MORTGAGE BANKING ACTIVITIES (Tables) |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Mortgage Banking Activities [Abstract] | |
| Mortgage Banking Revenue |
Three Months Ended March 31,
(Dollars in Thousands)
2026
2025
Net realized gains on sales of mortgage loans
$
2,950
$
2,880
Net change in unrealized gain on mortgage loans held for sale
(41)
234
Net change in the fair value of IRLC's
273
495
Net change in the fair value of forward sales contracts
209
(175)
Pair-Offs on net settlement of forward sales contracts
76
(186)
Mortgage servicing rights additions
26
20
Net origination fees
759
552
Total mortgage banking
$
4,252
$
3,820
|
| Summary of Mortgage Servicing Rights |
(Dollars in Thousands)
March 31, 2026
December 31, 2025
Number of residential mortgage loans serviced for others
461
456
Outstanding principal balance of residential mortgage loans serviced
$
121,396
$
118,429
Weighted average
5.69%
5.69%
Remaining contractual term (in months)
354
354
|
| Capitalized Mortgage Servicing Rights |
Three Months Ended
March 31,
(Dollars in Thousands)
2026
2025
Beginning balance
$
924
$
933
Additions due to loans sold with servicing retained
26
20
Deletions and amortization
(47)
(45)
Ending balance
$
903
$
908
|
| Key Unobservable Inputs Used in Determining the Fair Value of Mortgage Servicing Rights |
March 31, 2026
December 31, 2025
Minimum
Maximum
Minimum
Maximum
Discount rates
9.50%
12.00%
9.50%
12.00%
Annual prepayment speeds
9.11%
18.33%
8.50%
18.73%
Cost of servicing (per loan)
$
85
$
95
$
85
$
95
|
| Warehouse Line Borrowings |
Amounts
(Dollars in Thousands)
Outstanding
$
30
financing rate (SOFR) rate plus
2.25%
3.25%
, with a floor rate of
3.25%
4.25%
.
$
0.1
$
17,662
$
25
June 2026
.
2.50%
to
3.00%
, with a floor rate of
3.00%
3.50%
.
11,053
Total Warehouse
$
28,715
|