CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Assets:
Cash and cash equivalents (includes restricted cash of $24,475 and $16,190, respectively)	$ 931,067	$ 1,024,007
Investment securities:
Available-for-sale, at fair value (amortized cost of $13,813,551 and $11,940,774, respectively)	13,580,285	11,467,560
Held-to-maturity, at amortized cost	3,954,223	5,097,492
Other investments	15,871	11,835
Total Investment Securities	17,550,379	16,576,887
Loans:
Loans held for sale, at lower of cost or fair value	0	6,170
Loans held for investment, at amortized cost	13,877,051	11,183,408
Loans held for investment in consolidated trusts, at amortized cost	2,482,010	2,038,283
Allowance for losses	(37,785)	(23,223)
Total loans, net of allowance	16,321,276	13,204,638
Financial derivatives, at fair value	44,875	27,789
Accrued interest receivable (includes $40,945 and $28,563, respectively, related to consolidated trusts)	357,155	310,592
Guarantee and commitment fees receivable	57,214	50,499
Deferred tax asset, net	173	1,544
Prepaid expenses and other assets	108,018	128,786
Total Assets	35,370,157	31,324,742
Liabilities:
Notes payable	30,822,570	27,371,174
Debt securities of consolidated trusts held by third parties	2,365,435	1,929,628
Financial derivatives, at fair value	21,618	77,326
Accrued interest payable (includes $15,795 and $12,387, respectively, related to consolidated trusts)	233,714	195,113
Guarantee and commitment obligation	54,770	48,326
Other liabilities	153,101	214,149
Total Liabilities	33,651,208	29,835,716
Commitments and Contingencies (Note 10)
Common stock:
Additional paid-in capital	139,370	135,894
Accumulated other comprehensive income/(loss), net of tax	13,382	(12,147)
Retained earnings	1,047,347	943,239
Total Equity	1,718,949	1,489,026
Total Liabilities and Equity	35,370,157	31,324,742
Series D
Preferred stock:
Preferred stock	96,659	96,659
Series E
Preferred stock:
Preferred stock	77,003	77,003
Series F
Preferred stock:
Preferred stock	116,160	116,160
Series G
Preferred stock:
Preferred stock	121,327	121,327
Series H
Preferred stock:
Preferred stock	96,844	0
Class A voting common stock
Common stock:
Common stock	1,031	1,031
Class B voting common stock
Common stock:
Common stock	500	500
Class C non-voting common stock
Common stock:
Common stock	$ 9,326	$ 9,360