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Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Schedule of 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, 2024						CoRe Banking						Mortgage Banking						Financial Holding Company						Other						Intercompany Eliminations						Consolidated
(Dollars in thousands)
Interest income						$	46,038					$	103					$	3					$	—					$	(17)					$	46,127
Interest expense						17,635						—						922						17						(17)						18,557
Net interest income (expense)						28,403						103						(919)						(17)						—						27,570
Provision for credit losses						254						—						—						—						—						254
Net interest income (expense) after provision for credit losses						28,149						103						(919)						(17)						—						27,316
Noninterest income						4,898						485						2,769						3,128						(4,138)						7,142
Noninterest Expenses:
Salaries and employee benefits						9,359						—						4,473						2,117						—						15,949
Other expenses						13,257						—						2,080						1,782						(4,138)						12,981
Total noninterest expenses						22,616						—						6,553						3,899						(4,138)						28,930
Income (loss), before income taxes						10,431						588						(4,703)						(788)						—						5,528
Income taxes						2,438						145						(1,016)						(188)						—						1,379
Net income (loss), before noncontrolling interest						7,993						443						(3,687)						(600)						—						4,149
Net income attributable to noncontrolling interest						—						—						—						(60)						—						(60)
Net income (loss) available to common shareholders						$	7,993					$	443					$	(3,687)					$	(660)					$	—					$	4,089
Capital expenditures for the three months ended June 30, 2024						$	159					$	—					$	97					$	—					$	—					$	256
Total assets as of June 30, 2024						$	3,230,012					$	84,195					$	343,954					$	16,315					$	(386,472)					$	3,288,004
Total assets as of December 31, 2023						$	3,255,369					$	83,909					$	345,314					$	17,728					$	(388,438)					$	3,313,882
Goodwill as of June 30, 2024						$	—					$	—					$	—					$	2,838					$	—					$	2,838
Goodwill as of December 31, 2023						$	—					$	—					$	—					$	2,838					$	—					$	2,838

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), before noncontrolling interest						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					$	—																	$	—					$	151					$	—					$	306

Six Months Ended June 30, 2024						CoRe Banking						Mortgage Banking																		Financial Holding Company						Other						Intercompany Eliminations						Consolidated
(Dollars in thousands)
Interest income						$	95,980					$	206																	$	5					$	—					$	(34)					$	96,157
Interest expense						36,562						—																		1,881						39						(34)						38,448
Net interest income (expense)						59,418						206																		(1,876)						(39)						—						57,709
Provision for credit losses						2,251						—																		—						—						—						2,251
Net interest income (expense) after provision for credit losses						57,167						206																		(1,876)						(39)						—						55,458
Noninterest income						12,419						(644)																		5,034						6,392						(8,225)						14,976
Noninterest Expenses:
Salaries and employee benefits						19,182						—																		9,151						4,105						—						32,438
Other expenses						27,078						—																		3,921						3,909						(8,225)						26,683
Total noninterest expenses						46,260						—																		13,072						8,014						(8,225)						59,121
Income (loss), before income taxes						23,326						(438)																		(9,914)						(1,661)						—						11,313
Income taxes						5,316						(84)																		(2,173)						(397)						—						2,662
Net income (loss), before noncontrolling interest						18,010						(354)																		(7,741)						(1,264)						—						8,651
Net income attributable to noncontrolling interest						—						—																		—						(80)						—						(80)
Net income (loss) available to common shareholders						$	18,010					$	(354)																	$	(7,741)					$	(1,344)					$	—					$	8,571
Capital expenditures for the six months ended June 30, 2024						$	811					$	—																	$	108					$	258					$	—					$	1,177

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) before noncontrolling interest						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					$	—																	$	—					$	721					$	—					$	1,213

X

- 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 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: 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 3: 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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