XML 12 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Jun. 30, 2021
Dec. 31, 2020
ASSETS      
Cash and due from banks $ 53,077   $ 117,945 [1]
Federal funds sold 144,376   775 [1]
Securities available for sale, at fair value 360,098   109,475 [1]
Restricted and other equity investments 19,343   11,173 [1]
Other investments 13,550   6,565 [1]
Loans held for sale 144,111   148,209 [1]
Paycheck Protection Program loans, net of deferred fees and costs 46,648   288,533 [1]
Loans held for investment, net of deferred fees and costs 1,752,453   732,883 [1]
Less allowance for loan losses (12,614) $ (13,007) (13,827) [1]
Loans held for investment, net 1,739,839   719,056 [1]
Accrued interest receivable 9,900   5,428 [1]
Other real estate owned 227   0 [1]
Premises and equipment, net 26,963   14,831 [1]
Right-of-use asset 5,645   5,328 [1]
Bank owned life insurance 46,278   15,724 [1]
Goodwill 26,826   19,620 [1]
Other intangible assets 8,099   2,581 [1]
Mortgage derivative asset 3,456   5,293 [1]
Mortgage servicing rights, net 14,976   7,084 [1]
Mortgage brokerage receivable 4,316   8,516 [1]
Interest rate swap asset 5,838   1,716 [1]
Other assets 25,736   10,406 [1]
Total assets 2,699,302   1,498,258 [1]
Deposits:      
Noninterest-bearing demand 684,859   333,051 [1]
Interest-bearing demand and money market deposits 828,477   282,263 [1]
Savings 144,904   78,352 [1]
Time deposits 541,964   251,443 [1]
Total deposits 2,200,204   945,109 [1]
FHLB borrowings 125,115   115,000 [1]
FRB borrowings 33,857   281,650 [1]
Subordinated notes, net 40,503   24,506 [1]
Lease liability 7,113   5,506 [1]
Interest rate swap liability 1,239   2,735 [1]
Other liabilities 21,551   15,552 [1]
Total liabilities 2,429,582   1,390,058 [1]
Commitments and contingencies (Note 14)  
Stockholders’ Equity:      
Common stock, no par value; 25,000,000 shares authorized; 18,776,307 and 8,577,932 shares issued and outstanding at September 30, 2021 and December 31, 2020, respectively [2] 193,770   66,771 [1]
Additional paid-in capital 252   252 [1]
Retained earnings 73,189   40,688 [1]
Accumulated other comprehensive income, net of tax 2,283   264 [1]
Total stockholders' equity 269,494   107,975 [1]
Noncontrolling interest 226   225 [1]
Total stockholders’ equity 269,720 $ 266,826 108,200 [1]
Total liabilities and stockholders’ equity $ 2,699,302   $ 1,498,258 [1]
[1] Derived from audited December 31, 2020 Consolidated Financial Statements.
[2] Common stock as of the periods presented is reflective of the Company’s 3-for-2 stock split effective April 30, 2021.