| Schedule of Available-for-Sale Investment Securities |
Our available-for-sale investment securities were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Amortized cost | | Gross unrealized gains | | Gross unrealized losses | | Fair value | | (In thousands) | | June 30, 2026 | | | | | | | | | | | | | | | | | | | Agency bond securities | $ | 179,228 | | | $ | — | | | $ | (23,153) | | | $ | 156,075 | | | Agency mortgage-backed securities | 2,719,895 | | | 1,079 | | | (219,544) | | | 2,501,430 | | | Municipal bonds | 28,126 | | | — | | | (5,486) | | | 22,640 | | | Asset-backed securities | 354,145 | | | 95 | | | (1,044) | | | 353,196 | | | Total investment securities | $ | 3,281,394 | | | $ | 1,174 | | | $ | (249,227) | | | $ | 3,033,341 | | | | | | | | | | | December 31, 2025 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Agency bond securities | $ | 179,227 | | | $ | — | | | $ | (22,252) | | | $ | 156,975 | | | Agency mortgage-backed securities | 2,145,925 | | | 1,392 | | | (212,399) | | | 1,934,918 | | | Municipal bonds | 28,137 | | | — | | | (5,581) | | | 22,556 | | | Asset-backed securities | 354,510 | | | 86 | | | (1,202) | | | 353,394 | | | Total investment securities | $ | 2,707,799 | | | $ | 1,478 | | | $ | (241,434) | | | $ | 2,467,843 | |
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| Schedule of Available-for-Sale Securities, Unrealized Loss Position |
As of June 30, 2026 and December 31, 2025, the gross unrealized losses and fair values of available-for-sale investment securities that were in unrealized loss positions were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Less than 12 months | | 12 months or more | | Total fair value | | Total unrealized loss | | Fair value | | Unrealized loss | | Fair value | | Unrealized loss | | | | (In thousands) | | June 30, 2026 | | | | | | | | | | | | | | | Agency bond securities | $ | — | | | $ | — | | | $ | 156,075 | | | $ | (23,153) | | | $ | 156,075 | | | $ | (23,153) | | | Agency mortgage-backed securities | 1,002,335 | | | (4,158) | | | 1,021,757 | | | (215,386) | | | 2,024,092 | | | (219,544) | | | Municipal bonds | — | | | — | | | 22,640 | | | (5,486) | | | 22,640 | | | (5,486) | | | Asset-backed securities | 255,547 | | | (904) | | | 40,557 | | | (140) | | | 296,104 | | | (1,044) | | | Total investment securities | $ | 1,257,882 | | | $ | (5,062) | | | $ | 1,241,029 | | | $ | (244,165) | | | $ | 2,498,911 | | | $ | (249,227) | | | | | | | | | | | | | | | December 31, 2025 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Agency bond securities | $ | — | | | $ | — | | | $ | 156,975 | | | $ | (22,252) | | | $ | 156,975 | | | $ | (22,252) | | | Agency mortgage-backed securities | 504,676 | | | (1,764) | | | 1,049,422 | | | (210,635) | | | 1,554,098 | | | (212,399) | | | Municipal bonds | — | | | — | | | 22,556 | | | (5,581) | | | 22,556 | | | (5,581) | | | Asset-backed securities | 321,811 | | | (1,202) | | | — | | | — | | | 321,811 | | | (1,202) | | | Total investment securities | $ | 826,487 | | | $ | (2,966) | | | $ | 1,228,953 | | | $ | (238,468) | | | $ | 2,055,440 | | | $ | (241,434) | |
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| Schedule of Maturity Dates for Available-for-Sale Investment Securities |
As of June 30, 2026, the contractual maturities of our available-for-sale investment securities were as follows: | | | | | | | | | | | | | Amortized cost | | Fair value | | (In thousands) | | | | | | Due after one year through five years | $ | 139,228 | | | $ | 124,296 | | | Due after five years through ten years | 40,000 | | | 31,779 | | | Due after ten years | 28,126 | | | 22,640 | | | Mortgage and asset-backed securities | 3,074,040 | | | 2,854,626 | | | Total investment securities | $ | 3,281,394 | | | $ | 3,033,341 | |
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