Basis of Presentation (Tables)

3 Months Ended

Mar. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Finite-Lived Intangible Assets

The table below presents the amortization period and carrying value of our intangible assets, net of accumulated amortization at March 31, 2023.

Table 2.1 – Intangible Assets – Activity

	Intangible Assets at Acquisition		Accumulated Amortization at March 31, 2023		Carrying Value at March 31, 2023		Weighted Average Amortization Period (in years)
(Dollars in Thousands)
Borrower network	$	56,300	$	(23,559)	$	32,741	7
Broker network	18,100		(14,782)		3,318		5
Non-compete agreements	11,400		(9,975)		1,425		3
Tradenames	4,400		(4,100)		300		3
Developed technology	1,800		(1,800)		—		2
Loan administration fees on existing loan assets	2,600		(2,600)		—		1
Total	$	94,600	$	(56,816)	$	37,784	6

Finite-lived Intangible Assets Amortization Expense

Estimated future amortization expense is summarized in the table below.

Table 2.2 – Intangible Asset Amortization Expense by Year

(In Thousands)	March 31, 2023
2023 (9 months)	$	9,323
2024	9,412
2025	8,426
2026	6,694
2027	1,571
2028 and thereafter	2,358
Total Future Intangible Asset Amortization	$	37,784

Pro Forma Information

Table 2.3 – Unaudited Pro Forma Financial Information

	Three Months Ended March 31, 2022
(In Thousands)
Supplementary pro forma information:
Net interest income	$	54,815
Non-interest income	22,401
Net income	32,230