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v3.23.1

Segment Reporting (Tables) | 3 Months Ended
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Mar. 31, 2023
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 March 31, 2023 |  | CoRe Banking |  | Mortgage Banking |  |  |  |  |  | Financial Holding Company |  | Other |  | Intercompany Eliminations |  | Consolidated
(Dollars in thousands) |  |  |  |  |  |  |
Interest income |  | $ | 44,662 |  |  | $ | 105 |  |  |  |  |  |  | $ | 33 |  |  | $ | (6) |  |  | $ | (31) |  |  | $ | 44,763 |
Interest expense |  | 11,041 |  |  | — |  |  |  |  |  |  | 993 |  |  | 31 |  |  | (31) |  |  | 12,034 |
Net interest income (expense) |  | 33,621 |  |  | 105 |  |  |  |  |  |  | (960) |  |  | (37) |  |  | — |  |  | 32,729 |
Provision for credit losses |  | 4,576 |  |  | — |  |  |  |  |  |  | — |  |  | — |  |  | — |  |  | 4,576 |
Net interest income (expense) after provision for credit losses |  | 29,045 |  |  | 105 |  |  |  |  |  |  | (960) |  |  | (37) |  |  | — |  |  | 28,153 |
Noninterest income |  | 3,018 |  |  | (1,186) |  |  |  |  |  |  | 2,410 |  |  | 1,784 |  |  | (2,959) |  |  | 3,067 |
Noninterest Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Salaries and employee benefits |  | 9,051 |  |  | — |  |  |  |  |  |  | 4,950 |  |  | 2,745 |  |  | — |  |  | 16,746 |
Other expenses |  | 11,054 |  |  | 34 |  |  |  |  |  |  | 1,917 |  |  | 1,525 |  |  | (2,959) |  |  | 11,571 |
Total noninterest expenses |  | 20,105 |  |  | 34 |  |  |  |  |  |  | 6,867 |  |  | 4,270 |  |  | (2,959) |  |  | 28,317 |
Income (loss) before income taxes |  | 11,958 |  |  | (1,115) |  |  |  |  |  |  | (5,417) |  |  | (2,523) |  |  | — |  |  | 2,903 |
Income taxes |  | 2,515 |  |  | (504) |  |  |  |  |  |  | (942) |  |  | (604) |  |  | — |  |  | 465 |
Net income (loss) from continuing operations |  | 9,443 |  |  | (611) |  |  |  |  |  |  | (4,475) |  |  | (1,919) |  |  | — |  |  | 2,438 |
Income from discontinued operations, before income taxes |  | — |  |  | — |  |  |  |  |  |  | — |  |  | 11,831 |  |  | — |  |  | 11,831 |
Income taxes - discontinued operations |  | — |  |  | — |  |  |  |  |  |  | — |  |  | 3,049 |  |  | — |  |  | 3,049 |
Net income from discontinued operations |  | — |  |  | — |  |  |  |  |  |  | — |  |  | 8,782 |  |  | — |  |  | 8,782 |
Net income (loss) |  | 9,443 |  |  | (611) |  |  |  |  |  |  | (4,475) |  |  | 6,863 |  |  | — |  |  | 11,220 |
Net loss attributable to noncontrolling interest |  | — |  |  | — |  |  |  |  |  |  | — |  |  | 122 |  |  | — |  |  | 122 |
Net income (loss) available to common shareholders |  | $ | 9,443 |  |  | $ | (611) |  |  |  |  |  |  | $ | (4,475) |  |  | $ | 6,985 |  |  | $ | — |  |  | $ | 11,342 |
Capital expenditures for the three months ended March 31, 2023 |  | $ | 337 |  |  | $ | — |  |  |  |  |  |  | $ | — |  |  | $ | 594 |  |  | $ | — |  |  | $ | 931 |
Total assets as of March 31, 2023 |  | $ | 3,495,955 |  |  | $ | 84,223 |  |  |  |  |  |  | $ | 333,239 |  |  | $ | 18,620 |  |  | $ | (380,161) |  |  | $ | 3,551,876 |
Total assets as of December 31, 2022 |  | $ | 3,014,475 |  |  | $ | 34,248 |  |  |  |  |  |  | $ | 375,171 |  |  | $ | 27,075 |  |  | $ | (382,119) |  |  | $ | 3,068,850 |
