v3.26.1
Mortgage Banking Commitments (Tables)
6 Months Ended
Jun. 30, 2026
Mortgage Banking Commitments  
Schedule of Aggregate Fair Value, Contractual Balance and Gain or Loss for Mortgage Banking Commitments

As of June 30, 2026 and December 31, 2025, the aggregate fair value, contractual balance, and gain or loss were as follows:

   

  

June 30, 2026

   December 31, 2025 
Aggregate fair value  $15,184   $12,688 
Contractual balance   14,757    12,275 
           
Gain  $427   $413 
Schedule of Components of Income From Mortgage Banking Activities

The following table provides the components of income from mortgage banking activities for the three months and six months ended June 30, 2026 and 2025:

   

  

Three Months Ended

June 30, 2026

  

Six Months
Ended

June 30, 2026

 
Gain on loans sold  $2,668   $5,125 
Gain (loss) resulting from the change in fair value of loans held-for-sale   217    13 
Gain resulting from the change in fair value of derivatives   54    140 
Gain (loss) resulting from the change in forward contracts   (239)   (43)
           
Total  $2,700   $5,235 

 

The following table provides the components of income from mortgage banking activities for the three months and six months ended June 30, 2025:

 

  

Three Months Ended

June 30, 2025

  

Six Months
Ended

June 30, 2025

 
         
Gain on loans sold  $2,851   $4,482 
Gain resulting from the change in fair value of loans held-for-sale   268    525 
Gain resulting from the change in fair value of derivatives   403    760 
Gain (loss) resulting from the change in forward contracts   (212)   (279)
           
Total  $3,310   $5,488 
Schedule of Notional Amount and Fair Value of IRLCs and Forward Contracts

The following table presents the notional amount and fair value of IRLCs and forward contracts utilized by the Company at June 30, 2026 and December 31, 2025:

   

Asset Derivatives

 

   June 30, 2026   December 31, 2025 
   Notional Amount   Fair Value   Notional Amount   Fair Value 
Derivatives not designated as hedging instruments:                    
IRLCs  $27,671   $492   $20,814   $352 

 

Liability Derivatives

 

   June 30, 2026   December 31, 2025 
  

Notional Amount

  

Fair

Value

  

Notional Amount

  

Fair Value

 
Derivatives not designated as hedging instruments:                    
Forward contracts  $63,000   $(43)  $60,500   $(60)