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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net income $ 8,531 $ 6,291
Adjustments to reconcile net income to net cash:    
Net depreciation amortization and accretion 454 368
Provision for loan losses (2,031) 1,477
Net change in deferred loan fees 731 698
Stock-based compensation expense 586 293
Non-employee stock-based expense 100  
Change in fair value of equity securities (39)  
Net change in:    
Accrued interest receivable (889) 55
Accounts payable, accrued expenses and other liabilities 9,205 1,660
Debit card holder balances 7,838 (2,067)
Accrued interest payable (298) (295)
Accounts receivable, net 4,580 4,927
Receivable from prepaid card programs, net (8,298) 2,056
Prepaid expenses and other assets 559 (141)
Net cash provided by operating activities 21,029 15,322
Cash flows from investing activities:    
Loan originations, purchases and payments, net of recoveries (233,318) (118,967)
Proceeds from sale of loans   11,895
Redemptions of other investments 1,350 414
Purchases of other investments (2,715) (3,303)
Proceeds from paydowns and maturities of securities available for sale 1,042 1,408
Proceeds from paydowns of securities held to maturity 172 208
Purchase of premises and equipment, net 48 (716)
Net cash used in investing activities (233,421) (109,061)
Cash flows from financing activities:    
Proceeds from issuance of common stock, net   (33)
Proceeds from FHLB advances 350,000  
Repayments of FHLB advances (320,000) (9,198)
Redemption of common stock for tax withholdings for restricted stock vesting (88) (72)
Net increase in deposits 305,576 212,761
Net cash provided by financing activities 335,488 203,458
Increase in cash and cash equivalents 123,096 109,719
Cash and cash equivalents at the beginning of the period 232,950 261,231
Cash and cash equivalents at the end of the period 356,046 370,950
Cash paid for:    
Interest 6,395 2,472
Income Taxes $ 1,200 4,862
Non-cash item:    
Transfer of loans held for investment to held for sale   $ 11,895