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Mortgage Servicing Rights
12 Months Ended
Dec. 31, 2022
Transfers and Servicing of Financial Assets [Abstract]  
MORTGAGE SERVICING RIGHTS MORTGAGE SERVICING RIGHTS
For the years ended December 31, 2022, 2021 and 2020, the 1-4 family mortgage loans that were sold to Fannie Mae amounted to $28.6 million, $287.9 million and $345.1 million. At December 31, 2022, 2021 and 2020 our servicing portfolio totaled $772.9 million, $841.7 million and $718.2 million.
The following table indicates MSRs and the net carrying values:
(dollars in thousands)Servicing
Rights
Valuation
Allowance
Net Carrying
Value
Balance at December 31, 2020$6,620 $(1,631)$4,989 
Additions2,974 — 2,974 
Amortization(1,707)— (1,707)
Temporary recapture— 1,421 1,421 
Balance at December 31, 2021$7,887 $(210)$7,677 
Additions358 — 358 
Amortization(1,098)— (1,098)
Temporary recapture— 210 210 
Balance at December 31, 2022$7,147 $ $7,147