TriState Capital (TSC) 10-K 1 Mar 22 2021 FY Annual report Financial data

Cover Page

Cover Page - USD ($)	12 Months Ended
	Dec. 31, 2021	Jan. 31, 2022	Jun. 30, 2021
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2021
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-35913
Entity Registrant Name	TRISTATE CAPITAL HOLDINGS, INC.
Entity Incorporation, State or Country Code	PA
Entity Tax Identification Number	20-4929029
Entity Address, Address Line One	One Oxford Centre
Entity Address, Address Line Two	301 Grant Street, Suite 2700
Entity Address, City or Town	Pittsburgh
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	15219
City Area Code	(412)
Local Phone Number	304-0304
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 498,142,483
Entity Common Stock, Shares Outstanding		33,581,303
Documents Incorporated by Reference	DOCUMENTS INCORPORATED BY REFERENCE Portions of the proxy statement to be mailed to shareholders in connection with our 2022 annual meeting of shareholders or, alternatively, in an amendment to this Annual Report on Form 10-K, are incorporated by reference into Part III of this Annual Report on Form 10-K.
Entity Central Index Key	0001380846
Amendment Flag	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Common stock
Document Information [Line Items]
Title of 12(b) Security	Common Stock, no par value
Trading Symbol	TSC
Security Exchange Name	NASDAQ
Series A preferred stock depositary share
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares, Each Representing a 1/40th Interest in a Share of 6.75% Fixed-to-Floating Rate Series A Non-Cumulative Perpetual Preferred Stock
Trading Symbol	TSCAP
Security Exchange Name	NASDAQ
Series B preferred stock depositary share
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares, Each Representing a 1/40th Interest in a Share of 6.375% Fixed-to-Floating Rate Series B Non-Cumulative Perpetual Preferred Stock
Trading Symbol	TSCBP
Security Exchange Name	NASDAQ

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2021
Audit Information [Abstract]
Auditor Name	KPMG LLP
Auditor Location	Pittsburgh, PA
Auditor Firm ID	185

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
ASSETS
Cash	$ 340	$ 341
Interest-earning deposits with other institutions	449,302	429,639
Federal funds sold	2,374	5,462
Cash and cash equivalents	452,016	435,442
Debt securities available-for-sale, at fair value	586,325	617,570
Debt securities held-to-maturity, at amortized cost, net	802,576	211,691
Equity securities, at fair value	4,975	0
Federal Home Loan Bank stock	11,802	13,284
Total investment securities	1,405,678	842,545
Loans and leases held-for-investment	10,763,324	8,237,418
Allowance for credit losses on loans and leases	(28,563)	(34,630)
Loans and leases held-for-investment, net	10,734,761	8,202,788
Accrued interest receivable	25,060	18,783
Investment management fees receivable, net	8,641	7,935
Goodwill and other intangibles, net of accumulated amortization	62,000	63,911
Office properties and equipment, net of accumulated depreciation	19,833	12,369
Operating lease right-of-use asset	35,116	21,294
Bank owned life insurance	98,928	71,787
Prepaid expenses and other assets	162,819	219,962
Total assets	13,004,852	9,896,816
Liabilities:
Deposits	11,504,389	8,489,089
Borrowings, net	470,163	400,493
Accrued interest payable on deposits and borrowings	1,841	3,057
Deferred tax liability, net	6,326	5,676
Operating lease liability	36,937	22,958
Other accrued expenses and other liabilities	148,474	218,398
Total liabilities	12,168,130	9,139,671
Shareholders’ Equity:
Common stock	334,566	331,098
Additional paid-in capital	42,655	33,824
Retained earnings	319,766	254,054
Accumulated other comprehensive income (loss), net	(3,424)	(2,697)
Treasury stock (2,402,033 and 2,299,422 shares, respectively)	(38,385)	(36,277)
Total shareholders’ equity	836,722	757,145
Total liabilities and shareholders’ equity	13,004,852	9,896,816
Series A preferred stock
Shareholders’ Equity:
Preferred stock, no par value; Shares authorized - 150,000;	38,468	38,468
Series B preferred stock
Shareholders’ Equity:
Preferred stock, no par value; Shares authorized - 150,000;	77,611	77,611
Series C preferred stock
Shareholders’ Equity:
Preferred stock, no par value; Shares authorized - 150,000;	65,465	61,064
Nonvoting Common Stock
Shareholders’ Equity:
Common stock	$ 0	$ 0

Consolidated Statements of Fi_2

Consolidated Statements of Financial Condition (Parenthetical) - shares	Dec. 31, 2021	Dec. 31, 2020
Preferred Stock, Shares Authorized (in shares)	150,000	150,000
Common Stock, Shares Authorized (in shares)	51,653,347	51,653,347
Common Stock, Shares Issued (in shares)	35,665,531	34,919,572
Common Stock, Shares Outstanding (in shares)	33,263,498	32,620,150
Treasury Stock, Shares (in shares)	2,402,033	2,299,422
Series A preferred stock
Preferred Stock, Shares Issued (in shares)	40,250	40,250
Preferred Stock, Shares Outstanding (in shares)	40,250	40,250
Series B preferred stock
Preferred Stock, Shares Issued (in shares)	80,500	80,500
Preferred Stock, Shares Outstanding (in shares)	80,500	80,500
Series C preferred stock
Preferred Stock, Shares Issued (in shares)	683	650
Preferred Stock, Shares Outstanding (in shares)	683	650
Nonvoting Common Stock
Common Stock, Shares Authorized (in shares)	6,653,347	6,653,347
Common Stock, Shares Issued (in shares)	0	0

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Interest income:
Loans and leases	$ 215,186	$ 200,839	$ 239,328
Investments	15,529	14,032	16,324
Interest-earning deposits	582	2,224	6,795
Total interest income	231,297	217,095	262,447
Interest expense:
Deposits	41,504	69,202	125,592
Borrowings	10,434	9,949	9,798
Total interest expense	51,938	79,151	135,390
Net interest income	179,359	137,944	127,057
Provision (credit) for credit losses	808	19,400	(968)
Net interest income after provision for credit losses	178,551	118,544	128,025
Non-interest income:
Net gain on the sale and call of debt securities	242	3,948	416
Bank owned life insurance income	2,142	1,742	1,736
Other income	862	419	812
Total non-interest income	58,646	57,205	52,782
Non-interest expense:
Compensation and employee benefits	84,599	71,197	69,176
Premises and equipment expense	5,837	5,875	5,458
Professional fees	10,820	6,201	6,188
FDIC insurance expense	5,080	9,680	5,292
General insurance expense	1,370	1,142	1,097
State capital shares tax	2,911	1,720	420
Travel and entertainment expense	2,634	2,423	4,620
Technology and data services	14,819	10,803	8,520
Intangible amortization expense	1,911	1,944	2,009
Marketing and advertising	3,624	2,402	2,263
Other operating expenses	12,889	9,716	7,106
Total non-interest expense	146,494	123,103	112,149
Income before tax	90,703	52,646	68,658
Income tax expense	12,643	7,412	8,465
Net income	78,060	45,234	60,193
Preferred stock dividends	12,348	7,873	5,753
Net income available to common shareholders	$ 65,712	$ 37,361	$ 54,440
Earnings Per Share [Abstract]
Basic (in usd per share)	$ 1.77	$ 1.32	$ 1.95
Diluted (in usd per share)	$ 1.71	$ 1.30	$ 1.89
Investment management fees
Non-interest income:
Total non-interest income	$ 37,454	$ 32,035	$ 36,442
Service charges on deposits
Non-interest income:
Total non-interest income	1,407	1,072	559
Swap fees
Non-interest income:
Total non-interest income	14,091	16,274	11,029
Commitment and other loan fees
Non-interest income:
Total non-interest income	$ 2,448	$ 1,715	$ 1,788

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 78,060	$ 45,234	$ 60,193
Other comprehensive income (loss):
Unrealized holding gains (losses) on debt securities, net of tax expense (benefit) of $(1,874), $1,267, and $1,696, respectively	(6,041)	3,997	5,356
Reclassification adjustment for gains included in net income on debt securities, net of tax expense of $(56), $(927), and $(76), respectively	(178)	(2,919)	(237)
Unrealized holding gains (losses) on derivatives, net of tax expense (benefit) of $928, $(2,216), and $(538) , respectively	2,826	(6,981)	(1,701)
Reclassification adjustment for losses (gains) included in net income on derivatives, net of tax benefit (expense) of $847, $658, and $(304), respectively	2,666	2,074	(955)
Other comprehensive income (loss), net of tax	(727)	(3,829)	2,463
Total comprehensive income	$ 77,333	$ 41,405	$ 62,656

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement of Comprehensive Income [Abstract]
Tax expense (benefit) on unrealized holding gains (losses) on investment securities	$ (1,874)	$ 1,267	$ 1,696
Tax benefit (expense) on investment securities losses (gains) reclassified from other comprehensive income	(56)	(927)	(76)
Tax expense (benefit) on unrealized holding gains (losses) on derivatives	928	(2,216)	(538)
Tax benefit (expense) on derivative losses (gains) reclassified from other comprehensive income	$ 847	$ 658	$ (304)

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands		Total	Cumulative Effect, Period of Adoption, Adjustment	Preferred Stock	Common Stock	Additional Paid-in-Capital	Retained Earnings	Retained EarningsCumulative Effect, Period of Adoption, Adjustment	Accumulated Other Comprehensive Income (Loss), Net	Treasury Stock
Balance, beginning of period at Dec. 31, 2018		$ 479,354		$ 38,468	$ 293,355	$ 15,364	$ 164,009		$ (1,331)	$ (30,511)
Increase (Decrease) in Stockholders' Equity
Net income		60,193					60,193
Other comprehensive income (loss)		2,463							2,463
Issuance of preferred stock, net		77,611		77,611
Preferred stock dividend		(5,753)					(5,753)
Exercise of stock options		900			1,994	(1,094)
Purchase of treasury stock		(2,312)								(2,312)
Stock-based compensation		8,825				8,825
Balance, end of period at Dec. 31, 2019		621,281	$ (1,731)	116,079	295,349	23,095	218,449	$ (1,731)	1,132	(32,823)
Increase (Decrease) in Stockholders' Equity
Net income		45,234					45,234
Other comprehensive income (loss)		(3,829)							(3,829)
Issuance of preferred stock, net	[1]	100,002		61,064	34,720	4,218
Preferred stock dividend		(7,873)					(7,873)
Exercise of stock options		506			1,029	(523)
Purchase of treasury stock		(3,589)								(3,589)
Reissuance of treasury stock		110					(25)			135
Cancellation of stock options		(2,484)				(2,484)
Stock-based compensation		9,518				9,518
Balance, end of period at Dec. 31, 2020		757,145		177,143	331,098	33,824	254,054		(2,697)	(36,277)
Increase (Decrease) in Stockholders' Equity
Net income		78,060					78,060
Other comprehensive income (loss)		(727)							(727)
Preferred stock dividend		(7,947)		4,401			(12,348)
Exercise of stock options		1,273			3,468	(2,195)
Purchase of treasury stock		(2,108)								(2,108)
Reissuance of treasury stock										135
Stock-based compensation		11,026				11,026
Balance, end of period at Dec. 31, 2021		$ 836,722		$ 181,544	$ 334,566	$ 42,655	$ 319,766		$ (3,424)	$ (38,385)
[1]	Valuation of the warrants related to the issuance of stock was recorded as a component of additional paid-in capital. For additional information on the issuance of stock, refer to Note 12, Stock Transactions , to our consolidated financial statements.

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Shareholders' Equity (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Accounting Standards Update extensible list		Accounting Standards Update 2014-09 [Member]
Preferred Stock | Series A preferred stock
Offering costs	$ 4,998	$ 2,889

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash flows from operating activities:
Net income	$ 78,060	$ 45,234	$ 60,193
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and intangible amortization expense	4,886	4,209	3,646
Amortization of deferred financing costs	215	143	84
Impairment on historic tax credit investments	5,623	1,801	0
Provision (credit) for credit losses	808	19,400	(968)
Net loss (gain) on the sale of loans and leases	(619)	50	0
Stock-based compensation expense	11,026	9,518	8,825
Net gain on the sale or call of debt securities available-for-sale	(234)	(3,846)	(312)
Net gain on the call of debt securities held-to-maturity	(8)	(102)	(104)
Net loss (gain) from equity securities	25	0	(842)
Income from debt securities trading	(112)	(352)	0
Purchase of debt securities trading	(34,341)	(40,477)	0
Proceeds from the sale of debt securities trading	34,453	40,792	0
Net amortization (accretion) of premiums and discounts on debt securities	12,929	3,960	16
Increase in investment management fees receivable, net	(706)	(375)	(261)
Decrease (increase) in accrued interest receivable	(6,277)	3,543	(1,624)
Increase (decrease) in accrued interest payable	(1,216)	(2,433)	286
Bank owned life insurance income	(2,142)	(1,742)	(1,736)
Increase (decrease) in income taxes payable	1,064	188	(156)
Decrease in prepaid income taxes	(33)	2,755	5,189
Deferred tax provision	805	506	2,640
Increase (decrease) in accounts payable and other accrued expenses	(715)	2,752	(6,361)
Cash received for reimbursement of leasehold improvements	0	2,196	0
Other, net	2,255	(512)	(322)
Net cash provided by operating activities	105,746	87,208	68,193
Cash flows from investing activities:
Purchase of debt securities available-for-sale	(652,836)	(571,837)	(59,110)
Purchase of debt securities held-to-maturity	(496,533)	(447,077)	(258,428)
Purchase of equity securities	(5,000)	0	0
Proceeds from the sale of debt securities available-for-sale	126,577	120,400	6,993
Proceeds from the sale of equity securities	0	0	13,679
Principal repayments and maturities of debt securities available-for-sale	67,846	85,282	43,704
Principal repayments and maturities of debt securities held-to-maturity	374,480	430,090	258,581
Purchase of bank owned life insurance	(25,000)	0	0
Investment in low-income housing and historic tax credits	(12,205)	(6,020)	(12,505)
Investment in small business investment companies	(1,695)	(850)	(1,283)
Net redemption of Federal Home Loan Bank stock	1,482	11,040	347
Net increase in loans and leases, net	(2,540,423)	(1,665,788)	(1,442,818)
Proceeds from the sale of loans and leased equipment	8,250	6,158	0
Proceeds from the sale of other real estate owned	351	1,527	169
Additions to office properties and equipment	(10,439)	(5,067)	(6,080)
Net cash used in investing activities	(3,165,145)	(2,042,142)	(1,456,751)
Cash flows from financing activities:
Net increase in deposit accounts	3,015,300	1,854,476	1,584,152
Net increase (decrease) in Federal Home Loan Bank advances	(50,000)	(55,000)	(10,000)
Proceeds from line of credit advances	15,200	40,000	0
Repayment of line of credit advances	(20,200)	(35,000)	(4,250)
Net proceeds from issuance of senior and subordinated notes payable	124,455	95,349	0
Net proceeds from issuance of stock	0	100,002	77,611
Repayment of subordinated debt	0	0	(35,000)
Proceeds from exercise of stock options	1,273	506	900
Cancellation of stock options	0	(2,484)	0
Payment of contingent consideration	0	0	(2,920)
Purchase of treasury stock, net of reissuance	(2,108)	(3,479)	(2,312)
Dividends paid on preferred stock	(7,947)	(7,849)	(5,753)
Net cash provided by financing activities	3,075,973	1,986,521	1,602,428
Net change in cash and cash equivalents during the period	16,574	31,587	213,870
Cash and cash equivalents at beginning of the period	435,442	403,855	189,985
Cash and cash equivalents at end of the period	452,016	435,442	403,855
Cash paid (received) during the year for:
Interest expense	52,939	81,572	135,021
Income taxes	6,872	693	(2,035)
Other non-cash activity:
Operating lease right-of-use asset	13,980	0	22,589
Loan foreclosures and repossessions	0	0	1,492
Transfer of debt securities available-for-sale to held-to-maturity	480,769	0	0
Series C dividend paid in kind	$ 4,401	$ 0	$ 0

Basis of Information and Summar

Basis of Information and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
BASIS OF INFORMATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	BASIS OF INFORMATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES NATURE OF OPERATION TriState Capital Holdings, Inc. (“we,” “us,” “our,” the “holding company,” the “parent company,” or the “Company”) is a registered bank holding company pursuant to the Bank Holding Company Act of 1956, as amended. The Company has three wholly owned subsidiaries: TriState Capital Bank, a Pennsylvania-chartered state bank (the “Bank”); Chartwell Investment Partners, LLC, a registered investment adviser (“Chartwell”); and Chartwell TSC Securities Corp., a registered broker-dealer (“CTSC Securities”). The Bank was established to serve the commercial banking needs of middle-market businesses and financial services providers and focused private banking needs of high-net-worth individuals nation-wide. The Bank has two wholly owned subsidiaries: TSC Equipment Finance LLC (“TSC Equipment Finance”), established to hold and manage loans and leases of our equipment finance business, and Meadowood Asset Management, LLC (“Meadowood”), established to hold and manage other real estate owned by the Bank and/or foreclosed properties for the Bank. Chartwell provides investment management services primarily to institutional investors, mutual funds and individual investors. CTSC Securities supports marketing efforts for the proprietary investment products provided by Chartwell, including shares of mutual funds advised and/or administered by Chartwell. The Company and the Bank are subject to regulatory examination and supervision by the Federal Deposit Insurance Corporation (“FDIC”), the Pennsylvania Department of Banking and Securities and the Board of Governors of the Federal Reserve System (“Federal Reserve”). Since the Bank’s consolidated total assets exceeded $10 billion for four consecutive quarters as of December 31, 2021, the Company and the Bank are subject to the regulatory examination and supervision of the Consumer Financial Protection Bureau (“CFPB”) with respect to certain consumer protection laws. Chartwell is a registered investment adviser regulated by the Securities and Exchange Commission (“SEC”). CTSC Securities is regulated by the SEC and the Financial Industry Regulatory Authority, Inc. (“FINRA”). The Bank conducts business through its main office located in Pittsburgh, Pennsylvania, as well as its four additional representative offices in Cleveland, Ohio; Philadelphia, Pennsylvania; Edison, New Jersey; and New York, New York. Chartwell conducts business through its office located in Berwyn, Pennsylvania, and CTSC Securities conducts business through its office located in Pittsburgh, Pennsylvania. On October 20, 2021, the Company announced that it entered into a definitive agreement under which Raymond James Financial, Inc. (“Raymond James”) will acquire the outstanding shares of stock of the Company for consideration that is a combination of cash and Raymond James stock at a fixed exchange rate, valued in aggregate at approximately $1.10 billion based on the trading value of Raymond James’ stock on the announcement date. The acquisition is subject to customary closing conditions, including regulatory approvals, and is expected to close in 2022. USE OF ESTIMATES The preparation of financial statements in conformity with generally accepted accounting principles in the United States (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of certain assets and liabilities, disclosure of contingent assets and liabilities as of the date of the financial statements, and the reported amounts of related revenues and expenses during the reporting period. Although our current estimates contemplate current conditions and how we expect them to change in the future, it is reasonably possible that actual conditions could be different than those anticipated in the estimates, which could materially affect the financial results of our operations and financial condition. Material estimates that are particularly susceptible to significant changes relate to the determination of the allowance for credit losses on loans and leases, valuation of goodwill and other intangible assets and their evaluation for impairment, fair value measurements and deferred income taxes and their related recoverability, each of which is discussed later in this section. CONSOLIDATION Our consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries, the Bank, Chartwell and CTSC Securities, after elimination of inter-company accounts and transactions. The accounts of the Bank, in turn, include its wholly owned subsidiaries, TSC Equipment Finance and Meadowood, after elimination of inter-company accounts and transactions. In the opinion of management, all adjustments (consisting of normal, recurring adjustments) and disclosures, considered necessary for the fair presentation of the accompanying consolidated financial statements, have been included. CASH AND CASH EQUIVALENTS For purposes of reporting cash flows, the Company has defined cash and cash equivalents as cash, interest-earning deposits with other institutions, federal funds sold and short-term investments that have an original maturity of 90 days or less. Under agreements with certain of its derivative counterparties, the Company is required to maintain minimum cash collateral posting thresholds with such counterparties. The cash subject to these agreements is considered restricted for these purposes. BUSINESS COMBINATIONS The Company accounts for business combinations using the acquisition method of accounting. Under this method of accounting, the acquired company’s net assets are recorded at fair value as of the date of acquisition, and the results of operations of the acquired company are combined with our results from that date forward. Acquisition costs are expensed when incurred. The difference between the purchase price, which includes an initial measurement of any contingent earn out, and the fair value of the net assets acquired (including identified intangibles) is recorded as goodwill in the consolidated statements of financial condition. A change in the initial estimate of any contingent earn out amount is recorded to non-interest expense in the consolidated statements of income. INVESTMENT SECURITIES The Company’s investments are classified as either: (1) held-to-maturity, which are debt securities that the Company intends to hold until maturity and are reported at amortized cost, net of allowance for credit losses; (2) trading, which are debt securities bought and held principally for the purpose of selling them in the near term and are reported at fair value, with unrealized gains and losses included in non-interest income; (3) available-for-sale, which are debt securities not classified as either held-to-maturity or trading securities and are reported at fair value, with unrealized gains and losses reported as a component of accumulated other comprehensive income (loss), on an after-tax basis; or (4) equity securities, which are reported at fair value, with unrealized gains and losses included in non-interest income. The cost of securities sold is determined on a specific identification basis. Amortization of premiums and accretion of discounts are recorded to interest income on investments over the estimated life of the security utilizing the level yield method. Management evaluates expected credit losses on held-to-maturity debt securities on a collective or pool basis, by investment category and credit rating. The Company measures credit losses by comparing the present value of cash flows expected to be collected to the amortized cost of the security considering historical credit loss information, adjusted for current conditions and reasonable and supportable economic forecasts. The Company’s investment securities can be classified into the following pools based on similar risk characteristics: (1) U.S. government agencies, (2) state and local municipalities, (3) domestic corporations, including trust preferred securities, and (4) non-agency securitizations. The Company’s U.S. government agency securities are issued by U.S. government entities and agencies and are either explicitly or implicitly guaranteed by the U.S. government, are highly rated by major rating agencies and have a long history of no credit losses. For the remaining pools of securities, the credit rating of the issuers, the investment’s cash flow characteristics and the underlying instruments securitizing certain bonds are the most relevant risk characteristics of the investment portfolio. The Company’s investment policy only allows for purchases of investments with investment grade credit ratings and the Company continuously monitors for changes in credit ratings. Probability of default and loss given default rates are based on historical averages for each investment pool, adjusted to reflect the impact of a single, forward-looking forecast of certain macroeconomic variables, such as unemployment rates and interest rate spreads, which management considers to be both reasonable and supportable. The forecast of these macroeconomic variables is applied over a period of three years and reverts to historical averages over a two-year reversion period. Management evaluates available-for-sale debt securities in an unrealized loss position quarterly for expected credit losses. Management first determines whether it intends to sell or if it is more likely than not that it will be required to sell the impaired securities. This determination considers current and forecasted liquidity requirements, regulatory and capital requirements, and securities portfolio management. If the Company intends to sell an available-for-sale security with a fair value below amortized cost or if it is more likely than not that it will be required to sell such a security before recovery, the security’s amortized cost is written down to fair value through current period earnings. For available-for-sale debt securities that the Company does not intend to sell or it is more likely than not that it will not be required to sell before recovery, a provision for credit losses is recorded through current period earnings for the amount of the valuation decline below amortized cost that is attributable to credit losses. Management considers the extent to which fair value is less than amortized cost, credit ratings and other factors related to the security in assessing whether credit loss exists. The Company measures credit loss by comparing the present value of cash flows expected to be collected to the amortized cost of the security. An allowance for credit losses is measured by the difference that the present value of cash flows expected to be collected is less than the amortized cost basis, limited by the amount that the fair value is less than the amortized cost. The remaining difference between the security’s fair value and amortized cost (that is, the decline in fair value not attributable to credit losses) is recognized in other comprehensive income (loss), in the consolidated statements of comprehensive income and the shareholders’ equity section of the consolidated statements of financial condition, on an after-tax basis. Changes in the allowance for credit losses are recorded as provision for credit losses. Losses are charged against the allowance when management believes the security is uncollectible or management intends to sell or is required to sell the security. The recognition of interest income on a debt security is discontinued when any principal or interest payment becomes 90 days past due, at which time the debt security is placed on non-accrual status. All accrued and unpaid interest on such debt security is then reversed. Accrued interest receivable is excluded from the estimate of expected credit losses. For additional detail regarding investment securities, see Note 2. FEDERAL HOME LOAN BANK STOCK The Bank is a member of the Federal Home Loan Bank (“FHLB”) of Pittsburgh. Member institutions are required to invest in FHLB stock. The stock is carried at cost, which approximates its liquidation value, and it is evaluated for impairment based on the ultimate recoverability of the par value. The following matters are considered by management when evaluating the FHLB stock for impairment: the ability of the FHLB to make payments required by law or regulation and the level of such payments in relation to the operating performance of the FHLB; the impact of legislative and regulatory changes on the institution and its customer base; and the Company’s intent and ability to hold its FHLB stock for the foreseeable future. Management believes the Company’s holdings in the FHLB stock were recoverable at par value as of December 31, 2021 and 2020. Cash and stock dividends are reported as interest income on investments in the consolidated statements of income. For additional detail regarding Federal Home Loan Bank stock, see Note 3. LOANS AND LEASES Loans and leases held-for-investment are stated at amortized cost. Amortized cost is the unpaid principal balance, net of deferred loan fees and costs. Loans held-for-sale are stated at the lower of cost or fair value. Interest income on loans is accrued at the contractual rate on the principal amount outstanding. Deferred loan fees and costs are amortized to interest income over the estimated life of the loan, taking into consideration scheduled payments and prepayments. The Company considers a loan to be a troubled debt restructuring (“TDR”) when there is a concession made to a financially troubled borrower without adequate consideration provided to the Company. The Company evaluates any loan reasonably expected to become a TDR, regardless of whether the loan is on accrual or non-accrual status. Once a loan is deemed to be a TDR, the Company considers whether the loan should be placed on non-accrual status. In assessing accrual status, the Company considers the likelihood that repayment and performance according to the original contractual terms will be achieved, as well as the borrower’s historical payment performance. A loan is designated and reported as a TDR until such loan is either paid off or sold unless the restructuring agreement specifies an interest rate equal to or greater than the rate that would be accepted at the time of the restructuring for a new loan with comparable risk and it is fully expected that the remaining principal and interest will be collected according to the restructured agreement. The recognition of interest income on a loan is discontinued when, in management’s opinion, it is probable the borrower is unable to meet payments as they become due or when the loan becomes 90 days past due, whichever occurs first, at which time the loan is placed on non-accrual status. All accrued and unpaid interest on such loans is then reversed. The interest ultimately collected is applied to reduce principal if there is doubt about the collectability of principal. If a borrower brings a loan current for which accrued interest has been reversed, then the recognition of interest income on the loan is resumed once the loan has been current for a period of six The Company is a party to financial instruments with off-balance sheet risk, such as commitments to extend credit, in the normal course of business to meet the financing needs of its customers. Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the lending agreement with such customer. Commitments generally have fixed expiration dates or other termination clauses (e.g., loans due on demand) and may require payment of a fee. Since some of the commitments are expected to expire without being drawn upon, the unfunded commitment amount does not necessarily represent future cash requirements. The Company evaluates each customer’s creditworthiness on a case-by-case basis using the same credit policies in making commitments and conditional obligations as it does for on-balance sheet instruments. The amount of collateral obtained, if deemed necessary by the Company upon extension of a commitment, is based on management’s credit evaluation of the borrower. For additional detail regarding loans and leases, see Note 4. OTHER REAL ESTATE OWNED Real estate owned, other than bank premises, is recorded at fair value less estimated selling costs. Fair value is determined based on an independent appraisal. Expenses related to holding the property are charged against earnings when incurred. Depreciation is not recorded on other real estate owned (“OREO”) properties. ALLOWANCE FOR CREDIT LOSSES ON LOANS AND LEASES The allowance for credit losses is a valuation account that is deducted from the amortized cost of loans and leases to present management’s best estimate of the net amount expected to be collected. Adjustments to the allowance for credit losses are established through provisions for credit losses that are recorded in the consolidated statements of income. Loans and leases are charged off against the allowance for credit losses when management believes that the principal is uncollectible. If, at a later time, amounts are recovered with respect to loans and leases previously charged off, the recovered amount is credited to allowance for credit losses. Accrued interest receivable is excluded from the estimate of expected credit losses. The allowance for credit losses represents estimates of expected credit losses for homogeneous loan pools that share similar risk characteristics such as commercial and industrial (“C&I”) loans and leases, commercial real estate (“CRE”) loans, and private banking loans which include consumer lines of credit and residential mortgages. The Company periodically reassesses each loan pool to ensure that the loans within the pool continue to share similar risk characteristics. Non-accrual loans and loans designated as TDRs, are assessed individually using a discounted cash flows method or, where a loan is collateral dependent, based upon the fair value of the collateral less estimated selling costs. The collateral on our private banking loans that are secured by cash, marketable securities and/or cash value life insurance are monitored daily and requires borrowers to continually replenish such collateral as a result of changes in its fair value. Therefore, it is expected that the fair value of the collateral value securing each loan will exceed the loan’s amortized cost and no allowance for credit losses would be required under Accounting Standard Codification (“ASC”) 326-20-35-6 “Financial Assets Secured by Collateral Maintenance Provisions.” In estimating the general allowance for credit losses for loans evaluated on a collective or pool basis, management considers past events, current conditions, and reasonable and supportable economic forecasts, including historical charge-offs and subsequent recoveries. Management also considers qualitative factors that influence our credit quality, including, but not limited to, delinquency and non-performing loan trends, changes in loan underwriting guidelines and credit policies, and the results of internal loan reviews. Finally, management considers the impact of changes in current and forecasted local and regional economic conditions in the markets that we serve. Management bases the computation of the general allowance for credit losses on two factors: the primary factor and the secondary factor. The primary factor is based on the inherent risk identified by management within each of the Company’s three loan portfolios based on the historical loss experience of each loan portfolio. Management has developed a methodology that is applied to each of the three primary loan portfolios: C&I loans and leases, CRE loans and private banking loans (other than those secured by cash, marketable securities and/or cash value life insurance). For each portfolio, management estimates expected credit losses over the life of each loan utilizing lifetime or cumulative loss rate methodology, which identifies macroeconomic factors and asset-specific characteristics that are correlated with credit loss experience, including loan age, loan type, leverage, risk rating, interest rate spread and industry. The lifetime loss rate is applied to the amortized cost of the loan. This methodology builds on default and recovery probabilities by utilizing pool-specific historical loss rates to calculate expected credit losses. These pool-specific historical loss rates may be adjusted for a forecast of certain macroeconomic variables, as further discussed below, and other factors such as differences in underwriting standards, portfolio mix, or when historical asset terms do not reflect the contractual terms of the financial assets being evaluated as of the measurement date. Each time the Company measures expected credit losses, the Company assesses the relevancy of historical loss information and considers any necessary adjustments to address any differences in asset-specific characteristics. The allowance represents management’s current estimate of expected credit losses in the loan and lease portfolio. Expected credit losses are estimated over the contractual term of the loans, which includes extension or renewal options that are not unconditionally cancellable by the Company and are adjusted for expected prepayments when appropriate. Management’s judgment takes into consideration past events, current conditions and reasonable and supportable economic forecasts including general economic conditions, diversification and seasoning of the loan portfolio, historic loss experience, identified credit problems, delinquency levels and adequacy of collateral. Although management believes it has used the best information available in making such determinations, and that the present allowance for credit losses represents management’s best estimate of current expected credit losses, future adjustments to the allowance may be necessary, and net income may be adversely affected if circumstances differ substantially from the assumptions used in determining the level of the allowance. The lifetime loss rates are estimated by analyzing a combination of internal and external data related to historical performance of each loan pool over a complete economic cycle. Loss rates are based on historical averages for each loan pool, adjusted to reflect the impact of a single, forward-looking forecast of certain macroeconomic variables such as gross domestic product, unemployment rates, corporate bond credit spreads and commercial property values, which management considers to be both reasonable and supportable. The single, forward-looking forecast of these macroeconomic variables is applied over the remaining life of the loan pools. The development of the reasonable and supportable forecast incorporates an assumption that each macroeconomic variable will revert to a long-term expectation starting in years two to four of the forecast and largely completing within the first five years of the forecast. The secondary factor is intended to capture additional risks related to events and circumstances that management believes have an impact on the performance of the loan portfolio that are not considered as part of the primary factor. Although this factor is more subjective in nature, the methodology focuses on internal and external trends in pre-specified categories, or risk factors, and applies a quantitative percentage that drives the secondary factor. Nine risk factors have been identified and each risk factor is assigned an allowance level based on management’s judgment as to the expected impact of each risk factor on each loan portfolio and is monitored on a quarterly basis. As the trend in any risk factor changes, management evaluates the need for a corresponding change to occur in the allowance associated with each respective risk factor to provide the most appropriate estimate of allowance for credit losses on loans and leases. The Company also maintains an allowance for credit losses on off-balance sheet credit exposures for unfunded loan commitments. This allowance is reflected as a component of other liabilities which represents management’s current estimate of expected losses in the unfunded loan commitments. The estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded over its estimated life based on management’s consideration of past events, current conditions and reasonable and supportable economic forecasts. Management tracks the level and trends in unused commitments and takes into consideration the same factors as those considered for purposes of the allowance for credit losses on outstanding loans. Unconditionally cancellable loans are excluded from the calculation of allowance for credit losses on off-balance sheet credit exposures. In 2020, the Company adopted CECL via cumulative effect adjustment (net of tax) by recording a net decrease to retained earnings of $1.7 million as of January 1, 2020. Results for the years ended December 31, 2021 and 2020 are presented under CECL methodology while amounts prior to January 1, 2020 continue to be reported in accordance with ASC Topic 450, Contingencies; and specific reserves based upon ASC Topic 310, Receivables. ASC Topic 450 applies to homogeneous loan pools such as commercial loans, consumer lines of credit and residential mortgages that are not individually evaluated for impairment. ASC Topic 310 is applied to commercial and consumer loans that are individually evaluated for impairment. For additional detail regarding allowance for credit losses on loans and leases, see Note 5. INVESTMENT MANAGEMENT FEES Revenue from contracts with customers is recognized when promised services are delivered to our customers in an amount we expect to receive in exchange for those services (i.e., the transaction price). Payment for the majority of our services is considered to be variable consideration, as the amount of revenue we expect to receive is subject to factors outside of our control, including market conditions. Variable consideration is only included in revenue when amounts are not subject to significant reversal, which is generally when uncertainty around the amount of revenue to be received is resolved. We record deferred revenue from contracts with customers when payment is received prior to the performance of our obligation to the customer. We earn investment management fees for performing portfolio management for retail and institutional clients. Such fees are generally calculated as a percentage of the value of client assets or, for certain pooled assets such as mutual funds, on the net asset value of assets managed. The value of these assets is impacted by market fluctuations and net inflows or outflows of assets. Fees are generally collected quarterly and are based on balances either at the beginning of the quarter or the end of the quarter, or on average balances throughout the quarter. Asset management fees are recognized on a monthly basis (i.e., over time) as the services are performed. Investment management fees receivable represent amounts due for contractual investment management services provided to the Company’s clients, primarily institutional investors, mutual funds and individual investors. Management performs credit evaluations of its customers’ financial condition when it is deemed to be necessary and does not require collateral. The Company provides an allowance for uncollectible accounts based on specifically identified receivables. The Company has not experienced any losses on receivables for asset management fees for the years ended December 31, 2021, 2020 and 2019. The Company had no allowance for credit losses on investment management fees as of December 31, 2021 and 2020. GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill represents the excess of the cost of an acquisition over the fair value of the net assets acquired. Goodwill is not amortized and is subject to at least annual assessments for impairment by applying a fair value-based test. The Company reviews goodwill annually and again at any quarter-end if a material event occurs during the quarter that may affect goodwill. If goodwill testing is required, an assessment of qualitative factors can be completed before performing a goodwill impairment test. If an assessment of qualitative factors determines it is more likely than not that the fair value of a reporting unit exceeds its carrying amount, then the goodwill impairment test is not required. Other intangible assets represent purchased assets that may lack physical substance but can be distinguished from goodwill because of contractual or other legal rights. The Company has determined that certain of its acquired mutual fund client relationships meet the criteria to be considered indefinite-lived assets because the Company expects both the renewal of these contracts and the cash flows generated by these assets to continue indefinitely. Accordingly, the Company does not amortize these intangible assets, but instead reviews these assets annually or more frequently whenever events or circumstances occur indicating that the recorded indefinite-lived assets may be impaired. Each reporting period, the Company assesses whether events or circumstances have occurred which indicate that the indefinite life criteria are no longer met. If the indefinite life criteria are no longer met, the Company assesses whether the carrying value of these assets exceeds its fair value. If the carrying value exceeds the fair value of the assets, an impairment loss is recorded in an amount equal to any such excess and the assets are reclassified to finite-lived. Other intangible assets that the Company has determined to have finite lives, such as its trade names, client lists and non-compete agreements are amortized over their estimated useful lives. These finite-lived intangible assets are amortized on a straight-line basis over their estimated useful lives, which range from four For additional detail regarding goodwill and other intangible assets, see Note 6. OFFICE PROPERTIES AND EQUIPMENT Office properties and equipment are stated at cost less accumulated depreciation. Office properties include furniture, fixtures and leasehold improvements. Equipment includes computer equipment and internal use software. Depreciation is computed utilizing the straight-line method over the estimated useful lives of the related assets, except for leasehold improvements, which are amortized over the terms of the respective leases or the estimated useful lives of the improvements, whichever is shorter. Estimated useful lives are dependent upon the nature and condition of the asset and range from three For additional detail regarding office properties and equipment, see Note 7. OPERATING LEASES The Company is a lessee in noncancellable operating leases, primarily for its office spaces and other office equipment. The Company records operating leases as a right-of-use asset and an offsetting lease liability in the consolidated statements of financial condition at the present value of the unpaid lease payments. The Company generally uses its incremental borrowing rate as the discount rate for operating leases. The right-of-use asset is initially measured at cost, which comprises the initial amount of the lease liability adjusted for lease payments made at or before the lease commencement date, plus any initial direct costs incurred less any lease incentives received. For operating leases, the right-of-use asset is subsequently measured throughout the lease term at the carrying amount of the lease liability, plus initial direct costs, plus (minus) any prepaid (accrued) lease payments, less the unamortized balance of lease incentives received. Lease expense for lease payments is recognized on a straight-line basis over the lease term. For additional detail regarding operating leases, see Note 8. BANK OWNED LIFE INSURANCE Bank owned life insurance (“BOLI”) policies on certain officers and employees are recorded at net cash surrender value on the consolidated statements of financial condition. Upon termination of a BOLI policy the Company receives the cash surrender value. BOLI benefits are payable to the Company upon the death of the insured. Changes in net cash surrender value are recognized as non-interest income in the consolidated statements of income. DEPOSITS Deposits are stated at principal outstanding. Interest on deposits is accrued and charged to interest expense d

