v3.26.3
Segments (Tables)
 9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Schedule of Financial Information by Reportable Segment
The following schedules reported internally for performance assessment by the chief operating decision maker present financial information for each reportable segment at and for the three and nine months ended September 30, 2026 and 2025.
For the Three Months Ended September 30, 2026
(in thousands)
Commercial Bank(2)(3)
OpenSky™
Windsor Advantage™
CBHLConsolidated
Interest income$55,580 $16,517 $— $195 $72,292 
Interest expense19,128 — — 86 19,214 
Net interest income36,452 16,517 — 109 53,078 
Provision for credit losses1,316 3,587 — — 4,903 
Release of credit losses on unfunded commitments(54)— — — (54)
Net interest income after provision35,190 12,930 — 109 48,229 
Noninterest income
Service charges on deposits418 — — — 418 
Credit card fees— 4,520 — — 4,520 
Mortgage banking revenue490 — — 1,359 1,849 
Government lending revenue1,474 — — — 1,474 
Government loan servicing revenue(1)
(1,665)— 6,738 — 5,073 
Loan servicing rights (government guaranteed)523 — — — 523 
Other income877 31 5 269 1,182 
Total noninterest income2,117 4,551 6,743 1,628 15,039 
Noninterest expenses
Salaries and employee benefits
11,879 4,319 3,095 1,823 21,116 
Occupancy and equipment2,441 1,064 436 203 4,144 
Professional fees2,469 1,736 287 427 4,919 
Data processing442 7,152 62 52 7,708 
Advertising1,183 143 123 117 1,566 
Loan processing266 5 1 271 543 
Merger-related expenses1,577 — — — 1,577 
Operational and other card fraud related losses73 812 23 22 930 
Regulatory assessment expenses563 232 70 65 930 
Other operating1,332 262 563 132 2,289 
Total noninterest expenses22,225 15,725 4,660 3,112 45,722 
Net income (loss) before taxes$15,082 $1,756 $2,083 $(1,375)$17,546 
Total assets$3,607,589 $144,462 $28,508 $21,994 $3,802,553 
_______________
(1)    Gross government loan servicing revenue totaled $6.7 million, including $1.7 million of servicing fees earned from the Commercial Bank by Windsor Advantage™, for the three months ended September 30, 2026.
(2)    Commercial Bank’s return on assets of 1.66% for the three months ended September 30, 2026 is calculated by dividing net income before taxes by total assets.
(3)    Commercial Bank’s efficiency ratio of 57.6% for the three months ended September 30, 2026 is calculated by dividing noninterest expense by total revenue (net interest income plus noninterest income).
For the Three Months Ended September 30, 2025
(in thousands)
Commercial Bank(2)(3)
OpenSky™
Windsor Advantage™
CBHLConsolidated
Interest income$49,035 $15,628 $— $228 $64,891 
Interest expense12,768 — — 103 12,871 
Net interest income36,267 15,628 — 125 52,020 
Provision for credit losses1,852 2,798 — — 4,650 
Provision for credit losses on unfunded commitments217 — — — 217 
Net interest income after provision34,198 12,830 — 125 47,153 
Noninterest income
Service charges on deposits425 — — — 425 
Credit card fees— 4,509 — — 4,509 
Mortgage banking revenue315 — — 1,612 1,927 
Government lending revenue14 — — — 14 
Government loan servicing revenue(1)
(1,074)— 5,339 — 4,265 
Loan servicing rights (government guaranteed)368 — — — 368 
Other income (loss)(557)(33)— 150 (440)
Total noninterest income(509)4,476 5,339 1,762 11,068 
Noninterest expenses
Salaries and employee benefits
10,559 3,271 2,455 1,443 17,728 
Occupancy and equipment1,635 632 416 166 2,849 
Professional fees1,079 571 198 283 2,131 
Data processing350 7,154 97 53 7,654 
Advertising694 833 76 111 1,714 
Loan processing740 15 67 292 1,114 
Merger-related expenses697 — — — 697 
Operational and other card fraud related losses— 923 — — 923 
Regulatory assessment expenses788 (30)(11)(7)740 
Other operating1,493 587 614 110 2,804 
Total noninterest expenses18,035 13,956 3,912 2,451 38,354 
Net income (loss) before taxes$15,654 $3,350 $1,427 $(564)$19,867 
Total assets$3,213,222 $134,422 $21,743 $20,055 $3,389,442 
_______________
(1)    Gross government loan servicing revenue totaled $5.3 million, including $1.1 million of servicing fees earned from the Commercial Bank by Windsor Advantage™, for the three months ended September 30, 2025.
(2)    Commercial Bank’s return on assets of 1.93% for the three months ended September 30, 2025 is calculated by dividing net income before taxes by total assets.
(3)    Commercial Bank’s efficiency ratio of 50.4% for the three months ended September 30, 2025 is calculated by dividing noninterest expense by total revenue (net interest income plus noninterest income).
