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Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2020	Apr. 16, 2020
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Entity Registrant Name	TRIUMPH BANCORP, INC.
Entity Central Index Key	0001539638
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Document Quarterly Report	true
Document Transition Report	false
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding		24,097,487
Entity File Number	001-36722
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
Title of 12(b) Security	Common stock, par value $0.01 per share
Trading Symbol	TBK
Security Exchange Name	NASDAQ

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
ASSETS
Cash and due from banks	$ 56,649	$ 67,747
Interest bearing deposits with other banks	151,765	130,133
Total cash and cash equivalents	208,414	197,880
Securities - equity investments	5,678	5,437
Securities - available for sale	302,122	248,820
Securities - held to maturity, net of allowance for credit losses of $126 and $0, respectively, fair value of $6,742 and $6,907, respectively	8,217	8,417
Loans held for sale	4,431	2,735
Loans, net of allowance for credit losses of $44,732 and $29,092, respectively	4,275,816	4,165,420
Assets held for sale	97,895
Federal Home Loan Bank and other restricted stock, at cost	37,080	19,860
Premises and equipment, net	98,363	96,595
Other real estate owned, net	2,540	3,009
Goodwill	158,743	158,743
Intangible assets, net	29,465	31,543
Bank-owned life insurance	41,122	40,954
Deferred tax assets, net	9,457	3,812
Other assets	74,386	77,072
Total assets	5,353,729	5,060,297
Liabilities
Noninterest bearing	846,412	809,696
Interest bearing	2,835,603	2,980,210
Total deposits	3,682,015	3,789,906
Customer repurchase agreements	3,693	2,033
Federal Home Loan Bank advances	850,000	430,000
Subordinated notes	87,347	87,327
Junior subordinated debentures	39,689	39,566
Other liabilities	101,638	74,875
Total liabilities	4,764,382	4,423,707
Commitments and contingencies - See Note 7 and Note 8
Stockholders' equity - See Note 11
Common stock, 24,101,120 and 24,964,961 shares outstanding, respectively	272	272
Additional paid-in-capital	474,441	473,251
Treasury stock, at cost	(102,677)	(67,069)
Retained earnings	222,809	229,030
Accumulated other comprehensive income (loss)	(5,498)	1,106
Total stockholders’ equity	589,347	636,590
Total liabilities and stockholders' equity	$ 5,353,729	$ 5,060,297

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
Statement Of Financial Position [Abstract]
Securities - Held to maturity, Allowance for credit losses	$ 126	$ 0
Securities - Held to maturity, Fair value	6,742	6,907
Allowance for credit losses	$ 44,732	$ 29,092	$ 27,605	$ 27,571
Common stock, outstanding	24,101,120	24,964,961

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	Mar. 31, 2020	Mar. 31, 2019
Interest and dividend income:
Loans, including fees	$ 48,323	$ 45,094
Factored receivables, including fees	24,292	24,556
Securities	2,107	2,644
FHLB and other restricted stock	204	192
Cash deposits	488	778
Total interest income	75,414	73,264
Interest expense:
Deposits	9,677	8,218
Subordinated notes	1,347	839
Junior subordinated debentures	646	760
Other borrowings	1,244	2,136
Total interest expense	12,914	11,953
Net interest income	62,500	61,311
Credit loss expense	17,361	1,014
Net interest income after credit loss expense	45,139	60,297
Noninterest income:
Net OREO gains (losses) and valuation adjustments	(257)	209
Net gains (losses) on sale of securities	38	(11)
Insurance commissions	1,051	919
Other	1,571	1,359
Total noninterest income	7,477	7,538
Noninterest expense:
Salaries and employee benefits	30,722	26,439
Occupancy, furniture and equipment	5,182	4,522
FDIC insurance and other regulatory assessments	315	299
Professional fees	2,107	1,865
Amortization of intangible assets	2,078	2,402
Advertising and promotion	1,292	1,604
Communications and technology	5,501	4,874
Other	10,493	6,561
Total noninterest expense	57,690	48,566
Net income (loss) before income tax	(5,074)	19,269
Income tax expense (benefit)	(624)	4,481
Net income (loss)	$ (4,450)	$ 14,788
Earnings (loss) per common share
Basic	$ (0.18)	$ 0.55
Diluted	$ (0.18)	$ 0.55
Service charges on deposits
Noninterest income:
Revenue	$ 1,588	$ 1,606
Card income
Noninterest income:
Revenue	1,800	1,844
Fee income
Noninterest income:
Revenue	$ 1,686	$ 1,612

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Statement Of Income And Comprehensive Income [Abstract]
Net income (loss)	$ (4,450)	$ 14,788
Unrealized gains (losses) on securities:
Unrealized holding gains (losses) arising during the period	(8,586)	1,893
Reclassification of amount realized through sale of securities	(38)	11
Tax effect	2,020	(441)
Total other comprehensive income (loss)	(6,604)	1,463
Comprehensive income (loss)	$ (11,054)	$ 16,251

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in-Capital	Treasury Stock	Retained Earnings	Accumulated Other Comprehensive Income (Loss)
Beginning Balance at Dec. 31, 2018	$ 636,607	$ 271	$ 469,341	$ (2,288)	$ 170,486	$ (1,203)
Beginning Balance (in shares) at Dec. 31, 2018		26,949,936		104,063
Issuance of restricted stock awards (in shares)		8,063
Stock based compensation	911		911
Forfeiture of restricted stock awards			40	$ (40)
Forfeiture of restricted stock awards (in shares)		(1,276)		1,276
Purchase of treasury stock	(7,553)			$ (7,553)
Purchase of treasury stock (in shares)		(247,312)		247,312
Net income (loss)	14,788				14,788
Other comprehensive income (loss)	1,463					1,463
Ending Balance at Mar. 31, 2019	646,216	$ 271	470,292	$ (9,881)	185,274	260
Ending Balance (in shares) at Mar. 31, 2019		26,709,411		352,651
Beginning Balance at Dec. 31, 2019	636,590	$ 271	473,251	$ (67,068)	229,030	1,106
Beginning Balance (in shares) at Dec. 31, 2019		24,964,961		2,198,681
Impact of adoption of ASU 2016-13 \| ASU 2016-13	(1,771)				(1,771)
Issuance of restricted stock awards		$ 1	(1)
Issuance of restricted stock awards (in shares)		8,079
Stock based compensation	1,168		1,168
Forfeiture of restricted stock awards			23	$ (23)
Forfeiture of restricted stock awards (in shares)		(601)		601
Purchase of treasury stock	(35,586)			$ (35,586)
Purchase of treasury stock (in shares)		(871,319)		871,319
Net income (loss)	(4,450)				(4,450)
Other comprehensive income (loss)	(6,604)					(6,604)
Ending Balance at Mar. 31, 2020	$ 589,347	$ 272	$ 474,441	$ (102,677)	$ 222,809	$ (5,498)
Ending Balance (in shares) at Mar. 31, 2020		24,101,120		3,070,601

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	Mar. 31, 2020	Mar. 31, 2019
Cash flows from operating activities:
Net income (loss)	$ (4,450,000)	$ 14,788,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation	2,232,000	1,961,000
Net accretion on loans	(2,134,000)	(1,557,000)
Amortization of subordinated notes issuance costs	20,000	27,000
Amortization of junior subordinated debentures	123,000	117,000
Net amortization on securities	(79,000)	174,000
Amortization of intangible assets	2,078,000	2,402,000
Deferred taxes	(3,083,000)	389,000
Credit loss expense	17,361,000	1,014,000
Stock based compensation	1,168,000	911,000
Net (gains) losses on sale of debt securities	(38,000)	11,000
Net (gains) losses on equity securities	(241,000)	(139,000)
Origination of loans held for sale	(7,775,000)	(4,010,000)
Purchases of loans held for sale	(7,737,000)
Proceeds from sale of loans originated for sale	14,233,000	5,594,000
Net gains on sale of loans	(181,000)	(88,000)
Net (gains) losses on loans transferred to loans held for sale	(594,000)
Net OREO (gains) losses and valuation adjustments	257,000	(209,000)
Net change in operating leases	49,000	30,000
(Increase) decrease in other assets	1,470,000	(948,000)
Increase (decrease) in other liabilities	1,416,000	301,000
Net cash provided by (used in) operating activities	14,095,000	20,768,000
Cash flows from investing activities:
Purchases of securities available for sale	(63,674,000)	(60,146,000)
Proceeds from sales of securities available for sale		37,467,000
Proceeds from maturities, calls, and pay downs of securities available for sale	26,069,000	21,122,000
Proceeds from maturities, calls, and pay downs of securities held to maturity	295,000	220,000
Purchases of loans held for investment	(123,718,000)
Proceeds from sale of loans	31,296,000
Net change in loans	(130,951,000)	(4,452,000)
Net proceeds from sale of OREO	212,000
Purchases of premises and equipment, net	(4,053,000)	(3,500,000)
(Purchases) redemptions of FHLB stock, net	(17,220,000)	(5,248,000)
Net cash provided by (used in) investing activities	(281,744,000)	(14,537,000)
Cash flows from financing activities:
Net increase (decrease) in deposits	(107,891,000)	(135,909,000)
Increase (decrease) in customer repurchase agreements	1,660,000	(758,000)
Increase (decrease) in Federal Home Loan Bank advances	420,000,000	75,000,000
Purchase of treasury stock	(35,586,000)	(7,553,000)
Net cash provided by (used in) financing activities	278,183,000	(69,220,000)
Net increase (decrease) in cash and cash equivalents	10,534,000	(62,989,000)
Cash and cash equivalents at beginning of period	197,880,000	234,939,000
Cash and cash equivalents at end of period	208,414,000	171,950,000
Supplemental cash flow information:
Interest paid	12,874,000	10,164,000
Income taxes paid, net	18,000	42,000
Cash paid for operating lease liabilities	1,049,000	1,023,000
Supplemental noncash disclosures:
Loans transferred to OREO		804,000
Lease liabilities arising from obtaining right-of-use assets	7,000	530,000
Securities available for sale purchased, not settled	24,425,000
Loans transferred to loans held for sale	30,938,000	$ 0
Assets transferred to assets held for sale	$ 97,895,000

Summary of Significant Accounting Policies

3 Months Ended

Mar. 31, 2020

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Nature of Operations

Triumph Bancorp, Inc. (collectively with its subsidiaries, “Triumph”, or the “Company” as applicable) is a financial holding company headquartered in Dallas, Texas. 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 subsidiary Advance Business Capital LLC, which currently operates under the d/b/a of Triumph Business Capital (“TBC”), and TBK Bank’s wholly owned subsidiary Triumph Insurance Group, Inc. (“TIG”).

Principles of Consolidation and 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. Accordingly, the condensed financial statements do not include all of the information and footnotes required by GAAP for complete financial statements. The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates.

In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all normal and recurring adjustments considered necessary for a fair presentation. Transactions between the subsidiaries have been eliminated. These condensed consolidated financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2019. Operating results for the three months ended March 31, 2020 are not necessarily indicative of the results that may be expected for the year ending December 31, 2020.

The Company has three reportable segments consisting of Banking, Factoring, and Corporate. The Company’s Chief Executive Officer uses segment results to make operating and strategic decisions.

Risks and Uncertainties

The outbreak of COVID-19 has adversely impacted a broad range of industries in which the Company’s customers operate and could impair their ability to fulfill their financial obligations to the Company. The World Health Organization has declared COVID-19 to be a global pandemic indicating that almost all public commerce and related business activities must be, to varying degrees, curtailed with the goal of decreasing the rate of new infections. The spread of the outbreak has caused significant disruptions in the U.S. economy and has disrupted banking and other financial activity in the areas in which the Company operates. While there has been no material impact to the Company’s employees to date, COVID-19 could also potentially create widespread business continuity issues for the Company.

Congress, the President, and the Federal Reserve have taken several actions designed to cushion the economic fallout. Most notably, the Coronavirus Aid, Relief and Economic Security (“CARES”) Act was signed into law at the end of March 2020 as a $2 trillion legislative package. The goal of the CARES Act is to prevent a severe economic downturn through various measures, including direct financial aid to American families and economic stimulus to significantly impacted industry sectors. The package also includes extensive emergency funding for hospitals and providers. In addition to the general impact of COVID-19, certain provisions of the CARES Act as well as other recent legislative and regulatory relief efforts are expected to have a material impact on the Company’s operations.

The Company’s business is dependent upon the willingness and ability of its employees and customers to conduct banking and other financial transactions. If the global response to contain COVID-19 escalates further or is unsuccessful, the Company could experience a material adverse effect on its business, financial condition, results of operations and cash flows. While it is not possible to know the full universe or extent that the impact of COVID-19, and resulting measures to curtail its spread, will have on the Company’s operations, the Company disclosing potentially material items of which it is aware.

Financial position and results of operations

The Company’s fee income could be reduced due to COVID-19. In keeping with guidance from regulators, the Company is actively working with COVID-19 affected customers to waive fees from a variety of sources, such as, but not limited to, insufficient funds and overdraft fees, ATM fees, account maintenance fees, etc. These reductions in fees are thought, at this time, to be temporary in conjunction with the length of the expected COVID-19 related economic crisis. At this time, the Company is unable to project the materiality of such an impact, but recognize the breadth of the economic impact is likely to impact its fee income in future periods.

The Company’s interest income could be reduced due to COVID-19. In keeping with guidance from regulators, the Company is actively working with COVID-19 affected borrowers to defer their payments, interest, and fees. While interest and fees will still accrue to income, through normal GAAP accounting, should eventual credit losses on these deferred payments emerge, interest income and fees accrued would need to be reversed. In such a scenario, interest income in future periods could be negatively impacted. At this time, the Company is unable to project the materiality of such an impact, but recognizes the breadth of the economic impact may affect its borrowers’ ability to repay in future periods.

Capital and liquidity

While the Company believes that it has sufficient capital to withstand an extended economic recession brought about by COVID-19, its reported and regulatory capital ratios could be adversely impacted by further credit losses. The Company relies on cash on hand as well as dividends from its subsidiary bank to service its debt. If the Company’s capital deteriorates such that its subsidiary bank is unable to pay dividends to it for an extended period of time, the Company may not be able to service its debt.

The Company maintains access to multiple sources of liquidity. Wholesale funding markets have remained open to us, but rates for short term funding have recently been volatile. If funding costs are elevated for an extended period of time, it could have an adverse effect on the Company’s net interest margin. If an extended recession caused large numbers of the Company’s deposit customers to withdraw their funds, the Company might become more reliant on volatile or more expensive sources of funding.

Asset valuation

Currently, the Company does not expect COVID-19 to affect its ability to account timely for the assets on its balance sheet; however, this could change in future periods. While certain valuation assumptions and judgments will change to account for pandemic-related circumstances such as widening credit spreads, the Company does not anticipate significant changes in methodology used to determine the fair value of assets measured in accordance with GAAP.

COVID-19 could cause a further and sustained decline in the Company’s stock price or the occurrence of what management would deem to be a triggering event that could, under certain circumstances, cause us to perform a goodwill impairment test and result in an impairment charge being recorded for that period. In the event that the Company concludes that all or a portion of its goodwill is impaired, a non-cash charge for the amount of such impairment would be recorded to earnings. Such a charge would have no impact on tangible capital or regulatory capital.

It is possible that the lingering effects of COVID-19 could cause the occurrence of what management would deem to be a triggering event that could, under certain circumstances, cause us to perform an intangible asset impairment test and result in an impairment charge being recorded for that period. In the event that the Company concludes that all or a portion of its intangible assets are impaired, a non-cash charge for the amount of such impairment would be recorded to earnings. Such a charge would have no impact on tangible capital or regulatory capital.

Processes, controls and business continuity plan

The Company has invoked its Board approved Pandemic Preparedness Plan that includes a remote working strategy. The Company does not anticipate incurring additional material cost related to its continued deployment of the remote working strategy. No material operational or internal control challenges or risks have been identified to date. The Company does not anticipate significant challenges to its ability to maintain its systems and controls in light of the measures the Company has taken to prevent the spread of COVID-19. The Company does not currently face any material resource constraint through the implementation of its business continuity plans.

Lending operations and accommodations to borrowers

In keeping with regulatory guidance to work with borrowers during this unprecedented situation and as outlined in the CARES Act, the Company is executing a payment deferral program for its commercial lending clients that are adversely affected by the pandemic. Depending on the demonstrated need of the client, the Company is deferring either the full loan payment or the principal component of the loan payment for 60 or 90 days. As of April 15, 2020, the Company has executed 404 of these deferrals on outstanding loan balances of $233,000,000. The Company had 397 additional deferral requests representing $276,000,000 in outstanding balances that were in process. In accordance with interagency guidance issued in March 2020, these short term deferrals are not considered troubled debt restructurings.

With the passage of the Paycheck Protection Program (“PPP”), administered by the Small Business Administration (“SBA”), the Company is actively participating in assisting its customers with applications for resources through the program. PPP loans have a two-year term and earn interest at 1%. The Company believes that the majority of these loans will ultimately be forgiven by the SBA in accordance with the terms of the program. As of April 17, 2020, the Company has closed or approved with the SBA 732 PPP loans representing $158,000,000 in funding. It is the Company’s understanding that loans funded through the PPP program are fully guaranteed by the U.S. government. Should those circumstances change, the Company could be required to establish additional allowance for credit loss through additional credit loss expense charged to earnings.

Further, in sensitivity and service to its communities during this unprecedented time, the Company is waiving late payment and overdraft fees and has temporarily suspended collection efforts on past due loans.

Credit

The Company is working with customers directly affected by COVID-19. The Company is prepared to offer short-term assistance in accordance with regulator guidelines. As a result of the current economic environment caused by the COVID-19 virus, the Company is engaging in more frequent communication with borrowers to better understand their situation and the challenges faced, allowing it to respond proactively as needs and issues arise. Should economic conditions worsen, the Company could experience further increases in its required allowance for credit losses (“ACL”) and record additional credit loss expense. It is possible that the Company’s asset quality measures could worsen at future measurement periods if the effects of COVID-19 are prolonged.

Held to Maturity Securities

At March 31, 2020, the Company held $8,343,000 in subordinated notes of CLO securities managed by its former subsidiary. 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. Thus, the Company may not receive the full amount of cash distributions it expects to receive, which would cause it to record additional allowance for credit losses with a corresponding charge to credit loss expense through earnings.

Transportation

The Company’s transportation businesses may be affected by COVID-19 and the additional impact from low oil prices. The global supply disruption from China, in combination with the U.S. supply chain challenges due to business closures, shelter in place orders and an overall decrease in consumer demand could have a material impact on freight volumes in the U.S., as early as the second quarter of 2020.

Debt Securities

The Company determines the classification of debt securities at the time of purchase. Debt securities that management has the positive intent and ability to hold to maturity are classified as held to maturity and recorded at amortized cost. Trading securities are recorded at fair value with changes in fair value included in earnings. Debt securities not classified as held to maturity or trading are classified as available for sale and recorded at fair value, with unrealized gains and losses excluded from earnings and reported in other comprehensive income (loss), net of tax.

Gains and losses on the sale of securities are recorded on the trade date and are determined using the specific-identification method. Amortization of premiums and discounts are recognized in interest income over the period to maturity using the interest method, except for premiums on callable debt securities, which are amortized to their earliest call date.

The Company has made a policy election to exclude accrued interest from the amortized cost basis of debt securities and report accrued interest separately in other assets in the consolidated balance sheets. A debt security is placed on nonaccrual status at the time any principal or interest payments become more than 90 days delinquent or if full collection of interest or principal becomes uncertain. Accrued interest for a security placed on nonaccrual is reversed against interest income. There was no accrued interest related to debt securities reversed against interest income for the three months ended March 31, 2020 and 2019.

Allowance for Credit Losses – Available for Sale Securities

For available for sale debt securities in an unrealized loss position, the Company evaluates the securities to determine whether the decline in the fair value below the amortized cost basis (impairment) is due to credit-related factors or noncredit-related factors. Any impairment that is not credit related is recognized in other comprehensive income, net of applicable taxes. Credit-related impairment is recognized as an allowance for credit losses (“ACL”) on the balance sheet, limited to the amount by which the amortized cost basis exceeds the fair value, with a corresponding adjustment to earnings. Both the ACL and the adjustment to net income may be reversed if conditions change. However, if the Company intends to sell an impaired available for sale debt security or more likely than not will be required to sell such a security before recovering its amortized cost basis, the entire impairment amount must be recognized in earnings with a corresponding adjustment to the security’s amortized cost basis. Because the security’s amortized cost basis is adjusted to fair value, there is no ACL in this situation.

In evaluating available for sale debt securities in unrealized loss positions for impairment and the criteria regarding its intent or requirement to sell such securities, the Company considers the extent to which fair value is less than amortized cost, whether the securities are issued by the federal government or its agencies, whether downgrades by bond rating agencies have occurred, and the results of reviews of the issuers’ financial condition, among other factors.

Changes in the allowance for credit losses are recorded as provision for (or reversal of) credit loss expense. Losses are charged against the ACL when management believes the uncollectability of an available for sale debt security is confirmed or when either of the criteria regarding intent or requirement to sell is met.

Accrued interest receivable is excluded from the estimate of credit losses.

Allowance for Credit Losses – Held to Maturity Securities

The allowance for credit losses on held to maturity securities is estimated on a collective basis by major security type. At March 31, 2020 and December 31, 2019, the Company’s held to maturity securities consisted of investments in the subordinated notes of collateralized loan obligation (“CLO”) funds. Expected credit losses for these securities are estimated using a loss rate methodology which considers historical credit loss information that is adjusted for current conditions and reasonable and supportable forecasts.

Accrued interest receivable is excluded from the estimate of credit losses.

Loans

Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at their amortized cost basis, which is the unpaid principal balance outstanding, net of unearned income, deferred loan fees and costs, premiums and discounts associated with acquisition date fair value adjustments on acquired loans, and any direct principal charge-offs. The Company has made a policy election to exclude accrued interest from the amortized cost basis of loans and report accrued interest separately from the related loan balance in other assets on consolidated balance sheets.

Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income over the remaining life of the loan without anticipating prepayments.

Loans are considered past due or delinquent when the contractual principal or interest due in accordance with the terms of the loan agreement or any portion thereof remains unpaid after the due date of the scheduled payment. Loans are classified as nonaccrual when, in the opinion of management, collection of principal or interest is doubtful. The accrual of interest income on loans is typically discontinued at the time the loan is 90 days delinquent unless the loan is well-secured and in process of collection, or if full collection of interest or principal becomes uncertain. Consumer loans are typically charged off no later than 120 days past due. All interest accrued but not received for a loan placed on nonaccrual is reversed against interest income. Interest received on such loans is accounted for on the cash-basis or cost recovery method, until qualifying for return to accrual. Under the cost-recovery method, interest income is not recognized until the loan balance is reduced to zero. Under the cash basis method, interest income is recorded when the payment is received in cash. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured.

Factored Receivables

The Company purchases invoices from its factoring clients in schedules or batches. Cash is advanced to the client to the extent of the applicable advance rate, less fees, as set forth in the individual factoring agreements. The face value of the invoices purchased are recorded by the Company as factored receivables, and the unadvanced portions of the invoices purchased, less fees, are considered client reserves. The client reserves are held to settle any payment disputes or collection shortfalls, may be used to pay clients’ obligations to various third parties as directed by the client, are periodically released to or withdrawn by clients, and are reported as deposits in the consolidated balance sheets.

Unearned factoring fees and unearned net origination fees are deferred and recognized over the weighted average collection period for each client. Subsequent factoring fees are recognized in interest income as incurred by the client and deducted from the clients’ reserve balances.

Other factoring-related fees, which include wire transfer fees, carrier payment fees, fuel advance fees, and other similar fees, are reported by the Company as non-interest income as incurred by the client.

Acquired Loans

Acquired loans are recorded at fair value at the date of acquisition based on a discounted cash flow methodology that considers various factors including the type of loan and related collateral, classification status, fixed or variable interest rate, term of loan and whether or not the loan was amortizing, and a discount rate reflecting the Company’s assessment of risk inherent in the cash flow estimates. Certain larger purchased loans are individually evaluated while certain purchased loans are grouped together according to similar risk characteristics and are treated in the aggregate when applying various valuation techniques. These cash flow evaluations are inherently subjective as they require material estimates, all of which may be susceptible to significant change.

Prior to January 1, 2020, loans acquired in a business combination that had evidence of deterioration of credit quality since origination and for which it was probable, at acquisition, that the Company would be unable to collect all contractually required payments receivable were considered purchased credit impaired (“PCI”). PCI loans were individually evaluated and recorded at fair value at the date of acquisition with no initial valuation allowance based on a discounted cash flow methodology that considered various factors including the type of loan and related collateral, classification status, fixed or variable interest rate, term of loan and whether or not the loan was amortizing, and a discount rate reflecting the Company’s assessment of risk inherent in the cash flow estimates. The difference between the undiscounted cash flows expected at acquisition and the investment in the loan, or the “accretable yield,” was recognized as interest income on a level-yield method over the life of the loan. Contractually required payments for interest and principal that exceed the undiscounted cash flows expected at acquisition, or the “nonaccretable difference,” were not recognized on the balance sheet and did not result in any yield adjustments, loss accruals or valuation allowances. Increases in expected cash flows, including prepayments, subsequent to the initial investment were recognized prospectively through adjustment of the yield on the loan over its remaining life. Decreases in expected cash flows were recognized as impairment. Valuation allowances on PCI loans reflected only losses incurred after the acquisition (meaning the present value of all cash flows expected at acquisition that ultimately were not to be received).

Subsequent to January 1, 2020, loans acquired in a business combination that have experienced more-than-insignificant deterioration in credit quality since origination are considered purchased credit deteriorated (“PCD”) loans. At the acquisition date, an estimate of expected credit losses is made for groups of PCD loans with similar risk characteristics and individual PCD loans without similar risk characteristics. This initial allowance for credit losses is allocated to individual PCD loans and added to the purchase price or acquisition date fair values to establish the initial amortized cost basis of the PCD loans. As the initial allowance for credit losses is added to the purchase price, there is no credit loss expense recognized upon acquisition of a PCD loan. Any difference between the unpaid principal balance of PCD loans and the amortized cost basis is considered to relate to noncredit factors and results in a discount or premium. Discounts and premiums are recognized through interest income on a level-yield method over the life of the loans. All loans considered to be PCI prior to January 1, 2020 were converted to PCD on that date.

For acquired loans not deemed purchased credit deteriorated at acquisition, the differences between the initial fair value and the unpaid principal balance are recognized as interest income on a level-yield basis over the lives of the related loans. At the acquisition date, an initial allowance for expected credit losses is estimated and recorded as credit loss expense.

The subsequent measurement of expected credit losses for all acquired loans is the same as the subsequent measurement of expected credit losses for originated loans.

Allowance for Credit Losses – Loans

Under the current expected credit loss model, the allowance for credit losses on loans is a valuation allowance estimated at each balance sheet date in accordance with US GAAP that is deducted from the loans’ amortized cost basis to present the net amount expected to be collected on the loans.

The Company estimates the ACL on loans based on the underlying assets’ amortized cost basis, which is the amount at which the financing receivable is originated or acquired, adjusted for applicable accretion or amortization of premium, discount, and net deferred fees or costs, collection of cash, and charge-offs. In the event that collection of principal becomes uncertain, the Company has policies in place to reverse accrued interest in a timely manner. Therefore, the Company has made a policy election to exclude accrued interest from the measurement of ACL.

Expected credit losses are reflected in the allowance for credit losses through a charge to credit loss expense. When the Company deems all or a portion of a financial asset to be uncollectible the appropriate amount is written off and the ACL is reduced by the same amount. The Company applies judgment to determine when a financial asset is deemed uncollectible; however, generally speaking, an asset will be considered uncollectible no later than when all efforts at collection have been exhausted. Subsequent recoveries, if any, are credited to the ACL when received.

The Company measures expected credit losses of financial assets on a collective (pool) basis, when the financial assets share similar risk characteristics. Depending on the nature of the pool of financial assets with similar risk characteristics, the Company uses a discounted cash flow (“DCF”) method or a loss-rate method to estimate expected credit losses.

The Company’s methodologies for estimating the ACL consider available relevant information about the collectability of cash flows, including information about past events, current conditions, and reasonable and supportable forecasts. The methodologies apply historical loss information, adjusted for asset-specific characteristics, economic conditions at the measurement date, and forecasts about future economic conditions expected to exist through the contractual lives of the financial assets that are reasonable and supportable, to the identified pools of financial assets with similar risk characteristics for which the historical loss experience was observed. The Company’s methodologies revert back to historical loss information on a straight line basis over eight quarters when it can no longer develop reasonable and supportable forecasts.

The Company has identified the following pools of financial assets with similar risk characteristics for measuring expected credit losses:

Commercial Real Estate — This category of loans consists of the following loan types:

Non-farm Non-residential — This category includes real estate loans for a variety of commercial property types and purposes, including owner occupied commercial real estate loans primarily secured by commercial office or industrial buildings, warehouses or retail buildings where the owner of the building occupies the property. Repayment terms vary considerably, interest rates are fixed or variable, and are structured for full, partial, or no amortization of principal. This category also includes investment real estate loans that are primarily secured by office and industrial buildings, warehouses, small retail shopping centers and various special purpose properties. Generally, these types of loans are thought to involve a greater degree of credit risk than owner occupied commercial real estate as they are more sensitive to adverse economic conditions.

Multi-family residential — Investment real estate loans are primarily secured by non-owner occupied apartment or multifamily residential buildings. Generally, these types of loans are thought to involve a greater degree of credit risk than owner occupied commercial real estate as they are more sensitive to adverse economic conditions.

Construction, land development, land —This category of loans consists of loans to finance the ground up construction, improvement and/or carrying for sale after the completion of construction of owner occupied and non-owner occupied residential and commercial properties, and loans secured by raw or improved land. The repayment of construction loans is generally dependent upon the successful completion of the improvements by the builder for the end user, or sale of the property to a third party. Repayment of land secured loans are dependent upon the successful development and sale of the property, the sale of the land as is, or the outside cash flow of the owners to support the retirement of the debt.

1-4 family residential — This category of loans includes both first and junior liens on residential real estate. Home equity revolving lines of credit and home equity term loans are included in this group of loans.

Farmland — These loans are principally loans to purchase farmland.

Commercial — Commercial loans are loans for commercial, corporate and business purposes. The Company’s commercial business loan portfolio is comprised of loans for a variety of purposes and across a variety of industries. These loans include general commercial and industrial loans, loans to purchase capital equipment, agriculture operating loans and other business loans for working capital and operational purposes. Commercial loans are generally secured by accounts receivable, inventory and other business assets.

A portion of the commercial loan portfolio consists of specialty commercial finance products as follows:

Equipment — Equipment finance loans are commercial loans primarily secured by new or used revenue producing, essential-use equipment from major manufacturers that is movable, may be used in more than one type of business, and generally has broad resale markets. Core markets include transportation, construction, and waste. Loan terms do not exceed the economic life of the equipment and typically are 60 months or less.

Asset-based Lending — These loans are originated to borrowers to support general working capital needs. The asset-based loan structure involves advances of loan proceeds against a borrowing base which typically consists of accounts receivable, identified readily marketable inventory, or other collateral of the borrower. The maximum amount a customer may borrow at any time is fixed as a percentage of the borrowing base outstanding.

A portion of the commercial loan portfolio also consists of national lending products as follows:

Liquid Credit — Broadly syndicated leveraged loans secured by a variety of collateral types.

Premium Finance — Loans that provide customized premium financing solutions for the acquisition of property and casualty insurance coverage. In effect, these short term premium finance loans allow insureds to pay their insurance premiums over the life of the underlying policy, instead of paying the entire premium at the outset.

