2024 Q3 Form 10-K Financial Statement

#000155837024013277 Filed on October 15, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2023 Q4 2023
Revenue $57.11M $192.6M
YoY Change 13.12% 52.78%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.153M $9.093M
YoY Change -13.6% 22.33%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $29.09M $93.91M
YoY Change 24.52% 335.02%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$1.250M $6.259M $11.21M
YoY Change -24.47% 73.14% -49.67%
Income Tax -$304.0K $418.0K $3.552M
% Of Pretax Income 6.68% 31.68%
Net Earnings $1.212M $8.121M $9.940M
YoY Change -133.98% 163.24% -43.97%
Net Earnings / Revenue 2.12% 5.16%
Basic Earnings Per Share $0.05
Diluted Earnings Per Share $0.05 $0.33 $0.40
COMMON SHARES
Basic Shares Outstanding 24.69M 24.68M 24.64M
Diluted Shares Outstanding 24.72M 24.64M

Balance Sheet

Concept 2024 Q3 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $77.27M $77.55M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $30.13M $31.26M $31.26M
YoY Change 21.12% 23.76% 2.17%
Goodwill $93.46M $93.50M
YoY Change 0.0% -10.61%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $29.48M $26.32M $26.32M
YoY Change 31.02% 22.97% 22.97%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $4.025B $3.876B $3.876B
YoY Change 5.53% 8.53% 8.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $11.70M $11.69M $11.69M
YoY Change 102.64% 102.64%
Deferred Revenue
YoY Change
Short-Term Debt $21.17M $23.38M $23.38M
YoY Change 457.16% 262.7% 262.7%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $32.88M $35.06M $35.06M
YoY Change 765.16% 507.98% 507.98%
LONG-TERM LIABILITIES
Long-Term Debt $95.81M $95.60M $95.60M
YoY Change 0.32% 0.3% 0.3%
Other Long-Term Liabilities $27.17M $26.50M $26.50M
YoY Change -28.69% 19.2% 19.2%
Total Long-Term Liabilities $123.0M $122.1M $122.1M
YoY Change -7.95% 3.87% 3.87%
TOTAL LIABILITIES
Total Short-Term Liabilities $32.88M $35.06M $35.06M
Total Long-Term Liabilities $123.0M $122.1M $122.1M
Total Liabilities $3.627B $3.457B $3.457B
YoY Change 5.72% 8.82% 8.82%
SHAREHOLDERS EQUITY
Retained Earnings $83.85M $84.14M
YoY Change -16.18% -21.57%
Common Stock $247.0K $247.0K
YoY Change 0.41% 0.41%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $397.3M $418.8M $418.8M
YoY Change
Total Liabilities & Shareholders Equity $4.025B $3.876B $3.876B
YoY Change 5.53% 8.53% 8.53%

Cashflow Statement

Concept 2024 Q3 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $1.212M $8.121M $9.940M
YoY Change -133.98% 163.24% -43.97%
Depreciation, Depletion And Amortization $2.153M $9.093M
YoY Change -13.6% 22.33%
Cash From Operating Activities $70.61M $28.82M
YoY Change -802.99% 119.9%
INVESTING ACTIVITIES
Capital Expenditures $1.924M $1.924M
YoY Change 528.76% 90.12%
Acquisitions
YoY Change
Other Investing Activities -$132.5M -$310.8M
YoY Change -39.2% -49.58%
Cash From Investing Activities -$134.5M -$312.8M
YoY Change -38.4% -49.35%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 47.54M 283.6M
YoY Change -77.19% 86.48%
NET CHANGE
Cash From Operating Activities 70.61M 28.82M
Cash From Investing Activities -134.5M -312.8M
Cash From Financing Activities 47.54M 283.6M
Net Change In Cash -16.31M -306.0K
YoY Change -17.97% -99.93%
FREE CASH FLOW
Cash From Operating Activities $70.61M $28.82M
Capital Expenditures $1.924M $1.924M
Free Cash Flow $68.68M $26.89M
YoY Change -763.61% 122.39%

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20393000
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
283632000
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
152113000
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
296213000
CY2023 us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
-306000
CY2022 us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
-452308000
CY2021 us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
329609000
CY2023 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
0
CY2022 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
0
CY2021 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-373000
CY2023 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
0
CY2022 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
0
CY2021 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
4746000
CY2023 us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
0
CY2022 us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
0
CY2021 us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
4373000
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-306000
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-452308000
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
333982000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
77859000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
530167000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
196185000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
77553000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
77859000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
530167000
CY2023 us-gaap Interest Paid Net
InterestPaidNet
91817000
CY2022 us-gaap Interest Paid Net
InterestPaidNet
20190000
CY2021 us-gaap Interest Paid Net
InterestPaidNet
20234000
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
5755000
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3046000
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
6151000
CY2023 frst Initial Recognition Of Operating Lease Right Of Use Asset
InitialRecognitionOfOperatingLeaseRightOfUseAsset
5311000
CY2023 frst Transfer Of Long Lived Asset To Held For Sale
TransferOfLongLivedAssetToHeldForSale
4042000
CY2022 frst Transfer Of Long Lived Asset To Held For Sale
TransferOfLongLivedAssetToHeldForSale
3667000
CY2022 us-gaap Stock Issued1
StockIssued1
640000
CY2022 frst Proceeds From Sale Of Other Investment Included In Other Assets
ProceedsFromSaleOfOtherInvestmentIncludedInOtherAssets
538000
CY2022 frst Proceeds Bank Owned Life Insurance
ProceedsBankOwnedLifeInsurance
931000
CY2021 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
186000
CY2021 frst Notes Receivable From Discontinued Operation To Loans
NotesReceivableFromDiscontinuedOperationToLoans
8500000
CY2022 frst Noncash Or Part Noncash Acquisition Tangible Assets Acquired
NoncashOrPartNoncashAcquisitionTangibleAssetsAcquired
21947000
CY2022 us-gaap Noncash Or Part Noncash Acquisition Intangible Assets Acquired1
NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1
2790000
CY2022 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
20183000
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
2446000
CY2022 us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1
4554000
CY2023 frst Number Of Branches
NumberOfBranches
24
CY2021Q4 frst Number Of Unconsolidated Affiliates Where Interest Is Held By Entity
NumberOfUnconsolidatedAffiliatesWhereInterestIsHeldByEntity
