Annual report [Section 13 and 15(d), not S-K Item 405]

Servicing Assets (Tables)

v3.25.0.1
Servicing Assets (Tables)
12 Months Ended
Dec. 31, 2024
Transfers and Servicing [Abstract]  
Summary of Changes in Servicing Assets

The changes in servicing assets for the years ended December 31, 2024 and 2023 were as follows:

 

 

 

As of December 31,

 

 

 

2024

 

 

2023

 

 

 

(in thousands)

 

Balance at beginning of period

 

$

7,070

 

 

$

7,176

 

Additions related to sale of loans

 

 

2,136

 

 

 

1,965

 

Amortization

 

 

(2,749

)

 

 

(2,456

)

Change in valuation allowance

 

 

 

 

 

385

 

Balance at end of period

 

$

6,457

 

 

$

7,070