LOAN SERVICING

12 Months Ended

Dec. 31, 2021

LOAN SERVICING

LOAN SERVICING

NOTE 6 – LOAN SERVICING

Mortgage loans serviced for others, not included in the accompanying consolidated balance sheets, amounted to $1,040,809,000 and $1,090,219,000 as of December 31, 2021 and 2020, respectively. Activity in mortgage servicing rights is as follows for years ended December 31:

	Year Ended December 31,
	2021		2020		2019
	(dollars in thousands)
Beginning balance	$	5,934	$	8,518	$	10,918
Acquired		370		—		—
Capitalized servicing rights		1,200		1,981		1,018
Fair value adjustment:
Attributable to payments and principal reductions		(1,788)		(2,364)		(1,614)
Attributable to changes in valuation inputs and assumptions		2,278		(2,201)		(1,804)
Total fair value adjustment		490		(4,565)		(3,418)
Ending balance	$	7,994	$	5,934	$	8,518