Secondary Market Mortgage Activities

12 Months Ended

Dec. 31, 2025

Total loans serviced for others were $395.6 million and $264.1 million for the years ended December 31, 2025 and 2024, respectively.

The following summarizes secondary market mortgage activities for the years ended December 31, 2025, 2024, and 2023:


	December 31, 2025		December 31, 2024		December 31, 2023
Loans originated for resale	$	31,015	$	28,451	$	17,874
Proceeds from sales of loans held for sale	29,484		27,934		16,263
Net gains on sales of loans held for sale	916		770		447
Loan servicing fees	766		719		744

The following summarizes activity for capitalized mortgage servicing rights for the years ended December 31, 2025, 2024, and 2023:


	December 31, 2025		December 31, 2024		December 31, 2023
Balance, beginning of year	$	1,251	$	1,554	$	1,804
Additions	369		244		114
Servicing rights acquired	1,562		—		—
Amortization	(574)		(547)		(364)
Balance, end of year	$	2,608	$	1,251	$	1,554

The fair value of mortgage servicing rights is based on market prices for comparable mortgage servicing contracts, when available, or alternatively based on a valuation model that calculates the present value of estimated future net servicing income. The fair value of mortgage servicing rights was not materially different than amortized cost at December 31, 2025 and 2024, respectively. No valuation allowance was deemed necessary at December 31, 2025, 2024, and 2023. The fair value of interest rate lock commitments and forward commitments to sell loans were not material at December 31, 2025 or 2024.