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Loans Receivable, Including Loans Held For Sale (Tables)
 9 Months Ended
Sep. 30, 2024
Receivables [Abstract]  
Schedule of Trade and Other Receivables
Major classifications of Loans receivable, including loans held for sale, held by WebBank as of September 30, 2024 and December 31, 2023 are as follows:
TotalCurrentNon-current
September 30, 2024%December 31, 2023%September 30, 2024December 31, 2023September 30, 2024December 31, 2023
Loans held for sale$653,219 $868,884 $653,219 $868,884 $— $— 
Commercial real estate loans$3,588 — %$2,078 — %$— $— $3,588 $2,078 
Commercial and industrial932,488 90 %980,722 87 %724,592 646,890 207,896 333,832 
Consumer loans102,267 10 %142,410 13 %74,257 92,248 28,010 50,162 
Total loans1,038,343 100 %1,125,210 100 %798,849 739,138 239,494 386,072 
Less:
Allowance for credit losses(24,636)(25,486)(21,745)(25,486)(2,891)— 
Total loans receivable, net$1,013,707 $1,099,724 777,104 713,652 236,603 386,072 
Loans receivable, including loans held for sale (a)
$1,430,323 $1,582,536 $236,603 $386,072 
(a)    The amortized cost of loans receivable, including loans held for sale, is considered to be representative of fair value because the rates of interest are not significantly different from market interest rates for instruments with similar maturities. The fair value of loans receivable, including loans held for sale, was $1,665,594 and $1,967,021 as of September 30, 2024 and December 31, 2023, respectively.
Schedule of Financing Receivable, Allowance for Credit Loss
Changes in the ACL are summarized as follows:
Commercial Real Estate LoansCommercial & IndustrialConsumer LoansTotal
December 31, 2023$75 $14,744 $10,667 $25,486 
Charge-offs— (2,644)(2,100)(4,744)
Recoveries— 399 164 563 
Provision (benefit)63 946 (194)815 
March 31, 2024$138 $13,445 $8,537 $22,120 
Charge-offs— (2,051)(1,285)(3,336)
Recoveries— 391 66 457 
Provision18 716 846 1,580 
June 30, 2024$156 $12,501 $8,164 $20,821 
Charge-offs— (2,106)(1,305)(3,411)
Recoveries— 315 79 394 
Provision32 5,742 1,058 6,832 
September 30, 2024$188 $16,452 $7,996 $24,636 

Commercial Real Estate LoansCommercial & IndustrialConsumer LoansTotal
December 31, 2022$28 $18,493 $11,169 $29,690 
Impact of adopting current expected credit loss accounting guidance1 1,144 3,597 4,742 
Charge-offs— (3,493)(2,539)(6,032)
Recoveries5 328 154 487 
Provision7 5,156 2,643 7,806 
March 31, 2023$41 $21,628 $15,024 $36,693 
Charge-offs— (3,826)(2,462)(6,288)
Recoveries54 366 82 502 
(Benefit) Provision(47)4,815 (1,564)3,204 
June 30, 2023$48 $22,983 $11,080 $34,111 
Charge-offs— (4,569)(1,864)(6,433)
Recoveries— 305 88 393 
Provision1 35,191 1,777 36,969 
September 30, 2023$49 $53,910 $11,081 $65,040 

The ACL and outstanding loan balances are summarized as follows:
September 30, 2024Commercial Real Estate LoansCommercial & IndustrialConsumer LoansTotal
Allowance for credit losses:
Individually evaluated for impairment$— $4,562 $— $4,562 
Collectively evaluated for impairment188 11,890 7,996 20,074 
Total$188 $16,452 $7,996 $24,636 
Outstanding loan balances:
Individually evaluated for impairment$— $27,890 $— $27,890 
Collectively evaluated for impairment3,588 904,598 102,267 1,010,453 
Total$3,588 $932,488 $102,267 $1,038,343 

December 31, 2023Commercial Real Estate LoansCommercial & IndustrialConsumer LoansTotal
Allowance for loan losses:
Individually evaluated for impairment$8 $1,000 $— $1,008 
Collectively evaluated for impairment67 13,744 10,667 24,478 
Total$75 $14,744 $10,667 $25,486 
Outstanding loan balances:
Individually evaluated for impairment$8 $3,095 $— $3,103 
Collectively evaluated for impairment2,070 977,627 142,410 1,122,107 
Total$2,078 $980,722 $142,410 $1,125,210 
Schedule of Financing Receivable, Past Due
Past due loans (accruing and nonaccruing) are summarized as follows:
September 30, 2024Current30-89 Days
Past Due		90+ Days
Past Due		Total
Past Due		Total LoansRecorded
Investment
In Accruing
Loans 90+
Days Past Due
Nonaccrual
Loans
That Are
Current (a)
Commercial real estate loans$3,588 $— $— $— $3,588 $— $— 
Commercial and industrial912,578 14,110 5,800 19,910 932,488 5,800 25,312 
Consumer loans98,857 2,540 870 3,410 102,267 870 — 
Total loans$1,015,023 $16,650 $6,670 $23,320 $1,038,343 $6,670 $25,312 

