v3.26.1
Pay vs Performance Disclosure
 12 Months Ended
Dec. 31, 2025
USD ($)
$ / shares
Dec. 31, 2024
USD ($)
$ / shares
Dec. 31, 2023
USD ($)
$ / shares
Dec. 31, 2022
USD ($)
$ / shares
Dec. 31, 2021
USD ($)
$ / shares
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Summary Compensation Table Total for PEO
Compensation Actually Paid to PEO
Average Summary Compensation Table Total for Other NEOs
Average Compensation Actually Paid to Other NEOs
Value of initial fixed $100 investment based on:
Net income (thousands)
Earnings Per Share – Diluted
TSR
TSR of peer group
Year(1)(2)(3)(4)(5)(6)(7)(8)
2025$1,639,497$1,815,816$1,120,759$1,173,545$167.71$211.47$111,048$2.68
20241,337,4661,636,9971,140,5981,365,328142.38164.7076,2151.84
20231,257,8211,101,9801,101,8931,066,585117.09123.02104,1312.53
20221,461,5021,468,8961,348,5701,273,741131.93112.77146,9364.12
20211,487,2481,914,9291,205,8431,320,992137.66135.9795,6443.19
        
Named Executive Officers, Footnote The dollar amounts represent total compensation reported for our PEO, Richard Moore, for each corresponding year in the “Total” column of the SCT in each applicable year. Mr. Moore has served as our PEO since 2020.
(3)The dollar amounts represent the average of the amounts reported for the Other NEOs as a group in the “Total” column of the SCT in each applicable year. The names of each of the Other NEOs included for purposes of calculating the average amounts in each applicable year are as follows: (i) for 2025 and 2024, Mr. Mayer, Ms. Bostian, Mr. Currie and Mr. Wilson; (ii) for 2023 and 2022, Mr. Mayer, Ms. Bostian, and Mr. Currie; and (iii) for 2021, Mr. Mayer, Eric P. Credle, Ms. Bostian, and Mr. Currie.
        
Peer Group Issuers, Footnote Represents the weighted peer group TSR, weighted according to the respective companies’ stock market capitalization at the beginning of each period for which a return is indicated. The peer group used for this purpose is the following published industry index: S&P US BMI Banks Industry Group Index.        
PEO Total Compensation Amount $ 1,639,497 $ 1,337,466 $ 1,257,821 $ 1,461,502 $ 1,487,248
PEO Actually Paid Compensation Amount $ 1,815,816 1,636,997 1,101,980 1,468,896 1,914,929
Adjustment To PEO Compensation, Footnote The dollar amounts represent Compensation Actually Paid to our PEO as computed in accordance with Item 402(v) of Regulation S-K (referenced to herein as “CAP”). The following adjustments were made to the Total Compensation as presented in the SCT for each year to determine the CAP.
YearReported Summary Compensation Table Total for PEOReported Value of Stock Awards
 (a)		Stock Award Adjustment
(b)		Compensation Actually Paid to PEO
2025$1,639,497 $(774,381)$950,700 $1,815,816 
20241,337,466 (634,857)934,388 1,636,997 
20231,257,821 (585,000)429,159 1,101,980 
20221,461,502 (670,600)677,994 1,468,896 
20211,487,248 (674,320)1,102,001 1,914,929 
(a)Represents the total grant date fair value of equity awards reported in the “Stock Awards” and “Option Awards” columns in the SCT for the applicable year.
(b)Represents the current year change in value of stock awards calculated as the sum of the following: (i) the year-end fair value of any unvested equity awards granted in the current year; (ii) the change in fair value during the year of any remaining unvested equity awards granted in a prior year; (iii) fair value of any equity awards that are both granted and vest in the current year; and (iv) the change in fair value for awards granted in prior years that vest in the current year (calculated as fair value on the vesting date less fair value at the end of the prior year). For the periods presented, there were no awards granted in prior years that were determined to fail to meet the applicable vesting conditions. The dollar value of dividends paid on equity awards are included in total compensation in the SCT for the applicable year. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The amounts deducted or added in calculating the equity award adjustments are as follows:
YearFair Value as of Vesting Date of Equity Awards Granted and Vested in Same YearFair Value Change of Equity Awards Issued in Prior Year and Vested in Current YearYear-End Fair Value of Unvested Equity Awards Granted During that Year Year Over Year Change in Fair Value of Unvested Equity AwardsTotal
2025$— $(31,243)$772,657 $209,286 $950,700 
202424,931 54,050 631,761 223,646 934,388 
202360,610 (218,445)746,171 (159,177)429,159 
202262,032 (3,914)707,117 (87,241)677,994 
202162,149 11,949 684,139 343,764 1,102,001 
        
