v3.25.2
Mortgage Banking Commitments (Tables)
6 Months Ended
Jun. 30, 2025
Mortgage Banking Commitments  
Schedule of Aggregate Fair Value, Contractual Balance and Gain or Loss for Mortgage Banking Commitments

As of June 30, 2025 and December 31, 2024, the aggregate fair value, contractual balance, and gain or loss were as follows:

 

  

June 30, 2025

   December 31, 2024 
Aggregate fair value  $22,683   $9,010 
Contractual balance   21,973    8,825 
           
Gain  $710   $185 
Schedule of Components of Income From Mortgage Banking Activities

The following table provides the components of income from mortgage banking activities for the three months and six months ended June 30, 2025:

 

  

Three Months Ended

June 30, 2025

  

Six Months Ended

June 30, 2025

 
         
Gain on loans sold  $2,851   $4,482 
Gain (loss) resulting from the change in fair value of loans held-for-sale   268    525 
Gain (loss) resulting from the change in fair value of derivatives   403    760 
Gain (loss) resulting from the change in forward contracts   (212)   (279)
           
Total  $3,310   $5,488 

 

The following table provides the components of income from mortgage banking activities for the three months and six months ended June 30, 2024:

 

  

Three Months Ended

June 30, 2024

  

Six Months Ended

June 30, 2024

 
         
Gain on loans sold  $2,647   $4,444 
Gain (loss) resulting from the change in fair value of loans held-for-sale   84    (38)
Gain (loss) resulting from the change in fair value of derivatives   (28)   149 
Gain (loss) resulting from the change in forward contracts   14    (72)
           
Total  $2,717   $4,483 
Schedule of Notional Amount and Fair Value of IRLCs and Forward Contracts

The following table presents the notional amount and fair value of IRLCs and forward contracts utilized by the Company at June 30, 2025 and December 31, 2024:

 

Asset Derivatives

 

   June 30, 2025   December 31, 2024 
  

Notional

Amount

  

Fair

Value

  

Notional

Amount

  

Fair

Value

 
Derivatives not designated as hedging instruments:                     
IRLCs  $44,483   $948   $16,121   $188 
Forward contracts   0    0    31,000    62 

 

Liability Derivatives

 

   June 30, 2025   December 31, 2024 
  

Notional

Amount

  

Fair

Value

  

Notional

Amount

  

Fair

Value

 
Derivatives not designated as hedging instruments:                    
Forward contracts  $74,600   $(279)  $0   $0