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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
CONSOLIDATED STATEMENTS OF CASH FLOWS    
Net income $ 26,438 $ 10,481
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Gain on sale of investment securities (1,345) (165)
Depreciation and amortization (2,890) 663
Loss on disposal of premises and equipment   14
Net amortization of investment premiums and discounts 425 1,022
Provision for loan losses 8,302 901
Amortization of issuance costs on subordinated debt 112  
Share-based compensation 763 272
Net change in fair value of loans held for sale (3,847) 13
Net change in fair value of derivative instruments (4,975) (111)
Gain on sale of OREO (6)  
Amortization and net impairment of servicing rights 816 204
SBA loan income (2,733) (1,495)
Proceeds from sale of loans 2,241,635 607,122
Loans originated for sale (2,356,821) (573,416)
Mortgage banking income (77,116) (26,325)
Increase in accrued interest receivable (2,334) (259)
(Decrease) increase in other assets 3,346 276
Earnings from investment in life insurance (279) (290)
Deferred income tax 1,254 (503)
(Decrease) increase in accrued interest payable 66 783
Increase in other liabilities 11,047 2,382
Net cash (used in) provided by operating activities (158,142) 21,569
Activity in available-for-sale securities:    
Maturities, repayments and calls 8,247 14,046
Sales 45,927 24,627
Purchases (114,494) (44,679)
Activity in held-to-maturity securities:    
Maturities, repayments and calls 2,140  
Proceeds from sale of OREO 126  
Settlement of forward contracts   (67)
(Increase) decrease in restricted stock 211 (1,070)
Net increase in loans (312,435) (135,188)
Purchases of premises and equipment (747) (746)
Net cash used in investing activities (371,025) (143,077)
Cash flows from financing activities:    
Net increase in deposits 390,167 99,038
(Decrease) increase in short-term borrowings (922) 9,376
Decrease in short term borrowings with original maturity > 90 days (15,479) (2,290)
Repayment of acquisition note payable (413) (825)
Repayment of long-term debt (Subordinated debt) (172) (7,432)
Proceeds from long-term debt, net 162,423 40,000
Issuance costs on subordinated debt (231) (942)
Net purchase of treasury stock through publicly announced plans (5,703) (3)
Dividends paid (1,525)  
Purchase of common shares for ESOP (2,000)  
Share based awards and exercises 395 6
Net cash provided by financing activities 526,540 136,927
Net change in cash and cash equivalents (2,627) 15,419
Cash and cash equivalents at beginning of period 39,371 23,952
Cash and cash equivalents at end of period 36,744 39,371
Supplemental disclosure of cash flow information:    
Interest 13,594 15,744
Income taxes 5,295 2,643
Supplemental disclosure of cash flow information:    
Transfers from loans and leases to real estate owned   120
Transfers from loans held for sale to loans held for investment 3,313 3,561
Net loans purchased, not settled $ 325 1,001
Net loans sold, not settled   $ (9,255)