v3.25.3
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and cash equivalents $ 1,726,969 $ 1,016,132
Securities available-for-sale ("AFS"), at fair value (amortized cost of $1,556,876 and $1,335,225 at September 30, 2025 and December 31, 2024 respectively; net of allowance for credit losses of $634 and $4,134 at September 30, 2025 and December 31, 2024 respectively) 1,555,139 1,313,885
Securities held-to-maturity ("HTM") (fair value of $597,294 and $636,840 at September 30, 2025 and December 31, 2024, respectively) 647,619 712,105
Loans held for sale ("LHFS") 467,277 1,285,819
Loans held for investment 7,302,415 7,941,393
Less: Allowance for credit losses (101,913) (32,302)
Total loans held for investment, net 7,200,502 7,909,091
Investment in Federal Home Loan Bank ("FHLB") stock 43,616 37,869
Accrued interest receivable 45,103 54,804
Deferred taxes, net 0 76,650
Premises and equipment, net 35,420 35,806
Real estate owned ("REO") 6,210 6,210
Bank owned life insurance 51,044 49,993
Core deposit intangibles 2,672 3,558
Derivative assets   5,086
Other assets 128,473 138,257
Total Assets 11,910,044 12,645,265
Liabilities:    
Deposits 9,293,071 9,870,279
Borrowings 1,422,063 1,425,369
Subordinated debt 173,506 173,459
Derivative liabilities 9,081  
Accounts payable and other liabilities 94,412 122,795
Total Liabilities 10,992,133 11,591,902
Shareholders' Equity    
Preferred stock, $0.001 par value, 29,521 shares issued and outstanding at September 30, 2025 and 29,811 shares issued and outstanding at December 31, 2024 86,797 87,649
Common stock, $0.001 par value; 200,000,000 shares authorized at September 30, 2025 and December 31, 2024; 82,679,097 shares and 82,365,388 shares issued and outstanding, respectively 83 82
Additional paid-in-capital 854,880 849,509
Retained (deficit) earnings (22,079) 125,038
Accumulated other comprehensive loss (1,770) (8,915)
Total Shareholders' Equity 917,911 1,053,363
Total Liabilities and Shareholders' Equity $ 11,910,044 $ 12,645,265