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Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2025

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 March 31, 2025						CoRe Banking						Mortgage Banking						Financial Holding Company						Other						Intercompany Eliminations						Consolidated
(Dollars in thousands)
Interest income						$	43,151					$	103					$	2					$	—					$	(27)					$	43,229
Interest expense						15,756						—						797						27						(27)						16,553
Net interest income (expense)						27,395						103						(795)						(27)						—						26,676
Provision for credit losses						177						—						—						—						—						177
Net interest income (expense) after provision for credit losses						27,218						103						(795)						(27)						—						26,499
Noninterest income						5,309						648						2,887						1,456						(3,292)						7,008
Noninterest Expenses:
Salaries and employee benefits						9,438						—						5,257						1,717						—						16,412
Occupancy expense						1,296						—						36						—						(36)						1,296
Equipment depreciation and maintenance						408						—						81						490						—						979
Data processing and communications						1,112						—						142						101						—						1,355
Professional fees						2,041						—						1,414						493						(367)						3,581
Other expenses1						7,185						—						626						156						(2,889)						5,078
Total noninterest expenses						21,480						—						7,556						2,957						(3,292)						28,701
Operating income (loss)						$	11,047					$	751					$	(5,464)					$	(1,528)					$	—					$	4,806
Capital expenditures for the three months ended March 31, 2025						$	237					$	—					$	12					$	12					$	—					$	261
Total assets as of March 31, 2025						$	2,966,653					$	88,406					$	353,050					$	18,044					$	(406,466)					$	3,019,687
Total assets as of December 31, 2024						$	3,076,644					$	32,697					$	405,010					$	23,090					$	(408,737)					$	3,128,704
Goodwill as of March 31, 2025						$	—					$	—					$	—					$	1,200					$	—					$	1,200
Goodwill as of December 31, 2024						$	—					$	—					$	—					$	2,838					$	—					$	2,838
Investment in equity method investees as of March 31, 2025						$	—					$	79,004					$	—					$	—					$	—					$	79,004
Investment in equity method investees as of December 31, 2024						$	—					$	78,255					$	—					$	—					$	—					$	78,255

1Other expenses consist of insurance, tax and assessment expenses, travel, entertainment, dues and subscription expenses and other operating expenses.

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
Occupancy expense						864						—																		36						—						(36)						864
Equipment depreciation and maintenance						656						—																		87						473						—						1,216
Data processing and communications						1,213						—																		122						124						—						1,459
Professional fees						4,986						—																		1,001						593						(843)						5,737
Other expenses1						6,102						—																		595						937						(3,208)						4,426
Total noninterest expenses						23,644						—																		6,519						4,115						(4,087)						30,191
Operating income (loss)						$	12,895					$	(1,026)																	$	(5,211)					$	(873)					$	—					$	5,785
Capital expenditures for the three months ended March 31, 2024						$	652					$	—																	$	11					$	258					$	—					$	921

1Other expenses consist of insurance, tax and assessment expenses, travel, entertainment, dues and subscription expenses and other operating 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

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X

- References

No definition available.

+ Details

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