Annual report pursuant to Section 13 and 15(d)

SBA Servicing Asset (Tables)

v3.22.0.1
SBA Servicing Asset (Tables)
12 Months Ended
Dec. 31, 2021
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, 2021 and 2020:

 

 

 

December 31,

 

 

 

2021

 

 

2020

 

 

 

(Dollars in thousands)

 

Beginning balance

 

$

2,953

 

 

$

3,355

 

Origination of servicing assets

 

 

186

 

 

 

370

 

Change in fair value

 

 

 

 

 

 

 

 

Due to run-off

 

 

(540

)

 

 

(545

)

Due to market changes

 

 

(355

)

 

 

(227

)

Ending balance

 

$

2,244

 

 

$

2,953