v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 496,459 $ 376,295
Equity securities 1,347 1,305
Debt securities available for sale 4,738 8,576
Federal Home Loan Bank ("FHLB") stock 80,109 69,574
Loans held for sale, at fair value 309,213 217,073
Total loans held for investment (“HFI”) - ($178,578 and $172,960 at fair value at December 31, 2025 and December 31, 2024, respectively) 6,021,527 4,427,754
Allowance for credit losses (10,435) (11,190)
Net loans 6,011,092 4,416,564
Mortgage servicing rights ("MSR"), at fair value 17,048 15,133
Intangible assets, net 1,513 2,099
Premises and equipment 27,571 27,292
Other assets 73,735 90,100
Total Assets 7,022,825 5,224,011
Deposits:    
Noninterest-bearing 275,974 208,938
Interest-bearing 4,593,693 3,213,617
Total deposits 4,869,667 3,422,555
Deferred tax liability 3,786 3,477
Other liabilities 43,915 32,806
Total Liabilities 6,453,783 4,761,521
Common Stock - No Par Value    
Authorized - 101,500,000; shares issued and outstanding - 34,494,116 and 25,684,560 shares at December 31, 2025 and 2024, respectively
Additional paid in capital 204,875 166,847
Retained earnings 364,366 295,967
Accumulated other comprehensive loss (199) (324)
Total Stockholders' Equity 569,042 462,490
Total Liabilities and Stockholders' Equity 7,022,825 5,224,011
Borrowings    
Deposits:    
Borrowings, subordinated debentures, and subordinated debentures issues through trusts 1,439,500 1,258,750
Subordinated debentures    
Deposits:    
Borrowings, subordinated debentures, and subordinated debentures issues through trusts 91,915 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

Source

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