Investment Securities

Investment Securities	12 Months Ended
	Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
INVESTMENT SECURITIES	INVESTMENT SECURITIES Debt securities available-for-sale and held-to-maturity were comprised of the following: December 31, 2021 (Dollars in thousands) Amortized Gross Unrealized Gross Unrealized Allowance for Credit Losses (1) Estimated Debt securities available-for-sale: Corporate bonds $ 145,568 $ 897 $ 273 $ — $ 146,192 Trust preferred securities 13,610 200 183 — 13,627 Non-agency residential mortgage-backed securities 281,282 — 4,164 — 277,118 Agency collateralized mortgage obligations 16,458 42 2 — 16,498 Agency mortgage-backed securities 122,044 32 1,599 — 120,477 Agency debentures 6,732 496 — — 7,228 Municipal bonds 5,189 — 4 — 5,185 Total debt securities available-for-sale $ 590,883 $ 1,667 $ 6,225 $ — $ 586,325 (1) Available-for-sale debt securities are recorded on the statement of financial condition at estimated fair value, which includes allowance for credit losses, if applicable. December 31, 2021 (Dollars in thousands) Amortized Gross Unrealized Gross Unrealized Estimated Allowance for Credit Losses (1) Debt securities held-to-maturity: U.S. treasury notes $ 39,097 $ 12 $ 443 $ 38,666 $ — Corporate bonds 25,167 827 16 25,978 71 Agency debentures 36,794 534 395 36,933 — Municipal bonds 890 1 — 891 — Non-agency residential mortgage-backed securities 184,731 1 3,088 181,644 65 Agency mortgage-backed securities 516,033 570 8,753 507,850 — Total debt securities held-to-maturity $ 802,712 $ 1,945 $ 12,695 $ 791,962 $ 136 (1) Held-to-maturity debt securities are recorded on the statement of financial condition at amortized cost, net of allowance for credit losses. During the first quarter of 2021, the Company transferred $480.8 million in fair value of previously designated available-for-sale agency mortgage-backed securities to held-to-maturity. December 31, 2020 (Dollars in thousands) Amortized Gross Unrealized Gross Unrealized Allowance for Credit Losses (1) Estimated Debt securities available-for-sale: Corporate bonds $ 157,452 $ 1,538 $ 526 $ — $ 158,464 Trust preferred securities 18,228 57 198 — 18,087 Agency collateralized mortgage obligations 22,058 36 5 — 22,089 Agency mortgage-backed securities 406,741 3,595 209 — 410,127 Agency debentures 8,013 790 — — 8,803 Total debt securities available-for-sale $ 612,492 $ 6,016 $ 938 $ — $ 617,570 (1) Available-for-sale debt securities are recorded on the statement of financial condition at estimated fair value, which includes allowance for credit losses, if applicable. December 31, 2020 (Dollars in thousands) Amortized Gross Unrealized Gross Unrealized Estimated Allowance for Credit Losses (1) Debt securities held-to-maturity: Corporate bonds $ 28,672 $ 566 $ 1 $ 29,237 $ 79 Agency debentures 48,130 1,051 — 49,181 — Municipal bonds 6,577 45 — 6,622 — Non-agency residential mortgage-backed securities 124,152 237 217 124,172 70 Agency mortgage-backed securities 4,309 778 — 5,087 — Total debt securities held-to-maturity $ 211,840 $ 2,677 $ 218 $ 214,299 $ 149 (1) Held-to-maturity debt securities are recorded on the statement of financial condition at amortized cost, net of allowance for credit losses. Interest income on investment securities was as follows: Years Ended December 31, (Dollars in thousands) 2021 2020 2019 Taxable interest income $ 14,801 $ 12,707 $ 14,558 Non-taxable interest income 115 227 381 Dividend income 613 1,098 1,385 Total interest income on investments $ 15,529 $ 14,032 $ 16,324 As of December 31, 2021, the contractual maturities of the debt securities were: December 31, 2021 Available-for-Sale Held-to-Maturity (Dollars in thousands) Amortized Estimated Amortized Estimated Due in less than one year $ 27,500 $ 27,536 $ 890 $ 891 Due from one to five years 60,144 60,675 15,167 15,556 Due from five to 10 years 62,680 62,819 94,514 94,574 Due after 10 years 440,559 435,295 692,141 680,941 Total debt securities $ 590,883 $ 586,325 $ 802,712 $ 791,962 Prepayments may shorten the contractual lives of the collateralized mortgage obligations, mortgage-backed securities and collateralized loan obligations. Proceeds from the sale and call of debt securities available-for-sale and held-to-maturity and related gross realized gains and losses were: Available-for-Sale Held-to-Maturity Years Ended December 31, Years Ended December 31, (Dollars in thousands) 2021 2020 2019 2021 2020 2019 Proceeds from sales $ 126,577 $ 120,400 $ 6,993 $ — $ — $ — Proceeds from calls 13,000 11,426 17,336 147,757 398,248 255,538 Total proceeds $ 139,577 $ 131,826 $ 24,329 $ 147,757 $ 398,248 $ 255,538 Gross realized gains $ 235 $ 3,846 $ 312 $ 27 $ 102 $ 104 Gross realized losses 1 — — 19 — — Net realized gains (losses) $ 234 $ 3,846 $ 312 $ 8 $ 102 $ 104 There were $38.7 million of debt securities held-to-maturity that were pledged as collateral for certain deposit relationships as of December 31, 2021. Changes in the allowance for credit losses on held-to-maturity securities were as follows for the years ended December 31, 2021 and 2020: Year Ended December 31, 2021 (Dollars in thousands) Corporate Non-agency Municipal Agency Debentures and U.S. Treasury Total Balance, beginning of period $ 79 $ 70 $ — $ — $ — $ 149 Provision (credit) for credit losses (8) (5) — — — (13) Charge-offs — — — — — — Recoveries — — — — — — Balance, end of period $ 71 $ 65 $ — $ — $ — $ 136 Year Ended December 31, 2020 (Dollars in thousands) Corporate Non-agency Securitizations Municipal Agency Debentures and Securitizations U.S. Treasury Notes Total Balance, beginning of period $ — $ — $ — $ — $ — $ — Impact of adopting CECL 49 — — — — 49 Provision for credit losses 30 70 — — — 100 Charge-offs — — — — — — Recoveries — — — — — — Balance, end of period 79 70 — — — 149 The following tables show the fair value and gross unrealized losses debt securities available-for-sale, by investment category and length of time that the individual securities have been in a continuous unrealized loss position as of December 31, 2021 and 2020: December 31, 2021 Less than 12 Months 12 Months or More Total (Dollars in thousands) Fair value Unrealized losses Fair value Unrealized losses Fair value Unrealized losses Debt securities available-for-sale: Corporate bonds 20,191 118 11,808 155 31,999 273 Trust preferred securities 2,046 76 2,270 107 4,316 183 Non-agency residential mortgage-backed securities 277,118 4,164 — — 277,118 4,164 Agency collateralized mortgage obligations 1,600 2 — — 1,600 2 Agency mortgage-backed securities 119,320 1,599 89 — 119,409 1,599 Municipal bonds 5,185 4 — — 5,185 4 Temporarily impaired debt securities available-for-sale (1) $ 425,460 $ 5,963 $ 14,167 $ 262 $ 439,627 $ 6,225 (1) The number of investment positions with unrealized losses totaled 39 for available-for-sale securities. December 31, 2020 Less than 12 Months 12 Months or More Total (Dollars in thousands) Fair value Unrealized losses Fair value Unrealized losses Fair value Unrealized losses Debt securities available-for-sale: Corporate bonds $ 28,796 $ 277 $ 9,751 $ 249 $ 38,547 $ 526 Trust preferred securities 13,313 198 — — 13,313 198 Agency collateralized mortgage obligations — — 9,863 5 9,863 5 Agency mortgage-backed securities 89,931 209 — — 89,931 209 Temporarily impaired debt securities available-for-sale (1) $ 132,040 $ 684 $ 19,614 $ 254 $ 151,654 $ 938 (1) The number of investment positions with unrealized losses totaled 33 for available-for-sale securities. The changes in the fair values of our agency collateralized mortgage obligations and agency mortgage-backed securities are primarily the result of interest rate fluctuations. These agency securities are either explicitly or implicitly guaranteed by the U.S. government, highly rated, and have a long history of no credit losses. To assess for credit losses on debt securities available-for-sale in unrealized loss position, management evaluates the underlying issuer’s financial performance and the related credit rating information through a review of publicly available financial statements and other publicly available information. The most recent assessment for credit losses did not identify any issues related to the ultimate repayment of principal and interest on these debt securities. In addition, the Company has the ability and intent to hold debt securities in an unrealized loss position until recovery of their amortized cost. Based on this, no allowance for credit losses has been recognized on debt securities available-for-sale in an unrealized loss position. The Company monitors the credit quality of debt securities held-to-maturity including credit ratings quarterly. The following tables present the amortized costs basis of debt securities held-to-maturity by Moody’s bond credit rating. December 31, 2021 (Dollars in thousands) Aaa Aa A Baa Ba Total Debt securities held-to-maturity: U.S. treasury notes $ 39,097 $ — $ — $ — $ — $ 39,097 Corporate Bonds — — — 25,167 — 25,167 Agency debentures 36,794 — — — — 36,794 Municipal bonds — 480 410 — — 890 Non-agency residential mortgage-backed securities 184,731 — — — — 184,731 Agency mortgage-backed securities 516,033 — — — — 516,033 Total debt securities held-to-maturity $ 776,655 $ 480 $ 410 $ 25,167 $ — $ 802,712 Accrued interest receivable of $1.6 million and $697,000 on debt securities held-to-maturity as of December 31, 2021 and 2020, respectively, was excluded from the amortized cost used in the calculation of allowance for credit losses. The Company had no debt securities held-to-maturity that were past due as of December 31, 2021. There were no outstanding debt securities classified as trading as of December 31, 2021 and December 31, 2020 . Equity securities consisted of mutual funds investing in short-duration, investment grade corporate bonds. The investments in these securities were $5.0 million and $0 as of December 31, 2021 and 2020, respectively.

Federal Home Loan Bank Stock

Federal Home Loan Bank Stock	12 Months Ended
	Dec. 31, 2021
Federal Home Loan Bank Stock [Abstract]
FEDERAL HOME LOAN BANK STOCK	FEDERAL HOME LOAN BANK STOCKThe Company is a member of the FHLB system. As a member of the FHLB of Pittsburgh, the Company must maintain a minimum investment in the capital stock of the FHLB in an amount equal to 4.00% of its outstanding advances, 0.75% of its issued letters of credits, and 0.10% of its membership asset value, as defined, with the FHLB. The FHLB has the ability to change the calculation of the required stock investment at any time. At December 31, 2021, $11.8 million of stock was required based on $250.0 million in outstanding advances, $4.0 million in issued letters of credit and the Bank’s membership asset value of approximately $1.77 billion. The Company held FHLB stock totaling $11.8 million and $13.3 million at December 31, 2021 and 2020, respectively. The Company received dividends from its holdings in FHLB capital stock of $613,000, $1.1 million and $1.3 million for the years ended December 31, 2021, 2020 and 2019, respectively.

Loans and Leases

Loans and Leases	12 Months Ended
	Dec. 31, 2021
Receivables [Abstract]
LOANS AND LEASES	LOANS AND LEASES The Company generates loans through the private banking and middle-market banking channels. The private banking channel primarily includes loans made to high-net-worth individuals, trusts and businesses that are typically secured by cash, marketable securities and/or cash value life insurance. The middle-market banking channel consists of the Company’s C&I loan and lease portfolio and CRE loan portfolio, which serve middle-market businesses and real estate developers in our primary markets. Loans and leases held-for-investment were comprised of the following: December 31, 2021 (Dollars in thousands) Private Commercial Commercial Total Loans and leases held-for-investment, before deferred fees and costs $ 6,870,961 $ 1,509,418 $ 2,369,335 $ 10,749,714 Net deferred loan costs (fees) 15,537 4,005 (5,932) 13,610 Loans and leases held-for-investment, net of deferred fees and costs 6,886,498 1,513,423 2,363,403 10,763,324 Allowance for credit losses on loans and leases (1,891) (8,453) (18,219) (28,563) Loans and leases held-for-investment, net $ 6,884,607 $ 1,504,970 $ 2,345,184 $ 10,734,761 December 31, 2020 (Dollars in thousands) Private Commercial Commercial Total Loans and leases held-for-investment, before deferred fees and costs $ 4,797,881 $ 1,269,248 $ 2,160,784 $ 8,227,913 Net deferred loan costs (fees) 9,919 4,904 (5,318) 9,505 Loans and leases held-for-investment, net of deferred fees and costs 4,807,800 1,274,152 2,155,466 8,237,418 Allowance for credit losses on loans and leases (2,047) (5,254) (27,329) (34,630) Loans and leases held-for-investment, net $ 4,805,753 $ 1,268,898 $ 2,128,137 $ 8,202,788 The Company’s customers have unused loan commitments based on the availability of eligible collateral or other terms and conditions under their loan agreements. Included in unused loan commitments are unused availability under demand loans for our private banking lines secured by cash, marketable securities and/or cash value life insurance, as well as commitments to fund loans secured by residential properties, commercial real estate, construction loans, business lines of credit and other unused commitments of loans in various stages of funding. Not all commitments will fund or fully fund as customers often only draw on a portion of their available credit. The amount of unfunded commitments, including standby letters of credit, as of December 31, 2021 and 2020, was $10.74 billion and $6.73 billion, respectively. The interest rate for each commitment is based on the prevailing market conditions at the time of funding. The total unfunded commitments above included loans in the process of origination totaling approximately $162.0 million and $39.6 million as of December 31, 2021 and 2020, respectively, which extend over varying periods of time. The Company issues standby letters of credit in the normal course of business. Standby letters of credit are conditional commitments issued to guarantee the performance of a customer to a third party. Standby letters of credit generally are contingent upon the failure of the customer to perform according to the terms of the underlying contract with the third party. The Company would be required to perform under a standby letter of credit when drawn upon by the guaranteed party in the case of non-performance by the Company’s customer. Collateral may be obtained based on management’s credit assessment of the customer. The amount of unfunded commitments related to standby letters of credit as of December 31, 2021 and 2020, included in the total unfunded commitments above, was $60.8 million and $82.0 million, respectively. Should the Company be obligated to perform under any standby letters of credit, the Company will seek repayment from the customer for amounts paid. During the years ended December 31, 2021 and 2020, there were draws on letters of credit totaling $4.2 million and $383,000, respectively, which were immediately repaid by the borrowers or converted to an outstanding loan based on the contractual terms and subsequently repaid. Most of these commitments are expected to expire without being drawn upon and the total amount does not necessarily represent future cash requirements. The allowance for credit losses on off-balance sheet credit exposures was $2.9 million and $3.4 million as of December 31, 2021 and December 31, 2020, respectively, which includes allowance for credit losses on unfunded loan commitments and standby letters of credit. As of December 31, 2021 and 2020, 88.5% and 90.3%, respectively, of the Company’s commercial loan portfolio was comprised of loans to customers within the Company’s primary market areas of Pennsylvania, Ohio, New Jersey, New York and contiguous states. As a result, the commercial loan and lease portfolio is subject to the general economic conditions within those areas. The Company evaluates each customer’s creditworthiness on an individual basis. The amount of collateral obtained by the Company upon extension of credit is based on management’s credit evaluation of the borrower. The Company does not believe it has significant concentrations of credit risk in any one group of borrowers given its underwriting and collateral requirements. The Company’s loan and lease portfolio is comprised of amortizing loans, where scheduled principal and interest payments are applied according to the terms of the loan agreement, as well as interest-only loans. As of December 31, 2021 and 2020, interest-only loans represented 79.7% and 76.1%, respectively, of the loans held-for-investment, the majority of which were lines of credit. There were $6.65 billion in loans that are due on demand with no stated maturity and $4.12 billion in loans with stated maturities which have an expected average remaining maturity of approximately four years as of December 31, 2021, compared to $4.57 billion in loans that are due on demand with no stated maturity and $3.67 billion in loans with stated maturities which have an expected average remaining maturity of approximately four years as of December 31, 2020. As of December 31, 2021 and 2020, 95.0% and 93.8%, respectively, of the Company’s portfolio was comprised of variable rate loans.

Allowance for Credit Losses on

Allowance for Credit Losses on Loans and Leases	12 Months Ended
	Dec. 31, 2021
Allowance for Credit Losses and Leases [Abstract]
Allowance for Credit Losses on Loans and Leases	ALLOWANCE FOR CREDIT LOSSES ON LOANS AND LEASES Our allowance for credit losses represents our current estimate of expected credit losses in the portfolio at a specific point in time. This estimate includes credit losses associated with loans and leases evaluated on a collective or pool basis, as well as expected credit losses of the individually evaluated loans and leases that do not share similar risk characteristics. Management evaluates the adequacy of the allowance at least quarterly, and in doing so relies on various factors including, but not limited to, assessment of historical loss experience, delinquency and non-accrual trends, portfolio growth, underlying collateral coverage and current economic conditions, and economic forecasts over a reasonable and supportable period of time. This evaluation is subjective and requires material estimates that may change over time. The calculation of the allowance for credit losses on loans and leases takes into consideration the inherent risk identified within each of the Company’s three primary loan portfolios. The lifetime loss rates are estimated by analyzing a combination of internal and external data related to historical performance of each loan pool over a complete economic cycle. Results for the years ended December 31, 2021 and 2020 are presented under CECL methodology while amounts prior to January 1, 2020 continue to be reported in accordance with previously applicable GAAP. Refer to Note 1, Summary of Significant Accounting Policies, for more details on the Company’s policy on allowance for credit losses on loans and leases. The following discusses key characteristics and risks within each primary loan portfolio: Private Banking Loans Our private banking lending business is conducted on a national basis. This loan portfolio primarily includes loans made to high-net-worth individuals, trusts and businesses that are typically secured by marketable securities, cash, and/or cash value life insurance. The Company actively monitors the value of the collateral securing these loans on a daily basis and requires borrowers to continually replenish such collateral as a result of changes in its fair value. Therefore, it is expected that the fair value of the collateral value securing each loan will exceed the loan’s amortized cost and no allowance for credit loss would be required under ASC 326-20-35-6, “Financial Assets Secured by Collateral Maintenance Provisions.” This portfolio also has some loans that are secured by residential real estate or other financial assets and unsecured loans. The primary sources of repayment for these loans are the income and/or assets of the borrower. The underlying collateral is the most important indicator of risk for this loan portfolio. The overall lower risk profile of this portfolio is driven by loans secured by cash, marketable securities and/or cash value life insurance, which were 99.0% and 98.6% of total private banking loans as of December 31, 2021 and 2020, respectively. Commercial Banking: Commercial and Industrial Loans and Leases This loan portfolio primarily includes loans and leases made to financial services and other service and/or manufacturing companies generally for the purposes of financing production, operating capacity, accounts receivable, inventory, equipment, acquisitions and/or recapitalizations. Cash flow from the borrower’s operations is the primary source of repayment for these loans and leases; however, most loans are collateralized by commercial assets. The borrower’s industry and local and regional economic conditions are important indicators of risk for this loan portfolio. Collateral for these types of loans at times does not have sufficient value in a distressed or liquidation scenario to satisfy the outstanding debt. C&I loans collateralized by marketable securities are treated the same as private banking loans for purposes of the calculation of the allowance for credit losses on loans and leases. Commercial Banking: Commercial Real Estate Loans This loan portfolio includes loans secured by commercial purpose real estate, including both owner-occupied properties and investment properties for various purposes including office, industrial, multifamily, retail, hospitality, healthcare and self-storage. The primary source of repayment for CRE loans secured by owner-occupied properties is cash flow from the borrower’s operations. Individual project cash flows, global cash flows and liquidity from the developer, or the sale of the property, are the primary sources of repayment for CRE loans secured by investment properties. Also included in this portfolio are commercial construction loans to finance the construction or renovation of structures as well as to finance the acquisition and development of raw land for various purposes. The increased level of risk for these loans is generally confined to the construction period. If problems arise, the project may not be completed and as such, may not provide sufficient cash flow on its own to service the debt or have sufficient value in a liquidation to cover the outstanding principal. The underlying purpose and collateral of the loans are important indicators of risk for this loan portfolio. Additional risks exist and are dependent on several factors such as the condition of the local and regional economies, whether or not the project is owner-occupied, the type of project, and the experience and resources of the developer. On a monthly basis, management monitors various credit quality indicators for the loan portfolio, including delinquency, non-performing status, changes in risk ratings, changes in the underlying performance of the borrowers and other relevant factors. On a daily basis, the Company monitors the collateral of loans secured by cash, marketable securities and/or cash value life insurance within the private banking portfolio which further reduces the risk profile of that portfolio. Refer to Note 1, Summary of Significant Accounting Policies, for the Company’s policy for determining past due status of loans. Loan risk ratings are assigned based upon the creditworthiness of the borrower and the quality of the collateral for loans secured by marketable securities. Loan risk ratings are reviewed on an ongoing basis according to internal policies and applicable regulatory guidance. Loans within the pass rating are believed to have a lower risk of loss than loans that are risk rated as special mention, substandard or doubtful, which are believed to have an increasing risk of loss. Management also monitors the loan portfolio through a formal periodic review process. All non-pass rated loans are reviewed monthly and higher risk-rated loans within the pass category are reviewed three times a year. The Company’s risk ratings are consistent with regulatory guidance and are as follows: Pass – A pass loan is currently performing in accordance with its contractual terms. Special Mention – A special mention loan has potential weaknesses that warrant management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects or in our credit position at some future date. Economic and market conditions beyond the customer’s control may in the future necessitate this classification. Substandard – A substandard loan is not adequately protected by the net worth and/or paying capacity of the obligor or by the collateral pledged, if any. Substandard loans have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. These loans are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. Doubtful – A doubtful loan has all the weaknesses inherent in a loan categorized as substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. The following table presents the amortized cost of loans by portfolio, risk rating and year of origination: As of December 31, 2021 (Dollars in thousands) 2021 2020 2019 2018 2017 Prior Revolving Loans (1) Total Private Banking: Pass $ 21,365 $ 57,722 $ 29,935 $ 54,082 $ 7,121 $ 50,545 $ 6,665,728 $ 6,886,498 Special mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total private banking loans 21,365 57,722 29,935 54,082 7,121 50,545 6,665,728 6,886,498 Commercial and Industrial: Pass 240,980 156,216 186,879 55,729 39,523 25,328 787,778 1,492,433 Special mention — 1,353 — — — 138 3,826 5,317 Substandard — — 1,757 — 578 41 8,984 11,360 Doubtful — 375 — 3,938 — — — 4,313 Total commercial and industrial loans 240,980 157,944 188,636 59,667 40,101 25,507 800,588 1,513,423 Commercial Real Estate: Pass 572,630 512,139 454,762 333,477 187,090 251,809 35,617 2,347,524 Special mention — — — — — 2,288 — 2,288 Substandard — 261 5,395 621 — 7,314 — 13,591 Doubtful — — — — — — — — Total commercial real estate loans 572,630 512,400 460,157 334,098 187,090 261,411 35,617 2,363,403 Loans and leases held-for-investment $ 834,975 $ 728,066 $ 678,728 $ 447,847 $ 234,312 $ 337,463 $ 7,501,933 $ 10,763,324 (1) The Company had no revolving loans which were converted to term loans included in loans and leases held-for-investment at December 31, 2021. Accrued interest receivable of $21.8 million and $16.4 million on loans and leases as of December 31, 2021 and December 31, 2020, respectively, was excluded from the amortized cost used in the allowance for credit losses. Changes in the allowance for credit losses on loans and leases were as follows for the years ended December 31, 2021, 2020 and 2019: Year Ended December 31, 2021 (Dollars in thousands) Commercial Commercial Private Total Balance, beginning of period $ 5,254 $ 27,329 $ 2,047 $ 34,630 Provision (credit) for credit losses 7,604 (6,628) (156) 820 Charge-offs (4,633) (2,482) — (7,115) Recoveries 228 — — 228 Balance, end of period $ 8,453 $ 18,219 $ 1,891 $ 28,563 Year Ended December 31, 2020 (Dollars in thousands) Commercial Commercial Private Total Balance, beginning of period $ 5,262 $ 6,873 $ 1,973 $ 14,108 Impact of adopting CECL (2,431) 3,560 (187) 942 Provision for credit losses 1,973 16,896 432 19,301 Charge-offs — — (171) (171) Recoveries 450 — — 450 Balance, end of period $ 5,254 $ 27,329 $ 2,047 $ 34,630 Year Ended December 31, 2019 (Dollars in thousands) Commercial Commercial Private Total Balance, beginning of period $ 5,764 $ 5,502 $ 1,942 $ 13,208 Provision (credit) for credit losses (2,482) 1,371 143 (968) Charge-offs — — (112) (112) Recoveries 1,980 — — 1,980 Balance, end of period $ 5,262 $ 6,873 $ 1,973 $ 14,108 The following tables present the age analysis of past due loans segregated by class of loan: December 31, 2021 (Dollars in thousands) 30-59 Days 60-89 Days 90 Days or More Past Due Total Current Total Private banking $ 678 $ — $ — $ 678 $ 6,885,820 $ 6,886,498 Commercial and industrial — — 4,313 4,313 1,509,110 1,513,423 Commercial real estate — — — — 2,363,403 2,363,403 Loans and leases held-for-investment $ 678 $ — $ 4,313 $ 4,991 $ 10,758,333 $ 10,763,324 December 31, 2020 (Dollars in thousands) 30-59 Days 60-89 Days 90 Days or More Past Due Total Current Total Private banking $ 250 $ — $ — $ 250 $ 4,807,550 $ 4,807,800 Commercial and industrial — — 458 458 1,273,694 1,274,152 Commercial real estate 2,926 — 6,296 9,222 2,146,244 2,155,466 Loans and leases held-for-investment $ 3,176 $ — $ 6,754 $ 9,930 $ 8,227,488 $ 8,237,418 Individually Evaluated Loans Management monitors the delinquency status of the Company’s loan portfolio on a monthly basis. Loans are considered non-performing when interest and principal are 90 days or more past due or management has determined that it is probable the borrower is unable to meet payments as they become due. The risk of loss is generally highest for non-performing loans. The following tables present the Company’s amortized cost of individually evaluated loans and related information on those loans as of and for the years ended December 31, 2021, 2020 and 2019: As of and for the Year Ended December 31, 2021 (Dollars in thousands) Amortized Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized With a related allowance recorded: Private banking $ — $ — $ — $ — $ — Commercial and industrial 15,673 19,989 4,646 19,553 786 Commercial real estate 1,139 1,139 37 1,139 56 Total with a related allowance recorded 16,812 21,128 4,683 20,692 842 Without a related allowance recorded: Private banking — — — — — Commercial and industrial — — — — — Commercial real estate — — — — — Total without a related allowance recorded — — — — — Total: Private banking — — — — — Commercial and industrial 15,673 19,989 4,646 19,553 786 Commercial real estate 1,139 1,139 37 1,139 56 Total $ 16,812 $ 21,128 $ 4,683 $ 20,692 $ 842 As of and for the Year Ended December 31, 2020 (Dollars in thousands) Amortized Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized With a related allowance recorded: Private banking $ — $ — $ — $ — $ — Commercial and industrial 458 457 103 458 — Commercial real estate 9,222 9,251 1,885 9,222 — Total with a related allowance recorded 9,680 9,708 1,988 9,680 — Without a related allowance recorded: Private banking — — — — — Commercial and industrial — — — — — Commercial real estate — — — — — Total without a related allowance recorded — — — — — Total: Private banking — — — — — Commercial and industrial 458 457 103 458 — Commercial real estate 9,222 9,251 1,885 9,222 — Total $ 9,680 $ 9,708 $ 1,988 $ 9,680 $ — As of and for the Year Ended December 31, 2019 (Dollars in thousands) Amortized Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized With a related allowance recorded: Private banking $ 171 $ 193 $ 171 $ 171 $ — Commercial and industrial — — — — — Commercial real estate — — — — — Total with a related allowance recorded 171 193 171 171 — Without a related allowance recorded: Private banking 13 13 — 13 — Commercial and industrial — — — — — Commercial real estate — — — — — Total without a related allowance recorded 13 13 — 13 — Total: Private banking 184 206 171 184 — Commercial and industrial — — — — — Commercial real estate — — — — — Total $ 184 $ 206 $ 171 $ 184 $ — Individually evaluated loans were $16.8 million and $9.7 million as of December 31, 2021 and 2020, respectively. There was no interest income recognized on individually evaluated loans that were also on non-accrual status for the years ended December 31, 2021, 2020 and 2019. As of December 31, 2021 and 2020, there were no loans 90 days or more past due and still accruing interest income. The Company estimates allowance for credit losses individually for loans that do not share similar risk characteristics, including non-accrual loans and loans designated as a TDR, using a discounted cash flow method or based on the fair value of the collateral less estimated selling costs. Based on those evaluations there were specific reserves totaling $4.7 million and $2.0 million as of December 31, 2021 and 2020, respectively. Refer to Note 1, Summary of Significant Accounting Policies, for the Company’s policy on evaluating loans for expected credit losses and interest income. The following tables present the allowance for credit losses on loans and leases and amortized cost of individually evaluated loans: December 31, 2021 (Dollars in thousands) Private Commercial Commercial Total Allowance for credit losses on loans and leases: Individually evaluated for impairment $ — $ 4,646 $ 37 $ 4,683 Collectively evaluated for impairment 1,891 3,807 18,182 23,880 Total allowance for credit losses on loans and leases $ 1,891 $ 8,453 $ 18,219 $ 28,563 Loans and leases held-for-investment: Individually evaluated for impairment $ — $ 15,673 $ 1,139 $ 16,812 Collectively evaluated for impairment 6,886,498 1,497,750 2,362,264 10,746,512 Loans and leases held-for-investment $ 6,886,498 $ 1,513,423 $ 2,363,403 $ 10,763,324 December 31, 2020 (Dollars in thousands) Private Commercial Commercial Total Allowance for credit losses on loans and leases: Individually evaluated for impairment $ — $ 103 $ 1,885 $ 1,988 Collectively evaluated for impairment 2,047 5,151 25,444 32,642 Total allowance for credit losses on loans and leases $ 2,047 $ 5,254 $ 27,329 $ 34,630 Loans and leases held-for-investment: Individually evaluated for impairment $ — $ 458 $ 9,222 $ 9,680 Collectively evaluated for impairment 4,807,800 1,273,694 2,146,244 8,227,738 Loans and leases held-for-investment $ 4,807,800 $ 1,274,152 $ 2,155,466 $ 8,237,418 Troubled Debt Restructuring The aggregate recorded investment in individually evaluated loans with terms modified through a TDR on non-accrual was $0 and $2.9 million as of December 31, 2021 and 2020, respectively. The aggregate recorded investment in individually evaluated loans with terms modified through a TDR also accruing interest was $12.5 million and $0 as of December 31, 2021 and 2020, respectively. There were no unused commitments on loans designated as TDR as of December 31, 2021 and 2020. The modifications made to restructured loans typically consist of an extension of the payment terms or the deferral of principal payments. There were no loans modified as TDRs within 12 months of the corresponding balance sheet date with payment defaults during the years ended December 31, 2021, 2020 or 2019. The financial effects of our modifications made to loans newly designated as TDRs during the year ended December 31, 2021 and 2020, were as follows: Year Ended December 31, 2021 (Dollars in thousands) Count Recorded Investment at the time of Modification Current Recorded Investment Allowance for Credit Losses at the time of Modification Current Allowance for Credit Losses Commercial & Industrial: Extended term, deferred principal and increased advance rates 1 $ 11,360 $ 11,360 $ 334 $ 334 Commercial Real Estate: Extended term, deferred principal and increased advance rates 1 $ 1,139 $ 1,139 $ 37 $ 37 Total 2 $ 12,499 $ 12,499 $ 371 $ 371 Year Ended December 31, 2020 (Dollars in thousands) Count Recorded Investment at the time of Modification Current Recorded Investment Allowance for Loan Losses at the time of Modification Current Allowance for Loan Losses Commercial Real Estate: Extended term, forgave principal and change in interest terms 1 $ 2,926 $ 2,926 $ 468 $ 468 Total 1 $ 2,926 $ 2,926 $ 468 $ 468 Other Real Estate Owned As of December 31, 2021 and 2020, the balance of OREO was $2.0 million and $2.7 million, respectively. During the year ended December 31, 2021, a property was sold from OREO for $351,000 with a net loss of $39,000. During the year ended December 31, 2020, a property was sold from OREO for $1.5 million with a net gain of $65,000. There were no residential mortgage loans that were in the process of foreclosure as of December 31, 2021 and 2020.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	12 Months Ended
	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND OTHER INTANGIBLE ASSETS	GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill represents the excess of the purchase price over the fair value of net assets acquired. The following table presents the change in goodwill for the years ended December 31, 2021 and 2020: (Dollars in thousands) 2021 2020 Balance, beginning of period $ 41,660 $ 41,660 Additions — — Balance, end of period $ 41,660 $ 41,660 The Company determined the amount of identifiable intangible assets based upon an independent valuation. The following table presents the change in intangible assets for the years ended December 31, 2021 and 2020: (Dollars in thousands) 2021 2020 Balance, beginning of period $ 22,251 $ 24,194 Additions — — Amortization (1,911) (1,943) Balance, end of period $ 20,340 $ 22,251 The following table presents the gross amount of intangible assets and total accumulated amortization by class: December 31, 2021 December 31, 2020 (Dollars in thousands) Gross Amount Accumulated Amortization Net Carrying Amount Gross Amount Accumulated Amortization Net Carrying Amount Trade name $ 4,040 $ (1,112) $ 2,928 $ 4,040 $ (939) $ 3,101 Client Relationships: Sub-advisory client list 11,645 (6,708) 4,937 11,645 (5,838) 5,807 Separate managed accounts client list 3,175 (1,716) 1,459 3,175 (1,404) 1,771 Other institutional client list 5,950 (4,237) 1,713 5,950 (3,696) 2,254 Non-compete agreements 522 (519) 3 522 (504) 18 Total finite-lived intangibles 25,332 (14,292) 11,040 25,332 (12,381) 12,951 Client Relationships: Mutual fund client relationships 9,300 — 9,300 9,300 — 9,300 Total intangible assets $ 34,632 $ (14,292) $ 20,340 $ 34,632 $ (12,381) $ 22,251 Intangible amortization expense on finite-lived intangible assets totaled $1.9 million, $1.9 million and $2.0 million for the years ended December 31, 2021, 2020 and 2019, respectively. The following is a summary of the expected intangible amortization expense for finite-lived intangibles assets, assuming no new additions, for each of the five years following December 31, 2021: (Dollars in thousands) Amount 2022 $ 1,900 2023 1,897 2024 1,806 2025 1,336 2026 1,246 Thereafter 2,855 Total finite-lived intangibles $ 11,040

Office Properties and Equipment

Office Properties and Equipment	12 Months Ended
	Dec. 31, 2021
Office Properties and Equipment [Abstract]
OFFICE PROPERTIES AND EQUIPMENT	OFFICE PROPERTIES AND EQUIPMENT The following is a summary of office properties and equipment by major classification as of December 31, 2021 and 2020: December 31, (Dollars in thousands) 2021 2020 Furniture, fixtures and equipment $ 26,695 $ 20,244 Leasehold improvements 12,355 8,366 Total, at cost 39,050 28,610 Accumulated depreciation (19,217) (16,241) Net office properties and equipment $ 19,833 $ 12,369 Depreciation expense was $3.0 million, $2.3 million and $1.6 million for the years ended December 31, 2021, 2020 and 2019, respectively.

