Triumph Financial (TFIN) 10-K 14 Feb 22 2021 FY Annual report Financial data

Cover Page

Cover Page - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Feb. 09, 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	001-36722
Entity Registrant Name	TRIUMPH BANCORP, INC.
Entity Incorporation, State or Country Code	TX
Entity Tax Identification Number	20-0477066
Entity Address, Address Line One	12700 Park Central Drive, Suite 1700
Entity Address, City or Town	Dallas
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	75251
City Area Code	214)
Local Phone Number	365-6900
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 1,755,038
Entity Common Stock, Shares Outstanding		25,174,966
Documents Incorporated by Reference	Portions of the Registrant’s Definitive Proxy Statement relating to the Annual Meeting of Stockholders, which will be filed within 120 days after December 31, 2021, are incorporated by reference into Part III of this Report.
Amendment Flag	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Entity Central Index Key	0001539638
Common Stock
Document Information [Line Items]
Title of 12(b) Security	Common Stock, Par Value $0.01 Per Share
Trading Symbol	TBK
Security Exchange Name	NASDAQ
Series C Preferred Stock
Document Information [Line Items]
Title of 12(b) Security	7.125% Series C Fixed-Rate Non-Cumulative Perpetual Preferred Stock
Trading Symbol	TBKCP
Security Exchange Name	NASDAQ

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2021
Audit Information [Abstract]
Auditor Name	Crowe LLP
Auditor Location	Dallas, TX
Auditor Firm ID	173

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
ASSETS
Cash and due from banks	$ 122,929	$ 85,525
Interest-bearing deposits with other banks	260,249	228,868
Total cash and cash equivalents	383,178	314,393
Securities - equity investments	5,504	5,826
Securities - available for sale	182,426	224,310
Securities - held to maturity, net of allowance for credit losses of $2,082 and $2,026, respectively, fair value $5,447 and $5,850, respectively	4,947	5,919
Loans held for sale	7,330	24,546
Loans, net of allowance for credit losses of $42,213 and $95,739, respectively	4,825,359	4,901,037
Federal Home Loan Bank and other restricted stock, at cost	10,146	6,751
Premises and equipment, net	105,729	103,404
Other real estate owned, net	524	1,432
Goodwill	233,727	163,209
Intangible assets, net	43,129	26,713
Bank-owned life insurance	40,993	41,608
Deferred tax asset, net	10,023	6,427
Indemnification asset	4,786	36,225
Other assets	98,449	73,991
Total assets	5,956,250	5,935,791
Deposits
Noninterest-bearing	1,925,370	1,352,785
Interest-bearing	2,721,309	3,363,815
Total deposits	4,646,679	4,716,600
Customer repurchase agreements	2,103	3,099
Federal Home Loan Bank advances	180,000	105,000
Paycheck Protection Program Liquidity Facility	27,144	191,860
Subordinated notes	106,957	87,509
Junior subordinated debentures	40,602	40,072
Other liabilities	93,901	64,870
Total liabilities	5,097,386	5,209,010
Commitments and contingencies - See Notes 15 and 16
Stockholders' equity - See Note 20
Preferred stock	45,000	45,000
Common stock, 25,158,879 and 24,868,218 shares outstanding, respectively	283	280
Additional paid-in-capital	510,939	489,151
Treasury stock, at cost	(104,743)	(103,052)
Retained earnings	399,351	289,583
Accumulated other comprehensive income	8,034	5,819
Total stockholders’ equity	858,864	726,781
Total liabilities and stockholders' equity	$ 5,956,250	$ 5,935,791

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Allowance for credit losses	$ 2,082	$ 2,026	$ 0	$ 0
Securities - held to maturity	5,447	5,850
Allowance for credit losses	$ 42,213	$ 95,739
Common stock, shares outstanding (in shares)	25,158,879	24,868,218

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Interest and dividend  income:
Loans, including fees	$ 183,555	$ 198,214	$ 195,648
Factored receivables, including fees	197,835	114,434	101,257
Securities	5,401	8,229	10,474
FHLB and other restricted stock	156	530	712
Cash deposits	608	708	3,062
Total interest and dividend income	387,555	322,115	311,153
Interest expense:
Deposits	9,697	27,403	40,225
Subordinated notes	6,445	5,363	3,553
Junior subordinated debentures	1,775	2,114	2,910
Other borrowings	508	2,507	8,562
Total interest expense	18,425	37,387	55,250
Net interest income (expense)	369,130	284,728	255,903
Credit loss expense (benefit)	(8,830)	38,329	7,942
Net interest income after credit loss expense	377,960	246,399	247,961
Noninterest income:
Net OREO gains (losses) and valuation adjustments	(347)	(616)	351
Net gains (losses) on sale or call of securities	5	3,226	61
Insurance commissions	5,127	4,232	4,219
Gain on sale of subsidiary or division	0	9,758	0
Other	15,553	24,723	5,492
Total noninterest income	54,501	60,385	31,569
Noninterest expense:
Salaries and employee benefits	173,951	126,975	112,862
Occupancy, furniture and equipment	24,473	22,766	18,196
FDIC insurance and other regulatory assessments	2,118	1,520	298
Professional fees	12,592	9,349	7,288
Amortization of intangible assets	10,876	8,330	9,131
Advertising and promotion	5,174	4,718	6,126
Communications and technology	26,862	22,153	20,976
Other	31,461	26,263	29,207
Total noninterest expense	287,507	222,074	204,084
Operating income (loss)	144,954	84,710	75,446
Income tax expense	31,980	20,686	16,902
Net income	112,974	64,024	58,544
Dividends on preferred stock	(3,206)	(1,701)	0
Net income available to common stockholders	$ 109,768	$ 62,323	$ 58,544
Earnings per common share
Basic (in dollars per share)	$ 4.44	$ 2.56	$ 2.26
Diluted (in dollars per share)	$ 4.35	$ 2.53	$ 2.25
Service charges on deposits
Noninterest income:
Revenue	$ 7,724	$ 5,274	$ 7,132
Card income
Noninterest income:
Revenue	8,811	7,781	7,873
Fee income
Noninterest income:
Revenue	$ 17,628	$ 6,007	$ 6,441

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	$ 112,974	$ 64,024	$ 58,544
Unrealized gains (losses) on securities:
Unrealized holding gains (losses) arising during the period	(2,424)	8,578	3,065
Tax effect	577	(2,062)	(709)
Unrealized holding gains (losses) arising during the period, net of taxes	(1,847)	6,516	2,356
Reclassification of amount realized through sale or call of securities	(5)	(3,226)	(61)
Tax effect	1	800	14
Reclassification of amount realized through sale or call of securities, net of taxes	(4)	(2,426)	(47)
Change in unrealized gains (losses) on securities, net of tax	(1,851)	4,090	2,309
Unrealized gains (losses) on derivative financial instruments:
Unrealized holding gains (losses) arising during the period	5,255	782	0
Tax effect	(1,260)	(185)	0
Unrealized holding gains (losses) arising during the period, net of taxes	3,995	597	0
Reclassification of amount of (gains) losses recognized into income	93	34	0
Tax effect	(22)	(8)	0
Reclassification of amount of (gains) losses recognized into income, net of taxes	71	26	0
Change in unrealized gains (losses) on derivative financial instruments	4,066	623	0
Total other comprehensive income (loss)	2,215	4,713	2,309
Comprehensive income	$ 115,189	$ 68,737	$ 60,853

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Preferred Stock	Common Stock	Preferred Stock	Preferred StockPreferred Stock	Common Stock	Common StockCommon Stock	Additional Paid-in- Capital	Additional Paid-in- CapitalPreferred Stock	Additional Paid-in- CapitalCommon Stock	Treasury Stock	Retained Earnings	Retained EarningsCumulative Effect, Period of Adoption, Adjustment	Accumulated Other Comprehensive Income (Loss)
Beginning Balance at Dec. 31, 2018	$ 636,607				$ 0		$ 271		$ 469,341			$ (2,288)	$ 170,486		$ (1,203)
Beginning Balance (in shares) at Dec. 31, 2018							26,949,936					104,063
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accounting Standards Update [Extensible Enumeration]	ASU 2016-13
Issuance of restricted stock awards (in shares)							104,413
Issuance of restricted stock awards	$ 0						$ 1		(1)
Stock based compensation	3,654								3,654
Forfeiture of restricted stock awards (in shares)							(8,602)					(8,602)
Forfeiture of restricted stock awards	0								257			$ (257)
Stock option exercises, net (in shares)							5,230
Stock option exercises, net	0								0
Purchase of treasury stock (in shares)							(2,086,016)					(2,086,016)
Purchase of treasury stock	(64,524)											$ (64,524)
Net income	58,544												58,544
Other comprehensive income (loss)	2,309														2,309
Ending Balance at Dec. 31, 2019	636,590	$ (1,770)			0		$ 272		473,251			$ (67,069)	229,030	$ (1,770)	1,106
Ending Balance (in shares) at Dec. 31, 2019							24,964,961					2,198,681
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock, net of issuance costs (in shares)								630,268
Issuance of stock, net of issuance costs			$ 42,364	$ 13,942		$ 45,000		$ 7		$ (2,636)	$ 13,935
Issuance of restricted stock awards (in shares)							138,417
Issuance of restricted stock awards	0						$ 1		(1)
Stock based compensation	4,618								4,618
Forfeiture of restricted stock awards (in shares)							(6,067)					(6,067)
Forfeiture of restricted stock awards	0								211			$ (211)
Stock option exercises, net (in shares)							19,394
Stock option exercises, net	(227)								(227)
Purchase of treasury stock (in shares)							(878,755)					(878,755)
Purchase of treasury stock	(35,772)											$ (35,772)
Preferred stock dividends	(1,701)												(1,701)
Net income	64,024												64,024
Other comprehensive income (loss)	4,713														4,713
Ending Balance at Dec. 31, 2020	726,781				45,000		$ 280		489,151			$ (103,052)	289,583		5,819
Ending Balance (in shares) at Dec. 31, 2020							24,868,218					3,083,503
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of restricted stock awards (in shares)							241,014
Issuance of restricted stock awards	0						$ 2		(2)
Stock based compensation	20,315								20,315
Forfeiture of restricted stock awards (in shares)							(5,129)					(5,129)
Forfeiture of restricted stock awards	0								450			$ (450)
Stock option exercises, net (in shares)							59,844
Stock option exercises, net	$ 577						$ 1		576
Issuance of common stock pursuant to the employee stock purchase plan (in shares)	9,101						9,101
Issuance of common stock pursuant to the employee stock purchase plan	$ 449								449
Purchase of treasury stock (in shares)							(14,169)					(14,169)
Purchase of treasury stock	(1,241)											$ (1,241)
Preferred stock dividends	(3,206)												(3,206)
Net income	112,974												112,974
Other comprehensive income (loss)	2,215														2,215
Ending Balance at Dec. 31, 2021	$ 858,864				$ 45,000		$ 283		$ 510,939			$ (104,743)	$ 399,351		$ 8,034
Ending Balance (in shares) at Dec. 31, 2021							25,158,879					3,102,801

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	$ 112,974	$ 64,024	$ 58,544
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation	12,037	10,720	8,135
Net accretion on loans	(9,289)	(10,711)	(5,568)
Amortization of subordinated notes issuance costs	1,224	182	116
Amortization of junior subordinated debentures	530	506	483
Net amortization on securities	(992)	(129)	205
Amortization of intangible assets	10,876	8,330	9,131
Deferred taxes	(5,832)	(2,080)	3,931
Credit loss expense (benefit)	(8,830)	38,329	7,942
Stock based compensation	20,315	4,618	3,654
Net (gains) losses on sale or call of securities	(5)	(3,226)	(61)
Net (gains) losses on equity securities	322	(389)	(393)
Origination of loans held for sale	(37,542)	(60,867)	(32,570)
Purchases of loans held for sale	(21,746)	(50,765)	(30,486)
Proceeds from sale of loans originated for sale	60,037	109,471	63,080
Net gains on sale of loans	(1,859)	(3,585)	(653)
Net (gains) losses on loans transferred to loans held for sale	(1,247)	770	(1,669)
Net OREO (gains) losses and valuation adjustments	347	616	(351)
Net change in operating leases	2,242	1,054	181
Gain on sale of subsidiary or division	0	(9,758)	0
Contingent consideration paid	0	(22,000)	0
(Increase) decrease in other assets	(8,684)	12,215	(14,991)
Increase (decrease) in other liabilities	12,081	10,002	3,790
Net cash provided by (used in) operating activities	136,959	97,327	72,450
Cash flows from investing activities:
Purchases of securities available for sale	(58,787)	(133,970)	(80,459)
Proceeds from sales of securities available for sale	0	70,198	40,617
Proceeds from maturities, calls, and pay downs of securities available for sale	99,152	96,768	129,382
Proceeds from maturities, calls, and pay downs of securities held to maturity	1,003	693	993
Purchases of loans held for investment	(94,314)	(324,892)	(129,428)
Proceeds from sale of loans	87,813	165,877	47,832
Net change in loans	153,946	(632,517)	(506,816)
Purchases of premises and equipment, net	(14,362)	(17,574)	(21,338)
Net proceeds from sale of OREO	1,253	2,111	2,762
(Purchases) redemptions of FHLB and other restricted stock, net	(3,395)	13,109	(3,917)
Proceeds from BOLI	2,273	0	0
Cash paid for acquisitions, net of cash acquired	(96,926)	(108,375)	0
Proceeds from sale of subsidiary or division, net	0	93,835	0
Net cash provided by (used in) investing activities	77,656	(774,737)	(520,372)
Cash flows from financing activities:
Net increase (decrease) in deposits	(69,921)	921,333	339,557
Increase (decrease) in customer repurchase agreements	(996)	1,066	(2,452)
Increase (decrease) in Federal Home Loan Bank advances	75,000	(325,000)	100,000
Proceeds from Paycheck Protection Program Liquidity Facility borrowings	226,630	231,370	0
Repayment of Paycheck Protection Program Liquidity Facility borrowings	(391,346)	(39,510)	0
Proceeds from issuance of subordinated notes, net	68,224	0	38,282
Repayment of subordinated notes	(50,000)	0	0
Issuance of common stock, net of issuance costs	0	0	0
Issuance of preferred stock, net of issuance costs	0	42,364	0
Stock option exercises	577	(227)	0
Proceeds from employee stock purchase plan common stock issuance	449	0	0
Purchase of treasury stock	(1,241)	(35,772)	(64,524)
Dividends on preferred stock	(3,206)	(1,701)	0
Net cash provided by (used in) financing activities	(145,830)	793,923	410,863
Net increase (decrease) in cash and cash equivalents	68,785	116,513	(37,059)
Cash and cash equivalents at beginning of period	314,393	197,880	234,939
Cash and cash equivalents at end of period	383,178	314,393	197,880
Supplemental cash flow information:
Interest paid	18,950	41,743	52,006
Income taxes paid, net	40,004	12,080	17,748
Cash paid for operating lease liabilities	2,296	4,236	4,196
Supplemental noncash disclosures:
Loans transferred to OREO	692	1,150	3,360
Loans transferred to loans held for sale	83,975	185,823	46,163
Assets transferred to assets held for sale	0	84,077	0
Lease liabilities arising from obtaining right-of-use assets	19,571	1,777	2,557
Indemnification reduction	$ 35,633	$ 0	$ 0

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations Triumph Bancorp, Inc. (collectively with its subsidiaries, “Triumph”, or the “Company” as applicable) is a financial holding company headquartered in Dallas, Texas, offering a diversified line of payments, factoring and banking services. The accompanying consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries Triumph CRA Holdings, LLC (“TCRA”), TBK Bank, SSB (“TBK Bank”), TBK Bank’s wholly owned factoring subsidiary Advance Business Capital LLC, which currently operates under the d/b/a of Triumph Business Capital (“TBC”), TBK Bank’s wholly owned subsidiary Triumph Insurance Group, Inc. (“TIG”). TriumphPay operates as a division of TBK Bank, SSB. On June 30, 2020, the Company sold the assets of Triumph Premium Finance (“TPF”) and exited its premium finance line of business. TPF operated within the Company’s TBK Bank subsidiary. See Note 2 – Business Combinations and Divestitures for additional information pertaining to the TPF sale and the impact of the transaction on the Company’s consolidated financial statements. Principles of Consolidation and Basis of Presentation The Company consolidates subsidiaries in which it holds, directly or indirectly, a controlling financial interest. The Company determines whether it has a controlling financial interest in an entity by first evaluating whether the entity is a voting interest entity or a variable interest entity under U.S. generally accepted accounting principles (“GAAP”). Voting interest entities are entities in which the total equity investment at risk is sufficient to enable the entity to finance itself independently and provides the equity holders with the obligation to absorb losses, the right to receive residual returns and the right to make decisions about the entity’s activities. The Company consolidates voting interest entities in which it has at least a majority of the voting interest. Variable interest entities (“VIEs”) are entities that lack one or more of the characteristics of a voting interest entity. A controlling financial interest in a VIE is present when an enterprise has both the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance and an obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE. The enterprise with a controlling financial interest, known as the primary beneficiary, consolidates the VIE. In consolidation, all significant intercompany accounts and transactions are eliminated. Investments in unconsolidated entities are accounted for using the equity method of accounting when the Company has the ability to exercise significant influence over operating and financing decisions. Investments that do not meet the criteria for equity method accounting are accounted for using the cost method of accounting. The accounting and reporting policies of the Company and its subsidiaries conform to GAAP and general practice within the banking industry. Certain reclassifications have been made to prior year amounts to conform to the current year presentation. The Company uses the accrual basis of accounting for financial reporting purposes. Use of Estimates To prepare financial statements in conformity with GAAP management makes estimates and assumptions based on available information. These estimates and assumptions affect the amounts reported in the financial statements and the disclosures provided, and actual results could differ. Risks and Uncertainties COVID-19 has adversely impacted a broad range of industries in which the Company's customers operate and could still impair their ability to fulfill their financial obligations to the Company. The Company’s business is dependent upon the willingness and ability of its employees and customers to conduct banking and other financial transactions. While epidemiological and macroeconomic conditions have improved as of December 31, 2021, if there is a resurgence in the virus, the Company could experience further adverse effects on its business, financial condition, results of operations and cash flows. While it is not possible to know the full universe or extent that the impact of COVID-19, and any potential resulting measures to curtail its spread, will have on the Company's future operations, the Company is disclosing potentially material items of which it is aware. Capital and liquidity The Company's reported and regulatory capital ratios could be adversely impacted by further credit loss expense. The Company relies on cash on hand as well as dividends from its subsidiary bank to service its debt. If the Company's capital deteriorates such that its subsidiary bank is unable to pay dividends to the Company for an extended period of time, the Company may not be able to service its debt. The Company maintains access to multiple sources of liquidity. Wholesale funding markets have remained open to the Company, but rates for short-term funding can be volatile. If funding costs are elevated for an extended period of time, it could have an adverse effect on the Company's net interest margin. If a double-dip recession were to cause large numbers of the Company's deposit customers to withdraw their funds, the Company might become more reliant on volatile or more expensive sources of funding. Intangible asset valuation The lingering effects COVID-19 could cause a decline in the Company’s stock price or the occurrence of what management would deem to be a triggering event that could, under certain circumstances, cause us to perform a goodwill impairment test and result in an impairment charge being recorded for that period. In the event that the Company concludes that all or a portion of its goodwill is impaired, a non-cash charge for the amount of such impairment would be recorded to earnings. Such a charge would have no impact on tangible capital or regulatory capital. It is possible that the lingering effects of COVID-19 could cause the occurrence of what management would deem to be a triggering event that could, under certain circumstances, cause us to perform an intangible asset impairment test and result in an impairment charge being recorded for that period. In the event that the Company concludes that all or a portion of its intangible assets are impaired, a non-cash charge for the amount of such impairment would be recorded to earnings. Such a charge would have no impact on tangible capital or regulatory capital. Lending operations and accommodations to borrowers In keeping with regulatory guidance to work with borrowers during this unprecedented situation and as outlined in the Section 4013 of the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) , the Company executed a payment deferral program for its commercial lending clients that are adversely affected by the pandemic. Depending on the demonstrated need of the client, the Company deferred either the full loan payment or the principal component of the loan payment for a stated period of time. This deferral program expired on December 31, 2021. As of December 31, 2021, the Company’s balance sheet reflected 5 of these deferrals on outstanding loan balances of $31,896,000. In accordance with the CARES Act and March 2020 interagency guidance, these deferrals are not considered troubled debt restructurings. It is possible that these deferrals could be extended further; however, the volume of these future potential extensions is unknown. It is also possible that in spite of the Company's best efforts to assist its borrowers and achieve full collection of the Company's investment, these deferred loans could result in future charge-offs with additional credit loss expense charged to earnings; however, the amount of any future charge-offs on deferred loans is unknown. At December 31, 2021, 95% of the $31,896,000 COVID deferral balance was made up of one relationship. While interest and fees continue to accrue to income through normal GAAP accounting, should eventual credit losses on these deferred payments emerge, the related loans would be placed on nonaccrual status and interest income and fees accrued would be reversed. In such a scenario, interest income in future periods could be negatively impacted. As of December 31, 2021 the Company carries $124,000 of accrued interest income and fees on outstanding deferrals made to COVID-19 affected borrowers. With the passage of the Paycheck Protection Program (“PPP”), administered by the Small Business Administration (“SBA”), the Company has participated in assisting its customers with applications for resources through the program. PPP loans have two five Credit The Company is working with customers directly affected by COVID-19. The Company is prepared to offer assistance in accordance with regulator guidelines. As a result of the current economic environment caused by the COVID-19 virus, the Company is engaging in communication with borrowers to understand their situation and the challenges faced, allowing the Company to respond proactively as needs and issues arise. Should the economy experience a prolonged period of poor economic conditions or should economic conditions worsen, the Company could experience increases in its required allowance for credit losses (“ACL”) and record additional credit loss expense. It is possible that the Company’s asset quality measures could worsen at future measurement periods if the effects of COVID-19 are prolonged. Cash and Cash Equivalents For the purposes of reporting cash flows, cash and cash equivalents include cash on hand, amounts due from banks, other short-term investments and federal funds sold. All highly liquid investments with an initial maturity of less than 90 days are considered to be cash equivalents. Certain items, including loan and deposit transactions, customer repurchase agreements, and FHLB advances and repayments, are presented net in the statement of cash flows. Debt Securities The Company determines the classification of debt securities at the time of purchase. Debt securities that management has the positive intent and ability to hold to maturity are classified as held to maturity and recorded at amortized cost. Trading securities are recorded at fair value with changes in fair value included in earnings. Debt securities not classified as held to maturity or trading are classified as available for sale and recorded at fair value, with unrealized gains and losses excluded from earnings and reported in other comprehensive income (loss), net of tax. Gains and losses on the sale of securities are recorded on the trade date and are determined using the specific-identification method. Amortization of premiums and discounts are recognized in interest income over the period to maturity using the interest method, except for premiums on callable debt securities, which are amortized to their earliest call date. The Company has made a policy election to exclude accrued interest from the amortized cost basis of debt securities and report accrued interest in other assets in the consolidated balance sheets. A debt security is placed on nonaccrual status at the time any principal or interest payments become more than 90 days delinquent or if full collection of interest or principal becomes uncertain. Accrued interest for a security placed on nonaccrual is reversed against interest income. There was no accrued interest related to debt securities reversed against interest income for the years ended December 31, 2021, 2020 and 2019. Allowance for Credit Losses – Available for Sale Securities For available for sale debt securities in an unrealized loss position, the Company evaluates the securities to determine whether the decline in the fair value below the amortized cost basis (impairment) is due to credit-related factors or noncredit-related factors. Any impairment that is not credit related is recognized in other comprehensive income, net of applicable taxes. Credit-related impairment is recognized as an allowance for credit losses (“ACL”) on the balance sheet, limited to the amount by which the amortized cost basis exceeds the fair value, with a corresponding adjustment to earnings. Both the ACL and the adjustment to net income may be reversed if conditions change. However, if the Company intends to sell an impaired available for sale debt security or more likely than not will be required to sell such a security before recovering its amortized cost basis, the entire impairment amount must be recognized in earnings with a corresponding adjustment to the security’s amortized cost basis. Because the security’s amortized cost basis is adjusted to fair value, there is no ACL in such a situation. In evaluating available for sale debt securities in unrealized loss positions for impairment and the criteria regarding its intent or requirement to sell such securities, the Company considers the extent to which fair value is less than amortized cost, whether the securities are issued by the federal government or its agencies, whether downgrades by bond rating agencies have occurred, and the results of reviews of the issuers’ financial condition, among other factors. Changes in the allowance for credit losses are recorded as provision for (or reversal of) credit loss expense. Losses are charged against the ACL when management believes the uncollectability of an available for sale debt security is confirmed or when either of the criteria regarding intent or requirement to sell is met. Accrued interest receivable is excluded from the estimate of credit losses. Allowance for Credit Losses – Held to Maturity Securities The allowance for credit losses on held to maturity securities is estimated on a collective basis by major security type. At December 31, 2021 and 2020, the Company’s held to maturity securities consisted of investments in the subordinated notes of collateralized loan obligation (“CLO”) funds. Expected credit losses for these securities are estimated using a discounted cash flow methodology which considers historical credit loss information that is adjusted for current conditions and reasonable and supportable forecasts. Accrued interest receivable is excluded from the estimate of credit losses. Equity Securities Equity securities are recorded at fair value, with unrealized gains and losses included in earnings. Gains and losses on the sale of securities are recorded on the trade date and are determined using the specific-identification method. Loans Held for Sale The Company elects the fair value option for recording 1-4 family residential mortgage loans and commercial loans held for sale. The fair value of loans held for sale is determined based on outstanding commitments from investors to purchase such loans or prevailing market rates. Increases or decreases in the fair value of loans held for sale, if any, are charged to earnings and are recorded in noninterest income in the consolidated statements of income. Gains and losses on sales of loans are based on the difference between the final selling price and the carrying value of the related loan sold. Mortgage loans held for sale are generally sold with servicing rights released. Management occasionally transfers loans held for investment to loans held for sale. Gains or losses on the transfer of loans to loans held for sale are recorded in noninterest income in the consolidated statements of income. Loans Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at their amortized cost basis, which is the unpaid principal balance outstanding, net of unearned income, deferred loan fees and costs, premiums and discounts associated with acquisition date fair value adjustments on acquired loans, and any direct principal charge-offs. The Company has made a policy election to exclude accrued interest from the amortized cost basis of loans and report accrued interest separately from the related loan balance in other assets on consolidated balance sheets. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income over the remaining life of the loan without anticipating prepayments. Loans are considered past due or delinquent when the contractual principal or interest due in accordance with the terms of the loan agreement or any portion thereof remains unpaid after the due date of the scheduled payment. Loans are classified as nonaccrual when, in the opinion of management, collection of principal or interest is doubtful. The accrual of interest income on loans is typically discontinued at the time the loan is 90 days delinquent unless the loan is well-secured and in process of collection, or if full collection of interest or principal becomes uncertain. Consumer loans are typically charged off no later than 120 days past due. All interest accrued but not received for a loan placed on nonaccrual is reversed against interest income. Interest received on such loans is accounted for on the cash-basis or cost recovery method, until qualifying for return to accrual. Under the cost-recovery method, interest income is not recognized until the loan balance is reduced to zero. Under the cash basis method, interest income is recorded when the payment is received in cash. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Factored Receivables The Company purchases invoices from its factoring clients in schedules or batches. To a much lesser extent, the Company will also make short-term advances to its clients on transportation contracts for upcoming loads. Cash is advanced to the client to the extent of the applicable advance rate, less fees, as set forth in the individual factoring agreements. The face value of the invoices purchased or amount advanced is recorded by the Company as factored receivables, and the unadvanced portions of the invoices purchased, less fees, are considered client reserves. The client reserves are held to settle any payment disputes or collection shortfalls, may be used to pay clients’ obligations to various third parties as directed by the client, are periodically released to or withdrawn by clients, and are reported as deposits in the consolidated balance sheets. Unearned factoring fees and unearned net origination fees are deferred and recognized over the weighted average collection period for each client. Subsequent factoring fees are recognized in interest income as incurred by the client and deducted from the clients’ reserve balances. Other factoring-related fees, which include wire transfer fees, carrier payment fees, fuel advance fees, and other similar fees, are reported by the Company as non-interest income. Acquired Loans Acquired loans are recorded at fair value at the date of acquisition based on a discounted cash flow methodology that considers various factors including the type of loan and related collateral, classification status, fixed or variable interest rate, term of loan and whether or not the loan was amortizing, and a discount rate reflecting the Company’s assessment of risk inherent in the cash flow estimates. Certain larger purchased loans are individually evaluated while certain purchased loans are grouped together according to similar risk characteristics and are treated in the aggregate when applying various valuation techniques. These cash flow evaluations are inherently subjective as they require material estimates, all of which may be susceptible to significant change. Prior to January 1, 2020, loans acquired in a business combination that had evidence of deterioration of credit quality since origination and for which it was probable, at acquisition, that the Company would be unable to collect all contractually required payments receivable were considered purchased credit impaired (“PCI”). PCI loans were individually evaluated and recorded at fair value at the date of acquisition with no initial valuation allowance based on a discounted cash flow methodology that considered various factors including the type of loan and related collateral, classification status, fixed or variable interest rate, term of loan and whether or not the loan was amortizing, and a discount rate reflecting the Company’s assessment of risk inherent in the cash flow estimates. The difference between the undiscounted cash flows expected at acquisition and the investment in the loan, or the “accretable yield,” was recognized as interest income on a level-yield method over the life of the loan. Contractually required payments for interest and principal that exceed the undiscounted cash flows expected at acquisition, or the “nonaccretable difference,” were not recognized on the balance sheet and did not result in any yield adjustments, loss accruals or valuation allowances. Increases in expected cash flows, including prepayments, subsequent to the initial investment were recognized prospectively through adjustment of the yield on the loan over its remaining life. Decreases in expected cash flows were recognized as impairment. Valuation allowances on PCI loans reflected only losses incurred after the acquisition (meaning the present value of all cash flows expected at acquisition that ultimately were not to be received). Subsequent to January 1, 2020, loans acquired in a business combination that have experienced more-than-insignificant deterioration in credit quality since origination are considered purchased credit deteriorated (“PCD”) loans. At the acquisition date, an estimate of expected credit losses is made for groups of PCD loans with similar risk characteristics and individual PCD loans without similar risk characteristics. This initial allowance for credit losses is allocated to individual PCD loans and added to the purchase price or acquisition date fair values to establish the initial amortized cost basis of the PCD loans. As the initial allowance for credit losses is added to the purchase price, there is no credit loss expense recognized upon acquisition of a PCD loan. Any difference between the unpaid principal balance of PCD loans and the amortized cost basis is considered to relate to noncredit factors and results in a discount or premium. Discounts and premiums are recognized through interest income on a level-yield method over the life of the loans. All loans considered to be PCI prior to January 1, 2020 were converted to PCD on that date. For acquired loans not deemed purchased credit deteriorated at acquisition, the differences between the initial fair value and the unpaid principal balance are recognized as interest income on a level-yield basis over the lives of the related loans. At the acquisition date, an initial allowance for expected credit losses is estimated and recorded as credit loss expense. The subsequent measurement of expected credit losses for all acquired loans is the same as the subsequent measurement of expected credit losses for originated loans. Allowance for Credit Losses – Loans The Company adopted the current expected credit loss model under Accounting Standards Update (“ASU”) 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” (“ASU 2016-13”) on January 1, 2020 using the modified retrospective approach. Results for the periods beginning after January 1, 2020 are presented under ASU 2016-13 while prior period amounts are reported in accordance with the incurred loss model under previously applicable US GAAP. The Company recorded a net reduction of retained earnings of $1,770,000 upon adoption. The transition adjustment included an increase in the allowance for credit losses on loans of $269,000, an increase in the allowance for credit losses on held to maturity debt securities of $126,000, and an increase in the allowance for credit losses on off-balance sheet credit exposures of $1,918,000, net of the corresponding increases in deferred tax assets of $543,000. Under the current expected credit loss model adopted by the Company on January 1, 2020, the allowance for credit losses on loans is a valuation allowance estimated at each balance sheet date in accordance with US GAAP that is deducted from the loans’ amortized cost basis to present the net amount expected to be collected on the loans. The Company estimates the ACL on loans based on the underlying assets’ amortized cost basis, which is the amount at which the financing receivable is originated or acquired, adjusted for applicable accretion or amortization of premium, discount, and net deferred fees or costs, collection of cash, and charge-offs. In the event that collection of principal becomes uncertain, the Company has policies in place to reverse accrued interest in a timely manner. Therefore, the Company has made a policy election to exclude accrued interest from the measurement of ACL. Expected credit losses are reflected in the allowance for credit losses through a charge to credit loss expense. When the Company deems all or a portion of a financial asset to be uncollectible the appropriate amount is written off and the ACL is reduced by the same amount. The Company applies judgment to determine when a financial asset is deemed uncollectible; however, generally speaking, an asset will be considered uncollectible no later than when all efforts at collection have been exhausted. Subsequent recoveries, if any, are credited to the ACL when received. The Company measures expected credit losses of financial assets on a collective (pool) basis, when the financial assets share similar risk characteristics. Depending on the nature of the pool of financial assets with similar risk characteristics, the Company uses a discounted cash flow (“DCF”) method or a loss-rate method to estimate expected credit losses. The Company’s methodologies for estimating the ACL consider available relevant information about the collectability of cash flows, including information about past events, current conditions, and reasonable and supportable forecasts. The methodologies apply historical loss information, adjusted for asset-specific characteristics, economic conditions at the measurement date, and forecasts about future economic conditions expected to exist through the contractual lives of the financial assets that are reasonable and supportable, to the identified pools of financial assets with similar risk characteristics for which the historical loss experience was observed. The Company’s methodologies revert back to historical loss information on a straight-line basis over eight quarters when it can no longer develop reasonable and supportable forecasts. The Company has identified the following pools of financial assets with similar risk characteristics for measuring expected credit losses: Commercial Real Estate — This category of loans consists of the following loan types: Non-farm Non-residential — This category includes real estate loans for a variety of commercial property types and purposes, including owner occupied commercial real estate loans primarily secured by commercial office or industrial buildings, warehouses or retail buildings where the owner of the building occupies the property. Repayment terms vary considerably, interest rates are fixed or variable, and are structured for full, partial, or no amortization of principal. This category also includes investment real estate loans that are primarily secured by office and industrial buildings, warehouses, small retail shopping centers and various special purpose properties. Generally, these types of loans are thought to involve a greater degree of credit risk than owner occupied commercial real estate as they are more sensitive to adverse economic conditions. Multi-family residential — Investment real estate loans are primarily secured by non-owner occupied apartment or multifamily residential buildings. Generally, these types of loans are thought to involve a greater degree of credit risk than owner occupied commercial real estate as they are more sensitive to adverse economic conditions. Construction, land development, land —This category of loans consists of loans to finance the ground up construction, improvement and/or carrying for sale after the completion of construction of owner occupied and non-owner occupied residential and commercial properties, and loans secured by raw or improved land. The repayment of construction loans is generally dependent upon the successful completion of the improvements by the builder for the end user, or sale of the property to a third-party. Repayment of land secured loans are dependent upon the successful development and sale of the property, the sale of the land as is, or the outside cash flow of the owners to support the retirement of the debt. 1-4 family residential — This category of loans includes both first and junior liens on residential real estate. Home equity revolving lines of credit and home equity term loans are included in this group of loans. Farmland — These loans are principally loans to purchase farmland. Commercial — Commercial loans are loans for commercial, corporate and business purposes. The Company’s commercial business loan portfolio is comprised of loans for a variety of purposes and across a variety of industries. These loans include general commercial and industrial loans, loans to purchase capital equipment, agriculture operating loans and other business loans for working capital and operational purposes. Commercial loans are generally secured by accounts receivable, inventory and other business assets. Also included in commercial loans are our Paycheck Protection ("PPP") loans originated during 2020 and 2021. Equipment — Equipment finance loans are commercial loans primarily secured by new or used revenue producing, essential-use equipment from major manufacturers that is movable, may be used in more than one type of business, and generally has broad resale markets. Core markets include transportation, construction, and waste. Loan terms do not exceed the economic life of the equipment and typically are 60 months or less . Asset-based Lending — These loans are originated to borrowers to support general working capital needs. The asset-based loan structure involves advances of loan proceeds against a borrowing base which typically consists of accounts receivable, identified readily marketable inventory, or other collateral of the borrower. The maximum amount a customer may borrow at any time is fixed as a percentage of the borrowing base outstanding. Liquid Credit — Broadly syndicated leveraged loans secured by a variety of collateral types. Factored Receivables — The Company operates as a factor by purchasing accounts receivable from its clients, then collecting the receivable from the account debtor. The Company’s smaller factoring relationships are typically structured as “non-recourse” relationships ( i.e. , the Company retains the credit risk associated with the ability of the account debtor on a purchased invoice to ultimately make payment) and the Company’s larger factoring relationships are typically structured as “recourse” relationships ( i.e. , the Company’s client agrees to repurchase any invoices for which payment is not ultimately received from the account debtor). Advances initially made to the client to acquire the receivables are typically at a discount to the invoice value. The discount balance is held in client reserves, net of the Company’s compensation. The client reserves are held to settle any payment disputes or collection shortfalls, may be used to pay clients’ obligations to various third parties as directed by the client, are periodically released to or withdrawn by clients, and are reported as deposits. Consumer — Loans used for personal use, typically on an unsecured basis, and client overdrafts. Mortgage Warehouse — Mortgage Warehouse facilities are provided to unaffiliated mortgage origination companies and are collateralized by 1-4 family residential loans. The originator closes new mortgage loans with the intent to sell these loans to third-party investors for a profit. The Company provides funding to the mortgage companies for the period between the origination and their sale of the loan. The Company has a policy that requires that it separately validate that each residential mortgage loan was underwritten consistent with the underwriting requirements of the final investor or market standards prior to a

Business Combinations and Dives

Business Combinations and Divestitures	12 Months Ended
	Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract]
Business Combinations and Divestitures	BUSINESS COMBINATIONS AND DIVESTITURES HubTran Inc. On June 1, 2021, the Company, through TriumphPay, a division of the Company's wholly-owned subsidiary TBK Bank, SSB, acquired HubTran, Inc. ("HubTran"), a cloud-based provider of automation software for the trucking industry's back-office. A summary of the estimated fair values of assets acquired, liabilities assumed, consideration transferred, and the resulting goodwill is as follows: (Dollars in thousands) Initial Values Measurement Period Adjustments Adjusted Values Assets acquired: Cash $ 170 $ — $ 170 Intangible assets - capitalized software 16,932 — 16,932 Intangible assets - customer relationship 10,360 — 10,360 Other assets 1,546 24 1,570 29,008 24 29,032 Liabilities assumed: Deferred income taxes 4,703 (3,230) 1,473 Other liabilities 906 16 922 5,609 (3,214) 2,395 Fair value of net assets acquired $ 23,399 $ 3,238 $ 26,637 Consideration: Cash paid $ 97,096 $ — $ 97,096 Goodwill $ 73,697 $ (3,238) $ 70,459 The Company has recognized goodwill of $70,459,000, which included measurement period adjustments related to customary settlement adjustments and the finalization of the HubTran stub period tax return and its impact on the acquired deferred tax liability. Goodwill was calculated as the excess of the fair value of consideration exchanged as compared to the fair value of identifiable net assets acquired and was allocated to the Company’s Payments segment. The goodwill in this acquisition resulted from expected synergies and progress in the development of a fully integrated open loop payments network for the transportation industry. The goodwill will not be deducted for tax purposes. The initial accounting for the acquisition has not been completed because the fair values of the assets acquired and liabilities assumed as well as the deferred income taxes assumed have not yet been finalized. The intangible assets recognized include a capitalized software intangible asset with an acquisition date fair value of $16,932,000 which will be amortized on a straight-line basis over its four eleven Revenue and earnings of HubTran since the acquisition date have not been disclosed as the acquired company was merged into the Company and separate financial information is not readily available. Expenses related to the acquisition, including professional fees and other transaction costs, totaling $2,992,000 were recorded in noninterest expense in the consolidated statements of income during the year ended December 31, 2021. Transport Financial Solutions On July 8, 2020, the Company, through its wholly-owned subsidiary Advance Business Capital LLC (“ABC”), acquired the transportation factoring assets and certain personnel (the “TFS Acquisition”) of Transport Financial Solutions (“TFS”), a wholly owned subsidiary of Covenant Logistics Group, Inc. ("CVLG"), in exchange for cash consideration of $108,375,000, 630,268 shares of the Company’s common stock valued at approximately $13,942,000, and contingent consideration of up to approximately $9,900,000 to be paid in cash following the twelve-month period ending July 31, 2021. Subsequent to the closing of the TFS Acquisition, the Company identified that approximately $62,200,000 of the assets acquired at closing were advances against future payments to be made to three large clients (and their affiliated entities) of TFS pursuant to long-term contractual arrangements between the obligor on such contracts and such clients (and their affiliated entities) for services that had not yet been performed. On September 23, 2020, the Company and ABC entered into an Account Management Agreement, Amendment to Purchase Agreement and Mutual Release (the “Agreement”) with CVLG and Covenant Transport Solutions, LLC, a wholly owned subsidiary of CVLG ( “CTS” and, together with CVLG, "Covenant"). Pursuant to the Agreement, the parties agreed to certain amendments to that certain Accounts Receivable Purchase Agreement (the “ARPA”), dated as of July 8, 2020, by and among ABC, as buyer, CTS, as seller, and the Company, as buyer indirect parent. Such amendments include: • Return of the portion of the purchase price paid under the ARPA consisting of 630,268 shares of Company common stock, which was accomplished through the sale of such shares by Covenant pursuant to the terms of the Agreement and the surrender of the cash proceeds of such sale (net of brokerage or underwriting fees and commissions) to the Company; • Elimination of the earn-out consideration potentially payable to CTS under the ARPA; and • Modification of the indemnity provisions under the ARPA that eliminated the existing indemnifications for breaches of representations and warranties and replaced such with a newly established indemnification by Covenant in the event ABC incurs losses related to the $62,200,000 in over-formula advances made to specified clients identified in the Agreement (the “Over-Formula Advance Portfolio”). Under the terms of the new indemnification arrangement, Covenant is responsible for and will indemnify ABC for 100% of the first $30,000,000 of any losses incurred by ABC related to the Over-Formula Advance Portfolio, and for 50% of the next $30,000,000 of any losses incurred by ABC, for total indemnification by Covenant of $45,000,000. Covenant’s indemnification obligations under the Agreement are secured by a pledge of equipment collateral by Covenant with an estimated net orderly liquidation value of $60,000,000 (the “Equipment Collateral”). The Company’s wholly-owned bank subsidiary, TBK Bank, SSB, has provided Covenant with a $45,000,000 line of credit, also secured by the Equipment Collateral, the proceeds of which may be drawn to satisfy Covenant’s indemnification obligations under the Agreement. Pursuant to the Agreement, Triumph and Covenant agreed to certain terms related to the management of the Over-Formula Advance Portfolio, and the terms by which Covenant may provide assistance to maximize recovery on the Over-Formula Advance Portfolio. Pursuant to the Agreement, the Company and Covenant provided mutual releases to each other related to any and all claims related to the transactions contemplated by the ARPA or the Over-Formula Advance Portfolio. The measurement period for this transaction remained open at the time the Agreement was executed and the Company has determined that there is a clear and direct link between the Agreement and the ARPA. Therefore, the terms of the Agreement have been incorporated into the Company's purchase accounting which has resulted in the elimination of the contingent consideration component of the ARPA, the recognition of a receivable due from Covenant as part of the consideration for the transaction, and an indemnification asset to reflect the modification of Covenant's indemnification obligations. A summary of the estimated fair values of assets acquired, liabilities assumed, consideration transferred, and the resulting goodwill is as follows: (Dollars in thousands) Initial Values Measurement Period Adjusted Values Assets acquired: Factored receivables $ 107,524 $ — $ 107,524 Allowance for credit losses (37,415) — (37,415) Factored receivables, net of ACL 70,109 — 70,109 Intangible assets 3,500 — 3,500 Indemnification asset 30,959 — 30,959 Deferred income taxes 1,448 (59) 1,389 106,016 (59) 105,957 Liabilities assumed: Deposits 5,361 — 5,361 5,361 — 5,361 Fair value of net assets acquired $ 100,655 $ (59) $ 100,596 Consideration: Cash paid $ 108,375 $ — $ 108,375 Stock consideration 13,942 — 13,942 Receivable due from seller subsequent to liquidation of stock consideration (17,196) — (17,196) Total consideration $ 105,121 $ — $ 105,121 Goodwill $ 4,466 $ 59 $ 4,525 The Company has recognized goodwill of $4,525,000, which included measurement period adjustments related to the finalization of the tax basis of Covenant’s customer intangibles and its impact on the deferred tax liability associated with these intangibles. Goodwill was calculated as the excess of the fair value of consideration exchanged as compared to the fair value of identifiable net assets acquired and was allocated to the Company’s Factoring segment. The goodwill in this acquisition resulted from expected synergies and expansion in the factoring market. The goodwill will not be deducted for tax purposes. Consideration included a receivable due from Covenant subsequent to liquidation of the stock consideration with an acquisition date fair value of $17,196,000. The fair value of the receivable due from Covenant for initial purchase accounting measurement purposes was based on the Company's stock price on the date of the Agreement, less an estimate of broker commissions and discounts. During the year ended December 31, 2020, the entirety of the acquired stock was sold by Covenant and Covenant delivered net proceeds of $28,064,000. The Company recognized $10,868,000 of other noninterest income measured as the difference between the initial purchase accounting measurement and the amount of net proceeds delivered to the Company upon liquidation. The intangible assets recognized include a customer relationship intangible asset with an acquisition date fair value of $3,500,000 which will be amortized utilizing an accelerated method over its eight year estimated useful life. The indemnification asset was measured separately from the related covered portfolio. It is not contractually embedded in the covered portfolio nor is it transferable with the covered portfolio should the Company choose to dispose of the portfolio or a portion of the portfolio. The indemnification asset at the time of the TFS Acquisition had a fair value of $30,959,000, measured as the present value of the estimated cash payments expected to be received from Covenant for probable losses on the covered Over-Formula Advance Portfolio. These cash flows were discounted at a rate to reflect the uncertainty of the timing and receipt of the payments from Covenant . The amount ultimately collected for this asset will be dependent upon the performance of the underlying covered portfolio, the passage of time, and Covenant's willingness and ability to make necessary payments. The terms of the Agreement are such that indemnification has no expiration date and the Company will continue to carry the indemnification asset until ultimate resolution of the covered portfolio. The Company has elected the fair value option for the indemnification asset. The indemnification asset is reviewed quarterly and changes to the asset are recorded as adjustments to other noninterest income or expense, as appropriate, within the Consolidated Statements of Income. The fair value of the indemnification asset was $4,786,000 and $36,225,000 at December 31, 2021 and 2020. During the year ended December 31, 2021, new adverse developments with the largest of the three Over-Formula Advance clients caused the Company to charge-off the entire Over-Formula Advance amount due from that client. This resulted in a net charge-off of $41,265,000; however, this net charge-off had no impact on credit loss expense for the year ended December 31, 2021 as the entire amount had been reserved in a prior period. In accordance with the Agreement reached with Covenant, Covenant reimbursed the Company for $35,633,000 of this charge-off by drawing on its secured line of credit. Given separate developments with the other two Over-Formula Advance clients, the Company reserved an additional $2,844,000 reflected in credit loss expense for the year ended December 31, 2021. The increase in required ACL as well as accretion of most of the fair value discount on the indemnification asset held at December 31, 2020 resulted in a $4,194,000 gain on the indemnification asset which was recorded through non-interest income during the year ended December 31, 2021. Covenant has subsequently paid down its secured line of credit with TBK in its entirety and carries no outstanding balance at December 31, 2021. At December 31, 2021, Covenant had remaining availability of $9,361,000 on its TBK line of credit available to cover our gross indemnification balance of up to $5,038,000. The contractually required payments and the fair value at acquisition of factored receivables purchased for which there was not, at acquisition, evidence of more than insignificant deterioration of credit quality since origination (non-PCD loans) totaled $45,228,000 and $44,962,000, respectively. Management determined that the $62,200,000 in Over-Formula Advances obtained through the TFS Acquisition had experienced more than insignificant credit deterioration since origination and thus, deemed those Over-Formula Advances to be purchased credit deteriorated ("PCD"). Other, less significant factored receivables were also considered to be PCD. The following table presents information at the acquisition date for factored receivables purchased for which there was, at acquisition, evidence of more than insignificant deterioration of credit quality since origination: (Dollars in thousands) Purchase price of loans at acquisition $ 25,147 Allowance for credit losses at acquisition 37,415 Non-credit discount/(premium) at acquisition 941 Par value of acquired loans at acquisition $ 63,503 Revenue and earnings of TFS since the acquisition date have not been disclosed as the acquired company was merged into the Company and separate financial information is not readily available. Expenses related to the acquisition, including professional fees and other transaction costs, totaling $827,000 were recorded in noninterest expense in the consolidated statements of income during the year ended December 31, 2020. Triumph Premium Finance On April 20, 2020, the Company entered into an agreement to sell the assets (the “Disposal Group”) of Triumph Premium Finance (“TPF”) and exit its premium finance line of business. The sale closed on June 30, 2020. A summary of the carrying amount of the assets in the Disposal Group and the gain on sale is as follows: (Dollars in thousands) Carrying amount of assets in the disposal group: Loans $ 84,504 Premises and equipment, net 45 Other assets 11 84,560 Carrying amount of liabilities in the disposal group: Other liabilities 479 Total carrying amount $ 84,081 Total consideration received 94,531 Gain on sale of division 10,450 Transaction costs 692 Gain on sale of division, net of transaction costs $ 9,758 The Disposal Group was included in the Banking segment, and the loans in the Disposal Group were previously included in the commercial loan portfolio.

