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Servicing Assets (Tables)
6 Months Ended
Jun. 30, 2022
Transfers and Servicing [Abstract]  
Activity for Servicing Assets and Related Changes in Fair Value

Activity for servicing assets and the related changes in fair value for the three and six months ended June 30, 2022 and 2021 was as follows:

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Beginning balance

 

$

24,497

 

 

$

22,140

 

 

$

23,744

 

 

$

22,042

 

Additions, net

 

 

2,294

 

 

 

2,536

 

 

 

4,278

 

 

 

4,139

 

Changes in fair value

 

 

(4,636

)

 

 

7

 

 

 

(5,867

)

 

 

(1,498

)

   Ending balance

 

$

22,155

 

 

$

24,683

 

 

$

22,155

 

 

$

24,683

 

Unpaid Principal Balances of Loans Serviced for Others

Loans serviced for others are not included in the Condensed Consolidated Statements of Financial Condition. The unpaid principal balances of these loans serviced for others as of June 30, 2022 and December 31, 2021 were as follows:

 

 

 

June 30,

 

 

December 31,

 

 

 

2022

 

 

2021

 

Loan portfolios serviced for:

 

 

 

 

 

 

SBA guaranteed loans

 

$

1,524,199

 

 

$

1,510,375

 

USDA guaranteed loans

 

 

186,634

 

 

 

183,026

 

Total

 

$

1,710,833

 

 

$

1,693,401