Operating Leases

Operating Leases	12 Months Ended
	Dec. 31, 2021
Leases [Abstract]
OPERATING LEASES	OPERATING LEASES The Company has noncancellable operating leases primarily for its six office spaces and other office equipment that expire between 2022 and 2036. These leases generally contain renewal options for periods ranging from one The Company rents office space in its six office locations which are accounted for as operating leases. The remaining lease terms have expirations from 2022 to 2036 and provide for one or more renewal options. These leases provide for annual rent escalations and payment of certain operating expenses applicable to the leased space. The Company records rent expense on a straight-line basis over the term of the lease. Operating lease cost was $3.2 million, $3.1 million and $2.8 million for the years ended December 31, 2021, 2020 and 2019, respectively. The net deferred rent liability was $1.8 million and $1.7 million as of December 31, 2021 and 2020, respectively. As of December 31, 2021, the weighted average remaining lease term was 13 years and the weighted average discount rate as 3.80%. Maturities of lease liabilities under noncancellable leases as of December 31, 2021, are as follows: (Dollars in thousands) Amount December 31, 2022 $ 3,112 2023 3,678 2024 3,612 2025 3,756 2026 3,672 Thereafter 29,452 Total undiscounted lease payments $ 47,282 Imputed interest 10,345 Operating lease liability $ 36,937

Deposits

Deposits	12 Months Ended
	Dec. 31, 2021
Deposits [Abstract]
DEPOSITS	DEPOSITS As of December 31, 2021 and 2020, deposits were comprised of the following: Interest Rate Range Weighted Average Balance (Dollars in thousands) December 31, December 31, December 31, December 31, December 31, Demand and savings accounts: Noninterest-bearing checking accounts — — — $ 776,256 $ 456,426 Interest-bearing checking accounts 0.05% to 1.70% 0.35% 0.38% 4,318,523 3,068,834 Money market deposit accounts 0.10% to 3.25% 0.40% 0.56% 5,632,093 3,927,797 Total demand and savings accounts 10,726,872 7,453,057 Certificates of deposit 0.04% to 3.15% 0.41% 1.08% 777,517 1,036,032 Total deposits $ 11,504,389 $ 8,489,089 Weighted average rate on interest-bearing accounts 0.38% 0.56% As of December 31, 2021 and 2020, the Bank had total brokered deposits of $955.5 million and $753.3 million, respectively. Reciprocal deposits through Certificate of Deposit Account Registry Service ® (“CDARS ® ”) and Insured Cash Sweep ® (“ICS ® ”) totaled $2.06 billion and $1.72 billion as of December 31, 2021 and 2020, respectively, and were not considered brokered deposits. As of December 31, 2021 and 2020, certificates of deposit with balances of $100,000 or more, excluding brokered and reciprocal deposits, totaled $477.0 million and $534.3 million, respectively. As of December 31, 2021 and 2020, certificates of deposit with balances of $250,000 or more, excluding brokered and reciprocal deposits, totaled $126.4 million and $159.6 million. The contractual maturity of certificates of deposit was as follows: (Dollars in thousands) December 31, December 31, 12 months or less $ 693,339 $ 892,427 12 months to 24 months 72,735 132,443 24 months to 36 months 11,443 11,162 Total $ 777,517 $ 1,036,032 Interest expense on deposits for the years ended December 31, 2021, 2020 and 2019, was as follows: Years Ended December 31, (Dollars in thousands) 2021 2020 2019 Interest-bearing checking accounts $ 13,106 $ 14,493 $ 21,480 Money market deposit accounts 23,299 35,095 69,336 Certificates of deposit 5,099 19,614 34,776 Total interest expense on deposits $ 41,504 $ 69,202 $ 125,592

Borrowings

Borrowings	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
BORROWINGS	BORROWINGS As of December 31, 2021 and 2020, borrowings were comprised of the following: December 31, 2021 December 31, 2020 (Dollars in thousands) Interest Rate Ending Balance Maturity Date Interest Rate Ending Balance Maturity Date FHLB borrowings: Issued 12/20/2021 0.30% 50,000 3/21/2022 Issued 12/2/2021 0.27% 50,000 3/2/2022 Issued 12/1/2021 0.27% 150,000 3/1/2022 Issued 12/21/2020 0.39% 50,000 3/22/2021 Issued 12/2/2020 0.33% 50,000 3/2/2021 Issued 12/1/2020 0.33% 150,000 3/1/2021 Issued 10/8/2020 0.39% 50,000 1/8/2021 Line of credit borrowings — 2/18/2022 4.25% 5,000 10/17/2021 Subordinated notes payable (net of debt issuance costs of $1,792 and $2,007, respectively) 5.75% 95,708 5/15/2030 5.75% 95,493 5/15/2030 Senior notes payable (net of debt issuance costs of $545 and $0, respectively) 2.25% 124,455 12/15/2024 Total borrowings, net $ 470,163 $ 400,493 On December 15, 2021, the Company issued a senior unsecured fixed-to-floating rate note (the “Senior Note”) to Raymond James in the amount of $125 million. The Senior Note, which matures on December 15, 2024, bears interest at a fixed annual rate of 2.25% from the date of issuance to December 15, 2022, and thereafter until maturity at a floating annual rate, reset quarterly, equal to the then current three-month Secured Overnight Financing Rate (SOFR). The Senior Note is not redeemable prior to December 15, 2022. On and after December 15, 2022, the Senior Note is redeemable on any interest payment date at 100% of the principal amount thereof, plus accrued and unpaid interest to the redemption date. In 2020, the Company completed an underwritten public offering of subordinated notes due 2030, raising aggregate proceeds of $97.5 million. The subordinated notes have a term of 10 years at a fixed-to-floating rate of 5.75%. The subordinated notes constitute Tier 2 capital for the Company under federal regulatory capital rules. The Bank’s FHLB borrowing capacity is based on the collateral value of certain securities held in safekeeping at the FHLB and loans pledged to the FHLB. The Bank submits a quarterly Qualifying Collateral Report (“QCR”) to the FHLB to update the value of the loans pledged. As of December 31, 2021, the Bank’s borrowing capacity is based on the information provided in the September 30, 2021, QCR filing. As of December 31, 2021, the Bank had pledged loans of $1.45 billion, for a gross borrowing capacity of $1.03 billion, of which $250.0 million was outstanding in advances. As of December 31, 2020, there was $300.0 million outstanding in advances from the FHLB. When the Bank borrows from the FHLB, interest is charged at the FHLB’s posted rates at the time of the borrowing. The Bank maintains an unsecured line of credit of $10.0 million with M&T Bank and an unsecured line of credit of $20.0 million with Texas Capital Bank. As of December 31, 2021 and 2020, there were no outstanding borrowings under these lines of credit, and they are available to the Bank at the lenders’ discretion. In addition, the Bank maintains an $8.0 million unsecured line of credit with PNC Bank for private label credit card facilities for certain existing commercial clients of the Bank, of which $3.4 million in notional value of credit cards have been issued. The clients of the Bank are responsible for repaying any balances due on these credit cards directly to PNC; however, if the customer fails to repay PNC, the Bank could be required to satisfy the obligation to PNC and initiate collection from our customer as part of the existing credit facility of that customer. In August 2021, the Bank entered into a standby letter of credit with PNC Bank for $643,000, which expires in August 2022. As of December 31, 2020, the Company held an unsecured line of credit of $75.0 million with Texas Capital Bank and had $5.0 million in outstanding borrowings under this line of credit. On February 18, 2021, the Company terminated its line of credit with Texas Capital Bank and established a new unsecured line of credit of $75.0 million with The Huntington National Bank. As of December 31, 2021, there were no outstanding borrowings under the Huntington National Bank line of credit. Interest expense on borrowings for the years ended December 31, 2021, 2020 and 2019, was as follows: Years Ended December 31, (Dollars in thousands) 2021 2020 2019 FHLB borrowings $ 4,348 $ 6,095 $ 8,639 Line of credit borrowings 148 261 68 Senior and subordinated notes payable 5,938 3,593 1,091 Total interest expense on borrowings $ 10,434 $ 9,949 $ 9,798

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The income tax provision reconciled to taxes computed at the statutory federal rate for the years ended December 31, 2021, 2020 and 2019, was as follows: Years Ended December 31, (Dollars in thousands) 2021 2020 2019 Tax provision at statutory rate $ 19,048 $ 11,056 $ 14,418 Nondeductible expenses 1,299 772 919 Bank owned life insurance (450) (366) (364) Stock option exercises and cancellations (193) (288) (668) State tax expense, net of federal benefit 4,237 1,636 2,481 Adjustments to prior year tax 98 284 (121) Tax exempt income, net of disallowed interest (25) (47) (71) Renewable energy tax credits (3,504) (1,531) (1,912) Low-income housing tax credits (1,115) (880) (364) Historic tax credits (6,752) (3,273) (6,036) Other — 49 183 Income tax provision $ 12,643 $ 7,412 $ 8,465 The tax credits in the table above relate to transactions for the financing of renewable solar energy facilities, low-income housing tax credits and historic tax credits. These transactions provided federal tax credits and state tax credits (where applicable) during the 2021, 2020 and 2019 tax years. The financing of the solar energy facilities is accounted for as direct financing leases included within the C&I loan and lease portfolio. The amortization of the Company’s low-income housing tax credit investments has been reflected as income tax expense. The net amount of low-income housing tax credits, amortization and tax benefits recorded to income tax expenses during the years ended December 31, 2021, 2020 and 2019, was $1.1 million, $880,000 and $364,000, respectively. The carrying amount of the investment in low income housing tax credits was $31.1 million, of which $6.0 million was unfunded as of December 31, 2021. The carrying amount of the investment in historic tax credits was $11.4 million, of which $8.1 million was unfunded as of December 31, 2021. The income tax provision for the years ended December 31, 2021, 2020 and 2019, consisted of: Years Ended December 31, (Dollars in thousands) 2021 2020 2019 Current income tax provision - federal $ 7,927 $ 4,812 $ 4,058 Current income tax provision - state 3,911 2,094 1,767 Deferred tax provision (benefit) - federal (342) 431 1,312 Deferred tax provision - state 1,147 75 1,328 Income tax provision $ 12,643 $ 7,412 $ 8,465 The tax effects of temporary differences that gave rise to significant portions of the deferred tax assets and deferred tax liabilities as of December 31, 2021 and 2020, were as follows: December 31, (Dollars in thousands) 2021 2020 Deferred tax assets: Net operating loss - state $ 672 $ 672 Start-up expenses — 9 Stock compensation 2,415 1,546 Compensation related accruals 3,753 4,311 Leasehold improvement 590 666 Allowance for credit losses on loans and leases 7,887 8,369 Right-of-use liability 8,892 4,891 Reserve for unfunded commitments 701 820 Supplemental executive retirement plan 919 917 Transaction costs 802 112 Earn out liability non-purchase accounting 181 214 Unrealized loss on investments and derivatives 1,012 857 State bonus depreciation 2,557 3,535 General business credits 14,207 14,551 Valuation allowance (367) — Other 1,727 31 Gross deferred tax assets 45,948 41,501 Deferred tax liabilities: Office properties and equipment (32,749) (31,632) Prepaid expenses (475) (649) Deferred loan costs (4,714) (5,036) Intangibles (3,063) (257) Goodwill (2,710) (4,885) State capital shares tax liability (109) (229) Right-of-use asset (8,454) (4,489) Gross deferred tax liability (52,274) (47,177) Net deferred tax liability $ (6,326) $ (5,676) Management believes that, as of December 31, 2021, it is more likely than not that the deferred tax assets will be fully realized upon the generation of future taxable income, except for a portion of the state net operating losses. A valuation allowance of $367,000 was recorded based on the lack of projected taxable income on separate company state income tax returns. The Company has certain pre-tax state net operating loss carryforwards of $13.6 million, which will expire in years 2034 through 2041. The Company has general business credits of $14.2 million, which will expire in 2040. The change in the net deferred tax asset or liability for the years ended December 31, 2021 and 2020, was detailed as follows: December 31, (Dollars in thousands) 2021 2020 Deferred tax provision $ (805) $ (506) Deferred tax retained earnings for CECL adoption — 543 Deferred tax impact from other comprehensive income 155 1,218 Change in net deferred tax asset or liability $ (650) $ 1,255 The Company considers uncertain tax positions that it has taken or expects to take on a tax return. The Company recognizes interest accrued and penalties (if any) related to unrecognized tax benefits in income tax expense. Tax years 2018 through 2021 remain subject to federal and state tax examinations as of December 31, 2021. A reconciliation of the beginning and ending gross amounts of unrecognized tax benefits for the years ended December 31, 2021, 2020 and 2019, was as follows: December 31, (Dollars in thousands) 2021 2020 2019 Beginning of year balance $ 685 $ 528 $ 704 Increases in prior period tax positions — — 111 Decreases in prior period tax positions — (46) — Increases in current period tax positions — 203 148 Settlements (508) — (435) End of year balance $ 177 $ 685 $ 528 The total estimated unrecognized tax benefit that, if recognized, would affect the Company’s effective tax rate was approximately $75,000, $628,000 and $478,000 as of December 31, 2021, 2020 and 2019, respectively. The impact of interest and penalties was immaterial to the Company’s financial statements for the years ended December 31, 2021, 2020 and 2019. The Company does not expect changes in its unrecognized tax benefits in the next twelve months to have a material impact on its financial statements.

Stock Transactions

Stock Transactions	12 Months Ended
	Dec. 31, 2021
Common Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
STOCK TRANSACTIONS	STOCK TRANSACTIONS On December 30, 2020, the Company completed the private placement of securities pursuant to an Investment Agreement, dated October 10, 2020 and amended December 9, 2020, with T-VIII PubOpps LP (“T-VIII PubOpps”), an affiliate of investment funds managed by Stone Point Capital LLC. Pursuant to the Investment Agreement, the Company sold to T-VIII PubOpps (i) 2,770,083 shares of voting common stock for $40.0 million, (ii) 650 shares of Series C Preferred Stock for $65.0 million, and (iii) warrants to purchase up to 922,438 shares of voting common stock, or a future series of non-voting common stock at an exercise price of $17.50 per share. After two years, the Series C Preferred Stock is convertible into shares of a future series of non-voting common stock or, when transferred under certain limited circumstances to a holder other than an affiliate of Stone Point Capital LLC, voting common stock, at a price of 13.75 per share. The Company has the right to effect a mandatory conversion of the Series C Preferred Stock held by T-VIII PubOpps into shares of non-voting common stock following the three year anniversary of the closing of the investment subject to certain conditions. The Series C Preferred Stock has a liquidation preference of $100,000 per share and pays a quarterly dividend at an annualized rate of 6.75%. The Company received gross proceeds of $105.0 million at closing and may receive up to an additional $16.1 million if the warrants are exercised in full. The net proceeds have been recorded to shareholders’ equity at December 31,2020 and allocated to the three equity instruments issued using the relative fair value method applied to common stock, preferred stock, and to the warrants issued which were recorded to additional paid-in capital. The net proceeds constitute Tier 1 capital for the holding company under federal regulatory capital rules. In May 2019, the Company completed a registered, underwritten public offering of 3.2 million depositary shares, each representing a 1/40th interest in a share of its 6.375% Fixed-to-Floating Rate Series B Non-Cumulative Perpetual Preferred Stock, no par value (the “Series B Preferred Stock”), with a liquidation preference of $1,000 per share (equivalent to $25 per depository share). The Company received net proceeds of $77.6 million from the sale of 80,500 shares of its Series B Preferred Stock (equivalent to 3.2 million depositary shares), after deducting underwriting discounts, commissions and direct offering expenses. The preferred stock constitutes Tier 1 capital for the holding company under federal regulatory capital rules. When, as, and if declared by the board of directors (the “Board”) of the Company, dividends will be payable on the Series B Preferred Stock from the date of issuance to, but excluding July 1, 2026, at a rate of 6.375% per annum, payable quarterly, in arrears, and from and including July 1, 2026, dividends will accrue and be payable at a floating rate equal to three-month LIBOR plus a spread of 408.8 basis points per annum (subject to potential adjustment as provided in the definition of three-month LIBOR), payable quarterly, in arrears. The Company may redeem the Series B Preferred Stock at its option, subject to regulatory approval, on or after July 1, 2024, as described in the prospectus supplement relating to the offering filed with the SEC on May 23, 2019. During the year ended December 31, 2021, the Company paid dividends of $2.7 million on its Series A Preferred Stock, $5.1 million on its Series B Preferred Stock, and $4.5 million on its Series C Preferred Stock. During the year ended December 31, 2020, the Company paid dividends of $2.7 million on its Series A Preferred Stock and $5.1 million on its Series B Preferred Stock. During the year ended December 31, 2019, the Company paid dividends of $2.7 million on its Series A Preferred Stock and $3.1 million on its Series B Preferred Stock. Under authorization of the Board, the Company was permitted to repurchase shares of its common stock up to prescribed amounts of which $7.3 million remained available as of December 31, 2021. The Board also authorized the Company to utilize some of the share repurchase program authorizations to cancel certain options to purchase shares of its common stock granted by the Company. During the year ended December 31, 2020, the Company repurchased a total of 40,000 shares of common stock for approximately $671,000, at an average cost of $16.76 per share. During the year ended December 31, 2019, the Company repurchased a total of 90,000 shares of common stock for approximately $1.8 million, at an average cost of $20.21 per share. The repurchased shares are held as treasury stock. Treasury shares increased 102,611, or approximately $2.1 million, in connection with the net settlement of equity awards exercised or vested during the year ended December 31, 2021. The Company reissued 8,500 shares of treasury stock for approximately $135,000 during the year ended December 31, 2020. Treasury shares increased 141,500, or approximately $2.9 million, in connection with the net settlement of equity awards exercised or vested during the year ended December 31, 2020. Treasury shares increased 21,512, or approximately $493,000, in connection with the net settlement of equity awards exercised or vested during the year ended December 31, 2019. The table below shows the changes in the Company’s preferred and common shares outstanding during the periods indicated: Number of Number of Number of Balance, December 31, 2018 40,250 28,878,674 2,014,910 Issuance of preferred stock 80,500 — — Issuance of restricted common stock — 580,453 — Forfeitures of restricted common stock — (78,209) — Exercise of stock options — 86,580 — Purchase of treasury stock — (90,000) 90,000 Increase in treasury stock related to equity awards — (21,512) 21,512 Balance, December 31, 2019 120,750 29,355,986 2,126,422 Issuance of preferred stock 650 — — Issuance of common stock — 2,770,083 — Issuance of restricted common stock — 638,832 — Forfeitures of restricted common stock — (32,751) — Exercise of stock options — 61,000 — Purchase of treasury stock — (40,000) 40,000 Increase in treasury stock related to equity awards — (141,500) 141,500 Reissuance of treasury stock — 8,500 (8,500) Balance, December 31, 2020 121,400 32,620,150 2,299,422 Issuance of preferred stock 33 — — Issuance of restricted common stock — 633,386 — Forfeitures of restricted common stock — (12,297) — Exercise of stock options — 124,870 — Increase in treasury stock related to equity awards — (102,611) 102,611 Balance, December 31, 2021 121,433 33,263,498 2,402,033

Regulatory Capital

Regulatory Capital	12 Months Ended
	Dec. 31, 2021
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]
REGULATORY CAPITAL	REGULATORY CAPITAL The Company and the Bank are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory – and possibly additional discretionary – actions by regulators that, if undertaken, could have a direct and material adverse effect on the Company’s and the Bank’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and the Bank must meet specific capital guidelines that involve quantitative measures of the Company’s and the Bank’s assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The Company’s and the Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weighting and other factors. Quantitative measures established by regulation to ensure capital adequacy require the Company and the Bank to maintain minimum amounts and ratios (set forth in the tables below) of Common Equity Tier 1 (“CET 1”), Tier 1 and Total risk-based capital to risk-weighted assets, and a Tier 1 leverage ratio of Tier 1 capital to average assets (as each term is defined in the applicable regulations). As of December 31, 2021 and 2020, TriState Capital Holdings, Inc. and TriState Capital Bank exceeded all capital adequacy requirements to which they were subject. Insured depository institutions are categorized as well capitalized if they meet minimum capital ratios as set forth in the tables below. The Bank exceeded the capital ratios necessary to be well capitalized under the regulatory framework for prompt corrective action. There have been no conditions or events since the filing of the most recent Call Report that management believes have materially changed the Bank’s capital, as presented in the tables below. A banking organization is also subject to certain limitations on capital distributions and discretionary bonus payments to executive officers if the organization does not maintain the necessary capital conservation buffer of CET 1 capital to risk weighted assets ratio of 2.5% or more, in addition to the minimum risk-based capital adequacy levels shown in the tables below. As of December 31, 2021 and 2020, both the Company and the Bank were above the levels required to avoid limitations on capital distributions and discretionary bonus payments. In 2020, U.S. federal regulatory authorities issued a final rule that provides banking organizations that adopt CECL during the 2020 calendar year with the option to delay the impact of CECL on regulatory capital for up to two years, beginning January 1, 2020, followed by a three-year transition period. As the Company adopted CECL on December 31, 2020, the Company elected to utilize the remainder of the two-year delay of CECL’s impact on its regulatory capital, from December 31, 2020 through December 31, 2021, followed by the three-year transition period of CECL impact on regulatory capital, from January 1, 2022 through December 31, 2024. The following tables set forth certain information concerning the Company’s and the Bank’s regulatory capital as of December 31, 2021 and 2020: December 31, 2021 Actual For Capital Adequacy Purposes To be Well Capitalized Under Prompt Corrective Action Provisions (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio Total risk-based capital ratio Company $ 910,320 13.43 % $ 542,409 8.00 % N/A N/A Bank $ 986,657 14.60 % $ 540,639 8.00 % $ 675,798 10.00 % Tier 1 risk-based capital ratio Company $ 788,910 11.64 % $ 406,807 6.00 % N/A N/A Bank $ 960,955 14.22 % $ 405,479 6.00 % $ 540,639 8.00 % Common equity tier 1 risk-based capital ratio Company $ 607,367 8.96 % $ 305,105 4.50 % N/A N/A Bank $ 960,955 14.22 % $ 304,109 4.50 % $ 439,269 6.50 % Tier 1 leverage ratio Company $ 788,910 6.36 % $ 496,431 4.00 % N/A N/A Bank $ 960,955 7.76 % $ 495,417 4.00 % $ 619,271 5.00 % December 31, 2020 Actual For Capital Adequacy Purposes To be Well Capitalized Under Prompt Corrective Action Provisions (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio Total risk-based capital ratio Company $ 833,819 14.12 % $ 472,267 8.00 % N/A N/A Bank $ 789,273 13.41 % $ 470,820 8.00 % $ 588,525 10.00 % Tier 1 risk-based capital ratio Company $ 707,711 11.99 % $ 354,200 6.00 % N/A N/A Bank $ 758,658 12.89 % $ 353,115 6.00 % $ 470,820 8.00 % Common equity tier 1 risk-based capital ratio Company $ 530,568 8.99 % $ 265,650 4.50 % N/A N/A Bank $ 758,658 12.89 % $ 264,836 4.50 % $ 382,542 6.50 % Tier 1 leverage ratio Company $ 707,711 7.29 % $ 388,408 4.00 % N/A N/A Bank $ 758,658 7.83 % $ 387,626 4.00 % $ 484,533 5.00 %

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2021
Retirement Benefits [Abstract]
EMPLOYEE BENEFIT PLANS	EMPLOYEE BENEFIT PLANS The Company participates in a qualified 401(k) defined contribution plan under which eligible employees may contribute a percentage of their salary, at their discretion. During the years ended December 31, 2021, 2020 and 2019, the Company automatically contributed three percent of each eligible employee’s base salary to the individual’s 401(k) plan, subject to IRS limitations. Full-time employees and certain part-time employees are eligible to participate upon the first month following their first day of employment or having attained the age of 21, whichever is later. The Company’s contribution expense was $1.1 million, $1.1 million and $1.0 million for the years ended December 31, 2021, 2020 and 2019, respectively. On February 28, 2013, the Company entered into a supplemental executive retirement plan (“SERP”) for its Chairman and Chief Executive Officer. The benefits were earned over a five-year period ended January 31, 2018, with the projected payments for this SERP of $25,000 per month for 180 months commencing the latter of retirement or 60 months. For the years ended December 31, 2021, 2020 and 2019, the Company recorded expense related to SERP of $38,000, $149,000 and $8,000, respectively, utilizing a discount rate of 2.37%, 2.52% and 3.66%, respectively. The recorded liability related to the SERP plan was $3.8 million and $3.8 million as of December 31, 2021 and 2020, respectively.

Earnings Per Common Share

Earnings Per Common Share	12 Months Ended
	Dec. 31, 2021
Earnings Per Share [Abstract]
EARNINGS PER COMMON SHARE	EARNINGS PER COMMON SHARE The computation of basic and diluted earnings per common share for the years ended December 31, 2021, 2020 and 2019, was as follows: Years Ended December 31, (Dollars in thousands, except per share data) 2021 2020 2019 Basic earnings per common share: Net income $ 78,060 $ 45,234 $ 60,193 Less: Preferred dividends on Series A and Series B 7,849 7,849 5,753 Less: Preferred dividends on Series C 4,499 24 — Net income available to common shareholders $ 65,712 $ 37,361 $ 54,440 Allocation of net income available: Common shareholders $ 55,487 $ 37,320 $ 54,440 Series C convertible preferred shareholders 8,590 34 — Warrant shareholders 1,635 7 — Total $ 65,712 $ 37,361 $ 54,440 Basic weighted average common shares outstanding: Basic common shares 31,315,235 28,267,512 27,864,933 Series C convertible preferred stock, as-if converted 4,848,039 25,832 — Warrants, as-if exercised 922,438 5,041 — Basic earnings per common share $ 1.77 $ 1.32 $ 1.95 Diluted earnings per common share: Income available to common shareholders after allocation $ 55,487 $ 37,320 $ 54,440 Diluted weighted average common shares outstanding: Basic common shares 31,315,235 28,267,512 27,864,933 Restricted stock - dilutive 994,997 345,026 633,802 Stock options - dilutive 149,716 125,930 334,600 Diluted common shares 32,459,948 28,738,468 28,833,335 Diluted earnings per common share $ 1.71 $ 1.30 $ 1.89 December 31, December 31, December 31, Anti-dilutive shares: 2021 2020 2019 Restricted stock 37,500 581,717 31,500 Stock options — — — Series C convertible preferred stock, as-if converted 4,967,272 4,727,272 — Warrants, as-if exercised 922,438 922,438 — Total anti-dilutive shares 5,927,210 6,231,427 31,500 The Series C Preferred Stock and warrants are antidilutive under the treasury stock method compared to the basic EPS calculation under the two-class method.

Stock-Based Compensation Progra

Stock-Based Compensation Programs	12 Months Ended
	Dec. 31, 2021
Share-based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION PROGRAMS	STOCK-BASED COMPENSATION PROGRAMSThe Company’s 2006 Stock Option Plan (the “2006 Plan”) provided for the granting of incentive and non-qualifying stock options to the Company’s key employees, key contractors and outside directors at the discretion of the Board. The Omnibus Incentive Plan (the “Omnibus Plan”), which was approved by the Company’s shareholders on May 20, 2014, provides for the granting of incentive and non-qualifying stock options, stock appreciation rights, restricted shares, restricted stock units, dividend equivalent rights and other equity-based or equity-related awards to the Company’s key employees, key contractors and outside directors at the discretion of the Board. The Omnibus Plan, upon its approval, replaced the 2006 Plan. The total number of shares of common stock that may be granted under the Omnibus Plan is the number of authorized shares of common stock of the Company that remained available under the 2006 Plan as of the date of shareholder approval, plus any shares of common stock issued pursuant to the 2006 Plan that were forfeited, canceled, expired or otherwise terminated. The shares reserved for grants under the 2006 Plan are no longer available for grants under that plan but are instead reserved for grants under the Omnibus Plan. In May 2021, the shareholders of the Company authorized the issuance of up to an additional 800,000 common shares relating to stock awards, which may be issued upon the grant or exercise of stock-based awards, bringing the total authorized shares in connection with stock-based awards to 5,800,000 as of December 31, 2021, under both the 2006 Plan and the Omnibus Plan (together, the “Plans”). The aggregate awards outstanding were 1,989,060 under the Plans. As of December 31, 2021, 2,641,306 stock options and restricted shares had been exercised or vested, respectively, leaving 1,169,634 additional awards available for the Company to grant under the Omnibus Plan. The Company’s stock option grants contain terms that provide for a graded vesting schedule whereby portions of the options vest in increments over the requisite service period. Options and restricted shares issued under the Plans typically vest in 1 to 5 years. The Company recognizes compensation expense for awards with graded vesting schedules on a straight-line basis over the requisite service period for the entire grant. The Company’s compensation expense for all awards was $11.0 million, $9.5 million and $8.8 million for the years ended December 31, 2021, 2020 and 2019, respectively. In 2020, the Board approved a stock option cancellation program to allow for certain outstanding and vested stock option awards to be canceled by the option holder at a price based on the closing day’s stock price less the option exercise price. During the year ended December 31, 2020, there were 212,447 options canceled for approximately $2.5 million, which was recorded as a reduction to additional paid-in capital. STOCK OPTIONS There were no stock options granted for the years ended December 31, 2021, 2020 and 2019. Stock option activity during the periods indicated was as follows: Number of Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term (years) Balance, December 31, 2018 694,147 $ 10.60 4.26 Granted — — Exercised (86,580) 10.39 Forfeited (5,000) 10.31 Canceled — — Expired — — Balance, December 31, 2019 602,567 $ 10.64 3.47 Granted — — Exercised (61,000) 8.30 Forfeited (1,500) 12.29 Canceled (212,447) 10.88 Expired — — Balance, December 31, 2020 327,620 $ 10.90 2.67 Granted — — Exercised (124,870) 10.20 Forfeited — — Canceled — — Expired (2,500) 8.00 Balance, December 31, 2021 200,250 $ 11.38 2.02 Exercisable as of December 31, 2019 512,236 $ 10.64 3.17 Exercisable as of December 31, 2020 320,620 $ 10.86 2.61 Exercisable as of December 31, 2021 200,250 $ 11.38 2.02 The weighted average grant date fair value of options exercised during the years ended December 31, 2021, 2020 and 2019 was $4.87, $4.82 and $5.13, respectively. A summary of the status of the Company’s non-vested options as of and changes during the years ended December 31, 2021, 2020 and 2019, is presented below: Non-vested options: Number of Options Weighted Average Grant-Date Balance, December 31, 2018 264,697 $ 4.96 Granted — — Vested (169,366) 4.94 Forfeited (5,000) 4.95 Balance, December 31, 2019 90,331 $ 4.98 Granted — — Vested (81,831) 4.96 Forfeited (1,500) 4.75 Balance, December 31, 2020 7,000 $ 5.21 Granted — — Vested (7,000) 5.21 Forfeited — — Balance, December 31, 2021 — $ — RESTRICTED SHARES A summary of the status of the Company’s non-vested restricted shares as of and changes during the years ended December 31, 2021, 2020 and 2019, is presented below: Non-vested restricted shares: Number of Shares Weighted Average Grant-Date Balance, December 31, 2018 1,353,012 $ 18.70 Granted 580,453 21.85 Vested (424,134) 13.20 Forfeited (78,209) 19.13 Balance, December 31, 2019 1,431,122 $ 21.58 Granted 638,832 22.37 Vested (544,075) 20.22 Forfeited (32,751) 23.62 Balance, December 31, 2020 1,493,128 $ 22.37 Granted 633,386 21.00 Vested (325,407) 22.61 Forfeited (12,297) 21.63 Balance, December 31, 2021 1,788,810 $ 21.84 As of December 31, 2021, there was $20.8 million of total unrecognized compensation cost related to non-vested restricted shares granted under the Omnibus Plan, and the unrecognized compensation cost is expected to be recognized over a weighted average period of 2.0 years.

Derivatives and Hedging Activit

Derivatives and Hedging Activity	12 Months Ended
	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVES AND HEDGING ACTIVITY	DERIVATIVES AND HEDGING ACTIVITY RISK MANAGEMENT OBJECTIVE OF USING DERIVATIVES The Company is exposed to certain risks arising from both its business operations and economic conditions. The Company principally manages its exposures to a wide variety of business and operational risks through management of its core business activities. The Company manages economic risks, including interest rate, liquidity and credit risk, primarily by managing the amount, sources, and duration of its debt funding and through the use of derivative financial instruments. Specifically, the Company enters into derivative financial instruments to manage exposures that arise from business activities that result in the receipt or payment of future known and uncertain cash amounts, the value of which are determined by interest rates. The Company’s derivative financial instruments are used to manage differences in the amount, timing and duration of the Company’s known or expected cash payments related to certain of the Company’s FHLB borrowings and to manage the volatility of the change in fair value related to certain of the Company’s equity investments. The Company also has derivatives that are a result of a service the Company provides to certain qualifying customers. When providing this service, the Company generally enters into an offsetting derivative transaction in order to eliminate its interest rate risk exposure resulting from such transactions. FAIR VALUES OF DERIVATIVE INSTRUMENTS ON THE STATEMENTS OF FINANCIAL CONDITION The tables below present the fair value of the Company’s derivative financial instruments as well as their classification on the consolidated statements of financial condition as of December 31, 2021 and 2020: Asset Derivatives Liability Derivatives as of December 31, 2021 as of December 31, 2021 (Dollars in thousands) Balance Sheet Location Fair Value Balance Sheet Location Fair Value Derivatives designated as hedging instruments: Interest rate products Other assets $ 1,217 Other liabilities $ 2,838 Derivatives not designated as hedging instruments: Interest rate products Other assets 88,956 Other liabilities 88,919 Total Other assets $ 90,173 Other liabilities $ 91,757 Asset Derivatives Liability Derivatives as of December 31, 2020 as of December 31, 2020 (Dollars in thousands) Balance Sheet Location Fair Value Balance Sheet Location Fair Value Derivatives designated as hedging instruments: Interest rate products Other assets $ — Other liabilities $ 9,082 Derivatives not designated as hedging instruments: Interest rate products Other assets 144,333 Other liabilities 144,351 Total Other assets $ 144,333 Other liabilities $ 153,433 The following tables show the impact legally enforceable master netting agreements had on the Company’s derivative financial instruments as of December 31, 2021 and 2020: Offsetting of Derivative Assets Gross Amounts of Recognized Assets Gross Amounts Offset in the Statement of Financial Position Net Amounts of Assets Gross Amounts Not Offset in the Statement of Financial Position Net Amount (Dollars in thousands) Financial Instruments Cash Collateral Received December 31, 2021 $ 90,173 $ — $ 90,173 $ (13,929) $ — $ 76,244 December 31, 2020 $ 144,333 $ — $ 144,333 $ (94) $ — $ 144,239 Offsetting of Derivative Liabilities Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Statement of Financial Position Net Amounts of Liabilities Gross Amounts Not Offset in the Statement of Financial Position Net Amount (Dollars in thousands) Financial Instruments Cash Collateral Posted December 31, 2021 $ 91,757 $ — $ 91,757 $ (13,929) $ (59,898) $ 17,930 December 31, 2020 $ 153,433 $ — $ 153,433 $ (94) $ (150,238) $ 3,101 CASH FLOW HEDGES OF INTEREST RATE RISK The Company’s objectives in using certain interest rate derivatives are to add stability to net interest income and to manage its exposure to interest rate movements. To accomplish these objectives, the Company primarily uses interest rate swaps as part of its interest rate risk management strategy. The Company has entered into derivative contracts to hedge the variable cash flows associated with certain FHLB borrowings. These interest rate swaps designated as cash flow hedges involve the receipt of variable amounts from a counterparty in exchange for the Company effectively making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. The effective portion of changes in the fair value of derivatives designated and that qualify as cash flow hedges is recorded in accumulated other comprehensive income (loss) and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. The ineffective portion of the change in fair value of the derivatives is recognized directly in earnings. The Company’s cash flow hedge derivatives did not have any hedge ineffectiveness recognized in earnings during the years ended December 31, 2021 and 2020. Characteristics of the Company’s interest rate derivative transactions designated as cash flow hedges of interest rate risk as of December 31, 2021, were as follows: (Dollars in thousands) Notional Effective Rate (1) Estimated Increase/(Decrease) to Interest Expense in the Next Twelve Months Maturity Date Remaining Term Interest rate products: Issued 5/30/2019 $ 50,000 2.05 % $ 373 6/1/2022 5 Issued 5/30/2019 50,000 2.03 % 758 6/1/2023 17 Issued 5/30/2019 50,000 2.04 % 764 6/1/2024 29 Issued 3/2/2020 50,000 0.98 % 227 3/2/2025 38 Issued 3/20/2020 50,000 0.60 % 36 3/20/2025 39 Total $ 250,000 $ 2,158 (1) The effective rate is adjusted for the difference between the three-month FHLB advance rate and three-month LIBOR. The table below presents the effective portion of the Company’s cash flow hedge instruments in the consolidated statements of income for the years ended December 31, 2021, 2020 and 2019: Years Ended December 31, (Dollars in thousands) 2021 2020 2019 Derivatives designated as hedging instruments: Location of Gain (Loss) Recognized in Income on Derivatives Realized Gain (Loss) Interest rate products Interest expense $ (3,513) $ (2,732) $ 1,259 The table below presents the effective portion of the Company’s cash flow hedge instruments in accumulated other comprehensive income for the years ended December 31, 2021, 2020 and 2019: Years Ended December 31, (Dollars in thousands) 2021 2020 2019 Derivatives designated as hedging instruments: Unrealized Gain (Loss) Recognized in Accumulated Other Comprehensive Income on Derivatives Interest rate products $ 3,723 $ (9,168) $ (2,239) NON-DESIGNATED HEDGES The Company does not use derivatives for trading or speculative purposes. Derivatives not designated as hedges are not speculative and result from a service the Company provides to certain customers. The Company executes interest rate derivatives with its commercial and private banking customers to facilitate their respective risk management strategies. Those derivatives are simultaneously and economically hedged by offsetting derivatives that the Company executes with a third party, such that the Company generally eliminates its interest rate exposure resulting from such transactions. Changes in the fair value of derivatives not designated in hedging relationships are recorded directly in earnings. As of December 31, 2021, the Company had interest rate derivative transactions with an aggregate notional amount of $4.83 billion related to this program. In addition, the Company also has executed equity derivatives to economically hedge certain of its equity investments. Changes in the fair value of derivatives not designated in hedging relationships are recorded directly in earnings. As of December 31, 2021 and 2020, the Company had no outstanding equity derivative transactions. The table below presents the effect of the Company’s non-designated hedge instruments in the consolidated statements of income for the years ended December 31, 2021, 2020 and 2019: Years Ended December 31, (Dollars in thousands) 2021 2020 2019 Derivatives not designated as hedging instruments: Location of Gain (Loss) Recognized in Income on Derivatives Realized Gain (Loss) Interest rate products Non-interest income $ 36 $ (20) $ (45) Equity products Non-interest income $ — $ — $ (176) Total $ 36 $ (20) $ (221) CREDIT-RISK-RELATED CONTINGENT FEATURES The Company has agreements with each of its derivative counterparties that contain a provision where, if the Company defaults on any of its indebtedness, including default where repayment of the indebtedness has not been accelerated by the lender, then the Company could also be declared in default on its derivative obligations. The Company has agreements with certain of its derivative counterparties that contain a provision where, if either the Company or the counterparty fails to maintain its status as a well-capitalized or adequately capitalized institution, then the Company or the counterparty could be required to terminate any outstanding derivative positions and settle its obligations under the agreement. As of December 31, 2021, the termination value of derivatives for which the Company had master netting arrangements with the counterparty and in a net liability position was $61.1 million, including accrued interest. As of December 31, 2021, the Company has minimum collateral posting thresholds with certain of its derivative counterparties and has posted collateral of $60.3 million which is considered restricted cash. If the Company had breached any of these provisions as of December 31, 2021, it could have been required to settle its obligations under the agreements at their termination value.

