v3.26.1
UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Cash and cash equivalents:    
Cash and due from banks $ 631,672 $ 1,036,074
Money market investments 4,827 4,261
Total cash and cash equivalents 636,499 1,040,335
Investments:    
Trading securities, at fair value, with amortized cost of $163 (December 31, 2025 - $163) 24 23
Investment securities available-for-sale, at fair value, with amortized cost of $2,498,737 (December 31, 2025 - $2,529,325); no allowance for credit losses 2,460,172 2,510,882
Investment securities held-to-maturity, at amortized cost, with fair value of $219,848 (December 31, 2025 - $225,065); no allowance for credit losses 264,580 269,498
Equity securities 63,682 62,738
Total investments 2,788,458 2,843,141
Loans:    
Loans held-for-sale, at lower of cost or fair value 8,967 15,545
Loans held-for-investment, net of allowance for credit losses of $203,956 (December 31, 2025 - $202,341) 8,031,107 7,998,701
Total loans 8,040,074 8,014,246
Other assets:    
Foreclosed real estate 2,037 2,490
Accrued interest receivable 69,685 71,110
Deferred tax assets, net 120,431 104,359
Premises and equipment, net 92,731 93,554
Customers’ liability on acceptances 22,665 22,442
Servicing assets 67,228 66,333
Goodwill 84,241 84,241
Other intangible assets 8,869 9,854
Operating lease right-of-use assets 20,275 21,261
Other assets 94,710 92,291
Total assets 12,047,903 12,465,657
Deposits:    
Demand deposits 5,347,977 5,799,985
Savings accounts 2,367,531 2,259,980
Time deposits 2,133,764 2,202,787
Total deposits 9,849,272 10,262,752
Borrowings:    
Balance of Borrowing 100,086 100,714
Advances from the FHLB 456,581 456,581
Other borrowings 0 9
Total borrowings 556,667 557,304
Other liabilities:    
Acceptances executed and outstanding 22,665 22,442
Operating lease liabilities 22,088 23,157
Deferred tax liabilities, net 337 0
Accrued expenses and other liabilities 229,979 209,997
Total liabilities 10,681,008 11,075,652
Commitments and contingencies (See Note 19)
Stockholders’ equity:    
Common stock, $1 par value; 100,000,000 shares authorized; 59,885,234 shares issued: 42,257,281 shares outstanding (December 31, 2025 - 59,885,234 shares issued; 43,257,167 shares outstanding) 59,885 59,885
Additional paid-in capital 640,656 642,973
Legal surplus 193,787 188,490
Retained earnings 938,349 904,630
Treasury stock, at cost, 17,627,953 shares (December 31, 2025 - 16,628,067 shares) (432,209) (389,067)
Accumulated other comprehensive loss, net of tax of $4,992 (December 31, 2025 - $1,537) (33,573) (16,906)
Total stockholders’ equity 1,366,895 1,390,005
Total liabilities and stockholders’ equity $ 12,047,903 $ 12,465,657