Note 4 - Mortgage Servicing Rights |
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| Transfers and Servicing of Financial Assets [Text Block] |
NOTE 4. MORTGAGE SERVICING RIGHTS
The Company is servicing mortgage loans for the benefit of others which are not included in the condensed consolidated statements of financial condition and have unpaid principal balances of $1,963,126,000 and $1,976,243,000 at September 30, 2026 and December 31, 2025, respectively. Servicing loans for others generally consists of collecting mortgage payments, maintaining escrow accounts, disbursing payments to investors and foreclosure processing. Mortgage loan servicing fees were $1,231,000 and $1,179,000 for the three months ended September 30, 2026 and 2025, respectively. Mortgage loan servicing fees were $3,692,000 and $3,690,000 for the nine months ended September 30, 2026 and 2025, respectively. These fees, net of amortization, are included in mortgage banking, net, which is a component of noninterest income on the condensed consolidated statements of income.
Custodial balances maintained in connection with the foregoing loan servicing are included in noninterest checking deposits and were $21,382,000 and $15,598,000 at September 30, 2026 and December 31, 2025, respectively.
The following is a summary of activity in mortgage servicing rights:
The fair values of these mortgage servicing rights were $20,100,000 and $20,302,000 at September 30, 2026 and December 31, 2025, respectively. The fair value of mortgage servicing rights was determined at loan level, depending on the interest rate and term of the specific loan, using the following valuation assumptions:
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