Community West Bancshares (CWBC) 10-Q 8 May 20 2020 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2020	Apr. 24, 2020
Cover [Abstract]
Entity Registrant Name	COMMUNITY WEST BANCSHARES /
Entity Central Index Key	0001051343
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		8,472,463
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Entity Address, State or Province	CA

CONSOLIDATED BALANCE SHEETS (un

CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Assets:
Cash and due from banks	$ 3,000	$ 2,536
Federal funds sold	2	3
Interest-earning demand in other financial institutions	86,663	80,122
Cash and cash equivalents	89,665	82,661
Investment securities - available-for-sale, at fair value; amortized cost of $18,226 at March 31, 2020 and $19,382 at December 31, 2019	18,059	19,264
Investment securities - held-to-maturity, at amortized cost; fair value of $6,019 at March 31, 2020 and $6,302 at December 31, 2019	5,739	6,132
Investment securities - measured at fair value	111	167
Federal Home Loan Bank stock, at cost	2,970	2,714
Federal Reserve Bank stock, at cost	1,373	1,373
Loans:
Held for sale, at lower of cost or fair value	39,458	42,046
Held for investment, net of allowance for loan losses of $9,167 at March 31, 2020 and $8,717 at December 31, 2019	733,371	724,800
Total loans	772,829	766,846
Other assets acquired through foreclosure, net	2,707	2,524
Premises and equipment, net	7,501	7,655
Other assets	24,254	24,534
Total assets	925,208	913,870
Deposits:
Non-interest-bearing demand	121,293	110,843
Interest-bearing demand	286,736	314,278
Savings	16,016	15,689
Certificates of deposit ($250,000 or more)	93,615	96,431
Other certificates of deposit	193,939	213,693
Total deposits	711,599	750,934
Other borrowings	115,000	65,000
Other liabilities	15,448	15,958
Total liabilities	842,047	831,892
Commitments and Contingencies (Note 12)
Stockholders' equity:
Common stock - no par value, 60,000,000 shares authorized; 8,472,463 shares issued and outstanding at March 31, 2020 and 8,472,463 at December 31, 2019	42,671	42,586
Retained earnings	40,602	39,470
Accumulated other comprehensive (loss)	(112)	(78)
Total stockholders' equity	83,161	81,978
Total liabilities and stockholders' equity	$ 925,208	$ 913,870

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (unaudited) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Assets:
Investment securities available-for-sale, amortized cost	$ 18,226	$ 19,382
Investment securities held-to-maturity, fair value	6,019	6,302
Investment securities measured at fair value, amortized cost	66	66
Loans:
Held for investment, allowance for loan losses	$ 9,167	$ 8,717
Stockholders' equity:
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	60,000,000	60,000,000
Common stock, shares issued (in shares)	8,472,463	8,472,463
Common stock, shares outstanding (in shares)	8,472,463	8,472,463

CONSOLIDATED INCOME STATEMENTS

CONSOLIDATED INCOME STATEMENTS (unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Interest income:
Loans, including fees	$ 10,664	$ 10,541
Investment securities and other	311	484
Total interest income	10,975	11,025
Interest expense:
Deposits	2,122	2,444
Other borrowings	390	358
Total interest expense	2,512	2,802
Net interest income	8,463	8,223
(Credit) provision for loan losses	392	(57)
Net interest income after provision for loan losses	8,071	8,280
Non-interest income:
Other loan fees	341	258
Gains from loan sales, net	190	0
Document processing fees	124	87
Service charges	134	139
Other	161	120
Total non-interest income	950	604
Non-interest expenses:
Salaries and employee benefits	4,398	4,381
Occupancy, net	758	782
Professional services	383	381
Data processing	283	224
Depreciation	208	213
FDIC assessment	144	170
Advertising and marketing	153	129
Stock-based compensation	85	95
Other	317	342
Total non-interest expenses	6,729	6,717
Income before provision for income taxes	2,292	2,167
Provision for income taxes	694	657
Net income	$ 1,598	$ 1,510
Earnings per share:
Basic (in dollars per share)	$ 0.19	$ 0.18
Diluted (in dollars per share)	$ 0.19	$ 0.18
Weighted average number of common shares outstanding:
Basic (in shares)	8,472	8,491
Diluted (in shares)	8,579	8,604
Dividends declared per common share (in dollars per share)	$ 0.055	$ 0.050

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME [Abstract]
Net income	$ 1,598	$ 1,510
Other comprehensive (loss) income, net:
Unrealized (loss) income on securities available-for-sale (AFS), net (tax effect of $14 and $(5) for each respective period presented)	(34)	7
Net other comprehensive (loss) income	(34)	7
Comprehensive income	$ 1,564	$ 1,517

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Other comprehensive (loss) income, net:
Unrealized (loss) income on securities available-for-sale (AFS), net, tax effect	$ 14	$ (5)

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Retained Earnings [Member]	Total
Balance at Dec. 31, 2018	$ 42,964	$ (141)	$ 33,328	$ 76,151
Balance (in shares) at Dec. 31, 2018	8,533,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 0	0	1,510	1,510
Exercise of stock options	$ 43	0	0	43
Exercise of stock options (in shares)	6,000
Stock based compensation	$ 95	0	0	95
Stock based compensation (in shares)	0
Common stock repurchase	$ (929)	0	0	(929)
Common stock repurchase (in shares)	(89,000)
Dividends on common stock	$ 0	0	(424)	(424)
Dividends on common stock (in shares)	0
Other comprehensive income (loss), net	$ 0	7	0	7
Balance at Mar. 31, 2019	$ 42,173	(134)	34,414	76,453
Balance (in shares) at Mar. 31, 2019	8,450,000
Balance at Dec. 31, 2019	$ 42,586	(78)	39,470	$ 81,978
Balance (in shares) at Dec. 31, 2019	8,472,000			8,472,463
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 0	0	1,598	$ 1,598
Exercise of stock options	$ 0	0	0	0
Exercise of stock options (in shares)	0
Stock based compensation	$ 85	0	0	85
Stock based compensation (in shares)	0
Common stock repurchase	$ 0	0	0	0
Common stock repurchase (in shares)	0
Dividends on common stock	$ 0	0	(466)	(466)
Dividends on common stock (in shares)	0
Other comprehensive income (loss), net	$ 0	(34)	0	(34)
Balance at Mar. 31, 2020	$ 42,671	$ (112)	$ 40,602	$ 83,161
Balance (in shares) at Mar. 31, 2020	8,472,000			8,472,463

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Cash flows from operating activities:
Net income	$ 1,598	$ 1,510
Adjustments to reconcile net income to cash provided by operating activities:
Provision (credit) for loan losses	392	(57)
Depreciation	208	213
Stock based compensation	85	95
Deferred income taxes	226	212
Net accretion of discounts and premiums for investment securities	29	20
(Gains) Losses on:
Sale of loans, net	(190)	0
Sale of assets, net	0	7
Loans originated for sale and principal collections, net	2,588	1,360
Changes in:
Investment securities held at fair value	56	(24)
Other assets	(113)	401
Other liabilities	(282)	(22)
Servicing assets, net	(124)	8
Net cash provided by operating activities	4,473	3,723
Cash flows from investing activities:
Principal pay downs and maturities of available-for-sale securities	1,136	582
Principal pay downs and maturities of held-to-maturity securities	385	225
Loan originations and principal collections, net	(8,879)	(3,169)
Purchase of restricted stock, net	(256)	0
Purchase of premises and equipment, net	(54)	(33)
Net cash used in investing activities	(7,668)	(2,395)
Cash flows from financing activities:
Net (decrease) increase in deposits	(39,335)	18,723
Net increase (decrease) in borrowings	50,000	(22,250)
Exercise of stock options	0	43
Cash dividends paid on common stock	(466)	(424)
Common stock repurchase	0	(929)
Net cash provided (used) by financing activities	10,199	(4,837)
Net increase cash and cash equivalents	7,004	(3,509)
Cash and cash equivalents at beginning of period	82,661	56,915
Cash and cash equivalents at end of period	89,665	53,406
Cash paid during the period for:
Interest	2,134	2,521
Non-cash investing and financing activity:
Transfers to other assets acquired through foreclosure, net	106	0
Operating lease right-of-use asset	0	8,350
Operating lease liability	$ 0	$ 8,350

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations Community West Bancshares (“CWBC”), incorporated under the laws of the state of California, is a bank holding company providing full service banking through its wholly-owned subsidiary Community West Bank, N.A. (“CWB” or the “Bank”). Unless indicated otherwise or unless the context suggests otherwise, these entities are referred to herein collectively and on a consolidated basis as the “Company.” Basis of Presentation The accounting and reporting policies of the Company are in accordance with accounting principles generally accepted in the United States (“GAAP”) and conform to practices within the financial services industry. The accounts of the Company and its consolidated subsidiary are included in these Consolidated Financial Statements. All significant intercompany balances and transactions have been eliminated. Use of Estimates 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 disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant changes in the near term relate to the determination of the allowance for loan losses and the fair value of securities available for sale. Although Management believes these estimates to be reasonably accurate, actual amounts may differ. In the opinion of Management, all necessary adjustments have been reflected in the financial statements during their preparation. Interim Financial Information The accompanying unaudited consolidated financial statements as of March 31, 2020 and 2019, and for the three months, have been prepared in a condensed format, and therefore do not include all of the information and footnotes required by GAAP for complete financial statements. These statements have been prepared on a basis that is substantially consistent with the accounting principles applied to our audited consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2019. The information furnished in these interim statements reflects all adjustments which are, in the opinion of management, necessary for a fair statement of the results for each respective period presented. Such adjustments are of a normal recurring nature. The results of operations in the interim statements are not necessarily indicative of the results that may be expected for any other quarter or for the full year. The interim financial information should be read in conjunction with the Company’s audited consolidated financial statements. Reclassifications Certain amounts in the consolidated financial statements as of December 31, 2019 and for the three months ended March 31, 2019 have been reclassified to conform to the current presentation. The reclassifications have no effect on net income, comprehensive income or stockholders’ equity as previously reported. Loans Held For Sale Loans which are originated and intended for sale in the secondary market are carried at the lower of cost or estimated fair value determined on an aggregate basis. Valuation adjustments, if any, are recognized through a valuation allowance by charges to lower of cost or fair value provision. Loans held for sale are mostly comprised of commercial agriculture and Small Business Association (“SBA”). The Company did not incur any lower of cost or fair value provision in the three months ended March 31, 2020 and 2019. Loans Held for Investment and Interest and Fees from Loans Loans are recognized at the principal amount outstanding, net of unearned income, loan participations and amounts charged off. Unearned income includes deferred loan origination fees reduced by loan origination costs. Unearned income on loans is amortized to interest income over the life of the related loan using the level yield method. Interest income on loans is accrued daily using the effective interest method and recognized over the terms of the loans. Loan fees collected for the origination of loans less direct loan origination costs (net deferred loan fees) are amortized over the contractual life of the loan through interest income. If the loan has scheduled payments, the amortization of the net deferred loan fee is calculated using the interest method over the contractual life of the loan. If the loan does not have scheduled payments, such as a line of credit, the net deferred loan fee is recognized as interest income on a straight-line basis over the contractual life of the loan commitment. Commitment fees based on a percentage of a customer’s unused line of credit and fees related to standby letters of credit are recognized over the commitment period. When loans are repaid, any remaining unamortized balances of unearned fees, deferred fees and costs and premiums and discounts paid on purchased loans are accounted for through interest income. Nonaccrual loans: For all loan types, when a loan is placed on nonaccrual status, all interest accrued but uncollected is reversed against interest income in the period in which the status is changed. Subsequent payments received from the customer are applied to principal and no further interest income is recognized until the principal has been paid in full or until circumstances have changed such that payments are again consistently received as contractually required. The Company occasionally recognizes income on a cash basis for non-accrual loans in which the collection of the remaining principal balance is not in doubt. Impaired loans: Troubled debt restructured loan (“TDR”): Guidance on Non-TDR Loan Modifications due to COVID-19 On March 22, 2020, a statement was issued by banking regulators and titled “Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working with Customers Affected by the Coronavirus” that encourages financial institutions to work prudently with borrowers who are or may be unable to meet their contractual payment obligations due to the effects of COVID-19. Additionally, Section 4013 of the Coronavirus Aid, Relief and Economic Security Act (Cares Act) that passed on March 27, 2020 further provides that a qualified loan modification is exempt by law from classification as a TDR as defined by GAAP, from the period beginning March 1, 2020 until the earlier of December 31, 2020 or the date that is 60 days after the date on which the national emergency concerning the COVID-19 outbreak declared by the President of the United States under the National Emergencies Act (50 U.S.C. 1601 et seq.) terminates. Accordingly, we are offering short-term modifications made in response to COVID-19 to borrowers who are current and otherwise not past due. These include short-term, 180 days or less, modifications in the form of payment deferrals, fee waivers, extension of repayment terms, or other delays in payment that are insignificant. The modifications completed in the three months ended March 31, 2020 were immaterial. Allowance for Loan Losses and Provision for Loan Losses The Company maintains a detailed, systematic analysis and procedural discipline to determine the amount of the allowance for loan losses (“ALL”). The ALL is based on estimates and is intended to be appropriate to provide for probable losses inherent in the loan portfolio. This process involves deriving probable loss estimates that are based on migration analysis and historical loss rates, in addition to qualitative factors that are based on management’s judgment. The migration analysis and historical loss rate calculations are based on the annualized loss rates and the Company extended its time horizon for the ALL methodology in 2019. Migration analysis is utilized for the Commercial Real Estate (“CRE”), Commercial, Commercial Agriculture, Small Business Administration (“SBA”), Home Equity Line of Credit (“HELOC”), Single Family Residential, and Consumer portfolios. The historical loss rate method is utilized primarily for the Manufactured Housing portfolio. The migration analysis takes into account the risk rating of loans that are charged off in each loan category. Loans that are considered Doubtful are typically charged off. The following is a description of the characteristics of loan ratings. Loan ratings are reviewed as part of our normal loan monitoring process, but, at a minimum, updated on an annual basis. Substantially Risk Free – These borrowers have virtually no of default or loss given default and present no identifiable or potential adverse risk to the Company. Documented repayment is either backed by the full faith and credit of the United States Government, or secured by cash collateral of the principal borrowed. The collateral must be in the possession of the Company and free from potential claim. In addition, these credits will conform in all aspects to established loan policies and procedures, laws, rules, and regulations. Nominal Risk – Pass/Management Attention Risk Special Mention - Substandard - Doubtful - Loss - The Company’s ALL is maintained at a level believed appropriate by management to absorb known and inherent probable losses on existing loans. The allowance is charged for losses when management believes that full recovery on the loan is unlikely. The following is the Company’s policy regarding charging off loans. Commercial, CRE and SBA Loans Charge-offs on these loan categories are taken as soon as all or a portion of any loan balance is deemed to be uncollectible. A loan is considered impaired when, based on current information, it is probable that the Company will be unable to collect the scheduled payments of principal and/or interest under the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and/or interest payments. Loans that experience insignificant payment delays or payment shortfalls generally are not classified as impaired. Generally, loan balances are charged-down to the fair value of the collateral, if, based on a current assessment of the value, an apparent deficiency exists. In the event there is no perceived equity, the loan is charged-off in full. Unsecured loans which are delinquent over 90 days are, without clear support, also charged-off in full. Single Family Real Estate, HELOC’s and Manufactured Housing Loans Consumer loans and residential mortgages secured by one-to-four family residential properties, HELOC and manufactured housing loans in which principal or interest is due and unpaid for 90 days, are evaluated for impairment. Loan balances are charged-off to the fair value of the property, less estimated selling costs, if, based on a current appraisal, an apparent deficiency exists. In the event there is no perceived equity, the loan is generally fully charged-off. Consumer Loans All consumer loans (excluding real estate mortgages, HELOCs and cash secured loans) are charged-off or charged-down to net recoverable value before becoming 120 days or five payments delinquent. The ALL calculation for the different loan portfolios is as follows: • Commercial Real Estate, Commercial, Commercial Agriculture, SBA, HELOC, Single Family Residential, and Consumer – Migration analysis combined with risk rating is used to determine the required ALL for all non-impaired loans. In addition, the migration results are adjusted based upon qualitative factors that affect the specific portfolio category. Reserves on impaired loans are determined based upon the individual characteristics of the loan. • Manufactured Housing – The ALL is calculated on the basis of loss history and risk rating, which is primarily a function of delinquency. In addition, the loss results are adjusted based upon qualitative factors that affect this specific portfolio. The Company evaluates and individually assesses for impairment loans classified as substandard or doubtful in addition to loans either on nonaccrual, considered a TDR or when other conditions exist which lead management to review for possible impairment. Measurement of impairment on impaired loans is determined on a loan-by-loan basis and in total establishes a specific reserve for impaired loans. The amount of impairment is determined by comparing the recorded investment in each loan with its value measured by one of three methods: • The expected future cash flows are estimated and then discounted at the effective interest rate. • The value of the underlying collateral net of selling costs. Selling costs are estimated based on industry standards, the Company’s actual experience or actual costs incurred as appropriate. When evaluating real estate collateral, the Company typically uses appraisals or valuations, no more than twelve months old at time of evaluation. When evaluating non-real estate collateral securing the loan, the Company will use audited financial statements or appraisals no more than twelve months old at time of evaluation. Additionally, for both real estate and non-real estate collateral, the Company may use other sources to determine value as deemed appropriate. • The loan’s observable market price. Interest income is not recognized on impaired loans except for limited circumstances in which a loan, although impaired, continues to perform in accordance with the loan contract and the borrower provides financial information to support maintaining the loan on accrual. The Company determines the appropriate ALL on a monthly basis. Any differences between estimated and actual observed losses from the prior month are reflected in the current period in determining the appropriate ALL determination and adjusted as deemed necessary. The review of the appropriateness of the allowance takes into consideration such factors as concentrations of credit, changes in the growth, size and composition of the loan portfolio, overall and individual portfolio quality, review of specific problem loans, collateral, guarantees and economic and environmental conditions that may affect the borrowers’ ability to pay and/or the value of the underlying collateral. Additional factors considered include: geographic location of borrowers, changes in the Company’s product-specific credit policy and lending staff experience. These estimates depend on the outcome of future events and, therefore, contain inherent uncertainties. Another component of the ALL considers qualitative factors related to non-impaired loans. The qualitative portion of the allowance on each of the loan pools is based on changes in any of the following factors: • Concentrations of credit • Trends in volume, maturity, and composition of loans • Volume and trend in delinquency, nonaccrual, and classified assets • Economic conditions • Geographic distance • Policy and procedures or underwriting standards • Staff experience and ability • Value of underlying collateral • Competition, legal, or regulatory environment • Results of outside exams and quality of loan review and Board oversight Off Balance Sheet and Credit Exposure In the ordinary course of business, the Company has entered into off-balance sheet financial instruments consisting of commitments to extend credit and standby letters of credit. Such financial instruments are recorded in the consolidated financial statements when they are funded. They involve, to varying degrees, elements of credit risk in excess of amounts recognized in the consolidated balance sheets. Losses would be experienced when the Company is contractually obligated to make a payment under these instruments and must seek repayment from the borrower, which may not be as financially sound in the current period as they were when the commitment was originally made. Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. The Company enters into credit arrangements that generally provide for the termination of advances in the event of a covenant violation or other event of default. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Company evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Company upon extension of credit, is based on management’s credit evaluation of the party. The commitments are collateralized by the same types of assets used as loan collateral. As with outstanding loans, the Company applies qualitative factors to its off-balance sheet obligations in determining an estimate of losses inherent in these contractual obligations. The estimate for loan losses on off-balance sheet instruments is included within other liabilities and the charge to income that establishes this liability is included in non-interest expense. Foreclosed Real Estate and Repossessed Assets Foreclosed real estate and other repossessed assets are recorded at fair value at the time of foreclosure less estimated costs to sell. Any excess of loan balance over the fair value less estimated costs to sell of the other assets is charged-off against the allowance for loan losses. Any excess of the fair value less estimated costs to sell over the loan balance is recorded as a loan loss recovery to the extent of the loan loss previously charged-off against the allowance for loan losses; and, if greater, recorded as a gain on foreclosed assets. Subsequent to the legal ownership date, the Company periodically performs a new valuation and the asset is carried at the lower of carrying amount or fair value less estimated costs to sell. Operating expenses or income, and gains or losses on disposition of such properties, are recorded in current operations. Income Taxes The Company uses the asset and liability method, which recognizes an asset or liability representing the tax effects of future deductible or taxable amounts that have been recognized in the consolidated financial statements. Due to tax regulations, certain items of income and expense are recognized in different periods for tax return purposes than for financial statement reporting. These items represent “temporary differences.” Deferred income taxes are recognized for the tax effect of temporary differences between the tax basis of assets and liabilities and their financial reporting amounts at each period end based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. A valuation allowance is established for deferred tax assets if, based on the weight of available evidence, it is more likely than not that some portion or all of the deferred tax assets may not be realized. Any interest or penalties assessed by the taxing authorities is classified in the financial statements as income tax expense. Deferred tax assets are included in other assets on the consolidated balance sheets. Management evaluates the Company’s deferred tax asset for recoverability using a consistent approach which considers the relative impact of negative and positive evidence, including the Company’s historical profitability and projections of future taxable income. The Company is required to establish a valuation allowance for deferred tax assets and record a charge to income if management determines, based on available evidence at the time the determination is made, that it is more likely than not that some portion or all of the deferred tax assets may not be realized. The Company is subject to the provisions of ASC 740, Income Taxes Earnings Per Share Basic earnings per common share is computed using the weighted average number of common shares outstanding for the period divided into the net income. Diluted earnings per share include the effect of all dilutive potential common shares for the period. Potentially dilutive common shares include stock options. Recent Accounting Pronouncements Effective January 1, 2019, we adopted Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) 2016-02, Leases (Topic 842). This update amends the accounting requirements for leases by requiring recognition of lease liabilities and related right-of-use assets on the balance sheet. Lessees are required to recognize a lease liability measured on a discounted basis, which is the lessee’s right to use, or control the use of, a specified asset for the lease term. We adopted Topic 842 using the modified retrospective approach. We have recorded the cumulative effects on our balance sheet as of the effective date. As a result of the adoption, there was no impact on net income. We recorded operating lease right-of-use assets of $8.4 million and lease liabilities of $8.4 million upon adoption. As of March 31, 2020, the operating lease right-of-use assets was $6.1 million and lease liabilities of $6.1 million. As part of the adoption, we elected the package of practical expedients permitted under the transition guidance within Topic 842, which among other things, allowed us to carry forward the historical lease classifications. Leases with a term of 12 months or less are not recorded on the balance sheet. See Note 11, Leases for further information. In June of 2016, the FASB issued updated guidance codified within ASU-2016-13, “Financial Instruments – Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments,” which amends the guidance for recognizing credit losses from an “incurred loss” methodology that delays recognition of credit losses until it is probable a loss has been incurred to an expected credit loss methodology. The guidance requires the use of the modified retrospective transition method by means of a cumulative-effect adjustment to equity as of the beginning of the period in which the guidance is adopted. The standard is effective for the Company as of January 1, 2023. The Company is currently evaluating the impact of the amended guidance and has not yet determined the effect of the standard on its ongoing financial reporting. In March 2017, the FASB issued updated guidance codified within ASU-2017-08, “Receivables – Nonrefundable Fees and Other Costs (Subtopic 310-20),” which is intended to enhance the accounting for the amortization of premiums for purchased callable debt securities. The Company adopted this guidance as of January 1, 2019, which did not have a material impact on the Company’s Consolidated Financial Statements. In March 2020, the FASB issued updated guidance codified within ASU-2020-04, “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting,” which provide optional guidance for a limited period of time to ease the potential burden in accounting for (or recognizing the effects of) reference rate reform on financial reporting. In response to the risk of cessation of the London Interbank Offered Rate (“LIBOR”), The Company is currently evaluating the impact of the amended guidance and has not yet determined the effect of the standard on its ongoing financial reporting.

