INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Components of income tax expense

The components of income tax expense for the years ended December 31, 2025, 2024 and 2023 were as follows:

	Years ended December 31,
	2025		2024		2023
Current income tax expense:
Federal	$	8,144	$	4,637	$	1,251
State	2,839		2,799		1,593
Total current expense	10,983		7,436		2,844
Deferred income tax expense/(benefit):
Federal	7,501		9,076		(4,318)
State	981		1,327		(482)
Total deferred expense/(benefit)	8,482		10,403		(4,800)
Total income tax expense/(benefit)	$	19,465	$	17,839	$	(1,956)

Schedule of supplemental cash flow

The components of income taxes paid for the years ended December 31, 2025, 2024 and 2023 were as follows:

	Years ended December 31,
	2025	2024	2023
Total Incomes Taxes Paid	12,502	7,429	6,884
Federal	8,471	3,904	4,650
State:
Florida	615	—	—
New York:
New York City	—	314	—
New York State	1,544	1,704	1,128
Other	1,872	1,507	1,106

Schedule of effective income tax rate reconciliation

For the years ended December 31, 2025, 2024 and 2023, income taxes for financial reporting purposes differ from the amount computed by applying the statutory federal income tax rate of 21% as shown in the following table:

	Years ended December 31,
	2025				2024			2023
US federal statutory income tax rate	$	16,795	21.00	%	14,425	21.00	%	9,528	21.00	%
State and local income taxes, net of federal effect	3,125		3.91	%	3,538	5.15	%	911	2.01	%
Domestic federal reconciling items
Nontaxable and nondeductible items, net	531		0.66	%	(148)	(0.22)	%	788	1.74	%
Other	(986)		(1.23)	%	24	0.04	%	(203)	(0.45)	%
Realization of net operating loss carryforwards	—		—	%	—	—	%	(7,430)	(16.38)	%
DTA realization due to change in taxpayer status	—		—	%	—	—	%	(5,550)	(12.23)	%
Income tax expense/(benefit)	$	19,465	24.34	%	17,839	25.97	%	(1,956)	(4.31)	%

Schedule of deferred tax assets and liabilities

Significant components of the Company’s net deferred tax asset at December 31, 2025 and 2024 are listed below:

	December 31, 2025		December 31, 2024
Deferred tax assets:
Allowance for credit losses	$	11,599	$	7,914
Lease liabilities	747		1,737
Other	1,865		2,757
Purchase accounting, net	9		183
Stock compensation	21		1,134
Goodwill and intangible assets	—		217
Federal and state net operating losses, net of federal tax effect	832		201
Total deferred tax assets	15,073		14,143
Deferred tax liabilities:
Investments	1,076		2,481
Servicing rights	7,484		6,234
Right of use assets	725		1,488
Goodwill and intangible assets	1,128		—
Loans	15,381		6,069
Other	7		115
Total deferred tax liabilities	25,801		16,387
Net deferred tax liability	$	(10,728)	$	(2,244)

Summary of operating loss carryforwards

The following table provides details of the expiration dates for Company’s net operating loss carryforwards at December 31, 2025 and 2024:

Expiring:	December 31, 2025		December 31, 2024
Years ended 2029 - 2035	$	38	$	154
Years ended 2036 - 2043	18,944		3,872
Never	86		86
Total	$	19,068	$	4,112