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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:    
Net income $ 17,697 $ 4,604
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation 951 539
Deferred income taxes (1,680) (85)
Provision for loan losses 10,450 1,742
Proceeds from sale of loans held for sale 1,099,378 347,203
Loans held for sale, originated (1,180,190) (363,228)
Gain on sale of loans held for sale, originated (42,140) (10,387)
Gain on sale of securities (211) (451)
Loss (gain) on disposal of premises and equipment 160 (1)
Loss on sale of other real estate owned   43
Investment amortization expense, net 1,138 624
Amortization of subordinated debt issuance costs 55 33
Amortization of other intangibles 796 455
Earnings on life insurance (390) (936)
Increase in other assets (26,303) (9,209)
Increase in accrued expenses 11,949 8,471
Net cash used in operating activities (108,340) (20,583)
Cash flows used in investing activities:    
Net (increase) decrease in federal funds sold (295) 66
Purchase of securities available for sale (44,164) (70,737)
Proceeds from calls, maturities, sales, paydowns and maturities of securities available for sale 53,595 44,397
Proceeds from calls, maturities, sales, paydowns and maturities of securities held to maturity 1,212 3,280
Purchase of insurance policies   (600)
Redemption of insurance policies   1,058
Net change in restricted equity securities (3,039) (2,692)
Net increase in loans held for investment (345,388) (59,743)
Purchase of premises and equipment (3,010) (1,127)
Increase in goodwill   (613)
Proceeds from sale of premises and equipment 719 13
Capital calls of SBIC funds and other investments (609) (1,177)
VCB acquisition, net of cash acquired   (6,967)
Nonincome distributions from limited liability companies 94 160
Net cash used in investing activities (340,885) (94,682)
Cash flows from financing activities:    
Net increase in deposits 223,079 88,932
Common stock dividends paid (2,436) (2,473)
Federal Home Loan Bank advances 676,900 395,000
Federal Home Loan Bank repayments (686,700) (343,300)
Federal Reserve advances 363,682  
Federal Reserve repayments (82,032)  
Issuance of common stock   22,119
Issuance of subordinated debt 15,000  
Payment of subordinated debt issuance costs (349)  
Noncontrolling interest distributions   (13)
Net cash provided by financing activities 507,144 160,265
Net increase in cash and due from banks 57,919 45,000
Cash and due from banks at beginning of period 60,026 15,026
Cash and due from banks at end of period 117,945 60,026
Supplemental Schedule of Cash Flow Information    
Interest 10,030 9,090
Income taxes 2,000 1,020
Non-cash investing and financing activities:    
Unrealized gain on available-for-sale securities 1,029 1,767
Transfer of held to maturity securities to available for sale 10,980  
Issuance of restricted stock awards, net of forfeitures 567 230
Initial right-of-use asset – operating leases   7,763
Initial lease liability – operating leases   6,742
Assets acquired in acquisition   246,832
Liabilities assumed in acquisition   $ 219,369
Change in goodwill $ 23