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Fair Value (Tables)

6 Months Ended

Jun. 30, 2025

Fair Value Disclosures [Abstract]

Fair Value Assets and Liabilities Measured on Recurring Basis

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

		As of June 30, 2025
		Level 1				Level 2				Level 3				Total
		(Dollars in thousands)
Assets:
Available for sale securities:
Corporate debt securities		$	—			$	16,553			$	—			$	16,553
Collateralized mortgage obligations			—				219,085				—				219,085
Mortgage-backed securities			—				106,470				—				106,470
Derivative financial instruments:
Interest rate lock commitments		$	—			$	309			$	—			$	309
Forward mortgage-backed securities trades			—				3				—				3
Loan customer counterparty			—				—				—				—
Financial institution counterparty			—				944				—				944
Liabilities:
Derivative financial instruments:
Interest rate lock commitments		$	—			$	—			$	—			$	—
Forward mortgage-backed securities trades			—				116				—				116
Loan customer counterparty			—				949				—				949
Financial institution counterparty			—				—				—				—

		As of 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			—				—				—				—

Summary of Carrying and Fair Value Information of Financial Instruments

The following tables present carrying and fair value information of financial instruments as of the dates indicated:

		As of June 30, 2025
		Carrying				Estimated Fair Value
		Amount				Level 1				Level 2				Level 3				Total
		(Dollars in thousands)
Assets
Cash and due from banks		$	1,304,993			$	1,304,993			$	—			$	—			$	1,304,993
Federal funds sold			197				197				—				—				197
Held to maturity securities			10,265,996				—				9,156,024				—				9,156,024
Loans held for sale			6,004				—				6,004				—				6,004
Loans held for investment, net of allowance			20,557,860				—				—				19,538,644				19,538,644
Loans held for investment - Warehouse Purchase Program			1,287,440				—				1,287,440				—				1,287,440
Other real estate owned			7,874				—				7,874				—				7,874
Liabilities
Deposits:
Noninterest-bearing		$	9,426,657			$	—			$	9,426,657			$	—			$	9,426,657
Interest-bearing			18,046,754				—				18,024,232				—				18,024,232
Other borrowings			2,900,000				—				2,900,000				—				2,900,000
Securities sold under repurchase agreements			183,572				—				183,571				—				183,571

		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

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://www.xbrl.org/2003/role/exampleRef
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-SubTopic 10
-Topic 825
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-10

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-13

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-12

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-12

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

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- 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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