XML 96 R59.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Segment Reporting (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
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, 2024, 2023 and 2022 are as follows:
|  | 2024 |  |
(Dollars in thousands) |  | CoRe Banking |  | Mortgage Banking |  | Financial Holding Company |  | Other |  | Intercompany Eliminations |  | Consolidated
Interest income |  | $ | 185,486 |  |  | $ | 413 |  |  | $ | 9 |  |  | $ | — |  |  | $ | (66) |  |  | $ | 185,842 |
Interest expense |  | 73,146 |  |  | — |  |  | 3,493 |  |  | 71 |  |  | (66) |  |  | 76,644 |
Net interest income (expense) |  | 112,340 |  |  | 413 |  |  | (3,484) |  |  | (71) |  |  | — |  |  | 109,198 |
Provision for credit losses |  | 2,541 |  |  | — |  |  | 1,000 |  |  | — |  |  | — |  |  | 3,541 |
Net interest income (expense) after provision for credit losses |  | 109,799 |  |  | 413 |  |  | (4,484) |  |  | (71) |  |  | — |  |  | 105,657 |
Noninterest income |  | 35,279 |  |  | 1,444 |  |  | 11,546 |  |  | 11,213 |  |  | (16,569) |  |  | 42,913 |
Noninterest Expenses: |  |  |  |  |  |  |  |  |  |  |  |
Salaries and employee benefits |  | 40,471 |  |  | — |  |  | 19,306 |  |  | 8,178 |  |  | — |  |  | 67,955 |
Occupancy expense |  | 3,883 |  |  | — |  |  | 148 |  |  | — |  |  | (144) |  |  | 3,887 |
Equipment depreciation and maintenance |  | 2,113 |  |  | — |  |  | 434 |  |  | 2,034 |  |  | — |  |  | 4,581 |
Data processing and communications |  | 4,369 |  |  | — |  |  | 579 |  |  | 523 |  |  | — |  |  | 5,471 |
Professional fees |  | 17,379 |  |  | — |  |  | 5,580 |  |  | 1,799 |  |  | (3,410) |  |  | 21,348 |
Other expenses 1 |  | 26,779 |  |  | 17 |  |  | 2,405 |  |  | 2,798 |  |  | (13,015) |  |  | 18,984 |
Total noninterest expenses |  | 94,994 |  |  | 17 |  |  | 28,452 |  |  | 15,332 |  |  | (16,569) |  |  | 122,226 |
Income (loss) before income taxes |  | 50,084 |  |  | 1,840 |  |  | (21,390) |  |  | (4,190) |  |  | — |  |  | 26,344 |
Income taxes |  | 13,616 |  |  | 311 |  |  | (4,752) |  |  | (3,076) |  |  | — |  |  | 6,099 |
Net income (loss) |  | 36,468 |  |  | 1,529 |  |  | (16,638) |  |  | (1,114) |  |  | — |  |  | 20,245 |
Net income attributable to noncontrolling interest |  | — |  |  | — |  |  | — |  |  | (154) |  |  | — |  |  | (154) |
Net income (loss) available to common shareholders |  | $ | 36,468 |  |  | $ | 1,529 |  |  | $ | (16,638) |  |  | $ | (1,268) |  |  | $ | — |  |  | $ | 20,091 |
Capital expenditures for the year ended December 31, 2024 |  | $ | 937 |  |  | $ | — |  |  | $ | 189 |  |  | $ | 495 |  |  | $ | — |  |  | $ | 1,620 |
Total assets as of December 31, 2024 |  | $ | 3,076,644 |  |  | $ | 32,697 |  |  | $ | 405,010 |  |  | $ | 23,090 |  |  | $ | (408,737) |  |  | $ | 3,128,704 |
Goodwill as of December 31, 2024 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2,838 |  |  | $ | — |  |  | $ | 2,838 |
Investment in equity method investees as of December 31, 2024 |  | $ | — |  |  | $ | 78,255 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 78,255 |
1 Other expenses consist of insurance, tax and assessment expenses, travel, entertainment, dues and subscription expenses and other overhead expenses.
|  | 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 |
Occupancy expense |  | 3,701 |  |  | — |  |  | 144 |  |  | — |  |  | (144) |  |  | 3,701 |
Equipment depreciation and maintenance |  | 2,889 |  |  | — |  |  | 390 |  |  | 2,279 |  |  | — |  |  | 5,558 |
Data processing and communications |  | 3,840 |  |  | — |  |  | 501 |  |  | 537 |  |  | — |  |  | 4,878 |
Professional fees |  | 15,649 |  |  | — |  |  | 4,682 |  |  | 1,682 |  |  | (3,669) |  |  | 18,344 |
Other expenses 1 |  | 27,142 |  |  | 65 |  |  | 2,516 |  |  | 2,913 |  |  | (10,863) |  |  | 21,773 |
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 |
Investment in equity method investees as of December 31, 2023 |  | $ | — |  |  | $ | 75,754 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 75,754 |
1 Other expenses consist of insurance, tax and assessment expenses, travel, entertainment, dues and subscription expenses and other overhead expenses.
|  | 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 |
Occupancy expense |  | 4,003 |  |  | — |  |  | 152 |  |  | 48 |  |  | (152) |  |  | 4,051 |
Equipment depreciation and maintenance |  | 3,332 |  |  | — |  |  | 458 |  |  | 1,706 |  |  | — |  |  | 5,496 |
Data processing and communications |  | 3,678 |  |  | — |  |  | 65 |  |  | 455 |  |  | — |  |  | 4,198 |
Professional fees |  | 14,137 |  |  | — |  |  | 4,792 |  |  | 4,062 |  |  | (7,330) |  |  | 15,661 |
Other expenses 1 |  | 19,723 |  |  | 142 |  |  | 2,582 |  |  | 118 |  |  | (4,359) |  |  | 18,206 |
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) attributable to parent |  | $ | 32,270 |  |  | $ | 239 |  |  | $ | (13,671) |  |  | $ | (3,791) |  |  | $ | — |  |  | $ | 15,047 |
Preferred stock dividends |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
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 |
1 Other expenses consist of insurance, tax and assessment expenses, travel, entertainment, dues and subscription expenses and other overhead expenses.

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 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration