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SEGMENT REPORTING (Tables) | 12 Months Ended
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Dec. 31, 2021
Segment Reporting [Abstract] |
Information About the Reportable Segments and Reconciliation to the Consolidated Financial Statements | Information about the reportable segments and reconciliation to the consolidated financial statements for the years ended December 31, 2021, 2020 and 2019 are as follows:
|  | 2021
(Dollars in thousands) |  | CoRe Banking |  | Mortgage Banking |  | Financial Holding Company |  | Other |  | Intercompany Eliminations |  | Consolidated
Interest income |  | $ | 83,023 |  |  | $ | 411 |  |  | $ | 15 |  |  | $ | (8) |  |  | $ | (12) |  |  | $ | 83,429 |
Interest expense |  | 4,078 |  |  | — |  |  | 2,188 |  |  | 16 |  |  | (12) |  |  | 6,270 |
Net interest income (loss) |  | 78,945 |  |  | 411 |  |  | (2,173) |  |  | (24) |  |  | — |  |  | 77,159 |
Provision (release of allowance) for loan losses |  | (6,274) |  |  | (1) |  |  | — |  |  | — |  |  | — |  |  | (6,275) |
Net interest income after provision (release of allowance) for loan losses |  | 85,219 |  |  | 412 |  |  | (2,173) |  |  | (24) |  |  | — |  |  | 83,434 |
Total noninterest income |  | 33,179 |  |  | 16,342 |  |  | 11,103 |  |  | 15,002 |  |  | (13,030) |  |  | 62,596 |
Noninterest Expenses: |  |  |  |  |  |  |  |  |  |  |  |
Salaries and employee benefits |  | 33,595 |  |  | — |  |  | 13,704 |  |  | 12,911 |  |  | — |  |  | 60,210 |
Other expenses |  | 37,033 |  |  | 16 |  |  | 6,573 |  |  | 6,650 |  |  | (13,030) |  |  | 37,242 |
Total noninterest expenses |  | 70,628 |  |  | 16 |  |  | 20,277 |  |  | 19,561 |  |  | (13,030) |  |  | 97,452 |
Income (loss) before income taxes |  | 47,770 |  |  | 16,738 |  |  | (11,347) |  |  | (4,583) |  |  | — |  |  | 48,578 |
Income tax expense (benefit) |  | 9,154 |  |  | 4,068 |  |  | (2,091) |  |  | (1,249) |  |  | — |  |  | 9,882 |
Net income (loss) |  | 38,616 |  |  | 12,670 |  |  | (9,256) |  |  | (3,334) |  |  | — |  |  | 38,696 |
Net loss attributable to noncontrolling interest |  | — |  |  | — |  |  | — |  |  | 425 |  |  | — |  |  | 425 |
Net income (loss) attributable to parent |  | 38,616 |  |  | 12,670 |  |  | (9,256) |  |  | (2,909) |  |  | — |  |  | 39,121 |
Preferred stock dividends |  | — |  |  | — |  |  | 35 |  |  | — |  |  | — |  |  | 35 |
Net income (loss) available to common shareholders |  | $ | 38,616 |  |  | $ | 12,670 |  |  | $ | (9,291) |  |  | $ | (2,909) |  |  | $ | — |  |  | $ | 39,086 |
Capital expenditures for the year ended December 31, 2021 |  | $ | 2,590 |  |  | $ | — |  |  | $ | 43 |  |  | $ | 2,731 |  |  | $ | — |  |  | $ | 5,365 |
Total assets as of December 31, 2021 |  | 2,804,840 |  |  | 50,202 |  |  | 363,971 |  |  | 23,124 |  |  | (449,688) |  |  | 2,792,449 |
Goodwill as of December 31, 2021 |  | — |  |  | — |  |  | — |  |  | 3,988 |  |  | — |  |  | 3,988 |
|  | 2020
(Dollars in thousands) |  | CoRe Banking |  | Mortgage Banking |  | Financial Holding Company |  | Other |  | Intercompany Eliminations |  | Consolidated
Interest income |  | $ | 75,812 |  |  | $ | 6,269 |  |  | $ | 3 |  |  | $ | — |  |  | $ | (1,631) |  |  | $ | 80,453 |
Interest expense |  | 10,400 |  |  | 3,139 |  |  | 261 |  |  | — |  |  | (2,173) |  |  | 11,627 |
Net interest income |  | 65,412 |  |  | 3,130 |  |  | (258) |  |  | — |  |  | 542 |  |  | 68,826 |
Provision (release of allowance) for loan losses |  | 16,649 |  |  | (70) |  |  | — |  |  |  |  | — |  |  | 16,579 |
Net interest income after provision (release of allowance) for loan losses |  | 48,763 |  |  | 3,200 |  |  | (258) |  |  | — |  |  | 542 |  |  | 52,247 |
