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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Interest Income        
Interest and fees on loans $ 102,260 $ 123,704 $ 318,184 $ 375,063
Interest and dividends on investment securities 9,898 10,527 28,787 33,875
Interest on balances with other banks and short-term investments 9,434 15,872 33,101 46,018
Total interest income 121,592 150,103 380,072 454,956
Interest Expense        
Interest on deposits 58,195 79,385 185,010 235,508
Interest on customer repurchase agreements 0 202 0 712
Interest on other short-term borrowings 64 332 648 11,086
Interest on long-term borrowings 2,024 2,025 6,072 6,066
Total interest expense 60,283 81,944 191,730 253,372
Net Interest Income 61,309 68,159 188,342 201,584
Provision for Credit Losses 2,809 113,215 37,639 277,629
Provision for (Reversal of) Credit Losses for Unfunded Commitments 10 (38) (1,761) 1,424
Net Interest Income (Loss) After Provision for (Reversal of) Credit Losses 58,490 (45,018) 152,464 (77,469)
Noninterest Income        
Service charges on deposits 1,794 1,773 5,259 5,287
Gain (loss) on sale of loans 0 (3,550) 5,841 (3,550)
Net gain (loss) on sale of investment securities 21 (1,982) 290 (3,832)
Increase in the cash surrender value of bank-owned life insurance 5,773 5,293 17,124 14,736
Other income 1,976 961 4,517 4,475
Total noninterest income 9,564 2,495 33,031 17,116
Noninterest Expense        
Salaries and employee benefits 28,274 21,290 74,887 65,198
Premises and equipment expenses 2,331 2,944 7,309 9,166
Marketing and advertising 1,474 1,316 3,503 3,831
Data processing 4,090 3,950 12,551 12,221
Legal, accounting and professional fees 4,046 2,396 14,130 7,068
FDIC insurance 2,811 6,665 14,682 23,704
Other expenses 4,075 3,336 13,796 9,630
Total noninterest expense 47,101 41,897 140,858 130,818
Income (Loss) Before Income Tax Expense 20,953 (84,420) 44,637 (191,171)
Income Tax Expense (Benefit) (3,293) (16,907) (1,245) (55,558)
Net Income (Loss) $ 24,246 $ (67,513) $ 45,882 $ (135,613)
Earnings (Loss) Per Common Share        
Basic (in dollars per share) $ 0.80 $ (2.22) $ 1.51 $ (4.47)
Diluted (in dollars per share) $ 0.79 $ (2.22) $ 1.50 $ (4.47)