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Loans (Tables) | 6 Months Ended
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Jun. 30, 2026
Receivables [Abstract] |
Schedule of Loans and Leases Held for Investment at Amortized Cost and Components of the Allowance for Loan and Lease Losses and Components of Portfolio Segment Receivables | 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 Activity in the ACL by Portfolio Segment | The activity in the ACL by portfolio segment was as follows:
| Three Months Ended June 30, |  |  |  |  |  |
| 2026 |  | 2025 |  |
| Consumer |  | Commercial |  | Total |  | Consumer |  | Commercial |  | Total |  |  |  |  |  |
Allowance for loan and lease losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning of period | $ | 221,196 |  |  | $ | 16,501 |  |  | $ | 237,697 |  |  | $ | 227,608 |  |  | $ | 16,585 |  |  | $ | 244,193 |  |  |  |  |  |  |
Credit loss (benefit) expense | (10,486) |  |  | (399) |  |  | (10,885) |  |  | 41,133 |  |  | (537) |  |  | 40,596 |  |  |  |  |  |  |
Charge-offs | (46,395) |  |  | (32) |  |  | (46,427) |  |  | (48,956) |  |  | (898) |  |  | (49,854) |  |  |  |  |  |  |
Recoveries | 12,412 |  |  | 96 |  |  | 12,508 |  |  | 17,648 |  |  | 406 |  |  | 18,054 |  |  |  |  |  |  |
End of period | $ | 176,727 |  |  | $ | 16,166 |  |  | $ | 192,893 |  |  | $ | 237,433 |  |  | $ | 15,556 |  |  | $ | 252,989 |  |  |  |  |  |  |
Reserve for unfunded lending commitments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning of period | $ | — |  |  | $ | 830 |  |  | $ | 830 |  |  | $ | — |  |  | $ | 1,629 |  |  | $ | 1,629 |  |  |  |  |  |  |
Credit loss benefit | — |  |  | (197) |  |  | (197) |  |  | — |  |  | (44) |  |  | (44) |  |  |  |  |  |  |
End of period(1) | $ | — |  |  | $ | 633 |  |  | $ | 633 |  |  | $ | — |  |  | $ | 1,585 |  |  | $ | 1,585 |  |  |  |  |  |  |
| Six Months Ended June 30,
| 2026 |  | 2025
| Consumer |  | Commercial |  | Total |  | Consumer |  | Commercial |  | Total
Allowance for loan and lease losses: |  |  |  |  |  |  |  |  |  |  |
Beginning of period | $ | 258,811 |  |  | $ | 16,932 |  |  | $ | 275,743 |  |  | $ | 212,598 |  |  | $ | 24,136 |  |  | $ | 236,734 |
Credit loss (benefit) expense | (9,085) |  |  | (954) |  |  | (10,039) |  |  | 97,081 |  |  | (103) |  |  | 96,978 |
Charge-offs | (99,039) |  |  | (158) |  |  | (99,197) |  |  | (107,300) |  |  | (9,130) |  |  | (116,430) |
Recoveries | 26,040 |  |  | 346 |  |  | 26,386 |  |  | 35,054 |  |  | 653 |  |  | 35,707 |
End of period | $ | 176,727 |  |  | $ | 16,166 |  |  | $ | 192,893 |  |  | $ | 237,433 |  |  | $ | 15,556 |  |  | $ | 252,989 |
Reserve for unfunded lending commitments: |  |  |  |  |  |  |  |  |  |
Beginning of period | $ | — |  |  | $ | 1,009 |  |  | $ | 1,009 |  |  | $ | — |  |  | $ | 1,183 |  |  | $ | 1,183 |
Credit loss (benefit) expense | — |  |  | (376) |  |  | (376) |  |  | — |  |  | 402 |  |  | 402 |
End of period(1) | $ | — |  |  | $ | 633 |  |  | $ | 633 |  |  | $ | — |  |  | $ | 1,585 |  |  | $ | 1,585 |
(1) Relates to $35.2 million and $103.4 million of unfunded commitments as of June 30, 2026 and 2025, respectively.
