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Mortgage Servicing Assets (Tables)
12 Months Ended
Dec. 31, 2019
Mortgage Servicing Assets.  
Schedule of changes in mortgage servicing assets

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

    

2019

    

2018

 

Balance at beginning of year

 

$

226

 

$

263

 

Additions

 

 

344

 

 

 —

 

Impairments

 

 

(16)

 

 

 —

 

Amortization

 

 

(51)

 

 

(37)

 

Balance at end of year

 

$

503

 

$

226

 

 

Schedule of gross carrying values, accumulated amortization, and net carrying values of mortgage servicing assets

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

(Dollars in thousands)

    

2019

    

2018

 

Gross carrying value

 

$

1,638

 

$

1,310

 

Accumulated amortization

 

 

(1,135)

 

 

(1,084)

 

Net carrying value

 

$

503

 

$

226

 

 

Schedule of estimated future amortization expense for mortgage servicing assets

 

 

 

 

 

 

(Dollars in thousands)

    

 

 

 

2020

 

$

92

 

2021

 

 

73

 

2022

 

 

57

 

2023

 

 

46

 

2024

 

 

38

 

Thereafter

 

 

197

 

Total

 

$

503

 

 

Schedule of fair values and key assumptions used in determining fair values of mortgage servicing assets

 

 

 

 

 

 

 

 

 

 

    

2019

    

2018

 

Fair value, beginning of year (in thousands)

 

$

291

 

$

311

 

Fair value, end of year (in thousands)

 

 

552

 

 

291

 

 

 

 

 

 

 

 

 

Weighted average discount rate

 

 

10.25

%  

 

10.50

%

Weighted average prepayment speed assumption (CPR)

 

 

12.58

 

 

8.86

 

Annual cost to service (per loan)

 

$

75

 

$

70