XML 49 R32.htm IDEA: XBRL DOCUMENT
v3.22.4

Business Segment Information | 12 Months Ended
--- | ---
Dec. 31, 2022
Segment Reporting [Abstract] |
Business Segment Information | BUSINESS SEGMENT INFORMATION The following presents the Company’s operating segments. The accounting policies of the segments are substantially the same as those described in Note 1 – Summary of Significant Accounting Policies. Transactions between segments consist primarily of borrowed funds. Intersegment interest expense is allocated to the Factoring segment and the Payments segment (when the Payments segment is not self-funded) based on Federal Home Loan Bank advance rates. When the Payments segment is self-funded with funding in excess of its factored receivables, intersegment interest income is allocated based on the Federal Funds effective rate. Credit loss expense is allocated based on the segment’s allowance for credit losses determination. Noninterest income and expense directly attributable to a segment are assigned accordingly. The majority of salaries and benefits expense for our executive leadership team as well as other selling, general, and administrative shared services costs, including a significant amount of information technology expense, are allocated to the Banking segment.. Taxes are paid on a consolidated basis and are not allocated for segment purposes. The Factoring segment includes only factoring originated by Triumph Financial Services.
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |
Year Ended December 31, 2022 |  | Banking |  | Factoring |  | Payments |  | Corporate |  | Consolidated
Total interest income |  | $ | 195,871 |  |  | $ | 207,114 |  |  | $ | 16,079 |  |  | $ | 175 |  |  | $ | 419,239 |
Intersegment interest allocations |  | 9,567 |  |  | (9,444) |  |  | (123) |  |  | — |  |  | — |
Total interest expense |  | 10,873 |  |  | — |  |  | — |  |  | 7,874 |  |  | 18,747 |
Net interest income (expense) |  | 194,565 |  |  | 197,670 |  |  | 15,956 |  |  | (7,699) |  |  | 400,492 |
Credit loss expense (benefit) |  | 2,753 |  |  | 2,895 |  |  | 218 |  |  | 1,059 |  |  | 6,925 |
Net interest income (expense) after credit loss expense |  | 191,812 |  |  | 194,775 |  |  | 15,738 |  |  | (8,758) |  |  | 393,567 |
Noninterest income |  | 41,096 |  |  | 22,272 |  |  | 20,620 |  |  | 80 |  |  | 84,068 |
Noninterest expense |  | 186,770 |  |  | 87,197 |  |  | 63,231 |  |  | 3,433 |  |  | 340,631 |
Operating income (loss) |  | $ | 46,138 |  |  | $ | 129,850 |  |  | $ | (26,873) |  |  | $ | (12,111) |  |  | $ | 137,004 |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |
Year Ended December 31, 2021 |  | Banking |  | Factoring |  | Payments |  | Corporate |  | Consolidated
Total interest income |  | $ | 189,621 |  |  | $ | 185,741 |  |  | $ | 12,093 |  |  | $ | 100 |  |  | $ | 387,555 |
Intersegment interest allocations |  | 10,389 |  |  | (9,878) |  |  | (511) |  |  | — |  |  | — |
Total interest expense |  | 10,205 |  |  | — |  |  | — |  |  | 8,220 |  |  | 18,425 |
Net interest income (expense) |  | 189,805 |  |  | 175,863 |  |  | 11,582 |  |  | (8,120) |  |  | 369,130 |
Credit loss expense (benefit) |  | (19,016) |  |  | 9,691 |  |  | 438 |  |  | 57 |  |  | (8,830) |
Net interest income (expense) after credit loss expense |  | 208,821 |  |  | 166,172 |  |  | 11,144 |  |  | (8,177) |  |  | 377,960 |
Noninterest income |  | 33,447 |  |  | 13,005 |  |  | 7,451 |  |  | 598 |  |  | 54,501 |
Noninterest expense |  | 169,114 |  |  | 74,768 |  |  | 39,769 |  |  | 3,856 |  |  | 287,507 |
Operating income (loss) |  | $ | 73,154 |  |  | $ | 104,409 |  |  | $ | (21,174) |  |  | $ | (11,435) |  |  | $ | 144,954 |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |
Year Ended December 31, 2020 |  | Banking |  | Factoring |  | Payments |  | Corporate |  | Consolidated
Total interest income |  | $ | 207,978 |  |  | $ | 109,391 |  |  | $ | 4,474 |  |  | $ | 272 |  |  | $ | 322,115 |
Intersegment interest allocations |  | 12,815 |  |  | (12,371) |  |  | (444) |  |  | — |  |  | — |
Total interest expense |  | 29,910 |  |  | — |  |  | — |  |  | 7,477 |  |  | 37,387 |
Net interest income (expense) |  | 190,883 |  |  | 97,020 |  |  | 4,030 |  |  | (7,205) |  |  | 284,728 |
Credit loss expense (benefit) |  | 20,217 |  |  | 16,042 |  |  | 172 |  |  | 1,898 |  |  | 38,329 |
Net interest income (expense) after credit loss expense |  | 170,666 |  |  | 80,978 |  |  | 3,858 |  |  | (9,103) |  |  | 246,399 |
Gain on sale of subsidiary or division |  | 9,758 |  |  | — |  |  | — |  |  | — |  |  | 9,758 |
Other noninterest income |  | 29,379 |  |  | 21,010 |  |  | 125 |  |  | 113 |  |  | 50,627 |
Noninterest expense |  | 151,115 |  |  | 54,011 |  |  | 12,880 |  |  | 4,068 |  |  | 222,074 |
Operating income (loss) |  | $ | 58,688 |  |  | $ | 47,977 |  |  | $ | (8,897) |  |  | $ | (13,058) |  |  | $ | 84,710 |
Total assets and gross loans below include intersegment loans, which eliminate in consolidation.
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |
December 31, 2022 |  | Banking |  | Factoring |  | Payments |  | Corporate |  | Eliminations |  | Consolidated
Total assets |  | $ | 4,931,666 |  |  | $ | 1,250,476 |  |  | $ | 371,948 |  |  | $ | 1,040,175 |  |  | $ | (2,260,482) |  |  | $ | 5,333,783 |
Gross loans |  | $ | 3,576,216 |  |  | $ | 1,151,727 |  |  | $ | 85,722 |  |  | $ | — |  |  | $ | (693,374) |  |  | $ | 4,120,291 |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |
December 31, 2021 |  | Banking |  | Factoring |  | Payments |  | Corporate |  | Eliminations |  | Consolidated
Total assets |  | $ | 5,568,826 |  |  | $ | 1,679,495 |  |  | $ | 293,212 |  |  | $ | 1,009,998 |  |  | $ | (2,595,281) |  |  | $ | 5,956,250 |
Gross loans |  | $ | 4,444,136 |  |  | $ | 1,546,361 |  |  | $ | 153,176 |  |  | $ | 700 |  |  | $ | (1,276,801) |  |  | $ | 4,867,572 |

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration