MORTGAGE BANKING ACTIVITIES (Tables) |
9 Months Ended |
|---|---|
Sep. 30, 2025 | |
| Mortgage Banking Activities [Abstract] | |
| Mortgage Banking Revenue |
Three Months Ended
September 30,
Nine Months Ended
September 30,
(Dollars in Thousands)
2025
2024
2025
2024
Net realized gains on sales of mortgage loans
$
3,871
$
3,664
$
10,356
$
8,499
Net change in unrealized gain on mortgage loans held for sale
130
143
302
312
Net change in the fair value of IRLC's
(45)
(135)
359
32
Net change in the fair value of forward sales contracts
199
(52)
(85)
212
Pair-Offs on net settlement of forward
(234)
(383)
(404)
(173)
Mortgage servicing rights additions
40
50
84
292
Net origination fees
833
679
2,192
2,051
Total mortgage banking
$
4,794
$
3,966
$
12,804
$
11,225
|
| Summary of Mortgage Servicing Rights |
(Dollars in Thousands)
September 30, 2025
December 31, 2024
Number of residential mortgage loans serviced for others
464
504
Outstanding principal balance of residential mortgage loans serviced
$
121,767
$
135,416
Weighted average
5.74%
5.86%
Remaining contractual term (in months)
353
348
|
| Capitalized Mortgage Servicing Rights |
Three Months Ended
September 30,
Nine Months Ended
September 30,
(Dollars in Thousands)
2025
2024
2025
2024
Beginning balance
$
889
$
965
$
933
$
831
Additions due to loans sold with servicing retained
40
50
84
292
Deletions and amortization
(44)
(46)
(132)
(154)
Ending balance
$
885
$
969
$
885
$
969
|
| Key Unobservable Inputs Used in Determining the Fair Value of Mortgage Servicing Rights |
September 30, 2025
December 31, 2024
Minimum
Maximum
Minimum
Maximum
Discount rates
9.50%
12.00%
9.50%
12.00%
Annual prepayment speeds
9.83%
18.89%
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
$
326
$
25
June 2026
.
2.50%
3.00%
.
14,289
Total Warehouse
$
14,615
|