v3.26.1
SERVICING ASSETS (Tables)
3 Months Ended
Mar. 31, 2026
Transfers and Servicing [Abstract]  
Schedule of Changes in Serving Rights at Fair Value
The following table presents the changes in servicing rights measured using the fair value method for the quarters ended March 31, 2026 and 2025:
Quarter Ended March 31,
20262025
(In thousands)
Balance at beginning of period
$66,333 $70,435 
Servicing from mortgage securitization or asset transfers868 659 
Changes due to payments on loans(1,258)(1,262)
Changes in fair value due to changes in valuation model inputs or assumptions1,285 (594)
Fair value at end of period
$67,228 $69,238 
Schedule of Key Economic Assumptions
The following table presents key economic assumption ranges used in measuring the mortgage-related servicing asset fair value as of March 31, 2026 and 2025:
Quarter Ended March 31,
20262025
Constant prepayment rate
2.45% - 22.22%
1.30% - 18.14%
Discount rate
10.00% - 15.50%
10.00% - 15.50%
Schedule of Sensitivity of Current Fair Value of Servicing Assets
The sensitivity of the current fair value of servicing assets to immediate 10 percent and 20 percent adverse changes in the above key assumptions were as follows:
March 31,December 31,
20262025
(In thousands)
Mortgage-related servicing asset
Carrying value of mortgage servicing asset$67,228 66,333 
Weighted average life (in years)8.18.0
Constant prepayment rate
Decrease in fair value due to 10% adverse change$(1,151)$(1,186)
Decrease in fair value due to 20% adverse change$(2,262)$(2,331)
Discount rate
Decrease in fair value due to 10% adverse change$(2,992)$(2,913)
Decrease in fair value due to 20% adverse change$(5,750)$(5,601)