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Fair Value Measurements (Tables) | 12 Months Ended
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Dec. 31, 2024
Fair Value Disclosures [Abstract] |
Schedule of Assets and Liabilities Carried at Fair Value | As of December 31, 2024 and 2023, our assets carried at fair value on a recurring basis were as follows:
| Level 1 |  | Level 2 |  | Level 3 |  | Total Fair Value
December 31, 2024 | (In thousands)
Assets |  |  |  |  |  |  |
Investment securities: |  |  |  |  |  |  |
Corporate bonds | $ | — |  |  | $ | 9,890 |  |  | $ | — |  |  | $ | 9,890 |
Agency bond securities | — |  |  | 202,496 |  |  | — |  |  | 202,496 |
Agency mortgage-backed securities | — |  |  | 1,797,573 |  |  | — |  |  | 1,797,573 |
Municipal bonds | — |  |  | 22,843 |  |  | — |  |  | 22,843 |
Loans held for sale | — |  |  | — |  |  | 3,849 |  |  | 3,849 |
Total assets | $ | — |  |  | $ | 2,032,802 |  |  | $ | 3,849 |  |  | $ | 2,036,651 |
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 |
Schedule of Changes in Contingent Consideration Payable | The following table presents changes in our contingent consideration payable for the years ended December 31, 2024, 2023 and 2022, which is categorized in Level 3 of the fair value hierarchy:
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
| (In thousands)
Balance, beginning of period | $ | — |  |  | $ | — |  |  | $ | 1,347 |
Payments of contingent consideration | — |  |  | — |  |  | (1,647) |
Change in fair value of contingent consideration | — |  |  | — |  |  | 300 |
Balance, end of period | $ | — |  |  | $ | — |  |  | $ | — |

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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://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
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- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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