0001628280-26-012946 | 10-K | XBRL Viewer

Loans held for investment, net

$ 25,155,487

$ 23,983,918

25,032,679

23,781,663

Loans and leases held for investment, net

^[1]

24,787,067

23,542,303

Land and Acquisitions and Development Loans

11,400

12,600

214,500

223,900

Financing Receivable, Unamortized Purchase Premium (Discount)

86,061

175,713

Financing Receivable, Unamortized Loan Cost (Fee)

(36,747)

(26,542)

Financing Receivable, Unamortized Purchase Premium

72,400

59,500

Financing Receivable, Unamortized Purchase Premium (Discount)

(158,500)

(235,200)

Loans and Finance Receivables

Financing Receivable, Credit Quality Indicator [Line Items]

Financing Receivable, Credit Quality Indicator [Line Items]

104,300

96,800

Mortgages [Member]

Real Estate Construction [Member]

13,846,097

13,605,595

Financing Receivable, Credit Quality Indicator [Line Items]

Commercial Portfolio Segment [Member]

^[2]

1,959,591

3,187,146

Financing Receivable, Credit Quality Indicator [Line Items]

Consumer Portfolio Segment [Member]

8,994,466

6,788,923

Financing Receivable, Credit Quality Indicator [Line Items]

Summary of Interest Bearing Deposits

$ 355,333

$ 402,254

[1]	Excludes accrued interest receivable of $104.3 million and $96.8 million at December 31, 2025 and 2024, which is recorded in "Other assets" on the consolidated balance sheets.
[2]	Includes land and acquisition and development loans of $214.5 million and $223.9 million at December 31, 2025 and 2024. (2) Represents net acquisition discounts of $158.5 million and net purchase premiums of $72.4 million at December 31, 2025, and net acquisition discounts of $235.2 million and purchase premiums of $59.5 million at December 31, 2024.

Commitments and Contingencies (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Loan commitments to extend credit	$ 5,433,357	$ 4,887,690
Standby letters of credit	244,895	201,768
Unused Commitments to Extend Credit	$ 5,678,252	$ 5,089,458

Deposits Deposits (Tables)

12 Months Ended

Dec. 31, 2025

Deposits [Abstract]

The following table presents the components of deposits as of the dates indicated:


	December 31,
Deposit Composition	2025		2024
	(In thousands)
Noninterest-bearing deposits	$	7,822,787	$	7,719,913
Interest-bearing deposits:
Interest checking	8,509,587		7,610,705
Money market	4,917,857		5,361,635
Savings	1,905,863		1,933,232
Time deposits $250,000 and under	3,669,523		3,468,376
Time deposits over $250,000	1,017,740		1,098,048
Total deposits	$	27,843,357	$	27,191,909

Schedule of Maturities Of Time Deposits

The following table summarizes the maturities of time deposits as of the date indicated:


	Time Deposits
	$250,000		Over
December 31, 2025	and Under		$250,000		Total
	(In thousands)
Year of Maturity:
2026	$	3,307,013	$	916,687	$	4,223,700
2027	357,088		94,372		451,460
2028	2,232		3,174		5,406
2029	865		2,013		2,878
2030	2,325		1,494		3,819
Thereafter	—		—		—
Total	$	3,669,523	$	1,017,740	$	4,687,263

Deposits Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Deposits [Abstract]
Interest checking	$ 8,509,587	$ 7,610,705
Money market	4,917,857	5,361,635
Savings	1,905,863	1,933,232
Time deposits $250,000 and under	3,669,523	3,468,376
Interest-bearing Domestic Deposit, Brokered	1,017,740	1,098,048
Deposits	$ 27,843,357	$ 27,191,909

Goodwill and Other Intangible Assets (Details Textual) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2025	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill		$ 214,521	$ 214,521	$ 198,627
Goodwill impairment		0	0	1,376,736
Goodwill [Line Items]
Goodwill impairment		$ 0	$ 0	$ 1,376,736
Goodwill
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill impairment	$ 1,400,000
Goodwill [Line Items]
Goodwill impairment	$ 1,400,000

Amount, after accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-8

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479303/805-10-55-41

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 740
-Name Accounting Standards Codification
-Section 55
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478064/805-740-55-13

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 39
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479303/805-10-55-39

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 49
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-49

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481372/852-10-55-10

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(15))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482598/350-20-45-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(10)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 14: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 805
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479581/805-30-50-4

Amount of impairment loss from asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1A

Schedule of Held-to-maturity Securities [Line Items]

Consolidated Statements of Cash Flows - USD ($) $ in Thousands		12 Months Ended
	Nov. 30, 2023	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Cash flows from operating activities:
Net earnings (loss)		$ 228,973	$ 126,888	$ (1,899,137)
Goodwill impairment		0	0	1,376,736
Depreciation and amortization		49,274	54,593	52,691
Amortization of net premiums on investment securities		19,683	23,809	37,488
Accretion Expense		(84,754)	(105,089)	0
Intangible asset amortization		28,267	33,143	11,419
Amortization of operating lease ROU assets		23,485	33,666	27,176
Provision for credit losses		70,600	42,801	52,000
Gain on sale of foreclosed assets, net		(203)	(819)	(586)
Provision for losses on foreclosed assets		773	1,885	1,992
Loss (gain) on sale of loans and leases, net		115	(645)	161,346
Loss (gain) on disposal of premises and equipment		199	647	(571)
Loss on sale of securities, net		0	60,400	442,413
Gain on BOLI death benefits		0	(1,100)	(416)
Unrealized (gain) loss on derivatives, foreign currencies, and credit-linked notes, net		(297)	(276)	5,629
LOCOM HFS Adjustment		9	(215)	8,461
Decrease (increase) in other assets		53,522	167,973	(214,614)
(Decrease) increase in accrued interest payable and other liabilities		(157,397)	(375,735)	45,044
Net cash provided by operating activities		255,601	77,374	135,768
Cash flows from investing activities:
Cash acquired in acquisitions, net of cash consideration paid		0	0	335,319
Net (increase) decrease in loans and leases		(1,658,721)	(662,358)	464,057
Proceeds from sales of loans and leases		261,875	2,455,814	8,524,063
Proceeds from maturities and paydowns of securities available-for-sale		478,677	243,572	261,042
Proceeds from sales of securities available-for-sale		0	693,338	3,028,011
Purchases of securities available-for-sale		(605,394)	(835,949)	(13,439)
Proceeds from maturities and paydowns of securities held-to-maturity		19,520	1,398	1,353
Purchases of FHLB and FRB stock		(17,396)	(23,440)	(304,014)
Redemptions of FHLB and FRB stock		4,727	2,013	272,162
Proceeds from sales of foreclosed assets		14,706	16,909	17,137
Purchases of premises and equipment, net		(20,830)	(13,047)	(15,219)
Proceeds from sales of premises and equipment		0	190	9,018
Proceeds from BOLI death benefits		2,124	5,058	3,946
Net decrease in equipment leased to others under operating leases		42,563	7,866	25,709
Net cash (used in) provided by investing activities		(1,478,149)	1,891,364	12,609,145
Cash flows from financing activities:
Net (decrease) increase in noninterest-bearing deposits		102,874	(54,341)	(5,722,546)
Net (decrease) increase in interest-bearing deposits		548,574	(3,155,519)	(4,359,678)
Net increase (decrease) in borrowings		(178,285)	(2,623,756)	(2,320,516)
Net proceeds from stock issuance		0	0	382,900
Payments for Repurchase of Common Stock		0
Proceeds from Issuance of Common Stock, Dividend Reinvestment Plan		0	308	69
Proceeds from Stock Options Exercised		77	0	0
Restricted stock surrendered			(2,708)	(5,419)
Common stock dividends paid			(68,298)	(48,881)
Net cash (used in) provided by financing activities		1,028,301	(4,844,102)	(9,607,559)
Net increase (decrease) in cash and cash equivalents		(194,247)	(2,875,364)	3,137,354
Cash and cash equivalents, beginning of year		2,502,212	5,377,576	2,240,222
Cash and cash equivalents, end of year		2,307,965	2,502,212	5,377,576
Supplemental disclosures of cash flow information:
Cash paid for interest		715,041	1,014,839	1,063,981
Cash paid (received) for income taxes		7,545	(14,450)	(68,168)
Loans transferred to foreclosed assets		22,844	19,978	20,915
Transfers from loans held for investment to loans held for sale		448,107	1,930,285	3,162,615
Loan, Transfer from Held-for-Sale to Held-in-Portfolio		0	1,179	513,914
Liabilities		31,256,165	30,042,915
Proceeds from Issuance of Debt		850,185	1,100,000	2,506,300
March 17, 2025 Stock Repurchase Program
Cash flows from financing activities:
Payments for Repurchase of Common Stock		(187,727)
Pacific Western Bank
Cash flows from financing activities:
Net proceeds from stock issuance				663,004
Supplemental disclosures of cash flow information:
Assets	$ 8,405,477
Business Combination, Consideration Transferred	(663,004)
Liabilities	$ 7,742,473
Parent [Member]
Cash flows from operating activities:
Earned stock compensation		23,352	15,448	28,697
Decrease (increase) in other assets		(3,438)	(42,141)	(466,018)
Cash flows from investing activities:
Cash acquired in acquisitions, net of cash consideration paid		0		26,310
Cash flows from financing activities:
Net proceeds from stock issuance		0	0	382,900
Payments for Repurchase of Common Stock		(187,727)
Restricted stock surrendered		(3,714)	(2,708)	(5,419)
Preferred stock dividends paid		(39,788)	(39,788)	(39,788)
Common stock dividends paid		(63,895)	(68,298)	$ (48,881)
Supplemental disclosures of cash flow information:
Liabilities		$ 224,129	$ 397,144

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Non-Voting Shares Conversion Inc (Dec)	Non-Voting Shares Conversion (Decrease)	Voting Common Stock	Class B Non-Voting	Non-Voting Common Stock Equivalents	Non-Voting Common Stock Equivalents Capital Raise	Nonvoting Common Stock	Preferred Stock	Common Stock Non-Voting Shares Conversion Inc (Dec)	Common Stock Voting Common Stock	Common Stock Voting Common Stock Capital Raise	Common Stock Voting Common Stock Equity Option	Common Stock Voting Common Stock Restricted Stock-Based Compensation	Common Stock Voting Common Stock Restricted Stock-Based Compensation Surrendered	Common Stock Voting Common Stock Pacific Western Bank	Common Stock Class B Non-Voting	Common Stock Class B Non-Voting Pacific Western Bank	Additional Paid-in Capital
Preferred Stock, Shares Outstanding									513,250
Common Stock, Shares, Outstanding				78,973,869
Shares Purchased under Dividend Reinvestment Plan											5,268
Stock Issued During Period, Value, Stock Options Exercised							10,829,990					21,690,334				(57,157,632)		(477,321)
Preferred Stock, Shares Outstanding									513,250
Common Stock, Shares, Outstanding				157,651,752													477,321
Common Stock, Shares, Issued, Acquisitions						10,829,990								55,422	230,773
Stock Purchased Under Dividend Reinvestment Plan											20,505
Conversion of Stock, Shares Issued		(1,039,390)								1,039,390
Stock Repurchased During Period, Value																			$ 308
Preferred Stock, Shares Issued	513,250
Preferred Stock, Shares Outstanding	513,250								513,250
Common Stock, Shares, Outstanding	158,346,529										158,557,735						477,321
Common Stock, Shares, Issued, Acquisitions	158,557,735				477,321	9,790,600		9,790,600						(54,555)	99,357
Stock Purchased Under Dividend Reinvestment Plan											18,445
Conversion of Stock, Shares Issued		1,144,594								(1,144,594)
Stock Repurchased During Period, Shares								(1,150,000)			(12,498,429)
Stock Issued During Period, Value, Stock Options Exercised													5,616
Conversion of Stock, Description			(4,768,130)							4,768,130
Conversion of Voting Common Stock to Non-Voting Common Stock Equivalents				$ (11)		$ 11
Preferred Stock, Shares Issued	513,250
Preferred Stock, Shares Outstanding	513,250								513,250
Common Stock, Shares, Outstanding	149,963,520				477,321						150,039,018						477,321
Common Stock, Shares, Issued, Acquisitions	150,039,018				477,321	5,017,064		5,017,064						586,395	254,280

Loans and Leases TDRs (Details) - USD ($) $ in Thousands	12 Months Ended
Loans and Leases TDRs (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing Receivable, Troubled Debt Restructuring, Subsequent Default	$ 11,471	$ 27,109
Other commercial \| Commercial Portfolio Segment [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing Receivable, Troubled Debt Restructuring, Subsequent Default	142
Other Residential Real Estate \| Mortgages [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing Receivable, Troubled Debt Restructuring, Subsequent Default	$ 2,197	$ 3,539

Borrowings and Subordinated Debentures - Subordinated Debentures (Details) $ in Thousands, € in Millions	12 Months Ended
	Dec. 31, 2025 USD ($)	Dec. 31, 2025 EUR (€)	Dec. 31, 2024 USD ($)
Subordinated Borrowing [Line Items]
Subordinated debt	$ 952,740		$ 941,923
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	4.47%	4.47%	5.06%
Subordinated Debentures, Gross	$ 1,016,327		$ 1,012,187
Debt Issuance Costs, Gross	$ 3,300
Trust Preferred Securities Two Thousand Six Series Three
Subordinated Borrowing [Line Items]
Liability, Reporting Currency Denominated, Value \| €		€ 25.8
Subordinated notes due May 2031
Subordinated Borrowing [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.52%
Euribor Rate [Member] \| Trust Preferred Securities Two Thousand Six Series Three
Subordinated Borrowing [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.05%
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate \| Subordinated Debt Trust V Due September 2033 [Member]
Subordinated Borrowing [Line Items]
Debt Instrument, Basis Spread on Variable Rate	3.10%
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate \| Subordinated Debt Trust VI Due September 2033 [Member]
Subordinated Borrowing [Line Items]
Debt Instrument, Basis Spread on Variable Rate	3.05%
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate \| Subordinated Debt Trust CII Due September 2033 [Member]
Subordinated Borrowing [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.95%
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate \| Subordinated Debt Trust VII Due April 2034 [Member]
Subordinated Borrowing [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.75%
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate \| Subordinated Debt Trust CIII Due September 2035 [Member]
Subordinated Borrowing [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.69%
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate \| Subordinated Debt Trust FCCI Due March 2037 [Member]
Subordinated Borrowing [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.60%
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate \| Subordinated Debt Trust FCBI Due December 2035 [Member]
Subordinated Borrowing [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.55%
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate \| Trust Preferred Securities Two Thousand Five Series One [Member]
Subordinated Borrowing [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.95%
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate \| Trust Preferred Securities Two Thousand Five Series Two [Member]
Subordinated Borrowing [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.95%
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate \| Two Thousand Six One Term Debt Securitization [Member]
Subordinated Borrowing [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.95%
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate \| Trust Preferred Securities Two Thousand Six Series Five [Member]
Subordinated Borrowing [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.95%
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate \| Two Thousand Seven One Term Debt Securitization [Member]
Subordinated Borrowing [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.95%
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate \| PMB Statutory Trust III
Subordinated Borrowing [Line Items]
Debt Instrument, Basis Spread on Variable Rate	3.40%
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate \| PMB CapitalTrust III
Subordinated Borrowing [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.00%
Prime Rate \| Two Thousand Six Two Term Debt Securitization [Member]
Subordinated Borrowing [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.95%
Prime Rate \| Trust Preferred Securities Two Thousand Six Series Four [Member]
Subordinated Borrowing [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.95%
Subordinated Debt
Subordinated Borrowing [Line Items]
Debt Instrument, Unamortized Discount	$ (63,587)		$ (70,264)
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	5.35%	5.35%	5.48%
Subordinated Debt \| Subordinated Debt Trust V Due September 2033 [Member]
Subordinated Borrowing [Line Items]
Long-term Debt, Gross	$ 10,310		$ 10,310
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	7.07%	7.07%	7.71%
Subordinated Debt \| Subordinated Debt Trust VI Due September 2033 [Member]
Subordinated Borrowing [Line Items]
Long-term Debt, Gross	$ 10,310		$ 10,310
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	7.03%	7.03%	7.67%
Subordinated Debt \| Subordinated Debt Trust CII Due September 2033 [Member]
Subordinated Borrowing [Line Items]
Long-term Debt, Gross	$ 5,155		$ 5,155
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	6.92%	6.92%	7.56%
Subordinated Debt \| Subordinated Debt Trust VII Due April 2034 [Member]
Subordinated Borrowing [Line Items]
Long-term Debt, Gross	$ 61,856		$ 61,856
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	6.85%	6.85%	7.60%
Subordinated Debt \| Subordinated Debt Trust CIII Due September 2035 [Member]
Subordinated Borrowing [Line Items]
Long-term Debt, Gross	$ 20,619		$ 20,619
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	5.67%	5.67%	6.31%
Subordinated Debt \| Subordinated Debt Trust FCCI Due March 2037 [Member]
Subordinated Borrowing [Line Items]
Long-term Debt, Gross	$ 16,495		$ 16,495
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	5.58%	5.58%	6.22%
Subordinated Debt \| Subordinated Debt Trust FCBI Due December 2035 [Member]
Subordinated Borrowing [Line Items]
Long-term Debt, Gross	$ 10,310		$ 10,310
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	5.53%	5.53%	6.17%
Subordinated Debt \| Trust Preferred Securities Two Thousand Five Series One [Member]
Subordinated Borrowing [Line Items]
Long-term Debt, Gross	$ 82,475		$ 82,475
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	5.93%	5.93%	6.57%
Subordinated Debt \| Trust Preferred Securities Two Thousand Five Series Two [Member]
Subordinated Borrowing [Line Items]
Long-term Debt, Gross	$ 128,866		$ 128,866
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	6.05%	6.05%	6.80%
Subordinated Debt \| Two Thousand Six One Term Debt Securitization [Member]
Subordinated Borrowing [Line Items]
Long-term Debt, Gross	$ 51,545		$ 51,545
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	9.20%	9.20%	9.95%
Subordinated Debt \| Two Thousand Six Two Term Debt Securitization [Member]
Subordinated Borrowing [Line Items]
Long-term Debt, Gross	$ 51,550		$ 51,550
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	6.05%	6.05%	6.80%
Subordinated Debt \| Trust Preferred Securities Two Thousand Six Series Three
Subordinated Borrowing [Line Items]
Long-term Debt, Gross	$ 30,275		$ 26,687
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	4.12%	4.12%	5.10%
Subordinated Debt \| Trust Preferred Securities Two Thousand Six Series Four [Member]
Subordinated Borrowing [Line Items]
Long-term Debt, Gross	$ 16,470		$ 16,470
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	9.20%	9.20%	9.95%
Subordinated Debt \| Trust Preferred Securities Two Thousand Six Series Five [Member]
Subordinated Borrowing [Line Items]
Long-term Debt, Gross	$ 6,650		$ 6,650
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	6.05%	6.05%	6.80%
Subordinated Debt \| Two Thousand Seven One Term Debt Securitization [Member]
Subordinated Borrowing [Line Items]
Long-term Debt, Gross	$ 39,177		$ 39,177
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	6.05%	6.05%	6.80%
Subordinated Debt \| Subordinated notes due May 2031
Subordinated Borrowing [Line Items]
Long-term Debt, Gross	$ 381,737		$ 381,185
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	3.25%	3.25%	3.25%
Subordinated Debt \| PMB Statutory Trust III
Subordinated Borrowing [Line Items]
Long-term Debt, Gross	$ 7,217		$ 7,217
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	7.35%	7.35%	7.99%
Subordinated Debt \| PMB CapitalTrust III
Subordinated Borrowing [Line Items]
Long-term Debt, Gross	$ 10,310		$ 10,310
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	6.15%	6.15%	6.89%
Subordinated Debt \| Subordinated Notes Due October 30, 2030
Subordinated Borrowing [Line Items]
Long-term Debt, Gross	$ 75,000		$ 75,000
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	8.05%	8.05%	4.375%

Investment Securities - Securities Available for Sale (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Securities, Amortized Cost Basis	$ 2,646,414	$ 2,526,644
Debt Securities, Available-for-Sale, Allowance for Credit Loss	(775)	0
Debt Securities, Available-for-Sale, Net Carrying Amount	2,645,639
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax	5,309	699
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax	(196,890)	(280,504)
(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)	2,454,058	2,246,839
Interest Receivable	11,400	12,600
Residential Mortgage Backed Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Securities, Amortized Cost Basis	972,161	1,051,601
Debt Securities, Available-for-Sale, Allowance for Credit Loss	0
Debt Securities, Available-for-Sale, Net Carrying Amount	972,161
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax	0	0
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax	(138,076)	(189,761)
(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)	834,085	861,840
Government agency and government-sponsored enterprise pass through securities [Member]
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Securities, Amortized Cost Basis	52,022	52,610
Debt Securities, Available-for-Sale, Allowance for Credit Loss	0
Debt Securities, Available-for-Sale, Net Carrying Amount	52,022
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax	44	0
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax	(1,100)	(1,046)
(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)	50,966	51,564
Government agency and government-sponsored enterprise collateralized mortgage obligations [Member]
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Securities, Amortized Cost Basis	883,067	467,319
Debt Securities, Available-for-Sale, Allowance for Credit Loss	0
Debt Securities, Available-for-Sale, Net Carrying Amount	883,067
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax	3,857	223
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax	(15,300)	(20,911)
(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)	871,624	446,631
US States and Political Subdivisions Debt Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Securities, Amortized Cost Basis		602
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax		0
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax		(8)
(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)		594
Corporate Debt Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Securities, Amortized Cost Basis	257,236	289,098
Debt Securities, Available-for-Sale, Allowance for Credit Loss	(775)
Debt Securities, Available-for-Sale, Net Carrying Amount	256,461
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax	576	0
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax	(15,441)	(31,386)
(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)	241,596	257,712
Private Label Collateralized Mortgage Obligations [Member]
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Securities, Amortized Cost Basis	254,787	352,615
Debt Securities, Available-for-Sale, Allowance for Credit Loss	0
Debt Securities, Available-for-Sale, Net Carrying Amount	254,787
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax	522	7
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax	(26,334)	(35,712)
(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)	228,975	316,910
Collateralized Loan Obligations [Member]
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Securities, Amortized Cost Basis	200,519	278,976
Debt Securities, Available-for-Sale, Allowance for Credit Loss	0
Debt Securities, Available-for-Sale, Net Carrying Amount	200,519
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax	303	469
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax	0	(29)
(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)	200,822	279,416
Mortgage-backed Securities, Issued by Private Enterprises
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Securities, Amortized Cost Basis	9,746	13,585
Debt Securities, Available-for-Sale, Allowance for Credit Loss	0
Debt Securities, Available-for-Sale, Net Carrying Amount	9,746
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax	0	0
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax	(467)	(1,213)
(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)	9,279	12,372
Asset-backed Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Securities, Amortized Cost Basis	13,242	15,674
Debt Securities, Available-for-Sale, Allowance for Credit Loss	0
Debt Securities, Available-for-Sale, Net Carrying Amount	13,242
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax	7	0
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax	0	(74)
(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)	13,249	15,600
SBA asset-backed securities [Member]
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Securities, Amortized Cost Basis	3,634	4,564
Debt Securities, Available-for-Sale, Allowance for Credit Loss	0
Debt Securities, Available-for-Sale, Net Carrying Amount	3,634
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax	0	0
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax	(172)	(364)
(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)	3,462	4,200
Corporate Debt Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Interest Receivable	$ 13,400	$ 13,400

Investment Securities - Contractual Maturities of Securities Held-to-Maturity (Details) - USD ($)
$ in Thousands

Dec. 31, 2025

Dec. 31, 2024

Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, Year One

$ 0

Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, Year One

218,942

Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, Rolling after One through Five Years

1,042,089

Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, after Year 10

1,048,300

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

2,309,331

$ 2,307,649

Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, Year One

Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five

215,931

Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10

1,008,385

Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10

1,022,210

US States and Political Subdivisions Debt Securities [Member]

2,246,526

^[1]

2,156,694

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, Year One

149,636

Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, Rolling after One through Five Years

380,067

Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, after Year 10

708,089

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

1,237,792

1,251,364

Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, Year One

Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five

148,682

Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10

377,094

Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10

693,335

Commercial Mortgage Backed Securities [Member]

1,219,111

1,196,460

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, Year One

69,306

Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, Rolling after One through Five Years

377,977

Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, after Year 10

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

447,283

440,476

Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, Year One

Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five

67,249

Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10

360,389

Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10

Mortgage-backed Securities, Issued by Private Enterprises

427,638

402,636

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, Year One

Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, Rolling after One through Five Years

37,304

Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, after Year 10

323,078

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

360,382

355,342

Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, Year One

Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five

Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10

36,419

Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10

314,357

US Treasury Securities [Member]

350,776

329,116

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, Year One

Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, Rolling after One through Five Years

193,022

Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, after Year 10

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

193,022

189,985

Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, Year One

Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five

Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10

185,088

Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10

Corporate Debt Securities [Member]

185,088

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, Year One

Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, Rolling after One through Five Years

53,719

Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, after Year 10

17,133

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

70,852

70,482

Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, Year One

Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five

Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10

49,395

Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10

14,518

Federal Home Loan Bank, Advance, Branch of FHLBank

$ 63,913

$ 55,199

[1]	Excludes accrued interest receivable of $13.4 million at December 31, 2025 which is recorded in "Other assets" on the consolidated balance shee

Loans and Leases Allowance for Loan and Leases Held for Investment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Allowance for Loan and Lease Losses [Roll Forward]
Charge-offs	$ 75,505	$ 94,943
Recoveries	16,977	9,116
Net charge-offs	(58,528)	(85,827)
Provision for credit losses	64,780	43,500
Allowance for loan and lease losses	245,612	239,360	$ 281,687
Financing Receivable, Individually Evaluated for Impairment	2,357	5,408
Financing Receivable, Collectively Evaluated for Impairment	243,255	233,952
Financing Receivable, Individually Evaluated for Credit Loss	156,273	186,891
Financing Receivable, Collectively Evaluated for Credit Loss	24,876,406	23,594,772
Loans held for investment, net	25,032,679	23,781,663
Previously Reported
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan and lease losses		239,360
Mortgages [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Charge-offs	26,507	63,117
Recoveries	2,786	2,766
Net charge-offs	(23,721)	(60,351)
Provision for credit losses	15,368	19,278
Allowance for loan and lease losses	137,401		186,827
Financing Receivable, Individually Evaluated for Impairment	2,357	1,702
Financing Receivable, Collectively Evaluated for Impairment	135,044	144,052
Financing Receivable, Individually Evaluated for Credit Loss	154,402	167,060
Financing Receivable, Collectively Evaluated for Credit Loss	13,596,385	13,260,599
Loans held for investment, net	13,750,787	13,427,659
Mortgages [Member] \| Previously Reported
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan and lease losses		145,754
Real Estate Construction [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Charge-offs	21,536	0
Recoveries	1,370	0
Net charge-offs	(20,166)	0
Provision for credit losses	18,075	(22,890)
Allowance for loan and lease losses	8,849		33,830
Financing Receivable, Individually Evaluated for Impairment	0	0
Financing Receivable, Collectively Evaluated for Impairment	8,849	10,940
Financing Receivable, Individually Evaluated for Credit Loss	0	0
Financing Receivable, Collectively Evaluated for Credit Loss	1,947,627	3,172,293
Loans held for investment, net	1,947,627	3,172,293
Real Estate Construction [Member] \| Previously Reported
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan and lease losses		10,940
Commercial Portfolio Segment [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Charge-offs	22,977	26,322
Recoveries	12,264	5,711
Net charge-offs	(10,713)	(20,611)
Provision for credit losses	28,967	43,288
Allowance for loan and lease losses	86,087		45,156
Financing Receivable, Individually Evaluated for Impairment	0	3,706
Financing Receivable, Collectively Evaluated for Impairment	86,087	64,127
Financing Receivable, Individually Evaluated for Credit Loss	1,871	19,831
Financing Receivable, Collectively Evaluated for Credit Loss	8,975,335	6,758,998
Loans held for investment, net	8,977,206	6,778,829
Commercial Portfolio Segment [Member] \| Previously Reported
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan and lease losses		67,833
Consumer Portfolio Segment [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Charge-offs	4,485	5,504
Recoveries	557	639
Net charge-offs	(3,928)	(4,865)
Provision for credit losses	2,370	3,824
Allowance for loan and lease losses	13,275		$ 15,874
Financing Receivable, Individually Evaluated for Impairment	0	0
Financing Receivable, Collectively Evaluated for Impairment	13,275	14,833
Financing Receivable, Individually Evaluated for Credit Loss	0	0
Financing Receivable, Collectively Evaluated for Credit Loss	357,059	402,882
Loans held for investment, net	$ 357,059	402,882
Consumer Portfolio Segment [Member] \| Previously Reported
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan and lease losses		$ 14,833

Loans and Leases Credit Risk Rating Categories (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Financing Receivable, Past Due [Line Items]
Financing Receivable, Nonaccrual	$ 159,168	$ 189,605
Loans held for investment, net	25,032,679	23,781,663
Mortgages [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Nonaccrual	154,676	167,206
Loans held for investment, net	13,750,787	13,427,659
Real Estate Construction [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Nonaccrual	0	0
Loans held for investment, net	1,947,627	3,172,293
Commercial Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Nonaccrual	3,135	21,775
Loans held for investment, net	8,977,206	6,778,829
Consumer Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Nonaccrual	1,357	624
Loans held for investment, net	357,059	402,882
Classified [Member]
Financing Receivable, Past Due [Line Items]
Loans held for investment, net	800,330	563,502
Classified [Member] \| Mortgages [Member]
Financing Receivable, Past Due [Line Items]
Loans held for investment, net	522,193	462,435
Classified [Member] \| Real Estate Construction [Member]
Financing Receivable, Past Due [Line Items]
Loans held for investment, net	55,810	0
Classified [Member] \| Commercial Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Loans held for investment, net	220,722	100,358
Classified [Member] \| Consumer Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Loans held for investment, net	1,605	709
Special Mention [Member]
Financing Receivable, Past Due [Line Items]
Loans held for investment, net	458,683	1,097,315
Special Mention [Member] \| Mortgages [Member]
Financing Receivable, Past Due [Line Items]
Loans held for investment, net	343,284	565,055
Special Mention [Member] \| Real Estate Construction [Member]
Financing Receivable, Past Due [Line Items]
Loans held for investment, net	10,714	351,244
Special Mention [Member] \| Commercial Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Loans held for investment, net	99,446	173,608
Special Mention [Member] \| Consumer Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Loans held for investment, net	5,239	7,408
Pass [Member]
Financing Receivable, Past Due [Line Items]
Loans held for investment, net	23,773,666	22,120,846
Pass [Member] \| Mortgages [Member]
Financing Receivable, Past Due [Line Items]
Loans held for investment, net	12,885,310	12,400,169
Pass [Member] \| Real Estate Construction [Member]
Financing Receivable, Past Due [Line Items]
Loans held for investment, net	1,881,103	2,821,049
Pass [Member] \| Commercial Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Loans held for investment, net	8,657,038	6,504,863
Pass [Member] \| Consumer Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Loans held for investment, net	350,215	394,765
Performing Financing Receivable [Member]
Financing Receivable, Past Due [Line Items]
Loans held for investment, net	24,873,511	23,592,058
Performing Financing Receivable [Member] \| Mortgages [Member]
Financing Receivable, Past Due [Line Items]
Loans held for investment, net	13,596,111	13,260,453
Performing Financing Receivable [Member] \| Real Estate Construction [Member]
Financing Receivable, Past Due [Line Items]
Loans held for investment, net	1,947,627	3,172,293
Performing Financing Receivable [Member] \| Commercial Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Loans held for investment, net	8,974,071	6,757,054
Performing Financing Receivable [Member] \| Consumer Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Loans held for investment, net	355,702	402,258
Asset-based \| Commercial Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Nonaccrual	0	1,940
Loans held for investment, net	2,951,010	2,087,969
Asset-based \| Classified [Member] \| Commercial Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Loans held for investment, net	36,732	5,003
Asset-based \| Special Mention [Member] \| Commercial Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Loans held for investment, net	7,180	9,547
Asset-based \| Pass [Member] \| Commercial Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Loans held for investment, net	2,907,098	2,073,419
Asset-based \| Performing Financing Receivable [Member] \| Commercial Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Loans held for investment, net	2,951,010	2,086,029
Venture capital \| Commercial Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Nonaccrual	625	6,291
Loans held for investment, net	2,222,097	1,537,776
Venture capital \| Classified [Member] \| Commercial Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Loans held for investment, net	171,847	75,406
Venture capital \| Special Mention [Member] \| Commercial Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Loans held for investment, net	64,577	125,320
Venture capital \| Pass [Member] \| Commercial Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Loans held for investment, net	1,985,673	1,337,050
Venture capital \| Performing Financing Receivable [Member] \| Commercial Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Loans held for investment, net	2,221,472	1,531,485
Other commercial \| Commercial Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Nonaccrual	2,510	13,544
Loans held for investment, net	3,804,099	3,153,084
Other commercial \| Classified [Member] \| Commercial Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Loans held for investment, net	12,143	19,949
Other commercial \| Special Mention [Member] \| Commercial Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Loans held for investment, net	27,689	38,741
Other commercial \| Pass [Member] \| Commercial Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Loans held for investment, net	3,764,267	3,094,394
Other commercial \| Performing Financing Receivable [Member] \| Commercial Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Loans held for investment, net	3,801,589	3,139,540
Commercial Real Estate Construction Loan Receivable [Member] \| Real Estate Construction [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Nonaccrual	0	0
Loans held for investment, net	379,387	799,131
Commercial Real Estate Construction Loan Receivable [Member] \| Classified [Member] \| Real Estate Construction [Member]
Financing Receivable, Past Due [Line Items]
Loans held for investment, net	52,828	0
Commercial Real Estate Construction Loan Receivable [Member] \| Special Mention [Member] \| Real Estate Construction [Member]
Financing Receivable, Past Due [Line Items]
Loans held for investment, net	0	148,024
Commercial Real Estate Construction Loan Receivable [Member] \| Pass [Member] \| Real Estate Construction [Member]
Financing Receivable, Past Due [Line Items]
Loans held for investment, net	326,559	651,107
Commercial Real Estate Construction Loan Receivable [Member] \| Performing Financing Receivable [Member] \| Real Estate Construction [Member]
Financing Receivable, Past Due [Line Items]
Loans held for investment, net	379,387	799,131
Residential Real Estate Construction Financing Receivable [Member] \| Real Estate Construction [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Nonaccrual	0	0
Loans held for investment, net	1,568,240	2,373,162
Residential Real Estate Construction Financing Receivable [Member] \| Classified [Member] \| Real Estate Construction [Member]
Financing Receivable, Past Due [Line Items]
Loans held for investment, net	2,982	0
Residential Real Estate Construction Financing Receivable [Member] \| Special Mention [Member] \| Real Estate Construction [Member]
Financing Receivable, Past Due [Line Items]
Loans held for investment, net	10,714	203,220
Residential Real Estate Construction Financing Receivable [Member] \| Pass [Member] \| Real Estate Construction [Member]
Financing Receivable, Past Due [Line Items]
Loans held for investment, net	1,554,544	2,169,942
Residential Real Estate Construction Financing Receivable [Member] \| Performing Financing Receivable [Member] \| Real Estate Construction [Member]
Financing Receivable, Past Due [Line Items]
Loans held for investment, net	1,568,240	2,373,162
Commercial Real Estate [Member] \| Mortgages [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Nonaccrual	93,334	97,655
Loans held for investment, net	4,314,637	4,578,772
Commercial Real Estate [Member] \| Classified [Member] \| Mortgages [Member]
Financing Receivable, Past Due [Line Items]
Loans held for investment, net	297,606	301,278
Commercial Real Estate [Member] \| Special Mention [Member] \| Mortgages [Member]
Financing Receivable, Past Due [Line Items]
Loans held for investment, net	126,998	348,014
Commercial Real Estate [Member] \| Pass [Member] \| Mortgages [Member]
Financing Receivable, Past Due [Line Items]
Loans held for investment, net	3,890,033	3,929,480
Commercial Real Estate [Member] \| Performing Financing Receivable [Member] \| Mortgages [Member]
Financing Receivable, Past Due [Line Items]
Loans held for investment, net	4,221,303	4,481,117
Residential Real Estate [Member] \| Mortgages [Member]
Financing Receivable, Past Due [Line Items]
Loans held for investment, net	6,089,417	6,041,713
Multi-Family Real Estate Loans \| Mortgages [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Nonaccrual	3,358	22,763
Loans held for investment, net	6,089,417	6,041,713
Multi-Family Real Estate Loans \| Classified [Member] \| Mortgages [Member]
Financing Receivable, Past Due [Line Items]
Loans held for investment, net	166,385	113,164
Multi-Family Real Estate Loans \| Special Mention [Member] \| Mortgages [Member]
Financing Receivable, Past Due [Line Items]
Loans held for investment, net	216,286	202,690
Multi-Family Real Estate Loans \| Pass [Member] \| Mortgages [Member]
Financing Receivable, Past Due [Line Items]
Loans held for investment, net	5,706,746	5,725,859
Multi-Family Real Estate Loans \| Performing Financing Receivable [Member] \| Mortgages [Member]
Financing Receivable, Past Due [Line Items]
Loans held for investment, net	6,086,059	6,018,950
Other Residential Real Estate \| Mortgages [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Nonaccrual	57,984	46,788
Loans held for investment, net	3,346,733	2,807,174
Other Residential Real Estate \| Classified [Member] \| Mortgages [Member]
Financing Receivable, Past Due [Line Items]
Loans held for investment, net	58,202	47,993
Other Residential Real Estate \| Special Mention [Member] \| Mortgages [Member]
Financing Receivable, Past Due [Line Items]
Loans held for investment, net	0	14,351
Other Residential Real Estate \| Pass [Member] \| Mortgages [Member]
Financing Receivable, Past Due [Line Items]
Loans held for investment, net	3,288,531	2,744,830
Other Residential Real Estate \| Performing Financing Receivable [Member] \| Mortgages [Member]
Financing Receivable, Past Due [Line Items]
Loans held for investment, net	$ 3,288,749	$ 2,760,386

Contractual Rental Payments (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Leases [Abstract]
Lessor, Operating Lease, Payments to be Received, Next Twelve Months	$ 32,163
Lessor, Operating Lease, Payments to be Received, Two Years	28,762
Lessor, Operating Lease, Payments to be Received, Three Years	26,849
Lessor, Operating Lease, Payments to be Received, Four Years	24,917
Lessor, Operating Lease, Payments to be Received, Five Years	18,248
Lessor, Operating Lease, Payments to be Received, Thereafter	27,737
Lessor, Operating Lease, Payments to be Received	158,676
Lessee, Operating Lease, Liability, Payments, Due Next Twelve Months	30,685
Lessee, Operating Lease, Liability, Payments, Due Year Two	24,920
Lessee, Operating Lease, Liability, Payments, Due Year Three	21,293
Lessee, Operating Lease, Liability, Payments, Due Year Four	17,593
Lessee, Operating Lease, Liability, Payments, Due Year Five	13,910
Lessee, Operating Lease, Liability, Payments, Due after Year Five	26,669
Lessee, Operating Lease, Liability, Payments, Due	135,070
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	(14,483)
Operating Lease, Liability	$ 120,587	$ 124,355

Fair Value Measurements Level 3 Private Label Residential CMOs (Details) - Level 3 - Fair Value, Recurring - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	$ 2,370	$ 2,130	$ 40,249	$ 0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	$ 240	$ 30	$ (11,501)

Borrowings and Subordinated Debentures (Tables)

12 Months Ended

Dec. 31, 2025

Debt Disclosure [Abstract]

Schedule of Debt

The following table summarizes our borrowings as of the dates indicated:


	December 31,
	2025				2024
			Weighted				Weighted
Borrowing Type	Balance		Average Rate		Balance		Average Rate
	(Dollars in thousands)
FHLB secured advances	$	1,710,185	3.90	%	$	1,100,000	3.93	%
Credit-linked notes	113,634		14.63	%	118,838		15.29	%
Other short-term borrowings	240,000		3.69	%	—		—	%
Senior notes	—		—	%	174,000		5.25	%



Total borrowings	2,063,819		4.47	%	1,392,838		5.06	%
Acquisition discount on Senior Notes	—				(1,024)
Total borrowings, net (1)	$	2,063,819			$	1,391,814

___________________

(1) All borrowings were held at the Bank level with the exception of the 5.25% Senior Notes due April 2025 ("Senior Notes"), which were issued at the holding company level.

The following table presents the interest rates and maturity dates of FHLB secured advances as of the dates indicated:


	December 31, 2025
	Balance		Rate		Maturity Date
	(Dollars in thousands)
Overnight advance	$	35,185	4.02	%	01/02/2026
Term advance	175,000		3.89	%	02/11/2026
Term advance	150,000		4.59	%	06/26/2026
Term advance	100,000		3.79	%	02/01/2027
Term advance	100,000		3.79	%	03/01/2027
Term advance	100,000		3.78	%	04/01/2027
Term advance	150,000		4.63	%	05/28/2027
Term advance	150,000		4.63	%	06/03/2027
Term advance	150,000		4.39	%	06/03/2027
Term advance	100,000		3.88	%	06/24/2027
Callable term advance	500,000		3.18	%	09/18/2034
Total FHLB secured advances	$	1,710,185	3.90	%

Borrowings Subordinated Debentures

The following table summarizes the terms of each issuance of subordinated debt outstanding as of the dates indicated:


	December 31,
	2025				2024				Issue	Maturity	Rate Index
Series	Balance		Rate (1)		Balance		Rate (1)		Date	Date	(Quarterly Reset)
	(Dollars in thousands)
Subordinated notes, net (2)(3)(4)	$	381,737	3.25	%	$	381,185	3.25	%	4/30/2021	5/1/2031	Fixed rate
Subordinated notes (5)	75,000		8.05	%	75,000		4.375	%	10/30/2020	10/30/2030	3-month Term SOFR + 4.195%
Trust V	10,310		7.07	%	10,310		7.71	%	8/15/2003	9/17/2033	3-month Term SOFR + 3.10
Trust VI	10,310		7.03	%	10,310		7.67	%	9/3/2003	9/15/2033	3-month Term SOFR + 3.05
Trust CII	5,155		6.92	%	5,155		7.56	%	9/17/2003	9/17/2033	3-month Term SOFR + 2.95
Trust VII	61,856		6.85	%	61,856		7.60	%	2/5/2004	4/23/2034	3-month Term SOFR + 2.75
Trust CIII	20,619		5.67	%	20,619		6.31	%	8/15/2005	9/15/2035	3-month Term SOFR + 1.69
Trust FCCI	16,495		5.58	%	16,495		6.22	%	1/25/2007	3/15/2037	3-month Term SOFR + 1.60
Trust FCBI	10,310		5.53	%	10,310		6.17	%	9/30/2005	12/15/2035	3-month Term SOFR + 1.55
Trust CS 2005-1	82,475		5.93	%	82,475		6.57	%	11/21/2005	12/15/2035	3-month Term SOFR + 1.95
Trust CS 2005-2	128,866		6.05	%	128,866		6.80	%	12/14/2005	1/30/2036	3-month Term SOFR + 1.95
Trust CS 2006-1	51,545		9.20	%	51,545		9.95	%	2/22/2006	4/30/2036	Prime + 1.95
Trust CS 2006-2	51,550		6.05	%	51,550		6.80	%	9/27/2006	10/30/2036	3-month Term SOFR + 1.95
Trust CS 2006-3 (6)	30,275		4.12	%	26,687		5.10	%	9/29/2006	10/30/2036	3-month EURIBOR + 2.05
Trust CS 2006-4	16,470		9.20	%	16,470		9.95	%	12/5/2006	1/30/2037	Prime + 1.95
Trust CS 2006-5	6,650		6.05	%	6,650		6.80	%	12/19/2006	1/30/2037	3-month Term SOFR + 1.95
Trust CS 2007-2	39,177		6.05	%	39,177		6.80	%	6/13/2007	7/30/2037	3-month Term SOFR + 1.95
PMB Statutory Trust III	7,217		7.35	%	7,217		7.99	%	9/16/2002	9/26/2032	3-month Term SOFR + 3.40
PMB Capital Trust III	10,310		6.15	%	10,310		6.89	%	10/4/2004	10/8/2034	3-month Term SOFR + 2.00
Total subordinated debt	1,016,327		5.35	%	1,012,187		5.48	%
Acquisition discount (7)	(63,587)				(70,264)
Total subordinated debt, net	$	952,740			$	941,923

___________________

(1) Rates do not include the effects of discounts and issuance costs.

(2) Net of unamortized issuance costs of $3.3 million at December 31, 2025 and $3.8 million at December 31, 2024.

(3) Interest rate is fixed until May 1, 2026, when it changes to a floating rate and resets quarterly equal to 3-month Term SOFR, plus a spread of 252 basis points.

(4) Subordinated notes, net issued at the Bank level rather than the holding company level.

(5) Interest rate was fixed at 4.375% until October 30, 2025, when it changed to a floating rate equal to 3-month Term SOFR, plus a spread of 419.5 basis points.

(6) Denomination is in Euros with a value of €25.8 million.

(7) Amount represents the fair value adjustment on subordinated debt assumed in acquisitions.

Loans and Leases

12 Months Ended

Dec. 31, 2025

Receivables [Abstract]

NOTE 5. LOANS AND LEASES

Our loans are carried at the principal amount outstanding, net of deferred fees and costs, and in the case of acquired and purchased loans, net of purchase discounts and premiums. Deferred fees and costs and purchase discounts and premiums on acquired loans are recognized as an adjustment to interest income over the contractual life of the loans primarily using the effective interest method or taken into income when the related loans are paid off or included in the carrying amount of loans that are sold.

Loans and Leases Held for Investment

The following table summarizes the composition of our loans and leases HFI as of the dates indicated:


	December 31,
	2025		2024
	(In thousands)
Real estate mortgage	$	13,846,097	$	13,605,595
Real estate construction and land (1)	1,959,591		3,187,146
Commercial	8,994,466		6,788,923
Consumer	355,333		402,254
Total gross loans and leases HFI	25,155,487		23,983,918
Unearned discounts, net (2)	(86,061)		(175,713)
Deferred fees, net	(36,747)		(26,542)
Total loans and leases HFI	25,032,679		23,781,663
Allowance for loan and lease losses	(245,612)		(239,360)
Total loans and leases held for investment, net (3)	$	24,787,067	$	23,542,303

____________________

(1) Includes land and acquisition and development loans of $214.5 million and $223.9 million at December 31, 2025 and 2024.

(2) Represents net acquisition discounts of $158.5 million and net purchase premiums of $72.4 million at December 31, 2025, and net acquisition discounts of $235.2 million and purchase premiums of $59.5 million at December 31, 2024.

(3) Excludes accrued interest receivable of $104.3 million and $96.8 million at December 31, 2025 and 2024, which is recorded in "Other assets" on the consolidated balance sheets.

The following tables present an aging analysis of our loans and leases HFI by loan portfolio segment and class as of the dates indicated:


	December 31, 2025
	30 - 89		90 or More
	Days		Days		Total
	Past Due		Past Due		Past Due		Current		Total
	(In thousands)
Real estate mortgage:
Commercial	$	10,498	$	46,506	$	57,004	$	4,257,633	$	4,314,637
Multi-family	32,887		2,536		35,423		6,053,994		6,089,417
Other residential	34,319		42,780		77,099		3,269,634		3,346,733
Total real estate mortgage	77,704		91,822		169,526		13,581,261		13,750,787
Real estate construction and land:
Commercial	—		—		—		379,387		379,387
Residential	26,540		—		26,540		1,541,700		1,568,240
Total real estate construction and land	26,540		—		26,540		1,921,087		1,947,627
Commercial:
Asset-based	1,142		—		1,142		2,949,868		2,951,010
Venture capital	—		—		—		2,222,097		2,222,097
Other commercial	984		104		1,088		3,803,011		3,804,099
Total commercial	2,126		104		2,230		8,974,976		8,977,206
Consumer	1,933		729		2,662		354,397		357,059
Total	$	108,303	$	92,655	$	200,958	$	24,831,721	$	25,032,679


	December 31, 2024
	30 - 89		90 or More
	Days		Days		Total
	Past Due		Past Due		Past Due		Current		Total
	(In thousands)
Real estate mortgage:
Commercial	$	27,700	$	22,561	$	50,261	$	4,528,511	$	4,578,772
Multi-family	10,346		21,860		32,206		6,009,507		6,041,713
Other residential	39,873		36,976		76,849		2,730,325		2,807,174
Total real estate mortgage	77,919		81,397		159,316		13,268,343		13,427,659
Real estate construction and land:
Commercial	—		—		—		799,131		799,131
Residential	—		—		—		2,373,162		2,373,162
Total real estate construction and land	—		—		—		3,172,293		3,172,293
Commercial:
Asset-based	1,795		—		1,795		2,086,174		2,087,969
Venture capital	5,534		—		5,534		1,532,242		1,537,776
Other commercial	3,295		6,956		10,251		3,142,833		3,153,084
Total commercial	10,624		6,956		17,580		6,761,249		6,778,829
Consumer	2,804		493		3,297		399,585		402,882
Total	$	91,347	$	88,846	$	180,193	$	23,601,470	$	23,781,663

The following table presents our nonaccrual and performing loans and leases HFI by loan portfolio segment and class as of the dates indicated:


	December 31,
	2025						2024
	Nonaccrual		Performing		Total		Nonaccrual		Performing		Total
	(In thousands)
Real estate mortgage:
Commercial	$	93,334	$	4,221,303	$	4,314,637	$	97,655	$	4,481,117	$	4,578,772
Multi-family	3,358		6,086,059		6,089,417		22,763		6,018,950		6,041,713
Other residential	57,984		3,288,749		3,346,733		46,788		2,760,386		2,807,174
Total real estate mortgage	154,676		13,596,111		13,750,787		167,206		13,260,453		13,427,659
Real estate construction and land:
Commercial	—		379,387		379,387		—		799,131		799,131
Residential	—		1,568,240		1,568,240		—		2,373,162		2,373,162
Total real estate construction and land	—		1,947,627		1,947,627		—		3,172,293		3,172,293
Commercial:
Asset-based	—		2,951,010		2,951,010		1,940		2,086,029		2,087,969
Venture capital	625		2,221,472		2,222,097		6,291		1,531,485		1,537,776
Other commercial	2,510		3,801,589		3,804,099		13,544		3,139,540		3,153,084
Total commercial	3,135		8,974,071		8,977,206		21,775		6,757,054		6,778,829
Consumer	1,357		355,702		357,059		624		402,258		402,882
Total	$	159,168	$	24,873,511	$	25,032,679	$	189,605	$	23,592,058	$	23,781,663

At December 31, 2025, nonaccrual loans and leases included $92.7 million of loans and leases 90 or more days past due, $15.3 million of loans 30 to 89 days past due and $51.2 million of current loans that were placed on nonaccrual status based on management’s judgment regarding their collectability. At December 31, 2024, nonaccrual loans and leases included $88.8 million of loans and leases 90 or more days past due, $40.6 million of loans 30 to 89 days past due and $60.2 million of current loans that were placed on nonaccrual status based on management’s judgment regarding their collectability.

As of December 31, 2025, our three largest loan relationships on nonaccrual status had an aggregate carrying value of $43.5 million and represented 27% of total nonaccrual loans and leases.

The following tables present the credit risk rating categories for loans and leases HFI by loan portfolio segment and class as of the dates indicated. Classified loans and leases are those with a credit risk rating of either substandard or doubtful.


	December 31, 2025
	Classified		Special Mention		Pass		Total
	(In thousands)
Real estate mortgage:
Commercial	$	297,606	$	126,998	$	3,890,033	$	4,314,637
Multi-family	166,385		216,286		5,706,746		6,089,417
Other residential	58,202		—		3,288,531		3,346,733
Total real estate mortgage	522,193		343,284		12,885,310		13,750,787
Real estate construction and land:
Commercial	52,828		—		326,559		379,387
Residential	2,982		10,714		1,554,544		1,568,240
Total real estate construction and land	55,810		10,714		1,881,103		1,947,627
Commercial:
Asset-based	36,732		7,180		2,907,098		2,951,010
Venture capital	171,847		64,577		1,985,673		2,222,097
Other commercial	12,143		27,689		3,764,267		3,804,099
Total commercial	220,722		99,446		8,657,038		8,977,206
Consumer	1,605		5,239		350,215		357,059
Total	$	800,330	$	458,683	$	23,773,666	$	25,032,679


	December 31, 2024
	Classified		Special Mention		Pass		Total
	(In thousands)
Real estate mortgage:
Commercial	$	301,278	$	348,014	$	3,929,480	$	4,578,772
Multi-family	113,164		202,690		5,725,859		6,041,713
Other residential	47,993		14,351		2,744,830		2,807,174
Total real estate mortgage	462,435		565,055		12,400,169		13,427,659
Real estate construction and land:
Commercial	—		148,024		651,107		799,131
Residential	—		203,220		2,169,942		2,373,162
Total real estate construction and land	—		351,244		2,821,049		3,172,293
Commercial:
Asset-based	5,003		9,547		2,073,419		2,087,969
Venture capital	75,406		125,320		1,337,050		1,537,776
Other commercial	19,949		38,741		3,094,394		3,153,084
Total commercial	100,358		173,608		6,504,863		6,778,829
Consumer	709		7,408		394,765		402,882
Total	$	563,502	$	1,097,315	$	22,120,846	$	23,781,663

The following table presents our nonaccrual loans and leases by loan portfolio segment and class and by with and without an allowance recorded as of the date indicated and interest income recognized on nonaccrual loans and leases for the year indicated:


	At and For the Year Ended
	December 31, 2025				December 31, 2024
	Nonaccrual		Interest		Nonaccrual		Interest
	Recorded		Income		Recorded		Income
	Investment		Recognized		Investment		Recognized
	(In thousands)
With An Allowance Recorded:
Real estate mortgage:
Commercial	$	26,594	$	—	$	9,864	$	—
Multi-family	—		—		—		—
Other residential	153		—		223		—



Commercial:

Venture capital	—		—		757		—
Other commercial	1,264		—		8,885		—
Consumer	1,358		—		624		—
With No Related Allowance Recorded:
Real estate mortgage:
Commercial	$	66,740	$	64	$	87,791	$	13
Multi-family	3,358		—		22,763		—
Other residential	57,831		—		46,565		—



Commercial:
Asset based	—		—		1,940		—
Venture capital	625		—		5,534		—
Other commercial	1,246		1,179		4,659		—
Consumer	(1)		—		—		—
Total Loans and Leases With and
Without an Allowance Recorded:
Real estate mortgage	$	154,676	$	64	$	167,206	$	13
Real estate construction and land	—		—		—		—
Commercial	3,135		1,179		21,775		—
Consumer	1,357		—		624		—
Total	$	159,168	$	1,243	$	189,605	$	13

The following tables present our loans HFI by loan portfolio segment and class, by credit quality indicator (internal risk ratings), and by year of origination (vintage year) as of the date indicated:


															Revolving
															Converted
Amortized Cost Basis	Term Loans by Origination Year												Revolving		to Term
December 31, 2025	2025		2024		2023		2022		2021		Prior		Loans		Loans		Total
	(In thousands)
Real Estate Mortgage:
Commercial
Internal risk rating:
1-2 High pass	$	14,708	$	3,470	$	2,787	$	23,377	$	33,027	$	77,427	$	—	$	—	$	154,796
3-4.5 Pass	430,807		181,597		121,685		781,194		608,067		1,544,708		61,764		5,415		3,735,237
5 Special mention	—		—		—		23,072		43,724		37,155		—		23,047		126,998
6-8 Classified	—		23,880		27,514		57,759		53,699		134,754		—		—		297,606
Total	$	445,515	$	208,947	$	151,986	$	885,402	$	738,517	$	1,794,044	$	61,764	$	28,462	$	4,314,637
Current YTD period:
Gross charge-offs	$	—	$	—	$	51	$	2,416	$	613	$	16,650	$	—	$	—	$	19,730

Real Estate Mortgage:
Multi-Family
Internal risk rating:
1-2 High pass	$	—	$	—	$	—	$	53,190	$	175,257	$	155,222	$	—	$	—	$	383,669
3-4.5 Pass	429,017		131,377		54,475		2,126,937		1,120,759		1,459,061		1,451		—		5,323,077
5 Special mention	10,472		28,948		5,412		97,980		28,727		44,747		—		—		216,286
6-8 Classified	—		19,989		—		64,972		28,372		53,052		—		—		166,385
Total	$	439,489	$	180,314	$	59,887	$	2,343,079	$	1,353,115	$	1,712,082	$	1,451	$	—	$	6,089,417
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	3,275	$	—	$	—	$	3,275

Real Estate Mortgage:
Other Residential
Internal risk rating:
1-2 High pass	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
3-4.5 Pass	752,817		40,271		22,332		263,745		2,015,936		91,935		101,495		—		3,288,531
5 Special mention	—		—		—		—		—		—		—		—		—
6-8 Classified	1,122		—		543		28,599		26,712		228		998		—		58,202
Total	$	753,939	$	40,271	$	22,875	$	292,344	$	2,042,648	$	92,163	$	102,493	$	—	$	3,346,733
Current YTD period:
Gross charge-offs	$	—	$	—	$	145	$	2,624	$	733	$	—	$	—	$	—	$	3,502


															Revolving
															Converted
Amortized Cost Basis	Term Loans by Origination Year												Revolving		to Term
December 31, 2025	2025		2024		2023		2022		2021		Prior		Loans		Loans		Total
	(In thousands)
Real Estate Construction
and Land: Commercial
Internal risk rating:
1-2 High pass	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
3-4.5 Pass	123,586		51,969		64,663		44,365		40,315		1,661		—		—		326,559
5 Special mention	—		—		—		—		—		—		—		—		—
6-8 Classified	—		—		—		52,828		—		—		—		—		52,828
Total	$	123,586	$	51,969	$	64,663	$	97,193	$	40,315	$	1,661	$	—	$	—	$	379,387
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	20,196	$	1,340	$	—	$	—	$	—	$	21,536
Real Estate Construction
and Land: Residential
Internal risk rating:
1-2 High pass	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
3-4.5 Pass	100,284		189,207		196,046		705,647		188,284		80,625		94,451		—		1,554,544
5 Special mention	—		—		—		4,308		6,406		—		—		—		10,714
6-8 Classified	—		—		—		—		2,982		—		—		—		2,982
Total	$	100,284	$	189,207	$	196,046	$	709,955	$	197,672	$	80,625	$	94,451	$	—	$	1,568,240
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial: Asset-Based
Internal risk rating:
1-2 High pass	$	41,364	$	29,359	$	23,020	$	122,112	$	185,978	$	197,800	$	204,041	$	—	$	803,674
3-4.5 Pass	355,855		40,478		77,608		144,338		72,205		8,625		1,404,315		—		2,103,424
5 Special mention	—		—		—		—		—		—		7,180		—		7,180
6-8 Classified	5,650		—		194		5,564		—		—		25,324		—		36,732
Total	$	402,869	$	69,837	$	100,822	$	272,014	$	258,183	$	206,425	$	1,640,860	$	—	$	2,951,010
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


															Revolving
															Converted
Amortized Cost Basis (1)	Term Loans by Origination Year												Revolving		to Term
December 31, 2025	2025		2024		2023		2022		2021		Prior		Loans		Loans		Total
	(In thousands)
Commercial: Venture Capital
Internal risk rating:
1-2 High pass	$	(279)	$	(75)	$	(67)	$	—	$	—	$	—	$	138,159	$	22,167	$	159,905
3-4.5 Pass	113,608		93,269		60,589		25,483		47,321		16,979		1,437,845		30,674		1,825,768
5 Special mention	19,964		(4)		21,986		—		—		—		22,044		587		64,577
6-8 Classified	625		33,631		33,431		46,535		12,484		—		45,141		—		171,847
Total	$	133,918	$	126,821	$	115,939	$	72,018	$	59,805	$	16,979	$	1,643,189	$	53,428	$	2,222,097
Current YTD period:
Gross charge-offs	$	993	$	—	$	—	$	—	$	5,257	$	—	$	—	$	—	$	6,250
Commercial: Other Commercial
Internal risk rating:
1-2 High pass	$	2,929	$	903	$	172	$	20,124	$	611	$	(61)	$	53,892	$	(1)	$	78,569
3-4.5 Pass	226,226		51,373		61,827		44,555		167,436		135,630		2,969,078		29,573		3,685,698
5 Special mention	—		—		9,022		5,062		779		85		12,147		594		27,689
6-8 Classified	—		2,447		—		2,918		44		1,271		4,414		1,049		12,143
Total	$	229,155	$	54,723	$	71,021	$	72,659	$	168,870	$	136,925	$	3,039,531	$	31,215	$	3,804,099
Current YTD period:
Gross charge-offs	$	—	$	—	$	1,393	$	727	$	228	$	2,039	$	11,596	$	744	$	16,727

Consumer
Internal risk rating:
1-2 High pass	$	66	$	—	$	—	$	14	$	7	$	—	$	489	$	—	$	576
3-4.5 Pass	28,736		24,251		13,618		51,008		149,047		79,026		3,809		144		349,639
5 Special mention	—		—		—		1,029		2,964		1,246		—		—		5,239
6-8 Classified	—		—		—		151		349		853		—		252		1,605
Total	$	28,802	$	24,251	$	13,618	$	52,202	$	152,367	$	81,125	$	4,298	$	396	$	357,059
Current YTD period:
Gross charge-offs	$	—	$	—	$	92	$	1,104	$	1,892	$	1,395	$	1	$	1	$	4,485

Total Loans and Leases
Internal risk rating:
1-2 High pass	$	58,788	$	33,657	$	25,912	$	218,817	$	394,880	$	430,388	$	396,581	$	22,166	$	1,581,189
3-4.5 Pass	2,560,936		803,792		672,843		4,187,272		4,409,370		3,418,250		6,074,208		65,806		22,192,477
5 Special mention	30,436		28,944		36,420		131,451		82,600		83,233		41,371		24,228		458,683
6-8 Classified	7,397		79,947		61,682		259,326		124,642		190,158		75,877		1,301		800,330
Total	$	2,657,557	$	946,340	$	796,857	$	4,796,866	$	5,011,492	$	4,122,029	$	6,588,037	$	113,501	$	25,032,679
Current YTD period:
Gross charge-offs	$	993	$	—	$	1,681	$	27,067	$	10,063	$	23,359	$	11,597	$	745	$	75,505

____________________

(1) Amounts with negative balances are loans with zero principal balances and deferred loan origination fees.


															Revolving
															Converted
Amortized Cost Basis (1)	Term Loans by Origination Year												Revolving		to Term
December 31, 2024	2024		2023		2022		2021		2020		Prior		Loans		Loans		Total
	(In thousands)
Real Estate Mortgage:
Commercial
Internal risk rating:
1-3 High pass	$	1,694	$	—	$	26,166	$	22,821	$	8,089	$	78,588	$	1	$	—	$	137,359
4-6 Pass	232,808		132,389		800,877		682,806		450,822		1,407,314		56,481		28,624		3,792,121
7 Special mention	—		23,844		123,589		24,364		—		176,217		—		—		348,014
8-9 Classified	13,587		1,765		27,579		68,488		20,853		169,006		—		—		301,278
Total	$	248,089	$	157,998	$	978,211	$	798,479	$	479,764	$	1,831,125	$	56,482	$	28,624	$	4,578,772
Current YTD period:
Gross charge-offs	$	—	$	—	$	175	$	12,217	$	9,714	$	1,481	$	—	$	—	$	23,587

Real Estate Mortgage:
Multi-Family
Internal risk rating:
1-3 High pass	$	—	$	—	$	55,847	$	214,583	$	62,942	$	129,163	$	—	$	—	$	462,535
4-6 Pass	223,333		60,137		2,037,864		1,154,452		451,602		1,324,816		11,120		—		5,263,324
7 Special mention	—		—		112,963		35,065		—		40,262		—		14,400		202,690
8-9 Classified	—		—		40,018		33,877		4,751		34,518		—		—		113,164
Total	$	223,333	$	60,137	$	2,246,692	$	1,437,977	$	519,295	$	1,528,759	$	11,120	$	14,400	$	6,041,713
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Real Estate Mortgage:
Other Residential
Internal risk rating:
1-3 High pass	$	—	$	—	$	—	$	—	$	—	$	—	$	3,510	$	—	$	3,510
4-6 Pass	(562)		31,318		336,719		2,235,006		53,094		43,510		42,158		77		2,741,320
7 Special mention	—		310		8,121		5,644		—		276		—		—		14,351
8-9 Classified	—		3,571		25,616		17,189		—		1,448		169		—		47,993
Total	$	(562)	$	35,199	$	370,456	$	2,257,839	$	53,094	$	45,234	$	45,837	$	77	$	2,807,174
Current YTD period:
Gross charge-offs	$	—	$	3,445	$	29,099	$	6,394	$	350	$	67	$	175	$	—	$	39,530

____________________

(1) Amounts with negative balances are loans with zero principal balances and deferred loan origination fees.


															Revolving
															Converted
Amortized Cost Basis	Term Loans by Origination Year												Revolving		to Term
December 31, 2024	2024		2023		2022		2021		2020		Prior		Loans		Loans		Total
	(In thousands)
Real Estate Construction
and Land: Commercial
Internal risk rating:
1-3 High pass	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
4-6 Pass	29,674		47,183		404,732		115,729		45,576		8,213		—		—		651,107
7 Special mention	10,501		—		—		111,933		—		—		25,590		—		148,024
8-9 Classified	—		—		—		—		—		—		—		—		—
Total	$	40,175	$	47,183	$	404,732	$	227,662	$	45,576	$	8,213	$	25,590	$	—	$	799,131
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Real Estate Construction
and Land: Residential
Internal risk rating:
1-3 High pass	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
4-6 Pass	97,488		194,405		1,113,955		436,335		224,511		—		103,248		—		2,169,942
7 Special mention	—		—		143,136		60,084		—		—		—		—		203,220
8-9 Classified	—		—		—		—		—		—		—		—		—
Total	$	97,488	$	194,405	$	1,257,091	$	496,419	$	224,511	$	—	$	103,248	$	—	$	2,373,162
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial: Asset-Based
Internal risk rating:
1-3 High pass	$	39,542	$	37,081	$	163,918	$	222,942	$	15,730	$	251,167	$	195,994	$	—	$	926,374
4-6 Pass	100,098		88,514		180,433		68,372		9,653		34,331		618,036		47,608		1,147,045
7 Special mention	—		194		5,569		—		—		—		3,784		—		9,547
8-9 Classified	—		—		—		—		—		—		5,003		—		5,003
Total	$	139,640	$	125,789	$	349,920	$	291,314	$	25,383	$	285,498	$	822,817	$	47,608	$	2,087,969
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	92	$	—	$	—	$	—	$	92


															Revolving
															Converted
Amortized Cost Basis (1)	Term Loans by Origination Year												Revolving		to Term
December 31, 2024	2024		2023		2022		2021		2020		Prior		Loans		Loans		Total
	(In thousands)
Commercial: Venture Capital
Internal risk rating:
1-3 High pass	$	(92)	$	(100)	$	—	$	414	$	2,101	$	—	$	72,745	$	23,426	$	98,494
4-6 Pass	100,854		104,022		79,659		76,224		3,784		17,749		777,199		79,065		1,238,556
7 Special mention	1,396		56,973		(1)		29,973		—		—		36,979		—		125,320
8-9 Classified	14,895		—		12,821		20,182		—		—		27,508		—		75,406
Total	$	117,053	$	160,895	$	92,479	$	126,793	$	5,885	$	17,749	$	914,431	$	102,491	$	1,537,776
Current YTD period:
Gross charge-offs	$	—	$	2,272	$	—	$	14,000	$	—	$	2	$	140	$	—	$	16,414
Commercial: Other Commercial
Internal risk rating:
1-3 High pass	$	685	$	241	$	20,873	$	3,360	$	10	$	(83)	$	73,596	$	—	$	98,682
4-6 Pass	66,097		98,878		117,846		199,252		39,244		160,030		2,252,507		61,858		2,995,712
7 Special mention	6,462		8,912		2,880		144		—		127		20,073		143		38,741
8-9 Classified	—		1,397		1,243		2,365		—		5,836		8,234		874		19,949
Total	$	73,244	$	109,428	$	142,842	$	205,121	$	39,254	$	165,910	$	2,354,410	$	62,875	$	3,153,084
Current YTD period:
Gross charge-offs	$	—	$	—	$	1,144	$	500	$	1,696	$	3,159	$	2,712	$	605	$	9,816

Consumer
Internal risk rating:
1-3 High pass	$	—	$	—	$	20	$	15	$	1	$	—	$	932	$	—	$	968
4-6 Pass	31,034		19,181		59,594		176,189		18,658		82,678		6,231		232		393,797
7 Special mention	—		—		1,327		4,179		142		1,760		—		—		7,408
8-9 Classified	—		—		32		283		34		350		—		10		709
Total	$	31,034	$	19,181	$	60,973	$	180,666	$	18,835	$	84,788	$	7,163	$	242	$	402,882
Current YTD period:
Gross charge-offs	$	—	$	198	$	790	$	2,733	$	352	$	1,427	$	4	$	—	$	5,504

Total Loans and Leases
Internal risk rating:
1-3 High pass	$	41,829	$	37,222	$	266,824	$	464,135	$	88,873	$	458,835	$	346,778	$	23,426	$	1,727,922
4-6 Pass	880,824		776,027		5,131,679		5,144,365		1,296,944		3,078,641		3,866,980		217,464		20,392,924
7 Special mention	18,359		90,233		397,584		271,386		142		218,642		86,426		14,543		1,097,315
8-9 Classified	28,482		6,733		107,309		142,384		25,638		211,158		40,914		884		563,502
Total	$	969,494	$	910,215	$	5,903,396	$	6,022,270	$	1,411,597	$	3,967,276	$	4,341,098	$	256,317	$	23,781,663
Current YTD period:
Gross charge-offs	$	—	$	5,915	$	31,208	$	35,844	$	12,204	$	6,136	$	3,031	$	605	$	94,943

______________________

(1) Amounts with negative balances are loans with zero principal balances and deferred loan origination fees.

