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Mortgage Servicing Rights (Tables)
3 Months Ended
Mar. 31, 2025
Transfers and Servicing [Abstract]  
Summary of Mortgage Servicing Rights

Information related to mortgage servicing rights as of March 31, 2025 and December 31, 2024 are summarized as follows:

 

 

 

Three Months Ended

 

 

Year Ended

 

 

 

March 31,
2025

 

 

December 31,
2024

 

Book value of mortgage servicing rights beginning of period

 

$

1,078

 

 

$

2,231

 

Additions from sale of loans

 

 

25

 

 

 

508

 

Book value removed from sale of servicing rights

 

 

 

 

 

(1,158

)

Amortized to expense

 

 

(91

)

 

 

(503

)

Book value of mortgage servicing rights end of period

 

$

1,012

 

 

$

1,078

 

 

 

 

 

 

 

Fair value of mortgage servicing rights

 

$

1,944

 

 

$

1,945

 

Principal balance of mortgage loans serviced for others not reported as assets

 

$

209,762

 

 

$

211,246

 

Custodial escrows of serviced loans

 

$

3,310

 

 

$

3,358