MORTGAGE SERVICING RIGHTS

6 Months Ended

Jun. 30, 2026

MORTGAGE SERVICING RIGHTS [Abstract]

MORTGAGE SERVICING RIGHTS

6.  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,
	2026		2025			2026		2025
Beginning balance	$	24,611	$	24,906		$	24,041	$	26,292
Additions		623		384			943		583
Valuation adjustment		515		(156	)		765		(1,741	)
Ending balance	$	25,749	$	25,134		$	25,749	$	25,134

	June 30, 2026			December 31, 2025
Mortgage loans serviced for others	$	1,777,167		$	1,810,579
Mortgage servicing rights assets as a percentage of serviced mortgage loans		1.45	%		1.33	%

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, 2026			December 31, 2025
Weighted average constant prepayment rate		7.08	%		8.81	%
Weighted average discount rate		9.72	%		9.70	%
Weighted average life in years		7.86			7.43