v3.25.3
CONSOLIDATED STATEMENTS OF OPERATIONS - UNAUDITED - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Interest income:        
Loans $ 93,054 $ 120,285 $ 299,720 $ 358,973
Securities 24,933 21,375 69,674 59,124
FHLB Stock, fed funds sold and interest-bearing deposits 16,750 15,496 44,210 40,426
Total interest income 134,737 157,156 413,604 458,523
Interest expense:        
Deposits 71,942 89,135 212,579 275,015
Borrowings 14,744 17,182 47,698 47,044
Subordinated debt 1,973 1,720 5,368 5,130
Total interest expense 88,659 108,037 265,645 327,189
Net interest income 46,078 49,119 147,959 131,334
Provision for credit losses 65,045 282 70,828 53
Net interest income after provision for credit losses (18,967) 48,837 77,131 131,281
Noninterest income:        
Asset management, consulting and other fees $ 8,638 $ 9,162 $ 26,158 $ 26,959
Type of Revenue [Extensible List] us-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMember us-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMember us-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMember us-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMember
(Loss) gain on sale of loans   $ (13) $ (10,405) $ 665
Gain on sale of securities available-for-sale $ 1,228   5,930 1,204
Capital market activities 4,698 (117,517) 7,240 (115,844)
Gain on sale of REO       679
Other income 2,955 2,788 9,537 7,098
Total noninterest income 17,519 (105,580) 38,460 (79,239)
Noninterest expense:        
Compensation and benefits 23,713 20,009 71,711 58,511
Occupancy and depreciation 8,939 9,013 25,717 27,126
Professional services and marketing costs 6,838 5,095 19,984 12,152
Customer service costs 9,068 18,954 37,102 45,796
Other expenses 8,924 7,154 24,614 22,878
Total noninterest expense 57,482 60,225 179,128 166,463
Loss before income taxes (58,930) (116,968) (63,537) (114,421)
Income tax expense (benefit) 87,393 (34,794) 83,580 (36,125)
Net loss $ (146,323) $ (82,174) $ (147,117) $ (78,296)
Net loss per share:        
Basic (in dollars per share) $ (1.78) $ (1.23) $ (1.79) $ (1.3)
Diluted (in dollars per share) $ (1.78) $ (1.23) $ (1.79) $ (1.3)
Shares used in computation:        
Basic (in shares) 82,424,884 66,992,701 82,395,045 60,025,852
Diluted (in shares) 82,424,884 66,992,701 82,395,045 60,025,852