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Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2023

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Carried at Fair Value

As of June 30, 2023 and December 31, 2022, our assets carried at fair value on a recurring basis were as follows:

			Level 1						Level 2						Level 3						Total Fair Value
June 30, 2023			(In thousands)
Assets
Investment securities:
Corporate bonds			$	—					$	9,358					$	—					$	9,358
Agency bond securities			—						195,121						—						195,121
Agency mortgage-backed securities			—						2,056,446						—						2,056,446
Municipal bonds			—						23,488						—						23,488
Loans held for sale			—						—						4,343						4,343
Total assets			$	—					$	2,284,413					$	4,343					$	2,288,756
December 31, 2022
Assets
Investment securities:
Corporate bonds			$	—					$	9,346					$	—					$	9,346
Agency bond securities			—						193,106						—						193,106
Agency mortgage-backed securities			—						2,138,262						—						2,138,262
Municipal bonds			—						22,973						—						22,973
Loans held for sale			—						—						5,324						5,324
Total assets			$	—					$	2,363,687					$	5,324					$	2,369,011

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- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class 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://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-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

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X

- References

No definition available.

+ Details

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