Non-PEO NEO Average Total Compensation Amount $ 1,120,759 1,140,598 1,101,893 1,348,570 1,205,843
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,173,545 1,365,328 1,066,585 1,273,741 1,320,992
Adjustment to Non-PEO NEO Compensation Footnote The dollar amounts represent the average amount of CAP to the Other NEOs as a group, as computed in accordance with Item 402(v) of Regulation S-K. The following adjustments were made to the average total compensation as presented in the SCT for the Other NEOs as a group for each year to determine the CAP:
YearAverage Reported Summary Compensation Table Total for Other NEOsAverage Reported Value of Stock Awards
(a)		Average Stock Award Adjustment
(b)		Average Compensation Actually Paid to Other NEOs
2025$1,120,759 $(300,390)$353,176 $1,173,545 
20241,140,598 (354,734)579,464 1,365,328 
20231,101,893 (393,536)358,228 1,066,585 
20221,348,570 (466,094)391,265 1,273,741 
20211,205,843 (588,844)703,993 1,320,992 
(a)Represents the average total grant date fair value of equity awards reported in the “Stock Awards” and “Option Awards” columns in the SCT for the Other NEOs.
(b)Represents the current year change in value of stock awards calculated as the sum of the following: (i) the year-end fair value of any unvested equity awards granted in the current year; (ii) the change in fair value during the year of any remaining unvested equity awards granted in a prior year; (iii) fair value of any equity awards that are both granted and vest in the current year; and (iv) the change in fair value for awards granted in prior years that vest in the current year (calculated as fair value on the vesting date less fair value at the end of the prior year). For the periods presented, there were no awards granted in prior years that were determined to fail to meet the applicable vesting conditions. The dollar value of dividends paid on equity awards are included in total compensation in the SCT for the applicable year. The valuation assumptions used to
calculate fair values did not materially differ from those disclosed at the time of grant. The amounts deducted or added in calculating the equity award adjustments are as follows:
YearFair Value as of Vesting Date of Equity Awards Granted and Vested in Same YearFair Value Change of Equity Awards Issued in Prior Year and Vested in Current YearYear-End Fair Value of Unvested Equity Awards Granted During that Year Year Over Year Change in Fair Value of Unvested Equity AwardsTotal
2025$— $(7,658)$265,090 $95,744 $353,176 
202424,609 59,276 393,678 101,901 579,464 
202360,384 (80,697)495,247 (116,706)358,228 
202237,395 (2,053)407,727 (51,804)391,265 
202123,150 10,459 546,197 124,187 703,993 
        
Compensation Actually Paid vs. Total Shareholder Return
The following graphs set forth the relationship between our PEO's CAP and the average of our Other NEOs' CAP, to (i) cumulative TSR over the five most recently completed fiscal years for the Company and our peer group, (ii) our net income, and (iii) our D-EPS. CAP is influenced by a number of factors, including, but not limited to, the timing of equity award vesting, share price volatility over time, Company performance, changes in NEOs over time and other factors. Net income and D-EPS were impacted by the following: the 2021 acquisition of Select Bancorp and the impact of related expenses on net income; the 2023 acquisition of GrandSouth Bancorporation and the impact of related expenses on net income; the 2024 impact of the securities loss-earnback transaction; and the 2025 impact of the securities loss-earnback transactions. The following graphs showing net income and D-EPS also include Adjusted Net Income and Adjusted D-EPS for 2024 and 2025 only. The reconciliation from net income to Adjusted Net Income and D-EPS to Adjusted D-EPS are included in the Appendix. Prior years were not presented on an adjusted basis.
8905
        
Compensation Actually Paid vs. Net Income
8908
The reconciliation from net income to Adjusted Net Income is presented in the Appendix.
        
