| Schedule of Capitalized MSR Activity |
A summary of our capitalized MSR activity is as follows ($ in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2026 | | Six Months Ended June 30, 2026 | | Originated | | Acquired | | Total | | Originated | | Acquired | | Total | | Beginning balance | $ | 329,621 | | | $ | 2,308 | | | $ | 331,929 | | | $ | 338,174 | | | $ | 2,668 | | | $ | 340,842 | | | Additions | 13,051 | | | — | | | 13,051 | | | 23,478 | | | — | | | 23,478 | | | Amortization | (17,954) | | | (293) | | | (18,247) | | | (35,907) | | | (633) | | | (36,540) | | | Write-downs and payoffs | (2,826) | | | (20) | | | (2,846) | | | (3,853) | | | (40) | | | (3,893) | | | Ending balance | $ | 321,892 | | | $ | 1,995 | | | $ | 323,887 | | | $ | 321,892 | | | $ | 1,995 | | | $ | 323,887 | | | | | | | | | | | | | | | Three Months Ended June 30, 2025 | | Six Months Ended June 30, 2025 | | Beginning balance | $ | 353,005 | | | $ | 4,215 | | | $ | 357,220 | | | $ | 363,861 | | | $ | 4,817 | | | $ | 368,678 | | | Additions | 10,931 | | | — | | | 10,931 | | | 20,337 | | | — | | | 20,337 | | | Amortization | (17,264) | | | (503) | | | (17,767) | | | (34,459) | | | (1,066) | | | (35,525) | | | Write-downs and payoffs | (2,042) | | | (16) | | | (2,058) | | | (5,109) | | | (55) | | | (5,164) | | | Ending balance | $ | 344,630 | | | $ | 3,696 | | | $ | 348,326 | | | $ | 344,630 | | | $ | 3,696 | | | $ | 348,326 | |
|
| Schedule of Expected Amortization of Capitalized MSRs |
The expected amortization of capitalized MSRs recorded at June 30, 2026 is as follows ($ in thousands): | | | | | | | | | | Year | | Amortization | | 2026 (six months ending 12/31/2026) | | $ | 36,457 | | | 2027 | | 69,887 | | | 2028 | | 63,144 | | | 2029 | | 54,278 | | | 2030 | | 40,210 | | | Thereafter | | 59,911 | | | Total | | $ | 323,887 | |
|