
(Dollars in thousands)									Total		Corporate
Year Ended December 31, 2025	Banking		Factoring		Payments		Intelligence		Segments		and Other(1)		Consolidated
Total interest income	$	256,978	$	147,864	$	25,298	$	—	$	430,140	$	327	$	430,467
Intersegment interest allocations	23,681		(35,217)		11,536		—		—		—		—
Total interest expense	73,113		15		—		—		73,128		6,751		79,879
Net interest income (expense)	207,546		112,632		36,834		—		357,012		(6,424)		350,588
Credit loss expense (benefit)	1,278		1,346		247		—		2,871		277		3,148
Net interest income (expense) after credit loss expense	206,268		111,286		36,587		—		354,141		(6,701)		347,440
Noninterest income	26,287		6,802		31,340		6,804		71,233		17,179		88,412
Noninterest expense:
Salaries and employee benefits	62,022		52,572		35,637		11,056		161,287		72,591		233,878
Depreciation	6,472		1,768		837		43		9,120		5,753		14,873
Other occupancy, furniture and equipment	8,129		2,038		624		54		10,845		6,156		17,001
FDIC insurance and other regulatory assessments	4,426		—		—		—		4,426		—		4,426
Professional fees	6,065		(5,238)		965		4,062		5,854		9,404		15,258
Amortization of intangible assets	1,540		772		4,751		3,713		10,776		806		11,582
Advertising and promotion	1,892		857		3,089		135		5,973		1,227		7,200
Communications and technology	19,999		9,253		10,392		1,212		40,856		8,909		49,765
Software amortization	56		3,685		5,843		44		9,628		1,178		10,806
Travel and entertainment	865		655		1,239		577		3,336		1,965		5,301
Other	15,078		4,978		4,932		430		25,418		7,353		32,771
Total noninterest expense	126,544		71,340		68,309		21,326		287,519		115,342		402,861
Net intersegment noninterest income (expense)(2)	588		1,813		(2,401)		—		—		—		—
Net income (loss) before income tax expense	$	106,599	$	48,561	$	(2,783)	$	(14,522)	$	137,855	$	(104,864)	$	32,991


(Dollars in thousands)									Total		Corporate
Year Ended December 31, 2024	Banking		Factoring		Payments		Intelligence		Segments		and Other(1)		Consolidated
Total interest income	$	262,326	$	137,718	$	22,168	$	—	$	422,212	$	303	$	422,515
Intersegment interest allocations	26,416		(35,886)		9,470		—		—		—		—
Total interest expense	62,712		—		—		—		62,712		9,347		72,059
Net interest income (expense)	226,030		101,832		31,638		—		359,500		(9,044)		350,456
Credit loss expense (benefit)	13,636		4,773		57		—		18,466		301		18,767
Net interest income (expense) after credit loss expense	212,394		97,059		31,581		—		341,034		(9,345)		331,689
Noninterest income	28,167		8,683		24,080		184		61,114		4,300		65,414
Noninterest expense:
Salaries and employee benefits	66,476		49,885		36,160		1,457		153,978		65,602		219,580
Depreciation	6,850		2,099		1,003		4		9,956		5,554		15,510
Other occupancy, furniture and equipment	8,801		2,138		649		3		11,591		5,913		17,504
FDIC insurance and other regulatory assessments	2,717		—		—		—		2,717		—		2,717
Professional fees	4,285		5,333		2,338		328		12,284		5,555		17,839
Amortization of intangible assets	2,372		1,490		6,763		—		10,625		1,367		11,992
Advertising and promotion	2,033		873		1,479		2		4,387		1,796		6,183
Communications and technology	20,853		10,131		9,440		42		40,466		10,456		50,922
Software amortization	194		2,277		2,899		1		5,371		475		5,846
Travel and entertainment	995		829		1,659		36		3,519		1,909		5,428
Other	10,979		3,588		3,583		7		18,157		4,957		23,114
Total noninterest expense	126,555		78,643		65,973		1,880		273,051		103,584		376,635
Net intersegment noninterest income (expense)(2)	535		1,628		(2,163)		—		—		—		—
Net income (loss) before income tax expense	$	114,541	$	28,727	$	(12,475)	$	(1,696)	$	129,097	$	(108,629)	$	20,468


(Dollars in thousands)									Total		Corporate
Year Ended December 31, 2023	Banking		Factoring		Payments		Intelligence		Segments		and Other(1)		Consolidated
Total interest income	$	261,639	$	144,217	$	16,390	$	—	$	422,246	$	175	$	422,421
Intersegment interest allocations	31,450		(38,157)		6,707		—		—		—		—
Total interest expense	44,640		—		—		—		44,640		9,702		54,342
Net interest income (expense)	248,449		106,060		23,097		—		377,606		(9,527)		368,079
Credit loss expense (benefit)	8,498		2,900		60		—		11,458		745		12,203
Net interest income (expense) after credit loss expense	239,951		103,160		23,037		—		366,148		(10,272)		355,876
Noninterest income	23,964		7,829		18,087		—		49,880		293		50,173
Noninterest expense:
Salaries and employee benefits	71,050		49,873		35,089		—		156,012		54,595		210,607
Depreciation	6,817		2,040		648		—		9,505		4,296		13,801
Other occupancy, furniture and equipment	8,592		2,219		681		—		11,492		3,592		15,084
FDIC insurance and other regulatory assessments	2,624		—		—		—		2,624		—		2,624
Professional fees	2,611		3,130		2,448		—		8,189		4,988		13,177
Amortization of intangible assets	2,950		1,821		6,683		—		11,454		—		11,454
Advertising and promotion	2,614		1,046		1,311		—		4,971		1,769		6,740
Communications and technology	17,524		11,289		7,992		—		36,805		8,874		45,679
Software amortization	169		3,060		965		—		4,194		259		4,453
Travel and entertainment	1,263		909		2,479		—		4,651		1,455		6,106
Other	11,499		4,225		3,399		—		19,123		4,386		23,509
Total noninterest expense	127,713		79,612		61,695		—		269,020		84,214		353,234
Net intersegment noninterest income (expense)(2)	—		123		(123)		—		—		—		—
Net income (loss) before income tax expense	$	136,202	$	31,500	$	(20,694)	$	—	$	147,008	$	(94,193)	$	52,815

(1) Includes revenue and expense from the Company’s holding company, which does not meet the definition of an operating segment. Also includes corporate shared service costs such as the majority of salaries and benefits expense for the Company's executive leadership team, as well as other selling, general, and administrative shared services costs including human resources, accounting, finance, risk management and a significant amount of information technology expense.


(Dollars in thousands)	Banking		Factoring		Payments
Year Ended December 31, 2025
Factoring revenue received from Payments	$	—	$	3,643	$	(3,643)
Payments revenue received from Factoring	—		(1,372)		1,372
Banking revenue received from Payments and Factoring	588		(458)		(130)
Net intersegment noninterest income (expense)	$	588	$	1,813	$	(2,401)

Year Ended December 31, 2024
Factoring revenue received from Payments	$	—	$	3,228	$	(3,228)
Payments revenue received from Factoring	—		(1,174)		1,174
Banking revenue received from Payments and Factoring	535		(426)		(109)
Net intersegment noninterest income (expense)	$	535	$	1,628	$	(2,163)

Year Ended December 31, 2023
Factoring revenue received from Payments	$	—	$	1,190	$	(1,190)
Payments revenue received from Factoring	—		(1,067)		1,067
Banking revenue received from Payments and Factoring	—		—		—
Net intersegment noninterest income (expense)	$	—	$	123	$	(123)