Discontinued Operations (Tables)

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Noninterest income:
Insurance commissions	$	—	$	15,303	$	27,728	$	44,372
Gain on sale of discontinued operations, net		—		—		228,272		—
Other, net		—		—		527		954
Total noninterest income		—		15,303		256,527		45,326
Noninterest expense:
Salaries and employee benefits		—		9,292		16,263		27,718
Services and fees		—		410		704		1,245
Net occupancy - premises		—		232		269		757
Equipment expense		—		61		93		238
Other expense		—		659		2,046		2,031
Total noninterest expense		—		10,654		19,375		31,989
Income from discontinued operations before income taxes		—		4,649		237,152		13,337
Income taxes from discontinued operations		—		1,173		59,353		3,373
Income from discontinued operations	$	—	$	3,476	$	177,799	$	9,964

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