Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2025

Accounting Policies [Abstract]

Schedule of Intangible Assets

The table below presents the intangible assets as of June 30, 2025 and December 31, 2024:

(Dollars in thousands)	June 30, 2025		December 31, 2024
Brand-related intellectual property	$	14,025	$	14,575
Home improvement contractor relationships		4,399		4,571
Total intangible assets	$	18,424	$	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 June 30,				Six Months Ended June 30,
(Dollars in thousands, except share and per share data)	2025		2024		2025		2024
Net income attributable to common stockholders	$	11,069	$	7,101	$	23,083	$	17,125
Weighted average common shares outstanding applicable to basic EPS		22,783,947		22,598,102		22,677,961		22,619,743
Effect of restricted stock grants		361,690		404,499		468,970		507,416
Effect of dilutive stock options		243,071		163,340		238,772		209,067
Effect of performance stock unit grants		669,376		287,221		592,511		272,878
Adjusted weighted average common shares outstanding applicable to diluted EPS		24,058,084		23,453,162		23,978,214		23,609,104
Basic earnings per share	$	0.49	$	0.31	$	1.02	$	0.76
Diluted earnings per share		0.46		0.30		0.96		0.73

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			June 30, 2025			December 31, 2024
Common equity tier 1 capital							$	337,738		$	322,229
Tier 1 capital								479,652			391,016
Total capital								511,144			422,139
Average assets								2,485,311			2,493,857
Risk-weighted assets								2,455,409			2,429,349
Leverage ratio (1)		4.0	%		5.0	%		19.3	%		15.7	%
Common equity tier 1 capital ratio (2)		4.5			6.5			13.8			13.3
Tier 1 capital ratio (3)		6.0			8.0			19.5			16.1
Total capital ratio (3)		8.0			10.0			20.8			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.