Loan Sales |
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| Loan Sales | Note 7: Loan Sales A summary of loan participation sales and servicing assets are as follows (dollars in thousands):
ACCU Loan Participation Agreement (Secured Borrowings) Effective August 9, 2021, the Company entered into a Master Loan Participation Purchase and Sale Agreement with ACCU. Under the Master LP Agreement, the Company makes sales on a recourse basis, requiring the Company to repurchase the participation interest in the event of default by the borrower. Due to the recourse provisions of the agreement, these participation sales are classified as secured borrowings and are presented as part of other secured borrowings on the Company’s consolidated balance sheets. The Company did not sell any loan participations to ACCU under the provisions of the Master LP Agreement during the six months ended June 30, 2025 and 2024. |
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