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Fair Value of Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2024
Fair Value Disclosures [Abstract]  
Schedule of Company's Financial Instruments Measured at Fair Value on a Recurring Basis
The following fair value hierarchy table presents information about the Company’s financial assets and liabilities measured at fair value on a recurring basis at the dates indicated:
June 30, 2024
 Fair Value Measurement Using Total Fair Value
(Dollars in thousands)Level 1Level 2Level 3
Financial assets
AFS investment securities:    
U.S. Treasury$— $763,111 $— $763,111 
Agency— 1,526 — 1,526 
Corporate— 412,662 — 412,662 
Collateralized mortgage obligations— 142,751 — 142,751 
Total AFS investment securities$— $1,320,050 $— $1,320,050 
Equity securities$589 $— $— $589 
Derivative assets:
Foreign exchange contracts$4 $— $— $4 
Interest rate swaps (1)
— 6,422 — 6,422 
Total derivative assets$4 $6,422 $— $6,426 
Financial liabilities
Derivative liabilities:
Interest rate swaps$— $11,987 $— $11,987 
Total derivative liabilities$— $11,987 $— $11,987 
______________________________
(1) Represents amounts after the application of variation margin payments as settlements with central counterparties, where applicable. See Note 11 – Derivative Instruments for additional information.
December 31, 2023
 Fair Value Measurement UsingTotal Fair Value
(Dollars in thousands)Level 1Level 2Level 3
Financial assets
AFS investment securities:    
U.S. Treasury$— $539,256 $— $539,256 
Agency— 1,868 — 1,868 
Corporate— 446,343 — 446,343 
Collateralized mortgage obligations— 152,604 — 152,604 
Total AFS investment securities$— $1,140,071 $— $1,140,071 
Equity securities
$759 $— $— $759 
Derivative assets:
Foreign exchange contracts$1 $— $— $1 
Interest rate swaps (1)
— 5,643 — 5,643 
Total derivative assets$1 $5,643 $— $5,644 
Financial liabilities
Derivative liabilities:
Foreign exchange$10 $— $— $10 
Interest rate swaps— 10,705 — 10,705 
Total derivative liabilities$10 $10,705 $— $10,715 
______________________________
(1) Represents amounts after the application of variation margin payments as settlements with central counterparties, where applicable. See Note 11 – Derivative Instruments for additional information.
Schedule of Reconciliation of Fair Value of Equity Warrants
The following table is a reconciliation of the fair value of the equity warrants that are classified as Level 3 and measured on a recurring basis as of:
Three Months EndedSix Months Ended
June 30,June 30,June 30,June 30,
(Dollars in thousands)2024202320242023
Beginning balance$— $412 $— $1,894 
Change in fair value (1)
— (5)— (25)
Net exercise— — — (1,462)
Ending balance$— $407 $— $407 
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(1) The changes in fair value are included in other income on the consolidated statement of income.
Schedule of Company's Financial Instruments Measured at Fair Value on a Nonrecurring Basis
The following table presents our assets measured at fair value on a nonrecurring basis at the dates indicated. The total fair value of our assets measured at fair value on a nonrecurring basis was zero as of June 30, 2024.
(Dollars in thousands)Fair Value Measurement UsingTotal
Fair Value
December 31, 2023Level 1Level 2Level 3
Financial assets    
Collateral dependent loans$— $— $1,569 $1,569 
Other real estate owned— — 248 248 
Total assets$— $— $1,817 $1,817 
Schedule of Quantitative Information for Level 3 Fair Value Measurements
The following table presents quantitative information about Level 3 fair value measurements for assets measured at fair value on a nonrecurring basis at the dates indicated.
Range
(Dollars in thousands)Fair ValueValuation Technique(s)Unobservable Input(s)MinMaxWeighted Average
December 31, 2023
Investor loans secured by real estate
SBA secured by real estate (1)
$419 Fair value of collateralCost to sell10.00%10.00%10.00%
Commercial loans
Commercial and industrial1,150 Fair value of collateralCost to sell7.00%7.00%7.00%
Total individually evaluated loans1,569 
Other real estate owned
248 Fair value of propertyCost to sell10.00%10.00%10.00%
Total assets
$1,817 
______________________________
(1) SBA loans that are collateralized by hotel/motel real property.
Schedule of Carrying Amount and Estimated Fair Value of Financial Instruments
The fair value estimates presented herein are based on pertinent information available to management as of the dates indicated, representing an exit price.
 June 30, 2024
(Dollars in thousands)Carrying
Amount		Level 1Level 2Level 3Estimated
Fair Value
Assets     
Cash and cash equivalents$899,817 $899,817 $— $— $899,817 
Interest-bearing time deposits with financial institutions996 996 — — 996 
HTM investment securities1,710,141 — 1,427,324 — 1,427,324 
AFS investment securities1,320,050 — 1,320,050 — 1,320,050 
Equity securities589 589 — — 589 
Loans held for sale140 — 146 — 146 
Loans held for investment, net12,489,951 — — 11,796,323 11,796,323 
Derivative assets (1)
6,426 4 6,422 — 6,426 
Accrued interest receivable69,629 — 69,629 — 69,629 
Liabilities     
Deposit accounts$14,627,654 $— $14,643,853 $— $14,643,853 
FHLB advances200,000 — 199,323 — 199,323 
Subordinated debentures332,160 — 324,577 — 324,577 
Derivative liabilities11,987 — 11,987 — 11,987 
Accrued interest payable17,356 — 17,356 — 17,356 
______________________________
(1) Represents amounts after the application of variation margin payments as settlements with central counterparties, where applicable. See Note 11 – Derivative Instruments for additional information.
 December 31, 2023
(Dollars in thousands)Carrying
Amount		Level 1Level 2Level 3Estimated
Fair Value
Assets     
Cash and cash equivalents$936,473 $936,473 $— $— $936,473 
Interest-bearing time deposits with financial institutions995 995 — — 995 
HTM investment securities1,729,541 — 1,485,506 — 1,485,506 
AFS investment securities1,140,071 — 1,140,071 — 1,140,071 
Equity securities
759 759 — — 759 
Loans held for investment, net13,289,020 — — 12,562,323 12,562,323 
Derivative assets (1)
5,644 1 5,643 — 5,644 
Accrued interest receivable68,516 — 68,516 — 68,516 
Liabilities     
Deposit accounts$14,995,626 $— $15,003,769 $— $15,003,769 
FHLB advances600,000 — 592,480 — 592,480 
Subordinated debentures331,842 — 320,687 — 320,687 
Derivative liabilities10,715 10 10,705 — 10,715 
Accrued interest payable18,671 — 18,671 — 18,671 
______________________________
(1) Represents amounts after the application of variation margin payments as settlements with central counterparties, where applicable. See Note 11 – Derivative Instruments for additional information.