0001628280-21-014160 | 10-Q | XBRL Viewer

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Cover - shares	6 Months Ended
Cover - shares	Jun. 30, 2021	Jul. 19, 2021
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2021
Document Transition Report	false
Entity File Number	001-36722
Entity Registrant Name	TRIUMPH BANCORP, INC.
Entity Incorporation, State or Country Code	TX
Entity Tax Identification Number	20-0477066
Entity Address, Address Line One	12700 Park Central Drive, Suite 1700
Entity Address, City or Town	Dallas
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	75251
City Area Code	214
Local Phone Number	365-6900
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		25,113,322
Amendment Flag	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Entity Central Index Key	0001539638
Current Fiscal Year End Date	--12-31
Common Stock
Document Information [Line Items]
Title of 12(b) Security	Common stock, par value $0.01 per share
Trading Symbol	TBK
Security Exchange Name	NASDAQ
Depositary Shares
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares Each Representing a 1/40th Interest in a Share of 7.125% Series C Fixed-Rate Non-Cumulative Perpetual Preferred Stock
Trading Symbol	TBKCP
Security Exchange Name	NASDAQ

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
ASSETS
Cash and due from banks	$ 67,351	$ 85,525
Interest bearing deposits with other banks	377,088	228,868
Total cash and cash equivalents	444,439	314,393
Securities - equity investments	5,854	5,826
Securities - available for sale	193,627	224,310
Securities - held to maturity, net of allowance for credit losses of $1,727 and $2,026, respectively, fair value of $5,622 and $5,850, respectively	5,658	5,919
Loans held for sale	31,136	24,546
Loans, net of allowance for credit losses of $45,694 and $95,739, respectively	4,785,521	4,901,037
Federal Home Loan Bank and other restricted stock, at cost	8,096	6,751
Premises and equipment, net	106,720	103,404
Other real estate owned, net	1,013	1,432
Goodwill	236,965	163,209
Intangible assets, net	49,602	26,713
Bank-owned life insurance	41,912	41,608
Deferred tax asset, net	0	6,427
Indemnification asset	5,246	36,225
Other assets	100,088	73,991
Total assets	6,015,877	5,935,791
Deposits
Noninterest bearing	1,803,552	1,352,785
Interest bearing	2,921,898	3,363,815
Total deposits	4,725,450	4,716,600
Customer repurchase agreements	9,243	3,099
Federal Home Loan Bank advances	130,000	105,000
Paycheck Protection Program Liquidity Facility	139,673	191,860
Subordinated notes	87,620	87,509
Junior subordinated debentures	40,333	40,072
Deferred tax liability, net	3,333	0
Other liabilities	87,837	64,870
Total liabilities	5,223,489	5,209,010
Commitments and contingencies - See Note 8 and Note 9
Stockholders' equity - See Note 12
Preferred stock	45,000	45,000
Common stock, 25,109,703 and 24,868,218 shares outstanding, respectively	282	280
Additional paid-in-capital	494,224	489,151
Treasury stock, at cost	(104,486)	(103,052)
Retained earnings	349,885	289,583
Accumulated other comprehensive income (loss)	7,483	5,819
Total stockholders’ equity	792,388	726,781
Total liabilities and stockholders' equity	$ 6,015,877	$ 5,935,791

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Allowance for credit losses	$ 1,727	$ 1,859	$ 2,026	$ 1,855	$ 126	$ 0
Fair Value	5,622		5,850
Allowance for credit losses	$ 45,694		$ 95,739
Common stock, outstanding (in shares)	25,109,703		24,868,218

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Interest and dividend income:
Loans, including fees	$ 45,988	$ 50,394	$ 94,694	$ 98,717
Factored receivables, including fees	47,328	21,101	85,123	45,393
Securities	1,187	2,676	2,837	4,783
FHLB and other restricted stock	27	148	103	352
Cash deposits	158	79	284	567
Total interest income	94,688	74,398	183,041	149,812
Interest expense:
Deposits	2,470	7,584	5,842	17,261
Subordinated notes	1,350	1,321	2,699	2,668
Junior subordinated debentures	446	554	888	1,200
Other borrowings	140	688	310	1,932
Total interest expense	4,406	10,147	9,739	23,061
Net interest income	90,282	64,251	173,302	126,751
Credit loss expense (benefit)	(1,806)	13,609	(9,651)	33,907
Net interest income after credit loss expense (benefit)	92,088	50,642	182,953	92,844
Noninterest income:
Net OREO gains (losses) and valuation adjustments	(287)	(101)	(367)	(358)
Net gains (losses) on sale or call of securities	1	63	1	101
Insurance commissions	1,272	864	2,758	1,915
Other	4,358	5,627	11,235	7,198
Total noninterest income	13,896	20,029	28,187	27,506
Noninterest expense:
Salaries and employee benefits	41,658	30,804	77,638	61,526
Occupancy, furniture and equipment	6,112	4,964	11,891	10,146
FDIC insurance and other regulatory assessments	500	495	1,477	810
Professional fees	5,052	1,651	7,597	3,758
Amortization of intangible assets	2,428	2,046	4,403	4,124
Advertising and promotion	1,241	1,151	2,131	2,443
Communications and technology	6,028	5,444	11,928	10,945
Other	7,779	6,171	14,625	13,727
Total noninterest expense	70,798	52,726	131,690	107,479
Net income before income tax expense	35,186	17,945	79,450	12,871
Income tax expense	7,204	4,505	17,545	3,881
Net income	27,982	13,440	61,905	8,990
Dividends on preferred stock	(802)	0	(1,603)	0
Net income to common stockholders	$ 27,180	$ 13,440	$ 60,302	$ 8,990
Earnings per common share
Basic (in dollars per share)	$ 1.10	$ 0.56	$ 2.44	$ 0.37
Diluted (in dollars per share)	$ 1.08	$ 0.56	$ 2.39	$ 0.37
Service charges on deposits
Noninterest income:
Revenue	$ 1,857	$ 573	$ 3,644	$ 2,161
Card income
Noninterest income:
Revenue	2,225	1,941	4,197	3,741
Fee income
Noninterest income:
Revenue	$ 4,470	$ 1,304	$ 6,719	$ 2,990

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Statement of Comprehensive Income [Abstract]
Net income	$ 27,982	$ 13,440	$ 61,905	$ 8,990
Unrealized gains (losses) on securities:
Unrealized holding gains (losses) arising during the period	(611)	14,732	(926)	6,147
Tax effect	145	(3,468)	214	(1,458)
Unrealized holding gains (losses) arising during the period, net of taxes	(466)	11,264	(712)	4,689
Reclassification of amount realized through sale or call of securities	(1)	(63)	(1)	(101)
Tax effect	0	(15)	0	(6)
Reclassification of amount realized through sale or call of securities, net of taxes	(1)	(78)	(1)	(107)
Change in unrealized gains (losses) on securities, net of tax	(467)	11,186	(713)	4,582
Unrealized gains (losses) on derivative financial instruments:
Unrealized holding gains (losses) arising during the period	(592)	(324)	3,071	(324)
Tax effect	141	78	(734)	78
Unrealized holding gains (losses) arising during the period, net of taxes	(451)	(246)	2,337	(246)
Reclassification of amount of gains (losses) recognized into income	29	0	52	0
Tax effect	(7)	0	(12)	0
Reclassification of amount of gains (losses) recognized into income, net of taxes	22	0	40	0
Change in unrealized gains (losses) on derivative financial instruments	(429)	(246)	2,377	(246)
Total other comprehensive income (loss)	(896)	10,940	1,664	4,336
Comprehensive income	$ 27,086	$ 24,380	$ 63,569	$ 13,326

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Preferred Stock	Common Stock	Additional Paid-in- Capital	Treasury Stock	Retained Earnings	Retained Earnings Cumulative Effect, Period of Adoption, Adjustment	Accumulated Other Comprehensive Income (Loss)
Beginning balance at Dec. 31, 2019	$ 636,590	$ (1,771)	$ 0	$ 271	$ 473,251	$ (67,068)	$ 229,030		$ 1,106
Beginning balance (in shares) at Dec. 31, 2019				24,964,961		2,198,681
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of restricted stock awards (in shares)				8,079
Issuance of restricted stock awards	0			$ 1	(1)
Stock based compensation	1,168				1,168
Forfeiture of restricted stock awards (in shares)				(601)		(601)
Forfeiture of restricted stock awards	0				23	$ (23)
Treasury Stock, Shares, Acquired				(871,319)		(871,319)
Purchase of treasury stock	(35,586)					$ (35,586)
Net income (loss)	(4,450)						(4,450)
Other comprehensive income (loss)	(6,604)								(6,604)
Ending balance at Mar. 31, 2020	589,347		0	$ 272	474,441	$ (102,677)	222,809		(5,498)
Ending balance (in shares) at Mar. 31, 2020				24,101,120		3,070,601
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Impact of adoption of ASU 2016-13								us-gaap:AccountingStandardsUpdate201613Member
Beginning balance at Dec. 31, 2019	636,590	(1,771)	0	$ 271	473,251	$ (67,068)	229,030		1,106
Beginning balance (in shares) at Dec. 31, 2019				24,964,961		2,198,681
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of preferred stock, net of issuance costs	42,364
Net income (loss)	8,990
Other comprehensive income (loss)	4,336
Ending balance at Jun. 30, 2020	656,871		45,000	$ 273	472,795	$ (102,888)	236,249		5,442
Ending balance (in shares) at Jun. 30, 2020				24,202,686		3,079,070
Beginning balance at Dec. 31, 2019	636,590	$ (1,771)	0	$ 271	473,251	$ (67,068)	229,030		1,106
Beginning balance (in shares) at Dec. 31, 2019				24,964,961		2,198,681
Ending balance at Dec. 31, 2020	$ 726,781		45,000	$ 280	489,151	$ (103,052)	289,583		5,819
Ending balance (in shares) at Dec. 31, 2020				24,868,218		3,083,503
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Impact of adoption of ASU 2016-13	us-gaap:AccountingStandardsUpdate201613Member
Beginning balance at Mar. 31, 2020	$ 589,347		0	$ 272	474,441	$ (102,677)	222,809		(5,498)
Beginning balance (in shares) at Mar. 31, 2020				24,101,120		3,070,601
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of preferred stock, net of issuance costs	42,364		45,000		(2,636)
Issuance of restricted stock awards (in shares)				110,035
Issuance of restricted stock awards	0			$ 1	(1)
Stock based compensation	966				966
Forfeiture of restricted stock awards (in shares)				(1,033)		(1,033)
Forfeiture of restricted stock awards	0				25	$ (25)
Treasury Stock, Shares, Acquired				(7,436)		(7,436)
Purchase of treasury stock	(186)					$ (186)
Net income (loss)	13,440						13,440
Other comprehensive income (loss)	10,940								10,940
Ending balance at Jun. 30, 2020	656,871		45,000	$ 273	472,795	$ (102,888)	236,249		5,442
Ending balance (in shares) at Jun. 30, 2020				24,202,686		3,079,070
Beginning balance at Dec. 31, 2020	726,781		45,000	$ 280	489,151	$ (103,052)	289,583		5,819
Beginning balance (in shares) at Dec. 31, 2020				24,868,218		3,083,503
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of restricted stock awards (in shares)				4,613
Issuance of restricted stock awards	0
Stock option exercises, net (in shares)				10,205
Stock option exercises, net	191				191
Stock based compensation	1,350				1,350
Forfeiture of restricted stock awards (in shares)				(107)		(107)
Forfeiture of restricted stock awards	0				7	$ (7)
Dividends declared	(801)						(801)
Net income (loss)	33,923						33,923
Other comprehensive income (loss)	2,560								2,560
Ending balance at Mar. 31, 2021	764,004		45,000	$ 280	490,699	$ (103,059)	322,705		8,379
Ending balance (in shares) at Mar. 31, 2021				24,882,929		3,083,610
Beginning balance at Dec. 31, 2020	726,781		45,000	$ 280	489,151	$ (103,052)	289,583		5,819
Beginning balance (in shares) at Dec. 31, 2020				24,868,218		3,083,503
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of preferred stock, net of issuance costs	0
Net income (loss)	61,905
Other comprehensive income (loss)	1,664
Ending balance at Jun. 30, 2021	792,388		45,000	$ 282	494,224	$ (104,486)	349,885		7,483
Ending balance (in shares) at Jun. 30, 2021				25,109,703		3,100,057
Beginning balance at Mar. 31, 2021	764,004		45,000	$ 280	490,699	$ (103,059)	322,705		8,379
Beginning balance (in shares) at Mar. 31, 2021				24,882,929		3,083,610
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of restricted stock awards (in shares)				224,287
Issuance of restricted stock awards	0			$ 2	(2)
Stock option exercises, net (in shares)				18,934
Stock option exercises, net	(45)				(45)
Stock based compensation	3,386				3,386
Forfeiture of restricted stock awards (in shares)				(2,278)		(2,278)
Forfeiture of restricted stock awards	0				186	$ (186)
Treasury Stock, Shares, Acquired				(14,169)		(14,169)
Purchase of treasury stock	(1,241)					$ (1,241)
Dividends declared	(802)						(802)
Net income (loss)	27,982						27,982
Other comprehensive income (loss)	(896)								(896)
Ending balance at Jun. 30, 2021	$ 792,388		$ 45,000	$ 282	$ 494,224	$ (104,486)	$ 349,885		$ 7,483
Ending balance (in shares) at Jun. 30, 2021				25,109,703		3,100,057

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Cash flows from operating activities:
Net income	$ 61,905	$ 8,990
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation	5,905	4,589
Net accretion on loans	(5,662)	(4,273)
Amortization of subordinated notes issuance costs	111	75
Amortization of junior subordinated debentures	261	250
Net amortization on securities	(337)	(118)
Amortization of intangible assets	4,403	4,124
Deferred taxes	4,464	(5,574)
Credit Loss Expense (benefit)	(9,651)	33,907
Stock based compensation	4,736	2,134
Net (gains) losses on sale or call of debt securities	(1)	(101)
Net (gains) losses on equity securities	(28)	(974)
Net OREO (gains) losses and valuation adjustments	367	358
Gain on sale of subsidiary or division	0	(9,758)
Origination of loans held for sale	(26,771)	(27,023)
Purchases of loans held for sale	(16,096)	(30,188)
Proceeds from Sale of Loans Held-for-sale	45,138	39,919
Net (gains) losses on sale of loans	(1,122)	(2,011)
Net (gains) losses on transfer of loans to loans held for sale	(1,466)	(49)
Net change in operating leases	303	62
(Increase) decrease in other assets	(12,261)	(1,030)
Increase (decrease) in other liabilities	3,306	7,248
Net cash provided by (used in) operating activities	57,504	20,557
Cash flows from investing activities:
Purchases of securities available for sale	(8,000)	(128,970)
Proceeds from maturities, calls, and pay downs of securities available for sale	43,344	52,708
Proceeds from maturities, calls, and pay downs of securities held to maturity	560	498
Purchases of loans held for investment	(51,585)	(232,765)
Proceeds from sale of loans	45,582	87,200
Net change in loans	164,616	(165,575)
Purchases of premises and equipment, net	(9,221)	(15,775)
Net proceeds from sale of OREO	408	1,430
(Purchases) redemptions of FHLB and other restricted stock, net	(1,345)	(6,485)
Net cash (paid for) received in acquisitions	(96,926)	0
Proceeds from sale of subsidiary or division, net	0	93,835
Net cash provided by (used in) investing activities	87,433	(313,899)
Cash flows from financing activities:
Net increase (decrease) in deposits	8,850	272,426
Increase (decrease) in customer repurchase agreements	6,144	4,699
Increase (decrease) in Federal Home Loan Bank advances	25,000	25,000
Proceeds from Paycheck Protection Program Liquidity Facility borrowings	226,630	231,370
Repayment of Paycheck Protection Program Liquidity Facility borrowings	(278,817)	(7,561)
Issuance of preferred stock, net of issuance costs	0	42,364
Preferred dividends	(1,603)	0
Stock option exercises	146	0
Purchase of treasury stock	(1,241)	(35,772)
Net cash provided by (used in) financing activities	(14,891)	532,526
Net increase (decrease) in cash and cash equivalents	130,046	239,184
Cash and cash equivalents at beginning of period	314,393	197,880
Cash and cash equivalents at end of period	444,439	437,064
Supplemental cash flow information:
Interest paid	11,393	25,204
Income taxes paid, net	28,449	625
Cash paid for operating lease liabilities	2,147	2,128
Supplemental noncash disclosures:
Loans transferred to OREO	356	741
Loans held for investment transferred to loans held for sale	64,603	115,631
Assets transferred to assets held for sale	0	84,077
Lease liabilities arising from obtaining right-of-use assets	16,396	7
Securities available for sale purchased, not settled	5,250	0
Indemnification recognized	$ 35,633	$ 0

Summary of Significant Accounting Policies	6 Months Ended
Summary of Significant Accounting Policies	Jun. 30, 2021
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations Triumph Bancorp, Inc. (collectively with its subsidiaries, “Triumph”, or the “Company” as applicable) is a financial holding company headquartered in Dallas, Texas. 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”), TBK Bank’s wholly owned subsidiary Triumph Insurance Group, Inc. (“TIG”). TriumphPay operates as a division of TBK Bank, SSB. Basis of Presentation The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with United States Generally Accepted Accounting Principles (“GAAP”) for interim financial information and in accordance with guidance provided by the Securities and Exchange Commission (“SEC”). Accordingly, the condensed financial statements do not include all of the information and footnotes required by GAAP for complete financial statements. The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all normal and recurring adjustments considered necessary for a fair presentation. Transactions between the subsidiaries have been eliminated. These condensed consolidated financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2020. Operating results for the three and six months ended June 30, 2021 are not necessarily indicative of the results that may be expected for the year ending December 31, 2021. Operating Segments The Company’s reportable segments are comprised of strategic business units primarily based upon industry categories and, to a lesser extent, the core competencies relating to product origination, distribution methods, operations and servicing. Segment determination also considered organizational structure and is consistent with the presentation of financial information to the chief operating decision maker to evaluate segment performance, develop strategy, and allocate resources. The Company's chief operating decision maker is the Chief Executive Officer of Triumph Bancorp, Inc. Management has determined that the Company has four reportable segments consisting of Banking, Factoring, Payments, and Corporate. The Banking segment includes the operations of TBK Bank. The Banking segment derives its revenue principally from investments in interest-earning assets as well as noninterest income typical for the banking industry. The Factoring segment includes the operations of TBC with revenue derived from factoring services. The Payments segment includes the operations of the TBK Bank's TriumphPay division, which is the payments network for trucking; creating frictionless presentment, audit, and payment of invoices. The Payments segment derives its revenue from transaction fees and interest income on factored receivables related to invoice payments. These factored receivables consist of both invoices where we offer a carrier a QuickPay opportunity to receive payment at a discount in advance of the standard payment term for such invoice in exchange for the assignment of such invoice to us and from offering freight brokers the ability to settle their invoices with us on an extended term following our payment to their carriers as an additional liquidity option for such freight brokers. The corporate segment includes holding company financing and investment activities and management and administrative expenses to support the overall operations of the Company. Prior to June 30, 2021, management determined that the Company had three reportable segments consisting of Banking, Factoring, and Corporate, and the Banking segment included the operations of TBK Bank and TriumphPay. On June 1, 2021, TriumphPay acquired HubTran, Inc., a cloud-based provider of automation software for the trucking industry’s back office (see Note 2 for further disclosures regarding the acquisition of HubTran). The acquisition of HubTran allows TriumphPay to create a fully integrated payments network for trucking; servicing brokers and factors. TriumphPay already offered tools and services to increase automation, mitigate fraud, create back-office efficiency and improve the payment experience. Through the acquisition of HubTran, TriumphPay created additional value through the enhancement of its presentment, audit, and payment capabilities for shippers, third party logistics companies (i.e., freight brokers) and their carriers, and factors. The acquisition of HubTran was a meaningful inflection point in the operations of TriumphPay as the TriumphPay strategy has shifted from a capital-intensive on-balance sheet product with a focus on interest income to a payments network for the trucking industry with a focus on fee revenue. In terms of total revenue, operating income (loss), and total assets, TriumphPay is currently, and has historically been, quantitatively immaterial; however, given the shift in strategy brought on by the acquisition of HubTran as well as significant management and chief operating decision maker focus on TriumphPay operations, management believes disclosing TriumphPay's operations through the Payments segment is qualitatively useful for readers of these financial statements. This change also brings the Company's reportable segments in line with its reporting units used for goodwill impairment evaluation. Prior to the acquisition of HubTran, the Payments reporting unit carried no goodwill. Prior period business segment disclosures have been revised as appropriate to reflect the current period change in reportable segments. Risks and Uncertainties Significant progress has been made to combat the outbreak of COVID-19; however, the global pandemic has adversely impacted a broad range of industries in which the Company's customers operate and could still impair their ability to fulfill their financial obligations to the Company. The Company’s business is dependent upon the willingness and ability of its employees and customers to conduct banking and other financial transactions. While it appears that the epidemiological and macroeconomic conditions are trending in a positive direction as of June 30, 2021, if there is a resurgence in the virus, the Company could experience further adverse effects on its business, financial condition, results of operations and cash flows. While it is not possible to know the full universe or extent that the impact of COVID-19, and any potential resulting measures to curtail its spread, will have on the Company's future operations, the Company is disclosing potentially material items of which it is aware. Financial position and results of operations The Company’s interest income could be reduced due to COVID-19. In keeping with guidance from regulators, the Company continues to work with COVID-19 affected borrowers to defer their payments, interest, and fees. While interest and fees continue to accrue to income through normal GAAP accounting, should eventual credit losses on these deferred payments emerge, the related loans would be placed on nonaccrual status and interest income and fees accrued would be reversed. In such a scenario, interest income in future periods could be negatively impacted. As of June 30, 2021 the Company carries $208,000 of accrued interest income and fees on outstanding deferrals made to COVID-19 affected borrowers. At this time, the Company is unable to project the materiality of such an impact on future deferrals to COVID-19 affected borrowers, but recognizes the breadth of the economic impact may affect its borrowers’ ability to repay in future periods. Capital and liquidity The Company's reported and regulatory capital ratios could be adversely impacted by further credit loss expense. The Company relies on cash on hand as well as dividends from its subsidiary bank to service its debt. If the Company's capital deteriorates such that its subsidiary bank is unable to pay dividends to the Company for an extended period of time, the Company may not be able to service its debt. The Company maintains access to multiple sources of liquidity. Wholesale funding markets have remained open to the Company, but rates for short-term funding can be volatile. If funding costs are elevated for an extended period of time, it could have an adverse effect on the Company's net interest margin. If 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. Intangible asset valuation The lingering effects COVID-19 could cause a decline in the Company’s stock price or the occurrence of what management would deem to be a triggering event that could, under certain circumstances, cause us to perform a goodwill impairment test and result in an impairment charge being recorded for that period. In the event that the Company concludes that all or a portion of its goodwill is impaired, a non-cash charge for the amount of such impairment would be recorded to earnings. Such a charge would have no impact on tangible capital or regulatory capital. It is possible that the lingering effects of COVID-19 could cause the occurrence of what management would deem to be a triggering event that could, under certain circumstances, cause us to perform an intangible asset impairment test and result in an impairment charge being recorded for that period. In the event that the Company concludes that all or a portion of its intangible assets are impaired, a non-cash charge for the amount of such impairment would be recorded to earnings. Such a charge would have no impact on tangible capital or regulatory capital. Lending operations and accommodations to borrowers In keeping with regulatory guidance to work with borrowers during this unprecedented situation and as outlined in the Section 4013 of the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), the Company 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 a stated period of time. As of June 30, 2021, the Company’s balance sheet reflected 10 of these deferrals on outstanding loan balances of $53,651,000. In accordance with the CARES Act and March 2020 interagency guidance, these deferrals are not considered troubled debt restructurings. It is possible that these deferrals could be extended further under the CARES Act; however, the volume of these future potential extensions is unknown. It is also possible that in spite of the Company's best efforts to assist its borrowers and achieve full collection of the Company's investment, these deferred loans could result in future charge-offs with additional credit loss expense charged to earnings; however, the amount of any future charge-offs on deferred loans is unknown. At June 30, 2021, 98% of the $53,651,000 COVID deferral balance was made up of three relationships. With the passage of the Paycheck Protection Program (“PPP”), administered by the Small Business Administration (“SBA”), the Company has participated in assisting its customers with applications for resources through the program. PPP loans have two-year and five-year terms and earn interest at a 1% coupon. 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 June 30, 2021, the Company carried 1,390 PPP loans representing a book value of $135,307,000. The Company recognized $1,828,000 and $2,939,000 in fees from the SBA on PPP loans during the three and six months ended June 30, 2021 and carried $5,165,000 of deferred fees on PPP loans at June 30, 2021. The remaining fees will be amortized and recognized over the remaining lives of the loans. 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 an allowance for credit loss through additional credit loss expense charged to earnings. Credit The Company is working with customers directly affected by COVID-19. The Company is prepared to offer assistance in accordance with regulator guidelines. As a result of the current economic environment caused by the COVID-19 virus, the Company is engaging in communication with borrowers to understand their situation and the challenges faced, allowing the Company to respond proactively as needs and issues arise. Should the economy experience a prolonged period of poor economic conditions or should economic conditions worsen, the Company could experience increases in its required allowance for credit losses (“ACL”) and record additional credit loss expense. It is possible that the Company’s asset quality measures could worsen at future measurement periods if the effects of COVID-19 are prolonged.

Business Combinations and Divestitures

6 Months Ended

Jun. 30, 2021

Business Combinations [Abstract]

Business Combinations and Divestitures

BUSINESS COMBINATIONS AND DIVESTITURES

HubTran Inc.

On June 1, 2021, the Company, through TriumphPay, a division of the Company's wholly-owned subsidiary TBK Bank, SSB, acquired HubTran, Inc. ("HubTran"), a cloud-based provider of automation software for the trucking industry's back-office.

A summary of the estimated fair values of assets acquired, liabilities assumed, consideration transferred, and the resulting goodwill is as follows:


(Dollars in thousands)
Assets acquired:
Cash	$	170
Intangible assets - capitalized software	16,932
Intangible assets - customer relationship	10,360
Other assets	1,546
	29,008
Liabilities assumed:
Deferred income taxes	4,703
Other liabilities	906
	5,609
Fair value of net assets acquired	$	23,399
Consideration:
Cash paid	$	97,096
Goodwill	$	73,697

The Company has recognized goodwill of $73,697,000, which was calculated as the excess of the fair value of consideration exchanged as compared to the fair value of identifiable net assets acquired and was allocated to the Company’s Payments segment. The goodwill in this acquisition resulted from expected synergies and progress in the development of a fully integrated open loop payments network for the transportation industry. The goodwill will not be deducted for tax purposes. The initial accounting for the acquisition has not been completed because the fair values of the assets acquired and liabilities assumed have not yet been finalized.

The intangible assets recognized include a capitalized software intangible asset with an acquisition date fair value of $16,932,000 which will be amortized on a straight-line basis over its four year estimated useful life and a customer relationship intangible asset with an acquisition date fair value of $10,360,000 which will be amortized utilizing an accelerated method over its eleven year estimated useful life.

Revenue and earnings of HubTran since the acquisition date have not been disclosed as the acquired company was merged into the Company and separate financial information is not readily available.

Expenses related to the acquisition, including professional fees and other transaction costs, totaling $2,992,000 were recorded in noninterest expense in the consolidated statements of income during the three months ended June 30, 2021.

Transportation Financial Solutions

On July 8, 2020, the Company, through its wholly-owned subsidiary Advance Business Capital LLC (“ABC”), acquired the transportation factoring assets (the “TFS Acquisition”) of Transport Financial Solutions (“TFS”), a wholly owned subsidiary of Covenant Logistics Group, Inc. ("CVLG"), in exchange for cash consideration of $108,375,000, 630,268 shares of the Company’s common stock valued at approximately $13,942,000, and contingent consideration of up to approximately $9,900,000 to be paid in cash following the twelve-month period ending July 31, 2021.

Subsequent to the closing of the TFS Acquisition, the Company identified that approximately $62,200,000 of the assets acquired at closing were advances against future payments to be made to three large clients (and their affiliated entities) of TFS pursuant to long-term contractual arrangements between the obligor on such contracts and such clients (and their affiliated entities) for services that had not yet been performed.

On September 23, 2020, the Company and ABC entered into an Account Management Agreement, Amendment to Purchase Agreement and Mutual Release (the “Agreement”) with CVLG and Covenant Transport Solutions, LLC, a wholly owned subsidiary of CVLG (“CTS” and, together with CVLG, "Covenant"). Pursuant to the Agreement, the parties agreed to certain amendments to that certain Accounts Receivable Purchase Agreement (the “ARPA”), dated as of July 8, 2020, by and among ABC, as buyer, CTS, as seller, and the Company, as buyer indirect parent. Such amendments include:

•Return of the portion of the purchase price paid under the ARPA consisting of 630,268 shares of Company common stock, which will be accomplished through the sale of such shares by Covenant pursuant to the terms of the Agreement and the surrender of the cash proceeds of such sale (net of brokerage or underwriting fees and commissions) to the Company;

•Elimination of the earn-out consideration potentially payable to CTS under the ARPA; and

•Modification of the indemnity provisions under the ARPA to eliminate the existing indemnifications for breaches of representations and warranties and to replace such with a newly established indemnification by Covenant in the event ABC incurs losses related to the $62,200,000 in over-formula advances made to specified clients identified in the Agreement (the “Over-Formula Advance Portfolio”). Under the terms of the new indemnification arrangement, Covenant will be responsible for and will indemnify ABC for 100% of the first $30,000,000 of any losses incurred by ABC related to the Over-Formula Advance Portfolio, and for 50% of the next $30,000,000 of any losses incurred by ABC, for total indemnification by Covenant of $45,000,000.

Covenant’s indemnification obligations under the Agreement are secured by a pledge of equipment collateral by Covenant with an estimated net orderly liquidation value of $60,000,000 (the “Equipment Collateral”). The Company’s wholly-owned bank subsidiary, TBK Bank, SSB, has provided Covenant with a $45,000,000 line of credit, also secured by the Equipment Collateral, the proceeds of which may be drawn to satisfy Covenant’s indemnification obligations under the Agreement.

Pursuant to the Agreement, Triumph and Covenant have agreed to certain terms related to the management of the Over-Formula Advance Portfolio, and the terms by which Covenant may provide assistance to maximize recovery on the Over-Formula Advance Portfolio.

Pursuant to the Agreement, the Company and Covenant have provided mutual releases to each other related to any and all claims related to the transactions contemplated by the ARPA or the Over-Formula Advance Portfolio.

The measurement period for this transaction remained open at the time the Agreement was executed, and the Company determined that there is a clear and direct link between the Agreement and the ARPA. Therefore, the terms of the Agreement were incorporated into the Company's purchase accounting which resulted in the elimination of the contingent consideration component of the ARPA, the recognition of cash due from Covenant as part of the consideration for the transaction, and an indemnification asset to reflect the modification of Covenant's indemnification obligations.