Factored Receivables — The Company operates as a factor by purchasing accounts receivable from its clients, then collecting the receivable from the account debtor. The Company’s smaller factoring relationships are typically structured as “non-recourse” relationships (i.e., the Company retains the credit risk associated with the ability of the account debtor on a purchased invoice to ultimately make payment) and the Company’s larger factoring relationships are typically structured as “recourse” relationships (i.e., the Company’s client agrees to repurchase any invoices for which payment is not ultimately received from the account debtor). Advances initially made to the client to acquire the receivables are typically at a discount to the invoice value. The discount balance is held in client reserves, net of the Company’s compensation. The client reserves are held to settle any payment disputes or collection shortfalls, may be used to pay clients’ obligations to various third parties as directed by the client, are periodically released to or withdrawn by clients, and are reported as deposits.

Consumer — Loans used for personal use typically on an unsecured basis.

Mortgage Warehouse — Mortgage Warehouse facilities are provided to unaffiliated mortgage origination companies and are collateralized by 1-4 family residential loans. The originator closes new mortgage loans with the intent to sell these loans to third party investors for a profit. The Company provides funding to the mortgage companies for the period between the origination and their sale of the loan. The Company has a policy that requires that it separately validate that each residential mortgage loan was underwritten consistent with the underwriting requirements of the final investor or market standards prior to advancing funds. The Company is repaid with the proceeds received from sale of the mortgage loan to the final investor.

Discounted Cash Flow Method

The Company uses the discounted cash flow method to estimate expected credit losses for the commercial real estate, construction, land development, land, 1-4 family residential, commercial (excluding liquid credit and premium finance), and consumer loan pools. For each of these loan segments, the Company generates cash flow projections at the instrument level wherein payment expectations are adjusted for estimated prepayment speed, curtailments, time to recovery, probability of default, and loss given default. The modeling of expected prepayment speeds, curtailment rates, and time to recovery are based on historical internal data.

The Company uses regression analysis of historical internal and peer data to determine suitable loss drivers to utilize when modeling lifetime probability of default and loss given default. This analysis also determines how expected probability of default and loss given default will react to forecasted levels of the loss drivers. For all loan pools utilizing the DCF method, management utilizes and forecasts national unemployment as a loss driver. Management also utilizes and forecasts either one-year percentage change in national retail sales, one-year percentage change in the national home price index, or one-year percentage change in national gross domestic product 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.

For all DCF models, management has determined that four quarters represents a reasonable and supportable forecast period and reverts back to a historical loss rate over eight quarters on a straight-line basis. Management leverages economic projections from a reputable and independent third party to inform its loss driver forecasts over the four-quarter forecast period. Other internal and external indicators of economic forecasts are also considered by management when developing the forecast metrics.

The combination of adjustments for credit expectations (default and loss) and timing expectations (prepayment, curtailment, and time to recovery) produces an expected cash flow stream at the instrument level. Instrument effective yield is calculated, net of the impacts of prepayment assumptions, and the instrument expected cash flows are then discounted at that effective yield to produce an instrument-level net present value of expected cash flows (“NPV”). An ACL is established for the difference between the instrument’s NPV and amortized cost basis.

Loss-Rate Method

The Company uses a loss-rate method to estimate expected credit losses for the farmland, liquid credit, premium finance, factored receivable, and mortgage warehouse loan pools. For each of these loan segments, the Company applies an expected loss ratio based on internal and peer historical losses adjusted as appropriate for qualitative factors. Qualitative loss factors are based on management's judgment of company, market, industry or business specific data, changes in underlying loan composition of specific portfolios, trends relating to credit quality, delinquency, non-performing and adversely rated loans, and reasonable and supportable forecasts of economic conditions.

Collateral Dependent Financial Assets

Loans that do not share risk characteristics are evaluated on an individual basis. For collateral dependent financial assets where the Company has determined that foreclosure of the collateral is probable, or where the borrower is experiencing financial difficulty and the Company expects repayment of the financial asset to be provided substantially through the operation or sale of the collateral, the ACL is measured based on the difference between the fair value of the collateral and the amortized cost basis of the asset as of the measurement date. When repayment is expected to be from the operation of the collateral, expected credit losses are calculated as the amount by which the amortized cost basis of the financial asset exceeds the present value of expected cash flows from the operation of the collateral. When repayment is expected to be from the sale of the collateral, expected credit losses are calculated as the amount by which the amortized costs basis of the financial asset exceeds the fair value of the underlying collateral less estimated cost to sell. The ACL may be zero if the fair value of the collateral at the measurement date exceeds the amortized cost basis of the financial asset.

The Company’s estimate of the ACL reflects losses expected over the remaining contractual life of the assets. The contractual term does not consider extensions, renewals or modifications unless the Company has identified an expected troubled debt restructuring.

A loan that has been modified or renewed is considered a troubled debt restructuring (“TDR”) when two conditions are met: 1) the borrower is experiencing financial difficulty and 2) concessions are made for the borrower's benefit that would not otherwise be considered for a borrower or transaction with similar credit risk characteristics. The Company’s ACL reflects all effects of a TDR when an individual asset is specifically identified as a reasonably expected TDR. The Company has determined that a TDR is reasonably expected no later than the point when the lender concludes that modification is the best course of action and it is at least reasonably possible that the troubled borrower will accept some form of concession from the lender to avoid a default. Reasonably expected TDRs and executed non-performing TDRs are evaluated individually to determine the required ACL. TDRs performing in accordance with their modified contractual terms for a reasonable period of time may be included in the Company’s existing pools based on the underlying risk characteristics of the loan to measure the ACL.

Loan Commitments and Allowance for Credit Losses on Off-Balance Sheet Credit Exposures

Financial instruments include off-balance sheet credit instruments, such as commitments to make loans, commitments to purchase broadly syndicated loans, and commercial letters of credit, issued to meet customer financing needs. The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for off-balance sheet loan commitments is represented by the contractual amount of those instruments. Such financial instruments are recorded when they are funded.

The Company records an allowance for credit losses on off-balance sheet credit exposures, unless the commitments to extend credit are unconditionally cancelable, through a charge to credit loss expense for off-balance sheet credit exposures included in other noninterest expense in the Company’s consolidated statements of income. The ACL on off-balance sheet credit exposures is estimated by loan segment at each balance sheet date under the current expected credit loss model using the same methodologies as portfolio loans, taking into consideration the likelihood that funding will occur, and is included in other liabilities on the Company’s consolidated balance sheets.

Adoption of New Accounting Standards

In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” (“ASU 2016-13”). ASU 2016-13 makes significant changes to the accounting for credit losses on financial instruments presented on an amortized cost basis and disclosures about them. The new current expected credit loss (“CECL”) impairment model requires an estimate of expected credit losses, measured over the contractual life of an instrument, which considers reasonable and supportable forecasts of future economic conditions in addition to information about past events and current conditions. The standard provides significant flexibility and requires a high degree of judgment with regards to pooling financial assets with similar risk characteristics and adjusting the relevant historical loss information in order to develop an estimate of expected lifetime losses. ASU 2016-13 permits the use of estimation techniques that are practical and relevant to the Company’s circumstances, as long as they are applied consistently over time and faithfully estimate expected credit losses in accordance with the standard. The ASU lists several common credit loss methods that are acceptable such as a discounted cash flow (“DCF”) method, loss-rate method and roll-rate method. In addition, ASU 2016-13 amends the accounting for credit losses on debt securities and purchased financial assets with credit deterioration.

The Company adopted ASU 2016-13 on January 1, 2020 using the modified retrospective approach. Results for the periods beginning after January 1, 2020 are presented under Accounting Standards Codification (“ASC”) 326 while prior period amounts continue to be reported in accordance with previously applicable US GAAP. The Company recorded a net reduction of retained earnings of $1,771,000 upon adoption. The transition adjustment includes an increase in the allowance for credit losses on loans of $269,000, an increase in the allowance for credit losses on held to maturity debt securities of $126,000, and an increase in the allowance for credit losses on off-balance sheet credit exposures of $1,918,000, net of the corresponding increases in deferred tax assets of $542,000.

The Company adopted ASU 2016-13 using the prospective transition approach for financial assets purchased with credit deterioration (“PCD”) that were previously classified as purchased credit impaired (“PCI”) and accounted for under ASC 310-30. In accordance with the standard, the Company did not reassess whether PCI assets met the criteria of PCD assets as of the date of adoption. The remaining discount on the PCD assets was determined to be related to noncredit factors and will be accreted into interest income on a level-yield method over the life of the loans.

In January 2017, the FASB issued ASU 2017-04, “Intangibles - Goodwill and Other (Topic 350) - Simplifying the Test for Goodwill Impairment” (“ASU 2017-04”). ASU 2017-04 simplifies the accounting for goodwill impairment for all entities by requiring impairment charges to be based on the first step in the previous two-step impairment test. Under the new guidance, if a reporting unit’s carrying amount exceeds its fair value, an entity will record an impairment charge based on that difference. The impairment charge will be limited to the amount of goodwill allocated to that reporting unit. The standard eliminates the prior requirement to calculate a goodwill impairment charge using Step 2, which requires an entity to calculate any impairment charge by comparing the implied fair value of goodwill with its carrying amount. ASU 2017-04 was effective for the Company on January 1, 2020 and did not have a material impact on the Company’s financial statements.

In August 2018, the FASB issued ASU 2018-13, “Fair Value Measurement (Topic 820) - Changes to the Disclosure Requirements for Fair Value Measurement” (“ASU 2018-13”). ASU 2018-13 modifies the disclosure requirements on fair value measurements by requiring that Level 3 fair value disclosures include the range and weighted average of significant unobservable inputs used to develop those fair value measurements. For certain unobservable inputs, an entity may disclose other quantitative information in lieu of the weighted average if the entity determines that other quantitative information would be a more reasonable and rational method to reflect the distribution of unobservable inputs used to develop Level 3 fair value measurements. ASU 2018-13 was effective for the Company on January 1, 2020 and did not have a material impact on the Company’s financial statement disclosures.

In August 2018, the FASB issued ASU 2018-15, “Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40) - Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract” (“ASU 2018-15”). ASU 2018-15 aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal use software license). The accounting for the service element of a hosting arrangement that is a service contract is not affected by these amendments. ASU 2018-15 was effective for the Company on January 1, 2020 and did not have a material impact on the Company’s financial statements.

In March 2020, various regulatory agencies, including the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation, (“the agencies”) issued an interagency statement on loan modifications and reporting for financial institutions working with customers affected by the Coronavirus. The interagency statement was effective immediately and impacted accounting for loan modifications. Under Accounting Standards Codification 310-40, “Receivables – Troubled Debt Restructurings by Creditors,” (“ASC 310-40”), a restructuring of debt constitutes a troubled debt restructuring (“TDR”) if the creditor, for economic or legal reasons related to the debtor’s financial difficulties, grands a concession to the debtor that it would not otherwise consider. The agencies confirmed with the staff of the FASB that short-term modifications made on a good faith basis in response to COVID-19 to borrowers who were current prior to any relief, are not to be considered TDRs. This includes short-term (e.g., six months) modifications such as payment deferrals, fee waivers, extensions of repayment terms, or other delays in payment that are insignificant. Borrowers considered current are those that are less than 30 days past due on their contractual payments at the time a modification program is implemented. This interagency guidance is expected to have a material impact on the Company’s financial statements; however, this impact cannot be quantified at this time. See Note 4 of the condensed footnotes to the consolidated financial statements for disclosure of the impact to date.

Business Divestitures

3 Months Ended

Mar. 31, 2020

Business Combinations [Abstract]

Business Divestitures

NOTE 2 – Business DIVESTITURE

Triumph Premium Finance

On April 20, 2020, the Company entered into an agreement to sell the assets (the “Disposal Group”) of Triumph Premium Finance (“TPF”) and exit its premium finance line of business. The decision to sell TPF was made during the three months ended March 31, 2020, and at March 31, 2020, the carrying amount of the Disposal Group was transferred to assets held for sale.

A summary of the carrying amount of the assets in the Disposal Group transferred to held for sale at March 31, 2020 is as follows:

(Dollars in thousands)	March 31, 2020
Carrying amount of assets in the disposal group:
Loans	$	97,839
Premises and equipment, net		53
Other assets		3
Total carrying amount	$	97,895

The Disposal Group was included in the Banking segment, and the loans in the Disposal Group were previously included in the commercial loan portfolio.

Securities

3 Months Ended

Mar. 31, 2020

Investments Debt And Equity Securities [Abstract]

Securities

NOTE 3 - SECURITIES

Equity Securities With Readily Determinable Fair Values

The Company held equity securities with fair values of $5,678,000 and $5,437,000 at March 31, 2020 and December 31, 2019, respectively. The gross realized and unrealized losses recognized on equity securities with readily determinable fair values in noninterest income in the Company’s consolidated statements of income were as follows:

	Three Months Ended March 31,
(Dollars in thousands)	2020		2019
Unrealized gains (losses) on equity securities still held at the reporting date	$	241	$	139
Realized gains (losses) on equity securities sold during the period		—		—
	$	241	$	139

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:

				Gross		Gross			Allowance
(Dollars in thousands)	Amortized			Unrealized		Unrealized			for Credit		Fair
March 31, 2020	Cost			Gains		Losses			Losses		Value
Available for sale securities:
U.S. Government agency obligations	$	28,715		$	341	$	—		$	—	$	29,056
Mortgage-backed securities, residential		34,803			1,218		(42	)		—		35,979
Asset backed securities		7,688			—		(145	)		—		7,543
State and municipal		51,858			1,011		(6	)		—		52,863
CLO securities		136,007			—		(9,623	)		—		126,384
Corporate bonds		46,386			226		(216	)		—		46,396
SBA pooled securities		3,850			77		(26	)		—		3,901
Total available for sale securities	$	309,307		$	2,873	$	(10,058	)	$	—	$	302,122

				Gross		Gross
	Amortized			Unrecognized		Unrecognized			Fair
	Cost			Gains		Losses			Value
Held to maturity securities:
CLO securities	$	8,343		$	—	$	(1,601	)	$	6,742
Allowance for credit losses		(126	)
Total held to maturity securities, net of ACL	$	8,217

			Gross		Gross
(Dollars in thousands)	Amortized		Unrealized		Unrealized			Fair
December 31, 2019	Cost		Gains		Losses			Value
Available for sale securities:
U.S. Government agency obligations	$	39,679	$	115	$	(34	)	$	39,760
Mortgage-backed securities, residential		37,324		728		(36	)		38,016
Asset-backed securities		8,039		—		(80	)		7,959
State and municipal		31,746		327		(8	)		32,065
CLO Securities		75,592		39		(358	)		75,273
Corporate bonds		50,889		695		(1	)		51,583
SBA pooled securities		4,112		53		(1	)		4,164
Total available for sale securities	$	247,381	$	1,957	$	(518	)	$	248,820

			Gross		Gross
	Amortized		Unrecognized		Unrecognized			Fair
	Cost		Gains		Losses			Value
Held to maturity securities:
CLO securities	$	8,417	$	—	$	(1,510	)	$	6,907

The amortized cost and estimated fair value of debt securities at March 31, 2020, 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
	Amortized		Fair		Amortized		Fair
(Dollars in thousands)	Cost		Value		Cost		Value
Due in one year or less	$	66,466	$	66,604	$	—	$	—
Due from one year to five years		32,330		32,813		—		—
Due from five years to ten years		29,017		29,110		8,343		6,742
Due after ten years		135,153		126,172		—		—
		262,966		254,699		8,343		6,742
Mortgage-backed securities, residential		34,803		35,979		—		—
Asset backed securities		7,688		7,543		—		—
SBA pooled securities		3,850		3,901		—		—
	$	309,307	$	302,122	$	8,343	$	6,742

Proceeds from sales of debt securities and the associated gross gains and losses are as follows:

	Three Months Ended March 31,
(Dollars in thousands)	2020		2019
Proceeds	$	—	$	37,467
Gross gains	$	—	$	119
Gross losses	$	—	$	(130	)
Net gains and losses from calls of securities	$	38	$	—

Debt securities with a carrying amount of approximately $49,205,000 and $48,237,000 at March 31, 2020 and December 31, 2019, 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 $2,129,000 and $1,685,000 at March 31, 2020 and December 31, 2019, respectively, and was included in other assets in the consolidated balance sheets.

The following table summarizes available for sale debt securities in an unrealized loss position for which an allowance for credit losses has not been recorded, aggregated by investment category and length of time that individual securities have been in a continuous loss position:

	Less than 12 Months					12 Months or More					Total
(Dollars in thousands)	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
March 31, 2020	Value		Losses			Value		Losses			Value		Losses
Available for sale securities:
Mortgage-backed securities, residential	$	3,492	$	(36	)	$	481	$	(6	)	$	3,973	$	(42	)
Asset backed securities		555		(3	)		6,988		(142	)		7,543		(145	)
State and municipal		1,395		(1	)		1,898		(5	)		3,293		(6	)
CLO securities		70,039		(9,159	)		2,281		(464	)		72,320		(9,623	)
Corporate bonds		17,680		(215	)		149		(1	)		17,829		(216	)
SBA pooled securities		1,137		(26	)		8		—			1,145		(26	)
	$	94,298	$	(9,440	)	$	11,805	$	(618	)	$	106,103	$	(10,058	)

	Less than 12 Months					12 Months or More					Total
(Dollars in thousands)	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
December 31, 2019	Value		Losses			Value		Losses			Value		Losses
Available for sale securities:
U.S. Government agency obligations	$	—	$	—		$	12,331	$	(34	)	$	12,331	$	(34	)
Mortgage-backed securities, residential		3,549		(29	)		777		(7	)		4,326		(36	)
Asset-backed securities		2,986		(36	)		4,973		(44	)		7,959		(80	)
State and municipal		562		—			3,426		(8	)		3,988		(8	)
CLO Securities		58,160		(358	)		—		—			58,160		(358	)
Corporate bonds		—		—			149		(1	)		149		(1	)
SBA pooled securities		354		—			9		(1	)		363		(1	)
	$	65,611	$	(423	)	$	21,665	$	(95	)	$	87,276	$	(518	)

Management evaluates available for sale debt securities in unrealized loss positions to determine whether the impairment is due to credit-related factors or noncredit-related factors. Consideration is given to (1) the extent to which the fair value is less than cost, (2) the financial condition and near-term prospects of the issuer, and (3) the intent and ability of the Company to retain its investment in the security for a period of time sufficient to allow for any anticipated recovery in fair value.

At March 31, 2020, the Company had 97 available for sale debt securities in an unrealized loss position without an allowance for credit losses. The majority of the unrealized losses at March 31, 2020 were from 17 CLO securities that represent investments in highly rated instruments for which the Company holds a favorable position in the cash flow waterfall. Management does not have the intent to sell any of these securities and believes that it is more likely than not that the Company will not have to sell any such securities before a recovery of cost. The fair value is expected to recover as the securities approach their maturity date or repricing date or if market yields for such investments decline. Accordingly, as of March 31, 2020, management believes that the unrealized losses detailed in the previous table are due to noncredit-related factors, including changes in interest rates and other market conditions, and therefore no losses have been recognized in the Company’s consolidated statements of income.

The following table presents the activity in the allowance for credit losses for held to maturity debt securities:

(Dollars in thousands)	Held to Maturity
Three months ended March 31, 2020	CLO Securities
Allowance for credit losses:
Beginning balance	$	—
Impact of adopting ASC 326		126
Credit loss expense		—
Allowance for credit losses ending balance	$	126

The Company’s held to maturity securities are investments in the unrated subordinated notes of collateralized loan obligation funds. There were no past due or nonaccrual held to maturity securities at March 31, 2020.

Loans and Allowance for Credit Losses

3 Months Ended

Mar. 31, 2020

Loans And Leases Receivable Disclosure [Abstract]

Loans and Allowance for Credit Losses

NOTE 4 - LOANS AND ALLOWANCE FOR CREDIT LOSSES

Loans Held for Sale

The following table presents loans held for sale:

(Dollars in thousands)	March 31, 2020		December 31, 2019
1-4 family residential	$	4,180	$	2,735
Commercial		251		—
Total loans held for sale	$	4,431	$	2,735

Loans Held for Investment

The following table presents the amortized cost and unpaid principal balance of loans held for investment:

	March 31, 2020								December 31, 2019
	Amortized			Unpaid					Amortized			Unpaid
(Dollars in thousands)	Cost			Principal		Difference			Cost			Principal		Difference
Commercial real estate	$	985,757		$	990,063	$	(4,306	)	$	1,046,961		$	1,051,684	$	(4,723	)
Construction, land development, land		198,050			199,638		(1,588	)		160,569			162,335		(1,766	)
1-4 family residential		169,703			170,506		(803	)		179,425			180,340		(915	)
Farmland		133,579			134,507		(928	)		154,975			156,995		(2,020	)
Commercial		1,412,822			1,416,913		(4,091	)		1,342,683			1,346,444		(3,761	)
Factored receivables		661,100			663,105		(2,005	)		619,986			621,697		(1,711	)
Consumer		20,326			20,383		(57	)		21,925			21,994		(69	)
Mortgage warehouse		739,211			739,211		—			667,988			667,988		—
Total		4,320,548		$	4,334,326	$	(13,778	)		4,194,512		$	4,209,477	$	(14,965	)
Allowance for credit losses		(44,732	)							(29,092	)
	$	4,275,816							$	4,165,420

The difference between the amortized cost and the unpaid principal is primarily (1) premiums and discounts associated with acquisition date fair value adjustments on acquired loans totaling $13,419,000 and $13,573,000 at March 31, 2020 and December 31, 2019, respectively, and (2) net deferred origination and factoring fees totaling $359,000 and $1,392,000 at March 31, 2020 and December 31, 2019, respectively.

Accrued interest on loans, which is excluded from the amortized cost of loans held for investment, totaled $16,957,000 and $18,553,000 at March 31, 2020 and December 31, 2019, respectively, and was included in other assets in the consolidated balance sheets.

At March 31, 2020 and December 31, 2019, the Company had $55,549,000 and $66,754,000, respectively, of customer reserves associated with factored receivables, which are held to settle any payment disputes or collection shortfalls, may be used to pay customers’ obligations to various third parties as directed by the customer, are periodically released to or withdrawn by customers, and are reported as deposits in the consolidated balance sheets.

Loans with carrying amounts of $1,282,907,000 and $1,301,851,000 at March 31, 2020 and December 31, 2019, respectively, were pledged to secure Federal Home Loan Bank borrowing capacity.

During the three months ended March 31, 2020, loans with carrying amounts of $30,938,000 were transferred from loans held for investment to loans held for sale at fair value concurrently with management’s change in intent and decision to sell the loans. During the three months ended March 31, 2020, loans transferred to held for sale were sold resulting in proceeds of $31,296,000 and net gains on transfers and sales of loans, which were recorded as other noninterest income in the consolidated statements of income, of $594,000. There were no loans transferred from held to investment to loans held for sale during the three months ended March 31, 2019.

Allowance for Credit Losses

			Impact of			Credit								Reclassification
(Dollars in thousands)	Beginning		Adopting			Loss								to Held			Ending
Three months ended March 31, 2020	Balance		ASC 326			Expense			Charge-offs			Recoveries		For Sale			Balance
Commercial real estate	$	5,353	$	1,372		$	5,027		$	—		$	1	$	—		$	11,753
Construction, land development, land		1,382		(187	)		1,983			—			1		—			3,179
1-4 family residential		308		513			259			(21	)		28		—			1,087
Farmland		670		437			(86	)		—			—		—			1,021
Commercial		12,566		(184	)		8,233			(306	)		285		(449	)		20,145
Factored receivables		7,657		(1,630	)		1,463			(1,394	)		38		—			6,134
Consumer		488		(52	)		411			(204	)		31		—			674
Mortgage warehouse		668		—			71			—			—		—			739
	$	29,092	$	269		$	17,361		$	(1,925	)	$	384	$	(449	)	$	44,732

(Dollars in thousands)	Beginning		Credit Loss								Ending
Three months ended March 31, 2019	Balance		Expense			Charge-offs			Recoveries		Balance
Commercial real estate	$	4,493	$	692		$	—		$	1	$	5,186
Construction, land development, land		1,134		(235	)		(78	)		85		906
1-4 family residential		317		39			(36	)		47		367
Farmland		535		43			—			—		578
Commercial		12,865		120			(780	)		7		12,212
Factored receivables		7,299		189			(9	)		16		7,495
Consumer		615		173			(278	)		45		555
Mortgage warehouse		313		(7	)		—			—		306
	$	27,571	$	1,014		$	(1,181	)	$	201	$	27,605

The ACL as of March 31, 2020 was estimated using the current expected credit loss model. The primary reason for the increase in required ACL is significant projected deterioration of the loss drivers that the Company forecasts to calculate expected losses and, to a much lesser extent, increases in qualitative loss factors.

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 premium finance), and consumer loan pools. For all loan pools utilizing the DCF method, the Company utilizes and forecasts national unemployment as a loss driver. The Company also utilizes and forecasts either one-year percentage change in national retail sales (commercial real estate – non multifamily, commercial general, commercial agriculture, commercial asset-based lending, commercial equipment finance, consumer), one-year percentage change in the national home price index (1-4 family residential and construction, land development, land), or one-year percentage change in national gross domestic product (commercial real estate – multifamily) as a second loss driver depending on the nature of the underlying loan pool and how well that loss driver correlates to expected future losses. Consistent forecasts of the loss drivers are used across the loan segments.

For all DCF models at March 31, 2020, the Company has determined that four quarters represents a reasonable and supportable forecast period and reverts back to a historical loss rate over eight quarters on a straight-line basis. The Company leverages economic projections from a reputable and independent third party to inform its loss driver forecasts over the four-quarter forecast period. Other internal and external indicators of economic forecasts are also considered by the Company when developing the forecast metrics. At March 31, 2020 the Company forecasted a significant increase in national unemployment, significant decrease in one-year percentage change in national retail sales, significant decrease in one-year percentage change in the national home price index, and a significant decrease in one-year percentage change in national gross domestic product for the first forecasted quarter. With the exception of percentage change in the national home price index, the Company projected gradual improvement in the loss drivers over the next three quarters with these loss drivers remaining significantly worse compared to recent historical trends over the past several years. Percentage change in home price index is expected to decrease each of the next four projected quarters.

The Company uses a loss-rate method to estimate expected credit losses for the farmland, liquid credit, premium finance, factored receivable, and mortgage warehouse loan pools. For each of these loan segments, the Company applies an expected loss ratio based on internal and peer historical losses adjusted as appropriate for qualitative factors. Qualitative loss factors are based on the Company's judgment of company, market, industry or business specific data, changes in underlying loan composition of specific portfolios, trends relating to credit quality, delinquency, non-performing and adversely rated loans, and reasonable and supportable forecasts of economic conditions. Loss factors used to calculate the required ACL on pools that use the loss-rate method reflect the forecasted economic conditions described above.

The projected economic impact of COVID-19 on the Company’s loss drivers over the reasonable and supportable forecast period created the need for $10,500,000 of additional ACL. The increase in required ACL was also driven by net charge-offs of $1,500,000 (which carried reserves of $700,000 at the time of charge-off), net new specific allowances recorded on individual loans of $3,000,000, and growth and changes in mix in the underlying portfolio.

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)			Accounts								ACL
March 31, 2020	Real Estate		Receivable		Equipment		Other		Total		Allocation
Commercial real estate	$	17,142	$	—	$	—	$	301	$	17,443	$	948
Construction, land development, land		4,611		—		—		—		4,611		271
1-4 family residential		2,436		—		—		—		2,436		24
Farmland		5,778		—		157		—		5,935		—
Commercial		3,857		4,471		7,730		4,582		20,640		3,457
Factored receivables		—		19,977		—		—		19,977		2,677
Consumer		—		—		—		391		391		63
Mortgage warehouse		—		—		—		—		—		—
Total	$	33,824	$	24,448	$	7,887	$	5,274	$	71,433	$	7,440

The following table presents loans individually and collectively evaluated for impairment, as well as purchased credit impaired (“PCI”) loans, and their respective allowance for credit loss allocations as of December 31, 2019, as determined in accordance with ASC 310 prior to the adoption of ASU 2016-13:

(Dollars in thousands)	Loan Evaluation								ACL Allocations
December 31, 2019	Individually		Collectively		PCI		Total loans		Individually		Collectively		PCI		Total ACL
Commercial real estate	$	7,455	$	1,030,439	$	9,067	$	1,046,961	$	344	$	5,009	$	—	$	5,353
Construction, land development, land		2,138		155,985		2,446		160,569		271		1,111		—		1,382
1-4 family residential		1,728		177,189		508		179,425		33		275		—		308
Farmland		6,638		148,233		104		154,975		—		670		—		670
Commercial		15,618		1,326,515		550		1,342,683		1,278		11,284		4		12,566
Factored receivables		15,947		604,039		—		619,986		3,178		4,479		—		7,657
Consumer		327		21,598		—		21,925		9		479		—		488
Mortgage warehouse		—		667,988		—		667,988		—		668		—		668
	$	49,851	$	4,131,986	$	12,675	$	4,194,512	$	5,113	$	23,975	$	4	$	29,092

The following table presents information pertaining to impaired loans as of December 31, 2019, as determined in accordance with ASC 310 prior to the adoption of ASU 2016-13:

	Impaired Loans and Purchased Credit						Impaired Loans
	Impaired Loans With a Valuation Allowance						Without a Valuation Allowance
(Dollars in thousands)	Amortized		Unpaid		Related		Amortized		Unpaid
December 31, 2019	Cost		Principal		Allowance		Cost		Principal
Commercial real estate	$	878	$	907	$	344	$	6,577	$	6,643
Construction, land development, land		935		935		271		1,203		1,305
1-4 family residential		35		22		33		1,693		1,799
Farmland		—		—		—		6,638		6,819
Commercial		6,032		6,053		1,278		9,586		9,751
Factored receivables		15,940		15,940		3,178		7		7
Consumer		17		16		9		310		311
Mortgage warehouse		—		—		—		—		—
PCI		71		55		4		—		—
	$	23,908	$	23,928	$	5,117	$	26,014	$	26,635

The following table presents average impaired loans, as determined in accordance with ASC 310 prior to the adoption of ASU 2016-13, and interest recognized on such loans, for the three months ended March 31, 2019:

	Three Months Ended
	March 31, 2019
	Average		Interest
(Dollars in thousands)	Impaired Loans		Recognized
Commercial real estate	$	7,340	$	—
Construction, land development, land		555		—
1-4 family residential		1,880		1
Farmland		6,969		45
Commercial		14,975		52
Factored receivables		7,539		—
Consumer		376		—
Mortgage warehouse		—		—
PCI		71		—
	$	39,705	$	98

Past Due and Nonaccrual Loans

The following tables present an aging of contractually past due loans:

													Past Due 90
(Dollars in thousands)	Past Due		Past Due		Past Due 90		Total						Days or More
March 31, 2020	30-59 Days		60-90 Days		Days or More		Past Due		Current		Total		and Accruing
Commercial real estate	$	1,172	$	540	$	3,723	$	5,435	$	980,322	$	985,757	$	—
Construction, land development, land		1,927		—		1,183		3,110		194,940		198,050		—
1-4 family residential		1,614		578		1,011		3,203		166,500		169,703		200
Farmland		871		310		1,755		2,936		130,643		133,579		—
Commercial		5,867		8,659		10,993		25,519		1,387,303		1,412,822		717
Factored receivables		28,678		9,448		6,849		44,975		616,125		661,100		6,849
Consumer		408		140		264		812		19,514		20,326		—
Mortgage warehouse		—		—		—		—		739,211		739,211		—
Total	$	40,537	$	19,675	$	25,778	$	85,990	$	4,234,558	$	4,320,548	$	7,766

													Past Due 90
(Dollars in thousands)	Past Due		Past Due		Past Due 90		Total						Days or More
December 31, 2019	30-59 Days		60-90 Days		Days or More		Past Due		Current		Total		and Accruing
Commercial real estate	$	1,752	$	1,328	$	1,759	$	4,839	$	1,042,122	$	1,046,961	$	—
Construction, land development, land		1,785		842		361		2,988		157,581		160,569		—
1-4 family residential		1,396		723		554		2,673		176,752		179,425		286
Farmland		52		132		2,376		2,560		152,415		154,975		—
Commercial		4,444		4,154		9,555		18,153		1,324,530		1,342,683		808
Factored receivables		29,118		7,182		4,226		40,526		579,460		619,986		4,226
Consumer		508		429		183		1,120		20,805		21,925		49
Mortgage warehouse		—		—		—		—		667,988		667,988		—
Total	$	39,055	$	14,790	$	19,014	$	72,859	$	4,121,653	$	4,194,512	$	5,369

The following table presents the amortized cost basis of loans on nonaccrual status and the amortized cost basis of loans on nonaccrual status for which there was no related allowance for credit losses:

	March 31, 2020				December 31, 2019
			Nonaccrual				Nonaccrual
(Dollars in thousands)	Nonaccrual		With No ACL		Nonaccrual		With No ACL
Commercial real estate	$	14,645	$	7,162	$	7,501	$	6,623
Construction, land development, land		3,819		2,904		3,922		2,987
1-4 family residential		1,971		1,935		1,730		1,694
Farmland		5,714		5,714		6,494		6,494
Commercial		20,589		11,974		16,080		9,977
Factored receivables		—		—		—		—
Consumer		391		196		327		310
Mortgage warehouse		—		—		—		—
	$	47,129	$	29,885	$	36,054	$	28,085

The following table presents accrued interest on nonaccrual loans reversed through interest income:

	Three Months Ended March 31,
(Dollars in thousands)	2020		2019
Commercial real estate	$	62	$	8
Construction, land development, land		—		9
1-4 family residential		8		2
Farmland		—		1
Commercial		16		26
Factored receivables		—		—
Consumer		2		—
Mortgage warehouse		—		—
	$	88	$	46

There was no interest earned on nonaccrual loans during the three months ended March 31, 2020 and 2019.

