2022 Q3 Form 10-Q Financial Statement

#000156276222000326 Filed on August 03, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $65.55M $52.84M $47.76M
YoY Change 38.55% 8.98% -0.82%
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 $1.242M $1.233M $1.241M
YoY Change -2.2% -7.99% -10.07%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $15.86M $6.131M $4.645M
YoY Change 187.75% -0.41% -33.98%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $21.69M $19.57M $21.02M
YoY Change -18.64% 3.89% 40.67%
Income Tax $4.410M $4.027M $4.188M
% Of Pretax Income 20.33% 20.58% 19.93%
Net Earnings $17.28M $15.55M $16.83M
YoY Change -17.71% -0.21% 39.83%
Net Earnings / Revenue 26.36% 29.42% 35.23%
Basic Earnings Per Share $0.35 $0.31 $0.33
Diluted Earnings Per Share $0.35 $0.31 $330.5K
COMMON SHARES
Basic Shares Outstanding 49.31M shares 49.76M shares 50.25M shares
Diluted Shares Outstanding 49.72M shares 50.20M shares 50.91M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $309.1M $277.7M $276.9M
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 $64.31M $64.77M $88.80M
YoY Change -3.43% -4.64% 28.19%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $5.849B $5.708B $5.518B
YoY Change 8.29% 7.47% -8.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $42.52M $25.23M $19.62M
YoY Change 22.88% -24.67% -35.25%
Accrued Expenses $32.00M $33.00M $26.00M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $74.52M $58.23M $45.62M
YoY Change 115.37% 73.83% 50.56%
LONG-TERM LIABILITIES
Long-Term Debt $1.048M $1.041M $1.022M
YoY Change 4.8% 4.1% 2.2%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $1.048M $1.041M $1.022M
YoY Change 4.8% 4.1% 2.2%
TOTAL LIABILITIES
Total Short-Term Liabilities $74.52M $58.23M $45.62M
Total Long-Term Liabilities $1.048M $1.041M $1.022M
Total Liabilities $5.268B $5.100B $4.895B
YoY Change 10.94% 9.11% -8.83%
SHAREHOLDERS EQUITY
Retained Earnings $194.1M $176.9M
YoY Change 53.72% 67.97%
Common Stock $530.0K $529.0K
YoY Change 0.76% 0.76%
Preferred Stock
YoY Change
Treasury Stock (at cost) $59.33M $48.50M
YoY Change 196.64% 142.51%
Treasury Stock Shares 4.231M shares 3.436M shares 3.198M shares
Shareholders Equity $580.5M $608.0M $623.2M
YoY Change
Total Liabilities & Shareholders Equity $5.849B $5.708B $5.518B
YoY Change 8.29% 7.47% -8.0%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $17.28M $15.55M $16.83M
YoY Change -17.71% -0.21% 39.83%
Depreciation, Depletion And Amortization $1.242M $1.233M $1.241M
YoY Change -2.2% -7.99% -10.07%
Cash From Operating Activities $38.67M $8.725M $14.49M
YoY Change 65.59% -82.97% -248.79%
INVESTING ACTIVITIES
Capital Expenditures -$743.0K -$173.0K $962.0K
YoY Change 42.88% 476.67% 715.25%
Acquisitions
YoY Change
Other Investing Activities -$147.3M -$197.3M -$130.2M
YoY Change 52512.5% -178.91% 13.64%
Cash From Investing Activities -$148.1M -$197.5M -$131.2M
YoY Change 18407.25% -178.99% 14.37%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $16.59M
YoY Change 1477.19%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 140.8M 189.5M -$89.12M
YoY Change 92.0% -126.65% -125.73%
NET CHANGE
Cash From Operating Activities 38.67M 8.725M $14.49M
Cash From Investing Activities -148.1M -197.5M -$131.2M
Cash From Financing Activities 140.8M 189.5M -$89.12M
Net Change In Cash 31.46M 751.0K -$205.8M
YoY Change -67.2% -100.18% -192.71%
FREE CASH FLOW
Cash From Operating Activities $38.67M $8.725M $14.49M
Capital Expenditures -$743.0K -$173.0K $962.0K
Free Cash Flow $39.41M $8.898M $13.52M
YoY Change 65.1% -82.64% -237.25%

Facts In Submission

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CY2022Q2 us-gaap Banking Regulation Capital Conservation Buffer Capital Conserved Minimum
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CY2022Q2 us-gaap Capital
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us-gaap Interest Expense Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
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us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Short Term
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us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Short Term
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us-gaap Interest Expense Other Short Term Borrowings
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us-gaap Interest Expense Other Short Term Borrowings
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us-gaap Interest Expense
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us-gaap Interest Expense
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us-gaap Interest Income Expense Net
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us-gaap Interest Income Expense Net
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CY2022Q2 us-gaap Capital To Risk Weighted Assets
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CY2022Q2 us-gaap Capital Required For Capital Adequacy
CapitalRequiredForCapitalAdequacy
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CY2022Q2 us-gaap Available For Sale Securities Debt Maturities Next Rolling Twelve Months Amortized Cost Basis
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CY2022Q2 us-gaap Capital Required For Capital Adequacy To Risk Weighted Assets
CapitalRequiredForCapitalAdequacyToRiskWeightedAssets
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CY2022Q2 us-gaap Available For Sale Securities Debt Maturities Rolling Year Two Through Five Amortized Cost Basis
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CY2022Q2 us-gaap Provision For Loan Lease And Other Losses
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CY2021Q2 us-gaap Provision For Loan Lease And Other Losses
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us-gaap Interest And Fee Income Loans And Leases
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us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
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us-gaap Provision For Loan Lease And Other Losses
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us-gaap Interest Income Expense After Provision For Loan Loss
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us-gaap Interest Income Expense After Provision For Loan Loss
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us-gaap Realized Investment Gains Losses
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us-gaap Realized Investment Gains Losses
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CY2022Q2 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
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CY2021Q2 us-gaap Unrealized Gain Loss On Investments
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us-gaap Unrealized Gain Loss On Investments
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us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
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CY2022Q2 us-gaap Tier One Risk Based Capital
TierOneRiskBasedCapital
658089000 usd
CY2022Q2 us-gaap Available For Sale Securities Debt Maturities Rolling After Year Ten Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenAmortizedCostBasis
652943000 usd
CY2022Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
764574000 usd
CY2022Q2 us-gaap Tier One Risk Based Capital To Risk Weighted Assets
TierOneRiskBasedCapitalToRiskWeightedAssets
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CY2022Q2 us-gaap Tier One Risk Based Capital Required For Capital Adequacy
TierOneRiskBasedCapitalRequiredForCapitalAdequacy
485214000 usd
CY2022Q2 us-gaap Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets
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CY2022Q2 us-gaap Common Equity Tier One Capital
CommonEquityTierOneCapital
657055000 usd
CY2022Q2 us-gaap Common Equity Tier One Capital Ratio
CommonEquityTierOneCapitalRatio
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CY2022Q2 us-gaap Common Equity Tier One Capital Required For Capital Adequacy
CommonEquityTierOneCapitalRequiredForCapitalAdequacy
399588000 usd
CY2022Q2 cfb Common Equity Tier One Capital Required For Capital Adequacy To Risk Weighted Assets
CommonEquityTierOneCapitalRequiredForCapitalAdequacyToRiskWeightedAssets
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CY2022Q2 us-gaap Tier One Leverage Capital
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658089000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
3048000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
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CY2021Q2 us-gaap Treasury Stock Value Acquired Cost Method
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us-gaap Proceeds From Sale Of Foreclosed Assets
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us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
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CY2021Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
742656 shares
us-gaap Payments To Acquire Restricted Investments
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4208000 usd
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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558450 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
733463 shares
us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
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us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
630000 usd
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50203725 shares
us-gaap Payments To Acquire Restricted Investments
PaymentsToAcquireRestrictedInvestments
0 usd
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
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us-gaap Proceeds From Federal Home Loan Bank Borrowings
ProceedsFromFederalHomeLoanBankBorrowings
50000000 usd
us-gaap Proceeds From Federal Home Loan Bank Borrowings
ProceedsFromFederalHomeLoanBankBorrowings
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.64
us-gaap Proceeds From Life Insurance Policies
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EarningsPerShareDiluted
0.53
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WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022Q2 cfb Number Of Subsidiaries
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CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2022Q2 us-gaap Available For Sale Securities Debt Maturities Next Rolling Twelve Months Fair Value
AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue
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CY2022Q2 us-gaap Available For Sale Securities Debt Maturities Rolling Year Two Through Five Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue
5419000 usd
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
450541 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
639887 shares
CY2022Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
764574000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
32373000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2022Q2 us-gaap Available For Sale Securities Debt Maturities Rolling Year Six Through Ten Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue
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CY2022Q2 us-gaap Available For Sale Securities Debt Maturities Rolling After Year Ten Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenFairValue
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CY2022Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
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CY2022Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
2233000 usd
