v3.26.3
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Interest and dividend income:        
Loans, including fees $ 52,626 $ 56,400 $ 153,874 $ 164,812
Factored receivables, including fees 63,549 43,841 168,528 126,752
Securities 3,027 5,489 11,471 16,518
FHLB and other stock 167 223 585 718
Cash deposits 11,201 2,987 23,404 11,611
Total interest income 130,570 108,940 357,862 320,411
Interest expense:        
Deposits 25,827 17,532 63,906 47,434
Subordinated notes 634 661 1,959 2,004
Junior subordinated debentures 983 1,049 2,902 3,078
Other borrowings 0 1,865 1,049 7,001
Total interest expense 27,444 21,107 69,816 59,517
Net interest income (expense) 103,126 87,833 288,046 260,894
Credit loss expense (benefit) 5,220 4,284 7,349 4,912
Net interest income after credit loss expense (benefit) 97,906 83,549 280,697 255,982
Noninterest income:        
Net gains (losses) on sale of loans 99 119 286 443
Net (gains) losses on disposal of premises and equipment 333 (3) (840) 625
Insurance commissions 1,201 1,481 3,318 4,013
Other 1,200 1,731 4,830 5,895
Total noninterest income 22,546 21,448 63,668 58,022
Noninterest expense:        
Salaries and employee benefits 58,866 60,192 177,121 178,792
Occupancy, furniture and equipment 6,935 7,862 19,800 24,443
FDIC insurance and other regulatory assessments 1,656 1,468 3,881 3,089
Professional fees 5,516 5,228 17,368 10,972
Amortization of intangible assets 2,436 2,956 7,438 8,756
Advertising and promotion 1,681 2,209 4,298 5,511
Communications and technology 14,140 12,295 39,209 36,854
Software amortization 3,739 2,868 10,516 7,725
Travel and entertainment 1,479 1,043 4,207 4,154
Other 5,515 7,593 18,020 24,431
Total noninterest expense 101,963 103,714 301,858 304,727
Net income before income tax expense 18,489 1,283 42,507 9,277
Income tax expense 5,060 (425) 11,353 3,132
Net income 13,429 1,708 31,154 6,145
Dividends on preferred stock (801) (801) (2,404) (2,404)
Net income (loss) available to common stockholders $ 12,628 $ 907 $ 28,750 $ 3,741
Earnings per common share        
Basic (in dollars per share) $ 0.53 $ 0.04 $ 1.21 $ 0.16
Diluted (in dollars per share) $ 0.52 $ 0.04 $ 1.19 $ 0.16
Service charges on deposits        
Noninterest income:        
Revenue $ 1,870 $ 1,847 $ 4,880 $ 5,185
Card income        
Noninterest income:        
Revenue 2,142 1,968 6,231 5,687
Fee income        
Noninterest income:        
Revenue $ 15,701 $ 14,305 $ 44,963 $ 36,174