v3.24.1.1.u2

Segments (Tables) | 3 Months Ended
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Mar. 31, 2024
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | The following schedule presents financial information for each reportable segment at March 31, 2024 and March 31, 2023.
For the Three Months Ended March 31, 2024 |  |  |  |  |  |  |  |
(in thousands) |  | Commercial Bank |  | CBHL |  | OpenSky™ |  | Corporate(2) |  | Eliminations |  | Consolidated
Interest income |  | $ | 32,529 |  |  | $ | 83 |  |  | $ | 14,921 |  |  | $ | 899 |  |  | $ | (63) |  |  | $ | 48,369 |
Interest expense |  | 13,154 |  |  | 41 |  |  | — |  |  | 229 |  |  | (63) |  |  | 13,361 |
Net interest income |  | 19,375 |  |  | 42 |  |  | 14,921 |  |  | 670 |  |  | — |  |  | 35,008 |
Provision for credit losses |  | 1,109 |  |  | — |  |  | 1,559 |  |  | 59 |  |  | — |  |  | 2,727 |
Provision for credit losses on unfunded commitments |  | 142 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 142 |
Net interest income after provision |  | 18,124 |  |  | 42 |  |  | 13,362 |  |  | 611 |  |  | — |  |  | 32,139 |
Noninterest income |  | 704 |  |  | 1,352 |  |  | 3,915 |  |  | 1 |  |  | — |  |  | 5,972 |
Noninterest expense(1) |  | 12,259 |  |  | 2,105 |  |  | 13,599 |  |  | 1,524 |  |  | — |  |  | 29,487 |
Net income (loss) before taxes |  | $ | 6,569 |  |  | $ | (711) |  |  | $ | 3,678 |  |  | $ | (912) |  |  | $ | — |  |  | $ | 8,624 |
Total assets |  | $ | 2,160,051 |  |  | $ | 10,785 |  |  | $ | 105,318 |  |  | $ | 281,766 |  |  | $ | (233,682) |  |  | $ | 2,324,238 |
For the Three Months Ended March 31, 2023 |  |  |  |  |  |  |  |  |  |
Interest income |  | $ | 26,300 |  |  | $ | 77 |  |  | $ | 16,130 |  |  | $ | 978 |  |  | $ | (69) |  |  | $ | 43,416 |
Interest expense |  | 8,739 |  |  | 30 |  |  | — |  |  | 229 |  |  | (69) |  |  | 8,929 |
Net interest income |  | 17,561 |  |  | 47 |  |  | 16,130 |  |  | 749 |  |  | — |  |  | 34,487 |
(Release of) provision for credit losses |  | (161) |  |  | — |  |  | 1,821 |  |  | — |  |  | — |  |  | 1,660 |
Release of credit losses on unfunded commitments |  | (19) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (19) |
Net interest income after provision |  | 17,741 |  |  | 47 |  |  | 14,309 |  |  | 749 |  |  | — |  |  | 32,846 |
Noninterest income |  | 489 |  |  | 1,327 |  |  | 4,210 |  |  | — |  |  | — |  |  | 6,026 |
Noninterest expense(1) |  | 11,759 |  |  | 2,336 |  |  | 11,738 |  |  | 389 |  |  | — |  |  | 26,222 |
Net income (loss) before taxes |  | $ | 6,471 |  |  | $ | (962) |  |  | $ | 6,781 |  |  | $ | 360 |  |  | $ | — |  |  | $ | 12,650 |
Total assets |  | $ | 2,074,634 |  |  | $ | 10,193 |  |  | $ | 106,761 |  |  | $ | 257,048 |  |  | $ | (203,350) |  |  | $ | 2,245,286 |
(1) Noninterest expense includes $6.1 million and $5.9 million in data processing expense in OpenSky’s™ segment for the three months ended March 31, 2024 and 2023, respectively. (2) The Corporate segment invests idle cash in revenue producing assets including interest-bearing cash accounts, loan participations and other appropriate investments for the Company.

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- 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 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: 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 3: 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 4: 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 + Details
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