INVESTMENT SECURITIES

INVESTMENT SECURITIES	3 Months Ended
	Mar. 31, 2020
INVESTMENT SECURITIES [Abstract]
INVESTMENT SECURITIES	2. INVESTMENT SECURITIES The amortized cost and estimated fair value of investment securities are as follows: March 31, 2020 Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value Securities available-for-sale (in thousands) U.S. government agency notes $ 7,513 $ — $ (51 ) $ 7,462 U.S. government agency collateralized mortgage obligations (“CMO”) 10,713 27 (143 ) 10,597 Total $ 18,226 $ 27 $ (194 ) $ 18,059 Securities held-to-maturity U.S. government agency mortgage backed securities (“MBS”) $ 5,739 $ 280 $ — $ 6,019 Total $ 5,739 $ 280 $ — $ 6,019 Securities measured at fair value Equity securities: Farmer Mac class A stock $ 66 $ 45 $ — $ 111 Total $ 66 $ 45 $ — $ 111 December 31, 2019 Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value Securities available-for-sale (in thousands) U.S. government agency notes $ 8,112 $ — $ (64 ) $ 8,048 U.S. government agency collateralized mortgage obligations (“CMO”) 11,270 23 (77 ) 11,216 Total $ 19,382 $ 23 $ (141 ) $ 19,264 Securities held-to-maturity U.S. government agency mortgage backed securities (“MBS”) $ 6,132 $ 189 $ (19 ) $ 6,302 Total $ 6,132 $ 189 $ (19 ) $ 6,302 Securities measured at fair value Equity securities: Farmer Mac class A stock $ 66 $ 101 $ — $ 167 Total $ 66 $ 101 $ — $ 167 At March 31, 2020 and December 31, 2019, $23.8 million and $25.6 million of securities at carrying value, respectively, were pledged to the Federal Home Loan Bank (“FHLB”), as collateral for current and future advances. The maturity periods and weighted average yields of investment securities at the period ends indicated were as follows: March 31, 2020 Less than One Year One to Five Years Five to Ten Years Over Ten Years Total Amount Yield Amount Yield Amount Yield Amount Yield Amount Yield Securities available-for-sale (dollars in thousands) U.S. government agency notes $ — — $ 1,073 2.1 % $ 6,389 2.6 % $ — — $ 7,462 2.5 % U.S. government agency CMO 516 2.3 % 8,773 1.4 % 1,308 1.4 % — — 10,597 1.4 % Total $ 516 2.3 % $ 9,846 1.4 % $ 7,697 2.4 % $ — — $ 18,059 1.9 % Securities held-to-maturity U.S. government agency MBS $ — — $ 4,963 3.2 % $ — 0.0 % $ 776 3.6 % $ 5,739 3.3 % Total $ — — $ 4,963 3.2 % $ — 0.0 % $ 776 3.6 % $ 5,739 3.3 % Securities measured at fair value Farmer Mac class A stock $ — — $ — — $ — — $ — — $ 111 — Total $ — — $ — — $ — — $ — — $ 111 — December 31, 2019 Less than One Year One to Five Years Five to Ten Years Over Ten Years Total Amount Yield Amount Yield Amount Yield Amount Yield Amount Yield Securities available-for-sale (dollars in thousands) U.S. government agency notes $ — — $ 1,094 2.3 % $ 6,954 2.8 % $ — — $ 8,048 2.8 % U.S. government agency CMO — — 3,766 2.1 % 6,121 2.3 % 1,329 2.4 % 11,216 2.3 % Total $ — — $ 4,860 2.2 % $ 13,075 2.6 % $ 1,329 2.4 % $ 19,264 2.5 % Securities held-to-maturity U.S. government agency MBS $ — — $ 2,465 4.2 % $ 2,887 2.9 % $ 780 3.6 % $ 6,132 3.5 % Total $ — — $ 2,465 4.2 % $ 2,887 2.9 % $ 780 3.6 % $ 6,132 3.5 % Securities measured at fair value Farmer Mac class A stock $ — — $ — — $ — — $ — — $ 167 — Total $ — — $ — — $ — — $ — — $ 167 — The amortized cost and fair value of investment securities by contractual maturities as of the periods presented were as shown below: March 31, December 31, 2020 2019 Amortized Cost Estimated Fair Value Amortized Cost Estimated Fair Value Securities available-for-sale (in thousands) Due in one year or less $ 505 $ 516 $ — $ — After one year through five years 9,930 9,846 4,884 4,860 After five years through ten years 7,791 7,697 13,121 13,075 After ten years — — 1,377 1,329 Total $ 18,226 $ 18,059 $ 19,382 $ 19,264 Securities held-to-maturity Due in one year or less $ — $ — $ — $ — After one year through five years 4,963 5,119 2,465 2,565 After five years through ten years — — 2,887 2,892 After ten years 776 900 780 845 Total $ 5,739 $ 6,019 $ 6,132 $ 6,302 Securities measured at fair value Farmer Mac class A stock $ 66 $ 111 $ 66 $ 167 Total $ 66 $ 111 $ 66 $ 167 Actual maturities may differ from contractual maturities as borrowers or issuers have the right to prepay or call the investment securities. Changes in interest rates may also impact prepayments. The following tables show all securities that are in an unrealized loss position: March 31, 2020 Less Than Twelve Months More Than Twelve Months Total Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Securities available-for-sale (in thousands) U.S. government agency notes $ 2 $ 1,117 $ 49 $ 6,344 $ 51 $ 7,461 U.S. government agency CMO 18 2,075 125 6,524 143 8,599 Total $ 20 $ 3,192 $ 174 $ 12,868 $ 194 $ 16,060 Securities held-to-maturity U.S. Government-agency MBS $ — $ — $ — $ — $ — $ — Total $ — $ — $ — $ — $ — $ — Securities measured at fair value Farmer Mac class A stock $ — $ — $ — $ — $ — $ — Total $ — $ — $ — $ — $ — $ — December 31, 2019 Less Than Twelve Months More Than Twelve Months Total Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Securities available-for-sale (in thousands) U.S. government agency notes $ 3 $ 1,126 $ 61 $ 6,922 $ 64 $ 8,048 U.S. government agency CMO 25 5,275 52 2,264 77 7,539 Total $ 28 $ 6,401 $ 113 $ 9,186 $ 141 $ 15,587 Securities held-to-maturity U.S. Government-agency MBS $ — $ — $ 19 $ 2,139 $ 19 $ 2,139 Total $ — $ — $ 19 $ 2,139 $ 19 $ 2,139 Securities measured at fair value Farmer Mac class A stock $ — $ — $ — $ — $ — $ — Total $ — $ — $ — $ — $ — $ — As of March 31, 2020 and December 31, 2019, there were 21 and 20 securities, respectively, in an unrealized loss position. Declines in the fair value of held-to-maturity and available-for-sale securities below their cost that are deemed to be other-than-temporary are reflected in earnings as realized losses. In estimating other-than-temporary impairment losses, management considers, among other things: (i) the length of time and the extent to which the fair value has been less than cost; (ii) the financial condition and near-term prospects of the issuer; and (iii) the Company’s intent to sell an impaired security and if it is not more likely than not it will be required to sell the security before the recovery of its amortized basis. The unrealized losses are primarily due to increases in market interest rates over the yields available at the time the underlying securities were purchased. The fair value is expected to recover as the bonds approach their maturity date, repricing date or if market yields for such investments decline. Management does not believe any of the securities are impaired due to reasons of credit quality. Accordingly, as of March 31, 2020 and December 31, 2019, management believes the impairments detailed in the table above are temporary and no other-than-temporary impairment loss has been realized in the Company’s consolidated income statements.

LOANS HELD FOR SALE

LOANS HELD FOR SALE	3 Months Ended
	Mar. 31, 2020
LOANS HELD FOR SALE [Abstract]
LOANS HELD FOR SALE	3. LOANS HELD FOR SALE SBA and Agriculture Loans As of March 31, 2020 and December 31, 2019, the Company had approximately $9.4 million and $10.4 million, respectively, of SBA loans included in loans held for sale. As of March 31, 2020 and December 31, 2019, the principal balance of SBA loans serviced for others was $4.6 million and $5.2 million, respectively. The Company’s agricultural lending program includes loans for agricultural land, agricultural operational lines, and agricultural term loans for crops, equipment and livestock. The primary products are supported by guarantees issued from the USDA, FSA, and the USDA Business and Industry loan program. As of March 31, 2020 and December 31, 2019, the Company had $30.1 million and $31.6 million of USDA loans included in loans held for sale, respectively. As of March 31, 2020 and December 31, 2019, the principal balance of USDA loans serviced for others was $1.9 million.

LOANS HELD FOR INVESTMENT

LOANS HELD FOR INVESTMENT	3 Months Ended
	Mar. 31, 2020
LOANS HELD FOR INVESTMENT [Abstract]
LOANS HELD FOR INVESTMENT	4. LOANS HELD FOR INVESTMENT The composition of the Company’s loans held for investment loan portfolio follows: March 31, December 31, (in thousands) Manufactured housing $ 263,484 $ 257,247 Commercial real estate 391,207 385,642 Commercial 68,271 69,843 SBA 4,019 4,429 HELOC 4,196 4,531 Single family real estate 11,357 11,845 Consumer 71 94 742,605 733,631 Allowance for loan losses (9,167 ) (8,717 ) Deferred fees, net (14 ) (58 ) Discount on SBA loans (53 ) (56 ) Total loans held for investment, net $ 733,371 $ 724,800 The following table presents the contractual aging of the recorded investment in past due held for investment loans by class of loans: March 31, 2020 Current 30-59 Days Past Due 60-89 Days Past Due Over 90 Days Past Due Total Past Due Nonaccrual Total Recorded Investment Over 90 Days and Accruing (in thousands) Manufactured housing $ 262,159 $ 362 $ 34 $ — $ 396 $ 929 $ 263,484 $ — Commercial real estate: Commercial real estate 329,864 — — — — 84 329,948 — SBA 504 1st trust deed 21,450 — — — — — 21,450 — Land 4,862 — — — — — 4,862 — Construction 34,947 — — — — — 34,947 — Commercial 66,725 1 — — 1 1,545 68,271 — SBA 3,644 — 17 — 17 358 4,019 — HELOC 4,196 — — — — — 4,196 — Single family real estate 11,331 26 — — 26 — 11,357 — Consumer 71 — — — — — 71 — Total $ 739,249 $ 389 $ 51 $ — $ 440 $ 2,916 $ 742,605 $ — December 31, 2019 Current 30-59 Days Past Due 60-89 Days Past Due Over 90 Days Past Due Total Past Due Nonaccrual Total Recorded Investment Over 90 Days and Accruing (in thousands) Manufactured housing $ 256,251 $ 156 $ 246 $ — $ 402 $ 594 $ 257,247 $ — Commercial real estate: Commercial real estate 327,255 — — — — 84 327,339 — SBA 504 1st trust deed 17,151 1,401 — — 1,401 — 18,552 — Land 4,457 — — — — — 4,457 — Construction 35,294 — — — — — 35,294 — Commercial 68,224 — — — — 1,619 69,843 — SBA 3,935 112 — — 112 382 4,429 — HELOC 4,531 — — — — — 4,531 — Single family real estate 11,813 32 — — 32 — 11,845 — Consumer 94 — — — — — 94 — Total $ 729,005 $ 1,701 $ 246 $ — $ 1,947 $ 2,679 $ 733,631 $ — Allowance for Loan Losses While we have experienced fluctuations in credit quality indicators in recent periods, credit quality remained stable at March 31, 2020. However, the COVID-19 pandemic has led to the temporary closure of business throughout the communities in which we serve, which has led to increased unemployment. Therefore, we increased the economic factor in our ALL calculation during the quarter to account for inherent risk within the loan portfolio as of March 31, 2020. We continue to monitor the economic impact from COVID-19 as it relates to credit risk to ensure the ALL is appropriate. The following table summarizes the changes in the allowance for loan losses: Three Months Ended March 31, 2020 2019 (in thousands) Beginning balance $ 8,717 $ 8,691 Charge-offs — (17 ) Recoveries 58 31 Net recoveries 58 14 Provision (credit) 392 (57 ) Ending balance $ 9,167 $ 8,648 As of March 31, 2020 and December 31, 2019, the Company had reserves for credit losses on undisbursed loans of $76,000 and $85,000, respectively, which were included in other liabilities. The following tables summarize the changes in the allowance for loan losses by portfolio type: For the Three Months Ended March 31, Manufactured Housing Commercial Real Estate Commercial SBA HELOC Single Family Real Estate Consumer Total 2020 (in thousands) Beginning balance $ 2,184 $ 5,217 $ 1,162 $ 32 $ 27 $ 92 $ 3 $ 8,717 Charge-offs — — — — — — — — Recoveries 6 20 27 3 2 — — 58 Net recoveries 6 20 27 3 2 — — 58 Provision (credit) 174 247 (25 ) (6 ) (2 ) 4 — 392 Ending balance $ 2,364 $ 5,484 $ 1,164 $ 29 $ 27 $ 96 $ 3 $ 9,167 2019 Beginning balance $ 2,196 $ 5,028 $ 1,210 $ 79 $ 90 $ 88 $ — $ 8,691 Charge-offs — — (17 ) — — — — (17 ) Recoveries 6 — 19 5 1 — — 31 Net recoveries 6 — 2 5 1 — — 14 Provision (credit) (14 ) 30 7 (40 ) (43 ) 3 — (57 ) Ending balance $ 2,188 $ 5,058 $ 1,219 $ 44 $ 48 $ 91 $ — $ 8,648 The following tables present impairment method information related to loans and allowance for loan losses by loan portfolio segment: Manufactured Housing Commercial Real Estate Commercial SBA HELOC Single Family Real Estate Consumer Total Loans Loans Held for Investment as of March 31, 2020: (in thousands) Recorded Investment: Impaired loans with an allowance recorded $ 5,327 $ — $ — $ — $ — $ 465 $ — $ 5,792 Impaired loans with no allowance recorded 2,467 316 1,694 357 — 1,848 — 6,682 Total loans individually evaluated for impairment 7,794 316 1,694 357 — 2,313 — 12,474 Loans collectively evaluated for impairment 255,690 390,891 66,577 3,662 4,196 9,044 71 730,131 Total loans held for investment $ 263,484 $ 391,207 $ 68,271 $ 4,019 $ 4,196 $ 11,357 $ 71 $ 742,605 Unpaid Principal Balance Impaired loans with an allowance recorded $ 5,327 $ — $ — $ — $ — $ 465 $ — $ 5,792 Impaired loans with no allowance recorded 3,336 382 1,950 718 — 1,848 — 8,234 Total loans individually evaluated for impairment 8,663 382 1,950 718 — 2,313 — 14,026 Loans collectively evaluated for impairment 255,690 390,891 66,577 3,662 4,196 9,044 71 730,131 Total loans held for investment $ 264,353 $ 391,273 $ 68,527 $ 4,380 $ 4,196 $ 11,357 $ 71 $ 744,157 Related Allowance for Credit Losses Impaired loans with an allowance recorded $ 324 $ — $ — $ — $ — $ 17 $ — $ 341 Impaired loans with no allowance recorded — — — — — — — — Total loans individually evaluated for impairment 324 — — — — 17 — 341 Loans collectively evaluated for impairment 2,040 5,484 1,164 29 27 79 3 8,826 Total loans held for investment $ 2,364 $ 5,484 $ 1,164 $ 29 $ 27 $ 96 $ 3 $ 9,167 Manufactured Housing Commercial Real Estate Commercial SBA HELOC Single Family Real Estate Consumer Total Loans Loans Held for Investment as of December 31, 2019: (in thousands) Recorded Investment: Impaired loans with an allowance recorded $ 5,702 $ — $ — $ — $ — $ 470 $ — $ 6,172 Impaired loans with no allowance recorded 2,296 318 1,802 382 — 1,858 — 6,656 Total loans individually evaluated for impairment 7,998 318 1,802 382 — 2,328 — 12,828 Loans collectively evaluated for impairment 249,249 385,324 68,041 4,047 4,531 9,517 94 720,803 Total loans held for investment $ 257,247 $ 385,642 $ 69,843 $ 4,429 $ 4,531 $ 11,845 $ 94 $ 733,631 Unpaid Principal Balance Impaired loans with an allowance recorded $ 5,702 $ — $ — $ — $ — $ 470 $ — $ 6,172 Impaired loans with no allowance recorded 3,134 384 2,156 736 — 1,858 — 8,268 Total loans individually evaluated for impairment 8,836 384 2,156 736 — 2,328 — 14,440 Loans collectively evaluated for impairment 249,249 385,324 68,041 4,047 4,531 9,517 94 720,803 Total loans held for investment $ 258,085 $ 385,708 $ 70,197 $ 4,783 $ 4,531 $ 11,845 $ 94 $ 735,243 Related Allowance for Credit Losses Impaired loans with an allowance recorded $ 334 $ — $ — $ — $ — $ 18 $ — $ 352 Impaired loans with no allowance recorded — — — — — — — — Total loans individually evaluated for impairment 334 — — — — 18 — 352 Loans collectively evaluated for impairment 1,850 5,217 1,162 32 27 74 3 8,365 Total loans held for investment $ 2,184 $ 5,217 $ 1,162 $ 32 $ 27 $ 92 $ 3 $ 8,717 Included in impaired loans are $0.5 million and $0.6 million of loans guaranteed by government agencies at March 31, 2020 and December 31, 2019, respectively. A valuation allowance is established for an impaired loan when the fair value of the loan is less than the recorded investment. In certain cases, portions of impaired loans are charged-off to realizable value instead of establishing a valuation allowance and are included, when applicable in the table below as “Impaired loans without specific valuation allowance under ASC 310.” The valuation allowance disclosed above is included in the allowance for loan losses reported in the consolidated balance sheets as of March 31, 2020 and December 31, 2019. The table below reflects recorded investment in loans classified as impaired: March 31, December 31, (in thousands) Impaired loans with a specific valuation allowance under ASC 310 $ 5,792 $ 6,172 Impaired loans without a specific valuation allowance under ASC 310 6,682 6,656 Total impaired loans $ 12,474 $ 12,828 Valuation allowance related to impaired loans $ 341 $ 352 The following table summarizes impaired loans by class of loans: March 31, December 31, (in thousands) Manufactured housing $ 7,794 $ 7,998 Commercial real estate : Commercial real estate 84 84 SBA 504 1st trust deed 232 234 Land — — Construction — — Commercial 1,694 1,802 SBA 357 382 HELOC — — Single family real estate 2,313 2,328 Consumer — — Total $ 12,474 $ 12,828 The following tables summarize average investment in impaired loans by class of loans and the related interest income recognized: Three Months Ended March 31, 2020 2019 Average Investment in Impaired Loans Interest Income Average Investment in Impaired Loans Interest Income (in thousands) Manufactured housing $ 7,923 $ 135 $ 10,386 $ 166 Commercial real estate: Commercial real estate 84 — 98 — SBA 504 1st trust deed 234 4 239 4 Land — — — — Construction — — — — Commercial 1,754 2 7,573 43 SBA 371 — 790 — HELOC — — 193 5 Single family real estate 2,329 31 2,618 34 Consumer — — — — Total $ 12,695 $ 172 $ 21,897 $ 252 The Company is not committed to lend additional funds on these impaired loans. The following table reflects the recorded investment in certain types of loans at the periods indicated: March 31, December 31, (in thousands) Nonaccrual loans $ 2,916 $ 2,679 Government guaranteed portion of loans included above $ 272 $ 290 Troubled debt restructured loans, gross $ 10,451 $ 10,774 Loans 30 through 89 days past due with interest accruing $ 440 $ 1,947 Loans 90 days or more past due with interest accruing $ — $ — Allowance for loan losses to gross loans held for investment 1.23 % 1.19 % The accrual of interest is discontinued when substantial doubt exists as to collectability of the loan; generally at the time the loan is 90 days delinquent. Any unpaid but accrued interest is reversed at that time. Thereafter, interest income is no longer recognized on the loan. Interest income may be recognized on impaired loans to the extent they are not past due by 90 days. Interest on nonaccrual loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all of the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Foregone interest on nonaccrual and TDR loans for the and , was $ million. The following table presents the composition of nonaccrual loans by class of loans: March 31, December 31, (in thousands) Manufactured housing $ 929 $ 594 Commercial real estate: Commercial real estate 84 84 SBA 504 1st trust deed — — Land — — Construction — — Commercial 1,545 1,619 SBA 358 382 HELOC — — Single family real estate — — Consumer — — Total $ 2,916 $ 2,679 Included in nonaccrual loans are $0.3 million of loans guaranteed by government agencies at March 31, 2020 and $0.3 million at December 31, 2019. The guaranteed portion of each SBA loan is repurchased from investors when those loans become past due 120 days by either CWB or the SBA directly. After the foreclosure and collection process is complete, the principal balance of loans repurchased by CWB are reimbursed by the SBA. Although these balances do not earn interest during this period, they generally do not result in a loss of principal to CWB; therefore a repurchase reserve has not been established related to these loans. The Company utilizes an internal asset classification system as a means of reporting problem and potential problem loans. Under the Company’s risk rating system, the Company rates loans with potential problems as “Special Mention,” “Substandard,” “Doubtful” and “Loss”. For a detailed discussion on these risk classifications see “Note 1 Summary of Significant Accounting Policies - Allowance for Loan Losses and Provision for Loan Losses”. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or in the institution’s credit position at some future date. Special Mention assets are not adversely classified and do not expose an institution to sufficient risk to warrant adverse classification. Risk ratings are updated as part of our normal loan monitoring process, at a minimum, annually. The following tables present gross loans by risk rating: March 31, 2020 Pass Special Mention Substandard Doubtful Total (in thousands) Manufactured housing $ 262,356 $ — $ 1,128 $ — $ 263,484 Commercial real estate: Commercial real estate 326,383 1,926 1,639 — 329,948 SBA 504 1st trust deed 20,815 338 296 — 21,449 Land 4,862 — — — 4,862 Construction 32,856 — 2,091 — 34,947 Commercial 65,060 1,010 1,611 — 67,681 SBA 2,891 — 294 — 3,185 HELOC 4,196 — — — 4,196 Single family real estate 11,352 — 5 — 11,357 Consumer 71 — — — 71 Total, net 730,842 3,274 7,064 — 741,180 Government guarantee — — 1,425 — 1,425 Total $ 730,842 $ 3,274 $ 8,489 $ — $ 742,605 December 31, 2019 Pass Special Mention Substandard Doubtful Total (in thousands) Manufactured housing $ 256,430 $ — $ 817 $ — $ 257,247 Commercial real estate: Commercial real estate 323,748 3,507 84 — 327,339 SBA 504 1st trust deed 18,250 — 302 — 18,552 Land 4,457 — — — 4,457 Construction 33,280 — 2,014 — 35,294 Commercial 66,525 170 1,619 — 68,314 SBA 2,379 28 1,154 3,561 HELOC 4,531 — — — 4,531 Single family real estate 11,840 — 5 — 11,845 Consumer 94 — — — 94 Total, net 721,534 3,705 5,995 $ — 731,234 Government guarantee — 1,530 867 — 2,397 Total $ 721,534 $ 5,235 $ 6,862 $ — $ 733,631 Troubled Debt Restructured Loan (TDR) A TDR is a loan on which the bank, for reasons related to a borrower’s financial difficulties, grants a concession to the borrower that the bank would not otherwise consider. The loan terms that have been modified or restructured due to a borrower’s financial situation include, but are not limited to, a reduction in the stated interest rate, an extension of the maturity or renewal of the loan at an interest rate below current market, a reduction in the face amount of the debt, a reduction in the accrued interest, extensions, deferrals, renewals and rewrites. The majority of the bank’s modifications are extensions in terms or deferral of payments which result in no lost principal or interest followed by reductions in interest rates or accrued interest. A TDR is also considered impaired. Generally, a loan that is modified at an effective market rate of interest may no longer be disclosed as a troubled debt restructuring in years subsequent to the restructuring if it is not impaired based on the terms specified by the restructuring agreement. The following tables summarize the financial effects of TDR loans by loan class for the periods presented: For the Three Months Ended March 31, 2020 Number of Loans Pre- Modification Recorded Investment Post Modification Recorded Investment Balance of Loans with Rate Reduction Balance of Loans with Term Extension Effect on Allowance for Loan Losses (dollars in thousands) Manufactured housing 1 $ 56 $ 56 $ 56 $ 56 $ 1 Total 1 $ 56 $ 56 $ 56 $ 56 $ 1 For the Three Months Ended March 31, 2019 Number of Loans Pre- Modification Recorded Investment Post Modification Recorded Investment Balance of Loans with Rate Reduction Balance of Loans with Term Extension Effect on Allowance for Loan Losses (dollars in thousands) SBA 1 $ 48 $ 48 $ 48 $ — $ — Total 1 $ 48 $ 48 $ 48 $ — $ — There was one new TDR loan for the three months ended March 31, 2020 and 2019. The rate concession was 100 basis points for the three months ended March 31, 2020 and 200 basis points for the three months ended March 31, 2019. The term extension in months was 181 for the three months ended March 31, 2020 and the term extension was 47 for the three months ended March 31, 2019. A TDR loan is deemed to have a payment default when the borrower fails to make two consecutive payments or the collateral is transferred to repossessed assets. The Company had no TDR’s with payment defaults for the three months ended March 31, 2020 or 2019. At March 31, 2020 there were no material loan commitments outstanding on TDR loans. Guidance on Non-TDR Loan Modifications due to COVID-19 On March 22, 2020, a statement was issued by banking regulators and titled “Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working with Customers Affected by the Coronavirus” that encourages financial institutions to work prudently with borrowers who are or may be unable to meet their contractual payment obligations due to the effects of COVID-19. Additionally, Section 4013 of the Coronavirus Aid, Relief and Economic Security Act (CARES Act) that passed on March 27, 2020 further provides that a qualified loan modification is exempt by law from classification as a TDR as defined by GAAP, from the period beginning March 1, 2020 until the earlier of December 31, 2020 or the date that is 60 days after the date on which the national emergency concerning the COVID-19 outbreak declared by the President of the United States under the National Emergencies Act (50 U.S.C. 1601 et seq.) terminates. Accordingly, we are offering short-term modifications made in response to COVID-19 to borrowers who are current and otherwise not past due. These include short-term, 180 days or less, modifications in the form of payment deferrals, fee waivers, extension of repayment terms, or other delays in payment that are insignificant. The modifications completed in the three months ended March 31, 2020 were immaterial.

