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Segment Reporting (Tables) | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
Schedule of Information About the Reportable Segments and Reconciliation to the Consolidated Financial Statements | Information about the reportable segments and reconciliation to the consolidated financial statements for the years ended December 31, 2023, 2022 and 2021 are as follows:
|  | 2023 |  |
(Dollars in thousands) |  | CoRe Banking |  | Mortgage Banking |  | Financial Holding Company |  | Other |  | Intercompany Eliminations |  | Consolidated
Interest income |  | $ | 189,498 |  |  | $ | 416 |  |  | $ | 41 |  |  | $ | — |  |  | $ | (137) |  |  | $ | 189,818 |
Interest expense |  | $ | 62,507 |  |  | $ | — |  |  | $ | 3,985 |  |  | $ | 180 |  |  | $ | (137) |  |  | $ | 66,535 |
Net interest income (expense) |  | $ | 126,991 |  |  | $ | 416 |  |  | $ | (3,944) |  |  | $ | (180) |  |  | $ | — |  |  | $ | 123,283 |
Release of allowance for credit losses |  | $ | (1,921) |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (1,921) |
Net interest income (expense) after release of allowance for credit losses |  | $ | 128,912 |  |  | $ | 416 |  |  | $ | (3,944) |  |  | $ | (180) |  |  | $ | — |  |  | $ | 125,204 |
Noninterest income |  | $ | 17,286 |  |  | $ | (2,486) |  |  | $ | 10,453 |  |  | $ | 9,138 |  |  | $ | (14,676) |  |  | $ | 19,715 |
Noninterest Expenses: |  |  |  |  |  |  |  |  |  |  |  |
Salaries and employee benefits |  | $ | 37,265 |  |  | $ | 7 |  |  | $ | 17,041 |  |  | $ | 9,058 |  |  | $ | — |  |  | $ | 63,371 |
Other expenses |  | $ | 53,221 |  |  | $ | 65 |  |  | $ | 8,233 |  |  | $ | 7,411 |  |  | $ | (14,676) |  |  | $ | 54,254 |
Total noninterest expenses |  | $ | 90,486 |  |  | $ | 72 |  |  | $ | 25,274 |  |  | $ | 16,469 |  |  | $ | (14,676) |  |  | $ | 117,625 |
Income (loss) before income taxes |  | 55,712 |  |  | (2,142) |  |  | (18,765) |  |  | (7,511) |  |  | — |  |  | 27,294 |
Income taxes |  | 12,342 |  |  | (557) |  |  | (4,923) |  |  | (1,792) |  |  | — |  |  | 5,070 |
Net income (loss) from continuing operations |  | 43,370 |  |  | (1,585) |  |  | (13,842) |  |  | (5,719) |  |  | — |  |  | 22,224 |
Income from discontinued operations, before income taxes |  | — |  |  | — |  |  | — |  |  | 11,831 |  |  | — |  |  | 11,831 |
Income tax expense - discontinued operations |  | — |  |  | — |  |  | — |  |  | 3,049 |  |  | — |  |  | 3,049 |
Net income from discontinued operations |  | — |  |  | — |  |  | — |  |  | 8,782 |  |  | — |  |  | 8,782 |
Net income (loss) |  | 43,370 |  |  | (1,585) |  |  | (13,842) |  |  | 3,063 |  |  | — |  |  | 31,006 |
Net loss attributable to noncontrolling interest |  | — |  |  | — |  |  | — |  |  | 226 |  |  | — |  |  | 226 |
Net income (loss) available to common shareholders |  | $ | 43,370 |  |  | $ | (1,585) |  |  | $ | (13,842) |  |  | $ | 3,289 |  |  | $ | — |  |  | $ | 31,232 |
