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Divestiture
6 Months Ended
Jun. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, 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 six months ended June 30, 2025.

The following table presents the major classes of assets and liabilities held-for-sale:

(Dollars in thousands)June 30, 2025December 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