Compensation Actually Paid vs. Company Selected Measure
8999
The reconciliation from D-EPS to Adjusted D-EPS is presented in the Appendix.
        
Total Shareholder Return Vs Peer Group
The following graphs set forth the relationship between our PEO's CAP and the average of our Other NEOs' CAP, to (i) cumulative TSR over the five most recently completed fiscal years for the Company and our peer group, (ii) our net income, and (iii) our D-EPS. CAP is influenced by a number of factors, including, but not limited to, the timing of equity award vesting, share price volatility over time, Company performance, changes in NEOs over time and other factors. Net income and D-EPS were impacted by the following: the 2021 acquisition of Select Bancorp and the impact of related expenses on net income; the 2023 acquisition of GrandSouth Bancorporation and the impact of related expenses on net income; the 2024 impact of the securities loss-earnback transaction; and the 2025 impact of the securities loss-earnback transactions. The following graphs showing net income and D-EPS also include Adjusted Net Income and Adjusted D-EPS for 2024 and 2025 only. The reconciliation from net income to Adjusted Net Income and D-EPS to Adjusted D-EPS are included in the Appendix. Prior years were not presented on an adjusted basis.
8905
        
Total Shareholder Return Amount $ 167.71 142.38 117.09 131.93 137.66
Peer Group Total Shareholder Return Amount 211.47 164.70 123.02 112.77 135.97
Net Income (Loss) $ 111,048,000 $ 76,215,000 $ 104,131,000 $ 146,936,000 $ 95,644,000
Company Selected Measure Amount | $ / shares 2.68 1.84 2.53 4.12 3.19
Additional 402(v) Disclosure Cumulative Total Shareholder Return (“TSR”) is calculated by dividing (i) the sum of (A) the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and (B) the difference between the Company’s share price at the end and the beginning of the measurement period, by (ii) the Company’s share price at the beginning of the measurement period.Represents the amount of net income reflected in the Company’s audited financial statements for the applicable year.Represents D-EPS, which is utilized in our compensation plans. The Company has determined that D-EPS is the financial performance measure that, in the Company’s assessment, represents the most important performance measure (that is not otherwise required to be disclosed in the table above) used by the Company to link compensation actually paid to the Company’s NEOs to Company performance. For 2024 and 2025, however, the Compensation Committee determined that Adjusted Net Income and the resulting Adjusted D-EPS would be utilized for purposes of measuring the earnings per share measurement under the AIP. See the attached Appendix, and the above section entitled "2025 Financial Highlights" and "Annual Incentive Plan" above for a discussion on the use of Adjusted Net Income and Adjusted D-EPS in 2025.        
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (774,381) $ (634,857) $ (585,000) $ (670,600) $ (674,320)
PEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 950,700 934,388 429,159 677,994 1,102,001
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 772,657 631,761 746,171 707,117 684,139
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 209,286 223,646 (159,177) (87,241) 343,764
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 24,931 60,610 62,032 62,149
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (31,243) 54,050 (218,445) (3,914) 11,949
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (300,390) (354,734) (393,536) (466,094) (588,844)
Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 353,176 579,464 358,228 391,265 703,993
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 265,090 393,678 495,247 407,727 546,197
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 95,744 101,901 (116,706) (51,804) 124,187
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 24,609 60,384 37,395 23,150
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (7,658) $ 59,276 $ (80,697) $ (2,053) $ 10,459