1
CY2023 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;text-align:justify;margin:0pt 0pt 12pt 0pt;">Reclassifications</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:14.4pt;margin:0pt 0pt 12pt 0pt;">In certain instances, amounts reported in prior years’ consolidated financial statements have been reclassified to conform to the current financial statement presentation. The Company reclassified its other equity investment gains during the year ended December 31, 2022 that were presented in other noninterest income in the prior year financial statements with its previously reported “gain on sale of other investment” and retitled the line “gain on other investments”.</p>
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;text-align:justify;margin:0pt 0pt 12pt 0pt;">Use of Estimates</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:14.4pt;margin:0pt;">The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from these estimates. Estimates that are particularly susceptible to change in the near term include: the determination of the allowance for credit losses, the fair value of investment securities, the credit impairment of investment securities, the mortgage banking derivatives, interest rate swap derivatives, Consumer Program derivative, the valuation of goodwill and deferred tax assets.</p>
CY2023 frst Percentage Of Frb Stock Required To Own
PercentageOfFrbStockRequiredToOwn
0.06
CY2023 frst Percentage Of Federal Home Loan Bank Stock Required To Own
PercentageOfFederalHomeLoanBankStockRequiredToOwn
0.0425
CY2023 frst Third Party Loan Originations
ThirdPartyLoanOriginations
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;text-align:justify;margin:0pt 0pt 12pt 0pt;">Third-Party Originated and Serviced Consumer Loan Portfolio</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:14.4pt;margin:0pt 0pt 12pt 0pt;">In the second half of 2021, the Company partnered with a third-party (the “Third Party Originator/Servicer” or “TPOS”) to originate and service unsecured consumer loans through their proprietary point-of-sale technology (the “Consumer Program”).  Loan options under the Consumer Program include traditional fully-amortizing loans and promotional loans with no interest, or “same-as-cash”, features if the loan is fully repaid in the promotional window.  The loans are originated at par in the Bank’s name and have a term of 5 to 12 years with a much shorter effective life due to amortization and pay downs.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:14.4pt;margin:0pt 0pt 12pt 0pt;">The Consumer Program is governed by multiple interrelated agreements including the loan agreement between the Bank and the customer and agreements with the TPOS. The structure of the Consumer Program is intended to generate loans that yield a targeted return to the Bank on a portfolio basis while also providing limited credit enhancement from the TPOS.  Key characteristics of the combined arrangement include:</p><table style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:12pt;margin-top:0pt;table-layout:fixed;text-align:justify;width:100%;border:0pt;"><tr><td style="width:32.4pt;"></td><td style="font-family:'Times New Roman','Times','serif';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">●</td><td style="padding:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">The TPOS contributes funds to a reserve account at the time of origination to be used for future charge-offs if necessary.</span></td></tr></table><table style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:12pt;margin-top:0pt;table-layout:fixed;text-align:justify;width:100%;border:0pt;"><tr><td style="width:32.4pt;"></td><td style="font-family:'Times New Roman','Times','serif';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">●</td><td style="padding:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">When a promotional loan pays off prior to the end of the promotional period, the customer owes no interest on the loan and any interest accrued during the period is waived.  In that event, the TPOS reimburses the Bank for the interest the customer otherwise would have paid if the promotional period did not exist.</span></td></tr></table><table style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:12pt;margin-top:0pt;table-layout:fixed;text-align:justify;width:100%;border:0pt;"><tr><td style="width:32.4pt;"></td><td style="font-family:'Times New Roman','Times','serif';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">●</td><td style="padding:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">Excess yield on the portfolio after realized charge-offs and above an agreed upon target rate due to the Bank is paid to the TPOS as a “Performance Fee.”</span></td></tr></table><table style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:12pt;margin-top:0pt;table-layout:fixed;text-align:justify;width:100%;border:0pt;"><tr><td style="width:32.4pt;"></td><td style="font-family:'Times New Roman','Times','serif';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">●</td><td style="padding:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">In the event charge-offs exceed the amount available as a Performance Fee, the TPOS remits a portion of current period originations to reimburse for losses and, if necessary, releases funds from the reserve account.</span></td></tr></table><table style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;text-align:justify;width:100%;border:0pt;"><tr><td style="width:32.4pt;"></td><td style="font-family:'Times New Roman','Times','serif';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">●</td><td style="padding:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">If charge-offs exceed the amounts above, they roll over to future periods to offset potential Performance Fees and subsequent reserve account fundings related to the portfolio.</span></td></tr></table><div style="margin-top:12pt;"></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:14.4pt;margin:0pt 0pt 12pt 0pt;">Agreements with multiple counterparties, such as the customer and TPOS, are generally required to be accounted for separately in accordance with U.S. GAAP relevant to each unit of account even if the agreements are highly interrelated.  As a result, the Company accounts for the Consumer Program under multiple units of account as follows:</p><table style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:12pt;margin-top:0pt;table-layout:fixed;text-align:justify;width:100%;border:0pt;"><tr><td style="width:32.4pt;"></td><td style="font-family:'Times New Roman','Times','serif';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">●</td><td style="padding:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">The loans  and related  revenue are accounted for consistent with the Company’s accounting for its other loans held for investment and are also included in the Company’s expected credit losses estimation process under CECL.