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v3.23.2

Segment Reporting (Tables) | 6 Months Ended
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Jun. 30, 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 June 30, 2023 |  | CoRe Banking |  | Mortgage Banking |  | Financial Holding Company |  | Other |  | Intercompany Eliminations |  | Consolidated
(Dollars in thousands) |  |  |  |  |
Interest income |  | $ | 46,929 |  |  | $ | 105 |  |  | $ | 3 |  |  | $ | 6 |  |  | $ | (12) |  |  | $ | 47,031 |
Interest expense |  | 16,439 |  |  | — |  |  | 999 |  |  | 23 |  |  | (12) |  |  | 17,449 |
Net interest income (expense) |  | 30,490 |  |  | 105 |  |  | (996) |  |  | (17) |  |  | — |  |  | 29,582 |
Release of allowance for credit losses |  | (4,235) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (4,235) |
Net interest income (expense) after release of allowance for credit losses |  | 34,725 |  |  | 105 |  |  | (996) |  |  | (17) |  |  | — |  |  | 33,817 |
Noninterest income |  | 4,113 |  |  | 1,872 |  |  | 3,116 |  |  | 1,051 |  |  | (3,733) |  |  | 6,419 |
Noninterest Expenses: |  |  |  |  |  |  |  |  |  |  |  |
Salaries and employee benefits |  | 9,053 |  |  | 7 |  |  | 4,623 |  |  | 2,063 |  |  | — |  |  | 15,746 |
Other expenses |  | 14,148 |  |  | 18 |  |  | 2,163 |  |  | 1,940 |  |  | (3,733) |  |  | 14,536 |
Total noninterest expenses |  | 23,201 |  |  | 25 |  |  | 6,786 |  |  | 4,003 |  |  | (3,733) |  |  | 30,282 |
Income (loss) before income taxes |  | 15,637 |  |  | 1,952 |  |  | (4,666) |  |  | (2,969) |  |  | — |  |  | 9,954 |
Income taxes |  | 3,237 |  |  | 643 |  |  | (1,207) |  |  | (717) |  |  | — |  |  | 1,956 |
Net income (loss) |  | 12,400 |  |  | 1,309 |  |  | (3,459) |  |  | (2,252) |  |  | — |  |  | 7,998 |
Net loss attributable to noncontrolling interest |  | — |  |  | — |  |  | — |  |  | 114 |  |  | — |  |  | 114 |
Net income (loss) available to common shareholders |  | $ | 12,400 |  |  | $ | 1,309 |  |  | $ | (3,459) |  |  | $ | (2,138) |  |  | $ | — |  |  | $ | 8,112 |
Capital expenditures for the three months ended June 30, 2023 |  | $ | 155 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,561 |  |  | $ | — |  |  | $ | 1,716 |
Total assets as of June 30, 2023 |  | $ | 3,295,564 |  |  | $ | 85,563 |  |  | $ | 335,193 |  |  | $ | 20,871 |  |  | $ | (385,344) |  |  | $ | 3,351,847 |
Total assets as of December 31, 2022 |  | $ | 3,014,475 |  |  | $ | 34,248 |  |  | $ | 375,171 |  |  | $ | 27,075 |  |  | $ | (382,119) |  |  | $ | 3,068,850 |
Goodwill as of June 30, 2023 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2,838 |  |  | $ | — |  |  | $ | 2,838 |
Goodwill as of December 31, 2022 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2,838 |  |  | $ | — |  |  | $ | 2,838 |
Three Months Ended June 30, 2022 |  | CoRe Banking |  | Mortgage Banking |  |  |  |  |  | Financial Holding Company |  | Other |  | Intercompany Eliminations |  | Consolidated
(Dollars in thousands) |  |  |  |  |  |  |
Interest income |  | $ | 27,910 |  |  | $ | 103 |  |  |  |  |  |  | $ | 87 |  |  | $ | — |  |  | $ | (10) |  |  | $ | 28,090 |
Interest expense |  | 672 |  |  | — |  |  |  |  |  |  | 760 |  |  | 8 |  |  | (10) |  |  | 1,430 |
Net interest income (expense) |  | 27,238 |  |  | 103 |  |  |  |  |  |  | (673) |  |  | (8) |  |  | — |  |  | 26,660 |
Release of allowance for loan losses |  | 5,100 |  |  | — |  |  |  |  |  |  | — |  |  |  |  | — |  |  | 5,100 |
Net interest income (expense) after release of allowance for credit losses |  | 22,138 |  |  | 103 |  |  |  |  |  |  | (673) |  |  | (8) |  |  | — |  |  | 21,560 |
