Triumph Financial (TFIN) 10-Q 19 Oct 23 2023 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2023	Oct. 17, 2023
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 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		23,291,711
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
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	Sep. 30, 2023	Dec. 31, 2022
ASSETS
Cash and due from banks	$ 84,641	$ 133,889
Interest bearing deposits with other banks	252,942	274,293
Total cash and cash equivalents	337,583	408,182
Securities - equity investments with readily determinable fair values	4,289	5,191
Securities - available for sale	292,324	254,504
Securities - held to maturity, net of allowance for credit losses of $2,890 and $2,444, respectively, fair value of $4,756 and $5,476, respectively	3,311	4,077
Loans held for sale	6,416	5,641
Loans, net of allowance for credit losses of $34,815 and $42,807, respectively	4,336,713	4,077,484
Federal Home Loan Bank and other restricted stock	10,101	6,252
Premises and equipment, net	113,062	103,339
Goodwill	233,709	233,709
Intangible assets, net	26,400	32,058
Bank-owned life insurance	41,822	41,493
Deferred tax asset, net	9,594	16,473
Other assets	184,470	145,380
Total assets	5,599,794	5,333,783
Deposits
Noninterest bearing	1,632,559	1,756,680
Interest bearing	2,854,492	2,414,656
Total deposits	4,487,051	4,171,336
Customer repurchase agreements	0	340
Federal Home Loan Bank advances	30,000	30,000
Subordinated notes	108,454	107,800
Junior subordinated debentures	41,592	41,158
Other liabilities	82,315	94,178
Total liabilities	4,749,412	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, 23,291,693 and 24,053,585 shares outstanding, respectively	290	283
Additional paid-in-capital	547,212	534,790
Treasury stock, at cost	(265,016)	(182,658)
Retained earnings	527,506	498,456
Accumulated other comprehensive income (loss)	(4,610)	(6,900)
Total stockholders’ equity	850,382	888,971
Total liabilities and stockholders' equity	$ 5,599,794	$ 5,333,783

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Allowance for credit losses	$ 2,890	$ 2,876	$ 2,444	$ 2,430	$ 2,355	$ 2,082
Fair Value	4,756		5,476
Allowance for credit losses	$ 34,815		$ 42,807
Common stock, outstanding (in shares)	23,291,693		24,053,585

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Interest and dividend income:
Loans, including fees	$ 59,669	$ 44,928	$ 169,465	$ 129,906
Factored receivables, including fees	39,161	53,317	119,884	174,549
Securities	5,205	2,308	14,552	4,815
FHLB and other restricted stock	397	65	741	175
Cash deposits	3,101	2,607	9,051	3,522
Total interest income	107,533	103,225	313,693	312,967
Interest expense:
Deposits	12,474	2,743	22,553	7,010
Subordinated notes	1,315	1,304	3,936	3,905
Junior subordinated debentures	1,169	726	3,293	1,736
Other borrowings	1,248	182	7,751	539
Total interest expense	16,206	4,955	37,533	13,190
Net interest income (expense)	91,327	98,270	276,160	299,777
Credit loss expense (benefit)	812	2,646	6,068	6,048
Net interest income after credit loss expense (benefit)	90,515	95,624	270,092	293,729
Noninterest income:
Net OREO gains (losses) and valuation adjustments	0	(19)	0	(133)
Net gains (losses) on sale or call of securities	5	0	5	2,514
Net gains (losses) on sale of loans	203	1,107	206	18,310
Insurance commissions	1,074	1,191	3,970	4,209
Other	227	677	(1,320)	17,643
Total noninterest income	13,410	12,668	35,943	71,949
Noninterest expense:
Salaries and employee benefits	50,884	49,307	159,789	149,848
Occupancy, furniture and equipment	7,542	6,826	21,537	19,769
FDIC insurance and other regulatory assessments	682	454	1,968	1,376
Professional fees	3,941	4,263	10,061	11,529
Amortization of intangible assets	2,849	2,913	8,700	9,085
Advertising and promotion	1,839	1,995	4,839	5,029
Communications and technology	10,784	12,410	34,034	32,197
Other	7,738	8,521	25,008	25,027
Total noninterest expense	86,259	86,689	265,936	253,860
Net income before income tax expense	17,666	21,603	40,099	111,818
Income tax expense	4,872	5,374	8,645	27,068
Net income	12,794	16,229	31,454	84,750
Dividends on preferred stock	(801)	(801)	(2,404)	(2,404)
Net income available to common stockholders	$ 11,993	$ 15,428	$ 29,050	$ 82,346
Earnings per common share
Basic (in dollars per share)	$ 0.52	$ 0.64	$ 1.25	$ 3.36
Diluted (in dollars per share)	$ 0.51	$ 0.62	$ 1.23	$ 3.28
Service charges on deposits
Noninterest income:
Revenue	$ 1,728	$ 1,558	$ 5,210	$ 5,185
Card income
Noninterest income:
Revenue	2,065	2,034	6,152	6,125
Fee income
Noninterest income:
Revenue	$ 8,108	$ 6,120	$ 21,720	$ 18,096

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 12,794	$ 16,229	$ 31,454	$ 84,750
Unrealized gains (losses) on securities:
Unrealized holding gains (losses) arising during the period	506	(4,806)	2,862	(13,164)
Tax effect	(127)	1,127	(568)	3,067
Unrealized holding gains (losses) arising during the period, net of taxes	379	(3,679)	2,294	(10,097)
Reclassification of amount realized through sale or call of securities	(5)	0	(5)	(2,514)
Tax effect	1	0	1	620
Reclassification of amount realized through sale or call of securities, net of taxes	(4)	0	(4)	(1,894)
Change in unrealized gains (losses) on securities, net of tax	375	(3,679)	2,290	(11,991)
Unrealized gains (losses) on derivative financial instruments:
Unrealized holding gains (losses) arising during the period	0	0	0	3,152
Tax effect	0	0	0	(754)
Unrealized holding gains (losses) arising during the period, net of taxes	0	0	0	2,398
Reclassification of amount of (gains) losses recognized into income	0	0	0	(9,316)
Tax effect	0	0	0	2,213
Reclassification of amount of (gains) losses recognized into income, net of taxes	0	0	0	(7,103)
Change in unrealized gains (losses) on derivative financial instruments	0	0	0	(4,705)
Total other comprehensive income (loss)	375	(3,679)	2,290	(16,696)
Comprehensive income	$ 13,169	$ 12,550	$ 33,744	$ 68,054

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
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 / declared	(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, 2021	858,864	45,000	$ 283	510,939	$ (104,743)	399,351	8,034
Beginning balance, common stock (in shares) at Sep. 30, 2022			24,478,288
Beginning balance, treasury stock (in shares) at Dec. 31, 2021					3,102,801
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	84,750
Other comprehensive income (loss)	(16,696)
Ending Balance at Sep. 30, 2022	891,173	45,000	$ 283	529,804	$ (156,949)	481,697	(8,662)
Ending balance, common stock (in shares) at Dec. 31, 2021			25,158,879
Ending balance, treasury stock (in shares) at Sep. 30, 2022					3,843,428
Beginning Balance at Mar. 31, 2022	886,665	45,000	$ 283	516,551	$ (106,105)	422,879	8,057
Beginning balance, common stock (in shares) at Jun. 30, 2022			24,457,777
Beginning balance, treasury stock (in shares) at Mar. 31, 2022					3,118,098
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Vesting of restricted stock and performance stock units (in shares)			20,996
Stock option exercises, net (in shares)			32
Stock based compensation	7,880			7,880
Forfeiture of restricted stock awards (in shares)			(2,417)		(2,417)
Forfeiture of restricted stock awards	0			205	$ (205)
Purchase of treasury stock, net (in shares)			(722,524)		(722,524)
Purchase of treasury stock, net	(50,614)				$ (50,614)
Dividends on preferred stock / declared	(802)					(802)
Net income	44,192					44,192
Other comprehensive income (loss)	(13,040)						(13,040)
Ending Balance at Jun. 30, 2022	874,281	45,000	$ 283	524,636	$ (156,924)	466,269	(4,983)
Ending balance, common stock (in shares) at Mar. 31, 2022			25,161,690
Ending balance, treasury stock (in shares) at Jun. 30, 2022					3,843,039
Beginning balance, common stock (in shares) at Sep. 30, 2022			24,478,288
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of restricted stock awards (in shares)			6,969
Issuance of common stock pursuant to the Employee Stock Purchase Plan (in shares)			13,931
Issuance of common stock pursuant to the Employee Stock Purchase Plan	860			860
Stock based compensation	4,296			4,296
Forfeiture of restricted stock awards (in shares)			(194)		(194)
Forfeiture of restricted stock awards	0			12	$ (12)
Purchase of treasury stock, net (in shares)			(195)		(195)
Purchase of treasury stock, net	(13)				$ (13)
Dividends on preferred stock / declared	(801)					(801)
Net income	16,229					16,229
Other comprehensive income (loss)	(3,679)						(3,679)
Ending Balance at Sep. 30, 2022	$ 891,173	45,000	$ 283	529,804	$ (156,949)	481,697	(8,662)
Ending balance, common stock (in shares) at Jun. 30, 2022			24,457,777
Ending balance, treasury stock (in shares) at Sep. 30, 2022					3,843,428
Beginning balance, common stock (in shares) at Dec. 31, 2022	24,053,585		24,053,585
Ending Balance at Dec. 31, 2022	$ 888,971	45,000	$ 283	534,790	$ (182,658)	498,456	(6,900)
Ending balance, common stock (in shares) at Sep. 30, 2022			24,478,288
Ending balance, treasury stock (in shares) at Dec. 31, 2022	4,268,131				4,268,131
Beginning balance, common stock (in shares) at Mar. 31, 2023			23,370,515
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of restricted stock awards (in shares)			6,852
Vesting of restricted stock and performance stock units (in shares)			366,892
Vesting of restricted stock and performance 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 / declared	(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
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 Sep. 30, 2023	23,291,693		23,291,693
Beginning balance, treasury stock (in shares) at Dec. 31, 2022	4,268,131				4,268,131
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 31,454
Other comprehensive income (loss)	2,290
Ending Balance at Sep. 30, 2023	$ 850,382	45,000	$ 290	547,212	$ (265,016)	527,506	(4,610)
Ending balance, common stock (in shares) at Dec. 31, 2022	24,053,585		24,053,585
Ending balance, treasury stock (in shares) at Sep. 30, 2023	5,683,513				5,683,513
Beginning Balance at Mar. 31, 2023	$ 827,216	45,000	$ 287	539,241	$ (260,453)	508,665	(5,524)
Beginning balance, common stock (in shares) at Jun. 30, 2023			23,269,885
Beginning balance, treasury stock (in shares) at Mar. 31, 2023					5,346,760
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Vesting of restricted stock and performance stock units (in shares)			233,728
Vesting of restricted stock and performance stock units	0		$ 2	(2)
Stock option exercises, net (in shares)			829
Stock option exercises, net	(19)			(19)
Stock based compensation	3,320			3,320
Forfeiture of restricted stock awards (in shares)			(451)		(451)
Forfeiture of restricted stock awards	0			25	$ (25)
Purchase of treasury stock, net (in shares)			(334,736)		(334,736)
Purchase of treasury stock, net	(4,438)				$ (4,438)
Dividends on preferred stock / declared	(802)					(802)
Net income	7,650					7,650
Other comprehensive income (loss)	539						539
Ending Balance at Jun. 30, 2023	$ 833,466	45,000	$ 289	542,565	$ (264,916)	515,513	(4,985)
Ending balance, common stock (in shares) at Mar. 31, 2023			23,370,515
Ending balance, treasury stock (in shares) at Jun. 30, 2023					5,681,947
Beginning balance, common stock (in shares) at Sep. 30, 2023	23,291,693		23,291,693
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of restricted stock awards (in shares)			6,522
Issuance of restricted stock awards	$ 0		$ 1	(1)
Issuance of common stock pursuant to the Employee Stock Purchase Plan (in shares)			16,852
Issuance of common stock pursuant to the Employee Stock Purchase Plan	834			834
Stock based compensation	3,714			3,714
Forfeiture of restricted stock awards (in shares)			(1,566)		(1,566)
Forfeiture of restricted stock awards	0			100	$ (100)
Dividends on preferred stock / declared	(801)					(801)
Net income	12,794					12,794
Other comprehensive income (loss)	375						375
Ending Balance at Sep. 30, 2023	$ 850,382	$ 45,000	$ 290	$ 547,212	$ (265,016)	$ 527,506	$ (4,610)
Ending balance, common stock (in shares) at Jun. 30, 2023			23,269,885
Ending balance, treasury stock (in shares) at Sep. 30, 2023	5,683,513				5,683,513

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Cash flows from operating activities:
Net income	$ 31,454	$ 84,750
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation	10,212	9,979
Net accretion on loans	(4,203)	(6,631)
Amortization of subordinated notes issuance costs	654	630
Amortization of junior subordinated debentures	434	414
Net (accretion) amortization on securities	(665)	(609)
Amortization of intangible assets	8,700	9,085
Deferred taxes	6,313	524
Credit loss expense (benefit)	6,068	6,048
Stock based compensation	9,915	17,128
Net (gains) losses on sale or call of debt securities	(5)	(2,514)
Net (gains) losses on equity securities	119	(9,575)
Net OREO (gains) losses and valuation adjustments	0	133
Origination of loans held for sale	(3,584)	(10,402)
Purchases of loans held for sale	0	(6,913)
Proceeds from sale of loans originated or purchased for sale	3,435	17,673
Net (gains) losses on sale of loans	(206)	(18,310)
Net change in operating leases	(199)	272
(Increase) decrease in other assets	(39,816)	(37,308)
Increase (decrease) in other liabilities	(10,672)	9,107
Net cash provided by (used in) operating activities	17,954	63,481
Cash flows from investing activities:
Proceeds from sales of equity securities	783	0
Purchases of securities available for sale	(69,483)	(117,440)
Proceeds from sales of securities available for sale	14,005	40,163
Proceeds from maturities, calls, and pay downs of securities available for sale	21,054	23,562
Proceeds from maturities, calls, and pay downs of securities held to maturity	451	578
Purchases of loans held for investment	(18,842)	(133,674)
Proceeds from sale of loans	45,940	207,406
Net change in loans	(288,762)	285,854
Purchases of premises and equipment, net	(19,935)	(8,522)
Net proceeds from sale of OREO	0	438
(Purchases) redemptions of FHLB and other restricted stock, net	(3,849)	3,933
Acquired intangible assets	(3,042)	0
Proceeds from sale of disposal group	0	85,923
Net cash provided by (used in) investing activities	(321,680)	388,221
Cash flows from financing activities:
Net increase (decrease) in deposits	315,715	(194,494)
Increase (decrease) in customer repurchase agreements	(340)	11,360
Increase (decrease) in Federal Home Loan Bank advances	0	(150,000)
Repayment of other borrowings	0	(27,144)
Preferred dividends	(2,404)	(2,404)
Stock option exercises, net	(52)	(74)
Proceeds from employee stock purchase plan common stock issuance	1,831	1,548
Purchase of treasury stock, net	(81,623)	(51,943)
Net cash provided by (used in) financing activities	233,127	(413,151)
Net increase (decrease) in cash and cash equivalents	(70,599)	38,551
Cash and cash equivalents at beginning of period	408,182	383,178
Cash and cash equivalents at end of period	337,583	421,729
Supplemental cash flow information:
Interest paid	30,893	11,416
Income taxes paid, net	14,019	45,035
Cash paid for operating lease liabilities	4,149	2,691
Supplemental noncash disclosures:
Loans transferred to OREO	0	47
Loans held for investment transferred to loans held for sale	46,625	197,899
Assets transferred to assets held for sale	0	80,819
Deposits transferred to deposits held for sale	0	10,434
Lease liabilities arising from obtaining right-of-use assets	3,228	5,267
Securities available for sale purchased, not settled	0	14,976
Non-cash consideration received from sale of loan portfolio or disposal group	$ 0	$ 5,529

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 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. Certain prior period amounts have been reclassified to conform to the current period presentation. 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 and nine months ended September 30, 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 (i) 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, (ii) 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, and (iii) factoring transactions where we purchase receivables payable to such freight brokers from their shipper clients. 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	9 Months Ended
	Sep. 30, 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	9 Months Ended
	Sep. 30, 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 $4,289,000 and $5,191,000 at September 30, 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 September 30, Nine Months Ended September 30, (Dollars in thousands) 2023 2022 2023 2022 Unrealized gains (losses) on equity securities held at the reporting date $ (137) $ (134) $ (137) $ (588) Realized gains (losses) on equity securities sold during the period — — 18 — $ (137) $ (134) $ (119) $ (588) 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) September 30, 2023 December 31, 2022 Equity Securities without readily determinable fair value, at cost $ 55,812 $ 39,019 Upward adjustments based on observable price changes, cumulative 10,163 10,163 Equity Securities without readily determinable fair value, carrying value $ 65,975 $ 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 investments in the common stock of Trax Group, Inc. and Warehouse Solutions Inc., discussed below, and other investments, which are included in other assets in the Company's consolidated balance sheets. The gross realized and unrealized gains (losses) recognized on equity securities without readily determinable fair values in noninterest income in the Company’s consolidated statements of income were as follows: Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands) 2023 2022 2023 2022 Unrealized gains (losses) on equity securities still held at the reporting date $ — $ — $ — $ 10,163 Realized gains (losses) on equity securities sold during the period — — — — $ — $ — $ — $ 10,163 Trax Group, Inc. On June 22, 2023, the Company made a $9,700,000 minority investment in Trax Group, Inc. ("Trax"), a leader in transportation spend management solutions. The investment in Trax is accounted for as an equity investment without a readily determinable fair value measured under the measurement alternative and is included in other assets in the Company's consolidated balance sheets. Warehouse Solutions Inc. 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 September 30, 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 September 30, 2023 Available for sale securities: Mortgage-backed securities, residential $ 49,346 $ 9 $ (6,173) $ — $ 43,182 Asset-backed securities 1,243 10 — — 1,253 State and municipal 5,217 — (189) — 5,028 CLO securities 240,162 1,047 (734) — 240,475 Corporate bonds 768 — (19) — 749 SBA pooled securities 1,746 7 (116) — 1,637 Total available for sale securities $ 298,482 $ 1,073 $ (7,231) $ — $ 292,324 (Dollars in thousands) Amortized Gross Gross Fair September 30, 2023 Held to maturity securities: CLO securities $ 6,201 $ 339 $ (1,784) $ 4,756 Allowance for credit losses (2,890) Total held to maturity securities, net of ACL $ 3,311 (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 September 30, 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 $ 1,167 $ 1,165 $ — $ — Due from one year to five years 2,212 2,122 1,913 2,085 Due from five years to ten years 72,866 72,665 4,288 2,671 Due after ten years 169,902 170,300 — — 246,147 246,252 6,201 4,756 Mortgage-backed securities, residential 49,346 43,182 — — Asset-backed securities 1,243 1,253 — — SBA pooled securities 1,746 1,637 — — $ 298,482 $ 292,324 $ 6,201 $ 4,756 Proceeds from sales of debt securities and the associated gross gains and losses as well as net gains and losses from calls of debt securities are as follows: Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands) 2023 2022 2023 2022 Proceeds $ 10,005 $ — $ 14,005 $ 40,163 Gross gains 5 — 5 2,512 Gross losses — — — — Net gains and losses from calls of securities — — — 2 Debt securities with a carrying amount of approximately $41,520,000 and $93,813,000 at September 30, 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 $5,036,000 and $2,593,000 at September 30, 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 and nine months ended September 30, 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 September 30, 2023 Available for sale securities: Mortgage-backed securities, residential $ 1,429 $ (100) $ 35,045 $ (6,073) $ 36,474 $ (6,173) Asset-backed securities — — — — — — State and municipal 1,537 (64) 2,986 (125) 4,523 (189) CLO securities 14,966 (34) 78,211 (700) 93,177 (734) Corporate bonds 749 (19) — — 749 (19) SBA pooled securities 220 (6) 1,111 (110) 1,331 (116) $ 18,901 $ (223) $ 117,353 $ (7,008) $ 136,254 $ (7,231) 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 September 30, 2023, the Company had 116 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 September 30, 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 September 30, 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 September 30, Nine Months Ended September 30, Held to Maturity CLO Securities 2023 2022 2023 2022 Allowance for credit losses: Beginning balance $ 2,876 $ 2,355 $ 2,444 $ 2,082 Credit loss expense 14 75 446 348 Allowance for credit losses ending balance $ 2,890 $ 2,430 $ 2,890 $ 2,430 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 September 30, 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 September 30, 2023, $4,772,000 of the Company’s held to maturity securities were classified as nonaccrual.