Goodwill as of March 31, 2023 |  | $ | — |  |  | $ | — |  |  |  |  |  |  | $ | — |  |  | $ | 2,838 |  |  | $ | — |  |  | $ | 2,838 |
Goodwill as of December 31, 2022 |  | $ | — |  |  | $ | — |  |  |  |  |  |  | $ | — |  |  | $ | 2,838 |  |  | $ | — |  |  | $ | 2,838 |
Three Months Ended March 31, 2022 |  | CoRe Banking |  | Mortgage Banking |  |  |  |  |  | Financial Holding Company |  | Other |  | Intercompany Eliminations |  | Consolidated
(Dollars in thousands) |  |  |  |  |  |  |
Interest income |  | $ | 23,171 |  |  | $ | 103 |  |  |  |  |  |  | $ | (7) |  |  | $ | — |  |  | $ | (5) |  |  | $ | 23,262 |
Interest expense |  | 659 |  |  | — |  |  |  |  |  |  | 753 |  |  | 7 |  |  | (5) |  |  | 1,414 |
Net interest income (expense) |  | 22,512 |  |  | 103 |  |  |  |  |  |  | (760) |  |  | (7) |  |  | — |  |  | 21,848 |
Release of allowance for loan losses |  | 1,280 |  |  | — |  |  |  |  |  |  | — |  |  |  |  | — |  |  | 1,280 |
Net interest income (expense) after provision for credit losses |  | 21,232 |  |  | 103 |  |  |  |  |  |  | (760) |  |  | (7) |  |  | — |  |  | 20,568 |
Noninterest income |  | 6,898 |  |  | 1,223 |  |  |  |  |  |  | 2,671 |  |  | 1,537 |  |  | (3,049) |  |  | 9,280 |
Noninterest Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Salaries and employee benefits |  | 9,508 |  |  | — |  |  |  |  |  |  | 4,056 |  |  | 2,163 |  |  | — |  |  | 15,727 |
Other expenses |  | 11,048 |  |  | — |  |  |  |  |  |  | 2,205 |  |  | 1,327 |  |  | (3,049) |  |  | 11,531 |
Total noninterest expenses |  | 20,556 |  |  | — |  |  |  |  |  |  | 6,261 |  |  | 3,490 |  |  | (3,049) |  |  | 27,258 |
Income (loss) before income taxes |  | 7,574 |  |  | 1,326 |  |  |  |  |  |  | (4,350) |  |  | (1,960) |  |  | — |  |  | 2,590 |
Income taxes |  | 1,631 |  |  | 341 |  |  |  |  |  |  | (869) |  |  | (423) |  |  | — |  |  | 680 |
Net income (loss) from continuing operations |  | 5,943 |  |  | 985 |  |  |  |  |  |  | (3,481) |  |  | (1,537) |  |  | — |  |  | 1,910 |
Income from discontinued operations, before income taxes |  | — |  |  | — |  |  |  |  |  |  | — |  |  | 986 |  |  | — |  |  | 986 |
Income taxes - discontinued operations |  | — |  |  | — |  |  |  |  |  |  | — |  |  | 225 |  |  | — |  |  | 225 |
Net income from discontinued operations |  | — |  |  | — |  |  |  |  |  |  | — |  |  | 761 |  |  | — |  |  | 761 |
Net income (loss) |  | 5,943 |  |  | 985 |  |  |  |  |  |  | (3,481) |  |  | (776) |  |  | — |  |  | 2,671 |
Net loss attributable to noncontrolling interest |  | — |  |  | — |  |  |  |  |  |  | — |  |  | 193 |  |  | — |  |  | 193 |
Net income (loss) available to common shareholders |  | $ | 5,943 |  |  | $ | 985 |  |  |  |  |  |  | $ | (3,481) |  |  | $ | (583) |  |  | $ | — |  |  | $ | 2,864 |
Capital expenditures for the three months ended March 31, 2022 |  | $ | 250 |  |  | $ | — |  |  |  |  |  |  | $ | 338 |  |  | $ | 639 |  |  | $ | — |  |  | $ | 1,866 |

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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 + Details
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