Annual report pursuant to Section 13 and 15(d)

SBA Servicing Asset (Tables)

v3.20.4
SBA Servicing Asset (Tables)
12 Months Ended
Dec. 31, 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 years ended December 31, 2020 and 2019:

 

 

 

December 31,

 

 

 

2020

 

 

2019

 

 

 

(Dollars in thousands)

 

Beginning balance

 

$

3,355

 

 

$

3,965

 

Origination of servicing assets

 

 

370

 

 

 

935

 

Change in fair value

 

 

 

 

 

 

 

 

Due to run-off

 

 

(545

)

 

 

(876

)

Due to market changes

 

 

(227

)

 

 

(669

)

Ending balance

 

$

2,953

 

 

$

3,355