v3.26.3
MORTGAGE SERVICING RIGHTS (Tables)
9 Months Ended
Sep. 30, 2026
MORTGAGE SERVICING RIGHTS [Abstract]  
Change in Fair Value of Mortgage Servicing Rights Asset and Other Information
The following table reflects the changes in fair value of the Company’s mortgage servicing rights asset included in the consolidated balance sheets, and other information related to the serviced portfolio, for the periods or dates presented (dollars in thousands):
 
                
 Three Months Ended
September 30,
  Nine Months Ended
September 30,
 
   2026    2025    2026    2025 
Beginning balance$25,749  $25,134  $24,041  $26,292 
Additions 297   249   1,240   832 
Valuation adjustment 1,570   (925)   2,335   (2,666) 
Ending balance$27,616  $24,458  $27,616  $24,458 
 
   September 30,
2026
    December 31,
2025
 
Mortgage loans serviced for others$1,750,079  $1,810,579 
Mortgage servicing rights assets as a percentage of serviced mortgage loans 1.58%  1.33%
Key Assumptions Used in Measuring Fair Value of Mortgage Servicing Rights
The following table reflects the key assumptions used in measuring the fair value of the Company’s mortgage servicing rights as of the dates indicated:
 
        
 September 30,
2026
  December 31,
2025
 
Weighted average constant prepayment rate 6.04%  8.81%
Weighted average discount rate 10.23%  9.70%
Weighted average life in years 8.39   7.43