| Schedule of Intangible Assets |
The table below presents the intangible assets as of the dates presented:
|
|
|
|
|
|
|
|
|
(Dollars in thousands) |
|
June 30, 2026 |
|
|
December 31, 2025 |
|
Brand-related intellectual property |
|
$ |
12,925 |
|
|
$ |
13,475 |
|
Home improvement contractor relationships |
|
|
4,054 |
|
|
|
4,226 |
|
Total intangible assets |
|
$ |
16,979 |
|
|
$ |
17,701 |
|
|
| Summary of the Calculation of Basic and Diluted EPS |
The table below presents the calculation of basic and diluted EPS.
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
(Dollars in thousands, except share and per share data) |
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Net income attributable to common stockholders |
|
$ |
7,445 |
|
|
$ |
11,069 |
|
|
$ |
12,398 |
|
|
$ |
23,083 |
|
Weighted average common shares outstanding applicable to basic EPS |
|
|
23,288,732 |
|
|
|
22,783,947 |
|
|
|
23,174,870 |
|
|
|
22,677,961 |
|
Effect of performance stock unit grants |
|
|
260,744 |
|
|
|
669,376 |
|
|
|
495,012 |
|
|
|
592,511 |
|
Effect of restricted stock grants |
|
|
217,392 |
|
|
|
361,690 |
|
|
|
352,197 |
|
|
|
468,970 |
|
Effect of dilutive stock options |
|
|
246,435 |
|
|
|
243,071 |
|
|
|
258,105 |
|
|
|
238,772 |
|
Adjusted weighted average common shares outstanding applicable to diluted EPS |
|
|
24,013,303 |
|
|
|
24,058,084 |
|
|
|
24,280,184 |
|
|
|
23,978,214 |
|
Basic earnings per share |
|
$ |
0.32 |
|
|
$ |
0.49 |
|
|
$ |
0.53 |
|
|
$ |
1.02 |
|
Diluted earnings per share |
|
|
0.31 |
|
|
|
0.46 |
|
|
|
0.51 |
|
|
|
0.96 |
|
|
| Summary of Bank's Actual Capital Amounts and Ratios, and the Regulatory Minimum Ratios |
The Bank’s capital amounts and ratios and the regulatory minimum ratios are presented in the following table.
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|
|
|
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|
|
|
|
|
|
Regulatory |
|
|
|
|
|
|
|
(Dollars in thousands) |
|
Adequately Capitalized |
|
|
Well-
Capitalized |
|
|
June 30, 2026 |
|
|
December 31, 2025 |
|
Common equity tier 1 capital |
|
|
|
|
|
|
|
$ |
354,278 |
|
|
$ |
356,038 |
|
Tier 1 capital |
|
|
|
|
|
|
|
|
453,707 |
|
|
|
455,467 |
|
Total capital |
|
|
|
|
|
|
|
|
488,441 |
|
|
|
487,292 |
|
Average assets |
|
|
|
|
|
|
|
|
2,682,074 |
|
|
|
2,558,754 |
|
Risk-weighted assets |
|
|
|
|
|
|
|
|
2,701,087 |
|
|
|
2,472,328 |
|
Leverage ratio (1) |
|
|
4.0 |
% |
|
|
5.0 |
% |
|
|
16.9 |
% |
|
|
17.8 |
% |
Common equity tier 1 capital ratio (2) |
|
|
4.5 |
|
|
|
6.5 |
|
|
|
13.1 |
|
|
|
14.4 |
|
Tier 1 capital ratio (3) |
|
|
6.0 |
|
|
|
8.0 |
|
|
|
16.8 |
|
|
|
18.4 |
|
Total capital ratio (3) |
|
|
8.0 |
|
|
|
10.0 |
|
|
|
18.1 |
|
|
|
19.7 |
|
(1)Calculated by dividing Tier 1 capital by average assets. (2)Calculated by subtracting preferred stock or non-controlling interest from Tier 1 capital and dividing by risk-weighted assets. (3)Calculated by dividing Tier 1 or total capital by risk-weighted assets.
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