Loan Modifications

The following table presents our loan modifications to our HFI loans and leases granted to borrowers experiencing financial difficulty by type of modification for the year indicated with balances as of the dates indicated:


	Amortized Cost Basis at December 31, 2025
											Term Extension,
							Term Extension		Term Extension		Payment Delay,				% of
					Interest		and		and Interest		and Interest				Total
	Term Extension		Payment Delay		Rate Reduction		Payment Delays		Rate Reduction		Rate Reduction		Total		Loans
	(Dollars in thousands)
Real estate mortgage:
Commercial	$	108,639	$	4,484	$	5,803	$	—	$	—	$	—	$	118,926	2.8	%
Multi-family	48,641		—		—		—		—		—		48,641		0.8	%
Other residential	1,455		2,197		—		—		—		—		3,652		0.1	%

Real estate construction and land:
Residential	2,982		—		—		—		—		—		2,982		0.2	%
Commercial:
Asset-based	30,974		—		—		—		—		—		30,974		1.0	%
Venture capital	45,697		—		—		25,076		—		—		70,773		3.2	%
Other commercial	747		—		—		—		614		126		1,487		—	%
Consumer	252		—		—		—		—		—		252		0.1	%
Total	$	239,387	$	6,681	$	5,803	$	25,076	$	614	$	126	$	277,687


	Amortized Cost Basis at December 31, 2024
					Term Extension		Term Extension				% of
					and		and Interest				Total
	Term Extension		Payment Delay		Payment Delays		Rate Reduction		Total		Loans
	(Dollars in thousands)
Real estate mortgage:
Commercial	$	125,027	$	45,957	$	13,899	$	13,587	$	198,470	4.3	%

Other residential	4,218		—		—		—		4,218		0.2	%





Commercial:
Asset-based	1,940		—		—		—		1,940		0.1	%
Venture capital	5,722		758		12,064		—		18,544		1.2	%
Other commercial	3,428		—		36		—		3,464		0.1	%
Consumer	9		—		—		—		9		—	%
Total	$	140,344	$	46,715	$	25,999	$	13,587	$	226,645





	Amortized Cost Basis at December 31, 2023
								Term Extension		Term Extension						% of
								and		and Interest						Total
	Term Extension		Payment Delay			Payment Delays	Rate Reduction					Total	Loans
	(Dollars in thousands)
Real estate mortgage:


Other residential	$	9,068		$	—			$	—	$	—			$	9,068		0.2	%



Commercial:

Venture capital	—			—				324		—				324			—	%
Other commercial	4,410			37				—		5				4,452			0.2	%
Consumer	14			—				—		2				16			—	%
Total	$	13,492		$	37			$	324	$	7			$	13,860

The following tables present the financial effect of our loan modifications made to borrowers experiencing financial difficulty by type of modification for the year indicated:


	Weighted Average for the Year Ended December 31, 2025
			Interest	Interest
	Term Extension	Payment Delay	Rate Reduction	Rate Reduction
	(in months)	(in months)	(in months)	(in % points)
Real estate mortgage:
Commercial	16	4	17	3.22%
Multi-family	15	—	—	—
Other residential	15	3	—	—
Real estate construction and land:

Residential	12	—	—	—
Commercial:
Asset-based	34	—	—	—
Venture capital	9	—	—	—
Other commercial	46	—	—	—
Consumer	12	—	—	—


	Weighted Average for the Year Ended December 31, 2024
			Combination -
			Principal Forgiveness
	Term Extension	Payment Delay	and Term Extension
	(in months)	(in months)	(in months)	(In millions)
Real estate mortgage:
Commercial	13	24	36	$	4.0

Other residential	84	—	—	—



Commercial:
Asset-based	7	—	—	—
Venture capital	36	3	—	—
Other commercial	13	—	—	—
Consumer	12	—	—	—


	Weighted Average for the Year Ended December 31, 2023
			Combination -
				Term Extension
	Term Extension	Payment Delay		and Payment Delay
	(in months)	(in months)		(in months)
Real estate mortgage:


Other residential	7	—		—



Commercial:

Venture capital	—	—		18
Other commercial	19	18		—
Consumer	12	—		—

The following outlines the weighted average financial effects of our combination loan modifications for borrowers experiencing financial difficulties.

Combination - term extension and payment delays. Regarding the combination of both term extensions and payment delays, venture capital loans for the year ending December 31, 2025, saw the weighted average maturity extended by 13 months and payment delays granted of six months. In 2024, the commercial segment experienced a weighted average maturity extension of 60 months and payment deferrals lasting 8 months, while venture capital loans received weighted average maturity extensions and deferrals of 3 months each. Other commercial loans in 2024 were extended by 120 months, with payment delays of 4 months. For the year ended 2023, the venture capital loans had both weighted average maturity and payment deferral periods of 18 months.

Combination - term extension and interest rate reduction. Loan modifications that included a combination of both term extensions and interest rate reductions for the year ending December 31, 2025, other commercial loans weighted averaged maturity extended 60 months and interest rate decreased by 1.9%. In 2023, other commercial loans maturity extended by 36 months and interest rates decreased by 4.3%. Consumer loans during the same period experienced maturity extensions of 24 months, and interest rates decreased by 7.5%.

Combination - term extension and principal forgiveness. As for term extensions paired with principal forgiveness, in 2024, commercial loans saw weighted average maturity extended by 36 months and principal forgiveness totaling $4 million.

Combination - term extension, payment delay, and interest rate reduction. Regarding the combination of term extensions, payment delays, and interest rate reductions, the weighted average financial effect in 2025 for other commercial loans included a 60 months maturity extension, a reduced rate of 5.75%, and payment deferrals of 3 months.

The following tables present the payment status of loans that were modified during the preceding 12-month period with related amortized cost balances as of the dates indicated:


	Payment Status (Amortized Cost Basis) at December 31, 2025
			30-89 Days		90 or More Days
	Current		Past Due		Past Due		Total
	(In thousands)
Real estate mortgage:
Commercial	$	116,929	$	1,997	$	—	$	118,926
Multi-family	48,641		—		—		48,641
Other residential	1,455		—		2,197		3,652
Real estate construction and land:

Residential	2,982		—		—		2,982
Commercial:
Asset-based	30,974		—		—		30,974
Venture capital	70,773		—		—		70,773
Other commercial	1,418		69		—		1,487
Consumer	252		—		—		252
Total	$	273,424	$	2,066	$	2,197	$	277,687


	Payment Status (Amortized Cost Basis) at December 31, 2024
			30-89 Days		90 or More Days
	Current		Past Due		Past Due		Total
	(In thousands)
Real estate mortgage:
Commercial	$	188,799	$	9,671	$	—	$	198,470

Other residential	679		—		3,539		4,218



Commercial:
Asset-based	1,940		—		—		1,940
Venture capital	18,544		—		—		18,544
Other commercial	3,464		—		—		3,464
Consumer	9		—		—		9
Total	$	213,435	$	9,671	$	3,539	$	226,645

The following tables present information on loans that defaulted during the years indicated, which had been modified during the preceding 12-month period, with related amortized cost balances as of the date indicated:


	Loan Modifications That Subsequently Defaulted Year Ended December 31, 2025
	Amortized Cost Basis at December 31, 2025
					Combination
	Term		Payment		Term Extension
	Extension		Delay		and Rate Reduction		Total
	(In thousands)
Real estate mortgage:

Multi-family	$	9,132	$	—	$	—	$	9,132
Other residential	—		2,197		—		2,197



Commercial:


Other commercial	74		—		68		142

Total	$	9,206	$	2,197	$	68	$	11,471


	Loan Modifications That Subsequently Defaulted Year Ended December 31, 2024
	Amortized Cost Basis at December 31, 2024
			Combination
	Term		Term Extension
	Extension		and Payment Delay		Total
	(In thousands)
Real estate mortgage:
Commercial	$	9,671	$	13,899	$	23,570

Other residential	3,539		—		3,539








Total	$	13,210	$	13,899	$	27,109

For the year ended December 31, 2023, other residential loans with an amortized cost basis totaling $735 thousand defaulted within 12 months of their term extensions.

Leases Receivable

We provide equipment financing to our customers primarily with operating and direct financing leases. For direct financing leases, lease receivables are recorded on the balance sheet, but the leased equipment is not, although we generally retain legal title to the leased equipment until the end of each lease. Direct financing leases are stated at the net amount of minimum lease payments receivable, plus any unguaranteed residual value, less the amount of unearned income and net acquisition discount at the reporting date. Direct lease origination costs are amortized using the effective interest method over the life of the leases. Direct financing leases are subject to our accounting for ALLL. See "Note 9. Leases" for information regarding operating leases where we are the lessor.

The following table provides the components of leases receivable income for the period indicated:


	Year Ended December 31,
	2025		2024		2023
	(In thousands)
Component of leases receivable income:
Interest income on net investments in leases	$	14,534	$	18,714	$	16,671

The following table presents the components of leases receivable as of the date indicated:


	December 31,
	2025		2024
	(In thousands)
Net Investment in Direct Financing Leases:
Lease payments receivable	$	151,719	$	202,815
Unguaranteed residual assets	19,921		22,489
Deferred costs and other	1,793		1,955
Aggregate net investment in leases	$	173,433	$	227,259

The following table presents maturities of leases receivable as of the date indicated:


	December 31, 2025
	(In thousands)
Year Ending December 31,
2026	$	59,303
2027	45,389
2028	32,192
2029	25,182
2030	5,127
Thereafter	1,454
Total undiscounted cash flows	168,647
Less: Unearned income	(16,928)
Present value of lease payments	$	151,719

Allowance for Loan and Lease Losses

The following tables present a summary of the activity in the ALLL on loans and leases HFI by loan portfolio segment for the years indicated:


	Year Ended December 31, 2025
			Real Estate
	Real Estate		Construction
	Mortgage		and Land		Commercial		Consumer		Total
	(In thousands)
Allowance for Loan and Lease Losses:
Balance, beginning of year	$	145,754	$	10,940	$	67,833	$	14,833	$	239,360
Charge-offs	(26,507)		(21,536)		(22,977)		(4,485)		(75,505)
Recoveries	2,786		1,370		12,264		557		16,977
Net charge-offs	(23,721)		(20,166)		(10,713)		(3,928)		(58,528)
Provision	15,368		18,075		28,967		2,370		64,780
Balance, end of year	$	137,401	$	8,849	$	86,087	$	13,275	$	245,612

Ending Allowance by
Evaluation Methodology:
Individually evaluated	$	2,357	$	—	$	—	$	—	$	2,357
Collectively evaluated	$	135,044	$	8,849	$	86,087	$	13,275	$	243,255

Ending Loans and Leases by
Evaluation Methodology:
Individually evaluated	$	154,402	$	—	$	1,871	$	—	$	156,273
Collectively evaluated	13,596,385		1,947,627		8,975,335		357,059		24,876,406
Ending balance	$	13,750,787	$	1,947,627	$	8,977,206	$	357,059	$	25,032,679


	Year Ended December 31, 2024
			Real Estate
	Real Estate		Construction
	Mortgage		and Land		Commercial		Consumer		Total
	(In thousands)
Allowance for Loan and Lease Losses:
Balance, beginning of year	$	186,827	$	33,830	$	45,156	$	15,874	$	281,687

Charge-offs	(63,117)		—		(26,322)		(5,504)		(94,943)
Recoveries	2,766		—		5,711		639		9,116
Net charge-offs	(60,351)		—		(20,611)		(4,865)		(85,827)
Provision	19,278		(22,890)		43,288		3,824		43,500
Balance, end of year	$	145,754	$	10,940	$	67,833	$	14,833	$	239,360

Ending Allowance by
Evaluation Methodology:
Individually evaluated	$	1,702	$	—	$	3,706	$	—	$	5,408
Collectively evaluated	$	144,052	$	10,940	$	64,127	$	14,833	$	233,952

Ending Loans and Leases by
Evaluation Methodology:
Individually evaluated	$	167,060	$	—	$	19,831	$	—	$	186,891
Collectively evaluated	13,260,599		3,172,293		6,758,998		402,882		23,594,772
Ending balance	$	13,427,659	$	3,172,293	$	6,778,829	$	402,882	$	23,781,663

The allowance for loan and lease losses increased by $6.3 million in 2025 due primarily to $64.8 million of provision for loan and lease losses, offset partially by net charge-offs of $58.5 million. For additional information regarding the calculation of the ALLL using the CECL methodology, including discussion of forecasts used to estimate the allowance, please see "Note 1. Nature of Operations and Summary of Significant Accounting Policies - Allowance for Credit Losses on Loans and Leases Held for Investment."

A loan is considered collateral-dependent, and is individually evaluated for reserve purposes, when the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral. The following table summarizes collateral-dependent loans HFI by collateral type as of the dates indicated:


	December 31,
	2025				2024
	Real		Business				Real		Business
	Property		Assets		Total		Property		Assets		Total
	(In thousands)
Real estate mortgage	$	155,233	$	—	$	155,233	$	167,060	$	—	$	167,060

Commercial	—		625		625		—		10,870		10,870

Total	$	155,233	$	625	$	155,858	$	167,060	$	10,870	$	177,930

Allowance for Credit Losses

The ACL is the combination of the ALLL and the reserve for unfunded loan commitments. The reserve for unfunded loan commitments is included within "Accrued interest payable and other liabilities" on the consolidated balance sheets.

The following tables present a summary of the activity in the ALLL and reserve for unfunded loan commitments for the years indicated:


	Year Ended December 31, 2025
	Allowance for		Reserve for		Total
	Loan and		Unfunded Loan		Allowance for
	Lease Losses		Commitments		Credit Losses
	(In thousands)
Balance, beginning of year	$	239,360	$	29,071	$	268,431
Charge-offs	(75,505)		—		(75,505)
Recoveries	16,977		—		16,977
Net charge-offs	(58,528)		—		(58,528)
Provision	64,780		5,850		70,630
Balance, end of year	$	245,612	$	34,921	$	280,533


	Year Ended December 31, 2024
	Allowance for		Reserve for		Total
	Loan and		Unfunded Loan		Allowance for
	Lease Losses		Commitments		Credit Losses
	(In thousands)
Balance, beginning of year	$	281,687	$	29,571	$	311,258

Charge-offs	(94,943)		—		(94,943)
Recoveries	9,116		—		9,116
Net charge-offs	(85,827)		—		(85,827)
Provision	43,500		(500)		43,000
Balance, end of year	$	239,360	$	29,071	$	268,431

Income Taxes

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Income Taxes

INCOME TAXES

The following table presents the components of income tax expense for the years indicated:


	Year Ended December 31,
	2025		2024		2023
	(In thousands)
Current Tax Expense:
Federal	$	46,763	$	45,554	$	34,219
State	1,611		1,156		3,387
Total current tax expense	48,374		46,710		37,606
Deferred Tax (Benefit) Expense:
Federal	5,518		(6,082)		(238,865)
State	30,210		1,138		(110,942)
Total deferred tax (benefit) expense	35,728		(4,944)		(349,807)
Total income tax (benefit) expense	$	84,102	$	41,766	$	(312,201)

For the year ended December 31, 2025, the Company generated income before income taxes totaling $313 million, all of which was attributable to U.S. income. The Company does not have operations located outside the U.S.

In December 2023, the FASB issued ASU 2023-09, "Improvement to Income Tax Disclosure," which aims to enhance income tax disclosures with the intention to provide investors with better understanding of an entity’s global operations, effective tax rates and tax risks in making capital investment decisions. The new standard requires tax rate reconciliation to be segmented into eight standardized categories and to disaggregate items meeting or exceeding a 5% threshold.

Public business entities are required to adopt ASU 2023-09 for annual periods beginning after December 15, 2024, and should be applied on a prospective basis with the option to apply the standard retrospectively. Early adoption is permitted. The Company adopted ASU 2023-09 in the calendar year beginning January 1, 2025, on a prospective basis.

The following table presents a reconciliation of the Company's income taxes for 2025:


	Year Ended December 31, 2025
	Amount		Percent
	(In thousands)
U.S federal statutory tax rate	$	65,746	21.0	%
State and local income taxes, net of federal benefits (1)	28,267		9.0	%
Tax credits:
Low income housing tax credits	(5,527)		(1.8)	%
Changes in valuation allowances	(982)		(0.3)	%
Nontaxable or nondeductible items:
Tax exempt interest income	(16,643)		(5.3)	%
Disallowed interest expense	9,233		3.0	%
Disallowed FDIC premium	3,499		1.1	%
Other	586		0.2	%
Changes in unrecognized tax benefits	28		0.0	%
Other adjustments	(105)		0.0	%
Effective tax rate	$	84,102	26.9	%

______________________

(1) State taxes in California made up the majority (greater than 50%) of the tax effect in this category.

The following table presents income taxes paid (net of refunds received) for the year ended December 31, 2025:


	Year Ended December 31, 2025
	(In thousands)
U.S federal taxes	$	(7,760)
State and local taxes:
California	14,611
Other states	694
Total income taxes paid	$	7,545

The following table presents a reconciliation of the recorded income tax expense to the amount of taxes computed by applying the applicable federal statutory income tax rates of 21% for 2024 and 2023 to earnings before income taxes:


	Year Ended December 31,
	2024		2023
	(In thousands)
Computed expected income tax (benefit) expense at federal statutory rate	$	35,417	$	(464,381)
State tax (benefit) expense, net of federal tax benefit	12,657		(156,669)
Goodwill impairment	—		286,811
Tax‑exempt interest benefit	(15,572)		(12,518)
Increase in cash surrender value of life insurance	(1,246)		(1,455)
Low income housing tax credits, net of amortization	(12,378)		(8,574)
Nondeductible employee compensation	1,683		3,947
Nondeductible acquisition‑related expense	—		5,456
Nondeductible FDIC premiums	9,377		18,973
Change in unrecognized tax benefits	40		443
Valuation allowance change	(2,115)		(5,948)
Disallowed interest	11,043		12,318
Equity compensation shortfall (windfall)	4,991		4,949




State rate and apportionment changes	(4,662)		2,240
Other, net	2,531		2,207
Recorded income tax (benefit) expense	$	41,766	$	(312,201)

The Company recognized $54.3 million, $57.9 million, and $42.7 million of tax credits and other tax benefits associated with its investments in LIHTC partnerships for the years ended December 31, 2025, 2024, and 2023. The amount of amortization of such investments reported in income tax expense under the proportional amortization method of accounting was $45.0 million for 2025, $45.6 million for 2024, and $34.1 million for 2023.

As of December 31, 2025, for federal tax purposes, the Company had $151.7 million of LIHTC and solar tax credit carryforwards available to apply against future tax liability, expiring from 2042 to 2045. The Company had $12.7 million state LIHTC carryforwards, which can be carried forward indefinitely.

At December 31, 2025, we had $773.7 million of federal net operating loss carryforwards, almost all of which can be carried forward indefinitely, and approximately $1.33 billion of state net operating loss carryforwards available to be applied against future taxable income. A majority of the state net operating loss carryforwards will expire in varying amounts from 2026 through 2044. A portion of the state net operating loss carryforwards generated after December 31, 2017 can be carried forward indefinitely due to the state conformity to the federal net operating loss carryforward provisions as modified by the Tax Cuts and Jobs Act.

The following table presents the tax effects of temporary differences that give rise to significant portions of deferred tax assets and deferred tax liabilities as of the dates indicated:


	December 31,
	2025		2024
	(In thousands)
Deferred Tax Assets:
Book allowance for loan losses in excess of tax specific charge-offs	$	78,989	$	78,096
Fair value mark on acquired loans	43,637		65,100
Interest on nonaccrual loans	6,596		4,569
Deferred compensation	4,490		4,902

Foreclosed assets valuation allowance	86		335


Net operating losses	261,014		292,843

Accrued liabilities	88,077		102,232
Unrealized loss from FDIC‑assisted acquisitions	503		413
Unrealized loss on securities available-for-sale	54,454		79,977
Unrealized loss on securities held-to-maturity	51,006		62,162
Tax mark-to-market on loans	227		250

Goodwill	64,512		73,863
Tax credits	164,071		130,522
Lease liability	33,421		35,447
FDIC indemnification asset	1,779		7,028


Other	2,891		3,159
Gross deferred tax assets	855,753		940,898
Valuation allowance	(16,065)		(19,015)
Deferred tax assets, net of valuation allowance	839,688		921,883
Deferred Tax Liabilities:
Core deposit and customer relationship intangibles	20,367		27,292
Deferred loan fees and costs	861		2,193
Unrealized gain on credit-linked notes	1,706		1,452
Premises and equipment, principally due to differences in depreciation	2,181		5,710
FHLB stock	570		553

Subordinated debt	13,118		14,789
Equity investments	12,375		9,695

Operating leases	103,633		110,415
ROU assets	28,122		29,197

Gross deferred tax liabilities	182,933		201,296
Total net deferred tax assets	$	656,755	$	720,587

Based upon our taxpaying history and estimates of taxable income over the years in which the items giving rise to the DTAs are deductible, management believes it is more likely than not the Company will realize the benefits of these DTAs. The Company's net DTAs decreased at December 31, 2025, compared to December 31, 2024 due primarily to a decrease in unrealized loss on AFS securities.

The Company had net income taxes receivable of $8.4 million and $18.0 million at December 31, 2025 and December 31, 2024.

As of December 31, 2025 and 2024, the Company had a valuation allowance of $16.1 million and $19.0 million against DTAs. Periodic reviews of the carrying amount of DTAs are made to determine if a valuation allowance is necessary. A valuation allowance is required, based on available evidence, when it is more likely than not that all or a portion of a DTA will not be realized due to the inability to generate sufficient taxable income in the period and/or of the character necessary to utilize the benefit of the DTA. All available evidence, both positive and negative, that may affect the realizability of the DTA is identified and considered in determining the appropriate amount of the valuation allowance. It is more likely than not that these DTAs subject to a valuation allowance will not be realized primarily due to their character and/or the expiration of the carryforward periods.

The net decrease of $3.0 million in the total valuation allowance during the year ended December 31, 2025 was primarily related to the expiration and the expected realization of state net operating losses DTA that were previously reserved.

The following table summarizes the activity related to the Company's unrecognized tax benefits for the years indicated:


	Year Ended December 31,
Unrecognized Tax Benefits	2025		2024
	(In thousands)
Balance, beginning of year	$	645	$	1,598

Reductions for tax positions related to prior years	—		(953)
Reductions related to settlements	(335)		—

Balance, end of year	$	310	$	645

Unrecognized tax benefits that would affect the effective tax rate if recognized	$	310	$	645

We recognize interest and penalties related to unrecognized tax benefits as a component of income tax expense.

For the year ended December 31, 2025, we reduced our accrual for interest expense and penalties by $0.1 million. For the year ended December 31, 2024,we reduced our accrual for interest expense and penalties by $0.4 million and recognized tax expense of $0.1 million. We had $0.1 million and $0.2 million accrued for the payment of interest and penalties as of December 31, 2025 and 2024, respectively.

We file federal and state income tax returns with the Internal Revenue Service (“IRS”) and various state and local jurisdictions and generally remain subject to examinations by these tax jurisdictions for tax years 2021 through 2024. We are currently under examination by the IRS and certain state and local jurisdictions for various tax years ranging between 2015 and 2022.

The entire disclosure for income tax.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 740
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477617/942-740-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 740
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478822/944-740-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12C

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12B

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477891/740-270-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-13

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/740/tableOfContent

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-14

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-21

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-17

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-2

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482603/740-30-50-2

Equity, Attributable to Parent [Abstract]

Stockholders' Equity

12 Months Ended

Dec. 31, 2025

Stockholders' Equity

NOTE 21. STOCKHOLDERS' EQUITY

Classes of Stock and Equity Instruments

Preferred Stock

Depositary shares each representing 1/40th of a share of 7.75% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series F (“Series F Preferred Stock”) are listed on the NYSE under the symbol “BANC/PF.” The Series F Preferred Stock ranks senior to our common stock and common stock equivalents both as to dividends and liquidation preference but generally have no voting rights. There are 50,000,000 total preferred shares authorized, of which 27,000,000 were authorized for the non-voting common stock equivalents (“NVCE”) and 513,250 were authorized and outstanding for the Series F Preferred stock at December 31, 2025 and 2024.

Common Stock

Our voting common stock is listed on the NYSE under the symbol “BANC” and there were 446,863,844 shares authorized at December 31, 2025 and 2024 and 149,963,520 shares outstanding at December 31, 2025 and 158,346,529 shares outstanding at December 31, 2024.

Class B Non-Voting Common Stock

Our Class B non-voting common stock is not listed or traded on any national securities exchange or automated quotation system, and there currently is no established trading market for such stock. The Class B non-voting common stock ranks equally with, and has identical rights, preferences, and privileges as the voting common stock with respect to dividends and liquidation preference but generally have no voting rights. There were 3,136,156 shares authorized at December 31, 2025 and 2024 and 477,321 shares outstanding at December 31, 2025 and 2024.

Non-Voting Common Stock Equivalents

In conjunction with the Merger, the Company issued a new class of NVCE from authorized preferred stock, which were issued under the Investment Agreements (as defined below). Our NVCE stock is not listed or traded on any national securities exchange or automated quotation system, and there currently is no established trading market for such stock. The NVCE stock does not have voting rights and ranks equally with, and has identical rights, preferences, and privileges as, the voting common stock with respect to dividends or distributions (including regular quarterly dividends) declared by the Board and rights upon any liquidation, dissolution, winding up or similar proceeding of the Company. The NVCE stock is convertible into shares of voting common stock on a one-for-one basis, generally upon transfer to an eligible holder or the occurrence of other specified events in accordance with the terms of the Warburg Investment Agreement (as defined below) with affiliates of funds managed by Warburg Pincus LLC (the "Warburg Investors"). There were 27,000,000 shares of NVCE stock authorized at December 31, 2025 and 2024 and 5,017,064 shares of NVCE stock outstanding at December 31, 2025 and 9,790,600 at December 31, 2024.

During the third quarter of 2025, certain affiliates of Warburg Pincus LLC sold 4,500,000 shares of the Company’s NVCE in a negotiated block trade with a third party at a price per share of $16.38. The transaction was executed at a market-based price reflecting a customary block trade discount, and the NVCE shares automatically converted to common shares upon sale. The Company also repurchased 1,150,000 shares of its NVCE stock from the Warburg Investors at that same price per share under the Company's authorized share repurchase program. The repurchased shares were retired upon settlement and recorded as a reduction to stockholders’ equity.

Warrants

In conjunction with the Merger and per the terms of the investment agreements, each dated July 25, 2023, entered into by Banc of California, Inc. with the Warburg Investors (such agreement, the "Warburg Investment Agreement") and the Centerbridge Investor (together with the Warburg Investment Agreement, the "Investment Agreements"), respectively, the Warburg Investors received warrants to purchase 15,853,659 shares of NVCE stock (the "Warburg Warrants"), and the Centerbridge Investor received warrants to purchase 3,048,780 shares of voting common stock (the “Centerbridge Warrants”), each with an initial exercise price of $15.375 per share, subject to customary anti-dilution adjustments provided for under the warrant agreements. The warrants carry a term of seven years but are subject to mandatory exercise when the market price of the voting common stock reaches or exceeds $24.60 for 20 or more trading days during any 30-consecutive trading day period. These warrants are being accounted for as equity. The exercise price of the Centerbridge Warrants will be adjusted downward, per the terms of their warrant agreement, and the exercise price of the Warburg Warrants will also be adjusted, per the terms of their warrant agreement and the NVCE Articles Supplementary, for cash distributions to stockholders of the Company’s voting common stock, including the Company’s quarterly cash dividend.

In addition to their holdings of NVCE and warrants, the Warburg Investors beneficially owned approximately 9.63% of the Company's outstanding voting common stock as of December 31, 2025. See "Note 25. Related Party Transactions" for additional information regarding these holdings.

Common Stock Repurchased

The Company's common stock repurchased consisted of: (1) restricted stock surrendered and (2) stock repurchased under the Company's Stock Repurchase Program.

Restricted Stock Surrendered

Restricted stock surrendered represents shares surrendered to the Company resulting from the statutory payroll tax obligations arising from the vesting of stock awards.

The following table shows the dollar amount of shares surrendered, shares surrendered, and weighted average price per share for stock surrendered for the years indicated:


	Year Ended December 31,
Restricted Stock Surrendered	2025		2024		2023
Dollar amount of shares surrendered (in thousands)	$	3,714	$	2,708	$	5,421
Number of shares surrendered	254,280		187,783		228,151
Weighted average price per share	$	14.61	$	14.42	$	23.76

Stock Repurchase Program

On March 17, 2025, we announced that our Board of Directors authorized the repurchase of up to $150.0 million of our common stock. On April 23, 2025, we announced an upsize of the stock repurchase program from $150.0 million to $300.0 million and expanded the program to cover both the Company's common stock and depositary shares representing its preferred stock. The repurchase authorization expires in March 2026.

During the first quarter of 2025, common stock repurchased under the program totaled 2,684,823 shares at a weighted average price per share of $14.36, or $38.5 million in the aggregate. During the second quarter of 2025, common stock repurchased under the program totaled 8,809,814 shares at a weighted average price per share of $12.65, or $111.5 million in the aggregate. During the third quarter of 2025, common and common equivalent stock repurchased under the program totaled 2,153,792 shares at a weighted average price per share of $16.48, or $35.5 million in aggregate. The third quarter of 2025 repurchases include 1,150,000 shares of our NVCE stock from the Warburg Investors at a price of $16.38. During the year ended December 31, 2025, common and common equivalent stock repurchased under the program totaled 13,648,429 shares at a weighted average price per share of $13.59, or $185.5 million in the aggregate. As of December 31, 2025, the Company had $114.5 million remaining under the stock repurchase authorization.

Purchases may be made in open-market transactions, in block transactions on or off an exchange, in privately negotiated transactions or by other means as determined by our management and in accordance with the regulations of the SEC. The timing of purchases and the number of shares repurchased under the program will depend on a variety of factors including price, trading volume, corporate and regulatory requirements, and market conditions. The program may be changed, suspended, or discontinued at any time.

Preferred Stock Issuance

On June 6, 2022, PacWest Bancorp issued and sold 20,530,000 depositary shares (the “Depositary Shares”), each representing a 1/40th ownership interest in a share of the Company’s 7.75% fixed rate reset non-cumulative, non-convertible, perpetual preferred stock, Series A, par value $0.01 per share (the “Series A preferred stock”), with a liquidation preference of $1,000 per share of Series A preferred stock (equivalent to $25.00 per Depositary Share). The gross proceeds were $513.3 million while net proceeds from the issuance of the Series A preferred stock, after deducting $14.7 million of offering costs including the underwriting discount and other expenses, were $498.5 million. In conjunction with the Merger, each share of Series A preferred stock was exchanged for a new share of Banc of California, Inc. 7.75% fixed rate reset non-cumulative, non-convertible, perpetual preferred stock, Series F, par value $0.01 per share (the “Series F preferred stock”). The Series F preferred stock qualifies as Tier 1 capital for purposes of regulatory capital calculations.

Holders of the Depositary Shares will be entitled to all proportional rights and preferences of the Series F preferred stock (including dividend, voting, redemption, and liquidation rights).

Dividends on the Series F preferred stock are not cumulative or mandatory. If the Company’s Board of Directors does not declare a dividend on the Series F preferred stock in respect of a dividend period, then no dividend shall be deemed to be payable for such dividend period or be cumulative, and the Company will have no obligation to pay any dividend for that dividend period, whether or not the Board of Directors declares a dividend on the Series F preferred stock or any other class or series of its capital stock for any future dividend period. Additionally, so long as any share of Series F preferred stock remains outstanding, unless dividends on all outstanding shares of Series F preferred stock for the most recently completed dividend period have been paid in full or declared and a sum sufficient for the payment thereof has been set aside for payment, no dividend shall be declared or paid or set aside for payment and no distribution shall be declared or made or set aside for payment on the Company’s common stock.

The Series F preferred stock is perpetual and has no maturity date. The Series F preferred stock is not subject to any mandatory redemption, sinking fund, or other similar provisions. The Company, at its option and subject to prior regulatory approval, may redeem the Series F preferred stock (i) in whole or in part, from time to time, on any dividend payment date on or after September 1, 2027 or (ii) in whole but not in part at any time within 90 days following a regulatory capital treatment event, in each case, at a redemption price equal to $1,000 per share of Series F preferred stock (equivalent to $25 per Depositary Share), plus any declared and unpaid dividends, without regard to any undeclared dividends, to but excluding the redemption date. Neither the holders of the Series F preferred stock nor holders of the Depositary Shares have the right to require the redemption or repurchase of the Series F preferred stock.

The entire disclosure for equity.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478448/946-505-50-6

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480237/815-40-50-6

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/505/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 16
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-16

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

Premises and Equipment, Net [Abstract]

Premises and Equipment, Net Premises and Equipment, Net (Tables)

12 Months Ended

Dec. 31, 2025

Property, Plant and Equipment

The following table presents the components of premises and equipment as of the dates indicated:


	December 31,
	2025		2024
	(In thousands)
Land	$	8,874	$	8,874
Buildings	95,327		95,410
Furniture, fixtures and equipment	65,648		52,274
Leasehold improvements	74,298		78,326
Premises and equipment, gross	244,147		234,884
Less: accumulated depreciation and amortization	(97,449)		(92,338)
Premises and equipment, net	$	146,698	$	142,546

Subsequent Events	12 Months Ended
Subsequent Events	Dec. 31, 2025
Subsequent Events [Abstract]
Subsequent Events	NOTE 26. SUBSEQUENT EVENTS Stock Repurchase Program As discussed in "Note 21. Stockholders' Equity," the Company has an active stock repurchase program. On February 2, 2026, the Company purchased 1,000,000 shares of its NVCE stock at $20.00 per share for $20 million. Common Stock Dividend On February 5, 2026, the Company announced that the Board of Directors had declared a quarterly cash dividend of $0.12 per common share, representing a 20% increase to the most recent dividend declaration. The cash dividend is payable on April 1, 2026, to stockholders of record at the close of business on March 16, 2026. Preferred Stock Dividend On February 5, 2026, the Company announced that the Board of Directors had declared a quarterly cash dividend of $0.4845 per Depositary Share. The cash dividend is payable on March 2, 2026 to stockholders of record at the close of business on February 19, 2026. We have evaluated events that have occurred subsequent to December 31, 2025 and have concluded there are no subsequent events that would require recognition in the accompanying consolidated financial statements.

Business Combinations (Tables)

12 Months Ended

Dec. 31, 2025

Business Combination [Abstract]

Business Combination, Intangible Asset, Acquired, Finite-Lived and Indefinite-Lived

The following table provides the preliminary purchase price allocation as of the Merger Date and the assets acquired and liabilities assumed at their estimated fair value as of the Merger Date as recorded by the Company.


	November 30, 2023
	Purchase Price Consideration:
	(In thousands)
Total merger consideration			$	663,004
Fair value of assets acquired:
Cash and due from banks	$	335,300
Investment securities available-for-sale	872,800
Loans and leases held for sale	2,182,988
Loans and leases held for investment, net of allowance for loan and lease losses	3,965,112
Premises and equipment	103,500
Other intangible assets	145,500
Current and deferred tax assets, net	209,100
Other assets	392,550
Total assets acquired	$	8,206,850
Fair value of liabilities assumed:
Deposits	$	6,547,659
FHLB advances	794,000
Long-term debt	257,600
Other liabilities	143,214
Total liabilities assumed	$	7,742,473
Net assets acquired			464,377
Goodwill			$	198,627

Insider Trading Policies and Procedures	12 Months Ended
Insider Trading Policies and Procedures	Dec. 31, 2025
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

Deposits Deposits (Details 1) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Time Deposits Balance [Line Items]
Time Deposit Maturities, Next Twelve Months	$ 4,223,700
Time Deposit Maturities, Year Two	451,460
Time Deposit Maturities, Year Three	5,406
Time Deposit Maturities, Year Four	2,878
Time Deposit Maturities, Year Five	3,819
Time Deposit Maturities, after Year Five	0
Time Deposits	4,687,263	$ 4,566,424
Deposits Exceeding FDIC Insurance Limit of $250,000 [Member]
Time Deposits Balance [Line Items]
Time Deposit Maturities, Next Twelve Months	916,687
Time Deposit Maturities, Year Two	94,372
Time Deposit Maturities, Year Three	3,174
Time Deposit Maturities, Year Four	2,013
Time Deposit Maturities, Year Five	1,494
Time Deposit Maturities, after Year Five	0
Time Deposits	1,017,740
Deposits FDC Insured $250,000 and Under [Member]
Time Deposits Balance [Line Items]
Time Deposit Maturities, Next Twelve Months	3,307,013
Time Deposit Maturities, Year Two	357,088
Time Deposit Maturities, Year Three	2,232
Time Deposit Maturities, Year Four	865
Time Deposit Maturities, Year Five	2,325
Time Deposit Maturities, after Year Five	0
Time Deposits	$ 3,669,523

Dividend Availability and Regulatory Matters Dividend Availability and Regulatory Matters (Details) - USD ($)	Dec. 31, 2025	Dec. 31, 2024
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier One Leverage Capital Required to be Well Capitalized to Average Assets	5.00%
Banking Regulation, Common Equity Tier 1 Risk-Based Capital Ratio, Well Capitalized, Minimum	6.50%
Tier One Risk Based Capital Required to be Well Capitalized to Risk Weighted Assets	8.00%
Capital Required to be Well Capitalized to Risk Weighted Assets	10.00%
Bank of California, inc.
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier One Leverage Capital	$ 3,331,161,000	$ 3,369,457,000
Tier One Leverage Capital to Average Assets	9.99%	10.15%
Tier One Leverage Capital Required to be Well Capitalized	$ 0	$ 0
Tier One Risk Based Common Equity	$ 2,701,645,000	$ 2,739,941,000
Common Equity Tier One Capital Ratio	10.01%	10.55%
Tier One Risk Based Common Equity Required to be Well Capitalized	$ 0	$ 0
Banking Regulation, Capital Conservation Buffer, Common Equity Tier 1 Risk-Based Capital, Actual		7.00%
Tier One Risk Based Capital	$ 3,331,161,000	$ 3,369,457,000
Tier One Risk Based Capital to Risk Weighted Assets	12.34%	12.97%
Tier One Risk Based Capital Required to be Well Capitalized	$ 1,619,857,000	$ 1,558,601,000
Tier One Risk Based Capital Required to be Well Capitalized to Risk Weighted Assets		6.00%
Banking Regulation, Capital Conservation Buffer, Tier 1 Risk-Based Capital, Actual		8.50%
Capital	$ 4,403,973,000	$ 4,427,860,000
Capital to Risk Weighted Assets	16.31%	17.05%
Capital Required to be Well Capitalized	$ 2,699,762,000	$ 2,597,668,000
Capital Required to be Well Capitalized to Risk Weighted Assets		10.00%
Banking Regulation, Capital Conservation Buffer, Total Risk-Based Capital, Actual		10.50%
Bank of California
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier One Leverage Capital	$ 3,543,771,000	$ 3,671,545,000
Tier One Leverage Capital to Average Assets	10.65%	11.08%
Tier One Leverage Capital Required to be Well Capitalized	$ 1,663,677,000	$ 1,656,718,000
Tier One Leverage Capital Required to be Well Capitalized to Average Assets		5.00%
Tier One Risk Based Common Equity	$ 3,543,771,000	$ 3,671,545,000
Common Equity Tier One Capital Ratio	13.15%	14.17%
Tier One Risk Based Common Equity Required to be Well Capitalized	$ 1,751,120,000	$ 1,684,283,000
Banking Regulation, Common Equity Tier 1 Risk-Based Capital Ratio, Well Capitalized, Minimum		6.50%
Banking Regulation, Capital Conservation Buffer, Common Equity Tier 1 Risk-Based Capital, Actual		7.00%
Tier One Risk Based Capital	$ 3,543,771,000	$ 3,671,545,000
Tier One Risk Based Capital to Risk Weighted Assets	13.15%	14.17%
Tier One Risk Based Capital Required to be Well Capitalized	$ 2,155,225,000	$ 2,072,963,000
Tier One Risk Based Capital Required to be Well Capitalized to Risk Weighted Assets		8.00%
Banking Regulation, Capital Conservation Buffer, Tier 1 Risk-Based Capital, Actual		8.50%
Capital	$ 4,206,727,000	$ 4,315,098,000
Capital to Risk Weighted Assets	15.61%	16.65%
Capital Required to be Well Capitalized	$ 2,694,031,000	$ 2,591,204,000
Capital Required to be Well Capitalized to Risk Weighted Assets		10.00%
Banking Regulation, Capital Conservation Buffer, Total Risk-Based Capital, Actual		10.50%

Related Party Disclosures (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Related Party Transaction [Line Items]
Loans and Leases Receivable, Related Parties	$ 0
IntraFi
Related Party Transaction [Line Items]
Costs and Expenses, Related Party	$ 7,500	$ 8,000	$ 9,200

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-3

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(k)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(k)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481990/310-10-45-13

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c)(2)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c)(2)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Condensed Financial Information Of Parent Company [Abstract]

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Dec. 31, 2025
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Earnings (Loss) Per Share (Details 1) - shares		12 Months Ended
Earnings (Loss) Per Share (Details 1) - shares	Nov. 30, 2023	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Weighted Average Number of Shares, Restricted Stock		127,000	480	1,169
Class of Warrant or Right, Outstanding		0	18,902	1,605
Pacific Western Bank
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Stock Issued During Period, Shares, Acquisitions	0.6569

Nature of Operations and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations and Summary of Significant Accounting Policies	NOTE 1. NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Banc of California, Inc., a Maryland corporation, was incorporated in March 2002 and serves as the holding company for its wholly owned subsidiary, Banc of California (the “Bank”), a California state-chartered bank and member of the FRB. When we refer to the “holding company," we are referring to Banc of California, Inc., the parent company, on a stand-alone basis. When we refer to “we,” “us,” “our,” or the “Company,” we are referring to Banc of California, Inc. and its consolidated subsidiaries including the Bank, collectively. As a bank holding company, Banc of California, Inc. is subject to ongoing and comprehensive supervision, regulation, examination, and enforcement by the FRB. As a California state-chartered bank and a member of the FRB, the Bank is subject to ongoing and comprehensive supervision, regulation, examination and enforcement by the DFPI and the FRB. The Bank is also a member of the FHLB system, and its deposit accounts are insured by the DIF of the FDIC. Banc of California is one of the nation's premier relationship-based business banks, providing banking and treasury management services to small, middle-market, and venture-backed businesses. The Bank offers a broad range of loan and deposit products and services through full-service branches located throughout California and in Denver, Colorado, and Durham, North Carolina, as well as through regional offices nationwide. The Bank also provides full-service payment processing solutions to its clients and serves the Community Association Management industry nationwide with its technology-forward platform, SmartStreet™. The Bank is committed to its local communities by supporting organizations that provide financial literacy and job training, small business support, affordable housing, and more. We generate our revenue primarily from interest received on loans and leases and, to a lesser extent, from interest received on investment securities, and fees received in connection with deposit services, extending credit and other services offered, including treasury management and investment management services. Our major operating expenses are interest paid by the Bank on deposits and borrowings, compensation expense, customer related expense, information technology and data processing expense, occupancy expense, and general operating expenses. Recent Accounting Pronouncements In November 2024, the FASB issued ASU 2024-03, "Disaggregation of Income Statement Expenses," requiring additional disclosure of income statement expenses, including categories like employee compensation, depreciation, and intangible asset amortization, as well as selling expenses. Companies must also qualitatively describe any remaining amounts not separately disclosed. In January 2025, the FASB also issued ASU 2025-01, "Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures-Clarifying the Effective Date," clarified that all public business entities must adopt the guidance in annual reporting periods beginning after December 15, 2026, and interim periods within annual reporting periods beginning after December 15, 2027. The disclosures apply prospectively, but retrospective application is allowed. The Company is currently evaluating the impact of this update on its consolidated financial statements and related disclosures. In September 2025, the FASB issued ASU 2025-06, "Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software." The new standard clarifies and modernizes the accounting for costs related to internal-use software under ASC 350-40. Specifically, the amendments address the accounting for software developed using iterative and agile development methods, clarify the threshold for when capitalization of software costs should begin, and require the disclosure requirements of ASC 360-10. This guidance is effective for fiscal years beginning after December 15, 2027, with early adoption permitted. Entities may apply the guidance using one of three transition methods: prospective, modified retrospective (based on the project’s status and whether costs were previously capitalized), or full retrospective application. The Company is currently evaluating the impact of this update on its consolidated financial statements and related disclosures. In November 2025, the FASB issued ASU 2025-08, “Financial Instruments—Credit Losses (Topic 326): Purchased Loans,” which updates the accounting for acquired loans under the CECL model. The amendments address application challenges under previous guidance, including the perceived double-counting of credit losses at acquisition, by expanding the gross-up approach and introducing the concept of purchased seasoned loans. Under the new standard, an allowance for credit losses is recorded at acquisition with a corresponding adjustment to the loan’s amortized cost basis, eliminating the requirement for a day-one provision for certain acquired loans. Loans acquired in a business combination (excluding credit cards) are automatically considered purchased seasoned loans, while other loans qualify if acquired more than 90 days after origination and the acquirer was not involved in origination. The guidance is effective for fiscal years beginning after December 15, 2026, with early adoption permitted, and is to be applied prospectively. The Company is currently evaluating the impact of this update on its consolidated financial statements and related disclosures. In December 2025, the FASB issued ASU 2025‑11, “Interim Reporting (Topic 270): Narrow‑Scope Improvements,” which clarifies and consolidates interim reporting guidance under ASC 270 for entities issuing interim financial statements. In addition, the update establishes a disclosure principle requiring entities to disclose material events or changes since the end of the most recent annual reporting period. The amendment does not introduce new recognition, measurement, or disclosure requirements and are not intended to change the fundamental nature of interim reporting, but rather to enhance clarity and consistency in interim financial reporting. The guidance is effective for interim reporting periods within fiscal years beginning after December 15, 2027, with early adoption permitted. Entities may apply the guidance using either prospective or retrospective application. The Company is currently evaluating the impact of this update on its consolidated financial statements and related disclosures. Recently Adopted Accounting Standards In December 2023, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosures." The standard, among other changes, improves annual income tax disclosures by requiring disaggregated information about a reporting entity’s effective tax rate reconciliation as well as information on income taxes paid. The standard is intended to benefit investors by providing more detailed income tax disclosures that would be useful in making capital allocation decisions. The enhanced income tax disclosure requirements apply on a prospective basis to annual financial statements for periods beginning after December 15, 2024. However, retrospective application in all prior periods presented is permitted. The Company adopted this accounting guidance on a prospective basis and determined this guidance did not have a material impact on the Company's consolidated financial statements. Basis of Presentation The accounting and reporting policies of the Company are in accordance with U.S. generally accepted accounting principles, which we may refer to as U.S. GAAP. In the opinion of management, all significant intercompany accounts and transactions have been eliminated and adjustments, consisting solely of normal recurring accruals and considered necessary for the fair presentation of financial statements have been included. On November 30, 2023 (the "Merger Date"), PacWest Bancorp merged with and into Banc of California, Inc. (the “Merger”), with Banc of California, Inc. continuing as the surviving legal corporation and Banc of California, Inc. concurrently closed a $400 million equity capital raise. The Merger was accounted for as a reverse merger using the acquisition method of accounting, therefore, PacWest Bancorp was deemed the acquirer for financial reporting purposes, even though Banc of California, Inc. was the legal acquirer. The Merger was an all-stock transaction and has been accounted for as a business combination. Banc of California, Inc.'s financial results for all periods ended prior to November 30, 2023 reflect PacWest Bancorp results on a standalone basis. In addition, Banc of California, Inc.'s reported financial results for the year ended December 31, 2023 reflect PacWest Bancorp financial results, only on a standalone basis until the closing of the Merger on November 30, 2023, and results of the combined company for the month of December 2023. The number of shares issued and outstanding, earnings per share, and all references to share quantities or metrics of Banc of California, Inc. have been retrospectively restated to reflect the equivalent number of shares issued in the Merger as the Merger was accounted for as a reverse merger. Under the reverse merger method of accounting, the assets and liabilities of legacy Banc of California, Inc. as of November 30, 2023 were recorded at their respective fair values. Refer to "Note 2. Business Combinations" for additional information on this merger. Use of Estimates The Company has made a number of estimates and assumptions relating to the reporting of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period to prepare these consolidated financial statements in conformity with U.S. GAAP. Actual results could differ from those estimates. Material estimates subject to change in the near term include, among other items, the allowance for credit losses (the combination of the allowance for loan and lease losses and the reserve for unfunded loan commitments) and the realization of DTAs. These estimates may be adjusted as more current information becomes available, and any adjustment may be significant. Cash and Cash Equivalents For purposes of the consolidated statements of cash flows, cash and cash equivalents consist of: (1) cash on hand and cash due from banks, (2) interest‑earning deposits in financial institutions, and (3) federal funds sold with original maturities less than 90 days. Interest‑earning deposits in financial institutions represent mostly cash held at the FRBSF, the majority of which is immediately available. Restricted cash, if any, is disclosed in our consolidated financial statements. Investment in Debt Securities We determine the classification of securities at the time of purchase. If we have the intent and the ability at the time of purchase to hold securities until maturity, they are classified as held‑to‑maturity and stated at amortized cost. Securities to be held for indefinite periods of time, but not necessarily to be held‑to‑maturity or on a long‑term basis, are classified as available‑for‑sale and carried at estimated fair value, with unrealized gains or losses reported as a separate component of stockholders’ equity in accumulated other comprehensive loss, net of applicable income taxes. Securities available‑for‑sale include securities that management intends to use as part of its asset/liability management strategy and that may be sold in response to changes in interest rates, prepayment risk, and other related factors. Securities are individually evaluated for appropriate classification when acquired. As a result, similar types of securities may be classified differently depending on factors existing at the time of purchase. The carrying values of all securities are adjusted for amortization of premiums and accretion of discounts using the interest method. Premiums on callable securities are amortized to the earliest call date. Realized gains or losses on the sale of securities, if any, are determined using the amortized cost of the specific securities sold. Such gains or losses are included in "Loss on sale of securities" on the consolidated statements of earnings (loss). Available-for-sale debt securities. AFS debt securities are carried at fair value and are subject to impairment testing. Premiums and discounts are amortized or accreted over the life of the security as an adjustment to its yield using the interest method. Realized gains or losses from the sale of securities are calculated using the specific identification method. A security is impaired if the fair value of the security is less than its amortized cost basis. When an AFS debt security is considered impaired, the Company must determine if the decline in fair value has resulted from a credit-related loss or other factors and then, (1) recognize an allowance for credit losses by a charge to earnings for the credit-related component (if any) of the decline in fair value, and (2) recognize in other comprehensive income (loss) any non-credit related components (if any) of the fair value decline. If the amount of the amortized cost basis expected to be recovered increases in a future period, the valuation allowance would be reduced, but not more than the amount of the current existing allowance for that security. The amortized cost of the Company's AFS debt securities excludes accrued interest receivable, which is included in "Other assets" on the Company's consolidated balance sheets. The Company has made an Accounting Policy election not to recognize an allowance for credit losses for accrued interest receivable on AFS debt securities, as the Company reverses any accrued interest against interest income if a debt security is impaired. Transfer between categories of debt securities. Upon transfer of a debt security from the AFS category to the HTM category, the security's new amortized cost is reset to fair value, reduced by any previous write-offs but excluding any allowance for credit losses. Any associated unrealized gains or losses on such investments as of the date of transfer become part of the security's amortized cost and are subsequently amortized or accreted into interest income over the remaining life of the securities as effective yield adjustments using the interest method. In addition, the related unrealized gains and losses included in accumulated other comprehensive income on the date of transfer are also subsequently amortized or accreted into interest income over the remaining life of the securities as effective yield adjustments using the interest method. For transfers of securities from the AFS category to the HTM category, any allowance for credit losses that was previously recorded under the AFS model is reversed and an allowance for credit losses is subsequently recorded under the HTM debt security model. The reversal and re-establishment of the allowance for credit losses are recorded in the "Provision for credit losses" on the Company's consolidated statements of earnings (loss). Held-to-maturity debt securities. Debt securities that the Company has the intent and ability to hold until maturity are classified as HTM and are carried at amortized cost, net of the allowance for credit losses. Premiums and discounts are amortized or accreted over the life of the security as an adjustment to its yield using the interest method. Realized gains or losses from the sale of securities are calculated using the specific identification method. HTM debt securities are generally placed on nonaccrual status using factors similar to those described for loans. The amortized cost of the Company's HTM debt securities excludes accrued interest receivable, which is included in "Other assets" on the Company's consolidated balance sheets. The Company has made an Accounting Policy election not to recognize an allowance for credit losses for accrued interest receivable on HTM debt securities, as the Company reverses any accrued interest against interest income if a debt security is placed on nonaccrual status. Any cash collected on nonaccrual HTM securities is applied to reduce the security's amortized cost basis and not as interest income. Generally, the Company returns a HTM security to accrual status when all delinquent interest and principal become current under the contractual terms of the security, and the collectability of remaining principal and interest is no longer doubtful. Allowance for Credit Losses on Held-to-Maturity Debt Securities The allowance for credit losses for HTM debt securities is recorded at the time of purchase, acquisition, or when the Company designates securities as HTM, representing the Company's best estimate of current expected credit losses as of the date of the consolidated balance sheets. For each major HTM debt security type, the allowance for credit losses is estimated collectively for groups of securities with similar risk characteristics. For debt securities that do not share similar risk characteristics, the losses are estimated individually. Debt securities that are either guaranteed or issued by the U.S. government or government agency, are highly rated by major rating agencies, and have a long history of no credit losses, are an example of such securities to which the Company applies a zero credit loss assumption. Any expected credit loss is provided through the allowance for credit losses on HTM debt securities and deducted from the amortized cost basis of the security, so that the balance sheet reflects the net amount that the Company expects to collect. Equity and Other Investments Investments in equity securities are classified into one of two categories for accounting purposes. •Securities with a readily determinable fair value are reported at fair value, with changes in fair value recorded in earnings. •Securities without a readily determinable fair value for which we have elected the "measurement alternative" are reported at cost less impairment (if any) plus or minus adjustments resulting from observable price changes in orderly transactions for the identical or similar investment of the same issuer. Investments in common or preferred stock that are not publicly traded and certain investments in limited partnerships are considered equity investments that do not have a readily determinable fair value. On a quarterly basis, we review our equity investments without readily determinable fair values for impairment. We consider a number of qualitative factors such as whether there is a significant deterioration in earnings performance, credit rating, asset quality, or business prospects of the investee in determining if impairment exists. If the investment is considered impaired, an impairment loss equal to the amount by which the carrying value exceeds its fair value is recorded through a charge to earnings. The impairment loss may be reversed in a subsequent period if there are observable transactions for the identical or similar investment of the same issuer at a higher amount than the carrying amount that was established when the impairment was recognized. Impairment as well as upward or downward adjustments resulting from observable price changes in orderly transactions for identical or similar investments are included in “Noninterest income - Other income.” Our equity investments also include our investments in Small Business Investment Companies (“SBICs”). All of our SBIC investments meet the definition of investment companies, as defined in ASC 946, Financial Services - Investment Companies. We elected the practical expedient available in Topic 820, Fair Value Measurements, which permits the use of NAV per share or equivalent to value investments in entities that are or are similar to investment companies. SBICs are required to value and report their investments at estimated fair value. We record the unrealized gains and losses resulting from changes in the fair value of our SBIC investments as dividends and gains on equity investments in our consolidated statements of earnings (loss). The carrying value of our SBIC investments is equal to the capital account balance per each SBIC entities' quarterly financial statements. Realized gains or losses resulting from the sale of equity investments are calculated using the specific identification method and are included in “Noninterest income.” The Bank is a member of the FHLB and the FRB system. Members are required to own a certain amount of FHLB and FRB stock based on the level of borrowings and other factors. Investments in FHLB and FRB stock are carried at cost and evaluated regularly for impairment based on the ultimate recovery of par value. FHLB and FRB stock are expected to be redeemed at par. Loans and Leases Originated loans. Loans are originated by the Company with the intent to hold them for investment and are stated at the principal amount outstanding, net of unearned income. Unearned income includes deferred unamortized nonrefundable loan fees and direct loan origination costs. Net deferred fees or costs are recognized as an adjustment to interest income over the contractual life of the loans primarily using the effective interest method or taken into income when the related loans are paid off or sold. The amortization of loan fees or costs is discontinued when a loan is placed on nonaccrual status. Interest income is recorded on an accrual basis in accordance with the terms of the respective loan. Purchased loans. All loans purchased or acquired in our acquisitions are initially measured and recorded at their fair value on the acquisition date. A component of the initial fair value measurement is an estimate of the credit losses over the life of the purchased loans. Purchased loans are also evaluated to determine if they have experienced a more-than-insignificant deterioration in credit quality since origination or issuance as of the acquisition date and are classified as either (i) loans purchased without evidence of deteriorated credit quality (“non-PCD loans”), or (ii) loans purchased that have experienced a more-than-insignificant deterioration in credit quality, referred to as PCD loans. Acquired non‑PCD loans. Acquired non‑PCD loans are those loans for which there was no evidence of a more-than-insignificant credit deterioration at their acquisition date, and it was probable that we would be able to collect all contractually required payments. Acquired non‑PCD loans, together with originated loans, are referred to as non‑PCD loans. Non-PCD loans are recorded at fair value at the acquisition date, with the resulting credit and non-credit discount or premium being amortized or accreted into interest income using the interest method. Purchase discounts or premiums on acquired non‑PCD loans are recognized as an adjustment to interest income over the contractual life of such loans using the effective interest method or taken into income when the related loans are paid off or sold. Purchased/Acquired loans with credit deterioration. All purchased financial assets with credit deterioration (“PCD assets”) are recorded at the purchase price plus the allowance for credit losses expected at the time of acquisition. Acquired PCD loans are initially recorded at fair value, with the resulting non-credit discount or premium being amortized or accreted into interest income using the interest method. The credit allowance is recognized through a gross-up that increases the amortized cost basis of the asset with no effect on net income. Subsequent to the acquisition date, the allowance for credit losses for both PCD and non-PCD loans is estimated using the same methodology to determine current expected credit losses that is applied to all other loans. Leases to customers. We provide equipment financing to our customers primarily with direct financing and operating leases. For direct financing leases, lease receivables are recorded on the balance sheet under "Gross loans and leases HFI," but the leased property is not, although we generally retain legal title to the leased property until the end of each lease. Direct financing leases are stated at the net amount of minimum lease payments receivable, plus any unguaranteed residual value, less the amount of unearned income and net acquisition discount at the reporting date. Direct lease origination costs are amortized using the effective interest method over the life of the leases. Leases acquired in an acquisition are initially measured and recorded at their fair value on the acquisition date. Purchase discount or premium on acquired leases is recognized as an adjustment to interest income over the contractual life of the leases using the effective interest method or taken into income when the related leases are paid off. Direct financing leases are subject to our accounting for allowance for loans and leases. We provide equipment financing through operating leases where we facilitate the purchase of equipment leased to customers. The equipment is shown on our consolidated balance sheets as "Equipment leased to others under operating leases" and is depreciated to its estimated residual value at the end of the lease term, shown as "Leased equipment depreciation" in the consolidated statements of earnings (loss), according to our Fixed Asset Accounting Policy. We receive periodic rental income payments under the leases, which are recorded as "Noninterest income" in the consolidated statements of earnings (loss). Loans and leases held for sale. As part of our management of the loans and leases held in our portfolio, on occasion we will transfer loans from HFI to HFS. Upon transfer, any associated allowance for loan and lease loss is reversed and the carrying value of the loan is adjusted to the lower of cost or estimated fair value. The unamortized balance of net deferred fees and costs associated with loans HFS is not accreted or amortized to interest income until the related loans are sold. Gains or losses on the sale of these loans are recorded as "Noninterest income" in the consolidated statements of earnings (loss). Delinquent or past due loans and leases. Loans and leases are considered delinquent when principal or interest payments are past due 30 days or more. Delinquent loans generally remain on accrual status between 30 days and 89 days past due. Nonaccrual loans and leases. When we discontinue the accrual of interest on a loan or lease it is designated as nonaccrual. We discontinue the accrual of interest on a loan or lease generally when a borrower's principal or interest payments or a lessee's payments are past due 90 days or when, in the opinion of management, there is a reasonable doubt as to collectability in the normal course of business. Loans with interest or principal payments past due 90 days or leases with payments past due 90 days may be accruing if the loans or leases are concluded to be well-secured and in the process of collection; however, these loans or leases are still reported as nonperforming. When loans or leases are placed on nonaccrual status, all interest previously accrued but not collected is reversed against current period interest income. Interest on nonaccrual loans or leases is subsequently recognized only to the extent that cash is received and the loan principal balance or lease balance is deemed collectable. Loans or leases are restored to accrual status when the loans or leases become both well‑secured and are in the process of collection. Individually Evaluated Loans and Leases. Loans and leases that do not share similar risk characteristics with other financial assets are individually evaluated for impairment and excluded from loan pools used within the collective evaluation of estimated credit losses. We defined the following criteria for what constitutes a “default,” which results in a loan no longer sharing similar risk characteristics with other loans, and therefore requires an individual evaluation for expected credit losses. The criteria for default may include any one of the following: on nonaccrual status, payment delinquency of 90 days or more, and/or risk rated doubtful or loss. Defaulted loans and leases with outstanding balances greater than $250,000 are reviewed individually for expected credit loss. Individually evaluated loans are measured at the present value of the expected future cash flows discounted at the loan's initial effective interest rate, unless the loans are collateral dependent, in which case loan impairment is based on the estimated fair value of the underlying collateral. A loan is considered collateral-dependent when the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral. The fair value of each loan’s collateral is generally based on estimated market prices from an independently prepared appraisal, which is then adjusted for the cost related to liquidating such collateral. An individually evaluated reserve and/or charge-off would be recognized when the present value of expected future cash flows or the fair value of the underlying collateral is below the amortized cost of the loan. If the measured amount of any individually reviewed loan exceeds its amortized cost, further review is required to determine whether a positive allowance should be added (but only up to amounts previously written off) to its amortized cost basis in order to reflect the net amount expected to be collected. Loan Modifications to Borrowers Experiencing Financial Difficulty. Loan modifications made to borrowers experiencing financial difficulty constitute modifications of receivables in the form of principal forgiveness, an interest rate reduction, an other-than-insignificant payment delay, or a term extension. ASU 2022-02 eliminated the concept of troubled debt restructurings and introduced broader modification reporting requirements. Previously, troubled debt restructurings included any type of modification that included a below market concession which was granted both to a borrower in financial difficulty and as a result of financial difficulty. Loan modifications made to borrowers experiencing financial difficulty no longer consider whether a market concession has been granted, as was required with troubled debt restructurings, but rather includes as modifications within the four listed reportable modification types to a borrower deemed to be experiencing financial difficulty. An assessment of whether a borrower is experiencing financial difficulty is made on the date of the modification. Loans reported in this classification have a rating of substandard or worse, and may include both accruing and nonaccruing loans. Loans are assessed to determine whether the modification constitutes a new loan or a continuation of the existing loan. Depending on the terms of the modification and nature of the borrower, this may result in a downgrade or placing a loan on nonaccrual status, which in turn would impact the loan's classification within the ALLL. Because the effect of most modifications made to borrowers experiencing financial difficulty is already included in the allowance for credit losses because of the measurement methodologies used to estimate the allowance, a change to the allowance for credit losses is generally not recorded upon modification. Allowance for Credit Losses on Loans and Leases Held for Investment The allowance for loan and lease losses is measured using the CECL approach for financial instruments measured at amortized cost and other commitments to extend credit. CECL requires the immediate recognition of estimated credit losses expected to occur over the estimated remaining life of the asset. The allowance for credit losses on loans and leases HFI is the combination of the allowance for loan and lease losses and the reserve for unfunded loan commitments. The allowance for loan and lease losses is reported as a reduction of the amortized cost basis of loans and leases, while the reserve for unfunded loan commitments is included within "Accrued interest payable and other liabilities" on the consolidated balance sheets. The amortized cost basis of loans and leases does not include accrued interest receivable, which is included in "Other assets" on the consolidated balance sheets. The "Provision for credit losses" on the consolidated statements of earnings (loss) is a combination of the provision for loan and lease losses, the provision for unfunded loan commitments, and the provision for HTM and AFS debt securities. Under the CECL methodology, expected credit losses reflect losses over the remaining contractual life of an asset, considering the effect of prepayments and available information about the collectability of cash flows, including information about relevant historical experience, current conditions, and reasonable and supportable forecasts of future events and circumstances. Thus, the CECL methodology incorporates a broad range of information in developing credit loss estimates. The resulting allowance for loan and lease losses is deducted from the associated amortized cost basis to reflect the net amount expected to be collected. Subsequent changes in this estimate are recorded through the provision for credit losses and the allowance. The CECL methodology could result in significant changes to both the timing and amounts of provision for credit losses and the allowance as compared to historical periods. Loans and leases that are deemed to be uncollectable are charged off and deducted from the allowance. The provision for credit losses and recoveries on loans and leases previously charged off are added to the allowance. The allowance for loan and lease losses is comprised of an individually evaluated component for loans and leases that no longer share similar risk characteristics with other loans and leases and a pooled loans component for loans and leases that share similar risk characteristics. Our CECL methodology for the collectively evaluated loans includes both quantitative and qualitative loss factors which are applied to our population of loans and leases and assessed at a pool level. Loans with similar risk characteristics are evaluated collectively using the quantitative models applying pool-specific probability of default ("PD") and loss given default ("LGD") rates to the expected exposure at default ("EAD") over the contractual life of loans and leases considering the effects of prepayments. The portfolios are segmented by major loan classes based upon loan types that share similar default risk characteristics. Historical loss experience, internal credit ratings, prepayments and economic forecast are incorporated into expected credit losses. Management uses probability weighted external forecasts to support the reasonable and supportable forecast. After that period, assumptions revert to our historical experience. The qualitative portion of the reserve on collectively evaluated loans and leases represents management's judgment of additional considerations to account for internal and external risk factors, conditions that may not be appropriately reflected in quantitatively derived results, or other relevant factors to ensure the allowance for credit losses reflects our best estimate of current expected credit losses. Current forecasted economic trends and underlying market values for collateral dependent loans are generally consider to be encompassed within the CECL quantitative reserve. An incremental qualitative adjustment may be considered when economic forecasts exhibit higher levels of volatility or uncertainty. The PDs calculated by the quantitative models are highly correlated to our internal risk ratings assigned to each loan and lease. To ensure the accuracy of our credit risk ratings, an independent credit review function assesses the appropriateness of the credit risk ratings assigned to loans and leases on a regular basis. The credit risk ratings assigned to every loan and lease are as follows: •High Pass (Risk ratings 1-2). Loans and leases rated as "high pass" exhibit a favorable credit profile and have minimal risk characteristics. Repayment in full is expected, even in adverse economic conditions. •Pass (Risk ratings 3-4.5). Loans and leases rated as "pass" are not adversely classified and collection and repayment in full are expected. •Special Mention (Risk rating 5). Loans and leases rated as "special mention" have a potential weakness that requires management's attention. If not addressed, these potential weaknesses may result in further deterioration in the borrower's ability to repay the loan or lease. •Substandard (Risk rating 6). Loans and leases rated as "substandard" have a well-defined weakness or weaknesses that jeopardize the collection of the debt. They are characterized by the possibility that we will sustain some loss if the weaknesses are not corrected. •Doubtful (Risk rating 7). Loans and leases rated as "doubtful" have all the weaknesses of those rated as "substandard," with the additional trait that the weaknesses make collection or repayment in full highly questionable and improbable. We may refer to the loans and leases with assigned credit risk ratings of "substandard" and "doubtful" together as "classified" loans and leases. For further information on classified loans and leases, see "Note 5. Loans and Leases." Expected credit losses on unfunded commitments are estimated using the same frameworks applied to the funded loans, adjusted for expected utilization. The CECL methodology requires a significant amount of management judgment in determining the appropriate allowance for credit losses. Most of the steps in the methodology involve judgment and are subjective in nature including, among other things: segmenting the loan and lease portfolio; determining the amount of loss history to consider; selecting predictive econometric regression models that use appropriate macroeconomic variables; determining the methodology to forecast prepayments; selecting the most appropriate economic forecast scenario or weighting of multiple scenarios; determining the length of the reasonable and supportable forecast and reversion periods; estimating expected utilization rates on unfunded loan commitments; and assessing relevant and appropriate qualitative factors. In addition, the CECL methodology is dependent on economic forecasts which are inherently imprecise and will change from period to period. Although the allowance for credit losses is considered appropriate, there can be no assurance that it will be sufficient to absorb future losses. Management believes the allowance for credit losses is appropriate for the current expected credit losses in our loan and lease portfolio and associated unfunded commitments, and the credit risk ratings and inherent loss rates currently assigned are reasonable and appropriate as of the reporting date. It is possible that others, given the same information, may at any point in time reach different conclusions that could result in a significant impact to the Company's consolidated financial statements. Land, Premises and Equipment Premises and equipment are stated at cost less accumulated depreciation and amortization. Land is carried at cost and not depreciated. Depreciation and amortization is charged to "Noninterest expense" in the consolidated statements of earnings (loss) using the straight‑line method over the estimated useful lives of the assets. The estimated useful lives of furniture, fixtures and equipment range from 3 years to 7 years and for buildings up to 40 years. Leasehold improvements are amortized over their estimated useful lives, or the life of the lease, whichever is shorter. Maintenance and repairs are expensed as incurred and improvements that extend the useful lives of assets are capitalized. Foreclosed Assets Foreclosed assets include OREO and repossessed non-real estate assets. Foreclosed assets are initially recorded at the estimated fair value of the property, based on current independent appraisals obtained at the time of acquisition, less estimated costs to sell, including senior obligations such as delinquent property taxes. The excess of the recorded loan balance over the estimated fair value of the property at the time of acquisition less estimated costs to sell is charged to the allowance for loan and lease losses. Any subsequent write‑downs are charged to "Noninterest expense" in the consolidated statements of earnings (loss) and recognized through a foreclosed assets valuation allowance. Subsequent increases in the fair value of the asset less selling costs reduce the foreclosed assets valuation allowance, but not below zero, and are credited to "Noninterest expense." Gains and losses on the sale of foreclosed assets and operating expenses of such assets are included in "Noninterest expense." Bank Owned Life Insurance The Bank has purchased life insurance policies on certain key employees. BOLI is recorded at the amount that can be realized under the insurance contract, which is the cash surrender value. Mortgage Servicing Rights Mortgage servicing rights ("MSRs") give us the contractual rights to receive service fees in exchange for performing loan servicing functions on behalf of investors who have an ownership interest in the loans being serviced. Purchased mortgage servicing rights are recorded at the purchase price at the time of acquisition, which approximates the fair value of such assets. Subsequent to acquisition, MSRs are accounted for under the amortization method and amortized over the period of estimated net servicing income (level yield method) generated from servicing the loans. MSRs are evaluated quarterly for impairment by estimating the fair value of the MSRs and comparing that value to their amortized cost. Impairment, if any, is recognized with a valuation allowance to the extent the fair value is less than the carrying value of the MSRs. Subsequent increases in the fair value of impaired MSRs are recognized only up to the amount of the previously recognized valuation allowance. The estimated fair value of the MSRs is obtained through independent third-party valuations based on an analysis of future cash flows, incorporating key assumptions including discount rates, prepayment speeds and interest rates. Income Taxes Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in earnings in the period that includes the enactment date. Any interest or penalties assessed by the taxing authorities is classified in the financial statements as income tax expense. We and our subsidiaries are subject to U.S. federal income tax as well as income tax in multiple state jurisdictions. Deferred tax assets and liabilities of the same jurisdiction, net of valuation allowances, are grouped together and reported net on the consolidated balance sheets. On a periodic basis, the Company evaluates its DTAs to assess whether they are expected to be realized in the future. This determination is based on currently available facts and circumstances, including our current and projected future tax positions, the historical level of our taxable income, and estimates of our future taxable income. In most cases, the realization of DTAs is based on our future profitability. To the extent our DTAs are not considered more likely than not to be realized, we are required to record a valuation allowance on our DTAs by charging earnings. The Company also evaluates existing valuation allowances periodically to determine if sufficient evidence exists to support an increase or reduction in the allowance. Goodwill and Other Intangible Assets Goodwill and other intangible assets arise from the acquisition method of accounting for business combinations. Goodwill generated from business combinations is not subject to amortization and instead is tested for impairment annually at the reporting unit level unless a triggering event occurs thereby requiring an updated assessment. Impairment may be tested by first assessing qualitative factors. If qualitative factors do not indicate impairment, the test is complete. However, if the qualitative factors indicate it is more-likely-than-not that goodwill is impaired, a quantitative test is performed. In accordance with ASC Topic 350, Intangibles – Goodwill and Other, the Company has an unconditional option to bypass the qualitative assessment and proceed directly to the quantitative assessment. If the Company elects to perform a qualitative assessment, there is no requirement for the Company to perform it for every reporting unit and there is no requirement for the qualitative assessment to be performed every period. In each period and for each reporting unit, the Company decides whether it will reduce costs and complexity to perform the optional qualitative assessment or to proceed directly to the quantitative test. Our regular annual impairment assessment occurs in the fourth quarter. Goodwill represents the excess of the purchase price over the fair value of the net assets and other identifiable intangible assets acquired. Impairment exists when the carrying value of the goodwill exceeds the fair value of the reporting unit. An impairment loss would be recognized in an amount equal to that excess as a charge to "Noninterest expense" in the consolidated statements of earnings (loss). Intangible assets with estimable useful lives are amortized over such useful lives to their estimated residual values. CDI and CRI are recognized apart from goodwill at the time of acquisition based on market valuations. In preparing such valuations, variables considered included deposit servicing costs, alternative cost of funds, attrition rates, and market discount rates. CDI assets are amortized to expense over their useful lives, which we have estimated to range from 7 to 10 years. CRI assets are amortized to expense over their useful lives, which we have estimated to range from 4 to 7 years. The amortization expense represents the estimated decline in the value of the underlying deposits or customer relationships acquired. Both CDI and CRI are reviewed for impairment quarterly for triggering events indicating their carrying values may not be recoverable. If the recoverable amount of either CDI or CRI is determined to be less than its carrying value, we would then measure the amount of impairment based on an estimate of the intangible asset’s fair value at that time. If the fair value is below the carrying value, then the intangible asset is reduced to such fair value; an impairment loss for such amount would be recognized as a charge to "Noninterest expense" in the consolidated statements of earnings (loss). Operating Leases As of December 31, 2025, the Company's operating leases related solely to our leased facilities. The Company determines whether an arrangement is a lease at contract inception. Operating leases with terms greater than 12 months are recognized as right-of-use ("ROU") assets and lease liabilities and are reported in other assets and accrued interest payable and other liabilities, respectively. The Company applies the short-term lease exemption to leases with an original term of less than 12 months, for which no ROU asset or lease liability is recorded. Lease and non-lease components are accounted for as a single lease component. ROU assets represent the Company's right to use an underlying asset for the lease term and lease liabilities represent the obligation to make lease payments. Operating lease ROU assets and liabilities are recognized at lease commencement based on the present value of lease payments over the lease term, discounted using the Company's incremental borrowing rate. ROU assets generally equal the lease liability, adjusted for prepaid lease payments, initial direct costs, and lease incentives. Certain lease agreements include variable payments based on changes in indices such as the CPI. Variable lease payments are recognized in the period incurred and do not result in remeasurement of ROU assets or lease liabilities. Lease terms may include options to extend or terminate the lease when it is reasonably certain such options will be exercised. Rent expense is recognized on a straight-line basis over the lease term and included in occupancy expense. The Company uses the long-lived assets impairment guidance under ASC Topic 360-10-35, "Property, Plant and Equipment," to determine whether an ROU asset is impaired, and if impaired, the amount of loss to recognize. Long-lived assets are tested for recoverability whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. These could include vacating the leased space, obsolescence, or physical damage to a facility. Under ASC Topic 842, "Leases," if an impairment loss is recognized, the adjusted carrying amount becomes the new new accounting basis as is amortized over the remaining lease term. Qualified Affordable Housing Partnership and Solar-Related Investments The Company invests in qualified affordable housing partnerships and records these investments using the proportional amortization method. Under the proportional amortization method, the Company amortizes the initial cost of the investment in proportion to the tax credits and other tax benefits received, and recognizes the amortization in "Income tax expense" on the consolidated statements of earnings (loss). Investments accounted for under the proportional amortization method are required to be tested for impairment when events or changes in circumstances indicate that it is more likely than not that the carrying amount of the investment will not be realized. We have provided lease financing for solar renewable electric generating facilities which provides us tax credits. The deferral method of accounting is used to record the tax credits related to these transactions. The investment tax credits are initially recorded as a reduction to the related investment and then amortized over the life of the investment to interest income. Stock-Based Compensation The Company issues stock-based compensation instruments consisting of RSUs, TRSAs and PSUs. Compensation expense related to RSUs and TRSAs is based on the fair value of the underlying stock on the award date and is recognized over the required service period using the straight‑line method. The market price of our voting common stock at the date of grant is used to determine the grant date fair value of restricted stock awards and units. For stock awards and units that contain a market condition, a Monte Carlo simulation valuation model is used to calculate the grant date fair value of such awards. Forfeitures of stock-based awards are recognized when they occur. Compensation expense related to PSUs is based on the fair value of the underlying stock on the award date and is amortized over the vesting period using the straight-line method unless it is determined that: (1) attainment of the financial metrics is less than probable, in which case a portion of the amortization is suspended, or (2) attainment of the financial metrics is improbable, in which case a portion of the previously recognized amortization is reversed and also suspended. PSUs expense may vary during the performance period based upon changes in management's estimate of the number of shares that may ultimately vest. In the case where the performance target for the PSUs is based on a market condition (such as total shareholder return), the amortization is neither reversed nor suspended if it is subsequently determined that the attainment of the performance target is less than probable or improbable and the employee continues to meet the service requirement of the award. Unvested RSUs participate with common stock in any dividends declared, but are only paid on the shares which ultimately vest, if any, at each vesting date. At the time of vesting, the vested shares are entitled to receive cumulative dividends declared and paid since the last vesting date of the award. Unvested TRSAs participate with common stock in any dividends declared and paid. Dividends are paid on unvested TRSAs and are charged to equity, and the related tax impact is recorded to income tax expense. Dividends paid on forfeited TRSAs are charged to compensation expense. Unvested PSUs participate with common stock in any dividends declared, but are only paid on the shares which ultimately vest, if any, at the end of the performance period. At the time of vesting, the vested shares are entitled to receive cumulative dividends declared and paid during the performance period. Such dividends are accrued during the performance period at the estimated level of shares to be received by the award holder. Derivative Instruments The Company uses derivatives to manage exposure to market risk, primarily foreign currency risk and IRR, and to assist customers with their risk management objectives. The Company uses foreign exchange contracts to manage the foreign exchange rate risk associated with certain foreign currency-denominated assets and liabilities. The objective is to manage the uncertainty of future foreign exchange rate fluctuations. These derivatives provide for a fixed exchange rate which has the effect of reducing or eliminating changes to anticipated cash flows to be received on assets and liabilities denominated in foreign currencies as the result of changes to exchange rates. Our foreign currency derivatives are not designated as accounting hedges and recorded at fair value in "Other assets" and "Accrued interest payable and other liabilities" in the consolidated balance sheets. The changes in fair value of our derivatives and the related interest are recognized in "Noninterest income - Other income" in the consolidated statements of earnings (loss). The Bank offers interest rate swap products to certain loan customers to allow them to hedge the risk of rising interest rates on their variable-rate loans. When such products are issued, we also enter into an offsetting swap with institutional counterparties to eliminate the IRR to us. These back-to-back swap agreements, which generate fee income for us, are intended to offset each other. We retain the credit risk of the original loan. The net cash flow for us is equal to the interest income received from a variable rate loan originated with the client plus a fee. These swaps are not designated as accounting hedges and are recorded at fair value in "Other assets" and "Accrued interest payable and other liabilities" in the consolidated balance sheets. The changes in fair value are recorded in "Noninterest income - Other income" in the consolidated statements of earnings (loss). In connection with negotiated credit facilities and certain other services, we may obtain equity warrant assets giving us the right to acquire stock in primarily private, venture-backed companies. We account for equity warrant assets as derivatives when they contain net settlement terms and other qualifying criteria under ASC 815. These equity warrant assets are measured at estimated fair value on a monthly basis and are classified as "Other assets" in the consolidated balance sheets at the time they are obtained. The Company uses interest rate swaps and interest rate collars to limit its exposure to IRR. The objective of these instruments is to offset the risks of changes in benchmark interest rates associated with floating rate deposits and borrowings. The Company applies hedge accounting for qualifying derivative instruments used to manage IRR. A cash flow hedge is a derivative instrument used to manage the variability in future expected cash flows that would otherwise be impacted by movements in interest rates. To quality for hedge accounting, the cash flow hedge must be highly effective at reducing the risk associated with the hedged exposure. The effectiveness of the hedging relationship is documented at inception and is monitored at least quarterly through the life of the transaction. A cash flow hedge that is designated as highly effective is carried at fair value in "Other assets" or "Accrued interest payable and other liabilities" in the consolidated balance sheets with the change in fair value recorded in accumulated other comprehensive loss, net (“AOCI”) and subsequently recognized in earnings in the same period that the hedged forecasted transaction affects earnings. At that time, the amount reclassified from AOCI is presented in the same income statement line item in which the hedged transaction is reported (interest income or expense). If the cash flow hedge becomes ineffective, the change in fair value is reclassified from AOCI to earnings. Cash flows from cash flow hedges are classified as operating activities in the statement of cash flows. We classify both the earnings and cash flow impact from these derivatives consistent with the underlying hedged item. Derivative instruments expose us to credit risk in the event of nonperformance by counterparties. This risk exposure consists primarily of the fair value of agreements where we are in a favorable position. We manage the credit risk associated with various derivative agreements through counterparty credit review and monitoring procedures. For further information regarding this item, see "Note 12. Derivatives" under the Basis of Financial Statement Presentation for more information regarding derivative instruments. Transfers of Financial Asset Transfers of financial assets are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is generally considered to have been surrendered when (i) the transferred assets are legally isolated from us or our consolidated affiliates, even in bankruptcy or other receivership, (ii) the transferee has the right to pledge or exchange the assets with no conditions that constrain the transferee or provide more than a trivial benefit to us, and (iii) we do not maintain an obligation or the unilateral ability to reclaim or repurchase the assets. We have sold financial assets in the normal course of business including individual or portfolio loans and securities sales. In accordance with accounting guidance for asset transfers, we consider any ongoing involvement with transferred assets in determining whether the assets can be derecognized from the balance sheet. With the exception of servicing and certain performance-based guarantees, our continuing involvement with financial assets sold is minimal and generally limited to market customary representation and warranty clauses. Comprehensive Income (Loss) Comprehensive income (loss) consists of net earnings (loss); changes in the net unrealized gains (losses) on AFS debt securities, net; changes in the net unrealized loss on securities transferred to HTM, net; changes in the fair value of credit-linked notes; and changes in the fair value of cash flow hedges, net, and is presented in the consolidated statements of comprehensive income (loss). Earnings (Loss) Per Common Share Earnings (loss) per common share (“EPS”) is computed under the two-class method. Basic EPS is computed by dividing net income (loss) allocated to common stockholders by the weighted average number of shares outstanding. Net income (loss) allocated to common stockholders is computed by subtracting income (loss) allocated to participating securities, participating securities dividends, preferred stock dividends and preferred stock redemptions from net income. All unvested restricted stock awards and NVCE shares that contain rights to non-forfeitable dividends are considered participating securities. In the two-class method, the amount of our earnings (loss) available to common stockholders is divided by the weighted average shares outstanding, excluding any unvested restricted stock. Diluted EPS is calculated using the more dilutive of either the treasury method or the two-class method. The dilutive calculation considers common stock issuable under the assumed exercise of warrants, as well as performance-based RSUs granted under the Company’s stock plans using the treasury stock method, if dilutive. Diluted EPS is computed by dividing net income (loss) allocated to common stockholders by the weighted average number of shares outstanding, adjusted for the dilutive effect, if any, of unvested restricted stock and units and outstanding warrants. Business Combinations Business combinations are accounted for under the acquisition method of accounting in accordance with ASC Topic 805, “Business Combinations.” Under the acquisition method, the acquiring entity in a business combination recognizes 100 percent of the acquired assets and assumed liabilities, regardless of the percentage owned, at their estimated fair values as of the date of acquisition. Any excess of the purchase price over the fair value of net assets and other identifiable intangible assets acquired is recorded as goodwill. To the extent the fair value of net assets acquired, including other identifiable assets, exceeds the purchase price, a bargain purchase gain is recognized. Assets acquired and liabilities assumed from contingencies must also be recognized at fair value, if the fair value can be determined during the measurement period. Results of operations of an acquired business are included in the consolidated statements of earnings (loss) from the date of acquisition. Acquisition‑related costs, including conversion and restructuring charges, are expensed as incurred. Business Segments We regularly assess our strategic plans, operations, reporting structures and financial information provided to management to identify our reportable segments. We operated as one reportable segment - Commercial Banking. The factors considered in making this determination include the nature of products and services offered, geographic regions in which we operate and how information is reviewed by our CODM. See "Note 24. Segment Reporting." Advertising Costs Advertising costs are expensed as incurred.

Condensed Financial Information Of Parent Company

12 Months Ended

Dec. 31, 2025

Condensed Financial Information Of Parent Company

NOTE 23. CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY

The following tables present the parent company only condensed balance sheets and the related condensed statements of earnings (loss) and condensed statements of cash flows as of and for the years indicated:


Parent Company Only	December 31,
Condensed Balance Sheets	2025		2024
	(In thousands)
Assets:
Cash and cash equivalents	$	159,701	$	192,255
Investments in subsidiaries	3,513,121		3,570,039
Other assets	92,584		134,799
Total assets	$	3,765,406	$	3,897,093
Liabilities:
Borrowings	$	—	$	172,976
Subordinated debt	216,369		214,709
Other liabilities	7,760		9,459
Total liabilities	224,129		397,144
Stockholders’ equity	3,541,277		3,499,949
Total liabilities and stockholders’ equity	$	3,765,406	$	3,897,093


Parent Company Only	Year Ended December 31,
Condensed Statements of Earnings (Loss)	2025		2024		2023
	(In thousands)
Miscellaneous income	$	4,576	$	6,601	$	8,978
Dividends from Bank subsidiary	430,000		80,000		46,000
Total income	434,576		86,601		54,978
Interest expense	19,551		29,217		12,067
Operating expenses	5,011		4,716		11,944
Total expenses	24,562		33,933		24,011
Earnings before income taxes and equity in undistributed earnings of subsidiaries	410,014		52,668		30,967
Income tax benefit	7,049		8,463		4,455
Earnings before equity in undistributed earnings of subsidiaries	417,063		61,131		35,422
Equity in undistributed (loss) earnings of subsidiaries	(188,090)		65,757		(1,934,559)
Net earnings (loss)	228,973		126,888		(1,899,137)
Preferred stock dividends	39,788		39,788		39,788
Net earnings (loss) available to common and equivalent stockholders	$	189,185	$	87,100	$	(1,938,925)


Parent Company Only	Year Ended December 31,
Condensed Statements of Cash Flows	2025		2024		2023
	(In thousands)
Cash flows from operating activities:
Net earnings (loss)	$	228,973	$	126,888	$	(1,899,137)
Adjustments to reconcile net earnings (loss) to net cash
provided by (used in) operating activities:
Depreciation and amortization	2,684		4,608		378
Change in other assets	(3,438)		(42,141)		(466,018)
Change in liabilities	(3,168)		(22,063)		20,907

Earned stock compensation	23,352		15,448		28,697
Equity in undistributed loss (earnings) of subsidiaries	188,090		(65,757)		1,934,559
Net cash provided by (used in) operating activities	436,493		16,983		(380,614)

Cash flows from investing activities:

Cash acquired in acquisitions, net of consideration paid	—		—		26,310
Net cash provided by investing activities	—		—		26,310

Cash flows from financing activities:
Restricted stock surrendered	(3,714)		(2,708)		(5,419)
Repayments of borrowings	(174,000)		—		—
Net proceeds from stock issuance	—		—		382,900
Exercise of options	77		—		—
Common shares purchased under the Dividend Reinvestment Plan	—		308		69
Common shares repurchased under Stock Repurchase Program	(187,727)		—		—
Preferred stock dividends paid	(39,788)		(39,788)		(39,788)
Common stock dividends paid	(63,895)		(68,298)		(48,881)
Net cash (used in) provided by financing activities	(469,047)		(110,486)		288,881
Net decrease in cash and cash equivalents	(32,554)		(93,503)		(65,423)
Cash and cash equivalents, beginning of year	192,255		285,758		351,181
Cash and cash equivalents, end of year	$	159,701	$	192,255	$	285,758

Investment Securities (Tables)

12 Months Ended

Dec. 31, 2025

Investments, Debt and Equity Securities [Abstract]

Schedule of Available-for-sale Securities Reconciliation

The following tables present amortized cost, gross unrealized gains and losses, and fair values of AFS securities as of the dates indicated:


	December 31, 2025
			Allowance				Gross		Gross
	Amortized		for Credit		Net Carrying		Unrealized		Unrealized		Fair
Security Type	Cost		Losses		Amount		Gains		Losses		Value
	(In thousands)
Agency residential MBS	$	972,161	$	—	$	972,161	$	—	$	(138,076)	$	834,085
Agency commercial MBS	52,022		—		52,022		44		(1,100)		50,966

Agency residential CMOs	883,067		—		883,067		3,857		(15,300)		871,624

Corporate debt securities	257,236		(775)		256,461		576		(15,441)		241,596
Private label residential CMOs	254,787		—		254,787		522		(26,334)		228,975
Collateralized loan obligations	200,519		—		200,519		303		—		200,822
Private label commercial MBS	9,746		—		9,746		—		(467)		9,279
Asset-backed securities	13,242		—		13,242		7		—		13,249
SBA securities	3,634		—		3,634		—		(172)		3,462
Total (1)	$	2,646,414	$	(775)	$	2,645,639	$	5,309	$	(196,890)	$	2,454,058

_________________________

(1) Excludes accrued interest receivable of $11.4 million at December 31, 2025 which is recorded in "Other assets" on the consolidated balance sheets.


	December 31, 2024
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
Security Type	Cost		Gains		Losses		Value
	(In thousands)
Agency residential MBS	$	1,051,601	$	—	$	(189,761)	$	861,840
Agency commercial MBS	52,610		—		(1,046)		51,564
Agency residential CMOs	467,319		223		(20,911)		446,631
Municipal securities	602		—		(8)		594
Corporate debt securities	289,098		—		(31,386)		257,712
Private label residential CMOs	352,615		7		(35,712)		316,910
Collateralized loan obligations	278,976		469		(29)		279,416
Private label commercial MBS	13,585		—		(1,213)		12,372
Asset-backed securities	15,674		—		(74)		15,600
SBA securities	4,564		—		(364)		4,200

Total (1)	$	2,526,644	$	699	$	(280,504)	$	2,246,839

_________________________

(1) Excludes accrued interest receivable of $12.6 million at December 31, 2024 which is recorded in "Other assets" on the consolidated balance sheets.

Schedule of Realized Gain (Loss)

The following table presents the amortized cost of securities sold with related gross realized gains, gross realized losses, and net realized (losses) gains for the years indicated:


	Year Ended December 31,
Sales of Securities Available-for-Sale	2025		2024		2023
	(In thousands)
Amortized cost of securities sold	$	—	$	753,738	$	3,470,424

Gross realized gains	$	—	$	1,396	$	—
Gross realized losses	—		(61,796)		(442,413)
Net realized losses	$	—	$	(60,400)	$	(442,413)

Investments Classified by Contractual Maturity Date, Available-For-Sale

The following tables present the contractual maturities of our AFS securities portfolio based on amortized cost and fair value as of the dates indicated:


	December 31, 2025
	Due Within		Due after One Year		Due After Five Years		Due After
Security Type	One Year		Through Five Years		Through Ten Years		Ten Years		Total
	(In thousands)
Amortized Cost:
Agency residential MBS	$	—	$	—	$	—	$	972,161	$	972,161

Agency commercial MBS	—		40,168		—		11,854		52,022
Agency residential CMOs	—		—		13,691		869,376		883,067

Corporate debt securities	10,750		47,677		198,809		—		257,236
Private label residential CMOs	—		—		—		254,787		254,787
Collateralized loan obligations	—		208		93,763		106,548		200,519
Private label commercial MBS	—		—		5,928		3,818		9,746
Asset-backed securities	—		—		—		13,242		13,242
SBA securities	—		—		3,634		—		3,634
Total	$	10,750	$	88,053	$	315,825	$	2,231,786	$	2,646,414


	December 31, 2025
	Due Within		Due after One Year		Due After Five Years		Due After
Security Type	One Year		Through Five Years		Through Ten Years		Ten Years		Total
	(In thousands)
Fair Value:
Agency residential MBS	$	—	$	—	$	—	$	834,085	$	834,085

Agency commercial MBS	—		40,193		—		10,773		50,966
Agency residential CMOs	—		—		13,792		857,832		871,624

Corporate debt securities	10,750		47,033		183,813		—		241,596
Private label residential CMOs	—		—		—		228,975		228,975
Collateralized loan obligations	—		208		93,793		106,821		200,822
Private label commercial MBS	—		—		5,638		3,641		9,279
Asset-backed securities	—		—		—		13,249		13,249
SBA securities	—		—		3,462		—		3,462
Total	$	10,750	$	87,434	$	300,498	$	2,055,376	$	2,454,058

Debt Securities, Held-to-maturity

The following tables present amortized cost, allowance for credit losses, gross unrealized gains and losses, and fair values of HTM securities as of the dates indicated:


	December 31, 2025
	Amortized		Allowance for		Net Carrying		Gross Unrealized		Gross Unrealized		Fair
Security Type	Cost		Credit Losses		Amount		Gains		Losses		Value
	(In thousands)

Municipal securities	$	1,237,792	$	(20)	$	1,237,772	$	2,052	$	(20,713)	$	1,219,111
Agency commercial MBS	447,283		—		447,283		—		(19,645)		427,638
Private label commercial MBS	360,382		—		360,382		—		(9,606)		350,776
U.S. Treasury securities	193,022		—		193,022		—		(7,934)		185,088
Corporate debt securities	70,852		(675)		70,177		—		(6,264)		63,913





Total (1)	$	2,309,331	$	(695)	$	2,308,636	$	2,052	$	(64,162)	$	2,246,526

__________________________

(1) Excludes accrued interest receivable of $13.4 million at December 31, 2025 which is recorded in "Other assets" on the consolidated balance sheets.


	December 31, 2024
	Amortized		Allowance for		Net Carrying		Gross Unrealized		Gross Unrealized		Fair
Security Type	Cost		Credit Losses		Amount		Gains		Losses		Value
	(In thousands)

Municipal securities	$	1,251,364	$	(140)	$	1,251,224	$	35	$	(54,799)	$	1,196,460
Agency commercial MBS	440,476		—		440,476		—		(37,840)		402,636
Private label commercial MBS	355,342		—		355,342		—		(26,226)		329,116
U.S. Treasury securities	189,985		—		189,985		—		(16,702)		173,283
Corporate debt securities	70,482		(1,360)		69,122		—		(13,923)		55,199





Total (1)	$	2,307,649	$	(1,500)	$	2,306,149	$	35	$	(149,490)	$	2,156,694

__________________________

(1) Excludes accrued interest receivable of $13.4 million at December 31, 2024 which is recorded in "Other assets" on the consolidated balance sheets.

Debt Securities, Held-to-maturity, Allowance for Credit Loss

The following tables present the changes by major security type in our allowance for credit losses on HTM securities for the years: indicated:


	Year Ended December 31, 2025
	Allowance for		Provision						Allowance for
	Credit Losses,		for						Credit Losses,
	Beginning		Credit						End of
Security Type	of Period		Losses		Charge-offs		Recoveries		Period
	(In thousands)

Municipal securities	$	140	$	(120)	$	—	$	—	$	20
Corporate debt securities	1,360		(685)		—		—		675
Total	$	1,500	$	(805)	$	—	$	—	$	695

	Year Ended December 31, 2024
	Allowance for		Provision						Allowance for
	Credit Losses,		for						Credit Losses,
	Beginning		Credit						End of
Security Type	of Period		Losses		Charge-offs		Recoveries		Period
	(In thousands)
Municipal securities	$	140	$	—	$	—	$	—	$	140
Corporate debt securities	1,360		—		—		—		1,360
Total	$	1,500	$	—	$	—	$	—	$	1,500

Debt Securities, Held-to-maturity, Credit Quality Indicator

The Company uses S&P, Moody's, Fitch, Kroll, and Egan Jones ratings as the credit quality indicators for its HTM securities. The following tables present our HTM securities portfolio by the lowest available credit rating as of the dates indicated:


	December 31, 2025
Security Type	AAA		AA+		AA		AA-		BBB		NR		Total
	(In thousands)
Amortized Cost:
Municipal securities	$	567,140	$	363,823	$	220,823	$	84,302	$	1,704	$	—	$	1,237,792
Agency commercial MBS	—		447,283		—		—		—		—		447,283

Private label commercial MBS	360,382		—		—		—		—		—		360,382
U.S. Treasury securities	—		193,022		—		—		—		—		193,022
Corporate debt securities	—		—		—		—		44,646		26,206		70,852
Total	$	927,522	$	1,004,128	$	220,823	$	84,302	$	46,350	$	26,206	$	2,309,331


	December 31, 2024
Security Type	AAA		AA+		AA		AA-		A		BBB		NR		Total
	(In thousands)
Amortized Cost:
Municipal securities	$	571,347	$	369,072	$	218,581	$	72,952	$	1,667	$	—	$	17,745	$	1,251,364

Agency commercial MBS	—		440,476		—		—		—		—		—		440,476

Private label commercial MBS	355,342		—		—		—		—		—		—		355,342

U.S. Treasury securities	—		189,985		—		—		—		—		—		189,985

Corporate debt securities	—		—		—		—		—		44,507		25,975		70,482
Total	$	926,689	$	999,533	$	218,581	$	72,952	$	1,667	$	44,507	$	43,720	$	2,307,649

Investment Securities Classified by Contractual Maturities Date - Held-to-Maturity

The following tables present the contractual maturities of our HTM securities portfolio based on amortized cost and fair value as of the dates indicated:


	December 31, 2025
	Due Within		Due after One Year		Due After Five Years		Due After
Security Type	One Year		Through Five Years		Through Ten Years		Ten Years		Total
	(In thousands)
Amortized Cost:

Municipal securities	$	—	$	149,636	$	380,067	$	708,089	$	1,237,792
Agency commercial MBS	—		69,306		377,977		—		447,283
Private label commercial MBS	—		—		37,304		323,078		360,382
U.S. Treasury securities	—		—		193,022		—		193,022
Corporate debt securities	—		—		53,719		17,133		70,852





Total	$	—	$	218,942	$	1,042,089	$	1,048,300	$	2,309,331


	December 31, 2025
	Due Within		Due after One Year		Due After Five Years		Due After
Security Type	One Year		Through Five Years		Through Ten Years		Ten Years		Total
	(In thousands)
Fair Value:

Municipal securities	$	—	$	148,682	$	377,094	$	693,335	$	1,219,111
Agency commercial MBS	—		67,249		360,389		—		427,638
Private label commercial MBS	—		—		36,419		314,357		350,776
U.S. Treasury securities	—		—		185,088		—		185,088
Corporate debt securities	—		—		49,395		14,518		63,913





Total	$	—	$	215,931	$	1,008,385	$	1,022,210	$	2,246,526

Investment Income

The following table presents the composition of our interest income on investment securities for the years indicated:


	Year Ended December 31,
	2025		2024		2023
	(In thousands)
Taxable interest	$	126,885	$	114,656	$	150,710
Non-taxable interest	17,815		18,594		19,479
Dividend income	8,626		7,544		4,807
Total interest income on investment securities	$	153,326	$	140,794	$	174,996

Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value

Unrealized Losses on Securities Available-for-Sale

The following tables present the gross unrealized losses and fair values of AFS securities that were in unrealized loss positions as of the dates indicated:


	December 31, 2025
	Less Than 12 Months				12 Months or More				Total
			Gross				Gross				Gross
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
Security Type	Value		Losses		Value		Losses		Value		Losses
	(In thousands)
Agency residential MBS	$	—	$	—	$	834,085	$	(138,076)	$	834,085	$	(138,076)

Agency commercial MBS	4,994		(6)		32,006		(1,094)		37,000		(1,100)
Agency residential CMOs	70,270		(117)		101,501		(15,183)		171,771		(15,300)

Corporate debt securities	—		—		188,545		(15,441)		188,545		(15,441)
Private label residential CMOs	19,672		(8)		127,020		(26,326)		146,692		(26,334)

Private label commercial MBS	—		—		9,279		(467)		9,279		(467)

SBA securities	—		—		3,462		(172)		3,462		(172)
Total	$	94,936	$	(131)	$	1,295,898	$	(196,759)	$	1,390,834	$	(196,890)


	December 31, 2024
	Less Than 12 Months				12 Months or More				Total
			Gross				Gross				Gross
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
Security Type	Value		Losses		Value		Losses		Value		Losses
	(In thousands)
Agency residential MBS	$	—	$	—	$	861,840	$	(189,761)	$	861,840	$	(189,761)

Agency commercial MBS	40,291		(87)		11,273		(959)		51,564		(1,046)
Agency residential CMOs	273,347		(1,994)		104,757		(18,917)		378,104		(20,911)
Municipal securities	—		—		594		(8)		594		(8)
Corporate debt securities	15,968		(32)		241,744		(31,354)		257,712		(31,386)
Private label residential CMOs	180,915		(1,031)		129,178		(34,681)		310,093		(35,712)
Collateralized loan obligations	38,771		(29)		—		—		38,771		(29)
Private label commercial MBS	—		—		12,372		(1,213)		12,372		(1,213)
Asset-backed securities	15,600		(74)		—		—		15,600		(74)
SBA securities	—		—		4,200		(364)		4,200		(364)
Total	$	564,892	$	(3,247)	$	1,365,958	$	(277,257)	$	1,930,850	$	(280,504)

Fair Value Measurements Carrying Amounts and Estimated Fair Values (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Dec. 31, 2023

Dec. 31, 2022

Reported Value Measurement

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, after Allowance for Credit Loss

$ 2,246,526

$ 2,156,694

Interest-earning deposits in financial institutions

181,103

192,006

2,126,862

2,310,206

(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)

2,454,058

2,246,839

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, after Allowance for Credit Loss

2,308,636

^[1]

2,306,149

Securities available-for-sale, at fair value

2,454,058

FRB and FHLB stock, at cost

160,442

147,773

Investment in Federal Home Loan Bank Stock, Fair Value Disclosure

160,442

147,773

Warrants and Rights Outstanding

23,871,794

3,763

23,156,094

22,625,485

Time Deposits

4,687,263

4,566,424

Borrowings (including $113,634 and $118,838 at fair value, respectively)

4,684,099

4,556,575

2,063,819

1,391,814

Subordinated Debt Obligations, Fair Value Disclosure

2,069,076

1,382,742

Subordinated debt

952,740

941,923

$ 934,819

$ 901,532

Derivative Liability Statement Of Financial Position Extensible Enumeration Not Disclosed Flag

Interest rate and foreign exchange contracts

Derivative Liabilities

$ 4,156

$ 7,562

17,480

19,623

2,246,526

^[1]

2,156,694

182,936

26,331

Interest rate and foreign exchange contracts

183,083

26,562

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Derivative Assets

4,124

7,031

Level 1

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Interest-earning deposits in financial institutions

181,103

192,006

2,126,862

2,310,206

Investment in Federal Home Loan Bank Stock, Fair Value Disclosure

Subordinated Debt Obligations, Fair Value Disclosure

275,185

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Level 2

Interest-earning deposits in financial institutions

Investment in Federal Home Loan Bank Stock, Fair Value Disclosure

160,442

147,773

23,156,094

22,625,485

4,684,099

4,556,575

Subordinated Debt Obligations, Fair Value Disclosure

1,680,257

1,263,904

934,819

901,532

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

183,083

26,562

Level 3

Interest-earning deposits in financial institutions

Investment in Federal Home Loan Bank Stock, Fair Value Disclosure

Warrants Not Settleable in Cash, Fair Value Disclosure

23,823,393

3,437

3,763

$ 3,689

$ 4,048

Subordinated Debt Obligations, Fair Value Disclosure

113,634

118,838

NonPCI and PCI Loans [Member]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

NonPCI and PCI Loans [Member] | Level 1

22,412,073

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

NonPCI and PCI Loans [Member] | Level 2

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

NonPCI and PCI Loans [Member] | Level 3

48,401

45,962

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

22,366,111

Fair Value, Recurring

(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)

2,454,058

Warrants Not Settleable in Cash, Fair Value Disclosure

3,437

3,763

Cash flow hedges in Cash, Fair Value Disclosure, Liabilities

4,065

1,442

4,156

7,562

Fair Value, Recurring | Interest rate and foreign exchange contracts

19,427

21,040

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Fair Value, Recurring | Level 1

4,124

7,031

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, after Allowance for Credit Loss

185,088

173,283

Warrants Not Settleable in Cash, Fair Value Disclosure

Cash flow hedges in Cash, Fair Value Disclosure, Liabilities

Fair Value, Recurring | Level 1 | Interest rate and foreign exchange contracts

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Fair Value, Recurring | Level 2

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)

2,451,688

2,244,709

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, after Allowance for Credit Loss

2,057,189

1,976,265

Warrants Not Settleable in Cash, Fair Value Disclosure

Cash flow hedges in Cash, Fair Value Disclosure, Liabilities

4,065

1,442

4,156

7,562

Fair Value, Recurring | Level 2 | Interest rate and foreign exchange contracts

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Fair Value, Recurring | Level 3

4,124

7,031

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)

2,370

2,130

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, after Allowance for Credit Loss

4,249

7,146

Warrants Not Settleable in Cash, Fair Value Disclosure

3,437

3,763

Cash flow hedges in Cash, Fair Value Disclosure, Liabilities

Fair Value, Recurring | Level 3 | Interest rate and foreign exchange contracts

19,427

21,040

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Supplemental Balance Sheet Disclosures

$ 0

[1]	Excludes accrued interest receivable of $13.4 million at December 31, 2025 which is recorded in "Other assets" on the consolidated balance shee

Condensed Financial Information Of Parent Company Condensed Financial Information Of Parent Company (Details 2) - USD ($) $ in Thousands		3 Months Ended	12 Months Ended
	Jun. 06, 2022	Dec. 31, 2024	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Condensed Financial Statements, Captions [Line Items]
Net earnings (loss)			$ 228,973	$ 126,888	$ (1,899,137)
Cash Provided by (Used in) Operating Activity, Continuing Operation [Abstract]
Decrease (increase) in other assets			53,522	167,973	(214,614)
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation [Abstract]
Restricted stock surrendered				(2,708)	(5,419)
Net proceeds from preferred stock offering	$ 498,500
Payments for Repurchase of Common Stock			0
Common stock dividends paid				(68,298)	(48,881)
Cash acquired in acquisitions, net of cash consideration paid			0	0	335,319
Common stock ($0.01 par value, 158,557,735 shares issued and 158,346,529 outstanding at December 31, 2024 ; 157,651,752 shares issued and 156,790,349 outstanding at December 31, 2023)			0	0	382,900
Parent Only
Condensed Financial Statements, Captions [Line Items]
Net earnings (loss)			228,973	126,888	(1,899,137)
Depreciation, Depletion and Amortization			2,684	4,608	378
Cash Provided by (Used in) Operating Activity, Continuing Operation [Abstract]
Decrease (increase) in other assets			(3,438)	(42,141)	(466,018)
Increase (Decrease) in Operating Liabilities			(3,168)	(22,063)	20,907
Earned stock compensation			23,352	15,448	28,697
Income (Loss) from Equity Method Investments, Net of Dividends or Distributions			188,090	(65,757)	1,934,559
Net cash provided by operating activities			436,493	16,983	(380,614)
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation [Abstract]
Cash Provided by (Used in) Investing Activity, Continuing Operation			0	0	26,310
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation [Abstract]
Restricted stock surrendered			(3,714)	(2,708)	(5,419)
Net cash provided by (used in) financing activities			(469,047)	(110,486)	288,881
Cash Provided by (Used in) Continuing Operation			(32,554)	(93,503)	(65,423)
Cash and Cash Equivalent		$ 192,255	159,701	192,255	285,758	$ 351,181
Payments for Repurchase of Common Stock			187,727
Preferred stock dividends paid			(39,788)	(39,788)	(39,788)
Common stock dividends paid			(63,895)	(68,298)	(48,881)
Cash acquired in acquisitions, net of cash consideration paid		$ 0	0		26,310
Common stock ($0.01 par value, 158,557,735 shares issued and 158,346,529 outstanding at December 31, 2024 ; 157,651,752 shares issued and 156,790,349 outstanding at December 31, 2023)			0	0	382,900
Stock Issued During Period, Value, Stock Options Exercised			77
Repayments of Debt			(174,000)
Parent Only \| Dividend Reinvestment Plan
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation [Abstract]
Payments for Repurchase of Common Stock			$ 0	$ 308	$ 69

Leases Leases (Tables)

12 Months Ended

Dec. 31, 2025

Leases [Abstract]

Lease, Cost

The following table presents the components of lease expense for the years indicated:


	Year Ended December 31,
	2025		2024		2023
	(In thousands)
Operating Lease Expense:
Fixed costs	$	28,350	$	33,298	$	33,672
Variable costs	250		524		217
Short-term lease costs	911		625		831
Sublease income	(4,465)		(4,753)		(2,081)
Net lease expense	$	25,046	$	29,694	$	32,639

The following table presents supplemental cash flow information related to leases for the years indicated:


	Year Ended December 31,
	2025		2024		2023
	(In thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	31,881	$	37,333	$	37,064
ROU assets obtained in exchange for lease obligations:
Operating leases	$	26,723	$	5,429	$	39,985

The following table presents supplemental balance sheet and other information related to operating leases as of the date indicated:


	December 31,
	2025			2024
	(Dollars in thousands)
Operating leases:
Operating lease right-of-use assets, net	$	99,205		$	100,092
Operating lease liabilities	$	120,587		$	124,355

Weighted average remaining lease term (in years)	5.8			5.9
Weighted average discount rate	3.79		%	3.53		%

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

The following table presents the maturities of operating lease liabilities as of the date indicated:


	December 31, 2025
	(In thousands)
Year Ending December 31,
2026	$	30,685
2027	24,920
2028	21,293
2029	17,593
2030	13,910
Thereafter	26,669
Total operating lease liabilities	135,070
Less: Imputed interest	(14,483)
Present value of operating lease liabilities	$	120,587

Lessor, Operating Lease, Payments to be Received, Maturity [Table Text Block]

The following table presents the contractual rental payments to be received on operating leases as of the date indicated:


	December 31, 2025
	(In thousands)
Year Ending December 31,
2026	$	32,163
2027	28,762
2028	26,849
2029	24,917
2030	18,248
Thereafter	27,737
Total undiscounted cash flows	$	158,676

Benefit Plans	12 Months Ended
Benefit Plans	Dec. 31, 2025
Benefit Plans [Abstract]
Benefits Plans	NOTE 20. BENEFIT PLANS 401(k) Plans The Company sponsors a defined contribution plan whereby all employees may participate. Employees may contribute up to 100% of their annual compensation, subject to certain limits imposed by the Internal Revenue Code. Employer contributions are determined annually by the Board of Directors in accordance with plan requirements and applicable tax code. Plan participants are immediately vested in matching contributions received from the Company. The Company matches 100% of the first 4% of the employee's deferral rate not to exceed 4% of the employee's compensation. Expense related to 401(k) employer matching contributions was $8.5 million, $7.5 million, and $7.7 million for the years ended December 31, 2025, 2024, and 2023.

The entire disclosure for retirement benefits.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (o)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (p)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (q)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 60
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480266/715-60-50-3

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480126/715-20-S99-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 70
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480794/715-70-50-1

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480482/715-20-55-17

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(iv)(03)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (l)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/715/tableOfContent

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (r)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (r)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Loans and Leases Collateral-Dependent (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Financing Receivable, Allowance for Credit Loss [Line Items]
Collateral-dependent Finance Receivable	$ 155,858	$ 177,930
Mortgages [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Collateral-dependent Finance Receivable	155,233	167,060
Consumer Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Collateral-dependent Finance Receivable	625	10,870
Real Estate Properties [Domain]
Financing Receivable, Allowance for Credit Loss [Line Items]
Collateral-dependent Finance Receivable	155,233	167,060
Real Estate Properties [Domain] \| Mortgages [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Collateral-dependent Finance Receivable	155,233	167,060
Real Estate Properties [Domain] \| Consumer Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Collateral-dependent Finance Receivable	0	0
Business Assets
Financing Receivable, Allowance for Credit Loss [Line Items]
Collateral-dependent Finance Receivable	625	10,870
Business Assets \| Mortgages [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Collateral-dependent Finance Receivable	0	0
Business Assets \| Consumer Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Collateral-dependent Finance Receivable	$ 625	$ 10,870

Income Taxes (Details 2) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Income Tax Disclosure [Abstract]
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Provision for Loan Losses	$ 78,989	$ 78,096
Interest on nonaccrual loans	6,596	4,569
Business Combination, Acquired Receivable, Purchased without Credit Deterioration, Fair Value	43,637	65,100
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Employee Compensation	4,490	4,902
Deferred tax assets, unrealized losses on other real estate owned	86	335
Deferred Tax Assets, Operating Loss Carryforwards	261,014	292,843
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Accrued Liabilities	88,077	102,232
Unrealized Loss From FDIC Assisted Acquisitions	503	413
Deferred Tax Assets, Goodwill and Intangible Assets	64,512	73,863
Tax Credit Carryforward, Deferred Tax Asset	164,071	130,522
Lease liability	33,421	35,447
Deferred Tax Assets, Unrealized Losses on Available-for-Sale Securities, Gross	54,454	79,977
Debt Securities, Held-to-maturity, Transfer, Unrealized Gain (Loss)	51,006	62,162
Deferred Tax Assets, Other	2,891	3,159
FDIC Indemnification Asset	1,779	7,028
Deferred Tax Assets, Gross	855,753	940,898
Deferred Tax Assets, Valuation Allowance	(16,065)	(19,015)
Deferred Tax Assets, Net of Valuation Allowance	839,688	921,883
Deferred Tax Liabilities, Goodwill and Intangible Assets	20,367	27,292
Deferred Tax Liabilities, Tax Deferred Income	861	2,193
Deferred Tax Liabilities, Property, Plant and Equipment	2,181	5,710
Deferred Tax Liabilities, Regulatory Assets	570	553
Deferred Tax Liabilities, Subordinated Debt	13,118	14,789
Deferred Tax Liabilities, Investment in Noncontrolled Affiliates	12,375	9,695
Deferred Tax Liabilities, Leasing Arrangements	103,633	110,415
Unrealized Gain (Loss) on Credit-linked Notes	1,706	1,452
ROU assets	28,122	29,197
Deferred Tax Liabilities, Gross	182,933	201,296
Deferred Tax Asset (Liability)	656,755	720,587
Deferred Tax Assets, Investments	$ 227	$ 250

Restricted Cash Balances (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Restricted Cash Balances [Abstract]
Restricted Cash and Cash Equivalent	$ 0.0	$ 0.0
Pledged Cash for Derivative Contracts	15.1	5.3
Credit-Link Notes
Restricted Cash Balances [Abstract]
Cash Collateral	119.6	115.3
Restricted Cash and Cash Equivalent Item [Line Items]
Cash Collateral	119.6	115.3
Standby Letters of Credit
Restricted Cash Balances [Abstract]
Cash Collateral	39.8	59.3
Restricted Cash and Cash Equivalent Item [Line Items]
Cash Collateral	$ 39.8	$ 59.3

Investment Securities - Contractual Maturities of Securities Available-for-Sale (Details) $ in Thousands	Dec. 31, 2025 USD ($)
Investment Securities, Available-for-Sale, Amortized Cost
Due in one year or less	$ 10,750
Due after one year through five years	88,053
Due after five years through ten years	315,825
Due after ten years	2,231,786
Debt Securities, Available-for-Sale, Maturity, Allocated and Single Maturity Date, Amortized Cost, Total	2,646,414
Investment Securities, Available-for-Sale, Estimated Fair Value
Due in one year or less	10,750
Due after one year through five years	87,434
Due after five years through ten years	300,498
Due after ten years	2,055,376
Debt Securities, Available-for-Sale, Maturity, Allocated and Single Maturity Date, Fair Value, Total	2,454,058
Residential Mortgage Backed Securities [Member]
Investment Securities, Available-for-Sale, Amortized Cost
Due in one year or less	0
Due after one year through five years	0
Due after five years through ten years	0
Due after ten years	972,161
Debt Securities, Available-for-Sale, Maturity, Allocated and Single Maturity Date, Amortized Cost, Total	972,161
Investment Securities, Available-for-Sale, Estimated Fair Value
Due in one year or less	0
Due after one year through five years	0
Due after five years through ten years	0
Due after ten years	834,085
Debt Securities, Available-for-Sale, Maturity, Allocated and Single Maturity Date, Fair Value, Total	834,085
Commercial Mortgage Backed Securities [Member]
Investment Securities, Available-for-Sale, Amortized Cost
Due in one year or less	0
Due after one year through five years	40,168
Due after five years through ten years	0
Due after ten years	11,854
Debt Securities, Available-for-Sale, Maturity, Allocated and Single Maturity Date, Amortized Cost, Total	52,022
Investment Securities, Available-for-Sale, Estimated Fair Value
Due in one year or less	0
Due after one year through five years	40,193
Due after five years through ten years	0
Due after ten years	10,773
Debt Securities, Available-for-Sale, Maturity, Allocated and Single Maturity Date, Fair Value, Total	50,966
Government agency and government-sponsored enterprise collateralized mortgage obligations [Member]
Investment Securities, Available-for-Sale, Amortized Cost
Due in one year or less	0
Due after one year through five years	0
Due after five years through ten years	13,691
Due after ten years	869,376
Debt Securities, Available-for-Sale, Maturity, Allocated and Single Maturity Date, Amortized Cost, Total	883,067
Investment Securities, Available-for-Sale, Estimated Fair Value
Due in one year or less	0
Due after one year through five years	0
Due after five years through ten years	13,792
Due after ten years	857,832
Debt Securities, Available-for-Sale, Maturity, Allocated and Single Maturity Date, Fair Value, Total	871,624
Corporate Debt Securities [Member]
Investment Securities, Available-for-Sale, Amortized Cost
Due in one year or less	10,750
Due after one year through five years	47,677
Due after five years through ten years	198,809
Due after ten years	0
Debt Securities, Available-for-Sale, Maturity, Allocated and Single Maturity Date, Amortized Cost, Total	257,236
Investment Securities, Available-for-Sale, Estimated Fair Value
Due in one year or less	10,750
Due after one year through five years	47,033
Due after five years through ten years	183,813
Due after ten years	0
Debt Securities, Available-for-Sale, Maturity, Allocated and Single Maturity Date, Fair Value, Total	241,596
Private Label Collateralized Mortgage Obligations [Member]
Investment Securities, Available-for-Sale, Amortized Cost
Due in one year or less	0
Due after one year through five years	0
Due after five years through ten years	0
Due after ten years	254,787
Debt Securities, Available-for-Sale, Maturity, Allocated and Single Maturity Date, Amortized Cost, Total	254,787
Investment Securities, Available-for-Sale, Estimated Fair Value
Due in one year or less	0
Due after one year through five years	0
Due after five years through ten years	0
Due after ten years	228,975
Debt Securities, Available-for-Sale, Maturity, Allocated and Single Maturity Date, Fair Value, Total	228,975
Collateralized Loan Obligations [Member]
Investment Securities, Available-for-Sale, Amortized Cost
Due in one year or less	0
Due after one year through five years	208
Due after five years through ten years	93,763
Due after ten years	106,548
Debt Securities, Available-for-Sale, Maturity, Allocated and Single Maturity Date, Amortized Cost, Total	200,519
Investment Securities, Available-for-Sale, Estimated Fair Value
Due in one year or less	0
Due after one year through five years	208
Due after five years through ten years	93,793
Due after ten years	106,821
Debt Securities, Available-for-Sale, Maturity, Allocated and Single Maturity Date, Fair Value, Total	200,822
Mortgage-backed Securities, Issued by Private Enterprises
Investment Securities, Available-for-Sale, Amortized Cost
Due in one year or less	0
Due after one year through five years	0
Due after five years through ten years	5,928
Due after ten years	3,818
Debt Securities, Available-for-Sale, Maturity, Allocated and Single Maturity Date, Amortized Cost, Total	9,746
Investment Securities, Available-for-Sale, Estimated Fair Value
Due in one year or less	0
Due after one year through five years	0
Due after five years through ten years	5,638
Due after ten years	3,641
Debt Securities, Available-for-Sale, Maturity, Allocated and Single Maturity Date, Fair Value, Total	9,279
Asset-backed Securities [Member]
Investment Securities, Available-for-Sale, Amortized Cost
Due in one year or less	0
Due after one year through five years	0
Due after five years through ten years	0
Due after ten years	13,242
Debt Securities, Available-for-Sale, Maturity, Allocated and Single Maturity Date, Amortized Cost, Total	13,242
Investment Securities, Available-for-Sale, Estimated Fair Value
Due in one year or less	0
Due after one year through five years	0
Due after five years through ten years	0
Due after ten years	13,249
Debt Securities, Available-for-Sale, Maturity, Allocated and Single Maturity Date, Fair Value, Total	13,249
SBA asset-backed securities [Member]
Investment Securities, Available-for-Sale, Amortized Cost
Due in one year or less	0
Due after one year through five years	0
Due after five years through ten years	3,634
Due after ten years	0
Debt Securities, Available-for-Sale, Maturity, Allocated and Single Maturity Date, Amortized Cost, Total	3,634
Investment Securities, Available-for-Sale, Estimated Fair Value
Due in one year or less	0
Due after one year through five years	0
Due after five years through ten years	3,462
Due after ten years	0
Debt Securities, Available-for-Sale, Maturity, Allocated and Single Maturity Date, Fair Value, Total	$ 3,462

Fair Value Measurements

12 Months Ended

Dec. 31, 2025

Fair Value Measurements

NOTE 15. FAIR VALUE MEASUREMENTS

ASC Topic 820, “Fair Value Measurement,” defines fair value, establishes a framework for measuring fair value including a three‑level valuation hierarchy, and expands disclosures about fair value measurements. Fair value is defined as the exchange price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date reflecting assumptions that a market participant would use when pricing an asset or liability. The hierarchy uses three levels of inputs to measure the fair value of assets and liabilities as follows:

•Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets.

•Level 2: Observable inputs other than Level 1, including quoted prices for similar assets and liabilities in active markets, quoted prices in less active markets, or other observable inputs that can be corroborated by observable market data, either directly or indirectly, for substantially the full term of the financial instrument. This category generally includes agency residential CMOs, agency commercial and residential MBS, municipal securities, collateralized loan obligations, registered publicly rated private label CMOs, corporate debt securities, SBA securities, and asset-backed securitizations.

•Level 3: Inputs to a valuation methodology that are unobservable, supported by little or no market activity, and significant to the fair value measurement. These valuation methodologies generally include pricing models, discounted cash flow models, or a determination of fair value that requires significant management judgment or estimation. This category also includes observable inputs from a pricing service not corroborated by observable market data, and includes some of our corporate debt securities, and our equity warrants and credit-linked notes.

We use fair value to measure certain assets and liabilities on a recurring basis, primarily AFS securities and derivatives. For assets measured at the lower of cost or fair value, the fair value measurement criteria may or may not be met during a reporting period and such measurements are therefore considered “nonrecurring” for purposes of disclosing our fair value measurements. Fair value is used on a nonrecurring basis to adjust carrying values for individually evaluated loans and leases and OREO and also to record impairment on certain assets, such as goodwill, CDI, and other long-lived assets.

The Company also holds SBIC investments measured at fair value using the NAV per share practical expedient that are not required to be classified in the fair value hierarchy. At December 31, 2025, the fair value of these investments was $121.1 million.

The following tables present information on the assets and liabilities measured and recorded at fair value on a recurring basis as of the dates indicated:


	Fair Value Measurements as of December 31, 2025
Measured on a Recurring Basis	Total		Level 1		Level 2		Level 3
	(In thousands)
Securities available‑for‑sale:
Agency residential MBS	$	834,085	$	—	$	834,085	$	—

Agency commercial MBS	50,966		—		50,966		—
Agency residential CMOs	871,624		—		871,624		—

Corporate debt securities	241,596		—		239,226		2,370
Private label residential CMOs	228,975		—		228,975		—
Collateralized loan obligations	200,822		—		200,822		—
Private label commercial MBS	9,279		—		9,279		—
Asset-backed securities	13,249		—		13,249		—
SBA securities	3,462		—		3,462		—
Total securities available-for-sale	$	2,454,058	$	—	$	2,451,688	$	2,370
Equity investments with readily determinable fair values	$	2	$	2	$	—	$	—
Derivatives (1):
Derivative assets:

Interest rate and foreign exchange contracts	4,124		—		4,124		—
Equity warrants	3,437		—		—		3,437
Derivative liabilities:
Cash flow hedges	4,065		—		4,065		—
Interest rate and foreign exchange contracts	4,156		—		4,156		—
Credit-linked notes	113,634		—		—		113,634

____________________

(1) For information regarding derivative instruments, see "Note 12. Derivatives."


	Fair Value Measurements as of December 31, 2024
Measured on a Recurring Basis	Total		Level 1		Level 2		Level 3
	(In thousands)
Securities available‑for‑sale:
Agency residential MBS	$	861,840	$	—	$	861,840	$	—
Municipal securities	594		—		594		—
Agency commercial MBS	51,564		—		51,564		—
Agency residential CMOs	446,631		—		446,631		—

Corporate debt securities	257,712		—		255,582		2,130
Private label commercial MBS	12,372		—		12,372		—
Collateralized loan obligations	279,416		—		279,416		—
Private label residential CMOs	316,910		—		316,910		—
Asset-backed securities	15,600		—		15,600		—
SBA securities	4,200		—		4,200		—
Total securities available-for-sale	$	2,246,839	$	—	$	2,244,709	$	2,130
Equity investments with readily determinable fair values	$	3	$	3	$	—	$	—
Derivatives (1):
Derivative assets:
Cash flow hedges	1,442		—		1,442		—
Interest rate and foreign exchange contracts	7,031		—		7,031		—
Equity warrants	3,763		—		—		3,763
Derivative liabilities:

Interest rate and foreign exchange contracts	7,562		—		7,562		—
Credit-linked notes	118,838		—		—		118,838

____________________

(1) For information regarding derivative instruments, see "Note 12. Derivatives."

During the year ended December 31, 2025, there was a $3,000 transfer from Level 3 equity warrants to Level 1 equity investments with readily determinable fair values measured on a recurring basis.

The following table presents information about quantitative inputs and assumptions used to determine the fair values provided by our third-party pricing service for our Level 3 corporate debt securities AFS measured at fair value on a recurring basis as of the date indicated:


	Corporate Debt Securities December 31, 2025
	Input or	Weighted Average
Unobservable Inputs	Range of Inputs	Input (1)
Spread to 10 Year Treasury	2.9% - 8.5%	4.5%
Discount rates	7.1% - 12.7%	8.7%

____________________

(1) Unobservable inputs for corporate debt securities were weighted by the relative fair values of the instruments.

The following table presents information about the quantitative inputs and assumptions used in the modified Black-Scholes option pricing model to determine the fair value for our Level 3 equity warrants measured at fair value on a recurring basis as of the date indicated:


	Equity Warrants December 31, 2025
		Weighted
	Range	Average
Unobservable Inputs	of Inputs	Input (1)
Volatility	19.6% - 965.6%	27.2%
Risk-free interest rate	3.5% - 3.7%	3.6%
Remaining life assumption (in years)	0.08 - 4.99	3.15

__________________

(1) Unobservable inputs for equity warrants were weighted by the relative fair values of the instruments.

The following table summarizes activity for our Level 3 corporate debt securities AFS measured at fair value on a recurring basis for the years indicated:


	Year Ended December 31,
Level 3 Corporate Debt Securities	2025		2024		2023
	(In thousands)
Balance, beginning of year	$	2,130	$	40,249	$	—

Total included in other comprehensive income	240		30		(11,501)




Transfer from Level 2	—		—		51,750
Transfer to Level 2	—		(38,149)		—


Balance, end of year	$	2,370	$	2,130	$	40,249

Unrealized net gains (losses) for the period included in other
comprehensive income for securities held at quarter-end	$	(630)	$	(870)	$	(11,501)

The following table summarizes activity for our Level 3 equity warrants measured at fair value on a recurring basis for the years indicated:


	Year Ended December 31,
Level 3 Equity Warrants	2025		2024		2023
	(In thousands)
Balance, beginning of year	$	3,763	$	3,689	$	4,048
Total included in earnings	1,726		408		(718)

Exercises and settlements (1)	(2,355)		(829)		(218)
Issuances	306		516		613

Transfers to Level 1 (equity investments with readily determinable fair values)	(3)		(21)		(36)
Balance, end of year	$	3,437	$	3,763	$	3,689

______________________

(1) Includes the exercise of warrants that upon exercise become equity securities in public companies. These are often subject to lock-up restrictions that must be met before the equity security can be sold, during which time they are reported as equity investments with readily determinable fair values.

The following table summarizes activity for our Level 3 credit-linked notes measured at fair value on a recurring basis for the year indicated:


	Year Ended December 31,
Level 3 Credit-Linked Notes	2025		2024		2023
	(In thousands)
Balance, beginning of year	$	118,838	$	123,116	$	132,030
Total included in earnings	(51)		(1,411)		5,404
Total included in other comprehensive income	(868)		2,589		(7,794)



Principal payments	(4,285)		(5,456)		(6,524)





Balance, end of year	$	113,634	$	118,838	$	123,116

The following tables present assets measured at fair value on a non‑recurring basis as of the dates indicated:


	Fair Value Measurement as of December 31, 2025
Measured on a Non‑Recurring Basis	Total		Level 1		Level 2		Level 3
	(In thousands)
Individually evaluated loans and leases	$	52,443	$	—	$	48,401	$	4,042

OREO, net	248		—		248		—
Total non-recurring	$	52,691	$	—	$	48,649	$	4,042


	Fair Value Measurement as of December 31, 2024
Measured on a Non‑Recurring Basis	Total		Level 1		Level 2		Level 3
	(In thousands)
Individually evaluated loans and leases	$	58,948	$	—	$	45,962	$	12,986

OREO, net	3,372		—		3,372		—
Total non-recurring	$	62,320	$	—	$	49,334	$	12,986

In addition to individually evaluated loans and leases and OREO, loans HFS are carried at the LOCOM and may be measured at fair value on a nonrecurring basis when fair value is less than cost. Fair value is based on active bids and other observable market inputs, such as appraised value of the underlying collaterals, adjusted for specific attributes of that loan or other available market data for similar loans. Loans HFS are classified as Level 2 in the fair value hierarchy.

The following table presents losses recognized on assets measured on a nonrecurring basis for the years indicated:


	Year Ended December 31,
Loss on Assets Measured on a Non‑Recurring Basis	2025		2024		2023
	(In thousands)
Individually evaluated loans and leases	$	7,650	$	35,699	$	4,403

OREO, net	96		983		1,307
Total net loss	$	7,746	$	36,682	$	5,710

The following table presents the valuation methodology and unobservable inputs for Level 3 assets measured at fair value on a nonrecurring basis as of the date indicated:

December 31, 2025

Valuation

Unobservable

Input or

Weighted

Asset

Fair Value

Technique

Inputs

Range

Average

Individually evaluated loans and leases

4,042

Third-party appraisals

No discounts

Total non-recurring Level 3

4,042

ASC Topic 825, “Financial Instruments,” requires disclosure of the estimated fair value of certain financial instruments and the methods and significant assumptions used to estimate such fair values. Additionally, certain financial instruments and all nonfinancial instruments are excluded from the applicable disclosure requirements.

The following tables present carrying amounts and estimated fair values of certain financial instruments as of the dates indicated:


	December 31, 2025
	Carrying		Estimated Fair Value
	Amount		Total		Level 1		Level 2		Level 3
	(In thousands)
Financial Assets:
Cash and due from banks	$	181,103	$	181,103	$	181,103	$	—	$	—
Interest‑earning deposits in financial institutions	2,126,862		2,126,862		2,126,862		—		—
Securities available‑for‑sale	2,454,058		2,454,058		—		2,451,688		2,370
Securities held-to-maturity	2,308,636		2,246,526		185,088		2,057,189		4,249
Investment in FRB and FHLB stock	160,442		160,442		—		160,442		—
Loans HFS	182,936		183,083		—		183,083		—
Loans and leases HFI, net	24,787,067		23,871,794		—		48,401		23,823,393
Equity investments with readily determinable fair values	2		2		2		—		—
Equity warrants	3,437		3,437		—		—		3,437

Interest rate and foreign exchange contracts	4,124		4,124		—		4,124		—
Servicing rights	17,480		19,427		—		—		19,427

Financial Liabilities:
Demand, checking, savings and money market deposits	23,156,094		23,156,094		—		23,156,094		—
Time deposits	4,687,263		4,684,099		—		4,684,099		—
Borrowings	2,063,819		2,069,076		275,185		1,680,257		113,634
Subordinated debt	952,740		934,819		—		934,819		—
Cash flow hedges	4,065		4,065		—		4,065		—
Interest rate and foreign exchange contracts	4,156		4,156		—		4,156		—


	December 31, 2024
	Carrying		Estimated Fair Value
	Amount		Total		Level 1		Level 2		Level 3
	(In thousands)
Financial Assets:
Cash and due from banks	$	192,006	$	192,006	$	192,006	$	—	$	—
Interest‑earning deposits in financial institutions	2,310,206		2,310,206		2,310,206		—		—
Securities available‑for‑sale	2,246,839		2,246,839		—		2,244,709		2,130
Securities held-to-maturity	2,306,149		2,156,694		173,283		1,976,265		7,146
Investment in FHLB stock	147,773		147,773		—		147,773		—
Loans HFS	26,331		26,562		—		26,562		—
Loans and leases HFI, net	23,542,303		22,412,073		—		45,962		22,366,111
Equity investments with readily determinable fair values	3		3		3		—		—
Equity warrants	3,763		3,763		—		—		3,763
Cash flow hedges	1,442		1,442		—		1,442		—
Interest rate and foreign exchange contracts	7,031		7,031		—		7,031		—
Servicing rights	19,623		21,040		—		—		21,040

Financial Liabilities:
Demand, checking, savings and money market deposits	22,625,485		22,625,485		—		22,625,485		—
Time deposits	4,566,424		4,556,575		—		4,556,575		—
Borrowings	1,391,814		1,382,742		—		1,263,904		118,838
Subordinated debt	941,923		901,532		—		901,532		—

Interest rate and foreign exchange contracts	7,562		7,562		—		7,562		—

The following is a description of the valuation methodologies used to measure our assets recorded at fair value (under ASC Topic 820, “Fair Value Measurement”) and for estimating fair value for financial instruments not recorded at fair value (under ASC Topic 825).

Cash and due from banks. The carrying amount is assumed to be the fair value because of the liquidity of these instruments.

Interest‑earning deposits in financial institutions. The carrying amount is assumed to be the fair value given the short‑term nature of these deposits.

Securities available‑for‑sale. AFS securities are measured and carried at fair value on a recurring basis, net of the allowance for credit losses. Unrealized gains and losses on AFS securities are reported as a component of “Accumulated other comprehensive loss, net” in the consolidated balance sheets. See "Note 4. Investment Securities" for further information on unrealized gains and losses on AFS securities.

Fair value for securities categorized as Level 1, which are publicly traded securities, are based on readily available quoted prices. In determining the fair value of the securities categorized as Level 2, we obtain a report from a nationally recognized broker‑dealer detailing the fair value of each investment security we hold as of each reporting date. The broker‑dealer uses observable market information to value our securities, with the primary source being a nationally recognized pricing service. We review the market prices provided by the broker‑dealer for our securities for reasonableness based on our understanding of the marketplace and we consider any credit issues related to the securities. As we have not made any adjustments to the market quotes provided to us and they are based on observable market data, they have been categorized as Level 2 within the fair value hierarchy.

Our corporate debt securities (“the Level 3 AFS Securities”) were categorized as Level 3 due in part to the inactive market for such securities. There is a wide range of prices quoted for our Level 3 AFS Securities among independent third-party pricing services, and this range reflects the significant judgment being exercised over the assumptions and variables that determine the pricing of such securities. We consider this subjectivity relating to our Level 3 AFS Securities to be a significant unobservable input. Had significant changes in default expectations, loss severity factors, or discount rates occurred all together or in isolation, it would have resulted in different fair value measurements at December 31, 2025.

Securities held-to-maturity. HTM securities are carried at amortized cost, net of the allowance for credit losses. Fair value for securities categorized as Level 1, which are publicly traded securities, are based on readily available quoted prices. In determining the fair value of the securities categorized as Level 2, we obtain a report from a nationally recognized broker‑dealer detailing the fair value of each investment security we hold as of each reporting date. The broker‑dealer uses observable market information to value our securities, with the primary source being a nationally recognized pricing service. We review the market prices provided by the broker‑dealer for our securities for reasonableness based on our understanding of the marketplace and we consider any credit issues related to the securities. As we have not made any adjustments to the market quotes provided to us and they are based on observable market data, they have been categorized as Level 2 within the fair value hierarchy.

FRB and FHLB stock. Investments in FRB and FHLB stock are recorded at cost and measured for impairment quarterly. Ownership of FRB and FHLB stock is restricted to member banks and the securities do not have a readily determinable market value. Purchases and sales of these securities are at par value with the issuer. The fair value of investments in FRB and FHLB stock is equal to the carrying amount.

Loans and leases. As loans and leases are not measured at fair value, the following discussion relates to estimating the fair value disclosures under ASC Topic 825. Fair values are measured using the exit price and are estimated for portfolios of loans and leases with similar characteristics. Loans are segregated by type and further segmented into fixed and adjustable rate, term and line of credit, as well as interest-only and non-interest-only. To determine the exit price of a loan or lease, the cash flows are estimated using a model which utilizes future cash flows to calculate their present value using a discounting yield curve with additional spread to account for marked to market adjustments and credit and illiquidity premiums. For similar, homogeneous loans, management may make adjustments to the discount rate arrived at using the previously described methodology based upon the pricing for recent loan pool purchases and/or rates on recent originations.

Individually evaluated loans and leases. Defaulted loans and leases with outstanding balances greater than $250,000 are reviewed individually for expected credit loss, if any, and are recorded at fair value on a non-recurring basis. These defaulted loans and leases are excluded from the loan pools used within the collective evaluation of estimated credit losses. The criteria for default may include any one of the following: (1) on nonaccrual status, (2) payment delinquency of 90 days or more, (3) partial charge-off recognized, or (4) risk rated doubtful or loss.

To the extent a defaulted loan or lease is collateral dependent, we measure expected credit loss based on the estimated fair value of the underlying collateral. The fair value of each loan’s collateral is generally based on estimated market prices from an independently prepared appraisal, which is then adjusted for the cost related to liquidating such collateral; such valuation inputs result in a nonrecurring fair value measurement that is categorized as a Level 2 measurement. The Level 2 measurement is based on appraisals obtained within the last 12 months and for which a charge‑off was recognized or a change in the specific valuation allowance was made during the year ended December 31, 2025.

When adjustments are made to an appraised value to reflect various factors such as the age of the appraisal or known changes in the market or the collateral, such valuation inputs are considered unobservable, and the fair value measurement is categorized as a Level 3 measurement. The individually evaluated loans and leases categorized as Level 3 also include unsecured loans and other secured loans whose fair values are based significantly on unobservable inputs such as the strength of a guarantor, including an SBA government guarantee, cash flows discounted at the effective loan rate, and management’s judgment.

The individually evaluated loan and lease balances shown above as measured on a non-recurring basis represent those defaulted loans and leases for which expected credit loss was recognized during the year ended December 31, 2025. The amounts shown as net losses include the expected credit loss recognized during the year ended December 31, 2025, for the loan and lease balances shown.

OREO. The fair value of OREO is generally based on the lower of estimated market prices from independently prepared current appraisals or negotiated sales prices with potential buyers, less estimated costs to sell; such valuation inputs result in a fair value measurement that is categorized as a Level 2 measurement on a nonrecurring basis. As a matter of policy, appraisals are required annually and may be updated more frequently as circumstances require in the opinion of management. The Level 2 measurement for OREO is based on appraisals obtained within the last 12 months and for which a write‑down was recognized during the year ended December 31, 2025.

When a current appraised value is not available or management determines the fair value of the collateral is further impaired below the appraised value as a result of known changes in the market or the collateral and there is no observable market price, such valuation inputs result in a fair value measurement that is categorized as a Level 3 measurement. To the extent a negotiated sales price or reduced listing price represents a significant discount to an observable market price, such valuation input would result in a fair value measurement that is also considered a Level 3 measurement. The OREO losses disclosed are write‑downs based on either a recent appraisal obtained after foreclosure or an accepted purchase offer by an independent third-party received after foreclosure.

Equity warrants. Equity warrants with net settlement terms are received in connection with extending loan commitments to certain of our customers. We estimate the fair value of equity warrants using a Black-Scholes option pricing model to approximate fair market value. We typically classify our equity warrant derivatives in Level 3 of the fair value hierarchy.

Equity investments with readily determinable fair values. Our equity investments with readily determinable fair values include investments in public companies and publicly-traded mutual funds. Equity investments with readily determinable fair values are recorded at fair value with changes in fair value recorded in “Noninterest income - Other income.” Fair value measurements related to these investments are typically classified within Level 1 of the fair value hierarchy.

Deposits. Deposits are carried at historical cost. The fair values of deposits with no stated maturity, such as core deposits (defined as noninterest‑bearing demand, interest checking, money market, and savings accounts) and wholesale non-maturity deposits, are equal to the amount payable on demand as of the balance sheet date and considered Level 2. The fair value of time deposits is based on the discounted value of contractual cash flows and considered Level 2. The discount rate is estimated using the borrowing rates currently offered by FHLB for similar remaining maturities. No value has been separately assigned to the Company’s long‑term relationships with its deposit customers, such as a core deposit intangible.

Borrowings. Borrowings are carried at amortized cost. The fair value of fixed‑rate borrowings is estimated by discounting scheduled cash flows through the maturity dates or call dates, if applicable, using estimated market discount rates that reflect current rates offered for borrowings with similar remaining maturities and characteristics and are considered Level 2. Borrowings also include variable-rate credit-linked notes which are carried at fair value. Fair value is estimated by discounting the future expected cash flows by a rate which represents the interest rate spread at issuance adjusted to account for market movement between the issuance date and the valuation date. Since the future expected cash flows are determined based on the unique collateral and waterfall characteristics of our credit-linked notes, they are considered Level 3.

Subordinated debt. Subordinated debt is carried at amortized cost. The fair value of subordinated debt is determined using the price observations for comparable debts that is provided by a major broker-dealer and is considered Level 2.