OTHER ASSETS ACQUIRED THROUGH F

OTHER ASSETS ACQUIRED THROUGH FORECLOSURE	3 Months Ended
	Mar. 31, 2020
OTHER ASSETS ACQUIRED THROUGH FORECLOSURE [Abstract]
OTHER ASSETS ACQUIRED THROUGH FORECLOSURE	5. OTHER ASSETS ACQUIRED THROUGH FORECLOSURE The following table summarizes the changes in other assets acquired through foreclosure: Three Months Ended March 31, 2020 2019 (in thousands) Balance, beginning of period $ 2,524 $ — Additions 106 — Proceeds from dispositions — — Gain (loss) on foreclosed assets, net 77 — Third-party portion of writedown/loss — — Balance, end of period $ 2,707 $ — Other assets acquired through foreclosure consist primarily of properties acquired as a result of, or in-lieu-of, foreclosure. Properties or other assets (primarily manufactured housing) are classified as other real estate owned and other repossessed assets and are reported at fair value at the time of foreclosure less estimated costs to sell. Costs relating to development or improvement of the assets are capitalized and costs related to holding the assets are charged to expense. The balance is primarily attributable to a single commercial agricultural relationship.

FAIR VALUE MEASUREMENT

FAIR VALUE MEASUREMENT	3 Months Ended
	Mar. 31, 2020
FAIR VALUE MEASUREMENT [Abstract]
FAIR VALUE MEASUREMENT	6. FAIR VALUE MEASUREMENT The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities. FASB ASC 820, Fair Value Measurements and Disclosures • Level 1— Observable quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. • Level 2— Observable quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, matrix pricing or model-based valuation techniques where all significant assumptions are observable, either directly or indirectly in the market. • Level 3— Model-based techniques where all significant assumptions are not observable, either directly or indirectly, in the market. These unobservable assumptions reflect management’s estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques may include use of discounted cash flow models and similar techniques. The availability of observable inputs varies based on the nature of the specific financial instrument. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised by the Company in determining fair value is greatest for instruments categorized in Level 3. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement in its entirety falls is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Fair value is a market-based measure considered from the perspective of a market participant who holds the asset or owes the liability rather than an entity-specific measure. When market assumptions are available, ASC 820 requires the Company to make assumptions regarding the assumptions that market participants would use to estimate the fair value of the financial instrument at the measurement date. FASB ASC 825, Financial Instruments Management uses its best judgment in estimating the fair value of the Company’s financial instruments; however, there are inherent limitations in any estimation technique. Therefore, for substantially all financial instruments, the fair value estimates presented herein are not necessarily indicative of the amounts the Company could have realized in a sales transaction at March 31, 2020 and December 31, 2019. The estimated fair value amounts for March 31, 2020 and December 31, 2019 have been measured as of period-end, and have not been reevaluated or updated for purposes of these consolidated financial statements subsequent to those dates. As such, the estimated fair values of these financial instruments subsequent to the reporting date may be different than the amounts reported at the period-end. This information should not be interpreted as an estimate of the fair value of the entire Company since a fair value calculation is only required for a limited portion of the Company’s assets and liabilities. Due to the wide range of valuation techniques and the degree of subjectivity used in making the estimate, comparisons between the Company’s disclosures and those of other companies or banks may not be meaningful. The following tables summarize the fair value of assets measured on a recurring basis: Fair Value Measurements at the End of the March 31, 2020 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Fair Value Assets: (in thousands) Investment securities measured at fair value $ 111 $ — $ — $ 111 Investment securities available-for-sale — 18,059 — 18,059 Interest only strips — — 38 38 Servicing assets — — 970 970 Total $ 111 $ 18,059 $ 1,008 $ 19,178 Fair Value Measurements at the End of the December 31, 2019 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Fair Value Assets: (in thousands) Investment securities measured at fair value $ 167 $ — $ — $ 167 Investment securities available-for-sale — 19,264 — 19,264 Interest only strips — — 41 41 Servicing assets — — 846 846 Total $ 167 $ 19,264 $ 887 $ 20,318 Market valuations of our investment securities which are classified as Level 2 are provided by an independent third party. The fair values are determined by using several sources for valuing fixed income securities. Their techniques include pricing models that vary based on the type of asset being valued and incorporate available trade, bid and other market information. In accordance with the fair value hierarchy, the market valuation sources include observable market inputs and are therefore considered Level 2 inputs for purposes of determining the fair values. On certain SBA loan sales, the Company retained interest only strip assets (“I/O strips”) which represent the present value of excess net cash flows generated by the difference between (a) interest at the stated rate paid by borrowers and (b) the sum of (i) pass-through interest paid to third-party investors and (ii) contractual servicing fees. I/O strips are classified as Level 3 in the fair value hierarchy. The fair value is determined on a quarterly basis through a discounted cash flow analysis prepared by an independent third party using industry prepayment speeds. I/O strip valuation adjustments are recorded as additions or offsets to loan servicing income. The Company had elected to use the amortizing method for the treatment of servicing assets and had measured for impairment on a quarterly basis through a discounted cash flow analysis prepared by an independent third party using industry prepayment speeds. In connection with the sale of certain SBA and USDA loans the Company recorded servicing assets and elected to measure those assets at fair value in accordance with ASC 825-10. Significant assumptions in the valuation of servicing assets include estimated loan repayment rates, the discount rate, and servicing costs, among others. Servicing assets are classified as Level 3 measurements due to the use of significant unobservable inputs, as well as significant management judgment and estimation. The Company also has assets that under certain conditions are subject to measurement at fair value on a non-recurring basis. These assets include loans held for sale, foreclosed real estate and repossessed assets and certain loans that are considered impaired per generally accepted accounting principles. The following summarizes the fair value measurements of assets measured on a non-recurring basis: Fair Value Measurements at the End of the Reporting Period Using: Total Quoted Prices in Active Markets for Identical Assets (Level 1) Active Markets for Similar Assets (Level 2) Unobservable Inputs (Level 3) (in thousands) March 31, 2020: Impaired loans $ 2,506 $ — $ 2,506 $ — Loans held for sale 42,942 — 42,942 — Foreclosed real estate and repossessed assets 2,707 — 2,707 — Total $ 48,155 $ — $ 48,155 $ — Fair Value Measurements at the End of the Reporting Period Using: Total Quoted Prices in Active Markets for Identical Assets (Level 1) Active Markets for Similar Assets (Level 2) Unobservable Inputs (Level 3) (in thousands) December 31, 2019: Impaired loans $ 2,334 $ — $ 2,334 $ — Loans held for sale 42,900 — 42,900 — Foreclosed real estate and repossessed assets 2,524 — 2,524 — Total $ 47,758 $ — $ 47,758 $ — The Company records certain loans at fair value on a non-recurring basis. When a loan is considered impaired an allowance for a loan loss is established. The fair value measurement and disclosure requirement applies to loans measured for impairment using the practical expedients method permitted by accounting guidance for impaired loans. Impaired loans are measured at an observable market price, if available or at the fair value of the loan’s collateral, if the loan is collateral dependent. The fair value of the loan’s collateral is determined by appraisals or independent valuation. When the fair value of the loan’s collateral is based on an observable market price or current appraised value, given the current real estate markets, the appraisals may contain a wide range of values and accordingly, the Company classifies the fair value of the impaired loans as a non-recurring valuation within Level 2 of the valuation hierarchy. For loans in which impairment is determined based on the net present value of cash flows, the Company classifies these as a non-recurring valuation within Level 3 of the valuation hierarchy. Foreclosed real estate and repossessed assets are carried at the lower of book value or fair value less estimated costs to sell. Fair value is based upon independent market prices obtained from certified appraisers or the current listing price, if lower. When the fair value of the collateral is based on a current appraised value, the Company reports the fair value of the foreclosed collateral as non-recurring Level 2. When a current appraised value is not available or if management determines the fair value of the collateral is further impaired, the Company reports the foreclosed collateral as non-recurring Level 3. FAIR VALUES OF FINANCIAL INSTRUMENTS The estimated fair values of financial instruments have been determined by the Company using available market information and appropriate valuation methodologies. However, considerable judgment is required to interpret market data to develop estimates of fair value. Accordingly, the estimates presented herein are not necessarily indicative of the amounts the Company could realize in a current market exchange. The use of different market assumptions and/or estimation methodologies may have a material effect on the estimated fair value amounts. The estimated fair value of the Company’s financial instruments are as follows: March 31, 2020 Carrying Fair Value Amount Level 1 Level 2 Level 3 Total Financial assets: (in thousands) Cash and cash equivalents $ 89,665 $ 89,665 $ — $ — $ 89,665 FRB and FHLB stock 4,343 — 4,343 — 4,343 Investment securities 23,909 111 24,078 — 24,189 Loans, net 772,829 — 767,822 9,395 777,217 Financial liabilities: Deposits 711,599 — 752,858 — 752,858 Other borrowings 115,000 — 105,674 — 105,674 December 31, 2019 Carrying Fair Value Amount Level 1 Level 2 Level 3 Total Financial assets: (in thousands) Cash and cash equivalents $ 82,661 $ 82,661 $ — $ — $ 82,661 FRB and FHLB stock 4,087 — 4,087 — 4,087 Investment securities 25,563 167 25,399 — 25,566 Loans, net 766,846 — 752,287 9,907 762,194 Financial liabilities: Deposits 750,934 — 751,398 — 751,398 Other borrowings 65,000 — 65,236 — 65,236 The following methods and assumptions were used by the Company in estimating the fair value of its financial instruments: Cash and cash equivalents The carrying amounts reported in the consolidated balance sheets for cash and due from banks approximate their fair value. Investment securities The fair value of Farmer Mac class A stock is based on quoted market prices and are categorized as Level 1 of the fair value hierarchy. The fair value of other investment securities were determined based on matrix pricing. Matrix pricing is a mathematical technique that utilizes observable market inputs including, for example, yield curves, credit ratings and prepayment speeds. Fair values determined using matrix pricing are generally categorized as Level 2 in the fair value hierarchy. Federal Reserve Stock and Federal Home Loan Bank Stock CWB is a member of the FHLB system and maintains an investment in capital stock of the FHLB. CWB also maintains an investment in capital stock of the Federal Reserve Bank (“FRB”). These investments are carried at cost since no ready market exists for them, and they have no quoted market value. The Company conducts a periodic review and evaluation of our FHLB stock to determine if any impairment exists. The fair values have been categorized as Level 2 in the fair value hierarchy. Loans Held for Sale Loans held for sale are carried at the lower of cost or fair value. The fair value of loans held for sale is based on what secondary markets are currently offering for portfolios with similar characteristics or based on the agreed-upon sale price. As such, the Company classifies the fair value of loans held for sale as a non-recurring valuation within Level 2 of the fair value hierarchy. At March 31, 2020 and December 31, 2019, the Company had loans held for sale with an aggregate carrying value of $39.5 million and $42.0 million respectively. Loans Fair value of loans is estimated by calculating loan level fair values for all loans utilizing a discounted cash flow methodology incorporating “exit pricing” analytics in conformance with ASU 2016-01. All active loans were valued in the portfolio as of date of exercise, excluding any loans held for sale, and utilized assumptions such as probability of default, loss given default, recovery delay and prepayment assumptions. Fair value was calculated in accordance with ASC 820. The fair value for loans is categorized as Level 2 in the fair value hierarchy. Fair values of impaired loans using a discounted cash flow method to measure impairment have been categorized as Level 3. Deposits The amount payable at demand at report date is used to estimate the fair value of demand and savings deposits. The estimated fair values of fixed-rate time deposits are determined by discounting the cash flows of segments of deposits that have similar maturities and rates, utilizing a discount rate that approximates the prevailing rates offered to depositors as of the measurement date. The fair value measurement of deposit liabilities is categorized as Level 2 in the fair value hierarchy. Federal Home Loan Bank advances and other borrowings The fair values of the Company’s borrowings are estimated using discounted cash flow analyses, based on the market rates for similar types of borrowing arrangements. The FHLB advances have been categorized as Level 2 in the fair value hierarchy. Off-balance sheet instruments Fair values for the Company’s off-balance sheet instruments (lending commitments and standby letters of credit) are based on quoted fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the counterparties’ credit standing. There were $0.6 million standby letters of credit outstanding at March 31, 2020 and zero at December 31, 2019. Unfunded loan commitments at March 31, 2020 and December 31, 2019 were $59.8 million and $57.5 million, respectively.

OTHER BORROWINGS

OTHER BORROWINGS	3 Months Ended
	Mar. 31, 2020
OTHER BORROWINGS [Abstract]
OTHER BORROWINGS	7. OTHER BORROWINGS Federal Home Loan Bank Advances – Federal Reserve Bank – Federal Funds Purchased Lines – Line of Credit

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	3 Months Ended
	Mar. 31, 2020
STOCKHOLDERS' EQUITY [Abstract]
STOCKHOLDERS' EQUITY	8. STOCKHOLDERS’ EQUITY The following table summarizes the changes in other comprehensive income (loss) by component, net of tax for the period indicated: Three Months Ended March 31, 2020 2019 Unrealized holding gains (losses) on AFS (in thousands) Beginning balance $ (78 ) $ (141 ) Other comprehensive income before reclassifications (34 ) 7 Amounts reclassified from accumulated other comprehensive income — — Net current-period other comprehensive income (34 ) 7 Ending Balance $ (112 ) $ (134 ) Common Stock On February 28, 2019, the Board of Directors increased the common stock repurchase program to $4.5 million and extended the repurchase program until August 31, 2021. Under this program the Company has repurchased 350,189 common stock shares for $3.0 million at an average price of $8.71 per share. There were no common stock shares repurchased under this program during the three months ended March 31, 2020. During the three months ended March 31, 2020 and 2019, the Company paid common stock dividends of $0.5 million.

