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Loan Servicing
12 Months Ended
Dec. 31, 2022
Payments for (Proceeds from) Mortgage Servicing Rights [Abstract]  
Loan Servicing Loan Servicing
Loans serviced for others are not included in the accompanying consolidated balance sheets. The unpaid principal balances of loans serviced for others totaled approximately $1.532 billion and $1.540 billion at December 31, 2022 and 2021.
Comparable market values and a valuation model that calculates the present value of future cash flows were used to estimate fair value. For purposes of measuring impairment, risk characteristics including product type, investor type and interest rates, were used to stratify the originated mortgage servicing rights. Mortgage servicing rights are included in other assets on the balance sheets as of December 31, 2022 and 2021.
December 31
2022
December 31
2021
December 31
2020
Mortgage servicing rights
Balances, January 1$17,780 $17,644 $15,046 
Servicing rights capitalized3,184 4,209 5,530 
Amortization of servicing rights(2,345)(4,073)(2,932)
Balances, December 3118,619 17,780 17,644 
Impairment allowance
Balances, January 1(2,594)(5,172)(719)
Additions— — (5,106)
Reductions2,594 2,578 653 
Balances, December 31— (2,594)(5,172)
Mortgage servicing rights, net$18,619 $15,186 $12,472 
Fair value, beginning of period$15,236 $12,356 $14,405 
Fair value, end of period$19,992 $15,236 $12,356