Community West Bancshares (CWBC) 10-Q 10 Nov 21 2021 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2021	Oct. 29, 2021
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2021
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q3
Document Transition Report	false
Entity File Number	000-23575
Entity Registrant Name	COMMUNITY WEST BANCSHARES
Entity Central Index Key	0001051343
Entity Incorporation, State or Country Code	CA
Entity Tax Identification Number	77-0446957
Entity Address, Address Line One	445 Pine Avenue
Entity Address, City or Town	Goleta
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	93117
City Area Code	805
Local Phone Number	692-5821
Title of 12(b) Security	Common Stock, no par value
Trading Symbol	CWBC
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		8,616,186

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Assets:
Cash and due from banks and federal funds sold	$ 2,129	$ 1,587
Interest-earning demand in other financial institutions	184,806	58,953
Cash and cash equivalents	186,935	60,540
Investment securities - available-for-sale, at fair value; amortized cost of $20,300 at September 30, 2021 and $17,266 at December 31, 2020	20,489	17,308
Investment securities - held-to-maturity, at amortized cost; fair value of $3,077 at September 30, 2021 and $4,854 at December 31, 2020	2,902	4,586
Investment securities - measured at fair value; amortized cost of $66 at September 30, 2021 and December 31, 2020.	217	149
Federal Home Loan Bank stock, at cost	3,068	3,260
Federal Reserve Bank stock, at cost	1,373	1,373
Loans:
Held for sale, at lower of cost or fair value	24,400	31,229
Held for investment, net of allowance for loan losses of $10,283 at September 30, 2021 and $10,194 at December 31, 2020	855,912	816,154
Total loans	880,312	847,383
Other assets acquired through foreclosure, net	2,572	2,614
Premises and equipment, net	6,657	7,154
Other assets	31,065	31,068
Total assets	1,135,590	975,435
Deposits:
Non-interest-bearing demand	219,826	181,837
Interest-bearing demand	508,020	398,101
Savings	21,202	18,736
Certificates of deposit ($250,000 or more)	15,956	30,536
Other certificates of deposit	166,938	136,975
Total deposits	931,942	766,185
Other borrowings	90,000	105,000
Other liabilities	14,881	15,243
Total liabilities	1,036,823	886,428
Stockholders' equity:
Common stock - no par value, 60,000,000 shares authorized; 8,616,186 shares issued and outstanding at September 30, 2021 and 8,473,063 at December 31, 2020	44,068	42,909
Retained earnings	54,561	46,063
Accumulated other comprehensive income	138	35
Total stockholders' equity	98,767	89,007
Total liabilities and stockholders' equity	$ 1,135,590	$ 975,435

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Assets:
Investment securities available-for-sale, amortized cost	$ 20,300	$ 17,266
Investment securities held-to-maturity, fair value	3,077	4,854
Investment securities measured at fair value, amortized cost	66	66
Loans:
Held for investment, allowance for loan losses	$ 10,283	$ 10,194
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)	8,616,186	8,473,063
Common stock, shares outstanding (in shares)	8,616,186	8,473,063

CONSOLIDATED INCOME STATEMENTS

CONSOLIDATED INCOME STATEMENTS (unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Interest income:
Loans, including fees	$ 11,576	$ 10,909	$ 33,865	$ 32,158
Investment securities and other	259	207	676	710
Total interest income	11,835	11,116	34,541	32,868
Interest expense:
Deposits	708	1,046	2,221	4,668
Other borrowings	198	518	663	1,404
Total interest expense	906	1,564	2,884	6,072
Net interest income	10,929	9,552	31,657	26,796
Provision (credit) for loan losses	7	113	(207)	1,267
Net interest income after provision (credit) for loan losses	10,922	9,439	31,864	25,529
Non-interest income:
Other loan fees	383	539	1,006	1,163
Gains from loan sales, net	118	424	366	711
Document processing fees	145	152	389	384
Service charges	77	75	218	271
Other	317	162	830	413
Total non-interest income	1,040	1,352	2,809	2,942
Non-interest expenses:
Salaries and employee benefits	4,478	4,402	13,422	13,374
Occupancy, net	802	751	2,361	2,285
Professional services	434	460	1,204	1,402
Data processing	292	258	964	801
Depreciation	191	205	594	619
FDIC assessment	127	123	339	400
Advertising and marketing	189	145	536	563
Stock based compensation	63	71	189	251
Other	284	307	780	759
Total non-interest expenses	6,860	6,722	20,389	20,454
Income before provision for income taxes	5,102	4,069	14,284	8,017
Provision for income taxes	1,467	1,209	4,077	2,399
Net income	$ 3,635	$ 2,860	$ 10,207	$ 5,618
Earnings per share:
Basic (in dollars per share)	$ 0.42	$ 0.34	$ 1.19	$ 0.66
Diluted (in dollars per share)	$ 0.41	$ 0.33	$ 1.17	$ 0.66
Weighted average number of common shares outstanding:
Basic (in shares)	8,597	8,473	8,548	8,473
Diluted (in shares)	8,777	8,540	8,699	8,540
Dividends declared per common share (in dollars per share)	$ 0.070	$ 0.045	$ 0.200	$ 0.145

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited) [Abstract]
Net income	$ 3,635	$ 2,860	$ 10,207	$ 5,618
Other comprehensive income (loss), net:
Unrealized income on securities available-for-sale (AFS), net ($5), $29, $44 and $40 for each respective period presented)	(12)	70	103	95
Net other comprehensive (loss) income	(12)	70	103	95
Comprehensive income	$ 3,623	$ 2,930	$ 10,310	$ 5,713

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Other comprehensive income (loss), net:
Unrealized income on securities available-for-sale (AFS), tax effect	$ (5)	$ 29	$ 44	$ 40

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, 2019	$ 42,586	$ (78)	$ 39,470	$ 81,978
Balance (in shares) at Dec. 31, 2019	8,472,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 0	0	5,618	5,618
Exercise of stock options	$ 4	0	0	4
Exercise of stock options (in shares)	1,000
Stock based compensation	$ 251	0	0	251
Stock based compensation (in shares)	0
Dividends on common stock	$ 0	0	(1,229)	(1,229)
Dividends on common stock (in shares)	0
Other comprehensive income (loss), net	$ 0	95	0	95
Balance at Sep. 30, 2020	$ 42,841	17	43,859	86,717
Balance (in shares) at Sep. 30, 2020	8,473,000
Balance at Jun. 30, 2020	$ 42,766	(53)	41,380	84,093
Balance (in shares) at Jun. 30, 2020	8,472,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 0	0	2,860	2,860
Exercise of stock options	$ 4	0	0	4
Exercise of stock options (in shares)	1,000
Stock based compensation	$ 71	0	0	71
Stock based compensation (in shares)	0
Dividends on common stock	$ 0	0	(381)	(381)
Dividends on common stock (in shares)	0
Other comprehensive income (loss), net	$ 0	70	0	70
Balance at Sep. 30, 2020	$ 42,841	17	43,859	86,717
Balance (in shares) at Sep. 30, 2020	8,473,000
Balance at Dec. 31, 2020	$ 42,909	35	46,063	$ 89,007
Balance (in shares) at Dec. 31, 2020	8,473,000			8,473,063
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 0	0	10,207	$ 10,207
Exercise of stock options	$ 970	0	0	970
Exercise of stock options (in shares)	143,000
Stock based compensation	$ 189	0	0	189
Stock based compensation (in shares)	0
Dividends on common stock	$ 0	0	(1,709)	(1,709)
Dividends on common stock (in shares)	0
Other comprehensive income (loss), net	$ 0	103	0	103
Balance at Sep. 30, 2021	$ 44,068	138	54,561	$ 98,767
Balance (in shares) at Sep. 30, 2021	8,616,000			8,616,186
Balance at Jun. 30, 2021	$ 43,780	150	51,527	$ 95,457
Balance (in shares) at Jun. 30, 2021	8,589,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 0	0	3,635	3,635
Exercise of stock options	$ 225	0	0	225
Exercise of stock options (in shares)	27,000
Stock based compensation	$ 63	0	0	63
Stock based compensation (in shares)	0
Dividends on common stock	$ 0	0	(601)	(601)
Dividends on common stock (in shares)	0
Other comprehensive income (loss), net	$ 0	(12)	0	(12)
Balance at Sep. 30, 2021	$ 44,068	$ 138	$ 54,561	$ 98,767
Balance (in shares) at Sep. 30, 2021	8,616,000			8,616,186

