MORTGAGE BANKING ACTIVITIES (Tables) |
6 Months Ended |
|---|---|
Jun. 30, 2025 | |
| Mortgage Banking Activities [Abstract] | |
| Mortgage Banking Revenue |
Three Months Ended June 30,
Six Months Ended June 30,
(Dollars in Thousands)
2025
2024
2025
2024
Net realized gains on sales of mortgage loans
$
3,605
$
3,159
$
6,485
$
4,835
Net change in unrealized
for sale
(62)
76
171
169
Net change in the fair value of IRLC's
(91)
(37)
405
167
Net change in the fair value of forward sales contracts
(109)
132
(285)
264
Pair-Offs on net settlement of forward sales contracts
16
152
(169)
210
Mortgage servicing rights additions
24
92
44
242
Net origination fees
807
807
1,359
1,372
Total mortgage banking
$
4,190
$
4,381
$
8,010
$
7,259
|
| Summary of Mortgage Servicing Rights |
(Dollars in Thousands)
June 30, 2025
December 31, 2024
Number of residential mortgage loans serviced for others
465
504
Outstanding principal balance of residential mortgage loans serviced
$
123,895
$
135,416
Weighted average
5.71%
5.86%
Remaining contractual term (in months)
353
348
|
| Capitalized Mortgage Servicing Rights |
Three Months Ended June 30,
Six Months Ended June 30,
(Dollars in Thousands)
2025
2024
2025
2024
Beginning balance
$
908
$
919
$
933
$
831
Additions due to loans sold with servicing retained
24
92
44
242
Deletions and amortization
(43)
(46)
(88)
(108)
Ending balance
$
889
$
965
$
889
$
965
|
| Key Unobservable Inputs Used in Determining the Fair Value of Mortgage Servicing Rights |
June 30, 2025
December 31, 2024
Minimum
Maximum
Minimum
Maximum
Discount rates
9.50%
12.00%
9.50%
12.00%
Annual prepayment speeds
9.59%
18.60%
9.14%
18.88%
Cost of servicing (per loan)
$
85
$
95
$
85
$
95
|
| Warehouse Line Borrowings |
Amounts
(Dollars in Thousands)
Outstanding
$
20
2.25%
3.25%
, with a floor rate of
3.25%
4.25%
.
0.1
$
12,446
$
25
June 2026
.
2.50%
3.00%
.
279
Total Warehouse
$
12,725
|