Mortgage Servicing Rights (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Transfers and Servicing [Abstract] |
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| Schedule of Unpaid Principal Loan Balance of Servicing Portfolio |
The unpaid principal loan balance of our servicing portfolio is presented in the following table as of: | | | | | | | | | | | | | June 30,
2026 | | December 31,
2025 | | Federal National Mortgage Association | $ | 2,729,043 | | | $ | 2,674,584 | | | Federal Home Loan Mortgage Corporation | 3,784,974 | | | 2,058,343 | | | Government National Mortgage Association | 1,482,594 | | | 1,420,376 | | | Federal Home Loan Bank | 215,346 | | | 121,476 | | | Other | 18,470 | | | 1,012 | | | Total | $ | 8,230,426 | | | $ | 6,275,791 | |
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| Schedule of Mortgage Servicing Rights at Fair Value |
The activity of MSRs carried at fair value is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the three months ended June 30, | | For the six months ended June 30, | | | | | | 2026 | | 2025 | | 2026 | | 2025 | | | | | | Balance, beginning of period | $ | 88,993 | | | $ | 82,927 | | | $ | 86,651 | | | $ | 84,258 | | | | | | | Additions: | | | | | | | | | | | | | Addition due to acquisition of First Foundation Inc. | 7,651 | | | — | | | 7,651 | | | — | | | | | | | Servicing resulting from transfers of financial assets | 5,459 | | | 4,120 | | | 9,730 | | | 6,773 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Changes in fair value: | | | | | | | | | | | | | Due to changes in valuation inputs or assumptions used in the valuation model | 843 | | | 73 | | | 2,193 | | | (1,316) | | | | | | | Changes in fair value due to pay-offs, pay-downs, and runoff | (3,210) | | | (2,384) | | | (6,489) | | | (4,979) | | | | | | | Balance, end of period | $ | 99,736 | | | $ | 84,736 | | | $ | 99,736 | | | $ | 84,736 | | | | | |
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| Schedule of Weighted-Average key Assumptions Used to Estimate Fair Value of Mortgage Servicing Rights |
The following represents the weighted-average key assumptions used to estimate the fair value of MSRs as of: | | | | | | | | | | | | | | | | | | | | | June 30,
2026 | | December 31,
2025 | | June 30,
2025 | | | | Discount rate | 9.77 | % | | 9.81 | % | | 10.00 | % | | | | Total prepayment speeds | 8.08 | % | | 9.04 | % | | 8.57 | % | | | | Cost of servicing each loan | $91 per loan | | $91 per loan | | $91 per loan | | |
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| Schedule of Servicing and Ancillary Fees from Mortgage Servicing Portfolio |
Total servicing and ancillary fees earned from the mortgage servicing portfolio are presented in the following table: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the three months ended June 30, | | For the six months ended June 30, | | | | | | 2026 | | 2025 | | 2026 | | 2025 | | | | | | Servicing fees | $ | 6,043 | | | $ | 4,409 | | | $ | 10,741 | | | $ | 8,669 | | | | | | | Late and ancillary fees | 273 | | | 231 | | | 544 | | | 476 | | | | | | | Total | $ | 6,316 | | | $ | 4,640 | | | $ | 11,285 | | | $ | 9,145 | | | | | |
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