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Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

Summary of Financial Information of Reportable Segments and Reconciliation to Consolidated Financial Results

Summarized financial information concerning the Company's reportable segments and the reconciliation to the consolidated financial results is shown in the following tables for the periods indicated:

			September 30, 2024																								December 31, 2023
			Community Bank						CCBX						Treasury & Administration						Consolidated						Community Bank						CCBX						Treasury & Administration						Consolidated
Assets			(dollars in thousands; unaudited)
Cash and Due from Banks			$	5,052					$	11,481					$	467,493					$	484,026					$	4,702					$	9,601					$	468,825					$	483,128
Intrabank assets			—						557,119						(557,119)						—						—						653,178						(653,178)						—
Securities			—						—						48,620						48,620						—						—						150,364						150,364
Loans held for sale			—						7,565						—						7,565						—						—						—						—
Total loans receivable			1,897,540						1,521,292						—						3,418,832						1,830,154						1,195,938						—						3,026,092
Allowance for credit losses			(20,132)						(150,131)						—						(170,263)						(21,595)						(95,363)						—						(116,958)
All other assets			29,176						200,430						47,435						277,041						30,169						136,931						43,640						210,740
Total assets			$	1,911,636					$	2,147,756					$	6,429					$	4,065,821					$	1,843,430					$	1,900,285					$	9,651					$	3,753,366
Liabilities
Total deposits			$	1,522,525					$	2,104,763					$	—					$	3,627,288					$	1,497,601					$	1,862,762					$	—					$	3,360,363
Total borrowings			—						—						47,847						47,847						—						—						47,734						47,734
Intrabank liabilities			380,647						—						(380,647)						—						338,614						—						(338,614)						—
All other liabilities			8,464						42,993						7,299						58,756						7,215						37,523						5,553						50,291
Total liabilities			$	1,911,636					$	2,147,756					$	(325,501)					$	3,733,891					$	1,843,430					$	1,900,285					$	(285,327)					$	3,458,388

			Three months ended September 30, 2024																								Three months ended September 30, 2023
			Community Bank						CCBX						Treasury & Administration						Consolidated						Community Bank						CCBX						Treasury & Administration						Consolidated
			(dollars in thousands; unaudited)
INTEREST INCOME AND EXPENSE
Interest income			$	31,898					$	67,692					$	5,489		$	—		$	105,079					$	27,373					$	56,279					$	4,679					$	88,331
Interest (expense) income intrabank transfer			(5,540)						6,764						(1,224)			—			—						(3,036)						5,095						(2,059)						—
Interest expense			7,264						24,819						809						32,892						5,067						20,384						651						26,102
Net interest income			19,094						49,637						3,456						72,187						19,270						40,990						1,969						62,229
Provision/(Recapture) for credit losses - loans			(519)						72,104						—						71,585						664						26,493						—						27,157
Provision for unfunded commitments			(1,248)						(80)						—						(1,328)						—						96						—						96
Net interest income/(expense) after provision for credit losses - loans and unfunded commitments			20,861						(22,387)						3,456						1,930						18,606						14,401						1,969						34,976
NONINTEREST INCOME
Deposit service charges and fees			939						13						—						952						986						12						—						998
Other income			156						1						331						488						176						107						121						404
BaaS program income			—						6,436						—						6,436						—						4,401						—						4,401
BaaS indemnification income			—						72,192						—						72,192						—						28,776						—						28,776
Noninterest income (1)			1,095						78,642						331						80,068						1,162						33,296						121						34,579
NONINTEREST EXPENSE
Salaries and employee benefits			6,130						6,990						3,981						17,101						6,241						6,859						4,987						18,087
Occupancy			873						87						790						1,750						927						96						201						1,224
Data processing and software licenses			1,348						1,160						1,003						3,511						1,329						543						494						2,366
Legal and professional expenses			28						2,039						1,530						3,597						495						3,030						922						4,447
Other expense			960						2,599						1,402						4,961						1,073						2,174						1,277						4,524
BaaS loan expense			—						32,612						—						32,612						—						23,003						—						23,003
BaaS fraud expense			—						2,084						—						2,084						—						2,850						—						2,850
Total noninterest expense			9,339						47,571						8,706						65,616						10,065						38,555						7,881						56,501
Net income/(loss) before income taxes			12,617						8,684						(4,919)						16,382						9,703						9,142						(5,791)						13,054
Income taxes			2,042						1,798						(914)						2,926						2,068						1,951						(1,235)						2,784
Net income/(loss)			$	10,575					$	6,886					$	(4,005)					$	13,456					$	7,635					$	7,191					$	(4,556)					$	10,270

			Nine Months Ended September 30, 2024																								Nine Months Ended September 30, 2023
			Community Bank						CCBX						Treasury & Administration						Consolidated						Community Bank						CCBX						Treasury & Administration						Consolidated
			(dollars in thousands; unaudited)
INTEREST INCOME AND EXPENSE
Interest income			$	92,692					$	182,463					$	17,883					$	293,038					$	78,151					$	152,131					$	11,846					$	242,128
Interest income (expense) intrabank transfer			(16,975)						23,214						(6,239)						—						(6,605)						11,234						(4,629)						—
Interest expense			19,736						71,792						2,150						93,678						11,264						49,820						1,974						63,058
Net interest income			55,981						133,885						9,494						199,360						60,282						113,545						5,243						179,070
Provision/(Recapture) for credit losses - loans			(1,059)						214,052						—						212,993						1,045						122,254						—						123,299
Provision for unfunded commitments			1,224						1,523						—						2,747						(203)						107						—						(96)
Net interest income after provision for credit losses - loans and unfunded commitments			55,816						(81,690)						9,494						(16,380)						59,440						(8,816)						5,243						55,867
NONINTEREST INCOME
Deposit service charges and fees			2,770						36						—						2,806						2,862						35						—						2,897
Other income			570						72						603						1,245						1,004						434						521						1,959
BaaS program income			—						17,357						—						17,357						—						11,924						—						11,924
BaaS indemnification income			—						215,533						—						215,533						—						125,701						—						125,701
Noninterest income (1)			3,340						232,998						603						236,941						3,866						138,094						521						142,481
NONINTEREST EXPENSE
Salaries and employee benefits			18,171						21,388						12,531						52,090						18,034						18,412						13,525						49,971
Occupancy			2,653						281						2,020						4,954						2,918						257						411						3,586
Data processing and software licenses			3,441						2,983						2,903						9,327						3,202						1,667						1,309						6,178
Legal and professional expenses			78						6,458						4,364						10,900						1,563						7,630						2,961						12,154
Other expense			2,894						5,990						2,972						11,856						3,031						5,250						3,928						12,209
BaaS loan expense			—						86,525						—						86,525						—						62,590						—						62,590
BaaS fraud expense			—						4,791						—						4,791						—						6,386						—						6,386
Total noninterest expense			27,237						128,416						24,790						180,443						28,748						102,192						22,134						153,074
Net income before income taxes			31,919						22,892						(14,693)						40,118						34,558						27,086						(16,370)						45,274
Income taxes			6,176						5,452						(3,362)						8,266						7,409						5,807						(3,509)						9,707
Net Income			$	25,743					$	17,440					$	(11,330)					$	31,852					27,149						21,279						(12,861)						35,567

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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X

- References

No definition available.

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