Triumph Financial (TFIN) 10-Q 16 Oct 24 2024 Q3 Quarterly report Financial data

COVER

COVER - shares	9 Months Ended
	Sep. 30, 2024	Oct. 14, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
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		23,387,463
Amendment Flag	false
Document Fiscal Year Focus	2024
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, 2024	Dec. 31, 2023
ASSETS
Cash and due from banks	$ 78,059	$ 93,072
Interest bearing deposits with other banks	411,221	193,563
Total cash and cash equivalents	489,280	286,635
Securities - equity investments with readily determinable fair values	4,583	4,488
Securities - available for sale	403,186	299,644
Securities - held to maturity, net of allowance for credit losses of $3,383 and $3,190, respectively, fair value of $2,503 and $4,015, respectively	2,121	2,977
Loans held for sale	26	1,236
Loans, net of allowance for credit losses of $41,243 and $35,219, respectively	4,291,724	4,127,881
Federal Home Loan Bank and other restricted stock	7,112	14,278
Premises and equipment, net	156,462	113,457
Capitalized software, net	34,481	22,365
Goodwill	233,709	233,709
Intangible assets, net	17,316	23,646
Bank-owned life insurance	42,381	41,946
Deferred tax asset, net	10,667	8,800
Other assets	172,998	166,272
Total assets	5,866,046	5,347,334
Deposits
Noninterest bearing	2,103,092	1,632,022
Interest bearing	2,603,602	2,345,456
Total deposits	4,706,694	3,977,478
Federal Home Loan Bank advances	30,000	255,000
Subordinated notes	109,072	108,678
Junior subordinated debentures	42,196	41,740
Other liabilities	92,320	100,038
Total liabilities	4,980,282	4,482,934
Commitments and contingencies - See Note 6 and Note 7
Stockholders' equity - See Note 10
Preferred stock	45,000	45,000
Common stock, 23,387,522 and 23,302,414 shares outstanding, respectively	291	290
Additional paid-in-capital	564,464	550,743
Treasury stock, at cost	(268,352)	(265,038)
Retained earnings	546,179	536,331
Accumulated other comprehensive income (loss)	(1,818)	(2,926)
Total stockholders’ equity	885,764	864,400
Total liabilities and stockholders' equity	$ 5,866,046	$ 5,347,334

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Securities - held to maturity, allowance for credit losses	$ 3,383	$ 3,162	$ 3,190	$ 2,890	$ 2,876	$ 2,444
Securities - held to maturity, fair value	2,503		4,015
Allowance for credit losses, loans	$ 41,243		$ 35,219
Common stock, outstanding (in shares)	23,387,522		23,302,414

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Interest and dividend income:
Loans, including fees	$ 52,886	$ 59,669	$ 161,338	$ 169,465
Factored receivables, including fees	40,598	39,161	118,535	119,884
Securities	6,500	5,205	17,374	14,552
FHLB and other restricted stock	379	397	845	741
Cash deposits	7,712	3,101	18,945	9,051
Total interest income	108,075	107,533	317,037	313,693
Interest expense:
Deposits	14,041	12,474	41,713	22,553
Subordinated notes	1,227	1,315	3,676	3,936
Junior subordinated debentures	1,172	1,169	3,518	3,293
Other borrowings	2,936	1,248	5,481	7,751
Total interest expense	19,376	16,206	54,388	37,533
Net interest income	88,699	91,327	262,649	276,160
Credit loss expense (benefit)	4,263	812	14,314	6,068
Net interest income after credit loss expense (benefit)	84,436	90,515	248,335	270,092
Noninterest income:
Net gains (losses) on sale or call of securities	0	5	0	5
Net gains (losses) on sale of loans	253	203	184	206
Insurance commissions	1,472	1,074	4,545	3,970
Other	2,643	227	7,115	(1,320)
Total noninterest income	17,497	13,410	49,663	35,943
Noninterest expense:
Salaries and employee benefits	55,447	50,884	165,637	159,789
Occupancy, furniture and equipment	8,701	7,542	24,902	21,537
FDIC insurance and other regulatory assessments	679	682	1,973	1,968
Professional fees	4,734	3,941	12,833	10,061
Amortization of intangible assets	3,600	2,849	9,193	8,700
Advertising and promotion	1,416	1,839	4,638	4,839
Communications and technology	12,422	10,784	38,623	34,034
Software amortization	1,484	1,024	4,015	3,054
Other	7,163	6,714	21,546	21,954
Total noninterest expense	95,646	86,259	283,360	265,936
Net income before income tax expense	6,287	17,666	14,638	40,099
Income tax expense	940	4,872	2,386	8,645
Net income	5,347	12,794	12,252	31,454
Dividends on preferred stock	(801)	(801)	(2,404)	(2,404)
Net income available to common stockholders	$ 4,546	$ 11,993	$ 9,848	$ 29,050
Earnings per common share
Basic (in dollars per share)	$ 0.19	$ 0.52	$ 0.42	$ 1.25
Diluted (in dollars per share)	$ 0.19	$ 0.51	$ 0.42	$ 1.23
Service charges on deposits
Noninterest income:
Revenue	$ 1,865	$ 1,728	$ 5,402	$ 5,210
Card income
Noninterest income:
Revenue	2,135	2,065	6,088	6,152
Fee income
Noninterest income:
Revenue	$ 9,129	$ 8,108	$ 26,329	$ 21,720

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 5,347	$ 12,794	$ 12,252	$ 31,454
Unrealized gains (losses) on securities:
Unrealized holding gains (losses) arising during the period	2,073	506	1,518	2,862
Tax effect	(496)	(127)	(410)	(568)
Unrealized holding gains (losses) arising during the period, net of taxes	1,577	379	1,108	2,294
Reclassification of amount realized through sale or call of securities	0	(5)	0	(5)
Tax effect	0	1	0	1
Reclassification of amount realized through sale or call of securities, net of taxes	0	(4)	0	(4)
Change in unrealized gains (losses) on securities, net of tax	1,577	375	1,108	2,290
Total other comprehensive income (loss)	1,577	375	1,108	2,290
Comprehensive income	$ 6,924	$ 13,169	$ 13,360	$ 33,744

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, 2022	$ 888,971	$ 45,000	$ 283	$ 534,790	$ (182,658)	$ 498,456	$ (6,900)
Beginning balance, common stock (in shares) at Mar. 31, 2023			23,370,515
Beginning balance, treasury stock (in shares) at Dec. 31, 2022					4,268,131
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of restricted stock awards (in shares)			6,852
Vesting of restricted stock units and performance stock units (in shares)			366,892
Vesting of restricted stock units 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	(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
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
Beginning balance, treasury stock (in shares) at Dec. 31, 2022					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
Ending balance, treasury stock (in shares) at Sep. 30, 2023					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 units and performance stock units (in shares)			233,728
Vesting of restricted stock units 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	(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
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	(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
Beginning Balance at Dec. 31, 2023	$ 864,400	45,000	$ 290	550,743	$ (265,038)	536,331	(2,926)
Beginning balance, common stock (in shares) at Mar. 31, 2024			23,334,997
Beginning balance, treasury stock (in shares) at Dec. 31, 2023	5,683,841				5,683,841
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Vesting of restricted stock units and performance stock units (in shares)			9,877
Stock option exercises, net (in shares)			5,401
Stock option exercises, net	$ 144			144
Issuance of common stock pursuant to the Employee Stock Purchase Plan (in shares)			18,328
Issuance of common stock pursuant to the Employee Stock Purchase Plan	1,099			1,099
Stock based compensation	3,627			3,627
Purchase of treasury stock, net (in shares)			1,023		1,023
Purchase of treasury stock, net	(81)				$ (81)
Dividends on preferred stock	(801)					(801)
Net income	4,158					4,158
Other comprehensive income (loss)	(207)						(207)
Ending Balance at Mar. 31, 2024	$ 872,339	45,000	$ 290	555,613	$ (265,119)	539,688	(3,133)
Ending balance, common stock (in shares) at Dec. 31, 2023	23,302,414		23,302,414
Ending balance, treasury stock (in shares) at Mar. 31, 2024					5,684,864
Beginning Balance at Dec. 31, 2023	$ 864,400	45,000	$ 290	550,743	$ (265,038)	536,331	(2,926)
Beginning balance, common stock (in shares) at Sep. 30, 2024	23,387,522		23,387,522
Beginning balance, treasury stock (in shares) at Dec. 31, 2023	5,683,841				5,683,841
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 12,252
Other comprehensive income (loss)	1,108
Ending Balance at Sep. 30, 2024	$ 885,764	45,000	$ 291	564,464	$ (268,352)	546,179	(1,818)
Ending balance, common stock (in shares) at Dec. 31, 2023	23,302,414		23,302,414
Ending balance, treasury stock (in shares) at Sep. 30, 2024	5,729,743				5,729,743
Beginning Balance at Mar. 31, 2024	$ 872,339	45,000	$ 290	555,613	$ (265,119)	539,688	(3,133)
Beginning balance, common stock (in shares) at Jun. 30, 2024			23,353,519
Beginning balance, treasury stock (in shares) at Mar. 31, 2024					5,684,864
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Vesting of restricted stock units and performance stock units (in shares)			63,401
Vesting of restricted stock units and performance stock units	0		$ 1	(1)
Stock based compensation	3,439			3,439
Forfeiture of restricted stock awards (in shares)			278		278
Forfeiture of restricted stock awards	0			21	$ (21)
Purchase of treasury stock, net (in shares)			44,601		44,601
Purchase of treasury stock, net	(3,212)				$ (3,212)
Dividends on preferred stock	(802)					(802)
Net income	2,747					2,747
Other comprehensive income (loss)	(262)						(262)
Ending Balance at Jun. 30, 2024	$ 874,249	45,000	$ 291	559,072	$ (268,352)	541,633	(3,395)
Ending balance, common stock (in shares) at Mar. 31, 2024			23,334,997
Ending balance, treasury stock (in shares) at Jun. 30, 2024					5,729,743
Beginning balance, common stock (in shares) at Sep. 30, 2024	23,387,522		23,387,522
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Vesting of restricted stock units and performance stock units (in shares)			5,332
Stock option exercises, net (in shares)			10,350
Stock option exercises, net	$ 281			281
Issuance of common stock pursuant to the Employee Stock Purchase Plan (in shares)			18,321
Issuance of common stock pursuant to the Employee Stock Purchase Plan	1,085			1,085
Stock based compensation	4,026			4,026
Dividends on preferred stock	(801)					(801)
Net income	5,347					5,347
Other comprehensive income (loss)	1,577						1,577
Ending Balance at Sep. 30, 2024	$ 885,764	$ 45,000	$ 291	$ 564,464	$ (268,352)	$ 546,179	$ (1,818)
Ending balance, common stock (in shares) at Jun. 30, 2024			23,353,519
Ending balance, treasury stock (in shares) at Sep. 30, 2024	5,729,743				5,729,743

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities:
Net income	$ 12,252	$ 31,454
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation	11,545	10,212
Net accretion on loans	(2,491)	(4,203)
Amortization of subordinated notes issuance costs	394	654
Amortization of junior subordinated debentures	456	434
Net (accretion) amortization on securities	(665)	(665)
Amortization of intangible assets	9,193	8,700
Software amortization	4,015	3,054
Deferred taxes, net	(2,279)	6,313
Credit loss expense (benefit)	14,314	6,068
Stock based compensation	11,092	9,915
Net (gains) losses on sale or call of debt securities	0	(5)
Net (gains) losses on equity securities	(629)	119
Net OREO (gains) losses and valuation adjustments	16	0
Origination of loans held for sale	(5,844)	(3,584)
Proceeds from sale of loans originated or purchased for sale	5,253	3,435
Net (gains) losses on sale of loans	(184)	(206)
Net change in operating leases	211	(199)
(Increase) decrease in other assets	(23,768)	(42,870)
Increase (decrease) in other liabilities	(11,289)	(10,672)
Net cash provided by (used in) operating activities	21,592	17,954
Cash flows from investing activities:
Proceeds from sales of equity securities	0	783
Purchases of securities available for sale	(165,451)	(69,483)
Proceeds from sales of securities available for sale	0	14,005
Proceeds from maturities, calls, and pay downs of securities available for sale	68,959	21,054
Proceeds from maturities, calls, and pay downs of securities held to maturity	796	451
Purchases of loans held for investment	(7,839)	(18,842)
Proceeds from sale of loans	24,578	45,940
Net change in loans	(190,878)	(288,762)
Purchases of premises and equipment, net	(54,550)	(19,935)
Net proceeds from sale of OREO	64	0
(Purchases) redemptions of FHLB and other restricted stock, net	7,166	(3,849)
Acquired intangible assets	(2,920)	(3,042)
Net cash provided by (used in) investing activities	(320,075)	(321,680)
Cash flows from financing activities:
Net increase (decrease) in deposits	729,216	315,715
Increase (decrease) in customer repurchase agreements	0	(340)
Increase (decrease) in Federal Home Loan Bank advances	(225,000)	0
Preferred stock dividends	(2,404)	(2,404)
Stock option exercises, net	425	(52)
Proceeds from employee stock purchase plan common stock issuance	2,184	1,831
Purchase of treasury stock, net	(3,293)	(81,623)
Net cash provided by (used in) financing activities	501,128	233,127
Net increase (decrease) in cash and cash equivalents	202,645	(70,599)
Cash and cash equivalents at beginning of period	286,635	408,182
Cash and cash equivalents at end of period	489,280	337,583
Supplemental cash flow information:
Interest paid	53,026	30,893
Income taxes paid, net	813	14,019
Cash paid for operating lease liabilities	3,881	4,149
Supplemental noncash disclosures:
Loans transferred to OREO	621	0
Loans held for investment transferred to loans held for sale	22,787	46,625
Lease liabilities arising from obtaining right-of-use assets	2,482	3,228
Securities available for sale purchased, not settled	$ 5,000	$ 0

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2024
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, 2023. Operating results for the three and nine months ended September 30, 2024 are not necessarily indicative of the results that may be expected for the year ending December 31, 2024. Reportable 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 three reportable segments consisting of Banking, Factoring, and Payments. 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. For further discussion of management's operating segments and allocation methodology, see Note 15 – 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". The Company adopted ASU 2022-02 effective January 1, 2023 on a prospective basis. Adoption of ASU 2022-02 did not have a material impact on the Company's consolidated financial statements. Newly Issued, But Not Yet Effective Accounting Standards In December 2023, the FASB issued Accounting Standards Update ("ASU") 2023-07, "Segment Reporting (Topic 280), Improvements to Reportable Segment Disclosures" ("ASU 2023-07"). ASU 2023-07 Requires public entities to disclose significant segment expenses, an amount and description for other segment items, the title and position of the entity’s chief operating decision maker ("CODM") and an explanation of how the CODM uses the reported measures of profit or loss to assess segment performance, and, on an interim basis, certain segment related disclosures that previously were required only on an annual basis. ASU 2023-07 also clarifies that entities with a single reportable segment are subject to both new and existing segment reporting requirements and that an entity is permitted to disclose multiple measures of segment profit or loss, provided that certain criteria are met. ASU 2023-07 is effective for the Company for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. The Company will update its segment related disclosures upon adoption. In December 2023, the FASB issued Accounting Standards Update 2023-09, “Income Taxes (Topic 740), Improvements to Income Tax Disclosures" ("ASU 2023-09"). ASU 2023-09 requires public entities to disclose in their rate reconciliation table additional categories of information about federal, state and foreign income taxes and to provide more details about the reconciling items in some categories if items meet a quantitative threshold. ASU 2023-09 also requires all entities to disclose income taxes paid, net of refunds, disaggregated by federal, state and foreign taxes for annual periods and to disaggregate the information by jurisdiction based on a quantitative threshold, among other things. ASU 2023-09 is effective for the Company for fiscal years beginning after December 15, 2024 with early adoption permitted. The Company will update its income tax disclosures upon adoption.