Schedule of Charge-Offs by Origination Year and Consumer Lending Credit Quality Indicators and Commercial Lending Credit Quality Indicators | The following table presents charge-offs by origination year for the first half of 2026:
|  |  |  | Gross Charge-Offs by Origination Year |  |  |  |
|  |  | 2025 |  | 2024 |  | 2023 |  | 2022 |  | Prior |  |  |  | Total
Unsecured consumer(1) |  |  |  | $ | 40,631 |  |  | $ | 28,086 |  |  | $ | 13,687 |  |  | $ | 12,900 |  |  | $ | 2,270 |  |  |  |  | $ | 97,574 |
Residential mortgages |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | — |
Secured consumer |  |  |  | 461 |  |  | 214 |  |  | 413 |  |  | 312 |  |  | 65 |  |  |  |  | 1,465 |
Total consumer loans held for investment at amortized cost |  |  |  | 41,092 |  |  | 28,300 |  |  | 14,100 |  |  | 13,212 |  |  | 2,335 |  |  |  |  | 99,039 |
Equipment finance |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | — |
Commercial real estate |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | — |
Commercial and industrial |  |  |  | — |  |  | — |  |  | 32 |  |  | 126 |  |  | — |  |  |  |  | 158 |
Total commercial loans and leases held for investment at amortized cost |  |  |  | — |  |  | — |  |  | 32 |  |  | 126 |  |  | — |  |  |  |  | 158 |
Total loans and leases held for investment at amortized cost |  |  |  | $ | 41,092 |  |  | $ | 28,300 |  |  | $ | 14,132 |  |  | $ | 13,338 |  |  | $ | 2,335 |  |  |  |  | $ | 99,197 |
(1) Unsecured consumer loans are generally charged-off when a borrower is contractually 120 days past due. The following tables present the classes of financing receivables within the consumer portfolio segment by credit quality indicator based on delinquency status and origination year:
June 30, 2026 |  |  |  | Term Loans and Leases by Origination Year |  |  |  |
|  |  |  | 2025 |  | 2024 |  | 2023 |  | 2022 |  | Prior |  |  |  | Total
Unsecured consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current |  |  |  | $ | 1,285,108 |  |  | $ | 501,367 |  |  | $ | 201,392 |  |  | $ | 163,284 |  |  | $ | 11,819 |  |  |  |  | $ | 2,162,970 |
30-59 days past due |  |  |  | 7,453 |  |  | 4,833 |  |  | 2,130 |  |  | 1,802 |  |  | 340 |  |  |  |  | 16,558 |
60-89 days past due |  |  |  | 6,663 |  |  | 3,628 |  |  | 1,664 |  |  | 1,617 |  |  | 246 |  |  |  |  | 13,818 |
90 or more days past due |  |  |  | 6,145 |  |  | 3,607 |  |  | 1,686 |  |  | 1,522 |  |  | 312 |  |  |  |  | 13,272 |
Total unsecured consumer(1) |  |  |  | 1,305,369 |  |  | 513,435 |  |  | 206,872 |  |  | 168,225 |  |  | 12,717 |  |  |  |  | 2,206,618 |
Residential mortgages |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current |  |  |  | — |  |  | — |  |  | — |  |  | 39,964 |  |  | 106,534 |  |  |  |  | 146,498 |
30-59 days past due |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | — |
60-89 days past due |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | — |
90 or more days past due |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 962 |  |  |  |  | 962 |
Total residential mortgages |  |  |  | — |  |  | — |  |  | — |  |  | 39,964 |  |  | 107,496 |  |  |  |  | 147,460 |
Secured consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current |  |  |  | 103,550 |  |  | 34,012 |  |  | 29,314 |  |  | 16,854 |  |  | 3,999 |  |  |  |  | 187,729 |
30-59 days past due |  |  |  | 871 |  |  | 246 |  |  | 413 |  |  | 543 |  |  | 126 |  |  |  |  | 2,199 |
60-89 days past due |  |  |  | 308 |  |  | 119 |  |  | 133 |  |  | 121 |  |  | 20 |  |  |  |  | 701 |
90 or more days past due |  |  |  | 61 |  |  | — |  |  | 22 |  |  | 44 |  |  | 22 |  |  |  |  | 149 |
Total secured consumer |  |  |  | 104,790 |  |  | 34,377 |  |  | 29,882 |  |  | 17,562 |  |  | 4,167 |  |  |  |  | 190,778 |
Total consumer loans held for investment at amortized cost |  |  |  | $ | 1,410,159 |  |  | $ | 547,812 |  |  | $ | 236,754 |  |  | $ | 225,751 |  |  | $ | 124,380 |  |  |  |  | $ | 2,544,856 |
(1) Excludes basis adjustment for loans previously designated in fair value hedges under the portfolio layer method. As of June 30, 2026, the remaining unamortized basis adjustment totaled $0.4 million and represents an increase to the amortized cost of the previously hedged loans. See “Note 7. Derivative Instruments and Hedging Activities” for additional information.
