v3.26.1
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
ASSETS    
Cash and due from banks $ 5,190 $ 4,196
Restricted cash (amounts related to VIEs of $6.3 million and $6.3 million, respectively) 22,744 26,477
Interest bearing deposits in banks 367,073 279,618
Total cash and cash equivalents 395,007 310,291
Debt securities available-for-sale, at fair value 15,139 16,829
Loans held for sale, at fair value 500,783 971,837
Loans held for sale, at LCM 20,473 26,532
Loans held for investment, at fair value 721,568 281,198
Loans held for investment, at amortized cost, net of deferred fees and costs 1,139,537 896,689
Allowance for credit losses (52,715) (45,226)
Loans held for investment, at amortized cost, net 1,086,822 851,463
Federal Home Loan Bank and Federal Reserve Bank stock 4,548 4,234
Settlement receivable 0 438
Residuals in securitizations, at fair value 204,001 76,701
Goodwill and intangibles 14,526 14,597
Right of use assets 2,574 2,790
Deferred tax asset, net 10,768 0
Servicing assets, at fair value 12,456 15,358
Servicing assets, at LCM 39,500 29,564
Other assets 112,950 95,268
Total assets 3,184,881 2,744,819
Deposits:    
Noninterest-bearing 56,270 53,873
Interest-bearing 2,094,232 1,364,535
Total deposits 2,150,502 1,418,408
Borrowings (including borrowings of VIEs of $105.1 million and $127.1 million, respectively) 554,192 819,888
Lease liabilities 2,648 2,874
Deferred tax liabilities, net 0 10,728
Due to participants 21,117 52,389
Accounts payable, accrued expenses and other liabilities 43,049 42,962
Total liabilities 2,771,508 2,347,249
Commitment and contingencies (Note 13)
Shareholders' Equity:    
Common stock (par value $0.02 per share; 199,946 authorized, 28,899 and 28,658 issued and outstanding, respectively) 579 573
Retained earnings 109,899 94,990
Additional paid-in capital 254,719 253,830
Accumulated other comprehensive loss, net of income taxes (5) (4)
Total shareholders' equity 413,373 397,570
Total liabilities and shareholders' equity 3,184,881 2,744,819
Joint Ventures and Other Investments    
ASSETS    
Investments 43,766 47,719
Series B Preferred stock    
Shareholders' Equity:    
Preferred stock $ 48,181 $ 48,181