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Consolidated Statements Of Changes Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Consolidated Statements Of Changes Of Cash Flows [Abstract]    
Net income $ 29,608 $ 9,601
Adjustments to reconcile net income to net cash from operating activities:    
Provision for loan and lease losses 10,915
Depreciation 381 316
Amortization, net (1,510) (96)
Deferred income tax (benefit) (3,045) (187)
Originations of loans held for sale (2,229,042) (726,208)
Proceeds from sale of loans held for sale 2,130,712 625,509
Net gains on sales of loans (58,366) (10,767)
Write-down of premises and equipment 265  
Gain on sale of foreclosed assets   (12)
Earnings on bank owned life insurance (145) (142)
Stock-based compensation expense 711 527
Net change in:    
Accrued interest receivable and other assets (18,451) (3,412)
Operating lease right-of-use asset 393 404
Operating lease right-of-use liability (428) (408)
Accrued interest payable and other liabilities 14,537 1,337
Net cash used by operating activities (123,465) (103,538)
Cash flows from investing activities    
Available-for-sale securities: Maturities, prepayments and calls 5,091 3,576
Available-for-sale securities: Purchases (5,552) (1,494)
Purchase of equity securities (5,000)  
Purchase of bank owned life insurance (12,000)  
Loan and lease originations and payments, net (241,102) (118,467)
Proceeds from the sale of loans 1,439 6,547
Additions to premises and equipment (385) (443)
Purchase of FRB and FHLB Stock (1,839) (532)
Purchase of other investments (1,000) (734)
Return of investment- joint ventures 594 95
Proceeds from the sale of foreclosed assets   50
Net cash used by investing activities (259,754) (111,402)
Cash flows from financing activities:    
Net change in deposits 366,747 166,537
Proceeds from FHLB advances and other debt 575,137 766,700
Repayments on FHLB advances and other debt (452,224) (764,700)
Net change in warehouse line of credit 70,013  
Net change in advances by borrowers for taxes and insurance 100 102
Cash dividends paid on common stock (195)  
Proceeds from exercise of stock options 36  
Net proceeds from issuance of Series C preferred stock in private placement   14,000
Net proceeds from issuance of common stock in private placement   9,641
Exercise of warrants to common stock   1,258
Acquisition of treasury shares surrendered upon vesting of restricted stock for payment of taxes (32) (23)
Purchase of treasury shares (648)  
Net cash from financing activities 558,934 193,515
Net change in cash and cash equivalents 175,715 (21,425)
Beginning cash and cash equivalents 45,879 67,304
Ending cash and cash equivalents 221,594 45,879
Supplemental cash flow information:    
Interest paid 14,296 13,427
Income tax paid 10,300 2,510
Supplemental noncash disclosures:    
Loans transferred from held for sale to portfolio 1,725 657
Investment payable on limited liability corporation and limited partnership 500 1,170
Transfer of other liability to operating lease right-of-use asset   184
Initial recognition of operating right-of-use lease asset   2,368
Initial recognition of operating right-of-use lease liability   2,368
Loans held for sale funded with other debt (7,517) $ 7,517
Dividends payable $ 2