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Contractual Obligations and Off-Balance Sheet Items (Tables)
 9 Months Ended
Sep. 30, 2025
Commitments and Contingencies Disclosure [Abstract]  
Summary of Future Cash Payments Associated with Contractual Obligations Pursuant to Subordinated Debentures, Federal Bank's Bank Term Funding Program

The Company’s future cash payments associated with its contractual obligations pursuant to its Federal Home Loan Bank (“FHLB”) advances as of September 30, 2025, are summarized below.

 

 

 

1 year or less

 

 

More than 1 year but less than 3 years

 

 

3 years or more but less than 5 years

 

 

5 years or more

 

 

Total

 

 

 

(Dollars in thousands)

 

FHLB advances

 

$

2,400,000

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

2,400,000

 
Future Undiscounted Cash Payments Associated with its Operating Leases

The Company’s future undiscounted cash payments associated with its operating leases as of September 30, 2025, are summarized below (dollars in thousands).

 

Remaining 2025

 

$

2,603

 

2026

 

 

9,507

 

2027

 

 

6,505

 

2028

 

 

3,529

 

2029

 

 

2,179

 

2030

 

 

1,715

 

Thereafter

 

 

8,827

 

Total undiscounted lease payments

 

$

34,865

 
Summary of Commitments Associated with Outstanding Standby Letters of Credit, Unused Capacity on Warehouse Purchase Program Loans and Commitments to Extend Credit

The Company’s commitments associated with outstanding standby letters of credit, unused capacity on Warehouse Purchase Program loans and commitments to extend credit expiring by period as of September 30, 2025, are summarized below. Since commitments associated with letters of credit, unused capacity on Warehouse Purchase Program loans and commitments to extend credit may expire unused, the amounts shown may not necessarily reflect the actual future cash funding requirements.

 

 

 

1 year or less

 

 

More than 1
year but less
than 3 years

 

 

3 years or
more but less than
5 years

 

 

5 years or more

 

 

Total

 

 

 

(Dollars in thousands)

 

Standby letters of credit

 

$

61,923

 

 

$

15,787

 

 

$

1,371

 

 

$

26

 

 

$

79,107

 

Unused capacity on Warehouse Purchase Program loans

 

 

800,823

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

800,823

 

Commitments to extend credit

 

 

1,523,888

 

 

 

973,378

 

 

 

178,537

 

 

 

1,060,599

 

 

 

3,736,402

 

Total

 

$

2,386,634

 

 

$

989,165

 

 

$

179,908

 

 

$

1,060,625

 

 

$

4,616,332