Annual report [Section 13 and 15(d), not S-K Item 405]

Mortgage Loans Held-for-Sale, at Fair Value (Tables)

v3.25.4
Mortgage Loans Held-for-Sale, at Fair Value (Tables)
12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Reconciliation of Mortgage Loans Held-for-Sale The following table presents the carrying value of Company’s mortgage loans held-for-sale as of December 31, 2025 and December 31, 2024:
(in thousands) December 31,
2025
December 31,
2024
Unpaid principal balance $ 13,336  $ 2,297 
Mark-to-market adjustments 294  37 
Total mortgage loans held-for-sale $ 13,630  $ 2,334 

The following table presents a reconciliation of the Company’s mortgage loans held-for-sale for the years ended December 31, 2025, 2024 and 2023:
Year Ended
December 31,
(in thousands) 2025 2024 2023
Balance at beginning of period $ 2,334  $ 332  $ 283 
Originations and purchases of mortgage loans
221,099  64,416  80 
Sales and principal collections
(210,060) (62,437) (31)
Unrealized gains (losses) on mortgage loans 257  23  — 
Balance at end of period $ 13,630  $ 2,334  $ 332