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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:    
Net income $ 39,466 $ 30,134
Adjustments to reconcile net income to net cash:    
Depreciation and amortization 2,538 1,613
Net amortization of premiums on securities and interest rate cap 2,009 543
Amortization of subordinated debt issuance costs 56 56
Provision for loan and lease losses 9,488 4,223
Employee and non-employee stock-based compensation 3,312 3,067
Net change in deferred loan fees 296 2,837
Deferred income tax benefit (expense) 290 (1,865)
Gain on call of securities (3,286)  
Loss (gain) on sale of loans 190 (86)
Dividends earned on CRA fund (41) (50)
Unrealized gain of equity securities (48) (64)
Net change in:    
Accrued interest receivable (4,387) (3,355)
Accounts payable, accrued expenses and other liabilities 38,089 5,117
Change in global payments balances 16,227 3,009
Change in accrued interest payable (517) (53)
Receivable from global payments, net (15,678) (1,860)
Prepaid expenses and other assets (734) (4,310)
Net cash provided by operating activities 87,270 38,956
Cash flows from investing activities:    
Loan originations and payments, net (464,685) (777,181)
Loans purchased (11,734) (51,784)
Proceeds from the sale of loans held for sale 11,476 21,502
Redemptions of other investments 10,980 12,354
Purchases of other investments (1,140) (11,007)
Purchase of securities available for sale (234,366) (226,858)
Proceeds from calls of securities available for sale 30,000 1,065
Proceeds from sales of securities available for sale 111,422  
Proceeds from paydowns and maturities of securities available for sale 64,973 23,136
Proceeds from paydowns of securities held to maturity 932 820
Purchase of derivative contract (2,980)  
Purchase of premises and equipment, net (3,913) (6,836)
Net cash used in investing activities (489,035) (1,014,789)
Cash flows from financing activities:    
Redemption of common stock for tax withholdings for restricted stock vesting (881) (89)
Proceeds from FHLB advances   1,028,000
Repayments of FHLB advances (144,000) (1,069,000)
Proceeds from (repayments of) secured borrowings (6,008) 42,972
Net increase in deposits 1,027,739 1,130,220
Net cash provided by financing activities 876,850 1,132,103
Increase in cash and cash equivalents 475,085 156,270
Cash and cash equivalents at the beginning of the period 389,220 232,950
Cash and cash equivalents at the end of the period 864,305 389,220
Cash paid for:    
Interest 18,693 32,223
Income Taxes 19,085 15,185
Non-cash item:    
Transfer of loans held for investment to held for sale $ 1,716 $ 21,502