| Schedule of Other Mortgage Notes Serviced and Changes in our Mortgage Servicing Rights |
A summary of loan servicing rights at December 31, 2024 and December 31, 2023 is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2024 | | December 31, 2023 | | (dollars in thousands) | Serviced Loans | | Carrying Value | | Serviced Loans | | Carrying Value | | Commercial FHA | $ | 1,904,843 | | | $ | 17,053 | | | $ | 2,084,961 | | | $ | 19,273 | | | SBA | 42,152 | | | 451 | | | 42,685 | | | 549 | | | Residential | 197,161 | | | 338 | | | 225,067 | | | 431 | | | | | | | | | | | Total | $ | 2,144,156 | | | $ | 17,842 | | | $ | 2,352,713 | | | $ | 20,253 | |
Changes in our commercial FHA loan servicing rights for the years ended December 31, 2024, 2023 and 2022 are summarized as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Years Ended December 31, | | (dollars in thousands) | | | | | 2024 | | 2023 | | 2022 | | Loan servicing rights: | | | | | | | | | | | Balance, beginning of period | | | | | $ | 19,273 | | | $ | — | | | $ | 27,386 | | | | | | | | | | | | | Servicing rights transferred from (to) held for sale | | | | | — | | | 20,473 | | | (23,995) | | | Amortization | | | | | (2,220) | | | (1,200) | | | (1,907) | | | Refinancing fee received from third party | | | | | — | | | — | | | (221) | | | Permanent impairment | | | | | — | | | — | | | (1,263) | | | Balance, end of period | | | | | $ | 17,053 | | | $ | 19,273 | | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Fair value: | | | | | | | | | | | At beginning of period | | | | | $ | 32,469 | | | $ | — | | | $ | 28,368 | | | At end of period | | | | | 25,916 | | | 32,469 | | | — | |
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