Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

The following table sets forth the other intangible assets activity (in thousands):


	December 31, 2024						December 31, 2023
	Gross Carrying Value		Accumulated Amortization		Total		Gross Carrying Value		Accumulated Amortization		Total
Finite‑lived intangible assets:
Broker relationships	$	25,000	$	(25,000)	$	—	$	25,000	$	(23,307)	$	1,693
Borrower relationships	14,400		(12,180)		2,220		14,400		(10,740)		3,660
Below market leases	4,010		(3,737)		273		4,010		(3,611)		399
Infinite‑lived intangible assets:
Fannie Mae DUS license	17,100		—		17,100		17,100		—		17,100
Freddie Mac Program Plus license	8,700		—		8,700		8,700		—		8,700
FHA license	3,200		—		3,200		3,200		—		3,200
	$	72,410	$	(40,917)	$	31,493	$	72,410	$	(37,658)	$	34,752

Summary of Future Amortization Expense

The expected amortization of capitalized MSRs recorded at December 31, 2024 is as follows (in thousands):


Year	Amortization
2025	$	69,382
2026	64,023
2027	59,510
2028	52,288
2029	43,178
Thereafter	80,297
Total	$	368,678

At December 31, 2024, the weighted average remaining lives of our amortizable finite-lived intangible assets and the estimated annual amortization expense are as follows ($ in thousands):


	Wtd. Avg. Remaining Life (in years)	Estimated Amortization Expense for the Years Ending December 31,
		2025		2026		2027
Finite‑lived intangible assets:

Borrower relationships	1.5	$	1,440	$	780	$	—
Below market leases	2.2	126		126		21
	1.6	$	1,566	$	906	$	21