Loans and Allowance for Credit

Loans and Allowance for Credit Losses	9 Months Ended
	Sep. 30, 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) September 30, 2023 December 31, 2022 Commercial 6,416 5,641 Total loans held for sale $ 6,416 $ 5,641 Loans Held for Investment Loans The following table presents the amortized cost and unpaid principal balance of loans held for investment: September 30, 2023 December 31, 2022 (Dollars in thousands) Amortized Unpaid Difference Amortized Unpaid Difference Commercial real estate $ 817,064 $ 818,140 $ (1,076) $ 678,144 $ 679,239 $ (1,095) Construction, land development, land 131,862 132,413 (551) 90,976 91,147 (171) 1-4 family residential 129,588 129,768 (180) 125,981 126,185 (204) Farmland 62,698 62,871 (173) 68,934 69,185 (251) Commercial 1,251,939 1,258,981 (7,042) 1,251,110 1,262,493 (11,383) Factored receivables 1,213,702 1,217,129 (3,427) 1,237,449 1,241,032 (3,583) Consumer 8,166 8,168 (2) 8,868 8,871 (3) Mortgage warehouse 756,509 756,509 — 658,829 658,829 — Total loans held for investment 4,371,528 $ 4,383,979 $ (12,451) 4,120,291 $ 4,136,981 $ (16,690) Allowance for credit losses (34,815) (42,807) $ 4,336,713 $ 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 $8,127,000 and $13,383,000 at September 30, 2023 and December 31, 2022, respectively, and (2) net deferred origination and factoring fees totaling $4,324,000 and $3,307,000 at September 30, 2023 and December 31, 2022, respectively. Accrued interest on loans, which is excluded from the amortized cost of loans held for investment, totaled $28,552,000 and $19,279,000 at September 30, 2023 and December 31, 2022, respectively, and was included in other assets on the Company's consolidated balance sheets. At September 30, 2023 and December 31, 2022, the Company had $219,649,000 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 September 30, 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 $3,581,000 and $8,202,000, respectively. These balances were fully reserved as of those respective dates. During the three months ended June 30, 2023, new adverse developments with one of the two remaining Over-Formula Advance clients caused us to charge-off the entire Over-Formula Advance amount due from that client. This resulted in a net charge-off of $3,330,000; however, this net charge-off had no impact on credit loss expense as the entire amount had been reserved in a prior period. In accordance with the Agreement reached with Covenant, Covenant reimbursed us for $1,665,000 of this charge-off. At September 30, 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 September 30, 2023. Loans with carrying amounts of $1,610,699,000 and $1,356,922,000 at September 30, 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. 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 September 30, 2023 Commercial real estate $ 4,783 $ 1,008 $ (16) $ — $ 5,775 Construction, land development, land 1,235 (5) — 2 1,232 1-4 family residential 1,046 (8) — 1 1,039 Farmland 476 (42) — — 434 Commercial 12,977 (44) (213) 69 12,789 Factored receivables 13,441 389 (1,453) 247 12,624 Consumer 166 (157) (143) 300 166 Mortgage warehouse 846 (90) — — 756 $ 34,970 $ 1,051 $ (1,825) $ 619 $ 34,815 (Dollars in thousands) Beginning Credit Loss Charge-offs Recoveries Ending Three months ended September 30, 2022 Commercial real estate $ 5,167 $ (373) $ — $ — $ 4,794 Construction, land development, land 1,192 (198) — 1 995 1-4 family residential 757 (16) — 1 742 Farmland 490 (23) — — 467 Commercial 12,738 3,431 (208) 59 16,020 Factored receivables 22,212 183 (2,433) 172 20,134 Consumer 197 62 (106) 49 202 Mortgage warehouse 654 103 — — 757 $ 43,407 $ 3,169 $ (2,747) $ 282 $ 44,111 (Dollars in thousands) Beginning Credit Loss Charge-offs Recoveries Ending Nine Months Ended September 30, 2023 Commercial real estate $ 4,459 $ 1,262 $ (16) $ 70 $ 5,775 Construction, land development, land 1,155 73 — 4 1,232 1-4 family residential 838 195 (5) 11 1,039 Farmland 483 (49) — — 434 Commercial 15,918 2,271 (5,559) 159 12,789 Factored receivables 19,121 2,460 (9,566) 609 12,624 Consumer 175 (92) (414) 497 166 Mortgage warehouse 658 98 — — 756 $ 42,807 $ 6,218 $ (15,560) $ 1,350 $ 34,815 (Dollars in thousands) Beginning Credit Loss Charge-offs Recoveries Ending Nine months ended September 30, 2022 Commercial real estate $ 3,961 $ 881 $ (108) $ 60 $ 4,794 Construction, land development, land 827 165 — 3 995 1-4 family residential 468 268 — 6 742 Farmland 562 (95) — — 467 Commercial 14,485 2,417 (1,192) 310 16,020 Factored receivables 20,915 2,298 (3,853) 774 20,134 Consumer 226 180 (313) 109 202 Mortgage warehouse 769 (12) — — 757 $ 42,213 $ 6,102 $ (5,466) $ 1,262 $ 44,111 The decrease in required ACL during the three months ended September 30, 2023 is a function of net charge-offs of $1,206,000 and credit loss expense of $1,051,000. The decrease in required ACL during the nine months ended September 30, 2023 is a function of net charge-offs of $14,210,000 and credit loss expense of $6,218,000. 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 September 30, 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 September 30, 2023 as compared to December 31, 2022, the Company forecasted a minimal decrease national unemployment, a steeper decrease in one-year percentage change in national retail sales, an increase in one-year percentage change in the national home price index, and a slight increase in one-year percentage change in national gross domestic product. At September 30, 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 small increase 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 change in national home price index, the Company projected a positive increase in the first projected quarter followed by a steep drop to negative levels for the remaining three quarters with such negative levels peaking in the fourth projected quarter. For percentage change in national gross domestic product, management projected low-to-near-zero growth for each projected quarter. At September 30, 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 September 30, 2023, changes in projected loss drivers and prepayment assumptions over the reasonable and supportable forecast period increased the required ACL by $164,000. Changes in loan volume and mix increased the required ACL by $395,000. Decreases in required specific reserves decreased the required ACL by $714,000. Net charge-offs during the period were $1,206,000. For the three months ended September 30, 2022, changes in projected loss drivers and prepayment assumptions did not have a meaningful impact on the required ACL. Changes in loan volume and mix decreased the required ACL by $520,000. Increases in required specific reserves increased the required ACL by $1,278,000. Net charge-offs during the period were $2,465,000. For the nine months ended September 30, 2023, changes in projected loss drivers and prepayment assumptions over the reasonable and supportable forecast period increased the required ACL by $561,000. Changes in loan volume and mix increased the required ACL by $179,000. Decreases in required specific reserves decreased the required ACL by $8,732,000. Net charge-offs during the period were $14,210,000. For the nine months ended September 30, 2022, changes in projected loss drivers and prepayment assumptions over the reasonable and supportable forecast period increased the required ACL by $1,487,000. Changes in loan volume and mix decreased the required ACL by $2,665,000. Increases in required specific reserves increased the required ACL by $3,077,000. Net charge-offs during the period were $4,204,000. 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 September 30, 2023 Commercial real estate $ 1,998 $ — $ 174 $ 1,703 $ 3,875 $ 327 Construction, land development, land — — — — — — 1-4 family residential 1,120 — — 26 1,146 126 Farmland 298 — — 930 1,228 — Commercial 939 — 2,929 20,315 24,183 2,080 Factored receivables — 39,404 — — 39,404 6,904 Consumer — — — 171 171 — Mortgage warehouse — — — — — — Total $ 4,355 $ 39,404 $ 3,103 $ 23,145 $ 70,007 $ 9,437 Commercial loans secured by Other collateral primarily consist of large liquid credit loans secured by the underlying enterprise values of the borrowers. At September 30, 2023 the balance of the Over-Formula Advance Portfolio included in factored receivables was $3,581,000 and was fully reserved. At September 30, 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 September 30, 2023 Commercial real estate $ 100 $ 306 $ 1,362 $ 1,768 $ 815,296 $ 817,064 $ — Construction, land development, land — — — — 131,862 131,862 — 1-4 family residential 540 306 245 1,091 128,497 129,588 — Farmland 147 — — 147 62,551 62,698 — Commercial 16,445 2,173 3,650 22,268 1,229,671 1,251,939 — Factored receivables 26,772 6,234 26,346 59,352 1,154,350 1,213,702 26,346 Consumer 17 19 20 56 8,110 8,166 — Mortgage warehouse — — — — 756,509 756,509 — Total $ 44,021 $ 9,038 $ 31,623 $ 84,682 $ 4,286,846 $ 4,371,528 $ 26,346 (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 September 30, 2023 and December 31, 2022, total past due Over-Formula Advances recorded in factored receivables was $3,581,000 and $8,202,000, respectively, all of which was considered past due 90 days or more. At September 30, 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: September 30, 2023 December 31, 2022 (Dollars in thousands) Total Nonaccrual Nonaccrual Total Nonaccrual Nonaccrual Commercial real estate $ 3,801 $ 2,099 $ 871 $ 319 Construction, land development, land — — 150 150 1-4 family residential 1,146 958 1,391 1,238 Farmland 1,228 1,228 400 400 Commercial 24,182 20,671 15,393 3,662 Factored receivables — — — — Consumer 171 171 91 91 Mortgage warehouse — — — — $ 30,528 $ 25,127 $ 18,296 $ 5,860 The following table presents accrued interest on nonaccrual loans reversed through interest income: Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands) 2023 2022 2023 2022 Commercial real estate $ 1 $ — $ 17 $ — Construction, land development, land — — — 2 1-4 family residential 2 1 8 1 Farmland 35 — 57 — Commercial 47 — 55 4 Factored receivables — — — — Consumer 1 — 2 — Mortgage warehouse — — — — $ 86 $ 1 $ 139 $ 7 There was no interest earned on nonaccrual loans during the three and nine months ended September 30, 2023 and 2022. The following table presents information regarding nonperforming loans: (Dollars in thousands) September 30, 2023 December 31, 2022 Nonaccrual loans $ 30,528 $ 18,296 Factored receivables greater than 90 days past due 22,765 28,940 Other nonperforming factored receivables (1) — 491 Troubled debt restructurings accruing interest — 503 $ 53,293 $ 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 September 30, 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 September 30, 2023 2023 2022 2021 2020 2019 Prior Commercial real estate Pass $ 140,428 $ 189,753 $ 122,245 $ 55,488 $ 24,826 $ 106,522 $ 87,141 $ 122 $ 726,525 Classified — 38,008 3,100 46,587 747 2,097 — — 90,539 Total commercial real estate $ 140,428 $ 227,761 $ 125,345 $ 102,075 $ 25,573 $ 108,619 $ 87,141 $ 122 $ 817,064 YTD gross charge-offs $ — $ — $ — $ — $ 16 $ — $ — $ — $ 16 Construction, land development, land Pass $ 35,355 $ 50,828 $ 30,928 $ 5,798 $ 349 $ 6,007 $ 2,597 $ — $ 131,862 Classified — — — — — — — — — Total construction, land development, land $ 35,355 $ 50,828 $ 30,928 $ 5,798 $ 349 $ 6,007 $ 2,597 $ — $ 131,862 YTD gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — 1-4 family residential Pass $ 7,705 $ 10,460 $ 6,003 $ 10,253 $ 4,441 $ 50,464 $ 37,909 $ 1,173 $ 128,408 Classified 167 16 15 175 72 608 127 — 1,180 Total 1-4 family residential $ 7,872 $ 10,476 $ 6,018 $ 10,428 $ 4,513 $ 51,072 $ 38,036 $ 1,173 $ 129,588 YTD gross charge-offs $ 5 $ — $ — $ — $ — $ — $ — $ — $ 5 Farmland Pass $ 16,003 $ 13,463 $ 5,658 $ 7,913 $ 4,582 $ 11,085 $ 1,778 $ 73 $ 60,555 Classified 190 — 19 — — 1,934 — — 2,143 Total farmland $ 16,193 $ 13,463 $ 5,677 $ 7,913 $ 4,582 $ 13,019 $ 1,778 $ 73 $ 62,698 YTD gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial Pass $ 138,634 $ 306,209 $ 110,662 $ 95,731 $ 33,386 $ 23,715 $ 507,606 $ 1,253 $ 1,217,196 Classified 127 18,341 4,958 9,340 649 641 687 — 34,743 Total commercial $ 138,761 $ 324,550 $ 115,620 $ 105,071 $ 34,035 $ 24,356 $ 508,293 $ 1,253 $ 1,251,939 YTD gross charge-offs $ 2 $ 516 $ 4,496 $ 368 $ 9 $ 133 $ 35 $ — $ 5,559 Factored receivables Pass $ 1,175,928 $ — $ — $ 3,581 $ — $ — $ — $ — $ 1,179,509 Classified 14,832 — — 19,361 — — — — 34,193 Total factored receivables $ 1,190,760 $ — $ — $ 22,942 $ — $ — $ — $ — $ 1,213,702 YTD gross charge-offs $ 3,943 $ 2,293 $ — $ 3,330 $ — $ — $ — $ — $ 9,566 Consumer Pass $ 2,226 $ 2,273 $ 877 $ 577 $ 135 $ 1,862 $ 46 $ — $ 7,996 Classified — — 87 — — 83 — — 170 Total consumer $ 2,226 $ 2,273 $ 964 $ 577 $ 135 $ 1,945 $ 46 $ — $ 8,166 YTD gross charge-offs $ 374 $ 9 $ 16 $ 8 $ 2 $ 5 $ — $ — $ 414 Mortgage warehouse Pass $ 756,509 $ — $ — $ — $ — $ — $ — $ — $ 756,509 Classified — — — — — — — — — Total mortgage warehouse $ 756,509 $ — $ — $ — $ — $ — $ — $ — $ 756,509 YTD gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Total loans Pass $ 2,272,788 $ 572,986 $ 276,373 $ 179,341 $ 67,719 $ 199,655 $ 637,077 $ 2,621 $ 4,208,560 Classified 15,316 56,365 8,179 75,463 1,468 5,363 814 — 162,968 Total loans $ 2,288,104 $ 629,351 $ 284,552 $ 254,804 $ 69,187 $ 205,018 $ 637,891 $ 2,621 $ 4,371,528 YTD gross charge-offs $ 4,324 $ 2,818 $ 4,512 $ 3,706 $ 27 $ 138 $ 35 $ — $ 15,560 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 tables present 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 September 30, 2023 Nine Months Ended September 30, 2023 (Dollars in thousands) Amortized Cost % of Portfolio Amortized Cost % of Portfolio Commercial real estate $ 111 — % $ 111 — % 1-4 family residential 271 0.2 % 271 0.2 % Farmland 762 1.2 % 762 1.2 % Commercial 1,913 0.2 % 1,913 0.2 % $ 3,057 0.1 % $ 3,057 0.1 % Term Extension and Rate Reduction Three Months Ended September 30, 2023 Nine Months Ended September 30, 2023 (Dollars in thousands) Amortized Cost % of Portfolio Amortized Cost % of Portfolio Commercial real estate $ 83,344 10.2 % $ 83,344 10.2 % Commercial 549 — % 549 — % $ 83,893 1.9 % $ 83,893 1.9 % The following tables describe the financial effect of the modifications made to borrowers experiencing financial difficulty: Term Extension Three Months Ended September 30, 2023 Nine Months Ended September 30, 2023 Commercial real estate Modification added a weighted average 0.3 years to the life of the modified loans. Modification added a weighted average 0.9 years to the life of the modified loans. 1-4 family residential Modification added a weighted average 0.5 years to the life of the modified loans. Modification added a weighted average 0.5 years to the life of the modified loans. Farmland Modification added a weighted average 0.5 years to the life of the modified loans. Modification added a weighted average 0.5 years to the life of the modified loans. Commercial Modification added a weighted average 0.5 years to the life of the modified loans. Modification added a weighted average 0.6 years to the life of the modified loans. Term Extension and rate Reduction Three Months Ended September 30, 2023 Nine Months Ended September 30, 2023 Commercial real estate Modification added a weighted average 0.5 years to the life of the modified loans and reduced the weighted average contractual interest rate from 10.1% to 5.1%. Modification added a weighted average 0.5 years to the life of the modified loans and reduced the weighted average contractual interest rate from 10.1% to 5.1%. Commercial Modification added a weighted average 0.3 years to the life of the modified loans and reduced the weighted average contractual interest rate from 9.5% to 8.6%. Modification added a weighted average 0.3 years to the life of the modified loans and reduced the weighted average contractual interest rate from 9.5% to 8.6%. Generally, if a loan to a borrower experiencing financial difficulty is modified, the Company will seek to obtain credit enhancements when possible. The following table presents the payment status of loans that have been modified in the last twelve months: September 30, 2023 (Dollars in thousands) Current Past Due Past Due Commercial real estate $ 83,455 $ — $ — 1-4 family residential 271 — — Farmland 762 — — Commercial 2,462 — — $ 86,950 $ — $ — At September 30, 2023, the Company had $325,000 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 and nine months ended September 30, 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 September 30, 2023 and December 31, 2022, the Company had $0 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	9 Months Ended
	Sep. 30, 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) September 30, 2023 December 31, 2022 Goodwill $ 233,709 $ 233,709 September 30, 2023 December 31, 2022 (Dollars in thousands) Gross Carrying Accumulated Net Carrying Gross Carrying Accumulated Net Carrying Core deposit intangibles $ 43,578 $ (37,490) $ 6,088 $ 43,578 $ (35,347) $ 8,231 Software intangible assets 16,932 (9,877) 7,055 16,932 (6,702) 10,230 Other intangible assets 33,452 (20,195) 13,257 30,410 (16,813) 13,597 $ 93,962 $ (67,562) $ 26,400 $ 90,920 $ (58,862) $ 32,058 The changes in goodwill and intangible assets during the three and nine months ended September 30, 2023 and 2022 are as follows: Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands) 2023 2022 2023 2022 Beginning balance $ 262,958 $ 270,666 $ 265,767 $ 276,856 Acquired intangible assets — 851 3,042 851 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) Goodwill transferred from assets held for sale — — — 3,217 Intangible assets transferred from assets held for sale — — — 1,394 Amortization of intangibles (2,849) (2,913) (8,700) (9,085) Ending balance $ 260,109 $ 268,604 $ 260,109 $ 268,604

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
	Sep. 30, 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: Nine Months Ended (Dollars in thousands) September 30, 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 (9,316) Ending Balance $ — The Company did not have any derivative financial instruments at September 30, 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) Nine Months Ended September 30, 2022 Derivatives in cash flow hedging relationships: Interest rate swaps $ 2,398 $ 2,398 Interest Expense $ 7,103 $ 7,103

Variable Interest Entities

Variable Interest Entities	9 Months Ended
	Sep. 30, 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 $3,311,000 and $4,077,000 at September 30, 2023 and December 31, 2022, respectively, and are classified as held to maturity securities within the Company’s consolidated balance sheets. The Company performed a consolidation analysis to confirm whether the Company was required to consolidate the assets, liabilities, equity or operations of the closed CLO funds in its financial statements. The Company concluded that the closed CLO funds were variable interest entities and that the Company holds variable interests in the entities in the form of its investments in the subordinated notes of entities. However, the Company also concluded that the Company does not have the power to direct the activities that most significantly impact the entities’ economic performance. As a result, the Company was not the primary beneficiary and therefore was not required to consolidate the assets, liabilities, equity, or operations of the closed CLO funds in the Company’s financial statements.

