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Segment Reporting (Tables)

6 Months Ended

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

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- References

No definition available.

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