CY2022Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
71160000 usd
CY2022Q2 us-gaap Debt Securities Available For Sale Weighted Average Yield
DebtSecuritiesAvailableForSaleWeightedAverageYield
0.0264 pure
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2022Q2 us-gaap Cash And Securities Segregated Under Federal And Other Regulations
CashAndSecuritiesSegregatedUnderFederalAndOtherRegulations
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CY2022Q2 us-gaap Debt Securities Available For Sale Maturity Within One Year Weighted Average Yield
DebtSecuritiesAvailableForSaleMaturityWithinOneYearWeightedAverageYield
0.0344 pure
CY2022Q2 us-gaap Debt Securities Available For Sale Maturity After One Through Five Years Weighted Average Yield
DebtSecuritiesAvailableForSaleMaturityAfterOneThroughFiveYearsWeightedAverageYield
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us-gaap Financing Receivable Allowance For Credit Losses Policy For Uncollectible Amounts
FinancingReceivableAllowanceForCreditLossesPolicyForUncollectibleAmounts
<div id="TextBlockContainer832" style="position:relative;font-family:'Times New Roman';font-size:14.72px;color:#000000;line-height:normal;width:744px;height:597px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_828_XBRL_TS_9ecf327da388482592789fe77a6239dc" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer829" style="position:relative;font-family:'Times New Roman';font-size:14.72px;color:#000000;line-height:normal;width:672px;height:38px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a3891" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;font-weight:bold;font-style:italic;color:#000000;left:5px;top:0px;">ASU 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement<div style="display:inline-block;width:2px"> </div>of Credit Losses on Financial </div><div id="a3897" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;font-weight:bold;font-style:italic;color:#000000;left:5px;top:20px;">Instruments:</div></div></div><div id="div_830_XBRL_TS_58e96fb8112744c4820998ecfdee0b17" style="position:absolute;left:37px;top:61px;float:left;"><div id="TextBlockContainer831" style="position:relative;font-family:'Times New Roman';font-size:13.28px;color:#000000;line-height:normal;width:707px;height:537px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a3901" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:bold;font-style:normal;color:#000000;left:4px;top:0px;">Background</div><div id="a3902" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:74px;top:0px;"><div style="display:inline-block;width:3px"> </div>– ASU 2016-13 and its subsequent amendments provide new guidance on the impairment model for financial assets </div><div id="a3910" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:18px;">measured at amortized cost, including loans held-for-investment and<div style="display:inline-block;width:5px"> </div>off-balance sheet credit exposures. The Current Expected </div><div id="a3922" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:37px;">Credit Loss (“CECL”) model requires an estimate of expected credit losses, measured<div style="display:inline-block;width:5px"> </div>over the contractual life of an instrument, </div><div id="a3924" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:55px;">that considers forecasts of future economic conditions in addition to information<div style="display:inline-block;width:5px"> </div>about past events and current conditions. ASU </div><div id="a3926" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:74px;">2016-13 requires new disclosures, including the use of vintage<div style="display:inline-block;width:5px"> </div>analysis on the Company’s credit quality indicators.<div style="display:inline-block;width:8px"> </div></div><div id="a3934" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:110px;">In addition, ASU 2016-13 removes the available-for-sale (“AFS”) securities other-than-temporary-impairment model that reduced </div><div id="a3952" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:129px;">the cost basis of the investment and is replaced with an impairment model that<div style="display:inline-block;width:5px"> </div>will recognize an allowance for credit losses on </div><div id="a3954" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:147px;">available-for-sale securities.<div style="display:inline-block;width:4px"> </div></div><div id="a3961" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:bold;font-style:normal;color:#000000;left:4px;top:184px;">Implementation</div><div id="a3962" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:95px;top:184px;"><div style="display:inline-block;width:3px"> </div>– The Company established a CECL committee to formulate and oversee the implementation process including </div><div id="a3966" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:199px;">selection, implementation, and testing of third-party software.<div style="display:inline-block;width:4px"> </div></div><div id="a3971" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:230px;">The Company used a loss-rate ("cohort") method to estimate the expected allowance<div style="display:inline-block;width:5px"> </div>for credit losses ("ACL") for all loan pools. </div><div id="a3979" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:248px;">The cohort method identifies and captures the balance of a pool of loans with similar<div style="display:inline-block;width:5px"> </div>risk characteristics, as of a particular point </div><div id="a3986" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:267px;">in time to form a cohort, then tracks the respective losses generated by that cohort of loans over<div style="display:inline-block;width:5px"> </div>their remaining lives, or until the </div><div