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Cash flows from operating activities:
Net income	$ 10,207	$ 5,618
Adjustments to reconcile net income to cash provided by operating activities:
Provision (credit) for loan losses	(207)	1,267
Depreciation	594	619
Stock based compensation	189	251
Deferred income taxes	(299)	(559)
Net accretion of discounts and premiums for investment securities	54	69
(Gains) Losses on:
Sale of loans, net	(366)	(711)
Sale of assets, net	0	25
Loans originated for sale and principal collections, net	6,829	9,484
Changes in:
Investment securities held at fair value	(68)	40
Other assets	(24)	(4,805)
Other liabilities	209	269
Servicing assets, net	(110)	(483)
Net cash provided by operating activities	17,008	11,084
Cash flows from investing activities:
Principal pay downs and maturities of available-for-sale securities	3,189	3,668
Purchase of available-for-sale securities	(6,250)	(3,000)
Principal pay downs and maturities of held-to-maturity securities	1,657	1,359
Loan originations and principal collections, net	(39,322)	(87,573)
Redemption (purchase) of restricted stock, net	192	(546)
Purchase of premises and equipment, net	(97)	(213)
Net cash used in investing activities	(40,631)	(86,305)
Cash flows from financing activities:
Net increase (decrease) in deposits	165,757	(1,754)
Net (decrease) increase in borrowings	(15,000)	125,103
Exercise of stock options	970	4
Cash dividends paid on common stock	(1,709)	(1,229)
Net cash provided by financing activities	150,018	122,124
Net increase cash and cash equivalents	126,395	46,903
Cash and cash equivalents at beginning of period	60,540	82,661
Cash and cash equivalents at end of period	186,935	129,564
Cash paid during the period for:
Interest	3,033	6,470
Income Taxes	4,107	2,595
Non-cash investing and financing activity:
Transfers to other assets acquired through foreclosure, net	136	106
Operating lease right-of-use asset	0	487
Operating lease liability	$ 0	$ 487