December 31, 2025 |  | Term Loans and Leases by Origination Year |  |  |  |
|  | 2025 |  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | Prior |  |  |  | Total
Unsecured consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current |  | $ | 1,741,108 |  |  | $ | 740,483 |  |  | $ | 326,147 |  |  | $ | 283,513 |  |  | $ | 39,605 |  |  | $ | — |  |  |  |  | $ | 3,130,856 |
30-59 days past due |  | 9,084 |  |  | 5,680 |  |  | 3,533 |  |  | 3,591 |  |  | 603 |  |  | — |  |  |  |  | 22,491 |
60-89 days past due |  | 6,500 |  |  | 5,447 |  |  | 2,887 |  |  | 3,051 |  |  | 665 |  |  | — |  |  |  |  | 18,550 |
90 or more days past due |  | 4,862 |  |  | 6,049 |  |  | 3,105 |  |  | 3,223 |  |  | 697 |  |  | — |  |  |  |  | 17,936 |
Total unsecured consumer(1) |  | 1,761,554 |  |  | 757,659 |  |  | 335,672 |  |  | 293,378 |  |  | 41,570 |  |  | — |  |  |  |  | 3,189,833 |
Residential mortgages |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current |  | — |  |  | — |  |  | — |  |  | 40,931 |  |  | 50,129 |  |  | 59,039 |  |  |  |  | 150,099 |
30-59 days past due |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | — |
60-89 days past due |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 888 |  |  |  |  | 888 |
90 or more days past due |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 86 |  |  |  |  | 86 |
Total residential mortgages |  | — |  |  | — |  |  | — |  |  | 40,931 |  |  | 50,129 |  |  | 60,013 |  |  |  |  | 151,073 |
Secured consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current |  | 134,255 |  |  | 47,453 |  |  | 42,332 |  |  | 26,961 |  |  | 3,769 |  |  | 2,278 |  |  |  |  | 257,048 |
30-59 days past due |  | 778 |  |  | 261 |  |  | 816 |  |  | 941 |  |  | 210 |  |  | — |  |  |  |  | 3,006 |
60-89 days past due |  | 131 |  |  | 128 |  |  | 109 |  |  | 177 |  |  | 51 |  |  | — |  |  |  |  | 596 |
90 or more days past due |  | 78 |  |  | 31 |  |  | 133 |  |  | 153 |  |  | — |  |  | — |  |  |  |  | 395 |
Total secured consumer |  | 135,242 |  |  | 47,873 |  |  | 43,390 |  |  | 28,232 |  |  | 4,030 |  |  | 2,278 |  |  |  |  | 261,045 |
Total consumer loans held for investment at amortized cost |  | $ | 1,896,796 |  |  | $ | 805,532 |  |  | $ | 379,062 |  |  | $ | 362,541 |  |  | $ | 95,729 |  |  | $ | 62,291 |  |  |  |  | $ | 3,601,951 |
(1) Excludes cumulative basis adjustment for loans designated in fair value hedges under the portfolio layer method. As of December 31, 2025, the basis adjustment totaled $1.6 million and represents an increase to the amortized cost of the hedged loans. See “Note 7. Derivative Instruments and Hedging Activities” for additional information. The following tables present the classes of financing receivables within the commercial portfolio segment by risk rating and origination year:
June 30, 2026 |  |  |  | Term Loans and Leases by Origination Year |  |  |  |  |  |
|  |  |  | 2025 |  | 2024 |  | 2023 |  | 2022 |  | Prior |  |  |  | Total |  | Guaranteed Amount(1)
Equipment finance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 18,817 |  |  | $ | 8,961 |  |  |  |  | $ | 27,778 |  |  | $ | — |
Special mention |  |  |  | — |  |  | — |  |  | — |  |  | 2,016 |  |  | 33 |  |  |  |  | 2,049 |  |  | — |
Substandard |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,728 |  |  |  |  | 2,728 |  |  | — |
Doubtful |  |  |  | — |  |  | — |  |  | — |  |  | 694 |  |  | — |  |  |  |  | 694 |  |  | — |
Loss |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | — |  |  | — |
Total equipment finance |  |  |  | — |  |  | — |  |  | — |  |  | 21,527 |  |  | 11,722 |  |  |  |  | 33,249 |  |  | — |