Noninterest income |  | 7,093 |  |  | 787 |  |  |  |  |  |  | 3,228 |  |  | 1,584 |  |  | (3,308) |  |  | 9,384 |
Noninterest Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Salaries and employee benefits |  | 9,948 |  |  | — |  |  |  |  |  |  | 4,439 |  |  | 2,198 |  |  | — |  |  | 16,585 |
Other expenses |  | 10,913 |  |  | 94 |  |  |  |  |  |  | 2,247 |  |  | 1,441 |  |  | (3,308) |  |  | 11,387 |
Total noninterest expenses |  | 20,861 |  |  | 94 |  |  |  |  |  |  | 6,686 |  |  | 3,639 |  |  | (3,308) |  |  | 27,972 |
Income (loss) before income taxes |  | 8,370 |  |  | 796 |  |  |  |  |  |  | (4,131) |  |  | (2,063) |  |  | — |  |  | 2,972 |
Income taxes |  | 1,771 |  |  | 207 |  |  |  |  |  |  | (815) |  |  | (464) |  |  | — |  |  | 699 |
Net income (loss) from continuing operations |  | 6,599 |  |  | 589 |  |  |  |  |  |  | (3,316) |  |  | (1,599) |  |  | — |  |  | 2,273 |
Income from discontinued operations, before income taxes |  | — |  |  | — |  |  |  |  |  |  | — |  |  | 678 |  |  | — |  |  | 678 |
Income taxes - discontinued operations |  | — |  |  | — |  |  |  |  |  |  | — |  |  | 160 |  |  | — |  |  | 160 |
Net income from discontinued operations |  | — |  |  | — |  |  |  |  |  |  | — |  |  | 518 |  |  | — |  |  | 518 |
Net income (loss) |  | 6,599 |  |  | 589 |  |  |  |  |  |  | (3,316) |  |  | (1,081) |  |  | — |  |  | 2,791 |
Net loss attributable to noncontrolling interest |  | — |  |  | — |  |  |  |  |  |  | — |  |  | 165 |  |  | — |  |  | 165 |
Net income (loss) available to common shareholders |  | $ | 6,599 |  |  | $ | 589 |  |  |  |  |  |  | $ | (3,316) |  |  | $ | (916) |  |  | $ | — |  |  | $ | 2,956 |
Capital expenditures for the three months ended June 30, 2022 |  | $ | — |  |  | $ | — |  |  |  |  |  |  | $ | 47 |  |  | $ | 834 |  |  | $ | — |  |  | $ | 881 |
Six Months Ended June 30, 2023 |  | CoRe Banking |  | Mortgage Banking |  |  |  |  |  | Financial Holding Company |  | Other |  | Intercompany Eliminations |  | Consolidated
(Dollars in thousands) |  |  |  |  |  |  |  |
Interest income |  | $ | 91,591 |  |  | $ | 210 |  |  |  |  |  |  | $ | 36 |  |  | $ | — |  |  | $ | (43) |  |  | $ | 91,794 |
Interest expense |  | 27,480 |  |  | — |  |  |  |  |  |  | 1,992 |  |  | 54 |  |  | (43) |  |  | 29,483 |
Net interest income (expense) |  | 64,111 |  |  | 210 |  |  |  |  |  |  | (1,956) |  |  | (54) |  |  | — |  |  | 62,311 |
Provision for credit losses |  | 341 |  |  | — |  |  |  |  |  |  | — |  |  | — |  |  | — |  |  | 341 |
Net interest income (expense) after provision for credit losses |  | 63,770 |  |  | 210 |  |  |  |  |  |  | (1,956) |  |  | (54) |  |  | — |  |  | 61,970 |
Noninterest income |  | 7,131 |  |  | 686 |  |  |  |  |  |  | 5,526 |  |  | 2,835 |  |  | (6,692) |  |  | 9,486 |
Noninterest Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Salaries and employee benefits |  | 18,104 |  |  | 7 |  |  |  |  |  |  | 9,573 |  |  | 4,808 |  |  | — |  |  | 32,492 |
Other expenses |  | 25,202 |  |  | 52 |  |  |  |  |  |  | 4,080 |  |  | 3,465 |  |  | (6,692) |  |  | 26,107 |
Total noninterest expenses |  | 43,306 |  |  | 59 |  |  |  |  |  |  | 13,653 |  |  | 8,273 |  |  | (6,692) |  |  | 58,599 |
Income (loss) before income taxes |  | 27,595 |  |  | 837 |  |  |  |  |  |  | (10,083) |  |  | (5,492) |  |  | — |  |  | 12,857 |
Income taxes |  | 5,752 |  |  | 139 |  |  |  |  |  |  | (2,149) |  |  | (1,321) |  |  | — |  |  | 2,421 |
Net income (loss) from continuing operations |  | 21,843 |  |  | 698 |  |  |  |  |  |  | (7,934) |  |  | (4,171) |  |  | — |  |  | 10,436 |
