v3.25.2
LOAN SERVICING RIGHTS (Tables)
12 Months Ended
Dec. 31, 2024
Transfers and Servicing [Abstract]  
Schedule of Other Mortgage Notes Serviced and Changes in our Mortgage Servicing Rights
A summary of loan servicing rights at December 31, 2024 and December 31, 2023 is as follows:
December 31, 2024December 31, 2023
(dollars in thousands)Serviced LoansCarrying ValueServiced LoansCarrying Value
Commercial FHA$1,904,843 $17,053 $2,084,961 $19,273 
SBA42,152 451 42,685 549 
Residential197,161 338 225,067 431 
Total$2,144,156 $17,842 $2,352,713 $20,253 
Changes in our commercial FHA loan servicing rights for the years ended December 31, 2024, 2023 and 2022 are summarized as follows:
Years Ended December 31,
(dollars in thousands)202420232022
Loan servicing rights:
Balance, beginning of period$19,273 $— $27,386 
Servicing rights transferred from (to) held for sale— 20,473 (23,995)
Amortization(2,220)(1,200)(1,907)
Refinancing fee received from third party— — (221)
Permanent impairment— — (1,263)
Balance, end of period$17,053 $19,273 $— 
Fair value:
At beginning of period$32,469 $— $28,368 
At end of period25,916 32,469 —