2023 Q2 Form 10-Q Financial Statement

#000155837023008847 Filed on May 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q1
Revenue $232.9M $217.6M $124.4M
YoY Change 51.55% 74.89% 69.56%
Cost Of Revenue $189.3M $174.4M $68.71M
YoY Change 132.69% 153.76% 46.5%
Gross Profit $72.06M $72.27M $70.62M
YoY Change -13.82% 2.33% 161.56%
Gross Profit Margin 30.94% 33.22% 56.77%
Selling, General & Admin $31.59M $28.87M $32.06M
YoY Change 7.24% -9.97% 20.54%
% of Gross Profit 43.84% 39.94% 45.4%
Research & Development $2.156M $2.114M $2.040M
YoY Change -9.26% 3.63% 8.97%
% of Gross Profit 2.99% 2.93% 2.89%
Depreciation & Amortization $400.0K $600.0K $400.0K
YoY Change 0.0% 50.0% 33.33%
% of Gross Profit 0.56% 0.83% 0.57%
Operating Expenses $2.156M $2.114M $2.040M
YoY Change -9.26% 3.63% 8.97%
Operating Profit $69.90M $70.15M $68.58M
YoY Change -13.95% 2.3% 172.92%
Interest Expense $172.5M $160.4M $61.02M
YoY Change 113.46% 162.87% 20.2%
% of Operating Profit 246.82% 228.63% 88.97%
Other Income/Expense, Net $4.626M $4.426M $1.992M
YoY Change -24.89% 122.19% -24.86%
Pretax Income $258.5M $37.37M $82.11M
YoY Change 273.13% -54.49% 118.22%
Income Tax $5.141M $391.0K $17.85M
% Of Pretax Income 1.99% 1.05% 21.74%
Net Earnings $253.4M $36.98M $64.26M
YoY Change 329.7% -42.46% 122.0%
Net Earnings / Revenue 108.8% 17.0% 51.66%
Basic Earnings Per Share $1.87 $0.30 $0.70
Diluted Earnings Per Share $1.76 $0.29 $0.66
COMMON SHARES
Basic Shares Outstanding 110.7M 110.7M 87.71M
Diluted Shares Outstanding 141.6M 121.0M 95.40M

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $227.5M $111.2M $211.4M
YoY Change 77.82% -47.39% -31.46%
Cash & Equivalents $227.5M $111.2M $211.4M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $42.19M $37.44M $46.36M
Other Receivables $36.08M $31.58M $16.44M
Total Short-Term Assets $305.8M $180.2M $274.2M
YoY Change 68.19% -34.27% -25.74%
LONG-TERM ASSETS
Property, Plant & Equipment $5.540M $2.364M $2.089M
YoY Change 203.06% 13.16% -32.61%
Goodwill $37.82M $37.82M $32.70M
YoY Change 10.67% 15.64% 83.56%
Intangibles $17.52M $16.87M $14.44M
YoY Change 24.63% 16.85% 116.68%
Long-Term Investments $3.970B $114.2M $149.5M
YoY Change 1670.54% -23.62% 99.17%
Other Assets $77.76M $92.86M $94.85M
YoY Change -25.82% -2.1% -7.64%
Total Long-Term Assets $12.08B $11.36B $11.20B
YoY Change 2.74% 1.39% 46.48%
TOTAL ASSETS
Total Short-Term Assets $305.8M $180.2M $274.2M
Total Long-Term Assets $12.08B $11.36B $11.20B
Total Assets $12.38B $11.54B $11.48B
YoY Change 3.73% 0.53% 43.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $43.54M $25.71M $8.471M
YoY Change 685.97% 203.51% 24.57%
Accrued Expenses $85.23M $75.93M $73.69M
YoY Change 19.26% 3.04% 20.6%
Deferred Revenue
YoY Change
Short-Term Debt $54.46M $55.97M $56.39M
YoY Change 1.71% -0.74%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $209.6M $204.9M $189.7M
YoY Change 15.34% 8.02% 144.78%
LONG-TERM LIABILITIES
Long-Term Debt $9.350B $9.317B $9.000B
YoY Change -1.58% 3.51% 40.18%
Other Long-Term Liabilities $81.31M $96.45M $216.6M
YoY Change -53.1% -55.47% -4.12%
Total Long-Term Liabilities $9.431B $9.413B $9.217B
YoY Change -2.5% 2.13% 38.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $209.6M $204.9M $189.7M
Total Long-Term Liabilities $9.431B $9.413B $9.217B
Total Liabilities $9.772B $9.649B $9.509B
YoY Change -1.96% 1.47% 39.46%
SHAREHOLDERS EQUITY
Retained Earnings $187.1M -$6.532M $21.66M
YoY Change 585.54% -130.16% -208.16%
Common Stock $17.00K $11.00K $11.00K
YoY Change 54.55% 0.0% 57.14%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.611B $1.780B $1.851B
YoY Change
Total Liabilities & Shareholders Equity $12.38B $11.54B $11.48B
YoY Change 3.73% 0.53% 43.15%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income $253.4M $36.98M $64.26M
YoY Change 329.7% -42.46% 122.0%
Depreciation, Depletion And Amortization $400.0K $600.0K $400.0K
YoY Change 0.0% 50.0% 33.33%
Cash From Operating Activities $38.15M -$907.0K $14.74M
YoY Change -40.8% -106.15% -129.37%
INVESTING ACTIVITIES
Capital Expenditures $2.290M $1.678M -$902.0K
YoY Change -282.03% -286.03%
Acquisitions -$123.6M
YoY Change
Other Investing Activities $288.0M $49.57M -$1.122B
YoY Change -152.37% -104.42% 433.05%
Cash From Investing Activities $285.7M $47.90M -$1.123B
YoY Change -151.83% -104.27% 433.37%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $106.6M
YoY Change 10700.41%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -181.6M -97.31M 1.085B
YoY Change -142.07% -108.97% 150.98%
NET CHANGE
Cash From Operating Activities 38.15M -907.0K 14.74M
Cash From Investing Activities 285.7M 47.90M -1.123B
Cash From Financing Activities -181.6M -97.31M 1.085B
Net Change In Cash 142.2M -50.32M -23.24M
YoY Change -358.5% 116.5% -113.55%
FREE CASH FLOW
Cash From Operating Activities $38.15M -$907.0K $14.74M
Capital Expenditures $2.290M $1.678M -$902.0K
Free Cash Flow $35.86M -$2.585M $15.64M
YoY Change -45.42% -116.52%

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CY2023Q1 us-gaap Basis Of Accounting
BasisOfAccounting
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">Note 2. Basis of Presentation</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The unaudited interim consolidated financial statements herein, referred to as the “consolidated financial statements”, as of March 31, 2023 and for the three months ended March 31, 2023 and 2022, have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”)—as prescribed by the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification (“ASC”) and the rules and regulations of the SEC.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The accompanying consolidated financial statements, including the notes thereto, are unaudited and exclude some of the disclosures required in audited financial statements. Accordingly, certain information and footnote disclosures normally included in consolidated financial statements have been condensed or omitted. In the opinion of management, the accompanying consolidated financial statements contain all normal recurring adjustments necessary for a fair statement of the results for the interim periods presented. Such operating results may not be indicative of the expected results for any other interim period or the entire year. The accompanying consolidated financial statements should be read in conjunction with the audited consolidated financial statements included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022, as filed with the SEC.</p>
CY2023Q1 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><span style="font-style:italic;font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Use of estimates</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">Preparation of the Company’s consolidated financial statements in conformity with U.S. GAAP requires certain estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities as of the date of the consolidated financial statements and the reported amounts of income and expenses during the reporting period. These estimates and assumptions are based on the best available information however, actual results could be materially different.</p>
CY2023Q1 rc Financing Receivable Gross Excluding Financing Receivables Of Consolidated Variable Interest Entities