CAPITAL REQUIREMENT

CAPITAL REQUIREMENT	3 Months Ended
	Mar. 31, 2020
CAPITAL REQUIREMENT [Abstract]
CAPITAL REQUIREMENT	9. CAPITAL REQUIREMENT The Federal Reserve has adopted capital adequacy guidelines that are used to assess the adequacy of capital in supervising a bank holding company. In July 2013, the federal banking agencies approved the final rules (“Final Rules”) to establish a new comprehensive regulatory capital framework with a phase-in period beginning January 1, 2015 and ending January 1, 2019. The Final Rules implement the third installment of the Basel Accords (“Basel III”) regulatory capital reforms and changes required by the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”) and substantially amend the regulatory risk-based capital rules applicable to the Company. Basel III redefines the regulatory capital elements and minimum capital ratios, introduces regulatory capital buffers above those minimums, revises rules for calculating risk-weighted assets and adds a new component of Tier 1 capital called Common Equity Tier 1, which includes common equity and retained earnings and excludes preferred equity. In November 2019, the federal banking agencies jointly issued a final rule which provides for an additional optional, simplified measure of capital adequacy, the community bank leverage ratio framework. The final rule was effective January 1, 2020. Under this framework the bank would choose the option of using the community bank leverage ratio (CBLR). In order to qualify, a community banking organization is defined as having less than $10 billion in total consolidated assets, a leverage ratio greater than 9%, off-balance sheet exposures of 25% or less of total consolidated assets, and trading assets and liabilities of 5% or less of total consolidated assets. A CBLR bank may opt out of the framework at any time, without restriction, by reverting to the generally applicable risk-based capital rules. The Company chose the CBLR option for calculation of its capital ratio in the first quarter of 2020. The following tables illustrates the Bank’s regulatory ratios and the Federal Reserve’s current adequacy guidelines as of March 31, 2020 and December 31, 2019. The Federal Reserve’s fully phased-in guidelines applicable in 2019 are also summarized. Total Capital (To Risk- Weighted Assets) Tier 1 Capital (To Risk- Weighted Assets) Common Equity Tier 1 (To Risk- Weighted Assets) Leverage Ratio/Tier 1 Capital (To Average Assets) Community Banking Leverage Ratio March 31, 2020 CWB’s actual regulatory ratios 11.60 % 10.42 % 10.42 % 9.21 % 9.21 % Minimum capital requirements 8.00 % 6.00 % 4.50 % 4.00 % 8.00 % Well-capitalized requirements 10.00 % 8.00 % 6.50 % N/A 9.00 % Minimum capital requirements including fully-phased in capital conservation buffer 10.50 % 8.50 % 7.00 % N/A N/A Total Capital (To Risk- Weighted Assets) Tier 1 Capital (To Risk- Weighted Assets) Common Equity Tier 1 (To Risk- Weighted Assets) Leverage Ratio/Tier 1 Capital (To Average Assets) December 31, 2019 CWB’s actual regulatory ratios 11.41 % 10.28 % 10.28 % 9.06 % Minimum capital requirements 8.00 % 6.00 % 4.50 % 4.00 % Well-capitalized requirements 10.00 % 8.00 % 6.50 % N/A Minimum capital requirements including fully-phased in capital conservation buffer 10.50 % 8.50 % 7.00 % N/A There are no conditions or events since March 31, 2020 that management believes have changed the Company’s or the Bank’s risk-based capital category.

REVENUE RECOGNITION

REVENUE RECOGNITION	3 Months Ended
	Mar. 31, 2020
REVENUE RECOGNITION [Abstract]
REVENUE RECOGNITION	10. REVENUE RECOGNITION The Company adopted ASU No, 2014-09 “Revenue from Contracts with Customers” (Topic 606) and all subsequent ASUs that modified Topic 606 on January 1, 2018. Topic 606 does not apply to revenue associated with financial instruments, including revenue from loans and securities. In addition, certain non-interest income streams such as servicing rights, financial guarantees and certain credit card fees are also not in scope of the new guidance. Topic 606 is applicable to non-interest income streams such as deposit related fees, interchange fees and merchant income. However the recognition of these income streams did not change upon the adoption of Topic 606. Substantially all of the Company’s revenue is generated from contracts with customers. Non-interest revenue streams in-scope of Topic 606 are discussed below. Service Charges on Deposit Accounts Service charges on deposit accounts consist of monthly service fees, check orders, account analysis fees, and other deposit account related fees. The Company’s performance obligation for monthly service fees and account analysis fees is generally satisfied, and the related income recognized, over the period in which the service is provided. Check orders and other deposit related fees are largely transactional based and, therefore, the Company’s performance obligation is satisfied and related income recognized, at a point in time. Payment for service charges on deposit accounts is primarily received immediately or in the following month through a direct charge to customers’ accounts. Exchange Fees and Other Service Charges Exchange fees and other service charges are primarily comprised of debit and credit card income, merchant services income, ATM fees and other service charges. Debit and credit card income is primarily comprised of interchange fees earned whenever the Company’s debit and credit cards are processed through card payment networks such as Visa or MasterCard. Merchant services income is primarily fees charged to merchants to process their debit and credit card transactions. ATM fees are primarily generated when a Company cardholder uses a non-Company ATM or a non-Company cardholder uses a Company ATM. Other service charges include fees from processing wire transfers, cashier’s checks and other services. The Company’s performance obligation for exchange and other service charges are largely satisfied, and related revenue recognized, when the services are rendered or upon completion. Payment is typically received immediately or in the following month. The following table presents non-interest income, segregated by revenue streams in-scope and out-of-scope of Topic 606, for periods indicated. Non-interest income Three Months Ended March 31, 2020 2019 In-scope of Topic 606: (in thousands) Service charges on deposit accounts $ 120 $ 125 Exchange fees and other service charges 40 35 Non-interest income (in-scope of Topic 606) 160 160 Non-interest income (out-of-scope of Topic 606) 790 444 Total $ 950 $ 604 Contract Balances A contract asset balance occurs when an entity performs a service for a customer before the customer pays consideration (resulting in a contract receivable) or before payment is due (resulting in a contract asset). A contract liability balance is an entity’s obligation to transfer a service to a customer for which the entity has already received payment (or payment is due) from the customer. The Company’s non-interest income streams are largely based on transactional activity. Consideration is often received immediately or shortly after the Company satisfies its performance obligation and income is recognized. The Company does not typically enter into long-term revenue contracts with customers, and therefore, does not experience significant contract balances. As of March 31, 2020 and December 31, 2019, the Company did not have any signficant contract balances. Contract Acquisition Costs In connection with the adoption of Topic 606, an entity is required to capitalize, and subsequently amortize into expense, certain incremental costs of obtaining a contract with a customer if these costs are expected to be recovered. The incremental costs of obtaining a contract are those costs that an entity incurs to obtain a contract with a customer that it would not have incurred if the contract had not been obtained. The Company utilizes the practical expedient which allows entities to immediately expense contract acquisition costs when the asset that would have resulted from capitalizing these costs would have been amortized in one year or less. Upon adoption of Topic 606, the Company did not capitalize any contract acquisition cost.

LEASES

LEASES	3 Months Ended
	Mar. 31, 2020
LEASES [Abstract]
LEASES	11. LEASES As described in Note 1 – Summary of Significant Accounting Policies – Recent Accounting Pronouncements, effective January 1, 2019, we adopted Topic 842. We have operating leases for office space. Our office leases are typically for terms of between 2 and 10 years. Rents usually increase annually in accordance with defined rent steps or based on current year consumer price index adjustments. When renewal options exist, we generally do not deem them to be reasonably certain to be exercised, and therefore the amounts are not recognized as part of our lease liability nor our right-of-use asset. As part of the adoption, we elected the package of practical expedients permitted under the transition guidance, but not the hindsight practical expedient. As of March 31, 2020, the balance of the right-of-use assets was $6.1 million and the lease liabilities were $6.1 million. The right-of-use assets are included in other assets and the lease liabilities are included in other liabilities in the accompanying Consolidated Balance Sheets. Three Months Ended March 31, 2020 2019 Lease cost: (in thousands) Operating lease cost 277 303 Sublease income — — Total lease cost 277 303 Other information Cash paid for amounts included in the measurement of lease liabilities — — Operating cash flows from operating leases 274 293 Weighted average remaining lease term - operating leases 9.52 Years 10.63 years Weighted average discount rate - operating leases 3.24 % 3.25 % Future minimum operating lease payments: March 31, 2020 2019 (in thousands) 2019 $ — $ 881 2020 741 1,104 2021 884 975 2022 779 873 2023 705 802 2024 713 813 Thereafter 3,291 4,227 Total future minimum lease payments $ 7,113 $ 9,675 Less remaining imputed interest 1,021 1,552 Total lease liabilities $ 6,092 $ 8,123

RISKS AND UNCERTAINTIES

RISKS AND UNCERTAINTIES	3 Months Ended
	Mar. 31, 2020
RISKS AND UNCERTAINTIES [Abstract]
RISKS AND UNCERTAINTIES	12. RISKS AND UNCERTAINTIES On March 11, 2020, the World Health Organization declared the outbreak of COVID-19 as a global pandemic, which continues to spread throughout the United States and around the world. The COVID-19 pandemic has adversely affected, and may continue to adversely affect economic activity globally, nationally and locally. Actions taken around the world to help mitigate the spread of COVID-19 include restrictions on travel, quarantines in certain areas, and forced closures for certain types of public places and businesses. COVID-19 and actions taken to mitigate the spread of it have had and are expected to continue to have an adverse impact on the economies and financial markets of many countries, including the geographical area in which the Company operates. Due to the COVID-19 pandemic, market interest rates have declined significantly, with the 10-year Treasury bond falling below 1.00 percent on March 3, 2020 for the first time. Such events also may adversely affect business and consumer confidence, generally, and the Company and its customers, and their respective suppliers, vendors and processors, may be adversely affected. On March 3, 2020, the Federal Open Market Committee reduced the targeted federal funds interest rate range by 50 basis points to 1.00 percent to 1.25 percent. This range was further reduced to 0 percent to 0.25 percent on March 16, 2020. On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Nature of Operations	Nature of Operations Community West Bancshares (“CWBC”), incorporated under the laws of the state of California, is a bank holding company providing full service banking through its wholly-owned subsidiary Community West Bank, N.A. (“CWB” or the “Bank”). Unless indicated otherwise or unless the context suggests otherwise, these entities are referred to herein collectively and on a consolidated basis as the “Company.”
Basis of Presentation	Basis of Presentation The accounting and reporting policies of the Company are in accordance with accounting principles generally accepted in the United States (“GAAP”) and conform to practices within the financial services industry. The accounts of the Company and its consolidated subsidiary are included in these Consolidated Financial Statements. All significant intercompany balances and transactions have been eliminated.
Use of Estimates	Use of Estimates 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 disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant changes in the near term relate to the determination of the allowance for loan losses and the fair value of securities available for sale. Although Management believes these estimates to be reasonably accurate, actual amounts may differ. In the opinion of Management, all necessary adjustments have been reflected in the financial statements during their preparation.
Interim Financial Information	Interim Financial Information The accompanying unaudited consolidated financial statements as of March 31, 2020 and 2019, and for the three months, have been prepared in a condensed format, and therefore do not include all of the information and footnotes required by GAAP for complete financial statements. These statements have been prepared on a basis that is substantially consistent with the accounting principles applied to our audited consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2019. The information furnished in these interim statements reflects all adjustments which are, in the opinion of management, necessary for a fair statement of the results for each respective period presented. Such adjustments are of a normal recurring nature. The results of operations in the interim statements are not necessarily indicative of the results that may be expected for any other quarter or for the full year. The interim financial information should be read in conjunction with the Company’s audited consolidated financial statements.
Reclassifications	Reclassifications Certain amounts in the consolidated financial statements as of December 31, 2019 and for the three months ended March 31, 2019 have been reclassified to conform to the current presentation. The reclassifications have no effect on net income, comprehensive income or stockholders’ equity as previously reported.
Loans Held For Sale	Loans Held For Sale Loans which are originated and intended for sale in the secondary market are carried at the lower of cost or estimated fair value determined on an aggregate basis. Valuation adjustments, if any, are recognized through a valuation allowance by charges to lower of cost or fair value provision. Loans held for sale are mostly comprised of commercial agriculture and Small Business Association (“SBA”). The Company did not incur any lower of cost or fair value provision in the three months ended March 31, 2020 and 2019.
Loans Held for Investment and Interest and Fees from Loans	Loans Held for Investment and Interest and Fees from Loans Loans are recognized at the principal amount outstanding, net of unearned income, loan participations and amounts charged off. Unearned income includes deferred loan origination fees reduced by loan origination costs. Unearned income on loans is amortized to interest income over the life of the related loan using the level yield method. Interest income on loans is accrued daily using the effective interest method and recognized over the terms of the loans. Loan fees collected for the origination of loans less direct loan origination costs (net deferred loan fees) are amortized over the contractual life of the loan through interest income. If the loan has scheduled payments, the amortization of the net deferred loan fee is calculated using the interest method over the contractual life of the loan. If the loan does not have scheduled payments, such as a line of credit, the net deferred loan fee is recognized as interest income on a straight-line basis over the contractual life of the loan commitment. Commitment fees based on a percentage of a customer’s unused line of credit and fees related to standby letters of credit are recognized over the commitment period. When loans are repaid, any remaining unamortized balances of unearned fees, deferred fees and costs and premiums and discounts paid on purchased loans are accounted for through interest income. Nonaccrual loans: For all loan types, when a loan is placed on nonaccrual status, all interest accrued but uncollected is reversed against interest income in the period in which the status is changed. Subsequent payments received from the customer are applied to principal and no further interest income is recognized until the principal has been paid in full or until circumstances have changed such that payments are again consistently received as contractually required. The Company occasionally recognizes income on a cash basis for non-accrual loans in which the collection of the remaining principal balance is not in doubt. Impaired loans: Troubled debt restructured loan (“TDR”): Guidance on Non-TDR Loan Modifications due to COVID-19 On March 22, 2020, a statement was issued by banking regulators and titled “Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working with Customers Affected by the Coronavirus” that encourages financial institutions to work prudently with borrowers who are or may be unable to meet their contractual payment obligations due to the effects of COVID-19. Additionally, Section 4013 of the Coronavirus Aid, Relief and Economic Security Act (Cares Act) that passed on March 27, 2020 further provides that a qualified loan modification is exempt by law from classification as a TDR as defined by GAAP, from the period beginning March 1, 2020 until the earlier of December 31, 2020 or the date that is 60 days after the date on which the national emergency concerning the COVID-19 outbreak declared by the President of the United States under the National Emergencies Act (50 U.S.C. 1601 et seq.) terminates. Accordingly, we are offering short-term modifications made in response to COVID-19 to borrowers who are current and otherwise not past due. These include short-term, 180 days or less, modifications in the form of payment deferrals, fee waivers, extension of repayment terms, or other delays in payment that are insignificant. The modifications completed in the three months ended March 31, 2020 were immaterial.
Allowance for Loan Losses and Provision for Loan Losses	Allowance for Loan Losses and Provision for Loan Losses The Company maintains a detailed, systematic analysis and procedural discipline to determine the amount of the allowance for loan losses (“ALL”). The ALL is based on estimates and is intended to be appropriate to provide for probable losses inherent in the loan portfolio. This process involves deriving probable loss estimates that are based on migration analysis and historical loss rates, in addition to qualitative factors that are based on management’s judgment. The migration analysis and historical loss rate calculations are based on the annualized loss rates and the Company extended its time horizon for the ALL methodology in 2019. Migration analysis is utilized for the Commercial Real Estate (“CRE”), Commercial, Commercial Agriculture, Small Business Administration (“SBA”), Home Equity Line of Credit (“HELOC”), Single Family Residential, and Consumer portfolios. The historical loss rate method is utilized primarily for the Manufactured Housing portfolio. The migration analysis takes into account the risk rating of loans that are charged off in each loan category. Loans that are considered Doubtful are typically charged off. The following is a description of the characteristics of loan ratings. Loan ratings are reviewed as part of our normal loan monitoring process, but, at a minimum, updated on an annual basis. Substantially Risk Free – These borrowers have virtually no of default or loss given default and present no identifiable or potential adverse risk to the Company. Documented repayment is either backed by the full faith and credit of the United States Government, or secured by cash collateral of the principal borrowed. The collateral must be in the possession of the Company and free from potential claim. In addition, these credits will conform in all aspects to established loan policies and procedures, laws, rules, and regulations. Nominal Risk – Pass/Management Attention Risk Special Mention - Substandard - Doubtful - Loss - The Company’s ALL is maintained at a level believed appropriate by management to absorb known and inherent probable losses on existing loans. The allowance is charged for losses when management believes that full recovery on the loan is unlikely. The following is the Company’s policy regarding charging off loans. Commercial, CRE and SBA Loans Charge-offs on these loan categories are taken as soon as all or a portion of any loan balance is deemed to be uncollectible. A loan is considered impaired when, based on current information, it is probable that the Company will be unable to collect the scheduled payments of principal and/or interest under the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and/or interest payments. Loans that experience insignificant payment delays or payment shortfalls generally are not classified as impaired. Generally, loan balances are charged-down to the fair value of the collateral, if, based on a current assessment of the value, an apparent deficiency exists. In the event there is no perceived equity, the loan is charged-off in full. Unsecured loans which are delinquent over 90 days are, without clear support, also charged-off in full. Single Family Real Estate, HELOC’s and Manufactured Housing Loans Consumer loans and residential mortgages secured by one-to-four family residential properties, HELOC and manufactured housing loans in which principal or interest is due and unpaid for 90 days, are evaluated for impairment. Loan balances are charged-off to the fair value of the property, less estimated selling costs, if, based on a current appraisal, an apparent deficiency exists. In the event there is no perceived equity, the loan is generally fully charged-off. Consumer Loans All consumer loans (excluding real estate mortgages, HELOCs and cash secured loans) are charged-off or charged-down to net recoverable value before becoming 120 days or five payments delinquent. The ALL calculation for the different loan portfolios is as follows: • Commercial Real Estate, Commercial, Commercial Agriculture, SBA, HELOC, Single Family Residential, and Consumer – Migration analysis combined with risk rating is used to determine the required ALL for all non-impaired loans. In addition, the migration results are adjusted based upon qualitative factors that affect the specific portfolio category. Reserves on impaired loans are determined based upon the individual characteristics of the loan. • Manufactured Housing – The ALL is calculated on the basis of loss history and risk rating, which is primarily a function of delinquency. In addition, the loss results are adjusted based upon qualitative factors that affect this specific portfolio. The Company evaluates and individually assesses for impairment loans classified as substandard or doubtful in addition to loans either on nonaccrual, considered a TDR or when other conditions exist which lead management to review for possible impairment. Measurement of impairment on impaired loans is determined on a loan-by-loan basis and in total establishes a specific reserve for impaired loans. The amount of impairment is determined by comparing the recorded investment in each loan with its value measured by one of three methods: • The expected future cash flows are estimated and then discounted at the effective interest rate. • The value of the underlying collateral net of selling costs. Selling costs are estimated based on industry standards, the Company’s actual experience or actual costs incurred as appropriate. When evaluating real estate collateral, the Company typically uses appraisals or valuations, no more than twelve months old at time of evaluation. When evaluating non-real estate collateral securing the loan, the Company will use audited financial statements or appraisals no more than twelve months old at time of evaluation. Additionally, for both real estate and non-real estate collateral, the Company may use other sources to determine value as deemed appropriate. • The loan’s observable market price. Interest income is not recognized on impaired loans except for limited circumstances in which a loan, although impaired, continues to perform in accordance with the loan contract and the borrower provides financial information to support maintaining the loan on accrual. The Company determines the appropriate ALL on a monthly basis. Any differences between estimated and actual observed losses from the prior month are reflected in the current period in determining the appropriate ALL determination and adjusted as deemed necessary. The review of the appropriateness of the allowance takes into consideration such factors as concentrations of credit, changes in the growth, size and composition of the loan portfolio, overall and individual portfolio quality, review of specific problem loans, collateral, guarantees and economic and environmental conditions that may affect the borrowers’ ability to pay and/or the value of the underlying collateral. Additional factors considered include: geographic location of borrowers, changes in the Company’s product-specific credit policy and lending staff experience. These estimates depend on the outcome of future events and, therefore, contain inherent uncertainties. Another component of the ALL considers qualitative factors related to non-impaired loans. The qualitative portion of the allowance on each of the loan pools is based on changes in any of the following factors: • Concentrations of credit • Trends in volume, maturity, and composition of loans • Volume and trend in delinquency, nonaccrual, and classified assets • Economic conditions • Geographic distance • Policy and procedures or underwriting standards • Staff experience and ability • Value of underlying collateral • Competition, legal, or regulatory environment • Results of outside exams and quality of loan review and Board oversight
Off Balance Sheet and Credit Exposure	Off Balance Sheet and Credit Exposure In the ordinary course of business, the Company has entered into off-balance sheet financial instruments consisting of commitments to extend credit and standby letters of credit. Such financial instruments are recorded in the consolidated financial statements when they are funded. They involve, to varying degrees, elements of credit risk in excess of amounts recognized in the consolidated balance sheets. Losses would be experienced when the Company is contractually obligated to make a payment under these instruments and must seek repayment from the borrower, which may not be as financially sound in the current period as they were when the commitment was originally made. Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. The Company enters into credit arrangements that generally provide for the termination of advances in the event of a covenant violation or other event of default. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Company evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Company upon extension of credit, is based on management’s credit evaluation of the party. The commitments are collateralized by the same types of assets used as loan collateral. As with outstanding loans, the Company applies qualitative factors to its off-balance sheet obligations in determining an estimate of losses inherent in these contractual obligations. The estimate for loan losses on off-balance sheet instruments is included within other liabilities and the charge to income that establishes this liability is included in non-interest expense.
Foreclosed Real Estate and Repossessed Assets	Foreclosed Real Estate and Repossessed Assets Foreclosed real estate and other repossessed assets are recorded at fair value at the time of foreclosure less estimated costs to sell. Any excess of loan balance over the fair value less estimated costs to sell of the other assets is charged-off against the allowance for loan losses. Any excess of the fair value less estimated costs to sell over the loan balance is recorded as a loan loss recovery to the extent of the loan loss previously charged-off against the allowance for loan losses; and, if greater, recorded as a gain on foreclosed assets. Subsequent to the legal ownership date, the Company periodically performs a new valuation and the asset is carried at the lower of carrying amount or fair value less estimated costs to sell. Operating expenses or income, and gains or losses on disposition of such properties, are recorded in current operations.
Income Taxes	Income Taxes The Company uses the asset and liability method, which recognizes an asset or liability representing the tax effects of future deductible or taxable amounts that have been recognized in the consolidated financial statements. Due to tax regulations, certain items of income and expense are recognized in different periods for tax return purposes than for financial statement reporting. These items represent “temporary differences.” Deferred income taxes are recognized for the tax effect of temporary differences between the tax basis of assets and liabilities and their financial reporting amounts at each period end based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. A valuation allowance is established for deferred tax assets if, based on the weight of available evidence, it is more likely than not that some portion or all of the deferred tax assets may not be realized. Any interest or penalties assessed by the taxing authorities is classified in the financial statements as income tax expense. Deferred tax assets are included in other assets on the consolidated balance sheets. Management evaluates the Company’s deferred tax asset for recoverability using a consistent approach which considers the relative impact of negative and positive evidence, including the Company’s historical profitability and projections of future taxable income. The Company is required to establish a valuation allowance for deferred tax assets and record a charge to income if management determines, based on available evidence at the time the determination is made, that it is more likely than not that some portion or all of the deferred tax assets may not be realized. The Company is subject to the provisions of ASC 740, Income Taxes
Earnings Per Share	Earnings Per Share Basic earnings per common share is computed using the weighted average number of common shares outstanding for the period divided into the net income. Diluted earnings per share include the effect of all dilutive potential common shares for the period. Potentially dilutive common shares include stock options.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Effective January 1, 2019, we adopted Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) 2016-02, Leases (Topic 842). This update amends the accounting requirements for leases by requiring recognition of lease liabilities and related right-of-use assets on the balance sheet. Lessees are required to recognize a lease liability measured on a discounted basis, which is the lessee’s right to use, or control the use of, a specified asset for the lease term. We adopted Topic 842 using the modified retrospective approach. We have recorded the cumulative effects on our balance sheet as of the effective date. As a result of the adoption, there was no impact on net income. We recorded operating lease right-of-use assets of $8.4 million and lease liabilities of $8.4 million upon adoption. As of March 31, 2020, the operating lease right-of-use assets was $6.1 million and lease liabilities of $6.1 million. As part of the adoption, we elected the package of practical expedients permitted under the transition guidance within Topic 842, which among other things, allowed us to carry forward the historical lease classifications. Leases with a term of 12 months or less are not recorded on the balance sheet. See Note 11, Leases for further information. In June of 2016, the FASB issued updated guidance codified within ASU-2016-13, “Financial Instruments – Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments,” which amends the guidance for recognizing credit losses from an “incurred loss” methodology that delays recognition of credit losses until it is probable a loss has been incurred to an expected credit loss methodology. The guidance requires the use of the modified retrospective transition method by means of a cumulative-effect adjustment to equity as of the beginning of the period in which the guidance is adopted. The standard is effective for the Company as of January 1, 2023. The Company is currently evaluating the impact of the amended guidance and has not yet determined the effect of the standard on its ongoing financial reporting. In March 2017, the FASB issued updated guidance codified within ASU-2017-08, “Receivables – Nonrefundable Fees and Other Costs (Subtopic 310-20),” which is intended to enhance the accounting for the amortization of premiums for purchased callable debt securities. The Company adopted this guidance as of January 1, 2019, which did not have a material impact on the Company’s Consolidated Financial Statements. In March 2020, the FASB issued updated guidance codified within ASU-2020-04, “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting,” which provide optional guidance for a limited period of time to ease the potential burden in accounting for (or recognizing the effects of) reference rate reform on financial reporting. In response to the risk of cessation of the London Interbank Offered Rate (“LIBOR”), The Company is currently evaluating the impact of the amended guidance and has not yet determined the effect of the standard on its ongoing financial reporting.

