v3.26.1
Mortgage Banking Activities (Tables)
6 Months Ended
Jun. 30, 2026
Transfers and Servicing [Abstract]  
Schedule of Components of Mortgage Banking Revenue
Included in mortgage banking revenues in the accompanying consolidated statements of income for June 30, 2026 and 2025 are the following:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
(dollars in thousands)
Gains on sale of mortgage loans$6,826 $7,730 $$13,109 $13,260 
Fees on real estate loans sold
607 517 1,149906
Gains on interest rate lock commitments (IRLC) and associated hedging365 10 234 (85)
Servicing fees2,817 2,882 5,6595,785
Mortgage banking revenues, net$10,615 $11,139 $$20,151 $19,866 
Schedule of Weighted Average Assumptions Used in the Calculation of Fair Value of MSRs
The following assumptions were used in determining the fair value of the capitalized mortgage servicing rights:
Six Months Ended June 30,
20262025
Discount rate9.16%9.16%
Prepayment speed6.70%6.40%
Delinquency rate1.00%0.91%
Schedule of Changes to MSRs
A summary of the mortgage servicing rights is as follows:
Six Months Ended June 30,
20262025
(dollars in thousands)
Balance at beginning of period$29,391 $30,423 
Capitalized mortgage servicing rights3,708 2,051 
Amortization(3,125)(2,918)
Change in valuation allowance
Balance at end of period$29,974 $29,556