Capital expenditures for the year ended December 31, 2023 |  | $ | 914 |  |  | $ | — |  |  | $ | 58 |  |  | $ | 943 |  |  | $ | — |  |  | $ | 1,915 |
Total assets as of December 31, 2023 |  | $ | 3,255,369 |  |  | $ | 83,909 |  |  | $ | 345,314 |  |  | $ | 17,728 |  |  | $ | (388,438) |  |  | $ | 3,313,882 |
Goodwill as of December 31, 2023 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2,838 |  |  | $ | — |  |  | $ | 2,838 |
|  | 2022 |  |
(Dollars in thousands) |  | CoRe Banking |  | Mortgage Banking |  | Financial Holding Company |  | Other |  | Intercompany Eliminations |  | Consolidated
Interest income |  | $ | 125,426 |  |  | $ | 429 |  |  | $ | 146 |  |  | $ | — |  |  | $ | (44) |  |  | $ | 125,957 |
Interest expense |  | 10,920 |  |  | — |  |  | 3,234 |  |  | 44 |  |  | (44) |  |  | 14,154 |
Net interest income (expense) |  | 114,506 |  |  | 429 |  |  | (3,088) |  |  | (44) |  |  | — |  |  | 111,803 |
Provision for loan losses |  | 14,194 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 14,194 |
Net interest income (expense) after provision for loan losses |  | 100,312 |  |  | 429 |  |  | (3,088) |  |  | (44) |  |  | — |  |  | 97,609 |
Noninterest income |  | 22,673 |  |  | 37 |  |  | 10,576 |  |  | 6,120 |  |  | (11,841) |  |  | 27,565 |
Noninterest expenses: |  |  |  |  |  |  |  |  |  |  |  |
Salaries and employee benefits |  | 36,960 |  |  | 8 |  |  | 16,582 |  |  | 8,984 |  |  | — |  |  | 62,534 |
Other expenses |  | 44,873 |  |  | 142 |  |  | 8,049 |  |  | 6,389 |  |  | (11,841) |  |  | 47,612 |
Total noninterest expenses |  | 81,833 |  |  | 150 |  |  | 24,631 |  |  | 15,373 |  |  | (11,841) |  |  | 110,146 |
Income (loss) before income taxes |  | 41,152 |  |  | 316 |  |  | (17,143) |  |  | (9,297) |  |  | — |  |  | 15,028 |
Income taxes |  | 8,882 |  |  | 77 |  |  | (3,472) |  |  | (2,193) |  |  | — |  |  | 3,294 |
Net income (loss) from continuing operations |  | 32,270 |  |  | 239 |  |  | (13,671) |  |  | (7,104) |  |  | — |  |  | 11,734 |
Income from discontinued operations before income taxes |  | — |  |  | — |  |  | — |  |  | 3,487 |  |  | — |  |  | 3,487 |
Income tax expense - discontinued operations |  | — |  |  | — |  |  | — |  |  | 834 |  |  | — |  |  | 834 |
Net income from discontinued operations |  | — |  |  | — |  |  | — |  |  | 2,653 |  |  | — |  |  | 2,653 |
Net income (loss) |  | 32,270 |  |  | 239 |  |  | (13,671) |  |  | (4,451) |  |  | — |  |  | 14,387 |
Net loss attributable to noncontrolling interest |  | — |  |  | — |  |  | — |  |  | 660 |  |  | — |  |  | 660 |
Net income (loss) available to common shareholders |  | $ | 32,270 |  |  | $ | 239 |  |  | $ | (13,671) |  |  | $ | (3,791) |  |  | $ | — |  |  | $ | 15,047 |
Capital expenditures for the year ended December 31, 2022 |  | $ | 400 |  |  | $ | — |  |  | $ | 413 |  |  | $ | 2,228 |  |  | $ | — |  |  | $ | 3,041 |
