Other Assets (Tables)

3 Months Ended

Mar. 31, 2025

Mortgage Servicing Rights [Abstract]

Schedule of estimated future amortization expense for MSRs

Amortization of mortgage servicing rights (“MSRs”) were $0.2 million and $0.3 million for the three months ended March 31, 2025 and 2024, respectively. The estimated future amortization expenses for MSRs over the next five years are as follows:

	Estimated
(dollars in thousands)	Amortization
Under one year	$	717
One to two years		636
Two to three years		563
Three to four years		499
Four to five years		444

Schedule of details of the Company's MSRs

	March 31,		December 31,
(dollars in thousands)	2025		2024
Gross carrying amount	$	69,953	$	69,903
Less: accumulated amortization		65,027		64,825
Net carrying value	$	4,926	$	5,078

Schedule of changes in amortized MSRs

	Three Months Ended March 31,
(dollars in thousands)	2025		2024
Balance at beginning of period	$	5,078	$	5,699
Originations		50		97
Amortization		(202)		(263)
Balance at end of period	$	4,926	$	5,533
Fair value of amortized MSRs at beginning of period	$	13,404	$	14,308
Fair value of amortized MSRs at end of period	$	13,357	$	14,071

Schedule of quantitative assumptions used in determining lower of cost or fair value of MSRs

	March 31, 2025							December 31, 2024
						Weighted							Weighted
	Range					Average		Range					Average
Conditional prepayment rate	6.31	%	-	12.16	%	6.71	%	6.99	%	-	11.77	%	7.16	%
Life in years (of the MSR)	4.45		-	7.25		7.08		4.14		-	7.02		6.94
Weighted-average coupon rate	3.72	%	-	5.49	%	3.81	%	3.71	%	-	5.66	%	3.80	%
Discount rate	10.36	%	-	11.15	%	10.40	%	10.35	%	-	10.94	%	10.40	%