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Servicing Assets (Tables)
 12 Months Ended
Dec. 31, 2019
Mortgage Servicing Rights  
Servicing Assets at Fair Value [Line Items]  
Schedule of servicing assets

 

 

 

 

 

 

 

 

Year Ended December 31, 

(dollars in thousands)

 

2019

    

2018

Balance at beginning of the period

 

$

232

 

 —

Servicing rights capitalized

 

 

372

 

241

Amortization of servicing rights

 

 

(60)

 

(9)

Change in valuation allowance

 

 

(98)

 

 —

Balance at end of the period

 

$

446

 

232

 

Schedule of valuation allowance for servicing assets

 

 

 

 

 

 

 

 

Year Ended December 31, 

(dollars in thousands)

 

2019

    

2018

Valuation allowance, beginning of period

 

$

 —

 

 —

Impairment

 

 

(98)

 

 —

Recovery

 

 

 —

 

 —

Valuation allowance, end of period

 

$

(98)

 

 —

 

Schedule of sensitivity of fair value of servicing assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(dollars in thousands)

 

December 31, 2019

    

December 31, 2018

Fair value of residential mortgage servicing rights

 

$

446

 

$

213

 

 

 

 

 

 

 

Weighted average life (years)

 

 

7.8

 

 

3.4

 

 

 

 

 

 

 

Prepayment speed

 

 
13.08%

 

 
11.78%

   Impact on fair value:

 

 

 

 

 

 

        10% adverse change

 

$

(19)

 

$

(9)

        20% adverse change

 

 

(37)

 

 

(17)

 

 

 

 

 

 

 

Discount rate

 

 
9.00%

 

 
9.50%

   Impact on fair value:

 

 

 

 

 

 

        10% adverse change

 

$

(14)

 

$

(8)

        20% adverse change

 

 

(27)

 

 

(15)

 

SBA Loan Servicing Rights  
Servicing Assets at Fair Value [Line Items]  
Schedule of servicing assets

 

 

 

 

 

 

 

 

Year Ended December 31, 

(dollars in thousands)

 

2019

    

2018

Balance at beginning of the period

 

$

 —

 

 —

Servicing rights capitalized

 

 

383

 

 —

Amortization of servicing rights

 

 

(20)

 

 —

Change in valuation allowance

 

 

(26)

 

 —

Balance at end of the period

 

$

337

 

 —

 

Schedule of valuation allowance for servicing assets

 

 

 

 

 

 

 

 

Year Ended December 31, 

(dollars in thousands)

 

2019

    

2018

Valuation allowance, beginning of period

 

$

 —

 

 —

Impairment

 

 

(26)

 

 —

Recovery

 

 

 —

 

 —

Valuation allowance, end of period

 

$

(26)

 

 —

 

Schedule of sensitivity of fair value of servicing assets

 

 

 

 

 

 

 

 

(dollars in thousands)

 

December 31, 2019

Fair value of SBA loan servicing rights

 

$

337

 

 

 

 

Weighted average life (years)

 

 

4.3

 

 

 

 

Prepayment speed

 

 
10.77%

   Impact on fair value:

 

 

 

        10% adverse change

 

$

(12)

        20% adverse change

 

 

(23)

 

 

 

 

Discount rate

 

 
11.28%

   Impact on fair value:

 

 

 

        10% adverse change

 

$

(9)

        20% adverse change

 

 

(18)