Three Months Ended March 31,

($ in thousands)

2025

2024

Balance at beginning of period

$

14,868

$

13,906

Mortgage servicing rights capitalized during the period

380

377

Mortgage servicing rights amortization during the period

(293

)

(273

)

Net change in valuation allowance

10

181

Balance at end of period

$

14,965

$

14,191

Valuation allowance:

Balance at beginning of period

$

186

$

227

Increase (decrease)

(10

)

(181

)

Balance at end of period

$

176

$

46

Fair value, beginning of period

$

17,782

$

17,125

Fair value, end of period

$

18,212

$

18,141