SECURITIES

SECURITIES	9 Months Ended
	Sep. 30, 2024
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 $4,583,000 and $4,488,000 at September 30, 2024 and December 31, 2023, 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) 2024 2023 2024 2023 Unrealized gains (losses) on equity securities held at the reporting date $ 161 $ (137) $ 95 $ (137) Realized gains (losses) on equity securities sold during the period — — — 18 $ 161 $ (137) $ 95 $ (119) 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, 2024 December 31, 2023 Equity Securities without readily determinable fair value, at cost $ 61,602 $ 65,814 Upward adjustments based on observable price changes, cumulative 10,163 10,163 Equity Securities without readily determinable fair value, carrying value $ 71,765 $ 75,977 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., with carrying amounts of $9,700,000 and $38,088,000, respectively, at September 30, 2024. Both investments have been allocated to our Payments segment and 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) 2024 2023 2024 2023 Unrealized gains (losses) on equity securities still held at the reporting date $ — $ — $ — $ — Realized gains (losses) on equity securities sold during the period — — 534 — $ — $ — $ 534 $ — Management monitors its equity securities without readily determinable fair values for observable transactions in similar equity instruments as well as indicators of impairment either of which would require it to mark such equity securities to fair value. No such transactions or indicators of impairment were detected during the three and nine months ended September 30, 2024. 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, 2024 Available for sale securities: Mortgage-backed securities, residential $ 78,585 $ 364 $ (3,800) $ — $ 75,149 Asset-backed securities 926 — (2) — 924 State and municipal 3,487 1 (45) — 3,443 CLO securities 320,948 1,209 (69) — 322,088 Corporate bonds 267 8 — — 275 SBA pooled securities 1,364 6 (63) — 1,307 Total available for sale securities $ 405,577 $ 1,588 $ (3,979) $ — $ 403,186 (Dollars in thousands) Amortized Gross Gross Fair September 30, 2024 Held to maturity securities: CLO securities $ 5,504 $ — $ (3,001) $ 2,503 Allowance for credit losses (3,383) Total held to maturity securities, net of ACL $ 2,121 (Dollars in thousands) Amortized Gross Gross Allowance for Credit Losses Fair December 31, 2023 Available for sale securities: Mortgage-backed securities, residential $ 60,411 $ 221 $ (4,793) $ — $ 55,839 Asset-backed securities 1,188 — (18) — 1,170 State and municipal 4,560 1 (46) — 4,515 CLO Securities 235,484 1,137 (330) — 236,291 Corporate bonds 268 7 — — 275 SBA pooled securities 1,642 3 (91) — 1,554 Total available for sale securities $ 303,553 $ 1,369 $ (5,278) $ — $ 299,644 (Dollars in thousands) Amortized Gross Gross Fair December 31, 2023 Held to maturity securities: CLO securities $ 6,167 $ 30 $ (2,182) $ 4,015 Allowance for credit losses (3,190) Total held to maturity securities, net of ACL $ 2,977 The amortized cost and estimated fair value of securities at September 30, 2024, 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 $ 572 $ 573 $ — $ — Due from one year to five years 2,152 2,130 5,504 2,503 Due from five years to ten years 49,051 49,164 — — Due after ten years 272,927 273,939 — — 324,702 325,806 5,504 2,503 Mortgage-backed securities, residential 78,585 75,149 — — Asset-backed securities 926 924 — — SBA pooled securities 1,364 1,307 — — $ 405,577 $ 403,186 $ 5,504 $ 2,503 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) 2024 2023 2024 2023 Proceeds $ — $ 10,005 $ — $ 14,005 Gross gains — 5 — 5 Gross losses — — — — Net gains and losses from calls of securities — — — — Debt securities with a carrying amount of approximately $24,681,000 and $42,445,000 at September 30, 2024 and December 31, 2023, 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 $5,515,000 and $3,789,000 at September 30, 2024 and December 31, 2023, respectively, and was included in other assets 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, 2024 Available for sale securities: Mortgage-backed securities, residential $ 11,293 $ (74) $ 27,469 $ (3,726) $ 38,762 $ (3,800) Asset-backed securities — — 924 (2) 924 (2) State and municipal 513 — 2,031 (45) 2,544 (45) CLO securities 46,494 (69) — — 46,494 (69) Corporate bonds — — — — — — SBA pooled securities — — 991 (63) 991 (63) $ 58,300 $ (143) $ 31,415 $ (3,836) $ 89,715 $ (3,979) Less than 12 Months 12 Months or More Total (Dollars in thousands) Fair Unrealized Fair Unrealized Fair Unrealized December 31, 2023 Available for sale securities: Mortgage-backed securities, residential $ 13,157 $ (312) $ 32,885 $ (4,481) $ 46,042 $ (4,793) Asset-backed securities 1,170 (18) — — 1,170 (18) State and municipal 975 (13) 2,424 (33) 3,399 (46) CLO Securities 2,576 (13) 42,735 (317) 45,311 (330) Corporate bonds — — — — — — SBA pooled securities 216 (9) 1,059 (82) 1,275 (91) $ 18,094 $ (365) $ 79,103 $ (4,913) $ 97,197 $ (5,278) 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, 2024, the Company had 84 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, 2024, 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, 2024. 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 2024 2023 2024 2023 Allowance for credit losses: Beginning balance $ 3,162 $ 2,876 $ 3,190 $ 2,444 Credit loss expense 221 14 193 446 Allowance for credit losses ending balance $ 3,383 $ 2,890 $ 3,383 $ 2,890 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, 2024 and December 31, 2023, 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, 2024, $4,187,000 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, 2024
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, 2024 December 31, 2023 1-4 family residential $ 996 $ 1,230 Commercial (970) 6 Total loans held for sale $ 26 $ 1,236 Loans Held for Investment Loans The following table presents the amortized cost and unpaid principal balance of loans held for investment: September 30, 2024 December 31, 2023 (Dollars in thousands) Amortized Unpaid Difference Amortized Unpaid Difference Commercial real estate $ 762,343 $ 762,639 $ (296) $ 812,704 $ 813,623 $ (919) Construction, land development, land 217,148 217,729 (581) 136,720 137,209 (489) 1-4 family residential 126,103 126,284 (181) 125,916 126,096 (180) Farmland 57,621 57,708 (87) 63,568 63,728 (160) Commercial 1,093,477 1,095,179 (1,702) 1,170,365 1,176,243 (5,878) Factored receivables 1,201,495 1,205,881 (4,386) 1,116,654 1,119,544 (2,890) Consumer 6,990 6,992 (2) 8,326 8,328 (2) Mortgage warehouse 867,790 867,790 — 728,847 728,847 — Total loans held for investment 4,332,967 $ 4,340,202 $ (7,235) 4,163,100 $ 4,173,618 $ (10,518) Allowance for credit losses (41,243) (35,219) $ 4,291,724 $ 4,127,881 The difference between the amortized cost and the unpaid principal is due to (1) premiums and discounts associated with acquired loans totaling $3,404,000 and $6,861,000 at September 30, 2024 and December 31, 2023, respectively, and (2) net deferred origination and factoring fees totaling $3,831,000 and $3,657,000 at September 30, 2024 and December 31, 2023, respectively. Accrued interest on loans, which is excluded from the amortized cost of loans held for investment, totaled $35,076,000 and $30,686,000 at September 30, 2024 and December 31, 2023, respectively, and was included in other assets on the Company's consolidated balance sheets. At September 30, 2024 and December 31, 2023, the Company had $226,986,000 and $253,492,000, 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, 2024 and December 31, 2023 the balance of the Over-Formula Advance Portfolio, acquired from Transport Financial Solutions during 2020, included in factored receivables was $1,860,000 and $3,151,000, respectively. These balances were fully reserved as of those respective dates. At September 30, 2024 the Company carried a separate receivable (the "Misdirected Payments") payable by the United States Postal Service (“USPS”) arising from accounts factored to the largest Over-Formula Advance Portfolio carrier. The balance of such Misdirected Payments, net of customer reserves, was $19,361,000 at September 30, 2024. 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, 2024. Loans with carrying amounts of $1,435,460,000 and $1,588,532,000 at September 30, 2024 and December 31, 2023, respectively, were pledged to secure Federal Home Loan Bank borrowing capacity 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, 2024 Commercial real estate $ 5,438 $ (206) $ (831) $ — $ 4,401 Construction, land development, land 2,596 333 — — 2,929 1-4 family residential 972 15 (18) 1 970 Farmland 395 (1) — — 394 Commercial 17,372 4,489 (1,913) 18 19,966 Factored receivables 11,928 323 (951) 270 11,570 Consumer 156 88 (114) 16 146 Mortgage warehouse 734 133 — — 867 $ 39,591 $ 5,174 $ (3,827) $ 305 $ 41,243 (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 Nine Months Ended September 30, 2024 Commercial real estate $ 6,030 $ (798) $ (831) $ — $ 4,401 Construction, land development, land 965 1,963 — 1 2,929 1-4 family residential 927 71 (32) 4 970 Farmland 442 (48) — — 394 Commercial 14,060 9,558 (3,734) 82 19,966 Factored receivables 11,896 3,045 (4,283) 912 11,570 Consumer 171 221 (308) 62 146 Mortgage warehouse 728 139 — — 867 $ 35,219 $ 14,151 $ (9,188) $ 1,061 $ 41,243 (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 The increase in required ACL during the three months ended September 30, 2024 is a function of net charge-offs of $3,522,000 and credit loss expense of $5,174,000. The increase in required ACL during the nine months ended September 30, 2024 is a function of net charge-offs of $8,127,000 and credit loss expense of $14,151,000. 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, 2024, 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, 2024 as compared to December 31, 2023, the Company forecasted minimal change in national unemployment and one-year percentage change in national gross domestic product while forecasting improvement in one-year percentage change in the national home price index and some degradation in on-year percentage change in national retail sales. At September 30, 2024 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 an 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 with the exception of positive growth in the first projected quarter. At September 30, 2024, the Company used its historical prepayment speeds with minimal adjustment. 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, 2024, changes in projected loss drivers and prepayment assumptions over the reasonable and supportable forecast period increased the required ACL by $531,000. Changes in loan volume and mix decreased the required ACL by $1,068,000. Changes in required specific reserves increased the ACL by $2,189,000. Net charge-offs during the period were $3,522,000. 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 nine months ended September 30, 2024, changes in projected loss drivers and prepayment assumptions over the reasonable and supportable forecast period increased the required ACL by $2,539,000. Changes in loan volume and mix had an insignificant impact on the ACL. Increases in required specific reserves increased the required ACL by $3,543,000. Net charge-offs during the period were $8,127,000. 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. 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, 2024 Commercial real estate $ 7,110 $ — $ — $ 4,303 $ 11,413 $ 28 Construction, land development, land — — — — — — 1-4 family residential 959 — — — 959 66 Farmland 1,976 — 77 53 2,106 — Commercial 2,196 — 53,174 21,277 76,647 8,451 Factored receivables — 37,748 — — 37,748 5,928 Consumer — — — 132 132 — Mortgage warehouse — — — — — — Total $ 12,241 $ 37,748 $ 53,251 $ 25,765 $ 129,005 $ 14,473 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, 2024 the balance of the Over-Formula Advance Portfolio included in factored receivables was $1,860,000 and was fully reserved. At September 30, 2024 the balance of factoring Misdirected Payments, net of customer reserves, was $19,361,000 and carried no ACL allocation. (Dollars in thousands) Real Estate Accounts Equipment Other Total ACL December 31, 2023 Commercial real estate $ 2,518 $ — $ — $ — $ 2,518 $ 777 Construction, land development, land — — — — — — 1-4 family residential 1,156 — — 22 1,178 113 Farmland 291 — — 677 968 — Commercial 920 — 18,259 21,772 40,951 3,322 Factored receivables — 39,577 — — 39,577 6,717 Consumer — — — 133 133 — Mortgage warehouse — — — — — — Total $ 4,885 $ 39,577 $ 18,259 $ 22,604 $ 85,325 $ 10,929 At December 31, 2023 the balance of the Over-Formula Advance Portfolio included in factored receivables was $3,151,000 and carried an ACL allocation of $3,151,000. At December 31, 2023 the balance of factoring Misdirected Payments, net of customer reserves, 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, 2024 Commercial real estate $ 5,163 $ — $ 7,672 $ 12,835 $ 749,508 $ 762,343 $ — Construction, land development, land — — — — 217,148 217,148 — 1-4 family residential 2,054 577 404 3,035 123,068 126,103 — Farmland — — 148 148 57,473 57,621 — Commercial 20,828 11,651 17,715 50,194 1,043,283 1,093,477 — Factored receivables 18,599 4,275 24,595 47,469 1,154,026 1,201,495 24,595 Consumer 9 15 — 24 6,966 6,990 — Mortgage warehouse — — — — 867,790 867,790 — Total $ 46,653 $ 16,518 $ 50,534 $ 113,705 $ 4,219,262 $ 4,332,967 $ 24,595 (Dollars in thousands) Past Due Past Due Past Due 90 Total Current Total Past Due 90 December 31, 2023 Commercial real estate $ — $ 74 $ 1,369 $ 1,443 $ 811,261 $ 812,704 $ — Construction, land development, land — — — — 136,720 136,720 — 1-4 family residential 680 639 309 1,628 124,288 125,916 — Farmland 173 — — 173 63,395 63,568 — Commercial 4,585 4,699 5,423 14,707 1,155,658 1,170,365 — Factored receivables 32,177 6,438 26,332 64,947 1,051,707 1,116,654 26,332 Consumer 44 96 31 171 8,155 8,326 — Mortgage warehouse — — — — 728,847 728,847 — Total $ 37,659 $ 11,946 $ 33,464 $ 83,069 $ 4,080,031 $ 4,163,100 $ 26,332 At September 30, 2024 and December 31, 2023, total past due Over-Formula Advances recorded in factored receivables was $1,860,000 and $3,151,000, respectively, all of which was considered past due 90 days or more. At September 30, 2024 and December 31, 2023, the entire balance of Misdirected Payments was considered past due 90 days or more. The balance of such Misdirected Payments, net of customer reserves, totaled $19,361,000 at September 30, 2024 and December 31, 2023. 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, 2024 December 31, 2023 (Dollars in thousands) Total Nonaccrual Nonaccrual Total Nonaccrual Nonaccrual Commercial real estate $ 11,413 $ 10,602 $ 2,447 $ 190 Construction, land development, land — — — — 1-4 family residential 959 872 1,178 1,028 Farmland 2,106 2,106 968 968 Commercial 74,190 55,533 40,951 33,188 Factored receivables 2,150 — — — Consumer 132 132 133 133 Mortgage warehouse — — — — $ 90,950 $ 69,245 $ 45,677 $ 35,507 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) 2024 2023 2024 2023 Commercial real estate $ — $ 1 $ — $ 17 Construction, land development, land — — 2 — 1-4 family residential 4 2 5 8 Farmland — 35 13 57 Commercial 6 47 194 55 Factored receivables — — — — Consumer — 1 — 2 Mortgage warehouse — — — — $ 10 $ 86 $ 214 $ 139 There was no interest earned on nonaccrual loans during the three and nine months ended September 30, 2024 and 2023. The following table presents information regarding nonperforming loans: (Dollars in thousands) September 30, 2024 December 31, 2023 Nonaccrual loans $ 90,950 $ 45,677 Factored receivables greater than 90 days past due 22,735 23,181 $ 113,685 $ 68,858 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. As of September 30, 2024 and December 31, 2023, 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, 2024 2024 2023 2022 2021 2020 Prior Commercial real estate Pass $ 143,030 $ 86,878 $ 76,786 $ 93,141 $ 101,123 $ 34,311 $ 86,718 $ 133 $ 622,120 Classified 4,352 117,331 — 811 667 17,062 — — 140,223 Total commercial real estate $ 147,382 $ 204,209 $ 76,786 $ 93,952 $ 101,790 $ 51,373 $ 86,718 $ 133 $ 762,343 YTD gross charge-offs $ — $ — $ 352 $ 425 $ 54 $ — $ — $ — $ 831 Construction, land development, land Pass $ 148,068 $ 60,003 $ 860 $ 969 $ 266 $ 2,577 $ 4,405 $ — $ 217,148 Classified — — — — — — — — — Total construction, land development, land $ 148,068 $ 60,003 $ 860 $ 969 $ 266 $ 2,577 $ 4,405 $ — $ 217,148 YTD gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — 1-4 family residential Pass $ 15,611 $ 20,237 $ 13,881 $ 17,425 $ 6,405 $ 19,487 $ 31,205 $ 314 $ 124,565 Classified — 629 103 85 — 420 301 — 1,538 Total 1-4 family residential $ 15,611 $ 20,866 $ 13,984 $ 17,510 $ 6,405 $ 19,907 $ 31,506 $ 314 $ 126,103 YTD gross charge-offs $ — $ — $ — $ — $ — $ 32 $ — $ — $ 32 Farmland Pass $ 13,584 $ 6,318 $ 8,782 $ 4,525 $ 7,226 $ 13,348 $ 1,644 $ 77 $ 55,504 Classified — 53 1,605 — 12 447 — — 2,117 Total farmland $ 13,584 $ 6,371 $ 10,387 $ 4,525 $ 7,238 $ 13,795 $ 1,644 $ 77 $ 57,621 YTD gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial Pass $ 254,630 $ 146,165 $ 112,343 $ 33,008 $ 14,486 $ 9,777 $ 418,473 $ 309 $ 989,191 Classified 5,692 47,635 23,338 6,532 6,613 19 14,457 — 104,286 Total commercial $ 260,322 $ 193,800 $ 135,681 $ 39,540 $ 21,099 $ 9,796 $ 432,930 $ 309 $ 1,093,477 YTD gross charge-offs $ 583 $ 1,368 $ 639 $ 341 $ 650 $ 153 $ — $ — $ 3,734 Factored receivables Pass $ 1,160,619 $ — $ — $ — $ 1,860 $ — $ — $ — $ 1,162,479 Classified 19,655 — — — 19,361 — — — 39,016 Total factored receivables $ 1,180,274 $ — $ — $ — $ 21,221 $ — $ — $ — $ 1,201,495 YTD gross charge-offs $ 2,725 $ 1,558 $ — $ — $ — $ — $ — $ — $ 4,283 Consumer Pass $ 2,617 $ 2,034 $ 768 $ 361 $ 222 $ 843 $ 13 $ — $ 6,858 Classified — — — 67 — 47 18 — 132 Total consumer $ 2,617 $ 2,034 $ 768 $ 428 $ 222 $ 890 $ 31 $ — $ 6,990 YTD gross charge-offs $ — $ 289 $ 18 $ — $ — $ 1 $ — $ — $ 308 Mortgage warehouse Pass $ 867,790 $ — $ — $ — $ — $ — $ — $ — $ 867,790 Classified — — — — — — — — — Total mortgage warehouse $ 867,790 $ — $ — $ — $ — $ — $ — $ — $ 867,790 YTD gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Total loans Pass $ 2,605,949 $ 321,635 $ 213,420 $ 149,429 $ 131,588 $ 80,343 $ 542,458 $ 833 $ 4,045,655 Classified 29,699 165,648 25,046 7,495 26,653 17,995 14,776 — 287,312 Total loans $ 2,635,648 $ 487,283 $ 238,466 $ 156,924 $ 158,241 $ 98,338 $ 557,234 $ 833 $ 4,332,967 YTD gross charge-offs $ 3,308 $ 3,215 $ 1,009 $ 766 $ 704 $ 186 $ — $ — $ 9,188 Revolving Revolving Total (Dollars in thousands) Year of Origination December 31, 2023 2023 2022 2021 2020 2019 Prior Commercial real estate Pass $ 244,388 $ 119,169 $ 98,484 $ 116,078 $ 16,351 $ 34,724 $ 88,547 $ 159 $ 717,900 Classified 91,456 665 1,630 1,016 37 — — — 94,804 Total commercial real estate $ 335,844 $ 119,834 $ 100,114 $ 117,094 $ 16,388 $ 34,724 $ 88,547 $ 159 $ 812,704 YTD gross charge-offs $ 108 $ — $ — $ — $ — $ — $ — $ — $ 108 Construction, land development, land Pass $ 91,557 $ 34,683 $ 1,668 $ 2,996 $ 2,928 $ 276 $ 2,612 $ — $ 136,720 Classified — — — — — — — — — Total construction, land development, land $ 91,557 $ 34,683 $ 1,668 $ 2,996 $ 2,928 $ 276 $ 2,612 $ — $ 136,720 YTD gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — 1-4 family residential Pass $ 22,637 $ 16,336 $ 19,542 $ 7,229 $ 2,462 $ 20,950 $ 35,373 $ 174 $ 124,703 Classified 296 1 99 — 40 590 187 — 1,213 Total 1-4 family residential $ 22,933 $ 16,337 $ 19,641 $ 7,229 $ 2,502 $ 21,540 $ 35,560 $ 174 $ 125,916 YTD gross charge-offs $ 5 $ — $ — $ — $ — $ — $ — $ — $ 5 Farmland Pass $ 13,140 $ 13,628 $ 5,586 $ 7,876 $ 2,296 $ 18,542 $ 1,359 $ 155 $ 62,582 Classified 677 — — 18 86 205 — — 986 Total farmland $ 13,817 $ 13,628 $ 5,586 $ 7,894 $ 2,382 $ 18,747 $ 1,359 $ 155 $ 63,568 YTD gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial Pass $ 269,496 $ 196,731 $ 79,125 $ 61,440 $ 24,583 $ 10,476 $ 472,269 $ 370 $ 1,114,490 Classified 27,547 19,441 5,462 3,291 24 80 30 — 55,875 Total commercial $ 297,043 $ 216,172 $ 84,587 $ 64,731 $ 24,607 $ 10,556 $ 472,299 $ 370 $ 1,170,365 YTD gross charge-offs $ 100 $ 4,619 $ 4,493 $ 499 $ 44 $ 49 $ — $ — $ 9,804 Factored receivables Pass $ 1,075,428 $ — $ — $ 3,151 $ — $ — $ — $ — $ 1,078,579 Classified 18,714 — — 19,361 — — — — 38,075 Total factored receivables $ 1,094,142 $ — $ — $ 22,512 $ — $ — $ — $ — $ 1,116,654 YTD gross charge-offs $ 5,374 $ 2,293 $ — $ 3,330 $ — $ — $ — $ — $ 10,997 Consumer Pass $ 4,141 $ 1,442 $ 593 $ 406 $ 83 $ 1,488 $ 40 $ — $ 8,193 Classified 19 — 83 1 — 30 — — 133 Total consumer $ 4,160 $ 1,442 $ 676 $ 407 $ 83 $ 1,518 $ 40 $ — $ 8,326 YTD gross charge-offs $ 519 $ 25 $ 12 $ 3 $ — $ 4 $ — $ — $ 563 Mortgage warehouse Pass $ 728,847 $ — $ — $ — $ — $ — $ — $ — $ 728,847 Classified — — — — — — — — — Total mortgage warehouse $ 728,847 $ — $ — $ — $ — $ — $ — $ — $ 728,847 YTD gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Total loans Pass $ 2,449,634 $ 381,989 $ 204,998 $ 199,176 $ 48,703 $ 86,456 $ 600,200 $ 858 $ 3,972,014 Classified 138,709 20,107 7,274 23,687 187 905 217 — 191,086 Total loans $ 2,588,343 $ 402,096 $ 212,272 $ 222,863 $ 48,890 $ 87,361 $ 600,417 $ 858 $ 4,163,100 YTD gross charge-offs $ 6,106 $ 6,937 $ 4,505 $ 3,832 $ 44 $ 53 $ — $ — $ 21,477 Loan Modifications to Borrowers Experiencing Financial Difficulty In an effort to mitigate potential losses on loans, the Company will endeavor to work with borrowers experiencing financial difficulty to modify the terms of such loans to improve the likelihood of principal repayment. Such modifications generally fall into four broad categories; principal forgiveness, interest rate reduction, other-than-insignificant payment delay, or a term extension. Modifications can reflect one or multiple modification categories. For all loan types, including commercial real estate loans, the Company considers the likelihood of repayment by the borrower experiencing financial difficulty under the potential agreed upon modified terms. If such repayment is not deemed likely, the Company will not grant the troubled borrower a modification and will commence ultimate collection proceedings. On an ongoing basis, the Company monitors the performance of modified loans related to their restructured terms. The following tables present the amortized cost basis of loan modifications to borrowers experiencing financial difficulty made during the reporting period: Term Extension Three Months Ended Nine Months Ended (Dollars in thousands) Amortized Cost % of Portfolio Amortized Cost % of Portfolio September 30, 2024 Commercial real estate $ 194 — % $ 194 — % Commercial 17 — % 17 — % Consumer — — % 18 0.3 % $ 211 — % $ 229 — % September 30, 2023 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 Nine Months Ended (Dollars in thousands) Amortized Cost % of Portfolio Amortized Cost % of Portfolio September 30, 2024 Commercial real estate $ — — % $ 141 — % $ — — % $ 141 — % September 30, 2023 Commercial real estate $ 83,344 10.2 % $ 83,344 10.2 % Commercial 549 — % 549 — % $ 83,893 1.9 % $ 83,893 1.9 % Term Extension and Principal Forgiveness Three Months Ended Nine Months Ended (Dollars in thousands) Amortized Cost % of Portfolio Amortized Cost % of Portfolio September 30, 2024 Commercial $ — — % $ 4,128 0.4 % $ — — % $ 4,128 0.1 % Term Extension and Payment Delay Three Months Ended Nine Months Ended (Dollars in thousands) Amortized Cost % of Portfolio Amortized Cost % of Portfolio September 30, 2024 Commercial $ 513 — % $ 513 — % $ 513 — % $ 513 — % The following tables describe the financial effect of the modifications made to borrowers experiencing financial difficulty: Term Extension Three Months Ended Nine Months Ended September 30, 2024 Commercial real estate Modification added a weighted average 0.3 years to the life of the modified loans. Modification added a weighted average 0.8 years to the life of the modified loans. Commercial Modification added a weighted average 1.0 years to the life of the modified loans. Modification added a weighted average 1.0 years to the life of the modified loans. Consumer N/A Modification added a weighted average 6.1 years to the life of the modified loans. 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 Nine Months Ended September 30, 2024 Commercial real estate N/A Modification added a weighted average 1.0 years to the life of the modified loans and reduced the weighted average contractual interest rate from 12.5% to 10.0%. 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%. Term Extension and Principal Forgiveness Three Months Ended Nine Months Ended September 30, 2024 Commercial N/A Modification added a weighted average 1.8 years to the life of the modified loans and resulted in principal forgiveness totaling 507,000. Term Extension and Payment Delay Three Months Ended Nine Months Ended September 30, 2024 Commercial Modification added a weighted average 0.7 years to the life of the modified loans and provided a weighted average payment delay of 0.7 years. Modification added a weighted average 0.7 years to the life of the modified loans and provided a weighted average payment delay of 0.7 years. 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, 2024 (Dollars in thousands) Current Past Due Past Due Total Commercial real estate $ 23,733 $ — $ — $ 23,733 1-4 family residential 98 — — 98 Commercial 20,073 1,422 1,909 23,404 Consumer 18 — — 18 $ 43,922 $ 1,422 $ 1,909 $ 47,253 At September 30, 2024, the Company had no 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 $1,909,000 of commercial loans to a borrower experiencing financial difficulty that had a payment default during the three and nine months ended September 30, 2024 and were modified in the form of a payment delay in the twelve months prior to that default. 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, 2024 and December 31, 2023, the Company had no 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, 2024
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, 2024 December 31, 2023 Goodwill $ 233,709 $ 233,709 September 30, 2024 December 31, 2023 (Dollars in thousands) Gross Carrying Accumulated Net Carrying Gross Carrying Accumulated Net Carrying Core deposit intangibles $ 43,578 $ (39,757) $ 3,821 $ 43,578 $ (38,084) $ 5,494 Customer relationship intangibles 29,954 (22,311) 7,643 29,954 (19,901) 10,053 Software intangible assets 16,932 (14,110) 2,822 16,932 (10,935) 5,997 Other intangible assets 5,650 (2,620) 3,030 3,498 (1,396) 2,102 $ 96,114 $ (78,798) $ 17,316 $ 93,962 $ (70,316) $ 23,646 The changes in goodwill and intangible assets during the three and nine months ended September 30, 2024 and 2023 are as follows: Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands) 2024 2023 2024 2023 Beginning balance $ 254,652 $ 262,958 $ 257,355 $ 265,767 Acquired intangible assets — — 2,920 3,042 Amortization of intangibles (3,600) (2,849) (9,193) (8,700) Amortization of intangibles included in lease income (27) — (57) — Ending balance $ 251,025 $ 260,109 $ 251,025 $ 260,109

VARIABLE INTEREST ENTITIES

VARIABLE INTEREST ENTITIES	9 Months Ended
	Sep. 30, 2024
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 $2,121,000 and $2,977,000 at September 30, 2024 and December 31, 2023, 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, 2024
Commitments and Contingencies Disclosure [Abstract]
LEGAL CONTINGENCIES	LEGAL CONTINGENCIES 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, 2024, 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, 2024
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, 2024 December 31, 2023 (Dollars in thousands) Fixed Rate Variable Rate Total Fixed Rate Variable Rate Total Unused lines of credit $ 76,729 $ 289,897 $ 366,626 $ 53,822 $ 527,300 $ 581,122 Standby letters of credit $ 17,258 $ 6,910 $ 24,168 $ 15,013 $ 9,356 $ 24,369 Commitments to purchase loans $ — $ 10,272 $ 10,272 $ — $ 17,125 $ 17,125 Mortgage warehouse commitments $ — $ 791,828 $ 791,828 $ — $ 895,896 $ 895,896 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, 2024 and December 31, 2023, the allowance for credit losses on off-balance sheet credit exposures totaled $2,808,000 and $2,838,000, 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) 2024 2023 2024 2023 Credit loss expense (benefit) $ (1,132) $ (253) $ (30) $ (596)

FAIR VALUE DISCLOSURES

FAIR VALUE DISCLOSURES	9 Months Ended
	Sep. 30, 2024
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 16 of the Company’s 2023 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, 2024 Level 1 Level 2 Level 3 Assets measured at fair value on a recurring basis Securities available for sale Mortgage-backed securities, residential $ — $ 75,149 $ — $ 75,149 Asset-backed securities — 924 — 924 State and municipal — 3,443 — 3,443 CLO securities — 322,088 — 322,088 Corporate bonds — 275 — 275 SBA pooled securities — 1,307 — 1,307 $ — $ 403,186 $ — $ 403,186 Equity securities with readily determinable fair values Mutual fund $ 4,583 $ — $ — $ 4,583 Loans held for sale $ — $ 26 $ — $ 26 Indemnification asset $ — $ — $ 883 $ 883 Revenue share asset $ — $ — $ 2,904 $ 2,904 (Dollars in thousands) Fair Value Measurements Using Total December 31, 2023 Level 1 Level 2 Level 3 Assets measured at fair value on a recurring basis Securities available for sale Mortgage-backed securities, residential $ — $ 55,839 $ — $ 55,839 Asset-backed securities — 1,170 — 1,170 State and municipal — 4,515 — 4,515 CLO Securities — 236,291 — 236,291 Corporate bonds — 275 — 275 SBA pooled securities — 1,554 — 1,554 $ — $ 299,644 $ — $ 299,644 Equity securities with readily determinable fair values Mutual fund $ 4,488 $ — $ — $ 4,488 Loans held for sale $ — $ 1,236 $ — $ 1,236 Indemnification asset $ — $ — $ 1,497 $ 1,497 Revenue share asset $ — $ — $ 2,516 $ 2,516 There were no transfers between levels during 2024 or 2023. 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, 2024 and December 31, 2023, the estimated cash payments expected to be received from Covenant for probable losses on the covered Over-Formula Advance Portfolio were approximately $930,000 and $1,575,000, 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) 2024 2023 2024 2023 Beginning balance $ 1,088 $ 1,905 $ 1,497 $ 3,896 Indemnification asset recognized in business combination — — — — Change in fair value of indemnification asset recognized in earnings (205) (204) (614) (530) Indemnification reduction — — — (1,665) Ending balance $ 883 $ 1,701 $ 883 $ 1,701 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, 2024 and December 31, 2023, the estimated cash payments expected to be received from the purchaser for the Company's share of future gross monthly revenue as $3,961,000 and $3,329,000, 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) 2024 2023 2024 2023 Beginning balance $ 2,789 $ 3,053 $ 2,516 $ 5,515 Revenue share asset recognized — — — — Change in fair value of revenue share asset recognized in earnings 416 (78) 1,295 (1,867) Revenue share payments received (301) (279) (907) (952) Ending balance $ 2,904 $ 2,696 $ 2,904 $ 2,696 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, 2024 and December 31, 2023. (Dollars in thousands) Fair Value Measurements Using Total September 30, 2024 Level 1 Level 2 Level 3 Collateral dependent loans Commercial real estate $ — $ — $ 783 $ 783 1-4 family residential — — 21 21 Commercial — — 27,869 27,869 Factored receivables — — 31,855 31,855 $ — $ — $ 60,528 $ 60,528 (Dollars in thousands) Fair Value Measurements Using Total December 31, 2023 Level 1 Level 2 Level 3 Collateral dependent loans Commercial real estate $ — $ — $ 1,480 $ 1,480 1-4 family residential — — 37 37 Commercial — — 20,870 20,870 Factored receivables — — 32,860 32,860 $ — $ — $ 55,247 $ 55,247 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, 2024 and December 31, 2023 were as follows: (Dollars in thousands) Carrying Fair Value Measurements Using Total September 30, 2024 Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 489,280 $ 489,280 $ — $ — $ 489,280 Securities - held to maturity 2,121 — — 2,503 2,503 Loans not previously presented, gross 4,272,439 60,618 — 4,166,626 4,227,244 FHLB and other restricted stock 7,112 N/A N/A N/A N/A Accrued interest receivable 41,591 41,591 — — 41,591 Financial liabilities: Deposits 4,706,694 — 4,703,215 — 4,703,215 Federal Home Loan Bank advances 30,000 — 30,000 — 30,000 Subordinated notes 109,072 — 95,793 — 95,793 Junior subordinated debentures 42,196 — 43,443 — 43,443 Accrued interest payable 7,943 7,943 — — 7,943 (Dollars in thousands) Carrying Fair Value Measurements Using Total December 31, 2023 Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 286,635 $ 286,635 $ — $ — $ 286,635 Securities - held to maturity 2,977 — — 4,015 4,015 Loans not previously presented, gross 4,107,853 105,145 — 3,944,193 4,049,338 FHLB and other restricted stock 14,278 N/A N/A N/A N/A Accrued interest receivable 34,597 34,597 — — 34,597 Financial liabilities: Deposits 3,977,478 — 3,971,391 — 3,971,391 Federal Home Loan Bank advances 255,000 — 255,000 — 255,000 Subordinated notes 108,678 — 90,084 — 90,084 Junior subordinated debentures 41,740 — 43,072 — 43,072 Accrued interest payable 7,429 7,429 — — 7,429

REGULATORY MATTERS

REGULATORY MATTERS	9 Months Ended
	Sep. 30, 2024
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, 2024 and December 31, 2023, the Company and TBK Bank meet all capital adequacy requirements to which they are subject. As of September 30, 2024 and December 31, 2023, 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, 2024 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, 2024 Amount Ratio Amount Ratio Amount Ratio Total capital (to risk weighted assets) Triumph Financial, Inc. $ 842,621 16.6% $ 405,546 8.0% N/A N/A TBK Bank, SSB $ 802,272 15.9% $ 403,326 8.0% $ 504,158 10.0% Tier 1 capital (to risk weighted assets) Triumph Financial, Inc. $ 688,077 13.6% $ 304,160 6.0% N/A N/A TBK Bank, SSB $ 760,029 15.1% $ 302,495 6.0% $ 403,326 8.0% Common equity Tier 1 capital (to risk weighted assets) Triumph Financial, Inc. $ 600,881 11.9% $ 228,120 4.5% N/A N/A TBK Bank, SSB $ 760,029 15.1% $ 226,871 4.5% $ 327,703 6.5% Tier 1 capital (to average assets) Triumph Financial, Inc. $ 688,077 12.2% $ 225,354 4.0% N/A N/A TBK Bank, SSB $ 760,029 13.5% $ 225,191 4.0% $ 281,489 5.0% As of December 31, 2023 Total capital (to risk weighted assets) Triumph Financial, Inc. $ 806,667 16.7% $ 385,370 8.0% N/A N/A TBK Bank, SSB $ 758,656 15.9% $ 382,508 8.0% $ 478,135 10.0% Tier 1 capital (to risk weighted assets) Triumph Financial, Inc. $ 661,833 13.7% $ 289,027 6.0% N/A N/A TBK Bank, SSB $ 725,383 15.2% $ 286,881 6.0% $ 382,508 8.0% Common equity Tier 1 capital (to risk weighted assets) Triumph Financial, Inc. $ 575,093 11.9% $ 216,770 4.5% N/A N/A TBK Bank, SSB $ 725,383 15.2% $ 215,161 4.5% $ 310,787 6.5% Tier 1 capital (to average assets) Triumph Financial, Inc. $ 661,833 12.6% $ 209,518 4.0% N/A N/A TBK Bank, SSB $ 725,383 13.9% $ 209,406 4.0% $ 261,758 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, 2024 and December 31, 2023. 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, 2024 and December 31, 2023, 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, 2024
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, 2024 December 31, 2023 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, 2024 December 31, 2023 Shares authorized 50,000,000 50,000,000 Shares issued 29,117,265 28,986,255 Treasury shares (5,729,743) (5,683,841) Shares outstanding 23,387,522 23,302,414 Par value per share $ 0.01 $ 0.01 Stock Repurchase Programs 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.

