XML 37 R26.htm IDEA: XBRL DOCUMENT v3.20.2
Summary of Significant Accounting Policies (Tables)
 9 Months Ended
Sep. 30, 2020
Accounting Policies [Abstract]  
Schedule of Intangible Assets

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

 

(Dollars in thousands)

 

September 30, 2020

 

 

December 31, 2019

 

Brand-related intellectual property

 

$

19,249

 

 

$

20,075

 

Home improvement contractor relationships

 

 

6,038

 

 

 

6,296

 

Race organization

 

 

26,165

 

 

 

26,165

 

Total intangible assets

 

$

51,452

 

 

$

52,536

 

 
Summary of the Calculation of Basic and Diluted EPS The table below shows the calculation of basic and diluted EPS.

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

(Dollars in thousands, except share and per share data)

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Net income (loss) resulting from operations

   available to common stockholders

 

$

(23,630

)

 

$

4,975

 

 

$

(41,250

)

 

$

(1,297

)

Weighted average common shares outstanding applicable to

   basic EPS

 

 

24,461,488

 

 

 

24,361,680

 

 

 

24,440,067

 

 

 

24,336,677

 

Effect of dilutive stock options

 

 

—

 

 

 

16,543

 

 

 

—

 

 

 

—

 

Effect of restricted stock grants

 

 

—

 

 

 

228,944

 

 

 

—

 

 

 

—

 

Adjusted weighted average common shares outstanding

   applicable to diluted EPS

 

 

24,461,488

 

 

 

24,607,167

 

 

 

24,440,067

 

 

 

24,336,677

 

Basic income (loss) per share

 

$

(0.97

)

 

$

0.20

 

 

$

(1.69

)

 

$

(0.05

)

Diluted income (loss) per share

 

 

(0.97

)

 

 

0.20

 

 

 

(1.69

)

 

 

(0.05

)

 
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

 

 

September 30, 2020

 

 

December 31, 2019

 

Common equity Tier 1 capital

 

 

—

 

 

 

—

 

 

$

137,193

 

 

$

158,187

 

Tier 1 capital

 

 

—

 

 

 

—

 

 

 

205,981

 

 

 

226,975

 

Total capital

 

 

—

 

 

 

—

 

 

 

222,945

 

 

 

241,842

 

Average assets

 

 

—

 

 

 

—

 

 

 

1,331,077

 

 

 

1,172,866

 

Risk-weighted assets

 

 

—

 

 

 

—

 

 

 

1,275,599

 

 

 

1,144,337

 

Leverage ratio(1)

 

 

4.0

%

 

 

5.0

%

 

 

15.5

%

 

 

19.4

%

Common equity Tier 1 capital ratio(2)

 

 

7.0

 

 

 

6.5

 

 

 

10.8

 

 

 

13.8

 

Tier 1 capital ratio(3)

 

 

8.5

 

 

 

8.0

 

 

 

16.1

 

 

 

19.8

 

Total capital ratio(3)

 

 

10.5

 

 

 

10.0

 

 

 

17.5

 

 

 

21.1

 

 

(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.