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Loan Sales
 9 Months Ended
Sep. 30, 2020
Loan Sales [Abstract]  
Loan Sales

Note 7: Loan Sales

The following table shows the amount of loan participation sales and the resulting changes in servicing assets recorded during nine months ended September 30, 2020 and 2019, and the year ended December 31, 2019. Management amortizes servicing assets using the interest method as an adjustment to servicing fee income.

A summary of loan participation sales and servicing assets are as follows (dollars in thousands):









 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



 

For the



 

Nine months ended

 

Year ended



 

September 30,

 

December 31,



 

2020

 

2019

 

2019

Loan participation interests sold by the Company

 

$

 16,533 

 

$

 —

 

$

 —



 

 

 

 

 

 

 

 

 

Servicing Assets

 

 

 

 

 

 

 

 

 

Balance, beginning of period

 

$

 100 

 

$

 212 

 

$

 212 

Additions:

 

 

 

 

 

 

 

 

 

Servicing obligations from sale of loan participations

 

 

 85 

 

 

 —

 

 

 —

Subtractions:

 

 

 

 

 

 

 

 

 

Amortization

 

 

 (37)

 

 

 (103)

 

 

 (112)

Balance, end of period

 

$

 148 

 

$

 109 

 

$

 100