Loan Servicing Assets (Tables)

12 Months Ended

Dec. 31, 2024

Mortgage Banking [Abstract]

Summary of Mortgage Servicing Rights

A summary of loan servicing rights follows:

	2024			2023			2022
	(dollars in thousands)
Beginning of year servicing rights:	$	4,287		$	4,931		$	5,078
Amounts capitalized		829			584			1,196
Amortization		(1,213	)		(1,228	)		(1,343	)
Impairment		—			—			—
End of year	$	3,903		$	4,287		$	4,931

Estimated Amortization Expense

Amortization expense is estimated as follows:

Year ending December 31,
(dollars in thousands)
2025	$	921
2026		798
2027		674
2028		550
2029		426
Thereafter		534
Total	$	3,903

Key Assumptions Used to Value Mortgage Servicing Rights

The key assumptions used to value mortgage servicing rights were as follows:

	2024			2023
Weighted average remaining life	284 months			282 months
Weighted average discount rate		11.22	%		11.21	%
Weighted average coupon		3.99	%		3.69	%
Weighted average prepayment speed		115	%		129	%