Business Segment Information (Tables)

9 Months Ended

Sep. 30, 2024

Business Segment Information

Schedule of information by operating segment

	Three Months Ended September 30, 2024
	Banking (1)		Factoring		Consolidated
	(Dollars in thousands)
Interest income	$	59,294	$	2,144	$	61,438
Intersegment interest allocations		470		(470)		—
Total interest expense		21,523		—		21,523
Net interest income		38,241		1,674		39,915
Provision for (recapture of) credit losses on loans		186		(33)		153
Net interest income after provision		38,055		1,707		39,762
Noninterest income		1,982		258		2,240
Noninterest expense		25,808		1,747		27,555
Intersegment expense allocations		121		(121)		—
Income before income taxes		14,350		97		14,447
Income tax expense		3,911		29		3,940
Net income	$	10,439	$	68	$	10,507
Total assets	$	5,466,494	$	85,102	$	5,551,596
Loans, net of deferred fees	$	3,353,037	$	57,199	$	3,410,236
Goodwill	$	154,587	$	13,044	$	167,631

	Three Months Ended September 30, 2023
	Banking (1)		Factoring		Consolidated
	(Dollars in thousands)
Interest income	$	58,016	$	2,775	$	60,791
Intersegment interest allocations		397		(397)		—
Total interest expense		15,419		—		15,419
Net interest income		42,994		2,378		45,372
Provision for (recapture of) credit losses on loans		254		(86)		168
Net interest income after provision		42,740		2,464		45,204
Noninterest income		2,044		172		2,216
Noninterest expense		23,588		1,583		25,171
Intersegment expense allocations		109		(109)		—
Income before income taxes		21,305		944		22,249
Income tax expense		6,175		279		6,454
Net income	$	15,130	$	665	$	15,795
Total assets	$	5,314,922	$	88,385	$	5,403,307
Loans, net of deferred fees	$	3,233,379	$	52,082	$	3,285,461
Goodwill	$	154,587	$	13,044	$	167,631

(1) Includes the holding company’s results of operations

	Nine Months Ended September 30, 2024
	Banking (1)		Factoring		Consolidated
	(Dollars in thousands)
Interest income	$	170,170	$	7,896	$	178,066
Intersegment interest allocations		1,346		(1,346)		—
Total interest expense		58,603		—		58,603
Net interest income		112,913		6,550		119,463
Provision for credit losses on loans		556		252		808
Net interest income after provision		112,357		6,298		118,655
Noninterest income		6,030		533		6,563
Noninterest expense		78,438		4,841		83,279
Intersegment expense allocations		381		(381)		—
Income before income taxes		40,330		1,609		41,939
Income tax expense		11,556		476		12,032
Net income	$	28,774	$	1,133	$	29,907
Total assets	$	5,466,494	$	85,102	$	5,551,596
Loans, net of deferred fees	$	3,353,037	$	57,199	$	3,410,236
Goodwill	$	154,587	$	13,044	$	167,631

	Nine Months Ended September 30, 2023
	Banking (1)		Factoring		Consolidated
	(Dollars in thousands)
Interest income	$	164,783	$	10,623	$	175,406
Intersegment interest allocations		1,626		(1,626)		—
Total interest expense		34,483		—		34,483
Net interest income		131,926		8,997		140,923
Provision (recapture) for credit losses on loans		807		(347)		460
Net interest income after provision		131,119		9,344		140,463
Noninterest income		6,743		313		7,056
Noninterest expense		70,645		4,918		75,563
Intersegment expense allocations		435		(435)		—
Income before income taxes		67,652		4,304		71,956
Income tax expense		19,572		1,269		20,841
Net income	$	48,080	$	3,035	$	51,115
Total assets	$	5,314,922	$	88,385	$	5,403,307
Loans, net of deferred fees	$	3,233,379	$	52,082	$	3,285,461
Goodwill	$	154,587	$	13,044	$	167,631

(1) Includes the holding company’s results of operations