v3.26.1
MORTGAGE SERVICING RIGHTS (Tables)
3 Months Ended
Mar. 31, 2026
MORTGAGE SERVICING RIGHTS [Abstract]  
Change in Fair Value of Mortgage Servicing Rights Asset and Other Information
The following table reflects the changes in fair value of the Company’s mortgage servicing rights asset included in the Consolidated Balance Sheets, and other information related to the serviced portfolio, for the periods or dates presented (dollars in thousands):

   
Three Months Ended
March 31,
 
   
2026
   
2025
 
Beginning balance
 
$
24,041
   
$
26,292
 
Additions
   
320
     
199
 
Valuation adjustment
   
250
     
(1,585
)
Ending balance
 
$
24,611
   
$
24,906
 

   
March 31, 2026
   
December 31, 2025
 
Mortgage loans serviced for others
 
$
1,792,545
   
$
1,810,579
 
Mortgage servicing rights assets as a percentage of serviced mortgage loans
   
1.37
%
   
1.33
%
                 
Key Assumptions Used in Measuring Fair Value of Mortgage Servicing Rights
The following table reflects the key assumptions used in measuring the fair value of the Company’s mortgage servicing rights as of the dates indicated:

             
   
March 31, 2026
   
December 31, 2025
 
Weighted average constant prepayment rate
   
7.27
%
   
8.81
%
Weighted average discount rate
   
9.71
%
   
9.70
%
Weighted average life in years
   
7.80
     
7.43