v3.26.1
Note 15 - Mortgage Banking Activities (Tables)
3 Months Ended
Mar. 31, 2026
Notes Tables  
Long-Lived Asset, Held-for-Sale [Table Text Block]
   

Three months ended

 
   

March 31,

 

(in thousands)

 

2026

   

2025

 

Balance, beginning of period:

  $ 6,247     $ 6,286  

Origination of mortgage loans held for sale

    32,087       29,997  

Proceeds from the sale of mortgage loans held for sale

    (33,218 )     (29,040 )

Net gain realized on sale of mortgage loans held for sale

    642       554  

Balance, end of period

  $ 5,758     $ 7,797  
Interest and Other Income [Table Text Block]
   

Three months ended

 
   

March 31,

 

(in thousands)

 

2026

   

2025

 
                 

Net gain realized on sale of mortgage loans held for sale

  $ 642     $ 554  

Net change in fair value recognized on loans held for sale

    (82 )     68  

Net change in fair value recognized on rate lock loan commitments

    100       355  

Net change in fair value recognized on forward contracts

    84       (211 )

Net gain recognized

    744       766  
                 

Net loan servicing income

    831       817  

Amortization of mortgage servicing rights

    (701 )     (732 )

Change in mortgage servicing rights valuation allowance

    -       -  

Net servicing income recognized

    130       85  
                 

Other mortgage banking income

    56       66  

Total mortgage banking income

  $ 930     $ 917  
Changes in Carrying Amount of MSRs [Table Text Block]
   

Three months ended

 
   

March 31,

 

(in thousands)

 

2026

   

2025

 

Balance, beginning of period

  $ 10,189     $ 11,333  

Additions for mortgage loans sold

    288       216  

Amortization

    (701 )     (732 )

Impairment

           
                 

Balance, end of period

  $ 9,776     $ 10,817  
Mortgage Loans Held for Sale and Mortgage Banking Derivatives [Table Text Block]
   

March 31, 2026

   

December 31, 2025

 

(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

  $ 5,703     $ 5,758     $ 6,111     $ 6,247  
                                 

Included in other assets:

                               

Rate lock loan commitments

  $ 15,175     $ 451     $ 7,799     $ 333  

Mandatory forward contracts

    15,250       85       -       -  
                                 

Included in other liabilities

                               

Mandatory forward contracts

  $ -     $ -     $ 10,250     $ 49