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CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2021
Mar. 31, 2021
Sep. 30, 2020
Mar. 31, 2020
Sep. 30, 2021
Sep. 30, 2020
Dec. 31, 2020
Cash Flows from Operating Activities:              
Net income (loss) $ 8,794 $ 18,889 $ 250 $ (4,534) $ 25,847 $ (8,403)  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:              
Depreciation of premises and equipment 100   100   147 252  
Amortization of developed software 2,800   2,700   8,467 8,229  
Amortization of other intangible assets 100   100   240 584  
Amortization of leased assets         644 760  
Share-based compensation expense         87 370  
Gain on fair value of private warrant liability (6,042)   0   (17,989) 0  
Changes in operating assets and liabilities:              
Accounts receivable, net         2,886 2,108  
Prepaid expenses and other current assets         302 8,451  
Receivable from partner bank         0 (1,189)  
Other assets         (631) (397)  
Accounts payable and accrued liabilities         105 4,205  
Taxes payable         863 0  
Operating lease liabilities         (535) (815)  
Deferred revenue         (160) 511  
Payable to partner bank         1,809 0  
Other liabilities         0 (2,998)  
Net Cash Provided by Operating Activities         22,082 11,668  
Cash Flows from Investing Activities:              
Purchase or development of internal use software         (501) (3,102)  
Purchases of premises and equipment         (51) (50)  
Net Cash Used in Investing Activities         (552) (3,152)  
Cash Flows from Financing Activities:              
Payment of capital distribution to partner bank         0 (326)  
Repayment of borrowings from partner bank         (21,000) 0  
Recapitalization transaction         16,888 0  
Net Cash Used in Financing Activities         (4,112) (326)  
Net Increase in Cash and Cash Equivalents         17,418 8,190  
Cash and Cash Equivalents – Beginning   $ 2,989   $ 8,586 2,989 8,586 $ 8,586
Cash and Cash Equivalents – Ending $ 20,407   $ 16,776   20,407 16,776 $ 2,989
Supplementary Cash Flow Information:              
Income taxes paid (received), net of refunds         3,124 (704)  
Interest paid         178 0  
Noncash Operating, Investing and Financing Activities:              
Share-based compensation expense recorded as capital contribution from partner bank         $ 0 $ 370