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Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Information About the Reportable Segments and Reconciliation to the Consolidated Financial Statements

The following tables present information about the reportable segments and reconciliation to the consolidated financial statements for the periods shown:

Three Months Ended June 30, 2022						CoRe Banking						Mortgage Banking						Professional Services						Edge Ventures						Financial Holding Company												Intercompany Eliminations						Consolidated
(Dollars in thousands)
Interest income						$	27,910					$	103					$	—					$	—					$	87											$	(10)					$	28,090
Interest expense						672						—						8						—						760												(10)						1,430
Net interest income (expense)						27,238						103						(8)						—						(673)												—						26,660
Provision for loan losses						5,100						—						—						—						—												—						5,100
Net interest income (expense) after provision for loan losses						22,138						103						(8)						—						(673)												—						21,560
Total noninterest income						7,093						787						5,686						110						3,228												(4,995)						11,909
Noninterest Expenses:
Salaries and employee benefits						9,948						—						3,872						724						4,439												—						18,983
Other expenses						10,913						94						1,407						1,170						2,247												(4,995)						10,836
Total noninterest expenses						20,861						94						5,279						1,894						6,686												(4,995)						29,819
Income (loss) before income taxes						8,370						796						399						(1,784)						(4,131)												—						3,650
Income taxes						1,771						207						95						(399)						(815)												—						859
Net income (loss)						6,599						589						304						(1,385)						(3,316)												—						2,791
Net loss attributable to noncontrolling interest						—						—						63						102						—												—						165
Net income (loss) available to common shareholders						$	6,599					$	589					$	367					$	(1,283)					$	(3,316)											$	—					$	2,956
Capital expenditures for the three months ended June 30, 2022						$	—					$	—					$	5					$	829					$	47											$	—					$	881
Total assets as of June 30, 2022						$	3,003,459					$	52,519					$	16,463					$	17,777					$	338,132											$	(443,922)					$	2,984,428
Total assets as of December 31, 2021						$	2,804,840					$	50,202					$	—					$	—					$	363,971											$	(449,688)					$	2,792,449
Goodwill as of June 30, 2022						$	—					$	—					$	3,988					$	—					$	—											$	—					$	3,988
Goodwill as of December 31, 2021						$	—					$	—					$	3,988					$	—					$	—											$	—					$	3,988

Three Months Ended June 30, 2021						CoRe Banking						Mortgage Banking						Professional Services						Edge Ventures						Financial Holding Company												Intercompany Eliminations						Consolidated
(Dollars in thousands)
Interest income						$	20,736					$	98					$	—					$	—					$	—											$	(1)					$	20,833
Interest expense						1,287						—						3						—						490												(2)						1,778
Net interest income (expense)						19,449						98						(3)						—						(490)												1						19,055
Release of allowance for loan losses						(1,540)						—						—						—						—												—						(1,540)
Net interest income (expense) after provision for loan losses						20,989						98						(3)						—						(490)												1						20,595
Total noninterest income						6,700						4,546						3,286						—						2,309												(3,197)						13,644
Noninterest Expenses:
Salaries and employee benefits						8,038						—						2,212						134						3,277												—						13,661
Other expenses						10,289						23						1,167						122						1,337												(3,196)						9,742
Total noninterest expenses						18,327						23						3,379						256						4,614												(3,196)						23,403
Income (loss) before income taxes						9,362						4,621						(96)						(256)						(2,795)												—						10,836
Income taxes						1,266						1,120						(32)						(66)						(615)												—						1,673
Net income (loss)						8,096						3,501						(64)						(190)						(2,180)												—						9,163
Net loss attributable to noncontrolling interest						—						—						46						38						—												—						84
Net income (loss) available to common shareholders						$	8,096					$	3,501					$	(18)					$	(152)					$	(2,180)											$	—					$	9,247
Capital expenditures for the three months ended June 30, 2021						$	687					$	22					$	7					$	—					$	—											$	—					$	716

Six Months Ended June 30, 2022						CoRe Banking						Mortgage Banking						Professional Services						Edge Ventures						Financial Holding Company												Intercompany Eliminations						Consolidated
(Dollars in thousands)
Interest income						$	51,081					$	206					$	—					$	—					$	80											$	(15)					$	51,352
Interest expense						1,331						—						15						—						1,513												(15)						2,844
Net interest income (expense)						49,750						206						(15)						—						(1,433)												—						48,508
Provision for loan losses						6,380						—						—						—						—												—						6,380
Net interest income (expense) after provision for loan losses						43,370						206						(15)						—						(1,433)												—						42,128
Total noninterest income						13,991						2,010						11,243						185						5,899												(9,549)						23,779
Noninterest Expenses:
Salaries and employee benefits						19,456						—						7,670						1,323						8,495												—						36,944
Other expenses						21,961						94						2,562						2,217						4,452												(9,549)						21,737
Total noninterest expenses						41,417						94						10,232						3,540						12,947												(9,549)						58,681
Income (loss) before income taxes						15,944						2,122						996						(3,355)						(8,481)												—						7,226
Income taxes						3,402						548						259						(761)						(1,684)												—						1,764
Net income (loss)						12,542						1,574						737						(2,594)						(6,797)												—						5,462
Net loss attributable to noncontrolling interest						—						—						158						200						—												—						358
Net income (loss) available to common shareholders						$	12,542					$	1,574					$	895					$	(2,394)					$	(6,797)											$	—					$	5,820
Capital expenditures for the six months ended June 30, 2022						$	250					$	—					$	26					$	1,448					$	385											$	—					$	2,109

Six Months Ended June 30, 2021						CoRe Banking						Mortgage Banking						Professional Services						Edge Ventures						Financial Holding Company												Intercompany Eliminations						Consolidated
(Dollars in thousands)
Interest income						$	39,695					$	202					$	—					$	—					$	1											$	(2)					$	39,896
Interest expense						2,379						—						3						—						956												(2)						3,336
Net interest income (expense)						37,316						202						(3)						—						(955)												—						36,560
Release of allowance for loan losses						(920)						(2)						—						—						—												—						(922)
Net interest income (expense) after provision for loan losses						38,236						204						(3)						—						(955)												—						37,482
Total noninterest income						11,445						10,953						4,978						—						3,890												(5,164)						26,102
Noninterest Expenses:
Salaries and employee benefits						15,874						—						3,106						246						6,346												—						25,572
Other expenses						17,729						86						1,685						193						2,420												(5,164)						16,949
Total noninterest expenses						33,603						86						4,791						439						8,766												(5,164)						42,521
Income (loss) before income taxes						16,078						11,071						184						(439)						(5,831)												—						21,063
Income taxes						2,403						2,684						27						(113)						(1,159)												—						3,842
Net income (loss)						13,675						8,387						157						(326)						(4,672)												—						17,221
Net loss attributable to noncontrolling interest						—						—						46						65						—												—						111
Net income (loss) attributable to parent						13,675						8,387						203						(261)						(4,672)												—						17,332
Preferred stock dividends						—						—						—						—						35												—						35
Net income (loss) available to common shareholders						$	13,675					$	8,387					$	203					$	(261)					$	(4,707)											$	—					$	17,297
Capital expenditures for the six months ended June 30, 2021						$	928					$	22					$	7					$	1,500					$	—											$	—					$	2,457

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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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

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- References

No definition available.

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