XML 124 R112.htm IDEA: XBRL DOCUMENT v3.22.4
Parent Company Only Condensed Financial Information - Summary of Condensed Financial Information of Coastal Financial Corporation on Statement of Income (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
INTEREST INCOME    
Total interest income $ 192,170 $ 83,083
INTEREST EXPENSE    
Interest on borrowed funds 1,391 1,319
Total interest expense 20,395 3,646
Net interest income 171,775 79,437
PROVISION FOR LOAN LOSSES 79,064 9,915
Net interest income after provision for loan losses 92,711 69,522
NONINTEREST INCOME    
Unrealized (loss) gain on equity investment (153) 1,469
Other income 1,087 939
Total noninterest income 124,684 28,118
NONINTEREST EXPENSE    
Other expense 4,652 3,921
Total noninterest expense 166,774 63,263
Income tax (benefit) expense 9,996 7,372
NET INCOME 40,625 27,005
Coastal Financial Corporation    
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 income (1,332) (778)
PROVISION FOR LOAN LOSSES 350 0
Net interest income after provision for loan losses (1,682) (778)
NONINTEREST INCOME    
Unrealized (loss) gain on equity investment (153) 1,469
Other income 23 0
Total noninterest income (130) 1,469
NONINTEREST EXPENSE    
Other expense 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