Triumph Financial (TFIN) 10-Q 25 Apr 23 2023 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2023	Apr. 21, 2023
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2023
Document Transition Report	false
Entity File Number	001-36722
Entity Registrant Name	TRIUMPH FINANCIAL, 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 Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		23,370,805
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Entity Central Index Key	0001539638
Current Fiscal Year End Date	--12-31
Common Stock
Document Information [Line Items]
Title of 12(b) Security	Common stock, par value $0.01 per share
Trading Symbol	TFIN
Security Exchange Name	NASDAQ
Depositary Shares
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares Each Representing a 1/40th Interest in a Share of 7.125% Series C Fixed-Rate Non-Cumulative Perpetual Preferred Stock
Trading Symbol	TFINP
Security Exchange Name	NASDAQ

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
ASSETS
Cash and due from banks	$ 83,204	$ 133,889
Interest bearing deposits with other banks	334,511	274,293
Total cash and cash equivalents	417,715	408,182
Securities - equity investments with readily determinable fair values	4,498	5,191
Securities - available for sale	317,097	254,504
Securities - held to maturity, net of allowance for credit losses of $2,585 and $2,444, respectively, fair value of $5,184 and $5,476, respectively	3,868	4,077
Loans held for sale	3,954	5,641
Loans, net of allowance for credit losses of $42,245 and $42,807, respectively	4,267,761	4,077,484
Federal Home Loan Bank and other restricted stock	24,506	6,252
Premises and equipment, net	115,639	103,339
Goodwill	233,709	233,709
Intangible assets, net	32,250	32,058
Bank-owned life insurance	41,594	41,493
Deferred tax asset, net	11,562	16,473
Other assets	154,032	145,380
Total assets	5,628,185	5,333,783
Deposits
Noninterest bearing	1,727,749	1,756,680
Interest bearing	2,311,245	2,414,656
Total deposits	4,038,994	4,171,336
Customer repurchase agreements	3,208	340
Federal Home Loan Bank advances	530,000	30,000
Subordinated notes	108,016	107,800
Junior subordinated debentures	41,299	41,158
Other liabilities	79,452	94,178
Total liabilities	4,800,969	4,444,812
Commitments and contingencies - See Note 8 and Note 9
Stockholders' equity - See Note 12
Preferred stock	45,000	45,000
Common stock, 23,370,515 and 24,053,585 shares outstanding, respectively	287	283
Additional paid-in-capital	539,241	534,790
Treasury stock, at cost	(260,453)	(182,658)
Retained earnings	508,665	498,456
Accumulated other comprehensive income (loss)	(5,524)	(6,900)
Total stockholders’ equity	827,216	888,971
Total liabilities and stockholders' equity	$ 5,628,185	$ 5,333,783

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Allowance for credit losses	$ 2,585	$ 2,444	$ 2,455	$ 2,082
Fair Value	5,184	5,476
Allowance for credit losses	$ 42,245	$ 42,807
Common stock, outstanding (in shares)	23,370,515	24,053,585

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Interest and dividend income:
Loans, including fees	$ 52,538	$ 40,847
Factored receivables, including fees	40,904	61,206
Securities	4,113	1,178
FHLB and other restricted stock	125	76
Cash deposits	2,994	128
Total interest income	100,674	103,435
Interest expense:
Deposits	3,202	1,561
Subordinated notes	1,309	1,299
Junior subordinated debentures	1,034	454
Other borrowings	1,747	42
Total interest expense	7,292	3,356
Net interest income (expense)	93,382	100,079
Credit loss expense (benefit)	2,613	501
Net interest income after credit loss expense (benefit)	90,769	99,578
Noninterest income:
Net OREO gains (losses) and valuation adjustments	0	(132)
Net gains (losses) on sale of loans	(84)	(66)
Insurance commissions	1,593	1,672
Other	(318)	(30)
Total noninterest income	11,022	11,121
Noninterest expense:
Salaries and employee benefits	54,686	46,284
Occupancy, furniture and equipment	6,703	6,436
FDIC insurance and other regulatory assessments	345	411
Professional fees	3,085	3,659
Amortization of intangible assets	2,850	3,108
Advertising and promotion	1,344	1,202
Communications and technology	10,852	9,112
Other	9,416	8,352
Total noninterest expense	89,281	78,564
Net income before income tax expense	12,510	32,135
Income tax expense	1,500	7,806
Net income	11,010	24,329
Dividends on preferred stock	(801)	(801)
Net income available to common stockholders	$ 10,209	$ 23,528
Earnings per common share
Basic (in dollars per share)	$ 0.44	$ 0.95
Diluted (in dollars per share)	$ 0.43	$ 0.93
Service charges on deposits
Noninterest income:
Revenue	$ 1,713	$ 1,963
Card income
Noninterest income:
Revenue	1,968	2,011
Fee income
Noninterest income:
Revenue	$ 6,150	$ 5,703

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 11,010	$ 24,329
Unrealized gains (losses) on securities:
Unrealized holding gains (losses) arising during the period	1,748	(2,901)
Tax effect	(372)	690
Unrealized holding gains (losses) arising during the period, net of taxes	1,376	(2,211)
Reclassification of amount realized through sale or call of securities	0	0
Tax effect	0	0
Reclassification of amount realized through sale or call of securities, net of taxes	0	0
Change in unrealized gains (losses) on securities, net of tax	1,376	(2,211)
Unrealized gains (losses) on derivative financial instruments:
Unrealized holding gains (losses) arising during the period	0	3,152
Tax effect	0	(754)
Unrealized holding gains (losses) arising during the period, net of taxes	0	2,398
Reclassification of amount of (gains) losses recognized into income	0	(217)
Tax effect	0	53
Reclassification of amount of (gains) losses recognized into income, net of taxes	0	(164)
Change in unrealized gains (losses) on derivative financial instruments	0	2,234
Total other comprehensive income (loss)	1,376	23
Comprehensive income	$ 12,386	$ 24,352

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Preferred Stock	Common Stock	Additional Paid-in- Capital	Treasury Stock	Retained Earnings	Accumulated Other Comprehensive Income (Loss)
Beginning Balance at Dec. 31, 2021	$ 858,864	$ 45,000	$ 283	$ 510,939	$ (104,743)	$ 399,351	$ 8,034
Beginning balance, common stock (in shares) at Mar. 31, 2022			25,161,690
Beginning balance, treasury stock (in shares) at Dec. 31, 2021					3,102,801
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of restricted stock awards (in shares)			5,502
Issuance of restricted stock awards	0
Stock option exercises, net (in shares)			2,021
Stock option exercises, net	(74)			(74)
Issuance of common stock pursuant to the Employee Stock Purchase Plan (in shares)			10,585
Issuance of common stock pursuant to the Employee Stock Purchase Plan	688			688
Stock based compensation	4,952			4,952
Forfeiture of restricted stock awards (in shares)			(487)		(487)
Forfeiture of restricted stock awards	0			46	$ (46)
Purchase of treasury stock, net (in shares)			(14,810)		(14,810)
Purchase of treasury stock, net	(1,316)				$ (1,316)
Dividends on preferred stock	(801)					(801)
Net income	24,329					24,329
Other comprehensive income (loss)	23						23
Ending Balance at Mar. 31, 2022	886,665	45,000	$ 283	516,551	$ (106,105)	422,879	8,057
Ending balance, common stock (in shares) at Dec. 31, 2021			25,158,879
Ending balance, treasury stock (in shares) at Mar. 31, 2022					3,118,098
Beginning Balance at Dec. 31, 2022	$ 888,971	45,000	$ 283	534,790	$ (182,658)	498,456	(6,900)
Beginning balance, common stock (in shares) at Mar. 31, 2023	23,370,515		23,370,515
Beginning balance, treasury stock (in shares) at Dec. 31, 2022	4,268,131				4,268,131
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of restricted stock awards (in shares)			6,852
Issuance of restricted stock awards	$ 0
Vesting of restricted stock units (in shares)			366,892
Vesting of restricted stock units	0		$ 4	(4)
Stock option exercises, net (in shares)			758
Stock option exercises, net	(33)			(33)
Issuance of common stock pursuant to the Employee Stock Purchase Plan (in shares)			21,057
Issuance of common stock pursuant to the Employee Stock Purchase Plan	997			997
Stock based compensation	2,881			2,881
Forfeiture of restricted stock awards (in shares)			(10,961)		(10,961)
Forfeiture of restricted stock awards	0			610	$ (610)
Purchase of treasury stock, net (in shares)			(1,067,668)		(1,067,668)
Purchase of treasury stock, net	(77,185)				$ (77,185)
Dividends on preferred stock	(801)					(801)
Net income	11,010					11,010
Other comprehensive income (loss)	1,376						1,376
Ending Balance at Mar. 31, 2023	$ 827,216	$ 45,000	$ 287	$ 539,241	$ (260,453)	$ 508,665	$ (5,524)
Ending balance, common stock (in shares) at Dec. 31, 2022	24,053,585		24,053,585
Ending balance, treasury stock (in shares) at Mar. 31, 2023	5,346,760				5,346,760

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Cash flows from operating activities:
Net income	$ 11,010	$ 24,329
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation	3,084	2,950
Net accretion on loans	(1,810)	(1,536)
Amortization of subordinated notes issuance costs	216	212
Amortization of junior subordinated debentures	141	135
Net (accretion) amortization on securities	(202)	(242)
Amortization of intangible assets	2,850	3,108
Deferred taxes	4,540	(127)
Credit loss expense (benefit)	2,613	501
Stock based compensation	2,881	4,952
Net (gains) losses on equity securities	(90)	419
Net OREO (gains) losses and valuation adjustments	0	132
Origination of loans held for sale	(1,101)	(4,300)
Proceeds from sale of loans originated or purchased for sale	1,110	3,874
Net (gains) losses on sale of loans	84	66
Net change in operating leases	(3)	(19)
(Increase) decrease in other assets	(9,408)	9,121
Increase (decrease) in other liabilities	(14,888)	7,550
Net cash provided by (used in) operating activities	1,027	51,125
Cash flows from investing activities:
Proceeds from sales of equity securities	783	0
Purchases of securities available for sale	(64,507)	(29,131)
Proceeds from maturities, calls, and pay downs of securities available for sale	3,820	17,415
Proceeds from maturities, calls, and pay downs of securities held to maturity	112	213
Purchases of loans held for investment	(9,208)	(38,113)
Proceeds from sale of loans	34,687	7,444
Net change in loans	(214,005)	(58,730)
Purchases of premises and equipment, net	(15,384)	(2,579)
Net proceeds from sale of OREO	0	9
(Purchases) redemptions of FHLB and other restricted stock, net	(18,254)	(2,050)
Acquired intangible assets	(3,042)	0
Net cash provided by (used in) investing activities	(284,998)	(105,522)
Cash flows from financing activities:
Net increase (decrease) in deposits	(132,342)	62,805
Increase (decrease) in customer repurchase agreements	2,868	765
Increase (decrease) in Federal Home Loan Bank advances	500,000	50,000
Repayment of other borrowings	0	(27,144)
Preferred dividends	(801)	(801)
Stock option exercises, net	(33)	(74)
Proceeds from employee stock purchase plan common stock issuance	997	688
Purchase of treasury stock, net	(77,185)	(1,316)
Net cash provided by (used in) financing activities	293,504	84,923
Net increase (decrease) in cash and cash equivalents	9,533	30,526
Cash and cash equivalents at beginning of period	408,182	383,178
Cash and cash equivalents at end of period	417,715	413,704
Supplemental cash flow information:
Interest paid	5,747	3,405
Income taxes paid, net	1,905	70
Cash paid for operating lease liabilities	1,293	1,192
Supplemental noncash disclosures:
Loans held for investment transferred to loans held for sale	33,147	1,932
Assets transferred to assets held for sale	0	260,085
Deposits transferred to deposits held for sale	0	377,698
Lease liabilities arising from obtaining right-of-use assets	$ 455	$ 0

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations Triumph Financial, Inc. (collectively with its subsidiaries, “Triumph Financial”, 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 Triumph Financial Services LLC ("Triumph Financial Services"), and TBK Bank’s wholly owned subsidiary Triumph Insurance Group, Inc. (“TIG”). TriumphPay operates as a division of TBK Bank, SSB. Basis of Presentation The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with United States Generally Accepted Accounting Principles (“GAAP”) for interim financial information and in accordance with guidance provided by the Securities and Exchange Commission (“SEC”). Accordingly, the condensed financial statements do not include all of the information and footnotes required by GAAP for complete financial statements. The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all normal and recurring adjustments considered necessary for a fair presentation. Transactions between the subsidiaries have been eliminated. These condensed consolidated financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2022. Operating results for the three months ended March 31, 2023 are not necessarily indicative of the results that may be expected for the year ending December 31, 2023. 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 considers 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 Financial, 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 Triumph Financial Services with revenue derived from factoring services. The Payments segment includes the operations of the TBK Bank's TriumphPay division, which is the payments network for 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 as well as management and administrative expenses that support the overall operations of the Company such as human resources, accounting, finance, risk management and information technology expense. For further discussion of management's operating segments and allocation methodology, see Note 16 – Business Segment Information. Adoption of New Accounting Standards In March 2022, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2022-02, "Financial Instruments – Credit Losses (Topic 326), Troubled Debt Restructurings and Vintage Disclosures" ("ASU 2022-02"). ASU 2022-02 eliminates the accounting guidance for troubled debt restructurings ("TDRs") in ASC 310-40, "Receivables - Troubled Debt Restructurings by Creditors" for entities that have adopted the current expected credit loss ("CECL") model introduced by ASU 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” (ASU 2016-13"). ASU 2022-02 also requires that public business entities disclose current-period gross charge-offs by year of origination for financing receivables and net investments in leases within the scope of Subtopic 326-20, "Financial Instruments—Credit Losses—Measured at Amortized Cost".

Acquisitions and Divestitures

Acquisitions and Divestitures	3 Months Ended
	Mar. 31, 2023
Business Combination and Asset Acquisition [Abstract]
Acquisitions and Divestitures	ACQUISITIONS AND DIVESTITURES Equipment Loan Sale During the quarter ended June 30, 2022, the Company made the decision to sell a portfolio of equipment loans for cash consideration. The sale closed on June 23, 2022. A summary of the carrying amount of the assets sold and the gain on sale is as follows: (Dollars in thousands) Equipment loans $ 191,167 Accrued interest receivable $ 1,587 Assets sold $ 192,754 Cash consideration $ 197,454 Return of premium liability $ (708) Total consideration $ 196,746 Transaction costs $ 73 Gain on sale, net of transaction costs $ 3,919 The associated agreement contains a provision that in the event that a sold loan is prepaid in full prior to the due date of the final scheduled contractual payment, the Company will return a pro-rata portion of the premium calculated as of the date of such prepayment in full. As this transaction qualified as a sale of a group of entire financial assets, management must recognize, as proceeds, any assets obtained and liabilities incurred. Thus, management recorded a $708,000 liability for the potential return of premium measured at fair value as of the date of close. Management has elected the fair value option to account for the liability. It is recorded in other liabilities in the Company's Consolidated Balance Sheet and is marked to fair value through earnings at each reporting period. For further discussion of changes in the fair value of the return of premium liability and the period end balance, see Note 10 – Fair Value Disclosures. The gain on sale, net of transaction costs, was included in net gains (losses) on sale of loans in the Company’s Consolidated Statements of Income during the three months ended June 30, 2022 and was allocated to the Banking segment. Factored Receivable Disposal Group On June 30, 2022 and September 6, 2022, the Company entered into and closed two separate agreements to sell two separate portfolios of factored receivables. A summary of the carrying amounts of the assets and liabilities sold and the gains on sale are as follows: (Dollars in thousands) June 30, 2022 September 6, 2022 Total Factored receivables $ 67,888 $ 20,131 $ 88,019 Accrued interest and fee income — 17 17 Assets held for sale $ 67,888 $ 20,148 $ 88,036 Customer reserve noninterest bearing deposits $ 9,682 $ 1,149 $ 10,831 Liabilities held for sale $ 9,682 $ 1,149 $ 10,831 Net assets sold $ 58,206 $ 18,999 $ 77,205 Cash consideration $ 66,292 $ 19,054 $ 85,346 Revenue share asset 5,210 1,027 6,237 Total consideration $ 71,502 $ 20,081 $ 91,583 Transaction costs 82 49 131 Gain on sale, net of transaction costs $ 13,214 $ 1,033 $ 14,247 The June 30, 2022 and September 6, 2022 agreements contain revenue share provisions that entitle the Company to amounts equal to fifteen percent and a range of fifteen to twenty percent, depending on client, respectively, of the future gross monthly revenue of the clients associated with the sold factored receivable portfolios. As these transactions qualified as sales of a group of entire financial assets, management recognized, as proceeds, the assets obtained and liabilities incurred. Thus, management recorded revenue share assets for the contractual right to receive future cash flows from a third party measured at fair value as of the date of close for the June 30, 2022 and September 6, 2022 agreements totaling $5,210,000 and $1,027,000, respectively. These are financial assets for which management elected the fair value option. They are recorded in other assets in the Company's Consolidated Balance Sheet and are marked to fair value through earnings at each reporting period. For further discussion of changes in the fair value of the revenue share provisions and the period end balance, see Note 10 – Fair Value Disclosures. The gains on sale, net of transaction costs, were included in net gains (losses) on sale of loans in the Company’s Consolidated Statements of Income during the three months ended June 30, 2022 and September 30, 2022, respectively, and were allocated to the Factoring segment.

Securities

Securities	3 Months Ended
	Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Securities	SECURITIES Equity Securities With Readily Determinable Fair Values The Company held equity securities with readily determinable fair values of $4,498,000 and $5,191,000 at March 31, 2023 and December 31, 2022, respectively. The gross realized and unrealized gains and losses recognized on equity securities with readily determinable fair values in noninterest income in the Company’s consolidated statements of income were as follows: Three Months Ended March 31, (Dollars in thousands) 2023 2022 Unrealized gains (losses) on equity securities held at the reporting date $ 72 $ (419) Realized gains (losses) on equity securities sold during the period 18 — $ 90 $ (419) Equity Securities Without Readily Determinable Fair Values The following table summarizes the Company's investments in equity securities without readily determinable fair values: (Dollars in thousands) March 31, 2023 December 31, 2022 Equity Securities without readily determinable fair value, at cost $ 57,349 $ 39,019 Upward adjustments based on observable price changes, cumulative 10,163 10,163 Equity Securities without readily determinable fair value, carrying value $ 67,512 $ 49,182 Equity securities without readily determinable fair values include Federal Home Loan Bank and other restricted stock, which are reported separately in the Company's consolidated balance sheets. Equity securities without readily determinable fair values also include the Company's investment in the common stock of Warehouse Solutions Inc. discussed below and other investments, which are included in other assets in the Company's consolidated balance sheets. There were no realized or unrealized gains or losses recognized on equity securities without readily determinable fair values during the three months ended March 31, 2023 and 2022. 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. Although the Company held less than 20% of the voting stock of WSI, the investment in common stock was initially accounted for using the equity method as the Company’s representation on WSI’s board of directors, which was disproportionately larger in size than the common stock investment held, demonstrated that it had significant influence over the investee. On June 10, 2022, the Company entered into two separate agreements with WSI. First, the Company entered into an Affiliate Agreement. The Affiliate Agreement canceled the Company’s outstanding warrants and modified the structure of the existing operating agreement to be consistent with TriumphPay operating as an open loop payments network. By modifying the operating agreement, the Company’s Payments segment operations now have greater ability to operate in the freight shipper audit space. As a result of the Affiliate Agreement, the Company recognized a total loss on impairment of the warrants of $3,224,000, which represented the full book balance of the warrants on the date the Affiliate Agreement was executed. The impairment loss was included in other noninterest income on the Company's consolidated statements of income during the three months ended June 30, 2022. Separately, the Company also entered into an Amended and Restated Investor Rights Agreement (the “Investor Rights Agreement”). The Investor Rights Agreement eliminated the Company’s representation on WSI’s board of directors making the Company a completely passive investor. The Investor Rights Agreement also provided for the Company’s purchase of an additional 10% of WSI’s common stock for $23,000,000 raising the Company’s ownership of WSI’s common stock to 18%. As a passive investor, the Company no longer holds significant influence over the investee and the investment in WSI’s common stock no longer qualifies for equity method accounting. The investment in WSI’s common stock is now accounted for as an equity investment without a readily determinable fair value measured under the measurement alternative. The measurement alternative requires the Company to remeasure its investment in the common stock of WSI only upon the execution of an orderly and observable transaction in an identical or similar instrument. The Company's additional investment in WSI under the Investor Rights Agreement qualified as an orderly and observable transaction for an identical investment in WSI, therefore the fair value of the Company's original 8% common stock investment was required to be adjusted from $4,925,000 at March 31, 2022 to $15,088,000, resulting in a gain of $10,163,000 that was recorded in other noninterest income on the Company's consolidated statements of income during the three months ended June 30, 2022. The Company's investment in WSI totaled $38,088,000 at March 31, 2023 and December 31, 2022 and has been allocated to the Payments segment. 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 Fair March 31, 2023 Available for sale securities: Mortgage-backed securities, residential $ 52,316 $ 80 $ (4,441) $ — $ 47,955 Asset-backed securities 6,333 — (40) — 6,293 State and municipal 13,462 6 (51) — 13,417 CLO securities 249,620 281 (3,032) — 246,869 Corporate bonds 769 2 (1) — 770 SBA pooled securities 1,864 19 (90) — 1,793 Total available for sale securities $ 324,364 $ 388 $ (7,655) $ — $ 317,097 (Dollars in thousands) Amortized Gross Gross Fair March 31, 2023 Held to maturity securities: CLO securities $ 6,453 $ 332 $ (1,601) $ 5,184 Allowance for credit losses (2,585) Total held to maturity securities, net of ACL $ 3,868 (Dollars in thousands) Amortized Gross Gross Allowance for Credit Losses Fair December 31, 2022 Available for sale securities: Mortgage-backed securities, residential $ 55,329 $ 235 $ (4,931) $ — $ 50,633 Asset-backed securities 6,389 — (58) — 6,331 State and municipal 13,553 1 (116) — 13,438 CLO Securities 185,068 161 (4,218) — 181,011 Corporate bonds 1,270 1 (8) — 1,263 SBA pooled securities 1,910 29 (111) — 1,828 Total available for sale securities $ 263,519 $ 427 $ (9,442) $ — $ 254,504 (Dollars in thousands) Amortized Gross Gross Fair December 31, 2022 Held to maturity securities: CLO securities $ 6,521 $ 458 $ (1,503) $ 5,476 Allowance for credit losses (2,444) Total held to maturity securities, net of ACL $ 4,077 The amortized cost and estimated fair value of securities at March 31, 2023, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers 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 $ 1,329 $ 1,326 $ — $ — Due from one year to five years 1,949 1,932 — — Due from five years to ten years 71,056 69,699 6,453 5,184 Due after ten years 189,517 188,099 — — 263,851 261,056 6,453 5,184 Mortgage-backed securities, residential 52,316 47,955 — — Asset-backed securities 6,333 6,293 — — SBA pooled securities 1,864 1,793 — — $ 324,364 $ 317,097 $ 6,453 $ 5,184 There were no sales of securities during the three months ended March 31, 2023 and 2022. Debt securities with a carrying amount of approximately $67,514,000 and $93,813,000 at March 31, 2023 and December 31, 2022, 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 $3,188,000 and $2,593,000 at March 31, 2023 and December 31, 2022, respectively, and was included in other assets on the Company's consolidated balance sheets. There was no accrued interest related to debt securities reversed against interest income for the three months ended March 31, 2023 and 2022. 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 March 31, 2023 Available for sale securities: Mortgage-backed securities, residential $ 20,508 $ (1,086) $ 19,774 $ (3,355) $ 40,282 $ (4,441) Asset-backed securities 4,994 (6) 1,300 (34) 6,294 (40) State and municipal 11,348 (35) 486 (16) 11,834 (51) CLO securities 98,287 (590) 77,951 (2,442) 176,238 (3,032) Corporate bonds 500 (1) — — 500 (1) SBA pooled securities 1 — 1,239 (90) 1,240 (90) $ 135,638 $ (1,718) $ 100,750 $ (5,937) $ 236,388 $ (7,655) Less than 12 Months 12 Months or More Total (Dollars in thousands) Fair Unrealized Fair Unrealized Fair Unrealized December 31, 2022 Available for sale securities: Mortgage-backed securities, residential $ 26,030 $ (1,507) $ 15,828 $ (3,424) $ 41,858 $ (4,931) Asset-backed securities 1,337 (52) 4,994 (6) 6,331 (58) State and municipal 12,680 (116) — — 12,680 (116) CLO Securities 151,572 (3,407) 19,439 (811) 171,011 (4,218) Corporate bonds 261 (8) — — 261 (8) SBA pooled securities 1,262 (111) — — 1,262 (111) $ 193,142 $ (5,201) $ 40,261 $ (4,241) $ 233,403 $ (9,442) 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 March 31, 2023, the Company had 135 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 March 31, 2023, 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 the Company carried no allowance for credit losses on available for sale debt securities at March 31, 2023. The following table presents the activity in the allowance for credit losses for held to maturity debt securities: (Dollars in thousands) Three Months Ended March 31, Held to Maturity CLO Securities 2023 2022 Allowance for credit losses: Beginning balance $ 2,444 $ 2,082 Credit loss expense 141 373 Allowance for credit losses ending balance $ 2,585 $ 2,455 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 March 31, 2023 and December 31, 2022, 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. At March 31, 2023, $4,962,000 of the Company’s held to maturity securities were classified as nonaccrual.