Derivative assets and liabilities. Derivatives are carried at fair value on a recurring basis and primarily relate to forward exchange contracts which we enter into to manage foreign exchange risk. Our derivatives are principally traded in over-the-counter markets where quoted market prices are not readily available. Instead, the fair value of derivatives is estimated using market observable inputs such as foreign exchange forward rates, interest rate yield curves, volatilities and basis spreads. We also consider counter-party credit risk in valuing our derivatives. We typically classify our foreign exchange derivatives in Level 2 of the fair value hierarchy.

Commitments to extend credit. The majority of our commitments to extend credit carry current market interest rates if converted to loans. Because these commitments are generally not assignable by either the borrower or us, they only have value to the borrower and us. The estimated fair value approximates the recorded deferred fee amounts and is excluded from the table above because it is not material.

Limitations

Fair value estimates are made at a specific point in time and are based on relevant market information and information about the financial instrument. These estimates do not reflect income taxes or any premium or discount that could result from offering for sale at one time the Company’s entire holdings of a particular financial instrument. Because no market exists for a portion of the Company’s financial instruments, fair value estimates are based on what management believes to be reasonable judgments regarding expected future cash flows, current economic conditions, risk characteristics of various financial instruments, and other factors. These estimated fair values are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions could significantly affect the estimates. Since the fair values have been estimated as of December 31, 2025, the amounts that will actually be realized or paid at settlement or maturity of the instruments could be significantly different.

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 107
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-107

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 940
-SubTopic 820
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478119/940-820-50-1

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Premises and Equipment, Net (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Premises and Equipment, Net [Abstract]
Depreciation	$ 14.6	$ 15.2	$ 12.6

Nature of Operations and Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2025

Recently issued Accounting Standards

Recent Accounting Pronouncements

In November 2024, the FASB issued ASU 2024-03, "Disaggregation of Income Statement Expenses," requiring additional disclosure of income statement expenses, including categories like employee compensation, depreciation, and intangible asset amortization, as well as selling expenses. Companies must also qualitatively describe any remaining amounts not separately disclosed. In January 2025, the FASB also issued ASU 2025-01, "Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures-Clarifying the Effective Date," clarified that all public business entities must adopt the guidance in annual reporting periods beginning after December 15, 2026, and interim periods within annual reporting periods beginning after December 15, 2027. The disclosures apply prospectively, but retrospective application is allowed. The Company is currently evaluating the impact of this update on its consolidated financial statements and related disclosures.

In September 2025, the FASB issued ASU 2025-06, "Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software." The new standard clarifies and modernizes the accounting for costs related to internal-use software under ASC 350-40. Specifically, the amendments address the accounting for software developed using iterative and agile development methods, clarify the threshold for when capitalization of software costs should begin, and require the disclosure requirements of ASC 360-10. This guidance is effective for fiscal years beginning after December 15, 2027, with early adoption permitted. Entities may apply the guidance using one of three transition methods: prospective, modified retrospective (based on the project’s status and whether costs were previously capitalized), or full retrospective application. The Company is currently evaluating the impact of this update on its consolidated financial statements and related disclosures.

In November 2025, the FASB issued ASU 2025-08, “Financial Instruments—Credit Losses (Topic 326): Purchased Loans,” which updates the accounting for acquired loans under the CECL model. The amendments address application challenges under previous guidance, including the perceived double-counting of credit losses at acquisition, by expanding the gross-up approach and introducing the concept of purchased seasoned loans. Under the new standard, an allowance for credit losses is recorded at acquisition with a corresponding adjustment to the loan’s amortized cost basis, eliminating the requirement for a day-one provision for certain acquired loans. Loans acquired in a business combination (excluding credit cards) are automatically considered purchased seasoned loans, while other loans qualify if acquired more than 90 days after origination and the acquirer was not involved in origination. The guidance is effective for fiscal years beginning after December 15, 2026, with early adoption permitted, and is to be applied prospectively. The Company is currently evaluating the impact of this update on its consolidated financial statements and related disclosures.

In December 2025, the FASB issued ASU 2025‑11, “Interim Reporting (Topic 270): Narrow‑Scope Improvements,” which clarifies and consolidates interim reporting guidance under ASC 270 for entities issuing interim financial statements. In addition, the update establishes a disclosure principle requiring entities to disclose material events or changes since the end of the most recent annual reporting period. The amendment does not introduce new recognition, measurement, or disclosure requirements and are not intended to change the fundamental nature of interim reporting, but rather to enhance clarity and consistency in interim financial reporting. The guidance is effective for interim reporting periods within fiscal years beginning after December 15, 2027, with early adoption permitted. Entities may apply the guidance using either prospective or retrospective application. The Company is currently evaluating the impact of this update on its consolidated financial statements and related disclosures.

Recently Adopted Accounting Standards

In December 2023, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosures." The standard, among other changes, improves annual income tax disclosures by requiring disaggregated information about a reporting entity’s effective tax rate reconciliation as well as information on income taxes paid. The standard is intended to benefit investors by providing more detailed income tax disclosures that would be useful in making capital allocation decisions. The enhanced income tax disclosure requirements apply on a prospective basis to annual financial statements for periods beginning after December 15, 2024. However, retrospective application in all prior periods presented is permitted. The Company adopted this accounting guidance on a prospective basis and determined this guidance did not have a material impact on the Company's consolidated financial statements.

Basis of Presentation

The accounting and reporting policies of the Company are in accordance with U.S. generally accepted accounting principles, which we may refer to as U.S. GAAP. In the opinion of management, all significant intercompany accounts and transactions have been eliminated and adjustments, consisting solely of normal recurring accruals and considered necessary for the fair presentation of financial statements have been included.

On November 30, 2023 (the "Merger Date"), PacWest Bancorp merged with and into Banc of California, Inc. (the “Merger”), with Banc of California, Inc. continuing as the surviving legal corporation and Banc of California, Inc. concurrently closed a $400 million equity capital raise. The Merger was accounted for as a reverse merger using the acquisition method of accounting, therefore, PacWest Bancorp was deemed the acquirer for financial reporting purposes, even though Banc of California, Inc. was the legal acquirer. The Merger was an all-stock transaction and has been accounted for as a business combination. Banc of California, Inc.'s financial results for all periods ended prior to November 30, 2023 reflect PacWest Bancorp results on a standalone basis. In addition, Banc of California, Inc.'s reported financial results for the year ended December 31, 2023 reflect PacWest Bancorp financial results, only on a standalone basis until the closing of the Merger on November 30, 2023, and results of the combined company for the month of December 2023. The number of shares issued and outstanding, earnings per share, and all references to share quantities or metrics of Banc of California, Inc. have been retrospectively restated to reflect the equivalent number of shares issued in the Merger as the Merger was accounted for as a reverse merger. Under the reverse merger method of accounting, the assets and liabilities of legacy Banc of California, Inc. as of November 30, 2023 were recorded at their respective fair values. Refer to "Note 2. Business Combinations" for additional information on this merger.

Use of Estimates

The Company has made a number of estimates and assumptions relating to the reporting of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period to prepare these consolidated financial statements in conformity with U.S. GAAP. Actual results could differ from those estimates. Material estimates subject to change in the near term include, among other items, the allowance for credit losses (the combination of the allowance for loan and lease losses and the reserve for unfunded loan commitments) and the realization of DTAs. These estimates may be adjusted as more current information becomes available, and any adjustment may be significant.

Cash and Cash Equivalents

For purposes of the consolidated statements of cash flows, cash and cash equivalents consist of: (1) cash on hand and cash due from banks, (2) interest‑earning deposits in financial institutions, and (3) federal funds sold with original maturities less than 90 days. Interest‑earning deposits in financial institutions represent mostly cash held at the FRBSF, the majority of which is immediately available. Restricted cash, if any, is disclosed in our consolidated financial statements.

Investment Securities

Investment in Debt Securities

We determine the classification of securities at the time of purchase. If we have the intent and the ability at the time of purchase to hold securities until maturity, they are classified as held‑to‑maturity and stated at amortized cost. Securities to be held for indefinite periods of time, but not necessarily to be held‑to‑maturity or on a long‑term basis, are classified as available‑for‑sale and carried at estimated fair value, with unrealized gains or losses reported as a separate component of stockholders’ equity in accumulated other comprehensive loss, net of applicable income taxes. Securities available‑for‑sale include securities that management intends to use as part of its asset/liability management strategy and that may be sold in response to changes in interest rates, prepayment risk, and other related factors. Securities are individually evaluated for appropriate classification when acquired. As a result, similar types of securities may be classified differently depending on factors existing at the time of purchase.

The carrying values of all securities are adjusted for amortization of premiums and accretion of discounts using the interest method. Premiums on callable securities are amortized to the earliest call date. Realized gains or losses on the sale of securities, if any, are determined using the amortized cost of the specific securities sold. Such gains or losses are included in "Loss on sale of securities" on the consolidated statements of earnings (loss).

Available-for-sale debt securities. AFS debt securities are carried at fair value and are subject to impairment testing. Premiums and discounts are amortized or accreted over the life of the security as an adjustment to its yield using the interest method. Realized gains or losses from the sale of securities are calculated using the specific identification method. A security is impaired if the fair value of the security is less than its amortized cost basis. When an AFS debt security is considered impaired, the Company must determine if the decline in fair value has resulted from a credit-related loss or other factors and then, (1) recognize an allowance for credit losses by a charge to earnings for the credit-related component (if any) of the decline in fair value, and (2) recognize in other comprehensive income (loss) any non-credit related components (if any) of the fair value decline. If the amount of the amortized cost basis expected to be recovered increases in a future period, the valuation allowance would be reduced, but not more than the amount of the current existing allowance for that security. The amortized cost of the Company's AFS debt securities excludes accrued interest receivable, which is included in "Other assets" on the Company's consolidated balance sheets. The Company has made an Accounting Policy election not to recognize an allowance for credit losses for accrued interest receivable on AFS debt securities, as the Company reverses any accrued interest against interest income if a debt security is impaired.

Transfer between categories of debt securities. Upon transfer of a debt security from the AFS category to the HTM category, the security's new amortized cost is reset to fair value, reduced by any previous write-offs but excluding any allowance for credit losses. Any associated unrealized gains or losses on such investments as of the date of transfer become part of the security's amortized cost and are subsequently amortized or accreted into interest income over the remaining life of the securities as effective yield adjustments using the interest method. In addition, the related unrealized gains and losses included in accumulated other comprehensive income on the date of transfer are also subsequently amortized or accreted into interest income over the remaining life of the securities as effective yield adjustments using the interest method. For transfers of securities from the AFS category to the HTM category, any allowance for credit losses that was previously recorded under the AFS model is reversed and an allowance for credit losses is subsequently recorded under the HTM debt security model. The reversal and re-establishment of the allowance for credit losses are recorded in the "Provision for credit losses" on the Company's consolidated statements of earnings (loss).

Held-to-maturity debt securities. Debt securities that the Company has the intent and ability to hold until maturity are classified as HTM and are carried at amortized cost, net of the allowance for credit losses. Premiums and discounts are amortized or accreted over the life of the security as an adjustment to its yield using the interest method. Realized gains or losses from the sale of securities are calculated using the specific identification method. HTM debt securities are generally placed on nonaccrual status using factors similar to those described for loans. The amortized cost of the Company's HTM debt securities excludes accrued interest receivable, which is included in "Other assets" on the Company's consolidated balance sheets. The Company has made an Accounting Policy election not to recognize an allowance for credit losses for accrued interest receivable on HTM debt securities, as the Company reverses any accrued interest against interest income if a debt security is placed on nonaccrual status. Any cash collected on nonaccrual HTM securities is applied to reduce the security's amortized cost basis and not as interest income. Generally, the Company returns a HTM security to accrual status when all delinquent interest and principal become current under the contractual terms of the security, and the collectability of remaining principal and interest is no longer doubtful.

Allowance for Credit Losses on Held-to-Maturity Debt Securities

The allowance for credit losses for HTM debt securities is recorded at the time of purchase, acquisition, or when the Company designates securities as HTM, representing the Company's best estimate of current expected credit losses as of the date of the consolidated balance sheets. For each major HTM debt security type, the allowance for credit losses is estimated collectively for groups of securities with similar risk characteristics. For debt securities that do not share similar risk characteristics, the losses are estimated individually. Debt securities that are either guaranteed or issued by the U.S. government or government agency, are highly rated by major rating agencies, and have a long history of no credit losses, are an example of such securities to which the Company applies a zero credit loss assumption. Any expected credit loss is provided through the allowance for credit losses on HTM debt securities and deducted from the amortized cost basis of the security, so that the balance sheet reflects the net amount that the Company expects to collect.

Finance Receivable, Allowance for Credit Losses Policy

Originated loans. Loans are originated by the Company with the intent to hold them for investment and are stated at the principal amount outstanding, net of unearned income. Unearned income includes deferred unamortized nonrefundable loan fees and direct loan origination costs. Net deferred fees or costs are recognized as an adjustment to interest income over the contractual life of the loans primarily using the effective interest method or taken into income when the related loans are paid off or sold. The amortization of loan fees or costs is discontinued when a loan is placed on nonaccrual status. Interest income is recorded on an accrual basis in accordance with the terms of the respective loan.

Purchased loans. All loans purchased or acquired in our acquisitions are initially measured and recorded at their fair value on the acquisition date. A component of the initial fair value measurement is an estimate of the credit losses over the life of the purchased loans. Purchased loans are also evaluated to determine if they have experienced a more-than-insignificant deterioration in credit quality since origination or issuance as of the acquisition date and are classified as either (i) loans purchased without evidence of deteriorated credit quality (“non-PCD loans”), or (ii) loans purchased that have experienced a more-than-insignificant deterioration in credit quality, referred to as PCD loans.

Acquired non‑PCD loans. Acquired non‑PCD loans are those loans for which there was no evidence of a more-than-insignificant credit deterioration at their acquisition date, and it was probable that we would be able to collect all contractually required payments. Acquired non‑PCD loans, together with originated loans, are referred to as non‑PCD loans. Non-PCD loans are recorded at fair value at the acquisition date, with the resulting credit and non-credit discount or premium being amortized or accreted into interest income using the interest method. Purchase discounts or premiums on acquired non‑PCD loans are recognized as an adjustment to interest income over the contractual life of such loans using the effective interest method or taken into income when the related loans are paid off or sold.

Purchased/Acquired loans with credit deterioration. All purchased financial assets with credit deterioration (“PCD assets”) are recorded at the purchase price plus the allowance for credit losses expected at the time of acquisition. Acquired PCD loans are initially recorded at fair value, with the resulting non-credit discount or premium being amortized or accreted into interest income using the interest method. The credit allowance is recognized through a gross-up that increases the amortized cost basis of the asset with no effect on net income. Subsequent to the acquisition date, the allowance for credit losses for both PCD and non-PCD loans is estimated using the same methodology to determine current expected credit losses that is applied to all other loans.

Leases to customers. We provide equipment financing to our customers primarily with direct financing and operating leases. For direct financing leases, lease receivables are recorded on the balance sheet under "Gross loans and leases HFI," but the leased property is not, although we generally retain legal title to the leased property until the end of each lease. Direct financing leases are stated at the net amount of minimum lease payments receivable, plus any unguaranteed residual value, less the amount of unearned income and net acquisition discount at the reporting date. Direct lease origination costs are amortized using the effective interest method over the life of the leases. Leases acquired in an acquisition are initially measured and recorded at their fair value on the acquisition date. Purchase discount or premium on acquired leases is recognized as an adjustment to interest income over the contractual life of the leases using the effective interest method or taken into income when the related leases are paid off. Direct financing leases are subject to our accounting for allowance for loans and leases.

We provide equipment financing through operating leases where we facilitate the purchase of equipment leased to customers. The equipment is shown on our consolidated balance sheets as "Equipment leased to others under operating leases" and is depreciated to its estimated residual value at the end of the lease term, shown as "Leased equipment depreciation" in the consolidated statements of earnings (loss), according to our Fixed Asset Accounting Policy. We receive periodic rental income payments under the leases, which are recorded as "Noninterest income" in the consolidated statements of earnings (loss).

Loans and leases held for sale. As part of our management of the loans and leases held in our portfolio, on occasion we will transfer loans from HFI to HFS. Upon transfer, any associated allowance for loan and lease loss is reversed and the carrying value of the loan is adjusted to the lower of cost or estimated fair value. The unamortized balance of net deferred fees and costs associated with loans HFS is not accreted or amortized to interest income until the related loans are sold. Gains or losses on the sale of these loans are recorded as "Noninterest income" in the consolidated statements of earnings (loss).

Delinquent or past due loans and leases. Loans and leases are considered delinquent when principal or interest payments are past due 30 days or more. Delinquent loans generally remain on accrual status between 30 days and 89 days past due.

Nonaccrual loans and leases. When we discontinue the accrual of interest on a loan or lease it is designated as nonaccrual. We discontinue the accrual of interest on a loan or lease generally when a borrower's principal or interest payments or a lessee's payments are past due 90 days or when, in the opinion of management, there is a reasonable doubt as to collectability in the normal course of business. Loans with interest or principal payments past due 90 days or leases with payments past due 90 days may be accruing if the loans or leases are concluded to be well-secured and in the process of collection; however, these loans or leases are still reported as nonperforming. When loans or leases are placed on nonaccrual status, all interest previously accrued but not collected is reversed against current period interest income. Interest on nonaccrual loans or leases is subsequently recognized only to the extent that cash is received and the loan principal balance or lease balance is deemed collectable. Loans or leases are restored to accrual status when the loans or leases become both well‑secured and are in the process of collection.

Individually Evaluated Loans and Leases. Loans and leases that do not share similar risk characteristics with other financial assets are individually evaluated for impairment and excluded from loan pools used within the collective evaluation of estimated credit losses. We defined the following criteria for what constitutes a “default,” which results in a loan no longer sharing similar risk characteristics with other loans, and therefore requires an individual evaluation for expected credit losses. The criteria for default may include any one of the following: on nonaccrual status, payment delinquency of 90 days or more, and/or risk rated doubtful or loss.

Defaulted loans and leases with outstanding balances greater than $250,000 are reviewed individually for expected credit loss. Individually evaluated loans are measured at the present value of the expected future cash flows discounted at the loan's initial effective interest rate, unless the loans are collateral dependent, in which case loan impairment is based on the estimated fair value of the underlying collateral. A loan is considered collateral-dependent when the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral. The fair value of each loan’s collateral is generally based on estimated market prices from an independently prepared appraisal, which is then adjusted for the cost related to liquidating such collateral. An individually evaluated reserve and/or charge-off would be recognized when the present value of expected future cash flows or the fair value of the underlying collateral is below the amortized cost of the loan. If the measured amount of any individually reviewed loan exceeds its amortized cost, further review is required to determine whether a positive allowance should be added (but only up to amounts previously written off) to its amortized cost basis in order to reflect the net amount expected to be collected.

Loan Modifications to Borrowers Experiencing Financial Difficulty. Loan modifications made to borrowers experiencing financial difficulty constitute modifications of receivables in the form of principal forgiveness, an interest rate reduction, an other-than-insignificant payment delay, or a term extension. ASU 2022-02 eliminated the concept of troubled debt restructurings and introduced broader modification reporting requirements. Previously, troubled debt restructurings included any type of modification that included a below market concession which was granted both to a borrower in financial difficulty and as a result of financial difficulty. Loan modifications made to borrowers experiencing financial difficulty no longer consider whether a market concession has been granted, as was required with troubled debt restructurings, but rather includes as modifications within the four listed reportable modification types to a borrower deemed to be experiencing financial difficulty. An assessment of whether a borrower is experiencing financial difficulty is made on the date of the modification. Loans reported in this classification have a rating of substandard or worse, and may include both accruing and nonaccruing loans. Loans are assessed to determine whether the modification constitutes a new loan or a continuation of the existing loan. Depending on the terms of the modification and nature of the borrower, this may result in a downgrade or placing a loan on nonaccrual status, which in turn would impact the loan's classification within the ALLL. Because the effect of most modifications made to borrowers experiencing financial difficulty is already included in the allowance for credit losses because of the measurement methodologies used to estimate the allowance, a change to the allowance for credit losses is generally not recorded upon modification.

Allowance for Credit Losses on Loans and Leases Held for Investment

The allowance for loan and lease losses is measured using the CECL approach for financial instruments measured at amortized cost and other commitments to extend credit. CECL requires the immediate recognition of estimated credit losses expected to occur over the estimated remaining life of the asset.

The allowance for credit losses on loans and leases HFI is the combination of the allowance for loan and lease losses and the reserve for unfunded loan commitments. The allowance for loan and lease losses is reported as a reduction of the amortized cost basis of loans and leases, while the reserve for unfunded loan commitments is included within "Accrued interest payable and other liabilities" on the consolidated balance sheets. The amortized cost basis of loans and leases does not include accrued interest receivable, which is included in "Other assets" on the consolidated balance sheets. The "Provision for credit losses" on the consolidated statements of earnings (loss) is a combination of the provision for loan and lease losses, the provision for unfunded loan commitments, and the provision for HTM and AFS debt securities.

Under the CECL methodology, expected credit losses reflect losses over the remaining contractual life of an asset, considering the effect of prepayments and available information about the collectability of cash flows, including information about relevant historical experience, current conditions, and reasonable and supportable forecasts of future events and circumstances. Thus, the CECL methodology incorporates a broad range of information in developing credit loss estimates. The resulting allowance for loan and lease losses is deducted from the associated amortized cost basis to reflect the net amount expected to be collected. Subsequent changes in this estimate are recorded through the provision for credit losses and the allowance. The CECL methodology could result in significant changes to both the timing and amounts of provision for credit losses and the allowance as compared to historical periods. Loans and leases that are deemed to be uncollectable are charged off and deducted from the allowance. The provision for credit losses and recoveries on loans and leases previously charged off are added to the allowance.

The allowance for loan and lease losses is comprised of an individually evaluated component for loans and leases that no longer share similar risk characteristics with other loans and leases and a pooled loans component for loans and leases that share similar risk characteristics.

Our CECL methodology for the collectively evaluated loans includes both quantitative and qualitative loss factors which are applied to our population of loans and leases and assessed at a pool level. Loans with similar risk characteristics are evaluated collectively using the quantitative models applying pool-specific probability of default ("PD") and loss given default ("LGD") rates to the expected exposure at default ("EAD") over the contractual life of loans and leases considering the effects of prepayments. The portfolios are segmented by major loan classes based upon loan types that share similar default risk characteristics. Historical loss experience, internal credit ratings, prepayments and economic forecast are incorporated into expected credit losses. Management uses probability weighted external forecasts to support the reasonable and supportable forecast. After that period, assumptions revert to our historical experience. The qualitative portion of the reserve on collectively evaluated loans and leases represents management's judgment of additional considerations to account for internal and external risk factors, conditions that may not be appropriately reflected in quantitatively derived results, or other relevant factors to ensure the allowance for credit losses reflects our best estimate of current expected credit losses. Current forecasted economic trends and underlying market values for collateral dependent loans are generally consider to be encompassed within the CECL quantitative reserve. An incremental qualitative adjustment may be considered when economic forecasts exhibit higher levels of volatility or uncertainty.

The PDs calculated by the quantitative models are highly correlated to our internal risk ratings assigned to each loan and lease. To ensure the accuracy of our credit risk ratings, an independent credit review function assesses the appropriateness of the credit risk ratings assigned to loans and leases on a regular basis. The credit risk ratings assigned to every loan and lease are as follows:

•High Pass (Risk ratings 1-2). Loans and leases rated as "high pass" exhibit a favorable credit profile and have minimal risk characteristics. Repayment in full is expected, even in adverse economic conditions.

•Pass (Risk ratings 3-4.5). Loans and leases rated as "pass" are not adversely classified and collection and repayment in full are expected.

•Special Mention (Risk rating 5). Loans and leases rated as "special mention" have a potential weakness that requires management's attention. If not addressed, these potential weaknesses may result in further deterioration in the borrower's ability to repay the loan or lease.

•Substandard (Risk rating 6). Loans and leases rated as "substandard" have a well-defined weakness or weaknesses that jeopardize the collection of the debt. They are characterized by the possibility that we will sustain some loss if the weaknesses are not corrected.

•Doubtful (Risk rating 7). Loans and leases rated as "doubtful" have all the weaknesses of those rated as "substandard," with the additional trait that the weaknesses make collection or repayment in full highly questionable and improbable.

We may refer to the loans and leases with assigned credit risk ratings of "substandard" and "doubtful" together as "classified" loans and leases. For further information on classified loans and leases, see "Note 5. Loans and Leases."

Expected credit losses on unfunded commitments are estimated using the same frameworks applied to the funded loans, adjusted for expected utilization.

The CECL methodology requires a significant amount of management judgment in determining the appropriate allowance for credit losses. Most of the steps in the methodology involve judgment and are subjective in nature including, among other things: segmenting the loan and lease portfolio; determining the amount of loss history to consider; selecting predictive econometric regression models that use appropriate macroeconomic variables; determining the methodology to forecast prepayments; selecting the most appropriate economic forecast scenario or weighting of multiple scenarios; determining the length of the reasonable and supportable forecast and reversion periods; estimating expected utilization rates on unfunded loan commitments; and assessing relevant and appropriate qualitative factors. In addition, the CECL methodology is dependent on economic forecasts which are inherently imprecise and will change from period to period. Although the allowance for credit losses is considered appropriate, there can be no assurance that it will be sufficient to absorb future losses.

Management believes the allowance for credit losses is appropriate for the current expected credit losses in our loan and lease portfolio and associated unfunded commitments, and the credit risk ratings and inherent loss rates currently assigned are reasonable and appropriate as of the reporting date. It is possible that others, given the same information, may at any point in time reach different conclusions that could result in a significant impact to the Company's consolidated financial statements.

Land, Premises and Equipment

Premises and equipment are stated at cost less accumulated depreciation and amortization. Land is carried at cost and not depreciated. Depreciation and amortization is charged to "Noninterest expense" in the consolidated statements of earnings (loss) using the straight‑line method over the estimated useful lives of the assets. The estimated useful lives of furniture, fixtures and equipment range from 3 years to 7 years and for buildings up to 40 years. Leasehold improvements are amortized over their estimated useful lives, or the life of the lease, whichever is shorter. Maintenance and repairs are expensed as incurred and improvements that extend the useful lives of assets are capitalized.

Foreclosed Assets

Foreclosed assets include OREO and repossessed non-real estate assets. Foreclosed assets are initially recorded at the estimated fair value of the property, based on current independent appraisals obtained at the time of acquisition, less estimated costs to sell, including senior obligations such as delinquent property taxes. The excess of the recorded loan balance over the estimated fair value of the property at the time of acquisition less estimated costs to sell is charged to the allowance for loan and lease losses. Any subsequent write‑downs are charged to "Noninterest expense" in the consolidated statements of earnings (loss) and recognized through a foreclosed assets valuation allowance. Subsequent increases in the fair value of the asset less selling costs reduce the foreclosed assets valuation allowance, but not below zero, and are credited to "Noninterest expense." Gains and losses on the sale of foreclosed assets and operating expenses of such assets are included in "Noninterest expense."

Bank Owned Life Insurance

The Bank has purchased life insurance policies on certain key employees. BOLI is recorded at the amount that can be realized under the insurance contract, which is the cash surrender value.

Mortgage Servicing Rights

Mortgage servicing rights ("MSRs") give us the contractual rights to receive service fees in exchange for performing loan servicing functions on behalf of investors who have an ownership interest in the loans being serviced. Purchased mortgage servicing rights are recorded at the purchase price at the time of acquisition, which approximates the fair value of such assets. Subsequent to acquisition, MSRs are accounted for under the amortization method and amortized over the period of estimated net servicing income (level yield method) generated from servicing the loans. MSRs are evaluated quarterly for impairment by estimating the fair value of the MSRs and comparing that value to their amortized cost. Impairment, if any, is recognized with a valuation allowance to the extent the fair value is less than the carrying value of the MSRs. Subsequent increases in the fair value of impaired MSRs are recognized only up to the amount of the previously recognized valuation allowance. The estimated fair value of the MSRs is obtained through independent third-party valuations based on an analysis of future cash flows, incorporating key assumptions including discount rates, prepayment speeds and interest rates.

Income Taxes

Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in earnings in the period that includes the enactment date. Any interest or penalties assessed by the taxing authorities is classified in the financial statements as income tax expense. We and our subsidiaries are subject to U.S. federal income tax as well as income tax in multiple state jurisdictions. Deferred tax assets and liabilities of the same jurisdiction, net of valuation allowances, are grouped together and reported net on the consolidated balance sheets.

On a periodic basis, the Company evaluates its DTAs to assess whether they are expected to be realized in the future. This determination is based on currently available facts and circumstances, including our current and projected future tax positions, the historical level of our taxable income, and estimates of our future taxable income. In most cases, the realization of DTAs is based on our future profitability. To the extent our DTAs are not considered more likely than not to be realized, we are required to record a valuation allowance on our DTAs by charging earnings. The Company also evaluates existing valuation allowances periodically to determine if sufficient evidence exists to support an increase or reduction in the allowance.

Goodwill and Intangible Assets

Goodwill and Other Intangible Assets

Goodwill and other intangible assets arise from the acquisition method of accounting for business combinations. Goodwill generated from business combinations is not subject to amortization and instead is tested for impairment annually at the reporting unit level unless a triggering event occurs thereby requiring an updated assessment. Impairment may be tested by first assessing qualitative factors. If qualitative factors do not indicate impairment, the test is complete. However, if the qualitative factors indicate it is more-likely-than-not that goodwill is impaired, a quantitative test is performed. In accordance with ASC Topic 350, Intangibles – Goodwill and Other, the Company has an unconditional option to bypass the qualitative assessment and proceed directly to the quantitative assessment. If the Company elects to perform a qualitative assessment, there is no requirement for the Company to perform it for every reporting unit and there is no requirement for the qualitative assessment to be performed every period. In each period and for each reporting unit, the Company decides whether it will reduce costs and complexity to perform the optional qualitative assessment or to proceed directly to the quantitative test.

Our regular annual impairment assessment occurs in the fourth quarter. Goodwill represents the excess of the purchase price over the fair value of the net assets and other identifiable intangible assets acquired. Impairment exists when the carrying value of the goodwill exceeds the fair value of the reporting unit. An impairment loss would be recognized in an amount equal to that excess as a charge to "Noninterest expense" in the consolidated statements of earnings (loss).

Intangible assets with estimable useful lives are amortized over such useful lives to their estimated residual values. CDI and CRI are recognized apart from goodwill at the time of acquisition based on market valuations. In preparing such valuations, variables considered included deposit servicing costs, alternative cost of funds, attrition rates, and market discount rates. CDI assets are amortized to expense over their useful lives, which we have estimated to range from 7 to 10 years. CRI assets are amortized to expense over their useful lives, which we have estimated to range from 4 to 7 years. The amortization expense represents the estimated decline in the value of the underlying deposits or customer relationships acquired.

Both CDI and CRI are reviewed for impairment quarterly for triggering events indicating their carrying values may not be recoverable. If the recoverable amount of either CDI or CRI is determined to be less than its carrying value, we would then measure the amount of impairment based on an estimate of the intangible asset’s fair value at that time. If the fair value is below the carrying value, then the intangible asset is reduced to such fair value; an impairment loss for such amount would be recognized as a charge to "Noninterest expense" in the consolidated statements of earnings (loss).

Stock-based Compensation

Stock-Based Compensation

The Company issues stock-based compensation instruments consisting of RSUs, TRSAs and PSUs. Compensation expense related to RSUs and TRSAs is based on the fair value of the underlying stock on the award date and is recognized over the required service period using the straight‑line method. The market price of our voting common stock at the date of grant is used to determine the grant date fair value of restricted stock awards and units. For stock awards and units that contain a market condition, a Monte Carlo simulation valuation model is used to calculate the grant date fair value of such awards. Forfeitures of stock-based awards are recognized when they occur. Compensation expense related to PSUs is based on the fair value of the underlying stock on the award date and is amortized over the vesting period using the straight-line method unless it is determined that: (1) attainment of the financial metrics is less than probable, in which case a portion of the amortization is suspended, or (2) attainment of the financial metrics is improbable, in which case a portion of the previously recognized amortization is reversed and also suspended. PSUs expense may vary during the performance period based upon changes in management's estimate of the number of shares that may ultimately vest. In the case where the performance target for the PSUs is based on a market condition (such as total shareholder return), the amortization is neither reversed nor suspended if it is subsequently determined that the attainment of the performance target is less than probable or improbable and the employee continues to meet the service requirement of the award.

Unvested RSUs participate with common stock in any dividends declared, but are only paid on the shares which ultimately vest, if any, at each vesting date. At the time of vesting, the vested shares are entitled to receive cumulative dividends declared and paid since the last vesting date of the award. Unvested TRSAs participate with common stock in any dividends declared and paid. Dividends are paid on unvested TRSAs and are charged to equity, and the related tax impact is recorded to income tax expense. Dividends paid on forfeited TRSAs are charged to compensation expense.

Earnings Per Share

Earnings (Loss) Per Common Share

Earnings (loss) per common share (“EPS”) is computed under the two-class method. Basic EPS is computed by dividing net income (loss) allocated to common stockholders by the weighted average number of shares outstanding. Net income (loss) allocated to common stockholders is computed by subtracting income (loss) allocated to participating securities, participating securities dividends, preferred stock dividends and preferred stock redemptions from net income. All unvested restricted stock awards and NVCE shares that contain rights to non-forfeitable dividends are considered participating securities. In the two-class method, the amount of our earnings (loss) available to common stockholders is divided by the weighted average shares outstanding, excluding any unvested restricted stock.

Diluted EPS is calculated using the more dilutive of either the treasury method or the two-class method. The dilutive calculation considers common stock issuable under the assumed exercise of warrants, as well as performance-based RSUs granted under the Company’s stock plans using the treasury stock method, if dilutive. Diluted EPS is computed by dividing net income (loss) allocated to common stockholders by the weighted average number of shares outstanding, adjusted for the dilutive effect, if any, of unvested restricted stock and units and outstanding warrants.

Business Combinations

Business combinations are accounted for under the acquisition method of accounting in accordance with ASC Topic 805, “Business Combinations.” Under the acquisition method, the acquiring entity in a business combination recognizes 100 percent of the acquired assets and assumed liabilities, regardless of the percentage owned, at their estimated fair values as of the date of acquisition. Any excess of the purchase price over the fair value of net assets and other identifiable intangible assets acquired is recorded as goodwill. To the extent the fair value of net assets acquired, including other identifiable assets, exceeds the purchase price, a bargain purchase gain is recognized. Assets acquired and liabilities assumed from contingencies must also be recognized at fair value, if the fair value can be determined during the measurement period. Results of operations of an acquired business are included in the consolidated statements of earnings (loss) from the date of acquisition. Acquisition‑related costs, including conversion and restructuring charges, are expensed as incurred.

Business Segments

We regularly assess our strategic plans, operations, reporting structures and financial information provided to management to identify our reportable segments. We operated as one reportable segment - Commercial Banking. The factors considered in making this determination include the nature of products and services offered, geographic regions in which we operate and how information is reviewed by our CODM. See "Note 24. Segment Reporting."

Advertising Costs

Advertising costs are expensed as incurred.

NOTE 5. LOANS AND LEASES

Loans and Leases Held for Investment

The following table summarizes the composition of our loans and leases HFI as of the dates indicated:


	December 31,
	2025		2024
	(In thousands)
Real estate mortgage	$	13,846,097	$	13,605,595
Real estate construction and land (1)	1,959,591		3,187,146
Commercial	8,994,466		6,788,923
Consumer	355,333		402,254
Total gross loans and leases HFI	25,155,487		23,983,918
Unearned discounts, net (2)	(86,061)		(175,713)
Deferred fees, net	(36,747)		(26,542)
Total loans and leases HFI	25,032,679		23,781,663
Allowance for loan and lease losses	(245,612)		(239,360)
Total loans and leases held for investment, net (3)	$	24,787,067	$	23,542,303

____________________

(1) Includes land and acquisition and development loans of $214.5 million and $223.9 million at December 31, 2025 and 2024.

(3) Excludes accrued interest receivable of $104.3 million and $96.8 million at December 31, 2025 and 2024, which is recorded in "Other assets" on the consolidated balance sheets.

The following tables present an aging analysis of our loans and leases HFI by loan portfolio segment and class as of the dates indicated:


	December 31, 2025
	30 - 89		90 or More
	Days		Days		Total
	Past Due		Past Due		Past Due		Current		Total
	(In thousands)
Real estate mortgage:
Commercial	$	10,498	$	46,506	$	57,004	$	4,257,633	$	4,314,637
Multi-family	32,887		2,536		35,423		6,053,994		6,089,417
Other residential	34,319		42,780		77,099		3,269,634		3,346,733
Total real estate mortgage	77,704		91,822		169,526		13,581,261		13,750,787
Real estate construction and land:
Commercial	—		—		—		379,387		379,387
Residential	26,540		—		26,540		1,541,700		1,568,240
Total real estate construction and land	26,540		—		26,540		1,921,087		1,947,627
Commercial:
Asset-based	1,142		—		1,142		2,949,868		2,951,010
Venture capital	—		—		—		2,222,097		2,222,097
Other commercial	984		104		1,088		3,803,011		3,804,099
Total commercial	2,126		104		2,230		8,974,976		8,977,206
Consumer	1,933		729		2,662		354,397		357,059
Total	$	108,303	$	92,655	$	200,958	$	24,831,721	$	25,032,679


	December 31, 2024
	30 - 89		90 or More
	Days		Days		Total
	Past Due		Past Due		Past Due		Current		Total
	(In thousands)
Real estate mortgage:
Commercial	$	27,700	$	22,561	$	50,261	$	4,528,511	$	4,578,772
Multi-family	10,346		21,860		32,206		6,009,507		6,041,713
Other residential	39,873		36,976		76,849		2,730,325		2,807,174
Total real estate mortgage	77,919		81,397		159,316		13,268,343		13,427,659
Real estate construction and land:
Commercial	—		—		—		799,131		799,131
Residential	—		—		—		2,373,162		2,373,162
Total real estate construction and land	—		—		—		3,172,293		3,172,293
Commercial:
Asset-based	1,795		—		1,795		2,086,174		2,087,969
Venture capital	5,534		—		5,534		1,532,242		1,537,776
Other commercial	3,295		6,956		10,251		3,142,833		3,153,084
Total commercial	10,624		6,956		17,580		6,761,249		6,778,829
Consumer	2,804		493		3,297		399,585		402,882
Total	$	91,347	$	88,846	$	180,193	$	23,601,470	$	23,781,663

The following table presents our nonaccrual and performing loans and leases HFI by loan portfolio segment and class as of the dates indicated:


	December 31,
	2025						2024
	Nonaccrual		Performing		Total		Nonaccrual		Performing		Total
	(In thousands)
Real estate mortgage:
Commercial	$	93,334	$	4,221,303	$	4,314,637	$	97,655	$	4,481,117	$	4,578,772
Multi-family	3,358		6,086,059		6,089,417		22,763		6,018,950		6,041,713
Other residential	57,984		3,288,749		3,346,733		46,788		2,760,386		2,807,174
Total real estate mortgage	154,676		13,596,111		13,750,787		167,206		13,260,453		13,427,659
Real estate construction and land:
Commercial	—		379,387		379,387		—		799,131		799,131
Residential	—		1,568,240		1,568,240		—		2,373,162		2,373,162
Total real estate construction and land	—		1,947,627		1,947,627		—		3,172,293		3,172,293
Commercial:
Asset-based	—		2,951,010		2,951,010		1,940		2,086,029		2,087,969
Venture capital	625		2,221,472		2,222,097		6,291		1,531,485		1,537,776
Other commercial	2,510		3,801,589		3,804,099		13,544		3,139,540		3,153,084
Total commercial	3,135		8,974,071		8,977,206		21,775		6,757,054		6,778,829
Consumer	1,357		355,702		357,059		624		402,258		402,882
Total	$	159,168	$	24,873,511	$	25,032,679	$	189,605	$	23,592,058	$	23,781,663

As of December 31, 2025, our three largest loan relationships on nonaccrual status had an aggregate carrying value of $43.5 million and represented 27% of total nonaccrual loans and leases.


	December 31, 2025
	Classified		Special Mention		Pass		Total
	(In thousands)
Real estate mortgage:
Commercial	$	297,606	$	126,998	$	3,890,033	$	4,314,637
Multi-family	166,385		216,286		5,706,746		6,089,417
Other residential	58,202		—		3,288,531		3,346,733
Total real estate mortgage	522,193		343,284		12,885,310		13,750,787
Real estate construction and land:
Commercial	52,828		—		326,559		379,387
Residential	2,982		10,714		1,554,544		1,568,240
Total real estate construction and land	55,810		10,714		1,881,103		1,947,627
Commercial:
Asset-based	36,732		7,180		2,907,098		2,951,010
Venture capital	171,847		64,577		1,985,673		2,222,097
Other commercial	12,143		27,689		3,764,267		3,804,099
Total commercial	220,722		99,446		8,657,038		8,977,206
Consumer	1,605		5,239		350,215		357,059
Total	$	800,330	$	458,683	$	23,773,666	$	25,032,679


	December 31, 2024
	Classified		Special Mention		Pass		Total
	(In thousands)
Real estate mortgage:
Commercial	$	301,278	$	348,014	$	3,929,480	$	4,578,772
Multi-family	113,164		202,690		5,725,859		6,041,713
Other residential	47,993		14,351		2,744,830		2,807,174
Total real estate mortgage	462,435		565,055		12,400,169		13,427,659
Real estate construction and land:
Commercial	—		148,024		651,107		799,131
Residential	—		203,220		2,169,942		2,373,162
Total real estate construction and land	—		351,244		2,821,049		3,172,293
Commercial:
Asset-based	5,003		9,547		2,073,419		2,087,969
Venture capital	75,406		125,320		1,337,050		1,537,776
Other commercial	19,949		38,741		3,094,394		3,153,084
Total commercial	100,358		173,608		6,504,863		6,778,829
Consumer	709		7,408		394,765		402,882
Total	$	563,502	$	1,097,315	$	22,120,846	$	23,781,663


	At and For the Year Ended
	December 31, 2025				December 31, 2024
	Nonaccrual		Interest		Nonaccrual		Interest
	Recorded		Income		Recorded		Income
	Investment		Recognized		Investment		Recognized
	(In thousands)
With An Allowance Recorded:
Real estate mortgage:
Commercial	$	26,594	$	—	$	9,864	$	—
Multi-family	—		—		—		—
Other residential	153		—		223		—



Commercial:

Venture capital	—		—		757		—
Other commercial	1,264		—		8,885		—
Consumer	1,358		—		624		—
With No Related Allowance Recorded:
Real estate mortgage:
Commercial	$	66,740	$	64	$	87,791	$	13
Multi-family	3,358		—		22,763		—
Other residential	57,831		—		46,565		—



Commercial:
Asset based	—		—		1,940		—
Venture capital	625		—		5,534		—
Other commercial	1,246		1,179		4,659		—
Consumer	(1)		—		—		—
Total Loans and Leases With and
Without an Allowance Recorded:
Real estate mortgage	$	154,676	$	64	$	167,206	$	13
Real estate construction and land	—		—		—		—
Commercial	3,135		1,179		21,775		—
Consumer	1,357		—		624		—
Total	$	159,168	$	1,243	$	189,605	$	13


															Revolving
															Converted
Amortized Cost Basis	Term Loans by Origination Year												Revolving		to Term
December 31, 2025	2025		2024		2023		2022		2021		Prior		Loans		Loans		Total
	(In thousands)
Real Estate Mortgage:
Commercial
Internal risk rating:
1-2 High pass	$	14,708	$	3,470	$	2,787	$	23,377	$	33,027	$	77,427	$	—	$	—	$	154,796
3-4.5 Pass	430,807		181,597		121,685		781,194		608,067		1,544,708		61,764		5,415		3,735,237
5 Special mention	—		—		—		23,072		43,724		37,155		—		23,047		126,998
6-8 Classified	—		23,880		27,514		57,759		53,699		134,754		—		—		297,606
Total	$	445,515	$	208,947	$	151,986	$	885,402	$	738,517	$	1,794,044	$	61,764	$	28,462	$	4,314,637
Current YTD period:
Gross charge-offs	$	—	$	—	$	51	$	2,416	$	613	$	16,650	$	—	$	—	$	19,730

Real Estate Mortgage:
Multi-Family
Internal risk rating:
1-2 High pass	$	—	$	—	$	—	$	53,190	$	175,257	$	155,222	$	—	$	—	$	383,669
3-4.5 Pass	429,017		131,377		54,475		2,126,937		1,120,759		1,459,061		1,451		—		5,323,077
5 Special mention	10,472		28,948		5,412		97,980		28,727		44,747		—		—		216,286
6-8 Classified	—		19,989		—		64,972		28,372		53,052		—		—		166,385
Total	$	439,489	$	180,314	$	59,887	$	2,343,079	$	1,353,115	$	1,712,082	$	1,451	$	—	$	6,089,417
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	3,275	$	—	$	—	$	3,275

Real Estate Mortgage:
Other Residential
Internal risk rating:
1-2 High pass	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
3-4.5 Pass	752,817		40,271		22,332		263,745		2,015,936		91,935		101,495		—		3,288,531
5 Special mention	—		—		—		—		—		—		—		—		—
6-8 Classified	1,122		—		543		28,599		26,712		228		998		—		58,202
Total	$	753,939	$	40,271	$	22,875	$	292,344	$	2,042,648	$	92,163	$	102,493	$	—	$	3,346,733
Current YTD period:
Gross charge-offs	$	—	$	—	$	145	$	2,624	$	733	$	—	$	—	$	—	$	3,502


															Revolving
															Converted
Amortized Cost Basis	Term Loans by Origination Year												Revolving		to Term
December 31, 2025	2025		2024		2023		2022		2021		Prior		Loans		Loans		Total
	(In thousands)
Real Estate Construction
and Land: Commercial
Internal risk rating:
1-2 High pass	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
3-4.5 Pass	123,586		51,969		64,663		44,365		40,315		1,661		—		—		326,559
5 Special mention	—		—		—		—		—		—		—		—		—
6-8 Classified	—		—		—		52,828		—		—		—		—		52,828
Total	$	123,586	$	51,969	$	64,663	$	97,193	$	40,315	$	1,661	$	—	$	—	$	379,387
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	20,196	$	1,340	$	—	$	—	$	—	$	21,536
Real Estate Construction
and Land: Residential
Internal risk rating:
1-2 High pass	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
3-4.5 Pass	100,284		189,207		196,046		705,647		188,284		80,625		94,451		—		1,554,544
5 Special mention	—		—		—		4,308		6,406		—		—		—		10,714
6-8 Classified	—		—		—		—		2,982		—		—		—		2,982
Total	$	100,284	$	189,207	$	196,046	$	709,955	$	197,672	$	80,625	$	94,451	$	—	$	1,568,240
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial: Asset-Based
Internal risk rating:
1-2 High pass	$	41,364	$	29,359	$	23,020	$	122,112	$	185,978	$	197,800	$	204,041	$	—	$	803,674
3-4.5 Pass	355,855		40,478		77,608		144,338		72,205		8,625		1,404,315		—		2,103,424
5 Special mention	—		—		—		—		—		—		7,180		—		7,180
6-8 Classified	5,650		—		194		5,564		—		—		25,324		—		36,732
Total	$	402,869	$	69,837	$	100,822	$	272,014	$	258,183	$	206,425	$	1,640,860	$	—	$	2,951,010
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


															Revolving
															Converted
Amortized Cost Basis (1)	Term Loans by Origination Year												Revolving		to Term
December 31, 2025	2025		2024		2023		2022		2021		Prior		Loans		Loans		Total
	(In thousands)
Commercial: Venture Capital
Internal risk rating:
1-2 High pass	$	(279)	$	(75)	$	(67)	$	—	$	—	$	—	$	138,159	$	22,167	$	159,905
3-4.5 Pass	113,608		93,269		60,589		25,483		47,321		16,979		1,437,845		30,674		1,825,768
5 Special mention	19,964		(4)		21,986		—		—		—		22,044		587		64,577
6-8 Classified	625		33,631		33,431		46,535		12,484		—		45,141		—		171,847
Total	$	133,918	$	126,821	$	115,939	$	72,018	$	59,805	$	16,979	$	1,643,189	$	53,428	$	2,222,097
Current YTD period:
Gross charge-offs	$	993	$	—	$	—	$	—	$	5,257	$	—	$	—	$	—	$	6,250
Commercial: Other Commercial
Internal risk rating:
1-2 High pass	$	2,929	$	903	$	172	$	20,124	$	611	$	(61)	$	53,892	$	(1)	$	78,569
3-4.5 Pass	226,226		51,373		61,827		44,555		167,436		135,630		2,969,078		29,573		3,685,698
5 Special mention	—		—		9,022		5,062		779		85		12,147		594		27,689
6-8 Classified	—		2,447		—		2,918		44		1,271		4,414		1,049		12,143
Total	$	229,155	$	54,723	$	71,021	$	72,659	$	168,870	$	136,925	$	3,039,531	$	31,215	$	3,804,099
Current YTD period:
Gross charge-offs	$	—	$	—	$	1,393	$	727	$	228	$	2,039	$	11,596	$	744	$	16,727

Consumer
Internal risk rating:
1-2 High pass	$	66	$	—	$	—	$	14	$	7	$	—	$	489	$	—	$	576
3-4.5 Pass	28,736		24,251		13,618		51,008		149,047		79,026		3,809		144		349,639
5 Special mention	—		—		—		1,029		2,964		1,246		—		—		5,239
6-8 Classified	—		—		—		151		349		853		—		252		1,605
Total	$	28,802	$	24,251	$	13,618	$	52,202	$	152,367	$	81,125	$	4,298	$	396	$	357,059
Current YTD period:
Gross charge-offs	$	—	$	—	$	92	$	1,104	$	1,892	$	1,395	$	1	$	1	$	4,485

Total Loans and Leases
Internal risk rating:
1-2 High pass	$	58,788	$	33,657	$	25,912	$	218,817	$	394,880	$	430,388	$	396,581	$	22,166	$	1,581,189
3-4.5 Pass	2,560,936		803,792		672,843		4,187,272		4,409,370		3,418,250		6,074,208		65,806		22,192,477
5 Special mention	30,436		28,944		36,420		131,451		82,600		83,233		41,371		24,228		458,683
6-8 Classified	7,397		79,947		61,682		259,326		124,642		190,158		75,877		1,301		800,330
Total	$	2,657,557	$	946,340	$	796,857	$	4,796,866	$	5,011,492	$	4,122,029	$	6,588,037	$	113,501	$	25,032,679
Current YTD period:
Gross charge-offs	$	993	$	—	$	1,681	$	27,067	$	10,063	$	23,359	$	11,597	$	745	$	75,505

____________________

(1) Amounts with negative balances are loans with zero principal balances and deferred loan origination fees.


															Revolving
															Converted
Amortized Cost Basis (1)	Term Loans by Origination Year												Revolving		to Term
December 31, 2024	2024		2023		2022		2021		2020		Prior		Loans		Loans		Total
	(In thousands)
Real Estate Mortgage:
Commercial
Internal risk rating:
1-3 High pass	$	1,694	$	—	$	26,166	$	22,821	$	8,089	$	78,588	$	1	$	—	$	137,359
4-6 Pass	232,808		132,389		800,877		682,806		450,822		1,407,314		56,481		28,624		3,792,121
7 Special mention	—		23,844		123,589		24,364		—		176,217		—		—		348,014
8-9 Classified	13,587		1,765		27,579		68,488		20,853		169,006		—		—		301,278
Total	$	248,089	$	157,998	$	978,211	$	798,479	$	479,764	$	1,831,125	$	56,482	$	28,624	$	4,578,772
Current YTD period:
Gross charge-offs	$	—	$	—	$	175	$	12,217	$	9,714	$	1,481	$	—	$	—	$	23,587

Real Estate Mortgage:
Multi-Family
Internal risk rating:
1-3 High pass	$	—	$	—	$	55,847	$	214,583	$	62,942	$	129,163	$	—	$	—	$	462,535
4-6 Pass	223,333		60,137		2,037,864		1,154,452		451,602		1,324,816		11,120		—		5,263,324
7 Special mention	—		—		112,963		35,065		—		40,262		—		14,400		202,690
8-9 Classified	—		—		40,018		33,877		4,751		34,518		—		—		113,164
Total	$	223,333	$	60,137	$	2,246,692	$	1,437,977	$	519,295	$	1,528,759	$	11,120	$	14,400	$	6,041,713
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Real Estate Mortgage:
Other Residential
Internal risk rating:
1-3 High pass	$	—	$	—	$	—	$	—	$	—	$	—	$	3,510	$	—	$	3,510
4-6 Pass	(562)		31,318		336,719		2,235,006		53,094		43,510		42,158		77		2,741,320
7 Special mention	—		310		8,121		5,644		—		276		—		—		14,351
8-9 Classified	—		3,571		25,616		17,189		—		1,448		169		—		47,993
Total	$	(562)	$	35,199	$	370,456	$	2,257,839	$	53,094	$	45,234	$	45,837	$	77	$	2,807,174
Current YTD period:
Gross charge-offs	$	—	$	3,445	$	29,099	$	6,394	$	350	$	67	$	175	$	—	$	39,530

____________________

(1) Amounts with negative balances are loans with zero principal balances and deferred loan origination fees.


															Revolving
															Converted
Amortized Cost Basis	Term Loans by Origination Year												Revolving		to Term
December 31, 2024	2024		2023		2022		2021		2020		Prior		Loans		Loans		Total
	(In thousands)
Real Estate Construction
and Land: Commercial
Internal risk rating:
1-3 High pass	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
4-6 Pass	29,674		47,183		404,732		115,729		45,576		8,213		—		—		651,107
7 Special mention	10,501		—		—		111,933		—		—		25,590		—		148,024
8-9 Classified	—		—		—		—		—		—		—		—		—
Total	$	40,175	$	47,183	$	404,732	$	227,662	$	45,576	$	8,213	$	25,590	$	—	$	799,131
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Real Estate Construction
and Land: Residential
Internal risk rating:
1-3 High pass	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
4-6 Pass	97,488		194,405		1,113,955		436,335		224,511		—		103,248		—		2,169,942
7 Special mention	—		—		143,136		60,084		—		—		—		—		203,220
8-9 Classified	—		—		—		—		—		—		—		—		—
Total	$	97,488	$	194,405	$	1,257,091	$	496,419	$	224,511	$	—	$	103,248	$	—	$	2,373,162
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial: Asset-Based
Internal risk rating:
1-3 High pass	$	39,542	$	37,081	$	163,918	$	222,942	$	15,730	$	251,167	$	195,994	$	—	$	926,374
4-6 Pass	100,098		88,514		180,433		68,372		9,653		34,331		618,036		47,608		1,147,045
7 Special mention	—		194		5,569		—		—		—		3,784		—		9,547
8-9 Classified	—		—		—		—		—		—		5,003		—		5,003
Total	$	139,640	$	125,789	$	349,920	$	291,314	$	25,383	$	285,498	$	822,817	$	47,608	$	2,087,969
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	92	$	—	$	—	$	—	$	92


															Revolving
															Converted
Amortized Cost Basis (1)	Term Loans by Origination Year												Revolving		to Term
December 31, 2024	2024		2023		2022		2021		2020		Prior		Loans		Loans		Total
	(In thousands)
Commercial: Venture Capital
Internal risk rating:
1-3 High pass	$	(92)	$	(100)	$	—	$	414	$	2,101	$	—	$	72,745	$	23,426	$	98,494
4-6 Pass	100,854		104,022		79,659		76,224		3,784		17,749		777,199		79,065		1,238,556
7 Special mention	1,396		56,973		(1)		29,973		—		—		36,979		—		125,320
8-9 Classified	14,895		—		12,821		20,182		—		—		27,508		—		75,406
Total	$	117,053	$	160,895	$	92,479	$	126,793	$	5,885	$	17,749	$	914,431	$	102,491	$	1,537,776
Current YTD period:
Gross charge-offs	$	—	$	2,272	$	—	$	14,000	$	—	$	2	$	140	$	—	$	16,414
Commercial: Other Commercial
Internal risk rating:
1-3 High pass	$	685	$	241	$	20,873	$	3,360	$	10	$	(83)	$	73,596	$	—	$	98,682
4-6 Pass	66,097		98,878		117,846		199,252		39,244		160,030		2,252,507		61,858		2,995,712
7 Special mention	6,462		8,912		2,880		144		—		127		20,073		143		38,741
8-9 Classified	—		1,397		1,243		2,365		—		5,836		8,234		874		19,949
Total	$	73,244	$	109,428	$	142,842	$	205,121	$	39,254	$	165,910	$	2,354,410	$	62,875	$	3,153,084
Current YTD period:
Gross charge-offs	$	—	$	—	$	1,144	$	500	$	1,696	$	3,159	$	2,712	$	605	$	9,816

Consumer
Internal risk rating:
1-3 High pass	$	—	$	—	$	20	$	15	$	1	$	—	$	932	$	—	$	968
4-6 Pass	31,034		19,181		59,594		176,189		18,658		82,678		6,231		232		393,797
7 Special mention	—		—		1,327		4,179		142		1,760		—		—		7,408
8-9 Classified	—		—		32		283		34		350		—		10		709
Total	$	31,034	$	19,181	$	60,973	$	180,666	$	18,835	$	84,788	$	7,163	$	242	$	402,882
Current YTD period:
Gross charge-offs	$	—	$	198	$	790	$	2,733	$	352	$	1,427	$	4	$	—	$	5,504

Total Loans and Leases
Internal risk rating:
1-3 High pass	$	41,829	$	37,222	$	266,824	$	464,135	$	88,873	$	458,835	$	346,778	$	23,426	$	1,727,922
4-6 Pass	880,824		776,027		5,131,679		5,144,365		1,296,944		3,078,641		3,866,980		217,464		20,392,924
7 Special mention	18,359		90,233		397,584		271,386		142		218,642		86,426		14,543		1,097,315
8-9 Classified	28,482		6,733		107,309		142,384		25,638		211,158		40,914		884		563,502
Total	$	969,494	$	910,215	$	5,903,396	$	6,022,270	$	1,411,597	$	3,967,276	$	4,341,098	$	256,317	$	23,781,663
Current YTD period:
Gross charge-offs	$	—	$	5,915	$	31,208	$	35,844	$	12,204	$	6,136	$	3,031	$	605	$	94,943

______________________

(1) Amounts with negative balances are loans with zero principal balances and deferred loan origination fees.

Loan Modifications


	Amortized Cost Basis at December 31, 2025
											Term Extension,
							Term Extension		Term Extension		Payment Delay,				% of
					Interest		and		and Interest		and Interest				Total
	Term Extension		Payment Delay		Rate Reduction		Payment Delays		Rate Reduction		Rate Reduction		Total		Loans
	(Dollars in thousands)
Real estate mortgage:
Commercial	$	108,639	$	4,484	$	5,803	$	—	$	—	$	—	$	118,926	2.8	%
Multi-family	48,641		—		—		—		—		—		48,641		0.8	%
Other residential	1,455		2,197		—		—		—		—		3,652		0.1	%

Real estate construction and land:
Residential	2,982		—		—		—		—		—		2,982		0.2	%
Commercial:
Asset-based	30,974		—		—		—		—		—		30,974		1.0	%
Venture capital	45,697		—		—		25,076		—		—		70,773		3.2	%
Other commercial	747		—		—		—		614		126		1,487		—	%
Consumer	252		—		—		—		—		—		252		0.1	%
Total	$	239,387	$	6,681	$	5,803	$	25,076	$	614	$	126	$	277,687


	Amortized Cost Basis at December 31, 2024
					Term Extension		Term Extension				% of
					and		and Interest				Total
	Term Extension		Payment Delay		Payment Delays		Rate Reduction		Total		Loans
	(Dollars in thousands)
Real estate mortgage:
Commercial	$	125,027	$	45,957	$	13,899	$	13,587	$	198,470	4.3	%

Other residential	4,218		—		—		—		4,218		0.2	%





Commercial:
Asset-based	1,940		—		—		—		1,940		0.1	%
Venture capital	5,722		758		12,064		—		18,544		1.2	%
Other commercial	3,428		—		36		—		3,464		0.1	%
Consumer	9		—		—		—		9		—	%
Total	$	140,344	$	46,715	$	25,999	$	13,587	$	226,645





	Amortized Cost Basis at December 31, 2023
								Term Extension		Term Extension						% of
								and		and Interest						Total
	Term Extension		Payment Delay			Payment Delays	Rate Reduction					Total	Loans
	(Dollars in thousands)
Real estate mortgage:


Other residential	$	9,068		$	—			$	—	$	—			$	9,068		0.2	%



Commercial:

Venture capital	—			—				324		—				324			—	%
Other commercial	4,410			37				—		5				4,452			0.2	%
Consumer	14			—				—		2				16			—	%
Total	$	13,492		$	37			$	324	$	7			$	13,860

The following tables present the financial effect of our loan modifications made to borrowers experiencing financial difficulty by type of modification for the year indicated:


	Weighted Average for the Year Ended December 31, 2025
			Interest	Interest
	Term Extension	Payment Delay	Rate Reduction	Rate Reduction
	(in months)	(in months)	(in months)	(in % points)
Real estate mortgage:
Commercial	16	4	17	3.22%
Multi-family	15	—	—	—
Other residential	15	3	—	—
Real estate construction and land:

Residential	12	—	—	—
Commercial:
Asset-based	34	—	—	—
Venture capital	9	—	—	—
Other commercial	46	—	—	—
Consumer	12	—	—	—


	Weighted Average for the Year Ended December 31, 2024
			Combination -
			Principal Forgiveness
	Term Extension	Payment Delay	and Term Extension
	(in months)	(in months)	(in months)	(In millions)
Real estate mortgage:
Commercial	13	24	36	$	4.0

Other residential	84	—	—	—



Commercial:
Asset-based	7	—	—	—
Venture capital	36	3	—	—
Other commercial	13	—	—	—
Consumer	12	—	—	—


	Weighted Average for the Year Ended December 31, 2023
			Combination -
				Term Extension
	Term Extension	Payment Delay		and Payment Delay
	(in months)	(in months)		(in months)
Real estate mortgage:


Other residential	7	—		—



Commercial:

Venture capital	—	—		18
Other commercial	19	18		—
Consumer	12	—		—

The following outlines the weighted average financial effects of our combination loan modifications for borrowers experiencing financial difficulties.

The following tables present the payment status of loans that were modified during the preceding 12-month period with related amortized cost balances as of the dates indicated:


	Payment Status (Amortized Cost Basis) at December 31, 2025
			30-89 Days		90 or More Days
	Current		Past Due		Past Due		Total
	(In thousands)
Real estate mortgage:
Commercial	$	116,929	$	1,997	$	—	$	118,926
Multi-family	48,641		—		—		48,641
Other residential	1,455		—		2,197		3,652
Real estate construction and land:

Residential	2,982		—		—		2,982
Commercial:
Asset-based	30,974		—		—		30,974
Venture capital	70,773		—		—		70,773
Other commercial	1,418		69		—		1,487
Consumer	252		—		—		252
Total	$	273,424	$	2,066	$	2,197	$	277,687


	Payment Status (Amortized Cost Basis) at December 31, 2024
			30-89 Days		90 or More Days
	Current		Past Due		Past Due		Total
	(In thousands)
Real estate mortgage:
Commercial	$	188,799	$	9,671	$	—	$	198,470

Other residential	679		—		3,539		4,218



Commercial:
Asset-based	1,940		—		—		1,940
Venture capital	18,544		—		—		18,544
Other commercial	3,464		—		—		3,464
Consumer	9		—		—		9
Total	$	213,435	$	9,671	$	3,539	$	226,645


	Loan Modifications That Subsequently Defaulted Year Ended December 31, 2025
	Amortized Cost Basis at December 31, 2025
					Combination
	Term		Payment		Term Extension
	Extension		Delay		and Rate Reduction		Total
	(In thousands)
Real estate mortgage:

Multi-family	$	9,132	$	—	$	—	$	9,132
Other residential	—		2,197		—		2,197



Commercial:


Other commercial	74		—		68		142

Total	$	9,206	$	2,197	$	68	$	11,471


	Loan Modifications That Subsequently Defaulted Year Ended December 31, 2024
	Amortized Cost Basis at December 31, 2024
			Combination
	Term		Term Extension
	Extension		and Payment Delay		Total
	(In thousands)
Real estate mortgage:
Commercial	$	9,671	$	13,899	$	23,570

Other residential	3,539		—		3,539








Total	$	13,210	$	13,899	$	27,109

For the year ended December 31, 2023, other residential loans with an amortized cost basis totaling $735 thousand defaulted within 12 months of their term extensions.

Leases Receivable

The following table provides the components of leases receivable income for the period indicated:


	Year Ended December 31,
	2025		2024		2023
	(In thousands)
Component of leases receivable income:
Interest income on net investments in leases	$	14,534	$	18,714	$	16,671

The following table presents the components of leases receivable as of the date indicated:


	December 31,
	2025		2024
	(In thousands)
Net Investment in Direct Financing Leases:
Lease payments receivable	$	151,719	$	202,815
Unguaranteed residual assets	19,921		22,489
Deferred costs and other	1,793		1,955
Aggregate net investment in leases	$	173,433	$	227,259

The following table presents maturities of leases receivable as of the date indicated:


	December 31, 2025
	(In thousands)
Year Ending December 31,
2026	$	59,303
2027	45,389
2028	32,192
2029	25,182
2030	5,127
Thereafter	1,454
Total undiscounted cash flows	168,647
Less: Unearned income	(16,928)
Present value of lease payments	$	151,719

Allowance for Loan and Lease Losses

The following tables present a summary of the activity in the ALLL on loans and leases HFI by loan portfolio segment for the years indicated:


	Year Ended December 31, 2025
			Real Estate
	Real Estate		Construction
	Mortgage		and Land		Commercial		Consumer		Total
	(In thousands)
Allowance for Loan and Lease Losses:
Balance, beginning of year	$	145,754	$	10,940	$	67,833	$	14,833	$	239,360
Charge-offs	(26,507)		(21,536)		(22,977)		(4,485)		(75,505)
Recoveries	2,786		1,370		12,264		557		16,977
Net charge-offs	(23,721)		(20,166)		(10,713)		(3,928)		(58,528)
Provision	15,368		18,075		28,967		2,370		64,780
Balance, end of year	$	137,401	$	8,849	$	86,087	$	13,275	$	245,612

Ending Allowance by
Evaluation Methodology:
Individually evaluated	$	2,357	$	—	$	—	$	—	$	2,357
Collectively evaluated	$	135,044	$	8,849	$	86,087	$	13,275	$	243,255

Ending Loans and Leases by
Evaluation Methodology:
Individually evaluated	$	154,402	$	—	$	1,871	$	—	$	156,273
Collectively evaluated	13,596,385		1,947,627		8,975,335		357,059		24,876,406
Ending balance	$	13,750,787	$	1,947,627	$	8,977,206	$	357,059	$	25,032,679


	Year Ended December 31, 2024
			Real Estate
	Real Estate		Construction
	Mortgage		and Land		Commercial		Consumer		Total
	(In thousands)
Allowance for Loan and Lease Losses:
Balance, beginning of year	$	186,827	$	33,830	$	45,156	$	15,874	$	281,687

Charge-offs	(63,117)		—		(26,322)		(5,504)		(94,943)
Recoveries	2,766		—		5,711		639		9,116
Net charge-offs	(60,351)		—		(20,611)		(4,865)		(85,827)
Provision	19,278		(22,890)		43,288		3,824		43,500
Balance, end of year	$	145,754	$	10,940	$	67,833	$	14,833	$	239,360

Ending Allowance by
Evaluation Methodology:
Individually evaluated	$	1,702	$	—	$	3,706	$	—	$	5,408
Collectively evaluated	$	144,052	$	10,940	$	64,127	$	14,833	$	233,952

Ending Loans and Leases by
Evaluation Methodology:
Individually evaluated	$	167,060	$	—	$	19,831	$	—	$	186,891
Collectively evaluated	13,260,599		3,172,293		6,758,998		402,882		23,594,772
Ending balance	$	13,427,659	$	3,172,293	$	6,778,829	$	402,882	$	23,781,663


	December 31,
	2025				2024
	Real		Business				Real		Business
	Property		Assets		Total		Property		Assets		Total
	(In thousands)
Real estate mortgage	$	155,233	$	—	$	155,233	$	167,060	$	—	$	167,060

Commercial	—		625		625		—		10,870		10,870

Total	$	155,233	$	625	$	155,858	$	167,060	$	10,870	$	177,930

Allowance for Credit Losses

The following tables present a summary of the activity in the ALLL and reserve for unfunded loan commitments for the years indicated:


	Year Ended December 31, 2025
	Allowance for		Reserve for		Total
	Loan and		Unfunded Loan		Allowance for
	Lease Losses		Commitments		Credit Losses
	(In thousands)
Balance, beginning of year	$	239,360	$	29,071	$	268,431
Charge-offs	(75,505)		—		(75,505)
Recoveries	16,977		—		16,977
Net charge-offs	(58,528)		—		(58,528)
Provision	64,780		5,850		70,630
Balance, end of year	$	245,612	$	34,921	$	280,533


	Year Ended December 31, 2024
	Allowance for		Reserve for		Total
	Loan and		Unfunded Loan		Allowance for
	Lease Losses		Commitments		Credit Losses
	(In thousands)
Balance, beginning of year	$	281,687	$	29,571	$	311,258

Charge-offs	(94,943)		—		(94,943)
Recoveries	9,116		—		9,116
Net charge-offs	(85,827)		—		(85,827)
Provision	43,500		(500)		43,000
Balance, end of year	$	239,360	$	29,071	$	268,431

Derivative Instruments

The Company uses derivatives to manage exposure to market risk, primarily foreign currency risk and IRR, and to assist customers with their risk management objectives. The Company uses foreign exchange contracts to manage the foreign exchange rate risk associated with certain foreign currency-denominated assets and liabilities. The objective is to manage the uncertainty of future foreign exchange rate fluctuations. These derivatives provide for a fixed exchange rate which has the effect of reducing or eliminating changes to anticipated cash flows to be received on assets and liabilities denominated in foreign currencies as the result of changes to exchange rates. Our foreign currency derivatives are not designated as accounting hedges and recorded at fair value in "Other assets" and "Accrued interest payable and other liabilities" in the consolidated balance sheets. The changes in fair value of our derivatives and the related interest are recognized in "Noninterest income - Other income" in the consolidated statements of earnings (loss).

The Bank offers interest rate swap products to certain loan customers to allow them to hedge the risk of rising interest rates on their variable-rate loans. When such products are issued, we also enter into an offsetting swap with institutional counterparties to eliminate the IRR to us. These back-to-back swap agreements, which generate fee income for us, are intended to offset each other. We retain the credit risk of the original loan. The net cash flow for us is equal to the interest income received from a variable rate loan originated with the client plus a fee. These swaps are not designated as accounting hedges and are recorded at fair value in "Other assets" and "Accrued interest payable and other liabilities" in the consolidated balance sheets. The changes in fair value are recorded in "Noninterest income - Other income" in the consolidated statements of earnings (loss).