</span></td></tr></table><table style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;text-align:justify;width:100%;border:0pt;"><tr><td style="width:68.4pt;"></td><td style="font-family:'Courier New';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">o</td><td style="padding:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">No interest income is recognized on promotional loans until the expiration of the promotional period.  If the customer doesn’t pay off the loan prior to that expiration, deferred interest from the beginning of the loan becomes the obligation of the customer and is billed straight-line over the remaining life of the loan.  We recognize the accumulated deferred interest at the time of expiration discounted for the time value of money with the discount amortized over the remaining life of the loan.</span></td></tr></table><div style="margin-top:12pt;"></div><table style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:12pt;margin-top:0pt;table-layout:fixed;text-align:justify;width:100%;border:0pt;"><tr><td style="width:32.4pt;"></td><td style="font-family:'Times New Roman','Times','serif';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">●</td><td style="padding:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">The agreement that governs the “performance fee” and interest reimbursement from the TPOS meets the definition of a derivative financial instrument and is accounted for in accordance with ASC 815, </span><i style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:normal;">Derivatives and Hedging.</i><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;"> The derivative is accounted for at fair value in the Company’s Consolidated Balance Sheets in other assets or other liabilities with changes in fair value each period reported in the Consolidated Statements of Income and Comprehensive Income (Loss) within noninterest income.  The primary drivers of the derivative value include estimated prepayment activity on promotional loans that would trigger reimbursement to the Company from the TPOS and estimated excess yield above projected credit losses that would lead to Performance Fee payments to the TPOS from the Company.  Additional details on the inputs and assumptions used to determine the fair value of the derivative are discussed in Note 5, Derivatives.</span></td></tr></table><table style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:12pt;margin-top:0pt;table-layout:fixed;text-align:justify;width:100%;border:0pt;"><tr><td style="width:54pt;"></td><td style="font-family:'Courier New';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">o</td><td style="padding:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">Noninterest income each period includes actual amounts received during the period for interest reimbursement and amounts paid by the TPOS under the limited credit enhancement described above.</span></td></tr></table><table style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;text-align:justify;width:100%;border:0pt;"><tr><td style="width:54pt;"></td><td style="font-family:'Courier New';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">o</td><td style="padding:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">Noninterest expense each period includes actual amounts paid during the period for performance fees and servicing fees as defined in the agreement with the TPOS.</span></td></tr></table><div style="margin-top:12pt;"></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:14.4pt;margin:0pt 0pt 12pt 0pt;">The Company has $199.3 million of loans outstanding in the Consumer Program, or 6% of our total gross loan portfolio, as of December 31, 2023. Loans in the Consumer Program are included within the Consumer Loan category disclosures in Note 4, Loans and Allowance for Credit Losses. As of December 31, 2023, 45% of the loans were in a promotional period requiring no payment of interest on their loans with 70% of these promotional loan periods ending in the second half of 2024 through the first quarter of 2025.  During the year ended December 31, 2023, $10.1 million of promotional loans paid off prior to the end of their promotional periods while $6.0 million of promotional loans reached the end of the promotional period and entered amortization.</p>
CY2023 us-gaap Valuation Allowance For Impairment Of Recognized Servicing Assets Provisions Recoveries
ValuationAllowanceForImpairmentOfRecognizedServicingAssetsProvisionsRecoveries
7000
CY2023 frst Loans To Third Parties Transferred
LoansToThirdPartiesTransferred
52200000
CY2023 frst Loan Participations Accounted For As Secured Borrowings
LoanParticipationsAccountedForAsSecuredBorrowings
23400000
CY2023 us-gaap Servicing Asset At Amortized Value Additions
ServicingAssetAtAmortizedValueAdditions
300000
CY2023Q4 us-gaap Servicing Asset At Amortized Value
ServicingAssetAtAmortizedValue
300000
CY2023 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2
CY2023 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
1800000
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
700000
CY2023Q4 us-gaap Prepayable Financial Asset Closed Portfolio Last Of Layer Amortized Cost
PrepayableFinancialAssetClosedPortfolioLastOfLayerAmortizedCost
946185000
CY2023Q4 us-gaap Hedged Asset Fair Value Hedge
HedgedAssetFairValueHedge
248906000
CY2023Q4 us-gaap Hedged Asset Fair Value Hedge Last Of Layer Cumulative Increase Decrease
HedgedAssetFairValueHedgeLastOfLayerCumulativeIncreaseDecrease
-1094000
CY2023 us-gaap Advertising Expense
AdvertisingExpense
1800000
CY2022 us-gaap Advertising Expense
AdvertisingExpense
3100000
CY2021 us-gaap Advertising Expense
AdvertisingExpense
1700000
CY2023Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2022 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
CY2023 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
CY2022 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
400000
CY2023Q4 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss
255891000
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
265000
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
27736000
CY2023Q4 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
228420000
CY2022Q4 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss
269036000
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
16000
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
32737000
CY2022Q4 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
236315000
CY2023Q4 us-gaap Debt Securities Held To Maturity Excluding Accrued Interest After Allowance For Credit Loss
DebtSecuritiesHeldToMaturityExcludingAccruedInterestAfterAllowanceForCreditLoss