Loans and Allowance for Credit

Loans and Allowance for Credit Losses	3 Months Ended
	Mar. 31, 2023
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) March 31, 2023 December 31, 2022 Commercial $ 3,954 $ 5,641 Total loans held for sale $ 3,954 $ 5,641 Loans Held for Investment Loans The following table presents the amortized cost and unpaid principal balance of loans held for investment: March 31, 2023 December 31, 2022 (Dollars in thousands) Amortized Unpaid Difference Amortized Unpaid Difference Commercial real estate $ 695,160 $ 696,121 $ (961) $ 678,144 $ 679,239 $ (1,095) Construction, land development, land 98,311 98,676 (365) 90,976 91,147 (171) 1-4 family residential 132,010 132,218 (208) 125,981 126,185 (204) Farmland 67,596 67,797 (201) 68,934 69,185 (251) Commercial 1,239,952 1,249,394 (9,442) 1,251,110 1,262,493 (11,383) Factored receivables 1,178,104 1,182,374 (4,270) 1,237,449 1,241,032 (3,583) Consumer 8,913 8,915 (2) 8,868 8,871 (3) Mortgage warehouse 889,960 889,960 — 658,829 658,829 — Total loans held for investment 4,310,006 $ 4,325,455 $ (15,449) 4,120,291 $ 4,136,981 $ (16,690) Allowance for credit losses (42,245) (42,807) $ 4,267,761 $ 4,077,484 The difference between the amortized cost and the unpaid principal is due to (1) premiums and discounts associated with acquired loans totaling $11,009,000 and $13,383,000 at March 31, 2023 and December 31, 2022, respectively, and (2) net deferred origination and factoring fees totaling $4,440,000 and $3,307,000 at March 31, 2023 and December 31, 2022, respectively. Accrued interest on loans, which is excluded from the amortized cost of loans held for investment, totaled $21,751,000 and $19,279,000 at March 31, 2023 and December 31, 2022, respectively, and was included in other assets on the Company's consolidated balance sheets. At March 31, 2023 and December 31, 2022, the Company had $203,171,000 and $249,288,000, respectively, of customer reserves associated with factored receivables. These amounts represent customer reserves 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, are periodically released to or withdrawn by customers, and are reported as deposits in the consolidated balance sheets. At March 31, 2023 and December 31, 2022 the balance of the Over-Formula Advance Portfolio, acquired from Transport Financial Solutions during 2020, included in factored receivables was $7,772,000 and $8,202,000, respectively. These balances were fully reserved as of those respective dates. At March 31, 2023 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 Portfolio 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 us by such customer as required. The USPS disputes their obligation to make such payment, citing purported deficiencies in the notices delivered to them. We are a party to 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 us. Based on our legal analysis and discussions with our counsel advising us on this matter, we continue to believe it is probable that we will prevail in such action and that the USPS will have the capacity to make payment on such receivable. Consequently, we have not reserved for such balance as of March 31, 2023. Loans with carrying amounts of $1,517,997,000 and $1,356,922,000 at March 31, 2023 and December 31, 2022, respectively, were pledged to secure Federal Home Loan Bank borrowing capacity, Paycheck Protection Program Liquidity Facility borrowings and Federal Reserve Bank discount window borrowing capacity. 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 Charge-offs Recoveries Ending Three months ended March 31, 2023 Commercial real estate $ 4,459 $ (237) $ — $ 70 $ 4,292 Construction, land development, land 1,155 (17) — 1 1,139 1-4 family residential 838 169 (5) 2 1,004 Farmland 483 (11) — — 472 Commercial 15,918 947 (222) 40 16,683 Factored receivables 19,121 550 (2,293) 203 17,581 Consumer 175 21 (138) 127 185 Mortgage warehouse 658 231 — — 889 $ 42,807 $ 1,653 $ (2,658) $ 443 $ 42,245 (Dollars in thousands) Beginning Credit Loss Charge-offs Recoveries Ending Three months ended March 31, 2022 Commercial real estate $ 3,961 $ (340) $ (108) $ 14 $ 3,527 Construction, land development, land 827 73 — 1 901 1-4 family residential 468 (21) — 3 450 Farmland 562 (441) — — 121 Commercial 14,485 (607) (724) 61 13,215 Factored receivables 20,915 2,235 (708) 29 22,471 Consumer 226 41 (111) 19 175 Mortgage warehouse 769 (76) — — 693 $ 42,213 $ 864 $ (1,651) $ 127 $ 41,553 The decrease in required ACL during the three months ended March 31, 2023 is a function of net charge-offs of $2,215,000 and credit loss expense of $1,653,000. 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 PPP), 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. The Company also forecasts prepayments speeds for use in the DCF models with higher prepayment speeds resulting in lower required ACL levels and vice versa for shorter prepayment speeds. These assumed prepayment speeds are based upon our historical prepayment speeds by loan type adjusted for the expected impact of the future interest rate environment. The impact of these assumed prepayment speeds is lesser in magnitude than the aforementioned loss driver assumptions. For all DCF models at March 31, 2023, 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 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 the Company when developing the forecast metrics. At March 31, 2023 as compared to December 31, 2022, the Company forecasted a slight decrease national unemployment, a steeper decrease in one-year percentage change in national retail sales, a steeper decrease in one-year percentage change in the national home price index, and a minimal change in one-year percentage change in national gross domestic product. At March 31, 2023 for national unemployment, the Company projected a low percentage in the first quarter followed by a gradual rise in the following three quarters. For percentage change in national retail sales, the Company projected a near-zero level in the first projected quarter followed by a decline to negative levels over the last three projected quarters to a level below recent actual periods. For percentage changes in national home price index and national gross domestic product, the Company projected declines over the last three projected quarters to negative levels below recent actual periods. At March 31, 2023, the Company slowed its historical prepayment speeds in response to the expected interest rate environment in the macro economy. The Company uses a loss-rate method to estimate expected credit losses for the farmland, liquid credit, 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 three months ended March 31, 2023, changes in projected loss drivers and prepayment assumptions over the reasonable and supportable forecast period increased the required ACL by $383,000. Decreases in required specific reserves decreased the required ACL at March 31, 2023 by $911,000. Changes in loan volume and mix during the three months ended March 31, 2023 did not have a material impact on the ACL during the period. Net charge-offs during the period were $2,215,000. For the three months ended March 31, 2022, changes in projected loss drivers and prepayment assumptions over the reasonable and supportable forecast period decreased the required ACL by $1,017,000. Increases in required specific reserves increased the required ACL at March 31, 2022 by $879,000. Changes in loan volume and mix during the three months ended March 31, 2022 decreased the required ACL by $522,000. Net charge-offs during the period were $1,524,000. 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 March 31, 2023 Commercial real estate $ 563 $ — $ — $ 2,299 $ 2,862 $ 32 Construction, land development, land — — — — — — 1-4 family residential 1,180 — — 45 1,225 126 Farmland 419 — 104 131 654 — Commercial 112 — 3,213 10,203 13,528 5,402 Factored receivables — 39,481 — — 39,481 11,701 Consumer — — — 89 89 — Mortgage warehouse — — — — — — Total $ 2,274 $ 39,481 $ 3,317 $ 12,767 $ 57,839 $ 17,261 At March 31, 2023 the balance of the Over-Formula Advance Portfolio included in factored receivables was $7,772,000 and was fully reserved. At March 31, 2023 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, 2022 Commercial real estate $ 1,003 $ — $ — $ 140 $ 1,143 $ 283 Construction, land development, land 150 — — — 150 — 1-4 family residential 1,342 — — 49 1,391 108 Farmland 196 — 108 96 400 — Commercial 193 — 5,334 10,370 15,897 4,737 Factored receivables — 42,409 — — 42,409 13,042 Consumer — — — 91 91 — Mortgage warehouse — — — — — — Total $ 2,884 $ 42,409 $ 5,442 $ 10,746 $ 61,481 $ 18,170 At December 31, 2022 the balance of the Over-Formula Advance Portfolio included in factored receivables was $8,202,000 and carried an ACL allocation of $8,202,000. At December 31, 2022 the balance of Misdirected Payments included in factored receivables was $19,361,000 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 Current Total Past Due 90 March 31, 2023 Commercial real estate $ 919 $ — $ 1,058 $ 1,977 $ 693,183 $ 695,160 $ — Construction, land development, land 298 — — 298 98,013 98,311 — 1-4 family residential 782 227 725 1,734 130,276 132,010 — Farmland 402 33 — 435 67,161 67,596 — Commercial 992 3,180 3,458 7,630 1,232,322 1,239,952 — Factored receivables 21,233 5,676 32,897 59,806 1,118,298 1,178,104 32,897 Consumer 146 14 9 169 8,744 8,913 — Mortgage warehouse — — — — 889,960 889,960 — Total $ 24,772 $ 9,130 $ 38,147 $ 72,049 $ 4,237,957 $ 4,310,006 $ 32,897 (Dollars in thousands) Past Due Past Due Past Due 90 Total Current Total Past Due 90 December 31, 2022 Commercial real estate $ 1,301 $ — $ 455 $ 1,756 $ 676,388 $ 678,144 $ — Construction, land development, land — — 145 145 90,831 90,976 — 1-4 family residential 936 531 776 2,243 123,738 125,981 — Farmland — — — — 68,934 68,934 — Commercial 1,630 3,139 2,847 7,616 1,243,494 1,251,110 — Factored receivables 42,797 12,651 37,142 92,590 1,144,859 1,237,449 37,142 Consumer 52 41 2 95 8,773 8,868 — Mortgage warehouse — — — — 658,829 658,829 — Total $ 46,716 $ 16,362 $ 41,367 $ 104,445 $ 4,015,846 $ 4,120,291 $ 37,142 At March 31, 2023 and December 31, 2022, total past due Over-Formula Advances recorded in factored receivables was $7,772,000 and $8,202,000, respectively, all of which was considered past due 90 days or more. At March 31, 2023 and December 31, 2022, the Misdirected Payments totaled $19,361,000, all of which 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. 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: March 31, 2023 December 31, 2022 (Dollars in thousands) Total Nonaccrual Nonaccrual Total Nonaccrual Nonaccrual Commercial real estate $ 2,598 $ 2,468 $ 871 $ 319 Construction, land development, land — — 150 150 1-4 family residential 1,226 1,020 1,391 1,238 Farmland 654 654 400 400 Commercial 13,529 3,273 15,393 3,662 Factored receivables — — — — Consumer 89 89 91 91 Mortgage warehouse — — — — $ 18,096 $ 7,504 $ 18,296 $ 5,860 The following table presents accrued interest on nonaccrual loans reversed through interest income: Three Months Ended March 31, (Dollars in thousands) 2023 2022 Commercial real estate $ 16 $ — Construction, land development, land — — 1-4 family residential — — Farmland 22 — Commercial 7 4 Factored receivables — — Consumer — — Mortgage warehouse — — $ 45 $ 4 There was no interest earned on nonaccrual loans during the three months ended March 31, 2023 and 2022. The following table presents information regarding nonperforming loans: (Dollars in thousands) March 31, 2023 December 31, 2022 Nonaccrual loans $ 18,096 $ 18,296 Factored receivables greater than 90 days past due 25,125 28,940 Other nonperforming factored receivables (1) 276 491 Troubled debt restructurings accruing interest — 503 $ 43,497 $ 48,230 (1) Other nonperforming factored receivables represent the portion of the Over-Formula Advance Portfolio that is not covered by Covenant's indemnification as well as other nonperforming factored receivables less than 90 days past due. 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 March 31, 2023 and December 31, 2022, based on the most recent analysis performed, the risk category of loans is as follows: Revolving Revolving Total (Dollars in thousands) Year of Origination March 31, 2023 2023 2022 2021 2020 2019 Prior Commercial real estate Pass $ 39,937 $ 213,434 $ 160,658 $ 193,211 $ 27,623 $ 49,660 $ 2,665 $ 423 $ 687,611 Classified 755 3,748 423 2,568 39 16 — — 7,549 Total commercial real estate $ 40,692 $ 217,182 $ 161,081 $ 195,779 $ 27,662 $ 49,676 $ 2,665 $ 423 $ 695,160 YTD gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Construction, land development, land Pass $ 22,290 $ 61,733 $ 6,550 $ 3,398 $ 3,146 $ 459 $ 735 $ — $ 98,311 Classified — — — — — — — — — Total construction, land development, land $ 22,290 $ 61,733 $ 6,550 $ 3,398 $ 3,146 $ 459 $ 735 $ — $ 98,311 YTD gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — 1-4 family residential Pass $ 9,364 $ 25,699 $ 21,231 $ 8,811 $ 2,745 $ 23,886 $ 38,378 $ 590 $ 130,704 Classified 46 30 136 6 53 966 69 — 1,306 Total 1-4 family residential $ 9,410 $ 25,729 $ 21,367 $ 8,817 $ 2,798 $ 24,852 $ 38,447 $ 590 $ 132,010 YTD gross charge-offs $ — $ — $ — $ — $ — $ 5 $ — $ — $ 5 Farmland Pass $ 3,852 $ 15,682 $ 6,706 $ 8,095 $ 2,757 $ 23,748 $ 1,105 $ 200 $ 62,145 Classified 3,848 927 — 118 104 454 — — 5,451 Total farmland $ 7,700 $ 16,609 $ 6,706 $ 8,213 $ 2,861 $ 24,202 $ 1,105 $ 200 $ 67,596 YTD gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial Pass $ 124,074 $ 294,695 $ 148,791 $ 112,083 $ 39,021 $ 15,779 $ 476,912 $ 630 $ 1,211,985 Classified 738 11,283 12,482 2,180 652 184 448 — 27,967 Total commercial $ 124,812 $ 305,978 $ 161,273 $ 114,263 $ 39,673 $ 15,963 $ 477,360 $ 630 $ 1,239,952 YTD gross charge-offs $ 1 $ — $ 5 $ 216 $ — $ — $ — $ — $ 222 Factored receivables Pass $ 1,139,571 $ — $ — $ 7,496 $ — $ — $ — $ — $ 1,147,067 Classified 11,400 — — 19,637 — — — — 31,037 Total factored receivables $ 1,150,971 $ — $ — $ 27,133 $ — $ — $ — $ — $ 1,178,104 YTD gross charge-offs $ — $ 2,293 $ — $ — $ — $ — $ — $ — $ 2,293 Consumer Pass $ 827 $ 2,386 $ 2,139 $ 725 $ 253 $ 2,400 $ 94 $ — $ 8,824 Classified — 9 1 — — 79 — — 89 Total consumer $ 827 $ 2,395 $ 2,140 $ 725 $ 253 $ 2,479 $ 94 $ — $ 8,913 YTD gross charge-offs $ 114 $ 13 $ 7 $ 2 $ — $ 2 $ — $ — $ 138 Mortgage warehouse Pass $ 889,960 $ — $ — $ — $ — $ — $ — $ — $ 889,960 Classified — — — — — — — — — Total mortgage warehouse $ 889,960 $ — $ — $ — $ — $ — $ — $ — $ 889,960 YTD gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Total loans Pass $ 2,229,875 $ 613,629 $ 346,075 $ 333,819 $ 75,545 $ 115,932 $ 519,889 $ 1,843 $ 4,236,607 Classified 16,787 15,997 13,042 24,509 848 1,699 517 — 73,399 Total loans $ 2,246,662 $ 629,626 $ 359,117 $ 358,328 $ 76,393 $ 117,631 $ 520,406 $ 1,843 $ 4,310,006 YTD gross charge-offs $ 115 $ 2,306 $ 12 $ 218 $ — $ 7 $ — $ — $ 2,658 Revolving Revolving Total (Dollars in thousands) Year of Origination December 31, 2022 2022 2021 2020 2019 2018 Prior Commercial real estate Pass $ 231,427 $ 156,895 $ 198,541 $ 28,033 $ 17,786 $ 35,658 $ 3,675 $ — $ 672,015 Classified 3,668 551 1,855 39 — 16 — — 6,129 Total commercial real estate $ 235,095 $ 157,446 $ 200,396 $ 28,072 $ 17,786 $ 35,674 $ 3,675 $ — $ 678,144 Construction, land development, land Pass $ 71,236 $ 11,328 $ 4,535 $ 3,186 $ 35 $ 506 $ — $ — $ 90,826 Classified — — 5 — — 145 — — 150 Total construction, land development, land $ 71,236 $ 11,328 $ 4,540 $ 3,186 $ 35 $ 651 $ — $ — $ 90,976 1-4 family residential Pass $ 26,306 $ 22,639 $ 9,536 $ 2,929 $ 3,528 $ 20,910 $ 38,361 $ 300 $ 124,509 Classified 137 199 7 53 1 1,006 69 — 1,472 Total 1-4 family residential $ 26,443 $ 22,838 $ 9,543 $ 2,982 $ 3,529 $ 21,916 $ 38,430 $ 300 $ 125,981 Farmland Pass $ 18,190 $ 7,291 $ 10,027 $ 2,699 $ 6,742 $ 18,569 $ 1,016 $ 204 $ 64,738 Classified 1,062 2,796 120 108 — 110 — — 4,196 Total farmland $ 19,252 $ 10,087 $ 10,147 $ 2,807 $ 6,742 $ 18,679 $ 1,016 $ 204 $ 68,934 Commercial Pass $ 358,983 $ 181,933 $ 136,635 $ 41,912 $ 5,842 $ 12,145 $ 486,889 $ 161 $ 1,224,500 Classified 10,721 10,579 3,767 1,038 96 116 293 — 26,610 Total commercial $ 369,704 $ 192,512 $ 140,402 $ 42,950 $ 5,938 $ 12,261 $ 487,182 $ 161 $ 1,251,110 Factored receivables Pass $ 1,196,912 $ — $ 7,710 $ — $ — $ — $ — $ — $ 1,204,622 Classified 12,974 — 19,853 — — — — — 32,827 Total factored receivables $ 1,209,886 $ — $ 27,563 $ — $ — $ — $ — $ — $ 1,237,449 Consumer Pass $ 2,768 $ 1,981 $ 894 $ 304 $ 266 $ 2,418 $ 147 $ — $ 8,778 Classified — 1 2 — 8 79 — — 90 Total consumer $ 2,768 $ 1,982 $ 896 $ 304 $ 274 $ 2,497 $ 147 $ — $ 8,868 Mortgage warehouse Pass $ 658,829 $ — $ — $ — $ — $ — $ — $ — $ 658,829 Classified — — — — — — — — — Total mortgage warehouse $ 658,829 $ — $ — $ — $ — $ — $ — $ — $ 658,829 Total loans Pass $ 2,564,651 $ 382,067 $ 367,878 $ 79,063 $ 34,199 $ 90,206 $ 530,088 $ 665 $ 4,048,817 Classified 28,562 14,126 25,609 1,238 105 1,472 362 — 71,474 Total loans $ 2,593,213 $ 396,193 $ 393,487 $ 80,301 $ 34,304 $ 91,678 $ 530,450 $ 665 $ 4,120,291 Loan Modifications to Borrowers Experiencing Financial Difficulty The following table presents the amortized cost basis at the end of the reporting period of the loans modifications to borrowers experiencing financial difficulty: Term Extension Three Months Ended March 31, 2023 (Dollars in thousands) Amortized Cost % of Portfolio Commercial real estate $ 119 — % Commercial 895 0.1 % The following table describes the financial effect of the modifications made to borrowers experiencing financial difficulty: Term Extension Three Months Ended March 31, 2023 Commercial real estate Modification added a weighted average 0.3 years to the life of the modified loans, which did not have a material impact on cash flows. Commercial Modification added a weighted average 0.3 years to the life of the modified loans, which did not have a material impact on cash flows. Payment Delay Three Months Ended March 31, 2023 (Dollars in thousands) Amortized Cost % of Portfolio Commercial real estate $ 755 0.1 % The following table describes the financial effect of the modifications made to borrowers experiencing financial difficulty: Payment Delay Three Months Ended March 31, 2023 Commercial real estate Modification allowed for a weighted average 0.5 years of interest only payments with remaining balances due at maturity. The following table presents the performance of loans that have been modified in the last twelve months: March 31, 2023 (Dollars in thousands) Current Past Due Past Due Commercial real estate $ 874 $ — $ — Commercial 895 — — $ 1,769 $ — $ — At March 31, 2023, the Company had $327,000 of commitments to lend additional funds to borrowers experiencing financial difficulty for which the Company modified the terms of the loans in the form of principal forgiveness, an interest rate reduction, an other-than-insignificant payment delay, or a term extension during the current period. There were no loans to borrowers experiencing financial difficulty that had a payment default during the three months ended March 31, 2023 and were modified in the twelve months prior to that default. Default is determined at 90 or more days past due, upon charge-off, or upon foreclosure. Modified loans in default are individually evaluated for the allowance for credit losses or if the modified loan is deemed uncollectible, the loan, or a portion of the loan, is written off and the allowance for credit losses is adjusted accordingly. Residential Real Estate Loans In Process of Foreclosure At March 31, 2023 and December 31, 2022, the Company had $136,000 and $129,000, respectively, in 1-4 family residential real estate loans for which formal foreclosure proceedings were in process.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Mar. 31, 2023
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) March 31, 2023 December 31, 2022 Goodwill $ 233,709 $ 233,709 March 31, 2023 December 31, 2022 (Dollars in thousands) Gross Carrying Accumulated Net Carrying Gross Carrying Accumulated Net Carrying Core deposit intangibles $ 43,578 $ (36,074) $ 7,504 $ 43,578 $ (35,347) $ 8,231 Software intangible assets 16,932 (7,761) 9,171 16,932 (6,702) 10,230 Other intangible assets 33,452 (17,877) 15,575 30,410 (16,813) 13,597 $ 93,962 $ (61,712) $ 32,250 $ 90,920 $ (58,862) $ 32,058 The changes in goodwill and intangible assets during the three months ended March 31, 2023 and 2022 are as follows: Three Months Ended March 31, (Dollars in thousands) 2023 2022 Beginning balance $ 265,767 $ 276,856 Acquired intangible assets 3,042 — Acquired goodwill - measurement period adjustment — (18) Goodwill transferred to assets held for sale — (3,217) Intangible assets transferred to assets held for sale — (1,394) Amortization of intangibles (2,850) (3,108) Ending balance $ 265,959 $ 269,119

Derivative Financial Instrument

Derivative Financial Instruments	3 Months Ended
	Mar. 31, 2023
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 June 2020, such derivatives were used to hedge the variable cash flows associated with interest bearing deposits. The Company discontinues hedge accounting when it determines that the derivative is no longer effective in offsetting changes in the cash flows of the hedged item, the derivative is settled or terminated, or treatment of the derivative as a hedge is no longer appropriate or intended. During the three months ended March 31, 2022, the Company terminated its single derivative with a notional value totaling $200,000,000, resulting in a termination value of $9,316,000. During the three months ended March 31, 2022 and June 30, 2022, the Company reclassified $233,000 and $232,000, respectively, into earnings through interest expense in the consolidated statements of income. During the three months ended June 30, 2022, the Company terminated the hedged funding, incurring a termination fee of $732,000, which was recognized through interest expense in the consolidated statements of income, and reclassified the remaining $8,851,000 unrealized gain on the terminated derivative into earnings through other noninterest income in the consolidated statements of income. The following table presents the pre-tax impact of the terminated cash flow hedge on AOCI: Three Months Ended March 31, (Dollars in thousands) 2023 2022 Unrealized gains on terminated hedges Beginning Balance $ — $ — Unrealized gains arising during the period — 9,316 Reclassification adjustments for amortization of unrealized (gains) into net income — (233) Ending Balance $ — $ 9,083 The Company did not have any derivative financial instruments at March 31, 2023 and December 31, 2022. The table below presents the effect of cash flow hedge accounting on Accumulated Other Comprehensive Income, net of tax: Amount of Amount of Location of Amount of Amount of (Dollars in thousands) Three Months Ended March 31, 2022 Derivatives in cash flow hedging relationships: Interest rate swaps $ 2,398 $ 2,398 Interest Expense $ (164) $ (164)

Variable Interest Entities

Variable Interest Entities	3 Months Ended
	Mar. 31, 2023
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 $3,868,000 and $4,077,000 at March 31, 2023 and December 31, 2022, respectively, and are classified as held to maturity securities within the Company’s consolidated balance sheets.