Securities

Securities	12 Months Ended
	Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Securities	SECURITIES Equity Securities with Readily Determinable Fair Values The Company held equity securities with fair values of $5,504,000 and $5,826,000 at December 31, 2021 and 2020, respectively. The gross realized and unrealized gains (losses) recognized on equity securities with readily determinable fair values in noninterest income in the Company’s consolidated statements of income were as follows: (Dollars in thousands) 2021 2020 2019 Unrealized gains (losses) on equity securities still held at the reporting date $ (322) $ 389 $ 393 Realized gains (losses) on equity securities sold during the period — — — $ (322) $ 389 $ 393 Debt Securities Debt securities have been classified in the financial statements as available for sale or held to maturity. The following table summarizes the amortized cost, fair value, and allowance for credit losses of debt securities and the corresponding amounts of gross unrealized gains and losses of available for sale securities recognized in accumulated other comprehensive income (loss) and gross unrecognized gains and losses of held to maturity securities: (Dollars in thousands) Amortized Gross Gross Allowance for Credit Losses Fair December 31, 2021 Available for sale securities: Mortgage-backed securities, residential $ 36,885 $ 720 $ (156) $ — $ 37,449 Asset-backed securities 6,763 2 (1) — 6,764 State and municipal 26,309 516 — — 26,825 CLO Securities 103,579 3,109 (54) — 106,634 Corporate bonds 1,992 64 — — 2,056 SBA pooled securities 2,536 162 — — 2,698 Total available for sale securities $ 178,064 $ 4,573 $ (211) $ — $ 182,426 (Dollars in thousands) Amortized Gross Gross Fair December 31, 2021 Held to maturity securities: CLO securities $ 7,029 $ — $ (1,582) $ 5,447 Allowance for credit losses (2,082) Total held to maturity securities, net of ACL $ 4,947 (Dollars in thousands) Amortized Gross Gross Allowance for Credit Losses Fair December 31, 2020 Available for sale securities: U.S. Government agency obligations $ 14,942 $ 146 $ — $ — $ 15,088 Mortgage-backed securities, residential 26,547 1,139 (2) — 27,684 Asset-backed securities 7,091 — (52) — 7,039 State and municipal 36,238 1,157 — — 37,395 CLO Securities 118,128 4,335 (259) — 122,204 Corporate bonds 11,373 205 (5) — 11,573 SBA pooled securities 3,200 133 (6) — 3,327 Total available for sale securities $ 217,519 $ 7,115 $ (324) $ — $ 224,310 (Dollars in thousands) Amortized Gross Gross Fair December 31, 2020 Held to maturity securities: CLO securities $ 7,945 $ — $ (2,095) $ 5,850 Allowance for credit losses (2,026) Total held to maturity securities, net of ACL $ 5,919 The amortized cost and estimated fair value of debt securities at December 31, 2021, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. Available for Sale Securities Held to Maturity Securities (Dollars in thousands) Amortized Fair Amortized Fair Due in one year or less $ 8,907 $ 8,931 $ — $ — Due from one year to five years 2,860 2,907 — — Due from five years to ten years 62,607 64,885 7,029 5,447 Due after ten years 57,506 58,792 — — 131,880 135,515 7,029 5,447 Mortgage-backed securities, residential 36,885 37,449 — — Asset-backed securities 6,763 6,764 — — SBA pooled securities 2,536 2,698 — — $ 178,064 $ 182,426 $ 7,029 $ 5,447 Proceeds from sales of debt securities and the associated gross gains and losses are as follows: (Dollars in thousands) 2021 2020 2019 Proceeds $ — $ 70,198 $ 40,617 Gross gains — 3,233 133 Gross losses — (140) (125) Net gains and losses from calls of securities 5 133 53 Debt securities with a carrying amount of approximately $72,805,000 and $73,056,000 at December 31, 2021 and 2020, respectively, were pledged to secure public deposits, customer repurchase agreements, and for other purposes required or permitted by law. Accrued interest on available for sale securities totaled $802,000 and $1,233,000 at December 31, 2021 and 2020, respectively, and was included in other assets in the Consolidated Balance Sheets. The following table summarizes available for sale debt securities in an unrealized loss position for which an allowance for credit losses has not been recorded, aggregated by investment category and length of time that individual securities have been in a continuous loss position: Less than 12 Months 12 Months or More Total (Dollars in thousands) Fair Unrealized Fair Unrealized Fair Unrealized December 31, 2021 Available for sale securities: Mortgage-backed securities, residential $ 20,386 $ (155) $ 6 $ (1) $ 20,392 $ (156) Asset-backed securities 37 — 4,999 (1) 5,036 (1) State and municipal 30 — — — 30 — CLO Securities 22,707 (54) — — 22,707 (54) Corporate bonds — — — — — — SBA pooled securities — — — — — — Total available for sale securities $ 43,160 $ (209) $ 5,005 $ (2) $ 48,165 $ (211) Less than 12 Months 12 Months or More Total (Dollars in thousands) Fair Unrealized Fair Unrealized Fair Unrealized December 31, 2020 Available for sale securities: U.S. Government agency obligations $ — $ — $ — $ — $ — $ — Mortgage-backed securities, residential 100 (1) 215 (1) 315 (2) Asset-backed securities 129 — 6,911 (52) 7,040 (52) State and municipal — — — — — — CLO Securities 12,083 (93) 29,785 (166) 41,868 (259) Corporate bonds 498 (5) 150 — 648 (5) SBA pooled securities 889 (6) 29 — 918 (6) Total available for sale securities $ 13,699 $ (105) $ 37,090 $ (219) $ 50,789 $ (324) Management evaluates available for sale debt securities in unrealized loss positions to determine whether the impairment is due to credit-related factors or noncredit-related factors. Consideration is given to (1) the extent to which the fair value is less than cost, (2) the financial condition and near-term prospects of the issuer, and (3) the intent and ability of the Company to retain its investment in the security for a period of time sufficient to allow for any anticipated recovery in fair value. At December 31, 2021, the Company had 17 available for sale debt securities in an unrealized loss position without an allowance for credit losses. Management does not have the intent to sell any of these securities and believes that it is more likely than not that the Company will not have to sell any such securities before a recovery of cost. The fair value is expected to recover as the securities approach their maturity date or repricing date or if market yields for such investments decline. Accordingly, as of December 31, 2021, management believes that the unrealized losses detailed in the previous table are due to noncredit-related factors, including changes in interest rates and other market conditions, and therefore no losses have been recognized in the Company’s consolidated statements of income. The following table presents the activity in the allowance for credit losses for held to maturity debt securities: (Dollars in thousands) Year Ended December 31, Held to Maturity CLO Securities 2021 2020 2019 Allowance for credit losses: Beginning balance $ 2,026 $ — $ — Impact of adopting ASC 326 — 126 — Credit loss expense (benefit) 56 1,900 — Allowance for credit losses ending balance $ 2,082 $ 2,026 $ — The Company’s held to maturity securities are investments in the unrated subordinated notes of collateralized loan obligation funds. These securities are the junior-most in securitization capital structures, and are subject to suspension of distributions if the credit of the underlying loan portfolios deteriorates materially. The ACL on held to maturity securities is estimated at each measurement date on a collective basis by major security type. At December 31, 2021 and 2020, the Company’s held to maturity securities consisted of three investments in the subordinated notes of collateralized loan obligation (“CLO”) funds. Expected credit losses for these securities are estimated using a discounted cash flow methodology which considers historical credit loss information that is adjusted for current conditions and reasonable and supportable forecasts. Ultimately, the realized cash flows on CLO securities such as these will be driven by a variety of factors, including credit performance of the underlying loan portfolio, adjustments to the portfolio by the asset manager, and the timing of a potential call. As of December 31, 2021, $5,612,000 of the Company’s held to maturity securities were classified as nonaccrual.

Loans and Allowance for Credit

Loans and Allowance for Credit Losses	12 Months Ended
	Dec. 31, 2021
Receivables [Abstract]
Loans and Allowance for Credit Losses	LOANS AND ALLOWANCE FOR CREDIT LOSSES Loans Held for Sale The following table presents loans held for sale: (Dollars in thousands) December 31, 2021 December 31, 2020 1-4 family residential $ 712 $ 6,319 Commercial 6,618 18,227 Total loans held for sale $ 7,330 $ 24,546 Loans Held for Investment and Allowance for Credit Losses The following table presents the amortized cost and unpaid principal for loans held for investment: December 31, 2021 December 31, 2020 (Dollars in thousands) Amortized Cost Unpaid Difference Amortized Cost Unpaid Difference Commercial real estate $ 632,775 $ 634,319 $ (1,544) $ 779,158 $ 782,614 $ (3,456) Construction, land development, land 123,464 123,643 (179) 219,647 220,021 (374) 1-4 family residential properties 123,115 123,443 (328) 157,147 157,731 (584) Farmland 77,394 77,905 (511) 103,685 104,522 (837) Commercial 1,430,429 1,440,542 (10,113) 1,562,957 1,579,841 (16,884) Factored receivables 1,699,537 1,703,936 (4,399) 1,120,770 1,122,008 (1,238) Consumer 10,885 10,883 2 15,838 15,863 (25) Mortgage warehouse 769,973 769,973 — 1,037,574 1,037,574 — Total 4,867,572 $ 4,884,644 $ (17,072) 4,996,776 $ 5,020,174 $ (23,398) Allowance for credit losses (42,213) (95,739) $ 4,825,359 $ 4,901,037 The difference between the amortized cost and unpaid principal balance is primarily (1) premiums and discounts associated with acquired loans totaling $11,723,000 and $18,511,000 at December 31, 2021 and 2020, respectively, and (2) net deferred origination and factoring fees totaling $5,349,000 and $4,887,000 at December 31, 2021 and 2020, respectively. Accrued interest on loans, which is excluded from the amortized cost of loans held for investment, totaled $14,513,000 and $18,198,000 at December 31, 2021 and December 31, 2020, respectively, and was included in other assets in the Consolidated Balance Sheets. As of December 31, 2021, most of the Company’s non-factoring business activity is with customers located within certain states. The states of Texas (21%), Colorado (15%), Illinois (15%), and Iowa (6%), make up 57% of the Company’s gross loans, excluding factored receivables. Therefore, the Company’s exposure to credit risk is affected by changes in the economies in these states. At December 31, 2020, the states of Texas (22%), Colorado (17%), Illinois (12%), and Iowa (6%) made up 57% of the Company’s gross loans, excluding factored receivables. A majority (91%) of the Company’s factored receivables, representing approximately 32% of the total loan portfolio as of December 31, 2021, are transportation receivables. At December 31, 2020, 90% of our factored receivables, representing approximately 20% of our total loan portfolio, were transportation receivables. At December 31, 2021 and 2020, the Company had $254,970,000 and $145,892,000, respectively, of customer reserves associated with factored receivables which are held to settle any payment disputes or collection shortfalls, may be used to pay customers’ obligations to various third parties as directed by the customer and are periodically released to or withdrawn by customers. Customer reserves are reported as deposits in the consolidated balance sheets. At December 31, 2021 and December 31, 2020 the balance of the Over-Formula Advance Portfolio included in factored receivables was $10,077,000 and $62,100,000, respectively. As of December 31, 2021 the Company carried a separate $19,361,000 receivable (the “Misdirected Payments”) payable by the United States Postal Service (“USPS”) arising from accounts factored to the largest over-formula advance carrier. This amount is separate from the acquired Over-Formula Advances. The amounts represented by this receivable were paid by the USPS directly to such customer in contravention of notices of assignment delivered to, and previously honored by, the USPS, which amount was then not remitted back to the Company by such customer as required. The USPS disputes their obligation to make such payment, citing purported deficiencies in the notices delivered to them. In addition to commencing litigation against such customer, the Company has commenced litigation in the United States Court of Federal Claims against the USPS seeking a ruling that the USPS was obligated to make the payments represented by this receivable directly to the Company. Based on the Company's legal analysis and discussions with counsel advising the Company on this matter, the Company continues to believe it is probable that it will prevail in such action and that the USPS will have the capacity to make payment on such receivable. Consequently, the Company has not reserved for such balance as of December 31, 2021. Loans with carrying amounts of $1,733,917,000 and $2,255,441,000 at December 31, 2021 and 2020, respectively, were pledged to secure Federal Home Loan Bank borrowing capacity and, beginning in 2020, to secure Paycheck Protection Program Liquidity Facility borrowings and Federal Reserve Bank discount window borrowing capacity. During the year ended December 31, 2021, loans with carrying amounts of $83,975,000 were transferred from loans held for investment to loans held for sale at fair value concurrently with management’s change in intent and decision to sell the loans. During the year ended December 31, 2021, certain loans transferred to held for sale were sold resulting in proceeds of $87,813,000, and the Company recognized net gains on transfers and sales of loans, which were recorded as other noninterest income in the consolidated statements of income, of $1,247,000. During the year ended December 31, 2020, loans with carrying amounts of $185,823,000 were transferred from loans held for investment to loans held for sale at fair value concurrently with management’s change in intent and decision to sell the loans. During the year ended December 31, 2020, certain loans transferred to held for sale were sold resulting in proceeds of $165,877,000 and net losses on transfers and sales of loans, which were recorded as other noninterest income in the Consolidated Statements of Income, of $770,000. During the year ended December 31, 2019, loans with carrying amounts of $46,163,000 were transferred from loans held for investment to loans held for sale at fair value concurrently with management’s change in intent and decision to sell the loans. During the year ended December 31, 2019, certain loans transferred to held for sale were sold resulting in proceeds of $47,832,000 and net gains on transfers and sales of loans, which were recorded as other noninterest income in the Consolidated Statements of Income, of $1,669,000. Allowance for Credit Losses The Company’s estimate of the ACL reflects losses expected over the remaining contractual life of the assets. The contractual term does not consider extensions, renewals or modifications unless the Company has identified an expected troubled debt restructuring. The activity in the allowance for credit losses (“ACL”) related to loans held for investment is as follows: (Dollars in thousands) Beginning Credit Loss Expense (Benefit) Charge-offs Recoveries Ending Year ended December 31, 2021 Commercial real estate $ 10,182 $ (6,214) $ (17) $ 10 $ 3,961 Construction, land development, land 3,418 (2,584) (12) 5 827 1-4 family residential properties 1,225 (849) (34) 126 468 Farmland 832 (270) — — 562 Commercial 22,040 (7,725) (481) 651 14,485 Factored receivables 56,463 10,038 (46,043) 457 20,915 Consumer 542 (92) (359) 135 226 Mortgage warehouse 1,037 (268) — — 769 $ 95,739 $ (7,964) $ (46,946) $ 1,384 $ 42,213 (Dollars in thousands) Beginning Credit Loss Expense (Benefit) Charge-offs Recoveries Initial ACL on Loans Purchased with Credit Deterioration Reclassification Impact of Adopting ASC 326 Ending Balance Year ended December 31, 2020 Commercial real estate $ 5,353 $ 3,607 $ (320) $ 170 $ — $ — $ 1,372 $ 10,182 Construction, land development, land 1,382 2,005 (23) 241 — — (187) 3,418 1-4 family residential properties 308 378 (27) 53 — — 513 1,225 Farmland 670 (355) — 80 — — 437 832 Commercial 12,566 11,336 (2,344) 1,115 — (449) (184) 22,040 Factored receivables 7,657 16,079 (3,201) 143 37,415 — (1,630) 56,463 Consumer 488 562 (573) 117 — — (52) 542 Mortgage warehouse 668 369 — — — — — 1,037 $ 29,092 $ 33,981 $ (6,488) $ 1,919 $ 37,415 $ (449) $ 269 $ 95,739 (Dollars in thousands) Beginning Provision Charge-offs Recoveries Ending Year ended December 31, 2019 Commercial real estate $ 4,493 $ 1,163 $ (304) $ 1 $ 5,353 Construction, land development, land 1,134 234 (78) 92 1,382 1-4 family residential properties 317 71 (141) 61 308 Farmland 535 400 (265) — 670 Commercial 12,865 2,580 (3,326) 447 12,566 Factored receivables 7,299 2,556 (2,494) 296 7,657 Consumer 615 583 (876) 166 488 Mortgage warehouse 313 355 — — 668 $ 27,571 $ 7,942 $ (7,484) $ 1,063 $ 29,092 The ACL was estimated using the current expected credit loss model. The primary reason for the decrease in required ACL during the year ended December 31, 2021 are net charge-offs on PCD Over-Formula Advances (classified as factored receivables) and improvement of the loss drivers that the Company forecasts to calculate expected losses during the period. Management determined that the $62,200,000 in Over-Formula Advances and some smaller immaterial factored receivables obtained through the TFS Acquisition during the year ended December 31, 2020 had experienced more than insignificant credit deterioration since origination and thus deemed those Over-Formula Advances to be purchased credit deteriorated ("PCD"). The total remaining ACL on all acquired PCD Over-Formula Advances was approximately $10,077,000 at December 31, 2021 compared to $48,485,000 at December 31, 2020. The primary driver of the decrease in required ACL during the year ended December 31, 2021 was a net charge-off of $41,265,000 due from the largest acquired Over-Formula Advance client. This was partially offset by an additional $2,857,000 of reserve required across the two remaining Over-Formula Advance clients. As of December 31, 2021, the entire remaining acquired PCD Over-Formula Advance balance was fully reserved. See Note 2 – Business Combinations and Divestitures for further discussion of Over-Formula Advance activity. The Company uses the discounted cash flow (DCF) method to estimate ACL for the commercial real estate, construction, land development, land, 1-4 family residential, commercial (excluding liquid credit), and consumer loan pools. For all loan pools utilizing the DCF method, the Company utilizes and forecasts national unemployment as a loss driver. The Company also utilizes and forecasts either one-year percentage change in national retail sales (commercial real estate – non multifamily, commercial general, commercial agriculture, commercial asset-based lending, commercial equipment finance, consumer), one-year percentage change in the national home price index (1-4 family residential and construction, land development, land), or one-year percentage change in national gross domestic product (commercial real estate – multifamily) as a second loss driver depending on the nature of the underlying loan pool and how well that loss driver correlates to expected future losses. Consistent forecasts of the loss drivers are used across the loan segments. For all DCF models at December 31, 2021, the Company has determined that four quarters represents a reasonable and supportable forecast period and reverts back to a historical loss rate over eight quarters on a straight-line basis. The Company leverages economic projections from an independent third-party to inform its loss driver forecasts over the four-quarter forecast period. Other internal and external indicators of economic forecasts are also considered by the Company when developing the forecast metrics. At December 31, 2021, as compared to December 31, 2020, the Company forecasted lower national unemployment, lower one-year percentage change increase in national retail sales, higher one-year percentage change increase in the national home price index, and relatively flat one-year percentage change in national gross domestic product. For percentage changes in national retail sales, national home price index and national gross domestic product, the Company projected growth in the first projected quarter followed by some pullback the last three projected quarters resembling something closer to pre-COVID-19 levels albeit slightly more modest. Projected unemployment rates used by the Company are relatively stable over the four projected quarters at levels somewhat higher than pre-COVID-19 conditions. The Company uses a loss-rate method to estimate expected credit losses for the farmland, liquid credit, premium finance, factored receivable, and mortgage warehouse loan pools. For each of these loan segments, the Company applies an expected loss ratio based on internal and peer historical losses adjusted as appropriate for qualitative factors. Qualitative loss factors are based on the Company's judgment of company, market, industry or business specific data, changes in underlying loan composition of specific portfolios, trends relating to credit quality, delinquency, non-performing and adversely rated loans, and reasonable and supportable forecasts of economic conditions. Loss factors used to calculate the required ACL on pools that use the loss-rate method reflect the forecasted economic conditions described above. For the year ended December 31, 2021, in addition to the impact of changes to the ACL on acquired PCD Over-Formula Advances previously discussed, changes in projected loss drivers and assumptions over the reasonable and supportable forecast period decreased the required ACL by $10,408,000. Further, the Company experienced a net reserve release of specific reserves on non-PCD loans. Changes in loan volume and mix during the year ended December 31, 2021 increased the required ACL slightly during the period. Non-PCD-related net charge-offs were $4,298,000 during the year ended December 31, 2021. The following table presents the amortized cost basis of collateral dependent loans, which are individually evaluated to determine expected credit losses, and the related ACL allocated to these loans: (Dollars in thousands) Real Estate Accounts Equipment Other Total ACL December 31, 2021 Commercial real estate $ 2,143 $ — $ — $ 155 $ 2,298 $ 283 Construction, land development, land 987 — — — 987 — 1-4 family residential 1,583 — — 116 1,699 39 Farmland 1,803 — 126 116 2,045 — Commercial 254 — 5,598 3,017 8,869 1,733 Factored receivables — 42,863 — — 42,863 12,640 Consumer — — — 240 240 21 Mortgage warehouse — — — — — — Total $ 6,770 $ 42,863 $ 5,724 $ 3,644 $ 59,001 $ 14,716 At December 31, 2021 the balance of the Over-Formula Advance Portfolio included in factored receivables $10,077,000 and was fully reserved. At December 31, 2021 the balance of Misdirected Payments included in factored receivables was $19,361,000 and carried no ACL allocation. (Dollars in thousands) Real Estate Accounts Equipment Other Total ACL December 31, 2020 Commercial real estate $ 12,454 $ — $ — $ 162 $ 12,616 $ 1,334 Construction, land development, land 2,317 — — — 2,317 271 1-4 family residential 1,948 — — 248 2,196 34 Farmland 2,189 — 143 198 2,530 — Commercial 1,813 — 5,842 9,352 17,007 5,163 Factored receivables — 92,437 — — 92,437 51,371 Consumer — — — 253 253 37 Mortgage warehouse — — — — — — Total $ 20,721 $ 92,437 $ 5,985 $ 10,213 $ 129,356 $ 58,210 At December 31, 2020 the balance of the Over-Formula Advance Portfolio included in factored receivables was $62,100,000 and carried an ACL allocation of $48,485,000. At December 31, 2020 the balance of Misdirected Payments included in factored receivables was $19,600,000 and carried no ACL allocation. Past Due and Nonaccrual Loans The following tables present an aging of contractually past due loans: (Dollars in thousands) Past Due Past Due Past Due 90 Total Past Due Current Total Past Due 90 December 31, 2021 Commercial real estate $ 1,021 $ — $ 16 $ 1,037 $ 631,738 $ 632,775 $ — Construction, land development, land 30 — 145 175 123,289 123,464 — 1-4 family residential properties 730 332 1,114 2,176 120,939 123,115 134 Farmland 378 154 977 1,509 75,885 77,394 — Commercial 996 346 4,948 6,290 1,424,139 1,430,429 — Factored receivables 70,109 18,302 39,134 127,545 1,571,992 1,699,537 39,134 Consumer 255 48 99 402 10,483 10,885 — Mortgage warehouse — — — — 769,973 769,973 — $ 73,519 $ 19,182 $ 46,433 $ 139,134 $ 4,728,438 $ 4,867,572 $ 39,268 (Dollars in thousands) Past Due Past Due Past Due 90 Total Past Due Current Total Past Due 90 December 31, 2020 Commercial real estate $ 1,512 $ 147 $ 7,623 $ 9,282 $ 769,876 $ 779,158 $ — Construction, land development, land 185 1,001 323 1,509 218,138 219,647 22 1-4 family residential properties 1,978 448 952 3,378 153,769 157,147 — Farmland 407 1,000 300 1,707 101,978 103,685 — Commercial 2,084 1,765 5,770 9,619 1,553,338 1,562,957 35 Factored receivables 33,377 28,506 72,717 134,600 986,170 1,120,770 72,717 Consumer 385 116 81 582 15,256 15,838 — Mortgage warehouse — — — — 1,037,574 1,037,574 — $ 39,928 $ 32,983 $ 87,766 $ 160,677 $ 4,836,099 $ 4,996,776 $ 72,774 At December 31, 2021 and December 31, 2020, total past due Over-Formula Advances recorded in factored receivables was $10,077,000 and $62,100,000, respectively, all of which was considered past due 90 days or more. Aging of the Over-Formula Advances is based upon the service month on which the advances were made by TFS prior to acquisition. At December 31, 2021 and December 31, 2020, the Misdirected Payments totaled $19,361,000 and $19,600,000, respectively. At December 31, 2021, the entire $19,361,000 balance of the Misdirected Payments was considered past due 90 days or more, and at December 31, 2020 approximately $6,000,000 was considered past due 90 days or more. Given the nature of factored receivables, these assets are disclosed as past due 90 days or more still accruing; however, the Company is not recognizing income on the assets at December 31, 2021. Historically, any income recognized on factored receivables that are past due 90 days or more has not been material. The following table presents the amortized cost basis of loans on nonaccrual status and the amortized cost basis of loans on nonaccrual status for which there was no related allowance for credit losses: December 31, 2021 December 31, 2020 (Dollars in thousands) Nonaccrual Nonaccrual Nonaccrual Nonaccrual Commercial real estate $ 2,025 $ 1,375 $ 9,945 $ 3,461 Construction, land development, land 964 964 2,294 1,199 1-4 family residential 1,683 1,582 1,848 1,651 Farmland 2,044 2,044 2,531 2,531 Commercial 8,078 3,910 17,202 4,891 Factored receivables — — — — Consumer 240 159 253 188 Mortgage warehouse — — — — $ 15,034 $ 10,034 $ 34,073 $ 13,921 The following table presents accrued interest on nonaccrual loans reversed through interest income: Year Ended December 31, (Dollars in thousands) 2021 2020 2019 Commercial real estate $ 8 $ 438 $ 58 Construction, land development, land — 1 44 1-4 family residential 3 32 12 Farmland 6 39 27 Commercial 36 86 32 Factored receivables — — — Consumer 3 2 3 Mortgage warehouse — — — $ 56 $ 598 $ 176 There was no interest earned on nonaccrual loans during the years ended December 31, 2021, 2020, and 2019. The following table presents information regarding nonperforming loans: (Dollars in thousands) December 31, 2021 December 31, 2020 Nonaccrual loans (1) $ 15,034 $ 34,073 Factored receivables greater than 90 days past due 29,057 13,927 Other nonperforming factored receivables (2) 1,428 10,029 Troubled debt restructurings accruing interest 765 3 $ 46,284 $ 58,032 (1) Includes troubled debt restructurings of $3,912,000 and $13,321,000 at December 31, 2021 and 2020, respectively. (2) Other nonperforming factored receivables represent the portion of the Over-Formula Advance Portfolio that is not covered by Covenant's indemnification. This amount is also considered Classified from a risk rating perspective. Credit Quality Information The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt, including: current collateral and financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company analyzes loans individually by classifying the loans as to credit risk on a regular basis. Large groups of smaller balance homogeneous loans, such as consumer loans, are analyzed primarily based on payment status. The Company uses the following definitions for risk ratings: Pass – Pass rated loans have low to average risk and are not otherwise classified. Classified – Classified loans are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the repayment of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Certain classified loans have 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. Management considers the guidance in ASC 310-20 when determining whether a modification, extension, or renewal of loan constitutes a current period origination. Generally, current period renewals of credit are re-underwritten at the point of renewal and considered current period originations for purposes of the table below. As of December 31, 2021 and 2020, based on the most recent analysis performed, the risk category of loans is as follows: Revolving Revolving Total (Dollars in thousands) Year of Origination December 31, 2021 2021 2020 2019 2018 2017 Prior Commercial real estate Pass $ 211,088 $ 249,652 $ 50,223 $ 25,930 $ 47,447 $ 37,290 $ 4,595 $ — $ 626,225 Classified 2,879 3,358 41 — 16 — 256 — 6,550 Total commercial real estate $ 213,967 $ 253,010 $ 50,264 $ 25,930 $ 47,463 $ 37,290 $ 4,851 $ — $ 632,775 Construction, land development, land Pass $ 56,764 $ 33,756 $ 4,744 $ 23,696 $ 1,199 $ 994 $ 8 $ — $ 121,161 Classified 2,150 8 — — — 145 — — 2,303 Total construction, land development, land $ 58,914 $ 33,764 $ 4,744 $ 23,696 $ 1,199 $ 1,139 $ 8 $ — $ 123,464 1-4 family residential Pass $ 26,840 $ 15,195 $ 9,485 $ 6,526 $ 8,591 $ 22,151 $ 32,210 $ 318 $ 121,316 Classified 273 233 53 6 64 1,089 81 — 1,799 Total 1-4 family residential $ 27,113 $ 15,428 $ 9,538 $ 6,532 $ 8,655 $ 23,240 $ 32,291 $ 318 $ 123,115 Farmland Pass $ 14,387 $ 13,396 $ 7,892 $ 8,040 $ 10,040 $ 19,792 $ 1,317 $ 241 $ 75,105 Classified 199 612 593 333 128 298 126 — 2,289 Total farmland $ 14,586 $ 14,008 $ 8,485 $ 8,373 $ 10,168 $ 20,090 $ 1,443 $ 241 $ 77,394 Commercial Pass $ 466,254 $ 332,746 $ 77,010 $ 18,940 $ 15,032 $ 7,704 $ 490,159 $ 49 $ 1,407,894 Classified 9,317 6,858 5,088 558 56 456 202 — 22,535 Total commercial $ 475,571 $ 339,604 $ 82,098 $ 19,498 $ 15,088 $ 8,160 $ 490,361 $ 49 $ 1,430,429 Factored receivables Pass $ 1,667,922 $ — $ — $ — $ — $ — $ — $ — $ 1,667,922 Classified 10,826 20,789 — — — — — — 31,615 Total factored receivables $ 1,678,748 $ 20,789 $ — $ — $ — $ — $ — $ — $ 1,699,537 Consumer Pass $ 3,252 $ 1,794 $ 669 $ 553 $ 2,424 $ 1,882 $ 70 $ — $ 10,644 Classified 5 — — 12 119 105 — — 241 Total consumer $ 3,257 $ 1,794 $ 669 $ 565 $ 2,543 $ 1,987 $ 70 $ — $ 10,885 Mortgage warehouse Pass $ 769,973 $ — $ — $ — $ — $ — $ — $ — $ 769,973 Classified — — — — — — — — — Total mortgage warehouse $ 769,973 $ — $ — $ — $ — $ — $ — $ — $ 769,973 Total loans Pass $ 3,216,480 $ 646,539 $ 150,023 $ 83,685 $ 84,733 $ 89,813 $ 528,359 $ 608 $ 4,800,240 Classified 25,649 31,858 5,775 909 383 2,093 665 — 67,332 Total loans $ 3,242,129 $ 678,397 $ 155,798 $ 84,594 $ 85,116 $ 91,906 $ 529,024 $ 608 $ 4,867,572 Revolving Revolving Total (Dollars in thousands) Year of Origination December 31, 2020 2020 2019 2018 2017 2016 Prior Commercial real estate Pass $ 271,406 $ 94,085 $ 62,075 $ 49,115 $ 27,921 $ 230,731 $ 27,666 $ 908 $ 763,907 Classified 10,298 2,239 133 1,367 664 550 — — 15,251 Total commercial real estate $ 281,704 $ 96,324 $ 62,208 $ 50,482 $ 28,585 $ 231,281 $ 27,666 $ 908 $ 779,158 Construction, land development, land Pass $ 72,149 $ 12,490 $ 11,829 $ 5,820 $ 8,946 $ 105,584 $ 12 $ 500 $ 217,330 Classified 2,031 34 — — — 252 — — 2,317 Total construction, land development, land $ 74,180 $ 12,524 $ 11,829 $ 5,820 $ 8,946 $ 105,836 $ 12 $ 500 $ 219,647 1-4 family residential Pass $ 58,300 $ 11,280 $ 11,425 $ 8,982 $ 4,400 $ 20,167 $ 35,326 $ 5,320 $ 155,200 Classified 1,473 149 137 23 11 49 105 — 1,947 Total 1-4 family residential $ 59,773 $ 11,429 $ 11,562 $ 9,005 $ 4,411 $ 20,216 $ 35,431 $ 5,320 $ 157,147 Farmland Pass $ 37,212 $ 10,095 $ 7,388 $ 15,262 $ 7,908 $ 20,572 $ 1,421 $ 486 $ 100,344 Classified 994 407 403 — 22 590 925 — 3,341 Total farmland $ 38,206 $ 10,502 $ 7,791 $ 15,262 $ 7,930 $ 21,162 $ 2,346 $ 486 $ 103,685 Commercial Pass $ 470,477 $ 162,203 $ 127,569 $ 94,154 $ 70,405 $ 181,312 $ 416,197 $ 11,396 $ 1,533,713 Classified 8,128 2,390 983 190 4,470 2,787 10,296 — 29,244 Total commercial $ 478,605 $ 164,593 $ 128,552 $ 94,344 $ 74,875 $ 184,099 $ 426,493 $ 11,396 $ 1,562,957 Factored receivables Pass $ 1,081,316 $ — $ — $ — $ — $ — $ — $ — $ 1,081,316 Classified 39,454 — — — — — — — 39,454 Total factored receivables $ 1,120,770 $ — $ — $ — $ — $ — $ — $ — $ 1,120,770 Consumer Pass $ 8,382 $ 2,251 $ 1,336 $ 1,258 $ 688 $ 1,594 $ 74 $ — $ 15,583 Classified 146 28 18 36 11 16 — — 255 Total consumer $ 8,528 $ 2,279 $ 1,354 $ 1,294 $ 699 $ 1,610 $ 74 $ — $ 15,838 Mortgage warehouse Pass $ 1,037,574 $ — $ — $ — $ — $ — $ — $ — $ 1,037,574 Classified — — — — — — — — — Total mortgage warehouse $ 1,037,574 $ — $ — $ — $ — $ — $ — $ — $ 1,037,574 Total loans Pass $ 3,036,816 $ 292,404 $ 221,622 $ 174,591 $ 120,268 $ 559,960 $ 480,696 $ 18,610 $ 4,904,967 Classified 62,524 5,247 1,674 1,616 5,178 4,244 11,326 — 91,809 Total loans $ 3,099,340 $ 297,651 $ 223,296 $ 176,207 $ 125,446 $ 564,204 $ 492,022 $ 18,610 $ 4,996,776 Troubled Debt Restructurings The Company had a recorded investment in troubled debt restructurings of $4,677,000 and $13,324,000 as of December 31, 2021 and 2020, respectively. The Company had allocated specific allowances for these loans of $1,068,000 and $2,469,000 at December 31, 2021 and 2020, respectively, and had not committed to lend additional amounts. The following table presents the pre- and post-modification recorded investment of loans modified as troubled debt restructurings during the years ended December 31, 2021, 2020, and 2019. The Company did not grant principal reductions on any restructured loans. (Dollars in thousands) Extended Payment Protective Advances AB Note Extended Total Number of December 31, 2021 Commercial real estate $ — $ — $ 741 $ — $ — $ 741 1 Commercial — 697 — — — 697 2 $ — $ 697 $ 741 $ — $ — $ 1,438 3 December 31, 2020 Commercial real estate $ — $ 727 $ — $ — $ — $ 727 3 Construction, land development, land 8 981 — — — 989 2 1-4 family residential properties — 171 — — — 171 1 Farmland 3,486 — — — — 3,486 1 Commercial 4,714 9,877 — — — 14,591 22 $ 8,208 $ 11,756 $ — $ — $ — $ 19,964 29 December 31, 2019 Commercial real estate $ — $ — $ — $ 4,597 $ — $ 4,597 1 1-4 family residential properties — 38 — — — 38 2 Commercial 1,762 115 — — 593 2,470 11 $ 1,762 $ 153 $ — $ 4,597 $ 593 $ 7,105 14 During the year ended December 31, 2021, the Company had three loans modified as a troubled debt restructuring with a recorded investment of $1,681,000 for which there was a payment default within twelve months following the modification. The payment defaults did not result in incremental allowance allocations or charge-offs. During the year ended December 31, 2020, the Company had one loan modified as troubled debt restructurings with a recorded investment of $5,741,000 for which there was a payment default within twelve months following the modification. There were three loans modified as troubled debt restructurings with a recorded investment of $680,000 during the year ended December 31, 2019 for which there was a payment default within twelve months following the modification. Default is determined at 90 or more days past due, charge-off, or foreclosure. The following table summarizes the balance of loans modified for borrowers impacted by the COVID-19 pandemic. Year Ended December 31, (Dollars in thousands) 2021 2020 Total modifications 10,801 628,022 These modifications primarily consisted of payment deferrals to assist customers. As these modifications related to the COVID-19 pandemic and qualify under the provisions of either Section 4013 of the CARES act or Interagency Guidance, they are not considered troubled debt restructurings. The following table summarized the amortized cost of loans with payments currently in deferral and the accrued interest related to the loans with payments currently in deferral: (Dollars in thousands) Total Balance of Percentage Accrued December 31, 2021 Commercial real estate $ 632,775 $ 30,212 4.8 % $ 116 Construction, land development, land 123,464 1,340 1.1 % 5 1-4 family residential 123,115 — — % — Farmland 77,394 338 0.4 % 3 Commercial 1,430,429 — — % — Factored receivables 1,699,537 — — % — Consumer 10,885 6 0.1 % — Mortgage warehouse 769,973 — — % — Total $ 4,867,572 $ 31,896 0.7 % $ 124 (Dollars in thousands) Total Balance of Percentage Accrued December 31, 2020 Commercial real estate $ 779,158 $ 69,980 9.0 % $ 357 Construction, land development, land 219,647 18,821 8.6 % 183 1-4 family residential 157,147 1,129 0.7 % 15 Farmland 103,685 — — % — Commercial 1,562,957 14,561 0.9 % 166 Factored receivables 1,120,770 — — % — Consumer 15,838 106 0.7 % 5 Mortgage warehouse 1,037,574 — — % — Total $ 4,996,776 $ 104,597 2.1 % $ 726 Residential Real Estate Loans In Process of Foreclosure At December 31, 2021 and 2020, the Company had $301,000 and $251,000, respectively, in 1-4 family residential real estate loans for which formal foreclosure proceedings were in process.

Other Real Estate Owned

Other Real Estate Owned	12 Months Ended
	Dec. 31, 2021
Other Real Estate [Abstract]
Other Real Estate Owned	OTHER REAL ESTATE OWNED Other real estate owned activity was as follows: Years Ended December 31, (Dollars in thousands) 2021 2020 2019 Beginning balance $ 1,432 $ 3,009 $ 2,060 Loans transferred to OREO 692 1,150 3,360 Net OREO gains (losses) and valuation adjustments (347) (616) 351 Sales of OREO (1,253) (2,111) (2,762) Ending balance $ 524 $ 1,432 $ 3,009

Premises and Equipment

Premises and Equipment	12 Months Ended
	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Premises and Equipment	PREMISES AND EQUIPMENT Premises and Equipment Premises and equipment consisted of the following: (Dollars in thousands) December 31, December 31, Land $ 12,992 $ 12,992 Buildings 52,558 51,377 Leasehold improvements 35,235 25,203 Automobiles and aircraft 9,820 15,542 Furniture, fixtures and equipment 35,091 29,204 145,696 134,318 Accumulated depreciation (39,967) (30,914) $ 105,729 $ 103,404 Depreciation expense was $12,037,000, $10,720,000 and $8,135,000 for the years ended December 31, 2021, 2020 and 2019, respectively. Leases The Company leases certain premises and equipment under operating leases. At December 31, 2021 and 2020, the Company had lease liabilities totaling $35,828,000 and $19,148,000, respectively, and right-of-use assets totaling $32,826,000 and $18,118,000, respectively, related to these leases. Lease liabilities and right-of-use assets are reflected in other liabilities other assets Lease costs were as follows: Year Ended December 31, (Dollars in thousands) 2021 2020 2019 Operating lease cost $ 4,538 $ 5,290 $ 4,377 Short-term lease cost — — — Variable lease cost 443 422 333 Total lease cost $ 4,981 $ 5,712 $ 4,710 There were no sale and leaseback transactions, leveraged leases, or lease transactions with related parties during the year ended December 31, 2021. At December 31, 2021, the Company did not have any leases that had not yet commenced, but will create significant rights and obligations for the Company. A maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total operating lease liability is as follows: (Dollars in thousands) December 31, 2021 Lease payments due: Within one year $ 5,066 After one but within two years 4,854 After two but within three years 4,580 After three but within four years 4,600 After four but within five years 4,440 After five years 15,410 Total undiscounted cash flows 38,950 Discount on cash flows (3,122) Total lease liability $ 35,828

Goodwill and Intangible Assets

Goodwill and Intangible Assets	12 Months Ended
	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	GOODWILL AND INTANGIBLE ASSETS Goodwill and intangible assets consist of the following: (Dollars in thousands) December 31, December 31, Goodwill $ 233,727 $ 163,209 December 31, 2021 December 31, 2020 (Dollars in thousands) Gross Carrying Accumulated Net Carrying Gross Carrying Accumulated Net Carrying Core deposit intangibles $ 43,578 $ (31,800) $ 11,778 $ 43,578 $ (27,436) $ 16,142 Software intangible asset 16,932 (2,469) 14,463 — — — Other intangible assets 29,560 (12,672) 16,888 19,200 (8,629) 10,571 $ 90,070 $ (46,941) $ 43,129 $ 62,778 $ (36,065) $ 26,713 The changes in goodwill and intangible assets by operating segment during the year are as follows: (Dollars in thousands) December 31, 2021 Banking Factoring Payments Corporate Total Beginning balance $ 123,882 $ 66,040 $ — $ — $ 189,922 Acquired goodwill — — 73,697 — 73,697 Acquired goodwill - measurement period adjustment — 59 (3,238) — (3,179) Acquired intangibles — — 27,292 — 27,292 Amortization of intangibles (4,576) (2,824) (3,476) — (10,876) Ending balance $ 119,306 $ 63,275 $ 94,275 $ — $ 276,856 (Dollars in thousands) December 31, 2020 Banking Factoring Payments Corporate Total Beginning balance $ 129,272 $ 61,014 $ — $ — $ 190,286 Acquired goodwill — 4,466 — — 4,466 Acquired intangibles — 3,500 — — 3,500 Amortization of intangibles (5,390) (2,940) — — (8,330) Ending balance $ 123,882 $ 66,040 $ — $ — $ 189,922 (Dollars in thousands) December 31, 2019 Banking Factoring Corporate Total Beginning balance $ 135,477 $ 63,940 $ — $ 199,417 Amortization of intangibles (6,205) (2,926) — (9,131) Ending balance $ 129,272 $ 61,014 $ — $ 190,286 Impairment exists when a reporting unit’s carrying value of goodwill exceeds its fair value. The Company assesses goodwill for impairment at its reporting units that contain goodwill, Banking, Factoring, and Payments. A goodwill impairment test was performed on the Company's reporting units as of October 1, 2021. At the measurement date, these reporting units had positive equity and the Company elected to perform qualitative assessments to determine if it was more likely than not that the fair value of the reporting units exceeded their carrying values, including goodwill. The qualitative assessment indicated that it was more likely than not that the fair value of the reporting unit exceeded its carrying value, resulting in no impairment. After performing an impairment test comparing the carrying value of intangible assets to the fair value of intangible assets during the years ended December 31, 2021, 2020 and 2019, it was determined that the fair value of the intangible assets exceeded their carrying amount and thus no intangible asset impairment was recorded. Generally, material acquired intangible assets are being amortized utilizing an accelerated method over their estimated useful lives, which range from 4 to 11 years. The future amortization schedule for the Company’s intangible assets is as follows: (Dollars in thousands) 2022 $ 11,922 2023 10,482 2024 9,159 2025 5,400 2026 2,480 Thereafter 3,686 $ 43,129

Equity Method Investment

Equity Method Investment	12 Months Ended
	Dec. 31, 2021
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investment	EQUITY METHOD INVESTMENT On October 17, 2019, the Company made a minority equity investment of $8,000,000 in Warehouse Solutions Inc. (“WSI”), purchasing 8% of the common stock of WSI and receiving warrants to purchase an additional 10% of the common stock of WSI upon exercise of the warrants at a later date. WSI provides technology solutions to help reduce supply chain costs for a global client base across multiple industries. The following table presents the Company’s investment in WSI, allocated to the purchased common stock and the purchased warrants: (Dollars in thousands) December 31, December 31, Common stock $ 5,142 $ 5,037 Warrants 3,224 3,224 Total investment $ 8,366 $ 8,261 The entire investment is included in other assets within the Company’s consolidated balance sheets. Although the Company holds less than 20% of the voting stock of WSI, the investment in common stock is accounted for using the equity method as the Company’s representation on WSI’s board of directors, which is disproportionately larger in size than the common stock investment held, demonstrates that it has significant influence over the investee. The difference between the amount at which the investment in common stock is carried and the amount of underlying equity in net assets does not have a material impact on the Company’s equity method earnings. The Company has made an accounting policy election to record its equity method earnings from the investment in WSI common stock on a one quarter lag. Equity method earnings from the investment were not material for the years ended December 31, 2021, 2020, and 2019.

Variable Interest Entities

Variable Interest Entities	12 Months Ended
	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Variable Interest Entities	VARIABLE INTEREST ENTITIES Collateralized Loan Obligation Funds - Closed The Company holds investments in the subordinated notes of the following closed Collateralized loan Obligation ("CLO") funds: (Dollars in thousands) Offering Offering Trinitas CLO IV, LTD (Trinitas IV) June 2, 2016 $ 406,650 Trinitas CLO V, LTD (Trinitas V) September 22, 2016 $ 409,000 Trinitas CLO VI, LTD (Trinitas VI) June 20, 2017 $ 717,100 The net carrying amounts of the Company’s investments in the subordinated notes of the CLO funds, which represent the Company’s maximum exposure to loss as a result of its involvement with the CLO funds, totaled $4,947,000 and $5,919,000 at December 31, 2021 and 2020, respectively, and are classified as held to maturity securities within the Company’s consolidated balance sheets. The Company performed a consolidation analysis to confirm whether the Company was required to consolidate the assets, liabilities, equity or operations of the closed CLO funds in its financial statements. The Company concluded that the closed CLO funds are variable interest entities and that the Company holds variable interests in the entities in the form of its investments in the subordinated notes of the entities. However, the Company also concluded that the Company does not have the power to direct the activities that most significantly impact the entities’ economic performance. As a result, the Company is not the primary beneficiary and therefore is not required to consolidate the assets, liabilities, equity or operations of the CLO funds in the Company’s financial statements.