Legal Contingencies

Legal Contingencies	9 Months Ended
	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Legal Contingencies	LEGAL CONTINGENCIES The Company, through its direct and indirect wholly owned subsidiaries, has purchased and received payments on accounts receivable payable to Surge Transportation, Inc. (‘Surge’), a licensed freight broker, as part of factoring services provided to such entity. On July 24, 2023, Surge filed for Chapter 11 Bankruptcy in the US Bankruptcy Court in the Middle District of Florida. In connection with the bankruptcy proceedings, certain claimants comprised of motor carriers, contingency collection agents, and factoring companies have filed complaints alleging that such entities have an ownership interest in, or other rights to, amounts paid to the Company in respect of such purchased accounts receivable. The Court has not yet ruled on such complaints. In the event of an adverse ruling with respect to such complaints, Triumph may be required to disgorge or pay to such claimants all or a portion of the amounts it has collected on such receivables. Due to the uncertainty of the existence of or extent of any loss exposure, Triumph is unable to calculate any reserve loss at this time. Additionally, other various legal claims have arisen from time to time in the normal course of business which, in the opinion of management as of September 30, 2023, will have no material effect on the Company’s consolidated financial statements.

Off-Balance Sheet Loan Commitme

Off-Balance Sheet Loan Commitments	9 Months Ended
	Sep. 30, 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: September 30, 2023 December 31, 2022 (Dollars in thousands) Fixed Rate Variable Rate Total Fixed Rate Variable Rate Total Unused lines of credit $ 15,441 $ 563,103 $ 578,544 $ 1,417 $ 487,965 $ 489,382 Standby letters of credit $ 15,725 $ 9,809 $ 25,534 $ 12,309 $ 4,897 $ 17,206 Commitments to purchase loans $ — $ 17,321 $ 17,321 $ — $ 53,572 $ 53,572 Mortgage warehouse commitments $ — $ 851,564 $ 851,564 $ — $ 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 September 30, 2023 and December 31, 2022, the allowance for credit losses on off-balance sheet credit exposures totaled $3,010,000 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 September 30, Nine Months Ended September 30, (Dollars in thousands) 2023 2022 2023 2022 Credit loss expense (benefit) $ (253) $ (598) $ (596) $ (402)

Fair Value Disclosures

Fair Value Disclosures	9 Months Ended
	Sep. 30, 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 September 30, 2023 Level 1 Level 2 Level 3 Assets measured at fair value on a recurring basis Securities available for sale Mortgage-backed securities, residential $ — $ 43,182 $ — $ 43,182 Asset-backed securities — 1,253 — 1,253 State and municipal — 5,028 — 5,028 CLO securities — 240,475 — 240,475 Corporate bonds — 749 — 749 SBA pooled securities — 1,637 — 1,637 $ — $ 292,324 $ — $ 292,324 Equity securities with readily determinable fair values Mutual fund $ 4,289 $ — $ — $ 4,289 Loans held for sale $ — $ 6,416 $ — $ 6,416 Indemnification asset $ — $ — $ 1,701 $ 1,701 Revenue share asset $ — $ — $ 2,696 $ 2,696 Liabilities measured at fair value on a recurring basis Return of premium liability $ — $ — $ 272 $ 272 (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 September 30, 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 $1,791,000 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 September 30, Nine Months Ended September 30, (Dollars in thousands) 2023 2022 2023 2022 Beginning balance $ 1,905 $ 4,377 $ 3,896 $ 4,786 Indemnification asset recognized in business combination — — — — Change in fair value of indemnification asset recognized in earnings (204) (204) (530) (613) Indemnification reduction — — (1,665) — Ending balance $ 1,701 $ 4,173 $ 1,701 $ 4,173 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 September 30, 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 $3,546,000 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 September 30, Nine Months Ended September 30, (Dollars in thousands) 2023 2022 2023 2022 Beginning balance $ 3,053 $ 5,210 $ 5,515 $ — Revenue share asset recognized — 1,027 — 6,237 Change in fair value of revenue share asset recognized in earnings (78) 171 (1,867) 171 Revenue share payments received (279) (230) (952) (230) Ending balance $ 2,696 $ 6,178 $ 2,696 $ 6,178 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 September 30, 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 September 30, Nine Months Ended September 30, (Dollars in thousands) 2023 2022 2023 2022 Beginning balance $ 376 $ 708 $ 575 $ — Return of premium liability recognized — — — 708 Change in fair value of return of premium liability recognized in earnings (104) (104) (303) (104) Return of premium payments made — (34) — (34) Ending balance $ 272 $ 570 $ 272 $ 570 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 September 30, 2023 and December 31, 2022. (Dollars in thousands) Fair Value Measurements Using Total September 30, 2023 Level 1 Level 2 Level 3 Collateral dependent loans Commercial real estate $ — $ — $ 1,374 $ 1,374 1-4 family residential — — 63 63 Commercial — — 1,431 1,431 Factored receivables — — 32,500 32,500 $ — $ — $ 35,368 $ 35,368 (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 September 30, 2023 and December 31, 2022 were as follows: (Dollars in thousands) Carrying Fair Value Measurements Using Total September 30, 2023 Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 337,583 $ 337,583 $ — $ — $ 337,583 Securities - held to maturity 3,311 — — 4,756 4,756 Loans not previously presented, gross 4,336,160 129,815 — 4,111,712 4,241,527 FHLB and other restricted stock 10,101 N/A N/A N/A N/A Accrued interest receivable 33,930 33,930 — — 33,930 Financial liabilities: Deposits 4,487,051 — 4,478,382 — 4,478,382 Federal Home Loan Bank advances 30,000 — 30,000 — 30,000 Subordinated notes 108,454 — 88,057 — 88,057 Junior subordinated debentures 41,592 — 43,392 — 43,392 Accrued interest payable 8,382 8,382 — — 8,382 (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	9 Months Ended
	Sep. 30, 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 September 30, 2023 and December 31, 2022, the Company and TBK Bank meet all capital adequacy requirements to which they are subject. As of September 30, 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 September 30, 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 September 30, 2023 Amount Ratio Amount Ratio Amount Ratio Total capital (to risk weighted assets) Triumph Financial, Inc. $ 790,082 15.8% $ 400,042 8.0% N/A N/A TBK Bank, SSB $ 746,239 15.0% $ 397,994 8.0% $ 497,493 10.0% Tier 1 capital (to risk weighted assets) Triumph Financial, Inc. $ 646,435 12.9% $ 300,667 6.0% N/A N/A TBK Bank, SSB $ 713,628 14.4% $ 297,345 6.0% $ 396,460 8.0% Common equity Tier 1 capital (to risk weighted assets) Triumph Financial, Inc. $ 559,843 11.2% $ 224,937 4.5% N/A N/A TBK Bank, SSB $ 713,628 14.4% $ 223,009 4.5% $ 322,124 6.5% Tier 1 capital (to average assets) Triumph Financial, Inc. $ 646,435 12.4% $ 208,527 4.0% N/A N/A TBK Bank, SSB $ 713,628 13.7% $ 208,359 4.0% $ 260,448 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 September 30, 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 September 30, 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	9 Months Ended
	Sep. 30, 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) September 30, 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 September 30, 2023 December 31, 2022 Shares authorized 50,000,000 50,000,000 Shares issued 28,975,206 28,321,716 Treasury shares (5,683,513) (4,268,131) Shares outstanding 23,291,693 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. 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. 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. 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. On April 28, 2023, the ASR was completed and the Company received an additional delivery of 247,954 common shares. In connection with the completion of the ASR, on May 4, 2023, the Company announced that its board of directors had authorized the Company to repurchase up to an additional $50,000,000 of its outstanding common stock in open market transactions or through privately negotiated transactions at the Company's discretion. The amount, timing and nature of any share repurchases will be based on a variety of factors, including the trading price of the Company's common stock, applicable securities laws restrictions, regulatory limitations and market and economic factors. The repurchase program is authorized for a period of up to one year and does not require the Company to repurchase any specific number of shares. The repurchase program may be modified, suspended or discontinued at any time. The Company has not repurchased any shares under the new share repurchase program.

Stock Based Compensation

Stock Based Compensation	9 Months Ended
	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
Stock Based Compensation	STOCK BASED COMPENSATION Stock based compensation expense that has been charged against income was $3,714,000 and $4,296,000 for the three months ended September 30, 2023 and 2022, respectively, and $9,915,000 and $17,128,000 for the nine months ended September 30, 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 nine months ended September 30, 2023 were as follows: Nonvested RSAs Shares Weighted-Average Nonvested at January 1, 2023 230,486 70.34 Granted 13,374 59.69 Vested (107,623) 60.34 Forfeited (12,978) 75.48 Nonvested at September 30, 2023 123,259 77.07 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 September 30, 2023, there was $2,500,000 of unrecognized compensation cost related to the nonvested RSAs. The cost is expected to be recognized over a remaining period of 1.56 years. Restricted Stock Units A summary of changes in the Company’s nonvested Restricted Stock Units (“RSUs”) under the Omnibus Incentive Plan for the nine months ended September 30, 2023 were as follows: Nonvested RSUs Shares Weighted-Average Nonvested at January 1, 2023 211,300 59.45 Granted 139,836 52.59 Vested (114,509) 43.19 Forfeited (5,112) 63.87 Nonvested at September 30, 2023 231,515 63.25 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 nine months ended September 30, 2023 were as follows: Nonvested Market Based PSUs Shares Weighted-Average Nonvested at January 1, 2023 112,486 $ 55.57 Granted 78,872 78.15 Incremental shares earned 52,694 N/A Vested (122,969) 36.10 Forfeited (3,537) 78.45 Nonvested at September 30, 2023 117,546 $ 87.55 Market Based PSUs granted to employees under the Omnibus Incentive Plan vest after three The fair value of the Market Based PSUs granted was determined using the following weighted-average assumptions: Nine Months Ended September 30, 2023 2022 Grant date May 1, 2023 May 1, 2022 Performance period 3.00 years 3.00 years Stock price $ 51.25 $ 69.44 Triumph Financial stock price volatility 49.33 % 55.17 % Risk-free rate 3.76 % 2.84 % As of September 30, 2023, there was $6,665,000 of unrecognized compensation cost related to the nonvested Market Based PSUs. The cost is expected to be recognized over a remaining period of 2.33 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 nine months ended September 30, 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 September 30, 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 and nine months ended September 30, 2023 and there is no remaining unrecognized compensation cost related to these awards. During the three and nine months ended September 30, 2022, the Company recognized $298,000 and $5,433,000, respectively, 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 nine months ended September 30, 2023 were as follows: Stock Options Shares Weighted-Average Weighted-Average Aggregate Outstanding at January 1, 2023 195,398 $ 39.48 Granted 57,930 51.25 Exercised (6,023) 31.61 Forfeited or expired (3,195) 56.73 Outstanding at September 30, 2023 244,110 $ 42.24 6.29 $ 6,055 Fully vested shares and shares expected to vest at September 30, 2023 244,110 $ 42.24 6.29 $ 6,055 Shares exercisable at September 30, 2023 148,332 $ 32.81 4.59 $ 4,984 Information related to the stock options for the nine months ended September 30, 2023 and 2022 was as follows: Nine Months Ended September 30, (Dollars in thousands, except per share amounts) 2023 2022 Aggregate intrinsic value of options exercised $ 140 $ 280 Cash received from option exercises, net (52) (74) Tax benefit realized from option exercises 29 59 Weighted average fair value per share of options granted $ 25.20 $ 32.15 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. Expected volatilities are determined based on the Company’s historical volatility. 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. The fair value of the stock options granted was determined using the following weighted-average assumptions: Nine Months Ended September 30, 2023 2022 Risk-free interest rate 3.38 % 2.77 % Expected term 6.25 years 6.25 years Expected stock price volatility 45.65 % 43.33 % Dividend yield — — As of September 30, 2023, there was $1,462,000 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 3.11 years. Employee Stock Purchase Plan

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2023
Earnings Per Share [Abstract]
Earnings Per Share	EARNINGS PER SHARE The factors used in the earnings per share computation follow: Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands) 2023 2022 2023 2022 Basic Net income to common stockholders $ 11,993 $ 15,428 $ 29,050 $ 82,346 Weighted average common shares outstanding 23,162,614 24,227,020 23,220,331 24,483,054 Basic earnings per common share $ 0.52 $ 0.64 $ 1.25 $ 3.36 Diluted Net income to common stockholders $ 11,993 $ 15,428 $ 29,050 $ 82,346 Weighted average common shares outstanding 23,162,614 24,227,020 23,220,331 24,483,054 Dilutive effects of: Assumed exercises of stock options 82,909 85,239 77,286 95,252 Restricted stock awards 80,841 122,723 101,842 162,883 Restricted stock units 84,137 97,512 86,844 96,174 Performance stock units - market based 47,248 117,358 85,218 122,526 Performance stock units - performance based — 327,016 — 163,508 Employee stock purchase program 1,165 2,389 908 2,245 Average shares and dilutive potential common shares 23,458,914 24,979,257 23,572,429 25,125,642 Diluted earnings per common share $ 0.51 $ 0.62 $ 1.23 $ 3.28 Shares that were not considered in computing diluted earnings per common share because they were antidilutive are as follows: Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Stock options 101,138 52,878 104,114 52,878 Restricted stock awards — 6,348 — 6,348 Restricted stock units 11,250 15,000 11,250 15,000 Performance stock units - market based 14,424 45,296 14,424 45,296 Performance stock units - performance based — — — — Employee stock purchase program — — — —

Revenue From Contracts With Cus

Revenue From Contracts With Customers	9 Months Ended
	Sep. 30, 2023
Revenue from Contract with Customer [Abstract]
Revenue From Contracts With Customers	REVENUE FROM CONTRACTS WITH CUSTOMERSThe 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. TriumphPay fees included in the Consolidated Statements of Income totaled $4,780,000 and $3,545,000 for the three months ended September 30, 2023 and 2022, respectively, and $12,570,000 and $10,156,000 for the nine months ended September 30, 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	9 Months Ended
	Sep. 30, 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, payment network fees, and servicing fees. Intersegment interest expense is allocated to the Factoring and Payments segments as described above. Beginning January 1, 2023, payment network fees are paid by the Factoring segment to the Payments segment for use of the payments network. Beginning prospectively on June 1, 2023, factoring transactions with freight broker clients were transferred from our Factoring segment to our Payments segment to align with TriumphPay's supply chain finance product offerings. 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 September 30, 2023 Banking Factoring Payments Corporate Consolidated Total interest income $ 68,328 $ 34,244 $ 4,917 $ 44 $ 107,533 Intersegment interest allocations 8,330 (9,664) 1,334 — — Total interest expense 13,723 — — 2,483 16,206 Net interest income (expense) 62,935 24,580 6,251 (2,439) 91,327 Credit loss expense (benefit) 410 375 14 13 812 Net interest income after credit loss expense 62,525 24,205 6,237 (2,452) 90,515 Noninterest income 5,978 2,546 4,817 69 13,410 Noninterest expense 31,503 18,371 14,556 21,829 86,259 Net intersegment noninterest income (expense) (1) — 242 (242) — — Net income (loss) before income tax expense $ 37,000 $ 8,622 $ (3,744) $ (24,212) $ 17,666 (Dollars in thousands) Three months ended September 30, 2022 Banking Factoring Payments Corporate Consolidated Total interest income $ 49,864 $ 49,561 $ 3,756 $ 44 $ 103,225 Intersegment interest allocations 5,890 (5,470) (420) — — Total interest expense 2,925 — — 2,030 4,955 Net interest income (expense) 52,829 44,091 3,336 (1,986) 98,270 Credit loss expense (benefit) 2,388 (52) 235 75 2,646 Net interest income after credit loss expense 50,441 44,143 3,101 (2,061) 95,624 Noninterest income 6,166 2,941 3,518 43 12,668 Noninterest expense 31,496 24,811 14,066 16,316 86,689 Net intersegment noninterest income (expense) (1) — — — — — Net income (loss) before income tax expense $ 25,111 $ 22,273 $ (7,447) $ (18,334) $ 21,603 (Dollars in thousands) Nine months ended September 30, 2023 Banking Factoring Payments Corporate Consolidated Total interest income $ 193,678 $ 108,769 $ 11,115 $ 131 $ 313,693 Intersegment interest allocations 23,420 (28,176) 4,756 — — Total interest expense 30,305 — — 7,228 37,533 Net interest income (expense) 186,793 80,593 15,871 (7,097) 276,160 Credit loss expense (benefit) 3,164 2,405 55 444 6,068 Net interest income after credit loss expense 183,629 78,188 15,816 (7,541) 270,092 Noninterest income 17,998 5,104 12,643 198 35,943 Noninterest expense 95,677 60,358 46,912 62,989 265,936 Net intersegment noninterest income (expense) (1) — (120) 120 — — Net income (loss) before income tax expense $ 105,950 $ 22,814 $ (18,333) $ (70,332) $ 40,099 (Dollars in thousands) Nine months ended September 30, 2022 Banking Factoring Payments Corporate Consolidated Total interest income $ 138,286 $ 161,789 $ 12,760 $ 132 $ 312,967 Intersegment interest allocations 10,741 (9,900) (841) — — Total interest expense 7,549 — — 5,641 13,190 Net interest income (expense) 141,478 151,889 11,919 (5,509) 299,777 Credit loss expense (benefit) 2,638 1,961 405 1,044 6,048 Net interest income after credit loss expense 138,840 149,928 11,514 (6,553) 293,729 Noninterest income 34,419 20,333 17,069 128 71,949 Noninterest expense 91,313 70,454 46,062 46,031 253,860 Net intersegment noninterest income (expense) (1) — — — — — Net income (loss) before income tax expense $ 81,946 $ 99,807 $ (17,479) $ (52,456) $ 111,818 (1) Net intersegment noninterest income (expense) includes: (Dollars in thousands) Factoring Payments Three Months Ended September 30, 2023 Factoring revenue received from Payments $ 510 $ (510) Payments revenue received from Factoring (268) 268 Net intersegment noninterest income (expense) $ 242 $ (242) Three Months Ended September 30, 2022 Factoring revenue received from Payments $ — $ — Payments revenue received from Factoring — — Net intersegment noninterest income (expense) $ — $ — Nine months ended September 30, 2023 Factoring revenue received from Payments $ 680 $ (680) Payments revenue received from Factoring (800) 800 Net intersegment noninterest income (expense) $ (120) $ 120 Nine months ended September 30, 2022 Factoring revenue received from Payments $ — $ — Payments revenue received from Factoring — — Net intersegment noninterest income (expense) $ — $ — Total assets and gross loans below include intersegment loans, which eliminate in consolidation. (Dollars in thousands) September 30, 2023 Banking Factoring Payments Corporate Eliminations Consolidated Total assets $ 5,136,313 $ 1,139,922 $ 484,895 $ 1,039,766 $ (2,201,102) $ 5,599,794 Gross loans $ 3,766,692 $ 1,041,448 $ 172,254 $ — $ (608,866) $ 4,371,528 (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

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2023	Sep. 30, 2022
Pay vs Performance Disclosure
Net income	$ 12,794	$ 7,650	$ 11,010	$ 16,229	$ 44,192	$ 24,329	$ 31,454	$ 84,750