Legal Contingencies

Legal Contingencies	3 Months Ended
	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Legal Contingencies	LEGAL CONTINGENCIESVarious legal claims have arisen from time to time in the normal course of business which, in the opinion of management as of March 31, 2023, will have no material effect on the Company’s consolidated financial statements.

Off-Balance Sheet Loan Commitme

Off-Balance Sheet Loan Commitments	3 Months Ended
	Mar. 31, 2023
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: March 31, 2023 December 31, 2022 (Dollars in thousands) Fixed Rate Variable Rate Total Fixed Rate Variable Rate Total Unused lines of credit $ 19,087 $ 562,218 $ 581,305 $ 1,417 $ 487,965 $ 489,382 Standby letters of credit $ 14,524 $ 5,924 $ 20,448 $ 12,309 $ 4,897 $ 17,206 Commitments to purchase loans $ — $ 40,737 $ 40,737 $ — $ 53,572 $ 53,572 Mortgage warehouse commitments $ — $ 828,659 $ 828,659 $ — $ 1,055,117 $ 1,055,117 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 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 March 31, 2023 and December 31, 2022, the allowance for credit losses on off-balance sheet credit exposures totaled $4,425,000 and $3,606,000, 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: Three Months Ended March 31, (Dollars in thousands) 2023 2022 Credit loss expense (benefit) $ 819 $ (736)

Fair Value Disclosures

Fair Value Disclosures	3 Months Ended
	Mar. 31, 2023
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. The methods of determining the fair value of assets and liabilities presented in this note are consistent with the methodologies disclosed in Note 17 of the Company’s 2022 Form 10-K. 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 March 31, 2023 Level 1 Level 2 Level 3 Assets measured at fair value on a recurring basis Securities available for sale Mortgage-backed securities, residential $ — $ 47,955 $ — $ 47,955 Asset-backed securities — 6,293 — 6,293 State and municipal — 13,417 — 13,417 CLO securities — 246,869 — 246,869 Corporate bonds — 770 — 770 SBA pooled securities — 1,793 — 1,793 $ — $ 317,097 $ — $ 317,097 Equity securities with readily determinable fair values Mutual fund $ 4,498 $ — $ — $ 4,498 Loans held for sale $ — $ 3,954 $ — $ 3,954 Indemnification asset $ — $ — $ 3,691 $ 3,691 Revenue share asset $ — $ — $ 4,532 $ 4,532 Liabilities measured at fair value on a recurring basis Return of premium liability $ — $ — $ 476 $ 476 (Dollars in thousands) Fair Value Measurements Using Total December 31, 2022 Level 1 Level 2 Level 3 Assets measured at fair value on a recurring basis Securities available for sale Mortgage-backed securities, residential $ — $ 50,633 $ — $ 50,633 Asset-backed securities — 6,331 — 6,331 State and municipal — 13,438 — 13,438 CLO Securities — 181,011 — 181,011 Corporate bonds — 1,263 — 1,263 SBA pooled securities — 1,828 — 1,828 $ — $ 254,504 $ — $ 254,504 Equity securities with readily determinable fair values Mutual fund $ 5,191 $ — $ — $ 5,191 Loans held for sale $ — $ 5,641 $ — $ 5,641 Indemnification asset $ — $ — $ 3,896 $ 3,896 Revenue share asset $ — $ — $ 5,515 $ 5,515 Liabilities measured at fair value on a recurring basis Return of premium liability $ — $ — $ 575 $ 575 There were no transfers between levels during 2023 or 2022. 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 acquired during 2020. 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 March 31, 2023 and December 31, 2022, the estimated cash payments expected to be received from Covenant for probable losses on the covered Over-Formula Advance Portfolio were approximately $3,886,000 and $4,101,000, respectively, and a discount rate of 5.0% and 5.0%, 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: Three Months Ended March 31, (Dollars in thousands) 2023 2022 Beginning balance $ 3,896 $ 4,786 Indemnification asset recognized in business combination — — Change in fair value of indemnification asset recognized in earnings (205) (204) Indemnification reduction — — Ending balance $ 3,691 $ 4,582 Revenue Share Asset On June 30, 2022 and September 6, 2022, the Company entered into and closed two separate agreements to sell two separate portfolios of factored receivables. The June 30, 2022 agreement contains revenue share provisions that entitles the Company to an amount equal to fifteen percent of the future gross monthly revenue of the clients associated with the sold factored receivable portfolio. The September 6, 2022 agreement contains revenue share provisions that entitles the Company to an amount ranging from fifteen to twenty percent, depending on the client, of the future gross monthly revenue of the clients associated with the sold factored receivable portfolio. The fair value of the revenue share assets is calculated each reporting period, and changes in the fair value of the revenue share assets are recorded in noninterest income in the consolidated statements of income. The revenue share asset fair value is considered a Level 3 classification. At March 31, 2023 and December 31, 2022, the estimated cash payments expected to be received from the purchaser for the Company's share of future gross monthly revenue as $6,196,000 and $7,613,000, respectively, and a discount rate of 10.0% was applied to calculate the present value of the revenue share asset. A reconciliation of the opening balance to the closing balance of the fair value of the revenue share asset is as follows: Three Months Ended March 31, (Dollars in thousands) 2023 2022 Beginning balance $ 5,515 $ — Revenue share asset recognized — — Change in fair value of revenue share asset recognized in earnings (620) — Revenue share payments received (363) — Ending balance $ 4,532 $ — Return of Premium Liability On June 23, 2022, the Company made the decision to sell and closed on the sale of a portfolio of equipment loans for cash consideration. The associated agreement contains a provision that in the event that a sold loan is prepaid in full prior to the due date of the final scheduled contractual payment, the Company will return a pro-rata portion of the premium calculated as of the date of such prepayment in full. The fair value of the return of premium liability is calculated each reporting period, and changes in the fair value of the return of premium liability are recorded in noninterest income in the consolidated statements of income. The return of premium liability is considered a Level 3 classification. At March 31, 2023 and December 31, 2022, the fair value of the estimated premium expected to be returned to the purchaser for sold loans prepaid in full was calculated as the difference between the discounted cash flows of each sold loan assuming no prepayments and the discounted cash flows of each sold loan assuming an 11.0% and 11.0% prepayment speed, respectively; consistent with management's expected prepayment speed. A reconciliation of the opening balance to the closing balance of the fair value of the return of premium liability is as follows: Three Months Ended March 31, (Dollars in thousands) 2023 2022 Beginning balance $ 575 $ — Return of premium liability recognized in business combination — — Change in fair value of return of premium liability recognized in earnings (99) — Return of premium payments made — — Ending balance $ 476 $ — 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 March 31, 2023 and December 31, 2022. (Dollars in thousands) Fair Value Measurements Using Total March 31, 2023 Level 1 Level 2 Level 3 Collateral dependent loans Commercial real estate $ — $ — $ 98 $ 98 1-4 family residential — — 80 80 Commercial — — 4,855 4,855 Factored receivables — — 27,780 27,780 $ — $ — $ 32,813 $ 32,813 (Dollars in thousands) Fair Value Measurements Using Total December 31, 2022 Level 1 Level 2 Level 3 Collateral dependent loans Commercial real estate $ — $ — $ 269 $ 269 1-4 family residential — — 46 46 Commercial — — 6,994 6,994 Factored receivables — — 29,367 29,367 Equity investment without readily determinable fair value 38,088 — — 38,088 $ 38,088 $ — $ 36,676 $ 74,764 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. The estimated fair values of the Company’s financial instruments not measured at fair value on a recurring or non-recurring basis at March 31, 2023 and December 31, 2022 were as follows: (Dollars in thousands) Carrying Fair Value Measurements Using Total March 31, 2023 Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 417,715 $ 417,715 $ — $ — $ 417,715 Securities - held to maturity 3,868 — — 5,184 5,184 Loans not previously presented, gross 4,284,232 147,334 — 4,050,201 4,197,535 FHLB and other restricted stock 24,506 N/A N/A N/A N/A Accrued interest receivable 25,277 25,277 — — 25,277 Financial liabilities: Deposits 4,038,994 — 4,028,969 — 4,028,969 Customer repurchase agreements 3,208 — 3,208 — 3,208 Federal Home Loan Bank advances 530,000 — 530,000 — 530,000 Subordinated notes 108,016 — 107,301 — 107,301 Junior subordinated debentures 41,299 — 42,874 — 42,874 Accrued interest payable 4,018 4,018 — — 4,018 (Dollars in thousands) Carrying Fair Value Measurements Using Total December 31, 2022 Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 408,182 $ 408,182 $ — $ — $ 408,182 Securities - held to maturity 4,077 — — 5,476 5,476 Loans not previously presented, gross 4,088,411 187,729 — 3,805,701 3,993,430 FHLB and other restricted stock 6,252 N/A N/A N/A N/A Accrued interest receivable 21,977 21,977 — — 21,977 Financial liabilities: Deposits 4,171,336 — 4,159,695 — 4,159,695 Customer repurchase agreements 340 — 340 — 340 Federal Home Loan Bank advances 30,000 — 30,000 — 30,000 Subordinated notes 107,800 — 104,400 — 104,400 Junior subordinated debentures 41,158 — 42,721 — 42,721 Accrued interest payable 2,830 2,830 — — 2,830

Regulatory Matters

Regulatory Matters	3 Months Ended
	Mar. 31, 2023
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]
Regulatory Matters	REGULATORY MATTERS The 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 March 31, 2023 and December 31, 2022, the Company and TBK Bank meet all capital adequacy requirements to which they are subject. As of March 31, 2023 and December 31, 2022, 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 March 31, 2023 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. (Dollars in thousands) Actual Minimum for Capital To Be Well March 31, 2023 Amount Ratio Amount Ratio Amount Ratio Total capital (to risk weighted assets) Triumph Financial, Inc. $ 764,665 15.5% $ 394,666 8.0% N/A N/A TBK Bank, SSB $ 731,761 15.0% $ 390,273 8.0% $ 487,841 10.0% Tier 1 capital (to risk weighted assets) Triumph Financial, Inc. $ 617,106 12.5% $ 296,211 6.0% N/A N/A TBK Bank, SSB $ 694,495 14.2% $ 293,449 6.0% $ 391,265 8.0% Common equity Tier 1 capital (to risk weighted assets) Triumph Financial, Inc. $ 530,807 10.8% $ 221,170 4.5% N/A N/A TBK Bank, SSB $ 694,495 14.2% $ 220,086 4.5% $ 317,903 6.5% Tier 1 capital (to average assets) Triumph Financial, Inc. $ 617,106 12.2% $ 202,330 4.0% N/A N/A TBK Bank, SSB $ 694,495 13.7% $ 202,772 4.0% $ 253,465 5.0% As of December 31, 2022 Total capital (to risk weighted assets) Triumph Financial, Inc. $ 829,928 17.7% $ 375,109 8.0% N/A N/A TBK Bank, SSB $ 732,785 15.8% $ 371,030 8.0% $ 463,788 10.0% Tier 1 capital (to risk weighted assets) Triumph Financial, Inc. $ 684,381 14.6% $ 281,252 6.0% N/A N/A TBK Bank, SSB $ 697,022 15.0% $ 278,809 6.0% $ 371,745 8.0% Common equity Tier 1 capital (to risk weighted assets) Triumph Financial, Inc. $ 598,223 12.7% $ 211,969 4.5% N/A N/A TBK Bank, SSB $ 697,022 15.0% $ 209,107 4.5% $ 302,043 6.5% Tier 1 capital (to average assets) Triumph Financial, Inc. $ 684,381 13.0% $ 210,579 4.0% N/A N/A TBK Bank, SSB $ 697,022 13.2% $ 211,219 4.0% $ 264,023 5.0% As permitted by the interim final rule issued on March 27, 2020 by the federal banking regulatory agencies, the Company 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”) was delayed for two years. After two years, the cumulative amount of the transition adjustments became 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 March 31, 2023 and December 31, 2022. 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 March 31, 2023 and December 31, 2022, the Company’s and TBK Bank’s risk based capital exceeded the required capital conservation buffer.

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Mar. 31, 2023
Equity [Abstract]
Stockholders' Equity	STOCKHOLDERS' EQUITY The following summarizes the capital structure of Triumph Financial, Inc. Preferred Stock Series C (Dollars in thousands, except per share amounts) March 31, 2023 December 31, 2022 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 March 31, 2023 December 31, 2022 Shares authorized 50,000,000 50,000,000 Shares issued 28,717,275 28,321,716 Treasury shares (5,346,760) (4,268,131) Shares outstanding 23,370,515 24,053,585 Par value per share $ 0.01 $ 0.01 Stock Repurchase Programs 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. During the three months ended March 31, 2022, the Company repurchased 14,810 shares into treasury stock under the Company's stock repurchase program at an average price of $88.81, for a total of $1,316,000. During the three months ended June 30, 2022, the Company repurchased 694,985 shares into treasury stock under the Company's stock repurchase program at an average price of $70.02, for a total of $48,684,000, effectively completing the repurchase program. On May 23, 2022, the Company announced that its board of directors had authorized the Company to repurchase up to an additional $75,000,000 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. On November 7, 2022, the repurchase authorization was increased to $100,000,000 in connection with the commencement of a modified "Dutch auction" tender offer (the "Tender Offer"). During the three months ended December 31, 2022, the Company repurchased 408,615 shares of its common stock in the Tender Offer at a price of $58.00 per share, for an aggregate cost of $24,772,000, including fees and expenses related to the tender offer of $1,072,000. On February 1, 2023, the Company entered into an accelerated share repurchase (“ASR”) agreement to repurchase $70,000,000 of the Company’s common stock. Under the terms of the ASR agreement, the Company received an initial delivery of 961,373 common shares representing approximately 80% of the expected total to be repurchased. Subject to certain adjustments pursuant to the ASR agreement, the final number of shares repurchased and delivered under the ASR agreement will be based on the volume weighted average share price of the Company’s common stock during the term of the transaction, which is expected to be completed in the second quarter of 2023. The ASR is part of the Company’s previously announced plan to repurchase up to $100,000,000 of the Company’s common stock and is within the remaining amount authorized by the Company’s Board of Directors pursuant to such plan.

Stock Based Compensation

Stock Based Compensation	3 Months Ended
	Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]
Stock Based Compensation	STOCK BASED COMPENSATION Stock based compensation expense that has been charged against income was $2,881,000 and $4,952,000 for the three months ended March 31, 2023 and 2022, 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 maximum number of shares of common stock available for issuance under the Omnibus Incentive Plan is 2,900,000 shares. Restricted Stock Awards A summary of changes in the Company’s nonvested Restricted Stock Awards (“RSAs”) under the Omnibus Incentive Plan for the three months ended March 31, 2023 were as follows: Nonvested RSAs Shares Weighted-Average Nonvested at January 1, 2023 230,486 70.34 Granted 6,852 58.25 Vested (6,852) 58.25 Forfeited (10,961) 76.91 Nonvested at March 31, 2023 219,525 70.02 RSAs granted to employees under the Omnibus Incentive Plan typically vest immediately or over four years. Compensation expense for the RSAs will be recognized over the vesting period of the awards based on the fair value of the stock at the issue date. As of March 31, 2023, there was $4,030,000 of unrecognized compensation cost related to the nonvested RSAs. The cost is expected to be recognized over a remaining period of 2.04 years. Restricted Stock Units A summary of changes in the Company’s nonvested Restricted Stock Units (“RSUs”) under the Omnibus Incentive Plan for the three months ended March 31, 2023 were as follows: Nonvested RSUs Shares Weighted-Average Nonvested at January 1, 2023 211,300 59.45 Granted — — Vested (3,750) 126 Forfeited (2,513) 67.53 Nonvested at March 31, 2023 205,037 58.14 RSUs granted to employees under the Omnibus Incentive Plan typically vest over four 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 three months ended March 31, 2023 were as follows: Nonvested Market Based PSUs Shares Weighted-Average Nonvested at January 1, 2023 112,486 $ 55.57 Granted — — Incremental shares earned — — Vested — — Forfeited (156) 38.75 Nonvested at March 31, 2023 112,330 $ 55.60 Market Based PSUs granted to employees under the Omnibus Incentive Plan vest after three As of March 31, 2023, there was $2,221,000 of unrecognized compensation cost related to the nonvested Market Based PSUs. The cost is expected to be recognized over a remaining period of 1.86 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 three months ended March 31, 2023 were as follows: Nonvested Performance Based PSUs Shares Weighted Average Nonvested at January 1, 2023 255,738 $ 39.57 Granted — — Incremental shares earned 107,404 N/A Vested (363,142) 40 Forfeited — — Nonvested at March 31, 2023 — $ — The Performance Based PSUs granted to employees under the Omnibus Incentive Plan vested after a three year performance period. Under the terms of the award agreements, the number of shares issued upon vesting could range from 0% to 200% of the shares granted based on the Company’s cumulative diluted earnings per share over the performance period. The performance period for the outstanding Performance Based PSUs ended on December 31, 2022, and the awards subsequently vested at 142% of the target shares granted. Compensation expense for the Performance Based PSUs was estimated during the performance period based on the fair value of the stock at the grant date and the most probable outcome of the performance condition at each period end, adjusted for the passage of time within the vesting period of the awards. There was no stock based compensation cost related to Performance Based PSUs during the three months ended March 31, 2023 and there is no remaining unrecognized compensation cost related to these awards. During the three months ended March 31, 2022, the Company recognized $807,000 of stock based compensation cost related to Performance Based PSUs. Stock Options A summary of the changes in the Company’s stock options under the Omnibus Incentive Plan for the three months ended March 31, 2023 were as follows: Stock Options Shares Weighted-Average Weighted-Average Aggregate Outstanding at January 1, 2023 195,398 $ 39.48 Granted — — Exercised (2,586) 30.43 Forfeited or expired — — Outstanding at March 31, 2023 192,812 $ 39.60 5.81 $ 4,447 Fully vested shares and shares expected to vest at March 31, 2023 192,812 $ 39.60 5.81 $ 4,447 Shares exercisable at March 31, 2023 126,372 $ 29.08 4.56 $ 3,792 Information related to the stock options for the three months ended March 31, 2023 and 2022 was as follows: Three Months Ended March 31, (Dollars in thousands, except per share amounts) 2023 2022 Aggregate intrinsic value of options exercised $ 79 $ 277 Cash received from option exercises, net (33) (74) Tax benefit realized from option exercises 16 58 Weighted average fair value per share of options granted $ — $ — 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 year contractual terms. The fair value of stock options granted is estimated at the date of grant using the Black-Scholes option-pricing model. Beginning in 2022, expected volatilities are determined based on the Company’s historical volatility. Prior to 2022, 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 is 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 is derived from the Treasury constant maturity yield curve on the valuation date. As of March 31, 2023, there was $627,000 of unrecognized compensation cost related to nonvested stock options granted under the Omnibus Incentive Plan. The cost is expected to be recognized over a remaining period of 2.83 years. Employee Stock Purchase Plan

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2023
Earnings Per Share [Abstract]
Earnings Per Share	EARNINGS PER SHARE The factors used in the earnings per share computation follow: Three Months Ended March 31, (Dollars in thousands) 2023 2022 Basic Net income to common stockholders $ 10,209 $ 23,528 Weighted average common shares outstanding 23,361,732 24,800,771 Basic earnings per common share $ 0.44 $ 0.95 Diluted Net income to common stockholders $ 10,209 $ 23,528 Weighted average common shares outstanding 23,361,732 24,800,771 Dilutive effects of: Assumed exercises of stock options 76,129 107,359 Restricted stock awards 140,006 237,305 Restricted stock units 116,754 86,099 Performance stock units - market based 121,047 139,563 Performance stock units - performance based — — Employee stock purchase program 496 771 Average shares and dilutive potential common shares 23,816,164 25,371,868 Diluted earnings per common share $ 0.43 $ 0.93 Shares that were not considered in computing diluted earnings per common share because they were antidilutive are as follows: Three Months Ended March 31, 2023 2022 Stock options 49,379 12,911 Restricted stock awards — 8,463 Restricted stock units 11,250 15,000 Performance stock units - market based 42,056 — Performance stock units - performance based — 258,635 Employee stock purchase program — — Accelerated share repurchase 203,352 —

Revenue From Contracts With Cus

Revenue From Contracts With Customers	3 Months Ended
	Mar. 31, 2023
Revenue from Contract with Customer [Abstract]
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. 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. The Company presents disaggregated revenue from contracts with customers in the consolidated statements of income. Descriptions of the Company's significant revenue-generating activities within the scope of Topic 606, which are included in non-interest income in the Company's consolidated statements of income, are as follows: • Service charges on deposits . Service charges on deposits primarily consists of fees from the Company's deposit customers for account maintenance, account analysis, and overdraft services. Account maintenance fees and analysis fees are earned over the course of a month, representing the period over which the Company satisfies the performance obligation. Overdraft fees are recognized at the point in time that the overdraft occurs. • Card income. Card income primarily consists of interchange fees. Interchange fees from cardholder transactions represent a percentage of the underlying transaction value and are recognized when the transaction processing services are provided to the cardholder. • Net OREO gains (losses) and valuation adjustments. The Company records a gain or loss from the sale of OREO when control of the property transfers to the buyer, which generally occurs at the time of an executed deed. When the Company finances the sale of OREO to the buyer, the Company assesses whether the buyer is committed to perform their obligations under the contract and whether collectability of the transaction price is probable. Once these criteria are met, the OREO asset is derecognized and the gain or loss on sale is recorded upon the transfer of control of the property to the buyer. • Fee income. Fee income for the Banking and Factoring segments primarily consists of transaction-based fees, including wire transfer fees, ACH and check fees, early termination fees, and other fees, earned from the Company's banking and factoring customers. Transaction based fees are recognized at the time the transaction is executed as that is the point in time the Company satisfies its performance obligations. Fee income for the Payments segment primarily consists of TriumphPay payment and audit fees. These fees totaled $3,962,000 and $3,229,000 for the three months ended March 31, 2023 and 2022, respectively. These fees are generally transaction based and are recognized at the time the transaction is executed as that is the point in time that the Company satisfies its performance obligations. • Insurance commissions. Insurance commissions are earned for brokering insurance policies. The Company's primary performance obligations for insurance commissions are satisfied and revenue is recognized when the brokered insurance policies are executed.