December 31, 2023Current30-89 Days
Past Due		90+ Days
Past Due		Total
Past Due		Total LoansRecorded
Investment
In Accruing
Loans 90+
Days Past Due
Nonaccrual
Loans
That Are
Current (a)
Commercial real estate loans$2,078 $— $— $— $2,078 $— $— 
Commercial and industrial959,852 10,600 10,270 20,870 980,722 10,270 814 
Consumer loans132,570 5,050 4,790 9,840 142,410 4,790 — 
Total loans$1,094,500 $15,650 $15,060 $30,710 $1,125,210 $15,060 $814 
(a)    Represents nonaccrual loans that are not past due more than 30 days; however, full payment of principal and interest is still not expected.
Schedule of Financing Receivable Credit Quality Indicators
Outstanding loan balances (accruing and nonaccruing) categorized by these credit quality indicators are summarized as follows:
September 30, 2024Non - GradedPassSpecial
Mention		Sub-
standard		DoubtfulTotal Loans
Commercial real estate loans$— $3,588 $— $— $— $3,588 
Commercial and industrial700,030 204,568 — 27,890 — 932,488 
Consumer loans102,267 — — — — 102,267 
Total loans$802,297 $208,156 $— $27,890 $— $1,038,343 
December 31, 2023Non - GradedPassSpecial
Mention		Sub-
standard		DoubtfulTotal Loans
Commercial real estate loans$— $2,070 $— $8 $— $2,078 
Commercial and industrial675,952 301,675 — 3,095 — 980,722 
Consumer loans142,410 — — — — 142,410 
Total loans$818,362 $303,745 $— $3,103 $— $1,125,210 

The following table represents the amortized cost basis loan balances by year of origination and credit quality indicator:

As of September 30, 2024Revolving loans amortized cost basis
Amortized Cost Basis by Origination Year
20242023202220212020PriorTotal
Commercial Real Estate Loans
Risk Rating:
Pass$1,607 $1,106 $582 $97 $59 $137 $— $3,588 
Total Commercial Real Estate Loans$1,607 $1,106 $582 $97 $59 $137 $— $3,588 
Commercial & Industrial
Risk Rating:
Pass$— $77,859 $81,522 $44,961 $226 $— $— $204,568 
Non - graded501,358 28,536 901 1,972 4,427 7 162,829 700,030 
Sub-standard666 226 24,562 — — 2,436 — 27,890 
Total Commercial & Industrial$502,024 $106,621 $106,985 $46,933 $4,653 $2,443 $162,829 $932,488 
Current period gross charge-offs$172 $4,549 $1,698 $100 $238 $44 $— $6,801 
Consumer Loans
Risk Rating:
Non - graded$33,677 $42,513 $14,551 $1,068 $160 $183 $10,115 $102,267 
Total Consumer Loans$33,677 $42,513 $14,551 $1,068 $160 $183 $10,115 $102,267 
Current period gross charge-offs$49 $3,107 $1,297 $118 $29 $90 $— $4,690 

As of December 31, 2023Revolving loans amortized cost basis
Amortized Cost Basis by Origination Year
20232022202120202019PriorTotal
Commercial Real Estate Loans
Risk Rating:
Pass$1,116 $591 $126 $61 $42 $134 $— $2,070 
Sub-standard— — — — — 8 — 8 
Total Commercial Real Estate Loans$1,116 $591 $126 $61 $42 $142 $— $2,078 
Commercial & Industrial
Risk Rating:
Pass$135,468 $114,821 $51,181 $205 $— $— $— $301,675 
Non - graded508,163 11,717 414 1,901 278 62 153,417 675,952 
Sub-standard560 27 — — — 2,508 — 3,095 
Total Commercial & Industrial$644,191 $126,565 $51,595 $2,106 $278 $2,570 $153,417 $980,722 
Consumer Loans
Risk Rating:
Non - graded$74,242 $25,733 $2,475 $594 $1,056 $51 $38,259 $142,410 
Total Consumer Loans$74,242 $25,733 $2,475 $594 $1,056 $51 $38,259 $142,410