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LOAN SERVICING RIGHTS (Tables) | 12 Months Ended
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Dec. 31, 2024
Transfers and Servicing [Abstract] |
Schedule of Other Mortgage Notes Serviced and Changes in our Mortgage Servicing Rights | A summary of loan servicing rights at December 31, 2024 and December 31, 2023 is as follows:
| December 31, 2024 |  | December 31, 2023
(dollars in thousands) | Serviced Loans |  | Carrying Value |  | Serviced Loans |  | Carrying Value
Commercial FHA | $ | 1,904,843 |  |  | $ | 17,053 |  |  | $ | 2,084,961 |  |  | $ | 19,273 |
SBA | 42,152 |  |  | 451 |  |  | 42,685 |  |  | 549 |
Residential | 197,161 |  |  | 338 |  |  | 225,067 |  |  | 431 |
Total | $ | 2,144,156 |  |  | $ | 17,842 |  |  | $ | 2,352,713 |  |  | $ | 20,253 |
Changes in our commercial FHA loan servicing rights for the years ended December 31, 2024, 2023 and 2022 are summarized as follows:
|  |  | Years Ended December 31,
(dollars in thousands) |  |  |  |  | 2024 |  | 2023 |  | 2022
Loan servicing rights: |  |  |  |  |  |  |  |  |
Balance, beginning of period |  |  |  |  | $ | 19,273 |  |  | $ | — |  |  | $ | 27,386 |
Servicing rights transferred from (to) held for sale |  |  |  |  | — |  |  | 20,473 |  |  | (23,995) |
Amortization |  |  |  |  | (2,220) |  |  | (1,200) |  |  | (1,907) |
Refinancing fee received from third party |  |  |  |  | — |  |  | — |  |  | (221) |
Permanent impairment |  |  |  |  | — |  |  | — |  |  | (1,263) |
Balance, end of period |  |  |  |  | $ | 17,053 |  |  | $ | 19,273 |  |  | $ | — |
Fair value: |  |  |  |  |  |  |  |  |
At beginning of period |  |  |  |  | $ | 32,469 |  |  | $ | — |  |  | $ | 28,368 |
At end of period |  |  |  |  | 25,916 |  |  | 32,469 |  |  | — |

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- Definition Tabular disclosure of activity in the balance of servicing assets subsequently measured at amortized cost. Includes, but is not limited to, beginning and ending balances, additions, disposals, and amortization. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 860 -SubTopic 50 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481229/860-50-50-4 + Details
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- References No definition available. + Details
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