v3.26.1
Mortgage Servicing Rights (Tables)
6 Months Ended
Jun. 30, 2026
Transfers and Servicing [Abstract]  
Schedule of Change in Balance of Mortgage Servicing Assets
A summary of the change in the balance of mortgage servicing assets during the periods indicated were as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Beginning balance, at fair value$4,096 $4,688 $4,183 $4,769 
Servicing rights that result from transfers and sale of financial assets62 30 115 48 
Changes in fair value:
Due to changes in model inputs or assumptions and other(1)
119 (80)(21)(179)
Ending balance, at fair value$4,277 $4,638 $4,277 $4,638 
(1) Represents changes due to collection/realization of expected cash flows and curtailments.
Schedule of Mortgage Service Rights Assumptions
The key economic assumptions used in determining the fair value of mortgage servicing rights at the dates indicated are as follows:
June 30, 2026December 31, 2025
Prepayment speed (Public Securities Association “PSA” model)125 %125 %
Weighted-average life10.0 years10.1 years
Weighted average discount rate10.0 %10.0 %
Average debt service cost per residential loan$96.00 $96.00