STOCK BASED COMPENSATION

STOCK BASED COMPENSATION	9 Months Ended
	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
STOCK BASED COMPENSATION	STOCK BASED COMPENSATION Stock based compensation expense that has been charged against income was $4,026,000 and $3,714,000 for the three months ended September 30, 2024 and 2023, respectively, and $11,092,000 and $9,915,000 for the nine months ended September 30, 2024 and 2023, 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, 2024 were as follows: Nonvested RSAs Shares Weighted-Average Nonvested at January 1, 2024 122,931 77.14 Granted — — Vested (73,726) 68.57 Forfeited (278) 54.52 Nonvested at September 30, 2024 48,927 90.18 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, 2024, there was $595,000 of unrecognized compensation cost related to the nonvested RSAs. The cost is expected to be recognized over a remaining period of 0.67 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, 2024 were as follows: Nonvested RSUs Shares Weighted-Average Nonvested at January 1, 2024 230,034 63.30 Granted 75,571 72.70 Vested (69,623) 65.26 Forfeited (6,089) 56.89 Nonvested at September 30, 2024 229,893 65.97 RSUs granted to employees under the Omnibus Incentive Plan typically vest over four years. Compensation expense for the RSUs will be recognized over the vesting period of the awards based on the fair value of the stock at the issue date. As of September 30, 2024, there was $7,599,000 of unrecognized compensation cost related to the nonvested RSUs. The cost is expected to be recognized over a remaining period of 2.78 years. Market Based Performance Stock Units A summary of changes in the Company’s nonvested Market Based Performance Stock Units (“Market Based PSUs”) under the Omnibus Incentive Plan for the nine months ended September 30, 2024 were as follows: Nonvested Market Based PSUs Shares Weighted-Average Nonvested at January 1, 2024 116,080 $ 81.74 Granted 63,720 114.72 Performance adjustment (2,841) — Vested (8,987) 98.03 Forfeited (192) 98.03 Nonvested at September 30, 2024 167,780 $ 93.10 Market Based PSUs granted to employees under the Omnibus Incentive Plan vest after three years. The number of shares issued upon vesting will range from 0% to 175% of the Market Based PSUs granted based on the Company’s relative total shareholder return (“TSR”) as compared to the TSR of specified groups of peer banks and financial technology companies, and with respect to the Company's 2023 and 2024 awards may include an additional multiplier of up to 200% of the otherwise earned award based on the Company's absolute TSR. Compensation expense for the Market Based PSUs will be recognized over the vesting period of the awards based on the fair value of the award at the grant date. The fair value of Market Based PSUs granted is estimated using a Monte Carlo simulation. Expected volatilities were determined based on the historical volatilities of the Company and the specified peer group. The risk-free interest rate for the performance period was derived from the Treasury constant maturities yield curve on the valuation dates. The fair value of the Market Based PSUs granted was determined using the following weighted-average assumptions: Nine Months Ended September 30, 2024 2023 Grant date May 1, 2023 May 1, 2023 Performance period 3.00 years 3.00 years Stock price $ 72.00 $ 51.25 Triumph Financial stock price volatility 42.31 % 49.33 % Risk-free rate 4.67 % 3.76 % As of September 30, 2024, there was $6,898,000 of unrecognized compensation cost related to the nonvested Market Based PSUs. The cost is expected to be recognized over a remaining period of 2.20 years. 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, 2024 were as follows: Stock Options Shares Weighted-Average Weighted-Average Aggregate Outstanding at January 1, 2024 232,994 $ 43.40 Granted 47,376 72.00 Exercised (15,751) 26.97 Forfeited or expired — — Outstanding at September 30, 2024 264,619 $ 49.50 6.27 $ 8,104 Fully vested shares and shares expected to vest at September 30, 2024 264,619 $ 49.50 6.27 $ 8,104 Shares exercisable at September 30, 2024 155,648 $ 39.12 4.50 $ 6,408 Information related to the stock options for the nine months ended September 30, 2024 and 2023 was as follows: Nine Months Ended September 30, (Dollars in thousands, except per share amounts) 2024 2023 Aggregate intrinsic value of options exercised $ 895 $ 140 Cash received from option exercises, net 425 (52) Tax benefit realized from option exercises 188 29 Weighted average fair value per share of options granted $ 37.30 $ 25.20 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, 2024 2023 Risk-free interest rate 4.52 % 3.38 % Expected term 6.25 years 6.25 years Expected stock price volatility 46.50 % 45.65 % Dividend yield — — As of September 30, 2024, there was $1,948,000 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 3.06 years. Employee Stock Purchase Plan

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Sep. 30, 2024
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) 2024 2023 2024 2023 Basic Net income to common stockholders $ 4,546 $ 11,993 $ 9,848 $ 29,050 Weighted average common shares outstanding 23,330,635 23,162,614 23,268,887 23,220,331 Basic earnings per common share $ 0.19 $ 0.52 $ 0.42 $ 1.25 Diluted Net income to common stockholders $ 4,546 $ 11,993 $ 9,848 $ 29,050 Weighted average common shares outstanding 23,330,635 23,162,614 23,268,887 23,220,331 Dilutive effects of: Assumed exercises of stock options 95,472 82,909 89,349 77,286 Restricted stock awards 40,259 80,841 67,805 101,842 Restricted stock units 130,331 84,137 129,047 86,844 Performance stock units - market based 128,157 47,248 117,101 85,218 Employee stock purchase program 470 1,165 1,774 908 Average shares and dilutive potential common shares 23,725,324 23,458,914 23,673,963 23,572,429 Diluted earnings per common share $ 0.19 $ 0.51 $ 0.42 $ 1.23 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, 2024 2023 2024 2023 Stock options 64,315 101,138 43,389 104,114 Restricted stock awards — — — — Restricted stock units 7,500 11,250 7,818 11,250 Performance stock units - market based — 14,424 24,798 14,424 Employee stock purchase program — — — —

REVENUE FROM CONTRACTS WITH CUS

REVENUE FROM CONTRACTS WITH CUSTOMERS	9 Months Ended
	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
REVENUE FROM CONTRACTS WITH CUSTOMERS	REVENUE FROM CONTRACTS WITH CUSTOMERS The Company records revenue from contracts with customers in accordance with Accounting Standards Codification Topic 606, “Revenue from Contracts with Customers” (“Topic 606”). Under Topic 606, the Company must identify the contract with a customer, identify the performance obligations in the contract, determine the transaction price, allocate the transaction price to the performance obligations in the contract, and recognize revenue when (or as) the Company satisfies a performance obligation. The Company generally fully satisfies its performance obligations on its contracts with customers as services are rendered and the transaction prices can be fixed or variable; charged either on a periodic basis or based on activity. Except as disclosed below, the Company presents disaggregated revenue from contracts with customers in the consolidated statements of income. Banking and Factoring Segments The Banking segment derives its revenue principally from investments in interest-earning assets as well as noninterest income typical for the banking industry, and the Factoring segment derives the large majority of its revenue from interest income on purchased factored receivables. The majority of such revenue streams fall under Accounting Standards Codification Topic 310, “Receivables” (“Topic 310”) which is outside the scope of Topic 606. There are, however, certain Banking and Factoring activities that generate revenue under Topic 606. Descriptions of the Company's significant Banking and Factoring 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. • 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. Payments Segment The Payments segment derives a portion of its revenue from interest income on factored receivables and commercial loans related to invoice payments. These factored receivables consist of (i) invoices where we offer a Carrier a quick pay opportunity to receive payment at a discount in advance of the standard payment term for such invoice in exchange for the assignment of such invoice to us and (ii) factoring transactions where we purchase receivables payable to such freight brokers from their shipper clients. The Payments segment also offers commercial loans that result from our offering certain Brokers an additional liquidity option through the ability to settle their invoices with us on an extended term following our payment to their Carriers. The balance of such commercial loans was $0 at September 30, 2024 and December 31, 2023. Such revenue falls under Topic 310 and is outside the scope of Topic 606. The Payments segment under its brand name, TriumphPay, connects Brokers, Shippers, Factors and Carriers through forward-thinking solutions that help each party successfully manage the life cycle of invoice presentment for services provided by Carrier through TriumphPay’s processing and audit of such invoice to its ultimate payment to the Carrier or the Factor. The Payments segment earns transaction revenue for such services from fees paid by its customers to receive auditing and payment processing of their invoices. Transaction revenue is recorded in Fee Income on the Consolidated Statements of Income and is subject to Topic 606. Transaction fees can be variable in nature. When such fees are variable, they are typically based upon the number of audit and payment transactions executed during a stated period; generally a calendar month. The customer is charged either a set fee per transaction or a set minimum fee for a stated number of transactions with the variable component being a per-invoice amount for transactions exceeding the stated minimum number. When applicable, the stated minimum number of transactions typically resets on a monthly basis. Transaction volume and related variable fees are known and recognized at each reporting period. Transaction fees can also be fixed in nature with such fees reflecting a set annual amount that is recognized ratably over the terms of the related contracts. In both variable and fixed arrangements, customers are typically billed monthly in arrears with payment due on 30 day terms and as such, no revenue is deferred. The Payments segment also earns network fees for providing its customers access to the TriumphPay network. Network fees are recorded in Fee Income on the Consolidated Statements of Income and are subject to Topic 606. Network fees are generally a fixed annual amount and are recognized ratably over the terms of the related contracts. Customers are typically billed monthly in arrears with payment due on 30 day terms and as such, no revenue is deferred. The Payments segme nt's service comprises a single performance obligation to provide stand-ready access to its payments and audit platforms for its customers which is satisfied over time as services are rendered. Given the nature of its services and related revenue, no significant judgments are made in applying Topic 606 and there are no refund, warranty, or similar obligations. The Payments segmen t's contracts with its customers are usually short-term in nature and can generally be terminated by either party without a termination penalty or refund after the notice period has lapsed. Therefore, the contracts are defined at the transaction level and do not extend beyond the service already provided. The contracts generally renew automatically without any significant material rights. Some of the contracts include tiered pricing, which is based primarily on volume. The fee charged per transaction is adjusted up or down based on the volume processed for a specified period. Management has concluded that this volume-based pricing approach does not constitute a future material right since changes in the fee ranges are typically offered to classes of customers with similar volume. The Payments seg ment recognizes fees charged to its customers on a gross basis as transaction revenue as it is the principal in respect of completing Payments segment transactions. As a principal to the transaction, the Payments segment controls the services on its platforms. The Payments segment bears primary responsibility for the fulfillment of the services, contracts directly with its customers, controls the product specifications, and defines the value proposal from its services. Further, the Payments segment has full discretion in determining the fee charged to its customers. The Payments segment is also responsible for providing customer support. Capitalized contract costs consist of (i) deferred sales commissions that are incremental costs of obtaining customer contracts and (ii) deferred set-up costs, primarily direct payroll costs, for implementation services provided to customers prior to the launching of the Company’s products for general availability (go-live) to customers. Deferred sales commissions are amortized ratably over two years, taking into consideration the initial contract term, expected renewal periods, and sales commissions paid on such renewal periods. Deferred set-up costs are amortized ratably over four years which estimates the benefit period of the capitalized costs starting on the go-live date of the service. Deferred sales commissions and deferred set-up costs were included in other assets in the accompanying consolidated balance sheets and were $347,000 and $1,209,000, respectively, at September 30, 2024 and $394,000 and $505,000, respectively, at December 31, 2023. The amortization of deferred sales commissions and deferred set-up costs is included in salaries and employee benefits in the consolidated statements of income and was not significant for the nine months ended September 30, 2024 and 2023. Given the nature of services provided, the Payments segment does not carry any material contract balances. The table below shows the Payments segment’s revenue from transaction and network fees from external customers, which are disaggregated by customer category. Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands) 2024 2023 2024 2023 Broker fee income $ 4,804 $ 3,372 $ 13,311 $ 8,335 Factor fee income 1,339 1,312 3,930 3,955 Other fee income 42 96 196 $ 280 Total fee income $ 6,185 $ 4,780 $ 17,437 $ 12,570

LESSOR OPERATING LEASES

LESSOR OPERATING LEASES	9 Months Ended
	Sep. 30, 2024
Lessor Disclosure [Abstract]
LESSOR OPERATING LEASES	LESSOR OPERATING LEASES The table below shows the Company's revenue from operating leases, which is included in non-interest income in the Company's consolidated statements of income. Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands) 2024 2023 2024 2023 Fixed payments $ 978 $ — $ 2,073 $ — Variable payments 441 — 994 — Amortization of intangibles included in lease income (27) — (57) $ — Total fee income $ 1,392 $ — $ 3,010 $ —

BUSINESS SEGMENT INFORMATION

BUSINESS SEGMENT INFORMATION	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
BUSINESS SEGMENT INFORMATION	BUSINESS SEGMENT INFORMATION The Company's reportable segments are Banking, Factoring, and Payments, 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 we offer a Carrier a quickpay opportunity to receive payment at a discount in advance of the standard payment term for such invoice in exchange for the assignment of such invoice to us and from offering 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 Brokers. Prior to September 30, 2024, the Company disclosed Corporate as a reportable segment. The Company has determined that what was previously deemed the Corporate reportable segment consists of other business activities that do not represent a reportable segment, but rather, such activities belong in a Corporate and Other category as reported in the tabular disclosure below. It should be noted that such restructuring of the tabular disclosure did not result in any changes to the Company's revenue and expense allocation methodology described below. The Company restructured prior period tabular disclosures to achieve appropriate comparability. Expenses that are directly attributable to the Company's Banking, Factoring, and Payments segments such as, but not limited to, occupancy, salaries and benefits to employees that are fully dedicated to the segment, and certain technology costs that can be attributed to specific users or functional areas within the segment are allocated as such. The Company continues to make considerable investments in shared services that benefit the entire organization and these expenses are allocated to the Corporate and Other category. The Company allocates such expenses to the Corporate and Other category in order for the Company's chief operating decision maker and investors to have clear visibility into the operating performance of each reportable segment. The Company allocates 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 customer deposit funding in excess of its factored receivables, intersegment interest income is allocated based on the Federal Funds effective rate. Management believes that such intersegment interest allocations appropriately reflect the current interest rate environment. 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. With the exception of the Corporate and Other discussion 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 2023 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. 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. Servicing fees are paid by the Payments segment to the Factoring segment for servicing such product. Beginning prospectively on January 1, 2024, the Factoring and Payments segments began paying fees to our Banking segment for the Banking segment's execution of various banking services that benefit those segments. Credit loss expense is allocated based on the segment’s ACL determination. Noninterest income and expense directly attributable to a segment are assigned to the related segment. Various shared service costs such as human resources, accounting, finance, risk management and information technology expense are assigned to the Corporate and Other category if they are not directly attributable to a segment . Taxes are paid on a consolidated basis and are not allocated for segment purposes. (Dollars in thousands) Total Corporate Three months ended September 30, 2024 Banking Factoring Payments Segments and Other (1) Consolidated Total interest income $ 67,390 $ 34,905 $ 5,693 $ 107,988 $ 87 $ 108,075 Intersegment interest allocations 6,711 (9,280) 2,569 — — — Total interest expense 16,976 — — 16,976 2,400 19,376 Net interest income (expense) 57,125 25,625 8,262 91,012 (2,313) 88,699 Credit loss expense (benefit) 3,719 328 (5) 4,042 221 4,263 Net interest income after credit loss expense 53,406 25,297 8,267 86,970 (2,534) 84,436 Noninterest income 7,538 2,170 6,322 16,030 1,467 17,497 Noninterest expense 32,009 19,969 16,598 68,576 27,070 95,646 Net intersegment noninterest income (expense) (2) 139 465 (604) — — — Net income (loss) before income tax expense $ 29,074 $ 7,963 $ (2,613) $ 34,424 $ (28,137) $ 6,287 (Dollars in thousands) Total Corporate Three months ended September 30, 2023 Banking Factoring Payments Segments and Other (1) Consolidated Total interest income $ 68,328 $ 34,244 $ 4,917 $ 107,489 $ 44 $ 107,533 Intersegment interest allocations 8,330 (9,664) 1,334 — — — Total interest expense 13,723 — — 13,723 2,483 16,206 Net interest income (expense) 62,935 24,580 6,251 93,766 (2,439) 91,327 Credit loss expense (benefit) 410 375 14 799 13 812 Net interest income after credit loss expense 62,525 24,205 6,237 92,967 (2,452) 90,515 Noninterest income 5,978 2,546 4,817 13,341 69 13,410 Noninterest expense 31,503 18,371 14,556 64,430 21,829 86,259 Net intersegment noninterest income (expense) (2) — 242 (242) — — — Net income (loss) before income tax expense $ 37,000 $ 8,622 $ (3,744) $ 41,878 $ (24,212) $ 17,666 (Dollars in thousands) Total Corporate Nine months ended September 30, 2024 Banking Factoring Payments Segments and Other (1) Consolidated Total interest income $ 198,284 $ 101,964 $ 16,571 $ 316,819 $ 218 $ 317,037 Intersegment interest allocations 20,643 (27,383) 6,740 — — — Total interest expense 47,193 — — 47,193 7,195 54,388 Net interest income (expense) 171,734 74,581 23,311 269,626 (6,977) 262,649 Credit loss expense (benefit) 10,207 3,859 55 14,121 193 14,314 Net interest income after credit loss expense 161,527 70,722 23,256 255,505 (7,170) 248,335 Noninterest income 21,613 7,089 17,732 46,434 3,229 49,663 Noninterest expense 96,003 59,357 50,153 205,513 77,847 283,360 Net intersegment noninterest income (expense) (2) 397 1,227 (1,624) — — — Net income (loss) before income tax expense $ 87,534 $ 19,681 $ (10,789) $ 96,426 $ (81,788) $ 14,638 (Dollars in thousands) Total Corporate Nine months ended September 30, 2023 Banking Factoring Payments Segments and Other (1) Consolidated Total interest income $ 193,678 $ 108,769 $ 11,115 $ 313,562 $ 131 $ 313,693 Intersegment interest allocations 23,420 (28,176) 4,756 — — — Total interest expense 30,305 — — 30,305 7,228 37,533 Net interest income (expense) 186,793 80,593 15,871 283,257 (7,097) 276,160 Credit loss expense (benefit) 3,164 2,405 55 5,624 444 6,068 Net interest income after credit loss expense 183,629 78,188 15,816 277,633 (7,541) 270,092 Noninterest income 17,998 5,104 12,643 35,745 198 35,943 Noninterest expense 95,677 60,358 46,912 202,947 62,989 265,936 Net intersegment noninterest income (expense) (2) — (120) 120 — — — Net income (loss) before income tax expense $ 105,950 $ 22,814 $ (18,333) $ 110,431 $ (70,332) $ 40,099 (1) Includes revenue and expense from the Company’s holding company, which does not meet the definition of an operating segment. Also includes corporate shared service costs such as 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. (2) Net intersegment noninterest income (expense) includes: (Dollars in thousands) Banking Factoring Payments Three Months Ended September 30, 2024 Factoring revenue received from Payments $ — $ 864 $ (864) Payments revenue received from Factoring — (289) 289 Banking revenue received from Payments and Factoring 139 (110) (29) Net intersegment noninterest income (expense) $ 139 $ 465 $ (604) Three Months Ended September 30, 2023 Factoring revenue received from Payments $ — $ 510 $ (510) Payments revenue received from Factoring — (268) 268 Banking revenue received from Payments and Factoring — — — Net intersegment noninterest income (expense) $ — $ 242 $ (242) Nine months ended September 30, 2024 Factoring revenue received from Payments $ — $ 2,364 $ (2,364) Payments revenue received from Factoring — (818) 818 Banking revenue received from Payments and Factoring 397 (319) (78) Net intersegment noninterest income (expense) $ 397 $ 1,227 $ (1,624) Nine months ended September 30, 2023 Factoring revenue received from Payments $ — $ 680 $ (680) Payments revenue received from Factoring — (800) 800 Banking revenue received from Payments and Factoring — — — Net intersegment noninterest income (expense) $ — $ (120) $ 120 Total assets and gross loans below include intersegment loans, which eliminate in consolidation. (Dollars in thousands) Total Corporate September 30, 2024 Banking Factoring Payments Segments and Other Eliminations Consolidated Total assets $ 5,357,731 $ 1,165,591 $ 526,467 $ 7,049,789 $ 1,151,899 $ (2,335,642) $ 5,866,046 Gross loans $ 3,716,900 $ 1,033,783 $ 169,862 $ 4,920,545 $ — $ (587,578) $ 4,332,967 (Dollars in thousands) Total Corporate December 31, 2023 Banking Factoring Payments Segments and Other Eliminations Consolidated Total assets $ 4,918,527 $ 1,077,367 $ 546,985 $ 6,542,879 $ 1,056,646 $ (2,252,191) $ 5,347,334 Gross loans $ 3,595,527 $ 941,926 $ 174,728 $ 4,712,181 $ — $ (549,081) $ 4,163,100

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net income	$ 5,347	$ 2,747	$ 4,158	$ 12,794	$ 7,650	$ 11,010	$ 12,252	$ 31,454

Insider Trading Arrangements

Insider Trading Arrangements - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Sep. 30, 2024
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 May 6, 2024, 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 12,257 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 June 30, 2024, and will cease upon the earlier of January 31, 2025 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		May 6, 2024
Expiration Date		January 31, 2025
Arrangement Duration		270 days
Aggregate Available		12,257
Aaron Graft [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement			On August 29, 2024, Mr. Aaron Graft, the Company’s President and Chief Executive 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 “Graft Trading Plan”). The Graft Trading Plan covers the sale of up to 54,000 shares of the Company’s common stock in several transactions over a period commencing after the later of (1) 91 days from the execution of the Graft Trading Plan and (2) the third trading day following the public disclosure of the Company’s financial results on Form 10-Q for the quarter ended September 30, 2024, and will cease upon the earlier of November 28, 2025 or the sale of all shares subject to the Graft Trading Plan.
Name	Aaron Graft
Title	President and Chief Executive Officer
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	August 29, 2024
Expiration Date	November 28, 2025
Arrangement Duration	456 days
Aggregate Available	54,000		54,000