11650000
CY2023Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
811000
CY2023Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
10839000
CY2022Q4 us-gaap Debt Securities Held To Maturity Excluding Accrued Interest After Allowance For Credit Loss
DebtSecuritiesHeldToMaturityExcludingAccruedInterestAfterAllowanceForCreditLoss
13520000
CY2022Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
3000
CY2022Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
1074000
CY2022Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
12449000
CY2023 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
15200000
CY2022 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
37400000
CY2021 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
160500000
CY2021 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
0
CY2022 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
0
CY2023 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
0
CY2021 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
0
CY2022 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
0
CY2023 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
0
CY2023Q4 us-gaap Held To Maturity Securities Debt Maturities Within One Year Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount
872000
CY2023Q4 us-gaap Held To Maturity Securities Debt Maturities Within One Year Fair Value
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue
870000
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
10030000
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
9361000
CY2023Q4 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount
580000
CY2023Q4 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
580000
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
36738000
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
32098000
CY2023Q4 us-gaap Held To Maturity Securities Debt Maturities After Five Through Ten Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsNetCarryingAmount
939000
CY2023Q4 us-gaap Held To Maturity Securities Debt Maturities After Five Through Ten Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
899000
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
24318000
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
21362000
CY2023Q4 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest Before Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestBeforeAllowanceForCreditLoss
255891000
CY2023Q4 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
228420000
CY2023Q4 us-gaap Debt Securities Held To Maturity Excluding Accrued Interest Before Allowance For Credit Loss
DebtSecuritiesHeldToMaturityExcludingAccruedInterestBeforeAllowanceForCreditLoss
11650000
CY2023Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
10839000
CY2023Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
134
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
5185000
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
81000
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
198695000
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
27655000
CY2023Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
203880000
CY2023Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
27736000
CY2023Q4 frst Debt Securities Held To Maturity Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesHeldToMaturityContinuousUnrealizedLossPositionLessThan12Months
1373000
CY2023Q4 frst Debt Securities Held To Maturity Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesHeldToMaturityContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
4000
CY2023Q4 frst Debt Securities Held To Maturity Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesHeldToMaturityContinuousUnrealizedLossPosition12MonthsOrLonger
8886000
CY2023Q4 frst Debt Securities Held To Maturity Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesHeldToMaturityContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
807000
CY2023Q4 frst Debt Securities Held To Maturity Unrealized Loss Position Total
DebtSecuritiesHeldToMaturityUnrealizedLossPositionTotal
10259000
CY2023Q4 frst Debt Securities Held To Maturity Unrealized Loss Position Accumulated Loss Total
DebtSecuritiesHeldToMaturityUnrealizedLossPositionAccumulatedLossTotal
811000
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
85725000
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
5628000
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
146781000
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
27109000
CY2022Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
232506000
CY2022Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
32737000
CY2022Q4 frst Debt Securities Held To Maturity Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesHeldToMaturityContinuousUnrealizedLossPositionLessThan12Months
10787000
CY2022Q4 frst Debt Securities Held To Maturity Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesHeldToMaturityContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
1052000
CY2022Q4 frst Debt Securities Held To Maturity Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesHeldToMaturityContinuousUnrealizedLossPosition12MonthsOrLonger
239000
CY2022Q4 frst Debt Securities Held To Maturity Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesHeldToMaturityContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
22000
CY2022Q4 frst Debt Securities Held To Maturity Unrealized Loss Position Total
DebtSecuritiesHeldToMaturityUnrealizedLossPositionTotal
11026000
CY2022Q4 frst Debt Securities Held To Maturity Unrealized Loss Position Accumulated Loss Total
DebtSecuritiesHeldToMaturityUnrealizedLossPositionAccumulatedLossTotal
1074000
CY2023Q4 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
57691000
CY2022Q4 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
27626000
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
3219414000
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
2946637000
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
3219414000
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
2946637000
CY2023 us-gaap Financing Receivable Nonaccrual Interest Income
FinancingReceivableNonaccrualInterestIncome
500000
CY2022 us-gaap Financing Receivable Nonaccrual Interest Income
FinancingReceivableNonaccrualInterestIncome
1200000
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Year One Originated Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearOneOriginatedCurrentFiscalYear
582826000
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Year Two Originated Fiscal Year Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearTwoOriginatedFiscalYearBeforeCurrentFiscalYear
925077000
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Year Three Originated Two Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearThreeOriginatedTwoYearsBeforeCurrentFiscalYear
502061000
