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Fair Value Measurements (Tables) | 6 Months Ended
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Jun. 30, 2026
Fair Value Disclosures [Abstract] |
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis | The following tables present, by level within the fair value hierarchy, the Company’s assets and liabilities measured at fair value on a recurring basis:
June 30, 2026 | Level 1 |  | Level 2 |  | Level 3 |  | Balance at Fair Value
Assets: |  |  |  |  |  |  |
Loans held for sale at fair value | $ | — |  |  | $ | — |  |  | $ | 1,773,052 |  |  | $ | 1,773,052 |
Loans held for investment at fair value | — |  |  | — |  |  | 2,085,066 |  |  | 2,085,066 |
Securities available for sale: |  |  |  |  |  |  |
Senior asset-backed securities related to Structured Program transactions | — |  |  | — |  |  | 3,394,054 |  |  | 3,394,054 |
Other asset-backed securities related to Structured Program transactions | — |  |  | — |  |  | 257,820 |  |  | 257,820 |
U.S. agency residential mortgage-backed securities | — |  |  | 243,375 |  |  | — |  |  | 243,375 |
U.S. agency securities | — |  |  | 70,282 |  |  | — |  |  | 70,282 |
Mortgage-backed securities | — |  |  | 53,806 |  |  | — |  |  | 53,806 |
Municipal securities | — |  |  | 2,678 |  |  | — |  |  | 2,678 |
Other securities | — |  |  | 14,359 |  |  | 10,387 |  |  | 24,746 |
Total securities available for sale | — |  |  | 384,500 |  |  | 3,662,261 |  |  | 4,046,761 |
Servicing assets | — |  |  | — |  |  | 72,974 |  |  | 72,974 |
Other assets | — |  |  | 10,820 |  |  | — |  |  | 10,820 |
Total assets | $ | — |  |  | $ | 395,320 |  |  | $ | 7,593,353 |  |  | $ | 7,988,673 |
Liabilities: |  |  |  |  |  |  |
Other liabilities | $ | — |  |  | $ | 1,845 |  |  | $ | — |  |  | $ | 1,845 |
Total liabilities | $ | — |  |  | $ | 1,845 |  |  | $ | — |  |  | $ | 1,845 |
December 31, 2025 | Level 1 |  | Level 2 |  | Level 3 |  | Balance at Fair Value
Assets: |  |  |  |  |  |  |
Loans held for sale at fair value | $ | — |  |  | $ | — |  |  | $ | 1,762,396 |  |  | $ | 1,762,396 |
Loans held for investment at fair value | — |  |  | — |  |  | 473,314 |  |  | 473,314 |
Securities available for sale: |  |  |  |  |  |  |
Senior asset-backed securities related to Structured Program transactions | — |  |  | — |  |  | 3,092,410 |  |  | 3,092,410 |
U.S. agency residential mortgage-backed securities | — |  |  | 236,061 |  |  | — |  |  | 236,061 |
Other asset-backed securities related to Structured Program transactions | — |  |  | — |  |  | 219,370 |  |  | 219,370 |
U.S. agency securities | — |  |  | 73,862 |  |  | — |  |  | 73,862 |
Mortgage-backed securities | — |  |  | 55,597 |  |  | — |  |  | 55,597 |
Municipal securities | — |  |  | 2,606 |  |  | — |  |  | 2,606 |
Other securities | — |  |  | 16,720 |  |  | 10,083 |  |  | 26,803 |
Total securities available for sale | — |  |  | 384,846 |  |  | 3,321,863 |  |  | 3,706,709 |
Servicing assets | — |  |  | — |  |  | 65,167 |  |  | 65,167 |
Other assets | — |  |  | 2,099 |  |  | — |  |  | 2,099 |
Total assets | $ | — |  |  | $ | 386,945 |  |  | $ | 5,622,740 |  |  | $ | 6,009,685 |
Liabilities: |  |  |  |  |  |  |
Other liabilities | $ | — |  |  | $ | 3,918 |  |  | $ | 1,865 |  |  | $ | 5,783 |
Total liabilities | $ | — |  |  | $ | 3,918 |  |  | $ | 1,865 |  |  | $ | 5,783 |
Schedule of Significant Unobservable Inputs Used in the Fair Value Measurement of Loans HFS, Loans HFI, Senior Asset-Backed Securities, Other Asset-Backed Securities and Servicing Assets | The following significant unobservable inputs were used in the fair value measurement of HFS loans:
|  | June 30, 2026 |  | December 31, 2025
|  | Minimum |  | Maximum |  | Weighted- Average(1) |  | Minimum |  | Maximum |  | Weighted- Average(1)
Discount rate | 6.9 | % |  | 8.9 | % |  | 7.5 | % |  | 6.6 | % |  | 9.0 | % |  | 7.1 | %
Annualized net credit loss rate | 3.4 | % |  | 12.8 | % |  | 6.6 | % |  | 3.3 | % |  | 16.0 | % |  | 6.3 | %
Annualized prepayment rate | 20.3 | % |  | 27.8 | % |  | 25.9 | % |  | 20.5 | % |  | 26.0 | % |  | 25.5 | %
(1) The weighted-average rate is calculated using the principal balance of each loan pool with similar risk characteristics. The following significant unobservable inputs were used in the fair value measurement of HFI loans:
|  | June 30, 2026 |  | December 31, 2025
|  | Minimum |  | Maximum |  | Weighted- Average(1) |  | Minimum |  | Maximum |  | Weighted- Average(1)
Discount rate | 5.5 | % |  | 11.2 | % |  | 7.1 | % |  | 6.5 | % |  | 8.5 | % |  | 7.0 | %
Annualized net charge-off rate | 0.3 | % |  | 13.4 | % |  | 5.0 | % |  | 4.1 | % |  | 19.1 | % |  | 7.4 | %
Annualized prepayment rate | 18.3 | % |  | 46.5 | % |  | 25.4 | % |  | 19.6 | % |  | 21.1 | % |  | 20.0 | %
(1) The weighted-average rate is calculated using the principal balance of each loan pool with similar risk characteristics. The following significant unobservable input, which includes credit spreads, was used in the fair value measurement of senior asset-backed securities related to Structured Program transactions:
|  | June 30, 2026 |  | December 31, 2025
|  | Minimum |  | Maximum |  | Weighted- Average |  | Minimum |  | Maximum |  | Weighted- Average
Discount rate |  | 5.3 | % |  | 6.8 | % |  | 5.6 | % |  | 5.0 | % |  | 5.4 | % |  | 5.2 | %
The following significant unobservable inputs were used in the fair value measurement of other asset-backed securities related to Structured Program transactions:
|  | June 30, 2026 |  | December 31, 2025
|  | Minimum |  | Maximum |  | Weighted- Average(1) |  | Minimum |  | Maximum |  | Weighted- Average(1)
Discount rate |  | 6.9 | % |  | 8.9 | % |  | 7.3 | % |  | 6.6 | % |  | 8.6 | % |  | 6.9 | %
Annualized net charge-off rate |  | 3.4 | % |  | 6.5 | % |  | 5.6 | % |  | 3.1 | % |  | 6.2 | % |  | 5.0 | %
Annualized prepayment rate |  | 21.5 | % |  | 28.0 | % |  | 26.6 | % |  | 22.8 | % |  | 27.4 | % |  | 25.8 | %
(1) The weighted-average rate is calculated using the principal balance of each security. The following significant unobservable inputs were used in the fair value measurement for servicing assets related to loans sold to investors:
|  | June 30, 2026 |  | December 31, 2025
|  | Minimum |  | Maximum |  | Weighted- Average |  | Minimum |  | Maximum |  | Weighted- Average
Discount rate |  | 8.9 | % |  | 16.2 | % |  | 10.3 | % |  | 8.9 | % |  | 16.2 | % |  | 10.4 | %
Annualized net charge-off rate(1) |  | 3.4 | % |  | 12.8 | % |  | 6.1 | % |  | 3.3 | % |  | 19.5 | % |  | 6.5 | %
Annualized prepayment rate(1) |  | 19.7 | % |  | 27.7 | % |  | 26.0 | % |  | 19.9 | % |  | 25.9 | % |  | 24.6 | %
Market servicing rate(2) |  | 0.58 | % |  | 0.58 | % |  | 0.58 | % |  | 0.58 | % |  | 0.58 | % |  | 0.58 | %
(1) The weighted-average rate is calculated using the principal balance of each loan pool with similar risk characteristics. (2) The fees a willing market participant would require for the servicing of loans with similar characteristics as those in the Company’s serviced portfolio.
