v3.26.1
Mortgage Banking Commitments (Tables)
3 Months Ended
Mar. 31, 2026
Mortgage Banking Commitments  
Schedule of Aggregate Fair Value, Contractual Balance and Gain or Loss for Mortgage Banking Commitments

As of March 31, 2026 and December 31, 2025, the aggregate fair value, contractual balance, and gain or loss were as follows:

   

  

March 31, 2026

   December 31, 2025 
Aggregate fair value  $17,810   $12,688 
Contractual balance   17,601    12,275 
           
Gain  $209   $413 
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 ended March 31, 2026 and 2025:

   

   2026   2025 
         
Gain on loans sold  $2,457   $1,631 
Gain (loss) resulting from the change in fair value of loans held-for-sale   (204)   257 
Gain resulting from the change in fair value of derivatives   86    357 
Gain (loss) resulting from the change in forward contracts   196    (67)
           
Total  $2,535   $2,178 
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 March 31, 2026 and December 31, 2025:

   

Asset Derivatives

 

   March 31, 2026   December 31, 2025 
  

Notional

Amount

  

Fair

Value

  

Notional

Amount

  

Fair

Value

 
Derivatives not designated as hedging instruments:                
IRLCs  $36,795   $438   $20,814   $352 
Forward contracts   74,000    196    0    0 

 

Liability Derivatives

 

   March 31, 2026   December 31, 2025 
  

Notional

Amount

  

Fair

Value

  

Notional

Amount

  

Fair

Value

 
Derivatives not designated as hedging instruments:                    
Forward contracts  $0   $0   $60,500   $(60)