Disclosures About Fair Value of

Disclosures About Fair Value of Financial Instruments	12 Months Ended
	Dec. 31, 2021
Fair Value Disclosures [Abstract]
DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS	DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS Fair value estimates of financial instruments are based on the present value of expected future cash flows, quoted market prices of similar financial instruments, if available, and other valuation techniques. These valuations are significantly affected by discount rates, cash flow assumptions and risk assumptions used. Therefore, fair value estimates may not be substantiated by comparison to independent markets and are not intended to reflect the proceeds that may be realized in an immediate settlement of instruments. Accordingly, the aggregate fair value amounts presented below do not represent the underlying value of the Company. FAIR VALUE MEASUREMENTS In accordance with U.S. GAAP, the Company must account for certain financial assets and liabilities at fair value on a recurring and non-recurring basis. The Company utilizes a three-level fair value hierarchy of valuation techniques to estimate the fair value of its financial assets and liabilities based on whether the inputs to those valuation techniques are observable or unobservable. The fair value hierarchy gives the highest priority to quoted prices with readily available independent data in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable market inputs (Level 3). When various inputs for measurement fall within multiple levels of the fair value hierarchy, the lowest level input that has a significant impact on fair value measurement is used. Financial assets and liabilities are categorized based upon the following characteristics or inputs to the valuation techniques: • Level 1 – Financial assets and liabilities for which inputs are observable and are obtained from reliable quoted prices for identical assets or liabilities in actively traded markets. This is the most reliable fair value measurement and includes, for example, active exchange-traded equity securities. • Level 2 – Financial assets and liabilities for which values are based on quoted prices in markets that are not active or for which values are based on similar assets or liabilities that are actively traded. Level 2 also includes pricing models in which the inputs are corroborated by market data, such as matrix pricing. • Level 3 – Financial assets and liabilities for which values are based on prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. Level 3 inputs include assumptions of a source independent of the reporting entity or the reporting entity’s own assumptions that are supported by little or no market activity or observable inputs. The Company is responsible for the valuation process and as part of this process may use data from outside sources in establishing fair value. The Company performs due diligence to understand the inputs used or how the data was calculated or derived and corroborates the reasonableness of external inputs in the valuation process. RECURRING FAIR VALUE MEASUREMENTS The following tables represent assets and liabilities measured at fair value on a recurring basis as of December 31, 2021 and 2020: December 31, 2021 (Dollars in thousands) Level 1 Level 2 Level 3 Total Assets / Financial assets: Debt securities available-for-sale: Corporate bonds $ — $ 146,192 $ — $ 146,192 Trust preferred securities — 13,627 — 13,627 Non-agency residential mortgage-backed securities — 277,118 — 277,118 Agency collateralized mortgage obligations — 16,498 — 16,498 Agency mortgage-backed securities — 120,477 — 120,477 Agency debentures — 7,228 — 7,228 Municipal bonds — 5,185 — 5,185 Equity securities 4,975 — — 4,975 Interest rate swaps — 90,173 — 90,173 Total financial assets $ 4,975 $ 676,498 $ — $ 681,473 Financial liabilities: Interest rate swaps $ — $ 91,757 $ — $ 91,757 Total financial liabilities $ — $ 91,757 $ — $ 91,757 December 31, 2020 (Dollars in thousands) Level 1 Level 2 Level 3 Total Assets / Financial assets: Debt securities available-for-sale: Corporate bonds $ — $ 158,464 $ — $ 158,464 Trust preferred securities — 18,087 — 18,087 Agency collateralized mortgage obligations — 22,089 — 22,089 Agency mortgage-backed securities — 410,127 — 410,127 Agency debentures — 8,803 — 8,803 Interest rate swaps — 144,333 — 144,333 Total financial assets $ — $ 761,903 $ — $ 761,903 Financial liabilities: Interest rate swaps $ — $ 153,433 $ — $ 153,433 Total financial liabilities $ — $ 153,433 $ — $ 153,433 INVESTMENT SECURITIES Generally, debt securities are valued using pricing for similar securities, recently executed transactions, and other third-party pricing models utilizing observable inputs and therefore are classified as Level 2. U.S. treasury securities and equity securities (including mutual funds) are classified as Level 1 because these securities are in actively traded markets. INTEREST RATE SWAPS The fair value of interest rate swaps is estimated using inputs that are observable or that can be corroborated by observable market data and therefore are classified as Level 2. These fair value estimations include primarily market observable inputs such as the forward LIBOR swap curve. NON-RECURRING FAIR VALUE MEASUREMENTS Certain financial assets and financial liabilities are measured at fair value on a non-recurring basis; that is, the instruments are not measured at fair value on an ongoing basis but are subject to fair value adjustments in certain circumstances, such as when there is evidence of impairment. The following tables represent the balances of assets measured at fair value on a non-recurring basis as of December 31, 2021 and 2020: December 31, 2021 (Dollars in thousands) Level 1 Level 2 Level 3 Total Assets Loans measured for impairment, net $ — $ — $ 12,129 $ 12,129 Other real estate owned — — 2,005 2,005 Total assets $ — $ — $ 14,134 $ 14,134 December 31, 2020 (Dollars in thousands) Level 1 Level 2 Level 3 Total Assets Loans measured for impairment, net $ — $ — $ 7,692 $ 7,692 Other real estate owned — — 2,724 2,724 Total assets $ — $ — $ 10,416 $ 10,416 As of December 31, 2021 and 2020, the Company recorded $4.7 million and $2.0 million, respectively, of specific reserves to the allowance for credit losses on loans and leases as a result of adjusting the fair value of individually evaluated loans. INDIVIDUALLY EVALUATED LOANS The Company evaluates individually loans that do not share similar risk characteristics, including non-accrual loans and loans designated as a TDR. Specific allowance for credit losses is measured based on a discounted cash flow of ongoing operations, discounted at the loan’s original effective interest rate, or a calculation of the fair value of the underlying collateral less estimated selling costs. Our policy is to obtain appraisals on collateral supporting individually evaluated loans on an annual basis, unless circumstances dictate a shorter time frame. Appraisals are reduced by estimated costs to sell the collateral, and, under certain circumstances, additional factors that may arise and cause us to believe our recoverable value may be less than the independent appraised value. Accordingly, individually evaluated loans are classified as Level 3. OTHER REAL ESTATE OWNED OREO is comprised of property acquired through foreclosure or voluntarily conveyed by borrowers. These assets are recorded on the date acquired at fair value, less estimated disposition costs, with the fair value being determined by appraisal. Our policy is to obtain appraisals on collateral supporting OREO on an annual basis, unless circumstances dictate a shorter time frame. Appraisals are reduced by estimated costs to sell the collateral and, under certain circumstances, additional factors that may arise and cause us to believe our recoverable value may be less than the independent appraised value. Accordingly, OREO is classified as Level 3. LEVEL 3 VALUATION The following tables present additional quantitative information about assets measured at fair value on a recurring and non-recurring basis and for which we have utilized Level 3 inputs to determine fair value as of December 31, 2021 and 2020: December 31, 2021 (Dollars in thousands) Fair Value Valuation Techniques (1) (2) Significant Unobservable Inputs Weighted Average Discount Rate Loans measured for impairment, net $ 12,129 Other Discount due to restructured nature of operations 3% Other real estate owned $ 2,005 Collateral Appraisal value and discount due to salability conditions 12% (1) Fair value is generally determined through independent appraisals of the underlying collateral, which may include Level 3 inputs that are not identifiable, or by using the discounted cash flow of ongoing operations if the loan is not collateral dependent. (2) The collateral which is used in the valuation of these loans is commercial real estate. December 31, 2020 (Dollars in thousands) Fair Value Valuation Techniques (1)(2) Significant Unobservable Inputs Weighted Average Discount Rate Loans measured for impairment, net $ 7,692 Collateral Appraisal value and discount due to salability conditions 23% Other real estate owned $ 2,724 Collateral Appraisal value and discount due to salability conditions 12% (1) Fair value is generally determined through independent appraisals of the underlying collateral, which may include Level 3 inputs that are not identifiable, or by using the discounted cash flow method if the loan is not collateral dependent. (2) The collateral which is used in the valuation of these loans is commercial real estate. FAIR VALUE OF FINANCIAL INSTRUMENTS The following is a summary of the carrying amounts and estimated fair values of financial instruments: December 31, 2021 December 31, 2020 (Dollars in thousands) Fair Value Carrying Estimated Carrying Estimated Financial assets: Cash and cash equivalents 1 $ 452,016 $ 452,016 $ 435,442 $ 435,442 Debt securities available-for-sale 2 586,325 586,325 617,570 617,570 Debt securities held-to-maturity 1 39,098 38,666 — — Debt securities held-to-maturity 2 763,478 753,296 211,691 214,299 Equity securities 1 4,975 4,975 — — Federal Home Loan Bank stock 2 11,802 11,802 13,284 13,284 Loans and leases held-for-investment, net 3 10,734,761 10,717,430 8,202,788 8,199,922 Accrued interest receivable 2 25,060 25,060 18,783 18,783 Investment management fees receivable, net 2 8,641 8,641 7,935 7,935 Bank owned life insurance 2 98,928 98,928 71,787 71,787 Other real estate owned 3 2,005 2,005 2,724 2,724 Interest rate swaps 2 90,173 90,173 144,333 144,333 Financial liabilities: Deposits 2 $ 11,504,389 $ 11,504,856 $ 8,489,089 $ 8,510,799 Borrowings, net 2 470,163 474,949 400,493 402,714 Interest rate swaps 2 91,757 91,757 153,433 153,433 During the years ended December 31, 2021, 2020 and 2019, there were no transfers between fair value Levels 1, 2 or 3. The following methods and assumptions were used to estimate the fair value of each class of financial instruments as of December 31, 2021 and 2020: CASH AND CASH EQUIVALENTS The carrying amount approximates fair value. INVESTMENT SECURITIES The fair values of debt securities available-for-sale, debt securities held-to-maturity, debt securities trading and equity securities are based on quoted market prices for the same or similar securities, recently executed transactions and third-party pricing models . U.S. treasury securities and equity securities (including mutual funds) are classified as Level 1 because these securities are in actively traded markets. FEDERAL HOME LOAN BANK STOCK The carrying value of our FHLB stock, which is carried at cost, approximates fair value. LOANS AND LEASES HELD-FOR-INVESTMENT The fair value of loans and leases held-for-investment is estimated by discounting the future cash flows using market rates (utilizing both unobservable and certain observable inputs when applicable) at which similar loans would be made to borrowers with similar credit ratings over the estimated remaining maturities. Impaired loans are generally valued at the fair value of the associated collateral. ACCRUED INTEREST RECEIVABLE The carrying amount approximates fair value. INVESTMENT MANAGEMENT FEES RECEIVABLE The carrying amount approximates fair value. BANK OWNED LIFE INSURANCE The fair value of general account BOLI is based on the insurance contract net cash surrender value. OTHER REAL ESTATE OWNED OREO is carried at fair valued less estimated selling costs. DEPOSITS The fair value of demand deposits is the amount payable on demand as of the reporting date, i.e., their carrying amounts. The fair value of fixed maturity deposits is estimated using a discounted cash flow calculation that applies the rates currently offered for deposits of similar remaining maturities. BORROWINGS The fair value of borrowings is calculated by discounting scheduled cash flows through the estimated maturity using period end market rates for borrowings of similar remaining maturities. INTEREST RATE SWAPS The fair value of interest rate swaps is estimated through the assistance of an independent third party and compared to the fair value determined by the swap counterparty to establish reasonableness. OFF-BALANCE SHEET INSTRUMENTS Fair values for the Company’s off-balance sheet instruments, which consist of lending commitments, standby letters of credit and risk participation agreements related to interest rate swap agreements, are based on fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the counterparties’ credit standing. Management believes that the fair value of these off-balance sheet instruments is not significant.

Changes in Accumulated Other Co

Changes in Accumulated Other Comprehensive Income (Loss)	12 Months Ended
	Dec. 31, 2021
Equity [Abstract]
CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The following table shows the changes in accumulated other comprehensive income (loss) net of tax, for the years ended December 31, 2021, 2020 and 2019: Years Ended December 31, 2021 2020 2019 (Dollars in thousands) Debt Securities Derivatives Total Debt Securities Derivatives Total Debt Securities Derivatives Total Balance, beginning of period $ 3,834 $ (6,531) $ (2,697) $ 2,756 $ (1,624) $ 1,132 $ (2,363) $ 1,032 $ (1,331) Change in unrealized holding gains (losses) (6,041) 2,826 (3,215) 3,997 (6,981) (2,984) 5,356 (1,701) 3,655 Losses (gains) reclassified from other comprehensive income (178) 2,666 2,488 (2,919) 2,074 (845) (237) (955) (1,192) Net other comprehensive income (loss) (6,219) 5,492 (727) 1,078 (4,907) (3,829) 5,119 (2,656) 2,463 Balance, end of period $ (2,385) $ (1,039) $ (3,424) $ 3,834 $ (6,531) $ (2,697) $ 2,756 $ (1,624) $ 1,132

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2021
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONSCertain directors of the Company have loan accounts with the Bank. Such loans were made in the ordinary course of business on substantially the same terms, including interest rates, as those prevailing at the time for comparable transactions with outsiders. As of December 31, 2021, the Bank had one director with five loans outstanding totaling $28.1 million. From time to time, the Bank obtains services from affiliated companies of certain directors in the normal course of business. These services cumulatively totaled approximately $650,000 for the three years ended December 31, 2021, 2020 and 2019, were negotiated at arm’s length, reflected market pricing and were de minimis to the Company’s cost of operations. In addition, an affiliated entity represented the Company in its efforts to obtain office space and was compensated by the third party lessors.

Contingent Liabilities

Contingent Liabilities	12 Months Ended
	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
CONTINGENT LIABILITIES	CONTINGENT LIABILITIES Following the public announcement of the Agreement and Plan of Merger (the “Merger Agreement”) dated as of October 20, 2021, among the Company, Raymond James Financial, Inc. (“Raymond James”), Macaroon One LLC (“Merger Sub 1”) and Macaroon Two LLC (“Merger Sub 2”), six lawsuits were filed by purported stockholders of the Company against the Company and the members of the Company’s board of directors. Each complaint contains allegations contending, among other things, that the proxy statement/prospectus contained within the Registration Statement on Form S-4 filed in connection with the proposed mergers failed to disclose certain allegedly material information in violation of federal securities laws. The complaints seek injunctive relief enjoining the mergers, attorneys’ and experts’ fees, and other remedies. The outcome of the pending and any additional future litigation is uncertain. If any case is not resolved, the lawsuit(s) could prevent or delay completion of the mergers and result in substantial costs to Raymond James and the Company, including any costs associated with the indemnification of directors and officers. One of the conditions to the closing of the mergers is the absence of any order, injunction, law, regulation or other legal restraints preventing, prohibiting or making illegal the completion of the mergers or any other transactions contemplated by the Merger Agreement. As such, if plaintiffs are successful in obtaining an injunction prohibiting the completion of the mergers on the agreed-upon terms, then such injunction may prevent the mergers from being completed, or from being completed within the expected timeframe. The defense or settlement of any lawsuit or claim that remains unresolved at the time the mergers are completed may adversely affect the combined company’s business, financial condition, results of operations and cash flows. From time to time the Company is party to various litigation matters incidental to the conduct of its business. The Company is not aware of any other material unasserted claims. In the opinion of management, there are no other potential claims that could have a material adverse effect on the Company’s financial position, liquidity or results of operations.

Condensed Parent Company Only F

Condensed Parent Company Only Financial Statements	12 Months Ended
	Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract]
CONDENSED PARENT COMPANY ONLY FINANCIAL STATEMENTS	CONDENSED PARENT COMPANY ONLY FINANCIAL STATEMENTS The following condensed statements of financial condition of the parent company as of December 31, 2021 and 2020, and the related condensed statements of income and cash flows for the years ended December 31, 2021, 2020 and 2019, should be read in conjunction with our Consolidated Financial Statements and related notes: CONDENSED STATEMENTS OF FINANCIAL CONDITION PARENT COMPANY ONLY December 31, (Dollars in thousands) 2021 2020 ASSETS Cash and cash equivalents $ 27,936 $ 31,856 Equity securities 4,975 — Investment in subsidiaries 1,024,016 821,719 Prepaid expenses and other assets 5,519 6,604 Total assets $ 1,062,446 $ 860,179 LIABILITIES AND SHAREHOLDERS’ EQUITY Borrowings, net $ 220,163 $ 100,493 Other accrued expenses and other liabilities 5,561 2,541 Shareholders’ equity 836,722 757,145 Total liabilities and shareholders’ equity $ 1,062,446 $ 860,179 CONDENSED STATEMENTS OF INCOME PARENT COMPANY ONLY Years Ended December 31, (Dollars in thousands) 2021 2020 2019 Interest income $ 37 $ 43 $ 219 Dividends received from subsidiaries 5,000 7,005 13,000 Total interest and dividend income 5,037 7,048 13,219 Interest expense 6,086 3,855 1,159 Net interest income (1,049) 3,193 12,060 Non-interest income (loss) (25) — 842 Non-interest expense 6,518 3,576 1,081 Income (loss) before income taxes and undisbursed income of subsidiaries (7,592) (383) 11,821 Income tax expense (2,628) (1,226) (467) Income (loss) before undisbursed income of subsidiaries (4,964) 843 12,288 Undisbursed income of subsidiaries 83,024 44,391 47,905 Net income $ 78,060 $ 45,234 $ 60,193 CONDENSED STATEMENTS OF CASH FLOWS PARENT COMPANY ONLY Years Ended December 31, (Dollars in thousands) 2021 2020 2019 Cash Flows from Operating Activities: Net income $ 78,060 $ 45,234 $ 60,193 Adjustments to reconcile net income to net cash provided by operating activities: Undisbursed income of subsidiaries (83,024) (44,391) (47,905) Net loss (gain) on equity securities 25 — (842) Amortization of deferred financing costs 215 144 84 Stock-based compensation expense 290 317 — Increase (decrease) in accrued interest payable 117 716 (1,005) Decrease (increase) in other assets 1,085 (1,334) 1,539 Increase (decrease) in other liabilities 2,903 838 (2,269) Net cash provided by operating activities (329) 1,524 9,795 Cash Flows from Investing Activities: Purchase of equity securities (5,000) — — Sale of equity securities — — 13,679 Net payments for investments in subsidiaries (120,000) (171,944) (43,000) Net cash used in investing activities (125,000) (171,944) (29,321) Cash Flows from Financing Activities: Net proceeds from issuance of senior and subordinated notes payable 124,455 95,349 — Repayment of subordinated debt — — (35,000) Net proceeds from issuance of stock — 100,002 77,611 Proceeds from line of credit advances 15,200 40,000 — Repayment of line of credit advances (20,200) (35,000) (4,250) Net proceeds from exercise of stock options 1,273 506 900 Cancellation of stock options — (2,484) — Subsidiary reimbursement for issuance of restricted stock awards 10,736 — — Purchase of treasury stock (2,108) (3,479) (2,312) Dividends paid on preferred stock (7,947) (7,849) (5,753) Net cash provided by financing activities 121,409 187,045 31,196 Net change in cash and cash equivalents (3,920) 16,625 11,670 Cash and cash equivalents at beginning of year 31,856 15,231 3,561 Cash and cash equivalents at end of year $ 27,936 $ 31,856 $ 15,231

Segments

Segments	12 Months Ended
	Dec. 31, 2021
Segment Reporting [Abstract]
SEGMENTS	SEGMENTS The Company operates two reportable segments: Bank and Investment Management. • The Bank segment provides commercial banking services to middle-market businesses and private banking services to high-net-worth individuals through the TriState Capital Bank subsidiary. • The Investment Management segment provides advisory and sub-advisory investment management services primarily to institutional investors, mutual funds and individual investors through the Chartwell subsidiary. It also supports marketing efforts for Chartwell’s proprietary investment products through the CTSC Securities subsidiary. The following tables provide financial information for the two segments of the Company as of and for the years ended December 31, 2021 and 2020. The information provided under the caption “Parent and Other” represents general operating activity of the Company not considered to be a reportable segment, which includes parent company activity as well as eliminations and adjustments that are necessary for purposes of reconciliation to the consolidated amounts. (Dollars in thousands) December 31, 2021 December 31, 2020 Assets: Bank $ 12,926,161 $ 9,819,719 Investment management 86,563 86,150 Parent and other (7,872) (9,053) Total assets $ 13,004,852 $ 9,896,816 Year Ended December 31, 2021 (Dollars in thousands) Bank Investment Parent Consolidated Income statement data: Interest income $ 231,297 $ — $ — $ 231,297 Interest expense 45,889 — 6,049 51,938 Net interest income (loss) 185,408 — (6,049) 179,359 Provision for credit losses 808 — — 808 Net interest income (loss) after provision for credit losses 184,600 — (6,049) 178,551 Non-interest income: Investment management fees — 38,702 (1,248) 37,454 Net gain on the sale and call of debt securities 242 — — 242 Other non-interest income 20,941 34 (25) 20,950 Total non-interest income (loss) 21,183 38,736 (1,273) 58,646 Non-interest expense: Intangible amortization expense — 1,911 — 1,911 Other non-interest expense 107,373 31,939 5,271 144,583 Total non-interest expense 107,373 33,850 5,271 146,494 Income (loss) before tax 98,410 4,886 (12,593) 90,703 Income tax expense (benefit) 14,171 1,100 (2,628) 12,643 Net income (loss) $ 84,239 $ 3,786 $ (9,965) $ 78,060 Year Ended December 31, 2020 (Dollars in thousands) Bank Investment Parent Consolidated Income statement data: Interest income $ 217,095 $ — $ — $ 217,095 Interest expense 75,339 — 3,812 79,151 Net interest income (loss) 141,756 — (3,812) 137,944 Provision for credit losses 19,400 — — 19,400 Net interest income (loss) after provision for credit losses 122,356 — (3,812) 118,544 Non-interest income: Investment management fees — 32,727 (692) 32,035 Net gain on the sale and call of debt securities 3,948 — — 3,948 Other non-interest income 21,164 58 — 21,222 Total non-interest income 25,112 32,785 (692) 57,205 Non-interest expense: Intangible amortization expense — 1,944 — 1,944 Other non-interest expense 90,541 27,735 2,883 121,159 Total non-interest expense 90,541 29,679 2,883 123,103 Income (loss) before tax 56,927 3,106 (7,387) 52,646 Income tax expense (benefit) 8,330 308 (1,226) 7,412 Net income (loss) $ 48,597 $ 2,798 $ (6,161) $ 45,234 Year Ended December 31, 2019 (Dollars in thousands) Bank Investment Parent Consolidated Income statement data: Interest income $ 262,332 $ — $ 115 $ 262,447 Interest expense 134,336 — 1,054 135,390 Net interest income (loss) 127,996 — (939) 127,057 Provision (credit) for loan losses (968) — — (968) Net interest income (loss) after provision for loan losses 128,964 — (939) 128,025 Non-interest income: Investment management fees — 36,889 (447) 36,442 Net loss on the sale and call of debt securities 416 — — 416 Other non-interest income 15,051 31 842 15,924 Total non-interest income 15,467 36,920 395 52,782 Non-interest expense: Intangible amortization expense — 2,009 — 2,009 Other non-interest expense 77,945 31,560 635 110,140 Total non-interest expense 77,945 33,569 635 112,149 Income (loss) before tax 66,486 3,351 (1,179) 68,658 Income tax expense (benefit) 8,015 918 (468) 8,465 Net income (loss) $ 58,471 $ 2,433 $ (711) $ 60,193

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTSOn January 21, 2022, the Board declared a dividend payable of approximately $679,000, or $0.42 per depositary share, on the Series A Preferred Stock and a dividend payable of approximately $1.3 million, or $0.40 per depository share, on the Company’s Series B Preferred Stock each of which is payable on April 1, 2022, to preferred shareholders of record as of the close of business on March 15, 2022. The Board also declared a dividend payable of 11 shares of the Company’s Series C Preferred Stock and cash in the amount of $71,125, which is payable on April 1, 2022, to preferred shareholders of record of the Series C Preferred Stock as of the close of business on March 15, 2022. On February 18, 2022, the Company renewed its $75.0 million unsecured line of credit with The Huntington National Bank which matures on February 18, 2023.

Basis of Information and Summ_2

Basis of Information and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Nature of operation	NATURE OF OPERATION TriState Capital Holdings, Inc. (“we,” “us,” “our,” the “holding company,” the “parent company,” or the “Company”) is a registered bank holding company pursuant to the Bank Holding Company Act of 1956, as amended. The Company has three wholly owned subsidiaries: TriState Capital Bank, a Pennsylvania-chartered state bank (the “Bank”); Chartwell Investment Partners, LLC, a registered investment adviser (“Chartwell”); and Chartwell TSC Securities Corp., a registered broker-dealer (“CTSC Securities”). The Bank was established to serve the commercial banking needs of middle-market businesses and financial services providers and focused private banking needs of high-net-worth individuals nation-wide. The Bank has two wholly owned subsidiaries: TSC Equipment Finance LLC (“TSC Equipment Finance”), established to hold and manage loans and leases of our equipment finance business, and Meadowood Asset Management, LLC (“Meadowood”), established to hold and manage other real estate owned by the Bank and/or foreclosed properties for the Bank. Chartwell provides investment management services primarily to institutional investors, mutual funds and individual investors. CTSC Securities supports marketing efforts for the proprietary investment products provided by Chartwell, including shares of mutual funds advised and/or administered by Chartwell. The Company and the Bank are subject to regulatory examination and supervision by the Federal Deposit Insurance Corporation (“FDIC”), the Pennsylvania Department of Banking and Securities and the Board of Governors of the Federal Reserve System (“Federal Reserve”). Since the Bank’s consolidated total assets exceeded $10 billion for four consecutive quarters as of December 31, 2021, the Company and the Bank are subject to the regulatory examination and supervision of the Consumer Financial Protection Bureau (“CFPB”) with respect to certain consumer protection laws. Chartwell is a registered investment adviser regulated by the Securities and Exchange Commission (“SEC”). CTSC Securities is regulated by the SEC and the Financial Industry Regulatory Authority, Inc. (“FINRA”). The Bank conducts business through its main office located in Pittsburgh, Pennsylvania, as well as its four additional representative offices in Cleveland, Ohio; Philadelphia, Pennsylvania; Edison, New Jersey; and New York, New York. Chartwell conducts business through its office located in Berwyn, Pennsylvania, and CTSC Securities conducts business through its office located in Pittsburgh, Pennsylvania. On October 20, 2021, the Company announced that it entered into a definitive agreement under which Raymond James Financial, Inc. (“Raymond James”) will acquire the outstanding shares of stock of the Company for consideration that is a combination of cash and Raymond James stock at a fixed exchange rate, valued in aggregate at approximately $1.10 billion based on the trading value of Raymond James’ stock on the announcement date. The acquisition is subject to customary closing conditions, including regulatory approvals, and is expected to close in 2022.
Use of estimates	USE OF ESTIMATES The preparation of financial statements in conformity with generally accepted accounting principles in the United States (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of certain assets and liabilities, disclosure of contingent assets and liabilities as of the date of the financial statements, and the reported amounts of related revenues and expenses during the reporting period. Although our current estimates contemplate current conditions and how we expect them to change in the future, it is reasonably possible that actual conditions could be different than those anticipated in the estimates, which could materially affect the financial results of our operations and financial condition. Material estimates that are particularly susceptible to significant changes relate to the determination of the allowance for credit losses on loans and leases, valuation of goodwill and other intangible assets and their evaluation for impairment, fair value measurements and deferred income taxes and their related recoverability, each of which is discussed later in this section.
Consolidation	CONSOLIDATION Our consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries, the Bank, Chartwell and CTSC Securities, after elimination of inter-company accounts and transactions. The accounts of the Bank, in turn, include its wholly owned subsidiaries, TSC Equipment Finance and Meadowood, after elimination of inter-company accounts and transactions. In the opinion of management, all adjustments (consisting of normal, recurring adjustments) and disclosures, considered necessary for the fair presentation of the accompanying consolidated financial statements, have been included.
Cash and cash equivalents	CASH AND CASH EQUIVALENTS For purposes of reporting cash flows, the Company has defined cash and cash equivalents as cash, interest-earning deposits with other institutions, federal funds sold and short-term investments that have an original maturity of 90 days or less. Under agreements with certain of its derivative counterparties, the Company is required to maintain minimum cash collateral posting thresholds with such counterparties. The cash subject to these agreements is considered restricted for these purposes.
Business combinations	BUSINESS COMBINATIONS The Company accounts for business combinations using the acquisition method of accounting. Under this method of accounting, the acquired company’s net assets are recorded at fair value as of the date of acquisition, and the results of operations of the acquired company are combined with our results from that date forward. Acquisition costs are expensed when incurred. The difference between the purchase price, which includes an initial measurement of any contingent earn out, and the fair value of the net assets acquired (including identified intangibles) is recorded as goodwill in the consolidated statements of financial condition. A change in the initial estimate of any contingent earn out amount is recorded to non-interest expense in the consolidated statements of income.
Investment securities	INVESTMENT SECURITIES The Company’s investments are classified as either: (1) held-to-maturity, which are debt securities that the Company intends to hold until maturity and are reported at amortized cost, net of allowance for credit losses; (2) trading, which are debt securities bought and held principally for the purpose of selling them in the near term and are reported at fair value, with unrealized gains and losses included in non-interest income; (3) available-for-sale, which are debt securities not classified as either held-to-maturity or trading securities and are reported at fair value, with unrealized gains and losses reported as a component of accumulated other comprehensive income (loss), on an after-tax basis; or (4) equity securities, which are reported at fair value, with unrealized gains and losses included in non-interest income. The cost of securities sold is determined on a specific identification basis. Amortization of premiums and accretion of discounts are recorded to interest income on investments over the estimated life of the security utilizing the level yield method. Management evaluates expected credit losses on held-to-maturity debt securities on a collective or pool basis, by investment category and credit rating. The Company measures credit losses by comparing the present value of cash flows expected to be collected to the amortized cost of the security considering historical credit loss information, adjusted for current conditions and reasonable and supportable economic forecasts. The Company’s investment securities can be classified into the following pools based on similar risk characteristics: (1) U.S. government agencies, (2) state and local municipalities, (3) domestic corporations, including trust preferred securities, and (4) non-agency securitizations. The Company’s U.S. government agency securities are issued by U.S. government entities and agencies and are either explicitly or implicitly guaranteed by the U.S. government, are highly rated by major rating agencies and have a long history of no credit losses. For the remaining pools of securities, the credit rating of the issuers, the investment’s cash flow characteristics and the underlying instruments securitizing certain bonds are the most relevant risk characteristics of the investment portfolio. The Company’s investment policy only allows for purchases of investments with investment grade credit ratings and the Company continuously monitors for changes in credit ratings. Probability of default and loss given default rates are based on historical averages for each investment pool, adjusted to reflect the impact of a single, forward-looking forecast of certain macroeconomic variables, such as unemployment rates and interest rate spreads, which management considers to be both reasonable and supportable. The forecast of these macroeconomic variables is applied over a period of three years and reverts to historical averages over a two-year reversion period. Management evaluates available-for-sale debt securities in an unrealized loss position quarterly for expected credit losses. Management first determines whether it intends to sell or if it is more likely than not that it will be required to sell the impaired securities. This determination considers current and forecasted liquidity requirements, regulatory and capital requirements, and securities portfolio management. If the Company intends to sell an available-for-sale security with a fair value below amortized cost or if it is more likely than not that it will be required to sell such a security before recovery, the security’s amortized cost is written down to fair value through current period earnings. For available-for-sale debt securities that the Company does not intend to sell or it is more likely than not that it will not be required to sell before recovery, a provision for credit losses is recorded through current period earnings for the amount of the valuation decline below amortized cost that is attributable to credit losses. Management considers the extent to which fair value is less than amortized cost, credit ratings and other factors related to the security in assessing whether credit loss exists. The Company measures credit loss by comparing the present value of cash flows expected to be collected to the amortized cost of the security. An allowance for credit losses is measured by the difference that the present value of cash flows expected to be collected is less than the amortized cost basis, limited by the amount that the fair value is less than the amortized cost. The remaining difference between the security’s fair value and amortized cost (that is, the decline in fair value not attributable to credit losses) is recognized in other comprehensive income (loss), in the consolidated statements of comprehensive income and the shareholders’ equity section of the consolidated statements of financial condition, on an after-tax basis. Changes in the allowance for credit losses are recorded as provision for credit losses. Losses are charged against the allowance when management believes the security is uncollectible or management intends to sell or is required to sell the security. The recognition of interest income on a debt security is discontinued when any principal or interest payment becomes 90 days past due, at which time the debt security is placed on non-accrual status. All accrued and unpaid interest on such debt security is then reversed. Accrued interest receivable is excluded from the estimate of expected credit losses.
Federal home loan bank stock	FEDERAL HOME LOAN BANK STOCK The Bank is a member of the Federal Home Loan Bank (“FHLB”) of Pittsburgh. Member institutions are required to invest in FHLB stock. The stock is carried at cost, which approximates its liquidation value, and it is evaluated for impairment based on the ultimate recoverability of the par value. The following matters are considered by management when evaluating the FHLB stock for impairment: the ability of the FHLB to make payments required by law or regulation and the level of such payments in relation to the operating performance of the FHLB; the impact of legislative and regulatory changes on the institution and its customer base; and the Company’s intent and ability to hold its FHLB stock for the foreseeable future. Management believes the Company’s holdings in the FHLB stock were recoverable at par value as of December 31, 2021 and 2020. Cash and stock dividends are reported as interest income on investments in the consolidated statements of income.
Loans and leases	LOANS AND LEASES Loans and leases held-for-investment are stated at amortized cost. Amortized cost is the unpaid principal balance, net of deferred loan fees and costs. Loans held-for-sale are stated at the lower of cost or fair value. Interest income on loans is accrued at the contractual rate on the principal amount outstanding. Deferred loan fees and costs are amortized to interest income over the estimated life of the loan, taking into consideration scheduled payments and prepayments. The Company considers a loan to be a troubled debt restructuring (“TDR”) when there is a concession made to a financially troubled borrower without adequate consideration provided to the Company. The Company evaluates any loan reasonably expected to become a TDR, regardless of whether the loan is on accrual or non-accrual status. Once a loan is deemed to be a TDR, the Company considers whether the loan should be placed on non-accrual status. In assessing accrual status, the Company considers the likelihood that repayment and performance according to the original contractual terms will be achieved, as well as the borrower’s historical payment performance. A loan is designated and reported as a TDR until such loan is either paid off or sold unless the restructuring agreement specifies an interest rate equal to or greater than the rate that would be accepted at the time of the restructuring for a new loan with comparable risk and it is fully expected that the remaining principal and interest will be collected according to the restructured agreement. The recognition of interest income on a loan is discontinued when, in management’s opinion, it is probable the borrower is unable to meet payments as they become due or when the loan becomes 90 days past due, whichever occurs first, at which time the loan is placed on non-accrual status. All accrued and unpaid interest on such loans is then reversed. The interest ultimately collected is applied to reduce principal if there is doubt about the collectability of principal. If a borrower brings a loan current for which accrued interest has been reversed, then the recognition of interest income on the loan is resumed once the loan has been current for a period of six The Company is a party to financial instruments with off-balance sheet risk, such as commitments to extend credit, in the normal course of business to meet the financing needs of its customers. Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the lending agreement with such customer. Commitments generally have fixed expiration dates or other termination clauses (e.g., loans due on demand) and may require payment of a fee. Since some of the commitments are expected to expire without being drawn upon, the unfunded commitment amount does not necessarily represent future cash requirements. The Company evaluates each customer’s creditworthiness on a case-by-case basis using the same credit policies in making commitments and conditional obligations as it does for on-balance sheet instruments. The amount of collateral obtained, if deemed necessary by the Company upon extension of a commitment, is based on management’s credit evaluation of the borrower.
Other real estate owned	OTHER REAL ESTATE OWNED Real estate owned, other than bank premises, is recorded at fair value less estimated selling costs. Fair value is determined based on an independent appraisal. Expenses related to holding the property are charged against earnings when incurred. Depreciation is not recorded on other real estate owned (“OREO”) properties.
Allowance for credit losses on loans and leases	ALLOWANCE FOR CREDIT LOSSES ON LOANS AND LEASES The allowance for credit losses is a valuation account that is deducted from the amortized cost of loans and leases to present management’s best estimate of the net amount expected to be collected. Adjustments to the allowance for credit losses are established through provisions for credit losses that are recorded in the consolidated statements of income. Loans and leases are charged off against the allowance for credit losses when management believes that the principal is uncollectible. If, at a later time, amounts are recovered with respect to loans and leases previously charged off, the recovered amount is credited to allowance for credit losses. Accrued interest receivable is excluded from the estimate of expected credit losses. The allowance for credit losses represents estimates of expected credit losses for homogeneous loan pools that share similar risk characteristics such as commercial and industrial (“C&I”) loans and leases, commercial real estate (“CRE”) loans, and private banking loans which include consumer lines of credit and residential mortgages. The Company periodically reassesses each loan pool to ensure that the loans within the pool continue to share similar risk characteristics. Non-accrual loans and loans designated as TDRs, are assessed individually using a discounted cash flows method or, where a loan is collateral dependent, based upon the fair value of the collateral less estimated selling costs. The collateral on our private banking loans that are secured by cash, marketable securities and/or cash value life insurance are monitored daily and requires borrowers to continually replenish such collateral as a result of changes in its fair value. Therefore, it is expected that the fair value of the collateral value securing each loan will exceed the loan’s amortized cost and no allowance for credit losses would be required under Accounting Standard Codification (“ASC”) 326-20-35-6 “Financial Assets Secured by Collateral Maintenance Provisions.” In estimating the general allowance for credit losses for loans evaluated on a collective or pool basis, management considers past events, current conditions, and reasonable and supportable economic forecasts, including historical charge-offs and subsequent recoveries. Management also considers qualitative factors that influence our credit quality, including, but not limited to, delinquency and non-performing loan trends, changes in loan underwriting guidelines and credit policies, and the results of internal loan reviews. Finally, management considers the impact of changes in current and forecasted local and regional economic conditions in the markets that we serve. Management bases the computation of the general allowance for credit losses on two factors: the primary factor and the secondary factor. The primary factor is based on the inherent risk identified by management within each of the Company’s three loan portfolios based on the historical loss experience of each loan portfolio. Management has developed a methodology that is applied to each of the three primary loan portfolios: C&I loans and leases, CRE loans and private banking loans (other than those secured by cash, marketable securities and/or cash value life insurance). For each portfolio, management estimates expected credit losses over the life of each loan utilizing lifetime or cumulative loss rate methodology, which identifies macroeconomic factors and asset-specific characteristics that are correlated with credit loss experience, including loan age, loan type, leverage, risk rating, interest rate spread and industry. The lifetime loss rate is applied to the amortized cost of the loan. This methodology builds on default and recovery probabilities by utilizing pool-specific historical loss rates to calculate expected credit losses. These pool-specific historical loss rates may be adjusted for a forecast of certain macroeconomic variables, as further discussed below, and other factors such as differences in underwriting standards, portfolio mix, or when historical asset terms do not reflect the contractual terms of the financial assets being evaluated as of the measurement date. Each time the Company measures expected credit losses, the Company assesses the relevancy of historical loss information and considers any necessary adjustments to address any differences in asset-specific characteristics. The allowance represents management’s current estimate of expected credit losses in the loan and lease portfolio. Expected credit losses are estimated over the contractual term of the loans, which includes extension or renewal options that are not unconditionally cancellable by the Company and are adjusted for expected prepayments when appropriate. Management’s judgment takes into consideration past events, current conditions and reasonable and supportable economic forecasts including general economic conditions, diversification and seasoning of the loan portfolio, historic loss experience, identified credit problems, delinquency levels and adequacy of collateral. Although management believes it has used the best information available in making such determinations, and that the present allowance for credit losses represents management’s best estimate of current expected credit losses, future adjustments to the allowance may be necessary, and net income may be adversely affected if circumstances differ substantially from the assumptions used in determining the level of the allowance. The lifetime loss rates are estimated by analyzing a combination of internal and external data related to historical performance of each loan pool over a complete economic cycle. Loss rates are based on historical averages for each loan pool, adjusted to reflect the impact of a single, forward-looking forecast of certain macroeconomic variables such as gross domestic product, unemployment rates, corporate bond credit spreads and commercial property values, which management considers to be both reasonable and supportable. The single, forward-looking forecast of these macroeconomic variables is applied over the remaining life of the loan pools. The development of the reasonable and supportable forecast incorporates an assumption that each macroeconomic variable will revert to a long-term expectation starting in years two to four of the forecast and largely completing within the first five years of the forecast. The secondary factor is intended to capture additional risks related to events and circumstances that management believes have an impact on the performance of the loan portfolio that are not considered as part of the primary factor. Although this factor is more subjective in nature, the methodology focuses on internal and external trends in pre-specified categories, or risk factors, and applies a quantitative percentage that drives the secondary factor. Nine risk factors have been identified and each risk factor is assigned an allowance level based on management’s judgment as to the expected impact of each risk factor on each loan portfolio and is monitored on a quarterly basis. As the trend in any risk factor changes, management evaluates the need for a corresponding change to occur in the allowance associated with each respective risk factor to provide the most appropriate estimate of allowance for credit losses on loans and leases. The Company also maintains an allowance for credit losses on off-balance sheet credit exposures for unfunded loan commitments. This allowance is reflected as a component of other liabilities which represents management’s current estimate of expected losses in the unfunded loan commitments. The estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded over its estimated life based on management’s consideration of past events, current conditions and reasonable and supportable economic forecasts. Management tracks the level and trends in unused commitments and takes into consideration the same factors as those considered for purposes of the allowance for credit losses on outstanding loans. Unconditionally cancellable loans are excluded from the calculation of allowance for credit losses on off-balance sheet credit exposures. In 2020, the Company adopted CECL via cumulative effect adjustment (net of tax) by recording a net decrease to retained earnings of $1.7 million as of January 1, 2020. Results for the years ended December 31, 2021 and 2020 are presented under CECL methodology while amounts prior to January 1, 2020 continue to be reported in accordance with ASC Topic 450, Contingencies; and specific reserves based upon ASC Topic 310, Receivables. ASC Topic 450 applies to homogeneous loan pools such as commercial loans, consumer lines of credit and residential mortgages that are not individually evaluated for impairment. ASC Topic 310 is applied to commercial and consumer loans that are individually evaluated for impairment.
Investment management fees	INVESTMENT MANAGEMENT FEES Revenue from contracts with customers is recognized when promised services are delivered to our customers in an amount we expect to receive in exchange for those services (i.e., the transaction price). Payment for the majority of our services is considered to be variable consideration, as the amount of revenue we expect to receive is subject to factors outside of our control, including market conditions. Variable consideration is only included in revenue when amounts are not subject to significant reversal, which is generally when uncertainty around the amount of revenue to be received is resolved. We record deferred revenue from contracts with customers when payment is received prior to the performance of our obligation to the customer. We earn investment management fees for performing portfolio management for retail and institutional clients. Such fees are generally calculated as a percentage of the value of client assets or, for certain pooled assets such as mutual funds, on the net asset value of assets managed. The value of these assets is impacted by market fluctuations and net inflows or outflows of assets. Fees are generally collected quarterly and are based on balances either at the beginning of the quarter or the end of the quarter, or on average balances throughout the quarter. Asset management fees are recognized on a monthly basis (i.e., over time) as the services are performed.
Goodwill and other intangible assets	GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill represents the excess of the cost of an acquisition over the fair value of the net assets acquired. Goodwill is not amortized and is subject to at least annual assessments for impairment by applying a fair value-based test. The Company reviews goodwill annually and again at any quarter-end if a material event occurs during the quarter that may affect goodwill. If goodwill testing is required, an assessment of qualitative factors can be completed before performing a goodwill impairment test. If an assessment of qualitative factors determines it is more likely than not that the fair value of a reporting unit exceeds its carrying amount, then the goodwill impairment test is not required. four
Office properties and equipment	OFFICE PROPERTIES AND EQUIPMENTOffice properties and equipment are stated at cost less accumulated depreciation. Office properties include furniture, fixtures and leasehold improvements. Equipment includes computer equipment and internal use software. Depreciation is computed utilizing the straight-line method over the estimated useful lives of the related assets, except for leasehold improvements, which are amortized over the terms of the respective leases or the estimated useful lives of the improvements, whichever is shorter. Estimated useful lives are dependent upon the nature and condition of the asset and range from three
Operating Leases	OPERATING LEASES The Company is a lessee in noncancellable operating leases, primarily for its office spaces and other office equipment. The Company records operating leases as a right-of-use asset and an offsetting lease liability in the consolidated statements of financial condition at the present value of the unpaid lease payments. The Company generally uses its incremental borrowing rate as the discount rate for operating leases. The right-of-use asset is initially measured at cost, which comprises the initial amount of the lease liability adjusted for lease payments made at or before the lease commencement date, plus any initial direct costs incurred less any lease incentives received. For operating leases, the right-of-use asset is subsequently measured throughout the lease term at the carrying amount of the lease liability, plus initial direct costs, plus (minus) any prepaid (accrued) lease payments, less the unamortized balance of lease incentives received. Lease expense for lease payments is recognized on a straight-line basis over the lease term.
Bank owned life insurance	BANK OWNED LIFE INSURANCE Bank owned life insurance (“BOLI”) policies on certain officers and employees are recorded at net cash surrender value on the consolidated statements of financial condition. Upon termination of a BOLI policy the Company receives the cash surrender value. BOLI benefits are payable to the Company upon the death of the insured. Changes in net cash surrender value are recognized as non-interest income in the consolidated statements of income.
Deposits	DEPOSITS Deposits are stated at principal outstanding. Interest on deposits is accrued and charged to interest expense daily and is paid or credited in accordance with the terms of the respective accounts.
Borrowings	BORROWINGS The Company records FHLB advances, line of credit borrowings, senior notes payable and subordinated notes payable at their principal amount, net of debt issuance costs. Interest expense is recognized based on the coupon rate of the obligations. Costs associated with the acquisition of subordinated notes payable are amortized to interest expense over the expected term of the borrowing.
Income taxes	INCOME TAXES The Company utilizes the asset and liability method of accounting for income taxes. Under this method, deferred tax assets and liabilities are recognized for the tax effects of differences between the financial statement and tax basis of assets and liabilities. Deferred tax assets and liabilities are measured using the enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities with regard to a change in tax rates is recognized in income in the period that includes the enactment date. Management assesses all available evidence to determine the amount of deferred tax assets that are more likely than not to be realized. The available evidence used in connection with the assessments includes taxable income in prior periods, projected taxable income, potential tax planning strategies and projected reversals of deferred tax items. These assessments involve a degree of subjectivity and may undergo significant change. Changes to the evidence used in the assessments could have a material adverse effect on the Company’s results of operations in the period in which they occur. The Company considers uncertain tax positions that it has taken or expects to take on a tax return. Any interest and penalties related to unrecognized tax benefits would be recognized in income tax expense in the consolidated statements of income.
Earnings per common share	EARNINGS PER COMMON SHARE Earnings per common share (“EPS”) is computed using the two-class method. The two-class method is an earnings allocation formula that determines earnings per share for common stock and participating securities, according to dividends and participation rights in undistributed earnings. Under this method, net earnings is reduced by the amount of dividends declared in the current period for common shareholders and participating security holders. The remaining earnings or “undistributed earnings” are allocated between common stock and participating securities to the extent that each security may share in earnings as if all the earnings for the period had been distributed.
Stock-based compensation	STOCK-BASED COMPENSATION The Company accounts for its stock-based compensation awards based on estimated fair values of stock-based awards made to employees and directors. Compensation cost for all stock-based payments is based on the estimated grant-date fair value. The value of the portion of the award that is ultimately expected to vest is included in compensation and employee benefits expense in the consolidated statements of income and recorded as a component of additional paid-in capital. Compensation expense for all awards is recognized on a straight-line basis over the requisite service period for the entire grant.
Derivatives and hedging activities	DERIVATIVES AND HEDGING ACTIVITIES All derivatives are evaluated at inception as to whether or not they are hedging or non-hedging activities. All derivatives are recognized as either assets or liabilities on the consolidated statements of financial condition and measured at fair value. For derivatives designated as fair value hedges, changes in the fair value of the derivative and the hedged item related to the hedged risk are recognized in earnings. Any hedge ineffectiveness would be recognized in the income statement line item pertaining to the hedged item. For derivatives designated as cash flow hedges, changes in fair value of the effective portion of the cash flow hedges are reported in accumulated other comprehensive income (loss). When the cash flows associated with the hedged item are realized, the gain or loss included in accumulated other comprehensive income (loss) is recognized in the consolidated statements of income. The Company also has interest rate derivative positions that are not designated as hedging instruments. Changes in the fair value of derivatives not designated in hedging relationships are recorded directly in earnings. The Company is required to have minimum collateral posting thresholds with certain of its derivative counterparties and this collateral is considered restricted cash.
Fair value measurement	FAIR VALUE MEASUREMENT Fair value is defined as the exchange price that would be received to sell an asset or paid to transfer a liability in a principal or most advantageous market for the asset or liability in an orderly transaction between market participants as of the measurement date, using assumptions market participants would use when pricing such an asset or liability. An orderly transaction assumes exposure to the market for a customary period for marketing activities prior to the measurement date and not a forced liquidation or distressed sale. Fair value measurement and disclosure guidance provides a three-level hierarchy that prioritizes the inputs of valuation techniques used to measure fair value into three broad categories: • Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities. • Level 2 – Observable inputs such as quoted prices for similar assets and liabilities in active markets, quoted prices for similar assets and liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data. • Level 3 – Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. This includes certain pricing models, discounted cash flow methodologies, and similar techniques that use significant unobservable inputs. Fair value must be recorded for certain assets and liabilities every reporting period on a recurring basis or, under certain circumstances, on a non-recurring basis.
Accumulated other comprehensive income (loss)	ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) Unrealized holding gains and the non-credit component of unrealized losses on the Company’s debt securities available-for-sale are included in accumulated other comprehensive income (loss), net of applicable income taxes. Also included in accumulated other comprehensive income (loss) is the remaining unamortized balance of the unrealized holding gains (non-credit losses), net of applicable income taxes, that existed on the transfer date for debt securities reclassified into the held-to-maturity category from the available-for-sale category. Unrealized holding gains (losses) on the effective portion of the Company’s cash flow hedge derivatives are included in accumulated other comprehensive income (loss), net of applicable income taxes, which will be reclassified to interest expense as interest payments are made on the Company’s debt. Income tax effects in accumulated other comprehensive income (loss) are released as investments are sold or mature and as liabilities are extinguished.
Treasury stock	TREASURY STOCK The repurchase of the Company’s common stock is recorded at cost. At the time of reissuance, the treasury stock account is reduced using the average cost method. Gains and losses on the reissuance of common stock are recorded in additional paid-in capital, to the extent additional paid-in capital from any previous net gains on treasury share transactions exists. Any net deficiency is charged to retained earnings.
Reclassification	RECLASSIFICATION Certain items previously reported have been reclassified to conform with the current year’s reporting presentation and are considered immaterial.
Recent accounting developments	RECENT ACCOUNTING DEVELOPMENTS On October 28, 2021, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers. This ASU is effective for annual and interim periods in fiscal years beginning after December 15, 2022 and provides an exception to fair value measurement for revenue contracts acquired in business combinations. Early adoption is permitted. for both interim and annual financial statements that have not yet been issued(or made available for issuance). The Company is currently evaluating the impact of adopting ASU 2021-05 on its consolidated financial statements. In July 2021, the FASB issued ASU 2021-5, Leases (Topic 842): Lessors—Certain Leases with Variable Lease Payments. The amendments are effective for fiscal years beginning after December 15, 2021, for all entities, and for interim periods within those fiscal years for public business entities and interim periods within fiscal years beginning after December 15, 2022, for all other entities. The amendments in this update address stakeholders’ concerns by amending the lease classification requirements for lessors to align them with practice under Topic 840. Lessors should classify and account for a lease with variable lease payments that do not depend on a reference index or a rate as an operating lease if both of the following criteria are met: (1) the lease would have been classified as a sales-type lease or a direct financing lease in accordance with the classification criteria in paragraphs 842-10-25-2 through 25-3; and (2) the lessor would have otherwise recognized a day-one loss. The adoption of this ASU on January 1, 2022 did not have a material impact on the Company’s consolidated financial statements. In April 2021, the FASB issued ASU 2021-04, which included Topic 260: Earnings Per Share. This guidance clarifies and reduces diversity in an issuer’s accounting for modifications or exchanges of freestanding equity-classified written call options (“warrants”) due to a lack of explicit guidance in the FASB Codification. ASU 2021-04 is effective for all entities for fiscal years beginning after December 15, 2021. Early adoption is permitted. The adoption of this ASU on January 1, 2022 did not have a material impact on the Company’s consolidated financial statements. In January 2021, the FASB issued ASU 2021-01 - Reference Rate Reform (Topic 848): Scope. This ASU clarifies the scope of Topic 848 so that derivatives affected by the discounting transition are explicitly eligible for certain optional expedients and exceptions in Topic 848. The amendments in this ASU are elective and apply to all entities that have derivative instruments that use an interest rate for margining, discounting, or contract price alignment that is modified as a result of reference rate reform. The amendments in this ASU are effective immediately for all entities. The adoption of this guidance did not have a material impact on the Company's consolidated financial statements, but the Company will consider this guidance as contracts are transitioned from LIBOR to another reference rate.