A summary of the estimated fair values of assets acquired, liabilities assumed, consideration transferred, and the resulting goodwill is as follows:


(Dollars in thousands)	Initial Values Recorded at Acquisition Date	Measurement Period Adjustments		Adjusted Values
Assets acquired:
Factored receivables	$107,524	$—		$107,524
Allowance for credit losses	(37,415)	—		(37,415)
Factored receivables, net of ACL	70,109	—		70,109
Intangible assets	3,500	—		3,500
Indemnification asset	30,959	—		30,959
Deferred income taxes	1,448	(59)		1,389
	106,016	(59)		105,957
Liabilities assumed:
Deposits	5,361	—		5,361
	5,361	—		5,361
Fair value of net assets acquired	$100,655	$	(59)	$100,596
Consideration:
Cash paid	$108,375	—		$108,375
Stock consideration	13,942	—		13,942
Cash due from seller subsequent to liquidation of stock consideration	(17,196)	—		(17,196)
Total consideration	$105,121	$—		$105,121
Goodwill	$4,466	$59		$4,525

The Company has recognized goodwill of $4,525,000, which included measurement period adjustments related to the finalization of the tax basis of Covenant’s customer intangibles and its impact on the deferred tax liability associated with these intangibles. Goodwill was calculated as the excess of the fair value of consideration exchanged as compared to the fair value of identifiable net assets acquired and was allocated to the Company’s Factoring segment. The goodwill in this acquisition resulted from expected synergies and expansion in the factoring market. The goodwill will not be deducted for tax purposes. The initial accounting for the acquisition has not been completed because the fair values of the assets acquired and liabilities assumed have not yet been finalized.

Consideration included cash due from Covenant subsequent to liquidation of the stock consideration with an acquisition date fair value of $17,196,000. The fair value of cash due from Covenant was based on the Company's stock price on the date of the Agreement, less an estimate of broker commissions and discounts. During the year ended December 31, 2020, the entirety of the acquired stock was sold by Covenant, Covenant delivered net proceeds of $28,064,000, and the Company recognized $10,868,000 of other noninterest income measured as the difference between the initial purchase accounting measurement and the amount of net proceeds delivered to the Company upon liquidation. Of the total $10,868,000 of noninterest income recognized, $2,007,000 was recognized during the three months ended September 30, 2020, and the remainder was recognized during the three months ended December 31, 2020.

The intangible assets recognized include a customer relationship intangible asset with an acquisition date fair value of $3,500,000 which will be amortized utilizing an accelerated method over its eight year estimated useful life.

The indemnification asset was measured separately from the related covered portfolio. It is not contractually embedded in the covered portfolio nor is it transferable with the covered portfolio should the Company choose to dispose of the portfolio or a portion of the portfolio. The indemnification asset was initially recorded in other assets in the Consolidated Balance Sheets at the time of the TFS Acquisition at a fair value of $30,959,000, measured as the present value of the estimated cash payments expected to be received from Covenant for probable losses on the covered Over-Formula Advance Portfolio. These cash flows were discounted at a rate to reflect the uncertainty of the timing and receipt of the payments from Covenant. The amount ultimately collected for this asset will be dependent upon the performance of the underlying covered portfolio, the passage of time, and Covenant's willingness and ability to make necessary payments. The terms of the Agreement are such that indemnification has no expiration date and the Company will continue to carry the indemnification asset until ultimate resolution of the covered portfolio. The indemnification asset is reviewed quarterly and changes to the asset are recorded as adjustments to other noninterest income, as appropriate, within the Consolidated Statements of Income. The value of the indemnification asset was $5,246,000 and $36,225,000 at June 30, 2021 and December 31, 2020, respectively.

During the three months ended March 31, 2021, new adverse developments with the largest of the three Over-Formula Advance clients caused the Company to charge-off the entire Over-Formula Advance amount due from that client. This resulted in a net charge-off of $41,265,000; however, this net charge-off had no impact on credit loss expense for the three months ended March 31, 2021 as the entire amount had been reserved in a prior period. In accordance with the Agreement reached with Covenant, Covenant reimbursed us for $35,633,000 of this charge-off by drawing on its secured line of credit which is reflected on the Company's March 31, 2021 Consolidated Balance Sheet as a current and performing equipment loan held for investment. Given separate developments with the other two Over-Formula Advance clients, the Company reserved an additional $2,895,000 reflected in credit loss expense for the three months ended March 31, 2021. The $2,895,000 increase in required ACL as well as accretion of most of the fair value discount on the indemnification asset held at December 31, 2020 resulted in a $4,654,000 gain on the indemnification asset which was recorded through non-interest income.

During the three months ended June 30, 2021, there were no material changes in the underlying credit quality of the remaining two Over-Formula Advance clients. As such, there were no charge-offs related to these balances and no adjustments were made to the corresponding ACL balances or the indemnification asset during that period. As of June 30, 2021 the remaining balance on Covenant's secured line of credit was $8,622,000 which is reflected on the Company's June 30, 2021 Consolidated Balance Sheet as a current and performing equipment loan held for investment.

The contractually required payments and the fair value at acquisition of factored receivables purchased for which there was not, at acquisition, evidence of more than insignificant deterioration of credit quality since origination (non-PCD loans) totaled $45,228,000 and $44,962,000, respectively.

Management determined that the $62,200,000 in Over-Formula Advances obtained through the TFS Acquisition had experienced more than insignificant credit deterioration since origination and thus, deemed those Over-Formula Advances to be purchased credit deteriorated ("PCD"). Other, less significant factored receivables were also considered to be PCD. The following table presents information at the acquisition date for factored receivables purchased for which there was, at acquisition, evidence of more than insignificant deterioration of credit quality since origination:


(Dollars in thousands)
Purchase price of loans at acquisition			$25,147
Allowance for credit losses at acquisition			37,415
Non-credit discount/(premium) at acquisition			941
Par value of acquired loans at acquisition			$63,503

Revenue and earnings of TFS since the acquisition date have not been disclosed as the acquired company was merged into the Company and separate financial information is not readily available.

Expenses related to the acquisition, including professional fees and other transaction costs, totaling $827,000 were recorded in noninterest expense in the consolidated statements of income during the three months ended September 30, 2020.

Triumph Premium Finance

On April 20, 2020, the Company entered into an agreement to sell the assets (the “Disposal Group”) of Triumph Premium Finance (“TPF”) and exit its premium finance line of business. The 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. The sale closed on June 30, 2020.

A summary of the carrying amount of the assets in the Disposal Group and the gain on sale is as follows:


(Dollars in thousands)
Carrying amount of assets in the disposal group:
Loans	$	84,504
Premises and equipment, net	45
Other assets	11
	84,560
Carrying amount of liabilities in the disposal group:
Other liabilities	479
Total carrying amount	$	84,081
Total consideration received	94,531
Gain on sale of division	10,450
Transaction costs	692
Gain on sale of division, net of transaction costs	$	9,758

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

Securities

6 Months Ended

Jun. 30, 2021

Investments, Debt and Equity Securities [Abstract]

Securities

SECURITIES

Equity Securities with Readily Determinable Fair Values

The Company held equity securities with fair values of $5,854,000 and $5,826,000 at June 30, 2021 and December 31, 2020, 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 June 30,				Six Months Ended June 30,
(Dollars in thousands)	2021		2020		2021		2020
Unrealized gains (losses) on equity securities held at the reporting date	$	28	$	733	$	28	$	974
Realized gains (losses) on equity securities sold during the period	—		—		—		—
	$	28	$	733	$	28	$	974

Debt Securities

Debt securities have been classified in the financial statements as available for sale or held to maturity. The following table summarizes the amortized cost, fair value, and allowance for credit losses of debt securities and the corresponding amounts of gross unrealized gains and losses of available for sale securities recognized in accumulated other comprehensive income (loss) and gross unrecognized gains and losses of held to maturity securities:


(Dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Allowance for Credit Losses		Fair Value
June 30, 2021
Available for sale securities:
U.S. Government agency obligations	$	9,985	$	39	$	—	$	—	$	10,024
Mortgage-backed securities, residential	20,249		947		(2)		—		21,194
Asset-backed securities	6,966		—		(3)		—		6,963
State and municipal	33,653		813		—		—		34,466
CLO securities	108,444		3,932		(67)		—		112,309
Corporate bonds	5,637		87		—		—		5,724
SBA pooled securities	2,829		120		(2)		—		2,947
Total available for sale securities	$	187,763	$	5,938	$	(74)	$	—	$	193,627


(Dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrecognized Losses		Fair Value
June 30, 2021
Held to maturity securities:
CLO securities	$	7,385	$	—	$	(1,763)	$	5,622
Allowance for credit losses	(1,727)
Total held to maturity securities, net of ACL	$	5,658


(Dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Allowance for Credit Losses		Fair Value
December 31, 2020
Available for sale securities:
U.S. Government agency obligations	$	14,942	$	146	$	—	$	—	$	15,088
Mortgage-backed securities, residential	26,547		1,139		(2)		—		27,684
Asset-backed securities	7,091		—		(52)		—		7,039
State and municipal	36,238		1,157		—		—		37,395
CLO Securities	118,128		4,335		(259)		—		122,204
Corporate bonds	11,373		205		(5)		—		11,573
SBA pooled securities	3,200		133		(6)		—		3,327
Total available for sale securities	$	217,519	$	7,115	$	(324)	$	—	$	224,310


(Dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrecognized Losses		Fair Value
December 31, 2020
Held to maturity securities:
CLO securities	$	7,945	$	—	$	(2,095)	$	5,850
Allowance for credit losses	(2,026)
Total held to maturity securities, net of ACL	$	5,919

The amortized cost and estimated fair value of securities at June 30, 2021, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.


	Available for Sale Securities				Held to Maturity Securities
(Dollars in thousands)	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Due in one year or less	$	22,769	$	22,909	$	—	$	—
Due from one year to five years	4,590		4,698		—		—
Due from five years to ten years	61,852		64,276		7,385		5,622
Due after ten years	68,508		70,640		—		—
	157,719		162,523		7,385		5,622
Mortgage-backed securities, residential	20,249		21,194		—		—
Asset-backed securities	6,966		6,963		—		—
SBA pooled securities	2,829		2,947		—		—
	$	187,763	$	193,627	$	7,385	$	5,622

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


	Three Months Ended June 30,				Six Months Ended June 30,
(Dollars in thousands)	2021		2020		2021		2020
Proceeds	$	—	$	—	$	—	$	—
Gross gains	—		—		—		—
Gross losses	—		—		—		—
Net gains and losses from calls of securities	1		63		1		101

Debt securities with a carrying amount of approximately $90,160,000 and $73,056,000 at June 30, 2021 and December 31, 2020, respectively, were pledged to secure public deposits, customer repurchase agreements, and for other purposes required or permitted by law.

Accrued interest on available for sale securities totaled $1,063,000 and $1,233,000 at June 30, 2021 and December 31, 2020, respectively, and was included in other assets in the consolidated balance sheets. There was no accrued interest related to debt securities reversed against interest income for the three and six months ended June 30, 2021 and 2020.

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 Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
June 30, 2021
Available for sale securities:
U.S. Government agency obligations	$	—	$	—	$	—	$	—	$	—	$	—
Mortgage-backed securities, residential	9		—		132		(2)		141		(2)
Asset-backed securities	—		—		6,963		(3)		6,963		(3)
State and municipal	5,000		—		—		—		5,000		—
CLO securities	3,503		(2)		28,658		(65)		32,161		(67)
Corporate bonds	—		—		150		—		150		—
SBA pooled securities	—		—		480		(2)		480		(2)
	$	8,512	$	(2)	$	36,383	$	(72)	$	44,895	$	(74)


	Less than 12 Months				12 Months or More				Total
(Dollars in thousands)	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
December 31, 2020
Available for sale securities:
U.S. Government agency obligations	$	—	$	—	$	—	$	—	$	—	$	—
Mortgage-backed securities, residential	100		(1)		215		(1)		315		(2)
Asset-backed securities	129		—		6,911		(52)		7,040		(52)
State and municipal	—		—		—		—		—		—
CLO Securities	12,083		(93)		29,785		(166)		41,868		(259)
Corporate bonds	498		(5)		150		—		648		(5)
SBA pooled securities	889		(6)		29		—		918		(6)
	$	13,699	$	(105)	$	37,090	$	(219)	$	50,789	$	(324)

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

At June 30, 2021, the Company had 35 available for sale debt securities in an unrealized loss position without an allowance for credit losses. Management does not have the intent to sell any of these securities and believes that it is more likely than not that the Company will not have to sell any such securities before a recovery of cost. The fair value is expected to recover as the securities approach their maturity date or repricing date or if market yields for such investments decline. Accordingly, as of June 30, 2021, management believes that the unrealized losses detailed in the previous table are due to noncredit-related factors, including changes in interest rates and other market conditions, and therefore no losses have been recognized in the Company’s consolidated statements of income.

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


(Dollars in thousands)	Three Months Ended June 30,				Six Months Ended June 30,
Held to Maturity CLO Securities	2021		2020		2021		2020
Allowance for credit losses:
Beginning balance	$	1,859	$	126	$	2,026	$	—
Impact of adopting ASC 326	—		—		—		126
Credit loss expense	(132)		1,729		(299)		1,729
Allowance for credit losses ending balance	$	1,727	$	1,855	$	1,727	$	1,855

The Company’s held to maturity securities are investments in the unrated subordinated notes of collateralized loan obligation funds. These securities are the junior-most in securitization capital structures, and are subject to suspension of distributions if the credit of the underlying loan portfolios deteriorates materially. The ACL on held to maturity securities is estimated at each measurement date on a collective basis by major security type. At June 30, 2021 and December 31, 2020, the Company’s held to maturity securities consisted of three investments in the subordinated notes of collateralized loan obligation (“CLO”) funds. Expected credit losses for these securities are estimated using a discounted cash flow methodology which considers historical credit loss information that is adjusted for current conditions and reasonable and supportable forecasts. Ultimately, the realized cash flows on CLO securities such as these will be driven by a variety of factors, including credit performance of the underlying loan portfolio, adjustments to the portfolio by the asset manager, and the timing of a potential call. As of June 30, 2021, $4,561,000 of the Company’s held to maturity securities were classified as nonaccrual.

Loans and Allowance for Credit Losses

6 Months Ended

Jun. 30, 2021

Loans and Leases Receivable Disclosure [Abstract]

Loans and Allowance for Credit Losses

LOANS AND ALLOWANCE FOR CREDIT LOSSES

Loans Held for Sale

The following table presents loans held for sale:


(Dollars in thousands)	June 30, 2021		December 31, 2020
Commercial real estate	$	19,522	$	—
1-4 family residential	1,063		6,319
Commercial	10,551		18,227
Total loans held for sale	$	31,136	$	24,546

Loans Held for Investment

Loans

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


	June 30, 2021						December 31, 2020
(Dollars in thousands)	Amortized Cost		Unpaid Principal		Difference		Amortized Cost		Unpaid Principal		Difference
Commercial real estate	$	701,576	$	703,989	$	(2,413)	$	779,158	$	782,614	$	(3,456)
Construction, land development, land	185,444		185,652		(208)		219,647		220,021		(374)
1-4 family residential	135,288		135,730		(442)		157,147		157,731		(584)
Farmland	91,122		91,768		(646)		103,685		104,522		(837)
Commercial	1,453,583		1,469,743		(16,160)		1,562,957		1,579,841		(16,884)
Factored receivables	1,398,299		1,399,598		(1,299)		1,120,770		1,122,008		(1,238)
Consumer	12,389		12,404		(15)		15,838		15,863		(25)
Mortgage warehouse	853,514		853,514		—		1,037,574		1,037,574		—
Total loans held for investment	4,831,215		$	4,852,398	$	(21,183)	4,996,776		$	5,020,174	$	(23,398)
Allowance for credit losses	(45,694)						(95,739)
	$	4,785,521					$	4,901,037

The difference between the amortized cost and the unpaid principal is primarily (1) premiums and discounts associated with acquired loans totaling $14,333,000 and $18,511,000 at June 30, 2021 and December 31, 2020, respectively, and (2) net deferred origination and factoring fees totaling $6,850,000 and $4,887,000 at June 30, 2021 and December 31, 2020, respectively.

Accrued interest on loans, which is excluded from the amortized cost of loans held for investment, totaled $16,448,000 and $18,198,000 at June 30, 2021 and December 31, 2020, respectively, and was included in other assets in the consolidated balance sheets.

At June 30, 2021 and December 31, 2020, the Company had $149,583,000 and $145,892,000, respectively, of customer reserves associated with factored receivables. These amounts represent customer reserves held to settle any payment disputes or collection shortfalls, may be used to pay customers’ obligations to various third parties as directed by the customer, are periodically released to or withdrawn by customers, and are reported as deposits in the consolidated balance sheets.

At June 30, 2021 and December 31, 2020 the balance of the Over-Formula Advance Portfolio included in factored receivables was $10,077,000 and $62,100,000, respectively.

As of June 30, 2021 the Company carried a separate $19,361,000 receivable (the “Misdirected Payments”) payable by the United States Postal Service (“USPS”) arising from accounts factored to the largest Over-Formula Advance Portfolio carrier. This amount is included in factored receivables and is separate from the aforementioned Over-Formula Advance Portfolio. The amounts represented by this receivable were paid by the USPS directly to such customer in contravention of notices of assignment delivered to, and previously honored by, the USPS, which amount was then not remitted back to the Company by such customer as required. The USPS disputes their obligation to make such payment, citing purported deficiencies in the notices delivered to them. In addition to commencing litigation against such customer, the Company has also filed a declaratory judgment action in Federal District Court for the Southern District of Florida seeking a ruling that the USPS was obligated to make the payments represented by this receivable directly to the Company. Based on a legal analysis and discussions with the counsel advising the Company on this matter, the Company believes it is probable that it will prevail in such action and that the USPS will have the capacity to make payment on such receivable. Consequently, the Company has not reserved for such balance as of June 30, 2021.

Loans with carrying amounts of $2,716,651,000 and $2,255,441,000 at June 30, 2021 and December 31, 2020, respectively, were pledged to secure Federal Home Loan Bank borrowing capacity, Paycheck Protection Program Liquidity Facility borrowings and Federal Reserve Bank discount window borrowing capacity.

During the three and six months ended June 30, 2021, loans with carrying amounts of $37,196,000 and $64,603,000, respectively, 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 and six months ended June 30, 2021, loans transferred to held for sale were sold resulting in proceeds of $25,176,000 and $45,582,000, respectively. The Company recorded net gains on transfers and sales of loans of $413,000 and $1,466,000, respectively, for the three and six months ended June 30, 2021, which are recorded as other noninterest income in the consolidated statements of income.

During the three and six months ended June 30, 2020, loans with a carrying amount of $84,693,000 and $115,631,000, respectively, 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 and six months ended June 30, 2020, loans transferred to held for sale were sold resulting in proceeds of $55,904,000 and $87,200,000, respectively. The Company recorded a net loss on transfers and sales of loans of $545,000 for the three months ended June 30, 2020 and a net gain on transfers and sales of loans of $49,000 for the six months ended June 30, 2020.

Allowance for Credit Losses

The Company’s estimate of the ACL reflects losses expected over the remaining contractual life of the assets. The contractual term does not consider extensions, renewals or modifications unless the Company has identified an expected troubled debt restructuring. The activity in the allowance for credit losses (“ACL”) related to loans held for investment is as follows:


(Dollars in thousands)	Beginning Balance		Credit Loss Expense		Charge-offs		Recoveries		Ending Balance
Three months ended June 30, 2021
Commercial real estate	$	6,823	$	(2,422)	$	—	$	3	$	4,404
Construction, land development, land	1,670		(181)		—		1		1,490
1-4 family residential	631		(62)		(25)		1		545
Farmland	699		(30)		—		—		669
Commercial	17,158		(1,678)		(8)		202		15,674
Factored receivables	19,716		2,643		(583)		47		21,823
Consumer	296		(59)		(90)		89		236
Mortgage warehouse	1,031		(178)		—		—		853
	$	48,024	$	(1,967)	$	(706)	$	343	$	45,694


(Dollars in thousands)	Beginning Balance		Credit Loss Expense		Charge-offs		Recoveries		Ending Balance
Three months ended June 30, 2020
Commercial real estate	$	11,753	$	3,780	$	—	$	6	$	15,539
Construction, land development, land	3,179		2,737		—		1		5,917
1-4 family residential	1,087		935		—		5		2,027
Farmland	1,021		(143)		—		80		958
Commercial	20,145		3,427		(339)		50		23,283
Factored receivables	6,134		(47)		(860)		17		5,244
Consumer	674		142		(89)		41		768
Mortgage warehouse	739		138		—		—		877
	$	44,732	$	10,969	$	(1,288)	$	200	$	54,613


(Dollars in thousands)	Beginning Balance		Credit Loss Expense		Charge-offs		Recoveries		Ending Balance
Six Months Ended June 30, 2021
Commercial real estate	$	10,182	$	(5,786)	$	—	$	8	$	4,404
Construction, land development, land	3,418		(1,918)		(12)		2		1,490
1-4 family residential	1,225		(740)		(25)		85		545
Farmland	832		(163)		—		—		669
Commercial	22,040		(6,749)		(281)		664		15,674
Factored receivables	56,463		7,361		(42,086)		85		21,823
Consumer	542		(252)		(169)		115		236
Mortgage warehouse	1,037		(184)		—		—		853
	$	95,739	$	(8,431)	$	(42,573)	$	959	$	45,694


(Dollars in thousands)	Beginning Balance		Impact of Adopting ASC 326		Credit Loss Expense		Charge-offs		Recoveries		Reclassification to Held For Sale		Ending Balance
Six months ended June 30, 2020
Commercial real estate	$	5,353	$	1,372	$	8,807	$	—	$	7	$	—	$	15,539
Construction, land development, land	1,382		(187)		4,720		—		2		—		5,917
1-4 family residential	308		513		1,194		(21)		33		—		2,027
Farmland	670		437		(229)		—		80		—		958
Commercial	12,566		(184)		11,660		(645)		335		(449)		23,283
Factored receivables	7,657		(1,630)		1,416		(2,254)		55		—		5,244
Consumer	488		(52)		553		(293)		72		—		768
Mortgage warehouse	668		—		209		—		—		—		877
	$	29,092	$	269	$	28,330	$	(3,213)	$	584	$	(449)	$	54,613

The ACL was estimated using the current expected credit loss model. The primary reasons for the decrease in required ACL during the six months ended June 30, 2021 are net charge-offs on PCD Over-Formula Advances (classified as factored receivables) and improvement of the loss drivers that the Company forecasts to calculate expected losses during the period.

The primary reason for the decrease in required ACL during the three months ended June 30, 2021 is improvement in the forecasted loss drivers.

Management determined that the $62,200,000 in Over-Formula Advances obtained through the TFS Acquisition during 2020 had experienced more than insignificant credit deterioration since origination and thus deemed those Over-Formula Advances to be purchased credit deteriorated ("PCD"). The total remaining ACL on all acquired PCD Over-Formula Advances was approximately $10,077,000 at June 30, 2021 compared to $48,485,000 at December 31, 2020. The primary driver of the decrease in required ACL during the six months ended June 30, 2021 was a net charge-off of $41,265,000 due from the largest acquired Over-Formula Advance client. This was partially offset by an additional $2,895,000 million of reserve required across the two remaining Over-Formula Advance clients. As of June 30, 2021, the entire remaining acquired PCD Over-Formula Advance balance was fully reserved. See Note 2 – Business Combinations and Divestitures for further discussion of Over-Formula Advance activity.

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

For all DCF models at June 30, 2021, the Company has determined that four quarters represents a reasonable and supportable forecast period and reverts back to a historical loss rate over eight quarters on a straight-line basis. The Company leverages economic projections from 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 June 30, 2021, as compared to December 31, 2020, the Company forecasted a significant decrease in national unemployment, significant increase in one-year percentage change in national retail sales, significant increase in one-year percentage change in the national home price index, and a significant increase in one-year percentage change in national gross domestic product. For percentage changes in national retail sales, national home price index and national gross domestic product, the Company projected significant growth in the first two projected quarters followed by percentage change growth for the last two projected quarters resembling something closer to pre-COVID-19 levels. Projected unemployment rates used by the Company are relatively stable over the four projected quarters at levels somewhat higher than pre-COVID-19 conditions.

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

For the six months ended June 30, 2021, in addition to the impact of changes to the ACL on acquired PCD Over-Formula Advances previously discussed, changes in projected loss drivers and assumptions over the reasonable and supportable forecast period decreased the required ACL by $10,142,000. Further, the Company experienced a net reserve release of specific reserves on non-PCD loans. Changes in loan volume and mix during the six months ended June 30, 2021 also decreased the ACL during the period. Non-PCD-related charge-offs had an insignificant impact on the change in required ACL during the six months ended June 30, 2021.

For the three months ended June 30, 2021, changes in projected loss drivers and assumptions over the reasonable and supportable forecast period decreased the required ACL by $1,847,000. Changes in loan volume and mix during the three months ended June 30, 2021 also decreased the ACL during the period. These decreases were partially offset by an increase in net new specific reserves. Charge-offs had an insignificant impact on the change in required ACL during the three months ended June 30, 2021.

The following table presents the amortized cost basis of collateral dependent loans, which are individually evaluated to determine expected credit losses, and the related ACL allocated to these loans:


(Dollars in thousands)	Real Estate		Accounts Receivable		Equipment		Other		Total		ACL Allocation
June 30, 2021
Commercial real estate	$	4,763	$	—	$	—	$	574	$	5,337	$	267
Construction, land development, land	2,214		—		—		—		2,214		250
1-4 family residential	1,515		—		—		118		1,633		38
Farmland	2,035		—		135		—		2,170		—
Commercial	2,240		—		5,277		5,695		13,212		3,135
Factored receivables	—		44,919		—		—		44,919		14,830
Consumer	—		—		—		176		176		—
Mortgage warehouse	—		—		—		—		—		—
Total	$	12,767	$	44,919	$	5,412	$	6,563	$	69,661	$	18,520

At June 30, 2021 the balance of the Over-Formula Advance Portfolio included in factored receivables $10,077,000 and was fully reserved. At June 30, 2021 the balance of Misdirected Payments included in factored receivables was $19,361,000 and carried no ACL allocation.


(Dollars in thousands)	Real Estate		Accounts Receivable		Equipment		Other		Total		ACL Allocation
December 31, 2020
Commercial real estate	$	12,454	$	—	$	—	$	162	$	12,616	$	1,334
Construction, land development, land	2,317		—		—		—		2,317		271
1-4 family residential	1,948		—		—		248		2,196		34
Farmland	2,189		—		143		198		2,530		—
Commercial	1,813		—		5,842		9,352		17,007		5,163
Factored receivables	—		92,437		—		—		92,437		51,371
Consumer	—		—		—		253		253		37
Mortgage warehouse	—		—		—		—		—		—
Total	$	20,721	$	92,437	$	5,985	$	10,213	$	129,356	$	58,210

At December 31, 2020 the balance of the Over-Formula Advance Portfolio included in factored receivables was $62,100,000 and carried an ACL allocation of $48,485,000. At December 31, 2020 the balance of Misdirected Payments included in factored receivables was $19,600,000 and carried no ACL allocation.

Past Due and Nonaccrual Loans

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


(Dollars in thousands)	Past Due 30-59 Days		Past Due 60-90 Days		Past Due 90 Days or More		Total Past Due		Current		Total		Past Due 90 Days or More and Accruing
June 30, 2021
Commercial real estate	$	551	$	138	$	1,218	$	1,907	$	699,669	$	701,576	$	—
Construction, land development, land	—		977		1,205		2,182		183,262		185,444		—
1-4 family residential	492		628		753		1,873		133,415		135,288		—
Farmland	149		151		398		698		90,424		91,122		—
Commercial	2,038		9,370		4,561		15,969		1,437,614		1,453,583		—
Factored receivables	39,715		10,610		37,036		87,361		1,310,938		1,398,299		37,036
Consumer	260		114		5		379		12,010		12,389		—
Mortgage warehouse	—		—		—		—		853,514		853,514		—
Total	$	43,205	$	21,988	$	45,176	$	110,369	$	4,720,846	$	4,831,215	$	37,036


(Dollars in thousands)	Past Due 30-59 Days		Past Due 60-90 Days		Past Due 90 Days or More		Total Past Due		Current		Total		Past Due 90 Days or More and Accruing
December 31, 2020
Commercial real estate	$	1,512	$	147	$	7,623	$	9,282	$	769,876	$	779,158	$	—
Construction, land development, land	185		1,001		323		1,509		218,138		219,647		22
1-4 family residential	1,978		448		952		3,378		153,769		157,147		—
Farmland	407		1,000		300		1,707		101,978		103,685		—
Commercial	2,084		1,765		5,770		9,619		1,553,338		1,562,957		35
Factored receivables	33,377		28,506		72,717		134,600		986,170		1,120,770		72,717
Consumer	385		116		81		582		15,256		15,838		—
Mortgage warehouse	—		—		—		—		1,037,574		1,037,574		—
Total	$	39,928	$	32,983	$	87,766	$	160,677	$	4,836,099	$	4,996,776	$	72,774

At June 30, 2021 and December 31, 2020, total past due Over-Formula Advances recorded in factored receivables was $10,077,000 and $62,100,000, respectively, all of which was considered past due 90 days or more. Aging of the Over-Formula Advances is based upon the service month on which the advances were made by TFS prior to acquisition. At June 30, 2021 and December 31, 2020, the Misdirected Payments totaled $19,361,000 and $19,600,000, respectively. At June 30, 2021, the entire $19,361,000 balance of the Misdirected Payments was considered past due 90 days or more, and at December 31, 2020 approximately $6,000,000 was considered past due 90 days or more. Given the nature of factored receivables, these assets are disclosed as past due 90 days or more still accruing; however, the Company is not recognizing income on the assets at June 30, 2021. Historically, any income recognized on factored receivables that are past due 90 days or more has not been material.

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


	June 30, 2021				December 31, 2020
(Dollars in thousands)	Nonaccrual		Nonaccrual With No ACL		Nonaccrual		Nonaccrual With No ACL
Commercial real estate	$	3,749	$	3,045	$	9,945	$	3,461
Construction, land development, land	2,191		1,194		2,294		1,199
1-4 family residential	1,516		1,442		1,848		1,651
Farmland	2,170		2,170		2,531		2,531
Commercial	13,158		6,800		17,202		4,891
Factored receivables	—		—		—		—
Consumer	176		176		253		188
Mortgage warehouse	—		—		—		—
	$	22,960	$	14,827	$	34,073	$	13,921

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


	Three Months Ended June 30,				Six Months Ended June 30,
(Dollars in thousands)	2021		2020		2021		2020
Commercial real estate	$	8	$	2	$	8	$	64
Construction, land development, land	—		—		—		—
1-4 family residential	—		2		1		10
Farmland	—		—		6		—
Commercial	20		23		23		39
Factored receivables	—		—		—		—
Consumer	—		—		—		2
Mortgage warehouse	—		—		—		—
	$	28	$	27	$	38	$	115

There was no interest earned on nonaccrual loans during the three and six months ended June 30, 2021 and 2020.

The following table presents information regarding nonperforming loans:


(Dollars in thousands)	June 30, 2021		December 31, 2020
Nonaccrual loans(1)	$	22,960	$	34,073
Factored receivables greater than 90 days past due	26,959		13,927
Other nonperforming factored receivables(2)	1,454		10,029
Troubled debt restructurings accruing interest	17		3
	$	51,390	$	58,032

(1)Includes troubled debt restructurings of $6,068,000 and $13,321,000 at June 30, 2021 and December 31, 2020, respectively.

(2)Other nonperforming factored receivables represent the portion of the Over-Formula Advance Portfolio that is not covered by Covenant's indemnification. This amount is also considered Classified from a risk rating perspective.

Credit Quality Information

The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt, including: current collateral and financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company analyzes loans individually by classifying the loans as to credit risk on a regular basis. Large groups of smaller balance homogeneous loans, such as consumer loans, are analyzed primarily based on payment status. The Company uses the following definitions for risk ratings:

Pass – Pass rated loans have low to average risk and are not otherwise classified.

Classified – Classified loans are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the repayment of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Certain classified loans have the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable.