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Year Four Originated Three Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearFourOriginatedThreeYearsBeforeCurrentFiscalYear
129125000
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Year Five Originated Four Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearFiveOriginatedFourYearsBeforeCurrentFiscalYear
129606000
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Originated More Than Five Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestOriginatedMoreThanFiveYearsBeforeCurrentFiscalYear
770751000
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Revolving
FinancingReceivableExcludingAccruedInterestRevolving
155215000
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Revolving Converted To Term Loan
FinancingReceivableExcludingAccruedInterestRevolvingConvertedToTermLoan
24753000
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
3219414000
CY2023 frst Gross Write Off Of Receivable Year One Originated Current Fiscal Year
GrossWriteOffOfReceivableYearOneOriginatedCurrentFiscalYear
2379000
CY2023 frst Gross Write Off Of Receivable Year Two Originated Current Fiscal Year
GrossWriteOffOfReceivableYearTwoOriginatedCurrentFiscalYear
7910000
CY2023 frst Gross Write Off Of Receivable Year Three Originated Current Fiscal Year
GrossWriteOffOfReceivableYearThreeOriginatedCurrentFiscalYear
621000
CY2023 frst Gross Write Off Of Receivable Year Four Originated Current Fiscal Year
GrossWriteOffOfReceivableYearFourOriginatedCurrentFiscalYear
20000
CY2023 frst Gross Write Off Of Receivable Year Five Originated Current Fiscal Year
GrossWriteOffOfReceivableYearFiveOriginatedCurrentFiscalYear
572000
CY2023 frst Gross Write Off Of Receivable Prior To Year Five Originated Current Fiscal Year
GrossWriteOffOfReceivablePriorToYearFiveOriginatedCurrentFiscalYear
3554000
CY2023 frst Gross Write Off Of Receivable Revolving
GrossWriteOffOfReceivableRevolving
1638000
CY2023 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff After Recovery
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoffAfterRecovery
16694000
CY2023Q4 frst Weighted Average Risk Grade Originated In Current Fiscal Year
WeightedAverageRiskGradeOriginatedInCurrentFiscalYear
3.28
CY2023Q4 frst Weighted Average Risk Grade Originated In Fiscal Year Before Latest Fiscal Year
WeightedAverageRiskGradeOriginatedInFiscalYearBeforeLatestFiscalYear
3.00
CY2023Q4 frst Weighted Average Risk Grade Originated In Two Years Before Latest Fiscal Year
WeightedAverageRiskGradeOriginatedInTwoYearsBeforeLatestFiscalYear
3.20
CY2023Q4 frst Weighted Average Risk Grade Originated In Three Years Before Latest Fiscal Year
WeightedAverageRiskGradeOriginatedInThreeYearsBeforeLatestFiscalYear
3.50
CY2023Q4 frst Weighted Average Risk Grade Originated In Four Years Before Latest Fiscal Year
WeightedAverageRiskGradeOriginatedInFourYearsBeforeLatestFiscalYear
3.40
CY2023Q4 frst Weighted Average Risk Grade Originated Five Or More Years Before Latest Fiscal Year
WeightedAverageRiskGradeOriginatedFiveOrMoreYearsBeforeLatestFiscalYear
3.52
CY2023Q4 frst Weighted Average Risk Grade Originated Revolving
WeightedAverageRiskGradeOriginatedRevolving
3.22
CY2023Q4 frst Weighted Average Risk Grade Revolving Converted To Term Loan
WeightedAverageRiskGradeRevolvingConvertedToTermLoan
3.59
CY2023Q4 frst Weighted Average Risk Grade
WeightedAverageRiskGrade
3.26
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Year One Originated Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearOneOriginatedCurrentFiscalYear
1013317000
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Year Two Originated Fiscal Year Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearTwoOriginatedFiscalYearBeforeCurrentFiscalYear
529190000
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Year Three Originated Two Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearThreeOriginatedTwoYearsBeforeCurrentFiscalYear
139928000
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Year Four Originated Three Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearFourOriginatedThreeYearsBeforeCurrentFiscalYear
150284000
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Year Five Originated Four Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearFiveOriginatedFourYearsBeforeCurrentFiscalYear
156531000
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Originated More Than Five Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestOriginatedMoreThanFiveYearsBeforeCurrentFiscalYear
742564000
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Revolving
FinancingReceivableExcludingAccruedInterestRevolving
180332000
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Revolving Converted To Term Loan
FinancingReceivableExcludingAccruedInterestRevolvingConvertedToTermLoan
34491000
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
2946637000
CY2022Q4 frst Weighted Average Risk Grade Originated In Current Fiscal Year
WeightedAverageRiskGradeOriginatedInCurrentFiscalYear
3.20
CY2022Q4 frst Weighted Average Risk Grade Originated In Fiscal Year Before Latest Fiscal Year
WeightedAverageRiskGradeOriginatedInFiscalYearBeforeLatestFiscalYear
3.19
CY2022Q4 frst Weighted Average Risk Grade Originated In Two Years Before Latest Fiscal Year
WeightedAverageRiskGradeOriginatedInTwoYearsBeforeLatestFiscalYear
3.48
CY2022Q4 frst Weighted Average Risk Grade Originated In Three Years Before Latest Fiscal Year
WeightedAverageRiskGradeOriginatedInThreeYearsBeforeLatestFiscalYear
3.54
CY2022Q4 frst Weighted Average Risk Grade Originated In Four Years Before Latest Fiscal Year
WeightedAverageRiskGradeOriginatedInFourYearsBeforeLatestFiscalYear
3.60
CY2022Q4 frst Weighted Average Risk Grade Originated Five Or More Years Before Latest Fiscal Year
WeightedAverageRiskGradeOriginatedFiveOrMoreYearsBeforeLatestFiscalYear
3.57
CY2022Q4 frst Weighted Average Risk Grade Originated Revolving
WeightedAverageRiskGradeOriginatedRevolving
3.35
CY2022Q4 frst Weighted Average Risk Grade Revolving Converted To Term Loan
WeightedAverageRiskGradeRevolvingConvertedToTermLoan
3.53
CY2022Q4 frst Weighted Average Risk Grade
WeightedAverageRiskGrade
3.36
CY2023 us-gaap Financing Receivable Revolving Converted To Term Loan During Period
FinancingReceivableRevolvingConvertedToTermLoanDuringPeriod
4052000
CY2022 us-gaap Financing Receivable Revolving Converted To Term Loan During Period
FinancingReceivableRevolvingConvertedToTermLoanDuringPeriod
19572000
CY2022Q4 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
0
CY2023Q4 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
0
CY2023Q4 us-gaap Mortgage Loans In Process Of Foreclosure Amount
MortgageLoansInProcessOfForeclosureAmount
800000
CY2022 us-gaap Mortgage Loans On Real Estate Foreclosures
MortgageLoansOnRealEstateForeclosures
100000
