v3.25.2
Segment Information, As Restated (Tables)
3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Schedule of CODM Reviews to Allocate Recourses to the Bank
The following table presents financial measures the CODM reviews to allocate recourses to the Bank as of the dates or for the periods indicated:
As of or For the Three Months Ended March 31,
($ in thousands)
2025, As Restated
2024
Revenue
Interest income$46,892 $43,555 
Interest expense22,609 22,556 
Net interest income24,283 20,999 
Gain on sale of loans887 1,078 
Other income1,693 1,867 
Total revenue, net of interest expense
26,863 23,944 
Expenses
Provision for credit losses
1,598 1,090 
Salaries and employee benefits9,075 9,218 
Premises expense1,725 1,807 
Depreciation expense564 551 
Other expense3,110 4,776 
Total expense16,072 17,442 
Income before income taxes10,791 6,502 
Income taxes3,056 1,817 
Net income$7,735 $4,685 
Earnings per share, diluted$0.53 $0.33 
Return on average assets1.01 %0.67 %
Return on average shareholders’ equity8.53 %5.39 %
Net interest margin3.28 %3.10 %
Loans held-for-investment growth percentage3.7 %3.2 %
Total deposits growth percentage3.8 %2.2 %
Tier 1 leverage ratio (consolidated) 12.14 %12.73 %
ACL on loans to loans held-for-investment1.17 %1.18 %