Management considers the guidance in ASC 310-20 when determining whether a modification, extension, or renewal of loan constitutes a current period origination. Generally, current period renewals of credit are re-underwritten at the point of renewal and considered current period originations for purposes of the table below. As of June 30, 2021 and December 31, 2020, based on the most recent analysis performed, the risk category of loans is as follows:


													Revolving Loans		Revolving Loans Converted To Term Loans		Total
(Dollars in thousands)	Year of Origination
June 30, 2021	2021		2020		2019		2018		2017		Prior
Commercial real estate
Pass	$	136,320	$	332,972	$	50,755	$	37,062	$	58,315	$	52,074	$	27,480	$	—	$	694,978
Classified	1,223		4,781		42		169		113		270		—		—		6,598
Total commercial real estate	$	137,543	$	337,753	$	50,797	$	37,231	$	58,428	$	52,344	$	27,480	$	—	$	701,576

Construction, land development, land
Pass	$	45,283	$	90,760	$	12,464	$	32,148	$	1,362	$	1,202	$	11	$	—	$	183,230
Classified	23		1,984		—		—		—		207		—		—		2,214
Total construction, land development, land	$	45,306	$	92,744	$	12,464	$	32,148	$	1,362	$	1,409	$	11	$	—	$	185,444

1-4 family residential
Pass	$	16,196	$	24,606	$	11,061	$	7,913	$	10,891	$	28,444	$	33,652	$	879	$	133,642
Classified	198		412		—		9		8		937		82		—		1,646
Total 1-4 family residential	$	16,394	$	25,018	$	11,061	$	7,922	$	10,899	$	29,381	$	33,734	$	879	$	135,288

Farmland
Pass	$	7,013	$	14,678	$	12,559	$	12,891	$	11,706	$	28,252	$	942	$	135	$	88,176
Classified	720		524		742		369		128		306		157		—		2,946
Total farmland	$	7,733	$	15,202	$	13,301	$	13,260	$	11,834	$	28,558	$	1,099	$	135	$	91,122

Commercial
Pass	$	297,395	$	557,276	$	108,433	$	32,206	$	21,412	$	8,605	$	392,450	$	560	$	1,418,337
Classified	989		11,053		14,330		603		170		470		7,631		—		35,246
Total commercial	$	298,384	$	568,329	$	122,763	$	32,809	$	21,582	$	9,075	$	400,081	$	560	$	1,453,583

Factored receivables
Pass	$	1,364,310	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	1,364,310
Classified	9,779		24,210		—		—		—		—		—		—		33,989
Total factored receivables	$	1,374,089	$	24,210	$	—	$	—	$	—	$	—	$	—	$	—	$	1,398,299

Consumer
Pass	$	1,244	$	3,257	$	1,040	$	864	$	3,127	$	2,615	$	66	$	—	$	12,213
Classified	—		—		—		2		65		109		—		—		176
Total consumer	$	1,244	$	3,257	$	1,040	$	866	$	3,192	$	2,724	$	66	$	—	$	12,389

Mortgage warehouse
Pass	$	853,514	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	853,514
Classified	—		—		—		—		—		—		—		—		—
Total mortgage warehouse	$	853,514	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	853,514

Total loans
Pass	$	2,721,275	$	1,023,549	$	196,312	$	123,084	$	106,813	$	121,192	$	454,601	$	1,574	$	4,748,400
Classified	12,932		42,964		15,114		1,152		484		2,299		7,870		—		82,815
Total loans	$	2,734,207	$	1,066,513	$	211,426	$	124,236	$	107,297	$	123,491	$	462,471	$	1,574	$	4,831,215


													Revolving Loans		Revolving Loans Converted To Term Loans		Total
(Dollars in thousands)	Year of Origination
December 31, 2020	2020		2019		2018		2017		2016		Prior
Commercial real estate
Pass	$	271,406	$	94,085	$	62,075	$	49,115	$	27,921	$	230,731	$	27,666	$	908	$	763,907
Classified	10,298		2,239		133		1,367		664		550		—		—		15,251
Total commercial real estate	$	281,704	$	96,324	$	62,208	$	50,482	$	28,585	$	231,281	$	27,666	$	908	$	779,158

Construction, land development, land
Pass	$	72,149	$	12,490	$	11,829	$	5,820	$	8,946	$	105,584	$	12	$	500	$	217,330
Classified	2,031		34		—		—		—		252		—		—		2,317
Total construction, land development, land	$	74,180	$	12,524	$	11,829	$	5,820	$	8,946	$	105,836	$	12	$	500	$	219,647

1-4 family residential
Pass	$	58,300	$	11,280	$	11,425	$	8,982	$	4,400	$	20,167	$	35,326	$	5,320	$	155,200
Classified	1,473		149		137		23		11		49		105		—		1,947
Total 1-4 family residential	$	59,773	$	11,429	$	11,562	$	9,005	$	4,411	$	20,216	$	35,431	$	5,320	$	157,147

Farmland
Pass	$	37,212	$	10,095	$	7,388	$	15,262	$	7,908	$	20,572	$	1,421	$	486	$	100,344
Classified	994		407		403		—		22		590		925		—		3,341
Total farmland	$	38,206	$	10,502	$	7,791	$	15,262	$	7,930	$	21,162	$	2,346	$	486	$	103,685

Commercial
Pass	$	470,477	$	162,203	$	127,569	$	94,154	$	70,405	$	181,312	$	416,197	$	11,396	$	1,533,713
Classified	8,128		2,390		983		190		4,470		2,787		10,296		—		29,244
Total commercial	$	478,605	$	164,593	$	128,552	$	94,344	$	74,875	$	184,099	$	426,493	$	11,396	$	1,562,957

Factored receivables
Pass	$	1,081,316	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	1,081,316
Classified	39,454		—		—		—		—		—		—		—		39,454
Total factored receivables	$	1,120,770	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	1,120,770

Consumer
Pass	$	8,382	$	2,251	$	1,336	$	1,258	$	688	$	1,594	$	74	$	—	$	15,583
Classified	146		28		18		36		11		16		—		—		255
Total consumer	$	8,528	$	2,279	$	1,354	$	1,294	$	699	$	1,610	$	74	$	—	$	15,838

Mortgage warehouse
Pass	$	1,037,574	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	1,037,574
Classified	—		—		—		—		—		—		—		—		—
Total mortgage warehouse	$	1,037,574	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	1,037,574

Total loans
Pass	$	3,036,816	$	292,404	$	221,622	$	174,591	$	120,268	$	559,960	$	480,696	$	18,610	$	4,904,967
Classified	62,524		5,247		1,674		1,616		5,178		4,244		11,326		—		91,809
Total loans	$	3,099,340	$	297,651	$	223,296	$	176,207	$	125,446	$	564,204	$	492,022	$	18,610	$	4,996,776

Troubled Debt Restructurings and Loan Modifications

The Company had troubled debt restructurings with an amortized cost of $6,085,000 and $13,324,000 as of June 30, 2021 and December 31, 2020, respectively. The Company had allocated $1,540,000 and $2,469,000 of allowance for those loans at June 30, 2021 and December 31, 2020, respectively, and had not committed to lend additional amounts.

The following table presents the pre- and post-modification recorded investment of loans modified as troubled debt restructurings during the three and six months ended June 30, 2021 and 2020. The Company did not grant principal reductions on any restructured loans.


(Dollars in thousands)	Extended Amortization Period		Payment Deferrals		Protective Advances		Total Modifications		Number of Loans






Six months ended June 30, 2021
Commercial real estate	$	—	$	—	$	741	$	741	1





Three months ended June 30, 2020
Commercial real estate	$	—	$	246	$	—	$	246	2
Commercial	44		—		—		44		2
	$	44	$	246	$	—	$	290	4

Six months ended June 30, 2020
Commercial real estate	$	—	$	246	$	—	$	246	2
Construction, land development, land	$	8	$	—	$	—	$	8	1
Farmland	3,486		—		—		3,486		1
Commercial	4,591		5,793		—		10,384		5
	$	8,085	$	6,039	$	—	$	14,124	9

There were no loans modified as troubled debt restructurings during the three months ended June 30, 2021.

During the six months ended June 30, 2021, the Company had four loans modified as troubled debt restructurings with a recorded investment of $670,000 for which there were payment defaults within twelve months following the modification. During the six months ended June 30, 2020, the Company had three loans modified as troubled debt restructurings with a recorded investment of $498,000 for which there were payment defaults within twelve months following the modification. Default is determined at 90 or more days past due, upon charge-off, or upon foreclosure.

The following table summarizes the balance of loans modified for borrowers impacted by the COVID-19 pandemic.


	Three Months Ended June 30,		Six Months Ended June 30,
(Dollars in thousands)	2021	2020	2021	2020
Total modifications	—	576,604	10,459	605,351

These modifications primarily consisted of payment deferrals to assist customers. As these modifications related to the COVID-19 pandemic and qualify under the provisions of either Section 4013 of the CARES act or Interagency Guidance, they are not considered troubled debt restructurings. The following table summarized the amortized cost of loans with payments currently in deferral and the accrued interest related to the loans with payments in deferral at June 30, 2021 and December 31, 2020:


(Dollars in thousands)	Total Loans		Balance of Loans Currently in Deferral		Percentage of Portfolio		Accrued Interest Receivable

June 30, 2021
Commercial real estate	$	701,576	$	51,568	7.4	%	$	176
Construction, land development, land	185,444		1,320		0.7	%	20
1-4 family residential	135,288		491		0.4	%	11
Farmland	91,122		—		—	%	—
Commercial	1,453,583		272		—	%	1
Factored receivables	1,398,299		—		—	%	—
Consumer	12,389		—		—	%	—
Mortgage warehouse	853,514		—		—	%	—
Total	$	4,831,215	$	53,651	1.1	%	$	208


(Dollars in thousands)	Total Loans		Balance of Loans Currently in Deferral		Percentage of Portfolio		Accrued Interest Receivable

December 31, 2020
Commercial real estate	$	779,158	$	69,980	9.0	%	$	357
Construction, land development, land	219,647		18,821		8.6	%	183
1-4 family residential	157,147		1,129		0.7	%	15
Farmland	103,685		—		—	%	—
Commercial	1,562,957		14,561		0.9	%	166
Factored receivables	1,120,770		—		—	%	—
Consumer	15,838		106		0.7	%	5
Mortgage warehouse	1,037,574		—		—	%	—
Total	$	4,996,776	$	104,597	2.1	%	$	726

Residential Real Estate Loans In Process of Foreclosure

At June 30, 2021 and December 31, 2020, the Company had $327,000 and $251,000, respectively, in 1-4 family residential real estate loans for which formal foreclosure proceedings were in process.

Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

GOODWILL AND INTANGIBLE ASSETS

Goodwill and intangible assets consist of the following:


(Dollars in thousands)	June 30, 2021		December 31, 2020
Goodwill	$	236,965	$	163,209


	June 30, 2021						December 31, 2020
(Dollars in thousands)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Core deposit intangibles	$	43,578	$	(29,694)	$	13,884	$	43,578	$	(27,436)	$	16,142
Software intangible assets	16,932		(353)		16,579		—		—		—
Other intangible assets	29,560		(10,421)		19,139		19,200		(8,629)		10,571
	$	90,070	$	(40,468)	$	49,602	$	62,778	$	(36,065)	$	26,713

The changes in goodwill and intangible assets during the three and six months ended June 30, 2021 and 2020 are as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
(Dollars in thousands)	2021		2020		2021		2020
Beginning balance	$	188,006	$	188,208	$	189,922	$	190,286
Acquired goodwill	73,697		—		73,697		—
Acquired intangible assets	27,292		—		27,292		—
Acquired goodwill - measurement period adjustment	—		—		59
Amortization of intangibles	(2,428)		(2,046)		(4,403)		(4,124)
Ending balance	$	286,567	$	186,162	$	286,567	$	186,162

Derivative Financial Instruments

6 Months Ended

Jun. 30, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Financial Instruments

DERIVATIVE FINANCIAL INSTRUMENTS

The Company is exposed to certain risk arising from both its business operations and economic conditions. The Company principally manages its exposures to a wide variety of business and operational risks through management of its core business activities. The Company manages economic risks, including interest rate, liquidity, and credit risk primarily by managing the amount, sources, and duration of its assets and liabilities and the use of derivative financial instruments. Specifically, the Company enters into derivative financial instruments to manage exposures that arise from business activities that result in the receipt or payment of future known and uncertain cash amounts, the value of which are determined by interest rates. The Company’s derivative financial instruments are used to manage differences in the amount, timing, and duration of the Company’s known or expected cash receipts and its known or expected cash payments principally related to the Company’s interest bearing deposits.

The Company’s objectives in using interest rate derivatives are to add stability to interest expense and to manage its exposure to interest rate movements. To accomplish this objective, the Company primarily uses interest rate swaps as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. Beginning in June 2020, such derivatives were used to hedge the variable cash flows associated with interest bearing deposits.

For derivatives designated and that qualify as cash flow hedges of interest rate risk, the gain or loss on the derivative is recorded in Accumulated Other Comprehensive Income and subsequently reclassified into interest expense in the same period(s) during which the hedged transaction affects earnings. Amounts reported in accumulated other comprehensive income related to derivatives will be reclassified to interest expense as interest payments are made on the Company’s variable-rate interest bearing deposits. During 2021, the Company estimates that an additional $38,000 will be reclassified as an increase in interest expense.

The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the Balance Sheet:

Derivative Assets

As of June 30, 2021

As of December 31, 2020

(Dollars in thousands)

Notional
Amount

Balance
Sheet Location

Fair Value
Total

Notional
Amount

Balance
Sheet Location

Fair Value
Total

Derivatives designated as hedging instruments:

Interest rate swaps

200,000

Other Assets

3,939

200,000

Other Assets

816

The table below presents the effect of fair value and cash flow hedge accounting on Accumulated Other Comprehensive Income, net of tax:


	Amount of Gain or (Loss) Recognized in OCI on Derivative		Amount of Gain or (Loss) Recognized in OCI Included Component		Location of Gain or (Loss) Recognized from AOCI into Income	Amount of Gain or (Loss) Reclassified from AOCI into Income		Amount of Gain or (Loss) Reclassified from AOCI into Income Included Component
(Dollars in thousands)
Three Months Ended June 30, 2021
Derivatives in cash flow hedging relationships:
Interest rate swaps	$	(429)	$	(429)	Interest Expense	$	29	$	29

Three Months Ended June 30, 2020
Derivatives in cash flow hedging relationships:
Interest rate swaps	$	(246)	$	(246)	Interest Expense	$	—	$	—

Six Months Ended June 30, 2021
Derivatives in cash flow hedging relationships:
Interest rate swaps	$	2,377	$	2,377	Interest Expense	$	52	$	52

Six Months Ended June 30, 2020
Derivatives in cash flow hedging relationships:
Interest rate swaps	$	(246)	$	(246)	Interest Expense	$	—	$	—

The Company has agreements with each of its derivative counterparties that contain a provision where if the Company defaults on any of its indebtedness, then the Company could also be declared in default on its derivative obligations.

The Company has agreements with certain of its derivative counterparties that contain a provision where if the company fails to maintain its status as a well capitalized institution, then the Company could be required to post additional collateral.

As of June 30, 2021, the fair value of derivatives in a net liability position, which includes accrued interest, related to these agreements was $0. As of June 30, 2021, the Company has not posted any collateral related to these agreements. If the Company had breached any of these provisions at June 30, 2021, it could have been required to settle its obligations under the agreements at their termination value of $0.

Variable Interest Entities

6 Months Ended

Jun. 30, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Variable Interest Entities

VARIABLE INTEREST ENTITIES

Collateralized Loan Obligation Funds – Closed

The Company holds investments in the subordinated notes of the following closed Collateralized Loan Obligation (“CLO”) funds:


(Dollars in thousands)	Offering Date	Offering 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 net carrying amounts of the Company’s investments in the subordinated notes of the CLO funds, which represent the Company’s maximum exposure to loss as a result of its involvement with the CLO funds, totaled $5,658,000 and $5,919,000 at June 30, 2021 and December 31, 2020, respectively, and are classified as held to maturity securities within the Company’s consolidated balance sheets.

The Company performed a consolidation analysis to confirm whether the Company was required to consolidate the assets, liabilities, equity or operations of the closed CLO funds in its financial statements. The Company concluded that the closed CLO funds 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	6 Months Ended
Legal Contingencies	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Legal Contingencies	LEGAL CONTINGENCIESVarious legal claims have arisen from time to time in the normal course of business which, in the opinion of management, will have no material effect on the Company’s consolidated financial statements.

Off-Balance Sheet Loan Commitments

6 Months Ended

Jun. 30, 2021

Commitments and Contingencies Disclosure [Abstract]

Off-Balance Sheet Loan Commitments

OFF-BALANCE SHEET LOAN COMMITMENTS

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

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

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


	June 30, 2021						December 31, 2020
(Dollars in thousands)	Fixed Rate		Variable Rate		Total		Fixed Rate		Variable Rate		Total
Unused lines of credit	$	28,955	$	539,215	$	568,170	$	43,406	$	547,430	$	590,836
Standby letters of credit	$	7,808	$	6,201	$	14,009	$	5,464	$	8,429	$	13,893
Commitments to purchase loans	$	—	$	97,115	$	97,115	$	—	$	66,373	$	66,373
Mortgage warehouse commitments	$	—	$	699,865	$	699,865	$	—	$	417,722	$	417,722

Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being fully drawn upon, the total commitment amounts disclosed above do not necessarily represent future cash requirements. The Company evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if considered necessary by the Company, upon extension of credit, is based on management’s credit evaluation of the customer.

Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. In the event of nonperformance by the customer, the Company has rights to the underlying collateral, which can include commercial real estate, physical plant and property, inventory, receivables, cash and marketable securities. The credit risk to the Company in issuing letters of credit is essentially the same as that involved in extending loan facilities to its customers.

Commitments to purchase loans represent loans purchased by the Company that have not yet settled.

Mortgage warehouse commitments are unconditionally cancellable and represent the unused capacity on mortgage warehouse facilities the Company has approved. The Company reserves the right to refuse to buy any mortgage loans offered for sale by a customer, for any reason, at the Company’s sole and absolute discretion.

The Company records an allowance for credit losses on off-balance sheet credit exposures through a charge to credit loss expense on the Company’s consolidated statements of income. At June 30, 2021 and December 31, 2020, the allowance for credit losses on off-balance sheet credit exposures totaled $4,084,000 and $5,005,000, respectively, and was included in other liabilities on the Company’s consolidated balance sheets. The following table presents credit loss expense for off balance sheet credit exposures:


	Three Months Ended June 30,				Six Months Ended June 30,
(Dollars in thousands)	2021		2020		2021		2020
Credit loss expense (benefit)	$	293	$	911	$	(921)	$	3,848

Fair Value Disclosures

6 Months Ended

Jun. 30, 2021

Fair Value Disclosures [Abstract]

Fair Value Disclosures

Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair values:

Level 1 – Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date.

Level 2 – Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data.

Level 3 – Significant unobservable inputs that reflect a company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability.

The methods of determining the fair value of assets and liabilities presented in this note are consistent with the methodologies disclosed in Note 17 of the Company’s 2020 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 Fair Value
June 30, 2021	Level 1		Level 2		Level 3
Assets measured at fair value on a recurring basis
Securities available for sale
U.S. Government agency obligations	$	—	$	10,024	$	—	$	10,024
Mortgage-backed securities, residential	—		21,194		—		21,194
Asset-backed securities	—		6,963		—		6,963
State and municipal	—		34,466		—		34,466
CLO securities	—		112,309		—		112,309
Corporate bonds	—		5,724		—		5,724
SBA pooled securities	—		2,947		—		2,947
	$	—	$	193,627	$	—	$	193,627

Equity securities
Mutual fund	$	5,854	$	—	$	—	$	5,854

Loans held for sale	$	—	$	31,136	$	—	$	31,136

Derivative financial instruments (cash flow hedges)
Interest rate swap	$	—	$	3,939	$	—	$	3,939

Indemnification asset	$	—	$	—	$	5,246	$	5,246


(Dollars in thousands)	Fair Value Measurements Using						Total Fair Value
December 31, 2020	Level 1		Level 2		Level 3
Assets measured at fair value on a recurring basis
Securities available for sale
U.S. Government agency obligations	$	—	$	15,088	$	—	$	15,088
Mortgage-backed securities, residential	—		27,684		—		27,684
Asset-backed securities	—		7,039		—		7,039
State and municipal	—		37,395		—		37,395
CLO Securities	—		122,204		—		122,204
Corporate bonds	—		11,573		—		11,573
SBA pooled securities	—		3,327		—		3,327
	$	—	$	224,310	$	—	$	224,310

Equity securities
Mutual fund	$	5,826	$	—	$	—	$	5,826

Loans held for sale	$	—	$	24,546	$	—	$	24,546

Derivative financial instruments (cash flow hedges)
Interest rate swap	$	—	$	816	$	—	$	816

Indemnification asset	$	—	$	—	$	36,225	$	36,225

There were no transfers between levels during 2021 or 2020.

The fair value of the indemnification asset is calculated as the present value of the estimated cash payments expected to be received from Covenant for probable losses on the covered Over-Formula Advance Portfolio. The cash flows are discounted at a rate to reflect the uncertainty of the timing and receipt of the payments from Covenant. The indemnification asset is reviewed quarterly and changes to the asset are recorded as adjustments to other noninterest income or expense, as appropriate, within the Consolidated Statements of Income. The indemnification asset fair value is considered a Level 3 classification. At June 30, 2021 and December 31, 2020, the estimated cash payments expected to be received from Covenant for probable losses on the covered Over-Formula Advance Portfolio were approximately $5,499,000 and $39,200,000, respectively, and a discount rate of 4.6% and 8.8%, respectively, was applied to calculate the present value of the indemnification asset. A reconciliation of the opening balance to the closing balance of the fair value of the indemnification asset is as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
(Dollars in thousands)	2021		2020		2021		2020
Beginning balance	$	5,246	$	—	$	36,225	$	—
Indemnification asset recognized in business combination	—		—		—		—
Change in fair value of indemnification asset recognized in earnings	—		—		4,654		—
Indemnification recognized	—		—		(35,633)		—
Ending balance	$	5,246	$	—	$	5,246	$	—

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 June 30, 2021 and December 31, 2020.


(Dollars in thousands)	Fair Value Measurements Using						Total Fair Value
June 30, 2021	Level 1		Level 2		Level 3
Collateral dependent loans
Commercial real estate	$	—	$	—	$	7,462	$	7,462
Construction, land development, land	—		—		747		747
1-4 family residential	—		—		39		39
Commercial	—		—		3,131		3,131
Factored receivables	—		—		30,090		30,090
Consumer	—		—		26		26
Other real estate owned (1)
Commercial real estate	—		—		67		67
1-4 family residential	—		—		70		70
Construction	—		—		221		221
	$	—	$	—	$	41,853	$	41,853


(Dollars in thousands)	Fair Value Measurements Using						Total Fair Value
December 31, 2020	Level 1		Level 2		Level 3
Collateral dependent loans
Commercial real estate	$	—	$	—	$	5,107	$	5,107
Construction, land development, land	—		—		824		824
1-4 family residential	—		—		—		—
Commercial	—		—		2,355		2,355
Factored receivables	—		—		41,065		41,065
Consumer	—		—		3		3
PCI
Other real estate owned (1)
Commercial real estate	—		—		273		273
1-4 family residential	—		—		114		114
Farmland	—		—		209		209
	$	—	$	—	$	49,950	$	49,950

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

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

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

The estimated fair values of the Company’s financial instruments not measured at fair value on a recurring or non-recurring basis at June 30, 2021 and December 31, 2020 were as follows:


(Dollars in thousands)	Carrying Amount		Fair Value Measurements Using						Total Fair Value
June 30, 2021			Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	444,439	$	444,439	$	—	$	—	$	444,439
Securities - held to maturity	5,658		—		—		5,622		5,622
Loans not previously presented, gross	4,789,720		174,987		—		4,632,473		4,807,460
FHLB and other restricted stock	8,096		N/A		N/A		N/A		N/A
Accrued interest receivable	17,514		17,514		—		—		17,514

Financial liabilities:
Deposits	4,725,450		—		4,726,832		—		4,726,832
Customer repurchase agreements	9,243		—		9,243		—		9,243
Federal Home Loan Bank advances	130,000		—		130,000		—		130,000
Paycheck Protection Program Liquidity Facility	139,673		—		139,673		—		139,673
Subordinated notes	87,620		—		90,752		—		90,752
Junior subordinated debentures	40,333		—		40,934		—		40,934
Accrued interest payable	2,223		2,223		—		—		2,223


(Dollars in thousands)	Carrying Amount		Fair Value Measurements Using						Total Fair Value
December 31, 2020			Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	314,393	$	314,393	$	—	$	—	$	314,393
Securities - held to maturity	5,919		—		—		5,850		5,850
Loans not previously presented, gross	4,953,399		195,739		—		4,783,143		4,978,882
FHLB and other restricted stock	6,751		N/A		N/A		N/A		N/A
Accrued interest receivable	19,435		19,435		—		—		19,435

Financial liabilities:
Deposits	4,716,600		—		4,719,625		—		4,719,625
Customer repurchase agreements	3,099		—		3,099		—		3,099
Federal Home Loan Bank advances	105,000		—		105,000		—		105,000
Paycheck Protection Program Liquidity Facility	191,860		—		191,860		—		191,860
Subordinated notes	87,509		—		89,413		—		89,413
Junior subordinated debentures	40,072		—		40,379		—		40,379
Accrued interest payable	4,270		4,270		—		—		4,270

- 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

6 Months Ended

Jun. 30, 2021

Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]

Regulatory Matters

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

Quantitative measures established by regulation to ensure capital adequacy require the Company and TBK Bank to maintain minimum amounts and ratios (set forth in the table below) of total, common equity Tier 1, and Tier 1 capital to risk weighted assets, and of Tier 1 capital to average assets. Management believes, as of June 30, 2021 and December 31, 2020, the Company and TBK Bank meet all capital adequacy requirements to which they are subject.

As of June 30, 2021 and December 31, 2020, 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 June 30, 2021 that management believes have changed TBK Bank’s category.

The actual capital amounts and ratios for the Company and TBK Bank are presented in the following table.


(Dollars in thousands)	Actual			Minimum for Capital Adequacy Purposes			To Be Well Capitalized Under Prompt Corrective Action Provisions
June 30, 2021	Amount		Ratio	Amount		Ratio	Amount		Ratio
Total capital (to risk weighted assets)
Triumph Bancorp, Inc.	$	676,963	12.6%	$	429,818	8.0%	N/A		N/A
TBK Bank, SSB	$	621,589	11.8%	$	421,416	8.0%	$	526,770	10.0%

Tier 1 capital (to risk weighted assets)
Triumph Bancorp, Inc.	$	552,960	10.3%	$	322,113	6.0%	N/A		N/A
TBK Bank, SSB	$	586,413	11.1%	$	316,980	6.0%	$	422,640	8.0%

Common equity Tier 1 capital (to risk weighted assets)
Triumph Bancorp, Inc.	$	467,627	8.7%	$	241,876	4.5%	N/A		N/A
TBK Bank, SSB	$	586,413	11.1%	$	237,735	4.5%	$	343,395	6.5%

Tier 1 capital (to average assets)
Triumph Bancorp, Inc.	$	552,960	9.7%	$	228,025	4.0%	N/A		N/A
TBK Bank, SSB	$	586,413	10.4%	$	225,543	4.0%	$	281,929	5.0%
As of December 31, 2020
Total capital (to risk weighted assets)
Triumph Bancorp, Inc.	$	715,142	13.0%	$	440,087	8.0%	N/A		N/A
TBK Bank, SSB	$	653,359	12.1%	$	431,973	8.0%	$	539,966	10.0%

Tier 1 capital (to risk weighted assets)
Triumph Bancorp, Inc.	$	581,580	10.6%	$	329,196	6.0%	N/A		N/A
TBK Bank, SSB	$	608,737	11.3%	$	323,223	6.0%	$	430,964	8.0%

Common equity Tier 1 capital (to risk weighted assets)
Triumph Bancorp, Inc.	$	496,508	9.0%	$	248,254	4.5%	N/A		N/A
TBK Bank, SSB	$	608,737	11.3%	$	242,417	4.5%	$	350,158	6.5%

Tier 1 capital (to average assets)
Triumph Bancorp, Inc.	$	581,580	10.8%	$	215,400	4.0%	N/A		N/A
TBK Bank, SSB	$	608,737	11.3%	$	215,482	4.0%	$	269,353	5.0%

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

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

The capital conservation buffer set forth by the Basel III regulatory capital framework was 2.5% at June 30, 2021 and December 31, 2020. The capital conservation buffer is designed to absorb losses during periods of economic stress and requires increased capital levels for the purpose of capital distributions and other payments. Failure to meet the full amount of the buffer will result in restrictions on the Company’s ability to make capital distributions, including dividend payments and stock repurchases, and to pay discretionary bonuses to executive officers. At June 30, 2021 and December 31, 2020, 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 + Details

Stockholders' Equity

6 Months Ended

Jun. 30, 2021

Equity [Abstract]

Stockholders' Equity

STOCKHOLDERS’ EQUITY

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

Preferred Stock Series C


(Dollars in thousands, except per share amounts)	June 30, 2021			December 31, 2020
Shares authorized	51,750			51,750
Shares issued	45,000			45,000
Shares outstanding	45,000			45,000
Par value per share	$	0.01		$	0.01
Liquidation preference per share	$	1,000		$	1,000
Liquidation preference amount	$	45,000		$	45,000
Dividend rate	7.125		%	7.125		%
Dividend payment dates	Quarterly			Quarterly

Common Stock


	June 30, 2021		December 31, 2020
Shares authorized	50,000,000		50,000,000
Shares issued	28,209,760		27,951,721
Treasury shares	(3,100,057)		(3,083,503)
Shares outstanding	25,109,703		24,868,218
Par value per share	$	0.01	$	0.01

Preferred Stock Offering

On June 19, 2020, the Company issued 45,000 shares of 7.125% Series C Fixed-Rate Non-Cumulative Perpetual Preferred Stock, par value $0.01 per share, with a liquidation preference of $1,000 per share through an underwritten public offering of 1,800,000 depositary shares, each representing a 1/40th ownership interest in a share of the Series C Preferred Stock. Total gross proceeds from the preferred stock offering were $45,000,000. Net proceeds after underwriting discounts and offering expenses were $42,364,000. The net proceeds will be used for general corporate purposes.

Series C Preferred Stock holders are entitled to quarterly cash dividends accruing at the rate per annum of 7.125% beginning September 30, 2020, applied to the liquidation preference value of the stock. Any dividends not paid shall not accumulate but will be waived and not payable by the Company. Payments of dividends are subject to declaration by the board of the Company. The Series C Preferred Stock is not redeemable by the holder and is senior to the Company’s common stock. The Series C Preferred stock may be redeemed in whole or in part by the Company at liquidation value (i) on any dividend payment date on or after June 30, 2025 or (ii) within 90 days following a regulatory capital treatment event (as defined in the Statement of Designation), subject to regulatory approval.

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. No shares were repurchased during the six months ended June 30, 2021 under a stock repurchase program.

Stock Based Compensation

6 Months Ended

Jun. 30, 2021

Share-based Payment Arrangement [Abstract]

Stock Based Compensation

STOCK BASED COMPENSATION

Stock based compensation expense that has been charged against income was $3,386,000 and $966,000 for the three months ended June 30, 2021 and 2020, respectively, and $4,736,000 and $2,134,000 for the six months ended June 30, 2021 and 2020, respectively.

2014 Omnibus Incentive Plan

The Company’s 2014 Omnibus Incentive Plan (“Omnibus Incentive Plan”) provides for the grant of nonqualified and incentive stock options, stock appreciation rights, restricted stock awards, restricted stock units, and other awards that may be settled in, or based upon the value of, the Company’s common stock. The maximum number of shares of common stock available for issuance under the Omnibus Incentive Plan is 2,450,000 shares.

Restricted Stock Awards

A summary of changes in the Company’s nonvested Restricted Stock Awards (“RSAs”) under the Omnibus Incentive Plan for the six months ended June 30, 2021 were as follows:


Nonvested RSAs	Shares	Weighted-Average Grant-Date Fair Value
Nonvested at January 1, 2021	205,536	29.17
Granted	228,900	87.81
Vested	(69,926)	31.45
Forfeited	(2,385)	30.14
Nonvested at June 30, 2021	362,125	65.75

RSAs granted to employees under the Omnibus Incentive Plan typically vest over three to four years. Compensation expense for the RSAs will be recognized over the vesting period of the awards based on the fair value of the stock at the issue date. As of June 30, 2021, there was $19,299,000 of unrecognized compensation cost related to the nonvested RSAs. The cost is expected to be recognized over a remaining period of 3.55 years.

Restricted Stock Units

A summary of changes in the Company’s nonvested Restricted Stock Units (“RSUs”) under the Omnibus Incentive Plan for the six months ended June 30, 2021 were as follows:


Nonvested RSUs	Shares	Weighted-Average Grant-Date Fair Value
Nonvested at January 1, 2021	89,713	33.34
Granted	17,757	84.47
Vested	—	—
Forfeited	—	—
Nonvested at June 30, 2021	107,470	41.79

RSUs granted to employees under the Omnibus Incentive Plan typically vest after four to five years. Compensation expense for the RSUs will be recognized over the vesting period of the awards based on the fair value of the stock at the issue date. As of June 30, 2021, there was $2,798,000 of unrecognized compensation cost related to the nonvested RSUs. The cost is expected to be recognized over a remaining period of 2.89 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 six months ended June 30, 2021 were as follows:


Nonvested Market Based PSUs	Shares	Weighted-Average Grant-Date Fair Value
Nonvested at Nonvested at January 1, 2021	85,611	$	35.65
Granted	13,520	98.03
Vested	—	—
Forfeited	—	—
Nonvested at June 30, 2021	99,131	$	44.16

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 Market Based 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 Market Based PSUs will be recognized over the vesting period of the awards based on the fair value of the award at the grant date. The fair value of Market Based PSUs granted is estimated using a Monte Carlo simulation. Expected volatilities

were determined based on the historical volatilities of the Company and the specified peer group. The risk-free interest rate for the performance period was derived from the Treasury constant maturities yield curve on the valuation dates.

The fair value of the Market Based PSUs granted was determined using the following weighted-average assumptions:


	Six Months Ended June 30,
	2021			2020
Grant date	May 1, 2021			May 1, 2020
Performance period	3.00 years			3.00 years
Stock price	$	88.63		$	26.25
Triumph stock price volatility	51.71		%	43.02		%
Risk-free rate	0.35		%	0.25		%

As of June 30, 2021, there was $2,480,000 of unrecognized compensation cost related to the nonvested Market Based PSUs. The cost is expected to be recognized over a remaining period of 2.29 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 six months ended June 30, 2021 were as follows:


Nonvested Performance Based PSUs	Shares	Weighted Average Grant Date Fair Value
Nonvested at January 1, 2021	256,625	$	37.56
Granted	9,000	88.63
Vested	—	—
Forfeited	—	—
Nonvested at June 30, 2021	265,625	$	39.29

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 June 30, 2021, the maximum unrecognized compensation cost related to the nonvested Performance Based PSUs was $20,871,000, and the remaining performance period over which the cost could be recognized was 1.50 years. No compensation cost was recorded during the three and six months ended June 30, 2021 and 2020.

Stock Options

A summary of the changes in the Company’s stock options under the Omnibus Incentive Plan for the six months ended June 30, 2021 were as follows:


Stock Options	Shares	Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Term (In Years)	Aggregate Intrinsic Value (In Thousands)
Outstanding at January 1, 2021	227,986	$	25.16
Granted	16,939	88.63
Exercised	(46,132)	24.47
Forfeited or expired	—	—
Outstanding at June 30, 2021	198,793	$	30.99	6.65	$	8,843

Fully vested shares and shares expected to vest at June 30, 2021	198,793	$	30.99	6.65	$	8,843

Shares exercisable at June 30, 2021	136,032	$	24.02	5.75	$	6,833

Information related to the stock options for the six months ended June 30, 2021 and 2020 was as follows:


	Six Months Ended June 30,
(Dollars in thousands, except per share amounts)	2021		2020
Aggregate intrinsic value of options exercised	$	2,249	$	—
Cash received from option exercises	146		—
Tax benefit realized from option exercises	472		—
Weighted average fair value per share of options granted	$	35.37	$	8.85

Stock options awarded to employees under the Omnibus Incentive Plan are generally granted with an exercise price equal to the market price of the Company’s common stock at the date of grant, vest over four years, and have ten year contractual terms. The fair value of stock options granted is estimated at the date of grant using the Black-Scholes option-pricing model. Expected volatilities were determined based on a blend of the Company’s historical volatility and historical volatilities of a peer group of companies with a similar size, industry, stage of life cycle, and capital structure. The expected term of the options granted was determined based on the SEC simplified method, which calculates the expected term as the mid-point between the weighted average time to vesting and the contractual term. The risk-free interest rate for the expected term of the options was derived from the Treasury constant maturity yield curve on the valuation date.

The fair value of the stock options granted was determined using the following weighted-average assumptions:


	Six Months Ended June 30,
	2021		2020
Risk-free interest rate	1.16	%	0.46	%
Expected term	6.25 years		6.25 years
Expected stock price volatility	39.26	%	33.83	%
Dividend yield	—		—

As of June 30, 2021, there was $681,000 of unrecognized compensation cost related to nonvested stock options granted under the Omnibus Incentive Plan. The cost is expected to be recognized over a remaining period of 2.85 years.

Employee Stock Purchase Plan

On April 1, 2019, the Company’s Board of Directors adopted the Triumph Bancorp, Inc. Employee Stock Purchase Plan (“ESPP”) and reserved 2,500,000 shares of common stock for issuance. The ESPP was approved by the Company’s stockholders on May 16, 2019. 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 commenced on February 1, 2021 and as of June 30, 2021, no shares had yet been issued under the plan.

Earnings Per Share

6 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

Earnings Per Share

EARNINGS PER SHARE

The factors used in the earnings per share computation follow:


	Three Months Ended June 30,				Six Months Ended June 30,
(Dollars in thousands)	2021		2020		2021		2020
Basic
Net income to common stockholders	$	27,180	$	13,440	$	60,302	$	8,990
Weighted average common shares outstanding	24,724,128		23,987,049		24,699,754		24,150,689
Basic earnings per common share	$	1.10	$	0.56	$	2.44	$	0.37
Diluted
Net income to common stockholders	$	27,180	$	13,440	$	60,302	$	8,990
Weighted average common shares outstanding	24,724,128		23,987,049		24,699,754		24,150,689
Dilutive effects of:
Assumed exercises of stock options	134,358		38,627		133,219		55,753
Restricted stock awards	139,345		37,751		156,029		66,364
Restricted stock units	73,155		4,689		70,236		13,255
Performance stock units - market based	134,313		6,326		131,240		8,446
Performance stock units - performance based	—		—		—		—
Employee stock purchase program	3,708		—		2,563		—
Average shares and dilutive potential common shares	25,209,007		24,074,442		25,193,041		24,294,507
Diluted earnings per common share	$	1.08	$	0.56	$	2.39	$	0.37

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


	Three Months Ended June 30,		Six Months Ended June 30,
	2021	2020	2021	2020
Stock options	16,939	148,528	16,939	98,956
Restricted stock awards	—	109,834	209,040	—
Restricted stock units	—	38,801	17,757	—
Performance stock units - market based	13,520	76,461	13,520	76,461
Performance stock units - performance based	265,625	262,625	265,625	262,625
Employee stock purchase program	—	—	—	—

Business Segment Information

6 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

Business Segment Information

BUSINESS SEGMENT INFORMATION

The following table presents the Company’s operating segments. The accounting policy for reportable segments is previously disclosed in Note 1. Transactions between segments consist primarily of borrowed funds. Intersegment interest expense is allocated to the Factoring and Payments segments based on Federal Home Loan Bank advance rates. Credit loss expense is allocated based on the segment’s allowance for credit losses determination. Noninterest income and expense directly attributable to a segment are assigned to it. Taxes are paid on a consolidated basis and are not allocated for segment purposes. The Factoring segment includes only factoring originated by TBC.


(Dollars in thousands)
Three months ended June 30, 2021	Banking		Factoring		Payments		Corporate		Consolidated
Total interest income	$	47,356	$	44,653	$	2,675	$	4	$	94,688
Intersegment interest allocations	2,723		(2,584)		(139)		—		—
Total interest expense	2,610		—		—		1,796		4,406
Net interest income (expense)	47,469		42,069		2,536		(1,792)		90,282
Credit loss expense (benefit)	(4,335)		2,444		218		(133)		(1,806)
Net interest income after credit loss expense	51,804		39,625		2,318		(1,659)		92,088
Noninterest income	10,018		2,742		1,083		53		13,896
Noninterest expense	41,860		17,174		10,842		922		70,798
Operating income (loss)	$	19,962	$	25,193	$	(7,441)	$	(2,528)	$	35,186


(Dollars in thousands)
Three months ended June 30, 2020	Banking		Factoring		Payments		Corporate		Consolidated
Total interest income	$	53,311	$	20,387	$	692	$	8	$	74,398
Intersegment interest allocations	2,575		(2,487)		(88)		—		—
Total interest expense	8,272		—		—		1,875		10,147
Net interest income (expense)	47,614		17,900		604		(1,867)		64,251
Credit loss expense	11,916		(160)		124		1,729		13,609
Net interest income after credit loss expense	35,698		18,060		480		(3,596)		50,642
Gain on sale of subsidiary or division	9,758		—		—		—		9,758
Other noninterest income	8,804		1,072		12		383		10,271
Noninterest expense	36,467		11,967		3,315		977		52,726
Operating income (loss)	$	17,793	$	7,165	$	(2,823)	$	(4,190)	$	17,945


(Dollars in thousands)
Six months ended June 30, 2021	Banking		Factoring		Payments		Corporate		Consolidated
Total interest income	$	97,912	$	80,477	$	4,644	$	8	$	183,041
Intersegment interest allocations	5,665		(5,359)		(306)		—		—
Total interest expense	6,152		—		—		3,587		9,739
Net interest income (expense)	97,425		75,118		4,338		(3,579)		173,302
Credit loss expense	(16,788)		6,927		510		(300)		(9,651)
Net interest income after credit loss expense	114,213		68,191		3,828		(3,279)		182,953
Other noninterest income	17,768		9,153		1,156		110		28,187
Noninterest expense	81,314		33,327		14,977		2,072		131,690
Operating income (loss)	$	50,667	$	44,017	$	(9,993)	$	(5,241)	$	79,450


(Dollars in thousands)
Six months ended June 30, 2020	Banking		Factoring		Payments		Corporate		Consolidated
Total interest income	$	104,591	$	43,884	$	1,079	$	258	$	149,812
Intersegment interest allocations	5,679		(5,561)		(118)		—		—
Total interest expense	19,192		—		—		3,869		23,061
Net interest income (expense)	91,078		38,323		961		(3,611)		126,751
Credit loss expense (benefit)	30,630		1,384		165		1,728		33,907
Net interest income after credit loss expense	60,448		36,939		796		(5,339)		92,844
Gain on sale of subsidiary or division	9,758		—		—		—		9,758
Other noninterest income	15,069		2,368		27		284		17,748
Noninterest expense	75,658		24,030		5,759		2,032		107,479
Operating income (loss)	$	9,617	$	15,277	$	(4,936)	$	(7,087)	$	12,871

Total assets and gross loans below include intersegment loans, which eliminate in consolidation.


(Dollars in thousands)
June 30, 2021	Banking		Factoring		Payments		Corporate		Eliminations		Consolidated
Total assets	$	5,712,986	$	1,357,395	$	219,918	$	930,446	$	(2,204,868)	$	6,015,877
Gross loans	$	4,498,536	$	1,284,314	$	113,985	$	700	$	(1,066,320)	$	4,831,215


(Dollars in thousands)
December 31, 2020	Banking		Factoring		Payments		Corporate		Eliminations		Consolidated
Total assets	$	5,791,537	$	1,121,704	$	115,836	$	861,967	$	(1,955,253)	$	5,935,791
Gross loans	$	4,788,093	$	1,036,548	$	84,222	$	800	$	(912,887)	$	4,996,776

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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+ Details

Summary of Significant Accounting Policies (Policies)	6 Months Ended
Summary of Significant Accounting Policies (Policies)	Jun. 30, 2021
Accounting Policies [Abstract]
Nature of Operations	Nature of Operations Triumph Bancorp, Inc. (collectively with its subsidiaries, “Triumph”, or the “Company” as applicable) is a financial holding company headquartered in Dallas, Texas. 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”), TBK Bank’s wholly owned subsidiary Triumph Insurance Group, Inc. (“TIG”). TriumphPay operates as a division of TBK Bank, SSB.
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with United States Generally Accepted Accounting Principles (“GAAP”) for interim financial information and in accordance with guidance provided by the Securities and Exchange Commission (“SEC”). Accordingly, the condensed financial statements do not include all of the information and footnotes required by GAAP for complete financial statements. The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all normal and recurring adjustments considered necessary for a fair presentation. Transactions between the subsidiaries have been eliminated. These condensed consolidated financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2020. Operating results for the three and six months ended June 30, 2021 are not necessarily indicative of the results that may be expected for the year ending December 31, 2021. Operating Segments The Company’s reportable segments are comprised of strategic business units primarily based upon industry categories and, to a lesser extent, the core competencies relating to product origination, distribution methods, operations and servicing. Segment determination also considered organizational structure and is consistent with the presentation of financial information to the chief operating decision maker to evaluate segment performance, develop strategy, and allocate resources. The Company's chief operating decision maker is the Chief Executive Officer of Triumph Bancorp, Inc. Management has determined that the Company has four reportable segments consisting of Banking, Factoring, Payments, and Corporate. The Banking segment includes the operations of TBK Bank. The Banking segment derives its revenue principally from investments in interest-earning assets as well as noninterest income typical for the banking industry. The Factoring segment includes the operations of TBC with revenue derived from factoring services. The Payments segment includes the operations of the TBK Bank's TriumphPay division, which is the payments network for trucking; creating frictionless presentment, audit, and payment of invoices. The Payments segment derives its revenue from transaction fees and interest income on factored receivables related to invoice payments. These factored receivables consist of both invoices where we offer a carrier a QuickPay opportunity to receive payment at a discount in advance of the standard payment term for such invoice in exchange for the assignment of such invoice to us and from offering freight brokers the ability to settle their invoices with us on an extended term following our payment to their carriers as an additional liquidity option for such freight brokers. The corporate segment includes holding company financing and investment activities and management and administrative expenses to support the overall operations of the Company. Prior to June 30, 2021, management determined that the Company had three reportable segments consisting of Banking, Factoring, and Corporate, and the Banking segment included the operations of TBK Bank and TriumphPay. On June 1, 2021, TriumphPay acquired HubTran, Inc., a cloud-based provider of automation software for the trucking industry’s back office (see Note 2 for further disclosures regarding the acquisition of HubTran). The acquisition of HubTran allows TriumphPay to create a fully integrated payments network for trucking; servicing brokers and factors. TriumphPay already offered tools and services to increase automation, mitigate fraud, create back-office efficiency and improve the payment experience. Through the acquisition of HubTran, TriumphPay created additional value through the enhancement of its presentment, audit, and payment capabilities for shippers, third party logistics companies (i.e., freight brokers) and their carriers, and factors. The acquisition of HubTran was a meaningful inflection point in the operations of TriumphPay as the TriumphPay strategy has shifted from a capital-intensive on-balance sheet product with a focus on interest income to a payments network for the trucking industry with a focus on fee revenue. In terms of total revenue, operating income (loss), and total assets, TriumphPay is currently, and has historically been, quantitatively immaterial; however, given the shift in strategy brought on by the acquisition of HubTran as well as significant management and chief operating decision maker focus on TriumphPay operations, management believes disclosing TriumphPay's operations through the Payments segment is qualitatively useful for readers of these financial statements. This change also brings the Company's reportable segments in line with its reporting units used for goodwill impairment evaluation. Prior to the acquisition of HubTran, the Payments reporting unit carried no goodwill. Prior period business segment disclosures have been revised as appropriate to reflect the current period change in reportable segments.
Risks and Uncertainties	Risks and Uncertainties Significant progress has been made to combat the outbreak of COVID-19; however, the global pandemic has adversely impacted a broad range of industries in which the Company's customers operate and could still impair their ability to fulfill their financial obligations to the Company. The Company’s business is dependent upon the willingness and ability of its employees and customers to conduct banking and other financial transactions. While it appears that the epidemiological and macroeconomic conditions are trending in a positive direction as of June 30, 2021, if there is a resurgence in the virus, the Company could experience further adverse effects on its business, financial condition, results of operations and cash flows. While it is not possible to know the full universe or extent that the impact of COVID-19, and any potential resulting measures to curtail its spread, will have on the Company's future operations, the Company is disclosing potentially material items of which it is aware. Financial position and results of operations The Company’s interest income could be reduced due to COVID-19. In keeping with guidance from regulators, the Company continues to work with COVID-19 affected borrowers to defer their payments, interest, and fees. While interest and fees continue to accrue to income through normal GAAP accounting, should eventual credit losses on these deferred payments emerge, the related loans would be placed on nonaccrual status and interest income and fees accrued would be reversed. In such a scenario, interest income in future periods could be negatively impacted. As of June 30, 2021 the Company carries $208,000 of accrued interest income and fees on outstanding deferrals made to COVID-19 affected borrowers. At this time, the Company is unable to project the materiality of such an impact on future deferrals to COVID-19 affected borrowers, but recognizes the breadth of the economic impact may affect its borrowers’ ability to repay in future periods. Capital and liquidity The Company's reported and regulatory capital ratios could be adversely impacted by further credit loss expense. The Company relies on cash on hand as well as dividends from its subsidiary bank to service its debt. If the Company's capital deteriorates such that its subsidiary bank is unable to pay dividends to the Company for an extended period of time, the Company may not be able to service its debt. The Company maintains access to multiple sources of liquidity. Wholesale funding markets have remained open to the Company, but rates for short-term funding can be volatile. If funding costs are elevated for an extended period of time, it could have an adverse effect on the Company's net interest margin. If 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. Intangible asset valuation The lingering effects COVID-19 could cause a decline in the Company’s stock price or the occurrence of what management would deem to be a triggering event that could, under certain circumstances, cause us to perform a goodwill impairment test and result in an impairment charge being recorded for that period. In the event that the Company concludes that all or a portion of its goodwill is impaired, a non-cash charge for the amount of such impairment would be recorded to earnings. Such a charge would have no impact on tangible capital or regulatory capital. It is possible that the lingering effects of COVID-19 could cause the occurrence of what management would deem to be a triggering event that could, under certain circumstances, cause us to perform an intangible asset impairment test and result in an impairment charge being recorded for that period. In the event that the Company concludes that all or a portion of its intangible assets are impaired, a non-cash charge for the amount of such impairment would be recorded to earnings. Such a charge would have no impact on tangible capital or regulatory capital. Lending operations and accommodations to borrowers In keeping with regulatory guidance to work with borrowers during this unprecedented situation and as outlined in the Section 4013 of the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), the Company 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 a stated period of time. As of June 30, 2021, the Company’s balance sheet reflected 10 of these deferrals on outstanding loan balances of $53,651,000. In accordance with the CARES Act and March 2020 interagency guidance, these deferrals are not considered troubled debt restructurings. It is possible that these deferrals could be extended further under the CARES Act; however, the volume of these future potential extensions is unknown. It is also possible that in spite of the Company's best efforts to assist its borrowers and achieve full collection of the Company's investment, these deferred loans could result in future charge-offs with additional credit loss expense charged to earnings; however, the amount of any future charge-offs on deferred loans is unknown. At June 30, 2021, 98% of the $53,651,000 COVID deferral balance was made up of three relationships. With the passage of the Paycheck Protection Program (“PPP”), administered by the Small Business Administration (“SBA”), the Company has participated in assisting its customers with applications for resources through the program. PPP loans have two-year and five-year terms and earn interest at a 1% coupon. 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 June 30, 2021, the Company carried 1,390 PPP loans representing a book value of $135,307,000. The Company recognized $1,828,000 and $2,939,000 in fees from the SBA on PPP loans during the three and six months ended June 30, 2021 and carried $5,165,000 of deferred fees on PPP loans at June 30, 2021. The remaining fees will be amortized and recognized over the remaining lives of the loans. 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 an allowance for credit loss through additional credit loss expense charged to earnings. Credit The Company is working with customers directly affected by COVID-19. The Company is prepared to offer assistance in accordance with regulator guidelines. As a result of the current economic environment caused by the COVID-19 virus, the Company is engaging in communication with borrowers to understand their situation and the challenges faced, allowing the Company to respond proactively as needs and issues arise. Should the economy experience a prolonged period of poor economic conditions or should economic conditions worsen, the Company could experience increases in its required allowance for credit losses (“ACL”) and record additional credit loss expense. It is possible that the Company’s asset quality measures could worsen at future measurement periods if the effects of COVID-19 are prolonged.

Business Combinations and Divestitures (Tables)

6 Months Ended

Jun. 30, 2021

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

A summary of the estimated fair values of assets acquired, liabilities assumed, consideration transferred, and the resulting goodwill is as follows:


(Dollars in thousands)
Assets acquired:
Cash	$	170
Intangible assets - capitalized software	16,932
Intangible assets - customer relationship	10,360
Other assets	1,546
	29,008
Liabilities assumed:
Deferred income taxes	4,703
Other liabilities	906
	5,609
Fair value of net assets acquired	$	23,399
Consideration:
Cash paid	$	97,096
Goodwill	$	73,697

A summary of the estimated fair values of assets acquired, liabilities assumed, consideration transferred, and the resulting goodwill is as follows:


(Dollars in thousands)	Initial Values Recorded at Acquisition Date	Measurement Period Adjustments		Adjusted Values
Assets acquired:
Factored receivables	$107,524	$—		$107,524
Allowance for credit losses	(37,415)	—		(37,415)
Factored receivables, net of ACL	70,109	—		70,109
Intangible assets	3,500	—		3,500
Indemnification asset	30,959	—		30,959
Deferred income taxes	1,448	(59)		1,389
	106,016	(59)		105,957
Liabilities assumed:
Deposits	5,361	—		5,361
	5,361	—		5,361
Fair value of net assets acquired	$100,655	$	(59)	$100,596
Consideration:
Cash paid	$108,375	—		$108,375
Stock consideration	13,942	—		13,942
Cash due from seller subsequent to liquidation of stock consideration	(17,196)	—		(17,196)
Total consideration	$105,121	$—		$105,121
Goodwill	$4,466	$59		$4,525

Summary of Factored Receivables, Purchased with Credit Deterioration

The following table presents information at the acquisition date for factored receivables purchased for which there was, at acquisition, evidence of more than insignificant deterioration of credit quality since origination:


(Dollars in thousands)
Purchase price of loans at acquisition			$25,147
Allowance for credit losses at acquisition			37,415
Non-credit discount/(premium) at acquisition			941
Par value of acquired loans at acquisition			$63,503

Summary of Carrying Amount of Assets in Disposal Group and Gain on Sale

A summary of the carrying amount of the assets in the Disposal Group and the gain on sale is as follows:


(Dollars in thousands)
Carrying amount of assets in the disposal group:
Loans	$	84,504
Premises and equipment, net	45
Other assets	11
	84,560
Carrying amount of liabilities in the disposal group:
Other liabilities	479
Total carrying amount	$	84,081
Total consideration received	94,531
Gain on sale of division	10,450
Transaction costs	692
Gain on sale of division, net of transaction costs	$	9,758

- 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)

6 Months Ended

Jun. 30, 2021

Investments, Debt and Equity Securities [Abstract]

Schedule of Gross Realized and Unrealized Losses Recognized on Equity Securities

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 June 30,				Six Months Ended June 30,
(Dollars in thousands)	2021		2020		2021		2020
Unrealized gains (losses) on equity securities held at the reporting date	$	28	$	733	$	28	$	974
Realized gains (losses) on equity securities sold during the period	—		—		—		—
	$	28	$	733	$	28	$	974

Schedule of Amortized Cost of Securities and Their Estimated Fair Values

The following table summarizes the amortized cost, fair value, and allowance for credit losses of debt securities and the corresponding amounts of gross unrealized gains and losses of available for sale securities recognized in accumulated other comprehensive income (loss) and gross unrecognized gains and losses of held to maturity securities:


(Dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Allowance for Credit Losses		Fair Value
June 30, 2021
Available for sale securities:
U.S. Government agency obligations	$	9,985	$	39	$	—	$	—	$	10,024
Mortgage-backed securities, residential	20,249		947		(2)		—		21,194
Asset-backed securities	6,966		—		(3)		—		6,963
State and municipal	33,653		813		—		—		34,466
CLO securities	108,444		3,932		(67)		—		112,309
Corporate bonds	5,637		87		—		—		5,724
SBA pooled securities	2,829		120		(2)		—		2,947
Total available for sale securities	$	187,763	$	5,938	$	(74)	$	—	$	193,627


(Dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrecognized Losses		Fair Value
June 30, 2021
Held to maturity securities:
CLO securities	$	7,385	$	—	$	(1,763)	$	5,622
Allowance for credit losses	(1,727)
Total held to maturity securities, net of ACL	$	5,658


(Dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Allowance for Credit Losses		Fair Value
December 31, 2020
Available for sale securities:
U.S. Government agency obligations	$	14,942	$	146	$	—	$	—	$	15,088
Mortgage-backed securities, residential	26,547		1,139		(2)		—		27,684
Asset-backed securities	7,091		—		(52)		—		7,039
State and municipal	36,238		1,157		—		—		37,395
CLO Securities	118,128		4,335		(259)		—		122,204
Corporate bonds	11,373		205		(5)		—		11,573
SBA pooled securities	3,200		133		(6)		—		3,327
Total available for sale securities	$	217,519	$	7,115	$	(324)	$	—	$	224,310


(Dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrecognized Losses		Fair Value
December 31, 2020
Held to maturity securities:
CLO securities	$	7,945	$	—	$	(2,095)	$	5,850
Allowance for credit losses	(2,026)
Total held to maturity securities, net of ACL	$	5,919

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


	Available for Sale Securities				Held to Maturity Securities
(Dollars in thousands)	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Due in one year or less	$	22,769	$	22,909	$	—	$	—
Due from one year to five years	4,590		4,698		—		—
Due from five years to ten years	61,852		64,276		7,385		5,622
Due after ten years	68,508		70,640		—		—
	157,719		162,523		7,385		5,622
Mortgage-backed securities, residential	20,249		21,194		—		—
Asset-backed securities	6,966		6,963		—		—
SBA pooled securities	2,829		2,947		—		—
	$	187,763	$	193,627	$	7,385	$	5,622

Schedule of Proceeds from Sales of Debt Securities and the Associated Gross Gains and Losses as well as Net Gains and Losses from Calls of Debt Securities

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


	Three Months Ended June 30,				Six Months Ended June 30,
(Dollars in thousands)	2021		2020		2021		2020
Proceeds	$	—	$	—	$	—	$	—
Gross gains	—		—		—		—
Gross losses	—		—		—		—
Net gains and losses from calls of securities	1		63		1		101

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 Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
June 30, 2021
Available for sale securities:
U.S. Government agency obligations	$	—	$	—	$	—	$	—	$	—	$	—
Mortgage-backed securities, residential	9		—		132		(2)		141		(2)
Asset-backed securities	—		—		6,963		(3)		6,963		(3)
State and municipal	5,000		—		—		—		5,000		—
CLO securities	3,503		(2)		28,658		(65)		32,161		(67)
Corporate bonds	—		—		150		—		150		—
SBA pooled securities	—		—		480		(2)		480		(2)
	$	8,512	$	(2)	$	36,383	$	(72)	$	44,895	$	(74)


	Less than 12 Months				12 Months or More				Total
(Dollars in thousands)	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
December 31, 2020
Available for sale securities:
U.S. Government agency obligations	$	—	$	—	$	—	$	—	$	—	$	—
Mortgage-backed securities, residential	100		(1)		215		(1)		315		(2)
Asset-backed securities	129		—		6,911		(52)		7,040		(52)
State and municipal	—		—		—		—		—		—
CLO Securities	12,083		(93)		29,785		(166)		41,868		(259)
Corporate bonds	498		(5)		150		—		648		(5)
SBA pooled securities	889		(6)		29		—		918		(6)
	$	13,699	$	(105)	$	37,090	$	(219)	$	50,789	$	(324)

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

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


(Dollars in thousands)	Three Months Ended June 30,				Six Months Ended June 30,
Held to Maturity CLO Securities	2021		2020		2021		2020
Allowance for credit losses:
Beginning balance	$	1,859	$	126	$	2,026	$	—
Impact of adopting ASC 326	—		—		—		126
Credit loss expense	(132)		1,729		(299)		1,729
Allowance for credit losses ending balance	$	1,727	$	1,855	$	1,727	$	1,855

Loans and Allowance for Credit Losses (Tables)

6 Months Ended

Jun. 30, 2021

Loans and Leases Receivable Disclosure [Abstract]

Schedule of Loans Held for Sale

The following table presents loans held for sale:


(Dollars in thousands)	June 30, 2021		December 31, 2020
Commercial real estate	$	19,522	$	—
1-4 family residential	1,063		6,319
Commercial	10,551		18,227
Total loans held for sale	$	31,136	$	24,546

Schedule of Amortized Cost and Unpaid Principal

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


	June 30, 2021						December 31, 2020
(Dollars in thousands)	Amortized Cost		Unpaid Principal		Difference		Amortized Cost		Unpaid Principal		Difference
Commercial real estate	$	701,576	$	703,989	$	(2,413)	$	779,158	$	782,614	$	(3,456)
Construction, land development, land	185,444		185,652		(208)		219,647		220,021		(374)
1-4 family residential	135,288		135,730		(442)		157,147		157,731		(584)
Farmland	91,122		91,768		(646)		103,685		104,522		(837)
Commercial	1,453,583		1,469,743		(16,160)		1,562,957		1,579,841		(16,884)
Factored receivables	1,398,299		1,399,598		(1,299)		1,120,770		1,122,008		(1,238)
Consumer	12,389		12,404		(15)		15,838		15,863		(25)
Mortgage warehouse	853,514		853,514		—		1,037,574		1,037,574		—
Total loans held for investment	4,831,215		$	4,852,398	$	(21,183)	4,996,776		$	5,020,174	$	(23,398)
Allowance for credit losses	(45,694)						(95,739)
	$	4,785,521					$	4,901,037

Summary of Allowance for Loan and Lease Losses

The activity in the allowance for credit losses (“ACL”) related to loans held for investment is as follows:


(Dollars in thousands)	Beginning Balance		Credit Loss Expense		Charge-offs		Recoveries		Ending Balance
Three months ended June 30, 2021
Commercial real estate	$	6,823	$	(2,422)	$	—	$	3	$	4,404
Construction, land development, land	1,670		(181)		—		1		1,490
1-4 family residential	631		(62)		(25)		1		545
Farmland	699		(30)		—		—		669
Commercial	17,158		(1,678)		(8)		202		15,674
Factored receivables	19,716		2,643		(583)		47		21,823
Consumer	296		(59)		(90)		89		236
Mortgage warehouse	1,031		(178)		—		—		853
	$	48,024	$	(1,967)	$	(706)	$	343	$	45,694


(Dollars in thousands)	Beginning Balance		Credit Loss Expense		Charge-offs		Recoveries		Ending Balance
Three months ended June 30, 2020
Commercial real estate	$	11,753	$	3,780	$	—	$	6	$	15,539
Construction, land development, land	3,179		2,737		—		1		5,917
1-4 family residential	1,087		935		—		5		2,027
Farmland	1,021		(143)		—		80		958
Commercial	20,145		3,427		(339)		50		23,283
Factored receivables	6,134		(47)		(860)		17		5,244
Consumer	674		142		(89)		41		768
Mortgage warehouse	739		138		—		—		877
	$	44,732	$	10,969	$	(1,288)	$	200	$	54,613


(Dollars in thousands)	Beginning Balance		Credit Loss Expense		Charge-offs		Recoveries		Ending Balance
Six Months Ended June 30, 2021
Commercial real estate	$	10,182	$	(5,786)	$	—	$	8	$	4,404
Construction, land development, land	3,418		(1,918)		(12)		2		1,490
1-4 family residential	1,225		(740)		(25)		85		545
Farmland	832		(163)		—		—		669
Commercial	22,040		(6,749)		(281)		664		15,674
Factored receivables	56,463		7,361		(42,086)		85		21,823
Consumer	542		(252)		(169)		115		236
Mortgage warehouse	1,037		(184)		—		—		853
	$	95,739	$	(8,431)	$	(42,573)	$	959	$	45,694


(Dollars in thousands)	Beginning Balance		Impact of Adopting ASC 326		Credit Loss Expense		Charge-offs		Recoveries		Reclassification to Held For Sale		Ending Balance
Six months ended June 30, 2020
Commercial real estate	$	5,353	$	1,372	$	8,807	$	—	$	7	$	—	$	15,539
Construction, land development, land	1,382		(187)		4,720		—		2		—		5,917
1-4 family residential	308		513		1,194		(21)		33		—		2,027
Farmland	670		437		(229)		—		80		—		958
Commercial	12,566		(184)		11,660		(645)		335		(449)		23,283
Factored receivables	7,657		(1,630)		1,416		(2,254)		55		—		5,244
Consumer	488		(52)		553		(293)		72		—		768
Mortgage warehouse	668		—		209		—		—		—		877
	$	29,092	$	269	$	28,330	$	(3,213)	$	584	$	(449)	$	54,613

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


(Dollars in thousands)	Real Estate		Accounts Receivable		Equipment		Other		Total		ACL Allocation
June 30, 2021
Commercial real estate	$	4,763	$	—	$	—	$	574	$	5,337	$	267
Construction, land development, land	2,214		—		—		—		2,214		250
1-4 family residential	1,515		—		—		118		1,633		38
Farmland	2,035		—		135		—		2,170		—
Commercial	2,240		—		5,277		5,695		13,212		3,135
Factored receivables	—		44,919		—		—		44,919		14,830
Consumer	—		—		—		176		176		—
Mortgage warehouse	—		—		—		—		—		—
Total	$	12,767	$	44,919	$	5,412	$	6,563	$	69,661	$	18,520


(Dollars in thousands)	Real Estate		Accounts Receivable		Equipment		Other		Total		ACL Allocation
December 31, 2020
Commercial real estate	$	12,454	$	—	$	—	$	162	$	12,616	$	1,334
Construction, land development, land	2,317		—		—		—		2,317		271
1-4 family residential	1,948		—		—		248		2,196		34
Farmland	2,189		—		143		198		2,530		—
Commercial	1,813		—		5,842		9,352		17,007		5,163
Factored receivables	—		92,437		—		—		92,437		51,371
Consumer	—		—		—		253		253		37
Mortgage warehouse	—		—		—		—		—		—
Total	$	20,721	$	92,437	$	5,985	$	10,213	$	129,356	$	58,210

Summary of Contractually Past Due and Nonaccrual Loans

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


(Dollars in thousands)	Past Due 30-59 Days		Past Due 60-90 Days		Past Due 90 Days or More		Total Past Due		Current		Total		Past Due 90 Days or More and Accruing
June 30, 2021
Commercial real estate	$	551	$	138	$	1,218	$	1,907	$	699,669	$	701,576	$	—
Construction, land development, land	—		977		1,205		2,182		183,262		185,444		—
1-4 family residential	492		628		753		1,873		133,415		135,288		—
Farmland	149		151		398		698		90,424		91,122		—
Commercial	2,038		9,370		4,561		15,969		1,437,614		1,453,583		—
Factored receivables	39,715		10,610		37,036		87,361		1,310,938		1,398,299		37,036
Consumer	260		114		5		379		12,010		12,389		—
Mortgage warehouse	—		—		—		—		853,514		853,514		—
Total	$	43,205	$	21,988	$	45,176	$	110,369	$	4,720,846	$	4,831,215	$	37,036


(Dollars in thousands)	Past Due 30-59 Days		Past Due 60-90 Days		Past Due 90 Days or More		Total Past Due		Current		Total		Past Due 90 Days or More and Accruing
December 31, 2020
Commercial real estate	$	1,512	$	147	$	7,623	$	9,282	$	769,876	$	779,158	$	—
Construction, land development, land	185		1,001		323		1,509		218,138		219,647		22
1-4 family residential	1,978		448		952		3,378		153,769		157,147		—
Farmland	407		1,000		300		1,707		101,978		103,685		—
Commercial	2,084		1,765		5,770		9,619		1,553,338		1,562,957		35
Factored receivables	33,377		28,506		72,717		134,600		986,170		1,120,770		72,717
Consumer	385		116		81		582		15,256		15,838		—
Mortgage warehouse	—		—		—		—		1,037,574		1,037,574		—
Total	$	39,928	$	32,983	$	87,766	$	160,677	$	4,836,099	$	4,996,776	$	72,774

Summary of Amortized Cost Basis of Loans on Nonaccrual Status


	June 30, 2021				December 31, 2020
(Dollars in thousands)	Nonaccrual		Nonaccrual With No ACL		Nonaccrual		Nonaccrual With No ACL
Commercial real estate	$	3,749	$	3,045	$	9,945	$	3,461
Construction, land development, land	2,191		1,194		2,294		1,199
1-4 family residential	1,516		1,442		1,848		1,651
Farmland	2,170		2,170		2,531		2,531
Commercial	13,158		6,800		17,202		4,891
Factored receivables	—		—		—		—
Consumer	176		176		253		188
Mortgage warehouse	—		—		—		—
	$	22,960	$	14,827	$	34,073	$	13,921

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

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


	Three Months Ended June 30,				Six Months Ended June 30,
(Dollars in thousands)	2021		2020		2021		2020
Commercial real estate	$	8	$	2	$	8	$	64
Construction, land development, land	—		—		—		—
1-4 family residential	—		2		1		10
Farmland	—		—		6		—
Commercial	20		23		23		39
Factored receivables	—		—		—		—
Consumer	—		—		—		2
Mortgage warehouse	—		—		—		—
	$	28	$	27	$	38	$	115

Schedule of Nonperforming Loans

The following table presents information regarding nonperforming loans:


(Dollars in thousands)	June 30, 2021		December 31, 2020
Nonaccrual loans(1)	$	22,960	$	34,073
Factored receivables greater than 90 days past due	26,959		13,927
Other nonperforming factored receivables(2)	1,454		10,029
Troubled debt restructurings accruing interest	17		3
	$	51,390	$	58,032

(1)Includes troubled debt restructurings of $6,068,000 and $13,321,000 at June 30, 2021 and December 31, 2020, respectively.

Summary of Risk Category of Loans

As of June 30, 2021 and December 31, 2020, based on the most recent analysis performed, the risk category of loans is as follows:


													Revolving Loans		Revolving Loans Converted To Term Loans		Total
(Dollars in thousands)	Year of Origination
June 30, 2021	2021		2020		2019		2018		2017		Prior
Commercial real estate
Pass	$	136,320	$	332,972	$	50,755	$	37,062	$	58,315	$	52,074	$	27,480	$	—	$	694,978
Classified	1,223		4,781		42		169		113		270		—		—		6,598
Total commercial real estate	$	137,543	$	337,753	$	50,797	$	37,231	$	58,428	$	52,344	$	27,480	$	—	$	701,576

Construction, land development, land
Pass	$	45,283	$	90,760	$	12,464	$	32,148	$	1,362	$	1,202	$	11	$	—	$	183,230
Classified	23		1,984		—		—		—		207		—		—		2,214
Total construction, land development, land	$	45,306	$	92,744	$	12,464	$	32,148	$	1,362	$	1,409	$	11	$	—	$	185,444

1-4 family residential
Pass	$	16,196	$	24,606	$	11,061	$	7,913	$	10,891	$	28,444	$	33,652	$	879	$	133,642
Classified	198		412		—		9		8		937		82		—		1,646
Total 1-4 family residential	$	16,394	$	25,018	$	11,061	$	7,922	$	10,899	$	29,381	$	33,734	$	879	$	135,288

Farmland
Pass	$	7,013	$	14,678	$	12,559	$	12,891	$	11,706	$	28,252	$	942	$	135	$	88,176
Classified	720		524		742		369		128		306		157		—		2,946
Total farmland	$	7,733	$	15,202	$	13,301	$	13,260	$	11,834	$	28,558	$	1,099	$	135	$	91,122

Commercial
Pass	$	297,395	$	557,276	$	108,433	$	32,206	$	21,412	$	8,605	$	392,450	$	560	$	1,418,337
Classified	989		11,053		14,330		603		170		470		7,631		—		35,246
Total commercial	$	298,384	$	568,329	$	122,763	$	32,809	$	21,582	$	9,075	$	400,081	$	560	$	1,453,583

Factored receivables
Pass	$	1,364,310	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	1,364,310
Classified	9,779		24,210		—		—		—		—		—		—		33,989
Total factored receivables	$	1,374,089	$	24,210	$	—	$	—	$	—	$	—	$	—	$	—	$	1,398,299

Consumer
Pass	$	1,244	$	3,257	$	1,040	$	864	$	3,127	$	2,615	$	66	$	—	$	12,213
Classified	—		—		—		2		65		109		—		—		176
Total consumer	$	1,244	$	3,257	$	1,040	$	866	$	3,192	$	2,724	$	66	$	—	$	12,389

Mortgage warehouse
Pass	$	853,514	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	853,514
Classified	—		—		—		—		—		—		—		—		—
Total mortgage warehouse	$	853,514	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	853,514

Total loans
Pass	$	2,721,275	$	1,023,549	$	196,312	$	123,084	$	106,813	$	121,192	$	454,601	$	1,574	$	4,748,400
Classified	12,932		42,964		15,114		1,152		484		2,299		7,870		—		82,815
Total loans	$	2,734,207	$	1,066,513	$	211,426	$	124,236	$	107,297	$	123,491	$	462,471	$	1,574	$	4,831,215


													Revolving Loans		Revolving Loans Converted To Term Loans		Total
(Dollars in thousands)	Year of Origination
December 31, 2020	2020		2019		2018		2017		2016		Prior
Commercial real estate
Pass	$	271,406	$	94,085	$	62,075	$	49,115	$	27,921	$	230,731	$	27,666	$	908	$	763,907
Classified	10,298		2,239		133		1,367		664		550		—		—		15,251
Total commercial real estate	$	281,704	$	96,324	$	62,208	$	50,482	$	28,585	$	231,281	$	27,666	$	908	$	779,158

Construction, land development, land
Pass	$	72,149	$	12,490	$	11,829	$	5,820	$	8,946	$	105,584	$	12	$	500	$	217,330
Classified	2,031		34		—		—		—		252		—		—		2,317
Total construction, land development, land	$	74,180	$	12,524	$	11,829	$	5,820	$	8,946	$	105,836	$	12	$	500	$	219,647

1-4 family residential
Pass	$	58,300	$	11,280	$	11,425	$	8,982	$	4,400	$	20,167	$	35,326	$	5,320	$	155,200
Classified	1,473		149		137		23		11		49		105		—		1,947
Total 1-4 family residential	$	59,773	$	11,429	$	11,562	$	9,005	$	4,411	$	20,216	$	35,431	$	5,320	$	157,147

Farmland
Pass	$	37,212	$	10,095	$	7,388	$	15,262	$	7,908	$	20,572	$	1,421	$	486	$	100,344
Classified	994		407		403		—		22		590		925		—		3,341
Total farmland	$	38,206	$	10,502	$	7,791	$	15,262	$	7,930	$	21,162	$	2,346	$	486	$	103,685

Commercial
Pass	$	470,477	$	162,203	$	127,569	$	94,154	$	70,405	$	181,312	$	416,197	$	11,396	$	1,533,713
Classified	8,128		2,390		983		190		4,470		2,787		10,296		—		29,244
Total commercial	$	478,605	$	164,593	$	128,552	$	94,344	$	74,875	$	184,099	$	426,493	$	11,396	$	1,562,957

Factored receivables
Pass	$	1,081,316	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	1,081,316
Classified	39,454		—		—		—		—		—		—		—		39,454
Total factored receivables	$	1,120,770	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	1,120,770

Consumer
Pass	$	8,382	$	2,251	$	1,336	$	1,258	$	688	$	1,594	$	74	$	—	$	15,583
Classified	146		28		18		36		11		16		—		—		255
Total consumer	$	8,528	$	2,279	$	1,354	$	1,294	$	699	$	1,610	$	74	$	—	$	15,838

Mortgage warehouse
Pass	$	1,037,574	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	1,037,574
Classified	—		—		—		—		—		—		—		—		—
Total mortgage warehouse	$	1,037,574	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	1,037,574

Total loans
Pass	$	3,036,816	$	292,404	$	221,622	$	174,591	$	120,268	$	559,960	$	480,696	$	18,610	$	4,904,967
Classified	62,524		5,247		1,674		1,616		5,178		4,244		11,326		—		91,809
Total loans	$	3,099,340	$	297,651	$	223,296	$	176,207	$	125,446	$	564,204	$	492,022	$	18,610	$	4,996,776

Schedule of Loans Modified as Troubled Debt Restructurings


(Dollars in thousands)	Extended Amortization Period		Payment Deferrals		Protective Advances		Total Modifications		Number of Loans






Six months ended June 30, 2021
Commercial real estate	$	—	$	—	$	741	$	741	1





Three months ended June 30, 2020
Commercial real estate	$	—	$	246	$	—	$	246	2
Commercial	44		—		—		44		2
	$	44	$	246	$	—	$	290	4

Six months ended June 30, 2020
Commercial real estate	$	—	$	246	$	—	$	246	2
Construction, land development, land	$	8	$	—	$	—	$	8	1
Farmland	3,486		—		—		3,486		1
Commercial	4,591		5,793		—		10,384		5
	$	8,085	$	6,039	$	—	$	14,124	9

Balance of Loans Modified Due to COVID-19

The following table summarizes the balance of loans modified for borrowers impacted by the COVID-19 pandemic.


	Three Months Ended June 30,		Six Months Ended June 30,
(Dollars in thousands)	2021	2020	2021	2020
Total modifications	—	576,604	10,459	605,351

Summary of Amortized Cost of Loans Currently in Deferral

The following table summarized the amortized cost of loans with payments currently in deferral and the accrued interest related to the loans with payments in deferral at June 30, 2021 and December 31, 2020:


(Dollars in thousands)	Total Loans		Balance of Loans Currently in Deferral		Percentage of Portfolio		Accrued Interest Receivable

June 30, 2021
Commercial real estate	$	701,576	$	51,568	7.4	%	$	176
Construction, land development, land	185,444		1,320		0.7	%	20
1-4 family residential	135,288		491		0.4	%	11
Farmland	91,122		—		—	%	—
Commercial	1,453,583		272		—	%	1
Factored receivables	1,398,299		—		—	%	—
Consumer	12,389		—		—	%	—
Mortgage warehouse	853,514		—		—	%	—
Total	$	4,831,215	$	53,651	1.1	%	$	208


(Dollars in thousands)	Total Loans		Balance of Loans Currently in Deferral		Percentage of Portfolio		Accrued Interest Receivable

December 31, 2020
Commercial real estate	$	779,158	$	69,980	9.0	%	$	357
Construction, land development, land	219,647		18,821		8.6	%	183
1-4 family residential	157,147		1,129		0.7	%	15
Farmland	103,685		—		—	%	—
Commercial	1,562,957		14,561		0.9	%	166
Factored receivables	1,120,770		—		—	%	—
Consumer	15,838		106		0.7	%	5
Mortgage warehouse	1,037,574		—		—	%	—
Total	$	4,996,776	$	104,597	2.1	%	$	726

Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets and Goodwill

Goodwill and intangible assets consist of the following:


(Dollars in thousands)	June 30, 2021		December 31, 2020
Goodwill	$	236,965	$	163,209


	June 30, 2021						December 31, 2020
(Dollars in thousands)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Core deposit intangibles	$	43,578	$	(29,694)	$	13,884	$	43,578	$	(27,436)	$	16,142
Software intangible assets	16,932		(353)		16,579		—		—		—
Other intangible assets	29,560		(10,421)		19,139		19,200		(8,629)		10,571
	$	90,070	$	(40,468)	$	49,602	$	62,778	$	(36,065)	$	26,713

Schedule of Changes in Goodwill and Intangible Assets

The changes in goodwill and intangible assets during the three and six months ended June 30, 2021 and 2020 are as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
(Dollars in thousands)	2021		2020		2021		2020
Beginning balance	$	188,006	$	188,208	$	189,922	$	190,286
Acquired goodwill	73,697		—		73,697		—
Acquired intangible assets	27,292		—		27,292		—
Acquired goodwill - measurement period adjustment	—		—		59
Amortization of intangibles	(2,428)		(2,046)		(4,403)		(4,124)
Ending balance	$	286,567	$	186,162	$	286,567	$	186,162

Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Value of Derivative Financial Instruments Classification on Balance Sheet

The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the Balance Sheet:

Derivative Assets

As of June 30, 2021

As of December 31, 2020

(Dollars in thousands)

Notional
Amount

Balance
Sheet Location

Fair Value
Total

Notional
Amount

Balance
Sheet Location

Fair Value
Total

Derivatives designated as hedging instruments:

Interest rate swaps

200,000

Other Assets

3,939

200,000

Other Assets

816

Schedule of Effect of Fair Value and Cash Flow Hedge on Accumulated Other Comprehensive Income, Net of Tax

The table below presents the effect of fair value and cash flow hedge accounting on Accumulated Other Comprehensive Income, net of tax:


	Amount of Gain or (Loss) Recognized in OCI on Derivative		Amount of Gain or (Loss) Recognized in OCI Included Component		Location of Gain or (Loss) Recognized from AOCI into Income	Amount of Gain or (Loss) Reclassified from AOCI into Income		Amount of Gain or (Loss) Reclassified from AOCI into Income Included Component
(Dollars in thousands)
Three Months Ended June 30, 2021
Derivatives in cash flow hedging relationships:
Interest rate swaps	$	(429)	$	(429)	Interest Expense	$	29	$	29

Three Months Ended June 30, 2020
Derivatives in cash flow hedging relationships:
Interest rate swaps	$	(246)	$	(246)	Interest Expense	$	—	$	—

Six Months Ended June 30, 2021
Derivatives in cash flow hedging relationships:
Interest rate swaps	$	2,377	$	2,377	Interest Expense	$	52	$	52

Six Months Ended June 30, 2020
Derivatives in cash flow hedging relationships:
Interest rate swaps	$	(246)	$	(246)	Interest Expense	$	—	$	—

Variable Interest Entities (Tables)

6 Months Ended

Jun. 30, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Variable Interest Entities

The Company holds investments in the subordinated notes of the following closed Collateralized Loan Obligation (“CLO”) funds:


(Dollars in thousands)	Offering Date	Offering 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)

6 Months Ended

Jun. 30, 2021

Commitments and Contingencies Disclosure [Abstract]

Summary of Financial Instruments with Off-Balance Sheet Risk

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


	June 30, 2021						December 31, 2020
(Dollars in thousands)	Fixed Rate		Variable Rate		Total		Fixed Rate		Variable Rate		Total
Unused lines of credit	$	28,955	$	539,215	$	568,170	$	43,406	$	547,430	$	590,836
Standby letters of credit	$	7,808	$	6,201	$	14,009	$	5,464	$	8,429	$	13,893
Commitments to purchase loans	$	—	$	97,115	$	97,115	$	—	$	66,373	$	66,373
Mortgage warehouse commitments	$	—	$	699,865	$	699,865	$	—	$	417,722	$	417,722

Securities Borrowed, Allowance for Credit Loss

The following table presents credit loss expense for off balance sheet credit exposures:


	Three Months Ended June 30,				Six Months Ended June 30,
(Dollars in thousands)	2021		2020		2021		2020
Credit loss expense (benefit)	$	293	$	911	$	(921)	$	3,848

Fair Value Disclosures (Tables)

6 Months Ended

Jun. 30, 2021

Fair Value Disclosures [Abstract]

Assets and Liabilities Measured at Fair Value on a Recurring Basis

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


(Dollars in thousands)	Fair Value Measurements Using						Total Fair Value
June 30, 2021	Level 1		Level 2		Level 3
Assets measured at fair value on a recurring basis
Securities available for sale
U.S. Government agency obligations	$	—	$	10,024	$	—	$	10,024
Mortgage-backed securities, residential	—		21,194		—		21,194
Asset-backed securities	—		6,963		—		6,963
State and municipal	—		34,466		—		34,466
CLO securities	—		112,309		—		112,309
Corporate bonds	—		5,724		—		5,724
SBA pooled securities	—		2,947		—		2,947
	$	—	$	193,627	$	—	$	193,627

Equity securities
Mutual fund	$	5,854	$	—	$	—	$	5,854

Loans held for sale	$	—	$	31,136	$	—	$	31,136

Derivative financial instruments (cash flow hedges)
Interest rate swap	$	—	$	3,939	$	—	$	3,939

Indemnification asset	$	—	$	—	$	5,246	$	5,246


(Dollars in thousands)	Fair Value Measurements Using						Total Fair Value
December 31, 2020	Level 1		Level 2		Level 3
Assets measured at fair value on a recurring basis
Securities available for sale
U.S. Government agency obligations	$	—	$	15,088	$	—	$	15,088
Mortgage-backed securities, residential	—		27,684		—		27,684
Asset-backed securities	—		7,039		—		7,039
State and municipal	—		37,395		—		37,395
CLO Securities	—		122,204		—		122,204
Corporate bonds	—		11,573		—		11,573
SBA pooled securities	—		3,327		—		3,327
	$	—	$	224,310	$	—	$	224,310

Equity securities
Mutual fund	$	5,826	$	—	$	—	$	5,826

Loans held for sale	$	—	$	24,546	$	—	$	24,546

Derivative financial instruments (cash flow hedges)
Interest rate swap	$	—	$	816	$	—	$	816

Indemnification asset	$	—	$	—	$	36,225	$	36,225

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

A reconciliation of the opening balance to the closing balance of the fair value of the indemnification asset is as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
(Dollars in thousands)	2021		2020		2021		2020
Beginning balance	$	5,246	$	—	$	36,225	$	—
Indemnification asset recognized in business combination	—		—		—		—
Change in fair value of indemnification asset recognized in earnings	—		—		4,654		—
Indemnification recognized	—		—		(35,633)		—
Ending balance	$	5,246	$	—	$	5,246	$	—

Fair Value of Assets Measured on Non-recurring Basis


(Dollars in thousands)	Fair Value Measurements Using						Total Fair Value
June 30, 2021	Level 1		Level 2		Level 3
Collateral dependent loans
Commercial real estate	$	—	$	—	$	7,462	$	7,462
Construction, land development, land	—		—		747		747
1-4 family residential	—		—		39		39
Commercial	—		—		3,131		3,131
Factored receivables	—		—		30,090		30,090
Consumer	—		—		26		26
Other real estate owned (1)
Commercial real estate	—		—		67		67
1-4 family residential	—		—		70		70
Construction	—		—		221		221
	$	—	$	—	$	41,853	$	41,853


(Dollars in thousands)	Fair Value Measurements Using						Total Fair Value
December 31, 2020	Level 1		Level 2		Level 3
Collateral dependent loans
Commercial real estate	$	—	$	—	$	5,107	$	5,107
Construction, land development, land	—		—		824		824
1-4 family residential	—		—		—		—
Commercial	—		—		2,355		2,355
Factored receivables	—		—		41,065		41,065
Consumer	—		—		3		3
PCI
Other real estate owned (1)
Commercial real estate	—		—		273		273
1-4 family residential	—		—		114		114
Farmland	—		—		209		209
	$	—	$	—	$	49,950	$	49,950

(1)Represents the fair value of OREO that was adjusted during the year to date 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 June 30, 2021 and December 31, 2020 were as follows:


(Dollars in thousands)	Carrying Amount		Fair Value Measurements Using						Total Fair Value
June 30, 2021			Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	444,439	$	444,439	$	—	$	—	$	444,439
Securities - held to maturity	5,658		—		—		5,622		5,622
Loans not previously presented, gross	4,789,720		174,987		—		4,632,473		4,807,460
FHLB and other restricted stock	8,096		N/A		N/A		N/A		N/A
Accrued interest receivable	17,514		17,514		—		—		17,514

Financial liabilities:
Deposits	4,725,450		—		4,726,832		—		4,726,832
Customer repurchase agreements	9,243		—		9,243		—		9,243
Federal Home Loan Bank advances	130,000		—		130,000		—		130,000
Paycheck Protection Program Liquidity Facility	139,673		—		139,673		—		139,673
Subordinated notes	87,620		—		90,752		—		90,752
Junior subordinated debentures	40,333		—		40,934		—		40,934
Accrued interest payable	2,223		2,223		—		—		2,223


(Dollars in thousands)	Carrying Amount		Fair Value Measurements Using						Total Fair Value
December 31, 2020			Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	314,393	$	314,393	$	—	$	—	$	314,393
Securities - held to maturity	5,919		—		—		5,850		5,850
Loans not previously presented, gross	4,953,399		195,739		—		4,783,143		4,978,882
FHLB and other restricted stock	6,751		N/A		N/A		N/A		N/A
Accrued interest receivable	19,435		19,435		—		—		19,435

Financial liabilities:
Deposits	4,716,600		—		4,719,625		—		4,719,625
Customer repurchase agreements	3,099		—		3,099		—		3,099
Federal Home Loan Bank advances	105,000		—		105,000		—		105,000
Paycheck Protection Program Liquidity Facility	191,860		—		191,860		—		191,860
Subordinated notes	87,509		—		89,413		—		89,413
Junior subordinated debentures	40,072		—		40,379		—		40,379
Accrued interest payable	4,270		4,270		—		—		4,270

Regulatory Matters (Tables)

6 Months Ended

Jun. 30, 2021

Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]

Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations

The actual capital amounts and ratios for the Company and TBK Bank are presented in the following table.


(Dollars in thousands)	Actual			Minimum for Capital Adequacy Purposes			To Be Well Capitalized Under Prompt Corrective Action Provisions
June 30, 2021	Amount		Ratio	Amount		Ratio	Amount		Ratio
Total capital (to risk weighted assets)
Triumph Bancorp, Inc.	$	676,963	12.6%	$	429,818	8.0%	N/A		N/A
TBK Bank, SSB	$	621,589	11.8%	$	421,416	8.0%	$	526,770	10.0%

Tier 1 capital (to risk weighted assets)
Triumph Bancorp, Inc.	$	552,960	10.3%	$	322,113	6.0%	N/A		N/A
TBK Bank, SSB	$	586,413	11.1%	$	316,980	6.0%	$	422,640	8.0%

Common equity Tier 1 capital (to risk weighted assets)
Triumph Bancorp, Inc.	$	467,627	8.7%	$	241,876	4.5%	N/A		N/A
TBK Bank, SSB	$	586,413	11.1%	$	237,735	4.5%	$	343,395	6.5%

Tier 1 capital (to average assets)
Triumph Bancorp, Inc.	$	552,960	9.7%	$	228,025	4.0%	N/A		N/A
TBK Bank, SSB	$	586,413	10.4%	$	225,543	4.0%	$	281,929	5.0%
As of December 31, 2020
Total capital (to risk weighted assets)
Triumph Bancorp, Inc.	$	715,142	13.0%	$	440,087	8.0%	N/A		N/A
TBK Bank, SSB	$	653,359	12.1%	$	431,973	8.0%	$	539,966	10.0%

Tier 1 capital (to risk weighted assets)
Triumph Bancorp, Inc.	$	581,580	10.6%	$	329,196	6.0%	N/A		N/A
TBK Bank, SSB	$	608,737	11.3%	$	323,223	6.0%	$	430,964	8.0%

Common equity Tier 1 capital (to risk weighted assets)
Triumph Bancorp, Inc.	$	496,508	9.0%	$	248,254	4.5%	N/A		N/A
TBK Bank, SSB	$	608,737	11.3%	$	242,417	4.5%	$	350,158	6.5%

Tier 1 capital (to average assets)
Triumph Bancorp, Inc.	$	581,580	10.8%	$	215,400	4.0%	N/A		N/A
TBK Bank, SSB	$	608,737	11.3%	$	215,482	4.0%	$	269,353	5.0%

Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 2021

Equity [Abstract]

Summary of Capital Structure

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

Preferred Stock Series C


(Dollars in thousands, except per share amounts)	June 30, 2021			December 31, 2020
Shares authorized	51,750			51,750
Shares issued	45,000			45,000
Shares outstanding	45,000			45,000
Par value per share	$	0.01		$	0.01
Liquidation preference per share	$	1,000		$	1,000
Liquidation preference amount	$	45,000		$	45,000
Dividend rate	7.125		%	7.125		%
Dividend payment dates	Quarterly			Quarterly

Common Stock


	June 30, 2021		December 31, 2020
Shares authorized	50,000,000		50,000,000
Shares issued	28,209,760		27,951,721
Treasury shares	(3,100,057)		(3,083,503)
Shares outstanding	25,109,703		24,868,218
Par value per share	$	0.01	$	0.01

Stock Based Compensation (Tables)

6 Months Ended

Jun. 30, 2021

Share-based Payment Arrangement [Abstract]

Summary of Changes in Company's Nonvested Restricted Stock Awards

A summary of changes in the Company’s nonvested Restricted Stock Awards (“RSAs”) under the Omnibus Incentive Plan for the six months ended June 30, 2021 were as follows:


Nonvested RSAs	Shares	Weighted-Average Grant-Date Fair Value
Nonvested at January 1, 2021	205,536	29.17
Granted	228,900	87.81
Vested	(69,926)	31.45
Forfeited	(2,385)	30.14
Nonvested at June 30, 2021	362,125	65.75

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 six months ended June 30, 2021 were as follows:


Nonvested RSUs	Shares	Weighted-Average Grant-Date Fair Value
Nonvested at January 1, 2021	89,713	33.34
Granted	17,757	84.47
Vested	—	—
Forfeited	—	—
Nonvested at June 30, 2021	107,470	41.79

Summary of Changes in Company's Nonvested Performance Stock Units


Nonvested Market Based PSUs	Shares	Weighted-Average Grant-Date Fair Value
Nonvested at Nonvested at January 1, 2021	85,611	$	35.65
Granted	13,520	98.03
Vested	—	—
Forfeited	—	—
Nonvested at June 30, 2021	99,131	$	44.16

The fair value of the Market Based PSUs granted was determined using the following weighted-average assumptions:


	Six Months Ended June 30,
	2021			2020
Grant date	May 1, 2021			May 1, 2020
Performance period	3.00 years			3.00 years
Stock price	$	88.63		$	26.25
Triumph stock price volatility	51.71		%	43.02		%
Risk-free rate	0.35		%	0.25		%


Nonvested Performance Based PSUs	Shares	Weighted Average Grant Date Fair Value
Nonvested at January 1, 2021	256,625	$	37.56
Granted	9,000	88.63
Vested	—	—
Forfeited	—	—
Nonvested at June 30, 2021	265,625	$	39.29

Summary of Changes in Company's Stock Options

A summary of the changes in the Company’s stock options under the Omnibus Incentive Plan for the six months ended June 30, 2021 were as follows:


Stock Options	Shares	Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Term (In Years)	Aggregate Intrinsic Value (In Thousands)
Outstanding at January 1, 2021	227,986	$	25.16
Granted	16,939	88.63
Exercised	(46,132)	24.47
Forfeited or expired	—	—
Outstanding at June 30, 2021	198,793	$	30.99	6.65	$	8,843

Fully vested shares and shares expected to vest at June 30, 2021	198,793	$	30.99	6.65	$	8,843

Shares exercisable at June 30, 2021	136,032	$	24.02	5.75	$	6,833

Schedule of Information Related to Stock Options

Information related to the stock options for the six months ended June 30, 2021 and 2020 was as follows:


	Six Months Ended June 30,
(Dollars in thousands, except per share amounts)	2021		2020
Aggregate intrinsic value of options exercised	$	2,249	$	—
Cash received from option exercises	146		—
Tax benefit realized from option exercises	472		—
Weighted average fair value per share of options granted	$	35.37	$	8.85

Fair Value of Stock Options Granted Weighted-Average Assumptions

The fair value of the stock options granted was determined using the following weighted-average assumptions:


	Six Months Ended June 30,
	2021		2020
Risk-free interest rate	1.16	%	0.46	%
Expected term	6.25 years		6.25 years
Expected stock price volatility	39.26	%	33.83	%
Dividend yield	—		—

Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2021

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 June 30,				Six Months Ended June 30,
(Dollars in thousands)	2021		2020		2021		2020
Basic
Net income to common stockholders	$	27,180	$	13,440	$	60,302	$	8,990
Weighted average common shares outstanding	24,724,128		23,987,049		24,699,754		24,150,689
Basic earnings per common share	$	1.10	$	0.56	$	2.44	$	0.37
Diluted
Net income to common stockholders	$	27,180	$	13,440	$	60,302	$	8,990
Weighted average common shares outstanding	24,724,128		23,987,049		24,699,754		24,150,689
Dilutive effects of:
Assumed exercises of stock options	134,358		38,627		133,219		55,753
Restricted stock awards	139,345		37,751		156,029		66,364
Restricted stock units	73,155		4,689		70,236		13,255
Performance stock units - market based	134,313		6,326		131,240		8,446
Performance stock units - performance based	—		—		—		—
Employee stock purchase program	3,708		—		2,563		—
Average shares and dilutive potential common shares	25,209,007		24,074,442		25,193,041		24,294,507
Diluted earnings per common share	$	1.08	$	0.56	$	2.39	$	0.37

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 June 30,		Six Months Ended June 30,
	2021	2020	2021	2020
Stock options	16,939	148,528	16,939	98,956
Restricted stock awards	—	109,834	209,040	—
Restricted stock units	—	38,801	17,757	—
Performance stock units - market based	13,520	76,461	13,520	76,461
Performance stock units - performance based	265,625	262,625	265,625	262,625
Employee stock purchase program	—	—	—	—

Business Segment Information (Tables)

6 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

Schedule of Segment Reporting Information


(Dollars in thousands)
Three months ended June 30, 2021	Banking		Factoring		Payments		Corporate		Consolidated
Total interest income	$	47,356	$	44,653	$	2,675	$	4	$	94,688
Intersegment interest allocations	2,723		(2,584)		(139)		—		—
Total interest expense	2,610		—		—		1,796		4,406
Net interest income (expense)	47,469		42,069		2,536		(1,792)		90,282
Credit loss expense (benefit)	(4,335)		2,444		218		(133)		(1,806)
Net interest income after credit loss expense	51,804		39,625		2,318		(1,659)		92,088
Noninterest income	10,018		2,742		1,083		53		13,896
Noninterest expense	41,860		17,174		10,842		922		70,798
Operating income (loss)	$	19,962	$	25,193	$	(7,441)	$	(2,528)	$	35,186


(Dollars in thousands)
Three months ended June 30, 2020	Banking		Factoring		Payments		Corporate		Consolidated
Total interest income	$	53,311	$	20,387	$	692	$	8	$	74,398
Intersegment interest allocations	2,575		(2,487)		(88)		—		—
Total interest expense	8,272		—		—		1,875		10,147
Net interest income (expense)	47,614		17,900		604		(1,867)		64,251
Credit loss expense	11,916		(160)		124		1,729		13,609
Net interest income after credit loss expense	35,698		18,060		480		(3,596)		50,642
Gain on sale of subsidiary or division	9,758		—		—		—		9,758
Other noninterest income	8,804		1,072		12		383		10,271
Noninterest expense	36,467		11,967		3,315		977		52,726
Operating income (loss)	$	17,793	$	7,165	$	(2,823)	$	(4,190)	$	17,945


(Dollars in thousands)
Six months ended June 30, 2021	Banking		Factoring		Payments		Corporate		Consolidated
Total interest income	$	97,912	$	80,477	$	4,644	$	8	$	183,041
Intersegment interest allocations	5,665		(5,359)		(306)		—		—
Total interest expense	6,152		—		—		3,587		9,739
Net interest income (expense)	97,425		75,118		4,338		(3,579)		173,302
Credit loss expense	(16,788)		6,927		510		(300)		(9,651)
Net interest income after credit loss expense	114,213		68,191		3,828		(3,279)		182,953
Other noninterest income	17,768		9,153		1,156		110		28,187
Noninterest expense	81,314		33,327		14,977		2,072		131,690
Operating income (loss)	$	50,667	$	44,017	$	(9,993)	$	(5,241)	$	79,450


(Dollars in thousands)
Six months ended June 30, 2020	Banking		Factoring		Payments		Corporate		Consolidated
Total interest income	$	104,591	$	43,884	$	1,079	$	258	$	149,812
Intersegment interest allocations	5,679		(5,561)		(118)		—		—
Total interest expense	19,192		—		—		3,869		23,061
Net interest income (expense)	91,078		38,323		961		(3,611)		126,751
Credit loss expense (benefit)	30,630		1,384		165		1,728		33,907
Net interest income after credit loss expense	60,448		36,939		796		(5,339)		92,844
Gain on sale of subsidiary or division	9,758		—		—		—		9,758
Other noninterest income	15,069		2,368		27		284		17,748
Noninterest expense	75,658		24,030		5,759		2,032		107,479
Operating income (loss)	$	9,617	$	15,277	$	(4,936)	$	(7,087)	$	12,871

Total assets and gross loans below include intersegment loans, which eliminate in consolidation.


(Dollars in thousands)
June 30, 2021	Banking		Factoring		Payments		Corporate		Eliminations		Consolidated
Total assets	$	5,712,986	$	1,357,395	$	219,918	$	930,446	$	(2,204,868)	$	6,015,877
Gross loans	$	4,498,536	$	1,284,314	$	113,985	$	700	$	(1,066,320)	$	4,831,215


(Dollars in thousands)
December 31, 2020	Banking		Factoring		Payments		Corporate		Eliminations		Consolidated
Total assets	$	5,791,537	$	1,121,704	$	115,836	$	861,967	$	(1,955,253)	$	5,935,791
Gross loans	$	4,788,093	$	1,036,548	$	84,222	$	800	$	(912,887)	$	4,996,776

Summary of Significant Accounting Policies - Narrative (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021 USD ($) investment	Mar. 31, 2021 USD ($)	Jun. 30, 2021 USD ($) segment relationship investment	Dec. 31, 2020 USD ($)
Summary Of Significant Accounting Policies [Line Items]
Number of reportable segments \| segment			4
Accrued interest receivable		$ 726	$ 208
Balance of loans currently in deferral		$ 104,597	$ 53,651
Number of relationships making up COVID deferral loans \| relationship			3
Loans	$ 4,831,215		$ 4,831,215	$ 4,996,776
Deferred fees	$ 6,850		$ 6,850	$ 4,887
Paycheck Protection Program
Summary Of Significant Accounting Policies [Line Items]
Stated interest rate	1.00%		1.00%
Number of loans funded \| investment	1,390		1,390
Loans	$ 135,307		$ 135,307
Total fees received from Small Business Administration	1,828		2,939
Deferred fees	$ 5,165		$ 5,165
Minimum \| Paycheck Protection Program
Summary Of Significant Accounting Policies [Line Items]
Term of loans			2 years
Maximum \| Paycheck Protection Program
Summary Of Significant Accounting Policies [Line Items]
Term of loans			5 years
Customer Concentration Risk \| Payment Deferral Benchmark \| Three Customers
Summary Of Significant Accounting Policies [Line Items]
Percent of loans			98.00%
Payment Deferrals
Summary Of Significant Accounting Policies [Line Items]
Accrued interest receivable			$ 208
Balance of loans currently in deferral			$ 53,651

Business Combinations and Divestitures - Schedule of Recognized Identified Assets Acquired and Liabilities Assumed, HubTran, Inc. (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Consideration:
Goodwill	$ 236,965	$ 163,209
HubTran, Inc.
Assets acquired:
Cash	170
Other assets	1,546
Asset acquired	29,008
Liabilities assumed:
Deferred income taxes	4,703
Other liabilities	906
Liabilities assumed	5,609
Fair value of net assets acquired	23,399
Consideration:
Cash paid	97,096
Goodwill	73,697
HubTran, Inc. \| Capitalized Software
Assets acquired:
Intangible assets	16,932
HubTran, Inc. \| Customer Relationships
Assets acquired:
Intangible assets	$ 10,360

Business Combinations and Divestitures - Additional Information (Details) $ in Thousands		3 Months Ended		6 Months Ended		12 Months Ended
	Jul. 08, 2020 USD ($) client shares	Sep. 30, 2020 USD ($)	Jun. 30, 2020 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2020 USD ($)	Dec. 31, 2020 USD ($)	Sep. 23, 2020 USD ($) shares	Jul. 09, 2020 USD ($)
Business Acquisition [Line Items]
Goodwill				$ 236,965		$ 163,209
Loans				4,831,215		4,996,776
Other noninterest income			$ 10,271	28,187	$ 17,748
Indemnification asset				5,246		36,225
Current and performing equipment loan held for investment				4,785,521		4,901,037
Gain on indemnification asset				4,654
Fair Value, Measurements, Recurring
Business Acquisition [Line Items]
Indemnification asset				5,246
Level 3 \| Fair Value, Measurements, Recurring
Business Acquisition [Line Items]
Indemnification asset				5,246		36,225
HubTran, Inc.
Business Acquisition [Line Items]
Goodwill				73,697
Business acquisition, transaction costs				2,992
Cash paid				97,096
HubTran, Inc. \| Capitalized Software
Business Acquisition [Line Items]
Intangible assets				$ 16,932
Intangible asset, estimated useful life				4 years
HubTran, Inc. \| Customer Relationships
Business Acquisition [Line Items]
Intangible assets				$ 10,360
Intangible asset, estimated useful life				11 years
Transport Financial Solutions
Business Acquisition [Line Items]
Goodwill	$ 4,466			$ 4,525
Cash paid	$ 108,375
Number of common stock (in shares) \| shares	630,268
Stock consideration	$ 13,942
Number of large clients \| client	3
Portion of purchase price returned (in shares) \| shares							630,268
Cash due from seller subsequent to liquidation of stock consideration	$ 17,196
Proceeds from sale of acquired stock						28,064
Other noninterest income		$ 2,007				$ 10,868
Intangible asset, estimated useful life	8 years
Indemnification asset	$ 30,959			30,959
Charge -off				41,265
Credit loss expense				2,895
Factored receivables acquired, contractual amount	45,228
Factored receivables acquired, fair value	44,962
Acquisition related costs		$ 827
Transport Financial Solutions \| CVLG
Business Acquisition [Line Items]
Current and performing equipment loan held for investment				35,633
Financing Receivable, after Allowance for Credit Loss, Current				$ 8,622
Transport Financial Solutions \| Indemnification Agreement
Business Acquisition [Line Items]
Percent indemnified, first $30 million of losses							100.00%
First increment of losses incurred							$ 30,000
Percent indemnified, second $30 million of losses							50.00%
Second increment of losses incurred							$ 30,000
Total indemnification amount							45,000
Net orderly liquidation value							60,000
Transport Financial Solutions \| Indemnification Agreement \| CVLG
Business Acquisition [Line Items]
Line of credit, maximum borrowing capacity							45,000
Transport Financial Solutions \| Over-Formula Advances
Business Acquisition [Line Items]
Loans							$ 62,200	$ 62,200
Transport Financial Solutions \| Maximum
Business Acquisition [Line Items]
Fair value of consideration paid included contingent consideration	$ 9,900

Business Combinations and Divestitures - Schedule of Recognized Identified Assets Acquired and Liabilities Assumed, Transport Financial Solutions (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended		12 Months Ended
	Jul. 08, 2020	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Dec. 31, 2020
Consideration:
Goodwill		$ 236,965		$ 236,965		$ 236,965	$ 163,209
Goodwill, Measurement Period Adjustments		0	$ 0	59
Transport Financial Solutions
Assets acquired:
Factored receivables	$ 107,524	107,524		107,524		107,524
Allowance for credit losses	(37,415)	(37,415)		(37,415)		(37,415)
Factored receivables, net of ACL	70,109	70,109		70,109		70,109
Intangible assets	3,500	3,500		3,500		3,500
Indemnification asset	30,959	30,959		30,959		30,959
Deferred income taxes	1,448	1,389		1,389		1,389
Deferred income taxes, Measurement Period Adjustment						(59)
Asset acquired	106,016	105,957		105,957		105,957
Assets acquired, Measurement Period Adjustment						(59)
Liabilities assumed:
Deposits	5,361	5,361		5,361		5,361
Liabilities assumed	5,361	5,361		5,361		5,361
Fair value of net assets acquired	100,655	100,596		100,596		100,596
Fair value of net assets acquire, Measurement Period Adjustment						(59)
Consideration:
Cash paid	108,375
Stock consideration	13,942
Business Combination, Consideration Transferred, Cash from Liquidation of Equity Interests	(17,196)
Total consideration	105,121
Goodwill	$ 4,466	$ 4,525		$ 4,525		4,525
Goodwill, Measurement Period Adjustments						$ 59

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

Business Combinations and Divestitures - Summary of Carrying Amount of Assets in Disposal Group and Gain on Sale (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
	Apr. 20, 2020	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Carrying amount of liabilities in the disposal group:
Gain on sale of division, net of transaction costs		$ 0	$ 9,758	$ 0	$ 9,758
Triumph Premium Finance
Carrying amount of assets in the disposal group:
Loans	$ 84,504
Premises and equipment, net	45
Other assets	11
Total carrying amount	84,560
Carrying amount of liabilities in the disposal group:
Other liabilities	479
Total carrying amount	84,081
Total consideration received	94,531
Gain on sale of division	10,450
Transaction costs	692
Gain on sale of division, net of transaction costs	$ 9,758

Securities - Additional Information (Details) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2021 USD ($) investment security	Dec. 31, 2020 USD ($) investment
Debt and Equity Securities, FV-NI [Line Items]
Equity securities, fair value	$ 5,854	$ 5,826
Pledged debt securities, at carrying value	$ 90,160	$ 73,056
Number of securities in an unrealized loss position \| security	35
Number of investments \| investment	3	3
Held-to-maturity securities classified as nonaccrual	$ 4,561
Other Assets
Debt and Equity Securities, FV-NI [Line Items]
Accrued interest	1,063	$ 1,233
Mutual fund
Debt and Equity Securities, FV-NI [Line Items]
Equity securities, fair value	$ 5,854	$ 5,826

Securities - Schedule of Gross Realized and Unrealized Losses Recognized on Equity Securities (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Investments, Debt and Equity Securities [Abstract]
Unrealized gains (losses) on equity securities held at the reporting date	$ 28	$ 733	$ 28	$ 974
Realized gains (losses) on equity securities sold during the period	0	0	0	0
Gross realized and unrealized gains (losses) recognized on equity securities	$ 28	$ 733	$ 28	$ 974

Securities - Schedule of Amortized Cost of Securities and Their Estimated Fair Values (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
Available for sale securities:
Amortized Cost	$ 187,763		$ 217,519
Gross Unrealized Gains	5,938		7,115
Gross Unrealized Losses	(74)		(324)
Allowance for Credit Losses	0		0
Securities - available for sale	193,627		224,310
Held to maturity securities:
Amortized cost, gross	7,385
Fair Value	5,622		5,850
Allowance for credit losses	(1,727)	$ (1,859)	(2,026)	$ (1,855)	$ (126)	$ 0
Amortized Cost	5,658		5,919
U.S. Government agency obligations
Available for sale securities:
Amortized Cost	9,985		14,942
Gross Unrealized Gains	39		146
Gross Unrealized Losses	0		0
Allowance for Credit Losses	0		0
Securities - available for sale	10,024		15,088
Mortgage-backed securities, residential
Available for sale securities:
Amortized Cost	20,249		26,547
Gross Unrealized Gains	947		1,139
Gross Unrealized Losses	(2)		(2)
Allowance for Credit Losses	0		0
Securities - available for sale	21,194		27,684
Asset-backed securities
Available for sale securities:
Amortized Cost	6,966		7,091
Gross Unrealized Gains	0		0
Gross Unrealized Losses	(3)		(52)
Allowance for Credit Losses	0		0
Securities - available for sale	6,963		7,039
State and municipal
Available for sale securities:
Amortized Cost	33,653		36,238
Gross Unrealized Gains	813		1,157
Gross Unrealized Losses	0		0
Allowance for Credit Losses	0		0
Securities - available for sale	34,466		37,395
CLO securities
Available for sale securities:
Amortized Cost	108,444		118,128
Gross Unrealized Gains	3,932		4,335
Gross Unrealized Losses	(67)		(259)
Allowance for Credit Losses	0		0
Securities - available for sale	112,309		122,204
Held to maturity securities:
Amortized cost, gross	7,385		7,945
Gross Unrealized Gains	0		0
Gross Unrecognized Losses	(1,763)		(2,095)
Fair Value	5,622		5,850
Amortized Cost	5,658		5,919
Corporate bonds
Available for sale securities:
Amortized Cost	5,637		11,373
Gross Unrealized Gains	87		205
Gross Unrealized Losses	0		(5)
Allowance for Credit Losses	0		0
Securities - available for sale	5,724		11,573
SBA pooled securities
Available for sale securities:
Amortized Cost	2,829		3,200
Gross Unrealized Gains	120		133
Gross Unrealized Losses	(2)		(6)
Allowance for Credit Losses	0		0
Securities - available for sale	$ 2,947		$ 3,327

Securities - Schedule of Amortized Cost and Estimated Fair Value of Debt Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Available for Sale Securities, Amortized Cost
Due in one year or less, Amortized Cost	$ 22,769
Due from one year to five years, Amortized Cost	4,590
Due from five years to ten years, Amortized Cost	61,852
Due after ten years, Amortized Cost	68,508
Available for Sale Securities, with single maturity date, Amortized Cost	157,719
Amortized Cost	187,763	$ 217,519
Available for Sale Securities, Fair Value
Due in one year or less, Fair Value	22,909
Due from one year to five years, Fair Value	4,698
Due from five years to ten years, Fair Value	64,276
Due after ten years, Fair Value	70,640
Available for Sale Securities, with single maturity date, Fair Value	162,523
Securities - available for sale	193,627	224,310
Held to Maturity Securities, Amortized Cost
Due in one year or less, Amortized Cost	0
Due from one year to five years, Amortized Cost	0
Due from five years to ten years, Amortized Cost	7,385
Due after ten years, Amortized Cost	0
Held to Maturity Securities, with single maturity date, Amortized Cost	7,385
Amortized cost, gross	7,385
Held to Maturity Securities, Fair Value
Due in one year or less, Fair Value	0
Due from one year to five years, Fair Value	0
Due from five years to ten years, Fair Value	5,622
Due after ten years, Fair Value	0
Held to Maturity Securities, with single maturity date, Fair Value	5,622
Fair Value	5,622	5,850
Mortgage-backed securities, residential
Available for Sale Securities, Amortized Cost
Available for Sale Securities, without single maturity date, Amortized Cost	20,249
Amortized Cost	20,249	26,547
Available for Sale Securities, Fair Value
Available for Sale Securities, without single maturity date, Fair Value	21,194
Securities - available for sale	21,194	27,684
Held to Maturity Securities, Amortized Cost
Held to Maturity Securities, without single maturity date, Amortized Cost	0
Held to Maturity Securities, Fair Value
Held to Maturity Securities, without single maturity date, Fair Value	0
Asset-backed securities
Available for Sale Securities, Amortized Cost
Available for Sale Securities, without single maturity date, Amortized Cost	6,966
Amortized Cost	6,966	7,091
Available for Sale Securities, Fair Value
Available for Sale Securities, without single maturity date, Fair Value	6,963
Securities - available for sale	6,963	7,039
Held to Maturity Securities, Amortized Cost
Held to Maturity Securities, without single maturity date, Amortized Cost	0
Held to Maturity Securities, Fair Value
Held to Maturity Securities, without single maturity date, Fair Value	0
SBA pooled securities
Available for Sale Securities, Amortized Cost
Available for Sale Securities, without single maturity date, Amortized Cost	2,829
Amortized Cost	2,829	3,200
Available for Sale Securities, Fair Value
Available for Sale Securities, without single maturity date, Fair Value	2,947
Securities - available for sale	2,947	$ 3,327
Held to Maturity Securities, Amortized Cost
Held to Maturity Securities, without single maturity date, Amortized Cost	0
Held to Maturity Securities, Fair Value
Held to Maturity Securities, without single maturity date, Fair Value	$ 0

Securities - Schedule of Proceeds from Sales of Debt Securities and the Associated Gross Gains and Losses as well as Net Gains and Losses from Calls of Debt Securities (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Investments, Debt and Equity Securities [Abstract]
Proceeds	$ 0	$ 0	$ 0	$ 0
Gross gains	0	0	0	0
Gross losses	0	0	0	0
Net gains and losses from calls of securities	$ 1	$ 63	$ 1	$ 101

Securities - Schedule of Available for Sale Debt Securities in an Unrealized Loss Position (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, fair value	$ 8,512	$ 13,699
Less than 12 months, unrealized losses	(2)	(105)
12 months or more, fair value	36,383	37,090
12 months or more, unrealized losses	(72)	(219)
Total, fair value	44,895	50,789
Total, unrealized losses	(74)	(324)
U.S. Government agency obligations
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, fair value	0	0
Less than 12 months, unrealized losses	0	0
12 months or more, fair value	0	0
12 months or more, unrealized losses	0	0
Total, fair value	0	0
Total, unrealized losses	0	0
Mortgage-backed securities, residential
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, fair value	9	100
Less than 12 months, unrealized losses	0	(1)
12 months or more, fair value	132	215
12 months or more, unrealized losses	(2)	(1)
Total, fair value	141	315
Total, unrealized losses	(2)	(2)
Asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, fair value	0	129
Less than 12 months, unrealized losses	0	0
12 months or more, fair value	6,963	6,911
12 months or more, unrealized losses	(3)	(52)
Total, fair value	6,963	7,040
Total, unrealized losses	(3)	(52)
State and municipal
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, fair value	5,000	0
Less than 12 months, unrealized losses	0	0
12 months or more, fair value	0	0
12 months or more, unrealized losses	0	0
Total, fair value	5,000	0
Total, unrealized losses	0	0
CLO securities
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, fair value	3,503	12,083
Less than 12 months, unrealized losses	(2)	(93)
12 months or more, fair value	28,658	29,785
12 months or more, unrealized losses	(65)	(166)
Total, fair value	32,161	41,868
Total, unrealized losses	(67)	(259)
Corporate bonds
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, fair value	0	498
Less than 12 months, unrealized losses	0	(5)
12 months or more, fair value	150	150
12 months or more, unrealized losses	0	0
Total, fair value	150	648
Total, unrealized losses	0	(5)
SBA pooled securities
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, fair value	0	889
Less than 12 months, unrealized losses	0	(6)
12 months or more, fair value	480	29
12 months or more, unrealized losses	(2)	0
Total, fair value	480	918
Total, unrealized losses	$ (2)	$ (6)

Securities - Summary of Activity in Allowance for Credit Losses for Held To Maturity Debt Securities (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Allowance for credit losses:
Allowance for credit losses beginning balance	$ 1,859	$ 126	$ 2,026	$ 0
Credit loss expense	(132)	1,729	(299)	1,729
Allowance for credit losses ending balance	1,727	1,855	1,727	1,855
Cumulative Effect, Period of Adoption, Adjustment
Allowance for credit losses:
Allowance for credit losses ending balance	$ 0	$ 126	$ 0	$ 126

Loans and Allowance for Credit Losses - Schedule of Loans Held for Sale (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for sale	$ 31,136	$ 24,546
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for sale	19,522	0
1-4 family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for sale	1,063	6,319
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for sale	$ 10,551	$ 18,227

Loans and Allowance for Credit Losses - Additional Information (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2021 USD ($)	Jun. 30, 2020 USD ($)	Jun. 30, 2021 USD ($) loan	Jun. 30, 2020 USD ($) loan	Dec. 31, 2020 USD ($)	Sep. 23, 2020 USD ($)	Jul. 09, 2020 USD ($)	Dec. 31, 2019 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Premiums and discounts on acquired loans	$ 14,333,000		$ 14,333,000		$ 18,511,000
Net deferred origination and factoring fees	6,850,000		6,850,000		4,887,000
Accrued interest on loans	16,448,000		16,448,000		18,198,000
Loans	4,831,215,000		4,831,215,000		4,996,776,000
Pledged loans	2,716,651,000		2,716,651,000		2,255,441,000
Loans held for investment transferred to loans held for sale	37,196,000	$ 84,693,000	64,603,000	$ 115,631,000
Proceeds from sale of loans	25,176,000	55,904,000	45,582,000	87,200,000
Net (gains) losses on transfer of loans to loans held for sale	(413,000)	545,000	(1,466,000)	(49,000)
Financing receivable, modifications of loans cares act	0	576,604,000	10,459,000	605,351,000
Loans past due	110,369,000		110,369,000		160,677,000
Factored receivables greater than 90 days past due	37,036,000		37,036,000		72,774,000
Interest earned on nonaccrual loans	0	$ 0	0	$ 0
Nonaccrual	22,960,000		22,960,000		34,073,000
Recorded investments in troubled debt restructurings	6,085,000		6,085,000		13,324,000
Allowance for credit losses	45,694,000		$ 45,694,000		95,739,000
Number of defaults on modified loans \| loan			4	3
Recorded investments in troubled debt restructurings			$ 670,000	$ 498,000
Past Due 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans past due	43,205,000		43,205,000		39,928,000
Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans past due	45,176,000		45,176,000		87,766,000
Troubled Debt Restructuring
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual	6,068,000		6,068,000		13,321,000
Allowance for credit losses	1,540,000		1,540,000		2,469,000
Over-Formula Advances \| Transport Financial Solutions
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans						$ 62,200,000	$ 62,200,000
Changes in Allowance for Credit Losses
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses change due to loss drivers	1,847,000		10,142,000
Factored receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Customer reserves	149,583,000		149,583,000		145,892,000
Loans	1,398,299,000		1,398,299,000		1,120,770,000
Charge-offs			42,086,000	2,254,000
Credit loss expense			7,361,000	1,416,000
Loans past due	87,361,000		87,361,000		134,600,000
Factored receivables greater than 90 days past due	37,036,000		37,036,000		72,717,000
Nonaccrual	0		0		0
Allowance for credit losses					56,463,000			$ 7,657,000
Factored receivables \| Past Due 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans past due	39,715,000		39,715,000		33,377,000
Factored receivables \| Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans past due	37,036,000		37,036,000		72,717,000
Factored receivables \| Over-Formula Advances
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans					62,100,000
Charge-offs			41,265,000
Credit loss expense			2,895,000
Allowance for credit losses	10,077,000		10,077,000		48,485,000
Factored receivables \| Over-Formula Advances \| Transport Financial Solutions
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans					62,200,000
Factored receivables \| Over-Formula Advances \| Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans past due	10,077,000		10,077,000		62,100,000
Factored receivables \| Misdirected Payments Receivable \| United States Postal Service
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	19,361,000		19,361,000		19,600,000
Factored receivables greater than 90 days past due					6,000,000
1-4 family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	135,288,000		135,288,000		157,147,000
Charge-offs			25,000	21,000
Credit loss expense			(740,000)	1,194,000
Loans past due	1,873,000		1,873,000		3,378,000
Factored receivables greater than 90 days past due	0		0		0
Nonaccrual	1,516,000		1,516,000		1,848,000
Allowance for credit losses					1,225,000			308,000
1-4 family residential \| Past Due 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans past due	492,000		492,000		1,978,000
1-4 family residential \| Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans past due	753,000		753,000		952,000
1-4 family residential \| Real Eatate Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Residential real estate loans in process of foreclosure	327,000		327,000		251,000
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	1,453,583,000		1,453,583,000		1,562,957,000
Charge-offs			281,000	645,000
Credit loss expense			(6,749,000)	$ 11,660,000
Loans past due	15,969,000		15,969,000		9,619,000
Factored receivables greater than 90 days past due	0		0		35,000
Nonaccrual	13,158,000		13,158,000		17,202,000
Allowance for credit losses					22,040,000			$ 12,566,000
Commercial \| Past Due 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans past due	2,038,000		2,038,000		2,084,000
Commercial \| Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans past due	$ 4,561,000		$ 4,561,000		$ 5,770,000

Loans and Allowance for Credit Losses - Schedule of Amortized Cost and Unpaid Principal for Impaired Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost	$ 4,831,215	$ 4,996,776
Unpaid Principal	4,852,398	5,020,174
Difference	(21,183)	(23,398)
Allowance for credit losses	(45,694)	(95,739)
Loans, net	4,785,521	4,901,037
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost	701,576	779,158
Unpaid Principal	703,989	782,614
Difference	(2,413)	(3,456)
Allowance for credit losses		(10,182)	$ (5,353)
Construction, land development, land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost	185,444	219,647
Unpaid Principal	185,652	220,021
Difference	(208)	(374)
Allowance for credit losses		(3,418)	(1,382)
1-4 family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost	135,288	157,147
Unpaid Principal	135,730	157,731
Difference	(442)	(584)
Allowance for credit losses		(1,225)	(308)
Farmland
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost	91,122	103,685
Unpaid Principal	91,768	104,522
Difference	(646)	(837)
Allowance for credit losses		(832)	(670)
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost	1,453,583	1,562,957
Unpaid Principal	1,469,743	1,579,841
Difference	(16,160)	(16,884)
Allowance for credit losses		(22,040)	(12,566)
Factored receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost	1,398,299	1,120,770
Unpaid Principal	1,399,598	1,122,008
Difference	(1,299)	(1,238)
Allowance for credit losses		(56,463)	(7,657)
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost	12,389	15,838
Unpaid Principal	12,404	15,863
Difference	(15)	(25)
Allowance for credit losses		(542)	(488)
Mortgage warehouse
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost	853,514	1,037,574
Unpaid Principal	853,514	1,037,574
Difference	$ 0	0
Allowance for credit losses		$ (1,037)	$ (668)