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	3 Months Ended
	Mar. 31, 2020
INVESTMENT SECURITIES [Abstract]
Amortized Cost and Estimated Fair Value of Investment Securities	The amortized cost and estimated fair value of investment securities are as follows: March 31, 2020 Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value Securities available-for-sale (in thousands) U.S. government agency notes $ 7,513 $ — $ (51 ) $ 7,462 U.S. government agency collateralized mortgage obligations (“CMO”) 10,713 27 (143 ) 10,597 Total $ 18,226 $ 27 $ (194 ) $ 18,059 Securities held-to-maturity U.S. government agency mortgage backed securities (“MBS”) $ 5,739 $ 280 $ — $ 6,019 Total $ 5,739 $ 280 $ — $ 6,019 Securities measured at fair value Equity securities: Farmer Mac class A stock $ 66 $ 45 $ — $ 111 Total $ 66 $ 45 $ — $ 111 December 31, 2019 Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value Securities available-for-sale (in thousands) U.S. government agency notes $ 8,112 $ — $ (64 ) $ 8,048 U.S. government agency collateralized mortgage obligations (“CMO”) 11,270 23 (77 ) 11,216 Total $ 19,382 $ 23 $ (141 ) $ 19,264 Securities held-to-maturity U.S. government agency mortgage backed securities (“MBS”) $ 6,132 $ 189 $ (19 ) $ 6,302 Total $ 6,132 $ 189 $ (19 ) $ 6,302 Securities measured at fair value Equity securities: Farmer Mac class A stock $ 66 $ 101 $ — $ 167 Total $ 66 $ 101 $ — $ 167
Maturity Periods and Weighted Average Yields of Investment Securities	The maturity periods and weighted average yields of investment securities at the period ends indicated were as follows: March 31, 2020 Less than One Year One to Five Years Five to Ten Years Over Ten Years Total Amount Yield Amount Yield Amount Yield Amount Yield Amount Yield Securities available-for-sale (dollars in thousands) U.S. government agency notes $ — — $ 1,073 2.1 % $ 6,389 2.6 % $ — — $ 7,462 2.5 % U.S. government agency CMO 516 2.3 % 8,773 1.4 % 1,308 1.4 % — — 10,597 1.4 % Total $ 516 2.3 % $ 9,846 1.4 % $ 7,697 2.4 % $ — — $ 18,059 1.9 % Securities held-to-maturity U.S. government agency MBS $ — — $ 4,963 3.2 % $ — 0.0 % $ 776 3.6 % $ 5,739 3.3 % Total $ — — $ 4,963 3.2 % $ — 0.0 % $ 776 3.6 % $ 5,739 3.3 % Securities measured at fair value Farmer Mac class A stock $ — — $ — — $ — — $ — — $ 111 — Total $ — — $ — — $ — — $ — — $ 111 — December 31, 2019 Less than One Year One to Five Years Five to Ten Years Over Ten Years Total Amount Yield Amount Yield Amount Yield Amount Yield Amount Yield Securities available-for-sale (dollars in thousands) U.S. government agency notes $ — — $ 1,094 2.3 % $ 6,954 2.8 % $ — — $ 8,048 2.8 % U.S. government agency CMO — — 3,766 2.1 % 6,121 2.3 % 1,329 2.4 % 11,216 2.3 % Total $ — — $ 4,860 2.2 % $ 13,075 2.6 % $ 1,329 2.4 % $ 19,264 2.5 % Securities held-to-maturity U.S. government agency MBS $ — — $ 2,465 4.2 % $ 2,887 2.9 % $ 780 3.6 % $ 6,132 3.5 % Total $ — — $ 2,465 4.2 % $ 2,887 2.9 % $ 780 3.6 % $ 6,132 3.5 % Securities measured at fair value Farmer Mac class A stock $ — — $ — — $ — — $ — — $ 167 — Total $ — — $ — — $ — — $ — — $ 167 —
Amortized Cost and Fair Value of Investment Securities by Contractual Maturities	The amortized cost and fair value of investment securities by contractual maturities as of the periods presented were as shown below: March 31, December 31, 2020 2019 Amortized Cost Estimated Fair Value Amortized Cost Estimated Fair Value Securities available-for-sale (in thousands) Due in one year or less $ 505 $ 516 $ — $ — After one year through five years 9,930 9,846 4,884 4,860 After five years through ten years 7,791 7,697 13,121 13,075 After ten years — — 1,377 1,329 Total $ 18,226 $ 18,059 $ 19,382 $ 19,264 Securities held-to-maturity Due in one year or less $ — $ — $ — $ — After one year through five years 4,963 5,119 2,465 2,565 After five years through ten years — — 2,887 2,892 After ten years 776 900 780 845 Total $ 5,739 $ 6,019 $ 6,132 $ 6,302 Securities measured at fair value Farmer Mac class A stock $ 66 $ 111 $ 66 $ 167 Total $ 66 $ 111 $ 66 $ 167
Fair Value and Unrealized Losses of Securities in Unrealized Loss Position	The following tables show all securities that are in an unrealized loss position: March 31, 2020 Less Than Twelve Months More Than Twelve Months Total Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Securities available-for-sale (in thousands) U.S. government agency notes $ 2 $ 1,117 $ 49 $ 6,344 $ 51 $ 7,461 U.S. government agency CMO 18 2,075 125 6,524 143 8,599 Total $ 20 $ 3,192 $ 174 $ 12,868 $ 194 $ 16,060 Securities held-to-maturity U.S. Government-agency MBS $ — $ — $ — $ — $ — $ — Total $ — $ — $ — $ — $ — $ — Securities measured at fair value Farmer Mac class A stock $ — $ — $ — $ — $ — $ — Total $ — $ — $ — $ — $ — $ — December 31, 2019 Less Than Twelve Months More Than Twelve Months Total Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Securities available-for-sale (in thousands) U.S. government agency notes $ 3 $ 1,126 $ 61 $ 6,922 $ 64 $ 8,048 U.S. government agency CMO 25 5,275 52 2,264 77 7,539 Total $ 28 $ 6,401 $ 113 $ 9,186 $ 141 $ 15,587 Securities held-to-maturity U.S. Government-agency MBS $ — $ — $ 19 $ 2,139 $ 19 $ 2,139 Total $ — $ — $ 19 $ 2,139 $ 19 $ 2,139 Securities measured at fair value Farmer Mac class A stock $ — $ — $ — $ — $ — $ — Total $ — $ — $ — $ — $ — $ —

LOANS HELD FOR INVESTMENT (Tabl

LOANS HELD FOR INVESTMENT (Tables)	3 Months Ended
	Mar. 31, 2020
LOANS HELD FOR INVESTMENT [Abstract]
Composition of Loans Held for Investment Loan Portfolio	The composition of the Company’s loans held for investment loan portfolio follows: March 31, December 31, (in thousands) Manufactured housing $ 263,484 $ 257,247 Commercial real estate 391,207 385,642 Commercial 68,271 69,843 SBA 4,019 4,429 HELOC 4,196 4,531 Single family real estate 11,357 11,845 Consumer 71 94 742,605 733,631 Allowance for loan losses (9,167 ) (8,717 ) Deferred fees, net (14 ) (58 ) Discount on SBA loans (53 ) (56 ) Total loans held for investment, net $ 733,371 $ 724,800
Contractual Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans	The following table presents the contractual aging of the recorded investment in past due held for investment loans by class of loans: March 31, 2020 Current 30-59 Days Past Due 60-89 Days Past Due Over 90 Days Past Due Total Past Due Nonaccrual Total Recorded Investment Over 90 Days and Accruing (in thousands) Manufactured housing $ 262,159 $ 362 $ 34 $ — $ 396 $ 929 $ 263,484 $ — Commercial real estate: Commercial real estate 329,864 — — — — 84 329,948 — SBA 504 1st trust deed 21,450 — — — — — 21,450 — Land 4,862 — — — — — 4,862 — Construction 34,947 — — — — — 34,947 — Commercial 66,725 1 — — 1 1,545 68,271 — SBA 3,644 — 17 — 17 358 4,019 — HELOC 4,196 — — — — — 4,196 — Single family real estate 11,331 26 — — 26 — 11,357 — Consumer 71 — — — — — 71 — Total $ 739,249 $ 389 $ 51 $ — $ 440 $ 2,916 $ 742,605 $ — December 31, 2019 Current 30-59 Days Past Due 60-89 Days Past Due Over 90 Days Past Due Total Past Due Nonaccrual Total Recorded Investment Over 90 Days and Accruing (in thousands) Manufactured housing $ 256,251 $ 156 $ 246 $ — $ 402 $ 594 $ 257,247 $ — Commercial real estate: Commercial real estate 327,255 — — — — 84 327,339 — SBA 504 1st trust deed 17,151 1,401 — — 1,401 — 18,552 — Land 4,457 — — — — — 4,457 — Construction 35,294 — — — — — 35,294 — Commercial 68,224 — — — — 1,619 69,843 — SBA 3,935 112 — — 112 382 4,429 — HELOC 4,531 — — — — — 4,531 — Single family real estate 11,813 32 — — 32 — 11,845 — Consumer 94 — — — — — 94 — Total $ 729,005 $ 1,701 $ 246 $ — $ 1,947 $ 2,679 $ 733,631 $ —
Analysis of Allowance for Loan Losses for Loans Held for Investment	The following table summarizes the changes in the allowance for loan losses: Three Months Ended March 31, 2020 2019 (in thousands) Beginning balance $ 8,717 $ 8,691 Charge-offs — (17 ) Recoveries 58 31 Net recoveries 58 14 Provision (credit) 392 (57 ) Ending balance $ 9,167 $ 8,648 As of March 31, 2020 and December 31, 2019, the Company had reserves for credit losses on undisbursed loans of $76,000 and $85,000, respectively, which were included in other liabilities. The following tables summarize the changes in the allowance for loan losses by portfolio type: For the Three Months Ended March 31, Manufactured Housing Commercial Real Estate Commercial SBA HELOC Single Family Real Estate Consumer Total 2020 (in thousands) Beginning balance $ 2,184 $ 5,217 $ 1,162 $ 32 $ 27 $ 92 $ 3 $ 8,717 Charge-offs — — — — — — — — Recoveries 6 20 27 3 2 — — 58 Net recoveries 6 20 27 3 2 — — 58 Provision (credit) 174 247 (25 ) (6 ) (2 ) 4 — 392 Ending balance $ 2,364 $ 5,484 $ 1,164 $ 29 $ 27 $ 96 $ 3 $ 9,167 2019 Beginning balance $ 2,196 $ 5,028 $ 1,210 $ 79 $ 90 $ 88 $ — $ 8,691 Charge-offs — — (17 ) — — — — (17 ) Recoveries 6 — 19 5 1 — — 31 Net recoveries 6 — 2 5 1 — — 14 Provision (credit) (14 ) 30 7 (40 ) (43 ) 3 — (57 ) Ending balance $ 2,188 $ 5,058 $ 1,219 $ 44 $ 48 $ 91 $ — $ 8,648
Impairment Method Information Related to Loans and Allowance for Loan Losses by Loan Portfolio Segment	The following tables present impairment method information related to loans and allowance for loan losses by loan portfolio segment: Manufactured Housing Commercial Real Estate Commercial SBA HELOC Single Family Real Estate Consumer Total Loans Loans Held for Investment as of March 31, 2020: (in thousands) Recorded Investment: Impaired loans with an allowance recorded $ 5,327 $ — $ — $ — $ — $ 465 $ — $ 5,792 Impaired loans with no allowance recorded 2,467 316 1,694 357 — 1,848 — 6,682 Total loans individually evaluated for impairment 7,794 316 1,694 357 — 2,313 — 12,474 Loans collectively evaluated for impairment 255,690 390,891 66,577 3,662 4,196 9,044 71 730,131 Total loans held for investment $ 263,484 $ 391,207 $ 68,271 $ 4,019 $ 4,196 $ 11,357 $ 71 $ 742,605 Unpaid Principal Balance Impaired loans with an allowance recorded $ 5,327 $ — $ — $ — $ — $ 465 $ — $ 5,792 Impaired loans with no allowance recorded 3,336 382 1,950 718 — 1,848 — 8,234 Total loans individually evaluated for impairment 8,663 382 1,950 718 — 2,313 — 14,026 Loans collectively evaluated for impairment 255,690 390,891 66,577 3,662 4,196 9,044 71 730,131 Total loans held for investment $ 264,353 $ 391,273 $ 68,527 $ 4,380 $ 4,196 $ 11,357 $ 71 $ 744,157 Related Allowance for Credit Losses Impaired loans with an allowance recorded $ 324 $ — $ — $ — $ — $ 17 $ — $ 341 Impaired loans with no allowance recorded — — — — — — — — Total loans individually evaluated for impairment 324 — — — — 17 — 341 Loans collectively evaluated for impairment 2,040 5,484 1,164 29 27 79 3 8,826 Total loans held for investment $ 2,364 $ 5,484 $ 1,164 $ 29 $ 27 $ 96 $ 3 $ 9,167 Manufactured Housing Commercial Real Estate Commercial SBA HELOC Single Family Real Estate Consumer Total Loans Loans Held for Investment as of December 31, 2019: (in thousands) Recorded Investment: Impaired loans with an allowance recorded $ 5,702 $ — $ — $ — $ — $ 470 $ — $ 6,172 Impaired loans with no allowance recorded 2,296 318 1,802 382 — 1,858 — 6,656 Total loans individually evaluated for impairment 7,998 318 1,802 382 — 2,328 — 12,828 Loans collectively evaluated for impairment 249,249 385,324 68,041 4,047 4,531 9,517 94 720,803 Total loans held for investment $ 257,247 $ 385,642 $ 69,843 $ 4,429 $ 4,531 $ 11,845 $ 94 $ 733,631 Unpaid Principal Balance Impaired loans with an allowance recorded $ 5,702 $ — $ — $ — $ — $ 470 $ — $ 6,172 Impaired loans with no allowance recorded 3,134 384 2,156 736 — 1,858 — 8,268 Total loans individually evaluated for impairment 8,836 384 2,156 736 — 2,328 — 14,440 Loans collectively evaluated for impairment 249,249 385,324 68,041 4,047 4,531 9,517 94 720,803 Total loans held for investment $ 258,085 $ 385,708 $ 70,197 $ 4,783 $ 4,531 $ 11,845 $ 94 $ 735,243 Related Allowance for Credit Losses Impaired loans with an allowance recorded $ 334 $ — $ — $ — $ — $ 18 $ — $ 352 Impaired loans with no allowance recorded — — — — — — — — Total loans individually evaluated for impairment 334 — — — — 18 — 352 Loans collectively evaluated for impairment 1,850 5,217 1,162 32 27 74 3 8,365 Total loans held for investment $ 2,184 $ 5,217 $ 1,162 $ 32 $ 27 $ 92 $ 3 $ 8,717
Recorded Investment in Loans Classified as Impaired	The table below reflects recorded investment in loans classified as impaired: March 31, December 31, (in thousands) Impaired loans with a specific valuation allowance under ASC 310 $ 5,792 $ 6,172 Impaired loans without a specific valuation allowance under ASC 310 6,682 6,656 Total impaired loans $ 12,474 $ 12,828 Valuation allowance related to impaired loans $ 341 $ 352
Impaired Loans by Class	The following table summarizes impaired loans by class of loans: March 31, December 31, (in thousands) Manufactured housing $ 7,794 $ 7,998 Commercial real estate : Commercial real estate 84 84 SBA 504 1st trust deed 232 234 Land — — Construction — — Commercial 1,694 1,802 SBA 357 382 HELOC — — Single family real estate 2,313 2,328 Consumer — — Total $ 12,474 $ 12,828
Average Investment in Impaired Loans by Class and Related Interest Income Recognized	The following tables summarize average investment in impaired loans by class of loans and the related interest income recognized: Three Months Ended March 31, 2020 2019 Average Investment in Impaired Loans Interest Income Average Investment in Impaired Loans Interest Income (in thousands) Manufactured housing $ 7,923 $ 135 $ 10,386 $ 166 Commercial real estate: Commercial real estate 84 — 98 — SBA 504 1st trust deed 234 4 239 4 Land — — — — Construction — — — — Commercial 1,754 2 7,573 43 SBA 371 — 790 — HELOC — — 193 5 Single family real estate 2,329 31 2,618 34 Consumer — — — — Total $ 12,695 $ 172 $ 21,897 $ 252
Recorded Investment in Certain Types of Loans	The following table reflects the recorded investment in certain types of loans at the periods indicated: March 31, December 31, (in thousands) Nonaccrual loans $ 2,916 $ 2,679 Government guaranteed portion of loans included above $ 272 $ 290 Troubled debt restructured loans, gross $ 10,451 $ 10,774 Loans 30 through 89 days past due with interest accruing $ 440 $ 1,947 Loans 90 days or more past due with interest accruing $ — $ — Allowance for loan losses to gross loans held for investment 1.23 % 1.19 %
Composition of Net Nonaccrual Loans	The following table presents the composition of nonaccrual loans by class of loans: March 31, December 31, (in thousands) Manufactured housing $ 929 $ 594 Commercial real estate: Commercial real estate 84 84 SBA 504 1st trust deed — — Land — — Construction — — Commercial 1,545 1,619 SBA 358 382 HELOC — — Single family real estate — — Consumer — — Total $ 2,916 $ 2,679
Gross Loans by Risk Rating	The following tables present gross loans by risk rating: March 31, 2020 Pass Special Mention Substandard Doubtful Total (in thousands) Manufactured housing $ 262,356 $ — $ 1,128 $ — $ 263,484 Commercial real estate: Commercial real estate 326,383 1,926 1,639 — 329,948 SBA 504 1st trust deed 20,815 338 296 — 21,449 Land 4,862 — — — 4,862 Construction 32,856 — 2,091 — 34,947 Commercial 65,060 1,010 1,611 — 67,681 SBA 2,891 — 294 — 3,185 HELOC 4,196 — — — 4,196 Single family real estate 11,352 — 5 — 11,357 Consumer 71 — — — 71 Total, net 730,842 3,274 7,064 — 741,180 Government guarantee — — 1,425 — 1,425 Total $ 730,842 $ 3,274 $ 8,489 $ — $ 742,605 December 31, 2019 Pass Special Mention Substandard Doubtful Total (in thousands) Manufactured housing $ 256,430 $ — $ 817 $ — $ 257,247 Commercial real estate: Commercial real estate 323,748 3,507 84 — 327,339 SBA 504 1st trust deed 18,250 — 302 — 18,552 Land 4,457 — — — 4,457 Construction 33,280 — 2,014 — 35,294 Commercial 66,525 170 1,619 — 68,314 SBA 2,379 28 1,154 3,561 HELOC 4,531 — — — 4,531 Single family real estate 11,840 — 5 — 11,845 Consumer 94 — — — 94 Total, net 721,534 3,705 5,995 $ — 731,234 Government guarantee — 1,530 867 — 2,397 Total $ 721,534 $ 5,235 $ 6,862 $ — $ 733,631
Troubled Debt Restructurings	The following tables summarize the financial effects of TDR loans by loan class for the periods presented: For the Three Months Ended March 31, 2020 Number of Loans Pre- Modification Recorded Investment Post Modification Recorded Investment Balance of Loans with Rate Reduction Balance of Loans with Term Extension Effect on Allowance for Loan Losses (dollars in thousands) Manufactured housing 1 $ 56 $ 56 $ 56 $ 56 $ 1 Total 1 $ 56 $ 56 $ 56 $ 56 $ 1 For the Three Months Ended March 31, 2019 Number of Loans Pre- Modification Recorded Investment Post Modification Recorded Investment Balance of Loans with Rate Reduction Balance of Loans with Term Extension Effect on Allowance for Loan Losses (dollars in thousands) SBA 1 $ 48 $ 48 $ 48 $ — $ — Total 1 $ 48 $ 48 $ 48 $ — $ —

