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Divestiture | 3 Months Ended
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Mar. 31, 2025
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] |
Divestiture | Note 13 – Divestiture Trabian Technology, Inc. As of December 31, 2024, the Bank owned an 80.8% interest in Trabian and consolidated 100% of Trabian within the consolidated financial statements. In December 2024, the Board of Directors and Finance Committee approved a plan to sell the Bank's controlling interest in Trabian. As such, Trabian's assets, including $1.6 million of goodwill, and liabilities were classified as held-for-sale on the consolidated balance sheet as of December 31, 2024. In January 2025, we entered into a stock repurchase agreement with Trabian in which Trabian repurchased all the shares held by us for $3.5 million. As a result of the transaction, we recognized a gain of $0.6 million for the three months ended March 31, 2025. The following table presents the major classes of assets and liabilities held-for-sale:
(Dollars in thousands) |  | March 31, 2025 |  | December 31, 2024
Premises and equipment, net |  | $ | — |  |  | $ | 33 |
Accrued interest receivable and other assets |  | — |  |  | 2,245 |
Total assets held-for-sale |  | $ | — |  |  | $ | 2,278 |
Accrued interest payable and other liabilities |  | $ | — |  |  | $ | 720 |
Total liabilities held-for-sale |  | $ | — |  |  | $ | 720 |

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- Definition The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-5 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/805/tableOfContent + Details
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