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INCOME TAXES - Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Deferred tax assets:    
Basis difference related to hedge items $ 136,589 $ 84,922
Unrealized losses on available-for-sale securities 12,441 20,514
Allowance for losses 5,310 3,842
Compensation and Benefits 1,779 2,127
Stock-based compensation 3,014 2,481
Capital loss carryforwards 0 35
Valuation allowance 0 (35)
Other 5,887 2,051
Total deferred tax assets 165,020 115,937
Deferred tax liability:    
Basis differences related to financial derivatives 135,528 80,887
Unrealized gains on cash flow hedges 9,212 9,843
Basis difference related to structured securitizations 18,726 16,647
Other 10 90
Total deferred tax liability 163,476 107,467
Net deferred tax asset $ 1,544 $ 8,470