v3.26.3
Fair Value of Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Balances and Levels of Assets Measured at Fair Value on Recurring Basis
The balances and levels of the assets and liabilities measured at fair value on a recurring basis as of September 30, 2026 and December 31, 2025 are presented in the following tables:
At September 30, 2026Quoted prices
in active
markets for
identical assets
(liabilities)
(level 1)
Significant
other
observable
inputs
(level 2)
Significant unobservable
inputs
(level 3)
Total
Financial assets:
AFS debt securities:
U.S. government agency securities$— $789,987 $— $789,987 
Mortgage-backed securities - residential— 568,520 — 568,520 
Mortgage-backed securities - commercial— 18,644 — 18,644 
Municipal securities— 152,325 — 152,325 
U.S. Treasury securities— 6,964 — 6,964 
Corporate securities— 1,690 — 1,690 
Equity securities, at fair value5,759 — — 5,759 
Total securities$5,759 $1,538,130 $— $1,543,889 
Loans held for sale, at fair value$— $225,935 $— $225,935 
Mortgage servicing rights— — 150,873 150,873 
Derivatives— 35,686 — 35,686 
Financial liabilities:
Derivatives— 31,838 — 31,838 
At December 31, 2025Quoted prices
in active
markets for
identical assets
(liabilities)
(level 1)
Significant
other
observable
inputs
(level 2)
Significant unobservable
inputs
(level 3)
Total
Financial assets:
AFS debt securities:
U.S. government agency securities$— $670,088 $— $670,088 
Mortgage-backed securities - residential— 602,320 — 602,320 
Mortgage-backed securities - commercial— 10,678 — 10,678 
Municipal securities — 168,370 — 168,370 
U.S. Treasury securities— 7,125 — 7,125 
Corporate securities— 998 — 998 
Equity securities, at fair value— 155 — 155 
Total securities$— $1,459,734 $— $1,459,734 
Loans held for sale, at fair value$— $172,974 $— $172,974 
Mortgage servicing rights— — 148,795 148,795 
Derivatives— 24,316 — 24,316 
Financial liabilities:
Derivatives— 23,509 — 23,509 
Schedule of Balances and Levels of Assets Measured at Fair Value on Non-recurring Basis and Changes in Fair Value Associated
The balances and levels of the assets measured at fair value on a nonrecurring basis as of September 30, 2026 and December 31, 2025 are presented in the following tables: 
September 30, 2026Quoted prices
in active
markets for
identical assets
(liabilities)
(level 1)
Significant
other
observable
inputs
(level 2)
Significant unobservable
inputs
(level 3)
Total
Nonrecurring valuations:
Financial assets:
Other real estate owned$— $— $3,480 $3,480 
Collateral-dependent net loans held for
   investment:
Commercial and industrial$— $— $3,217 $3,217 
Construction— — 21,511 21,511 
Residential real estate:
1-to-4 family mortgage— — 262 262 
   Multi-family mortgage— — 2,113 2,113 
Commercial real estate:
Owner-occupied— — 5,479 5,479 
Non-owner occupied— — 9,770 9,770 
Total collateral-dependent loans$— $— $42,352 $42,352 
 
December 31, 2025Quoted prices
in active
markets for
identical assets
(liabilities)
(level 1)
Significant
other
observable
inputs
(level 2)
Significant unobservable
inputs
(level 3)
Total
Nonrecurring valuations:
Other real estate owned$— $— $4,757 $4,757 
Collateral-dependent net loans held for
    investment:
Commercial and industrial$— $— $1,538 $1,538 
Construction— — 18,281 18,281 
Residential real estate:
1-to-4 family mortgage— — 287 287 
Commercial real estate:
Owner-occupied— — 5,479 5,479 
Non-owner occupied— — 640 640 
Total collateral-dependent loans$— $— $26,225 $26,225 
Schedule of Significant Unobservable Inputs (Level 3) Used in Valuation of Assets Measured at Fair Value on Nonrecurring Basis
The following tables present information as of September 30, 2026 and December 31, 2025 about significant unobservable inputs (Level 3) used in the valuation of assets measured at fair value on a nonrecurring basis:
September 30, 2026
Financial instrumentFair ValueValuation techniqueSignificant 
unobservable inputs
Range of
inputs
Collateral-dependent net loans
   held for investment:
Commercial and industrial$3,217 Appraised valueDiscount for costs to sell
0%-28%