FinancingReceivableGrossExcludingFinancingReceivablesOfConsolidatedVariableInterestEntities
3161205000
CY2023Q1 rc Financing Receivable Unpaid Principal Balance Gross Excluding Loans Of Consolidated Variable Interest Entities
FinancingReceivableUnpaidPrincipalBalanceGrossExcludingLoansOfConsolidatedVariableInterestEntities
3183987000
CY2022Q4 rc Financing Receivable Gross Excluding Financing Receivables Of Consolidated Variable Interest Entities
FinancingReceivableGrossExcludingFinancingReceivablesOfConsolidatedVariableInterestEntities
3637347000
CY2022Q4 rc Financing Receivable Unpaid Principal Balance Gross Excluding Loans Of Consolidated Variable Interest Entities
FinancingReceivableUnpaidPrincipalBalanceGrossExcludingLoansOfConsolidatedVariableInterestEntities
3666244000
CY2023Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><span style="font-style:italic;font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Reclassifications</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">Certain amounts reported for the prior periods in the accompanying consolidated financial statements have been reclassified in order to conform to the current period’s presentation. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><span style="visibility:hidden;">​</span></p>
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Losses Policy For Uncollectible Amounts
FinancingReceivableAllowanceForCreditLossesPolicyForUncollectibleAmounts
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><span style="font-style:italic;font-weight:bold;">Allowance for credit losses. </span>The allowance for credit losses consists of the allowance for losses on loans and lending commitments accounted for at amortized cost. Such loans and lending commitments are reviewed quarterly considering credit quality indicators, including probable and historical losses, collateral values, loan-to-value (“LTV”) ratio and economic conditions. The allowance for credit losses increases through provisions charged to earnings and reduced by charge-offs, net of recoveries. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The Company utilizes loan loss forecasting models for estimating expected life-time credit losses, at the individual loan level, for its loan portfolio. The CECL forecasting methods used by the Company include (i) a probability of default and loss given default method using underlying third-party CMBS/CRE loan databases with historical loan losses and (ii) probability weighted expected cash flow method, depending on the type of loan and the availability of relevant historical market loan loss data. The Company might use other acceptable alternative approaches in the future depending on, among other factors, the type of loan, underlying collateral, and availability of relevant historical market loan loss data.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Significant inputs to the Company’s forecasting methods include (i) key loan-specific inputs such as LTV, vintage year, loan-term, underlying property type, occupancy, geographic location, and others, and (ii) a macro-economic forecast, including unemployment rates, interest rates, commercial real estate prices, and others. These estimates may change in future periods based on available future macro-economic data and might result in a material change in the Company’s future estimates of expected credit losses for its loan portfolio.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">In certain instances, the Company considers relevant loan-specific qualitative factors to certain loans to estimate its CECL expected credit losses. The Company considers loan investments that are both (i) expected to be substantially repaid through the operation or sale of the underlying collateral, and (ii) for which the borrower is experiencing financial difficulty, to be “collateral-dependent” loans. For such loans that the Company determines that foreclosure of the collateral is probable, the Company measures the expected losses based on the difference between the fair value of the collateral (less costs to sell the asset if repayment is expected through the sale of the collateral) and the amortized cost basis of the loan as of the measurement date. For collateral-dependent loans that the Company determines foreclosure is not probable, the Company applies a practical expedient to estimate expected losses using the difference between the collateral’s fair value (less costs to sell the asset if repayment is expected through the sale of the collateral) and the amortized cost basis of the loan.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">While the Company has a formal methodology to determine the adequate and appropriate level of the allowance for credit losses, estimates of inherent loan losses involve judgment and assumptions as to various factors, including current economic conditions. The Company’s determination of adequacy of the allowance for credit losses is based on quarterly evaluations of the above factors. Accordingly, the provision for credit losses will vary from period to period based on management's ongoing assessment of the adequacy of the allowance for credit losses.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><span style="font-style:italic;visibility:hidden;">​</span></p>
CY2023Q1 rc Loans Eligible For Repurchase
LoansEligibleForRepurchase
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><span style="font-style:italic;font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Loans eligible for repurchase from Ginnie Mae</span><span style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">When the Company has the unilateral right to repurchase Ginnie Mae pool loans it has previously sold (generally loans that are more than 90 days past due), the Company then records the right to repurchase the loan as an asset and liability in its consolidated balance sheets. Such amounts reflect the unpaid principal balance of the loans.</p>
CY2023Q1 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
34000000.0
CY2022Q4 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
41800000
CY2023Q1 rc Number Of Classes Of Servicing Assets Used For Risk Management Purposes
NumberOfClassesOfServicingAssetsUsedForRiskManagementPurposes
2
CY2022Q1 rc Expenses Attributable To Dilutive Instruments
ExpensesAttributableToDilutiveInstruments
2319000
CY2023Q1 rc Financing Receivable Allowance Excluding Consolidated Variable Interest Entities
FinancingReceivableAllowanceExcludingConsolidatedVariableInterestEntities
33008000
CY2022Q4 rc Financing Receivable Allowance Excluding Consolidated Variable Interest Entities
FinancingReceivableAllowanceExcludingConsolidatedVariableInterestEntities
61037000
CY2023Q1 rc Financing Receivable Net Reported Amount Excluding Loans Of Consolidated Variable Interest Entities
FinancingReceivableNetReportedAmountExcludingLoansOfConsolidatedVariableInterestEntities
3128197000
CY2023Q1 rc Financing Receivable Net Reported Amount Excluding Loans Of Consolidated Variable Interest Entities Unpaid Principal Balance
FinancingReceivableNetReportedAmountExcludingLoansOfConsolidatedVariableInterestEntitiesUnpaidPrincipalBalance
3183987000