Loans and Allowance for Credit Losses - Summary of Allowance for Loan and Lease Losses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance			$ 95,739
Ending Balance	$ 45,694		45,694
ASU 2016-13
Allowance for Loan and Lease Losses [Roll Forward]
Impact of Adopting ASC 326				$ 269
Loans Held for Investment
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	48,024	$ 44,732	95,739	29,092
Credit Loss Expense	(1,967)	10,969	(8,431)	28,330
Charge-offs	(706)	(1,288)	(42,573)	(3,213)
Recoveries	(343)	(200)	(959)	(584)
Reclassification to Held For Sale				(449)
Ending Balance	45,694	54,613	45,694	54,613
Commercial real estate
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance			10,182	5,353
Credit Loss Expense			(5,786)	8,807
Charge-offs			0	0
Recoveries			(8)	(7)
Commercial real estate \| ASU 2016-13
Allowance for Loan and Lease Losses [Roll Forward]
Impact of Adopting ASC 326				1,372
Commercial real estate \| Loans Held for Investment
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	6,823	11,753
Credit Loss Expense	(2,422)	3,780
Charge-offs	0	0
Recoveries	(3)	(6)
Reclassification to Held For Sale				0
Ending Balance	4,404	15,539	4,404	15,539
Construction, land development, land
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance			3,418	1,382
Credit Loss Expense			(1,918)	4,720
Charge-offs			(12)	0
Recoveries			(2)	(2)
Construction, land development, land \| ASU 2016-13
Allowance for Loan and Lease Losses [Roll Forward]
Impact of Adopting ASC 326				(187)
Construction, land development, land \| Loans Held for Investment
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	1,670	3,179
Credit Loss Expense	(181)	2,737
Charge-offs	0	0
Recoveries	(1)	(1)
Reclassification to Held For Sale				0
Ending Balance	1,490	5,917	1,490	5,917
1-4 family residential
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance			1,225	308
Credit Loss Expense			(740)	1,194
Charge-offs			(25)	(21)
Recoveries			(85)	(33)
1-4 family residential \| ASU 2016-13
Allowance for Loan and Lease Losses [Roll Forward]
Impact of Adopting ASC 326				513
1-4 family residential \| Loans Held for Investment
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	631	1,087
Credit Loss Expense	(62)	935
Charge-offs	(25)	0
Recoveries	(1)	(5)
Reclassification to Held For Sale				0
Ending Balance	545	2,027	545	2,027
Farmland
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance			832	670
Credit Loss Expense			(163)	(229)
Charge-offs			0	0
Recoveries			0	(80)
Farmland \| ASU 2016-13
Allowance for Loan and Lease Losses [Roll Forward]
Impact of Adopting ASC 326				437
Farmland \| Loans Held for Investment
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	699	1,021
Credit Loss Expense	(30)	(143)
Charge-offs	0	0
Recoveries	0	(80)
Reclassification to Held For Sale				0
Ending Balance	669	958	669	958
Commercial
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance			22,040	12,566
Credit Loss Expense			(6,749)	11,660
Charge-offs			(281)	(645)
Recoveries			(664)	(335)
Commercial \| ASU 2016-13
Allowance for Loan and Lease Losses [Roll Forward]
Impact of Adopting ASC 326				(184)
Commercial \| Loans Held for Investment
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	17,158	20,145
Credit Loss Expense	(1,678)	3,427
Charge-offs	(8)	(339)
Recoveries	(202)	(50)
Reclassification to Held For Sale				(449)
Ending Balance	15,674	23,283	15,674	23,283
Factored receivables
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance			56,463	7,657
Credit Loss Expense			7,361	1,416
Charge-offs			(42,086)	(2,254)
Recoveries			(85)	(55)
Factored receivables \| ASU 2016-13
Allowance for Loan and Lease Losses [Roll Forward]
Impact of Adopting ASC 326				(1,630)
Factored receivables \| Loans Held for Investment
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	19,716	6,134
Credit Loss Expense	2,643	(47)
Charge-offs	(583)	(860)
Recoveries	(47)	(17)
Reclassification to Held For Sale				0
Ending Balance	21,823	5,244	21,823	5,244
Consumer
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance			542	488
Credit Loss Expense			(252)	553
Charge-offs			(169)	(293)
Recoveries			(115)	(72)
Consumer \| ASU 2016-13
Allowance for Loan and Lease Losses [Roll Forward]
Impact of Adopting ASC 326				(52)
Consumer \| Loans Held for Investment
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	296	674
Credit Loss Expense	(59)	142
Charge-offs	(90)	(89)
Recoveries	(89)	(41)
Reclassification to Held For Sale				0
Ending Balance	236	768	236	768
Mortgage warehouse
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance			1,037	668
Credit Loss Expense			(184)	209
Charge-offs			0	0
Recoveries			0	0
Mortgage warehouse \| ASU 2016-13
Allowance for Loan and Lease Losses [Roll Forward]
Impact of Adopting ASC 326				0
Mortgage warehouse \| Loans Held for Investment
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	1,031	739
Credit Loss Expense	(178)	138
Charge-offs	0	0
Recoveries	0	0
Reclassification to Held For Sale				0
Ending Balance	$ 853	$ 877	$ 853	$ 877

Loans and Allowance for Credit Losses - Summary of Amortized Cost Basis of Collateral Dependent Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Financing Receivable, Allowance for Credit Loss [Line Items]
ACL Allocation	$ 45,694	$ 95,739
Commercial real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	5,337	12,616
ACL Allocation	267	1,334
Commercial real estate \| Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	4,763	12,454
Commercial real estate \| Accounts Receivable
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	0	0
Commercial real estate \| Equipment
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	0	0
Commercial real estate \| Other
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	574	162
Construction, land development, land
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	2,214	2,317
ACL Allocation	250	271
Construction, land development, land \| Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	2,214	2,317
Construction, land development, land \| Accounts Receivable
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	0	0
Construction, land development, land \| Equipment
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	0	0
Construction, land development, land \| Other
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	0	0
1-4 family residential
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	1,633	2,196
ACL Allocation	38	34
1-4 family residential \| Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	1,515	1,948
1-4 family residential \| Accounts Receivable
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	0	0
1-4 family residential \| Equipment
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	0	0
1-4 family residential \| Other
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	118	248
Farmland
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	2,170	2,530
ACL Allocation	0	0
Farmland \| Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	2,035	2,189
Farmland \| Accounts Receivable
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	0	0
Farmland \| Equipment
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	135	143
Farmland \| Other
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	0	198
Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	13,212	17,007
ACL Allocation	3,135	5,163
Commercial \| Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	2,240	1,813
Commercial \| Accounts Receivable
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	0	0
Commercial \| Equipment
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	5,277	5,842
Commercial \| Other
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	5,695	9,352
Factored receivables
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	44,919	92,437
ACL Allocation	14,830	51,371
Factored receivables \| Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	0	0
Factored receivables \| Accounts Receivable
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	44,919	92,437
Factored receivables \| Equipment
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	0	0
Factored receivables \| Other
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	0	0
Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	176	253
ACL Allocation	0	37
Consumer \| Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	0	0
Consumer \| Accounts Receivable
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	0	0
Consumer \| Equipment
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	0	0
Consumer \| Other
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	176	253
Mortgage warehouse
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	0	0
ACL Allocation	0	0
Mortgage warehouse \| Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	0	0
Mortgage warehouse \| Accounts Receivable
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	0	0
Mortgage warehouse \| Equipment
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	0	0
Mortgage warehouse \| Other
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	0	0
Collateral dependent loans
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	69,661	129,356
ACL Allocation	18,520	58,210
Collateral dependent loans \| Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	12,767	20,721
Collateral dependent loans \| Accounts Receivable
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	44,919	92,437
Collateral dependent loans \| Equipment
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	5,412	5,985
Collateral dependent loans \| Other
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost	$ 6,563	$ 10,213

Loans and Allowance for Credit Losses - Summary of Contractually Past Due and Nonaccrual Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans past due	$ 110,369	$ 160,677
Current	4,720,846	4,836,099
Amortized Cost	4,831,215	4,996,776
Past Due 90 Days or More and Accruing	37,036	72,774
Past Due 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans past due	43,205	39,928
Past Due 60-90 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans past due	21,988	32,983
Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans past due	45,176	87,766
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans past due	1,907	9,282
Current	699,669	769,876
Amortized Cost	701,576	779,158
Past Due 90 Days or More and Accruing	0	0
Commercial real estate \| Past Due 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans past due	551	1,512
Commercial real estate \| Past Due 60-90 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans past due	138	147
Commercial real estate \| Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans past due	1,218	7,623
Construction, land development, land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans past due	2,182	1,509
Current	183,262	218,138
Amortized Cost	185,444	219,647
Past Due 90 Days or More and Accruing	0	22
Construction, land development, land \| Past Due 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans past due	0	185
Construction, land development, land \| Past Due 60-90 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans past due	977	1,001
Construction, land development, land \| Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans past due	1,205	323
1-4 family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans past due	1,873	3,378
Current	133,415	153,769
Amortized Cost	135,288	157,147
Past Due 90 Days or More and Accruing	0	0
1-4 family residential \| Past Due 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans past due	492	1,978
1-4 family residential \| Past Due 60-90 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans past due	628	448
1-4 family residential \| Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans past due	753	952
Farmland
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans past due	698	1,707
Current	90,424	101,978
Amortized Cost	91,122	103,685
Past Due 90 Days or More and Accruing	0	0
Farmland \| Past Due 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans past due	149	407
Farmland \| Past Due 60-90 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans past due	151	1,000
Farmland \| Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans past due	398	300
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans past due	15,969	9,619
Current	1,437,614	1,553,338
Amortized Cost	1,453,583	1,562,957
Past Due 90 Days or More and Accruing	0	35
Commercial \| Past Due 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans past due	2,038	2,084
Commercial \| Past Due 60-90 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans past due	9,370	1,765
Commercial \| Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans past due	4,561	5,770
Factored receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans past due	87,361	134,600
Current	1,310,938	986,170
Amortized Cost	1,398,299	1,120,770
Past Due 90 Days or More and Accruing	37,036	72,717
Factored receivables \| Past Due 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans past due	39,715	33,377
Factored receivables \| Past Due 60-90 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans past due	10,610	28,506
Factored receivables \| Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans past due	37,036	72,717
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans past due	379	582
Current	12,010	15,256
Amortized Cost	12,389	15,838
Past Due 90 Days or More and Accruing	0	0
Consumer \| Past Due 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans past due	260	385
Consumer \| Past Due 60-90 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans past due	114	116
Consumer \| Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans past due	5	81
Mortgage warehouse
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans past due	0	0
Current	853,514	1,037,574
Amortized Cost	853,514	1,037,574
Past Due 90 Days or More and Accruing	0	0
Mortgage warehouse \| Past Due 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans past due	0	0
Mortgage warehouse \| Past Due 60-90 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans past due	0	0
Mortgage warehouse \| Past Due 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans past due	$ 0	$ 0

Loans and Allowance for Credit Losses - Summary of Amortized Cost Basis of Loans on Nonaccrual Status (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual	$ 22,960	$ 34,073
Nonaccrual With No ACL	14,827	13,921
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual	3,749	9,945
Nonaccrual With No ACL	3,045	3,461
Construction, land development, land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual	2,191	2,294
Nonaccrual With No ACL	1,194	1,199
1-4 family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual	1,516	1,848
Nonaccrual With No ACL	1,442	1,651
Farmland
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual	2,170	2,531
Nonaccrual With No ACL	2,170	2,531
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual	13,158	17,202
Nonaccrual With No ACL	6,800	4,891
Factored receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual	0	0
Nonaccrual With No ACL	0	0
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual	176	253
Nonaccrual With No ACL	176	188
Mortgage warehouse
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual	0	0
Nonaccrual With No ACL	$ 0	$ 0

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		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest reversed through interest income	$ 28	$ 27	$ 38	$ 115
Commercial real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest reversed through interest income	8	2	8	64
Construction, land development, land
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest reversed through interest income	0	0	0	0
1-4 family residential
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest reversed through interest income	0	2	1	10
Farmland
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest reversed through interest income	0	0	6	0
Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest reversed through interest income	20	23	23	39
Factored receivables
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest reversed through interest income	0	0	0	0
Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest reversed through interest income	0	0	0	2
Mortgage warehouse
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest reversed through interest income	$ 0	$ 0	$ 0	$ 0

Loans and Allowance for Credit Losses - Schedule of Nonperforming Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	$ 22,960	$ 34,073
Factored receivables greater than 90 days past due	37,036	72,774
Troubled Debt Restructuring
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	6,068	13,321
Factored receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	0	0
Factored receivables greater than 90 days past due	37,036	72,717
Nonperforming Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	22,960	34,073
Other nonperforming factored receivables	1,454	10,029
Troubled debt restructurings accruing interest	17	3
Total loans	51,390	58,032
Nonperforming Loans \| Factored receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Factored receivables greater than 90 days past due	$ 26,959	$ 13,927

Loans and Allowance for Credit Losses - Schedule of Loans Modified as Troubled Debt Restructurings (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021 USD ($) investment	Jun. 30, 2020 USD ($) loan	Jun. 30, 2021 USD ($) loan	Jun. 30, 2020 USD ($) investment loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Modifications		$ 290		$ 14,124
Number of Loans	0	4		9
Financing receivable, modifications of loans cares act	$ 0	$ 576,604	$ 10,459	$ 605,351
Extended Amortization Period
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Modifications		44		8,085
Payment Deferrals
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Modifications		246		6,039
Protective Advances
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Modifications		0		0
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Modifications		$ 246	$ 741	$ 246
Number of Loans \| loan		2	1	2
Commercial real estate \| Extended Amortization Period
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Modifications		$ 0	$ 0	$ 0
Commercial real estate \| Payment Deferrals
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Modifications		246	0	246
Commercial real estate \| Protective Advances
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Modifications		0	$ 741	0
Construction, land development, land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Modifications				$ 8
Number of Loans \| investment				1
Construction, land development, land \| Extended Amortization Period
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Modifications				$ 8
Construction, land development, land \| Payment Deferrals
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Modifications				0
Construction, land development, land \| Protective Advances
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Modifications				0
Farmland
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Modifications				$ 3,486
Number of Loans \| investment				1
Farmland \| Extended Amortization Period
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Modifications				$ 3,486
Farmland \| Payment Deferrals
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Modifications				0
Farmland \| Protective Advances
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Modifications				0
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Modifications		$ 44		$ 10,384
Number of Loans \| loan		2		5
Commercial \| Extended Amortization Period
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Modifications		$ 44		$ 4,591
Commercial \| Payment Deferrals
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Modifications		0		5,793
Commercial \| Protective Advances
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Modifications		$ 0		$ 0

Loans and Allowance for Credit Losses - Summary of Amortized Cost of Loans Currently in Deferral (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Mar. 31, 2021	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans		$ 4,831,215		$ 4,996,776
Balance of Loans Currently in Deferral	$ 104,597	$ 53,651
Percentage of Portfolio	2.10%	1.10%
Accrued Interest Receivable	$ 726	$ 208
ASU 2016-13
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impact of Adopting ASC 326			$ 269
Loans Held for Investment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Reclassification to Held For Sale			(449)
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans		701,576		779,158
Balance of Loans Currently in Deferral	$ 69,980	$ 51,568
Percentage of Portfolio	9.00%	7.40%
Accrued Interest Receivable	$ 357	$ 176
Commercial real estate \| ASU 2016-13
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impact of Adopting ASC 326			1,372
Commercial real estate \| Loans Held for Investment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Reclassification to Held For Sale			0
Construction, land development, land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans		185,444		219,647
Balance of Loans Currently in Deferral	$ 18,821	$ 1,320
Percentage of Portfolio	8.60%	0.70%
Accrued Interest Receivable	$ 183	$ 20
Construction, land development, land \| ASU 2016-13
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impact of Adopting ASC 326			(187)
Construction, land development, land \| Loans Held for Investment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Reclassification to Held For Sale			0
1-4 family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans		135,288		157,147
Balance of Loans Currently in Deferral	$ 1,129	$ 491
Percentage of Portfolio	0.70%	0.40%
Accrued Interest Receivable	$ 15	$ 11
1-4 family residential \| ASU 2016-13
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impact of Adopting ASC 326			513
1-4 family residential \| Loans Held for Investment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Reclassification to Held For Sale			0
Farmland
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans		91,122		103,685
Balance of Loans Currently in Deferral	$ 0	$ 0
Percentage of Portfolio	0.00%	0.00%
Accrued Interest Receivable	$ 0	$ 0
Farmland \| ASU 2016-13
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impact of Adopting ASC 326			437
Farmland \| Loans Held for Investment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Reclassification to Held For Sale			0
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans		1,453,583		1,562,957
Balance of Loans Currently in Deferral	$ 14,561	$ 272
Percentage of Portfolio	0.90%	0.00%
Accrued Interest Receivable	$ 166	$ 1
Commercial \| ASU 2016-13
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impact of Adopting ASC 326			(184)
Commercial \| Loans Held for Investment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Reclassification to Held For Sale			(449)
Factored receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans		1,398,299		1,120,770
Balance of Loans Currently in Deferral	$ 0	$ 0
Percentage of Portfolio	0.00%	0.00%
Accrued Interest Receivable	$ 0	$ 0
Factored receivables \| ASU 2016-13
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impact of Adopting ASC 326			(1,630)
Factored receivables \| Loans Held for Investment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Reclassification to Held For Sale			0
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans		12,389		15,838
Balance of Loans Currently in Deferral	$ 106	$ 0
Percentage of Portfolio	0.70%	0.00%
Accrued Interest Receivable	$ 5	$ 0
Consumer \| ASU 2016-13
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impact of Adopting ASC 326			(52)
Consumer \| Loans Held for Investment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Reclassification to Held For Sale			0
Mortgage warehouse
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans		853,514		$ 1,037,574
Balance of Loans Currently in Deferral	$ 0	$ 0
Percentage of Portfolio	0.00%	0.00%
Accrued Interest Receivable	$ 0	$ 0
Mortgage warehouse \| ASU 2016-13
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impact of Adopting ASC 326			0
Mortgage warehouse \| Loans Held for Investment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Reclassification to Held For Sale			$ 0

Goodwill and Intangible Assets - Schedule of Intangible Assets and Goodwill (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Goodwill And Intangible Assets [Line Items]
Goodwill	$ 236,965	$ 163,209
Gross Carrying Amount	90,070	62,778
Accumulated Amortization	(40,468)	(36,065)
Net Carrying Amount	49,602	26,713
Core deposit intangibles
Goodwill And Intangible Assets [Line Items]
Gross Carrying Amount	43,578	43,578
Accumulated Amortization	(29,694)	(27,436)
Net Carrying Amount	13,884	16,142
Software intangible assets
Goodwill And Intangible Assets [Line Items]
Gross Carrying Amount	16,932	0
Accumulated Amortization	(353)	0
Net Carrying Amount	16,579	0
Other intangible assets
Goodwill And Intangible Assets [Line Items]
Gross Carrying Amount	29,560	19,200
Accumulated Amortization	(10,421)	(8,629)
Net Carrying Amount	$ 19,139	$ 10,571

Goodwill and Intangible Assets - Schedule of Changes in Goodwill and Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Goodwill [Roll Forward]
Beginning balance	$ 188,006	$ 188,208	$ 189,922	$ 190,286
Acquired goodwill	73,697	0	73,697	0
Acquired intangible assets	27,292	0	27,292	0
Acquired goodwill - measurement period adjustment	0	0	59
Amortization of intangibles	(2,428)	(2,046)	(4,403)	(4,124)
Ending balance	$ 286,567	$ 186,162	$ 286,567	$ 186,162

Derivative Financial Instruments - Additional Information (Details)	6 Months Ended
	Jun. 30, 2021 USD ($)
Derivative Instruments, Gain (Loss) [Line Items]
Fair value of derivatives in a net liability position	$ 0
Terminal value of agreements	0
Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Amount of estimate additional reclassified as an increase in interest expense	$ 38,000

Derivative Financial Instruments - Schedule of Fair Value of Derivative Financial Instruments Classification on Balance Sheet (Details) - Derivatives Designated as Hedging Instruments - Interest rate swaps - Other Assets - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Derivatives, Fair Value [Line Items]
Notional Amount	$ 200,000	$ 200,000
Fair Value Total	$ 3,939	$ 816

Derivative Financial Instruments - Schedule of Effect of Fair Value and Cash Flow Hedge on Accumulated Other Comprehensive Income, Net of Tax (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Recognized in OCI on Derivative	$ (429)	$ (246)	$ 2,377	$ (246)
Amount of Gain or (Loss) Reclassified from AOCI into Income	(22)	0	(40)	0
Interest rate swaps
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Recognized in OCI on Derivative	(429)	(246)		(246)
Interest rate swaps \| Derivatives in Cash Flow Hedging Relationships
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Recognized in OCI on Derivative			2,377
Interest rate swaps \| Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Reclassified from AOCI into Income	$ 29	$ 0		$ 0
Interest rate swaps \| Interest Expense \| Derivatives in Cash Flow Hedging Relationships
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Reclassified from AOCI into Income			$ 52

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

Variable Interest Entities - Additional Information - (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Variable Interest Entity [Line Items]
Securities - held to maturity, net carrying amount	$ 5,658	$ 5,919
Collateralized Loan Obligation Funds
Variable Interest Entity [Line Items]
Securities - held to maturity, net carrying amount	$ 5,658	$ 5,919

Off-Balance Sheet Loan Commitments - Summary of Financial Instruments with Off-Balance Sheet Risk - (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Unused lines of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	$ 28,955	$ 43,406
Variable Rate	539,215	547,430
Financial instruments, off balance sheet risk	568,170	590,836
Standby letters of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	7,808	5,464
Variable Rate	6,201	8,429
Financial instruments, off balance sheet risk	14,009	13,893
Commitments to purchase loans
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	0	0
Variable Rate	97,115	66,373
Financial instruments, off balance sheet risk	97,115	66,373
Mortgage warehouse commitments
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	0	0
Variable Rate	699,865	417,722
Financial instruments, off balance sheet risk	$ 699,865	$ 417,722

Off-Balance Sheet Loan Commitments - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Other Noninterest Expense
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Credit loss expense (benefit)	$ 293	$ 911	$ (921)	$ 3,848
Other Liabilities
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Allowance for credit losses on off-balance sheet credit exposure	$ 4,084		$ 4,084		$ 5,005

Fair Value Disclosures - Additional Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Indemnification asset, expected cash payments to be received	$ 5,499	$ 39,200
Discount rate	4.60%	8.80%
Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Selling and closing costs for loans as a percentage of appraised value	5.00%
Real estate selling and closing costs, percentage of appraised value	5.00%
Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Selling and closing costs for loans as a percentage of appraised value	8.00%
Real estate selling and closing costs, percentage of appraised value	8.00%

Fair Value Disclosures - Reconciliation of Opening Balance to Closing Balance of Fair Value of Contingent Consideration (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Indemnification recognized			$ (35,633)	$ 0
Level 3
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 5,246	$ 0	36,225	0
Indemnification asset recognized in business combination	0	0	0	0
Change in fair value of indemnification asset recognized in earnings	0	0	4,654	0
Indemnification recognized	0	0	(35,633)	0
Ending balance	$ 5,246	$ 0	$ 5,246	$ 0

Fair Value Disclosures - Estimated Fair Value of Company's Financial Assets and Financial Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Financial assets:
Cash and cash equivalents, carrying amount	$ 444,439	$ 314,393
Securities - held to maturity, carrying amount	5,658	5,919
Loans not previously presented carrying amount	4,789,720	4,953,399
FHLB and other restricted stock, carrying amount	8,096	6,751
Accrued interest receivable, carrying amount	17,514	19,435
Cash and cash equivalents, fair value	444,439	314,393
Securities - held to maturity, fair value	5,622	5,850
Loans not previously presented, fair value	4,807,460	4,978,882
Accrued interest receivable, fair value	17,514	19,435
Financial liabilities:
Deposits, carrying amount	4,725,450	4,716,600
Customer repurchase agreements, carrying amount	9,243	3,099
Federal Home Loan Bank advances, carrying amount	130,000	105,000
Paycheck Protection Program Liquidity Facility	139,673	191,860
Subordinated notes, carrying amount	87,620	87,509
Junior subordinated debentures	40,333	40,072
Accrued interest payable, carrying amount	2,223	4,270
Deposits, fair value	4,726,832	4,719,625
Customer repurchase agreements, fair value	9,243	3,099
Federal Home Loan Bank advances, fair value	130,000	105,000
Paycheck Protection Program Liquidity Facility, fair value	139,673	191,860
Subordinated notes, fair value	90,752	89,413
Junior subordinated debentures, fair value	40,934	40,379
Accrued interest payable, fair value	2,223	4,270
Level 1
Financial assets:
Cash and cash equivalents, fair value	444,439	314,393
Securities - held to maturity, fair value	0	0
Loans not previously presented, fair value	174,987	195,739
Accrued interest receivable, fair value	17,514	19,435
Financial liabilities:
Deposits, fair value	0	0
Customer repurchase agreements, fair value	0	0
Federal Home Loan Bank advances, fair value	0	0
Paycheck Protection Program Liquidity Facility, fair value	0	0
Subordinated notes, fair value	0	0
Junior subordinated debentures, fair value	0	0
Accrued interest payable, fair value	2,223	4,270
Level 2
Financial assets:
Cash and cash equivalents, fair value	0	0
Securities - held to maturity, fair value	0	0
Loans not previously presented, fair value	0	0
Accrued interest receivable, fair value	0	0
Financial liabilities:
Deposits, fair value	4,726,832	4,719,625
Customer repurchase agreements, fair value	9,243	3,099
Federal Home Loan Bank advances, fair value	130,000	105,000
Paycheck Protection Program Liquidity Facility, fair value	139,673	191,860
Subordinated notes, fair value	90,752	89,413
Junior subordinated debentures, fair value	40,934	40,379
Accrued interest payable, fair value	0	0
Level 3
Financial assets:
Cash and cash equivalents, fair value	0	0
Securities - held to maturity, fair value	5,622	5,850
Loans not previously presented, fair value	4,632,473	4,783,143
Accrued interest receivable, fair value	0	0
Financial liabilities:
Deposits, fair value	0	0
Customer repurchase agreements, fair value	0	0
Federal Home Loan Bank advances, fair value	0	0
Paycheck Protection Program Liquidity Facility, fair value	0	0
Subordinated notes, fair value	0	0
Junior subordinated debentures, fair value	0	0
Accrued interest payable, fair value	$ 0	$ 0

Regulatory Matters - Schedule of Actual Capital Amounts and Ratios (Details) $ in Thousands	Jun. 30, 2021 USD ($)	Dec. 31, 2020 USD ($)
Triumph Bancorp Inc
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total Capital (to Risk Weighted Assets) Actual Amount	$ 676,963	$ 715,142
Total Capital (to Risk Weighted Assets) Actual Ratio	0.126	0.130
Total Capital (to Risk Weighted Assets) Minimum for Capital Adequacy Purposes Amount	$ 429,818	$ 440,087
Total Capital (to Risk Weighted Assets) Minimum for Capital Adequacy Purposes Ratio	0.080	0.080
Tier 1 Capital (to Risk Weighted Assets) Actual Amount	$ 552,960	$ 581,580
Tier 1 Capital (to Risk Weighted Assets) Actual Ratio	0.103	0.106
Tier 1 Capital (to Risk Weighted Assets) Minimum for Capital Adequacy Purposes Amount	$ 322,113	$ 329,196
Tier 1 Capital (to Risk Weighted Assets) Minimum for Capital Adequacy Purposes Ratio	0.060	0.060
Common Equity Tier 1 Capital (to Risk Weighted Assets) Actual Amount	$ 467,627	$ 496,508
Common Equity Tier 1 Capital (to Risk Weighted Assets) Actual Ratio	0.087	0.090
Common Equity Tier 1 Capital (to Risk Weighted Assets) Minimum for Capital Adequacy Purposes Amount	$ 241,876	$ 248,254
Common Equity Tier 1 Capital (to Risk Weighted Assets) Minimum for Capital Adequacy Purposes Ratio	4.50%	4.50%
Tier 1 Capital (to Average Assets) Actual Amount	$ 552,960	$ 581,580
Tier 1 Capital (to Average Assets) Actual Ratio	0.097	0.108
Tier 1 Capital (to Average Assets) Minimum for Capital Adequacy Purposes Amount	$ 228,025	$ 215,400
Tier 1 Capital (to Average Assets) Minimum for Capital Adequacy Purposes Ratio	0.040	0.040
TBK Bank SSB
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total Capital (to Risk Weighted Assets) Actual Amount	$ 621,589	$ 653,359
Total Capital (to Risk Weighted Assets) Actual Ratio	0.118	0.121
Total Capital (to Risk Weighted Assets) Minimum for Capital Adequacy Purposes Amount	$ 421,416	$ 431,973
Total Capital (to Risk Weighted Assets) Minimum for Capital Adequacy Purposes Ratio	0.080	0.080
Total Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 526,770	$ 539,966
Total Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	0.100	0.100
Tier 1 Capital (to Risk Weighted Assets) Actual Amount	$ 586,413	$ 608,737
Tier 1 Capital (to Risk Weighted Assets) Actual Ratio	0.111	0.113
Tier 1 Capital (to Risk Weighted Assets) Minimum for Capital Adequacy Purposes Amount	$ 316,980	$ 323,223
Tier 1 Capital (to Risk Weighted Assets) Minimum for Capital Adequacy Purposes Ratio	0.060	0.060
Tier 1 Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 422,640	$ 430,964
Tier 1 Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	0.080	0.080
Common Equity Tier 1 Capital (to Risk Weighted Assets) Actual Amount	$ 586,413	$ 608,737
Common Equity Tier 1 Capital (to Risk Weighted Assets) Actual Ratio	0.111	0.113
Common Equity Tier 1 Capital (to Risk Weighted Assets) Minimum for Capital Adequacy Purposes Amount	$ 237,735	$ 242,417
Common Equity Tier 1 Capital (to Risk Weighted Assets) Minimum for Capital Adequacy Purposes Ratio	4.50%	4.50%
Common Equity Tier 1 Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 343,395	$ 350,158
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	$ 586,413	$ 608,737
Tier 1 Capital (to Average Assets) Actual Ratio	0.104	0.113
Tier 1 Capital (to Average Assets) Minimum for Capital Adequacy Purposes Amount	$ 225,543	$ 215,482
Tier 1 Capital (to Average Assets) Minimum for Capital Adequacy Purposes Ratio	0.040	0.040
Tier 1 Capital (to Average Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 281,929	$ 269,353
Tier 1 Capital (to Average Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	0.050	0.050

Stockholders' Equity - Summary of Capital Structure (Details) - USD ($)			3 Months Ended	6 Months Ended
	Sep. 30, 2020	Jun. 19, 2020	Mar. 31, 2021	Jun. 30, 2021	Dec. 31, 2020
Class of Stock [Line Items]
Shares authorized (in shares)				50,000,000	50,000,000
Shares issued (in shares)				28,209,760	27,951,721
Treasury shares (in shares)				(3,100,057)	(3,083,503)
Shares outstanding (in shares)				25,109,703	24,868,218
Par value per share (in dollars per share)				$ 0.01	$ 0.01
Preferred Stock Series C
Class of Stock [Line Items]
Shares authorized (in shares)				51,750	51,750
Shares issued (in shares)		45,000		45,000	45,000
Shares outstanding (in shares)				45,000	45,000
Par value per share (in dollars per shares)		$ 0.01		$ 0.01	$ 0.01
Liquidation preference per share (in dollars per shares)		$ 1,000		$ 1,000	$ 1,000
Liquidation preference amount				$ 45,000,000	$ 45,000,000
Dividend rate	7.125%	7.125%	7.125%	7.125%

Stockholders' Equity - Additional Information (Details)			3 Months Ended				6 Months Ended
Stockholders' Equity - Additional Information (Details)	Sep. 30, 2020	Jun. 19, 2020 USD ($) $ / shares shares	Jun. 30, 2021 USD ($) $ / shares shares	Mar. 31, 2021	Jun. 30, 2020 USD ($)	Mar. 31, 2020 USD ($) $ / shares shares	Jun. 30, 2021 USD ($) $ / shares shares	Jun. 30, 2020 USD ($)	Dec. 31, 2020 $ / shares shares	Oct. 16, 2019 USD ($)
Class of Stock [Line Items]
Issuance of preferred stock, net of issuance costs					$ 42,364,000		$ 0	$ 42,364,000
Shares repurchased value and held into treasury stock			$ 1,241,000		$ 186,000	$ 35,586,000
Share repurchase program
Class of Stock [Line Items]
Shares repurchased and held into treasury stock (in shares) \| shares			0			871,319
Shares repurchased, average price per share (in dollars per share) \| $ / shares						$ 40.81
Shares repurchased value and held into treasury stock						$ 35,600,000
Amount authorized under stock repurchase program										$ 50,000,000
Series C Preferred Stock
Class of Stock [Line Items]
Preferred stock, shares issued (in shares) \| shares		45,000	45,000				45,000		45,000
Preferred stock, dividend rate	7.125%	7.125%		7.125%			7.125%
Preferred stock, par value per share (in dollars per shares) \| $ / shares		$ 0.01	$ 0.01				$ 0.01		$ 0.01
Preferred stock, liquidation preference per share (in dollars per shares) \| $ / shares		$ 1,000	$ 1,000				$ 1,000		$ 1,000
Stock issued during period shares (in shares) \| shares		1,800,000
Depositary shares, ownership interest		0.025
Gross proceeds from preferred stock offering		$ 45,000,000
Issuance of preferred stock, net of issuance costs		$ 42,364,000

