Mortgage Loan Servicing, Origination, and Mortgage Loans Held for Sale (Tables) |
9 Months Ended |
|---|---|
Sep. 30, 2026 | |
| Mortgage Loan Servicing, Origination, and Mortgage Loans Held for Sale | |
| Summary of changes in the fair value of MSRs and its offsetting hedge |
Three Months Ended
Nine Months Ended
(Dollars in thousands)
September 30, 2026
September 30, 2025
September 30, 2026
September 30, 2025
$ 11,250
$ (412 )
$ 20,568
$ (5,182 )
Decay of MSRs
(2,900 )
(2,721 )
(8,327 )
(6,034 )
(Loss) gain related to derivatives
(9,675 )
289
(13,604 )
3,877
Net effect on Consolidated Statements of Income
$ (1,325 )
$ (2,844 )
$ (1,363 )
$ (7,339 ) |
| Schedule of characteristics and sensitivity analysis of the MSR |
September 30,
December 31,
(Dollars in thousands)
2026
2025
Composition of residential loans serviced for others
Fixed-rate mortgage loans
100.0
%
100.0
% Adjustable-rate mortgage loans
—
%
—
% Total
100.0
%
100.0
% Weighted average life
8.2
years
7.5
years Constant Prepayment rate (CPR)
6.6
%
7.9
% Estimated impact on fair value of a 10% increase
$ (676 )
$ (1,082 )
Estimated impact on fair value of a 20% increase
(1,533 )
(2,101 )
Estimated impact on fair value of a 10% decrease
608
1,142
Estimated impact on fair value of a 20% decrease
1,127
2,333
Weighted average discount rate
9.5
%
10.7
% Estimated impact on fair value of a 10% increase
$ (4,441 )
$ (3,140 )
Estimated impact on fair value of a 20% increase
(8,517 )
(6,208 )
Estimated impact on fair value of a 10% decrease
4,852
3,105
Estimated impact on fair value of a 20% decrease
10,169
5,982
Effect on fair value due to change in interest rates
25 basis point increase
$ 2,491
$ 2,505
50 basis point increase
4,734
4,822
25 basis point decrease
(2,756 )
(2,599 )
50 basis point decrease
(5,755 )
(5,128 ) |