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COASTAL FINANCIAL CORPORATION NEWS RELEASE Coastal Financial Corporation Announces Third Quarter 2021 Results 10/27/2021 Third Quarter 2021 Highlights : • Total assets increased $ 444.4 million , or 22.1 % , to $ 2.45 billion for the quarter ended September 30 , 2021 , compared to $ 2.01 billion at June 30 , 2021 . • Total deposits increased $ 421.9 million , or 23.4 % , to $ 2.22 billion for the quarter ended September 30 , 2021 , compared to $ 1.8 billion at June 30 , 2021 . • • Loan growth of $ 47.5 million during the quarter ended September 30 , 2021. This growth is net of $ 130.8 million in forgiven or paid down Paycheck Protection Program ( " PPP " ) loans during the quarter ended September 30 , 2021 . CCBX loans increased $ 86.7 million , and community bank loans increased $ 89.4 million , excluding PPP loans during the quarter ended September 30 , 2021 . • CCBX deposits increased $ 339.8 million during the quarter ended September 30 , 2021 . • Net income totaled $ 6.7 million for the quarter ended September 30 , 2021 , or $ 0.54 per diluted common share , compared to $ 7.0 million , or $ 0.56 per diluted common share , for the quarter ended June 30 , 2021 . EVERETT , Wash . , Oct. 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 September 30 , 2021. Net income for the third quarter of 2021 was $ 6.7 million , or $ 0.54 per diluted common share , compared with net income of $ 7.0 million , or 1