Investment Securities (Tables)

Investment Securities (Tables)	12 Months Ended
	Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Schedule of investment securities available-for-sale	Debt securities available-for-sale and held-to-maturity were comprised of the following: December 31, 2021 (Dollars in thousands) Amortized Gross Unrealized Gross Unrealized Allowance for Credit Losses (1) Estimated Debt securities available-for-sale: Corporate bonds $ 145,568 $ 897 $ 273 $ — $ 146,192 Trust preferred securities 13,610 200 183 — 13,627 Non-agency residential mortgage-backed securities 281,282 — 4,164 — 277,118 Agency collateralized mortgage obligations 16,458 42 2 — 16,498 Agency mortgage-backed securities 122,044 32 1,599 — 120,477 Agency debentures 6,732 496 — — 7,228 Municipal bonds 5,189 — 4 — 5,185 Total debt securities available-for-sale $ 590,883 $ 1,667 $ 6,225 $ — $ 586,325 (1) Available-for-sale debt securities are recorded on the statement of financial condition at estimated fair value, which includes allowance for credit losses, if applicable. December 31, 2020 (Dollars in thousands) Amortized Gross Unrealized Gross Unrealized Allowance for Credit Losses (1) Estimated Debt securities available-for-sale: Corporate bonds $ 157,452 $ 1,538 $ 526 $ — $ 158,464 Trust preferred securities 18,228 57 198 — 18,087 Agency collateralized mortgage obligations 22,058 36 5 — 22,089 Agency mortgage-backed securities 406,741 3,595 209 — 410,127 Agency debentures 8,013 790 — — 8,803 Total debt securities available-for-sale $ 612,492 $ 6,016 $ 938 $ — $ 617,570 (1) Available-for-sale debt securities are recorded on the statement of financial condition at estimated fair value, which includes allowance for credit losses, if applicable.
Schedule of investment securities held-to-maturity	December 31, 2021 (Dollars in thousands) Amortized Gross Unrealized Gross Unrealized Estimated Allowance for Credit Losses (1) Debt securities held-to-maturity: U.S. treasury notes $ 39,097 $ 12 $ 443 $ 38,666 $ — Corporate bonds 25,167 827 16 25,978 71 Agency debentures 36,794 534 395 36,933 — Municipal bonds 890 1 — 891 — Non-agency residential mortgage-backed securities 184,731 1 3,088 181,644 65 Agency mortgage-backed securities 516,033 570 8,753 507,850 — Total debt securities held-to-maturity $ 802,712 $ 1,945 $ 12,695 $ 791,962 $ 136 (1) Held-to-maturity debt securities are recorded on the statement of financial condition at amortized cost, net of allowance for credit losses. December 31, 2020 (Dollars in thousands) Amortized Gross Unrealized Gross Unrealized Estimated Allowance for Credit Losses (1) Debt securities held-to-maturity: Corporate bonds $ 28,672 $ 566 $ 1 $ 29,237 $ 79 Agency debentures 48,130 1,051 — 49,181 — Municipal bonds 6,577 45 — 6,622 — Non-agency residential mortgage-backed securities 124,152 237 217 124,172 70 Agency mortgage-backed securities 4,309 778 — 5,087 — Total debt securities held-to-maturity $ 211,840 $ 2,677 $ 218 $ 214,299 $ 149 (1) Held-to-maturity debt securities are recorded on the statement of financial condition at amortized cost, net of allowance for credit losses.
Interest income on investment securities	Interest income on investment securities was as follows: Years Ended December 31, (Dollars in thousands) 2021 2020 2019 Taxable interest income $ 14,801 $ 12,707 $ 14,558 Non-taxable interest income 115 227 381 Dividend income 613 1,098 1,385 Total interest income on investments $ 15,529 $ 14,032 $ 16,324
Schedule of contractual maturities of debt securities	As of December 31, 2021, the contractual maturities of the debt securities were: December 31, 2021 Available-for-Sale Held-to-Maturity (Dollars in thousands) Amortized Estimated Amortized Estimated Due in less than one year $ 27,500 $ 27,536 $ 890 $ 891 Due from one to five years 60,144 60,675 15,167 15,556 Due from five to 10 years 62,680 62,819 94,514 94,574 Due after 10 years 440,559 435,295 692,141 680,941 Total debt securities $ 590,883 $ 586,325 $ 802,712 $ 791,962
Schedule of proceeds and realized gains and losses from investments securities	Proceeds from the sale and call of debt securities available-for-sale and held-to-maturity and related gross realized gains and losses were: Available-for-Sale Held-to-Maturity Years Ended December 31, Years Ended December 31, (Dollars in thousands) 2021 2020 2019 2021 2020 2019 Proceeds from sales $ 126,577 $ 120,400 $ 6,993 $ — $ — $ — Proceeds from calls 13,000 11,426 17,336 147,757 398,248 255,538 Total proceeds $ 139,577 $ 131,826 $ 24,329 $ 147,757 $ 398,248 $ 255,538 Gross realized gains $ 235 $ 3,846 $ 312 $ 27 $ 102 $ 104 Gross realized losses 1 — — 19 — — Net realized gains (losses) $ 234 $ 3,846 $ 312 $ 8 $ 102 $ 104
Schedule of debt securities, held-to-maturity, allowance for credit loss	Changes in the allowance for credit losses on held-to-maturity securities were as follows for the years ended December 31, 2021 and 2020: Year Ended December 31, 2021 (Dollars in thousands) Corporate Non-agency Municipal Agency Debentures and U.S. Treasury Total Balance, beginning of period $ 79 $ 70 $ — $ — $ — $ 149 Provision (credit) for credit losses (8) (5) — — — (13) Charge-offs — — — — — — Recoveries — — — — — — Balance, end of period $ 71 $ 65 $ — $ — $ — $ 136 Year Ended December 31, 2020 (Dollars in thousands) Corporate Non-agency Securitizations Municipal Agency Debentures and Securitizations U.S. Treasury Notes Total Balance, beginning of period $ — $ — $ — $ — $ — $ — Impact of adopting CECL 49 — — — — 49 Provision for credit losses 30 70 — — — 100 Charge-offs — — — — — — Recoveries — — — — — — Balance, end of period 79 70 — — — 149
Schedule of fair value and gross unrealized losses on investment equity securities	The following tables show the fair value and gross unrealized losses debt securities available-for-sale, by investment category and length of time that the individual securities have been in a continuous unrealized loss position as of December 31, 2021 and 2020: December 31, 2021 Less than 12 Months 12 Months or More Total (Dollars in thousands) Fair value Unrealized losses Fair value Unrealized losses Fair value Unrealized losses Debt securities available-for-sale: Corporate bonds 20,191 118 11,808 155 31,999 273 Trust preferred securities 2,046 76 2,270 107 4,316 183 Non-agency residential mortgage-backed securities 277,118 4,164 — — 277,118 4,164 Agency collateralized mortgage obligations 1,600 2 — — 1,600 2 Agency mortgage-backed securities 119,320 1,599 89 — 119,409 1,599 Municipal bonds 5,185 4 — — 5,185 4 Temporarily impaired debt securities available-for-sale (1) $ 425,460 $ 5,963 $ 14,167 $ 262 $ 439,627 $ 6,225 (1) The number of investment positions with unrealized losses totaled 39 for available-for-sale securities. December 31, 2020 Less than 12 Months 12 Months or More Total (Dollars in thousands) Fair value Unrealized losses Fair value Unrealized losses Fair value Unrealized losses Debt securities available-for-sale: Corporate bonds $ 28,796 $ 277 $ 9,751 $ 249 $ 38,547 $ 526 Trust preferred securities 13,313 198 — — 13,313 198 Agency collateralized mortgage obligations — — 9,863 5 9,863 5 Agency mortgage-backed securities 89,931 209 — — 89,931 209 Temporarily impaired debt securities available-for-sale (1) $ 132,040 $ 684 $ 19,614 $ 254 $ 151,654 $ 938 (1) The number of investment positions with unrealized losses totaled 33 for available-for-sale securities.
Schedule of debt securities, held-to-maturity, credit quality indicator	The Company monitors the credit quality of debt securities held-to-maturity including credit ratings quarterly. The following tables present the amortized costs basis of debt securities held-to-maturity by Moody’s bond credit rating. December 31, 2021 (Dollars in thousands) Aaa Aa A Baa Ba Total Debt securities held-to-maturity: U.S. treasury notes $ 39,097 $ — $ — $ — $ — $ 39,097 Corporate Bonds — — — 25,167 — 25,167 Agency debentures 36,794 — — — — 36,794 Municipal bonds — 480 410 — — 890 Non-agency residential mortgage-backed securities 184,731 — — — — 184,731 Agency mortgage-backed securities 516,033 — — — — 516,033 Total debt securities held-to-maturity $ 776,655 $ 480 $ 410 $ 25,167 $ — $ 802,712

Loans and Leases (Tables)

Loans and Leases (Tables)	12 Months Ended
	Dec. 31, 2021
Receivables [Abstract]
Schedule of loans receivable	Loans and leases held-for-investment were comprised of the following: December 31, 2021 (Dollars in thousands) Private Commercial Commercial Total Loans and leases held-for-investment, before deferred fees and costs $ 6,870,961 $ 1,509,418 $ 2,369,335 $ 10,749,714 Net deferred loan costs (fees) 15,537 4,005 (5,932) 13,610 Loans and leases held-for-investment, net of deferred fees and costs 6,886,498 1,513,423 2,363,403 10,763,324 Allowance for credit losses on loans and leases (1,891) (8,453) (18,219) (28,563) Loans and leases held-for-investment, net $ 6,884,607 $ 1,504,970 $ 2,345,184 $ 10,734,761 December 31, 2020 (Dollars in thousands) Private Commercial Commercial Total Loans and leases held-for-investment, before deferred fees and costs $ 4,797,881 $ 1,269,248 $ 2,160,784 $ 8,227,913 Net deferred loan costs (fees) 9,919 4,904 (5,318) 9,505 Loans and leases held-for-investment, net of deferred fees and costs 4,807,800 1,274,152 2,155,466 8,237,418 Allowance for credit losses on loans and leases (2,047) (5,254) (27,329) (34,630) Loans and leases held-for-investment, net $ 4,805,753 $ 1,268,898 $ 2,128,137 $ 8,202,788

Allowance for Credit Losses o_2

Allowance for Credit Losses on Loans and Leases (Tables)	12 Months Ended
	Dec. 31, 2021
Allowance for Credit Losses and Leases [Abstract]
Schedule of loans by credit quality indicator	The following table presents the amortized cost of loans by portfolio, risk rating and year of origination: As of December 31, 2021 (Dollars in thousands) 2021 2020 2019 2018 2017 Prior Revolving Loans (1) Total Private Banking: Pass $ 21,365 $ 57,722 $ 29,935 $ 54,082 $ 7,121 $ 50,545 $ 6,665,728 $ 6,886,498 Special mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total private banking loans 21,365 57,722 29,935 54,082 7,121 50,545 6,665,728 6,886,498 Commercial and Industrial: Pass 240,980 156,216 186,879 55,729 39,523 25,328 787,778 1,492,433 Special mention — 1,353 — — — 138 3,826 5,317 Substandard — — 1,757 — 578 41 8,984 11,360 Doubtful — 375 — 3,938 — — — 4,313 Total commercial and industrial loans 240,980 157,944 188,636 59,667 40,101 25,507 800,588 1,513,423 Commercial Real Estate: Pass 572,630 512,139 454,762 333,477 187,090 251,809 35,617 2,347,524 Special mention — — — — — 2,288 — 2,288 Substandard — 261 5,395 621 — 7,314 — 13,591 Doubtful — — — — — — — — Total commercial real estate loans 572,630 512,400 460,157 334,098 187,090 261,411 35,617 2,363,403 Loans and leases held-for-investment $ 834,975 $ 728,066 $ 678,728 $ 447,847 $ 234,312 $ 337,463 $ 7,501,933 $ 10,763,324 (1) The Company had no revolving loans which were converted to term loans included in loans and leases held-for-investment at December 31, 2021.
Schedule of changes in allowance for loan losses	Changes in the allowance for credit losses on loans and leases were as follows for the years ended December 31, 2021, 2020 and 2019: Year Ended December 31, 2021 (Dollars in thousands) Commercial Commercial Private Total Balance, beginning of period $ 5,254 $ 27,329 $ 2,047 $ 34,630 Provision (credit) for credit losses 7,604 (6,628) (156) 820 Charge-offs (4,633) (2,482) — (7,115) Recoveries 228 — — 228 Balance, end of period $ 8,453 $ 18,219 $ 1,891 $ 28,563 Year Ended December 31, 2020 (Dollars in thousands) Commercial Commercial Private Total Balance, beginning of period $ 5,262 $ 6,873 $ 1,973 $ 14,108 Impact of adopting CECL (2,431) 3,560 (187) 942 Provision for credit losses 1,973 16,896 432 19,301 Charge-offs — — (171) (171) Recoveries 450 — — 450 Balance, end of period $ 5,254 $ 27,329 $ 2,047 $ 34,630 Year Ended December 31, 2019 (Dollars in thousands) Commercial Commercial Private Total Balance, beginning of period $ 5,764 $ 5,502 $ 1,942 $ 13,208 Provision (credit) for credit losses (2,482) 1,371 143 (968) Charge-offs — — (112) (112) Recoveries 1,980 — — 1,980 Balance, end of period $ 5,262 $ 6,873 $ 1,973 $ 14,108
Schedule of past due loans by class	The following tables present the age analysis of past due loans segregated by class of loan: December 31, 2021 (Dollars in thousands) 30-59 Days 60-89 Days 90 Days or More Past Due Total Current Total Private banking $ 678 $ — $ — $ 678 $ 6,885,820 $ 6,886,498 Commercial and industrial — — 4,313 4,313 1,509,110 1,513,423 Commercial real estate — — — — 2,363,403 2,363,403 Loans and leases held-for-investment $ 678 $ — $ 4,313 $ 4,991 $ 10,758,333 $ 10,763,324 December 31, 2020 (Dollars in thousands) 30-59 Days 60-89 Days 90 Days or More Past Due Total Current Total Private banking $ 250 $ — $ — $ 250 $ 4,807,550 $ 4,807,800 Commercial and industrial — — 458 458 1,273,694 1,274,152 Commercial real estate 2,926 — 6,296 9,222 2,146,244 2,155,466 Loans and leases held-for-investment $ 3,176 $ — $ 6,754 $ 9,930 $ 8,227,488 $ 8,237,418
Schedule of loans considered to be impaired	The following tables present the Company’s amortized cost of individually evaluated loans and related information on those loans as of and for the years ended December 31, 2021, 2020 and 2019: As of and for the Year Ended December 31, 2021 (Dollars in thousands) Amortized Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized With a related allowance recorded: Private banking $ — $ — $ — $ — $ — Commercial and industrial 15,673 19,989 4,646 19,553 786 Commercial real estate 1,139 1,139 37 1,139 56 Total with a related allowance recorded 16,812 21,128 4,683 20,692 842 Without a related allowance recorded: Private banking — — — — — Commercial and industrial — — — — — Commercial real estate — — — — — Total without a related allowance recorded — — — — — Total: Private banking — — — — — Commercial and industrial 15,673 19,989 4,646 19,553 786 Commercial real estate 1,139 1,139 37 1,139 56 Total $ 16,812 $ 21,128 $ 4,683 $ 20,692 $ 842 As of and for the Year Ended December 31, 2020 (Dollars in thousands) Amortized Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized With a related allowance recorded: Private banking $ — $ — $ — $ — $ — Commercial and industrial 458 457 103 458 — Commercial real estate 9,222 9,251 1,885 9,222 — Total with a related allowance recorded 9,680 9,708 1,988 9,680 — Without a related allowance recorded: Private banking — — — — — Commercial and industrial — — — — — Commercial real estate — — — — — Total without a related allowance recorded — — — — — Total: Private banking — — — — — Commercial and industrial 458 457 103 458 — Commercial real estate 9,222 9,251 1,885 9,222 — Total $ 9,680 $ 9,708 $ 1,988 $ 9,680 $ — As of and for the Year Ended December 31, 2019 (Dollars in thousands) Amortized Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized With a related allowance recorded: Private banking $ 171 $ 193 $ 171 $ 171 $ — Commercial and industrial — — — — — Commercial real estate — — — — — Total with a related allowance recorded 171 193 171 171 — Without a related allowance recorded: Private banking 13 13 — 13 — Commercial and industrial — — — — — Commercial real estate — — — — — Total without a related allowance recorded 13 13 — 13 — Total: Private banking 184 206 171 184 — Commercial and industrial — — — — — Commercial real estate — — — — — Total $ 184 $ 206 $ 171 $ 184 $ —
Schedule of allowance for credit losses and investment in loans by class	The following tables present the allowance for credit losses on loans and leases and amortized cost of individually evaluated loans: December 31, 2021 (Dollars in thousands) Private Commercial Commercial Total Allowance for credit losses on loans and leases: Individually evaluated for impairment $ — $ 4,646 $ 37 $ 4,683 Collectively evaluated for impairment 1,891 3,807 18,182 23,880 Total allowance for credit losses on loans and leases $ 1,891 $ 8,453 $ 18,219 $ 28,563 Loans and leases held-for-investment: Individually evaluated for impairment $ — $ 15,673 $ 1,139 $ 16,812 Collectively evaluated for impairment 6,886,498 1,497,750 2,362,264 10,746,512 Loans and leases held-for-investment $ 6,886,498 $ 1,513,423 $ 2,363,403 $ 10,763,324 December 31, 2020 (Dollars in thousands) Private Commercial Commercial Total Allowance for credit losses on loans and leases: Individually evaluated for impairment $ — $ 103 $ 1,885 $ 1,988 Collectively evaluated for impairment 2,047 5,151 25,444 32,642 Total allowance for credit losses on loans and leases $ 2,047 $ 5,254 $ 27,329 $ 34,630 Loans and leases held-for-investment: Individually evaluated for impairment $ — $ 458 $ 9,222 $ 9,680 Collectively evaluated for impairment 4,807,800 1,273,694 2,146,244 8,227,738 Loans and leases held-for-investment $ 4,807,800 $ 1,274,152 $ 2,155,466 $ 8,237,418
Schedule of financial effects of modifications	The financial effects of our modifications made to loans newly designated as TDRs during the year ended December 31, 2021 and 2020, were as follows: Year Ended December 31, 2021 (Dollars in thousands) Count Recorded Investment at the time of Modification Current Recorded Investment Allowance for Credit Losses at the time of Modification Current Allowance for Credit Losses Commercial & Industrial: Extended term, deferred principal and increased advance rates 1 $ 11,360 $ 11,360 $ 334 $ 334 Commercial Real Estate: Extended term, deferred principal and increased advance rates 1 $ 1,139 $ 1,139 $ 37 $ 37 Total 2 $ 12,499 $ 12,499 $ 371 $ 371 Year Ended December 31, 2020 (Dollars in thousands) Count Recorded Investment at the time of Modification Current Recorded Investment Allowance for Loan Losses at the time of Modification Current Allowance for Loan Losses Commercial Real Estate: Extended term, forgave principal and change in interest terms 1 $ 2,926 $ 2,926 $ 468 $ 468 Total 1 $ 2,926 $ 2,926 $ 468 $ 468

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of changes in goodwill	The following table presents the change in goodwill for the years ended December 31, 2021 and 2020: (Dollars in thousands) 2021 2020 Balance, beginning of period $ 41,660 $ 41,660 Additions — — Balance, end of period $ 41,660 $ 41,660
Schedule of changes in intangible assets	The following table presents the change in intangible assets for the years ended December 31, 2021 and 2020: (Dollars in thousands) 2021 2020 Balance, beginning of period $ 22,251 $ 24,194 Additions — — Amortization (1,911) (1,943) Balance, end of period $ 20,340 $ 22,251
Schedule of intangible assets and total accumulated amortization by class	The following table presents the gross amount of intangible assets and total accumulated amortization by class: December 31, 2021 December 31, 2020 (Dollars in thousands) Gross Amount Accumulated Amortization Net Carrying Amount Gross Amount Accumulated Amortization Net Carrying Amount Trade name $ 4,040 $ (1,112) $ 2,928 $ 4,040 $ (939) $ 3,101 Client Relationships: Sub-advisory client list 11,645 (6,708) 4,937 11,645 (5,838) 5,807 Separate managed accounts client list 3,175 (1,716) 1,459 3,175 (1,404) 1,771 Other institutional client list 5,950 (4,237) 1,713 5,950 (3,696) 2,254 Non-compete agreements 522 (519) 3 522 (504) 18 Total finite-lived intangibles 25,332 (14,292) 11,040 25,332 (12,381) 12,951 Client Relationships: Mutual fund client relationships 9,300 — 9,300 9,300 — 9,300 Total intangible assets $ 34,632 $ (14,292) $ 20,340 $ 34,632 $ (12,381) $ 22,251
Schedule of expected amortization expense for finite-lived intangibles assets	The following is a summary of the expected intangible amortization expense for finite-lived intangibles assets, assuming no new additions, for each of the five years following December 31, 2021: (Dollars in thousands) Amount 2022 $ 1,900 2023 1,897 2024 1,806 2025 1,336 2026 1,246 Thereafter 2,855 Total finite-lived intangibles $ 11,040

Office Properties and Equipme_2

Office Properties and Equipment (Tables)	12 Months Ended
	Dec. 31, 2021
Office Properties and Equipment [Abstract]
Schedule of office properties and equipment by major classification	The following is a summary of office properties and equipment by major classification as of December 31, 2021 and 2020: December 31, (Dollars in thousands) 2021 2020 Furniture, fixtures and equipment $ 26,695 $ 20,244 Leasehold improvements 12,355 8,366 Total, at cost 39,050 28,610 Accumulated depreciation (19,217) (16,241) Net office properties and equipment $ 19,833 $ 12,369

Operating Leases (Tables)

Operating Leases (Tables)	12 Months Ended
	Dec. 31, 2021
Leases [Abstract]
Schedule of maturities of lease liabilities	Maturities of lease liabilities under noncancellable leases as of December 31, 2021, are as follows: (Dollars in thousands) Amount December 31, 2022 $ 3,112 2023 3,678 2024 3,612 2025 3,756 2026 3,672 Thereafter 29,452 Total undiscounted lease payments $ 47,282 Imputed interest 10,345 Operating lease liability $ 36,937

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Dec. 31, 2021
Deposits [Abstract]
Schedule of deposits	As of December 31, 2021 and 2020, deposits were comprised of the following: Interest Rate Range Weighted Average Balance (Dollars in thousands) December 31, December 31, December 31, December 31, December 31, Demand and savings accounts: Noninterest-bearing checking accounts — — — $ 776,256 $ 456,426 Interest-bearing checking accounts 0.05% to 1.70% 0.35% 0.38% 4,318,523 3,068,834 Money market deposit accounts 0.10% to 3.25% 0.40% 0.56% 5,632,093 3,927,797 Total demand and savings accounts 10,726,872 7,453,057 Certificates of deposit 0.04% to 3.15% 0.41% 1.08% 777,517 1,036,032 Total deposits $ 11,504,389 $ 8,489,089 Weighted average rate on interest-bearing accounts 0.38% 0.56%
Schedule of maturities of time deposits	The contractual maturity of certificates of deposit was as follows: (Dollars in thousands) December 31, December 31, 12 months or less $ 693,339 $ 892,427 12 months to 24 months 72,735 132,443 24 months to 36 months 11,443 11,162 Total $ 777,517 $ 1,036,032
Schedule of interest expense on deposits by type	Interest expense on deposits for the years ended December 31, 2021, 2020 and 2019, was as follows: Years Ended December 31, (Dollars in thousands) 2021 2020 2019 Interest-bearing checking accounts $ 13,106 $ 14,493 $ 21,480 Money market deposit accounts 23,299 35,095 69,336 Certificates of deposit 5,099 19,614 34,776 Total interest expense on deposits $ 41,504 $ 69,202 $ 125,592 Interest expense on borrowings for the years ended December 31, 2021, 2020 and 2019, was as follows: Years Ended December 31, (Dollars in thousands) 2021 2020 2019 FHLB borrowings $ 4,348 $ 6,095 $ 8,639 Line of credit borrowings 148 261 68 Senior and subordinated notes payable 5,938 3,593 1,091 Total interest expense on borrowings $ 10,434 $ 9,949 $ 9,798

Borrowings (Tables)

Borrowings (Tables)	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Schedule of borrowings	As of December 31, 2021 and 2020, borrowings were comprised of the following: December 31, 2021 December 31, 2020 (Dollars in thousands) Interest Rate Ending Balance Maturity Date Interest Rate Ending Balance Maturity Date FHLB borrowings: Issued 12/20/2021 0.30% 50,000 3/21/2022 Issued 12/2/2021 0.27% 50,000 3/2/2022 Issued 12/1/2021 0.27% 150,000 3/1/2022 Issued 12/21/2020 0.39% 50,000 3/22/2021 Issued 12/2/2020 0.33% 50,000 3/2/2021 Issued 12/1/2020 0.33% 150,000 3/1/2021 Issued 10/8/2020 0.39% 50,000 1/8/2021 Line of credit borrowings — 2/18/2022 4.25% 5,000 10/17/2021 Subordinated notes payable (net of debt issuance costs of $1,792 and $2,007, respectively) 5.75% 95,708 5/15/2030 5.75% 95,493 5/15/2030 Senior notes payable (net of debt issuance costs of $545 and $0, respectively) 2.25% 124,455 12/15/2024 Total borrowings, net $ 470,163 $ 400,493
Schedule of interest expense on borrowings by type	Interest expense on deposits for the years ended December 31, 2021, 2020 and 2019, was as follows: Years Ended December 31, (Dollars in thousands) 2021 2020 2019 Interest-bearing checking accounts $ 13,106 $ 14,493 $ 21,480 Money market deposit accounts 23,299 35,095 69,336 Certificates of deposit 5,099 19,614 34,776 Total interest expense on deposits $ 41,504 $ 69,202 $ 125,592 Interest expense on borrowings for the years ended December 31, 2021, 2020 and 2019, was as follows: Years Ended December 31, (Dollars in thousands) 2021 2020 2019 FHLB borrowings $ 4,348 $ 6,095 $ 8,639 Line of credit borrowings 148 261 68 Senior and subordinated notes payable 5,938 3,593 1,091 Total interest expense on borrowings $ 10,434 $ 9,949 $ 9,798

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Schedule of effective income tax rate reconciliation	The income tax provision reconciled to taxes computed at the statutory federal rate for the years ended December 31, 2021, 2020 and 2019, was as follows: Years Ended December 31, (Dollars in thousands) 2021 2020 2019 Tax provision at statutory rate $ 19,048 $ 11,056 $ 14,418 Nondeductible expenses 1,299 772 919 Bank owned life insurance (450) (366) (364) Stock option exercises and cancellations (193) (288) (668) State tax expense, net of federal benefit 4,237 1,636 2,481 Adjustments to prior year tax 98 284 (121) Tax exempt income, net of disallowed interest (25) (47) (71) Renewable energy tax credits (3,504) (1,531) (1,912) Low-income housing tax credits (1,115) (880) (364) Historic tax credits (6,752) (3,273) (6,036) Other — 49 183 Income tax provision $ 12,643 $ 7,412 $ 8,465
Schedule of components of income tax expense (benefit)	The income tax provision for the years ended December 31, 2021, 2020 and 2019, consisted of: Years Ended December 31, (Dollars in thousands) 2021 2020 2019 Current income tax provision - federal $ 7,927 $ 4,812 $ 4,058 Current income tax provision - state 3,911 2,094 1,767 Deferred tax provision (benefit) - federal (342) 431 1,312 Deferred tax provision - state 1,147 75 1,328 Income tax provision $ 12,643 $ 7,412 $ 8,465
Schedule of deferred tax assets and liabilities	The tax effects of temporary differences that gave rise to significant portions of the deferred tax assets and deferred tax liabilities as of December 31, 2021 and 2020, were as follows: December 31, (Dollars in thousands) 2021 2020 Deferred tax assets: Net operating loss - state $ 672 $ 672 Start-up expenses — 9 Stock compensation 2,415 1,546 Compensation related accruals 3,753 4,311 Leasehold improvement 590 666 Allowance for credit losses on loans and leases 7,887 8,369 Right-of-use liability 8,892 4,891 Reserve for unfunded commitments 701 820 Supplemental executive retirement plan 919 917 Transaction costs 802 112 Earn out liability non-purchase accounting 181 214 Unrealized loss on investments and derivatives 1,012 857 State bonus depreciation 2,557 3,535 General business credits 14,207 14,551 Valuation allowance (367) — Other 1,727 31 Gross deferred tax assets 45,948 41,501 Deferred tax liabilities: Office properties and equipment (32,749) (31,632) Prepaid expenses (475) (649) Deferred loan costs (4,714) (5,036) Intangibles (3,063) (257) Goodwill (2,710) (4,885) State capital shares tax liability (109) (229) Right-of-use asset (8,454) (4,489) Gross deferred tax liability (52,274) (47,177) Net deferred tax liability $ (6,326) $ (5,676)
Schedule of changes in net deferred tax assets and liabilities	The change in the net deferred tax asset or liability for the years ended December 31, 2021 and 2020, was detailed as follows: December 31, (Dollars in thousands) 2021 2020 Deferred tax provision $ (805) $ (506) Deferred tax retained earnings for CECL adoption — 543 Deferred tax impact from other comprehensive income 155 1,218 Change in net deferred tax asset or liability $ (650) $ 1,255
Schedule of unrecognized tax benefits roll forward	A reconciliation of the beginning and ending gross amounts of unrecognized tax benefits for the years ended December 31, 2021, 2020 and 2019, was as follows: December 31, (Dollars in thousands) 2021 2020 2019 Beginning of year balance $ 685 $ 528 $ 704 Increases in prior period tax positions — — 111 Decreases in prior period tax positions — (46) — Increases in current period tax positions — 203 148 Settlements (508) — (435) End of year balance $ 177 $ 685 $ 528

Stock Transactions (Tables)

