MORTGAGE SERVICING RIGHTS (Details) |
3 Months Ended | 12 Months Ended |
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Mar. 31, 2025
USD ($)
item
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Dec. 31, 2024
USD ($)
item
M
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MORTGAGE SERVICING RIGHTS | ||
Fair value at beginning of period | $ 13,369,000 | $ 13,668,000 |
Servicing asset additions | 325,000 | 1,343,000 |
Loan payments and payoffs | (425,000) | (1,735,000) |
Changes in valuation inputs and assumptions used in the valuation model | 275,000 | 93,000 |
Amount recognized through earnings | 175,000 | (299,000) |
Fair value at end of period | 13,544,000 | 13,369,000 |
Unpaid principal balance of loans serviced for others | $ 1,173,921,000 | $ 1,172,311,000 |
MSR asset, measurement input | 0.0115 | 0.0114 |
Prepayment speed | ||
MORTGAGE SERVICING RIGHTS | ||
MSR asset, measurement input | 8.1 | 8.2 |
Discount rate | ||
MORTGAGE SERVICING RIGHTS | ||
MSR asset, measurement input | item | 0.1018 | 0.1018 |
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- Definition The value of new servicing assets, subsequently measured at fair value, created during the current period through purchases or from transfers of financial assets. Excludes servicing assets acquired in a business combination. No definition available.
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- Definition Principal amount of transferred financial assets in which the transferor has continuing involvement with the assets underlying the transaction. Continuing involvement includes, but is not limited to, servicing, recourse, and restrictions on transferor's interests in transferred financial assets. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Fair value of an asset representing net future revenue from contractually specified servicing fees, late charges, and other ancillary revenues, in excess of future costs related to servicing arrangements. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of increase (decrease) in fair value from changes in the inputs, assumptions, or model used to calculate the fair value of the contract to service financial assets under which the benefits of servicing are expected to more than adequately compensate the servicer. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Decrease in servicing assets subsequently measured at fair value resulting from conveyance of servicing rights to unrelated parties. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of increase (decrease) in fair value from changes classified as other for a contract to service financial assets under which the benefits of servicing are expected to more than adequately compensate the servicer. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Value of input used to measure servicing asset. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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