Derivative Financial Instrument

Derivative Financial Instruments	12 Months Ended
	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	DERIVATIVE FINANCIAL INSTRUMENTS The Company is exposed to certain risk 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 assets and liabilities and 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 receipts and its known or expected cash payments principally related to the Company’s interest-bearing deposits. The Company’s objectives in using interest rate derivatives are to add stability to interest expense and to manage its exposure to interest rate movements. To accomplish this objective, the Company primarily uses interest rate swaps as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. Beginning in 2020, such derivatives were used to hedge the variable cash flows associated with interest-bearing deposits. For derivatives designated and that qualify as cash flow hedges of interest rate risk, the gain or loss on the derivative is recorded in Accumulated Other Comprehensive Income and subsequently reclassified into interest expense in the same period(s) during which the hedged transaction affects earnings. Amounts reported in accumulated other comprehensive income related to derivatives will be reclassified to interest expense as interest payments are made on the Company’s variable-rate interest-bearing deposits. The Company estimates that an additional $583,000 will be reclassified as a decrease in interest expense during 2022. The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the Balance Sheet. Derivative Assets As of December 31, 2021 As of As of December 31, 2020 (Dollars in thousands) Notional Balance Fair Value Notional Balance Fair Value Derivatives designated as hedging instruments: Interest rate swaps $ 200,000 Other Assets $ 6,164 $ 200,000 Other Assets $ 816 The table below presents the effect of fair value and cash flow hedge accounting on Accumulated Other Comprehensive Income: Amount of Amount of Location of Amount of Amount of (Dollars in thousands) Year Ended December 31, 2021 Derivatives in cash flow hedging relationships: Interest rate swaps $ 4,066 $ 4,066 Interest Expense $ 93 $ 93 Year Ended December 31, 2020 Derivatives in cash flow hedging relationships: Interest rate swaps $ 623 $ 623 Interest Expense $ 34 $ 34 The Company has agreements with each of its derivative counterparties that contain a provision where if the Company defaults on any of its indebtedness, 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 the company fails to maintain its status as a well capitalized institution, then the Company could be required to post additional collateral. As of December 31, 2021, the fair value of derivatives in a net liability position, which includes accrued interest, related to these agreements was $0. As of December 31, 2021, the Company has not posted any collateral related to these agreements. If the Company had breached any of these provisions at December 31, 2021, it could have been required to settle its obligations under the agreements at their termination value of $6,157,000.

Deposits

Deposits	12 Months Ended
	Dec. 31, 2021
Deposits [Abstract]
Deposits	DEPOSITS Deposits are summarized as follows: (Dollars in thousands) December 31, 2021 December 31, 2020 Noninterest-bearing demand $ 1,925,370 $ 1,352,785 Interest-bearing demand 830,019 688,680 Individual retirement accounts 83,410 92,584 Money market 520,358 393,325 Savings 504,146 421,488 Certificates of deposit 533,206 790,844 Brokered time deposits 40,125 516,786 Other brokered deposits 210,045 460,108 Total deposits $ 4,646,679 $ 4,716,600 At December 31, 2021, scheduled maturities of time deposits, including certificates of deposits, individual retirement accounts and brokered time deposits, are as follows: (Dollars in thousands) December 31, 2021 Within one year $ 563,152 After one but within two years 75,030 After two but within three years 9,627 After three but within four years 4,439 After four but within five years 4,493 Total $ 656,741

Borrowings and Borrowing Capaci

Borrowings and Borrowing Capacity	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Borrowings And Borrowing Capacity	BORROWINGS AND BORROWING CAPACITY Customer Repurchase Agreements Customer repurchase agreements are overnight customer sweep arrangements. Information concerning customer repurchase agreements is summarized as follows: (Dollars in thousands) December 31, December 31, Amount outstanding at end of the year $ 2,103 $ 3,099 Weighted average interest rate at end of the year 0.03 % 0.03 % Average daily balance during the year $ 5,985 $ 6,716 Weighted average interest rate during the year 0.03 % 0.03 % Maximum month-end balance during the year $ 12,405 $ 14,192 Customer repurchase agreements are secured by pledged securities with carrying amounts as follows: (Dollars in thousands) December 31, December 31, Asset-backed securities $ 4,999 $ 4,987 CLO securities 9,971 — $ 14,970 $ 4,987 FHLB Advances FHLB advances are collateralized by assets, including a blanket pledge of certain loans. FHLB advances and weighted average interest rates at end of period by contractual maturity are summarized as follows: Fixed Rate Variable Rate (Dollars in thousands) Balance Outstanding Weighted Average Interest Rate Balance Outstanding Weighted Average Interest Rate 2022 $ 150,000 0.13 % $ — — 2027 — — 30,000 0.27 % $ 150,000 0.13 % $ 30,000 0.27 % Information concerning FHLB advances is summarized as follows: (Dollars in thousands) December 31, December 31, Amount outstanding at end of the year $ 180,000 $ 105,000 Weighted average interest rate at end of the year 0.15 % 0.17 % Average daily balance during the year $ 37,671 $ 342,264 Weighted average interest rate during the year 0.24 % 0.58 % Maximum month-end balance during the year $ 180,000 $ 850,000 The Company’s unused borrowing capacity with the FHLB is as follows: (Dollars in thousands) December 31, December 31, Borrowing capacity $ 978,794 $ 1,351,542 Borrowings outstanding 180,000 105,000 Unused borrowing capacity $ 798,794 $ 1,246,542 Paycheck Protection Program Liquidity Facility (“PPPLF”) The PPPLF is a lending facility offered by the Federal Reserve Banks to facilitate lending to small businesses under the Paycheck Protection Program. Borrowings under the PPPLF are secured by Paycheck Protection Program Loans (“PPP loans”) guaranteed by the Small Business Administration (“SBA”) and mature at the same time as the PPP Loan pledged to secure the extension of credit. The maturity dates of the borrowings will be accelerated if the underlying PPP Loan goes into default and Company sells the PPP Loan to the SBA to realize on the SBA guarantee or if the Company receives any loan forgiveness reimbursement from the SBA for the underlying PPP Loan. Information concerning borrowings under the PPPLF is summarized as follows: (Dollars in thousands) December 31, December 31, Amount outstanding at end of period $ 27,144 $ 191,860 Weighted average interest rate at end of period 0.35 % 0.35 % Average amount outstanding during the period 118,880 143,608 Weighted average interest rate during the period 0.35 % 0.35 % Highest month end balance during the period 181,635 223,809 At December 31, 2021, scheduled maturities of PPPLF borrowings are as follows: (Dollars in thousands) December 31, Within one year $ 2,872 After one but within two years — After two but within three years — After three but within four years — After four but within five years 24,272 After five years — Total $ 27,144 At December 31, 2021 and 2020, the PPPLF borrowings were secured by PPP Loans totaling $27,144,000 and $191,860,000, respectively, and bear interest at a fixed rate of 0.35% annually. Federal Funds Purchased The Company had no federal funds purchased at December 31, 2021 and 2020. However, as of December 31, 2021, the Company had unsecured federal funds lines of credit with seven unaffiliated banks totaling $227,500,000. Federal Reserve Bank Discount Window The Company has entered into agreements with the Federal Reserve Bank of Dallas to borrow from its discount window. The Company had no Federal Reserve Bank discount window borrowings outstanding at December 31, 2021and 2020. At December 31, 2021, the Company had $501,293,000 of unused borrowing capacity from the Federal Reserve Bank discount window, to which the Company pledged loans with an outstanding balance of $727,261,000. Subordinated Notes The following provides a summary of the Company’s subordinated notes: (Dollars in thousands) Face Value Carrying Value Maturity Date Current Interest Rate First Repricing Date Variable Interest Rate at Repricing Date Initial Issuance Costs Subordinated Notes issued November 27, 2019 $ 39,500 $ 38,552 2029 4.875% 11/27/2024 Three Month LIBOR plus 3.330% $ 1,218 Subordinated Notes issued August 26, 2021 70,000 68,405 2031 3.500% 9/01/2026 Three Month SOFR (1) plus 2.860% $ 1,776 $ 109,500 $ 106,957 (1) Secured Overnight Financing Rate The Subordinated Notes bear interest payable semi-annually in arrears to, but excluding the first repricing date, and thereafter payable quarterly in arrears at an annual floating rate. The Company may, at its option, beginning on the respective first repricing date and on any scheduled interest payment date thereafter, redeem the Subordinated Notes, in whole or in part, at a redemption price equal to the outstanding principal amount of the Subordinated Notes to be redeemed plus accrued and unpaid interest to, but excluding, the date of redemption. The Subordinated Notes are included on the consolidated balance sheets as liabilities at their carrying values; however, for regulatory purposes, the $106,957,000 and $87,509,000 carrying value of these obligations at December 31, 2021 and 2020, respectively, were eligible for inclusion in Tier 2 regulatory capital. Issuance costs related to the Subordinated Notes have been netted against the subordinated notes liability on the balance sheet. The debt issuance costs are being amortized using the effective interest method through maturity and recognized as a component of interest expense. The Subordinated Notes are subordinated in right of payment to the Company’s existing and future senior indebtedness and are structurally subordinated to the Company’s subsidiaries’ existing and future indebtedness and other obligations. On September 30, 2016, the Company issued $50,000,000 of Fixed-to-Floating Rate Subordinated Notes due 2026 (the “2016 Notes”). The 2016 Notes initially bear interest at 6.50% per annum, payable semi-annually in arrears, to, but excluding, September 30, 2021, and, thereafter and to, but excluding, the maturity date or earlier redemption, interest shall be payable quarterly in arrears, at an annual floating rate equal to three-month LIBOR as determined for the applicable quarterly period, plus 5.345%. The Company redeemed the 2016 Notes in whole on September 30, 2021 at which time $755,000 in remaining deferred costs were recognized through interest expense. Junior Subordinated Debentures The following provides a summary of the Company’s junior subordinated debentures: (Dollars in thousands) Face Value Carrying Value Maturity Date Variable Interest Rate At December 31, 2021 National Bancshares Capital Trust II $ 15,464 $ 13,350 September 2033 LIBOR + 3.00% 3.20% National Bancshares Capital Trust III 17,526 13,188 July 2036 LIBOR + 1.64% 1.76% ColoEast Capital Trust I 5,155 3,683 September 2035 LIBOR + 1.60% 1.82% ColoEast Capital Trust II 6,700 4,784 March 2037 LIBOR + 1.79% 2.01% Valley Bancorp Statutory Trust I 3,093 2,892 September 2032 LIBOR + 3.40% 3.62% Valley Bancorp Statutory Trust II 3,093 2,705 July 2034 LIBOR + 2.75% 2.87% $ 51,031 $ 40,602 These debentures are unsecured obligations due to trusts that are unconsolidated subsidiaries. The debentures were issued in conjunction with the trusts’ issuances of obligated capital securities. The trusts used the proceeds from the issuances of their capital securities to buy floating rate junior subordinated deferrable interest debentures that bear the same interest rate and terms as the capital securities. These debentures are the trusts’ only assets and the interest payments from the debentures finance the distributions paid on the capital securities. These debentures rank junior and are subordinate in the right of payment to all other debt of the Company. As part of the purchase accounting adjustments made with the National Bancshares, Inc. acquisition on October 15, 2013, the ColoEast acquisition on August 1, 2016, and the Valley acquisition on December 9, 2017, the Company adjusted the carrying value of the junior subordinated debentures to fair value as of the respective acquisition dates. The discount on the debentures will continue to be amortized through maturity and recognized as a component of interest expense. The debentures may be called by the Company at par plus any accrued but unpaid interest. Interest on the debentures is calculated quarterly. The distribution rate payable on the capital securities is cumulative and payable quarterly in arrears. The Company has the right to defer payments on interest on the debentures at any time by extending the interest payment period for a period not exceeding 20 consecutive quarters with respect to each deferral period, provided that no extension period may extend beyond the redemption or maturity date of the debentures. The debentures are included on the consolidated balance sheet as liabilities; however, for regulatory purposes, the carrying value of these obligations are eligible for inclusion in Tier I regulatory capital, subject to certain limitations. All of the carrying value of $40,602,000 and $40,072,000 was allowed in the calculation of Tier I regulatory capital as of December 31, 2021 and 2020, respectively.

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2021
Retirement Benefits [Abstract]
Employee Benefit Plans	EMPLOYEE BENEFIT PLANS 401(k) Plan The Company sponsors a 401(k) benefit plan that allows employee contributions up to the maximum tax-deferred limitations established by the Internal Revenue Code, which are matched by the Company equal to 100% of the first 4% of the compensation contributed. Expense related to the 401(k) matching contributions for the years ended December 31, 2021, 2020 and 2019 was $2,976,000, $2,519,000 and $2,306,000, respectively.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES Income tax expense consisted of the following: Years Ended December 31, (Dollars in thousands) 2021 2020 2019 Income tax expense: Current $ 37,812 $ 22,766 $ 12,971 Deferred (5,832) (2,080) 3,908 Change in valuation allowance for deferred tax asset — — 23 Income tax expense $ 31,980 $ 20,686 $ 16,902 Effective tax rates differ from federal statutory rates applied to income before income taxes due to the following: Years Ended December 31, (Dollars in thousands) 2021 2020 2019 Tax provision computed at federal statutory rate $ 30,440 $ 17,789 $ 15,844 Effect of: State taxes, net 3,335 2,919 1,704 Stock-based compensation (1,778) (109) (23) Bank-owned life insurance (332) (121) (114) Tax exempt interest (201) (250) (442) Change in valuation allowance for deferred tax asset — — 23 Other 516 458 (90) Income tax expense $ 31,980 $ 20,686 $ 16,902 Deferred income taxes reflect the net tax effects of temporary differences between the recorded amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company’s deferred tax assets and liabilities are as follows: (Dollars in thousands) 2021 2020 Deferred tax assets Federal net operating loss carryforwards $ 7,231 $ 4,067 State net operating loss carryforwards 1,458 459 Stock-based compensation 5,742 1,799 Allowance for credit losses 11,341 24,317 Accrued liabilities 4,465 2,675 Lease liability 8,348 4,598 Other 707 446 Total deferred tax assets 39,292 38,361 Deferred tax liabilities Goodwill and intangible assets 9,449 2,452 Fair value adjustment on junior subordinated debentures 2,324 2,449 Premises and equipment 4,786 10,767 Installment gain on sale of subsidiary 626 1,049 Lease right-of-use asset 7,598 4,172 Unrealized gain on securities available for sale 1,023 1,601 Derivative financial instruments 1,475 193 Indemnification asset 1,123 8,575 Acquired loan basis 525 184 Other 62 214 Total deferred tax liabilities 28,991 31,656 Net deferred tax asset before valuation allowance 10,301 6,705 Valuation allowance (278) (278) Net deferred tax asset $ 10,023 $ 6,427 The Company's federal and state net operating loss carryforwards as of December 31, 2021 were $34,433,000 and $24,157,000, respectively, which will expire at various dates from 2031 through 2035, with the exception of $16,268,000 of net operating loss carryforwards generated after 2017 that will not expire. The Company has a valuation allowance on certain net operating loss carryforwards that are not expected to be realized before expiration. The Company's federal and state net operating loss carryforwards as of December 31, 2020 were $19,365,000 and $10,649,000, respectively. An Internal Revenue Code Section 382 (“Section 382”) ownership change was triggered as part of previous acquisitions. A significant portion of the deferred tax asset relating to the Company's net operating loss carryforwards is subject to the annual limitation rules under Section 382. The utilization of tax carryforward attributes acquired from the EJ Financial Corp. (2010) acquisition is subject to an annual limitation of $341,000. The utilization of tax carryforward attributes acquired from the National Bancshares, Inc. (2013) acquisition is subject to an annual limitation of $2,040,000. The utilization of tax carryforward attributes acquired from HubTran, Inc. (2021) is subject to an annual limitation of $1,594,000. The utilization of deferred tax assets related to the net operating loss and tax credit carryforwards acquired from the ColoEast (2016) stock acquisition are subject to an annual limitation of $1,906,000 under Section 382 rules. At December 31, 2021 and 2020, the Company had no amounts recorded for uncertain tax positions and does not expect any material changes in uncertain tax benefits during the next 12 months. The Company recognizes interest and penalties related to income tax matters in income tax expense.

Legal Contingencies

Legal Contingencies	12 Months Ended
	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Legal Contingencies	LEGAL CONTINGENCIESVarious legal claims arise from time to time in the normal course of business which, in the opinion of management, will have no material effect on the Company’s consolidated financial statements. The Company does not anticipate any material losses as a result of commitments and contingent liabilities.

Off-Balance Sheet Loan Commitme

Off-Balance Sheet Loan Commitments	12 Months Ended
	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Off-Balance Sheet Loan Commitments	OFF-BALANCE SHEET LOAN COMMITMENTS From time to time, the Company is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit. Those instruments involve, to varying degrees, elements of credit risk in excess of the amount recognized in the balance sheet. The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit and standby letters of credit is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance sheet financial instruments. The contractual amounts of financial instruments with off-balance sheet risk were as follows: December 31, 2021 December 31, 2020 (Dollars in thousands) Fixed Rate Variable Rate Total Fixed Rate Variable Rate Total Unused lines of credit $ 26,029 $ 523,483 $ 549,512 $ 43,406 $ 547,430 $ 590,836 Standby letters of credit $ 11,090 $ 5,409 $ 16,499 $ 5,464 $ 8,429 $ 13,893 Commitments to purchase loans $ — $ 108,423 $ 108,423 $ — $ 66,373 $ 66,373 Mortgage warehouse commitments $ — $ 823,060 $ 823,060 $ — $ 417,722 $ 417,722 Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being fully drawn upon, the total commitment amounts disclosed above do not necessarily represent future cash requirements. The Company evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if considered necessary by the Company, upon extension of credit, is based on management’s credit evaluation of the customer. Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third-party. In the event of nonperformance by the customer, the Company has rights to the underlying collateral, which can include commercial real estate, physical plant and property, inventory, receivables, cash and marketable securities. The credit risk to the Company in issuing standby letters of credit is essentially the same as that involved in extending loan facilities to its customers. Commitments to purchase loans represent loans purchased by the Company that have not yet settled. Mortgage warehouse commitments are unconditionally cancellable and represent the unused capacity on mortgage warehouse facilities the Company has approved. The Company reserves the right to refuse to buy any mortgage loans offered for sale by a customer, for any reason, at the Company’s sole and absolute discretion. The Company records an allowance for credit losses on off-balance sheet credit exposures through a charge to credit loss expense on the Company’s consolidated statements of income. At December 31, 2021 and 2020, the allowance for credit losses on off balance sheet credit exposures totaled $4,082,000 and $5,005,000, respectively, and was included in other liabilities on the Company’s consolidated balance sheets. The following table presents credit loss expense for off balance sheet credit exposures: Twelve Months Ended December 31, (Dollars in thousands) 2021 2020 2019 Credit loss expense (benefit) $ (922) $ 2,448 $ 99

Fair Value Disclosures

Fair Value Disclosures	12 Months Ended
	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Fair Value Disclosures	Fair Value Disclosures Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair values: Level 1 – Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2 – Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3 – Significant unobservable inputs that reflect a company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. Assets and liabilities measured at fair value on a recurring basis are summarized in the table below. (Dollars in thousands) Fair Value Measurements Using Total December 31, 2021 Level 1 Level 2 Level 3 Assets measured at fair value on a recurring basis Securities available for sale Mortgage-backed securities, residential $ — $ 37,449 $ — $ 37,449 Asset-backed securities — 6,764 — 6,764 State and municipal — 26,825 — 26,825 CLO Securities — 106,634 — 106,634 Corporate bonds — 2,056 — 2,056 SBA pooled securities — 2,698 — 2,698 $ — $ 182,426 $ — $ 182,426 Equity securities Mutual fund $ 5,504 $ — $ — $ 5,504 Loans held for sale $ — $ 7,330 $ — $ 7,330 Indemnification asset $ — $ — $ 4,786 $ 4,786 Derivative financial instruments (cash flow hedges) Interest rate swap $ — $ 6,164 $ — $ 6,164 (Dollars in thousands) Fair Value Measurements Using Total December 31, 2020 Level 1 Level 2 Level 3 Assets measured at fair value on a recurring basis Securities available for sale U.S. Government agency obligations $ — $ 15,088 $ — $ 15,088 Mortgage-backed securities, residential — 27,684 — 27,684 Asset-backed securities — 7,039 — 7,039 State and municipal — 37,395 — 37,395 CLO Securities — 122,204 — 122,204 Corporate bonds — 11,573 — 11,573 SBA pooled securities — 3,327 — 3,327 $ — $ 224,310 $ — $ 224,310 Equity securities Mutual fund $ 5,826 $ — $ — $ 5,826 Loans held for sale $ — $ 24,546 $ — $ 24,546 Indemnification asset $ — $ — $ 36,225 $ 36,225 Derivative financial instruments (cash flow hedges) Interest rate swap $ — $ 816 $ — $ 816 The Company used the following methods and assumptions to estimate fair value of financial instruments that are measured at fair value on a recurring basis: Securities available for sale – The fair values of debt securities available for sale are determined by third-party matrix pricing, which is a mathematical technique widely used in the industry to value debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted securities (Level 2 inputs). Equity securities – The fair values of equity securities are determined based on quoted market prices in active markets and are classified in Level 1 of the valuation hierarchy. Loans held for sale – The fair value of loans held for sale is determined using commitments on hand from investors or prevailing market prices and are classified in Level 2 of the valuation hierarchy. Derivative Financial Instruments – Currently, the Company uses interest rate swaps as part of its cash flow strategy to manage its interest rate risk. The valuation of these instruments is determined using widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of each derivative. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including interest rate curves and implied volatilities. The fair values of interest rate swaps are determined using the market standard methodology of netting the discounted future fixed cash receipts (or payments) and the discounted expected variable cash payments (or receipts). The variable cash payments (or receipts) are based on an expectation of future interest rates (forward curves) derived from observable market interest rate curves. The derivative financial instrument fair value is considered a Level 2 classification. Indemnification Asset The fair value of the indemnification asset is calculated as the present value of the estimated cash payments expected to be received from Covenant for probable losses on the covered Over-Formula Advance Portfolio. The cash flows are discounted at a rate to reflect the uncertainty of the timing and receipt of the payments from Covenant . The indemnification asset is reviewed quarterly and changes to the asset are recorded as adjustments to other noninterest income or expense, as appropriate, within the Consolidated Statements of Income. The indemnification asset fair value is considered a Level 3 classification. At December 31, 2021 and 2020, the estimated cash payments expected to be received from Covenant for probable losses on the covered Over-Formula Advance Portfolio were $5,038,000 and $39,200,000, respectively, and a discount rate of 5.0% and 8.8%, respectively, was applied to calculate the present value of the indemnification asset. A reconciliation of the opening balance to the closing balance of the fair value of the indemnification asset is as follows: (Dollars in thousands) 2021 2020 2019 Beginning balance $ 36,225 $ — $ — Indemnification asset recognized in business combination — 30,959 — Change in fair value of indemnification asset recognized in earnings 4,194 5,266 — Indemnification reduction (35,633) — — Ending balance $ 4,786 $ 36,225 $ — There were no transfers between levels for the years ended December 31, 2021 and 2020. Assets measured at fair value on a non-recurring basis are summarized in the table below. There were no liabilities measured at fair value on a non-recurring basis at December 31, 2021 and 2020. (Dollars in thousands) Fair Value Measurements Using Total December 31, 2021 Level 1 Level 2 Level 3 Collateral dependent loans Commercial real estate $ — $ — $ 366 $ 366 1-4 family residential properties — — 61 61 Commercial — — 2,435 2,435 Factored receivables — — 30,224 30,224 Consumer — — 60 60 Other real estate owned (1) : Commercial real estate — — 7 7 Construction, land development, land — — 63 63 $ — $ — $ 33,216 $ 33,216 (Dollars in thousands) Fair Value Measurements Using Total December 31, 2020 Level 1 Level 2 Level 3 Collateral dependent loans Commercial real estate $ — $ — $ 5,107 $ 5,107 Construction, land development, land — — 824 824 1-4 family residential properties — — — — Commercial — — 2,355 2,355 Factored receivables — — 41,065 41,065 Consumer — — 3 3 Other real estate owned (1) : Commercial real estate — — 273 273 1-4 family residential properties — — 114 114 Farmland — — 209 209 $ — $ — $ 49,950 $ 49,950 (1) Represents the fair value of OREO that was adjusted subsequent to its initial classification as OREO. As of December 31, 2021 and 2020, the only Level 3 assets with material unobservable inputs are associated with impaired loans and OREO. Collateral Dependent Loans Specific Allocation of ACL A loan is considered to be a collateral dependent loan when, based on current information and events, the Company expects repayment of the financial assets to be provided substantially through the operation or sale of the collateral and the Company has determined that the borrower is experiencing financial difficulty as of the measurement date. The ACL is measured by estimating the fair value of the loan based on the present value of expected cash flows, the market price of the loan, or the underlying fair value of the loan’s collateral. For real estate loans, fair value of the loan’s collateral is determined by third-party appraisals, which are then adjusted for the estimated selling and closing costs related to liquidation of the collateral. For this asset class, the actual valuation methods (income, sales comparable, or cost) vary based on the status of the project or property. For example, land is generally based on the sales comparable method while construction is based on the income and/or sales comparable methods. The unobservable inputs may vary depending on the individual assets with no one of the three methods being the predominant approach. The Company reviews the third-party appraisal for appropriateness and adjusts the value downward to consider selling and closing costs, which typically range from 5% to 8% of the appraised value. For non-real estate loans, fair value of the loan’s collateral may be determined using an appraisal, net book value per the borrower’s financial statements, or aging reports, adjusted or discounted based on management’s historical knowledge, changes in market conditions from the time of the valuation, and management’s expertise and knowledge of the client and client’s business. OREO OREO is primarily comprised of real estate acquired in partial or full satisfaction of loans. OREO is recorded at its estimated fair value less estimated selling and closing costs at the date of transfer, with any excess of the related loan balance over the fair value less expected selling costs charged to the ACL. Subsequent changes in fair value are reported as adjustments to the carrying amount and are recorded against earnings. The Company outsources the valuation of OREO with material balances to third-party appraisers. For this asset class, the actual valuation methods (income, sales comparable, or cost) vary based on the status of the project or property. For example, land is generally based on the sales comparable method while construction is based on the income and/or sales comparable methods. The unobservable inputs may vary depending on the individual assets with no one of the three methods being the predominant approach. The Company reviews the third-party appraisal for appropriateness and adjusts the value downward to consider selling and closing costs, which typically range from 5% to 8% of the appraised value. The estimated fair values of the Company’s financial instruments not measured at fair value on a recurring or non-recurring basis were as follows: December 31, 2021 Carrying Fair Value Measurements Using Total (Dollars in thousands) Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 383,178 $ 383,178 $ — $ — $ 383,178 Securities - held to maturity 4,947 — — 5,447 5,447 Loans not previously presented, gross 4,834,426 142,962 — 4,685,058 4,828,020 FHLB and other restricted stock 10,146 N/A N/A N/A N/A Accrued interest receivable 15,319 15,319 — — 15,319 Financial liabilities: Deposits 4,646,679 — 4,646,552 — 4,646,552 Customer repurchase agreements 2,103 — 2,103 — 2,103 Federal Home Loan Bank advances 180,000 — 180,000 — 180,000 Paycheck Protection Program Liquidity Facility 27,144 — 27,144 — 27,144 Subordinated notes 106,957 — 110,045 — 110,045 Junior subordinated debentures 40,602 — 41,286 — 41,286 Accrued interest payable 1,951 1,951 — — 1,951 December 31, 2020 Carrying Fair Value Measurements Using Total (Dollars in thousands) Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 314,393 $ 314,393 $ — $ — $ 314,393 Securities - held to maturity 5,919 — — 5,850 5,850 Loans not previously presented, gross 4,953,399 195,739 — 4,783,143 4,978,882 FHLB and other restricted stock 6,751 N/A N/A N/A N/A Accrued interest receivable 19,435 19,435 — — 19,435 Financial liabilities: Deposits 4,716,600 — 4,719,625 — 4,719,625 Customer repurchase agreements 3,099 — 3,099 — 3,099 Federal Home Loan Bank advances 105,000 — 105,000 — 105,000 Paycheck Protection Program Liquidity Facility 191,860 — 191,860 — 191,860 Subordinated notes 87,509 — 89,413 — 89,413 Junior subordinated debentures 40,072 — 40,379 — 40,379 Accrued interest payable 4,270 4,270 — — 4,270 For those financial instruments not previously described, the following methods and assumptions were used by the Company in estimating the fair values of financial instruments as disclosed herein: Cash and Cash Equivalents For financial instruments with a shorter term or with no stated maturity, prevailing market rates, and limited credit risk, the carrying amounts approximate fair value and are considered a Level 1 classification. Securities held to maturity The fair values of the Company’s investments in the subordinated notes of Trinitas IV, Trinitas V, and Trinitas VI classified as securities held to maturity are determined based on the securities’ discounted projected future cash flows (net present value), resulting in a Level 3 classification. Loans Loans include loans held for investment, excluding collateral dependent loans previously described above. For variable rate loans that reprice frequently and have no significant changes in credit risk, excluding previously presented collateral dependent loans measured at fair value on a non-recurring basis, fair values are based on carrying values. Fair values for fixed rate loans are estimated using discounted cash flow analyses. The discount rates used to determine the fair value of loans use interest rate spreads that reflect factors such as liquidity, credit, and nonperformance risk of the loans. These loans are considered a Level 3 classification. The fair values of commercial loans in the Company’s liquid credit portfolio are determined based on quoted market prices in active markets and are considered a Level 1 classification. FHLB and other restricted stock FHLB and other restricted stock is restricted to member banks and there are restrictions placed on its transferability. As a result, the fair value of FHLB and other restricted stock was not practicable to determine. Deposits The fair values disclosed for demand deposits and non-maturity transaction accounts are, by definition, equal to the amount payable on demand at the reporting date (that is, their carrying amounts) and are considered a Level 2 classification. Fair values for fixed rate time deposits are estimated using a discounted cash flow calculation that applies interest rates currently being offered on time deposits to a schedule of aggregated expected monthly maturities on time deposits resulting in a Level 2 classification. Customer repurchase agreements The carrying amount of customer repurchase agreements approximates fair value due to their short-term nature. The customer repurchase agreement fair value is considered a Level 2 classification. Federal Home Loan Bank advances The Company’s FHLB advances have variable rates or a maturity of less than three months and therefore fair value materially approximates carrying value and is considered a Level 2 classification. Paycheck Protection Program Liquidity Fund The Company’s PPPLF borrowings correspond to PPP loans and are expected to be short-term in duration, therefore fair value materially approximates carrying value and is considered a Level 2 classification. Subordinated notes The subordinated notes were valued based on quoted market prices, but due to limited trading activity for the subordinated notes in these markets, the subordinated notes are considered a Level 2 classification. Junior subordinated debentures The junior subordinated debentures were valued by discounting future cash flows using current interest rates for similar financial instruments, resulting in a Level 2 classification. Accrued Interest Receivable and Accrued Interest Payable The carrying amounts of accrued interest receivable and accrued interest payable approximate their fair values given the short-term nature of the receivables and are considered a Level 1 classification.

Related-Party Transactions

Related-Party Transactions	12 Months Ended
	Dec. 31, 2021
Related Party Transactions [Abstract]
Related-Party Transactions	RELATED-PARTY TRANSACTIONS In the ordinary course of business, we have granted loans to executive officers, directors, and their affiliates were as follows: Years Ended December 31, (Dollars in thousands) 2021 2020 Beginning balance $ 3,892 $ 39,651 New loans and advances — 500 Repayments and sales (3,892) (786) Effect of changes in composition of related parties — (35,473) Ending balance $ — $ 3,892 At December 31, 2021 and 2020, there were no loans to executive officers, directors, or their affiliates that were considered non-performing or potential problem loans. Deposits from executive officers, directors, and their affiliates at December 31, 2021 and 2020 were $34,111,000 and $30,294,000, respectively.

Regulatory Matters

Regulatory Matters	12 Months Ended
	Dec. 31, 2021
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]
Regulatory Matters	REGULATORY MATTERSThe Company (on a consolidated basis) and TBK Bank are subject to various regulatory capital requirements administered by federal and state 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 material effect on the Company’s or TBK Bank’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and TBK Bank must meet specific capital guidelines that involve quantitative measures of their assets, liabilities, and certain off balance sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Quantitative measures established by regulation to ensure capital adequacy require the Company and TBK Bank to maintain minimum amounts and ratios (set forth in the table below) of total, common equity Tier 1, and Tier 1 capital to risk weighted assets, and of Tier 1 capital to average assets. Management believes, as of December 31, 2021, the Company and TBK Bank meet all capital adequacy requirements to which they are subject. As of December 31, 2021, TBK Bank’s capital ratios exceeded those levels necessary to be categorized as “well capitalized” under the regulatory framework for prompt corrective action. To be categorized as “well capitalized,” TBK Bank must maintain minimum total risk based, common equity Tier 1 risk based, Tier 1 risk based, and Tier 1 leverage ratios as set forth in the table below. There are no conditions or events since December 31, 2021 that management believes have changed TBK Bank’s category. The actual capital amounts and ratios for the Company and TBK Bank are presented in the following table: Actual Minimum for Capital To Be Well (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio As of December 31, 2021 Total capital (to risk weighted assets) Triumph Bancorp, Inc. $769,475 14.1% $436,582 8.0% N/A N/A TBK Bank, SSB $698,286 12.9% $433,046 8.0% $541,307 10.0% Tier 1 capital (to risk weighted assets) Triumph Bancorp, Inc. $628,094 11.5% $327,701 6.0% N/A N/A TBK Bank, SSB $665,336 12.3% $324,554 6.0% $432,739 8.0% Common equity Tier 1 capital (to risk weighted assets) Triumph Bancorp, Inc. $542,492 9.9% $246,587 4.5% N/A N/A TBK Bank, SSB $665,336 12.3% $243,416 4.5% $351,600 6.5% Tier 1 capital (to average assets) Triumph Bancorp, Inc. $628,094 11.1% $226,340 4.0% N/A N/A TBK Bank, SSB $665,336 11.8% $225,538 4.0% $281,922 5.0% As of December 31, 2020 Total capital (to risk weighted assets) Triumph Bancorp, Inc. $715,142 13.0% $440,087 8.0% N/A N/A TBK Bank, SSB $653,359 12.1% $431,973 8.0% $539,966 10.0% Tier 1 capital (to risk weighted assets) Triumph Bancorp, Inc. $581,580 10.6% $329,196 6.0% N/A N/A TBK Bank, SSB $608,737 11.3% $323,223 6.0% $430,964 8.0% Common equity Tier 1 capital (to risk weighted assets) Triumph Bancorp, Inc. $496,508 9.0% $248,254 4.5% N/A N/A TBK Bank, SSB $608,737 11.3% $242,417 4.5% $350,158 6.5% Tier 1 capital (to average assets) Triumph Bancorp, Inc. $581,580 10.8% $215,400 4.0% N/A N/A TBK Bank, SSB $608,737 11.3% $215,482 4.0% $269,353 5.0% As permitted by the interim final rule issued on March 27, 2020 by the federal banking regulatory agencies, the Company has elected the option to delay the estimated impact on regulatory capital of ASU 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments”, which was effective January 1, 2020. The initial impact of adoption of ASU 2016-13 as well as 25% of the quarterly increases in the allowance for credit losses subsequent to adoption of ASU 2016-13 (collectively the “transition adjustments”) will be delayed for two years. After two years, the cumulative amount of the transition adjustments will become fixed and will be phased out of the regulatory capital calculations evenly over a three year period, with 75% recognized in year three, 50% recognized in year four, and 25% recognized in year five. After five years, the temporary regulatory capital benefits will be fully reversed. Dividends paid by TBK Bank are limited to, without prior regulatory approval, current year earnings and earnings less dividends paid during the preceding two years. The capital conservation buffer set forth by the Basel III regulatory capital framework was 2.5% at December 31, 2021 and December 31, 2020. The capital conservation buffer is designed to absorb losses during periods of economic stress and requires increased capital levels for the purpose of capital distributions and other payments. Failure to meet the full amount of the buffer will result in restrictions on the Company’s ability to make capital distributions, including dividend payments and stock repurchases, and to pay discretionary bonuses to executive officers. At December 31, 2021, the Company’s and TBK Bank’s risk based capital exceeded the required capital conservation buffer.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2021
Equity [Abstract]
Stockholders' Equity	STOCKHOLDERS’ EQUITY The following summarizes the Company’s capital structure. Preferred Stock Series C (Dollars in thousands, except per share amounts) December 31, 2021 December 31, 2020 Shares authorized 51,750 51,750 Shares issued 45,000 45,000 Shares outstanding 45,000 45,000 Par value per share $ 0.01 $ 0.01 Liquidation preference per share $ 1,000 $ 1,000 Liquidation preference amount $ 45,000 $ 45,000 Dividend rate 7.125 % 7.125 % Dividend payment dates Quarterly Quarterly On June 19, 2020, the Company issued 45,000 shares of 7.125% Series C Fixed-Rate Non-Cumulative Perpetual Preferred Stock, par value $0.01 per share, with a liquidation preference of $1,000 per share through an underwritten public offering of 1,800,000 depositary shares, each representing a 1/40 th ownership interest in a share of the Series C Preferred Stock. Total gross proceeds from the preferred stock offering were $45,000,000. Net proceeds after underwriting discounts and offering expenses were $42,364,000. The net proceeds will be used for general corporate purposes. Series C Preferred Stock holders are entitled to quarterly cash dividends accruing at the rate per annum of 7.125% beginning September 30, 2020, applied to the liquidation preference value of the stock. Any dividends not paid shall not accumulate but will be waived and not payable by the Company. Payments of dividends are subject to declaration by the board of the Company. The Series C Preferred Stock is not redeemable by the holder and is senior to the Company’s common stock. The Series C Preferred stock may be redeemed in whole or in part by the Company at liquidation value (i) on any dividend payment date on or after June 30, 2025 or (ii) within 90 days following a regulatory capital treatment event (as defined in the Statement of Designation), subject to regulatory approval. Common Stock December 31, (Dollars in thousands, except per share amounts) 2021 2020 Shares authorized 50,000,000 50,000,000 Shares issued 28,261,680 27,951,721 Treasury shares (3,102,801) (3,083,503) Shares outstanding 25,158,879 24,868,218 Par value per share $ 0.01 $ 0.01 Stock Repurchase Program During the year ended December 31, 2020, the Company purchased 871,319 shares into treasury stock under the Company's stock repurchase program at an average price of $40.81, for a total of $35,600,000, effectively completing the $50,000,000 stock repurchase program authorized by the Company's board of directors on October 16, 2019. During the year ended December 31, 2019, the Company purchased 2,080,791 shares into treasury stock under the Company's stock repurchase program at an average price of $30.90, for a total of $64,366,000, under the stock repurchase programs authorized by the Company's board of directors on October 29, 2018, July 17, 2019, and October 16, 2019. There were no stock repurchases made under stock repurchase programs during the year ended December 31, 2021.

Stock Based Compensation

Stock Based Compensation	12 Months Ended
	Dec. 31, 2021
Share-based Payment Arrangement [Abstract]
Stock Based Compensation	STOCK BASED COMPENSATION Stock based compensation expense that has been charged against income was $20,315,000, $4,618,000 and $3,654,000 for the years ended December 31, 2021, 2020 and 2019, respectively. 2014 Omnibus Incentive Plan The Company’s 2014 Omnibus Incentive Plan (“Omnibus Incentive Plan”) provides for the grant of nonqualified and incentive stock options, stock appreciation rights, restricted stock awards, restricted stock units, and other awards that may be settled in, or based upon the value of, the Company’s common stock. The aggregate number of shares of common stock available for issuance under the Omnibus Incentive Plan is 2,450,000 shares. Restricted Stock Awards A summary of changes in the Company’s nonvested Restricted Stock Awards (“RSAs”) under the Omnibus Incentive Plan for the year ended December 31, 2021 were as follows: Nonvested RSAs Shares Weighted Average Nonvested at January 1, 2021 205,536 $ 29.17 Granted 241,014 89.06 Vested (78,017) 34.08 Forfeited (5,129) 48.41 Nonvested at December 31, 2021 363,404 $ 67.56 RSAs granted to employees under the Omnibus Incentive Plan generally vest over three Restricted Stock Units A summary of changes in the Company’s nonvested Restricted Stock Units (“RSUs”) under the Omnibus Incentive Plan for the year ended December 31, 2021 were as follows: Nonvested RSUs Shares Weighted Average Nonvested at January 1, 2021 89,713 $ 33.34 Granted 32,757 103.36 Vested — — Forfeited — — Nonvested at December 31, 2021 122,470 $ 52.07 RSUs granted to employees under the Omnibus Incentive Plan vest after five years. Compensation expense for the RSUs will be recognized over the vesting period of the awards based on the fair value of the stock at the issue date. As of December 31, 2021, there was $4,093,000 of unrecognized compensation cost related to the nonvested RSUs. The cost is expected to be recognized over a remaining period of 3.16 years. Market Based Performance Stock Units A summary of changes in the Company’s nonvested Market Based Performance Stock Units (“Market Based PSUs”) under the Omnibus Incentive Plan for the year ended December 31, 2021 were as follows: Nonvested Market Based PSUs Shares Weighted Average Nonvested at January 1, 2021 85,611 $ 35.65 Granted 13,520 98.03 Vested — — Forfeited (4,147) 55.02 Nonvested at December 31, 2021 94,984 $ 43.68 Market Based PSUs granted to employees under the Omnibus Incentive Plan vest after three The fair value of the Market Based PSUs granted was determined using the following weighted average assumptions: Year Ended December 31, 2021 2020 2019 Grant date May 1, 2021 May 1, 2020 May 1, 2019 Performance period 3.00 years 3.00 years 3.00 years Stock price $ 88.63 $ 26.25 $ 30.82 Triumph stock price volatility 51.71 % 43.02 % 28.29 % Risk-free rate 0.35 % 0.25 % 2.25 % Expected volatilities were determined based on the historical volatilities of the Company and the specified peer group. The risk-free interest rate for the performance period was derived from the Treasury constant maturities yield curve on the valuation date. As of December 31, 2021, there was $1,693,000 of unrecognized compensation cost related to the nonvested Market Based PSUs. The cost is expected to be recognized over a remaining period of 1.84 years. Performance Based Performance Stock Units A summary of changes in the Company’s nonvested Performance Based Performance Stock Units (“Performance Based PSUs”) under the Omnibus Incentive Plan for the year ended December 31, 2021 were as follows: Nonvested Performance Based PSUs Shares Weighted Average Nonvested at January 1, 2021 256,625 $ 37.56 Granted 9,000 88.63 Vested — — Forfeited (6,242) 38.02 Nonvested at December 31, 2021 259,383 $ 39.32 Performance Based PSUs granted to employees under the Omnibus Incentive Plan vest after three years. The number of shares issued upon vesting will range from 0% to 200% of the shares granted based on the Company’s cumulative diluted earnings per share over the performance period. Compensation expense for the Performance Based PSUs will be estimated each period based on the fair value of the stock at the grant date and the most probable outcome of the performance condition, adjusted for the passage of time within the vesting period of the awards. During the year ended December 31, 2021, the Company recognized $7,405,000 of stock based compensation expense related to Performance based PSUs, which represents a cumulative catch-up to cover two-thirds of the three year vesting period. As of December 31, 2021, the maximum unrecognized compensation cost related to the nonvested Performance Based PSUs was $12,991,000, and the remaining performance period over which the cost could be recognized was 1.00 year. No compensation cost was recorded during the year ended December 31, 2020. Stock Options A summary of changes in the Company’s stock options under the Omnibus Incentive Plan for the year ended December 31, 2021 were as follows: Stock Options Shares Weighted Average Weighted Average Aggregate Outstanding at January 1, 2021 227,986 $ 25.16 Granted 16,939 88.63 Exercised (78,170) 22.13 Forfeited — — Expired — — Outstanding at December 31, 2021 166,755 $ 33.34 6.43 $ 14,297 Fully vested shares and shares expected to vest at December 31, 2021 166,755 $ 33.34 6.43 $ 14,297 Shares exercisable at December 31, 2021 103,994 $ 25.64 5.43 $ 9,717 Information related to the stock options for the years ended December 31, 2021, 2020 and 2019 was as follows: Year Ended December 31, (Dollars in thousands, except per share amounts) 2021 2020 2019 Aggregate intrinsic value of options exercised $ 5,304 $ 940 $ 155 Cash received from option exercises $ 577 $ — $ — Tax benefit realized from option exercises $ 1,114 $ 197 $ 33 Weighted average fair value of options granted (per share) $ 35.37 $ 8.85 $ 10.03 Fair value of vested awards $ 381 $ 471 $ 465 Stock options awarded to employees under the Omnibus Incentive Plan are generally granted with an exercise price equal to the market price of the Company’s common stock at the date of grant, vest over four years, and have ten years contractual terms. The fair value of stock options granted is estimated at the date of grant using the Black-Scholes option-pricing model. The fair value of the stock options granted was determined using the following weighted average assumptions: 2021 2020 2019 Risk-free interest rate 1.16 % 0.46 % 2.33 % Expected term 6.25 years 6.25 years 6.25 years Expected stock price volatility 39.26 % 33.83 % 27.46 % Dividend yield — — — Expected volatilities were determined based on a blend of the Company’s historical volatility and historical volatilities of a peer group of companies with a similar size, industry, stage of life cycle, and capital structure. The expected term of the options granted was determined based on the SEC simplified method, which calculates the expected term as the mid-point between the weighted average time to vesting and the contractual term. The risk-free interest rate for the expected term of the options was derived from the Treasury constant maturity yield curve on the valuation date. As of December 31, 2021, there was $416,000 of unrecognized compensation cost related to nonvested stock options. The cost is expected to be recognized over a remaining weighted average period of 2.77 years. Employee Stock Purchase Plan

Parent Company Only Condensed F

Parent Company Only Condensed Financial Information	12 Months Ended
	Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract]
Parent Company Only Condensed Financial Information	PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION The following tables present parent company only condensed financial information. Condensed Parent Company Only Balance Sheets: (Dollars in thousands) December 31, December 31, ASSETS Cash and cash equivalents $ 64,530 $ 51,183 Securities - held to maturity 4,947 5,919 Investment in bank subsidiary 938,255 793,938 Investment in non-bank subsidiaries 894 4,592 Other assets 479 866 Total assets $ 1,009,105 $ 856,498 LIABILITIES AND EQUITY Subordinated notes $ 106,957 $ 87,509 Junior subordinated debentures 40,602 40,072 Intercompany payables 128 178 Accrued expenses and other liabilities 2,554 1,958 Total liabilities 150,241 129,717 Stockholders' equity 858,864 726,781 Total liabilities and equity $ 1,009,105 $ 856,498 Condensed Parent Company Only Statements of Income: Years Ended December 31, (Dollars in thousands) 2021 2020 2019 Interest income $ 100 $ 270 $ 1,163 Interest expense (8,220) (7,477) (6,464) Credit loss (expense) benefit (56) (1,899) 83 Other income 53 (20) (187) Salaries and employee benefits expense (618) (606) (613) Other expense (2,379) (2,376) (2,069) Income (loss) before income tax and income from subsidiaries (11,120) (12,108) (8,087) Income tax (expense) benefit 2,202 2,631 193 Dividends from subsidiaries and equity in undistributed subsidiary income 121,892 73,501 66,438 Net income 112,974 64,024 58,544 Dividends on preferred stock (3,206) (1,701) — Net income available to common stockholders $ 109,768 $ 62,323 $ 58,544 Comprehensive income attributable to Parent $ 115,189 $ 68,737 $ 60,853 Condensed Parent Company Only Statements of Cash Flows: Years Ended December 31, (Dollars in thousands) 2021 2020 2019 Cash flows from operating activities: Net income $ 112,974 $ 64,024 $ 58,544 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Equity in undistributed subsidiary income (121,892) (58,501) (35,938) Net accretion of securities (87) (221) (923) Amortization of junior subordinated debentures 530 506 483 Amortization of subordinated notes issuance costs 1,224 182 116 Stock based compensation 420 315 315 Credit loss expense (benefit) 56 1,900 — Change in other assets 387 337 2,438 Change in accrued expenses and other liabilities 546 505 (4,771) Net cash provided by (used in) operating activities (5,842) 9,047 20,264 Cash flows from investing activities: Investment in subsidiaries 3,383 146 — Proceeds from maturities, calls, and pay downs of securities held to maturity 1,003 693 993 Net change in loans — 719 9,193 Net cash provided by (used in) investing activities 4,386 1,558 10,186 Cash flows from financing activities: Proceeds from issuance of subordinated notes, net 68,224 — 38,282 Repayment of subordinated notes (50,000) — — Issuance of common stock, net of issuance costs — — — Issuance of preferred stock, net of issuance costs — 42,364 — Dividends on preferred stock (3,206) (1,701) — Purchase of treasury stock (1,241) (35,772) (64,524) Stock option exercises 577 (227) — Proceeds from employee stock purchase plan common stock issuance 449 — — Net cash provided by (used in) financing activities 14,803 4,664 (26,242) Net increase (decrease) in cash and cash equivalents 13,347 15,269 4,208 Cash and cash equivalents at beginning of period 51,183 35,914 31,706 Cash and cash equivalents at end of period $ 64,530 $ 51,183 $ 35,914

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2021
Earnings Per Share [Abstract]
Earnings Per Share	EARNINGS PER SHARE The factors used in the earnings per share computation follow: Year Ended December 31, (Dollars in thousands) 2021 2020 2019 Basic Net income to common stockholders $ 109,768 $ 62,323 $ 58,544 Weighted average common shares outstanding 24,736,713 24,387,932 25,941,395 Basic earnings per common share $ 4.44 $ 2.56 $ 2.26 Diluted Net income to common stockholders $ 109,768 $ 62,323 $ 58,544 Weighted average common shares outstanding 24,736,713 24,387,932 25,941,395 Dilutive effects of: Assumed exercises of stock options 130,198 64,104 63,808 Restricted stock awards 170,276 86,498 47,242 Restricted stock units 76,049 25,978 3,441 Performance stock units - market based 136,199 51,304 4,119 Performance stock units - performance based — — — Employee stock purchase plan 2,617 — — Average shares and dilutive potential common shares 25,252,052 24,615,816 26,060,005 Diluted earnings per common share $ 4.35 $ 2.53 $ 2.25 Shares that were not considered in computing diluted earnings per common share because they were antidilutive or have not met the thresholds to be considered in the dilutive calculation are as follows: Year Ended December 31, 2021 2020 2019 Stock options 16,939 64,947 66,019 Restricted stock awards 8,463 — — Restricted stock units 15,000 — — Performance stock units - market based — — 55,228 Performance stock units - performance based 259,383 256,625 254,000 Employee stock purchase plan — — —

Business Segment Information

Business Segment Information	12 Months Ended
	Dec. 31, 2021
Segment Reporting [Abstract]
Business Segment Information	BUSINESS SEGMENT INFORMATION The following presents the Company’s operating segments. The accounting policies of the segments are substantially the same as those described in Note 1 – Summary of Significant Accounting Policies. Transactions between segments consist primarily of borrowed funds. Intersegment interest expense is allocated to the Factoring and Payments segments based on Federal Home Loan Bank advance rates. Credit loss expense is allocated based on the segment’s allowance for credit losses determination. Noninterest income and expense directly attributable to a segment are assigned to it and the majority of salaries and benefits expense for the Company's executive leadership team is allocated to the Banking segment. Taxes are paid on a consolidated basis and are not allocated for segment purposes. The Factoring segment includes only factoring originated by TBC. (Dollars in thousands) Year Ended December 31, 2021 Banking Factoring Payments Corporate Consolidated Total interest income $ 189,621 $ 185,741 $ 12,093 $ 100 $ 387,555 Intersegment interest allocations 10,389 (9,878) (511) — — Total interest expense 10,205 — — 8,220 18,425 Net interest income (expense) 189,805 175,863 11,582 (8,120) 369,130 Credit loss expense (benefit) (19,016) 9,691 438 57 (8,830) Net interest income after credit loss expense 208,821 166,172 11,144 (8,177) 377,960 Noninterest income 33,447 13,005 7,451 598 54,501 Noninterest expense 169,114 74,768 39,769 3,856 287,507 Operating income (loss) $ 73,154 $ 104,409 $ (21,174) $ (11,435) $ 144,954 (Dollars in thousands) Year Ended December 31, 2020 Banking Factoring Payments Corporate Consolidated Total interest income $ 207,978 $ 109,391 $ 4,474 $ 272 $ 322,115 Intersegment interest allocations 12,815 (12,371) (444) — — Total interest expense 29,910 — — 7,477 37,387 Net interest income (expense) 190,883 97,020 4,030 (7,205) 284,728 Credit loss expense (benefit) 20,217 16,042 172 1,898 38,329 Net interest income after credit loss expense 170,666 80,978 3,858 (9,103) 246,399 Gain on sale of subsidiary or division 9,758 — — — 9,758 Other noninterest income 29,379 21,010 125 113 50,627 Noninterest expense 151,115 54,011 12,880 4,068 222,074 Operating income (loss) $ 58,688 $ 47,977 $ (8,897) $ (13,058) $ 84,710 (Dollars in thousands) Year Ended December 31, 2019 Banking Factoring Payments Corporate Consolidated Total interest income $ 210,528 $ 98,247 $ 1,214 $ 1,164 $ 311,153 Intersegment interest allocations 11,510 (11,294) (216) — — Total interest expense 48,786 — — 6,464 55,250 Net interest income (expense) 173,252 86,953 998 (5,300) 255,903 Credit loss expense (benefit) 5,465 2,486 68 (77) 7,942 Net interest income after credit loss expense 167,787 84,467 930 (5,223) 247,961 Noninterest income 26,825 4,727 49 (32) 31,569 Noninterest expense 141,900 51,780 6,720 3,684 204,084 Operating income (loss) $ 52,712 $ 37,414 $ (5,741) $ (8,939) $ 75,446 Total assets and gross loans below include intersegment loans, which eliminate in consolidation. (Dollars in thousands) December 31, 2021 Banking Factoring Payments Corporate Eliminations Consolidated Total assets $ 5,568,826 $ 1,679,495 $ 293,212 $ 1,009,998 $ (2,595,281) $ 5,956,250 Gross loans $ 4,444,136 $ 1,546,361 $ 153,176 $ 700 $ (1,276,801) $ 4,867,572 (Dollars in thousands) December 31, 2020 Banking Factoring Payments Corporate Eliminations Consolidated Total assets $ 5,791,537 $ 1,121,704 $ 115,836 $ 861,967 $ (1,955,253) $ 5,935,791 Gross loans $ 4,788,093 $ 1,036,548 $ 84,222 $ 800 $ (912,887) $ 4,996,776

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2021
Subsequent Events [Abstract]
Subsequent Events	SUBSEQUENT EVENTS On February 7, 2022, the Company announced that its board of directors had authorized the Company to repurchase up to $50,000,000 of its outstanding common stock in open market transactions or through privately negotiated transactions at the Company’s discretion. The amount, timing and nature of any share repurchases will be based on a variety of factors, including the trading price of the Company’s common stock, applicable securities laws restrictions, regulatory limitations and market and economic factors. The repurchase program is authorized for a period of up to one year and does not require the Company to repurchase any specific number of shares. The repurchase program may be modified, suspended or discontinued at any time, at the Company’s discretion. The Company has not yet made any repurchases under this program.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Nature of Operations	Nature of Operations Triumph Bancorp, Inc. (collectively with its subsidiaries, “Triumph”, or the “Company” as applicable) is a financial holding company headquartered in Dallas, Texas, offering a diversified line of payments, factoring and banking services. The accompanying consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries Triumph CRA Holdings, LLC (“TCRA”), TBK Bank, SSB (“TBK Bank”), TBK Bank’s wholly owned factoring subsidiary Advance Business Capital LLC, which currently operates under the d/b/a of Triumph Business Capital (“TBC”), TBK Bank’s wholly owned subsidiary Triumph Insurance Group, Inc. (“TIG”). TriumphPay operates as a division of TBK Bank, SSB. On June 30, 2020, the Company sold the assets of Triumph Premium Finance (“TPF”) and exited its premium finance line of business. TPF operated within the Company’s TBK Bank subsidiary. See Note 2 – Business Combinations and Divestitures for additional information pertaining to the TPF sale and the impact of the transaction on the Company’s consolidated financial statements.
Principles of Consolidation and Basis of Presentation	Principles of Consolidation and Basis of Presentation The Company consolidates subsidiaries in which it holds, directly or indirectly, a controlling financial interest. The Company determines whether it has a controlling financial interest in an entity by first evaluating whether the entity is a voting interest entity or a variable interest entity under U.S. generally accepted accounting principles (“GAAP”). Voting interest entities are entities in which the total equity investment at risk is sufficient to enable the entity to finance itself independently and provides the equity holders with the obligation to absorb losses, the right to receive residual returns and the right to make decisions about the entity’s activities. The Company consolidates voting interest entities in which it has at least a majority of the voting interest. Variable interest entities (“VIEs”) are entities that lack one or more of the characteristics of a voting interest entity. A controlling financial interest in a VIE is present when an enterprise has both the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance and an obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE. The enterprise with a controlling financial interest, known as the primary beneficiary, consolidates the VIE. In consolidation, all significant intercompany accounts and transactions are eliminated. Investments in unconsolidated entities are accounted for using the equity method of accounting when the Company has the ability to exercise significant influence over operating and financing decisions. Investments that do not meet the criteria for equity method accounting are accounted for using the cost method of accounting. The accounting and reporting policies of the Company and its subsidiaries conform to GAAP and general practice within the banking industry. Certain reclassifications have been made to prior year amounts to conform to the current year presentation. The Company uses the accrual basis of accounting for financial reporting purposes.
Use of Estimates	Use of Estimates To prepare financial statements in conformity with GAAP management makes estimates and assumptions based on available information. These estimates and assumptions affect the amounts reported in the financial statements and the disclosures provided, and actual results could differ.
Risks And Uncertainties	Risks and Uncertainties COVID-19 has adversely impacted a broad range of industries in which the Company's customers operate and could still impair their ability to fulfill their financial obligations to the Company. The Company’s business is dependent upon the willingness and ability of its employees and customers to conduct banking and other financial transactions. While epidemiological and macroeconomic conditions have improved as of December 31, 2021, if there is a resurgence in the virus, the Company could experience further adverse effects on its business, financial condition, results of operations and cash flows. While it is not possible to know the full universe or extent that the impact of COVID-19, and any potential resulting measures to curtail its spread, will have on the Company's future operations, the Company is disclosing potentially material items of which it is aware. Capital and liquidity The Company's reported and regulatory capital ratios could be adversely impacted by further credit loss expense. The Company relies on cash on hand as well as dividends from its subsidiary bank to service its debt. If the Company's capital deteriorates such that its subsidiary bank is unable to pay dividends to the Company for an extended period of time, the Company may not be able to service its debt. The Company maintains access to multiple sources of liquidity. Wholesale funding markets have remained open to the Company, but rates for short-term funding can be volatile. If funding costs are elevated for an extended period of time, it could have an adverse effect on the Company's net interest margin. If a double-dip recession were to cause large numbers of the Company's deposit customers to withdraw their funds, the Company might become more reliant on volatile or more expensive sources of funding. Intangible asset valuation The lingering effects COVID-19 could cause a decline in the Company’s stock price or the occurrence of what management would deem to be a triggering event that could, under certain circumstances, cause us to perform a goodwill impairment test and result in an impairment charge being recorded for that period. In the event that the Company concludes that all or a portion of its goodwill is impaired, a non-cash charge for the amount of such impairment would be recorded to earnings. Such a charge would have no impact on tangible capital or regulatory capital. It is possible that the lingering effects of COVID-19 could cause the occurrence of what management would deem to be a triggering event that could, under certain circumstances, cause us to perform an intangible asset impairment test and result in an impairment charge being recorded for that period. In the event that the Company concludes that all or a portion of its intangible assets are impaired, a non-cash charge for the amount of such impairment would be recorded to earnings. Such a charge would have no impact on tangible capital or regulatory capital. Lending operations and accommodations to borrowers In keeping with regulatory guidance to work with borrowers during this unprecedented situation and as outlined in the Section 4013 of the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) , the Company executed a payment deferral program for its commercial lending clients that are adversely affected by the pandemic. Depending on the demonstrated need of the client, the Company deferred either the full loan payment or the principal component of the loan payment for a stated period of time. This deferral program expired on December 31, 2021. As of December 31, 2021, the Company’s balance sheet reflected 5 of these deferrals on outstanding loan balances of $31,896,000. In accordance with the CARES Act and March 2020 interagency guidance, these deferrals are not considered troubled debt restructurings. It is possible that these deferrals could be extended further; however, the volume of these future potential extensions is unknown. It is also possible that in spite of the Company's best efforts to assist its borrowers and achieve full collection of the Company's investment, these deferred loans could result in future charge-offs with additional credit loss expense charged to earnings; however, the amount of any future charge-offs on deferred loans is unknown. At December 31, 2021, 95% of the $31,896,000 COVID deferral balance was made up of one relationship. While interest and fees continue to accrue to income through normal GAAP accounting, should eventual credit losses on these deferred payments emerge, the related loans would be placed on nonaccrual status and interest income and fees accrued would be reversed. In such a scenario, interest income in future periods could be negatively impacted. As of December 31, 2021 the Company carries $124,000 of accrued interest income and fees on outstanding deferrals made to COVID-19 affected borrowers. With the passage of the Paycheck Protection Program (“PPP”), administered by the Small Business Administration (“SBA”), the Company has participated in assisting its customers with applications for resources through the program. PPP loans have two five Credit The Company is working with customers directly affected by COVID-19. The Company is prepared to offer assistance in accordance with regulator guidelines. As a result of the current economic environment caused by the COVID-19 virus, the Company is engaging in communication with borrowers to understand their situation and the challenges faced, allowing the Company to respond proactively as needs and issues arise. Should the economy experience a prolonged period of poor economic conditions or should economic conditions worsen, the Company could experience increases in its required allowance for credit losses (“ACL”) and record additional credit loss expense. It is possible that the Company’s asset quality measures could worsen at future measurement periods if the effects of COVID-19 are prolonged.
Cash and Cash Equivalents	Cash and Cash Equivalents For the purposes of reporting cash flows, cash and cash equivalents include cash on hand, amounts due from banks, other short-term investments and federal funds sold. All highly liquid investments with an initial maturity of less than 90 days are considered to be cash equivalents. Certain items, including loan and deposit transactions, customer repurchase agreements, and FHLB advances and repayments, are presented net in the statement of cash flows.
Debt Securities	Debt Securities The Company determines the classification of debt securities at the time of purchase. Debt securities that management has the positive intent and ability to hold to maturity are classified as held to maturity and recorded at amortized cost. Trading securities are recorded at fair value with changes in fair value included in earnings. Debt securities not classified as held to maturity or trading are classified as available for sale and recorded at fair value, with unrealized gains and losses excluded from earnings and reported in other comprehensive income (loss), net of tax. Gains and losses on the sale of securities are recorded on the trade date and are determined using the specific-identification method. Amortization of premiums and discounts are recognized in interest income over the period to maturity using the interest method, except for premiums on callable debt securities, which are amortized to their earliest call date. The Company has made a policy election to exclude accrued interest from the amortized cost basis of debt securities and report accrued interest in other assets in the consolidated balance sheets. A debt security is placed on nonaccrual status at the time any principal or interest payments become more than 90 days delinquent or if full collection of interest or principal becomes uncertain. Accrued interest for a security placed on nonaccrual is reversed against interest income. There was no accrued interest related to debt securities reversed against interest income for the years ended December 31, 2021, 2020 and 2019. Allowance for Credit Losses – Available for Sale Securities For available for sale debt securities in an unrealized loss position, the Company evaluates the securities to determine whether the decline in the fair value below the amortized cost basis (impairment) is due to credit-related factors or noncredit-related factors. Any impairment that is not credit related is recognized in other comprehensive income, net of applicable taxes. Credit-related impairment is recognized as an allowance for credit losses (“ACL”) on the balance sheet, limited to the amount by which the amortized cost basis exceeds the fair value, with a corresponding adjustment to earnings. Both the ACL and the adjustment to net income may be reversed if conditions change. However, if the Company intends to sell an impaired available for sale debt security or more likely than not will be required to sell such a security before recovering its amortized cost basis, the entire impairment amount must be recognized in earnings with a corresponding adjustment to the security’s amortized cost basis. Because the security’s amortized cost basis is adjusted to fair value, there is no ACL in such a situation. In evaluating available for sale debt securities in unrealized loss positions for impairment and the criteria regarding its intent or requirement to sell such securities, the Company considers the extent to which fair value is less than amortized cost, whether the securities are issued by the federal government or its agencies, whether downgrades by bond rating agencies have occurred, and the results of reviews of the issuers’ financial condition, among other factors. Changes in the allowance for credit losses are recorded as provision for (or reversal of) credit loss expense. Losses are charged against the ACL when management believes the uncollectability of an available for sale debt security is confirmed or when either of the criteria regarding intent or requirement to sell is met. Accrued interest receivable is excluded from the estimate of credit losses. Allowance for Credit Losses – Held to Maturity Securities The allowance for credit losses on held to maturity securities is estimated on a collective basis by major security type. At December 31, 2021 and 2020, the Company’s held to maturity securities consisted of investments in the subordinated notes of collateralized loan obligation (“CLO”) funds. Expected credit losses for these securities are estimated using a discounted cash flow methodology which considers historical credit loss information that is adjusted for current conditions and reasonable and supportable forecasts. Accrued interest receivable is excluded from the estimate of credit losses.
Equity Securities	Equity Securities Equity securities are recorded at fair value, with unrealized gains and losses included in earnings. Gains and losses on the sale of securities are recorded on the trade date and are determined using the specific-identification method.
Loans Held for Sale	Loans Held for Sale The Company elects the fair value option for recording 1-4 family residential mortgage loans and commercial loans held for sale. The fair value of loans held for sale is determined based on outstanding commitments from investors to purchase such loans or prevailing market rates. Increases or decreases in the fair value of loans held for sale, if any, are charged to earnings and are recorded in noninterest income in the consolidated statements of income. Gains and losses on sales of loans are based on the difference between the final selling price and the carrying value of the related loan sold. Mortgage loans held for sale are generally sold with servicing rights released. Management occasionally transfers loans held for investment to loans held for sale. Gains or losses on the transfer of loans to loans held for sale are recorded in noninterest income in the consolidated statements of income.
Loans	Loans Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at their amortized cost basis, which is the unpaid principal balance outstanding, net of unearned income, deferred loan fees and costs, premiums and discounts associated with acquisition date fair value adjustments on acquired loans, and any direct principal charge-offs. The Company has made a policy election to exclude accrued interest from the amortized cost basis of loans and report accrued interest separately from the related loan balance in other assets on consolidated balance sheets. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income over the remaining life of the loan without anticipating prepayments. Loans are considered past due or delinquent when the contractual principal or interest due in accordance with the terms of the loan agreement or any portion thereof remains unpaid after the due date of the scheduled payment. Loans are classified as nonaccrual when, in the opinion of management, collection of principal or interest is doubtful. The accrual of interest income on loans is typically discontinued at the time the loan is 90 days delinquent unless the loan is well-secured and in process of collection, or if full collection of interest or principal becomes uncertain. Consumer loans are typically charged off no later than 120 days past due. All interest accrued but not received for a loan placed on nonaccrual is reversed against interest income. Interest received on such loans is accounted for on the cash-basis or cost recovery method, until qualifying for return to accrual. Under the cost-recovery method, interest income is not recognized until the loan balance is reduced to zero. Under the cash basis method, interest income is recorded when the payment is received in cash. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Factored Receivables The Company purchases invoices from its factoring clients in schedules or batches. To a much lesser extent, the Company will also make short-term advances to its clients on transportation contracts for upcoming loads. Cash is advanced to the client to the extent of the applicable advance rate, less fees, as set forth in the individual factoring agreements. The face value of the invoices purchased or amount advanced is recorded by the Company as factored receivables, and the unadvanced portions of the invoices purchased, less fees, are considered client reserves. The client reserves are held to settle any payment disputes or collection shortfalls, may be used to pay clients’ obligations to various third parties as directed by the client, are periodically released to or withdrawn by clients, and are reported as deposits in the consolidated balance sheets. Unearned factoring fees and unearned net origination fees are deferred and recognized over the weighted average collection period for each client. Subsequent factoring fees are recognized in interest income as incurred by the client and deducted from the clients’ reserve balances. Other factoring-related fees, which include wire transfer fees, carrier payment fees, fuel advance fees, and other similar fees, are reported by the Company as non-interest income. Acquired Loans Acquired loans are recorded at fair value at the date of acquisition based on a discounted cash flow methodology that considers various factors including the type of loan and related collateral, classification status, fixed or variable interest rate, term of loan and whether or not the loan was amortizing, and a discount rate reflecting the Company’s assessment of risk inherent in the cash flow estimates. Certain larger purchased loans are individually evaluated while certain purchased loans are grouped together according to similar risk characteristics and are treated in the aggregate when applying various valuation techniques. These cash flow evaluations are inherently subjective as they require material estimates, all of which may be susceptible to significant change. Prior to January 1, 2020, loans acquired in a business combination that had evidence of deterioration of credit quality since origination and for which it was probable, at acquisition, that the Company would be unable to collect all contractually required payments receivable were considered purchased credit impaired (“PCI”). PCI loans were individually evaluated and recorded at fair value at the date of acquisition with no initial valuation allowance based on a discounted cash flow methodology that considered various factors including the type of loan and related collateral, classification status, fixed or variable interest rate, term of loan and whether or not the loan was amortizing, and a discount rate reflecting the Company’s assessment of risk inherent in the cash flow estimates. The difference between the undiscounted cash flows expected at acquisition and the investment in the loan, or the “accretable yield,” was recognized as interest income on a level-yield method over the life of the loan. Contractually required payments for interest and principal that exceed the undiscounted cash flows expected at acquisition, or the “nonaccretable difference,” were not recognized on the balance sheet and did not result in any yield adjustments, loss accruals or valuation allowances. Increases in expected cash flows, including prepayments, subsequent to the initial investment were recognized prospectively through adjustment of the yield on the loan over its remaining life. Decreases in expected cash flows were recognized as impairment. Valuation allowances on PCI loans reflected only losses incurred after the acquisition (meaning the present value of all cash flows expected at acquisition that ultimately were not to be received). Subsequent to January 1, 2020, loans acquired in a business combination that have experienced more-than-insignificant deterioration in credit quality since origination are considered purchased credit deteriorated (“PCD”) loans. At the acquisition date, an estimate of expected credit losses is made for groups of PCD loans with similar risk characteristics and individual PCD loans without similar risk characteristics. This initial allowance for credit losses is allocated to individual PCD loans and added to the purchase price or acquisition date fair values to establish the initial amortized cost basis of the PCD loans. As the initial allowance for credit losses is added to the purchase price, there is no credit loss expense recognized upon acquisition of a PCD loan. Any difference between the unpaid principal balance of PCD loans and the amortized cost basis is considered to relate to noncredit factors and results in a discount or premium. Discounts and premiums are recognized through interest income on a level-yield method over the life of the loans. All loans considered to be PCI prior to January 1, 2020 were converted to PCD on that date. For acquired loans not deemed purchased credit deteriorated at acquisition, the differences between the initial fair value and the unpaid principal balance are recognized as interest income on a level-yield basis over the lives of the related loans. At the acquisition date, an initial allowance for expected credit losses is estimated and recorded as credit loss expense. The subsequent measurement of expected credit losses for all acquired loans is the same as the subsequent measurement of expected credit losses for originated loans. Allowance for Credit Losses – Loans The Company adopted the current expected credit loss model under Accounting Standards Update (“ASU”) 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” (“ASU 2016-13”) on January 1, 2020 using the modified retrospective approach. Results for the periods beginning after January 1, 2020 are presented under ASU 2016-13 while prior period amounts are reported in accordance with the incurred loss model under previously applicable US GAAP. The Company recorded a net reduction of retained earnings of $1,770,000 upon adoption. The transition adjustment included an increase in the allowance for credit losses on loans of $269,000, an increase in the allowance for credit losses on held to maturity debt securities of $126,000, and an increase in the allowance for credit losses on off-balance sheet credit exposures of $1,918,000, net of the corresponding increases in deferred tax assets of $543,000. Under the current expected credit loss model adopted by the Company on January 1, 2020, the allowance for credit losses on loans is a valuation allowance estimated at each balance sheet date in accordance with US GAAP that is deducted from the loans’ amortized cost basis to present the net amount expected to be collected on the loans. The Company estimates the ACL on loans based on the underlying assets’ amortized cost basis, which is the amount at which the financing receivable is originated or acquired, adjusted for applicable accretion or amortization of premium, discount, and net deferred fees or costs, collection of cash, and charge-offs. In the event that collection of principal becomes uncertain, the Company has policies in place to reverse accrued interest in a timely manner. Therefore, the Company has made a policy election to exclude accrued interest from the measurement of ACL. Expected credit losses are reflected in the allowance for credit losses through a charge to credit loss expense. When the Company deems all or a portion of a financial asset to be uncollectible the appropriate amount is written off and the ACL is reduced by the same amount. The Company applies judgment to determine when a financial asset is deemed uncollectible; however, generally speaking, an asset will be considered uncollectible no later than when all efforts at collection have been exhausted. Subsequent recoveries, if any, are credited to the ACL when received. The Company measures expected credit losses of financial assets on a collective (pool) basis, when the financial assets share similar risk characteristics. Depending on the nature of the pool of financial assets with similar risk characteristics, the Company uses a discounted cash flow (“DCF”) method or a loss-rate method to estimate expected credit losses. The Company’s methodologies for estimating the ACL consider available relevant information about the collectability of cash flows, including information about past events, current conditions, and reasonable and supportable forecasts. The methodologies apply historical loss information, adjusted for asset-specific characteristics, economic conditions at the measurement date, and forecasts about future economic conditions expected to exist through the contractual lives of the financial assets that are reasonable and supportable, to the identified pools of financial assets with similar risk characteristics for which the historical loss experience was observed. The Company’s methodologies revert back to historical loss information on a straight-line basis over eight quarters when it can no longer develop reasonable and supportable forecasts. The Company has identified the following pools of financial assets with similar risk characteristics for measuring expected credit losses: Commercial Real Estate — This category of loans consists of the following loan types: Non-farm Non-residential — This category includes real estate loans for a variety of commercial property types and purposes, including owner occupied commercial real estate loans primarily secured by commercial office or industrial buildings, warehouses or retail buildings where the owner of the building occupies the property. Repayment terms vary considerably, interest rates are fixed or variable, and are structured for full, partial, or no amortization of principal. This category also includes investment real estate loans that are primarily secured by office and industrial buildings, warehouses, small retail shopping centers and various special purpose properties. Generally, these types of loans are thought to involve a greater degree of credit risk than owner occupied commercial real estate as they are more sensitive to adverse economic conditions. Multi-family residential — Investment real estate loans are primarily secured by non-owner occupied apartment or multifamily residential buildings. Generally, these types of loans are thought to involve a greater degree of credit risk than owner occupied commercial real estate as they are more sensitive to adverse economic conditions. Construction, land development, land —This category of loans consists of loans to finance the ground up construction, improvement and/or carrying for sale after the completion of construction of owner occupied and non-owner occupied residential and commercial properties, and loans secured by raw or improved land. The repayment of construction loans is generally dependent upon the successful completion of the improvements by the builder for the end user, or sale of the property to a third-party. Repayment of land secured loans are dependent upon the successful development and sale of the property, the sale of the land as is, or the outside cash flow of the owners to support the retirement of the debt. 1-4 family residential — This category of loans includes both first and junior liens on residential real estate. Home equity revolving lines of credit and home equity term loans are included in this group of loans. Farmland — These loans are principally loans to purchase farmland. Commercial — Commercial loans are loans for commercial, corporate and business purposes. The Company’s commercial business loan portfolio is comprised of loans for a variety of purposes and across a variety of industries. These loans include general commercial and industrial loans, loans to purchase capital equipment, agriculture operating loans and other business loans for working capital and operational purposes. Commercial loans are generally secured by accounts receivable, inventory and other business assets. Also included in commercial loans are our Paycheck Protection ("PPP") loans originated during 2020 and 2021. Equipment — Equipment finance loans are commercial loans primarily secured by new or used revenue producing, essential-use equipment from major manufacturers that is movable, may be used in more than one type of business, and generally has broad resale markets. Core markets include transportation, construction, and waste. Loan terms do not exceed the economic life of the equipment and typically are 60 months or less . Asset-based Lending — These loans are originated to borrowers to support general working capital needs. The asset-based loan structure involves advances of loan proceeds against a borrowing base which typically consists of accounts receivable, identified readily marketable inventory, or other collateral of the borrower. The maximum amount a customer may borrow at any time is fixed as a percentage of the borrowing base outstanding. Liquid Credit — Broadly syndicated leveraged loans secured by a variety of collateral types. Factored Receivables — The Company operates as a factor by purchasing accounts receivable from its clients, then collecting the receivable from the account debtor. The Company’s smaller factoring relationships are typically structured as “non-recourse” relationships ( i.e. , the Company retains the credit risk associated with the ability of the account debtor on a purchased invoice to ultimately make payment) and the Company’s larger factoring relationships are typically structured as “recourse” relationships ( i.e. , the Company’s client agrees to repurchase any invoices for which payment is not ultimately received from the account debtor). Advances initially made to the client to acquire the receivables are typically at a discount to the invoice value. The discount balance is held in client reserves, net of the Company’s compensation. The client reserves are held to settle any payment disputes or collection shortfalls, may be used to pay clients’ obligations to various third parties as directed by the client, are periodically released to or withdrawn by clients, and are reported as deposits. Consumer — Loans used for personal use, typically on an unsecured basis, and client overdrafts. Mortgage Warehouse — Mortgage Warehouse facilities are provided to unaffiliated mortgage origination companies and are collateralized by 1-4 family residential loans. The originator closes new mortgage loans with the intent to sell these loans to third-party investors for a profit. The Company provides funding to the mortgage companies for the period between the origination and their sale of the loan. The Company has a policy that requires that it separately validate that each residential mortgage loan was underwritten consistent with the underwriting requirements of the final investor or market standards prior to advancing funds. The Company is repaid with the proceeds received from sale of the mortgage loan to the final investor. Discounted Cash Flow Method The Company uses the discounted cash flow method to estimate expected credit losses for the commercial real estate, construction, land development, land, 1-4 family residential, commercial (excluding liquid credit), and consumer loan pools. For each of these loan segments, the Company generates cash flow projections at the instrument level wherein payment expectations are adjusted for estimated prepayment speed, curtailments, time to recovery, probability of default, and loss given default. The modeling of expected prepayment speeds, curtailment rates, and time to recovery tends to be less sensitive than other assumptions and such assumptions are based on historical internal data. The Company uses regression analysis of historical internal and peer data to determine suitable loss drivers to utilize when modeling lifetime probability of default and loss given default. This analysis also determines how expected probability of default and loss given default will react to forecasted levels of the loss drivers. For all loan pools utilizing the DCF method, management utilizes and forecasts national unemployment as a loss driver. Management also utilizes and forecasts either one one one For all DCF models, management has determined that four quarters represents a reasonable and supportable forecast period and reverts back to a historical loss rate over eight quarters on a straight-line basis. Management leverages economic projections from a reputable and independent third-party to inform its loss driver forecasts over the four-quarter forecast period. Other internal and external indicators of economic forecasts are also considered by management when developing the forecast metrics. The combination of adjustments for credit expectations (default and loss) and timing expectations (prepayment, curtailment, and time to recovery) produces an expected cash flow stream at the instrument level. Instrument effective yield is calculated, net of the impacts of prepayment assumptions, and the instrument expected cash flows are then discounted at that effective yield to produce an instrument-level net present value of expected cash flows (“NPV”). An ACL is established for the difference between the instrument’s NPV and amortized cost basis. Loss-Rate Method The Company uses a loss-rate method to estimate expected credit losses for the farmland, liquid credit, premium finance, factored receivable, and mortgage warehouse loan pools. For each of these loan segments, the Company applies an expected loss ratio based on internal and peer historical losses adjusted as appropriate for qualitative factors. Qualitative loss factors are based on management's judgment of company, market, industry or business specific data, changes in underlying loan composition of specific portfolios, trends relating to credit quality, delinquency, non-performing and adversely rated loans, and reasonable and supportable forecasts of economic conditions. Collateral Dependent Financial Assets Loans the Company has identified as collateral dependent that do not share risk characteristics are evaluated on an individual basis. For collateral dependent financial assets, the ACL is measured based on the difference between the fair value of the collateral plus other sources of repayment and the amortized cost basis of the asset as of the measurement date. When repayment is expected to be from the operation of the collateral, expected credit losses are calculated as the amount by which the amortized cost basis of the financial asset exceeds the present value of expected cash flows from the operation of the collateral. When repayment is expected to be from the sale of the collateral, expected credit losses are calculated as the amount by which the amortized costs basis of the financial asset exceeds the fair value of the underlying collateral less estimated cost to sell. The ACL may be zero if the fair value of the collateral at the measurement date exceeds the amortized cost basis of the financial asset. The Company’s estimate of the ACL reflects losses expected over the remaining contractual life of the assets. The contractual term does not consider extensions, renewals or modifications unless the Company has identified an expected troubled debt restructuring. A loan that has been modified or renewed is considered a troubled debt restructuring (“TDR”) when two conditions are met: 1) the borrower is experiencing financial difficulty and 2) concessions are made for the borrower's benefit that would not otherwise be considered for a borrower or transaction with similar credit risk characteristics. The Company’s ACL reflects all effects of a TDR when an individual asset is specifically identified as a reasonably expected TDR. The Company has determined that a TDR is reasonably expected no later than the point when the lender concludes that modification is the best course of action and it is at least reasonably possible that the troubled borrower will accept some form of concession from the lender to avoid a default. Reasonably expected TDRs and executed non-performing TDRs are evaluated individually to determine the required ACL. TDRs performing in accordance with their modified contractual terms for a reasonable period of time may be included in the Company’s existing pools based on the underlying risk characteristics of the loan to measure the ACL. Paycheck Protection Program ("PPP") With the passage of the PPP, the Company has actively participated in assisting its customers with applications for loans through the program. Loans funded through the PPP program are fully guaranteed by the U.S. government subject to certain representations and warranties. This guarantee exists at the inception of the loans and throughout the lives of the loans and was not entered into separately and apart from the loans. ASC 326 requires credit enhancements that mitigate credit losses, such as the U.S. government guarantee on PPP loans, to be considered in estimating credit losses. The guarantee is considered “embedded” and, therefore, is considered when estimating credit loss on the PPP loans. Given that the loans are fully guaranteed by the U.S. government and absent any specific loss information on any of our PPP loans, the Company did not carry an ACL on its PPP loans at December 31, 2021 and 2020. Loan Commitments and Allowance for Credit Losses on Off-Balance Sheet Credit Exposures Financial instruments include off-balance sheet credit instruments, such as commitments to make loans, commitments to purchase broadly syndicated loans, and commercial letters of credit, issued to meet customer financing needs. The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for off-balance sheet loan commitments is represented by the contractual amount of those instruments. Such financial instruments are recorded when they are funded.
Federal Home Loan Bank ("FHLB") Stock	Federal Home Loan Bank (“FHLB”) Stock The Company is a member of the FHLB system. Members of the FHLB are required to own a certain amount of stock based on the level of borrowings and other factors, and may invest in additional amounts. FHLB stock is carried at cost, is restricted as to redemption, and periodically evaluated for impairment based on ultimate recovery of par value. Both cash and stock dividends are reported as income.
Premises and Equipment	Premises and Equipment Land is carried at cost. Depreciable assets are stated at cost less accumulated depreciation. Leasehold improvements are capitalized and depreciated using the straight-line method over the terms of the respective leases or the estimated useful lives of the improvements, whichever is shorter. Buildings and related components are generally depreciated using the straight-line method with useful lives ranging from five five twenty three The Company leases certain properties and equipment under operating leases. The Company recognizes a liability to make lease payments, the “lease liability”, and an asset representing the right to use the underlying asset during the lease term, the “right-of-use asset”. The lease liability is measured at the present value of the remaining lease payments, discounted at the Company’s incremental borrowing rate. The right-of-use asset is measured at the amount of the lease liability adjusted for the remaining balance of any lease incentives received, any cumulative prepaid or accrued rent if the lease payments are uneven throughout the lease term, any unamortized initial direct costs, and any impairment of the right-of-use-asset. Operating lease expense consists of a single lease cost calculated so that the remaining cost of the lease is allocated over the remaining lease term on a straight-line basis, variable lease payments not included in the lease liability, and any impairment of the right-of-use asset. Certain of the Company’s leases contain options to renew the lease; however, these renewal options are not included in the calculation of the lease liabilities as they are not reasonably certain to be exercised. The Company’s leases do not contain residual value guarantees or material variable lease payments. The Company does not have any material restrictions or covenants imposed by leases that would impact the Company’s ability to pay dividends or cause the Company to incur additional financial obligations. The Company has made an accounting policy election to not apply the recognition requirements to short-term leases. The Company has also elected to use the practical expedient to make an accounting policy election for property leases to include both lease and non-lease components as a single component and account for it as a lease. The Company’s leases are not complex; therefore there were no significant assumptions or judgements made as part of the determination of whether the contracts contained a lease, the allocation of consideration in the contracts between lease and non-lease components, and the determination of the discount rates for the leases.
Foreclosed Assets	Foreclosed Assets Assets acquired through loan foreclosure are initially recorded at fair value less costs to sell, establishing a new cost basis. Any write-down in the carrying value of a property at the time of acquisition is charged-off to the allowance for loan and lease losses. After foreclosure, foreclosed assets are carried at the lower of the recorded investment in the asset or the fair value less costs to sell. If fair value declines subsequent to foreclosure, a valuation allowance is recorded through expense. Operating costs after acquisition are expensed.
Goodwill	Goodwill Goodwill represents the excess of the cost of businesses acquired over the fair value of the net assets acquired. The Company evaluates goodwill for impairment on an annual basis or on an interim basis if an event occurs or circumstances change that would more likely than not reduce the fair value below its carrying amount. The Company’s annual goodwill impairment testing date is October 1. The Company first assesses qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount as a basis for determining the need to perform the test for goodwill impairment (the qualitative method). If the qualitative method cannot be used or if it determines, based on the qualitative method, that the fair value is more likely than not less than the carrying amount, the Company compares the estimated fair value of a reporting unit with its carrying amount, including goodwill. If the estimated fair value of a reporting unit exceeds its carrying amount, goodwill of the reporting unit is considered not impaired. If the carrying amount of a reporting unit exceeds its estimated fair value, the Company will record an impairment charge based on that difference. Our annual goodwill impairment test did not identify any goodwill impairment for the years ended December 31, 2021, 2020 and 2019.
Identifiable Intangible Assets	Identifiable Intangible Assets Intangible assets are acquired assets that lack physical substance but can be distinguished from goodwill because of contractual or other legal rights or because the asset is capable of being sold or exchanged either on its own or in combination with a related contract, asset, or liability. The Company's intangible assets primarily relate to core deposits, customer relationships and software. Intangible assets with definite useful lives are amortized on an accelerated basis over their estimated life. Intangible assets, premises and equipment and other long-lived assets are tested for impairment whenever events or changes in circumstances indicate the carrying amount of the assets may not be recoverable from future undiscounted cash flows. If impaired, the assets are recorded at fair value with a charge to amortization of intangible assets.
Software Developed for Internal Use	Software Developed for Internal Use The Company capitalizes internal and external costs related to internal-use software during the application development stage, including consulting costs and compensation expenses related to employees who devote time to the development of the projects. The Company records capitalized software development costs in other assets in the Consolidated Balance Sheets. Costs incurred in preliminary stages of development activities and post implementation activities are expensed in the period incurred. The Company also capitalizes costs related to specific upgrades and enhancements when it is probable the expenditures will result in additional functionality. Once the software is substantially complete and ready for its intended use, capitalization ceases and the asset is amortized straight line over its estimated useful life, which ranges between three
Bank Owned Life Insurance	Bank Owned Life Insurance The Company has purchased life insurance policies on certain key employees. The purchase of these life insurance policies allows the Company to use tax-advantaged rates of return. Bank-owned life insurance is recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due that are probable at settlement.
Derivative Financial Instruments	Derivative Financial Instruments The Company records all derivatives on the balance sheet at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Derivatives may also be designated as hedges of the foreign currency exposure of a net investment in a foreign operation. At December 31, 2021 and 2020, the Company had one cash flow hedge position and no fair value or foreign currency hedges. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the recognition of the changes in the fair value of the hedged asset or liability that are attributable to the hedged risk in a fair value hedge or the earnings effect of the hedged forecasted transactions in a cash flow hedge. Unrealized gains or losses are reported as other comprehensive income or loss. To qualify for the use of hedge accounting, a derivative must be effective at inception and expected to be continuously effective in offsetting the risk being hedged. A statistical regression analysis is performed at inception and at each reporting period thereafter to evaluate hedge effectiveness. In accordance with the FASB’s fair value measurement guidance, the Company made an accounting policy election to measure the credit risk of its derivative financial instruments that are subject to master netting agreements on a net basis by counterparty portfolio. The Company is exposed to certain risk 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 assets and liabilities and 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 receipts and its known or expected cash payments principally related to the Company’s interest-bearing deposits. The Company’s objectives in using interest rate derivatives are to add stability to interest expense and to manage its exposure to interest rate movements. To accomplish this objective, the Company primarily uses interest rate swaps as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. Beginning in 2020, such derivatives were used to hedge the variable cash flows associated with interest-bearing deposits.
Income Taxes	Income Taxes The Company files a consolidated tax return with its subsidiaries and is taxed as a C corporation. Deferred tax assets and liabilities are reflected at currently enacted income tax rates applicable to the period in which the deferred tax assets and liabilities are expected to be realized or settled. As changes in tax laws or rates are enacted, deferred tax assets and liabilities are adjusted through the provision for income taxes. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized. A tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. The Company recognizes interest and penalties related to income tax matters in income tax expense.
Fair Values of Financial Instruments	Fair Values of Financial Instruments In general, fair values of financial instruments are based upon quoted market prices, where available. If such quoted market prices are not available, fair value is based upon internally developed models that may use, as inputs, observable market-based parameters. Valuation adjustments may be made to ensure that financial instruments are recorded at fair value. These adjustments may include amounts to reflect counterparty credit quality and/or the Company’s creditworthiness, among other things, as well as unobservable parameters. Any such valuation adjustments are applied consistently over time. Changes in assumptions or in market conditions could significantly affect these estimates. In the ordinary course of business, the Company generally does not sell or transfer non-impaired loans and deposits. As such, the disclosures that present the December 31, 2021 and 2020 estimated fair value for non-impaired loans and deposits are judgmental and may not represent amounts to be received if the Company were to sell or transfer such items.
Revenue from Contracts with Customers	Revenue from Contracts with Customers The Company records revenue from contracts with customers in accordance with Accounting Standards Codification Topic 606, “Revenue from Contracts with Customers” (“Topic 606”). Under Topic 606, the Company must identify the contract with a customer, identify the performance obligations in the contract, determine the transaction price, allocate the transaction price to the performance obligations in the contract, and recognize revenue when (or as) the Company satisfies a performance obligation. Significant revenue has not been recognized in the current reporting period that results from performance obligations satisfied in previous periods. The Company’s primary sources of revenue are derived from interest and dividends earned on loans, investment securities, and other financial instruments that are not within the scope of Topic 606. The Company has evaluated the nature of its contracts with customers and determined that further disaggregation of revenue from contracts with customers into more granular categories beyond what is presented in the Consolidated Statements of Income was not necessary. The Company generally fully satisfies its performance obligations on its contracts with customers as services are rendered and the transaction prices are typically fixed; charged either on a periodic basis or based on activity. Because performance obligations are satisfied as services are rendered and the transaction prices are fixed, the Company has made no significant judgments in applying the revenue guidance prescribed in ASC 606 that affect the determination of the amount and timing of revenue from contracts with customers.
Operating Segments	Operating Segments The Company’s reportable segments are comprised of strategic business units primarily based upon industry categories and, to a lesser extent, the core competencies relating to product origination, distribution methods, operations and servicing. Segment determination also considered organizational structure and is consistent with the presentation of financial information to the chief operating decision maker to evaluate segment performance, develop strategy, and allocate resources. The Company's chief operating decision maker is the Chief Executive Officer of Triumph Bancorp, Inc. Management has determined that the Company has four reportable segments consisting of Banking, Factoring, Payments, and Corporate. The Banking segment includes the operations of TBK Bank. The Banking segment derives its revenue principally from investments in interest-earning assets as well as noninterest income typical for the banking industry. The Factoring segment includes the operations of TBC with revenue derived from factoring services. The Payments segment includes the operations of the TBK Bank's TriumphPay division, which is the payments network presentment, audit, and payment of over-the-road trucking invoices. The Payments segment derives its revenue from transaction fees and interest income on factored receivables related to invoice payments. These factored receivables consist of both invoices where we offer a carrier a QuickPay opportunity to receive payment at a discount in advance of the standard payment term for such invoice in exchange for the assignment of such invoice to us and from offering freight brokers the ability to settle their invoices with us on an extended term following our payment to their carriers as an additional liquidity option for such freight brokers. The corporate segment includes holding company financing and investment activities and management and administrative expenses to support the overall operations of the Company. Prior to June 30, 2021, management determined that the Company had three reportable segments consisting of Banking, Factoring, and Corporate, and the Banking segment included the operations of TBK Bank and TriumphPay. On June 1, 2021, TriumphPay acquired HubTran, Inc., a cloud-based provider of automation software for the trucking industry’s back office (see Note 2 – Business Combinations and Divestitures for further disclosures regarding the acquisition of HubTran). The acquisition of HubTran allows TriumphPay to create a payments network for trucking; servicing brokers and factors. TriumphPay already offered tools and services to provide automation, mitigate fraud, and create back-office efficiency. Through the acquisition of HubTran, TriumphPay created additional value through building upon its presentment, audit, and payment capabilities for shippers, third party logistics companies (i.e., freight brokers) and their carriers, and factors. The acquisition of HubTran was an inflection point in the operations of TriumphPay as the TriumphPay strategy has shifted from a capital-intensive on-balance sheet product with a focus on interest income to a payments network for the trucking industry with a focus on fee revenue. In terms of total revenue, operating income (loss), and total assets, TriumphPay had historically been quantitatively immaterial; however, given the shift in strategy brought on by the acquisition of HubTran as well as management and chief operating decision maker focus on TriumphPay operations, management believes disclosing TriumphPay's operations through the Payments segment is qualitatively useful for readers of these financial statements. This change also brings the Company's reportable segments in line with its reporting units used for goodwill impairment evaluation. Prior to the acquisition of HubTran, the Payments reporting unit carried no goodwill. Prior period business segment disclosures have been revised as appropriate to reflect the current period change in reportable segments.
Comprehensive Income (Loss)	Comprehensive Income (Loss) Comprehensive income (loss) consists of net income and other comprehensive income (loss). Other comprehensive income includes unrealized gains and losses on debt securities available for sale and cash flow hedges, net of taxes, which are also recognized as a separate component of equity.
Loss Contingencies	Loss Contingencies Loss contingencies, including claims and legal actions arising in the ordinary course of business, are recorded as liabilities when the likelihood of loss is probable and an amount or range of loss can be reasonably estimated. Management does not believe such matters exist that will have a material effect on the financial statements.
Transfers of Financial Assets	Transfers of Financial Assets Transfers of financial assets are accounted for as sales when control over the assets has been relinquished. Control over transferred assets is deemed to be relinquished when (i) the assets have been isolated from the Company, (ii) the transferee has the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (iii) the Company does not maintain effective control over the transferred assets through either (a) an agreement that entitles and obligates the Company to repurchase or redeem them before their maturity or (b) the ability to unilaterally cause the transferee to return specific assets.
Stock-Based Compensation	Stock Based Compensation Compensation cost is recognized for stock based payment awards issued to employees and directors, based on the fair value of these awards at the date of grant. A Black-Scholes model is utilized to estimate the fair value of stock options, a Monte Carlo simulation is utilized to estimate the fair value of market based performance stock units, and the market price of the Company’s common stock at the date of grant is used for restricted stock awards, restricted stock units, and performance based performance stock units. Compensation cost is recognized over the required service period, generally defined as the vesting period. The Company recognizes forfeitures of nonvested awards as they occur.
Earnings Per Common Share	Earnings Per Common Share Basic earnings per common share is net income less dividends on preferred stock divided by the weighted average number of common shares outstanding during the period excluding nonvested restricted stock awards. Diluted earnings per common share includes the dilutive effect of additional potential common shares issuable under stock warrants, restricted stock, stock options, and preferred shares that are convertible to common shares.
Advertising Costs	Advertising Costs Advertising costs are expensed as incurred.
Adoption of New Accounting Standards	Adoption of New Accounting Standards In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” (“ASU 2016-13”). ASU 2016-13 makes significant changes to the accounting for credit losses on financial instruments presented on an amortized cost basis and disclosures about them. The new current expected credit loss (“CECL”) impairment model requires an estimate of expected credit losses, measured over the contractual life of an instrument, which considers reasonable and supportable forecasts of future economic conditions in addition to information about past events and current conditions. The standard provides significant flexibility and requires a high degree of judgment with regards to pooling financial assets with similar risk characteristics and adjusting the relevant historical loss information in order to develop an estimate of expected lifetime losses. ASU 2016-13 permits the use of estimation techniques that are practical and relevant to the Company’s circumstances, as long as they are applied consistently over time and faithfully estimate expected credit losses in accordance with the standard. The ASU lists several common credit loss methods that are acceptable such as a discounted cash flow (“DCF”) method, loss-rate method and roll-rate method. In addition, ASU 2016-13 amends the accounting for credit losses on debt securities and purchased financial assets with credit deterioration. The Company adopted ASU 2016-13 on January 1, 2020 using the modified retrospective approach. Results for the periods beginning after January 1, 2020 are presented under Accounting Standards Codification (“ASC”) 326 while prior period amounts continue to be reported in accordance with previously applicable US GAAP. The Company recorded a net reduction of retained earnings of $1,770,000 upon adoption. The transition adjustment includes an increase in the allowance for credit losses on loans of $269,000, an increase in the allowance for credit losses on held to maturity debt securities of $126,000, and an increase in the allowance for credit losses on off-balance sheet credit exposures of $1,918,000, net of the corresponding increases in deferred tax assets of $543,000. The Company adopted ASU 2016-13 using the prospective transition approach for financial assets purchased with credit deterioration (“PCD”) that were previously classified as purchased credit impaired (“PCI”) and accounted for under ASC 310-30. In accordance with the standard, the Company did not reassess whether PCI assets met the criteria of PCD assets as of the date of adoption. The remaining discount on the PCD assets was determined to be related to noncredit factors and will be accreted into interest income on a level-yield method over the life of the loans. On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) was signed into law. Section 4013 of the CARES Act, “Temporary Relief From Troubled Debt Restructurings,” provides banks the option to temporarily suspend certain requirements under U.S. GAAP related to troubled debt restructurings (“TDR”) for a limited period of time to account for the effects of COVID-19. To qualify for Section 4013 of the CARES Act, borrowers must have been current at December 31, 2019. All modifications are eligible so long as they are executed between March 1, 2020 and the earlier of (i) December 31, 2020, or (ii) the 60th day after the end of the COVID-19 national emergency declared by the President of the U.S. Multiple modifications of the same credits are allowed and there is no cap on the duration of the modification. On December 21, 2020, certain provisions of the CARES Act, including the temporary suspension of certain requirements related to TDRs, were extended through December 31, 2021. See Note 4 of the footnotes to the consolidated financial statements for disclosure of the impact to date. In March 2020, various regulatory agencies, including the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation, (“the agencies”) issued an interagency statement on loan modifications and reporting for financial institutions working with customers affected by the Coronavirus. The interagency statement was effective immediately and impacted accounting for loan modifications. Under Accounting Standards Codification 310-40, “Receivables – Troubled Debt Restructurings by Creditors,” (“ASC 310-40”), a restructuring of debt constitutes a troubled debt restructuring (“TDR”) if the creditor, for economic or legal reasons related to the debtor’s financial difficulties, grands a concession to the debtor that it would not otherwise consider. The agencies confirmed with the staff of the FASB that short-term modifications made on a good faith basis in response to COVID-19 to borrowers who were current prior to any relief, are not to be considered TDRs. This includes short-term (e.g., six months) modifications such as payment deferrals, fee waivers, extensions of repayment terms, or other delays in payment that are insignificant. Borrowers considered current are those that are less than 30 days past due on their contractual payments at the time a modification program is implemented. Almost all of the Company’s modifications fall under Section 4013 of the CARES Act and thus, the interagency statement has had very little impact on the Company to date. In March 2020, the Financial Accounting Standards Board ("FASB") issued ASU No. 2020-04, “Reference Rate Reform (Topic 848),” which provides temporary optional relief for contracts modified as a result of reference rate reform meeting certain modification criteria, generally allowing an entity to account for contract modifications occurring due to reference rate reform as an event that does not require contract remeasurement or reassessment of a previous accounting determination at the modification date. The guidance also includes temporary optional expedients intended to provide relief from various hedge effectiveness requirements for hedging relationships affected by reference rate reform, provided certain criteria are met, and allows a one-time election to sell or transfer to either available-for-sale or trading any held-to-maturity ("HTM") debt securities that refer to an interest rate affected by reference rate reform and were classified as HTM prior to January 1, 2020. Additionally, in January 2021, the FASB issued ASU No. 2021-01, “Reference Rate Reform (Topic 848): Scope,” which provided additional clarification that certain optional expedients and exceptions noted above apply to derivative instruments that use an interest rate for margining, discounting or contract price alignment that is modified as a result of reference rate reform. This guidance was effective upon issuance and can be applied prospectively, with certain exceptions, through December 31, 2022. The adoption of this ASU did not significantly impact our consolidated financial statements. In November 2020, federal and state banking regulators issued the “Interagency Policy Statement on Reference Rates for Loans" to reiterate that a specific replacement rate for loans impacted by reference rate reform has not been endorsed and entities may utilize any replacement reference rate determined to be appropriate based on its funding model and customer needs. As discussed in the “Interagency Policy Statement on Reference Rates for Loans," fallback language should be included in lending contracts to provide for use of a robust fallback rate if the initial reference rate is discontinued. Additionally, federal banking regulators issued the "Interagency Statement on LIBOR Transition" acknowledging that the administrator of USD London Interbank Offered Rate (LIBOR) benchmarks has announced it will consult on its intention to cease the publication of the one week and two month USD LIBOR settings immediately following the LIBOR publication on December 31, 2021, and the remaining USD LIBOR settings immediately following the LIBOR publication on June 30, 2023. On March 5, 2021, the administrator of USD LIBOR benchmarks confirmed these dates and will cease publication of USD LIBOR tenors accordingly. As discussed in the "Interagency Statement on LIBOR Transition," regulators encouraged banks to cease entering into new contracts that use USD LIBOR as a reference rate as soon as practicable and in any event by December 31, 2021, in order to facilitate an orderly, safe and sound LIBOR transition. The Company continues to monitor efforts and evaluate the impact of reference rate reform on its consolidated financial statements; however, the impact is not expected to be significant.

Business Combinations and Div_2

Business Combinations and Divestitures (Tables)	12 Months Ended
	Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract]
Summary of Fair Values of the Identifiable Assets Acquired and Liabilities Assumed	A summary of the estimated fair values of assets acquired, liabilities assumed, consideration transferred, and the resulting goodwill is as follows: (Dollars in thousands) Initial Values Measurement Period Adjustments Adjusted Values Assets acquired: Cash $ 170 $ — $ 170 Intangible assets - capitalized software 16,932 — 16,932 Intangible assets - customer relationship 10,360 — 10,360 Other assets 1,546 24 1,570 29,008 24 29,032 Liabilities assumed: Deferred income taxes 4,703 (3,230) 1,473 Other liabilities 906 16 922 5,609 (3,214) 2,395 Fair value of net assets acquired $ 23,399 $ 3,238 $ 26,637 Consideration: Cash paid $ 97,096 $ — $ 97,096 Goodwill $ 73,697 $ (3,238) $ 70,459 A summary of the estimated fair values of assets acquired, liabilities assumed, consideration transferred, and the resulting goodwill is as follows: (Dollars in thousands) Initial Values Measurement Period Adjusted Values Assets acquired: Factored receivables $ 107,524 $ — $ 107,524 Allowance for credit losses (37,415) — (37,415) Factored receivables, net of ACL 70,109 — 70,109 Intangible assets 3,500 — 3,500 Indemnification asset 30,959 — 30,959 Deferred income taxes 1,448 (59) 1,389 106,016 (59) 105,957 Liabilities assumed: Deposits 5,361 — 5,361 5,361 — 5,361 Fair value of net assets acquired $ 100,655 $ (59) $ 100,596 Consideration: Cash paid $ 108,375 $ — $ 108,375 Stock consideration 13,942 — 13,942 Receivable due from seller subsequent to liquidation of stock consideration (17,196) — (17,196) Total consideration $ 105,121 $ — $ 105,121 Goodwill $ 4,466 $ 59 $ 4,525
Summary of Factored Receivables, Purchased with Credit Deterioration	The following table presents information at the acquisition date for factored receivables purchased for which there was, at acquisition, evidence of more than insignificant deterioration of credit quality since origination: (Dollars in thousands) Purchase price of loans at acquisition $ 25,147 Allowance for credit losses at acquisition 37,415 Non-credit discount/(premium) at acquisition 941 Par value of acquired loans at acquisition $ 63,503
Summary of Carrying Amount of Assets in Disposal Group and Gain on Sale	A summary of the carrying amount of the assets in the Disposal Group and the gain on sale is as follows: (Dollars in thousands) Carrying amount of assets in the disposal group: Loans $ 84,504 Premises and equipment, net 45 Other assets 11 84,560 Carrying amount of liabilities in the disposal group: Other liabilities 479 Total carrying amount $ 84,081 Total consideration received 94,531 Gain on sale of division 10,450 Transaction costs 692 Gain on sale of division, net of transaction costs $ 9,758

Securities (Tables)

Securities (Tables)	12 Months Ended
	Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Schedule of Gross Realized and Unrealized Gains (Losses) Recognized on Equity Securities	The gross realized and unrealized gains (losses) recognized on equity securities with readily determinable fair values in noninterest income in the Company’s consolidated statements of income were as follows: (Dollars in thousands) 2021 2020 2019 Unrealized gains (losses) on equity securities still held at the reporting date $ (322) $ 389 $ 393 Realized gains (losses) on equity securities sold during the period — — — $ (322) $ 389 $ 393
Schedule of Amortized Cost of Securities and Their Estimated Fair Values	Debt securities have been classified in the financial statements as available for sale or held to maturity. The following table summarizes the amortized cost, fair value, and allowance for credit losses of debt securities and the corresponding amounts of gross unrealized gains and losses of available for sale securities recognized in accumulated other comprehensive income (loss) and gross unrecognized gains and losses of held to maturity securities: (Dollars in thousands) Amortized Gross Gross Allowance for Credit Losses Fair December 31, 2021 Available for sale securities: Mortgage-backed securities, residential $ 36,885 $ 720 $ (156) $ — $ 37,449 Asset-backed securities 6,763 2 (1) — 6,764 State and municipal 26,309 516 — — 26,825 CLO Securities 103,579 3,109 (54) — 106,634 Corporate bonds 1,992 64 — — 2,056 SBA pooled securities 2,536 162 — — 2,698 Total available for sale securities $ 178,064 $ 4,573 $ (211) $ — $ 182,426 (Dollars in thousands) Amortized Gross Gross Fair December 31, 2021 Held to maturity securities: CLO securities $ 7,029 $ — $ (1,582) $ 5,447 Allowance for credit losses (2,082) Total held to maturity securities, net of ACL $ 4,947 (Dollars in thousands) Amortized Gross Gross Allowance for Credit Losses Fair December 31, 2020 Available for sale securities: U.S. Government agency obligations $ 14,942 $ 146 $ — $ — $ 15,088 Mortgage-backed securities, residential 26,547 1,139 (2) — 27,684 Asset-backed securities 7,091 — (52) — 7,039 State and municipal 36,238 1,157 — — 37,395 CLO Securities 118,128 4,335 (259) — 122,204 Corporate bonds 11,373 205 (5) — 11,573 SBA pooled securities 3,200 133 (6) — 3,327 Total available for sale securities $ 217,519 $ 7,115 $ (324) $ — $ 224,310 (Dollars in thousands) Amortized Gross Gross Fair December 31, 2020 Held to maturity securities: CLO securities $ 7,945 $ — $ (2,095) $ 5,850 Allowance for credit losses (2,026) Total held to maturity securities, net of ACL $ 5,919
Schedule of Amortized Cost and Estimated Fair Value of Debt Securities by Contractual Maturity	The amortized cost and estimated fair value of debt securities at December 31, 2021, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. Available for Sale Securities Held to Maturity Securities (Dollars in thousands) Amortized Fair Amortized Fair Due in one year or less $ 8,907 $ 8,931 $ — $ — Due from one year to five years 2,860 2,907 — — Due from five years to ten years 62,607 64,885 7,029 5,447 Due after ten years 57,506 58,792 — — 131,880 135,515 7,029 5,447 Mortgage-backed securities, residential 36,885 37,449 — — Asset-backed securities 6,763 6,764 — — SBA pooled securities 2,536 2,698 — — $ 178,064 $ 182,426 $ 7,029 $ 5,447
Schedule of Proceeds from Sales of Debt Securities and the Associated Gross Gains and Losses	Proceeds from sales of debt securities and the associated gross gains and losses are as follows: (Dollars in thousands) 2021 2020 2019 Proceeds $ — $ 70,198 $ 40,617 Gross gains — 3,233 133 Gross losses — (140) (125) Net gains and losses from calls of securities 5 133 53
Schedule of Information Pertaining to Debt Securities with Gross Unrealized Losses	The following table summarizes available for sale debt securities in an unrealized loss position for which an allowance for credit losses has not been recorded, aggregated by investment category and length of time that individual securities have been in a continuous loss position: Less than 12 Months 12 Months or More Total (Dollars in thousands) Fair Unrealized Fair Unrealized Fair Unrealized December 31, 2021 Available for sale securities: Mortgage-backed securities, residential $ 20,386 $ (155) $ 6 $ (1) $ 20,392 $ (156) Asset-backed securities 37 — 4,999 (1) 5,036 (1) State and municipal 30 — — — 30 — CLO Securities 22,707 (54) — — 22,707 (54) Corporate bonds — — — — — — SBA pooled securities — — — — — — Total available for sale securities $ 43,160 $ (209) $ 5,005 $ (2) $ 48,165 $ (211) Less than 12 Months 12 Months or More Total (Dollars in thousands) Fair Unrealized Fair Unrealized Fair Unrealized December 31, 2020 Available for sale securities: U.S. Government agency obligations $ — $ — $ — $ — $ — $ — Mortgage-backed securities, residential 100 (1) 215 (1) 315 (2) Asset-backed securities 129 — 6,911 (52) 7,040 (52) State and municipal — — — — — — CLO Securities 12,083 (93) 29,785 (166) 41,868 (259) Corporate bonds 498 (5) 150 — 648 (5) SBA pooled securities 889 (6) 29 — 918 (6) Total available for sale securities $ 13,699 $ (105) $ 37,090 $ (219) $ 50,789 $ (324)
Summary of Activity in Allowance for Credit Losses for Held To Maturity Debt Securities	The following table presents the activity in the allowance for credit losses for held to maturity debt securities: (Dollars in thousands) Year Ended December 31, Held to Maturity CLO Securities 2021 2020 2019 Allowance for credit losses: Beginning balance $ 2,026 $ — $ — Impact of adopting ASC 326 — 126 — Credit loss expense (benefit) 56 1,900 — Allowance for credit losses ending balance $ 2,082 $ 2,026 $ —

Loans and Allowance for Credi_2

Loans and Allowance for Credit Losses (Tables)	12 Months Ended
	Dec. 31, 2021
Receivables [Abstract]
Schedule of Loans Held for Sale	The following table presents loans held for sale: (Dollars in thousands) December 31, 2021 December 31, 2020 1-4 family residential $ 712 $ 6,319 Commercial 6,618 18,227 Total loans held for sale $ 7,330 $ 24,546
Schedule of Recorded Investment and Unpaid Principal	The following table presents the amortized cost and unpaid principal for loans held for investment: December 31, 2021 December 31, 2020 (Dollars in thousands) Amortized Cost Unpaid Difference Amortized Cost Unpaid Difference Commercial real estate $ 632,775 $ 634,319 $ (1,544) $ 779,158 $ 782,614 $ (3,456) Construction, land development, land 123,464 123,643 (179) 219,647 220,021 (374) 1-4 family residential properties 123,115 123,443 (328) 157,147 157,731 (584) Farmland 77,394 77,905 (511) 103,685 104,522 (837) Commercial 1,430,429 1,440,542 (10,113) 1,562,957 1,579,841 (16,884) Factored receivables 1,699,537 1,703,936 (4,399) 1,120,770 1,122,008 (1,238) Consumer 10,885 10,883 2 15,838 15,863 (25) Mortgage warehouse 769,973 769,973 — 1,037,574 1,037,574 — Total 4,867,572 $ 4,884,644 $ (17,072) 4,996,776 $ 5,020,174 $ (23,398) Allowance for credit losses (42,213) (95,739) $ 4,825,359 $ 4,901,037
Summary of Allowance for Loan and Lease Losses	The activity in the allowance for credit losses (“ACL”) related to loans held for investment is as follows: (Dollars in thousands) Beginning Credit Loss Expense (Benefit) Charge-offs Recoveries Ending Year ended December 31, 2021 Commercial real estate $ 10,182 $ (6,214) $ (17) $ 10 $ 3,961 Construction, land development, land 3,418 (2,584) (12) 5 827 1-4 family residential properties 1,225 (849) (34) 126 468 Farmland 832 (270) — — 562 Commercial 22,040 (7,725) (481) 651 14,485 Factored receivables 56,463 10,038 (46,043) 457 20,915 Consumer 542 (92) (359) 135 226 Mortgage warehouse 1,037 (268) — — 769 $ 95,739 $ (7,964) $ (46,946) $ 1,384 $ 42,213 (Dollars in thousands) Beginning Credit Loss Expense (Benefit) Charge-offs Recoveries Initial ACL on Loans Purchased with Credit Deterioration Reclassification Impact of Adopting ASC 326 Ending Balance Year ended December 31, 2020 Commercial real estate $ 5,353 $ 3,607 $ (320) $ 170 $ — $ — $ 1,372 $ 10,182 Construction, land development, land 1,382 2,005 (23) 241 — — (187) 3,418 1-4 family residential properties 308 378 (27) 53 — — 513 1,225 Farmland 670 (355) — 80 — — 437 832 Commercial 12,566 11,336 (2,344) 1,115 — (449) (184) 22,040 Factored receivables 7,657 16,079 (3,201) 143 37,415 — (1,630) 56,463 Consumer 488 562 (573) 117 — — (52) 542 Mortgage warehouse 668 369 — — — — — 1,037 $ 29,092 $ 33,981 $ (6,488) $ 1,919 $ 37,415 $ (449) $ 269 $ 95,739 (Dollars in thousands) Beginning Provision Charge-offs Recoveries Ending Year ended December 31, 2019 Commercial real estate $ 4,493 $ 1,163 $ (304) $ 1 $ 5,353 Construction, land development, land 1,134 234 (78) 92 1,382 1-4 family residential properties 317 71 (141) 61 308 Farmland 535 400 (265) — 670 Commercial 12,865 2,580 (3,326) 447 12,566 Factored receivables 7,299 2,556 (2,494) 296 7,657 Consumer 615 583 (876) 166 488 Mortgage warehouse 313 355 — — 668 $ 27,571 $ 7,942 $ (7,484) $ 1,063 $ 29,092
Individual And Collective Allowance For Credit Losses On Financing Receivables And Loan Balances	The following table presents the amortized cost basis of collateral dependent loans, which are individually evaluated to determine expected credit losses, and the related ACL allocated to these loans: (Dollars in thousands) Real Estate Accounts Equipment Other Total ACL December 31, 2021 Commercial real estate $ 2,143 $ — $ — $ 155 $ 2,298 $ 283 Construction, land development, land 987 — — — 987 — 1-4 family residential 1,583 — — 116 1,699 39 Farmland 1,803 — 126 116 2,045 — Commercial 254 — 5,598 3,017 8,869 1,733 Factored receivables — 42,863 — — 42,863 12,640 Consumer — — — 240 240 21 Mortgage warehouse — — — — — — Total $ 6,770 $ 42,863 $ 5,724 $ 3,644 $ 59,001 $ 14,716 At December 31, 2021 the balance of the Over-Formula Advance Portfolio included in factored receivables $10,077,000 and was fully reserved. At December 31, 2021 the balance of Misdirected Payments included in factored receivables was $19,361,000 and carried no ACL allocation. (Dollars in thousands) Real Estate Accounts Equipment Other Total ACL December 31, 2020 Commercial real estate $ 12,454 $ — $ — $ 162 $ 12,616 $ 1,334 Construction, land development, land 2,317 — — — 2,317 271 1-4 family residential 1,948 — — 248 2,196 34 Farmland 2,189 — 143 198 2,530 — Commercial 1,813 — 5,842 9,352 17,007 5,163 Factored receivables — 92,437 — — 92,437 51,371 Consumer — — — 253 253 37 Mortgage warehouse — — — — — — Total $ 20,721 $ 92,437 $ 5,985 $ 10,213 $ 129,356 $ 58,210
Summary of Contractually Past Due and Nonaccrual Loans	The following tables present an aging of contractually past due loans: (Dollars in thousands) Past Due Past Due Past Due 90 Total Past Due Current Total Past Due 90 December 31, 2021 Commercial real estate $ 1,021 $ — $ 16 $ 1,037 $ 631,738 $ 632,775 $ — Construction, land development, land 30 — 145 175 123,289 123,464 — 1-4 family residential properties 730 332 1,114 2,176 120,939 123,115 134 Farmland 378 154 977 1,509 75,885 77,394 — Commercial 996 346 4,948 6,290 1,424,139 1,430,429 — Factored receivables 70,109 18,302 39,134 127,545 1,571,992 1,699,537 39,134 Consumer 255 48 99 402 10,483 10,885 — Mortgage warehouse — — — — 769,973 769,973 — $ 73,519 $ 19,182 $ 46,433 $ 139,134 $ 4,728,438 $ 4,867,572 $ 39,268 (Dollars in thousands) Past Due Past Due Past Due 90 Total Past Due Current Total Past Due 90 December 31, 2020 Commercial real estate $ 1,512 $ 147 $ 7,623 $ 9,282 $ 769,876 $ 779,158 $ — Construction, land development, land 185 1,001 323 1,509 218,138 219,647 22 1-4 family residential properties 1,978 448 952 3,378 153,769 157,147 — Farmland 407 1,000 300 1,707 101,978 103,685 — Commercial 2,084 1,765 5,770 9,619 1,553,338 1,562,957 35 Factored receivables 33,377 28,506 72,717 134,600 986,170 1,120,770 72,717 Consumer 385 116 81 582 15,256 15,838 — Mortgage warehouse — — — — 1,037,574 1,037,574 — $ 39,928 $ 32,983 $ 87,766 $ 160,677 $ 4,836,099 $ 4,996,776 $ 72,774
Summary of Amortized Cost Basis of Loans on Nonaccrual Status	The following table presents the amortized cost basis of loans on nonaccrual status and the amortized cost basis of loans on nonaccrual status for which there was no related allowance for credit losses: December 31, 2021 December 31, 2020 (Dollars in thousands) Nonaccrual Nonaccrual Nonaccrual Nonaccrual Commercial real estate $ 2,025 $ 1,375 $ 9,945 $ 3,461 Construction, land development, land 964 964 2,294 1,199 1-4 family residential 1,683 1,582 1,848 1,651 Farmland 2,044 2,044 2,531 2,531 Commercial 8,078 3,910 17,202 4,891 Factored receivables — — — — Consumer 240 159 253 188 Mortgage warehouse — — — — $ 15,034 $ 10,034 $ 34,073 $ 13,921
Schedule of Accrued Interest on Non Accrual Loans Reversed Through Interest Income	The following table presents accrued interest on nonaccrual loans reversed through interest income: Year Ended December 31, (Dollars in thousands) 2021 2020 2019 Commercial real estate $ 8 $ 438 $ 58 Construction, land development, land — 1 44 1-4 family residential 3 32 12 Farmland 6 39 27 Commercial 36 86 32 Factored receivables — — — Consumer 3 2 3 Mortgage warehouse — — — $ 56 $ 598 $ 176
Schedule of Nonperforming Loans	The following table presents information regarding nonperforming loans: (Dollars in thousands) December 31, 2021 December 31, 2020 Nonaccrual loans (1) $ 15,034 $ 34,073 Factored receivables greater than 90 days past due 29,057 13,927 Other nonperforming factored receivables (2) 1,428 10,029 Troubled debt restructurings accruing interest 765 3 $ 46,284 $ 58,032 (1) Includes troubled debt restructurings of $3,912,000 and $13,321,000 at December 31, 2021 and 2020, respectively. (2) Other nonperforming factored receivables represent the portion of the Over-Formula Advance Portfolio that is not covered by Covenant's indemnification. This amount is also considered Classified from a risk rating perspective.
Summary of Risk Category of Loans	As of December 31, 2021 and 2020, based on the most recent analysis performed, the risk category of loans is as follows: Revolving Revolving Total (Dollars in thousands) Year of Origination December 31, 2021 2021 2020 2019 2018 2017 Prior Commercial real estate Pass $ 211,088 $ 249,652 $ 50,223 $ 25,930 $ 47,447 $ 37,290 $ 4,595 $ — $ 626,225 Classified 2,879 3,358 41 — 16 — 256 — 6,550 Total commercial real estate $ 213,967 $ 253,010 $ 50,264 $ 25,930 $ 47,463 $ 37,290 $ 4,851 $ — $ 632,775 Construction, land development, land Pass $ 56,764 $ 33,756 $ 4,744 $ 23,696 $ 1,199 $ 994 $ 8 $ — $ 121,161 Classified 2,150 8 — — — 145 — — 2,303 Total construction, land development, land $ 58,914 $ 33,764 $ 4,744 $ 23,696 $ 1,199 $ 1,139 $ 8 $ — $ 123,464 1-4 family residential Pass $ 26,840 $ 15,195 $ 9,485 $ 6,526 $ 8,591 $ 22,151 $ 32,210 $ 318 $ 121,316 Classified 273 233 53 6 64 1,089 81 — 1,799 Total 1-4 family residential $ 27,113 $ 15,428 $ 9,538 $ 6,532 $ 8,655 $ 23,240 $ 32,291 $ 318 $ 123,115 Farmland Pass $ 14,387 $ 13,396 $ 7,892 $ 8,040 $ 10,040 $ 19,792 $ 1,317 $ 241 $ 75,105 Classified 199 612 593 333 128 298 126 — 2,289 Total farmland $ 14,586 $ 14,008 $ 8,485 $ 8,373 $ 10,168 $ 20,090 $ 1,443 $ 241 $ 77,394 Commercial Pass $ 466,254 $ 332,746 $ 77,010 $ 18,940 $ 15,032 $ 7,704 $ 490,159 $ 49 $ 1,407,894 Classified 9,317 6,858 5,088 558 56 456 202 — 22,535 Total commercial $ 475,571 $ 339,604 $ 82,098 $ 19,498 $ 15,088 $ 8,160 $ 490,361 $ 49 $ 1,430,429 Factored receivables Pass $ 1,667,922 $ — $ — $ — $ — $ — $ — $ — $ 1,667,922 Classified 10,826 20,789 — — — — — — 31,615 Total factored receivables $ 1,678,748 $ 20,789 $ — $ — $ — $ — $ — $ — $ 1,699,537 Consumer Pass $ 3,252 $ 1,794 $ 669 $ 553 $ 2,424 $ 1,882 $ 70 $ — $ 10,644 Classified 5 — — 12 119 105 — — 241 Total consumer $ 3,257 $ 1,794 $ 669 $ 565 $ 2,543 $ 1,987 $ 70 $ — $ 10,885 Mortgage warehouse Pass $ 769,973 $ — $ — $ — $ — $ — $ — $ — $ 769,973 Classified — — — — — — — — — Total mortgage warehouse $ 769,973 $ — $ — $ — $ — $ — $ — $ — $ 769,973 Total loans Pass $ 3,216,480 $ 646,539 $ 150,023 $ 83,685 $ 84,733 $ 89,813 $ 528,359 $ 608 $ 4,800,240 Classified 25,649 31,858 5,775 909 383 2,093 665 — 67,332 Total loans $ 3,242,129 $ 678,397 $ 155,798 $ 84,594 $ 85,116 $ 91,906 $ 529,024 $ 608 $ 4,867,572 Revolving Revolving Total (Dollars in thousands) Year of Origination December 31, 2020 2020 2019 2018 2017 2016 Prior Commercial real estate Pass $ 271,406 $ 94,085 $ 62,075 $ 49,115 $ 27,921 $ 230,731 $ 27,666 $ 908 $ 763,907 Classified 10,298 2,239 133 1,367 664 550 — — 15,251 Total commercial real estate $ 281,704 $ 96,324 $ 62,208 $ 50,482 $ 28,585 $ 231,281 $ 27,666 $ 908 $ 779,158 Construction, land development, land Pass $ 72,149 $ 12,490 $ 11,829 $ 5,820 $ 8,946 $ 105,584 $ 12 $ 500 $ 217,330 Classified 2,031 34 — — — 252 — — 2,317 Total construction, land development, land $ 74,180 $ 12,524 $ 11,829 $ 5,820 $ 8,946 $ 105,836 $ 12 $ 500 $ 219,647 1-4 family residential Pass $ 58,300 $ 11,280 $ 11,425 $ 8,982 $ 4,400 $ 20,167 $ 35,326 $ 5,320 $ 155,200 Classified 1,473 149 137 23 11 49 105 — 1,947 Total 1-4 family residential $ 59,773 $ 11,429 $ 11,562 $ 9,005 $ 4,411 $ 20,216 $ 35,431 $ 5,320 $ 157,147 Farmland Pass $ 37,212 $ 10,095 $ 7,388 $ 15,262 $ 7,908 $ 20,572 $ 1,421 $ 486 $ 100,344 Classified 994 407 403 — 22 590 925 — 3,341 Total farmland $ 38,206 $ 10,502 $ 7,791 $ 15,262 $ 7,930 $ 21,162 $ 2,346 $ 486 $ 103,685 Commercial Pass $ 470,477 $ 162,203 $ 127,569 $ 94,154 $ 70,405 $ 181,312 $ 416,197 $ 11,396 $ 1,533,713 Classified 8,128 2,390 983 190 4,470 2,787 10,296 — 29,244 Total commercial $ 478,605 $ 164,593 $ 128,552 $ 94,344 $ 74,875 $ 184,099 $ 426,493 $ 11,396 $ 1,562,957 Factored receivables Pass $ 1,081,316 $ — $ — $ — $ — $ — $ — $ — $ 1,081,316 Classified 39,454 — — — — — — — 39,454 Total factored receivables $ 1,120,770 $ — $ — $ — $ — $ — $ — $ — $ 1,120,770 Consumer Pass $ 8,382 $ 2,251 $ 1,336 $ 1,258 $ 688 $ 1,594 $ 74 $ — $ 15,583 Classified 146 28 18 36 11 16 — — 255 Total consumer $ 8,528 $ 2,279 $ 1,354 $ 1,294 $ 699 $ 1,610 $ 74 $ — $ 15,838 Mortgage warehouse Pass $ 1,037,574 $ — $ — $ — $ — $ — $ — $ — $ 1,037,574 Classified — — — — — — — — — Total mortgage warehouse $ 1,037,574 $ — $ — $ — $ — $ — $ — $ — $ 1,037,574 Total loans Pass $ 3,036,816 $ 292,404 $ 221,622 $ 174,591 $ 120,268 $ 559,960 $ 480,696 $ 18,610 $ 4,904,967 Classified 62,524 5,247 1,674 1,616 5,178 4,244 11,326 — 91,809 Total loans $ 3,099,340 $ 297,651 $ 223,296 $ 176,207 $ 125,446 $ 564,204 $ 492,022 $ 18,610 $ 4,996,776
Schedule of Loans Modified as Troubled Debt Restructurings	The following table presents the pre- and post-modification recorded investment of loans modified as troubled debt restructurings during the years ended December 31, 2021, 2020, and 2019. The Company did not grant principal reductions on any restructured loans. (Dollars in thousands) Extended Payment Protective Advances AB Note Extended Total Number of December 31, 2021 Commercial real estate $ — $ — $ 741 $ — $ — $ 741 1 Commercial — 697 — — — 697 2 $ — $ 697 $ 741 $ — $ — $ 1,438 3 December 31, 2020 Commercial real estate $ — $ 727 $ — $ — $ — $ 727 3 Construction, land development, land 8 981 — — — 989 2 1-4 family residential properties — 171 — — — 171 1 Farmland 3,486 — — — — 3,486 1 Commercial 4,714 9,877 — — — 14,591 22 $ 8,208 $ 11,756 $ — $ — $ — $ 19,964 29 December 31, 2019 Commercial real estate $ — $ — $ — $ 4,597 $ — $ 4,597 1 1-4 family residential properties — 38 — — — 38 2 Commercial 1,762 115 — — 593 2,470 11 $ 1,762 $ 153 $ — $ 4,597 $ 593 $ 7,105 14
Balance of Loans Modified Due to COVID-19	The following table summarizes the balance of loans modified for borrowers impacted by the COVID-19 pandemic. Year Ended December 31, (Dollars in thousands) 2021 2020 Total modifications 10,801 628,022
Summary of Amortized Cost of Loans Currently in Deferral	The following table summarized the amortized cost of loans with payments currently in deferral and the accrued interest related to the loans with payments currently in deferral: (Dollars in thousands) Total Balance of Percentage Accrued December 31, 2021 Commercial real estate $ 632,775 $ 30,212 4.8 % $ 116 Construction, land development, land 123,464 1,340 1.1 % 5 1-4 family residential 123,115 — — % — Farmland 77,394 338 0.4 % 3 Commercial 1,430,429 — — % — Factored receivables 1,699,537 — — % — Consumer 10,885 6 0.1 % — Mortgage warehouse 769,973 — — % — Total $ 4,867,572 $ 31,896 0.7 % $ 124 (Dollars in thousands) Total Balance of Percentage Accrued December 31, 2020 Commercial real estate $ 779,158 $ 69,980 9.0 % $ 357 Construction, land development, land 219,647 18,821 8.6 % 183 1-4 family residential 157,147 1,129 0.7 % 15 Farmland 103,685 — — % — Commercial 1,562,957 14,561 0.9 % 166 Factored receivables 1,120,770 — — % — Consumer 15,838 106 0.7 % 5 Mortgage warehouse 1,037,574 — — % — Total $ 4,996,776 $ 104,597 2.1 % $ 726

Other Real Estate Owned (Tables

Other Real Estate Owned (Tables)	12 Months Ended
	Dec. 31, 2021
Other Real Estate [Abstract]
Summary of Other Real Estate Owned Activity	Other real estate owned activity was as follows: Years Ended December 31, (Dollars in thousands) 2021 2020 2019 Beginning balance $ 1,432 $ 3,009 $ 2,060 Loans transferred to OREO 692 1,150 3,360 Net OREO gains (losses) and valuation adjustments (347) (616) 351 Sales of OREO (1,253) (2,111) (2,762) Ending balance $ 524 $ 1,432 $ 3,009

Premises and Equipment (Tables)

Premises and Equipment (Tables)	12 Months Ended
	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Schedule of Premises and Equipment	Premises and equipment consisted of the following: (Dollars in thousands) December 31, December 31, Land $ 12,992 $ 12,992 Buildings 52,558 51,377 Leasehold improvements 35,235 25,203 Automobiles and aircraft 9,820 15,542 Furniture, fixtures and equipment 35,091 29,204 145,696 134,318 Accumulated depreciation (39,967) (30,914) $ 105,729 $ 103,404
Schedule of Lease Cost	Lease costs were as follows: Year Ended December 31, (Dollars in thousands) 2021 2020 2019 Operating lease cost $ 4,538 $ 5,290 $ 4,377 Short-term lease cost — — — Variable lease cost 443 422 333 Total lease cost $ 4,981 $ 5,712 $ 4,710
Schedule of Total Operating Lease Liability	A maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total operating lease liability is as follows: (Dollars in thousands) December 31, 2021 Lease payments due: Within one year $ 5,066 After one but within two years 4,854 After two but within three years 4,580 After three but within four years 4,600 After four but within five years 4,440 After five years 15,410 Total undiscounted cash flows 38,950 Discount on cash flows (3,122) Total lease liability $ 35,828

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets and Goodwill	Goodwill and intangible assets consist of the following: (Dollars in thousands) December 31, December 31, Goodwill $ 233,727 $ 163,209 December 31, 2021 December 31, 2020 (Dollars in thousands) Gross Carrying Accumulated Net Carrying Gross Carrying Accumulated Net Carrying Core deposit intangibles $ 43,578 $ (31,800) $ 11,778 $ 43,578 $ (27,436) $ 16,142 Software intangible asset 16,932 (2,469) 14,463 — — — Other intangible assets 29,560 (12,672) 16,888 19,200 (8,629) 10,571 $ 90,070 $ (46,941) $ 43,129 $ 62,778 $ (36,065) $ 26,713
Schedule of Changes in Goodwill and Intangible Assets by Operating Segment	The changes in goodwill and intangible assets by operating segment during the year are as follows: (Dollars in thousands) December 31, 2021 Banking Factoring Payments Corporate Total Beginning balance $ 123,882 $ 66,040 $ — $ — $ 189,922 Acquired goodwill — — 73,697 — 73,697 Acquired goodwill - measurement period adjustment — 59 (3,238) — (3,179) Acquired intangibles — — 27,292 — 27,292 Amortization of intangibles (4,576) (2,824) (3,476) — (10,876) Ending balance $ 119,306 $ 63,275 $ 94,275 $ — $ 276,856 (Dollars in thousands) December 31, 2020 Banking Factoring Payments Corporate Total Beginning balance $ 129,272 $ 61,014 $ — $ — $ 190,286 Acquired goodwill — 4,466 — — 4,466 Acquired intangibles — 3,500 — — 3,500 Amortization of intangibles (5,390) (2,940) — — (8,330) Ending balance $ 123,882 $ 66,040 $ — $ — $ 189,922 (Dollars in thousands) December 31, 2019 Banking Factoring Corporate Total Beginning balance $ 135,477 $ 63,940 $ — $ 199,417 Amortization of intangibles (6,205) (2,926) — (9,131) Ending balance $ 129,272 $ 61,014 $ — $ 190,286
Schedule of Future Amortization Schedule for the Company's Intangible Assets	The future amortization schedule for the Company’s intangible assets is as follows: (Dollars in thousands) 2022 $ 11,922 2023 10,482 2024 9,159 2025 5,400 2026 2,480 Thereafter 3,686 $ 43,129

Equity Method Investment (Table

Equity Method Investment (Tables)	12 Months Ended
	Dec. 31, 2021
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments	The following table presents the Company’s investment in WSI, allocated to the purchased common stock and the purchased warrants: (Dollars in thousands) December 31, December 31, Common stock $ 5,142 $ 5,037 Warrants 3,224 3,224 Total investment $ 8,366 $ 8,261

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	12 Months Ended
	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Variable Interest Entities	The Company holds investments in the subordinated notes of the following closed Collateralized loan Obligation ("CLO") funds: (Dollars in thousands) Offering Offering Trinitas CLO IV, LTD (Trinitas IV) June 2, 2016 $ 406,650 Trinitas CLO V, LTD (Trinitas V) September 22, 2016 $ 409,000 Trinitas CLO VI, LTD (Trinitas VI) June 20, 2017 $ 717,100

Derivative Financial Instrume_2

Derivative Financial Instruments (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 table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the Balance Sheet. Derivative Assets As of December 31, 2021 As of As of December 31, 2020 (Dollars in thousands) Notional Balance Fair Value Notional Balance Fair Value Derivatives designated as hedging instruments: Interest rate swaps $ 200,000 Other Assets $ 6,164 $ 200,000 Other Assets $ 816
Schedule of Net Investment Hedges in Accumulated Other Comprehensive Income (Loss)	The table below presents the effect of fair value and cash flow hedge accounting on Accumulated Other Comprehensive Income: Amount of Amount of Location of Amount of Amount of (Dollars in thousands) Year Ended December 31, 2021 Derivatives in cash flow hedging relationships: Interest rate swaps $ 4,066 $ 4,066 Interest Expense $ 93 $ 93 Year Ended December 31, 2020 Derivatives in cash flow hedging relationships: Interest rate swaps $ 623 $ 623 Interest Expense $ 34 $ 34

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Dec. 31, 2021
Deposits [Abstract]
Summary of Deposits	Deposits are summarized as follows: (Dollars in thousands) December 31, 2021 December 31, 2020 Noninterest-bearing demand $ 1,925,370 $ 1,352,785 Interest-bearing demand 830,019 688,680 Individual retirement accounts 83,410 92,584 Money market 520,358 393,325 Savings 504,146 421,488 Certificates of deposit 533,206 790,844 Brokered time deposits 40,125 516,786 Other brokered deposits 210,045 460,108 Total deposits $ 4,646,679 $ 4,716,600
Scheduled Maturities of Time Deposits, Including Certificates of Deposits, Individual Retirement Accounts and Brokered Deposits	At December 31, 2021, scheduled maturities of time deposits, including certificates of deposits, individual retirement accounts and brokered time deposits, are as follows: (Dollars in thousands) December 31, 2021 Within one year $ 563,152 After one but within two years 75,030 After two but within three years 9,627 After three but within four years 4,439 After four but within five years 4,493 Total $ 656,741

Borrowings and Borrowing Capa_2

Borrowings and Borrowing Capacity (Tables)	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Schedule of Customer Repurchase Agreements	Information concerning customer repurchase agreements is summarized as follows: (Dollars in thousands) December 31, December 31, Amount outstanding at end of the year $ 2,103 $ 3,099 Weighted average interest rate at end of the year 0.03 % 0.03 % Average daily balance during the year $ 5,985 $ 6,716 Weighted average interest rate during the year 0.03 % 0.03 % Maximum month-end balance during the year $ 12,405 $ 14,192 Customer repurchase agreements are secured by pledged securities with carrying amounts as follows: (Dollars in thousands) December 31, December 31, Asset-backed securities $ 4,999 $ 4,987 CLO securities 9,971 — $ 14,970 $ 4,987
Schedule of FHLB Advances and Weighted Average Interest Rates by Contractual Maturity	FHLB Advances FHLB advances are collateralized by assets, including a blanket pledge of certain loans. FHLB advances and weighted average interest rates at end of period by contractual maturity are summarized as follows: Fixed Rate Variable Rate (Dollars in thousands) Balance Outstanding Weighted Average Interest Rate Balance Outstanding Weighted Average Interest Rate 2022 $ 150,000 0.13 % $ — — 2027 — — 30,000 0.27 % $ 150,000 0.13 % $ 30,000 0.27 %
Schedule of Information Concerning FHLB Advances	Information concerning FHLB advances is summarized as follows: (Dollars in thousands) December 31, December 31, Amount outstanding at end of the year $ 180,000 $ 105,000 Weighted average interest rate at end of the year 0.15 % 0.17 % Average daily balance during the year $ 37,671 $ 342,264 Weighted average interest rate during the year 0.24 % 0.58 % Maximum month-end balance during the year $ 180,000 $ 850,000
Schedule of FHLB Advances	The Company’s unused borrowing capacity with the FHLB is as follows: (Dollars in thousands) December 31, December 31, Borrowing capacity $ 978,794 $ 1,351,542 Borrowings outstanding 180,000 105,000 Unused borrowing capacity $ 798,794 $ 1,246,542
Schedule of Information Concerning Paycheck Protection Program Borrowings	Information concerning borrowings under the PPPLF is summarized as follows: (Dollars in thousands) December 31, December 31, Amount outstanding at end of period $ 27,144 $ 191,860 Weighted average interest rate at end of period 0.35 % 0.35 % Average amount outstanding during the period 118,880 143,608 Weighted average interest rate during the period 0.35 % 0.35 % Highest month end balance during the period 181,635 223,809
Paycheck Protection Program Maturities	At December 31, 2021, scheduled maturities of PPPLF borrowings are as follows: (Dollars in thousands) December 31, Within one year $ 2,872 After one but within two years — After two but within three years — After three but within four years — After four but within five years 24,272 After five years — Total $ 27,144
Schedule of Subordinated Notes	The following provides a summary of the Company’s subordinated notes: (Dollars in thousands) Face Value Carrying Value Maturity Date Current Interest Rate First Repricing Date Variable Interest Rate at Repricing Date Initial Issuance Costs Subordinated Notes issued November 27, 2019 $ 39,500 $ 38,552 2029 4.875% 11/27/2024 Three Month LIBOR plus 3.330% $ 1,218 Subordinated Notes issued August 26, 2021 70,000 68,405 2031 3.500% 9/01/2026 Three Month SOFR (1) plus 2.860% $ 1,776 $ 109,500 $ 106,957 (1) Secured Overnight Financing Rate
Summary of Junior Subordinated Debentures	The following provides a summary of the Company’s junior subordinated debentures: (Dollars in thousands) Face Value Carrying Value Maturity Date Variable Interest Rate At December 31, 2021 National Bancshares Capital Trust II $ 15,464 $ 13,350 September 2033 LIBOR + 3.00% 3.20% National Bancshares Capital Trust III 17,526 13,188 July 2036 LIBOR + 1.64% 1.76% ColoEast Capital Trust I 5,155 3,683 September 2035 LIBOR + 1.60% 1.82% ColoEast Capital Trust II 6,700 4,784 March 2037 LIBOR + 1.79% 2.01% Valley Bancorp Statutory Trust I 3,093 2,892 September 2032 LIBOR + 3.40% 3.62% Valley Bancorp Statutory Trust II 3,093 2,705 July 2034 LIBOR + 2.75% 2.87% $ 51,031 $ 40,602

