v3.25.1
MORTGAGE SERVICING RIGHTS (Tables)
3 Months Ended
Mar. 31, 2025
MORTGAGE SERVICING RIGHTS  
Schedule of analysis of activity in the MSR asset

Following is an analysis of activity in the MSR asset:

    

Three Months Ended

    

Year Ended

March 31, 2025

December 31, 2024

Fair value at beginning of period

$

13,369

$

13,668

Servicing asset additions

 

325

 

1,343

Loan payments and payoffs

 

(425)

 

(1,735)

Changes in valuation inputs and assumptions used in the valuation model

 

275

 

93

Amount recognized through earnings

175

(299)

MSR asset acquired

 

 

Fair value at end of period

$

13,544

$

13,369

Unpaid principal balance of loans serviced for others

$

1,173,921

$

1,172,311

Mortgage servicing rights as a percent of loans serviced for others

 

1.15

 

1.14