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended	9 Months Ended
	Sep. 30, 2023 shares	Sep. 30, 2023 shares
Trading Arrangements, by Individual
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Edward J. Schreyer [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		On August 23, 2023, Mr. Edward J. Schreyer, the Company’s Executive Vice President and Chief Operating Officer, adopted a written plan for the sale of our common stock that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act (the “Schreyer Trading Plan”). The Schreyer Trading Plan covers the sale of up to 25,282 shares of the Company’s common stock in several transactions over a period commencing after the later of (1) 90 days from the execution of the Schreyer Trading Plan and (2) the second trading day following the public disclosure of the Company’s financial results on Form 10-Q for the quarter ended September 30, 2023, and will cease upon the earlier of March 1, 2024 or the sale of all shares subject to the Schreyer Trading Plan.
Name	Edward J. Schreyer
Title	Executive Vice President and Chief Operating Officer
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	August 23, 2023
Arrangement Duration	191 days
Aggregate Available	25,282	25,282
Adam D. Nelson [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		On September 6, 2023, Mr. Adam D. Nelson, the Company’s Executive Vice President and General Counsel, adopted a written plan for the exercise and sale of non-qualified stock options to purchase our common stock that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act (the “Nelson Trading Plan”). The Nelson Trading Plan covers the exercise and sale of up to 20,160 non-qualified stock options to purchase shares of the Company’s common stock in several transactions over a period commencing after the later of (1) 90 days from the execution of the Nelson Trading Plan and (2) the second trading day following the public disclosure of the Company’s financial results on Form 10-Q for the quarter ended September 30, 2023, and will cease upon the earlier of November 29, 2024 or the sale of all shares subject to the Nelson Trading Plan.
Name	Adam D. Nelson
Title	Executive Vice President and General Counsel
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	September 6, 2023
Arrangement Duration	450 days
Aggregate Available	20,160	20,160

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
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. Certain prior period amounts have been reclassified to conform to the current period presentation. 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 and nine months ended September 30, 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 (i) 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, (ii) 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, and (iii) factoring transactions where we purchase receivables payable to such freight brokers from their shipper clients. 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)	9 Months Ended
	Sep. 30, 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)	9 Months Ended
	Sep. 30, 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 September 30, Nine Months Ended September 30, (Dollars in thousands) 2023 2022 2023 2022 Unrealized gains (losses) on equity securities held at the reporting date $ (137) $ (134) $ (137) $ (588) Realized gains (losses) on equity securities sold during the period — — 18 — $ (137) $ (134) $ (119) $ (588) The gross realized and unrealized gains (losses) recognized on equity securities without readily determinable fair values in noninterest income in the Company’s consolidated statements of income were as follows: Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands) 2023 2022 2023 2022 Unrealized gains (losses) on equity securities still held at the reporting date $ — $ — $ — $ 10,163 Realized gains (losses) on equity securities sold during the period — — — — $ — $ — $ — $ 10,163
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) September 30, 2023 December 31, 2022 Equity Securities without readily determinable fair value, at cost $ 55,812 $ 39,019 Upward adjustments based on observable price changes, cumulative 10,163 10,163 Equity Securities without readily determinable fair value, carrying value $ 65,975 $ 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 September 30, 2023 Available for sale securities: Mortgage-backed securities, residential $ 49,346 $ 9 $ (6,173) $ — $ 43,182 Asset-backed securities 1,243 10 — — 1,253 State and municipal 5,217 — (189) — 5,028 CLO securities 240,162 1,047 (734) — 240,475 Corporate bonds 768 — (19) — 749 SBA pooled securities 1,746 7 (116) — 1,637 Total available for sale securities $ 298,482 $ 1,073 $ (7,231) $ — $ 292,324 (Dollars in thousands) Amortized Gross Gross Fair September 30, 2023 Held to maturity securities: CLO securities $ 6,201 $ 339 $ (1,784) $ 4,756 Allowance for credit losses (2,890) Total held to maturity securities, net of ACL $ 3,311 (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 September 30, 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 $ 1,167 $ 1,165 $ — $ — Due from one year to five years 2,212 2,122 1,913 2,085 Due from five years to ten years 72,866 72,665 4,288 2,671 Due after ten years 169,902 170,300 — — 246,147 246,252 6,201 4,756 Mortgage-backed securities, residential 49,346 43,182 — — Asset-backed securities 1,243 1,253 — — SBA pooled securities 1,746 1,637 — — $ 298,482 $ 292,324 $ 6,201 $ 4,756
Schedule of Proceeds from Sales of Debt Securities and the Associated Gross Gains and Losses as well as Net Gains and Losses from Calls of Debt Securities	Proceeds from sales of debt securities and the associated gross gains and losses as well as net gains and losses from calls of debt securities are as follows: Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands) 2023 2022 2023 2022 Proceeds $ 10,005 $ — $ 14,005 $ 40,163 Gross gains 5 — 5 2,512 Gross losses — — — — Net gains and losses from calls of securities — — — 2
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 September 30, 2023 Available for sale securities: Mortgage-backed securities, residential $ 1,429 $ (100) $ 35,045 $ (6,073) $ 36,474 $ (6,173) Asset-backed securities — — — — — — State and municipal 1,537 (64) 2,986 (125) 4,523 (189) CLO securities 14,966 (34) 78,211 (700) 93,177 (734) Corporate bonds 749 (19) — — 749 (19) SBA pooled securities 220 (6) 1,111 (110) 1,331 (116) $ 18,901 $ (223) $ 117,353 $ (7,008) $ 136,254 $ (7,231) 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 September 30, Nine Months Ended September 30, Held to Maturity CLO Securities 2023 2022 2023 2022 Allowance for credit losses: Beginning balance $ 2,876 $ 2,355 $ 2,444 $ 2,082 Credit loss expense 14 75 446 348 Allowance for credit losses ending balance $ 2,890 $ 2,430 $ 2,890 $ 2,430

Loans and Allowance for Credi_2

Loans and Allowance for Credit Losses (Tables)	9 Months Ended
	Sep. 30, 2023
Receivables [Abstract]
Schedule of Loans Held for Sale	The following table presents loans held for sale: (Dollars in thousands) September 30, 2023 December 31, 2022 Commercial 6,416 5,641 Total loans held for sale $ 6,416 $ 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: September 30, 2023 December 31, 2022 (Dollars in thousands) Amortized Unpaid Difference Amortized Unpaid Difference Commercial real estate $ 817,064 $ 818,140 $ (1,076) $ 678,144 $ 679,239 $ (1,095) Construction, land development, land 131,862 132,413 (551) 90,976 91,147 (171) 1-4 family residential 129,588 129,768 (180) 125,981 126,185 (204) Farmland 62,698 62,871 (173) 68,934 69,185 (251) Commercial 1,251,939 1,258,981 (7,042) 1,251,110 1,262,493 (11,383) Factored receivables 1,213,702 1,217,129 (3,427) 1,237,449 1,241,032 (3,583) Consumer 8,166 8,168 (2) 8,868 8,871 (3) Mortgage warehouse 756,509 756,509 — 658,829 658,829 — Total loans held for investment 4,371,528 $ 4,383,979 $ (12,451) 4,120,291 $ 4,136,981 $ (16,690) Allowance for credit losses (34,815) (42,807) $ 4,336,713 $ 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 September 30, 2023 Commercial real estate $ 4,783 $ 1,008 $ (16) $ — $ 5,775 Construction, land development, land 1,235 (5) — 2 1,232 1-4 family residential 1,046 (8) — 1 1,039 Farmland 476 (42) — — 434 Commercial 12,977 (44) (213) 69 12,789 Factored receivables 13,441 389 (1,453) 247 12,624 Consumer 166 (157) (143) 300 166 Mortgage warehouse 846 (90) — — 756 $ 34,970 $ 1,051 $ (1,825) $ 619 $ 34,815 (Dollars in thousands) Beginning Credit Loss Charge-offs Recoveries Ending Three months ended September 30, 2022 Commercial real estate $ 5,167 $ (373) $ — $ — $ 4,794 Construction, land development, land 1,192 (198) — 1 995 1-4 family residential 757 (16) — 1 742 Farmland 490 (23) — — 467 Commercial 12,738 3,431 (208) 59 16,020 Factored receivables 22,212 183 (2,433) 172 20,134 Consumer 197 62 (106) 49 202 Mortgage warehouse 654 103 — — 757 $ 43,407 $ 3,169 $ (2,747) $ 282 $ 44,111 (Dollars in thousands) Beginning Credit Loss Charge-offs Recoveries Ending Nine Months Ended September 30, 2023 Commercial real estate $ 4,459 $ 1,262 $ (16) $ 70 $ 5,775 Construction, land development, land 1,155 73 — 4 1,232 1-4 family residential 838 195 (5) 11 1,039 Farmland 483 (49) — — 434 Commercial 15,918 2,271 (5,559) 159 12,789 Factored receivables 19,121 2,460 (9,566) 609 12,624 Consumer 175 (92) (414) 497 166 Mortgage warehouse 658 98 — — 756 $ 42,807 $ 6,218 $ (15,560) $ 1,350 $ 34,815 (Dollars in thousands) Beginning Credit Loss Charge-offs Recoveries Ending Nine months ended September 30, 2022 Commercial real estate $ 3,961 $ 881 $ (108) $ 60 $ 4,794 Construction, land development, land 827 165 — 3 995 1-4 family residential 468 268 — 6 742 Farmland 562 (95) — — 467 Commercial 14,485 2,417 (1,192) 310 16,020 Factored receivables 20,915 2,298 (3,853) 774 20,134 Consumer 226 180 (313) 109 202 Mortgage warehouse 769 (12) — — 757 $ 42,213 $ 6,102 $ (5,466) $ 1,262 $ 44,111
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 September 30, 2023 Commercial real estate $ 1,998 $ — $ 174 $ 1,703 $ 3,875 $ 327 Construction, land development, land — — — — — — 1-4 family residential 1,120 — — 26 1,146 126 Farmland 298 — — 930 1,228 — Commercial 939 — 2,929 20,315 24,183 2,080 Factored receivables — 39,404 — — 39,404 6,904 Consumer — — — 171 171 — Mortgage warehouse — — — — — — Total $ 4,355 $ 39,404 $ 3,103 $ 23,145 $ 70,007 $ 9,437 (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 September 30, 2023 Commercial real estate $ 100 $ 306 $ 1,362 $ 1,768 $ 815,296 $ 817,064 $ — Construction, land development, land — — — — 131,862 131,862 — 1-4 family residential 540 306 245 1,091 128,497 129,588 — Farmland 147 — — 147 62,551 62,698 — Commercial 16,445 2,173 3,650 22,268 1,229,671 1,251,939 — Factored receivables 26,772 6,234 26,346 59,352 1,154,350 1,213,702 26,346 Consumer 17 19 20 56 8,110 8,166 — Mortgage warehouse — — — — 756,509 756,509 — Total $ 44,021 $ 9,038 $ 31,623 $ 84,682 $ 4,286,846 $ 4,371,528 $ 26,346 (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: September 30, 2023 December 31, 2022 (Dollars in thousands) Total Nonaccrual Nonaccrual Total Nonaccrual Nonaccrual Commercial real estate $ 3,801 $ 2,099 $ 871 $ 319 Construction, land development, land — — 150 150 1-4 family residential 1,146 958 1,391 1,238 Farmland 1,228 1,228 400 400 Commercial 24,182 20,671 15,393 3,662 Factored receivables — — — — Consumer 171 171 91 91 Mortgage warehouse — — — — $ 30,528 $ 25,127 $ 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 September 30, Nine Months Ended September 30, (Dollars in thousands) 2023 2022 2023 2022 Commercial real estate $ 1 $ — $ 17 $ — Construction, land development, land — — — 2 1-4 family residential 2 1 8 1 Farmland 35 — 57 — Commercial 47 — 55 4 Factored receivables — — — — Consumer 1 — 2 — Mortgage warehouse — — — — $ 86 $ 1 $ 139 $ 7
Schedule of Nonperforming Loans	The following table presents information regarding nonperforming loans: (Dollars in thousands) September 30, 2023 December 31, 2022 Nonaccrual loans $ 30,528 $ 18,296 Factored receivables greater than 90 days past due 22,765 28,940 Other nonperforming factored receivables (1) — 491 Troubled debt restructurings accruing interest — 503 $ 53,293 $ 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 September 30, 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 September 30, 2023 2023 2022 2021 2020 2019 Prior Commercial real estate Pass $ 140,428 $ 189,753 $ 122,245 $ 55,488 $ 24,826 $ 106,522 $ 87,141 $ 122 $ 726,525 Classified — 38,008 3,100 46,587 747 2,097 — — 90,539 Total commercial real estate $ 140,428 $ 227,761 $ 125,345 $ 102,075 $ 25,573 $ 108,619 $ 87,141 $ 122 $ 817,064 YTD gross charge-offs $ — $ — $ — $ — $ 16 $ — $ — $ — $ 16 Construction, land development, land Pass $ 35,355 $ 50,828 $ 30,928 $ 5,798 $ 349 $ 6,007 $ 2,597 $ — $ 131,862 Classified — — — — — — — — — Total construction, land development, land $ 35,355 $ 50,828 $ 30,928 $ 5,798 $ 349 $ 6,007 $ 2,597 $ — $ 131,862 YTD gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — 1-4 family residential Pass $ 7,705 $ 10,460 $ 6,003 $ 10,253 $ 4,441 $ 50,464 $ 37,909 $ 1,173 $ 128,408 Classified 167 16 15 175 72 608 127 — 1,180 Total 1-4 family residential $ 7,872 $ 10,476 $ 6,018 $ 10,428 $ 4,513 $ 51,072 $ 38,036 $ 1,173 $ 129,588 YTD gross charge-offs $ 5 $ — $ — $ — $ — $ — $ — $ — $ 5 Farmland Pass $ 16,003 $ 13,463 $ 5,658 $ 7,913 $ 4,582 $ 11,085 $ 1,778 $ 73 $ 60,555 Classified 190 — 19 — — 1,934 — — 2,143 Total farmland $ 16,193 $ 13,463 $ 5,677 $ 7,913 $ 4,582 $ 13,019 $ 1,778 $ 73 $ 62,698 YTD gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial Pass $ 138,634 $ 306,209 $ 110,662 $ 95,731 $ 33,386 $ 23,715 $ 507,606 $ 1,253 $ 1,217,196 Classified 127 18,341 4,958 9,340 649 641 687 — 34,743 Total commercial $ 138,761 $ 324,550 $ 115,620 $ 105,071 $ 34,035 $ 24,356 $ 508,293 $ 1,253 $ 1,251,939 YTD gross charge-offs $ 2 $ 516 $ 4,496 $ 368 $ 9 $ 133 $ 35 $ — $ 5,559 Factored receivables Pass $ 1,175,928 $ — $ — $ 3,581 $ — $ — $ — $ — $ 1,179,509 Classified 14,832 — — 19,361 — — — — 34,193 Total factored receivables $ 1,190,760 $ — $ — $ 22,942 $ — $ — $ — $ — $ 1,213,702 YTD gross charge-offs $ 3,943 $ 2,293 $ — $ 3,330 $ — $ — $ — $ — $ 9,566 Consumer Pass $ 2,226 $ 2,273 $ 877 $ 577 $ 135 $ 1,862 $ 46 $ — $ 7,996 Classified — — 87 — — 83 — — 170 Total consumer $ 2,226 $ 2,273 $ 964 $ 577 $ 135 $ 1,945 $ 46 $ — $ 8,166 YTD gross charge-offs $ 374 $ 9 $ 16 $ 8 $ 2 $ 5 $ — $ — $ 414 Mortgage warehouse Pass $ 756,509 $ — $ — $ — $ — $ — $ — $ — $ 756,509 Classified — — — — — — — — — Total mortgage warehouse $ 756,509 $ — $ — $ — $ — $ — $ — $ — $ 756,509 YTD gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Total loans Pass $ 2,272,788 $ 572,986 $ 276,373 $ 179,341 $ 67,719 $ 199,655 $ 637,077 $ 2,621 $ 4,208,560 Classified 15,316 56,365 8,179 75,463 1,468 5,363 814 — 162,968 Total loans $ 2,288,104 $ 629,351 $ 284,552 $ 254,804 $ 69,187 $ 205,018 $ 637,891 $ 2,621 $ 4,371,528 YTD gross charge-offs $ 4,324 $ 2,818 $ 4,512 $ 3,706 $ 27 $ 138 $ 35 $ — $ 15,560 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 tables present 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 September 30, 2023 Nine Months Ended September 30, 2023 (Dollars in thousands) Amortized Cost % of Portfolio Amortized Cost % of Portfolio Commercial real estate $ 111 — % $ 111 — % 1-4 family residential 271 0.2 % 271 0.2 % Farmland 762 1.2 % 762 1.2 % Commercial 1,913 0.2 % 1,913 0.2 % $ 3,057 0.1 % $ 3,057 0.1 % Term Extension and Rate Reduction Three Months Ended September 30, 2023 Nine Months Ended September 30, 2023 (Dollars in thousands) Amortized Cost % of Portfolio Amortized Cost % of Portfolio Commercial real estate $ 83,344 10.2 % $ 83,344 10.2 % Commercial 549 — % 549 — % $ 83,893 1.9 % $ 83,893 1.9 % The following tables describe the financial effect of the modifications made to borrowers experiencing financial difficulty: Term Extension Three Months Ended September 30, 2023 Nine Months Ended September 30, 2023 Commercial real estate Modification added a weighted average 0.3 years to the life of the modified loans. Modification added a weighted average 0.9 years to the life of the modified loans. 1-4 family residential Modification added a weighted average 0.5 years to the life of the modified loans. Modification added a weighted average 0.5 years to the life of the modified loans. Farmland Modification added a weighted average 0.5 years to the life of the modified loans. Modification added a weighted average 0.5 years to the life of the modified loans. Commercial Modification added a weighted average 0.5 years to the life of the modified loans. Modification added a weighted average 0.6 years to the life of the modified loans. Term Extension and rate Reduction Three Months Ended September 30, 2023 Nine Months Ended September 30, 2023 Commercial real estate Modification added a weighted average 0.5 years to the life of the modified loans and reduced the weighted average contractual interest rate from 10.1% to 5.1%. Modification added a weighted average 0.5 years to the life of the modified loans and reduced the weighted average contractual interest rate from 10.1% to 5.1%. Commercial Modification added a weighted average 0.3 years to the life of the modified loans and reduced the weighted average contractual interest rate from 9.5% to 8.6%. Modification added a weighted average 0.3 years to the life of the modified loans and reduced the weighted average contractual interest rate from 9.5% to 8.6%. The following table presents the payment status of loans that have been modified in the last twelve months: September 30, 2023 (Dollars in thousands) Current Past Due Past Due Commercial real estate $ 83,455 $ — $ — 1-4 family residential 271 — — Farmland 762 — — Commercial 2,462 — — $ 86,950 $ — $ —

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets and Goodwill	Goodwill and intangible assets consist of the following: (Dollars in thousands) September 30, 2023 December 31, 2022 Goodwill $ 233,709 $ 233,709 September 30, 2023 December 31, 2022 (Dollars in thousands) Gross Carrying Accumulated Net Carrying Gross Carrying Accumulated Net Carrying Core deposit intangibles $ 43,578 $ (37,490) $ 6,088 $ 43,578 $ (35,347) $ 8,231 Software intangible assets 16,932 (9,877) 7,055 16,932 (6,702) 10,230 Other intangible assets 33,452 (20,195) 13,257 30,410 (16,813) 13,597 $ 93,962 $ (67,562) $ 26,400 $ 90,920 $ (58,862) $ 32,058
Schedule of Changes in Goodwill and Intangible Assets	The changes in goodwill and intangible assets during the three and nine months ended September 30, 2023 and 2022 are as follows: Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands) 2023 2022 2023 2022 Beginning balance $ 262,958 $ 270,666 $ 265,767 $ 276,856 Acquired intangible assets — 851 3,042 851 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) Goodwill transferred from assets held for sale — — — 3,217 Intangible assets transferred from assets held for sale — — — 1,394 Amortization of intangibles (2,849) (2,913) (8,700) (9,085) Ending balance $ 260,109 $ 268,604 $ 260,109 $ 268,604

