XML 31 R19.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Premises and Equipment and Assets Held for Sale | 12 Months Ended
--- | ---
Dec. 31, 2024
Property, Plant and Equipment [Abstract] |
Premises and Equipment and Assets Held for Sale | Note 8—Premises and Equipment and Assets Held for Sale Classifications of premises and equipment as of December 31, 2024 and 2023 and were as follows:
|  | 2024 |  |  | 2023 |
Premises |  | $ | 41,667 |  |  | $ | 43,883 |
Furniture, fixtures and equipment |  |  | 15,609 |  |  |  | 16,789 |
Leasehold improvements |  |  | 6,339 |  |  |  | 7,182 |
Total cost |  |  | 63,615 |  |  |  | 67,854 |
Less accumulated depreciation, amortization and impairment |  |  | (33,900 | ) |  |  | (33,398 | )
Net book value of premises, furniture, fixtures, equipment, and leasehold improvements |  |  | 29,715 |  |  |  | 34,456 |
Construction in progress |  |  | 529 |  |  |  | 374 |
Land |  |  | 30,258 |  |  |  | 31,797 |
Premises and equipment, net |  | $ | 60,502 |  |  | $ | 66,627 |
Depreciation and amortization expense related to premises and equipment for the years ended December 31, 2024, 2023, and 2022 was $5.0 million, $4.5 million and $4.3 million, respectively. Refer to Note 9—Leases for additional discussion related to operating lease commitments. During 2022, six branches were closed and consolidated, three branches were transferred to assets held for sale, and five former branch locations and one vacant property were sold. During 2023, six branch locations were acquired as part of the Inland acquisition, and two former branch locations were sold. During 2024, two leased branches were closed and consolidated into existing branch locations. Four former branch locations and one vacant property were sold. In addition, one branch location was transferred to assets held for sale and subsequently sold for a gain of $1.0 million, which is reflected in other non-interest expense on the Consolidated Statements of Operations. The location was leased back with an initial term of five-years, including a five-year renewal option. During the year ended December 31, 2024, an impairment charge of $1.1 million was recognized on premises and equipment relating to two branches that were closed in 2024 and is reflected in other non-interest expense. During the year ended December 31, 2024, the Company recorded $258,000 of impairment related to one branch facility, which was damaged due to fire. There was no impact on the Consolidated Statements of Operations as a result of insurance proceeds received. During the years ended December 31, 2023 and 2022, there were no impairment charges on premises and equipment. Branches owned by the Company and actively marketed for sale are transferred to assets held for sale based on the lower of carrying value or fair value, less estimated costs to sell. Assets are considered held for sale when management has approved the sale of the assets following a branch closure or other events. The following table presents the change in assets held for sale for the years ended December 31, 2024, 2023, and 2022:
|  | 2024 |  |  | 2023 |  |  | 2022 |
Beginning balance |  | $ | 4,484 |  |  | $ | 8,673 |  |  | $ | 9,153 |
Transfers in |  |  | 2,095 |  |  |  | — |  |  |  | 2,961 |
Proceeds from sales |  |  | (6,044 | ) |  |  | (2,538 | ) |  |  | (3,277 | )
Net gains on sales |  |  | 1,490 |  |  |  | 349 |  |  |  | 208 |
Impairment charge |  |  | — |  |  |  | (2,000 | ) |  |  | (372 | )
Ending balance |  | $ | 2,025 |  |  | $ | 4,484 |  |  | $ | 8,673 |

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

X
- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
Name: | us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration