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Segment Reporting
 12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Segment Reporting
Note 23 – Segment Reporting

We have identified three reportable segments: CoRe Banking, Mortgage Banking and Financial Holding Company. All other operating segments are summarized in an Other category.

Our CoRe Banking segment, which includes our Fintech division, represents banking products and services offered to customers by the Bank, primarily loans and deposits accounts. Revenue from banking activities consists primarily of interest earned on loans and investment securities and service charges on deposit accounts.

Revenue from our Mortgage Banking segment is primarily comprised of our share of net income or loss from mortgage banking activities of our equity method investments in ICM and Warp Speed.

Revenue from Financial Holding Company activities is mainly comprised of intercompany service income and dividends.

Information about the reportable segments and reconciliation to the consolidated financial statements for the years ended December 31, 2023, 2022 and 2021 are as follows:
2023
(Dollars in thousands)CoRe BankingMortgage BankingFinancial Holding CompanyOtherIntercompany EliminationsConsolidated
Interest income$189,498 $416 $41 $— $(137)$189,818 
Interest expense$62,507 $— $3,985 $180 $(137)$66,535 
Net interest income (expense)$126,991 $416 $(3,944)$(180)$— $123,283 
Release of allowance for credit losses$(1,921)$— $— $— $— $(1,921)
Net interest income (expense) after release of allowance for credit losses$128,912 $416 $(3,944)$(180)$— $125,204 
Noninterest income$17,286 $(2,486)$10,453 $9,138 $(14,676)$19,715 
Noninterest Expenses:
Salaries and employee benefits$37,265 $7 $17,041 $9,058 $— $63,371 
Other expenses$53,221 $65 $8,233 $7,411 $(14,676)$54,254 
Total noninterest expenses$90,486 $72 $25,274 $16,469 $(14,676)$117,625 
Income (loss) before income taxes55,712 (2,142)(18,765)(7,511)— 27,294 
Income taxes12,342 (557)(4,923)(1,792)— 5,070 
Net income (loss) from continuing operations43,370 (1,585)(13,842)(5,719)— 22,224 
Income from discontinued operations, before income taxes— — — 11,831 — 11,831 
Income tax expense - discontinued operations— — — 3,049 — 3,049 
Net income from discontinued operations— — — 8,782 — 8,782 
Net income (loss)43,370 (1,585)(13,842)3,063 — 31,006 
Net loss attributable to noncontrolling interest— — — 226 — 226 
Net income (loss) available to common shareholders$43,370 $(1,585)$(13,842)$3,289 $— $31,232 
Capital expenditures for the year ended December 31, 2023$914 $— $58 $943 $— $1,915 
Total assets as of December 31, 2023$3,255,369 $83,909 $345,314 $17,728 $(388,438)$3,313,882 
Goodwill as of December 31, 2023$— $— $— $2,838 $— $2,838 
2022
(Dollars in thousands)CoRe BankingMortgage BankingFinancial Holding CompanyOtherIntercompany EliminationsConsolidated
Interest income$125,426 $429 $146 $— $(44)$125,957 
Interest expense10,920 — 3,234 44 (44)14,154 
Net interest income (expense)114,506 429 (3,088)(44)— 111,803 
Provision for loan losses14,194 — — — — 14,194 
Net interest income (expense) after provision for loan losses100,312 429 (3,088)(44)— 97,609 
Noninterest income22,673 37 10,576 6,120 (11,841)27,565 
Noninterest expenses:
Salaries and employee benefits36,960 8 16,582 8,984 — 62,534 
Other expenses44,873 142 8,049 6,389 (11,841)47,612 
Total noninterest expenses81,833 150 24,631 15,373 (11,841)110,146 
Income (loss) before income taxes41,152 316 (17,143)(9,297)— 15,028 
Income taxes8,882 77 (3,472)(2,193)— 3,294 
Net income (loss) from continuing operations32,270 239 (13,671)(7,104)— 11,734 
Income from discontinued operations before income taxes— — — 3,487 — 3,487 
Income tax expense - discontinued operations— — — 834 — 834 
Net income from discontinued operations— — — 2,653 — 2,653 
Net income (loss)32,270 239 (13,671)(4,451)— 14,387 
Net loss attributable to noncontrolling interest— — — 660 — 660 
Net income (loss) available to common shareholders$32,270 $239 $(13,671)$(3,791)$— $15,047 
Capital expenditures for the year ended December 31, 2022$400 $— $413 $2,228 $— $3,041 
Total assets as of December 31, 2022$3,014,475 $34,248 $375,171 $27,075 $(382,119)$3,068,850 
Goodwill as of December 31, 2022$— $— $— $2,838 $— $2,838 
 2021
(Dollars in thousands)CoRe BankingMortgage BankingFinancial Holding CompanyOtherIntercompany EliminationsConsolidated
Interest income$83,023 $411 $15 $(8)$(12)$83,429 
Interest expense4,078 — 2,188 16 (12)6,270 
Net interest income (expense)78,945 411 (2,173)(24)— 77,159 
Provision for loan losses(6,274)(1)— — — (6,275)
Net interest income (expense) after provision for loan losses85,219 412 (2,173)(24)— 83,434 
Noninterest income33,179 16,342 11,103 3,575 (8,346)55,853 
Noninterest Expenses:
Salaries and employee benefits33,595 — 13,704 5,666 — 52,965 
Other expenses37,033 16 6,573 3,567 (8,346)38,843 
Total noninterest expenses70,628 16 20,277 9,233 (8,346)91,808 
Income (loss) before income taxes47,770 16,738 (11,347)(5,682)— 47,479 
Income taxes9,154 4,068 (2,091)(1,490)— 9,641 
Net income (loss) from continuing operations38,616 12,670 (9,256)(4,192)— 37,838 
Income from discontinued operations before income taxes— — — 1,099 — 1,099 
Income tax expense - discontinued operations— — — 241 — 241 
Net income from discontinued operations— — — 858 — 858 
Net income (loss)38,616 12,670 (9,256)(3,334)— 38,696 
Net loss attributable to noncontrolling interest— — — 425 — 425 
Net income (loss) attributable to parent$38,616 $12,670 $(9,256)$(2,909)$— $39,121 
Preferred stock dividends— — 35 — — 35 
Net income (loss) available to common shareholders$38,616 $12,670 $(9,291)$(2,909)$— $39,086 
Capital expenditures for the year ended December 31, 2021$2,590 $— $43 $2,731 $— $5,364