CY2022Q4 rc Financing Receivable Net Reported Amount Excluding Loans Of Consolidated Variable Interest Entities
FinancingReceivableNetReportedAmountExcludingLoansOfConsolidatedVariableInterestEntities
3576310000
CY2022Q4 rc Financing Receivable Net Reported Amount Excluding Loans Of Consolidated Variable Interest Entities Unpaid Principal Balance
FinancingReceivableNetReportedAmountExcludingLoansOfConsolidatedVariableInterestEntitiesUnpaidPrincipalBalance
3666244000
CY2023Q1 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
236578000
CY2023Q1 rc Loans Held For Sale Fair Value Disclosure Unpaid Principal Balance
LoansHeldForSaleFairValueDisclosureUnpaidPrincipalBalance
242302000
CY2022Q4 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
258377000
CY2023Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0
CY2022Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0
CY2023Q1 rc Loans Non Accrual Status Number Of Consecutive Months Payments Received Before Resuming Recognition Of Interest Income
LoansNonAccrualStatusNumberOfConsecutiveMonthsPaymentsReceivedBeforeResumingRecognitionOfInterestIncome
3
CY2022Q4 rc Loans Held For Sale Fair Value Disclosure Unpaid Principal Balance
LoansHeldForSaleFairValueDisclosureUnpaidPrincipalBalance
261614000
CY2023Q1 rc Financing Receivable Amount Including Loans Of Consolidated Variable Interest Entities Net Of General Allowance For Loan Losses
FinancingReceivableAmountIncludingLoansOfConsolidatedVariableInterestEntitiesNetOfGeneralAllowanceForLoanLosses
9910368000
CY2023Q1 rc Total Loans Net And Loans Held For Sale Fair Value Disclosure
TotalLoansNetAndLoansHeldForSaleFairValueDisclosure
10146946000
CY2023Q1 rc Total Loans Net And Loans Held For Sale Unpaid Principal Balance
TotalLoansNetAndLoansHeldForSaleUnpaidPrincipalBalance
10285590000
CY2022Q4 rc Total Loans Net And Loans Held For Sale Fair Value Disclosure
TotalLoansNetAndLoansHeldForSaleFairValueDisclosure
10146385000
CY2022Q4 rc Total Loans Net And Loans Held For Sale Unpaid Principal Balance
TotalLoansNetAndLoansHeldForSaleUnpaidPrincipalBalance
10313441000
CY2023Q1 rc Paycheck Protection Program Loans
PaycheckProtectionProgramLoans
146557000
CY2023Q1 rc Paycheck Protection Program Loans Unpaid Principal Balance
PaycheckProtectionProgramLoansUnpaidPrincipalBalance
153457000
CY2022Q4 rc Paycheck Protection Program Loans
PaycheckProtectionProgramLoans
186985000
CY2022Q4 rc Paycheck Protection Program Loans Unpaid Principal Balance
PaycheckProtectionProgramLoansUnpaidPrincipalBalance
196798000
CY2023Q1 us-gaap Notes Receivable Net
NotesReceivableNet
10293503000
CY2023Q1 rc Financing Receivable Unpaid Principal Balance Net Amount Total
FinancingReceivableUnpaidPrincipalBalanceNetAmountTotal
10439047000
CY2022Q4 us-gaap Notes Receivable Net
NotesReceivableNet
10333370000
CY2022Q4 rc Financing Receivable Unpaid Principal Balance Net Amount Total
FinancingReceivableUnpaidPrincipalBalanceNetAmountTotal
10510239000
CY2023Q1 rc Financing Receivable Allowance Specific And Purchased Credit Deteriorated Loans
FinancingReceivableAllowanceSpecificAndPurchasedCreditDeterioratedLoans
15100000
CY2022Q4 rc Financing Receivable Allowance Specific And Purchased Credit Deteriorated Loans
FinancingReceivableAllowanceSpecificAndPurchasedCreditDeterioratedLoans
32800000
CY2022Q4 rc Financing Receivable Allowance For Credit Loss Purchased With Credit Deterioration
FinancingReceivableAllowanceForCreditLossPurchasedWithCreditDeterioration
16000000.0
CY2023Q1 rc Financing Receivable Net Amount Unpaid Principal Amount Including Loans Of Consolidated Variable Interest Entities
FinancingReceivableNetAmountUnpaidPrincipalAmountIncludingLoansOfConsolidatedVariableInterestEntities
10043288000
CY2023Q1 us-gaap Financing Receivable Originated In Current Fiscal Year
FinancingReceivableOriginatedInCurrentFiscalYear
164181000
CY2023Q1 us-gaap Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year
FinancingReceivableOriginatedInFiscalYearBeforeLatestFiscalYear
3224537000
CY2023Q1 us-gaap Financing Receivable Originated Two Years Before Latest Fiscal Year
FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYear
3786587000
CY2023Q1 us-gaap Financing Receivable Originated Three Years Before Latest Fiscal Year
FinancingReceivableOriginatedThreeYearsBeforeLatestFiscalYear
485591000
CY2023Q1 us-gaap Financing Receivable Originated Four Years Before Latest Fiscal Year
FinancingReceivableOriginatedFourYearsBeforeLatestFiscalYear
1105796000
CY2023Q1 us-gaap Financing Receivable Originated Five Or More Years Before Latest Fiscal Year
FinancingReceivableOriginatedFiveOrMoreYearsBeforeLatestFiscalYear
1196317000
CY2023Q1 rc Financing Receivable Net Amount Including Loans Of Consolidated Variable Interest Entities
FinancingReceivableNetAmountIncludingLoansOfConsolidatedVariableInterestEntities
9963009000
CY2023Q1 rc Financing Receivables General Allowance For Loan Losses Assessed On Collective Basis
FinancingReceivablesGeneralAllowanceForLoanLossesAssessedOnCollectiveBasis
52641000
CY2023Q1 rc Financing Receivable Amount Including Loans Of Consolidated Variable Interest Entities Net Of General Allowance For Loan Losses
FinancingReceivableAmountIncludingLoansOfConsolidatedVariableInterestEntitiesNetOfGeneralAllowanceForLoanLosses
9910368000
CY2022Q4 rc Financing Receivable Net Amount Unpaid Principal Amount Including Loans Of Consolidated Variable Interest Entities
FinancingReceivableNetAmountUnpaidPrincipalAmountIncludingLoansOfConsolidatedVariableInterestEntities
10051827000
CY2022Q4 us-gaap Financing Receivable Originated In Current Fiscal Year
FinancingReceivableOriginatedInCurrentFiscalYear
3185285000
CY2022Q4 us-gaap Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year
FinancingReceivableOriginatedInFiscalYearBeforeLatestFiscalYear
3830867000
CY2022Q4 us-gaap Financing Receivable Originated Two Years Before Latest Fiscal Year
FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYear
511483000
CY2022Q4 us-gaap Financing Receivable Originated Three Years Before Latest Fiscal Year
FinancingReceivableOriginatedThreeYearsBeforeLatestFiscalYear
1133712000
CY2022Q4 us-gaap Financing Receivable Originated Four Years Before Latest Fiscal Year
FinancingReceivableOriginatedFourYearsBeforeLatestFiscalYear
418375000
CY2022Q4 us-gaap Financing Receivable Originated Five Or More Years Before Latest Fiscal Year
FinancingReceivableOriginatedFiveOrMoreYearsBeforeLatestFiscalYear
865996000
CY2022Q4 rc Financing Receivable Net Amount Including Loans Of Consolidated Variable Interest Entities
FinancingReceivableNetAmountIncludingLoansOfConsolidatedVariableInterestEntities
9945718000
CY2022Q4 rc Financing Receivables General Allowance For Loan Losses Assessed On Collective Basis
FinancingReceivablesGeneralAllowanceForLoanLossesAssessedOnCollectiveBasis
57710000
CY2022Q4 rc Financing Receivable Amount Including Loans Of Consolidated Variable Interest Entities Net Of General Allowance For Loan Losses
FinancingReceivableAmountIncludingLoansOfConsolidatedVariableInterestEntitiesNetOfGeneralAllowanceForLoanLosses
9888008000
CY2023Q1 rc Financing Receivable Net Amount Unpaid Principal Amount Including Loans Of Consolidated Variable Interest Entities
FinancingReceivableNetAmountUnpaidPrincipalAmountIncludingLoansOfConsolidatedVariableInterestEntities
