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Mortgage Banking Activities (Tables)
 12 Months Ended
Dec. 31, 2025
Transfers and Servicing [Abstract]  
Schedule of Components of Mortgage Banking Revenue
Included in mortgage banking revenues in the accompanying consolidated statements of income for 2025 and 2024 are the following:
December 31,
20252024
(dollars in thousands)
Gains on sale of mortgage loans$27,121 $26,090 
Fees on real estate loans sold1,907 3,279 
(Losses) gains on interest rate lock commitments (IRLC) and associated hedging¹(1,003)589 
Servicing fees11,546 12,122 
Mortgage banking revenues$39,571 42,080 
1 For more information on this item, see "Note 1, Summary of Significant Accounting Policies—Derivative Financial Instruments," to our consolidated financial statements.
Schedule of Weighted Average Assumptions Used in the Calculation of Fair Value of MSRs
The following assumptions were used in determining the fair value of the capitalized mortgage servicing rights:
December 31,
20252024
Discount rate9.16%9.31%
Prepayment speed7.10%7.00%
Delinquency rate0.86%0.79%
Schedule of Changes to MSRs
A summary of the mortgage servicing rights is as follows:
December 31,
20252024
(dollars in thousands)
Balance at beginning of year$30,423 $33,876 
Capitalized mortgage servicing rights5,039 2,866 
Amortization(6,071)(6,319)
Change in valuation allowance- - 
Balance at end of year$29,391 $30,423 
Schedule of Servicing Assets, Future Amortization Expense
The following table shows the estimated future amortization expense based on existing asset balances and the interest rate environment as of December 31, 2025 (in thousands). The Company’s actual amortization expense in any given period may be different from the estimated amounts depending upon the addition of new intangible assets, changes in mortgage interest rates, prepayment speeds, and other market conditions.
2026$3,845 
20273,443 
20283,094 
20292,765 
Thereafter16,243