v3.26.3
FAIR VALUE DISCLOSURES (Tables)
 9 Months Ended
Sep. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis
Assets and liabilities measured at fair value on a recurring basis are summarized in the table below.
(Dollars in thousands)Fair Value Measurements UsingTotal
Fair Value
September 30, 2026Level 1Level 2Level 3
Assets measured at fair value on a recurring basis
Securities available for sale
Mortgage-backed securities, residential$— $84,624 $— $84,624 
Asset-backed securities— 727 — 727 
State and municipal— 2,536 — 2,536 
CLO securities— 112,645 — 112,645 
Corporate bonds— 245 — 245 
SBA pooled securities— 899 — 899 
$— $201,676 $— $201,676 
Equity securities with readily determinable fair values
Mutual fund$4,369 $— $— $4,369 
Loans held for sale$— $2,396 $— $2,396 
Revenue share asset$— $— $1,432 $1,432 
(Dollars in thousands)Fair Value Measurements UsingTotal
Fair Value
December 31, 2025Level 1Level 2Level 3
Assets measured at fair value on a recurring basis
Securities available for sale
Mortgage-backed securities, residential$— $88,500 $— $88,500 
Asset-backed securities— 811 — 811 
State and municipal— 2,589 — 2,589 
CLO Securities— 271,074 — 271,074 
Corporate bonds— 263 — 263 
SBA pooled securities— 1,040 — 1,040 
$— $364,277 $— $364,277 
Equity securities with readily determinable fair values
Mutual fund$4,588 $— $— $4,588 
Loans held for sale$— $459 $— $459 
Revenue share asset$— $— $1,598 $1,598 
Schedule of Reconciliation of Fair Value of Revenue Share Asset A reconciliation of the opening balance to the closing balance of the fair value of the revenue share asset is as follows:
Three Months Ended September 30,Nine Months Ended September 30,
(Dollars in thousands)2026202520262025
Beginning balance$1,349 $2,344 $1,598 $2,616 
Revenue share asset recognized — — — — 
Change in fair value of revenue share asset recognized in earnings249 (321)(63)(47)
Revenue share payments received(166)(251)(362)(797)
Other adjustments— — 259 — 
Ending balance$1,432 $1,772 $1,432 $1,772 
Schedule of Fair Value of Assets Measured on Non-recurring Basis
Assets measured at fair value on a non-recurring basis are summarized in the table below. There were no liabilities measured at fair value on a non-recurring basis at September 30, 2026 and December 31, 2025.
(Dollars in thousands)Fair Value Measurements UsingTotal
Fair Value
September 30, 2026Level 1Level 2Level 3
Collateral dependent loans
Commercial real estate$— $— $49,049 $49,049 
1-4 family residential$— $— $331 $331 
Commercial— — 3,596 3,596 
Factored receivables— — 18,892 18,892 
$— $— $71,868 $71,868 
(Dollars in thousands)Fair Value Measurements UsingTotal
Fair Value
December 31, 2025Level 1Level 2Level 3
Collateral dependent loans
Commercial$— $— $5,515 $5,515 
Factored receivables— — 2,072 2,072 
$— $— $7,587 $7,587 
Schedule of Estimated Fair Value of Company's Financial Assets and Financial Liabilities
The estimated fair values of the Company’s financial instruments not measured at fair value on a recurring or non-recurring basis at September 30, 2026 and December 31, 2025 were as follows:
(Dollars in thousands)Carrying
Amount		Fair Value Measurements UsingTotal
Fair Value
September 30, 2026Level 1Level 2Level 3
Financial assets:
Cash and cash equivalents$1,032,524 $1,032,524 $— $— $1,032,524 
Securities - held to maturity554 — — 390 390 
Loans not previously presented, gross$5,612,637 $37,917 $— $5,498,316 $5,536,233 
FHLB and other restricted stock3,171  N/A  N/A  N/A N/A
Accrued interest receivable39,155 39,155 — — 39,155 
Financial liabilities:
Deposits6,467,973 — 6,464,807 — 6,464,807 
Federal Home Loan Bank advances— — — — — 
Subordinated notes70,000 — 67,827 — 67,827 
Junior subordinated debentures43,491 — 44,714 — 44,714 
Accrued interest payable4,330 4,330 — — 4,330 

(Dollars in thousands)Carrying
Amount		Fair Value Measurements UsingTotal
Fair Value
December 31, 2025Level 1Level 2Level 3
Financial assets:
Cash and cash equivalents$248,471 $248,471 $— $— $248,471 
Securities - held to maturity1,550 — — 1,878 1,878 
Loans not previously presented, gross4,983,720 31,254 — 4,903,148 4,934,402 
FHLB and other restricted stock14,253 N/AN/AN/AN/A
Accrued interest receivable46,254 46,254 — — 46,254 
Financial liabilities:
Deposits4,950,216 — 4,948,300 — 4,948,300 
Federal Home Loan Bank advances280,000 — 280,000 — 280,000 
Subordinated notes69,879 — 65,581 — 65,581 
Junior subordinated debentures42,991 — 44,021 — 44,021 
Accrued interest payable14,890 14,890 — — 14,890