10043288000
CY2023Q1 us-gaap Financing Receivable Originated In Current Fiscal Year
FinancingReceivableOriginatedInCurrentFiscalYear
164181000
CY2023Q1 us-gaap Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year
FinancingReceivableOriginatedInFiscalYearBeforeLatestFiscalYear
3224537000
CY2023Q1 us-gaap Financing Receivable Originated Two Years Before Latest Fiscal Year
FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYear
3786587000
CY2023Q1 us-gaap Financing Receivable Originated Three Years Before Latest Fiscal Year
FinancingReceivableOriginatedThreeYearsBeforeLatestFiscalYear
485591000
CY2023Q1 us-gaap Financing Receivable Originated Four Years Before Latest Fiscal Year
FinancingReceivableOriginatedFourYearsBeforeLatestFiscalYear
1105796000
CY2023Q1 us-gaap Financing Receivable Originated Five Or More Years Before Latest Fiscal Year
FinancingReceivableOriginatedFiveOrMoreYearsBeforeLatestFiscalYear
1196317000
CY2023Q1 rc Financing Receivable Net Amount Including Loans Of Consolidated Variable Interest Entities
FinancingReceivableNetAmountIncludingLoansOfConsolidatedVariableInterestEntities
9963009000
CY2023Q1 rc Financing Receivables General Allowance For Loan Losses Assessed On Collective Basis
FinancingReceivablesGeneralAllowanceForLoanLossesAssessedOnCollectiveBasis
52641000
CY2022Q4 rc Financing Receivable Net Amount Unpaid Principal Amount Including Loans Of Consolidated Variable Interest Entities
FinancingReceivableNetAmountUnpaidPrincipalAmountIncludingLoansOfConsolidatedVariableInterestEntities
10051827000
CY2022Q4 rc Financing Receivable Allowance For Credit Loss Purchased With Credit Deterioration
FinancingReceivableAllowanceForCreditLossPurchasedWithCreditDeterioration
15972000
CY2022Q4 us-gaap Financing Receivable Originated In Current Fiscal Year
FinancingReceivableOriginatedInCurrentFiscalYear
3185285000
CY2022Q4 us-gaap Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year
FinancingReceivableOriginatedInFiscalYearBeforeLatestFiscalYear
3830867000
CY2022Q4 us-gaap Financing Receivable Originated Two Years Before Latest Fiscal Year
FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYear
511483000
CY2022Q4 us-gaap Financing Receivable Originated Three Years Before Latest Fiscal Year
FinancingReceivableOriginatedThreeYearsBeforeLatestFiscalYear
1133712000
CY2022Q4 us-gaap Financing Receivable Originated Four Years Before Latest Fiscal Year
FinancingReceivableOriginatedFourYearsBeforeLatestFiscalYear
418375000
CY2022Q4 us-gaap Financing Receivable Originated Five Or More Years Before Latest Fiscal Year
FinancingReceivableOriginatedFiveOrMoreYearsBeforeLatestFiscalYear
865996000
CY2022Q4 rc Financing Receivable Net Amount Including Loans Of Consolidated Variable Interest Entities
FinancingReceivableNetAmountIncludingLoansOfConsolidatedVariableInterestEntities
9945718000
CY2022Q4 rc Financing Receivables General Allowance For Loan Losses Assessed On Collective Basis
FinancingReceivablesGeneralAllowanceForLoanLossesAssessedOnCollectiveBasis
57710000
CY2022Q4 rc Financing Receivable Amount Including Loans Of Consolidated Variable Interest Entities Net Of General Allowance For Loan Losses
FinancingReceivableAmountIncludingLoansOfConsolidatedVariableInterestEntitiesNetOfGeneralAllowanceForLoanLosses
9888008000
CY2023Q1 rc Financing Receivable Originated Year Before Latest Fiscal Year Gross Write Off
FinancingReceivableOriginatedYearBeforeLatestFiscalYearGrossWriteOff
123000
CY2023Q1 rc Financing Receivable Originated Two Years Before Latest Fiscal Year Gross Write Off
FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYearGrossWriteOff
140000
CY2023Q1 rc Financing Receivable Originated Three Years Before Latest Fiscal Year Gross Write Off
FinancingReceivableOriginatedThreeYearsBeforeLatestFiscalYearGrossWriteOff
176000
CY2023Q1 rc Financing Receivable Originated Five Or More Years Before Latest Fiscal Year Gross Write Off
FinancingReceivableOriginatedFiveOrMoreYearsBeforeLatestFiscalYearGrossWriteOff
17783000
CY2023Q1 rc Financing Receivable Allowance For Credit Loss Sales And Writeoff
FinancingReceivableAllowanceForCreditLossSalesAndWriteoff
18222000
CY2023Q1 rc Financing Receivable Net Amount Including Loans Of Consolidated Variable Interest Entities
FinancingReceivableNetAmountIncludingLoansOfConsolidatedVariableInterestEntities
9963009000
CY2023Q1 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
251682000
CY2023Q1 rc Financing Receivables General Allowance For Loan Losses Assessed On Collective Basis
FinancingReceivablesGeneralAllowanceForLoanLossesAssessedOnCollectiveBasis
52641000
CY2023Q1 rc Financing Receivable Amount Including Loans Of Consolidated Variable Interest Entities Net Of General Allowance For Loan Losses
FinancingReceivableAmountIncludingLoansOfConsolidatedVariableInterestEntitiesNetOfGeneralAllowanceForLoanLosses
9910368000
CY2023Q1 rc Financing Receivable Percentage Of Total Outstanding
FinancingReceivablePercentageOfTotalOutstanding
1
CY2023Q1 us-gaap Financing Receivable Nonaccrual Percent Past Due1
FinancingReceivableNonaccrualPercentPastDue1
0.025
CY2022Q4 rc Financing Receivable Net Amount Including Loans Of Consolidated Variable Interest Entities
FinancingReceivableNetAmountIncludingLoansOfConsolidatedVariableInterestEntities
9945718000
CY2022Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
242805000
CY2022Q4 rc Financing Receivables General Allowance For Loan Losses Assessed On Collective Basis
FinancingReceivablesGeneralAllowanceForLoanLossesAssessedOnCollectiveBasis
57710000
CY2022Q4 rc Financing Receivable Amount Including Loans Of Consolidated Variable Interest Entities Net Of General Allowance For Loan Losses
FinancingReceivableAmountIncludingLoansOfConsolidatedVariableInterestEntitiesNetOfGeneralAllowanceForLoanLosses
9888008000
CY2022 rc Financing Receivable Percentage Of Total Outstanding
FinancingReceivablePercentageOfTotalOutstanding
1
CY2022Q4 us-gaap Financing Receivable Nonaccrual Percent Past Due1
FinancingReceivableNonaccrualPercentPastDue1
0.024
CY2023Q1 rc Financing Receivable Net Amount Including Loans Of Consolidated Variable Interest Entities
FinancingReceivableNetAmountIncludingLoansOfConsolidatedVariableInterestEntities
9963009000
CY2023Q1 rc Financing Receivables General Allowance For Loan Losses Assessed On Collective Basis
FinancingReceivablesGeneralAllowanceForLoanLossesAssessedOnCollectiveBasis
52641000
CY2023Q1 rc Financing Receivable Amount Including Loans Of Consolidated Variable Interest Entities Net Of General Allowance For Loan Losses
FinancingReceivableAmountIncludingLoansOfConsolidatedVariableInterestEntitiesNetOfGeneralAllowanceForLoanLosses
9910368000
CY2022Q4 rc Financing Receivable Net Amount Including Loans Of Consolidated Variable Interest Entities
FinancingReceivableNetAmountIncludingLoansOfConsolidatedVariableInterestEntities
9945718000
CY2022Q4 rc Financing Receivables General Allowance For Loan Losses Assessed On Collective Basis
FinancingReceivablesGeneralAllowanceForLoanLossesAssessedOnCollectiveBasis
57710000
CY2022Q4 rc Financing Receivable Amount Including Loans Of Consolidated Variable Interest Entities Net Of General Allowance For Loan Losses
