Quarterly report pursuant to Section 13 or 15(d)

SBA Servicing Asset (Tables)

v3.20.2
SBA Servicing Asset (Tables)
9 Months Ended
Sep. 30, 2020
Transfers And Servicing Of Financial Assets [Abstract]  
Summary of Activity Pertaining to SBA Servicing Rights The following summarizes the activity pertaining to SBA servicing rights, which are in the consolidated balance sheets, for the three and nine months ended September 30, 2020 and 2019:

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

 

 

(Dollars in thousands)

 

Beginning balance

 

$

3,055

 

 

$

3,570

 

 

$

3,355

 

 

$

3,965

 

Origination of servicing assets

 

 

114

 

 

 

264

 

 

 

303

 

 

 

784

 

Change in fair value:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Due to run-off

 

 

(135

)

 

 

(241

)

 

 

(410

)

 

 

(645

)

Due to market changes

 

 

17

 

 

 

(45

)

 

 

(197

)

 

 

(556

)

Ending balance

 

$

3,051

 

 

$

3,548

 

 

$

3,051

 

 

$

3,548