In connection with negotiated credit facilities and certain other services, we may obtain equity warrant assets giving us the right to acquire stock in primarily private, venture-backed companies. We account for equity warrant assets as derivatives when they contain net settlement terms and other qualifying criteria under ASC 815. These equity warrant assets are measured at estimated fair value on a monthly basis and are classified as "Other assets" in the consolidated balance sheets at the time they are obtained.

The Company uses interest rate swaps and interest rate collars to limit its exposure to IRR. The objective of these instruments is to offset the risks of changes in benchmark interest rates associated with floating rate deposits and borrowings. The Company applies hedge accounting for qualifying derivative instruments used to manage IRR. A cash flow hedge is a derivative instrument used to manage the variability in future expected cash flows that would otherwise be impacted by movements in interest rates. To quality for hedge accounting, the cash flow hedge must be highly effective at reducing the risk associated with the hedged exposure. The effectiveness of the hedging relationship is documented at inception and is monitored at least quarterly through the life of the transaction. A cash flow hedge that is designated as highly effective is carried at fair value in "Other assets" or "Accrued interest payable and other liabilities" in the consolidated balance sheets with the change in fair value recorded in accumulated other comprehensive loss, net (“AOCI”) and subsequently recognized in earnings in the same period that the hedged forecasted transaction affects earnings. At that time, the amount reclassified from AOCI is presented in the same income statement line item in which the hedged transaction is reported (interest income or expense). If the cash flow hedge becomes ineffective, the change in fair value is reclassified from AOCI to earnings. Cash flows from cash flow hedges are classified as operating activities in the statement of cash flows. We classify both the earnings and cash flow impact from these derivatives consistent with the underlying hedged item.

Derivative instruments expose us to credit risk in the event of nonperformance by counterparties. This risk exposure consists primarily of the fair value of agreements where we are in a favorable position. We manage the credit risk associated with various derivative agreements through counterparty credit review and monitoring procedures. For further information regarding this item, see "Note 12. Derivatives" under the Basis of Financial Statement Presentation for more information regarding derivative instruments.

Transfers of Financial Asset

Transfers of financial assets are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is generally considered to have been surrendered when (i) the transferred assets are legally isolated from us or our consolidated affiliates, even in bankruptcy or other receivership, (ii) the transferee has the right to pledge or exchange the assets with no conditions that constrain the transferee or provide more than a trivial benefit to us, and (iii) we do not maintain an obligation or the unilateral ability to reclaim or repurchase the assets.

We have sold financial assets in the normal course of business including individual or portfolio loans and securities sales. In accordance with accounting guidance for asset transfers, we consider any ongoing involvement with transferred assets in determining whether the assets can be derecognized from the balance sheet. With the exception of servicing and certain performance-based guarantees, our continuing involvement with financial assets sold is minimal and generally limited to market customary representation and warranty clauses.

Lessee, Leases

Operating Leases

As of December 31, 2025, the Company's operating leases related solely to our leased facilities. The Company determines whether an arrangement is a lease at contract inception. Operating leases with terms greater than 12 months are recognized as right-of-use ("ROU") assets and lease liabilities and are reported in other assets and accrued interest payable and other liabilities, respectively. The Company applies the short-term lease exemption to leases with an original term of less than 12 months, for which no ROU asset or lease liability is recorded. Lease and non-lease components are accounted for as a single lease component.

ROU assets represent the Company's right to use an underlying asset for the lease term and lease liabilities represent the obligation to make lease payments. Operating lease ROU assets and liabilities are recognized at lease commencement based on the present value of lease payments over the lease term, discounted using the Company's incremental borrowing rate. ROU assets generally equal the lease liability, adjusted for prepaid lease payments, initial direct costs, and lease incentives.

Certain lease agreements include variable payments based on changes in indices such as the CPI. Variable lease payments are recognized in the period incurred and do not result in remeasurement of ROU assets or lease liabilities. Lease terms may include options to extend or terminate the lease when it is reasonably certain such options will be exercised. Rent expense is recognized on a straight-line basis over the lease term and included in occupancy expense.

The Company uses the long-lived assets impairment guidance under ASC Topic 360-10-35, "Property, Plant and Equipment," to determine whether an ROU asset is impaired, and if impaired, the amount of loss to recognize. Long-lived assets are tested for recoverability whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. These could include vacating the leased space, obsolescence, or physical damage to a facility. Under ASC Topic 842, "Leases," if an impairment loss is recognized, the adjusted carrying amount becomes the new new accounting basis as is amortized over the remaining lease term.

Investment Securities - Realized Gains and Losses on Securities Available-for-Sale (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Debt Securities, Available-for-sale [Line Items]
Proceeds from sales of securities available-for-sale	$ 0	$ 693,338	$ 3,028,011
Available-for-sale Securities, Gross Realized Gains	0	1,396	0
Available-for-sale Securities, Gross Realized Losses	0	61,796	442,413
Realized Investment Gains	0	(60,400)	(442,413)
Available-for-sale Securities
Debt Securities, Available-for-sale [Line Items]
Proceeds from sales of securities available-for-sale	$ 0	$ 753,738	$ 3,470,424

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (aa)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (aaa)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Fair Value Measurements Level 3 Private Label Commerical MBS and Corporate Debt Securities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Level 3 \| Corporate Debt Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Equity, Level 2 to Level 1 Transfers			$ 51,750
Fair Value, Recurring
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Assets, Level 3 to Level 2 Transfers, Amount	$ 0	$ (38,149)	$ 0
Fair Value, Recurring \| Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Recurring Basis Unobservable Input Reconciliation Asset Gain Loss Statement Of Other Comprehensive Income Extensible List Not Disclosed Flag	Total included in other comprehensive income	Total included in other comprehensive income	Total included in other comprehensive income
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value, beginning balance	$ 2,130	$ 40,249	$ 0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	240	30	(11,501)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value, ending balance	$ 2,370	$ 2,130	$ 40,249

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2025

Other Commitments [Table Text Block]

The following table presents a summary of commitments described below as of the dates indicated:


	December 31,
	2025		2024
	(In thousands)
Loan commitments to extend credit	$	5,433,357	$	4,887,690
Standby letters of credit	244,895		201,768
Total	$	5,678,252	$	5,089,458

Other Assets

12 Months Ended

Dec. 31, 2025

Other Assets [Abstract]

Other Assets

OTHER ASSETS

The following table presents the detail of our other assets as of the dates indicated:


	December 31,
Other Assets	2025		2024
	(In thousands)
Investments:
LIHTC investments	$	259,780	$	295,964
SBIC investments	121,072		109,636
Alternative energy partnerships (HLBV investments)	16,354		17,472
Other equity and CRA investments	150,048		143,152
Total investments	547,254		566,224
Interest receivable	131,429		125,469
Operating lease ROU assets, net (1)	99,205		100,092
Prepaid expenses	33,829		39,432
Taxes receivable	8,385		18,009
Foreclosed assets, net	17,115		9,734
Equity warrants (2)	3,437		3,763
Other receivables/assets	44,108		51,231
Total other assets	$	884,762	$	913,954

____________________

(1) See "Note 9. Leases" for further details regarding the operating lease ROU assets.

(2) See "Note 15. Fair Value Measurements" for information regarding equity warrants.

Investments

The Company invests as a limited partner in LIHTC partnerships that operate qualified affordable housing projects and generate tax benefits for investors, including federal low income housing tax credits. The partnerships are deemed to be VIEs because they do not have sufficient equity investment at risk and are structured with non-substantive voting rights; however, we are not the primary beneficiary of the VIEs and do not consolidate them. We amortize the investment in proportion to the allocated tax benefits using the proportional amortization method of accounting and record such benefits net of investment amortization in income tax expense.

The Company also invests as a limited partner in SBIC investments. All of our SBIC investments meet the definition of investment companies as defined in ASC 946. We elected the practical expedient available in Topic 820 which permits the use of NAV per share or equivalent to value investments in entities that are or are similar to investment companies. SBICs are required to value and report their investments at estimated fair value. We record the unrealized gains and losses resulting from changes in the fair value of our SBIC investments in "Noninterest income - Other income" on the consolidated statements of earnings (loss). The carrying value of our SBIC investments is equal to the capital account balance per each SBIC entities' quarterly financial statements.

We invest in, and are a limited partner, in partnerships that were formed to invest in newly installed residential and commercial solar leases and power purchase agreements. As a result of our investments, we have the right to certain investment tax credits and tax depreciation benefits, and to a lesser extent, cash flows generated from the installed solar systems leased to consumers for a fixed period of time. We account for these investments using the HLBV method, where an investor determines its share of an investee's net earnings by comparing its claim on the investee's book value at the beginning and end of the period, assuming the investee were to liquidate all assets at their U.S. GAAP amounts and distribute the resulting cash to creditors and investors under their respective priorities.

Other equity and CRA investments consist of both equity investments without and with readily determinable fair values. The Company's equity investments without readily determinable fair values include investments in privately held companies, limited partnerships, entities from which we issued trust preferred securities, CRA-related loan pool investments, and CRA-related equity investments. The CRA-related loan pool and equity investments primarily consist of investments in partnerships which provide affordable housing and participations in loan pools which provide low-cost loans to low and moderate income applicants. We measure our equity investments without readily determinable fair values using the measurement alternative. Carrying values of these investments are adjusted to fair value upon observable transactions for identical or similar investments of the same issuer. The Company's equity investments with readily determinable fair values include investments in public companies, often from the exercise of warrants, and publicly-traded mutual funds. Unrealized and realized gains and losses on equity investments without and with readily determinable fair values are recorded in "Noninterest income - Other income" on the consolidated statements of earnings (loss).

Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets Disclosure

The following table presents the carrying amounts of CDI and CRI and the related accumulated amortization for the years indicated:


	Year Ended December 31,
	2025		2024
	(In thousands)
Gross Amount of CDI and CRI:
Balance, beginning of year	$	178,764	$	236,264

Fully amortized portion	—		(57,500)
Balance, end of year	178,764		178,764
Accumulated Amortization:
Balance, beginning of year	(45,820)		(70,787)
Amortization expense	(27,657)		(32,533)
Fully amortized portion	—		57,500
Balance, end of year	(73,477)		(45,820)
Net CDI and CRI, end of year	$	105,287	$	132,944

Schedule of Goodwill

The following table presents the changes in the carrying amount of goodwill for the years indicated:


	Goodwill
	(In thousands)



Balance, December 31, 2023	$	198,627
Purchase accounting adjustments - Merger with PacWest Bancorp	15,894
Balance, December 31, 2024	$	214,521

Balance, December 31, 2025	$	214,521

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The following table presents the estimated aggregate future amortization expense for our current CDI and CRI as of the date indicated:


	December 31, 2025
	(In thousands)
Year Ending December 31,
2026	$	24,412
2027	21,166
2028	17,920
2029	14,675
2030	11,430
Thereafter	15,684
Net CDI and CRI	$	105,287

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1A

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-2

Net Income(Loss) Per Share

Fair Value Measurements Losses Recognized on Assets Measured (Details) - Fair Value, Nonrecurring [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Net Gain (Loss) from Nonrecurring Assets	$ 7,746	$ 36,682	$ 5,710
Other real estate and foreclosed assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Net Gain (Loss) from Nonrecurring Assets	96	983	1,307
Non Purchased Credit Impaired Loans and Leases
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Net Gain (Loss) from Nonrecurring Assets	$ 7,650	$ 35,699	$ 4,403

Nature of Operations and Summary of Significant Accounting Policies (Details Textual)	12 Months Ended
	Dec. 31, 2024 reportable_segment	Dec. 31, 2025 USD ($)	Apr. 30, 2021 USD ($)
Business Combination [Line Items]
Threshold for loans that are considered individually significant for allowance analysis purposes		$ 250,000
Number of Reportable Segments \| reportable_segment	1
April 30, 2021 Issuance
Business Combination [Line Items]
Subordinated debt			$ 400,000,000
Minimum \| Furniture and Fixtures [Member]
Business Combination [Line Items]
Property, Plant and Equipment, Useful Life		3 years
Maximum \| Furniture and Fixtures [Member]
Business Combination [Line Items]
Property, Plant and Equipment, Useful Life		7 years
Buildings, Useful Life		40 years
Core Deposits [Member] \| Minimum
Business Combination [Line Items]
Finite-Lived Intangible Asset, Useful Life		7 years
Core Deposits [Member] \| Maximum
Business Combination [Line Items]
Finite-Lived Intangible Asset, Useful Life		10 years
Customer Relationships [Member] \| Minimum
Business Combination [Line Items]
Finite-Lived Intangible Asset, Useful Life		4 years
Customer Relationships [Member] \| Maximum
Business Combination [Line Items]
Finite-Lived Intangible Asset, Useful Life		7 years

Earnings (Loss) Per Share (Tables)

12 Months Ended

Dec. 31, 2025

Earnings Per Share [Abstract]

The following tables present the computation of basic and diluted net earnings (loss) per share for the years indicated:


	Year Ended December 31, 2025
					Non-Voting
			Class B		Common
	Voting		Non-Voting		Stock
	Common		Common		Equivalents		Total
	(In thousands, except per share amounts)
Basic Earnings Per Share: (1)
Net earnings available to common and equivalent stockholders	$	179,149	$	565	$	9,471	$	189,185
Less: Earnings allocated to unvested restricted stock (2)	(130)		—		—		(130)
Net earnings allocated to common and equivalent shares	$	179,019	$	565	$	9,471	$	189,055

Weighted average basic shares and unvested restricted stock outstanding	151,456		477		8,001		159,934
Less: weighted average unvested restricted stock outstanding	(127)		—		—		(127)
Weighted average basic shares outstanding	151,329		477		8,001		159,807

Basic earnings per share	$	1.18	$	1.18	$	1.18	$	1.18

Diluted Earnings Per Share: (3)
Net earnings available to common and equivalent stockholders	$	179,149	$	565	$	9,471	$	189,185
Reallocation of net earnings as a result of conversion of NVCE to Voting Common	9,471		—		—		—
Reallocation of net earnings	7		(7)		1,234		—
Net earnings for diluted earnings per share	$	188,627	$	558	$	10,705	$	189,185

Weighted average diluted shares outstanding	152,096		477		9,151		161,724
Conversion on NVCE to Voting Common	9,151		—		—		—
Shares used in computation of diluted earnings per share	161,247		477		9,151		161,724

Diluted earnings per share	$	1.17	$	1.17	$	1.17	$	1.17

______________________________

(1) Basic earnings per share is using the two-class method.

(2) Represents cash dividends paid to holders of unvested restricted stock, net of forfeitures, plus undistributed earnings available to holders of unvested restricted stock, if any.

(3) Diluted earnings per share is using the treasury method.


	Year Ended December 31, 2024
					Non-Voting
			Class B		Common
	Voting		Non-Voting		Stock
	Common		Common		Equivalents		Total
	(In thousands, except per share amounts)
Basic Earnings Per Share: (1)
Net earnings available to common and equivalent stockholders	$	81,619	$	246	$	5,235	$	87,100
Less: Earnings allocated to unvested restricted stock (2)	58		—		—		58
Net earnings allocated to common and equivalent shares	$	81,677	$	246	$	5,235	$	87,158

Weighted average basic shares and unvested restricted stock outstanding	158,321		477		10,123		168,921
Less: weighted average unvested restricted stock outstanding	(480)		—		—		(480)
Weighted average basic shares outstanding	157,841		477		10,123		168,441

Basic earnings per share	$	0.52	$	0.52	$	0.52	$	0.52

Diluted Earnings Per Share: (3)
Net earnings allocated to common and equivalent shares	$	81,619	$	246	$	5,235	$	87,100
Weighted average diluted shares outstanding	158,084		477		10,123		168,684
Diluted earnings per share	$	0.52	$	0.52	$	0.52	$	0.52

______________________________

(1) Basic earnings per share is using the two-class method.

(2) Represents cash dividends paid to holders of unvested restricted stock, net of forfeitures, plus undistributed earnings available to holders of unvested restricted stock, if any.

(3) Diluted earnings per share is using the treasury method.


	Year Ended December 31, 2023
					Non-Voting
			Class B		Common
	Voting		Non-Voting		Stock
	Common		Common		Equivalents		Total
	(In thousands, except per share amounts)
Basic Loss Per Share:
Net loss available to common and equivalent stockholders	$	(1,917,121)	$	(920)	$	(20,884)	$	(1,938,925)
Less: Earnings allocated to unvested restricted stock (1)	—		—		—		—
Net loss allocated to common and equivalent shares	$	(1,917,121)	$	(920)	$	(20,884)	$	(1,938,925)

Weighted average basic shares and unvested restricted stock outstanding	85,603		40		920		86,563
Less: weighted average unvested restricted stock outstanding	(1,169)		—		—		(1,169)
Weighted average basic shares outstanding	84,434		40		920		85,394

Basic loss per share	$	(22.71)	$	(22.71)	$	(22.71)	$	(22.71)

Diluted Loss Per Share: (2)
Net loss allocated to common and equivalent shares	$	(1,917,121)	$	(920)	$	(20,884)	$	(1,938,925)
Weighted average diluted shares outstanding	84,434		40		920		85,394
Diluted loss per share	$	(22.71)	$	(22.71)	$	(22.71)	$	(22.71)

______________________________

(1) Represents cash dividends paid to holders of unvested restricted stock, net of forfeitures, plus undistributed earnings available to holders of unvested restricted stock, if any.

(2) Diluted earnings per share is using the two-class method.

Schedule of Weighted Average Restricted Shares and Warrants Excluded from Computation of Earnings Per Share

The following table presents the weighted average outstanding restricted shares and warrants that were not included in the computation of diluted earnings (loss) per share because their effect would be anti-dilutive for the years ended December 31, 2025, 2024, and 2023:


	Year Ended December 31,
	2025	2024	2023
	(In thousands)
Restricted stock awards and units	127	480	1,169
Warrants	—	18,902	1,605

Fair Value Measurements Level 3 Equity Warrants at Fair Value (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Loss on Sale of Investments	$ 0	$ (60,400)	$ (442,413)
Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Loss on Sale of Investments	1,726	408	(718)
Proceeds from Issuance of Warrants	(2,355)	(829)	(218)
Stock and Warrants Issued During Period, Value, Preferred Stock and Warrants	306	516	613
Equity Warrants Transfers to Available For Sale Securities	(3)	(21)	36
Warrants Not Settleable in Cash, Fair Value Disclosure	$ 3,437	$ 3,763	$ 3,689	$ 4,048

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

Operating Lease, Right-of-Use Asset

Supplemental Balance Sheet (Details) - USD ($)
$ in Thousands

Dec. 31, 2025

Dec. 31, 2024

Leases [Abstract]

^[1]

$ 99,205

$ 100,092

Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]

Other assets

Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]

Accounts Payable and Accrued Liabilities

Operating Lease, Liability

$ 120,587

$ 124,355

Operating Lease, Weighted Average Remaining Lease Term

5 years 9 months 18 days

5 years 10 months 24 days

Operating Lease, Weighted Average Discount Rate, Percent

3.79%

3.53%

[1]	See "Note 9. Leases" for further details regarding the operating lease ROU assets.

Dividend Availability and Regulatory Matters Dividend Availability and Regulatory Matters (Tables)

12 Months Ended

Dec. 31, 2025

Dividend Availability and Regulatory Matters [Abstract]

Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations

The following tables present actual capital amounts and ratios for the Company and the Bank, along with the minimum levels required to be considered "well capitalized" as of the dates indicated:


				Well Capitalized Minimum
	Actual			Requirement			Capital Conservation
	Balance		Ratio	Balance		Ratio	Buffer Requirement
	(Dollars in thousands)
December 31, 2025
Tier I leverage capital (to average assets):
Banc of California, Inc.	$	3,331,161	9.99%	$	—	N/A	N/A
Banc of California	$	3,543,771	10.65%	$	1,663,677	5.00%	N/A
CET1 capital (to risk-weighted assets):
Banc of California, Inc.	$	2,701,645	10.01%	$	—	N/A	7.00%
Banc of California	$	3,543,771	13.15%	$	1,751,120	6.50%	7.00%
Tier I capital (to risk-weighted assets)
Banc of California, Inc.	$	3,331,161	12.34%	$	1,619,857	6.00%	8.50%
Banc of California	$	3,543,771	13.15%	$	2,155,225	8.00%	8.50%
Total capital (to risk-weighted assets):
Banc of California, Inc.	$	4,403,973	16.31%	$	2,699,762	10.00%	10.50%
Banc of California	$	4,206,727	15.61%	$	2,694,031	10.00%	10.50%


				Well Capitalized Minimum
	Actual			Requirement			Capital Conservation
	Balance		Ratio	Balance		Ratio	Buffer Requirement
	(Dollars in thousands)
December 31, 2024
Tier I leverage capital (to average assets):
Banc of California, Inc.	$	3,369,457	10.15%	$	—	N/A	N/A
Banc of California	$	3,671,545	11.08%	$	1,656,718	5.00%	N/A
CET1 capital (to risk-weighted assets):
Banc of California, Inc.	$	2,739,941	10.55%	$	—	N/A	7.00%
Banc of California	$	3,671,545	14.17%	$	1,684,283	6.50%	7.00%
Tier I capital (to risk-weighted assets)
Banc of California, Inc.	$	3,369,457	12.97%	$	1,558,601	6.00%	8.50%
Banc of California	$	3,671,545	14.17%	$	2,072,963	8.00%	8.50%
Total capital (to risk-weighted assets):
Banc of California, Inc.	$	4,427,860	17.05%	$	2,597,668	10.00%	10.50%
Banc of California	$	4,315,098	16.65%	$	2,591,204	10.00%	10.50%

Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2025

Assets and Liabilities Carried at Fair Value on Recurring Basis

The following tables present information on the assets and liabilities measured and recorded at fair value on a recurring basis as of the dates indicated:


	Fair Value Measurements as of December 31, 2025
Measured on a Recurring Basis	Total		Level 1		Level 2		Level 3
	(In thousands)
Securities available‑for‑sale:
Agency residential MBS	$	834,085	$	—	$	834,085	$	—

Agency commercial MBS	50,966		—		50,966		—
Agency residential CMOs	871,624		—		871,624		—

Corporate debt securities	241,596		—		239,226		2,370
Private label residential CMOs	228,975		—		228,975		—
Collateralized loan obligations	200,822		—		200,822		—
Private label commercial MBS	9,279		—		9,279		—
Asset-backed securities	13,249		—		13,249		—
SBA securities	3,462		—		3,462		—
Total securities available-for-sale	$	2,454,058	$	—	$	2,451,688	$	2,370
Equity investments with readily determinable fair values	$	2	$	2	$	—	$	—
Derivatives (1):
Derivative assets:

Interest rate and foreign exchange contracts	4,124		—		4,124		—
Equity warrants	3,437		—		—		3,437
Derivative liabilities:
Cash flow hedges	4,065		—		4,065		—
Interest rate and foreign exchange contracts	4,156		—		4,156		—
Credit-linked notes	113,634		—		—		113,634

____________________

(1) For information regarding derivative instruments, see "Note 12. Derivatives."


	Fair Value Measurements as of December 31, 2024
Measured on a Recurring Basis	Total		Level 1		Level 2		Level 3
	(In thousands)
Securities available‑for‑sale:
Agency residential MBS	$	861,840	$	—	$	861,840	$	—
Municipal securities	594		—		594		—
Agency commercial MBS	51,564		—		51,564		—
Agency residential CMOs	446,631		—		446,631		—

Corporate debt securities	257,712		—		255,582		2,130
Private label commercial MBS	12,372		—		12,372		—
Collateralized loan obligations	279,416		—		279,416		—
Private label residential CMOs	316,910		—		316,910		—
Asset-backed securities	15,600		—		15,600		—
SBA securities	4,200		—		4,200		—
Total securities available-for-sale	$	2,246,839	$	—	$	2,244,709	$	2,130
Equity investments with readily determinable fair values	$	3	$	3	$	—	$	—
Derivatives (1):
Derivative assets:
Cash flow hedges	1,442		—		1,442		—
Interest rate and foreign exchange contracts	7,031		—		7,031		—
Equity warrants	3,763		—		—		3,763
Derivative liabilities:

Interest rate and foreign exchange contracts	7,562		—		7,562		—
Credit-linked notes	118,838		—		—		118,838

____________________

(1) For information regarding derivative instruments, see "Note 12. Derivatives."

The following table summarizes activity for our Level 3 corporate debt securities AFS measured at fair value on a recurring basis for the years indicated:


	Year Ended December 31,
Level 3 Corporate Debt Securities	2025		2024		2023
	(In thousands)
Balance, beginning of year	$	2,130	$	40,249	$	—

Total included in other comprehensive income	240		30		(11,501)




Transfer from Level 2	—		—		51,750
Transfer to Level 2	—		(38,149)		—


Balance, end of year	$	2,370	$	2,130	$	40,249

Unrealized net gains (losses) for the period included in other
comprehensive income for securities held at quarter-end	$	(630)	$	(870)	$	(11,501)

Fair Value Inputs, Assets, Quantitative Information


	Corporate Debt Securities December 31, 2025
	Input or	Weighted Average
Unobservable Inputs	Range of Inputs	Input (1)
Spread to 10 Year Treasury	2.9% - 8.5%	4.5%
Discount rates	7.1% - 12.7%	8.7%

____________________

(1) Unobservable inputs for corporate debt securities were weighted by the relative fair values of the instruments.


	Equity Warrants December 31, 2025
		Weighted
	Range	Average
Unobservable Inputs	of Inputs	Input (1)
Volatility	19.6% - 965.6%	27.2%
Risk-free interest rate	3.5% - 3.7%	3.6%
Remaining life assumption (in years)	0.08 - 4.99	3.15

__________________

(1) Unobservable inputs for equity warrants were weighted by the relative fair values of the instruments.

Schedule of Stockholders' Equity Note, Warrants or Rights

The following table summarizes activity for our Level 3 equity warrants measured at fair value on a recurring basis for the years indicated:


	Year Ended December 31,
Level 3 Equity Warrants	2025		2024		2023
	(In thousands)
Balance, beginning of year	$	3,763	$	3,689	$	4,048
Total included in earnings	1,726		408		(718)

Exercises and settlements (1)	(2,355)		(829)		(218)
Issuances	306		516		613

Transfers to Level 1 (equity investments with readily determinable fair values)	(3)		(21)		(36)
Balance, end of year	$	3,437	$	3,763	$	3,689

______________________

Assets carried at fair value on a nonrecurring basis

The following tables present assets measured at fair value on a non‑recurring basis as of the dates indicated:


	Fair Value Measurement as of December 31, 2025
Measured on a Non‑Recurring Basis	Total		Level 1		Level 2		Level 3
	(In thousands)
Individually evaluated loans and leases	$	52,443	$	—	$	48,401	$	4,042

OREO, net	248		—		248		—
Total non-recurring	$	52,691	$	—	$	48,649	$	4,042


	Fair Value Measurement as of December 31, 2024
Measured on a Non‑Recurring Basis	Total		Level 1		Level 2		Level 3
	(In thousands)
Individually evaluated loans and leases	$	58,948	$	—	$	45,962	$	12,986

OREO, net	3,372		—		3,372		—
Total non-recurring	$	62,320	$	—	$	49,334	$	12,986

Net Losses (Gains) on Nonrecurring Assets

The following table presents losses recognized on assets measured on a nonrecurring basis for the years indicated:


	Year Ended December 31,
Loss on Assets Measured on a Non‑Recurring Basis	2025		2024		2023
	(In thousands)
Individually evaluated loans and leases	$	7,650	$	35,699	$	4,403

OREO, net	96		983		1,307
Total net loss	$	7,746	$	36,682	$	5,710

Fair Value Measurement Inputs and Valuations

The following table presents the valuation methodology and unobservable inputs for Level 3 assets measured at fair value on a nonrecurring basis as of the date indicated:

December 31, 2025

Valuation

Unobservable

Input or

Weighted

Asset

Fair Value

Technique

Inputs

Range

Average

Individually evaluated loans and leases

4,042

Third-party appraisals

No discounts

Total non-recurring Level 3

4,042

Fair Value, by Balance Sheet Grouping

The following tables present carrying amounts and estimated fair values of certain financial instruments as of the dates indicated:


	December 31, 2025
	Carrying		Estimated Fair Value
	Amount		Total		Level 1		Level 2		Level 3
	(In thousands)
Financial Assets:
Cash and due from banks	$	181,103	$	181,103	$	181,103	$	—	$	—
Interest‑earning deposits in financial institutions	2,126,862		2,126,862		2,126,862		—		—
Securities available‑for‑sale	2,454,058		2,454,058		—		2,451,688		2,370
Securities held-to-maturity	2,308,636		2,246,526		185,088		2,057,189		4,249
Investment in FRB and FHLB stock	160,442		160,442		—		160,442		—
Loans HFS	182,936		183,083		—		183,083		—
Loans and leases HFI, net	24,787,067		23,871,794		—		48,401		23,823,393
Equity investments with readily determinable fair values	2		2		2		—		—
Equity warrants	3,437		3,437		—		—		3,437

Interest rate and foreign exchange contracts	4,124		4,124		—		4,124		—
Servicing rights	17,480		19,427		—		—		19,427

Financial Liabilities:
Demand, checking, savings and money market deposits	23,156,094		23,156,094		—		23,156,094		—
Time deposits	4,687,263		4,684,099		—		4,684,099		—
Borrowings	2,063,819		2,069,076		275,185		1,680,257		113,634
Subordinated debt	952,740		934,819		—		934,819		—
Cash flow hedges	4,065		4,065		—		4,065		—
Interest rate and foreign exchange contracts	4,156		4,156		—		4,156		—


	December 31, 2024
	Carrying		Estimated Fair Value
	Amount		Total		Level 1		Level 2		Level 3
	(In thousands)
Financial Assets:
Cash and due from banks	$	192,006	$	192,006	$	192,006	$	—	$	—
Interest‑earning deposits in financial institutions	2,310,206		2,310,206		2,310,206		—		—
Securities available‑for‑sale	2,246,839		2,246,839		—		2,244,709		2,130
Securities held-to-maturity	2,306,149		2,156,694		173,283		1,976,265		7,146
Investment in FHLB stock	147,773		147,773		—		147,773		—
Loans HFS	26,331		26,562		—		26,562		—
Loans and leases HFI, net	23,542,303		22,412,073		—		45,962		22,366,111
Equity investments with readily determinable fair values	3		3		3		—		—
Equity warrants	3,763		3,763		—		—		3,763
Cash flow hedges	1,442		1,442		—		1,442		—
Interest rate and foreign exchange contracts	7,031		7,031		—		7,031		—
Servicing rights	19,623		21,040		—		—		21,040

Financial Liabilities:
Demand, checking, savings and money market deposits	22,625,485		22,625,485		—		22,625,485		—
Time deposits	4,566,424		4,556,575		—		4,556,575		—
Borrowings	1,391,814		1,382,742		—		1,263,904		118,838
Subordinated debt	941,923		901,532		—		901,532		—

Interest rate and foreign exchange contracts	7,562		7,562		—		7,562		—

Fair Value, Assets Measured on Recurring Basis

The following table summarizes activity for our Level 3 credit-linked notes measured at fair value on a recurring basis for the year indicated:


	Year Ended December 31,
Level 3 Credit-Linked Notes	2025		2024		2023
	(In thousands)
Balance, beginning of year	$	118,838	$	123,116	$	132,030
Total included in earnings	(51)		(1,411)		5,404
Total included in other comprehensive income	(868)		2,589		(7,794)



Principal payments	(4,285)		(5,456)		(6,524)





Balance, end of year	$	113,634	$	118,838	$	123,116

Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets, Net

NOTE 7. GOODWILL AND OTHER INTANGIBLE ASSETS, NET

Goodwill represents the excess if purchase consideration over the fair value of identifiable net assets acquired in a business combination. Goodwill and other intangible assets with indefinite useful lives are not amortized but are assessed for impairment at least annually.

In performing our annual goodwill impairment testing in the fourth quarter of 2025 we considered relevant events and circumstances that may affect the fair value or carrying amount of our reporting unit. The events and circumstances we considered included macroeconomic conditions, industry conditions, and our financial performance. Based on our qualitative assessment, we concluded that there were no conditions, changes in operations, or results that indicated a triggering event had occurred in the fourth quarter of 2025. Thus, a quantitative assessment was not required, and we determined that it was more likely than not that the fair value of the reporting unit was greater than its carrying value and there was no evidence of impairment.

During the year ended December 31, 2024, the Company recorded adjustments related to the Merger resulting in an increase to goodwill of $15.9 million, within the one-year measurement period subsequent to the acquisition date of November 30, 2023. These adjustments largely related to the estimated fair value of acquired loans. During the year ended December 31, 2023, the Company recorded goodwill impairment of $1.4 billion due to the decline in the economic conditions in the banking industry.

The following table presents the changes in the carrying amount of goodwill for the years indicated:


	Goodwill
	(In thousands)



Balance, December 31, 2023	$	198,627
Purchase accounting adjustments - Merger with PacWest Bancorp	15,894
Balance, December 31, 2024	$	214,521

Balance, December 31, 2025	$	214,521

Our other intangible assets with definite lives are CDI and CRI. CDI and CRI are amortized on an accelerated basis over their respective estimated useful lives and reviewed for impairment at least quarterly. The amortization expense represents the estimated decline in the value of the underlying deposits or customer relationships acquired.

The following table presents the carrying amounts of CDI and CRI and the related accumulated amortization for the years indicated:


	Year Ended December 31,
	2025		2024
	(In thousands)
Gross Amount of CDI and CRI:
Balance, beginning of year	$	178,764	$	236,264

Fully amortized portion	—		(57,500)
Balance, end of year	178,764		178,764
Accumulated Amortization:
Balance, beginning of year	(45,820)		(70,787)
Amortization expense	(27,657)		(32,533)
Fully amortized portion	—		57,500
Balance, end of year	(73,477)		(45,820)
Net CDI and CRI, end of year	$	105,287	$	132,944

There was no impairment of CDI and CRI for the years ended December 31, 2025 and 2024.

The following table presents the estimated aggregate future amortization expense for our current CDI and CRI as of the date indicated:


	December 31, 2025
	(In thousands)
Year Ending December 31,
2026	$	24,412
2027	21,166
2028	17,920
2029	14,675
2030	11,430
Thereafter	15,684
Net CDI and CRI	$	105,287

Loans and Leases Allowance for Credit Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Financing Receivable, Allowance for Credit Loss [Line Items]
Reserve for Unfunded Loan Commitments	$ 34,921	$ 29,071	$ 29,571
Reserve for Unfunded Loan Commitments, Charge-offs	0	0
Charge-offs	75,505	94,943
Recoveries	16,977	9,116
Reserve for Unfunded Loan Commitments, Recoveries	0	0
Reserve for Unfunded Loan Commitments, Net Charge-offs	0	0
Reserve for Unfunded Commitments, Provision	5,850	500
Net charge-offs	(58,528)	(85,827)
Provision for credit losses	64,780	43,500
Allowance for loan and lease losses	245,612	239,360	281,687
Previously Reported
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for loan and lease losses		239,360
Non Purchased Credit Impaired Loans and Leases
Financing Receivable, Allowance for Credit Loss [Line Items]
Charge-offs	75,505	94,943
Recoveries	16,977	9,116
Financing Receivable, Allowance For Credit Losses, Net Charge-offs	(58,528)	(85,827)
Provision for credit losses	70,630	43,000
Allowance for loan and lease losses	$ 280,533	$ 268,431	$ 311,258

Fair Value Measurements Assets at Fair Value on Non-Recurring (Details) - Fair Value, Nonrecurring [Member] - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	$ 52,691	$ 62,320
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	48,649	49,334
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	4,042	12,986
Non Purchased Credit Impaired Loans and Leases
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	52,443	58,948
Non Purchased Credit Impaired Loans and Leases \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	0	0
Non Purchased Credit Impaired Loans and Leases \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	48,401	45,962
Non Purchased Credit Impaired Loans and Leases \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	4,042	12,986
Other real estate and foreclosed assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	248	3,372
Other real estate and foreclosed assets \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	0	0
Other real estate and foreclosed assets \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	248	3,372
Third party appraisals [Member] \| Other real estate and foreclosed assets \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	$ 0	$ 0

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
Document and Entity Information - USD ($) $ in Millions	Dec. 31, 2025	Feb. 13, 2026	Jun. 30, 2025
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Dec. 31, 2025
Entity File Number	001-35522
Entity Registrant Name	BANC OF CALIFORNIA, INC.
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	04-3639825
Entity Address, Address Line One	11611 San Vicente Boulevard,
Entity Address, Address Line Two	Suite 500
Entity Address, City or Town	Los Angeles
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90049
City Area Code	855
Local Phone Number	-2262
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	BANC
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 1,900.0
Entity Common Stock, Shares Outstanding		149,963,520
Documents Incorporated by Reference [Text Block]	The information required by Items 10, 11, 12, 13 and 14 of Part III of this Annual Report on Form 10-K will be found in the Company's definitive proxy statement for its 2026 Annual Meeting of Stockholders, to be filed pursuant to Regulation 14A under the Securities Exchange Act of 1934, as amended, and such information is incorporated herein by this reference.
Entity Central Index Key	0001169770
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	FY
Amendment Flag	false
Document Financial Statement Error Correction [Flag]	false

Components of Lease Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Leases [Abstract]
Operating Lease, Cost	$ 28,350	$ 33,298	$ 33,672
Variable Lease, Cost	250	524	217
Short-term Lease, Cost	911	625	831
Sublease Income	(4,465)	(4,753)	(2,081)
Lease, Cost	$ 25,046	$ 29,694	$ 32,639

Derivatives (Tables)

12 Months Ended

Dec. 31, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

The following table presents the U.S. dollar notional amounts and fair values of our derivative instruments included in the consolidated balance sheets as of the dates indicated:


	December 31, 2025						December 31, 2024
	Notional		Fair Value				Notional		Fair Value
	Amount		Asset		Liability		Amount		Asset		Liability
	(In thousands)
Derivatives Designated as Cash Flow Hedges:
Interest rate swaps	$	300,000	$	—	$	4,043	$	300,000	$	1,442	$	—
Interest rate collars	1,000,000		—		22		—		—		—
Derivatives Not Designated as Hedging Instruments:
Interest rate contracts	150,652		4,124		4,079		192,405		6,516		6,428
Foreign exchange contracts	111,390		—		77		36,155		515		1,134
Equity warrant assets	14,086		3,437		—		16,066		3,763		—
Total contracts	$	1,576,128	$	7,561	$	8,221	$	544,626	$	12,236	$	7,562

Deposits

12 Months Ended

Dec. 31, 2025

Deposits [Abstract]

Deposits

NOTE 10. DEPOSITS

The following table presents the components of deposits as of the dates indicated:


	December 31,
Deposit Composition	2025		2024
	(In thousands)
Noninterest-bearing deposits	$	7,822,787	$	7,719,913
Interest-bearing deposits:
Interest checking	8,509,587		7,610,705
Money market	4,917,857		5,361,635
Savings	1,905,863		1,933,232
Time deposits $250,000 and under	3,669,523		3,468,376
Time deposits over $250,000	1,017,740		1,098,048
Total deposits	$	27,843,357	$	27,191,909

Brokered time deposits totaled $2.4 billion and $2.1 billion at December 31, 2025 and 2024. Brokered non-maturity deposits totaled $0.5 billion and $0.6 billion at December 31, 2025 and 2024.

The following table summarizes the maturities of time deposits as of the date indicated:


	Time Deposits
	$250,000		Over
December 31, 2025	and Under		$250,000		Total
	(In thousands)
Year of Maturity:
2026	$	3,307,013	$	916,687	$	4,223,700
2027	357,088		94,372		451,460
2028	2,232		3,174		5,406
2029	865		2,013		2,878
2030	2,325		1,494		3,819
Thereafter	—		—		—
Total	$	3,669,523	$	1,017,740	$	4,687,263

Shareholders' Equity (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Equity, Attributable to Parent [Abstract]
Common Shares Surrendered	$ 3,714	$ 2,708	$ 5,421
Number of Shares Surrendered, Restricted Stock	254,280	187,783	228,151
Common Stock Acquired, Average Cost Per Share	$ 14.61	$ 14.42	$ 23.76

Subsequent Events Subsequent Events (Details Textual) - $ / shares		12 Months Ended
	Feb. 05, 2026	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Subsequent Event [Line Items]
Dividends declared per share (usd per share)		$ 0.40	$ 0.40	$ 0.53
Preferred Stock, Dividends Per Share, Declared		$ 1.9380	$ 1.9380	$ 1.9380
Subsequent Event [Member]
Subsequent Event [Line Items]
Dividends declared per share (usd per share)	$ 0.12
Preferred Stock, Dividends Per Share, Declared	$ 0.4845

Stock-Based Compensation Stock-Based Compensation (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Payment Arrangement, Expense, Tax Benefit	$ 6,100	$ 3,600	$ 3,900
Share-Based Payment Arrangement, Weighted Average Period, Amortization Expense	2 years 4 months 24 days
Vesting period of time-based restricted stock, lower limit	3 years
Vesting period of time-based restricted stock, higher limit	4 years
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value			$ 41.49
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value			$ 600
Restricted Stock-Based Compensation
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee Benefits and Share-based Compensation	$ 885	944	1,305
Restricted Stock [Member] \| Vesting Based On Service [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Payment Arrangement, Expense	22,800	$ 14,500	$ 27,400
Restricted Stock Awards And Performance Based Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 44,000
Time-Based Restricted Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity Instruments Other than Options, Nonvested, Number	75,498	211,206
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value	$ 0
PRSU
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity Instruments Other than Options, Nonvested, Number	2,304,625	2,283,531
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value	$ 15.72	$ 9.00	$ 48.41
TRSA
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value	$ 1,800	$ 6,000	$ 14,000
RSU
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value	$ 8,700
PacWest 2017 Total Amended and Restated Stock Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	10,717,882
PacWest 2018 Stock Incentive Plan \| Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity Instruments Other than Options, Nonvested, Number	2,557,336
PacWest 2003 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	3,555,357
PacWest 2003 Stock Incentive Plan [Member] \| Time-Based Restricted Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity Instruments Other than Options, Nonvested, Number	75,498

Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Federal	$ 46,763	$ 45,554	$ 34,219
Current State and Local Tax Expense	1,611	1,156	3,387
Current Income Tax Expense	48,374	46,710	37,606
Deferred Federal Income Tax Expense	5,518	(6,082)	(238,865)
Deferred State and Local Income Tax Expense	30,210	1,138	(110,942)
Deferred Income Tax Expense (Benefit)	35,728	(4,944)	(349,807)
Income Tax Expense (Benefit), Continuing Operations, Discontinued Operations	$ 84,102	$ 41,766	$ (312,201)
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Percent	21.00%	21.00%	21.00%

Fair Value Option (Tables)

12 Months Ended

Dec. 31, 2025

Fair Value Option, Disclosures

The following table presents the changes in fair value of the credit-linked notes for the which the fair value option has been elected for the years indicated:


	Year Ended December 31,
Credit-Linked Notes	2025		2024		2023
	(In thousands)
Changes in fair value - gains (losses) included in earnings	$	51	$	1,411	$	(5,404)
Changes in fair value - other comprehensive (loss) income	$	868	$	(2,589)	$	7,794

Fair Value Option, Disclosure, Credit-Link Notes

The following table provides information about the credit-linked notes carried at fair value as of the dates indicated:


	December 31,
Credit-Linked Notes	2025		2024
	(In thousands)

Carrying value reported on the consolidated balance sheets	$	113,634	$	118,838
Aggregate unpaid principal balance in excess of (less than) fair value	$	1,220	$	301

Income Taxes (Details 3) - USD ($) $ in Thousands	12 Months Ended
Income Taxes (Details 3) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Income Tax Disclosure [Abstract]
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	$ 310	$ 645
Reconciliation of Unrecognized Tax Benefits [Roll Forward]
Balance, beginning of year	645	1,598
Reductions for tax positions related to prior years	0	(953)
Balance, end of year	310	645
Unrecognized Tax Benefits	310	645
Unrecognized Tax Benefits, Decrease Resulting from Prior Period Tax Positions	0	953
Reductions related to settlements	$ (335)	$ 0

Fair Value Option

12 Months Ended

Dec. 31, 2025

Schedule Of Composition of Loans Portfolio

Fair Value Election

FAIR VALUE OPTION

The Company may elect to report financial instruments and certain other items at fair value on an instrument-by-instrument basis with changes in fair value reported in earnings. The election is made upon the initial recognition of an eligible financial asset, financial liability, or firm commitment or when certain specified reconsideration events occur. The fair value election may not otherwise be revoked once an election is made. The changes in fair value are recorded in "Noninterest income" on the consolidated statements of earnings (loss). However, movements in debt valuation adjustments are reported as a component of "Accumulated other comprehensive loss, net" on the consolidated balance sheets. Debt valuation adjustments represent the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk.

Fair Value Option for Certain Debt Liabilities

The Company has elected the fair value option for the credit-linked notes issued in September 2022. The Company elected the fair value option because these exposures are considered to be structured notes, which are financial instruments that contain embedded derivatives. The notes are linked to the credit risk of an approximately $2.17 billion reference pool of previously purchased SFR mortgage loans at December 31, 2025. The principal balance of the credit-linked notes was $114.9 million at December 31, 2025. The carrying value of the credit-linked notes at December 31, 2025 was $113.6 million, which approximated the fair value. For the years ended December 31, 2025, 2024, and 2023, interest expense on the credit-linked notes totaled $17.9 million, $19.8 million, and $20.2 million, respectively, and is recorded in "Interest expense - borrowings" on the consolidated statements of earnings (loss).

The following table presents the changes in fair value of the credit-linked notes for the which the fair value option has been elected for the years indicated:


	Year Ended December 31,
Credit-Linked Notes	2025		2024		2023
	(In thousands)
Changes in fair value - gains (losses) included in earnings	$	51	$	1,411	$	(5,404)
Changes in fair value - other comprehensive (loss) income	$	868	$	(2,589)	$	7,794

The following table provides information about the credit-linked notes carried at fair value as of the dates indicated:


	December 31,
Credit-Linked Notes	2025		2024
	(In thousands)

Carrying value reported on the consolidated balance sheets	$	113,634	$	118,838
Aggregate unpaid principal balance in excess of (less than) fair value	$	1,220	$	301

Loans and Leases (Tables)

12 Months Ended

Dec. 31, 2025

Receivables [Abstract]

The following table summarizes the composition of our loans and leases HFI as of the dates indicated:


	December 31,
	2025		2024
	(In thousands)
Real estate mortgage	$	13,846,097	$	13,605,595
Real estate construction and land (1)	1,959,591		3,187,146
Commercial	8,994,466		6,788,923
Consumer	355,333		402,254
Total gross loans and leases HFI	25,155,487		23,983,918
Unearned discounts, net (2)	(86,061)		(175,713)
Deferred fees, net	(36,747)		(26,542)
Total loans and leases HFI	25,032,679		23,781,663
Allowance for loan and lease losses	(245,612)		(239,360)
Total loans and leases held for investment, net (3)	$	24,787,067	$	23,542,303

____________________

(1) Includes land and acquisition and development loans of $214.5 million and $223.9 million at December 31, 2025 and 2024.

(3) Excludes accrued interest receivable of $104.3 million and $96.8 million at December 31, 2025 and 2024, which is recorded in "Other assets" on the consolidated balance sheets.

Delinquent loans in loan portfolio

The following tables present an aging analysis of our loans and leases HFI by loan portfolio segment and class as of the dates indicated:


	December 31, 2025
	30 - 89		90 or More
	Days		Days		Total
	Past Due		Past Due		Past Due		Current		Total
	(In thousands)
Real estate mortgage:
Commercial	$	10,498	$	46,506	$	57,004	$	4,257,633	$	4,314,637
Multi-family	32,887		2,536		35,423		6,053,994		6,089,417
Other residential	34,319		42,780		77,099		3,269,634		3,346,733
Total real estate mortgage	77,704		91,822		169,526		13,581,261		13,750,787
Real estate construction and land:
Commercial	—		—		—		379,387		379,387
Residential	26,540		—		26,540		1,541,700		1,568,240
Total real estate construction and land	26,540		—		26,540		1,921,087		1,947,627
Commercial:
Asset-based	1,142		—		1,142		2,949,868		2,951,010
Venture capital	—		—		—		2,222,097		2,222,097
Other commercial	984		104		1,088		3,803,011		3,804,099
Total commercial	2,126		104		2,230		8,974,976		8,977,206
Consumer	1,933		729		2,662		354,397		357,059
Total	$	108,303	$	92,655	$	200,958	$	24,831,721	$	25,032,679


	December 31, 2024
	30 - 89		90 or More
	Days		Days		Total
	Past Due		Past Due		Past Due		Current		Total
	(In thousands)
Real estate mortgage:
Commercial	$	27,700	$	22,561	$	50,261	$	4,528,511	$	4,578,772
Multi-family	10,346		21,860		32,206		6,009,507		6,041,713
Other residential	39,873		36,976		76,849		2,730,325		2,807,174
Total real estate mortgage	77,919		81,397		159,316		13,268,343		13,427,659
Real estate construction and land:
Commercial	—		—		—		799,131		799,131
Residential	—		—		—		2,373,162		2,373,162
Total real estate construction and land	—		—		—		3,172,293		3,172,293
Commercial:
Asset-based	1,795		—		1,795		2,086,174		2,087,969
Venture capital	5,534		—		5,534		1,532,242		1,537,776
Other commercial	3,295		6,956		10,251		3,142,833		3,153,084
Total commercial	10,624		6,956		17,580		6,761,249		6,778,829
Consumer	2,804		493		3,297		399,585		402,882
Total	$	91,347	$	88,846	$	180,193	$	23,601,470	$	23,781,663

Financing Receivable Non Accrual And Performing

The following table presents our nonaccrual and performing loans and leases HFI by loan portfolio segment and class as of the dates indicated:


	December 31,
	2025						2024
	Nonaccrual		Performing		Total		Nonaccrual		Performing		Total
	(In thousands)
Real estate mortgage:
Commercial	$	93,334	$	4,221,303	$	4,314,637	$	97,655	$	4,481,117	$	4,578,772
Multi-family	3,358		6,086,059		6,089,417		22,763		6,018,950		6,041,713
Other residential	57,984		3,288,749		3,346,733		46,788		2,760,386		2,807,174
Total real estate mortgage	154,676		13,596,111		13,750,787		167,206		13,260,453		13,427,659
Real estate construction and land:
Commercial	—		379,387		379,387		—		799,131		799,131
Residential	—		1,568,240		1,568,240		—		2,373,162		2,373,162
Total real estate construction and land	—		1,947,627		1,947,627		—		3,172,293		3,172,293
Commercial:
Asset-based	—		2,951,010		2,951,010		1,940		2,086,029		2,087,969
Venture capital	625		2,221,472		2,222,097		6,291		1,531,485		1,537,776
Other commercial	2,510		3,801,589		3,804,099		13,544		3,139,540		3,153,084
Total commercial	3,135		8,974,071		8,977,206		21,775		6,757,054		6,778,829
Consumer	1,357		355,702		357,059		624		402,258		402,882
Total	$	159,168	$	24,873,511	$	25,032,679	$	189,605	$	23,592,058	$	23,781,663

CV of Loans Held for Investment by Class by Classified and Nonclassiified


	December 31, 2025
	Classified		Special Mention		Pass		Total
	(In thousands)
Real estate mortgage:
Commercial	$	297,606	$	126,998	$	3,890,033	$	4,314,637
Multi-family	166,385		216,286		5,706,746		6,089,417
Other residential	58,202		—		3,288,531		3,346,733
Total real estate mortgage	522,193		343,284		12,885,310		13,750,787
Real estate construction and land:
Commercial	52,828		—		326,559		379,387
Residential	2,982		10,714		1,554,544		1,568,240
Total real estate construction and land	55,810		10,714		1,881,103		1,947,627
Commercial:
Asset-based	36,732		7,180		2,907,098		2,951,010
Venture capital	171,847		64,577		1,985,673		2,222,097
Other commercial	12,143		27,689		3,764,267		3,804,099
Total commercial	220,722		99,446		8,657,038		8,977,206
Consumer	1,605		5,239		350,215		357,059
Total	$	800,330	$	458,683	$	23,773,666	$	25,032,679


	December 31, 2024
	Classified		Special Mention		Pass		Total
	(In thousands)
Real estate mortgage:
Commercial	$	301,278	$	348,014	$	3,929,480	$	4,578,772
Multi-family	113,164		202,690		5,725,859		6,041,713
Other residential	47,993		14,351		2,744,830		2,807,174
Total real estate mortgage	462,435		565,055		12,400,169		13,427,659
Real estate construction and land:
Commercial	—		148,024		651,107		799,131
Residential	—		203,220		2,169,942		2,373,162
Total real estate construction and land	—		351,244		2,821,049		3,172,293
Commercial:
Asset-based	5,003		9,547		2,073,419		2,087,969
Venture capital	75,406		125,320		1,337,050		1,537,776
Other commercial	19,949		38,741		3,094,394		3,153,084
Total commercial	100,358		173,608		6,504,863		6,778,829
Consumer	709		7,408		394,765		402,882
Total	$	563,502	$	1,097,315	$	22,120,846	$	23,781,663

Financing Receivable, Modified, Subsequent Default


	Loan Modifications That Subsequently Defaulted Year Ended December 31, 2025
	Amortized Cost Basis at December 31, 2025
					Combination
	Term		Payment		Term Extension
	Extension		Delay		and Rate Reduction		Total
	(In thousands)
Real estate mortgage:

Multi-family	$	9,132	$	—	$	—	$	9,132
Other residential	—		2,197		—		2,197



Commercial:


Other commercial	74		—		68		142

Total	$	9,206	$	2,197	$	68	$	11,471


	Loan Modifications That Subsequently Defaulted Year Ended December 31, 2024
	Amortized Cost Basis at December 31, 2024
			Combination
	Term		Term Extension
	Extension		and Payment Delay		Total
	(In thousands)
Real estate mortgage:
Commercial	$	9,671	$	13,899	$	23,570

Other residential	3,539		—		3,539








Total	$	13,210	$	13,899	$	27,109

Finance Receivable Investment And Interest Income, Nonaccrual


	At and For the Year Ended
	December 31, 2025				December 31, 2024
	Nonaccrual		Interest		Nonaccrual		Interest
	Recorded		Income		Recorded		Income
	Investment		Recognized		Investment		Recognized
	(In thousands)
With An Allowance Recorded:
Real estate mortgage:
Commercial	$	26,594	$	—	$	9,864	$	—
Multi-family	—		—		—		—
Other residential	153		—		223		—



Commercial:

Venture capital	—		—		757		—
Other commercial	1,264		—		8,885		—
Consumer	1,358		—		624		—
With No Related Allowance Recorded:
Real estate mortgage:
Commercial	$	66,740	$	64	$	87,791	$	13
Multi-family	3,358		—		22,763		—
Other residential	57,831		—		46,565		—



Commercial:
Asset based	—		—		1,940		—
Venture capital	625		—		5,534		—
Other commercial	1,246		1,179		4,659		—
Consumer	(1)		—		—		—
Total Loans and Leases With and
Without an Allowance Recorded:
Real estate mortgage	$	154,676	$	64	$	167,206	$	13
Real estate construction and land	—		—		—		—
Commercial	3,135		1,179		21,775		—
Consumer	1,357		—		624		—
Total	$	159,168	$	1,243	$	189,605	$	13

Troubled Debt Restructurings on Financing Receivables


	Amortized Cost Basis at December 31, 2025
											Term Extension,
							Term Extension		Term Extension		Payment Delay,				% of
					Interest		and		and Interest		and Interest				Total
	Term Extension		Payment Delay		Rate Reduction		Payment Delays		Rate Reduction		Rate Reduction		Total		Loans
	(Dollars in thousands)
Real estate mortgage:
Commercial	$	108,639	$	4,484	$	5,803	$	—	$	—	$	—	$	118,926	2.8	%
Multi-family	48,641		—		—		—		—		—		48,641		0.8	%
Other residential	1,455		2,197		—		—		—		—		3,652		0.1	%

Real estate construction and land:
Residential	2,982		—		—		—		—		—		2,982		0.2	%
Commercial:
Asset-based	30,974		—		—		—		—		—		30,974		1.0	%
Venture capital	45,697		—		—		25,076		—		—		70,773		3.2	%
Other commercial	747		—		—		—		614		126		1,487		—	%
Consumer	252		—		—		—		—		—		252		0.1	%
Total	$	239,387	$	6,681	$	5,803	$	25,076	$	614	$	126	$	277,687


	Amortized Cost Basis at December 31, 2024
					Term Extension		Term Extension				% of
					and		and Interest				Total
	Term Extension		Payment Delay		Payment Delays		Rate Reduction		Total		Loans
	(Dollars in thousands)
Real estate mortgage:
Commercial	$	125,027	$	45,957	$	13,899	$	13,587	$	198,470	4.3	%

Other residential	4,218		—		—		—		4,218		0.2	%





Commercial:
Asset-based	1,940		—		—		—		1,940		0.1	%
Venture capital	5,722		758		12,064		—		18,544		1.2	%
Other commercial	3,428		—		36		—		3,464		0.1	%
Consumer	9		—		—		—		9		—	%
Total	$	140,344	$	46,715	$	25,999	$	13,587	$	226,645





	Amortized Cost Basis at December 31, 2023
								Term Extension		Term Extension						% of
								and		and Interest						Total
	Term Extension		Payment Delay			Payment Delays	Rate Reduction					Total	Loans
	(Dollars in thousands)
Real estate mortgage:


Other residential	$	9,068		$	—			$	—	$	—			$	9,068		0.2	%



Commercial:

Venture capital	—			—				324		—				324			—	%
Other commercial	4,410			37				—		5				4,452			0.2	%
Consumer	14			—				—		2				16			—	%
Total	$	13,492		$	37			$	324	$	7			$	13,860

Finance Receivables - Loan Restructuring & Refinancing Modifications

The following tables present the financial effect of our loan modifications made to borrowers experiencing financial difficulty by type of modification for the year indicated:


	Weighted Average for the Year Ended December 31, 2025
			Interest	Interest
	Term Extension	Payment Delay	Rate Reduction	Rate Reduction
	(in months)	(in months)	(in months)	(in % points)
Real estate mortgage:
Commercial	16	4	17	3.22%
Multi-family	15	—	—	—
Other residential	15	3	—	—
Real estate construction and land:

Residential	12	—	—	—
Commercial:
Asset-based	34	—	—	—
Venture capital	9	—	—	—
Other commercial	46	—	—	—
Consumer	12	—	—	—


	Weighted Average for the Year Ended December 31, 2024
			Combination -
			Principal Forgiveness
	Term Extension	Payment Delay	and Term Extension
	(in months)	(in months)	(in months)	(In millions)
Real estate mortgage:
Commercial	13	24	36	$	4.0

Other residential	84	—	—	—



Commercial:
Asset-based	7	—	—	—
Venture capital	36	3	—	—
Other commercial	13	—	—	—
Consumer	12	—	—	—


	Weighted Average for the Year Ended December 31, 2023
			Combination -
				Term Extension
	Term Extension	Payment Delay		and Payment Delay
	(in months)	(in months)		(in months)
Real estate mortgage:


Other residential	7	—		—



Commercial:

Venture capital	—	—		18
Other commercial	19	18		—
Consumer	12	—		—

The following outlines the weighted average financial effects of our combination loan modifications for borrowers experiencing financial difficulties.

Direct Financing Lease, Lease Income

The following table provides the components of leases receivable income for the period indicated:


	Year Ended December 31,
	2025		2024		2023
	(In thousands)
Component of leases receivable income:
Interest income on net investments in leases	$	14,534	$	18,714	$	16,671

Direct Finance Lease, Receivable Components

The following table presents the components of leases receivable as of the date indicated:


	December 31,
	2025		2024
	(In thousands)
Net Investment in Direct Financing Leases:
Lease payments receivable	$	151,719	$	202,815
Unguaranteed residual assets	19,921		22,489
Deferred costs and other	1,793		1,955
Aggregate net investment in leases	$	173,433	$	227,259

Sales-type and Direct Financing Leases, Lease Receivable, Maturity

The following table presents maturities of leases receivable as of the date indicated:


	December 31, 2025
	(In thousands)
Year Ending December 31,
2026	$	59,303
2027	45,389
2028	32,192
2029	25,182
2030	5,127
Thereafter	1,454
Total undiscounted cash flows	168,647
Less: Unearned income	(16,928)
Present value of lease payments	$	151,719

Allowance for Loan Losses

The following tables present a summary of the activity in the ALLL on loans and leases HFI by loan portfolio segment for the years indicated:


	Year Ended December 31, 2025
			Real Estate
	Real Estate		Construction
	Mortgage		and Land		Commercial		Consumer		Total
	(In thousands)
Allowance for Loan and Lease Losses:
Balance, beginning of year	$	145,754	$	10,940	$	67,833	$	14,833	$	239,360
Charge-offs	(26,507)		(21,536)		(22,977)		(4,485)		(75,505)
Recoveries	2,786		1,370		12,264		557		16,977
Net charge-offs	(23,721)		(20,166)		(10,713)		(3,928)		(58,528)
Provision	15,368		18,075		28,967		2,370		64,780
Balance, end of year	$	137,401	$	8,849	$	86,087	$	13,275	$	245,612

Ending Allowance by
Evaluation Methodology:
Individually evaluated	$	2,357	$	—	$	—	$	—	$	2,357
Collectively evaluated	$	135,044	$	8,849	$	86,087	$	13,275	$	243,255

Ending Loans and Leases by
Evaluation Methodology:
Individually evaluated	$	154,402	$	—	$	1,871	$	—	$	156,273
Collectively evaluated	13,596,385		1,947,627		8,975,335		357,059		24,876,406
Ending balance	$	13,750,787	$	1,947,627	$	8,977,206	$	357,059	$	25,032,679


	Year Ended December 31, 2024
			Real Estate
	Real Estate		Construction
	Mortgage		and Land		Commercial		Consumer		Total
	(In thousands)
Allowance for Loan and Lease Losses:
Balance, beginning of year	$	186,827	$	33,830	$	45,156	$	15,874	$	281,687

Charge-offs	(63,117)		—		(26,322)		(5,504)		(94,943)
Recoveries	2,766		—		5,711		639		9,116
Net charge-offs	(60,351)		—		(20,611)		(4,865)		(85,827)
Provision	19,278		(22,890)		43,288		3,824		43,500
Balance, end of year	$	145,754	$	10,940	$	67,833	$	14,833	$	239,360

Ending Allowance by
Evaluation Methodology:
Individually evaluated	$	1,702	$	—	$	3,706	$	—	$	5,408
Collectively evaluated	$	144,052	$	10,940	$	64,127	$	14,833	$	233,952

Ending Loans and Leases by
Evaluation Methodology:
Individually evaluated	$	167,060	$	—	$	19,831	$	—	$	186,891
Collectively evaluated	13,260,599		3,172,293		6,758,998		402,882		23,594,772
Ending balance	$	13,427,659	$	3,172,293	$	6,778,829	$	402,882	$	23,781,663

The following tables present a summary of the activity in the ALLL and reserve for unfunded loan commitments for the years indicated:


	Year Ended December 31, 2025
	Allowance for		Reserve for		Total
	Loan and		Unfunded Loan		Allowance for
	Lease Losses		Commitments		Credit Losses
	(In thousands)
Balance, beginning of year	$	239,360	$	29,071	$	268,431
Charge-offs	(75,505)		—		(75,505)
Recoveries	16,977		—		16,977
Net charge-offs	(58,528)		—		(58,528)
Provision	64,780		5,850		70,630
Balance, end of year	$	245,612	$	34,921	$	280,533


	Year Ended December 31, 2024
	Allowance for		Reserve for		Total
	Loan and		Unfunded Loan		Allowance for
	Lease Losses		Commitments		Credit Losses
	(In thousands)
Balance, beginning of year	$	281,687	$	29,571	$	311,258

Charge-offs	(94,943)		—		(94,943)
Recoveries	9,116		—		9,116
Net charge-offs	(85,827)		—		(85,827)
Provision	43,500		(500)		43,000
Balance, end of year	$	239,360	$	29,071	$	268,431

Collateral-Dependent and Individually Evaluated

NOTE 5. LOANS AND LEASES

Loans and Leases Held for Investment

The following table summarizes the composition of our loans and leases HFI as of the dates indicated:


	December 31,
	2025		2024
	(In thousands)
Real estate mortgage	$	13,846,097	$	13,605,595
Real estate construction and land (1)	1,959,591		3,187,146
Commercial	8,994,466		6,788,923
Consumer	355,333		402,254
Total gross loans and leases HFI	25,155,487		23,983,918
Unearned discounts, net (2)	(86,061)		(175,713)
Deferred fees, net	(36,747)		(26,542)
Total loans and leases HFI	25,032,679		23,781,663
Allowance for loan and lease losses	(245,612)		(239,360)
Total loans and leases held for investment, net (3)	$	24,787,067	$	23,542,303

____________________

(1) Includes land and acquisition and development loans of $214.5 million and $223.9 million at December 31, 2025 and 2024.

(3) Excludes accrued interest receivable of $104.3 million and $96.8 million at December 31, 2025 and 2024, which is recorded in "Other assets" on the consolidated balance sheets.

The following tables present an aging analysis of our loans and leases HFI by loan portfolio segment and class as of the dates indicated:


	December 31, 2025
	30 - 89		90 or More
	Days		Days		Total
	Past Due		Past Due		Past Due		Current		Total
	(In thousands)
Real estate mortgage:
Commercial	$	10,498	$	46,506	$	57,004	$	4,257,633	$	4,314,637
Multi-family	32,887		2,536		35,423		6,053,994		6,089,417
Other residential	34,319		42,780		77,099		3,269,634		3,346,733
Total real estate mortgage	77,704		91,822		169,526		13,581,261		13,750,787
Real estate construction and land:
Commercial	—		—		—		379,387		379,387
Residential	26,540		—		26,540		1,541,700		1,568,240
Total real estate construction and land	26,540		—		26,540		1,921,087		1,947,627
Commercial:
Asset-based	1,142		—		1,142		2,949,868		2,951,010
Venture capital	—		—		—		2,222,097		2,222,097
Other commercial	984		104		1,088		3,803,011		3,804,099
Total commercial	2,126		104		2,230		8,974,976		8,977,206
Consumer	1,933		729		2,662		354,397		357,059
Total	$	108,303	$	92,655	$	200,958	$	24,831,721	$	25,032,679


	December 31, 2024
	30 - 89		90 or More
	Days		Days		Total
	Past Due		Past Due		Past Due		Current		Total
	(In thousands)
Real estate mortgage:
Commercial	$	27,700	$	22,561	$	50,261	$	4,528,511	$	4,578,772
Multi-family	10,346		21,860		32,206		6,009,507		6,041,713
Other residential	39,873		36,976		76,849		2,730,325		2,807,174
Total real estate mortgage	77,919		81,397		159,316		13,268,343		13,427,659
Real estate construction and land:
Commercial	—		—		—		799,131		799,131
Residential	—		—		—		2,373,162		2,373,162
Total real estate construction and land	—		—		—		3,172,293		3,172,293
Commercial:
Asset-based	1,795		—		1,795		2,086,174		2,087,969
Venture capital	5,534		—		5,534		1,532,242		1,537,776
Other commercial	3,295		6,956		10,251		3,142,833		3,153,084
Total commercial	10,624		6,956		17,580		6,761,249		6,778,829
Consumer	2,804		493		3,297		399,585		402,882
Total	$	91,347	$	88,846	$	180,193	$	23,601,470	$	23,781,663

The following table presents our nonaccrual and performing loans and leases HFI by loan portfolio segment and class as of the dates indicated:


	December 31,
	2025						2024
	Nonaccrual		Performing		Total		Nonaccrual		Performing		Total
	(In thousands)
Real estate mortgage:
Commercial	$	93,334	$	4,221,303	$	4,314,637	$	97,655	$	4,481,117	$	4,578,772
Multi-family	3,358		6,086,059		6,089,417		22,763		6,018,950		6,041,713
Other residential	57,984		3,288,749		3,346,733		46,788		2,760,386		2,807,174
Total real estate mortgage	154,676		13,596,111		13,750,787		167,206		13,260,453		13,427,659
Real estate construction and land:
Commercial	—		379,387		379,387		—		799,131		799,131
Residential	—		1,568,240		1,568,240		—		2,373,162		2,373,162
Total real estate construction and land	—		1,947,627		1,947,627		—		3,172,293		3,172,293
Commercial:
Asset-based	—		2,951,010		2,951,010		1,940		2,086,029		2,087,969
Venture capital	625		2,221,472		2,222,097		6,291		1,531,485		1,537,776
Other commercial	2,510		3,801,589		3,804,099		13,544		3,139,540		3,153,084
Total commercial	3,135		8,974,071		8,977,206		21,775		6,757,054		6,778,829
Consumer	1,357		355,702		357,059		624		402,258		402,882
Total	$	159,168	$	24,873,511	$	25,032,679	$	189,605	$	23,592,058	$	23,781,663

As of December 31, 2025, our three largest loan relationships on nonaccrual status had an aggregate carrying value of $43.5 million and represented 27% of total nonaccrual loans and leases.