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Summary of Income Tax Expense	Income tax expense consisted of the following: Years Ended December 31, (Dollars in thousands) 2021 2020 2019 Income tax expense: Current $ 37,812 $ 22,766 $ 12,971 Deferred (5,832) (2,080) 3,908 Change in valuation allowance for deferred tax asset — — 23 Income tax expense $ 31,980 $ 20,686 $ 16,902
Summary of Effective Income Tax Rate Reconciliation	Effective tax rates differ from federal statutory rates applied to income before income taxes due to the following: Years Ended December 31, (Dollars in thousands) 2021 2020 2019 Tax provision computed at federal statutory rate $ 30,440 $ 17,789 $ 15,844 Effect of: State taxes, net 3,335 2,919 1,704 Stock-based compensation (1,778) (109) (23) Bank-owned life insurance (332) (121) (114) Tax exempt interest (201) (250) (442) Change in valuation allowance for deferred tax asset — — 23 Other 516 458 (90) Income tax expense $ 31,980 $ 20,686 $ 16,902
Significant Components of Deferred Tax Assets and Liabilities	Deferred income taxes reflect the net tax effects of temporary differences between the recorded amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company’s deferred tax assets and liabilities are as follows: (Dollars in thousands) 2021 2020 Deferred tax assets Federal net operating loss carryforwards $ 7,231 $ 4,067 State net operating loss carryforwards 1,458 459 Stock-based compensation 5,742 1,799 Allowance for credit losses 11,341 24,317 Accrued liabilities 4,465 2,675 Lease liability 8,348 4,598 Other 707 446 Total deferred tax assets 39,292 38,361 Deferred tax liabilities Goodwill and intangible assets 9,449 2,452 Fair value adjustment on junior subordinated debentures 2,324 2,449 Premises and equipment 4,786 10,767 Installment gain on sale of subsidiary 626 1,049 Lease right-of-use asset 7,598 4,172 Unrealized gain on securities available for sale 1,023 1,601 Derivative financial instruments 1,475 193 Indemnification asset 1,123 8,575 Acquired loan basis 525 184 Other 62 214 Total deferred tax liabilities 28,991 31,656 Net deferred tax asset before valuation allowance 10,301 6,705 Valuation allowance (278) (278) Net deferred tax asset $ 10,023 $ 6,427

Off-Balance Sheet Loan Commit_2

Off-Balance Sheet Loan Commitments (Tables)	12 Months Ended
	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Summary of Financial Instruments with Off-Balance Sheet Risk	The contractual amounts of financial instruments with off-balance sheet risk were as follows: December 31, 2021 December 31, 2020 (Dollars in thousands) Fixed Rate Variable Rate Total Fixed Rate Variable Rate Total Unused lines of credit $ 26,029 $ 523,483 $ 549,512 $ 43,406 $ 547,430 $ 590,836 Standby letters of credit $ 11,090 $ 5,409 $ 16,499 $ 5,464 $ 8,429 $ 13,893 Commitments to purchase loans $ — $ 108,423 $ 108,423 $ — $ 66,373 $ 66,373 Mortgage warehouse commitments $ — $ 823,060 $ 823,060 $ — $ 417,722 $ 417,722
Securities Borrowed, Allowance for Credit Loss	The following table presents credit loss expense for off balance sheet credit exposures: Twelve Months Ended December 31, (Dollars in thousands) 2021 2020 2019 Credit loss expense (benefit) $ (922) $ 2,448 $ 99

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	12 Months Ended
	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Assets Measured at Fair Value on a Recurring Basis	Assets and liabilities measured at fair value on a recurring basis are summarized in the table below. (Dollars in thousands) Fair Value Measurements Using Total December 31, 2021 Level 1 Level 2 Level 3 Assets measured at fair value on a recurring basis Securities available for sale Mortgage-backed securities, residential $ — $ 37,449 $ — $ 37,449 Asset-backed securities — 6,764 — 6,764 State and municipal — 26,825 — 26,825 CLO Securities — 106,634 — 106,634 Corporate bonds — 2,056 — 2,056 SBA pooled securities — 2,698 — 2,698 $ — $ 182,426 $ — $ 182,426 Equity securities Mutual fund $ 5,504 $ — $ — $ 5,504 Loans held for sale $ — $ 7,330 $ — $ 7,330 Indemnification asset $ — $ — $ 4,786 $ 4,786 Derivative financial instruments (cash flow hedges) Interest rate swap $ — $ 6,164 $ — $ 6,164 (Dollars in thousands) Fair Value Measurements Using Total December 31, 2020 Level 1 Level 2 Level 3 Assets measured at fair value on a recurring basis Securities available for sale U.S. Government agency obligations $ — $ 15,088 $ — $ 15,088 Mortgage-backed securities, residential — 27,684 — 27,684 Asset-backed securities — 7,039 — 7,039 State and municipal — 37,395 — 37,395 CLO Securities — 122,204 — 122,204 Corporate bonds — 11,573 — 11,573 SBA pooled securities — 3,327 — 3,327 $ — $ 224,310 $ — $ 224,310 Equity securities Mutual fund $ 5,826 $ — $ — $ 5,826 Loans held for sale $ — $ 24,546 $ — $ 24,546 Indemnification asset $ — $ — $ 36,225 $ 36,225 Derivative financial instruments (cash flow hedges) Interest rate swap $ — $ 816 $ — $ 816
Business Combination, Indemnification Asset	A reconciliation of the opening balance to the closing balance of the fair value of the indemnification asset is as follows: (Dollars in thousands) 2021 2020 2019 Beginning balance $ 36,225 $ — $ — Indemnification asset recognized in business combination — 30,959 — Change in fair value of indemnification asset recognized in earnings 4,194 5,266 — Indemnification reduction (35,633) — — Ending balance $ 4,786 $ 36,225 $ —
Fair Value of Assets Measured on Non-recurring Basis	Assets measured at fair value on a non-recurring basis are summarized in the table below. There were no liabilities measured at fair value on a non-recurring basis at December 31, 2021 and 2020. (Dollars in thousands) Fair Value Measurements Using Total December 31, 2021 Level 1 Level 2 Level 3 Collateral dependent loans Commercial real estate $ — $ — $ 366 $ 366 1-4 family residential properties — — 61 61 Commercial — — 2,435 2,435 Factored receivables — — 30,224 30,224 Consumer — — 60 60 Other real estate owned (1) : Commercial real estate — — 7 7 Construction, land development, land — — 63 63 $ — $ — $ 33,216 $ 33,216 (Dollars in thousands) Fair Value Measurements Using Total December 31, 2020 Level 1 Level 2 Level 3 Collateral dependent loans Commercial real estate $ — $ — $ 5,107 $ 5,107 Construction, land development, land — — 824 824 1-4 family residential properties — — — — Commercial — — 2,355 2,355 Factored receivables — — 41,065 41,065 Consumer — — 3 3 Other real estate owned (1) : Commercial real estate — — 273 273 1-4 family residential properties — — 114 114 Farmland — — 209 209 $ — $ — $ 49,950 $ 49,950 (1) Represents the fair value of OREO that was adjusted subsequent to its initial classification as OREO.
Estimated Fair Value of Company's Financial Assets and Financial Liabilities	The estimated fair values of the Company’s financial instruments not measured at fair value on a recurring or non-recurring basis were as follows: December 31, 2021 Carrying Fair Value Measurements Using Total (Dollars in thousands) Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 383,178 $ 383,178 $ — $ — $ 383,178 Securities - held to maturity 4,947 — — 5,447 5,447 Loans not previously presented, gross 4,834,426 142,962 — 4,685,058 4,828,020 FHLB and other restricted stock 10,146 N/A N/A N/A N/A Accrued interest receivable 15,319 15,319 — — 15,319 Financial liabilities: Deposits 4,646,679 — 4,646,552 — 4,646,552 Customer repurchase agreements 2,103 — 2,103 — 2,103 Federal Home Loan Bank advances 180,000 — 180,000 — 180,000 Paycheck Protection Program Liquidity Facility 27,144 — 27,144 — 27,144 Subordinated notes 106,957 — 110,045 — 110,045 Junior subordinated debentures 40,602 — 41,286 — 41,286 Accrued interest payable 1,951 1,951 — — 1,951 December 31, 2020 Carrying Fair Value Measurements Using Total (Dollars in thousands) Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 314,393 $ 314,393 $ — $ — $ 314,393 Securities - held to maturity 5,919 — — 5,850 5,850 Loans not previously presented, gross 4,953,399 195,739 — 4,783,143 4,978,882 FHLB and other restricted stock 6,751 N/A N/A N/A N/A Accrued interest receivable 19,435 19,435 — — 19,435 Financial liabilities: Deposits 4,716,600 — 4,719,625 — 4,719,625 Customer repurchase agreements 3,099 — 3,099 — 3,099 Federal Home Loan Bank advances 105,000 — 105,000 — 105,000 Paycheck Protection Program Liquidity Facility 191,860 — 191,860 — 191,860 Subordinated notes 87,509 — 89,413 — 89,413 Junior subordinated debentures 40,072 — 40,379 — 40,379 Accrued interest payable 4,270 4,270 — — 4,270

Related-Party Transactions (Tab

Related-Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2021
Related Party Transactions [Abstract]
Schedule of Loans to Principal Officers, Directors, and their Affiliates	In the ordinary course of business, we have granted loans to executive officers, directors, and their affiliates were as follows: Years Ended December 31, (Dollars in thousands) 2021 2020 Beginning balance $ 3,892 $ 39,651 New loans and advances — 500 Repayments and sales (3,892) (786) Effect of changes in composition of related parties — (35,473) Ending balance $ — $ 3,892

Regulatory Matters (Tables)

Regulatory Matters (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 actual capital amounts and ratios for the Company and TBK Bank are presented in the following table: Actual Minimum for Capital To Be Well (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio As of December 31, 2021 Total capital (to risk weighted assets) Triumph Bancorp, Inc. $769,475 14.1% $436,582 8.0% N/A N/A TBK Bank, SSB $698,286 12.9% $433,046 8.0% $541,307 10.0% Tier 1 capital (to risk weighted assets) Triumph Bancorp, Inc. $628,094 11.5% $327,701 6.0% N/A N/A TBK Bank, SSB $665,336 12.3% $324,554 6.0% $432,739 8.0% Common equity Tier 1 capital (to risk weighted assets) Triumph Bancorp, Inc. $542,492 9.9% $246,587 4.5% N/A N/A TBK Bank, SSB $665,336 12.3% $243,416 4.5% $351,600 6.5% Tier 1 capital (to average assets) Triumph Bancorp, Inc. $628,094 11.1% $226,340 4.0% N/A N/A TBK Bank, SSB $665,336 11.8% $225,538 4.0% $281,922 5.0% As of December 31, 2020 Total capital (to risk weighted assets) Triumph Bancorp, Inc. $715,142 13.0% $440,087 8.0% N/A N/A TBK Bank, SSB $653,359 12.1% $431,973 8.0% $539,966 10.0% Tier 1 capital (to risk weighted assets) Triumph Bancorp, Inc. $581,580 10.6% $329,196 6.0% N/A N/A TBK Bank, SSB $608,737 11.3% $323,223 6.0% $430,964 8.0% Common equity Tier 1 capital (to risk weighted assets) Triumph Bancorp, Inc. $496,508 9.0% $248,254 4.5% N/A N/A TBK Bank, SSB $608,737 11.3% $242,417 4.5% $350,158 6.5% Tier 1 capital (to average assets) Triumph Bancorp, Inc. $581,580 10.8% $215,400 4.0% N/A N/A TBK Bank, SSB $608,737 11.3% $215,482 4.0% $269,353 5.0%

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2021
Equity [Abstract]
Summary of Capital Structure	The following summarizes the Company’s capital structure. Preferred Stock Series C (Dollars in thousands, except per share amounts) December 31, 2021 December 31, 2020 Shares authorized 51,750 51,750 Shares issued 45,000 45,000 Shares outstanding 45,000 45,000 Par value per share $ 0.01 $ 0.01 Liquidation preference per share $ 1,000 $ 1,000 Liquidation preference amount $ 45,000 $ 45,000 Dividend rate 7.125 % 7.125 % Dividend payment dates Quarterly Quarterly Common Stock December 31, (Dollars in thousands, except per share amounts) 2021 2020 Shares authorized 50,000,000 50,000,000 Shares issued 28,261,680 27,951,721 Treasury shares (3,102,801) (3,083,503) Shares outstanding 25,158,879 24,868,218 Par value per share $ 0.01 $ 0.01

Stock Based Compensation (Table

Stock Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2021
Share-based Payment Arrangement [Abstract]
Summary of Changes in Company's Nonvested Restricted Stock Awards	A summary of changes in the Company’s nonvested Restricted Stock Awards (“RSAs”) under the Omnibus Incentive Plan for the year ended December 31, 2021 were as follows: Nonvested RSAs Shares Weighted Average Nonvested at January 1, 2021 205,536 $ 29.17 Granted 241,014 89.06 Vested (78,017) 34.08 Forfeited (5,129) 48.41 Nonvested at December 31, 2021 363,404 $ 67.56
Summary of Changes in Company's Nonvested Restricted Stock Units	A summary of changes in the Company’s nonvested Restricted Stock Units (“RSUs”) under the Omnibus Incentive Plan for the year ended December 31, 2021 were as follows: Nonvested RSUs Shares Weighted Average Nonvested at January 1, 2021 89,713 $ 33.34 Granted 32,757 103.36 Vested — — Forfeited — — Nonvested at December 31, 2021 122,470 $ 52.07
Summary of Changes in Company's Nonvested Performance Stock Units	A summary of changes in the Company’s nonvested Market Based Performance Stock Units (“Market Based PSUs”) under the Omnibus Incentive Plan for the year ended December 31, 2021 were as follows: Nonvested Market Based PSUs Shares Weighted Average Nonvested at January 1, 2021 85,611 $ 35.65 Granted 13,520 98.03 Vested — — Forfeited (4,147) 55.02 Nonvested at December 31, 2021 94,984 $ 43.68 A summary of changes in the Company’s nonvested Performance Based Performance Stock Units (“Performance Based PSUs”) under the Omnibus Incentive Plan for the year ended December 31, 2021 were as follows: Nonvested Performance Based PSUs Shares Weighted Average Nonvested at January 1, 2021 256,625 $ 37.56 Granted 9,000 88.63 Vested — — Forfeited (6,242) 38.02 Nonvested at December 31, 2021 259,383 $ 39.32
Schedule of Fair Value of Market Based Performance Stock Units, Weighted Average Assumptions	The fair value of the Market Based PSUs granted was determined using the following weighted average assumptions: Year Ended December 31, 2021 2020 2019 Grant date May 1, 2021 May 1, 2020 May 1, 2019 Performance period 3.00 years 3.00 years 3.00 years Stock price $ 88.63 $ 26.25 $ 30.82 Triumph stock price volatility 51.71 % 43.02 % 28.29 % Risk-free rate 0.35 % 0.25 % 2.25 %
Summary of Changes in Company's Stock Options	A summary of changes in the Company’s stock options under the Omnibus Incentive Plan for the year ended December 31, 2021 were as follows: Stock Options Shares Weighted Average Weighted Average Aggregate Outstanding at January 1, 2021 227,986 $ 25.16 Granted 16,939 88.63 Exercised (78,170) 22.13 Forfeited — — Expired — — Outstanding at December 31, 2021 166,755 $ 33.34 6.43 $ 14,297 Fully vested shares and shares expected to vest at December 31, 2021 166,755 $ 33.34 6.43 $ 14,297 Shares exercisable at December 31, 2021 103,994 $ 25.64 5.43 $ 9,717
Schedule of Information Related to Stock Options	Information related to the stock options for the years ended December 31, 2021, 2020 and 2019 was as follows: Year Ended December 31, (Dollars in thousands, except per share amounts) 2021 2020 2019 Aggregate intrinsic value of options exercised $ 5,304 $ 940 $ 155 Cash received from option exercises $ 577 $ — $ — Tax benefit realized from option exercises $ 1,114 $ 197 $ 33 Weighted average fair value of options granted (per share) $ 35.37 $ 8.85 $ 10.03 Fair value of vested awards $ 381 $ 471 $ 465
Fair Value of Stock Options Granted Weighted-Average Assumptions	The fair value of the stock options granted was determined using the following weighted average assumptions: 2021 2020 2019 Risk-free interest rate 1.16 % 0.46 % 2.33 % Expected term 6.25 years 6.25 years 6.25 years Expected stock price volatility 39.26 % 33.83 % 27.46 % Dividend yield — — —

Parent Company Only Condensed_2

Parent Company Only Condensed Financial Information (Tables)	12 Months Ended
	Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract]
Condensed Parent Company Only Balance Sheets	Condensed Parent Company Only Balance Sheets: (Dollars in thousands) December 31, December 31, ASSETS Cash and cash equivalents $ 64,530 $ 51,183 Securities - held to maturity 4,947 5,919 Investment in bank subsidiary 938,255 793,938 Investment in non-bank subsidiaries 894 4,592 Other assets 479 866 Total assets $ 1,009,105 $ 856,498 LIABILITIES AND EQUITY Subordinated notes $ 106,957 $ 87,509 Junior subordinated debentures 40,602 40,072 Intercompany payables 128 178 Accrued expenses and other liabilities 2,554 1,958 Total liabilities 150,241 129,717 Stockholders' equity 858,864 726,781 Total liabilities and equity $ 1,009,105 $ 856,498
Condensed Parent Company Only Statements of Income	Condensed Parent Company Only Statements of Income: Years Ended December 31, (Dollars in thousands) 2021 2020 2019 Interest income $ 100 $ 270 $ 1,163 Interest expense (8,220) (7,477) (6,464) Credit loss (expense) benefit (56) (1,899) 83 Other income 53 (20) (187) Salaries and employee benefits expense (618) (606) (613) Other expense (2,379) (2,376) (2,069) Income (loss) before income tax and income from subsidiaries (11,120) (12,108) (8,087) Income tax (expense) benefit 2,202 2,631 193 Dividends from subsidiaries and equity in undistributed subsidiary income 121,892 73,501 66,438 Net income 112,974 64,024 58,544 Dividends on preferred stock (3,206) (1,701) — Net income available to common stockholders $ 109,768 $ 62,323 $ 58,544 Comprehensive income attributable to Parent $ 115,189 $ 68,737 $ 60,853
Condensed Parent Company Only Statements of Cash Flows	Condensed Parent Company Only Statements of Cash Flows: Years Ended December 31, (Dollars in thousands) 2021 2020 2019 Cash flows from operating activities: Net income $ 112,974 $ 64,024 $ 58,544 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Equity in undistributed subsidiary income (121,892) (58,501) (35,938) Net accretion of securities (87) (221) (923) Amortization of junior subordinated debentures 530 506 483 Amortization of subordinated notes issuance costs 1,224 182 116 Stock based compensation 420 315 315 Credit loss expense (benefit) 56 1,900 — Change in other assets 387 337 2,438 Change in accrued expenses and other liabilities 546 505 (4,771) Net cash provided by (used in) operating activities (5,842) 9,047 20,264 Cash flows from investing activities: Investment in subsidiaries 3,383 146 — Proceeds from maturities, calls, and pay downs of securities held to maturity 1,003 693 993 Net change in loans — 719 9,193 Net cash provided by (used in) investing activities 4,386 1,558 10,186 Cash flows from financing activities: Proceeds from issuance of subordinated notes, net 68,224 — 38,282 Repayment of subordinated notes (50,000) — — Issuance of common stock, net of issuance costs — — — Issuance of preferred stock, net of issuance costs — 42,364 — Dividends on preferred stock (3,206) (1,701) — Purchase of treasury stock (1,241) (35,772) (64,524) Stock option exercises 577 (227) — Proceeds from employee stock purchase plan common stock issuance 449 — — Net cash provided by (used in) financing activities 14,803 4,664 (26,242) Net increase (decrease) in cash and cash equivalents 13,347 15,269 4,208 Cash and cash equivalents at beginning of period 51,183 35,914 31,706 Cash and cash equivalents at end of period $ 64,530 $ 51,183 $ 35,914

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2021
Earnings Per Share [Abstract]
Factors Used in Computation of Earnings Per Share	The factors used in the earnings per share computation follow: Year Ended December 31, (Dollars in thousands) 2021 2020 2019 Basic Net income to common stockholders $ 109,768 $ 62,323 $ 58,544 Weighted average common shares outstanding 24,736,713 24,387,932 25,941,395 Basic earnings per common share $ 4.44 $ 2.56 $ 2.26 Diluted Net income to common stockholders $ 109,768 $ 62,323 $ 58,544 Weighted average common shares outstanding 24,736,713 24,387,932 25,941,395 Dilutive effects of: Assumed exercises of stock options 130,198 64,104 63,808 Restricted stock awards 170,276 86,498 47,242 Restricted stock units 76,049 25,978 3,441 Performance stock units - market based 136,199 51,304 4,119 Performance stock units - performance based — — — Employee stock purchase plan 2,617 — — Average shares and dilutive potential common shares 25,252,052 24,615,816 26,060,005 Diluted earnings per common share $ 4.35 $ 2.53 $ 2.25
Schedule of Shares not Considered in Computing Diluted Earnings per Common Share	Shares that were not considered in computing diluted earnings per common share because they were antidilutive or have not met the thresholds to be considered in the dilutive calculation are as follows: Year Ended December 31, 2021 2020 2019 Stock options 16,939 64,947 66,019 Restricted stock awards 8,463 — — Restricted stock units 15,000 — — Performance stock units - market based — — 55,228 Performance stock units - performance based 259,383 256,625 254,000 Employee stock purchase plan — — —

Business Segment Information (T

Business Segment Information (Tables)	12 Months Ended
	Dec. 31, 2021
Segment Reporting [Abstract]
Schedule of Segment Reporting Information	The following presents the Company’s operating segments. The accounting policies of the segments are substantially the same as those described in Note 1 – Summary of Significant Accounting Policies. Transactions between segments consist primarily of borrowed funds. Intersegment interest expense is allocated to the Factoring and Payments segments based on Federal Home Loan Bank advance rates. Credit loss expense is allocated based on the segment’s allowance for credit losses determination. Noninterest income and expense directly attributable to a segment are assigned to it and the majority of salaries and benefits expense for the Company's executive leadership team is allocated to the Banking segment. Taxes are paid on a consolidated basis and are not allocated for segment purposes. The Factoring segment includes only factoring originated by TBC. (Dollars in thousands) Year Ended December 31, 2021 Banking Factoring Payments Corporate Consolidated Total interest income $ 189,621 $ 185,741 $ 12,093 $ 100 $ 387,555 Intersegment interest allocations 10,389 (9,878) (511) — — Total interest expense 10,205 — — 8,220 18,425 Net interest income (expense) 189,805 175,863 11,582 (8,120) 369,130 Credit loss expense (benefit) (19,016) 9,691 438 57 (8,830) Net interest income after credit loss expense 208,821 166,172 11,144 (8,177) 377,960 Noninterest income 33,447 13,005 7,451 598 54,501 Noninterest expense 169,114 74,768 39,769 3,856 287,507 Operating income (loss) $ 73,154 $ 104,409 $ (21,174) $ (11,435) $ 144,954 (Dollars in thousands) Year Ended December 31, 2020 Banking Factoring Payments Corporate Consolidated Total interest income $ 207,978 $ 109,391 $ 4,474 $ 272 $ 322,115 Intersegment interest allocations 12,815 (12,371) (444) — — Total interest expense 29,910 — — 7,477 37,387 Net interest income (expense) 190,883 97,020 4,030 (7,205) 284,728 Credit loss expense (benefit) 20,217 16,042 172 1,898 38,329 Net interest income after credit loss expense 170,666 80,978 3,858 (9,103) 246,399 Gain on sale of subsidiary or division 9,758 — — — 9,758 Other noninterest income 29,379 21,010 125 113 50,627 Noninterest expense 151,115 54,011 12,880 4,068 222,074 Operating income (loss) $ 58,688 $ 47,977 $ (8,897) $ (13,058) $ 84,710 (Dollars in thousands) Year Ended December 31, 2019 Banking Factoring Payments Corporate Consolidated Total interest income $ 210,528 $ 98,247 $ 1,214 $ 1,164 $ 311,153 Intersegment interest allocations 11,510 (11,294) (216) — — Total interest expense 48,786 — — 6,464 55,250 Net interest income (expense) 173,252 86,953 998 (5,300) 255,903 Credit loss expense (benefit) 5,465 2,486 68 (77) 7,942 Net interest income after credit loss expense 167,787 84,467 930 (5,223) 247,961 Noninterest income 26,825 4,727 49 (32) 31,569 Noninterest expense 141,900 51,780 6,720 3,684 204,084 Operating income (loss) $ 52,712 $ 37,414 $ (5,741) $ (8,939) $ 75,446 Total assets and gross loans below include intersegment loans, which eliminate in consolidation. (Dollars in thousands) December 31, 2021 Banking Factoring Payments Corporate Eliminations Consolidated Total assets $ 5,568,826 $ 1,679,495 $ 293,212 $ 1,009,998 $ (2,595,281) $ 5,956,250 Gross loans $ 4,444,136 $ 1,546,361 $ 153,176 $ 700 $ (1,276,801) $ 4,867,572 (Dollars in thousands) December 31, 2020 Banking Factoring Payments Corporate Eliminations Consolidated Total assets $ 5,791,537 $ 1,121,704 $ 115,836 $ 861,967 $ (1,955,253) $ 5,935,791 Gross loans $ 4,788,093 $ 1,036,548 $ 84,222 $ 800 $ (912,887) $ 4,996,776

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Additional Information (Details)	6 Months Ended		12 Months Ended
	Dec. 31, 2021USD ($)derivativeInstumentreportable_segmentloan	Jun. 30, 2021reportable_segment	Dec. 31, 2021USD ($)derivativeInstumentloan	Dec. 31, 2020USD ($)derivativeInstument	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Summary Of Significant Accounting Policies [Line Items]
Outstanding balance of loans in deferral			$ 31,896,000	$ 104,597,000
Accrued interest income and fees on outstanding deferrals			124,000	726,000
Misdirected payments	$ 4,867,572,000		4,867,572,000	4,996,776,000
Accrued interest reversed			$ 0	0	$ 0
Number of days within which accrual of interest income discontinues			90 days
Period after which consumer loans are charged off			120 days
Interest income not recognized until loan balance reduced, amount			$ 0
Net reduction of retained earnings	(858,864,000)		(858,864,000)	(726,781,000)	(636,590,000)	$ (636,607,000)
ACL Allocation	42,213,000		42,213,000	95,739,000
Allowance for credit loss, debt securities, held to maturity	2,082,000		2,082,000	2,026,000	0	0
Deferred tax assets	$ 39,292,000		$ 39,292,000	38,361,000
Equipment loan term			60 months
Change in national retail sales forecast period			1 year
Change in national home price index forecast period			1 year
Change in national gross domestic product forecast period			1 year
Number of reportable segments | reportable_segment	4	3
Cumulative Effect, Period of Adoption, Adjustment
Summary Of Significant Accounting Policies [Line Items]
Net reduction of retained earnings					1,770,000
ACL Allocation					269,000
Allowance for credit loss, debt securities, held to maturity				0	126,000	0
Credit loss, liability					1,918,000
Deferred tax assets					543,000
Retained Earnings
Summary Of Significant Accounting Policies [Line Items]
Net reduction of retained earnings	$ (399,351,000)		$ (399,351,000)	$ (289,583,000)	(229,030,000)	$ (170,486,000)
Retained Earnings | Cumulative Effect, Period of Adoption, Adjustment
Summary Of Significant Accounting Policies [Line Items]
Net reduction of retained earnings					$ 1,770,000
Cash Flow Hedging
Summary Of Significant Accounting Policies [Line Items]
Number of instruments held | derivativeInstument	1		1	1
Fair Value Hedging
Summary Of Significant Accounting Policies [Line Items]
Number of instruments held | derivativeInstument	0		0	0
Automobiles
Summary Of Significant Accounting Policies [Line Items]
Useful life of assets			5 years
Aircraft
Summary Of Significant Accounting Policies [Line Items]
Useful life of assets			20 years
Paycheck Protection Program
Summary Of Significant Accounting Policies [Line Items]
Stated interest rate	1.00%		1.00%
Number of loans funded | loan	118		118
Misdirected payments	$ 27,197,000		$ 27,197,000
Proceeds and fees received			7,263,000	$ 4,570,000
Deferred fees on PPP loans	$ 841,000		$ 841,000
Minimum
Summary Of Significant Accounting Policies [Line Items]
Nonaccrual status term			90 days
Estimated useful lives			4 years
Minimum | Capitalized Software
Summary Of Significant Accounting Policies [Line Items]
Estimated useful lives			3 years
Minimum | Buildings
Summary Of Significant Accounting Policies [Line Items]
Useful life of assets			5 years
Minimum | Furniture, fixtures and equipment
Summary Of Significant Accounting Policies [Line Items]
Useful life of assets			3 years
Minimum | Paycheck Protection Program
Summary Of Significant Accounting Policies [Line Items]
Loan term			2 years
Maximum
Summary Of Significant Accounting Policies [Line Items]
Estimated useful lives			11 years
Maximum | Capitalized Software
Summary Of Significant Accounting Policies [Line Items]
Estimated useful lives			5 years
Maximum | Buildings
Summary Of Significant Accounting Policies [Line Items]
Useful life of assets			40 years
Maximum | Furniture, fixtures and equipment
Summary Of Significant Accounting Policies [Line Items]
Useful life of assets			10 years
Maximum | Paycheck Protection Program
Summary Of Significant Accounting Policies [Line Items]
Loan term			5 years
One Customer | Payment Deferral Benchmark | Customer Concentration Risk
Summary Of Significant Accounting Policies [Line Items]
Percentage of loans			95.00%
Payment Deferrals
Summary Of Significant Accounting Policies [Line Items]
Outstanding balance of loans in deferral			$ 31,896,000
Accrued interest income and fees on outstanding deferrals			$ 124,000

Business Combinations and Div_3

Business Combinations and Divestitures - Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed, HubTran, Inc. (Details) - USD ($) $ in Thousands	Jun. 01, 2021	Dec. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
Consideration:
Goodwill		$ 233,727	$ 233,727	$ 163,209
Goodwill, measurement period adjustments			(3,179)
HubTran, Inc.
Assets acquired:
Cash	$ 170	170	170
Other assets	1,546	1,570	1,570
Other assets, measurement period adjustments		24
Total assets	29,008	29,032	29,032
Total assets, measurement period adjustments		24
Liabilities assumed:
Deferred income taxes	4,703	1,473	1,473
Deferred income taxes, measurement period adjustments		(3,230)
Other liabilities	906	922	922
Other liabilities, measurement period adjustments		16
Total liabilities	5,609	2,395	2,395
Total liabilities, measurement period adjustments		(3,214)
Fair value of net assets acquired	23,399	26,637	26,637
Fair value of net assets acquired, measurement period adjustments		3,238
Consideration:
Cash paid	97,096
Goodwill	73,697	70,459	70,459
Goodwill, measurement period adjustments		(3,238)
HubTran, Inc. | Capitalized Software
Assets acquired:
Intangible assets	16,932	16,932	16,932
HubTran, Inc. | Customer Relationships
Assets acquired:
Intangible assets	$ 10,360	$ 10,360	$ 10,360

Business Combinations and Div_4

Business Combinations and Divestitures - Narrative (Details)	Jun. 01, 2021USD ($)	Jul. 08, 2020USD ($)clientshares	Dec. 31, 2021USD ($)asset	Dec. 31, 2020USD ($)	Sep. 23, 2020USD ($)shares	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Business Acquisition [Line Items]
Goodwill			$ 233,727,000	$ 163,209,000
Misdirected payments			4,867,572,000	4,996,776,000
Unsecured federal funds line of credit			227,500,000
Other income				50,627,000
Indemnification asset			4,786,000	36,225,000
Loans			4,825,359,000	4,901,037,000
Gain (loss) on indemnification asset			4,194,000
Indemnification asset, expected cash payments to be received			5,038,000	39,200,000
Required payments		$ 45,228,000
Fair value of factored receivables purchased		44,962,000
Factored receivables
Business Acquisition [Line Items]
Misdirected payments			1,699,537,000	1,120,770,000
Fair Value, Measurements, Recurring
Business Acquisition [Line Items]
Indemnification asset			4,786,000	36,225,000
Level 3
Business Acquisition [Line Items]
Indemnification asset			4,786,000	36,225,000		$ 0	$ 0
Level 3 | Fair Value, Measurements, Recurring
Business Acquisition [Line Items]
Indemnification asset			4,786,000	36,225,000
Over-Formula Advances | Factored receivables
Business Acquisition [Line Items]
Misdirected payments		62,200,000	$ 10,077,000	62,100,000
Minimum
Business Acquisition [Line Items]
Estimated useful lives			4 years
Maximum
Business Acquisition [Line Items]
Estimated useful lives			11 years
Capitalized Software | Minimum
Business Acquisition [Line Items]
Estimated useful lives			3 years
Capitalized Software | Maximum
Business Acquisition [Line Items]
Estimated useful lives			5 years
HubTran, Inc.
Business Acquisition [Line Items]
Goodwill	$ 73,697,000		$ 70,459,000
Acquisition-related expenses			2,992,000
Cash paid	97,096,000
HubTran, Inc. | Capitalized Software
Business Acquisition [Line Items]
Intangible assets	16,932,000		$ 16,932,000
Estimated useful lives			4 years
HubTran, Inc. | Customer Relationships
Business Acquisition [Line Items]
Intangible assets	$ 10,360,000		$ 10,360,000
Estimated useful lives			11 years
Number of customer relationship intangible assets | asset			2
Transport Financial Solutions
Business Acquisition [Line Items]
Goodwill		$ 4,466,000	$ 4,525,000
Estimated useful lives		8 years
Cash paid		$ 108,375,000
Equity issued (in shares) | shares		630,268
Stock consideration		$ 13,942,000
Number of large clients | client		3
Portion of purchase price returned (in shares) | shares					630,268
Receivable due from seller subsequent to liquidation of stock consideration		$ 17,196,000
Proceeds from sale of acquired stock				28,064,000
Other income				10,868,000
Intangible assets		3,500,000	3,500,000
Indemnification asset		30,959,000	30,959,000
Indemnification asset, charge off			41,265,000
Indemnification asset, allowance for credit loss, loss expense			2,844,000
Expenses related to the acquisition				$ 827,000
Transport Financial Solutions | Covenant Logistics Group, Inc.
Business Acquisition [Line Items]
Loans			35,633,000
Transport Financial Solutions | Indemnification Agreement
Business Acquisition [Line Items]
Percent indemnified, first portion					100.00%
First increment of losses incurred					$ 30,000,000
Percent indemnified, second portion					50.00%
Second increment of losses incurred					$ 30,000,000
Total indemnification amount					45,000,000
Collateral held by third parties					60,000,000
Transport Financial Solutions | Indemnification Agreement | Covenant Logistics Group, Inc.
Business Acquisition [Line Items]
Unsecured federal funds line of credit					45,000,000
Line of credit facility, remaining borrowing capacity			9,361,000
Transport Financial Solutions | Over-Formula Advances
Business Acquisition [Line Items]
Misdirected payments		62,200,000			$ 62,200,000
Transport Financial Solutions | Over-Formula Advances | Factored receivables
Business Acquisition [Line Items]
Misdirected payments			$ 62,200,000
Transport Financial Solutions | Maximum
Business Acquisition [Line Items]
Contingent consideration		$ 9,900,000

Business Combinations and Div_5

Business Combinations and Divestitures - Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed, Transport Financial Solutions (Details) - USD ($) $ in Thousands	Jul. 08, 2020	Dec. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
Consideration:
Goodwill		$ 233,727	$ 233,727	$ 163,209
Goodwill, measurement period adjustments		(3,179)
Transport Financial Solutions
Assets acquired:
Factored receivables	$ 107,524	107,524	107,524
Allowance for credit losses	(37,415)	(37,415)	(37,415)
Factored receivables, net of ACL	70,109	70,109	70,109
Intangible assets	3,500	3,500	3,500
Indemnification asset	30,959	30,959	30,959
Deferred income taxes	1,448	1,389	1,389
Deferred income taxes, measurement period adjustments			(59)
Total assets	106,016	105,957	105,957
Total assets, measurement period adjustments			(59)
Liabilities assumed:
Deposits	5,361	5,361	5,361
Total liabilities	5,361	5,361	5,361
Fair value of net assets acquired	100,655	100,596	100,596
Fair value of net assets acquired, measurement period adjustments			(59)
Consideration:
Cash paid	108,375
Stock consideration	13,942
Receivable due from seller subsequent to liquidation of stock consideration	(17,196)
Total consideration	105,121
Goodwill	$ 4,466	$ 4,525	4,525
Goodwill, measurement period adjustments			$ 59

Business Combinations and Div_6

Business Combinations and Divestitures - Summary of Factored Receivables, Purchased with Credit Deterioration (Details) - Factored receivables - Transport Financial Solutions - Over-Formula Advances $ in Thousands	Jul. 08, 2020USD ($)
Business Acquisition [Line Items]
Purchase price of loans at acquisition	$ 25,147
Allowance for credit losses at acquisition	37,415
Non-credit discount/(premium) at acquisition	941
Par value of acquired loans at acquisition	$ 63,503

Business Combinations and Div_7

Business Combinations and Divestitures - Summary of Assets Held for Sale and Consideration Received and Gain on Sale (Details) - USD ($) $ in Thousands	Apr. 20, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Carrying amount of liabilities in the disposal group:
Gain on sale of division, net of transaction costs		$ 0	$ 9,758	$ 0
Triumph Premium Finance
Carrying amount of assets in the disposal group:
Loans	$ 84,504
Premises and equipment, net	45
Other assets	11
Carrying amount of assets in disposal group	84,560
Carrying amount of liabilities in the disposal group:
Other liabilities	479
Total carrying amount	84,081
Total consideration received	94,531
Gain on sale of division	10,450
Transaction costs	692
Gain on sale of division, net of transaction costs	$ 9,758

Securities - Additional Informa

Securities - Additional Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)investmentsecurityOwned	Dec. 31, 2020USD ($)investment
Debt and Equity Securities, FV-NI [Line Items]
Securities - equity investments	$ 5,504	$ 5,826
Pledged debt securities, at carrying value	$ 72,805	$ 73,056
Number of securities in an unrealized loss position | securityOwned	17
Number of investments | investment	3	3
Debt securities, held-to-maturity, nonaccrual	$ 5,612
Other Assets
Debt and Equity Securities, FV-NI [Line Items]
Accrued interest	$ 802	$ 1,233

Securities - Schedule of Gross

Securities - Schedule of Gross Realized and Unrealized Gains (Losses) Recognized on Equity Securities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Investments, Debt and Equity Securities [Abstract]
Unrealized gains (losses) on equity securities still held at the reporting date	$ (322)	$ 389	$ 393
Realized gains (losses) on equity securities sold during the period	0	0	0
Gross realized and unrealized gains (losses) recognized on equity securities	$ (322)	$ 389	$ 393

Securities - Schedule of Amorti

Securities - Schedule of Amortized Cost of Securities and Their Estimated Fair Values (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Available for sale securities:
Amortized Cost	$ 178,064	$ 217,519
Gross Unrealized Gains	4,573	7,115
Gross Unrealized Losses	(211)	(324)
Allowance for Credit Losses	0	0
Fair Value	182,426	224,310
Held to maturity securities:
Fair Value	5,447	5,850
Allowance for credit losses	(2,082)	(2,026)	$ 0	$ 0
Total held to maturity securities, net of ACL	4,947	5,919
U.S. Government agency obligations
Available for sale securities:
Amortized Cost		14,942
Gross Unrealized Gains		146
Gross Unrealized Losses		0
Allowance for Credit Losses		0
Fair Value		15,088
Mortgage-backed securities, residential
Available for sale securities:
Amortized Cost	36,885	26,547
Gross Unrealized Gains	720	1,139
Gross Unrealized Losses	(156)	(2)
Allowance for Credit Losses	0	0
Fair Value	37,449	27,684
Asset-backed securities
Available for sale securities:
Amortized Cost	6,763	7,091
Gross Unrealized Gains	2	0
Gross Unrealized Losses	(1)	(52)
Allowance for Credit Losses	0	0
Fair Value	6,764	7,039
State and municipal
Available for sale securities:
Amortized Cost	26,309	36,238
Gross Unrealized Gains	516	1,157
Gross Unrealized Losses	0	0
Allowance for Credit Losses	0	0
Fair Value	26,825	37,395
CLO Securities
Available for sale securities:
Amortized Cost	103,579	118,128
Gross Unrealized Gains	3,109	4,335
Gross Unrealized Losses	(54)	(259)
Allowance for Credit Losses	0	0
Fair Value	106,634	122,204
Held to maturity securities:
CLO securities, amortized cost	7,029	7,945
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(1,582)	(2,095)
Fair Value	5,447	5,850
Allowance for credit losses	(2,082)	(2,026)
Total held to maturity securities, net of ACL	4,947
Corporate bonds
Available for sale securities:
Amortized Cost	1,992	11,373
Gross Unrealized Gains	64	205
Gross Unrealized Losses	0	(5)
Allowance for Credit Losses	0	0
Fair Value	2,056	11,573
SBA pooled securities
Available for sale securities:
Amortized Cost	2,536	3,200
Gross Unrealized Gains	162	133
Gross Unrealized Losses	0	(6)
Allowance for Credit Losses	0	0
Fair Value	$ 2,698	$ 3,327

Securities - Schedule of Amor_2

Securities - Schedule of Amortized Cost and Estimated Fair Value of Debt Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Available for Sale Securities, Amortized Cost
Due in one year or less, amortized cost	$ 8,907
Due from one year to five years, amortized cost	2,860
Due from five years to ten years, amortized cost	62,607
Due after ten years, amortized cost	57,506
Available for sale securities, with single maturity date, amortized cost	131,880
Amortized Cost	178,064	$ 217,519
Available for Sale Securities, Fair Value
Due in one year or less, fair value	8,931
Due from one year to five years, fair value	2,907
Due from five years to ten years, fair value	64,885
Due after ten years, fair value	58,792
Available for sale securities, with single maturity date, fair value	135,515
Available for Sale Securities, Fair Value	182,426	224,310
Held to Maturity Securities, Amortized Cost
Due in one year or less, amortized cost	0
Due from one year to five years, amortized cost	0
Due from five years to ten years, amortized cost	7,029
Due after ten years, amortized cost	0
Held to maturity securities, with single maturity date, amortized cost	7,029
Amortized Cost	7,029
Held to Maturity Securities, Fair Value
Due in one year or less, fair value	0
Due from one year to five years, fair value	0
Due from five years to ten years, fair value	5,447
Due after ten years, fair value	0
Held to maturity securities, with single maturity date, fair value	5,447
Held to Maturity Securities, Fair Value	5,447	5,850
Mortgage-backed securities, residential
Available for Sale Securities, Amortized Cost
Available for sale securities, without single maturity date, amortized cost	36,885
Amortized Cost	36,885	26,547
Available for Sale Securities, Fair Value
Securities- held to maturity, net of allowance for credit losses, fair value	37,449
Available for Sale Securities, Fair Value	37,449	27,684
Held to Maturity Securities, Amortized Cost
Held to maturity securities, without single maturity date, amortized cost	0
Held to Maturity Securities, Fair Value
Held to maturity securities, without single maturity date, fair value	0
Asset-backed securities
Available for Sale Securities, Amortized Cost
Available for sale securities, without single maturity date, amortized cost	6,763
Amortized Cost	6,763	7,091
Available for Sale Securities, Fair Value
Securities- held to maturity, net of allowance for credit losses, fair value	6,764
Available for Sale Securities, Fair Value	6,764	7,039
Held to Maturity Securities, Amortized Cost
Held to maturity securities, without single maturity date, amortized cost	0
Held to Maturity Securities, Fair Value
Held to maturity securities, without single maturity date, fair value	0
SBA pooled securities
Available for Sale Securities, Amortized Cost
Available for sale securities, without single maturity date, amortized cost	2,536
Amortized Cost	2,536	3,200
Available for Sale Securities, Fair Value
Securities- held to maturity, net of allowance for credit losses, fair value	2,698
Available for Sale Securities, Fair Value	2,698	$ 3,327
Held to Maturity Securities, Amortized Cost
Held to maturity securities, without single maturity date, amortized cost	0
Held to Maturity Securities, Fair Value
Held to maturity securities, without single maturity date, fair value	$ 0

Securities - Schedule of Procee

Securities - Schedule of Proceeds from Sales of Debt Securities and the Associated Gross Gains and Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Investments, Debt and Equity Securities [Abstract]
Proceeds	$ 0	$ 70,198	$ 40,617
Gross gains	0	3,233	133
Gross losses	0	(140)	(125)
Net gains and losses from calls of securities	$ 5	$ 133	$ 53

Securities - Schedule of Inform

Securities - Schedule of Information Pertaining to Debt Securities with Gross Unrealized Losses (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, fair value	$ 43,160	$ 13,699
Less than 12 months, unrealized losses	(209)	(105)
12 months or more, fair value	5,005	37,090
12 months or more, unrealized losses	(2)	(219)
Total, fair value	48,165	50,789
Total, unrealized losses	(211)	(324)
U.S. Government agency obligations
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, fair value		0
Less than 12 months, unrealized losses		0
12 months or more, fair value		0
12 months or more, unrealized losses		0
Total, fair value		0
Total, unrealized losses		0
Mortgage-backed securities, residential
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, fair value	20,386	100
Less than 12 months, unrealized losses	(155)	(1)
12 months or more, fair value	6	215
12 months or more, unrealized losses	(1)	(1)
Total, fair value	20,392	315
Total, unrealized losses	(156)	(2)
Asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, fair value	37	129
Less than 12 months, unrealized losses	0	0
12 months or more, fair value	4,999	6,911
12 months or more, unrealized losses	(1)	(52)
Total, fair value	5,036	7,040
Total, unrealized losses	(1)	(52)
State and municipal
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, fair value	30	0
Less than 12 months, unrealized losses	0	0
12 months or more, fair value	0	0
12 months or more, unrealized losses	0	0
Total, fair value	30	0
Total, unrealized losses	0	0
CLO Securities
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, fair value	22,707	12,083
Less than 12 months, unrealized losses	(54)	(93)
12 months or more, fair value	0	29,785
12 months or more, unrealized losses	0	(166)
Total, fair value	22,707	41,868
Total, unrealized losses	(54)	(259)
Corporate bonds
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, fair value	0	498
Less than 12 months, unrealized losses	0	(5)
12 months or more, fair value	0	150
12 months or more, unrealized losses	0	0
Total, fair value	0	648
Total, unrealized losses	0	(5)
SBA pooled securities
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, fair value	0	889
Less than 12 months, unrealized losses	0	(6)
12 months or more, fair value	0	29
12 months or more, unrealized losses	0	0
Total, fair value	0	918
Total, unrealized losses	$ 0	$ (6)

Securities - Summary of Activit

Securities - Summary of Activity in Allowance for Credit Losses for Held To Maturity Debt Securities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 2,026	$ 0	$ 0
Credit loss expense (benefit)	56	1,900	0
Allowance for credit losses ending balance	2,082	2,026	0
Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 0	126	0
Allowance for credit losses ending balance		$ 0	$ 126

Loans and Allowance for Credi_3

Loans and Allowance for Credit Losses - Schedule of Loans Held for Sale (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for sale	$ 7,330	$ 24,546
1-4 family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for sale	712	6,319
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for sale	$ 6,618	$ 18,227