Total noninterest income |  | 24,420 |  |  | 63,490 |  |  | 6,685 |  |  | 5,909 |  |  | (8,667) |  |  | 91,837 |
Noninterest Expenses: |  |  |  |  |  |  |  |  |  |  |  |
Salaries and employee benefits |  | 25,808 |  |  | 21,550 |  |  | 11,278 |  |  | 2,993 |  |  | — |  |  | 61,629 |
Other expenses |  | 31,389 |  |  | 5,074 |  |  | 5,265 |  |  | 1,909 |  |  | (8,125) |  |  | 35,512 |
Total noninterest expenses |  | 57,197 |  |  | 26,624 |  |  | 16,543 |  |  | 4,902 |  |  | (8,125) |  |  | 97,141 |
Net income (loss) |  | 14,507 |  |  | 30,204 |  |  | (8,034) |  |  | 734 |  |  | — |  |  | 37,411 |
Preferred stock dividends |  | — |  |  | — |  |  | 461 |  |  | — |  |  | — |  |  | 461 |
Net income (loss) available to common shareholders |  | $ | 14,507 |  |  | $ | 30,204 |  |  | $ | (8,495) |  |  | $ | 734 |  |  | $ | — |  |  | $ | 36,950 |
Capital expenditures for the year ended December 31, 2020 |  | $ | 6,439 |  |  | $ | 99 |  |  | $ | 77 |  |  | $ | — |  |  | $ | — |  |  | $ | 6,615 |
Total assets as of December 31, 2020 |  | 2,335,816 |  |  | 58,140 |  |  | 284,943 |  |  | 7,740 |  |  | (355,163) |  |  | 2,331,476 |
Goodwill as of December 31, 2020 |  | — |  |  | — |  |  | — |  |  | 2,350 |  |  | — |  |  | 2,350 |
|  | 2019
(Dollars in thousands) |  | CoRe Banking |  | Mortgage Banking |  | Financial Holding Company |  | Other |  | Intercompany Eliminations |  | Consolidated
Interest income |  | $ | 75,874 |  |  | $ | 8,342 |  |  | $ | 13 |  |  | $ | — |  |  | $ | (1,868) |  |  | $ | 82,361 |
Interest expense |  | 18,698 |  |  | 6,014 |  |  | 769 |  |  | — |  |  | (2,520) |  |  | 22,961 |
Net interest income |  | 57,176 |  |  | 2,328 |  |  | (756) |  |  | — |  |  | 652 |  |  | 59,400 |
Provision for loan losses |  | 1,622 |  |  | 167 |  |  | — |  |  | — |  |  | — |  |  | 1,789 |
Net interest income after provision for loan losses |  | 55,554 |  |  | 2,161 |  |  | (756) |  |  | — |  |  | 652 |  |  | 57,611 |
Total noninterest income |  | 22,718 |  |  | 42,329 |  |  | 6,268 |  |  | 972 |  |  | (7,683) |  |  | 64,604 |
Noninterest Expenses: |  |  |  |  |  |  |  |  |  |  |  |
Salaries and employee benefits |  | 18,445 |  |  | 28,432 |  |  | 8,676 |  |  | 622 |  |  | — |  |  | 56,175 |
Other expenses |  | 24,697 |  |  | 8,136 |  |  | 4,851 |  |  | 373 |  |  | (7,031) |  |  | 31,026 |
Total noninterest expenses |  | 43,142 |  |  | 36,568 |  |  | 13,527 |  |  | 995 |  |  | (7,031) |  |  | 87,201 |
Income (loss) from continuing operations, before income taxes |  | 35,131 |  |  | 7,922 |  |  | (8,015) |  |  | (24) |  |  | — |  |  | 35,014 |
Income tax expense (benefit) - continuing operations |  | 8,177 |  |  | 2,155 |  |  | (1,880) |  |  | (2) |  |  | — |  |  | 8,450 |
Net income (loss) from continuing operations |  | 26,954 |  |  | 5,767 |  |  | (6,135) |  |  | (22) |  |  | — |  |  | 26,564 |
Income from discontinued operations, before income taxes |  | — |  |  | — |  |  | 575 |  |  | — |  |  | — |  |  | 575 |
Income tax expense - discontinued operations |  | — |  |  | — |  |  | 148 |  |  | — |  |  | — |  |  | 148 |
Net income from discontinued operations |  | — |  |  | — |  |  | 427 |  |  | — |  |  | — |  |  | 427 |
Net income (loss) |  | 26,954 |  |  | 5,767 |  |  | (5,708) |  |  | (22) |  |  | — |  |  | 26,991 |
Preferred stock dividends |  | — |  |  | — |  |  | 479 |  |  | — |  |  | — |  |  | 479 |
Net income (loss) available to common shareholders |  | $ | 26,954 |  |  | $ | 5,767 |  |  | $ | (6,187) |  |  | $ | (22) |  |  | $ | — |  |  | $ | 26,512 |
Capital expenditures for the year ended December 31, 2019 |  | $ | 1,438 |  |  | $ | 112 |  |  | $ | 492 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,042 |

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