Business Segment Information

Business Segment Information	3 Months Ended
	Mar. 31, 2023
Segment Reporting [Abstract]
Business Segment Information	BUSINESS SEGMENT INFORMATION The Company's reportable segments are Banking, Factoring, Payments, and Corporate, which have been determined based upon their business processes and economic characteristics. This determination also gave consideration to the structure and management of various product lines. 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 Triumph Financial Services with revenue derived from factoring services. The Payments segment includes the operations of TBK Bank's TriumphPay division, which provides a presentment, audit, and payment solution to Shipper, Broker, and Factor clients in the trucking industry. 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 Carriers are offered 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 the Company and from offering Brokers the ability to settle their invoices with the Company on an extended term following the Company's payment to their Carriers as an additional liquidity option for such Brokers. Prior to March 31, 2023, the majority of salaries and benefits expense for the Company's executive leadership team, as well as other selling, general, and administrative shared services costs including human resources, accounting, finance, risk management and a significant amount of information technology expense, were allocated to the Banking segment. During the quarter ended March 31, 2023 management began allocating such shared service costs to its Corporate segment. The Company continues to make considerable investments in shared services that benefit the entire organization and by moving such expenses to the Corporate segment, the Company's chief operating decision maker and investors now have greater visibility into the operating performance of each reportable segment. Prior periods were revised to reflect such allocations and achieve appropriate comparability. Separately, prior to March 31, 2023, intersegment interest expense was allocated to the Factoring and Payments segments (when the Payments segment is not self-funded) based on a rolling average of Federal Home Loan Bank advance rates. When the Payments segment was self-funded with funding in excess of its factored receivables, intersegment interest income was allocated based on the Federal Funds effective rate. During the quarter ended March 31, 2023, the Company began allocating intersegment interest expense to the Factoring and Payments segments based on one-month term SOFR for their funding needs. When the Payments segment is self-funded, with funding in excess of its factored receivables, intersegment interest income will continue to be allocated based on the Federal Funds effective rate. Management believes that such intersegment interest allocations are more intuitive in the current interest rate environment. Prior periods were revised to reflect such allocations and achieve appropriate comparability. Reported segments and the financial information of the reported segments are not necessarily comparable with similar information reported by other financial institutions. Additionally, because of the interrelationships of the various segments, the information presented is not indicative of how the segments would perform if they operated as independent entities. Changes in management structure or allocation methodologies and procedures may result in future changes to previously reported segment financial data. Other than the changes to allocations discussed above, the accounting policies of the segments are substantially the same as those described in the “Summary of Significant Accounting Policies” in Note 1 of the Company’s 2022 Form 10-K. Transactions between segments consist primarily of borrowed funds. Intersegment interest expense is allocated to the Factoring and Payments segments as described above. Credit loss expense is allocated based on the segment’s ACL determination. Noninterest income and expense directly attributable to a segment are assigned to it with various shared service costs such as human resources, accounting, finance, risk management and information technology expense assigned to the Corporate segment. Taxes are paid on a consolidated basis and are not allocated for segment purposes. The Factoring segment includes only factoring originated by Triumph Financial Services. (Dollars in thousands) Three months ended March 31, 2023 Banking Factoring Payments Corporate Consolidated Total interest income $ 59,726 $ 38,157 $ 2,747 $ 44 $ 100,674 Intersegment interest allocations 7,612 (9,154) 1,542 — — Total interest expense 4,948 — — 2,344 7,292 Net interest income (expense) 62,390 29,003 4,289 (2,300) 93,382 Credit loss expense (benefit) 1,923 549 — 141 2,613 Net interest income after credit loss expense 60,467 28,454 4,289 (2,441) 90,769 Noninterest income 5,673 1,313 3,972 64 11,022 Noninterest expense 32,240 21,769 15,417 19,855 89,281 Net income (loss) before income tax expense $ 33,900 $ 7,998 $ (7,156) $ (22,232) $ 12,510 (Dollars in thousands) Three months ended March 31, 2022 Banking Factoring Payments Corporate Consolidated Total interest income $ 42,183 $ 56,374 $ 4,832 $ 46 $ 103,435 Intersegment interest allocations 605 (552) (53) — — Total interest expense 1,603 — — 1,753 3,356 Net interest income (expense) 41,185 55,822 4,779 (1,707) 100,079 Credit loss expense (benefit) (2,870) 1,949 354 1,068 501 Net interest income after credit loss expense 44,055 53,873 4,425 (2,775) 99,578 Noninterest income 5,971 1,871 3,242 37 11,121 Noninterest expense 28,612 22,131 14,333 13,488 78,564 Net income (loss) before income tax expense $ 21,414 $ 33,613 $ (6,666) $ (16,226) $ 32,135 Total assets and gross loans below include intersegment loans, which eliminate in consolidation. (Dollars in thousands) March 31, 2023 Banking Factoring Payments Corporate Eliminations Consolidated Total assets $ 5,233,980 $ 1,185,543 $ 354,049 $ 1,015,471 $ (2,160,858) $ 5,628,185 Gross loans $ 3,751,776 $ 1,096,071 $ 82,033 $ — $ (619,874) $ 4,310,006 (Dollars in thousands) December 31, 2022 Banking Factoring Payments Corporate Eliminations Consolidated Total assets $ 4,910,628 $ 1,260,209 $ 371,948 $ 1,061,662 $ (2,270,664) $ 5,333,783 Gross loans $ 3,572,716 $ 1,151,727 $ 85,722 $ — $ (689,874) $ 4,120,291

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Nature of Operations	Nature of Operations Triumph Financial, Inc. (collectively with its subsidiaries, “Triumph Financial”, 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 Triumph Financial Services LLC ("Triumph Financial Services"), and TBK Bank’s wholly owned subsidiary Triumph Insurance Group, Inc. (“TIG”). TriumphPay operates as a division of TBK Bank, SSB.
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with United States Generally Accepted Accounting Principles (“GAAP”) for interim financial information and in accordance with guidance provided by the Securities and Exchange Commission (“SEC”). Accordingly, the condensed financial statements do not include all of the information and footnotes required by GAAP for complete financial statements. The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all normal and recurring adjustments considered necessary for a fair presentation. Transactions between the subsidiaries have been eliminated. These condensed consolidated financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2022. Operating results for the three months ended March 31, 2023 are not necessarily indicative of the results that may be expected for the year ending December 31, 2023.
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 considers 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 Financial, 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 Triumph Financial Services with revenue derived from factoring services. The Payments segment includes the operations of the TBK Bank's TriumphPay division, which is the payments network for 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 as well as management and administrative expenses that support the overall operations of the Company such as human resources, accounting, finance, risk management and information technology expense. For further discussion of management's operating segments and allocation methodology, see Note 16 – Business Segment Information.
Adoption of New Accounting Standards	Adoption of New Accounting Standards In March 2022, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2022-02, "Financial Instruments – Credit Losses (Topic 326), Troubled Debt Restructurings and Vintage Disclosures" ("ASU 2022-02"). ASU 2022-02 eliminates the accounting guidance for troubled debt restructurings ("TDRs") in ASC 310-40, "Receivables - Troubled Debt Restructurings by Creditors" for entities that have adopted the current expected credit loss ("CECL") model introduced by ASU 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” (ASU 2016-13"). ASU 2022-02 also requires that public business entities disclose current-period gross charge-offs by year of origination for financing receivables and net investments in leases within the scope of Subtopic 326-20, "Financial Instruments—Credit Losses—Measured at Amortized Cost".

Acquisitions and Divestitures (

Acquisitions and Divestitures (Tables)	3 Months Ended
	Mar. 31, 2023
Business Combination and Asset Acquisition [Abstract]
Summary of Carrying Amount of Assets in Disposal Group and Gain on Sale	A summary of the carrying amount of the assets sold and the gain on sale is as follows: (Dollars in thousands) Equipment loans $ 191,167 Accrued interest receivable $ 1,587 Assets sold $ 192,754 Cash consideration $ 197,454 Return of premium liability $ (708) Total consideration $ 196,746 Transaction costs $ 73 Gain on sale, net of transaction costs $ 3,919 (Dollars in thousands) June 30, 2022 September 6, 2022 Total Factored receivables $ 67,888 $ 20,131 $ 88,019 Accrued interest and fee income — 17 17 Assets held for sale $ 67,888 $ 20,148 $ 88,036 Customer reserve noninterest bearing deposits $ 9,682 $ 1,149 $ 10,831 Liabilities held for sale $ 9,682 $ 1,149 $ 10,831 Net assets sold $ 58,206 $ 18,999 $ 77,205 Cash consideration $ 66,292 $ 19,054 $ 85,346 Revenue share asset 5,210 1,027 6,237 Total consideration $ 71,502 $ 20,081 $ 91,583 Transaction costs 82 49 131 Gain on sale, net of transaction costs $ 13,214 $ 1,033 $ 14,247

Securities (Tables)

Securities (Tables)	3 Months Ended
	Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Schedule of Gross Realized and Unrealized Losses Recognized on Equity Securities	The gross realized and unrealized gains and losses recognized on equity securities with readily determinable fair values in noninterest income in the Company’s consolidated statements of income were as follows: Three Months Ended March 31, (Dollars in thousands) 2023 2022 Unrealized gains (losses) on equity securities held at the reporting date $ 72 $ (419) Realized gains (losses) on equity securities sold during the period 18 — $ 90 $ (419)
Equity Securities without Readily Determinable Fair Value	The following table summarizes the Company's investments in equity securities without readily determinable fair values: (Dollars in thousands) March 31, 2023 December 31, 2022 Equity Securities without readily determinable fair value, at cost $ 57,349 $ 39,019 Upward adjustments based on observable price changes, cumulative 10,163 10,163 Equity Securities without readily determinable fair value, carrying value $ 67,512 $ 49,182
Schedule of Amortized Cost of Securities and Their Estimated Fair Values	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 Fair March 31, 2023 Available for sale securities: Mortgage-backed securities, residential $ 52,316 $ 80 $ (4,441) $ — $ 47,955 Asset-backed securities 6,333 — (40) — 6,293 State and municipal 13,462 6 (51) — 13,417 CLO securities 249,620 281 (3,032) — 246,869 Corporate bonds 769 2 (1) — 770 SBA pooled securities 1,864 19 (90) — 1,793 Total available for sale securities $ 324,364 $ 388 $ (7,655) $ — $ 317,097 (Dollars in thousands) Amortized Gross Gross Fair March 31, 2023 Held to maturity securities: CLO securities $ 6,453 $ 332 $ (1,601) $ 5,184 Allowance for credit losses (2,585) Total held to maturity securities, net of ACL $ 3,868 (Dollars in thousands) Amortized Gross Gross Allowance for Credit Losses Fair December 31, 2022 Available for sale securities: Mortgage-backed securities, residential $ 55,329 $ 235 $ (4,931) $ — $ 50,633 Asset-backed securities 6,389 — (58) — 6,331 State and municipal 13,553 1 (116) — 13,438 CLO Securities 185,068 161 (4,218) — 181,011 Corporate bonds 1,270 1 (8) — 1,263 SBA pooled securities 1,910 29 (111) — 1,828 Total available for sale securities $ 263,519 $ 427 $ (9,442) $ — $ 254,504 (Dollars in thousands) Amortized Gross Gross Fair December 31, 2022 Held to maturity securities: CLO securities $ 6,521 $ 458 $ (1,503) $ 5,476 Allowance for credit losses (2,444) Total held to maturity securities, net of ACL $ 4,077
Schedule of Amortized Cost and Estimated Fair Value of Debt Securities by Contractual Maturity	The amortized cost and estimated fair value of securities at March 31, 2023, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers 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 $ 1,329 $ 1,326 $ — $ — Due from one year to five years 1,949 1,932 — — Due from five years to ten years 71,056 69,699 6,453 5,184 Due after ten years 189,517 188,099 — — 263,851 261,056 6,453 5,184 Mortgage-backed securities, residential 52,316 47,955 — — Asset-backed securities 6,333 6,293 — — SBA pooled securities 1,864 1,793 — — $ 324,364 $ 317,097 $ 6,453 $ 5,184
Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value	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 March 31, 2023 Available for sale securities: Mortgage-backed securities, residential $ 20,508 $ (1,086) $ 19,774 $ (3,355) $ 40,282 $ (4,441) Asset-backed securities 4,994 (6) 1,300 (34) 6,294 (40) State and municipal 11,348 (35) 486 (16) 11,834 (51) CLO securities 98,287 (590) 77,951 (2,442) 176,238 (3,032) Corporate bonds 500 (1) — — 500 (1) SBA pooled securities 1 — 1,239 (90) 1,240 (90) $ 135,638 $ (1,718) $ 100,750 $ (5,937) $ 236,388 $ (7,655) Less than 12 Months 12 Months or More Total (Dollars in thousands) Fair Unrealized Fair Unrealized Fair Unrealized December 31, 2022 Available for sale securities: Mortgage-backed securities, residential $ 26,030 $ (1,507) $ 15,828 $ (3,424) $ 41,858 $ (4,931) Asset-backed securities 1,337 (52) 4,994 (6) 6,331 (58) State and municipal 12,680 (116) — — 12,680 (116) CLO Securities 151,572 (3,407) 19,439 (811) 171,011 (4,218) Corporate bonds 261 (8) — — 261 (8) SBA pooled securities 1,262 (111) — — 1,262 (111) $ 193,142 $ (5,201) $ 40,261 $ (4,241) $ 233,403 $ (9,442)
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) Three Months Ended March 31, Held to Maturity CLO Securities 2023 2022 Allowance for credit losses: Beginning balance $ 2,444 $ 2,082 Credit loss expense 141 373 Allowance for credit losses ending balance $ 2,585 $ 2,455

Loans and Allowance for Credi_2

Loans and Allowance for Credit Losses (Tables)	3 Months Ended
	Mar. 31, 2023
Receivables [Abstract]
Schedule of Loans Held for Sale	The following table presents loans held for sale: (Dollars in thousands) March 31, 2023 December 31, 2022 Commercial $ 3,954 $ 5,641 Total loans held for sale $ 3,954 $ 5,641
Schedule of Amortized Cost and Unpaid Principal	The following table presents the amortized cost and unpaid principal balance of loans held for investment: March 31, 2023 December 31, 2022 (Dollars in thousands) Amortized Unpaid Difference Amortized Unpaid Difference Commercial real estate $ 695,160 $ 696,121 $ (961) $ 678,144 $ 679,239 $ (1,095) Construction, land development, land 98,311 98,676 (365) 90,976 91,147 (171) 1-4 family residential 132,010 132,218 (208) 125,981 126,185 (204) Farmland 67,596 67,797 (201) 68,934 69,185 (251) Commercial 1,239,952 1,249,394 (9,442) 1,251,110 1,262,493 (11,383) Factored receivables 1,178,104 1,182,374 (4,270) 1,237,449 1,241,032 (3,583) Consumer 8,913 8,915 (2) 8,868 8,871 (3) Mortgage warehouse 889,960 889,960 — 658,829 658,829 — Total loans held for investment 4,310,006 $ 4,325,455 $ (15,449) 4,120,291 $ 4,136,981 $ (16,690) Allowance for credit losses (42,245) (42,807) $ 4,267,761 $ 4,077,484
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 Charge-offs Recoveries Ending Three months ended March 31, 2023 Commercial real estate $ 4,459 $ (237) $ — $ 70 $ 4,292 Construction, land development, land 1,155 (17) — 1 1,139 1-4 family residential 838 169 (5) 2 1,004 Farmland 483 (11) — — 472 Commercial 15,918 947 (222) 40 16,683 Factored receivables 19,121 550 (2,293) 203 17,581 Consumer 175 21 (138) 127 185 Mortgage warehouse 658 231 — — 889 $ 42,807 $ 1,653 $ (2,658) $ 443 $ 42,245 (Dollars in thousands) Beginning Credit Loss Charge-offs Recoveries Ending Three months ended March 31, 2022 Commercial real estate $ 3,961 $ (340) $ (108) $ 14 $ 3,527 Construction, land development, land 827 73 — 1 901 1-4 family residential 468 (21) — 3 450 Farmland 562 (441) — — 121 Commercial 14,485 (607) (724) 61 13,215 Factored receivables 20,915 2,235 (708) 29 22,471 Consumer 226 41 (111) 19 175 Mortgage warehouse 769 (76) — — 693 $ 42,213 $ 864 $ (1,651) $ 127 $ 41,553
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 March 31, 2023 Commercial real estate $ 563 $ — $ — $ 2,299 $ 2,862 $ 32 Construction, land development, land — — — — — — 1-4 family residential 1,180 — — 45 1,225 126 Farmland 419 — 104 131 654 — Commercial 112 — 3,213 10,203 13,528 5,402 Factored receivables — 39,481 — — 39,481 11,701 Consumer — — — 89 89 — Mortgage warehouse — — — — — — Total $ 2,274 $ 39,481 $ 3,317 $ 12,767 $ 57,839 $ 17,261 (Dollars in thousands) Real Estate Accounts Equipment Other Total ACL December 31, 2022 Commercial real estate $ 1,003 $ — $ — $ 140 $ 1,143 $ 283 Construction, land development, land 150 — — — 150 — 1-4 family residential 1,342 — — 49 1,391 108 Farmland 196 — 108 96 400 — Commercial 193 — 5,334 10,370 15,897 4,737 Factored receivables — 42,409 — — 42,409 13,042 Consumer — — — 91 91 — Mortgage warehouse — — — — — — Total $ 2,884 $ 42,409 $ 5,442 $ 10,746 $ 61,481 $ 18,170
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 Current Total Past Due 90 March 31, 2023 Commercial real estate $ 919 $ — $ 1,058 $ 1,977 $ 693,183 $ 695,160 $ — Construction, land development, land 298 — — 298 98,013 98,311 — 1-4 family residential 782 227 725 1,734 130,276 132,010 — Farmland 402 33 — 435 67,161 67,596 — Commercial 992 3,180 3,458 7,630 1,232,322 1,239,952 — Factored receivables 21,233 5,676 32,897 59,806 1,118,298 1,178,104 32,897 Consumer 146 14 9 169 8,744 8,913 — Mortgage warehouse — — — — 889,960 889,960 — Total $ 24,772 $ 9,130 $ 38,147 $ 72,049 $ 4,237,957 $ 4,310,006 $ 32,897 (Dollars in thousands) Past Due Past Due Past Due 90 Total Current Total Past Due 90 December 31, 2022 Commercial real estate $ 1,301 $ — $ 455 $ 1,756 $ 676,388 $ 678,144 $ — Construction, land development, land — — 145 145 90,831 90,976 — 1-4 family residential 936 531 776 2,243 123,738 125,981 — Farmland — — — — 68,934 68,934 — Commercial 1,630 3,139 2,847 7,616 1,243,494 1,251,110 — Factored receivables 42,797 12,651 37,142 92,590 1,144,859 1,237,449 37,142 Consumer 52 41 2 95 8,773 8,868 — Mortgage warehouse — — — — 658,829 658,829 — Total $ 46,716 $ 16,362 $ 41,367 $ 104,445 $ 4,015,846 $ 4,120,291 $ 37,142
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: March 31, 2023 December 31, 2022 (Dollars in thousands) Total Nonaccrual Nonaccrual Total Nonaccrual Nonaccrual Commercial real estate $ 2,598 $ 2,468 $ 871 $ 319 Construction, land development, land — — 150 150 1-4 family residential 1,226 1,020 1,391 1,238 Farmland 654 654 400 400 Commercial 13,529 3,273 15,393 3,662 Factored receivables — — — — Consumer 89 89 91 91 Mortgage warehouse — — — — $ 18,096 $ 7,504 $ 18,296 $ 5,860
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: Three Months Ended March 31, (Dollars in thousands) 2023 2022 Commercial real estate $ 16 $ — Construction, land development, land — — 1-4 family residential — — Farmland 22 — Commercial 7 4 Factored receivables — — Consumer — — Mortgage warehouse — — $ 45 $ 4
Schedule of Nonperforming Loans	The following table presents information regarding nonperforming loans: (Dollars in thousands) March 31, 2023 December 31, 2022 Nonaccrual loans $ 18,096 $ 18,296 Factored receivables greater than 90 days past due 25,125 28,940 Other nonperforming factored receivables (1) 276 491 Troubled debt restructurings accruing interest — 503 $ 43,497 $ 48,230 (1) Other nonperforming factored receivables represent the portion of the Over-Formula Advance Portfolio that is not covered by Covenant's indemnification as well as other nonperforming factored receivables less than 90 days past due. This amount is also considered Classified from a risk rating perspective.
Summary of Risk Category of Loans	As of March 31, 2023 and December 31, 2022, based on the most recent analysis performed, the risk category of loans is as follows: Revolving Revolving Total (Dollars in thousands) Year of Origination March 31, 2023 2023 2022 2021 2020 2019 Prior Commercial real estate Pass $ 39,937 $ 213,434 $ 160,658 $ 193,211 $ 27,623 $ 49,660 $ 2,665 $ 423 $ 687,611 Classified 755 3,748 423 2,568 39 16 — — 7,549 Total commercial real estate $ 40,692 $ 217,182 $ 161,081 $ 195,779 $ 27,662 $ 49,676 $ 2,665 $ 423 $ 695,160 YTD gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Construction, land development, land Pass $ 22,290 $ 61,733 $ 6,550 $ 3,398 $ 3,146 $ 459 $ 735 $ — $ 98,311 Classified — — — — — — — — — Total construction, land development, land $ 22,290 $ 61,733 $ 6,550 $ 3,398 $ 3,146 $ 459 $ 735 $ — $ 98,311 YTD gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — 1-4 family residential Pass $ 9,364 $ 25,699 $ 21,231 $ 8,811 $ 2,745 $ 23,886 $ 38,378 $ 590 $ 130,704 Classified 46 30 136 6 53 966 69 — 1,306 Total 1-4 family residential $ 9,410 $ 25,729 $ 21,367 $ 8,817 $ 2,798 $ 24,852 $ 38,447 $ 590 $ 132,010 YTD gross charge-offs $ — $ — $ — $ — $ — $ 5 $ — $ — $ 5 Farmland Pass $ 3,852 $ 15,682 $ 6,706 $ 8,095 $ 2,757 $ 23,748 $ 1,105 $ 200 $ 62,145 Classified 3,848 927 — 118 104 454 — — 5,451 Total farmland $ 7,700 $ 16,609 $ 6,706 $ 8,213 $ 2,861 $ 24,202 $ 1,105 $ 200 $ 67,596 YTD gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial Pass $ 124,074 $ 294,695 $ 148,791 $ 112,083 $ 39,021 $ 15,779 $ 476,912 $ 630 $ 1,211,985 Classified 738 11,283 12,482 2,180 652 184 448 — 27,967 Total commercial $ 124,812 $ 305,978 $ 161,273 $ 114,263 $ 39,673 $ 15,963 $ 477,360 $ 630 $ 1,239,952 YTD gross charge-offs $ 1 $ — $ 5 $ 216 $ — $ — $ — $ — $ 222 Factored receivables Pass $ 1,139,571 $ — $ — $ 7,496 $ — $ — $ — $ — $ 1,147,067 Classified 11,400 — — 19,637 — — — — 31,037 Total factored receivables $ 1,150,971 $ — $ — $ 27,133 $ — $ — $ — $ — $ 1,178,104 YTD gross charge-offs $ — $ 2,293 $ — $ — $ — $ — $ — $ — $ 2,293 Consumer Pass $ 827 $ 2,386 $ 2,139 $ 725 $ 253 $ 2,400 $ 94 $ — $ 8,824 Classified — 9 1 — — 79 — — 89 Total consumer $ 827 $ 2,395 $ 2,140 $ 725 $ 253 $ 2,479 $ 94 $ — $ 8,913 YTD gross charge-offs $ 114 $ 13 $ 7 $ 2 $ — $ 2 $ — $ — $ 138 Mortgage warehouse Pass $ 889,960 $ — $ — $ — $ — $ — $ — $ — $ 889,960 Classified — — — — — — — — — Total mortgage warehouse $ 889,960 $ — $ — $ — $ — $ — $ — $ — $ 889,960 YTD gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Total loans Pass $ 2,229,875 $ 613,629 $ 346,075 $ 333,819 $ 75,545 $ 115,932 $ 519,889 $ 1,843 $ 4,236,607 Classified 16,787 15,997 13,042 24,509 848 1,699 517 — 73,399 Total loans $ 2,246,662 $ 629,626 $ 359,117 $ 358,328 $ 76,393 $ 117,631 $ 520,406 $ 1,843 $ 4,310,006 YTD gross charge-offs $ 115 $ 2,306 $ 12 $ 218 $ — $ 7 $ — $ — $ 2,658 Revolving Revolving Total (Dollars in thousands) Year of Origination December 31, 2022 2022 2021 2020 2019 2018 Prior Commercial real estate Pass $ 231,427 $ 156,895 $ 198,541 $ 28,033 $ 17,786 $ 35,658 $ 3,675 $ — $ 672,015 Classified 3,668 551 1,855 39 — 16 — — 6,129 Total commercial real estate $ 235,095 $ 157,446 $ 200,396 $ 28,072 $ 17,786 $ 35,674 $ 3,675 $ — $ 678,144 Construction, land development, land Pass $ 71,236 $ 11,328 $ 4,535 $ 3,186 $ 35 $ 506 $ — $ — $ 90,826 Classified — — 5 — — 145 — — 150 Total construction, land development, land $ 71,236 $ 11,328 $ 4,540 $ 3,186 $ 35 $ 651 $ — $ — $ 90,976 1-4 family residential Pass $ 26,306 $ 22,639 $ 9,536 $ 2,929 $ 3,528 $ 20,910 $ 38,361 $ 300 $ 124,509 Classified 137 199 7 53 1 1,006 69 — 1,472 Total 1-4 family residential $ 26,443 $ 22,838 $ 9,543 $ 2,982 $ 3,529 $ 21,916 $ 38,430 $ 300 $ 125,981 Farmland Pass $ 18,190 $ 7,291 $ 10,027 $ 2,699 $ 6,742 $ 18,569 $ 1,016 $ 204 $ 64,738 Classified 1,062 2,796 120 108 — 110 — — 4,196 Total farmland $ 19,252 $ 10,087 $ 10,147 $ 2,807 $ 6,742 $ 18,679 $ 1,016 $ 204 $ 68,934 Commercial Pass $ 358,983 $ 181,933 $ 136,635 $ 41,912 $ 5,842 $ 12,145 $ 486,889 $ 161 $ 1,224,500 Classified 10,721 10,579 3,767 1,038 96 116 293 — 26,610 Total commercial $ 369,704 $ 192,512 $ 140,402 $ 42,950 $ 5,938 $ 12,261 $ 487,182 $ 161 $ 1,251,110 Factored receivables Pass $ 1,196,912 $ — $ 7,710 $ — $ — $ — $ — $ — $ 1,204,622 Classified 12,974 — 19,853 — — — — — 32,827 Total factored receivables $ 1,209,886 $ — $ 27,563 $ — $ — $ — $ — $ — $ 1,237,449 Consumer Pass $ 2,768 $ 1,981 $ 894 $ 304 $ 266 $ 2,418 $ 147 $ — $ 8,778 Classified — 1 2 — 8 79 — — 90 Total consumer $ 2,768 $ 1,982 $ 896 $ 304 $ 274 $ 2,497 $ 147 $ — $ 8,868 Mortgage warehouse Pass $ 658,829 $ — $ — $ — $ — $ — $ — $ — $ 658,829 Classified — — — — — — — — — Total mortgage warehouse $ 658,829 $ — $ — $ — $ — $ — $ — $ — $ 658,829 Total loans Pass $ 2,564,651 $ 382,067 $ 367,878 $ 79,063 $ 34,199 $ 90,206 $ 530,088 $ 665 $ 4,048,817 Classified 28,562 14,126 25,609 1,238 105 1,472 362 — 71,474 Total loans $ 2,593,213 $ 396,193 $ 393,487 $ 80,301 $ 34,304 $ 91,678 $ 530,450 $ 665 $ 4,120,291
Summary of Loan Modifications	The following table presents the amortized cost basis at the end of the reporting period of the loans modifications to borrowers experiencing financial difficulty: Term Extension Three Months Ended March 31, 2023 (Dollars in thousands) Amortized Cost % of Portfolio Commercial real estate $ 119 — % Commercial 895 0.1 % The following table describes the financial effect of the modifications made to borrowers experiencing financial difficulty: Term Extension Three Months Ended March 31, 2023 Commercial real estate Modification added a weighted average 0.3 years to the life of the modified loans, which did not have a material impact on cash flows. Commercial Modification added a weighted average 0.3 years to the life of the modified loans, which did not have a material impact on cash flows. Payment Delay Three Months Ended March 31, 2023 (Dollars in thousands) Amortized Cost % of Portfolio Commercial real estate $ 755 0.1 % The following table describes the financial effect of the modifications made to borrowers experiencing financial difficulty: Payment Delay Three Months Ended March 31, 2023 Commercial real estate Modification allowed for a weighted average 0.5 years of interest only payments with remaining balances due at maturity. The following table presents the performance of loans that have been modified in the last twelve months: March 31, 2023 (Dollars in thousands) Current Past Due Past Due Commercial real estate $ 874 $ — $ — Commercial 895 — — $ 1,769 $ — $ —

