The characteristics and sensitivity analysis of the MSRs are included in the following table: | | | | | | | | | | | | June 30, | | | December 31, | | | (Dollars in thousands) | | 2025 | | | 2024 | | | Composition of residential loans serviced for others | | | | | | | | | | Fixed-rate mortgage loans | | | 100.0 | % | | | 100.0 | % | | Adjustable-rate mortgage loans | | | — | % | | | — | % | | Total | | | 100.0 | % | | | 100.0 | % | | Weighted average life | | | 7.66 | years | | | 7.97 | years | | Constant Prepayment rate (CPR) | | | 7.6 | % | | | 7.0 | % | | Estimated impact on fair value of a 10% increase | | $ | (965) | | | $ | (658) | | | Estimated impact on fair value of a 20% increase | | | (1,900) | | | | (1,298) | | | Estimated impact on fair value of a 10% decrease | | | 1,005 | | | | 666 | | | Estimated impact on fair value of a 20% decrease | | | 2,056 | | | | 1,328 | | | Weighted average discount rate | | | 10.7 | % | | | 10.9 | % | | Estimated impact on fair value of a 10% increase | | $ | (3,215) | | | $ | (3,166) | | | Estimated impact on fair value of a 20% increase | | | (6,362) | | | | (6,339) | | | Estimated impact on fair value of a 10% decrease | | | 3,167 | | | | 3,022 | | | Estimated impact on fair value of a 20% decrease | | | 6,075 | | | | 5,738 | | | Effect on fair value due to change in interest rates | | | | | | | | | | 25 basis point increase | | $ | 2,313 | | | $ | 1,761 | | | 50 basis point increase | | | 4,439 | | | | 3,296 | | | 25 basis point decrease | | | (2,389) | | | | (1,952) | | | 50 basis point decrease | | | (4,803) | | | | (4,052) | | |
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