v3.26.1
Mortgage Loans Held for Sale
6 Months Ended
Jun. 30, 2026
Receivable, Held-for-Sale [Abstract]  
Mortgage Loans Held for Sale

Note 4. Mortgage Loans Held-for-Sale

The following table provides the fair value and contractual principal balance outstanding of mortgage loans held-for-sale accounted for under the fair value option:

 

 

 

June 30,

 

 

December 31,

 

 

 

2026

 

 

2025

 

 

 

(in thousands)

 

Mortgage loans held-for-sale, at fair value

 

$

3,050

 

 

$

3,388

 

Mortgage loans held-for-sale, contractual principal outstanding

 

 

2,996

 

 

 

3,337

 

Fair value less unpaid principal balance

 

$

54

 

 

$

51

 

 

At June 30, 2026 and December 31, 2025, the Company had 6 loans and 10 loans in the amount of $3.1 million and $3.4 million, respectively, that were classified as held-for-sale and accounted for under the fair value option accounting guidance for financial assets and financial liabilities.

 

At June 30, 2026 and December 31, 2025, there were no mortgage loans held for sale, at fair value that were greater than 90 days past due and non-accrual with a substandard risk rating.