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Nature of Operations	Nature of Operations Triumph Financial, Inc. (collectively with its subsidiaries, “Triumph Financial”, or the “Company” as applicable) is a financial holding company headquartered in Dallas, Texas, offering a diversified line of payments, factoring and banking services. The accompanying consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries Triumph CRA Holdings, LLC (“TCRA”), TBK Bank, SSB (“TBK Bank”), TBK Bank’s wholly owned factoring subsidiary Triumph Financial Services LLC ("Triumph Financial Services"), and TBK Bank’s wholly owned subsidiary Triumph Insurance Group, Inc. (“TIG”). TriumphPay operates as a division of TBK Bank, SSB.
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with United States Generally Accepted Accounting Principles (“GAAP”) for interim financial information and in accordance with guidance provided by the Securities and Exchange Commission (“SEC”). Accordingly, the condensed financial statements do not include all of the information and footnotes required by GAAP for complete financial statements. The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all normal and recurring adjustments considered necessary for a fair presentation. Transactions between the subsidiaries have been eliminated. 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, 2023. Operating results for the three and nine months ended September 30, 2024 are not necessarily indicative of the results that may be expected for the year ending December 31, 2024.
Reportable Segments	Reportable 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 three reportable segments consisting of Banking, Factoring, and Payments. 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. For further discussion of management's operating segments and allocation methodology, see Note 15 – Business Segment Information. The Company's reportable segments are Banking, Factoring, and Payments, 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 we offer a Carrier a quickpay opportunity to receive payment at a discount in advance of the standard payment term for such invoice in exchange for the assignment of such invoice to us and from offering 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 Brokers. Prior to September 30, 2024, the Company disclosed Corporate as a reportable segment. The Company has determined that what was previously deemed the Corporate reportable segment consists of other business activities that do not represent a reportable segment, but rather, such activities belong in a Corporate and Other category as reported in the tabular disclosure below. It should be noted that such restructuring of the tabular disclosure did not result in any changes to the Company's revenue and expense allocation methodology described below. The Company restructured prior period tabular disclosures to achieve appropriate comparability. Expenses that are directly attributable to the Company's Banking, Factoring, and Payments segments such as, but not limited to, occupancy, salaries and benefits to employees that are fully dedicated to the segment, and certain technology costs that can be attributed to specific users or functional areas within the segment are allocated as such. The Company continues to make considerable investments in shared services that benefit the entire organization and these expenses are allocated to the Corporate and Other category. The Company allocates such expenses to the Corporate and Other category in order for the Company's chief operating decision maker and investors to have clear visibility into the operating performance of each reportable segment. The Company allocates 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 customer deposit funding in excess of its factored receivables, intersegment interest income is allocated based on the Federal Funds effective rate. Management believes that such intersegment interest allocations appropriately reflect the current interest rate environment. 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. With the exception of the Corporate and Other discussion 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 2023 Form 10-K.
Adoption of New Accounting Standards and Newly Issued, But Not Yet Effective 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". The Company adopted ASU 2022-02 effective January 1, 2023 on a prospective basis. Adoption of ASU 2022-02 did not have a material impact on the Company's consolidated financial statements. Newly Issued, But Not Yet Effective Accounting Standards In December 2023, the FASB issued Accounting Standards Update ("ASU") 2023-07, "Segment Reporting (Topic 280), Improvements to Reportable Segment Disclosures" ("ASU 2023-07"). ASU 2023-07 Requires public entities to disclose significant segment expenses, an amount and description for other segment items, the title and position of the entity’s chief operating decision maker ("CODM") and an explanation of how the CODM uses the reported measures of profit or loss to assess segment performance, and, on an interim basis, certain segment related disclosures that previously were required only on an annual basis. ASU 2023-07 also clarifies that entities with a single reportable segment are subject to both new and existing segment reporting requirements and that an entity is permitted to disclose multiple measures of segment profit or loss, provided that certain criteria are met. ASU 2023-07 is effective for the Company for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. The Company will update its segment related disclosures upon adoption. In December 2023, the FASB issued Accounting Standards Update 2023-09, “Income Taxes (Topic 740), Improvements to Income Tax Disclosures" ("ASU 2023-09"). ASU 2023-09 requires public entities to disclose in their rate reconciliation table additional categories of information about federal, state and foreign income taxes and to provide more details about the reconciling items in some categories if items meet a quantitative threshold. ASU 2023-09 also requires all entities to disclose income taxes paid, net of refunds, disaggregated by federal, state and foreign taxes for annual periods and to disaggregate the information by jurisdiction based on a quantitative threshold, among other things. ASU 2023-09 is effective for the Company for fiscal years beginning after December 15, 2024 with early adoption permitted. The Company will update its income tax disclosures upon adoption.
Revenue from Contracts with Customers	The Company records revenue from contracts with customers in accordance with Accounting Standards Codification Topic 606, “Revenue from Contracts with Customers” (“Topic 606”). Under Topic 606, the Company must identify the contract with a customer, identify the performance obligations in the contract, determine the transaction price, allocate the transaction price to the performance obligations in the contract, and recognize revenue when (or as) the Company satisfies a performance obligation. The Company generally fully satisfies its performance obligations on its contracts with customers as services are rendered and the transaction prices can be fixed or variable; charged either on a periodic basis or based on activity. Except as disclosed below, the Company presents disaggregated revenue from contracts with customers in the consolidated statements of income. Banking and Factoring Segments The Banking segment derives its revenue principally from investments in interest-earning assets as well as noninterest income typical for the banking industry, and the Factoring segment derives the large majority of its revenue from interest income on purchased factored receivables. The majority of such revenue streams fall under Accounting Standards Codification Topic 310, “Receivables” (“Topic 310”) which is outside the scope of Topic 606. There are, however, certain Banking and Factoring activities that generate revenue under Topic 606. Descriptions of the Company's significant Banking and Factoring 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. • 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. Payments Segment The Payments segment derives a portion of its revenue from interest income on factored receivables and commercial loans related to invoice payments. These factored receivables consist of (i) invoices where we offer a Carrier a quick pay opportunity to receive payment at a discount in advance of the standard payment term for such invoice in exchange for the assignment of such invoice to us and (ii) factoring transactions where we purchase receivables payable to such freight brokers from their shipper clients. The Payments segment also offers commercial loans that result from our offering certain Brokers an additional liquidity option through the ability to settle their invoices with us on an extended term following our payment to their Carriers. The balance of such commercial loans was $0 at September 30, 2024 and December 31, 2023. Such revenue falls under Topic 310 and is outside the scope of Topic 606. The Payments segment under its brand name, TriumphPay, connects Brokers, Shippers, Factors and Carriers through forward-thinking solutions that help each party successfully manage the life cycle of invoice presentment for services provided by Carrier through TriumphPay’s processing and audit of such invoice to its ultimate payment to the Carrier or the Factor. The Payments segment earns transaction revenue for such services from fees paid by its customers to receive auditing and payment processing of their invoices. Transaction revenue is recorded in Fee Income on the Consolidated Statements of Income and is subject to Topic 606. Transaction fees can be variable in nature. When such fees are variable, they are typically based upon the number of audit and payment transactions executed during a stated period; generally a calendar month. The customer is charged either a set fee per transaction or a set minimum fee for a stated number of transactions with the variable component being a per-invoice amount for transactions exceeding the stated minimum number. When applicable, the stated minimum number of transactions typically resets on a monthly basis. Transaction volume and related variable fees are known and recognized at each reporting period. Transaction fees can also be fixed in nature with such fees reflecting a set annual amount that is recognized ratably over the terms of the related contracts. In both variable and fixed arrangements, customers are typically billed monthly in arrears with payment due on 30 day terms and as such, no revenue is deferred. The Payments segment also earns network fees for providing its customers access to the TriumphPay network. Network fees are recorded in Fee Income on the Consolidated Statements of Income and are subject to Topic 606. Network fees are generally a fixed annual amount and are recognized ratably over the terms of the related contracts. Customers are typically billed monthly in arrears with payment due on 30 day terms and as such, no revenue is deferred. The Payments segme nt's service comprises a single performance obligation to provide stand-ready access to its payments and audit platforms for its customers which is satisfied over time as services are rendered. Given the nature of its services and related revenue, no significant judgments are made in applying Topic 606 and there are no refund, warranty, or similar obligations. The Payments segmen t's contracts with its customers are usually short-term in nature and can generally be terminated by either party without a termination penalty or refund after the notice period has lapsed. Therefore, the contracts are defined at the transaction level and do not extend beyond the service already provided. The contracts generally renew automatically without any significant material rights. Some of the contracts include tiered pricing, which is based primarily on volume. The fee charged per transaction is adjusted up or down based on the volume processed for a specified period. Management has concluded that this volume-based pricing approach does not constitute a future material right since changes in the fee ranges are typically offered to classes of customers with similar volume. The Payments seg ment recognizes fees charged to its customers on a gross basis as transaction revenue as it is the principal in respect of completing Payments segment transactions. As a principal to the transaction, the Payments segment controls the services on its platforms. The Payments segment bears primary responsibility for the fulfillment of the services, contracts directly with its customers, controls the product specifications, and defines the value proposal from its services. Further, the Payments segment has full discretion in determining the fee charged to its customers. The Payments segment is also responsible for providing customer support.

SECURITIES (Tables)

SECURITIES (Tables)	9 Months Ended
	Sep. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Schedule of Gross Realized and Unrealized Gains (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) 2024 2023 2024 2023 Unrealized gains (losses) on equity securities held at the reporting date $ 161 $ (137) $ 95 $ (137) Realized gains (losses) on equity securities sold during the period — — — 18 $ 161 $ (137) $ 95 $ (119) 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) 2024 2023 2024 2023 Unrealized gains (losses) on equity securities still held at the reporting date $ — $ — $ — $ — Realized gains (losses) on equity securities sold during the period — — 534 — $ — $ — $ 534 $ —
Schedule of 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, 2024 December 31, 2023 Equity Securities without readily determinable fair value, at cost $ 61,602 $ 65,814 Upward adjustments based on observable price changes, cumulative 10,163 10,163 Equity Securities without readily determinable fair value, carrying value $ 71,765 $ 75,977
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, 2024 Available for sale securities: Mortgage-backed securities, residential $ 78,585 $ 364 $ (3,800) $ — $ 75,149 Asset-backed securities 926 — (2) — 924 State and municipal 3,487 1 (45) — 3,443 CLO securities 320,948 1,209 (69) — 322,088 Corporate bonds 267 8 — — 275 SBA pooled securities 1,364 6 (63) — 1,307 Total available for sale securities $ 405,577 $ 1,588 $ (3,979) $ — $ 403,186 (Dollars in thousands) Amortized Gross Gross Fair September 30, 2024 Held to maturity securities: CLO securities $ 5,504 $ — $ (3,001) $ 2,503 Allowance for credit losses (3,383) Total held to maturity securities, net of ACL $ 2,121 (Dollars in thousands) Amortized Gross Gross Allowance for Credit Losses Fair December 31, 2023 Available for sale securities: Mortgage-backed securities, residential $ 60,411 $ 221 $ (4,793) $ — $ 55,839 Asset-backed securities 1,188 — (18) — 1,170 State and municipal 4,560 1 (46) — 4,515 CLO Securities 235,484 1,137 (330) — 236,291 Corporate bonds 268 7 — — 275 SBA pooled securities 1,642 3 (91) — 1,554 Total available for sale securities $ 303,553 $ 1,369 $ (5,278) $ — $ 299,644 (Dollars in thousands) Amortized Gross Gross Fair December 31, 2023 Held to maturity securities: CLO securities $ 6,167 $ 30 $ (2,182) $ 4,015 Allowance for credit losses (3,190) Total held to maturity securities, net of ACL $ 2,977
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, 2024, 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 $ 572 $ 573 $ — $ — Due from one year to five years 2,152 2,130 5,504 2,503 Due from five years to ten years 49,051 49,164 — — Due after ten years 272,927 273,939 — — 324,702 325,806 5,504 2,503 Mortgage-backed securities, residential 78,585 75,149 — — Asset-backed securities 926 924 — — SBA pooled securities 1,364 1,307 — — $ 405,577 $ 403,186 $ 5,504 $ 2,503
Schedule of Proceeds from Sales of Debt Securities and the Associated Gross Gains and Losses	Proceeds from sales of debt securities and the associated gross gains and losses 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) 2024 2023 2024 2023 Proceeds $ — $ 10,005 $ — $ 14,005 Gross gains — 5 — 5 Gross losses — — — — Net gains and losses from calls of securities — — — —
Schedule of Available-for-Sale Debt Securities in an Unrealized Loss Position with No Allowance	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, 2024 Available for sale securities: Mortgage-backed securities, residential $ 11,293 $ (74) $ 27,469 $ (3,726) $ 38,762 $ (3,800) Asset-backed securities — — 924 (2) 924 (2) State and municipal 513 — 2,031 (45) 2,544 (45) CLO securities 46,494 (69) — — 46,494 (69) Corporate bonds — — — — — — SBA pooled securities — — 991 (63) 991 (63) $ 58,300 $ (143) $ 31,415 $ (3,836) $ 89,715 $ (3,979) Less than 12 Months 12 Months or More Total (Dollars in thousands) Fair Unrealized Fair Unrealized Fair Unrealized December 31, 2023 Available for sale securities: Mortgage-backed securities, residential $ 13,157 $ (312) $ 32,885 $ (4,481) $ 46,042 $ (4,793) Asset-backed securities 1,170 (18) — — 1,170 (18) State and municipal 975 (13) 2,424 (33) 3,399 (46) CLO Securities 2,576 (13) 42,735 (317) 45,311 (330) Corporate bonds — — — — — — SBA pooled securities 216 (9) 1,059 (82) 1,275 (91) $ 18,094 $ (365) $ 79,103 $ (4,913) $ 97,197 $ (5,278)
Schedule 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 2024 2023 2024 2023 Allowance for credit losses: Beginning balance $ 3,162 $ 2,876 $ 3,190 $ 2,444 Credit loss expense 221 14 193 446 Allowance for credit losses ending balance $ 3,383 $ 2,890 $ 3,383 $ 2,890

LOANS AND ALLOWANCE FOR CREDI_2

LOANS AND ALLOWANCE FOR CREDIT LOSSES (Tables)	9 Months Ended
	Sep. 30, 2024
Receivables [Abstract]
Schedule of Loans Held for Sale	The following table presents loans held for sale: (Dollars in thousands) September 30, 2024 December 31, 2023 1-4 family residential $ 996 $ 1,230 Commercial (970) 6 Total loans held for sale $ 26 $ 1,236
Schedule of Amortized Cost and Unpaid Principal for Loans Held for Investment	The following table presents the amortized cost and unpaid principal balance of loans held for investment: September 30, 2024 December 31, 2023 (Dollars in thousands) Amortized Unpaid Difference Amortized Unpaid Difference Commercial real estate $ 762,343 $ 762,639 $ (296) $ 812,704 $ 813,623 $ (919) Construction, land development, land 217,148 217,729 (581) 136,720 137,209 (489) 1-4 family residential 126,103 126,284 (181) 125,916 126,096 (180) Farmland 57,621 57,708 (87) 63,568 63,728 (160) Commercial 1,093,477 1,095,179 (1,702) 1,170,365 1,176,243 (5,878) Factored receivables 1,201,495 1,205,881 (4,386) 1,116,654 1,119,544 (2,890) Consumer 6,990 6,992 (2) 8,326 8,328 (2) Mortgage warehouse 867,790 867,790 — 728,847 728,847 — Total loans held for investment 4,332,967 $ 4,340,202 $ (7,235) 4,163,100 $ 4,173,618 $ (10,518) Allowance for credit losses (41,243) (35,219) $ 4,291,724 $ 4,127,881
Schedule 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, 2024 Commercial real estate $ 5,438 $ (206) $ (831) $ — $ 4,401 Construction, land development, land 2,596 333 — — 2,929 1-4 family residential 972 15 (18) 1 970 Farmland 395 (1) — — 394 Commercial 17,372 4,489 (1,913) 18 19,966 Factored receivables 11,928 323 (951) 270 11,570 Consumer 156 88 (114) 16 146 Mortgage warehouse 734 133 — — 867 $ 39,591 $ 5,174 $ (3,827) $ 305 $ 41,243 (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 Nine Months Ended September 30, 2024 Commercial real estate $ 6,030 $ (798) $ (831) $ — $ 4,401 Construction, land development, land 965 1,963 — 1 2,929 1-4 family residential 927 71 (32) 4 970 Farmland 442 (48) — — 394 Commercial 14,060 9,558 (3,734) 82 19,966 Factored receivables 11,896 3,045 (4,283) 912 11,570 Consumer 171 221 (308) 62 146 Mortgage warehouse 728 139 — — 867 $ 35,219 $ 14,151 $ (9,188) $ 1,061 $ 41,243 (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
Schedule of 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, 2024 Commercial real estate $ 7,110 $ — $ — $ 4,303 $ 11,413 $ 28 Construction, land development, land — — — — — — 1-4 family residential 959 — — — 959 66 Farmland 1,976 — 77 53 2,106 — Commercial 2,196 — 53,174 21,277 76,647 8,451 Factored receivables — 37,748 — — 37,748 5,928 Consumer — — — 132 132 — Mortgage warehouse — — — — — — Total $ 12,241 $ 37,748 $ 53,251 $ 25,765 $ 129,005 $ 14,473 (Dollars in thousands) Real Estate Accounts Equipment Other Total ACL December 31, 2023 Commercial real estate $ 2,518 $ — $ — $ — $ 2,518 $ 777 Construction, land development, land — — — — — — 1-4 family residential 1,156 — — 22 1,178 113 Farmland 291 — — 677 968 — Commercial 920 — 18,259 21,772 40,951 3,322 Factored receivables — 39,577 — — 39,577 6,717 Consumer — — — 133 133 — Mortgage warehouse — — — — — — Total $ 4,885 $ 39,577 $ 18,259 $ 22,604 $ 85,325 $ 10,929
Schedule 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, 2024 Commercial real estate $ 5,163 $ — $ 7,672 $ 12,835 $ 749,508 $ 762,343 $ — Construction, land development, land — — — — 217,148 217,148 — 1-4 family residential 2,054 577 404 3,035 123,068 126,103 — Farmland — — 148 148 57,473 57,621 — Commercial 20,828 11,651 17,715 50,194 1,043,283 1,093,477 — Factored receivables 18,599 4,275 24,595 47,469 1,154,026 1,201,495 24,595 Consumer 9 15 — 24 6,966 6,990 — Mortgage warehouse — — — — 867,790 867,790 — Total $ 46,653 $ 16,518 $ 50,534 $ 113,705 $ 4,219,262 $ 4,332,967 $ 24,595 (Dollars in thousands) Past Due Past Due Past Due 90 Total Current Total Past Due 90 December 31, 2023 Commercial real estate $ — $ 74 $ 1,369 $ 1,443 $ 811,261 $ 812,704 $ — Construction, land development, land — — — — 136,720 136,720 — 1-4 family residential 680 639 309 1,628 124,288 125,916 — Farmland 173 — — 173 63,395 63,568 — Commercial 4,585 4,699 5,423 14,707 1,155,658 1,170,365 — Factored receivables 32,177 6,438 26,332 64,947 1,051,707 1,116,654 26,332 Consumer 44 96 31 171 8,155 8,326 — Mortgage warehouse — — — — 728,847 728,847 — Total $ 37,659 $ 11,946 $ 33,464 $ 83,069 $ 4,080,031 $ 4,163,100 $ 26,332
Schedule 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, 2024 December 31, 2023 (Dollars in thousands) Total Nonaccrual Nonaccrual Total Nonaccrual Nonaccrual Commercial real estate $ 11,413 $ 10,602 $ 2,447 $ 190 Construction, land development, land — — — — 1-4 family residential 959 872 1,178 1,028 Farmland 2,106 2,106 968 968 Commercial 74,190 55,533 40,951 33,188 Factored receivables 2,150 — — — Consumer 132 132 133 133 Mortgage warehouse — — — — $ 90,950 $ 69,245 $ 45,677 $ 35,507
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) 2024 2023 2024 2023 Commercial real estate $ — $ 1 $ — $ 17 Construction, land development, land — — 2 — 1-4 family residential 4 2 5 8 Farmland — 35 13 57 Commercial 6 47 194 55 Factored receivables — — — — Consumer — 1 — 2 Mortgage warehouse — — — — $ 10 $ 86 $ 214 $ 139
Schedule of Nonperforming Loans	The following table presents information regarding nonperforming loans: (Dollars in thousands) September 30, 2024 December 31, 2023 Nonaccrual loans $ 90,950 $ 45,677 Factored receivables greater than 90 days past due 22,735 23,181 $ 113,685 $ 68,858
Schedule of Risk Category of Loans	As of September 30, 2024 and December 31, 2023, 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, 2024 2024 2023 2022 2021 2020 Prior Commercial real estate Pass $ 143,030 $ 86,878 $ 76,786 $ 93,141 $ 101,123 $ 34,311 $ 86,718 $ 133 $ 622,120 Classified 4,352 117,331 — 811 667 17,062 — — 140,223 Total commercial real estate $ 147,382 $ 204,209 $ 76,786 $ 93,952 $ 101,790 $ 51,373 $ 86,718 $ 133 $ 762,343 YTD gross charge-offs $ — $ — $ 352 $ 425 $ 54 $ — $ — $ — $ 831 Construction, land development, land Pass $ 148,068 $ 60,003 $ 860 $ 969 $ 266 $ 2,577 $ 4,405 $ — $ 217,148 Classified — — — — — — — — — Total construction, land development, land $ 148,068 $ 60,003 $ 860 $ 969 $ 266 $ 2,577 $ 4,405 $ — $ 217,148 YTD gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — 1-4 family residential Pass $ 15,611 $ 20,237 $ 13,881 $ 17,425 $ 6,405 $ 19,487 $ 31,205 $ 314 $ 124,565 Classified — 629 103 85 — 420 301 — 1,538 Total 1-4 family residential $ 15,611 $ 20,866 $ 13,984 $ 17,510 $ 6,405 $ 19,907 $ 31,506 $ 314 $ 126,103 YTD gross charge-offs $ — $ — $ — $ — $ — $ 32 $ — $ — $ 32 Farmland Pass $ 13,584 $ 6,318 $ 8,782 $ 4,525 $ 7,226 $ 13,348 $ 1,644 $ 77 $ 55,504 Classified — 53 1,605 — 12 447 — — 2,117 Total farmland $ 13,584 $ 6,371 $ 10,387 $ 4,525 $ 7,238 $ 13,795 $ 1,644 $ 77 $ 57,621 YTD gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial Pass $ 254,630 $ 146,165 $ 112,343 $ 33,008 $ 14,486 $ 9,777 $ 418,473 $ 309 $ 989,191 Classified 5,692 47,635 23,338 6,532 6,613 19 14,457 — 104,286 Total commercial $ 260,322 $ 193,800 $ 135,681 $ 39,540 $ 21,099 $ 9,796 $ 432,930 $ 309 $ 1,093,477 YTD gross charge-offs $ 583 $ 1,368 $ 639 $ 341 $ 650 $ 153 $ — $ — $ 3,734 Factored receivables Pass $ 1,160,619 $ — $ — $ — $ 1,860 $ — $ — $ — $ 1,162,479 Classified 19,655 — — — 19,361 — — — 39,016 Total factored receivables $ 1,180,274 $ — $ — $ — $ 21,221 $ — $ — $ — $ 1,201,495 YTD gross charge-offs $ 2,725 $ 1,558 $ — $ — $ — $ — $ — $ — $ 4,283 Consumer Pass $ 2,617 $ 2,034 $ 768 $ 361 $ 222 $ 843 $ 13 $ — $ 6,858 Classified — — — 67 — 47 18 — 132 Total consumer $ 2,617 $ 2,034 $ 768 $ 428 $ 222 $ 890 $ 31 $ — $ 6,990 YTD gross charge-offs $ — $ 289 $ 18 $ — $ — $ 1 $ — $ — $ 308 Mortgage warehouse Pass $ 867,790 $ — $ — $ — $ — $ — $ — $ — $ 867,790 Classified — — — — — — — — — Total mortgage warehouse $ 867,790 $ — $ — $ — $ — $ — $ — $ — $ 867,790 YTD gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Total loans Pass $ 2,605,949 $ 321,635 $ 213,420 $ 149,429 $ 131,588 $ 80,343 $ 542,458 $ 833 $ 4,045,655 Classified 29,699 165,648 25,046 7,495 26,653 17,995 14,776 — 287,312 Total loans $ 2,635,648 $ 487,283 $ 238,466 $ 156,924 $ 158,241 $ 98,338 $ 557,234 $ 833 $ 4,332,967 YTD gross charge-offs $ 3,308 $ 3,215 $ 1,009 $ 766 $ 704 $ 186 $ — $ — $ 9,188 Revolving Revolving Total (Dollars in thousands) Year of Origination December 31, 2023 2023 2022 2021 2020 2019 Prior Commercial real estate Pass $ 244,388 $ 119,169 $ 98,484 $ 116,078 $ 16,351 $ 34,724 $ 88,547 $ 159 $ 717,900 Classified 91,456 665 1,630 1,016 37 — — — 94,804 Total commercial real estate $ 335,844 $ 119,834 $ 100,114 $ 117,094 $ 16,388 $ 34,724 $ 88,547 $ 159 $ 812,704 YTD gross charge-offs $ 108 $ — $ — $ — $ — $ — $ — $ — $ 108 Construction, land development, land Pass $ 91,557 $ 34,683 $ 1,668 $ 2,996 $ 2,928 $ 276 $ 2,612 $ — $ 136,720 Classified — — — — — — — — — Total construction, land development, land $ 91,557 $ 34,683 $ 1,668 $ 2,996 $ 2,928 $ 276 $ 2,612 $ — $ 136,720 YTD gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — 1-4 family residential Pass $ 22,637 $ 16,336 $ 19,542 $ 7,229 $ 2,462 $ 20,950 $ 35,373 $ 174 $ 124,703 Classified 296 1 99 — 40 590 187 — 1,213 Total 1-4 family residential $ 22,933 $ 16,337 $ 19,641 $ 7,229 $ 2,502 $ 21,540 $ 35,560 $ 174 $ 125,916 YTD gross charge-offs $ 5 $ — $ — $ — $ — $ — $ — $ — $ 5 Farmland Pass $ 13,140 $ 13,628 $ 5,586 $ 7,876 $ 2,296 $ 18,542 $ 1,359 $ 155 $ 62,582 Classified 677 — — 18 86 205 — — 986 Total farmland $ 13,817 $ 13,628 $ 5,586 $ 7,894 $ 2,382 $ 18,747 $ 1,359 $ 155 $ 63,568 YTD gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial Pass $ 269,496 $ 196,731 $ 79,125 $ 61,440 $ 24,583 $ 10,476 $ 472,269 $ 370 $ 1,114,490 Classified 27,547 19,441 5,462 3,291 24 80 30 — 55,875 Total commercial $ 297,043 $ 216,172 $ 84,587 $ 64,731 $ 24,607 $ 10,556 $ 472,299 $ 370 $ 1,170,365 YTD gross charge-offs $ 100 $ 4,619 $ 4,493 $ 499 $ 44 $ 49 $ — $ — $ 9,804 Factored receivables Pass $ 1,075,428 $ — $ — $ 3,151 $ — $ — $ — $ — $ 1,078,579 Classified 18,714 — — 19,361 — — — — 38,075 Total factored receivables $ 1,094,142 $ — $ — $ 22,512 $ — $ — $ — $ — $ 1,116,654 YTD gross charge-offs $ 5,374 $ 2,293 $ — $ 3,330 $ — $ — $ — $ — $ 10,997 Consumer Pass $ 4,141 $ 1,442 $ 593 $ 406 $ 83 $ 1,488 $ 40 $ — $ 8,193 Classified 19 — 83 1 — 30 — — 133 Total consumer $ 4,160 $ 1,442 $ 676 $ 407 $ 83 $ 1,518 $ 40 $ — $ 8,326 YTD gross charge-offs $ 519 $ 25 $ 12 $ 3 $ — $ 4 $ — $ — $ 563 Mortgage warehouse Pass $ 728,847 $ — $ — $ — $ — $ — $ — $ — $ 728,847 Classified — — — — — — — — — Total mortgage warehouse $ 728,847 $ — $ — $ — $ — $ — $ — $ — $ 728,847 YTD gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Total loans Pass $ 2,449,634 $ 381,989 $ 204,998 $ 199,176 $ 48,703 $ 86,456 $ 600,200 $ 858 $ 3,972,014 Classified 138,709 20,107 7,274 23,687 187 905 217 — 191,086 Total loans $ 2,588,343 $ 402,096 $ 212,272 $ 222,863 $ 48,890 $ 87,361 $ 600,417 $ 858 $ 4,163,100 YTD gross charge-offs $ 6,106 $ 6,937 $ 4,505 $ 3,832 $ 44 $ 53 $ — $ — $ 21,477
Schedule of Loan Modifications	The following tables present the amortized cost basis of loan modifications to borrowers experiencing financial difficulty made during the reporting period: Term Extension Three Months Ended Nine Months Ended (Dollars in thousands) Amortized Cost % of Portfolio Amortized Cost % of Portfolio September 30, 2024 Commercial real estate $ 194 — % $ 194 — % Commercial 17 — % 17 — % Consumer — — % 18 0.3 % $ 211 — % $ 229 — % September 30, 2023 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 Nine Months Ended (Dollars in thousands) Amortized Cost % of Portfolio Amortized Cost % of Portfolio September 30, 2024 Commercial real estate $ — — % $ 141 — % $ — — % $ 141 — % September 30, 2023 Commercial real estate $ 83,344 10.2 % $ 83,344 10.2 % Commercial 549 — % 549 — % $ 83,893 1.9 % $ 83,893 1.9 % Term Extension and Principal Forgiveness Three Months Ended Nine Months Ended (Dollars in thousands) Amortized Cost % of Portfolio Amortized Cost % of Portfolio September 30, 2024 Commercial $ — — % $ 4,128 0.4 % $ — — % $ 4,128 0.1 % Term Extension and Payment Delay Three Months Ended Nine Months Ended (Dollars in thousands) Amortized Cost % of Portfolio Amortized Cost % of Portfolio September 30, 2024 Commercial $ 513 — % $ 513 — % $ 513 — % $ 513 — % The following tables describe the financial effect of the modifications made to borrowers experiencing financial difficulty: Term Extension Three Months Ended Nine Months Ended September 30, 2024 Commercial real estate Modification added a weighted average 0.3 years to the life of the modified loans. Modification added a weighted average 0.8 years to the life of the modified loans. Commercial Modification added a weighted average 1.0 years to the life of the modified loans. Modification added a weighted average 1.0 years to the life of the modified loans. Consumer N/A Modification added a weighted average 6.1 years to the life of the modified loans. 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 Nine Months Ended September 30, 2024 Commercial real estate N/A Modification added a weighted average 1.0 years to the life of the modified loans and reduced the weighted average contractual interest rate from 12.5% to 10.0%. 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%. Term Extension and Principal Forgiveness Three Months Ended Nine Months Ended September 30, 2024 Commercial N/A Modification added a weighted average 1.8 years to the life of the modified loans and resulted in principal forgiveness totaling 507,000. Term Extension and Payment Delay Three Months Ended Nine Months Ended September 30, 2024 Commercial Modification added a weighted average 0.7 years to the life of the modified loans and provided a weighted average payment delay of 0.7 years. Modification added a weighted average 0.7 years to the life of the modified loans and provided a weighted average payment delay of 0.7 years. The following table presents the payment status of loans that have been modified in the last twelve months: September 30, 2024 (Dollars in thousands) Current Past Due Past Due Total Commercial real estate $ 23,733 $ — $ — $ 23,733 1-4 family residential 98 — — 98 Commercial 20,073 1,422 1,909 23,404 Consumer 18 — — 18 $ 43,922 $ 1,422 $ 1,909 $ 47,253