Total assets as of December 31, 2022 |  | $ | 3,014,475 |  |  | $ | 34,248 |  |  | $ | 375,171 |  |  | $ | 27,075 |  |  | $ | (382,119) |  |  | $ | 3,068,850 |
Goodwill as of December 31, 2022 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2,838 |  |  | $ | — |  |  | $ | 2,838 |
|  | 2021 |  |
(Dollars in thousands) |  | CoRe Banking |  | Mortgage Banking |  | Financial Holding Company |  | Other |  | Intercompany Eliminations |  | Consolidated
Interest income |  | $ | 83,023 |  |  | $ | 411 |  |  | $ | 15 |  |  | $ | (8) |  |  | $ | (12) |  |  | $ | 83,429 |
Interest expense |  | 4,078 |  |  | — |  |  | 2,188 |  |  | 16 |  |  | (12) |  |  | 6,270 |
Net interest income (expense) |  | 78,945 |  |  | 411 |  |  | (2,173) |  |  | (24) |  |  | — |  |  | 77,159 |
Provision for loan losses |  | (6,274) |  |  | (1) |  |  | — |  |  | — |  |  | — |  |  | (6,275) |
Net interest income (expense) after provision for loan losses |  | 85,219 |  |  | 412 |  |  | (2,173) |  |  | (24) |  |  | — |  |  | 83,434 |
Noninterest income |  | 33,179 |  |  | 16,342 |  |  | 11,103 |  |  | 3,575 |  |  | (8,346) |  |  | 55,853 |
Noninterest Expenses: |  |  |  |  |  |  |  |  |  |  |  |
Salaries and employee benefits |  | 33,595 |  |  | — |  |  | 13,704 |  |  | 5,666 |  |  | — |  |  | 52,965 |
Other expenses |  | 37,033 |  |  | 16 |  |  | 6,573 |  |  | 3,567 |  |  | (8,346) |  |  | 38,843 |
Total noninterest expenses |  | 70,628 |  |  | 16 |  |  | 20,277 |  |  | 9,233 |  |  | (8,346) |  |  | 91,808 |
Income (loss) before income taxes |  | 47,770 |  |  | 16,738 |  |  | (11,347) |  |  | (5,682) |  |  | — |  |  | 47,479 |
Income taxes |  | 9,154 |  |  | 4,068 |  |  | (2,091) |  |  | (1,490) |  |  | — |  |  | 9,641 |
Net income (loss) from continuing operations |  | 38,616 |  |  | 12,670 |  |  | (9,256) |  |  | (4,192) |  |  | — |  |  | 37,838 |
Income from discontinued operations before income taxes |  | — |  |  | — |  |  | — |  |  | 1,099 |  |  | — |  |  | 1,099 |
Income tax expense - discontinued operations |  | — |  |  | — |  |  | — |  |  | 241 |  |  | — |  |  | 241 |
Net income from discontinued operations |  | — |  |  | — |  |  | — |  |  | 858 |  |  | — |  |  | 858 |
Net income (loss) |  | 38,616 |  |  | 12,670 |  |  | (9,256) |  |  | (3,334) |  |  | — |  |  | 38,696 |
Net loss attributable to noncontrolling interest |  | — |  |  | — |  |  | — |  |  | 425 |  |  | — |  |  | 425 |
Net income (loss) attributable to parent |  | $ | 38,616 |  |  | $ | 12,670 |  |  | $ | (9,256) |  |  | $ | (2,909) |  |  | $ | — |  |  | $ | 39,121 |
Preferred stock dividends |  | — |  |  | — |  |  | 35 |  |  | — |  |  | — |  |  | 35 |
Net income (loss) available to common shareholders |  | $ | 38,616 |  |  | $ | 12,670 |  |  | $ | (9,291) |  |  | $ | (2,909) |  |  | $ | — |  |  | $ | 39,086 |
Capital expenditures for the year ended December 31, 2021 |  | $ | 2,590 |  |  | $ | — |  |  | $ | 43 |  |  | $ | 2,731 |  |  | $ | — |  |  | $ | 5,364 |

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