FinancingReceivableAmountIncludingLoansOfConsolidatedVariableInterestEntitiesNetOfGeneralAllowanceForLoanLosses
9888008000
CY2023Q1 rc Financing Receivables General Allowance For Loan Losses Assessed On Collective Basis
FinancingReceivablesGeneralAllowanceForLoanLossesAssessedOnCollectiveBasis
52641000
CY2023Q1 rc Financing Receivable Specific Allowance
FinancingReceivableSpecificAllowance
15139000
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
67780000
CY2022Q4 rc Financing Receivables General Allowance For Loan Losses Assessed On Collective Basis
FinancingReceivablesGeneralAllowanceForLoanLossesAssessedOnCollectiveBasis
57710000
CY2022Q4 rc Financing Receivable Specific Allowance
FinancingReceivableSpecificAllowance
16837000
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
90519000
CY2022Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
3306000
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
90519000
CY2023Q1 rc Financing Receivable Excluding Unfunded Lending Commitments Credit Loss Expense Reversal
FinancingReceivableExcludingUnfundedLendingCommitmentsCreditLossExpenseReversal
-4546000
CY2023Q1 rc Financing Receivable Allowance For Credit Loss Sales And Writeoff
FinancingReceivableAllowanceForCreditLossSalesAndWriteoff
18222000
CY2023Q1 rc Financing Receivable Allowance For Credit Loss Recovery Adjustment
FinancingReceivableAllowanceForCreditLossRecoveryAdjustment
29000
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
67780000
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
45377000
CY2022Q1 rc Financing Receivable Excluding Unfunded Lending Commitments Credit Loss Expense Reversal
FinancingReceivableExcludingUnfundedLendingCommitmentsCreditLossExpenseReversal
1241000
CY2022Q1 us-gaap Financing Receivable Allowance For Credit Loss Purchased With Credit Deterioration Increase
FinancingReceivableAllowanceForCreditLossPurchasedWithCreditDeteriorationIncrease
5000000
CY2022Q1 rc Financing Receivable Allowance For Credit Loss Sales And Writeoff
FinancingReceivableAllowanceForCreditLossSalesAndWriteoff
173000
CY2022Q1 rc Financing Receivable Allowance For Credit Loss Recovery Adjustment
FinancingReceivableAllowanceForCreditLossRecoveryAdjustment
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CY2022Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
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CY2023Q1 rc Financing Receivable Purchased With Credit Deterioration During Period
FinancingReceivablePurchasedWithCreditDeteriorationDuringPeriod
0
CY2022Q1 rc Financing Receivable Purchased With Credit Deterioration During Period
FinancingReceivablePurchasedWithCreditDeteriorationDuringPeriod
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CY2023Q1 rc Held To Maturity Securities Weighted Average Interest Rate
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CY2023Q1 us-gaap Held To Maturity Securities
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CY2023Q1 us-gaap Held To Maturity Securities Fair Value
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CY2022 rc Held To Maturity Securities Weighted Average Interest Rate
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CY2022Q4 us-gaap Held To Maturity Securities
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CY2023Q1 rc Interest And Fee Income Paycheck Protection Program Loans
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CY2022Q1 rc Interest And Fee Income Paycheck Protection Program Loans
InterestAndFeeIncomePaycheckProtectionProgramLoans
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CY2023Q1 rc Interest And Dividend Income Preferred Equity Investments
InterestAndDividendIncomePreferredEquityInvestments
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CY2023Q1 us-gaap Servicing Asset
ServicingAsset
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CY2022Q1 us-gaap Servicing Asset
ServicingAsset
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CY2023Q1 us-gaap Servicing Asset At Amortized Value
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CY2022Q4 us-gaap Principal Amount Outstanding On Loans Securitized
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CY2022Q4 us-gaap Servicing Asset At Amortized Value
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ServicingRightsAmortizationExpenseRemainderOfFiscalYear
10538000
CY2023Q1 rc Servicing Rights Amortization Expense Year One
ServicingRightsAmortizationExpenseYearOne
12231000
CY2023Q1 rc Servicing Rights Amortization Expense Year Two
ServicingRightsAmortizationExpenseYearTwo
10913000
CY2023Q1 rc Servicing Rights Amortization Expense Year Three
ServicingRightsAmortizationExpenseYearThree
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CY2023Q1 rc Servicing Rights Amortization Expense Year Four
ServicingRightsAmortizationExpenseYearFour
8618000
CY2023Q1 rc Servicing Rights Amortization Expense After Year Four
ServicingRightsAmortizationExpenseAfterYearFour
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CY2023Q1 us-gaap Servicing Asset At Amortized Value
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CY2023Q1 us-gaap Gain Loss On Sale Of Mortgage Loans
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CY2022Q1 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
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CY2023Q1 rc Creation Of New Mortgage Servicing Rights Net Of Payoffs
CreationOfNewMortgageServicingRightsNetOfPayoffs
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CY2022Q1 rc Creation Of New Mortgage Servicing Rights Net Of Payoffs
CreationOfNewMortgageServicingRightsNetOfPayoffs
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CY2023Q1 us-gaap Interest And Fee Income Loans Consumer Real Estate
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CY2022Q1 us-gaap Interest And Fee Income Loans Consumer Real Estate
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CY2023Q1 us-gaap Unrealized Gain Loss On Derivatives
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CY2022Q1 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
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CY2023Q1 us-gaap Interest And Fee Income Loans Consumer
InterestAndFeeIncomeLoansConsumer
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CY2022Q1 us-gaap Interest And Fee Income Loans Consumer
InterestAndFeeIncomeLoansConsumer
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CY2023Q1 rc Correspondent Fees And Other Direct Loan Expenses
CorrespondentFeesAndOtherDirectLoanExpenses
5485000
CY2022Q1 rc Correspondent Fees And Other Direct Loan Expenses
CorrespondentFeesAndOtherDirectLoanExpenses
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CY2023Q1 us-gaap Debt Instrument Convertible Carrying Amount Of The Equity Component
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CY2023Q1 us-gaap Interest Income Securities Mortgage Backed
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CY2022Q1 us-gaap Interest Income Securities Mortgage Backed
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CY2023Q1 us-gaap Interest And Dividend Income Operating
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CY2022Q1 us-gaap Interest And Dividend Income Operating
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CY2023Q1 us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
