CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
ASSETS
Cash and due from banks	$ 4,196	$ 6,941
Restricted cash (amounts related to VIEs of $6.3 million and $6.3 million, respectively)	26,477	28,226
Interest bearing deposits in banks	279,618	346,207
Total cash and cash equivalents	310,291	381,374
Debt securities available-for-sale, at fair value	16,829	23,916
Loans held for sale, at fair value	971,837	372,286
Loans held for sale, at LCM	26,532	58,803
Loans held for investment, at fair value	281,198	369,746
Loans held for investment, at amortized cost, net of deferred fees and costs	896,689	621,651
Allowance for credit losses	(45,226)	(30,233)
Loans held for investment, at amortized cost, net	851,463	591,418
Federal Home Loan Bank and Federal Reserve Bank stock	4,234	3,585
Settlement receivable	438	52,465
Residuals in securitizations, at fair value	76,701	0
Goodwill and intangibles	14,597	14,752
Right of use assets	2,790	5,688
Servicing assets, at fair value	15,358	22,062
Servicing assets, at LCM	29,564	24,195
Other assets	95,268	60,636
Assets held for sale	0	21,308
Total assets	2,744,819	2,059,912
Deposits:
Noninterest-bearing	53,873	11,142
Interest-bearing	1,364,535	961,910
Total deposits	1,418,408	973,052
Borrowings (including borrowings of VIEs of $127.1 million and $186.6 million, respectively)	819,888	708,041
Dividends payable	0	5,233
Lease liabilities	2,874	6,498
Deferred tax liabilities, net	10,728	2,244
Due to participants	52,389	21,532
Accounts payable, accrued expenses and other liabilities	42,962	40,806
Liabilities directly associated with assets held for sale	0	6,224
Total liabilities	2,347,249	1,763,630
Commitment and contingencies (Note 14)
Shareholders' Equity:
Common stock (par value $0.02 per share; 199,980 authorized, 28,658 and 26,291 issued and outstanding, respectively)	573	526
Retained earnings	94,990	57,773
Additional paid-in capital	253,830	218,266
Accumulated other comprehensive loss, net of income taxes	(4)	(21)
Total shareholders' equity	397,570	296,282
Total liabilities and shareholders' equity	2,744,819	2,059,912
Joint Ventures and Other Investments
ASSETS
Investments	47,719	57,678
Series A Preferred stock
Shareholders' Equity:
Preferred stock	0	19,738
Series B Preferred stock
Shareholders' Equity:
Preferred stock	$ 48,181	$ 0