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| Receivables [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Loans | Loans a) Loans held for investment Loans held for investment consist of the following loan classes:
(1)Excludes accrued interest receivable. At June 30, 2026 and December 31, 2025, loans with outstanding principal balances of $1.4 billion and $1.6 billion, respectively, were pledged as collateral to secure advances from the FHLB. The amounts in the table above include loans held for investment under syndication facilities for approximately $535.4 million and $434.9 million at June 30, 2026 and December 31, 2025, respectively, which include Shared National Credit (“SNC”), facilities and agreements to enter into credit agreements with other lenders (club deals) and other agreements. International loans included above were $29.8 million and $33.1 million at June 30, 2026 and December 31, 2025, respectively, mainly consisting of single-family residential loans. In the three months and six months ended June 30, 2026, the Company purchased residential loans held for investment of $310.3 million and $506.2 million, respectively, and syndicated commercial loans held for investment of $90.5 million and $110.6 million, respectively. There were no significant purchases of loans held for investment in the three and six months periods ended June 30, 2025. The age analyses of the loan portfolio by class as of June 30, 2026 and December 31, 2025, are summarized in the following tables:
Nonaccrual status The following tables present the amortized cost basis of loans on nonaccrual status and loans past due over 90 days and still accruing as of June 30, 2026 and December 31, 2025:
__________________ (1)In July 2026, the Company collected $9.4 million in full satisfaction of a nonaccrual loan, resulting in an interest recovery of $0.4 million. (2)The Company did not recognize any interest income on nonaccrual loans during the periods ended June 30, 2026 and December 31, 2025. (3)Excludes land development and construction in nonaccrual status with a carrying value of $16.2 million as of December 31, 2025, which were classified as held for sale carried at the lower of cost or fair value at that date. These loans were sold in January 2026. The Company did not recognize any interest income on nonaccrual loans during the three and six month periods ended June 30, 2026 and 2025. b) Loans held for sale
_________________ (1) In July 2026, the Company sold one loan for net proceeds of $22.7 million. (2) As of June 30, 2026 and December 31, 2025, these loans were rated Pass and Substandard, respectively. (3) Excludes accrued interest receivable. c) Significant Transfers to Held For Sale and Loan Sales During the three and six month periods ended June 30, 2026, the Company transferred commercial real estate and residential loans with a carrying value of $39.3 million and commercial real estate, owner occupied and residential loans with a carrying value of $232.6 million, respectively, from held for investment to held for sale, at the lower of cost or fair value. In addition to sales related to mortgage banking activities in the second quarter and first half of 2026, the Company sold loans for net proceeds of approximately $81.0 million and $155.1 million, respectively, mainly consisting of real estate and commercial loans. In the second quarter and first half of 2025, the Company sold loans for net proceeds of $16.6 million and $24.6 million, respectively, primarily commercial and real estate loans. See the Company’s consolidated statement of cash flows for more information on the sale of mortgage loans held for sale. As a result of the above transfers and sale of loans, the Company recognized net losses totaling $1.1 million and $2.9 million during the second quarter and first half of 2026, respectively, which are included in the Company's results of operations as losses on loans held for sale carried at the lower of cost or fair value. In the second quarter and first half of 2025, the Company recognized gains on loan sales of $0.4 million and $3.2 million, respectively, and did not incur any significant losses in those periods. d) Concentration of risk While seeking diversification of our loan portfolio held for investment and held for sale, the Company is dependent mostly on the economic conditions that affect South and Central Florida, Tampa, and the greater Houston and New York City areas, especially the five New York City boroughs. At June 30, 2026, our commercial real estate loans held for investment based in South Florida, Tampa and Central Florida, New York, Houston, and other regions were $1.5 billion, $242 million, $122 million, $137 million and $285 million, respectively. e) Accrued interest receivable on loans Accrued interest receivable on total loans, including loans held for investment and held for sale, was $26.9 million and $24.3 million as of June 30, 2026 and December 31, 2025, respectively.
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