Mortgage Servicing Rights (Tables)

12 Months Ended

Dec. 31, 2022

Transfers and Servicing [Abstract]

Summary of Changes in Balance of Mortgage Servicing Rights

The following is a summary of changes in the balance of mortgage servicing rights for the periods indicated below:

	As of December 31,
	2022			2021
Mortgage servicing rights beginning balance	$	2,036		$	1,806
Additions		68			553
Amortization		(244	)		(692	)
Decrease in valuation allowance		0			369
Mortgage servicing rights ending balance	$	1,860		$	2,036
Fair value at beginning of period	$	2,477		$	1,806
Fair value at end of period	$	3,376		$	2,477

Summary of Estimated Future Amortization Expense for Mortgage Servicing Rights

The following table shows the estimated future amortization of mortgage servicing rights for the next five years. The projections of amortization expense are based on existing asset balances as of as of December 31, 2022. The actual amortization expense the Company recognizes in any given period may be significantly different depending on changes in interest rates, market conditions, and regulatory requirements.

Estimated future amortization as of December 31, 2022:
2023	$	220
2024		201
2025		182
2026		163
2027		143
Thereafter		951
Total	$	1,860