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Note 7 - Loan Servicing - Schedule of Servicing Assets at Amortized Value (Details)
$ in Thousands
3 Months Ended
Mar. 31, 2024
USD ($)
Balance at beginning of period $ 2,052
Additions, net of valuation reserve (1) 300 [1]
Amortization (2) (91) [2]
Balance at end of period 2,261
Less valuation reserve (3) (296) [3]
Balance at end of period, net of valuation reserve 1,965
Fair value, beginning of period 2,314
Fair value, end of period $ 2,062
[1] Associated income was reported within mortgage banking income, net on the consolidated statements of income.
[2] Associated amortization expense was reported within other noninterest income on the consolidated statements of income.
[3] Associated valuation reserve was reported within mortgage and lending expenses on the consolidated statements of income.