XML 91 R75.htm IDEA: XBRL DOCUMENT v3.24.0.1
LOANS HELD FOR INVESTMENT, NET - Allowance for Credit Losses Activity (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Allowance for loan losses [Roll Forward]      
Allowance for credit losses, Beginning balance $ 83,507    
Provision for credit losses 2,770 $ 5,374 $ 6,212
Allowance for credit losses, Ending balance 71,743 83,507  
Non-accrual with No Allowance 3,780 6,075  
Non-accrual with Allowance 25,319 28,162  
Reserve 14,202 22,389  
Total real estate loans      
Allowance for loan losses [Roll Forward]      
Allowance for credit losses, Beginning balance 43,381 47,771 28,712
Day 1 acquired PCD loans     28,753
Provision for credit losses (718) (4,446) (4,077)
Charge-offs (16) (11,401) (3,817)
Recoveries   56 176
Allowance for credit losses, Ending balance 42,647 43,381 47,771
Total real estate loans | Cumulative Effect, CECL Adoption, Adjustment      
Allowance for loan losses [Roll Forward]      
Allowance for credit losses, Beginning balance     1,976
Total real estate loans | Cumulative Effect, CECL Adoption, Adjusted Balance      
Allowance for loan losses [Roll Forward]      
Allowance for credit losses, Beginning balance     (26,736)
One-to-four family residential and cooperative/condominium apartment      
Allowance for loan losses [Roll Forward]      
Allowance for credit losses, Beginning balance 5,969 5,932 644
Day 1 acquired PCD loans     2,220
Provision for credit losses 858 37 1,975
Charge-offs (14)   (20)
Recoveries     65
Allowance for credit losses, Ending balance 6,813 5,969 5,932
Non-accrual with Allowance 3,248 3,203  
Reserve 133 181  
One-to-four family residential and cooperative/condominium apartment | Cumulative Effect, CECL Adoption, Adjustment      
Allowance for loan losses [Roll Forward]      
Allowance for credit losses, Beginning balance     1,048
One-to-four family residential and cooperative/condominium apartment | Cumulative Effect, CECL Adoption, Adjusted Balance      
Allowance for loan losses [Roll Forward]      
Allowance for credit losses, Beginning balance     (1,692)
Multifamily residential and residential mixed-use      
Allowance for loan losses [Roll Forward]      
Allowance for credit losses, Beginning balance 8,360 7,816 17,016
Day 1 acquired PCD loans     3,292
Provision for credit losses (1,121) 542 (3,921)
Charge-offs (2)   (391)
Recoveries   2 74
Allowance for credit losses, Ending balance 7,237 8,360 7,816
Multifamily residential and residential mixed-use | Cumulative Effect, CECL Adoption, Adjustment      
Allowance for loan losses [Roll Forward]      
Allowance for credit losses, Beginning balance     8,254
Multifamily residential and residential mixed-use | Cumulative Effect, CECL Adoption, Adjusted Balance      
Allowance for loan losses [Roll Forward]      
Allowance for credit losses, Beginning balance     (8,762)
Commercial real estate ("CRE")      
Allowance for loan losses [Roll Forward]      
Allowance for credit losses, Beginning balance 27,329 29,166 9,059
Day 1 acquired PCD loans     23,124
Provision for credit losses (721) (1,891) (4,497)
Charge-offs     (3,406)
Recoveries   54 37
Allowance for credit losses, Ending balance 26,608 27,329 29,166
Non-accrual with No Allowance 2,298 4,915  
Non-accrual with Allowance 8,229 3,417  
Reserve 832 1,424  
Commercial real estate ("CRE") | Cumulative Effect, CECL Adoption, Adjustment      
Allowance for loan losses [Roll Forward]      
Allowance for credit losses, Beginning balance     4,849
Commercial real estate ("CRE") | Cumulative Effect, CECL Adoption, Adjusted Balance      
Allowance for loan losses [Roll Forward]      
Allowance for credit losses, Beginning balance     (13,908)
Acquisition, development, and construction ("ADC")      
Allowance for loan losses [Roll Forward]      
Allowance for credit losses, Beginning balance 1,723 4,857 1,993
Day 1 acquired PCD loans     117
Provision for credit losses 266 (3,134) 2,366
Allowance for credit losses, Ending balance 1,989 1,723 4,857
Non-accrual with No Allowance   657  
Non-accrual with Allowance 657    
Reserve 305    
Acquisition, development, and construction ("ADC") | Cumulative Effect, CECL Adoption, Adjustment      
Allowance for loan losses [Roll Forward]      
Allowance for credit losses, Beginning balance     381
Acquisition, development, and construction ("ADC") | Cumulative Effect, CECL Adoption, Adjusted Balance      
Allowance for loan losses [Roll Forward]      
Allowance for credit losses, Beginning balance     (2,374)
Commercial and Industrial ("C&I") Loans      
Allowance for loan losses [Roll Forward]      
Allowance for credit losses, Beginning balance 39,853 35,331 12,737
Day 1 acquired PCD loans     23,374
Provision for credit losses 3,464 11,786 6,016
Charge-offs (15,364) (11,401) (4,984)
Recoveries 1,024 4,137 123
Allowance for credit losses, Ending balance 28,977 39,853 35,331
Non-accrual with No Allowance 1,482 503  
Non-accrual with Allowance 13,185 21,443  
Reserve 12,932 20,685  
Commercial and Industrial ("C&I") Loans | Cumulative Effect, CECL Adoption, Adjustment      
Allowance for loan losses [Roll Forward]      
Allowance for credit losses, Beginning balance     1,935
Commercial and Industrial ("C&I") Loans | Cumulative Effect, CECL Adoption, Adjusted Balance      
Allowance for loan losses [Roll Forward]      
Allowance for credit losses, Beginning balance     (10,802)
Other Loans      
Allowance for loan losses [Roll Forward]      
Allowance for credit losses, Beginning balance 273 751 12
Day 1 acquired PCD loans     157
Provision for credit losses 129 (430) 1,364
Charge-offs (300) (53) (777)
Recoveries 17 5 3
Allowance for credit losses, Ending balance 119 273 751
Non-accrual with Allowance   99  
Reserve   99  
Other Loans | Cumulative Effect, CECL Adoption, Adjustment      
Allowance for loan losses [Roll Forward]      
Allowance for credit losses, Beginning balance     8
Other Loans | Cumulative Effect, CECL Adoption, Adjusted Balance      
Allowance for loan losses [Roll Forward]      
Allowance for credit losses, Beginning balance     (4)
Includes other loans      
Allowance for loan losses [Roll Forward]      
Allowance for credit losses, Beginning balance 83,507 83,853 41,461
Day 1 acquired PCD loans     52,284
Provision for credit losses 2,875 6,910 3,303
Charge-offs (15,680) (11,454) (9,578)
Recoveries 1,041 4,198 302
Allowance for credit losses, Ending balance $ 71,743 $ 83,507 83,853
Includes other loans | Cumulative Effect, CECL Adoption, Adjustment      
Allowance for loan losses [Roll Forward]      
Allowance for credit losses, Beginning balance     3,919
Includes other loans | Cumulative Effect, CECL Adoption, Adjusted Balance      
Allowance for loan losses [Roll Forward]      
Allowance for credit losses, Beginning balance     $ (37,542)