OTHER ASSETS ACQUIRED THROUGH_2

OTHER ASSETS ACQUIRED THROUGH FORECLOSURE (Tables)	3 Months Ended
	Mar. 31, 2020
OTHER ASSETS ACQUIRED THROUGH FORECLOSURE [Abstract]
Other Assets Acquired through Foreclosure	The following table summarizes the changes in other assets acquired through foreclosure: Three Months Ended March 31, 2020 2019 (in thousands) Balance, beginning of period $ 2,524 $ — Additions 106 — Proceeds from dispositions — — Gain (loss) on foreclosed assets, net 77 — Third-party portion of writedown/loss — — Balance, end of period $ 2,707 $ —

FAIR VALUE MEASUREMENT (Tables)

FAIR VALUE MEASUREMENT (Tables)	3 Months Ended
	Mar. 31, 2020
FAIR VALUE MEASUREMENT [Abstract]
Fair Value Measurements of Assets Measured on a Recurring Basis	The following tables summarize the fair value of assets measured on a recurring basis: Fair Value Measurements at the End of the March 31, 2020 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Fair Value Assets: (in thousands) Investment securities measured at fair value $ 111 $ — $ — $ 111 Investment securities available-for-sale — 18,059 — 18,059 Interest only strips — — 38 38 Servicing assets — — 970 970 Total $ 111 $ 18,059 $ 1,008 $ 19,178 Fair Value Measurements at the End of the December 31, 2019 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Fair Value Assets: (in thousands) Investment securities measured at fair value $ 167 $ — $ — $ 167 Investment securities available-for-sale — 19,264 — 19,264 Interest only strips — — 41 41 Servicing assets — — 846 846 Total $ 167 $ 19,264 $ 887 $ 20,318
Fair Value Measurements of Assets Measured on a Non-recurring Basis	The following summarizes the fair value measurements of assets measured on a non-recurring basis: Fair Value Measurements at the End of the Reporting Period Using: Total Quoted Prices in Active Markets for Identical Assets (Level 1) Active Markets for Similar Assets (Level 2) Unobservable Inputs (Level 3) (in thousands) March 31, 2020: Impaired loans $ 2,506 $ — $ 2,506 $ — Loans held for sale 42,942 — 42,942 — Foreclosed real estate and repossessed assets 2,707 — 2,707 — Total $ 48,155 $ — $ 48,155 $ — Fair Value Measurements at the End of the Reporting Period Using: Total Quoted Prices in Active Markets for Identical Assets (Level 1) Active Markets for Similar Assets (Level 2) Unobservable Inputs (Level 3) (in thousands) December 31, 2019: Impaired loans $ 2,334 $ — $ 2,334 $ — Loans held for sale 42,900 — 42,900 — Foreclosed real estate and repossessed assets 2,524 — 2,524 — Total $ 47,758 $ — $ 47,758 $ —
Estimated Fair Values and Carrying Values of Financial Instruments	The estimated fair value of the Company’s financial instruments are as follows: March 31, 2020 Carrying Fair Value Amount Level 1 Level 2 Level 3 Total Financial assets: (in thousands) Cash and cash equivalents $ 89,665 $ 89,665 $ — $ — $ 89,665 FRB and FHLB stock 4,343 — 4,343 — 4,343 Investment securities 23,909 111 24,078 — 24,189 Loans, net 772,829 — 767,822 9,395 777,217 Financial liabilities: Deposits 711,599 — 752,858 — 752,858 Other borrowings 115,000 — 105,674 — 105,674 December 31, 2019 Carrying Fair Value Amount Level 1 Level 2 Level 3 Total Financial assets: (in thousands) Cash and cash equivalents $ 82,661 $ 82,661 $ — $ — $ 82,661 FRB and FHLB stock 4,087 — 4,087 — 4,087 Investment securities 25,563 167 25,399 — 25,566 Loans, net 766,846 — 752,287 9,907 762,194 Financial liabilities: Deposits 750,934 — 751,398 — 751,398 Other borrowings 65,000 — 65,236 — 65,236

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	3 Months Ended
	Mar. 31, 2020
STOCKHOLDERS' EQUITY [Abstract]
Changes in Other Comprehensive Income (Loss) by Component, Net of Tax	The following table summarizes the changes in other comprehensive income (loss) by component, net of tax for the period indicated: Three Months Ended March 31, 2020 2019 Unrealized holding gains (losses) on AFS (in thousands) Beginning balance $ (78 ) $ (141 ) Other comprehensive income before reclassifications (34 ) 7 Amounts reclassified from accumulated other comprehensive income — — Net current-period other comprehensive income (34 ) 7 Ending Balance $ (112 ) $ (134 )

CAPITAL REQUIREMENT (Tables)

CAPITAL REQUIREMENT (Tables)	3 Months Ended
	Mar. 31, 2020
CAPITAL REQUIREMENT [Abstract]
Bank's Regulatory Ratios and Federal Reserve's Current Adequacy Guidelines	The following tables illustrates the Bank’s regulatory ratios and the Federal Reserve’s current adequacy guidelines as of March 31, 2020 and December 31, 2019. The Federal Reserve’s fully phased-in guidelines applicable in 2019 are also summarized. Total Capital (To Risk- Weighted Assets) Tier 1 Capital (To Risk- Weighted Assets) Common Equity Tier 1 (To Risk- Weighted Assets) Leverage Ratio/Tier 1 Capital (To Average Assets) Community Banking Leverage Ratio March 31, 2020 CWB’s actual regulatory ratios 11.60 % 10.42 % 10.42 % 9.21 % 9.21 % Minimum capital requirements 8.00 % 6.00 % 4.50 % 4.00 % 8.00 % Well-capitalized requirements 10.00 % 8.00 % 6.50 % N/A 9.00 % Minimum capital requirements including fully-phased in capital conservation buffer 10.50 % 8.50 % 7.00 % N/A N/A Total Capital (To Risk- Weighted Assets) Tier 1 Capital (To Risk- Weighted Assets) Common Equity Tier 1 (To Risk- Weighted Assets) Leverage Ratio/Tier 1 Capital (To Average Assets) December 31, 2019 CWB’s actual regulatory ratios 11.41 % 10.28 % 10.28 % 9.06 % Minimum capital requirements 8.00 % 6.00 % 4.50 % 4.00 % Well-capitalized requirements 10.00 % 8.00 % 6.50 % N/A Minimum capital requirements including fully-phased in capital conservation buffer 10.50 % 8.50 % 7.00 % N/A

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	3 Months Ended
	Mar. 31, 2020
REVENUE RECOGNITION [Abstract]
Non-Interest Income	The following table presents non-interest income, segregated by revenue streams in-scope and out-of-scope of Topic 606, for periods indicated. Non-interest income Three Months Ended March 31, 2020 2019 In-scope of Topic 606: (in thousands) Service charges on deposit accounts $ 120 $ 125 Exchange fees and other service charges 40 35 Non-interest income (in-scope of Topic 606) 160 160 Non-interest income (out-of-scope of Topic 606) 790 444 Total $ 950 $ 604

LEASES (Tables)

LEASES (Tables)	3 Months Ended
	Mar. 31, 2020
LEASES [Abstract]
Lease Cost and Other Information	The right-of-use assets are included in other assets and the lease liabilities are included in other liabilities in the accompanying Consolidated Balance Sheets. Three Months Ended March 31, 2020 2019 Lease cost: (in thousands) Operating lease cost 277 303 Sublease income — — Total lease cost 277 303 Other information Cash paid for amounts included in the measurement of lease liabilities — — Operating cash flows from operating leases 274 293 Weighted average remaining lease term - operating leases 9.52 Years 10.63 years Weighted average discount rate - operating leases 3.24 % 3.25 %
Future Minimum Operating Lease Payments	Future minimum operating lease payments: March 31, 2020 2019 (in thousands) 2019 $ — $ 881 2020 741 1,104 2021 884 975 2022 779 873 2023 705 802 2024 713 813 Thereafter 3,291 4,227 Total future minimum lease payments $ 7,113 $ 9,675 Less remaining imputed interest 1,021 1,552 Total lease liabilities $ 6,092 $ 8,123

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)CategoryPayment	Dec. 31, 2019USD ($)	Mar. 31, 2019USD ($)
Loans Held for Investment and Interest and Fees from Loans [Abstract]
Period of delinquency after which a loan is placed in a nonaccrual status	90 days
Recent Accounting Pronouncements [Abstract]
Operating lease right-of-use assets	$ 6,100
Lease liability	$ 6,092		$ 8,123
Minimum [Member]
Loans Held for Investment and Interest and Fees from Loans [Abstract]
Period of delinquency after which a loan is placed in a nonaccrual status	90 days
Pass/Management Attention Risk [Member]
Allowance for Loan Losses and Provision for Loan Losses [Abstract]
Number of categories in pass categories | Category	4
Number of categories considered to be acceptable loans | Category	3
Other Personal Loans [Member] | Maximum [Member]
Loans Held for Investment and Interest and Fees from Loans [Abstract]
Threshold period past due for write-off of loans	120 days
Consumer [Member]
Allowance for Loan Losses and Provision for Loan Losses [Abstract]
Period past due for unsecured loans to be charged off	120 days
Number of delinquent payments for unsecured loans to be charged off | Payment	5
Commercial [Member]
Allowance for Loan Losses and Provision for Loan Losses [Abstract]
Period past due for unsecured loans to be charged off	90 days
Commercial Real Estate [Member]
Allowance for Loan Losses and Provision for Loan Losses [Abstract]
Period past due for unsecured loans to be charged off	90 days
SBA [Member]
Allowance for Loan Losses and Provision for Loan Losses [Abstract]
Period past due for unsecured loans to be charged off	90 days
Single Family Real Estate [Member]
Allowance for Loan Losses and Provision for Loan Losses [Abstract]
Period past due after which loans are evaluated for impairment	90 days
HELOC [Member]
Allowance for Loan Losses and Provision for Loan Losses [Abstract]
Period past due after which loans are evaluated for impairment	90 days
Manufactured Housing [Member]
Allowance for Loan Losses and Provision for Loan Losses [Abstract]
Period past due after which loans are evaluated for impairment	90 days
ASU 2016-02 [Member]
Recent Accounting Pronouncements [Abstract]
Operating lease right-of-use assets	$ 6,100	$ 8,400
Lease liability	$ 6,100	$ 8,400

INVESTMENT SECURITIES, Securiti

INVESTMENT SECURITIES, Securities Available-for-Sale (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Securities available-for-sale [Abstract]
Amortized cost	$ 18,226	$ 19,382
Gross unrealized gains	27	23
Gross unrealized (losses)	(194)	(141)
Fair value	18,059	19,264
U.S. Government Agency Notes [Member]
Securities available-for-sale [Abstract]
Amortized cost	7,513	8,112
Gross unrealized gains	0	0
Gross unrealized (losses)	(51)	(64)
Fair value	7,462	8,048
U.S. Government Agency Collateralized Mortgage Obligations ("CMO") [Member]
Securities available-for-sale [Abstract]
Amortized cost	10,713	11,270
Gross unrealized gains	27	23
Gross unrealized (losses)	(143)	(77)
Fair value	$ 10,597	$ 11,216

INVESTMENT SECURITIES, Securi_2

INVESTMENT SECURITIES, Securities Held-to-Maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Securities held-to-maturity [Abstract]
Amortized cost	$ 5,739	$ 6,132
Gross unrealized gains	280	189
Gross unrealized (losses)	0	(19)
Fair value	6,019	6,302
U.S. Government Agency Mortgage Backed Securities ("MBS") [Member]
Securities held-to-maturity [Abstract]
Amortized cost	5,739	6,132
Gross unrealized gains	280	189
Gross unrealized (losses)	0	(19)
Fair value	$ 6,019	$ 6,302

INVESTMENT SECURITIES, Securi_3

INVESTMENT SECURITIES, Securities Measured at Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Securities measured at fair value [Abstract]
Amortized cost	$ 66	$ 66
Gross unrealized gains	45	101
Gross unrealized (losses)	0	0
Fair value	111	167
Equity Securities: Farmer Mac Class A Stock [Member]
Securities measured at fair value [Abstract]
Amortized cost	66	66
Gross unrealized gains	45	101
Gross unrealized losses	0	0
Fair value	111	167
Fair value	$ 111	$ 167

INVESTMENT SECURITIES, Securi_4

INVESTMENT SECURITIES, Securities Pledged as Collateral (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
INVESTMENT SECURITIES [Abstract]
Securities pledged as collateral to the Federal Home Loan Bank ("FHLB")	$ 23.8	$ 25.6

INVESTMENT SECURITIES, Maturity

INVESTMENT SECURITIES, Maturity Periods and Weighted Average Yields (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Maturity periods and weighted average yields of investment securities available-for-sale [Abstract]
Less than one year, amount	$ 516	$ 0
Less than one year, yield	2.30%	0.00%
One to five years, amount	$ 9,846	$ 4,860
One to five years, yield	1.40%	2.20%
Five to ten years, amount	$ 7,697	$ 13,075
Five to ten years, yield	2.40%	2.60%
Over ten years, amount	$ 0	$ 1,329
Over ten years, yield	0.00%	2.40%
Total amount	$ 18,059	$ 19,264
Total yield	1.90%	2.50%
Securities measured at fair value, amount	$ 111	$ 167
Securities measured at fair value, yield	0.00%	0.00%
Maturity periods and weighted average yields of investment securities held-to-maturity [Abstract]
Less than one year, amount	$ 0	$ 0
Less than one year, yield	0.00%	0.00%
One to five years, amount	$ 4,963	$ 2,465
One to five years, yield	3.20%	4.20%
Five to ten years, amount	$ 0	$ 2,887
Five to ten years, yield	0.00%	2.90%
Over ten years, amount	$ 776	$ 780
Over ten years, yield	3.60%	3.60%
Total amount	$ 5,739	$ 6,132
Total yield	3.30%	3.50%
U.S. Government Agency Notes [Member]
Maturity periods and weighted average yields of investment securities available-for-sale [Abstract]
Less than one year, amount	$ 0	$ 0
Less than one year, yield	0.00%	0.00%
One to five years, amount	$ 1,073	$ 1,094
One to five years, yield	2.10%	2.30%
Five to ten years, amount	$ 6,388	$ 6,955
Five to ten years, yield	2.60%	2.80%
Over ten years, amount	$ 0	$ 0
Over ten years, yield	0.00%	0.00%
Total amount	$ 7,461	$ 8,048
Total yield	2.50%	2.80%
U.S. Government Agency CMO [Member]
Maturity periods and weighted average yields of investment securities available-for-sale [Abstract]
Less than one year, amount	$ 516	$ 0
Less than one year, yield	2.30%	0.00%
One to five years, amount	$ 8,773	$ 3,766
One to five years, yield	1.40%	2.10%
Five to ten years, amount	$ 1,309	$ 6,120
Five to ten years, yield	1.40%	2.30%
Over ten years, amount	$ 0	$ 1,329
Over ten years, yield	0.00%	2.40%
Total amount	$ 10,598	$ 11,216
Total yield	1.40%	2.30%
U.S. Government Agency MBS [Member]
Maturity periods and weighted average yields of investment securities held-to-maturity [Abstract]
Less than one year, amount	$ 0	$ 0
Less than one year, yield	0.00%	0.00%
One to five years, amount	$ 4,963	$ 2,465
One to five years, yield	3.20%	4.20%
Five to ten years, amount	$ 0	$ 2,887
Five to ten years, yield	0.00%	2.90%
Over ten years, amount	$ 776	$ 780
Over ten years, yield	3.60%	3.60%
Total amount	$ 5,739	$ 6,132
Total yield	3.30%	3.50%
Farmer Mac Class A Stock [Member]
Maturity periods and weighted average yields of investment securities available-for-sale [Abstract]
Securities measured at fair value, amount	$ 111	$ 167
Securities measured at fair value, yield	0.00%	0.00%

INVESTMENT SECURITIES, Investme

INVESTMENT SECURITIES, Investment Securities by Contractual Maturities (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Securities available-for-sale, Amortized Cost [Abstract]
Due in one year or less	$ 505	$ 0
After one year through five years	9,930	4,884
After five years through ten years	7,791	13,121
After ten years	0	1,377
Amortized cost	18,226	19,382
Securities available for sale, Estimated Fair Value [Abstract]
Due in one year or less	516	0
After one year through five years	9,846	4,860
After five years through ten years	7,697	13,075
After ten years	0	1,329
Estimated fair value	18,059	19,264
Securities held to maturity, Amortized Cost [Abstract]
Due in one year or less	0	0
After one year through five years	4,963	2,465
After five years through ten years	0	2,887
After ten years	776	780
Amortized cost	5,739	6,132
Securities held to maturity, Estimated Fair Value [Abstract]
Due in one year or less	0	0
After one year through five years	5,119	2,565
After five years through ten years	0	2,892
After ten years	900	845
Estimated fair value	6,019	6,302
Securities measured at fair value [Abstract]
Amortized cost	66	66
Fair value	$ 111	$ 167

INVESTMENT SECURITIES, Unrealiz

INVESTMENT SECURITIES, Unrealized Loss Positions (Details) $ in Thousands	Mar. 31, 2020USD ($)Security	Dec. 31, 2019USD ($)Security
Securities available-for-sale, continuous unrealized loss position [Abstract]
Less than twelve months, gross unrealized losses	$ 20	$ 28
More than twelve months, gross unrealized losses	174	113
Total, gross unrealized losses	194	141
Less than twelve months, fair value	3,192	6,401
More than twelve months, fair value	12,868	9,186
Total, fair value	16,060	15,587
Securities held-to-maturity, continuous unrealized loss position [Abstract]
Less than twelve months, gross unrealized losses	0	0
Less than twelve months, fair value	0	0
More than twelve months, gross unrealized losses	0	19
More than twelve months, fair value	0	2,139
Total, gross unrealized losses	0	19
Total, fair value	0	2,139
Securities measured at fair value [Abstract]
Less than twelve months, gross unrealized losses	0	0
More than twelve months, gross unrealized losses	0	0
Total, gross unrealized losses	0	0
Less than twelve months, fair value	0	0
More than twelve months, fair value	0	0
Total, fair value	$ 0	$ 0
Securities in unrealized loss positions | Security	21	20
U.S. Government Agency Notes [Member]
Securities available-for-sale, continuous unrealized loss position [Abstract]
Less than twelve months, gross unrealized losses	$ 2	$ 3
More than twelve months, gross unrealized losses	49	61
Total, gross unrealized losses	51	64
Less than twelve months, fair value	1,117	1,126
More than twelve months, fair value	6,344	6,922
Total, fair value	7,461	8,048
U.S. Government Agency CMO [Member]
Securities available-for-sale, continuous unrealized loss position [Abstract]
Less than twelve months, gross unrealized losses	18	25
More than twelve months, gross unrealized losses	125	52
Total, gross unrealized losses	143	77
Less than twelve months, fair value	2,075	5,275
More than twelve months, fair value	6,524	2,264
Total, fair value	8,599	7,539
U.S. Government Agency MBS [Member]
Securities held-to-maturity, continuous unrealized loss position [Abstract]
Less than twelve months, gross unrealized losses	0	0
Less than twelve months, fair value	0	0
More than twelve months, gross unrealized losses	0	19
More than twelve months, fair value	0	2,139
Total, gross unrealized losses	0	19
Total, fair value	0	2,139
Equity Securities: Farmer Mac Class A Stock [Member]
Securities measured at fair value [Abstract]
Less than twelve months, gross unrealized losses	0	0
More than twelve months, gross unrealized losses	0	0
Total, gross unrealized losses	0	0
Less than twelve months, fair value	0	0
More than twelve months, fair value	0	0
Total, fair value	$ 0	$ 0