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	9 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill and Intangible Assets	Goodwill and intangible assets consist of the following: (Dollars in thousands) September 30, 2024 December 31, 2023 Goodwill $ 233,709 $ 233,709 September 30, 2024 December 31, 2023 (Dollars in thousands) Gross Carrying Accumulated Net Carrying Gross Carrying Accumulated Net Carrying Core deposit intangibles $ 43,578 $ (39,757) $ 3,821 $ 43,578 $ (38,084) $ 5,494 Customer relationship intangibles 29,954 (22,311) 7,643 29,954 (19,901) 10,053 Software intangible assets 16,932 (14,110) 2,822 16,932 (10,935) 5,997 Other intangible assets 5,650 (2,620) 3,030 3,498 (1,396) 2,102 $ 96,114 $ (78,798) $ 17,316 $ 93,962 $ (70,316) $ 23,646
Schedule of Changes in Goodwill and Intangible Assets	The changes in goodwill and intangible assets during the three and nine months ended September 30, 2024 and 2023 are as follows: Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands) 2024 2023 2024 2023 Beginning balance $ 254,652 $ 262,958 $ 257,355 $ 265,767 Acquired intangible assets — — 2,920 3,042 Amortization of intangibles (3,600) (2,849) (9,193) (8,700) Amortization of intangibles included in lease income (27) — (57) — Ending balance $ 251,025 $ 260,109 $ 251,025 $ 260,109

VARIABLE INTEREST ENTITIES (Tab

VARIABLE INTEREST ENTITIES (Tables)	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Closed Collateralized Loan Obligation ("CLO") Funds	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, 2024
Commitments and Contingencies Disclosure [Abstract]
Schedule of Financial Instruments with Off-Balance Sheet Risk	The contractual amounts of financial instruments with off-balance sheet risk were as follows: September 30, 2024 December 31, 2023 (Dollars in thousands) Fixed Rate Variable Rate Total Fixed Rate Variable Rate Total Unused lines of credit $ 76,729 $ 289,897 $ 366,626 $ 53,822 $ 527,300 $ 581,122 Standby letters of credit $ 17,258 $ 6,910 $ 24,168 $ 15,013 $ 9,356 $ 24,369 Commitments to purchase loans $ — $ 10,272 $ 10,272 $ — $ 17,125 $ 17,125 Mortgage warehouse commitments $ — $ 791,828 $ 791,828 $ — $ 895,896 $ 895,896
Schedule of 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) 2024 2023 2024 2023 Credit loss expense (benefit) $ (1,132) $ (253) $ (30) $ (596)

FAIR VALUE DISCLOSURES (Tables)

FAIR VALUE DISCLOSURES (Tables)	9 Months Ended
	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Schedule of 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, 2024 Level 1 Level 2 Level 3 Assets measured at fair value on a recurring basis Securities available for sale Mortgage-backed securities, residential $ — $ 75,149 $ — $ 75,149 Asset-backed securities — 924 — 924 State and municipal — 3,443 — 3,443 CLO securities — 322,088 — 322,088 Corporate bonds — 275 — 275 SBA pooled securities — 1,307 — 1,307 $ — $ 403,186 $ — $ 403,186 Equity securities with readily determinable fair values Mutual fund $ 4,583 $ — $ — $ 4,583 Loans held for sale $ — $ 26 $ — $ 26 Indemnification asset $ — $ — $ 883 $ 883 Revenue share asset $ — $ — $ 2,904 $ 2,904 (Dollars in thousands) Fair Value Measurements Using Total December 31, 2023 Level 1 Level 2 Level 3 Assets measured at fair value on a recurring basis Securities available for sale Mortgage-backed securities, residential $ — $ 55,839 $ — $ 55,839 Asset-backed securities — 1,170 — 1,170 State and municipal — 4,515 — 4,515 CLO Securities — 236,291 — 236,291 Corporate bonds — 275 — 275 SBA pooled securities — 1,554 — 1,554 $ — $ 299,644 $ — $ 299,644 Equity securities with readily determinable fair values Mutual fund $ 4,488 $ — $ — $ 4,488 Loans held for sale $ — $ 1,236 $ — $ 1,236 Indemnification asset $ — $ — $ 1,497 $ 1,497 Revenue share asset $ — $ — $ 2,516 $ 2,516
Schedule of 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) 2024 2023 2024 2023 Beginning balance $ 1,088 $ 1,905 $ 1,497 $ 3,896 Indemnification asset recognized in business combination — — — — Change in fair value of indemnification asset recognized in earnings (205) (204) (614) (530) Indemnification reduction — — — (1,665) Ending balance $ 883 $ 1,701 $ 883 $ 1,701 Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands) 2024 2023 2024 2023 Beginning balance $ 2,789 $ 3,053 $ 2,516 $ 5,515 Revenue share asset recognized — — — — Change in fair value of revenue share asset recognized in earnings 416 (78) 1,295 (1,867) Revenue share payments received (301) (279) (907) (952) Ending balance $ 2,904 $ 2,696 $ 2,904 $ 2,696
Schedule of 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, 2024 and December 31, 2023. (Dollars in thousands) Fair Value Measurements Using Total September 30, 2024 Level 1 Level 2 Level 3 Collateral dependent loans Commercial real estate $ — $ — $ 783 $ 783 1-4 family residential — — 21 21 Commercial — — 27,869 27,869 Factored receivables — — 31,855 31,855 $ — $ — $ 60,528 $ 60,528 (Dollars in thousands) Fair Value Measurements Using Total December 31, 2023 Level 1 Level 2 Level 3 Collateral dependent loans Commercial real estate $ — $ — $ 1,480 $ 1,480 1-4 family residential — — 37 37 Commercial — — 20,870 20,870 Factored receivables — — 32,860 32,860 $ — $ — $ 55,247 $ 55,247
Schedule of 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, 2024 and December 31, 2023 were as follows: (Dollars in thousands) Carrying Fair Value Measurements Using Total September 30, 2024 Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 489,280 $ 489,280 $ — $ — $ 489,280 Securities - held to maturity 2,121 — — 2,503 2,503 Loans not previously presented, gross 4,272,439 60,618 — 4,166,626 4,227,244 FHLB and other restricted stock 7,112 N/A N/A N/A N/A Accrued interest receivable 41,591 41,591 — — 41,591 Financial liabilities: Deposits 4,706,694 — 4,703,215 — 4,703,215 Federal Home Loan Bank advances 30,000 — 30,000 — 30,000 Subordinated notes 109,072 — 95,793 — 95,793 Junior subordinated debentures 42,196 — 43,443 — 43,443 Accrued interest payable 7,943 7,943 — — 7,943 (Dollars in thousands) Carrying Fair Value Measurements Using Total December 31, 2023 Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 286,635 $ 286,635 $ — $ — $ 286,635 Securities - held to maturity 2,977 — — 4,015 4,015 Loans not previously presented, gross 4,107,853 105,145 — 3,944,193 4,049,338 FHLB and other restricted stock 14,278 N/A N/A N/A N/A Accrued interest receivable 34,597 34,597 — — 34,597 Financial liabilities: Deposits 3,977,478 — 3,971,391 — 3,971,391 Federal Home Loan Bank advances 255,000 — 255,000 — 255,000 Subordinated notes 108,678 — 90,084 — 90,084 Junior subordinated debentures 41,740 — 43,072 — 43,072 Accrued interest payable 7,429 7,429 — — 7,429

REGULATORY MATTERS (Tables)

REGULATORY MATTERS (Tables)	9 Months Ended
	Sep. 30, 2024
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, 2024 Amount Ratio Amount Ratio Amount Ratio Total capital (to risk weighted assets) Triumph Financial, Inc. $ 842,621 16.6% $ 405,546 8.0% N/A N/A TBK Bank, SSB $ 802,272 15.9% $ 403,326 8.0% $ 504,158 10.0% Tier 1 capital (to risk weighted assets) Triumph Financial, Inc. $ 688,077 13.6% $ 304,160 6.0% N/A N/A TBK Bank, SSB $ 760,029 15.1% $ 302,495 6.0% $ 403,326 8.0% Common equity Tier 1 capital (to risk weighted assets) Triumph Financial, Inc. $ 600,881 11.9% $ 228,120 4.5% N/A N/A TBK Bank, SSB $ 760,029 15.1% $ 226,871 4.5% $ 327,703 6.5% Tier 1 capital (to average assets) Triumph Financial, Inc. $ 688,077 12.2% $ 225,354 4.0% N/A N/A TBK Bank, SSB $ 760,029 13.5% $ 225,191 4.0% $ 281,489 5.0% As of December 31, 2023 Total capital (to risk weighted assets) Triumph Financial, Inc. $ 806,667 16.7% $ 385,370 8.0% N/A N/A TBK Bank, SSB $ 758,656 15.9% $ 382,508 8.0% $ 478,135 10.0% Tier 1 capital (to risk weighted assets) Triumph Financial, Inc. $ 661,833 13.7% $ 289,027 6.0% N/A N/A TBK Bank, SSB $ 725,383 15.2% $ 286,881 6.0% $ 382,508 8.0% Common equity Tier 1 capital (to risk weighted assets) Triumph Financial, Inc. $ 575,093 11.9% $ 216,770 4.5% N/A N/A TBK Bank, SSB $ 725,383 15.2% $ 215,161 4.5% $ 310,787 6.5% Tier 1 capital (to average assets) Triumph Financial, Inc. $ 661,833 12.6% $ 209,518 4.0% N/A N/A TBK Bank, SSB $ 725,383 13.9% $ 209,406 4.0% $ 261,758 5.0%

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
Schedule 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, 2024 December 31, 2023 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, 2024 December 31, 2023 Shares authorized 50,000,000 50,000,000 Shares issued 29,117,265 28,986,255 Treasury shares (5,729,743) (5,683,841) Shares outstanding 23,387,522 23,302,414 Par value per share $ 0.01 $ 0.01

STOCK BASED COMPENSATION (Table

STOCK BASED COMPENSATION (Tables)	9 Months Ended
	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
Schedule 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, 2024 were as follows: Nonvested RSAs Shares Weighted-Average Nonvested at January 1, 2024 122,931 77.14 Granted — — Vested (73,726) 68.57 Forfeited (278) 54.52 Nonvested at September 30, 2024 48,927 90.18
Schedule 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, 2024 were as follows: Nonvested RSUs Shares Weighted-Average Nonvested at January 1, 2024 230,034 63.30 Granted 75,571 72.70 Vested (69,623) 65.26 Forfeited (6,089) 56.89 Nonvested at September 30, 2024 229,893 65.97
Schedule 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, 2024 were as follows: Nonvested Market Based PSUs Shares Weighted-Average Nonvested at January 1, 2024 116,080 $ 81.74 Granted 63,720 114.72 Performance adjustment (2,841) — Vested (8,987) 98.03 Forfeited (192) 98.03 Nonvested at September 30, 2024 167,780 $ 93.10
Schedule of Fair Value of Market Based Performance Stock Units, Weighted Average Assumptions	The fair value of the Market Based PSUs granted was determined using the following weighted-average assumptions: Nine Months Ended September 30, 2024 2023 Grant date May 1, 2023 May 1, 2023 Performance period 3.00 years 3.00 years Stock price $ 72.00 $ 51.25 Triumph Financial stock price volatility 42.31 % 49.33 % Risk-free rate 4.67 % 3.76 %
Schedule 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, 2024 were as follows: Stock Options Shares Weighted-Average Weighted-Average Aggregate Outstanding at January 1, 2024 232,994 $ 43.40 Granted 47,376 72.00 Exercised (15,751) 26.97 Forfeited or expired — — Outstanding at September 30, 2024 264,619 $ 49.50 6.27 $ 8,104 Fully vested shares and shares expected to vest at September 30, 2024 264,619 $ 49.50 6.27 $ 8,104 Shares exercisable at September 30, 2024 155,648 $ 39.12 4.50 $ 6,408
Schedule of Information Related to Stock Options	Information related to the stock options for the nine months ended September 30, 2024 and 2023 was as follows: Nine Months Ended September 30, (Dollars in thousands, except per share amounts) 2024 2023 Aggregate intrinsic value of options exercised $ 895 $ 140 Cash received from option exercises, net 425 (52) Tax benefit realized from option exercises 188 29 Weighted average fair value per share of options granted $ 37.30 $ 25.20
Schedule of 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, 2024 2023 Risk-free interest rate 4.52 % 3.38 % Expected term 6.25 years 6.25 years Expected stock price volatility 46.50 % 45.65 % Dividend yield — —

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Schedule of 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) 2024 2023 2024 2023 Basic Net income to common stockholders $ 4,546 $ 11,993 $ 9,848 $ 29,050 Weighted average common shares outstanding 23,330,635 23,162,614 23,268,887 23,220,331 Basic earnings per common share $ 0.19 $ 0.52 $ 0.42 $ 1.25 Diluted Net income to common stockholders $ 4,546 $ 11,993 $ 9,848 $ 29,050 Weighted average common shares outstanding 23,330,635 23,162,614 23,268,887 23,220,331 Dilutive effects of: Assumed exercises of stock options 95,472 82,909 89,349 77,286 Restricted stock awards 40,259 80,841 67,805 101,842 Restricted stock units 130,331 84,137 129,047 86,844 Performance stock units - market based 128,157 47,248 117,101 85,218 Employee stock purchase program 470 1,165 1,774 908 Average shares and dilutive potential common shares 23,725,324 23,458,914 23,673,963 23,572,429 Diluted earnings per common share $ 0.19 $ 0.51 $ 0.42 $ 1.23
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, 2024 2023 2024 2023 Stock options 64,315 101,138 43,389 104,114 Restricted stock awards — — — — Restricted stock units 7,500 11,250 7,818 11,250 Performance stock units - market based — 14,424 24,798 14,424 Employee stock purchase program — — — —

REVENUE FROM CONTRACTS WITH C_2

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)	9 Months Ended
	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Payment Segment Revenue	The table below shows the Payments segment’s revenue from transaction and network fees from external customers, which are disaggregated by customer category. Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands) 2024 2023 2024 2023 Broker fee income $ 4,804 $ 3,372 $ 13,311 $ 8,335 Factor fee income 1,339 1,312 3,930 3,955 Other fee income 42 96 196 $ 280 Total fee income $ 6,185 $ 4,780 $ 17,437 $ 12,570

LESSOR OPERATING LEASES (Tables

LESSOR OPERATING LEASES (Tables)	9 Months Ended
	Sep. 30, 2024
Lessor Disclosure [Abstract]
Schedule of Revenue Recognized for Operating Leases	The table below shows the Company's revenue from operating leases, which is included in non-interest income in the Company's consolidated statements of income. Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands) 2024 2023 2024 2023 Fixed payments $ 978 $ — $ 2,073 $ — Variable payments 441 — 994 — Amortization of intangibles included in lease income (27) — (57) $ — Total fee income $ 1,392 $ — $ 3,010 $ —

BUSINESS SEGMENT INFORMATION (T

BUSINESS SEGMENT INFORMATION (Tables)	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
Schedule of Segment Reporting Information	(Dollars in thousands) Total Corporate Three months ended September 30, 2024 Banking Factoring Payments Segments and Other (1) Consolidated Total interest income $ 67,390 $ 34,905 $ 5,693 $ 107,988 $ 87 $ 108,075 Intersegment interest allocations 6,711 (9,280) 2,569 — — — Total interest expense 16,976 — — 16,976 2,400 19,376 Net interest income (expense) 57,125 25,625 8,262 91,012 (2,313) 88,699 Credit loss expense (benefit) 3,719 328 (5) 4,042 221 4,263 Net interest income after credit loss expense 53,406 25,297 8,267 86,970 (2,534) 84,436 Noninterest income 7,538 2,170 6,322 16,030 1,467 17,497 Noninterest expense 32,009 19,969 16,598 68,576 27,070 95,646 Net intersegment noninterest income (expense) (2) 139 465 (604) — — — Net income (loss) before income tax expense $ 29,074 $ 7,963 $ (2,613) $ 34,424 $ (28,137) $ 6,287 (Dollars in thousands) Total Corporate Three months ended September 30, 2023 Banking Factoring Payments Segments and Other (1) Consolidated Total interest income $ 68,328 $ 34,244 $ 4,917 $ 107,489 $ 44 $ 107,533 Intersegment interest allocations 8,330 (9,664) 1,334 — — — Total interest expense 13,723 — — 13,723 2,483 16,206 Net interest income (expense) 62,935 24,580 6,251 93,766 (2,439) 91,327 Credit loss expense (benefit) 410 375 14 799 13 812 Net interest income after credit loss expense 62,525 24,205 6,237 92,967 (2,452) 90,515 Noninterest income 5,978 2,546 4,817 13,341 69 13,410 Noninterest expense 31,503 18,371 14,556 64,430 21,829 86,259 Net intersegment noninterest income (expense) (2) — 242 (242) — — — Net income (loss) before income tax expense $ 37,000 $ 8,622 $ (3,744) $ 41,878 $ (24,212) $ 17,666 (Dollars in thousands) Total Corporate Nine months ended September 30, 2024 Banking Factoring Payments Segments and Other (1) Consolidated Total interest income $ 198,284 $ 101,964 $ 16,571 $ 316,819 $ 218 $ 317,037 Intersegment interest allocations 20,643 (27,383) 6,740 — — — Total interest expense 47,193 — — 47,193 7,195 54,388 Net interest income (expense) 171,734 74,581 23,311 269,626 (6,977) 262,649 Credit loss expense (benefit) 10,207 3,859 55 14,121 193 14,314 Net interest income after credit loss expense 161,527 70,722 23,256 255,505 (7,170) 248,335 Noninterest income 21,613 7,089 17,732 46,434 3,229 49,663 Noninterest expense 96,003 59,357 50,153 205,513 77,847 283,360 Net intersegment noninterest income (expense) (2) 397 1,227 (1,624) — — — Net income (loss) before income tax expense $ 87,534 $ 19,681 $ (10,789) $ 96,426 $ (81,788) $ 14,638 (Dollars in thousands) Total Corporate Nine months ended September 30, 2023 Banking Factoring Payments Segments and Other (1) Consolidated Total interest income $ 193,678 $ 108,769 $ 11,115 $ 313,562 $ 131 $ 313,693 Intersegment interest allocations 23,420 (28,176) 4,756 — — — Total interest expense 30,305 — — 30,305 7,228 37,533 Net interest income (expense) 186,793 80,593 15,871 283,257 (7,097) 276,160 Credit loss expense (benefit) 3,164 2,405 55 5,624 444 6,068 Net interest income after credit loss expense 183,629 78,188 15,816 277,633 (7,541) 270,092 Noninterest income 17,998 5,104 12,643 35,745 198 35,943 Noninterest expense 95,677 60,358 46,912 202,947 62,989 265,936 Net intersegment noninterest income (expense) (2) — (120) 120 — — — Net income (loss) before income tax expense $ 105,950 $ 22,814 $ (18,333) $ 110,431 $ (70,332) $ 40,099 (1) Includes revenue and expense from the Company’s holding company, which does not meet the definition of an operating segment. Also includes corporate shared service costs such as 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. (2) Net intersegment noninterest income (expense) includes: (Dollars in thousands) Banking Factoring Payments Three Months Ended September 30, 2024 Factoring revenue received from Payments $ — $ 864 $ (864) Payments revenue received from Factoring — (289) 289 Banking revenue received from Payments and Factoring 139 (110) (29) Net intersegment noninterest income (expense) $ 139 $ 465 $ (604) Three Months Ended September 30, 2023 Factoring revenue received from Payments $ — $ 510 $ (510) Payments revenue received from Factoring — (268) 268 Banking revenue received from Payments and Factoring — — — Net intersegment noninterest income (expense) $ — $ 242 $ (242) Nine months ended September 30, 2024 Factoring revenue received from Payments $ — $ 2,364 $ (2,364) Payments revenue received from Factoring — (818) 818 Banking revenue received from Payments and Factoring 397 (319) (78) Net intersegment noninterest income (expense) $ 397 $ 1,227 $ (1,624) Nine months ended September 30, 2023 Factoring revenue received from Payments $ — $ 680 $ (680) Payments revenue received from Factoring — (800) 800 Banking revenue received from Payments and Factoring — — — Net intersegment noninterest income (expense) $ — $ (120) $ 120 Total assets and gross loans below include intersegment loans, which eliminate in consolidation. (Dollars in thousands) Total Corporate September 30, 2024 Banking Factoring Payments Segments and Other Eliminations Consolidated Total assets $ 5,357,731 $ 1,165,591 $ 526,467 $ 7,049,789 $ 1,151,899 $ (2,335,642) $ 5,866,046 Gross loans $ 3,716,900 $ 1,033,783 $ 169,862 $ 4,920,545 $ — $ (587,578) $ 4,332,967 (Dollars in thousands) Total Corporate December 31, 2023 Banking Factoring Payments Segments and Other Eliminations Consolidated Total assets $ 4,918,527 $ 1,077,367 $ 546,985 $ 6,542,879 $ 1,056,646 $ (2,252,191) $ 5,347,334 Gross loans $ 3,595,527 $ 941,926 $ 174,728 $ 4,712,181 $ — $ (549,081) $ 4,163,100

