XML 81 R75.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Business Segments - Summary of Segment Reporting Information by Segment (Detail) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
 [1]
NET INTEREST INCOME          
Interest income $ 40,631 $ 42,460 $ 83,162 $ 83,350  
Interest expense 20,546 18,570 42,728 34,264  
Net interest income 20,085 23,890 40,434 49,086  
Provision for credit losses 3,100 10,013 2,100 8,503  
Net interest income after provision for credit losses 16,985 13,877 38,334 40,583  
NONINTEREST INCOME          
Fair value adjustments of other equity investments (8,537) (281) (8,544) (332)  
Residential mortgage banking income 3,090 3,145 5,754 6,344  
Mortgage servicing rights 2,019 1,150 2,748 (746)  
Gain on sale of guaranteed government loans 11 2,384 121 4,793  
Other income 3,725 3,338 8,054 6,960  
Total noninterest income 308 9,736 8,133 17,019  
NONINTEREST EXPENSE          
Salaries and employee benefits 14,932 14,518 30,977 29,807  
Regulatory remediation 1,397 2,388 4,041 3,522  
Other expenses 13,015 17,146 26,800 29,570  
Total noninterest expense 29,344 34,052 61,818 62,899  
Loss before income tax expense (12,051) (10,439) (15,351) (5,297)  
Income tax (benefit) expense (616) (1,826) (1,023) (654)  
Net loss (11,435) (8,613) (14,328) (4,643)  
Total assets 2,933,072 3,214,424 2,933,072 3,214,424 $ 3,117,554
Commercial Banking [Member]          
NET INTEREST INCOME          
Interest income 40,179 42,040 82,378 82,619  
Interest expense 19,775 17,853 41,251 32,855  
Net interest income 20,404 24,187 41,127 49,764  
Provision for credit losses 3,100 10,013 2,100 8,503  
Net interest income after provision for credit losses 17,304 14,174 39,027 41,261  
NONINTEREST INCOME          
Fair value adjustments of other equity investments 0 0 0 0  
Residential mortgage banking income 0 0 0 0  
Mortgage servicing rights 0 0 0 0  
Gain on sale of guaranteed government loans 11 2,384 121 4,793  
Other income 3,818 3,438 8,229 7,151  
Total noninterest income 3,829 5,822 8,350 11,944  
NONINTEREST EXPENSE          
Salaries and employee benefits 13,582 12,233 27,750 24,861  
Regulatory remediation 1,397 2,388 4,041 3,522  
Other expenses 11,733 13,529 24,136 23,605  
Total noninterest expense 26,712 28,150 55,927 51,988  
Loss before income tax expense (5,579) (8,154) (8,550) 1,217  
Income tax (benefit) expense 758 (1,199) 437 882  
Net loss (6,337) (6,955) (8,987) 335  
Total assets 2,883,732 3,141,817 2,883,732 3,141,817  
Mortgage Banking [Member]          
NET INTEREST INCOME          
Interest income 452 415 784 720  
Interest expense 219 170 365 309  
Net interest income 233 245 419 411  
Provision for credit losses 0 0 0 0  
Net interest income after provision for credit losses 233 245 419 411  
NONINTEREST INCOME          
Fair value adjustments of other equity investments 0 0 0 0  
Residential mortgage banking income 3,090 3,145 5,754 6,344  
Mortgage servicing rights 2,019 1,150 2,748 (746)  
Gain on sale of guaranteed government loans 0 0 0 0  
Other income 0 0 0 0  
Total noninterest income 5,109 4,295 8,502 5,598  
NONINTEREST EXPENSE          
Salaries and employee benefits 1,339 2,285 3,183 4,946  
Regulatory remediation 0 0 0 0  
Other expenses 1,182 1,392 2,394 2,877  
Total noninterest expense 2,521 3,677 5,577 7,823  
Loss before income tax expense 2,821 863 3,344 (1,814)  
Income tax (benefit) expense 575 34 661 (549)  
Net loss 2,246 829 2,683 (1,265)  
Total assets 41,433 41,124 41,433 41,124  
Parents Only [Member]          
NET INTEREST INCOME          
Interest income 0 5 0 11  
Interest expense 552 547 1,112 1,100  
Net interest income (552) (542) (1,112) (1,089)  
Provision for credit losses 0 0 0 0  
Net interest income after provision for credit losses (552) (542) (1,112) (1,089)  
NONINTEREST INCOME          
Fair value adjustments of other equity investments (8,537) (281) (8,544) (332)  
Residential mortgage banking income 0 0 0 0  
Mortgage servicing rights 0 0 0 0  
Gain on sale of guaranteed government loans 0 0 0 0  
Other income 0 (1) 17 7  
Total noninterest income (8,537) (282) (8,527) (325)  
NONINTEREST EXPENSE          
Salaries and employee benefits 11 0 44 0  
Regulatory remediation 0 0 0 0  
Other expenses 193 2,324 462 3,286  
Total noninterest expense 204 2,324 506 3,286  
Loss before income tax expense (9,293) (3,148) (10,145) (4,700)  
Income tax (benefit) expense (1,949) (661) (2,121) (987)  
Net loss (7,344) (2,487) (8,024) (3,713)  
Total assets 372,515 273,280 372,515 273,280  
Eliminations [Member]          
NET INTEREST INCOME          
Interest income 0 0 0 0  
Interest expense 0 0 0 0  
Net interest income 0 0 0 0  
Provision for credit losses 0 0 0 0  
Net interest income after provision for credit losses 0 0 0 0  
NONINTEREST INCOME          
Fair value adjustments of other equity investments 0 0 0 0  
Residential mortgage banking income 0 0 0 0  
Mortgage servicing rights 0 0 0 0  
Gain on sale of guaranteed government loans 0 0 0 0  
Other income (93) (99) (192) (198)  
Total noninterest income (93) (99) (192) (198)  
NONINTEREST EXPENSE          
Salaries and employee benefits 0 0 0 0  
Regulatory remediation 0 0 0 0  
Other expenses (93) (99) (192) (198)  
Total noninterest expense (93) (99) (192) (198)  
Loss before income tax expense 0 0 0 0  
Income tax (benefit) expense 0 0 0 0  
Net loss 0 0 0 0  
Total assets $ (364,608) $ (241,797) $ (364,608) $ (241,797)  
[1] Derived from audited December 31, 2023 Consolidated Financial Statements.