Stock Based Compensation - Additional Information (Details) - USD ($)		2 Months Ended	3 Months Ended		6 Months Ended
	May 16, 2019	Mar. 31, 2021	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation			$ 3,386,000	$ 966,000	$ 4,736,000	$ 2,134,000
Shares purchased under ESPP during period (in shares)		0
2014 Omnibus Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares approved for issuance (in shares)							2,450,000
2014 Omnibus Incentive Plan \| Restricted Stock Awards (RSAs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation cost			19,299,000		$ 19,299,000
Remaining period to recognize cost					3 years 6 months 18 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
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation cost			2,798,000		$ 2,798,000
Remaining period to recognize cost					2 years 10 months 20 days
2014 Omnibus Incentive Plan \| Restricted stock units \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation, award vesting period					4 years
2014 Omnibus Incentive Plan \| Restricted stock units \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation, award vesting period					5 years
2014 Omnibus Incentive Plan \| Performance stock units - market based
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation cost			$ 2,480,000		$ 2,480,000
Remaining period to recognize cost					2 years 3 months 14 days
2014 Omnibus Incentive Plan \| Performance stock units - market based \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation, award vesting period					3 years
Stock based compensation, award vesting percentage					0.00%
2014 Omnibus Incentive Plan \| Performance stock units - market based \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation, award vesting period					5 years
Stock based compensation, award vesting percentage					175.00%
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	$ 0
Stock based compensation, award vesting period					3 years
Remaining period to recognize cost			1 year 6 months
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			$ 20,871,000		$ 20,871,000
2014 Omnibus Incentive Plan \| Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation, award vesting period					4 years
Remaining period to recognize cost					2 years 10 months 6 days
Total unrecognized compensation cost			$ 681,000		$ 681,000
Employees stock options contractual terms					10 years
2019 Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock reserved for issuance (in shares)	2,500,000
Purchase price of common stock, percentage	85.00%

Stock Based Compensation - Summary of Changes in Company's Nonvested Restricted Stock Awards (Details) - Restricted Stock Awards (RSAs)	6 Months Ended
	Jun. 30, 2021 $ / shares shares
Shares
Nonvested Shares, Beginning balance (in shares) \| shares	205,536
Nonvested Shares, Granted (in shares) \| shares	228,900
Nonvested Shares, Vested (in shares) \| shares	(69,926)
Nonvested Shares, Forfeited (in shares) \| shares	(2,385)
Nonvested Shares, Ending balance (in shares) \| shares	362,125
Weighted-Average Grant-Date Fair Value
Weighted-Average Grant-Date Fair Value, Nonvested, Beginning balance (in dollars per share) \| $ / shares	$ 29.17
Weighted-Average Grant-Date Fair Value, Nonvested, Granted (in dollars per share) \| $ / shares	87.81
Weighted-Average Grant-Date Fair Value, Nonvested, Vested (in dollars per share) \| $ / shares	31.45
Weighted-Average Grant-Date Fair Value, Nonvested, Forfeited (in dollars per share) \| $ / shares	30.14
Weighted-Average Grant-Date Fair Value, Nonvested, Ending balance (in dollars per share) \| $ / shares	$ 65.75

Stock Based Compensation - Summary of Changes in Company's Nonvested Restricted Stock Units (Details) - Restricted stock units	6 Months Ended
	Jun. 30, 2021 $ / shares shares
Shares
Nonvested Shares, Beginning balance (in shares) \| shares	89,713
Nonvested Shares, Granted (in shares) \| shares	17,757
Nonvested Shares, Vested (in shares) \| shares	0
Nonvested Shares, Forfeited (in shares) \| shares	0
Nonvested Shares, Ending balance (in shares) \| shares	107,470
Weighted-Average Grant-Date Fair Value
Weighted-Average Grant-Date Fair Value, Nonvested, Beginning balance (in dollars per share) \| $ / shares	$ 33.34
Weighted-Average Grant-Date Fair Value, Nonvested, Granted (in dollars per share) \| $ / shares	84.47
Weighted-Average Grant-Date Fair Value, Nonvested, Vested (in dollars per share) \| $ / shares	0
Weighted-Average Grant-Date Fair Value, Nonvested, Forfeited (in dollars per share) \| $ / shares	0
Weighted-Average Grant-Date Fair Value, Nonvested, Ending balance (in dollars per share) \| $ / shares	$ 41.79

Stock Based Compensation - Summary of Changes in Company's Nonvested Market Based Performance Stock Units (Details) - Performance stock units - market based	6 Months Ended
	Jun. 30, 2021 $ / shares shares
Shares
Nonvested Shares, Beginning balance (in shares) \| shares	85,611
Nonvested Shares, Granted (in shares) \| shares	13,520
Nonvested Shares, Vested (in shares) \| shares	0
Nonvested Shares, Forfeited (in shares) \| shares	0
Nonvested Shares, Ending balance (in shares) \| shares	99,131
Weighted-Average Grant-Date Fair Value
Weighted-Average Grant-Date Fair Value, Nonvested, Beginning balance (in dollars per share) \| $ / shares	$ 35.65
Weighted-Average Grant-Date Fair Value, Nonvested, Granted (in dollars per share) \| $ / shares	98.03
Weighted-Average Grant-Date Fair Value, Nonvested, Vested (in dollars per share) \| $ / shares	0
Weighted-Average Grant-Date Fair Value, Nonvested, Forfeited (in dollars per share) \| $ / shares	0
Weighted-Average Grant-Date Fair Value, Nonvested, Ending balance (in dollars per share) \| $ / shares	$ 44.16

Stock Based Compensation - Schedule of Performance Stock Units, Valuation Assumptions (Details) - Performance stock units - market based - $ / shares	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant date	May 01, 2021	May 01, 2020
Performance period	3 years	3 years
Stock price (in dollars per share)	$ 88.63	$ 26.25
Triumph stock price volatility	51.71%	43.02%
Risk-free rate	0.35%	0.25%

Stock Based Compensation - Summary of Changes in Company's Nonvested Performance Based Performance Stock Units (Details) - Performance Based Performance Stock Units (Performance Based PSUs)	6 Months Ended
	Jun. 30, 2021 $ / shares shares
Shares
Nonvested Shares, Beginning balance (in shares) \| shares	256,625
Nonvested Shares, Granted (in shares) \| shares	9,000
Nonvested Shares, Vested (in shares) \| shares	0
Nonvested Shares, Forfeited (in shares) \| shares	0
Nonvested Shares, Ending balance (in shares) \| shares	265,625
Weighted-Average Grant-Date Fair Value
Weighted-Average Grant-Date Fair Value, Nonvested, Beginning balance (in dollars per share) \| $ / shares	$ 37.56
Weighted-Average Grant-Date Fair Value, Nonvested, Granted (in dollars per share) \| $ / shares	88.63
Weighted-Average Grant-Date Fair Value, Nonvested, Vested (in dollars per share) \| $ / shares	0
Weighted-Average Grant-Date Fair Value, Nonvested, Forfeited (in dollars per share) \| $ / shares	0
Weighted-Average Grant-Date Fair Value, Nonvested, Ending balance (in dollars per share) \| $ / shares	$ 39.29

Stock Based Compensation - Summary of Changes in Company's Stock Options (Details) - Stock options - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2021
Shares
Stock Options, Beginning Balance (in shares)	227,986
Stock Options, Granted (in shares)	16,939
Stock Options, Exercised (in shares)	(46,132)
Stock Options, Forfeited or expired (in shares)	0
Stock Options, Ending Balance (in shares)	198,793
Stock Options, Fully vested shares and shares expected (in shares)	198,793
Stock Options, Shares exercisable (in shares)	136,032
Weighted-Average Exercise Price
Weighted-Average Exercise Price, Beginning Balance (in dollars per share)	$ 25.16
Weighted-Average Exercise Price, Granted (in dollars per share)	88.63
Weighted-Average Exercise Price, Exercised (in dollars per share)	24.47
Weighted-Average Exercise Price, Forfeited or expired (in dollars per share)	0
Weighted-Average Exercise Price, Ending Balance (in dollars per share)	30.99
Weighted-Average Exercise Price, Fully vested shares and shares expected to vest (in dollars per share)	30.99
Weighted-Average Exercise Price, Shares exercisable (in dollars per share)	$ 24.02
Weighted-Average Remaining Contractual Term (In Years)
Weighted-Average Remaining Contractual Term, Outstanding	6 years 7 months 24 days
Weighted-Average Remaining Contractual Term, Fully vested shares and shares expected to vest	6 years 7 months 24 days
Weighted-Average Remaining Contractual Term, Shares exercisable	5 years 9 months
Aggregate Intrinsic Value (In Thousands)
Aggregate Intrinsic Value, Outstanding	$ 8,843
Aggregate Intrinsic Value, Fully vested shares and shares expected to vest	8,843
Aggregate Intrinsic Value, Shares exercisable	$ 6,833

Stock Based Compensation - Schedule of Information Related to Stock Options (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cash received from option exercises	$ 146	$ 0
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate intrinsic value of options exercised	2,249	0
Cash received from option exercises	146	0
Tax benefit realized from option exercises	$ 472	$ 0
Weighted average fair value per share of options granted (in dollars per share)	$ 35.37	$ 8.85

Stock Based Compensation - Fair Value of Stock Options Granted Using Weighted-Average Assumptions (Details) - Stock options	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate	1.16%	0.46%
Expected term	6 years 3 months	6 years 3 months
Expected stock price volatility	39.26%	33.83%
Dividend yield	0.00%	0.00%

Earnings Per Share - Factors Used in Computation of Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Basic
Net income to common stockholders	$ 27,180	$ 13,440	$ 60,302	$ 8,990
Weighted average common shares outstanding (in shares)	24,724,128	23,987,049	24,699,754	24,150,689
Basic earnings per common share (in dollars per share)	$ 1.10	$ 0.56	$ 2.44	$ 0.37
Diluted
Net income to common stockholders	$ 27,180	$ 13,440	$ 60,302	$ 8,990
Weighted average common shares outstanding (in shares)	24,724,128	23,987,049	24,699,754	24,150,689
Dilutive effects of:
Average shares and dilutive potential common shares (in shares)	25,209,007	24,074,442	25,193,041	24,294,507
Diluted earnings per common share (in dollars per share)	$ 1.08	$ 0.56	$ 2.39	$ 0.37
Stock options
Dilutive effects of:
Stock based compensation (in shares)	134,358	38,627	133,219	55,753
Restricted stock awards
Dilutive effects of:
Stock based compensation (in shares)	139,345	37,751	156,029	66,364
Restricted stock units
Dilutive effects of:
Stock based compensation (in shares)	73,155	4,689	70,236	13,255
Performance stock units - market based
Dilutive effects of:
Stock based compensation (in shares)	134,313	6,326	131,240	8,446
Performance stock units - performance based
Dilutive effects of:
Stock based compensation (in shares)	0	0	0	0
Employee stock purchase program
Dilutive effects of:
Stock based compensation (in shares)	3,708	0	2,563	0

Earnings Per Share - Schedule of Shares not Considered in Computing Diluted Earnings per Common Share (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares (in shares)	16,939	148,528	16,939	98,956
Restricted stock awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares (in shares)	0	109,834	209,040	0
Restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares (in shares)	0	38,801	17,757	0
Performance stock units - market based
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares (in shares)	13,520	76,461	13,520	76,461
Performance stock units - performance based
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares (in shares)	265,625	262,625	265,625	262,625
Employee stock purchase program
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares (in shares)	0	0	0	0

Business Segment Information - Banking Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Segment Reporting Information [Line Items]
Total interest income	$ 94,688	$ 74,398	$ 183,041	$ 149,812
Intersegment interest allocations	0	0	0	0
Total interest expense	4,406	10,147	9,739	23,061
Net interest income	90,282	64,251	173,302	126,751
Credit loss expense (benefit)	(1,806)	13,609	(9,651)	33,907
Net interest income after credit loss expense (benefit)	92,088	50,642	182,953	92,844
Gain on sale of subsidiary or division	0	9,758	0	9,758
Other noninterest income		10,271	28,187	17,748
Noninterest income	13,896	20,029	28,187	27,506
Noninterest expense	70,798	52,726	131,690	107,479
Net income before income tax expense	35,186	17,945	79,450	12,871
Total assets	6,015,877		6,015,877		$ 5,935,791
Gross loans	4,831,215		4,831,215		4,996,776
Operating Segments \| Banking
Segment Reporting Information [Line Items]
Total interest income	47,356	53,311	97,912	104,591
Total interest expense	2,610	8,272	6,152	19,192
Net interest income	47,469	47,614	97,425	91,078
Credit loss expense (benefit)	(4,335)	11,916	(16,788)	30,630
Net interest income after credit loss expense (benefit)	51,804	35,698	114,213	60,448
Gain on sale of subsidiary or division		9,758		9,758
Other noninterest income		8,804	17,768	15,069
Noninterest income	10,018
Noninterest expense	41,860	36,467	81,314	75,658
Net income before income tax expense	19,962	17,793	50,667	9,617
Total assets	5,712,986		5,712,986		5,791,537
Gross loans	4,498,536		4,498,536		4,788,093
Operating Segments \| Factoring
Segment Reporting Information [Line Items]
Total interest income	44,653	20,387	80,477	43,884
Total interest expense	0	0	0	0
Net interest income	42,069	17,900	75,118	38,323
Credit loss expense (benefit)	2,444	(160)	6,927	1,384
Net interest income after credit loss expense (benefit)	39,625	18,060	68,191	36,939
Gain on sale of subsidiary or division		0		0
Other noninterest income		1,072	9,153	2,368
Noninterest income	2,742
Noninterest expense	17,174	11,967	33,327	24,030
Net income before income tax expense	25,193	7,165	44,017	15,277
Total assets	1,357,395		1,357,395		1,121,704
Gross loans	1,284,314		1,284,314		1,036,548
Operating Segments \| Payments
Segment Reporting Information [Line Items]
Total interest income	2,675	692	4,644	1,079
Total interest expense	0	0	0	0
Net interest income	2,536	604	4,338	961
Credit loss expense (benefit)	218	124	510	165
Net interest income after credit loss expense (benefit)	2,318	480	3,828	796
Gain on sale of subsidiary or division		0		0
Other noninterest income		12	1,156	27
Noninterest income	1,083
Noninterest expense	10,842	3,315	14,977	5,759
Net income before income tax expense	(7,441)	(2,823)	(9,993)	(4,936)
Total assets	219,918		219,918		115,836
Gross loans	113,985		113,985		84,222
Operating Segments \| Corporate
Segment Reporting Information [Line Items]
Total interest income	4	8	8	258
Total interest expense	1,796	1,875	3,587	3,869
Net interest income	(1,792)	(1,867)	(3,579)	(3,611)
Credit loss expense (benefit)	(133)	1,729	(300)	1,728
Net interest income after credit loss expense (benefit)	(1,659)	(3,596)	(3,279)	(5,339)
Gain on sale of subsidiary or division		0		0
Other noninterest income		383	110	284
Noninterest income	53
Noninterest expense	922	977	2,072	2,032
Net income before income tax expense	(2,528)	(4,190)	(5,241)	(7,087)
Total assets	930,446		930,446		861,967
Gross loans	700		700		800
Eliminations
Segment Reporting Information [Line Items]
Total assets	(2,204,868)		(2,204,868)		(1,955,253)
Gross loans	(1,066,320)		(1,066,320)		$ (912,887)
Eliminations \| Banking
Segment Reporting Information [Line Items]
Intersegment interest allocations	2,723	2,575	5,665	5,679
Eliminations \| Factoring
Segment Reporting Information [Line Items]
Intersegment interest allocations	(2,584)	(2,487)	(5,359)	(5,561)
Eliminations \| Payments
Segment Reporting Information [Line Items]
Intersegment interest allocations	(139)	(88)	(306)	(118)
Eliminations \| Corporate
Segment Reporting Information [Line Items]
Intersegment interest allocations	$ 0	$ 0	$ 0	$ 0

Fair Value Disclosures - Fair Value of Assets Measured on Non-recurring Basis (Details) - Fair Value, Measurements, Nonrecurring - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring	$ 41,853	$ 49,950
Collateral dependent loans \| Commercial real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring	7,462	5,107
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	747	824
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	39	0
Collateral dependent loans \| Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring	3,131	2,355
Collateral dependent loans \| Factored receivables
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring	30,090	41,065
Collateral dependent loans \| Consumer
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring	26	3
Collateral dependent loans \| PCI
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring
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	67	273
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	70	114
Other real estate owned \| Construction
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring	221
Other real estate owned \| Farmland
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring		209
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring	0	0
Level 1 \| Collateral dependent loans \| Commercial real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring	0	0
Level 1 \| Collateral dependent loans \| Construction, land development, land
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring	0	0
Level 1 \| Collateral dependent loans \| 1-4 family residential
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring	0	0
Level 1 \| Collateral dependent loans \| Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring	0	0
Level 1 \| Collateral dependent loans \| Factored receivables
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring	0	0
Level 1 \| Collateral dependent loans \| Consumer
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring	0	0
Level 1 \| Collateral dependent loans \| PCI
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring
Level 1 \| 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	0	0
Level 1 \| 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	0	0
Level 1 \| Other real estate owned \| Construction
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring	0
Level 1 \| Other real estate owned \| Farmland
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring		0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring	0	0
Level 2 \| Collateral dependent loans \| Commercial real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring	0	0
Level 2 \| Collateral dependent loans \| Construction, land development, land
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring	0	0
Level 2 \| Collateral dependent loans \| 1-4 family residential
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring	0	0
Level 2 \| Collateral dependent loans \| Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring	0	0
Level 2 \| Collateral dependent loans \| Factored receivables
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring	0	0
Level 2 \| Collateral dependent loans \| Consumer
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring	0	0
Level 2 \| Collateral dependent loans \| PCI
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring
Level 2 \| 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	0	0
Level 2 \| 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	0	0
Level 2 \| Other real estate owned \| Construction
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring	0
Level 2 \| Other real estate owned \| Farmland
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring		0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring	41,853	49,950
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	7,462	5,107
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	747	824
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	39	0
Level 3 \| Collateral dependent loans \| Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring	3,131	2,355
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	30,090	41,065
Level 3 \| Collateral dependent loans \| Consumer
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring	26	3
Level 3 \| Collateral dependent loans \| PCI
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring
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	67	273
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	70	114
Level 3 \| Other real estate owned \| Construction
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring	$ 221
Level 3 \| Other real estate owned \| Farmland
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, nonrecurring		$ 209

Loans and Allowance for Credit Losses - Summary of Analysis Performed Risk category Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year	$ 2,734,207	$ 3,099,340
One year before current fiscal year	1,066,513	297,651
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	211,426	223,296
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	124,236	176,207
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	107,297	125,446
Prior	123,491	564,204
Revolving Loans	462,471	492,022
Revolving Loans Converted To Term Loans	1,574	18,610
Amortized Cost	4,831,215	4,996,776
Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year	2,721,275	3,036,816
One year before current fiscal year	1,023,549	292,404
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	196,312	221,622
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	123,084	174,591
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	106,813	120,268
Prior	121,192	559,960
Revolving Loans	454,601	480,696
Revolving Loans Converted To Term Loans	1,574	18,610
Amortized Cost	4,748,400	4,904,967
Classified
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year	12,932	62,524
One year before current fiscal year	42,964	5,247
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	15,114	1,674
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	1,152	1,616
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	484	5,178
Prior	2,299	4,244
Revolving Loans	7,870	11,326
Revolving Loans Converted To Term Loans	0	0
Amortized Cost	82,815	91,809
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year	137,543	281,704
One year before current fiscal year	337,753	96,324
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	50,797	62,208
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	37,231	50,482
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	58,428	28,585
Prior	52,344	231,281
Revolving Loans	27,480	27,666
Revolving Loans Converted To Term Loans	0	908
Amortized Cost	701,576	779,158
Commercial real estate \| Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year	136,320	271,406
One year before current fiscal year	332,972	94,085
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	50,755	62,075
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	37,062	49,115
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	58,315	27,921
Prior	52,074	230,731
Revolving Loans	27,480	27,666
Revolving Loans Converted To Term Loans	0	908
Amortized Cost	694,978	763,907
Commercial real estate \| Classified
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year	1,223	10,298
One year before current fiscal year	4,781	2,239
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	42	133
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	169	1,367
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	113	664
Prior	270	550
Revolving Loans	0	0
Revolving Loans Converted To Term Loans	0	0
Amortized Cost	6,598	15,251
Construction, land development, land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year	45,306	74,180
One year before current fiscal year	92,744	12,524
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	12,464	11,829
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	32,148	5,820
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	1,362	8,946
Prior	1,409	105,836
Revolving Loans	11	12
Revolving Loans Converted To Term Loans	0	500
Amortized Cost	185,444	219,647
Construction, land development, land \| Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year	45,283	72,149
One year before current fiscal year	90,760	12,490
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	12,464	11,829
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	32,148	5,820
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	1,362	8,946
Prior	1,202	105,584
Revolving Loans	11	12
Revolving Loans Converted To Term Loans	0	500
Amortized Cost	183,230	217,330
Construction, land development, land \| Classified
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year	23	2,031
One year before current fiscal year	1,984	34
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	0	0
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	0	0
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	0	0
Prior	207	252
Revolving Loans	0	0
Revolving Loans Converted To Term Loans	0	0
Amortized Cost	2,214	2,317
1-4 family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year	16,394	59,773
One year before current fiscal year	25,018	11,429
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	11,061	11,562
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	7,922	9,005
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	10,899	4,411
Prior	29,381	20,216
Revolving Loans	33,734	35,431
Revolving Loans Converted To Term Loans	879	5,320
Amortized Cost	135,288	157,147
1-4 family residential \| Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year	16,196	58,300
One year before current fiscal year	24,606	11,280
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	11,061	11,425
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	7,913	8,982
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	10,891	4,400
Prior	28,444	20,167
Revolving Loans	33,652	35,326
Revolving Loans Converted To Term Loans	879	5,320
Amortized Cost	133,642	155,200
1-4 family residential \| Classified
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year	198	1,473
One year before current fiscal year	412	149
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	0	137
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	9	23
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	8	11
Prior	937	49
Revolving Loans	82	105
Revolving Loans Converted To Term Loans	0	0
Amortized Cost	1,646	1,947
Farmland
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year	7,733	38,206
One year before current fiscal year	15,202	10,502
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	13,301	7,791
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	13,260	15,262
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	11,834	7,930
Prior	28,558	21,162
Revolving Loans	1,099	2,346
Revolving Loans Converted To Term Loans	135	486
Amortized Cost	91,122	103,685
Farmland \| Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year	7,013	37,212
One year before current fiscal year	14,678	10,095
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	12,559	7,388
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	12,891	15,262
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	11,706	7,908
Prior	28,252	20,572
Revolving Loans	942	1,421
Revolving Loans Converted To Term Loans	135	486
Amortized Cost	88,176	100,344
Farmland \| Classified
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year	720	994
One year before current fiscal year	524	407
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	742	403
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	369	0
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	128	22
Prior	306	590
Revolving Loans	157	925
Revolving Loans Converted To Term Loans	0	0
Amortized Cost	2,946	3,341
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year	298,384	478,605
One year before current fiscal year	568,329	164,593
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	122,763	128,552
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	32,809	94,344
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	21,582	74,875
Prior	9,075	184,099
Revolving Loans	400,081	426,493
Revolving Loans Converted To Term Loans	560	11,396
Amortized Cost	1,453,583	1,562,957
Commercial \| Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year	297,395	470,477
One year before current fiscal year	557,276	162,203
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	108,433	127,569
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	32,206	94,154
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	21,412	70,405
Prior	8,605	181,312
Revolving Loans	392,450	416,197
Revolving Loans Converted To Term Loans	560	11,396
Amortized Cost	1,418,337	1,533,713
Commercial \| Classified
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year	989	8,128
One year before current fiscal year	11,053	2,390
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	14,330	983
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	603	190
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	170	4,470
Prior	470	2,787
Revolving Loans	7,631	10,296
Revolving Loans Converted To Term Loans	0	0
Amortized Cost	35,246	29,244
Factored receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year	1,374,089	1,120,770
One year before current fiscal year	24,210	0
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	0	0
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	0	0
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	0	0
Prior	0	0
Revolving Loans	0	0
Revolving Loans Converted To Term Loans	0	0
Amortized Cost	1,398,299	1,120,770
Factored receivables \| Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year	1,364,310	1,081,316
One year before current fiscal year	0	0
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	0	0
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	0	0
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	0	0
Prior	0	0
Revolving Loans	0	0
Revolving Loans Converted To Term Loans	0	0
Amortized Cost	1,364,310	1,081,316
Factored receivables \| Classified
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year	9,779	39,454
One year before current fiscal year	24,210	0
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	0	0
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	0	0
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	0	0
Prior	0	0
Revolving Loans	0	0
Revolving Loans Converted To Term Loans	0	0
Amortized Cost	33,989	39,454
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year	1,244	8,528
One year before current fiscal year	3,257	2,279
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	1,040	1,354
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	866	1,294
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	3,192	699
Prior	2,724	1,610
Revolving Loans	66	74
Revolving Loans Converted To Term Loans	0	0
Amortized Cost	12,389	15,838
Consumer \| Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year	1,244	8,382
One year before current fiscal year	3,257	2,251
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	1,040	1,336
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	864	1,258
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	3,127	688
Prior	2,615	1,594
Revolving Loans	66	74
Revolving Loans Converted To Term Loans	0	0
Amortized Cost	12,213	15,583
Consumer \| Classified
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year	0	146
One year before current fiscal year	0	28
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	0	18
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	2	36
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	65	11
Prior	109	16
Revolving Loans	0	0
Revolving Loans Converted To Term Loans	0	0
Amortized Cost	176	255
Mortgage warehouse
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year	853,514	1,037,574
One year before current fiscal year	0	0
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	0	0
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	0	0
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	0	0
Prior	0	0
Revolving Loans	0	0
Revolving Loans Converted To Term Loans	0	0
Amortized Cost	853,514	1,037,574
Mortgage warehouse \| Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year	853,514	1,037,574
One year before current fiscal year	0	0
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	0	0
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	0	0
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	0	0
Prior	0	0
Revolving Loans	0	0
Revolving Loans Converted To Term Loans	0	0
Amortized Cost	853,514	1,037,574
Mortgage warehouse \| Classified
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year	0	0
One year before current fiscal year	0	0
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	0	0
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	0	0
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	0	0
Prior	0	0
Revolving Loans	0	0
Revolving Loans Converted To Term Loans	0	0
Amortized Cost	$ 0	$ 0

Fair Value Disclosures - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Assets measured at fair value on a recurring basis
Securities - available for sale	$ 193,627	$ 224,310
Securities - equity investments	5,854	5,826
Indemnification asset	5,246	36,225
Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities - available for sale	193,627	224,310
Loans held for sale	31,136	24,546
Indemnification asset	5,246
Fair Value, Measurements, Recurring \| Interest rate swaps
Assets measured at fair value on a recurring basis
Derivative financial instruments (cash flow hedges)	3,939	816
Mutual fund
Assets measured at fair value on a recurring basis
Securities - equity investments	5,854	5,826
Mutual fund \| Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities - equity investments	5,854	5,826
U.S. Government agency obligations
Assets measured at fair value on a recurring basis
Securities - available for sale	10,024	15,088
U.S. Government agency obligations \| Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities - available for sale	10,024	15,088
Mortgage-backed securities, residential
Assets measured at fair value on a recurring basis
Securities - available for sale	21,194	27,684
Mortgage-backed securities, residential \| Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities - available for sale	21,194	27,684
Asset-backed securities
Assets measured at fair value on a recurring basis
Securities - available for sale	6,963	7,039
Asset-backed securities \| Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities - available for sale	6,963	7,039
State and municipal
Assets measured at fair value on a recurring basis
Securities - available for sale	34,466	37,395
State and municipal \| Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities - available for sale	34,466	37,395
CLO securities
Assets measured at fair value on a recurring basis
Securities - available for sale	112,309	122,204
CLO securities \| Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities - available for sale	112,309	122,204
Corporate bonds
Assets measured at fair value on a recurring basis
Securities - available for sale	5,724	11,573
Corporate bonds \| Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities - available for sale	5,724	11,573
SBA pooled securities
Assets measured at fair value on a recurring basis
Securities - available for sale	2,947	3,327
SBA pooled securities \| Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities - available for sale	2,947	3,327
Level 1 \| Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities - available for sale	0	0
Loans held for sale	0	0
Indemnification asset	0	0
Level 1 \| Fair Value, Measurements, Recurring \| Interest rate swaps
Assets measured at fair value on a recurring basis
Derivative financial instruments (cash flow hedges)	0	0
Level 1 \| Mutual fund \| Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities - equity investments	5,854	5,826
Level 1 \| U.S. Government agency obligations \| Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities - available for sale	0	0
Level 1 \| Mortgage-backed securities, residential \| Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities - available for sale	0	0
Level 1 \| Asset-backed securities \| Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities - available for sale	0	0
Level 1 \| State and municipal \| Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities - available for sale	0	0
Level 1 \| CLO securities \| Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities - available for sale	0	0
Level 1 \| Corporate bonds \| Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities - available for sale	0	0
Level 1 \| SBA pooled securities \| Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities - available for sale	0	0
Level 2 \| Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities - available for sale	193,627	224,310
Loans held for sale	31,136	24,546
Indemnification asset	0	0
Level 2 \| Fair Value, Measurements, Recurring \| Interest rate swaps
Assets measured at fair value on a recurring basis
Derivative financial instruments (cash flow hedges)	3,939	816
Level 2 \| Mutual fund \| Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities - equity investments	0	0
Level 2 \| U.S. Government agency obligations \| Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities - available for sale	10,024	15,088
Level 2 \| Mortgage-backed securities, residential \| Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities - available for sale	21,194	27,684
Level 2 \| Asset-backed securities \| Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities - available for sale	6,963	7,039
Level 2 \| State and municipal \| Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities - available for sale	34,466	37,395
Level 2 \| CLO securities \| Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities - available for sale	112,309	122,204
Level 2 \| Corporate bonds \| Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities - available for sale	5,724	11,573
Level 2 \| SBA pooled securities \| Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities - available for sale	2,947	3,327
Level 3 \| Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities - available for sale	0	0
Loans held for sale	0	0
Indemnification asset	5,246	36,225
Level 3 \| Fair Value, Measurements, Recurring \| Interest rate swaps
Assets measured at fair value on a recurring basis
Derivative financial instruments (cash flow hedges)	0	0
Level 3 \| Mutual fund \| Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities - equity investments	0	0
Level 3 \| U.S. Government agency obligations \| Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities - available for sale	0	0
Level 3 \| Mortgage-backed securities, residential \| Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities - available for sale	0	0
Level 3 \| Asset-backed securities \| Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities - available for sale	0	0
Level 3 \| State and municipal \| Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities - available for sale	0	0
Level 3 \| CLO securities \| Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities - available for sale	0	0
Level 3 \| Corporate bonds \| Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities - available for sale	0	0
Level 3 \| SBA pooled securities \| Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Securities - available for sale	$ 0	$ 0