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CY2022Q1 us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
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CY2023Q1 rc Interest Expense Paycheck Protection Program Liquidity Financing Borrowings
InterestExpensePaycheckProtectionProgramLiquidityFinancingBorrowings
164000
CY2022Q1 rc Interest Expense Paycheck Protection Program Liquidity Financing Borrowings
InterestExpensePaycheckProtectionProgramLiquidityFinancingBorrowings
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CY2023Q1 us-gaap Interest Expense Beneficial Interests Issued By Consolidated Variable Interest Entities
InterestExpenseBeneficialInterestsIssuedByConsolidatedVariableInterestEntities
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CY2022Q1 us-gaap Interest Expense Beneficial Interests Issued By Consolidated Variable Interest Entities
InterestExpenseBeneficialInterestsIssuedByConsolidatedVariableInterestEntities
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CY2023Q1 us-gaap Financing Interest Expense
FinancingInterestExpense
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CY2022Q1 us-gaap Financing Interest Expense
FinancingInterestExpense
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CY2023Q1 rc Interest Expense Senior Secured Note
InterestExpenseSeniorSecuredNote
4381000
CY2022Q1 rc Interest Expense Senior Secured Note
InterestExpenseSeniorSecuredNote
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CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
115000000
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
120000000
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
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CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
100000000
CY2023Q1 rc Long Term Debt Maturities Repayments Of Principal After Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour
146250000
CY2023Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
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CY2023Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
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20023000
CY2023Q1 us-gaap Long Term Debt
LongTermDebt
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CY2023Q1 us-gaap Contractual Obligation Future Minimum Payments Due Remainder Of Fiscal Year
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149000
CY2023Q1 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
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CY2023Q1 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
1136000
CY2023Q1 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
3881000
CY2023Q1 us-gaap Contractual Obligation Due In Fourth Year
ContractualObligationDueInFourthYear
11475000
CY2023Q1 rc Contractual Obligation Due After Fourth Year
ContractualObligationDueAfterFourthYear
221448000
CY2023Q1 us-gaap Contractual Obligation
ContractualObligation
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CY2023Q1 rc Principal Amount Outstanding On Loans Securitized Non Company Sponsored
PrincipalAmountOutstandingOnLoansSecuritizedNonCompanySponsored
7700000
CY2022Q4 rc Principal Amount Outstanding On Loans Securitized Non Company Sponsored
PrincipalAmountOutstandingOnLoansSecuritizedNonCompanySponsored
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CY2023Q1 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
211968000
CY2022Q1 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
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CY2023Q1 us-gaap Interest And Fee Income Loans And Leases Held For Sale
InterestAndFeeIncomeLoansAndLeasesHeldForSale
2307000
CY2022Q1 us-gaap Interest And Fee Income Loans And Leases Held For Sale
InterestAndFeeIncomeLoansAndLeasesHeldForSale
4371000
CY2023Q1 rc Interest Expense Corporate Debt
InterestExpenseCorporateDebt
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CY2022Q1 rc Interest Expense Corporate Debt
InterestExpenseCorporateDebt
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CY2023Q1 us-gaap Interest Expense
InterestExpense
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CY2022Q1 us-gaap Interest Expense
InterestExpense
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CY2023Q1 us-gaap Interest Income Expense Net
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CY2022Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
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CY2023Q1 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
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CY2023Q1 rc Derivative Asset Fair Value Asset
DerivativeAssetFairValueAsset
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CY2023Q1 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
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CY2022Q4 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
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CY2022Q4 rc Derivative Asset Fair Value Asset
DerivativeAssetFairValueAsset
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CY2022Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
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CY2023Q1 us-gaap Derivative Gain Loss On Derivative Net
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CY2023Q1 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Loss
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CY2022Q1 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
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CY2022Q1 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Loss
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CY2022Q4 us-gaap Servicing Liability
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CY2023Q1 us-gaap Deferred Income Tax Liabilities Net
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CY2023Q1 rc Repair And Denial Reserve
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CY2022Q4 rc Repair And Denial Reserve
RepairAndDenialReserve
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CY2023Q1 us-gaap Due To Related Parties Current And Noncurrent
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CY2022Q4 us-gaap Due To Related Parties Current And Noncurrent
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CY2023Q1 rc Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Real Estate Held For Sale
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedRealEstateHeldForSale
57130000
CY2022Q4 rc Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Real Estate Held For Sale
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedRealEstateHeldForSale
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CY2023Q1 rc Other Real Estate Acquired Through Foreclosure
OtherRealEstateAcquiredThroughForeclosure
32974000
CY2022Q4 rc Other Real Estate Acquired Through Foreclosure
OtherRealEstateAcquiredThroughForeclosure
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CY2023Q1 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
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CY2022Q4 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
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CY2023Q1 us-gaap Goodwill
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CY2022Q4 us-gaap Goodwill
