Loan Servicing

9 Months Ended

Sep. 30, 2025

Payments for (Proceeds from) Mortgage Servicing Rights [Abstract]

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 $1.41 billion and $1.44 billion at September 30, 2025 and December 31, 2024.

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


	Three Months Ended				Nine Months Ended
	September 30, 2025		September 30, 2024		September 30, 2025		September 30, 2024
Mortgage servicing rights
Balances, January 1	$	17,752	$	18,432	$	18,195	$	18,807
Servicing rights capitalized	392		398		973		956
Amortization of servicing rights	(531)		(502)		(1,555)		(1,435)
Ending balance	17,613		18,328		17,613		18,328
Impairment allowance
Beginning balance	—		—		—		—
Additions	—		—		—		—
Reductions	—		—		—		—
Ending balance	—		—		—		—
Mortgage servicing rights, net	$	17,613	$	18,328	$	17,613	$	18,328

Fair value, beginning of period	$	18,251	$	19,091	19,766		19,891
Fair value, end of period	17,846		18,449		17,846		18,449

Fair value at September 30, 2025 was determined using a discounted cash flow analysis with the discount rates ranging from 8.5% to 11.0% and prepayment speeds ranging from 5.9% to 12.1%, depending on the stratification of the specific type. Fair value at September 30, 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.