v3.26.1
UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Cash and cash equivalents:    
Cash and due from banks $ 740,450 $ 1,036,074
Money market investments 5,256 4,261
Total cash and cash equivalents 745,706 1,040,335
Investments:    
Trading securities, at fair value, with amortized cost of $163 (December 31, 2025 - $163) 23 23
Investment securities available-for-sale, at fair value, with amortized cost of $2,418,103 (December 31, 2025 - $2,529,325); no allowance for credit losses 2,373,118 2,510,882
Investment securities held-to-maturity, at amortized cost, with fair value of $214,083 (December 31, 2025 - $225,065); no allowance for credit losses 258,698 269,498
Equity securities 64,817 62,738
Total investments 2,696,656 2,843,141
Loans:    
Loans held-for-sale, at lower of cost or fair value 7,822 15,545
Loans held-for-investment, net of allowance for credit losses of $188,255 (December 31, 2025 - $202,341) 8,109,199 7,998,701
Total loans 8,117,021 8,014,246
Other assets:    
Foreclosed real estate 1,675 2,490
Accrued interest receivable 70,128 71,110
Deferred tax assets, net 113,343 104,359
Premises and equipment, net 95,601 93,554
Customers’ liability on acceptances 19,418 22,442
Servicing assets 67,867 66,333
Goodwill 84,241 84,241
Other intangible assets 7,884 9,854
Operating lease right-of-use assets 19,640 21,261
Other assets 115,392 92,291
Total assets 12,154,572 12,465,657
Deposits:    
Demand deposits 4,887,404 5,799,985
Savings accounts 2,358,067 2,259,980
Time deposits 2,737,657 2,202,787
Total deposits 9,983,128 10,262,752
Borrowings:    
Securities sold under agreements to repurchase 100,085 100,714
Advances from the FHLB 456,530 456,581
Other borrowings 0 9
Total borrowings 556,615 557,304
Other liabilities:    
Acceptances executed and outstanding 19,418 22,442
Operating lease liabilities 21,376 23,157
Deferred tax liabilities, net 615 0
Accrued expenses and other liabilities 166,148 209,997
Total liabilities 10,747,300 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: 42,265,184 shares outstanding (December 31, 2025 - 59,885,234 shares issued; 43,257,167 shares outstanding) 59,885 59,885
Additional paid-in capital 642,019 642,973
Legal surplus 199,429 188,490
Retained earnings 976,946 904,630
Treasury stock, at cost, 17,620,050 shares (December 31, 2025 - 16,628,067 shares) (432,061) (389,067)
Accumulated other comprehensive loss, net of tax of $6,039 (December 31, 2025 - $1,537) (38,946) (16,906)
Total stockholders’ equity 1,407,272 1,390,005
Total liabilities and stockholders’ equity $ 12,154,572 $ 12,465,657