v3.25.2
Loan Servicing
 6 Months Ended
Jun. 30, 2025
Mortgage Banking [Abstract]  
Loan Servicing Loan Servicing
Mortgage loans that are serviced for others are not reported as assets, only the servicing rights are recorded and included in other assets. The following schedules disclose the change in the carrying value of mortgage servicing rights that is included in other assets, principal balances of loans serviced and the fair value of mortgage servicing rights:
(Dollars in thousands)June 30,
2025		December 31,
2024
Carrying value at beginning of period$11,958 12,534 
Additions430 811 
Amortization(650)(1,387)
Carrying value at end of period$11,738 11,958 
Principal balances of loans serviced for others$1,481,486 1,507,439 
Fair value of servicing rights$17,427 17,902 
Securities Sold Under Agreements to Repurchase
The following table summarizes the carrying value of the Company’s securities sold under agreements to repurchase (“repurchase agreements”) by remaining contractual maturity of the agreements and category of collateral:
Overnight and Continuous
(Dollars in thousands)June 30,
2025		December 31,
2024
Residential mortgage-backed securities$1,976,228 1,777,475 
The repurchase agreements are secured by debt securities with carrying values of $2,286,335,000 and $2,184,627,000 at June 30, 2025 and December 31, 2024, respectively. Securities are pledged to customers at the time of the transaction in an amount at least equal to the outstanding balance and are held in custody accounts by third parties. The fair value of collateral is continually monitored and additional collateral is provided as deemed appropriate.