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Segment Reporting (Tables)

3 Months Ended

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

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- References

No definition available.

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