RESTATEMENT OF PRIOR PERIOD FINANCIAL STATEMENTS - Balance Sheet (Details) - USD ($) $ in Thousands |
Dec. 31, 2024 |
Sep. 30, 2024 |
Jun. 30, 2024 |
Mar. 31, 2024 |
Dec. 31, 2023 |
Sep. 30, 2023 |
Jun. 30, 2023 |
Mar. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
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Error Corrections and Prior Period Adjustments Restatement [Line Items] | ||||||||||
Loans | $ 5,167,574 | $ 5,728,237 | $ 5,829,057 | $ 5,933,158 | $ 6,103,592 | $ 6,253,435 | $ 6,339,422 | $ 6,326,924 | ||
Allowance for credit losses on loans | (111,204) | (151,067) | (155,443) | (160,844) | (159,319) | (157,815) | (151,415) | (140,864) | $ (128,889) | $ (89,444) |
Total loans, net | 5,056,370 | 5,577,170 | 5,673,614 | 5,772,314 | 5,944,273 | 6,095,620 | 6,188,007 | 6,186,060 | ||
Accrued interest receivable | 25,329 | 35,037 | 34,115 | 34,133 | ||||||
Credit enhancement asset | 16,804 | 20,633 | 18,202 | 16,369 | 15,389 | 15,111 | 14,720 | 13,959 | ||
Other assets | 208,839 | 187,643 | 209,923 | 197,051 | 199,886 | 240,559 | 192,225 | 174,467 | ||
Total assets | 7,506,809 | 7,704,189 | 7,708,074 | 7,763,708 | 7,790,046 | 7,893,109 | 7,961,296 | 7,861,789 | 7,793,066 | |
Accrued interest payable and other liabilities | 124,266 | 103,481 | 103,487 | 102,827 | 110,377 | 106,704 | ||||
Total liabilities | 6,795,962 | 6,932,968 | 6,971,295 | 7,040,664 | 7,074,933 | 7,211,636 | ||||
Retained earnings | 247,698 | 287,484 | 276,029 | 259,302 | 245,639 | 234,324 | 234,463 | 226,815 | ||
Total shareholders’ equity | 710,847 | 771,221 | 736,779 | 723,044 | 715,113 | 681,473 | 703,396 | 707,258 | 696,139 | 600,190 |
Total liabilities and shareholders’ equity | $ 7,506,809 | 7,704,189 | 7,708,074 | 7,763,708 | 7,790,046 | 7,893,109 | 7,961,296 | 7,861,789 | ||
As Previously Reported | ||||||||||
Error Corrections and Prior Period Adjustments Restatement [Line Items] | ||||||||||
Loans | 5,748,819 | 5,851,994 | 5,958,462 | 6,131,079 | 6,280,883 | 6,367,344 | 6,354,271 | |||
Allowance for credit losses on loans | (85,804) | (92,183) | (78,057) | (68,502) | (66,669) | (64,950) | (62,067) | |||
Total loans, net | 5,663,015 | 5,759,811 | 5,880,405 | 6,062,577 | 6,214,214 | 6,302,394 | 6,292,204 | |||
Accrued interest receivable | 27,099 | 25,756 | 24,934 | |||||||
Credit enhancement asset | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
Other assets | 177,663 | 199,487 | 182,201 | 182,992 | 222,966 | 175,821 | 160,272 | |||
Total assets | 7,751,483 | 7,757,274 | 7,831,809 | 7,866,868 | 7,969,285 | 8,034,721 | 7,930,174 | |||
Accrued interest payable and other liabilities | 103,737 | 103,694 | 102,966 | 110,459 | 106,743 | |||||
Total liabilities | 6,933,224 | 6,971,502 | 7,040,803 | 7,075,015 | 7,211,675 | |||||
Retained earnings | 334,522 | 325,022 | 327,264 | 322,379 | 310,461 | 307,888 | 295,200 | |||
Total shareholders’ equity | 818,259 | 785,772 | 791,006 | 791,853 | 757,610 | 776,821 | 775,643 | 758,574 | 663,837 | |
Total liabilities and shareholders’ equity | 7,751,483 | 7,757,274 | 7,831,809 | 7,866,868 | 7,969,285 | 8,034,721 | 7,930,174 | |||
Adjustment | ||||||||||
Error Corrections and Prior Period Adjustments Restatement [Line Items] | ||||||||||
Loans | (20,582) | (22,937) | (25,304) | (27,487) | (27,448) | (27,922) | (27,347) | |||
Allowance for credit losses on loans | (65,263) | (63,260) | (82,787) | (90,817) | (91,146) | (86,465) | (78,797) | |||
Total loans, net | (85,845) | (86,197) | (108,091) | (118,304) | (118,594) | (114,387) | (106,144) | |||
Accrued interest receivable | 7,938 | 8,359 | 9,199 | |||||||
Credit enhancement asset | 20,633 | 18,202 | 16,369 | 15,389 | 15,111 | 14,720 | 13,959 | |||
Other assets | 9,980 | 10,436 | 14,850 | 16,894 | 17,593 | 16,404 | 14,195 | |||
Total assets | (47,294) | (49,200) | (68,101) | (76,822) | (76,176) | (73,425) | (68,385) | |||
Accrued interest payable and other liabilities | (256) | (207) | (139) | (82) | (39) | |||||
Total liabilities | (256) | (207) | (139) | (82) | (39) | |||||
Retained earnings | (47,038) | (48,993) | (67,962) | (76,740) | (76,137) | (73,425) | (68,385) | |||
Total shareholders’ equity | (47,038) | (48,993) | (67,962) | (76,740) | (76,137) | (73,425) | (68,385) | $ (62,435) | $ (63,647) | |
Total liabilities and shareholders’ equity | $ (47,294) | $ (49,200) | $ (68,101) | $ (76,822) | $ (76,176) | $ (73,425) | $ (68,385) |
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- Definition Credit Enhancement, Asset No definition available.
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- Definition Amount of expenses incurred but not yet paid nor invoiced, and liabilities classified as other. No definition available.
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- Definition Amount of asset recognized for present right to economic benefit. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount excluding accrued interest, of allowance for credit loss on financing receivable. Excludes net investment in lease. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amortized cost excluding accrued interest, after allowance for credit loss, of financing receivable. Excludes net investment in lease. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amortized cost excluding accrued interest, before allowance for credit loss, of financing receivable. Excludes net investment in lease. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Carrying amount as of the balance sheet date of interest earned but not received. Also called accrued interest or accrued interest receivable. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of liability recognized for present obligation requiring transfer or otherwise providing economic benefit to others. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of assets classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of accumulated undistributed earnings (deficit). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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