Three Months Ended June 30,

Six Months Ended June 30,

($ in thousands)

2026

2025

2026

2025

Carrying amount, beginning of year

$

15,728

$

14,965

$

15,254

$

14,868

Mortgage servicing rights capitalized during the period

776

802

1,327

1,182

Mortgage servicing rights amortization during the period

(497

)

(469

)

(1,026

)

(762

)

Net change in valuation allowance

(54

)

160

398

170

Carrying amount, end of period

$

15,953

$

15,458

$

15,953

$

15,458

Valuation allowance:

Beginning of period

$

23

$

176

$

475

$

186

Increase (reduction)

54

(160

)

(398

)

(170

)

End of period

$

77

$

16

$

77

$

16

Fair value, beginning of period

$

19,239

$

18,212

$

17,964

$

17,782

Fair value, end of period

$

19,475

$

19,108

$

19,475

$

19,108