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 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: Nine Months Ended (Dollars in thousands) September 30, 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 (9,316) Ending Balance $ —
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) Nine Months Ended September 30, 2022 Derivatives in cash flow hedging relationships: Interest rate swaps $ 2,398 $ 2,398 Interest Expense $ 7,103 $ 7,103

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	9 Months Ended
	Sep. 30, 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)	9 Months Ended
	Sep. 30, 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: September 30, 2023 December 31, 2022 (Dollars in thousands) Fixed Rate Variable Rate Total Fixed Rate Variable Rate Total Unused lines of credit $ 15,441 $ 563,103 $ 578,544 $ 1,417 $ 487,965 $ 489,382 Standby letters of credit $ 15,725 $ 9,809 $ 25,534 $ 12,309 $ 4,897 $ 17,206 Commitments to purchase loans $ — $ 17,321 $ 17,321 $ — $ 53,572 $ 53,572 Mortgage warehouse commitments $ — $ 851,564 $ 851,564 $ — $ 1,055,117 $ 1,055,117
Credit Loss Expense for Off Balance Sheet Credit Exposures	The following table presents credit loss expense for off balance sheet credit exposures: Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands) 2023 2022 2023 2022 Credit loss expense (benefit) $ (253) $ (598) $ (596) $ (402)

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	9 Months Ended
	Sep. 30, 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 September 30, 2023 Level 1 Level 2 Level 3 Assets measured at fair value on a recurring basis Securities available for sale Mortgage-backed securities, residential $ — $ 43,182 $ — $ 43,182 Asset-backed securities — 1,253 — 1,253 State and municipal — 5,028 — 5,028 CLO securities — 240,475 — 240,475 Corporate bonds — 749 — 749 SBA pooled securities — 1,637 — 1,637 $ — $ 292,324 $ — $ 292,324 Equity securities with readily determinable fair values Mutual fund $ 4,289 $ — $ — $ 4,289 Loans held for sale $ — $ 6,416 $ — $ 6,416 Indemnification asset $ — $ — $ 1,701 $ 1,701 Revenue share asset $ — $ — $ 2,696 $ 2,696 Liabilities measured at fair value on a recurring basis Return of premium liability $ — $ — $ 272 $ 272 (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, Assets	A reconciliation of the opening balance to the closing balance of the fair value of the indemnification asset is as follows: Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands) 2023 2022 2023 2022 Beginning balance $ 1,905 $ 4,377 $ 3,896 $ 4,786 Indemnification asset recognized in business combination — — — — Change in fair value of indemnification asset recognized in earnings (204) (204) (530) (613) Indemnification reduction — — (1,665) — Ending balance $ 1,701 $ 4,173 $ 1,701 $ 4,173 Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands) 2023 2022 2023 2022 Beginning balance $ 3,053 $ 5,210 $ 5,515 $ — Revenue share asset recognized — 1,027 — 6,237 Change in fair value of revenue share asset recognized in earnings (78) 171 (1,867) 171 Revenue share payments received (279) (230) (952) (230) Ending balance $ 2,696 $ 6,178 $ 2,696 $ 6,178
Reconciliation of Opening Balance to Closing Balance of Fair Value of Contingent Consideration, Liabilities	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 September 30, Nine Months Ended September 30, (Dollars in thousands) 2023 2022 2023 2022 Beginning balance $ 376 $ 708 $ 575 $ — Return of premium liability recognized — — — 708 Change in fair value of return of premium liability recognized in earnings (104) (104) (303) (104) Return of premium payments made — (34) — (34) Ending balance $ 272 $ 570 $ 272 $ 570
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 September 30, 2023 and December 31, 2022. (Dollars in thousands) Fair Value Measurements Using Total September 30, 2023 Level 1 Level 2 Level 3 Collateral dependent loans Commercial real estate $ — $ — $ 1,374 $ 1,374 1-4 family residential — — 63 63 Commercial — — 1,431 1,431 Factored receivables — — 32,500 32,500 $ — $ — $ 35,368 $ 35,368 (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 September 30, 2023 and December 31, 2022 were as follows: (Dollars in thousands) Carrying Fair Value Measurements Using Total September 30, 2023 Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 337,583 $ 337,583 $ — $ — $ 337,583 Securities - held to maturity 3,311 — — 4,756 4,756 Loans not previously presented, gross 4,336,160 129,815 — 4,111,712 4,241,527 FHLB and other restricted stock 10,101 N/A N/A N/A N/A Accrued interest receivable 33,930 33,930 — — 33,930 Financial liabilities: Deposits 4,487,051 — 4,478,382 — 4,478,382 Federal Home Loan Bank advances 30,000 — 30,000 — 30,000 Subordinated notes 108,454 — 88,057 — 88,057 Junior subordinated debentures 41,592 — 43,392 — 43,392 Accrued interest payable 8,382 8,382 — — 8,382 (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)	9 Months Ended
	Sep. 30, 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 September 30, 2023 Amount Ratio Amount Ratio Amount Ratio Total capital (to risk weighted assets) Triumph Financial, Inc. $ 790,082 15.8% $ 400,042 8.0% N/A N/A TBK Bank, SSB $ 746,239 15.0% $ 397,994 8.0% $ 497,493 10.0% Tier 1 capital (to risk weighted assets) Triumph Financial, Inc. $ 646,435 12.9% $ 300,667 6.0% N/A N/A TBK Bank, SSB $ 713,628 14.4% $ 297,345 6.0% $ 396,460 8.0% Common equity Tier 1 capital (to risk weighted assets) Triumph Financial, Inc. $ 559,843 11.2% $ 224,937 4.5% N/A N/A TBK Bank, SSB $ 713,628 14.4% $ 223,009 4.5% $ 322,124 6.5% Tier 1 capital (to average assets) Triumph Financial, Inc. $ 646,435 12.4% $ 208,527 4.0% N/A N/A TBK Bank, SSB $ 713,628 13.7% $ 208,359 4.0% $ 260,448 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)	9 Months Ended
	Sep. 30, 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) September 30, 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 September 30, 2023 December 31, 2022 Shares authorized 50,000,000 50,000,000 Shares issued 28,975,206 28,321,716 Treasury shares (5,683,513) (4,268,131) Shares outstanding 23,291,693 24,053,585 Par value per share $ 0.01 $ 0.01

Stock Based Compensation (Table

Stock Based Compensation (Tables)	9 Months Ended
	Sep. 30, 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 nine months ended September 30, 2023 were as follows: Nonvested RSAs Shares Weighted-Average Nonvested at January 1, 2023 230,486 70.34 Granted 13,374 59.69 Vested (107,623) 60.34 Forfeited (12,978) 75.48 Nonvested at September 30, 2023 123,259 77.07
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 nine months ended September 30, 2023 were as follows: Nonvested RSUs Shares Weighted-Average Nonvested at January 1, 2023 211,300 59.45 Granted 139,836 52.59 Vested (114,509) 43.19 Forfeited (5,112) 63.87 Nonvested at September 30, 2023 231,515 63.25
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 nine months ended September 30, 2023 were as follows: Nonvested Market Based PSUs Shares Weighted-Average Nonvested at January 1, 2023 112,486 $ 55.57 Granted 78,872 78.15 Incremental shares earned 52,694 N/A Vested (122,969) 36.10 Forfeited (3,537) 78.45 Nonvested at September 30, 2023 117,546 $ 87.55 A summary of changes in the Company’s nonvested Performance Based Performance Stock Units (“Performance Based PSUs”) under the Omnibus Incentive Plan for the nine months ended September 30, 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 September 30, 2023 — $ —
Fair Value of Stock Market Based PSUs Granted, Weighted-Average Assumptions	The fair value of the Market Based PSUs granted was determined using the following weighted-average assumptions: Nine Months Ended September 30, 2023 2022 Grant date May 1, 2023 May 1, 2022 Performance period 3.00 years 3.00 years Stock price $ 51.25 $ 69.44 Triumph Financial stock price volatility 49.33 % 55.17 % Risk-free rate 3.76 % 2.84 %
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 nine months ended September 30, 2023 were as follows: Stock Options Shares Weighted-Average Weighted-Average Aggregate Outstanding at January 1, 2023 195,398 $ 39.48 Granted 57,930 51.25 Exercised (6,023) 31.61 Forfeited or expired (3,195) 56.73 Outstanding at September 30, 2023 244,110 $ 42.24 6.29 $ 6,055 Fully vested shares and shares expected to vest at September 30, 2023 244,110 $ 42.24 6.29 $ 6,055 Shares exercisable at September 30, 2023 148,332 $ 32.81 4.59 $ 4,984
Schedule of Information Related to Stock Options	Information related to the stock options for the nine months ended September 30, 2023 and 2022 was as follows: Nine Months Ended September 30, (Dollars in thousands, except per share amounts) 2023 2022 Aggregate intrinsic value of options exercised $ 140 $ 280 Cash received from option exercises, net (52) (74) Tax benefit realized from option exercises 29 59 Weighted average fair value per share of options granted $ 25.20 $ 32.15
Fair Value of Stock Options Granted, Weighted-Average Assumptions	The fair value of the stock options granted was determined using the following weighted-average assumptions: Nine Months Ended September 30, 2023 2022 Risk-free interest rate 3.38 % 2.77 % Expected term 6.25 years 6.25 years Expected stock price volatility 45.65 % 43.33 % Dividend yield — —

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 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 September 30, Nine Months Ended September 30, (Dollars in thousands) 2023 2022 2023 2022 Basic Net income to common stockholders $ 11,993 $ 15,428 $ 29,050 $ 82,346 Weighted average common shares outstanding 23,162,614 24,227,020 23,220,331 24,483,054 Basic earnings per common share $ 0.52 $ 0.64 $ 1.25 $ 3.36 Diluted Net income to common stockholders $ 11,993 $ 15,428 $ 29,050 $ 82,346 Weighted average common shares outstanding 23,162,614 24,227,020 23,220,331 24,483,054 Dilutive effects of: Assumed exercises of stock options 82,909 85,239 77,286 95,252 Restricted stock awards 80,841 122,723 101,842 162,883 Restricted stock units 84,137 97,512 86,844 96,174 Performance stock units - market based 47,248 117,358 85,218 122,526 Performance stock units - performance based — 327,016 — 163,508 Employee stock purchase program 1,165 2,389 908 2,245 Average shares and dilutive potential common shares 23,458,914 24,979,257 23,572,429 25,125,642 Diluted earnings per common share $ 0.51 $ 0.62 $ 1.23 $ 3.28
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 September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Stock options 101,138 52,878 104,114 52,878 Restricted stock awards — 6,348 — 6,348 Restricted stock units 11,250 15,000 11,250 15,000 Performance stock units - market based 14,424 45,296 14,424 45,296 Performance stock units - performance based — — — — Employee stock purchase program — — — —

Business Segment Information (T

Business Segment Information (Tables)	9 Months Ended
	Sep. 30, 2023
Segment Reporting [Abstract]
Schedule of Segment Reporting Information	(Dollars in thousands) Three months ended September 30, 2023 Banking Factoring Payments Corporate Consolidated Total interest income $ 68,328 $ 34,244 $ 4,917 $ 44 $ 107,533 Intersegment interest allocations 8,330 (9,664) 1,334 — — Total interest expense 13,723 — — 2,483 16,206 Net interest income (expense) 62,935 24,580 6,251 (2,439) 91,327 Credit loss expense (benefit) 410 375 14 13 812 Net interest income after credit loss expense 62,525 24,205 6,237 (2,452) 90,515 Noninterest income 5,978 2,546 4,817 69 13,410 Noninterest expense 31,503 18,371 14,556 21,829 86,259 Net intersegment noninterest income (expense) (1) — 242 (242) — — Net income (loss) before income tax expense $ 37,000 $ 8,622 $ (3,744) $ (24,212) $ 17,666 (Dollars in thousands) Three months ended September 30, 2022 Banking Factoring Payments Corporate Consolidated Total interest income $ 49,864 $ 49,561 $ 3,756 $ 44 $ 103,225 Intersegment interest allocations 5,890 (5,470) (420) — — Total interest expense 2,925 — — 2,030 4,955 Net interest income (expense) 52,829 44,091 3,336 (1,986) 98,270 Credit loss expense (benefit) 2,388 (52) 235 75 2,646 Net interest income after credit loss expense 50,441 44,143 3,101 (2,061) 95,624 Noninterest income 6,166 2,941 3,518 43 12,668 Noninterest expense 31,496 24,811 14,066 16,316 86,689 Net intersegment noninterest income (expense) (1) — — — — — Net income (loss) before income tax expense $ 25,111 $ 22,273 $ (7,447) $ (18,334) $ 21,603 (Dollars in thousands) Nine months ended September 30, 2023 Banking Factoring Payments Corporate Consolidated Total interest income $ 193,678 $ 108,769 $ 11,115 $ 131 $ 313,693 Intersegment interest allocations 23,420 (28,176) 4,756 — — Total interest expense 30,305 — — 7,228 37,533 Net interest income (expense) 186,793 80,593 15,871 (7,097) 276,160 Credit loss expense (benefit) 3,164 2,405 55 444 6,068 Net interest income after credit loss expense 183,629 78,188 15,816 (7,541) 270,092 Noninterest income 17,998 5,104 12,643 198 35,943 Noninterest expense 95,677 60,358 46,912 62,989 265,936 Net intersegment noninterest income (expense) (1) — (120) 120 — — Net income (loss) before income tax expense $ 105,950 $ 22,814 $ (18,333) $ (70,332) $ 40,099 (Dollars in thousands) Nine months ended September 30, 2022 Banking Factoring Payments Corporate Consolidated Total interest income $ 138,286 $ 161,789 $ 12,760 $ 132 $ 312,967 Intersegment interest allocations 10,741 (9,900) (841) — — Total interest expense 7,549 — — 5,641 13,190 Net interest income (expense) 141,478 151,889 11,919 (5,509) 299,777 Credit loss expense (benefit) 2,638 1,961 405 1,044 6,048 Net interest income after credit loss expense 138,840 149,928 11,514 (6,553) 293,729 Noninterest income 34,419 20,333 17,069 128 71,949 Noninterest expense 91,313 70,454 46,062 46,031 253,860 Net intersegment noninterest income (expense) (1) — — — — — Net income (loss) before income tax expense $ 81,946 $ 99,807 $ (17,479) $ (52,456) $ 111,818 (1) Net intersegment noninterest income (expense) includes: (Dollars in thousands) Factoring Payments Three Months Ended September 30, 2023 Factoring revenue received from Payments $ 510 $ (510) Payments revenue received from Factoring (268) 268 Net intersegment noninterest income (expense) $ 242 $ (242) Three Months Ended September 30, 2022 Factoring revenue received from Payments $ — $ — Payments revenue received from Factoring — — Net intersegment noninterest income (expense) $ — $ — Nine months ended September 30, 2023 Factoring revenue received from Payments $ 680 $ (680) Payments revenue received from Factoring (800) 800 Net intersegment noninterest income (expense) $ (120) $ 120 Nine months ended September 30, 2022 Factoring revenue received from Payments $ — $ — Payments revenue received from Factoring — — Net intersegment noninterest income (expense) $ — $ — Total assets and gross loans below include intersegment loans, which eliminate in consolidation. (Dollars in thousands) September 30, 2023 Banking Factoring Payments Corporate Eliminations Consolidated Total assets $ 5,136,313 $ 1,139,922 $ 484,895 $ 1,039,766 $ (2,201,102) $ 5,599,794 Gross loans $ 3,766,692 $ 1,041,448 $ 172,254 $ — $ (608,866) $ 4,371,528 (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 (Details)	9 Months Ended
	Sep. 30, 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 - Narrative (Details) - Disposal Group, Disposed of by Sale, Not Discontinued Operations - USD ($) $ in Thousands	Sep. 30, 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	Sep. 30, 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 - Narrative (Details

Securities - Narrative (Details) $ in Thousands		3 Months Ended			9 Months Ended		12 Months Ended
	Jun. 10, 2022 USD ($) agreement	Sep. 30, 2023 USD ($) security	Sep. 30, 2022 USD ($)	Jun. 30, 2022 USD ($)	Sep. 30, 2023 USD ($) security investment	Sep. 30, 2022 USD ($)	Dec. 31, 2022 USD ($) investment	Mar. 31, 2022 USD ($)	Oct. 17, 2019 USD ($)
Debt Securities, Available-for-sale [Line Items]
Securities - equity investments with readily determinable fair values		$ 4,289			$ 4,289		$ 5,191
Equity Securities without readily determinable fair value, carrying value		65,975			65,975		49,182
Equity securities without readily determinable fair value, upward price adjustment, annual amount		0	$ 0		0	$ 10,163
Accrued interest		5,036			5,036		$ 2,593
Debt securities, available-for-sale, accrued interest writeoff		$ 0	$ 0		$ 0	$ 0
Number of securities in an unrealized loss position | security		116			116
Number of investments | investment					3		3
Held-to-maturity securities classified as nonaccrual		$ 4,772			$ 4,772
Asset Pledged as Collateral
Debt Securities, Available-for-sale [Line Items]
Debt securities		41,520			41,520		$ 93,813
Trax
Debt Securities, Available-for-sale [Line Items]
Equity Securities without readily determinable fair value, carrying value									$ 9,700
WSI
Debt Securities, Available-for-sale [Line Items]
Equity Securities without readily determinable fair value, carrying value		38,088			38,088		38,088
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
Equity securities without readily determinable fair value, 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, upward price adjustment, annual amount				$ 10,163
Mutual fund
Debt Securities, Available-for-sale [Line Items]
Securities - equity investments with readily determinable fair values		$ 4,289			$ 4,289		$ 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		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Unrealized gains (losses) on equity securities held at the reporting date	$ (137)	$ (134)	$ (137)	$ (588)
Realized gains (losses) on equity securities sold during the period	0	0	18	0
Gross realized and unrealized gains (losses) recognized on equity securities	$ (137)	$ (134)	$ (119)	$ (588)

Securities - Equity Securities

Securities - Equity Securities Without Readily Determinable Fair Values (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Equity Securities without readily determinable fair value, at cost	$ 55,812	$ 39,019
Upward adjustments based on observable price changes, cumulative	10,163	10,163
Equity Securities without readily determinable fair value, carrying value	$ 65,975	$ 49,182

Securities - Gross Realized and

Securities - Gross Realized and Unrealized Gains (Losses) on Equity Securities without Readily Determinable Fair Value (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Unrealized gains (losses) on equity securities still held at the reporting date	$ 0	$ 0	$ 0	$ 10,163
Realized gains (losses) on equity securities sold during the period	0	0	0	0
Gross realized and unrealized gains (losses) recognized on equity securities without readily determinable fair values	$ 0	$ 0	$ 0	$ 10,163

