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Segment Reporting
 3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Segment Reporting
Note 14 – Segment Reporting

We have identified three reportable segments: CoRe Banking; Mortgage Banking; and Financial Holding Company. All other operating segments are summarized in an Other category.

Our CoRe Banking segment, which includes our Fintech division, represents banking products and services offered to customers by the Bank, primarily loans and deposits accounts. Revenue from banking activities consists primarily of interest earned on loans and investment securities and service charges on deposit accounts.

Revenue from our Mortgage Banking segment is primarily comprised of our share of net income or loss from mortgage banking activities of our equity method investments in ICM and Warp Speed.

Revenue from Financial Holding Company activities is mainly comprised of intercompany service income and dividends.

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, 2024CoRe BankingMortgage BankingFinancial Holding CompanyOtherIntercompany EliminationsConsolidated
(Dollars in thousands)
Interest income$49,942 $103 $2 $— $(17)$50,030 
Interest expense18,927 — 959 22 (17)19,891 
   Net interest income (expense)31,015 103 (957)(22)— 30,139 
Provision for credit losses1,997 — — — — 1,997 
Net interest income (expense) after provision for credit losses29,018 103 (957)(22)— 28,142 
Noninterest income7,521 (1,129)2,265 3,264 (4,087)7,834 
Noninterest Expenses:
Salaries and employee benefits9,823 — 4,678 1,988 — 16,489 
Other expenses13,821 — 1,841 2,127 (4,087)13,702 
   Total noninterest expenses23,644 — 6,519 4,115 (4,087)30,191 
Income (loss), before income taxes12,895 (1,026)(5,211)(873)— 5,785 
Income taxes2,878 (229)(1,157)(209)— 1,283 
Net income (loss), before noncontrolling interest10,017 (797)(4,054)(664)— 4,502 
   Net income attributable to noncontrolling interest— — — (20)— (20)
Net income (loss) available to common shareholders$10,017 $(797)$(4,054)$(684)$— $4,482 
Capital expenditures for the three months ended March 31, 2024$652 $— $11 $258 $— $921 
Total assets as of March 31, 2024$3,489,684 $84,448 $347,031 $16,633 $(390,406)$3,547,390 
Total assets as of December 31, 2023$3,255,369 $83,909 $345,314 $17,728 $(388,438)$3,313,882 
Goodwill as of March 31, 2024$— $— $— $2,838 $— $2,838 
Goodwill as of December 31, 2023$— $— $— $2,838 $— $2,838 
Three Months Ended March 31, 2023CoRe BankingMortgage BankingFinancial Holding CompanyOtherIntercompany EliminationsConsolidated
(Dollars in thousands)
Interest income$44,662 $105 $33 $(6)$(31)$44,763 
Interest expense11,041 — 993 31 (31)12,034 
   Net interest income (expense)33,621 105 (960)(37)— 32,729 
Provision for loan losses4,576 — — — 4,576 
Net interest income (expense) after provision for loan losses29,045 105 (960)(37)— 28,153 
Noninterest income3,018 (1,186)2,410 1,784 (2,959)3,067 
Noninterest Expenses:
Salaries and employee benefits9,051 — 4,950 2,745 — 16,746 
Other expenses11,054 34 1,917 1,525 (2,959)11,571 
   Total noninterest expenses20,105 34 6,867 4,270 (2,959)28,317 
Income (loss), before income taxes11,958 (1,115)(5,417)(2,523)— 2,903 
Income taxes2,515 (504)(942)(604)— 465 
   Net income (loss) from continuing operations9,443 (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), before noncontrolling interest9,443 (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 $— $— $571 $— $908