CONCENTRATIONS

6 Months Ended

Jun. 30, 2026

Risks and Uncertainties [Abstract]

CONCENTRATIONS

17. CONCENTRATIONS

The Company maintains cash balances with several regional banks. The deposits are insured by the Federal Deposit Insurance Corporation up to $250,000 per depositor per bank. At various times throughout the year, cash balances held within these accounts may exceed the maximum insured amounts. As of June 30, 2026, there was one account that exceeded the limit by $0.9 million. As of December 31, 2025, there were two accounts that exceeded the limit by $2.9 million.

The Company relies on three lenders for the warehouse lines it uses to fund the mortgage loans it makes to its customers, which is limited to a total maximum of $25.0 million, see Note 12 – Warehouse Lines of Credit.

The Company sold its mortgage loans to 11 and seven investors for the six months ended June 30, 2026 and 2025, respectively.

Escrows Payable

As a service to its clients, the Company administers escrow deposits representing undisbursed amounts received for payment of settlement and title services. Escrow deposits held by the Company was $1.7 million and $0.6 million as of June 30, 2026 and December 31, 2025, respectively. These amounts are not considered assets of the Company and, therefore, are excluded from the consolidated balance sheets. The Company remains contingently liable for the disposition of these deposits.