v3.25.3
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 419,162 $ 376,295
Equity securities 1,342 1,305
Debt securities available for sale 4,752 8,576
Federal Home Loan Bank ("FHLB") stock 80,109 69,574
Loans held for sale, at fair value 259,835 217,073
Total loans held for investment (“HFI”) - ($179,391 and $172,960 at fair value at September 30, 2025 and December 31, 2024, respectively) 5,967,235 4,427,754
Allowance for credit losses (12,250) (11,190)
Net loans 5,954,985 4,416,564
Mortgage servicing rights 16,763 15,133
Intangible assets, net 1,660 2,099
Premises and equipment 27,658 27,292
Other assets 73,314 90,100
Total Assets 6,839,580 5,224,011
Deposits:    
Noninterest-bearing 235,733 208,938
Interest-bearing 4,533,904 3,213,617
Total deposits 4,769,637 3,422,555
Deferred tax liability 2,651 3,477
Other liabilities 45,530 32,806
Total Liabilities 6,216,055 4,761,521
Common Stock - No Par Value    
Authorized - 101,500,000; shares issued and outstanding - 34,364,659 and 25,684,560 shares at September 30, 2025 and December 31, 2024, respectively
Additional paid in capital 276,885 166,847
Retained earnings 346,829 295,967
Accumulated other comprehensive loss (189) (324)
Total Stockholders' Equity 623,525 462,490
Total Liabilities and Stockholders' Equity 6,839,580 5,224,011
Borrowings    
Deposits:    
Borrowings, subordinated debentures, and subordinated debentures issues through trusts 1,369,034 1,258,750
Subordinated debentures    
Deposits:    
Borrowings, subordinated debentures, and subordinated debentures issues through trusts 24,203 38,933
Subordinated debentures issued through trusts    
Deposits:    
Borrowings, subordinated debentures, and subordinated debentures issues through trusts 5,000 5,000
Preferred Stock, Series A Shares    
Preferred Stock Non-Cumulative - No Par Value; 5,000,000 shares authorized    
Preferred stock, issued
Preferred Stock, Series B Shares    
Preferred Stock Non-Cumulative - No Par Value; 5,000,000 shares authorized    
Preferred stock, issued

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