Securities - Schedule of Amorti

Securities - Schedule of Amortized Cost of Securities and Their Estimated Fair Values (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
Available for sale securities:
Amortized Cost	$ 298,482		$ 263,519
Gross Unrealized Gains	1,073		427
Gross Unrealized Losses	(7,231)		(9,442)
Allowance for Credit Losses	0		0
Fair Value	292,324		254,504
Held to maturity securities:
Fair Value	4,756		5,476
Allowance for credit losses	(2,890)	$ (2,876)	(2,444)	$ (2,430)	$ (2,355)	$ (2,082)
Total held to maturity securities, net of ACL	3,311		4,077
Mortgage-backed securities, residential
Available for sale securities:
Amortized Cost	49,346		55,329
Gross Unrealized Gains	9		235
Gross Unrealized Losses	(6,173)		(4,931)
Allowance for Credit Losses	0		0
Fair Value	43,182		50,633
Asset-backed securities
Available for sale securities:
Amortized Cost	1,243		6,389
Gross Unrealized Gains	10		0
Gross Unrealized Losses	0		(58)
Allowance for Credit Losses	0		0
Fair Value	1,253		6,331
State and municipal
Available for sale securities:
Amortized Cost	5,217		13,553
Gross Unrealized Gains	0		1
Gross Unrealized Losses	(189)		(116)
Allowance for Credit Losses	0		0
Fair Value	5,028		13,438
CLO securities
Available for sale securities:
Amortized Cost	240,162		185,068
Gross Unrealized Gains	1,047		161
Gross Unrealized Losses	(734)		(4,218)
Allowance for Credit Losses	0		0
Fair Value	240,475		181,011
Held to maturity securities:
Amortized Cost	6,201		6,521
Gross Unrealized Gains	339		458
Gross Unrecognized Losses	(1,784)		(1,503)
Fair Value	4,756		5,476
Allowance for credit losses	(2,890)		(2,444)
Total held to maturity securities, net of ACL	3,311		4,077
Corporate bonds
Available for sale securities:
Amortized Cost	768		1,270
Gross Unrealized Gains	0		1
Gross Unrealized Losses	(19)		(8)
Allowance for Credit Losses	0		0
Fair Value	749		1,263
SBA pooled securities
Available for sale securities:
Amortized Cost	1,746		1,910
Gross Unrealized Gains	7		29
Gross Unrealized Losses	(116)		(111)
Allowance for Credit Losses	0		0
Fair Value	$ 1,637		$ 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	Sep. 30, 2023	Dec. 31, 2022
Available for Sale Securities, Amortized Cost
Due in one year or less, amortized cost	$ 1,167
Due from one year to five years, amortized cost	2,212
Due from five years to ten years, amortized cost	72,866
Due after ten years, amortized cost	169,902
Available for sale securities, with single maturity date, amortized cost	246,147
Amortized Cost	298,482	$ 263,519
Available for Sale Securities, Fair Value
Due in one year or less, fair value	1,165
Due from one year to five years, fair value	2,122
Due from five years to ten years, fair value	72,665
Due after ten years, fair value	170,300
Available for sale securities, with single maturity date, fair value	246,252
Securities available for sale	292,324	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	1,913
Due from five years to ten years, amortized cost	4,288
Due after ten years, amortized cost	0
Held to maturity securities, with single maturity date, amortized cost	6,201
Total held to maturity securities, net of ACL	6,201
Held to Maturity Securities, Fair Value
Due in one year or less, fair value	0
Due from one year to five years, fair value	2,085
Due from five years to ten years, fair value	2,671
Due after ten years, fair value	0
Held to maturity securities, with single maturity date, fair value	4,756
Fair Value	4,756	5,476
Mortgage-backed securities, residential
Available for Sale Securities, Amortized Cost
Available for sale securities, without single maturity date, amortized cost	49,346
Amortized Cost	49,346	55,329
Available for Sale Securities, Fair Value
Available for sale securities, without single maturity date, fair value	43,182
Securities available for sale	43,182	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	1,243
Amortized Cost	1,243	6,389
Available for Sale Securities, Fair Value
Available for sale securities, without single maturity date, fair value	1,253
Securities available for sale	1,253	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	1,746
Amortized Cost	1,746	1,910
Available for Sale Securities, Fair Value
Available for sale securities, without single maturity date, fair value	1,637
Securities available for sale	1,637	$ 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 Procee

Securities - Schedule of Proceeds from Sales of Debt Securities and the Associated Gross Gains and Losses as well as Net Gains and Losses from Calls of Debt Securities (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Proceeds	$ 10,005	$ 0	$ 14,005	$ 40,163
Gross gains	5	0	5	2,512
Gross losses	0	0	0	0
Net gains and losses from calls of securities	$ 0	$ 0	$ 0	$ 2

Securities - Schedule of Availa

Securities - Schedule of Available for Sale Debt Securities in an Unrealized Loss Position (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, fair value	$ 18,901	$ 193,142
Less than 12 months, unrealized losses	(223)	(5,201)
12 months or more, fair value	117,353	40,261
12 months or more, unrealized losses	(7,008)	(4,241)
Total, fair value	136,254	233,403
Total, unrealized losses	(7,231)	(9,442)
Mortgage-backed securities, residential
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, fair value	1,429	26,030
Less than 12 months, unrealized losses	(100)	(1,507)
12 months or more, fair value	35,045	15,828
12 months or more, unrealized losses	(6,073)	(3,424)
Total, fair value	36,474	41,858
Total, unrealized losses	(6,173)	(4,931)
Asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, fair value	0	1,337
Less than 12 months, unrealized losses	0	(52)
12 months or more, fair value	0	4,994
12 months or more, unrealized losses	0	(6)
Total, fair value	0	6,331
Total, unrealized losses	0	(58)
State and municipal
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, fair value	1,537	12,680
Less than 12 months, unrealized losses	(64)	(116)
12 months or more, fair value	2,986	0
12 months or more, unrealized losses	(125)	0
Total, fair value	4,523	12,680
Total, unrealized losses	(189)	(116)
CLO securities
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, fair value	14,966	151,572
Less than 12 months, unrealized losses	(34)	(3,407)
12 months or more, fair value	78,211	19,439
12 months or more, unrealized losses	(700)	(811)
Total, fair value	93,177	171,011
Total, unrealized losses	(734)	(4,218)
Corporate bonds
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, fair value	749	261
Less than 12 months, unrealized losses	(19)	(8)
12 months or more, fair value	0	0
12 months or more, unrealized losses	0	0
Total, fair value	749	261
Total, unrealized losses	(19)	(8)
SBA pooled securities
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, fair value	220	1,262
Less than 12 months, unrealized losses	(6)	(111)
12 months or more, fair value	1,111	0
12 months or more, unrealized losses	(110)	0
Total, fair value	1,331	1,262
Total, unrealized losses	$ (116)	$ (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		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Allowance for credit losses:
Beginning balance	$ 2,876	$ 2,355	$ 2,444	$ 2,082
Credit loss expense	14	75	446	348
Allowance for credit losses ending balance	$ 2,890	$ 2,430	$ 2,890	$ 2,430

Loans and Allowance for Credi_3

Loans and Allowance for Credit Losses - Schedule of Loans Held for Sale (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for sale	$ 6,416	$ 5,641
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for sale	$ 6,416	$ 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	Sep. 30, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost	$ 4,371,528	$ 4,120,291
Unpaid Principal	4,383,979	4,136,981
Difference	(12,451)	(16,690)
Allowance for credit losses	(34,815)	(42,807)
Loans, net	4,336,713	4,077,484
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost	817,064	678,144
Unpaid Principal	818,140	679,239
Difference	(1,076)	(1,095)
Construction, land development, land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost	131,862	90,976
Unpaid Principal	132,413	91,147
Difference	(551)	(171)
1-4 family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost	129,588	125,981
Unpaid Principal	129,768	126,185
Difference	(180)	(204)
Farmland
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost	62,698	68,934
Unpaid Principal	62,871	69,185
Difference	(173)	(251)
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost	1,251,939	1,251,110
Unpaid Principal	1,258,981	1,262,493
Difference	(7,042)	(11,383)
Factored receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost	1,213,702	1,237,449
Unpaid Principal	1,217,129	1,241,032
Difference	(3,427)	(3,583)
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost	8,166	8,868
Unpaid Principal	8,168	8,871
Difference	(2)	(3)
Mortgage warehouse
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost	756,509	658,829
Unpaid Principal	756,509	658,829
Difference	$ 0	$ 0

Loans and Allowance for Credi_5

Loans and Allowance for Credit Losses - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Premiums and discounts associated with acquired loans	$ 8,127			$ 8,127		$ 13,383
Net deferred origination and factoring fees	4,324			4,324		3,307
Accrued interest on loans	28,552			28,552		19,279
Gross loans	4,371,528			4,371,528		4,120,291
Pledged loans	1,610,699			1,610,699		1,356,922
Credit loss expense	812		$ 2,646	6,068	$ 6,048
Total past due Over-Formula Advances recorded in factored receivables	30,528			30,528		18,296
Interest earned on nonaccrual loans	0		0	0	0
Commitments to lend	325			325
Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	31,623			31,623		41,367
Loans Held for Investment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Net charge-offs	1,206		2,465	14,210	4,204
Credit loss expense	1,051		3,169	6,218	6,102
Changes in Allowance for Credit Losses
Accounts, Notes, Loans and Financing Receivable [Line Items]
Increase in allowance for credit losses due to changes in projected loss drivers and prepayment assumptions	164		0	561	1,487
Increase (decrease) in allowance for credit losses due to changes in loan volume and mix	395		(520)	179	(2,665)
Increase (decrease) in allowance for credit losses due to increase (decrease) in specific reserves	(714)		1,278	(8,732)	3,077
Factored receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Customer reserves	219,649			219,649		249,288
Gross loans	1,213,702			1,213,702		1,237,449
Total past due Over-Formula Advances recorded in factored receivables	0			0		0
Factored receivables | Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	26,346			26,346		37,142
Factored receivables | Over-Formula Advances
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	3,581			3,581		8,202
Net charge-offs		$ 3,330
Reimbursement for charge-off		$ 1,665
Factored receivables | Over-Formula Advances | Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total past due Over-Formula Advances recorded in factored receivables	3,581			3,581		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		19,361
Factored receivables | Loans Held for Investment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit loss expense	389		183	2,460	2,298
1-4 family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	129,588			129,588		125,981
Total past due Over-Formula Advances recorded in factored receivables	1,146			1,146		1,391
1-4 family residential | Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	245			245		776
1-4 family residential | Loans Held for Investment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit loss expense	(8)		$ (16)	195	$ 268
1-4 family residential | Real Eatate Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Residential real estate loans in process of foreclosure	$ 0			$ 0		$ 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		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance			$ 42,807
Credit Loss Expense	$ 812	$ 2,646	6,068	$ 6,048
Charge-offs			(15,560)
Ending Balance	34,815		34,815
Loans Held for Investment
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	34,970	43,407	42,807	42,213
Credit Loss Expense	1,051	3,169	6,218	6,102
Charge-offs	(1,825)	(2,747)	(15,560)	(5,466)
Recoveries	619	282	1,350	1,262
Ending Balance	34,815	44,111	34,815	44,111
Commercial real estate
Allowance for Loan and Lease Losses [Roll Forward]
Charge-offs			(16)
Commercial real estate | Loans Held for Investment
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	4,783	5,167	4,459	3,961
Credit Loss Expense	1,008	(373)	1,262	881
Charge-offs	(16)	0	(16)	(108)
Recoveries	0	0	70	60
Ending Balance	5,775	4,794	5,775	4,794
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	1,235	1,192	1,155	827
Credit Loss Expense	(5)	(198)	73	165
Charge-offs	0	0	0	0
Recoveries	2	1	4	3
Ending Balance	1,232	995	1,232	995
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	1,046	757	838	468
Credit Loss Expense	(8)	(16)	195	268
Charge-offs	0	0	(5)	0
Recoveries	1	1	11	6
Ending Balance	1,039	742	1,039	742
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	476	490	483	562
Credit Loss Expense	(42)	(23)	(49)	(95)
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Ending Balance	434	467	434	467
Commercial
Allowance for Loan and Lease Losses [Roll Forward]
Charge-offs			(5,559)
Commercial | Loans Held for Investment
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	12,977	12,738	15,918	14,485
Credit Loss Expense	(44)	3,431	2,271	2,417
Charge-offs	(213)	(208)	(5,559)	(1,192)
Recoveries	69	59	159	310
Ending Balance	12,789	16,020	12,789	16,020
Factored receivables
Allowance for Loan and Lease Losses [Roll Forward]
Charge-offs			(9,566)
Factored receivables | Loans Held for Investment
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	13,441	22,212	19,121	20,915
Credit Loss Expense	389	183	2,460	2,298
Charge-offs	(1,453)	(2,433)	(9,566)	(3,853)
Recoveries	247	172	609	774
Ending Balance	12,624	20,134	12,624	20,134
Consumer
Allowance for Loan and Lease Losses [Roll Forward]
Charge-offs			(414)
Consumer | Loans Held for Investment
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	166	197	175	226
Credit Loss Expense	(157)	62	(92)	180
Charge-offs	(143)	(106)	(414)	(313)
Recoveries	300	49	497	109
Ending Balance	166	202	166	202
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	846	654	658	769
Credit Loss Expense	(90)	103	98	(12)
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Ending Balance	$ 756	$ 757	$ 756	$ 757

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	Sep. 30, 2023	Dec. 31, 2022
Financing Receivable, Allowance for Credit Loss [Line Items]
ACL Allocation	$ 34,815	$ 42,807
Collateral dependent loans
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	70,007	61,481
ACL Allocation	9,437	18,170
Collateral dependent loans | Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	4,355	2,884
Collateral dependent loans | Accounts Receivable
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	39,404	42,409
Collateral dependent loans | Equipment
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	3,103	5,442
Collateral dependent loans | Other
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	23,145	10,746
Commercial real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	3,875	1,143
ACL Allocation	327	283
Commercial real estate | Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	1,998	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	174	0
Commercial real estate | Other
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	1,703	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	1,146	1,391
ACL Allocation	126	108
1-4 family residential | Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	1,120	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	26	49
Farmland
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	1,228	400
ACL Allocation	0	0
Farmland | Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	298	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	0	108
Farmland | Other
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	930	96
Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	24,183	15,897
ACL Allocation	2,080	4,737
Commercial | Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	939	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	2,929	5,334
Commercial | Other
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	20,315	10,370
Factored receivables
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	39,404	42,409
ACL Allocation	6,904	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	39,404	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	171	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	171	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	Sep. 30, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 4,371,528	$ 4,120,291
Past Due 90 Days or More and Accruing	26,346	37,142
Total Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	84,682	104,445
Past Due 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	44,021	46,716
Past Due 60-90 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	9,038	16,362
Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	31,623	41,367
Current
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	4,286,846	4,015,846
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	817,064	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	1,768	1,756
Commercial real estate | Past Due 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	100	1,301
Commercial real estate | Past Due 60-90 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	306	0
Commercial real estate | Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	1,362	455
Commercial real estate | Current
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	815,296	676,388
Construction, land development, land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	131,862	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	0	145
Construction, land development, land | Past Due 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	0	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	131,862	90,831
1-4 family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	129,588	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	1,091	2,243
1-4 family residential | Past Due 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	540	936
1-4 family residential | Past Due 60-90 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	306	531
1-4 family residential | Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	245	776
1-4 family residential | Current
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	128,497	123,738
Farmland
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	62,698	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	147	0
Farmland | Past Due 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	147	0
Farmland | Past Due 60-90 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	0	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	62,551	68,934
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	1,251,939	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	22,268	7,616
Commercial | Past Due 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	16,445	1,630
Commercial | Past Due 60-90 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	2,173	3,139
Commercial | Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	3,650	2,847
Commercial | Current
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	1,229,671	1,243,494
Factored receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	1,213,702	1,237,449
Past Due 90 Days or More and Accruing	26,346	37,142
Factored receivables | Total Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	59,352	92,590
Factored receivables | Past Due 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	26,772	42,797
Factored receivables | Past Due 60-90 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	6,234	12,651
Factored receivables | Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	26,346	37,142
Factored receivables | Current
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	1,154,350	1,144,859
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	8,166	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	56	95
Consumer | Past Due 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	17	52
Consumer | Past Due 60-90 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	19	41
Consumer | Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	20	2
Consumer | Current
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	8,110	8,773
Mortgage warehouse
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	756,509	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	$ 756,509	$ 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	Sep. 30, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Nonaccrual	$ 30,528	$ 18,296
Nonaccrual With No ACL	25,127	5,860
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Nonaccrual	3,801	871
Nonaccrual With No ACL	2,099	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	1,146	1,391
Nonaccrual With No ACL	958	1,238
Farmland
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Nonaccrual	1,228	400
Nonaccrual With No ACL	1,228	400
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Nonaccrual	24,182	15,393
Nonaccrual With No ACL	20,671	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	171	91
Nonaccrual With No ACL	171	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		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest reversed through interest income	$ 86	$ 1	$ 139	$ 7
Commercial real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest reversed through interest income	1	0	17	0
Construction, land development, land
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest reversed through interest income	0	0	0	2
1-4 family residential
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest reversed through interest income	2	1	8	1
Farmland
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest reversed through interest income	35	0	57	0
Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest reversed through interest income	47	0	55	4
Factored receivables
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest reversed through interest income	0	0	0	0
Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest reversed through interest income	1	0	2	0
Mortgage warehouse
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest reversed through interest income	$ 0	$ 0	$ 0	$ 0