Schedule of Sensitivity of Loans HFS and Loans HFI at Fair Value to Adverse Changes in Key Assumptions | The sensitivity of HFS loans at fair value to adverse changes in key assumptions was as follows:
| June 30, 2026 |  | December 31, 2025 |  |
Loans held for sale at fair value | $ | 1,773,052 |  |  | $ | 1,762,396 |  |  |
Expected remaining weighted-average life (in years) | 1.2 |  | 1.4 |  |
Discount rate: |  |  |  |  |
100 basis point increase | $ | (19,743) |  |  | $ | (21,458) |  |  |
200 basis point increase | $ | (39,096) |  |  | $ | (42,471) |  |  |
Annualized net credit loss rate: |  |  |  |  |
10% increase | $ | (22,606) |  |  | $ | (20,970) |  |  |
20% increase | $ | (45,403) |  |  | $ | (41,766) |  |  |
Annualized prepayment rate: |  |  |  |  |
10% increase | $ | (7,760) |  |  | $ | (5,703) |  |  |
20% increase | $ | (14,574) |  |  | $ | (10,546) |  |  |
The sensitivity of HFI loans at fair value to adverse changes in key assumptions was as follows:
| June 30, 2026 |  | December 31, 2025 |  |
Loans held for investment at fair value | $ | 2,085,066 |  |  | $ | 473,314 |  |  |
Expected remaining weighted-average life (in years) | 1.6 |  | 0.7 |  |
Discount rate: |  |  |  |  |
100 basis point increase | $ | (29,672) |  |  | $ | (2,832) |  |  |
200 basis point increase | $ | (58,442) |  |  | $ | (5,633) |  |  |
Annualized net credit loss rate: |  |  |  |  |
10% increase | $ | (22,396) |  |  | $ | (5,738) |  |  |
20% increase | $ | (42,903) |  |  | $ | (13,161) |  |  |
Annualized prepayment rate: |  |  |  |  |
10% increase | $ | (8,147) |  |  | $ | (2,490) |  |  |
20% increase | $ | (16,582) |  |  | $ | (4,979) |  |  |
Schedule of Loans HFS, Loans HFI, Senior Asset-Backed Securities, Other Asset-Backed Securities and Servicing Assets at Fair Value Activity | The following table presents the activity for HFS loans at fair value:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2026 |  | 2025 |  | 2026 |  | 2025
Fair value at beginning of period | $ | 1,836,121 |  |  | $ | 703,378 |  |  | $ | 1,762,396 |  |  | $ | 636,352 |
Originations | 2,033,047 |  |  | 1,654,313 |  |  | 3,735,730 |  |  | 2,918,045 |
Sales | (1,815,442) |  |  | (1,217,166) |  |  | (3,199,716) |  |  | (2,314,095) |
Principal payments | (214,534) |  |  | (101,107) |  |  | (400,955) |  |  | (169,662) |
Realized charge-offs, net of recoveries, recorded in earnings | (18,494) |  |  | (4,663) |  |  | (30,560) |  |  | (11,367) |
Fair value adjustments recorded in earnings(1) | (47,646) |  |  | (26,587) |  |  | (93,843) |  |  | (51,105) |
Fair value at end of period | $ | 1,773,052 |  |  | $ | 1,008,168 |  |  | $ | 1,773,052 |  |  | $ | 1,008,168 |
(1) Includes unrealized fair value adjustments related to HFS loans at fair value held at the end of the periods presented of $3.9 million and $1.0 million for the second quarters of 2026 and 2025, respectively, and $27.2 million and $4.5 million for the first halves of 2026 and 2025, respectively. The following table presents the activity for HFI loans at fair value:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2026 |  | 2025 |  | 2026 |  | 2025