The following table presents information regarding nonperforming loans:

(Dollars in thousands)	March 31, 2020		December 31, 2019
Nonaccrual loans⁽¹⁾	$	47,129	$	36,054
Factored receivables greater than 90 days past due		6,849		4,226
Troubled debt restructurings accruing interest		327		333
	$	54,305	$	40,613

⁽¹⁾

^{Includes troubled debt restructurings of $17,034,000 and $4,888,000 at March 31, 2020 and December 31, 2019, respectively.}

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.

PCI (Prior to the Adoption of ASU 2016-13) – At acquisition, PCI loans had the characteristics of classified loans and it was probable, at acquisition, that all contractually required principal and interest payments would not be collected. The Company evaluates these loans on a projected cash flow basis with this evaluation performed quarterly.

Management considers the guidance in ASC 310-20 when determining whether a modification, extension, or renewal of loan constitutes a current period origination. Generally, current period renewals of credit are reunderwritten at the point of renewal and considered current period originations for purposes of the table below. As of March 31, 2020 and December 31, 2019, based on the most recent analysis performed, the risk category of loans based on year of origination is as follows:

															Revolving
															Loans
(Dollars in thousands)													Revolving		Converted
March 31, 2020	2020		2019		2018		2017		2016		Prior		Loans		To Term Loans		Total
Commercial real estate
Pass	$	163,579	$	203,382	$	202,464	$	185,099	$	92,427	$	108,488	$	9,867	$	2,762	$	968,068
Classified		9,368		3,197		448		152		1,578		2,946		—		—		17,689
Total commercial real estate	$	172,947	$	206,579	$	202,912	$	185,251	$	94,005	$	111,434	$	9,867	$	2,762	$	985,757

Construction, land development, land
Pass	$	68,211	$	48,414	$	56,695	$	12,743	$	1,541	$	2,895	$	3,208	$	499	$	194,206
Classified		894		2,588		—		—		—		307		55		—		3,844
Total construction, land development, land	$	69,105	$	51,002	$	56,695	$	12,743	$	1,541	$	3,202	$	3,263	$	499	$	198,050

1-4 family residential
Pass	$	5,076	$	26,406	$	27,342	$	17,323	$	13,795	$	39,262	$	36,985	$	1,409	$	167,598
Classified		174		71		435		30		372		848		175		—		2,105
Total 1-4 family residential	$	5,250	$	26,477	$	27,777	$	17,353	$	14,167	$	40,110	$	37,160	$	1,409	$	169,703

Farmland
Pass	$	16,292	$	22,822	$	23,211	$	16,122	$	17,630	$	24,532	$	2,073	$	478	$	123,160
Classified		2,745		1,284		1,534		1,589		1,043		1,324		900		—		10,419
Total farmland	$	19,037	$	24,106	$	24,745	$	17,711	$	18,673	$	25,856	$	2,973	$	478	$	133,579

Commercial
Pass	$	179,268	$	348,914	$	196,152	$	70,812	$	18,368	$	12,701	$	532,877	$	12,099	$	1,371,191
Classified		599		9,813		9,895		3,790		668		353		16,513		—		41,631
Total commercial	$	179,867	$	358,727	$	206,047	$	74,602	$	19,036	$	13,054	$	549,390	$	12,099	$	1,412,822

Factored receivables
Pass	$	644,774	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	644,774
Classified		9,477		6,849		—		—		—		—		—		—		16,326
Total factored receivables	$	654,251	$	6,849	$	—	$	—	$	—	$	—	$	—	$	—	$	661,100

Consumer
Pass	$	1,135	$	5,042	$	2,483	$	5,735	$	3,986	$	1,382	$	168	$	—	$	19,931
Classified		—		—		18		89		230		58		—		—		395
Total consumer	$	1,135	$	5,042	$	2,501	$	5,824	$	4,216	$	1,440	$	168	$	—	$	20,326

Mortgage warehouse
Pass	$	—	$	—	$	—	$	—	$	—	$	—	$	739,211	$	—	$	739,211
Classified		—		—		—		—		—		—		—		—		—
Total mortgage warehouse	$	—	$	—	$	—	$	—	$	—	$	—	$	739,211	$	—	$	739,211

Total loans
Pass	$	1,078,335	$	654,980	$	508,347	$	307,834	$	147,747	$	189,260	$	1,324,389	$	17,247	$	4,228,139
Classified		23,257		23,802		12,330		5,650		3,891		5,836		17,643		—		92,409
Total loans	$	1,101,592	$	678,782	$	520,677	$	313,484	$	151,638	$	195,096	$	1,342,032	$	17,247	$	4,320,548

(Dollars in thousands)
December 31, 2019	Pass		Classified		PCI		Total
Commercial real estate	$	1,030,358	$	7,536	$	9,067	$	1,046,961
Construction, land development, land		155,985		2,138		2,446		160,569
1-4 family residential		177,177		1,740		508		179,425
Farmland		144,777		10,094		104		154,975
Commercial		1,313,042		29,091		550		1,342,683
Factored receivables		604,774		15,212		—		619,986
Consumer		21,594		331		—		21,925
Mortgage warehouse		667,988		—		—		667,988
	$	4,115,695	$	66,142	$	12,675	$	4,194,512

Troubled Debt Restructurings

The Company had troubled debt restructurings with an amortized cost of $17,361,000 and $5,221,000 as of March 31, 2020 and December 31, 2019, respectively. The Company had allocated $1,302,000 and $718,000 of allowance for those loans at March 31, 2020 and December 31, 2019, respectively, and had not committed to lend additional amounts.

The following table presents the pre- and post-modification amortized cost of loans modified as troubled debt restructurings during the three months ended March 31, 2020 and 2019. The Company did not grant principal reductions or interest rate concessions on any restructured loans.

	Extended
	Amortization		Payment		Total		Number of
(Dollars in thousands)	Period		Deferrals		Modifications		Loans
March 31, 2020
Construction, land development, land	$	8	$	—	$	8		1
Farmland		3,486		—		3,486		1
Commercial		4,547		5,793		10,340		3
	$	8,041	$	5,793	$	13,834		5
March 31, 2019
Commercial	$	—	$	84	$	84		2

During the three months ended March 31, 2020, the Company had three loans modified as troubled debt restructurings with a recorded investment of $610,000 for which there was a payment default within twelve months following the modification. During the three months ended March 31, 2019, the Company had one relationship consisting of seven loans modified as a troubled debt restructurings with a recorded investment of $688,000 for which there was a payment default within twelve months following the modification. Default is determined at 90 or more days past due, charge-off, or foreclosure.

As of April 15, 2020, we had executed 404 principal and interest deferrals on outstanding loan balances of $233,000,000 in connection with the COVID-19 relief provided by the CARES Act. These deferrals were generally no more than six months in duration and were not considered troubled debt restructurings based on interagency guidance issued in March 2020.

Residential Real Estate Loans In Process of Foreclosure

At March 31, 2020 and December 31, 2019, the Company had $177,000 and $87,000, respectively, in 1-4 family residential real estate loans for which formal foreclosure proceedings were in process.

Purchased Credit Impaired Loans (Prior to the Adoption of ASU 2016-13)

The following table summarizes information pertaining to loans that were identified as purchased credit impaired prior to the adoption of ASU 2016-13:

	December 31,
	2019
Contractually required principal and interest:
Real estate loans	$	14,015
Commercial loans		677
Outstanding contractually required principal and interest	$	14,692
Gross carrying amount included in loans receivable	$	12,675

The changes in accretable yield related to loans that were identified as purchased credit impaired prior to the adoption of ASU 2016-13 were as follows:

	Three Months Ended
		March 31, 2019
Accretable yield, beginning balance		$	5,711
Additions			—
Accretion			(411	)
Reclassification from nonaccretable to accretable yield			—
Disposals			(17	)
Accretable yield, ending balance		$	5,283

Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2020

Goodwill And Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

NOTE 5 - GOODWILL AND INTANGIBLE ASSETS

Goodwill and intangible assets consist of the following:

(Dollars in thousands)		March 31, 2020				December 31, 2019
Goodwill		$	158,743			$	158,743

	March 31, 2020							December 31, 2019
	Gross Carrying		Accumulated			Net Carrying		Gross Carrying		Accumulated			Net Carrying
(Dollars in thousands)	Amount		Amortization			Amount		Amount		Amortization			Amount
Core deposit intangibles	$	43,578	$	(23,591	)	$	19,987	$	43,578	$	(22,258	)	$	21,320
Other intangible assets		15,700		(6,222	)		9,478		15,700		(5,477	)		10,223
	$	59,278	$	(29,813	)	$	29,465	$	59,278	$	(27,735	)	$	31,543

The changes in goodwill and intangible assets are as follows:

	Three Months Ended March 31,
(Dollars in thousands)	2020			2019
Beginning balance	$	190,286		$	199,417
Amortization of intangibles		(2,078	)		(2,402	)
Ending balance	$	188,208		$	197,015

Variable Interest Entities

3 Months Ended

Mar. 31, 2020

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Variable Interest Entities

NOTE 6 – Variable Interest Entities

Collateralized Loan Obligation Funds – Closed

The Company holds investments in the subordinated notes of the following closed CLO funds:

	Offering	Offering
(Dollars in thousands)	Date	Amount
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 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 $8,217,000 and $8,417,000 at March 31, 2020 and December 31, 2019, 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

3 Months Ended

Mar. 31, 2020

Commitments And Contingencies Disclosure [Abstract]

Legal Contingencies

NOTE 7 - Legal Contingencies

Various legal claims have arisen from time to time in the normal course of business which, in the opinion of management, do not have a material effect on the Company’s consolidated financial statements.

Off-Balance Sheet Loan Commitments

3 Months Ended

Mar. 31, 2020

Commitments And Contingencies Disclosure [Abstract]

Off-Balance Sheet Loan Commitments

NOTE 8 - OFF-BALANCE SHEET LOAN COMMITMENTS

From time to time, the Company is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit. Those instruments involve, to varying degrees, elements of credit risk in excess of the amount recognized in the balance sheet. The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit and standby letters of credit is represented by the contractual amount of those instruments.

The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance sheet financial instruments.

The contractual amounts of financial instruments with off-balance sheet risk were as follows:

	March 31, 2020						December 31, 2019
(Dollars in thousands)	Fixed Rate		Variable Rate		Total		Fixed Rate		Variable Rate		Total
Unused lines of credit	$	50,742	$	399,373	$	450,115	$	49,057	$	444,028	$	493,085
Standby letters of credit		3,151		4,120		7,271		3,017		3,781		6,798
Commitments to purchase loans		—		112,059		112,059		—		22,004		22,004
Mortgage warehouse commitments		—		285,789		285,789		—		340,502		340,502

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 other noninterest expense on the Company’s consolidated statements of income. At March 31, 2020 and December 31, 2019, the allowance for credit losses on off-balance sheet credit exposures totaled $5,492,000 and $638,000, respectively, and was included in other liabilities on the Company’s consolidated balance sheets. For the three months ended March 31, 2020 and 2019, credit loss expense for off balance sheet credit exposures was $2,937,000 and a credit of $2,000, respectively, and was included in other noninterest expense on the Company’s consolidated statements of income.

In addition to the commitments above, the Company had overdraft protection available in the amounts of $2,600,000 and $2,639,000 at March 31, 2020 and December 31, 2019, respectively.

Fair Value Disclosures

3 Months Ended

Mar. 31, 2020

Fair Value Disclosures [Abstract]

Fair Value Disclosures

NOTE 9 - 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 2019 Form 10-K.

Assets and liabilities measured at fair value on a recurring basis are summarized in the table below.

(Dollars in thousands)	Fair Value Measurements Using						Total
March 31, 2020	Level 1		Level 2		Level 3		Fair Value
Assets measured at fair value on a recurring basis
Securities available for sale
U.S. Government agency obligations	$	—	$	29,056	$	—	$	29,056
Mortgage-backed securities, residential		—		35,979		—		35,979
Asset backed securities		—		7,543		—		7,543
State and municipal		—		52,863		—		52,863
CLO securities		—		126,384		—		126,384
Corporate bonds		—		46,396		—		46,396
SBA pooled securities		—		3,901		—		3,901
	$	—	$	302,122	$	—	$	302,122

Equity securities
Mutual fund	$	5,678	$	—	$	—	$	5,678

Loans held for sale	$	—	$	4,431	$	—	$	4,431

Liabilities measured at fair value on a recurring basis
ICC Contingent consideration	$	—	$	—	$	21,927	$	21,927

(Dollars in thousands)	Fair Value Measurements Using						Total
December 31, 2019	Level 1		Level 2		Level 3		Fair Value
Assets measured at fair value on a recurring basis
Securities available for sale
U.S. Government agency obligations	$	—	$	39,760	$	—	$	39,760
Mortgage-backed securities, residential		—		38,016		—		38,016
Asset-backed securities		—		7,959		—		7,959
State and municipal		—		32,065		—		32,065
CLO Securities		—		75,273		—		75,273
Corporate bonds		—		51,583		—		51,583
SBA pooled securities		—		4,164		—		4,164
	$	—	$	248,820	$	—	$	248,820

Equity securities
Mutual fund	$	5,437	$	—	$	—	$	5,437

Loans held for sale	$	—	$	2,735	$	—	$	2,735

Liabilities measured at fair value on a recurring basis
ICC Contingent consideration	$	—	$	—	$	21,622	$	21,622

There were no transfers into or out of Level 3 of the fair value hierarchy during 2020 or 2019.

On June 2, 2018, the Company acquired substantially all of the operating assets of, and assumed certain liabilities associated with, Interstate Capital Corporation’s (“ICC”) accounts receivable factoring business and other related financial services. Consideration for the acquisition included contingent consideration, which is based on a proprietary index designed to approximate the rise and fall of transportation invoice prices subsequent to acquisition. The index is calculated by a third party data analytics firm and is correlated to monthly movements in average invoice prices historically experienced by ICC. At the end of a 30 month earnout period after closing, a final average index price will be calculated and the contingent consideration will be settled in cash based on the final average index price, with a payout ranging from $0 to $22,000,000. The fair value of the contingent consideration is calculated each reporting period, and changes in the fair value of the contingent consideration are recorded in noninterest income in the consolidated statements of income. At March 31, 2020 and December 31, 2019, the ICC contingent consideration liability was the only recurring fair value measurement with Level 3 unobservable inputs. At March 31, 2020 and December 31, 2019, the fair value calculation of the contingent consideration resulted in a payout of $22,000,000, and discount rates of 0.4% and 1.7%, respectively, were applied to calculate the present value of the contingent consideration. A reconciliation of the opening balance to the closing balance of the fair value of the contingent consideration is as follows:

	Three Months Ended
(Dollars in thousands)	March 31, 2020		March 31, 2019
Beginning balance	$	21,622	$	20,745
Contingent consideration recognized in business combination		—		—
Change in fair value of contingent consideration recognized in earnings		305		261
Consideration settlement payments		—		—
Ending balance	$	21,927	$	21,006

Assets measured at fair value on a non-recurring basis are summarized in the table below. There were no liabilities measured at fair value on a non-recurring basis at March 31, 2020 and December 31, 2019.

(Dollars in thousands)	Fair Value Measurements Using						Total
March 31, 2020	Level 1		Level 2		Level 3		Fair Value
Collateral dependent loans
Commercial real estate	$	—	$	—	$	6,535	$	6,535
Construction, land development, land		—		—		644		644
1-4 family residential		—		—		3		3
Commercial		—		—		5,033		5,033
Factored receivables		—		—		17,300		17,300
Consumer		—		—		132		132
Other real estate owned⁽¹⁾
Commercial real estate		—		—		1,061		1,061
	$	—	$	—	$	30,708	$	30,708

(Dollars in thousands)	Fair Value Measurements Using						Total
December 31, 2019	Level 1		Level 2		Level 3		Fair Value
Impaired loans
Commercial real estate	$	—	$	—	$	534	$	534
Construction, land development, land		—		—		664		664
1-4 family residential		—		—		2		2
Commercial		—		—		4,754		4,754
Factored receivables		—		—		12,762		12,762
Consumer		—		—		8		8
PCI		—		—		67		67
Other real estate owned⁽¹⁾
Commercial real estate		—		—		388		388
1-4 family residential		—		—		89		89
	$	—	$	—	$	19,268	$	19,268

⁽¹⁾ Represents the fair value of OREO that was adjusted during the period and subsequent to its initial classification as OREO

Collateral Dependent Loans with an ACL (Impaired Loans with Specific Reserves prior to the adoption of ASC 326): For collateral dependent loans where the Company has determined that foreclosure of the collateral is probable, or where the borrower is experiencing financial difficulty and the Company expects repayment of the loan to be provided substantially through the operation or sale of the collateral, the ACL is measured based on the difference between the fair value of the collateral and the amortized cost basis of the loan as of the measurement date. For real estate loans, fair value of the loan’s collateral is determined by third party appraisals, which are then adjusted for the estimated selling and closing costs related to liquidation of the collateral. For this asset class, the actual valuation methods (income, sales comparable, or cost) vary based on the status of the project or property. For example, land is generally based on the sales comparable method while construction is based on the income and/or sales comparable methods. The unobservable inputs may vary depending on the individual assets with no one of the three methods being the predominant approach. The Company reviews the third party appraisal for appropriateness and adjusts the value downward to consider selling and closing costs, which typically range from 5% to 8% of the appraised value. For non-real estate loans, fair value of the loan’s collateral may be determined using an appraisal, net book value per the borrower’s financial statements, or aging reports, adjusted or discounted based on management’s historical knowledge, changes in market conditions from the time of the valuation, and management’s expertise and knowledge of the client and client’s business.

OREO: OREO is primarily comprised of real estate acquired in partial or full satisfaction of loans. OREO is recorded at its estimated fair value less estimated selling and closing costs at the date of transfer, with any excess of the related loan balance over the fair value less expected selling costs charged to the ACL. Subsequent changes in fair value are reported as adjustments to the carrying amount and are recorded against earnings. The Company outsources the valuation of OREO with material balances to third party appraisers. For this asset class, the actual valuation methods (income, sales comparable, or cost) vary based on the status of the project or property. For example, land is generally based on the sales comparable method while construction is based on the income and/or sales comparable methods. The unobservable inputs may vary depending on the individual assets with no one of the three methods being the predominant approach. The Company reviews the third party appraisal for appropriateness and adjusts the value downward to consider selling and closing costs, which typically range from 5% to 8% of the appraised value.

The estimated fair values of the Company’s financial instruments not measured at fair value on a recurring or non-recurring basis at March 31, 2020 and December 31, 2019 were as follows:

(Dollars in thousands)	Carrying		Fair Value Measurements Using						Total
March 31, 2020	Amount		Level 1		Level 2		Level 3		Fair Value
Financial assets:
Cash and cash equivalents	$	208,414	$	208,414	$	—	$	—	$	208,414
Securities - held to maturity		8,217		—		—		6,742		6,742
Loans not previously presented, gross		4,290,901		148,022		—		4,047,464		4,195,486
FHLB stock		37,080	N/A		N/A		N/A		N/A
Accrued interest receivable		19,095		19,095		—		—		19,095

Financial liabilities:
Deposits		3,682,015		—		3,693,593		—		3,693,593
Customer repurchase agreements		3,693		—		3,693		—		3,693
Federal Home Loan Bank advances		850,000		—		850,000		—		850,000
Subordinated notes		87,347		—		88,409		—		88,409
Junior subordinated debentures		39,689		—		39,935		—		39,935
Accrued interest payable		9,230		9,230		—		—		9,230

(Dollars in thousands)	Carrying		Fair Value Measurements Using						Total
December 31, 2019	Amount		Level 1		Level 2		Level 3		Fair Value
Financial assets:
Cash and cash equivalents	$	197,880	$	197,880	$	—	$	—	$	197,880
Securities - held to maturity		8,417		—		—		6,907		6,907
Loans not previously presented, gross		4,170,604		83,454		—		4,086,597		4,170,051
FHLB and other restricted stock		19,860	N/A		N/A		N/A		N/A
Accrued interest receivable		20,322		20,322		—		—		20,322

Financial liabilities:
Deposits		3,789,906		—		3,793,603		—		3,793,603
Customer repurchase agreements		2,033		—		2,033		—		2,033
Federal Home Loan Bank advances		430,000		—		430,000		—		430,000
Subordinated notes		87,327		—		93,877		—		93,877
Junior subordinated debentures		39,566		—		40,700		—		40,700
Accrued interest payable		9,367		9,367		—		—		9,367

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Regulatory Matters

3 Months Ended

Mar. 31, 2020

Regulatory Capital Requirements [Abstract]

Regulatory Matters

NOTE 10 - Regulatory Matters

The Company (on a consolidated basis) and TBK Bank are subject to various regulatory capital requirements administered by federal and state banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s or TBK Bank’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and TBK Bank must meet specific capital guidelines that involve quantitative measures of their assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors.

Quantitative measures established by regulation to ensure capital adequacy require the Company and TBK Bank to maintain minimum amounts and ratios (set forth in the table below) of total, common equity Tier 1, and Tier 1 capital to risk weighted assets, and of Tier 1 capital to average assets. Management believes, as of March 31, 2020 and December 31, 2019, the Company and TBK Bank meet all capital adequacy requirements to which they are subject.

As of March 31, 2020 and December 31, 2019, TBK Bank’s capital ratios exceeded those levels necessary to be categorized as “well capitalized” under the regulatory framework for prompt corrective action. To be categorized as “well capitalized,” TBK Bank must maintain minimum total risk based, common equity Tier 1 risk based, Tier 1 risk based, and Tier 1 leverage ratios as set forth in the table below. There are no conditions or events since March 31, 2020 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.

								To Be Well
								Capitalized Under
				Minimum for Capital				Prompt Corrective
(Dollars in thousands)	Actual			Adequacy Purposes				Action Provisions
As of March 31, 2020	Amount		Ratio	Amount		Ratio		Amount		Ratio
Total capital (to risk weighted assets)
Triumph Bancorp, Inc.	$	585,157	11.6%	$	403,557		8.0%	N/A		N/A
TBK Bank, SSB	$	557,478	11.3%	$	394,675		8.0%	$	493,343		10.0%

Tier 1 capital (to risk weighted assets)
Triumph Bancorp, Inc.	$	454,349	9.0%	$	302,899		6.0%	N/A		N/A
TBK Bank, SSB	$	514,024	10.4%	$	296,552		6.0%	$	395,403		8.0%

Common equity Tier 1 capital (to risk weighted assets)
Triumph Bancorp, Inc.	$	414,660	8.2%	$	227,557		4.5%	N/A		N/A
TBK Bank, SSB	$	514,024	10.4%	$	222,414		4.5%	$	321,265		6.5%

Tier 1 capital (to average assets)
Triumph Bancorp, Inc.	$	454,349	9.6%	$	189,312		4.0%	N/A		N/A
TBK Bank, SSB	$	514,024	10.9%	$	188,633		4.0%	$	235,791		5.0%

As of December 31, 2019
Total capital (to risk weighted assets)
Triumph Bancorp, Inc.	$	604,832	12.8%	$	378,020		8.0%	N/A		N/A
TBK Bank, SSB	$	555,213	12.0%	$	370,142		8.0%	$	462,678		10.0%

Tier 1 capital (to risk weighted assets)
Triumph Bancorp, Inc.	$	487,775	10.3%	$	284,141		6.0%	N/A		N/A
TBK Bank, SSB	$	525,490	11.4%	$	276,574		6.0%	$	368,765		8.0%

Common equity Tier 1 capital (to risk weighted assets)
Triumph Bancorp, Inc.	$	448,209	9.5%	$	212,310		4.5%	N/A		N/A
TBK Bank, SSB	$	525,490	11.4%	$	207,430		4.5%	$	299,621		6.5%

Tier 1 capital (to average assets)
Triumph Bancorp, Inc.	$	487,775	10.0%	$	195,110		4.0%	N/A		N/A
TBK Bank, SSB	$	525,490	10.9%	$	192,840		4.0%	$	241,050		5.0%

As permitted by the interim final rule issued on March 27, 2020 by the federal banking regulatory agencies, the Company has elected the option to delay the estimated impact on regulatory capital of ASU 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments”, which was effective January 1, 2020. The initial impact of adoption of ASU 2016-13 as well as 25% of the quarterly increases in the allowance for credit losses subsequent to adoption of ASU 2016-13 (collectively the “transition adjustments”) will be delayed for two years. After two years, the cumulative amount of the transition adjustments will become fixed and will be phased out of the regulatory capital calculations evenly over a three year period, with 75% recognized in year three, 50% recognized in year four, and 25% recognized in year five. After five years, the temporary regulatory capital benefits will be fully reversed.

Dividends paid by TBK Bank are limited to, without prior regulatory approval, current year earnings and earnings less dividends paid during the preceding two years.

The capital conservation buffer set forth by the Basel III regulatory capital framework was 2.5% of risk weighted assets above the minimum risk based capital ratio requirements at March 31, 2020 and December 31, 2019. The capital conservation buffer is designed to absorb losses during periods of economic stress and requires increased capital levels for the purpose of capital distributions and other payments. Failure to meet the full amount of the buffer will result in restrictions on the Company’s ability to make capital distributions, including dividend payments and stock repurchases, and to pay discretionary bonuses to executive officers. At March 31, 2020 and December 31, 2019, the Company’s and TBK Bank’s risk based capital exceeded the required capital conservation buffer.

- Definition

The entire disclosure for regulatory capital requirement for depository and lending institutions. Institutions include, but not are not limited to, finance company, insured depository institution, bank holding company, savings and loan association holding company, bank and savings institution not federally insured, mortgage company, foreign financial institution and credit union.

+ References

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+ Details

Stockholders' Equity

3 Months Ended

Mar. 31, 2020

Equity [Abstract]

Stockholders' Equity

NOTE 11 – STOCKHOLDERS’ EQUITY

The following summarizes the capital structure of Triumph Bancorp, Inc.

Common Stock

	March 31, 2020			December 31, 2019
Shares authorized		50,000,000			50,000,000
Shares issued		27,171,721			27,163,642
Treasury shares		(3,070,601	)		(2,198,681	)
Shares outstanding		24,101,120			24,964,961
Par value per share	$	0.01		$	0.01

Stock Repurchase Programs

During the three months ended March 31, 2020, the Company repurchased 871,319 shares into treasury stock under the Company’s stock repurchase program at an average price of $40.81, for a total of $35,600,000, effectively completing the $50,000,000 stock repurchase program authorized by the Company’s board of directors on October 16, 2019.

On October 29, 2018, the Company announced that its board of directors had authorized the repurchase of up to $25,000,000 of its outstanding common stock in open market transactions or through privately negotiated transactions. During the three months ended March 31, 2019, the Company repurchased 247,312 shares into treasury stock at an average price of $30.51. No repurchases were made under this program during the three months ended March 31, 2018.

Stock Based Compensation

3 Months Ended

Mar. 31, 2020

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Stock Based Compensation

NOTE 12 – STOCK BASED COMPENSATION

Stock based compensation expense that has been charged against income was $1,168,000 and $911,000 for the three months ended March 31, 2020 and 2019, respectively.

2014 Omnibus Incentive Plan

The Company’s 2014 Omnibus Incentive Plan (“Omnibus Incentive Plan”) provides for the grant of nonqualified and incentive stock options, stock appreciation rights, restricted stock awards, restricted stock units, and other awards that may be settled in, or based upon the value of, the Company’s common stock. The aggregate number of shares of common stock available for issuance under the Omnibus Incentive Plan is 2,000,000 shares.

Restricted Stock Awards

A summary of changes in the Company’s nonvested Restricted Stock Awards (“RSAs”) under the Omnibus Incentive Plan for the three months ended March 31, 2020 were as follows:

				Weighted-Average
				Grant-Date
Nonvested RSAs	Shares			Fair Value
Nonvested at January 1, 2020		148,349		$	31.86
Granted		8,079			39.65
Vested		(8,079	)		39.65
Forfeited		(601	)		36.08
Nonvested at March 31, 2020		147,748		$	31.84

RSAs granted to employees under the Omnibus Incentive Plan typically vest over three to four years, but vesting periods may vary. Compensation expense for RSAs will be recognized over the vesting period of the awards based on the fair value of the stock at the issue date. At March 31, 2020, there was $1,894,000 of unrecognized compensation cost related to nonvested RSAs. The cost is expected to be recognized over a remaining weighted average period of 2.73 years.

Restricted Stock Units

A summary of changes in the Company’s nonvested Restricted Stock Units (“RSUs”) under the Omnibus Incentive Plan for the three months ended March 31, 2020 were as follows:

			Weighted Average
			Grant Date
Nonvested RSUs	Shares		Fair Value
Nonvested at January 1, 2020		55,228	$	38.75
Granted		—		—
Vested		—		—
Forfeited		—		—
Nonvested at March 31, 2020		55,228	$	38.75

RSUs granted to employees under the Omnibus Incentive Plan vest after five years. Compensation expense for the RSUs will be recognized over the vesting period of the awards based on the fair value of the stock at the issue date. At March 31, 2020, there was $1,291,000 of unrecognized compensation cost related to the nonvested RSUs. The cost is expected to be recognized over a remaining period of 3.08 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 three months ended March 31, 2020 were as follows:

			Weighted Average
			Grant Date
Nonvested PSUs	Shares		Fair Value
Nonvested at January 1, 2020		67,707	$	37.71
Granted		—		—
Vested		—		—
Forfeited		—		—
Nonvested at March 31, 2020		67,707	$	37.71

Market Based PSUs granted to employees under the Omnibus Incentive Plan vest after three to five years. The number of shares issued upon vesting will range from 0% to 175% of the PSUs granted based on the Company’s relative total shareholder return (“TSR”) as compared to the TSR of a specified group of peer banks. Compensation expense for the 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 PSUs granted were 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 rates for the performance periods were derived from the Treasury constant maturities yield curve on the valuation dates.

At March 31, 2020, there was $1,579,000 of unrecognized compensation cost related to the nonvested Market Based PSUs. The cost is expected to be recognized over a remaining period of 2.90 years.

Performance Based Performance Stock Units

A summary of changes in the Company’s nonvested Performance Based Performance Stock Units (“Performance Based PSUs”) under the Omnibus Incentive Plan for the three months ended March 31, 2020 were as follows:

			Weighted Average
			Grant Date
Nonvested Performance Based PSUs	Shares		Fair Value
Nonvested at January 1, 2020		254,000	$	38.02
Granted		—		—
Vested		—		—
Forfeited		—		—
Nonvested at March 31, 2020		254,000	$	38.02

Performance Based PSUs granted to employees under the Omnibus Incentive Plan vest after three years. The number of shares issued upon vesting will range from 0% to 200% of the shares granted based on the Company’s cumulative diluted earnings per share over the performance period. Compensation expense for the Performance Based PSUs will be estimated each period based on the fair value of the stock at the grant date and the most probable outcome of the performance condition, adjusted for the passage of time within the vesting period of the awards. As of March 31, 2020, the maximum unrecognized compensation cost related to the nonvested Performance Based PSUs was $19,314,000, and the remaining performance period over which the cost could be recognized was 2.75 years. No compensation cost was recorded during the three months ended March 31, 2020.

Stock Options

A summary of changes in the Company’s stock options under the Omnibus Incentive Plan for the three months ended March 31, 2020 were as follows:

					Weighted-Average
					Remaining		Aggregate
			Weighted-Average		Contractual Term		Intrinsic Value
Stock Options	Shares		Exercise Price		(In Years)		(In Thousands)
Outstanding at January 1, 2020		225,055	$	24.10
Granted		—		—
Exercised		—		—
Forfeited or expired		—		—
Outstanding at March 31, 2020		225,055	$	24.10		6.92	$	1,119

Fully vested shares and shares expected to vest at March 31, 2020		225,055	$	24.10		6.92	$	1,119

Shares exercisable at March 31, 2020		118,537	$	20.20		6.42	$	836

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. Contractual terms of exercisable options may be shortened due to termination of a participant’s employment. 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 a blend of the Company’s historical volatility and historical volatilities of a peer group of companies with a similar size, industry, stage of life cycle, and capital structure. The expected term of 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 options is derived from the Treasury constant maturity yield curve on the valuation date.

At March 31, 2020, there was $270,000 of unrecognized compensation cost related to nonvested stock options. The cost is expected to be recognized over a remaining weighted average period of 2.35 years.

Employee Stock Purchase Plan

During the year ended December 31, 2019, the Company’s Board of Directors adopted, and the Company’s stockholders approved, the Triumph Bancorp, Inc. 2019 Employee Stock Purchase Plan (“ESPP”). Under the ESPP, 2,500,000 shares of common stock were reserved for issuance. The ESPP enables eligible employees to purchase the Company’s common stock at a price per share equal to 85% of the lower of the fair market value of the common stock at the beginning or end of each six month offering period. The first offering period has not yet commenced.

Earnings Per Share

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Earnings Per Share

NOTE 13 – EARNINGS PER SHARE

The factors used in the earnings per share computation follow:

	Three Months Ended March 31,
(Dollars in thousands)	2020			2019
Basic
Net income (loss) to common stockholders	$	(4,450	)	$	14,788
Weighted average common shares outstanding		24,314,329			26,679,724
Basic earnings (loss) per common share	$	(0.18	)	$	0.55
Diluted
Net income (loss) to common stockholders	$	(4,450	)	$	14,788
Weighted average common shares outstanding		24,314,329			26,679,724
Dilutive effects of:
Assumed exercises of stock options		—			64,166
Restricted stock awards		—			49,795
Restricted stock units		—			—
Performance stock units - market based		—			—
Performance stock units - performance based		—			—
Average shares and dilutive potential common shares		24,314,329			26,793,685
Diluted earnings (loss) per common share	$	(0.18	)	$	0.55

Shares that were not considered in computing diluted earnings per common share because they were antidilutive are as follows:

	Three Months Ended March 31,
	2020		2019
Stock options		225,055		50,752
Restricted stock awards		147,748		13,290
Restricted stock units		55,228		58,400
Performance stock units - market based		67,707		58,400
Performance stock units - performance based		254,000		—

Business Segment Information

3 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Business Segment Information

NOTE 14 – BUSINESS SEGMENT INFORMATION

The following table presents the Company’s operating segments. The accounting policies of the segments are the same as those described in the “Summary of Significant Accounting Policies” in Note 1 of the Company’s 2019 Form 10-K. Transactions between segments consist primarily of borrowed funds. Intersegment interest expense is allocated to the Factoring segment based on Federal Home Loan Bank advance rates. Credit loss expense is allocated based on the segment’s allowance for credit losses determination. Noninterest income and expense directly attributable to a segment are assigned to it. Taxes are paid on a consolidated basis but not allocated for segment purposes. The Factoring segment includes only factoring originated by TBC. General factoring services not originated through TBC are included in the Banking segment.

(Dollars in thousands)
Three Months Ended March 31, 2020	Banking			Factoring			Corporate			Consolidated
Total interest income	$	51,666		$	23,497		$	251		$	75,414
Intersegment interest allocations		3,074			(3,074	)		—			—
Total interest expense		10,921			—			1,993			12,914
Net interest income (expense)		43,819			20,423			(1,742	)		62,500
Credit loss expense		15,818			1,544			(1	)		17,361
Net interest income after credit loss expense		28,001			18,879			(1,741	)		45,139
Noninterest income		6,280			1,296			(99	)		7,477
Noninterest expense		44,572			12,063			1,055			57,690
Operating income (loss)	$	(10,291	)	$	8,112		$	(2,895	)	$	(5,074	)

(Dollars in thousands)
Three Months Ended March 31, 2019	Banking		Factoring			Corporate			Consolidated
Total interest income	$	49,121	$	23,803		$	340		$	73,264
Intersegment interest allocations		2,638		(2,638	)		—			—
Total interest expense		10,354		—			1,599			11,953
Net interest income (expense)		41,405		21,165			(1,259	)		61,311
Credit loss expense		954		136			(76	)		1,014
Net interest income after credit loss expense		40,451		21,029			(1,183	)		60,297
Noninterest income		6,297		1,077			164			7,538
Noninterest expense		34,385		13,295			886			48,566
Operating income (loss)	$	12,363	$	8,811		$	(1,905	)	$	19,269

(Dollars in thousands)
March 31, 2020	Banking		Factoring		Corporate		Eliminations			Consolidated
Total assets	$	5,276,926	$	714,006	$	723,327	$	(1,360,530	)	$	5,353,729
Gross loans held for investment	$	4,227,563	$	641,366	$	800	$	(549,181	)	$	4,320,548

(Dollars in thousands)
December 31, 2019	Banking		Factoring		Corporate		Eliminations			Consolidated
Total assets	$	4,976,009	$	662,002	$	771,048	$	(1,348,762	)	$	5,060,297
Gross loans held for investment	$	4,108,735	$	573,372	$	1,519	$	(489,114	)	$	4,194,512

Summary of Significant Accounting Policies (Policies)	3 Months Ended
Summary of Significant Accounting Policies (Policies)	Mar. 31, 2020
Accounting Policies [Abstract]
Nature of Operations	Nature of Operations Triumph Bancorp, Inc. (collectively with its subsidiaries, “Triumph”, or the “Company” as applicable) is a financial holding company headquartered in Dallas, Texas. 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 subsidiary Advance Business Capital LLC, which currently operates under the d/b/a of Triumph Business Capital (“TBC”), and TBK Bank’s wholly owned subsidiary Triumph Insurance Group, Inc. (“TIG”).
Principles of Consolidation and Basis of Presentation	Principles of Consolidation and 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. Accordingly, the condensed financial statements do not include all of the information and footnotes required by GAAP for complete financial statements. The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all normal and recurring adjustments considered necessary for a fair presentation. Transactions between the subsidiaries have been eliminated. These condensed consolidated financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2019. Operating results for the three months ended March 31, 2020 are not necessarily indicative of the results that may be expected for the year ending December 31, 2020. The Company has three reportable segments consisting of Banking, Factoring, and Corporate. The Company’s Chief Executive Officer uses segment results to make operating and strategic decisions.
Risks and Uncertainties	Risks and Uncertainties The outbreak of COVID-19 has adversely impacted a broad range of industries in which the Company’s customers operate and could impair their ability to fulfill their financial obligations to the Company. The World Health Organization has declared COVID-19 to be a global pandemic indicating that almost all public commerce and related business activities must be, to varying degrees, curtailed with the goal of decreasing the rate of new infections. The spread of the outbreak has caused significant disruptions in the U.S. economy and has disrupted banking and other financial activity in the areas in which the Company operates. While there has been no material impact to the Company’s employees to date, COVID-19 could also potentially create widespread business continuity issues for the Company. Congress, the President, and the Federal Reserve have taken several actions designed to cushion the economic fallout. Most notably, the Coronavirus Aid, Relief and Economic Security (“CARES”) Act was signed into law at the end of March 2020 as a $2 trillion legislative package. The goal of the CARES Act is to prevent a severe economic downturn through various measures, including direct financial aid to American families and economic stimulus to significantly impacted industry sectors. The package also includes extensive emergency funding for hospitals and providers. In addition to the general impact of COVID-19, certain provisions of the CARES Act as well as other recent legislative and regulatory relief efforts are expected to have a material impact on the Company’s operations. The Company’s business is dependent upon the willingness and ability of its employees and customers to conduct banking and other financial transactions. If the global response to contain COVID-19 escalates further or is unsuccessful, the Company could experience a material adverse effect on its business, financial condition, results of operations and cash flows. While it is not possible to know the full universe or extent that the impact of COVID-19, and resulting measures to curtail its spread, will have on the Company’s operations, the Company disclosing potentially material items of which it is aware. Financial position and results of operations The Company’s fee income could be reduced due to COVID-19. In keeping with guidance from regulators, the Company is actively working with COVID-19 affected customers to waive fees from a variety of sources, such as, but not limited to, insufficient funds and overdraft fees, ATM fees, account maintenance fees, etc. These reductions in fees are thought, at this time, to be temporary in conjunction with the length of the expected COVID-19 related economic crisis. At this time, the Company is unable to project the materiality of such an impact, but recognize the breadth of the economic impact is likely to impact its fee income in future periods. The Company’s interest income could be reduced due to COVID-19. In keeping with guidance from regulators, the Company is actively working with COVID-19 affected borrowers to defer their payments, interest, and fees. While interest and fees will still accrue to income, through normal GAAP accounting, should eventual credit losses on these deferred payments emerge, interest income and fees accrued would need to be reversed. In such a scenario, interest income in future periods could be negatively impacted. At this time, the Company is unable to project the materiality of such an impact, but recognizes the breadth of the economic impact may affect its borrowers’ ability to repay in future periods. Capital and liquidity While the Company believes that it has sufficient capital to withstand an extended economic recession brought about by COVID-19, its reported and regulatory capital ratios could be adversely impacted by further credit losses. The Company relies on cash on hand as well as dividends from its subsidiary bank to service its debt. If the Company’s capital deteriorates such that its subsidiary bank is unable to pay dividends to it for an extended period of time, the Company may not be able to service its debt. The Company maintains access to multiple sources of liquidity. Wholesale funding markets have remained open to us, but rates for short term funding have recently been volatile. If funding costs are elevated for an extended period of time, it could have an adverse effect on the Company’s net interest margin. If an extended recession caused large numbers of the Company’s deposit customers to withdraw their funds, the Company might become more reliant on volatile or more expensive sources of funding. Asset valuation Currently, the Company does not expect COVID-19 to affect its ability to account timely for the assets on its balance sheet; however, this could change in future periods. While certain valuation assumptions and judgments will change to account for pandemic-related circumstances such as widening credit spreads, the Company does not anticipate significant changes in methodology used to determine the fair value of assets measured in accordance with GAAP. COVID-19 could cause a further and sustained decline in the Company’s stock price or the occurrence of what management would deem to be a triggering event that could, under certain circumstances, cause us to perform a goodwill impairment test and result in an impairment charge being recorded for that period. In the event that the Company concludes that all or a portion of its goodwill is impaired, a non-cash charge for the amount of such impairment would be recorded to earnings. Such a charge would have no impact on tangible capital or regulatory capital. It is possible that the lingering effects of COVID-19 could cause the occurrence of what management would deem to be a triggering event that could, under certain circumstances, cause us to perform an intangible asset impairment test and result in an impairment charge being recorded for that period. In the event that the Company concludes that all or a portion of its intangible assets are impaired, a non-cash charge for the amount of such impairment would be recorded to earnings. Such a charge would have no impact on tangible capital or regulatory capital. Processes, controls and business continuity plan The Company has invoked its Board approved Pandemic Preparedness Plan that includes a remote working strategy. The Company does not anticipate incurring additional material cost related to its continued deployment of the remote working strategy. No material operational or internal control challenges or risks have been identified to date. The Company does not anticipate significant challenges to its ability to maintain its systems and controls in light of the measures the Company has taken to prevent the spread of COVID-19. The Company does not currently face any material resource constraint through the implementation of its business continuity plans. Lending operations and accommodations to borrowers In keeping with regulatory guidance to work with borrowers during this unprecedented situation and as outlined in the CARES Act, the Company is executing a payment deferral program for its commercial lending clients that are adversely affected by the pandemic. Depending on the demonstrated need of the client, the Company is deferring either the full loan payment or the principal component of the loan payment for 60 or 90 days. As of April 15, 2020, the Company has executed 404 of these deferrals on outstanding loan balances of $233,000,000. The Company had 397 additional deferral requests representing $276,000,000 in outstanding balances that were in process. In accordance with interagency guidance issued in March 2020, these short term deferrals are not considered troubled debt restructurings. With the passage of the Paycheck Protection Program (“PPP”), administered by the Small Business Administration (“SBA”), the Company is actively participating in assisting its customers with applications for resources through the program. PPP loans have a two-year term and earn interest at 1%. The Company believes that the majority of these loans will ultimately be forgiven by the SBA in accordance with the terms of the program. As of April 17, 2020, the Company has closed or approved with the SBA 732 PPP loans representing $158,000,000 in funding. It is the Company’s understanding that loans funded through the PPP program are fully guaranteed by the U.S. government. Should those circumstances change, the Company could be required to establish additional allowance for credit loss through additional credit loss expense charged to earnings. Further, in sensitivity and service to its communities during this unprecedented time, the Company is waiving late payment and overdraft fees and has temporarily suspended collection efforts on past due loans. Credit The Company is working with customers directly affected by COVID-19. The Company is prepared to offer short-term assistance in accordance with regulator guidelines. As a result of the current economic environment caused by the COVID-19 virus, the Company is engaging in more frequent communication with borrowers to better understand their situation and the challenges faced, allowing it to respond proactively as needs and issues arise. Should economic conditions worsen, the Company could experience further increases in its required allowance for credit losses (“ACL”) and record additional credit loss expense. It is possible that the Company’s asset quality measures could worsen at future measurement periods if the effects of COVID-19 are prolonged. Held to Maturity Securities At March 31, 2020, the Company held $8,343,000 in subordinated notes of CLO securities managed by its former subsidiary. 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. Thus, the Company may not receive the full amount of cash distributions it expects to receive, which would cause it to record additional allowance for credit losses with a corresponding charge to credit loss expense through earnings. Transportation The Company’s transportation businesses may be affected by COVID-19 and the additional impact from low oil prices. The global supply disruption from China, in combination with the U.S. supply chain challenges due to business closures, shelter in place orders and an overall decrease in consumer demand could have a material impact on freight volumes in the U.S., as early as the second quarter of 2020.
Debt Securities	Debt Securities The Company determines the classification of debt securities at the time of purchase. Debt securities that management has the positive intent and ability to hold to maturity are classified as held to maturity and recorded at amortized cost. Trading securities are recorded at fair value with changes in fair value included in earnings. Debt securities not classified as held to maturity or trading are classified as available for sale and recorded at fair value, with unrealized gains and losses excluded from earnings and reported in other comprehensive income (loss), net of tax. Gains and losses on the sale of securities are recorded on the trade date and are determined using the specific-identification method. Amortization of premiums and discounts are recognized in interest income over the period to maturity using the interest method, except for premiums on callable debt securities, which are amortized to their earliest call date. The Company has made a policy election to exclude accrued interest from the amortized cost basis of debt securities and report accrued interest separately in other assets in the consolidated balance sheets. A debt security is placed on nonaccrual status at the time any principal or interest payments become more than 90 days delinquent or if full collection of interest or principal becomes uncertain. Accrued interest for a security placed on nonaccrual is reversed against interest income. There was no accrued interest related to debt securities reversed against interest income for the three months ended March 31, 2020 and 2019.
Allowance for Credit Losses-Available for Sale Securities	Allowance for Credit Losses – Available for Sale Securities For available for sale debt securities in an unrealized loss position, the Company evaluates the securities to determine whether the decline in the fair value below the amortized cost basis (impairment) is due to credit-related factors or noncredit-related factors. Any impairment that is not credit related is recognized in other comprehensive income, net of applicable taxes. Credit-related impairment is recognized as an allowance for credit losses (“ACL”) on the balance sheet, limited to the amount by which the amortized cost basis exceeds the fair value, with a corresponding adjustment to earnings. Both the ACL and the adjustment to net income may be reversed if conditions change. However, if the Company intends to sell an impaired available for sale debt security or more likely than not will be required to sell such a security before recovering its amortized cost basis, the entire impairment amount must be recognized in earnings with a corresponding adjustment to the security’s amortized cost basis. Because the security’s amortized cost basis is adjusted to fair value, there is no ACL in this situation. In evaluating available for sale debt securities in unrealized loss positions for impairment and the criteria regarding its intent or requirement to sell such securities, the Company considers the extent to which fair value is less than amortized cost, whether the securities are issued by the federal government or its agencies, whether downgrades by bond rating agencies have occurred, and the results of reviews of the issuers’ financial condition, among other factors. Changes in the allowance for credit losses are recorded as provision for (or reversal of) credit loss expense. Losses are charged against the ACL when management believes the uncollectability of an available for sale debt security is confirmed or when either of the criteria regarding intent or requirement to sell is met. Accrued interest receivable is excluded from the estimate of credit losses.
Allowance for Credit Losses-Held to Maturity Securities	Allowance for Credit Losses – Held to Maturity Securities The allowance for credit losses on held to maturity securities is estimated on a collective basis by major security type. At March 31, 2020 and December 31, 2019, the Company’s held to maturity securities consisted of investments in the subordinated notes of collateralized loan obligation (“CLO”) funds. Expected credit losses for these securities are estimated using a loss rate methodology which considers historical credit loss information that is adjusted for current conditions and reasonable and supportable forecasts. Accrued interest receivable is excluded from the estimate of credit losses.
Loans	Loans Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at their amortized cost basis, which is the unpaid principal balance outstanding, net of unearned income, deferred loan fees and costs, premiums and discounts associated with acquisition date fair value adjustments on acquired loans, and any direct principal charge-offs. The Company has made a policy election to exclude accrued interest from the amortized cost basis of loans and report accrued interest separately from the related loan balance in other assets on consolidated balance sheets. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income over the remaining life of the loan without anticipating prepayments. Loans are considered past due or delinquent when the contractual principal or interest due in accordance with the terms of the loan agreement or any portion thereof remains unpaid after the due date of the scheduled payment. Loans are classified as nonaccrual when, in the opinion of management, collection of principal or interest is doubtful. The accrual of interest income on loans is typically discontinued at the time the loan is 90 days delinquent unless the loan is well-secured and in process of collection, or if full collection of interest or principal becomes uncertain. Consumer loans are typically charged off no later than 120 days past due. All interest accrued but not received for a loan placed on nonaccrual is reversed against interest income. Interest received on such loans is accounted for on the cash-basis or cost recovery method, until qualifying for return to accrual. Under the cost-recovery method, interest income is not recognized until the loan balance is reduced to zero. Under the cash basis method, interest income is recorded when the payment is received in cash. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Factored Receivables The Company purchases invoices from its factoring clients in schedules or batches. Cash is advanced to the client to the extent of the applicable advance rate, less fees, as set forth in the individual factoring agreements. The face value of the invoices purchased are recorded by the Company as factored receivables, and the unadvanced portions of the invoices purchased, less fees, are considered client reserves. The client reserves are held to settle any payment disputes or collection shortfalls, may be used to pay clients’ obligations to various third parties as directed by the client, are periodically released to or withdrawn by clients, and are reported as deposits in the consolidated balance sheets. Unearned factoring fees and unearned net origination fees are deferred and recognized over the weighted average collection period for each client. Subsequent factoring fees are recognized in interest income as incurred by the client and deducted from the clients’ reserve balances. Other factoring-related fees, which include wire transfer fees, carrier payment fees, fuel advance fees, and other similar fees, are reported by the Company as non-interest income as incurred by the client. Acquired Loans Acquired loans are recorded at fair value at the date of acquisition based on a discounted cash flow methodology that considers various factors including the type of loan and related collateral, classification status, fixed or variable interest rate, term of loan and whether or not the loan was amortizing, and a discount rate reflecting the Company’s assessment of risk inherent in the cash flow estimates. Certain larger purchased loans are individually evaluated while certain purchased loans are grouped together according to similar risk characteristics and are treated in the aggregate when applying various valuation techniques. These cash flow evaluations are inherently subjective as they require material estimates, all of which may be susceptible to significant change. Prior to January 1, 2020, loans acquired in a business combination that had evidence of deterioration of credit quality since origination and for which it was probable, at acquisition, that the Company would be unable to collect all contractually required payments receivable were considered purchased credit impaired (“PCI”). PCI loans were individually evaluated and recorded at fair value at the date of acquisition with no initial valuation allowance based on a discounted cash flow methodology that considered various factors including the type of loan and related collateral, classification status, fixed or variable interest rate, term of loan and whether or not the loan was amortizing, and a discount rate reflecting the Company’s assessment of risk inherent in the cash flow estimates. The difference between the undiscounted cash flows expected at acquisition and the investment in the loan, or the “accretable yield,” was recognized as interest income on a level-yield method over the life of the loan. Contractually required payments for interest and principal that exceed the undiscounted cash flows expected at acquisition, or the “nonaccretable difference,” were not recognized on the balance sheet and did not result in any yield adjustments, loss accruals or valuation allowances. Increases in expected cash flows, including prepayments, subsequent to the initial investment were recognized prospectively through adjustment of the yield on the loan over its remaining life. Decreases in expected cash flows were recognized as impairment. Valuation allowances on PCI loans reflected only losses incurred after the acquisition (meaning the present value of all cash flows expected at acquisition that ultimately were not to be received). Subsequent to January 1, 2020, loans acquired in a business combination that have experienced more-than-insignificant deterioration in credit quality since origination are considered purchased credit deteriorated (“PCD”) loans. At the acquisition date, an estimate of expected credit losses is made for groups of PCD loans with similar risk characteristics and individual PCD loans without similar risk characteristics. This initial allowance for credit losses is allocated to individual PCD loans and added to the purchase price or acquisition date fair values to establish the initial amortized cost basis of the PCD loans. As the initial allowance for credit losses is added to the purchase price, there is no credit loss expense recognized upon acquisition of a PCD loan. Any difference between the unpaid principal balance of PCD loans and the amortized cost basis is considered to relate to noncredit factors and results in a discount or premium. Discounts and premiums are recognized through interest income on a level-yield method over the life of the loans. All loans considered to be PCI prior to January 1, 2020 were converted to PCD on that date. For acquired loans not deemed purchased credit deteriorated at acquisition, the differences between the initial fair value and the unpaid principal balance are recognized as interest income on a level-yield basis over the lives of the related loans. At the acquisition date, an initial allowance for expected credit losses is estimated and recorded as credit loss expense. The subsequent measurement of expected credit losses for all acquired loans is the same as the subsequent measurement of expected credit losses for originated loans.
Allowance for Credit Losses-Loans	Allowance for Credit Losses – Loans Under the current expected credit loss model, the allowance for credit losses on loans is a valuation allowance estimated at each balance sheet date in accordance with US GAAP that is deducted from the loans’ amortized cost basis to present the net amount expected to be collected on the loans. The Company estimates the ACL on loans based on the underlying assets’ amortized cost basis, which is the amount at which the financing receivable is originated or acquired, adjusted for applicable accretion or amortization of premium, discount, and net deferred fees or costs, collection of cash, and charge-offs. In the event that collection of principal becomes uncertain, the Company has policies in place to reverse accrued interest in a timely manner. Therefore, the Company has made a policy election to exclude accrued interest from the measurement of ACL. Expected credit losses are reflected in the allowance for credit losses through a charge to credit loss expense. When the Company deems all or a portion of a financial asset to be uncollectible the appropriate amount is written off and the ACL is reduced by the same amount. The Company applies judgment to determine when a financial asset is deemed uncollectible; however, generally speaking, an asset will be considered uncollectible no later than when all efforts at collection have been exhausted. Subsequent recoveries, if any, are credited to the ACL when received. The Company measures expected credit losses of financial assets on a collective (pool) basis, when the financial assets share similar risk characteristics. Depending on the nature of the pool of financial assets with similar risk characteristics, the Company uses a discounted cash flow (“DCF”) method or a loss-rate method to estimate expected credit losses. The Company’s methodologies for estimating the ACL consider available relevant information about the collectability of cash flows, including information about past events, current conditions, and reasonable and supportable forecasts. The methodologies apply historical loss information, adjusted for asset-specific characteristics, economic conditions at the measurement date, and forecasts about future economic conditions expected to exist through the contractual lives of the financial assets that are reasonable and supportable, to the identified pools of financial assets with similar risk characteristics for which the historical loss experience was observed. The Company’s methodologies revert back to historical loss information on a straight line basis over eight quarters when it can no longer develop reasonable and supportable forecasts. The Company has identified the following pools of financial assets with similar risk characteristics for measuring expected credit losses: Commercial Real Estate — This category of loans consists of the following loan types: Non-farm Non-residential — This category includes real estate loans for a variety of commercial property types and purposes, including owner occupied commercial real estate loans primarily secured by commercial office or industrial buildings, warehouses or retail buildings where the owner of the building occupies the property. Repayment terms vary considerably, interest rates are fixed or variable, and are structured for full, partial, or no amortization of principal. This category also includes investment real estate loans that are primarily secured by office and industrial buildings, warehouses, small retail shopping centers and various special purpose properties. Generally, these types of loans are thought to involve a greater degree of credit risk than owner occupied commercial real estate as they are more sensitive to adverse economic conditions. Multi-family residential — Investment real estate loans are primarily secured by non-owner occupied apartment or multifamily residential buildings. Generally, these types of loans are thought to involve a greater degree of credit risk than owner occupied commercial real estate as they are more sensitive to adverse economic conditions. Construction, land development, land —This category of loans consists of loans to finance the ground up construction, improvement and/or carrying for sale after the completion of construction of owner occupied and non-owner occupied residential and commercial properties, and loans secured by raw or improved land. The repayment of construction loans is generally dependent upon the successful completion of the improvements by the builder for the end user, or sale of the property to a third party. Repayment of land secured loans are dependent upon the successful development and sale of the property, the sale of the land as is, or the outside cash flow of the owners to support the retirement of the debt. 1-4 family residential — This category of loans includes both first and junior liens on residential real estate. Home equity revolving lines of credit and home equity term loans are included in this group of loans. Farmland — These loans are principally loans to purchase farmland. Commercial — Commercial loans are loans for commercial, corporate and business purposes. The Company’s commercial business loan portfolio is comprised of loans for a variety of purposes and across a variety of industries. These loans include general commercial and industrial loans, loans to purchase capital equipment, agriculture operating loans and other business loans for working capital and operational purposes. Commercial loans are generally secured by accounts receivable, inventory and other business assets. A portion of the commercial loan portfolio consists of specialty commercial finance products as follows: Equipment — Equipment finance loans are commercial loans primarily secured by new or used revenue producing, essential-use equipment from major manufacturers that is movable, may be used in more than one type of business, and generally has broad resale markets. Core markets include transportation, construction, and waste. Loan terms do not exceed the economic life of the equipment and typically are 60 months or less. Asset-based Lending — These loans are originated to borrowers to support general working capital needs. The asset-based loan structure involves advances of loan proceeds against a borrowing base which typically consists of accounts receivable, identified readily marketable inventory, or other collateral of the borrower. The maximum amount a customer may borrow at any time is fixed as a percentage of the borrowing base outstanding. A portion of the commercial loan portfolio also consists of national lending products as follows: Liquid Credit — Broadly syndicated leveraged loans secured by a variety of collateral types. Premium Finance — Loans that provide customized premium financing solutions for the acquisition of property and casualty insurance coverage. In effect, these short term premium finance loans allow insureds to pay their insurance premiums over the life of the underlying policy, instead of paying the entire premium at the outset. Factored Receivables — The Company operates as a factor by purchasing accounts receivable from its clients, then collecting the receivable from the account debtor. The Company’s smaller factoring relationships are typically structured as “non-recourse” relationships (i.e., the Company retains the credit risk associated with the ability of the account debtor on a purchased invoice to ultimately make payment) and the Company’s larger factoring relationships are typically structured as “recourse” relationships (i.e., the Company’s client agrees to repurchase any invoices for which payment is not ultimately received from the account debtor). Advances initially made to the client to acquire the receivables are typically at a discount to the invoice value. The discount balance is held in client reserves, net of the Company’s compensation. The client reserves are held to settle any payment disputes or collection shortfalls, may be used to pay clients’ obligations to various third parties as directed by the client, are periodically released to or withdrawn by clients, and are reported as deposits. Consumer — Loans used for personal use typically on an unsecured basis. Mortgage Warehouse — Mortgage Warehouse facilities are provided to unaffiliated mortgage origination companies and are collateralized by 1-4 family residential loans. The originator closes new mortgage loans with the intent to sell these loans to third party investors for a profit. The Company provides funding to the mortgage companies for the period between the origination and their sale of the loan. The Company has a policy that requires that it separately validate that each residential mortgage loan was underwritten consistent with the underwriting requirements of the final investor or market standards prior to advancing funds. The Company is repaid with the proceeds received from sale of the mortgage loan to the final investor. Discounted Cash Flow Method The Company uses the discounted cash flow method to estimate expected credit losses for the commercial real estate, construction, land development, land, 1-4 family residential, commercial (excluding liquid credit and premium finance), and consumer loan pools. For each of these loan segments, the Company generates cash flow projections at the instrument level wherein payment expectations are adjusted for estimated prepayment speed, curtailments, time to recovery, probability of default, and loss given default. The modeling of expected prepayment speeds, curtailment rates, and time to recovery are based on historical internal data. The Company uses regression analysis of historical internal and peer data to determine suitable loss drivers to utilize when modeling lifetime probability of default and loss given default. This analysis also determines how expected probability of default and loss given default will react to forecasted levels of the loss drivers. For all loan pools utilizing the DCF method, management utilizes and forecasts national unemployment as a loss driver. Management also utilizes and forecasts either one-year percentage change in national retail sales, one-year percentage change in the national home price index, or one-year percentage change in national gross domestic product 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. For all DCF models, management has determined that four quarters represents a reasonable and supportable forecast period and reverts back to a historical loss rate over eight quarters on a straight-line basis. Management leverages economic projections from a reputable and independent third party to inform its loss driver forecasts over the four-quarter forecast period. Other internal and external indicators of economic forecasts are also considered by management when developing the forecast metrics. The combination of adjustments for credit expectations (default and loss) and timing expectations (prepayment, curtailment, and time to recovery) produces an expected cash flow stream at the instrument level. Instrument effective yield is calculated, net of the impacts of prepayment assumptions, and the instrument expected cash flows are then discounted at that effective yield to produce an instrument-level net present value of expected cash flows (“NPV”). An ACL is established for the difference between the instrument’s NPV and amortized cost basis. Loss-Rate Method The Company uses a loss-rate method to estimate expected credit losses for the farmland, liquid credit, premium finance, factored receivable, and mortgage warehouse loan pools. For each of these loan segments, the Company applies an expected loss ratio based on internal and peer historical losses adjusted as appropriate for qualitative factors. Qualitative loss factors are based on management's judgment of company, market, industry or business specific data, changes in underlying loan composition of specific portfolios, trends relating to credit quality, delinquency, non-performing and adversely rated loans, and reasonable and supportable forecasts of economic conditions. Collateral Dependent Financial Assets Loans that do not share risk characteristics are evaluated on an individual basis. For collateral dependent financial assets where the Company has determined that foreclosure of the collateral is probable, or where the borrower is experiencing financial difficulty and the Company expects repayment of the financial asset to be provided substantially through the operation or sale of the collateral, the ACL is measured based on the difference between the fair value of the collateral and the amortized cost basis of the asset as of the measurement date. When repayment is expected to be from the operation of the collateral, expected credit losses are calculated as the amount by which the amortized cost basis of the financial asset exceeds the present value of expected cash flows from the operation of the collateral. When repayment is expected to be from the sale of the collateral, expected credit losses are calculated as the amount by which the amortized costs basis of the financial asset exceeds the fair value of the underlying collateral less estimated cost to sell. The ACL may be zero if the fair value of the collateral at the measurement date exceeds the amortized cost basis of the financial asset. The Company’s estimate of the ACL reflects losses expected over the remaining contractual life of the assets. The contractual term does not consider extensions, renewals or modifications unless the Company has identified an expected troubled debt restructuring. A loan that has been modified or renewed is considered a troubled debt restructuring (“TDR”) when two conditions are met: 1) the borrower is experiencing financial difficulty and 2) concessions are made for the borrower's benefit that would not otherwise be considered for a borrower or transaction with similar credit risk characteristics. The Company’s ACL reflects all effects of a TDR when an individual asset is specifically identified as a reasonably expected TDR. The Company has determined that a TDR is reasonably expected no later than the point when the lender concludes that modification is the best course of action and it is at least reasonably possible that the troubled borrower will accept some form of concession from the lender to avoid a default. Reasonably expected TDRs and executed non-performing TDRs are evaluated individually to determine the required ACL. TDRs performing in accordance with their modified contractual terms for a reasonable period of time may be included in the Company’s existing pools based on the underlying risk characteristics of the loan to measure the ACL.
Loan Commitments and Allowance for Credit Losses on Off-Balance Sheet Credit Exposures	Loan Commitments and Allowance for Credit Losses on Off-Balance Sheet Credit Exposures Financial instruments include off-balance sheet credit instruments, such as commitments to make loans, commitments to purchase broadly syndicated loans, and commercial letters of credit, issued to meet customer financing needs. The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for off-balance sheet loan commitments is represented by the contractual amount of those instruments. Such financial instruments are recorded when they are funded. The Company records an allowance for credit losses on off-balance sheet credit exposures, unless the commitments to extend credit are unconditionally cancelable, through a charge to credit loss expense for off-balance sheet credit exposures included in other noninterest expense in the Company’s consolidated statements of income. The ACL on off-balance sheet credit exposures is estimated by loan segment at each balance sheet date under the current expected credit loss model using the same methodologies as portfolio loans, taking into consideration the likelihood that funding will occur, and is included in other liabilities on the Company’s consolidated balance sheets.
Adoption of New Accounting Standards	Adoption of New Accounting Standards In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” (“ASU 2016-13”). ASU 2016-13 makes significant changes to the accounting for credit losses on financial instruments presented on an amortized cost basis and disclosures about them. The new current expected credit loss (“CECL”) impairment model requires an estimate of expected credit losses, measured over the contractual life of an instrument, which considers reasonable and supportable forecasts of future economic conditions in addition to information about past events and current conditions. The standard provides significant flexibility and requires a high degree of judgment with regards to pooling financial assets with similar risk characteristics and adjusting the relevant historical loss information in order to develop an estimate of expected lifetime losses. ASU 2016-13 permits the use of estimation techniques that are practical and relevant to the Company’s circumstances, as long as they are applied consistently over time and faithfully estimate expected credit losses in accordance with the standard. The ASU lists several common credit loss methods that are acceptable such as a discounted cash flow (“DCF”) method, loss-rate method and roll-rate method. In addition, ASU 2016-13 amends the accounting for credit losses on debt securities and purchased financial assets with credit deterioration. The Company adopted ASU 2016-13 on January 1, 2020 using the modified retrospective approach. Results for the periods beginning after January 1, 2020 are presented under Accounting Standards Codification (“ASC”) 326 while prior period amounts continue to be reported in accordance with previously applicable US GAAP. The Company recorded a net reduction of retained earnings of $1,771,000 upon adoption. The transition adjustment includes an increase in the allowance for credit losses on loans of $269,000, an increase in the allowance for credit losses on held to maturity debt securities of $126,000, and an increase in the allowance for credit losses on off-balance sheet credit exposures of $1,918,000, net of the corresponding increases in deferred tax assets of $542,000. The Company adopted ASU 2016-13 using the prospective transition approach for financial assets purchased with credit deterioration (“PCD”) that were previously classified as purchased credit impaired (“PCI”) and accounted for under ASC 310-30. In accordance with the standard, the Company did not reassess whether PCI assets met the criteria of PCD assets as of the date of adoption. The remaining discount on the PCD assets was determined to be related to noncredit factors and will be accreted into interest income on a level-yield method over the life of the loans. In January 2017, the FASB issued ASU 2017-04, “Intangibles - Goodwill and Other (Topic 350) - Simplifying the Test for Goodwill Impairment” (“ASU 2017-04”). ASU 2017-04 simplifies the accounting for goodwill impairment for all entities by requiring impairment charges to be based on the first step in the previous two-step impairment test. Under the new guidance, if a reporting unit’s carrying amount exceeds its fair value, an entity will record an impairment charge based on that difference. The impairment charge will be limited to the amount of goodwill allocated to that reporting unit. The standard eliminates the prior requirement to calculate a goodwill impairment charge using Step 2, which requires an entity to calculate any impairment charge by comparing the implied fair value of goodwill with its carrying amount. ASU 2017-04 was effective for the Company on January 1, 2020 and did not have a material impact on the Company’s financial statements. In August 2018, the FASB issued ASU 2018-13, “Fair Value Measurement (Topic 820) - Changes to the Disclosure Requirements for Fair Value Measurement” (“ASU 2018-13”). ASU 2018-13 modifies the disclosure requirements on fair value measurements by requiring that Level 3 fair value disclosures include the range and weighted average of significant unobservable inputs used to develop those fair value measurements. For certain unobservable inputs, an entity may disclose other quantitative information in lieu of the weighted average if the entity determines that other quantitative information would be a more reasonable and rational method to reflect the distribution of unobservable inputs used to develop Level 3 fair value measurements. ASU 2018-13 was effective for the Company on January 1, 2020 and did not have a material impact on the Company’s financial statement disclosures. In August 2018, the FASB issued ASU 2018-15, “Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40) - Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract” (“ASU 2018-15”). ASU 2018-15 aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal use software license). The accounting for the service element of a hosting arrangement that is a service contract is not affected by these amendments. ASU 2018-15 was effective for the Company on January 1, 2020 and did not have a material impact on the Company’s financial statements. In March 2020, various regulatory agencies, including the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation, (“the agencies”) issued an interagency statement on loan modifications and reporting for financial institutions working with customers affected by the Coronavirus. The interagency statement was effective immediately and impacted accounting for loan modifications. Under Accounting Standards Codification 310-40, “Receivables – Troubled Debt Restructurings by Creditors,” (“ASC 310-40”), a restructuring of debt constitutes a troubled debt restructuring (“TDR”) if the creditor, for economic or legal reasons related to the debtor’s financial difficulties, grands a concession to the debtor that it would not otherwise consider. The agencies confirmed with the staff of the FASB that short-term modifications made on a good faith basis in response to COVID-19 to borrowers who were current prior to any relief, are not to be considered TDRs. This includes short-term (e.g., six months) modifications such as payment deferrals, fee waivers, extensions of repayment terms, or other delays in payment that are insignificant. Borrowers considered current are those that are less than 30 days past due on their contractual payments at the time a modification program is implemented. This interagency guidance is expected to have a material impact on the Company’s financial statements; however, this impact cannot be quantified at this time. See Note 4 of the condensed footnotes to the consolidated financial statements for disclosure of the impact to date.

Business Divestitures (Tables)

3 Months Ended

Mar. 31, 2020

Triumph Premium Finance

Business Acquisition [Line Items]

Summary of Assets Held for Sale

A summary of the carrying amount of the assets in the Disposal Group transferred to held for sale at March 31, 2020 is as follows:

(Dollars in thousands)	March 31, 2020
Carrying amount of assets in the disposal group:
Loans	$	97,839
Premises and equipment, net		53
Other assets		3
Total carrying amount	$	97,895

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

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+ Details

Securities (Tables)

3 Months Ended

Mar. 31, 2020

Schedule Of Debt Securities And Equity Securities [Line Items]

Schedule of Gross Realized and Unrealized Losses Recognized on Equity Securities

	Three Months Ended March 31,
(Dollars in thousands)	2020		2019
Unrealized gains (losses) on equity securities still held at the reporting date	$	241	$	139
Realized gains (losses) on equity securities sold during the period		—		—
	$	241	$	139

Schedule of Amortized Cost and Estimated Fair Value of Debt Securities by Contractual Maturity

	Available for Sale Securities				Held to Maturity Securities
	Amortized		Fair		Amortized		Fair
(Dollars in thousands)	Cost		Value		Cost		Value
Due in one year or less	$	66,466	$	66,604	$	—	$	—
Due from one year to five years		32,330		32,813		—		—
Due from five years to ten years		29,017		29,110		8,343		6,742
Due after ten years		135,153		126,172		—		—
		262,966		254,699		8,343		6,742
Mortgage-backed securities, residential		34,803		35,979		—		—
Asset backed securities		7,688		7,543		—		—
SBA pooled securities		3,850		3,901		—		—
	$	309,307	$	302,122	$	8,343	$	6,742

Schedule of Proceeds from Sales of Debt Securities and the Associated Gross Gains and Losses

Proceeds from sales of debt securities and the associated gross gains and losses are as follows:

	Three Months Ended March 31,
(Dollars in thousands)	2020		2019
Proceeds	$	—	$	37,467
Gross gains	$	—	$	119
Gross losses	$	—	$	(130	)
Net gains and losses from calls of securities	$	38	$	—

Schedule of Available for Sale Debt Securities in an Unrealized Loss Position

	Less than 12 Months					12 Months or More					Total
(Dollars in thousands)	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
March 31, 2020	Value		Losses			Value		Losses			Value		Losses
Available for sale securities:
Mortgage-backed securities, residential	$	3,492	$	(36	)	$	481	$	(6	)	$	3,973	$	(42	)
Asset backed securities		555		(3	)		6,988		(142	)		7,543		(145	)
State and municipal		1,395		(1	)		1,898		(5	)		3,293		(6	)
CLO securities		70,039		(9,159	)		2,281		(464	)		72,320		(9,623	)
Corporate bonds		17,680		(215	)		149		(1	)		17,829		(216	)
SBA pooled securities		1,137		(26	)		8		—			1,145		(26	)
	$	94,298	$	(9,440	)	$	11,805	$	(618	)	$	106,103	$	(10,058	)

	Less than 12 Months					12 Months or More					Total
(Dollars in thousands)	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
December 31, 2019	Value		Losses			Value		Losses			Value		Losses
Available for sale securities:
U.S. Government agency obligations	$	—	$	—		$	12,331	$	(34	)	$	12,331	$	(34	)
Mortgage-backed securities, residential		3,549		(29	)		777		(7	)		4,326		(36	)
Asset-backed securities		2,986		(36	)		4,973		(44	)		7,959		(80	)
State and municipal		562		—			3,426		(8	)		3,988		(8	)
CLO Securities		58,160		(358	)		—		—			58,160		(358	)
Corporate bonds		—		—			149		(1	)		149		(1	)
SBA pooled securities		354		—			9		(1	)		363		(1	)
	$	65,611	$	(423	)	$	21,665	$	(95	)	$	87,276	$	(518	)

Summary of Activity in Allowance for Credit Losses for Held To Maturity Debt Securities

The following table presents the activity in the allowance for credit losses for held to maturity debt securities:

(Dollars in thousands)	Held to Maturity
Three months ended March 31, 2020	CLO Securities
Allowance for credit losses:
Beginning balance	$	—
Impact of adopting ASC 326		126
Credit loss expense		—
Allowance for credit losses ending balance	$	126

Debt Securities [Member]

Schedule Of Debt Securities And Equity Securities [Line Items]

Schedule of Amortized Cost of Securities and Their Estimated Fair Values

				Gross		Gross			Allowance
(Dollars in thousands)	Amortized			Unrealized		Unrealized			for Credit		Fair
March 31, 2020	Cost			Gains		Losses			Losses		Value
Available for sale securities:
U.S. Government agency obligations	$	28,715		$	341	$	—		$	—	$	29,056
Mortgage-backed securities, residential		34,803			1,218		(42	)		—		35,979
Asset backed securities		7,688			—		(145	)		—		7,543
State and municipal		51,858			1,011		(6	)		—		52,863
CLO securities		136,007			—		(9,623	)		—		126,384
Corporate bonds		46,386			226		(216	)		—		46,396
SBA pooled securities		3,850			77		(26	)		—		3,901
Total available for sale securities	$	309,307		$	2,873	$	(10,058	)	$	—	$	302,122

				Gross		Gross
	Amortized			Unrecognized		Unrecognized			Fair
	Cost			Gains		Losses			Value
Held to maturity securities:
CLO securities	$	8,343		$	—	$	(1,601	)	$	6,742
Allowance for credit losses		(126	)
Total held to maturity securities, net of ACL	$	8,217

			Gross		Gross
(Dollars in thousands)	Amortized		Unrealized		Unrealized			Fair
December 31, 2019	Cost		Gains		Losses			Value
Available for sale securities:
U.S. Government agency obligations	$	39,679	$	115	$	(34	)	$	39,760
Mortgage-backed securities, residential		37,324		728		(36	)		38,016
Asset-backed securities		8,039		—		(80	)		7,959
State and municipal		31,746		327		(8	)		32,065
CLO Securities		75,592		39		(358	)		75,273
Corporate bonds		50,889		695		(1	)		51,583
SBA pooled securities		4,112		53		(1	)		4,164
Total available for sale securities	$	247,381	$	1,957	$	(518	)	$	248,820

			Gross		Gross
	Amortized		Unrecognized		Unrecognized			Fair
	Cost		Gains		Losses			Value
Held to maturity securities:
CLO securities	$	8,417	$	—	$	(1,510	)	$	6,907

Loans and Allowance for Credit Losses (Tables)

3 Months Ended

Mar. 31, 2020

Loans And Leases Receivable Disclosure [Abstract]

Schedule of Loans Held for Sale

The following table presents loans held for sale:

(Dollars in thousands)	March 31, 2020		December 31, 2019
1-4 family residential	$	4,180	$	2,735
Commercial		251		—
Total loans held for sale	$	4,431	$	2,735

Schedule of Amortized Cost and Unpaid Principal

The following table presents the amortized cost and unpaid principal balance of loans held for investment:

	March 31, 2020								December 31, 2019
	Amortized			Unpaid					Amortized			Unpaid
(Dollars in thousands)	Cost			Principal		Difference			Cost			Principal		Difference
Commercial real estate	$	985,757		$	990,063	$	(4,306	)	$	1,046,961		$	1,051,684	$	(4,723	)
Construction, land development, land		198,050			199,638		(1,588	)		160,569			162,335		(1,766	)
1-4 family residential		169,703			170,506		(803	)		179,425			180,340		(915	)
Farmland		133,579			134,507		(928	)		154,975			156,995		(2,020	)
Commercial		1,412,822			1,416,913		(4,091	)		1,342,683			1,346,444		(3,761	)
Factored receivables		661,100			663,105		(2,005	)		619,986			621,697		(1,711	)
Consumer		20,326			20,383		(57	)		21,925			21,994		(69	)
Mortgage warehouse		739,211			739,211		—			667,988			667,988		—
Total		4,320,548		$	4,334,326	$	(13,778	)		4,194,512		$	4,209,477	$	(14,965	)
Allowance for credit losses		(44,732	)							(29,092	)
	$	4,275,816							$	4,165,420

Summary of Allowance for Loan and Lease Losses

			Impact of			Credit								Reclassification
(Dollars in thousands)	Beginning		Adopting			Loss								to Held			Ending
Three months ended March 31, 2020	Balance		ASC 326			Expense			Charge-offs			Recoveries		For Sale			Balance
Commercial real estate	$	5,353	$	1,372		$	5,027		$	—		$	1	$	—		$	11,753
Construction, land development, land		1,382		(187	)		1,983			—			1		—			3,179
1-4 family residential		308		513			259			(21	)		28		—			1,087
Farmland		670		437			(86	)		—			—		—			1,021
Commercial		12,566		(184	)		8,233			(306	)		285		(449	)		20,145
Factored receivables		7,657		(1,630	)		1,463			(1,394	)		38		—			6,134
Consumer		488		(52	)		411			(204	)		31		—			674
Mortgage warehouse		668		—			71			—			—		—			739
	$	29,092	$	269		$	17,361		$	(1,925	)	$	384	$	(449	)	$	44,732

(Dollars in thousands)	Beginning		Credit Loss								Ending
Three months ended March 31, 2019	Balance		Expense			Charge-offs			Recoveries		Balance
Commercial real estate	$	4,493	$	692		$	—		$	1	$	5,186
Construction, land development, land		1,134		(235	)		(78	)		85		906
1-4 family residential		317		39			(36	)		47		367
Farmland		535		43			—			—		578
Commercial		12,865		120			(780	)		7		12,212
Factored receivables		7,299		189			(9	)		16		7,495
Consumer		615		173			(278	)		45		555
Mortgage warehouse		313		(7	)		—			—		306
	$	27,571	$	1,014		$	(1,181	)	$	201	$	27,605

Individual And Collective Allowance For Credit Losses On Financing Receivables And Loan Balances

(Dollars in thousands)			Accounts								ACL
March 31, 2020	Real Estate		Receivable		Equipment		Other		Total		Allocation
Commercial real estate	$	17,142	$	—	$	—	$	301	$	17,443	$	948
Construction, land development, land		4,611		—		—		—		4,611		271
1-4 family residential		2,436		—		—		—		2,436		24
Farmland		5,778		—		157		—		5,935		—
Commercial		3,857		4,471		7,730		4,582		20,640		3,457
Factored receivables		—		19,977		—		—		19,977		2,677
Consumer		—		—		—		391		391		63
Mortgage warehouse		—		—		—		—		—		—
Total	$	33,824	$	24,448	$	7,887	$	5,274	$	71,433	$	7,440

Summary of Information Pertaining to Impaired Loans

(Dollars in thousands)	Loan Evaluation								ACL Allocations
December 31, 2019	Individually		Collectively		PCI		Total loans		Individually		Collectively		PCI		Total ACL
Commercial real estate	$	7,455	$	1,030,439	$	9,067	$	1,046,961	$	344	$	5,009	$	—	$	5,353
Construction, land development, land		2,138		155,985		2,446		160,569		271		1,111		—		1,382
1-4 family residential		1,728		177,189		508		179,425		33		275		—		308
Farmland		6,638		148,233		104		154,975		—		670		—		670
Commercial		15,618		1,326,515		550		1,342,683		1,278		11,284		4		12,566
Factored receivables		15,947		604,039		—		619,986		3,178		4,479		—		7,657
Consumer		327		21,598		—		21,925		9		479		—		488
Mortgage warehouse		—		667,988		—		667,988		—		668		—		668
	$	49,851	$	4,131,986	$	12,675	$	4,194,512	$	5,113	$	23,975	$	4	$	29,092

	Impaired Loans and Purchased Credit						Impaired Loans
	Impaired Loans With a Valuation Allowance						Without a Valuation Allowance
(Dollars in thousands)	Amortized		Unpaid		Related		Amortized		Unpaid
December 31, 2019	Cost		Principal		Allowance		Cost		Principal
Commercial real estate	$	878	$	907	$	344	$	6,577	$	6,643
Construction, land development, land		935		935		271		1,203		1,305
1-4 family residential		35		22		33		1,693		1,799
Farmland		—		—		—		6,638		6,819
Commercial		6,032		6,053		1,278		9,586		9,751
Factored receivables		15,940		15,940		3,178		7		7
Consumer		17		16		9		310		311
Mortgage warehouse		—		—		—		—		—
PCI		71		55		4		—		—
	$	23,908	$	23,928	$	5,117	$	26,014	$	26,635

	Three Months Ended
	March 31, 2019
	Average		Interest
(Dollars in thousands)	Impaired Loans		Recognized
Commercial real estate	$	7,340	$	—
Construction, land development, land		555		—
1-4 family residential		1,880		1
Farmland		6,969		45
Commercial		14,975		52
Factored receivables		7,539		—
Consumer		376		—
Mortgage warehouse		—		—
PCI		71		—
	$	39,705	$	98

Summary of Contractually Past Due and Nonaccrual Loans

The following tables present an aging of contractually past due loans:

													Past Due 90
(Dollars in thousands)	Past Due		Past Due		Past Due 90		Total						Days or More
March 31, 2020	30-59 Days		60-90 Days		Days or More		Past Due		Current		Total		and Accruing
Commercial real estate	$	1,172	$	540	$	3,723	$	5,435	$	980,322	$	985,757	$	—
Construction, land development, land		1,927		—		1,183		3,110		194,940		198,050		—
1-4 family residential		1,614		578		1,011		3,203		166,500		169,703		200
Farmland		871		310		1,755		2,936		130,643		133,579		—
Commercial		5,867		8,659		10,993		25,519		1,387,303		1,412,822		717
Factored receivables		28,678		9,448		6,849		44,975		616,125		661,100		6,849
Consumer		408		140		264		812		19,514		20,326		—
Mortgage warehouse		—		—		—		—		739,211		739,211		—
Total	$	40,537	$	19,675	$	25,778	$	85,990	$	4,234,558	$	4,320,548	$	7,766

													Past Due 90
(Dollars in thousands)	Past Due		Past Due		Past Due 90		Total						Days or More
December 31, 2019	30-59 Days		60-90 Days		Days or More		Past Due		Current		Total		and Accruing
Commercial real estate	$	1,752	$	1,328	$	1,759	$	4,839	$	1,042,122	$	1,046,961	$	—
Construction, land development, land		1,785		842		361		2,988		157,581		160,569		—
1-4 family residential		1,396		723		554		2,673		176,752		179,425		286
Farmland		52		132		2,376		2,560		152,415		154,975		—
Commercial		4,444		4,154		9,555		18,153		1,324,530		1,342,683		808
Factored receivables		29,118		7,182		4,226		40,526		579,460		619,986		4,226
Consumer		508		429		183		1,120		20,805		21,925		49
Mortgage warehouse		—		—		—		—		667,988		667,988		—
Total	$	39,055	$	14,790	$	19,014	$	72,859	$	4,121,653	$	4,194,512	$	5,369

Summary of Amortized Cost Basis of Loans on Nonaccrual Status

	March 31, 2020				December 31, 2019
			Nonaccrual				Nonaccrual
(Dollars in thousands)	Nonaccrual		With No ACL		Nonaccrual		With No ACL
Commercial real estate	$	14,645	$	7,162	$	7,501	$	6,623
Construction, land development, land		3,819		2,904		3,922		2,987
1-4 family residential		1,971		1,935		1,730		1,694
Farmland		5,714		5,714		6,494		6,494
Commercial		20,589		11,974		16,080		9,977
Factored receivables		—		—		—		—
Consumer		391		196		327		310
Mortgage warehouse		—		—		—		—
	$	47,129	$	29,885	$	36,054	$	28,085

Schedule of Accrued Interest on Non Accrual Loans Reversed Through Interest Income

The following table presents accrued interest on nonaccrual loans reversed through interest income:

	Three Months Ended March 31,
(Dollars in thousands)	2020		2019
Commercial real estate	$	62	$	8
Construction, land development, land		—		9
1-4 family residential		8		2
Farmland		—		1
Commercial		16		26
Factored receivables		—		—
Consumer		2		—
Mortgage warehouse		—		—
	$	88	$	46

Schedule of Nonperforming Loans

The following table presents information regarding nonperforming loans:

(Dollars in thousands)	March 31, 2020		December 31, 2019
Nonaccrual loans⁽¹⁾	$	47,129	$	36,054
Factored receivables greater than 90 days past due		6,849		4,226
Troubled debt restructurings accruing interest		327		333
	$	54,305	$	40,613

⁽¹⁾

^{Includes troubled debt restructurings of $17,034,000 and $4,888,000 at March 31, 2020 and December 31, 2019, respectively.}

Summary of Risk Category of Loans

															Revolving
															Loans
(Dollars in thousands)													Revolving		Converted
March 31, 2020	2020		2019		2018		2017		2016		Prior		Loans		To Term Loans		Total
Commercial real estate
Pass	$	163,579	$	203,382	$	202,464	$	185,099	$	92,427	$	108,488	$	9,867	$	2,762	$	968,068
Classified		9,368		3,197		448		152		1,578		2,946		—		—		17,689
Total commercial real estate	$	172,947	$	206,579	$	202,912	$	185,251	$	94,005	$	111,434	$	9,867	$	2,762	$	985,757

Construction, land development, land
Pass	$	68,211	$	48,414	$	56,695	$	12,743	$	1,541	$	2,895	$	3,208	$	499	$	194,206
Classified		894		2,588		—		—		—		307		55		—		3,844
Total construction, land development, land	$	69,105	$	51,002	$	56,695	$	12,743	$	1,541	$	3,202	$	3,263	$	499	$	198,050

1-4 family residential
Pass	$	5,076	$	26,406	$	27,342	$	17,323	$	13,795	$	39,262	$	36,985	$	1,409	$	167,598
Classified		174		71		435		30		372		848		175		—		2,105
Total 1-4 family residential	$	5,250	$	26,477	$	27,777	$	17,353	$	14,167	$	40,110	$	37,160	$	1,409	$	169,703

Farmland
Pass	$	16,292	$	22,822	$	23,211	$	16,122	$	17,630	$	24,532	$	2,073	$	478	$	123,160
Classified		2,745		1,284		1,534		1,589		1,043		1,324		900		—		10,419
Total farmland	$	19,037	$	24,106	$	24,745	$	17,711	$	18,673	$	25,856	$	2,973	$	478	$	133,579

Commercial
Pass	$	179,268	$	348,914	$	196,152	$	70,812	$	18,368	$	12,701	$	532,877	$	12,099	$	1,371,191
Classified		599		9,813		9,895		3,790		668		353		16,513		—		41,631
Total commercial	$	179,867	$	358,727	$	206,047	$	74,602	$	19,036	$	13,054	$	549,390	$	12,099	$	1,412,822

Factored receivables
Pass	$	644,774	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	644,774
Classified		9,477		6,849		—		—		—		—		—		—		16,326
Total factored receivables	$	654,251	$	6,849	$	—	$	—	$	—	$	—	$	—	$	—	$	661,100

Consumer
Pass	$	1,135	$	5,042	$	2,483	$	5,735	$	3,986	$	1,382	$	168	$	—	$	19,931
Classified		—		—		18		89		230		58		—		—		395
Total consumer	$	1,135	$	5,042	$	2,501	$	5,824	$	4,216	$	1,440	$	168	$	—	$	20,326

Mortgage warehouse
Pass	$	—	$	—	$	—	$	—	$	—	$	—	$	739,211	$	—	$	739,211
Classified		—		—		—		—		—		—		—		—		—
Total mortgage warehouse	$	—	$	—	$	—	$	—	$	—	$	—	$	739,211	$	—	$	739,211

Total loans
Pass	$	1,078,335	$	654,980	$	508,347	$	307,834	$	147,747	$	189,260	$	1,324,389	$	17,247	$	4,228,139
Classified		23,257		23,802		12,330		5,650		3,891		5,836		17,643		—		92,409
Total loans	$	1,101,592	$	678,782	$	520,677	$	313,484	$	151,638	$	195,096	$	1,342,032	$	17,247	$	4,320,548

(Dollars in thousands)
December 31, 2019	Pass		Classified		PCI		Total
Commercial real estate	$	1,030,358	$	7,536	$	9,067	$	1,046,961
Construction, land development, land		155,985		2,138		2,446		160,569
1-4 family residential		177,177		1,740		508		179,425
Farmland		144,777		10,094		104		154,975
Commercial		1,313,042		29,091		550		1,342,683
Factored receivables		604,774		15,212		—		619,986
Consumer		21,594		331		—		21,925
Mortgage warehouse		667,988		—		—		667,988
	$	4,115,695	$	66,142	$	12,675	$	4,194,512

Schedule of Loans Modified as Troubled Debt Restructurings

	Extended
	Amortization		Payment		Total		Number of
(Dollars in thousands)	Period		Deferrals		Modifications		Loans
March 31, 2020
Construction, land development, land	$	8	$	—	$	8		1
Farmland		3,486		—		3,486		1
Commercial		4,547		5,793		10,340		3
	$	8,041	$	5,793	$	13,834		5
March 31, 2019
Commercial	$	—	$	84	$	84		2

Schedule of Outstanding Contractually Required Principal and Interest and Carrying Amount of PCI Loans Receivable

The following table summarizes information pertaining to loans that were identified as purchased credit impaired prior to the adoption of ASU 2016-13:

	December 31,
	2019
Contractually required principal and interest:
Real estate loans	$	14,015
Commercial loans		677
Outstanding contractually required principal and interest	$	14,692
Gross carrying amount included in loans receivable	$	12,675

Schedule of Changes in Accretable Yield for the PCI Loans

The changes in accretable yield related to loans that were identified as purchased credit impaired prior to the adoption of ASU 2016-13 were as follows:

	Three Months Ended
		March 31, 2019
Accretable yield, beginning balance		$	5,711
Additions			—
Accretion			(411	)
Reclassification from nonaccretable to accretable yield			—
Disposals			(17	)
Accretable yield, ending balance		$	5,283

Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2020

Goodwill And Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets and Goodwill

Goodwill and intangible assets consist of the following:

(Dollars in thousands)		March 31, 2020				December 31, 2019
Goodwill		$	158,743			$	158,743

	March 31, 2020							December 31, 2019
	Gross Carrying		Accumulated			Net Carrying		Gross Carrying		Accumulated			Net Carrying
(Dollars in thousands)	Amount		Amortization			Amount		Amount		Amortization			Amount
Core deposit intangibles	$	43,578	$	(23,591	)	$	19,987	$	43,578	$	(22,258	)	$	21,320
Other intangible assets		15,700		(6,222	)		9,478		15,700		(5,477	)		10,223
	$	59,278	$	(29,813	)	$	29,465	$	59,278	$	(27,735	)	$	31,543

Schedule of Changes in Goodwill and Intangible Assets

The changes in goodwill and intangible assets are as follows:

	Three Months Ended March 31,
(Dollars in thousands)	2020			2019
Beginning balance	$	190,286		$	199,417
Amortization of intangibles		(2,078	)		(2,402	)
Ending balance	$	188,208		$	197,015

Variable Interest Entities (Tables)

3 Months Ended

Mar. 31, 2020

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Schedule of Variable Interest Entities

The Company holds investments in the subordinated notes of the following closed CLO funds:

	Offering	Offering
(Dollars in thousands)	Date	Amount
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

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

+ References + Details

Off-Balance Sheet Loan Commitments (Tables)

3 Months Ended

Mar. 31, 2020

Commitments And Contingencies Disclosure [Abstract]

Summary of Financial Instruments with Off-Balance Sheet Risk

The contractual amounts of financial instruments with off-balance sheet risk were as follows:

	March 31, 2020						December 31, 2019
(Dollars in thousands)	Fixed Rate		Variable Rate		Total		Fixed Rate		Variable Rate		Total
Unused lines of credit	$	50,742	$	399,373	$	450,115	$	49,057	$	444,028	$	493,085
Standby letters of credit		3,151		4,120		7,271		3,017		3,781		6,798
Commitments to purchase loans		—		112,059		112,059		—		22,004		22,004
Mortgage warehouse commitments		—		285,789		285,789		—		340,502		340,502

Fair Value Disclosures (Tables)

3 Months Ended

Mar. 31, 2020

Fair Value Disclosures [Abstract]

Assets Measured at Fair Value on a Recurring Basis

Assets and liabilities measured at fair value on a recurring basis are summarized in the table below.