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets and Goodwill	Goodwill and intangible assets consist of the following: (Dollars in thousands) March 31, 2023 December 31, 2022 Goodwill $ 233,709 $ 233,709 March 31, 2023 December 31, 2022 (Dollars in thousands) Gross Carrying Accumulated Net Carrying Gross Carrying Accumulated Net Carrying Core deposit intangibles $ 43,578 $ (36,074) $ 7,504 $ 43,578 $ (35,347) $ 8,231 Software intangible assets 16,932 (7,761) 9,171 16,932 (6,702) 10,230 Other intangible assets 33,452 (17,877) 15,575 30,410 (16,813) 13,597 $ 93,962 $ (61,712) $ 32,250 $ 90,920 $ (58,862) $ 32,058
Schedule of Changes in Goodwill and Intangible Assets	The changes in goodwill and intangible assets during the three months ended March 31, 2023 and 2022 are as follows: Three Months Ended March 31, (Dollars in thousands) 2023 2022 Beginning balance $ 265,767 $ 276,856 Acquired intangible assets 3,042 — Acquired goodwill - measurement period adjustment — (18) Goodwill transferred to assets held for sale — (3,217) Intangible assets transferred to assets held for sale — (1,394) Amortization of intangibles (2,850) (3,108) Ending balance $ 265,959 $ 269,119

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Pre-Tax Impact of Terminated Cash Flow Hedge on AOCI	The following table presents the pre-tax impact of the terminated cash flow hedge on AOCI: Three Months Ended March 31, (Dollars in thousands) 2023 2022 Unrealized gains on terminated hedges Beginning Balance $ — $ — Unrealized gains arising during the period — 9,316 Reclassification adjustments for amortization of unrealized (gains) into net income — (233) Ending Balance $ — $ 9,083
Schedule of Pre-Tax Impact of Terminated Cash Flow Hedge on AOCI	The table below presents the effect of cash flow hedge accounting on Accumulated Other Comprehensive Income, net of tax: Amount of Amount of Location of Amount of Amount of (Dollars in thousands) Three Months Ended March 31, 2022 Derivatives in cash flow hedging relationships: Interest rate swaps $ 2,398 $ 2,398 Interest Expense $ (164) $ (164)

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	3 Months Ended
	Mar. 31, 2023
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

Off-Balance Sheet Loan Commit_2

Off-Balance Sheet Loan Commitments (Tables)	3 Months Ended
	Mar. 31, 2023
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: March 31, 2023 December 31, 2022 (Dollars in thousands) Fixed Rate Variable Rate Total Fixed Rate Variable Rate Total Unused lines of credit $ 19,087 $ 562,218 $ 581,305 $ 1,417 $ 487,965 $ 489,382 Standby letters of credit $ 14,524 $ 5,924 $ 20,448 $ 12,309 $ 4,897 $ 17,206 Commitments to purchase loans $ — $ 40,737 $ 40,737 $ — $ 53,572 $ 53,572 Mortgage warehouse commitments $ — $ 828,659 $ 828,659 $ — $ 1,055,117 $ 1,055,117
Securities Borrowed, Allowance for Credit Loss	The following table presents credit loss expense for off balance sheet credit exposures: Three Months Ended March 31, (Dollars in thousands) 2023 2022 Credit loss expense (benefit) $ 819 $ (736)

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	3 Months Ended
	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Assets and Liabilities 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 March 31, 2023 Level 1 Level 2 Level 3 Assets measured at fair value on a recurring basis Securities available for sale Mortgage-backed securities, residential $ — $ 47,955 $ — $ 47,955 Asset-backed securities — 6,293 — 6,293 State and municipal — 13,417 — 13,417 CLO securities — 246,869 — 246,869 Corporate bonds — 770 — 770 SBA pooled securities — 1,793 — 1,793 $ — $ 317,097 $ — $ 317,097 Equity securities with readily determinable fair values Mutual fund $ 4,498 $ — $ — $ 4,498 Loans held for sale $ — $ 3,954 $ — $ 3,954 Indemnification asset $ — $ — $ 3,691 $ 3,691 Revenue share asset $ — $ — $ 4,532 $ 4,532 Liabilities measured at fair value on a recurring basis Return of premium liability $ — $ — $ 476 $ 476 (Dollars in thousands) Fair Value Measurements Using Total December 31, 2022 Level 1 Level 2 Level 3 Assets measured at fair value on a recurring basis Securities available for sale Mortgage-backed securities, residential $ — $ 50,633 $ — $ 50,633 Asset-backed securities — 6,331 — 6,331 State and municipal — 13,438 — 13,438 CLO Securities — 181,011 — 181,011 Corporate bonds — 1,263 — 1,263 SBA pooled securities — 1,828 — 1,828 $ — $ 254,504 $ — $ 254,504 Equity securities with readily determinable fair values Mutual fund $ 5,191 $ — $ — $ 5,191 Loans held for sale $ — $ 5,641 $ — $ 5,641 Indemnification asset $ — $ — $ 3,896 $ 3,896 Revenue share asset $ — $ — $ 5,515 $ 5,515 Liabilities measured at fair value on a recurring basis Return of premium liability $ — $ — $ 575 $ 575
Reconciliation of Opening Balance to Closing Balance of Fair Value of Contingent Consideration	A reconciliation of the opening balance to the closing balance of the fair value of the indemnification asset is as follows: Three Months Ended March 31, (Dollars in thousands) 2023 2022 Beginning balance $ 3,896 $ 4,786 Indemnification asset recognized in business combination — — Change in fair value of indemnification asset recognized in earnings (205) (204) Indemnification reduction — — Ending balance $ 3,691 $ 4,582 Three Months Ended March 31, (Dollars in thousands) 2023 2022 Beginning balance $ 5,515 $ — Revenue share asset recognized — — Change in fair value of revenue share asset recognized in earnings (620) — Revenue share payments received (363) — Ending balance $ 4,532 $ — Three Months Ended March 31, (Dollars in thousands) 2023 2022 Beginning balance $ 575 $ — Return of premium liability recognized in business combination — — Change in fair value of return of premium liability recognized in earnings (99) — Return of premium payments made — — Ending balance $ 476 $ —
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 March 31, 2023 and December 31, 2022. (Dollars in thousands) Fair Value Measurements Using Total March 31, 2023 Level 1 Level 2 Level 3 Collateral dependent loans Commercial real estate $ — $ — $ 98 $ 98 1-4 family residential — — 80 80 Commercial — — 4,855 4,855 Factored receivables — — 27,780 27,780 $ — $ — $ 32,813 $ 32,813 (Dollars in thousands) Fair Value Measurements Using Total December 31, 2022 Level 1 Level 2 Level 3 Collateral dependent loans Commercial real estate $ — $ — $ 269 $ 269 1-4 family residential — — 46 46 Commercial — — 6,994 6,994 Factored receivables — — 29,367 29,367 Equity investment without readily determinable fair value 38,088 — — 38,088 $ 38,088 $ — $ 36,676 $ 74,764
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 at March 31, 2023 and December 31, 2022 were as follows: (Dollars in thousands) Carrying Fair Value Measurements Using Total March 31, 2023 Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 417,715 $ 417,715 $ — $ — $ 417,715 Securities - held to maturity 3,868 — — 5,184 5,184 Loans not previously presented, gross 4,284,232 147,334 — 4,050,201 4,197,535 FHLB and other restricted stock 24,506 N/A N/A N/A N/A Accrued interest receivable 25,277 25,277 — — 25,277 Financial liabilities: Deposits 4,038,994 — 4,028,969 — 4,028,969 Customer repurchase agreements 3,208 — 3,208 — 3,208 Federal Home Loan Bank advances 530,000 — 530,000 — 530,000 Subordinated notes 108,016 — 107,301 — 107,301 Junior subordinated debentures 41,299 — 42,874 — 42,874 Accrued interest payable 4,018 4,018 — — 4,018 (Dollars in thousands) Carrying Fair Value Measurements Using Total December 31, 2022 Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 408,182 $ 408,182 $ — $ — $ 408,182 Securities - held to maturity 4,077 — — 5,476 5,476 Loans not previously presented, gross 4,088,411 187,729 — 3,805,701 3,993,430 FHLB and other restricted stock 6,252 N/A N/A N/A N/A Accrued interest receivable 21,977 21,977 — — 21,977 Financial liabilities: Deposits 4,171,336 — 4,159,695 — 4,159,695 Customer repurchase agreements 340 — 340 — 340 Federal Home Loan Bank advances 30,000 — 30,000 — 30,000 Subordinated notes 107,800 — 104,400 — 104,400 Junior subordinated debentures 41,158 — 42,721 — 42,721 Accrued interest payable 2,830 2,830 — — 2,830

Regulatory Matters (Tables)

Regulatory Matters (Tables)	3 Months Ended
	Mar. 31, 2023
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. (Dollars in thousands) Actual Minimum for Capital To Be Well March 31, 2023 Amount Ratio Amount Ratio Amount Ratio Total capital (to risk weighted assets) Triumph Financial, Inc. $ 764,665 15.5% $ 394,666 8.0% N/A N/A TBK Bank, SSB $ 731,761 15.0% $ 390,273 8.0% $ 487,841 10.0% Tier 1 capital (to risk weighted assets) Triumph Financial, Inc. $ 617,106 12.5% $ 296,211 6.0% N/A N/A TBK Bank, SSB $ 694,495 14.2% $ 293,449 6.0% $ 391,265 8.0% Common equity Tier 1 capital (to risk weighted assets) Triumph Financial, Inc. $ 530,807 10.8% $ 221,170 4.5% N/A N/A TBK Bank, SSB $ 694,495 14.2% $ 220,086 4.5% $ 317,903 6.5% Tier 1 capital (to average assets) Triumph Financial, Inc. $ 617,106 12.2% $ 202,330 4.0% N/A N/A TBK Bank, SSB $ 694,495 13.7% $ 202,772 4.0% $ 253,465 5.0% As of December 31, 2022 Total capital (to risk weighted assets) Triumph Financial, Inc. $ 829,928 17.7% $ 375,109 8.0% N/A N/A TBK Bank, SSB $ 732,785 15.8% $ 371,030 8.0% $ 463,788 10.0% Tier 1 capital (to risk weighted assets) Triumph Financial, Inc. $ 684,381 14.6% $ 281,252 6.0% N/A N/A TBK Bank, SSB $ 697,022 15.0% $ 278,809 6.0% $ 371,745 8.0% Common equity Tier 1 capital (to risk weighted assets) Triumph Financial, Inc. $ 598,223 12.7% $ 211,969 4.5% N/A N/A TBK Bank, SSB $ 697,022 15.0% $ 209,107 4.5% $ 302,043 6.5% Tier 1 capital (to average assets) Triumph Financial, Inc. $ 684,381 13.0% $ 210,579 4.0% N/A N/A TBK Bank, SSB $ 697,022 13.2% $ 211,219 4.0% $ 264,023 5.0%

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2023
Equity [Abstract]
Summary of Capital Structure	The following summarizes the capital structure of Triumph Financial, Inc. Preferred Stock Series C (Dollars in thousands, except per share amounts) March 31, 2023 December 31, 2022 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 March 31, 2023 December 31, 2022 Shares authorized 50,000,000 50,000,000 Shares issued 28,717,275 28,321,716 Treasury shares (5,346,760) (4,268,131) Shares outstanding 23,370,515 24,053,585 Par value per share $ 0.01 $ 0.01

Stock Based Compensation (Table

Stock Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2023
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 three months ended March 31, 2023 were as follows: Nonvested RSAs Shares Weighted-Average Nonvested at January 1, 2023 230,486 70.34 Granted 6,852 58.25 Vested (6,852) 58.25 Forfeited (10,961) 76.91 Nonvested at March 31, 2023 219,525 70.02
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 three months ended March 31, 2023 were as follows: Nonvested RSUs Shares Weighted-Average Nonvested at January 1, 2023 211,300 59.45 Granted — — Vested (3,750) 126 Forfeited (2,513) 67.53 Nonvested at March 31, 2023 205,037 58.14
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 three months ended March 31, 2023 were as follows: Nonvested Market Based PSUs Shares Weighted-Average Nonvested at January 1, 2023 112,486 $ 55.57 Granted — — Incremental shares earned — — Vested — — Forfeited (156) 38.75 Nonvested at March 31, 2023 112,330 $ 55.60 A summary of changes in the Company’s nonvested Performance Based Performance Stock Units (“Performance Based PSUs”) under the Omnibus Incentive Plan for the three months ended March 31, 2023 were as follows: Nonvested Performance Based PSUs Shares Weighted Average Nonvested at January 1, 2023 255,738 $ 39.57 Granted — — Incremental shares earned 107,404 N/A Vested (363,142) 40 Forfeited — — Nonvested at March 31, 2023 — $ —
Summary of Changes in Company's Stock Options	A summary of the changes in the Company’s stock options under the Omnibus Incentive Plan for the three months ended March 31, 2023 were as follows: Stock Options Shares Weighted-Average Weighted-Average Aggregate Outstanding at January 1, 2023 195,398 $ 39.48 Granted — — Exercised (2,586) 30.43 Forfeited or expired — — Outstanding at March 31, 2023 192,812 $ 39.60 5.81 $ 4,447 Fully vested shares and shares expected to vest at March 31, 2023 192,812 $ 39.60 5.81 $ 4,447 Shares exercisable at March 31, 2023 126,372 $ 29.08 4.56 $ 3,792
Schedule of Information Related to Stock Options	Information related to the stock options for the three months ended March 31, 2023 and 2022 was as follows: Three Months Ended March 31, (Dollars in thousands, except per share amounts) 2023 2022 Aggregate intrinsic value of options exercised $ 79 $ 277 Cash received from option exercises, net (33) (74) Tax benefit realized from option exercises 16 58 Weighted average fair value per share of options granted $ — $ —

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2023
Earnings Per Share [Abstract]
Factors Used in Computation of Earnings Per Share	The factors used in the earnings per share computation follow: Three Months Ended March 31, (Dollars in thousands) 2023 2022 Basic Net income to common stockholders $ 10,209 $ 23,528 Weighted average common shares outstanding 23,361,732 24,800,771 Basic earnings per common share $ 0.44 $ 0.95 Diluted Net income to common stockholders $ 10,209 $ 23,528 Weighted average common shares outstanding 23,361,732 24,800,771 Dilutive effects of: Assumed exercises of stock options 76,129 107,359 Restricted stock awards 140,006 237,305 Restricted stock units 116,754 86,099 Performance stock units - market based 121,047 139,563 Performance stock units - performance based — — Employee stock purchase program 496 771 Average shares and dilutive potential common shares 23,816,164 25,371,868 Diluted earnings per common share $ 0.43 $ 0.93
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 are as follows: Three Months Ended March 31, 2023 2022 Stock options 49,379 12,911 Restricted stock awards — 8,463 Restricted stock units 11,250 15,000 Performance stock units - market based 42,056 — Performance stock units - performance based — 258,635 Employee stock purchase program — — Accelerated share repurchase 203,352 —

Business Segment Information (T

Business Segment Information (Tables)	3 Months Ended
	Mar. 31, 2023
Segment Reporting [Abstract]
Schedule of Segment Reporting Information	(Dollars in thousands) Three months ended March 31, 2023 Banking Factoring Payments Corporate Consolidated Total interest income $ 59,726 $ 38,157 $ 2,747 $ 44 $ 100,674 Intersegment interest allocations 7,612 (9,154) 1,542 — — Total interest expense 4,948 — — 2,344 7,292 Net interest income (expense) 62,390 29,003 4,289 (2,300) 93,382 Credit loss expense (benefit) 1,923 549 — 141 2,613 Net interest income after credit loss expense 60,467 28,454 4,289 (2,441) 90,769 Noninterest income 5,673 1,313 3,972 64 11,022 Noninterest expense 32,240 21,769 15,417 19,855 89,281 Net income (loss) before income tax expense $ 33,900 $ 7,998 $ (7,156) $ (22,232) $ 12,510 (Dollars in thousands) Three months ended March 31, 2022 Banking Factoring Payments Corporate Consolidated Total interest income $ 42,183 $ 56,374 $ 4,832 $ 46 $ 103,435 Intersegment interest allocations 605 (552) (53) — — Total interest expense 1,603 — — 1,753 3,356 Net interest income (expense) 41,185 55,822 4,779 (1,707) 100,079 Credit loss expense (benefit) (2,870) 1,949 354 1,068 501 Net interest income after credit loss expense 44,055 53,873 4,425 (2,775) 99,578 Noninterest income 5,971 1,871 3,242 37 11,121 Noninterest expense 28,612 22,131 14,333 13,488 78,564 Net income (loss) before income tax expense $ 21,414 $ 33,613 $ (6,666) $ (16,226) $ 32,135 Total assets and gross loans below include intersegment loans, which eliminate in consolidation. (Dollars in thousands) March 31, 2023 Banking Factoring Payments Corporate Eliminations Consolidated Total assets $ 5,233,980 $ 1,185,543 $ 354,049 $ 1,015,471 $ (2,160,858) $ 5,628,185 Gross loans $ 3,751,776 $ 1,096,071 $ 82,033 $ — $ (619,874) $ 4,310,006 (Dollars in thousands) December 31, 2022 Banking Factoring Payments Corporate Eliminations Consolidated Total assets $ 4,910,628 $ 1,260,209 $ 371,948 $ 1,061,662 $ (2,270,664) $ 5,333,783 Gross loans $ 3,572,716 $ 1,151,727 $ 85,722 $ — $ (689,874) $ 4,120,291

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Narrative (Details)	3 Months Ended
	Mar. 31, 2023 segment
Accounting Policies [Abstract]
Number of reportable segments	4

Acquisitions and Divestitures -

Acquisitions and Divestitures - Summary of Assets and Liabilities in Disposal Group, Equipment Loan Sale (Details) - Equipment Loans Disposal Group - Disposal Group, Disposed of by Sale, Not Discontinued Operations $ in Thousands	Jun. 23, 2022 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Equipment loans	$ 191,167
Accrued interest receivable	1,587
Assets sold	192,754
Cash consideration	197,454
Return of premium liability	(708)
Total consideration	196,746
Transaction costs	73
Gain on sale, net of transaction costs	$ 3,919

Acquisitions and Divestitures_2

Acquisitions and Divestitures - Additional Information (Details) - Disposal Group, Disposed of by Sale, Not Discontinued Operations - USD ($) $ in Thousands	Mar. 31, 2023	Sep. 06, 2022	Jun. 30, 2022	Jun. 23, 2022
Equipment Loans Disposal Group
Business Acquisition [Line Items]
Return of premium liability				$ 708
Factored Receivable Disposal Group
Business Acquisition [Line Items]
Revenue share asset	$ 6,237	$ 1,027	$ 5,210
Factored Receivable Disposal Group | Factored receivables
Business Acquisition [Line Items]
Revenue share asset, percent of expected cash payments to be received			15%
Factored Receivable Disposal Group | Factored receivables | Minimum
Business Acquisition [Line Items]
Revenue share asset, percent of expected cash payments to be received		15%
Factored Receivable Disposal Group | Factored receivables | Maximum
Business Acquisition [Line Items]
Revenue share asset, percent of expected cash payments to be received		20%

Acquisitions and Divestitures_3

Acquisitions and Divestitures - Summary of Assets and Liabilities in Disposal Group, Factored Receivables (Details) - Disposal Group, Disposed of by Sale, Not Discontinued Operations - Factored Receivable Disposal Group - USD ($) $ in Thousands	Mar. 31, 2023	Sep. 06, 2022	Jun. 30, 2022
Disposal Group, Including Discontinued Operation, Assets [Abstract]
Assets sold	$ 88,036	$ 20,148	$ 67,888
Disposal Group, Including Discontinued Operation, Liabilities [Abstract]
Customer reserve noninterest bearing deposits	10,831	1,149	9,682
Liabilities held for sale	10,831	1,149	9,682
Net assets sold	77,205	18,999	58,206
Cash consideration	85,346	19,054	66,292
Revenue share asset	6,237	1,027	5,210
Total consideration	91,583	20,081	71,502
Transaction costs	131	49	82
Gain on sale, net of transaction costs	14,247	1,033	13,214
Factored receivables
Disposal Group, Including Discontinued Operation, Assets [Abstract]
Factored receivables	88,019	20,131	67,888
Accrued interest and fee income	$ 17	$ 17	$ 0

Securities - Additional Informa

Securities - Additional Information (Details) $ in Thousands		3 Months Ended			12 Months Ended
	Jun. 10, 2022 USD ($) agreement	Mar. 31, 2023 USD ($) investment security	Jun. 30, 2022 USD ($)	Mar. 31, 2022 USD ($)	Dec. 31, 2022 USD ($) investment	Oct. 17, 2019 USD ($)
Debt Securities, Available-for-sale [Line Items]
Securities - equity investments with readily determinable fair values		$ 4,498			$ 5,191
Equity securities without readily determinable fair value, upward price adjustment, annual amount		0		$ 0
Equity Securities without readily determinable fair value, carrying value		67,512			49,182
Accrued interest		3,188			$ 2,593
Debt securities, available-for-sale, accrued interest writeoff		$ 0		0
Number of securities in an unrealized loss position | security		135
Number of investments | investment		3			3
Held-to-maturity securities classified as nonaccrual		$ 4,962
Asset Pledged as Collateral
Debt Securities, Available-for-sale [Line Items]
Debt securities		67,514			$ 93,813
Warehouse Solutions Inc
Debt Securities, Available-for-sale [Line Items]
Equity securities without readily determinable fair value, upward price adjustment, annual amount			$ 10,163
Equity method investments and warrants						$ 8,000
Equity method investment, ownership percentage						8%
Equity method investment, ownership percentage to be purchased through exercise of warrant						10%
Number of agreements with affiliate | agreement	2
Equity method investment, loss on impairment of warrants			$ 3,224
Equity securities without readily determinable fair value, percentage of common stock agreed to purchase	10%
Payment to acquire interest in common stock	$ 23,000
Sale of stock, percentage of ownership after transaction	18%
Equity method investments, fair value disclosure				4,925
Equity securities without readily determinable fair value, discontinuation of equity method, amount after adjustment				$ 15,088
Equity Securities without readily determinable fair value, carrying value		38,088			38,088
Mutual fund
Debt Securities, Available-for-sale [Line Items]
Securities - equity investments with readily determinable fair values		$ 4,498			$ 5,191

Securities - Schedule of Gross

Securities - Schedule of Gross Realized and Unrealized Gains (Losses) Recognized on Equity Securities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Unrealized gains (losses) on equity securities held at the reporting date	$ 72	$ (419)
Realized gains (losses) on equity securities sold during the period	18	0
Gross realized and unrealized gains (losses) recognized on equity securities	$ 90	$ (419)

Securities - Equity Securities

Securities - Equity Securities Without Readily Determinable Fair Values (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Equity Securities without readily determinable fair value, at cost	$ 57,349	$ 39,019
Upward adjustments based on observable price changes, cumulative	10,163	10,163
Equity Securities without readily determinable fair value, carrying value	$ 67,512	$ 49,182