id="a3994" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:285px;">loans are “exhausted” (i.e., have reached an acceptable point in time at which<div style="display:inline-block;width:5px"> </div>a significant majority of all losses are </div><div id="a4001" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:304px;">expected to have been recognized). The cohort method closely aligned<div style="display:inline-block;width:5px"> </div>with the Company's incurred loss model. This allowed the </div><div id="a4011" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:322px;">Company to take advantages of the efficiencies of processes and procedures already<div style="display:inline-block;width:5px"> </div>in practice. </div><div id="a4018" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:359px;">The Company began parallel processing with the existing allowance<div style="display:inline-block;width:5px"> </div>for loan losses model during the first quarter of 2019 </div><div id="a4022" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:377px;">recalibrating inputs as necessary. The Company formulated changes to policies, procedures,<div style="display:inline-block;width:5px"> </div>disclosures, and internal controls that </div><div id="a4029" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:396px;">were necessary to transition to the new standard. A third-party completed validation of the completeness, accuracy, and </div><div id="a4045" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:414px;">reasonableness of the model in the fourth quarter of 2021. Refer to<div style="display:inline-block;width:5px"> </div>“Note 4: Loans and Allowance for Credit Losses” for </div><div id="a4053" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:432px;">additional information regarding the policies, procedures, and credit<div style="display:inline-block;width:5px"> </div>quality indicators used by the Company. </div><div id="a4057" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:bold;font-style:normal;color:#000000;left:4px;top:466px;">Impact of adoption</div><div id="a4058" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:113px;top:466px;"><div style="display:inline-block;width:3px"> </div>– The Company adopted ASU 2016-13 on January 1, 2022 using the modified retrospective approach. All </div><div id="a4064" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:485px;">disclosures as of and for the three-<div style="display:inline-block;width:4px"> </div>and six-month periods ended June 30, 2022 are presented in accordance<div style="display:inline-block;width:5px"> </div>with ASC 326, </div><div id="a4070" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:503px;">Financial Instruments-Credit Losses. The Company did not recast comparative<div style="display:inline-block;width:5px"> </div>financial periods and has presented those </div><div id="a4074" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:521px;">disclosures under previously applicable GAAP. Because the Company<div style="display:inline-block;width:5px"> </div>chose the cohort method, the model must consider net </div></div></div></div><div id="TextBlockContainer835" style="position:relative;font-family:'Times New Roman';font-size:13.28px;color:#000000;line-height:normal;width:695px;height:144px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a4085" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:0px;">deferred fees and costs. As a result, the Company transferred the previously disclosed unearned fees into the applicable loan </div><div id="a4087" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:18px;">segments.</div><div id="a4089" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:37px;">The Company used the prospective transition approach for AFS securities for which other-than-temporary-impairment<div style="display:inline-block;width:5px"> </div>has been </div><div id="a4099" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:55px;">recognized prior to January 1, 2022. As a result, the amortized cost basis remains the same before and after the effective date of </div><div id="a4101" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:74px;">ASU 2016-13.<div style="display:inline-block;width:4px"> </div></div><div id="a4106" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:110px;">The following table illustrates the impact of adopting ASU 2016-13 and details how outstanding loan balances have been </div><div id="a4109" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:129px;">reclassified because of changes made to the Company’s loan segments under<div style="display:inline-block;width:5px"> </div>CECL:</div></div><div id="TextBlockContainer843" style="position:relative;font-family:'Times New Roman';font-size:13.28px;color:#000000;line-height:normal;width:707px;height:145px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a4462" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:0px;">In connection with adoption of ASU 2016-13, changes were made to the Company’s loan segments to align with the methodology </div><div id="a4466" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:18px;">applied in determining the allowance under CECL. The commercial and industrial loan portfolio<div style="display:inline-block;width:5px"> </div>was separated into term loans </div><div id="a4470" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:37px;">and lines of credit. In addition, the remaining Paycheck Protection Program (“PPP”)<div style="display:inline-block;width:5px"> </div>loans were consolidated into the commercial </div><div id="a4477" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:55px;">and industrial term loan segment due to their declining outstanding balance.