$CCB
COASTAL FINANCIAL CORP

2020 Q3 Form 10-Q Financial Statement

#000156459020051707 Filed on November 06, 2020

View on sec.gov

Income Statement

Concept 2020 Q3 2019 Q3 2019 Q2
Revenue $12.36M
YoY Change 24.87%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $350.0K $300.0K $310.0K
YoY Change 16.67% 11.11% 14.81%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $1.628M $1.618M
YoY Change 55.64% 74.35%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $5.172M $4.430M $4.128M
YoY Change 16.75% 35.23% 49.03%
Income Tax $1.082M $919.0K $854.0K
% Of Pretax Income 20.92% 20.74% 20.69%
Net Earnings $4.090M $3.511M $3.274M
YoY Change 16.49% 34.93% 48.75%
Net Earnings / Revenue 28.42%
Basic Earnings Per Share $0.34 $0.30 $0.28
Diluted Earnings Per Share $0.34 $0.29 $0.27
COMMON SHARES
Basic Shares Outstanding 11.92M 11.90M 11.90M
Diluted Shares Outstanding 12.18M 12.19M 12.20M

Balance Sheet

Concept 2020 Q3 2019 Q3 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $14.14M $46.88M $54.91M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $16.88M $21.80M $12.93M
YoY Change -22.56% 70.31% -0.23%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.700M $2.200M $2.300M
YoY Change 22.73% -4.35% 0.0%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $1.750B $1.090B $1.031B
YoY Change 60.5% 18.87% 21.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $500.0K $300.0K $300.0K
YoY Change 66.67% 0.0% 50.0%
Accrued Expenses $7.600M $8.800M $9.100M
YoY Change -13.64%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $8.100M $9.100M $9.400M
YoY Change -10.99% 2933.33% 4600.0%
LONG-TERM LIABILITIES
Long-Term Debt $216.2M $13.60M $13.60M
YoY Change 1489.71% 0.74% 0.74%
Other Long-Term Liabilities $5.100M $4.700M $3.300M
YoY Change 8.51% 46.88% 3.13%
Total Long-Term Liabilities $221.3M $18.30M $16.90M
YoY Change 1109.29% 9.58% 1.2%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.100M $9.100M $9.400M
Total Long-Term Liabilities $221.3M $18.30M $16.90M
Total Liabilities $1.614B $969.6M $914.4M
YoY Change 66.5% 19.44% 17.02%
SHAREHOLDERS EQUITY
Retained Earnings $33.61M $30.10M
YoY Change 63.92%
Common Stock $86.87M $86.73M
YoY Change 63.81%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $135.2M $120.4M $116.6M
YoY Change
Total Liabilities & Shareholders Equity $1.750B $1.090B $1.031B
YoY Change 60.5% 18.87% 21.17%

Cashflow Statement

Concept 2020 Q3 2019 Q3 2019 Q2
OPERATING ACTIVITIES
Net Income $4.090M $3.511M $3.274M
YoY Change 16.49% 34.93% 48.75%
Depreciation, Depletion And Amortization $350.0K $300.0K $310.0K
YoY Change 16.67% 11.11% 14.81%
Cash From Operating Activities $4.200M $4.670M $2.540M
YoY Change -10.06% 11.72% 28.28%
INVESTING ACTIVITIES
Capital Expenditures -$560.0K -$530.0K -$230.0K
YoY Change 5.66% 253.33% 0.0%
Acquisitions
YoY Change
Other Investing Activities -$82.06M -$66.30M $96.00M
YoY Change 23.77% 12.41% -611.18%
Cash From Investing Activities -$82.62M -$66.83M $95.77M
YoY Change 23.63% 13.02% -603.79%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 66.05M 54.14M -88.31M
YoY Change 22.0% -14.82% -605.21%
NET CHANGE
Cash From Operating Activities 4.200M 4.670M 2.540M
Cash From Investing Activities -82.62M -66.83M 95.77M
Cash From Financing Activities 66.05M 54.14M -88.31M
Net Change In Cash -12.37M -8.020M 10.00M
YoY Change 54.24% -193.15% 2122.22%
FREE CASH FLOW
Cash From Operating Activities $4.200M $4.670M $2.540M
Capital Expenditures -$560.0K -$530.0K -$230.0K
Free Cash Flow $4.760M $5.200M $2.770M
YoY Change -8.46% 20.09% 25.34%

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ProvisionForLoanAndLeaseLosses
5708000
us-gaap Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
100309000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
912000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-121523000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
21000
CY2019Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
-171000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
-171000
CY2019Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
-36000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
-36000
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
116591000
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
3511000
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
130977000
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-5000
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
135232000
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
109156000
us-gaap Net Income Loss
NetIncomeLoss
9593000
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
1724000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
965000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
907000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-12000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-5000
ck1437958 Increase Decrease In Operating Lease Right Of Use Assets
IncreaseDecreaseInOperatingLeaseRightOfUseAssets
1129000
ck1437958 Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
1115000
us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
47000
us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
171000
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
36000
us-gaap Share Based Compensation
ShareBasedCompensation
414000
us-gaap Share Based Compensation
ShareBasedCompensation
325000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-18000
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
2413000
us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
1719000
us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
-257000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
12204000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
9336000
us-gaap Proceeds From Payments For In Interest Bearing Deposits In Banks
ProceedsFromPaymentsForInInterestBearingDepositsInBanks
-84130000
ck1437958 Non Cash Fair Value Adjustment Of Securities Available For Sale Gross
NonCashFairValueAdjustmentOfSecuritiesAvailableForSaleGross
99000
ck1437958 Non Cash Fair Value Adjustment Of Securities Available For Sale Gross
NonCashFairValueAdjustmentOfSecuritiesAvailableForSaleGross
1568000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
9421000
ck1437958 Non Cash Operating Lease Liabilities
NonCashOperatingLeaseLiabilities
9591000
us-gaap Increase Decrease In Demand Deposits
IncreaseDecreaseInDemandDeposits
124363000
us-gaap Increase Decrease In Time Deposits
IncreaseDecreaseInTimeDeposits
-5728000
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-10000000
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
24999000
ck1437958 Net Advances From Paycheck Protection Program Liquidity Facility
NetAdvancesFromPaycheckProtectionProgramLiquidityFacility
202595000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
82000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
110000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
609728000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
118745000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-29774000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
6558000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
43910000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
40319000
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
14136000
us-gaap Interest Paid Net
InterestPaidNet
4314000
us-gaap Interest Paid Net
InterestPaidNet
4849000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
4985000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2940000
dei Entity Address State Or Province
EntityAddressStateOrProvince
WA
CY2020Q3 ck1437958 Number Of Branches
NumberOfBranches
15
us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-bottom:0pt;margin-top:12pt;text-indent:2.27%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Estimates<span style="font-weight:normal;"> - The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Management believes that its critical accounting policies include determining the allowance for loan losses, the valuation of the Company’s deferred tax assets, and fair value of financial instruments. Actual results could differ significantly from those estimates. </span></p>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:2.27%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Reclassifications - <span style="font-weight:normal;">Certain amounts reported in prior quarters' consolidated financial statements have been reclassified to conform to the current presentation with no effect on stockholders’ equity or net income.</span></p>
CY2020Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
20370000
CY2020Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
58000
CY2020Q3 ck1437958 Available For Sale Debt Securities And Held To Maturity Securities Amortized Cost
AvailableForSaleDebtSecuritiesAndHeldToMaturitySecuritiesAmortizedCost
23724000
CY2020Q3 ck1437958 Available For Sale Debt Securities And Held To Maturity Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAndHeldToMaturitySecuritiesAccumulatedGrossUnrealizedGainBeforeTax
174000
CY2020Q3 ck1437958 Available For Sale Debt Securities And Held To Maturity Securities Fair Value
AvailableForSaleDebtSecuritiesAndHeldToMaturitySecuritiesFairValue
23898000
CY2019Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
28401000
CY2019Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
4000
CY2019Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
45000
CY2019Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
28360000
CY2019Q4 ck1437958 Available For Sale Debt Securities And Held To Maturity Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAndHeldToMaturitySecuritiesAccumulatedGrossUnrealizedLossBeforeTax
66000
CY2019Q4 ck1437958 Available For Sale Debt Securities And Held To Maturity Securities Fair Value
AvailableForSaleDebtSecuritiesAndHeldToMaturitySecuritiesFairValue
32689000
CY2020Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
19996000
CY2020Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
20041000
CY2020Q3 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
255000
CY2020Q3 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
263000
CY2020Q3 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis
20251000
CY2020Q3 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate
20304000
CY2020Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
20370000
CY2020Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
20428000
CY2020Q3 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
3354000
CY2020Q3 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
3470000
CY2020Q3 ck1437958 Investment Securities Pledged To Secure Debt Carrying Value
InvestmentSecuritiesPledgedToSecureDebtCarryingValue
21958000
CY2019Q4 ck1437958 Investment Securities Pledged To Secure Debt Carrying Value
InvestmentSecuritiesPledgedToSecureDebtCarryingValue
16843000
CY2020Q3 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
0
CY2019Q3 ck1437958 Number Of Investment Securities Sold
NumberOfInvestmentSecuritiesSold
5
ck1437958 Number Of Investment Securities Sold
NumberOfInvestmentSecuritiesSold
5
CY2019Q3 us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
242000
us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
71000
CY2020Q3 ck1437958 Debt Securities Available For Sale And Held To Maturity Continuous Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleAndHeldToMaturityContinuousUnrealizedLossPositionAccumulatedLoss
0
CY2019Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
9994000
CY2019Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
3000
CY2019Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
7955000
CY2019Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
17949000
CY2019Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
45000
CY2019Q4 ck1437958 Debt Securities Available For Sale And Held To Maturity Continuous Unrealized Loss Position Less Than12 Months Fair Value
DebtSecuritiesAvailableForSaleAndHeldToMaturityContinuousUnrealizedLossPositionLessThan12MonthsFairValue
13134000
CY2019Q4 ck1437958 Debt Securities Available For Sale And Held To Maturity Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleAndHeldToMaturityContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
17000
CY2019Q4 ck1437958 Debt Securities Available For Sale And Held To Maturity Continuous Unrealized Loss Position12 Months Or Longer Fair Value
DebtSecuritiesAvailableForSaleAndHeldToMaturityContinuousUnrealizedLossPosition12MonthsOrLongerFairValue
9144000
CY2019Q4 ck1437958 Debt Securities Available For Sale And Held To Maturity Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleAndHeldToMaturityContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
49000
CY2019Q4 ck1437958 Debt Securities Available For Sale And Held To Maturity Continuous Unrealized Loss Position Fair Value
DebtSecuritiesAvailableForSaleAndHeldToMaturityContinuousUnrealizedLossPositionFairValue
22278000
CY2019Q4 ck1437958 Debt Securities Available For Sale And Held To Maturity Continuous Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleAndHeldToMaturityContinuousUnrealizedLossPositionAccumulatedLoss
66000
CY2020Q3 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
0
CY2019Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
6
CY2019 us-gaap Debt Securities Unrealized Gain Loss Excluding Other Than Temporary Impairment
DebtSecuritiesUnrealizedGainLossExcludingOtherThanTemporaryImpairment
0
CY2020Q3 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
1520419000
CY2019Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
941058000
CY2020Q3 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
11030000
CY2019Q4 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
1955000
CY2020Q3 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
1509389000
CY2019Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
939103000
CY2020Q3 us-gaap Bank Overdrafts
BankOverdrafts
11000
CY2019Q4 us-gaap Bank Overdrafts
BankOverdrafts
26000
CY2020Q3 us-gaap Loans Pledged As Collateral
LoansPledgedAsCollateral
378645000
CY2019Q4 us-gaap Loans Pledged As Collateral
LoansPledgedAsCollateral
163522000
CY2020Q3 ck1437958 Small Business Administration And United States Department Of Agriculture Loans And Participations Serviced
SmallBusinessAdministrationAndUnitedStatesDepartmentOfAgricultureLoansAndParticipationsServiced
487536000
CY2019Q4 ck1437958 Small Business Administration And United States Department Of Agriculture Loans And Participations Serviced
SmallBusinessAdministrationAndUnitedStatesDepartmentOfAgricultureLoansAndParticipationsServiced
36592000
CY2020Q3 ck1437958 Small Business Administration And United States Department Of Agriculture Loans And Other Participations Serviced
SmallBusinessAdministrationAndUnitedStatesDepartmentOfAgricultureLoansAndOtherParticipationsServiced
20700000
CY2019Q4 ck1437958 Small Business Administration And United States Department Of Agriculture Loans And Other Participations Serviced
SmallBusinessAdministrationAndUnitedStatesDepartmentOfAgricultureLoansAndOtherParticipationsServiced
21498000
CY2020Q3 ck1437958 Amount Of Loans Purchased With Remaining Balances
AmountOfLoansPurchasedWithRemainingBalances
20920000
CY2019Q4 ck1437958 Amount Of Loans Purchased With Remaining Balances
AmountOfLoansPurchasedWithRemainingBalances
32937000
CY2020Q3 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
324000
CY2020Q3 ck1437958 Purchased Participation Loans With Remaining Balances
PurchasedParticipationLoansWithRemainingBalances
41465000
CY2019Q4 ck1437958 Purchased Participation Loans With Remaining Balances
PurchasedParticipationLoansWithRemainingBalances
31352000
CY2020Q3 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
4360000
CY2020Q3 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
1516059000
CY2020Q3 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
1520419000
CY2020Q3 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
11030000
CY2020Q3 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
1509389000
CY2019Q4 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
1594000
CY2019Q4 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
939464000
CY2019Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
941058000
CY2019Q4 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
1955000
CY2019Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
939103000
CY2020Q3 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
4794000
CY2020Q3 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
4477000
CY2020Q3 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
4477000
CY2019Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
1506000
CY2019Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
1030000
CY2019Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
2000
CY2019Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
1032000
CY2019Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
2000
CY2019Q3 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
1474000
us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
2771000
us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
1319000
us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
0
CY2019Q3 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
0
us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
0
CY2020Q3 ck1437958 Additional Funds To Borrowers With Troubled Debt Restructurings
AdditionalFundsToBorrowersWithTroubledDebtRestructurings
0
CY2020Q3 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
0
CY2020Q3 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
4477000
CY2019Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
1030000
CY2020Q3 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
1520419000
CY2020Q3 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
11030000
CY2020Q3 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
1509389000
CY2019Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
941058000
CY2019Q4 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
1955000
CY2019Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
939103000
CY2020Q3 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
2200000
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
5700000
CY2020Q2 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
14847000
CY2020Q2 ck1437958 Provision For Loan And Lease Losses Or Recapture
ProvisionForLoanAndLeaseLossesOrRecapture
-2200000
CY2020Q2 ck1437958 Loans And Leases Receivable Allowance Including Provision Losses Or Recapture
LoansAndLeasesReceivableAllowanceIncludingProvisionLossesOrRecapture
17047000
CY2020Q3 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
2000
CY2020Q3 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
1000
CY2019Q4 ck1437958 Loans And Leases Receivable Allowance Including Provision Losses Or Recapture
LoansAndLeasesReceivableAllowanceIncludingProvisionLossesOrRecapture
17178000
us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
7000
us-gaap Allowance For Loan And Lease Losses Writeoffs Net
AllowanceForLoanAndLeaseLossesWriteoffsNet
132000
CY2020Q3 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
17046000
CY2020Q3 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
17046000
CY2020Q3 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
17046000
CY2020Q3 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
4477000
CY2020Q3 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
1515942000
CY2020Q3 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
1520419000
CY2019Q3 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
196000
CY2019Q3 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
4000
CY2019Q3 us-gaap Allowance For Loan And Lease Losses Writeoffs Net
AllowanceForLoanAndLeaseLossesWriteoffsNet
192000
CY2019Q3 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
10888000
CY2018Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
9407000
CY2018Q4 ck1437958 Provision For Loan And Lease Losses Or Recapture
ProvisionForLoanAndLeaseLossesOrRecapture
-1724000
CY2018Q4 ck1437958 Loans And Leases Receivable Allowance Including Provision Losses Or Recapture
LoansAndLeasesReceivableAllowanceIncludingProvisionLossesOrRecapture
11131000
us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
252000
us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
9000
us-gaap Allowance For Loan And Lease Losses Writeoffs Net
AllowanceForLoanAndLeaseLossesWriteoffsNet
243000
CY2019Q3 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
10888000
CY2019Q3 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
230000
CY2019Q3 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
10658000
CY2019Q3 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
10888000
CY2019Q3 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
1300000
CY2019Q3 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
874398000
CY2019Q3 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
875698000
CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
2000
CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
11468000
CY2019Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
11470000
CY2019Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
1032000
CY2019Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
940026000
CY2019Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
941058000
CY2020Q3 us-gaap Noninterest Bearing Domestic Deposit Demand
NoninterestBearingDomesticDepositDemand
570664000
CY2019Q4 us-gaap Noninterest Bearing Domestic Deposit Demand
NoninterestBearingDomesticDepositDemand
371243000
CY2020Q3 us-gaap Deposits Money Market Deposits And Negotiable Order Of Withdrawal Now
DepositsMoneyMarketDepositsAndNegotiableOrderOfWithdrawalNOW
624891000
CY2019Q4 us-gaap Deposits Money Market Deposits And Negotiable Order Of Withdrawal Now
DepositsMoneyMarketDepositsAndNegotiableOrderOfWithdrawalNOW
437908000
CY2020Q3 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
74694000
CY2019Q4 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
53365000
CY2020Q3 us-gaap Noninterest Bearing Domestic Deposit Brokered
NoninterestBearingDomesticDepositBrokered
24870000
CY2020Q3 us-gaap Time Deposit Maturities Year Two
TimeDepositMaturitiesYearTwo
8013000
CY2020Q3 us-gaap Time Deposit Maturities Year Three
TimeDepositMaturitiesYearThree
2531000
CY2020Q3 us-gaap Time Deposit Maturities Year Four
TimeDepositMaturitiesYearFour
974000
CY2020Q3 us-gaap Time Deposit Maturities Year Five
TimeDepositMaturitiesYearFive
1108000
CY2020Q3 us-gaap Time Deposits
TimeDeposits
64892000
us-gaap Lessee Operating Lease Option To Extend
LesseeOperatingLeaseOptionToExtend
Operating lease terms include options to extend when it is reasonably certain that the Company will exercise such options, determined on a lease-by-lease basis
CY2020Q3 ck1437958 Lessee Operating Lease Lease Not Yet Commenced
LesseeOperatingLeaseLeaseNotYetCommenced
0
CY2020Q3 us-gaap Time Deposit Maturities Year One
TimeDepositMaturitiesYearOne
52266000
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
7579000
CY2019Q4 us-gaap Noninterest Bearing Domestic Deposit Brokered
NoninterestBearingDomesticDepositBrokered
23586000
CY2020Q3 ck1437958 Time Deposits Less Than250000
TimeDepositsLessThan250000
41676000
CY2019Q4 ck1437958 Time Deposits Less Than250000
TimeDepositsLessThan250000
51644000
CY2020Q3 ck1437958 Time Deposits250000 And Over
TimeDeposits250000AndOver
23216000
CY2019Q4 ck1437958 Time Deposits250000 And Over
TimeDeposits250000AndOver
30213000
CY2020Q3 us-gaap Deposits
Deposits
1360011000
CY2019Q4 us-gaap Deposits
Deposits
967959000
CY2020Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P10Y6M
CY2020Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
461000
CY2019Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
342000
us-gaap Operating Lease Expense
OperatingLeaseExpense
1100000
us-gaap Operating Lease Expense
OperatingLeaseExpense
1100000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
318000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1254000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1258000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1269000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
864000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
3922000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
8885000
CY2020Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1306000
us-gaap Operating Lease Cost
OperatingLeaseCost
983000
us-gaap Variable Lease Cost
VariableLeaseCost
239000
us-gaap Lease Cost
LeaseCost
1222000
us-gaap Operating Lease Payments
OperatingLeasePayments
1206000
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
28000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
121000
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
35000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
170000
CY2020Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
2000000.0
CY2019Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Nonvested
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueNonvested
48864
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
4090000
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
3511000
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11919850
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11901873
CY2020Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
261422
CY2019Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
286634
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12181272
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12188507
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.34
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.30
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.34
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.29

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