Fair value at beginning of period | $ | 1,237,850 |  |  | $ | 818,882 |  |  | $ | 473,314 |  |  | $ | 1,027,798 |
Originations | 1,101,924 |  |  | — |  |  | 2,049,125 |  |  | — |
Purchases | 58,600 |  |  | — |  |  | 86,235 |  |  | 12,744 |
Principal payments | (255,726) |  |  | (184,327) |  |  | (432,382) |  |  | (402,787) |
Realized charge-offs, net of recoveries, recorded in earnings | (6,680) |  |  | (14,278) |  |  | (10,281) |  |  | (41,483) |
Fair value adjustments recorded in earnings(1) | (50,902) |  |  | 11,459 |  |  | (80,945) |  |  | 35,464 |
Fair value at end of period | $ | 2,085,066 |  |  | $ | 631,736 |  |  | $ | 2,085,066 |  |  | $ | 631,736 |
(1) Represents unrealized fair value adjustments recorded in earnings related to HFI loans at fair value held at the end of the periods presented. The following table presents the activity for senior asset-backed securities related to Structured Program transactions:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2026 |  | 2025 |  | 2026 |  | 2025
Fair value at beginning of period | $ | 3,246,380 |  |  | $ | 2,869,281 |  |  | $ | 3,092,410 |  |  | $ | 2,899,824 |
Additions | 686,670 |  |  | 495,771 |  |  | 1,313,260 |  |  | 819,887 |
Cash received | (527,341) |  |  | (398,286) |  |  | (988,488) |  |  | (749,951) |
Change in unrealized loss | (11,655) |  |  | (4,291) |  |  | (23,128) |  |  | (7,285) |
Fair value at end of period | $ | 3,394,054 |  |  | $ | 2,962,475 |  |  | $ | 3,394,054 |  |  | $ | 2,962,475 |
The following table presents the activity for other asset-backed securities related to Structured Program transactions:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2026 |  | 2025 |  | 2026 |  | 2025
Fair value at beginning of period | $ | 238,349 |  |  | $ | 172,544 |  |  | $ | 219,370 |  |  | $ | 169,948 |
Additions | 60,030 |  |  | 35,738 |  |  | 112,988 |  |  | 60,624 |
Cash received | (38,918) |  |  | (24,622) |  |  | (71,694) |  |  | (45,925) |
Credit loss (expense) benefit for securities available for sale | (165) |  |  | 819 |  |  | 112 |  |  | (502) |
Change in unrealized loss | (1,476) |  |  | (447) |  |  | (2,956) |  |  | (113) |
Fair value at end of period | $ | 257,820 |  |  | $ | 184,032 |  |  | $ | 257,820 |  |  | $ | 184,032 |
The following table presents activity for servicing assets:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2026 |  | 2025 |  | 2026 |  | 2025
Fair value at beginning of period | $ | 67,078 |  |  | $ | 56,904 |  |  | $ | 65,167 |  |  | $ | 60,697 |
Issuances(1) | 22,733 |  |  | 14,670 |  |  | 40,218 |  |  | 27,935 |
Change in fair value(2) | (16,837) |  |  | (13,665) |  |  | (32,411) |  |  | (30,723) |
Fair value at end of period | $ | 72,974 |  |  | $ | 57,909 |  |  | $ | 72,974 |  |  | $ | 57,909 |
(1) Represents the servicing assets recorded when the loans are sold. Included in “Gain on sales of loans” on the Income Statement. (2) Included in “Net fair value adjustments” on the Income Statement.
