Quarterly report pursuant to Section 13 or 15(d)

Servicing Assets (Tables)

v3.24.3
Servicing Assets (Tables)
9 Months Ended
Sep. 30, 2024
Transfers and Servicing [Abstract]  
Summary of Activity in Servicing Assets

The activity in servicing assets was as follows for the periods indicated:

 

 

 

Three Months Ended September 30,

 

 

 

2024

 

 

2023

 

 

 

(in thousands)

 

 

 

 

 

 

 

 

Balance at beginning of period

 

$

6,836

 

 

$

7,352

 

Addition related to sale of loans

 

 

461

 

 

 

396

 

Amortization

 

 

(614

)

 

 

(592

)

Balance at end of period

 

$

6,683

 

 

$

7,156

 

 

 

 

Nine Months Ended September 30,

 

 

 

2024

 

 

2023

 

 

 

(in thousands)

 

 

 

 

 

 

 

 

Balance at beginning of period

 

$

7,070

 

 

$

7,176

 

Addition related to sale of loans

 

 

1,593

 

 

 

1,410

 

Amortization

 

 

(1,980

)

 

 

(1,815

)

Change in valuation allowance

 

 

 

 

 

385

 

Balance at end of period

 

$

6,683

 

 

$

7,156