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
52209000
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
34544000
CY2023Q4 frst Benchmark Minimum For Cecl Peer Group Comparison Asset Size
BenchmarkMinimumForCeclPeerGroupComparisonAssetSize
2000000000.0
CY2023Q4 frst Benchmark Maximum For Cecl Peer Group Comparison Asset Size
BenchmarkMaximumForCeclPeerGroupComparisonAssetSize
10000000000.0
CY2023Q4 frst Benchmark Minimum For Cecl Peer Group Comparison National Geography
BenchmarkMinimumForCeclPeerGroupComparisonNationalGeography
5000000000.0
CY2023Q4 frst Benchmark Maximum For Cecl Peer Group Comparison National Geography
BenchmarkMaximumForCeclPeerGroupComparisonNationalGeography
20000000000.0
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
34544000
CY2023 us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
32540000
CY2023 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff
16694000
CY2023 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Recovery
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRecovery
1819000
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
52209000
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
29105000
CY2022 us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
11271000
CY2022 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff
8069000
CY2022 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Recovery
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRecovery
2237000
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
34544000
CY2023Q4 frst Financing Receivable Individually Evaluated Loan Balance For Credit Losses
FinancingReceivableIndividuallyEvaluatedLoanBalanceForCreditLosses
24373000
CY2023Q4 frst Financing Receivable Individually Evaluated For Impairment Allowance For Credit Losses
FinancingReceivableIndividuallyEvaluatedForImpairmentAllowanceForCreditLosses
8243000
CY2022Q4 frst Financing Receivable Individually Evaluated Loan Balance For Credit Losses
FinancingReceivableIndividuallyEvaluatedLoanBalanceForCreditLosses
43480000
CY2022Q4 frst Financing Receivable Individually Evaluated For Impairment Allowance For Credit Losses
FinancingReceivableIndividuallyEvaluatedForImpairmentAllowanceForCreditLosses
4307000
CY2023Q4 us-gaap Derivative Assets
DerivativeAssets
10800000
CY2022Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
500000
CY2023Q4 frst Fair Value Of Nonderivative Instruments
FairValueOfNonderivativeInstruments
91000
CY2023 us-gaap Notional Amount Of Nonderivative Instruments
NotionalAmountOfNonderivativeInstruments
4677000
CY2022Q4 frst Fair Value Of Nonderivative Instruments
FairValueOfNonderivativeInstruments
18000
CY2022 us-gaap Notional Amount Of Nonderivative Instruments
NotionalAmountOfNonderivativeInstruments
2658000
CY2023Q4 frst Notional Amounts Of Mortgage Loans Held For Sale Not Committed To Investors
NotionalAmountsOfMortgageLoansHeldForSaleNotCommittedToInvestors
46200000
CY2022Q4 frst Notional Amounts Of Mortgage Loans Held For Sale Not Committed To Investors
NotionalAmountsOfMortgageLoansHeldForSaleNotCommittedToInvestors
20000000.0
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
38145000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
43658000
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
17534000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
18401000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
20611000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
25257000
CY2023 us-gaap Depreciation And Amortization
DepreciationAndAmortization
2400000
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
2500000
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
2400000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
11700000
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
5800000
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
10600000
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
5300000
CY2023 us-gaap Lease Cost
LeaseCost
2500000
CY2022 us-gaap Lease Cost
LeaseCost
2300000
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y2M12D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y10M24D
CY2023Q4 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.039
CY2022Q4 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.029
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1907000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1958000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1925000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1911000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1839000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
4054000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
13594000
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1908000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
11686000
CY2023 us-gaap Lessee Operating Lease Lease Not Yet Commenced Existence Of Option To Extend
LesseeOperatingLeaseLeaseNotYetCommencedExistenceOfOptionToExtend
false
CY2023 us-gaap Operating Lease Expense
OperatingLeaseExpense
600000
CY2023Q4 us-gaap Goodwill
Goodwill
93500000
CY2022Q4 us-gaap Goodwill
Goodwill
104600000
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2023Q4 us-gaap Time Deposit Maturities Year One
TimeDepositMaturitiesYearOne
397515000
CY2023Q4 us-gaap Time Deposit Maturities Year Two
TimeDepositMaturitiesYearTwo
36867000
CY2023Q4 us-gaap Time Deposit Maturities Year Three
TimeDepositMaturitiesYearThree
4437000
CY2023Q4 us-gaap Time Deposit Maturities Year Four
TimeDepositMaturitiesYearFour
4797000
CY2023Q4 us-gaap Time Deposit Maturities Year Five
TimeDepositMaturitiesYearFive
2282000
CY2023Q4 us-gaap Time Deposits
TimeDeposits
445898000
CY2023Q4 us-gaap Time Deposits At Or Above Fdic Insurance Limit
TimeDepositsAtOrAboveFDICInsuranceLimit
123700000
CY2022Q4 us-gaap Time Deposits At Or Above Fdic Insurance Limit
TimeDepositsAtOrAboveFDICInsuranceLimit
125300000
CY2023Q4 us-gaap Contractual Maturities Time Deposits100000 Or More Three Months Or Less
ContractualMaturitiesTimeDeposits100000OrMoreThreeMonthsOrLess
38098000
CY2023Q4 us-gaap Contractual Maturities Time Deposits100000 Or More Three Months Through Six Months
ContractualMaturitiesTimeDeposits100000OrMoreThreeMonthsThroughSixMonths
40423000
CY2023Q4 us-gaap Contractual Maturities Time Deposits100000 Or More Six Months Through12 Months
ContractualMaturitiesTimeDeposits100000OrMoreSixMonthsThrough12Months
37719000
CY2023Q4 us-gaap Contractual Maturities Time Deposits100000 Or More After12 Months
ContractualMaturitiesTimeDeposits100000OrMoreAfter12Months
7464000
CY2023Q4 us-gaap Time Deposits100000 Or More
TimeDeposits100000OrMore
123704000
CY2023Q4 us-gaap Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
FederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase
3000000.0
CY2022Q4 us-gaap Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
FederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase
6500000
CY2023Q4 us-gaap Securities Sold Under Agreements To Repurchase Fair Value Of Collateral
SecuritiesSoldUnderAgreementsToRepurchaseFairValueOfCollateral
6800000
CY2022Q4 us-gaap Securities Sold Under Agreements To Repurchase Fair Value Of Collateral
SecuritiesSoldUnderAgreementsToRepurchaseFairValueOfCollateral
14200000
CY2023Q4 us-gaap Federal Home Loan Bank Advances Branch Of Fhlb Bank Amount Of Advances By Branch
FederalHomeLoanBankAdvancesBranchOfFHLBBankAmountOfAdvancesByBranch
30000000
CY2022Q4 us-gaap Federal Home Loan Bank Advances Branch Of Fhlb Bank Amount Of Advances By Branch
FederalHomeLoanBankAdvancesBranchOfFHLBBankAmountOfAdvancesByBranch
325000000
CY2023Q4 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
3044000
CY2022Q4 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
6445000
CY2023Q4 frst Securities Sold Under Agreements To Repurchase And Other Short Term Borrowings
SecuritiesSoldUnderAgreementsToRepurchaseAndOtherShortTermBorrowings
33044000
CY2022Q4 frst Securities Sold Under Agreements To Repurchase And Other Short Term Borrowings
SecuritiesSoldUnderAgreementsToRepurchaseAndOtherShortTermBorrowings
331445000
CY2023Q4 us-gaap Federal Home Loan Bank Advances Activity For Year Average Interest Rate At Period End
FederalHomeLoanBankAdvancesActivityForYearAverageInterestRateAtPeriodEnd
0.0557
CY2022Q4 us-gaap Federal Home Loan Bank Advances Activity For Year Average Interest Rate At Period End
FederalHomeLoanBankAdvancesActivityForYearAverageInterestRateAtPeriodEnd
0.0419
CY2023Q1 us-gaap Federal Home Loan Bank Advances General Debt Obligations Disclosures Repayment And Penalties
FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresRepaymentAndPenalties
325000000.0
CY2023Q4 us-gaap Federal Home Loan Bank Advances General Debt Obligations Disclosures Collateral Pledged1
FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresCollateralPledged1
596100000
CY2023Q4 us-gaap Federal Home Loan Bank Advances Branch Of Fhlb Bank Amount Of Advances By Branch
FederalHomeLoanBankAdvancesBranchOfFHLBBankAmountOfAdvancesByBranch
30000000.0
CY2023Q4 frst Potential Amount That Could Be Collateralized
PotentialAmountThatCouldBeCollateralized
466100000
CY2023Q4 frst Federal Reserve Program Advances Maximum Amount Available
FederalReserveProgramAdvancesMaximumAmountAvailable
596400000
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917000
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CY2023 us-gaap Income Tax Examination Description
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Primis and its subsidiaries file a consolidated U.S. federal income tax return, and Primis files Virginia and numerous other state income tax returns. Primis Bank files a North Carolina, a Maryland and an Arkansas state income tax return. These returns are subject to examination by taxing authorities for all years after 2019.
CY2023 us-gaap Current Federal Tax Expense Benefit
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CY2022 us-gaap Current Federal Tax Expense Benefit
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CY2021 us-gaap Current Federal Tax Expense Benefit
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CY2021 us-gaap Current Income Tax Expense Benefit
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CY2022 us-gaap Deferred Income Tax Expense Benefit
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CY2021 us-gaap Deferred Income Tax Expense Benefit
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CY2022 us-gaap Income Tax Expense Benefit Intraperiod Tax Allocation
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CY2021 us-gaap Income Tax Expense Benefit Intraperiod Tax Allocation
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CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2023 frst Effective Income Tax Rate Reconciliation Deferred Tax Impairment
EffectiveIncomeTaxRateReconciliationDeferredTaxImpairment
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CY2022 frst Effective Income Tax Rate Reconciliation Deferred Tax Impairment
EffectiveIncomeTaxRateReconciliationDeferredTaxImpairment
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CY2021 frst Effective Income Tax Rate Reconciliation Deferred Tax Impairment
EffectiveIncomeTaxRateReconciliationDeferredTaxImpairment
442000
CY2023 frst Income Tax Reconciliation Tax Credit Provision Other
IncomeTaxReconciliationTaxCreditProvisionOther
-1000
CY2022 frst Income Tax Reconciliation Tax Credit Provision Other
IncomeTaxReconciliationTaxCreditProvisionOther
-4000
CY2021 frst Income Tax Reconciliation Tax Credit Provision Other
IncomeTaxReconciliationTaxCreditProvisionOther
-39000
CY2023 frst Income Tax Reconciliation Deductions Income From Bank Owned Life Insurance
IncomeTaxReconciliationDeductionsIncomeFromBankOwnedLifeInsurance
424000
CY2022 frst Income Tax Reconciliation Deductions Income From Bank Owned Life Insurance
IncomeTaxReconciliationDeductionsIncomeFromBankOwnedLifeInsurance
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CY2021 frst Income Tax Reconciliation Deductions Income From Bank Owned Life Insurance
IncomeTaxReconciliationDeductionsIncomeFromBankOwnedLifeInsurance
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CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
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2342000
CY2023 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
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704000
CY2023 frst Effective Income Tax Rate Reconciliation State Taxes Amount
EffectiveIncomeTaxRateReconciliationStateTaxesAmount
503000
CY2022 frst Effective Income Tax Rate Reconciliation State Taxes Amount
EffectiveIncomeTaxRateReconciliationStateTaxesAmount
158000
CY2021 frst Effective Income Tax Rate Reconciliation State Taxes Amount
EffectiveIncomeTaxRateReconciliationStateTaxesAmount
242000
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8747000
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1300000
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DefinedContributionPlanEmployerDiscretionaryContributionAmount
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CY2023 us-gaap Deferred Compensation Arrangement With Individual Description
DeferredCompensationArrangementWithIndividualDescription
The Bank previously maintained a deferred compensation plan in the form of Supplemental Executive Retirement Plan (“SERP”) for four (4) former executives. Under the plan, the Bank pays each participant, or their beneficiary, compensation deferred plus accrued interest for a period of 15 to 17 years after their retirement or age 62 depending on the terms and conditions of each plan. A liability is accrued for the obligations under these plans.
