Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 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 June 30,						Six Months Ended June 30,
(Dollars in thousands)	2022			2021			2022			2021
Net losses recognized during the period on equity securities	$	(63	)	$	(3	)	$	(154	)	$	(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	$	(63	)	$	(3	)	$	(154	)	$	(31	)

Schedule of Intangible Assets

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

(Dollars in thousands)	June 30, 2022		December 31, 2021
Brand-related intellectual property	$	17,325	$	17,874
Home improvement contractor relationships		5,434		5,606
Total intangible assets	$	22,759	$	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 June 30,				Six Months Ended June 30,
(Dollars in thousands, except share and per share data)	2022		2021		2022		2021
Net income available to common stockholders	$	13,300	$	10,267	$	23,141	$	18,698
Weighted average common shares outstanding applicable    to basic EPS		24,153,015		24,595,822		24,459,870		24,557,511
Effect of dilutive stock options		84,232		127,493		86,869		74,331
Effect of restricted stock grants		184,620		227,197		204,273		291,181
Adjusted weighted average common shares outstanding    applicable to diluted EPS		24,421,867		24,950,512		24,751,012		24,923,023
Basic net income per share	$	0.55	$	0.42	$	0.95	$	0.76
Diluted net income per share		0.54		0.41		0.93		0.75

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			June 30, 2022			December 31, 2021
Common equity tier 1 capital							$	217,079		$	193,459
Tier 1 capital								285,867			262,247
Total capital								307,653			281,211
Average assets								1,681,043			1,495,726
Risk-weighted assets								1,706,568			1,482,678
Leverage ratio (1)		4.0	%		5.0	%		17.0	%		17.5	%
Common equity tier 1 capital ratio (2)		7.0			6.5			12.7			13.1
Tier 1 capital ratio (3)		8.5			8.0			16.8			17.7
Total capital ratio (3)		10.5			10.0			18.0			19.0