<div style="display:inline-block;width:5px"> </div>The Company also separated the residential and </div><div id="a4483" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:73px;">multifamily real estate loan segments. Refer to “Note 4: Loans and Allowance for Credit Losses” for detail on the<div style="display:inline-block;width:5px"> </div>loan segments.<div style="display:inline-block;width:3px"> </div></div><div id="a4494" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:bold;font-style:normal;color:#000000;left:4px;top:110px;">Accounting Policies:</div><div id="a4495" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:120px;top:110px;"><div style="display:inline-block;width:3px"> </div>The Company updated the below accounting policies due to adoption of ASU 2016-13: </div></div><div id="TextBlockContainer848" style="position:relative;font-family:'Times New Roman';font-size:13.28px;color:#000000;line-height:normal;width:708px;height:494px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_846_XBRL_TS_b7b08e45e2c6468e81b3df1e4612caa1_1" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer847" style="position:relative;font-family:'Times New Roman';font-size:13.28px;color:#000000;line-height:normal;width:708px;height:494px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a4510" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:0px;">Accrued Interest - </div><div id="a4515" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:37px;">The Company made an accounting policy election to exclude accrued interest from<div style="display:inline-block;width:5px"> </div>the amortized cost basis of loans. In addition, </div><div id="a4517" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:55px;">the Company elected not to measure an allowance for credit losses for accrued<div style="display:inline-block;width:5px"> </div>interest receivable, because a timely write-off </div><div id="a4522" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:74px;">policy exists. The policy generally requires loans to be placed on non-accrual<div style="display:inline-block;width:5px"> </div>when principal or interest is 90 days or more past </div><div id="a4525" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:92px;">due unless the loan is well-secured and in the process of collection. A well-secured loan means that collateral or a guaranty has </div><div id="a4533" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:110px;">sufficient value to pay off the loan in full. When a loan is placed on non-accrual, accrued<div style="display:inline-block;width:5px"> </div>interest is reversed against interest </div><div id="a4540" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:129px;">income.<div style="display:inline-block;width:4px"> </div></div><div id="a4543" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:166px;">The Company made a policy election to exclude accrued interest from<div style="display:inline-block;width:5px"> </div>the amortized cost basis of AFS securities. AFS securities </div><div id="a4576" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:184px;">are placed on non-accrual status when the Company no longer expects<div style="display:inline-block;width:5px"> </div>to receive all contractual amounts due, which is generally </div><div id="a4585" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:202px;">at 90 days past due. Accrued interest receivable is reversed against interest income when a security is placed on non-accrual </div><div id="a4588" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:221px;">status. Accordingly, the Company did not recognize an allowance for credit loss against accrued interest receivable.<div style="display:inline-block;width:5px"> </div></div><div id="a4598" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:258px;">Available-for-sale Securities in an Unrealized Loss Position –<div style="display:inline-block;width:2px"> </div></div><div id="a4610" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:294px;">For AFS securities in an unrealized loss position, the Company first assesses whether it intends to sell, or it is more<div style="display:inline-block;width:5px"> </div>likely than not </div><div id="a4615" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:313px;">that it will be required to sell the security before recovery of its amortized cost basis. If<div style="display:inline-block;width:5px"> </div>either of the criteria regarding<div style="display:inline-block;width:4px"> </div>intent or </div><div id="a4618" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:331px;">requirement to sell is met, the securities’ amortized cost basis is written down to fair value through income. For AFS securities </div><div id="a4620" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:350px;">that do not meet the criteria above, the Company evaluates whether the decline<div style="display:inline-block;width:5px"> </div>in fair value has resulted from credit losses or </div><div id="a4622" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:368px;">other factors. Management considers the extent to which fair value is less than amortized<div style="display:inline-block;width:5px"> </div>cost, any changes to the rating of the </div><div id="a4624" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:386px;">security by a rating agency, and adverse conditions specifically related to<div style="display:inline-block;width:5px"> </div>the security, among other factors.<div style="display:inline-block;width:4px"> </div></div><div id="a4627" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:423px;">If this assessment indicates that a credit loss exists, the present value of cash flows<div style="display:inline-block;width:5px"> </div>expected to be collected from the security is </div><div id="a4631" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:442px;">compared to the amortized cost basis of the security. If the present value of<div style="display:inline-block;width:5px"> </div>cash flows expected to be collected is less than the </div><div id="a4633" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:460px;">amortized cost basis, a credit loss exists and an allowance for credit losses is recorded<div style="display:inline-block;width:5px"> </div>for the credit loss, limited by the amount </div><div id="a4636" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:478px;">that the fair value is less than amortized cost basis.</div></div></div></div>
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us-gaap Net Income Loss Available To Common Stockholders Diluted
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Equity Securities Fv Ni Realized Gain Loss
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us-gaap Financing Receivable Nonaccrual Interest Income
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CY2022Q2 us-gaap Off Balance Sheet Credit Loss Liability
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CY2022Q2 us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
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CY2022Q2 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
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CY2021Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
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CY2021Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
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1806000 usd
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2838000 usd
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CY2022Q2 us-gaap Time Deposits
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CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Rolling Twelve Months
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LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo
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CY2021Q4 us-gaap Common Equity Tier One Capital Required For Capital Adequacy
CommonEquityTierOneCapitalRequiredForCapitalAdequacy
362707000 usd
CY2021Q4 cfb Common Equity Tier One Capital Required For Capital Adequacy To Risk Weighted Assets
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CY2021Q4 us-gaap Tier One Leverage Capital
TierOneLeverageCapital
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CY2021Q4 us-gaap Tier One Leverage Capital To Average Assets
TierOneLeverageCapitalToAverageAssets
0.118 pure
CY2021Q4 us-gaap Tier One Leverage Capital Required For Capital Adequacy
TierOneLeverageCapitalRequiredForCapitalAdequacy
218510000 usd
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TierOneLeverageCapitalRequiredForCapitalAdequacyToAverageAssets
0.040 pure
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
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1120000 usd
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1575000 usd
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2235000 usd
us-gaap Allocated Share Based Compensation Expense
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2224000 usd
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.21 pure
CY2022Q2 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
4110000 usd
CY2021Q2 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
3957000 usd
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
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us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
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CY2022Q2 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
890000 usd
CY2021Q2 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
1212000 usd
us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
-1744000 usd
us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
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CY2022Q2 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
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CY2021Q2 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
40000 usd
us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
193000 usd
us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
90000 usd
CY2022Q2 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
728000 usd
CY2021Q2 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
682000 usd
us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1424000 usd
us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1178000 usd
CY2022Q2 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
15000 usd
CY2021Q2 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
-131000 usd
us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
-154000 usd
us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
-117000 usd
CY2022Q2 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-47000 usd
CY2021Q2 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-73000 usd
us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-27000 usd
us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-73000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8215000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6171000 usd
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DeferredTaxAssetsUnrealizedLossesOnAvailableforSaleSecuritiesGross
16020000 usd
CY2021Q4 us-gaap Deferred Tax Assets Unrealized Losses On Availablefor Sale Securities Gross
DeferredTaxAssetsUnrealizedLossesOnAvailableforSaleSecuritiesGross
0 usd
CY2022Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Provision For Loan Losses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsProvisionForLoanLosses
14716000 usd
