Note 15 - Mortgage Banking Activities (Tables)
|
6 Months Ended |
Jun. 30, 2025 |
|---|
| Notes Tables |
|
| Disclosure of Long-Lived Assets Held-for-Sale [Table Text Block] |
| |
|
Three months ended
|
|
|
Six months ended
|
|
| |
|
June 30,
|
|
|
June 30,
|
|
|
(in thousands)
|
|
2025
|
|
|
2024
|
|
|
2025
|
|
|
2024
|
|
|
Balance, beginning of period:
|
|
$ |
7,797 |
|
|
$ |
6,462 |
|
|
$ |
6,286 |
|
|
$ |
6,056 |
|
|
Origination of mortgage loans held for sale
|
|
|
37,536 |
|
|
|
29,196 |
|
|
|
68,063 |
|
|
|
51,464 |
|
|
Proceeds from the sale of mortgage loans held for sale
|
|
|
(41,142 |
) |
|
|
(29,903 |
) |
|
|
(70,712 |
) |
|
|
(52,106 |
) |
|
Net gain realized on sale of mortgage loans held for sale
|
|
|
823 |
|
|
|
683 |
|
|
|
1,377 |
|
|
|
1,024 |
|
|
Balance, end of period
|
|
$ |
5,014 |
|
|
$ |
6,438 |
|
|
$ |
5,014 |
|
|
$ |
6,438 |
|
|
| Interest and Other Income [Table Text Block] |
| |
|
Three months ended
|
|
|
Six months ended
|
|
| |
|
June 30,
|
|
|
June 30,
|
|
|
(in thousands)
|
|
2025
|
|
|
2024
|
|
|
2025
|
|
|
2024
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net gain realized on sale of mortgage loans held for sale
|
|
$ |
823 |
|
|
$ |
683 |
|
|
$ |
1,377 |
|
|
$ |
1,024 |
|
|
Net change in fair value recognized on loans held for sale
|
|
|
(92 |
) |
|
|
(3 |
) |
|
|
(24 |
) |
|
|
31 |
|
|
Net change in fair value recognized on rate lock loan commitments
|
|
|
(134 |
) |
|
|
(108 |
) |
|
|
221 |
|
|
|
149 |
|
|
Net change in fair value recognized on forward contracts
|
|
|
(19 |
) |
|
|
82 |
|
|
|
(231 |
) |
|
|
108 |
|
|
Net gain recognized
|
|
|
578 |
|
|
|
654 |
|
|
|
1,343 |
|
|
|
1,312 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loan servicing income
|
|
|
788 |
|
|
|
817 |
|
|
|
1,604 |
|
|
|
1,778 |
|
|
Amortization of mortgage servicing rights
|
|
|
(402 |
) |
|
|
(582 |
) |
|
|
(1,133 |
) |
|
|
(1,319 |
) |
|
Change in mortgage servicing rights valuation allowance
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Net servicing income recognized
|
|
|
386 |
|
|
|
235 |
|
|
|
471 |
|
|
|
459 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other mortgage banking income
|
|
|
130 |
|
|
|
128 |
|
|
|
197 |
|
|
|
194 |
|
|
Total mortgage banking income
|
|
$ |
1,094 |
|
|
$ |
1,017 |
|
|
$ |
2,011 |
|
|
$ |
1,965 |
|
|
| Changes in Carrying Amount of MSRs [Table Text Block] |
| |
|
Three months ended
|
|
|
Six months ended
|
|
| |
|
June 30,
|
|
|
June 30,
|
|
|
(in thousands)
|
|
2025
|
|
|
2024
|
|
|
2025
|
|
|
2024
|
|
|
Balance, beginning of period
|
|
$ |
10,817 |
|
|
$ |
12,544 |
|
|
$ |
11,333 |
|
|
$ |
13,082 |
|
|
Additions for mortgage loans sold
|
|
|
291 |
|
|
|
235 |
|
|
|
506 |
|
|
|
434 |
|
|
Amortization
|
|
|
(402 |
) |
|
|
(582 |
) |
|
|
(1,133 |
) |
|
|
(1,319 |
) |
|
Impairment
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Balance, end of period
|
|
$ |
10,706 |
|
|
$ |
12,197 |
|
|
$ |
10,706 |
|
|
$ |
12,197 |
|
|
| Mortgage Loans Held for Sale and Mortgage Banking Derivatives [Table Text Block] |
| |
|
June 30, 2025
|
|
|
December 31, 2024
|
|
|
(in thousands)
|
|
Notional
Amount
|
|
|
Fair Value
|
|
|
Notional
Amount
|
|
|
Fair Value
|
|
|
Included in Mortgage loans held for sale:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mortgage loans held for sale, at fair value
|
|
$ |
4,804 |
|
|
$ |
5,014 |
|
|
$ |
6,199 |
|
|
$ |
6,286 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Included in other assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rate lock loan commitments
|
|
$ |
10,103 |
|
|
$ |
450 |
|
|
$ |
7,138 |
|
|
$ |
225 |
|
|
Mandatory forward contracts
|
|
|
- |
|
|
|
- |
|
|
|
9,000 |
|
|
|
56 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Included in other liabilities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mandatory forward contracts
|
|
$ |
10,250 |
|
|
$ |
86 |
|
|
$ |
- |
|
|
$ |
- |
|
|