v3.25.2
SBA Servicing Asset, Net (Tables)
6 Months Ended
Jun. 30, 2025
Transfers and Servicing [Abstract]  
Schedule of SBA Servicing Asset Activity
The following table summarizes SBA servicing asset, net activity for the periods indicated:
Three Months Ended
June 30,
Six Months Ended
June 30,
($ in thousands)2025202420252024
Balance at beginning of period$3,331 $4,072 $3,273 $4,231 
Additions to servicing asset440 — 755 — 
Amortization of servicing asset(249)(711)(586)(1,068)
Change in valuation allowance
(295)328 (215)526 
Balance at end of period$3,227 $3,689 $3,227 $3,689 
SBA servicing asset, fair value$3,227 $3,689 $3,227 $3,689 
Schedule of Valuation Allowance for Impairment of Recognized Servicing Assets
Activity in the valuation allowance for the SBA servicing asset was as follows for the periods indicated:
Three Months Ended
June 30,
Six Months Ended
June 30,
($ in thousands)2025202420252024
Balance at beginning of period$(1,206)$(1,953)$(1,286)$(2,151)
Impairment(295)— (295)— 
Recovery— 328 80 526 
Balance at end of period$(1,501)$(1,625)$(1,501)$(1,625)