XML 88 R77.htm IDEA: XBRL DOCUMENT v3.23.2
Segment Reporting (Details)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
USD ($)
Mar. 31, 2023
USD ($)
Jun. 30, 2022
USD ($)
Mar. 31, 2022
USD ($)
Jun. 30, 2023
USD ($)
segment
Jun. 30, 2022
USD ($)
Dec. 31, 2022
USD ($)
Segment Reporting Information [Line Items]              
Number of reportable segments | segment         3    
Interest income $ 47,031   $ 28,090   $ 91,794 $ 51,352  
Interest expense 17,449   1,430   29,483 2,844  
NET INTEREST INCOME 29,582   26,660   62,311 48,508  
Provision (release of allowance) for credit losses (4,235)   5,100   341 6,380  
Net interest income after provision (release of allowance) for credit losses 33,817   21,560   61,970 42,128  
Noninterest income 6,419   9,384   9,486 18,663  
Noninterest Expenses:              
Salaries and employee benefits 15,746   16,585   32,492 32,312  
Other expenses 14,536   11,387   26,107 22,917  
Total noninterest expense 30,282   27,972   58,599 55,229  
Income before income taxes 9,954   2,972   12,857 5,562  
Income taxes 1,956   699   2,421 1,379  
Net income (loss) from continuing operations 7,998   2,273   10,436 4,183  
Income from discontinued operations before income taxes 0   678   11,831 1,664  
Income taxes 0   160   3,049 385  
Net income from discontinued operations 0   518   8,782 1,279  
Net income 7,998 $ 11,220 2,791 $ 2,671 19,218 5,462  
Net loss attributable to noncontrolling interest 114   165   236 358  
Net income attributable to parent 8,112   2,956   19,454 5,820  
Capital expenditures 1,716       2,647    
Capital expenditures     881   1,213 2,109  
Assets 3,351,847       3,351,847   $ 3,068,850
Goodwill 2,838       2,838   2,838
Operating Segments | CoRe Banking              
Segment Reporting Information [Line Items]              
Interest income 46,929   27,910   91,591 51,081  
Interest expense 16,439   672   27,480 1,331  
NET INTEREST INCOME 30,490   27,238   64,111 49,750  
Provision (release of allowance) for credit losses (4,235)   5,100   341 6,380  
Net interest income after provision (release of allowance) for credit losses 34,725   22,138   63,770 43,370  
Noninterest income 4,113   7,093   7,131 13,991  
Noninterest Expenses:              
Salaries and employee benefits 9,053   9,948   18,104 19,456  
Other expenses 14,148   10,913   25,202 21,961  
Total noninterest expense 23,201   20,861   43,306 41,417  
Income before income taxes 15,637   8,370   27,595 15,944  
Income taxes 3,237   1,771   5,752 3,402  
Net income (loss) from continuing operations     6,599   21,843 12,542  
Income from discontinued operations before income taxes     0   0 0  
Income taxes     0   0 0  
Net income from discontinued operations     0   0 0  
Net income 12,400   6,599   21,843 12,542  
Net loss attributable to noncontrolling interest 0   0   0 0  
Net income attributable to parent 12,400   6,599   21,843 12,542  
Capital expenditures 155       492    
Capital expenditures     0     250  
Assets 3,295,564       3,295,564   3,014,475
Goodwill 0       0   0
Operating Segments | Mortgage Banking              
Segment Reporting Information [Line Items]              
Interest income 105   103   210 206  
Interest expense 0   0   0 0  
NET INTEREST INCOME 105   103   210 206  
Provision (release of allowance) for credit losses 0   0   0 0  
Net interest income after provision (release of allowance) for credit losses 105   103   210 206  
Noninterest income 1,872   787   686 2,010  
Noninterest Expenses:              
Salaries and employee benefits 7   0   7 0  
Other expenses 18   94   52 94  
Total noninterest expense 25   94   59 94  
Income before income taxes 1,952   796   837 2,122  
Income taxes 643   207   139 548  
Net income (loss) from continuing operations     589   698 1,574  
Income from discontinued operations before income taxes     0   0 0  
Income taxes     0   0 0  
Net income from discontinued operations     0   0 0  
Net income 1,309   589   698 1,574  
Net loss attributable to noncontrolling interest 0   0   0 0  
