CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Assets:
Cash and cash equivalents (includes restricted cash of $26,984 and $24,475, respectively)	$ 1,038,091	$ 931,067
Investment securities:
Available-for-sale, at fair value (amortized cost of $15,249,174 and $13,813,551, respectively)	14,891,506	13,580,285
Held-to-maturity, at amortized cost	4,514,893	3,954,223
Other investments	18,763	15,871
Total Investment Securities	19,425,162	17,550,379
Loans:
Loans held for investment, at amortized cost	15,902,213	13,877,051
Loans held for investment in consolidated trusts, at amortized cost	2,325,798	2,482,010
Allowance for losses	(47,167)	(37,785)
Total loans, net of allowance	18,180,844	16,321,276
Financial derivatives, at fair value	42,411	44,875
Accrued interest receivable (includes $37,189 and $40,945, respectively, related to consolidated trusts)	374,120	357,155
Guarantee and commitment fees receivable	58,476	57,214
Deferred tax asset, net	10,599	173
Prepaid expenses and other assets	160,489	108,018
Total Assets	39,290,192	35,370,157
Liabilities:
Notes payable	34,693,922	30,822,570
Debt securities of consolidated trusts held by third parties	2,217,532	2,365,435
Financial derivatives, at fair value	69,282	21,618
Accrued interest payable (includes $14,696 and $15,795, respectively, related to consolidated trusts)	268,428	233,714
Guarantee and commitment obligation	55,555	54,770
Other liabilities	131,039	153,101
Total Liabilities	37,435,758	33,651,208
Commitments and Contingencies (Note 5)
Equity:
Additional paid-in capital	140,836	139,370
Accumulated other comprehensive (loss)/income, net of tax	(18,234)	13,382
Retained earnings	1,116,225	1,047,347
Total Equity	1,854,434	1,718,949
Total Liabilities and Equity	39,290,192	35,370,157
Series D
Equity:
Preferred stock	96,659	96,659
Series E
Equity:
Preferred stock	77,003	77,003
Series F
Equity:
Preferred stock	116,160	116,160
Series G
Equity:
Preferred stock	121,327	121,327
Series H
Equity:
Preferred stock	96,844	96,844
Series I
Equity:
Preferred stock	96,764	0
Class A voting common stock
Equity:
Common stock	1,031	1,031
Class B voting common stock
Equity:
Common stock	500	500
Class C non-voting common stock
Equity:
Common stock	$ 9,319	$ 9,326