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COASTAL FINANCIAL CORPORATION NEWS RELEASE Coastal Financial Corporation Announces First Quarter 2021 Results 4/27/2021 First Quarter 2021 Highlights : • • • Net income totaled $ 6.0 million for the quarter ended March 31 , 2021 , or $ 0.49 per diluted common share , an increase of 29.1 % from $ 4.7 million , or $ 0.38 per diluted common share , for the quarter ended December 31 , 2020 . Basic earnings per share increased 28.2 % , and diluted earnings per share increased 27.9 % , for the quarter ended March 31 , 2021 , compared to the quarter ended December 31 , 2020 . Total assets grew $ 263.2 million , or 14.9 % , to $ 2.03 billion for the quarter ended March 31 , 2021 , compared to $ 1.77 billion at December 31 , 2020 . • Total loans receivable , including $ 543.8 million in Paycheck Protection Program ( " PPP " ) loans , grew $ 219.6 million , or 14.2 % , to $ 1.77 billion for the quarter ended March 31 , 2021 , compared to $ 1.55 billion at December 31 , 2020 . • Total deposits increased $ 250.4 million , or 17.6 % , to $ 1.67 billion for the quarter ended March 31 , 2021 , compared to $ 1.42 billion at December 31 , 2020 . • Originated $ 283.6 million in PPP loans in the three months ended March 31 , 2021 . • CCBX relationships increased to 21 at March 31 , 2021 , compared to 15 at December 31 , 2020 . EVERETT , Wash . , April 27 , 2021 ( GLOBE NEWSWIRE ) -- Coastal Financial Corporation ( Nasdaq : CCB ) ( the " Company " ) , the holding company for Coastal Community Bank ( the " Bank " ) , today reported unaudited financial results for the quarter ended March 31 , 2021. Net income for the first quarter of 2021 was 1