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v3.23.2

Acquisitions and Divestitures (Tables) | 6 Months Ended
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Jun. 30, 2023
Business Combination and Asset Acquisition [Abstract] |
Summary of Carrying Amount of Assets in Disposal Group and Gain on Sale | A summary of the carrying amount of the assets sold and the gain on sale is as follows:
(Dollars in thousands) |
Equipment loans | $ | 191,167 |
Accrued interest receivable | 1,587 |
Assets sold | 192,754 |
Cash consideration | 197,454 |
Return of premium liability | (708) |
Total consideration | 196,746 |
Transaction costs | 73 |
Gain on sale, net of transaction costs | $ | 3,919 |
A summary of the carrying amounts of the assets and liabilities sold and the gains on sale are as follows:
(Dollars in thousands) | June 30, 2022 |  | September 6, 2022 |  | Total
Factored receivables | $ | 67,888 |  |  | $ | 20,131 |  |  | $ | 88,019 |
Accrued interest and fee income | — |  |  | 17 |  |  | 17 |
Assets held for sale | 67,888 |  |  | 20,148 |  |  | 88,036 |
Customer reserve noninterest bearing deposits | 9,682 |  |  | 1,149 |  |  | 10,831 |
Liabilities held for sale | 9,682 |  |  | 1,149 |  |  | 10,831 |
Net assets sold | 58,206 |  |  | 18,999 |  |  | 77,205 |
Cash consideration | 66,292 |  |  | 19,054 |  |  | 85,346 |
Revenue share asset | 5,210 |  |  | 1,027 |  |  | 6,237 |
Total consideration | 71,502 |  |  | 20,081 |  |  | 91,583 |
Transaction costs | 82 |  |  | 49 |  |  | 131 |
Gain on sale, net of transaction costs | $ | 13,214 |  |  | $ | 1,033 |  |  | $ | 14,247 |

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