v3.25.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 321,499 $ 376,295
Equity securities 1,325 1,305
Debt securities available for sale 8,594 8,576
Federal Home Loan Bank ("FHLB") stock 69,574 69,574
Loans held for sale, at fair value 207,633 217,073
Total loans ($174,348 and $172,960 at fair value at March 31, 2025 and December 31, 2024, respectively) 5,147,170 4,427,754
Allowance for credit losses (12,315) (11,190)
Net loans 5,134,855 4,416,564
Mortgage servicing rights 15,492 15,133
Intangible assets, net 1,953 2,099
Premises and equipment 26,952 27,292
Other assets 71,778 90,100
Total Assets 5,859,655 5,224,011
Deposits:    
Noninterest-bearing 232,571 208,938
Interest-bearing 3,590,051 3,213,617
Total deposits 3,822,622 3,422,555
Deferred tax liability 2,930 3,477
Other liabilities 47,264 32,806
Total Liabilities 5,273,133 4,761,521
Common Stock - No Par Value    
Authorized - 101,500,000; shares issued and outstanding - 34,315,099 and 25,684,560 shares at March 31, 2025 and December 31, 2024, respectively
Additional paid in capital 276,465 166,847
Retained earnings 310,367 295,967
Accumulated other comprehensive loss (310) (324)
Total Stockholders' Equity 586,522 462,490
Total Liabilities and Stockholders' Equity 5,859,655 5,224,011
Borrowings    
Deposits:    
Borrowings, subordinated debentures, and subordinated debentures issues through trusts 1,371,158 1,258,750
Subordinated debentures    
Deposits:    
Borrowings, subordinated debentures, and subordinated debentures issues through trusts 24,159 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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