Mortgage Servicing Rights - Narrative (Details) - USD ($) $ in Thousands |
6 Months Ended | ||
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Jun. 30, 2025 |
Jun. 30, 2024 |
Dec. 31, 2024 |
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Transfers and Servicing [Abstract] | |||
Moving average of weekly prepayment data (in months) | 3 months | ||
Anticipated loan prepayment rate of servicing assets (in hundredths) | 6.34% | ||
Servicing assets and servicing liabilities at fair value, assumptions used to estimate fair value, discount rate adjustment factor (in hundredths) | 9.75% | ||
Mortgage servicing rights capitalized | $ 27 | $ 8 | |
Amortization of mortgage servicing rights | 144 | 164 | |
Fair value of mortgage servicing rights | 2,903 | 3,281 | $ 3,054 |
Outstanding principal balance of loans serviced for others | $ 287,718 | $ 307,637 | $ 297,950 |
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- Definition The moving average period of weekly prepayment data used as assumption in evaluating the carrying value of mortgage servicing rights. No definition available.
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- Definition Dollar amount of principal outstanding on loans being serviced for others at the balance sheet date. No definition available.
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- Definition The amount of rate spread added to the ten-year US Treasury rate to derive the discount rate used in the fair value calculation for the loan servicing portfolio. No definition available.
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- Definition The periodic amortization (in proportion to and over the period of estimated net servicing income or loss) of capitalized servicing rights, which contractually entitle the servicer to receive fees and ancillary revenues for performing billing, collection, disbursement and recordkeeping services in connection with a mortgage portfolio. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The value of new servicing assets, subsequently measured at fair value, acquired or created during the current period through purchases or from transfers of 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 Estimated rate of prepayments of principal on servicing assets and servicing liabilities. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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