CY2023Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
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0
CY2022Q4 us-gaap Off Balance Sheet Credit Loss Liability
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1416000
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163000
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439000
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1579000
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1600000
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FairValueOffBalanceSheetCommitmentDiscontinuedOperationsAmountLiability
3200000
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24639000
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24561000
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108000
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14148000
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IncomeLossFromContinuingOperationsPerDilutedShare
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IncomeLossFromContinuingOperationsPerBasicShare
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163000
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30883000
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24601000
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IncomeLossFromContinuingOperationsPerDilutedShare
1.26
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NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersBasic
230000
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24438000
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IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.01
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IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
163000
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NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersDiluted
230000
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WeightedAverageNumberOfDilutedSharesOutstanding
24601000
CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.01
CY2023Q4 us-gaap Tier One Leverage Capital
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312521000
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TierOneLeverageCapitalToAverageAssets
0.0837
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TierOneLeverageCapitalRequiredForCapitalAdequacy
149300000
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TierOneLeverageCapitalRequiredForCapitalAdequacyToAverageAssets
0.0400
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CommonEquityTierOneCapital
302521000
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CommonEquityTierOneCapitalRatio
0.0896
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CommonEquityTierOneCapitalRequiredForCapitalAdequacy
152011000
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CommonEquityTier1CapitalRatioRequiredForCapitalAdequacyPurposesRatio
0.000450
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312521000
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TierOneRiskBasedCapitalRequiredForCapitalAdequacy
202681000
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TierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.0600
CY2023Q4 us-gaap Capital
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453931000
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CapitalToRiskWeightedAssets
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CapitalRequiredForCapitalAdequacy
270242000
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CapitalRequiredForCapitalAdequacyToRiskWeightedAssets
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CY2022Q4 us-gaap Tier One Leverage Capital
TierOneLeverageCapital
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TierOneLeverageCapitalToAverageAssets
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TierOneLeverageCapitalRequiredForCapitalAdequacy
133154000
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TierOneLeverageCapitalRequiredForCapitalAdequacyToAverageAssets
0.0400
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CommonEquityTierOneCapital
306956000
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CommonEquityTierOneCapitalRatio
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CommonEquityTierOneCapitalRequiredForCapitalAdequacy
137135000
CY2022Q4 frst Common Equity Tier1 Capital Ratio Required For Capital Adequacy Purposes Ratio
CommonEquityTier1CapitalRatioRequiredForCapitalAdequacyPurposesRatio
0.000450
CY2022Q4 us-gaap Tier One Risk Based Capital
TierOneRiskBasedCapital
316956000
CY2022Q4 us-gaap Tier One Risk Based Capital To Risk Weighted Assets
TierOneRiskBasedCapitalToRiskWeightedAssets
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TierOneRiskBasedCapitalRequiredForCapitalAdequacy
182847000
CY2022Q4 us-gaap Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.0600
CY2022Q4 us-gaap Capital
Capital
436649000
CY2022Q4 us-gaap Capital To Risk Weighted Assets
CapitalToRiskWeightedAssets
0.1433
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CapitalRequiredForCapitalAdequacy
243796000
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CapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.0800
CY2023 frst Capital Conservation Buffer
CapitalConservationBuffer
0.0412
CY2023 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2022 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2023 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
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InterestExpense
93907000
CY2023 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
98711000
CY2023 us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
32540000
CY2023 us-gaap Noninterest Income
NoninterestIncome
45250000
CY2023 us-gaap Noninterest Expense
NoninterestExpense
122600000
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-11179000
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1067000
CY2023 us-gaap Profit Loss
ProfitLoss
-10112000
CY2023Q4 us-gaap Assets
Assets
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CY2022 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
123287000
CY2022 us-gaap Interest Expense
InterestExpense
21587000
CY2022 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
101700000
CY2022 us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
11271000
CY2022 us-gaap Noninterest Income
NoninterestIncome
18352000
CY2022 us-gaap Noninterest Expense
NoninterestExpense
91448000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
17333000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3185000
CY2022 us-gaap Profit Loss
ProfitLoss
14148000
CY2022Q4 us-gaap Assets
Assets
3566664000
CY2023Q4 us-gaap Related Party Deposit Liabilities
RelatedPartyDepositLiabilities
38300000
CY2022Q4 us-gaap Related Party Deposit Liabilities
RelatedPartyDepositLiabilities
15900000
CY2023Q4 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q4 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q4 frst Non Rule10b51 Arrangement Modified Flag
NonRule10b51ArrangementModifiedFlag
false
CY2023Q4 frst Rule10b51 Arrangement Modified Flag
Rule10b51ArrangementModifiedFlag
false
CY2023Q4 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q4 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023 dei Auditor Name
AuditorName
Forvis Mazars, LLP
CY2023 dei Auditor Firm
AuditorFirmId
686
CY2023 dei Auditor Location
AuditorLocation
Tysons, Virginia

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