Commercial real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  |  |  | 96,288 |  |  | 35,495 |  |  | 63,273 |  |  | 92,421 |  |  | 147,568 |  |  |  |  | 435,045 |  |  | 29,645 |
Special mention |  |  |  | — |  |  | 520 |  |  | — |  |  | 453 |  |  | 5,967 |  |  |  |  | 6,940 |  |  | 709 |
Substandard |  |  |  | — |  |  | — |  |  | — |  |  | 422 |  |  | 15,980 |  |  |  |  | 16,402 |  |  | 3,834 |
Doubtful |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 60 |  |  |  |  | 60 |  |  | — |
Loss |  |  |  | — |  |  | — |  |  | — |  |  | 1,121 |  |  | 635 |  |  |  |  | 1,756 |  |  | 1,536 |
Total commercial real estate |  |  |  | 96,288 |  |  | 36,015 |  |  | 63,273 |  |  | 94,417 |  |  | 170,210 |  |  |  |  | 460,203 |  |  | 35,724 |
Commercial and industrial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  |  |  | 23,977 |  |  | 26,420 |  |  | 13,198 |  |  | 12,056 |  |  | 25,422 |  |  |  |  | 101,073 |  |  | 68,584 |
Special mention |  |  |  | — |  |  | — |  |  | — |  |  | 5,876 |  |  | — |  |  |  |  | 5,876 |  |  | 4,499 |
Substandard |  |  |  | — |  |  | 2,635 |  |  | 9,175 |  |  | 11,238 |  |  | 6,872 |  |  |  |  | 29,920 |  |  | 20,677 |
Doubtful |  |  |  | — |  |  | — |  |  | — |  |  | 2,880 |  |  | 1,443 |  |  |  |  | 4,323 |  |  | 3,444 |
Loss |  |  |  | — |  |  | 751 |  |  | 1,783 |  |  | 3,715 |  |  | — |  |  |  |  | 6,249 |  |  | 6,249 |
Total commercial and industrial |  |  |  | 23,977 |  |  | 29,806 |  |  | 24,156 |  |  | 35,765 |  |  | 33,737 |  |  |  |  | 147,441 |  |  | 103,453 |
Total commercial loans and leases held for investment at amortized cost |  |  |  | $ | 120,265 |  |  | $ | 65,821 |  |  | $ | 87,429 |  |  | $ | 151,709 |  |  | $ | 215,669 |  |  |  |  | $ | 640,893 |  |  | $ | 139,177 |
(1) Represents loan balances guaranteed by the SBA.
December 31, 2025 |  | Term Loans and Leases by Origination Year |  |  |  |  |  |
|  | 2025 |  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | Prior |  |  |  | Total |  | Guaranteed Amount(1)
Equipment finance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 21,283 |  |  | $ | 1,990 |  |  | $ | 9,762 |  |  |  |  | $ | 33,035 |  |  | $ | — |
Special mention |  | — |  |  | — |  |  | — |  |  | 2,587 |  |  | 227 |  |  | — |  |  |  |  | 2,814 |  |  | — |
Substandard |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,212 |  |  | — |  |  |  |  | 3,212 |  |  | — |
Doubtful |  | — |  |  | — |  |  | — |  |  | 696 |  |  | — |  |  | — |  |  |  |  | 696 |  |  | — |
Loss |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | — |  |  | — |
Total equipment finance |  | — |  |  | — |  |  | — |  |  | 24,566 |  |  | 5,429 |  |  | 9,762 |  |  |  |  | 39,757 |  |  | — |
Commercial real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | 95,736 |  |  | 36,356 |  |  | 63,750 |  |  | 94,771 |  |  | 32,452 |  |  | 121,231 |  |  |  |  | 444,296 |  |  | 30,959 |
Special mention |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 6,088 |  |  |  |  | 6,088 |  |  | — |
Substandard |  | — |  |  | — |  |  | — |  |  | 428 |  |  | 8,433 |  |  | 11,370 |  |  |  |  | 20,231 |  |  | 7,005 |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 61 |  |  |  |  | 61 |  |  | — |
Loss |  | — |  |  | — |  |  | — |  |  | 1,121 |  |  | 271 |  |  | 421 |  |  |  |  | 1,813 |  |  | 1,543 |
Total commercial real estate |  | 95,736 |  |  | 36,356 |  |  | 63,750 |  |  | 96,320 |  |  | 41,156 |  |  | 139,171 |  |  |  |  | 472,489 |  |  | 39,507 |
Commercial and industrial |  |
Pass |  | 21,987 |  |  | 28,942 |  |  | 16,580 |  |  | 18,108 |  |  | 19,441 |  |  | 7,879 |  |  |  |  | 112,937 |  |  | 75,216 |
Special mention |  | — |  |  | — |  |  | — |  |  | 8,535 |  |  | 2,959 |  |  | 67 |  |  |  |  | 11,561 |  |  | 9,264 |
