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SEGMENT INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Schedule of Segment Financial Information | Selected business segment financial information for the years ended December 31, 2024, 2023 and 2022 were as follows:
(dollars in thousands) | Banking |  | Wealth Management |  |  |  | Corporate |  | Total
Year Ended December 31, 2024 |  |  |  |  |  |  |  |  |
Interest income | $ | 426,113 |  |  | $ | — |  |  |  |  | $ | 15 |  |  | $ | 426,128 |
Interest expense | 180,643 |  |  | 51 |  |  |  |  | 9,088 |  |  | 189,782 |
Net interest income (expense) | 245,470 |  |  | (51) |  |  |  |  | (9,073) |  |  | 236,346 |
Provision for credit losses | 120,332 |  |  | — |  |  |  |  | — |  |  | 120,332 |
Wealth management revenue | — |  |  | 28,697 |  |  |  |  | — |  |  | 28,697 |
Credit enhancement income | 60,998 |  |  | — |  |  |  |  | — |  |  | 60,998 |
Other noninterest income | 49,123 |  |  | — |  |  |  |  | (77) |  |  | 49,046 |
Total noninterest income | 110,121 |  |  | 28,697 |  |  |  |  | (77) |  |  | 138,741 |
Salaries and employee benefits | 79,011 |  |  | 14,628 |  |  |  |  | — |  |  | 93,639 |
Depreciation expense | 4,950 |  |  | 43 |  |  |  |  | — |  |  | 4,993 |
Amortization of intangible assets | 2,900 |  |  | 1,108 |  |  |  |  | — |  |  | 4,008 |
Other noninterest expense(1) | 101,855 |  |  | 6,111 |  |  |  |  | (2,751) |  |  | 105,215 |
Total noninterest expense | 188,716 |  |  | 21,890 |  |  |  |  | (2,751) |  |  | 207,855 |
Income (loss) before income taxes (benefit) | 46,543 |  |  | 6,756 |  |  |  |  | (6,399) |  |  | 46,900 |
Income taxes (benefit) | 10,037 |  |  | 3,257 |  |  |  |  | (4,438) |  |  | 8,856 |
Net income (loss) | $ | 36,506 |  |  | $ | 3,499 |  |  |  |  | $ | (1,961) |  |  | $ | 38,044 |
Total assets | $ | 7,486,121 |  |  | $ | 32,303 |  |  |  |  | $ | (11,615) |  |  | $ | 7,506,809 |
Year Ended December 31, 2023 (restated) |  |  |  |  |  |  |  |  |
Interest income | $ | 416,997 |  |  | $ | — |  |  |  |  | $ | 103 |  |  | $ | 417,100 |
Interest expense | 159,316 |  |  | 12 |  |  |  |  | 8,951 |  |  | 168,279 |
Net interest income (expense) | 257,681 |  |  | (12) |  |  |  |  | (8,848) |  |  | 248,821 |
Provision for credit losses | 82,560 |  |  | — |  |  |  |  | — |  |  | 82,560 |
Wealth management revenue | — |  |  | 25,572 |  |  |  |  | — |  |  | 25,572 |
Credit enhancement income | 48,194 |  |  | — |  |  |  |  | — |  |  | 48,194 |
Other noninterest income | 40,830 |  |  | — |  |  |  |  | 188 |  |  | 41,018 |
Total noninterest income | 89,024 |  |  | 25,572 |  |  |  |  | 188 |  |  | 114,784 |
Salaries and employee benefits | 79,584 |  |  | 13,854 |  |  |  |  | — |  |  | 93,438 |
Depreciation expense | 4,722 |  |  | 56 |  |  |  |  | — |  |  | 4,778 |
Amortization of intangible assets | 3,564 |  |  | 1,194 |  |  |  |  | — |  |  | 4,758 |
Other noninterest expense(1) | 86,798 |  |  | 5,143 |  |  |  |  | (1,832) |  |  | 90,109 |
Total noninterest expense | 174,668 |  |  | 20,247 |  |  |  |  | (1,832) |  |  | 193,083 |
Income (loss) before income taxes (benefit) | 89,477 |  |  | 5,313 |  |  |  |  | (6,828) |  |  | 87,962 |
Income taxes (benefit) | 27,348 |  |  | 2,309 |  |  |  |  | (2,850) |  |  | 26,807 |
Net income (loss) | $ | 62,129 |  |  | $ | 3,004 |  |  |  |  | $ | (3,978) |  |  | $ | 61,155 |
Total assets | $ | 7,768,201 |  |  | $ | 31,437 |  |  |  |  | $ | (9,592) |  |  | $ | 7,790,046 |
(dollars in thousands) | Banking |  | Wealth Management |  |  |  | Corporate |  | Total
Year Ended December 31, 2022 (restated) |  |  |  |  |  |  |  |  |
Interest income | $ | 312,701 |  |  | $ | — |  |  |  |  | $ | 14 |  |  | $ | 312,715 |
Interest expense | 45,515 |  |  | — |  |  |  |  | 10,505 |  |  | 56,020 |
Net interest income (expense) | 267,186 |  |  | — |  |  |  |  | (10,491) |  |  | 256,695 |
Provision for credit losses | 76,764 |  |  | — |  |  |  |  | — |  |  | 76,764 |
Wealth management revenue | — |  |  | 25,708 |  |  |  |  | — |  |  | 25,708 |
Credit enhancement income | 69,976 |  |  | — |  |  |  |  | — |  |  | 69,976 |
Other noninterest income | 54,179 |  |  | — |  |  |  |  | 4 |  |  | 54,183 |
Total noninterest income | 124,155 |  |  | 25,708 |  |  |  |  | 4 |  |  | 149,867 |
Salaries and employee benefits | 77,822 |  |  | 12,483 |  |  |  |  | — |  |  | 90,305 |
Depreciation expense | 4,784 |  |  | 58 |  |  |  |  | — |  |  | 4,842 |
Amortization of intangible assets | 4,121 |  |  | 1,289 |  |  |  |  | — |  |  | 5,410 |
Other noninterest expense(1) | 93,703 |  |  | 4,189 |  |  |  |  | (37) |  |  | 97,855 |
Total noninterest expense | 180,430 |  |  | 18,019 |  |  |  |  | (37) |  |  | 198,412 |
Income (loss) before income taxes (benefit) | 134,147 |  |  | 7,689 |  |  |  |  | (10,450) |  |  | 131,386 |
Income taxes (benefit) | 35,391 |  |  | 2,136 |  |  |  |  | (6,378) |  |  | 31,149 |
Net income (loss) | $ | 98,756 |  |  | $ | 5,553 |  |  |  |  | $ | (4,072) |  |  | $ | 100,237 |
Total assets | $ | 7,779,531 |  |  | $ | 29,332 |  |  |  |  | $ | (15,797) |  |  | $ | 7,793,066 |
(1)Other noninterest expense for Banking includes occupancy and equipment, data processing, FDIC insurance, professional services, marketing, communications, loan expense and other miscellaneous expenses. Other noninterest expense for Wealth Management includes occupancy and equipment, data processing, professional services, marketing, communications and other miscellaneous expenses. Other noninterest expense for Corporate includes data processing, professional services, marketing and other miscellaneous expenses.

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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 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: 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 3: 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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