Mortgage banking activities (Tables)

12 Months Ended

Dec. 31, 2024

Mortgage Banking [Abstract]

Mortgage Banking Activities

The following table presents the components of mortgage banking activities:

Years ended December 31,

(In thousands)

2024

2023

2022

Mortgage servicing fees, net of fair value adjustments:

Mortgage servicing fees

$

30,227

$

32,981

$

36,487

Mortgage servicing rights fair value adjustments

(11,370)

(11,589)

236

Total mortgage servicing fees, net of fair value adjustments

18,857

21,392

36,723

Net gain (loss) on sale of loans, including valuation on loans held for sale [1]

317

(88)

(251)

Trading account profit:

Unrealized gains (loss) on outstanding derivative positions

185

(138)

-

Realized (loss) gains on closed derivative positions

(150)

614

6,635

Total trading account profit

35

476

6,635

Losses on repurchased loans, including interest advances

(150)

(283)

(657)

Total mortgage banking activities

$

19,059

$

21,497

$

42,450

[1]

Effective on January 1, 2023, loans held-for-sale are stated at fair value. Prior to such date, loans held-for-sale were stated at lower -of-cost-or-

market.