Mortgage Servicing Rights

12 Months Ended

Dec. 31, 2023

Transfers and Servicing of Financial Assets [Abstract]

MORTGAGE SERVICING RIGHTS

MORTGAGE SERVICING RIGHTS

For the years ended December 31, 2023, 2022 and 2021, the 1-4 family mortgage loans that were sold to Fannie Mae amounted to $0.2 million, $28.6 million and $287.9 million. At December 31, 2023, 2022 and 2021, our servicing portfolio unpaid principal balance was $707.8 million, $772.9 million and $841.7 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, 2021	$	7,887	$	(210)	$	7,677
Additions	358		—		358
Amortization	(1,098)		—		(1,098)
Temporary recapture	—		210		210
Balance at December 2022	$	7,147	$	—	$	7,147
Additions	2		—		2
Amortization	(804)		—		(804)
Temporary recapture	—		—		—
Balance at December 31, 2023	$	6,345	$	—	$	6,345