XML 20 R4.htm IDEA: XBRL DOCUMENT v3.25.4
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Interest income:      
Loans, including fees $ 448,030 $ 458,817 $ 436,649
Investment securities:      
Taxable interest 76,021 66,262 39,078
Tax-exempt interest 387 187 153
Interest-earning deposits 26,931 26,326 33,627
Total interest income 551,369 551,592 509,507
Interest expense:      
Deposits 162,751 164,372 148,529
Short-term borrowings 2,498 2,469 271
Long-term borrowings 784 2,420 507
Senior debt 8,805 4,935 5,027
Subordinated debentures 1,020 1,155 1,121
Total interest expense 175,858 175,351 155,455
Net interest income 375,511 376,241 354,052
Provision for credit losses on non-fintech loans 8,981 9,319 8,465
Provision for credit losses on fintech loans 169,294 30,651  
Provision reversal for unfunded commitments (582) (596) (135)
Provision (reversal) for credit loss on security   (1,000) 10,000
Provision for credit losses, total 177,693 38,374 18,330
Net interest income after provision (reversal) for credit losses 197,818 337,867 335,722
Non-interest income      
Total fintech fees 141,147 116,798 99,239
Net realized and unrealized gains on commercial loans, at fair value 1,815 2,732 3,745
Leasing related income 7,135 3,921 6,324
Fintech loan credit enhancement 169,294 30,651  
Other 8,942 3,412 2,786
Total non-interest income 328,333 157,514 112,094
Non-interest expense      
Salaries and employee benefits 142,554 131,597 121,055
Depreciation 4,650 4,155 3,074
Rent and related occupancy cost 6,466 6,746 5,980
Data processing expense 4,964 5,666 5,447
Audit expense 2,477 1,484 1,620
Legal expense 6,690 3,081 3,850
Legal settlements 2,000 284  
FDIC Insurance 4,543 3,579 2,957
Software 20,541 17,913 17,349
Insurance 4,780 5,195 5,139
Telecom and IT network communications 1,222 1,227 1,316
Consulting 1,663 1,852 1,938
Other 20,564 20,446 21,317
Total non-interest expense 223,114 203,225 191,042
Income before income taxes 303,037 292,156 256,774
Income tax expense 74,824 74,616 64,478
Net income $ 228,213 $ 217,540 $ 192,296
Earnings per share - basic $ 4.99 $ 4.35 $ 3.52
Earnings per share - diluted $ 4.92 $ 4.29 $ 3.49
Weighted average shares - basic 45,770,549 50,063,620 54,506,065
Weighted average shares - diluted 46,421,672 50,713,140 55,053,497
ACH, Card And Other Payment Processing Fees [Member]      
Non-interest income      
Total fintech fees $ 21,021 $ 14,596 $ 9,822
Prepaid, Debit Card And Related Fees [Member]      
Non-interest income      
Total fintech fees 103,546 97,413 $ 89,417
Consumer Credit Fintech Fees [Member]      
Non-interest income      
Total fintech fees $ 16,580 $ 4,789