Loans and Allowance for Credi_4

Loans and Allowance for Credit Losses - Schedule of Amortized Cost and Unpaid Principal (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	$ 4,867,572	$ 4,996,776
Unpaid Principal	4,884,644	5,020,174
Difference	(17,072)	(23,398)
Allowance for credit losses	(42,213)	(95,739)
Loans, net	4,825,359	4,901,037
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	632,775	779,158
Unpaid Principal	634,319	782,614
Difference	(1,544)	(3,456)
Construction, land development, land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	123,464	219,647
Unpaid Principal	123,643	220,021
Difference	(179)	(374)
1-4 family residential properties
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	123,115	157,147
Unpaid Principal	123,443	157,731
Difference	(328)	(584)
Farmland
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	77,394	103,685
Unpaid Principal	77,905	104,522
Difference	(511)	(837)
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	1,430,429	1,562,957
Unpaid Principal	1,440,542	1,579,841
Difference	(10,113)	(16,884)
Factored receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	1,699,537	1,120,770
Unpaid Principal	1,703,936	1,122,008
Difference	(4,399)	(1,238)
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	10,885	15,838
Unpaid Principal	10,883	15,863
Difference	2	(25)
Mortgage warehouse
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	769,973	1,037,574
Unpaid Principal	769,973	1,037,574
Difference	$ 0	$ 0

Loans and Allowance for Credi_5

Loans and Allowance for Credit Losses - Additional Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)loanReceivable	Dec. 31, 2020USD ($)loanReceivable	Dec. 31, 2019USD ($)loanReceivable	Jul. 08, 2020USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Premiums and discounts on acquired loans	$ 11,723	$ 18,511
Net deferred origination and factoring fees	5,349	4,887
Accrued interest on loans	$ 14,513	$ 18,198
Majority of factored receivables percentage of loan portfolio	91.00%	90.00%
Percentage of total loan portfolio on factored receivables	32.00%	20.00%
Misdirected payments	$ 4,867,572	$ 4,996,776
Pledged loans	1,733,917	2,255,441
Loans transferred to loans held for sale	83,975	185,823	$ 46,163
Proceeds from sale of loans	87,813	165,877	47,832
Net gain (loss) on loans transferred to held for sale	1,247	(770)	1,669
ACL Allocation	42,213	95,739
Credit loss expense (benefit)	(8,830)	38,329	$ 7,942
Decrease in allowances for credit losses attributable to net charge-offs	4,298
Nonaccrual	15,034	34,073
Factored receivables greater than 90 days past due	39,268	72,774
Recorded investments in troubled debt restructurings	$ 4,677	$ 13,324
Number of defaults on modified loans | loanReceivable	3	1	3
Recorded investments in troubled debt restructurings	$ 1,681	$ 5,741	$ 680
Troubled Debt Restructuring
Accounts, Notes, Loans and Financing Receivable [Line Items]
ACL Allocation	1,068	2,469
Nonaccrual	3,912	13,321
Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Misdirected payments	46,433	87,766
Changes In Allowance For Credit Losses
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowances for credit losses attributable to change in loss drivers	10,408
Factored receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Customer reserves	254,970	145,892
Misdirected payments	1,699,537	1,120,770
Nonaccrual	0	0
Factored receivables greater than 90 days past due	39,134	72,717
Factored receivables | Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Misdirected payments	39,134	72,717
Factored receivables | Over-Formula Advances
Accounts, Notes, Loans and Financing Receivable [Line Items]
Misdirected payments	10,077	62,100		$ 62,200
ACL Allocation	10,077	48,485
Financing receivable, allowance for credit loss, writeoff	41,265
Credit loss expense (benefit)	2,857
Factored receivables | Over-Formula Advances | Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual	10,077	62,100
Factored receivables | Misdirected Payments Receivable | United States Postal Service
Accounts, Notes, Loans and Financing Receivable [Line Items]
Misdirected payments	19,361	19,600
Factored receivables greater than 90 days past due		6,000
1-4 family residential properties
Accounts, Notes, Loans and Financing Receivable [Line Items]
Misdirected payments	123,115	157,147
Nonaccrual	1,683	1,848
Factored receivables greater than 90 days past due	134	0
1-4 family residential properties | Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Misdirected payments	1,114	952
1-4 family residential properties | Real Eatate Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Residential real estate loans in process of foreclosure	$ 301	$ 251
Texas, Colorado, Illinois, And Iowa | Accounts Receivable | Geographic Concentration Risk
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of customers located within states	57.00%	57.00%
Texas | Accounts Receivable | Geographic Concentration Risk
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of customers located within states	21.00%	22.00%
Colorado | Accounts Receivable | Geographic Concentration Risk
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of customers located within states	15.00%	17.00%
Illinois | Accounts Receivable | Geographic Concentration Risk
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of customers located within states	15.00%	12.00%
Iowa | Accounts Receivable | Geographic Concentration Risk
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of customers located within states	6.00%	6.00%

Loans and Allowance for Credi_6

Loans and Allowance for Credit Losses - Summary of Allowance for Loan and Lease Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	$ 95,739
Credit loss expense (benefit)	(8,830)	$ 38,329	$ 7,942
Ending Balance	42,213	95,739
Loans Held for Investment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	95,739	29,092	27,571
Credit loss expense (benefit)	(7,964)	33,981	7,942
Charge-offs	(46,946)	(6,488)	(7,484)
Recoveries	1,384	1,919	1,063
Initial ACL on Loans Purchased with Credit Deterioration		37,415
Reclassification To Held For Sale		(449)
Ending Balance	42,213	95,739	29,092
Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance		269
Ending Balance			269
Cumulative Effect, Period of Adoption, Adjustment | Loans Held for Investment | ASU 2016-13
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Impact of Adopting ASC 326		269
Commercial real estate | Loans Held for Investment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	10,182	5,353	4,493
Credit loss expense (benefit)	(6,214)	3,607	1,163
Charge-offs	(17)	(320)	(304)
Recoveries	10	170	1
Initial ACL on Loans Purchased with Credit Deterioration		0
Reclassification To Held For Sale		0
Ending Balance	3,961	10,182	5,353
Commercial real estate | Cumulative Effect, Period of Adoption, Adjustment | Loans Held for Investment | ASU 2016-13
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Impact of Adopting ASC 326		1,372
Construction, land development, land | Loans Held for Investment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	3,418	1,382	1,134
Credit loss expense (benefit)	(2,584)	2,005	234
Charge-offs	(12)	(23)	(78)
Recoveries	5	241	92
Initial ACL on Loans Purchased with Credit Deterioration		0
Reclassification To Held For Sale		0
Ending Balance	827	3,418	1,382
Construction, land development, land | Cumulative Effect, Period of Adoption, Adjustment | Loans Held for Investment | ASU 2016-13
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Impact of Adopting ASC 326		(187)
1-4 family residential properties | Loans Held for Investment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	1,225	308	317
Credit loss expense (benefit)	(849)	378	71
Charge-offs	(34)	(27)	(141)
Recoveries	126	53	61
Initial ACL on Loans Purchased with Credit Deterioration		0
Reclassification To Held For Sale		0
Ending Balance	468	1,225	308
1-4 family residential properties | Cumulative Effect, Period of Adoption, Adjustment | Loans Held for Investment | ASU 2016-13
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Impact of Adopting ASC 326		513
Farmland | Loans Held for Investment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	832	670	535
Credit loss expense (benefit)	(270)	(355)	400
Charge-offs	0	0	(265)
Recoveries	0	80	0
Initial ACL on Loans Purchased with Credit Deterioration		0
Reclassification To Held For Sale		0
Ending Balance	562	832	670
Farmland | Cumulative Effect, Period of Adoption, Adjustment | Loans Held for Investment | ASU 2016-13
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Impact of Adopting ASC 326		437
Commercial | Loans Held for Investment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	22,040	12,566	12,865
Credit loss expense (benefit)	(7,725)	11,336	2,580
Charge-offs	(481)	(2,344)	(3,326)
Recoveries	651	1,115	447
Initial ACL on Loans Purchased with Credit Deterioration		0
Reclassification To Held For Sale		(449)
Ending Balance	14,485	22,040	12,566
Commercial | Cumulative Effect, Period of Adoption, Adjustment | Loans Held for Investment | ASU 2016-13
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Impact of Adopting ASC 326		(184)
Factored receivables | Loans Held for Investment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	56,463	7,657	7,299
Credit loss expense (benefit)	10,038	16,079	2,556
Charge-offs	(46,043)	(3,201)	(2,494)
Recoveries	457	143	296
Initial ACL on Loans Purchased with Credit Deterioration		37,415
Reclassification To Held For Sale		0
Ending Balance	20,915	56,463	7,657
Factored receivables | Cumulative Effect, Period of Adoption, Adjustment | Loans Held for Investment | ASU 2016-13
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Impact of Adopting ASC 326		(1,630)
Consumer | Loans Held for Investment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	542	488	615
Credit loss expense (benefit)	(92)	562	583
Charge-offs	(359)	(573)	(876)
Recoveries	135	117	166
Initial ACL on Loans Purchased with Credit Deterioration		0
Reclassification To Held For Sale		0
Ending Balance	226	542	488
Consumer | Cumulative Effect, Period of Adoption, Adjustment | Loans Held for Investment | ASU 2016-13
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Impact of Adopting ASC 326		(52)
Mortgage warehouse | Loans Held for Investment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	1,037	668	313
Credit loss expense (benefit)	(268)	369	355
Charge-offs	0	0	0
Recoveries	0	0	0
Initial ACL on Loans Purchased with Credit Deterioration		0
Reclassification To Held For Sale		0
Ending Balance	$ 769	1,037	$ 668
Mortgage warehouse | Cumulative Effect, Period of Adoption, Adjustment | Loans Held for Investment | ASU 2016-13
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Impact of Adopting ASC 326		$ 0

Loans and Allowance for Credi_7

Loans and Allowance for Credit Losses - Individual and Collective Allowance for Credit Losses on Financing Receivables and Loan Balances (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable, Allowance for Credit Loss [Line Items]
ACL Allocation	$ 42,213	$ 95,739
Collateral dependent loans
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable collateral dependent amortized cost	59,001	129,356
ACL Allocation	14,716	58,210
Commercial real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable collateral dependent amortized cost	2,298	12,616
ACL Allocation	283	1,334
Construction, land development, land
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable collateral dependent amortized cost	987	2,317
ACL Allocation	0	271
1-4 family residential
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable collateral dependent amortized cost	1,699	2,196
ACL Allocation	39	34
Farmland
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable collateral dependent amortized cost	2,045	2,530
ACL Allocation	0	0
Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable collateral dependent amortized cost	8,869	17,007
ACL Allocation	1,733	5,163
Factored receivables
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable collateral dependent amortized cost	42,863	92,437
ACL Allocation	12,640	51,371
Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable collateral dependent amortized cost	240	253
ACL Allocation	21	37
Mortgage warehouse
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable collateral dependent amortized cost	0	0
ACL Allocation	0	0
Real Estate | Collateral dependent loans
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable collateral dependent amortized cost	6,770	20,721
Real Estate | Commercial real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable collateral dependent amortized cost	2,143	12,454
Real Estate | Construction, land development, land
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable collateral dependent amortized cost	987	2,317
Real Estate | 1-4 family residential
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable collateral dependent amortized cost	1,583	1,948
Real Estate | Farmland
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable collateral dependent amortized cost	1,803	2,189
Real Estate | Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable collateral dependent amortized cost	254	1,813
Real Estate | Factored receivables
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable collateral dependent amortized cost	0	0
Real Estate | Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable collateral dependent amortized cost	0	0
Real Estate | Mortgage warehouse
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable collateral dependent amortized cost	0	0
Accounts Receivable | Collateral dependent loans
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable collateral dependent amortized cost	42,863	92,437
Accounts Receivable | Commercial real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable collateral dependent amortized cost	0	0
Accounts Receivable | Construction, land development, land
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable collateral dependent amortized cost	0	0
Accounts Receivable | 1-4 family residential
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable collateral dependent amortized cost	0	0
Accounts Receivable | Farmland
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable collateral dependent amortized cost	0	0
Accounts Receivable | Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable collateral dependent amortized cost	0	0
Accounts Receivable | Factored receivables
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable collateral dependent amortized cost	42,863	92,437
Accounts Receivable | Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable collateral dependent amortized cost	0	0
Accounts Receivable | Mortgage warehouse
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable collateral dependent amortized cost	0	0
Equipment | Collateral dependent loans
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable collateral dependent amortized cost	5,724	5,985
Equipment | Commercial real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable collateral dependent amortized cost	0	0
Equipment | Construction, land development, land
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable collateral dependent amortized cost	0	0
Equipment | 1-4 family residential
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable collateral dependent amortized cost	0	0
Equipment | Farmland
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable collateral dependent amortized cost	126	143
Equipment | Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable collateral dependent amortized cost	5,598	5,842
Equipment | Factored receivables
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable collateral dependent amortized cost	0	0
Equipment | Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable collateral dependent amortized cost	0	0
Equipment | Mortgage warehouse
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable collateral dependent amortized cost	0	0
Other | Collateral dependent loans
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable collateral dependent amortized cost	3,644	10,213
Other | Commercial real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable collateral dependent amortized cost	155	162
Other | Construction, land development, land
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable collateral dependent amortized cost	0	0
Other | 1-4 family residential
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable collateral dependent amortized cost	116	248
Other | Farmland
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable collateral dependent amortized cost	116	198
Other | Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable collateral dependent amortized cost	3,017	9,352
Other | Factored receivables
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable collateral dependent amortized cost	0	0
Other | Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable collateral dependent amortized cost	240	253
Other | Mortgage warehouse
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable collateral dependent amortized cost	$ 0	$ 0

Loans and Allowance for Credi_8

Loans and Allowance for Credit Losses - Summary of Contractually Past Due and Nonaccrual Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	$ 4,867,572	$ 4,996,776
Factored receivables greater than 90 days past due	39,268	72,774
Total Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	139,134	160,677
Past Due 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	73,519	39,928
Past Due 60-90 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	19,182	32,983
Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	46,433	87,766
Current
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	4,728,438	4,836,099
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	632,775	779,158
Factored receivables greater than 90 days past due	0	0
Commercial real estate | Total Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	1,037	9,282
Commercial real estate | Past Due 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	1,021	1,512
Commercial real estate | Past Due 60-90 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	0	147
Commercial real estate | Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	16	7,623
Commercial real estate | Current
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	631,738	769,876
Construction, land development, land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	123,464	219,647
Factored receivables greater than 90 days past due	0	22
Construction, land development, land | Total Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	175	1,509
Construction, land development, land | Past Due 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	30	185
Construction, land development, land | Past Due 60-90 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	0	1,001
Construction, land development, land | Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	145	323
Construction, land development, land | Current
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	123,289	218,138
1-4 family residential properties
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	123,115	157,147
Factored receivables greater than 90 days past due	134	0
1-4 family residential properties | Total Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	2,176	3,378
1-4 family residential properties | Past Due 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	730	1,978
1-4 family residential properties | Past Due 60-90 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	332	448
1-4 family residential properties | Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	1,114	952
1-4 family residential properties | Current
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	120,939	153,769
Farmland
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	77,394	103,685
Factored receivables greater than 90 days past due	0	0
Farmland | Total Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	1,509	1,707
Farmland | Past Due 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	378	407
Farmland | Past Due 60-90 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	154	1,000
Farmland | Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	977	300
Farmland | Current
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	75,885	101,978
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	1,430,429	1,562,957
Factored receivables greater than 90 days past due	0	35
Commercial | Total Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	6,290	9,619
Commercial | Past Due 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	996	2,084
Commercial | Past Due 60-90 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	346	1,765
Commercial | Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	4,948	5,770
Commercial | Current
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	1,424,139	1,553,338
Factored receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	1,699,537	1,120,770
Factored receivables greater than 90 days past due	39,134	72,717
Factored receivables | Total Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	127,545	134,600
Factored receivables | Past Due 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	70,109	33,377
Factored receivables | Past Due 60-90 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	18,302	28,506
Factored receivables | Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	39,134	72,717
Factored receivables | Current
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	1,571,992	986,170
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	10,885	15,838
Factored receivables greater than 90 days past due	0	0
Consumer | Total Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	402	582
Consumer | Past Due 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	255	385
Consumer | Past Due 60-90 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	48	116
Consumer | Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	99	81
Consumer | Current
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	10,483	15,256
Mortgage warehouse
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	769,973	1,037,574
Factored receivables greater than 90 days past due	0	0
Mortgage warehouse | Total Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	0	0
Mortgage warehouse | Past Due 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	0	0
Mortgage warehouse | Past Due 60-90 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	0	0
Mortgage warehouse | Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	0	0
Mortgage warehouse | Current
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	$ 769,973	$ 1,037,574

Loans and Allowance for Credi_9

Loans and Allowance for Credit Losses - Summary of Amortized Cost Basis of Loans on Nonaccrual Status (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable, Allowance for Credit Loss [Line Items]
Nonaccrual	$ 15,034	$ 34,073
Nonaccrual With No ACL	10,034	13,921
Commercial real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Nonaccrual	2,025	9,945
Nonaccrual With No ACL	1,375	3,461
Construction, land development, land
Financing Receivable, Allowance for Credit Loss [Line Items]
Nonaccrual	964	2,294
Nonaccrual With No ACL	964	1,199
1-4 family residential
Financing Receivable, Allowance for Credit Loss [Line Items]
Nonaccrual	1,683	1,848
Nonaccrual With No ACL	1,582	1,651
Farmland
Financing Receivable, Allowance for Credit Loss [Line Items]
Nonaccrual	2,044	2,531
Nonaccrual With No ACL	2,044	2,531
Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Nonaccrual	8,078	17,202
Nonaccrual With No ACL	3,910	4,891
Factored receivables
Financing Receivable, Allowance for Credit Loss [Line Items]
Nonaccrual	0	0
Nonaccrual With No ACL	0	0
Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Nonaccrual	240	253
Nonaccrual With No ACL	159	188
Mortgage warehouse
Financing Receivable, Allowance for Credit Loss [Line Items]
Nonaccrual	0	0
Nonaccrual With No ACL	$ 0	$ 0

Loans and Allowance for Cred_10

Loans and Allowance for Credit Losses - Schedule of Accrued Interest on Non Accrual Loans Reversed Through Interest Income (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest reversed through interest income	$ 56	$ 598	$ 176
Commercial real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest reversed through interest income	8	438	58
Construction, land development, land
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest reversed through interest income	0	1	44
1-4 family residential
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest reversed through interest income	3	32	12
Farmland
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest reversed through interest income	6	39	27
Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest reversed through interest income	36	86	32
Factored receivables
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest reversed through interest income	0	0	0
Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest reversed through interest income	3	2	3
Mortgage warehouse
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest reversed through interest income	$ 0	$ 0	$ 0

Loans and Allowance for Cred_11

Loans and Allowance for Credit Losses - Schedule of Nonperforming Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	$ 15,034	$ 34,073
Factored receivables greater than 90 days past due	39,268	72,774
Troubled Debt Restructuring
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	3,912	13,321
Factored receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	0	0
Factored receivables greater than 90 days past due	39,134	72,717
Nonperforming Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	15,034	34,073
Other nonperforming factored receivables	1,428	10,029
Troubled debt restructurings accruing interest	765	3
Total loans	46,284	58,032
Nonperforming Loans | Factored receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Factored receivables greater than 90 days past due	$ 29,057	$ 13,927

Loans and Allowance for Cred_12

Loans and Allowance for Credit Losses - Summary of Risk Category Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	$ 3,242,129	$ 3,099,340
One year before current year	678,397	297,651
Two years before current year	155,798	223,296
Three years before current year	84,594	176,207
Four years before current year	85,116	125,446
Five years before current year	91,906	564,204
Revolving Loans	529,024	492,022
Revolving Loans Converted To Term Loans	608	18,610
Total	4,867,572	4,996,776
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	213,967	281,704
One year before current year	253,010	96,324
Two years before current year	50,264	62,208
Three years before current year	25,930	50,482
Four years before current year	47,463	28,585
Five years before current year	37,290	231,281
Revolving Loans	4,851	27,666
Revolving Loans Converted To Term Loans	0	908
Total	632,775	779,158
Construction, land development, land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	58,914	74,180
One year before current year	33,764	12,524
Two years before current year	4,744	11,829
Three years before current year	23,696	5,820
Four years before current year	1,199	8,946
Five years before current year	1,139	105,836
Revolving Loans	8	12
Revolving Loans Converted To Term Loans	0	500
Total	123,464	219,647
1-4 family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	27,113	59,773
One year before current year	15,428	11,429
Two years before current year	9,538	11,562
Three years before current year	6,532	9,005
Four years before current year	8,655	4,411
Five years before current year	23,240	20,216
Revolving Loans	32,291	35,431
Revolving Loans Converted To Term Loans	318	5,320
Total	123,115	157,147
Farmland
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	14,586	38,206
One year before current year	14,008	10,502
Two years before current year	8,485	7,791
Three years before current year	8,373	15,262
Four years before current year	10,168	7,930
Five years before current year	20,090	21,162
Revolving Loans	1,443	2,346
Revolving Loans Converted To Term Loans	241	486
Total	77,394	103,685
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	475,571	478,605
One year before current year	339,604	164,593
Two years before current year	82,098	128,552
Three years before current year	19,498	94,344
Four years before current year	15,088	74,875
Five years before current year	8,160	184,099
Revolving Loans	490,361	426,493
Revolving Loans Converted To Term Loans	49	11,396
Total	1,430,429	1,562,957
Factored receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	1,678,748	1,120,770
One year before current year	20,789	0
Two years before current year	0	0
Three years before current year	0	0
Four years before current year	0	0
Five years before current year	0	0
Revolving Loans	0	0
Revolving Loans Converted To Term Loans	0	0
Total	1,699,537	1,120,770
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	3,257	8,528
One year before current year	1,794	2,279
Two years before current year	669	1,354
Three years before current year	565	1,294
Four years before current year	2,543	699
Five years before current year	1,987	1,610
Revolving Loans	70	74
Revolving Loans Converted To Term Loans	0	0
Total	10,885	15,838
Mortgage warehouse
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	769,973	1,037,574
One year before current year	0	0
Two years before current year	0	0
Three years before current year	0	0
Four years before current year	0	0
Five years before current year	0	0
Revolving Loans	0	0
Revolving Loans Converted To Term Loans	0	0
Total	769,973	1,037,574
Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	3,216,480	3,036,816
One year before current year	646,539	292,404
Two years before current year	150,023	221,622
Three years before current year	83,685	174,591
Four years before current year	84,733	120,268
Five years before current year	89,813	559,960
Revolving Loans	528,359	480,696
Revolving Loans Converted To Term Loans	608	18,610
Total	4,800,240	4,904,967
Pass | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	211,088	271,406
One year before current year	249,652	94,085
Two years before current year	50,223	62,075
Three years before current year	25,930	49,115
Four years before current year	47,447	27,921
Five years before current year	37,290	230,731
Revolving Loans	4,595	27,666
Revolving Loans Converted To Term Loans	0	908
Total	626,225	763,907
Pass | Construction, land development, land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	56,764	72,149
One year before current year	33,756	12,490
Two years before current year	4,744	11,829
Three years before current year	23,696	5,820
Four years before current year	1,199	8,946
Five years before current year	994	105,584
Revolving Loans	8	12
Revolving Loans Converted To Term Loans	0	500
Total	121,161	217,330
Pass | 1-4 family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	26,840	58,300
One year before current year	15,195	11,280
Two years before current year	9,485	11,425
Three years before current year	6,526	8,982
Four years before current year	8,591	4,400
Five years before current year	22,151	20,167
Revolving Loans	32,210	35,326
Revolving Loans Converted To Term Loans	318	5,320
Total	121,316	155,200
Pass | Farmland
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	14,387	37,212
One year before current year	13,396	10,095
Two years before current year	7,892	7,388
Three years before current year	8,040	15,262
Four years before current year	10,040	7,908
Five years before current year	19,792	20,572
Revolving Loans	1,317	1,421
Revolving Loans Converted To Term Loans	241	486
Total	75,105	100,344
Pass | Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	466,254	470,477
One year before current year	332,746	162,203
Two years before current year	77,010	127,569
Three years before current year	18,940	94,154
Four years before current year	15,032	70,405
Five years before current year	7,704	181,312
Revolving Loans	490,159	416,197
Revolving Loans Converted To Term Loans	49	11,396
Total	1,407,894	1,533,713
Pass | Factored receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	1,667,922	1,081,316
One year before current year	0	0
Two years before current year	0	0
Three years before current year	0	0
Four years before current year	0	0
Five years before current year	0	0
Revolving Loans	0	0
Revolving Loans Converted To Term Loans	0	0
Total	1,667,922	1,081,316
Pass | Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	3,252	8,382
One year before current year	1,794	2,251
Two years before current year	669	1,336
Three years before current year	553	1,258
Four years before current year	2,424	688
Five years before current year	1,882	1,594
Revolving Loans	70	74
Revolving Loans Converted To Term Loans	0	0
Total	10,644	15,583
Pass | Mortgage warehouse
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	769,973	1,037,574
One year before current year	0	0
Two years before current year	0	0
Three years before current year	0	0
Four years before current year	0	0
Five years before current year	0	0
Revolving Loans	0	0
Revolving Loans Converted To Term Loans	0	0
Total	769,973	1,037,574
Classified
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	25,649	62,524
One year before current year	31,858	5,247
Two years before current year	5,775	1,674
Three years before current year	909	1,616
Four years before current year	383	5,178
Five years before current year	2,093	4,244
Revolving Loans	665	11,326
Revolving Loans Converted To Term Loans	0	0
Total	67,332	91,809
Classified | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	2,879	10,298
One year before current year	3,358	2,239
Two years before current year	41	133
Three years before current year	0	1,367
Four years before current year	16	664
Five years before current year	0	550
Revolving Loans	256	0
Revolving Loans Converted To Term Loans	0	0
Total	6,550	15,251
Classified | Construction, land development, land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	2,150	2,031
One year before current year	8	34
Two years before current year	0	0
Three years before current year	0	0
Four years before current year	0	0
Five years before current year	145	252
Revolving Loans	0	0
Revolving Loans Converted To Term Loans	0	0
Total	2,303	2,317
Classified | 1-4 family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	273	1,473
One year before current year	233	149
Two years before current year	53	137
Three years before current year	6	23
Four years before current year	64	11
Five years before current year	1,089	49
Revolving Loans	81	105
Revolving Loans Converted To Term Loans	0	0
Total	1,799	1,947
Classified | Farmland
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	199	994
One year before current year	612	407
Two years before current year	593	403
Three years before current year	333	0
Four years before current year	128	22
Five years before current year	298	590
Revolving Loans	126	925
Revolving Loans Converted To Term Loans	0	0
Total	2,289	3,341
Classified | Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	9,317	8,128
One year before current year	6,858	2,390
Two years before current year	5,088	983
Three years before current year	558	190
Four years before current year	56	4,470
Five years before current year	456	2,787
Revolving Loans	202	10,296
Revolving Loans Converted To Term Loans	0	0
Total	22,535	29,244
Classified | Factored receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	10,826	39,454
One year before current year	20,789	0
Two years before current year	0	0
Three years before current year	0	0
Four years before current year	0	0
Five years before current year	0	0
Revolving Loans	0	0
Revolving Loans Converted To Term Loans	0	0
Total	31,615	39,454
Classified | Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	5	146
One year before current year	0	28
Two years before current year	0	18
Three years before current year	12	36
Four years before current year	119	11
Five years before current year	105	16
Revolving Loans	0	0
Revolving Loans Converted To Term Loans	0	0
Total	241	255
Classified | Mortgage warehouse
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
One year before current year	0	0
Two years before current year	0	0
Three years before current year	0	0
Four years before current year	0	0
Five years before current year	0	0
Revolving Loans	0	0
Revolving Loans Converted To Term Loans	0	0
Total	$ 0	$ 0

Loans and Allowance for Cred_13

Loans and Allowance for Credit Losses - Schedule of Loans Modified as Troubled Debt Restructurings (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)loanReceivable	Dec. 31, 2020USD ($)loanReceivable	Dec. 31, 2019USD ($)loanReceivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Modifications	$ 1,438	$ 19,964	$ 7,105
Number of Loans | loanReceivable	3	29	14
Extended Amortization Period
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Modifications	$ 0	$ 8,208	$ 1,762
Payment Deferrals
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Modifications	697	11,756	153
Protective Advances
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Modifications	741	0	0
AB Note Restructure
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Modifications	0	0	4,597
Extended Maturity and Reduced Interest Rate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Modifications	0	0	593
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Modifications	$ 741	$ 727	$ 4,597
Number of Loans | loanReceivable	1	3	1
Commercial real estate | Extended Amortization Period
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Modifications	$ 0	$ 0	$ 0
Commercial real estate | Payment Deferrals
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Modifications	0	727	0
Commercial real estate | Protective Advances
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Modifications	741	0	0
Commercial real estate | AB Note Restructure
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Modifications	0	0	4,597
Commercial real estate | Extended Maturity and Reduced Interest Rate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Modifications	0	0	0
Construction, land development, land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Modifications		$ 989
Number of Loans | loanReceivable		2
Construction, land development, land | Extended Amortization Period
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Modifications		$ 8
Construction, land development, land | Payment Deferrals
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Modifications		981
Construction, land development, land | Protective Advances
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Modifications		0
Construction, land development, land | AB Note Restructure
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Modifications		0
Construction, land development, land | Extended Maturity and Reduced Interest Rate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Modifications		0
1-4 family residential properties
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Modifications		$ 171	$ 38
Number of Loans | loanReceivable		1	2
1-4 family residential properties | Extended Amortization Period
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Modifications		$ 0	$ 0
1-4 family residential properties | Payment Deferrals
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Modifications		171	38
1-4 family residential properties | Protective Advances
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Modifications		0	0
1-4 family residential properties | AB Note Restructure
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Modifications		0	0
1-4 family residential properties | Extended Maturity and Reduced Interest Rate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Modifications		0	0
Farmland
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Modifications		$ 3,486
Number of Loans | loanReceivable		1
Farmland | Extended Amortization Period
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Modifications		$ 3,486
Farmland | Payment Deferrals
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Modifications		0
Farmland | Protective Advances
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Modifications		0
Farmland | AB Note Restructure
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Modifications		0
Farmland | Extended Maturity and Reduced Interest Rate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Modifications		0
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Modifications	$ 697	$ 14,591	$ 2,470
Number of Loans | loanReceivable	2	22	11
Commercial | Extended Amortization Period
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Modifications	$ 0	$ 4,714	$ 1,762
Commercial | Payment Deferrals
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Modifications	697	9,877	115
Commercial | Protective Advances
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Modifications	0	0	0
Commercial | AB Note Restructure
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Modifications	0	0	0
Commercial | Extended Maturity and Reduced Interest Rate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Modifications	$ 0	$ 0	$ 593

Loans and Allowance for Cred_14

Loans and Allowance for Credit Losses - Summary of Loans Modified for Borrowers Impacted by COVID-19 (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Receivables [Abstract]
Modified during period	$ 10,801	$ 628,022

Loans and Allowance for Cred_15

Loans and Allowance for Credit Losses - Summary of Amortized Cost of Loans Currently in Deferral (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	$ 4,867,572	$ 4,996,776
Balance of Loans Currently in Deferral	$ 31,896	$ 104,597
Percentage of Portfolio	0.70%	2.10%
Accrued Interest Receivable	$ 124	$ 726
Commercial real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	632,775	779,158
Balance of Loans Currently in Deferral	$ 30,212	$ 69,980
Percentage of Portfolio	4.80%	9.00%
Accrued Interest Receivable	$ 116	$ 357
Construction, land development, land
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	123,464	219,647
Balance of Loans Currently in Deferral	$ 1,340	$ 18,821
Percentage of Portfolio	1.10%	8.60%
Accrued Interest Receivable	$ 5	$ 183
1-4 family residential
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	123,115	157,147
Balance of Loans Currently in Deferral	$ 0	$ 1,129
Percentage of Portfolio	0.00%	0.70%
Accrued Interest Receivable	$ 0	$ 15
Farmland
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	77,394	103,685
Balance of Loans Currently in Deferral	$ 338	$ 0
Percentage of Portfolio	0.40%	0.00%
Accrued Interest Receivable	$ 3	$ 0
Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	1,430,429	1,562,957
Balance of Loans Currently in Deferral	$ 0	$ 14,561
Percentage of Portfolio	0.00%	0.90%
Accrued Interest Receivable	$ 0	$ 166
Factored receivables
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	1,699,537	1,120,770
Balance of Loans Currently in Deferral	$ 0	$ 0
Percentage of Portfolio	0.00%	0.00%
Accrued Interest Receivable	$ 0	$ 0
Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	10,885	15,838
Balance of Loans Currently in Deferral	$ 6	$ 106
Percentage of Portfolio	0.10%	0.70%
Accrued Interest Receivable	$ 0	$ 5
Mortgage warehouse
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	769,973	1,037,574
Balance of Loans Currently in Deferral	$ 0	$ 0
Percentage of Portfolio	0.00%	0.00%
Accrued Interest Receivable	$ 0	$ 0

Other Real Estate Owned - Sched

Other Real Estate Owned - Schedule of Other Real Estate Owned Activity (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Real Estate Owned Valuation Allowance [Roll Forward]
Beginning balance	$ 1,432	$ 3,009	$ 2,060
Loans transferred to OREO	692	1,150	3,360
Net OREO gains (losses) and valuation adjustments	(347)	(616)	351
Sales of OREO	(1,253)	(2,111)	(2,762)
Ending balance	$ 524	$ 1,432	$ 3,009

Premises and Equipment - Schedu

Premises and Equipment - Schedule of Premises and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	$ 145,696	$ 134,318
Accumulated depreciation	(39,967)	(30,914)
Premises and equipment, net	105,729	103,404
Land
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	12,992	12,992
Buildings
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	52,558	51,377
Leasehold improvements
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	35,235	25,203
Automobiles and aircraft
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	9,820	15,542
Furniture, fixtures and equipment
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	$ 35,091	$ 29,204

Premises and Equipment - Additi

Premises and Equipment - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
Depreciation	$ 12,037	$ 10,720	$ 8,135
Total lease liability	35,828	19,148
Operating lease right-of-use asset	$ 32,826	$ 18,118
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Other liabilities	Other liabilities
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other assets	Other assets
Remaining lease term	8 years 4 months 24 days	7 years 2 months 12 days
Discount rate (as a percent)	2.00%	3.20%

Premises and Equipment - Sche_2

Premises and Equipment - Schedule of Lease Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
Operating lease cost	$ 4,538	$ 5,290	$ 4,377
Short-term lease cost	0	0	0
Variable lease cost	443	422	333
Total lease cost	$ 4,981	$ 5,712	$ 4,710

Premises and Equipment - Sche_3

Premises and Equipment - Schedule of Total Operating Lease Liability (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Within one year	$ 5,066
After one but within two years	4,854
After two but within three years	4,580
After three but within four years	4,600
After four but within five years	4,440
After five years	15,410
Total undiscounted cash flows	38,950
Discount on cash flows	(3,122)
Total lease liability	$ 35,828	$ 19,148

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Schedule of Intangible Assets and Goodwill (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Goodwill And Intangible Assets [Line Items]
Goodwill	$ 233,727	$ 163,209
Gross Carrying Amount	90,070	62,778
Accumulated Amortization	(46,941)	(36,065)
Net Carrying Amount	43,129	26,713
Core deposit intangibles
Goodwill And Intangible Assets [Line Items]
Gross Carrying Amount	43,578	43,578
Accumulated Amortization	(31,800)	(27,436)
Net Carrying Amount	11,778	16,142
Software intangible asset
Goodwill And Intangible Assets [Line Items]
Gross Carrying Amount	16,932	0
Accumulated Amortization	(2,469)	0
Net Carrying Amount	14,463	0
Other intangible assets
Goodwill And Intangible Assets [Line Items]
Gross Carrying Amount	29,560	19,200
Accumulated Amortization	(12,672)	(8,629)
Net Carrying Amount	$ 16,888	$ 10,571

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Schedule of Changes in Goodwill and Intangible Assets by Operating Segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Goodwill [Roll Forward]
Goodwill and intangible assets, beginning	$ 189,922	$ 190,286	$ 199,417
Acquired goodwill	73,697	4,466
Acquired goodwill - measurement period adjustment	(3,179)
Acquired intangibles	27,292	3,500
Amortization of intangibles	(10,876)	(8,330)	(9,131)
Goodwill and intangible assets, ending	276,856	189,922	190,286
Operating Segments | Banking
Goodwill [Roll Forward]
Goodwill and intangible assets, beginning	123,882	129,272	135,477
Acquired goodwill	0	0
Acquired goodwill - measurement period adjustment	0
Acquired intangibles	0	0
Amortization of intangibles	(4,576)	(5,390)	(6,205)
Goodwill and intangible assets, ending	119,306	123,882	129,272
Operating Segments | Factoring
Goodwill [Roll Forward]
Goodwill and intangible assets, beginning	66,040	61,014	63,940
Acquired goodwill	0	4,466
Acquired goodwill - measurement period adjustment	59
Acquired intangibles	0	3,500
Amortization of intangibles	(2,824)	(2,940)	(2,926)
Goodwill and intangible assets, ending	63,275	66,040	61,014
Operating Segments | Payments
Goodwill [Roll Forward]
Goodwill and intangible assets, beginning	0	0
Acquired goodwill	73,697	0
Acquired goodwill - measurement period adjustment	(3,238)
Acquired intangibles	27,292	0
Amortization of intangibles	(3,476)	0
Goodwill and intangible assets, ending	94,275	0	0
Operating Segments | Corporate
Goodwill [Roll Forward]
Goodwill and intangible assets, beginning	0	0	0
Acquired goodwill	0	0
Acquired goodwill - measurement period adjustment	0
Acquired intangibles	0	0
Amortization of intangibles	0	0	0
Goodwill and intangible assets, ending	$ 0	$ 0	$ 0

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Additional Information (Details)	12 Months Ended
	Dec. 31, 2021
Minimum
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives	4 years
Maximum
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives	11 years

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Schedule of Future Amortization Related to Company's Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
2022	$ 11,922
2023	10,482
2024	9,159
2025	5,400
2026	2,480
Thereafter	3,686
Net Carrying Amount	$ 43,129	$ 26,713

Equity Method Investment - Addi

Equity Method Investment - Additional Information (Details) - Warehouse Solutions, Inc. - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Oct. 17, 2019
Schedule of Equity Method Investments [Line Items]
Equity method investments and warrants	$ 8,366	$ 8,261	$ 8,000
Equity method investment, ownership percentage			8.00%
Equity method investment, ownership percentage to be purchased through exercise of warrant			10.00%

Equity Method Investment - Summ

Equity Method Investment - Summary of Investment (Details) - Warehouse Solutions, Inc. - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Oct. 17, 2019
Schedule of Equity Method Investments [Line Items]
Common stock	$ 5,142	$ 5,037
Warrants	3,224	3,224
Total investment	$ 8,366	$ 8,261	$ 8,000

Variable Interest Entities - Su

Variable Interest Entities - Summary of Closed CLO Funds (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Jun. 20, 2017	Sep. 22, 2016	Jun. 02, 2016
Variable Interest Entity [Line Items]
Offering Amount	$ 109,500
Trinitas IV | CLO securities
Variable Interest Entity [Line Items]
Offering Amount				$ 406,650
Trinitas V | CLO securities
Variable Interest Entity [Line Items]
Offering Amount			$ 409,000
Trinitas VI | CLO securities
Variable Interest Entity [Line Items]
Offering Amount		$ 717,100

Variable Interest Entities - Ad

Variable Interest Entities - Additional Information - (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Variable Interest Entity [Line Items]
Securities - held to maturity	$ 4,947	$ 5,919
CLO securities
Variable Interest Entity [Line Items]
Securities - held to maturity	$ 4,947	$ 5,919

Derivative Financial Instrume_3

Derivative Financial Instruments - Additional Information (Details)	12 Months Ended
	Dec. 31, 2021USD ($)
Derivative [Line Items]
Fair value of derivatives in a net liability position	$ 0
Assets needed for immediate settlement	6,157,000
Interest Expense
Derivative [Line Items]
Amount of estimate additional reclassified as an increase in interest expense	$ 583,000

Derivative Financial Instrume_4

Derivative Financial Instruments - Fair Value by Balance Sheet Grouping (Details) - Interest Rate Swap - Other Assets - Designated as Hedging Instrument - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Derivative [Line Items]
Notional Amount	$ 200,000	$ 200,000
Fair Value Total	$ 6,164	$ 816

Derivative Financial Instrume_5

Derivative Financial Instruments - Effect on Other Comprehensive Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Recognized in OCI Included Component, net of tax	$ 4,066	$ 623	$ 0
Amount of Gain or (Loss) Reclassified from AOCI into Income Included Component	(93)	(34)	$ 0
Interest Rate Swap
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Recognized in OCI Included Component, net of tax	4,066	623
Interest Rate Swap | Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Reclassified from AOCI into Income Included Component	$ 93	$ 34

Deposits - Summary of Deposits

Deposits - Summary of Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Deposits [Abstract]
Noninterest-bearing demand	$ 1,925,370	$ 1,352,785
Interest-bearing demand	830,019	688,680
Individual retirement accounts	83,410	92,584
Money market	520,358	393,325
Savings	504,146	421,488
Certificates of deposit	533,206	790,844
Brokered time deposits	40,125	516,786
Other brokered deposits	210,045	460,108
Total deposits	$ 4,646,679	$ 4,716,600

Deposits - Scheduled Maturities

Deposits - Scheduled Maturities of Time Deposits, Including Certificates of Deposits, Individual Retirement Accounts and Brokered Deposits (Details) $ in Thousands	Dec. 31, 2021USD ($)
Deposits [Abstract]
Within one year	$ 563,152
After one but within two years	75,030
After two but within three years	9,627
After three but within four years	4,439
After four but within five years	4,493
Total	$ 656,741

Deposits - Additional Informati

Deposits - Additional Information (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Deposits [Abstract]
Time deposits	$ 116,977	$ 164,441

Borrowings and Borrowing Capa_3

Borrowings and Borrowing Capacity - Summary of Customer Repurchase Agreements (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Debt Disclosure [Abstract]
Amount outstanding at end of the year	$ 2,103	$ 3,099
Weighted average interest rate at end of the year	0.03%	0.03%
Average daily balance during the year	$ 5,985	$ 6,716
Weighted average interest rate during the year	0.03%	0.03%
Maximum month-end balance during the year	$ 12,405	$ 14,192

Borrowings and Borrowing Capa_4

Borrowings and Borrowing Capacity - Summary of Customer Repurchase Agreements are Secured by Pledged Securities with Carrying Amount (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Pledged Securities	$ 72,805	$ 73,056
Customer Repurchase Agreements
Debt Instrument [Line Items]
Pledged Securities	14,970	4,987
Asset-backed securities | Customer Repurchase Agreements
Debt Instrument [Line Items]
Pledged Securities	4,999	4,987
CLO securities | Customer Repurchase Agreements
Debt Instrument [Line Items]
Pledged Securities	$ 9,971	$ 0

Borrowings and Borrowing Capa_5

Borrowings and Borrowing Capacity - Summary of FHLB Advances and Weighted Average Interest Rates by Contractual Maturity (Details) $ in Thousands	Dec. 31, 2021USD ($)
Debt Disclosure [Abstract]
2022, balance outstanding, fixed rate	$ 150,000
2027, balance outstanding, fixed rate	0
Total balance outstanding, fixed rate	$ 150,000
2022, fixed weighted average interest rate	0.13%
2027, fixed weighted average interest rate	0.00%
Total fixed weighted average interest rate	0.13%
2022, balance outstanding, variable rate	$ 0
2027, balance outstanding, variable rate	30,000
Total balance outstanding, variable rate	$ 30,000
2022, variable weighted average interest rate	0.00%
2027, variable weighted average interest rate	0.27%
Total variable weighted average interest rate	0.27%

Borrowings and Borrowing Capa_6

Borrowings and Borrowing Capacity - Summary of Information Concerning FHLB Advances (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Debt Disclosure [Abstract]
Borrowings outstanding	$ 180,000,000	$ 105,000,000
Weighted average interest rate at end of the year	0.15%	0.17%
Average daily balance during the year	$ 37,671,000	$ 342,264,000
Weighted average interest rate during the year	0.24%	0.58%
Maximum month-end balance during the year	$ 180,000,000	$ 850,000,000

Borrowings and Borrowing Capa_7

Borrowings and Borrowing Capacity - Schedule of FHLB Advances (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Debt Disclosure [Abstract]
Borrowing capacity	$ 978,794	$ 1,351,542
Borrowings outstanding	180,000	105,000
Unused borrowing capacity	$ 798,794	$ 1,246,542

Borrowings and Borrowing Capa_8

Borrowings and Borrowing Capacity - Summary of Paycheck Protection Program Borrowings (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Amount outstanding at end of period	$ 27,144	$ 191,860
Paycheck Protection Program
Debt Instrument [Line Items]
Amount outstanding at end of period	$ 27,144	$ 191,860
Weighted average interest rate at end of period	0.35%	0.35%
Average amount outstanding during the period	$ 118,880	$ 143,608
Weighted average interest rate during the period	0.35%	0.35%
Highest month end balance during the period	$ 181,635	$ 223,809

Borrowings and Borrowing Capa_9

Borrowings and Borrowing Capacity - PPP Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Total	$ 27,144	$ 191,860
Paycheck Protection Program
Debt Instrument [Line Items]
Within one year	2,872
After one but within two years	0
After two but within three years	0
After three but within four years	0
After four but within five years	24,272
After five years	0
Total	$ 27,144	$ 191,860

Borrowings and Borrowing Cap_10

Borrowings and Borrowing Capacity - Additional Information (Details) $ in Thousands	Sep. 30, 2016USD ($)	Sep. 30, 2021USD ($)	Dec. 31, 2021USD ($)quarterbank	Dec. 31, 2020USD ($)
Debt Instrument [Line Items]
Total			$ 27,144	$ 191,860
Number of banks containing unsecured federal funds lines of credit | bank			7
Unsecured federal funds line of credit			$ 227,500
Subordinated notes			106,957	87,509
Subordinated notes issued			109,500
Write off of deferred debt issuance cost		$ 755
Junior subordinated debentures			$ 40,602	40,072
Maximum
Debt Instrument [Line Items]
Maximum interest deferment period on junior subordinated debentures | quarter			20
Paycheck Protection Program
Debt Instrument [Line Items]
Total			$ 27,144	$ 191,860
Stated rate			0.35%	0.35%
Federal Reserve Bank Discount Window Facility
Debt Instrument [Line Items]
Unused borrowing capacity, amount			$ 501,293
Loans pledged as collateral			$ 727,261
Fixed-to-Floating Rate Subordinated Notes due 2026
Debt Instrument [Line Items]
Subordinated notes issued	$ 50,000
Current Interest Rate	6.50%
Fixed-to-Floating Rate Subordinated Notes due 2026 | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Description of floating rate basis	three-month LIBOR
Interest rate	5.345%

Borrowings and Borrowing Cap_11

Borrowings and Borrowing Capacity - Summary of Subordinated Notes (Details) - USD ($) $ in Thousands	Aug. 26, 2021	Nov. 27, 2019	Dec. 31, 2021	Dec. 31, 2020
Debt Disclosure [Abstract]
Offering Amount			$ 109,500
Debt Instrument [Line Items]
Offering Amount			109,500
Carrying Value			106,957	$ 87,509
Fixed-to-Floating Rate Subordinated Notes due 2029
Debt Disclosure [Abstract]
Offering Amount		$ 39,500
Debt Instrument [Line Items]
Offering Amount		$ 39,500
Carrying Value			38,552
Current Interest Rate		4.875%
Initial Issuance Costs		$ 1,218
Fixed-to-Floating Rate Subordinated Notes due 2029 | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Interest rate		3.33%
Fixed-to-Floating Rate Subordinated Notes due 2031
Debt Disclosure [Abstract]
Offering Amount	$ 70,000
Debt Instrument [Line Items]
Offering Amount	$ 70,000
Carrying Value			$ 68,405
Current Interest Rate	3.50%
Initial Issuance Costs	$ 1,776
Fixed-to-Floating Rate Subordinated Notes due 2031 | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Interest rate	2.86%