LOANS HELD FOR SALE (Details)

LOANS HELD FOR SALE (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Loans Held for Sale [Abstract]
Loans included in loans held for sale	$ 39,458	$ 42,046
SBA [Member]
Loans Held for Sale [Abstract]
Loans included in loans held for sale	9,400	10,400
Principal balance of loan serviced	4,600	5,200
US Department of Agriculture [Member]
Loans Held for Sale [Abstract]
Loans included in loans held for sale	30,100	31,600
Principal balance of loan serviced	$ 1,900	$ 1,900

LOANS HELD FOR INVESTMENT (Deta

LOANS HELD FOR INVESTMENT (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
Loans held for investment [Abstract]
Loans held for investment, gross	$ 742,605	$ 733,631
Allowance for loan losses	(9,167)	(8,717)	$ (8,648)	$ (8,691)
Deferred fees, net	(14)	(58)
Discount on SBA loans	(53)	(56)
Total loans held for investment, net	733,371	724,800
Manufactured Housing [Member]
Loans held for investment [Abstract]
Loans held for investment, gross	263,484	257,247
Allowance for loan losses	(2,364)	(2,184)	(2,188)	(2,196)
Commercial Real Estate [Member]
Loans held for investment [Abstract]
Loans held for investment, gross	391,207	385,642
Allowance for loan losses	(5,484)	(5,217)	(5,058)	(5,028)
Commercial [Member]
Loans held for investment [Abstract]
Loans held for investment, gross	68,271	69,843
Allowance for loan losses	(1,164)	(1,162)	(1,219)	(1,210)
SBA [Member]
Loans held for investment [Abstract]
Loans held for investment, gross	4,019	4,429
Allowance for loan losses	(29)	(32)	(44)	(79)
HELOC [Member]
Loans held for investment [Abstract]
Loans held for investment, gross	4,196	4,531
Allowance for loan losses	(27)	(27)	(48)	(90)
Single Family Real Estate [Member]
Loans held for investment [Abstract]
Loans held for investment, gross	11,357	11,845
Allowance for loan losses	(96)	(92)	(91)	(88)
Consumer [Member]
Loans held for investment [Abstract]
Loans held for investment, gross	71	94
Allowance for loan losses	$ (3)	$ (3)	$ 0	$ 0

LOANS HELD FOR INVESTMENT, Fina

LOANS HELD FOR INVESTMENT, Financing Receivables Past Due (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Aging of loans held for investment [Abstract]
Current	$ 739,249	$ 729,005
Total past due	440	1,947
Nonaccrual	2,916	2,679
Total loans held for investment	742,605	733,631
Recorded investment over 90 days and accruing	0	0
30-59 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total past due	389	1,701
60-89 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total past due	51	246
Over 90 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total past due	0	0
Manufactured Housing [Member]
Aging of loans held for investment [Abstract]
Current	262,159	256,251
Total past due	396	402
Nonaccrual	929	594
Total loans held for investment	263,484	257,247
Recorded investment over 90 days and accruing	0	0
Manufactured Housing [Member] | 30-59 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total past due	362	156
Manufactured Housing [Member] | 60-89 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total past due	34	246
Manufactured Housing [Member] | Over 90 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total past due	0	0
Commercial Real Estate [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	391,207	385,642
Commercial Real Estate [Member] | Commercial Real Estate [Member]
Aging of loans held for investment [Abstract]
Current	329,864	327,255
Total past due	0	0
Nonaccrual	84	84
Total loans held for investment	329,948	327,339
Recorded investment over 90 days and accruing	0	0
Commercial Real Estate [Member] | Commercial Real Estate [Member] | 30-59 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total past due	0	0
Commercial Real Estate [Member] | Commercial Real Estate [Member] | 60-89 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total past due	0	0
Commercial Real Estate [Member] | Commercial Real Estate [Member] | Over 90 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total past due	0	0
Commercial Real Estate [Member] | SBA 504 1st Trust Deed [Member]
Aging of loans held for investment [Abstract]
Current	21,450	17,151
Total past due	0	1,401
Nonaccrual	0	0
Total loans held for investment	21,450	18,552
Recorded investment over 90 days and accruing	0	0
Commercial Real Estate [Member] | SBA 504 1st Trust Deed [Member] | 30-59 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total past due	0	1,401
Commercial Real Estate [Member] | SBA 504 1st Trust Deed [Member] | 60-89 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total past due	0	0
Commercial Real Estate [Member] | SBA 504 1st Trust Deed [Member] | Over 90 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total past due	0	0
Commercial Real Estate [Member] | Land [Member]
Aging of loans held for investment [Abstract]
Current	4,862	4,457
Total past due	0	0
Nonaccrual	0	0
Total loans held for investment	4,862	4,457
Recorded investment over 90 days and accruing	0	0
Commercial Real Estate [Member] | Land [Member] | 30-59 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total past due	0	0
Commercial Real Estate [Member] | Land [Member] | 60-89 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total past due	0	0
Commercial Real Estate [Member] | Land [Member] | Over 90 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total past due	0	0
Commercial Real Estate [Member] | Construction [Member]
Aging of loans held for investment [Abstract]
Current	34,947	35,294
Total past due	0	0
Nonaccrual	0	0
Total loans held for investment	34,947	35,294
Recorded investment over 90 days and accruing	0	0
Commercial Real Estate [Member] | Construction [Member] | 30-59 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total past due	0	0
Commercial Real Estate [Member] | Construction [Member] | 60-89 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total past due	0	0
Commercial Real Estate [Member] | Construction [Member] | Over 90 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total past due	0	0
Commercial [Member]
Aging of loans held for investment [Abstract]
Current	66,725	68,224
Total past due	1	0
Nonaccrual	1,545	1,619
Total loans held for investment	68,271	69,843
Recorded investment over 90 days and accruing	0	0
Commercial [Member] | 30-59 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total past due	1	0
Commercial [Member] | 60-89 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total past due	0	0
Commercial [Member] | Over 90 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total past due	0	0
SBA [Member]
Aging of loans held for investment [Abstract]
Current	3,644	3,935
Total past due	17	112
Nonaccrual	358	382
Total loans held for investment	4,019	4,429
Recorded investment over 90 days and accruing	0	0
SBA [Member] | 30-59 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total past due	0	112
SBA [Member] | 60-89 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total past due	17	0
SBA [Member] | Over 90 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total past due	0	0
HELOC [Member]
Aging of loans held for investment [Abstract]
Current	4,196	4,531
Total past due	0	0
Nonaccrual	0	0
Total loans held for investment	4,196	4,531
Recorded investment over 90 days and accruing	0	0
HELOC [Member] | 30-59 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total past due	0	0
HELOC [Member] | 60-89 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total past due	0	0
HELOC [Member] | Over 90 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total past due	0	0
Single Family Real Estate [Member]
Aging of loans held for investment [Abstract]
Current	11,331	11,813
Total past due	26	32
Nonaccrual	0	0
Total loans held for investment	11,357	11,845
Recorded investment over 90 days and accruing	0	0
Single Family Real Estate [Member] | 30-59 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total past due	26	32
Single Family Real Estate [Member] | 60-89 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total past due	0	0
Single Family Real Estate [Member] | Over 90 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total past due	0	0
Consumer [Member]
Aging of loans held for investment [Abstract]
Current	71	94
Total past due	0	0
Nonaccrual	0	0
Total loans held for investment	71	94
Recorded investment over 90 days and accruing	0	0
Consumer [Member] | 30-59 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total past due	0	0
Consumer [Member] | 60-89 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total past due	0	0
Consumer [Member] | Over 90 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total past due	$ 0	$ 0

LOANS HELD FOR INVESTMENT, Allo

LOANS HELD FOR INVESTMENT, Allowance for Credit Losses by Portfolio Type (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Summary of allowance for loan losses [Roll Forward]
Beginning balance	$ 8,717	$ 8,691
Charge-offs	0	(17)
Recoveries	58	31
Net recoveries	58	14
Provision (credit)	392	(57)
Ending balance	9,167	8,648
Reserve for credit losses on undisbursed loans	76		$ 85
Manufactured Housing [Member]
Summary of allowance for loan losses [Roll Forward]
Beginning balance	2,184	2,196
Charge-offs	0	0
Recoveries	6	6
Net recoveries	6	6
Provision (credit)	174	(14)
Ending balance	2,364	2,188
Commercial Real Estate [Member]
Summary of allowance for loan losses [Roll Forward]
Beginning balance	5,217	5,028
Charge-offs	0	0
Recoveries	20	0
Net recoveries	20	0
Provision (credit)	247	30
Ending balance	5,484	5,058
Commercial [Member]
Summary of allowance for loan losses [Roll Forward]
Beginning balance	1,162	1,210
Charge-offs	0	(17)
Recoveries	27	19
Net recoveries	27	2
Provision (credit)	(25)	7
Ending balance	1,164	1,219
SBA [Member]
Summary of allowance for loan losses [Roll Forward]
Beginning balance	32	79
Charge-offs	0	0
Recoveries	3	5
Net recoveries	3	5
Provision (credit)	(6)	(40)
Ending balance	29	44
HELOC [Member]
Summary of allowance for loan losses [Roll Forward]
Beginning balance	27	90
Charge-offs	0	0
Recoveries	2	1
Net recoveries	2	1
Provision (credit)	(2)	(43)
Ending balance	27	48
Single Family Real Estate [Member]
Summary of allowance for loan losses [Roll Forward]
Beginning balance	92	88
Charge-offs	0	0
Recoveries	0	0
Net recoveries	0	0
Provision (credit)	4	3
Ending balance	96	91
Consumer [Member]
Summary of allowance for loan losses [Roll Forward]
Beginning balance	3	0
Charge-offs	0	0
Recoveries	0	0
Net recoveries	0	0
Provision (credit)	0	0
Ending balance	$ 3	$ 0

LOANS HELD FOR INVESTMENT, Impa

LOANS HELD FOR INVESTMENT, Impaired Financing Receivables (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Recorded Investment [Abstract]
Impaired loans with an allowance recorded	$ 5,792	$ 6,172
Impaired loans with no allowance recorded	6,682	6,656
Total loans individually evaluated for impairment	12,474	12,828
Loans collectively evaluated for impairment	730,131	720,803
Total loans held for investment	742,605	733,631
Unpaid Principal Balance [Abstract]
Impaired loans with an allowance recorded	5,792	6,172
Impaired loans with no allowance recorded	8,234	8,268
Total loans individually evaluated for impairment	14,026	14,440
Loans collectively evaluated for impairment	730,131	720,803
Total loans held for investment	744,157	735,243
Related Allowance for Credit Losses [Abstract]
Impaired loans with an allowance recorded	341	352
Impaired loans with no allowance recorded	0	0
Total loans individually evaluated for impairment	341	352
Loans collectively evaluated for impairment	8,826	8,365
Total loans held for investment	9,167	8,717
Impaired loans with a specific valuation allowance under ASC 310	5,792	6,172
Impaired loans without a specific valuation allowance under ASC 310	6,682	6,656
Total impaired loans	12,474	12,828
Valuation allowance related to impaired loans	341	352
Loans Guaranteed by Government Agencies [Member]
Related Allowance for Credit Losses [Abstract]
Total impaired loans	500	600
Manufactured Housing [Member]
Recorded Investment [Abstract]
Impaired loans with an allowance recorded	5,327	5,702
Impaired loans with no allowance recorded	2,467	2,296
Total loans individually evaluated for impairment	7,794	7,998
Loans collectively evaluated for impairment	255,690	249,249
Total loans held for investment	263,484	257,247
Unpaid Principal Balance [Abstract]
Impaired loans with an allowance recorded	5,327	5,702
Impaired loans with no allowance recorded	3,336	3,134
Total loans individually evaluated for impairment	8,663	8,836
Loans collectively evaluated for impairment	255,690	249,249
Total loans held for investment	264,353	258,085
Related Allowance for Credit Losses [Abstract]
Impaired loans with an allowance recorded	324	334
Impaired loans with no allowance recorded	0	0
Total loans individually evaluated for impairment	324	334
Loans collectively evaluated for impairment	2,040	1,850
Total loans held for investment	2,364	2,184
Impaired loans with a specific valuation allowance under ASC 310	5,327	5,702
Impaired loans without a specific valuation allowance under ASC 310	2,467	2,296
Total impaired loans	7,794	7,998
Valuation allowance related to impaired loans	324	334
Commercial Real Estate [Member]
Recorded Investment [Abstract]
Impaired loans with an allowance recorded	0	0
Impaired loans with no allowance recorded	316	318
Total loans individually evaluated for impairment	316	318
Loans collectively evaluated for impairment	390,891	385,324
Total loans held for investment	391,207	385,642
Unpaid Principal Balance [Abstract]
Impaired loans with an allowance recorded	0	0
Impaired loans with no allowance recorded	382	384
Total loans individually evaluated for impairment	382	384
Loans collectively evaluated for impairment	390,891	385,324
Total loans held for investment	391,273	385,708
Related Allowance for Credit Losses [Abstract]
Impaired loans with an allowance recorded	0	0
Impaired loans with no allowance recorded	0	0
Total loans individually evaluated for impairment	0	0
Loans collectively evaluated for impairment	5,484	5,217
Total loans held for investment	5,484	5,217
Impaired loans with a specific valuation allowance under ASC 310	0	0
Impaired loans without a specific valuation allowance under ASC 310	316	318
Valuation allowance related to impaired loans	0	0
Commercial [Member]
Recorded Investment [Abstract]
Impaired loans with an allowance recorded	0	0
Impaired loans with no allowance recorded	1,694	1,802
Total loans individually evaluated for impairment	1,694	1,802
Loans collectively evaluated for impairment	66,577	68,041
Total loans held for investment	68,271	69,843
Unpaid Principal Balance [Abstract]
Impaired loans with an allowance recorded	0	0
Impaired loans with no allowance recorded	1,950	2,156
Total loans individually evaluated for impairment	1,950	2,156
Loans collectively evaluated for impairment	66,577	68,041
Total loans held for investment	68,527	70,197
Related Allowance for Credit Losses [Abstract]
Impaired loans with an allowance recorded	0	0
Impaired loans with no allowance recorded	0	0
Total loans individually evaluated for impairment	0	0
Loans collectively evaluated for impairment	1,164	1,162
Total loans held for investment	1,164	1,162
Impaired loans with a specific valuation allowance under ASC 310	0	0
Impaired loans without a specific valuation allowance under ASC 310	1,694	1,802
Total impaired loans	1,694	1,802
Valuation allowance related to impaired loans	0	0
SBA [Member]
Recorded Investment [Abstract]
Impaired loans with an allowance recorded	0	0
Impaired loans with no allowance recorded	357	382
Total loans individually evaluated for impairment	357	382
Loans collectively evaluated for impairment	3,662	4,047
Total loans held for investment	4,019	4,429
Unpaid Principal Balance [Abstract]
Impaired loans with an allowance recorded	0	0
Impaired loans with no allowance recorded	718	736
Total loans individually evaluated for impairment	718	736
Loans collectively evaluated for impairment	3,662	4,047
Total loans held for investment	4,380	4,783
Related Allowance for Credit Losses [Abstract]
Impaired loans with an allowance recorded	0	0
Impaired loans with no allowance recorded	0	0
Total loans individually evaluated for impairment	0	0
Loans collectively evaluated for impairment	29	32
Total loans held for investment	29	32
Impaired loans with a specific valuation allowance under ASC 310	0	0
Impaired loans without a specific valuation allowance under ASC 310	357	382
Total impaired loans	357	382
Valuation allowance related to impaired loans	0	0
HELOC [Member]
Recorded Investment [Abstract]
Impaired loans with an allowance recorded	0	0
Impaired loans with no allowance recorded	0	0
Total loans individually evaluated for impairment	0	0
Loans collectively evaluated for impairment	4,196	4,531
Total loans held for investment	4,196	4,531
Unpaid Principal Balance [Abstract]
Impaired loans with an allowance recorded	0	0
Impaired loans with no allowance recorded	0	0
Total loans individually evaluated for impairment	0	0
Loans collectively evaluated for impairment	4,196	4,531
Total loans held for investment	4,196	4,531
Related Allowance for Credit Losses [Abstract]
Impaired loans with an allowance recorded	0	0
Impaired loans with no allowance recorded	0	0
Total loans individually evaluated for impairment	0	0
Loans collectively evaluated for impairment	27	27
Total loans held for investment	27	27
Impaired loans with a specific valuation allowance under ASC 310	0	0
Impaired loans without a specific valuation allowance under ASC 310	0	0
Total impaired loans	0	0
Valuation allowance related to impaired loans	0	0
Single Family Real Estate [Member]
Recorded Investment [Abstract]
Impaired loans with an allowance recorded	465	470
Impaired loans with no allowance recorded	1,848	1,858
Total loans individually evaluated for impairment	2,313	2,328
Loans collectively evaluated for impairment	9,044	9,517
Total loans held for investment	11,357	11,845
Unpaid Principal Balance [Abstract]
Impaired loans with an allowance recorded	465	470
Impaired loans with no allowance recorded	1,848	1,858
Total loans individually evaluated for impairment	2,313	2,328
Loans collectively evaluated for impairment	9,044	9,517
Total loans held for investment	11,357	11,845
Related Allowance for Credit Losses [Abstract]
Impaired loans with an allowance recorded	17	18
Impaired loans with no allowance recorded	0	0
Total loans individually evaluated for impairment	17	18
Loans collectively evaluated for impairment	79	74
Total loans held for investment	96	92
Impaired loans with a specific valuation allowance under ASC 310	465	470
Impaired loans without a specific valuation allowance under ASC 310	1,848	1,858
Total impaired loans	2,313	2,328
Valuation allowance related to impaired loans	17	18
Consumer [Member]
Recorded Investment [Abstract]
Impaired loans with an allowance recorded	0	0
Impaired loans with no allowance recorded	0	0
Total loans individually evaluated for impairment	0	0
Loans collectively evaluated for impairment	71	94
Total loans held for investment	71	94
Unpaid Principal Balance [Abstract]
Impaired loans with an allowance recorded	0	0
Impaired loans with no allowance recorded	0	0
Total loans individually evaluated for impairment	0	0
Loans collectively evaluated for impairment	71	94
Total loans held for investment	71	94
Related Allowance for Credit Losses [Abstract]
Impaired loans with an allowance recorded	0	0
Impaired loans with no allowance recorded	0	0
Total loans individually evaluated for impairment	0	0
Loans collectively evaluated for impairment	3	3
Total loans held for investment	3	3
Impaired loans with a specific valuation allowance under ASC 310	0	0
Impaired loans without a specific valuation allowance under ASC 310	0	0
Total impaired loans	0	0
Valuation allowance related to impaired loans	$ 0	$ 0

LOANS HELD FOR INVESTMENT, Im_2

LOANS HELD FOR INVESTMENT, Impaired Loans by Class of Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Impaired financing receivable recorded investment net [Abstract]
Impaired loans	$ 12,474	$ 12,828
Manufactured Housing [Member]
Impaired financing receivable recorded investment net [Abstract]
Impaired loans	7,794	7,998
Commercial Real Estate [Member] | Commercial Real Estate [Member]
Impaired financing receivable recorded investment net [Abstract]
Impaired loans	84	84
Commercial Real Estate [Member] | SBA 504 1st Trust Deed [Member]
Impaired financing receivable recorded investment net [Abstract]
Impaired loans	232	234
Commercial Real Estate [Member] | Land [Member]
Impaired financing receivable recorded investment net [Abstract]
Impaired loans	0	0
Commercial Real Estate [Member] | Construction [Member]
Impaired financing receivable recorded investment net [Abstract]
Impaired loans	0	0
Commercial [Member]
Impaired financing receivable recorded investment net [Abstract]
Impaired loans	1,694	1,802
SBA [Member]
Impaired financing receivable recorded investment net [Abstract]
Impaired loans	357	382
HELOC [Member]
Impaired financing receivable recorded investment net [Abstract]
Impaired loans	0	0
Single Family Real Estate [Member]
Impaired financing receivable recorded investment net [Abstract]
Impaired loans	2,313	2,328
Consumer [Member]
Impaired financing receivable recorded investment net [Abstract]
Impaired loans	$ 0	$ 0