For the Nine Months Ended September 30, 2026
(in thousands)Commercial BankOpenSky™
Windsor Advantage™
CBHLConsolidated
Interest income$162,024 $47,573 $— $624 $210,221 
Interest expense56,494 — — 322 56,816 
Net interest income105,530 47,573 — 302 153,405 
Provision for credit losses1,221 10,281 — — 11,502 
Provision for credit losses on unfunded commitments216 — — — 216 
Net interest income after provision104,093 37,292 — 302 141,687 
Noninterest income
Service charges on deposits1,230 — — — 1,230 
Credit card fees— 13,607 — — 13,607 
Mortgage banking revenue1,184 — — 4,181 5,365 
Government lending revenue3,604 — — — 3,604 
Government loan servicing revenue(1)
(4,183)— 18,904 — 14,721 
Loan servicing rights (government guaranteed)1,312 — — — 1,312 
Other income2,202 73 5 654 2,934 
Total noninterest income5,349 13,680 18,909 4,835 42,773 
Noninterest expenses
Salaries and employee benefits
36,017 11,998 8,384 5,101 61,500 
Occupancy and equipment6,626 3,229 1,219 574 11,648 
Professional fees7,170 4,825 836 1,178 14,009 
Data processing1,439 21,242 188 157 23,026 
Advertising2,666 1,333 480 369 4,848 
Loan processing2,269 323 32 777 3,401 
Merger-related expenses1,577 — — — 1,577 
Operational and other card fraud related losses210 2,055 23 22 2,310 
Regulatory assessment expenses1,744 661 200 191 2,796 
Other operating3,749 1,616 1,726 383 7,474 
Total noninterest expenses63,467 47,282 13,088 8,752 132,589 
Net income (loss) before taxes$45,975 $3,690 $5,821 $(3,615)$51,871 
Total assets$3,607,589 $144,462 $28,508 $21,994 $3,802,553 
_______________
(1)    Gross government loan servicing revenue totaled $18.9 million, including $4.2 million of servicing fees earned from the Commercial Bank by Windsor Advantage™, for the nine months ended September 30, 2026.
(2)    Commercial Bank’s return on assets of 1.70% for the nine months ended September 30, 2026 is calculated by dividing net income before taxes by total assets.
(3)    Commercial Bank’s efficiency ratio of 57.2% for the nine months ended September 30, 2026 is calculated by dividing noninterest expense by total revenue (net interest income plus noninterest income).
For the Nine Months Ended September 30, 2025
(in thousands)Commercial BankOpenSky™
Windsor Advantage™
CBHLConsolidated
Interest income$147,128 $44,566 $— $543 $192,237 
Interest expense46,273 — — 251 46,524 
Net interest income100,855 44,566 — 292 145,713 
Provision for credit losses3,457 7,520 — — 10,977 
Provision for credit losses on unfunded commitments217 — — — 217 
Net interest income after provision97,181 37,046 — 292 134,519 
Noninterest income
Service charges on deposits945 — — — 945 
Credit card fees— 12,529 — — 12,529 
Mortgage banking revenue1,043 — — 4,469 5,512 
Government lending revenue4,222 — — — 4,222 
Government loan servicing revenue(1)
(3,164)— 14,641 — 11,477 
Loan servicing rights (government guaranteed)250 — — — 250 
Other income1,215 3 — 570 1,788 
Total noninterest income4,511 12,532 14,641 5,039 36,723 
Noninterest expense
Salaries and employee benefits
32,275 10,019 7,370 4,591 54,255 
Occupancy and equipment5,115 1,693 1,495 451 8,754 
Professional fees3,802 1,714 389 760 6,665 
Data processing1,244 20,633 283 126 22,286 
Advertising2,207 2,177 215 265 4,864 
Loan processing1,867 58 128 783 2,836 
Merger-related expenses3,361 — — — 3,361 
Operational and other card fraud related losses131 2,628 — — 2,759 
Regulatory assessment expenses2,513 — — — 2,513 
Other operating4,719 1,441 1,222 304 7,686 
Total noninterest expenses57,234 40,363 11,102 7,280 115,979 
Net income (loss) before taxes$44,458 $9,215 $3,539 $(1,949)$55,263 
Total assets$3,213,222 $134,422 $21,743 $20,055 $3,389,442 
_______________
(1)    Gross government loan servicing revenue totaled $14.6 million, including $3.2 million of servicing fees earned from the Commercial Bank by Windsor Advantage™, for the nine months ended September 30, 2025.
(2)    Commercial Bank’s return on assets of 1.85% for the nine months ended September 30, 2025 is calculated by dividing net income before taxes by total assets.
(3)    Commercial Bank’s efficiency ratio of 54.3% for the nine months ended September 30, 2025 is calculated by dividing noninterest expense by total revenue (net interest income plus noninterest income).
Schedule of Financial Information
The following table presents financial information as of September 30, 2026, December 31, 2025 and September 30, 2025.
September 30, 2026
(in thousands)Commercial BankOpenSky™
Windsor Advantage™
CBHLConsolidated
Cash and cash equivalents$247,468 $7,832 $6,732 $— $262,032 
Goodwill22,448 — 3,521 — 25,969 
Intangible assets1,379 — 12,610 — 13,989 
Other segment assets3,336,294 136,630 5,645 21,994 3,500,563 
Total assets$3,607,589 $144,462 $28,508 $21,994 $3,802,553 
December 31, 2025
(in thousands)Commercial BankOpenSky™
Windsor Advantage™
CBHLConsolidated
Cash and cash equivalents$242,149 $8,039 $5,377 $— $255,565 
Goodwill22,448 — 3,521 — 25,969 
Intangible assets1,528 — 13,243 — 14,771 
Other segment assets3,141,201 132,875 3,852 31,974 3,309,902 
Total assets$3,407,326 $140,914 $25,993 $31,974 $3,606,207 
September 30, 2025
(in thousands)Commercial BankOpenSky™
Windsor Advantage™
CBHLConsolidated
Cash and cash equivalents$176,685 $7,701 $4,475 $— $188,861 
Goodwill25,969 — — — 25,969 
Intangible assets1,579 — 13,454 — 15,033 
Other segment assets3,008,989 126,721 3,814 20,055 3,159,579 
Total assets$3,213,222 $134,422 $21,743 $20,055 $3,389,442