Loan Servicing Rights (Tables)

3 Months Ended

Mar. 31, 2022

Transfers and Servicing [Abstract]

Components of Loan Servicing Rights and Valuation Allowance

The following table summarizes the carrying values and activity related to loan servicing rights and the related valuation allowance: 

	Three Months Ended March 31,
(dollars in thousands)	2022		2021
Balance at beginning of period	$	30,085	$	28,124
Additions (1)	9,666		3,113
Amortization	(1,505)		(2,975)
Balance before valuation allowance at end of period	38,246		28,262
Valuation allowance:
Balance at beginning of period	(46)		(1,407)
(Additions)/recoveries	45		1,261
Balance at end of period	(1)		(146)
Loan servicing rights, net	$	38,245	$	28,116

(1)Additions in the three months ended March 31, 2022 include loan servicing rights of $7.7 million acquired from First Midwest on February 15, 2022.