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Fair Value (Tables)

12 Months Ended

Dec. 31, 2024

Fair Value Disclosures [Abstract]

Fair Value Assets Measured on Recurring Basis

The following tables present fair values for assets measured at fair value on a recurring basis:

		December 31, 2024
		Level 1				Level 2				Level 3				Total
		(Dollars in thousands)
Assets:
Available for sale securities:
Corporate debt securities		$	—			$	16,325			$	—			$	16,325
Collateralized mortgage obligations			—				212,990				—				212,990
Mortgage-backed securities			—				107,645				—				107,645
Derivative financial instruments:
Interest rate lock commitments			—				144				—				144
Forward mortgage-backed securities trades			—				75				—				75
Loan customer counterparty			—				—				—				—
Financial institution counterparty			—				686				—				686
Liabilities:
Derivative financial instruments:
Interest rate lock commitments		$	—			$	1			$	—			$	1
Forward mortgage-backed securities trades			—				37				—				37
Loan customer counterparty			—				693				—				693
Financial institution counterparty			—				—				—				—

		December 31, 2023
		Level 1				Level 2				Level 3				Total
		(Dollars in thousands)
Assets:
Available for sale securities:
Corporate debt securities		$	—			$	21,787			$	—			$	21,787
Collateralized mortgage obligations			—				320,044				—				320,044
Mortgage-backed securities			—				96,757				—				96,757
Derivative financial instruments:
Interest rate lock commitments			—				218				—				218
Forward mortgage-backed securities trades			—				1				—				1
Loan customer counterparty			—				—				—				—
Financial institution counterparty			—				3,876				—				3,876
Liabilities:
Derivative financial instruments:
Interest rate lock commitments		$	—			$	—			$	—			$	—
Forward mortgage-backed securities trades			—				161				—				161
Loan customer counterparty			—				3,899				—				3,899
Financial institution counterparty			—				—				—				—

Summary of Carrying Values and Estimated Fair Values of Financial Instruments on Recurring Basis

The following tables summarize the carrying values and estimated fair values of certain financial instruments not recorded at fair value on a recurring basis:

		As of December 31,2024
		Carrying				Estimated Fair Value
		Amount				Level 1				Level 2				Level 3				Total
		(Dollars in thousands)
Assets
Cash and due from banks		$	1,972,175			$	1,972,175			$	—			$	—			$	1,972,175
Federal funds sold			292				292				—				—				292
Held to maturity securities			10,757,464				—				9,382,479				—				9,382,479
Loans held for sale			10,690				—				10,690				—				10,690
Loans held for investment, net of allowance			20,705,811				—				—				19,379,556				19,379,556
Loans held for investment - Warehouse Purchase Program			1,080,903				—				1,080,903				—				1,080,903
Other real estate owned			5,701				—				5,701				—				5,701
Liabilities
Deposits:
Noninterest-bearing		$	9,798,438			$	—			$	9,798,438			$	—			$	9,798,438
Interest-bearing			18,582,900				—				18,559,227				—				18,559,227
Other borrowings			3,200,000				—				3,200,000				—				3,200,000
Securities sold under repurchase agreements			221,913				—				221,902				—				221,902

		As of December 31,2023
		Carrying				Estimated Fair Value
		Amount				Level 1				Level 2				Level 3				Total
		(Dollars in thousands)
Assets
Cash and due from banks		$	458,153			$	458,153			$	—			$	—			$	458,153
Federal funds sold			260				260				—				—				260
Held to maturity securities			12,365,308				—				10,984,598				—				10,984,598
Loans held for sale			5,734				—				5,734				—				5,734
Loans held for investment, net of allowance			20,020,197				—				—				18,321,054				18,321,054
Loans held for investment - Warehouse Purchase Program			822,245				—				822,245				—				822,245
Other real estate owned			1,708				—				1,708				—				1,708
Liabilities
Deposits:
Noninterest-bearing		$	9,776,572			$	—			$	9,776,572			$	—			$	9,776,572
Interest-bearing			17,403,237				—				17,371,523				—				17,371,523
Other borrowings			3,725,000				—				3,725,000				—				3,725,000
Securities sold under repurchase agreements			309,277				—				309,245				—				309,245

X

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

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X

- References

No definition available.

+ Details

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X

- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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