Schedule of Aggregate Fair Value of HFS Loans and HFI Loans | The Company’s loan portfolios consist of the following:
| June 30, 2026 |  | December 31, 2025
Loans held for sale at fair value | $ | 1,773,052 |  |  | $ | 1,762,396 |
Loans held for investment at fair value | 2,085,066 |  |  | 473,314 |
Total loans at fair value | 3,858,118 |  |  | 2,235,710 |
Loans and leases held for investment at amortized cost, net | 2,993,252 |  |  | 3,997,069 |
Total loans and leases | $ | 6,851,370 |  |  | $ | 6,232,779 |
The Company defines its loans and leases HFI portfolio segments as (i) consumer and (ii) commercial. The following table presents the components of each portfolio segment by class of financing receivable:
| June 30, 2026 |  | December 31, 2025
Unsecured consumer | $ | 2,207,014 |  |  | $ | 3,191,430 |
Residential mortgages | 147,460 |  |  | 151,073 |
Secured consumer | 190,778 |  |  | 261,045 |
Total consumer loans held for investment at amortized cost | 2,545,252 |  |  | 3,603,548 |
Equipment finance(1) | 33,249 |  |  | 39,757 |
Commercial real estate(2)(3) | 460,203 |  |  | 472,489 |
Commercial and industrial | 147,441 |  |  | 157,018 |
Total commercial loans and leases held for investment at amortized cost | 640,893 |  |  | 669,264 |
Total loans and leases held for investment at amortized cost(4) | 3,186,145 |  |  | 4,272,812 |
Allowance for loan and lease losses | (192,893) |  |  | (275,743) |
Loans and leases held for investment at amortized cost, net | $ | 2,993,252 |  |  | $ | 3,997,069 |
(1) Comprised of sales-type leases for equipment. See “Note 16. Leases” for additional information. (2) Includes $279.6 million and $286.8 million in loans originated through the Small Business Administration (SBA) as of June 30, 2026 and December 31, 2025, respectively. (3) As of both June 30, 2026 and December 31, 2025, the Commercial Real Estate (CRE) office loan balance was under $35 million. (4) A ccrued interest receivable is excluded from the amortized cost basis of loans and leases HFI and is reported within “Other assets” on the Balance Sheet. Net accrued interest receivable related to loans and leases HFI at amortized cost was $13.4 million and $17.9 million as of June 30, 2026 and December 31, 2025, respectively. The following table presents the components of the allowance for loan and lease losses (ALLL):
| June 30, 2026 |  | December 31, 2025
Gross allowance for loan and lease losses(1) | $ | 227,500 |  |  | $ | 312,667 |
Recovery asset value(2) | (34,607) |  |  | (36,924) |
Allowance for loan and lease losses | $ | 192,893 |  |  | $ | 275,743 |
(1) Represents the allowance for future estimated net charge-offs on existing portfolio balances. (2) Represents the negative allowance for expected recoveries of amounts previously charged-off.