	December 31, 2025
	Classified		Special Mention		Pass		Total
	(In thousands)
Real estate mortgage:
Commercial	$	297,606	$	126,998	$	3,890,033	$	4,314,637
Multi-family	166,385		216,286		5,706,746		6,089,417
Other residential	58,202		—		3,288,531		3,346,733
Total real estate mortgage	522,193		343,284		12,885,310		13,750,787
Real estate construction and land:
Commercial	52,828		—		326,559		379,387
Residential	2,982		10,714		1,554,544		1,568,240
Total real estate construction and land	55,810		10,714		1,881,103		1,947,627
Commercial:
Asset-based	36,732		7,180		2,907,098		2,951,010
Venture capital	171,847		64,577		1,985,673		2,222,097
Other commercial	12,143		27,689		3,764,267		3,804,099
Total commercial	220,722		99,446		8,657,038		8,977,206
Consumer	1,605		5,239		350,215		357,059
Total	$	800,330	$	458,683	$	23,773,666	$	25,032,679


	December 31, 2024
	Classified		Special Mention		Pass		Total
	(In thousands)
Real estate mortgage:
Commercial	$	301,278	$	348,014	$	3,929,480	$	4,578,772
Multi-family	113,164		202,690		5,725,859		6,041,713
Other residential	47,993		14,351		2,744,830		2,807,174
Total real estate mortgage	462,435		565,055		12,400,169		13,427,659
Real estate construction and land:
Commercial	—		148,024		651,107		799,131
Residential	—		203,220		2,169,942		2,373,162
Total real estate construction and land	—		351,244		2,821,049		3,172,293
Commercial:
Asset-based	5,003		9,547		2,073,419		2,087,969
Venture capital	75,406		125,320		1,337,050		1,537,776
Other commercial	19,949		38,741		3,094,394		3,153,084
Total commercial	100,358		173,608		6,504,863		6,778,829
Consumer	709		7,408		394,765		402,882
Total	$	563,502	$	1,097,315	$	22,120,846	$	23,781,663


	At and For the Year Ended
	December 31, 2025				December 31, 2024
	Nonaccrual		Interest		Nonaccrual		Interest
	Recorded		Income		Recorded		Income
	Investment		Recognized		Investment		Recognized
	(In thousands)
With An Allowance Recorded:
Real estate mortgage:
Commercial	$	26,594	$	—	$	9,864	$	—
Multi-family	—		—		—		—
Other residential	153		—		223		—



Commercial:

Venture capital	—		—		757		—
Other commercial	1,264		—		8,885		—
Consumer	1,358		—		624		—
With No Related Allowance Recorded:
Real estate mortgage:
Commercial	$	66,740	$	64	$	87,791	$	13
Multi-family	3,358		—		22,763		—
Other residential	57,831		—		46,565		—



Commercial:
Asset based	—		—		1,940		—
Venture capital	625		—		5,534		—
Other commercial	1,246		1,179		4,659		—
Consumer	(1)		—		—		—
Total Loans and Leases With and
Without an Allowance Recorded:
Real estate mortgage	$	154,676	$	64	$	167,206	$	13
Real estate construction and land	—		—		—		—
Commercial	3,135		1,179		21,775		—
Consumer	1,357		—		624		—
Total	$	159,168	$	1,243	$	189,605	$	13


															Revolving
															Converted
Amortized Cost Basis	Term Loans by Origination Year												Revolving		to Term
December 31, 2025	2025		2024		2023		2022		2021		Prior		Loans		Loans		Total
	(In thousands)
Real Estate Mortgage:
Commercial
Internal risk rating:
1-2 High pass	$	14,708	$	3,470	$	2,787	$	23,377	$	33,027	$	77,427	$	—	$	—	$	154,796
3-4.5 Pass	430,807		181,597		121,685		781,194		608,067		1,544,708		61,764		5,415		3,735,237
5 Special mention	—		—		—		23,072		43,724		37,155		—		23,047		126,998
6-8 Classified	—		23,880		27,514		57,759		53,699		134,754		—		—		297,606
Total	$	445,515	$	208,947	$	151,986	$	885,402	$	738,517	$	1,794,044	$	61,764	$	28,462	$	4,314,637
Current YTD period:
Gross charge-offs	$	—	$	—	$	51	$	2,416	$	613	$	16,650	$	—	$	—	$	19,730

Real Estate Mortgage:
Multi-Family
Internal risk rating:
1-2 High pass	$	—	$	—	$	—	$	53,190	$	175,257	$	155,222	$	—	$	—	$	383,669
3-4.5 Pass	429,017		131,377		54,475		2,126,937		1,120,759		1,459,061		1,451		—		5,323,077
5 Special mention	10,472		28,948		5,412		97,980		28,727		44,747		—		—		216,286
6-8 Classified	—		19,989		—		64,972		28,372		53,052		—		—		166,385
Total	$	439,489	$	180,314	$	59,887	$	2,343,079	$	1,353,115	$	1,712,082	$	1,451	$	—	$	6,089,417
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	3,275	$	—	$	—	$	3,275

Real Estate Mortgage:
Other Residential
Internal risk rating:
1-2 High pass	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
3-4.5 Pass	752,817		40,271		22,332		263,745		2,015,936		91,935		101,495		—		3,288,531
5 Special mention	—		—		—		—		—		—		—		—		—
6-8 Classified	1,122		—		543		28,599		26,712		228		998		—		58,202
Total	$	753,939	$	40,271	$	22,875	$	292,344	$	2,042,648	$	92,163	$	102,493	$	—	$	3,346,733
Current YTD period:
Gross charge-offs	$	—	$	—	$	145	$	2,624	$	733	$	—	$	—	$	—	$	3,502


															Revolving
															Converted
Amortized Cost Basis	Term Loans by Origination Year												Revolving		to Term
December 31, 2025	2025		2024		2023		2022		2021		Prior		Loans		Loans		Total
	(In thousands)
Real Estate Construction
and Land: Commercial
Internal risk rating:
1-2 High pass	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
3-4.5 Pass	123,586		51,969		64,663		44,365		40,315		1,661		—		—		326,559
5 Special mention	—		—		—		—		—		—		—		—		—
6-8 Classified	—		—		—		52,828		—		—		—		—		52,828
Total	$	123,586	$	51,969	$	64,663	$	97,193	$	40,315	$	1,661	$	—	$	—	$	379,387
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	20,196	$	1,340	$	—	$	—	$	—	$	21,536
Real Estate Construction
and Land: Residential
Internal risk rating:
1-2 High pass	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
3-4.5 Pass	100,284		189,207		196,046		705,647		188,284		80,625		94,451		—		1,554,544
5 Special mention	—		—		—		4,308		6,406		—		—		—		10,714
6-8 Classified	—		—		—		—		2,982		—		—		—		2,982
Total	$	100,284	$	189,207	$	196,046	$	709,955	$	197,672	$	80,625	$	94,451	$	—	$	1,568,240
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial: Asset-Based
Internal risk rating:
1-2 High pass	$	41,364	$	29,359	$	23,020	$	122,112	$	185,978	$	197,800	$	204,041	$	—	$	803,674
3-4.5 Pass	355,855		40,478		77,608		144,338		72,205		8,625		1,404,315		—		2,103,424
5 Special mention	—		—		—		—		—		—		7,180		—		7,180
6-8 Classified	5,650		—		194		5,564		—		—		25,324		—		36,732
Total	$	402,869	$	69,837	$	100,822	$	272,014	$	258,183	$	206,425	$	1,640,860	$	—	$	2,951,010
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


															Revolving
															Converted
Amortized Cost Basis (1)	Term Loans by Origination Year												Revolving		to Term
December 31, 2025	2025		2024		2023		2022		2021		Prior		Loans		Loans		Total
	(In thousands)
Commercial: Venture Capital
Internal risk rating:
1-2 High pass	$	(279)	$	(75)	$	(67)	$	—	$	—	$	—	$	138,159	$	22,167	$	159,905
3-4.5 Pass	113,608		93,269		60,589		25,483		47,321		16,979		1,437,845		30,674		1,825,768
5 Special mention	19,964		(4)		21,986		—		—		—		22,044		587		64,577
6-8 Classified	625		33,631		33,431		46,535		12,484		—		45,141		—		171,847
Total	$	133,918	$	126,821	$	115,939	$	72,018	$	59,805	$	16,979	$	1,643,189	$	53,428	$	2,222,097
Current YTD period:
Gross charge-offs	$	993	$	—	$	—	$	—	$	5,257	$	—	$	—	$	—	$	6,250
Commercial: Other Commercial
Internal risk rating:
1-2 High pass	$	2,929	$	903	$	172	$	20,124	$	611	$	(61)	$	53,892	$	(1)	$	78,569
3-4.5 Pass	226,226		51,373		61,827		44,555		167,436		135,630		2,969,078		29,573		3,685,698
5 Special mention	—		—		9,022		5,062		779		85		12,147		594		27,689
6-8 Classified	—		2,447		—		2,918		44		1,271		4,414		1,049		12,143
Total	$	229,155	$	54,723	$	71,021	$	72,659	$	168,870	$	136,925	$	3,039,531	$	31,215	$	3,804,099
Current YTD period:
Gross charge-offs	$	—	$	—	$	1,393	$	727	$	228	$	2,039	$	11,596	$	744	$	16,727

Consumer
Internal risk rating:
1-2 High pass	$	66	$	—	$	—	$	14	$	7	$	—	$	489	$	—	$	576
3-4.5 Pass	28,736		24,251		13,618		51,008		149,047		79,026		3,809		144		349,639
5 Special mention	—		—		—		1,029		2,964		1,246		—		—		5,239
6-8 Classified	—		—		—		151		349		853		—		252		1,605
Total	$	28,802	$	24,251	$	13,618	$	52,202	$	152,367	$	81,125	$	4,298	$	396	$	357,059
Current YTD period:
Gross charge-offs	$	—	$	—	$	92	$	1,104	$	1,892	$	1,395	$	1	$	1	$	4,485

Total Loans and Leases
Internal risk rating:
1-2 High pass	$	58,788	$	33,657	$	25,912	$	218,817	$	394,880	$	430,388	$	396,581	$	22,166	$	1,581,189
3-4.5 Pass	2,560,936		803,792		672,843		4,187,272		4,409,370		3,418,250		6,074,208		65,806		22,192,477
5 Special mention	30,436		28,944		36,420		131,451		82,600		83,233		41,371		24,228		458,683
6-8 Classified	7,397		79,947		61,682		259,326		124,642		190,158		75,877		1,301		800,330
Total	$	2,657,557	$	946,340	$	796,857	$	4,796,866	$	5,011,492	$	4,122,029	$	6,588,037	$	113,501	$	25,032,679
Current YTD period:
Gross charge-offs	$	993	$	—	$	1,681	$	27,067	$	10,063	$	23,359	$	11,597	$	745	$	75,505

____________________

(1) Amounts with negative balances are loans with zero principal balances and deferred loan origination fees.


															Revolving
															Converted
Amortized Cost Basis (1)	Term Loans by Origination Year												Revolving		to Term
December 31, 2024	2024		2023		2022		2021		2020		Prior		Loans		Loans		Total
	(In thousands)
Real Estate Mortgage:
Commercial
Internal risk rating:
1-3 High pass	$	1,694	$	—	$	26,166	$	22,821	$	8,089	$	78,588	$	1	$	—	$	137,359
4-6 Pass	232,808		132,389		800,877		682,806		450,822		1,407,314		56,481		28,624		3,792,121
7 Special mention	—		23,844		123,589		24,364		—		176,217		—		—		348,014
8-9 Classified	13,587		1,765		27,579		68,488		20,853		169,006		—		—		301,278
Total	$	248,089	$	157,998	$	978,211	$	798,479	$	479,764	$	1,831,125	$	56,482	$	28,624	$	4,578,772
Current YTD period:
Gross charge-offs	$	—	$	—	$	175	$	12,217	$	9,714	$	1,481	$	—	$	—	$	23,587

Real Estate Mortgage:
Multi-Family
Internal risk rating:
1-3 High pass	$	—	$	—	$	55,847	$	214,583	$	62,942	$	129,163	$	—	$	—	$	462,535
4-6 Pass	223,333		60,137		2,037,864		1,154,452		451,602		1,324,816		11,120		—		5,263,324
7 Special mention	—		—		112,963		35,065		—		40,262		—		14,400		202,690
8-9 Classified	—		—		40,018		33,877		4,751		34,518		—		—		113,164
Total	$	223,333	$	60,137	$	2,246,692	$	1,437,977	$	519,295	$	1,528,759	$	11,120	$	14,400	$	6,041,713
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Real Estate Mortgage:
Other Residential
Internal risk rating:
1-3 High pass	$	—	$	—	$	—	$	—	$	—	$	—	$	3,510	$	—	$	3,510
4-6 Pass	(562)		31,318		336,719		2,235,006		53,094		43,510		42,158		77		2,741,320
7 Special mention	—		310		8,121		5,644		—		276		—		—		14,351
8-9 Classified	—		3,571		25,616		17,189		—		1,448		169		—		47,993
Total	$	(562)	$	35,199	$	370,456	$	2,257,839	$	53,094	$	45,234	$	45,837	$	77	$	2,807,174
Current YTD period:
Gross charge-offs	$	—	$	3,445	$	29,099	$	6,394	$	350	$	67	$	175	$	—	$	39,530

____________________

(1) Amounts with negative balances are loans with zero principal balances and deferred loan origination fees.


															Revolving
															Converted
Amortized Cost Basis	Term Loans by Origination Year												Revolving		to Term
December 31, 2024	2024		2023		2022		2021		2020		Prior		Loans		Loans		Total
	(In thousands)
Real Estate Construction
and Land: Commercial
Internal risk rating:
1-3 High pass	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
4-6 Pass	29,674		47,183		404,732		115,729		45,576		8,213		—		—		651,107
7 Special mention	10,501		—		—		111,933		—		—		25,590		—		148,024
8-9 Classified	—		—		—		—		—		—		—		—		—
Total	$	40,175	$	47,183	$	404,732	$	227,662	$	45,576	$	8,213	$	25,590	$	—	$	799,131
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Real Estate Construction
and Land: Residential
Internal risk rating:
1-3 High pass	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
4-6 Pass	97,488		194,405		1,113,955		436,335		224,511		—		103,248		—		2,169,942
7 Special mention	—		—		143,136		60,084		—		—		—		—		203,220
8-9 Classified	—		—		—		—		—		—		—		—		—
Total	$	97,488	$	194,405	$	1,257,091	$	496,419	$	224,511	$	—	$	103,248	$	—	$	2,373,162
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial: Asset-Based
Internal risk rating:
1-3 High pass	$	39,542	$	37,081	$	163,918	$	222,942	$	15,730	$	251,167	$	195,994	$	—	$	926,374
4-6 Pass	100,098		88,514		180,433		68,372		9,653		34,331		618,036		47,608		1,147,045
7 Special mention	—		194		5,569		—		—		—		3,784		—		9,547
8-9 Classified	—		—		—		—		—		—		5,003		—		5,003
Total	$	139,640	$	125,789	$	349,920	$	291,314	$	25,383	$	285,498	$	822,817	$	47,608	$	2,087,969
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	92	$	—	$	—	$	—	$	92


															Revolving
															Converted
Amortized Cost Basis (1)	Term Loans by Origination Year												Revolving		to Term
December 31, 2024	2024		2023		2022		2021		2020		Prior		Loans		Loans		Total
	(In thousands)
Commercial: Venture Capital
Internal risk rating:
1-3 High pass	$	(92)	$	(100)	$	—	$	414	$	2,101	$	—	$	72,745	$	23,426	$	98,494
4-6 Pass	100,854		104,022		79,659		76,224		3,784		17,749		777,199		79,065		1,238,556
7 Special mention	1,396		56,973		(1)		29,973		—		—		36,979		—		125,320
8-9 Classified	14,895		—		12,821		20,182		—		—		27,508		—		75,406
Total	$	117,053	$	160,895	$	92,479	$	126,793	$	5,885	$	17,749	$	914,431	$	102,491	$	1,537,776
Current YTD period:
Gross charge-offs	$	—	$	2,272	$	—	$	14,000	$	—	$	2	$	140	$	—	$	16,414
Commercial: Other Commercial
Internal risk rating:
1-3 High pass	$	685	$	241	$	20,873	$	3,360	$	10	$	(83)	$	73,596	$	—	$	98,682
4-6 Pass	66,097		98,878		117,846		199,252		39,244		160,030		2,252,507		61,858		2,995,712
7 Special mention	6,462		8,912		2,880		144		—		127		20,073		143		38,741
8-9 Classified	—		1,397		1,243		2,365		—		5,836		8,234		874		19,949
Total	$	73,244	$	109,428	$	142,842	$	205,121	$	39,254	$	165,910	$	2,354,410	$	62,875	$	3,153,084
Current YTD period:
Gross charge-offs	$	—	$	—	$	1,144	$	500	$	1,696	$	3,159	$	2,712	$	605	$	9,816

Consumer
Internal risk rating:
1-3 High pass	$	—	$	—	$	20	$	15	$	1	$	—	$	932	$	—	$	968
4-6 Pass	31,034		19,181		59,594		176,189		18,658		82,678		6,231		232		393,797
7 Special mention	—		—		1,327		4,179		142		1,760		—		—		7,408
8-9 Classified	—		—		32		283		34		350		—		10		709
Total	$	31,034	$	19,181	$	60,973	$	180,666	$	18,835	$	84,788	$	7,163	$	242	$	402,882
Current YTD period:
Gross charge-offs	$	—	$	198	$	790	$	2,733	$	352	$	1,427	$	4	$	—	$	5,504

Total Loans and Leases
Internal risk rating:
1-3 High pass	$	41,829	$	37,222	$	266,824	$	464,135	$	88,873	$	458,835	$	346,778	$	23,426	$	1,727,922
4-6 Pass	880,824		776,027		5,131,679		5,144,365		1,296,944		3,078,641		3,866,980		217,464		20,392,924
7 Special mention	18,359		90,233		397,584		271,386		142		218,642		86,426		14,543		1,097,315
8-9 Classified	28,482		6,733		107,309		142,384		25,638		211,158		40,914		884		563,502
Total	$	969,494	$	910,215	$	5,903,396	$	6,022,270	$	1,411,597	$	3,967,276	$	4,341,098	$	256,317	$	23,781,663
Current YTD period:
Gross charge-offs	$	—	$	5,915	$	31,208	$	35,844	$	12,204	$	6,136	$	3,031	$	605	$	94,943

______________________

(1) Amounts with negative balances are loans with zero principal balances and deferred loan origination fees.

Loan Modifications


	Amortized Cost Basis at December 31, 2025
											Term Extension,
							Term Extension		Term Extension		Payment Delay,				% of
					Interest		and		and Interest		and Interest				Total
	Term Extension		Payment Delay		Rate Reduction		Payment Delays		Rate Reduction		Rate Reduction		Total		Loans
	(Dollars in thousands)
Real estate mortgage:
Commercial	$	108,639	$	4,484	$	5,803	$	—	$	—	$	—	$	118,926	2.8	%
Multi-family	48,641		—		—		—		—		—		48,641		0.8	%
Other residential	1,455		2,197		—		—		—		—		3,652		0.1	%

Real estate construction and land:
Residential	2,982		—		—		—		—		—		2,982		0.2	%
Commercial:
Asset-based	30,974		—		—		—		—		—		30,974		1.0	%
Venture capital	45,697		—		—		25,076		—		—		70,773		3.2	%
Other commercial	747		—		—		—		614		126		1,487		—	%
Consumer	252		—		—		—		—		—		252		0.1	%
Total	$	239,387	$	6,681	$	5,803	$	25,076	$	614	$	126	$	277,687


	Amortized Cost Basis at December 31, 2024
					Term Extension		Term Extension				% of
					and		and Interest				Total
	Term Extension		Payment Delay		Payment Delays		Rate Reduction		Total		Loans
	(Dollars in thousands)
Real estate mortgage:
Commercial	$	125,027	$	45,957	$	13,899	$	13,587	$	198,470	4.3	%

Other residential	4,218		—		—		—		4,218		0.2	%





Commercial:
Asset-based	1,940		—		—		—		1,940		0.1	%
Venture capital	5,722		758		12,064		—		18,544		1.2	%
Other commercial	3,428		—		36		—		3,464		0.1	%
Consumer	9		—		—		—		9		—	%
Total	$	140,344	$	46,715	$	25,999	$	13,587	$	226,645





	Amortized Cost Basis at December 31, 2023
								Term Extension		Term Extension						% of
								and		and Interest						Total
	Term Extension		Payment Delay			Payment Delays	Rate Reduction					Total	Loans
	(Dollars in thousands)
Real estate mortgage:


Other residential	$	9,068		$	—			$	—	$	—			$	9,068		0.2	%



Commercial:

Venture capital	—			—				324		—				324			—	%
Other commercial	4,410			37				—		5				4,452			0.2	%
Consumer	14			—				—		2				16			—	%
Total	$	13,492		$	37			$	324	$	7			$	13,860

The following tables present the financial effect of our loan modifications made to borrowers experiencing financial difficulty by type of modification for the year indicated:


	Weighted Average for the Year Ended December 31, 2025
			Interest	Interest
	Term Extension	Payment Delay	Rate Reduction	Rate Reduction
	(in months)	(in months)	(in months)	(in % points)
Real estate mortgage:
Commercial	16	4	17	3.22%
Multi-family	15	—	—	—
Other residential	15	3	—	—
Real estate construction and land:

Residential	12	—	—	—
Commercial:
Asset-based	34	—	—	—
Venture capital	9	—	—	—
Other commercial	46	—	—	—
Consumer	12	—	—	—


	Weighted Average for the Year Ended December 31, 2024
			Combination -
			Principal Forgiveness
	Term Extension	Payment Delay	and Term Extension
	(in months)	(in months)	(in months)	(In millions)
Real estate mortgage:
Commercial	13	24	36	$	4.0

Other residential	84	—	—	—



Commercial:
Asset-based	7	—	—	—
Venture capital	36	3	—	—
Other commercial	13	—	—	—
Consumer	12	—	—	—


	Weighted Average for the Year Ended December 31, 2023
			Combination -
				Term Extension
	Term Extension	Payment Delay		and Payment Delay
	(in months)	(in months)		(in months)
Real estate mortgage:


Other residential	7	—		—



Commercial:

Venture capital	—	—		18
Other commercial	19	18		—
Consumer	12	—		—

The following outlines the weighted average financial effects of our combination loan modifications for borrowers experiencing financial difficulties.

The following tables present the payment status of loans that were modified during the preceding 12-month period with related amortized cost balances as of the dates indicated:


	Payment Status (Amortized Cost Basis) at December 31, 2025
			30-89 Days		90 or More Days
	Current		Past Due		Past Due		Total
	(In thousands)
Real estate mortgage:
Commercial	$	116,929	$	1,997	$	—	$	118,926
Multi-family	48,641		—		—		48,641
Other residential	1,455		—		2,197		3,652
Real estate construction and land:

Residential	2,982		—		—		2,982
Commercial:
Asset-based	30,974		—		—		30,974
Venture capital	70,773		—		—		70,773
Other commercial	1,418		69		—		1,487
Consumer	252		—		—		252
Total	$	273,424	$	2,066	$	2,197	$	277,687


	Payment Status (Amortized Cost Basis) at December 31, 2024
			30-89 Days		90 or More Days
	Current		Past Due		Past Due		Total
	(In thousands)
Real estate mortgage:
Commercial	$	188,799	$	9,671	$	—	$	198,470

Other residential	679		—		3,539		4,218



Commercial:
Asset-based	1,940		—		—		1,940
Venture capital	18,544		—		—		18,544
Other commercial	3,464		—		—		3,464
Consumer	9		—		—		9
Total	$	213,435	$	9,671	$	3,539	$	226,645


	Loan Modifications That Subsequently Defaulted Year Ended December 31, 2025
	Amortized Cost Basis at December 31, 2025
					Combination
	Term		Payment		Term Extension
	Extension		Delay		and Rate Reduction		Total
	(In thousands)
Real estate mortgage:

Multi-family	$	9,132	$	—	$	—	$	9,132
Other residential	—		2,197		—		2,197



Commercial:


Other commercial	74		—		68		142

Total	$	9,206	$	2,197	$	68	$	11,471


	Loan Modifications That Subsequently Defaulted Year Ended December 31, 2024
	Amortized Cost Basis at December 31, 2024
			Combination
	Term		Term Extension
	Extension		and Payment Delay		Total
	(In thousands)
Real estate mortgage:
Commercial	$	9,671	$	13,899	$	23,570

Other residential	3,539		—		3,539








Total	$	13,210	$	13,899	$	27,109

For the year ended December 31, 2023, other residential loans with an amortized cost basis totaling $735 thousand defaulted within 12 months of their term extensions.

Leases Receivable

The following table provides the components of leases receivable income for the period indicated:


	Year Ended December 31,
	2025		2024		2023
	(In thousands)
Component of leases receivable income:
Interest income on net investments in leases	$	14,534	$	18,714	$	16,671

The following table presents the components of leases receivable as of the date indicated:


	December 31,
	2025		2024
	(In thousands)
Net Investment in Direct Financing Leases:
Lease payments receivable	$	151,719	$	202,815
Unguaranteed residual assets	19,921		22,489
Deferred costs and other	1,793		1,955
Aggregate net investment in leases	$	173,433	$	227,259

The following table presents maturities of leases receivable as of the date indicated:


	December 31, 2025
	(In thousands)
Year Ending December 31,
2026	$	59,303
2027	45,389
2028	32,192
2029	25,182
2030	5,127
Thereafter	1,454
Total undiscounted cash flows	168,647
Less: Unearned income	(16,928)
Present value of lease payments	$	151,719

Allowance for Loan and Lease Losses

The following tables present a summary of the activity in the ALLL on loans and leases HFI by loan portfolio segment for the years indicated:


	Year Ended December 31, 2025
			Real Estate
	Real Estate		Construction
	Mortgage		and Land		Commercial		Consumer		Total
	(In thousands)
Allowance for Loan and Lease Losses:
Balance, beginning of year	$	145,754	$	10,940	$	67,833	$	14,833	$	239,360
Charge-offs	(26,507)		(21,536)		(22,977)		(4,485)		(75,505)
Recoveries	2,786		1,370		12,264		557		16,977
Net charge-offs	(23,721)		(20,166)		(10,713)		(3,928)		(58,528)
Provision	15,368		18,075		28,967		2,370		64,780
Balance, end of year	$	137,401	$	8,849	$	86,087	$	13,275	$	245,612

Ending Allowance by
Evaluation Methodology:
Individually evaluated	$	2,357	$	—	$	—	$	—	$	2,357
Collectively evaluated	$	135,044	$	8,849	$	86,087	$	13,275	$	243,255

Ending Loans and Leases by
Evaluation Methodology:
Individually evaluated	$	154,402	$	—	$	1,871	$	—	$	156,273
Collectively evaluated	13,596,385		1,947,627		8,975,335		357,059		24,876,406
Ending balance	$	13,750,787	$	1,947,627	$	8,977,206	$	357,059	$	25,032,679


	Year Ended December 31, 2024
			Real Estate
	Real Estate		Construction
	Mortgage		and Land		Commercial		Consumer		Total
	(In thousands)
Allowance for Loan and Lease Losses:
Balance, beginning of year	$	186,827	$	33,830	$	45,156	$	15,874	$	281,687

Charge-offs	(63,117)		—		(26,322)		(5,504)		(94,943)
Recoveries	2,766		—		5,711		639		9,116
Net charge-offs	(60,351)		—		(20,611)		(4,865)		(85,827)
Provision	19,278		(22,890)		43,288		3,824		43,500
Balance, end of year	$	145,754	$	10,940	$	67,833	$	14,833	$	239,360

Ending Allowance by
Evaluation Methodology:
Individually evaluated	$	1,702	$	—	$	3,706	$	—	$	5,408
Collectively evaluated	$	144,052	$	10,940	$	64,127	$	14,833	$	233,952

Ending Loans and Leases by
Evaluation Methodology:
Individually evaluated	$	167,060	$	—	$	19,831	$	—	$	186,891
Collectively evaluated	13,260,599		3,172,293		6,758,998		402,882		23,594,772
Ending balance	$	13,427,659	$	3,172,293	$	6,778,829	$	402,882	$	23,781,663


	December 31,
	2025				2024
	Real		Business				Real		Business
	Property		Assets		Total		Property		Assets		Total
	(In thousands)
Real estate mortgage	$	155,233	$	—	$	155,233	$	167,060	$	—	$	167,060

Commercial	—		625		625		—		10,870		10,870

Total	$	155,233	$	625	$	155,858	$	167,060	$	10,870	$	177,930

Allowance for Credit Losses

The following tables present a summary of the activity in the ALLL and reserve for unfunded loan commitments for the years indicated:


	Year Ended December 31, 2025
	Allowance for		Reserve for		Total
	Loan and		Unfunded Loan		Allowance for
	Lease Losses		Commitments		Credit Losses
	(In thousands)
Balance, beginning of year	$	239,360	$	29,071	$	268,431
Charge-offs	(75,505)		—		(75,505)
Recoveries	16,977		—		16,977
Net charge-offs	(58,528)		—		(58,528)
Provision	64,780		5,850		70,630
Balance, end of year	$	245,612	$	34,921	$	280,533


	Year Ended December 31, 2024
	Allowance for		Reserve for		Total
	Loan and		Unfunded Loan		Allowance for
	Lease Losses		Commitments		Credit Losses
	(In thousands)
Balance, beginning of year	$	281,687	$	29,571	$	311,258

Charge-offs	(94,943)		—		(94,943)
Recoveries	9,116		—		9,116
Net charge-offs	(85,827)		—		(85,827)
Provision	43,500		(500)		43,000
Balance, end of year	$	239,360	$	29,071	$	268,431


	December 31,
	2025				2024
	Real		Business				Real		Business
	Property		Assets		Total		Property		Assets		Total
	(In thousands)
Real estate mortgage	$	155,233	$	—	$	155,233	$	167,060	$	—	$	167,060

Commercial	—		625		625		—		10,870		10,870

Total	$	155,233	$	625	$	155,858	$	167,060	$	10,870	$	177,930

Financing Receivable, Modified Loans, Payment Status

The following tables present the payment status of loans that were modified during the preceding 12-month period with related amortized cost balances as of the dates indicated:


	Payment Status (Amortized Cost Basis) at December 31, 2025
			30-89 Days		90 or More Days
	Current		Past Due		Past Due		Total
	(In thousands)
Real estate mortgage:
Commercial	$	116,929	$	1,997	$	—	$	118,926
Multi-family	48,641		—		—		48,641
Other residential	1,455		—		2,197		3,652
Real estate construction and land:

Residential	2,982		—		—		2,982
Commercial:
Asset-based	30,974		—		—		30,974
Venture capital	70,773		—		—		70,773
Other commercial	1,418		69		—		1,487
Consumer	252		—		—		252
Total	$	273,424	$	2,066	$	2,197	$	277,687


	Payment Status (Amortized Cost Basis) at December 31, 2024
			30-89 Days		90 or More Days
	Current		Past Due		Past Due		Total
	(In thousands)
Real estate mortgage:
Commercial	$	188,799	$	9,671	$	—	$	198,470

Other residential	679		—		3,539		4,218



Commercial:
Asset-based	1,940		—		—		1,940
Venture capital	18,544		—		—		18,544
Other commercial	3,464		—		—		3,464
Consumer	9		—		—		9
Total	$	213,435	$	9,671	$	3,539	$	226,645

Finance Receivable, Loans By Origination Year


															Revolving
															Converted
Amortized Cost Basis	Term Loans by Origination Year												Revolving		to Term
December 31, 2025	2025		2024		2023		2022		2021		Prior		Loans		Loans		Total
	(In thousands)
Real Estate Mortgage:
Commercial
Internal risk rating:
1-2 High pass	$	14,708	$	3,470	$	2,787	$	23,377	$	33,027	$	77,427	$	—	$	—	$	154,796
3-4.5 Pass	430,807		181,597		121,685		781,194		608,067		1,544,708		61,764		5,415		3,735,237
5 Special mention	—		—		—		23,072		43,724		37,155		—		23,047		126,998
6-8 Classified	—		23,880		27,514		57,759		53,699		134,754		—		—		297,606
Total	$	445,515	$	208,947	$	151,986	$	885,402	$	738,517	$	1,794,044	$	61,764	$	28,462	$	4,314,637
Current YTD period:
Gross charge-offs	$	—	$	—	$	51	$	2,416	$	613	$	16,650	$	—	$	—	$	19,730

Real Estate Mortgage:
Multi-Family
Internal risk rating:
1-2 High pass	$	—	$	—	$	—	$	53,190	$	175,257	$	155,222	$	—	$	—	$	383,669
3-4.5 Pass	429,017		131,377		54,475		2,126,937		1,120,759		1,459,061		1,451		—		5,323,077
5 Special mention	10,472		28,948		5,412		97,980		28,727		44,747		—		—		216,286
6-8 Classified	—		19,989		—		64,972		28,372		53,052		—		—		166,385
Total	$	439,489	$	180,314	$	59,887	$	2,343,079	$	1,353,115	$	1,712,082	$	1,451	$	—	$	6,089,417
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	3,275	$	—	$	—	$	3,275

Real Estate Mortgage:
Other Residential
Internal risk rating:
1-2 High pass	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
3-4.5 Pass	752,817		40,271		22,332		263,745		2,015,936		91,935		101,495		—		3,288,531
5 Special mention	—		—		—		—		—		—		—		—		—
6-8 Classified	1,122		—		543		28,599		26,712		228		998		—		58,202
Total	$	753,939	$	40,271	$	22,875	$	292,344	$	2,042,648	$	92,163	$	102,493	$	—	$	3,346,733
Current YTD period:
Gross charge-offs	$	—	$	—	$	145	$	2,624	$	733	$	—	$	—	$	—	$	3,502


															Revolving
															Converted
Amortized Cost Basis	Term Loans by Origination Year												Revolving		to Term
December 31, 2025	2025		2024		2023		2022		2021		Prior		Loans		Loans		Total
	(In thousands)
Real Estate Construction
and Land: Commercial
Internal risk rating:
1-2 High pass	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
3-4.5 Pass	123,586		51,969		64,663		44,365		40,315		1,661		—		—		326,559
5 Special mention	—		—		—		—		—		—		—		—		—
6-8 Classified	—		—		—		52,828		—		—		—		—		52,828
Total	$	123,586	$	51,969	$	64,663	$	97,193	$	40,315	$	1,661	$	—	$	—	$	379,387
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	20,196	$	1,340	$	—	$	—	$	—	$	21,536
Real Estate Construction
and Land: Residential
Internal risk rating:
1-2 High pass	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
3-4.5 Pass	100,284		189,207		196,046		705,647		188,284		80,625		94,451		—		1,554,544
5 Special mention	—		—		—		4,308		6,406		—		—		—		10,714
6-8 Classified	—		—		—		—		2,982		—		—		—		2,982
Total	$	100,284	$	189,207	$	196,046	$	709,955	$	197,672	$	80,625	$	94,451	$	—	$	1,568,240
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial: Asset-Based
Internal risk rating:
1-2 High pass	$	41,364	$	29,359	$	23,020	$	122,112	$	185,978	$	197,800	$	204,041	$	—	$	803,674
3-4.5 Pass	355,855		40,478		77,608		144,338		72,205		8,625		1,404,315		—		2,103,424
5 Special mention	—		—		—		—		—		—		7,180		—		7,180
6-8 Classified	5,650		—		194		5,564		—		—		25,324		—		36,732
Total	$	402,869	$	69,837	$	100,822	$	272,014	$	258,183	$	206,425	$	1,640,860	$	—	$	2,951,010
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


															Revolving
															Converted
Amortized Cost Basis (1)	Term Loans by Origination Year												Revolving		to Term
December 31, 2025	2025		2024		2023		2022		2021		Prior		Loans		Loans		Total
	(In thousands)
Commercial: Venture Capital
Internal risk rating:
1-2 High pass	$	(279)	$	(75)	$	(67)	$	—	$	—	$	—	$	138,159	$	22,167	$	159,905
3-4.5 Pass	113,608		93,269		60,589		25,483		47,321		16,979		1,437,845		30,674		1,825,768
5 Special mention	19,964		(4)		21,986		—		—		—		22,044		587		64,577
6-8 Classified	625		33,631		33,431		46,535		12,484		—		45,141		—		171,847
Total	$	133,918	$	126,821	$	115,939	$	72,018	$	59,805	$	16,979	$	1,643,189	$	53,428	$	2,222,097
Current YTD period:
Gross charge-offs	$	993	$	—	$	—	$	—	$	5,257	$	—	$	—	$	—	$	6,250
Commercial: Other Commercial
Internal risk rating:
1-2 High pass	$	2,929	$	903	$	172	$	20,124	$	611	$	(61)	$	53,892	$	(1)	$	78,569
3-4.5 Pass	226,226		51,373		61,827		44,555		167,436		135,630		2,969,078		29,573		3,685,698
5 Special mention	—		—		9,022		5,062		779		85		12,147		594		27,689
6-8 Classified	—		2,447		—		2,918		44		1,271		4,414		1,049		12,143
Total	$	229,155	$	54,723	$	71,021	$	72,659	$	168,870	$	136,925	$	3,039,531	$	31,215	$	3,804,099
Current YTD period:
Gross charge-offs	$	—	$	—	$	1,393	$	727	$	228	$	2,039	$	11,596	$	744	$	16,727

Consumer
Internal risk rating:
1-2 High pass	$	66	$	—	$	—	$	14	$	7	$	—	$	489	$	—	$	576
3-4.5 Pass	28,736		24,251		13,618		51,008		149,047		79,026		3,809		144		349,639
5 Special mention	—		—		—		1,029		2,964		1,246		—		—		5,239
6-8 Classified	—		—		—		151		349		853		—		252		1,605
Total	$	28,802	$	24,251	$	13,618	$	52,202	$	152,367	$	81,125	$	4,298	$	396	$	357,059
Current YTD period:
Gross charge-offs	$	—	$	—	$	92	$	1,104	$	1,892	$	1,395	$	1	$	1	$	4,485

Total Loans and Leases
Internal risk rating:
1-2 High pass	$	58,788	$	33,657	$	25,912	$	218,817	$	394,880	$	430,388	$	396,581	$	22,166	$	1,581,189
3-4.5 Pass	2,560,936		803,792		672,843		4,187,272		4,409,370		3,418,250		6,074,208		65,806		22,192,477
5 Special mention	30,436		28,944		36,420		131,451		82,600		83,233		41,371		24,228		458,683
6-8 Classified	7,397		79,947		61,682		259,326		124,642		190,158		75,877		1,301		800,330
Total	$	2,657,557	$	946,340	$	796,857	$	4,796,866	$	5,011,492	$	4,122,029	$	6,588,037	$	113,501	$	25,032,679
Current YTD period:
Gross charge-offs	$	993	$	—	$	1,681	$	27,067	$	10,063	$	23,359	$	11,597	$	745	$	75,505

____________________

(1) Amounts with negative balances are loans with zero principal balances and deferred loan origination fees.


															Revolving
															Converted
Amortized Cost Basis (1)	Term Loans by Origination Year												Revolving		to Term
December 31, 2024	2024		2023		2022		2021		2020		Prior		Loans		Loans		Total
	(In thousands)
Real Estate Mortgage:
Commercial
Internal risk rating:
1-3 High pass	$	1,694	$	—	$	26,166	$	22,821	$	8,089	$	78,588	$	1	$	—	$	137,359
4-6 Pass	232,808		132,389		800,877		682,806		450,822		1,407,314		56,481		28,624		3,792,121
7 Special mention	—		23,844		123,589		24,364		—		176,217		—		—		348,014
8-9 Classified	13,587		1,765		27,579		68,488		20,853		169,006		—		—		301,278
Total	$	248,089	$	157,998	$	978,211	$	798,479	$	479,764	$	1,831,125	$	56,482	$	28,624	$	4,578,772
Current YTD period:
Gross charge-offs	$	—	$	—	$	175	$	12,217	$	9,714	$	1,481	$	—	$	—	$	23,587

Real Estate Mortgage:
Multi-Family
Internal risk rating:
1-3 High pass	$	—	$	—	$	55,847	$	214,583	$	62,942	$	129,163	$	—	$	—	$	462,535
4-6 Pass	223,333		60,137		2,037,864		1,154,452		451,602		1,324,816		11,120		—		5,263,324
7 Special mention	—		—		112,963		35,065		—		40,262		—		14,400		202,690
8-9 Classified	—		—		40,018		33,877		4,751		34,518		—		—		113,164
Total	$	223,333	$	60,137	$	2,246,692	$	1,437,977	$	519,295	$	1,528,759	$	11,120	$	14,400	$	6,041,713
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Real Estate Mortgage:
Other Residential
Internal risk rating:
1-3 High pass	$	—	$	—	$	—	$	—	$	—	$	—	$	3,510	$	—	$	3,510
4-6 Pass	(562)		31,318		336,719		2,235,006		53,094		43,510		42,158		77		2,741,320
7 Special mention	—		310		8,121		5,644		—		276		—		—		14,351
8-9 Classified	—		3,571		25,616		17,189		—		1,448		169		—		47,993
Total	$	(562)	$	35,199	$	370,456	$	2,257,839	$	53,094	$	45,234	$	45,837	$	77	$	2,807,174
Current YTD period:
Gross charge-offs	$	—	$	3,445	$	29,099	$	6,394	$	350	$	67	$	175	$	—	$	39,530

____________________

(1) Amounts with negative balances are loans with zero principal balances and deferred loan origination fees.


															Revolving
															Converted
Amortized Cost Basis	Term Loans by Origination Year												Revolving		to Term
December 31, 2024	2024		2023		2022		2021		2020		Prior		Loans		Loans		Total
	(In thousands)
Real Estate Construction
and Land: Commercial
Internal risk rating:
1-3 High pass	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
4-6 Pass	29,674		47,183		404,732		115,729		45,576		8,213		—		—		651,107
7 Special mention	10,501		—		—		111,933		—		—		25,590		—		148,024
8-9 Classified	—		—		—		—		—		—		—		—		—
Total	$	40,175	$	47,183	$	404,732	$	227,662	$	45,576	$	8,213	$	25,590	$	—	$	799,131
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Real Estate Construction
and Land: Residential
Internal risk rating:
1-3 High pass	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
4-6 Pass	97,488		194,405		1,113,955		436,335		224,511		—		103,248		—		2,169,942
7 Special mention	—		—		143,136		60,084		—		—		—		—		203,220
8-9 Classified	—		—		—		—		—		—		—		—		—
Total	$	97,488	$	194,405	$	1,257,091	$	496,419	$	224,511	$	—	$	103,248	$	—	$	2,373,162
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial: Asset-Based
Internal risk rating:
1-3 High pass	$	39,542	$	37,081	$	163,918	$	222,942	$	15,730	$	251,167	$	195,994	$	—	$	926,374
4-6 Pass	100,098		88,514		180,433		68,372		9,653		34,331		618,036		47,608		1,147,045
7 Special mention	—		194		5,569		—		—		—		3,784		—		9,547
8-9 Classified	—		—		—		—		—		—		5,003		—		5,003
Total	$	139,640	$	125,789	$	349,920	$	291,314	$	25,383	$	285,498	$	822,817	$	47,608	$	2,087,969
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	92	$	—	$	—	$	—	$	92


															Revolving
															Converted
Amortized Cost Basis (1)	Term Loans by Origination Year												Revolving		to Term
December 31, 2024	2024		2023		2022		2021		2020		Prior		Loans		Loans		Total
	(In thousands)
Commercial: Venture Capital
Internal risk rating:
1-3 High pass	$	(92)	$	(100)	$	—	$	414	$	2,101	$	—	$	72,745	$	23,426	$	98,494
4-6 Pass	100,854		104,022		79,659		76,224		3,784		17,749		777,199		79,065		1,238,556
7 Special mention	1,396		56,973		(1)		29,973		—		—		36,979		—		125,320
8-9 Classified	14,895		—		12,821		20,182		—		—		27,508		—		75,406
Total	$	117,053	$	160,895	$	92,479	$	126,793	$	5,885	$	17,749	$	914,431	$	102,491	$	1,537,776
Current YTD period:
Gross charge-offs	$	—	$	2,272	$	—	$	14,000	$	—	$	2	$	140	$	—	$	16,414
Commercial: Other Commercial
Internal risk rating:
1-3 High pass	$	685	$	241	$	20,873	$	3,360	$	10	$	(83)	$	73,596	$	—	$	98,682
4-6 Pass	66,097		98,878		117,846		199,252		39,244		160,030		2,252,507		61,858		2,995,712
7 Special mention	6,462		8,912		2,880		144		—		127		20,073		143		38,741
8-9 Classified	—		1,397		1,243		2,365		—		5,836		8,234		874		19,949
Total	$	73,244	$	109,428	$	142,842	$	205,121	$	39,254	$	165,910	$	2,354,410	$	62,875	$	3,153,084
Current YTD period:
Gross charge-offs	$	—	$	—	$	1,144	$	500	$	1,696	$	3,159	$	2,712	$	605	$	9,816

Consumer
Internal risk rating:
1-3 High pass	$	—	$	—	$	20	$	15	$	1	$	—	$	932	$	—	$	968
4-6 Pass	31,034		19,181		59,594		176,189		18,658		82,678		6,231		232		393,797
7 Special mention	—		—		1,327		4,179		142		1,760		—		—		7,408
8-9 Classified	—		—		32		283		34		350		—		10		709
Total	$	31,034	$	19,181	$	60,973	$	180,666	$	18,835	$	84,788	$	7,163	$	242	$	402,882
Current YTD period:
Gross charge-offs	$	—	$	198	$	790	$	2,733	$	352	$	1,427	$	4	$	—	$	5,504

Total Loans and Leases
Internal risk rating:
1-3 High pass	$	41,829	$	37,222	$	266,824	$	464,135	$	88,873	$	458,835	$	346,778	$	23,426	$	1,727,922
4-6 Pass	880,824		776,027		5,131,679		5,144,365		1,296,944		3,078,641		3,866,980		217,464		20,392,924
7 Special mention	18,359		90,233		397,584		271,386		142		218,642		86,426		14,543		1,097,315
8-9 Classified	28,482		6,733		107,309		142,384		25,638		211,158		40,914		884		563,502
Total	$	969,494	$	910,215	$	5,903,396	$	6,022,270	$	1,411,597	$	3,967,276	$	4,341,098	$	256,317	$	23,781,663
Current YTD period:
Gross charge-offs	$	—	$	5,915	$	31,208	$	35,844	$	12,204	$	6,136	$	3,031	$	605	$	94,943

______________________

(1) Amounts with negative balances are loans with zero principal balances and deferred loan origination fees.

Borrowings and Subordinated Debentures (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Other Borrowings, Fair Value Disclosure	$ 113,634,000	$ 118,838,000
Subordinated debt	952,740,000	941,923,000
Federal Reserve Bank Advances [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Amount Outstanding	0	0
Federal Home Loan Bank of San Francisco
Debt Instrument [Line Items]
Collateralized Financings	10,300,000,000
Securities Loaned, Fair Value of Collateral	20,500,000
Letters of Credit Outstanding, Amount	(514,100,000)	(527,900,000)
Secured Debt \| Federal Reserve Bank Advances [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Borrowing Capacity, Description	5,000,000,000.0
Collateralized Financings	4,600,000,000
Securities Loaned, Fair Value of Collateral	1,500,000,000
Secured Debt \| Federal Home Loan Bank of San Francisco
Debt Instrument [Line Items]
Line of Credit Facility, Borrowing Capacity, Description	6,900,000,000
Line of Credit, Current	1,710,185,000	1,100,000,000
Unsecured Debt \| 522110 Commercial Banking
Debt Instrument [Line Items]
Line of Credit Facility, Amount Outstanding	0
Line of Credit Facility, Current Borrowing Capacity	$ 100,000,000.0
Debt Instrument, Basis Spread on Variable Rate	2.25%
Unused lines of Credit
Debt Instrument [Line Items]
Line of Credit Facility, Current Borrowing Capacity	$ 215,000,000.0
Debt Instrument, Unused Borrowing Capacity, Fee	0
American Financial Exchange
Debt Instrument [Line Items]
Line of Credit Facility, Amount Outstanding	240,000,000	0
Credit-Link Notes
Debt Instrument [Line Items]
Secured Debt	2,200,000,000
Other Borrowings, Fair Value Disclosure	$ 113,634,000	$ 118,838,000	$ 123,116,000	$ 132,030,000
Long-term Debt, Percentage Bearing Variable Interest, Percentage Rate	14.63%	15.29%
Long-Term Debt, Weighted Average Interest Rate, at Point in Time	10.76%
Credit-Link Notes \| Highest Rate of Spread
Debt Instrument [Line Items]
Long-term Debt, Percentage Bearing Variable Interest, Percentage Rate	13.25%
Credit-Link Notes \| Lowest Rate of Spread
Debt Instrument [Line Items]
Long-term Debt, Percentage Bearing Variable Interest, Percentage Rate	8.00%

Borrowings and Subordinated Debentures - FHLB Secured Advances (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Debt Instrument [Line Items]
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	4.47%	5.06%
Federal Home Loan Bank of San Francisco \| Secured Debt
Debt Instrument [Line Items]
Line of Credit, Current	$ 1,710,185	$ 1,100,000
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	3.90%	3.93%
Federal Home Loan Bank of San Francisco \| Secured Debt \| More Than Eighteen (18) Months but Less Than Twenty-Four Months (24) \| Advance No. 1
Debt Instrument [Line Items]
Line of Credit, Current	$ 150,000
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	4.59%
Federal Home Loan Bank of San Francisco \| Secured Debt \| More Than Eighteen (18) Months but Less Than Twenty-Four Months (24) \| Advance No. 2
Debt Instrument [Line Items]
Line of Credit, Current	$ 100,000
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	3.79%
Federal Home Loan Bank of San Francisco \| Secured Debt \| More Than Eighteen (18) Months but Less Than Twenty-Four Months (24) \| Advance No. 3
Debt Instrument [Line Items]
Line of Credit, Current	$ 100,000
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	3.79%
Federal Home Loan Bank of San Francisco \| Secured Debt \| More Than Eighteen (18) Months but Less Than Twenty-Four Months (24) \| Advance No. 4
Debt Instrument [Line Items]
Line of Credit, Current	$ 100,000
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	3.78%
Federal Home Loan Bank of San Francisco \| Secured Debt \| More Than Eighteen (18) Months but Less Than Twenty-Four Months (24) \| Advance No. 8
Debt Instrument [Line Items]
Line of Credit, Current	$ 100,000
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	3.88%
Federal Home Loan Bank of San Francisco \| Secured Debt \| More Than Twenty-Four (24) Months but Less Than Thirty-Six Months (36) \| Advance No. 5
Debt Instrument [Line Items]
Line of Credit, Current	$ 150,000
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	4.63%
Federal Home Loan Bank of San Francisco \| Secured Debt \| More Than Twenty-Four (24) Months but Less Than Thirty-Six Months (36) \| Advance No. 6
Debt Instrument [Line Items]
Line of Credit, Current	$ 150,000
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	4.63%
Federal Home Loan Bank of San Francisco \| Secured Debt \| More Than Twenty-Four (24) Months but Less Than Thirty-Six Months (36) \| Advance No. 7
Debt Instrument [Line Items]
Line of Credit, Current	$ 150,000
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	4.39%
Federal Home Loan Bank of San Francisco \| Secured Debt \| More Than Nine Years but Less Than Ten Years
Debt Instrument [Line Items]
Line of Credit, Current	$ 500,000
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	3.18%
Federal Home Loan Bank of San Francisco \| Secured Debt \| More Than One Day but Less Than Three Months (3)
Debt Instrument [Line Items]
Line of Credit, Current	$ 175,000
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	3.89%

Other Assets (Tables)

12 Months Ended

Dec. 31, 2025

Other Assets [Abstract]

Other Assets

The following table presents the detail of our other assets as of the dates indicated:


	December 31,
Other Assets	2025		2024
	(In thousands)
Investments:
LIHTC investments	$	259,780	$	295,964
SBIC investments	121,072		109,636
Alternative energy partnerships (HLBV investments)	16,354		17,472
Other equity and CRA investments	150,048		143,152
Total investments	547,254		566,224
Interest receivable	131,429		125,469
Operating lease ROU assets, net (1)	99,205		100,092
Prepaid expenses	33,829		39,432
Taxes receivable	8,385		18,009
Foreclosed assets, net	17,115		9,734
Equity warrants (2)	3,437		3,763
Other receivables/assets	44,108		51,231
Total other assets	$	884,762	$	913,954

____________________

(1) See "Note 9. Leases" for further details regarding the operating lease ROU assets.

(2) See "Note 15. Fair Value Measurements" for information regarding equity warrants.

Changes in Fair Value Credit-linked Notes (Details) - Credit-Link Notes - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value, Option, Changes in Fair Value, Gain (Loss)	$ 51	$ 1,411	$ (5,404)
Fair Value, Option, Changes in Comprehensive Income (Loss)	$ 868	$ (2,589)	$ 7,794

Loans and Leases Textual (Details) - USD ($) $ in Thousands	12 Months Ended
Loans and Leases Textual (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing Receivable, Nonaccrual	$ 159,168	$ 189,605
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease)	6,300
Financing Receivable Recorded Investment Thirty to Eighty Nine Days Past Due		91,347
Net charge-offs	58,528	85,827
Provision for credit losses	64,780	43,500
Commercial Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing Receivable, Nonaccrual	3,135	21,775
Financing Receivable Recorded Investment Thirty to Eighty Nine Days Past Due		10,624
Net charge-offs	10,713	20,611
Provision for credit losses	28,967	43,288
Commercial Portfolio Segment [Member] \| Venture capital
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing Receivable, Nonaccrual	625	6,291
Financing Receivable Recorded Investment Thirty to Eighty Nine Days Past Due		5,534
Commercial Portfolio Segment [Member] \| Other commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing Receivable, Nonaccrual	$ 2,510	13,544
Financing Receivable Recorded Investment Thirty to Eighty Nine Days Past Due		$ 3,295
Commercial Portfolio Segment [Member] \| Combination Term Extension and Payment Delay
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing Receivable, Modified, Payment Delay	6 months
Commercial Portfolio Segment [Member] \| Combination Term Extension and Payment Delay \| Venture capital
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing Receivable, Modified, Weighted Average Term Increase from Modification	13 months		18 months
Commercial Portfolio Segment [Member] \| Combination Term Extension and Payment Delay \| Other commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing Receivable, Modified, Payment Delay		4 months
Financing Receivable, Modified, Weighted Average Term Increase from Modification	60 months	120 months
Commercial Portfolio Segment [Member] \| Extended Maturity and Interest Rate Reduction \| Venture capital
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing Receivable, Modified, Weighted Average Term Increase from Modification		3 months
Commercial Portfolio Segment [Member] \| Extended Maturity and Interest Rate Reduction \| Other commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing Receivable, Modified, Weighted Average Term Increase from Modification	60 months		36 months
Financing Receivable, Modified, Weighted Average Interest Rate Decrease from Modification	(1.90%)		4.30%
Commercial Portfolio Segment [Member] \| Combination Term Extension, Rate Reduction and Payment Delay \| Other commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing Receivable, Modified, Weighted Average Term Increase from Modification	60 months
Financing Receivable, Modified, Weighted Average Interest Rate Decrease from Modification	(5.75%)
Commercial Portfolio Segment [Member] \| Combination Term Extension, Rate Reduction and Payment Delay \| Other commercial \| Payment Deferral
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing Receivable, Modified, Weighted Average Term Increase from Modification	3 months
522291 Consumer Lending \| Extended Maturity and Interest Rate Reduction \| Other commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing Receivable, Modified, Weighted Average Term Increase from Modification			24 months
Financing Receivable, Modified, Weighted Average Interest Rate Decrease from Modification			7.50%
Mortgages [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing Receivable, Nonaccrual	$ 154,676	$ 167,206
Net charge-offs	23,721	60,351
Provision for credit losses	15,368	19,278
Mortgages [Member] \| Commercial Real Estate [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing Receivable, Nonaccrual	$ 93,334	$ 97,655
Mortgages [Member] \| Extended Maturity And Payment Delay \| Commercial Real Estate [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing Receivable, Modified, Weighted Average Term Increase Modification	3 months
Mortgages [Member] \| Combination - Term Extension and Principal Forgiveness \| Commercial Real Estate [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing Receivable, Modified, Weighted Average Term Increase Modification		36 months
Financing Receivable, Modified, Increase (Decrease) from Modification		$ 4,000
Credit Concentration Risk [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing Receivable, Nonaccrual	$ 43,500
Nonaccrual [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing Receivable Recorded Investment 90 Days Past Due, Nonaccrual	92,700	88,800
Financing Receivable Recorded Investment Thirty to Eighty Nine Days Past Due	15,300	40,600
Financing Receivable Recorded Investment Nonaccrual Status Current	$ 51,200	$ 60,200
Nonaccrual [Member] \| Credit Concentration Risk [Member] \| Financing Receivable
Financing Receivable, Allowance for Credit Loss [Line Items]
Concentration Risk, Percentage	27.00%

Earnings (Loss) Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands		12 Months Ended
	Nov. 30, 2023	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Earnings Per Share [Abstract]
Net Income (Loss) Available to Common Stockholders, Basic		$ 189,185	$ 87,100	$ (1,938,925)
Weighted Average Number of Shares Issued, Basic		159,934,000	168,921,000	86,563,000
Weighted Average Number of Shares, Restricted Stock		(127,000)	(480)	(1,169)
Weighted Average Number of Shares Outstanding, Basic, Total		159,807,000	168,441,000	85,394,000
Basic income per share (usd per share)		$ 1.18	$ 0.52	$ (22.71)
Net Income Loss From Continuing Operation Available To Common Stockholders Basic		$ 189,185	$ 87,100	$ (1,938,925)
Diluted income per share (usd per share)		$ 1.17	$ 0.52	$ (22.71)
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net Income (Loss) Available to Common Stockholders, Basic		$ 189,185	$ 87,100	$ (1,938,925)
Undistributed Earnings, Basic		$ 189,055	$ 87,158	$ (1,938,925)
Weighted Average Number of Shares Issued, Basic		159,934,000	168,921,000	86,563,000
Weighted Average Unvested Restricted Stock Outstanding		$ (127)	$ (480)	$ (1,169)
Weighted Average Number of Shares, Restricted Stock		127,000	480	1,169
Weighted Average Number of Shares Outstanding, Basic		159,807,000	168,441,000	85,394,000
Basic income per share (usd per share)		$ 1.18	$ 0.52	$ (22.71)
Net Income Loss From Continuing Operation Available To Common Stockholders Basic		$ 189,185	$ 87,100	$ (1,938,925)
Weighted Average Number of Shares Outstanding, Diluted		161,724,000	168,684,000	85,394,000
Earnings Per Share, Diluted		$ 1.17	$ 0.52	$ (22.71)
Net Income (Loss) Available to Common Stockholders, Diluted		$ 189,185	$ 87,100	$ (1,938,925)
Net Earnings Reallocation for Voting Common Stock		$ 0
Conversion to Voting Common Shares		0
Common Shares, After Conversion, Earnings per Share, Diluted		161,724,000
NVCE Non-voting Share Class
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net Earnings Reallocation for Voting Common Stock		$ 0
Common Stock
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Allocated to Common and Equivalent Shares		130
Pacific Western Bank
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Stock Issued During Period, Shares, Acquisitions	0.6569
Common Stock
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Allocated to Common and Equivalent Shares			58	0
Voting Common Stock
Earnings Per Share [Abstract]
Net Income (Loss) Available to Common Stockholders, Basic		179,149	81,619	(1,917,121)
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net Income (Loss) Available to Common Stockholders, Basic		179,149	$ 81,619	$ (1,917,121)
Voting Common Stock \| Common Stock
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Allocated to Common and Equivalent Shares		130
Net Income (Loss) Available to Common Stockholders, Diluted		179,149
Net Earnings Reallocation for Voting Common Stock		$ 7
Conversion to Voting Common Shares		9,151,000
Common Shares, After Conversion, Earnings per Share, Diluted		161,247,000
Voting Common Stock \| Common Stock \| NVCE Non-voting Share Class
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net Earnings Reallocation for Voting Common Stock		$ 9,471
Voting Common Stock \| Common Stock
Earnings Per Share [Abstract]
Weighted Average Number of Shares Issued, Basic		151,456,000	158,321,000	85,603,000
Weighted Average Number of Shares Outstanding, Basic, Total		151,329,000	157,841,000	84,434,000
Basic income per share (usd per share)		$ 1.18	$ 0.52	$ (22.71)
Net Income Loss From Continuing Operation Available To Common Stockholders Basic		$ 188,627	$ 81,619	$ (1,917,121)
Diluted income per share (usd per share)		$ 1.17	$ 0.52	$ (22.71)
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Allocated to Common and Equivalent Shares			$ 58	$ 0
Undistributed Earnings, Basic		$ 179,019	$ 81,677	$ (1,917,121)
Weighted Average Number of Shares Issued, Basic		151,456,000	158,321,000	85,603,000
Weighted Average Unvested Restricted Stock Outstanding		$ (127)	$ (480)	$ (1,169)
Weighted Average Number of Shares Outstanding, Basic		151,329,000	157,841,000	84,434,000
Basic income per share (usd per share)		$ 1.18	$ 0.52	$ (22.71)
Net Income Loss From Continuing Operation Available To Common Stockholders Basic		$ 188,627	$ 81,619	$ (1,917,121)
Weighted Average Number of Shares Outstanding, Diluted		152,096,000	158,084,000	84,434,000
Earnings Per Share, Diluted		$ 1.17	$ 0.52	$ (22.71)
Nonvoting Common Stock
Earnings Per Share [Abstract]
Net Income (Loss) Available to Common Stockholders, Basic		$ 9,471	$ 5,235	$ (20,884)
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net Income (Loss) Available to Common Stockholders, Basic		9,471	5,235	(20,884)
Nonvoting Common Stock \| Common Stock
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Allocated to Common and Equivalent Shares		0
Nonvoting Common Stock \| Common Stock
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Allocated to Common and Equivalent Shares			0	0
Undistributed Earnings, Basic		9,471	5,235	(20,884)
Class B Non-Voting
Earnings Per Share [Abstract]
Net Income (Loss) Available to Common Stockholders, Basic		565	246	(920)
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net Income (Loss) Available to Common Stockholders, Basic		565	$ 246	$ (920)
Class B Non-Voting \| Common Stock
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Allocated to Common and Equivalent Shares		0
Net Income (Loss) Available to Common Stockholders, Diluted		565
Net Earnings Reallocation for Voting Common Stock		$ (7)
Conversion to Voting Common Shares		0
Common Shares, After Conversion, Earnings per Share, Diluted		477,000
Class B Non-Voting \| Common Stock \| NVCE Non-voting Share Class
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net Earnings Reallocation for Voting Common Stock		$ 0
Class B Non-Voting \| Common Stock
Earnings Per Share [Abstract]
Weighted Average Number of Shares Issued, Basic		477,000	477,000	40,000
Weighted Average Number of Shares Outstanding, Basic, Total		477,000	477,000	40,000
Basic income per share (usd per share)		$ 1.18	$ 0.52	$ (22.71)
Net Income Loss From Continuing Operation Available To Common Stockholders Basic		$ 558	$ 246	$ (920)
Diluted income per share (usd per share)		$ 1.17	$ 0.52	$ (22.71)
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Allocated to Common and Equivalent Shares			$ 0	$ 0
Undistributed Earnings, Basic		$ 565	$ 246	$ (920)
Weighted Average Number of Shares Issued, Basic		477,000	477,000	40,000
Weighted Average Unvested Restricted Stock Outstanding		$ 0	$ 0	$ 0
Weighted Average Number of Shares Outstanding, Basic		477,000	477,000	40,000
Basic income per share (usd per share)		$ 1.18	$ 0.52	$ (22.71)
Net Income Loss From Continuing Operation Available To Common Stockholders Basic		$ 558	$ 246	$ (920)
Weighted Average Number of Shares Outstanding, Diluted		477,000	477,000	40,000
Earnings Per Share, Diluted		$ 1.17	$ 0.52	$ (22.71)
Non-Voting Common Stock Equivalents \| Common Stock
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net Income (Loss) Available to Common Stockholders, Diluted		$ 9,471
Net Earnings Reallocation for Voting Common Stock		$ 1,234
Conversion to Voting Common Shares		0
Common Shares, After Conversion, Earnings per Share, Diluted		9,151,000
Non-Voting Common Stock Equivalents \| Common Stock \| NVCE Non-voting Share Class
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net Earnings Reallocation for Voting Common Stock		$ 0
Non-Voting Common Stock Equivalents \| Common Stock
Earnings Per Share [Abstract]
Weighted Average Number of Shares Issued, Basic		8,001,000	10,123,000	920,000
Weighted Average Number of Shares Outstanding, Basic, Total		8,001,000	10,123,000	920,000
Basic income per share (usd per share)		$ 1.18	$ 0.52	$ (22.71)
Net Income Loss From Continuing Operation Available To Common Stockholders Basic		$ 10,705	$ 5,235	$ (20,884)
Diluted income per share (usd per share)		$ 1.17	$ 0.52	$ (22.71)
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Weighted Average Number of Shares Issued, Basic		8,001,000	10,123,000	920,000
Weighted Average Unvested Restricted Stock Outstanding		$ 0	$ 0	$ 0
Weighted Average Number of Shares Outstanding, Basic		8,001,000	10,123,000	920,000
Basic income per share (usd per share)		$ 1.18	$ 0.52	$ (22.71)
Net Income Loss From Continuing Operation Available To Common Stockholders Basic		$ 10,705	$ 5,235	$ (20,884)
Weighted Average Number of Shares Outstanding, Diluted		9,151,000	10,123,000	920,000
Earnings Per Share, Diluted		$ 1.17	$ 0.52	$ (22.71)

Borrowings and Subordinated Debentures

12 Months Ended

Dec. 31, 2025

Debt Disclosure [Abstract]

Borrowings and Subordinated Debentures

NOTE 11. BORROWINGS AND SUBORDINATED DEBT

Borrowings

The following table summarizes our borrowings as of the dates indicated:


	December 31,
	2025				2024
			Weighted				Weighted
Borrowing Type	Balance		Average Rate		Balance		Average Rate
	(Dollars in thousands)
FHLB secured advances	$	1,710,185	3.90	%	$	1,100,000	3.93	%
Credit-linked notes	113,634		14.63	%	118,838		15.29	%
Other short-term borrowings	240,000		3.69	%	—		—	%
Senior notes	—		—	%	174,000		5.25	%



Total borrowings	2,063,819		4.47	%	1,392,838		5.06	%
Acquisition discount on Senior Notes	—				(1,024)
Total borrowings, net (1)	$	2,063,819			$	1,391,814

___________________

(1) All borrowings were held at the Bank level with the exception of the 5.25% Senior Notes due April 2025 ("Senior Notes"), which were issued at the holding company level.

The Bank has established secured and unsecured lines of credit under which it may borrow funds from time to time on a term or overnight basis from the FHLB, the FRBSF, and other financial institutions.

FHLB Secured Line of Credit. The Bank had secured financing capacity with the FHLB of $6.9 billion as of December 31, 2025, collateralized by a blanket lien on $10.3 billion of qualifying loans and $20.5 million of securities. As of December 31, 2025, there were $514.1 million in letters of credit pledged and $1.7 billion balances outstanding. As of December 31, 2024, there were $527.9 million in letters of credit pledged and a $1.1 billion balance outstanding.

The following table presents the interest rates and maturity dates of FHLB secured advances as of the dates indicated:


	December 31, 2025
	Balance		Rate		Maturity Date
	(Dollars in thousands)
Overnight advance	$	35,185	4.02	%	01/02/2026
Term advance	175,000		3.89	%	02/11/2026
Term advance	150,000		4.59	%	06/26/2026
Term advance	100,000		3.79	%	02/01/2027
Term advance	100,000		3.79	%	03/01/2027
Term advance	100,000		3.78	%	04/01/2027
Term advance	150,000		4.63	%	05/28/2027
Term advance	150,000		4.63	%	06/03/2027
Term advance	150,000		4.39	%	06/03/2027
Term advance	100,000		3.88	%	06/24/2027
Callable term advance	500,000		3.18	%	09/18/2034
Total FHLB secured advances	$	1,710,185	3.90	%

FRBSF Secured Line of Credit. The Bank has a secured line of credit with the FRBSF. As of December 31, 2025, the Bank had secured borrowing capacity of $5.0 billion collateralized by liens covering $4.6 billion of qualifying loans and $1.5 billion of securities. As of December 31, 2025 and December 31, 2024, there was no balances outstanding.

Senior Notes. The Senior Notes were unsecured debt obligations and ranked equally with our other unsecured unsubordinated obligations. We made interest payments on the Senior Notes semi-annually in arrears. On April 4, 2025, the Company repaid the Senior Notes in full that were scheduled to mature on April 15, 2025.

Holding Company Line of Credit Arrangement. On December 23, 2024, Banc of California, Inc. entered into an unsecured revolving line of credit agreement as a borrower for $50.0 million. On March 17, 2025, the Company executed an amendment to the credit agreement which increased the Company's unsecured revolving line of credit to $100.0 million. The rate is based on 1-month SOFR plus a spread of 2.25% basis points. As of December 31, 2025 and December 31, 2024, there was no balance outstanding.

Credit-Linked Notes. On September 29, 2022, legacy Pacific Western Bank completed a credit-linked notes transaction. The notes were issued in five classes, each with an interest rate of SOFR plus a spread that ranges from 8.00% to 13.25%, with a weighted average spread of 10.76% at December 31, 2025. The notes are linked to the credit risk of an approximately $2.2 billion reference pool of previously purchased SFR mortgage loans at December 31, 2025. The notes are due June 27, 2052. Principal payments on the notes are based only on principal that is actually collected on these loans. The notes are reported at fair value of $113.6 million at December 31, 2025. See "Note 3. Restricted Cash" for information regarding the collateral for the notes and "Note 14. Fair Value Option" for additional information.

Other Short-Term Borrowing Arrangements. As of December 31, 2025, the Bank had credit limits of $215.0 million in the aggregate with several commercial banks, as well as borrowing arrangements with unaffiliated financial institutions that provide for the purchase of overnight funds and other short-term borrowings. The availability of these unsecured borrowings fluctuates regularly and is subject to the discretion of the counterparties. These lines are renewable annually and have no unused commitment fees. As of December 31, 2025 $240.0 million was outstanding under these arrangements compared to no borrowings outstanding as of December 31, 2024.

The following table summarizes the terms of each issuance of subordinated debt outstanding as of the dates indicated:


	December 31,
	2025				2024				Issue	Maturity	Rate Index
Series	Balance		Rate (1)		Balance		Rate (1)		Date	Date	(Quarterly Reset)
	(Dollars in thousands)
Subordinated notes, net (2)(3)(4)	$	381,737	3.25	%	$	381,185	3.25	%	4/30/2021	5/1/2031	Fixed rate
Subordinated notes (5)	75,000		8.05	%	75,000		4.375	%	10/30/2020	10/30/2030	3-month Term SOFR + 4.195%
Trust V	10,310		7.07	%	10,310		7.71	%	8/15/2003	9/17/2033	3-month Term SOFR + 3.10
Trust VI	10,310		7.03	%	10,310		7.67	%	9/3/2003	9/15/2033	3-month Term SOFR + 3.05
Trust CII	5,155		6.92	%	5,155		7.56	%	9/17/2003	9/17/2033	3-month Term SOFR + 2.95
Trust VII	61,856		6.85	%	61,856		7.60	%	2/5/2004	4/23/2034	3-month Term SOFR + 2.75
Trust CIII	20,619		5.67	%	20,619		6.31	%	8/15/2005	9/15/2035	3-month Term SOFR + 1.69
Trust FCCI	16,495		5.58	%	16,495		6.22	%	1/25/2007	3/15/2037	3-month Term SOFR + 1.60
Trust FCBI	10,310		5.53	%	10,310		6.17	%	9/30/2005	12/15/2035	3-month Term SOFR + 1.55
Trust CS 2005-1	82,475		5.93	%	82,475		6.57	%	11/21/2005	12/15/2035	3-month Term SOFR + 1.95
Trust CS 2005-2	128,866		6.05	%	128,866		6.80	%	12/14/2005	1/30/2036	3-month Term SOFR + 1.95
Trust CS 2006-1	51,545		9.20	%	51,545		9.95	%	2/22/2006	4/30/2036	Prime + 1.95
Trust CS 2006-2	51,550		6.05	%	51,550		6.80	%	9/27/2006	10/30/2036	3-month Term SOFR + 1.95
Trust CS 2006-3 (6)	30,275		4.12	%	26,687		5.10	%	9/29/2006	10/30/2036	3-month EURIBOR + 2.05
Trust CS 2006-4	16,470		9.20	%	16,470		9.95	%	12/5/2006	1/30/2037	Prime + 1.95
Trust CS 2006-5	6,650		6.05	%	6,650		6.80	%	12/19/2006	1/30/2037	3-month Term SOFR + 1.95
Trust CS 2007-2	39,177		6.05	%	39,177		6.80	%	6/13/2007	7/30/2037	3-month Term SOFR + 1.95
PMB Statutory Trust III	7,217		7.35	%	7,217		7.99	%	9/16/2002	9/26/2032	3-month Term SOFR + 3.40
PMB Capital Trust III	10,310		6.15	%	10,310		6.89	%	10/4/2004	10/8/2034	3-month Term SOFR + 2.00
Total subordinated debt	1,016,327		5.35	%	1,012,187		5.48	%
Acquisition discount (7)	(63,587)				(70,264)
Total subordinated debt, net	$	952,740			$	941,923

___________________

(1) Rates do not include the effects of discounts and issuance costs.

(2) Net of unamortized issuance costs of $3.3 million at December 31, 2025 and $3.8 million at December 31, 2024.

(3) Interest rate is fixed until May 1, 2026, when it changes to a floating rate and resets quarterly equal to 3-month Term SOFR, plus a spread of 252 basis points.

(4) Subordinated notes, net issued at the Bank level rather than the holding company level.

(5) Interest rate was fixed at 4.375% until October 30, 2025, when it changed to a floating rate equal to 3-month Term SOFR, plus a spread of 419.5 basis points.

(6) Denomination is in Euros with a value of €25.8 million.

(7) Amount represents the fair value adjustment on subordinated debt assumed in acquisitions.

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 470
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/470/tableOfContent

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482925/835-30-45-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Dividend Availability and Regulatory Matters [Abstract]

Dividend Availability and Regulatory Matters

12 Months Ended

Dec. 31, 2025

Dividend Availability and Regulatory Matters

NOTE 22. DIVIDEND AVAILABILITY AND REGULATORY MATTERS

Holders of Company common stock may receive dividends if declared by the Board and permitted under Maryland General Corporation Law (“MGCL”), federal regulations, and certain debt covenants. Dividend payments are subject to regulatory restrictions. Both the FRB and DFPI may limit or prohibit dividends if the Bank's financial condition is weak, if proposed dividends exceed earning, or if they negatively impact the capital structure. The Bank had a cumulative net loss of $1.4 billion during the three fiscal years of 2025, 2024, and 2023, compared to dividends of $556.0 million paid by the Bank during that same period. During 2025, Banc of California, Inc. received $430.0 million in dividends from the Bank. Since the Bank had an accumulated deficit of $269.3 million at December 31, 2025, for the foreseeable future, dividends from the Bank to Banc of California, Inc. will require DFPI and FRB approval.

Banc of California, Inc., as a bank holding company, is subject to regulatory capital requirements established by federal regulatory agencies. These rules require the maintenance of minimum capital ratios and establish a framework for prompt corrective action that classified institutions based on their capital positions. Failure to meet these minimum standards can trigger mandatory and discretionary regulatory actions that could materially affect the Company's operations and financial condition. Under applicable capital adequacy guidelines, the Company and the Bank must meet quantitative capital measures that consider assets, liabilities, and certain off-balance sheet exposures, as determined under regulatory accounting practices.

Regulatory capital rules require us to maintain minimum ratios of CET1 capital, Tier 1 capital and total capital, as well as leverage ratio. The banking agencies also publish "well capitalized" thresholds used to assess capital adequacy. As of December 31, 2025 and 2024, the Company and Bank exceeded all regulatory minimums and were classified as "well capitalized."

Under the Basel III regulatory capital framework, banking organizations are also required to maintain a 2.5% capital conservation buffer above the minimum risk based capital ratios to avoid limitation on capital distributions, share repurchases, and certain discretionary compensation. Our CET1, Tier 1, and total capital ratios at December 31, 2025 exceeded the minimum requirements inclusive of the capital conservation buffer.

The Company and Bank elected the CECL five-year regulatory transition guidance for calculating regulatory capital ratios, which phases in the impact over a five year period ending December, 2024. As a result, the 2024 capital rations reflect a 25% capital benefit related to the to the allowance for credit losses increase recognized upon adoption of CECL.

The following tables present actual capital amounts and ratios for the Company and the Bank, along with the minimum levels required to be considered "well capitalized" as of the dates indicated:


				Well Capitalized Minimum
	Actual			Requirement			Capital Conservation
	Balance		Ratio	Balance		Ratio	Buffer Requirement
	(Dollars in thousands)
December 31, 2025
Tier I leverage capital (to average assets):
Banc of California, Inc.	$	3,331,161	9.99%	$	—	N/A	N/A
Banc of California	$	3,543,771	10.65%	$	1,663,677	5.00%	N/A
CET1 capital (to risk-weighted assets):
Banc of California, Inc.	$	2,701,645	10.01%	$	—	N/A	7.00%
Banc of California	$	3,543,771	13.15%	$	1,751,120	6.50%	7.00%
Tier I capital (to risk-weighted assets)
Banc of California, Inc.	$	3,331,161	12.34%	$	1,619,857	6.00%	8.50%
Banc of California	$	3,543,771	13.15%	$	2,155,225	8.00%	8.50%
Total capital (to risk-weighted assets):
Banc of California, Inc.	$	4,403,973	16.31%	$	2,699,762	10.00%	10.50%
Banc of California	$	4,206,727	15.61%	$	2,694,031	10.00%	10.50%


				Well Capitalized Minimum
	Actual			Requirement			Capital Conservation
	Balance		Ratio	Balance		Ratio	Buffer Requirement
	(Dollars in thousands)
December 31, 2024
Tier I leverage capital (to average assets):
Banc of California, Inc.	$	3,369,457	10.15%	$	—	N/A	N/A
Banc of California	$	3,671,545	11.08%	$	1,656,718	5.00%	N/A
CET1 capital (to risk-weighted assets):
Banc of California, Inc.	$	2,739,941	10.55%	$	—	N/A	7.00%
Banc of California	$	3,671,545	14.17%	$	1,684,283	6.50%	7.00%
Tier I capital (to risk-weighted assets)
Banc of California, Inc.	$	3,369,457	12.97%	$	1,558,601	6.00%	8.50%
Banc of California	$	3,671,545	14.17%	$	2,072,963	8.00%	8.50%
Total capital (to risk-weighted assets):
Banc of California, Inc.	$	4,427,860	17.05%	$	2,597,668	10.00%	10.50%
Banc of California	$	4,315,098	16.65%	$	2,591,204	10.00%	10.50%

The entire disclosure for regulatory capital requirement for depository and lending institutions. Institutions include, but not are not limited to, finance company, insured depository institution, bank holding company, savings and loan association holding company, bank and savings institution not federally insured, mortgage company, foreign financial institution and credit union.

Schedule of Components of Income Tax Expense (Benefit)

Goodwill and Other Intangible Assets (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Finite-lived Intangible Assets [Roll Forward]
Balance, beginning of year	$ 178,764	$ 236,264
Balance, beginning of year	(45,820)	(70,787)
Amortization expense	(27,657)	(32,533)
Fully amortized portion	0	(57,500)
Balance, end of year	178,764	178,764
Net CDI and CRI, end of year	(73,477)	(45,820)
Net CDI and CRI, end of year	105,287	132,944
CDI and CRI [Member]
Finite-lived Intangible Assets [Roll Forward]
Fully amortized portion	$ 0	$ (57,500)

Restricted Cash Balances	12 Months Ended
Restricted Cash Balances	Dec. 31, 2025
Restricted Cash Balances [Abstract]
Restricted Cash Balances	NOTE 3. RESTRICTED CASH The Company is required to maintain reserve balances with the FRBSF. Such reserve requirements are based on a percentage of deposit liabilities and may be satisfied by cash on hand. There were no average reserves required to be held at the FRBSF for the years ended December 31, 2025 and 2024. The following restricted cash balances are included in "Interest-earning deposits in financial institutions" on the consolidated balance sheets. As of December 31, 2025 and 2024, we pledged cash collateral for our derivative contracts of $15.1 million and $5.3 million, respectively. In connection with the issuance of the credit-linked notes on September 29, 2022, the Company maintains a correspondent bank account at a third-party financial institution that serves as the collateral account. The repayment of principal on the credit-linked notes is secured by this collateral account, which had a balance of $115.3 million at December 31, 2025 and $119.6 million at December 31, 2024. We pledged cash to secure standby letters of credit that we have issued on behalf of our customers. At December 31, 2025 and 2024, the balances of such restricted cash totaled $39.8 million and $59.3 million, respectively.

Investment Securities - Unrealized Losses on Securities Available-for-Sale (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	$ 94,936	$ 564,892
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(131)	(3,247)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	1,295,898	1,365,958
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(196,759)	(277,257)
Debt Securities, Available-for-sale, Unrealized Loss Position	1,390,834	1,930,850
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	(196,890)	(280,504)
Residential Mortgage Backed Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	0	0
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	0	0
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	834,085	861,840
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(138,076)	(189,761)
Debt Securities, Available-for-sale, Unrealized Loss Position	834,085	861,840
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	(138,076)	(189,761)
Commercial Mortgage Backed Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	4,994	40,291
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(6)	(87)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	32,006	11,273
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(1,094)	(959)
Debt Securities, Available-for-sale, Unrealized Loss Position	37,000	51,564
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	(1,100)	(1,046)
Government agency and government-sponsored enterprise collateralized mortgage obligations [Member]
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	70,270	273,347
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(117)	(1,994)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	101,501	104,757
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(15,183)	(18,917)
Debt Securities, Available-for-sale, Unrealized Loss Position	171,771	378,104
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	(15,300)	(20,911)
US States and Political Subdivisions Debt Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months		0
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss		0
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer		594
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss		(8)
Debt Securities, Available-for-sale, Unrealized Loss Position		594
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss		(8)
Corporate Debt Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	0	15,968
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	0	(32)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	188,545	241,744
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(15,441)	(31,354)
Debt Securities, Available-for-sale, Unrealized Loss Position	188,545	257,712
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	(15,441)	(31,386)
Private Label Collateralized Mortgage Obligations [Member]
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	19,672	180,915
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(8)	(1,031)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	127,020	129,178
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(26,326)	(34,681)
Debt Securities, Available-for-sale, Unrealized Loss Position	146,692	310,093
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	(26,334)	(35,712)
Collateralized Loan Obligations [Member]
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months		38,771
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss		(29)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer		0
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss		0
Debt Securities, Available-for-sale, Unrealized Loss Position		38,771
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss		(29)
Mortgage-backed Securities, Issued by Private Enterprises
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	0	0
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	0	0
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	9,279	12,372
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(467)	(1,213)
Debt Securities, Available-for-sale, Unrealized Loss Position	9,279	12,372
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	(467)	(1,213)
Asset-backed Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months		15,600
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss		(74)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer		0
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss		0
Debt Securities, Available-for-sale, Unrealized Loss Position		15,600
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss		(74)
SBA asset-backed securities [Member]
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	0	0
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	0	0
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	3,462	4,200
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(172)	(364)
Debt Securities, Available-for-sale, Unrealized Loss Position	3,462	4,200
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	$ (172)	$ (364)

Subsequently Defaulted Loans Modified (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Financing Receivable, Impaired [Line Items]
Financing Receivable, Troubled Debt Restructuring, Subsequent Default	$ 11,471	$ 27,109
Extended Maturity
Financing Receivable, Impaired [Line Items]
Financing Receivable, Troubled Debt Restructuring, Subsequent Default	9,206	13,210
Payment Delay
Financing Receivable, Impaired [Line Items]
Financing Receivable, Troubled Debt Restructuring, Subsequent Default	2,197
Combination Term Extension and Interest Rate Reduction
Financing Receivable, Impaired [Line Items]
Financing Receivable, Troubled Debt Restructuring, Subsequent Default	68
Combination Term Extension and Payment Delay
Financing Receivable, Impaired [Line Items]
Financing Receivable, Troubled Debt Restructuring, Subsequent Default		13,899
Commercial Portfolio Segment [Member] \| Other commercial
Financing Receivable, Impaired [Line Items]
Financing Receivable, Troubled Debt Restructuring, Subsequent Default	142
Commercial Portfolio Segment [Member] \| Extended Maturity \| Other commercial
Financing Receivable, Impaired [Line Items]
Financing Receivable, Troubled Debt Restructuring, Subsequent Default	74
Commercial Portfolio Segment [Member] \| Extended Maturity and Interest Rate Reduction \| Other commercial
Financing Receivable, Impaired [Line Items]
Financing Receivable, Troubled Debt Restructuring, Subsequent Default	68
Other Residential Real Estate \| Mortgages [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Troubled Debt Restructuring, Subsequent Default	2,197	3,539
Other Residential Real Estate \| Mortgages [Member] \| Extended Maturity
Financing Receivable, Impaired [Line Items]
Financing Receivable, Troubled Debt Restructuring, Subsequent Default	0	3,539
Other Residential Real Estate \| Mortgages [Member] \| Payment Delay
Financing Receivable, Impaired [Line Items]
Financing Receivable, Troubled Debt Restructuring, Subsequent Default	2,197
Commercial Real Estate Loan Receivable \| Mortgages [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Troubled Debt Restructuring, Subsequent Default		23,570
Commercial Real Estate Loan Receivable \| Mortgages [Member] \| Combination Term Extension and Payment Delay
Financing Receivable, Impaired [Line Items]
Financing Receivable, Troubled Debt Restructuring, Subsequent Default		13,899
Multi-Family Real Estate Loans \| Mortgages [Member] \| Extended Maturity
Financing Receivable, Impaired [Line Items]
Financing Receivable, Troubled Debt Restructuring, Subsequent Default	$ 9,132	$ 9,671

Loans and Leases Receivable - Leases (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Receivables [Abstract]
Direct Financing Lease, Lease Receivable	$ 151,719	$ 202,815
Direct Financing Lease, Unguaranteed Residual Asset	19,921	22,489
Direct Financing Lease, Deferred Selling Profit And Other	1,793	1,955
Direct Financing Lease, Net Investment in Lease	$ 173,433	$ 227,259

Fair Value Option - Changes in Fair Value (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Option, Quantitative Disclosures [Line Items]
Other Borrowings, Fair Value Disclosure	$ 113,634	$ 118,838
Credit-Link Notes
Fair Value, Option, Quantitative Disclosures [Line Items]
Other Borrowings, Fair Value Disclosure	113,634	118,838	$ 123,116	$ 132,030
Fair Value, Option, Aggregate Differences, Loans and Long-Term Receivables	$ (1,220)	$ 301

Income Taxes (Details 1) - USD ($) $ in Thousands	12 Months Ended
Income Taxes (Details 1) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount		$ 35,417	$ (464,381)
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Amount		12,657	(156,669)
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Impairment Losses, Amount		0	286,811
Effective Income Tax Rate Reconciliation, Tax Exempt Income, Amount		(15,572)	(12,518)
Income Tax Reconciliation Change In Cash Surrender Value Of Life Insurance		(1,246)	(1,455)
Income Tax Credits and Adjustments		(12,378)	(8,574)
Nondeductible employee compensation		1,683	3,947
Nondeductible acquisition-related expense		0	5,456
Nondeductible FDIC Insurance Premiums		9,377	18,973
Deferred Tax Assets, Tax Deferred Expense		40	443
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount		(2,115)	(5,948)
Effective Income Tax Rate Reconciliation, Tax Settlement, State and Local, Amount		(4,662)	2,240
Effective Income Tax Rate Reconciliation, Other Reconciling Items, Amount		2,531	2,207
Income Tax Expense (Benefit), Total	$ 84,102	41,766	(312,201)
Income Tax Expense (Benefit), Continuing Operations, Discontinued Operations	$ 84,102	41,766	(312,201)
Effective Income Tax Rate Reconciliation, Disallowed Interest		11,043	12,318
Effective Income Tax Rate Reconciliation, Equity Compensation Shortfall (windfall)		$ 4,991	$ 4,949
Tax Jurisdiction of Domicile [Extensible Enumeration]		UNITED STATES	UNITED STATES

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

The following table presents the components of income tax expense for the years indicated:


	Year Ended December 31,
	2025		2024		2023
	(In thousands)
Current Tax Expense:
Federal	$	46,763	$	45,554	$	34,219
State	1,611		1,156		3,387
Total current tax expense	48,374		46,710		37,606
Deferred Tax (Benefit) Expense:
Federal	5,518		(6,082)		(238,865)
State	30,210		1,138		(110,942)
Total deferred tax (benefit) expense	35,728		(4,944)		(349,807)
Total income tax (benefit) expense	$	84,102	$	41,766	$	(312,201)

Schedule of Effective Income Tax Rate Reconciliation


	Year Ended December 31,
	2024		2023
	(In thousands)
Computed expected income tax (benefit) expense at federal statutory rate	$	35,417	$	(464,381)
State tax (benefit) expense, net of federal tax benefit	12,657		(156,669)
Goodwill impairment	—		286,811
Tax‑exempt interest benefit	(15,572)		(12,518)
Increase in cash surrender value of life insurance	(1,246)		(1,455)
Low income housing tax credits, net of amortization	(12,378)		(8,574)
Nondeductible employee compensation	1,683		3,947
Nondeductible acquisition‑related expense	—		5,456
Nondeductible FDIC premiums	9,377		18,973
Change in unrecognized tax benefits	40		443
Valuation allowance change	(2,115)		(5,948)
Disallowed interest	11,043		12,318
Equity compensation shortfall (windfall)	4,991		4,949




State rate and apportionment changes	(4,662)		2,240
Other, net	2,531		2,207
Recorded income tax (benefit) expense	$	41,766	$	(312,201)

Schedule of Deferred Tax Assets and Liabilities

The following table presents the tax effects of temporary differences that give rise to significant portions of deferred tax assets and deferred tax liabilities as of the dates indicated:


	December 31,
	2025		2024
	(In thousands)
Deferred Tax Assets:
Book allowance for loan losses in excess of tax specific charge-offs	$	78,989	$	78,096
Fair value mark on acquired loans	43,637		65,100
Interest on nonaccrual loans	6,596		4,569
Deferred compensation	4,490		4,902

Foreclosed assets valuation allowance	86		335


Net operating losses	261,014		292,843

Accrued liabilities	88,077		102,232
Unrealized loss from FDIC‑assisted acquisitions	503		413
Unrealized loss on securities available-for-sale	54,454		79,977
Unrealized loss on securities held-to-maturity	51,006		62,162
Tax mark-to-market on loans	227		250

Goodwill	64,512		73,863
Tax credits	164,071		130,522
Lease liability	33,421		35,447
FDIC indemnification asset	1,779		7,028


Other	2,891		3,159
Gross deferred tax assets	855,753		940,898
Valuation allowance	(16,065)		(19,015)
Deferred tax assets, net of valuation allowance	839,688		921,883
Deferred Tax Liabilities:
Core deposit and customer relationship intangibles	20,367		27,292
Deferred loan fees and costs	861		2,193
Unrealized gain on credit-linked notes	1,706		1,452
Premises and equipment, principally due to differences in depreciation	2,181		5,710
FHLB stock	570		553

Subordinated debt	13,118		14,789
Equity investments	12,375		9,695

Operating leases	103,633		110,415
ROU assets	28,122		29,197

Gross deferred tax liabilities	182,933		201,296
Total net deferred tax assets	$	656,755	$	720,587

Schedule of Unrecognized Tax Benefits Roll Forward

The following table summarizes the activity related to the Company's unrecognized tax benefits for the years indicated:


	Year Ended December 31,
Unrecognized Tax Benefits	2025		2024
	(In thousands)
Balance, beginning of year	$	645	$	1,598

Reductions for tax positions related to prior years	—		(953)
Reductions related to settlements	(335)		—

Balance, end of year	$	310	$	645

Unrecognized tax benefits that would affect the effective tax rate if recognized	$	310	$	645

Investment Securities - Held-to-Maturity (Details) - USD ($)
$ in Thousands

Dec. 31, 2025

Dec. 31, 2024

Dec. 31, 2023

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

$ 2,309,331

$ 2,307,649

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, after Allowance for Credit Loss

11,400

12,600

2,308,636

^[1]

2,306,149

Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain

2,052

^[1]

Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss

(64,162)

^[1]

(149,490)

Debt Securities, Held-to-Maturity, Allowance for Credit Loss, Excluding Accrued Interest

2,246,526

^[1]

2,156,694

(695)

^[1]

(1,500)

$ (1,500)

US States and Political Subdivisions Debt Securities [Member]

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

1,237,792

1,251,364

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, after Allowance for Credit Loss

1,237,772

1,251,224

Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain

2,052

Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss

(20,713)

(54,799)

Debt Securities, Held-to-Maturity, Allowance for Credit Loss, Excluding Accrued Interest

1,219,111

1,196,460

(20)

(140)

Commercial Mortgage Backed Securities [Member]

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

447,283

440,476

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, after Allowance for Credit Loss

447,283

440,476

Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain

Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss

(19,645)

(37,840)

Debt Securities, Held-to-Maturity, Allowance for Credit Loss, Excluding Accrued Interest

427,638

402,636

Mortgage-backed Securities, Issued by Private Enterprises

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

360,382

355,342

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, after Allowance for Credit Loss

360,382

355,342

Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain

Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss

(9,606)

(26,226)

Debt Securities, Held-to-Maturity, Allowance for Credit Loss, Excluding Accrued Interest

350,776

329,116

US Treasury Securities [Member]

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

193,022

189,985

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, after Allowance for Credit Loss

193,022

189,985

Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain

Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss

(7,934)

(16,702)

Debt Securities, Held-to-Maturity, Allowance for Credit Loss, Excluding Accrued Interest

185,088

Corporate Debt Securities [Member]

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

70,852

70,482

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, after Allowance for Credit Loss

13,400

70,177

69,122

Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain

Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss

(6,264)

(13,923)

Debt Securities, Held-to-Maturity, Allowance for Credit Loss, Excluding Accrued Interest

63,913

55,199

$ (675)

$ (1,360)

[1]	Excludes accrued interest receivable of $13.4 million at December 31, 2025 which is recorded in "Other assets" on the consolidated balance shee

Revenue From Contracts With Customers Revenue From Contracts With Customers (Tables)

12 Months Ended

Dec. 31, 2025

Revenue From Contracts With Customers [Abstract]

Revenue From Contracts With Customers [Table Text Block]

As illustrated here, substantially all of our revenue is specifically excluded from the scope of ASC Topic 606.


	Year Ended December 31,
	2025				2024				2023
	Total		Revenue from		Total		Revenue from		Total		Revenue from
	Recorded		Contracts with		Recorded		Contracts with		Recorded		Contracts with
	Revenue		Customers		Revenue		Customers		Revenue		Customers
	(In thousands)
Total Interest Income	$	1,676,653	$	—	$	1,812,705	$	—	$	1,971,000	$	—
Noninterest Income:
Other commissions and fees	38,637		19,089		33,258		18,052		38,086		16,597
Leased equipment income	47,717		—		51,109		—		63,167		—
Service charges on deposit accounts	19,146		19,146		18,583		18,583		16,468		16,468
(Loss) gain on sale of loans	(115)		—		645		—		(161,346)		—
Loss sale of securities	—		—		(60,400)		—		(442,413)		—
Dividends and gains on equity investments	7,992		—		7,982		—		15,731		—
Warrant income (loss)	1,726		—		408		—		(718)		—
LOCOM HFS adjustment	(9)		—		215		—		(8,461)		—
Other income	27,045		560		25,345		589		31,201		702
Total noninterest income (loss)	142,139		38,795		77,145		37,224		(448,285)		33,767
Total Revenue	$	1,818,792	$	38,795	$	1,889,850	$	37,224	$	1,522,715	$	33,767

Revenue Recognition of Contracts With Customers [Table Text Block]

The following table presents revenue from contracts with customers based on the timing of revenue recognition for the year indicated:


	Year Ended December 31,
	2025		2024		2023
	(In thousands)
Products and services transferred at a point in time	$	15,849	$	17,074	$	15,761
Products and services transferred over time	22,946		20,150		18,006
Total revenue from contracts with customers	$	38,795	$	37,224	$	33,767

Contract with Customer, Asset and Liability [Table Text Block]

The following table provides information about receivables, contract assets and contract liabilities from contracts with customers as of the dates indicated:


	December 31,
	2025		2024
	(In thousands)
Receivables, which are included in "Other assets"	$	2,147	$	1,679
Contract assets, which are included in "Other assets"	$	—	$	—
Contract liabilities, which are included in "Accrued interest payable and other liabilities"	$	279	$	348

Condensed Financial Information Of Parent Company Condensed Financial Information Of Parent Company (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Condensed Financial Statements, Captions [Line Items]
Other assets	$ 884,762	$ 913,954
Assets	34,797,442	33,542,864
Borrowings (including $113,634 and $118,838 at fair value, respectively)	2,063,819	1,391,814
Total liabilities	31,256,165	30,042,915
Stockholders' Equity Attributable to Parent Only	3,541,277	3,499,949	$ 3,390,765	$ 3,950,531
Total liabilities and stockholders' equity	34,797,442	33,542,864
Parent [Member]
Condensed Financial Statements, Captions [Line Items]
Cash	159,701	192,255
Investments In Consolidated Banking Subsidiaries	3,513,121	3,570,039
Other assets	92,584	134,799
Assets	3,765,406	3,897,093
Borrowings (including $113,634 and $118,838 at fair value, respectively)	0	172,976
Subordinated debt	216,369	214,709
Other Liabilities	7,760	9,459
Total liabilities	224,129	397,144
Stockholders' Equity Attributable to Parent Only	3,541,277	3,499,949
Total liabilities and stockholders' equity	$ 3,765,406	$ 3,897,093

Derivatives Narrative (Details) $ in Thousands, € in Millions	12 Months Ended
	Dec. 31, 2025 USD ($)	Dec. 31, 2025 EUR (€)	Dec. 31, 2024 USD ($)
Derivative [Line Items]
Derivative Assets, Notional Amount	$ 1,576,128		$ 544,626
Trust Preferred Securities Two Thousand Six Series Three
Derivative [Line Items]
Liability, Reporting Currency Denominated, Value \| €		€ 25.8
Cash Flow Hedging
Derivative [Line Items]
Derivative, Notional Amount	300,000		$ 300,000
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax	1,700
Cash Flow Hedging \| Contract Termination
Derivative [Line Items]
Derivative, Notional Amount	355,000
Interest Rate Contract [Member]
Derivative [Line Items]
Derivative Assets, Notional Amount	$ 150,700

Stock-Based Compensation Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2025

Share-Based Payment Arrangement [Abstract]

Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block]

The following table presents a summary of restricted stock transactions during the year ended December 31, 2025:


	RSUs		TRSAs		PSUs
		Weighted		Weighted		Weighted
		Average		Average		Average
	Number	Grant Date	Number	Grant Date	Number	Grant Date
	of	Fair Value	of	Fair Value	of	Fair Value
Year Ended December 31, 2025	Units	(Per Unit)	Shares	(Per Share)	Units	(Per Unit)
Unvested restricted stock, beginning of year	1,759,335	$12.98	211,206	$51.27	2,283,531	$9.07
Granted	1,630,631	$14.62	—	—	328,935	$15.72
Vested	592,387	$15.22	129,716	$53.94	—	—
Forfeited	240,243	$14.59	5,992	$50.49	307,841	$8.77
Unvested restricted stock, end of year	2,557,336	$14.59	75,498	$46.75	2,304,625	$10.06

Audit Information	12 Months Ended
Audit Information	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Audit Information [Abstract]
Auditor Name	Ernst & Young LLP	Ernst & Young LLP	KPMG LLP
Auditor Location	Irvine, California	Irvine, California	Irvine, California
Auditor Firm ID	42	42	185

Fair Value Measurements - Credit Link Level 3 (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Option, Quantitative Disclosures [Line Items]
Other Borrowings, Fair Value Disclosure	$ 113,634	$ 118,838
Loss on Sale of Investments	0	(60,400)	$ (442,413)
Level 3
Fair Value, Option, Quantitative Disclosures [Line Items]
Loss on Sale of Investments	1,726	408	(718)
Credit-Link Notes
Fair Value, Option, Quantitative Disclosures [Line Items]
Other Borrowings, Fair Value Disclosure	113,634	118,838	123,116	$ 132,030
Credit-Link Notes \| Level 3
Fair Value, Option, Quantitative Disclosures [Line Items]
Loss on Sale of Investments	(51)	(1,411)	5,404
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	(868)	2,589	(7,794)
Net increase (decrease) in borrowings	$ (4,285)	$ (5,456)	$ (6,524)

Condensed Financial Information Of Parent Company Condensed Financial Information Of Parent Company (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Condensed Financial Statements, Captions [Line Items]
Investment Income, Dividend	$ 8,626	$ 7,544	$ 4,807
Total Income	1,818,792	1,889,850	1,522,715
Interest Expense, Operating and Nonoperating	699,267	886,655	1,223,872
Income Tax Expense (Benefit)	(84,102)	(41,766)	312,201
Net earnings (loss)	228,973	126,888	(1,899,137)
Preferred Stock Dividends, Income Statement Impact	39,788	39,788	39,788
Net Income (Loss) Available to Common Stockholders, Basic	189,185	87,100	(1,938,925)
Parent Only
Condensed Financial Statements, Captions [Line Items]
Other Income	4,576	6,601	8,978
Investment Income, Dividend	430,000	80,000	46,000
Total Income	434,576	86,601	54,978
Interest Expense, Operating and Nonoperating	19,551	29,217	12,067
Operating Expenses	5,011	4,716	11,944
Total Expenses	24,562	33,933	24,011
Net earnings from continuing operations	410,014	52,668	30,967
Income Tax Expense (Benefit)	7,049	8,463	4,455
Income Loss From Continuing Operations Before Income Loss From Equity Method Investments	417,063	61,131	35,422
Income (Loss) from Equity Method Investments, Net of Dividends or Distributions	(188,090)	65,757	(1,934,559)
Net earnings (loss)	$ 228,973	$ 126,888	$ (1,899,137)

Condensed Financial Information Of Parent Company Condensed Financial Information Of Parent Company (Tables)

12 Months Ended

Dec. 31, 2025

Condensed Financial Information Of Parent Company [Abstract]

Condensed Balance Sheet


Parent Company Only	December 31,
Condensed Balance Sheets	2025		2024
	(In thousands)
Assets:
Cash and cash equivalents	$	159,701	$	192,255
Investments in subsidiaries	3,513,121		3,570,039
Other assets	92,584		134,799
Total assets	$	3,765,406	$	3,897,093
Liabilities:
Borrowings	$	—	$	172,976
Subordinated debt	216,369		214,709
Other liabilities	7,760		9,459
Total liabilities	224,129		397,144
Stockholders’ equity	3,541,277		3,499,949
Total liabilities and stockholders’ equity	$	3,765,406	$	3,897,093

Condensed Income Statement


Parent Company Only	Year Ended December 31,
Condensed Statements of Earnings (Loss)	2025		2024		2023
	(In thousands)
Miscellaneous income	$	4,576	$	6,601	$	8,978
Dividends from Bank subsidiary	430,000		80,000		46,000
Total income	434,576		86,601		54,978
Interest expense	19,551		29,217		12,067
Operating expenses	5,011		4,716		11,944
Total expenses	24,562		33,933		24,011
Earnings before income taxes and equity in undistributed earnings of subsidiaries	410,014		52,668		30,967
Income tax benefit	7,049		8,463		4,455
Earnings before equity in undistributed earnings of subsidiaries	417,063		61,131		35,422
Equity in undistributed (loss) earnings of subsidiaries	(188,090)		65,757		(1,934,559)
Net earnings (loss)	228,973		126,888		(1,899,137)
Preferred stock dividends	39,788		39,788		39,788
Net earnings (loss) available to common and equivalent stockholders	$	189,185	$	87,100	$	(1,938,925)

Condensed Cash Flow Statement


Parent Company Only	Year Ended December 31,
Condensed Statements of Cash Flows	2025		2024		2023
	(In thousands)
Cash flows from operating activities:
Net earnings (loss)	$	228,973	$	126,888	$	(1,899,137)
Adjustments to reconcile net earnings (loss) to net cash
provided by (used in) operating activities:
Depreciation and amortization	2,684		4,608		378
Change in other assets	(3,438)		(42,141)		(466,018)
Change in liabilities	(3,168)		(22,063)		20,907

Earned stock compensation	23,352		15,448		28,697
Equity in undistributed loss (earnings) of subsidiaries	188,090		(65,757)		1,934,559
Net cash provided by (used in) operating activities	436,493		16,983		(380,614)

Cash flows from investing activities:

Cash acquired in acquisitions, net of consideration paid	—		—		26,310
Net cash provided by investing activities	—		—		26,310

Cash flows from financing activities:
Restricted stock surrendered	(3,714)		(2,708)		(5,419)
Repayments of borrowings	(174,000)		—		—
Net proceeds from stock issuance	—		—		382,900
Exercise of options	77		—		—
Common shares purchased under the Dividend Reinvestment Plan	—		308		69
Common shares repurchased under Stock Repurchase Program	(187,727)		—		—
Preferred stock dividends paid	(39,788)		(39,788)		(39,788)
Common stock dividends paid	(63,895)		(68,298)		(48,881)
Net cash (used in) provided by financing activities	(469,047)		(110,486)		288,881
Net decrease in cash and cash equivalents	(32,554)		(93,503)		(65,423)
Cash and cash equivalents, beginning of year	192,255		285,758		351,181
Cash and cash equivalents, end of year	$	159,701	$	192,255	$	285,758

Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Thousands

Dec. 31, 2025

Dec. 31, 2024

Available-for-sale Securities, Amortized Cost Basis

$ 2,646,414

$ 2,526,644

Other Borrowings, Fair Value Disclosure

2,246,526

^[1]

2,156,694

$ 113,634

$ 118,838

Common stock, par value

$ 0.01

Common Stock, Shares, Issued, Acquisitions

150,039,018

158,557,735

Debt Securities, Available-for-Sale, Allowance for Credit Loss

149,963,520

158,346,529

$ (775)

$ 0

Debt Securities, Held-to-Maturity, Allowance for Credit Loss, Excluding Accrued Interest

$ (695)

^[1]

$ (1,500)

Class B Non-Voting

Common stock, par value

$ 0.01

Common Stock, Shares, Issued, Acquisitions

477,321

Common Stock, Shares, Issued, Acquisitions

477,321

Nonvoting Common Stock

Common stock, par value

$ 0.01

5,017,064

9,790,600

[1]	Excludes accrued interest receivable of $13.4 million at December 31, 2025 which is recorded in "Other assets" on the consolidated balance shee

Premises and Equipment, Net

12 Months Ended

Dec. 31, 2025

Premises and Equipment, Net [Abstract]

Premises and Equipment, Net

NOTE 6. PREMISES AND EQUIPMENT, NET

The following table presents the components of premises and equipment as of the dates indicated:


	December 31,
	2025		2024
	(In thousands)
Land	$	8,874	$	8,874
Buildings	95,327		95,410
Furniture, fixtures and equipment	65,648		52,274
Leasehold improvements	74,298		78,326
Premises and equipment, gross	244,147		234,884
Less: accumulated depreciation and amortization	(97,449)		(92,338)
Premises and equipment, net	$	146,698	$	142,546

Depreciation and amortization expense was $14.6 million, $15.2 million, and $12.6 million for the years ended December 31, 2025, 2024, and 2023.

Leases Leases (Details Textuals) - USD ($) $ in Thousands	12 Months Ended
Leases Leases (Details Textuals) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Operating Leased Assets [Line Items]
Operating Lease, Impairment Loss	$ 0	$ 0
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other assets	Other assets
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Accounts Payable and Accrued Liabilities	Accounts Payable and Accrued Liabilities
Minimum
Operating Leased Assets [Line Items]
Lessee, Operating Lease, Renewal Term	1 year
Maximum
Operating Leased Assets [Line Items]
Lessee, Operating Lease, Renewal Term	10 years

Fair Value Measurements Valuation Methodology and Unobservable Inputs for Level 3 (Details) - Fair Value, Nonrecurring [Member] - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	$ 52,691	$ 62,320
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	4,042	12,986
Non Purchased Credit Impaired Loans and Leases
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	52,443	58,948
Non Purchased Credit Impaired Loans and Leases \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	4,042	$ 12,986
No Discounts [Member] \| Third party appraisals [Member] \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	$ 4,042

Investment Securities

12 Months Ended

Dec. 31, 2025

Investments, Debt and Equity Securities [Abstract]

Investment Securities

INVESTMENT SECURITIES

Securities Available-for-Sale

The following tables present amortized cost, gross unrealized gains and losses, and fair values of AFS securities as of the dates indicated:


	December 31, 2025
			Allowance				Gross		Gross
	Amortized		for Credit		Net Carrying		Unrealized		Unrealized		Fair
Security Type	Cost		Losses		Amount		Gains		Losses		Value
	(In thousands)
Agency residential MBS	$	972,161	$	—	$	972,161	$	—	$	(138,076)	$	834,085
Agency commercial MBS	52,022		—		52,022		44		(1,100)		50,966

Agency residential CMOs	883,067		—		883,067		3,857		(15,300)		871,624

Corporate debt securities	257,236		(775)		256,461		576		(15,441)		241,596
Private label residential CMOs	254,787		—		254,787		522		(26,334)		228,975
Collateralized loan obligations	200,519		—		200,519		303		—		200,822
Private label commercial MBS	9,746		—		9,746		—		(467)		9,279
Asset-backed securities	13,242		—		13,242		7		—		13,249
SBA securities	3,634		—		3,634		—		(172)		3,462
Total (1)	$	2,646,414	$	(775)	$	2,645,639	$	5,309	$	(196,890)	$	2,454,058

_________________________

(1) Excludes accrued interest receivable of $11.4 million at December 31, 2025 which is recorded in "Other assets" on the consolidated balance sheets.


	December 31, 2024
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
Security Type	Cost		Gains		Losses		Value
	(In thousands)
Agency residential MBS	$	1,051,601	$	—	$	(189,761)	$	861,840
Agency commercial MBS	52,610		—		(1,046)		51,564
Agency residential CMOs	467,319		223		(20,911)		446,631
Municipal securities	602		—		(8)		594
Corporate debt securities	289,098		—		(31,386)		257,712
Private label residential CMOs	352,615		7		(35,712)		316,910
Collateralized loan obligations	278,976		469		(29)		279,416
Private label commercial MBS	13,585		—		(1,213)		12,372
Asset-backed securities	15,674		—		(74)		15,600
SBA securities	4,564		—		(364)		4,200

Total (1)	$	2,526,644	$	699	$	(280,504)	$	2,246,839

_________________________

(1) Excludes accrued interest receivable of $12.6 million at December 31, 2024 which is recorded in "Other assets" on the consolidated balance sheets.

See "Note 15. Fair Value Measurements" for information on fair value measurements and methodology.

As of December 31, 2025, AFS securities with a fair value of $3.5 million were pledged as collateral solely for public deposits.

Realized Gains and Losses on Securities Available-for-Sale

The following table presents the amortized cost of securities sold with related gross realized gains, gross realized losses, and net realized (losses) gains for the years indicated:


	Year Ended December 31,
Sales of Securities Available-for-Sale	2025		2024		2023
	(In thousands)
Amortized cost of securities sold	$	—	$	753,738	$	3,470,424

Gross realized gains	$	—	$	1,396	$	—
Gross realized losses	—		(61,796)		(442,413)
Net realized losses	$	—	$	(60,400)	$	(442,413)

Unrealized Losses on Securities Available-for-Sale

The following tables present the gross unrealized losses and fair values of AFS securities that were in unrealized loss positions as of the dates indicated:


	December 31, 2025
	Less Than 12 Months				12 Months or More				Total
			Gross				Gross				Gross
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
Security Type	Value		Losses		Value		Losses		Value		Losses
	(In thousands)
Agency residential MBS	$	—	$	—	$	834,085	$	(138,076)	$	834,085	$	(138,076)

Agency commercial MBS	4,994		(6)		32,006		(1,094)		37,000		(1,100)
Agency residential CMOs	70,270		(117)		101,501		(15,183)		171,771		(15,300)

Corporate debt securities	—		—		188,545		(15,441)		188,545		(15,441)
Private label residential CMOs	19,672		(8)		127,020		(26,326)		146,692		(26,334)

Private label commercial MBS	—		—		9,279		(467)		9,279		(467)

SBA securities	—		—		3,462		(172)		3,462		(172)
Total	$	94,936	$	(131)	$	1,295,898	$	(196,759)	$	1,390,834	$	(196,890)


	December 31, 2024
	Less Than 12 Months				12 Months or More				Total
			Gross				Gross				Gross
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
Security Type	Value		Losses		Value		Losses		Value		Losses
	(In thousands)
Agency residential MBS	$	—	$	—	$	861,840	$	(189,761)	$	861,840	$	(189,761)

Agency commercial MBS	40,291		(87)		11,273		(959)		51,564		(1,046)
Agency residential CMOs	273,347		(1,994)		104,757		(18,917)		378,104		(20,911)
Municipal securities	—		—		594		(8)		594		(8)
Corporate debt securities	15,968		(32)		241,744		(31,354)		257,712		(31,386)
Private label residential CMOs	180,915		(1,031)		129,178		(34,681)		310,093		(35,712)
Collateralized loan obligations	38,771		(29)		—		—		38,771		(29)
Private label commercial MBS	—		—		12,372		(1,213)		12,372		(1,213)
Asset-backed securities	15,600		(74)		—		—		15,600		(74)
SBA securities	—		—		4,200		(364)		4,200		(364)
Total	$	564,892	$	(3,247)	$	1,365,958	$	(277,257)	$	1,930,850	$	(280,504)

At December 31, 2025, the Company evaluated all securities in an unrealized loss position to determine whether any portion of the unrealized losses were attributable to credit related factors. As a result of this assessment, an allowance for credit losses of $0.8 million was recorded on one corporate debt security classified as AFS. For all other securities in unrealized loss position, the loss was attributable to changes in market interest rates and other market conditions, rather than credit deterioration of the underlying issuers. In making this determination, we considered several factors, including credit ratings and financial condition of the issuers, the seniority of the tranches, and any U.S. government agency guarantees. We do not intend to sell these securities, and it is not more likely than not that we will be required to sell them before recovery of their amortized cost basis. Therefore, no write-down to fair value through earnings was necessary. Except for the credit loss recognized above, the remaining unrealized losses continue to be recorded in accumulated other comprehensive loss within stockholders’ equity.

Contractual Maturities of Securities Available-for-Sale

The following tables present the contractual maturities of our AFS securities portfolio based on amortized cost and fair value as of the dates indicated:


	December 31, 2025
	Due Within		Due after One Year		Due After Five Years		Due After
Security Type	One Year		Through Five Years		Through Ten Years		Ten Years		Total
	(In thousands)
Amortized Cost:
Agency residential MBS	$	—	$	—	$	—	$	972,161	$	972,161

Agency commercial MBS	—		40,168		—		11,854		52,022
Agency residential CMOs	—		—		13,691		869,376		883,067

Corporate debt securities	10,750		47,677		198,809		—		257,236
Private label residential CMOs	—		—		—		254,787		254,787
Collateralized loan obligations	—		208		93,763		106,548		200,519
Private label commercial MBS	—		—		5,928		3,818		9,746
Asset-backed securities	—		—		—		13,242		13,242
SBA securities	—		—		3,634		—		3,634
Total	$	10,750	$	88,053	$	315,825	$	2,231,786	$	2,646,414


	December 31, 2025
	Due Within		Due after One Year		Due After Five Years		Due After
Security Type	One Year		Through Five Years		Through Ten Years		Ten Years		Total
	(In thousands)
Fair Value:
Agency residential MBS	$	—	$	—	$	—	$	834,085	$	834,085

Agency commercial MBS	—		40,193		—		10,773		50,966
Agency residential CMOs	—		—		13,792		857,832		871,624

Corporate debt securities	10,750		47,033		183,813		—		241,596
Private label residential CMOs	—		—		—		228,975		228,975
Collateralized loan obligations	—		208		93,793		106,821		200,822
Private label commercial MBS	—		—		5,638		3,641		9,279
Asset-backed securities	—		—		—		13,249		13,249
SBA securities	—		—		3,462		—		3,462
Total	$	10,750	$	87,434	$	300,498	$	2,055,376	$	2,454,058

CMBS, CMOs, and MBS have contractual maturity dates, but require periodic payments based upon scheduled amortization terms. Actual principal collections on these securities usually occur more rapidly than the scheduled amortization terms because of prepayments made by obligors of the underlying loan collateral.

Securities Held-to-Maturity

The following tables present amortized cost, allowance for credit losses, gross unrealized gains and losses, and fair values of HTM securities as of the dates indicated:


	December 31, 2025
	Amortized		Allowance for		Net Carrying		Gross Unrealized		Gross Unrealized		Fair
Security Type	Cost		Credit Losses		Amount		Gains		Losses		Value
	(In thousands)

Municipal securities	$	1,237,792	$	(20)	$	1,237,772	$	2,052	$	(20,713)	$	1,219,111
Agency commercial MBS	447,283		—		447,283		—		(19,645)		427,638
Private label commercial MBS	360,382		—		360,382		—		(9,606)		350,776
U.S. Treasury securities	193,022		—		193,022		—		(7,934)		185,088
Corporate debt securities	70,852		(675)		70,177		—		(6,264)		63,913





Total (1)	$	2,309,331	$	(695)	$	2,308,636	$	2,052	$	(64,162)	$	2,246,526

__________________________

(1) Excludes accrued interest receivable of $13.4 million at December 31, 2025 which is recorded in "Other assets" on the consolidated balance sheets.


	December 31, 2024
	Amortized		Allowance for		Net Carrying		Gross Unrealized		Gross Unrealized		Fair
Security Type	Cost		Credit Losses		Amount		Gains		Losses		Value
	(In thousands)

Municipal securities	$	1,251,364	$	(140)	$	1,251,224	$	35	$	(54,799)	$	1,196,460
Agency commercial MBS	440,476		—		440,476		—		(37,840)		402,636
Private label commercial MBS	355,342		—		355,342		—		(26,226)		329,116
U.S. Treasury securities	189,985		—		189,985		—		(16,702)		173,283
Corporate debt securities	70,482		(1,360)		69,122		—		(13,923)		55,199





Total (1)	$	2,307,649	$	(1,500)	$	2,306,149	$	35	$	(149,490)	$	2,156,694

__________________________

(1) Excludes accrued interest receivable of $13.4 million at December 31, 2024 which is recorded in "Other assets" on the consolidated balance sheets.

As of December 31, 2025, HTM securities with an amortized cost of $2.3 billion and a fair value of $2.2 billion were pledged as collateral primarily for the FRB secured line of credit and public deposits.

Allowance for Credit Losses on Securities Held-to-Maturity

The following tables present the changes by major security type in our allowance for credit losses on HTM securities for the years: indicated:


	Year Ended December 31, 2025
	Allowance for		Provision						Allowance for
	Credit Losses,		for						Credit Losses,
	Beginning		Credit						End of
Security Type	of Period		Losses		Charge-offs		Recoveries		Period
	(In thousands)

Municipal securities	$	140	$	(120)	$	—	$	—	$	20
Corporate debt securities	1,360		(685)		—		—		675
Total	$	1,500	$	(805)	$	—	$	—	$	695

	Year Ended December 31, 2024
	Allowance for		Provision						Allowance for
	Credit Losses,		for						Credit Losses,
	Beginning		Credit						End of
Security Type	of Period		Losses		Charge-offs		Recoveries		Period
	(In thousands)
Municipal securities	$	140	$	—	$	—	$	—	$	140
Corporate debt securities	1,360		—		—		—		1,360
Total	$	1,500	$	—	$	—	$	—	$	1,500

Credit losses on HTM securities are recorded at the time of purchase, acquisition, or when the Company designates securities as HTM. The allowance for credit losses on HTM securities is representative of current expected credit losses that may be incurred over the life of the investment. Accrued interest receivable on HTM securities, which is included in "Other assets" on the consolidated balance sheets, is excluded from the estimate of expected credit losses. HTM U.S. Treasury securities and agency-backed MBS securities are considered to have no risk of loss as they are either explicitly or implicitly guaranteed by the U.S. government. The change in fair value in the HTM private label CMBS portfolio is solely driven by changes in interest rates. The Company has no knowledge of any underlying credit issues and the cash flows underlying the debt securities have not changed and are not expected to be impacted by changes in interest rates and, thus, there is no related ACL for this portfolio. The underlying bonds in the Company’s HTM municipal securities and HTM corporate debt securities portfolios are evaluated for credit losses in conjunction with management’s estimate of the allowance for credit losses based primarily on credit ratings.

Securities Held-to-Maturity by Credit Quality Indicator


	December 31, 2025
Security Type	AAA		AA+		AA		AA-		BBB		NR		Total
	(In thousands)
Amortized Cost:
Municipal securities	$	567,140	$	363,823	$	220,823	$	84,302	$	1,704	$	—	$	1,237,792
Agency commercial MBS	—		447,283		—		—		—		—		447,283

Private label commercial MBS	360,382		—		—		—		—		—		360,382
U.S. Treasury securities	—		193,022		—		—		—		—		193,022
Corporate debt securities	—		—		—		—		44,646		26,206		70,852
Total	$	927,522	$	1,004,128	$	220,823	$	84,302	$	46,350	$	26,206	$	2,309,331


	December 31, 2024
Security Type	AAA		AA+		AA		AA-		A		BBB		NR		Total
	(In thousands)
Amortized Cost:
Municipal securities	$	571,347	$	369,072	$	218,581	$	72,952	$	1,667	$	—	$	17,745	$	1,251,364

Agency commercial MBS	—		440,476		—		—		—		—		—		440,476

Private label commercial MBS	355,342		—		—		—		—		—		—		355,342

U.S. Treasury securities	—		189,985		—		—		—		—		—		189,985

Corporate debt securities	—		—		—		—		—		44,507		25,975		70,482
Total	$	926,689	$	999,533	$	218,581	$	72,952	$	1,667	$	44,507	$	43,720	$	2,307,649

Contractual Maturities of Securities Held-to-Maturity

The following tables present the contractual maturities of our HTM securities portfolio based on amortized cost and fair value as of the dates indicated:


	December 31, 2025
	Due Within		Due after One Year		Due After Five Years		Due After
Security Type	One Year		Through Five Years		Through Ten Years		Ten Years		Total
	(In thousands)
Amortized Cost:

Municipal securities	$	—	$	149,636	$	380,067	$	708,089	$	1,237,792
Agency commercial MBS	—		69,306		377,977		—		447,283
Private label commercial MBS	—		—		37,304		323,078		360,382
U.S. Treasury securities	—		—		193,022		—		193,022
Corporate debt securities	—		—		53,719		17,133		70,852





Total	$	—	$	218,942	$	1,042,089	$	1,048,300	$	2,309,331


	December 31, 2025
	Due Within		Due after One Year		Due After Five Years		Due After
Security Type	One Year		Through Five Years		Through Ten Years		Ten Years		Total
	(In thousands)
Fair Value:

Municipal securities	$	—	$	148,682	$	377,094	$	693,335	$	1,219,111
Agency commercial MBS	—		67,249		360,389		—		427,638
Private label commercial MBS	—		—		36,419		314,357		350,776
U.S. Treasury securities	—		—		185,088		—		185,088
Corporate debt securities	—		—		49,395		14,518		63,913





Total	$	—	$	215,931	$	1,008,385	$	1,022,210	$	2,246,526

CMBS have contractual maturity dates, but require periodic payments based upon scheduled amortization terms. Actual principal collections on these securities usually occur more rapidly than the scheduled amortization terms because of prepayments made by obligors of the underlying loan collateral.

FRB and FHLB Stock

In connection with borrowing facilities with the FRB and FHLB, the Bank owned FRB and FHLB stock carried at cost of $160.4 million and $147.8 million at December 31, 2025 and 2024. We evaluated the carrying value of our FRB and FHLB stock investment at December 31, 2025 and determined that it was not impaired. Our evaluation considered the long-term nature of the investment, the current financial and liquidity position of the FRB and FHLB, repurchase activity of excess stock by the FRB and FHLB at its carrying value, the return on the investment from recurring dividends, and our intent and ability to hold this investment for a period of time sufficient to recover our recorded investment.

Interest Income on Investment Securities

The following table presents the composition of our interest income on investment securities for the years indicated:


	Year Ended December 31,
	2025		2024		2023
	(In thousands)
Taxable interest	$	126,885	$	114,656	$	150,710
Non-taxable interest	17,815		18,594		19,479
Dividend income	8,626		7,544		4,807
Total interest income on investment securities	$	153,326	$	140,794	$	174,996

Fair Value Measurements Assets and Liabilities Measured and Recorded Assumptions (Details) - Level 3 - Fair Value, Recurring	12 Months Ended
	Dec. 31, 2025
Weighted Average [Member] \| Measurement Input, Price Volatility [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Equity Warrants, Measurement Input	0.272
Weighted Average [Member] \| Measurement Input, Risk Free Interest Rate [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Equity Warrants, Measurement Input	0.036
Weighted Average [Member] \| Spread to 10 Year Treasury
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Equity Warrants, Measurement Input	0.045
Weighted Average [Member] \| Discount Rates [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Equity Warrants, Measurement Input	0.087
Minimum \| Measurement Input, Price Volatility [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Equity Warrants, Measurement Input	0.196
Minimum \| Measurement Input, Risk Free Interest Rate [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Equity Warrants, Measurement Input	0.035
Minimum \| Spread to 10 Year Treasury
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Equity Warrants, Measurement Input	0.029
Minimum \| Discount Rates [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Equity Warrants, Measurement Input	0.071
Maximum \| Measurement Input, Price Volatility [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Equity Warrants, Measurement Input	9.656
Maximum \| Measurement Input, Risk Free Interest Rate [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Equity Warrants, Measurement Input	0.037
Maximum \| Spread to 10 Year Treasury
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Equity Warrants, Measurement Input	0.085
Maximum \| Discount Rates [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Equity Warrants, Measurement Input	0.127

Goodwill and Other Intangible Assets (Details) - USD ($) $ in Thousands		3 Months Ended	12 Months Ended
	Nov. 30, 2023	Mar. 31, 2025	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Goodwill [Line Items]
Goodwill			$ 214,521	$ 214,521	$ 198,627
Goodwill impairment			0	0	$ 1,376,736
Goodwill, Transfers	$ 198,627			$ 15,894
Goodwill, Measurement Period Adjustment			$ 15,900
Goodwill
Goodwill [Line Items]
Goodwill impairment		$ 1,400,000

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1A

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

12 Months Ended

Dec. 31, 2025

Commitments and Contingencies

NOTE 13. COMMITMENTS AND CONTINGENCIES

The following table presents a summary of commitments described below as of the dates indicated:


	December 31,
	2025		2024
	(In thousands)
Loan commitments to extend credit	$	5,433,357	$	4,887,690
Standby letters of credit	244,895		201,768
Total	$	5,678,252	$	5,089,458

The Company is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. Those instruments involve, to varying degrees, elements of credit risk in excess of the amount recognized in the consolidated balance sheets. The contract or notional amounts of those instruments reflect the extent of involvement that the Company has in particular classes of financial instruments.

Commitments to extend credit are contractual agreements to lend to our customers when customers are in compliance with their contractual credit agreements and when customers have contractual availability to borrow under such agreements. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The estimated exposure to loss from these commitments is included in the reserve for unfunded loan commitments, which amounted to $34.9 million at December 31, 2025 and $29.1 million at December 31, 2024.

Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third-party. We provide standby letters of credit in conjunction with several of our lending arrangements and property lease obligations. Most guarantees expire within one year from the date of issuance. If a borrower defaults on its commitments subject to any letter of credit issued under these arrangements, we would be required to meet the borrower's financial obligation but would seek repayment of that financial obligation from the borrower. In some cases, borrowers have pledged cash and investment securities as collateral under these arrangements.

Additionally, we have commitments to invest in SBICs that call for capital contributions up to an amount specified in the partnership agreements, and in CRA-related loan pools. As of December 31, 2025 and 2024, such commitments totaled $122.1 million and $79.7 million.

Legal Matters

In the ordinary course of our business, we are party to various legal actions, which we believe are incidental to the operation of our business. The outcome of such legal actions and the timing of ultimate resolution are inherently difficult to predict. In the opinion of management, based upon information currently available to us, any resulting liability, in addition to amounts already accrued, and taking into consideration insurance which may be applicable, would not have a material adverse effect on the Company’s financial statements or operations.

Business Combinations (Details Textual) - USD ($)		12 Months Ended
Business Combinations (Details Textual) - USD ($)	Nov. 30, 2023	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Jun. 06, 2022	Apr. 30, 2021
Business Combination [Line Items]
Class of Warrant or Right, Exercise Price of Warrants or Rights		$ 24.60
Goodwill, Transfers	$ 198,627,000		$ 15,894,000
Goodwill, Measurement Period Adjustment		$ 15,900,000
Goodwill		$ 214,521,000	$ 214,521,000	$ 198,627,000
Pacific Western Bank
Business Combination [Line Items]
Shares, Outstanding	120,000,000.0
Banc of California
Business Combination [Line Items]
Shares, Outstanding	57,000,000.0
Centerbridge Investor
Business Combination [Line Items]
Common Stock, Warrants Issued, Per Share Price	$ 15.375
April 30, 2021 Issuance
Business Combination [Line Items]
Subordinated debt						$ 400,000,000
Preferred Class A
Business Combination [Line Items]
Investment Interest Rate					7.75%
Pacific Western Bank
Business Combination [Line Items]
Stock Issued During Period, Shares, Acquisitions	0.6569
Pacific Western Bank \| Preferred Class A
Business Combination [Line Items]
Investment Interest Rate					7.75%

Commitments and Contingencies Commitments and Contingencies (Details 1) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Other Commitments [Line Items]
Commitment To Contribute Capital to CRA Related Pool	$ 122,100	$ 79,700

Revenue From Contracts With Customers Revenue From Contracts With Customers (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Revenue From Contracts With Customers [Line Items]
Total interest income	$ 1,676,653	$ 1,812,705	$ 1,971,000
(Loss) gain on sale of loans and leases	(115)	645	(161,346)
Loss on sale of securities	0	(60,400)	(442,413)
Service charges on deposit accounts	38,795	37,224	33,767
Other commissions and fees	38,637	33,258	38,086
Leased equipment income	47,717	51,109	63,167
Service charges on deposit accounts	19,146	18,583	16,468
Other income	27,045	25,345	31,201
Total noninterest income (loss)	142,139	77,145	(448,285)
Total Income	1,818,792	1,889,850	1,522,715
Dividends and gains on equity investments	7,992	7,982	15,731
Warrant income (loss)	1,726	408	(718)
LOCOM HFS Adjustment	(9)	215	(8,461)
Interest [Member]
Revenue From Contracts With Customers [Line Items]
Service charges on deposit accounts	0	0	0
Service Charges On Deposit Accounts
Revenue From Contracts With Customers [Line Items]
Service charges on deposit accounts	19,146	18,583	16,468
Other Commissions And Fees
Revenue From Contracts With Customers [Line Items]
Service charges on deposit accounts	19,089	18,052	16,597
Lease Equipment Income [Member]
Revenue From Contracts With Customers [Line Items]
Service charges on deposit accounts	0	0	0
Gain On Sale Of Loans [Member]
Revenue From Contracts With Customers [Line Items]
Service charges on deposit accounts	0	0	0
Gain On Sale Of Securities [Member]
Revenue From Contracts With Customers [Line Items]
Service charges on deposit accounts	0	0	0
Other [Member]
Revenue From Contracts With Customers [Line Items]
Service charges on deposit accounts	560	589	702
Noninterest Income [Member]
Revenue From Contracts With Customers [Line Items]
Service charges on deposit accounts	38,795	37,224	33,767
Dividends and Gains (Losses) on Equity Investments
Revenue From Contracts With Customers [Line Items]
Service charges on deposit accounts	0	0	0
Warranty Income
Revenue From Contracts With Customers [Line Items]
Service charges on deposit accounts	0	0	0
LOCOM Held For Sale Adjustment
Revenue From Contracts With Customers [Line Items]
Service charges on deposit accounts	$ 0	$ 0	$ 0

Cybersecurity Risk Management and Strategy Disclosure	12 Months Ended
Cybersecurity Risk Management and Strategy Disclosure	Dec. 31, 2025
Cybersecurity Risk Management, Strategy, and Governance [Line Items]
Cybersecurity Risk Management Processes Integrated [Flag]	true

Related Party Disclosures	12 Months Ended
Related Party Disclosures	Dec. 31, 2025
Related Party Transactions [Abstract]
Related Party Transactions Disclosure	RELATED PARTY TRANSACTIONS Certain of our executive officers and directors, and their related interests, are customers of, or have had transactions with, the Bank in the ordinary course of business, including deposits, loans, and other financial services-related transactions. From time to time, the Bank may make loans to executive officers and directors, and their related interests, in the ordinary course of businesses in accordance with the Bank's underwriting guidelines, and do not involve more than the normal risk of collectability or present other unfavorable features. As of December 31, 2025, no related party loans were categorized as nonaccrual, past due, restructured, or potential problem loans. Transactions with Related Parties The Company and the Bank have engaged in the transaction described below with the Company's current directors, executive officers, and beneficial owners of more than five percent of the outstanding shares of the Company's voting common stock and certain persons related to them. The Company is a party to a services agreement with IntraFi Network LLC (“IntraFi”) whereby IntraFi provides the Bank with certain insured cash sweep services from time to time. Affiliates of funds managed by Warburg Pincus LLC hold a material investment interest in IntraFi. Additionally, one of Warburg Pincus LLC’s principals, Todd Schell, who currently serves as a member of the Board, is a member of the board of directors of IntraFi. Affiliates of funds managed by Warburg Pincus LLC beneficially owned approximately 9.63% of the Company’s outstanding voting common stock as of December 31, 2025. For the years ended December 31, 2025, 2024 and 2023, the amount paid to IntraFi for certain insured cash sweep services was $7.5 million, $8.0 million, and $9.2 million, respectively.

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-5

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-6

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(e))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/850/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-6

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Business Combination, Pro Forma Information [Line Items]

Loans and Leases Nonaccrual and Performing Loans and Leases Held for Investment (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Financing Receivable, Impaired [Line Items]
Financing Receivable, Nonaccrual	$ 159,168	$ 189,605
Loans held for investment, net	25,032,679	23,781,663
Mortgages [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Nonaccrual	154,676	167,206
Loans held for investment, net	13,750,787	13,427,659
Real Estate Construction [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Nonaccrual	0	0
Loans held for investment, net	1,947,627	3,172,293
Commercial Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Nonaccrual	3,135	21,775
Loans held for investment, net	8,977,206	6,778,829
Consumer Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Nonaccrual	1,357	624
Loans held for investment, net	357,059	402,882
Performing Financing Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans held for investment, net	24,873,511	23,592,058
Performing Financing Receivable [Member] \| Mortgages [Member]
Financing Receivable, Impaired [Line Items]
Loans held for investment, net	13,596,111	13,260,453
Performing Financing Receivable [Member] \| Real Estate Construction [Member]
Financing Receivable, Impaired [Line Items]
Loans held for investment, net	1,947,627	3,172,293
Performing Financing Receivable [Member] \| Commercial Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Loans held for investment, net	8,974,071	6,757,054
Performing Financing Receivable [Member] \| Consumer Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Loans held for investment, net	355,702	402,258
Asset-based \| Commercial Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Nonaccrual	0	1,940
Loans held for investment, net	2,951,010	2,087,969
Asset-based \| Performing Financing Receivable [Member] \| Commercial Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Loans held for investment, net	2,951,010	2,086,029
Venture capital \| Commercial Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Nonaccrual	625	6,291
Loans held for investment, net	2,222,097	1,537,776
Venture capital \| Performing Financing Receivable [Member] \| Commercial Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Loans held for investment, net	2,221,472	1,531,485
Other commercial \| Commercial Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Nonaccrual	2,510	13,544
Loans held for investment, net	3,804,099	3,153,084
Other commercial \| Performing Financing Receivable [Member] \| Commercial Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Loans held for investment, net	3,801,589	3,139,540
Commercial Real Estate Construction Loan Receivable [Member] \| Real Estate Construction [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Nonaccrual	0	0
Loans held for investment, net	379,387	799,131
Commercial Real Estate Construction Loan Receivable [Member] \| Performing Financing Receivable [Member] \| Real Estate Construction [Member]
Financing Receivable, Impaired [Line Items]
Loans held for investment, net	379,387	799,131
Residential Real Estate Construction Financing Receivable [Member] \| Real Estate Construction [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Nonaccrual	0	0
Loans held for investment, net	1,568,240	2,373,162
Residential Real Estate Construction Financing Receivable [Member] \| Performing Financing Receivable [Member] \| Real Estate Construction [Member]
Financing Receivable, Impaired [Line Items]
Loans held for investment, net	1,568,240	2,373,162
Commercial Real Estate [Member] \| Mortgages [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Nonaccrual	93,334	97,655
Loans held for investment, net	4,314,637	4,578,772
Commercial Real Estate [Member] \| Performing Financing Receivable [Member] \| Mortgages [Member]
Financing Receivable, Impaired [Line Items]
Loans held for investment, net	4,221,303	4,481,117
Residential Real Estate [Member] \| Mortgages [Member]
Financing Receivable, Impaired [Line Items]
Loans held for investment, net	6,089,417	6,041,713
Multi-Family Real Estate Loans \| Mortgages [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Nonaccrual	3,358	22,763
Loans held for investment, net	6,089,417	6,041,713
Multi-Family Real Estate Loans \| Performing Financing Receivable [Member] \| Mortgages [Member]
Financing Receivable, Impaired [Line Items]
Loans held for investment, net	6,086,059	6,018,950
Other Residential Real Estate \| Mortgages [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Nonaccrual	57,984	46,788
Loans held for investment, net	3,346,733	2,807,174
Other Residential Real Estate \| Performing Financing Receivable [Member] \| Mortgages [Member]
Financing Receivable, Impaired [Line Items]
Loans held for investment, net	$ 3,288,749	$ 2,760,386

Fair Value Measurements Quantitative Inputs and Assumptions Leve 3 Corporate Debt Securities (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2025 USD ($)	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Unrealized net holding gains on securities available-for-sale arising during the year	$ 88,224	$ 11,987	$ 16,525
Fair Value, Recurring
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Assets, Level 3 to Level 2 Transfers, Amount	0	(38,149)	0
Level 3 \| Corporate Debt Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Equity, Level 2 to Level 1 Transfers			51,750
Level 3 \| Fair Value, Recurring
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	2,370	2,130	40,249	$ 0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	240	30	(11,501)
Unrealized net holding gains on securities available-for-sale arising during the year	$ (630)	$ (870)	$ (11,501)
Minimum \| Level 3 \| Fair Value, Recurring \| Spread to 10 Year Treasury
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Equity Warrants, Measurement Input	0.029
Minimum \| Level 3 \| Fair Value, Recurring \| Discount Rates [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Equity Warrants, Measurement Input	0.071
Maximum \| Level 3 \| Fair Value, Recurring \| Spread to 10 Year Treasury
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Equity Warrants, Measurement Input	0.085
Maximum \| Level 3 \| Fair Value, Recurring \| Discount Rates [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Equity Warrants, Measurement Input	0.127
Weighted Average [Member] \| Level 3 \| Fair Value, Recurring \| Spread to 10 Year Treasury
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Equity Warrants, Measurement Input	0.045
Weighted Average [Member] \| Level 3 \| Fair Value, Recurring \| Discount Rates [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Equity Warrants, Measurement Input	0.087

Purchase Price Consideration (Details) - USD ($)
$ in Thousands

12 Months Ended

Nov. 30, 2023

Dec. 31, 2024

Dec. 31, 2025

$ 192,006

$ 181,103

Premises and equipment, net

26,331

182,936

Loans and leases, net

^[1]

23,542,303

24,787,067

142,546

146,698

Other assets

913,954

884,762

Deposits

27,191,909

27,843,357

Borrowings (including $113,634 and $118,838 at fair value, respectively)

1,391,814

2,063,819

Business Combination, Recognized Asset Acquired to Liability Assumed, Excess (Less), and Goodwill

$ 464,377

Goodwill, Transfers

198,627

15,894

(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)

$ 2,246,839

$ 2,454,058

Pacific Western Bank

Business Combination, Pro Forma Information [Line Items]

Business Combination, Consideration Transferred

663,004

335,300

Premises and equipment, net

2,182,988

Loans and leases, net

3,965,112

103,500

Other Intangible Assets, Net

145,500

Current and Deferred Tax Assets, net

209,100

Other assets

392,550

Total Assets Acquired

8,206,850

Deposits

6,547,659

Federal Home Loan Bank, Advance, Branch of FHLBank, Amount

794,000

Borrowings (including $113,634 and $118,838 at fair value, respectively)

257,600

Other Liabilities

143,214

Liabilities Assumed

7,742,473

(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)

$ 872,800

[1]	Excludes accrued interest receivable of $104.3 million and $96.8 million at December 31, 2025 and 2024, which is recorded in "Other assets" on the consolidated balance sheets.

Fair Value Option (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Option, Quantitative Disclosures [Line Items]
Borrowings - Credit-Link Notes	$ 114,900
Other Borrowings, Fair Value Disclosure	113,634	$ 118,838
Interest Expense, Operating and Nonoperating	699,267	886,655	$ 1,223,872
Credit-Link Notes
Fair Value, Option, Quantitative Disclosures [Line Items]
Secured Debt	2,200,000
Other Borrowings, Fair Value Disclosure	113,634	118,838	123,116	$ 132,030
Interest Expense, Operating and Nonoperating	$ 17,900	$ 19,800	$ 20,200

Revenue From Contracts With Customers Revenue From Contracts With Customers (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Revenue From Contracts With Customers [Abstract]
Revenue, Performance Obligation Satisfied At Point In Time	$ 15,849	$ 17,074	$ 15,761
Product and Services Transferred Over Time	22,946	20,150	18,006
Service charges on deposit accounts	$ 38,795	$ 37,224	$ 33,767

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-4

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-14

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-42

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-7

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 8: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 9: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479941/924-10-S99-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-40

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-4

Business Combinations

12 Months Ended

Dec. 31, 2025

Business Combination [Abstract]

Acquisitions

BUSINESS COMBINATIONS

On November 30, 2023, PacWest Bancorp merged with and into Banc of California, Inc., with Banc of California, Inc. continuing as the surviving legal corporation. Promptly following the Merger, Banc of California, Inc.’s wholly owned bank subsidiary, Banc of California, N.A., merged with and into PacWest Bancorp’s wholly owned bank subsidiary, Pacific Western Bank, with Pacific Western Bank surviving the merger. The name of the bank was then changed to Banc of California. Refer to "Note 1. Nature of Operations and Summary of Significant Accounting Policies" under the Basis of Financial Statement Presentation for more information pertaining to the completed Merger.

The Merger was accounted for as a reverse merger using the acquisition method of accounting; therefore, PacWest Bancorp was deemed the acquirer for financial reporting purposes, even though Banc of California, Inc. was the legal acquirer. The Merger was an all-stock transaction and has been accounted for as a business combination. Pursuant to the merger agreement, on the Merger Date, each holder of PacWest Bancorp common stock received 0.6569 of a share (the “Exchange Ratio”) of Banc of California, Inc.'s common stock for each share of PacWest Bancorp common stock held. Each outstanding share of common stock of Banc of California, Inc. remained outstanding. As of the Merger Date, PacWest Bancorp had approximately 120.0 million and Banc of California, Inc. had approximately 57.0 million shares of common stock outstanding. On the Merger Date, the shares of PacWest Bancorp common stock, which previously traded under the ticker symbol “PACW” on NASDAQ, ceased trading on, and were delisted from, NASDAQ. Following the Merger, Banc of California, Inc. common stock continues to trade on NYSE, with the ticker symbol of “BANC.”


	November 30, 2023
	Purchase Price Consideration:
	(In thousands)
Total merger consideration			$	663,004
Fair value of assets acquired:
Cash and due from banks	$	335,300
Investment securities available-for-sale	872,800
Loans and leases held for sale	2,182,988
Loans and leases held for investment, net of allowance for loan and lease losses	3,965,112
Premises and equipment	103,500
Other intangible assets	145,500
Current and deferred tax assets, net	209,100
Other assets	392,550
Total assets acquired	$	8,206,850
Fair value of liabilities assumed:
Deposits	$	6,547,659
FHLB advances	794,000
Long-term debt	257,600
Other liabilities	143,214
Total liabilities assumed	$	7,742,473
Net assets acquired			464,377
Goodwill			$	198,627

The estimates of fair value were recorded based on initial valuations available at the Merger Date and further adjusted in 2024 based on new information. In many cases, the determination of fair value required management to make estimates about discount rates, expected future cash flows, market conditions and other future events that were highly subjective in nature and subject to change. During the year ended December 31, 2024, the Company recorded adjustments related to the Merger resulting in an increase to goodwill of $15.9 million, within the one-year measurement period subsequent to the acquisition date of November 30, 2023. These adjustments largely related to the estimated fair value of acquired loans. The measurement period ended on the earlier of one year after the Merger Date or the date that the Company concluded that all necessary information about the facts and circumstances that existed as of the Merger Date had been obtained.

In connection with the Merger, the Company recorded $214.5 million of goodwill. Goodwill represents the excess of the purchase price over the fair value of the assets acquired, net of fair value of liabilities assumed. Information regarding the allocation of goodwill recorded as a result of the acquisition, as well as the carrying amounts and amortization of core deposit and other intangible assets, are provided in "Note 7. Goodwill and Other Intangible Assets, Net."

The entire disclosure for business combination.

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-8

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 38
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479303/805-10-55-38

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 46
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479303/805-10-55-46

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 43
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479303/805-10-55-43

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 45
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479303/805-10-55-45

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 29
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479303/805-10-55-29

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 29
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479303/805-10-55-29

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479907/805-20-50-5

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(1)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479907/805-20-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479907/805-20-50-3

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479581/805-30-50-3

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479907/805-20-50-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479581/805-30-50-2

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479581/805-30-50-1

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (f)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479581/805-30-50-1

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-3

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479581/805-30-50-1

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-2

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-4

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479581/805-30-50-4

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479907/805-20-50-1

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479907/805-20-50-1

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-2

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-2

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 40
-Name Accounting Standards Codification
-Section 45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479326/805-40-45-1

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 30
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/805-30/tableOfContent

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/805-20/tableOfContent

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-7

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-5

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/805-10/tableOfContent

Statement of Comprehensive Income [Abstract]

Consolidated Statements of Stockholders' Equity - USD ($)	Total	Share Repurchase Program	Dividend Reinvestment Plan	Voting Common Stock	Voting Common Stock Share Repurchase Program	Class B Non-Voting	Non-Voting Common Stock Equivalents	Non-Voting Common Stock Equivalents Capital Raise	Nonvoting Common Stock	Nonvoting Common Stock Share Repurchase Program	Private Capital	Pacific Western Bank	Preferred Stock	Common Stock Voting Common Stock	Common Stock Voting Common Stock Capital Raise	Common Stock Class B Non-Voting	Common Stock Non-Voting Common Stock Equivalents	Common Stock Private Capital Voting Common Stock	Common Stock Private Capital Non-Voting Common Stock Equivalents	Common Stock Pacific Western Bank Voting Common Stock	Common Stock Pacific Western Bank Class B Non-Voting	Additional Paid-in Capital	Additional Paid-in Capital Share Repurchase Program	Additional Paid-in Capital Dividend Reinvestment Plan	Additional Paid-in Capital Private Capital	Additional Paid-in Capital Pacific Western Bank	Retained Earnings	Accumulated Other Comprehensive (Loss) Income
Beginning balance at Dec. 31, 2022	$ 3,950,531,000													$ 1,230,000								$ 2,821,064,000					$ 1,420,624,000	$ (790,903,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income	(1,899,137,000)																										(1,899,137,000)
OCI, Debt Securities, Available-for-Sale, Gain (Loss), after Adjustment and Tax	358,789,000																											358,789,000
Shares Granted, Value, Share-Based Payment Arrangement, after Forfeiture	28,697,000													0								28,697,000
Restricted Stock Award, Forfeitures	(5,419,000)																					(5,419,000)
Dividends, Common Stock, Cash	(48,881,000)																					(48,881,000)
Proceeds from Subordinated Notes Offering													$ 0
Common stock ($0.01 par value, 158,557,735 shares issued and 158,346,529 outstanding at December 31, 2024 ; 157,651,752 shares issued and 156,790,349 outstanding at December 31, 2023)	382,900,000											$ 663,004,000								$ 130,000	$ 5,000					$ 662,869,000
Proceeds from Issuance of Private Placement											$ 382,900,000							$ 217,000	$ 108,000						$ 382,575,000
Dividends, Preferred Stock	$ (39,788,000)																										(39,788,000)
Preferred Stock, Dividends Per Share, Declared	$ 1.9380
Dividends declared per share (usd per share)	$ 0.53
Stock Issued During Period, Value, Stock Options Exercised								10,829,990							21,690,334					(57,157,632)	(477,321)
Ending balance at Dec. 31, 2023	$ 3,390,765,000												498,516,000	1,577,000								3,840,974,000					(518,301,000)	(432,114,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common Stock, Shares, Issued, Acquisitions							(10,829,990)
Net Income	126,888,000																										126,888,000
OCI, Debt Securities, Available-for-Sale, Gain (Loss), after Adjustment and Tax	77,334,000																											77,334,000
Shares Granted, Value, Share-Based Payment Arrangement, after Forfeiture	15,448,000													(1,000)								15,449,000
Restricted Stock Award, Forfeitures	(2,708,000)																					(2,708,000)
Dividends, Common Stock, Cash	(68,298,000)																					(68,298,000)
Common stock ($0.01 par value, 158,557,735 shares issued and 158,346,529 outstanding at December 31, 2024 ; 157,651,752 shares issued and 156,790,349 outstanding at December 31, 2023)	0
Proceeds from Issuance of Private Placement											$ 0
Conversion of Stock, Amount Issued				$ (10,000)			$ (10,000)
Stock Repurchased During Period, Value																						308,000
Dividends, Preferred Stock	$ (39,788,000)																										(39,788,000)
Preferred Stock, Dividends Per Share, Declared	$ 1.9380
Dividends declared per share (usd per share)	$ 0.40
Ending balance at Dec. 31, 2024	$ 3,499,949,000												498,516,000	1,586,000		$ 5,000	$ 98,000					3,785,725,000					(431,201,000)	(354,780,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common Stock, Shares, Issued, Acquisitions	(158,557,735)					(477,321)	(9,790,600)		(9,790,600)
Net Income	$ 228,973,000																										228,973,000
OCI, Debt Securities, Available-for-Sale, Gain (Loss), after Adjustment and Tax	85,519,000																											85,519,000
Shares Granted, Value, Share-Based Payment Arrangement, after Forfeiture	23,352,000													3,000								23,349,000
Restricted Stock Award, Forfeitures	(3,714,000)																					(3,714,000)
Stock Issued During Period, Value, Dividend Reinvestment Plan			$ 282,000																					$ 282,000
Dividends, Common Stock, Cash	(65,646,000)																					(65,646,000)
Common stock ($0.01 par value, 158,557,735 shares issued and 158,346,529 outstanding at December 31, 2024 ; 157,651,752 shares issued and 156,790,349 outstanding at December 31, 2023)	0
Conversion of Stock, Amount Issued				(47,000)			$ (47,000)
Conversion of Voting Common Stock to Non-Voting Common Stock Equivalents				$ (11,000)			$ 11,000
Stock Repurchased During Period, Value		$ 187,727,000			$ 125,000					$ 12,000													$ 187,590,000
Dividends, Preferred Stock	$ (39,788,000)																										(39,788,000)
Preferred Stock, Dividends Per Share, Declared	$ 1.9380
Dividends declared per share (usd per share)	$ 0.40
Ending balance at Dec. 31, 2025	$ 3,541,277,000												$ 498,516,000	$ 1,500,000		$ 5,000	$ 50,000					$ 3,552,483,000					$ (242,016,000)	$ (269,261,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common Stock, Shares, Issued, Acquisitions	(150,039,018)					(477,321)	(5,017,064)		(5,017,064)

Fair Value Measurements Assets and Liabilities Measured and Recorded (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Equity Securities, FV-NI	$ 2	$ 3
(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)	2,454,058	2,246,839
Other Borrowings, Fair Value Disclosure	113,634	118,838
Credit-Link Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Other Borrowings, Fair Value Disclosure	113,634	118,838	$ 123,116	$ 132,030
Fair Value, Recurring
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash Flow Hedge Derivative Instrument Assets at Fair Value	4,065
Warrants Not Settleable in Cash, Fair Value Disclosure	3,437	3,763
Cash Flow Hedge Derivative Instrument Liabilities at Fair Value		1,442
Derivative Liability, Fair Value of Collateral	4,156	7,562
(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)	2,454,058
Fair Value, Recurring \| Government agency and government-sponsored enterprise pass through securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)	834,085	861,840
Fair Value, Recurring \| Commercial Mortgage Backed Securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)	50,966	51,564
Fair Value, Recurring \| Government agency and government-sponsored enterprise collateralized mortgage obligations [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)	871,624	446,631
Fair Value, Recurring \| Municipal Securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)		594
Fair Value, Recurring \| Corporate Debt Securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)	241,596	257,712
Fair Value, Recurring \| Private Label Collateralized Mortgage Obligations [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)	228,975	316,910
Fair Value, Recurring \| Collateralized Loan Obligations [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)	200,822	279,416
Fair Value, Recurring \| Mortgage-backed Securities, Issued by Private Enterprises
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)	9,279	12,372
Fair Value, Recurring \| Asset-backed Securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)	13,249	15,600
Fair Value, Recurring \| SBA asset-backed securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)	3,462	4,200
Level 1 \| Fair Value, Recurring
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash Flow Hedge Derivative Instrument Assets at Fair Value	0
Warrants Not Settleable in Cash, Fair Value Disclosure	0	0
Cash Flow Hedge Derivative Instrument Liabilities at Fair Value		0
Derivative Liability, Fair Value of Collateral	0	0
Equity Securities, FV-NI	2	3
(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)	0	0
Other Borrowings	0	0
Level 1 \| Fair Value, Recurring \| Government agency and government-sponsored enterprise pass through securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)	0	0
Level 1 \| Fair Value, Recurring \| Commercial Mortgage Backed Securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)	0	0
Level 1 \| Fair Value, Recurring \| Government agency and government-sponsored enterprise collateralized mortgage obligations [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)	0	0
Level 1 \| Fair Value, Recurring \| Municipal Securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)		0
Level 1 \| Fair Value, Recurring \| Corporate Debt Securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)	0	0
Level 1 \| Fair Value, Recurring \| Private Label Collateralized Mortgage Obligations [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)	0	0
Level 1 \| Fair Value, Recurring \| Collateralized Loan Obligations [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)	0	0
Level 1 \| Fair Value, Recurring \| Mortgage-backed Securities, Issued by Private Enterprises
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)	0	0
Level 1 \| Fair Value, Recurring \| Asset-backed Securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)	0	0
Level 1 \| Fair Value, Recurring \| SBA asset-backed securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)	0	0
Level 2 \| Fair Value, Recurring
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash Flow Hedge Derivative Instrument Assets at Fair Value	4,065
Warrants Not Settleable in Cash, Fair Value Disclosure	0	0
Cash Flow Hedge Derivative Instrument Liabilities at Fair Value		1,442
Derivative Liability, Fair Value of Collateral	4,156	7,562
Equity Securities, FV-NI	0	0
(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)	2,451,688	2,244,709
Other Borrowings	0	0
Level 2 \| Fair Value, Recurring \| Government agency and government-sponsored enterprise pass through securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)	834,085	861,840
Level 2 \| Fair Value, Recurring \| Commercial Mortgage Backed Securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)	50,966	51,564
Level 2 \| Fair Value, Recurring \| Government agency and government-sponsored enterprise collateralized mortgage obligations [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)	871,624	446,631
Level 2 \| Fair Value, Recurring \| Municipal Securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)		594
Level 2 \| Fair Value, Recurring \| Corporate Debt Securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)	239,226	255,582
Level 2 \| Fair Value, Recurring \| Private Label Collateralized Mortgage Obligations [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)	228,975	316,910
Level 2 \| Fair Value, Recurring \| Collateralized Loan Obligations [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)	200,822	279,416
Level 2 \| Fair Value, Recurring \| Mortgage-backed Securities, Issued by Private Enterprises
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)	9,279	12,372
Level 2 \| Fair Value, Recurring \| Asset-backed Securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)	13,249	15,600
Level 2 \| Fair Value, Recurring \| SBA asset-backed securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)	3,462	4,200
Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Warrants Not Settleable in Cash, Fair Value Disclosure	3,437	3,763	$ 3,689	$ 4,048
Level 3 \| Fair Value, Recurring
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash Flow Hedge Derivative Instrument Assets at Fair Value	0
Warrants Not Settleable in Cash, Fair Value Disclosure	3,437	3,763
Cash Flow Hedge Derivative Instrument Liabilities at Fair Value		0
Derivative Liability, Fair Value of Collateral	0	0
Equity Securities, FV-NI	0	0
(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)	2,370	2,130
Other Borrowings	113,634	118,838
Level 3 \| Fair Value, Recurring \| Government agency and government-sponsored enterprise pass through securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)	0	0
Level 3 \| Fair Value, Recurring \| Commercial Mortgage Backed Securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)	0	0
Level 3 \| Fair Value, Recurring \| Government agency and government-sponsored enterprise collateralized mortgage obligations [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)	0	0
Level 3 \| Fair Value, Recurring \| Municipal Securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)		0
Level 3 \| Fair Value, Recurring \| Corporate Debt Securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)	2,370	2,130
Level 3 \| Fair Value, Recurring \| Private Label Collateralized Mortgage Obligations [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)	0	0
Level 3 \| Fair Value, Recurring \| Collateralized Loan Obligations [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)	0	0
Level 3 \| Fair Value, Recurring \| Mortgage-backed Securities, Issued by Private Enterprises
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)	0	0
Level 3 \| Fair Value, Recurring \| Asset-backed Securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)	0	0
Level 3 \| Fair Value, Recurring \| SBA asset-backed securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)	$ 0	$ 0

Revenue From Contracts With Customers Revenue From Contracts With Customers (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Revenue From Contracts With Customers [Abstract]
Contract With Customer, Receivable Reclassified to Other Assets	$ 2,147	$ 1,679
Contract with Customer, Asset, Reclassified to Receivable	0	0
Contract With Customer, Liabilities Reclassified to Other Assets	$ 279	$ 348

Stockholders' Equity Narrative (Details)			3 Months Ended			12 Months Ended
Stockholders' Equity Narrative (Details)	Nov. 30, 2023 USD ($) shares	Jun. 06, 2022 USD ($) $ / shares shares	Dec. 31, 2025 USD ($) $ / shares shares	Sep. 30, 2025 USD ($) $ / shares shares	Jun. 30, 2025 USD ($) $ / shares	Dec. 31, 2025 USD ($) $ / shares shares	Dec. 31, 2024 USD ($) $ / shares shares	Dec. 31, 2023 USD ($) $ / shares	Apr. 23, 2025 USD ($)	Mar. 17, 2025 USD ($)	Dec. 31, 2022 USD ($)	Apr. 30, 2021 USD ($)
Class of Stock [Line Items]
Total stockholders' equity			$ 3,541,277,000			$ 3,541,277,000	$ 3,499,949,000	$ 3,390,765,000			$ 3,950,531,000
Net Income (Loss) Available to Common Stockholders, Diluted						(189,185,000)	(87,100,000)	1,938,925,000
Net Income (Loss) Available to Common Stockholders, Basic						(189,185,000)	(87,100,000)	1,938,925,000
Common Shares Surrendered			$ 3,714,000			$ 3,714,000	$ 2,708,000	$ 5,421,000
Common Stock Acquired, Average Cost Per Share \| $ / shares						$ 14.61	$ 14.42	$ 23.76
Preferred Stock, Shares Issued \| shares		20,530,000	513,250			513,250	513,250
Preferred Stock, Par or Stated Value Per Share \| $ / shares		$ 0.01
Preferred Stock Depository Share			$ 25.00			$ 25.00
Preferred Stock, Liquidation Preference Per Share \| $ / shares		$ 1,000
Payments of Stock Issuance Costs		$ 14,700,000
Stock Issued During Period, Value, New Issues		513,300,000
Net proceeds from preferred stock offering		$ 498,500,000
Preferred Stock, Ownership Interest, Percentage		0.025
Net earnings (loss)						$ 228,973,000	$ 126,888,000	$ (1,899,137,000)
Preferred Stock, Shares Outstanding \| shares			513,250			513,250	513,250
Common Stock, Shares, Issued, Acquisitions \| shares			150,039,018			150,039,018	158,557,735
Common Stock, Shares, Outstanding \| shares			149,963,520			149,963,520	158,346,529
Preferred Stock, Shares Authorized \| shares	50,000,000
Class of Warrant or Right, Exercise Price of Warrants or Rights \| $ / shares			$ 24.60			$ 24.60
Sale of Stock, Number of Shares Issued in Transaction \| shares						1,150,000
Stock Repurchase Plan - March 17, 2025
Class of Stock [Line Items]
Common Stock Acquired, Average Cost Per Share \| $ / shares					$ 14.36
Share Repurchase Program, Authorized, Amount										$ 150,000,000.0
Stock Repurchased During Period, Value					$ 38,500,000
Share Repurchase Program, Remaining Authorized, Amount			$ 114,500,000			$ 114,500,000
Stock Repurchase Plan - April 23, 2025
Class of Stock [Line Items]
Common Stock Acquired, Average Cost Per Share \| $ / shares			$ 16.48	$ 12.65		$ 13.59
Share Repurchase Program, Authorized, Amount									$ 300,000,000.0
Stock Repurchased During Period, Value			$ 35,500,000	$ 111,500,000		$ 185,500,000
Stock Repurchased During Period, Shares \| shares				8,809,814		13,648,429
Warburg Investors
Class of Stock [Line Items]
Sale of Stock, Percentage of Ownership after Transaction						9.63%
Centerbridge Investor
Class of Stock [Line Items]
Common Stock, Warrants Issued, Per Share Price	$ 15.375
BANC
Class of Stock [Line Items]
Common Stock, Shares, Outstanding \| shares			158,346,529			158,346,529
Common Stock, Shares Authorized \| shares			446,863,844			446,863,844
April 30, 2021 Issuance
Class of Stock [Line Items]
Subordinated debt												$ 400,000,000
Preferred Class A
Class of Stock [Line Items]
Investment Interest Rate		7.75%
Preferred Class A \| Pacific Western Bank
Class of Stock [Line Items]
Investment Interest Rate		7.75%
Class B Non-Voting
Class of Stock [Line Items]
Net Income (Loss) Available to Common Stockholders, Basic						$ (565,000)	$ (246,000)	$ 920,000
Common Stock, Shares, Issued, Acquisitions \| shares			477,321			477,321	477,321
Common Stock, Shares, Outstanding \| shares			477,321			477,321
Common Stock, Shares Authorized \| shares			3,136,156			3,136,156
NVCE Non-voting Share Class
Class of Stock [Line Items]
Common Stock, Shares, Outstanding \| shares			9,790,600			9,790,600	9,790,600
Preferred Stock, Shares Authorized \| shares			27,000,000			27,000,000	5,017,064
Sale of Stock, Price Per Share \| $ / shares			$ 16.38			$ 16.38
NVCE Non-voting Share Class \| Warburg Investors
Class of Stock [Line Items]
Common Stock, Shares, Issued, Acquisitions \| shares	15,853,659
NVCE Non-voting Share Class \| Centerbridge Investor
Class of Stock [Line Items]
Common Stock, Shares, Issued, Acquisitions \| shares	3,048,780

Premises and Equipment, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Premises and Equipment, Net [Abstract]
Land	$ 8,874	$ 8,874
Buildings and Improvements	95,327	95,410
Furniture and Fixtures	65,648	52,274
Leasehold Improvements	74,298	78,326
Property, Plant and Equipment, Gross	244,147	234,884
Accumulated Depreciation and Amortization	(97,449)	(92,338)
Property, Plant and Equipment, Net	$ 146,698	$ 142,546

Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Dec. 31, 2023

Net earnings (loss)

$ 228,973

$ 126,888

$ (1,899,137)

Unrealized net holding gains on securities available-for-sale arising during the year

88,224

11,987

16,525

Income tax expense related to net unrealized holding gains arising during the year

(24,777)

(3,057)

(3,938)

Unrealized net holding gains on securities available-for-sale, net of tax

63,447

8,930

12,587

Reclassification adjustment for net losses included in net earnings (1)

^[1]

60,400

442,413

Income tax benefit related to reclassification adjustment

(17,143)

(120,797)

Reclassification adjustment for net losses included in net earnings, net of tax

43,257

321,616

OCI, Debt Securities, Available-for-Sale, Transfer to Held-to-Maturity, Adjustment from AOCI for Amortization of Gain (Loss), before Tax1

33,938

32,815

31,895

OCI, Debt Securities, Available-for-Sale, Transfer to Held-to-Maturity, Adjustment from AOCI for Amortization of Gain (Loss), Tax

(9,492)

(9,312)

(8,835)

Other comprehensive income, net of tax

85,519

77,334

358,789

Comprehensive income (loss)

314,492

204,222

(1,540,348)

Amortization of Unrealized Net Loss on Securities Transferred From Available-For-Sale to Held-to-Maturity, net of tax

24,446

23,503

23,060

Change In Fair Value of Credit-linked Notes

868

(2,589)

7,794

Income Tax Expense Related to Change In Fair Value of Credit-linked Notes

(209)

760

(2,211)

Change In Fair Value of Credit-linked Notes, Net of Tax

659

(1,829)

5,583

Unrealized Gain (Loss) on Price Risk Cash Flow Derivatives, before Tax

(4,186)

4,897

(5,714)

Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Tax

1,153

(1,424)

1,657

Unrealized Gain (Loss) on Cash Flow Hedging Instruments (Deprecated 2025)

$ (3,033)

$ 3,473

$ (4,057)

[1]	Entire amount recognized in "Loss on sale of securities" on the Consolidated Statements of Earnings (Loss).

Dividend Availability and Regulatory Matters Dividend Availability and Regulatory Matters (Details Textual) - USD ($) $ in Thousands	12 Months Ended			36 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Apr. 30, 2021
Compliance with Regulatory Capital Requirements for Mortgage Companies [Line Items]
Net earnings (loss)	$ 228,973	$ 126,888	$ (1,899,137)
Proceeds from Dividends Received	430,000
Retained deficit	$ (242,016)	(431,201)		$ (431,201)
Capital Required to be Well Capitalized to Risk Weighted Assets	10.00%
Tier One Risk Based Capital Required to be Well Capitalized to Risk Weighted Assets	8.00%
Banking Regulation, Common Equity Tier 1 Risk-Based Capital Ratio, Well Capitalized, Minimum	6.50%
Tier One Leverage Capital Required to be Well Capitalized to Average Assets	5.00%
Deferred tax asset, net	$ 656,755	$ 720,587		720,587
April 30, 2021 Issuance
Compliance with Regulatory Capital Requirements for Mortgage Companies [Line Items]
Subordinated debt					$ 400,000
Pacific Western Bank
Compliance with Regulatory Capital Requirements for Mortgage Companies [Line Items]
Net earnings (loss)				(1,400,000)
Payments of Ordinary Dividends				$ 556,000
Retained deficit	$ (269,300)
Bank of California, inc.
Compliance with Regulatory Capital Requirements for Mortgage Companies [Line Items]
Capital Required to be Well Capitalized to Risk Weighted Assets		10.00%		10.00%
Tier One Risk Based Capital Required to be Well Capitalized to Risk Weighted Assets		6.00%		6.00%
Banking Regulation, Capital Conservation Buffer, Common Equity Tier 1 Risk-Based Capital, Actual		7.00%		7.00%
Banking Regulation, Capital Conservation Buffer, Tier 1 Risk-Based Capital, Actual		8.50%		8.50%
Banking Regulation, Capital Conservation Buffer, Total Risk-Based Capital, Actual		10.50%		10.50%
Common Equity Tier One Capital Ratio	10.01%	10.55%		10.55%

Investment Securities - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Investments, Debt and Equity Securities [Abstract]
FRB and FHLB stock, at cost	$ 160,442	$ 147,773
Net Investment Income [Line Items]
FRB and FHLB stock, at cost	160,442	147,773
Debt Securities, Available-for-Sale, Allowance for Credit Loss	775	$ 0
Corporate Debt Securities [Member]
Net Investment Income [Line Items]
Debt Securities, Available-for-Sale, Allowance for Credit Loss	775
Available-for-sale Securities
Investments, Debt and Equity Securities [Abstract]
Available For Sale Securities Pledged As Collateral Amortized Cost	3,500
Net Investment Income [Line Items]
Available For Sale Securities Pledged As Collateral Amortized Cost	3,500
Held-to-maturity Securities
Net Investment Income [Line Items]
Debt Securities, Held-to-Maturity, Restricted	2,300,000
Asset Pledged as Collateral
Net Investment Income [Line Items]
Debt Securities, Held-to-Maturity, Restricted	$ 2,200,000

Consolidated Balance Sheets - USD ($)
$ in Thousands

Dec. 31, 2025

Dec. 31, 2024

ASSETS:

Interest-earning deposits in financial institutions

$ 181,103

$ 192,006

2,126,862

2,310,206

Total cash, cash equivalents, and restricted cash

2,307,965

2,502,212

(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $—, respectively)

2,454,058

2,246,839

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, after Allowance for Credit Loss

2,308,636

^[1]

2,306,149

FRB and FHLB stock, at cost

160,442

147,773

Total investment securities

4,923,136

4,700,761

Loans and leases held for investment

182,936

26,331

25,032,679

23,781,663

Allowance for loan and lease losses

245,612

239,360

Loans and leases held for investment, net

^[2]

24,787,067

23,542,303

Equipment leased to others under operating leases

238,232

307,188

Premises and equipment, net

146,698

142,546

Bank owned life insurance

350,083

339,517

Deferred tax asset, net

656,755

720,587

Goodwill

214,521

Intangible assets, net

105,287

132,944

Other assets

884,762

913,954

Total assets

34,797,442

33,542,864

LIABILITIES:

Noninterest-bearing deposits

7,822,787

7,719,913

Interest-bearing deposits

20,020,570

19,471,996

Total deposits

27,843,357

27,191,909

Borrowings (including $113,634 and $118,838 at fair value, respectively)

2,063,819

1,391,814

Subordinated debt

952,740

941,923

Accrued interest payable and other liabilities

396,249

517,269

Total liabilities

31,256,165

30,042,915

Commitments and contingencies (Note 13)

Preferred Stock, Value, Issued

$ 498,516

Additional paid-in capital

149,963,520

158,346,529

$ 3,552,483

$ 3,785,725

Retained deficit

(242,016)

(431,201)

Accumulated other comprehensive loss, net

(269,261)

(354,780)

Total stockholders' equity

3,541,277

3,499,949

Total liabilities and stockholders' equity

34,797,442

33,542,864

Common Stock

Common stock ($0.01 par value, 150,039,018 shares issued and 149,963,520 outstanding at December 31, 2025 ; 158,557,35 shares issued and 158,346,529 outstanding at December 31, 2024)

$ 1,500

1,586

Class B Non-Voting

Common stock ($0.01 par value, 150,039,018 shares issued and 149,963,520 outstanding at December 31, 2025 ; 158,557,35 shares issued and 158,346,529 outstanding at December 31, 2024)

477,321

$ 5

Nonvoting Common Stock

Common stock ($0.01 par value, 150,039,018 shares issued and 149,963,520 outstanding at December 31, 2025 ; 158,557,35 shares issued and 158,346,529 outstanding at December 31, 2024)

$ 50

$ 98

[1]	Excludes accrued interest receivable of $13.4 million at December 31, 2025 which is recorded in "Other assets" on the consolidated balance shee
[2]	Excludes accrued interest receivable of $104.3 million and $96.8 million at December 31, 2025 and 2024, which is recorded in "Other assets" on the consolidated balance sheets.

Stock-Based Compensation

12 Months Ended

Dec. 31, 2025

Share-Based Payment Arrangement [Abstract]

Stock-Based Compensation

NOTE 19. STOCK-BASED COMPENSATION

At the special meeting of stockholders held on November 22, 2023, the Company's stockholders approved the Amended and Restated Banc of California, Inc. 2018 Stock Incentive Plan (the “Amended and Restated 2018 Plan”). The Company’s Amended and Restated 2018 Plan permits stock-based compensation awards to officers, directors, employees, and consultants and will remain in effect until November 30, 2033. The Amended and Restated 2018 Plan authorizes grants of stock-based compensation instruments to purchase or issue up to 10,717,882 shares. As of December 31, 2025, there were 3,555,357 shares available for grant under the Amended and Restated 2018 Plan. In addition to the Amended and Restated 2018 Plan, in connection with the Merger, the Company assumed the Amended and Restated PacWest Bancorp 2017 Stock Incentive Plan (the "PacWest 2017 Plan") with respect to PacWest's outstanding stock-based awards.

Restricted Stock (RSUs, TRSAs and PSUs)

Restricted stock amortization totaled $22.8 million, $14.5 million, and $27.4 million for the years ended December 31, 2025, 2024, and 2023. Such amounts are included in compensation expense on the accompanying consolidated statements of earnings (loss) and exclude $885,000, $944,000, and $1,305,000 of stock-based compensation expense for the years ended December 31, 2025, 2024, and 2023 related to our directors, which is included in other expense on the accompanying consolidated statements of earnings (loss). The income tax benefit recognized in the consolidated statements of earnings (loss) related to this expense was $6.1 million, $3.6 million, and $3.9 million for the years ended December 31, 2025, 2024, and 2023. The amount of unrecognized compensation expense related to all RSUs, TRSAs, and PSUs as of December 31, 2025 totaled $44.0 million. Such expense is expected to be recognized over a weighted average period of 2.4 years.

The following table presents a summary of restricted stock transactions during the year ended December 31, 2025:


	RSUs		TRSAs		PSUs
		Weighted		Weighted		Weighted
		Average		Average		Average
	Number	Grant Date	Number	Grant Date	Number	Grant Date
	of	Fair Value	of	Fair Value	of	Fair Value
Year Ended December 31, 2025	Units	(Per Unit)	Shares	(Per Share)	Units	(Per Unit)
Unvested restricted stock, beginning of year	1,759,335	$12.98	211,206	$51.27	2,283,531	$9.07
Granted	1,630,631	$14.62	—	—	328,935	$15.72
Vested	592,387	$15.22	129,716	$53.94	—	—
Forfeited	240,243	$14.59	5,992	$50.49	307,841	$8.77
Unvested restricted stock, end of year	2,557,336	$14.59	75,498	$46.75	2,304,625	$10.06

Restricted Stock Units and Time-Based Restricted Stock Awards

At December 31, 2025, there were 2,557,336 shares of unvested RSUs outstanding pursuant to the Amended and Restated 2018 Plan. At December 31, 2025, there were 75,498 shares of unvested TRSAs outstanding pursuant to the PacWest 2017 Plan. The RSUs and TRSAs generally vest over a service period of three or four years from the date of the grant or immediately upon death of an employee. Compensation expense related to RSUs and TRSAs is based on the fair value of the underlying stock on the award date and is recognized over the vesting period using the straight‑line method. TRSAs were assumed by the Company in connection with the Merger and continue to vest in accordance with the original vesting schedule of the awards.

TRSA grants are subject to “double-trigger” vesting in the event of a change in control of the Company, as defined in the PacWest 2017 Plan, and in the event an employee's employment is terminated within 24 months after the change in control by the Company without Cause or by the employee for Good Reason, as defined in the PacWest 2017 Stock Plan, such awards will vest.

There were no TRSAs granted in 2025 and 2024. The weighted average grant date fair value per share of TRSAs granted during 2023 was $41.49. The weighted average grant date fair value per share of RSUs granted during 2025 and 2024 was $14.62 and $14.32. The vesting date fair value of TRSAs that vested during 2025, 2024, and 2023 was $1.8 million, $6.0 million, and $14.0 million. The vesting date fair value of RSUs that vested during 2025 and 2024 was $8.7 million and $3.8 million.

Performance Stock Units

At December 31, 2025, there were 2,304,625 units of unvested PSUs outstanding. Compensation expense related to PSUs is based on the fair value of the underlying stock on the award date and is amortized over the vesting period using the straight-line method unless it is determined that: (1) attainment of the financial metrics is less than probable, in which case a portion of the amortization is suspended, or (2) attainment of the financial metrics is improbable, in which case a portion of the previously recognized amortization is reversed and also suspended. Annual PSU expense may vary during the performance period based upon changes in management's estimate of the number of shares that may ultimately vest. In the case where the performance target for the PSU’s is based on a market condition (such as total shareholder return), the amortization is neither reversed nor suspended if it is subsequently determined that the attainment of the performance target is less than probable or improbable and the employee continues to meet the service requirement of the award.

The weighted average grant date fair value per share of PSUs granted during 2025, 2024, and 2023 was $15.72, $9.00, and $48.41. There were no PSUs that vested in 2025 and 2024. The vesting date fair value of PSUs that vested during 2023 was $0.6 million.

Earnings (Loss) Per Share

12 Months Ended

Dec. 31, 2025

Earnings Per Share [Abstract]

Earnings (Loss) Per Share

NOTE 17. EARNINGS (LOSS) PER SHARE

The following tables present the computation of basic and diluted net earnings (loss) per share for the years indicated:


	Year Ended December 31, 2025
					Non-Voting
			Class B		Common
	Voting		Non-Voting		Stock
	Common		Common		Equivalents		Total
	(In thousands, except per share amounts)
Basic Earnings Per Share: (1)
Net earnings available to common and equivalent stockholders	$	179,149	$	565	$	9,471	$	189,185
Less: Earnings allocated to unvested restricted stock (2)	(130)		—		—		(130)
Net earnings allocated to common and equivalent shares	$	179,019	$	565	$	9,471	$	189,055

Weighted average basic shares and unvested restricted stock outstanding	151,456		477		8,001		159,934
Less: weighted average unvested restricted stock outstanding	(127)		—		—		(127)
Weighted average basic shares outstanding	151,329		477		8,001		159,807

Basic earnings per share	$	1.18	$	1.18	$	1.18	$	1.18

Diluted Earnings Per Share: (3)
Net earnings available to common and equivalent stockholders	$	179,149	$	565	$	9,471	$	189,185
Reallocation of net earnings as a result of conversion of NVCE to Voting Common	9,471		—		—		—
Reallocation of net earnings	7		(7)		1,234		—
Net earnings for diluted earnings per share	$	188,627	$	558	$	10,705	$	189,185

Weighted average diluted shares outstanding	152,096		477		9,151		161,724
Conversion on NVCE to Voting Common	9,151		—		—		—
Shares used in computation of diluted earnings per share	161,247		477		9,151		161,724

Diluted earnings per share	$	1.17	$	1.17	$	1.17	$	1.17

______________________________

(1) Basic earnings per share is using the two-class method.

(2) Represents cash dividends paid to holders of unvested restricted stock, net of forfeitures, plus undistributed earnings available to holders of unvested restricted stock, if any.

(3) Diluted earnings per share is using the treasury method.


	Year Ended December 31, 2024
					Non-Voting
			Class B		Common
	Voting		Non-Voting		Stock
	Common		Common		Equivalents		Total
	(In thousands, except per share amounts)
Basic Earnings Per Share: (1)
Net earnings available to common and equivalent stockholders	$	81,619	$	246	$	5,235	$	87,100
Less: Earnings allocated to unvested restricted stock (2)	58		—		—		58
Net earnings allocated to common and equivalent shares	$	81,677	$	246	$	5,235	$	87,158

Weighted average basic shares and unvested restricted stock outstanding	158,321		477		10,123		168,921
Less: weighted average unvested restricted stock outstanding	(480)		—		—		(480)
Weighted average basic shares outstanding	157,841		477		10,123		168,441

Basic earnings per share	$	0.52	$	0.52	$	0.52	$	0.52

Diluted Earnings Per Share: (3)
Net earnings allocated to common and equivalent shares	$	81,619	$	246	$	5,235	$	87,100
Weighted average diluted shares outstanding	158,084		477		10,123		168,684
Diluted earnings per share	$	0.52	$	0.52	$	0.52	$	0.52

______________________________

(1) Basic earnings per share is using the two-class method.

(2) Represents cash dividends paid to holders of unvested restricted stock, net of forfeitures, plus undistributed earnings available to holders of unvested restricted stock, if any.

(3) Diluted earnings per share is using the treasury method.


	Year Ended December 31, 2023
					Non-Voting
			Class B		Common
	Voting		Non-Voting		Stock
	Common		Common		Equivalents		Total
	(In thousands, except per share amounts)
Basic Loss Per Share:
Net loss available to common and equivalent stockholders	$	(1,917,121)	$	(920)	$	(20,884)	$	(1,938,925)
Less: Earnings allocated to unvested restricted stock (1)	—		—		—		—
Net loss allocated to common and equivalent shares	$	(1,917,121)	$	(920)	$	(20,884)	$	(1,938,925)

Weighted average basic shares and unvested restricted stock outstanding	85,603		40		920		86,563
Less: weighted average unvested restricted stock outstanding	(1,169)		—		—		(1,169)
Weighted average basic shares outstanding	84,434		40		920		85,394

Basic loss per share	$	(22.71)	$	(22.71)	$	(22.71)	$	(22.71)

Diluted Loss Per Share: (2)
Net loss allocated to common and equivalent shares	$	(1,917,121)	$	(920)	$	(20,884)	$	(1,938,925)
Weighted average diluted shares outstanding	84,434		40		920		85,394
Diluted loss per share	$	(22.71)	$	(22.71)	$	(22.71)	$	(22.71)

______________________________

(1) Represents cash dividends paid to holders of unvested restricted stock, net of forfeitures, plus undistributed earnings available to holders of unvested restricted stock, if any.

(2) Diluted earnings per share is using the two-class method.


	Year Ended December 31,
	2025	2024	2023
	(In thousands)
Restricted stock awards and units	127	480	1,169
Warrants	—	18,902	1,605

Leases

12 Months Ended

Dec. 31, 2025

Leases [Abstract]

Lessee, Operating Leases

NOTE 9. LEASES

We determine if an arrangement is a lease at inception by assessing whether there is an identified asset, and whether the contract conveys the right to control the use of the identified asset for a period of time in exchange for consideration. ASC Topic 842 also requires a lessee to classify a lease as either finance or operating.

ROU assets represent a lessee's right to use an underlying asset for the lease term and lease liabilities represent a lessee's obligation to make lease payments arising from the lease. We amortize the operating lease ROU assets and record interest expense on the operating lease liabilities over the lease terms.

Operating leases with a term of more than one year are included in operating lease ROU assets and operating lease liabilities, which are reported in "Other assets" and "Accrued interest payable and other liabilities" on the Company's consolidated balance sheets. Short-term leases (initial term of less than 12 months) are not recorded on the balance sheet and lease expense is recognized on a straight-line basis over the lease term. We have lease agreements with lease and non-lease components, which are accounted for as a single lease component. Most leases include one or more options to renew, with renewal terms that can extend the lease from one to ten years. The exercise of lease renewal options is at our sole discretion. Some of our leases also include termination options. We have determined that we do not meet the reasonably certain threshold to exercise any renewal or termination options, therefore our lease terms do not reflect any optional periods. We rent or sublease certain office space to third parties. Our subleases consist of operating leases for offices that we have fully or partially vacated.

Certain of our lease agreements also include rental payments that adjust periodically based on changes in the CPI. We initially measured our lease payments using the index at the lease commencement date. Subsequent increases in the CPI are treated as variable lease payments and recognized in the period in which the obligation for those payments is incurred. The ROU assets and lease liabilities are not re-measured as a result of changes in the CPI. Our lease agreements do not contain any purchase options, residual value guarantees, or restrictive covenants.

Operating Leases as a Lessee

Our lease expense is a component of "Occupancy expense" on our consolidated statements of earnings (loss). The following table presents the components of lease expense for the years indicated:


	Year Ended December 31,
	2025		2024		2023
	(In thousands)
Operating Lease Expense:
Fixed costs	$	28,350	$	33,298	$	33,672
Variable costs	250		524		217
Short-term lease costs	911		625		831
Sublease income	(4,465)		(4,753)		(2,081)
Net lease expense	$	25,046	$	29,694	$	32,639

The following table presents supplemental cash flow information related to leases for the years indicated:


	Year Ended December 31,
	2025		2024		2023
	(In thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	31,881	$	37,333	$	37,064
ROU assets obtained in exchange for lease obligations:
Operating leases	$	26,723	$	5,429	$	39,985

The following table presents supplemental balance sheet and other information related to operating leases as of the date indicated:


	December 31,
	2025			2024
	(Dollars in thousands)
Operating leases:
Operating lease right-of-use assets, net	$	99,205		$	100,092
Operating lease liabilities	$	120,587		$	124,355

Weighted average remaining lease term (in years)	5.8			5.9
Weighted average discount rate	3.79		%	3.53		%

The following table presents the maturities of operating lease liabilities as of the date indicated:


	December 31, 2025
	(In thousands)
Year Ending December 31,
2026	$	30,685
2027	24,920
2028	21,293
2029	17,593
2030	13,910
Thereafter	26,669
Total operating lease liabilities	135,070
Less: Imputed interest	(14,483)
Present value of operating lease liabilities	$	120,587

Operating Leases as a Lessor

We provide equipment financing to our customers through operating leases where we facilitate the purchase of equipment leased to our customers. The equipment is shown on our consolidated balance sheets as "Equipment leased to others under operating leases" and is depreciated to its estimated residual value at the end of the lease term, shown as "Leased equipment depreciation" in the consolidated statements of earnings (loss), according to our Fixed Asset Accounting Policy. We receive periodic rental income payments under the leases, which are recorded as "Leased equipment income" in the consolidated statements of earnings (loss). The valuation of equipment is tested periodically for impairment. No impairment was recorded on "Equipment leased to others under operating leases" for the years ended December 31, 2025 and 2024.

The following table presents the contractual rental payments to be received on operating leases as of the date indicated:


	December 31, 2025
	(In thousands)
Year Ending December 31,
2026	$	32,163
2027	28,762
2028	26,849
2029	24,917
2030	18,248
Thereafter	27,737
Total undiscounted cash flows	$	158,676

Revenue From Contracts With Customers Revenue From Contracts With Customers (Notes)

12 Months Ended

Dec. 31, 2025

Revenue From Contracts With Customers [Abstract]

Revenue From Contracts With Customers

REVENUE FROM CONTRACTS WITH CUSTOMERS

Revenue from contracts with customers is measured based on the consideration specified in the contract with a customer, and excludes amounts collected on behalf of third parties. The Company recognizes revenue from contracts with customers when it satisfies its performance obligations. Such performance obligations are typically satisfied as services are rendered and payment is generally collected at the time services are rendered, or on a monthly, quarterly, or annual basis. The Company had no material unsatisfied performance obligations as of December 31, 2025.

In certain cases, other parties are involved with providing products and services to our customers. If the Company is a principal in the transaction (providing goods or services itself), revenues are reported based on the gross consideration received from the customer and any related expenses are reported gross in noninterest expense. If the Company is an agent in the transaction (arranging for another party to provide goods or services), the Company reports its net fee or commission retained as revenue. Rebates, waivers, and reversals are recorded as a reduction of revenue either when the revenue is recognized by the Company or at the time the rebate, waiver, or reversal is earned by the customer.

The Company has elected the following practical expedients: (1) we do not disclose information about remaining performance obligations that have original expected durations of one year or less; and (2) we do not adjust the consideration from customers for the effects of a significant financing component if at contract inception the period between when the Company transfers the goods or services and when the customer pays for that good or service will be one year or less.

Nature of Goods and Services

Substantially all of the Company's revenue, such as interest income on loans, investment securities, and interest-earning deposits in financial institutions, is specifically out-of-scope of ASC Topic 606. For the revenue that is in-scope, the following is a description of principal activities, separated by the timing of revenue recognition, from which the Company generates its revenue from contracts with customers:

•Revenue earned at a point in time. Examples of revenue earned at a point in time are ATM transaction fees, wire transfer fees, NSF fees, and credit and debit card interchange fees. Revenue is generally derived from transactional information accumulated by our systems and is recognized as revenue immediately as the transactions occur or upon providing the service to complete the customer's transaction. The Company is the principal in each of these contracts with the exception of credit and debit card interchange fees, in which case the Company is acting as the agent and records revenue net of expenses paid to the principal.

•Revenue earned over time. The Company earns certain revenue from contracts with customers monthly. Examples of this type of revenue are deposit account service fees, investment management fees, merchant referral services, MasterCard marketing incentives, and safe deposit box fees. Account service charges, management fees, and referral fees are recognized on a monthly basis while any transaction-based revenue is recorded as the activity occurs. Revenue is primarily based on the number and type of transactions and is generally derived from transactional information accumulated by our systems. Revenue is recorded in the same period as the related transactions occur or services are rendered to the customer.

Disaggregation of Revenue

The following table presents "Interest income" and "Noninterest income," the components of total revenue, as disclosed in the consolidated statements of earnings (loss) and the related amounts which are from contracts with customers within the scope of ASC Topic 606. As illustrated here, substantially all of our revenue is specifically excluded from the scope of ASC Topic 606.


	Year Ended December 31,
	2025				2024				2023
	Total		Revenue from		Total		Revenue from		Total		Revenue from
	Recorded		Contracts with		Recorded		Contracts with		Recorded		Contracts with
	Revenue		Customers		Revenue		Customers		Revenue		Customers
	(In thousands)
Total Interest Income	$	1,676,653	$	—	$	1,812,705	$	—	$	1,971,000	$	—
Noninterest Income:
Other commissions and fees	38,637		19,089		33,258		18,052		38,086		16,597
Leased equipment income	47,717		—		51,109		—		63,167		—
Service charges on deposit accounts	19,146		19,146		18,583		18,583		16,468		16,468
(Loss) gain on sale of loans	(115)		—		645		—		(161,346)		—
Loss sale of securities	—		—		(60,400)		—		(442,413)		—
Dividends and gains on equity investments	7,992		—		7,982		—		15,731		—
Warrant income (loss)	1,726		—		408		—		(718)		—
LOCOM HFS adjustment	(9)		—		215		—		(8,461)		—
Other income	27,045		560		25,345		589		31,201		702
Total noninterest income (loss)	142,139		38,795		77,145		37,224		(448,285)		33,767
Total Revenue	$	1,818,792	$	38,795	$	1,889,850	$	37,224	$	1,522,715	$	33,767

The following table presents revenue from contracts with customers based on the timing of revenue recognition for the year indicated:


	Year Ended December 31,
	2025		2024		2023
	(In thousands)
Products and services transferred at a point in time	$	15,849	$	17,074	$	15,761
Products and services transferred over time	22,946		20,150		18,006
Total revenue from contracts with customers	$	38,795	$	37,224	$	33,767

Contract Balances

The following table provides information about receivables, contract assets and contract liabilities from contracts with customers as of the dates indicated:


	December 31,
	2025		2024
	(In thousands)
Receivables, which are included in "Other assets"	$	2,147	$	1,679
Contract assets, which are included in "Other assets"	$	—	$	—
Contract liabilities, which are included in "Accrued interest payable and other liabilities"	$	279	$	348

Contract liabilities relate to advance consideration received from customers for which revenue is recognized over the life of the contract. The change in contract liabilities for the year ended December 31, 2025 due to revenue recognized that was included in the contract liability balance at the beginning of the year was $69,000.

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-7

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-9

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-15

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-13

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org/606/tableOfContent

Segment Reporting Disclosure

Goodwill and Other Intangible Assets (Details 2) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Net CDI and CRI, end of year	$ 105,287	$ 132,944
Finite-Lived Intangible Asset, Expected Amortization, 2025	24,412
Finite-Lived Intangible Asset, Expected Amortization, 2026	21,166
Finite-Lived Intangible Asset, Expected Amortization, 2027	17,920
Finite-Lived Intangible Asset, Expected Amortization, 2028	14,675
Finite-Lived Intangible Asset, Expected Amortization, 2029	11,430
Finite-Lived Intangible Asset, Expected Amortization, after Year Five	$ 15,684

Consolidated Statements of Earnings - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Interest income:
Loans and leases	$ 1,440,397	$ 1,501,534	$ 1,496,357
Investment securities	153,326	140,794	174,996
Deposits in financial institutions	82,930	170,377	299,647
Total interest income	1,676,653	1,812,705	1,971,000
Interest expense:
Deposits	558,440	715,984	748,423
Borrowings	78,761	104,398	416,744
Subordinated debt	62,066	66,273	58,705
Total interest expense	699,267	886,655	1,223,872
Net interest income	977,386	926,050	747,128
Provision for credit losses	70,600	42,801	52,000
Net interest income after provision for credit losses	906,786	883,249	695,128
Noninterest income:
Other commissions and fees	38,637	33,258	38,086
Leased equipment income	47,717	51,109	63,167
Service charges on deposit accounts	19,146	18,583	16,468
(Loss) gain on sale of loans and leases	(115)	645	(161,346)
Loss on sale of securities	0	(60,400)	(442,413)
Dividends and gains on equity investments	7,992	7,982	15,731
Warrant income (loss)	1,726	408	(718)
LOCOM HFS Adjustment	(9)	215	(8,461)
Other income	27,045	25,345	31,201
Total noninterest income (loss)	142,139	77,145	(448,285)
Noninterest expense:
Compensation	349,506	341,396	332,353
Occupancy	60,624	67,993	61,668
Leased equipment depreciation	26,393	29,271	34,243
Insurance and assessments	32,750	70,779	135,666
Other professional services	23,087	20,857	24,623
Customer related expense	105,425	129,471	124,104
Intangible asset amortization	28,267	33,143	11,419
Loan expense	16,372	17,306	20,458
Acquisition, integration and reorganization costs	0	(14,183)	142,633
Goodwill impairment	0	0	1,376,736
Other expense	37,968	35,289	142,473
Total noninterest expense	735,850	791,740	2,458,181
Earnings (loss) before income taxes	313,075	168,654	(2,211,338)
Income tax expense (benefit)	(84,102)	(41,766)	312,201
Net earnings (loss)	$ 228,973	$ 126,888	$ (1,899,137)
Basic income per share (usd per share)	$ 1.18	$ 0.52	$ (22.71)
Diluted income per share (usd per share)	$ 1.17	$ 0.52	$ (22.71)
Preferred Stock Dividends, Income Statement Impact	$ 39,788	$ 39,788	$ 39,788
Net Income (Loss) Available to Common Stockholders, Diluted	189,185	87,100	(1,938,925)
Net Income (Loss) Available to Common Stockholders, Basic	189,185	87,100	(1,938,925)
Information Technology and Data Processing	$ 55,458	$ 60,418	$ 51,805

Stock-Based Compensation Stock-Based Compensation (Details) - $ / shares	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
(Per Share)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value			$ 41.49
PRSU
Shares
Beginning balance	2,283,531
Granted	328,935
Shares vesting	0
Forfeited	307,841
Ending balance	2,304,625	2,283,531
(Per Share)
Beginning balance	$ 9.07
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value	15.72	$ 9.00	$ 48.41
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Weighted Average Grant Date Fair Value	0
Share-based Compensation Arrangements by Share-based Payment Award, Options, Forfeitures in Period, Weighted Average Exercise Price	8.77
Ending balance	$ 10.06	$ 9.07
Restricted Stock Units (RSUs)
Shares
Beginning balance	1,759,335
Granted	1,630,631
Shares vesting	592,387
Forfeited	240,243
Ending balance	2,557,336	1,759,335
(Per Share)
Beginning balance	$ 12.98
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value	14.62
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Weighted Average Grant Date Fair Value	15.22
Share-based Compensation Arrangements by Share-based Payment Award, Options, Forfeitures in Period, Weighted Average Exercise Price	14.59
Ending balance	$ 14.59	$ 12.98
Time-Based Restricted Stock Awards [Member]
Shares
Beginning balance	211,206
Granted	0
Shares vesting	129,716
Forfeited	5,992
Ending balance	75,498	211,206
(Per Share)
Beginning balance	$ 51.27
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value	0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Weighted Average Grant Date Fair Value	53.94
Share-based Compensation Arrangements by Share-based Payment Award, Options, Forfeitures in Period, Weighted Average Exercise Price	50.49
Ending balance	$ 46.75	$ 51.27

Loans and Leases Receivable Income - Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Receivables [Abstract]
Direct Financing Lease, Interest Income	$ 14,534	$ 18,714	$ 16,671

Income Taxes (Details Textual) - USD ($) $ in Thousands	12 Months Ended
Income Taxes (Details Textual) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Income Tax Examination [Line Items]
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Percent	21.00%	21.00%	21.00%
Unused Federal operating loss carryforwards	$ 773,700
Unused State operating loss carryforwards	1,330,000
Taxes Payable, Current	8,400	$ 18,000
Deferred Tax Assets, Valuation Allowance	16,065	19,015
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense	100	400
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	100	200
Income Tax Expense (Benefit)	84,102	41,766	$ (312,201)
Credit Carryforward With No Expiration Date
Income Tax Examination [Line Items]
State LIHTC Carryforward Credit	12,700
Credit Carryforward With Expiration Dates
Income Tax Examination [Line Items]
State LIHTC Carryforward Credit	151,700
DTA Recognized Tax Expense
Income Tax Examination [Line Items]
Income Tax Expense (Benefit)		400
LIHTC Investments
Income Tax Examination [Line Items]
Other Tax Expense (Benefit)	54,300	57,900	42,700
Income Tax Expense [Member] \| LIHTC Investments
Income Tax Examination [Line Items]
Amortization	$ 45,000	$ 45,600	$ 34,100

Segment Reporting

12 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

SEGMENT REPORTING

The Company provides banking and treasury management services to small, middle-market, and venture-backed businesses. The principal business activities of the Company are gathering deposits, originating and servicing loans and leases and investing in investment securities. The Company's CODM is the Chief Executive Officer.

The Company operates as one reportable segment - Commercial Banking - based on how the CODM manages the business activities, which are described above. The CODM uses net earnings (loss) to evaluate income (loss) generated from segment assets, assess performance, decide how to allocate resources, determine dividend availability, establish management's compensation, and guide other strategic decisions. The accounting policies of the Commercial Banking segment are the same as those described in "Note 1. Nature of Operations and Summary of Significant Accounting Policies." Additionally, the Company does not have intra-entity sales or transfers.

The following presents our operating segment income statement, including significant expense categories, regularly reviewed by the CODM, and the reconciliation of segment net earnings (loss) to consolidated net earnings (loss) for the years indicated:


Income Statement	Year Ended December 31,
Commercial Banking Segment	2025		2024		2023
	(In thousands)




Total interest income	$	1,676,653	$	1,812,705	$	1,971,000




Total interest expense	699,267		886,655		1,223,872
Net interest income	977,386		926,050		747,128
Provision for credit losses	70,600		42,801		52,000
Net interest income after provision for credit losses	906,786		883,249		695,128










Noninterest income (loss)	142,139		77,145		(448,285)
Noninterest expense:
Compensation	349,506		341,396		332,353
Insurance and assessments	32,750		70,779		135,666
Customer related expense	105,425		129,471		124,104
Occupancy	60,624		67,993		61,668
Information technology and data processing	55,458		60,418		51,805
Leased equipment depreciation	26,393		29,271		34,243
Other professional services	23,087		20,857		24,623
Loan expense	16,372		17,306		20,458
Intangible asset amortization	28,267		33,143		11,419
Acquisition, integration and reorganization costs	—		(14,183)		142,633
Goodwill impairment	—		—		1,376,736
Other expense (1)	37,968		35,289		142,473
Total noninterest expense	735,850		791,740		2,458,181
Earnings (loss) before income taxes	313,075		168,654		(2,211,338)
Income tax expense (benefit)	84,102		41,766		(312,201)
Segment net earnings (loss) (2)	$	228,973	$	126,888	$	(1,899,137)

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-21

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-21

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-15

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-42

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 48
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-48

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 11: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 12: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 54
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-54

Reference 13: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 47
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-47

Reference 14: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 54
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-54

Reference 15: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 47
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-47

Reference 16: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 54
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-54

Reference 17: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 47
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-47

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-34

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-40

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/280/tableOfContent

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

Equity, Attributable to Parent [Abstract]

Investment Securities - Interest Income on Investment Securities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Interest Income, Securities, Operating, Taxable	$ 126,885	$ 114,656	$ 150,710
Interest Income, Securities, Operating, Tax Exempt	17,815	18,594	19,479
Investment Income, Dividend	8,626	7,544	4,807
Investment Income, Interest and Dividend	$ 153,326	$ 140,794	$ 174,996

Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2025

Common Stock, Surrendered

The following table shows the dollar amount of shares surrendered, shares surrendered, and weighted average price per share for stock surrendered for the years indicated:


	Year Ended December 31,
Restricted Stock Surrendered	2025		2024		2023
Dollar amount of shares surrendered (in thousands)	$	3,714	$	2,708	$	5,421
Number of shares surrendered	254,280		187,783		228,151
Weighted average price per share	$	14.61	$	14.42	$	23.76

Deposits (Details Textual) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Brokered Time Deposits [Member]
Deposit Liability [Line Items]
Interest-bearing Domestic Deposit, Brokered	$ 2,400.0	$ 2,100.0
Non-maturity Deposits [Member]
Deposit Liability [Line Items]
Interest-bearing Domestic Deposit, Brokered	$ 500.0	$ 600.0

Investment Securities - Allowance for Credit Losses on Held-to-Maturity (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Dec. 31, 2023

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Allowance for Credit Loss, Excluding Accrued Interest

$ 695

^[1]

$ 1,500

Debt Securities, Held-to-maturity, Credit Loss Expense (Reversal)

(805)

Debt Securities, Held-to-maturity, Allowance for Credit Loss, Writeoff

Debt Securities, Held-to-maturity, Allowance for Credit Loss, Recovery

US States and Political Subdivisions Debt Securities [Member]

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Allowance for Credit Loss, Excluding Accrued Interest

140

Debt Securities, Held-to-maturity, Credit Loss Expense (Reversal)

(120)

Debt Securities, Held-to-maturity, Allowance for Credit Loss, Writeoff

Debt Securities, Held-to-maturity, Allowance for Credit Loss, Recovery

Corporate Debt Securities [Member]

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Allowance for Credit Loss, Excluding Accrued Interest

675

1,360

$ 1,360

Debt Securities, Held-to-maturity, Credit Loss Expense (Reversal)

(685)

Debt Securities, Held-to-maturity, Allowance for Credit Loss, Writeoff

Debt Securities, Held-to-maturity, Allowance for Credit Loss, Recovery

$ 0

[1]	Excludes accrued interest receivable of $13.4 million at December 31, 2025 which is recorded in "Other assets" on the consolidated balance shee

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (aaa)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5A

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5A
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5A

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5A
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5A

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5B
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5B
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5B
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Low Income Housing Tax Credit - LIHTC

Derivatives (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Derivative [Line Items]
Derivative Assets, Notional Amount	$ 1,576,128	$ 544,626
Derivative Liabilities	4,156	7,562
Fair Value Hedge Assets	7,561	12,236
Hedged Liability, Fair Value Hedge	$ 8,221	7,562
Hedged Liability, Statement of Financial Position [Extensible Enumeration]	Accrued interest payable and other liabilities
Interest Rate Contracts
Derivative [Line Items]
Derivative Assets, Notional Amount	$ 150,652	192,405
Fair Value Hedge Assets	4,124	6,516
Hedged Liability, Fair Value Hedge	4,079	6,428
Cash Flow Hedging
Derivative [Line Items]
Fair Value Hedge Assets	0	1,442
Derivative, Notional Amount	300,000	300,000
Hedged Liability, Fair Value Hedge	4,043	0
Foreign Exchange Contracts
Derivative [Line Items]
Derivative Assets, Notional Amount	111,390	36,155
Fair Value Hedge Assets	0	515
Hedged Liability, Fair Value Hedge	77	1,134
Equity warrant assets
Derivative [Line Items]
Derivative Assets, Notional Amount	14,086	16,066
Fair Value Hedge Assets	3,437	3,763
Hedged Liability, Fair Value Hedge	$ 0	$ 0

Loans and Leases Maturities of Lease Receivables (Details) $ in Thousands	Dec. 31, 2025 USD ($)
Receivables [Abstract]
Sales-type and Direct Financing Leases, Lease Receivable, Payments to be Received, Next Rolling Twelve Months	$ 59,303
Sales-type and Direct Financing Leases, Lease Receivable, Lease Payments to be Received, Rolling Year Two	45,389
Sales-type and Direct Financing Leases, Lease Receivable, Lease Payments to be Received, Rolling Year Three	32,192
Sales-type and Direct Financing Leases, Lease Receivable, Payments to be Received, Rolling Year Four	25,182
Sales-type and Direct Financing Leases, Lease Receivable, Lease Payments to be Received, Rolling Year Five	5,127
Sales-type and Direct Financing Leases, Lease Receivable, Lease Payments to be Received, after Rolling Year Five	1,454
Sales-type and Direct Financing Leases, Lease Receivable, Payments to be Received	168,647
Sales-type and Direct Financing Leases, Lease Receivable, Undiscounted Excess Amount	16,928
Sales-type and Direct Financing Leases, Lease Receivable	$ 151,719

Fair Value Measurements Level 3 Equity Warrants Quantitative inputs and Assumptions (Details) - Level 3 - Fair Value, Recurring	12 Months Ended
	Dec. 31, 2025
Minimum
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Equity Warrants, Measurement Input, Remaining Life	29 days
Maximum
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Equity Warrants, Measurement Input, Remaining Life	4 years 11 months 26 days
Weighted Average [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Equity Warrants, Measurement Input, Remaining Life	3 years 1 month 24 days
Measurement Input, Price Volatility [Member] \| Minimum
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Equity Warrants, Measurement Input	0.196
Measurement Input, Price Volatility [Member] \| Maximum
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Equity Warrants, Measurement Input	9.656
Measurement Input, Price Volatility [Member] \| Weighted Average [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Equity Warrants, Measurement Input	0.272
Measurement Input, Risk Free Interest Rate [Member] \| Minimum
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Equity Warrants, Measurement Input	0.035
Measurement Input, Risk Free Interest Rate [Member] \| Maximum
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Equity Warrants, Measurement Input	0.037
Measurement Input, Risk Free Interest Rate [Member] \| Weighted Average [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Equity Warrants, Measurement Input	0.036

Supplemental Cash Flow (Details) - USD ($) $ in Thousands	12 Months Ended
Supplemental Cash Flow (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Leases [Abstract]
Operating Lease, Payments	$ 31,881	$ 37,333	$ 37,064
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	$ 26,723	$ 5,429	$ 39,985

Fair Value Measurements Narrative (Details) - USD ($)	12 Months Ended
Fair Value Measurements Narrative (Details) - USD ($)	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
SBIC Investments	$ 121,072,000	$ 109,636,000
Credit-Link Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Secured Debt	2,200,000,000
Credit-Link Notes \| Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Secured Debt	2,170,000,000
Warrant
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3	3,000
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Warrants Transfers to Available For Sale Securities	$ 3,000	$ 21,000	$ (36,000)

Other Assets Other Assets (Details) - USD ($)
$ in Thousands

Dec. 31, 2025

Dec. 31, 2024

Other Assets [Abstract]

$ 259,780

$ 295,964

Interest and fees receivable income

131,429

125,469

Operating Lease, Right-of-Use Asset

^[1]

99,205

100,092

SBIC Investments

121,072

109,636

Alternative Energy Partnerships (HLBV Investments)

16,354

17,472

Equity Investments Without Readily Determinable Fair Value

150,048

143,152

Total Other Investments

547,254

566,224

Prepaid Expense

33,829

39,432

Income Taxes Receivable

8,385

18,009

Bank owned life insurance

17,115

9,734

Warrants and Rights Outstanding

^[2]

3,437

3,763

Other Assets, Miscellaneous

44,108

51,231

Other Assets

$ 884,762

$ 913,954

[1]	See "Note 9. Leases" for further details regarding the operating lease ROU assets.
[2]	See "Note 15. Fair Value Measurements" for information regarding equity warrants.

Revenue From Contracts With Customers Revenue From Contracts With Customers (Details Textuals)	Dec. 31, 2024 USD ($)
Revenue From Contracts With Customers [Abstract]
Contract with Customer, Liability	$ 69,000

Benefit Plans Benefit Plans (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Benefit Plans [Abstract]
Defined Contribution Plan, Employers Matching Contribution, Annual Vesting Percentage	4.00%
Cost Recognized	$ 8.5	$ 7.5	$ 7.7

Borrowings and Subordinated Debentures - Borrowing Type (Details) - USD ($)	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	4.47%	5.06%
Borrowings	$ 2,063,819,000	$ 1,392,838,000
Acquisition Discount on Senior Notes	0	(1,024,000)
Borrowings (including $113,634 and $118,838 at fair value, respectively)	2,063,819,000	1,391,814,000
Other Borrowings, Fair Value Disclosure	113,634,000	118,838,000
Federal Reserve Bank Advances [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Amount Outstanding	$ 0	$ 0
Credit-Link Notes
Debt Instrument [Line Items]
Long-term Debt, Percentage Bearing Variable Interest, Percentage Rate	14.63%	15.29%
Long-term Debt, Percentage Bearing Variable Interest, Amount		$ 118,838,000
Other Borrowings, Fair Value Disclosure	$ 113,634,000	$ 118,838,000	$ 123,116,000	$ 132,030,000
American Financial Exchange
Debt Instrument [Line Items]
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	3.69%	0.00%
Line of Credit Facility, Amount Outstanding	$ 240,000,000	$ 0
Five Point Two Five Percent Senior Notes Due April152025
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	0.00%	5.25%
Senior Notes	$ 0	$ 174,000,000
Federal Home Loan Bank of San Francisco \| Secured Debt
Debt Instrument [Line Items]
Line of Credit, Current	$ 1,710,185,000	$ 1,100,000,000
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	3.90%	3.93%

Derivatives

12 Months Ended

Dec. 31, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivatives

DERIVATIVES

We use derivative instruments and other risk management techniques to reduce our exposure to adverse fluctuations in interest rates and foreign currency exchange rates in accordance with our risk management policies and for certain loan clients to allow them to hedge the risk of rising interest rates and on their variable rate loans.

Our derivatives are carried at fair value and recorded in "Other assets" or "Accrued interest payable and other liabilities," as appropriate, in the consolidated balance sheets. On the date we enter into a derivative contract, the derivative is designated as a fair value hedge, cash flow hedge, or a hedge designation is not made as it is a customer-related transaction. When a derivative is designated as a fair value hedge or cash flow hedge, the Company performs an assessment at inception, and at least quarterly thereafter, to determine the effectiveness of the derivative in offsetting changes in the fair value or cash flows of the hedged items.

The following table presents the U.S. dollar notional amounts and fair values of our derivative instruments included in the consolidated balance sheets as of the dates indicated:


	December 31, 2025						December 31, 2024
	Notional		Fair Value				Notional		Fair Value
	Amount		Asset		Liability		Amount		Asset		Liability
	(In thousands)
Derivatives Designated as Cash Flow Hedges:
Interest rate swaps	$	300,000	$	—	$	4,043	$	300,000	$	1,442	$	—
Interest rate collars	1,000,000		—		22		—		—		—
Derivatives Not Designated as Hedging Instruments:
Interest rate contracts	150,652		4,124		4,079		192,405		6,516		6,428
Foreign exchange contracts	111,390		—		77		36,155		515		1,134
Equity warrant assets	14,086		3,437		—		16,066		3,763		—
Total contracts	$	1,576,128	$	7,561	$	8,221	$	544,626	$	12,236	$	7,562

Cash Flow Hedge

Cash flow hedges included pay-fixed, receive-floating interest rate swap contracts with notional amounts aggregating $300.0 million, five-year terms, and varying maturity dates throughout 2028. These swap contracts were entered into with institutional counterparties to hedge against variability in cash flow attributable to IRR on a portion of the Company's borrowings. Cash flow hedges also included interest rate collars, which are option contracts designed to limit the Company's exposure to increases in short term interest rates while foregoing some of the upside if short term interest rates decrease significantly. The interest rate collars have notional amounts aggregating to $1.0 billion, with eighteen-month terms, and maturing on October 31, 2026. These collars were entered into with institutional counterparties to hedge against variability in cash flows attributable to IRR on a portion of the Company's floating rate deposits.

The cash flow hedges were deemed highly effective at inception and as of December 31, 2025. For derivatives designated as cash flow hedges, the portion of changes in fair value considered to be highly effective are reported as a component of AOCI on the consolidated balance sheets until the related cash flows from the hedged items are recognized in earnings. As of December 31, 2025, the fair value of the cash flow hedges represented a net liability of $4.1 million, related to which a loss of $3.6 million (net of tax) was included in AOCI. The estimated amount to be reclassified in the next 12 months out of AOCI into earnings is $1.7 million.

Terminated Cash Flow Hedges

The Company terminated all of the pay-fixed, receive floating interest rate swap contracts classified as cash flow hedges with notional amounts of $355.0 million entered into during 2024, and all remaining deferred amounts in AOCI have been amortized into interest expense by the end of the third quarter of 2025.

Other Interest Rate Swaps, Foreign Exchange Contracts, and Equity Warrant Assets Not Designated for Hedge Accounting

The Company offers borrowers interest rate swaps under a "back-to-back" loan hedging program and offsets these "pay floating/receive fixed" contracts with borrowers with "receive floating/pay fixed" swaps with counterparty banks. The total notional balance of these offsetting hedging contracts was $150.7 million at December 31, 2025.

The Company has also hedged the IRR and foreign currency risk on €25.8 million of subordinated debt utilizing a cross currency swap. Under the current terms of the swap, the Company receives three-month Euribor plus 205 basis points and pays a fixed rate of 5.92% with ultimate principal exchanged at maturity. For the year ended December 31, 2025, changes in fair value and fees recorded to "Noninterest income" in the consolidated statements of earnings (loss) were immaterial.

See "Note 15. Fair Value Measurements" for additional information regarding equity warrant assets. For further information regarding our derivatives, see "Note 1. Nature of Operations and Summary of Significant Accounting Policies.

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 182
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480401/815-10-55-182

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 185
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480401/815-10-55-185

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 184
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480401/815-10-55-184

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 181
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480401/815-10-55-181

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (a)(5)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4H
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4H

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4H
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4H

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 15
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480960/815-15-50-3

Reference 13: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 183
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480401/815-10-55-183

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (a)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4I
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4I

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4F
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4F

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-2

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-2

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(1)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-2

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(1)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-2

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(1)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-2

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-1B

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/815/tableOfContent

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480237/815-40-50-5

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5C
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-5C