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Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2024

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 March 31, 2024						CoRe Banking						Mortgage Banking						Financial Holding Company						Other						Intercompany Eliminations						Consolidated
(Dollars in thousands)
Interest income						$	49,942					$	103					$	2					$	—					$	(17)					$	50,030
Interest expense						18,927						—						959						22						(17)						19,891
Net interest income (expense)						31,015						103						(957)						(22)						—						30,139
Provision for credit losses						1,997						—						—						—						—						1,997
Net interest income (expense) after provision for credit losses						29,018						103						(957)						(22)						—						28,142
Noninterest income						7,521						(1,129)						2,265						3,264						(4,087)						7,834
Noninterest Expenses:
Salaries and employee benefits						9,823						—						4,678						1,988						—						16,489
Other expenses						13,821						—						1,841						2,127						(4,087)						13,702
Total noninterest expenses						23,644						—						6,519						4,115						(4,087)						30,191
Income (loss), before income taxes						12,895						(1,026)						(5,211)						(873)						—						5,785
Income taxes						2,878						(229)						(1,157)						(209)						—						1,283
Net income (loss), before noncontrolling interest						10,017						(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, 2023						CoRe Banking						Mortgage Banking																		Financial Holding Company						Other						Intercompany Eliminations						Consolidated
(Dollars in thousands)
Interest income						$	44,662					$	105																	$	33					$	(6)					$	(31)					$	44,763
Interest expense						11,041						—																		993						31						(31)						12,034
Net interest income (expense)						33,621						105																		(960)						(37)						—						32,729
Provision for loan losses						4,576						—																		—												—						4,576
Net interest income (expense) after provision for loan losses						29,045						105																		(960)						(37)						—						28,153
Noninterest income						3,018						(1,186)																		2,410						1,784						(2,959)						3,067
Noninterest Expenses:
Salaries and employee benefits						9,051						—																		4,950						2,745						—						16,746
Other expenses						11,054						34																		1,917						1,525						(2,959)						11,571
Total noninterest expenses						20,105						34																		6,867						4,270						(2,959)						28,317
Income (loss), before income taxes						11,958						(1,115)																		(5,417)						(2,523)						—						2,903
Income taxes						2,515						(504)																		(942)						(604)						—						465
Net income (loss) from continuing operations						9,443						(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 interest						9,443						(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

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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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