Net income attributable to parent 1,309   589   698 1,574  
Capital expenditures 0       0    
Capital expenditures     0     0  
Assets 85,563       85,563   34,248
Goodwill 0       0   0
Operating Segments | Financial Holding Company              
Segment Reporting Information [Line Items]              
Interest income 3   87   36 80  
Interest expense 999   760   1,992 1,513  
NET INTEREST INCOME (996)   (673)   (1,956) (1,433)  
Provision (release of allowance) for credit losses 0   0   0 0  
Net interest income after provision (release of allowance) for credit losses (996)   (673)   (1,956) (1,433)  
Noninterest income 3,116   3,228   5,526 5,899  
Noninterest Expenses:              
Salaries and employee benefits 4,623   4,439   9,573 8,495  
Other expenses 2,163   2,247   4,080 4,452  
Total noninterest expense 6,786   6,686   13,653 12,947  
Income before income taxes (4,666)   (4,131)   (10,083) (8,481)  
Income taxes (1,207)   (815)   (2,149) (1,684)  
Net income (loss) from continuing operations     (3,316)   (7,934) (6,797)  
Income from discontinued operations before income taxes     0   0 0  
Income taxes     0   0 0  
Net income from discontinued operations     0   0 0  
Net income (3,459)   (3,316)   (7,934) (6,797)  
Net loss attributable to noncontrolling interest 0   0   0 0  
Net income attributable to parent (3,459)   (3,316)   (7,934) (6,797)  
Capital expenditures 0       0    
Capital expenditures     47     385  
Assets 335,193       335,193   375,171
Goodwill 0       0   0
Operating Segments | Other              
Segment Reporting Information [Line Items]              
Interest income 6   0   0 0  
Interest expense 23   8   54 15  
NET INTEREST INCOME (17)   (8)   (54) (15)  
Provision (release of allowance) for credit losses 0     0 0  
Net interest income after provision (release of allowance) for credit losses (17)   (8)   (54) (15)  
Noninterest income 1,051   1,584   2,835 3,120  
Noninterest Expenses:              
Salaries and employee benefits 2,063   2,198   4,808 4,361  
Other expenses 1,940   1,441   3,465 2,767  
Total noninterest expense 4,003   3,639   8,273 7,128  
Income before income taxes (2,969)   (2,063)   (5,492) (4,023)  
Income taxes (717)   (464)   (1,321) (887)  
Net income (loss) from continuing operations     (1,599)   (4,171) (3,136)  
Income from discontinued operations before income taxes     678   11,831 1,664  
Income taxes     160   3,049 385  
Net income from discontinued operations     518   8,782 1,279  
Net income (2,252)   (1,081)   4,611 (1,857)  
Net loss attributable to noncontrolling interest 114   165   236 358  
Net income attributable to parent (2,138)   (916)   4,847 (1,499)  
Capital expenditures 1,561       2,155    
Capital expenditures     834     1,474  
Assets 20,871       20,871   27,075
Goodwill 2,838       2,838   2,838
Intercompany Eliminations              
Segment Reporting Information [Line Items]              
Interest income (12)   (10)   (43) (15)  
Interest expense (12)   (10)   (43) (15)  
NET INTEREST INCOME 0   0   0 0  
Provision (release of allowance) for credit losses 0   0   0 0  
Net interest income after provision (release of allowance) for credit losses 0   0   0 0  
Noninterest income (3,733)   (3,308)   (6,692) (6,357)  
Noninterest Expenses:              
Salaries and employee benefits 0   0   0 0  
Other expenses (3,733)   (3,308)   (6,692) (6,357)  
Total noninterest expense (3,733)   (3,308)   (6,692) (6,357)  
Income before income taxes 0   0   0 0  
Income taxes 0   0   0 0  
Net income (loss) from continuing operations     0   0 0  
Income from discontinued operations before income taxes     0   0 0  
Income taxes     0   0 0  
Net income from discontinued operations     0   0 0  
Net income 0   0   0 0  
Net loss attributable to noncontrolling interest 0   0   0 0  
Net income attributable to parent 0   0   0 0  
Capital expenditures 0       0    
Capital expenditures     $ 0     $ 0  
Assets (385,344)       (385,344)   (382,119)
Goodwill $ 0       $ 0   $ 0