XML 36 R26.htm IDEA: XBRL DOCUMENT v3.25.3
Mortgage Banking Activities (Tables)
 9 Months Ended
Sep. 30, 2025
Mortgage Banking [Abstract]  
Components of Residential Mortgage Loans Held For Sale [Table Text Block]
 September 30, 2025December 31, 2024
 Unpaid Principal Balance/
Notional		Fair ValueUnpaid Principal Balance/
Notional		Fair Value
Residential mortgage loans held for sale$97,977 $98,121 $77,080 $75,969 
Residential mortgage loan commitments67,842 2,072 36,590 1,119 
Forward sales contracts107,000 (133)82,000 473 
  $100,060  $77,561 
Mortgage Banking Revenue [Table Text Block]
Mortgage banking revenue was as follows (in thousands):
 Three Months Ended
September 30,		Nine Months Ended
September 30,
 2025202420252024
Production revenue:  
Net realized gains on sale of mortgage loans$2,202 $2,085 $5,104 $6,449 
Net change in unrealized gain (loss) on mortgage loans held for sale
(154)(190)1,255 59 
Net change in the fair value of mortgage loan commitments(345)13 953 579 
Net change in the fair value of forward sales contracts667 (345)(606)370 
Total mortgage production revenue
2,370 1,563 6,706 7,457 
Servicing revenue17,394 16,809 51,866 48,510 
Total mortgage banking revenue$19,764 $18,372 $58,572 $55,967 
Summary of Mortgage Servicing Rights [Table Text Block]
The following represents a summary of mortgage servicing rights (dollars in thousands):
 September 30, 2025December 31, 2024
Number of residential mortgage loans serviced for others124,909 125,728 
Outstanding principal balance of residential mortgage loans serviced for others$22,145,687 $22,269,513 
Weighted average interest rate3.82 %3.73 %
Remaining term (in months)272276
Activity in Capitalized Mortgage Servicing Rights [Table Text Block]
The following represents activity in capitalized mortgage servicing rights (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Beginning Balance$334,644 $333,246 $338,145 $293,884 
Additions3,403 3,842 8,975 10,812 
Acquisitions— 3,334 14,615 34,755 
Change in fair value due to principal payments(9,273)(8,049)(20,702)(21,508)
Change in fair value due to market assumption changes(2,375)(16,453)(14,634)(2,023)
Ending Balance$326,399 $315,920 $326,399 $315,920 
Assumptions to Value Mortgage Servicing Rights [Table Text Block]
Mortgage servicing rights are not traded in active markets. Fair value is determined by discounting the projected net cash flows. Significant market assumptions used to determine fair value based on significant unobservable inputs were as follows:
 September 30, 2025December 31, 2024
Discount rate – risk-free rate plus a market premium9.21%9.60%
Prepayment rate – based upon loan interest rate, original term, and loan type
7.10%7.09%
Loan servicing costs – annually per loan based upon loan type:
Performing loans
$73 - $94
$73 - $94
Delinquent loans
$150 - $500
$150 - $500
Loans in foreclosure
$875 - $6,000
$875 - $6,000
Escrow earnings rate – indexed to rates paid on deposit accounts with comparable average life
3.58%4.44%
Primary/secondary mortgage rate spread
128 bps115 bps
Delinquency rate
2.24%2.19%