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) |  | 21,843 |  |  | 698 |  |  |  |  |  |  | (7,934) |  |  | 4,611 |  |  | — |  |  | 19,218 |
Net loss attributable to noncontrolling interest |  | — |  |  | — |  |  |  |  |  |  | — |  |  | 236 |  |  | — |  |  | 236 |
Net income (loss) available to common shareholders |  | $ | 21,843 |  |  | $ | 698 |  |  |  |  |  |  | $ | (7,934) |  |  | $ | 4,847 |  |  | $ | — |  |  | $ | 19,454 |
Capital expenditures for the six months ended June 30, 2023 |  | $ | 492 |  |  | $ | — |  |  |  |  |  |  | $ | — |  |  | $ | 2,155 |  |  | $ | — |  |  | $ | 2,647 |
Six Months Ended June 30, 2022 |  | CoRe Banking |  | Mortgage Banking |  |  |  |  |  | Financial Holding Company |  | Other |  | Intercompany Eliminations |  | Consolidated
(Dollars in thousands) |  |  |  |  |  |  |  |
Interest income |  | $ | 51,081 |  |  | $ | 206 |  |  |  |  |  |  | $ | 80 |  |  | $ | — |  |  | $ | (15) |  |  | $ | 51,352 |
Interest expense |  | 1,331 |  |  | — |  |  |  |  |  |  | 1,513 |  |  | 15 |  |  | (15) |  |  | 2,844 |
Net interest income (expense) |  | 49,750 |  |  | 206 |  |  |  |  |  |  | (1,433) |  |  | (15) |  |  | — |  |  | 48,508 |
Provision for credit losses |  | 6,380 |  |  | — |  |  |  |  |  |  | — |  |  | — |  |  | — |  |  | 6,380 |
Net interest income (expense) after provision for credit losses |  | 43,370 |  |  | 206 |  |  |  |  |  |  | (1,433) |  |  | (15) |  |  | — |  |  | 42,128 |
Noninterest income |  | 13,991 |  |  | 2,010 |  |  |  |  |  |  | 5,899 |  |  | 3,120 |  |  | (6,357) |  |  | 18,663 |
Noninterest Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Salaries and employee benefits |  | 19,456 |  |  | — |  |  |  |  |  |  | 8,495 |  |  | 4,361 |  |  | — |  |  | 32,312 |
Other expenses |  | 21,961 |  |  | 94 |  |  |  |  |  |  | 4,452 |  |  | 2,767 |  |  | (6,357) |  |  | 22,917 |
Total noninterest expenses |  | 41,417 |  |  | 94 |  |  |  |  |  |  | 12,947 |  |  | 7,128 |  |  | (6,357) |  |  | 55,229 |
Income (loss) before income taxes |  | 15,944 |  |  | 2,122 |  |  |  |  |  |  | (8,481) |  |  | (4,023) |  |  | — |  |  | 5,562 |
Income taxes |  | 3,402 |  |  | 548 |  |  |  |  |  |  | (1,684) |  |  | (887) |  |  | — |  |  | 1,379 |
Net income (loss) from continuing operations |  | 12,542 |  |  | 1,574 |  |  |  |  |  |  | (6,797) |  |  | (3,136) |  |  | — |  |  | 4,183 |
Income from discontinued operations, before income taxes |  | — |  |  | — |  |  |  |  |  |  | — |  |  | 1,664 |  |  | — |  |  | 1,664 |
Income taxes - discontinued operations |  | — |  |  | — |  |  |  |  |  |  | — |  |  | 385 |  |  | — |  |  | 385 |
Net income from discontinued operations |  | — |  |  | — |  |  |  |  |  |  | — |  |  | 1,279 |  |  | — |  |  | 1,279 |
Net income (loss) before noncontrolling interest |  | 12,542 |  |  | 1,574 |  |  |  |  |  |  | (6,797) |  |  | (1,857) |  |  | — |  |  | 5,462 |
Net loss attributable to noncontrolling interest |  | — |  |  | — |  |  |  |  |  |  | — |  |  | 358 |  |  | — |  |  | 358 |
Net income (loss) available to common shareholders |  | $ | 12,542 |  |  | $ | 1,574 |  |  |  |  |  |  | $ | (6,797) |  |  | $ | (1,499) |  |  | $ | — |  |  | $ | 5,820 |
Capital expenditures for the six months ended June 30, 2022 |  | $ | 250 |  |  | $ | — |  |  |  |  |  |  | $ | 385 |  |  | $ | 1,474 |  |  | $ | — |  |  | $ | 2,109 |

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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 -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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