v3.24.3
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 40,538 $ 47,234
Interest earning deposits with banks 614,345 242,709
Restricted cash 10,087 25,849
Other short-term investments 6,871 6,080
Cash and cash equivalents 671,841 321,872
Securities    
Debt securities available for sale, at fair value 1,476,378 1,217,502
Debt securities held to maturity, at amortized cost (estimated fair value of $204,945 at December 31, 2023) 0 226,645
Equity securities with readily determinable fair value not held for trading 2,562 2,534
Federal Reserve Bank and Federal Home Loan Bank stock 63,604 50,294
Securities 1,542,544 1,496,975
Loans held for sale, at lower of cost or fair value 553,941 365,219
Mortgage loans held for sale, at fair value 43,851 26,200
Loans held for investment, gross 6,964,171 6,873,493
Less: Allowance for credit losses 79,890 95,504
Loans held for investment, net 6,884,281 6,777,989
Bank owned life insurance 241,183 234,972
Premises and equipment, net 32,866 43,603
Deferred tax assets, net 41,138 55,635
Operating lease right-of-use assets 100,158 118,484
Goodwill 19,193 19,193
Accrued interest receivable and other assets 222,131 256,185
Total assets 10,353,127 9,716,327
Deposits    
Noninterest bearing 1,482,061 1,426,919
Interest bearing 2,389,605 2,560,629
Savings and money market 1,835,700 1,610,218
Time 2,403,578 2,297,097
Total deposits 8,110,944 7,894,863
Advances from the Federal Home Loan Bank 915,000 645,000
Senior notes 59,764 59,526
Subordinated notes 29,582 29,454
Junior subordinated debentures held by trust subsidiaries 64,178 64,178
Operating lease liabilities 105,875 123,167
Accounts payable, accrued liabilities and other liabilities 164,896 164,071
Total liabilities 9,450,239 8,980,259
Contingencies (Note 11)
Stockholders’ equity    
Class A common stock, $0.10 par value, 250 million shares authorized; 42,103,623 shares issued and outstanding at September 30, 2024 (33,603,242 shares issued and outstanding at December 31, 2023) 4,210 3,361
Additional paid in capital 342,508 192,701
Retained earnings 569,131 610,802
Accumulated other comprehensive loss (12,961) (70,796)
Total stockholders' equity 902,888 736,068
Total liabilities and stockholders' equity $ 10,353,127 $ 9,716,327

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