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Segment Reporting (Tables)

9 Months Ended

Sep. 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 September 30, 2025						CoRe Banking						Mortgage Banking						Financial Holding Company						Other						Intercompany Eliminations						Consolidated
(Dollars in thousands)
Interest income						$	44,153					$	103					$	2					$	—					$	(38)					$	44,220
Interest expense						16,850						—						797						38						(38)						17,647
Net interest income (expense)						27,303						103						(795)						(38)						—						26,573
Provision for credit losses						3,427						—						1,000						—						—						4,427
Net interest income (expense) after provision for credit losses						23,876						103						(1,795)						(38)						—						22,146
Noninterest income						(3,091)						2,395						3,511						35,646						(3,849)						34,612
Noninterest Expenses:
Salaries and employee benefits						12,293						—						7,899						1,207						—						21,399
Occupancy expense						1,260						—						146						—						(146)						1,260
Equipment depreciation and maintenance						395						—						93						315						—						803
Data processing and communications						1,260						—						110						88						—						1,458
Professional fees						1,905						—						1,163						171						(285)						2,954
Other expenses1						7,989						—						783						103						(3,418)						5,457
Total noninterest expenses						25,102						—						10,194						1,884						(3,849)						33,331
Operating income (loss)						$	(4,317)					$	2,498					$	(8,478)					$	33,724					$	—					$	23,427
Capital expenditures for the three months ended September 30, 2025						$	858					$	—					$	78					$	19					$	—					$	955
Total assets as of September 30, 2025						3,202,350						93,365						370,610						81,933						(515,305)						3,232,953
Total assets as of December 31, 2024						3,076,644						32,697						405,010						23,090						(408,737)						3,128,704
Goodwill as of September 30, 2025						—						—						—						1,200						—						1,200
Goodwill as of December 31, 2024						—						—						—						2,838						—						2,838
Investment in equity method investees as of September 30, 2025						—						83,922						—						—						—						83,922
Investment in equity method investees as of December 31, 2024						—						78,255						—						—						—						78,255

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

Three Months Ended September 30, 2024						CoRe Banking						Mortgage Banking																		Financial Holding Company						Other						Intercompany Eliminations						Consolidated
(Dollars in thousands)
Interest income						$	46,539					$	103																	$	2					$	—					$	(17)					$	46,627
Interest expense						19,234						—																		808						17						(17)						20,042
Net interest income (expense)						27,305						103																		(806)						(17)						—						26,585
Provision for credit losses						459						—																		500												—						959
Net interest income (expense) after provision for credit losses						26,846						103																		(1,306)						(17)						—						25,626
Noninterest income						4,574						768																		2,956						2,332						(3,973)						6,657
Noninterest Expenses:
Salaries and employee benefits						10,075						—																		4,528						2,119						—						16,722
Occupancy expense						1,040						—																		37						—						(36)						1,041
Equipment depreciation and maintenance						480						—																		124						526						—						1,130
Data processing and communications						1,103						—																		122						131						—						1,356
Professional fees						3,978						—																		1,301						336						(966)						4,649
Other expenses1						6,563						4																		656						335						(2,971)						4,587
Total noninterest expenses						23,239						4																		6,768						3,447						(3,973)						29,485
Operating income (loss)						$	8,181					$	867																	$	(5,118)					$	(1,132)					$	—					$	2,798
Capital expenditures for the three months ended September 30, 2024						$	91					$	—																	$	81					$	137					$	—					$	309

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

Nine Months Ended September 30, 2025						CoRe Banking						Mortgage Banking																		Financial Holding Company						Other						Intercompany Eliminations						Consolidated
(Dollars in thousands)
Interest income						$	129,620					$	309																	$	6					$	—					$	(102)					$	129,833
Interest expense						48,413						—																		2,391						102						(102)						50,804
Net interest income (expense)						81,207						309																		(2,385)						(102)						—						79,029
Provision for credit losses						5,594						—																		1,000						—						—						6,594
Net interest income (expense) after provision for credit losses						75,613						309																		(3,385)						(102)						—						72,435
Noninterest income						6,895						5,358																		9,253						38,316						(10,257)						49,565
Noninterest Expenses:
Salaries and employee benefits						31,079						—																		18,310						4,223						—						53,612
Occupancy expense						3,855						—																		254						—						(254)						3,855
Equipment depreciation and maintenance						1,217						—																		246						1,219						—						2,682
Data processing and communications						3,501						—																		372						272						—						4,145
Professional fees						6,294						—																		3,712						945						(935)						10,016
Other expenses						22,657						—																		2,278						424						(9,068)						16,291
Total noninterest expenses						68,603						—																		25,172						7,083						(10,257)						90,601
Operating income (loss)						$	13,905					$	5,667																	$	(19,304)					$	31,131					$	—					$	31,399
Capital expenditures for the nine months ended September 30, 2025						$	1,250					$	—																	$	108					$	49					$	—					$	1,407

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

Nine Months Ended September 30, 2024						CoRe Banking						Mortgage Banking																		Financial Holding Company						Other						Intercompany Eliminations						Consolidated
(Dollars in thousands)
Interest income						$	142,519					$	309																	$	7					$	—					$	(51)					$	142,784
Interest expense						55,796						—																		2,689						56						(51)						58,490
Net interest income (expense)						86,723						309																		(2,682)						(56)						—						84,294
Provision for credit losses						2,710						—																		500						—						—						3,210
Net interest income (expense) after provision for credit losses						84,013						309																		(3,182)						(56)						—						81,084
Noninterest income						16,993						124																		7,990						8,724						(12,198)						21,633
Noninterest Expenses:
Salaries and employee benefits						29,257						—																		13,679						6,224						—						49,160
Occupancy expense						2,852						—																		110						—						(108)						2,854
Equipment depreciation and maintenance						1,717						—																		326						1,521						—						3,564
Data processing and communications						3,343						—																		396						389						—						4,128
Professional fees						13,368						—																		3,552						1,290						(2,632)						15,578
Other expenses						18,962						4																		1,777						2,037						(9,458)						13,322
Total noninterest expenses						69,499						4																		19,840						11,461						(12,198)						88,606
Operating income (loss)						$	31,507					$	429																	$	(15,032)					$	(2,793)					$	—					$	14,111
Capital expenditures for the nine months ended September 30, 2024						$	902					$	—																	$	189					$	395					$	—					$	1,486

1Other expenses consist of software costs, 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.

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