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Segment Reporting (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2025						CoRe Banking						Mortgage Banking						Financial Holding Company						Other						Intercompany Eliminations						Consolidated
(Dollars in thousands)
Interest income						$	42,316					$	103					$	2					$	—					$	(37)					$	42,384
Interest expense						15,807						—						797						37						(37)						16,604
Net interest income (expense)						26,509						103						(795)						(37)						—						25,780
Provision for credit losses						1,990						—						—						—						—						1,990
Net interest income (expense) after provision for credit losses						24,519						103						(795)						(37)						—						23,790
Noninterest income						4,677						2,315						2,855						1,214						(3,116)						7,945
Noninterest Expenses:
Salaries and employee benefits						9,348						—						5,154						1,299						—						15,801
Occupancy expense						1,299						—						72						—						(72)						1,299
Equipment depreciation and maintenance						414						—						72						414						—						900
Data processing and communications						1,129						—						120						83						—						1,332
Professional fees						2,348						—						1,135						281						(283)						3,481
Other expenses1						7,483						—						869						165						(2,761)						5,756
Total noninterest expenses						22,021						—						7,422						2,242						(3,116)						28,569
Operating income (loss)						$	7,175					$	2,418					$	(5,362)					$	(1,065)					$	—					$	3,166
Capital expenditures for the three months ended June 30, 2025						$	155					$	—					$	18					$	18					$	—					$	191
Total assets as of June 30, 2025						3,166,318						90,823						346,158						16,952						(396,243)						3,224,008
Total assets as of December 31, 2024						3,076,644						32,697						405,010						23,090						(408,737)						3,128,704
Goodwill as of June 30, 2025						—						—						—						1,200						—						1,200
Goodwill as of December 31, 2024						—						—						—						2,838						—						2,838
Investment in equity method investees as of June 30, 2025						—						81,423						—						—						—						81,423
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 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
Occupancy expense						948						—																		37						—						(36)						949
Equipment depreciation and maintenance						581						—																		115						522						—						1,218
Data processing and communications						1,027						—																		152						134						—						1,313
Professional fees						4,404						—																		1,250						361						(823)						5,192
Other expenses1						6,297						—																		526						765						(3,279)						4,309
Total noninterest expenses						22,616						—																		6,553						3,899						(4,138)						28,930
Operating income (loss)						$	10,431					$	588																	$	(4,703)					$	(788)					$	—					$	5,528
Capital expenditures for the three months ended June 30, 2024						$	159					$	—																	$	97					$	—					$	—					$	256

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

Six Months Ended June 30, 2025						CoRe Banking						Mortgage Banking																		Financial Holding Company						Other						Intercompany Eliminations						Consolidated
(Dollars in thousands)
Interest income						$	85,467					$	206																	$	4					$	—					$	(64)					$	85,613
Interest expense						31,563						—																		1,594						64						(64)						33,157
Net interest income (expense)						53,904						206																		(1,590)						(64)						—						52,456
Provision for credit losses						2,167						—																		—						—						—						2,167
Net interest income (expense) after provision for credit losses						51,737						206																		(1,590)						(64)						—						50,289
Noninterest income						9,986						2,963																		5,742						2,670						(6,408)						14,953
Noninterest Expenses:
Salaries and employee benefits						18,786						—																		10,411						3,016						—						32,213
Occupancy expense						2,595						—																		108						—						(108)						2,595
Equipment depreciation and maintenance						822						—																		153						904						—						1,879
Data processing and communications						2,241						—																		262						184						—						2,687
Professional fees						4,389						—																		2,549						774						(650)						7,062
Other expenses						14,668						—																		1,495						321						(5,650)						10,834
Total noninterest expenses						43,501						—																		14,978						5,199						(6,408)						57,270
Operating income (loss)						$	18,222					$	3,169																	$	(10,826)					$	(2,593)					$	—					$	7,972
Capital expenditures for the six months ended June 30, 2025						$	392					$	—																	$	30					$	30					$	—					$	452

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

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
Occupancy expense						1,812						—																		73						—						(72)						1,813
Equipment depreciation and maintenance						1,237						—																		202						995						—						2,434
Data processing and communications						2,240						—																		274						258						—						2,772
Professional fees						9,390						—																		2,251						954						(1,666)						10,929
Other expenses						12,399						—																		1,121						1,702						(6,487)						8,735
Total noninterest expenses						46,260						—																		13,072						8,014						(8,225)						59,121
Operating income (loss)						$	23,326					$	(438)																	$	(9,914)					$	(1,661)					$	—					$	11,313
Capital expenditures for the six months ended June 30, 2024						$	811					$	—																	$	108					$	258					$	—					$	1,177

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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