Business Segment Information (Tables)

3 Months Ended

Mar. 31, 2024

Business Segment Information

Schedule of information by operating segment

	Three Months Ended March 31, 2024
	Banking (1)		Factoring		Consolidated
	(Dollars in thousands)
Interest income	$	54,713	$	2,838	$	57,551
Intersegment interest allocations		423		(423)		—
Total interest expense		17,458		—		17,458
Net interest income		37,678		2,415		40,093
Provision for (recapture of) credit losses on loans		285		(101)		184
Net interest income after provision		37,393		2,516		39,909
Noninterest income		1,959		88		2,047
Noninterest expense		26,089		1,447		27,536
Intersegment expense allocations		128		(128)		—
Income before income taxes		13,391		1,029		14,420
Income tax expense		3,950		304		4,254
Net income	$	9,441	$	725	$	10,166
Total assets	$	5,172,553	$	83,521	$	5,256,074
Loans, net of deferred fees	$	3,280,404	$	55,698	$	3,336,102
Goodwill	$	154,587	$	13,044	$	167,631

	Three Months Ended March 31, 2023
	Banking (1)		Factoring		Consolidated
	(Dollars in thousands)
Interest income	$	52,273	$	4,001	$	56,274
Intersegment interest allocations		705		(705)		—
Total interest expense		7,016		—		7,016
Net interest income		45,962		3,296		49,258
Provision for (recapture of) credit losses on loans		144		(112)		32
Net interest income after provision		45,818		3,408		49,226
Noninterest income		2,682		84		2,766
Noninterest expense		23,728		1,673		25,401
Intersegment expense allocations		174		(174)		—
Income before income taxes		24,946		1,645		26,591
Income tax expense		7,188		486		7,674
Net income	$	17,758	$	1,159	$	18,917
Total assets	$	5,453,352	$	83,188	$	5,536,540
Loans, net of deferred fees	$	3,192,491	$	69,424	$	3,261,915
Goodwill	$	154,587	$	13,044	$	167,631

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