v3.26.1
Servicing Assets (Tables)
6 Months Ended
Jun. 30, 2026
Transfers and Servicing [Abstract]  
Schedule of Activity Pertaining to Servicing Rights
The following table summarizes the activity pertaining to servicing rights measured at fair value:
Three Months Ended
June 30,
Six Months Ended
June 30,
2026202520262025
Balance at beginning of period$64,520 $56,684 $62,941 $55,788 
Additions, net6,333 6,458 11,400 12,082 
Fair value changes:
Due to changes in valuation inputs or assumptions426 (125)464 (1,220)
Decay due to increases in principal paydowns or runoff(4,704)(2,932)(8,230)(6,565)
Balance at end of period$66,575 $60,085 $66,575 $60,085 
Schedule of Sensitivity of Current Fair Value of Servicing Assets
The table below reflects the sensitivity of the current fair value of servicing assets to immediate adverse changes in the above key assumptions with all other assumptions remaining static:
As of June 30, 2026As of December 31, 2025
Fair value of servicing rights$66,575$62,941
Incremental Increase (Decrease) in ValueIncremental Increase (Decrease) in Value
Prepayment Speed
20% increase($4,273)($3,794)
10% increase(2,149)(1,830)
Discount Rate
200 basis point increase(2,924)(2,586)
100 basis point increase(1,432)(1,189)