v3.25.1
LOANS - Aging Status (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Total Accounted for Under the FV Option $ 369,746 $ 469,801  
Total Carried at Amortized Cost 621,651 336,305  
Non- accrual 14,444 102  
Deferred fees and costs 1,281 393  
Allowance for credit losses (30,233) (12,574) $ 0
Loans held for investment, at amortized cost, net 591,418 323,731  
SBA      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Total Carried at Amortized Cost 380,981 163,918  
Non- accrual 14,444 102  
Allowance for credit losses (28,488) (10,852)  
CRE, at amortized cost, net of deferred fees and costs      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Total Carried at Amortized Cost 191,831 163,803  
Non- accrual 0 0  
Allowance for credit losses (1,430) (1,408) 0
C&I      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Total Carried at Amortized Cost 47,558 8,191  
Allowance for credit losses (315) (314) $ 0
Total Loans      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Total Carried at Amortized Cost 620,370 335,912  
Performing | 30-59 Days      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Total Accounted for Under the FV Option 23,158 20,380  
Performing | 30-59 Days | SBA      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Total Carried at Amortized Cost 11,264 3,637  
Performing | 30-59 Days | CRE, at amortized cost, net of deferred fees and costs      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Total Carried at Amortized Cost 0 948  
Performing | 30-59 Days | C&I      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Total Carried at Amortized Cost 275 0  
Performing | 30-59 Days | Total Loans      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Total Carried at Amortized Cost 11,539 4,585  
Performing | 60-89 Days      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Total Accounted for Under the FV Option 18,400 16,075  
Performing | 60-89 Days | SBA      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Total Carried at Amortized Cost 9,046 311  
Performing | 60-89 Days | CRE, at amortized cost, net of deferred fees and costs      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Total Carried at Amortized Cost 0 0  
Performing | 60-89 Days | C&I      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Total Carried at Amortized Cost 0 0  
Performing | 60-89 Days | Total Loans      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Total Carried at Amortized Cost 9,046 311  
Performing | 90-119 Days      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Total Accounted for Under the FV Option 9,268 0  
Performing | 90-119 Days | SBA      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Total Carried at Amortized Cost 0 0  
Performing | 90-119 Days | CRE, at amortized cost, net of deferred fees and costs      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Total Carried at Amortized Cost 0 0  
Performing | 90-119 Days | C&I      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Total Carried at Amortized Cost 0 0  
Performing | 90-119 Days | Total Loans      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Total Carried at Amortized Cost 0 0  
Performing | 120+ Days      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Total Accounted for Under the FV Option 0 0  
Performing | 120+ Days | SBA      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Total Carried at Amortized Cost 0 0  
Performing | 120+ Days | CRE, at amortized cost, net of deferred fees and costs      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Total Carried at Amortized Cost 0 0  
Performing | 120+ Days | C&I      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Total Carried at Amortized Cost 0 0  
Performing | 120+ Days | Total Loans      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Total Carried at Amortized Cost 0 0  
Performing | Total Past Due and Non-accrual      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Total Accounted for Under the FV Option 118,130 84,629  
Performing | Total Past Due and Non-accrual | SBA      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Total Carried at Amortized Cost 42,016 4,700  
Performing | Total Past Due and Non-accrual | CRE, at amortized cost, net of deferred fees and costs      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Total Carried at Amortized Cost 2,635 5,569  
Performing | Total Past Due and Non-accrual | C&I      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Total Carried at Amortized Cost 275 0  
Performing | Total Past Due and Non-accrual | Total Loans      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Total Carried at Amortized Cost 44,926 10,269  
Performing | Current      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Total Accounted for Under the FV Option 251,616 385,172  
Performing | Current | SBA      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Total Carried at Amortized Cost 338,965 159,218  
Performing | Current | CRE, at amortized cost, net of deferred fees and costs      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Total Carried at Amortized Cost 189,196 158,234  
Performing | Current | C&I      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Total Carried at Amortized Cost 47,283 8,191  
Performing | Current | Total Loans      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Total Carried at Amortized Cost 575,444 325,643  
Nonperforming      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Total Accounted for Under the FV Option 67,304 48,174  
Nonperforming | SBA      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Non- accrual 21,706 752  
Nonperforming | CRE, at amortized cost, net of deferred fees and costs      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Non- accrual 2,635 4,621  
Nonperforming | C&I      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Non- accrual 0 0  
Nonperforming | Total Loans      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Non- accrual $ 24,341 $ 5,373