v3.25.1
SEGMENTS (Details)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
USD ($)
segment
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Segment Reporting Information [Line Items]      
Number of reportable segments | segment 5    
Goodwill allocation percentage 100.00%    
Interest income $ 121,418 $ 94,373 $ 38,617
Interest expense 81,113 67,739 26,325
Net interest income 40,305 26,634 12,292
Provision for credit losses 26,216 11,704 0
Net interest income after provision for credit losses 14,089 14,930 12,292
Noninterest income 217,312 176,772 92,878
Technology services expense 12,261 14,272 0
Electronic payment processing expense 19,878 18,327 0
Salaries and employee benefits expense 77,931 65,708 20,186
Professional services expense 15,813 13,077 7,134
Other loan origination and maintenance expense 13,770 9,433 30,746
Loss on extinguishment of debt 0 271 417
Depreciation and amortization 1,784 2,884 239
Other general and administrative costs 21,272 22,357 7,673
Net income before taxes 68,692 45,373 38,775
Income tax expense (benefit) 17,839 (1,956) 6,464
Net income 50,853 47,329 32,311
Assets 2,059,912 1,429,513  
Goodwill and intangibles 14,752 30,120  
Amortization expense $ 539 1,468 $ 0
Minimum      
Segment Reporting Information [Line Items]      
Equity capital allocation percentage 0.00%    
Maximum      
Segment Reporting Information [Line Items]      
Equity capital allocation percentage 25.00%    
Operating Segments | Banking      
Segment Reporting Information [Line Items]      
Interest income $ 69,576 34,349  
Interest expense 29,855 16,625  
Net interest income 39,721 17,724  
Provision for credit losses 26,216 11,704  
Net interest income after provision for credit losses 13,505 6,020  
Noninterest income 136,080 92,129  
Technology services expense 0 0  
Electronic payment processing expense 0 0  
Salaries and employee benefits expense 45,346 35,385  
Professional services expense 3,941 2,903  
Other loan origination and maintenance expense 20,385 9,373  
Loss on extinguishment of debt   0  
Depreciation and amortization 182 208  
Other general and administrative costs 12,426 10,506  
Net income before taxes 67,305 39,774  
Income tax expense (benefit) 15,308 11,647  
Net income 51,997 28,127  
Assets 1,238,899 683,202  
Goodwill and intangibles 938 1,114  
Amortization expense 176 197  
Operating Segments | Alternative Lending      
Segment Reporting Information [Line Items]      
Interest income 15,073 8,198  
Interest expense 3,539 4,035  
Net interest income 11,534 4,163  
Provision for credit losses 0 0  
Net interest income after provision for credit losses 11,534 4,163  
Noninterest income 55,824 12,278  
Technology services expense 0 0  
Electronic payment processing expense 0 0  
Salaries and employee benefits expense 1,202 0  
Professional services expense 165 294  
Other loan origination and maintenance expense 6,095 2,222  
Loss on extinguishment of debt   0  
Depreciation and amortization 0 0  
Other general and administrative costs 172 117  
Net income before taxes 59,724 13,808  
Income tax expense (benefit) 0 (150)  
Net income 59,724 13,958  
Assets 439,101 196,062  
Goodwill and intangibles 0 0  
Amortization expense 0 0  
Operating Segments | Technology      
Segment Reporting Information [Line Items]      
Interest income 6 0  
Interest expense 0 246  
Net interest income 6 (246)  
Provision for credit losses 0 0  
Net interest income after provision for credit losses 6 (246)  
Noninterest income 27,020 31,692  
Technology services expense 12,575 14,794  
Electronic payment processing expense 0 0  
Salaries and employee benefits expense 8,690 8,989  
Professional services expense 678 468  
Other loan origination and maintenance expense 38 11  
Loss on extinguishment of debt   0  
Depreciation and amortization 1,062 1,498  
Other general and administrative costs 3,794 4,090  
Net income before taxes 189 1,596  
Income tax expense (benefit) 103 229  
Net income 86 1,367  
Assets 23,317 23,403  
Goodwill and intangibles 0 15,179  
Amortization expense 350 466  
Operating Segments | NSBF      
Segment Reporting Information [Line Items]      
Interest income 36,655 50,823  
Interest expense 21,097 26,796  
Net interest income 15,558 24,027  
Provision for credit losses 0 0  
Net interest income after provision for credit losses 15,558 24,027  
Noninterest income (23,410) 25,142  
Technology services expense 0 0  
Electronic payment processing expense 0 0  
Salaries and employee benefits expense 219 973  
Professional services expense 2,482 1,508  
Other loan origination and maintenance expense 16,069 24,327  
Loss on extinguishment of debt   271  
Depreciation and amortization 114 123  
Other general and administrative costs 1,948 4,906  
Net income before taxes (28,684) 17,061  
Income tax expense (benefit) 0 0  
Net income (28,684) 17,061  
Assets 479,896 633,206  
Goodwill and intangibles 0 0  
Amortization expense 0 0  
Operating Segments | Payments      
Segment Reporting Information [Line Items]      
Interest income 2,362 2,087  
Interest expense 2,984 3,577  
Net interest income (622) (1,490)  
Provision for credit losses 0 0  
Net interest income after provision for credit losses (622) (1,490)  
Noninterest income 48,852 46,422  
Technology services expense 0 0  
Electronic payment processing expense 21,046 19,680  
Salaries and employee benefits expense 7,188 7,152  
Professional services expense 684 660  
Other loan origination and maintenance expense 0 0  
Loss on extinguishment of debt   0  
Depreciation and amortization 356 1,021  
Other general and administrative costs 2,757 3,087  
Net income before taxes 16,199 13,332  