Construction21,511 Appraised valueDiscount for costs to sell
10%-18%
Residential real estate:
1-to-4 family mortgage262 Appraised valueDiscount for costs to sell
10%-10%
Multi-family mortgage2,113 Appraised valueDiscount for costs to sell
10%-10%
Commercial real estate:
Owner-occupied5,479 Appraised valueDiscount for costs to sell
10%-10%
Non-owner occupied9,770 Appraised valueDiscount for costs to sell
10%-12%
Other real estate owned$3,480 Appraised valueDiscount for costs to sell
0%-10%
December 31, 2025
Financial instrumentFair ValueValuation techniqueSignificant 
unobservable inputs
Range of
inputs
Collateral-dependent net loans
   held for investment:
Commercial and industrial$1,538 Appraised valueDiscount for costs to sell
10%-10%
Construction18,281 Appraised valueDiscount for costs to sell
10%-22%
Residential real estate:
1-to-4 family mortgage287 Appraised valueDiscount for costs to sell
10%-10%
Commercial real estate:
Owner-occupied5,479 Appraised valueDiscount for costs to sell
10%-10%
Non-owner occupied640 Appraised valueDiscount for costs to sell
11%-11%
Other real estate owned$4,757 Appraised valueDiscount for costs to sell
0%-10%
Schedule of Loans Held For Sale at Fair Value
The following table summarizes the Company’s loans held for sale as of the dates presented:
September 30,December 31,
20262025
Loans held for sale under a fair value option:
  Mortgage loans held for sale$225,935 $172,974 
Loans held for sale not accounted for under a fair value option:
  Mortgage loans held for sale - guaranteed GNMA repurchase option29,134 28,102 
               Total loans held for sale$255,069 $201,076 
Schedule of Differences Between Fair Value and Principal Balance for Loans Held for Sale Measured at Fair Value
The following table summarizes the differences between the fair value and the principal balance for mortgage loans held for sale measured at fair value as of September 30, 2026 and December 31, 2025: 
September 30,December 31,
20262025
Aggregate fair value$225,935 $172,974 
Aggregate unpaid principal balance229,629 168,692 
     Difference$(3,694)$4,282 
Schedule of Estimated Fair Values and Carrying Values of Financial Instruments
The following table contains the estimated fair values and the related carrying values of the Company’s financial instruments. Non-financial instruments are excluded from the table below.
 Fair Value
September 30, 2026Carrying amount Level 1Level 2Level 3Total
Financial assets:
Cash and cash equivalents$1,017,689 $1,017,689 $— $— $1,017,689 
Investment securities1,543,889 5,759 1,538,130 — 1,543,889 
Net loans HFI12,985,604 — — 12,884,630 12,884,630 
Loans held for sale, at fair value225,935 — 225,935 — 225,935 
Interest receivable60,369 605 8,877 50,887 60,369 
Mortgage servicing rights150,873 — — 150,873 150,873 
Derivatives35,686 — 35,686 — 35,686 
Financial liabilities:
Deposits:
Without stated maturities$11,663,440 $11,663,440 $— $— $11,663,440 
With stated maturities3,002,556 — 2,997,977 — 2,997,977 
Securities sold under agreements to repurchase
     and federal funds purchased
27,484 27,484 — — 27,484 
Subordinated debt, net207,722 — — 210,287 210,287 
Interest payable24,550 3,160 21,229 161 24,550 
Derivatives31,838 — 31,838 — 31,838 
 Fair Value
December 31, 2025Carrying amount Level 1Level 2Level 3Total
Financial assets:
Cash and cash equivalents$1,155,895 $1,155,895 $— $— $1,155,895 
Investment securities1,459,734 — 1,459,734 — 1,459,734 
Net loans HFI12,197,643 — — 12,155,340 12,155,340 
Loans held for sale, at fair value172,974 — 172,974 — 172,974 
Interest receivable58,565 463 7,962 50,140 58,565 
Mortgage servicing rights148,795 — — 148,795 148,795 
Derivatives24,316 — 24,316 — 24,316 
Financial liabilities:
Deposits:
Without stated maturities$11,255,404 $11,255,404 $— $— $11,255,404 
With stated maturities2,654,557 — 2,655,532 — 2,655,532 
Securities sold under agreements to
repurchase and federal funds purchased
99,865 99,865 — — 99,865 
Subordinated debt, net83,670 — — 88,281 88,281 
Interest payable21,549 3,677 17,872 — 21,549 
Derivatives23,509 — 23,509 — 23,509