Three Months Ended June 30,

Six Months Ended June 30,

($ in thousands)

2025

2024

2025

2024

Balance at beginning of period

$

14,965

$

14,191

$

14,868

$

13,906

Mortgage servicing rights capitalized during the period

802

654

1,182

1,031

Mortgage servicing rights amortization during the period

(469

)

(335

)

(762

)

(608

)

Net change in valuation allowance

160

38

170

219

Balance at end of period

$

15,458

$

14,548

$

15,458

$

14,548

Valuation allowance:

Balance at beginning of period

$

176

$

46

$

186

$

227

Increase (decrease)

(160

)

(38

)

(170

)

(219

)

Balance at end of period

$

16

$

8

$

16

$

8

Fair value, beginning of period

$

18,212

$

18,141

$

17,782

$

17,125

Fair value, end of period

$

19,108

$

18,807

$

19,108

$

18,807