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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Sep. 30, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 37,482,000 $ 14,496,000
Interest earning deposits with other banks (restricted cash of $0 at September 30, 2022 and December 31, 2021) 373,246,000 798,665,000
Fair Value 97,621,000 35,327,000
Investment securities, held to maturity, at amortized cost 1,250,000 1,296,000
Other investments 10,581,000 8,478,000
Loans held for sale 43,314,000 0
Allowance for loan losses (59,282,000) (28,632,000)
Total loans receivable, net 2,448,607,000 1,714,103,000
CCBX receivable 54,373,000 9,978,000
Premises and equipment, net 18,467,000 17,219,000
Operating lease right-of-use assets 5,293,000 6,105,000
Accrued interest receivable 13,114,000 8,105,000
Bank-owned life insurance, net 12,576,000 12,254,000
Deferred tax asset, net 13,997,000 6,818,000
Other assets 3,820,000 2,673,000
Total assets 3,133,741,000 2,635,517,000
LIABILITIES    
Deposits 2,837,066,000 2,363,787,000
Federal Home Loan Bank ("FHLB") advances 0 24,999,000
Principal amount $25,000 (less unamortized debt issuance costs of $657 and $712 ) at September 30, 2022 and December 31, 2021, respectively 24,343,000 24,288,000
Principal amount $3,609 (less unamortized debt issuance costs of $21 and $23 at September 30, 2022 and December 31, 2021, respectively) 3,588,000 3,586,000
Deferred compensation 648,000 744,000
Accrued interest payable 153,000 357,000
Operating lease liabilities 5,514,000 6,320,000
Other liabilities 33,696,000 10,214,000
Total liabilities 2,905,008,000 2,434,295,000
SHAREHOLDERS’ EQUITY    
Authorized: 25,000,000 shares at September 30, 2022 and December 31, 2021; issued and outstanding: zero shares at September 30, 2022 and December 31, 2021 0 0
Authorized: 300,000,000 shares at September 30, 2022 and December 31, 2021; 12,954,573 shares at September 30, 2022 issued and outstanding and 12,875,315 shares at December 31, 2021 issued and outstanding 123,944,000 121,845,000
Retained earnings 106,880,000 79,373,000
Accumulated other comprehensive (loss) income, net of tax (2,091,000) 4,000
Total shareholders’ equity 228,733,000 201,222,000
Total liabilities and shareholders’ equity $ 3,133,741,000 $ 2,635,517,000