Borrowings and Borrowing Cap_12

Borrowings and Borrowing Capacity - Summary of Junior Subordinated Debentures (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Face Value	$ 51,031,000
Carrying Value	40,602,000	$ 40,072,000
National Bancshares Capital Trust II
Debt Instrument [Line Items]
Face Value	15,464,000
Carrying Value	$ 13,350,000
Interest rate at December 31	3.20%
National Bancshares Capital Trust II | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Interest rate	3.00%
National Bancshares Capital Trust III
Debt Instrument [Line Items]
Face Value	$ 17,526,000
Carrying Value	$ 13,188,000
Interest rate at December 31	1.76%
National Bancshares Capital Trust III | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Interest rate	1.64%
ColoEast Capital Trust I
Debt Instrument [Line Items]
Face Value	$ 5,155,000
Carrying Value	$ 3,683,000
Interest rate at December 31	1.82%
ColoEast Capital Trust I | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Interest rate	1.60%
ColoEast Capital Trust II
Debt Instrument [Line Items]
Face Value	$ 6,700,000
Carrying Value	$ 4,784,000
Interest rate at December 31	2.01%
ColoEast Capital Trust II | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Interest rate	1.79%
Valley Bancorp Statutory Trust I
Debt Instrument [Line Items]
Face Value	$ 3,093,000
Carrying Value	$ 2,892,000
Interest rate at December 31	3.62%
Valley Bancorp Statutory Trust I | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Interest rate	3.40%
Valley Bancorp Statutory Trust II
Debt Instrument [Line Items]
Face Value	$ 3,093,000
Carrying Value	$ 2,705,000
Interest rate at December 31	2.87%
Valley Bancorp Statutory Trust II | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Interest rate	2.75%

Employee Benefit Plans - Additi

Employee Benefit Plans - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Retirement Benefits [Abstract]
Employer contribution towards compensation	100.00%
Compensation contributed percentage	4.00%
Compensation expenses	$ 2,976	$ 2,519	$ 2,306

Income Taxes - Summary of Incom

Income Taxes - Summary of Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income tax expense:
Current	$ 37,812	$ 22,766	$ 12,971
Deferred	(5,832)	(2,080)	3,908
Change in valuation allowance for deferred tax asset	0	0	23
Income tax expense	$ 31,980	$ 20,686	$ 16,902

Income Taxes - Summary of Effec

Income Taxes - Summary of Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Tax provision computed at federal statutory rate	$ 30,440	$ 17,789	$ 15,844
State taxes, net	3,335	2,919	1,704
Stock-based compensation	(1,778)	(109)	(23)
Bank-owned life insurance	(332)	(121)	(114)
Tax exempt interest	(201)	(250)	(442)
Change in valuation allowance for deferred tax asset	0	0	23
Other	516	458	(90)
Income tax expense	$ 31,980	$ 20,686	$ 16,902

Income Taxes - Significant Comp

Income Taxes - Significant Components of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Deferred tax assets
Federal net operating loss carryforwards	$ 7,231	$ 4,067
State net operating loss carryforwards	1,458	459
Stock-based compensation	5,742	1,799
Allowance for credit losses	11,341	24,317
Accrued liabilities	4,465	2,675
Lease liability	8,348	4,598
Other	707	446
Total deferred tax assets	39,292	38,361
Deferred tax liabilities
Goodwill and intangible assets	9,449	2,452
Fair value adjustment on junior subordinated debentures	2,324	2,449
Premises and equipment	4,786	10,767
Installment gain on sale of subsidiary	626	1,049
Lease right-of-use asset	7,598	4,172
Unrealized gain on securities available for sale	1,023	1,601
Derivative financial instruments	1,475	193
Indemnification asset	1,123	8,575
Acquired loan basis	525	184
Other	62	214
Total deferred tax liabilities	28,991	31,656
Net deferred tax asset before valuation allowance	10,301	6,705
Valuation allowance	(278)	(278)
Net deferred tax asset	$ 10,023	$ 6,427

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Income Taxes [Line Items]
Operating loss carryforwards, expiration start year	2031
Operating loss carryforwards, expiration end year	2035
Operating loss carryforwards, not subject to expiration	$ 16,268,000
Uncertain tax position	0	$ 0
EJ Acquisition
Income Taxes [Line Items]
Tax credit carryforwards, annual limitation on use amount	341,000
NBI Acquisition
Income Taxes [Line Items]
Tax credit carryforwards, annual limitation on use amount	2,040,000
HubTran, Inc.
Income Taxes [Line Items]
Tax credit carryforwards, annual limitation on use amount	1,594,000
ColoEast Acquisition
Income Taxes [Line Items]
Tax credit carryforwards, annual limitation on use amount	1,906,000
Federal
Income Taxes [Line Items]
Operating loss carryforwards, net	34,433,000	19,365,000
State
Income Taxes [Line Items]
Operating loss carryforwards, net	$ 24,157,000	$ 10,649,000

Off-Balance Sheet Loan Commit_3

Off-Balance Sheet Loan Commitments - Summary of Financial Instruments with Off-Balance Sheet Risk - (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Unused lines of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments, off balance sheet risk, fixed rate	$ 26,029	$ 43,406
Financial instruments, off balance sheet risk, variable rate	523,483	547,430
Financial instruments, off balance sheet risk	549,512	590,836
Standby letters of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments, off balance sheet risk, fixed rate	11,090	5,464
Financial instruments, off balance sheet risk, variable rate	5,409	8,429
Financial instruments, off balance sheet risk	16,499	13,893
Commitments to purchase loans
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments, off balance sheet risk, fixed rate	0	0
Financial instruments, off balance sheet risk, variable rate	108,423	66,373
Financial instruments, off balance sheet risk	108,423	66,373
Mortgage warehouse commitments
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments, off balance sheet risk, fixed rate	0	0
Financial instruments, off balance sheet risk, variable rate	823,060	417,722
Financial instruments, off balance sheet risk	$ 823,060	$ 417,722

Off-Balance Sheet Loan Commit_4

Off-Balance Sheet Loan Commitments - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Other Noninterest Expense
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Credit loss expense (benefit)	$ (922)	$ 2,448	$ 99
Other Liabilities
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Credit loss, liability	$ 4,082	$ 5,005

Fair Value Disclosures - Assets

Fair Value Disclosures - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Securities available for sale
Securities available for sale	$ 182,426	$ 224,310
Equity securities
Mutual fund	5,504	5,826
Indemnification asset	4,786	36,225
Fair Value, Measurements, Recurring
Securities available for sale
Securities available for sale	182,426	224,310
Equity securities
Loans held for sale	7,330	24,546
Indemnification asset	4,786	36,225
Fair Value, Measurements, Recurring | Interest Rate Swap
Derivative financial instruments (cash flow hedges)
Interest rate swap	6,164	816
Mutual fund | Fair Value, Measurements, Recurring
Equity securities
Mutual fund	5,504	5,826
U.S. Government agency obligations
Securities available for sale
Securities available for sale		15,088
U.S. Government agency obligations | Fair Value, Measurements, Recurring
Securities available for sale
Securities available for sale		15,088
Mortgage-backed securities, residential
Securities available for sale
Securities available for sale	37,449	27,684
Mortgage-backed securities, residential | Fair Value, Measurements, Recurring
Securities available for sale
Securities available for sale	37,449	27,684
Asset-backed securities
Securities available for sale
Securities available for sale	6,764	7,039
Asset-backed securities | Fair Value, Measurements, Recurring
Securities available for sale
Securities available for sale	6,764	7,039
State and municipal
Securities available for sale
Securities available for sale	26,825	37,395
State and municipal | Fair Value, Measurements, Recurring
Securities available for sale
Securities available for sale	26,825	37,395
CLO Securities
Securities available for sale
Securities available for sale	106,634	122,204
CLO Securities | Fair Value, Measurements, Recurring
Securities available for sale
Securities available for sale	106,634	122,204
Corporate bonds
Securities available for sale
Securities available for sale	2,056	11,573
Corporate bonds | Fair Value, Measurements, Recurring
Securities available for sale
Securities available for sale	2,056	11,573
SBA pooled securities
Securities available for sale
Securities available for sale	2,698	3,327
SBA pooled securities | Fair Value, Measurements, Recurring
Securities available for sale
Securities available for sale	2,698	3,327
Level 1 | Fair Value, Measurements, Recurring
Securities available for sale
Securities available for sale	0	0
Equity securities
Loans held for sale	0	0
Indemnification asset	0	0
Level 1 | Fair Value, Measurements, Recurring | Interest Rate Swap
Derivative financial instruments (cash flow hedges)
Interest rate swap	0	0
Level 1 | Mutual fund | Fair Value, Measurements, Recurring
Equity securities
Mutual fund	5,504	5,826
Level 1 | U.S. Government agency obligations | Fair Value, Measurements, Recurring
Securities available for sale
Securities available for sale		0
Level 1 | Mortgage-backed securities, residential | Fair Value, Measurements, Recurring
Securities available for sale
Securities available for sale	0	0
Level 1 | Asset-backed securities | Fair Value, Measurements, Recurring
Securities available for sale
Securities available for sale	0	0
Level 1 | State and municipal | Fair Value, Measurements, Recurring
Securities available for sale
Securities available for sale	0	0
Level 1 | CLO Securities | Fair Value, Measurements, Recurring
Securities available for sale
Securities available for sale	0	0
Level 1 | Corporate bonds | Fair Value, Measurements, Recurring
Securities available for sale
Securities available for sale	0	0
Level 1 | SBA pooled securities | Fair Value, Measurements, Recurring
Securities available for sale
Securities available for sale	0	0
Level 2 | Fair Value, Measurements, Recurring
Securities available for sale
Securities available for sale	182,426	224,310
Equity securities
Loans held for sale	7,330	24,546
Indemnification asset	0	0
Level 2 | Fair Value, Measurements, Recurring | Interest Rate Swap
Derivative financial instruments (cash flow hedges)
Interest rate swap	6,164	816
Level 2 | Mutual fund | Fair Value, Measurements, Recurring
Equity securities
Mutual fund	0	0
Level 2 | U.S. Government agency obligations | Fair Value, Measurements, Recurring
Securities available for sale
Securities available for sale		15,088
Level 2 | Mortgage-backed securities, residential | Fair Value, Measurements, Recurring
Securities available for sale
Securities available for sale	37,449	27,684
Level 2 | Asset-backed securities | Fair Value, Measurements, Recurring
Securities available for sale
Securities available for sale	6,764	7,039
Level 2 | State and municipal | Fair Value, Measurements, Recurring
Securities available for sale
Securities available for sale	26,825	37,395
Level 2 | CLO Securities | Fair Value, Measurements, Recurring
Securities available for sale
Securities available for sale	106,634	122,204
Level 2 | Corporate bonds | Fair Value, Measurements, Recurring
Securities available for sale
Securities available for sale	2,056	11,573
Level 2 | SBA pooled securities | Fair Value, Measurements, Recurring
Securities available for sale
Securities available for sale	2,698	3,327
Level 3
Equity securities
Indemnification asset	4,786	36,225	$ 0	$ 0
Level 3 | Fair Value, Measurements, Recurring
Securities available for sale
Securities available for sale	0	0
Equity securities
Loans held for sale	0	0
Indemnification asset	4,786	36,225
Level 3 | Fair Value, Measurements, Recurring | Interest Rate Swap
Derivative financial instruments (cash flow hedges)
Interest rate swap	0	0
Level 3 | Mutual fund | Fair Value, Measurements, Recurring
Equity securities
Mutual fund	0	0
Level 3 | U.S. Government agency obligations | Fair Value, Measurements, Recurring
Securities available for sale
Securities available for sale		0
Level 3 | Mortgage-backed securities, residential | Fair Value, Measurements, Recurring
Securities available for sale
Securities available for sale	0	0
Level 3 | Asset-backed securities | Fair Value, Measurements, Recurring
Securities available for sale
Securities available for sale	0	0
Level 3 | State and municipal | Fair Value, Measurements, Recurring
Securities available for sale
Securities available for sale	0	0
Level 3 | CLO Securities | Fair Value, Measurements, Recurring
Securities available for sale
Securities available for sale	0	0
Level 3 | Corporate bonds | Fair Value, Measurements, Recurring
Securities available for sale
Securities available for sale	0	0
Level 3 | SBA pooled securities | Fair Value, Measurements, Recurring
Securities available for sale
Securities available for sale	$ 0	$ 0

Fair Value Disclosures - Additi

Fair Value Disclosures - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Indemnification asset, expected cash payments to be received	$ 5,038	$ 39,200
Discount rate	5.00%	8.80%
Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Selling and closing costs for loans as a percentage of appraised value	5.00%
Real estate selling and closing costs as a percentage of appraised value	5.00%
Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Selling and closing costs for loans as a percentage of appraised value	8.00%
Real estate selling and closing costs as a percentage of appraised value	8.00%

Fair Value Disclosures - Indemn

Fair Value Disclosures - Indemnification Asset (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Indemnification Asset [Roll Forward]
Beginning balance	$ 36,225
Indemnification reduction	(35,633)	$ 0	$ 0
Ending balance	4,786	36,225
Level 3
Indemnification Asset [Roll Forward]
Beginning balance	36,225	0	0
Indemnification asset recognized in business combination	0	30,959	0
Change in fair value of indemnification asset recognized in earnings	4,194	5,266	0
Indemnification reduction	(35,633)	0	0
Ending balance	$ 4,786	$ 36,225	$ 0

Fair Value Disclosures - Fair V

Fair Value Disclosures - Fair Value of Assets Measured on Non-recurring Basis (Details) - Fair Value, Measurements, Nonrecurring - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value on a non-recurring basis	$ 33,216	$ 49,950
Collateral dependent loans | Commercial real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value on a non-recurring basis	366	5,107
Collateral dependent loans | Construction, land development, land
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value on a non-recurring basis		824
Collateral dependent loans | 1-4 family residential properties
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value on a non-recurring basis	61	0
Collateral dependent loans | Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value on a non-recurring basis	2,435	2,355
Collateral dependent loans | Factored receivables
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value on a non-recurring basis	30,224	41,065
Collateral dependent loans | Consumer
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value on a non-recurring basis	60	3
Other real estate owned | Commercial real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value on a non-recurring basis	7	273
Other real estate owned | Construction, land development, land
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value on a non-recurring basis	63
Other real estate owned | 1-4 family residential properties
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value on a non-recurring basis		114
Other real estate owned | Farmland
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value on a non-recurring basis		209
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value on a non-recurring basis	0	0
Level 1 | Collateral dependent loans | Commercial real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value on a non-recurring basis	0	0
Level 1 | Collateral dependent loans | Construction, land development, land
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value on a non-recurring basis		0
Level 1 | Collateral dependent loans | 1-4 family residential properties
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value on a non-recurring basis	0	0
Level 1 | Collateral dependent loans | Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value on a non-recurring basis	0	0
Level 1 | Collateral dependent loans | Factored receivables
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value on a non-recurring basis	0	0
Level 1 | Collateral dependent loans | Consumer
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value on a non-recurring basis	0	0
Level 1 | Other real estate owned | Commercial real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value on a non-recurring basis	0	0
Level 1 | Other real estate owned | Construction, land development, land
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value on a non-recurring basis	0
Level 1 | Other real estate owned | 1-4 family residential properties
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value on a non-recurring basis		0
Level 1 | Other real estate owned | Farmland
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value on a non-recurring basis		0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value on a non-recurring basis	0	0
Level 2 | Collateral dependent loans | Commercial real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value on a non-recurring basis	0	0
Level 2 | Collateral dependent loans | Construction, land development, land
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value on a non-recurring basis		0
Level 2 | Collateral dependent loans | 1-4 family residential properties
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value on a non-recurring basis	0	0
Level 2 | Collateral dependent loans | Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value on a non-recurring basis	0	0
Level 2 | Collateral dependent loans | Factored receivables
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value on a non-recurring basis	0	0
Level 2 | Collateral dependent loans | Consumer
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value on a non-recurring basis	0	0
Level 2 | Other real estate owned | Commercial real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value on a non-recurring basis	0	0
Level 2 | Other real estate owned | Construction, land development, land
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value on a non-recurring basis	0
Level 2 | Other real estate owned | 1-4 family residential properties
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value on a non-recurring basis		0
Level 2 | Other real estate owned | Farmland
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value on a non-recurring basis		0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value on a non-recurring basis	33,216	49,950
Level 3 | Collateral dependent loans | Commercial real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value on a non-recurring basis	366	5,107
Level 3 | Collateral dependent loans | Construction, land development, land
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value on a non-recurring basis		824
Level 3 | Collateral dependent loans | 1-4 family residential properties
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value on a non-recurring basis	61	0
Level 3 | Collateral dependent loans | Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value on a non-recurring basis	2,435	2,355
Level 3 | Collateral dependent loans | Factored receivables
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value on a non-recurring basis	30,224	41,065
Level 3 | Collateral dependent loans | Consumer
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value on a non-recurring basis	60	3
Level 3 | Other real estate owned | Commercial real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value on a non-recurring basis	7	273
Level 3 | Other real estate owned | Construction, land development, land
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value on a non-recurring basis	$ 63
Level 3 | Other real estate owned | 1-4 family residential properties
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value on a non-recurring basis		114
Level 3 | Other real estate owned | Farmland
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value on a non-recurring basis		$ 209

Fair Value Disclosures - Estima

Fair Value Disclosures - Estimated Fair Value of Company's Financial Assets and Financial Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Financial assets:
Cash and cash equivalents	$ 383,178	$ 314,393
Securities - held to maturity	4,947	5,919
Loans not previously presented, gross	4,834,426	4,953,399
FHLB and other restricted stock	10,146	6,751
Accrued interest receivable	15,319	19,435
Cash and cash equivalents	383,178	314,393
Securities - held to maturity	5,447	5,850
Loans not previously presented, gross	4,828,020	4,978,882
Accrued interest receivable	15,319	19,435
Financial liabilities:
Deposits	4,646,679	4,716,600
Customer repurchase agreements	2,103	3,099
Federal Home Loan Bank advances	180,000	105,000
Paycheck Protection Program Liquidity Facility	27,144	191,860
Subordinated notes	106,957	87,509
Junior subordinated debentures	40,602	40,072
Accrued interest payable	1,951	4,270
Deposits	4,646,552	4,719,625
Customer repurchase agreements	2,103	3,099
Federal Home Loan Bank advances	180,000	105,000
Paycheck Protection Program Liquidity Facility	27,144	191,860
Subordinated notes	110,045	89,413
Junior subordinated debentures	41,286	40,379
Accrued interest payable	1,951	4,270
Level 1
Financial assets:
Cash and cash equivalents	383,178	314,393
Securities - held to maturity	0	0
Loans not previously presented, gross	142,962	195,739
Accrued interest receivable	15,319	19,435
Financial liabilities:
Deposits	0	0
Customer repurchase agreements	0	0
Federal Home Loan Bank advances	0	0
Paycheck Protection Program Liquidity Facility	0	0
Subordinated notes	0	0
Junior subordinated debentures	0	0
Accrued interest payable	1,951	4,270
Level 2
Financial assets:
Cash and cash equivalents	0	0
Securities - held to maturity	0	0
Loans not previously presented, gross	0	0
Accrued interest receivable	0	0
Financial liabilities:
Deposits	4,646,552	4,719,625
Customer repurchase agreements	2,103	3,099
Federal Home Loan Bank advances	180,000	105,000
Paycheck Protection Program Liquidity Facility	27,144	191,860
Subordinated notes	110,045	89,413
Junior subordinated debentures	41,286	40,379
Accrued interest payable	0	0
Level 3
Financial assets:
Cash and cash equivalents	0	0
Securities - held to maturity	5,447	5,850
Loans not previously presented, gross	4,685,058	4,783,143
Accrued interest receivable	0	0
Financial liabilities:
Deposits	0	0
Customer repurchase agreements	0	0
Federal Home Loan Bank advances	0	0
Paycheck Protection Program Liquidity Facility	0	0
Subordinated notes	0	0
Junior subordinated debentures	0	0
Accrued interest payable	$ 0	$ 0

Related-Party Transactions - Sc

Related-Party Transactions - Schedule of Loans to Principal Officers, Directors, and their Affiliates (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Related Party Transactions [Roll Forward]
Beginning balance	$ 3,892	$ 39,651
New loans and advances	0	500
Repayments and sales	(3,892)	(786)
Effect of changes in composition of related parties	0	(35,473)
Ending balance	$ 0	$ 3,892

Related-Party Transactions - Ad

Related-Party Transactions - Additional Information (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Related Party Transactions [Abstract]
Amount of deposits held	$ 34,111	$ 30,294

Regulatory Matters - Schedule o

Regulatory Matters - Schedule of Actual Capital Amounts and Ratios (Details) $ in Thousands	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)
Triumph Bancorp, Inc.
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total capital (to risk weighted assets), actual amount	$ 769,475	$ 715,142
Total capital (to risk weighted assets), actual ratio	0.141	0.130
Total capital (to risk weighted assets), minimum for capital adequacy purposes amount	$ 436,582	$ 440,087
Total capital (to risk weighted assets), minimum for capital adequacy purposes ratio	0.080	0.080
Tier 1 capital (to risk weighted assets), actual amount	$ 628,094	$ 581,580
Tier 1 capital (to risk weighted assets), actual ratio	0.115	0.106
Tier 1 capital (to risk weighted assets), minimum for capital adequacy purposes amount	$ 327,701	$ 329,196
Tier 1 capital (to risk weighted assets), minimum for capital adequacy purposes ratio	0.060	0.060
Common equity Tier 1 capital (to risk weighted assets), actual amount	$ 542,492	$ 496,508
Common equity Tier 1 capital (to risk weighted assets), actual ratio	0.099	0.090
Common equity Tier 1 capital (to risk weighted assets), minimum for capital adequacy purposes amount	$ 246,587	$ 248,254
Common equity Tier 1 capital (to risk weighted assets), minimum for capital adequacy purposes ratio	4.50%	4.50%
Tier 1 capital (to average assets), actual amount	$ 628,094	$ 581,580
Tier 1 capital (to average assets) , actual ratio	0.111	0.108
Tier 1 capital (to average assets), minimum for capital adequacy purposes amount	$ 226,340	$ 215,400
Tier 1 capital (to average assets), minimum for capital adequacy purposes ratio	0.040	0.040
TBK Bank, SSB
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total capital (to risk weighted assets), actual amount	$ 698,286	$ 653,359
Total capital (to risk weighted assets), actual ratio	0.129	0.121
Total capital (to risk weighted assets), minimum for capital adequacy purposes amount	$ 433,046	$ 431,973
Total capital (to risk weighted assets), minimum for capital adequacy purposes ratio	0.080	0.080
Total capital (to risk weighted assets), amount to be well capitalized under prompt corrective action provisions	$ 541,307	$ 539,966
Total capital (to risk weighted assets), ratio to be well capitalized under prompt corrective action provisions	0.100	0.100
Tier 1 capital (to risk weighted assets), actual amount	$ 665,336	$ 608,737
Tier 1 capital (to risk weighted assets), actual ratio	0.123	0.113
Tier 1 capital (to risk weighted assets), minimum for capital adequacy purposes amount	$ 324,554	$ 323,223
Tier 1 capital (to risk weighted assets), minimum for capital adequacy purposes ratio	0.060	0.060
Tier 1 capital (to risk weighted assets), amount to be well capitalized under prompt corrective action provisions	$ 432,739	$ 430,964
Tier 1 capital (to risk weighted assets), ratio to be well capitalized under prompt corrective action provisions	0.080	0.080
Common equity Tier 1 capital (to risk weighted assets), actual amount	$ 665,336	$ 608,737
Common equity Tier 1 capital (to risk weighted assets), actual ratio	0.123	0.113
Common equity Tier 1 capital (to risk weighted assets), minimum for capital adequacy purposes amount	$ 243,416	$ 242,417
Common equity Tier 1 capital (to risk weighted assets), minimum for capital adequacy purposes ratio	4.50%	4.50%
Common equity Tier 1 capital (to risk weighted assets), amount to be well capitalized under prompt corrective action provisions	$ 351,600	$ 350,158
Common equity Tier 1 capital (to risk weighted assets), ratio to be well capitalized under prompt corrective action provisions	6.50%	6.50%
Tier 1 capital (to average assets), actual amount	$ 665,336	$ 608,737
Tier 1 capital (to average assets) , actual ratio	0.118	0.113
Tier 1 capital (to average assets), minimum for capital adequacy purposes amount	$ 225,538	$ 215,482
Tier 1 capital (to average assets), minimum for capital adequacy purposes ratio	0.040	0.040
Tier 1 capital (to average assets), amount to be well capitalized under prompt corrective action provisions	$ 281,922	$ 269,353
Tier 1 capital (to average assets), ratio to be well capitalized under prompt corrective action provisions	0.050	0.050

Stockholders' Equity - Summary

Stockholders' Equity - Summary of Preferred Stock (Details) - Series C Preferred Stock - USD ($) $ / shares in Units, $ in Thousands	Jun. 19, 2020	Dec. 31, 2021	Dec. 31, 2020
Class of Stock [Line Items]
Shares authorized (in shares)		51,750	51,750
Preferred stock issued (in shares)	45,000	45,000	45,000
Preferred stock outstanding (in shares)		45,000	45,000
Par value (in dollars per share)	$ 0.01	$ 0.01	$ 0.01
Liquidation preference (in dollars per share)	$ 1,000	$ 1,000	$ 1,000
Liquidation preference amount		$ 45,000	$ 45,000
Dividend rate	7.125%	7.125%	7.125%

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Details) $ / shares in Units, $ in Thousands	Jun. 19, 2020USD ($)$ / sharesshares	Dec. 31, 2021USD ($)$ / sharesshares	Dec. 31, 2020USD ($)$ / sharesshares	Dec. 31, 2019USD ($)$ / sharesshares	Oct. 16, 2019USD ($)
Class of Stock [Line Items]
Issuance of preferred stock, net of issuance costs		$ 0	$ 42,364	$ 0
Payments for repurchase of common stock		$ 1,241	$ 35,772	$ 64,524
Series C Preferred Stock
Class of Stock [Line Items]
Preferred stock issued (in shares) | shares	45,000	45,000	45,000
Dividend rate	7.125%	7.125%	7.125%
Par value (in dollars per share) | $ / shares	$ 0.01	$ 0.01	$ 0.01
Liquidation preference (in dollars per share) | $ / shares	$ 1,000	$ 1,000	$ 1,000
Depositary shares (in shares) | shares	1,800,000
Depositary shares, ownership interest	0.025
Proceeds from issuance of preferred stock, gross	$ 45,000
Issuance of preferred stock, net of issuance costs	$ 42,364
Share repurchase program
Class of Stock [Line Items]
Shares repurchased into treasury stock (in shares) | shares		0	871,319	2,080,791
Average price of shares repurchased into treasury stock (in dollars per share) | $ / shares			$ 40.81	$ 30.90
Payments for repurchase of common stock			$ 35,600	$ 64,366
Amount authorized under stock repurchase program					$ 50,000

Stockholders' Equity - Summar_2

Stockholders' Equity - Summary of Common Stock (Details) - $ / shares	Dec. 31, 2021	Dec. 31, 2020
Equity [Abstract]
Shares authorized (in shares)	50,000,000	50,000,000
Shares issues (in shares)	28,261,680	27,951,721
Treasury shares (in shares)	(3,102,801)	(3,083,503)
Shares outstanding (in shares)	25,158,879	24,868,218
Par value per share (in dollars per share)	$ 0.01	$ 0.01

Stock Based Compensation - Addi

Stock Based Compensation - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation	$ 20,315,000	$ 4,618,000	$ 3,654,000
Issuance of common stock pursuant to the employee stock purchase plan (in shares)	9,101
2014 Omnibus Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares approved for issuance (in shares)	2,450,000
2014 Omnibus Incentive Plan | Restricted Stock Awards (RSAs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation, fair value of shares vested	$ 6,604,000	1,988,000	$ 1,466,000
Total unrecognized compensation cost	$ 13,864,000
Weighted-average period to recognize cost	3 years 2 months 23 days
2014 Omnibus Incentive Plan | Restricted Stock Awards (RSAs) | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation, award vesting period	3 years
2014 Omnibus Incentive Plan | Restricted Stock Awards (RSAs) | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation, award vesting period	4 years
2014 Omnibus Incentive Plan | Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation, award vesting period	5 years
Weighted-average period to recognize cost	3 years 1 month 28 days
Total unrecognized compensation cost	$ 4,093,000
2014 Omnibus Incentive Plan | Market Based Performance Stock Units (Market Based PSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation cost	$ 1,693,000
Weighted-average period to recognize cost	1 year 10 months 2 days
2014 Omnibus Incentive Plan | Market Based Performance Stock Units (Market Based PSUs) | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation, award vesting period	3 years
Stock based compensation, award vesting percentage	0.00%
2014 Omnibus Incentive Plan | Market Based Performance Stock Units (Market Based PSUs) | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation, award vesting period	5 years
Stock based compensation, award vesting percentage	175.00%
2014 Omnibus Incentive Plan | Performance Based Performance Stock Units (Performance Based PSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation	$ 7,405,000	$ 0
Stock based compensation, award vesting period	3 years
Weighted-average period to recognize cost	1 year
2014 Omnibus Incentive Plan | Performance Based Performance Stock Units (Performance Based PSUs) | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation, award vesting percentage	0.00%
2014 Omnibus Incentive Plan | Performance Based Performance Stock Units (Performance Based PSUs) | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation cost	$ 12,991,000
Stock based compensation, award vesting percentage	200.00%
2014 Omnibus Incentive Plan | Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation, award vesting period	4 years
Weighted-average period to recognize cost	2 years 9 months 7 days
Total unrecognized compensation cost	$ 416,000
Employees stock options contractual terms	10 years
2019 Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock reserved for issuance (in shares)			2,500,000
Purchase price of common stock, percentage			85.00%
Purchase offering period			6 months

Stock Based Compensation - Summ

Stock Based Compensation - Summary of Changes in Company's Nonvested Awards (Details)	12 Months Ended
	Dec. 31, 2021$ / sharesshares
Restricted Stock Awards (RSAs)
Shares
Beginning balance (in shares) | shares	205,536
Granted (in shares) | shares	241,014
Vested (in shares) | shares	(78,017)
Forfeited (in shares) | shares	(5,129)
Ending balance (in shares) | shares	363,404
Weighted Average Grant Date Fair Value
Beginning balance (in dollars per share) | $ / shares	$ 29.17
Granted (in dollars per share) | $ / shares	89.06
Vested (in dollars per share) | $ / shares	34.08
Forfeited (in dollars per share) | $ / shares	48.41
Ending balance (in dollars per share) | $ / shares	$ 67.56
Restricted Stock Units (RSUs)
Shares
Beginning balance (in shares) | shares	89,713
Granted (in shares) | shares	32,757
Vested (in shares) | shares	0
Forfeited (in shares) | shares	0
Ending balance (in shares) | shares	122,470
Weighted Average Grant Date Fair Value
Beginning balance (in dollars per share) | $ / shares	$ 33.34
Granted (in dollars per share) | $ / shares	103.36
Vested (in dollars per share) | $ / shares	0
Forfeited (in dollars per share) | $ / shares	0
Ending balance (in dollars per share) | $ / shares	$ 52.07
Market Based Performance Stock Units (Market Based PSUs)
Shares
Beginning balance (in shares) | shares	85,611
Granted (in shares) | shares	13,520
Vested (in shares) | shares	0
Forfeited (in shares) | shares	(4,147)
Ending balance (in shares) | shares	94,984
Weighted Average Grant Date Fair Value
Beginning balance (in dollars per share) | $ / shares	$ 35.65
Granted (in dollars per share) | $ / shares	98.03
Vested (in dollars per share) | $ / shares	0
Forfeited (in dollars per share) | $ / shares	55.02
Ending balance (in dollars per share) | $ / shares	$ 43.68
Performance Based Performance Stock Units (Performance Based PSUs)
Shares
Beginning balance (in shares) | shares	256,625
Granted (in shares) | shares	9,000
Vested (in shares) | shares	0
Forfeited (in shares) | shares	(6,242)
Ending balance (in shares) | shares	259,383
Weighted Average Grant Date Fair Value
Beginning balance (in dollars per share) | $ / shares	$ 37.56
Granted (in dollars per share) | $ / shares	88.63
Vested (in dollars per share) | $ / shares	0
Forfeited (in dollars per share) | $ / shares	38.02
Ending balance (in dollars per share) | $ / shares	$ 39.32

Stock Based Compensation - Sche

Stock Based Compensation - Schedule of Market Based Performance Stock Units, Valuation Assumptions (Details) - Market Based Performance Stock Units (Market Based PSUs) - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant date	May 1, 2021	May 1, 2020	May 1, 2019
Performance period	3 years	3 years	3 years
Stock price (in dollars per share)	$ 88.63	$ 26.25	$ 30.82
Triumph stock price volatility	51.71%	43.02%	28.29%
Risk-free rate	0.35%	0.25%	2.25%

Stock Based Compensation - Su_2

Stock Based Compensation - Summary of Changes in Company's Stock Options (Details) - Stock Options $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)$ / sharesshares
Shares
Beginning balance (in shares) | shares	227,986
Granted (in shares) | shares	16,939
Exercised (in shares) | shares	(78,170)
Forfeited (in shares) | shares	0
Expired (in shares) | shares	0
Ending balance (in shares) | shares	166,755
Fully vested and shares expected to vest (in shares) | shares	166,755
Shares exercisable (in shares) | shares	103,994
Weighted Average Exercise Price
Beginning balance (in dollars per shares) | $ / shares	$ 25.16
Granted (in dollars per shares) | $ / shares	88.63
Exercised (in dollars per shares) | $ / shares	22.13
Forfeited (in dollars per shares) | $ / shares	0
Expired (in dollars per shares) | $ / shares	0
Ending balance (in dollars per shares) | $ / shares	33.34
Fully vested shares and shares expected to vest (in dollars per shares) | $ / shares	33.34
Shares exercisable (in dollars per shares) | $ / shares	$ 25.64
Outstanding, weighed average remaining contractual term	6 years 5 months 4 days
Fully vested shares and shares expected to vest, weighed average remaining contractual term	6 years 5 months 4 days
Shares exercisable, weighed average remaining contractual term	5 years 5 months 4 days
Outstanding, aggregate intrinsic value | $	$ 14,297
Fully vested shares and shares expected to vest, aggregate intrinsic value | $	14,297
Shares exercisable, aggregate intrinsic value | $	$ 9,717

Stock Based Compensation - Sc_2

Stock Based Compensation - Schedule of Information Related to Stock Options (Details) - Stock Options - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate intrinsic value of options exercised	$ 5,304	$ 940	$ 155
Cash received from option exercises	577	0	0
Tax benefit realized from option exercises	$ 1,114	$ 197	$ 33
Weighted average fair value of options granted (per share)	$ 35.37	$ 8.85	$ 10.03
Fair value of vested awards	$ 381	$ 471	$ 465

Stock Based Compensation - Fair

Stock Based Compensation - Fair Value of Stock Options Granted Using Weighted-Average Assumptions (Details) - Stock Options	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate	1.16%	0.46%	2.33%
Expected term	6 years 3 months	6 years 3 months	6 years 3 months
Expected stock price volatility	39.26%	33.83%	27.46%
Dividend yield	0.00%	0.00%	0.00%

Parent Company Only Condensed_3

Parent Company Only Condensed Financial Information - Condensed Parent Company Only Balance Sheets (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
ASSETS
Cash and cash equivalents	$ 383,178	$ 314,393
Securities - held to maturity	4,947	5,919
Other assets	98,449	73,991
Total assets	5,956,250	5,935,791
LIABILITIES AND EQUITY
Subordinated notes	106,957	87,509
Junior subordinated debentures	40,602	40,072
Total liabilities	5,097,386	5,209,010
Stockholders' equity	858,864	726,781	$ 636,590	$ 636,607
Total liabilities and stockholders' equity	5,956,250	5,935,791
Parent Company
ASSETS
Cash and cash equivalents	64,530	51,183
Securities - held to maturity	4,947	5,919
Investment in bank subsidiary	938,255	793,938
Investment in non-bank subsidiaries	894	4,592
Other assets	479	866
Total assets	1,009,105	856,498
LIABILITIES AND EQUITY
Subordinated notes	106,957	87,509
Junior subordinated debentures	40,602	40,072
Intercompany payables	128	178
Accrued expenses and other liabilities	2,554	1,958
Total liabilities	150,241	129,717
Stockholders' equity	858,864	726,781
Total liabilities and stockholders' equity	$ 1,009,105	$ 856,498

Parent Company Only Condensed_4

Parent Company Only Condensed Financial Information - Condensed Parent Company Only Statements of Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Condensed Income Statements, Captions [Line Items]
Interest income	$ 387,555	$ 322,115	$ 311,153
Interest expense	(18,425)	(37,387)	(55,250)
Credit loss (expense) benefit	8,830	(38,329)	(7,942)
Other income		50,627
Salaries and employee benefits expense	(173,951)	(126,975)	(112,862)
Other expense	(31,461)	(26,263)	(29,207)
Income tax (expense) benefit	(31,980)	(20,686)	(16,902)
Net income	112,974	64,024	58,544
Dividends on preferred stock	(3,206)	(1,701)	0
Net income available to common stockholders	109,768	62,323	58,544
Comprehensive income attributable to Parent	115,189	68,737	60,853
Parent Company
Condensed Income Statements, Captions [Line Items]
Interest income	100	270	1,163
Interest expense	(8,220)	(7,477)	(6,464)
Credit loss (expense) benefit	(56)	(1,899)	83
Other income	53	(20)	(187)
Salaries and employee benefits expense	(618)	(606)	(613)
Other expense	(2,379)	(2,376)	(2,069)
Income (loss) before income tax and income from subsidiaries	(11,120)	(12,108)	(8,087)
Income tax (expense) benefit	2,202	2,631	193
Dividends from subsidiaries and equity in undistributed subsidiary income	121,892	73,501	66,438
Net income	112,974	64,024	58,544
Dividends on preferred stock	(3,206)	(1,701)	0
Net income available to common stockholders	109,768	62,323	58,544
Comprehensive income attributable to Parent	$ 115,189	$ 68,737	$ 60,853

Parent Company Only Condensed_5

Parent Company Only Condensed Financial Information - Condensed Parent Company Only Statements of Cash Flows (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash flows from operating activities:
Net income	$ 112,974	$ 64,024	$ 58,544
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Net accretion of securities	(992)	(129)	205
Amortization of junior subordinated debentures	530	506	483
Amortization of subordinated notes issuance costs	1,224	182	116
Stock based compensation	20,315	4,618	3,654
Change in other assets	(8,684)	12,215	(14,991)
Net cash provided by (used in) operating activities	136,959	97,327	72,450
Cash flows from investing activities:
Proceeds from maturities, calls, and pay downs of securities held to maturity	1,003	693	993
Net cash provided by (used in) investing activities	77,656	(774,737)	(520,372)
Cash flows from financing activities:
Proceeds from issuance of subordinated notes, net	68,224	0	38,282
Repayment of subordinated notes	(50,000)	0	0
Issuance of common stock, net of issuance costs	0	0	0
Issuance of preferred stock, net of issuance costs	0	42,364	0
Dividends on preferred stock	(3,206)	(1,701)	0
Purchase of treasury stock	(1,241)	(35,772)	(64,524)
Stock option exercises	577	(227)	0
Proceeds from employee stock purchase plan common stock issuance	449	0	0
Net cash provided by (used in) financing activities	(145,830)	793,923	410,863
Net increase (decrease) in cash and cash equivalents	68,785	116,513	(37,059)
Cash and cash equivalents at end of period	383,178	314,393	197,880
Cash and cash equivalents at beginning of period	314,393	197,880	234,939
Parent Company
Cash flows from operating activities:
Net income	112,974	64,024	58,544
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Equity in undistributed subsidiary income	(121,892)	(58,501)	(35,938)
Net accretion of securities	(87)	(221)	(923)
Amortization of junior subordinated debentures	530	506	483
Amortization of subordinated notes issuance costs	1,224	182	116
Stock based compensation	420	315	315
Credit loss expense (benefit)	56	1,900	0
Change in other assets	387	337	2,438
Change in accrued expenses and other liabilities	546	505	(4,771)
Net cash provided by (used in) operating activities	(5,842)	9,047	20,264
Cash flows from investing activities:
Investment in subsidiaries	3,383	146	0
Proceeds from maturities, calls, and pay downs of securities held to maturity	1,003	693	993
Net change in loans	0	719	9,193
Net cash provided by (used in) investing activities	4,386	1,558	10,186
Cash flows from financing activities:
Proceeds from issuance of subordinated notes, net	68,224	0	38,282
Repayment of subordinated notes	(50,000)	0	0
Issuance of common stock, net of issuance costs	0	0	0
Issuance of preferred stock, net of issuance costs	0	42,364	0
Dividends on preferred stock	(3,206)	(1,701)	0
Purchase of treasury stock	(1,241)	(35,772)	(64,524)
Stock option exercises	577	(227)	0
Proceeds from employee stock purchase plan common stock issuance	449	0	0
Net cash provided by (used in) financing activities	14,803	4,664	(26,242)
Net increase (decrease) in cash and cash equivalents	13,347	15,269	4,208
Cash and cash equivalents at end of period	64,530	51,183	35,914
Cash and cash equivalents at beginning of period	$ 51,183	$ 35,914	$ 31,706

Earnings Per Share - Factors Us

Earnings Per Share - Factors Used in Computation of Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Basic
Net income to common stockholders	$ 109,768	$ 62,323	$ 58,544
Weighted average common shares outstanding (in shares)	24,736,713	24,387,932	25,941,395
Basic earnings per common share (in dollars per share)	$ 4.44	$ 2.56	$ 2.26
Diluted
Net income to common stockholders	$ 109,768	$ 62,323	$ 58,544
Weighted average common shares outstanding (in shares)	24,736,713	24,387,932	25,941,395
Dilutive effects of:
Average shares and dilutive potential common shares (in shares)	25,252,052	24,615,816	26,060,005
Diluted earnings per common share (in dollars per share)	$ 4.35	$ 2.53	$ 2.25
Stock Options
Dilutive effects of:
Stock based compensation (in shares)	130,198	64,104	63,808
Restricted Stock Awards
Dilutive effects of:
Stock based compensation (in shares)	170,276	86,498	47,242
Restricted Stock Units
Dilutive effects of:
Stock based compensation (in shares)	76,049	25,978	3,441
Market Based Performance Stock Units (Market Based PSUs)
Dilutive effects of:
Stock based compensation (in shares)	136,199	51,304	4,119
Performance Stock Units - Performance Based
Dilutive effects of:
Stock based compensation (in shares)	0	0	0
Employee Stock Purchase Plan
Dilutive effects of:
Stock based compensation (in shares)	2,617	0	0

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Shares not Considered in Computing Diluted Earnings per Common Share (Details) - shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Stock Options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares (in shares)	16,939	64,947	66,019
Restricted Stock Awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares (in shares)	8,463	0	0
Restricted Stock Units (RSUs)
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares (in shares)	15,000	0	0
Market Based Performance Stock Units (Market Based PSUs)
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares (in shares)	0	0	55,228
Performance Stock Units - Performance Based
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares (in shares)	259,383	256,625	254,000
Employee Stock Purchase Plan
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares (in shares)	0	0	0

Business Segment Information -

Business Segment Information - Banking Segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Total interest income	$ 387,555	$ 322,115	$ 311,153
Intersegment interest allocations	0	0	0
Total interest expense	18,425	37,387	55,250
Net interest income (expense)	369,130	284,728	255,903
Credit loss expense (benefit)	(8,830)	38,329	7,942
Net interest income after credit loss expense	377,960	246,399	247,961
Noninterest income	54,501	60,385	31,569
Gain on sale of subsidiary or division	0	9,758	0
Other income		50,627
Noninterest expense	287,507	222,074	204,084
Operating income (loss)	144,954	84,710	75,446
Total assets	5,956,250	5,935,791
Total	4,867,572	4,996,776
Operating Segments | Banking
Segment Reporting Information [Line Items]
Total interest income	189,621	207,978	210,528
Total interest expense	10,205	29,910	48,786
Net interest income (expense)	189,805	190,883	173,252
Credit loss expense (benefit)	(19,016)	20,217	5,465
Net interest income after credit loss expense	208,821	170,666	167,787
Noninterest income	33,447		26,825
Gain on sale of subsidiary or division		9,758
Other income		29,379
Noninterest expense	169,114	151,115	141,900
Operating income (loss)	73,154	58,688	52,712
Total assets	5,568,826	5,791,537
Total	4,444,136	4,788,093
Operating Segments | Factoring
Segment Reporting Information [Line Items]
Total interest income	185,741	109,391	98,247
Total interest expense	0	0	0
Net interest income (expense)	175,863	97,020	86,953
Credit loss expense (benefit)	9,691	16,042	2,486
Net interest income after credit loss expense	166,172	80,978	84,467
Noninterest income	13,005		4,727
Gain on sale of subsidiary or division		0
Other income		21,010
Noninterest expense	74,768	54,011	51,780
Operating income (loss)	104,409	47,977	37,414
Total assets	1,679,495	1,121,704
Total	1,546,361	1,036,548
Operating Segments | Payments
Segment Reporting Information [Line Items]
Total interest income	12,093	4,474	1,214
Total interest expense	0	0	0
Net interest income (expense)	11,582	4,030	998
Credit loss expense (benefit)	438	172	68
Net interest income after credit loss expense	11,144	3,858	930
Noninterest income	7,451		49
Gain on sale of subsidiary or division		0
Other income		125
Noninterest expense	39,769	12,880	6,720
Operating income (loss)	(21,174)	(8,897)	(5,741)
Total assets	293,212	115,836
Total	153,176	84,222
Operating Segments | Corporate
Segment Reporting Information [Line Items]
Total interest income	100	272	1,164
Total interest expense	8,220	7,477	6,464
Net interest income (expense)	(8,120)	(7,205)	(5,300)
Credit loss expense (benefit)	57	1,898	(77)
Net interest income after credit loss expense	(8,177)	(9,103)	(5,223)
Noninterest income	598		(32)
Gain on sale of subsidiary or division		0
Other income		113
Noninterest expense	3,856	4,068	3,684
Operating income (loss)	(11,435)	(13,058)	(8,939)
Total assets	1,009,998	861,967
Total	700	800
Eliminations
Segment Reporting Information [Line Items]
Total assets	(2,595,281)	(1,955,253)
Total	(1,276,801)	(912,887)
Eliminations | Banking
Segment Reporting Information [Line Items]
Intersegment interest allocations	10,389	12,815	11,510
Eliminations | Factoring
Segment Reporting Information [Line Items]
Intersegment interest allocations	(9,878)	(12,371)	(11,294)
Eliminations | Payments
Segment Reporting Information [Line Items]
Intersegment interest allocations	(511)	(444)	(216)
Eliminations | Corporate
Segment Reporting Information [Line Items]
Intersegment interest allocations	$ 0	$ 0	$ 0

Subsequent Events (Details)

Subsequent Events (Details)	Feb. 07, 2022shares
Subsequent Event | Common Stock
Subsequent Event [Line Items]
Authorized repurchase of common stock (in shares)	50,000,000