Income tax expense (benefit) 0 1,178  
Net income 16,199 12,154  
Assets 60,347 51,819  
Goodwill and intangibles 13,814 13,827  
Amortization expense 13 805  
Elim      
Segment Reporting Information [Line Items]      
Interest income (1,867) (2,380)  
Interest expense (3,898) (4,034)  
Net interest income (2,233) 1,654  
Provision for credit losses 0 0  
Net interest income after provision for credit losses (2,233) 1,654  
Noninterest income (55,061) (75,028)  
Technology services expense 0 0  
Electronic payment processing expense 0 0  
Salaries and employee benefits expense 3,041 0  
Professional services expense 0 0  
Other loan origination and maintenance expense (95) (71)  
Loss on extinguishment of debt   0  
Depreciation and amortization 0 0  
Other general and administrative costs (2,916) (1,785)  
Net income before taxes (57,324) (71,518)  
Income tax expense (benefit) 15,411 0  
Net income (72,735) (71,518)  
Assets (605,643) (481,443)  
Elim | Banking      
Segment Reporting Information [Line Items]      
Interest income (2) 0  
Interest expense (643) (99)  
Net interest income 641 99  
Provision for credit losses 0 0  
Net interest income after provision for credit losses 641 99  
Noninterest income (28,068) (26,091)  
Technology services expense 0 0  
Electronic payment processing expense 0 0  
Salaries and employee benefits expense (2,531) 0  
Professional services expense 0 0  
Other loan origination and maintenance expense (14,060) (7,133)  
Loss on extinguishment of debt   0  
Depreciation and amortization 0 0  
Other general and administrative costs (2,548) (2,266)  
Net income before taxes (8,288) (16,593)  
Income tax expense (benefit) (15,308) 0  
Net income 7,020 (16,593)  
Assets (29,932) (29,136)  
Elim | Alternative Lending      
Segment Reporting Information [Line Items]      
Interest income (12) (3)  
Interest expense 0 0  
Net interest income (12) (3)  
Provision for credit losses 0 0  
Net interest income after provision for credit losses (12) (3)  
Noninterest income 0 0  
Technology services expense 0 0  
Electronic payment processing expense 0 0  
Salaries and employee benefits expense (1,202) 0  
Professional services expense 0 0  
Other loan origination and maintenance expense (4,044) (1,469)  
Loss on extinguishment of debt   0  
Depreciation and amortization 0 0  
Other general and administrative costs 0 0  
Net income before taxes 5,234 1,466  
Income tax expense (benefit) 0 0  
Net income 5,234 1,466  
Assets (97,352) (51,820)  
Elim | Technology      
Segment Reporting Information [Line Items]      
Interest income (6) 0  
Interest expense 0 (246)  
Net interest income (6) 246  
Provision for credit losses 0 0  
Net interest income after provision for credit losses (6) 246  
Noninterest income (7,139) (6,660)  
Technology services expense (314) (522)  
Electronic payment processing expense 0 0  
Salaries and employee benefits expense 0 0  
Professional services expense 0 0  
Other loan origination and maintenance expense 0 0  
Loss on extinguishment of debt   0  
Depreciation and amortization 0 0  
Other general and administrative costs (271) (236)  
Net income before taxes (6,560) (5,656)  
Income tax expense (benefit) (103) 0  
Net income (6,457) (5,656)  
Assets (1,393) (884)  
Elim | NSBF      
Segment Reporting Information [Line Items]      
Interest income (421) (75)  
Interest expense 0 0  
Net interest income (421) (75)  
Provision for credit losses 0 0  
Net interest income after provision for credit losses (421) (75)  
Noninterest income 0 0  
Technology services expense 0 0  
Electronic payment processing expense 0 0  
Salaries and employee benefits expense 682 0  
Professional services expense 0 0  
Other loan origination and maintenance expense (11,020) (18,100)  
Loss on extinguishment of debt   0  
Depreciation and amortization 0 0  
Other general and administrative costs (11) (24)  
Net income before taxes 9,928 18,049  
Income tax expense (benefit) 0 0  
Net income 9,928 18,049  
Assets (55,488) (97,683)  
Elim | Payments      
Segment Reporting Information [Line Items]      
Interest income (2,310) (2,053)  
Interest expense (77) (132)  
Net interest income (2,233) (1,921)  
Provision for credit losses 0 0  
Net interest income after provision for credit losses (2,233) (1,921)  
Noninterest income (2,028) (2,893)  
Technology services expense 0 0  
Electronic payment processing expense (1,168) (1,353)  
Salaries and employee benefits expense 11 0  
Professional services expense 0 0  
Other loan origination and maintenance expense 0 0  
Loss on extinguishment of debt   0  
Depreciation and amortization 0 0  
Other general and administrative costs (1,769) (1,910)  
Net income before taxes (1,335) (1,551)  
Income tax expense (benefit) 0 0  
Net income (1,335) (1,551)  
Assets (36,707) (27,154)  
Corporate & Other      
Segment Reporting Information [Line Items]      
Interest income 2,364 3,427  
Interest expense 28,256 20,971  
Net interest income (25,892) (17,544)  
Provision for credit losses 0 0  
Net interest income after provision for credit losses (25,892) (17,544)  
Noninterest income 65,242 79,781  
Technology services expense 0 0  
Electronic payment processing expense 0 0  
Salaries and employee benefits expense 15,285 13,209  
Professional services expense 7,863 7,244  
Other loan origination and maintenance expense 402 273  
Loss on extinguishment of debt   0  
Depreciation and amortization 70 34  
Other general and administrative costs 7,690 5,872  
Net income before taxes 8,040 35,605  
Income tax expense (benefit) 2,428 (14,860)  
Net income 5,612 50,465  
Assets 644,867 529,941  
Goodwill and intangibles 0 0  
Amortization expense $ 0 $ 0