LOAN SALES AND MORTGAGE SERVICING RIGHTS |
9 Months Ended |
|---|---|
Sep. 30, 2025 | |
| LOAN SALES AND MORTGAGE SERVICING RIGHTS | |
| LOAN SALES AND MORTGAGE SERVICING RIGHTS | NOTE 8: LOAN SALES AND MORTGAGE SERVICING RIGHTS The Company has retained servicing rights for the majority of the loans sold and recognized mortgage servicing rights in connection with multifamily loan sale transactions that have occurred in the current and prior years. As of September 30, 2025, mortgage servicing rights totaled $7.4 million with no valuation allowance. At December 31, 2024, mortgage servicing rights totaled $6.4 million with no valuation allowance. Mortgage servicing rights are classified as a component of other assets in the accompanying consolidated balance sheets. The amount of loans serviced for others totaled $1.7 billion and $1.3 billion at September 30, 2025 and December 31, 2024, respectively. Servicing fees collected for the nine-month periods ended September 30, 2025 and 2024 totaled $3.3 million and $1.8 million, respectively. There were no loan sale or purchase transactions that resulted in the recognition of mortgage servicing rights in the nine-month period ended September 30, 2024. |