v3.26.1
Mortgage Servicing Rights (Tables)
 3 Months Ended
Mar. 31, 2026
Mortgage Banking [Abstract]  
Schedule of Activity Reated to MSRs
Activity related to MSRs for the three months ended March 31, 2026 and the year ended December 31, 2025 was as follows (in thousands):

Three months ended March 31, 2026
Beginning balance, as of January 1, 2026$212,216 
Additions8,639 
Amortization(10,085)
Impairment reversal2,601 
Prepayments and write-offs(1,517)
Ending balance, as of March 31, 2026$211,854 

Year Ended December 31, 2025
Beginning balance, as of January 1, 2025$— 
Acquired MSRs at July 1, 2025211,545 
Additions26,295 
Amortization(19,434)
Impairment(2,590)
Prepayments and write-offs(3,600)
Ending balance, as of December 31, 2025$212,216 
Schedule of Expected Amortization of MSRs
The expected amortization of capitalized MSRs recorded at March 31, 2026 is as follows (in thousands):

YearAmortization
2026 (April-December)$26,354 
202730,768 
202825,664 
202921,408 
203017,857 
Thereafter89,803 
Total$211,854 
The following table summarizes the Company's expected other identified intangible assets, net amortization over the next five years (dollars in thousands):
Weighted Avg. Life (in Years)2026 (April - December)2027202820292030
Non-compete Agreements0.2$225 $— $— $— $— 
Software development4.5717 956 956 956 506 
Intangible lease assets12.62,160 2,880 2,880 2,880 2,880 
Total$3,102 $3,836 $3,836 $3,836 $3,386