Securities - Schedule of Amorti

Securities - Schedule of Amortized Cost of Securities and Their Estimated Fair Values (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Available for sale securities:
Amortized Cost	$ 324,364	$ 263,519
Gross Unrealized Gains	388	427
Gross Unrealized Losses	(7,655)	(9,442)
Allowance for Credit Losses	0	0
Fair Value	317,097	254,504
Held to maturity securities:
Fair Value	5,184	5,476
Allowance for credit losses	(2,585)	(2,444)	$ (2,455)	$ (2,082)
Total held to maturity securities, net of ACL	3,868	4,077
Mortgage-backed securities, residential
Available for sale securities:
Amortized Cost	52,316	55,329
Gross Unrealized Gains	80	235
Gross Unrealized Losses	(4,441)	(4,931)
Allowance for Credit Losses	0	0
Fair Value	47,955	50,633
Asset-backed securities
Available for sale securities:
Amortized Cost	6,333	6,389
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(40)	(58)
Allowance for Credit Losses	0	0
Fair Value	6,293	6,331
State and municipal
Available for sale securities:
Amortized Cost	13,462	13,553
Gross Unrealized Gains	6	1
Gross Unrealized Losses	(51)	(116)
Allowance for Credit Losses	0	0
Fair Value	13,417	13,438
CLO securities
Available for sale securities:
Amortized Cost	249,620	185,068
Gross Unrealized Gains	281	161
Gross Unrealized Losses	(3,032)	(4,218)
Allowance for Credit Losses	0	0
Fair Value	246,869	181,011
Held to maturity securities:
Amortized Cost	6,453	6,521
Gross Unrealized Gains	332	458
Gross Unrecognized Losses	(1,601)	(1,503)
Fair Value	5,184	5,476
Allowance for credit losses	(2,585)	(2,444)
Total held to maturity securities, net of ACL	3,868	4,077
Corporate bonds
Available for sale securities:
Amortized Cost	769	1,270
Gross Unrealized Gains	2	1
Gross Unrealized Losses	(1)	(8)
Allowance for Credit Losses	0	0
Fair Value	770	1,263
SBA pooled securities
Available for sale securities:
Amortized Cost	1,864	1,910
Gross Unrealized Gains	19	29
Gross Unrealized Losses	(90)	(111)
Allowance for Credit Losses	0	0
Fair Value	$ 1,793	$ 1,828

Securities - Schedule of Amor_2

Securities - Schedule of Amortized Cost and Estimated Fair Value of Debt Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Available for Sale Securities, Amortized Cost
Due in one year or less, amortized cost	$ 1,329
Due from one year to five years, amortized cost	1,949
Due from five years to ten years, amortized cost	71,056
Due after ten years, amortized cost	189,517
Available for sale securities, with single maturity date, amortized cost	263,851
Amortized Cost	324,364	$ 263,519
Available for Sale Securities, Fair Value
Due in one year or less, fair value	1,326
Due from one year to five years, fair value	1,932
Due from five years to ten years, fair value	69,699
Due after ten years, fair value	188,099
Available for sale securities, with single maturity date, fair value	261,056
Securities available for sale	317,097	254,504
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	6,453
Due after ten years, amortized cost	0
Held to maturity securities, with single maturity date, amortized cost	6,453
Total held to maturity securities, net of ACL	6,453
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	5,184
Due after ten years, fair value	0
Held to maturity securities, with single maturity date, fair value	5,184
Fair Value	5,184	5,476
Mortgage-backed securities, residential
Available for Sale Securities, Amortized Cost
Available for sale securities, without single maturity date, amortized cost	52,316
Amortized Cost	52,316	55,329
Available for Sale Securities, Fair Value
Available for sale securities, without single maturity date, fair value	47,955
Securities available for sale	47,955	50,633
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	6,333
Amortized Cost	6,333	6,389
Available for Sale Securities, Fair Value
Available for sale securities, without single maturity date, fair value	6,293
Securities available for sale	6,293	6,331
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	1,864
Amortized Cost	1,864	1,910
Available for Sale Securities, Fair Value
Available for sale securities, without single maturity date, fair value	1,793
Securities available for sale	1,793	$ 1,828
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 Availa

Securities - Schedule of Available for Sale Debt Securities in an Unrealized Loss Position (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, fair value	$ 135,638	$ 193,142
Less than 12 months, unrealized losses	(1,718)	(5,201)
12 months or more, fair value	100,750	40,261
12 months or more, unrealized losses	(5,937)	(4,241)
Total, fair value	236,388	233,403
Total, unrealized losses	(7,655)	(9,442)
Mortgage-backed securities, residential
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, fair value	20,508	26,030
Less than 12 months, unrealized losses	(1,086)	(1,507)
12 months or more, fair value	19,774	15,828
12 months or more, unrealized losses	(3,355)	(3,424)
Total, fair value	40,282	41,858
Total, unrealized losses	(4,441)	(4,931)
Asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, fair value	4,994	1,337
Less than 12 months, unrealized losses	(6)	(52)
12 months or more, fair value	1,300	4,994
12 months or more, unrealized losses	(34)	(6)
Total, fair value	6,294	6,331
Total, unrealized losses	(40)	(58)
State and municipal
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, fair value	11,348	12,680
Less than 12 months, unrealized losses	(35)	(116)
12 months or more, fair value	486	0
12 months or more, unrealized losses	(16)	0
Total, fair value	11,834	12,680
Total, unrealized losses	(51)	(116)
CLO securities
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, fair value	98,287	151,572
Less than 12 months, unrealized losses	(590)	(3,407)
12 months or more, fair value	77,951	19,439
12 months or more, unrealized losses	(2,442)	(811)
Total, fair value	176,238	171,011
Total, unrealized losses	(3,032)	(4,218)
Corporate bonds
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, fair value	500	261
Less than 12 months, unrealized losses	(1)	(8)
12 months or more, fair value	0	0
12 months or more, unrealized losses	0	0
Total, fair value	500	261
Total, unrealized losses	(1)	(8)
SBA pooled securities
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, fair value	1	1,262
Less than 12 months, unrealized losses	0	(111)
12 months or more, fair value	1,239	0
12 months or more, unrealized losses	(90)	0
Total, fair value	1,240	1,262
Total, unrealized losses	$ (90)	$ (111)

Securities - Summary of Activit

Securities - Summary of Activity in Allowance for Credit Losses for Held To Maturity Debt Securities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Allowance for credit losses:
Beginning balance	$ 2,444	$ 2,082
Credit loss expense	141	373
Allowance for credit losses ending balance	$ 2,585	$ 2,455

Loans and Allowance for Credi_3

Loans and Allowance for Credit Losses - Schedule of Loans Held for Sale (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for sale	$ 3,954	$ 5,641
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for sale	$ 3,954	$ 5,641

Loans and Allowance for Credi_4

Loans and Allowance for Credit Losses - Schedule of Amortized Cost and Unpaid Principal for Impaired Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost	$ 4,310,006	$ 4,120,291
Unpaid Principal	4,325,455	4,136,981
Difference	(15,449)	(16,690)
Allowance for credit losses	(42,245)	(42,807)
Loans, net	4,267,761	4,077,484
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost	695,160	678,144
Unpaid Principal	696,121	679,239
Difference	(961)	(1,095)
Construction, land development, land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost	98,311	90,976
Unpaid Principal	98,676	91,147
Difference	(365)	(171)
1-4 family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost	132,010	125,981
Unpaid Principal	132,218	126,185
Difference	(208)	(204)
Farmland
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost	67,596	68,934
Unpaid Principal	67,797	69,185
Difference	(201)	(251)
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost	1,239,952	1,251,110
Unpaid Principal	1,249,394	1,262,493
Difference	(9,442)	(11,383)
Factored receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost	1,178,104	1,237,449
Unpaid Principal	1,182,374	1,241,032
Difference	(4,270)	(3,583)
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost	8,913	8,868
Unpaid Principal	8,915	8,871
Difference	(2)	(3)
Mortgage warehouse
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost	889,960	658,829
Unpaid Principal	889,960	658,829
Difference	$ 0	$ 0

Loans and Allowance for Credi_5

Loans and Allowance for Credit Losses - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Premiums and discounts associated with acquired loans	$ 11,009		$ 13,383
Net deferred origination and factoring fees	4,440		3,307
Accrued interest on loans	21,751		19,279
Gross loans	4,310,006		4,120,291
Pledged loans	1,517,997		1,356,922
Credit loss expense	2,613	$ 501
Total Nonaccrual	18,096		18,296
Interest earned on nonaccrual loans	0	0
Commitments to lend	327
Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	38,147		41,367
Loans Held for Investment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Net charge-offs	2,215	1,524
Credit loss expense	1,653	864
Changes in Allowance for Credit Losses
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses due to increase (decrease) in loss drivers	383	(1,017)
Allowance for credit losses due to increase (decrease) in specific reserves	(911)	879
Allowance for credit losses due to increase (decrease) in loan volume and mix	0	(522)
Factored receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Customer reserves	203,171		249,288
Gross loans	1,178,104		1,237,449
Total Nonaccrual	0		0
Factored receivables | Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	32,897		37,142
Factored receivables | Over-Formula Advances
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	7,772		8,202
Factored receivables | Over-Formula Advances | Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Nonaccrual	7,772		8,202
Factored receivables | Misdirected Payments Receivable | United States Postal Service
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	19,361		19,361
Factored receivables | Loans Held for Investment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit loss expense	550	2,235
1-4 family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	132,010		125,981
Total Nonaccrual	1,226		1,391
1-4 family residential | Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	725		776
1-4 family residential | Loans Held for Investment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit loss expense	169	$ (21)
1-4 family residential | Real Eatate Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Residential real estate loans in process of foreclosure	$ 136		$ 129

Loans and Allowance for Credi_6

Loans and Allowance for Credit Losses - Summary of Allowance for Loan and Lease Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	$ 42,807
Credit loss expense (benefit)	2,613	$ 501
Charge-offs	(2,658)
Ending Balance	42,245
Loans Held for Investment
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	42,807	42,213
Credit loss expense (benefit)	1,653	864
Charge-offs	(2,658)	(1,651)
Recoveries	443	127
Ending Balance	42,245	41,553
Commercial real estate
Allowance for Loan and Lease Losses [Roll Forward]
Charge-offs	0
Commercial real estate | Loans Held for Investment
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	4,459	3,961
Credit loss expense (benefit)	(237)	(340)
Charge-offs	0	(108)
Recoveries	70	14
Ending Balance	4,292	3,527
Construction, land development, land
Allowance for Loan and Lease Losses [Roll Forward]
Charge-offs	0
Construction, land development, land | Loans Held for Investment
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	1,155	827
Credit loss expense (benefit)	(17)	73
Charge-offs	0	0
Recoveries	1	1
Ending Balance	1,139	901
1-4 family residential
Allowance for Loan and Lease Losses [Roll Forward]
Charge-offs	(5)
1-4 family residential | Loans Held for Investment
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	838	468
Credit loss expense (benefit)	169	(21)
Charge-offs	(5)	0
Recoveries	2	3
Ending Balance	1,004	450
Farmland
Allowance for Loan and Lease Losses [Roll Forward]
Charge-offs	0
Farmland | Loans Held for Investment
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	483	562
Credit loss expense (benefit)	(11)	(441)
Charge-offs	0	0
Recoveries	0	0
Ending Balance	472	121
Commercial
Allowance for Loan and Lease Losses [Roll Forward]
Charge-offs	(222)
Commercial | Loans Held for Investment
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	15,918	14,485
Credit loss expense (benefit)	947	(607)
Charge-offs	(222)	(724)
Recoveries	40	61
Ending Balance	16,683	13,215
Factored receivables
Allowance for Loan and Lease Losses [Roll Forward]
Charge-offs	(2,293)
Factored receivables | Loans Held for Investment
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	19,121	20,915
Credit loss expense (benefit)	550	2,235
Charge-offs	(2,293)	(708)
Recoveries	203	29
Ending Balance	17,581	22,471
Consumer
Allowance for Loan and Lease Losses [Roll Forward]
Charge-offs	(138)
Consumer | Loans Held for Investment
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	175	226
Credit loss expense (benefit)	21	41
Charge-offs	(138)	(111)
Recoveries	127	19
Ending Balance	185	175
Mortgage warehouse
Allowance for Loan and Lease Losses [Roll Forward]
Charge-offs	0
Mortgage warehouse | Loans Held for Investment
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	658	769
Credit loss expense (benefit)	231	(76)
Charge-offs	0	0
Recoveries	0	0
Ending Balance	$ 889	$ 693

Loans and Allowance for Credi_7

Loans and Allowance for Credit Losses - Summary of Amortized Cost Basis of Collateral Dependent Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Financing Receivable, Allowance for Credit Loss [Line Items]
ACL Allocation	$ 42,245	$ 42,807
Collateral dependent loans
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	57,839	61,481
ACL Allocation	17,261	18,170
Collateral dependent loans | Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	2,274	2,884
Collateral dependent loans | Accounts Receivable
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	39,481	42,409
Collateral dependent loans | Equipment
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	3,317	5,442
Collateral dependent loans | Other
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	12,767	10,746
Commercial real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	2,862	1,143
ACL Allocation	32	283
Commercial real estate | Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	563	1,003
Commercial real estate | Accounts Receivable
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	0	0
Commercial real estate | Equipment
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	0	0
Commercial real estate | Other
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	2,299	140
Construction, land development, land
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	0	150
ACL Allocation	0	0
Construction, land development, land | Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	0	150
Construction, land development, land | Accounts Receivable
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	0	0
Construction, land development, land | Equipment
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	0	0
Construction, land development, land | Other
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	0	0
1-4 family residential
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	1,225	1,391
ACL Allocation	126	108
1-4 family residential | Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	1,180	1,342
1-4 family residential | Accounts Receivable
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	0	0
1-4 family residential | Equipment
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	0	0
1-4 family residential | Other
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	45	49
Farmland
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	654	400
ACL Allocation	0	0
Farmland | Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	419	196
Farmland | Accounts Receivable
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	0	0
Farmland | Equipment
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	104	108
Farmland | Other
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	131	96
Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	13,528	15,897
ACL Allocation	5,402	4,737
Commercial | Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	112	193
Commercial | Accounts Receivable
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	0	0
Commercial | Equipment
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	3,213	5,334
Commercial | Other
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	10,203	10,370
Factored receivables
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	39,481	42,409
ACL Allocation	11,701	13,042
Factored receivables | Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	0	0
Factored receivables | Accounts Receivable
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	39,481	42,409
Factored receivables | Equipment
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	0	0
Factored receivables | Other
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	0	0
Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	89	91
ACL Allocation	0	0
Consumer | Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	0	0
Consumer | Accounts Receivable
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	0	0
Consumer | Equipment
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	0	0
Consumer | Other
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	89	91
Mortgage warehouse
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	0	0
ACL Allocation	0	0
Mortgage warehouse | Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	0	0
Mortgage warehouse | Accounts Receivable
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	0	0
Mortgage warehouse | Equipment
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	0	0
Mortgage warehouse | Other
Financing Receivable, Allowance for Credit Loss [Line Items]
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	Mar. 31, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 4,310,006	$ 4,120,291
Past Due 90 Days or More and Accruing	32,897	37,142
Total Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	72,049	104,445
Past Due 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	24,772	46,716
Past Due 60-90 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	9,130	16,362
Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	38,147	41,367
Current
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	4,237,957	4,015,846
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	695,160	678,144
Past Due 90 Days or More and Accruing	0	0
Commercial real estate | Total Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	1,977	1,756
Commercial real estate | Past Due 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	919	1,301
Commercial real estate | Past Due 60-90 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	0	0
Commercial real estate | Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	1,058	455
Commercial real estate | Current
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	693,183	676,388
Construction, land development, land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	98,311	90,976
Past Due 90 Days or More and Accruing	0	0
Construction, land development, land | Total Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	298	145
Construction, land development, land | Past Due 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	298	0
Construction, land development, land | Past Due 60-90 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	0	0
Construction, land development, land | Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	0	145
Construction, land development, land | Current
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	98,013	90,831
1-4 family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	132,010	125,981
Past Due 90 Days or More and Accruing	0	0
1-4 family residential | Total Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	1,734	2,243
1-4 family residential | Past Due 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	782	936
1-4 family residential | Past Due 60-90 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	227	531
1-4 family residential | Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	725	776
1-4 family residential | Current
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	130,276	123,738
Farmland
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	67,596	68,934
Past Due 90 Days or More and Accruing	0	0
Farmland | Total Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	435	0
Farmland | Past Due 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	402	0
Farmland | Past Due 60-90 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	33	0
Farmland | Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	0	0
Farmland | Current
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	67,161	68,934
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	1,239,952	1,251,110
Past Due 90 Days or More and Accruing	0	0
Commercial | Total Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	7,630	7,616
Commercial | Past Due 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	992	1,630
Commercial | Past Due 60-90 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	3,180	3,139
Commercial | Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	3,458	2,847
Commercial | Current
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	1,232,322	1,243,494
Factored receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	1,178,104	1,237,449
Past Due 90 Days or More and Accruing	32,897	37,142
Factored receivables | Total Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	59,806	92,590
Factored receivables | Past Due 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	21,233	42,797
Factored receivables | Past Due 60-90 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	5,676	12,651
Factored receivables | Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	32,897	37,142
Factored receivables | Current
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	1,118,298	1,144,859
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	8,913	8,868
Past Due 90 Days or More and Accruing	0	0
Consumer | Total Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	169	95
Consumer | Past Due 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	146	52
Consumer | Past Due 60-90 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	14	41
Consumer | Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	9	2
Consumer | Current
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	8,744	8,773
Mortgage warehouse
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	889,960	658,829
Past Due 90 Days or More and Accruing	0	0
Mortgage warehouse | Total Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	0	0
Mortgage warehouse | Past Due 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	0	0
Mortgage warehouse | Past Due 60-90 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	0	0
Mortgage warehouse | Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	0	0
Mortgage warehouse | Current
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 889,960	$ 658,829

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	Mar. 31, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Nonaccrual	$ 18,096	$ 18,296
Nonaccrual With No ACL	7,504	5,860
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Nonaccrual	2,598	871
Nonaccrual With No ACL	2,468	319
Construction, land development, land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Nonaccrual	0	150
Nonaccrual With No ACL	0	150
1-4 family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Nonaccrual	1,226	1,391
Nonaccrual With No ACL	1,020	1,238
Farmland
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Nonaccrual	654	400
Nonaccrual With No ACL	654	400
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Nonaccrual	13,529	15,393
Nonaccrual With No ACL	3,273	3,662
Factored receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Nonaccrual	0	0
Nonaccrual With No ACL	0	0
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Nonaccrual	89	91
Nonaccrual With No ACL	89	91
Mortgage warehouse
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Nonaccrual	0	0
Nonaccrual With No ACL	$ 0	$ 0

Loans and Allowance for Cred_10

Loans and Allowance for Credit Losses - Summary of Accrued Interest on Non Accrual Loans Reversed Through Interest Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest reversed through interest income	$ 45	$ 4
Commercial real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest reversed through interest income	16	0
Construction, land development, land
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest reversed through interest income	0	0
1-4 family residential
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest reversed through interest income	0	0
Farmland
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest reversed through interest income	22	0
Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest reversed through interest income	7	4
Factored receivables
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest reversed through interest income	0	0
Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest reversed through interest income	0	0
Mortgage warehouse
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest reversed through interest income	$ 0	$ 0

Loans and Allowance for Cred_11

Loans and Allowance for Credit Losses - Schedule of Nonperforming Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	$ 18,096	$ 18,296
Factored receivables greater than 90 days past due	32,897	37,142
Factored receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	0	0
Factored receivables greater than 90 days past due	32,897	37,142
Nonperforming Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	18,096	18,296
Other nonperforming factored receivables	276	491
Troubled debt restructurings accruing interest	0	503
Total loans	43,497	48,230
Nonperforming Loans | Factored receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Factored receivables greater than 90 days past due	$ 25,125	$ 28,940