June 30, 2026 | Consumer |  | Commercial |  | Total
Loans and leases held for investment at amortized cost | $ | 2,545,252 |  |  | $ | 640,893 |  |  | $ | 3,186,145 |
Allowance for loan and lease losses | $ | 176,727 |  |  | $ | 16,166 |  |  | $ | 192,893 |
Allowance ratio(1) | 6.9 | % |  | 2.5 | % |  | 6.1 | %
Gross allowance for loan and lease losses | $ | 211,334 |  |  | $ | 16,166 |  |  | $ | 227,500 |
Gross allowance ratio(1) | 8.3 | % |  | 2.5 | % |  | 7.1 | %
December 31, 2025 | Consumer |  | Commercial |  | Total
Loans and leases held for investment at amortized cost | $ | 3,603,548 |  |  | $ | 669,264 |  |  | $ | 4,272,812 |
Allowance for loan and lease losses | $ | 258,811 |  |  | $ | 16,932 |  |  | $ | 275,743 |
Allowance ratio(1) | 7.2 | % |  | 2.5 | % |  | 6.5 | %
Gross allowance for loan and lease losses | $ | 295,735 |  |  | $ | 16,932 |  |  | $ | 312,667 |
Gross allowance ratio(1) | 8.2 | % |  | 2.5 | % |  | 7.3 | %
(1) Calculated as ALLL or gross ALLL, where applicable, to the corresponding portfolio segment balance of loans and leases HFI at amortized cost. The following table summarizes the aggregate fair value of the Company’s HFS loans as of the periods presented, as well as the amount that was 90 days or more past due:
| June 30, 2026 |  | December 31, 2025
| Total |  | 90 or more days past due |  | Total |  | 90 or more days past due
Aggregate unpaid principal balance | $ | 1,833,689 |  |  | $ | 7,048 |  |  | $ | 1,795,818 |  |  | $ | 3,931 |
Cumulative fair value adjustments | (60,637) |  |  | (5,751) |  |  | (33,422) |  |  | (3,176) |
Fair value of loans held for sale | $ | 1,773,052 |  |  | $ | 1,297 |  |  | $ | 1,762,396 |  |  | $ | 755 |
The following table summarizes the aggregate fair value of the Company’s HFI loans at fair value as of the periods presented, as well as the amount that was 90 days or more past due:
| June 30, 2026 |  | December 31, 2025
| Total |  | 90 or more days past due |  | Total |  | 90 or more days past due
Aggregate unpaid principal balance | $ | 2,189,229 |  |  | $ | 6,292 |  |  | $ | 495,649 |  |  | $ | 5,177 |
Cumulative fair value adjustments | (104,163) |  |  | (5,171) |  |  | (22,335) |  |  | (4,183) |
Fair value of loans held for investment | $ | 2,085,066 |  |  | $ | 1,121 |  |  | $ | 473,314 |  |  | $ | 994 |
Schedule of Sensitivity in the Fair Value of Senior Asset-Backed Securities and Other Asset-Backed Securities to Adverse Changes in Key Assumptions | The sensitivity in the fair value of senior asset-backed securities related to Structured Program transactions to adverse changes in key assumptions was as follows:
| June 30, 2026 |  | December 31, 2025
Fair value of interests held | $ | 3,394,054 |  |  | $ | 3,092,410 |
Expected remaining weighted-average life (in years) | 1.1 |  | 1.1
Discount rate: |  |  |
100 basis point increase | $ | (37,308) |  |  | $ | (32,467) |
200 basis point increase | $ | (74,616) |  |  | $ | (64,934) |
The sensitivity in the fair value of other asset-backed securities related to Structured Program transactions to adverse changes in key assumptions was as follows:
| June 30, 2026 |  | December 31, 2025
Fair value of interests held | $ | 257,820 |  |  | $ | 219,370 |
Expected remaining weighted-average life (in years) | 1.1 |  | 1.2
Discount rate: |  |  |
100 basis point increase | $ | (2,706) |  |  | $ | (2,285) |
200 basis point increase | $ | (5,361) |  |  | $ | (4,529) |
Annualized net charge-off rate: |  |  |
10% increase | $ | (2,793) |  |  | $ | (2,077) |
