BUSINESS SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 30, 2026

Schedule of Segment Reporting Information


(Dollars in thousands)									Total		Corporate
Three Months Ended September 30, 2026	Banking		Factoring		Payments		Intelligence		Segments		and Other(1)		Consolidated
Total interest income	$	66,884	$	54,051	$	9,601	$	—	$	130,536	$	34	$	130,570
Intersegment interest allocations	9,566		(11,471)		1,905		—		—		—		—
Total interest expense	25,822		6		—		—		25,828		1,616		27,444
Net interest income (expense)	50,628		42,574		11,506		—		104,708		(1,582)		103,126
Credit loss expense (benefit)	3,260		1,469		130		—		4,859		361		5,220
Net interest income after credit loss expense	47,368		41,105		11,376		—		99,849		(1,943)		97,906
Noninterest income	6,836		1,989		11,768		2,360		22,953		(407)		22,546
Noninterest expense:
Salaries and employee benefits	15,123		12,068		9,249		2,756		39,196		19,670		58,866
Depreciation	1,480		680		165		16		2,341		782		3,123
Other occupancy, furniture and equipment	2,123		511		194		14		2,842		970		3,812
FDIC insurance and other regulatory assessments	1,656		—		—		—		1,656		—		1,656
Professional fees	2,483		615		517		100		3,715		1,801		5,516
Amortization of intangible assets	253		59		812		1,284		2,408		28		2,436
Advertising and promotion	372		487		361		119		1,339		342		1,681
Communications and technology	3,623		2,896		3,800		423		10,742		3,398		14,140
Software amortization	—		1,189		2,112		87		3,388		351		3,739
Travel and entertainment	203		117		220		86		626		853		1,479
Other	2,957		522		891		48		4,418		1,097		5,515
Total noninterest expense	30,273		19,144		18,321		4,933		72,671		29,292		101,963
Net intersegment noninterest income (expense)(2)	152		517		(669)		—		—		—		—
Net income (loss) before income tax expense	$	24,083	$	24,467	$	4,154	$	(2,573)	$	50,131	$	(31,642)	$	18,489


(Dollars in thousands)									Total		Corporate
Three Months Ended September 30, 2025	Banking		Factoring		Payments		Intelligence		Segments		and Other(1)		Consolidated
Total interest income	$	64,931	$	37,157	$	6,769	$	—	$	108,857	$	83	$	108,940
Intersegment interest allocations	6,657		(9,600)		2,943		—		—		—		—
Total interest expense	19,391		6		—		—		19,397		1,710		21,107
Net interest income (expense)	52,197		27,551		9,712		—		89,460		(1,627)		87,833
Credit loss expense (benefit)	1,973		2,302		9		—		4,284		—		4,284
Net interest income after credit loss expense	50,224		25,249		9,703		—		85,176		(1,627)		83,549
Noninterest income	8,364		1,585		8,462		2,338		20,749		699		21,448
Noninterest expense:
Salaries and employee benefits	15,349		13,674		8,769		3,767		41,559		18,633		60,192
Depreciation	1,603		449		203		15		2,270		1,431		3,701
Other occupancy, furniture and equipment	2,134		525		152		17		2,828		1,333		4,161
FDIC insurance and other regulatory assessments	1,468		—		—		—		1,468		—		1,468
Professional fees	1,194		45		248		131		1,618		3,610		5,228
Amortization of intangible assets	385		193		904		1,360		2,842		114		2,956
Advertising and promotion	416		186		1,221		56		1,879		330		2,209
Communications and technology	4,541		2,251		2,713		381		9,886		2,409		12,295
Software amortization	—		952		1,550		12		2,514		354		2,868
Travel and entertainment	188		108		179		127		602		441		1,043
Other	4,393		702		1,155		70		6,320		1,273		7,593
Total noninterest expense	31,671		19,085		17,094		5,936		73,786		29,928		103,714
Net intersegment noninterest income (expense)(2)	158		463		(621)		—		—		—		—
Net income (loss) before income tax expense	$	27,075	$	8,212	$	450	$	(3,598)	$	32,139	$	(30,856)	$	1,283


(Dollars in thousands)									Total		Corporate
Nine Months Ended September 30, 2026	Banking		Factoring		Payments		Intelligence		Segments		and Other(1)		Consolidated
Total interest income	$	188,876	$	143,161	$	25,724	$	—	$	357,761	$	101	$	357,862
Intersegment interest allocations	23,702		(30,275)		6,573		—		—		—		—
Total interest expense	64,937		19		—		—		64,956		4,860		69,816
Net interest income (expense)	147,641		112,867		32,297		—		292,805		(4,759)		288,046
Credit loss expense (benefit)	892		5,242		482		—		6,616		733		7,349
Net interest income after credit loss expense	146,749		107,625		31,815		—		286,189		(5,492)		280,697
Noninterest income	18,325		5,824		31,824		7,146		63,119		549		63,668
Noninterest expense:
Salaries and employee benefits	44,781		36,361		27,794		9,422		118,358		58,763		177,121
Depreciation	4,597		1,241		497		50		6,385		2,384		8,769
Other occupancy, furniture and equipment	6,267		1,470		498		54		8,289		2,742		11,031
FDIC insurance and other regulatory assessments	3,881		—		—		—		3,881		—		3,881
Professional fees	9,163		1,328		1,051		341		11,883		5,485		17,368
Amortization of intangible assets	791		307		2,441		3,850		7,389		49		7,438
Advertising and promotion	1,043		1,131		890		237		3,301		997		4,298
Communications and technology	12,125		7,675		9,742		1,140		30,682		8,527		39,209
Software amortization	—		3,376		5,865		222		9,463		1,053		10,516
Travel and entertainment	642		503		732		347		2,224		1,983		4,207
Other	9,313		1,759		3,290		388		14,750		3,270		18,020
Total noninterest expense	92,603		55,151		52,800		16,051		216,605		85,253		301,858
Net intersegment noninterest income (expense)(2)	421		1,550		(1,971)		—		—		—		—
Net income (loss) before income tax expense	$	72,892	$	59,848	$	8,868	$	(8,905)	$	132,703	$	(90,196)	$	42,507


