LOAN SERVICING RIGHTS (Tables)

9 Months Ended

Sep. 30, 2025

Transfers and Servicing [Abstract]

Schedule of Carrying Value of Loan Servicing Rights Assets

The carrying value of the loan servicing rights assets is shown in the table below:

(dollars in thousands)	September 30, 2025		December 31, 2024
Loan Servicing Rights
Residential mortgage	$	106,411	$	112,514
SBA	2,618		2,926
Total loan servicing rights	$	109,029	$	115,440

The table below is an analysis of the activity in the Company’s MSRs and valuation allowance:

(dollars in thousands)	Three Months Ended September 30,				Nine Months Ended September 30,
Residential mortgage servicing rights	2025		2024		2025		2024
Beginning carrying value, net	$	126,022	$	145,306	$	112,514	$	171,915
Additions	9,749		8,748		29,857		21,625
Amortization	(3,575)		(3,926)		(10,175)		(14,593)
Disposals	(25,785)		(48,273)		(25,785)		(77,092)
Ending carrying value, net	$	106,411	$	101,855	$	106,411	$	101,855

The table below is an analysis of the activity in the Company’s SBA loan servicing rights and valuation allowance:

(dollars in thousands)	Three Months Ended September 30,				Nine Months Ended September 30,
SBA servicing rights	2025		2024		2025		2024
Beginning carrying value, net	$	2,786	$	2,156	$	2,926	$	2,737
Additions	5		16		291		92
Amortization	(173)		(245)		(599)		(902)
Ending carrying value, net	$	2,618	$	1,927	$	2,618	$	1,927

Schedule of Sensitivity of Fair Value to Adverse Changes in Model Inputs and/or Assumptions

The key metrics and the sensitivity of the fair value to adverse changes in model inputs and/or assumptions are summarized below:

(dollars in thousands)	September 30, 2025			December 31, 2024
Residential mortgage servicing rights
Unpaid principal balance of loans serviced for others	$	8,187,640		$	8,856,724
Composition of residential loans serviced for others:
FHLMC	23.87		%	24.51		%
FNMA	64.12		%	68.42		%
GNMA	12.01		%	7.07		%
Total	100.00		%	100.00		%
Weighted average term (months)	353			353
Weighted average age (months)	41			33
Modeled prepayment speed	7.62		%	7.37		%
Decline in fair value due to a 10% adverse change	$	(4,263)		$	(2,474)
Decline in fair value due to a 20% adverse change	$	(8,369)		$	(5,227)
Weighted average discount rate	9.41		%	10.79		%
Decline in fair value due to a 10% adverse change	$	(5,453)		$	(3,283)
Decline in fair value due to a 20% adverse change	$	(10,673)		$	(7,379)

(dollars in thousands)	September 30, 2025			December 31, 2024
SBA servicing rights
Unpaid principal balance of loans serviced for others	$	223,159		$	235,793
Weighted average life (in years)	3.38			3.18
Modeled prepayment speed	16.90		%	18.95		%
Decline in fair value due to a 10% adverse change	$	(160)		$	(192)
Decline in fair value due to a 20% adverse change	$	(306)		$	(366)
Weighted average discount rate	11.73		%	11.27		%
Decline in fair value due to a 100 basis point adverse change	$	(81)		$	(97)
Decline in fair value due to a 200 basis point adverse change	$	(158)		$	(190)