Annual report pursuant to Section 13 and 15(d)

Servicing Assets (Tables)

v3.22.0.1
Servicing Assets (Tables)
12 Months Ended
Dec. 31, 2021
Transfers And Servicing [Abstract]  
Summary of Changes in Servicing Assets

The changes in servicing assets for the years ended December 31, 2021 and 2020 were as follows:

 

 

 

As of December 31,

 

 

 

2021

 

 

2020

 

 

 

(in thousands)

 

Balance at beginning of period

 

$

6,212

 

 

$

6,956

 

Additions related to sale of SBA loans

 

 

3,160

 

 

 

1,517

 

Amortization

 

 

(2,292

)

 

 

(2,261

)

Balance at end of period

 

$

7,080

 

 

$

6,212