Stock Transactions (Tables)	12 Months Ended
	Dec. 31, 2021
Common Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Schedule of preferred and common shares, activity	The table below shows the changes in the Company’s preferred and common shares outstanding during the periods indicated: Number of Number of Number of Balance, December 31, 2018 40,250 28,878,674 2,014,910 Issuance of preferred stock 80,500 — — Issuance of restricted common stock — 580,453 — Forfeitures of restricted common stock — (78,209) — Exercise of stock options — 86,580 — Purchase of treasury stock — (90,000) 90,000 Increase in treasury stock related to equity awards — (21,512) 21,512 Balance, December 31, 2019 120,750 29,355,986 2,126,422 Issuance of preferred stock 650 — — Issuance of common stock — 2,770,083 — Issuance of restricted common stock — 638,832 — Forfeitures of restricted common stock — (32,751) — Exercise of stock options — 61,000 — Purchase of treasury stock — (40,000) 40,000 Increase in treasury stock related to equity awards — (141,500) 141,500 Reissuance of treasury stock — 8,500 (8,500) Balance, December 31, 2020 121,400 32,620,150 2,299,422 Issuance of preferred stock 33 — — Issuance of restricted common stock — 633,386 — Forfeitures of restricted common stock — (12,297) — Exercise of stock options — 124,870 — Increase in treasury stock related to equity awards — (102,611) 102,611 Balance, December 31, 2021 121,433 33,263,498 2,402,033

Regulatory Capital (Tables)

Regulatory Capital (Tables)	12 Months Ended
	Dec. 31, 2021
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]
Schedule of compliance with regulatory capital requirements under banking regulations	The following tables set forth certain information concerning the Company’s and the Bank’s regulatory capital as of December 31, 2021 and 2020: December 31, 2021 Actual For Capital Adequacy Purposes To be Well Capitalized Under Prompt Corrective Action Provisions (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio Total risk-based capital ratio Company $ 910,320 13.43 % $ 542,409 8.00 % N/A N/A Bank $ 986,657 14.60 % $ 540,639 8.00 % $ 675,798 10.00 % Tier 1 risk-based capital ratio Company $ 788,910 11.64 % $ 406,807 6.00 % N/A N/A Bank $ 960,955 14.22 % $ 405,479 6.00 % $ 540,639 8.00 % Common equity tier 1 risk-based capital ratio Company $ 607,367 8.96 % $ 305,105 4.50 % N/A N/A Bank $ 960,955 14.22 % $ 304,109 4.50 % $ 439,269 6.50 % Tier 1 leverage ratio Company $ 788,910 6.36 % $ 496,431 4.00 % N/A N/A Bank $ 960,955 7.76 % $ 495,417 4.00 % $ 619,271 5.00 % December 31, 2020 Actual For Capital Adequacy Purposes To be Well Capitalized Under Prompt Corrective Action Provisions (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio Total risk-based capital ratio Company $ 833,819 14.12 % $ 472,267 8.00 % N/A N/A Bank $ 789,273 13.41 % $ 470,820 8.00 % $ 588,525 10.00 % Tier 1 risk-based capital ratio Company $ 707,711 11.99 % $ 354,200 6.00 % N/A N/A Bank $ 758,658 12.89 % $ 353,115 6.00 % $ 470,820 8.00 % Common equity tier 1 risk-based capital ratio Company $ 530,568 8.99 % $ 265,650 4.50 % N/A N/A Bank $ 758,658 12.89 % $ 264,836 4.50 % $ 382,542 6.50 % Tier 1 leverage ratio Company $ 707,711 7.29 % $ 388,408 4.00 % N/A N/A Bank $ 758,658 7.83 % $ 387,626 4.00 % $ 484,533 5.00 %

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	12 Months Ended
	Dec. 31, 2021
Earnings Per Share [Abstract]
Schedule of earnings per share, basic and diluted	The computation of basic and diluted earnings per common share for the years ended December 31, 2021, 2020 and 2019, was as follows: Years Ended December 31, (Dollars in thousands, except per share data) 2021 2020 2019 Basic earnings per common share: Net income $ 78,060 $ 45,234 $ 60,193 Less: Preferred dividends on Series A and Series B 7,849 7,849 5,753 Less: Preferred dividends on Series C 4,499 24 — Net income available to common shareholders $ 65,712 $ 37,361 $ 54,440 Allocation of net income available: Common shareholders $ 55,487 $ 37,320 $ 54,440 Series C convertible preferred shareholders 8,590 34 — Warrant shareholders 1,635 7 — Total $ 65,712 $ 37,361 $ 54,440 Basic weighted average common shares outstanding: Basic common shares 31,315,235 28,267,512 27,864,933 Series C convertible preferred stock, as-if converted 4,848,039 25,832 — Warrants, as-if exercised 922,438 5,041 — Basic earnings per common share $ 1.77 $ 1.32 $ 1.95 Diluted earnings per common share: Income available to common shareholders after allocation $ 55,487 $ 37,320 $ 54,440 Diluted weighted average common shares outstanding: Basic common shares 31,315,235 28,267,512 27,864,933 Restricted stock - dilutive 994,997 345,026 633,802 Stock options - dilutive 149,716 125,930 334,600 Diluted common shares 32,459,948 28,738,468 28,833,335 Diluted earnings per common share $ 1.71 $ 1.30 $ 1.89
Schedule of antidilutive securities excluded from computation of earnings per share	December 31, December 31, December 31, Anti-dilutive shares: 2021 2020 2019 Restricted stock 37,500 581,717 31,500 Stock options — — — Series C convertible preferred stock, as-if converted 4,967,272 4,727,272 — Warrants, as-if exercised 922,438 922,438 — Total anti-dilutive shares 5,927,210 6,231,427 31,500

Stock-Based Compensation Prog_2

Stock-Based Compensation Programs (Tables)	12 Months Ended
	Dec. 31, 2021
Share-based Payment Arrangement [Abstract]
Schedule of share-based compensation, stock options, activity	Stock option activity during the periods indicated was as follows: Number of Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term (years) Balance, December 31, 2018 694,147 $ 10.60 4.26 Granted — — Exercised (86,580) 10.39 Forfeited (5,000) 10.31 Canceled — — Expired — — Balance, December 31, 2019 602,567 $ 10.64 3.47 Granted — — Exercised (61,000) 8.30 Forfeited (1,500) 12.29 Canceled (212,447) 10.88 Expired — — Balance, December 31, 2020 327,620 $ 10.90 2.67 Granted — — Exercised (124,870) 10.20 Forfeited — — Canceled — — Expired (2,500) 8.00 Balance, December 31, 2021 200,250 $ 11.38 2.02 Exercisable as of December 31, 2019 512,236 $ 10.64 3.17 Exercisable as of December 31, 2020 320,620 $ 10.86 2.61 Exercisable as of December 31, 2021 200,250 $ 11.38 2.02
Schedule of nonvested stock option activity	A summary of the status of the Company’s non-vested options as of and changes during the years ended December 31, 2021, 2020 and 2019, is presented below: Non-vested options: Number of Options Weighted Average Grant-Date Balance, December 31, 2018 264,697 $ 4.96 Granted — — Vested (169,366) 4.94 Forfeited (5,000) 4.95 Balance, December 31, 2019 90,331 $ 4.98 Granted — — Vested (81,831) 4.96 Forfeited (1,500) 4.75 Balance, December 31, 2020 7,000 $ 5.21 Granted — — Vested (7,000) 5.21 Forfeited — — Balance, December 31, 2021 — $ —
Schedule of nonvested restricted stock activity	A summary of the status of the Company’s non-vested restricted shares as of and changes during the years ended December 31, 2021, 2020 and 2019, is presented below: Non-vested restricted shares: Number of Shares Weighted Average Grant-Date Balance, December 31, 2018 1,353,012 $ 18.70 Granted 580,453 21.85 Vested (424,134) 13.20 Forfeited (78,209) 19.13 Balance, December 31, 2019 1,431,122 $ 21.58 Granted 638,832 22.37 Vested (544,075) 20.22 Forfeited (32,751) 23.62 Balance, December 31, 2020 1,493,128 $ 22.37 Granted 633,386 21.00 Vested (325,407) 22.61 Forfeited (12,297) 21.63 Balance, December 31, 2021 1,788,810 $ 21.84

Derivatives and Hedging Activ_2

Derivatives and Hedging Activity (Tables)	12 Months Ended
	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of derivative instruments in statement of financial position, fair value	The tables below present the fair value of the Company’s derivative financial instruments as well as their classification on the consolidated statements of financial condition as of December 31, 2021 and 2020: Asset Derivatives Liability Derivatives as of December 31, 2021 as of December 31, 2021 (Dollars in thousands) Balance Sheet Location Fair Value Balance Sheet Location Fair Value Derivatives designated as hedging instruments: Interest rate products Other assets $ 1,217 Other liabilities $ 2,838 Derivatives not designated as hedging instruments: Interest rate products Other assets 88,956 Other liabilities 88,919 Total Other assets $ 90,173 Other liabilities $ 91,757 Asset Derivatives Liability Derivatives as of December 31, 2020 as of December 31, 2020 (Dollars in thousands) Balance Sheet Location Fair Value Balance Sheet Location Fair Value Derivatives designated as hedging instruments: Interest rate products Other assets $ — Other liabilities $ 9,082 Derivatives not designated as hedging instruments: Interest rate products Other assets 144,333 Other liabilities 144,351 Total Other assets $ 144,333 Other liabilities $ 153,433
Schedule of offsetting derivative assets	The following tables show the impact legally enforceable master netting agreements had on the Company’s derivative financial instruments as of December 31, 2021 and 2020: Offsetting of Derivative Assets Gross Amounts of Recognized Assets Gross Amounts Offset in the Statement of Financial Position Net Amounts of Assets Gross Amounts Not Offset in the Statement of Financial Position Net Amount (Dollars in thousands) Financial Instruments Cash Collateral Received December 31, 2021 $ 90,173 $ — $ 90,173 $ (13,929) $ — $ 76,244 December 31, 2020 $ 144,333 $ — $ 144,333 $ (94) $ — $ 144,239
Schedule of offsetting derivative liabilities	Offsetting of Derivative Liabilities Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Statement of Financial Position Net Amounts of Liabilities Gross Amounts Not Offset in the Statement of Financial Position Net Amount (Dollars in thousands) Financial Instruments Cash Collateral Posted December 31, 2021 $ 91,757 $ — $ 91,757 $ (13,929) $ (59,898) $ 17,930 December 31, 2020 $ 153,433 $ — $ 153,433 $ (94) $ (150,238) $ 3,101
Schedule of interest rate derivative transactions	Characteristics of the Company’s interest rate derivative transactions designated as cash flow hedges of interest rate risk as of December 31, 2021, were as follows: (Dollars in thousands) Notional Effective Rate (1) Estimated Increase/(Decrease) to Interest Expense in the Next Twelve Months Maturity Date Remaining Term Interest rate products: Issued 5/30/2019 $ 50,000 2.05 % $ 373 6/1/2022 5 Issued 5/30/2019 50,000 2.03 % 758 6/1/2023 17 Issued 5/30/2019 50,000 2.04 % 764 6/1/2024 29 Issued 3/2/2020 50,000 0.98 % 227 3/2/2025 38 Issued 3/20/2020 50,000 0.60 % 36 3/20/2025 39 Total $ 250,000 $ 2,158 (1) The effective rate is adjusted for the difference between the three-month FHLB advance rate and three-month LIBOR.
Schedule of derivative instruments, gain (loss) in statement of financial performance	The table below presents the effective portion of the Company’s cash flow hedge instruments in the consolidated statements of income for the years ended December 31, 2021, 2020 and 2019: Years Ended December 31, (Dollars in thousands) 2021 2020 2019 Derivatives designated as hedging instruments: Location of Gain (Loss) Recognized in Income on Derivatives Realized Gain (Loss) Interest rate products Interest expense $ (3,513) $ (2,732) $ 1,259 The table below presents the effective portion of the Company’s cash flow hedge instruments in accumulated other comprehensive income for the years ended December 31, 2021, 2020 and 2019: Years Ended December 31, (Dollars in thousands) 2021 2020 2019 Derivatives designated as hedging instruments: Unrealized Gain (Loss) Recognized in Accumulated Other Comprehensive Income on Derivatives Interest rate products $ 3,723 $ (9,168) $ (2,239) The table below presents the effect of the Company’s non-designated hedge instruments in the consolidated statements of income for the years ended December 31, 2021, 2020 and 2019: Years Ended December 31, (Dollars in thousands) 2021 2020 2019 Derivatives not designated as hedging instruments: Location of Gain (Loss) Recognized in Income on Derivatives Realized Gain (Loss) Interest rate products Non-interest income $ 36 $ (20) $ (45) Equity products Non-interest income $ — $ — $ (176) Total $ 36 $ (20) $ (221)

Disclosures About Fair Value _2

Disclosures About Fair Value of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Schedule of fair value, assets and liabilities measured on recurring basis	The following tables represent assets and liabilities measured at fair value on a recurring basis as of December 31, 2021 and 2020: December 31, 2021 (Dollars in thousands) Level 1 Level 2 Level 3 Total Assets / Financial assets: Debt securities available-for-sale: Corporate bonds $ — $ 146,192 $ — $ 146,192 Trust preferred securities — 13,627 — 13,627 Non-agency residential mortgage-backed securities — 277,118 — 277,118 Agency collateralized mortgage obligations — 16,498 — 16,498 Agency mortgage-backed securities — 120,477 — 120,477 Agency debentures — 7,228 — 7,228 Municipal bonds — 5,185 — 5,185 Equity securities 4,975 — — 4,975 Interest rate swaps — 90,173 — 90,173 Total financial assets $ 4,975 $ 676,498 $ — $ 681,473 Financial liabilities: Interest rate swaps $ — $ 91,757 $ — $ 91,757 Total financial liabilities $ — $ 91,757 $ — $ 91,757 December 31, 2020 (Dollars in thousands) Level 1 Level 2 Level 3 Total Assets / Financial assets: Debt securities available-for-sale: Corporate bonds $ — $ 158,464 $ — $ 158,464 Trust preferred securities — 18,087 — 18,087 Agency collateralized mortgage obligations — 22,089 — 22,089 Agency mortgage-backed securities — 410,127 — 410,127 Agency debentures — 8,803 — 8,803 Interest rate swaps — 144,333 — 144,333 Total financial assets $ — $ 761,903 $ — $ 761,903 Financial liabilities: Interest rate swaps $ — $ 153,433 $ — $ 153,433 Total financial liabilities $ — $ 153,433 $ — $ 153,433
Schedule of fair value measurements, nonrecurring	The following tables represent the balances of assets measured at fair value on a non-recurring basis as of December 31, 2021 and 2020: December 31, 2021 (Dollars in thousands) Level 1 Level 2 Level 3 Total Assets Loans measured for impairment, net $ — $ — $ 12,129 $ 12,129 Other real estate owned — — 2,005 2,005 Total assets $ — $ — $ 14,134 $ 14,134 December 31, 2020 (Dollars in thousands) Level 1 Level 2 Level 3 Total Assets Loans measured for impairment, net $ — $ — $ 7,692 $ 7,692 Other real estate owned — — 2,724 2,724 Total assets $ — $ — $ 10,416 $ 10,416
Schedule of fair value inputs, assets, quantitative information	The following tables present additional quantitative information about assets measured at fair value on a recurring and non-recurring basis and for which we have utilized Level 3 inputs to determine fair value as of December 31, 2021 and 2020: December 31, 2021 (Dollars in thousands) Fair Value Valuation Techniques (1) (2) Significant Unobservable Inputs Weighted Average Discount Rate Loans measured for impairment, net $ 12,129 Other Discount due to restructured nature of operations 3% Other real estate owned $ 2,005 Collateral Appraisal value and discount due to salability conditions 12% (1) Fair value is generally determined through independent appraisals of the underlying collateral, which may include Level 3 inputs that are not identifiable, or by using the discounted cash flow of ongoing operations if the loan is not collateral dependent. (2) The collateral which is used in the valuation of these loans is commercial real estate. December 31, 2020 (Dollars in thousands) Fair Value Valuation Techniques (1)(2) Significant Unobservable Inputs Weighted Average Discount Rate Loans measured for impairment, net $ 7,692 Collateral Appraisal value and discount due to salability conditions 23% Other real estate owned $ 2,724 Collateral Appraisal value and discount due to salability conditions 12% (1) Fair value is generally determined through independent appraisals of the underlying collateral, which may include Level 3 inputs that are not identifiable, or by using the discounted cash flow method if the loan is not collateral dependent.
Schedule of fair and carrying value of financial assets and liabilities	The following is a summary of the carrying amounts and estimated fair values of financial instruments: December 31, 2021 December 31, 2020 (Dollars in thousands) Fair Value Carrying Estimated Carrying Estimated Financial assets: Cash and cash equivalents 1 $ 452,016 $ 452,016 $ 435,442 $ 435,442 Debt securities available-for-sale 2 586,325 586,325 617,570 617,570 Debt securities held-to-maturity 1 39,098 38,666 — — Debt securities held-to-maturity 2 763,478 753,296 211,691 214,299 Equity securities 1 4,975 4,975 — — Federal Home Loan Bank stock 2 11,802 11,802 13,284 13,284 Loans and leases held-for-investment, net 3 10,734,761 10,717,430 8,202,788 8,199,922 Accrued interest receivable 2 25,060 25,060 18,783 18,783 Investment management fees receivable, net 2 8,641 8,641 7,935 7,935 Bank owned life insurance 2 98,928 98,928 71,787 71,787 Other real estate owned 3 2,005 2,005 2,724 2,724 Interest rate swaps 2 90,173 90,173 144,333 144,333 Financial liabilities: Deposits 2 $ 11,504,389 $ 11,504,856 $ 8,489,089 $ 8,510,799 Borrowings, net 2 470,163 474,949 400,493 402,714 Interest rate swaps 2 91,757 91,757 153,433 153,433

Changes in Accumulated Other _2

Changes in Accumulated Other Comprehensive Income (Loss) (Tables)	12 Months Ended
	Dec. 31, 2021
Equity [Abstract]
Schedule of changes in accumulated other comprehensive income	The following table shows the changes in accumulated other comprehensive income (loss) net of tax, for the years ended December 31, 2021, 2020 and 2019: Years Ended December 31, 2021 2020 2019 (Dollars in thousands) Debt Securities Derivatives Total Debt Securities Derivatives Total Debt Securities Derivatives Total Balance, beginning of period $ 3,834 $ (6,531) $ (2,697) $ 2,756 $ (1,624) $ 1,132 $ (2,363) $ 1,032 $ (1,331) Change in unrealized holding gains (losses) (6,041) 2,826 (3,215) 3,997 (6,981) (2,984) 5,356 (1,701) 3,655 Losses (gains) reclassified from other comprehensive income (178) 2,666 2,488 (2,919) 2,074 (845) (237) (955) (1,192) Net other comprehensive income (loss) (6,219) 5,492 (727) 1,078 (4,907) (3,829) 5,119 (2,656) 2,463 Balance, end of period $ (2,385) $ (1,039) $ (3,424) $ 3,834 $ (6,531) $ (2,697) $ 2,756 $ (1,624) $ 1,132

Condensed Parent Company Only_2

Condensed Parent Company Only Financial Statements (Tables)	12 Months Ended
	Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract]
Schedule of condensed balance sheet	CONDENSED STATEMENTS OF FINANCIAL CONDITION PARENT COMPANY ONLY December 31, (Dollars in thousands) 2021 2020 ASSETS Cash and cash equivalents $ 27,936 $ 31,856 Equity securities 4,975 — Investment in subsidiaries 1,024,016 821,719 Prepaid expenses and other assets 5,519 6,604 Total assets $ 1,062,446 $ 860,179 LIABILITIES AND SHAREHOLDERS’ EQUITY Borrowings, net $ 220,163 $ 100,493 Other accrued expenses and other liabilities 5,561 2,541 Shareholders’ equity 836,722 757,145 Total liabilities and shareholders’ equity $ 1,062,446 $ 860,179
Schedule of condensed income statement	CONDENSED STATEMENTS OF INCOME PARENT COMPANY ONLY Years Ended December 31, (Dollars in thousands) 2021 2020 2019 Interest income $ 37 $ 43 $ 219 Dividends received from subsidiaries 5,000 7,005 13,000 Total interest and dividend income 5,037 7,048 13,219 Interest expense 6,086 3,855 1,159 Net interest income (1,049) 3,193 12,060 Non-interest income (loss) (25) — 842 Non-interest expense 6,518 3,576 1,081 Income (loss) before income taxes and undisbursed income of subsidiaries (7,592) (383) 11,821 Income tax expense (2,628) (1,226) (467) Income (loss) before undisbursed income of subsidiaries (4,964) 843 12,288 Undisbursed income of subsidiaries 83,024 44,391 47,905 Net income $ 78,060 $ 45,234 $ 60,193
Schedule of condensed cash flow statement	CONDENSED STATEMENTS OF CASH FLOWS PARENT COMPANY ONLY Years Ended December 31, (Dollars in thousands) 2021 2020 2019 Cash Flows from Operating Activities: Net income $ 78,060 $ 45,234 $ 60,193 Adjustments to reconcile net income to net cash provided by operating activities: Undisbursed income of subsidiaries (83,024) (44,391) (47,905) Net loss (gain) on equity securities 25 — (842) Amortization of deferred financing costs 215 144 84 Stock-based compensation expense 290 317 — Increase (decrease) in accrued interest payable 117 716 (1,005) Decrease (increase) in other assets 1,085 (1,334) 1,539 Increase (decrease) in other liabilities 2,903 838 (2,269) Net cash provided by operating activities (329) 1,524 9,795 Cash Flows from Investing Activities: Purchase of equity securities (5,000) — — Sale of equity securities — — 13,679 Net payments for investments in subsidiaries (120,000) (171,944) (43,000) Net cash used in investing activities (125,000) (171,944) (29,321) Cash Flows from Financing Activities: Net proceeds from issuance of senior and subordinated notes payable 124,455 95,349 — Repayment of subordinated debt — — (35,000) Net proceeds from issuance of stock — 100,002 77,611 Proceeds from line of credit advances 15,200 40,000 — Repayment of line of credit advances (20,200) (35,000) (4,250) Net proceeds from exercise of stock options 1,273 506 900 Cancellation of stock options — (2,484) — Subsidiary reimbursement for issuance of restricted stock awards 10,736 — — Purchase of treasury stock (2,108) (3,479) (2,312) Dividends paid on preferred stock (7,947) (7,849) (5,753) Net cash provided by financing activities 121,409 187,045 31,196 Net change in cash and cash equivalents (3,920) 16,625 11,670 Cash and cash equivalents at beginning of year 31,856 15,231 3,561 Cash and cash equivalents at end of year $ 27,936 $ 31,856 $ 15,231

Segments (Tables)

Segments (Tables)	12 Months Ended
	Dec. 31, 2021
Segment Reporting [Abstract]
Schedule of segment reporting information, by segment	The following tables provide financial information for the two segments of the Company as of and for the years ended December 31, 2021 and 2020. The information provided under the caption “Parent and Other” represents general operating activity of the Company not considered to be a reportable segment, which includes parent company activity as well as eliminations and adjustments that are necessary for purposes of reconciliation to the consolidated amounts. (Dollars in thousands) December 31, 2021 December 31, 2020 Assets: Bank $ 12,926,161 $ 9,819,719 Investment management 86,563 86,150 Parent and other (7,872) (9,053) Total assets $ 13,004,852 $ 9,896,816 Year Ended December 31, 2021 (Dollars in thousands) Bank Investment Parent Consolidated Income statement data: Interest income $ 231,297 $ — $ — $ 231,297 Interest expense 45,889 — 6,049 51,938 Net interest income (loss) 185,408 — (6,049) 179,359 Provision for credit losses 808 — — 808 Net interest income (loss) after provision for credit losses 184,600 — (6,049) 178,551 Non-interest income: Investment management fees — 38,702 (1,248) 37,454 Net gain on the sale and call of debt securities 242 — — 242 Other non-interest income 20,941 34 (25) 20,950 Total non-interest income (loss) 21,183 38,736 (1,273) 58,646 Non-interest expense: Intangible amortization expense — 1,911 — 1,911 Other non-interest expense 107,373 31,939 5,271 144,583 Total non-interest expense 107,373 33,850 5,271 146,494 Income (loss) before tax 98,410 4,886 (12,593) 90,703 Income tax expense (benefit) 14,171 1,100 (2,628) 12,643 Net income (loss) $ 84,239 $ 3,786 $ (9,965) $ 78,060 Year Ended December 31, 2020 (Dollars in thousands) Bank Investment Parent Consolidated Income statement data: Interest income $ 217,095 $ — $ — $ 217,095 Interest expense 75,339 — 3,812 79,151 Net interest income (loss) 141,756 — (3,812) 137,944 Provision for credit losses 19,400 — — 19,400 Net interest income (loss) after provision for credit losses 122,356 — (3,812) 118,544 Non-interest income: Investment management fees — 32,727 (692) 32,035 Net gain on the sale and call of debt securities 3,948 — — 3,948 Other non-interest income 21,164 58 — 21,222 Total non-interest income 25,112 32,785 (692) 57,205 Non-interest expense: Intangible amortization expense — 1,944 — 1,944 Other non-interest expense 90,541 27,735 2,883 121,159 Total non-interest expense 90,541 29,679 2,883 123,103 Income (loss) before tax 56,927 3,106 (7,387) 52,646 Income tax expense (benefit) 8,330 308 (1,226) 7,412 Net income (loss) $ 48,597 $ 2,798 $ (6,161) $ 45,234 Year Ended December 31, 2019 (Dollars in thousands) Bank Investment Parent Consolidated Income statement data: Interest income $ 262,332 $ — $ 115 $ 262,447 Interest expense 134,336 — 1,054 135,390 Net interest income (loss) 127,996 — (939) 127,057 Provision (credit) for loan losses (968) — — (968) Net interest income (loss) after provision for loan losses 128,964 — (939) 128,025 Non-interest income: Investment management fees — 36,889 (447) 36,442 Net loss on the sale and call of debt securities 416 — — 416 Other non-interest income 15,051 31 842 15,924 Total non-interest income 15,467 36,920 395 52,782 Non-interest expense: Intangible amortization expense — 2,009 — 2,009 Other non-interest expense 77,945 31,560 635 110,140 Total non-interest expense 77,945 33,569 635 112,149 Income (loss) before tax 66,486 3,351 (1,179) 68,658 Income tax expense (benefit) 8,015 918 (468) 8,465 Net income (loss) $ 58,471 $ 2,433 $ (711) $ 60,193

Basis of Information and Summ_3

Basis of Information and Summary of Significant Accounting Policies - Narrative (Details)	Oct. 20, 2021USD ($)	Dec. 31, 2021USD ($)subsidiaryportfoliooffice	Dec. 31, 2020USD ($)	Jan. 01, 2020USD ($)
Significant Accounting Policies [Line Items]
Number of wholly-owned subsidiaries | subsidiary		3
Number of representative offices, additional to main office | office		4
Past due period for loans (in days)		90 days
Consecutive period loan is current (in months)		6 months
Number of loan portfolios | portfolio		3
Retained earnings		$ (319,766,000)	$ (254,054,000)
Allowance for credit loss on management fees		$ 0	$ 0
Cumulative Effect, Period of Adoption, Adjustment
Significant Accounting Policies [Line Items]
Retained earnings				$ 1,700,000
Raymond James
Significant Accounting Policies [Line Items]
Fair value of total consideration, at closing	$ 1,100,000,000
Minimum
Significant Accounting Policies [Line Items]
Past due period for loans (in days)		90 days
Finite-lived intangible asset, useful life		4 years
Estimated useful lives of office properties and equipment (in years)		3 years
Maximum
Significant Accounting Policies [Line Items]
Original maturity of short-term investments (in days)		90 days
Finite-lived intangible asset, useful life		25 years
Estimated useful lives of office properties and equipment (in years)		10 years
Bank
Significant Accounting Policies [Line Items]
Number of wholly-owned subsidiaries | subsidiary		2

Investment Securities - Investm

Investment Securities - Investment Types (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Debt securities available-for-sale:
Amortized Cost	$ 590,883	$ 612,492
Gross Unrealized Appreciation	1,667	6,016
Gross Unrealized Depreciation	6,225	938
Allowance for Credit Losses	0	0
Estimated Fair Value	586,325	617,570
Debt securities held-to-maturity:
Amortized Cost	802,712	211,840
Gross Unrealized Appreciation	1,945	2,677
Gross Unrealized Depreciation	12,695	218
Estimated Fair Value	791,962	214,299
Allowance for Credit Losses	136	149
Corporate Bonds
Debt securities available-for-sale:
Amortized Cost	145,568	157,452
Gross Unrealized Appreciation	897	1,538
Gross Unrealized Depreciation	273	526
Allowance for Credit Losses	0	0
Estimated Fair Value	146,192	158,464
Debt securities held-to-maturity:
Amortized Cost	25,167	28,672
Gross Unrealized Appreciation	827	566
Gross Unrealized Depreciation	16	1
Estimated Fair Value	25,978	29,237
Allowance for Credit Losses	71	79
U.S. Treasury Notes
Debt securities held-to-maturity:
Amortized Cost	39,097
Gross Unrealized Appreciation	12
Gross Unrealized Depreciation	443
Estimated Fair Value	38,666
Allowance for Credit Losses	0
Trust preferred securities
Debt securities available-for-sale:
Amortized Cost	13,610	18,228
Gross Unrealized Appreciation	200	57
Gross Unrealized Depreciation	183	198
Allowance for Credit Losses	0	0
Estimated Fair Value	13,627	18,087
Non-agency residential mortgage-backed securities
Debt securities available-for-sale:
Amortized Cost	281,282
Gross Unrealized Appreciation	0
Gross Unrealized Depreciation	4,164
Allowance for Credit Losses	0
Estimated Fair Value	277,118
Debt securities held-to-maturity:
Amortized Cost	184,731	124,152
Gross Unrealized Appreciation	1	237
Gross Unrealized Depreciation	3,088	217
Estimated Fair Value	181,644	124,172
Allowance for Credit Losses	65	70
Agency collateralized mortgage obligations
Debt securities available-for-sale:
Amortized Cost	16,458	22,058
Gross Unrealized Appreciation	42	36
Gross Unrealized Depreciation	2	5
Allowance for Credit Losses	0	0
Estimated Fair Value	16,498	22,089
Agency mortgage-backed securities
Debt securities available-for-sale:
Amortized Cost	122,044	406,741
Gross Unrealized Appreciation	32	3,595
Gross Unrealized Depreciation	1,599	209
Allowance for Credit Losses	0	0
Estimated Fair Value	120,477	410,127
Debt securities held-to-maturity:
Amortized Cost	516,033	4,309
Gross Unrealized Appreciation	570	778
Gross Unrealized Depreciation	8,753	0
Estimated Fair Value	507,850	5,087
Allowance for Credit Losses	0	0
Agency debentures
Debt securities available-for-sale:
Amortized Cost	6,732	8,013
Gross Unrealized Appreciation	496	790
Gross Unrealized Depreciation	0	0
Allowance for Credit Losses	0	0
Estimated Fair Value	7,228	8,803
Debt securities held-to-maturity:
Amortized Cost	36,794	48,130
Gross Unrealized Appreciation	534	1,051
Gross Unrealized Depreciation	395	0
Estimated Fair Value	36,933	49,181
Allowance for Credit Losses	0	0
Municipal Bonds
Debt securities available-for-sale:
Amortized Cost	5,189
Gross Unrealized Appreciation	0
Gross Unrealized Depreciation	4
Allowance for Credit Losses	0
Estimated Fair Value	5,185
Debt securities held-to-maturity:
Amortized Cost	890	6,577
Gross Unrealized Appreciation	1	45
Gross Unrealized Depreciation	0	0
Estimated Fair Value	891	6,622
Allowance for Credit Losses	$ 0	$ 0

Investment Securities - Narrati

Investment Securities - Narrative (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Debt Securities, Available-for-sale [Line Items]
Transfer of debt securities available-for-sale to held-to-maturity	$ 480,800,000	$ 480,769,000	$ 0	$ 0
Debt securities held-to-maturity pledged as collateral		38,700,000
Accrued interest receivable on debt securities held-to-maturity		1,600,000	697,000
Debt securities, held-to-maturity, allowance for credit loss		136,000	149,000	$ 0
Debt securities trading, at fair value		0	0
Equity securities		5,000,000	$ 0
Financial Asset, Past Due
Debt Securities, Available-for-sale [Line Items]
Debt securities, held-to-maturity, allowance for credit loss		$ 0

Investment Securities - Interes

Investment Securities - Interest Income on Investment Securities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Investments, Debt and Equity Securities [Abstract]
Taxable interest income	$ 14,801	$ 12,707	$ 14,558
Non-taxable interest income	115	227	381
Dividend income	613	1,098	1,385
Total interest income on investments	$ 15,529	$ 14,032	$ 16,324

Investment Securities - Contrac

Investment Securities - Contractual Maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Available-for-sale Securities, Debt Maturities, Amortized Cost
Due in less than one year	$ 27,500
Due from one to five years	60,144
Due from five to 10 years	62,680
Due after 10 years	440,559
Amortized Cost	590,883	$ 612,492
Available-for-sale Securities, Debt Maturities, Estimated Fair Value
Due in less than one year	27,536
Due from one to five years	60,675
Due from five to 10 years	62,819
Due after 10 years	435,295
Estimated Fair Value	586,325	617,570
Debt Securities, Held-to-maturity, Maturity, Amortized Cost, Net [Abstract]
Due in less than one year	890
Due from one to five years	15,167
Due from five to 10 years	94,514
Due after 10 years	692,141
Amortized Cost	802,712	211,840
Debt Securities, Held-to-maturity, Maturity, Fair Value [Abstract]
Due in less than one year	891
Due from one to five years	15,556
Due from five to 10 years	94,574
Due after 10 years	680,941
Estimated Fair Value	$ 791,962	$ 214,299

Investment Securities - Gains a

Investment Securities - Gains and Losses on Sales and Calls of Investment Securities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Investments, Debt and Equity Securities [Abstract]
Proceeds from sale of available-for-sale securities	$ 126,577	$ 120,400	$ 6,993
Proceeds from call of available-for-sale securities	13,000	11,426	17,336
Total proceeds from sale and call of available-for-sale securities	139,577	131,826	24,329
Gross realized gains on available-for-sale securities	235	3,846	312
Gross realized losses on available-for-sale securities	1	0	0
Net realized gains (losses) on sale and call of available-for-sale securities	234	3,846	312
Proceeds from sale of held-to-maturity securities	0	0	0
Proceeds from call of held-to-maturity securities	147,757	398,248	255,538
Total proceeds from sale and call of held-to-maturity securities	147,757	398,248	255,538
Gross realized gains on held-to-maturity securities	27	102	104
Gross realized losses on held-to-maturity securities	19	0	0
Net realized gains (losses) on sale and call of held-to-maturity securities	$ 8	$ 102	$ 104

Investment Securities - Debt Se

Investment Securities - Debt Securities, Held-to-maturity, Allowance for Credit Loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Debt Securities, Held-to-maturity, Allowance for Credit Loss
Balance, beginning of period	$ 149	$ 0
Provision (credit) for credit losses	(13)	100
Charge-offs	0	0
Recoveries	0	0
Balance, end of period	136	149
Cumulative Effect, Period of Adoption, Adjustment
Debt Securities, Held-to-maturity, Allowance for Credit Loss
Balance, beginning of period		49
Corporate Bonds
Debt Securities, Held-to-maturity, Allowance for Credit Loss
Balance, beginning of period	79	0
Provision (credit) for credit losses	(8)	30
Charge-offs	0	0
Recoveries	0	0
Balance, end of period	71	79
Corporate Bonds | Cumulative Effect, Period of Adoption, Adjustment
Debt Securities, Held-to-maturity, Allowance for Credit Loss
Balance, beginning of period		49
Non-agency Securitizations
Debt Securities, Held-to-maturity, Allowance for Credit Loss
Balance, beginning of period	70	0
Provision (credit) for credit losses	(5)	70
Charge-offs	0	0
Recoveries	0	0
Balance, end of period	65	70
Non-agency Securitizations | Cumulative Effect, Period of Adoption, Adjustment
Debt Securities, Held-to-maturity, Allowance for Credit Loss
Balance, beginning of period		0
Municipal Bonds
Debt Securities, Held-to-maturity, Allowance for Credit Loss
Balance, beginning of period	0	0
Provision (credit) for credit losses	0	0
Charge-offs	0	0
Recoveries	0	0
Balance, end of period	0	0
Municipal Bonds | Cumulative Effect, Period of Adoption, Adjustment
Debt Securities, Held-to-maturity, Allowance for Credit Loss
Balance, beginning of period		0
Agency Debentures and Securitizations
Debt Securities, Held-to-maturity, Allowance for Credit Loss
Balance, beginning of period	0	0
Provision (credit) for credit losses	0	0
Charge-offs	0	0
Recoveries	0	0
Balance, end of period	0	0
Agency Debentures and Securitizations | Cumulative Effect, Period of Adoption, Adjustment
Debt Securities, Held-to-maturity, Allowance for Credit Loss
Balance, beginning of period		0
U.S. Treasury Notes
Debt Securities, Held-to-maturity, Allowance for Credit Loss
Balance, beginning of period	0	0
Provision (credit) for credit losses	0	0
Charge-offs	0	0
Recoveries	0	0
Balance, end of period	$ 0	0
U.S. Treasury Notes | Cumulative Effect, Period of Adoption, Adjustment
Debt Securities, Held-to-maturity, Allowance for Credit Loss
Balance, beginning of period		$ 0

Investment Securities - Unreali

Investment Securities - Unrealized Losses (Details) $ in Thousands	Dec. 31, 2021USD ($)position	Dec. 31, 2020USD ($)position
Fair Value, Debt Securities, Available-for-sale [Line Items]
Less than 12 Months	$ 425,460	$ 132,040
12 Months or More	14,167	19,614
Total	439,627	151,654
Unrealized losses, Debt securities available-for-sale
Less than 12 Months	5,963	684
12 Months or More	262	254
Total	$ 6,225	$ 938
Available-for-sale, number of positions in an unrealized loss position | position	39	33
Corporate Bonds
Fair Value, Debt Securities, Available-for-sale [Line Items]
Less than 12 Months	$ 20,191	$ 28,796
12 Months or More	11,808	9,751
Total	31,999	38,547
Unrealized losses, Debt securities available-for-sale
Less than 12 Months	118	277
12 Months or More	155	249
Total	273	526
Trust preferred securities
Fair Value, Debt Securities, Available-for-sale [Line Items]
Less than 12 Months	2,046	13,313
12 Months or More	2,270	0
Total	4,316	13,313
Unrealized losses, Debt securities available-for-sale
Less than 12 Months	76	198
12 Months or More	107	0
Total	183	198
Non-agency residential mortgage-backed securities
Fair Value, Debt Securities, Available-for-sale [Line Items]
Less than 12 Months	277,118
12 Months or More	0
Total	277,118
Unrealized losses, Debt securities available-for-sale
Less than 12 Months	4,164
12 Months or More	0
Total	4,164
Agency collateralized mortgage obligations
Fair Value, Debt Securities, Available-for-sale [Line Items]
Less than 12 Months	1,600	0
12 Months or More	0	9,863
Total	1,600	9,863
Unrealized losses, Debt securities available-for-sale
Less than 12 Months	2	0
12 Months or More	0	5
Total	2	5
Agency mortgage-backed securities
Fair Value, Debt Securities, Available-for-sale [Line Items]
Less than 12 Months	119,320	89,931
12 Months or More	89	0
Total	119,409	89,931
Unrealized losses, Debt securities available-for-sale
Less than 12 Months	1,599	209
12 Months or More	0	0
Total	1,599	$ 209
Municipal Bonds
Fair Value, Debt Securities, Available-for-sale [Line Items]
Less than 12 Months	5,185
12 Months or More	0
Total	5,185
Unrealized losses, Debt securities available-for-sale
Less than 12 Months	4
12 Months or More	0
Total	$ 4

