v3.26.1
Note 4 - Mortgage Servicing Rights (Tables)
6 Months Ended
Jun. 30, 2026
Notes Tables  
Servicing Asset at Amortized Cost [Table Text Block]

 

 

At or For the Three Months Ended

 

 

 

June 30,

 

 

 

2026

 

 

2025

 

Beginning balance, at the lower of cost or fair value

 

$8,676

 

 

$8,926

 

Additions

 

 

949

 

 

 

424

 

MSRs amortized

 

 

(717)

 

 

 

(660)

Recovery of MSRs

 

 

4

 

 

 

(38)

Ending balance, at the lower of cost or fair value

 

$8,912

 

 

$8,652

 

 

 

At or For the Six Months Ended

 

 

 

June 30,

 

 

 

2026

 

 

2025

 

Beginning balance, at the lower of cost or fair value

 

$8,608

 

 

$9,204

 

Additions

 

 

1,815

 

 

 

732

 

MSRs amortized

 

 

(1,570)

 

 

 

(1,255)

Recovery (impairment) of MSRs

 

 

59

 

 

 

(29)

Ending balance, at the lower of cost or fair value

 

$8,912

 

 

$8,652

 

Schedule of Servicing Assets at Fair Value [Table Text Block]

 

 

June 30,

 

 

December 31,

 

 

 

2026

 

 

2025

 

Aggregate portfolio principal balance

 

$

1,706,939

 

 

$

1,673,501

 

Weighted average rate of loans in MSRs portfolio

 

 

4.5

%

 

 

4.4

%

Fair value MSRs

 

$

23,202

 

 

$

21,800

 

Weighted average life in years

 

 

7.9

 

 

 

7.7

 

Weighted average constant prepayment rate

 

 

7.9

%

 

 

8.5

%

Decline in fair value from 10% adverse change (prepayment)

 

$

761

 

 

$

736

 

Decline in fair value from 20% adverse change (prepayment)

 

$

1,185

 

 

$

1,253

 

Effective discount rate

 

 

9.1

%

 

 

9.1

%

Decline in fair value from 10% adverse change (discount rate)

 

$

970

 

 

$

899

 

Decline in fair value from 20% adverse change (discount rate)

 

$

1,868

 

 

$

1,730