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	9 Months Ended
	Sep. 30, 2024 segment
Accounting Policies [Abstract]
Number of reportable segments	3

SECURITIES - Narrative (Details

SECURITIES - Narrative (Details) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024 USD ($) security	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) security investment	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($) investment
Debt and Equity Securities, FV-NI [Line Items]
Equity securities with readily determinable fair values	$ 4,583		$ 4,583		$ 4,488
Equity securities without readily determinable fair values, carrying amount	71,765		71,765		75,977
Accrued interest on available for sale securities	$ 5,515		$ 5,515		$ 3,789
Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]	Other assets		Other assets		Other assets
Debt securities, available-for-sale, accrued interest writeoff	$ 0	$ 0	$ 0	$ 0
Number of securities in an unrealized loss position | security	84		84
Unrealized losses recognized			$ 0
Number of investments | investment			3		3
Debt securities, held-to-maturity, nonaccrual	$ 4,187		$ 4,187
Trax Group, Inc.
Debt and Equity Securities, FV-NI [Line Items]
Equity securities without readily determinable fair values, carrying amount	9,700		9,700
Warehouse Solutions Inc.
Debt and Equity Securities, FV-NI [Line Items]
Equity securities without readily determinable fair values, carrying amount	38,088		38,088
Asset Pledged as Collateral
Debt and Equity Securities, FV-NI [Line Items]
Debt securities	$ 24,681		$ 24,681		$ 42,445

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, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Unrealized gains (losses) on equity securities held at the reporting date	$ 161	$ (137)	$ 95	$ (137)
Realized gains (losses) on equity securities sold during the period	0	0	0	18
Gross realized and unrealized gains (losses) recognized on equity securities	$ 161	$ (137)	$ 95	$ (119)

SECURITIES - Schedule of Equity

SECURITIES - Schedule of Equity Securities without Readily Determinable Fair Value (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Equity Securities without readily determinable fair value, at cost	$ 61,602	$ 65,814
Upward adjustments based on observable price changes, cumulative	10,163	10,163
Equity Securities without readily determinable fair value, carrying value	$ 71,765	$ 75,977

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, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Unrealized gains (losses) on equity securities still held at the reporting date	$ 0	$ 0	$ 0	$ 0
Realized gains (losses) on equity securities sold during the period	0	0	534	0
Equity securities without readily determinable fair value, upward price adjustment, annual amount	$ 0	$ 0	$ 534	$ 0

SECURITIES - Schedule of Amorti

SECURITIES - Schedule of Amortized Cost of Securities and Their Estimated Fair Values (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Available for sale securities:
Amortized Cost	$ 405,577		$ 303,553
Gross Unrealized Gains	1,588		1,369
Gross Unrealized Losses	(3,979)		(5,278)
Allowance for Credit Losses	0		0
Fair Value	403,186		299,644
Held to maturity securities:
Fair Value	2,503		4,015
Allowance for credit losses	(3,383)	$ (3,162)	(3,190)	$ (2,890)	$ (2,876)	$ (2,444)
Total held to maturity securities, net of ACL	2,121		2,977
Mortgage-backed securities, residential
Available for sale securities:
Amortized Cost	78,585		60,411
Gross Unrealized Gains	364		221
Gross Unrealized Losses	(3,800)		(4,793)
Allowance for Credit Losses	0		0
Fair Value	75,149		55,839
Asset-backed securities
Available for sale securities:
Amortized Cost	926		1,188
Gross Unrealized Gains	0		0
Gross Unrealized Losses	(2)		(18)
Allowance for Credit Losses	0		0
Fair Value	924		1,170
State and municipal
Available for sale securities:
Amortized Cost	3,487		4,560
Gross Unrealized Gains	1		1
Gross Unrealized Losses	(45)		(46)
Allowance for Credit Losses	0		0
Fair Value	3,443		4,515
CLO securities
Available for sale securities:
Amortized Cost	320,948		235,484
Gross Unrealized Gains	1,209		1,137
Gross Unrealized Losses	(69)		(330)
Allowance for Credit Losses	0		0
Fair Value	322,088		236,291
Held to maturity securities:
Amortized Cost	5,504		6,167
Gross Unrealized Gains	0		30
Gross Unrecognized Losses	(3,001)		(2,182)
Fair Value	2,503		4,015
Allowance for credit losses	(3,383)		(3,190)
Total held to maturity securities, net of ACL	2,121		2,977
Corporate bonds
Available for sale securities:
Amortized Cost	267		268
Gross Unrealized Gains	8		7
Gross Unrealized Losses	0		0
Allowance for Credit Losses	0		0
Fair Value	275		275
SBA pooled securities
Available for sale securities:
Amortized Cost	1,364		1,642
Gross Unrealized Gains	6		3
Gross Unrealized Losses	(63)		(91)
Allowance for Credit Losses	0		0
Fair Value	$ 1,307		$ 1,554

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, 2024	Dec. 31, 2023
Available for Sale Securities, Amortized Cost
Due in one year or less, amortized cost	$ 572
Due from one year to five years, amortized cost	2,152
Due from five years to ten years, amortized cost	49,051
Due after ten years, amortized cost	272,927
Available for sale securities, with single maturity date, amortized cost	324,702
Amortized Cost	405,577	$ 303,553
Available for Sale Securities, Fair Value
Due in one year or less, fair value	573
Due from one year to five years, fair value	2,130
Due from five years to ten years, fair value	49,164
Due after ten years, fair value	273,939
Available for sale securities, with single maturity date, fair value	325,806
Available for Sale Securities, Fair Value	403,186	299,644
Held to Maturity Securities, Amortized Cost
Due in one year or less, amortized cost	0
Due from one year to five years, amortized cost	5,504
Due from five years to ten years, amortized cost	0
Due after ten years, amortized cost	0
Held to maturity securities, with single maturity date, amortized cost	5,504
Amortized Cost	5,504
Held to Maturity Securities, Fair Value
Due in one year or less, fair value	0
Due from one year to five years, fair value	2,503
Due from five years to ten years, fair value	0
Due after ten years, fair value	0
Held to maturity securities, with single maturity date, fair value	2,503
Held to Maturity Securities, Fair Value	2,503	4,015
Mortgage-backed securities, residential
Available for Sale Securities, Amortized Cost
Available for sale securities, without single maturity date, amortized cost	78,585
Amortized Cost	78,585	60,411
Available for Sale Securities, Fair Value
Securities- held to maturity, net of allowance for credit losses, fair value	75,149
Available for Sale Securities, Fair Value	75,149	55,839
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	926
Amortized Cost	926	1,188
Available for Sale Securities, Fair Value
Securities- held to maturity, net of allowance for credit losses, fair value	924
Available for Sale Securities, Fair Value	924	1,170
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	1,364
Amortized Cost	1,364	1,642
Available for Sale Securities, Fair Value
Securities- held to maturity, net of allowance for credit losses, fair value	1,307
Available for Sale Securities, Fair Value	1,307	$ 1,554
Held to Maturity Securities, Amortized Cost
Held to maturity securities, without single maturity date, amortized cost	0
Held to Maturity Securities, Fair Value
Held to maturity securities, without single maturity date, fair value	$ 0

SECURITIES - Schedule of Procee

SECURITIES - Schedule of Proceeds from Sales of Debt Securities and the Associated Gross Gains and Losses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Proceeds	$ 0	$ 10,005	$ 0	$ 14,005
Gross gains	0	5	0	5
Gross losses	0	0	0	0
Net gains and losses from calls of securities	$ 0	$ 0	$ 0	$ 0

SECURITIES - Schedule of Availa

SECURITIES - Schedule of Available-for-Sale Debt Securities in an Unrealized Loss Position with No Allowance (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, fair value	$ 58,300	$ 18,094
Less than 12 months, unrealized losses	(143)	(365)
12 months or more, fair value	31,415	79,103
12 months or more, unrealized losses	(3,836)	(4,913)
Total, fair value	89,715	97,197
Total, unrealized losses	(3,979)	(5,278)
Mortgage-backed securities, residential
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, fair value	11,293	13,157
Less than 12 months, unrealized losses	(74)	(312)
12 months or more, fair value	27,469	32,885
12 months or more, unrealized losses	(3,726)	(4,481)
Total, fair value	38,762	46,042
Total, unrealized losses	(3,800)	(4,793)
Asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, fair value	0	1,170
Less than 12 months, unrealized losses	0	(18)
12 months or more, fair value	924	0
12 months or more, unrealized losses	(2)	0
Total, fair value	924	1,170
Total, unrealized losses	(2)	(18)
State and municipal
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, fair value	513	975
Less than 12 months, unrealized losses	0	(13)
12 months or more, fair value	2,031	2,424
12 months or more, unrealized losses	(45)	(33)
Total, fair value	2,544	3,399
Total, unrealized losses	(45)	(46)
CLO securities
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, fair value	46,494	2,576
Less than 12 months, unrealized losses	(69)	(13)
12 months or more, fair value	0	42,735
12 months or more, unrealized losses	0	(317)
Total, fair value	46,494	45,311
Total, unrealized losses	(69)	(330)
Corporate bonds
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, fair value	0	0
Less than 12 months, unrealized losses	0	0
12 months or more, fair value	0	0
12 months or more, unrealized losses	0	0
Total, fair value	0	0
Total, unrealized losses	0	0
SBA pooled securities
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, fair value	0	216
Less than 12 months, unrealized losses	0	(9)
12 months or more, fair value	991	1,059
12 months or more, unrealized losses	(63)	(82)
Total, fair value	991	1,275
Total, unrealized losses	$ (63)	$ (91)

SECURITIES - Schedule of Activi

SECURITIES - Schedule 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, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Held to Maturity CLO Securities
Beginning balance	$ 3,162	$ 2,876	$ 3,190	$ 2,444
Credit loss expense	221	14	193	446
Allowance for credit losses ending balance	$ 3,383	$ 2,890	$ 3,383	$ 2,890

LOANS AND ALLOWANCE FOR CREDI_3

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Schedule of Loans Held for Sale (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for sale	$ 26	$ 1,236
1-4 family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for sale	996	1,230
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for sale	$ (970)	$ 6

LOANS AND ALLOWANCE FOR CREDI_4

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Schedule of Amortized Cost and Unpaid Principal for Loans Held for Investment (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost	$ 4,332,967	$ 4,163,100
Unpaid Principal	4,340,202	4,173,618
Difference	(7,235)	(10,518)
Allowance for credit losses	(41,243)	(35,219)
Loans, net	4,291,724	4,127,881
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost	762,343	812,704
Unpaid Principal	762,639	813,623
Difference	(296)	(919)
Construction, land development, land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost	217,148	136,720
Unpaid Principal	217,729	137,209
Difference	(581)	(489)
1-4 family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost	126,103	125,916
Unpaid Principal	126,284	126,096
Difference	(181)	(180)
Farmland
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost	57,621	63,568
Unpaid Principal	57,708	63,728
Difference	(87)	(160)
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost	1,093,477	1,170,365
Unpaid Principal	1,095,179	1,176,243
Difference	(1,702)	(5,878)
Factored receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost	1,201,495	1,116,654
Unpaid Principal	1,205,881	1,119,544
Difference	(4,386)	(2,890)
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost	6,990	8,326
Unpaid Principal	6,992	8,328
Difference	(2)	(2)
Mortgage warehouse
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost	867,790	728,847
Unpaid Principal	867,790	728,847
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, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Premiums and discounts on acquired loans	$ 3,404		$ 3,404			$ 6,861
Net deferred origination and factoring fees	3,831		3,831			3,657
Accrued interest on loans	35,076		35,076			30,686
Misdirected payments	4,332,967		4,332,967			4,163,100
Pledged loans	1,435,460		1,435,460			1,588,532
Credit loss expense	4,263	$ 812	14,314	$ 6,068
ACL allocation	41,243		41,243			35,219
Total past due advances	90,950		90,950			45,677
Interest earned on nonaccrual loans	0	0	0	0
Commitments to lend	0		0
Loans to borrowers experiencing financial difficulty that had payment default	1,909	0	1,909	0
Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Misdirected payments	50,534		50,534			33,464
Loans Held for Investment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Net charge-offs	3,522	1,206	8,127	14,210
Credit loss expense	5,174	1,051	14,151	6,218
ACL allocation	41,243	34,815	41,243	34,815	$ 39,591	35,219	$ 34,970	$ 42,807
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	531	164	2,539	561
Increase (decrease) in allowance for credit losses due to changes in loan volume and mix	(1,068)	395	0	179
Increase (decrease) in allowance for credit losses due to increase (decrease) in specific reserves	2,189	(714)	3,543	(8,732)
Factored receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Customer reserves associated with factored receivables	226,986		226,986			253,492
Misdirected payments	1,201,495		1,201,495			1,116,654
Total past due advances	2,150		2,150			0
Factored receivables | Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Misdirected payments	24,595		24,595			26,332
Factored receivables | Over-Formula Advances
Accounts, Notes, Loans and Financing Receivable [Line Items]
Misdirected payments	1,860		1,860			3,151
Factored receivables | Over-Formula Advances | Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total past due advances	1,860		1,860			3,151
Factored receivables | Misdirected Payments Receivable | United States Postal Service
Accounts, Notes, Loans and Financing Receivable [Line Items]
Misdirected payments	19,361		19,361			19,361
ACL allocation	0		0			0
Factored receivables | Loans Held for Investment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit loss expense	323	389	3,045	2,460
ACL allocation	11,570	12,624	11,570	12,624	11,928	11,896	13,441	19,121
1-4 family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Misdirected payments	126,103		126,103			125,916
Total past due advances	959		959			1,178
1-4 family residential | Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Misdirected payments	404		404			309
1-4 family residential | Loans Held for Investment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit loss expense	15	(8)	71	195
ACL allocation	970	1,039	970	1,039	972	927	1,046	838
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			0
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Misdirected payments	1,093,477		1,093,477			1,170,365
Total past due advances	74,190		74,190			40,951
Commercial | Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Misdirected payments	17,715		17,715			5,423
Commercial | Loans Held for Investment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit loss expense	4,489	(44)	9,558	2,271
ACL allocation	$ 19,966	$ 12,789	$ 19,966	$ 12,789	$ 17,372	$ 14,060	$ 12,977	$ 15,918

LOANS AND ALLOWANCE FOR CREDI_6

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Schedule of Allowance for Loan and Lease Losses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance			$ 35,219
Credit Loss Expense	$ 4,263	$ 812	14,314	$ 6,068
Charge-offs			(9,188)		$ (21,477)
Ending Balance	41,243		41,243		35,219
Loans Held for Investment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	39,591	34,970	35,219	42,807	42,807
Credit Loss Expense	5,174	1,051	14,151	6,218
Charge-offs	(3,827)	(1,825)	(9,188)	(15,560)
Recoveries	305	619	1,061	1,350
Ending Balance	41,243	34,815	41,243	34,815	35,219
Commercial real estate
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Charge-offs			(831)		(108)
Commercial real estate | Loans Held for Investment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	5,438	4,783	6,030	4,459	4,459
Credit Loss Expense	(206)	1,008	(798)	1,262
Charge-offs	(831)	(16)	(831)	(16)
Recoveries	0	0	0	70
Ending Balance	4,401	5,775	4,401	5,775	6,030
Construction, land development, land
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Charge-offs			0		0
Construction, land development, land | Loans Held for Investment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	2,596	1,235	965	1,155	1,155
Credit Loss Expense	333	(5)	1,963	73
Charge-offs	0	0	0	0
Recoveries	0	2	1	4
Ending Balance	2,929	1,232	2,929	1,232	965
1-4 family residential
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Charge-offs			(32)		(5)
1-4 family residential | Loans Held for Investment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	972	1,046	927	838	838
Credit Loss Expense	15	(8)	71	195
Charge-offs	(18)	0	(32)	(5)
Recoveries	1	1	4	11
Ending Balance	970	1,039	970	1,039	927
Farmland
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Charge-offs			0		0
Farmland | Loans Held for Investment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	395	476	442	483	483
Credit Loss Expense	(1)	(42)	(48)	(49)
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Ending Balance	394	434	394	434	442
Commercial
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Charge-offs			(3,734)		(9,804)
Commercial | Loans Held for Investment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	17,372	12,977	14,060	15,918	15,918
Credit Loss Expense	4,489	(44)	9,558	2,271
Charge-offs	(1,913)	(213)	(3,734)	(5,559)
Recoveries	18	69	82	159
Ending Balance	19,966	12,789	19,966	12,789	14,060
Factored receivables
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Charge-offs			(4,283)		(10,997)
Factored receivables | Loans Held for Investment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	11,928	13,441	11,896	19,121	19,121
Credit Loss Expense	323	389	3,045	2,460
Charge-offs	(951)	(1,453)	(4,283)	(9,566)
Recoveries	270	247	912	609
Ending Balance	11,570	12,624	11,570	12,624	11,896
Consumer
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Charge-offs			(308)		(563)
Consumer | Loans Held for Investment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	156	166	171	175	175
Credit Loss Expense	88	(157)	221	(92)
Charge-offs	(114)	(143)	(308)	(414)
Recoveries	16	300	62	497
Ending Balance	146	166	146	166	171
Mortgage warehouse
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Charge-offs			0		0
Mortgage warehouse | Loans Held for Investment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	734	846	728	658	658
Credit Loss Expense	133	(90)	139	98
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Ending Balance	$ 867	$ 756	$ 867	$ 756	$ 728

LOANS AND ALLOWANCE FOR CREDI_7

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Schedule of Individual and Collective Allowance for Credit Losses on Financing Receivables and Loan Balances (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Financing Receivable, Allowance for Credit Loss [Line Items]
ACL Allocation	$ 41,243	$ 35,219
Collateral dependent loans
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost basis of collateral dependent loans	129,005	85,325
ACL Allocation	14,473	10,929
Commercial real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost basis of collateral dependent loans	11,413	2,518
ACL Allocation	28	777
Construction, land development, land
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost basis of collateral dependent loans	0	0
ACL Allocation	0	0
1-4 family residential
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost basis of collateral dependent loans	959	1,178
ACL Allocation	66	113
Farmland
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost basis of collateral dependent loans	2,106	968
ACL Allocation	0	0
Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost basis of collateral dependent loans	76,647	40,951
ACL Allocation	8,451	3,322
Factored receivables
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost basis of collateral dependent loans	37,748	39,577
ACL Allocation	5,928	6,717
Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost basis of collateral dependent loans	132	133
ACL Allocation	0	0
Mortgage warehouse
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost basis of collateral dependent loans	0	0
ACL Allocation	0	0
Real Estate | Collateral dependent loans
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost basis of collateral dependent loans	12,241	4,885
Real Estate | Commercial real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost basis of collateral dependent loans	7,110	2,518
Real Estate | Construction, land development, land
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost basis of collateral dependent loans	0	0
Real Estate | 1-4 family residential
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost basis of collateral dependent loans	959	1,156
Real Estate | Farmland
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost basis of collateral dependent loans	1,976	291
Real Estate | Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost basis of collateral dependent loans	2,196	920
Real Estate | Factored receivables
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost basis of collateral dependent loans	0	0
Real Estate | Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost basis of collateral dependent loans	0	0
Real Estate | Mortgage warehouse
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost basis of collateral dependent loans	0	0
Accounts Receivable | Collateral dependent loans
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost basis of collateral dependent loans	37,748	39,577
Accounts Receivable | Commercial real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost basis of collateral dependent loans	0	0
Accounts Receivable | Construction, land development, land
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost basis of collateral dependent loans	0	0
Accounts Receivable | 1-4 family residential
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost basis of collateral dependent loans	0	0
Accounts Receivable | Farmland
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost basis of collateral dependent loans	0	0
Accounts Receivable | Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost basis of collateral dependent loans	0	0
Accounts Receivable | Factored receivables
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost basis of collateral dependent loans	37,748	39,577
Accounts Receivable | Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost basis of collateral dependent loans	0	0
Accounts Receivable | Mortgage warehouse
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost basis of collateral dependent loans	0	0
Equipment | Collateral dependent loans
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost basis of collateral dependent loans	53,251	18,259
Equipment | Commercial real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost basis of collateral dependent loans	0	0
Equipment | Construction, land development, land
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost basis of collateral dependent loans	0	0
Equipment | 1-4 family residential
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost basis of collateral dependent loans	0	0
Equipment | Farmland
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost basis of collateral dependent loans	77	0
Equipment | Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost basis of collateral dependent loans	53,174	18,259
Equipment | Factored receivables
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost basis of collateral dependent loans	0	0
Equipment | Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost basis of collateral dependent loans	0	0
Equipment | Mortgage warehouse
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost basis of collateral dependent loans	0	0
Other | Collateral dependent loans
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost basis of collateral dependent loans	25,765	22,604
Other | Commercial real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost basis of collateral dependent loans	4,303	0
Other | Construction, land development, land
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost basis of collateral dependent loans	0	0
Other | 1-4 family residential
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost basis of collateral dependent loans	0	22
Other | Farmland
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost basis of collateral dependent loans	53	677
Other | Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost basis of collateral dependent loans	21,277	21,772
Other | Factored receivables
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost basis of collateral dependent loans	0	0
Other | Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost basis of collateral dependent loans	132	133
Other | Mortgage warehouse
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost basis of collateral dependent loans	$ 0	$ 0

LOANS AND ALLOWANCE FOR CREDI_8

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Schedule of Contractually Past Due and Nonaccrual Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	$ 4,332,967	$ 4,163,100
Past Due 90 Days or More and Accruing	24,595	26,332
Total Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	113,705	83,069
Past Due 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	46,653	37,659
Past Due 60-90 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	16,518	11,946
Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	50,534	33,464
Current
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	4,219,262	4,080,031
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	762,343	812,704
Past Due 90 Days or More and Accruing	0	0
Commercial real estate | Total Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	12,835	1,443
Commercial real estate | Past Due 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	5,163	0
Commercial real estate | Past Due 60-90 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	0	74
Commercial real estate | Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	7,672	1,369
Commercial real estate | Current
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	749,508	811,261
Construction, land development, land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	217,148	136,720
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]
Gross loans	0	0
Construction, land development, land | Past Due 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	0	0
Construction, land development, land | Past Due 60-90 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	0	0
Construction, land development, land | Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	0	0
Construction, land development, land | Current
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	217,148	136,720
1-4 family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	126,103	125,916
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]
Gross loans	3,035	1,628
1-4 family residential | Past Due 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	2,054	680
1-4 family residential | Past Due 60-90 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	577	639
1-4 family residential | Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	404	309
1-4 family residential | Current
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	123,068	124,288
Farmland
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	57,621	63,568
Past Due 90 Days or More and Accruing	0	0
Farmland | Total Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	148	173
Farmland | Past Due 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	0	173
Farmland | Past Due 60-90 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	0	0
Farmland | Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	148	0
Farmland | Current
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	57,473	63,395
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,093,477	1,170,365
Past Due 90 Days or More and Accruing	0	0
Commercial | Total Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	50,194	14,707
Commercial | Past Due 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	20,828	4,585
Commercial | Past Due 60-90 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	11,651	4,699
Commercial | Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	17,715	5,423
Commercial | Current
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,043,283	1,155,658
Factored receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,201,495	1,116,654
Past Due 90 Days or More and Accruing	24,595	26,332
Factored receivables | Total Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	47,469	64,947
Factored receivables | Past Due 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	18,599	32,177
Factored receivables | Past Due 60-90 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	4,275	6,438
Factored receivables | Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	24,595	26,332
Factored receivables | Current
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,154,026	1,051,707
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	6,990	8,326
Past Due 90 Days or More and Accruing	0	0
Consumer | Total Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	24	171
Consumer | Past Due 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	9	44
Consumer | Past Due 60-90 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	15	96
Consumer | Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	0	31
Consumer | Current
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	6,966	8,155
Mortgage warehouse
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	867,790	728,847
Past Due 90 Days or More and Accruing	0	0
Mortgage warehouse | Total Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	0	0
Mortgage warehouse | Past Due 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	0	0
Mortgage warehouse | Past Due 60-90 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	0	0
Mortgage warehouse | Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	0	0
Mortgage warehouse | Current
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	$ 867,790	$ 728,847

LOANS AND ALLOWANCE FOR CREDI_9

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Schedule of Amortized Cost Basis of Loans on Nonaccrual Status (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Financing Receivable, Allowance for Credit Loss [Line Items]
Total Nonaccrual	$ 90,950	$ 45,677
Nonaccrual With No ACL	69,245	35,507
Commercial real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Total Nonaccrual	11,413	2,447
Nonaccrual With No ACL	10,602	190
Construction, land development, land
Financing Receivable, Allowance for Credit Loss [Line Items]
Total Nonaccrual	0	0
Nonaccrual With No ACL	0	0
1-4 family residential
Financing Receivable, Allowance for Credit Loss [Line Items]
Total Nonaccrual	959	1,178
Nonaccrual With No ACL	872	1,028
Farmland
Financing Receivable, Allowance for Credit Loss [Line Items]
Total Nonaccrual	2,106	968
Nonaccrual With No ACL	2,106	968
Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Total Nonaccrual	74,190	40,951
Nonaccrual With No ACL	55,533	33,188
Factored receivables
Financing Receivable, Allowance for Credit Loss [Line Items]
Total Nonaccrual	2,150	0
Nonaccrual With No ACL	0	0
Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Total Nonaccrual	132	133
Nonaccrual With No ACL	132	133
Mortgage warehouse
Financing Receivable, Allowance for Credit Loss [Line Items]
Total Nonaccrual	0	0
Nonaccrual With No ACL	$ 0	$ 0