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CY2023Q1 rc Deferred Loan Exit Fees
DeferredLoanExitFees
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CY2022Q4 rc Deferred Loan Exit Fees
DeferredLoanExitFees
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CY2023Q1 us-gaap Interest Receivable
InterestReceivable
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CY2022Q4 us-gaap Interest Receivable
InterestReceivable
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CY2023Q1 rc Due From Servicers
DueFromServicers
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CY2022Q4 rc Due From Servicers
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CY2023Q1 us-gaap Intangible Assets Net Excluding Goodwill
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CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
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CY2023Q1 rc Due From Third Parties
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CY2022Q4 rc Due From Third Parties
DueFromThirdParties
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CY2023Q1 rc Deferred Finance Costs Excluding Secured Debt Offerings Net
DeferredFinanceCostsExcludingSecuredDebtOfferingsNet
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CY2022Q4 rc Deferred Finance Costs Excluding Secured Debt Offerings Net
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CY2023Q1 us-gaap Deferred Income Tax Assets Net
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CY2023Q1 us-gaap Operating Lease Right Of Use Asset
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CY2022Q4 us-gaap Operating Lease Right Of Use Asset
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CY2022Q4 us-gaap Other Assets
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CY2023Q1 us-gaap Prepaid Expense And Other Assets
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CY2022Q4 us-gaap Prepaid Expense And Other Assets
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CY2022Q4 us-gaap Interest Payable Current And Noncurrent
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CY2023Q1 us-gaap Servicing Liability
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CY2023Q1 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
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CY2022Q4 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
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CY2023Q1 us-gaap Goodwill
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CY2022Q4 us-gaap Goodwill
Goodwill
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CY2023Q1 us-gaap Intangible Assets Net Excluding Goodwill
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CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
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CY2023Q1 us-gaap Amortization Of Intangible Assets
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CY2022Q1 us-gaap Amortization Of Intangible Assets
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CY2023Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
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CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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2264000
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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1216000
CY2023Q1 rc Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
4664000
CY2023Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
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CY2023Q1 rc Loan Indemnification Reserve
LoanIndemnificationReserve
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CY2023Q1 rc Origination Income
OriginationIncome
4612000
CY2022Q1 rc Origination Income
OriginationIncome
1654000
CY2023Q1 rc Release Of Repair And Denial Reserve
ReleaseOfRepairAndDenialReserve
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CY2022Q1 rc Release Of Repair And Denial Reserve
ReleaseOfRepairAndDenialReserve
2193000
CY2023Q1 rc Employee Retention Credit Consulting Income
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CY2023Q1 us-gaap Other Operating Income
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5795000
CY2022Q1 us-gaap Other Operating Income
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CY2023Q1 us-gaap Noninterest Income Other Operating Income
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CY2022Q1 us-gaap Noninterest Income Other Operating Income
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6501000
CY2023Q1 rc Loan Origination Costs
LoanOriginationCosts
1655000
CY2022Q1 rc Loan Origination Costs
LoanOriginationCosts
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CY2023Q1 us-gaap Communications And Information Technology
CommunicationsAndInformationTechnology
2114000
CY2022Q1 us-gaap Communications And Information Technology
CommunicationsAndInformationTechnology
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CY2023Q1 rc Charge Off Of Real Estate Acquired In Settlement Of Loans
ChargeOffOfRealEstateAcquiredInSettlementOfLoans
3418000
CY2022Q1 rc Charge Off Of Real Estate Acquired In Settlement Of Loans
ChargeOffOfRealEstateAcquiredInSettlementOfLoans
1827000
CY2023Q1 rc Rent And Property Tax Expense
RentAndPropertyTaxExpense
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CY2022Q1 rc Rent And Property Tax Expense
RentAndPropertyTaxExpense
1095000
CY2023Q1 rc Recruiting Training And Travel Expenses
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CY2022Q1 rc Recruiting Training And Travel Expenses
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CY2023Q1 us-gaap Marketing Expense
MarketingExpense
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CY2022Q1 us-gaap Marketing Expense
MarketingExpense
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CY2023Q1 us-gaap Other Expenses
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CY2022Q1 us-gaap Other Expenses
OtherExpenses
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CY2023Q1 us-gaap Other Cost And Expense Operating
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14318000
CY2022Q1 us-gaap Other Cost And Expense Operating
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CY2023Q1 rc Net Income Loss From Continuing Operations Basic
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CY2022Q1 rc Net Income Loss From Continuing Operations Basic
NetIncomeLossFromContinuingOperationsBasic
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CY2023Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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CY2022Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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CY2023Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2022Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2023Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
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CY2022Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
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CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
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CY2022Q2 us-gaap Common Stock Dividends Per Share Declared