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2021
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”) which includes 445 Pine Investments 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. Interim Financial Information The accompanying unaudited consolidated financial statements as of September 30, 2021 and 2020, and for the three and nine months then ended 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, 2020 and for the three and nine months ended September 30, 2020 COVID-19 pandemic update The COVID-19 pandemic, first identified in the United States during the first quarter of 2020, has had adverse effects on the economy in the United States, generally, and in our service area. The assistance of government supported programs under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) and the Consolidated Appropriations Act (CAA), including the Paycheck Protection Program (PPP), have lessened the disruptive effects of the COVID-19 pandemic. Throughout the COVID pandemic, CWB has actively worked to assist clients. Some clients in our service area have experienced increased unemployment, business closures, and slowdowns, especially in the restaurant, hospitality, and recreation industries. This may lead to increased credit ratings downgrades, loan delinquencies, defaults, reductions in asset values, and foreclosures, any of which could have an adverse effect on our business, financial condition, and results of operations. 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 and nine months ended September 30, 2021 and 2020 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 client’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 borrower discontinues making payments as contractually required by the note, the Company must determine whether it is appropriate to continue to accrue interest. Generally, the Company places loans in a nonaccrual status and ceases recognizing interest income when the loan has become delinquent by more than 90 days or when Management determines that the full repayment of principal and collection of interest is unlikely. The Company may decide to continue to accrue interest on certain loans more than 90 days delinquent if they are well secured by collateral and in the process of collection. Other personal loans are typically charged off no later than 120 days delinquent. 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 client 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: 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. Management determines the significance of payment delays or payment shortfalls on a case-by-case basis. When determining the possibility of impairment, management considers the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. For collateral-dependent loans, the Company uses the fair value of collateral method to measure impairment. The collateral-dependent loans that recognize impairment are charged down to the fair value less costs to sell. All other loans are measured for impairment either based on the present value of future cash flows or the loan’s observable market price. Troubled debt restructured loan (“TDR”): A TDR is a loan on which the Company, for reasons related to the borrower’s financial difficulties, grants a concession to the borrower that the Company would not otherwise consider. These concessions include but are not limited to term extensions, rate reductions and principal reductions. Forgiveness of principal is rarely granted and modifications for all classes of loans are predominately term extensions. A TDR loan 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. 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 January 1, 2022 ( the extension of the expiration date was passed as part of the Bipartisan-Bicameral Omnibus COVID Relief Deal on December 21, 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 offered short-term modifications made in response to COVID-19 to borrowers who were current and otherwise not past due. These included short-term, s of September 30, 2021, there were deferred loans outstanding under these short-term modifications. 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 considers 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 Substantially Risk Free – These borrowers have virtually no probability 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 – This rating is for the highest quality borrowers with nominal probability of default or loss given default from the transaction. Typically, this is a borrower with a well-established record of financial performance, a strong equity position, abundant liquidity, and excellent debt service ability. The Borrower’s financial outlook is stable due to a broad range of operations or products and is able to weather an economic downturn without significant impact to liquidity or net worth. Typically, this borrower will be publicly owned or have access to public debt or equity, all investment grade. In addition, these credits will conform in all aspects to established loan policies and procedures, laws, rules, and regulations. Transaction can include marketable securities as collateral, properly margined. Pass/Watch – The loans in the four remaining pass categories range from minimal risk to moderate risk to acceptable risk to Watch risk rating. Loans rated in the first three categories are acceptable loans, appropriately underwritten, bearing an ordinary risk of loss to the Company. Loans in the minimal and moderate risk categories are loans to quality borrowers with financial statements presenting a good primary source as well as an adequate secondary source of repayment. In the case of individuals, borrowers with this rating are quality borrowers demonstrating a reasonable level of secure income, a net worth adequate to support the loan and presenting a good primary source as well as an adequate secondary source of repayment. Loans rated Watch indicate that although the borrower meets the criteria for a rating of acceptable risk or better, the credit possesses an identified and elevated risk level that should be resolved in a short period of time. Technical risks include, but are not limited to, inadequate or improperly executed documentation, which may be material, serious delays in the submission of financial reporting or covenant violations that are not indicative of a protracted trend. Special Mention - A Special Mention loan has potential weaknesses that require management’s close attention. 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. Substandard - A Substandard loan is inadequately protected by the current sound net worth and paying capacity of the obligor or of the collateral pledged, if any. These loans have a well-defined weakness or weaknesses that jeopardize full collection of amounts due. They are characterized by the distinct possibility that the Company will sustain some loss if the borrower’s deficiencies are not corrected. Doubtful - A loan classified Doubtful has all the weaknesses inherent in one classified Substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. The possibility of loss is extremely high, but because of certain important and reasonably specific pending factors, which may work to the advantage and strengthening of the loan, its classification as an estimated loss is deferred until its more exact status may be determined. Pending factors include proposed merger, acquisition or liquidation procedures, capital injection, perfecting liens on additional collateral and refinancing plans. Loss - Loans classified Loss are considered uncollectible and of such little value that their continuance as bankable loans is not warranted. This classification does not mean that the asset has absolutely no recovery or salvage value, but rather it is not practical or desirable to defer writing off this loan even though partial recovery may be realized in the future. Losses are taken in the period in which they are considered uncollectible. 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 (which includes SBA 504, Land, and Construction) 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 client 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 client’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 sheet. 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 In June 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 has formed a subcommittee of its allowance for loan losses committee which 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 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”), regulators in several jurisdictions around the world have undertaken reference rate reform initiatives to identify alternative reference rates that are more observable, or transaction based and less susceptible to manipulation. The Company is currently evaluating the impact of the amended guidance . The adoption of this standard is not anticipated to have a material impact on the Company’s Consolidated Financial Statements

