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Parent Company Only Condensed Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract] |
Summary of Condensed Financial Information of Coastal Financial Corporation | Condensed financial information of Coastal Financial Corporation follows:
| December 31, 2022 |  | December 31, 2021
ASSETS |  |  |
Cash | $ | 22,904 |  |  | $ | 24,306 |
Investment in trust equities | 109 |  |  | 109 |
Investment in subsidiaries | 265,741 |  |  | 202,258 |
Other investments | 3,028 |  |  | 2,482 |
Total loans receivable | — |  |  | 350 |
Other assets | (150) |  |  | 124 |
TOTAL ASSETS | $ | 291,632 |  |  | $ | 229,629 |
LIABILITIES AND SHAREHOLDERS' EQUITY |  |  |
Junior subordinated debentures, net of issuances costs | $ | 3,588 |  |  | $ | 3,586 |
Subordinated debt, net of debt issuance costs | 43,999 |  |  | 24,288 |
Interest and dividends payable | 546 |  |  | 290 |
Other liabilities | 5 |  |  | 243 |
Shareholders' equity | 243,494 |  |  | 201,222 |
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $ | 291,632 |  |  | $ | 229,629 |
| Year ended December 31,
| 2022 |  | 2021
INTEREST INCOME |  |  |
Interest earned loans receivable | $ | (14) |  |  | $ | 14 |
Interest bearing other investments | 4 |  |  | 3 |
Total interest income | (10) |  |  | 17 |
INTEREST EXPENSE |  |  |
Interest on borrowed funds | 1,322 |  |  | 795 |
Total interest expense | 1,322 |  |  | 795 |
Net interest expense | (1,332) |  |  | (778) |
PROVISION FOR LOAN LOSSES | 350 |  |  | — |
Net interest expense after provision for loan losses | (1,682) |  |  | (778) |
NONINTEREST INCOME |  |  |
Unrealized (loss) gain on equity investment | (153) |  |  | 1,469 |
Other income | 23 |  |  | — |
Total noninterest income | (130) |  |  | 1,469 |
NONINTEREST EXPENSE |  |  |
Other expenses | 711 |  |  | 576 |
Total noninterest expense | 711 |  |  | 576 |
Loss before income taxes and undistributed net income of subsidiary | (2,523) |  |  | 115 |
Equity in undistributed income of consolidated subsidiaries | 42,674 |  |  | 26,917 |
Income tax (benefit) expense | (474) |  |  | 27 |
NET INCOME | $ | 40,625 |  |  | $ | 27,005 |
| Year ended December 31,
| 2022 |  | 2021
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |
Net income | $ | 40,625 |  |  | $ | 27,005 |
Adjustments to reconcile net income to net cash used by operating activities: |  |  |
Equity in undistributed income of consolidated subsidiaries | (42,674) |  |  | (26,917) |
Stock-based compensation | 295 |  |  | 162 |
Unrealized loss (gain) on equity investment | 153 |  |  | (1,469) |
Decrease (increase) in other assets | 274 |  |  | 5 |
Increase in other liabilities | 106 |  |  | 452 |
Net cash used by operating activities | (1,221) |  |  | (762) |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |
Investments in subsidiaries | (20,925) |  |  | (26,500) |
Investments in loans receivable | 350 |  |  | (350) |
Investments in other, net | (699) |  |  | (163) |
Net cash used by investing activities | (21,274) |  |  | (27,013) |
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |
Proceeds from exercise of stock options | 1,468 |  |  | 360 |
Proceeds from public offering, net | — |  |  | 32,387 |
Proceeds from subordinated debt | 19,625 |  |  | 24,263 |
Repayment of subordinated debt | — |  |  | (10,000) |
Net cash provided by financing activities | 21,093 |  |  | 47,010 |
NET CHANGE IN CASH | (1,402) |  |  | 19,235 |
Cash, beginning of year | 24,306 |  |  | 5,071 |
Cash, end of year | $ | 22,904 |  |  | $ | 24,306 |

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- Definition Tabular disclosure of condensed financial statements, including, but not limited to, the balance sheet, income statement, and statement of cash flows. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 12 -Paragraph (a) -Subsection 04 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
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