v3.26.1
Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following table sets forth our assets and liabilities measured at fair value on a recurring basis as of:
Level 1Level 2Level 3
Quoted prices
in active
markets for
identical
assets		Significant
other
observable
inputs		Significant
unobservable
inputs		Total
Estimated
Fair
Value
June 30, 2026
Available-for-sale securities$33,638 $1,873,736 $— $1,907,374 
Loans held-for-sale— 140,706 — 140,706 
Mortgage servicing rights— — 99,736 99,736 
Derivative financial instruments - assets— 25,477 — 25,477 
Derivative financial instruments - liabilities— (11,877)— (11,877)
Total$33,638 $2,028,042 $99,736 $2,161,416 
December 31, 2025
Available-for-sale securities$33,270 $435,700 $— $468,970 
Loans held-for-sale— 100,539 — 100,539 
Mortgage servicing rights— — 86,651 86,651 
Derivative financial instruments - assets— 22,384 — 22,384 
Derivative financial instruments - liabilities— (15,531)— (15,531)
Total$33,270 $543,092 $86,651 $663,013 
Schedule of Reconciliation for Level 3 Assets Measured at Fair Value on a Recurring Basis
The following table presents a reconciliation for our Level 3 assets measured at fair value on a recurring basis:
For the three months ended
June 30,
For the six months ended
June 30,
2026202520262025
Balance, beginning of period$88,993 $82,927 $86,651 $84,258 
Total fair value adjustments included in earnings(2,367)(2,311)(4,296)(6,295)
Purchases, issuances, sales and settlements:
Acquisition of First Foundation Inc.7,651 — 7,651 — 
Additions5,459 4,120 9,730 6,773 
Balance, end of period$99,736 $84,736 $99,736 $84,736 
Schedule of Assets and Liabilities Measured at Fair Value on a Non-recurring The following table sets forth our assets and liabilities that were measured at fair value on a non-recurring basis as of:
Level 3
June 30,
2026		December 31,
2025
Collateral dependent loans:
Commercial and industrial$54,491 $6,783 
Commercial real estate33,476 3,515 
Residential real estate2,485 1,875 
Total collateral dependent loans$90,452 $12,173 
Other real estate owned and foreclosed assets, net:
Commercial real estate$7,751 $8,960 
Residential real estate7,383 880 
Other1,674 1,674 
Total other real estate owned and foreclosed assets, net:$16,808 $11,514 
Schedule of Estimated Fair Values of Financial Instruments Not Carried at Fair Value
The carrying amounts and estimated fair values of financial instruments not carried at fair value are as follows as of:
Estimated Fair Value
Carrying
Value		TotalLevel 1Level 2Level 3
June 30, 2026
Assets:
Cash and cash equivalents$989,511 $989,511 $989,511 $— $— 
Securities held-to-maturity33,274 28,572 — 28,572 — 
Loans (excluding collateral dependent loans)11,378,460 11,415,499 — — 11,415,499 
Restricted equity securities50,155 50,155 — 50,155 — 
Accrued interest receivable60,163 60,163 — 5,991 54,172 
Liabilities:
Deposits (excluding demand deposits)$9,713,422 $9,809,631 $7,701,813 $2,107,818 $— 
Securities sold under agreements to repurchase17,475 17,475 — 17,475 — 
Subordinated debt, net205,256 207,793 — — 207,793 
Accrued interest payable16,897 16,897 — 16,897 — 
December 31, 2025
Assets:
Cash and cash equivalents$652,592 $652,592 $652,592 $— $— 
Securities held-to-maturity33,839 29,446 — 29,446 — 
Loans (excluding collateral dependent loans)6,655,567 6,544,724 — — 6,544,724 
Restricted equity securities24,775 24,775 — 24,775 — 
Accrued interest receivable32,255 32,255 — 2,224 30,031 
Liabilities:
Deposits (excluding demand deposits)$4,645,526 $4,602,421 $3,315,648 $1,286,773 $— 
Securities sold under agreements to repurchase11,160 11,160 — 11,160 — 
FHLB advances— — — — — 
Subordinated debt, net36,680 35,981 — — 35,981 
Accrued interest payable6,680 6,680 — 6,680 —