Investment Securities - Credit

Investment Securities - Credit Quality Indicator (Details) $ in Thousands	Dec. 31, 2021USD ($)
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities held-to-maturity, at amortized cost, net	$ 802,712
U.S. Treasury Notes
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities held-to-maturity, at amortized cost, net	39,097
Corporate Bonds
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities held-to-maturity, at amortized cost, net	25,167
Agency debentures
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities held-to-maturity, at amortized cost, net	36,794
Municipal Bonds
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities held-to-maturity, at amortized cost, net	890
Non-agency residential mortgage-backed securities
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities held-to-maturity, at amortized cost, net	184,731
Agency mortgage-backed securities
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities held-to-maturity, at amortized cost, net	516,033
Aaa
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities held-to-maturity, at amortized cost, net	776,655
Aaa | U.S. Treasury Notes
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities held-to-maturity, at amortized cost, net	39,097
Aaa | Corporate Bonds
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities held-to-maturity, at amortized cost, net	0
Aaa | Agency debentures
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities held-to-maturity, at amortized cost, net	36,794
Aaa | Municipal Bonds
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities held-to-maturity, at amortized cost, net	0
Aaa | Non-agency residential mortgage-backed securities
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities held-to-maturity, at amortized cost, net	184,731
Aaa | Agency mortgage-backed securities
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities held-to-maturity, at amortized cost, net	516,033
Aa
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities held-to-maturity, at amortized cost, net	480
Aa | U.S. Treasury Notes
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities held-to-maturity, at amortized cost, net	0
Aa | Corporate Bonds
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities held-to-maturity, at amortized cost, net	0
Aa | Agency debentures
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities held-to-maturity, at amortized cost, net	0
Aa | Municipal Bonds
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities held-to-maturity, at amortized cost, net	480
Aa | Non-agency residential mortgage-backed securities
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities held-to-maturity, at amortized cost, net	0
Aa | Agency mortgage-backed securities
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities held-to-maturity, at amortized cost, net	0
A
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities held-to-maturity, at amortized cost, net	410
A | U.S. Treasury Notes
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities held-to-maturity, at amortized cost, net	0
A | Corporate Bonds
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities held-to-maturity, at amortized cost, net	0
A | Agency debentures
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities held-to-maturity, at amortized cost, net	0
A | Municipal Bonds
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities held-to-maturity, at amortized cost, net	410
A | Non-agency residential mortgage-backed securities
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities held-to-maturity, at amortized cost, net	0
A | Agency mortgage-backed securities
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities held-to-maturity, at amortized cost, net	0
Baa
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities held-to-maturity, at amortized cost, net	25,167
Baa | U.S. Treasury Notes
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities held-to-maturity, at amortized cost, net	0
Baa | Corporate Bonds
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities held-to-maturity, at amortized cost, net	25,167
Baa | Agency debentures
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities held-to-maturity, at amortized cost, net	0
Baa | Municipal Bonds
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities held-to-maturity, at amortized cost, net	0
Baa | Non-agency residential mortgage-backed securities
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities held-to-maturity, at amortized cost, net	0
Baa | Agency mortgage-backed securities
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities held-to-maturity, at amortized cost, net	0
Ba
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities held-to-maturity, at amortized cost, net	0
Ba | U.S. Treasury Notes
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities held-to-maturity, at amortized cost, net	0
Ba | Corporate Bonds
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities held-to-maturity, at amortized cost, net	0
Ba | Agency debentures
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities held-to-maturity, at amortized cost, net	0
Ba | Municipal Bonds
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities held-to-maturity, at amortized cost, net	0
Ba | Non-agency residential mortgage-backed securities
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities held-to-maturity, at amortized cost, net	0
Ba | Agency mortgage-backed securities
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities held-to-maturity, at amortized cost, net	$ 0

Federal Home Loan Bank Stock -

Federal Home Loan Bank Stock - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Federal Home Loan Bank Stock [Abstract]
Federal Home Loan Bank membership minimum investment in capital stock on outstanding advances, percent	4.00%
Federal Home Loan Bank membership minimum investment in capital stock on issued letters of credits, percent	0.75%
Federal Home Loan Bank membership capital stock requirement on asset value, percent	0.10%
Federal Home Loan Bank minimum investment, required	$ 11,800
Federal Home Loan Bank, advances	250,000
Amount of letters of credit issued to customers	4,000
Federal Home Loan Bank membership basis for asset value, excluding advances	1,770,000
Federal Home Loan Bank stock	11,802	$ 13,284
Dividends received from holdings in FHLB capital stock	$ 613	$ 1,100	$ 1,300

Loans and Leases - Loans Receiv

Loans and Leases - Loans Receivable by Class (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases held-for-investment, net of deferred fees and costs	$ 10,763,324	$ 8,237,418
Allowance for credit losses on loans and leases	(28,563)	(34,630)
Loans and leases held-for-investment, net	10,734,761	8,202,788
Loans receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases held-for-investment, before deferred fees and costs	10,749,714	8,227,913
Net deferred loan costs (fees)	13,610	9,505
Loans and leases held-for-investment, net of deferred fees and costs	10,763,324	8,237,418
Allowance for credit losses on loans and leases	(28,563)	(34,630)
Loans and leases held-for-investment, net	10,734,761	8,202,788
Private Banking
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases held-for-investment, net of deferred fees and costs	6,886,498	4,807,800
Allowance for credit losses on loans and leases	(1,891)	(2,047)
Private Banking | Loans receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases held-for-investment, before deferred fees and costs	6,870,961	4,797,881
Net deferred loan costs (fees)	15,537	9,919
Loans and leases held-for-investment, net of deferred fees and costs	6,886,498	4,807,800
Allowance for credit losses on loans and leases	(1,891)	(2,047)
Loans and leases held-for-investment, net	6,884,607	4,805,753
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases held-for-investment, net of deferred fees and costs	1,513,423	1,274,152
Allowance for credit losses on loans and leases	(8,453)	(5,254)
Commercial and Industrial | Loans receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases held-for-investment, before deferred fees and costs	1,509,418	1,269,248
Net deferred loan costs (fees)	4,005	4,904
Loans and leases held-for-investment, net of deferred fees and costs	1,513,423	1,274,152
Allowance for credit losses on loans and leases	(8,453)	(5,254)
Loans and leases held-for-investment, net	1,504,970	1,268,898
Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases held-for-investment, net of deferred fees and costs	2,363,403	2,155,466
Allowance for credit losses on loans and leases	(18,219)	(27,329)
Commercial Real Estate | Loans receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases held-for-investment, before deferred fees and costs	2,369,335	2,160,784
Net deferred loan costs (fees)	(5,932)	(5,318)
Loans and leases held-for-investment, net of deferred fees and costs	2,363,403	2,155,466
Allowance for credit losses on loans and leases	(18,219)	(27,329)
Loans and leases held-for-investment, net	$ 2,345,184	$ 2,128,137

Loans and Leases - Narrative (D

Loans and Leases - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unfunded commitments	$ 10,740,000	$ 6,730,000
Loans in the process of origination	162,000	39,600
Reserve for losses on unfunded commitments	$ 2,900	$ 3,400
Interest only loans, percent	79.70%	76.10%
Amount of loans receivable with no stated maturity	$ 6,650,000	$ 4,570,000
Amount of loans receivable with stated maturity	$ 4,120,000	$ 3,670,000
Loan portfolio average remaining maturity (years)	4 years	4 years
Adjustable rate loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Variable rate loans, percent	95.00%	93.80%
Pennsylvania, new york and contiguous states
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans to customers within the Company’s primary market areas, percent	88.50%	90.30%
Standby letters of credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unfunded commitments	$ 60,800	$ 82,000
Standby letters of credit drawn during period	$ 4,200	$ 383

Allowance for Credit Losses o_3

Allowance for Credit Losses on Loans and Leases - Narrative (Details)	12 Months Ended
	Dec. 31, 2021USD ($)portfolioloan	Dec. 31, 2020USD ($)loan	Dec. 31, 2019USD ($)
Financing Receivable, Credit Quality Indicator [Line Items]
Number of loan portfolios | portfolio	3
Accrued interest receivable	$ 21,800,000	$ 16,400,000
Past due period for loans (in days)	90 days
Impaired and non-accrual loans	$ 16,812,000	9,680,000	$ 184,000
Interest income on impaired loans	0	0	0
Loans 90 days or more past due and still accruing	0	0
Related allowance on impaired loans	4,683,000	1,988,000	171,000
Unused commitments on TDRs	0	0
Loans modified as TDRs with payment defaults	$ 0	$ 0	0
Loan newly designated TRD's | loan	2	1
Real estate acquired through foreclosure	$ 2,000,000	$ 2,700,000
Proceeds from sale of property from other real estate owned	351,000	1,500,000
Net (loss) gain	(39,000)	65,000
Mortgage loans in process of foreclosure	0	0
Private Banking
Financing Receivable, Credit Quality Indicator [Line Items]
Impaired and non-accrual loans	0	0	184,000
Related allowance on impaired loans	$ 0	$ 0	$ 171,000
Private Banking | Cash and marketable securities collateral risk | Concentration risk, percentage
Financing Receivable, Credit Quality Indicator [Line Items]
Percentage of private banking loans secured by cash and marketable securities	99.00%	98.60%
Non-accrual
Financing Receivable, Credit Quality Indicator [Line Items]
Loans modified through troubled debt restructurings	$ 0	$ 2,900,000

Allowance for Credit Losses o_4

Allowance for Credit Losses on Loans and Leases - Credit Quality Indicator (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases held-for-investment, net of deferred fees and costs	$ 10,763,324,000	$ 8,237,418,000
Private Banking
Financing Receivable, Credit Quality Indicator [Line Items]
2021	21,365,000
2020	57,722,000
2019	29,935,000
2018	54,082,000
2017	7,121,000
Prior	50,545,000
Revolving Loans	6,665,728,000
Loans and leases held-for-investment, net of deferred fees and costs	6,886,498,000	4,807,800,000
Private Banking | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2021	21,365,000
2020	57,722,000
2019	29,935,000
2018	54,082,000
2017	7,121,000
Prior	50,545,000
Revolving Loans	6,665,728,000
Loans and leases held-for-investment, net of deferred fees and costs	6,886,498,000
Private Banking | Special mention
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0
2020	0
2019	0
2018	0
2017	0
Prior	0
Revolving Loans	0
Loans and leases held-for-investment, net of deferred fees and costs	0
Private Banking | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0
2020	0
2019	0
2018	0
2017	0
Prior	0
Revolving Loans	0
Loans and leases held-for-investment, net of deferred fees and costs	0
Private Banking | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0
2020	0
2019	0
2018	0
2017	0
Prior	0
Revolving Loans	0
Loans and leases held-for-investment, net of deferred fees and costs	0
Commercial and Industrial
Financing Receivable, Credit Quality Indicator [Line Items]
2021	240,980,000
2020	157,944,000
2019	188,636,000
2018	59,667,000
2017	40,101,000
Prior	25,507,000
Revolving Loans	800,588,000
Loans and leases held-for-investment, net of deferred fees and costs	1,513,423,000	1,274,152,000
Commercial and Industrial | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2021	240,980,000
2020	156,216,000
2019	186,879,000
2018	55,729,000
2017	39,523,000
Prior	25,328,000
Revolving Loans	787,778,000
Loans and leases held-for-investment, net of deferred fees and costs	1,492,433,000
Commercial and Industrial | Special mention
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0
2020	1,353,000
2019	0
2018	0
2017	0
Prior	138,000
Revolving Loans	3,826,000
Loans and leases held-for-investment, net of deferred fees and costs	5,317,000
Commercial and Industrial | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0
2020	0
2019	1,757,000
2018	0
2017	578,000
Prior	41,000
Revolving Loans	8,984,000
Loans and leases held-for-investment, net of deferred fees and costs	11,360,000
Commercial and Industrial | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0
2020	375,000
2019	0
2018	3,938,000
2017	0
Prior	0
Revolving Loans	0
Loans and leases held-for-investment, net of deferred fees and costs	4,313,000
Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
2021	572,630,000
2020	512,400,000
2019	460,157,000
2018	334,098,000
2017	187,090,000
Prior	261,411,000
Revolving Loans	35,617,000
Loans and leases held-for-investment, net of deferred fees and costs	2,363,403,000	$ 2,155,466,000
Commercial Real Estate | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2021	572,630,000
2020	512,139,000
2019	454,762,000
2018	333,477,000
2017	187,090,000
Prior	251,809,000
Revolving Loans	35,617,000
Loans and leases held-for-investment, net of deferred fees and costs	2,347,524,000
Commercial Real Estate | Special mention
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0
2020	0
2019	0
2018	0
2017	0
Prior	2,288,000
Revolving Loans	0
Loans and leases held-for-investment, net of deferred fees and costs	2,288,000
Commercial Real Estate | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0
2020	261,000
2019	5,395,000
2018	621,000
2017	0
Prior	7,314,000
Revolving Loans	0
Loans and leases held-for-investment, net of deferred fees and costs	13,591,000
Commercial Real Estate | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0
2020	0
2019	0
2018	0
2017	0
Prior	0
Revolving Loans	0
Loans and leases held-for-investment, net of deferred fees and costs	0
Loans And Leases Held-For-Investment
Financing Receivable, Credit Quality Indicator [Line Items]
2021	834,975,000
2020	728,066,000
2019	678,728,000
2018	447,847,000
2017	234,312,000
Prior	337,463,000
Revolving Loans	7,501,933,000
Loans and leases held-for-investment, net of deferred fees and costs	10,763,324,000
Revolving loans converted to term loans	$ 0

Allowance for Credit Losses o_5

Allowance for Credit Losses on Loans and Leases - Changes in Allowance (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Allowance for Loan and Lease Losses
Balance, beginning of period	$ 34,630	$ 14,108	$ 13,208
Provision (credit) for credit losses	820	19,301	(968)
Charge-offs	(7,115)	(171)	(112)
Recoveries	228	450	1,980
Balance, end of period	28,563	34,630	14,108
Cumulative Effect, Period of Adoption, Adjustment
Allowance for Loan and Lease Losses
Balance, beginning of period		942
Balance, end of period			942
Commercial and Industrial
Allowance for Loan and Lease Losses
Balance, beginning of period	5,254	5,262	5,764
Provision (credit) for credit losses	7,604	1,973	(2,482)
Charge-offs	(4,633)	0	0
Recoveries	228	450	1,980
Balance, end of period	8,453	5,254	5,262
Commercial and Industrial | Cumulative Effect, Period of Adoption, Adjustment
Allowance for Loan and Lease Losses
Balance, beginning of period		(2,431)
Balance, end of period			(2,431)
Commercial Real Estate
Allowance for Loan and Lease Losses
Balance, beginning of period	27,329	6,873	5,502
Provision (credit) for credit losses	(6,628)	16,896	1,371
Charge-offs	(2,482)	0	0
Recoveries	0	0	0
Balance, end of period	18,219	27,329	6,873
Commercial Real Estate | Cumulative Effect, Period of Adoption, Adjustment
Allowance for Loan and Lease Losses
Balance, beginning of period		3,560
Balance, end of period			3,560
Private Banking
Allowance for Loan and Lease Losses
Balance, beginning of period	2,047	1,973	1,942
Provision (credit) for credit losses	(156)	432	143
Charge-offs	0	(171)	(112)
Recoveries	0	0	0
Balance, end of period	$ 1,891	2,047	1,973
Private Banking | Cumulative Effect, Period of Adoption, Adjustment
Allowance for Loan and Lease Losses
Balance, beginning of period		$ (187)
Balance, end of period			$ (187)

Allowance for Credit Losses o_6

Allowance for Credit Losses on Loans and Leases - Analysis of Past Due Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans and leases held-for-investment	$ 10,763,324	$ 8,237,418
30-59 Days Past Due
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans and leases held-for-investment	678	3,176
60-89 Days Past Due
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans and leases held-for-investment	0	0
90 Days or More Past Due
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans and leases held-for-investment	4,313	6,754
Financial Asset, Past Due
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans and leases held-for-investment	4,991	9,930
Financial Asset, Not Past Due
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans and leases held-for-investment	10,758,333	8,227,488
Private Banking
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans and leases held-for-investment	6,886,498	4,807,800
Private Banking | 30-59 Days Past Due
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans and leases held-for-investment	678	250
Private Banking | 60-89 Days Past Due
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans and leases held-for-investment	0	0
Private Banking | 90 Days or More Past Due
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans and leases held-for-investment	0	0
Private Banking | Financial Asset, Past Due
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans and leases held-for-investment	678	250
Private Banking | Financial Asset, Not Past Due
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans and leases held-for-investment	6,885,820	4,807,550
Commercial and Industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans and leases held-for-investment	1,513,423	1,274,152
Commercial and Industrial | 30-59 Days Past Due
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans and leases held-for-investment	0	0
Commercial and Industrial | 60-89 Days Past Due
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans and leases held-for-investment	0	0
Commercial and Industrial | 90 Days or More Past Due
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans and leases held-for-investment	4,313	458
Commercial and Industrial | Financial Asset, Past Due
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans and leases held-for-investment	4,313	458
Commercial and Industrial | Financial Asset, Not Past Due
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans and leases held-for-investment	1,509,110	1,273,694
Commercial Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans and leases held-for-investment	2,363,403	2,155,466
Commercial Real Estate | 30-59 Days Past Due
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans and leases held-for-investment	0	2,926
Commercial Real Estate | 60-89 Days Past Due
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans and leases held-for-investment	0	0
Commercial Real Estate | 90 Days or More Past Due
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans and leases held-for-investment	0	6,296
Commercial Real Estate | Financial Asset, Past Due
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans and leases held-for-investment	0	9,222
Commercial Real Estate | Financial Asset, Not Past Due
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans and leases held-for-investment	$ 2,363,403	$ 2,146,244

Allowance for Credit Losses o_7

Allowance for Credit Losses on Loans and Leases - Impaired Loans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Amortized Cost
With a related allowance	$ 16,812	$ 9,680	$ 171
Without a related allowance	0	0	13
Total	16,812	9,680	184
Unpaid Principal Balance
With a related allowance	21,128	9,708	193
Without a related allowance	0	0	13
Total	21,128	9,708	206
Related Allowance	4,683	1,988	171
Average Recorded Investment
With a related allowance	20,692	9,680	171
Without a related allowance	0	0	13
Total	20,692	9,680	184
Interest Income Recognized
With a related allowance	842	0	0
Without a related allowance	0	0	0
Total	842	0	0
Private banking
Amortized Cost
With a related allowance	0	0	171
Without a related allowance	0	0	13
Total	0	0	184
Unpaid Principal Balance
With a related allowance	0	0	193
Without a related allowance	0	0	13
Total	0	0	206
Related Allowance	0	0	171
Average Recorded Investment
With a related allowance	0	0	171
Without a related allowance	0	0	13
Total	0	0	184
Interest Income Recognized
With a related allowance	0	0	0
Without a related allowance	0	0	0
Total	0	0	0
Commercial and industrial
Amortized Cost
With a related allowance	15,673	458	0
Without a related allowance	0	0	0
Total	15,673	458	0
Unpaid Principal Balance
With a related allowance	19,989	457	0
Without a related allowance	0	0	0
Total	19,989	457	0
Related Allowance	4,646	103	0
Average Recorded Investment
With a related allowance	19,553	458	0
Without a related allowance	0	0	0
Total	19,553	458	0
Interest Income Recognized
With a related allowance	786	0	0
Without a related allowance	0	0	0
Total	786	0	0
Commercial real estate
Amortized Cost
With a related allowance	1,139	9,222	0
Without a related allowance	0	0	0
Total	1,139	9,222	0
Unpaid Principal Balance
With a related allowance	1,139	9,251	0
Without a related allowance	0	0	0
Total	1,139	9,251	0
Related Allowance	37	1,885	0
Average Recorded Investment
With a related allowance	1,139	9,222	0
Without a related allowance	0	0	0
Total	1,139	9,222	0
Interest Income Recognized
With a related allowance	56	0	0
Without a related allowance	0	0	0
Total	$ 56	$ 0	$ 0

Allowance for Credit Losses o_8

Allowance for Credit Losses on Loans and Leases - Allowance (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Allowance for credit losses on loans and leases:
Individually evaluated for impairment	$ 4,683	$ 1,988
Collectively evaluated for impairment	23,880	32,642
Total allowance for credit losses on loans and leases	28,563	34,630
Loans and leases held-for-investment:
Individually evaluated for impairment	16,812	9,680
Collectively evaluated for impairment	10,746,512	8,227,738
Loans and leases held-for-investment, net of deferred fees and costs	10,763,324	8,237,418
Private Banking
Allowance for credit losses on loans and leases:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	1,891	2,047
Total allowance for credit losses on loans and leases	1,891	2,047
Loans and leases held-for-investment:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	6,886,498	4,807,800
Loans and leases held-for-investment, net of deferred fees and costs	6,886,498	4,807,800
Commercial and Industrial
Allowance for credit losses on loans and leases:
Individually evaluated for impairment	4,646	103
Collectively evaluated for impairment	3,807	5,151
Total allowance for credit losses on loans and leases	8,453	5,254
Loans and leases held-for-investment:
Individually evaluated for impairment	15,673	458
Collectively evaluated for impairment	1,497,750	1,273,694
Loans and leases held-for-investment, net of deferred fees and costs	1,513,423	1,274,152
Commercial Real Estate
Allowance for credit losses on loans and leases:
Individually evaluated for impairment	37	1,885
Collectively evaluated for impairment	18,182	25,444
Total allowance for credit losses on loans and leases	18,219	27,329
Loans and leases held-for-investment:
Individually evaluated for impairment	1,139	9,222
Collectively evaluated for impairment	2,362,264	2,146,244
Loans and leases held-for-investment, net of deferred fees and costs	$ 2,363,403	$ 2,155,466

Allowance for Credit Losses o_9

Allowance for Credit Losses on Loans and Leases - Modifications (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)loan	Dec. 31, 2020USD ($)loan
Financing Receivable, Troubled Debt Restructuring [Line Items]
Count | loan	2	1
Recorded Investment at the time of Modification	$ 12,499	$ 2,926
Current Recorded Investment	12,499	2,926
Allowance for Credit Losses at the time of Modification	371	468
Current Allowance for Credit Losses	$ 371	$ 468
Commercial and Industrial | Extended Term and Deferred Principal
Financing Receivable, Troubled Debt Restructuring [Line Items]
Count | loan	1
Recorded Investment at the time of Modification	$ 11,360
Current Recorded Investment	11,360
Allowance for Credit Losses at the time of Modification	334
Current Allowance for Credit Losses	$ 334
Commercial real estate | Extended Term and Deferred Principal
Financing Receivable, Troubled Debt Restructuring [Line Items]
Count | loan	1	1
Recorded Investment at the time of Modification	$ 1,139	$ 2,926
Current Recorded Investment	1,139	2,926
Allowance for Credit Losses at the time of Modification	37	468
Current Allowance for Credit Losses	$ 37	$ 468

Allowance for Credit Losses _10

Allowance for Credit Losses on Loans and Leases- Troubled Debt Restructuring (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Non-accrual
Financing Receivable, Troubled Debt Restructuring [Line Items]
Loans modified through troubled debt restructurings	$ 0	$ 2.9
Accrual
Financing Receivable, Troubled Debt Restructuring [Line Items]
Loans modified through troubled debt restructurings	$ 12.5	$ 0

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Changes in Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Goodwill
Balance, beginning of period	$ 41,660	$ 41,660
Additions	0	0
Balance, end of period	$ 41,660	$ 41,660

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Change in Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Intangible Assets
Balance, beginning of period	$ 22,251	$ 24,194
Additions	0	0
Amortization	(1,911)	(1,943)
Balance, end of period	$ 20,340	$ 22,251

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Intangible Assets by Class (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Amount	$ 25,332	$ 25,332
Accumulated Amortization	(14,292)	(12,381)
Total finite-lived intangibles	11,040	12,951
Intangible assets, gross	34,632	34,632
Net Carrying Amount	20,340	22,251	$ 24,194
Mutual fund client relationships (indefinite-lived)
Acquired Finite-Lived Intangible Assets [Line Items]
Indefinite-lived intangibles	9,300	9,300
Trade name
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Amount	4,040	4,040
Accumulated Amortization	(1,112)	(939)
Total finite-lived intangibles	2,928	3,101
Sub-advisory client list
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Amount	11,645	11,645
Accumulated Amortization	(6,708)	(5,838)
Total finite-lived intangibles	4,937	5,807
Separate managed accounts client list
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Amount	3,175	3,175
Accumulated Amortization	(1,716)	(1,404)
Total finite-lived intangibles	1,459	1,771
Other institutional client list
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Amount	5,950	5,950
Accumulated Amortization	(4,237)	(3,696)
Total finite-lived intangibles	1,713	2,254
Non-compete agreements
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Amount	522	522
Accumulated Amortization	(519)	(504)
Total finite-lived intangibles	$ 3	$ 18

Goodwill and Other Intangible_6

Goodwill and Other Intangible Assets - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible amortization expense	$ 1,911	$ 1,944	$ 2,009

Goodwill and Other Intangible_7

Goodwill and Other Intangible Assets - Intangible Assets Expected Amortization Expense (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
2022	$ 1,900
2023	1,897
2024	1,806
2025	1,336
2026	1,246
Thereafter	2,855
Total finite-lived intangibles	$ 11,040	$ 12,951

Office Properties and Equipme_3

Office Properties and Equipment - By Major Classification (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Office properties and equipment, gross	$ 39,050	$ 28,610
Accumulated depreciation	(19,217)	(16,241)
Net office properties and equipment	19,833	12,369
Furniture, fixtures and equipment
Property, Plant and Equipment [Line Items]
Office properties and equipment, gross	26,695	20,244
Leasehold improvements
Property, Plant and Equipment [Line Items]
Office properties and equipment, gross	$ 12,355	$ 8,366

Office Properties and Equipme_4

Office Properties and Equipment - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Office Properties and Equipment [Abstract]
Depreciation expense	$ 3	$ 2.3	$ 1.6

Operating Leases - Narrative (D

Operating Leases - Narrative (Details) $ in Millions	12 Months Ended
	Dec. 31, 2021USD ($)officeoption	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Lessee, Lease, Description [Line Items]
Operating lease, number of office spaces | office	6
Minimum number of lease renewal options | option	1
Operating lease cost	$ 3.2	$ 3.1	$ 2.8
Deferred rent liability	$ 1.8	$ 1.7
Weighted average remaining lease term	13 years
Weighted average discount rate	3.80%
Minimum
Lessee, Lease, Description [Line Items]
Renewal term	1 year
Maximum
Lessee, Lease, Description [Line Items]
Renewal term	5 years

Operating Leases - Maturities o

Operating Leases - Maturities of Lease Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
2022	$ 3,112
2023	3,678
2024	3,612
2025	3,756
2026	3,672
Thereafter	29,452
Total undiscounted lease payments	47,282
Imputed interest	10,345
Operating lease liability	$ 36,937	$ 22,958

Deposits - Schedule of Deposits

Deposits - Schedule of Deposits by Type (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Interest Rate Range Domestic Deposit Liabilities [Abstract]
Interest-bearing checking accounts, percent, minimum	0.05%
Interest-bearing checking accounts, percent, maximum	1.70%
Money market deposit accounts, percent, minimum	0.10%
Money market deposit accounts, percent, maximum	3.25%
Time deposits, percent, minimum	0.04%
Time deposits, percent, maximum	3.15%
Weighted Average Rate Domestic Deposit Liabilities [Abstract]
Interest-bearing checking accounts, percent	0.35%	0.38%
Money market deposit accounts, percent	0.40%	0.56%
Time deposits, percent	0.41%	1.08%
Weighted average rate on interest-bearing accounts	0.38%	0.56%
Domestic Deposit Liabilities, Demand and Savings Accounts
Noninterest-bearing checking accounts	$ 776,256	$ 456,426
Interest-bearing checking accounts	4,318,523	3,068,834
Money market deposit accounts	5,632,093	3,927,797
Total demand and savings accounts	10,726,872	7,453,057
Certificates of deposit	777,517	1,036,032
Total deposits	$ 11,504,389	$ 8,489,089

Deposits - Narrative (Details)

Deposits - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Deposits [Abstract]
Brokered deposits	$ 955.5	$ 753.3
Certificate of Deposit Account Registry Service (CDARS) and Insured Cash Sweep (ICS), brokered	2,060	1,720
Time deposits, $100,000 or more, excluding brokered cds	477	534.3
Time deposits, $250,000 or more, excluding brokered cds	$ 126.4	$ 159.6

Deposits - Contractual Maturiti

Deposits - Contractual Maturities of Time Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Time Deposits, Rolling Year Maturity [Abstract]
12 months or less	$ 693,339	$ 892,427
12 months to 24 months	72,735	132,443
24 months to 36 months	11,443	11,162
Total	$ 777,517	$ 1,036,032

Deposits - Interest Expense on

Deposits - Interest Expense on Deposits by Deposit Type (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Interest Expense, Deposits
Interest-bearing checking accounts	$ 13,106	$ 14,493	$ 21,480
Money market deposit accounts	23,299	35,095	69,336
Certificates of deposit	5,099	19,614	34,776
Total interest expense on deposits	$ 41,504	$ 69,202	$ 125,592

Borrowings - Schedule of Borrow

Borrowings - Schedule of Borrowings (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Total borrowings, net	$ 470,163	$ 400,493
Subordinated debt | Subordinated notes payable 5.75 percent
Debt Instrument [Line Items]
Long-term debt interest rate	5.75%	5.75%
Long-term debt	$ 95,708	$ 95,493
Debt issuance costs	$ 1,792	2,007
Senior notes payable | Senior notes payable
Debt Instrument [Line Items]
Long-term debt interest rate	2.25%
Long-term debt	$ 124,455
Debt issuance costs	$ 545	$ 0
FHLB borrowings | Issued 12/20/2021
Debt Instrument [Line Items]
Short-term debt interest rate	0.30%
Short-term debt	$ 50,000
FHLB borrowings | Issued 12/2/2021
Debt Instrument [Line Items]
Short-term debt interest rate	0.27%
Short-term debt	$ 50,000
FHLB borrowings | Issued 12/1/2021
Debt Instrument [Line Items]
Short-term debt interest rate	0.27%
Short-term debt	$ 150,000
FHLB borrowings | Issued 12/21/2020
Debt Instrument [Line Items]
Short-term debt interest rate		0.39%
Short-term debt		$ 50,000
FHLB borrowings | Issued 12/2/2020
Debt Instrument [Line Items]
Short-term debt interest rate		0.33%
Short-term debt		$ 50,000
FHLB borrowings | Issued 12/1/2020
Debt Instrument [Line Items]
Short-term debt interest rate		0.33%
Short-term debt		$ 150,000
FHLB borrowings | Issued 10/8/2020
Debt Instrument [Line Items]
Short-term debt interest rate		0.39%
Short-term debt		$ 50,000
Line of credit borrowings
Debt Instrument [Line Items]
Short-term debt interest rate		4.25%
Short-term debt	$ 0	$ 5,000

Borrowings - Narrative (Details

Borrowings - Narrative (Details) - USD ($)	Dec. 15, 2021	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Aug. 31, 2021	Feb. 18, 2021
Short-term Debt [Line Items]
Net proceeds from issuance of senior and subordinated notes payable		$ 124,455,000	$ 95,349,000	$ 0
Line of credit borrowings
Short-term Debt [Line Items]
Short-term debt		0	5,000,000
PNC
Short-term Debt [Line Items]
Line of credit facility, current borrowing capacity		8,000,000
PNC | Financial Guarantee
Short-term Debt [Line Items]
Notional value		3,400,000
TriState capital bank | FHLB borrowings
Short-term Debt [Line Items]
Short-term debt		250,000,000	300,000,000
TriState capital bank | Federal home loan bank
Short-term Debt [Line Items]
Pledged loans receivable, for Federal Home Loan Bank		1,450,000,000
TriState capital bank | Federal home loan bank | Line of credit borrowings
Short-term Debt [Line Items]
Line of credit facility, current borrowing capacity		1,030,000,000
TriState capital bank | M&T Bank | Line of credit borrowings
Short-term Debt [Line Items]
Line of credit facility, current borrowing capacity		10,000,000
Short-term debt		0	0
TriState capital bank | Texas capital bank | Line of credit borrowings
Short-term Debt [Line Items]
Line of credit facility, current borrowing capacity		20,000,000	75,000,000			$ 75,000,000
Short-term debt		0	0
Amount outstanding			5,000,000
Line of credit outstanding		$ 0
TriState capital bank | PNC | Financial Guarantee
Short-term Debt [Line Items]
Standby letter of credit					$ 643,000
Subordinated notes payable 5.75 percent | Subordinated debt
Short-term Debt [Line Items]
Net proceeds from issuance of senior and subordinated notes payable			$ 97,500,000
Debt term			10 years
Long-term debt interest rate		5.75%	5.75%
Senior notes payable | Unsecured Debt
Short-term Debt [Line Items]
Debt instrument, face amount	$ 125,000,000
Interest rate	2.25%
Redemption price percentage	100.00%

Borrowings - Interest Expense o

Borrowings - Interest Expense of Borrowings by Type (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Interest expense on borrowings	$ 10,434	$ 9,949	$ 9,798
Senior and subordinated notes payable
Debt Instrument [Line Items]
Interest expense on borrowings	5,938	3,593	1,091
FHLB borrowings
Debt Instrument [Line Items]
Interest expense on borrowings	4,348	6,095	8,639
Line of credit borrowings
Debt Instrument [Line Items]
Interest expense on borrowings	$ 148	$ 261	$ 68

Income Taxes - Effective Income

Income Taxes - Effective Income Tax Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income tax provision (benefit) reconciled to taxes computed at the statutory federal rate
Tax provision at statutory rate	$ 19,048	$ 11,056	$ 14,418
Nondeductible expenses	1,299	772	919
Bank owned life insurance	(450)	(366)	(364)
Stock option exercises and cancellations	(193)	(288)	(668)
State tax expense, net of federal benefit	4,237	1,636	2,481
Adjustments to prior year tax	98	284	(121)
Tax exempt income, net of disallowed interest	(25)	(47)	(71)
Renewable energy tax credits	(3,504)	(1,531)	(1,912)
Low-income housing tax credits	(1,115)	(880)	(364)
Historic tax credits	(6,752)	(3,273)	(6,036)
Other	0	49	183
Income tax provision	$ 12,643	$ 7,412	$ 8,465

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Net low income housing tax credits, amortization and tax benefits	$ 1,115	$ 880	$ 364
Investment in low income housing tax credits	31,100
Investment in low income housing tax credits unfunded	6,000
Investment in low income housing tax credits	11,400
Investment in low income housing tax credits unfunded	8,100
Valuation allowance	367	0
Net operating loss carryforwards - state	13,600
General business credits	14,207	14,551
Estimated unrecognized tax benefits	$ 75	$ 628	$ 478

Income Taxes - Income Tax Compo

Income Taxes - Income Tax Components (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Expense (Benefit), Continuing Operations [Abstract]
Current income tax provision - federal	$ 7,927	$ 4,812	$ 4,058
Current income tax provision - state	3,911	2,094	1,767
Deferred tax provision (benefit) - federal	(342)	431	1,312
Deferred tax provision - state	1,147	75	1,328
Income tax provision	$ 12,643	$ 7,412	$ 8,465

Income Taxes - Components of De

Income Taxes - Components of Deferred Taxes (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Deferred tax assets:
Net operating loss - state	$ 672	$ 672
Start-up expenses	0	9
Stock compensation	2,415	1,546
Compensation related accruals	3,753	4,311
Leasehold improvement	590	666
Allowance for credit losses on loans and leases	7,887	8,369
Right-of-use liability	8,892	4,891
Reserve for unfunded commitments	701	820
Supplemental executive retirement plan	919	917
Transaction costs	802	112
Earn out liability non-purchase accounting	181	214
Unrealized loss on investments and derivatives	1,012	857
State bonus depreciation	2,557	3,535
General business credits	14,207	14,551
Valuation allowance	(367)	0
Other	1,727	31
Gross deferred tax assets	45,948	41,501
Deferred tax liabilities:
Office properties and equipment	(32,749)	(31,632)
Prepaid expenses	(475)	(649)
Deferred loan costs	(4,714)	(5,036)
Intangibles	(3,063)	(257)
Goodwill	(2,710)	(4,885)
State capital shares tax liability	(109)	(229)
Right-of-use asset	(8,454)	(4,489)
Gross deferred tax liability	(52,274)	(47,177)
Net deferred tax liability	$ (6,326)	$ (5,676)

Income Taxes - Change in Net De

Income Taxes - Change in Net Deferred Tax (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Tax Credit Carryforward [Line Items]
Deferred tax provision	$ (805)	$ (506)
Deferred tax impact from other comprehensive income	155	1,218
Change in net deferred tax asset or liability	(650)	1,255
Cumulative Effect, Period of Adoption, Adjustment
Tax Credit Carryforward [Line Items]
Deferred tax provision	$ 0	$ 543

Income Taxes - Unrecognized Tax

Income Taxes - Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns
Beginning of year balance	$ 685	$ 528	$ 704
Increases in prior period tax positions	0	0	111
Decreases in prior period tax positions	0	(46)	0
Increases in current period tax positions	0	203	148
Settlements	(508)	0	(435)
End of year balance	$ 177	$ 685	$ 528

Stock Transactions - Narrative

Stock Transactions - Narrative (Details) $ / shares in Units, $ in Thousands	Oct. 10, 2020USD ($)$ / sharesshares	May 31, 2019USD ($)$ / sharesshares	Mar. 31, 2018	Dec. 31, 2021USD ($)shares	Dec. 31, 2020USD ($)instrument$ / sharesshares	Dec. 31, 2019USD ($)$ / sharesshares
Class of Stock [Line Items]
Net proceeds from issuance of stock				$ 0	$ 100,002	$ 77,611
Dividends paid				$ 7,947	$ 7,849	$ 5,753
Shares repurchased (in shares) | shares				102,611	141,500	21,512
Cost of shares repurchased				$ 2,108	$ 3,589	$ 2,312
Treasury stock, acquired cost				2,100	2,900	$ 493
Reissuance of treasury stock					$ 110
Treasury Stock
Class of Stock [Line Items]
Shares repurchased (in shares) | shares					40,000	90,000
Cost of shares repurchased				$ 2,108	$ 3,589	$ 2,312
Treasury stock reissued (in shares) | shares				8,500	(8,500)
Reissuance of treasury stock				$ 135	$ 135
Private Placement
Class of Stock [Line Items]
Proceeds from warrant exercises	$ 105,000
Proceeds from warrant exercises, additional proceeds	$ 16,100
Number of equity instruments issued | instrument					3
Series C preferred stock
Class of Stock [Line Items]
Shares issued upon conversion (usd per share) | $ / shares	$ 13.75
Dividends paid				4,500
Series C preferred stock | Private Placement
Class of Stock [Line Items]
Shares issued (in shares) | shares	650
Consideration received	$ 65,000
Liquidation preference (usd per share) | $ / shares	$ 100,000
Dividend rate	6.75%
Depositary share
Class of Stock [Line Items]
Liquidation preference (usd per share) | $ / shares		$ 25
Issuance of shares (in shares) | shares		3,200,000
Depositary share | Public offering
Class of Stock [Line Items]
Issuance of shares (in shares) | shares		3,200,000
Series A preferred stock
Class of Stock [Line Items]
Liquidation preference (usd per share) | $ / shares		$ 1,000
Dividend rate		6.375%
Issuance of shares (in shares) | shares		80,500
Net proceeds from issuance of stock		$ 77,600
Dividends paid				2,700	$ 2,700	2,700
Series B preferred stock
Class of Stock [Line Items]
Basis spread		4.088%
Dividends paid				5,100	5,100	3,100
Common stock
Class of Stock [Line Items]
Cost of shares repurchased					$ 671	$ 1,800
Average cost per share (usd per share) | $ / shares					$ 16.76	$ 20.21
Common stock | Share repurchase program
Class of Stock [Line Items]
Stock repurchase program, remaining authorized repurchase amount				$ 7,300
Common stock | Private Placement
Class of Stock [Line Items]
Shares issued (in shares) | shares	2,770,083
Consideration received	$ 40,000
Number of securities called (in shares) | shares	922,438
Exercise price (usd per share) | $ / shares	$ 17.50
Conversion period	2 years
Series A preferred stock depositary share
Class of Stock [Line Items]
Conversion from depository to preferred shares			0.025
Series B preferred stock depositary share
Class of Stock [Line Items]
Conversion from depository to preferred shares		0.025

