The characteristics and sensitivity analysis of the MSRs are included in the following table: | | | | | | | | | | | | June 30, | | | December 31, | | | (Dollars in thousands) | | 2024 | | | 2023 | | | Composition of residential loans serviced for others | | | | | | | | | | Fixed-rate mortgage loans | | | 100.0 | % | | | 100.0 | % | | Adjustable-rate mortgage loans | | | — | % | | | — | % | | Total | | | 100.0 | % | | | 100.0 | % | | Weighted average life | | | 8.02 | years | | | 8.03 | years | | Constant Prepayment rate (CPR) | | | 7.0 | % | | | 7.0 | % | | Estimated impact on fair value of a 10% increase | | $ | (504) | | | $ | (522) | | | Estimated impact on fair value of a 20% increase | | | (1,022) | | | | (1,014) | | | Estimated impact on fair value of a 10% decrease | | | 504 | | | | 551 | | | Estimated impact on fair value of a 20% decrease | | | 1,018 | | | | 1,128 | | | Weighted average discount rate | | | 10.9 | % | | | 10.7 | % | | Estimated impact on fair value of a 10% increase | | $ | (3,081) | | | $ | (3,270) | | | Estimated impact on fair value of a 20% increase | | | (6,173) | | | | (6,458) | | | Estimated impact on fair value of a 10% decrease | | | 2,938 | | | | 3,242 | | | Estimated impact on fair value of a 20% decrease | | | 5,550 | | | | 6,283 | | | Effect on fair value due to change in interest rates | | | | | | | | | | 25 basis point increase | | $ | 1,621 | | | $ | 1,647 | | | 50 basis point increase | | | 3,078 | | | | 3,189 | | | 25 basis point decrease | | | (1,758) | | | | (1,723) | | | 50 basis point decrease | | | (3,623) | | | | (3,501) | | |
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