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Segment Reporting
 12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Segment Reporting
Note 22 – Segment Reporting

We have identified five reportable segments: CoRe banking; mortgage banking; professional services; Edge Ventures; and financial holding company. Revenue from CoRe banking activities consists primarily of interest earned on loans and investment securities and service charges on deposit accounts. Our Fintech division is included in the CoRe banking segment. Revenue from our mortgage banking segment is primarily comprised of our share of net income or loss from mortgage banking activities of our equity method investments in ICM and Warp Speed. As we have elected to record our proportionate share of earnings of Warp Speed on three month lag, results of Warp Speed are not included in the tables below. Professional services is the aggregate of Chartwell, Trabian and Paladin Fraud. Revenue from these operating segments is made up of primarily of professional consulting income to banks and Fintech companies. Edge Ventures is the aggregate of Victor, MVB Technology, Flexia and the Edge Ventures holding company.

Information about the reportable segments and reconciliation to the consolidated financial statements for the years ended December 31, 2022, 2021 and 2020 are as follows:
2022
(Dollars in thousands)CoRe BankingMortgage BankingProfessional ServicesEdge VenturesFinancial Holding CompanyIntercompany EliminationsConsolidated
Interest income$125,426 $429 $— $— $146 $(44)$125,957 
Interest expense$10,920 $— $39 $5 $3,234 $(44)$14,154 
Net interest income (expense)$114,506 $429 $(39)$(5)$(3,088)$— $111,803 
Provision for loan losses$14,194 $— $— $— $— $— $14,194 
Net interest income (expense) after provision for loan losses$100,312 $429 $(39)$(5)$(3,088)$— $97,609 
Noninterest income$22,673 $37 $22,812 $459 $10,576 $(18,263)$38,294 
Noninterest Expenses:
Salaries and employee benefits$36,960 $8 $15,276 $3,336 $16,582 $— $72,162 
Other expenses$44,873 $142 $5,233 $5,192 $8,049 $(18,263)$45,226 
Total noninterest expenses$81,833 $150 $20,509 $8,528 $24,631 $(18,263)$117,388 
Income (loss) before income taxes$41,152 $316 $2,264 $(8,074)$(17,143)$— $18,515 
Income taxes$8,882 $77 $567 $(1,926)$(3,472)$— $4,128 
Net income (loss)$32,270 $239 $1,697 $(6,148)$(13,671)$— $14,387 
Net loss attributable to noncontrolling interest$— $— $207 $453 $— $— $660 
Net income (loss) available to common shareholders$32,270 $239 $1,904 $(5,695)$(13,671)$— $15,047 
Capital expenditures for the year ended December 31, 2022$400 $— $26 $2,202 $413 $— $3,041 
Total assets as of December 31, 2022$3,014,475 $34,248 14,817 12,258 $375,171 $(382,119)$3,068,850 
Goodwill as of December 31, 2022$— $— 3,988 $— $— $— $3,988 
2021
(Dollars in thousands)CoRe BankingMortgage BankingProfessional ServicesEdge VenturesFinancial Holding CompanyIntercompany EliminationsConsolidated
Interest income$83,023 $411 $(8)$— $15 $(12)$83,429 
Interest expense$4,078 $— $16 $— $2,188 $(12)$6,270 
Net interest income (expense)$78,945 $411 $(24)$— $(2,173)$— $77,159 
Provision for loan losses$(6,274)$(1)$— $— $— $— $(6,275)
Net interest income (expense) after provision for loan losses$85,219 $412 $(24)$— $(2,173)$— $83,434 
Noninterest income$33,179 $16,342 $14,931 $71 $11,103 $(13,030)$62,596 
Noninterest Expenses:
Salaries and employee benefits$33,595 $— $10,949 $1,962 $13,704 $— $60,210 
Other expenses$37,033 $16 $4,095 $2,555 $6,573 $(13,030)$37,242 
Total noninterest expenses$70,628 $16 $15,044 $4,517 $20,277 $(13,030)$97,452 
Income (loss) before income taxes$47,770 $16,738 $(137)$(4,446)$(11,347)$— $48,578 
Income taxes$9,154 $4,068 $(105)$(1,144)$(2,091)$— $9,882 
Net income (loss)$38,616 $12,670 $(32)$(3,302)$(9,256)$— $38,696 
Net loss attributable to noncontrolling interest$— $— $210 $215 $— $— $425 
Net income (loss) attributable to parent$38,616 $12,670 $178 $(3,087)$(9,256)$— $39,121 
Preferred stock dividends$— $— $— $— $35 $— $35 
Net income (loss) available to common shareholders$38,616 $12,670 $178 $(3,087)$(9,291)$— $39,086 
Capital expenditures for the year ended December 31, 2021$2,590 $— $2,731 $— $43 $— $5,364 
Total assets as of December 31, 2021$2,804,840 $50,202 $13,210 $9,914 $363,971 $(449,688)$2,792,449 
Goodwill as of December 31, 2021$— $— $3,988 $— $— $— $3,988 
 2020
(Dollars in thousands)CoRe BankingMortgage BankingProfessional ServicesEdge VenturesFinancial Holding CompanyIntercompany EliminationsConsolidated
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 (expense)$65,412 $3,130 $— $— $(258)$542 $68,826 
Provision for loan losses$16,649 $(70)$— $— $— $— $16,579 
Net interest income (expense) after provision for loan losses$48,763 $3,200 $— $— $(258)$542 $52,247 
Noninterest income$24,420 $63,490 $5,909 $— $6,685 $(8,667)$91,837 
Noninterest Expenses:
Salaries and employee benefits$25,808 $21,550 $2,993 $— $11,278 $— $61,629 
Other expenses$31,389 $5,074 $1,909 $— $5,265 $(8,125)$35,512 
Total noninterest expenses$57,197 $26,624 $4,902 $— $16,543 $(8,125)$97,141 
Income (loss) before income taxes$15,986 $40,066 $1,007 $— $(10,116)$— $46,943 
Income taxes$1,479 $9,862 $273 $— $(2,082)$— $9,532 
Net income (loss) attributable to parent$14,507 $30,204 $734 $— $(8,034)$— $37,411 
Preferred stock dividends$— $— $— $— $461 $— $461 
Net income (loss) available to common shareholders$14,507 $30,204 $734 $— $(8,495)$— $36,950 
Capital expenditures for the year ended December 31, 2020$6,439 $99 $— $— $77 $— $6,615