Business Segment Information (Tables)

12 Months Ended

Dec. 31, 2023

Business Segment Information

Schedule of information by operating segment

	Year Ended December 31, 2023
	Banking (1)		Factoring		Consolidated
	(Dollars in thousands)
Interest income	$	220,871	$	13,427	$	234,298
Intersegment interest allocations		2,038		(2,038)		—
Total interest expense		51,074		—		51,074
Net interest income		171,835		11,389		183,224
Provision for (recapture of) credit losses on loans		1,005		(256)		749
Net interest income after provision		170,830		11,645		182,475
Noninterest income		8,582		416		8,998
Noninterest expense		94,451		6,603		101,054
Intersegment expense allocations		547		(547)		—
Income before income taxes		85,508		4,911		90,419
Income tax expense		24,524		1,452		25,976
Net income	$	60,984	$	3,459	$	64,443
Total assets	$	5,111,367	$	82,728	$	5,194,095
Loans, net of deferred fees	$	3,292,920	$	57,458	$	3,350,378
Goodwill	$	154,587	$	13,044	$	167,631

(1) Includes the holding company’s results of operations.

	Year Ended December 31, 2022
	Banking (1)		Factoring		Consolidated
	(Dollars in thousands)
Interest income	$	176,010	$	12,818	$	188,828
Intersegment interest allocations		1,441		(1,441)		—
Total interest expense		8,948		—		8,948
Net interest income		168,503		11,377		179,880
Provision (recapture) for credit losses on loans		526		240		766
Net interest income after provision		167,977		11,137		179,114
Noninterest income		9,722		389		10,111
Noninterest expense		88,531		6,328		94,859
Intersegment expense allocations		524		(524)		—
Income before income taxes		89,692		4,674		94,366
Income tax expense		26,429		1,382		27,811
Net income	$	63,263	$	3,292	$	66,555
Total assets	$	5,062,943	$	94,637	$	5,157,580
Loans, net of deferred fees	$	3,219,287	$	79,263	$	3,298,550
Goodwill	$	154,587	$	13,044	$	167,631

(1) Includes the holding company’s results of operations.

	Year Ended December 31, 2021
	Banking (1)		Factoring		Consolidated
	(Dollars in thousands)
Interest income	$	141,772	$	11,484	$	153,256
Intersegment interest allocations		868		(868)		—
Total interest expense		7,131		—		7,131
Net interest income		135,509		10,616		146,125
Provision for credit losses on loans		(2,926)		(208)		(3,134)
Net interest income after provision		138,435		10,824		149,259
Noninterest income		8,651		1,037		9,688
Noninterest expense		87,466		5,611		93,077
Intersegment expense allocations		410		(410)		—
Income before income taxes		60,030		5,840		65,870
Income tax expense		16,444		1,726		18,170
Net income	$	43,586	$	4,114	$	47,700
Total assets	$	5,424,350	$	75,059	$	5,499,409
Loans, net of deferred fees	$	3,034,097	$	53,229	$	3,087,326
Goodwill	$	154,587	$	13,044	$	167,631

(1) Includes the holding company’s results of operations.