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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
INTEREST AND DIVIDEND INCOME    
Interest and fees on loans $ 183,352 $ 82,112
Interest on interest earning deposits with other banks 6,728 608
Interest on investment securities 1,745 79
Dividends on other investments 345 284
Total interest income 192,170 83,083
INTEREST EXPENSE    
Interest on deposits 19,004 2,327
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    
Deposit service charges and fees 3,804 3,698
Loan referral fees 810 2,126
Gain on sales of loans, net 0 396
Mortgage broker fees 257 920
Unrealized (loss) gain on equity securities, net (153) 1,469
Gain on sale of bank branch including deposits and loans, net 0 1,263
Other income 1,087 939
Noninterest income, excluding BaaS program income and BaaS indemnification income 5,805 10,811
Total noninterest income 124,684 28,118
NONINTEREST EXPENSE    
Salaries and employee benefits 52,228 37,101
Occupancy 4,548 4,128
Data processing and software licenses 6,487 4,951
Legal and professional expenses 6,760 3,133
Point of sale expense 2,109 671
Excise taxes 2,204 1,589
Federal Deposit Insurance Corporation ("FDIC") assessments 2,859 1,632
Director and staff expenses 1,711 1,205
Marketing 351 451
Other expense 4,652 3,921
Noninterest expense, excluding BaaS loan and BaaS fraud expense 83,909 58,782
BaaS loan and fraud expense 82,865 4,481
Total noninterest expense 166,774 63,263
Income before provision for income taxes 50,621 34,377
PROVISION FOR INCOME TAXES 9,996 7,372
NET INCOME $ 40,625 $ 27,005
Basic earnings per common share (in usd per share) $ 3.14 $ 2.25
Diluted earnings per common share (in usd per share) $ 3.01 $ 2.16
Weighted average number of common shares outstanding:    
Basic (in shares) 12,949,266 12,022,954
Diluted (in shares) 13,514,952 12,521,426
BaaS program income    
NONINTEREST INCOME    
Revenue from contract with customer $ 12,934 $ 6,716
BaaS indemnification income    
NONINTEREST INCOME    
Revenue from contract with customer 105,945 10,591
Servicing and other BaaS fees | BaaS program income    
NONINTEREST INCOME    
Revenue from contract with customer 4,408 4,467
Transaction fees | BaaS program income    
NONINTEREST INCOME    
Revenue from contract with customer 3,211 544
Interchange fees | BaaS program income    
NONINTEREST INCOME    
Revenue from contract with customer 2,583 701
Reimbursement of expenses | BaaS program income    
NONINTEREST INCOME    
Revenue from contract with customer 2,732 1,004
BaaS credit enhancements | BaaS indemnification income    
NONINTEREST INCOME    
Revenue from contract with customer 76,374 9,086
BaaS fraud enhancements | BaaS indemnification income    
NONINTEREST INCOME    
Revenue from contract with customer 29,571 1,505
BaaS loan expense    
NONINTEREST EXPENSE    
BaaS loan and fraud expense 53,294 2,976
BaaS fraud expense    
NONINTEREST EXPENSE    
BaaS loan and fraud expense $ 29,571 $ 1,505