Stock Transactions - Shares Out

Stock Transactions - Shares Outstanding Activity (Details) - shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Number of Shares Outstanding
Shares repurchased (in shares)	102,611	141,500	21,512
Preferred Stock
Number of Shares Outstanding
Balance, beginning of period	121,400	120,750	40,250
Issuance of shares	33	650	80,500
Balance, ending of period	121,433	121,400	120,750
Common stock
Number of Shares Outstanding
Balance, beginning of period	32,620,150	29,355,986	28,878,674
Issuance of shares		2,770,083
Issuance of restricted common stock	633,386	638,832	580,453
Forfeitures of restricted common stock	(12,297)	(32,751)	(78,209)
Exercise of stock options	124,870	61,000	86,580
Shares repurchased (in shares)		(40,000)	(90,000)
Increase in treasury stock related to equity awards	(102,611)	(141,500)	(21,512)
Reissuance of treasury stock		8,500
Balance, ending of period	33,263,498	32,620,150	29,355,986
Treasury Stock
Number of Shares Outstanding
Balance, beginning of period	2,299,422	2,126,422	2,014,910
Shares repurchased (in shares)		40,000	90,000
Increase in treasury stock related to equity awards	102,611	141,500	21,512
Reissuance of treasury stock	8,500	(8,500)
Balance, ending of period	2,402,033	2,299,422	2,126,422

Regulatory Capital - Narrative

Regulatory Capital - Narrative (Details)	12 Months Ended
	Dec. 31, 2021
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]
Percentage conservation buffer required for capital adequacy to risk weighted assets, fully phased-in	2.50%

Regulatory Capital - Schedule o

Regulatory Capital - Schedule of Regulatory Capital (Details) $ in Thousands	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)
Total risk-based capital (Amount)
Total risk-based capital	$ 910,320	$ 833,819
Total risk-based capital required for capital adequacy	$ 542,409	$ 472,267
Total risk-based capital (Ratio)
Total risk-based capital, ratio	0.1343	0.1412
Total risk-based capital required for capital adequacy, ratio	0.0800	0.0800
Tier 1 risk-based capital (Amount)
Tier 1 risk-based capital	$ 788,910	$ 707,711
Tier 1 risk-based capital required for capital adequacy	$ 406,807	$ 354,200
Tier 1 risk-based capital (Ratio)
Tier 1 risk-based capital, ratio	0.1164	0.1199
Tier 1 risk-based capital required for capital adequacy, ratio	0.0600	0.0600
Common equity tier one capital (Amount)
Common equity tier one capital	$ 607,367	$ 530,568
Common equity tier one risk-based capital required for capital adequacy	$ 305,105	$ 265,650
Common equity tier one capital (Ratio)
Common equity tier one capital, ratio	0.0896	0.0899
Common equity tier one risk-based capital required for capital adequacy, ratio	4.50%	4.50%
Tier 1 leverage (Amount)
Tier 1 leverage capital	$ 788,910	$ 707,711
Tier 1 leverage capital required for capital adequacy	$ 496,431	$ 388,408
Tier 1 leverage (Ratio)
Tier 1 leverage capital, ratio	0.0636	0.0729
Tier 1 leverage capital required for capital adequacy, ratio	0.0400	0.0400
TriState capital bank
Total risk-based capital (Amount)
Total risk-based capital	$ 986,657	$ 789,273
Total risk-based capital required for capital adequacy	540,639	470,820
Total risk-based capital required to be well capitalized	$ 675,798	$ 588,525
Total risk-based capital (Ratio)
Total risk-based capital, ratio	0.1460	0.1341
Total risk-based capital required for capital adequacy, ratio	0.0800	0.0800
Total risk-based capital required to be well capitalized, ratio	0.1000	0.1000
Tier 1 risk-based capital (Amount)
Tier 1 risk-based capital	$ 960,955	$ 758,658
Tier 1 risk-based capital required for capital adequacy	405,479	353,115
Tier 1 risk-based capital required to be well capitalized	$ 540,639	$ 470,820
Tier 1 risk-based capital (Ratio)
Tier 1 risk-based capital, ratio	0.1422	0.1289
Tier 1 risk-based capital required for capital adequacy, ratio	0.0600	0.0600
Tier 1 risk-based capital required to be well capitalized, ratio	0.0800	0.0800
Common equity tier one capital (Amount)
Common equity tier one capital	$ 960,955	$ 758,658
Common equity tier one risk-based capital required for capital adequacy	304,109	264,836
Common equity tier one risk-based capital required to be well capitalized	$ 439,269	$ 382,542
Common equity tier one capital (Ratio)
Common equity tier one capital, ratio	0.1422	0.1289
Common equity tier one risk-based capital required for capital adequacy, ratio	4.50%	4.50%
Common equity tier one risk-based capital required to be well capitalized, ratio	6.50%	6.50%
Tier 1 leverage (Amount)
Tier 1 leverage capital	$ 960,955	$ 758,658
Tier 1 leverage capital required for capital adequacy	495,417	387,626
Tier 1 leverage capital required to be well capitalized	$ 619,271	$ 484,533
Tier 1 leverage (Ratio)
Tier 1 leverage capital, ratio	0.0776	0.0783
Tier 1 leverage capital required for capital adequacy, ratio	0.0400	0.0400
Tier 1 leverage capital required to be well capitalized, ratio	0.0500	0.0500

Employee Benefit Plans - Narrat

Employee Benefit Plans - Narrative (Details) - USD ($) $ in Thousands	Feb. 28, 2013	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Employer's contribution to employees' 401(k) plan, percent		3.00%	3.00%	3.00%
Defined contribution plan eligible to participate age		21
Contribution expense, 401(k)		$ 1,100	$ 1,100	$ 1,000
Chief executive officer | Supplemental employee retirement plans, defined benefit
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Vesting period (in years)	5 years
Projected monthly payments	$ 25
Number of months projected payments paid (in months)	180 months
Other postretirement benefit expense		$ 38	$ 149	$ 8
Discount rate, SERP		2.37%	2.52%	3.66%
Liability recorded		$ 3,800	$ 3,800
Chief executive officer | Supplemental employee retirement plans, defined benefit | Minimum
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Number of months before commencement (in months)	60 months

Earnings Per Common Share - Sch

Earnings Per Common Share - Schedule of Earnings Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net income	$ 78,060	$ 45,234	$ 60,193
Preferred stock dividends	12,348	7,873	5,753
Net income available to common shareholders	65,712	37,361	54,440
Allocation of net income available:
Common shareholders	55,487	37,320	54,440
Series C convertible preferred shareholders	8,590	34	0
Warrant shareholders	$ 1,635	$ 7	$ 0
Basic weighted average common shares outstanding:
Basic weighted average common shares outstanding (in shares)	31,315,235	28,267,512	27,864,933
Series C convertible preferred stock, as-if converted (in shares)	4,848,039	25,832	0
Warrants, as-if exercised (in shares)	922,438	5,041	0
Earnings per share, basic (in usd per share)	$ 1.77	$ 1.32	$ 1.95
Diluted earnings per common share:
Income available to common shareholders after allocation	$ 55,487	$ 37,320	$ 54,440
Basic common shares (in shares)	31,315,235	28,267,512	27,864,933
Restricted stock - dilutive (in shares)	994,997	345,026	633,802
Stock options - dilutive (in shares)	149,716	125,930	334,600
Diluted weighted average common shares outstanding (in shares)	32,459,948	28,738,468	28,833,335
Earnings per share, diluted (in usd per share)	$ 1.71	$ 1.30	$ 1.89
Series A and B Preferred Stock
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Preferred stock dividends	$ 7,849	$ 7,849	$ 5,753
Series C preferred stock
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Preferred stock dividends	$ 4,499	$ 24	$ 0

Earnings Per Common Share - Ant

Earnings Per Common Share - Anti-Dilutive Shares (Details) - shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares (in shares)	5,927,210	6,231,427	31,500
Restricted stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares (in shares)	37,500	581,717	31,500
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares (in shares)	0	0	0
Series C preferred stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares (in shares)	4,967,272	4,727,272	0
Warrants, as-if exercised
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares (in shares)	922,438	922,438	0

Stock-Based Compensation Prog_3

Stock-Based Compensation Programs - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	May 31, 2021	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cost of canceled of stock options		$ 2,484
Employee stock options and restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized (in shares)				800,000
Stock-based compensation expense	$ 11,000	$ 9,500	$ 8,800
2006 plan and omnibus plan | Employee stock options and restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized (in shares)	5,800,000
Number of shares outstanding (in shares)	1,989,060
Number of stock options and restricted shares exercised or vested (in shares)	2,641,306
Number of shares available for grant (in shares)	1,169,634
2006 plan and omnibus plan | Employee stock options and restricted stock | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	1 year
2006 plan and omnibus plan | Employee stock options and restricted stock | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	5 years
2006 plan and omnibus plan | Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares outstanding (in shares)	0	7,000	90,331		264,697
Canceled (in shares)	0	212,447	0
Cost of canceled of stock options		$ 2,500
Granted (in shares)	0	0	0
Weighted average grant date fair value, exercised (usd per share)	$ 4.87	$ 4.82	$ 5.13
Omnibus plan | Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation cost related to non-vested restricted shares granted under the plan	$ 20,800
Weighted average period over which unrecognized compensation cost is expected to be recognized	2 years

Stock-Based Compensation Prog_4

Stock-Based Compensation Programs - Stock Option Activity (Details) - 2006 plan and omnibus plan - Stock options - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Number of Options
Beginning of period (in shares)	327,620	602,567	694,147
Granted (in shares)	0	0	0
Exercised (in shares)	(124,870)	(61,000)	(86,580)
Forfeited (in shares)	0	(1,500)	(5,000)
Canceled (in shares)	0	(212,447)	0
Expired (in shares)	(2,500)	0	0
End of period (in shares)	200,250	327,620	602,567	694,147
Exercisable (in shares)	200,250	320,620	512,236
Weighted Average Exercise Price
Beginning of period (usd per share)	$ 10.90	$ 10.64	$ 10.60
Granted (usd per share)	0	0	0
Exercised (usd per share)	10.20	8.30	10.39
Forfeited (usd per share)	0	12.29	10.31
Canceled (usd per share)	0	10.88	0
Expired (usd per share)	8	0	0
End of period (usd per share)	11.38	10.90	10.64	$ 10.60
Exercisable (usd per share)	$ 11.38	$ 10.86	$ 10.64
Weighted Average Remaining Contractual Term (years)
Weighted average remaining contractual term (years)	2 years 7 days	2 years 8 months 1 day	3 years 5 months 19 days	4 years 3 months 3 days
Weighted average remaining contractual term, exercisable (years)	2 years 7 days	2 years 7 months 9 days	3 years 2 months 1 day

Stock-Based Compensation Prog_5

Stock-Based Compensation Programs - Non-vested Stock Options Activity (Details) - 2006 plan and omnibus plan - Stock options - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Number of Options
Beginning of period (in shares)	7,000	90,331	264,697
Granted (in shares)	0	0	0
Vested (in shares)	(7,000)	(81,831)	(169,366)
Forfeited (in shares)	0	(1,500)	(5,000)
End of period (in shares)	0	7,000	90,331
Weighted Average Grant-Date Fair Value
Beginning of period (usd per share)	$ 5.21	$ 4.98	$ 4.96
Granted (usd per share)	0	0	0
Vested (usd per share)	5.21	4.96	4.94
Forfeited (usd per share)	0	4.75	4.95
End of period (usd per share)	$ 0	$ 5.21	$ 4.98

Stock-Based Compensation Prog_6

Stock-Based Compensation Programs - Non-vested Restricted Shares (Details) - Omnibus plan - Restricted stock - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Number of Shares
Number of restricted shares, beginning of period (in shares)	1,493,128	1,431,122	1,353,012
Number of restricted shares, grated (in shares)	633,386	638,832	580,453
Number of restricted shares, vested (in shares)	(325,407)	(544,075)	(424,134)
Number of restricted shares, forfeited (in shares)	(12,297)	(32,751)	(78,209)
Number of restricted shares, end of period (in shares)	1,788,810	1,493,128	1,431,122
Weighted Average Grant-Date Fair Value
Beginning of period (usd per share)	$ 22.37	$ 21.58	$ 18.70
Granted (usd per share)	21	22.37	21.85
Vested (usd per share)	22.61	20.22	13.20
Forfeited (usd per share)	21.63	23.62	19.13
End of period (usd per share)	$ 21.84	$ 22.37	$ 21.58

Derivatives and Hedging Activ_3

Derivatives and Hedging Activity - Financial Position, Fair Value (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Derivatives, Fair Value [Line Items]
Asset derivatives, fair value	$ 90,173	$ 144,333
Liability derivatives, fair value	91,757	153,433
Other assets | Interest rate swaps
Derivatives, Fair Value [Line Items]
Asset derivatives, fair value	90,173	144,333
Other liabilities | Interest rate swaps
Derivatives, Fair Value [Line Items]
Liability derivatives, fair value	91,757	153,433
Designated as hedging instrument | Other assets | Interest rate swaps
Derivatives, Fair Value [Line Items]
Asset derivatives, fair value	1,217	0
Designated as hedging instrument | Other liabilities | Interest rate swaps
Derivatives, Fair Value [Line Items]
Liability derivatives, fair value	2,838	9,082
Not designated as hedging instrument | Other assets | Interest rate swaps
Derivatives, Fair Value [Line Items]
Asset derivatives, fair value	88,956	144,333
Not designated as hedging instrument | Other liabilities | Interest rate swaps
Derivatives, Fair Value [Line Items]
Liability derivatives, fair value	$ 88,919	$ 144,351

Derivatives and Hedging Activ_4

Derivatives and Hedging Activity - Offsetting of Derivative Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Gross Amounts of Recognized Assets	$ 90,173	$ 144,333
Gross Amounts Offset in the Statement of Financial Position	0	0
Net Amounts of Assets presented in the Statement of Financial Position	90,173	144,333
Financial Instruments	(13,929)	(94)
Cash Collateral Received	0	0
Net Amount	$ 76,244	$ 144,239

Derivatives and Hedging Activ_5

Derivatives and Hedging Activity - Offsetting of Derivative Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Gross Amounts of Recognized Liabilities	$ 91,757	$ 153,433
Gross Amounts Offset in the Statement of Financial Position	0	0
Net Amounts of Liabilities presented in the Statement of Financial Position	91,757	153,433
Financial Instruments	(13,929)	(94)
Cash Collateral Posted	(59,898)	(150,238)
Net Amount	$ 17,930	$ 3,101

Derivatives and Hedging Activ_6

Derivatives and Hedging Activity - Interest Rate Derivative Transactions (Details) - Cash flow hedging - Interest rate swaps - Designated as hedging instrument $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)
Derivative [Line Items]
Notional Amount	$ 250,000
Estimated Increase/(Decrease) to Interest Expense in the Next Twelve Months	2,158
Issued 5/30/2019
Derivative [Line Items]
Notional Amount	$ 50,000
Derivative, effective rate	2.05%
Estimated Increase/(Decrease) to Interest Expense in the Next Twelve Months	$ 373
Remaining Term (in Months)	5 months
Issued 5/30/2019
Derivative [Line Items]
Notional Amount	$ 50,000
Derivative, effective rate	2.03%
Estimated Increase/(Decrease) to Interest Expense in the Next Twelve Months	$ 758
Remaining Term (in Months)	17 months
Issued 5/30/2019
Derivative [Line Items]
Notional Amount	$ 50,000
Derivative, effective rate	2.04%
Estimated Increase/(Decrease) to Interest Expense in the Next Twelve Months	$ 764
Remaining Term (in Months)	29 months
Issued 3/2/2020
Derivative [Line Items]
Notional Amount	$ 50,000
Derivative, effective rate	0.98%
Estimated Increase/(Decrease) to Interest Expense in the Next Twelve Months	$ 227
Remaining Term (in Months)	38 months
Issued 3/20/2020
Derivative [Line Items]
Notional Amount	$ 50,000
Derivative, effective rate	0.60%
Estimated Increase/(Decrease) to Interest Expense in the Next Twelve Months	$ 36
Remaining Term (in Months)	39 months

Derivatives and Hedging Activ_7

Derivatives and Hedging Activity - Gain (Loss) in Statement of Financial Performance (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Interest rate swaps | Non-interest income
Derivatives, Fair Value [Line Items]
Realized Gain (Loss) Recognized in Income on Derivatives	$ 36	$ (20)	$ (221)
Interest rate swaps | Not designated as hedging instrument | Non-interest income
Derivatives, Fair Value [Line Items]
Realized Gain (Loss) Recognized in Income on Derivatives	36	(20)	(45)
Equity swap | Not designated as hedging instrument | Non-interest income
Derivatives, Fair Value [Line Items]
Realized Gain (Loss) Recognized in Income on Derivatives	0	0	(176)
Cash flow hedging | Interest rate swaps | Designated as hedging instrument
Derivatives, Fair Value [Line Items]
Unrealized Gain (Loss) Recognized in Accumulated Other Comprehensive Income on Derivatives	3,723	(9,168)	(2,239)
Cash flow hedging | Interest rate swaps | Designated as hedging instrument | Interest expense
Derivatives, Fair Value [Line Items]
Realized Gain (Loss) Recognized in Income on Derivatives	$ (3,513)	$ (2,732)	$ 1,259

Derivatives and Hedging Activ_8

Derivatives and Hedging Activity - Narrative (Details) - Interest rate swaps $ in Millions	Dec. 31, 2021USD ($)
Derivatives, Fair Value [Line Items]
Termination value of derivatives, including accrued interest, in a net liability position	$ 61.1
Collateral already posted amount	60.3
Not designated as hedging instrument
Derivatives, Fair Value [Line Items]
Derivative, aggregate notional amount	$ 4,830

Disclosures About Fair Value _3

Disclosures About Fair Value of Financial Instruments - Assets and Liabilities Measured on Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Financial assets:
Equity securities	$ 5,000	$ 0
Level 2
Financial assets:
Debt securities available-for-sale	586,325	617,570
Fair value, measurements, recurring
Financial assets:
Equity securities	4,975
Total assets	681,473	761,903
Financial liabilities:
Total financial liabilities	91,757	153,433
Fair value, measurements, recurring | Level 1
Financial assets:
Equity securities	4,975
Total assets	4,975	0
Financial liabilities:
Total financial liabilities	0	0
Fair value, measurements, recurring | Level 2
Financial assets:
Equity securities	0
Total assets	676,498	761,903
Financial liabilities:
Total financial liabilities	91,757	153,433
Fair value, measurements, recurring | Level 3
Financial assets:
Equity securities	0
Total assets	0	0
Financial liabilities:
Total financial liabilities	0	0
Fair value, measurements, recurring | Interest rate swaps
Financial assets:
Interest rate swaps	90,173	144,333
Financial liabilities:
Interest rate swaps	91,757	153,433
Fair value, measurements, recurring | Interest rate swaps | Level 1
Financial assets:
Interest rate swaps	0	0
Financial liabilities:
Interest rate swaps	0	0
Fair value, measurements, recurring | Interest rate swaps | Level 2
Financial assets:
Interest rate swaps	90,173	144,333
Financial liabilities:
Interest rate swaps	91,757	153,433
Fair value, measurements, recurring | Interest rate swaps | Level 3
Financial assets:
Interest rate swaps	0	0
Financial liabilities:
Interest rate swaps	0	0
Fair value, measurements, recurring | Corporate Bonds
Financial assets:
Debt securities available-for-sale	146,192	158,464
Fair value, measurements, recurring | Corporate Bonds | Level 1
Financial assets:
Debt securities available-for-sale	0	0
Fair value, measurements, recurring | Corporate Bonds | Level 2
Financial assets:
Debt securities available-for-sale	146,192	158,464
Fair value, measurements, recurring | Corporate Bonds | Level 3
Financial assets:
Debt securities available-for-sale	0	0
Fair value, measurements, recurring | Trust preferred securities
Financial assets:
Debt securities available-for-sale	13,627	18,087
Fair value, measurements, recurring | Trust preferred securities | Level 1
Financial assets:
Debt securities available-for-sale	0	0
Fair value, measurements, recurring | Trust preferred securities | Level 2
Financial assets:
Debt securities available-for-sale	13,627	18,087
Fair value, measurements, recurring | Trust preferred securities | Level 3
Financial assets:
Debt securities available-for-sale	0	0
Fair value, measurements, recurring | Non-agency Securitizations
Financial assets:
Debt securities available-for-sale	277,118
Fair value, measurements, recurring | Non-agency Securitizations | Level 1
Financial assets:
Debt securities available-for-sale	0
Fair value, measurements, recurring | Non-agency Securitizations | Level 2
Financial assets:
Debt securities available-for-sale	277,118
Fair value, measurements, recurring | Non-agency Securitizations | Level 3
Financial assets:
Debt securities available-for-sale	0
Fair value, measurements, recurring | Agency collateralized mortgage obligations
Financial assets:
Debt securities available-for-sale	16,498	22,089
Fair value, measurements, recurring | Agency collateralized mortgage obligations | Level 1
Financial assets:
Debt securities available-for-sale	0	0
Fair value, measurements, recurring | Agency collateralized mortgage obligations | Level 2
Financial assets:
Debt securities available-for-sale	16,498	22,089
Fair value, measurements, recurring | Agency collateralized mortgage obligations | Level 3
Financial assets:
Debt securities available-for-sale	0	0
Fair value, measurements, recurring | Agency mortgage-backed securities
Financial assets:
Debt securities available-for-sale	120,477	410,127
Fair value, measurements, recurring | Agency mortgage-backed securities | Level 1
Financial assets:
Debt securities available-for-sale	0	0
Fair value, measurements, recurring | Agency mortgage-backed securities | Level 2
Financial assets:
Debt securities available-for-sale	120,477	410,127
Fair value, measurements, recurring | Agency mortgage-backed securities | Level 3
Financial assets:
Debt securities available-for-sale	0	0
Fair value, measurements, recurring | Agency debentures
Financial assets:
Debt securities available-for-sale	7,228	8,803
Fair value, measurements, recurring | Agency debentures | Level 1
Financial assets:
Debt securities available-for-sale	0	0
Fair value, measurements, recurring | Agency debentures | Level 2
Financial assets:
Debt securities available-for-sale	7,228	8,803
Fair value, measurements, recurring | Agency debentures | Level 3
Financial assets:
Debt securities available-for-sale	0	$ 0
Fair value, measurements, recurring | Municipal Bonds
Financial assets:
Debt securities available-for-sale	5,185
Fair value, measurements, recurring | Municipal Bonds | Level 1
Financial assets:
Debt securities available-for-sale	0
Fair value, measurements, recurring | Municipal Bonds | Level 2
Financial assets:
Debt securities available-for-sale	5,185
Fair value, measurements, recurring | Municipal Bonds | Level 3
Financial assets:
Debt securities available-for-sale	$ 0

Disclosures About Fair Value _4

Disclosures About Fair Value of Financial Instruments - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Fair Value Disclosures [Abstract]
Specific allowance for loan losses	$ 4,683	$ 1,988

Disclosures About Fair Value _5

Disclosures About Fair Value of Financial Instruments - Fair Value Measurements, Nonrecurring (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Level 3
Financial assets:
Other real estate owned	$ 2,005	$ 2,724
Fair value, measurements, nonrecurring
Financial assets:
Loans measured for impairment, net	12,129	7,692
Other real estate owned	2,005	2,724
Total assets	14,134	10,416
Fair value, measurements, nonrecurring | Level 1
Financial assets:
Loans measured for impairment, net	0	0
Other real estate owned	0	0
Total assets	0	0
Fair value, measurements, nonrecurring | Level 2
Financial assets:
Loans measured for impairment, net	0	0
Other real estate owned	0	0
Total assets	0	0
Fair value, measurements, nonrecurring | Level 3
Financial assets:
Loans measured for impairment, net	12,129	7,692
Other real estate owned	2,005	2,724
Total assets	$ 14,134	$ 10,416

Disclosures About Fair Value _6

Disclosures About Fair Value of Financial Instruments - Fair Value Inputs, Assets, Quantitative Information (Details) - Level 3 $ in Thousands	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)
Loans measured for impairment, net | Other
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 12,129
Loans measured for impairment, net | Other | Discount due to restructured nature of operations
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans measured for impairment, net, measurement input	0.03
Loans measured for impairment, net | Collateral
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value		$ 7,692
Loans measured for impairment, net | Collateral | Discount due to restructured nature of operations
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans measured for impairment, net, measurement input		0.23
Other real estate owned | Collateral
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 2,005	$ 2,724
Other real estate owned | Collateral | Discount due to restructured nature of operations
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned, measurement input	0.12	0.12

Disclosures About Fair Value _7

Disclosures About Fair Value of Financial Instruments - Financial Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Financial assets:
Debt securities held-to-maturity	$ 791,962	$ 214,299
Equity securities, at fair value	4,975	0
Investment management fees receivable, net	8,641	7,935
Interest rate swaps	90,173	144,333
Financial liabilities:
Interest rate swaps	91,757	153,433
Level 1
Financial assets:
Cash and cash equivalents	452,016	435,442
Debt securities held-to-maturity	38,666	0
Equity securities, at fair value	4,975	0
Level 2
Financial assets:
Debt securities available-for-sale	586,325	617,570
Debt securities held-to-maturity	753,296	214,299
Federal Home Loan Bank stock	11,802	13,284
Accrued interest receivable	25,060	18,783
Investment management fees receivable, net	8,641	7,935
Bank owned life insurance	98,928	71,787
Interest rate swaps	90,173	144,333
Financial liabilities:
Deposits	11,504,856	8,510,799
Borrowings, net	474,949	402,714
Interest rate swaps	91,757	153,433
Level 3
Financial assets:
Loans and leases held-for-investment, net	10,717,430	8,199,922
Other real estate owned	2,005	2,724
Carrying amount | Level 1
Financial assets:
Cash and cash equivalents	452,016	435,442
Debt securities held-to-maturity	39,098	0
Equity securities, at fair value	4,975	0
Carrying amount | Level 2
Financial assets:
Debt securities available-for-sale	586,325	617,570
Debt securities held-to-maturity	763,478	211,691
Federal Home Loan Bank stock	11,802	13,284
Accrued interest receivable	25,060	18,783
Investment management fees receivable, net	8,641	7,935
Bank owned life insurance	98,928	71,787
Interest rate swaps	90,173	144,333
Financial liabilities:
Deposits	11,504,389	8,489,089
Borrowings, net	470,163	400,493
Interest rate swaps	91,757	153,433
Carrying amount | Level 3
Financial assets:
Loans and leases held-for-investment, net	10,734,761	8,202,788
Other real estate owned	$ 2,005	$ 2,724

Changes in Accumulated Other _3

Changes in Accumulated Other Comprehensive Income (Loss) - Schedule of Changes to AOCI (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
AOCI Attributable to Parent, Net of Tax
Balance, beginning of period	$ 757,145	$ 621,281	$ 479,354
Change in unrealized holding gains (losses)	(3,215)	(2,984)	3,655
Losses (gains) reclassified from other comprehensive income	2,488	(845)	(1,192)
Balance, end of period	836,722	757,145	621,281
Debt Securities
AOCI Attributable to Parent, Net of Tax
Balance, beginning of period	3,834	2,756	(2,363)
Change in unrealized holding gains (losses)	(6,041)	3,997	5,356
Losses (gains) reclassified from other comprehensive income	(178)	(2,919)	(237)
Other comprehensive income (loss)	(6,219)	1,078	5,119
Balance, end of period	(2,385)	3,834	2,756
Derivatives
AOCI Attributable to Parent, Net of Tax
Balance, beginning of period	(6,531)	(1,624)	1,032
Change in unrealized holding gains (losses)	2,826	(6,981)	(1,701)
Losses (gains) reclassified from other comprehensive income	2,666	2,074	(955)
Other comprehensive income (loss)	5,492	(4,907)	(2,656)
Balance, end of period	(1,039)	(6,531)	(1,624)
Total
AOCI Attributable to Parent, Net of Tax
Balance, beginning of period	(2,697)	1,132	(1,331)
Other comprehensive income (loss)	(727)	(3,829)	2,463
Balance, end of period	$ (3,424)	$ (2,697)	$ 1,132

Related Party Transactions - Na

Related Party Transactions - Narrative (Details) $ in Thousands	Dec. 31, 2021USD ($)loandirector	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Related Party Transaction [Line Items]
Services from affiliated companies	$ 650	$ 650	$ 650
Owned by a director
Related Party Transaction [Line Items]
Number of loans outstanding to directors | director	1
Number of loans outstanding | loan	5
Loans outstanding to directors	$ 28,100

Condensed Parent Company Only_3

Condensed Parent Company Only Financial Statements - Condensed Statements of Financial Condition (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Condensed Balance Sheet Statement [Line Items]
Cash and cash equivalents	$ 452,016	$ 435,442
Equity securities, at fair value	4,975	0
Prepaid expenses and other assets	162,819	219,962
Total assets	13,004,852	9,896,816
Borrowings, net	470,163	400,493
Other accrued expenses and other liabilities	148,474	218,398
Shareholders’ equity	836,722	757,145	$ 621,281	$ 479,354
Total liabilities and shareholders’ equity	13,004,852	9,896,816
Parent company
Condensed Balance Sheet Statement [Line Items]
Cash and cash equivalents	27,936	31,856
Equity securities, at fair value	4,975	0
Investment in subsidiaries	1,024,016	821,719
Prepaid expenses and other assets	5,519	6,604
Total assets	1,062,446	860,179
Borrowings, net	220,163	100,493
Other accrued expenses and other liabilities	5,561	2,541
Shareholders’ equity	836,722	757,145
Total liabilities and shareholders’ equity	$ 1,062,446	$ 860,179

Condensed Parent Company Only_4

Condensed Parent Company Only Financial Statements - Condensed Statements of Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Condensed Income Statement [Line Items]
Total interest income	$ 231,297	$ 217,095	$ 262,447
Interest expense	51,938	79,151	135,390
Net interest income	179,359	137,944	127,057
Non-interest income (loss)	58,646	57,205	52,782
Non-interest expense	146,494	123,103	112,149
Income tax expense	12,643	7,412	8,465
Net income	78,060	45,234	60,193
Parent company
Condensed Income Statement [Line Items]
Interest income	37	43	219
Dividends received from subsidiaries	5,000	7,005	13,000
Total interest income	5,037	7,048	13,219
Interest expense	6,086	3,855	1,159
Net interest income	(1,049)	3,193	12,060
Non-interest income (loss)	(25)	0	842
Non-interest expense	6,518	3,576	1,081
Income (loss) before income taxes and undisbursed income of subsidiaries	(7,592)	(383)	11,821
Income tax expense	(2,628)	(1,226)	(467)
Net income	(4,964)	843	12,288
Undisbursed income of subsidiaries	83,024	44,391	47,905
Net income	$ 78,060	$ 45,234	$ 60,193

Condensed Parent Company Only_5

Condensed Parent Company Only Financial Statements - Condensed Statements of Cash Flows (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Adjustments to reconcile net income to net cash provided by operating activities:
Net loss (gain) on equity securities	$ 25	$ 0	$ (842)
Amortization of deferred financing costs	215	143	84
Stock-based compensation expense	11,026	9,518	8,825
Increase (decrease) in accrued interest payable	(1,216)	(2,433)	286
Net cash provided by operating activities	105,746	87,208	68,193
Cash Flows from Investing Activities:
Purchase of equity securities	(5,000)	0	0
Sale of equity securities	0	0	13,679
Net cash used in investing activities	(3,165,145)	(2,042,142)	(1,456,751)
Cash Flows from Financing Activities:
Net proceeds from issuance of senior and subordinated notes payable	124,455	95,349	0
Repayment of subordinated debt	0	0	(35,000)
Net proceeds from issuance of stock	0	100,002	77,611
Proceeds from line of credit advances	15,200	40,000	0
Repayment of line of credit advances	(20,200)	(35,000)	(4,250)
Net proceeds from exercise of stock options	1,273	506	900
Cancellation of stock options	0	(2,484)	0
Purchase of treasury stock	(2,108)	(3,479)	(2,312)
Dividends paid on preferred stock	(7,947)	(7,849)	(5,753)
Net cash provided by financing activities	3,075,973	1,986,521	1,602,428
Net change in cash and cash equivalents during the period	16,574	31,587	213,870
Cash and cash equivalents at beginning of the period	435,442	403,855	189,985
Cash and cash equivalents at end of the period	452,016	435,442	403,855
Parent company
Cash Flows from Operating Activities:
Net income	78,060	45,234	60,193
Adjustments to reconcile net income to net cash provided by operating activities:
Undisbursed income of subsidiaries	(83,024)	(44,391)	(47,905)
Net loss (gain) on equity securities	25	0	(842)
Amortization of deferred financing costs	215	144	84
Stock-based compensation expense	290	317	0
Increase (decrease) in accrued interest payable	117	716	(1,005)
Decrease (increase) in other assets	1,085	(1,334)	1,539
Increase (decrease) in other liabilities	2,903	838	(2,269)
Net cash provided by operating activities	(329)	1,524	9,795
Cash Flows from Investing Activities:
Purchase of equity securities	(5,000)	0	0
Sale of equity securities	0	0	13,679
Net payments for investments in subsidiaries	(120,000)	(171,944)	(43,000)
Net cash used in investing activities	(125,000)	(171,944)	(29,321)
Cash Flows from Financing Activities:
Net proceeds from issuance of senior and subordinated notes payable	124,455	95,349	0
Repayment of subordinated debt	0	0	(35,000)
Net proceeds from issuance of stock	0	100,002	77,611
Proceeds from line of credit advances	15,200	40,000	0
Repayment of line of credit advances	(20,200)	(35,000)	(4,250)
Net proceeds from exercise of stock options	1,273	506	900
Cancellation of stock options	0	(2,484)	0
Subsidiary reimbursement for issuance of restricted stock awards	10,736	0	0
Purchase of treasury stock	(2,108)	(3,479)	(2,312)
Dividends paid on preferred stock	(7,947)	(7,849)	(5,753)
Net cash provided by financing activities	121,409	187,045	31,196
Net change in cash and cash equivalents during the period	(3,920)	16,625	11,670
Cash and cash equivalents at beginning of the period	31,856	15,231	3,561
Cash and cash equivalents at end of the period	$ 27,936	$ 31,856	$ 15,231

Segments (Details)

Segments (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)segment	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | segment	2
Assets	$ 13,004,852	$ 9,896,816
Income statement data:
Interest income	231,297	217,095	$ 262,447
Interest expense	51,938	79,151	135,390
Net interest income (loss)	179,359	137,944	127,057
Provision for credit losses	808	19,400	(968)
Net interest income (loss) after provision for credit losses	178,551	118,544	128,025
Non-interest income:
Net gain on the sale and call of debt securities	242	3,948	416
Other non-interest income	20,950	21,222	15,924
Total non-interest income	58,646	57,205	52,782
Non-interest expense:
Intangible amortization expense	1,911	1,944	2,009
Other non-interest expense	144,583	121,159	110,140
Total non-interest expense	146,494	123,103	112,149
Income before tax	90,703	52,646	68,658
Income tax expense (benefit)	12,643	7,412	8,465
Net income (loss)	78,060	45,234	60,193
Investment management fees
Non-interest income:
Total non-interest income	37,454	32,035	36,442
Operating segments | Bank
Segment Reporting Information [Line Items]
Assets	12,926,161	9,819,719
Income statement data:
Interest income	231,297	217,095	262,332
Interest expense	45,889	75,339	134,336
Net interest income (loss)	185,408	141,756	127,996
Provision for credit losses	808	19,400	(968)
Net interest income (loss) after provision for credit losses	184,600	122,356	128,964
Non-interest income:
Net gain on the sale and call of debt securities	242	3,948	416
Other non-interest income	20,941	21,164	15,051
Total non-interest income	21,183	25,112	15,467
Non-interest expense:
Intangible amortization expense	0	0	0
Other non-interest expense	107,373	90,541	77,945
Total non-interest expense	107,373	90,541	77,945
Income before tax	98,410	56,927	66,486
Income tax expense (benefit)	14,171	8,330	8,015
Net income (loss)	84,239	48,597	58,471
Operating segments | Bank | Investment management fees
Non-interest income:
Total non-interest income	0	0	0
Operating segments | Investment management
Segment Reporting Information [Line Items]
Assets	86,563	86,150
Income statement data:
Interest income	0	0	0
Interest expense	0	0	0
Net interest income (loss)	0	0	0
Provision for credit losses	0	0	0
Net interest income (loss) after provision for credit losses	0	0	0
Non-interest income:
Net gain on the sale and call of debt securities	0	0	0
Other non-interest income	34	58	31
Total non-interest income	38,736	32,785	36,920
Non-interest expense:
Intangible amortization expense	1,911	1,944	2,009
Other non-interest expense	31,939	27,735	31,560
Total non-interest expense	33,850	29,679	33,569
Income before tax	4,886	3,106	3,351
Income tax expense (benefit)	1,100	308	918
Net income (loss)	3,786	2,798	2,433
Operating segments | Investment management | Investment management fees
Non-interest income:
Total non-interest income	38,702	32,727	36,889
Parent and other
Segment Reporting Information [Line Items]
Assets	(7,872)	(9,053)
Income statement data:
Interest income	0	0	115
Interest expense	6,049	3,812	1,054
Net interest income (loss)	(6,049)	(3,812)	(939)
Provision for credit losses	0	0	0
Net interest income (loss) after provision for credit losses	(6,049)	(3,812)	(939)
Non-interest income:
Net gain on the sale and call of debt securities	0	0	0
Other non-interest income	(25)	0	842
Total non-interest income	(1,273)	(692)	395
Non-interest expense:
Intangible amortization expense	0	0	0
Other non-interest expense	5,271	2,883	635
Total non-interest expense	5,271	2,883	635
Income before tax	(12,593)	(7,387)	(1,179)
Income tax expense (benefit)	(2,628)	(1,226)	(468)
Net income (loss)	(9,965)	(6,161)	(711)
Parent and other | Investment management fees
Non-interest income:
Total non-interest income	$ (1,248)	$ (692)	$ (447)

Subsequent Events - Narrative (

Subsequent Events - Narrative (Details) - Subsequent event - USD ($) $ / shares in Units, $ in Thousands	Jan. 21, 2022	Feb. 18, 2022
TriState capital bank | Line of credit borrowings
Subsequent Event [Line Items]
Line of credit facility, current borrowing capacity		$ 75,000
Series A preferred stock
Subsequent Event [Line Items]
Dividend payable	$ 679
Series A preferred stock depositary share
Subsequent Event [Line Items]
Dividends payable (usd per share)	$ 0.42
Series B preferred stock
Subsequent Event [Line Items]
Dividend payable	$ 1,300
Series B preferred stock depositary share
Subsequent Event [Line Items]
Dividends payable (usd per share)	$ 0.40
Series C preferred stock
Subsequent Event [Line Items]
Dividend payable	$ 71,125
Stock dividends (in shares)	11