v3.26.1
Discontinued Operations and Assets and Liabilities Held for Sale (Tables)
 6 Months Ended
Jun. 30, 2026
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Disposal Groups, Including Discontinued Operations The table below presents the operating results of the Residential Mortgage Banking segment presented as discontinued
operations.
Three Months Ended June 30,
Six Months Ended June 30,
(in thousands)
2026
2025
2026
2025
Interest income
$—
$2,575
$—
$4,693
Interest expense
—
(2,491)
—
(4,515)
Net interest income
$—
$84
$—
$178
Non-interest income
Residential mortgage banking activities
—
10,540
—
20,955
Net realized gain (loss) on financial instruments
—
—
—
9,832
Net unrealized gain (loss) on financial instruments
—
—
—
(8,952)
Servicing income, net of amortization and impairment
—
343
—
1,776
Other income
—
4
—
8
Total non-interest income
$—
$10,887
$—
$23,619
Non-interest expense
Employee compensation and benefits
—
(2,792)
—
(6,353)
Variable expenses on residential mortgage banking activities
—
(7,180)
—
(13,599)
Professional fees
—
(276)
—
(824)
Loan servicing expense
—
(2,274)
—
(3,702)
Other operating expenses
—
(2,006)
—
(3,470)
Total non-interest expense
$—
$(14,528)
$—
$(27,948)
Loss from discontinued operations before income tax benefit
—
(3,557)
—
(4,151)
Loss from disposal of discontinued operations before income tax benefit
—
(3,010)
—
(3,010)
Net loss from discontinued operations before income tax benefit
$—
$(6,567)
$—
$(7,161)
Income tax benefit
—
1,641
—
1,790
Net loss from discontinued operations
$—
$(4,926)
$—
$(5,371)