(Dollars in thousands)	Fair Value Measurements Using						Total
March 31, 2020	Level 1		Level 2		Level 3		Fair Value
Assets measured at fair value on a recurring basis
Securities available for sale
U.S. Government agency obligations	$	—	$	29,056	$	—	$	29,056
Mortgage-backed securities, residential		—		35,979		—		35,979
Asset backed securities		—		7,543		—		7,543
State and municipal		—		52,863		—		52,863
CLO securities		—		126,384		—		126,384
Corporate bonds		—		46,396		—		46,396
SBA pooled securities		—		3,901		—		3,901
	$	—	$	302,122	$	—	$	302,122

Equity securities
Mutual fund	$	5,678	$	—	$	—	$	5,678

Loans held for sale	$	—	$	4,431	$	—	$	4,431

Liabilities measured at fair value on a recurring basis
ICC Contingent consideration	$	—	$	—	$	21,927	$	21,927

(Dollars in thousands)	Fair Value Measurements Using						Total
December 31, 2019	Level 1		Level 2		Level 3		Fair Value
Assets measured at fair value on a recurring basis
Securities available for sale
U.S. Government agency obligations	$	—	$	39,760	$	—	$	39,760
Mortgage-backed securities, residential		—		38,016		—		38,016
Asset-backed securities		—		7,959		—		7,959
State and municipal		—		32,065		—		32,065
CLO Securities		—		75,273		—		75,273
Corporate bonds		—		51,583		—		51,583
SBA pooled securities		—		4,164		—		4,164
	$	—	$	248,820	$	—	$	248,820

Equity securities
Mutual fund	$	5,437	$	—	$	—	$	5,437

Loans held for sale	$	—	$	2,735	$	—	$	2,735

Liabilities measured at fair value on a recurring basis
ICC Contingent consideration	$	—	$	—	$	21,622	$	21,622

Reconciliation of Opening Balance to Closing Balance of Fair Value of Contingent Consideration

A reconciliation of the opening balance to the closing balance of the fair value of the contingent consideration is as follows:

	Three Months Ended
(Dollars in thousands)	March 31, 2020		March 31, 2019
Beginning balance	$	21,622	$	20,745
Contingent consideration recognized in business combination		—		—
Change in fair value of contingent consideration recognized in earnings		305		261
Consideration settlement payments		—		—
Ending balance	$	21,927	$	21,006

Fair Value of Assets Measured on Non-recurring Basis

There were no liabilities measured at fair value on a non-recurring basis at March 31, 2020 and December 31, 2019.

(Dollars in thousands)	Fair Value Measurements Using						Total
March 31, 2020	Level 1		Level 2		Level 3		Fair Value
Collateral dependent loans
Commercial real estate	$	—	$	—	$	6,535	$	6,535
Construction, land development, land		—		—		644		644
1-4 family residential		—		—		3		3
Commercial		—		—		5,033		5,033
Factored receivables		—		—		17,300		17,300
Consumer		—		—		132		132
Other real estate owned⁽¹⁾
Commercial real estate		—		—		1,061		1,061
	$	—	$	—	$	30,708	$	30,708

(Dollars in thousands)	Fair Value Measurements Using						Total
December 31, 2019	Level 1		Level 2		Level 3		Fair Value
Impaired loans
Commercial real estate	$	—	$	—	$	534	$	534
Construction, land development, land		—		—		664		664
1-4 family residential		—		—		2		2
Commercial		—		—		4,754		4,754
Factored receivables		—		—		12,762		12,762
Consumer		—		—		8		8
PCI		—		—		67		67
Other real estate owned⁽¹⁾
Commercial real estate		—		—		388		388
1-4 family residential		—		—		89		89
	$	—	$	—	$	19,268	$	19,268

⁽¹⁾ Represents the fair value of OREO that was adjusted during the period and subsequent to its initial classification as OREO

Estimated Fair Value of Company's Financial Assets and Financial Liabilities

The estimated fair values of the Company’s financial instruments not measured at fair value on a recurring or non-recurring basis at March 31, 2020 and December 31, 2019 were as follows:

(Dollars in thousands)	Carrying		Fair Value Measurements Using						Total
March 31, 2020	Amount		Level 1		Level 2		Level 3		Fair Value
Financial assets:
Cash and cash equivalents	$	208,414	$	208,414	$	—	$	—	$	208,414
Securities - held to maturity		8,217		—		—		6,742		6,742
Loans not previously presented, gross		4,290,901		148,022		—		4,047,464		4,195,486
FHLB stock		37,080	N/A		N/A		N/A		N/A
Accrued interest receivable		19,095		19,095		—		—		19,095

Financial liabilities:
Deposits		3,682,015		—		3,693,593		—		3,693,593
Customer repurchase agreements		3,693		—		3,693		—		3,693
Federal Home Loan Bank advances		850,000		—		850,000		—		850,000
Subordinated notes		87,347		—		88,409		—		88,409
Junior subordinated debentures		39,689		—		39,935		—		39,935
Accrued interest payable		9,230		9,230		—		—		9,230

(Dollars in thousands)	Carrying		Fair Value Measurements Using						Total
December 31, 2019	Amount		Level 1		Level 2		Level 3		Fair Value
Financial assets:
Cash and cash equivalents	$	197,880	$	197,880	$	—	$	—	$	197,880
Securities - held to maturity		8,417		—		—		6,907		6,907
Loans not previously presented, gross		4,170,604		83,454		—		4,086,597		4,170,051
FHLB and other restricted stock		19,860	N/A		N/A		N/A		N/A
Accrued interest receivable		20,322		20,322		—		—		20,322

Financial liabilities:
Deposits		3,789,906		—		3,793,603		—		3,793,603
Customer repurchase agreements		2,033		—		2,033		—		2,033
Federal Home Loan Bank advances		430,000		—		430,000		—		430,000
Subordinated notes		87,327		—		93,877		—		93,877
Junior subordinated debentures		39,566		—		40,700		—		40,700
Accrued interest payable		9,367		9,367		—		—		9,367

Regulatory Matters (Tables)

3 Months Ended

Mar. 31, 2020

Regulatory Capital Requirements [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.

								To Be Well
								Capitalized Under
				Minimum for Capital				Prompt Corrective
(Dollars in thousands)	Actual			Adequacy Purposes				Action Provisions
As of March 31, 2020	Amount		Ratio	Amount		Ratio		Amount		Ratio
Total capital (to risk weighted assets)
Triumph Bancorp, Inc.	$	585,157	11.6%	$	403,557		8.0%	N/A		N/A
TBK Bank, SSB	$	557,478	11.3%	$	394,675		8.0%	$	493,343		10.0%

Tier 1 capital (to risk weighted assets)
Triumph Bancorp, Inc.	$	454,349	9.0%	$	302,899		6.0%	N/A		N/A
TBK Bank, SSB	$	514,024	10.4%	$	296,552		6.0%	$	395,403		8.0%

Common equity Tier 1 capital (to risk weighted assets)
Triumph Bancorp, Inc.	$	414,660	8.2%	$	227,557		4.5%	N/A		N/A
TBK Bank, SSB	$	514,024	10.4%	$	222,414		4.5%	$	321,265		6.5%

Tier 1 capital (to average assets)
Triumph Bancorp, Inc.	$	454,349	9.6%	$	189,312		4.0%	N/A		N/A
TBK Bank, SSB	$	514,024	10.9%	$	188,633		4.0%	$	235,791		5.0%

As of December 31, 2019
Total capital (to risk weighted assets)
Triumph Bancorp, Inc.	$	604,832	12.8%	$	378,020		8.0%	N/A		N/A
TBK Bank, SSB	$	555,213	12.0%	$	370,142		8.0%	$	462,678		10.0%

Tier 1 capital (to risk weighted assets)
Triumph Bancorp, Inc.	$	487,775	10.3%	$	284,141		6.0%	N/A		N/A
TBK Bank, SSB	$	525,490	11.4%	$	276,574		6.0%	$	368,765		8.0%

Common equity Tier 1 capital (to risk weighted assets)
Triumph Bancorp, Inc.	$	448,209	9.5%	$	212,310		4.5%	N/A		N/A
TBK Bank, SSB	$	525,490	11.4%	$	207,430		4.5%	$	299,621		6.5%

Tier 1 capital (to average assets)
Triumph Bancorp, Inc.	$	487,775	10.0%	$	195,110		4.0%	N/A		N/A
TBK Bank, SSB	$	525,490	10.9%	$	192,840		4.0%	$	241,050		5.0%

Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2020

Equity [Abstract]

Summary of Capital Structure

The following summarizes the capital structure of Triumph Bancorp, Inc.

Common Stock

	March 31, 2020			December 31, 2019
Shares authorized		50,000,000			50,000,000
Shares issued		27,171,721			27,163,642
Treasury shares		(3,070,601	)		(2,198,681	)
Shares outstanding		24,101,120			24,964,961
Par value per share	$	0.01		$	0.01

Stock Based Compensation (Tables)

3 Months Ended

Mar. 31, 2020

Summary of Changes in Company's Nonvested Restricted Stock Awards

A summary of changes in the Company’s nonvested Restricted Stock Awards (“RSAs”) under the Omnibus Incentive Plan for the three months ended March 31, 2020 were as follows:

				Weighted-Average
				Grant-Date
Nonvested RSAs	Shares			Fair Value
Nonvested at January 1, 2020		148,349		$	31.86
Granted		8,079			39.65
Vested		(8,079	)		39.65
Forfeited		(601	)		36.08
Nonvested at March 31, 2020		147,748		$	31.84

Summary of Changes in Company's Nonvested Restricted Stock Units

A summary of changes in the Company’s nonvested Restricted Stock Units (“RSUs”) under the Omnibus Incentive Plan for the three months ended March 31, 2020 were as follows:

			Weighted Average
			Grant Date
Nonvested RSUs	Shares		Fair Value
Nonvested at January 1, 2020		55,228	$	38.75
Granted		—		—
Vested		—		—
Forfeited		—		—
Nonvested at March 31, 2020		55,228	$	38.75

Summary of Changes in Company's Stock Options

A summary of changes in the Company’s stock options under the Omnibus Incentive Plan for the three months ended March 31, 2020 were as follows:

					Weighted-Average
					Remaining		Aggregate
			Weighted-Average		Contractual Term		Intrinsic Value
Stock Options	Shares		Exercise Price		(In Years)		(In Thousands)
Outstanding at January 1, 2020		225,055	$	24.10
Granted		—		—
Exercised		—		—
Forfeited or expired		—		—
Outstanding at March 31, 2020		225,055	$	24.10		6.92	$	1,119

Fully vested shares and shares expected to vest at March 31, 2020		225,055	$	24.10		6.92	$	1,119

Shares exercisable at March 31, 2020		118,537	$	20.20		6.42	$	836

Market Based Performance Stock Units (Market Based PSUs)

Summary of Changes in Company's Nonvested Performance Stock Units

			Weighted Average
			Grant Date
Nonvested PSUs	Shares		Fair Value
Nonvested at January 1, 2020		67,707	$	37.71
Granted		—		—
Vested		—		—
Forfeited		—		—
Nonvested at March 31, 2020		67,707	$	37.71

Performance Based Performance Stock Units (Performance Based PSUs)

Summary of Changes in Company's Nonvested Performance Stock Units

			Weighted Average
			Grant Date
Nonvested Performance Based PSUs	Shares		Fair Value
Nonvested at January 1, 2020		254,000	$	38.02
Granted		—		—
Vested		—		—
Forfeited		—		—
Nonvested at March 31, 2020		254,000	$	38.02

Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Factors Used in Computation of Earnings Per Share

The factors used in the earnings per share computation follow:

	Three Months Ended March 31,
(Dollars in thousands)	2020			2019
Basic
Net income (loss) to common stockholders	$	(4,450	)	$	14,788
Weighted average common shares outstanding		24,314,329			26,679,724
Basic earnings (loss) per common share	$	(0.18	)	$	0.55
Diluted
Net income (loss) to common stockholders	$	(4,450	)	$	14,788
Weighted average common shares outstanding		24,314,329			26,679,724
Dilutive effects of:
Assumed exercises of stock options		—			64,166
Restricted stock awards		—			49,795
Restricted stock units		—			—
Performance stock units - market based		—			—
Performance stock units - performance based		—			—
Average shares and dilutive potential common shares		24,314,329			26,793,685
Diluted earnings (loss) per common share	$	(0.18	)	$	0.55

Schedule of Shares not Considered in Computing Diluted Earnings per Common Share

Shares that were not considered in computing diluted earnings per common share because they were antidilutive are as follows:

	Three Months Ended March 31,
	2020		2019
Stock options		225,055		50,752
Restricted stock awards		147,748		13,290
Restricted stock units		55,228		58,400
Performance stock units - market based		67,707		58,400
Performance stock units - performance based		254,000		—

Business Segment Information (Tables)

3 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

(Dollars in thousands)
Three Months Ended March 31, 2020	Banking			Factoring			Corporate			Consolidated
Total interest income	$	51,666		$	23,497		$	251		$	75,414
Intersegment interest allocations		3,074			(3,074	)		—			—
Total interest expense		10,921			—			1,993			12,914
Net interest income (expense)		43,819			20,423			(1,742	)		62,500
Credit loss expense		15,818			1,544			(1	)		17,361
Net interest income after credit loss expense		28,001			18,879			(1,741	)		45,139
Noninterest income		6,280			1,296			(99	)		7,477
Noninterest expense		44,572			12,063			1,055			57,690
Operating income (loss)	$	(10,291	)	$	8,112		$	(2,895	)	$	(5,074	)

(Dollars in thousands)
Three Months Ended March 31, 2019	Banking		Factoring			Corporate			Consolidated
Total interest income	$	49,121	$	23,803		$	340		$	73,264
Intersegment interest allocations		2,638		(2,638	)		—			—
Total interest expense		10,354		—			1,599			11,953
Net interest income (expense)		41,405		21,165			(1,259	)		61,311
Credit loss expense		954		136			(76	)		1,014
Net interest income after credit loss expense		40,451		21,029			(1,183	)		60,297
Noninterest income		6,297		1,077			164			7,538
Noninterest expense		34,385		13,295			886			48,566
Operating income (loss)	$	12,363	$	8,811		$	(1,905	)	$	19,269

(Dollars in thousands)
March 31, 2020	Banking		Factoring		Corporate		Eliminations			Consolidated
Total assets	$	5,276,926	$	714,006	$	723,327	$	(1,360,530	)	$	5,353,729
Gross loans held for investment	$	4,227,563	$	641,366	$	800	$	(549,181	)	$	4,320,548

(Dollars in thousands)
December 31, 2019	Banking		Factoring		Corporate		Eliminations			Consolidated
Total assets	$	4,976,009	$	662,002	$	771,048	$	(1,348,762	)	$	5,060,297
Gross loans held for investment	$	4,108,735	$	573,372	$	1,519	$	(489,114	)	$	4,194,512

Summary of Significant Accounting Policies - Additional Information (Details)		3 Months Ended
	Jan. 01, 2020 USD ($)	Mar. 31, 2020 USD ($) Segments	Mar. 31, 2019 USD ($)	Apr. 17, 2020 USD ($)	Apr. 15, 2020 USD ($)	Dec. 31, 2019 USD ($)
Summary Of Significant Accounting Policies [Line Items]
Number of reportable segments \| Segments		3
Legislative package		$ 2,000,000,000,000
Deferral on outstanding loan balance					$ 233,000,000
Additional deferral on outstanding loan balance					$ 276,000,000
Held to maturity in subordinated notes		8,343,000
Debt securities accrued interest reversed		$ 0	$ 0
Number of days within which accrual of interest income discontinues		90 days
Period of consumer loans charged off		120 days
Interest income is not recognized until loan balance reduced amount		$ 0
Useful life of assets		60 months
Change in national retail sales forecast period		1 year
Change in national home price index forecast period		1 year
Change in national gross domestic product forecast period		1 year
Economic projections forecast period		12 months
ASU 2016-13
Summary Of Significant Accounting Policies [Line Items]
Net reduction of retained earnings	$ 1,771,000	$ 1,771,000
Increase in the allowance for credit losses on loans	269,000	269,000
Increase in the allowance for credit losses on held to maturity debt securities	126,000
Increase in the allowance for credit losses on off-balance sheet credit exposures	1,918,000
Increases in deferred tax assets	$ 542,000
CLO Securities
Summary Of Significant Accounting Policies [Line Items]
Held to maturity in subordinated notes		$ 8,343,000				$ 8,417,000
Paycheck Protection Program
Summary Of Significant Accounting Policies [Line Items]
Payment protection plan loan term		2 years
Payment protection plan loan interest rate		1.00%
Payment protection plan loans closed or approved amount				$ 158,000,000
Minimum
Summary Of Significant Accounting Policies [Line Items]
Financing receivable payment deferral term		60 days
Number of days within which debt security placed on nonaccrual		90 days
Maximum
Summary Of Significant Accounting Policies [Line Items]
Financing receivable payment deferral term		90 days

Business Divestitures - Additional Information (Details)	Apr. 20, 2020
Triumph Premium Finance \| Subsequent Event
Business Acquisition [Line Items]
Disposal of group agreement date	Apr. 20, 2020

Business Divestitures - Summary of Assets Held for Sale (Details) $ in Thousands	Mar. 31, 2020 USD ($)
Business Acquisition [Line Items]
Total carrying amount	$ 97,895
Triumph Premium Finance
Business Acquisition [Line Items]
Loans	97,839
Premises and equipment, net	53
Other assets	3
Total carrying amount	$ 97,895

Securities - Additional Information (Details)	3 Months Ended	12 Months Ended
Securities - Additional Information (Details)	Mar. 31, 2020 USD ($) securities	Dec. 31, 2019 USD ($)
Schedule Of Equity And Debt Securities [Line Items]
Equity securities, Fair Value	$ 5,678,000	$ 5,437,000
Pledged debt securities, at carrying value	$ 49,205,000	48,237,000
Number of securities in an unrealized loss position \| securities	97
Held to maturities past due	$ 0
Held to maturities nonaccrual	$ 0
CLO Securities
Schedule Of Equity And Debt Securities [Line Items]
Number of securities in an unrealized loss position \| securities	17
Other Assets
Schedule Of Equity And Debt Securities [Line Items]
Accrued interest on available for sale securities	$ 2,129,000	1,685,000
Mutual Fund
Schedule Of Equity And Debt Securities [Line Items]
Equity securities, Fair Value	$ 5,678,000	$ 5,437,000

Securities - Schedule of Gross Realized and Unrealized Losses Recognized on Equity Securities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Investments Debt And Equity Securities [Abstract]
Unrealized gains (losses) on equity securities still held at the reporting date	$ 241	$ 139
Gross realized and unrealized losses recognized on equity securities	$ 241	$ 139

Securities - Schedule of Amortized Cost of Securities and Their Estimated Fair Values (Details) - USD ($)	Mar. 31, 2020	Dec. 31, 2019
Available for sale securities:
Available for sale securities, Amortized Cost	$ 309,307,000	$ 247,381,000
Available for sale securities, Gross Unrealized Gains	2,873,000	1,957,000
Available for sale securities, Gross Unrealized Losses	(10,058,000)	(518,000)
Available for sale securities, Fair Value	302,122,000	248,820,000
Held to maturity securities:
Held to maturity securities, Amortized Cost	8,343,000
Held to maturity securities, Fair Value	6,742,000	6,907,000
Held to maturity securities, Allowance for Credit Losses	(126,000)	0
Total held to maturity securities, net of ACL	8,217,000	8,417,000
U.S. Government Agency Obligations
Available for sale securities:
Available for sale securities, Amortized Cost	28,715,000	39,679,000
Available for sale securities, Gross Unrealized Gains	341,000	115,000
Available for sale securities, Gross Unrealized Losses		(34,000)
Available for sale securities, Fair Value	29,056,000	39,760,000
Mortgage-backed Securities, Residential
Available for sale securities:
Available for sale securities, Amortized Cost	34,803,000	37,324,000
Available for sale securities, Gross Unrealized Gains	1,218,000	728,000
Available for sale securities, Gross Unrealized Losses	(42,000)	(36,000)
Available for sale securities, Fair Value	35,979,000	38,016,000
Asset Backed Securities
Available for sale securities:
Available for sale securities, Amortized Cost	7,688,000	8,039,000
Available for sale securities, Gross Unrealized Losses	(145,000)	(80,000)
Available for sale securities, Fair Value	7,543,000	7,959,000
State and Municipal
Available for sale securities:
Available for sale securities, Amortized Cost	51,858,000	31,746,000
Available for sale securities, Gross Unrealized Gains	1,011,000	327,000
Available for sale securities, Gross Unrealized Losses	(6,000)	(8,000)
Available for sale securities, Fair Value	52,863,000	32,065,000
Corporate Bonds
Available for sale securities:
Available for sale securities, Amortized Cost	46,386,000	50,889,000
Available for sale securities, Gross Unrealized Gains	226,000	695,000
Available for sale securities, Gross Unrealized Losses	(216,000)	(1,000)
Available for sale securities, Fair Value	46,396,000	51,583,000
CLO Securities
Available for sale securities:
Available for sale securities, Amortized Cost	136,007,000	75,592,000
Available for sale securities, Gross Unrealized Gains		39,000
Available for sale securities, Gross Unrealized Losses	(9,623,000)	(358,000)
Available for sale securities, Fair Value	126,384,000	75,273,000
Held to maturity securities:
Held to maturity securities, Amortized Cost	8,343,000	8,417,000
Held to maturity securities, Gross Unrealized Losses	(1,601,000)	(1,510,000)
Held to maturity securities, Fair Value	6,742,000	6,907,000
Held to maturity securities, Allowance for Credit Losses	(126,000)
SBA Pooled Securities
Available for sale securities:
Available for sale securities, Amortized Cost	3,850,000	4,112,000
Available for sale securities, Gross Unrealized Gains	77,000	53,000
Available for sale securities, Gross Unrealized Losses	(26,000)	(1,000)
Available for sale securities, Fair Value	$ 3,901,000	$ 4,164,000

Securities - Schedule of Amortized Cost and Estimated Fair Value of Debt Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Available for Sale Securities, Amortized Cost
Due in one year or less, Amortized Cost	$ 66,466
Due from one year to five years, Amortized Cost	32,330
Due from five years to ten years, Amortized Cost	29,017
Due after ten years, Amortized Cost	135,153
Available for Sale Securities, with single maturity date, Amortized Cost	262,966
Available for sale securities, Amortized Cost	309,307	$ 247,381
Available for Sale Securities, Fair Value
Due in one year or less, Fair Value	66,604
Due from one year to five years, Fair Value	32,813
Due from five years to ten years, Fair Value	29,110
Due after ten years, Fair Value	126,172
Available for Sale Securities, with single maturity date, Fair Value	254,699
Available for Sale Securities, Fair Value	302,122	248,820
Held to Maturity Securities, Amortized Cost
Due from five years to ten years, Amortized Cost	8,343
Held to Maturity Securities, with single maturity date, Amortized Cost	8,343
Held to maturity securities, Amortized Cost	8,343
Held to Maturity Securities, Fair Value
Due from five years to ten years, Fair Value	6,742
Held to Maturity Securities, with single maturity date, Fair Value	6,742
Held to Maturity Securities, Fair Value	6,742	6,907
Mortgage-backed Securities, Residential
Available for Sale Securities, Amortized Cost
Available for Sale Securities, without single maturity date, Amortized Cost	34,803
Available for sale securities, Amortized Cost	34,803	37,324
Available for Sale Securities, Fair Value
Available for Sale Securities, without single maturity date, Fair Value	35,979
Available for Sale Securities, Fair Value	35,979	38,016
Asset Backed Securities
Available for Sale Securities, Amortized Cost
Available for Sale Securities, without single maturity date, Amortized Cost	7,688
Available for sale securities, Amortized Cost	7,688	8,039
Available for Sale Securities, Fair Value
Available for Sale Securities, without single maturity date, Fair Value	7,543
Available for Sale Securities, Fair Value	7,543	7,959
SBA Pooled Securities
Available for Sale Securities, Amortized Cost
Available for Sale Securities, without single maturity date, Amortized Cost	3,850
Available for sale securities, Amortized Cost	3,850	4,112
Available for Sale Securities, Fair Value
Available for Sale Securities, without single maturity date, Fair Value	3,901
Available for Sale Securities, Fair Value	$ 3,901	$ 4,164

Securities - Schedule of Proceeds from Sales of Debt Securities and the Associated Gross Gains and Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Investments Debt And Equity Securities [Abstract]
Proceeds		$ 37,467
Gross gains		119
Gross losses		$ (130)
Net gains and losses from calls of securities	$ 38

Securities - Schedule of Available for Sale Debt Securities in an Unrealized Loss Position (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Schedule Of Available For Sale Securities [Line Items]
Less than 12 Months, Fair Value	$ 94,298	$ 65,611
Less than 12 Months, Unrealized Losses	(9,440)	(423)
12 Months or More, Fair Value	11,805	21,665
12 Months or More, Unrealized Losses	(618)	(95)
Total, Fair Value	106,103	87,276
Total, Unrealized Losses	(10,058)	(518)
Mortgage-backed Securities, Residential
Schedule Of Available For Sale Securities [Line Items]
Less than 12 Months, Fair Value	3,492	3,549
Less than 12 Months, Unrealized Losses	(36)	(29)
12 Months or More, Fair Value	481	777
12 Months or More, Unrealized Losses	(6)	(7)
Total, Fair Value	3,973	4,326
Total, Unrealized Losses	(42)	(36)
Asset Backed Securities
Schedule Of Available For Sale Securities [Line Items]
Less than 12 Months, Fair Value	555	2,986
Less than 12 Months, Unrealized Losses	(3)	(36)
12 Months or More, Fair Value	6,988	4,973
12 Months or More, Unrealized Losses	(142)	(44)
Total, Fair Value	7,543	7,959
Total, Unrealized Losses	(145)	(80)
State and Municipal
Schedule Of Available For Sale Securities [Line Items]
Less than 12 Months, Fair Value	1,395	562
Less than 12 Months, Unrealized Losses	(1)
12 Months or More, Fair Value	1,898	3,426
12 Months or More, Unrealized Losses	(5)	(8)
Total, Fair Value	3,293	3,988
Total, Unrealized Losses	(6)	(8)
Corporate Bonds
Schedule Of Available For Sale Securities [Line Items]
Less than 12 Months, Fair Value	17,680
Less than 12 Months, Unrealized Losses	(215)
12 Months or More, Fair Value	149	149
12 Months or More, Unrealized Losses	(1)	(1)
Total, Fair Value	17,829	149
Total, Unrealized Losses	(216)	(1)
CLO Securities
Schedule Of Available For Sale Securities [Line Items]
Less than 12 Months, Fair Value	70,039	58,160
Less than 12 Months, Unrealized Losses	(9,159)	(358)
12 Months or More, Fair Value	2,281
12 Months or More, Unrealized Losses	(464)
Total, Fair Value	72,320	58,160
Total, Unrealized Losses	(9,623)	(358)
SBA Pooled Securities
Schedule Of Available For Sale Securities [Line Items]
Less than 12 Months, Fair Value	1,137	354
Less than 12 Months, Unrealized Losses	(26)
12 Months or More, Fair Value	8	9
12 Months or More, Unrealized Losses		(1)
Total, Fair Value	1,145	363
Total, Unrealized Losses	$ (26)	(1)
U.S. Government Agency Obligations
Schedule Of Available For Sale Securities [Line Items]
12 Months or More, Fair Value		12,331
12 Months or More, Unrealized Losses		(34)
Total, Fair Value		12,331
Total, Unrealized Losses		$ (34)

Securities - Summary of Activity in Allowance for Credit Losses for Held To Maturity Debt Securities (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2020 USD ($)
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for credit losses beginning balance	$ 0
Allowance for credit losses ending balance	126
CLO Securities
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for credit losses ending balance	126
CLO Securities \| ASU 2016-13
Financing Receivable Allowance For Credit Losses [Line Items]
Impact of adopting ASC 326	$ 126

Loans and Allowance for Credit Losses - Schedule of Loans Held for Sale (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Accounts Notes And Loans Receivable [Line Items]
Total loans held for sale	$ 4,431	$ 2,735
1-4 family residential
Accounts Notes And Loans Receivable [Line Items]
Total loans held for sale	4,180	$ 2,735
Commercial Loans
Accounts Notes And Loans Receivable [Line Items]
Total loans held for sale	$ 251

Loans and Allowance for Credit Losses - Schedule of Amortized Cost and Unpaid Principal for Impaired Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
Accounts Notes And Loans Receivable [Line Items]
Loan, Total	$ 4,320,548	$ 4,194,512
Unpaid Principal	4,334,326	4,209,477
Difference	(13,778)	(14,965)
Allowance for credit losses	(44,732)	(29,092)	$ (27,605)	$ (27,571)
Loans, net	4,275,816	4,165,420
Commercial real estate
Accounts Notes And Loans Receivable [Line Items]
Loan, Total	985,757	1,046,961
Unpaid Principal	990,063	1,051,684
Difference	(4,306)	(4,723)
Allowance for credit losses	(11,753)	(5,353)	(5,186)	(4,493)
Construction, land development, land
Accounts Notes And Loans Receivable [Line Items]
Loan, Total	198,050	160,569
Unpaid Principal	199,638	162,335
Difference	(1,588)	(1,766)
Allowance for credit losses	(3,179)	(1,382)	(906)	(1,134)
1-4 family residential
Accounts Notes And Loans Receivable [Line Items]
Loan, Total	169,703	179,425
Unpaid Principal	170,506	180,340
Difference	(803)	(915)
Allowance for credit losses	(1,087)	(308)	(367)	(317)
Farmland
Accounts Notes And Loans Receivable [Line Items]
Loan, Total	133,579	154,975
Unpaid Principal	134,507	156,995
Difference	(928)	(2,020)
Allowance for credit losses	(1,021)	(670)	(578)	(535)
Commercial Loans
Accounts Notes And Loans Receivable [Line Items]
Loan, Total	1,412,822	1,342,683
Unpaid Principal	1,416,913	1,346,444
Difference	(4,091)	(3,761)
Allowance for credit losses	(20,145)	(12,566)	(12,212)	(12,865)
Factored receivables
Accounts Notes And Loans Receivable [Line Items]
Loan, Total	661,100	619,986
Unpaid Principal	663,105	621,697
Difference	(2,005)	(1,711)
Allowance for credit losses	(6,134)	(7,657)	(7,495)	(7,299)
Consumer
Accounts Notes And Loans Receivable [Line Items]
Loan, Total	20,326	21,925
Unpaid Principal	20,383	21,994
Difference	(57)	(69)
Allowance for credit losses	(674)	(488)	(555)	(615)
Mortgage warehouse
Accounts Notes And Loans Receivable [Line Items]
Loan, Total	739,211	667,988
Unpaid Principal	739,211	667,988
Allowance for credit losses	$ (739)	$ (668)	$ (306)	$ (313)

Loans and Allowance for Credit Losses - Additional Information (Details)	3 Months Ended
	Mar. 31, 2020 USD ($) loan	Mar. 31, 2019 USD ($) loan	Dec. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)
Accounts Notes And Loans Receivable [Line Items]
Premiums and discounts on acquired loans	$ 13,419,000		$ 13,573,000
Net deferred origination and factoring fees	359,000		1,392,000
Accrued interest on loans	16,957,000		18,553,000
Pledged loans	1,282,907,000		1,301,851,000
Loans transferred to loans held for sale	30,938,000	$ 0
Proceeds from loans transferred to loans held for sale	31,296,000
Gain on transfer of loans to loans held for sale	594,000
Interest earned on nonaccrual loans	0	0
Recorded investments in troubled debt restructurings	17,361,000		5,221,000
Allowance for loan and lease losses	$ 44,732,000	$ 27,605,000	29,092,000	$ 27,571,000
Number of defaults on modified loans \| loan	3	7
Recorded investments in troubled debt restructurings	$ 610,000	$ 688,000
Troubled Debt Restructuring
Accounts Notes And Loans Receivable [Line Items]
Allowance for loan and lease losses	1,302,000		718,000
Changes in Allowance for Credit Losses
Accounts Notes And Loans Receivable [Line Items]
Allowance for credit losses change due to loss drivers	10,500,000
Change in allowance for credit losses due to net charge-offs	1,500,000
Allowance for credit losses on charged off loans	700,000
Change in allowance for credit losses due to net new specific reserves	3,000,000
Other non interest income
Accounts Notes And Loans Receivable [Line Items]
Gain on transfer of loans to loans held for sale	594,000
Factored receivables
Accounts Notes And Loans Receivable [Line Items]
Customer reserves	55,549,000		66,754,000
Allowance for loan and lease losses	6,134,000	7,495,000	7,657,000	7,299,000
1-4 family residential
Accounts Notes And Loans Receivable [Line Items]
Allowance for loan and lease losses	1,087,000	$ 367,000	308,000	$ 317,000
1-4 family residential \| Real Eatate Loans
Accounts Notes And Loans Receivable [Line Items]
Residential real estate loans in process of foreclosure	$ 177,000		$ 87,000

Loans and Allowance for Credit Losses - Summary of Allowance for Loan and Lease Losses (Details) - USD ($) $ in Thousands		3 Months Ended
	Jan. 01, 2020	Mar. 31, 2020	Mar. 31, 2019
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	$ 29,092	$ 29,092	$ 27,571
Credit Loss Expense		17,361	1,014
Charge-offs		(1,925)	(1,181)
Recoveries		384	201
Reclassification To Held for Sale		(449)
Ending Balance		44,732	27,605
ASU 2016-13
Allowance for Loan and Lease Losses [Roll Forward]
Impact of Adopting ASC 326	269	269
Commercial real estate
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	5,353	5,353	4,493
Credit Loss Expense		5,027	692
Recoveries		1	1
Ending Balance		11,753	5,186
Commercial real estate \| ASU 2016-13
Allowance for Loan and Lease Losses [Roll Forward]
Impact of Adopting ASC 326		1,372
Construction, land development, land
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	1,382	1,382	1,134
Credit Loss Expense		1,983	(235)
Charge-offs			(78)
Recoveries		1	85
Ending Balance		3,179	906
Construction, land development, land \| ASU 2016-13
Allowance for Loan and Lease Losses [Roll Forward]
Impact of Adopting ASC 326		(187)
1-4 family residential
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	308	308	317
Credit Loss Expense		259	39
Charge-offs		(21)	(36)
Recoveries		28	47
Ending Balance		1,087	367
1-4 family residential \| ASU 2016-13
Allowance for Loan and Lease Losses [Roll Forward]
Impact of Adopting ASC 326		513
Farmland
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	670	670	535
Credit Loss Expense		(86)	43
Ending Balance		1,021	578
Farmland \| ASU 2016-13
Allowance for Loan and Lease Losses [Roll Forward]
Impact of Adopting ASC 326		437
Commercial Loans
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	12,566	12,566	12,865
Credit Loss Expense		8,233	120
Charge-offs		(306)	(780)
Recoveries		285	7
Reclassification To Held for Sale		(449)
Ending Balance		20,145	12,212
Commercial Loans \| ASU 2016-13
Allowance for Loan and Lease Losses [Roll Forward]
Impact of Adopting ASC 326		(184)
Factored receivables
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	7,657	7,657	7,299
Credit Loss Expense		1,463	189
Charge-offs		(1,394)	(9)
Recoveries		38	16
Ending Balance		6,134	7,495
Factored receivables \| ASU 2016-13
Allowance for Loan and Lease Losses [Roll Forward]
Impact of Adopting ASC 326		(1,630)
Consumer
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	488	488	615
Credit Loss Expense		411	173
Charge-offs		(204)	(278)
Recoveries		31	45
Ending Balance		674	555
Consumer \| ASU 2016-13
Allowance for Loan and Lease Losses [Roll Forward]
Impact of Adopting ASC 326		(52)
Mortgage warehouse
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	$ 668	668	313
Credit Loss Expense		71	(7)
Ending Balance		$ 739	$ 306

Loans and Allowance for Credit Losses - Summary of Amortized Cost Basis of Collateral Dependent Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
Financing Receivable Allowance For Credit Losses [Line Items]
ACL Allocation	$ 44,732	$ 29,092	$ 27,605	$ 27,571
Commercial real estate
Financing Receivable Allowance For Credit Losses [Line Items]
ACL Allocation	11,753	5,353	5,186	4,493
Construction, land development, land
Financing Receivable Allowance For Credit Losses [Line Items]
ACL Allocation	3,179	1,382	906	1,134
1-4 family residential
Financing Receivable Allowance For Credit Losses [Line Items]
ACL Allocation	1,087	308	367	317
Farmland
Financing Receivable Allowance For Credit Losses [Line Items]
ACL Allocation	1,021	670	578	535
Commercial Loans
Financing Receivable Allowance For Credit Losses [Line Items]
ACL Allocation	20,145	12,566	12,212	12,865
Factored receivables
Financing Receivable Allowance For Credit Losses [Line Items]
ACL Allocation	6,134	7,657	7,495	7,299
Consumer
Financing Receivable Allowance For Credit Losses [Line Items]
ACL Allocation	674	488	555	615
Mortgage warehouse
Financing Receivable Allowance For Credit Losses [Line Items]
ACL Allocation	739	$ 668	$ 306	$ 313
Collateral Dependent Loans
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	71,433
ACL Allocation	7,440
Collateral Dependent Loans \| Real Estate
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	33,824
Collateral Dependent Loans \| Accounts Receivable
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	24,448
Collateral Dependent Loans \| Equipment
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	7,887
Collateral Dependent Loans \| Other
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	5,274
Collateral Dependent Loans \| Commercial real estate
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	17,443
ACL Allocation	948
Collateral Dependent Loans \| Commercial real estate \| Real Estate
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	17,142
Collateral Dependent Loans \| Commercial real estate \| Other
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	301
Collateral Dependent Loans \| Construction, land development, land
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	4,611
ACL Allocation	271
Collateral Dependent Loans \| Construction, land development, land \| Real Estate
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	4,611
Collateral Dependent Loans \| 1-4 family residential
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	2,436
ACL Allocation	24
Collateral Dependent Loans \| 1-4 family residential \| Real Estate
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	2,436
Collateral Dependent Loans \| Farmland
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	5,935
Collateral Dependent Loans \| Farmland \| Real Estate
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	5,778
Collateral Dependent Loans \| Farmland \| Equipment
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	157
Collateral Dependent Loans \| Commercial Loans
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	20,640
ACL Allocation	3,457
Collateral Dependent Loans \| Commercial Loans \| Real Estate
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	3,857
Collateral Dependent Loans \| Commercial Loans \| Accounts Receivable
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	4,471
Collateral Dependent Loans \| Commercial Loans \| Equipment
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	7,730
Collateral Dependent Loans \| Commercial Loans \| Other
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	4,582
Collateral Dependent Loans \| Factored receivables
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	19,977
ACL Allocation	2,677
Collateral Dependent Loans \| Factored receivables \| Accounts Receivable
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	19,977
Collateral Dependent Loans \| Consumer
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	391
ACL Allocation	63
Collateral Dependent Loans \| Consumer \| Other
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	$ 391

Loans and Allowance for Credit Losses - Summary of Individual and Collective Allowance for Credit Losses and Loan Balances by Class (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Financing Receivable Allowance For Credit Losses [Line Items]
Loan Evaluation, Individually		$ 49,851
Loan Evaluation, Collectively		4,131,986
Loans	$ 4,320,548	4,194,512
ACL Allocations, Individually		5,113
ACL Allocations, Collectively		23,975
ACL Allocations, Total ACL		29,092
Purchased Credit Impaired Loans
Financing Receivable Allowance For Credit Losses [Line Items]
Loans		12,675
ACL Allocations, PCI		4
Commercial real estate
Financing Receivable Allowance For Credit Losses [Line Items]
Loan Evaluation, Individually		7,455
Loan Evaluation, Collectively		1,030,439
Loans	985,757	1,046,961
ACL Allocations, Individually		344
ACL Allocations, Collectively		5,009
ACL Allocations, Total ACL		5,353
Commercial real estate \| Purchased Credit Impaired Loans
Financing Receivable Allowance For Credit Losses [Line Items]
Loans		9,067
Construction, land development, land
Financing Receivable Allowance For Credit Losses [Line Items]
Loan Evaluation, Individually		2,138
Loan Evaluation, Collectively		155,985
Loans	198,050	160,569
ACL Allocations, Individually		271
ACL Allocations, Collectively		1,111
ACL Allocations, Total ACL		1,382
Construction, land development, land \| Purchased Credit Impaired Loans
Financing Receivable Allowance For Credit Losses [Line Items]
Loans		2,446
1-4 family residential
Financing Receivable Allowance For Credit Losses [Line Items]
Loan Evaluation, Individually		1,728
Loan Evaluation, Collectively		177,189
Loans	169,703	179,425
ACL Allocations, Individually		33
ACL Allocations, Collectively		275
ACL Allocations, Total ACL		308
1-4 family residential \| Purchased Credit Impaired Loans
Financing Receivable Allowance For Credit Losses [Line Items]
Loans		508
Farmland
Financing Receivable Allowance For Credit Losses [Line Items]
Loan Evaluation, Individually		6,638
Loan Evaluation, Collectively		148,233
Loans	133,579	154,975
ACL Allocations, Collectively		670
ACL Allocations, Total ACL		670
Farmland \| Purchased Credit Impaired Loans
Financing Receivable Allowance For Credit Losses [Line Items]
Loans		104
Commercial Loans
Financing Receivable Allowance For Credit Losses [Line Items]
Loan Evaluation, Individually		15,618
Loan Evaluation, Collectively		1,326,515
Loans	1,412,822	1,342,683
ACL Allocations, Individually		1,278
ACL Allocations, Collectively		11,284
ACL Allocations, Total ACL		12,566
Commercial Loans \| Purchased Credit Impaired Loans
Financing Receivable Allowance For Credit Losses [Line Items]
Loans		550
ACL Allocations, PCI		4
Factored receivables
Financing Receivable Allowance For Credit Losses [Line Items]
Loan Evaluation, Individually		15,947
Loan Evaluation, Collectively		604,039
Loans	661,100	619,986
ACL Allocations, Individually		3,178
ACL Allocations, Collectively		4,479
ACL Allocations, Total ACL		7,657
Consumer
Financing Receivable Allowance For Credit Losses [Line Items]
Loan Evaluation, Individually		327
Loan Evaluation, Collectively		21,598
Loans	20,326	21,925
ACL Allocations, Individually		9
ACL Allocations, Collectively		479
ACL Allocations, Total ACL		488
Mortgage warehouse
Financing Receivable Allowance For Credit Losses [Line Items]
Loan Evaluation, Collectively		667,988
Loans	$ 739,211	667,988
ACL Allocations, Collectively		668
ACL Allocations, Total ACL		$ 668

Loans and Allowance for Credit Losses - Summary of Information Pertaining to Impaired Loans (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2019
Financing Receivable Impaired [Line Items]
Amortized cost, With Valuation Allowance		$ 23,908
Unpaid Principal, With Valuation Allowance		23,928
Related Allowance, With Valuation Allowance		5,117
Amortized cost, Without Valuation Allowance		26,014
Unpaid Principal, Without Valuation Allowance		26,635
Average Impaired Loans	$ 39,705
Interest Recognized	98
Purchased Credit Impaired Loans
Financing Receivable Impaired [Line Items]
Amortized cost, With Valuation Allowance		71
Unpaid Principal, With Valuation Allowance		55
Related Allowance, With Valuation Allowance		4
Average Impaired Loans	71
Commercial real estate
Financing Receivable Impaired [Line Items]
Amortized cost, With Valuation Allowance		878
Unpaid Principal, With Valuation Allowance		907
Related Allowance, With Valuation Allowance		344
Amortized cost, Without Valuation Allowance		6,577
Unpaid Principal, Without Valuation Allowance		6,643
Average Impaired Loans	7,340
Construction, land development, land
Financing Receivable Impaired [Line Items]
Amortized cost, With Valuation Allowance		935
Unpaid Principal, With Valuation Allowance		935
Related Allowance, With Valuation Allowance		271
Amortized cost, Without Valuation Allowance		1,203
Unpaid Principal, Without Valuation Allowance		1,305
Average Impaired Loans	555
1-4 family residential
Financing Receivable Impaired [Line Items]
Amortized cost, With Valuation Allowance		35
Unpaid Principal, With Valuation Allowance		22
Related Allowance, With Valuation Allowance		33
Amortized cost, Without Valuation Allowance		1,693
Unpaid Principal, Without Valuation Allowance		1,799
Average Impaired Loans	1,880
Interest Recognized	1
Farmland
Financing Receivable Impaired [Line Items]
Amortized cost, Without Valuation Allowance		6,638
Unpaid Principal, Without Valuation Allowance		6,819
Average Impaired Loans	6,969
Interest Recognized	45
Commercial Loans
Financing Receivable Impaired [Line Items]
Amortized cost, With Valuation Allowance		6,032
Unpaid Principal, With Valuation Allowance		6,053
Related Allowance, With Valuation Allowance		1,278
Amortized cost, Without Valuation Allowance		9,586
Unpaid Principal, Without Valuation Allowance		9,751
Average Impaired Loans	14,975
Interest Recognized	52
Factored receivables
Financing Receivable Impaired [Line Items]
Amortized cost, With Valuation Allowance		15,940
Unpaid Principal, With Valuation Allowance		15,940
Related Allowance, With Valuation Allowance		3,178
Amortized cost, Without Valuation Allowance		7
Unpaid Principal, Without Valuation Allowance		7
Average Impaired Loans	7,539
Consumer
Financing Receivable Impaired [Line Items]
Amortized cost, With Valuation Allowance		17
Unpaid Principal, With Valuation Allowance		16
Related Allowance, With Valuation Allowance		9
Amortized cost, Without Valuation Allowance		310
Unpaid Principal, Without Valuation Allowance		$ 311
Average Impaired Loans	$ 376

Loans and Allowance for Credit Losses - Summary of Contractually Past Due and Nonaccrual Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	$ 85,990	$ 72,859
Current	4,234,558	4,121,653
Total	4,320,548	4,194,512
Past Due 90 Days or More and Accruing	7,766	5,369
Past Due 30-59 Days
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	40,537	39,055
Past Due 60-90 Days
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	19,675	14,790
Past Due 90 Days or More
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	25,778	19,014
Commercial real estate
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	5,435	4,839
Current	980,322	1,042,122
Total	985,757	1,046,961
Commercial real estate \| Past Due 30-59 Days
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	1,172	1,752
Commercial real estate \| Past Due 60-90 Days
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	540	1,328
Commercial real estate \| Past Due 90 Days or More
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	3,723	1,759
Construction, land development, land
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	3,110	2,988
Current	194,940	157,581
Total	198,050	160,569
Construction, land development, land \| Past Due 30-59 Days
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	1,927	1,785
Construction, land development, land \| Past Due 60-90 Days
Accounts Notes And Loans Receivable [Line Items]
Total Past Due		842
Construction, land development, land \| Past Due 90 Days or More
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	1,183	361
1-4 family residential
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	3,203	2,673
Current	166,500	176,752
Total	169,703	179,425
Past Due 90 Days or More and Accruing	200	286
1-4 family residential \| Past Due 30-59 Days
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	1,614	1,396
1-4 family residential \| Past Due 60-90 Days
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	578	723
1-4 family residential \| Past Due 90 Days or More
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	1,011	554
Farmland
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	2,936	2,560
Current	130,643	152,415
Total	133,579	154,975
Farmland \| Past Due 30-59 Days
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	871	52
Farmland \| Past Due 60-90 Days
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	310	132
Farmland \| Past Due 90 Days or More
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	1,755	2,376
Commercial Loans
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	25,519	18,153
Current	1,387,303	1,324,530
Total	1,412,822	1,342,683
Past Due 90 Days or More and Accruing	717	808
Commercial Loans \| Past Due 30-59 Days
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	5,867	4,444
Commercial Loans \| Past Due 60-90 Days
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	8,659	4,154
Commercial Loans \| Past Due 90 Days or More
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	10,993	9,555
Factored receivables
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	44,975	40,526
Current	616,125	579,460
Total	661,100	619,986
Past Due 90 Days or More and Accruing	6,849	4,226
Factored receivables \| Past Due 30-59 Days
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	28,678	29,118
Factored receivables \| Past Due 60-90 Days
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	9,448	7,182
Factored receivables \| Past Due 90 Days or More
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	6,849	4,226
Consumer
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	812	1,120
Current	19,514	20,805
Total	20,326	21,925
Past Due 90 Days or More and Accruing		49
Consumer \| Past Due 30-59 Days
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	408	508
Consumer \| Past Due 60-90 Days
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	140	429
Consumer \| Past Due 90 Days or More
Accounts Notes And Loans Receivable [Line Items]
Total Past Due	264	183
Mortgage warehouse
Accounts Notes And Loans Receivable [Line Items]
Current	739,211	667,988
Total	$ 739,211	$ 667,988

Loans and Allowance for Credit Losses - Summary of Amortized Cost Basis of Loans on Nonaccrual Status (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Accounts Notes And Loans Receivable [Line Items]
Nonaccrual	$ 47,129	$ 36,054
Nonaccrual With No ACL	29,885	28,085
Commercial real estate
Accounts Notes And Loans Receivable [Line Items]
Nonaccrual	14,645	7,501
Nonaccrual With No ACL	7,162	6,623
Construction, land development, land
Accounts Notes And Loans Receivable [Line Items]
Nonaccrual	3,819	3,922
Nonaccrual With No ACL	2,904	2,987
1-4 family residential
Accounts Notes And Loans Receivable [Line Items]
Nonaccrual	1,971	1,730
Nonaccrual With No ACL	1,935	1,694
Farmland
Accounts Notes And Loans Receivable [Line Items]
Nonaccrual	5,714	6,494
Nonaccrual With No ACL	5,714	6,494
Commercial Loans
Accounts Notes And Loans Receivable [Line Items]
Nonaccrual	20,589	16,080
Nonaccrual With No ACL	11,974	9,977
Consumer
Accounts Notes And Loans Receivable [Line Items]
Nonaccrual	391	327
Nonaccrual With No ACL	$ 196	$ 310

Loans and Allowance for Credit Losses - Summary of Accrued Interest on Non Accrual Loans Reversed Through Interest Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Financing Receivable Allowance For Credit Losses [Line Items]
Accrued interest reversed through interest income	$ 88	$ 46
Commercial real estate
Financing Receivable Allowance For Credit Losses [Line Items]
Accrued interest reversed through interest income	62	8
Construction, land development, land
Financing Receivable Allowance For Credit Losses [Line Items]
Accrued interest reversed through interest income		9
1-4 family residential
Financing Receivable Allowance For Credit Losses [Line Items]
Accrued interest reversed through interest income	8	2
Farmland
Financing Receivable Allowance For Credit Losses [Line Items]
Accrued interest reversed through interest income		1
Commercial Loans
Financing Receivable Allowance For Credit Losses [Line Items]
Accrued interest reversed through interest income	16	$ 26
Consumer
Financing Receivable Allowance For Credit Losses [Line Items]
Accrued interest reversed through interest income	$ 2

Loans and Allowance for Credit Losses - Schedule of Nonperforming Loans (Details) - USD ($)
$ in Thousands

Mar. 31, 2020

Dec. 31, 2019

Mar. 31, 2019

Accounts Notes And Loans Receivable [Line Items]

Nonaccrual loans

$ 47,129

$ 36,054

Past Due 90 Days or More Still Accruing

7,766

5,369

Factored receivables

Accounts Notes And Loans Receivable [Line Items]

Past Due 90 Days or More Still Accruing

6,849

$ 4,226

Nonperforming Loans

Accounts Notes And Loans Receivable [Line Items]

Nonaccrual loans

^[1]

47,129

$ 36,054

Troubled debt restructurings accruing interest

327

333

Total loans

54,305

40,613

Nonperforming Loans | Factored receivables

Accounts Notes And Loans Receivable [Line Items]

Past Due 90 Days or More Still Accruing

$ 6,849

$ 4,226

[1]

⁽¹⁾

^{Includes troubled debt restructurings of $17,034,000 and $4,888,000 at March 31, 2020 and December 31, 2019, respectively.}

Loans and Allowance for Credit Losses - Schedule of Nonperforming Loans (Parenthetical) (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Accounts Notes And Loans Receivable [Line Items]
Nonaccrual loans	$ 47,129	$ 36,054
Troubled Debt Restructuring
Accounts Notes And Loans Receivable [Line Items]
Nonaccrual loans	$ 17,034	$ 4,888

Loans and Allowance for Credit Losses - Summary of Analysis Performed Risk category Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Accounts Notes And Loans Receivable [Line Items]
2020	$ 1,101,592
2019	678,782
2019	520,677
2017	313,484
2016	151,638
Prior	195,096
Revolving Loans	1,342,032
Revolving Loans Converted To Terms Loans	17,247
Total	4,320,548	$ 4,194,512
Purchased Credit Impaired Loans
Accounts Notes And Loans Receivable [Line Items]
Total		12,675
Pass
Accounts Notes And Loans Receivable [Line Items]
2020	1,078,335
2019	654,980
2019	508,347
2017	307,834
2016	147,747
Prior	189,260
Revolving Loans	1,324,389
Revolving Loans Converted To Terms Loans	17,247
Total	4,228,139	4,115,695
Classified
Accounts Notes And Loans Receivable [Line Items]
2020	23,257
2019	23,802
2019	12,330
2017	5,650
2016	3,891
Prior	5,836
Revolving Loans	17,643
Total	92,409	66,142
Commercial real estate
Accounts Notes And Loans Receivable [Line Items]
2020	172,947
2019	206,579
2019	202,912
2017	185,251
2016	94,005
Prior	111,434
Revolving Loans	9,867
Revolving Loans Converted To Terms Loans	2,762
Total	985,757	1,046,961
Commercial real estate \| Purchased Credit Impaired Loans
Accounts Notes And Loans Receivable [Line Items]
Total		9,067
Commercial real estate \| Pass
Accounts Notes And Loans Receivable [Line Items]
2020	163,579
2019	203,382
2019	202,464
2017	185,099
2016	92,427
Prior	108,488
Revolving Loans	9,867
Revolving Loans Converted To Terms Loans	2,762
Total	968,068	1,030,358
Commercial real estate \| Classified
Accounts Notes And Loans Receivable [Line Items]
2020	9,368
2019	3,197
2019	448
2017	152
2016	1,578
Prior	2,946
Total	17,689	7,536
Construction, land development, land
Accounts Notes And Loans Receivable [Line Items]
2020	69,105
2019	51,002
2019	56,695
2017	12,743
2016	1,541
Prior	3,202
Revolving Loans	3,263
Revolving Loans Converted To Terms Loans	499
Total	198,050	160,569
Construction, land development, land \| Purchased Credit Impaired Loans
Accounts Notes And Loans Receivable [Line Items]
Total		2,446
Construction, land development, land \| Pass
Accounts Notes And Loans Receivable [Line Items]
2020	68,211
2019	48,414
2019	56,695
2017	12,743
2016	1,541
Prior	2,895
Revolving Loans	3,208
Revolving Loans Converted To Terms Loans	499
Total	194,206	155,985
Construction, land development, land \| Classified
Accounts Notes And Loans Receivable [Line Items]
2020	894
2019	2,588
Prior	307
Revolving Loans	55
Total	3,844	2,138
1-4 family residential
Accounts Notes And Loans Receivable [Line Items]
2020	5,250
2019	26,477
2019	27,777
2017	17,353
2016	14,167
Prior	40,110
Revolving Loans	37,160
Revolving Loans Converted To Terms Loans	1,409
Total	169,703	179,425
1-4 family residential \| Purchased Credit Impaired Loans
Accounts Notes And Loans Receivable [Line Items]
Total		508
1-4 family residential \| Pass
Accounts Notes And Loans Receivable [Line Items]
2020	5,076
2019	26,406
2019	27,342
2017	17,323
2016	13,795
Prior	39,262
Revolving Loans	36,985
Revolving Loans Converted To Terms Loans	1,409
Total	167,598	177,177
1-4 family residential \| Classified
Accounts Notes And Loans Receivable [Line Items]
2020	174
2019	71
2019	435
2017	30
2016	372
Prior	848
Revolving Loans	175
Total	2,105	1,740
Farmland
Accounts Notes And Loans Receivable [Line Items]
2020	19,037
2019	24,106
2019	24,745
2017	17,711
2016	18,673
Prior	25,856
Revolving Loans	2,973
Revolving Loans Converted To Terms Loans	478
Total	133,579	154,975
Farmland \| Purchased Credit Impaired Loans
Accounts Notes And Loans Receivable [Line Items]
Total		104
Farmland \| Pass
Accounts Notes And Loans Receivable [Line Items]
2020	16,292
2019	22,822
2019	23,211
2017	16,122
2016	17,630
Prior	24,532
Revolving Loans	2,073
Revolving Loans Converted To Terms Loans	478
Total	123,160	144,777
Farmland \| Classified
Accounts Notes And Loans Receivable [Line Items]
2020	2,745
2019	1,284
2019	1,534
2017	1,589
2016	1,043
Prior	1,324
Revolving Loans	900
Total	10,419	10,094
Commercial Loans
Accounts Notes And Loans Receivable [Line Items]
2020	179,867
2019	358,727
2019	206,047
2017	74,602
2016	19,036
Prior	13,054
Revolving Loans	549,390
Revolving Loans Converted To Terms Loans	12,099
Total	1,412,822	1,342,683
Commercial Loans \| Purchased Credit Impaired Loans
Accounts Notes And Loans Receivable [Line Items]
Total		550
Commercial Loans \| Pass
Accounts Notes And Loans Receivable [Line Items]
2020	179,268
2019	348,914
2019	196,152
2017	70,812
2016	18,368
Prior	12,701
Revolving Loans	532,877
Revolving Loans Converted To Terms Loans	12,099
Total	1,371,191	1,313,042
Commercial Loans \| Classified
Accounts Notes And Loans Receivable [Line Items]
2020	599
2019	9,813
2019	9,895
2017	3,790
2016	668
Prior	353
Revolving Loans	16,513
Total	41,631	29,091
Factored receivables
Accounts Notes And Loans Receivable [Line Items]
2020	654,251
2019	6,849
Total	661,100	619,986
Factored receivables \| Pass
Accounts Notes And Loans Receivable [Line Items]
2020	644,774
Total	644,774	604,774
Factored receivables \| Classified
Accounts Notes And Loans Receivable [Line Items]
2020	9,477
2019	6,849
Total	16,326	15,212
Consumer
Accounts Notes And Loans Receivable [Line Items]
2020	1,135
2019	5,042
2019	2,501
2017	5,824
2016	4,216
Prior	1,440
Revolving Loans	168
Total	20,326	21,925
Consumer \| Pass
Accounts Notes And Loans Receivable [Line Items]
2020	1,135
2019	5,042
2019	2,483
2017	5,735
2016	3,986
Prior	1,382
Revolving Loans	168
Total	19,931	21,594
Consumer \| Classified
Accounts Notes And Loans Receivable [Line Items]
2019	18
2017	89
2016	230
Prior	58
Total	395	331
Mortgage warehouse
Accounts Notes And Loans Receivable [Line Items]
Revolving Loans	739,211
Total	739,211	667,988
Mortgage warehouse \| Pass
Accounts Notes And Loans Receivable [Line Items]
Revolving Loans	739,211
Total	$ 739,211	$ 667,988

Loans and Allowance for Credit Losses - Schedule of Loans Modified as Troubled Debt Restructurings (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2020 USD ($) loan	Mar. 31, 2019 USD ($) loan
Accounts Notes And Loans Receivable [Line Items]
Total Modifications	$ 13,834
Number of Loans \| loan	5
Extended Amortization Period
Accounts Notes And Loans Receivable [Line Items]
Total Modifications	$ 8,041
Payment Deferrals
Accounts Notes And Loans Receivable [Line Items]
Total Modifications	5,793
Construction, land development, land
Accounts Notes And Loans Receivable [Line Items]
Total Modifications	$ 8
Number of Loans \| loan	1
Construction, land development, land \| Extended Amortization Period
Accounts Notes And Loans Receivable [Line Items]
Total Modifications	$ 8
Farmland
Accounts Notes And Loans Receivable [Line Items]
Total Modifications	$ 3,486
Number of Loans \| loan	1
Farmland \| Extended Amortization Period
Accounts Notes And Loans Receivable [Line Items]
Total Modifications	$ 3,486
Commercial Loans
Accounts Notes And Loans Receivable [Line Items]
Total Modifications	$ 10,340	$ 84
Number of Loans \| loan	3	2
Commercial Loans \| Extended Amortization Period
Accounts Notes And Loans Receivable [Line Items]
Total Modifications	$ 4,547
Commercial Loans \| Payment Deferrals
Accounts Notes And Loans Receivable [Line Items]
Total Modifications	$ 5,793	$ 84

Loans and Allowance for Credit Losses - Schedule of Outstanding Contractually Required Principal and Interest and Carrying Amount of PCI Loans Receivable (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Accounts Notes And Loans Receivable [Line Items]
Outstanding contractually required principal and interest		$ 14,692
Loans	$ 4,320,548	4,194,512
Real Estate Loans
Accounts Notes And Loans Receivable [Line Items]
Outstanding contractually required principal and interest		14,015
Commercial Loans
Accounts Notes And Loans Receivable [Line Items]
Outstanding contractually required principal and interest		677
Loans	$ 1,412,822	1,342,683
Purchased Credit Impaired Loans
Accounts Notes And Loans Receivable [Line Items]
Loans		12,675
Purchased Credit Impaired Loans \| Commercial Loans
Accounts Notes And Loans Receivable [Line Items]
Loans		$ 550

