v3.26.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest and dividend income:        
Loans, including fees $ 53,592 $ 54,836 $ 101,248 $ 108,412
Factored receivables, including fees 58,958 44,217 104,979 82,911
Securities 3,904 5,721 8,444 11,029
FHLB and other stock 146 246 418 495
Cash deposits 7,937 4,181 12,203 8,624
Total interest income 124,537 109,201 227,292 211,471
Interest expense:        
Deposits 24,027 15,505 38,079 29,902
Subordinated notes 663 661 1,325 1,343
Junior subordinated debentures 965 1,035 1,919 2,029
Other borrowings 56 3,322 1,049 5,136
Total interest expense 25,711 20,523 42,372 38,410
Net interest income (expense) 98,826 88,678 184,920 173,061
Credit loss expense (benefit) 2,736 (702) 2,129 628
Net interest income after credit loss expense (benefit) 96,090 89,380 182,791 172,433
Noninterest income:        
Net gains (losses) on sale of loans 100 190 187 324
Net (gains) losses on disposal of premises and equipment (1,779) (218) (1,173) 628
Insurance commissions 1,006 1,282 2,117 2,532
Other 2,634 1,711 3,630 4,164
Total noninterest income 21,415 19,384 41,122 36,574
Noninterest expense:        
Salaries and employee benefits 60,087 59,882 118,255 118,600
Occupancy, furniture and equipment 6,364 8,139 12,865 16,581
FDIC insurance and other regulatory assessments 1,167 894 2,225 1,621
Professional fees 7,089   11,852 5,744
Professional fees   (320)    
Amortization of intangible assets 2,486 3,400 5,002 5,800
Advertising and promotion 1,405 1,838 2,617 3,302
Communications and technology 11,950 12,315 25,069 24,559
Software amortization 3,477 2,865 6,777 4,857
Travel and entertainment 1,208 1,619 2,728 3,111
Other 6,401 10,208 12,505 16,838
Total noninterest expense 101,634 100,840 199,895 201,013
Net income before income tax expense 15,871 7,924 24,018 7,994
Income tax expense 4,501 3,504 6,293 3,557
Net income 11,370 4,420 17,725 4,437
Dividends on preferred stock (802) (802) (1,603) (1,603)
Net income (loss) available to common stockholders $ 10,568 $ 3,618 $ 16,122 $ 2,834
Earnings per common share        
Basic (in dollars per share) $ 0.44 $ 0.15 $ 0.68 $ 0.12
Diluted (in dollars per share) $ 0.44 $ 0.15 $ 0.67 $ 0.12
Service charges on deposits        
Noninterest income:        
Revenue $ 1,798 $ 1,742 $ 3,010 $ 3,338
Card income        
Noninterest income:        
Revenue 2,129 1,922 4,089 3,719
Fee income        
Noninterest income:        
Revenue $ 15,527 $ 12,755 $ 29,262 $ 21,869