XML 66 R52.htm IDEA: XBRL DOCUMENT v3.22.0.1

Stock Based Compensation (Tables)

12 Months Ended

Dec. 31, 2021

Share-based Payment Arrangement [Abstract]

Summary of Changes in Company's Nonvested Restricted Stock Awards

A summary of changes in the Company’s nonvested Restricted Stock Awards (“RSAs”) under the Omnibus Incentive Plan for the year ended December 31, 2021 were as follows:

Nonvested RSAs						Shares						Weighted Average Grant Date Fair Value
Nonvested at January 1, 2021						205,536						$	29.17
Granted						241,014						89.06
Vested						(78,017)						34.08
Forfeited						(5,129)						48.41
Nonvested at December 31, 2021						363,404						$	67.56

Summary of Changes in Company's Nonvested Restricted Stock Units

A summary of changes in the Company’s nonvested Restricted Stock Units (“RSUs”) under the Omnibus Incentive Plan for the year ended December 31, 2021 were as follows:

Nonvested RSUs						Shares						Weighted Average Grant Date Fair Value
Nonvested at January 1, 2021						89,713						$	33.34
Granted						32,757						103.36
Vested						—						—
Forfeited						—						—
Nonvested at December 31, 2021						122,470						$	52.07

Summary of Changes in Company's Nonvested Performance Stock Units

A summary of changes in the Company’s nonvested Market Based Performance Stock Units (“Market Based PSUs”) under the Omnibus Incentive Plan for the year ended December 31, 2021 were as follows:

Nonvested Market Based PSUs						Shares						Weighted Average Grant Date Fair Value
Nonvested at January 1, 2021						85,611						$	35.65
Granted						13,520						98.03
Vested						—						—
Forfeited						(4,147)						55.02
Nonvested at December 31, 2021						94,984						$	43.68

A summary of changes in the Company’s nonvested Performance Based Performance Stock Units (“Performance Based PSUs”) under the Omnibus Incentive Plan for the year ended December 31, 2021 were as follows:

Nonvested Performance Based PSUs						Shares						Weighted Average Grant Date Fair Value
Nonvested at January 1, 2021						256,625						$	37.56
Granted						9,000						88.63
Vested						—						—
Forfeited						(6,242)						38.02
Nonvested at December 31, 2021						259,383						$	39.32

Schedule of Fair Value of Market Based Performance Stock Units, Weighted Average Assumptions

The fair value of the Market Based PSUs granted was determined using the following weighted average assumptions:

			Year Ended December 31,
			2021						2020						2019
Grant date			May 1, 2021						May 1, 2020						May 1, 2019
Performance period			3.00 years						3.00 years						3.00 years
Stock price			$	88.63					$	26.25					$	30.82
Triumph stock price volatility			51.71		%				43.02		%				28.29		%
Risk-free rate			0.35		%				0.25		%				2.25		%

Summary of Changes in Company's Stock Options

A summary of changes in the Company’s stock options under the Omnibus Incentive Plan for the year ended December 31, 2021 were as follows:

Stock Options						Shares						Weighted Average Exercise Price						Weighted Average Remaining Contractual Term (In Years)						Aggregate Intrinsic Value (In Thousands)
Outstanding at January 1, 2021						227,986						$	25.16
Granted						16,939						88.63
Exercised						(78,170)						22.13
Forfeited						—						—
Expired						—						—
Outstanding at December 31, 2021						166,755						$	33.34					6.43						$	14,297
Fully vested shares and shares expected to vest at December 31, 2021						166,755						$	33.34					6.43						$	14,297
Shares exercisable at December 31, 2021						103,994						$	25.64					5.43						$	9,717

Schedule of Information Related to Stock Options

Information related to the stock options for the years ended December 31, 2021, 2020 and 2019 was as follows:

			Year Ended December 31,
(Dollars in thousands, except per share amounts)			2021						2020						2019
Aggregate intrinsic value of options exercised			$	5,304					$	940					$	155
Cash received from option exercises			$	577					$	—					$	—
Tax benefit realized from option exercises			$	1,114					$	197					$	33
Weighted average fair value of options granted (per share)			$	35.37					$	8.85					$	10.03
Fair value of vested awards			$	381					$	471					$	465

Fair Value of Stock Options Granted Weighted-Average Assumptions

The fair value of the stock options granted was determined using the following weighted average assumptions:

			2021						2020						2019
Risk-free interest rate			1.16		%				0.46		%				2.33		%
Expected term			6.25 years						6.25 years						6.25 years
Expected stock price volatility			39.26		%				33.83		%				27.46		%
Dividend yield			—						—						—

X

- Definition

Share-based compensation performance stock units, valuation assumptions.

+ References

No definition available.

+ Details

Name:	tbk_ShareBasedCompensationPerformanceStockUnitsValuationAssumptionsTableTableTextBlock
Namespace Prefix:	tbk_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of cash received from exercise of stock options and similar instruments granted under share-based payment arrangements and tax benefit from exercise of stock options.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2A
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=SL79508275-113901

+ Details

Name:	us-gaap_CashProceedsReceivedAndTaxBenefitFromShareBasedPaymentAwardsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the changes in outstanding nonvested restricted stock shares.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

+ Details

Name:	us-gaap_NonvestedRestrictedStockSharesActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the changes in outstanding nonvested restricted stock units.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of number and weighted-average grant date fair value for nonvested performance shares.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

+ Details

Name:	us-gaap_ShareBasedCompensationPerformanceSharesAwardUnvestedActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration