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Mortgage Servicing Rights (Tables)
6 Months Ended
Jun. 30, 2024
Transfers and Servicing [Abstract]  
Summary of Mortgage Servicing Rights Activity

The following table presents the Company's mortgage servicing rights activity during the quarter and year-to-date ended June 30, 2024 and 2023:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

 

 

(In thousands)

 

Balance at the beginning of period

 

$

9,022

 

 

$

9,143

 

 

$

8,578

 

 

$

9,238

 

Mortgage servicing rights acquired

 

 

3,580

 

 

 

 

 

 

3,580

 

 

 

 

Additions

 

 

 

 

 

235

 

 

 

 

 

 

250

 

Fair value adjustments

 

 

(373

)

 

 

67

 

 

 

71

 

 

 

(43

)

Balance at the end of period

 

$

12,229

 

 

$

9,445

 

 

$

12,229

 

 

$

9,445