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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Interest Income      
Interest and fees on loans $ 494,807 $ 548,389 $ 518,080
Interest and dividends on investment securities 43,958 49,971 54,660
Interest on balances with other banks and short-term investments 65,717 89,203 52,587
Total interest income 604,482 687,563 625,327
Interest Expense      
Interest on deposits 314,655 320,421 257,544
Interest on customer repurchase agreements 764 1,271 1,218
Interest on other short-term borrowings 11,086 72,386 73,253
Interest on long-term borrowings 8,090 4,797 2,766
Total interest expense 334,595 398,875 334,781
Net Interest Income 269,887 288,688 290,546
Provision for (Reversal of) Credit Losses 293,097 66,360 31,536
Provision for (Reversal of) Credit Losses for Unfunded Commitments 1,627 (2,127) (267)
Net Interest Income (Loss) After Provision for (Reversal of) Credit Losses (24,837) 224,455 259,277
Noninterest Income      
Service charges on deposits 7,127 6,843 6,455
Gain (loss) on sale of loans (4,687) 57 418
Net gain (loss) on sale of investment securities (3,823) 14 (11)
Increase in the cash surrender value of bank-owned life insurance 20,372 2,885 2,659
Other income 10,319 10,140 12,015
Total noninterest income 29,308 19,939 21,536
Noninterest Expense      
Salaries and employee benefits 87,859 87,768 86,096
Premises and equipment expenses 12,027 11,382 12,606
Marketing and advertising 5,016 5,449 3,359
Data processing 16,574 14,093 13,083
Legal, accounting and professional fees 10,168 9,286 10,787
FDIC insurance 31,413 29,009 11,853
Goodwill impairment 0 104,168 0
Legal contingency (Note 19) 10,000 0 0
Other expenses 27,598 13,479 15,509
Total noninterest expense 200,655 274,634 153,293
Income (Loss) Before Income Tax Expense (196,184) (30,240) 127,520
Income Tax Expense (Benefit) (58,132) 16,795 26,986
Net Income (loss) $ (138,052) $ (47,035) $ 100,534
Earnings (Loss) Per Common Share      
Basic (in dollars per share) $ (4.55) $ (1.56) $ 3.31
Diluted (in dollars per share) $ (4.55) $ (1.56) $ 3.31