v3.26.1
MORTGAGE SERVICING RIGHTS (Tables)
6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Schedule of gross carrying value and accumulated amortization related to intangible assets The following table presents mortgage loans serviced for others by investor:
(dollars in thousands)June 30, 2026December 31, 2025
Mortgage loan portfolio serviced for:
Federal National Mortgage Association$720,516 $741,186 
Federal Home Loan Mortgage Corporation409,672 429,933 
Federal Home Loan Bank286 303 
Total loans serviced for others$1,130,474 $1,171,422 

The following tables present changes in the carrying value and the fair market value of mortgage servicing rights for the periods presented:

Three Months EndedSix Months Ended
(dollars in thousands)June 30, 2026June 30, 2025June 30, 2026June 30, 2025
Beginning balance$8,520 $8,418 $8,672 $8,473 
Additions57 223 170 360 
Amortization(213)(205)(478)(397)
Ending balance$8,364 $8,436 $8,364 $8,436 
Fair market value, beginning balance$11,642 $12,079 $11,301 $12,387 
Fair market value, ending balance$11,467 $11,897 $11,467 $11,897 
Schedule of fair market value and key assumptions used in determining the fair market value of our mortgage servicing rights
The following table presents the key assumptions used in estimating the fair market value of MSRs as of the dates presented:

June 30, 2026December 31, 2025
Weighted average discount rate9.5 %9.5 %
Weighted average prepayment speed assumption11.2 12.3