Substandard |  | — |  |  | 1,438 |  |  | 8,275 |  |  | 5,153 |  |  | 3,126 |  |  | 3,010 |  |  |  |  | 21,002 |  |  | 13,790 |
Doubtful |  | — |  |  | — |  |  | — |  |  | 3,456 |  |  | 1,348 |  |  | 511 |  |  |  |  | 5,315 |  |  | 4,353 |
Loss |  | — |  |  | 751 |  |  | 1,766 |  |  | 3,686 |  |  | — |  |  | — |  |  |  |  | 6,203 |  |  | 6,203 |
Total commercial and industrial |  | 21,987 |  |  | 31,131 |  |  | 26,621 |  |  | 38,938 |  |  | 26,874 |  |  | 11,467 |  |  |  |  | 157,018 |  |  | 108,826 |
Total commercial loans and leases held for investment at amortized cost |  | $ | 117,723 |  |  | $ | 67,487 |  |  | $ | 90,371 |  |  | $ | 159,824 |  |  | $ | 73,459 |  |  | $ | 160,400 |  |  |  |  | $ | 669,264 |  |  | $ | 148,333 |
(1) Represents loan balances guaranteed by the SBA.
Schedule of Analysis of the Past Due Loans and Leases HFI at Amortized Cost and Nonaccrual Loans and Leases | The following tables present loans and leases HFI at amortized cost within the commercial portfolio segment by delinquency status:
June 30, 2026 | Current |  | 30-59 Days |  | 60-89 Days |  | 90 or More Days |  | Total |  |
Equipment finance | $ | 29,827 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,422 |  |  | $ | 33,249 |  |  |
Commercial real estate | 452,065 |  |  | 1,765 |  |  | — |  |  | 6,373 |  |  | 460,203 |  |  |
Commercial and industrial | 118,763 |  |  | 2,560 |  |  | 2,888 |  |  | 23,230 |  |  | 147,441 |  |  |
Total commercial loans and leases held for investment at amortized cost | $ | 600,655 |  |  | $ | 4,325 |  |  | $ | 2,888 |  |  | $ | 33,025 |  |  | $ | 640,893 |  |  |
December 31, 2025 | Current |  | 30-59 Days |  | 60-89 Days |  | 90 or More Days |  | Total |  |  |  |  |  |
Equipment finance | $ | 35,973 |  |  | $ | 696 |  |  | $ | — |  |  | $ | 3,088 |  |  | $ | 39,757 |  |  |  |  |  |  |
Commercial real estate | 461,307 |  |  | — |  |  | — |  |  | 11,182 |  |  | 472,489 |  |  |  |  |  |  |
Commercial and industrial | 133,526 |  |  | 1,540 |  |  | 1,878 |  |  | 20,074 |  |  | 157,018 |  |  |  |  |  |  |
Total commercial loans and leases held for investment at amortized cost | $ | 630,806 |  |  | $ | 2,236 |  |  | $ | 1,878 |  |  | $ | 34,344 |  |  | $ | 669,264 |  |  |  |  |  |  |
The following table presents nonaccrual loans and leases HFI at amortized cost:
| June 30, 2026 |  | December 31, 2025 |  |
| Nonaccrual |  | Nonaccrual with no related ACL(1) |  | Nonaccrual |  | Nonaccrual with no related ACL(1) |  |  |  |  |  |
Unsecured consumer | $ | 13,272 |  |  | $ | — |  |  | $ | 17,936 |  |  | $ | — |  |  |  |  |  |  |
Residential mortgages | 1,230 |  |  | 1,230 |  |  | 431 |  |  | 431 |  |  |  |  |  |  |
Secured consumer | 149 |  |  | — |  |  | 395 |  |  | — |  |  |  |  |  |  |
Total nonaccrual consumer loans held for investment at amortized cost | 14,651 |  |  | 1,230 |  |  | 18,762 |  |  | 431 |  |  |  |  |  |  |
Equipment finance | 3,422 |  |  | — |  |  | 3,088 |  |  | — |  |  |  |  |  |  |
Commercial real estate | 6,809 |  |  | 1,857 |  |  | 11,253 |  |  | 5,799 |  |  |  |  |  |  |
Commercial and industrial | 30,437 |  |  | 10,997 |  |  | 27,329 |  |  | 10,137 |  |  |  |  |  |  |
Total nonaccrual commercial loans and leases held for investment at amortized cost(2) | 40,668 |  |  | 12,854 |  |  | 41,670 |  |  | 15,936 |  |  |  |  |  |  |
Total nonaccrual loans and leases held for investment at amortized cost | $ | 55,319 |  |  | $ | 14,084 |  |  | $ | 60,432 |  |  | $ | 16,367 |  |  |  |  |  |  |
(1) Subset of total nonaccrual loans and leases HFI at amortized cost. (2) Includes $28.3 million and $29.7 million in loan balances guaranteed by the SBA as of June 30, 2026 and December 31, 2025, respectively.