Loans and Allowance for Cred_11

Loans and Allowance for Credit Losses - Schedule of Nonperforming Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	$ 30,528	$ 18,296
Factored receivables greater than 90 days past due	26,346	37,142
Factored receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	0	0
Factored receivables greater than 90 days past due	26,346	37,142
Nonperforming Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	30,528	18,296
Other nonperforming factored receivables	0	491
Troubled debt restructurings accruing interest	0	503
Total loans	53,293	48,230
Nonperforming Loans | Factored receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Factored receivables greater than 90 days past due	$ 22,765	$ 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	9 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	$ 2,288,104	$ 2,593,213
Financing receivable, year one, originated, current fiscal year, gross charge-offs	4,324
Financing receivable, year two, originated, fiscal year before current fiscal year	629,351	396,193
Financing receivable, year two, originated, fiscal year before current fiscal year, gross charge-offs	2,818
Financing receivable, year three, originated, two years before current fiscal year	284,552	393,487
Financing receivable, year three, originated, two years before current fiscal year, gross charge-offs	4,512
Financing receivable, year four, originated, three years before current fiscal year	254,804	80,301
Financing receivable, year four, originated, three years before current fiscal year, gross charge-offs	3,706
Financing receivable, year five, originated, four years before current fiscal year	69,187	34,304
Financing receivable, year five, originated, four years before current fiscal year, gross charge-offs	27
Prior	205,018	91,678
Prior, gross charge-offs	138
Revolving Loans	637,891	530,450
Revolving loans, gross charge-offs	35
Revolving Loans Converted To Term Loans	2,621	665
Revolving loans converted to term loans, gross charge-offs	0
Amortized Cost	4,371,528	4,120,291
Charge-offs	15,560
Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	2,272,788	2,564,651
Financing receivable, year two, originated, fiscal year before current fiscal year	572,986	382,067
Financing receivable, year three, originated, two years before current fiscal year	276,373	367,878
Financing receivable, year four, originated, three years before current fiscal year	179,341	79,063
Financing receivable, year five, originated, four years before current fiscal year	67,719	34,199
Prior	199,655	90,206
Revolving Loans	637,077	530,088
Revolving Loans Converted To Term Loans	2,621	665
Amortized Cost	4,208,560	4,048,817
Classified
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	15,316	28,562
Financing receivable, year two, originated, fiscal year before current fiscal year	56,365	14,126
Financing receivable, year three, originated, two years before current fiscal year	8,179	25,609
Financing receivable, year four, originated, three years before current fiscal year	75,463	1,238
Financing receivable, year five, originated, four years before current fiscal year	1,468	105
Prior	5,363	1,472
Revolving Loans	814	362
Revolving Loans Converted To Term Loans	0	0
Amortized Cost	162,968	71,474
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	140,428	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	227,761	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	125,345	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	102,075	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	25,573	17,786
Financing receivable, year five, originated, four years before current fiscal year, gross charge-offs	16
Prior	108,619	35,674
Prior, gross charge-offs	0
Revolving Loans	87,141	3,675
Revolving loans, gross charge-offs	0
Revolving Loans Converted To Term Loans	122	0
Revolving loans converted to term loans, gross charge-offs	0
Amortized Cost	817,064	678,144
Charge-offs	16
Commercial real estate | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	140,428	231,427
Financing receivable, year two, originated, fiscal year before current fiscal year	189,753	156,895
Financing receivable, year three, originated, two years before current fiscal year	122,245	198,541
Financing receivable, year four, originated, three years before current fiscal year	55,488	28,033
Financing receivable, year five, originated, four years before current fiscal year	24,826	17,786
Prior	106,522	35,658
Revolving Loans	87,141	3,675
Revolving Loans Converted To Term Loans	122	0
Amortized Cost	726,525	672,015
Commercial real estate | Classified
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	0	3,668
Financing receivable, year two, originated, fiscal year before current fiscal year	38,008	551
Financing receivable, year three, originated, two years before current fiscal year	3,100	1,855
Financing receivable, year four, originated, three years before current fiscal year	46,587	39
Financing receivable, year five, originated, four years before current fiscal year	747	0
Prior	2,097	16
Revolving Loans	0	0
Revolving Loans Converted To Term Loans	0	0
Amortized Cost	90,539	6,129
Construction, land development, land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	35,355	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	50,828	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	30,928	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	5,798	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	349	35
Financing receivable, year five, originated, four years before current fiscal year, gross charge-offs	0
Prior	6,007	651
Prior, gross charge-offs	0
Revolving Loans	2,597	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	131,862	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	35,355	71,236
Financing receivable, year two, originated, fiscal year before current fiscal year	50,828	11,328
Financing receivable, year three, originated, two years before current fiscal year	30,928	4,535
Financing receivable, year four, originated, three years before current fiscal year	5,798	3,186
Financing receivable, year five, originated, four years before current fiscal year	349	35
Prior	6,007	506
Revolving Loans	2,597	0
Revolving Loans Converted To Term Loans	0	0
Amortized Cost	131,862	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	7,872	26,443
Financing receivable, year one, originated, current fiscal year, gross charge-offs	5
Financing receivable, year two, originated, fiscal year before current fiscal year	10,476	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	6,018	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	10,428	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	4,513	3,529
Financing receivable, year five, originated, four years before current fiscal year, gross charge-offs	0
Prior	51,072	21,916
Prior, gross charge-offs	0
Revolving Loans	38,036	38,430
Revolving loans, gross charge-offs	0
Revolving Loans Converted To Term Loans	1,173	300
Revolving loans converted to term loans, gross charge-offs	0
Amortized Cost	129,588	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	7,705	26,306
Financing receivable, year two, originated, fiscal year before current fiscal year	10,460	22,639
Financing receivable, year three, originated, two years before current fiscal year	6,003	9,536
Financing receivable, year four, originated, three years before current fiscal year	10,253	2,929
Financing receivable, year five, originated, four years before current fiscal year	4,441	3,528
Prior	50,464	20,910
Revolving Loans	37,909	38,361
Revolving Loans Converted To Term Loans	1,173	300
Amortized Cost	128,408	124,509
1-4 family residential | Classified
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	167	137
Financing receivable, year two, originated, fiscal year before current fiscal year	16	199
Financing receivable, year three, originated, two years before current fiscal year	15	7
Financing receivable, year four, originated, three years before current fiscal year	175	53
Financing receivable, year five, originated, four years before current fiscal year	72	1
Prior	608	1,006
Revolving Loans	127	69
Revolving Loans Converted To Term Loans	0	0
Amortized Cost	1,180	1,472
Farmland
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	16,193	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	13,463	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	5,677	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	7,913	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	4,582	6,742
Financing receivable, year five, originated, four years before current fiscal year, gross charge-offs	0
Prior	13,019	18,679
Prior, gross charge-offs	0
Revolving Loans	1,778	1,016
Revolving loans, gross charge-offs	0
Revolving Loans Converted To Term Loans	73	204
Revolving loans converted to term loans, gross charge-offs	0
Amortized Cost	62,698	68,934
Charge-offs	0
Farmland | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	16,003	18,190
Financing receivable, year two, originated, fiscal year before current fiscal year	13,463	7,291
Financing receivable, year three, originated, two years before current fiscal year	5,658	10,027
Financing receivable, year four, originated, three years before current fiscal year	7,913	2,699
Financing receivable, year five, originated, four years before current fiscal year	4,582	6,742
Prior	11,085	18,569
Revolving Loans	1,778	1,016
Revolving Loans Converted To Term Loans	73	204
Amortized Cost	60,555	64,738
Farmland | Classified
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	190	1,062
Financing receivable, year two, originated, fiscal year before current fiscal year	0	2,796
Financing receivable, year three, originated, two years before current fiscal year	19	120
Financing receivable, year four, originated, three years before current fiscal year	0	108
Financing receivable, year five, originated, four years before current fiscal year	0	0
Prior	1,934	110
Revolving Loans	0	0
Revolving Loans Converted To Term Loans	0	0
Amortized Cost	2,143	4,196
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	138,761	369,704
Financing receivable, year one, originated, current fiscal year, gross charge-offs	2
Financing receivable, year two, originated, fiscal year before current fiscal year	324,550	192,512
Financing receivable, year two, originated, fiscal year before current fiscal year, gross charge-offs	516
Financing receivable, year three, originated, two years before current fiscal year	115,620	140,402
Financing receivable, year three, originated, two years before current fiscal year, gross charge-offs	4,496
Financing receivable, year four, originated, three years before current fiscal year	105,071	42,950
Financing receivable, year four, originated, three years before current fiscal year, gross charge-offs	368
Financing receivable, year five, originated, four years before current fiscal year	34,035	5,938
Financing receivable, year five, originated, four years before current fiscal year, gross charge-offs	9
Prior	24,356	12,261
Prior, gross charge-offs	133
Revolving Loans	508,293	487,182
Revolving loans, gross charge-offs	35
Revolving Loans Converted To Term Loans	1,253	161
Revolving loans converted to term loans, gross charge-offs	0
Amortized Cost	1,251,939	1,251,110
Charge-offs	5,559
Commercial | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	138,634	358,983
Financing receivable, year two, originated, fiscal year before current fiscal year	306,209	181,933
Financing receivable, year three, originated, two years before current fiscal year	110,662	136,635
Financing receivable, year four, originated, three years before current fiscal year	95,731	41,912
Financing receivable, year five, originated, four years before current fiscal year	33,386	5,842
Prior	23,715	12,145
Revolving Loans	507,606	486,889
Revolving Loans Converted To Term Loans	1,253	161
Amortized Cost	1,217,196	1,224,500
Commercial | Classified
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	127	10,721
Financing receivable, year two, originated, fiscal year before current fiscal year	18,341	10,579
Financing receivable, year three, originated, two years before current fiscal year	4,958	3,767
Financing receivable, year four, originated, three years before current fiscal year	9,340	1,038
Financing receivable, year five, originated, four years before current fiscal year	649	96
Prior	641	116
Revolving Loans	687	293
Revolving Loans Converted To Term Loans	0	0
Amortized Cost	34,743	26,610
Factored receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	1,190,760	1,209,886
Financing receivable, year one, originated, current fiscal year, gross charge-offs	3,943
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	22,942	0
Financing receivable, year four, originated, three years before current fiscal year, gross charge-offs	3,330
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	1,213,702	1,237,449
Charge-offs	9,566
Factored receivables | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	1,175,928	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	3,581	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	1,179,509	1,204,622
Factored receivables | Classified
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	14,832	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	19,361	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	34,193	32,827
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	2,226	2,768
Financing receivable, year one, originated, current fiscal year, gross charge-offs	374
Financing receivable, year two, originated, fiscal year before current fiscal year	2,273	1,982
Financing receivable, year two, originated, fiscal year before current fiscal year, gross charge-offs	9
Financing receivable, year three, originated, two years before current fiscal year	964	896
Financing receivable, year three, originated, two years before current fiscal year, gross charge-offs	16
Financing receivable, year four, originated, three years before current fiscal year	577	304
Financing receivable, year four, originated, three years before current fiscal year, gross charge-offs	8
Financing receivable, year five, originated, four years before current fiscal year	135	274
Financing receivable, year five, originated, four years before current fiscal year, gross charge-offs	2
Prior	1,945	2,497
Prior, gross charge-offs	5
Revolving Loans	46	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	8,166	8,868
Charge-offs	414
Consumer | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	2,226	2,768
Financing receivable, year two, originated, fiscal year before current fiscal year	2,273	1,981
Financing receivable, year three, originated, two years before current fiscal year	877	894
Financing receivable, year four, originated, three years before current fiscal year	577	304
Financing receivable, year five, originated, four years before current fiscal year	135	266
Prior	1,862	2,418
Revolving Loans	46	147
Revolving Loans Converted To Term Loans	0	0
Amortized Cost	7,996	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	0	1
Financing receivable, year three, originated, two years before current fiscal year	87	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	83	79
Revolving Loans	0	0
Revolving Loans Converted To Term Loans	0	0
Amortized Cost	170	90
Mortgage warehouse
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	756,509	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	756,509	658,829
Charge-offs	0
Mortgage warehouse | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	756,509	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	756,509	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) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023
Term Extension
Financing Receivable, Modified [Line Items]
Amortized Cost	$ 3,057	$ 3,057
% of Portfolio	0.10%	0.10%
Term Extension and Rate Reduction
Financing Receivable, Modified [Line Items]
Amortized Cost	$ 83,893	$ 83,893
% of Portfolio	1.90%	1.90%
Commercial real estate | Term Extension
Financing Receivable, Modified [Line Items]
Amortized Cost	$ 111	$ 111
% of Portfolio	0%	0%
Commercial real estate | Term Extension and Rate Reduction
Financing Receivable, Modified [Line Items]
Amortized Cost	$ 83,344	$ 83,344
% of Portfolio	10.20%	10.20%
1-4 family residential | Term Extension
Financing Receivable, Modified [Line Items]
Amortized Cost	$ 271	$ 271
% of Portfolio	0.20%	0.20%
Farmland | Term Extension
Financing Receivable, Modified [Line Items]
Amortized Cost	$ 762	$ 762
% of Portfolio	1.20%	1.20%
Commercial | Term Extension
Financing Receivable, Modified [Line Items]
Amortized Cost	$ 1,913	$ 1,913
% of Portfolio	0.20%	0.20%
Commercial | Term Extension and Rate Reduction
Financing Receivable, Modified [Line Items]
Amortized Cost	$ 549	$ 549
% of Portfolio	0%	0%

Loans and Allowance for Cred_14

Loans and Allowance for Credit Losses - Financial Effect of Loan Modifications (Details)	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023
Commercial real estate | Term Extension
Financing Receivable, Modified [Line Items]
Weighted average years added to life of modified loans	3 months 18 days	10 months 24 days
Commercial real estate | Term Extension and Rate Reduction
Financing Receivable, Modified [Line Items]
Weighted average years added to life of modified loans	6 months	6 months
Weighted average contractual interest rate, before modification	10.10%	10.10%
Weighted average contractual interest rate, after modification	5.10%	5.10%
1-4 family residential | Term Extension
Financing Receivable, Modified [Line Items]
Weighted average years added to life of modified loans	6 months	6 months
Farmland | Term Extension
Financing Receivable, Modified [Line Items]
Weighted average years added to life of modified loans	6 months	6 months
Commercial | Term Extension
Financing Receivable, Modified [Line Items]
Weighted average years added to life of modified loans	6 months	7 months 6 days
Commercial | Term Extension and Rate Reduction
Financing Receivable, Modified [Line Items]
Weighted average years added to life of modified loans	3 months 18 days	3 months 18 days
Weighted average contractual interest rate, before modification	9.50%	9.50%
Weighted average contractual interest rate, after modification	8.60%	8.60%

Loans and Allowance for Cred_15

Loans and Allowance for Credit Losses - Performance of Modified Loans (Details) $ in Thousands	Sep. 30, 2023 USD ($)
Current
Financing Receivable, Modified [Line Items]
Modified loans	$ 86,950
Current | Commercial real estate
Financing Receivable, Modified [Line Items]
Modified loans	83,455
Current | 1-4 family residential
Financing Receivable, Modified [Line Items]
Modified loans	271
Current | Farmland
Financing Receivable, Modified [Line Items]
Modified loans	762
Current | Commercial
Financing Receivable, Modified [Line Items]
Modified loans	2,462
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 | 1-4 family residential
Financing Receivable, Modified [Line Items]
Modified loans	0
Past Due 30-89 Days | Farmland
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 | 1-4 family residential
Financing Receivable, Modified [Line Items]
Modified loans	0
Past Due 90 Days or More | Farmland
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	Sep. 30, 2023	Dec. 31, 2022
Goodwill And Intangible Assets [Line Items]
Goodwill	$ 233,709	$ 233,709
Gross Carrying Amount	93,962	90,920
Accumulated Amortization	(67,562)	(58,862)
Net Carrying Amount	26,400	32,058
Core deposit intangibles
Goodwill And Intangible Assets [Line Items]
Gross Carrying Amount	43,578	43,578
Accumulated Amortization	(37,490)	(35,347)
Net Carrying Amount	6,088	8,231
Software intangible assets
Goodwill And Intangible Assets [Line Items]
Gross Carrying Amount	16,932	16,932
Accumulated Amortization	(9,877)	(6,702)
Net Carrying Amount	7,055	10,230
Other intangible assets
Goodwill And Intangible Assets [Line Items]
Gross Carrying Amount	33,452	30,410
Accumulated Amortization	(20,195)	(16,813)
Net Carrying Amount	$ 13,257	$ 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		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Goodwill [Roll Forward]
Beginning balance	$ 262,958	$ 270,666	$ 265,767	$ 276,856
Acquired intangible assets	0	851	3,042	851
Acquired goodwill - measurement period adjustment	0	0	0	(18)
Goodwill transferred to assets held for sale	0	0	0	(3,217)
Intangible assets transferred to assets held for sale	0	0	0	(1,394)
Goodwill transferred from assets held for sale	0	0	0	3,217
Intangible assets transferred from assets held for sale	0	0	0	1,394
Amortization of intangibles	(2,849)	(2,913)	(8,700)	(9,085)
Ending balance	$ 260,109	$ 268,604	$ 260,109	$ 268,604

Derivative Financial Instrume_3

Derivative Financial Instruments - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended				9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2023	Sep. 30, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Reclassification of amount of (gains) losses recognized into income	$ 0	$ 0			$ 0	$ 9,316
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				$ 9,316		$ 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	9 Months Ended
	Mar. 31, 2022	Sep. 30, 2022
AOCI Attributable to Parent, Before Tax [Roll Forward]
Beginning Balance	$ 858,864	$ 858,864
Ending Balance	886,665	891,173
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	$ 9,316	9,316
Reclassification adjustments for amortization of unrealized (gains) into net income		(9,316)
Ending Balance		$ 0

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		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Recognized in OCI on Derivative	$ 0	$ 0	$ 0	$ (4,705)
Amount of (Gain) or Loss Reclassified from AOCI into Income	$ 0	$ 0	$ 0	7,103
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				$ 7,103

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 - Na

Variable Interest Entities - Narrative (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Variable Interest Entity [Line Items]
Total held to maturity securities, net of ACL	$ 3,311	$ 4,077
Collateralized Loan Obligation Funds
Variable Interest Entity [Line Items]
Total held to maturity securities, net of ACL	$ 3,311	$ 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	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Unused lines of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	$ 15,441	$ 1,417
Variable Rate	563,103	487,965
Total	578,544	489,382
Standby letters of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	15,725	12,309
Variable Rate	9,809	4,897
Total	25,534	17,206
Commitments to purchase loans
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	0	0
Variable Rate	17,321	53,572
Total	17,321	53,572
Mortgage warehouse commitments
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	0	0
Variable Rate	851,564	1,055,117
Total	$ 851,564	$ 1,055,117

Off-Balance Sheet Loan Commit_4

Off-Balance Sheet Loan Commitments - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Other Noninterest Expense
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Credit loss expense (benefit)	$ (253)	$ (598)	$ (596)	$ (402)
Other Liabilities
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Allowance for credit losses on off-balance sheet credit exposure	$ 3,010		$ 3,010		$ 3,606

Fair Value Disclosures - Assets

Fair Value Disclosures - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Assets measured at fair value on a recurring basis
Securities available for sale	$ 292,324	$ 254,504
Equity securities with readily determinable fair values	4,289	5,191
Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities available for sale	292,324	254,504
Loans held for sale	6,416	5,641
Indemnification asset	1,701	3,896
Revenue share asset	2,696	5,515
Liabilities measured at fair value on a recurring basis	272	575
Mutual fund
Assets measured at fair value on a recurring basis
Equity securities with readily determinable fair values	4,289	5,191
Mutual fund | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Equity securities with readily determinable fair values	4,289	5,191
Mortgage-backed securities, residential
Assets measured at fair value on a recurring basis
Securities available for sale	43,182	50,633
Mortgage-backed securities, residential | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities available for sale	43,182	50,633
Asset-backed securities
Assets measured at fair value on a recurring basis
Securities available for sale	1,253	6,331
Asset-backed securities | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities available for sale	1,253	6,331
State and municipal
Assets measured at fair value on a recurring basis
Securities available for sale	5,028	13,438
State and municipal | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities available for sale	5,028	13,438
CLO securities
Assets measured at fair value on a recurring basis
Securities available for sale	240,475	181,011
CLO securities | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities available for sale	240,475	181,011
Corporate bonds
Assets measured at fair value on a recurring basis
Securities available for sale	749	1,263
Corporate bonds | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities available for sale	749	1,263
SBA pooled securities
Assets measured at fair value on a recurring basis
Securities available for sale	1,637	1,828
SBA pooled securities | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities available for sale	1,637	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	4,289	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	292,324	254,504
Loans held for sale	6,416	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	43,182	50,633
Level 2 | Asset-backed securities | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities available for sale	1,253	6,331
Level 2 | State and municipal | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities available for sale	5,028	13,438
Level 2 | CLO securities | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities available for sale	240,475	181,011
Level 2 | Corporate bonds | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities available for sale	749	1,263
Level 2 | SBA pooled securities | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities available for sale	1,637	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	1,701	3,896
Revenue share asset	2,696	5,515
Liabilities measured at fair value on a recurring basis	272	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 - Narrat

Fair Value Disclosures - Narrative (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Dec. 31, 2022	Sep. 06, 2022	Jun. 30, 2022
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 | 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 | Measurement Input, Prepayment Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input, prepayment rate	11%	11%
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%
Factored receivables | Disposal Group, Disposed of by Sale, Not Discontinued Operations | Factored Receivable Disposal Group | Minimum
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%
Factored receivables | Disposal Group, Disposed of by Sale, Not Discontinued Operations | Factored Receivable Disposal Group | Maximum
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%
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Indemnification asset, expected cash payments to be received	$ 1,791	$ 4,101
Indemnification asset, discount rate	5%	5%
Revenue share asset, expected cash payments to be received	$ 3,546	$ 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%

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		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Indemnification Asset
Indemnification Asset and Revenue Share Asset
Beginning balance	$ 1,905	$ 4,377	$ 3,896	$ 4,786
Asset recognized	0	0	0	0
Change in fair value of asset recognized in earnings	(204)	(204)	(530)	(613)
Reduction / payments received	0	0	(1,665)	0
Ending balance	1,701	4,173	1,701	4,173
Revenue Share Asset
Indemnification Asset and Revenue Share Asset
Beginning balance	3,053	5,210	5,515	0
Asset recognized	0	1,027	0	6,237
Change in fair value of asset recognized in earnings	(78)	171	(1,867)	171
Reduction / payments received	(279)	(230)	(952)	(230)
Ending balance	2,696	6,178	2,696	6,178
Return of Premium Liability
Return of Premium Liability
Beginning balance	376	708	575	0
Return of premium liability recognized	0	0	0	708
Change in fair value of return of premium liability recognized in earnings	(104)	(104)	(303)	(104)
Return of premium payments made	0	(34)	0	(34)
Ending balance	$ 272	$ 570	$ 272	$ 570

