Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2024

Discontinued Operations and Disposal Groups [Abstract]

Summary of Disposal Groups, Including Discontinued Operations

The following table summarizes financial information related to FBBI which has been segregated from continuing operations and reported as discontinued operations for the periods presented ($ in thousands):

	Three Months Ended June 30,					Six Months Ended June 30,
	2024			2023		2024		2023
Noninterest income:
Insurance commissions	$	12,264		$	14,764	$	27,728	$	29,069
Gain on sale of discontinued operations, net		228,272			—		228,272		—
Other, net		(3	)		960		527		954
Total noninterest income		240,533			15,724		256,527		30,023
Noninterest expense:
Salaries and employee benefits		6,292			9,142		16,263		18,426
Services and fees		296			443		704		835
Net occupancy - premises		43			211		269		525
Equipment expense		33			67		93		177
Other expense		1,229			734		2,046		1,372
Total noninterest expense		7,893			10,597		19,375		21,335
Income from discontinued operations before income taxes		232,640			5,127		237,152		8,688
Income taxes from discontinued operations		58,203			1,294		59,353		2,200
Income from discontinued operations	$	174,437		$	3,833	$	177,799	$	6,488

The assets and liabilities of discontinued operations on the consolidated balance sheet at December 31, 2023 were as follows ($ in thousands):

	December 31, 2023
Carrying amounts of assets included as part of discontinued operations:
Cash and due from banks	$	200
Premises and equipment, net		308
Goodwill		49,633
Identifiable intangible assets, net		2,729
Operating lease right-of-use assets		2,431
Other assets		12,333
Assets of discontinued operations	$	67,634
Carrying amounts of liabilities included as part of discontinued operations:
Operating lease liabilities	$	2,487
Other liabilities		9,540
Liabilities of discontinued operations	$	12,027