| June 30, 2026 |  | December 31, 2025 |  |
| Nonaccrual |  | Nonaccrual Ratios(1) |  | Nonaccrual |  | Nonaccrual Ratios(1) |  |  |  |  |  |
Total nonaccrual consumer loans held for investment at amortized cost | $ | 14,651 |  |  | 0.6 | % |  | $ | 18,762 |  |  | 0.5 | % |  |  |  |  |  |
Total nonaccrual commercial loans and leases held for investment at amortized cost | 40,668 |  |  | 6.3 | % |  | 41,670 |  |  | 6.2 | % |  |  |  |  |  |
Total nonaccrual loans and leases held for investment at amortized cost | $ | 55,319 |  |  | 1.7 | % |  | $ | 60,432 |  |  | 1.4 | % |  |  |  |  |  |
(1) Calculated as the ratio of nonaccrual loans and leases to loans and leases HFI at amortized cost.
Schedule of Loan Modifications and Amortized Cost of Loan Modifications | The table below presents the amortized cost of loans that were modified during the periods presented, by modification type:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2026 |  | 2025 |  | 2026 |  | 2025
Short-term payment reduction | $ | 5,829 |  |  | $ | 6,892 |  |  | $ | 10,835 |  |  | $ | 12,686 |
Permanent loan modification | 1,384 |  |  | 1,764 |  |  | 3,007 |  |  | 3,286 |
Debt settlement | 2,373 |  |  | 2,859 |  |  | 2,383 |  |  | 2,903 |
Total loan modifications – unsecured consumer loans | $ | 9,586 |  |  | $ | 11,515 |  |  | $ | 16,225 |  |  | $ | 18,875 |
% of unsecured consumer loans at amortized cost as of period end | 0.4 | % |  | 0.3 | % |  | 0.7 | % |  | 0.6 | %
The following table presents the delinquency status of the amortized cost of loan modifications as of the periods presented below that were modified during the preceding twelve months:
| June 30, 2026 |  | June 30, 2025
| Short-term Payment Reduction |  | Permanent Loan Modification |  | Debt Settlement |  | Short-term Payment Reduction |  | Permanent Loan Modification |  | Debt Settlement
Unsecured consumer loans |  |  |  |  |  |  |  |  |  |  |
Current | $ | 14,475 |  |  | $ | 5,244 |  |  | $ | 7 |  |  | $ | 17,743 |  |  | $ | 5,433 |  |  | $ | — |
30-59 days | 1,191 |  |  | 180 |  |  | 10 |  |  | 1,372 |  |  | 135 |  |  | — |
60-89 days | 840 |  |  | 143 |  |  | 225 |  |  | 1,240 |  |  | 242 |  |  | 535 |
90 or more days | 575 |  |  | 64 |  |  | 2,145 |  |  | 1,074 |  |  | 153 |  |  | 2,374 |
Total loan modifications | $ | 17,081 |  |  | $ | 5,631 |  |  | $ | 2,387 |  |  | $ | 21,429 |  |  | $ | 5,963 |  |  | $ | 2,909 |
Schedule of Total Amount of Charge-Offs for Loan Modifications | The table below presents the total amount of charge-offs during the period for loan modifications that were entered into within the preceding twelve months of charge-off:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2026 |  | 2025 |  | 2026 |  | 2025
Short-term payment reduction | $ | 1,944 |  |  | $ | 2,132 |  |  | $ | 3,790 |  |  | $ | 4,718 |
Permanent loan modification | 228 |  |  | 381 |  |  | 667 |  |  | 903 |
Debt settlement | 7,343 |  |  | 8,829 |  |  | 16,011 |  |  | 22,165 |
Total loan modifications – unsecured consumer loans | $ | 9,515 |  |  | $ | 11,342 |  |  | $ | 20,468 |  |  | $ | 27,786 |

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