XML 23 R13.htm IDEA: XBRL DOCUMENT v3.25.1
Loan Servicing
 3 Months Ended
Mar. 31, 2025
Payments for (Proceeds from) Mortgage Servicing Rights [Abstract]  
Loan Servicing Loan Servicing
Loans serviced for others are not included in the accompanying condensed consolidated balance sheets. The unpaid principal balances of loans serviced for others totaled approximately $1.42 billion and $1.44 billion at March 31, 2025 and December 31, 2024.

Activity for mortgage servicing rights and the related impairment allowance were as follows:


Three Month Ended
March 31, 2025March 31, 2024
Mortgage servicing rights
Balances, January 1$18,195 $18,807 
Servicing rights capitalized245 207 
Amortization of servicing rights(507)(476)
Ending balance17,933 18,538 
Impairment allowance
Beginning balance— — 
Additions— — 
Reductions— — 
Ending balance— — 
Mortgage servicing rights, net$17,933 $18,538 
Fair value, beginning of period$19,766 $19,891 
Fair value, end of period18,811 19,149 
Fair value at March 31, 2025 was determined using a discounted cash flow analysis with the discount rates ranging from 9.0% to 11.5% and prepayment speeds ranging from 5.9% to 13.5%, depending on the stratification of the specific type. Fair value at March 31, 2024 was determined using a discounted cash flow analysis with a discount rate of 11.0% and prepayment speeds ranging from 6.0% to 12.0%, depending on the stratification of the specific type.