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Fair Value Measurements (Tables)

12 Months Ended

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			$	—					$	—					$	—

X

- 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

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X

- References

No definition available.

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X

- 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

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