XML 44 R33.htm IDEA: XBRL DOCUMENT
v3.26.1

FAIR VALUE (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2026
Fair Value Disclosures [Abstract] |
Schedule of Fair Value, by Balance Sheet Grouping | The carrying amounts and estimated fair values of financial instruments that are reported on the balance sheet were as follows:
| March 31, 2026
Carrying Amount |  | Estimated Fair Value
| Level 1 |  | Level 2 |  | Level 3 |  | Total
(In thousands)
Financial assets |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 549,570 |  |  | $ | 549,570 |  |  | $ | — |  |  | $ | — |  |  | $ | 549,570 |
Available for sale securities | 1,864,710 |  |  | — |  |  | 1,864,710 |  |  | — |  |  | 1,864,710 |
Loans held for investment, net of allowance | 7,502,521 |  |  | — |  |  | — |  |  | 7,471,807 |  |  | 7,471,807 |
Accrued interest receivable | 36,589 |  |  | 499 |  |  | 7,687 |  |  | 28,403 |  |  | 36,589 |
Financial liabilities |  |  |  |  |  |  |  |  |
Deposits | $ | 8,982,010 |  |  | $ | — |  |  | $ | 8,979,347 |  |  | $ | — |  |  | $ | 8,979,347 |
Accrued interest payable | 5,240 |  |  | — |  |  | 5,240 |  |  | — |  |  | 5,240 |
Borrowed funds | 135,000 |  |  | — |  |  | 135,000 |  |  | — |  |  | 135,000 |
Subordinated debt | 40,256 |  |  | — |  |  | 40,239 |  |  | — |  |  | 40,239 |
| December 31, 2025
Carrying Amount |  | Estimated Fair Value
| Level 1 |  | Level 2 |  | Level 3 |  | Total
(In thousands)
Financial assets |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 419,453 |  |  | $ | 419,453 |  |  | $ | — |  |  | $ | — |  |  | $ | 419,453 |
Available for sale securities | 2,198,459 |  |  | — |  |  | 2,198,459 |  |  | — |  |  | 2,198,459 |
Loans held for investment, net of allowance | 7,216,962 |  |  | — |  |  | — |  |  | 7,203,747 |  |  | 7,203,747 |
Accrued interest receivable | 35,869 |  |  | 294 |  |  | 7,950 |  |  | 27,625 |  |  | 35,869 |
Financial liabilities |  |  |  |  |  |  |  |  |
Deposits | $ | 9,021,466 |  |  | $ | — |  |  | $ | 9,019,219 |  |  | $ | — |  |  | $ | 9,019,219 |
Accrued interest payable | 5,508 |  |  | — |  |  | 5,508 |  |  | — |  |  | 5,508 |
Subordinated debt | 40,226 |  |  | — |  |  | 40,473 |  |  | — |  |  | 40,473 |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis | The following tables present fair values for assets and liabilities measured on a recurring basis:
| March 31, 2026
Level 1 |  | Level 2 |  | Level 3 |  | Total
(In thousands)
Financial assets |  |  |  |  |  |  |
Available for sale securities: |  |  |  |  |  |  |
U.S. government and agency securities | $ | — |  |  | $ | 87,645 |  |  | $ | — |  |  | $ | 87,645 |
Municipal securities | — |  |  | 193,619 |  |  | — |  |  | 193,619 |
Agency mortgage-backed pass-through securities | — |  |  | 805,887 |  |  | — |  |  | 805,887 |
Agency collateralized mortgage obligations | — |  |  | 673,985 |  |  | — |  |  | 673,985 |
Corporate bonds and other | — |  |  | 103,574 |  |  | — |  |  | 103,574 |
Interest rate swaps and caps | — |  |  | 4,114 |  |  | — |  |  | 4,114 |
Credit risk participation agreements | — |  |  | — |  |  | 6 |  |  | 6 |
Total fair value of financial assets | $ | — |  |  | $ | 1,868,824 |  |  | $ | 6 |  |  | $ | 1,868,830 |
Financial liabilities |  |  |  |  |  |  |
Interest rate swaps and caps | $ | — |  |  | $ | 4,114 |  |  | $ | — |  |  | $ | 4,114 |
Total fair value of financial liabilities | $ | — |  |  | $ | 4,114 |  |  | $ | — |  |  | $ | 4,114 |
| December 31, 2025
Level 1 |  | Level 2 |  | Level 3 |  | Total
(In thousands)
Financial assets |  |  |  |  |  |  |
Available for sale securities: |  |  |  |  |  |  |
U.S. government and agency securities | $ | — |  |  | $ | 392,475 |  |  | $ | — |  |  | $ | 392,475 |
Municipal securities | — |  |  | 196,201 |  |  | — |  |  | 196,201 |
Agency mortgage-backed pass-through securities | — |  |  | 807,986 |  |  | — |  |  | 807,986 |
Agency collateralized mortgage obligations | — |  |  | 697,065 |  |  | — |  |  | 697,065 |
Corporate bonds and other | — |  |  | 104,732 |  |  | — |  |  | 104,732 |
Interest rate swaps and caps | — |  |  | 4,252 |  |  | — |  |  | 4,252 |
Credit risk participation agreements | — |  |  | — |  |  | 6 |  |  | 6 |
Total fair value of financial assets | $ | — |  |  | $ | 2,202,711 |  |  | $ | 6 |  |  | $ | 2,202,717 |
Financial liabilities |  |  |  |  |  |  |
Interest rate swaps and caps | $ | — |  |  | $ | 4,252 |  |  | $ | — |  |  | $ | 4,252 |
Total fair value of financial liabilities | $ | — |  |  | $ | 4,252 |  |  | $ | — |  |  | $ | 4,252 |
Schedule of Fair Value Measurements, Nonrecurring | Assets measured on a nonrecurring basis for the periods noted are summarized in the table below:
| March 31, 2026
Level 1 |  | Level 2 |  | Level 3
(In thousands)
Loans: |  |  |  |  |
Commercial and industrial | $ | — |  |  | $ | — |  |  | $ | 11,242 |
Commercial real estate construction and land development | — |  |  | — |  |  | 12,505 |
Residential construction | — |  |  | — |  |  | 5,139 |
Foreclosed assets | — |  |  | — |  |  | 9,454 |
Total | $ | — |  |  | $ | — |  |  | $ | 38,340 |
| December 31, 2025
Level 1 |  | Level 2 |  | Level 3
(In thousands)
Loans: |  |  |  |  |
Commercial and industrial | $ | — |  |  | $ | — |  |  | $ | 10,528 |
Commercial real estate construction and land development | — |  |  | — |  |  | 10,377 |
Consumer and other | — |  |  | — |  |  | 6,203 |
Foreclosed assets | — |  |  | — |  |  | 7,492 |
Total | $ | — |  |  | $ | — |  |  | $ | 34,600 |

X
- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 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 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration