v3.25.1
FAIR VALUE MEASUREMENTS - Fair Value Levels (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Assets:    
Debt securities available-for-sale $ 23,916 $ 32,171
Loans held for sale, at fair value 372,286 118,867
Loans held for investment, at fair value 369,746 469,801
Other real estate owned 3,764 1,110
Servicing asset $ 22,062 29,336
Derivative Asset, Statement of Financial Position [Extensible Enumeration] Other assets  
Asset $ 715  
Total assets measured at fair value 871,475 692,872
Liabilities:    
Liabilities   $ 630
Derivative Liability, Statement of Financial Position [Extensible Enumeration]   Accounts payable, accrued expenses and other liabilities
Total liabilities measured at fair value 133 $ 771
Carrying Amount    
Cash and due from banks 6,941 15,398
Restricted cash 28,226 30,919
Interest bearing deposits in banks 346,207 137,689
Debt securities available-for-sale, at fair value 23,916 32,171
Loans HFS, at FV 372,286 118,867
Loans held for sale, at LCM 58,803 56,607
Loans held for investment, at fair value 369,746 469,801
Loans held for investment, at amortized cost, net of deferred fees and costs 621,651 336,305
Federal Home Loan Bank and Federal Reserve Bank stock 3,585 3,635
Time deposits 409,251 167,041
Borrowings 708,041 644,122
Other Fair Value Financial Instruments    
Debt securities available-for-sale, at fair value 23,916 32,171
Loans HFS, at FV 372,286 118,867
Loans HFS, at LCM 58,856 56,733
Loans HFI, at amortized cost, net of deferred fees and costs 668,687 337,133
Federal Home Loan Bank and Federal Reserve Bank stock 3,585 3,635
Time deposits 410,442 168,542
Borrowings 720,367 641,794
U.S. Treasury notes    
Assets:    
Debt securities available-for-sale 23,916 29,305
Government agency debentures    
Assets:    
Debt securities available-for-sale 2,866
Loans Held For Sale    
Assets:    
Loans held for sale, at fair value 372,286 118,867
Carrying Amount    
Loans HFS, at FV 372,286 118,867
Loans Held for Investment    
Assets:    
Loans held for investment, at fair value 369,746 469,801
Carrying Amount    
Loans held for investment, at fair value 369,746 469,801
Cash and due from banks    
Other Fair Value Financial Instruments    
Cash and cash equivalents 6,941 15,398
Restricted cash    
Other Fair Value Financial Instruments    
Cash and cash equivalents 28,226 30,919
Interest bearing deposits in banks    
Other Fair Value Financial Instruments    
Cash and cash equivalents 346,207 137,689
Equity warrants    
Liabilities:    
Equity warrants 133 141
Joint Ventures and Other Non-Control Investments    
Assets:    
Investments 57,678 41,587
Assets held for sale 21,308  
Carrying Amount    
Investments in loans, at fair value 57,678 41,587
Level 1    
Assets:    
Loans held for investment, at fair value 0 0
Other real estate owned 0 0
Servicing asset 0 0
Asset 0  
Total assets measured at fair value 23,916 29,305
Liabilities:    
Liabilities   0
Total liabilities measured at fair value 0 0
Carrying Amount    
Loans held for investment, at fair value 0 0
Other Fair Value Financial Instruments    
Debt securities available-for-sale, at fair value 23,916 29,305
Loans HFS, at FV 0 0
Loans HFS, at LCM 0 0
Loans HFI, at amortized cost, net of deferred fees and costs 0 0
Federal Home Loan Bank and Federal Reserve Bank stock 0 0
Time deposits 0 0
Borrowings 0 0
Level 1 | U.S. Treasury notes    
Assets:    
Debt securities available-for-sale 23,916 29,305
Level 1 | Government agency debentures    
Assets:    
Debt securities available-for-sale   0
Level 1 | Loans Held For Sale    
Assets:    
Loans held for sale, at fair value 0 0
Carrying Amount    
Loans HFS, at FV 0 0
Level 1 | Loans Held for Investment    
Assets:    
Loans held for investment, at fair value 0 0
Carrying Amount    
Loans held for investment, at fair value 0 0
Level 1 | Cash and due from banks    
Other Fair Value Financial Instruments    
Cash and cash equivalents 6,941 15,398
Level 1 | Restricted cash    
Other Fair Value Financial Instruments    
Cash and cash equivalents 28,226 30,919
Level 1 | Interest bearing deposits in banks    
Other Fair Value Financial Instruments    
Cash and cash equivalents 346,207 137,689
Level 1 | Equity warrants    
Liabilities:    
Equity warrants 0 0
Level 1 | Joint Ventures and Other Non-Control Investments    
Assets:    
Investments 0 0
Assets held for sale 0  
Carrying Amount    
Investments in loans, at fair value 0 0
Level 2    
Assets:    
Loans held for investment, at fair value 0 0
Other real estate owned 0 0
Servicing asset 0 0
Asset 715  
Total assets measured at fair value 715 2,866
Liabilities:    
Liabilities   630
Total liabilities measured at fair value 0 630
Carrying Amount    
Loans held for investment, at fair value 0 0
Other Fair Value Financial Instruments    
Debt securities available-for-sale, at fair value 0 2,866
Loans HFS, at FV 0 0
Loans HFS, at LCM 0 0
Loans HFI, at amortized cost, net of deferred fees and costs 0 0
Federal Home Loan Bank and Federal Reserve Bank stock 3,585 3,635
Time deposits 410,442 168,542
Borrowings 306,549 187,555
Level 2 | U.S. Treasury notes    
Assets:    
Debt securities available-for-sale 0 0
Level 2 | Government agency debentures    
Assets:    
Debt securities available-for-sale   2,866
Level 2 | Loans Held For Sale    
Assets:    
Loans held for sale, at fair value 0 0
Carrying Amount    
Loans HFS, at FV 0 0
Level 2 | Loans Held for Investment    
Assets:    
Loans held for investment, at fair value 0 0
Carrying Amount    
Loans held for investment, at fair value 0 0
Level 2 | Cash and due from banks    
Other Fair Value Financial Instruments    
Cash and cash equivalents 0 0
Level 2 | Restricted cash    
Other Fair Value Financial Instruments    
Cash and cash equivalents 0 0
Level 2 | Interest bearing deposits in banks    
Other Fair Value Financial Instruments    
Cash and cash equivalents 0 0
Level 2 | Equity warrants    
Liabilities:    
Equity warrants 0 0
Level 2 | Joint Ventures and Other Non-Control Investments    
Assets:    
Investments 0 0
Assets held for sale 0  
Carrying Amount    
Investments in loans, at fair value 0 0
Level 3    
Assets:    
Loans held for investment, at fair value 369,746 469,801
Other real estate owned 3,764 1,110
Servicing asset 22,062 29,336
Assets held for sale 21,308  
Asset 0  
Total assets measured at fair value 846,844 660,701
Liabilities:    
Equity warrants 133 141
Liabilities   0
Total liabilities measured at fair value 133 141
Carrying Amount    
Loans held for investment, at fair value 369,746 469,801
Other Fair Value Financial Instruments    
Debt securities available-for-sale, at fair value 0 0
Loans HFS, at FV 372,286 118,867
Loans HFS, at LCM 58,856 56,733
Loans HFI, at amortized cost, net of deferred fees and costs 668,687 337,133
Federal Home Loan Bank and Federal Reserve Bank stock 0 0
Time deposits 0 0
Borrowings 413,818 454,239
Level 3 | U.S. Treasury notes    
Assets:    
Debt securities available-for-sale 0 0
Level 3 | Government agency debentures    
Assets:    
Debt securities available-for-sale   0
Level 3 | Loans Held For Sale    
Assets:    
Loans held for sale, at fair value 372,286 118,867
Carrying Amount    
Loans HFS, at FV 372,286 118,867
Level 3 | Loans Held for Investment    
Assets:    
Loans held for investment, at fair value 369,746 469,801
Carrying Amount    
Loans held for investment, at fair value 369,746 469,801
Level 3 | Cash and due from banks    
Other Fair Value Financial Instruments    
Cash and cash equivalents 0 0
Level 3 | Restricted cash    
Other Fair Value Financial Instruments    
Cash and cash equivalents 0 0
Level 3 | Interest bearing deposits in banks    
Other Fair Value Financial Instruments    
Cash and cash equivalents 0 0
Level 3 | Equity warrants    
Liabilities:    
Equity warrants 133 141
Level 3 | Joint Ventures and Other Non-Control Investments    
Assets:    
Investments 57,678 41,587
Assets held for sale 21,308  
Carrying Amount    
Investments in loans, at fair value $ 57,678 $ 41,587