Loans and Allowance for Credit Losses - Schedule of Changes in Accretable Yield for the PCI Loans (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019 USD ($)
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward]
Accretable yield, beginning balance	$ 5,711
Accretion	(411)
Disposals	(17)
Accretable yield, ending balance	$ 5,283

Goodwill and Intangible Assets - Schedule of Intangible Assets and Goodwill (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Goodwill And Intangible Assets [Line Items]
Goodwill	$ 158,743	$ 158,743
Finite-Lived Intangible Assets, Gross Carrying Amount	59,278	59,278
Finite-Lived Intangible Assets, Accumulated Amortization	(29,813)	(27,735)
Finite-Lived Intangible Assets, Net Carrying Amount	29,465	31,543
Core Deposit Intangibles
Goodwill And Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross Carrying Amount	43,578	43,578
Finite-Lived Intangible Assets, Accumulated Amortization	(23,591)	(22,258)
Finite-Lived Intangible Assets, Net Carrying Amount	19,987	21,320
Other Intangible Assets
Goodwill And Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross Carrying Amount	15,700	15,700
Finite-Lived Intangible Assets, Accumulated Amortization	(6,222)	(5,477)
Finite-Lived Intangible Assets, Net Carrying Amount	$ 9,478	$ 10,223

Goodwill and Intangible Assets - Schedule of Changes in Goodwill and Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and intangible assets, beginning	$ 190,286	$ 199,417
Amortization of intangibles	(2,078)	(2,402)
Goodwill and intangible assets, ending	$ 188,208	$ 197,015

Variable Interest Entities - Summary of Closed CLO Funds (Details) - Collateralized Loan Obligation Funds - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Jun. 20, 2017	Sep. 22, 2016	Jun. 02, 2016
Trinitas IV
Variable Interest Entity [Line Items]
Offering Amount				$ 406,650
Offering Date	Jun. 02, 2016
Trinitas V
Variable Interest Entity [Line Items]
Offering Amount			$ 409,000
Offering Date	Sep. 22, 2016
Trinitas VI
Variable Interest Entity [Line Items]
Offering Amount		$ 717,100
Offering Date	Jun. 20, 2017

Variable Interest Entities - Additional Information - (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Variable Interest Entity [Line Items]
Held to maturity security	$ 8,217	$ 8,417
Collateralized Loan Obligation Funds
Variable Interest Entity [Line Items]
Held to maturity security	$ 8,217	$ 8,417

Off-Balance Sheet Loan Commitments - Summary of Financial Instruments with Off-Balance Sheet Risk - (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Unused Lines of Credit
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Financial instruments, off balance sheet risk, Fixed Rate	$ 50,742	$ 49,057
Financial instruments, off balance sheet risk, Variable Rate	399,373	444,028
Financial instruments, off balance sheet risk	450,115	493,085
Commitments to Purchase Loans
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Financial instruments, off balance sheet risk, Variable Rate	112,059	22,004
Financial instruments, off balance sheet risk	112,059	22,004
Mortgage Warehouse Commitments
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Financial instruments, off balance sheet risk, Variable Rate	285,789	340,502
Financial instruments, off balance sheet risk	285,789	340,502
Standby Letters of Credit
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Financial instruments, off balance sheet risk, Fixed Rate	3,151	3,017
Financial instruments, off balance sheet risk, Variable Rate	4,120	3,781
Financial instruments, off balance sheet risk	$ 7,271	$ 6,798

Off-Balance Sheet Loan Commitments - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Overdraft protection available amounts	$ 2,600,000		$ 2,639,000
Other Noninterest Expense
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Credit loss expense for off-balance sheet credit exposure	2,937,000	$ 2,000
Other Liabilities
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Allowance for credit losses on off-balance sheet credit exposure	$ 5,492,000		$ 638,000

Fair Value Disclosures - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Securities available for sale
Securities available for sale	$ 302,122	$ 248,820
Equity securities
Equity securities	5,678	5,437
Fair Value, Measurements, Recurring [Member]
Securities available for sale
Securities available for sale	302,122	248,820
Loans held for sale
Loans held for sale	4,431	2,735
Mutual Fund
Equity securities
Equity securities	5,678	5,437
Mutual Fund \| Fair Value, Measurements, Recurring [Member]
Equity securities
Equity securities	5,678	5,437
US Government Agency Obligations [Member]
Securities available for sale
Securities available for sale	29,056	39,760
US Government Agency Obligations [Member] \| Fair Value, Measurements, Recurring [Member]
Securities available for sale
Securities available for sale	29,056	39,760
Mortgage-backed Securities, Residential
Securities available for sale
Securities available for sale	35,979	38,016
Mortgage-backed Securities, Residential \| Fair Value, Measurements, Recurring [Member]
Securities available for sale
Securities available for sale	35,979	38,016
Asset Backed Securities
Securities available for sale
Securities available for sale	7,543	7,959
Asset Backed Securities \| Fair Value, Measurements, Recurring [Member]
Securities available for sale
Securities available for sale	7,543	7,959
State and Municipal
Securities available for sale
Securities available for sale	52,863	32,065
State and Municipal \| Fair Value, Measurements, Recurring [Member]
Securities available for sale
Securities available for sale	52,863	32,065
Corporate Bonds
Securities available for sale
Securities available for sale	46,396	51,583
Corporate Bonds \| Fair Value, Measurements, Recurring [Member]
Securities available for sale
Securities available for sale	46,396	51,583
CLO Securities
Securities available for sale
Securities available for sale	126,384	75,273
CLO Securities \| Fair Value, Measurements, Recurring [Member]
Securities available for sale
Securities available for sale	126,384	75,273
SBA Pooled Securities
Securities available for sale
Securities available for sale	3,901	4,164
SBA Pooled Securities \| Fair Value, Measurements, Recurring [Member]
Securities available for sale
Securities available for sale	3,901	4,164
ICC Contingent Consideration \| Fair Value, Measurements, Recurring [Member]
Contingent Consideration
Fair value of consideration paid included contingent consideration	21,927	21,622
Level 1 \| Mutual Fund \| Fair Value, Measurements, Recurring [Member]
Equity securities
Equity securities	5,678	5,437
Level 2 \| Fair Value, Measurements, Recurring [Member]
Securities available for sale
Securities available for sale	302,122	248,820
Loans held for sale
Loans held for sale	4,431	2,735
Level 2 \| US Government Agency Obligations [Member] \| Fair Value, Measurements, Recurring [Member]
Securities available for sale
Securities available for sale	29,056	39,760
Level 2 \| Mortgage-backed Securities, Residential \| Fair Value, Measurements, Recurring [Member]
Securities available for sale
Securities available for sale	35,979	38,016
Level 2 \| Asset Backed Securities \| Fair Value, Measurements, Recurring [Member]
Securities available for sale
Securities available for sale	7,543	7,959
Level 2 \| State and Municipal \| Fair Value, Measurements, Recurring [Member]
Securities available for sale
Securities available for sale	52,863	32,065
Level 2 \| Corporate Bonds \| Fair Value, Measurements, Recurring [Member]
Securities available for sale
Securities available for sale	46,396	51,583
Level 2 \| CLO Securities \| Fair Value, Measurements, Recurring [Member]
Securities available for sale
Securities available for sale	126,384	75,273
Level 2 \| SBA Pooled Securities \| Fair Value, Measurements, Recurring [Member]
Securities available for sale
Securities available for sale	3,901	4,164
Level 3 \| ICC Contingent Consideration \| Fair Value, Measurements, Recurring [Member]
Contingent Consideration
Fair value of consideration paid included contingent consideration	$ 21,927	$ 21,622

Fair Value Disclosures - Additional Information (Details)	3 Months Ended	12 Months Ended
	Mar. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)	Jun. 02, 2018 USD ($)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair value measurement, asset transfers into level 3	$ 0	$ 0
Fair value measurement, asset transfers out of level 3	0	0
Fair value measurement, liability transfers into level 3	0	0
Fair value measurement, liability transfers out of level 3	0	0
Fair Value, Measurements, Nonrecurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Liabilities, fair value disclosure	$ 0	0
Minimum \| Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Selling and closing costs for loans as a percentage of appraised value	5.00%
Real estate selling and closing costs as a percentage of appraised value	5.00%
Maximum \| Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Selling and closing costs for loans as a percentage of appraised value	8.00%
Real estate selling and closing costs as a percentage of appraised value	8.00%
Interstate Capital Corporation
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Contingent consideration earnout period	30 months
Final contingent consideration payout	$ 22,000,000	$ 22,000,000
Interstate Capital Corporation \| Minimum
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Final contingent consideration payout			$ 0
Interstate Capital Corporation \| Maximum
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Final contingent consideration payout			$ 22,000,000
Measurement Input Discount Rate \| Interstate Capital Corporation
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Contingent consideration fair value discount rate	0.004	0.017

Fair Value Disclosures - Reconciliation of Opening Balance to Closing Balance of Fair Value of Contingent Consideration (Details) - Level 3 - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 21,622	$ 20,745
Change in fair value of contingent consideration recognized in earnings	305	261
Ending balance	$ 21,927	$ 21,006

Fair Value Disclosures - Estimated Fair Value of Company's Financial Assets and Financial Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Financial assets:
Cash and cash equivalents, Fair Value	$ 208,414	$ 197,880
Securities - Held to maturity, Fair value	6,742	6,907
Loans not previously presented Fair Value	4,195,486	4,170,051
Accrued interest receivable, Fair Value	19,095	20,322
Cash and cash equivalents, Carrying Amount	208,414	197,880
Securities - held to maturity, Carrying Amount	8,217	8,417
Loans not previously presented Carrying Amount	4,290,901	4,170,604
FHLB stock, Carrying Amount	37,080
FHLB and other restricted stock, Carrying Amount	37,080	19,860
Accrued interest receivable, Carrying Amount	19,095	20,322
Financial liabilities:
Deposits, Fair Value	3,693,593	3,793,603
Customer repurchase agreements, Fair Value	3,693	2,033
Federal Home Loan Bank advances, Fair Value	850,000	430,000
Subordinated notes, Fair Value	88,409	93,877
Junior subordinated debentures, Fair Value	39,935	40,700
Accrued interest payable, Fair Value	9,230	9,367
Deposits, Carrying Amount	3,682,015	3,789,906
Customer repurchase agreements, Carrying Amount	3,693	2,033
Federal Home Loan Bank advances, Carrying Amount	850,000	430,000
Subordinated notes, Carrying Amount	87,347	87,327
Junior subordinated debentures, Carrying Amount	39,689	39,566
Accrued interest payable, Carrying Amount	9,230	9,367
Level 1
Financial assets:
Cash and cash equivalents, Fair Value	208,414	197,880
Loans not previously presented Fair Value	148,022	83,454
Accrued interest receivable, Fair Value	19,095	20,322
Financial liabilities:
Accrued interest payable, Fair Value	9,230	9,367
Level 2
Financial liabilities:
Deposits, Fair Value	3,693,593	3,793,603
Customer repurchase agreements, Fair Value	3,693	2,033
Federal Home Loan Bank advances, Fair Value	850,000	430,000
Subordinated notes, Fair Value	88,409	93,877
Junior subordinated debentures, Fair Value	39,935	40,700
Level 3
Financial assets:
Securities - Held to maturity, Fair value	6,742	6,907
Loans not previously presented Fair Value	$ 4,047,464	$ 4,086,597

Regulatory Matters - Schedule of Actual Capital Amounts and Ratios (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Triumph Bancorp Inc
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Total capital (to Risk Weighted Assets) Actual Amount	$ 585,157	$ 604,832
Total Capital (to Risk Weighted Assets) Actual Ratio	11.60%	12.80%
Total Capital (to Risk Weighted Assets) Minimum for Capital Adequacy Purposes Amount	$ 403,557	$ 378,020
Total Capital (to Risk Weighted Assets) Minimum for Capital Adequacy Purposes Ratio	8.00%	8.00%
Tier 1 Capital (to Risk Weighted Assets) Actual Amount	$ 454,349	$ 487,775
Tier 1 Capital (to Risk Weighted Assets) Actual Ratio	9.00%	10.30%
Tier 1 Capital (to Risk Weighted Assets) Minimum for Capital Adequacy Purposes Amount	$ 302,899	$ 284,141
Tier 1 Capital (to Risk Weighted Assets) Minimum for Capital Adequacy Purposes Ratio	6.00%	6.00%
Common Equity Tier 1 Capital (to Risk Weighted Assets) Actual Amount	$ 414,660	$ 448,209
Common Equity Tier 1 Capital (to Risk Weighted Assets) Actual Ratio	8.20%	9.50%
Common Equity Tier 1 Capital (to Risk Weighted Assets) Minimum for Capital Adequacy Purposes Amount	$ 227,557	$ 212,310
Common Equity Tier 1 Capital (to Risk Weighted Assets) Minimum for Capital Adequacy Purposes Ratio	4.50%	4.50%
Tier 1 Capital (to Average Assets) Actual Amount	$ 454,349	$ 487,775
Tier 1 Capital (to Average Assets) Actual Ratio	9.60%	10.00%
Tier 1 Capital (to Average Assets) Minimum for Capital Adequacy Purposes Amount	$ 189,312	$ 195,110
Tier 1 Capital (to Average Assets) Minimum for Capital Adequacy Purposes Ratio	4.00%	4.00%
TBK Bank SSB
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Total capital (to Risk Weighted Assets) Actual Amount	$ 557,478	$ 555,213
Total Capital (to Risk Weighted Assets) Actual Ratio	11.30%	12.00%
Total Capital (to Risk Weighted Assets) Minimum for Capital Adequacy Purposes Amount	$ 394,675	$ 370,142
Total Capital (to Risk Weighted Assets) Minimum for Capital Adequacy Purposes Ratio	8.00%	8.00%
Total Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 493,343	$ 462,678
Total Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	10.00%	10.00%
Tier 1 Capital (to Risk Weighted Assets) Actual Amount	$ 514,024	$ 525,490
Tier 1 Capital (to Risk Weighted Assets) Actual Ratio	10.40%	11.40%
Tier 1 Capital (to Risk Weighted Assets) Minimum for Capital Adequacy Purposes Amount	$ 296,552	$ 276,574
Tier 1 Capital (to Risk Weighted Assets) Minimum for Capital Adequacy Purposes Ratio	6.00%	6.00%
Tier 1 Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 395,403	$ 368,765
Tier 1 Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	8.00%	8.00%
Common Equity Tier 1 Capital (to Risk Weighted Assets) Actual Amount	$ 514,024	$ 525,490
Common Equity Tier 1 Capital (to Risk Weighted Assets) Actual Ratio	10.40%	11.40%
Common Equity Tier 1 Capital (to Risk Weighted Assets) Minimum for Capital Adequacy Purposes Amount	$ 222,414	$ 207,430
Common Equity Tier 1 Capital (to Risk Weighted Assets) Minimum for Capital Adequacy Purposes Ratio	4.50%	4.50%
Common Equity Tier 1 Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 321,265	$ 299,621
Common Equity Tier 1 Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	6.50%	6.50%
Tier 1 Capital (to Average Assets) Actual Amount	$ 514,024	$ 525,490
Tier 1 Capital (to Average Assets) Actual Ratio	10.90%	10.90%
Tier 1 Capital (to Average Assets) Minimum for Capital Adequacy Purposes Amount	$ 188,633	$ 192,840
Tier 1 Capital (to Average Assets) Minimum for Capital Adequacy Purposes Ratio	4.00%	4.00%
Tier 1 Capital (to Average Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 235,791	$ 241,050
Tier 1 Capital (to Average Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	5.00%	5.00%

Regulatory Matters - Additional Information (Details)	3 Months Ended	12 Months Ended
Regulatory Matters - Additional Information (Details)	Mar. 31, 2020	Dec. 31, 2019
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Capital conservation buffer rate	2.50%	2.50%
ASU 2016-13
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Regulatory capital calculation CECL transition adjustment	25.00%
Regulatory capital calculation CECL transition relief period	2 years
Percentage of fixed transition adjustment phased out of regulatory capital calculations over three year	75.00%
Percentage of fixed transition adjustment phased out of regulatory capital calculations in year four	50.00%
Percentage of fixed transition adjustment phased out of regulatory capital calculations in year five	25.00%

Stockholders' Equity - Summary of Capital Structure (Details) - $ / shares	Mar. 31, 2020	Dec. 31, 2019
Equity [Abstract]
Shares authorized	50,000,000	50,000,000
Shares issued	27,171,721	27,163,642
Treasury shares	(3,070,601)	(2,198,681)
Shares outstanding	24,101,120	24,964,961
Par value per share	$ 0.01	$ 0.01

Stockholders' Equity - Additional Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018	Oct. 16, 2019	Oct. 29, 2018
Class Of Stock [Line Items]
Shares repurchased value and held into treasury stock	$ 35,586,000	$ 7,553,000
Share repurchase program
Class Of Stock [Line Items]
Shares repurchased and held into treasury stock	871,319	247,312
Shares repurchased, average price per share	$ 40.81	$ 30.51
Shares repurchased value and held into treasury stock	$ 35,600,000
Number of shares repurchased under stock repurchase program			0
Maximum
Class Of Stock [Line Items]
Amount authorized under stock repurchase program				$ 50,000,000	$ 25,000,000

Stock Based Compensation - Additional Information (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019	Dec. 31, 2014
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock based compensation	$ 1,168,000	$ 911,000
2014 Omnibus Incentive Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares approved for issuance				2,000,000
2014 Omnibus Incentive Plan \| Restricted Stock Awards (RSAs)
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total unrecognized compensation cost	$ 1,894,000
Weighted-average period to recognize cost	2 years 8 months 23 days
2014 Omnibus Incentive Plan \| Restricted Stock Awards (RSAs) \| Minimum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock based compensation, award vesting period	3 years
2014 Omnibus Incentive Plan \| Restricted Stock Awards (RSAs) \| Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock based compensation, award vesting period	4 years
2014 Omnibus Incentive Plan \| Restricted Stock Units (RSUs)
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total unrecognized compensation cost	$ 1,291,000
Weighted-average period to recognize cost	3 years 29 days
Stock based compensation, award vesting period	5 years
2014 Omnibus Incentive Plan \| Market Based Performance Stock Units (Market Based PSUs)
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total unrecognized compensation cost	$ 1,579,000
Weighted-average period to recognize cost	2 years 10 months 24 days
2014 Omnibus Incentive Plan \| Market Based Performance Stock Units (Market Based PSUs) \| Minimum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock based compensation, award vesting period	3 years
Stock based compensation, award vesting percentage	0.00%
2014 Omnibus Incentive Plan \| Market Based Performance Stock Units (Market Based PSUs) \| Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock based compensation, award vesting period	5 years
Stock based compensation, award vesting percentage	175.00%
2014 Omnibus Incentive Plan \| Performance Based Performance Stock Units (Performance Based PSUs)
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock based compensation	$ 0
Weighted-average period to recognize cost	2 years 9 months
Stock based compensation, award vesting period	3 years
2014 Omnibus Incentive Plan \| Performance Based Performance Stock Units (Performance Based PSUs) \| Minimum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock based compensation, award vesting percentage	0.00%
2014 Omnibus Incentive Plan \| Performance Based Performance Stock Units (Performance Based PSUs) \| Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock based compensation, award vesting percentage	200.00%
Total unrecognized compensation cost	$ 19,314,000
2014 Omnibus Incentive Plan \| Stock Options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted-average period to recognize cost	2 years 4 months 6 days
Stock based compensation, award vesting period	4 years
Total unrecognized compensation cost	$ 270,000
Employees stock options contractual terms	10 years
2019 Employee Stock Purchase Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Common stock reserved for issuance			2,500,000
Purchase price of common stock, percentage			85.00%

Stock Based Compensation - Summary of Changes in Company's Nonvested Restricted Stock Awards (Details) - Restricted Stock Awards (RSAs)	3 Months Ended
	Mar. 31, 2020 $ / shares shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Nonvested Shares, Beginning balance \| shares	148,349
Nonvested Shares, Granted \| shares	8,079
Nonvested Shares, Vested \| shares	(8,079)
Nonvested Shares, Forfeited \| shares	(601)
Nonvested Shares, Ending balance \| shares	147,748
Weighted-Average Grant-Date Fair Value, Nonvested, Beginning balance \| $ / shares	$ 31.86
Weighted-Average Grant-Date Fair Value, Nonvested, Granted \| $ / shares	39.65
Weighted-Average Grant-Date Fair Value, Nonvested, Vested \| $ / shares	39.65
Weighted-Average Grant-Date Fair Value, Nonvested, Forfeited \| $ / shares	36.08
Weighted-Average Grant-Date Fair Value, Nonvested, Ending balance \| $ / shares	$ 31.84

Stock Based Compensation - Summary of Changes in Company's Nonvested Restricted Stock Units (Details) - Restricted Stock Units (RSUs)	3 Months Ended
	Mar. 31, 2020 $ / shares shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Nonvested Shares, Beginning balance \| shares	55,228
Nonvested Shares, Granted \| shares	0
Nonvested Shares, Vested \| shares	0
Nonvested Shares, Forfeited \| shares	0
Nonvested Shares, Ending balance \| shares	55,228
Weighted-Average Grant-Date Fair Value, Nonvested, Beginning balance \| $ / shares	$ 38.75
Weighted-Average Grant-Date Fair Value, Nonvested, Granted \| $ / shares	0
Weighted-Average Grant-Date Fair Value, Nonvested, Vested \| $ / shares	0
Weighted-Average Grant-Date Fair Value, Nonvested, Forfeited \| $ / shares	0
Weighted-Average Grant-Date Fair Value, Nonvested, Ending balance \| $ / shares	$ 38.75

Stock Based Compensation - Summary of Changes in Company's Nonvested Market Based Performance Stock Units (Details) - Market Based Performance Stock Units (Market Based PSUs)	3 Months Ended
	Mar. 31, 2020 $ / shares shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Nonvested Shares, Beginning balance \| shares	67,707
Nonvested Shares, Granted \| shares	0
Nonvested Shares, Vested \| shares	0
Nonvested Shares, Forfeited \| shares	0
Nonvested Shares, Ending balance \| shares	67,707
Weighted-Average Grant-Date Fair Value, Nonvested, Beginning balance \| $ / shares	$ 37.71
Weighted-Average Grant-Date Fair Value, Nonvested, Granted \| $ / shares	0
Weighted-Average Grant-Date Fair Value, Nonvested, Vested \| $ / shares	0
Weighted-Average Grant-Date Fair Value, Nonvested, Forfeited \| $ / shares	0
Weighted-Average Grant-Date Fair Value, Nonvested, Ending balance \| $ / shares	$ 37.71

Stock Based Compensation - Summary of Changes in Company's Nonvested Performance Based Performance Stock Units (Details) - Performance Based Performance Stock Units (Performance Based PSUs)	3 Months Ended
	Mar. 31, 2020 $ / shares shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Nonvested Shares, Beginning balance \| shares	254,000
Nonvested Shares, Granted \| shares	0
Nonvested Shares, Vested \| shares	0
Nonvested Shares, Forfeited \| shares	0
Nonvested Shares, Ending balance \| shares	254,000
Weighted-Average Grant-Date Fair Value, Nonvested, Beginning balance \| $ / shares	$ 38.02
Weighted-Average Grant-Date Fair Value, Nonvested, Granted \| $ / shares	0
Weighted-Average Grant-Date Fair Value, Nonvested, Vested \| $ / shares	0
Weighted-Average Grant-Date Fair Value, Nonvested, Forfeited \| $ / shares	0
Weighted-Average Grant-Date Fair Value, Nonvested, Ending balance \| $ / shares	$ 38.02

Stock Based Compensation - Summary of Changes in Company's Stock Options (Details) - Stock Options $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2020 USD ($) $ / shares shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock Options, Beginning Balance \| shares	225,055
Stock Options, Granted \| shares	0
Stock Options, Exercised \| shares	0
Stock Options, Forfeited or expired \| shares	0
Stock Options, Ending Balance \| shares	225,055
Stock Options, Fully vested shares and shares expected to vest at March 31, 2020 \| shares	225,055
Stock Options, Shares exercisable at March 31, 2020 \| shares	118,537
Weighted-Average Exercise Price, Beginning Balance \| $ / shares	$ 24.10
Weighted-Average Exercise Price, Granted \| $ / shares	0
Weighted-Average Exercise Price, Exercised \| $ / shares	0
Weighted-Average Exercise Price, Forfeited or expired \| $ / shares	0
Weighted-Average Exercise Price, Ending Balance \| $ / shares	24.10
Weighted-Average Exercise Price, Fully vested shares and shares expected to vest at March 31, 2020 \| $ / shares	24.10
Weighted-Average Exercise Price, Shares exercisable at March 31, 2020 \| $ / shares	$ 20.20
Weighted-Average Remaining Contractual Term, Outstanding at March 31, 2020	6 years 11 months 1 day
Weighted-Average Remaining Contractual Term, Fully vested shares and shares expected to vest at March 31, 2020	6 years 11 months 1 day
Weighted-Average Remaining Contractual Term, Shares exercisable at March 31, 2020	6 years 5 months 1 day
Aggregate Intrinsic Value, Outstanding at March 31, 2020 \| $	$ 1,119
Aggregate Intrinsic Value, Fully vested shares and shares expected to vest at March 31, 2020 \| $	1,119
Aggregate Intrinsic Value, Shares exercisable at March 31, 2020 \| $	$ 836

Earnings Per Share - Factors Used in Computation of Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Basic
Net income (loss) to common stockholders	$ (4,450)	$ 14,788
Weighted average common shares outstanding	24,314,329	26,679,724
Basic earnings (loss) per common share	$ (0.18)	$ 0.55
Diluted
Net income (loss) to common stockholders	$ (4,450)	$ 14,788
Weighted average common shares outstanding	24,314,329	26,679,724
Dilutive effects of:
Average shares and dilutive potential common shares	24,314,329	26,793,685
Diluted earnings (loss) per common share	$ (0.18)	$ 0.55
Stock Options
Dilutive effects of:
Stock based compensation		64,166
Restricted Stock Awards
Dilutive effects of:
Stock based compensation		49,795

Earnings Per Share - Schedule of Shares not Considered in Computing Diluted Earnings per Common Share (Details) - shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Stock Options
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive shares	225,055	50,752
Restricted Stock Awards
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive shares	147,748	13,290
Performance stock units - market based
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive shares	67,707	58,400
Restricted Stock Units
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive shares	55,228	58,400
Performance Stock Units - Performance Based
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive shares	254,000

Business Segment Information - Banking Segment (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Segment Reporting Information [Line Items]
Total interest income	$ 75,414	$ 73,264
Total interest expense	12,914	11,953
Net interest income	62,500	61,311
Credit loss expense	17,361	1,014
Net interest income after credit loss expense	45,139	60,297
Noninterest income	7,477	7,538
Noninterest expense	57,690	48,566
Net income (loss) before income tax	(5,074)	19,269
Total assets	5,353,729		$ 5,060,297
Gross loans held for investment	4,320,548		4,194,512
Operating Segments \| Banking
Segment Reporting Information [Line Items]
Total interest income	51,666	49,121
Intersegment interest allocations	3,074	2,638
Total interest expense	10,921	10,354
Net interest income	43,819	41,405
Credit loss expense	15,818	954
Net interest income after credit loss expense	28,001	40,451
Noninterest income	6,280	6,297
Noninterest expense	44,572	34,385
Net income (loss) before income tax	(10,291)	12,363
Total assets	5,276,926		4,976,009
Gross loans held for investment	4,227,563		4,108,735
Operating Segments \| Factoring
Segment Reporting Information [Line Items]
Total interest income	23,497	23,803
Intersegment interest allocations	(3,074)	(2,638)
Net interest income	20,423	21,165
Credit loss expense	1,544	136
Net interest income after credit loss expense	18,879	21,029
Noninterest income	1,296	1,077
Noninterest expense	12,063	13,295
Net income (loss) before income tax	8,112	8,811
Total assets	714,006		662,002
Gross loans held for investment	641,366		573,372
Operating Segments \| Corporate
Segment Reporting Information [Line Items]
Total interest income	251	340
Total interest expense	1,993	1,599
Net interest income	(1,742)	(1,259)
Credit loss expense	(1)	(76)
Net interest income after credit loss expense	(1,741)	(1,183)
Noninterest income	(99)	164
Noninterest expense	1,055	886
Net income (loss) before income tax	(2,895)	$ (1,905)
Total assets	723,327		771,048
Gross loans held for investment	800		1,519
Eliminations
Segment Reporting Information [Line Items]
Total assets	(1,360,530)		(1,348,762)
Gross loans held for investment	$ (549,181)		$ (489,114)

Stock Based Compensation - Summary of Changes in Company's Nonvested Restricted Stock Units (Details) - Restricted Stock Units (RSUs)	3 Months Ended
	Mar. 31, 2020 $ / shares shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Nonvested Shares, Beginning balance \| shares	55,228
Nonvested Shares, Granted \| shares	0
Nonvested Shares, Vested \| shares	0
Nonvested Shares, Forfeited \| shares	0
Nonvested Shares, Ending balance \| shares	55,228
Weighted-Average Grant-Date Fair Value, Nonvested, Beginning balance \| $ / shares	$ 38.75
Weighted-Average Grant-Date Fair Value, Nonvested, Granted \| $ / shares	0
Weighted-Average Grant-Date Fair Value, Nonvested, Vested \| $ / shares	0
Weighted-Average Grant-Date Fair Value, Nonvested, Forfeited \| $ / shares	0
Weighted-Average Grant-Date Fair Value, Nonvested, Ending balance \| $ / shares	$ 38.75

Fair Value Disclosures - Fair Value of Assets Measured on Non-recurring Basis (Details) - Fair Value, Measurements, Nonrecurring - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring	$ 30,708
Collateral Dependent Loans \| Commercial real estate
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring	6,535
Collateral Dependent Loans \| Construction, land development, land
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring	644
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	3
Collateral Dependent Loans \| Commercial Loans
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring	5,033
Collateral Dependent Loans \| Factored receivables
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring	17,300
Collateral Dependent Loans \| Consumer
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring	132
Other real estate owned
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring		$ 19,268
Other real estate owned \| Commercial real estate
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring	1,061	388
Other real estate owned \| 1-4 family residential
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring		89
Impaired Loans \| Commercial real estate
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring		534
Impaired Loans \| Construction, land development, land
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring		664
Impaired Loans \| 1-4 family residential
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring		2
Impaired Loans \| Commercial Loans
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring		4,754
Impaired Loans \| Factored receivables
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring		12,762
Impaired Loans \| Consumer
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring		8
Impaired Loans \| PCI
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring		67
Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring	30,708
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	6,535
Level 3 \| Collateral Dependent Loans \| Construction, land development, land
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring	644
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	3
Level 3 \| Collateral Dependent Loans \| Commercial Loans
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring	5,033
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	17,300
Level 3 \| Collateral Dependent Loans \| Consumer
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring	132
Level 3 \| Other real estate owned
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring		19,268
Level 3 \| Other real estate owned \| Commercial real estate
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring	$ 1,061	388
Level 3 \| Other real estate owned \| 1-4 family residential
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring		89
Level 3 \| Impaired Loans \| Commercial real estate
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring		534
Level 3 \| Impaired Loans \| Construction, land development, land
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring		664
Level 3 \| Impaired Loans \| 1-4 family residential
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring		2
Level 3 \| Impaired Loans \| Commercial Loans
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring		4,754
Level 3 \| Impaired Loans \| Factored receivables
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring		12,762
Level 3 \| Impaired Loans \| Consumer
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring		8
Level 3 \| Impaired Loans \| PCI
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring		$ 67