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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
NET INCOME $ 31,852 $ 35,567
Adjustments to reconcile net income to net cash provided by operating activities:    
PROVISION FOR CREDIT LOSSES 215,740 123,299
Depreciation and amortization 3,123 1,563
Loss on disposition of fixed assets 0 23
Increase in operating lease right-of-use assets 627 639
Increase in operating lease liabilities (637) (660)
Gain on sales of loans 0 (253)
Net amortization (accretion) on investment securities 4 (19)
Unrealized holding (gain) loss on equity investment (26) (199)
Stock-based compensation 3,360 2,814
Increase in bank-owned life insurance value (367) (285)
Deferred tax benefit (expense) 654 13,468
Net change in CCBX receivable (6,972) (207)
Net change in CCBX credit enhancement asset (59,330) (34,025)
Net change in CCBX payable 5,537 17,810
Net change in other assets and liabilities 4,248 (13,299)
Total adjustments 165,961 110,669
Net cash provided by operating activities 197,813 146,236
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of investment securities held for investment 0 (41,649)
Change in other investments, net (504) (1,144)
Principal paydowns of investment securities available-for-sale 6 6
Principal paydowns of investment securities held-to-maturity 2,270 133
Maturities and calls of investment securities available-for-sale 100,000 0
Purchase of bank owned life insurance (18) (18)
Proceeds from sales of loans held for sale 679,352 475,065
Purchase of loans (20,705) (91,465)
Increase in loans receivable, net (1,218,640) (823,221)
Purchases of premises and equipment, net (6,873) (3,916)
Net cash used by investing activities (465,112) (486,209)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in demand deposits, money market, and savings 269,590 481,010
Net decrease in time deposits (2,666) (8,830)
Proceeds from exercise of stock options 1,273 600
Net cash provided by financing activities 268,197 472,780
NET CHANGE IN CASH, DUE FROM BANKS AND RESTRICTED CASH 898 132,807
CASH, DUE FROM BANKS AND RESTRICTED CASH, beginning of year 483,128 342,139
CASH, DUE FROM BANKS AND RESTRICTED CASH, end of quarter 484,026 474,946
SUPPLEMENTAL SCHEDULE OF OPERATING AND INVESTING ACTIVITIES    
Interest paid 93,500 62,686
Income taxes paid 7,433 5,195
SUPPLEMENTAL SCHEDULE OF NONCASH TRANSACTIONS    
Fair value adjustment of securities available-for-sale, gross 536 1,607
Lease liabilities arising from obtaining right-of-use assets 122 1,747
Transfer from loans to loans held for sale 686,917 474,812
Adjustment to retained earnings - adoption of ASU 2016-13, net of deferred tax (331,930) (284,450)
Retained Earnings    
CASH FLOWS FROM OPERATING ACTIVITIES    
NET INCOME 31,852 35,567
SUPPLEMENTAL SCHEDULE OF NONCASH TRANSACTIONS    
Adjustment to retained earnings - adoption of ASU 2016-13, net of deferred tax $ (197,162) $ (156,299)