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DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsProvisionForLoanLosses
14051000 usd
CY2022Q2 cfb Deferred Tax Assets Lease Incentive
DeferredTaxAssetsLeaseIncentive
481000 usd
CY2021Q4 cfb Deferred Tax Assets Lease Incentive
DeferredTaxAssetsLeaseIncentive
508000 usd
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DeferredTaxAssetsLoanFees
3302000 usd
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DeferredTaxAssetsLoanFees
3227000 usd
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DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
1705000 usd
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DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
2735000 usd
CY2022Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
1749000 usd
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DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
2418000 usd
CY2022Q2 us-gaap Deferred Tax Assets State Taxes
DeferredTaxAssetsStateTaxes
273000 usd
CY2021Q4 us-gaap Deferred Tax Assets State Taxes
DeferredTaxAssetsStateTaxes
1033000 usd
CY2022Q2 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
764000 usd
CY2021Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
2057000 usd
CY2022Q2 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
39010000 usd
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
26029000 usd
CY2022Q2 cfb Deferred Tax Liabilities Unrealized Gains On Available For Sale Securities
DeferredTaxLiabilitiesUnrealizedGainsOnAvailableForSaleSecurities
0 usd
CY2021Q4 cfb Deferred Tax Liabilities Unrealized Gains On Available For Sale Securities
DeferredTaxLiabilitiesUnrealizedGainsOnAvailableForSaleSecurities
6967000 usd
CY2022Q2 cfb Deferred Tax Liabilities Federal Home Loan Bank Basis
DeferredTaxLiabilitiesFederalHomeLoanBankBasis
722000 usd
CY2021Q4 cfb Deferred Tax Liabilities Federal Home Loan Bank Basis
DeferredTaxLiabilitiesFederalHomeLoanBankBasis
757000 usd
CY2022Q2 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
2341000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
2602000 usd
CY2022Q2 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
1041000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
1229000 usd
CY2022Q2 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
4104000 usd
CY2021Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
11555000 usd
CY2022Q2 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
34906000 usd
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
14474000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
245000 usd
us-gaap Litigation Settlement Expense
LitigationSettlementExpense
2300000 usd
CY2022Q2 us-gaap Loss Contingency Receivable
LossContingencyReceivable
1200000 usd
us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
-1100000 usd
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
30000000 usd
CY2022Q2 cfb Operating And Finance Lease Liabilities
OperatingAndFinanceLeaseLiabilities
33000000 usd
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P12Y4M24D
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0239 pure
CY2022Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
92000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
92000 usd
CY2022Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
46000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
46000 usd
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
603000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
1329000 usd
CY2022Q2 us-gaap Variable Lease Cost
VariableLeaseCost
345000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
558000 usd
CY2022Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
5000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
10000 usd
CY2022Q2 us-gaap Lease Cost
LeaseCost
1091000 usd
us-gaap Lease Cost
LeaseCost
2035000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
3070000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
490000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2793000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
490000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2804000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
490000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2836000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
490000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
15243000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
8823000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
28248000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
11028000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
3362000 usd
CY2022Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
3302000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
24886000 usd
CY2022Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
7726000 usd
CY2022Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
699000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
1400000 usd
CY2022Q2 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
123000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
123000 usd
CY2022Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
CY2022Q2 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
33500 shares
CY2022Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
5.00
CY2022Q2 us-gaap Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
33500 shares
CY2022Q2 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
80000 shares
CY2021Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
113500 shares
CY2022Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
5.00
CY2022Q2 cfb Number Of Warrants Expire Next Fiscal Year
NumberOfWarrantsExpireNextFiscalYear
80000 shares
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
52972244 shares

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