LOANS HELD FOR INVESTMENT, Aver

LOANS HELD FOR INVESTMENT, Average Investment in Impaired Loans by Class (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Average recorded investment and interest income recognized [Abstract]
Average investment in impaired loans	$ 12,695	$ 21,897
Interest income	172	252
Manufactured Housing [Member]
Average recorded investment and interest income recognized [Abstract]
Average investment in impaired loans	7,923	10,386
Interest income	135	166
Commercial Real Estate [Member] | Commercial Real Estate [Member]
Average recorded investment and interest income recognized [Abstract]
Average investment in impaired loans	84	98
Interest income	0	0
Commercial Real Estate [Member] | SBA 504 1st Trust Deed [Member]
Average recorded investment and interest income recognized [Abstract]
Average investment in impaired loans	234	239
Interest income	4	4
Commercial Real Estate [Member] | Land [Member]
Average recorded investment and interest income recognized [Abstract]
Average investment in impaired loans	0	0
Interest income	0	0
Commercial Real Estate [Member] | Construction [Member]
Average recorded investment and interest income recognized [Abstract]
Average investment in impaired loans	0	0
Interest income	0	0
Commercial [Member]
Average recorded investment and interest income recognized [Abstract]
Average investment in impaired loans	1,754	7,573
Interest income	2	43
SBA [Member]
Average recorded investment and interest income recognized [Abstract]
Average investment in impaired loans	371	790
Interest income	0	0
HELOC [Member]
Average recorded investment and interest income recognized [Abstract]
Average investment in impaired loans	0	193
Interest income	0	5
Single Family Real Estate [Member]
Average recorded investment and interest income recognized [Abstract]
Average investment in impaired loans	2,329	2,618
Interest income	31	34
Consumer [Member]
Average recorded investment and interest income recognized [Abstract]
Average investment in impaired loans	0	0
Interest income	$ 0	$ 0

LOANS HELD FOR INVESTMENT, Reco

LOANS HELD FOR INVESTMENT, Recorded Investment in Certain Types of Loans (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Financing receivable recorded investment [Abstract]
Nonaccrual loans	$ 2,916		$ 2,679
Government guaranteed portion of loans included above	272		290
Troubled debt restructured loans, gross	10,451		10,774
Loans 30 through 89 days past due with interest accruing	440		1,947
Loans 90 days or more past due with interest accruing	$ 0		$ 0
Allowance for loan losses to gross loans held for investment	1.23%		1.19%
Period past due after which accrual of interest is discontinued	90 days
Foregone interest on nonaccrual and troubled debt restructured loans	$ 100	$ 100

LOANS HELD FOR INVESTMENT, Nona

LOANS HELD FOR INVESTMENT, Nonaccrual Loans, Net of SBA Guarantee (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Composition of Nonaccrual Loans, net of SBA guarantee [Abstract]
Nonaccrual loans	$ 2,916	$ 2,679
Period past due after which guaranteed portion of SBA loan is repurchased from investors	120 days
Loans Guaranteed by Government Agencies [Member]
Composition of Nonaccrual Loans, net of SBA guarantee [Abstract]
Nonaccrual loans	$ 300	300
Manufactured Housing [Member]
Composition of Nonaccrual Loans, net of SBA guarantee [Abstract]
Nonaccrual loans	929	594
Commercial Real Estate [Member] | Commercial Real Estate [Member]
Composition of Nonaccrual Loans, net of SBA guarantee [Abstract]
Nonaccrual loans	84	84
Commercial Real Estate [Member] | SBA 504 1st Trust Deed [Member]
Composition of Nonaccrual Loans, net of SBA guarantee [Abstract]
Nonaccrual loans	0	0
Commercial Real Estate [Member] | Land [Member]
Composition of Nonaccrual Loans, net of SBA guarantee [Abstract]
Nonaccrual loans	0	0
Commercial Real Estate [Member] | Construction [Member]
Composition of Nonaccrual Loans, net of SBA guarantee [Abstract]
Nonaccrual loans	0	0
Commercial [Member]
Composition of Nonaccrual Loans, net of SBA guarantee [Abstract]
Nonaccrual loans	1,545	1,619
SBA [Member]
Composition of Nonaccrual Loans, net of SBA guarantee [Abstract]
Nonaccrual loans	358	382
HELOC [Member]
Composition of Nonaccrual Loans, net of SBA guarantee [Abstract]
Nonaccrual loans	0	0
Single Family Real Estate [Member]
Composition of Nonaccrual Loans, net of SBA guarantee [Abstract]
Nonaccrual loans	0	0
Consumer [Member]
Composition of Nonaccrual Loans, net of SBA guarantee [Abstract]
Nonaccrual loans	$ 0	$ 0

LOANS HELD FOR INVESTMENT, Gros

LOANS HELD FOR INVESTMENT, Gross Loans by Risk Rating (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Gross loans by risk rating [Abstract]
Total loans held for investment, net	$ 741,180	$ 731,234
Total loans held for investment	742,605	733,631
Pass [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	730,842	721,534
Total loans held for investment	730,842	721,534
Special Mention [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	3,274	3,705
Total loans held for investment	3,274	5,235
Substandard [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	7,064	5,995
Total loans held for investment	8,489	6,862
Doubtful [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	0	0
Total loans held for investment	0	0
Government Guarantee [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	1,425	2,397
Government Guarantee [Member] | Pass [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	0	0
Government Guarantee [Member] | Special Mention [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	0	1,530
Government Guarantee [Member] | Substandard [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	1,425	867
Government Guarantee [Member] | Doubtful [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	0	0
Manufactured Housing [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	263,484	257,247
Total loans held for investment	263,484	257,247
Manufactured Housing [Member] | Pass [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	262,356	256,430
Manufactured Housing [Member] | Special Mention [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	0	0
Manufactured Housing [Member] | Substandard [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	1,128	817
Manufactured Housing [Member] | Doubtful [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	0	0
Commercial Real Estate [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	391,207	385,642
Commercial Real Estate [Member] | Commercial Real Estate [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	329,948	327,339
Total loans held for investment	329,948	327,339
Commercial Real Estate [Member] | Commercial Real Estate [Member] | Pass [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	326,383	323,748
Commercial Real Estate [Member] | Commercial Real Estate [Member] | Special Mention [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	1,926	3,507
Commercial Real Estate [Member] | Commercial Real Estate [Member] | Substandard [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	1,639	84
Commercial Real Estate [Member] | Commercial Real Estate [Member] | Doubtful [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	0	0
Commercial Real Estate [Member] | SBA 504 1st Trust Deed [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	21,449	18,552
Total loans held for investment	21,450	18,552
Commercial Real Estate [Member] | SBA 504 1st Trust Deed [Member] | Pass [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	20,815	18,250
Commercial Real Estate [Member] | SBA 504 1st Trust Deed [Member] | Special Mention [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	338	0
Commercial Real Estate [Member] | SBA 504 1st Trust Deed [Member] | Substandard [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	296	302
Commercial Real Estate [Member] | SBA 504 1st Trust Deed [Member] | Doubtful [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	0	0
Commercial Real Estate [Member] | Land [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	4,862	4,457
Total loans held for investment	4,862	4,457
Commercial Real Estate [Member] | Land [Member] | Pass [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	4,862	4,457
Commercial Real Estate [Member] | Land [Member] | Special Mention [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	0	0
Commercial Real Estate [Member] | Land [Member] | Substandard [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	0	0
Commercial Real Estate [Member] | Land [Member] | Doubtful [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	0	0
Commercial Real Estate [Member] | Construction [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	34,947	35,294
Total loans held for investment	34,947	35,294
Commercial Real Estate [Member] | Construction [Member] | Pass [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	32,856	33,280
Commercial Real Estate [Member] | Construction [Member] | Special Mention [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	0	0
Commercial Real Estate [Member] | Construction [Member] | Substandard [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	2,091	2,014
Commercial Real Estate [Member] | Construction [Member] | Doubtful [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	0	0
Commercial [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	68,271	69,843
Commercial [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	67,681	68,314
Commercial [Member] | Pass [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	65,060	66,525
Commercial [Member] | Special Mention [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	1,010	170
Commercial [Member] | Substandard [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	1,611	1,619
Commercial [Member] | Doubtful [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	0	0
SBA [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	3,185	3,561
SBA [Member] | Pass [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	2,891	2,379
SBA [Member] | Special Mention [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	0	28
SBA [Member] | Substandard [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	294	1,154
SBA [Member] | Doubtful [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	0	0
HELOC [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	4,196	4,531
Total loans held for investment	4,196	4,531
HELOC [Member] | Pass [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	4,196	4,531
HELOC [Member] | Special Mention [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	0	0
HELOC [Member] | Substandard [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	0	0
HELOC [Member] | Doubtful [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	0	0
Single Family Real Estate [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	11,357	11,845
Total loans held for investment	11,357	11,845
Single Family Real Estate [Member] | Pass [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	11,352	11,840
Single Family Real Estate [Member] | Special Mention [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	0	0
Single Family Real Estate [Member] | Substandard [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	5	5
Single Family Real Estate [Member] | Doubtful [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	0	0
Consumer [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	71	94
Total loans held for investment	71	94
Consumer [Member] | Pass [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	71	94
Consumer [Member] | Special Mention [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	0	0
Consumer [Member] | Substandard [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	0	0
Consumer [Member] | Doubtful [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	$ 0	$ 0

LOANS HELD FOR INVESTMENT, Trou

LOANS HELD FOR INVESTMENT, Troubled Debt Restructuring (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)Loan	Mar. 31, 2019USD ($)Loan	Dec. 31, 2019USD ($)
Troubled Debt Restructured Loans [Abstract]
Number of loans | Loan	1	1
Pre-modification recorded investment	$ 56	$ 48
Post modification recorded investment	56	48
Balance of loans	10,451		$ 10,774
Effect on allowance for loan losses	$ 1	$ 0
Rate concession	1.00%	2.00%
Term extension	181 months	47 months
Rate Reduction [Member]
Troubled Debt Restructured Loans [Abstract]
Balance of loans	$ 56	$ 48
Term Extension [Member]
Troubled Debt Restructured Loans [Abstract]
Balance of loans	$ 56	$ 0
Manufactured Housing [Member]
Troubled Debt Restructured Loans [Abstract]
Number of loans | Loan	1
Pre-modification recorded investment	$ 56
Post modification recorded investment	56
Effect on allowance for loan losses	1
Manufactured Housing [Member] | Rate Reduction [Member]
Troubled Debt Restructured Loans [Abstract]
Balance of loans	56
Manufactured Housing [Member] | Term Extension [Member]
Troubled Debt Restructured Loans [Abstract]
Balance of loans	$ 56
SBA [Member]
Troubled Debt Restructured Loans [Abstract]
Number of loans | Loan		1
Pre-modification recorded investment		$ 48
Post modification recorded investment		48
Effect on allowance for loan losses		0
SBA [Member] | Rate Reduction [Member]
Troubled Debt Restructured Loans [Abstract]
Balance of loans		48
SBA [Member] | Term Extension [Member]
Troubled Debt Restructured Loans [Abstract]
Balance of loans		$ 0

LOANS HELD FOR INVESTMENT, Tr_2

LOANS HELD FOR INVESTMENT, Trouble Debt Restructured Loans With Payment Defaults (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)Nonpayment
LOANS HELD FOR INVESTMENT [Abstract]
Number of consecutive non-payments for a TDR loan to be deemed default | Nonpayment	2
Trouble debt restructurings with payment defaults | $	$ 0

OTHER ASSETS ACQUIRED THROUGH_3

OTHER ASSETS ACQUIRED THROUGH FORECLOSURE (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
OTHER ASSETS ACQUIRED THROUGH FORECLOSURE [Abstract]
Balance, beginning of period	$ 2,524	$ 0
Additions	106	0
Proceeds from dispositions	0	0
Gain (loss) on foreclosed assets, net	77	0
Third-party portion of writedown/loss	0	0
Balance, end of period	$ 2,707	$ 0

FAIR VALUE MEASUREMENT, Fair Va

FAIR VALUE MEASUREMENT, Fair Value of Assets Measured on Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Assets [Abstract]
Investment securities - measured at fair value	$ 111	$ 167
Recurring [Member]
Assets [Abstract]
Investment securities - measured at fair value	111	167
Investment securities available-for-sale	18,059	19,264
Interest only strips	38	41
Servicing assets	970	846
Total	19,178	20,318
Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Assets [Abstract]
Investment securities - measured at fair value	111	167
Investment securities available-for-sale	0	0
Interest only strips	0	0
Servicing assets	0	0
Total	111	167
Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member]
Assets [Abstract]
Investment securities - measured at fair value	0	0
Investment securities available-for-sale	18,059	19,264
Interest only strips	0	0
Servicing assets	0	0
Total	18,059	19,264
Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member]
Assets [Abstract]
Investment securities - measured at fair value	0	0
Investment securities available-for-sale	0	0
Interest only strips	38	41
Servicing assets	970	846
Total	$ 1,008	$ 887

FAIR VALUE MEASUREMENT, Assets

FAIR VALUE MEASUREMENT, Assets Measured on Non-recurring Basis (Details) - Non-recurring [Member] - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Summary of fair value measurements of assets measured on a non-recurring basis [Abstract]
Impaired loans	$ 2,506	$ 2,334
Loans held for sale	42,942	42,900
Foreclosed real estate and repossessed assets	2,707	2,524
Total	48,155	47,758
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Summary of fair value measurements of assets measured on a non-recurring basis [Abstract]
Impaired loans	0	0
Loans held for sale	0	0
Foreclosed real estate and repossessed assets	0	0
Total	0	0
Significant Other Observable Inputs (Level 2) [Member]
Summary of fair value measurements of assets measured on a non-recurring basis [Abstract]
Impaired loans	2,506	2,334
Loans held for sale	42,942	42,900
Foreclosed real estate and repossessed assets	2,707	2,524
Total	48,155	47,758
Significant Unobservable Inputs (Level 3) [Member]
Summary of fair value measurements of assets measured on a non-recurring basis [Abstract]
Impaired loans	0	0
Loans held for sale	0	0
Foreclosed real estate and repossessed assets	0	0
Total	$ 0	$ 0

FAIR VALUE MEASUREMENT, Fair _2

FAIR VALUE MEASUREMENT, Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Loans Held for Sale [Abstract]
Loans held-for-sale at carrying value	$ 39,458	$ 42,046
Carrying Amount [Member]
Financial assets [Abstract]
Cash and cash equivalents	89,665	82,661
FRB and FHLB stock	4,343	4,087
Investment securities	23,909	25,563
Loans, net	772,829	766,846
Financial liabilities [Abstract]
Deposits	711,599	750,934
Other borrowings	115,000	65,000
Fair Value [Member]
Financial assets [Abstract]
Cash and cash equivalents	89,665	82,661
FRB and FHLB stock	4,343	4,087
Investment securities	24,189	25,566
Loans, net	777,217	762,194
Financial liabilities [Abstract]
Deposits	752,858	751,398
Other borrowings	105,674	65,236
Fair Value [Member] | Level 1 [Member]
Financial assets [Abstract]
Cash and cash equivalents	89,665	82,661
FRB and FHLB stock	0	0
Investment securities	111	167
Loans, net	0	0
Financial liabilities [Abstract]
Deposits	0	0
Other borrowings	0	0
Fair Value [Member] | Level 2 [Member]
Financial assets [Abstract]
Cash and cash equivalents	0	0
FRB and FHLB stock	4,343	4,087
Investment securities	24,078	25,399
Loans, net	767,822	752,287
Financial liabilities [Abstract]
Deposits	752,858	751,398
Other borrowings	105,674	65,236
Fair Value [Member] | Level 3 [Member]
Financial assets [Abstract]
Cash and cash equivalents	0	0
FRB and FHLB stock	0	0
Investment securities	0	0
Loans, net	9,395	9,907
Financial liabilities [Abstract]
Deposits	0	0
Other borrowings	0	0
Standby Letters of Credit [Member]
Off-balance sheet instruments [Abstract]
Off-balance sheet risks outstanding	600	0
Unfunded Loan Commitments [Member]
Off-balance sheet instruments [Abstract]
Off-balance sheet risks outstanding	$ 59,800	$ 57,500

OTHER BORROWINGS (Details)

OTHER BORROWINGS (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019	Jul. 31, 2019
Financial Home Loan Bank Advances [Abstract]
FHLB advances	$ 105		$ 65
Letter of credit with FHLB	89.3
Securities pledged to FHLB	23.8		25.6
Loans pledged to FHLB	329.9		324.2
Available for additional borrowing	32.9		60.5
Total FHLB interest expense	0.4	$ 0.3
Federal Funds Purchased Lines [Abstract]
Federal funds borrowing lines at correspondent banks	20
Federal funds amount outstanding	$ 0		0
Federal Reserve Bank Advances [Member]
Line of Credit [Abstract]
Period for advances to be collateralized	28 days
Available borrowing capacity	$ 110.7		$ 108.6
Line of Credit [Member]
Line of Credit [Abstract]
Maximum borrowing capacity				$ 10
Percentage of compensating deposit with the lender	25.00%
Required compensating deposit	$ 2.5
Minimum debt service coverage ratio	1.65
Minimum Tier 1 leverage ratio	7.00%
Minimum total risk-based capital ratio	10.00%
Outstanding balance	$ 10
Interest rate	5.33%

STOCKHOLDERS' EQUITY, Changes i

STOCKHOLDERS' EQUITY, Changes in Other Comprehensive Income (Loss) by Component (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Changes in other comprehensive income (loss) by component, net of tax [Roll Forward]
Balance	$ 81,978	$ 76,151
Net other comprehensive (loss) income	(34)	7
Balance	83,161	76,453
Unrealized Holding Gains (Losses) on AFS [Member]
Changes in other comprehensive income (loss) by component, net of tax [Roll Forward]
Balance	(78)	(141)
Other comprehensive income before reclassifications	(34)	7
Amounts reclassified from accumulated other comprehensive income	0	0
Net other comprehensive (loss) income	(34)	7
Balance	$ (112)	$ (134)

STOCKHOLDERS' EQUITY, Common St

STOCKHOLDERS' EQUITY, Common Stock (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Feb. 28, 2019
Common Stock [Abstract]
Common stock dividend paid	$ 466	$ 424
Common Stock [Member]
Common Stock [Abstract]
Common stock dividend paid	$ 500	$ 500
Common Stock [Member] | Stock Repurchase Program [Member]
Common Stock [Abstract]
Amount of common stock repurchase program authorized			$ 4,500
Common stock shares repurchased to date (in shares)	350,189
Common stock shares repurchased to date, value	$ 3,000
Common stock shares repurchased to date, average price (in dollars per share)	$ 8.71
Common stock shares repurchased during the period (in shares)	0

CAPITAL REQUIREMENT (Details)

CAPITAL REQUIREMENT (Details)	Mar. 31, 2020	Dec. 31, 2019
Regulatory Ratios [Abstract]
Total capital ratio, minimum capital ratios	8.00%	8.00%
Total capital ratio, well-capitalized ratios	10.00%	10.00%
Total capital ratio, minimum capital requirements including fully-phased in capital conservation buffer	10.50%	10.50%
Tier 1 risk-based capital ratio, minimum capital ratios	6.00%	6.00%
Tier 1 risk-based capital ratio, well-capitalized ratios	8.00%	8.00%
Tier 1 risk-based capital ratio, minimum capital requirements including fully-phased in capital conservation buffer	8.50%	8.50%
Common Equity Tier 1 ratio, minimum capital ratios	4.50%	4.50%
Common Equity Tier 1 ratio, well-capitalized ratios	6.50%	6.50%
Common Equity Tier 1 ratio, minimum capital requirements including fully-phased in capital conservation buffer	7.00%	7.00%
Tier 1 leverage ratio, minimum capital ratios	4.00%	4.00%
Community banking leverage ratio, minimum capital requirements	8.00%
Community banking leverage ratio, well-capitalized requirements	9.00%
CWB [Member]
Regulatory Ratios [Abstract]
Total capital ratio	11.60%	11.41%
Tier 1 risk-based capital ratio	10.42%	10.28%
Common Equity Tier 1 ratio	10.42%	10.28%
Tier 1 leverage ratio	9.21%	9.06%
Community banking leverage ratio	9.21%

REVENUE RECOGNITION (Details)

REVENUE RECOGNITION (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Noninterest Income [Abstract]
Non-interest income (in-scope of Topic 606)	$ 160	$ 160
Non-interest income (out-of-scope of Topic 606)	790	444
Total non-interest income	950	604
Service Charges on Deposit Accounts [Member]
Noninterest Income [Abstract]
Non-interest income (in-scope of Topic 606)	120	125
Exchange Fees and Other Service Charges [Member]
Noninterest Income [Abstract]
Non-interest income (in-scope of Topic 606)	$ 40	$ 35

LEASES (Details)

LEASES (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Operating leases [Abstract]
Operating lease, right-of-use assets	$ 6,100
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	us-gaap:OtherAssets
Lease cost [Abstract]
Operating lease cost	$ 277	$ 303
Sublease income	0	0
Total lease cost	277	303
Other information [Abstract]
Cash paid for amounts included in the measurement of lease liabilities	0	0
Operating cash flows from operating leases	$ 274	$ 293
Weighted average remaining lease term - operating leases	9 years 6 months 7 days	10 years 7 months 17 days
Weighted average discount rate - operating leases	3.24%	3.25%
Future minimum operating lease payments [Abstract]
Remainder of fiscal year	$ 741	$ 881
Year one	884	1,104
Year two	779	975
Year three	705	873
Year four	713	802
Year five		813
Thereafter	3,291
Thereafter		4,227
Total future minimum lease payments	7,113	9,675
Less remaining imputed interest	1,021	1,552
Total lease liabilities	$ 6,092	$ 8,123
Operating Lease, Liability, Statement of Financial Position [Extensible List]	us-gaap:OtherLiabilities	us-gaap:OtherLiabilities
Minimum [Member]
Operating leases [Abstract]
Term of operating leases	2 years
Maximum [Member]
Operating leases [Abstract]
Term of operating leases	10 years