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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2024
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets Measured on Recurring Basis
The following table sets forth the fair values and methods used for measuring the fair values of financial instruments on a recurring basis, except those for which the carrying values approximate fair values:
Fair Value
Financial Instrument
Hierarchy
December 31, 2024December 31, 2023
(Dollars in thousands)
Marketable securities
Debt securities (available-for-sale)Level 1$— $78,250 
Mortgage loans held-for-sale, net
Level 2
$236,806 $258,212 
Derivative and financial instruments, net (Note 18)
Interest rate lock commitmentsLevel 2$(277)$5,118 
Forward sales of mortgage-backed securitiesLevel 2$4,047 $(5,388)
Mandatory delivery forward loan sale commitmentsLevel 2$515 $(816)
Best-effort delivery forward loan sale commitmentsLevel 2$$(4)
Schedule of Debt Securities, Available-for-Sale
The estimated fair value, gross unrealized holding gains, gross unrealized holding losses and amortized cost for debt securities by major classification are as follows:
December 31, 2024December 31, 2023
(Dollars in thousands)
Amortized CostGross Unrealized GainsGross Unrealized LossesEstimated Fair ValueAmortized CostGross Unrealized GainsGross Unrealized LossesEstimated Fair Value
U.S. Government$— $— $— $— $78,185 $65 $— $78,250 
Total Debt Securities$— $— $— $— $78,185 $65 $— $78,250 
Schedule of Fair Value of Senior Notes The estimated values of the senior notes in the following table are based on Level 2 inputs, which primarily reflect estimated prices for our senior notes which were provided by multiple sources.
December 31, 2024December 31, 2023
Carrying
Amount
Fair ValueCarrying
Amount
Fair Value
(Dollars in thousands)
$300 million 3.850% senior notes due January 2030, net
$298,478 $282,124 $298,207 $273,580 
$350 million 2.500% senior notes due January 2031, net
348,010 303,020 347,708 286,957 
$500 million 6.000% senior notes due January 2043, net
491,596 499,370 491,351 464,658 
$350 million 3.966% senior notes due August 2061, net
346,183 255,605 346,138 227,262 
Total$1,484,267 $1,340,119 $1,483,404 $1,252,457