PREMISES AND EQUIPMENT AND DEVELOPED SOFTWARE (Tables)

6 Months Ended

Jun. 30, 2024

Property, Plant and Equipment [Abstract]

Schedule of Premises and Equipment and Developed Software

The components of premises and equipment were as follows:

(amounts in thousands)	Expected Useful Life	June 30, 2024		December 31, 2023
IT equipment	3 to 5 years	$	1,000	$	930
Accumulated depreciation		(552)		(395)
Total		$	448	$	535

The components of developed software were as follows:

(amounts in thousands)	Expected Useful Life	June 30, 2024		December 31, 2023
Higher One Disbursement business developed software	10 years	$	27,400	$	27,400
Internally developed software	3 to 7 years	51,556		43,225
Work-in-process		985		6,662
		79,941		77,287
Accumulated amortization		(63,694)		(61,114)
Total		$	16,247	$	16,173