LOANS AND ALLOWANCE FOR CRED_10

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Schedule of Accrued Interest on Non Accrual Loans Reversed Through Interest Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest reversed through interest income	$ 10	$ 86	$ 214	$ 139
Commercial real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest reversed through interest income	0	1	0	17
Construction, land development, land
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest reversed through interest income	0	0	2	0
1-4 family residential
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest reversed through interest income	4	2	5	8
Farmland
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest reversed through interest income	0	35	13	57
Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest reversed through interest income	6	47	194	55
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	0	1	0	2
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, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	$ 90,950	$ 45,677
Factored receivables greater than 90 days past due	24,595	26,332
Factored receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	2,150	0
Factored receivables greater than 90 days past due	24,595	26,332
Nonperforming Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	90,950	45,677
Total loans	113,685	68,858
Nonperforming Loans | Factored receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Factored receivables greater than 90 days past due	$ 22,735	$ 23,181

LOANS AND ALLOWANCE FOR CRED_12

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Schedule of Analysis Performed Risk Category Loans (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	$ 2,635,648	$ 2,588,343
Financing receivable, year one, originated, fiscal year before current fiscal year, gross charge-offs	3,308	6,106
Financing receivable, year two, originated, fiscal year before current fiscal year	487,283	402,096
Financing receivable, year two, originated, fiscal year before current fiscal year, gross charge-offs	3,215	6,937
Financing receivable, year three, originated, two years before current fiscal year	238,466	212,272
Financing receivable, year three, originated, two years before current fiscal year, gross charge-offs	1,009	4,505
Financing receivable, year four, originated, three years before current fiscal year	156,924	222,863
Financing receivable, year four, originated, three years before current fiscal year, gross charge-offs	766	3,832
Financing receivable, year five, originated, four years before current fiscal year	158,241	48,890
Financing receivable, year five, originated, four years before current fiscal year, gross charge-offs	704	44
Prior	98,338	87,361
Prior, gross charge-offs	186	53
Revolving Loans	557,234	600,417
Revolving loans, gross charge-offs	0	0
Revolving Loans Converted To Term Loans	833	858
Revolving loans converted to term loans, gross charge-offs	0	0
Amortized Cost	4,332,967	4,163,100
Charge-offs	9,188	21,477
Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	2,605,949	2,449,634
Financing receivable, year two, originated, fiscal year before current fiscal year	321,635	381,989
Financing receivable, year three, originated, two years before current fiscal year	213,420	204,998
Financing receivable, year four, originated, three years before current fiscal year	149,429	199,176
Financing receivable, year five, originated, four years before current fiscal year	131,588	48,703
Prior	80,343	86,456
Revolving Loans	542,458	600,200
Revolving Loans Converted To Term Loans	833	858
Amortized Cost	4,045,655	3,972,014
Classified
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	29,699	138,709
Financing receivable, year two, originated, fiscal year before current fiscal year	165,648	20,107
Financing receivable, year three, originated, two years before current fiscal year	25,046	7,274
Financing receivable, year four, originated, three years before current fiscal year	7,495	23,687
Financing receivable, year five, originated, four years before current fiscal year	26,653	187
Prior	17,995	905
Revolving Loans	14,776	217
Revolving Loans Converted To Term Loans	0	0
Amortized Cost	287,312	191,086
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	147,382	335,844
Financing receivable, year one, originated, fiscal year before current fiscal year, gross charge-offs	0	108
Financing receivable, year two, originated, fiscal year before current fiscal year	204,209	119,834
Financing receivable, year two, originated, fiscal year before current fiscal year, gross charge-offs	0	0
Financing receivable, year three, originated, two years before current fiscal year	76,786	100,114
Financing receivable, year three, originated, two years before current fiscal year, gross charge-offs	352	0
Financing receivable, year four, originated, three years before current fiscal year	93,952	117,094
Financing receivable, year four, originated, three years before current fiscal year, gross charge-offs	425	0
Financing receivable, year five, originated, four years before current fiscal year	101,790	16,388
Financing receivable, year five, originated, four years before current fiscal year, gross charge-offs	54	0
Prior	51,373	34,724
Prior, gross charge-offs	0	0
Revolving Loans	86,718	88,547
Revolving loans, gross charge-offs	0	0
Revolving Loans Converted To Term Loans	133	159
Revolving loans converted to term loans, gross charge-offs	0	0
Amortized Cost	762,343	812,704
Charge-offs	831	108
Commercial real estate | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	143,030	244,388
Financing receivable, year two, originated, fiscal year before current fiscal year	86,878	119,169
Financing receivable, year three, originated, two years before current fiscal year	76,786	98,484
Financing receivable, year four, originated, three years before current fiscal year	93,141	116,078
Financing receivable, year five, originated, four years before current fiscal year	101,123	16,351
Prior	34,311	34,724
Revolving Loans	86,718	88,547
Revolving Loans Converted To Term Loans	133	159
Amortized Cost	622,120	717,900
Commercial real estate | Classified
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	4,352	91,456
Financing receivable, year two, originated, fiscal year before current fiscal year	117,331	665
Financing receivable, year three, originated, two years before current fiscal year	0	1,630
Financing receivable, year four, originated, three years before current fiscal year	811	1,016
Financing receivable, year five, originated, four years before current fiscal year	667	37
Prior	17,062	0
Revolving Loans	0	0
Revolving Loans Converted To Term Loans	0	0
Amortized Cost	140,223	94,804
Construction, land development, land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	148,068	91,557
Financing receivable, year one, originated, fiscal year before current fiscal year, gross charge-offs	0	0
Financing receivable, year two, originated, fiscal year before current fiscal year	60,003	34,683
Financing receivable, year two, originated, fiscal year before current fiscal year, gross charge-offs	0	0
Financing receivable, year three, originated, two years before current fiscal year	860	1,668
Financing receivable, year three, originated, two years before current fiscal year, gross charge-offs	0	0
Financing receivable, year four, originated, three years before current fiscal year	969	2,996
Financing receivable, year four, originated, three years before current fiscal year, gross charge-offs	0	0
Financing receivable, year five, originated, four years before current fiscal year	266	2,928
Financing receivable, year five, originated, four years before current fiscal year, gross charge-offs	0	0
Prior	2,577	276
Prior, gross charge-offs	0	0
Revolving Loans	4,405	2,612
Revolving loans, gross charge-offs	0	0
Revolving Loans Converted To Term Loans	0	0
Revolving loans converted to term loans, gross charge-offs	0	0
Amortized Cost	217,148	136,720
Charge-offs	0	0
Construction, land development, land | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	148,068	91,557
Financing receivable, year two, originated, fiscal year before current fiscal year	60,003	34,683
Financing receivable, year three, originated, two years before current fiscal year	860	1,668
Financing receivable, year four, originated, three years before current fiscal year	969	2,996
Financing receivable, year five, originated, four years before current fiscal year	266	2,928
Prior	2,577	276
Revolving Loans	4,405	2,612
Revolving Loans Converted To Term Loans	0	0
Amortized Cost	217,148	136,720
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	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
1-4 family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	15,611	22,933
Financing receivable, year one, originated, fiscal year before current fiscal year, gross charge-offs	0	5
Financing receivable, year two, originated, fiscal year before current fiscal year	20,866	16,337
Financing receivable, year two, originated, fiscal year before current fiscal year, gross charge-offs	0	0
Financing receivable, year three, originated, two years before current fiscal year	13,984	19,641
Financing receivable, year three, originated, two years before current fiscal year, gross charge-offs	0	0
Financing receivable, year four, originated, three years before current fiscal year	17,510	7,229
Financing receivable, year four, originated, three years before current fiscal year, gross charge-offs	0	0
Financing receivable, year five, originated, four years before current fiscal year	6,405	2,502
Financing receivable, year five, originated, four years before current fiscal year, gross charge-offs	0	0
Prior	19,907	21,540
Prior, gross charge-offs	32	0
Revolving Loans	31,506	35,560
Revolving loans, gross charge-offs	0	0
Revolving Loans Converted To Term Loans	314	174
Revolving loans converted to term loans, gross charge-offs	0	0
Amortized Cost	126,103	125,916
Charge-offs	32	5
1-4 family residential | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	15,611	22,637
Financing receivable, year two, originated, fiscal year before current fiscal year	20,237	16,336
Financing receivable, year three, originated, two years before current fiscal year	13,881	19,542
Financing receivable, year four, originated, three years before current fiscal year	17,425	7,229
Financing receivable, year five, originated, four years before current fiscal year	6,405	2,462
Prior	19,487	20,950
Revolving Loans	31,205	35,373
Revolving Loans Converted To Term Loans	314	174
Amortized Cost	124,565	124,703
1-4 family residential | Classified
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	0	296
Financing receivable, year two, originated, fiscal year before current fiscal year	629	1
Financing receivable, year three, originated, two years before current fiscal year	103	99
Financing receivable, year four, originated, three years before current fiscal year	85	0
Financing receivable, year five, originated, four years before current fiscal year	0	40
Prior	420	590
Revolving Loans	301	187
Revolving Loans Converted To Term Loans	0	0
Amortized Cost	1,538	1,213
Farmland
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	13,584	13,817
Financing receivable, year one, originated, fiscal year before current fiscal year, gross charge-offs	0	0
Financing receivable, year two, originated, fiscal year before current fiscal year	6,371	13,628
Financing receivable, year two, originated, fiscal year before current fiscal year, gross charge-offs	0	0
Financing receivable, year three, originated, two years before current fiscal year	10,387	5,586
Financing receivable, year three, originated, two years before current fiscal year, gross charge-offs	0	0
Financing receivable, year four, originated, three years before current fiscal year	4,525	7,894
Financing receivable, year four, originated, three years before current fiscal year, gross charge-offs	0	0
Financing receivable, year five, originated, four years before current fiscal year	7,238	2,382
Financing receivable, year five, originated, four years before current fiscal year, gross charge-offs	0	0
Prior	13,795	18,747
Prior, gross charge-offs	0	0
Revolving Loans	1,644	1,359
Revolving loans, gross charge-offs	0	0
Revolving Loans Converted To Term Loans	77	155
Revolving loans converted to term loans, gross charge-offs	0	0
Amortized Cost	57,621	63,568
Charge-offs	0	0
Farmland | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	13,584	13,140
Financing receivable, year two, originated, fiscal year before current fiscal year	6,318	13,628
Financing receivable, year three, originated, two years before current fiscal year	8,782	5,586
Financing receivable, year four, originated, three years before current fiscal year	4,525	7,876
Financing receivable, year five, originated, four years before current fiscal year	7,226	2,296
Prior	13,348	18,542
Revolving Loans	1,644	1,359
Revolving Loans Converted To Term Loans	77	155
Amortized Cost	55,504	62,582
Farmland | Classified
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	0	677
Financing receivable, year two, originated, fiscal year before current fiscal year	53	0
Financing receivable, year three, originated, two years before current fiscal year	1,605	0
Financing receivable, year four, originated, three years before current fiscal year	0	18
Financing receivable, year five, originated, four years before current fiscal year	12	86
Prior	447	205
Revolving Loans	0	0
Revolving Loans Converted To Term Loans	0	0
Amortized Cost	2,117	986
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	260,322	297,043
Financing receivable, year one, originated, fiscal year before current fiscal year, gross charge-offs	583	100
Financing receivable, year two, originated, fiscal year before current fiscal year	193,800	216,172
Financing receivable, year two, originated, fiscal year before current fiscal year, gross charge-offs	1,368	4,619
Financing receivable, year three, originated, two years before current fiscal year	135,681	84,587
Financing receivable, year three, originated, two years before current fiscal year, gross charge-offs	639	4,493
Financing receivable, year four, originated, three years before current fiscal year	39,540	64,731
Financing receivable, year four, originated, three years before current fiscal year, gross charge-offs	341	499
Financing receivable, year five, originated, four years before current fiscal year	21,099	24,607
Financing receivable, year five, originated, four years before current fiscal year, gross charge-offs	650	44
Prior	9,796	10,556
Prior, gross charge-offs	153	49
Revolving Loans	432,930	472,299
Revolving loans, gross charge-offs	0	0
Revolving Loans Converted To Term Loans	309	370
Revolving loans converted to term loans, gross charge-offs	0	0
Amortized Cost	1,093,477	1,170,365
Charge-offs	3,734	9,804
Commercial | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	254,630	269,496
Financing receivable, year two, originated, fiscal year before current fiscal year	146,165	196,731
Financing receivable, year three, originated, two years before current fiscal year	112,343	79,125
Financing receivable, year four, originated, three years before current fiscal year	33,008	61,440
Financing receivable, year five, originated, four years before current fiscal year	14,486	24,583
Prior	9,777	10,476
Revolving Loans	418,473	472,269
Revolving Loans Converted To Term Loans	309	370
Amortized Cost	989,191	1,114,490
Commercial | Classified
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	5,692	27,547
Financing receivable, year two, originated, fiscal year before current fiscal year	47,635	19,441
Financing receivable, year three, originated, two years before current fiscal year	23,338	5,462
Financing receivable, year four, originated, three years before current fiscal year	6,532	3,291
Financing receivable, year five, originated, four years before current fiscal year	6,613	24
Prior	19	80
Revolving Loans	14,457	30
Revolving Loans Converted To Term Loans	0	0
Amortized Cost	104,286	55,875
Factored receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	1,180,274	1,094,142
Financing receivable, year one, originated, fiscal year before current fiscal year, gross charge-offs	2,725	5,374
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	1,558	2,293
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	0
Financing receivable, year four, originated, three years before current fiscal year	0	22,512
Financing receivable, year four, originated, three years before current fiscal year, gross charge-offs	0	3,330
Financing receivable, year five, originated, four years before current fiscal year	21,221	0
Financing receivable, year five, originated, four years before current fiscal year, gross charge-offs	0	0
Prior	0	0
Prior, gross charge-offs	0	0
Revolving Loans	0	0
Revolving loans, gross charge-offs	0	0
Revolving Loans Converted To Term Loans	0	0
Revolving loans converted to term loans, gross charge-offs	0	0
Amortized Cost	1,201,495	1,116,654
Charge-offs	4,283	10,997
Factored receivables | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	1,160,619	1,075,428
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	3,151
Financing receivable, year five, originated, four years before current fiscal year	1,860	0
Prior	0	0
Revolving Loans	0	0
Revolving Loans Converted To Term Loans	0	0
Amortized Cost	1,162,479	1,078,579
Factored receivables | Classified
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	19,655	18,714
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	19,361
Financing receivable, year five, originated, four years before current fiscal year	19,361	0
Prior	0	0
Revolving Loans	0	0
Revolving Loans Converted To Term Loans	0	0
Amortized Cost	39,016	38,075
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	2,617	4,160
Financing receivable, year one, originated, fiscal year before current fiscal year, gross charge-offs	0	519
Financing receivable, year two, originated, fiscal year before current fiscal year	2,034	1,442
Financing receivable, year two, originated, fiscal year before current fiscal year, gross charge-offs	289	25
Financing receivable, year three, originated, two years before current fiscal year	768	676
Financing receivable, year three, originated, two years before current fiscal year, gross charge-offs	18	12
Financing receivable, year four, originated, three years before current fiscal year	428	407
Financing receivable, year four, originated, three years before current fiscal year, gross charge-offs	0	3
Financing receivable, year five, originated, four years before current fiscal year	222	83
Financing receivable, year five, originated, four years before current fiscal year, gross charge-offs	0	0
Prior	890	1,518
Prior, gross charge-offs	1	4
Revolving Loans	31	40
Revolving loans, gross charge-offs	0	0
Revolving Loans Converted To Term Loans	0	0
Revolving loans converted to term loans, gross charge-offs	0	0
Amortized Cost	6,990	8,326
Charge-offs	308	563
Consumer | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	2,617	4,141
Financing receivable, year two, originated, fiscal year before current fiscal year	2,034	1,442
Financing receivable, year three, originated, two years before current fiscal year	768	593
Financing receivable, year four, originated, three years before current fiscal year	361	406
Financing receivable, year five, originated, four years before current fiscal year	222	83
Prior	843	1,488
Revolving Loans	13	40
Revolving Loans Converted To Term Loans	0	0
Amortized Cost	6,858	8,193
Consumer | Classified
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	0	19
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	83
Financing receivable, year four, originated, three years before current fiscal year	67	1
Financing receivable, year five, originated, four years before current fiscal year	0	0
Prior	47	30
Revolving Loans	18	0
Revolving Loans Converted To Term Loans	0	0
Amortized Cost	132	133
Mortgage warehouse
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	867,790	728,847
Financing receivable, year one, originated, fiscal year before current fiscal year, gross charge-offs	0	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	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	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	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	0
Prior	0	0
Prior, gross charge-offs	0	0
Revolving Loans	0	0
Revolving loans, gross charge-offs	0	0
Revolving Loans Converted To Term Loans	0	0
Revolving loans converted to term loans, gross charge-offs	0	0
Amortized Cost	867,790	728,847
Charge-offs	0	0
Mortgage warehouse | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, year one, originated, current fiscal year	867,790	728,847
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	867,790	728,847
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 - Schedule of Amortized Cost Basis of Loan Modifications (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Term Extension
Financing Receivable, Modified [Line Items]
Amortized Cost	$ 211	$ 3,057	$ 229	$ 3,057
% of Portfolio	0%	0.10%	0%	0.10%
Term Extension and Rate Reduction
Financing Receivable, Modified [Line Items]
Amortized Cost	$ 0	$ 83,893	$ 141	$ 83,893
% of Portfolio	0%	1.90%	0%	1.90%
Term Extension and Principal Forgiveness
Financing Receivable, Modified [Line Items]
Amortized Cost	$ 0		$ 4,128
% of Portfolio	0%		0.10%
Term Extension and Payment Delay
Financing Receivable, Modified [Line Items]
Amortized Cost	$ 513		$ 513
% of Portfolio	0%		0%
Commercial real estate | Term Extension
Financing Receivable, Modified [Line Items]
Amortized Cost	$ 194	$ 111	$ 194	$ 111
% of Portfolio	0%	0%	0%	0%
Commercial real estate | Term Extension and Rate Reduction
Financing Receivable, Modified [Line Items]
Amortized Cost	$ 0	$ 83,344	$ 141	$ 83,344
% of Portfolio	0%	10.20%	0%	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	$ 17	$ 1,913	$ 17	$ 1,913
% of Portfolio	0%	0.20%	0%	0.20%
Commercial | Term Extension and Rate Reduction
Financing Receivable, Modified [Line Items]
Amortized Cost		$ 549		$ 549
% of Portfolio		0%		0%
Commercial | Term Extension and Principal Forgiveness
Financing Receivable, Modified [Line Items]
Amortized Cost	$ 0		$ 4,128
% of Portfolio	0%		0.40%
Commercial | Term Extension and Payment Delay
Financing Receivable, Modified [Line Items]
Amortized Cost	$ 513		$ 513
% of Portfolio	0%		0%
Consumer | Term Extension
Financing Receivable, Modified [Line Items]
Amortized Cost	$ 0		$ 18
% of Portfolio	0%		0.30%

LOANS AND ALLOWANCE FOR CRED_14

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Schedule of Financial Effect of Loan Modifications (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Commercial real estate | Term Extension
Financing Receivable, Modified [Line Items]
Weighted average years	3 months 18 days	3 months 18 days	9 months 18 days	10 months 24 days
Commercial real estate | Term Extension and Rate Reduction
Financing Receivable, Modified [Line Items]
Weighted average years		6 months	1 year	6 months
Commercial real estate | Term Extension and Rate Reduction | Maximum
Financing Receivable, Modified [Line Items]
Weighted average contractual interest rate		10.10%	12.50%	10.10%
Commercial real estate | Term Extension and Rate Reduction | Minimum
Financing Receivable, Modified [Line Items]
Weighted average contractual interest rate		5.10%	10%	5.10%
1-4 family residential | Term Extension
Financing Receivable, Modified [Line Items]
Weighted average years		6 months		6 months
Farmland | Term Extension
Financing Receivable, Modified [Line Items]
Weighted average years		6 months		6 months
Commercial | Term Extension
Financing Receivable, Modified [Line Items]
Weighted average years	1 year	6 months	1 year	7 months 6 days
Commercial | Term Extension and Rate Reduction
Financing Receivable, Modified [Line Items]
Weighted average years		3 months 18 days		3 months 18 days
Commercial | Term Extension and Rate Reduction | Maximum
Financing Receivable, Modified [Line Items]
Weighted average contractual interest rate		9.50%		9.50%
Commercial | Term Extension and Rate Reduction | Minimum
Financing Receivable, Modified [Line Items]
Weighted average contractual interest rate		8.60%		8.60%
Commercial | Term Extension and Principal Forgiveness
Financing Receivable, Modified [Line Items]
Weighted average years			1 year 9 months 18 days
Principal forgiveness			$ 507
Commercial | Term Extension and Payment Delay
Financing Receivable, Modified [Line Items]
Weighted average years	8 months 12 days		8 months 12 days
Weighted average payment delay period	8 months 12 days		8 months 12 days
Consumer | Term Extension
Financing Receivable, Modified [Line Items]
Weighted average years			6 years 1 month 6 days

LOANS AND ALLOWANCE FOR CRED_15

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Schedule of Performance of Modified Loans (Details) $ in Thousands	Sep. 30, 2024 USD ($)
Financing Receivable, Modified [Line Items]
Modified loans	$ 47,253
Commercial real estate
Financing Receivable, Modified [Line Items]
Modified loans	23,733
1-4 family residential
Financing Receivable, Modified [Line Items]
Modified loans	98
Commercial
Financing Receivable, Modified [Line Items]
Modified loans	23,404
Consumer
Financing Receivable, Modified [Line Items]
Modified loans	18
Current
Financing Receivable, Modified [Line Items]
Modified loans	43,922
Current | Commercial real estate
Financing Receivable, Modified [Line Items]
Modified loans	23,733
Current | 1-4 family residential
Financing Receivable, Modified [Line Items]
Modified loans	98
Current | Commercial
Financing Receivable, Modified [Line Items]
Modified loans	20,073
Current | Consumer
Financing Receivable, Modified [Line Items]
Modified loans	18
Past Due 30-89 Days
Financing Receivable, Modified [Line Items]
Modified loans	1,422
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 | Commercial
Financing Receivable, Modified [Line Items]
Modified loans	1,422
Past Due 30-89 Days | Consumer
Financing Receivable, Modified [Line Items]
Modified loans	0
Past Due 90 Days or More
Financing Receivable, Modified [Line Items]
Modified loans	1,909
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 | Commercial
Financing Receivable, Modified [Line Items]
Modified loans	1,909
Past Due 90 Days or More | Consumer
Financing Receivable, Modified [Line Items]
Modified loans	$ 0

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS - Schedule of Goodwill and Intangible Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Goodwill And Intangible Assets [Line Items]
Goodwill	$ 233,709	$ 233,709
Gross Carrying Amount	96,114	93,962
Accumulated Amortization	(78,798)	(70,316)
Net Carrying Amount	17,316	23,646
Core deposit intangibles
Goodwill And Intangible Assets [Line Items]
Gross Carrying Amount	43,578	43,578
Accumulated Amortization	(39,757)	(38,084)
Net Carrying Amount	3,821	5,494
Customer relationship intangibles
Goodwill And Intangible Assets [Line Items]
Gross Carrying Amount	29,954	29,954
Accumulated Amortization	(22,311)	(19,901)
Net Carrying Amount	7,643	10,053
Software intangible assets
Goodwill And Intangible Assets [Line Items]
Gross Carrying Amount	16,932	16,932
Accumulated Amortization	(14,110)	(10,935)
Net Carrying Amount	2,822	5,997
Other intangible assets
Goodwill And Intangible Assets [Line Items]
Gross Carrying Amount	5,650	3,498
Accumulated Amortization	(2,620)	(1,396)
Net Carrying Amount	$ 3,030	$ 2,102

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, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Goodwill [Roll Forward]
Beginning balance	$ 254,652	$ 262,958	$ 257,355	$ 265,767
Acquired intangible assets	0	0	2,920	3,042
Amortization of intangibles	(3,600)	(2,849)	(9,193)	(8,700)
Amortization of intangibles included in lease income	(27)	0	(57)	0
Ending balance	$ 251,025	$ 260,109	$ 251,025	$ 260,109

VARIABLE INTEREST ENTITIES - Sc

VARIABLE INTEREST ENTITIES - Schedule 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, 2024	Dec. 31, 2023
Variable Interest Entity [Line Items]
Total held to maturity securities, net of ACL	$ 2,121	$ 2,977
Collateralized Loan Obligation Funds
Variable Interest Entity [Line Items]
Total held to maturity securities, net of ACL	$ 2,121	$ 2,977

OFF-BALANCE SHEET LOAN COMMIT_3

OFF-BALANCE SHEET LOAN COMMITMENTS - Schedule of Financial Instruments with Off-Balance Sheet Risk (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Unused lines of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	$ 76,729	$ 53,822
Variable Rate	289,897	527,300
Total	366,626	581,122
Standby letters of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	17,258	15,013
Variable Rate	6,910	9,356
Total	24,168	24,369
Commitments to purchase loans
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	0	0
Variable Rate	10,272	17,125
Total	10,272	17,125
Mortgage warehouse commitments
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	0	0
Variable Rate	791,828	895,896
Total	$ 791,828	$ 895,896

OFF-BALANCE SHEET LOAN COMMIT_4

OFF-BALANCE SHEET LOAN COMMITMENTS - Narrative (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Other Liabilities
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Allowance for credit losses on off-balance sheet credit exposure	$ 2,808	$ 2,838

OFF-BALANCE SHEET LOAN COMMIT_5

OFF-BALANCE SHEET LOAN COMMITMENTS - Schedule of Credit Loss Expense for Off Balance Sheet Credit Exposures (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Other Noninterest Expense
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Credit loss expense (benefit)	$ (1,132)	$ (253)	$ (30)	$ (596)

