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Purchased Receivables
 12 Months Ended
Dec. 31, 2025
Purchased Receivables [Abstract]  
Purchased Receivables Purchased Receivables
    Purchased receivables are carried at their principal amount outstanding, net of an ACL, and have a maturity of less than one year. Income on purchased receivables is accrued and recognized on the balance outstanding using an effective interest method except when management believes doubt exists as to the collectability of the income or principal. There was one nonperforming purchased receivable with a balance of $67,000 as of December 31, 2025 for which management is not accruing income and four nonperforming purchased receivables with a balance of $3.8 million as of December 31, 2024. However, the Company recognized nonaccrual fee income of $899,000 in 2025 related to fees collected on nonaccrual purchased receivables whose principal has been paid down to zero. There is no ACL at December 31, 2025 associated with the $67,000 nonperforming and past due purchased receivable balances. The $3.6 million ACL at December 31, 2024 is associated with $3.8 million nonperforming and past due purchased receivables as of December 31, 2024.
    The following table summarizes the components of net purchased receivables at December 31, for the years indicated:
(In Thousands)20252024
Purchased receivables$101,642 $77,727 
Allowance for credit losses - purchased receivables— (3,649)
Total$101,642 $74,078 
    
    The following table sets forth information regarding changes in the ACL on purchased receivables for the periods indicated: 
(In Thousands)202520242023
Balance at beginning of year$3,649 $— $— 
Impact of acquisition of Sallyport Commercial Finance, LLC— 3,524 — 
Adjustment related to PCD collections payable to sellers1
(1,513)— — 
   Charge-offs(2,211)— — 
   Recoveries33 — — 
Charge-offs net of recoveries(2,178)— — 
Provision for purchased receivables
42 125 — 
Balance at end of year$— $3,649 $— 
1Represents a reduction in the allowance for credit losses on a purchased credit deteriorated purchased receivable acquired in 2024 in connection with the SCF acquisition. Collections received during the period presented above are contractually payable to the sellers under the purchase agreement if collected within one year of the acquisition of SCF. Accordingly, the decrease in the allowance was offset by the recognition of a liability to the sellers, and no benefit was recognized in the provision for credit losses.