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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 27,507 $ 19,715
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 45,464 973
Depreciation and amortization 1,338 1,170
Loss on disposition of fixed assets 35 0
Decrease in operating lease right-of-use assets 812 789
Decrease in operating lease liabilities (806) (781)
Gain on sales of loans 0 (367)
Proceeds from sale of loans related to sale of bank branch 0 4,092
Net (premium amortization)/discount accretion on investment securities (45) 21
Unrealized holding loss (gain) on equity investment 135 (1,472)
Stock-based compensation 1,788 902
Gain on sale of bank branch, including deposits and loans 0 (1,263)
Increase in bank-owned life insurance value (269) (212)
Deferred tax benefit (6,623) (1)
Net change in CCBX receivable (44,395) (472)
Net change in other assets and liabilities 17,082 189
Total adjustments 14,517 3,568
Net cash provided by operating activities 42,024 23,283
CASH FLOWS FROM INVESTING ACTIVITIES    
Net change in interest earning deposits with other banks 425,419 (493,851)
Purchase of investment securities available for sale (134,912) (57,495)
Change in other investments, net (2,238) (818)
Principal paydowns of investment securities available-for-sale 14 25
Principal paydowns of investment securities held-to-maturity 44 737
Maturities and calls of investment securities available-for-sale 70,000 45,000
Purchase of bank owned life insurance (53) (4,872)
Proceeds from sales of loans held for sale 84,878 0
Proceeds from sales of loan participations 10,300 915
Purchase of loans (165,790) 0
Increase in loans receivable, net (752,670) (165,122)
Net cash transfer for branch sale 0 (19,980)
Purchases of premises and equipment, net (2,621) (2,188)
Net cash used by investing activities (467,629) (697,649)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in demand deposits, NOW and money market, and savings 482,863 837,277
Net decrease in time deposits (9,584) (10,981)
Net repayment from long term FHLB borrowing (24,999) 0
Increase from subordinated debt proceeds 0 24,263
Decrease from subordinated debt repayment 0 (10,000)
Net advances from Paycheck Protection Program Liquidity Facility 0 (153,716)
Proceeds from exercise of stock options 311 280
Net cash provided by financing activities 448,591 687,123
NET CHANGE IN CASH, DUE FROM BANKS AND RESTRICTED CASH 22,986 12,757
CASH, DUE FROM BANKS AND RESTRICTED CASH, beginning of year 14,496 18,965
CASH, DUE FROM BANKS AND RESTRICTED CASH, end of quarter 37,482 31,722
SUPPLEMENTAL SCHEDULE OF OPERATING AND INVESTING ACTIVITIES    
Interest paid 9,001 3,187
Income taxes paid 11,430 6,809
SUPPLEMENTAL SCHEDULE OF NONCASH TRANSACTIONS    
Fair value adjustment of securities available-for-sale, gross (2,095) (35)
In conjunction with ASU 2016-02 as detailed in Note 6 to the Unaudited Consolidated Financial Statements, the following assets and liabilities were recognized:    
Operating lease right-of-use assets 0 41
Operating lease liabilities 0 (41)
Transfer from loans to loans held for sale $ 128,193 $ 0