FAIR VALUE DISCLOSURES - Schedu

FAIR VALUE DISCLOSURES - Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Assets measured at fair value on a recurring basis
Securities available for sale	$ 403,186	$ 299,644
Equity securities with readily determinable fair values	4,583	4,488
Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities available for sale	403,186	299,644
Equity securities with readily determinable fair values	4,583	4,488
Loans held for sale	26	1,236
Indemnification asset	883	1,497
Revenue share asset	2,904	2,516
Mortgage-backed securities, residential
Assets measured at fair value on a recurring basis
Securities available for sale	75,149	55,839
Mortgage-backed securities, residential | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities available for sale	75,149	55,839
Asset-backed securities
Assets measured at fair value on a recurring basis
Securities available for sale	924	1,170
Asset-backed securities | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities available for sale	924	1,170
State and municipal
Assets measured at fair value on a recurring basis
Securities available for sale	3,443	4,515
State and municipal | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities available for sale	3,443	4,515
CLO securities
Assets measured at fair value on a recurring basis
Securities available for sale	322,088	236,291
CLO securities | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities available for sale	322,088	236,291
Corporate bonds
Assets measured at fair value on a recurring basis
Securities available for sale	275	275
Corporate bonds | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities available for sale	275	275
SBA pooled securities
Assets measured at fair value on a recurring basis
Securities available for sale	1,307	1,554
SBA pooled securities | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities available for sale	1,307	1,554
Level 1 | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities available for sale	0	0
Equity securities with readily determinable fair values	4,583	4,488
Loans held for sale	0	0
Indemnification asset	0	0
Revenue share asset	0	0
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	403,186	299,644
Equity securities with readily determinable fair values	0	0
Loans held for sale	26	1,236
Indemnification asset	0	0
Revenue share asset	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	75,149	55,839
Level 2 | Asset-backed securities | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities available for sale	924	1,170
Level 2 | State and municipal | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities available for sale	3,443	4,515
Level 2 | CLO securities | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities available for sale	322,088	236,291
Level 2 | Corporate bonds | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities available for sale	275	275
Level 2 | SBA pooled securities | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities available for sale	1,307	1,554
Level 3 | Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities available for sale	0	0
Equity securities with readily determinable fair values	0	0
Loans held for sale	0	0
Indemnification asset	883	1,497
Revenue share asset	2,904	2,516
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) $ in Thousands	2 Months Ended	9 Months Ended
	Sep. 06, 2022 portfolio agreement	Sep. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)	Jun. 30, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of agreements to sell factored receivables | agreement	2
Number of portfolios of factored receivables sold | portfolio	2
Fair Value, Measurements, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities measured at fair value on a non-recurring basis		$ 0	$ 0
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%
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%
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		$ 930	$ 1,575
Indemnification asset, discount rate		5%	5%
Revenue share asset, expected cash payments to be received		$ 3,961	$ 3,329
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 - Sche_2

FAIR VALUE DISCLOSURES - Schedule of Reconciliation of Opening Balance to Closing Balance of Fair Value of Contingent Consideration, Assets (Details) - Level 3 - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Indemnification Asset
Indemnification Asset and Revenue Share Asset
Beginning balance	$ 1,088	$ 1,905	$ 1,497	$ 3,896
Asset recognized	0	0	0	0
Change in fair value of asset recognized in earnings	(205)	(204)	(614)	(530)
Reduction / payments received	0	0	0	(1,665)
Ending balance	883	1,701	883	1,701
Revenue Share Asset
Indemnification Asset and Revenue Share Asset
Beginning balance	2,789	3,053	2,516	5,515
Asset recognized	0	0	0	0
Change in fair value of asset recognized in earnings	416	(78)	1,295	(1,867)
Reduction / payments received	(301)	(279)	(907)	(952)
Ending balance	$ 2,904	$ 2,696	$ 2,904	$ 2,696

FAIR VALUE DISCLOSURES - Sche_3

FAIR VALUE DISCLOSURES - Schedule of Fair Value of Assets Measured on Non-recurring Basis (Details) - Fair Value, Measurements, Nonrecurring - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring	$ 60,528	$ 55,247
Collateral dependent loans | Commercial real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring	783	1,480
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	21	37
Collateral dependent loans | Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring	27,869	20,870
Collateral dependent loans | Factored receivables
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring	31,855	32,860
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring	0	0
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
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
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
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
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring	0	0
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
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
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
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
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring	60,528	55,247
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	783	1,480
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	21	37
Level 3 | Collateral dependent loans | Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring	27,869	20,870
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	$ 31,855	$ 32,860

FAIR VALUE DISCLOSURES - Sche_4

FAIR VALUE DISCLOSURES - Schedule of Estimated Fair Value of Company's Financial Assets and Financial Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Financial assets:
Cash and cash equivalents, carrying amount	$ 489,280	$ 286,635
FHLB and other restricted stock, carrying amount	7,112	14,278
Securities - held to maturity, fair value	2,503	4,015
Financial liabilities:
Federal Home Loan Bank advances, carrying amount	30,000	255,000
Subordinated notes, carrying amount	109,072	108,678
Junior subordinated debentures, carrying amount	42,196	41,740
Carrying Amount
Financial assets:
Cash and cash equivalents, carrying amount	489,280	286,635
Securities - held to maturity, carrying amount	2,121	2,977
Loans not previously presented, gross, carrying amount	4,272,439	4,107,853
FHLB and other restricted stock, carrying amount	7,112	14,278
Accrued interest receivable, carrying amount	41,591	34,597
Financial liabilities:
Deposits, carrying amount	4,706,694	3,977,478
Federal Home Loan Bank advances, carrying amount	30,000	255,000
Subordinated notes, carrying amount	109,072	108,678
Junior subordinated debentures, carrying amount	42,196	41,740
Accrued interest payable, carrying amount	7,943	7,429
Total Fair Value
Financial assets:
Cash and cash equivalents, fair value	489,280	286,635
Securities - held to maturity, fair value	2,503	4,015
Loans not previously presented, gross, fair value	4,227,244	4,049,338
Accrued interest receivable, fair value	41,591	34,597
Financial liabilities:
Deposits, fair value	4,703,215	3,971,391
Federal Home Loan Bank advances, fair value	30,000	255,000
Subordinated notes, fair value	95,793	90,084
Junior subordinated debentures, fair value	43,443	43,072
Accrued interest payable, fair value	7,943	7,429
Level 1
Financial assets:
Cash and cash equivalents, fair value	489,280	286,635
Securities - held to maturity, fair value	0	0
Loans not previously presented, gross, fair value	60,618	105,145
Accrued interest receivable, fair value	41,591	34,597
Financial liabilities:
Deposits, fair value	0	0
Federal Home Loan Bank advances, fair value	0	0
Subordinated notes, fair value	0	0
Junior subordinated debentures, fair value	0	0
Accrued interest payable, fair value	7,943	7,429
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	4,703,215	3,971,391
Federal Home Loan Bank advances, fair value	30,000	255,000
Subordinated notes, fair value	95,793	90,084
Junior subordinated debentures, fair value	43,443	43,072
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	2,503	4,015
Loans not previously presented, gross, fair value	4,166,626	3,944,193
Accrued interest receivable, fair value	0	0
Financial liabilities:
Deposits, fair value	0	0
Federal Home Loan Bank advances, fair value	0	0
Subordinated notes, fair value	0	0
Junior subordinated debentures, fair value	0	0
Accrued interest payable, fair value	$ 0	$ 0

REGULATORY MATTERS (Details)

REGULATORY MATTERS (Details) $ in Thousands	Sep. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Triumph Financial, Inc.
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total Capital (to Risk Weighted Assets) Actual Amount	$ 842,621	$ 806,667
Total Capital (to Risk Weighted Assets) Actual Ratio	0.166	0.167
Total Capital (to Risk Weighted Assets) Minimum for Capital Adequacy Purposes Amount	$ 405,546	$ 385,370
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	$ 688,077	$ 661,833
Tier 1 Capital (to Risk Weighted Assets) Actual Ratio	0.136	0.137
Tier 1 Capital (to Risk Weighted Assets) Minimum for Capital Adequacy Purposes Amount	$ 304,160	$ 289,027
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	$ 600,881	$ 575,093
Common Equity Tier 1 Capital (to Risk Weighted Assets) Actual Ratio	0.119	0.119
Common Equity Tier 1 Capital (to Risk Weighted Assets) Minimum for Capital Adequacy Purposes Amount	$ 228,120	$ 216,770
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	$ 688,077	$ 661,833
Tier 1 Capital (to Average Assets) Actual Ratio	0.122	0.126
Tier 1 Capital (to Average Assets) Minimum for Capital Adequacy Purposes Amount	$ 225,354	$ 209,518
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	$ 802,272	$ 758,656
Total Capital (to Risk Weighted Assets) Actual Ratio	0.159	0.159
Total Capital (to Risk Weighted Assets) Minimum for Capital Adequacy Purposes Amount	$ 403,326	$ 382,508
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	$ 504,158	$ 478,135
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	$ 760,029	$ 725,383
Tier 1 Capital (to Risk Weighted Assets) Actual Ratio	0.151	0.152
Tier 1 Capital (to Risk Weighted Assets) Minimum for Capital Adequacy Purposes Amount	$ 302,495	$ 286,881
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	$ 403,326	$ 382,508
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	$ 760,029	$ 725,383
Common Equity Tier 1 Capital (to Risk Weighted Assets) Actual Ratio	0.151	0.152
Common Equity Tier 1 Capital (to Risk Weighted Assets) Minimum for Capital Adequacy Purposes Amount	$ 226,871	$ 215,161
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	$ 327,703	$ 310,787
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	$ 760,029	$ 725,383
Tier 1 Capital (to Average Assets) Actual Ratio	0.135	0.139
Tier 1 Capital (to Average Assets) Minimum for Capital Adequacy Purposes Amount	$ 225,191	$ 209,406
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	$ 281,489	$ 261,758
Tier 1 Capital (to Average Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	0.050	0.050

STOCKHOLDERS' EQUITY - Schedule

STOCKHOLDERS' EQUITY - Schedule of Capital Structure (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Class of Stock [Line Items]
Shares authorized (in shares)	50,000,000	50,000,000
Shares issued (in shares)	29,117,265	28,986,255
Treasury shares (in shares)	(5,729,743)	(5,683,841)
Shares outstanding (in shares)	23,387,522	23,302,414
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) - Accelerated share repurchase - USD ($)	Apr. 28, 2023	Feb. 01, 2023	Nov. 07, 2022
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
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation	$ 4,026	$ 3,714	$ 11,092	$ 9,915
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	$ 595		$ 595
Remaining period to recognize cost			8 months 1 day
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	7,599		$ 7,599
Remaining period to recognize cost			2 years 9 months 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 | Performance stock units - market based
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation cost	6,898		$ 6,898
Remaining period to recognize cost			2 years 2 months 12 days
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 percentage			175%
Stock based compensation, award vesting percentage, potential multiplier			200%
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 | 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 21 days
Employees stock options contractual terms			10 years
Total unrecognized compensation cost	$ 1,948		$ 1,948
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)			36,649	37,909

STOCK BASED COMPENSATION - Sche

STOCK BASED COMPENSATION - Schedule of Changes in Company's Nonvested Restricted Stock Awards (Details) - Restricted Stock Awards (RSAs)	9 Months Ended
	Sep. 30, 2024 $ / shares shares
Shares
Beginning balance (in shares) | shares	122,931
Granted (in shares) | shares	0
Vested (in shares) | shares	(73,726)
Forfeited (in shares) | shares	(278)
Ending balance (in shares) | shares	48,927
Weighted-Average Grant-Date Fair Value
Beginning balance (in dollars per share) | $ / shares	$ 77.14
Granted (in dollars per share) | $ / shares	0
Vested (in dollars per share) | $ / shares	68.57
Forfeited (in dollars per share) | $ / shares	54.52
Ending balance (in dollars per share) | $ / shares	$ 90.18

STOCK BASED COMPENSATION - Sc_2

STOCK BASED COMPENSATION - Schedule of Changes in Company's Nonvested Restricted Stock Units (Details) - Restricted stock units	9 Months Ended
	Sep. 30, 2024 $ / shares shares
Shares
Beginning balance (in shares) | shares	230,034
Granted (in shares) | shares	75,571
Vested (in shares) | shares	(69,623)
Forfeited (in shares) | shares	(6,089)
Ending balance (in shares) | shares	229,893
Weighted-Average Grant-Date Fair Value
Beginning balance (in dollars per share) | $ / shares	$ 63.30
Granted (in dollars per share) | $ / shares	72.70
Vested (in dollars per share) | $ / shares	65.26
Forfeited (in dollars per share) | $ / shares	56.89
Ending balance (in dollars per share) | $ / shares	$ 65.97

STOCK BASED COMPENSATION - Sc_3

STOCK BASED COMPENSATION - Schedule of Changes in Company's Nonvested Performance Stock Units (Details) - Performance stock units - market based	9 Months Ended
	Sep. 30, 2024 $ / shares shares
Shares
Beginning balance (in shares) | shares	116,080
Granted (in shares) | shares	63,720
Performance adjustment (in shares) | shares	(2,841)
Vested (in shares) | shares	(8,987)
Forfeited (in shares) | shares	(192)
Ending balance (in shares) | shares	167,780
Weighted-Average Grant-Date Fair Value
Beginning balance (in dollars per share) | $ / shares	$ 81.74
Granted (in dollars per share) | $ / shares	114.72
Performance adjustment (in dollars per share) | $ / shares	0
Vested (in dollars per share) | $ / shares	98.03
Forfeited (in dollars per share) | $ / shares	98.03
Ending balance (in dollars per share) | $ / shares	$ 93.10

STOCK BASED COMPENSATION - Sc_4

STOCK BASED COMPENSATION - Schedule of Fair Value of Market Based Performance Stock Units, Weighted Average Assumptions (Details) - Performance stock units - market based - $ / shares	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance period	3 years	3 years
Stock price (in dollars per share)	$ 72	$ 51.25
Triumph Financial stock price volatility	42.31%	49.33%
Risk-free rate	4.67%	3.76%

STOCK BASED COMPENSATION - Sc_5

STOCK BASED COMPENSATION - Schedule of Changes in Company's Stock Options (Details) - Stock options - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2024
Shares
Beginning balance (in shares)	232,994
Granted (in shares)	47,376
Exercised (in shares)	(15,751)
Forfeited or expired (in shares)	0
Ending balance (in shares)	264,619
Fully vested shares and shares expected to vest (in shares)	264,619
Shares exercisable (in shares)	155,648
Weighted-Average Exercise Price
Beginning balance (in dollars per share)	$ 43.40
Granted (in dollars per share)	72
Exercised (in dollars per share)	26.97
Forfeited or expired (in dollars per share)	0
Ending balance (in dollars per share)	49.50
Fully vested shares and shares expected to vest (in dollars per share)	49.50
Shares exercisable (in dollars per share)	$ 39.12
Weighted-Average Remaining Contractual Term (In Years)
Outstanding	6 years 3 months 7 days
Fully vested shares and shares expected to vest	6 years 3 months 7 days
Shares exercisable	4 years 6 months
Aggregate Intrinsic Value (In Thousands)
Outstanding	$ 8,104
Fully vested shares and shares expected to vest	8,104
Shares exercisable	$ 6,408

STOCK BASED COMPENSATION - Sc_6

STOCK BASED COMPENSATION - Schedule of Information Related to Stock Options (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cash received from option exercises, net	$ 425	$ (52)
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate intrinsic value of options exercised	895	140
Cash received from option exercises, net	425	(52)
Tax benefit realized from option exercises	$ 188	$ 29
Weighted average fair value per share of options granted (in dollars per share)	$ 37.30	$ 25.20

STOCK BASED COMPENSATION - Sc_7

STOCK BASED COMPENSATION - Schedule of Fair Value of Stock Options Granted, Weighted-Average Assumptions (Details) - Stock options	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate	4.52%	3.38%
Expected term	6 years 3 months	6 years 3 months
Expected stock price volatility	46.50%	45.65%
Dividend yield	0%	0%

EARNINGS PER SHARE - Schedule o

EARNINGS PER SHARE - Schedule of Factors Used in Computation of Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Basic
Net income to common stockholders	$ 4,546	$ 11,993	$ 9,848	$ 29,050
Weighted average common shares outstanding (in shares)	23,330,635	23,162,614	23,268,887	23,220,331
Basic earnings per common share (in dollars per share)	$ 0.19	$ 0.52	$ 0.42	$ 1.25
Diluted
Net income to common stockholders	$ 4,546	$ 11,993	$ 9,848	$ 29,050
Weighted average common shares outstanding (in shares)	23,330,635	23,162,614	23,268,887	23,220,331
Dilutive effects of:
Average shares and dilutive potential common shares (in shares)	23,725,324	23,458,914	23,673,963	23,572,429
Diluted earnings per common share (in dollars per share)	$ 0.19	$ 0.51	$ 0.42	$ 1.23
Stock options
Dilutive effects of:
Stock based compensation (in shares)	95,472	82,909	89,349	77,286
Restricted stock awards
Dilutive effects of:
Stock based compensation (in shares)	40,259	80,841	67,805	101,842
Restricted stock units
Dilutive effects of:
Stock based compensation (in shares)	130,331	84,137	129,047	86,844
Performance stock units - market based
Dilutive effects of:
Stock based compensation (in shares)	128,157	47,248	117,101	85,218
Employee stock purchase program
Dilutive effects of:
Stock based compensation (in shares)	470	1,165	1,774	908

EARNINGS PER SHARE - Schedule_2

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, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares (in shares)	64,315	101,138	43,389	104,114
Restricted stock awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares (in shares)	0	0	0	0
Restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares (in shares)	7,500	11,250	7,818	11,250
Performance stock units - market based
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares (in shares)	0	14,424	24,798	14,424
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_3

REVENUE FROM CONTRACTS WITH CUSTOMERS - Narrative (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Disaggregation of Revenue [Line Items]
Gross loans	$ 4,332,967	$ 4,163,100
Commercial loans
Disaggregation of Revenue [Line Items]
Gross loans	$ 1,093,477	1,170,365
Payments Segment
Disaggregation of Revenue [Line Items]
Deferred sales commissions amortization period	2 years
Deferred set-up costs amortization period	4 years
Deferred sales commissions	$ 347	394
Deferred set-up costs	1,209	505
Payments Segment | Broker | Commercial loans
Disaggregation of Revenue [Line Items]
Gross loans	$ 0	$ 0

REVENUE FROM CONTRACTS WITH C_4

REVENUE FROM CONTRACTS WITH CUSTOMERS - Schedule of Payment Segment Revenue (Details) - Payments - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Disaggregation of Revenue [Line Items]
Total fee income	$ 6,185	$ 4,780	$ 17,437	$ 12,570
Broker fee income
Disaggregation of Revenue [Line Items]
Total fee income	4,804	3,372	13,311	8,335
Factor fee income
Disaggregation of Revenue [Line Items]
Total fee income	1,339	1,312	3,930	3,955
Other fee income
Disaggregation of Revenue [Line Items]
Total fee income	$ 42	$ 96	$ 196	$ 280

LESSOR OPERATING LEASES (Detail

LESSOR OPERATING LEASES (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Lessor Disclosure [Abstract]
Fixed payments	$ 978	$ 0	$ 2,073	$ 0
Variable payments	441	0	994	0
Amortization of intangibles included in lease income	(27)	0	(57)	0
Total fee income	$ 1,392	$ 0	$ 3,010	$ 0

BUSINESS SEGMENT INFORMATION (D

BUSINESS SEGMENT INFORMATION (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Segment Reporting Information [Line Items]
Total interest income	$ 108,075	$ 107,533	$ 317,037	$ 313,693
Intersegment interest allocations	0	0	0	0
Total interest expense	19,376	16,206	54,388	37,533
Net interest income	88,699	91,327	262,649	276,160
Credit loss expense (benefit)	4,263	812	14,314	6,068
Net interest income after credit loss expense (benefit)	84,436	90,515	248,335	270,092
Noninterest income	17,497	13,410	49,663	35,943
Noninterest expense	95,646	86,259	283,360	265,936
Net intersegment noninterest income (expense)	0	0	0	0
Net income before income tax expense	6,287	17,666	14,638	40,099
Net Intersegment Noninterest Income (Expense) [Abstract]
Net intersegment noninterest income (expense)	0	0	0	0
Total assets	5,866,046		5,866,046		$ 5,347,334
Gross loans	4,332,967		4,332,967		4,163,100
Operating Segments
Segment Reporting Information [Line Items]
Total interest income	107,988	107,489	316,819	313,562
Total interest expense	16,976	13,723	47,193	30,305
Net interest income	91,012	93,766	269,626	283,257
Credit loss expense (benefit)	4,042	799	14,121	5,624
Net interest income after credit loss expense (benefit)	86,970	92,967	255,505	277,633
Noninterest income	16,030	13,341	46,434	35,745
Noninterest expense	68,576	64,430	205,513	202,947
Net income before income tax expense	34,424	41,878	96,426	110,431
Net Intersegment Noninterest Income (Expense) [Abstract]
Total assets	7,049,789		7,049,789		6,542,879
Gross loans	4,920,545		4,920,545		4,712,181
Operating Segments | Banking
Segment Reporting Information [Line Items]
Total interest income	67,390	68,328	198,284	193,678
Total interest expense	16,976	13,723	47,193	30,305
Net interest income	57,125	62,935	171,734	186,793
Credit loss expense (benefit)	3,719	410	10,207	3,164
Net interest income after credit loss expense (benefit)	53,406	62,525	161,527	183,629
Noninterest income	7,538	5,978	21,613	17,998
Noninterest expense	32,009	31,503	96,003	95,677
Net income before income tax expense	29,074	37,000	87,534	105,950
Net Intersegment Noninterest Income (Expense) [Abstract]
Total assets	5,357,731		5,357,731		4,918,527
Gross loans	3,716,900		3,716,900		3,595,527
Operating Segments | Factoring
Segment Reporting Information [Line Items]
Total interest income	34,905	34,244	101,964	108,769
Total interest expense	0	0	0	0
Net interest income	25,625	24,580	74,581	80,593
Credit loss expense (benefit)	328	375	3,859	2,405
Net interest income after credit loss expense (benefit)	25,297	24,205	70,722	78,188
Noninterest income	2,170	2,546	7,089	5,104
Noninterest expense	19,969	18,371	59,357	60,358
Net income before income tax expense	7,963	8,622	19,681	22,814
Net Intersegment Noninterest Income (Expense) [Abstract]
Total assets	1,165,591		1,165,591		1,077,367
Gross loans	1,033,783		1,033,783		941,926
Operating Segments | Payments
Segment Reporting Information [Line Items]
Total interest income	5,693	4,917	16,571	11,115
Total interest expense	0	0	0	0
Net interest income	8,262	6,251	23,311	15,871
Credit loss expense (benefit)	(5)	14	55	55
Net interest income after credit loss expense (benefit)	8,267	6,237	23,256	15,816
Noninterest income	6,322	4,817	17,732	12,643
Noninterest expense	16,598	14,556	50,153	46,912
Net income before income tax expense	(2,613)	(3,744)	(10,789)	(18,333)
Net Intersegment Noninterest Income (Expense) [Abstract]
Total assets	526,467		526,467		546,985
Gross loans	169,862		169,862		174,728
Corporate and Other
Segment Reporting Information [Line Items]
Total interest income	87	44	218	131
Total interest expense	2,400	2,483	7,195	7,228
Net interest income	(2,313)	(2,439)	(6,977)	(7,097)
Credit loss expense (benefit)	221	13	193	444
Net interest income after credit loss expense (benefit)	(2,534)	(2,452)	(7,170)	(7,541)
Noninterest income	1,467	69	3,229	198
Noninterest expense	27,070	21,829	77,847	62,989
Net income before income tax expense	(28,137)	(24,212)	(81,788)	(70,332)
Net Intersegment Noninterest Income (Expense) [Abstract]
Total assets	1,151,899		1,151,899		1,056,646
Gross loans	0		0		0
Eliminations
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
Total assets	(2,335,642)		(2,335,642)		(2,252,191)
Gross loans	(587,578)		(587,578)		$ (549,081)
Eliminations | Banking
Segment Reporting Information [Line Items]
Intersegment interest allocations	6,711	8,330	20,643	23,420
Net intersegment noninterest income (expense)	139	0	397	0
Net Intersegment Noninterest Income (Expense) [Abstract]
Factoring revenue received from Payments	0	0	0	0
Payments revenue received from Factoring	0	0	0	0
Banking revenue received from Payments and Factoring	139	0	397	0
Net intersegment noninterest income (expense)	139	0	397	0
Eliminations | Factoring
Segment Reporting Information [Line Items]
Intersegment interest allocations	(9,280)	(9,664)	(27,383)	(28,176)
Net intersegment noninterest income (expense)	465	242	1,227	(120)
Net Intersegment Noninterest Income (Expense) [Abstract]
Factoring revenue received from Payments	864	510	2,364	680
Payments revenue received from Factoring	(289)	(268)	(818)	(800)
Banking revenue received from Payments and Factoring	(110)	0	(319)	0
Net intersegment noninterest income (expense)	465	242	1,227	(120)
Eliminations | Payments
Segment Reporting Information [Line Items]
Intersegment interest allocations	2,569	1,334	6,740	4,756
Net intersegment noninterest income (expense)	(604)	(242)	(1,624)	120
Net Intersegment Noninterest Income (Expense) [Abstract]
Factoring revenue received from Payments	(864)	(510)	(2,364)	(680)
Payments revenue received from Factoring	289	268	818	800
Banking revenue received from Payments and Factoring	(29)	0	(78)	0
Net intersegment noninterest income (expense)	$ (604)	$ (242)	$ (1,624)	$ 120