XML 121 R105.htm IDEA: XBRL DOCUMENT v3.25.0.1
Fair Value Measurements - Carrying Amounts and Estimated Fair Values of Financial Instruments (Details)
$ in Thousands
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Financial Assets:    
Investment securities HTM $ 231,124 $ 250,518
Equity investments without readily determinable fair values 35,600 39,387
OREO | Non-recurring basis    
Estimated fair values of financial instruments    
Assets   63
Level 1 | OREO | Non-recurring basis    
Estimated fair values of financial instruments    
Assets   0
Level 1 | Carrying Amount    
Financial Assets:    
Cash and cash equivalents 458,199 1,928,967
Financial Liabilities:    
Convertible notes 444 444
Level 1 | Estimated Fair Value    
Financial Assets:    
Cash and cash equivalents 458,199 1,928,967
Financial Liabilities:    
Convertible notes 438 451
Level 2/3 | Carrying Amount    
Financial Assets:    
Accrued interest receivable 51,169 61,720
Level 2/3 | Estimated Fair Value    
Financial Assets:    
Accrued interest receivable 51,169 61,720
Level 2 | OREO | Non-recurring basis    
Estimated fair values of financial instruments    
Assets   0
Level 2 | Carrying Amount    
Financial Assets:    
Investment securities HTM 252,385 263,912
Equity investments without readily determinable fair values 35,625  
Loans held for sale 14,491 3,408
Customers’ liabilities on acceptances 484 471
Financial Liabilities:    
Noninterest bearing deposits 3,377,950 3,914,967
Money market, interest bearing demand and savings deposits 5,175,735 4,872,029
Time deposits 5,773,804 5,966,757
FHLB and FRB borrowings, Fair Value Disclosure 239,000  
FHLB and FRB borrowings   1,795,726
Subordinated debentures 109,140 107,825
Accrued interest payable 93,784 168,174
Acceptances outstanding 484 471
Level 2 | Estimated Fair Value    
Financial Assets:    
Investment securities HTM 231,124 250,518
Equity investments without readily determinable fair values 35,625 39,387
Loans held for sale 14,504 3,419
Customers’ liabilities on acceptances 484 471
Financial Liabilities:    
Noninterest bearing deposits 3,377,950 3,914,967
Money market, interest bearing demand and savings deposits 5,175,735 4,872,029
Time deposits 5,782,223 5,974,125
FHLB and FRB borrowings, Fair Value Disclosure 239,358  
FHLB and FRB borrowings   1,795,820
Subordinated debentures 105,729 99,358
Accrued interest payable 93,784 168,174
Acceptances outstanding 484 471
Level 3 | Collateral dependent loans | Non-recurring basis | Selling cost | Collateral fair value    
Estimated fair values of financial instruments    
Assets $ 7,963 $ 4,468
Alternative Investment, Measurement Input 0.085  
Level 3 | Collateral dependent loans | Non-recurring basis | Selling cost | Collateral fair value | Minimum    
Estimated fair values of financial instruments    
Alternative Investment, Measurement Input   0.045
Level 3 | Collateral dependent loans | Non-recurring basis | Selling cost | Collateral fair value | Maximum    
Estimated fair values of financial instruments    
Alternative Investment, Measurement Input   0.085
Level 3 | Collateral dependent loans | Non-recurring basis | Selling cost | Collateral fair value | Weighted Average    
Estimated fair values of financial instruments    
Alternative Investment, Measurement Input 0.085 0.076
Level 3 | Collateral dependent loans | Non-recurring basis | Discount rate | Asset fair value    
Estimated fair values of financial instruments    
Assets $ 21,320 $ 1,708
Alternative Investment, Measurement Input   0.48
Level 3 | Collateral dependent loans | Non-recurring basis | Discount rate | Asset fair value | Minimum    
Estimated fair values of financial instruments    
Alternative Investment, Measurement Input 0.101  
Level 3 | Collateral dependent loans | Non-recurring basis | Discount rate | Asset fair value | Maximum    
Estimated fair values of financial instruments    
Alternative Investment, Measurement Input 0.912  
Level 3 | Collateral dependent loans | Non-recurring basis | Discount rate | Asset fair value | Weighted Average    
Estimated fair values of financial instruments    
Alternative Investment, Measurement Input 0.388 0.48
Level 3 | Collateral dependent loans | Non-recurring basis | Revenue and EBITDA Multiple | Enterprise value    
Estimated fair values of financial instruments    
Assets $ 10,336  
Level 3 | Collateral dependent loans | Non-recurring basis | EBITDA(1) multiple | Enterprise value    
Estimated fair values of financial instruments    
Assets $ 2,359  
Alternative Investment, Measurement Input 5.2  
Level 3 | Collateral dependent loans | Non-recurring basis | EBITDA(1) multiple | Enterprise value | Weighted Average    
Estimated fair values of financial instruments    
Alternative Investment, Measurement Input 5.2  
Level 3 | Collateral dependent loans | Non-recurring basis | Enterprise, Revenue Multiple | Enterprise value    
Estimated fair values of financial instruments    
Alternative Investment, Measurement Input 1.0  
Level 3 | Collateral dependent loans | Non-recurring basis | Enterprise, Revenue Multiple | Enterprise value | Weighted Average    
Estimated fair values of financial instruments    
Alternative Investment, Measurement Input 1.0  
Level 3 | Collateral dependent loans | Non-recurring basis | Enterprise, EBITDA Multiple | Enterprise value    
Estimated fair values of financial instruments    
Alternative Investment, Measurement Input 8.0  
Level 3 | Collateral dependent loans | Non-recurring basis | Enterprise, EBITDA Multiple | Enterprise value | Weighted Average    
Estimated fair values of financial instruments    
Alternative Investment, Measurement Input 8.0  
Level 3 | OREO | Non-recurring basis    
Estimated fair values of financial instruments    
Assets   $ 63
Level 3 | OREO | Non-recurring basis | Selling cost | Property fair value    
Estimated fair values of financial instruments    
Assets   $ 63
Alternative Investment, Measurement Input   0.085
Level 3 | OREO | Non-recurring basis | Selling cost | Property fair value | Weighted Average    
Estimated fair values of financial instruments    
Alternative Investment, Measurement Input   0.085
Level 3 | Carrying Amount    
Financial Assets:    
Loans receivable, net $ 13,467,745 $ 13,694,925
Servicing assets, net 10,051 9,631
Level 3 | Estimated Fair Value    
Financial Assets:    
Loans receivable, net 13,179,753 13,270,444
Servicing assets, net $ 19,113 $ 14,853