v3.26.1
Other Assets (Tables)
6 Months Ended
Jun. 30, 2026
Other Assets.  
Schedule of estimated future amortization expense for MSRs

Amortization of mortgage servicing rights (“MSRs”) were $0.2 million for both three months ended June 30, 2026 and 2025, and $0.4 million for both six months ended June 30, 2026 and 2025. The estimated future amortization expenses for MSRs over the next five years are as follows:

​

​

​

​

​

​

​

Estimated

(dollars in thousands)

  ​

Amortization

Under one year

​

$

595

One to two years

​

​

529

Two to three years

​

​

472

Three to four years

​

​

419

Four to five years

​

​

373

Schedule of details of the Company's MSRs

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​

​

​

​

​

​

​

​

​

June 30, 

​

December 31, 

(dollars in thousands)

 

2026

  ​

2025

Gross carrying amount

​

$

70,202

​

$

70,096

Less: accumulated amortization

​

​

65,900

​

​

65,458

Net carrying value

​

$

4,302

​

$

4,638

​

​

​

​

​

​

​

Schedule of changes in amortized MSRs

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended June 30, 

​

Six Months Ended June 30, 

(dollars in thousands)

  ​

2026

  ​

2025

  ​

2026

  ​

2025

Balance at beginning of period

​

$

4,470

​

$

4,926

​

$

4,638

​

$

5,078

Originations

​

​

60

​

​

53

​

​

106

​

​

104

Amortization

​

​

(228)

​

​

(151)

​

​

(442)

​

​

(354)

Balance at end of period

​

$

4,302

​

$

4,828

​

$

4,302

​

$

4,828

Fair value of amortized MSRs at beginning of period

​

$

12,016

​

$

13,357

​

$

12,364

​

$

13,404

Fair value of amortized MSRs at end of period

​

$

12,216

​

$

13,042

​

$

12,216

​

$

13,042

Schedule of quantitative assumptions used in determining lower of cost or fair value of MSRs

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

June 30, 2026

​

December 31, 2025

​

​

​

​

​

​

​

​

Weighted

​

​

​

​

​

​

Weighted

​

​

  ​

Range

​

Average

​

Range

​

Average

​

Conditional prepayment rate

​

6.28

%

-

6.76

%

6.63

%

6.31

%

-

7.00

%

6.83

%

Life in years (of the MSR)

​

6.06

​

-

7.06

​

6.96

​

6.18

​

-

7.09

​

6.93

​

Weighted-average coupon rate

​

3.78

%

-

4.10

%

3.84

%

3.77

%

-

4.10

%

3.84

%

Discount rate

​

10.39

%

-

10.48

%

10.43

%

10.37

%

-

10.45

%

10.40

%