Loans and Allowance for Cred_12

Loans and Allowance for Credit Losses - Summary of Analysis Performed Risk category Loans (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	$ 2,246,662	$ 2,593,213
Financing receivable, year one, originated, current fiscal year, gross charge-offs	115
Financing receivable, year two, originated, fiscal year before current fiscal year	629,626	396,193
Financing receivable, year two, originated, fiscal year before current fiscal year, gross charge-offs	2,306
Financing receivable, year three, originated, two years before current fiscal year	359,117	393,487
Financing receivable, year three, originated, two years before current fiscal year, gross charge-offs	12
Financing receivable, year four, originated, three years before current fiscal year	358,328	80,301
Financing receivable, year four, originated, three years before current fiscal year, gross charge-offs	218
Financing receivable, year five, originated, four years before current fiscal year	76,393	34,304
Financing receivable, year five, originated, four years before current fiscal year, gross charge-offs	0
Prior	117,631	91,678
Prior, gross charge-offs	7
Revolving Loans	520,406	530,450
Revolving loans, gross charge-offs	0
Revolving Loans Converted To Term Loans	1,843	665
Revolving loans converted to term loans, gross charge-offs	0
Amortized Cost	4,310,006	4,120,291
Charge-offs	2,658
Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	2,229,875	2,564,651
Financing receivable, year two, originated, fiscal year before current fiscal year	613,629	382,067
Financing receivable, year three, originated, two years before current fiscal year	346,075	367,878
Financing receivable, year four, originated, three years before current fiscal year	333,819	79,063
Financing receivable, year five, originated, four years before current fiscal year	75,545	34,199
Prior	115,932	90,206
Revolving Loans	519,889	530,088
Revolving Loans Converted To Term Loans	1,843	665
Amortized Cost	4,236,607	4,048,817
Classified
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	16,787	28,562
Financing receivable, year two, originated, fiscal year before current fiscal year	15,997	14,126
Financing receivable, year three, originated, two years before current fiscal year	13,042	25,609
Financing receivable, year four, originated, three years before current fiscal year	24,509	1,238
Financing receivable, year five, originated, four years before current fiscal year	848	105
Prior	1,699	1,472
Revolving Loans	517	362
Revolving Loans Converted To Term Loans	0	0
Amortized Cost	73,399	71,474
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	40,692	235,095
Financing receivable, year one, originated, current fiscal year, gross charge-offs	0
Financing receivable, year two, originated, fiscal year before current fiscal year	217,182	157,446
Financing receivable, year two, originated, fiscal year before current fiscal year, gross charge-offs	0
Financing receivable, year three, originated, two years before current fiscal year	161,081	200,396
Financing receivable, year three, originated, two years before current fiscal year, gross charge-offs	0
Financing receivable, year four, originated, three years before current fiscal year	195,779	28,072
Financing receivable, year four, originated, three years before current fiscal year, gross charge-offs	0
Financing receivable, year five, originated, four years before current fiscal year	27,662	17,786
Financing receivable, year five, originated, four years before current fiscal year, gross charge-offs	0
Prior	49,676	35,674
Prior, gross charge-offs	0
Revolving Loans	2,665	3,675
Revolving loans, gross charge-offs	0
Revolving Loans Converted To Term Loans	423	0
Revolving loans converted to term loans, gross charge-offs	0
Amortized Cost	695,160	678,144
Charge-offs	0
Commercial real estate | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	39,937	231,427
Financing receivable, year two, originated, fiscal year before current fiscal year	213,434	156,895
Financing receivable, year three, originated, two years before current fiscal year	160,658	198,541
Financing receivable, year four, originated, three years before current fiscal year	193,211	28,033
Financing receivable, year five, originated, four years before current fiscal year	27,623	17,786
Prior	49,660	35,658
Revolving Loans	2,665	3,675
Revolving Loans Converted To Term Loans	423	0
Amortized Cost	687,611	672,015
Commercial real estate | Classified
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	755	3,668
Financing receivable, year two, originated, fiscal year before current fiscal year	3,748	551
Financing receivable, year three, originated, two years before current fiscal year	423	1,855
Financing receivable, year four, originated, three years before current fiscal year	2,568	39
Financing receivable, year five, originated, four years before current fiscal year	39	0
Prior	16	16
Revolving Loans	0	0
Revolving Loans Converted To Term Loans	0	0
Amortized Cost	7,549	6,129
Construction, land development, land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	22,290	71,236
Financing receivable, year one, originated, current fiscal year, gross charge-offs	0
Financing receivable, year two, originated, fiscal year before current fiscal year	61,733	11,328
Financing receivable, year two, originated, fiscal year before current fiscal year, gross charge-offs	0
Financing receivable, year three, originated, two years before current fiscal year	6,550	4,540
Financing receivable, year three, originated, two years before current fiscal year, gross charge-offs	0
Financing receivable, year four, originated, three years before current fiscal year	3,398	3,186
Financing receivable, year four, originated, three years before current fiscal year, gross charge-offs	0
Financing receivable, year five, originated, four years before current fiscal year	3,146	35
Financing receivable, year five, originated, four years before current fiscal year, gross charge-offs	0
Prior	459	651
Prior, gross charge-offs	0
Revolving Loans	735	0
Revolving loans, gross charge-offs	0
Revolving Loans Converted To Term Loans	0	0
Revolving loans converted to term loans, gross charge-offs	0
Amortized Cost	98,311	90,976
Charge-offs	0
Construction, land development, land | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	22,290	71,236
Financing receivable, year two, originated, fiscal year before current fiscal year	61,733	11,328
Financing receivable, year three, originated, two years before current fiscal year	6,550	4,535
Financing receivable, year four, originated, three years before current fiscal year	3,398	3,186
Financing receivable, year five, originated, four years before current fiscal year	3,146	35
Prior	459	506
Revolving Loans	735	0
Revolving Loans Converted To Term Loans	0	0
Amortized Cost	98,311	90,826
Construction, land development, land | Classified
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	0	0
Financing receivable, year two, originated, fiscal year before current fiscal year	0	0
Financing receivable, year three, originated, two years before current fiscal year	0	5
Financing receivable, year four, originated, three years before current fiscal year	0	0
Financing receivable, year five, originated, four years before current fiscal year	0	0
Prior	0	145
Revolving Loans	0	0
Revolving Loans Converted To Term Loans	0	0
Amortized Cost	0	150
1-4 family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	9,410	26,443
Financing receivable, year one, originated, current fiscal year, gross charge-offs	0
Financing receivable, year two, originated, fiscal year before current fiscal year	25,729	22,838
Financing receivable, year two, originated, fiscal year before current fiscal year, gross charge-offs	0
Financing receivable, year three, originated, two years before current fiscal year	21,367	9,543
Financing receivable, year three, originated, two years before current fiscal year, gross charge-offs	0
Financing receivable, year four, originated, three years before current fiscal year	8,817	2,982
Financing receivable, year four, originated, three years before current fiscal year, gross charge-offs	0
Financing receivable, year five, originated, four years before current fiscal year	2,798	3,529
Financing receivable, year five, originated, four years before current fiscal year, gross charge-offs	0
Prior	24,852	21,916
Prior, gross charge-offs	5
Revolving Loans	38,447	38,430
Revolving loans, gross charge-offs	0
Revolving Loans Converted To Term Loans	590	300
Revolving loans converted to term loans, gross charge-offs	0
Amortized Cost	132,010	125,981
Charge-offs	5
1-4 family residential | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	9,364	26,306
Financing receivable, year two, originated, fiscal year before current fiscal year	25,699	22,639
Financing receivable, year three, originated, two years before current fiscal year	21,231	9,536
Financing receivable, year four, originated, three years before current fiscal year	8,811	2,929
Financing receivable, year five, originated, four years before current fiscal year	2,745	3,528
Prior	23,886	20,910
Revolving Loans	38,378	38,361
Revolving Loans Converted To Term Loans	590	300
Amortized Cost	130,704	124,509
1-4 family residential | Classified
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	46	137
Financing receivable, year two, originated, fiscal year before current fiscal year	30	199
Financing receivable, year three, originated, two years before current fiscal year	136	7
Financing receivable, year four, originated, three years before current fiscal year	6	53
Financing receivable, year five, originated, four years before current fiscal year	53	1
Prior	966	1,006
Revolving Loans	69	69
Revolving Loans Converted To Term Loans	0	0
Amortized Cost	1,306	1,472
Farmland
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	7,700	19,252
Financing receivable, year one, originated, current fiscal year, gross charge-offs	0
Financing receivable, year two, originated, fiscal year before current fiscal year	16,609	10,087
Financing receivable, year two, originated, fiscal year before current fiscal year, gross charge-offs	0
Financing receivable, year three, originated, two years before current fiscal year	6,706	10,147
Financing receivable, year three, originated, two years before current fiscal year, gross charge-offs	0
Financing receivable, year four, originated, three years before current fiscal year	8,213	2,807
Financing receivable, year four, originated, three years before current fiscal year, gross charge-offs	0
Financing receivable, year five, originated, four years before current fiscal year	2,861	6,742
Financing receivable, year five, originated, four years before current fiscal year, gross charge-offs	0
Prior	24,202	18,679
Prior, gross charge-offs	0
Revolving Loans	1,105	1,016
Revolving loans, gross charge-offs	0
Revolving Loans Converted To Term Loans	200	204
Revolving loans converted to term loans, gross charge-offs	0
Amortized Cost	67,596	68,934
Charge-offs	0
Farmland | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	3,852	18,190
Financing receivable, year two, originated, fiscal year before current fiscal year	15,682	7,291
Financing receivable, year three, originated, two years before current fiscal year	6,706	10,027
Financing receivable, year four, originated, three years before current fiscal year	8,095	2,699
Financing receivable, year five, originated, four years before current fiscal year	2,757	6,742
Prior	23,748	18,569
Revolving Loans	1,105	1,016
Revolving Loans Converted To Term Loans	200	204
Amortized Cost	62,145	64,738
Farmland | Classified
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	3,848	1,062
Financing receivable, year two, originated, fiscal year before current fiscal year	927	2,796
Financing receivable, year three, originated, two years before current fiscal year	0	120
Financing receivable, year four, originated, three years before current fiscal year	118	108
Financing receivable, year five, originated, four years before current fiscal year	104	0
Prior	454	110
Revolving Loans	0	0
Revolving Loans Converted To Term Loans	0	0
Amortized Cost	5,451	4,196
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	124,812	369,704
Financing receivable, year one, originated, current fiscal year, gross charge-offs	1
Financing receivable, year two, originated, fiscal year before current fiscal year	305,978	192,512
Financing receivable, year two, originated, fiscal year before current fiscal year, gross charge-offs	0
Financing receivable, year three, originated, two years before current fiscal year	161,273	140,402
Financing receivable, year three, originated, two years before current fiscal year, gross charge-offs	5
Financing receivable, year four, originated, three years before current fiscal year	114,263	42,950
Financing receivable, year four, originated, three years before current fiscal year, gross charge-offs	216
Financing receivable, year five, originated, four years before current fiscal year	39,673	5,938
Financing receivable, year five, originated, four years before current fiscal year, gross charge-offs	0
Prior	15,963	12,261
Prior, gross charge-offs	0
Revolving Loans	477,360	487,182
Revolving loans, gross charge-offs	0
Revolving Loans Converted To Term Loans	630	161
Revolving loans converted to term loans, gross charge-offs	0
Amortized Cost	1,239,952	1,251,110
Charge-offs	222
Commercial | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	124,074	358,983
Financing receivable, year two, originated, fiscal year before current fiscal year	294,695	181,933
Financing receivable, year three, originated, two years before current fiscal year	148,791	136,635
Financing receivable, year four, originated, three years before current fiscal year	112,083	41,912
Financing receivable, year five, originated, four years before current fiscal year	39,021	5,842
Prior	15,779	12,145
Revolving Loans	476,912	486,889
Revolving Loans Converted To Term Loans	630	161
Amortized Cost	1,211,985	1,224,500
Commercial | Classified
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	738	10,721
Financing receivable, year two, originated, fiscal year before current fiscal year	11,283	10,579
Financing receivable, year three, originated, two years before current fiscal year	12,482	3,767
Financing receivable, year four, originated, three years before current fiscal year	2,180	1,038
Financing receivable, year five, originated, four years before current fiscal year	652	96
Prior	184	116
Revolving Loans	448	293
Revolving Loans Converted To Term Loans	0	0
Amortized Cost	27,967	26,610
Factored receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	1,150,971	1,209,886
Financing receivable, year one, originated, current fiscal year, gross charge-offs	0
Financing receivable, year two, originated, fiscal year before current fiscal year	0	0
Financing receivable, year two, originated, fiscal year before current fiscal year, gross charge-offs	2,293
Financing receivable, year three, originated, two years before current fiscal year	0	27,563
Financing receivable, year three, originated, two years before current fiscal year, gross charge-offs	0
Financing receivable, year four, originated, three years before current fiscal year	27,133	0
Financing receivable, year four, originated, three years before current fiscal year, gross charge-offs	0
Financing receivable, year five, originated, four years before current fiscal year	0	0
Financing receivable, year five, originated, four years before current fiscal year, gross charge-offs	0
Prior	0	0
Prior, gross charge-offs	0
Revolving Loans	0	0
Revolving loans, gross charge-offs	0
Revolving Loans Converted To Term Loans	0	0
Revolving loans converted to term loans, gross charge-offs	0
Amortized Cost	1,178,104	1,237,449
Charge-offs	2,293
Factored receivables | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	1,139,571	1,196,912
Financing receivable, year two, originated, fiscal year before current fiscal year	0	0
Financing receivable, year three, originated, two years before current fiscal year	0	7,710
Financing receivable, year four, originated, three years before current fiscal year	7,496	0
Financing receivable, year five, originated, four years before current fiscal year	0	0
Prior	0	0
Revolving Loans	0	0
Revolving Loans Converted To Term Loans	0	0
Amortized Cost	1,147,067	1,204,622
Factored receivables | Classified
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	11,400	12,974
Financing receivable, year two, originated, fiscal year before current fiscal year	0	0
Financing receivable, year three, originated, two years before current fiscal year	0	19,853
Financing receivable, year four, originated, three years before current fiscal year	19,637	0
Financing receivable, year five, originated, four years before current fiscal year	0	0
Prior	0	0
Revolving Loans	0	0
Revolving Loans Converted To Term Loans	0	0
Amortized Cost	31,037	32,827
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	827	2,768
Financing receivable, year one, originated, current fiscal year, gross charge-offs	114
Financing receivable, year two, originated, fiscal year before current fiscal year	2,395	1,982
Financing receivable, year two, originated, fiscal year before current fiscal year, gross charge-offs	13
Financing receivable, year three, originated, two years before current fiscal year	2,140	896
Financing receivable, year three, originated, two years before current fiscal year, gross charge-offs	7
Financing receivable, year four, originated, three years before current fiscal year	725	304
Financing receivable, year four, originated, three years before current fiscal year, gross charge-offs	2
Financing receivable, year five, originated, four years before current fiscal year	253	274
Financing receivable, year five, originated, four years before current fiscal year, gross charge-offs	0
Prior	2,479	2,497
Prior, gross charge-offs	2
Revolving Loans	94	147
Revolving loans, gross charge-offs	0
Revolving Loans Converted To Term Loans	0	0
Revolving loans converted to term loans, gross charge-offs	0
Amortized Cost	8,913	8,868
Charge-offs	138
Consumer | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	827	2,768
Financing receivable, year two, originated, fiscal year before current fiscal year	2,386	1,981
Financing receivable, year three, originated, two years before current fiscal year	2,139	894
Financing receivable, year four, originated, three years before current fiscal year	725	304
Financing receivable, year five, originated, four years before current fiscal year	253	266
Prior	2,400	2,418
Revolving Loans	94	147
Revolving Loans Converted To Term Loans	0	0
Amortized Cost	8,824	8,778
Consumer | Classified
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	0	0
Financing receivable, year two, originated, fiscal year before current fiscal year	9	1
Financing receivable, year three, originated, two years before current fiscal year	1	2
Financing receivable, year four, originated, three years before current fiscal year	0	0
Financing receivable, year five, originated, four years before current fiscal year	0	8
Prior	79	79
Revolving Loans	0	0
Revolving Loans Converted To Term Loans	0	0
Amortized Cost	89	90
Mortgage warehouse
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	889,960	658,829
Financing receivable, year one, originated, current fiscal year, gross charge-offs	0
Financing receivable, year two, originated, fiscal year before current fiscal year	0	0
Financing receivable, year two, originated, fiscal year before current fiscal year, gross charge-offs	0
Financing receivable, year three, originated, two years before current fiscal year	0	0
Financing receivable, year three, originated, two years before current fiscal year, gross charge-offs	0
Financing receivable, year four, originated, three years before current fiscal year	0	0
Financing receivable, year four, originated, three years before current fiscal year, gross charge-offs	0
Financing receivable, year five, originated, four years before current fiscal year	0	0
Financing receivable, year five, originated, four years before current fiscal year, gross charge-offs	0
Prior	0	0
Prior, gross charge-offs	0
Revolving Loans	0	0
Revolving loans, gross charge-offs	0
Revolving Loans Converted To Term Loans	0	0
Revolving loans converted to term loans, gross charge-offs	0
Amortized Cost	889,960	658,829
Charge-offs	0
Mortgage warehouse | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	889,960	658,829
Financing receivable, year two, originated, fiscal year before current fiscal year	0	0
Financing receivable, year three, originated, two years before current fiscal year	0	0
Financing receivable, year four, originated, three years before current fiscal year	0	0
Financing receivable, year five, originated, four years before current fiscal year	0	0
Prior	0	0
Revolving Loans	0	0
Revolving Loans Converted To Term Loans	0	0
Amortized Cost	889,960	658,829
Mortgage warehouse | Classified
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	0	0
Financing receivable, year two, originated, fiscal year before current fiscal year	0	0
Financing receivable, year three, originated, two years before current fiscal year	0	0
Financing receivable, year four, originated, three years before current fiscal year	0	0
Financing receivable, year five, originated, four years before current fiscal year	0	0
Prior	0	0
Revolving Loans	0	0
Revolving Loans Converted To Term Loans	0	0
Amortized Cost	$ 0	$ 0

Loans and Allowance for Cred_13

Loans and Allowance for Credit Losses - Amortized Cost Basis of Loan Modifications (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($)
Commercial real estate | Term Extension
Financing Receivable, Modified [Line Items]
Amortized Cost	$ 119
% of Portfolio	0%
Commercial real estate | Payment Delay
Financing Receivable, Modified [Line Items]
Amortized Cost	$ 755
% of Portfolio	0.10%
Commercial | Term Extension
Financing Receivable, Modified [Line Items]
Amortized Cost	$ 895
% of Portfolio	0.10%

Loans and Allowance for Cred_14

Loans and Allowance for Credit Losses - Financial Effect of Loan Modifications (Details)	3 Months Ended
	Mar. 31, 2023
Commercial real estate | Term Extension
Financing Receivable, Modified [Line Items]
Period modifications (years)	3 months 18 days
Commercial real estate | Payment Delay
Financing Receivable, Modified [Line Items]
Period modifications (years)	6 months
Commercial | Term Extension
Financing Receivable, Modified [Line Items]
Period modifications (years)	3 months 18 days

Loans and Allowance for Cred_15

Loans and Allowance for Credit Losses - Performance of Modified Loans (Details) $ in Thousands	Mar. 31, 2023 USD ($)
Current
Financing Receivable, Modified [Line Items]
Modified loans	$ 1,769
Current | Commercial real estate
Financing Receivable, Modified [Line Items]
Modified loans	874
Current | Commercial
Financing Receivable, Modified [Line Items]
Modified loans	895
Past Due 30-89 Days
Financing Receivable, Modified [Line Items]
Modified loans	0
Past Due 30-89 Days | Commercial real estate
Financing Receivable, Modified [Line Items]
Modified loans	0
Past Due 30-89 Days | Commercial
Financing Receivable, Modified [Line Items]
Modified loans	0
Past Due 90 Days or More
Financing Receivable, Modified [Line Items]
Modified loans	0
Past Due 90 Days or More | Commercial real estate
Financing Receivable, Modified [Line Items]
Modified loans	0
Past Due 90 Days or More | Commercial
Financing Receivable, Modified [Line Items]
Modified loans	$ 0

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Schedule of Intangible Assets and Goodwill (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Goodwill And Intangible Assets [Line Items]
Goodwill	$ 233,709	$ 233,709
Gross Carrying Amount	93,962	90,920
Accumulated Amortization	(61,712)	(58,862)
Net Carrying Amount	32,250	32,058
Core deposit intangibles
Goodwill And Intangible Assets [Line Items]
Gross Carrying Amount	43,578	43,578
Accumulated Amortization	(36,074)	(35,347)
Net Carrying Amount	7,504	8,231
Software intangible assets
Goodwill And Intangible Assets [Line Items]
Gross Carrying Amount	16,932	16,932
Accumulated Amortization	(7,761)	(6,702)
Net Carrying Amount	9,171	10,230
Other intangible assets
Goodwill And Intangible Assets [Line Items]
Gross Carrying Amount	33,452	30,410
Accumulated Amortization	(17,877)	(16,813)
Net Carrying Amount	$ 15,575	$ 13,597

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Schedule of Changes in Goodwill and Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Goodwill [Roll Forward]
Beginning balance	$ 265,767	$ 276,856
Acquired intangible assets	3,042	0
Acquired goodwill - measurement period adjustment	0	(18)
Goodwill transferred to assets held for sale	0	(3,217)
Intangible assets transferred to assets held for sale	0	(1,394)
Amortization of intangibles	(2,850)	(3,108)
Ending balance	$ 265,959	$ 269,119

Derivative Financial Instrume_3

Derivative Financial Instruments - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Reclassification of amount of (gains) losses recognized into income	$ 0		$ 217
Discontinued Cash Flow Hedge | Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Termination fee		$ 732
Discontinued Cash Flow Hedge | Other Noninterest Income
Derivative Instruments, Gain (Loss) [Line Items]
Reclassification of amount of (gains) losses recognized into income		8,851
Discontinued Cash Flow Hedge | Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent
Derivative Instruments, Gain (Loss) [Line Items]
Termination value	$ 0		9,316
Interest rate swaps | Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Reclassification of amount of (gains) losses recognized into income		$ 232	233
Other assets | Interest rate swaps | Derivatives designated as hedging instruments
Derivative Instruments, Gain (Loss) [Line Items]
Derivative asset, notional value			$ 200,000

Derivative Financial Instrume_4

Derivative Financial Instruments - Pre-Tax Impact of Terminated Cash Flow Hedge on AOCI (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
AOCI Attributable to Parent, Before Tax [Roll Forward]
Beginning Balance	$ 888,971	$ 858,864
Ending Balance	827,216	886,665
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent | Discontinued Cash Flow Hedge
AOCI Attributable to Parent, Before Tax [Roll Forward]
Beginning Balance	0	0
Unrealized gains arising during the period	0	9,316
Reclassification adjustments for amortization of unrealized (gains) into net income	0	(233)
Ending Balance	$ 0	$ 9,083

Derivative Financial Instrume_5

Derivative Financial Instruments - Schedule of Effect of Fair Value and Cash Flow Hedge on Accumulated Other Comprehensive Income, Net of Tax (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Recognized in OCI on Derivative	$ 0	$ 2,234
Amount of (Gain) or Loss Reclassified from AOCI into Income	$ 0	164
Interest rate swaps
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Recognized in OCI on Derivative		2,398
Interest rate swaps | Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Gain) or Loss Reclassified from AOCI into Income		$ (164)

Variable Interest Entities - Su

Variable Interest Entities - Summary of Closed Collateralized Loan Obligation ("CLO") Funds (Details) - Collateralized Loan Obligation Funds - USD ($) $ in Thousands	Jun. 20, 2017	Sep. 22, 2016	Jun. 02, 2016
Trinitas IV
Variable Interest Entity [Line Items]
Offering Amount			$ 406,650
Trinitas V
Variable Interest Entity [Line Items]
Offering Amount		$ 409,000
Trinitas VI
Variable Interest Entity [Line Items]
Offering Amount	$ 717,100

Variable Interest Entities - Ad

Variable Interest Entities - Additional Information - (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Variable Interest Entity [Line Items]
Total held to maturity securities, net of ACL	$ 3,868	$ 4,077
Collateralized Loan Obligation Funds
Variable Interest Entity [Line Items]
Total held to maturity securities, net of ACL	$ 3,868	$ 4,077

Off-Balance Sheet Loan Commit_3

Off-Balance Sheet Loan Commitments - Summary of Financial Instruments with Off-Balance Sheet Risk - (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Unused lines of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	$ 19,087	$ 1,417
Variable Rate	562,218	487,965
Total	581,305	489,382
Standby letters of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	14,524	12,309
Variable Rate	5,924	4,897
Total	20,448	17,206
Commitments to purchase loans
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	0	0
Variable Rate	40,737	53,572
Total	40,737	53,572
Mortgage warehouse commitments
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	0	0
Variable Rate	828,659	1,055,117
Total	$ 828,659	$ 1,055,117

Off-Balance Sheet Loan Commit_4

Off-Balance Sheet Loan Commitments - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Other Noninterest Expense
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Credit loss expense (benefit)	$ 819	$ (736)
Other Liabilities
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Allowance for credit losses on off-balance sheet credit exposure	$ 4,425		$ 3,606

Fair Value Disclosures - Assets

Fair Value Disclosures - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Assets measured at fair value on a recurring basis
Securities available for sale	$ 317,097	$ 254,504
Equity securities with readily determinable fair values	4,498	5,191
Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities available for sale	317,097	254,504
Loans held for sale	3,954	5,641
Indemnification asset	3,691	3,896
Revenue share asset	4,532	5,515
Liabilities measured at fair value on a recurring basis	476	575
Mutual fund
Assets measured at fair value on a recurring basis
Equity securities with readily determinable fair values	4,498	5,191
Mutual fund | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Equity securities with readily determinable fair values	4,498	5,191
Mortgage-backed securities, residential
Assets measured at fair value on a recurring basis
Securities available for sale	47,955	50,633
Mortgage-backed securities, residential | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities available for sale	47,955	50,633
Asset-backed securities
Assets measured at fair value on a recurring basis
Securities available for sale	6,293	6,331
Asset-backed securities | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities available for sale	6,293	6,331
State and municipal
Assets measured at fair value on a recurring basis
Securities available for sale	13,417	13,438
State and municipal | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities available for sale	13,417	13,438
CLO securities
Assets measured at fair value on a recurring basis
Securities available for sale	246,869	181,011
CLO securities | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities available for sale	246,869	181,011
Corporate bonds
Assets measured at fair value on a recurring basis
Securities available for sale	770	1,263
Corporate bonds | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities available for sale	770	1,263
SBA pooled securities
Assets measured at fair value on a recurring basis
Securities available for sale	1,793	1,828
SBA pooled securities | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities available for sale	1,793	1,828
Level 1 | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities available for sale	0	0
Loans held for sale	0	0
Indemnification asset	0	0
Revenue share asset	0	0
Liabilities measured at fair value on a recurring basis	0	0
Level 1 | Mutual fund | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Equity securities with readily determinable fair values	4,498	5,191
Level 1 | Mortgage-backed securities, residential | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities available for sale	0	0
Level 1 | Asset-backed securities | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities available for sale	0	0
Level 1 | State and municipal | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities available for sale	0	0
Level 1 | CLO securities | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities available for sale	0	0
Level 1 | Corporate bonds | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities available for sale	0	0
Level 1 | SBA pooled securities | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities available for sale	0	0
Level 2 | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities available for sale	317,097	254,504
Loans held for sale	3,954	5,641
Indemnification asset	0	0
Revenue share asset	0	0
Liabilities measured at fair value on a recurring basis	0	0
Level 2 | Mutual fund | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Equity securities with readily determinable fair values	0	0
Level 2 | Mortgage-backed securities, residential | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities available for sale	47,955	50,633
Level 2 | Asset-backed securities | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities available for sale	6,293	6,331
Level 2 | State and municipal | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities available for sale	13,417	13,438
Level 2 | CLO securities | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities available for sale	246,869	181,011
Level 2 | Corporate bonds | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities available for sale	770	1,263
Level 2 | SBA pooled securities | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities available for sale	1,793	1,828
Level 3 | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities available for sale	0	0
Loans held for sale	0	0
Indemnification asset	3,691	3,896
Revenue share asset	4,532	5,515
Liabilities measured at fair value on a recurring basis	476	575
Level 3 | Mutual fund | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Equity securities with readily determinable fair values	0	0
Level 3 | Mortgage-backed securities, residential | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities available for sale	0	0
Level 3 | Asset-backed securities | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities available for sale	0	0
Level 3 | State and municipal | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities available for sale	0	0
Level 3 | CLO securities | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities available for sale	0	0
Level 3 | Corporate bonds | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities available for sale	0	0
Level 3 | SBA pooled securities | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities available for sale	$ 0	$ 0

Fair Value Disclosures - Additi

Fair Value Disclosures - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022	Sep. 06, 2022	Jun. 30, 2022
Factored receivables | Disposal Group, Disposed of by Sale, Not Discontinued Operations | Factored Receivable Disposal Group
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Revenue share asset, percent of expected cash payments to be received				15%
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Indemnification asset, expected cash payments to be received	$ 3,886	$ 4,101
Indemnification asset, discount rate	5%	5%
Revenue share asset, expected cash payments to be received	$ 6,196	$ 7,613
Level 3 | Measurement Input Discount Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Revenue share asset, discount rate	10%	10%
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%
Minimum | Factored receivables | Disposal Group, Disposed of by Sale, Not Discontinued Operations | Factored Receivable Disposal Group
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Revenue share asset, percent of expected cash payments to be received			15%
Minimum | Measurement Input, Prepayment Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input, prepayment rate	0%	0%
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%
Maximum | Factored receivables | Disposal Group, Disposed of by Sale, Not Discontinued Operations | Factored Receivable Disposal Group
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Revenue share asset, percent of expected cash payments to be received			20%
Maximum | Measurement Input, Prepayment Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input, prepayment rate	11%	11%

