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v3.25.1

Loans Held For Sale (Tables) | 3 Months Ended
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Mar. 31, 2025
Receivables [Abstract] |
Schedule of Loans Held for Sale | Loans held for sale, at the lower of cost or fair value, consist of the following as of the dates indicated:
| March 31, 2025 |  | December 31, 2024
One-to-four family | $ | 2,778 |  |  | $ | 408 |
SBA | 26,940 |  |  | 22,867 |
HELOCs | 121,446 |  |  | 178,743 |
Total loans held for sale, at the lower of cost or fair value | $ | 151,164 |  |  | $ | 202,018 |
Loans consist of the following at the dates indicated(1):
| March 31, 2025 |  | December 31, 2024
Commercial real estate |  |  |
Construction and land development | $ | 247,539 |  |  | $ | 274,356 |
Commercial real estate – owner occupied | 570,150 |  |  | 545,490 |
Commercial real estate – non-owner occupied | 867,711 |  |  | 866,094 |
Multifamily | 118,094 |  |  | 120,425 |
Total commercial real estate | 1,803,494 |  |  | 1,806,365 |
Commercial |  |  |
Commercial and industrial | 349,085 |  |  | 316,159 |
Equipment finance | 380,166 |  |  | 406,400 |
Municipal leases | 163,554 |  |  | 165,984 |
Total commercial | 892,805 |  |  | 888,543 |
Residential real estate |  |  |
Construction and land development | 56,858 |  |  | 53,683 |
One-to-four family | 631,537 |  |  | 630,391 |
HELOCs | 199,747 |  |  | 195,288 |
Total residential real estate | 888,142 |  |  | 879,362 |
Consumer | 64,168 |  |  | 74,029 |
Total loans, net of deferred loan fees and costs | 3,648,609 |  |  | 3,648,299 |
Allowance for credit losses - loans | (44,742) |  |  | (45,285) |
Loans, net | $ | 3,603,867 |  |  | $ | 3,603,014 |
(1) At March 31, 2025 and December 31, 2024 accrued interest receivable of $17,450 and $17,569, respectively, was accounted for separately from the amortized cost basis. The following tables provide a breakdown between loans identified as CDAs and non-CDAs, by segment and class, as well as collateral coverage for those loans as of the dates indicated below:
| Type and Extent of Collateral Securing CDAs |  | Non-CDAs |  |
March 31, 2025 | Residential Property |  | Investment Property |  | Commercial Property |  | Business Assets |  |  |  |  | Total
Commercial real estate |  |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | 247,539 |  |  | $ | 247,539 |
Commercial real estate – owner occupied | — |  |  | — |  |  | 6,904 |  |  | — |  |  |  |  | 563,246 |  |  | 570,150 |
Commercial real estate – non-owner occupied | — |  |  | — |  |  | 3,822 |  |  | — |  |  |  |  | 863,889 |  |  | 867,711 |
Multifamily | — |  |  | — |  |  | — |  |  | — |  |  |  |  | 118,094 |  |  | 118,094 |
Total commercial real estate | — |  |  | — |  |  | 10,726 |  |  | — |  |  |  |  | 1,792,768 |  |  | 1,803,494 |
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial | — |  |  | — |  |  | — |  |  | 1,152 |  |  |  |  | 347,933 |  |  | 349,085 |
Equipment finance | — |  |  | — |  |  | — |  |  | 1,194 |  |  |  |  | 378,972 |  |  | 380,166 |
Municipal leases | — |  |  | — |  |  | — |  |  | — |  |  |  |  | 163,554 |  |  | 163,554 |
Total commercial | — |  |  | — |  |  | — |  |  | 2,346 |  |  |  |  | 890,459 |  |  | 892,805 |
Residential real estate |  |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development | — |  |  | — |  |  | — |  |  | — |  |  |  |  | 56,858 |  |  | 56,858 |
One-to-four family | 712 |  |  | — |  |  | — |  |  | — |  |  |  |  | 630,825 |  |  | 631,537 |
HELOCs | 1,013 |  |  | — |  |  | — |  |  | — |  |  |  |  | 198,734 |  |  | 199,747 |
Total residential real estate | 1,725 |  |  | — |  |  | — |  |  | — |  |  |  |  | 886,417 |  |  | 888,142 |
Consumer | — |  |  | — |  |  | — |  |  | — |  |  |  |  | 64,168 |  |  | 64,168 |
Total | $ | 1,725 |  |  | $ | — |  |  | $ | 10,726 |  |  | $ | 2,346 |  |  |  |  | $ | 3,633,812 |  |  | $ | 3,648,609 |
Total collateral value | $ | 1,481 |  |  | $ | — |  |  | $ | 14,682 |  |  | $ | 992 |  |  |  |  |  |  |
| Type and Extent of Collateral Securing CDAs |  | Non-CDAs |  |
December 31, 2024 | Residential Property |  | Investment Property |  | Commercial Property |  | Business Assets |  |  |  |  | Total
Commercial real estate |  |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | 274,356 |  |  | $ | 274,356 |
Commercial real estate – owner occupied | — |  |  | — |  |  | 6,376 |  |  | — |  |  |  |  | 539,114 |  |  | 545,490 |
Commercial real estate – non-owner occupied | — |  |  | — |  |  | 3,820 |  |  | — |  |  |  |  | 862,274 |  |  | 866,094 |
Multifamily | — |  |  | — |  |  | — |  |  | — |  |  |  |  | 120,425 |  |  | 120,425 |
Total commercial real estate | — |  |  | — |  |  | 10,196 |  |  | — |  |  |  |  | 1,796,169 |  |  | 1,806,365 |
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial | — |  |  | — |  |  | — |  |  | 585 |  |  |  |  | 315,574 |  |  | 316,159 |
Equipment finance | — |  |  | — |  |  | — |  |  | 717 |  |  |  |  | 405,683 |  |  | 406,400 |
Municipal leases | — |  |  | — |  |  | — |  |  | — |  |  |  |  | 165,984 |  |  | 165,984 |
Total commercial | — |  |  | — |  |  | — |  |  | 1,302 |  |  |  |  | 887,241 |  |  | 888,543 |
Residential real estate |  |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development | — |  |  | — |  |  | — |  |  | — |  |  |  |  | 53,683 |  |  | 53,683 |
One-to-four family | — |  |  | — |  |  | — |  |  | — |  |  |  |  | 630,391 |  |  | 630,391 |
HELOCs | — |  |  | — |  |  | — |  |  | — |  |  |  |  | 195,288 |  |  | 195,288 |
Total residential real estate | — |  |  | — |  |  | — |  |  | — |  |  |  |  | 879,362 |  |  | 879,362 |
Consumer | — |  |  | — |  |  | — |  |  | — |  |  |  |  | 74,029 |  |  | 74,029 |
Total | $ | — |  |  | $ | — |  |  | $ | 10,196 |  |  | $ | 1,302 |  |  |  |  | $ | 3,636,801 |  |  | $ | 3,648,299 |
Total collateral value | $ | — |  |  | $ | — |  |  | $ | 13,938 |  |  | $ | 748 |  |  |  |  |  |  |

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