20% increase | $ | (5,617) |  |  | $ | (4,112) |
Annualized prepayment rate: |  |  |
10% increase | $ | (1,148) |  |  | $ | (674) |
20% increase | $ | (2,136) |  |  | $ | (1,227) |
Schedule of Sensitivity in the Fair Value of Servicing Assets to Adverse Changes in Key Assumptions | The sensitivity of the fair value of servicing assets to adverse changes in key assumptions was as follows:
| June 30, 2026 |  | December 31, 2025
Fair value of servicing assets | $ | 72,974 |  |  | $ | 65,167 |
Expected remaining weighted-average life (in years) | 1.2 |  | 1.2
Discount rate: |  |  |
100 basis point increase | $ | (648) |  |  | $ | (567) |
200 basis point increase | $ | (1,296) |  |  | $ | (1,134) |
Annualized net charge-off rate: |  |  |
10% increase | $ | (573) |  |  | $ | (536) |
20% increase | $ | (1,146) |  |  | $ | (1,071) |
Annualized prepayment rate: |  |  |
10% increase | $ | (2,212) |  |  | $ | (1,892) |
20% increase | $ | (4,424) |  |  | $ | (3,785) |
Schedule of Estimated Fair Value of Servicing Assets | The table below shows the impact on the estimated fair value of servicing assets, calculated using different market servicing rate assumptions:
| June 30, 2026 |  | December 31, 2025
Weighted-average market servicing rate assumptions | 0.58 | % |  | 0.58 | %
Change in fair value from: |  |  |
Market servicing rate increase by 0.10% | $ | (8,123) |  |  | $ | (7,289) |
Market servicing rate decrease by 0.10% | $ | 8,123 |  |  | $ | 7,289 |
Schedule of Financial Instruments Not Recorded at Fair Value | The following tables present the carrying amount and estimated fair values, by level within the fair value hierarchy, of the Company’s assets and liabilities that are not recorded at fair value on a recurring basis:
June 30, 2026 | Carrying Amount |  | Level 1 |  | Level 2 |  | Level 3 |  | Balance at Fair Value
Assets: |  |  |  |  |  |  |  |  |
Loans and leases held for investment at amortized cost, net | $ | 2,993,252 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,161,857 |  |  | $ | 3,161,857 |
Other assets | 46,929 |  |  | — |  |  | 46,929 |  |  | — |  |  | 46,929 |
Total assets | $ | 3,040,181 |  |  | $ | — |  |  | $ | 46,929 |  |  | $ | 3,161,857 |  |  | $ | 3,208,786 |
Liabilities: |  |  |  |  |  |  |  |  |
Deposits(1) | $ | 2,858,839 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,858,081 |  |  | $ | 2,858,081 |
Other liabilities | 37,119 |  |  | — |  |  | 14,496 |  |  | 22,623 |  |  | 37,119 |
Total liabilities | $ | 2,895,958 |  |  | $ | — |  |  | $ | 14,496 |  |  | $ | 2,880,704 |  |  | $ | 2,895,200 |
December 31, 2025 | Carrying Amount |  | Level 1 |  | Level 2 |  | Level 3 |  | Balance at Fair Value
Assets: |  |  |  |  |  |  |  |  |
Loans and leases held for investment at amortized cost, net | $ | 3,997,069 |  |  | $ | — |  |  | $ | — |  |  | $ | 4,251,852 |  |  | $ | 4,251,852 |
Other assets | 47,470 |  |  | — |  |  | 47,312 |  |  | 453 |  |  | 47,765 |
Total assets | $ | 4,044,539 |  |  | $ | — |  |  | $ | 47,312 |  |  | $ | 4,252,305 |  |  | $ | 4,299,617 |
Liabilities: |  |  |  |  |  |  |  |  |
Deposits(1) | $ | 2,434,422 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,437,209 |  |  | $ | 2,437,209 |
Other liabilities | 40,931 |  |  | — |  |  | 11,926 |  |  | 29,005 |  |  | 40,931 |
Total liabilities | $ | 2,475,353 |  |  | $ | — |  |  | $ | 11,926 |  |  | $ | 2,466,214 |  |  | $ | 2,478,140 |
(1) Excludes deposit liabilities with no defined or contractual maturities.

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