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Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2024

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Carried at Fair Value

As of March 31, 2024 and December 31, 2023, our assets carried at fair value on a recurring basis were as follows:

			Level 1						Level 2						Level 3						Total Fair Value
March 31, 2024			(In thousands)
Assets
Investment securities:
Corporate bonds			$	—					$	9,667					$	—					$	9,667
Agency bond securities			—						198,527						—						198,527
Agency mortgage-backed securities			—						1,947,474						—						1,947,474
Municipal bonds			—						23,304						—						23,304
Loans held for sale			—						—						4,404						4,404
Total assets			$	—					$	2,178,972					$	4,404					$	2,183,376
December 31, 2023
Assets
Investment securities:
Corporate bonds			$	—					$	9,626					$	—					$	9,626
Agency bond securities			—						200,230						—						200,230
Agency mortgage-backed securities			—						2,003,510						—						2,003,510
Municipal bonds			—						23,635						—						23,635
Loans held for sale			—						—						4,735						4,735
Total assets			$	—					$	2,237,001					$	4,735					$	2,241,736

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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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