Fair Value Disclosures - Reconc

Fair Value Disclosures - Reconciliation of Opening Balance to Closing Balance of Fair Value of Contingent Consideration (Details) - Level 3 - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Indemnification Asset
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 3,896	$ 4,786
Amount recognized in business combination	0	0
Change in fair value of financial instrument recognized in earnings	(205)	(204)
Decrease in fair value of financial instrument	0	0
Ending balance	3,691	4,582
Revenue Share Asset
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	5,515	0
Amount recognized in business combination	0	0
Change in fair value of financial instrument recognized in earnings	(620)	0
Decrease in fair value of financial instrument	(363)	0
Ending balance	4,532	0
Return of Premium Liability
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	575	0
Amount recognized in business combination	0	0
Change in fair value of financial instrument recognized in earnings	(99)	0
Decrease in fair value of financial instrument	0	0
Ending balance	$ 476	$ 0

Fair Value Disclosures - Fair V

Fair Value Disclosures - Fair Value of Assets Measured on Non-recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity investment without readily determinable fair value	$ 67,512	$ 49,182
Fair Value, Measurements, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring	32,813	74,764
Equity investment without readily determinable fair value		38,088
Fair Value, Measurements, Nonrecurring | Collateral dependent loans | Commercial real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring	98	269
Fair Value, Measurements, Nonrecurring | Collateral dependent loans | 1-4 family residential
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring	80	46
Fair Value, Measurements, Nonrecurring | Collateral dependent loans | Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring	4,855	6,994
Fair Value, Measurements, Nonrecurring | Collateral dependent loans | Factored receivables
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring	27,780	29,367
Fair Value, Measurements, Nonrecurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring	0	38,088
Equity investment without readily determinable fair value		38,088
Fair Value, Measurements, Nonrecurring | Level 1 | Collateral dependent loans | Commercial real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring	0	0
Fair Value, Measurements, Nonrecurring | Level 1 | Collateral dependent loans | 1-4 family residential
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring	0	0
Fair Value, Measurements, Nonrecurring | Level 1 | Collateral dependent loans | Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring	0	0
Fair Value, Measurements, Nonrecurring | Level 1 | Collateral dependent loans | Factored receivables
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring	0	0
Fair Value, Measurements, Nonrecurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring	0	0
Equity investment without readily determinable fair value		0
Fair Value, Measurements, Nonrecurring | Level 2 | Collateral dependent loans | Commercial real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring	0	0
Fair Value, Measurements, Nonrecurring | Level 2 | Collateral dependent loans | 1-4 family residential
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring	0	0
Fair Value, Measurements, Nonrecurring | Level 2 | Collateral dependent loans | Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring	0	0
Fair Value, Measurements, Nonrecurring | Level 2 | Collateral dependent loans | Factored receivables
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring	0	0
Fair Value, Measurements, Nonrecurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring	32,813	36,676
Equity investment without readily determinable fair value		0
Fair Value, Measurements, Nonrecurring | Level 3 | Collateral dependent loans | Commercial real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring	98	269
Fair Value, Measurements, Nonrecurring | Level 3 | Collateral dependent loans | 1-4 family residential
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring	80	46
Fair Value, Measurements, Nonrecurring | Level 3 | Collateral dependent loans | Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring	4,855	6,994
Fair Value, Measurements, Nonrecurring | Level 3 | Collateral dependent loans | Factored receivables
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring	$ 27,780	$ 29,367

Fair Value Disclosures - Estima

Fair Value Disclosures - Estimated Fair Value of Company's Financial Assets and Financial Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Financial assets:
Cash and cash equivalents, carrying amount	$ 417,715	$ 408,182
FHLB and other restricted stock, carrying amount	24,506	6,252
Securities - held to maturity, fair value	5,184	5,476
Financial liabilities:
Customer repurchase agreements, carrying amount	3,208	340
Federal Home Loan Bank advances, carrying amount	530,000	30,000
Subordinated notes, carrying amount	108,016	107,800
Junior subordinated debentures, carrying amount	41,299	41,158
Carrying Amount
Financial assets:
Cash and cash equivalents, carrying amount	417,715	408,182
Securities - held to maturity, carrying amount	3,868	4,077
Loans not previously presented, gross, carrying amount	4,284,232	4,088,411
FHLB and other restricted stock, carrying amount	24,506	6,252
Accrued interest receivable, carrying amount	25,277	21,977
Financial liabilities:
Deposits, carrying amount	4,038,994	4,171,336
Customer repurchase agreements, carrying amount	3,208	340
Federal Home Loan Bank advances, carrying amount	530,000	30,000
Subordinated notes, carrying amount	108,016	107,800
Junior subordinated debentures, carrying amount	41,299	41,158
Accrued interest payable, carrying amount	4,018	2,830
Total Fair Value
Financial assets:
Cash and cash equivalents, fair value	417,715	408,182
Securities - held to maturity, fair value	5,184	5,476
Loans not previously presented, gross, fair value	4,197,535	3,993,430
Accrued interest receivable, fair value	25,277	21,977
Financial liabilities:
Deposits, fair value	4,028,969	4,159,695
Customer repurchase agreements, fair value	3,208	340
Federal Home Loan Bank advances, fair value	530,000	30,000
Subordinated notes, fair value	107,301	104,400
Junior subordinated debentures, fair value	42,874	42,721
Accrued interest payable, fair value	4,018	2,830
Level 1
Financial assets:
Cash and cash equivalents, fair value	417,715	408,182
Securities - held to maturity, fair value	0	0
Loans not previously presented, gross, fair value	147,334	187,729
Accrued interest receivable, fair value	25,277	21,977
Financial liabilities:
Deposits, fair value	0	0
Customer repurchase agreements, fair value	0	0
Federal Home Loan Bank advances, fair value	0	0
Subordinated notes, fair value	0	0
Junior subordinated debentures, fair value	0	0
Accrued interest payable, fair value	4,018	2,830
Level 2
Financial assets:
Cash and cash equivalents, fair value	0	0
Securities - held to maturity, fair value	0	0
Loans not previously presented, gross, fair value	0	0
Accrued interest receivable, fair value	0	0
Financial liabilities:
Deposits, fair value	4,028,969	4,159,695
Customer repurchase agreements, fair value	3,208	340
Federal Home Loan Bank advances, fair value	530,000	30,000
Subordinated notes, fair value	107,301	104,400
Junior subordinated debentures, fair value	42,874	42,721
Accrued interest payable, fair value	0	0
Level 3
Financial assets:
Cash and cash equivalents, fair value	0	0
Securities - held to maturity, fair value	5,184	5,476
Loans not previously presented, gross, fair value	4,050,201	3,805,701
Accrued interest receivable, fair value	0	0
Financial liabilities:
Deposits, fair value	0	0
Customer repurchase agreements, fair value	0	0
Federal Home Loan Bank advances, fair value	0	0
Subordinated notes, fair value	0	0
Junior subordinated debentures, fair value	0	0
Accrued interest payable, fair value	$ 0	$ 0

Regulatory Matters - Schedule o

Regulatory Matters - Schedule of Actual Capital Amounts and Ratios (Details) $ in Thousands	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Triumph Financial, Inc.
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total Capital (to Risk Weighted Assets) Actual Amount	$ 764,665	$ 829,928
Total Capital (to Risk Weighted Assets) Actual Ratio	0.155	0.177
Total Capital (to Risk Weighted Assets) Minimum for Capital Adequacy Purposes Amount	$ 394,666	$ 375,109
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	$ 617,106	$ 684,381
Tier 1 Capital (to Risk Weighted Assets) Actual Ratio	0.125	0.146
Tier 1 Capital (to Risk Weighted Assets) Minimum for Capital Adequacy Purposes Amount	$ 296,211	$ 281,252
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	$ 530,807	$ 598,223
Common Equity Tier 1 Capital (to Risk Weighted Assets) Actual Ratio	0.108	0.127
Common Equity Tier 1 Capital (to Risk Weighted Assets) Minimum for Capital Adequacy Purposes Amount	$ 221,170	$ 211,969
Banking Regulation, Common Equity Tier One Risk-Based Capital Ratio, Capital Adequacy, Minimum	0.045	0.045
Tier 1 Capital (to Average Assets) Actual Amount	$ 617,106	$ 684,381
Tier 1 Capital (to Average Assets) Actual Ratio	0.122	0.130
Tier 1 Capital (to Average Assets) Minimum for Capital Adequacy Purposes Amount	$ 202,330	$ 210,579
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	$ 731,761	$ 732,785
Total Capital (to Risk Weighted Assets) Actual Ratio	0.150	0.158
Total Capital (to Risk Weighted Assets) Minimum for Capital Adequacy Purposes Amount	$ 390,273	$ 371,030
Total Capital (to Risk Weighted Assets) Minimum for Capital Adequacy Purposes Ratio	0.080	0.080
Total Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 487,841	$ 463,788
Total Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	0.100	0.100
Tier 1 Capital (to Risk Weighted Assets) Actual Amount	$ 694,495	$ 697,022
Tier 1 Capital (to Risk Weighted Assets) Actual Ratio	0.142	0.150
Tier 1 Capital (to Risk Weighted Assets) Minimum for Capital Adequacy Purposes Amount	$ 293,449	$ 278,809
Tier 1 Capital (to Risk Weighted Assets) Minimum for Capital Adequacy Purposes Ratio	0.060	0.060
Tier 1 Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 391,265	$ 371,745
Tier 1 Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	0.080	0.080
Common Equity Tier 1 Capital (to Risk Weighted Assets) Actual Amount	$ 694,495	$ 697,022
Common Equity Tier 1 Capital (to Risk Weighted Assets) Actual Ratio	0.142	0.150
Common Equity Tier 1 Capital (to Risk Weighted Assets) Minimum for Capital Adequacy Purposes Amount	$ 220,086	$ 209,107
Banking Regulation, Common Equity Tier One Risk-Based Capital Ratio, Capital Adequacy, Minimum	0.045	0.045
Common Equity Tier 1 Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 317,903	$ 302,043
Banking Regulation, Common Equity Tier One Risk-Based Capital Ratio, Well Capitalized, Minimum	0.065	0.065
Tier 1 Capital (to Average Assets) Actual Amount	$ 694,495	$ 697,022
Tier 1 Capital (to Average Assets) Actual Ratio	0.137	0.132
Tier 1 Capital (to Average Assets) Minimum for Capital Adequacy Purposes Amount	$ 202,772	$ 211,219
Tier 1 Capital (to Average Assets) Minimum for Capital Adequacy Purposes Ratio	0.040	0.040
Tier 1 Capital (to Average Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 253,465	$ 264,023
Tier 1 Capital (to Average Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	0.050	0.050

Stockholders' Equity - Summary

Stockholders' Equity - Summary of Capital Structure (Details) - USD ($)	3 Months Ended	6 Months Ended
	Mar. 31, 2023	Jun. 30, 2022	Dec. 31, 2022
Class of Stock [Line Items]
Shares authorized (in shares)	50,000,000		50,000,000
Shares issued (in shares)	28,717,275		28,321,716
Treasury shares (in shares)	(5,346,760)		(4,268,131)
Shares outstanding (in shares)	23,370,515		24,053,585
Par value per share (in dollars per share)	$ 0.01		$ 0.01
Preferred Stock Series C
Class of Stock [Line Items]
Shares authorized (in shares)	51,750		51,750
Shares issued (in shares)	45,000		45,000
Shares outstanding (in shares)	45,000		45,000
Par value per share (in dollars per shares)	$ 0.01		$ 0.01
Liquidation preference per share (in dollars per shares)	$ 1,000		$ 1,000
Liquidation preference amount	$ 45,000,000		$ 45,000,000
Dividend rate	7.125%	7.125%

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Details) - USD ($)			3 Months Ended
	Feb. 01, 2023	May 23, 2022	Mar. 31, 2023	Dec. 31, 2022	Jun. 30, 2022	Mar. 31, 2022	Nov. 07, 2022	Feb. 07, 2022
Class of Stock [Line Items]
Payments for repurchase of common stock			$ 77,185,000			$ 1,316,000
Stock Repurchase Program
Class of Stock [Line Items]
Amount authorized under stock repurchase program		$ 75,000,000					$ 100,000,000	$ 50,000,000
Shares repurchased into treasury stock (in shares)					694,985	14,810
Average price of shares repurchased into treasury stock (in dollars per share)					$ 70.02	$ 88.81
Payments for repurchase of common stock					$ 48,684,000	$ 1,316,000
Stock repurchase program, period in force		1 year
Dutch Auction Tender Offer
Class of Stock [Line Items]
Shares repurchased into treasury stock (in shares)				408,615
Average price of shares repurchased into treasury stock (in dollars per share)				$ 58
Payments for repurchase of common stock				$ 24,772,000
Stock repurchase program, fees and expenses				$ 1,072,000
Accelerated Share Repurchase Agreement
Class of Stock [Line Items]
Amount authorized under stock repurchase program	$ 70,000,000
Shares repurchased into treasury stock (in shares)	961,373
Stock repurchase program, percent of authorized shares repurchased	80%

Stock Based Compensation - Addi

Stock Based Compensation - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation	$ 2,881	$ 4,952
2014 Omnibus Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares approved for issuance (in shares)	2,900,000
2014 Omnibus Incentive Plan | Restricted Stock Awards (RSAs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation cost	$ 4,030
Remaining period to recognize cost	2 years 14 days
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
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation cost	$ 5,124
Remaining period to recognize cost	2 years 9 months 21 days
2014 Omnibus Incentive Plan | Restricted stock units | Minimum
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 | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation, award vesting period	5 years
2014 Omnibus Incentive Plan | Performance stock units - market based
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation cost	$ 2,221
Remaining period to recognize cost	1 year 10 months 9 days
2014 Omnibus Incentive Plan | Performance stock units - market based | 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%
2014 Omnibus Incentive Plan | Performance stock units - market based | 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%
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, award vesting period	3 years
Total unrecognized compensation cost	$ 0
Stock based compensation, award vesting percentage			142%
Stock based compensation expense recognized	$ 0	$ 807
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%
2014 Omnibus Incentive Plan | Performance Based Performance Stock Units (Performance Based PSUs) | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation, award vesting percentage	200%
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
Remaining period to recognize cost	2 years 9 months 29 days
Employees stock options contractual terms	10 years
Total unrecognized compensation cost	$ 627
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%
Offering period				6 months
Shares issued under ESPP during period (in shares)	21,057	10,585

Stock Based Compensation - Summ

Stock Based Compensation - Summary of Changes in Company's Nonvested Restricted Stock Awards (Details) - Restricted Stock Awards (RSAs)	3 Months Ended
	Mar. 31, 2023 $ / shares shares
Shares
Beginning balance (in shares) | shares	230,486
Granted (in shares) | shares	6,852
Vested (in shares) | shares	(6,852)
Forfeited (in shares) | shares	(10,961)
Ending balance (in shares) | shares	219,525
Weighted-Average Grant-Date Fair Value
Beginning balance (in dollars per share) | $ / shares	$ 70.34
Granted (in dollars per share) | $ / shares	58.25
Vested (in dollars per share) | $ / shares	58.25
Forfeited (in dollars per share) | $ / shares	76.91
Ending balance (in dollars per share) | $ / shares	$ 70.02

Stock Based Compensation - Su_2

Stock Based Compensation - Summary of Changes in Company's Nonvested Restricted Stock Units (Details) - Restricted stock units	3 Months Ended
	Mar. 31, 2023 $ / shares shares
Shares
Beginning balance (in shares) | shares	211,300
Granted (in shares) | shares	0
Vested (in shares) | shares	(3,750)
Forfeited (in shares) | shares	(2,513)
Ending balance (in shares) | shares	205,037
Weighted-Average Grant-Date Fair Value
Beginning balance (in dollars per share) | $ / shares	$ 59.45
Granted (in dollars per share) | $ / shares	0
Vested (in dollars per share) | $ / shares	126
Forfeited (in dollars per share) | $ / shares	67.53
Ending balance (in dollars per share) | $ / shares	$ 58.14

Stock Based Compensation - Su_3

Stock Based Compensation - Summary of Changes in Company's Nonvested Market Based Performance Stock Units (Details) - Performance stock units - market based	3 Months Ended
	Mar. 31, 2023 $ / shares shares
Shares
Beginning balance (in shares) | shares	112,486
Granted (in shares) | shares	0
Incremental shares earned (in shares) | shares	0
Vested (in shares) | shares	0
Forfeited (in shares) | shares	(156)
Ending balance (in shares) | shares	112,330
Weighted-Average Grant-Date Fair Value
Beginning balance (in dollars per share) | $ / shares	$ 55.57
Granted (in dollars per share) | $ / shares	0
Incremental shares earned (in dollars per share) | $ / shares	0
Vested (in dollars per share) | $ / shares	0
Forfeited (in dollars per share) | $ / shares	38.75
Ending balance (in dollars per share) | $ / shares	$ 55.60

Stock Based Compensation - Su_4

Stock Based Compensation - Summary of Changes in Company's Nonvested Performance Based Performance Stock Units (Details) - Performance Based Performance Stock Units (Performance Based PSUs)	3 Months Ended
	Mar. 31, 2023 $ / shares shares
Shares
Beginning balance (in shares)	255,738
Granted (in shares)	0
Incremental shares earned (in shares)	107,404
Vested (in shares)	(363,142)
Forfeited (in shares)	0
Ending balance (in shares)	0
Weighted-Average Grant-Date Fair Value
Beginning balance (in dollars per share) | $ / shares	$ 39.57
Granted (in dollars per share) | $ / shares	0
Vested (in dollars per share) | $ / shares	40
Forfeited (in dollars per share) | $ / shares	0
Ending balance (in dollars per share) | $ / shares	$ 0

Stock Based Compensation - Su_5

Stock Based Compensation - Summary of Changes in Company's Stock Options (Details) - Stock options $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($) $ / shares shares
Shares
Beginning balance (in shares) | shares	195,398
Granted (in shares) | shares	0
Exercised (in shares) | shares	(2,586)
Forfeited or expired (in shares) | shares	0
Ending balance (in shares) | shares	192,812
Fully vested shares and shares expected to vest (in shares) | shares	192,812
Shares exercisable (in shares) | shares	126,372
Weighted-Average Exercise Price
Beginning balance (in dollars per share) | $ / shares	$ 39.48
Granted (in dollars per share) | $ / shares	0
Exercised (in dollars per share) | $ / shares	30.43
Forfeited or expired (in dollars per share) | $ / shares	0
Ending balance (in dollars per share) | $ / shares	39.60
Fully vested shares and shares expected to vest (in dollars per share) | $ / shares	39.60
Shares exercisable (in dollars per share) | $ / shares	$ 29.08
Weighted-Average Remaining Contractual Term (In Years)
Outstanding	5 years 9 months 21 days
Fully vested shares and shares expected to vest	5 years 9 months 21 days
Shares exercisable	4 years 6 months 21 days
Aggregate Intrinsic Value (In Thousands)
Outstanding | $	$ 4,447
Fully vested shares and shares expected to vest | $	4,447
Shares exercisable | $	$ 3,792

Stock Based Compensation - Sche

Stock Based Compensation - Schedule of Information Related to Stock Options (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cash received from option exercises, net	$ (33)	$ (74)
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate intrinsic value of options exercised	79	277
Cash received from option exercises, net	(33)	(74)
Tax benefit realized from option exercises	$ 16	$ 58
Weighted average fair value per share of options granted (in dollars per share)	$ 0	$ 0

Earnings Per Share - Factors Us

Earnings Per Share - Factors Used in Computation of Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Basic
Net income to common stockholders	$ 10,209	$ 23,528
Weighted average common shares outstanding (in shares)	23,361,732	24,800,771
Basic earnings per common share (in dollars per share)	$ 0.44	$ 0.95
Diluted
Net income to common stockholders	$ 10,209	$ 23,528
Weighted average common shares outstanding (in shares)	23,361,732	24,800,771
Dilutive effects of:
Average shares and dilutive potential common shares (in shares)	23,816,164	25,371,868
Diluted earnings per common share (in dollars per share)	$ 0.43	$ 0.93
Stock options
Dilutive effects of:
Stock based compensation (in shares)	76,129	107,359
Restricted stock awards
Dilutive effects of:
Stock based compensation (in shares)	140,006	237,305
Restricted stock units
Dilutive effects of:
Stock based compensation (in shares)	116,754	86,099
Performance stock units - market based
Dilutive effects of:
Stock based compensation (in shares)	121,047	139,563
Performance stock units - performance based
Dilutive effects of:
Stock based compensation (in shares)	0	0
Employee stock purchase program
Dilutive effects of:
Stock based compensation (in shares)	496	771

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Shares not Considered in Computing Diluted Earnings per Common Share (Details) - shares	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares (in shares)	49,379	12,911
Restricted stock awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares (in shares)	0	8,463
Restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares (in shares)	11,250	15,000
Performance stock units - market based
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares (in shares)	42,056	0
Performance stock units - performance based
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares (in shares)	0	258,635
Employee stock purchase program
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares (in shares)	0	0
Accelerated share repurchase
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares (in shares)	203,352	0

Revenue From Contracts With C_2

Revenue From Contracts With Customers (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Payments Segment
Disaggregation of Revenue [Line Items]
Transactional payment and audit fees	$ 3,962	$ 3,229

Business Segment Information (D

Business Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Segment Reporting Information [Line Items]
Total interest income	$ 100,674	$ 103,435
Intersegment interest allocations	0	0
Total interest expense	7,292	3,356
Net interest income (expense)	93,382	100,079
Credit loss expense (benefit)	2,613	501
Net interest income after credit loss expense (benefit)	90,769	99,578
Noninterest income	11,022	11,121
Noninterest expense	89,281	78,564
Net income (loss) before income tax expense	12,510	32,135
Total assets	5,628,185		$ 5,333,783
Gross loans	4,310,006		4,120,291
Operating Segments | Banking
Segment Reporting Information [Line Items]
Total interest income	59,726	42,183
Total interest expense	4,948	1,603
Net interest income (expense)	62,390	41,185
Credit loss expense (benefit)	1,923	(2,870)
Net interest income after credit loss expense (benefit)	60,467	44,055
Noninterest income	5,673	5,971
Noninterest expense	32,240	28,612
Net income (loss) before income tax expense	33,900	21,414
Total assets	5,233,980		4,910,628
Gross loans	3,751,776		3,572,716
Operating Segments | Factoring
Segment Reporting Information [Line Items]
Total interest income	38,157	56,374
Total interest expense	0	0
Net interest income (expense)	29,003	55,822
Credit loss expense (benefit)	549	1,949
Net interest income after credit loss expense (benefit)	28,454	53,873
Noninterest income	1,313	1,871
Noninterest expense	21,769	22,131
Net income (loss) before income tax expense	7,998	33,613
Total assets	1,185,543		1,260,209
Gross loans	1,096,071		1,151,727
Operating Segments | Payments
Segment Reporting Information [Line Items]
Total interest income	2,747	4,832
Total interest expense	0	0
Net interest income (expense)	4,289	4,779
Credit loss expense (benefit)	0	354
Net interest income after credit loss expense (benefit)	4,289	4,425
Noninterest income	3,972	3,242
Noninterest expense	15,417	14,333
Net income (loss) before income tax expense	(7,156)	(6,666)
Total assets	354,049		371,948
Gross loans	82,033		85,722
Operating Segments | Corporate
Segment Reporting Information [Line Items]
Total interest income	44	46
Total interest expense	2,344	1,753
Net interest income (expense)	(2,300)	(1,707)
Credit loss expense (benefit)	141	1,068
Net interest income after credit loss expense (benefit)	(2,441)	(2,775)
Noninterest income	64	37
Noninterest expense	19,855	13,488
Net income (loss) before income tax expense	(22,232)	(16,226)
Total assets	1,015,471		1,061,662
Gross loans	0		0
Eliminations
Segment Reporting Information [Line Items]
Total assets	(2,160,858)		(2,270,664)
Gross loans	(619,874)		$ (689,874)
Eliminations | Banking
Segment Reporting Information [Line Items]
Intersegment interest allocations	7,612	605
Eliminations | Factoring
Segment Reporting Information [Line Items]
Intersegment interest allocations	(9,154)	(552)
Eliminations | Payments
Segment Reporting Information [Line Items]
Intersegment interest allocations	1,542	(53)
Eliminations | Corporate
Segment Reporting Information [Line Items]
Intersegment interest allocations	$ 0	$ 0