(Dollars in thousands)									Total		Corporate
Nine Months Ended September 30, 2025	Banking		Factoring		Payments		Intelligence		Segments		and Other(1)		Consolidated
Total interest income	$	193,275	$	108,528	$	18,362	$	—	$	320,165	$	246	$	320,411
Intersegment interest allocations	17,778		(26,535)		8,757		—		—		—		—
Total interest expense	54,427		8		—		—		54,435		5,082		59,517
Net interest income (expense)	156,626		81,985		27,119		—		265,730		(4,836)		260,894
Credit loss expense (benefit)	4,699		(54)		219		—		4,864		48		4,912
Net interest income after credit loss expense	151,927		82,039		26,900		—		260,866		(4,884)		255,982
Noninterest income	23,356		5,115		22,717		4,457		55,645		2,377		58,022
Noninterest expense:
Salaries and employee benefits	47,667		40,340		27,093		8,485		123,585		55,207		178,792
Depreciation	4,889		1,420		655		29		6,993		4,607		11,600
Other occupancy, furniture and equipment	6,132		1,570		483		38		8,223		4,620		12,843
FDIC insurance and other regulatory assessments	3,089		—		—		—		3,089		—		3,089
Professional fees	4,060		(5,375)		694		4,077		3,456		7,516		10,972
Amortization of intangible assets	1,155		579		3,873		2,422		8,029		727		8,756
Advertising and promotion	1,484		663		2,271		108		4,526		985		5,511
Communications and technology	14,813		6,963		7,637		886		30,299		6,555		36,854
Software amortization	56		2,671		4,159		14		6,900		825		7,725
Travel and entertainment	732		536		1,012		375		2,655		1,499		4,154
Other	10,628		4,213		3,174		220		18,235		6,196		24,431
Total noninterest expense	94,705		53,580		51,051		16,654		215,990		88,737		304,727
Net intersegment noninterest income (expense)(2)	450		1,311		(1,761)		—		—		—		—
Net income (loss) before income tax expense	$	81,028	$	34,885	$	(3,195)	$	(12,197)	$	100,521	$	(91,244)	$	9,277

(1) Includes revenue and expense from the Company’s holding company, which does not meet the definition of an operating segment. Also includes corporate shared service costs such as the majority of salaries and benefits expense for the Company's executive leadership team, as well as other selling, general, and administrative shared services costs including human resources, accounting, finance, risk management and a significant amount of information technology expense.

(2) Net intersegment noninterest income (expense) includes:


(Dollars in thousands)	Banking		Factoring		Payments
Three Months Ended September 30, 2026
Factoring revenue received from Payments	$	—	$	911	$	(911)
Payments revenue received from Factoring	—		(261)		261
Banking revenue received from Payments and Factoring	152		(133)		(19)
Net intersegment noninterest income (expense)	$	152	$	517	$	(669)

Three Months Ended September 30, 2025
Factoring revenue received from Payments	$	—	$	911	$	(911)
Payments revenue received from Factoring	—		(329)		329
Banking revenue received from Payments and Factoring	158		(119)		(39)
Net intersegment noninterest income (expense)	$	158	$	463	$	(621)

Nine months ended September 30, 2026
Factoring revenue received from Payments	$	—	$	2,732	$	(2,732)
Payments revenue received from Factoring	—		(814)		814
Banking revenue received from Payments and Factoring	421		(368)		(53)
Net intersegment noninterest income (expense)	$	421	$	1,550	$	(1,971)

Nine months ended September 30, 2025
Factoring revenue received from Payments	$	—	$	2,732	$	(2,732)
Payments revenue received from Factoring	—		(1,082)		1,082
Banking revenue received from Payments and Factoring	450		(339)		(111)
Net intersegment noninterest income (expense)	$	450	$	1,311	$	(1,761)


(Dollars in thousands)									Total		Corporate
September 30, 2026	Banking		Factoring		Payments		Intelligence		Segments		and Other		Eliminations		Consolidated
Total assets	$	5,039,288	$	1,921,420	$	829,395	$	111,228	$	7,901,331	$	1,134,683	$	(1,355,732)	$	7,680,282
Gross loans	$	3,446,431	$	1,835,139	$	402,935	$	—	$	5,684,505	$	—	$	—	$	5,684,505


(Dollars in thousands)									Total		Corporate
December 31, 2025	Banking		Factoring		Payments		Intelligence		Segments		and Other		Eliminations		Consolidated
Total assets	$	4,480,124	$	1,335,150	$	774,979	$	120,410	$	6,710,663	$	1,088,885	$	(1,418,960)	$	6,380,588
Gross loans	$	3,525,447	$	1,223,740	$	242,120	$	—	$	4,991,307	$	—	$	—	$	4,991,307

- Definition

Tabular disclosure of segment reporting. Includes, but is not limited to, reconciliation of reportable segment amount to corresponding consolidated total.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-34

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26A

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-15

+ Details