v3.26.1
Servicing Assets (Tables)
 3 Months Ended
Mar. 31, 2026
Mortgage Servicing Rights  
Servicing Assets at Fair Value [Line Items]  
Schedule of Servicing Assets
Changes in the MSR balance are summarized as follows:
Three months ended
March 31,
(dollars in thousands)20262025
Balance at beginning of the period$86 $1,124 
Servicing rights capitalized3 — 
Amortization of servicing rights(5)(45)
Balance at end of the period$84 $1,079 
Schedule of Sensitivity of Fair Value of Servicing Assets
The sensitivity of the current fair value of the residential mortgage servicing rights to immediate 10% and 20% adverse changes in key economic assumptions are included in the following table.
(dollars in thousands)March 31,
2026		December 31,
2025
Fair value of residential mortgage servicing rights$119 $114 
Weighted average life (months)4643
Prepayment speed8.53 %9.60 %
Impact on fair value:
10% adverse change$(5)$(5)
20% adverse change(10)(10)
Discount rate9.50 %9.50 %
Impact on fair value:
10% adverse change$(5)$(4)
20% adverse change(9)(9)
SBA Loan Servicing Rights  
Servicing Assets at Fair Value [Line Items]  
Schedule of Servicing Assets
Changes in the SBA loan servicing asset balance are summarized as follows:
Three months ended
March 31,
(dollars in thousands)20262025
Balance at beginning of the period$3,846 $3,258 
Servicing rights capitalized126 228 
Amortization of servicing rights(346)(310)
Change in valuation allowance(16)29 
Balance at end of the period$3,610 $3,205 
Schedule of Sensitivity of Fair Value of Servicing Assets
The sensitivity of the current fair value of the SBA loan servicing rights to immediate 10% and 20% adverse changes in key economic assumptions are included in the following table.
(dollars in thousands)March 31,
2026		December 31,
2025
Fair value of SBA loan servicing rights$4,398 $4,522 
Weighted average life (years)3.33.3
Prepayment speed17.78 %17.10 %
Impact on fair value:
10% adverse change$(206)$(207)
20% adverse change(394)(397)
Discount rate12.00 %12.91 %
Impact on fair value:
10% adverse change$(97)$(101)
20% adverse change(190)(197)
Schedule of Valuation Allowance for Servicing Assets
Activity in the valuation allowance for SBA loan servicing assets was as follows:
Three months ended
March 31,
(dollars in thousands)20262025
Valuation allowance, beginning of period$(39)$(74)
Impairment(15)— 
Recovery— 29 
Valuation allowance, end of period$(54)$(45)