Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2025

Accounting Policies [Abstract]

Schedule of Intangible Assets

The table below presents the intangible assets as of March 31, 2025 and December 31, 2024:

(Dollars in thousands)	March 31, 2025		December 31, 2024
Brand-related intellectual property	$	14,300	$	14,575
Home improvement contractor relationships		4,485		4,571
Total intangible assets	$	18,785	$	19,146

Summary of the Calculation of Basic and Diluted EPS

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

	Three Months Ended March 31,
(Dollars in thousands, except share and per share data)	2025		2024
Net income attributable to common stockholders	$	12,014	$	10,024
Weighted average common shares outstanding applicable to basic EPS		22,570,797		22,641,385
Effect of restricted stock grants		576,251		610,334
Effect of dilutive stock options		234,474		254,793
Effect of performance stock unit grants		515,645		258,534
Adjusted weighted average common shares outstanding applicable to diluted EPS		23,897,167		23,765,045
Basic earnings per share	$	0.53	$	0.44
Diluted earnings per share		0.50		0.42

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)	Adequately Capitalized			Well- Capitalized			March 31, 2025			December 31, 2024
Common equity tier 1 capital							$	328,277		$	322,229
Tier 1 capital								397,064			391,016
Total capital								428,007			422,139
Average assets								2,488,507			2,493,857
Risk-weighted assets								2,414,538			2,429,349
Leverage ratio (1)		4.0	%		5.0	%		16.0	%		15.7	%
Common equity tier 1 capital ratio (2)		4.5			6.5			13.6			13.3
Tier 1 capital ratio (3)		6.0			8.0			16.4			16.1
Total capital ratio (3)		8.0			10.0			17.7			17.4

(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.