Fair Value Disclosures - Fair V

Fair Value Disclosures - Fair Value of Assets Measured on Non-recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity investment without readily determinable fair value	$ 65,975	$ 49,182
Fair Value, Measurements, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring	35,368	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	1,374	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	63	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	1,431	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	32,500	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	35,368	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	1,374	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	63	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	1,431	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	$ 32,500	$ 29,367

Fair Value Disclosures - Estima

Fair Value Disclosures - Estimated Fair Value of Company's Financial Assets and Financial Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Financial assets:
Cash and cash equivalents, carrying amount	$ 337,583	$ 408,182
FHLB and other restricted stock, carrying amount	10,101	6,252
Securities - held to maturity, fair value	4,756	5,476
Financial liabilities:
Customer repurchase agreements, carrying amount	0	340
Federal Home Loan Bank advances, carrying amount	30,000	30,000
Subordinated notes, carrying amount	108,454	107,800
Junior subordinated debentures, carrying amount	41,592	41,158
Carrying Amount
Financial assets:
Cash and cash equivalents, carrying amount	337,583	408,182
Securities - held to maturity, carrying amount	3,311	4,077
Loans not previously presented, gross, carrying amount	4,336,160	4,088,411
FHLB and other restricted stock, carrying amount	10,101	6,252
Accrued interest receivable, carrying amount	33,930	21,977
Financial liabilities:
Deposits, carrying amount	4,487,051	4,171,336
Customer repurchase agreements, carrying amount		340
Federal Home Loan Bank advances, carrying amount	30,000	30,000
Subordinated notes, carrying amount	108,454	107,800
Junior subordinated debentures, carrying amount	41,592	41,158
Accrued interest payable, carrying amount	8,382	2,830
Total Fair Value
Financial assets:
Cash and cash equivalents, fair value	337,583	408,182
Securities - held to maturity, fair value	4,756	5,476
Loans not previously presented, gross, fair value	4,241,527	3,993,430
Accrued interest receivable, fair value	33,930	21,977
Financial liabilities:
Deposits, fair value	4,478,382	4,159,695
Customer repurchase agreements, fair value		340
Federal Home Loan Bank advances, fair value	30,000	30,000
Subordinated notes, fair value	88,057	104,400
Junior subordinated debentures, fair value	43,392	42,721
Accrued interest payable, fair value	8,382	2,830
Level 1
Financial assets:
Cash and cash equivalents, fair value	337,583	408,182
Securities - held to maturity, fair value	0	0
Loans not previously presented, gross, fair value	129,815	187,729
Accrued interest receivable, fair value	33,930	21,977
Financial liabilities:
Deposits, fair value	0	0
Customer repurchase agreements, fair value		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	8,382	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	4,478,382	4,159,695
Customer repurchase agreements, fair value		340
Federal Home Loan Bank advances, fair value	30,000	30,000
Subordinated notes, fair value	88,057	104,400
Junior subordinated debentures, fair value	43,392	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	4,756	5,476
Loans not previously presented, gross, fair value	4,111,712	3,805,701
Accrued interest receivable, fair value	0	0
Financial liabilities:
Deposits, fair value	0	0
Customer repurchase agreements, fair value		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	Sep. 30, 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	$ 790,082	$ 829,928
Total Capital (to Risk Weighted Assets) Actual Ratio	0.158	0.177
Total Capital (to Risk Weighted Assets) Minimum for Capital Adequacy Purposes Amount	$ 400,042	$ 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	$ 646,435	$ 684,381
Tier 1 Capital (to Risk Weighted Assets) Actual Ratio	0.129	0.146
Tier 1 Capital (to Risk Weighted Assets) Minimum for Capital Adequacy Purposes Amount	$ 300,667	$ 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	$ 559,843	$ 598,223
Common Equity Tier 1 Capital (to Risk Weighted Assets) Actual Ratio	0.112	0.127
Common Equity Tier 1 Capital (to Risk Weighted Assets) Minimum for Capital Adequacy Purposes Amount	$ 224,937	$ 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	$ 646,435	$ 684,381
Tier 1 Capital (to Average Assets) Actual Ratio	0.124	0.130
Tier 1 Capital (to Average Assets) Minimum for Capital Adequacy Purposes Amount	$ 208,527	$ 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	$ 746,239	$ 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	$ 397,994	$ 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	$ 497,493	$ 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	$ 713,628	$ 697,022
Tier 1 Capital (to Risk Weighted Assets) Actual Ratio	0.144	0.150
Tier 1 Capital (to Risk Weighted Assets) Minimum for Capital Adequacy Purposes Amount	$ 297,345	$ 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	$ 396,460	$ 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	$ 713,628	$ 697,022
Common Equity Tier 1 Capital (to Risk Weighted Assets) Actual Ratio	0.144	0.150
Common Equity Tier 1 Capital (to Risk Weighted Assets) Minimum for Capital Adequacy Purposes Amount	$ 223,009	$ 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	$ 322,124	$ 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	$ 713,628	$ 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	$ 208,359	$ 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	$ 260,448	$ 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 ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Class of Stock [Line Items]
Shares authorized (in shares)	50,000,000	50,000,000
Shares issued (in shares)	28,975,206	28,321,716
Treasury shares (in shares)	(5,683,513)	(4,268,131)
Shares outstanding (in shares)	23,291,693	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 share)	$ 0.01	$ 0.01
Liquidation preference per share (in dollars per share)	$ 1,000	$ 1,000
Liquidation preference amount	$ 45,000,000	$ 45,000,000
Dividend rate	7.125%	7.125%

Stockholders' Equity - Narrativ

Stockholders' Equity - Narrative (Details) - USD ($)				3 Months Ended			9 Months Ended
	May 04, 2023	Apr. 28, 2023	Feb. 01, 2023	Dec. 31, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2023	Sep. 30, 2022	Nov. 07, 2022	May 23, 2022	Feb. 07, 2022
Class of Stock [Line Items]
Payments for repurchase of common stock							$ 81,623,000	$ 51,943,000
Stock Repurchase Program
Class of Stock [Line Items]
Amount authorized under stock repurchase program	$ 50,000,000									$ 75,000,000	$ 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						$ 100,000,000
Shares repurchased into treasury stock (in shares)		247,954	961,373
Stock repurchase program, percent of authorized shares repurchased			80%

Stock Based Compensation - Narr

Stock Based Compensation - Narrative (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended		12 Months Ended
	Dec. 31, 2022	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation		$ 3,714	$ 4,296	$ 9,915	$ 17,128
2014 Omnibus Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares approved for issuance (in shares)		2,900,000		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		$ 2,500		$ 2,500
Remaining period to recognize cost				1 year 6 months 21 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		9,308		$ 9,308
Remaining period to recognize cost				3 years 10 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		6,665		$ 6,665
Remaining period to recognize cost				2 years 3 months 29 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%
Stock based compensation, award vesting percentage, potential multiplier				200%
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		$ 0
Stock based compensation, award vesting percentage	142%
Stock based compensation expense recognized		0	$ 298	$ 0	$ 5,433
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				3 years 1 month 9 days
Employees stock options contractual terms				10 years
Total unrecognized compensation cost		$ 1,462		$ 1,462
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)				37,909	24,516

Stock Based Compensation - Summ

Stock Based Compensation - Summary of Changes in Company's Nonvested Restricted Stock Awards (Details) - Restricted Stock Awards (RSAs)	9 Months Ended
	Sep. 30, 2023 $ / shares shares
Shares
Beginning balance (in shares) | shares	230,486
Granted (in shares) | shares	13,374
Vested (in shares) | shares	(107,623)
Forfeited (in shares) | shares	(12,978)
Ending balance (in shares) | shares	123,259
Weighted-Average Grant-Date Fair Value
Beginning balance (in dollars per share) | $ / shares	$ 70.34
Granted (in dollars per share) | $ / shares	59.69
Vested (in dollars per share) | $ / shares	60.34
Forfeited (in dollars per share) | $ / shares	75.48
Ending balance (in dollars per share) | $ / shares	$ 77.07

Stock Based Compensation - Su_2

Stock Based Compensation - Summary of Changes in Company's Nonvested Restricted Stock Units (Details) - Restricted stock units	9 Months Ended
	Sep. 30, 2023 $ / shares shares
Shares
Beginning balance (in shares) | shares	211,300
Granted (in shares) | shares	139,836
Vested (in shares) | shares	(114,509)
Forfeited (in shares) | shares	(5,112)
Ending balance (in shares) | shares	231,515
Weighted-Average Grant-Date Fair Value
Beginning balance (in dollars per share) | $ / shares	$ 59.45
Granted (in dollars per share) | $ / shares	52.59
Vested (in dollars per share) | $ / shares	43.19
Forfeited (in dollars per share) | $ / shares	63.87
Ending balance (in dollars per share) | $ / shares	$ 63.25

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	9 Months Ended
	Sep. 30, 2023 $ / shares shares
Shares
Beginning balance (in shares)	112,486
Granted (in shares)	78,872
Incremental shares earned (in shares)	52,694
Vested (in shares)	(122,969)
Forfeited (in shares)	(3,537)
Ending balance (in shares)	117,546
Weighted-Average Grant-Date Fair Value
Beginning balance (in dollars per share) | $ / shares	$ 55.57
Granted (in dollars per share) | $ / shares	78.15
Vested (in dollars per share) | $ / shares	36.10
Forfeited (in dollars per share) | $ / shares	78.45
Ending balance (in dollars per share) | $ / shares	$ 87.55

Stock Based Compensation - Mark

Stock Based Compensation - Market Based PSUs Weighted-Average Assumptions (Details) - Performance stock units - market based - $ / shares	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance period	3 years	3 years
Stock price (in dollars per share)	$ 51.25	$ 69.44
Triumph Financial stock price volatility	49.33%	55.17%
Risk-free rate	3.76%	2.84%

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)	9 Months Ended
	Sep. 30, 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	9 Months Ended
	Sep. 30, 2023 USD ($) $ / shares shares
Shares
Beginning balance (in shares) | shares	195,398
Granted (in shares) | shares	57,930
Exercised (in shares) | shares	(6,023)
Forfeited or expired (in shares) | shares	(3,195)
Ending balance (in shares) | shares	244,110
Fully vested shares and shares expected to vest (in shares) | shares	244,110
Shares exercisable (in shares) | shares	148,332
Weighted-Average Exercise Price
Beginning balance (in dollars per share) | $ / shares	$ 39.48
Granted (in dollars per share) | $ / shares	51.25
Exercised (in dollars per share) | $ / shares	31.61
Forfeited or expired (in dollars per share) | $ / shares	56.73
Ending balance (in dollars per share) | $ / shares	42.24
Fully vested shares and shares expected to vest (in dollars per share) | $ / shares	42.24
Shares exercisable (in dollars per share) | $ / shares	$ 32.81
Weighted-Average Remaining Contractual Term (In Years)
Outstanding	6 years 3 months 14 days
Fully vested shares and shares expected to vest	6 years 3 months 14 days
Shares exercisable	4 years 7 months 2 days
Aggregate Intrinsic Value (In Thousands)
Outstanding | $	$ 6,055
Fully vested shares and shares expected to vest | $	6,055
Shares exercisable | $	$ 4,984

Stock Based Compensation - Sche

Stock Based Compensation - Schedule of Information Related to Stock Options (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cash received from option exercises, net	$ (52)	$ (74)
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate intrinsic value of options exercised	140	280
Cash received from option exercises, net	(52)	(74)
Tax benefit realized from option exercises	$ 29	$ 59
Weighted average fair value per share of options granted (in dollars per share)	$ 25.20	$ 32.15

Stock Based Compensation - Stoc

Stock Based Compensation - Stock Option Weighted-Average Assumptions (Details) - Stock options	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate	3.38%	2.77%
Expected term	6 years 3 months	6 years 3 months
Expected stock price volatility	45.65%	43.33%
Dividend yield	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		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Basic
Net income to common stockholders	$ 11,993	$ 15,428	$ 29,050	$ 82,346
Weighted average common shares outstanding (in shares)	23,162,614	24,227,020	23,220,331	24,483,054
Basic earnings per common share (in dollars per share)	$ 0.52	$ 0.64	$ 1.25	$ 3.36
Diluted
Net income to common stockholders	$ 11,993	$ 15,428	$ 29,050	$ 82,346
Weighted average common shares outstanding (in shares)	23,162,614	24,227,020	23,220,331	24,483,054
Dilutive effects of:
Average shares and dilutive potential common shares (in shares)	23,458,914	24,979,257	23,572,429	25,125,642
Diluted earnings per common share (in dollars per share)	$ 0.51	$ 0.62	$ 1.23	$ 3.28
Stock options
Dilutive effects of:
Stock based compensation (in shares)	82,909	85,239	77,286	95,252
Restricted stock awards
Dilutive effects of:
Stock based compensation (in shares)	80,841	122,723	101,842	162,883
Restricted stock units
Dilutive effects of:
Stock based compensation (in shares)	84,137	97,512	86,844	96,174
Performance stock units - market based
Dilutive effects of:
Stock based compensation (in shares)	47,248	117,358	85,218	122,526
Performance stock units - performance based
Dilutive effects of:
Stock based compensation (in shares)	0	327,016	0	163,508
Employee stock purchase program
Dilutive effects of:
Stock based compensation (in shares)	1,165	2,389	908	2,245

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		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares (in shares)	101,138	52,878	104,114	52,878
Restricted stock awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares (in shares)	0	6,348	0	6,348
Restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares (in shares)	11,250	15,000	11,250	15,000
Performance stock units - market based
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares (in shares)	14,424	45,296	14,424	45,296
Performance stock units - performance based
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares (in shares)	0	0	0	0
Employee stock purchase program
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares (in shares)	0	0	0	0

Revenue From Contracts With C_2

Revenue From Contracts With Customers (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Payments Segment
Disaggregation of Revenue [Line Items]
Transactional payment and audit fees	$ 4,780	$ 3,545	$ 12,570	$ 10,156

Business Segment Information (D

Business Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Segment Reporting Information [Line Items]
Total interest income	$ 107,533	$ 103,225	$ 313,693	$ 312,967
Intersegment interest allocations	0	0	0	0
Total interest expense	16,206	4,955	37,533	13,190
Net interest income (expense)	91,327	98,270	276,160	299,777
Credit loss expense (benefit)	812	2,646	6,068	6,048
Net interest income after credit loss expense (benefit)	90,515	95,624	270,092	293,729
Noninterest income	13,410	12,668	35,943	71,949
Noninterest expense	86,259	86,689	265,936	253,860
Net intersegment noninterest income (expense)	0	0	0	0
Net income before income tax expense	17,666	21,603	40,099	111,818
Net Intersegment Noninterest Income (Expense) [Abstract]
Net intersegment noninterest income (expense)	0	0	0	0
Total assets	5,599,794		5,599,794		$ 5,333,783
Gross loans	4,371,528		4,371,528		4,120,291
Operating Segments | Banking
Segment Reporting Information [Line Items]
Total interest income	68,328	49,864	193,678	138,286
Total interest expense	13,723	2,925	30,305	7,549
Net interest income (expense)	62,935	52,829	186,793	141,478
Credit loss expense (benefit)	410	2,388	3,164	2,638
Net interest income after credit loss expense (benefit)	62,525	50,441	183,629	138,840
Noninterest income	5,978	6,166	17,998	34,419
Noninterest expense	31,503	31,496	95,677	91,313
Net income before income tax expense	37,000	25,111	105,950	81,946
Net Intersegment Noninterest Income (Expense) [Abstract]
Total assets	5,136,313		5,136,313		4,910,628
Gross loans	3,766,692		3,766,692		3,572,716
Operating Segments | Factoring
Segment Reporting Information [Line Items]
Total interest income	34,244	49,561	108,769	161,789
Total interest expense	0	0	0	0
Net interest income (expense)	24,580	44,091	80,593	151,889
Credit loss expense (benefit)	375	(52)	2,405	1,961
Net interest income after credit loss expense (benefit)	24,205	44,143	78,188	149,928
Noninterest income	2,546	2,941	5,104	20,333
Noninterest expense	18,371	24,811	60,358	70,454
Net income before income tax expense	8,622	22,273	22,814	99,807
Net Intersegment Noninterest Income (Expense) [Abstract]
Total assets	1,139,922		1,139,922		1,260,209
Gross loans	1,041,448		1,041,448		1,151,727
Operating Segments | Payments
Segment Reporting Information [Line Items]
Total interest income	4,917	3,756	11,115	12,760
Total interest expense	0	0	0	0
Net interest income (expense)	6,251	3,336	15,871	11,919
Credit loss expense (benefit)	14	235	55	405
Net interest income after credit loss expense (benefit)	6,237	3,101	15,816	11,514
Noninterest income	4,817	3,518	12,643	17,069
Noninterest expense	14,556	14,066	46,912	46,062
Net income before income tax expense	(3,744)	(7,447)	(18,333)	(17,479)
Net Intersegment Noninterest Income (Expense) [Abstract]
Total assets	484,895		484,895		371,948
Gross loans	172,254		172,254		85,722
Operating Segments | Corporate
Segment Reporting Information [Line Items]
Total interest income	44	44	131	132
Total interest expense	2,483	2,030	7,228	5,641
Net interest income (expense)	(2,439)	(1,986)	(7,097)	(5,509)
Credit loss expense (benefit)	13	75	444	1,044
Net interest income after credit loss expense (benefit)	(2,452)	(2,061)	(7,541)	(6,553)
Noninterest income	69	43	198	128
Noninterest expense	21,829	16,316	62,989	46,031
Net income before income tax expense	(24,212)	(18,334)	(70,332)	(52,456)
Net Intersegment Noninterest Income (Expense) [Abstract]
Total assets	1,039,766		1,039,766		1,061,662
Gross loans	0		0		0
Eliminations
Net Intersegment Noninterest Income (Expense) [Abstract]
Total assets	(2,201,102)		(2,201,102)		(2,270,664)
Gross loans	(608,866)		(608,866)		$ (689,874)
Eliminations | Banking
Segment Reporting Information [Line Items]
Intersegment interest allocations	8,330	5,890	23,420	10,741
Net intersegment noninterest income (expense)	0	0	0	0
Net Intersegment Noninterest Income (Expense) [Abstract]
Net intersegment noninterest income (expense)	0	0	0	0
Eliminations | Factoring
Segment Reporting Information [Line Items]
Intersegment interest allocations	(9,664)	(5,470)	(28,176)	(9,900)
Net intersegment noninterest income (expense)	242	0	(120)	0
Net Intersegment Noninterest Income (Expense) [Abstract]
Factoring revenue received from Payments	510	0	680	0
Payments revenue received from Factoring	(268)	0	(800)	0
Net intersegment noninterest income (expense)	242	0	(120)	0
Eliminations | Payments
Segment Reporting Information [Line Items]
Intersegment interest allocations	1,334	(420)	4,756	(841)
Net intersegment noninterest income (expense)	(242)	0	120	0
Net Intersegment Noninterest Income (Expense) [Abstract]
Factoring revenue received from Payments	(510)	0	(680)	0
Payments revenue received from Factoring	268	0	800	0
Net intersegment noninterest income (expense)	(242)	0	120	0
Eliminations | Corporate
Segment Reporting Information [Line Items]
Intersegment interest allocations	0	0	0	0
Net intersegment noninterest income (expense)	0	0	0	0
Net Intersegment Noninterest Income (Expense) [Abstract]
Net intersegment noninterest income (expense)	$ 0	$ 0	$ 0	$ 0