MORTGAGE SERVICING RIGHTS

6 Months Ended

Jun. 30, 2025

MORTGAGE SERVICING RIGHTS [Abstract]

MORTGAGE SERVICING RIGHTS

5.  MORTGAGE SERVICING RIGHTS

The following table reflects the changes in fair value of the Company’s mortgage servicing rights asset included in the Consolidated Balance Sheets, and other information related to the serviced portfolio, for the periods or dates presented (dollars in thousands):

	Three Months Ended June 30,						Six Months Ended June 30,
	2025			2024			2025			2024
Beginning balance	$	24,906		$	26,843		$	26,292		$	26,569
Additions		384			263			583			482
Valuation adjustment		(156	)		(680	)		(1,741	)		(625	)
Ending balance	$	25,134		$	26,426		$	25,134		$	26,426

	June 30,			December 31,
	2025			2024
Mortgage loans serviced for others	$	1,859,358		$	1,903,854
Mortgage servicing rights assets as a percentage of serviced mortgage loans		1.35	%		1.38	%

The following table reflects the key assumptions used in measuring the fair value of the Company’s mortgage servicing rights as of the dates indicated:

	June 30,			December 31,
	2025			2024
Weighted average constant prepayment rate		7.31	%		7.16	%
Weighted average discount rate		10.19	%		10.17	%
Weighted average life in years		7.98			8.09