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Servicing Assets | 12 Months Ended
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Dec. 31, 2025
Transfers and Servicing [Abstract] |
Servicing Assets | Servicing Assets The Company sells SBA and certain residential mortgage loans with servicing retained. SBA loans are included in commercial real estate loans and commercial and industrial loans. The Company sold loans of $85.8 million, $71.1 million and $82.3 million, respectively, with the servicing rights retained and recognized a net gain on sale of $4.6 million, $3.8 million and $3.6 million, respectively, during the years ended December 31, 2025, 2024 and 2023. Loan servicing income was $2.9 million, $3.4 million and $3.3 million for the years ended December 31, 2025, 2024 and 2023, respectively. The following table presents the composition of servicing assets with key assumptions used to estimate the fair value as of the dates indicated:
|  | December 31,
|  | 2025 |  | 2024
($ in thousands) |  | Residential Mortgage |  | CRE SBA |  | C&I SBA |  | Total |  | Residential Mortgage |  | CRE SBA |  | C&I SBA |  | Total
Carrying amount |  | $ | 34 |  |  | $ | 4,900 |  |  | $ | 693 |  |  | $ | 5,627 |  |  | $ | 42 |  |  | $ | 5,226 |  |  | $ | 569 |  |  | $ | 5,837 |
Fair value |  | $ | 80 |  |  | $ | 8,906 |  |  | $ | 1,101 |  |  | $ | 10,087 |  |  | $ | 84 |  |  | $ | 7,750 |  |  | $ | 894 |  |  | $ | 8,728 |
Discount rates |  | 7.85 | % |  | 12.75 | % |  | 12.75 | % |  |  |  | 7.85 | % |  | 12.14 | % |  | 15.85 | % |  |
Prepayment speeds |  | 12.52 | % |  | 16.67 | % |  | 16.17 | % |  |  |  | 13.93 | % |  | 17.82 | % |  | 13.02 | % |  |
Weighted average remaining life |  | 17.7 years |  | 19.9 years |  | 7.4 years |  |  |  | 23.8 years |  | 20.7 years |  | 7.4 years |  |
Underlying loans being serviced |  | $ | 7,550 |  |  | $ | 425,876 |  |  | $ | 68,982 |  |  | $ | 502,408 |  |  | $ | 9,072 |  |  | $ | 445,601 |  |  | $ | 70,909 |  |  | $ | 525,582 |
The Company maintained custodial escrow accounts of $144 thousand and $1.8 million, respectively, at December 31, 2025 and 2024 for the above sold loans being serviced. The following table presents activity in servicing assets for the periods indicated:
($ in thousands) |  | Residential Mortgage |  | CRE SBA |  | C&I SBA |  | Total
Balance at January 1, 2023 |  | $ | 64 |  |  | $ | 6,831 |  |  | $ | 452 |  |  | $ | 7,347 |
Additions |  | — |  |  | 983 |  |  | 219 |  |  | 1,202 |
Amortization |  | (15) |  |  | (1,679) |  |  | (189) |  |  | (1,883) |
Balance at December 31, 2023 |  | 49 |  |  | 6,135 |  |  | 482 |  |  | 6,666 |
Additions |  | — |  |  | 648 |  |  | 287 |  |  | 935 |
Amortization |  | (7) |  |  | (1,557) |  |  | (200) |  |  | (1,764) |
Balance at December 31, 2024 |  | 42 |  |  | 5,226 |  |  | 569 |  |  | 5,837 |
Additions |  | — |  |  | 1,425 |  |  | 445 |  |  | 1,870 |
Amortization |  | (8) |  |  | (1,751) |  |  | (321) |  |  | (2,080) |
Balance at December 31, 2025 |  | $ | 34 |  |  | $ | 4,900 |  |  | $ | 693 |  |  | $ | 5,627 |

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- Definition The entire disclosure for a transferor's continuing involvement in financial assets that it has transferred in a securitization or asset-backed financing arrangement, the nature of any restrictions on assets reported by an entity in its statement of financial position that relate to a transferred financial asset (including the carrying amounts of such assets), how servicing assets and servicing liabilities are reported, and (for securitization or asset-backed financing arrangements accounted for as sales) when a transferor has continuing involvement with the transferred financial assets and transfers of financial assets accounted for as secured borrowings, how the transfer of financial assets affects an entity's financial position, financial performance, and cash flows. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI 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