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CY2022Q4 us-gaap Common Stock Dividends Per Share Declared
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CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
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CY2023Q1 us-gaap Share Based Compensation
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CY2022Q1 us-gaap Share Based Compensation
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CY2023Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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CY2022Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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CY2023Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2022Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2023Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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CY2023Q1 rc Net Income Loss From Continuing Operations Diluted
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CY2022Q1 rc Net Income Loss From Continuing Operations Diluted
NetIncomeLossFromContinuingOperationsDiluted
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CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2023Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2022Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022Q1 us-gaap Earnings Per Share Basic
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CY2022Q1 us-gaap Earnings Per Share Diluted
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CY2023Q1 us-gaap Derivative Assets
DerivativeAssets
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CY2023Q1 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross
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CY2023Q1 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Asset
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CY2023Q1 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned
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CY2023Q1 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Securities
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CY2023Q1 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Amount Offset Against Collateral
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CY2022Q4 us-gaap Derivative Fair Value Of Derivative Asset
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CY2022Q4 us-gaap Derivative Asset Fair Value Gross Liability
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CY2022Q4 us-gaap Derivative Assets
DerivativeAssets
12963000
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
12963000
CY2022Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross
3049372000
CY2022Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Asset
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset
482000
CY2022Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned
3048890000
CY2022Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Securities
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities
3033278000
CY2022Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Amount Offset Against Collateral
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral
15612000
CY2022Q1 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
8007000
CY2022Q1 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
45315000
CY2022Q1 rc Bank Servicing Income
BankServicingIncome
10528000
CY2022Q1 rc Non Interest Income On Purchased Future Receivables
NonInterestIncomeOnPurchasedFutureReceivables
2469000
CY2023Q1 rc Nondeductible Excise Tax Rate
NondeductibleExciseTaxRate
0.04
CY2023Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2023Q1 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
217573000
CY2023Q1 us-gaap Interest Expense
InterestExpense
160394000
CY2023Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
57179000
CY2023Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
-6734000
CY2023Q1 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
63913000
CY2023Q1 us-gaap Interest And Fee Income Loans Consumer
InterestAndFeeIncomeLoansConsumer
9169000
CY2023Q1 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
11575000
CY2023Q1 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-11728000
CY2023Q1 rc Bank Servicing Income
BankServicingIncome
14003000
CY2023Q1 rc Non Interest Income On Purchased Future Receivables
NonInterestIncomeOnPurchasedFutureReceivables
540000
CY2023Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
656000
CY2023Q1 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
19883000
CY2023Q1 us-gaap Noninterest Income
NoninterestIncome
44098000
CY2023Q1 us-gaap Labor And Related Expense
LaborAndRelatedExpense
25139000
CY2023Q1 rc Related Party Transaction Allocated Employee Compensation And Benefits
RelatedPartyTransactionAllocatedEmployeeCompensationAndBenefits
2326000
CY2023Q1 rc Correspondent Fees And Other Direct Loan Expenses
CorrespondentFeesAndOtherDirectLoanExpenses
5485000
CY2023Q1 us-gaap Professional Fees
ProfessionalFees
5717000
CY2023Q1 us-gaap Management Fee Expense
ManagementFeeExpense
5081000
CY2023Q1 us-gaap Incentive Fee Expense
IncentiveFeeExpense
1720000
CY2023Q1 us-gaap Loan Portfolio Expense
LoanPortfolioExpense
9963000
CY2023Q1 us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
893000
CY2023Q1 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
14318000
CY2023Q1 us-gaap Noninterest Expense
NoninterestExpense
70642000
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
37369000
CY2023Q1 rc Assets Excluding Assets Of Discontinued Operations
AssetsExcludingAssetsOfDiscontinuedOperations
11537463000
CY2022Q1 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
124405000
CY2022Q1 us-gaap Interest Expense
InterestExpense
61017000
CY2022Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
63388000
CY2022Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
1542000
CY2022Q1 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
61846000
CY2022Q1 us-gaap Interest And Fee Income Loans Consumer
InterestAndFeeIncomeLoansConsumer
8424000
CY2022Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
6563000
CY2022Q1 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
6501000
CY2022Q1 us-gaap Noninterest Income
NoninterestIncome
87807000
CY2022Q1 us-gaap Labor And Related Expense
LaborAndRelatedExpense
27968000
CY2022Q1 rc Related Party Transaction Allocated Employee Compensation And Benefits
RelatedPartyTransactionAllocatedEmployeeCompensationAndBenefits
3000000
CY2022Q1 rc Correspondent Fees And Other Direct Loan Expenses
CorrespondentFeesAndOtherDirectLoanExpenses
979000
CY2022Q1 us-gaap Professional Fees
ProfessionalFees
5126000
CY2022Q1 us-gaap Management Fee Expense
ManagementFeeExpense
3196000
CY2022Q1 us-gaap Loan Portfolio Expense
LoanPortfolioExpense
8920000
CY2022Q1 us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
5699000
CY2022Q1 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
12653000
CY2022Q1 us-gaap Noninterest Expense
NoninterestExpense
67541000
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
82112000
CY2022Q1 rc Assets Excluding Assets Of Discontinued Operations
AssetsExcludingAssetsOfDiscontinuedOperations
11476244000

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