Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2022

Accounting Policies [Abstract]

Summary of Unrealized Portion Related to Equity Securities

The table below presents the unrealized portion related to the equity securities held.

	Three Months Ended September 30,					Nine Months Ended September 30,
(Dollars in thousands)	2022			2021		2022			2021
Net losses recognized during the period on equity securities	$	(77	)	$	—	$	(229	)	$	(31	)
Less: Net gains (losses) recognized during the period on equity    securities sold during the period		—			—		—			—
Unrealized losses recognized during the reporting period on    equity securities still held at the reporting date	$	(77	)	$	—	$	(229	)	$	(31	)

Schedule of Intangible Assets

The table below shows the details of the intangible assets as of the dates presented.

(Dollars in thousands)	September 30, 2022		December 31, 2021
Brand-related intellectual property	$	17,050	$	17,874
Home improvement contractor relationships		5,348		5,606
Total intangible assets	$	22,398	$	23,480

Summary of the Calculation of Basic and Diluted EPS

The table below shows the calculation of basic and diluted EPS.

	Three Months Ended September 30,				Nine Months Ended September 30,
(Dollars in thousands, except share and per share data)	2022		2021		2022		2021
Net income available to common stockholders	$	7,636	$	15,940	$	30,777	$	34,638
Weighted average common shares outstanding applicable    to basic EPS		23,154,775		24,634,845		24,020,058		24,583,573
Effect of dilutive stock options		48,552		98,906		74,097		82,522
Effect of restricted stock grants		307,318		256,475		238,621		279,612
Adjusted weighted average common shares outstanding    applicable to diluted EPS		23,510,645		24,990,226		24,332,776		24,945,707
Basic net income per share	$	0.33	$	0.65	$	1.28	$	1.41
Diluted net income per share		0.32		0.64		1.26		1.39

Summary of Bank's Actual Capital Amounts and Ratios, and the Regulatory Minimum Ratios

The Bank’s actual capital amounts and ratios, and the regulatory minimum ratios are presented in the following table.

	Regulatory
(Dollars in thousands)	Minimum			Well-Capitalized			September 30, 2022			December 31, 2021
Common equity tier 1 capital							$	228,838		$	193,459
Tier 1 capital								297,626			262,247
Total capital								320,957			281,211
Average assets								1,834,814			1,495,726
Risk-weighted assets								1,829,047			1,482,678
Leverage ratio (1)		4.0	%		5.0	%		16.2	%		17.5	%
Common equity tier 1 capital ratio (2)		7.0			6.5			12.5			13.1
Tier 1 capital ratio (3)		8.5			8.0			16.3			17.7
Total capital ratio (3)		10.5			10.0			17.6			19.0

(1)Calculated by dividing Tier 1 capital by average assets.

(2)Calculated by subtracting preferred stock or non-controlling interest from Tier 1 capital and dividing by risk-weighted assets.

(3)Calculated by dividing Tier 1 or total capital by risk-weighted assets.