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v3.25.1

Fair Value of Financial Instruments (Tables) | 3 Months Ended
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Mar. 31, 2025
Fair Value Disclosures [Abstract] |
Summary of Carrying Amounts and Estimated Fair Values of Financial Instruments | The following tables present the carrying amounts and estimated fair values of the Company’s financial instruments as of March 31, 2025 and December 31, 2024. Fair values for March 31, 2025 and December 31, 2024 were estimated using an exit price notion.
March 31, 2025 |  | Carrying Amount |  | Fair Value |  | Fair Value Measurements
($ in thousands) |  |  |  | Level 1 |  | Level 2 |  | Level 3
Assets |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 389,006 |  |  | $ | 389,006 |  |  | $ | 389,006 |  |  | $ | — |  |  | $ | — |
Available for sale securities |  | 179,148 |  |  | 179,148 |  |  | — |  |  | 179,148 |  |  | — |
Held to maturity securities |  | 469,572 |  |  | 421,428 |  |  | — |  |  | 421,428 |  |  | — |
Equity securities |  | 5,945 |  |  | 5,945 |  |  | — |  |  | 5,945 |  |  | — |
Restricted securities |  | 20,411 |  |  | 20,411 |  |  | — |  |  | 20,411 |  |  | — |
Loans held for sale |  | 15,717 |  |  | 15,717 |  |  | — |  |  | 15,717 |  |  | — |
TBA securities |  | 12 |  |  | 12 |  |  | — |  |  | 12 |  |  | — |
Loans held for investment, at amortized cost, net |  | 4,719,447 |  |  | 4,599,414 |  |  | — |  |  | — |  |  | 4,599,414 |
Mortgage servicing rights |  | 5,535 |  |  | 5,535 |  |  | — |  |  | 5,535 |  |  | — |
Accrued interest receivable |  | 20,555 |  |  | 20,555 |  |  | — |  |  | 20,555 |  |  | — |
IRLCs |  | 392 |  |  | 392 |  |  | — |  |  | — |  |  | 392 |
Liabilities |  |  |  |  |  |  |  |  |  |
Deposits: |  |  |  |  |  |  |  |  |  |
Noninterest-bearing |  | $ | 1,565,017 |  |  | $ | 1,565,017 |  |  | $ | — |  |  | $ | 1,565,017 |  |  | $ | — |
Interest-bearing checking |  | 852,480 |  |  | 852,480 |  |  | — |  |  | 852,480 |  |  | — |
Money market and savings |  | 1,800,529 |  |  | 1,800,529 |  |  | — |  |  | 1,800,529 |  |  | — |
Time deposits |  | 1,242,319 |  |  | 1,241,089 |  |  | — |  |  | 1,241,089 |  |  | — |
FHLB advances |  | 50,000 |  |  | 50,152 |  |  | — |  |  | 50,152 |  |  | — |
TRUPS |  | 29,926 |  |  | 28,044 |  |  | — |  |  | 28,044 |  |  | — |
Subordinated debt |  | 44,053 |  |  | 43,928 |  |  | — |  |  | 43,928 |  |  | — |
TBA Securities |  | 78 |  |  | 78 |  |  | — |  |  | 78 |  |  | — |
Accrued interest payable |  | 3,359 |  |  | 3,359 |  |  | — |  |  | 3,359 |  |  | — |
December 31, 2024 |  | Carrying Amount |  | Fair Value |  | Fair Value Measurements
($ in thousands) |  |  |  | Level 1 |  | Level 2 |  | Level 3
Assets |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 459,851 |  |  | $ | 459,851 |  |  | $ | 459,851 |  |  | $ | — |  |  | $ | — |
Available for sale securities |  | 149,212 |  |  | 149,212 |  |  | — |  |  | 149,212 |  |  | — |
Held to maturity securities |  | 481,077 |  |  | 424,734 |  |  | — |  |  | 424,734 |  |  | — |
Equity securities |  | 5,814 |  |  | 5,814 |  |  | — |  |  | 5,814 |  |  | — |
Restricted securities |  | 20,253 |  |  | 20,253 |  |  | — |  |  | 20,253 |  |  | — |
Loans held for sale |  | 19,606 |  |  | 19,606 |  |  | — |  |  | 19,606 |  |  | — |
TBA securities |  | 164 |  |  | 164 |  |  | — |  |  | 164 |  |  | — |
Loans held for investment, at amortized cost, net |  | 4,714,078 |  |  | 4,561,449 |  |  | — |  |  | — |  |  | 4,561,449 |
Mortgage servicing rights |  | 5,874 |  |  | 5,874 |  |  | — |  |  | 5,874 |  |  | — |
Accrued interest receivable |  | 19,570 |  |  | 19,570 |  |  | — |  |  | 19,570 |  |  | — |
IRLCs |  | 113 |  |  | 113 |  |  | — |  |  | — |  |  | 113 |
Liabilities |  |  |  |  |  |  |  |  |  |
Deposits: |  |  |  |  |  |  |  |  |  |
Noninterest-bearing |  | $ | 1,562,815 |  |  | $ | 1,562,815 |  |  | $ | — |  |  | $ | 1,562,815 |  |  | $ | — |
Interest bearing checking |  | 978,076 |  |  | 978,076 |  |  | — |  |  | 978,076 |  |  | — |
Money market and savings |  | 1,805,884 |  |  | 1,805,884 |  |  | — |  |  | 1,805,884 |  |  | — |
Time deposits |  | 1,181,561 |  |  | 1,179,716 |  |  | — |  |  | 1,179,716 |  |  | — |
FHLB advances |  | 50,000 |  |  | 50,201 |  |  | — |  |  | 50,201 |  |  | — |
TRUPS |  | 29,847 |  |  | 27,952 |  |  | — |  |  | 27,952 |  |  | — |
Subordinated debt |  | 43,870 |  |  | 43,669 |  |  | — |  |  | 43,669 |  |  | — |
TBA securities |  | 23 |  |  | 23 |  |  | — |  |  | 23 |  |  | — |
Accrued interest payable |  | 3,398 |  |  | 3,398 |  |  | — |  |  | 3,398 |  |  | — |

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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Name Accounting Standards Codification -Section 55 -Paragraph 10 -SubTopic 10 -Topic 825 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482881/825-10-55-10 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-13 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482881/825-10-55-12 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-11 + Details
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