INVESTMENT SECURITIES

INVESTMENT SECURITIES	9 Months Ended
	Sep. 30, 2021
INVESTMENT SECURITIES [Abstract]
INVESTMENT SECURITIES	2. INVESTMENT SECURITIES The amortized cost and estimated fair value of investment securities are as follows: September 30, 2021 Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value Securities available-for-sale (in thousands) U.S. government agency notes $ 5,729 $ 34 $ — $ 5,763 U.S. government agency collateralized mortgage obligations ("CMO") 5,321 31 (8 ) 5,344 Corporate subordinated notes 9,250 142 (10 ) 9,382 Total $ 20,300 $ 207 $ (18 ) $ 20,489 Securities held-to-maturity U.S. government agency mortgage-backed securities ("MBS") $ 2,902 $ 176 $ (1 ) $ 3,077 Total $ 2,902 $ 176 $ (1 ) $ 3,077 Securities measured at fair value Equity securities: Farmer Mac class A stock $ 66 $ 151 $ — $ 217 Total $ 66 $ 151 $ — $ 217 December 31, 2020 Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value Securities available-for-sale (in thousands) U.S. government agency notes $ 6,501 $ 1 $ (30 ) $ 6,472 U.S. government agency collateralized mortgage obligations ("CMO") 7,765 33 (13 ) 7,785 Corporate subordinated notes 3,000 53 (2 ) 3,051 Total $ 17,266 $ 87 $ (45 ) $ 17,308 Securities held-to-maturity U.S. government agency mortgage-backed securities ("MBS") $ 4,586 $ 269 $ (1 ) $ 4,854 Total $ 4,586 $ 269 $ (1 ) $ 4,854 Securities measured at fair value Equity securities: Farmer Mac class A stock $ 66 $ 83 $ — $ 149 Total $ 66 $ 83 $ — $ 149 At September 30, 2021 and December 31, 2020, $14.0 million and $18.9 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: September 30, 2021 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 $ — — $ 744 0.6 % $ 5,019 1.3 % $ — — $ 5,763 1.2 % U.S. government agency CMO 47 1.8 % 4,290 0.4 % 1,007 0.7 % — — 5,344 0.5 % Corporate subordinated notes — — 8,637 3.8 % 745 3.3 % — — 9,382 3.9 % Total $ 47 1.8 % $ 13,671 2.6 % $ 6,771 1.4 % $ — — $ 20,489 2.2 % Securities held-to-maturity U.S. government agency MBS $ — — $ 2,148 3.0 % $ 754 3.6 % $ — — $ 2,902 3.0 % Total $ — — $ 2,148 3.0 % $ 754 3.6 % $ — — $ 2,902 3.0 % Securities measured at fair value Farmer Mac class A stock $ — — $ — — $ — — $ — — $ 217 — Total $ — — $ — — $ — — $ — — $ 217 — December 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 $ — — $ 784 0.6 % $ 5,688 1.7 % $ — — $ 6,472 1.2 % U.S. government agency CMO 820 1.7 % 5,832 0.6 % 1,133 0.8 % — — 7,785 2.3 % Corporate subordinated notes — 0.0 % 3,051 4.8 % — 0.0 % — 0.0 % 3,051 4.8 % Total $ 820 0 $ 9,667 1.9 % $ 6,821 1.5 % $ — — $ 17,308 1.6 % Securities held-to-maturity U.S. government agency MBS $ — — $ 3,821 2.8 % $ 765 3.6 % $ — — $ 4,586 2.9 % Total $ — — $ 3,821 2.8 % $ 765 3.6 % $ — — $ 4,586 2.9 % Securities measured at fair value Farmer Mac class A stock $ — — $ — — $ — — $ — — $ 149 — Total $ — — $ — — $ — — $ — — $ 149 — The amortized cost and fair value of investment securities by contractual maturities as of the periods presented were as shown below: September 30, 2021 December 31, 2020 Amortized Cost Estimated Fair Value Amortized Cost Estimated Fair Value Securities available-for-sale (in thousands) Due in one year or less $ 47 $ 47 $ 817 $ 820 After one year through five years 13,497 13,671 9,594 9,667 After five years through ten years 6,756 6,771 6,855 6,821 After ten years — — — — Total $ 20,300 $ 20,489 $ 17,266 $ 17,308 Securities held-to-maturity Due in one year or less $ — $ — $ — $ — After one year through five years 2,148 2,233 3,821 3,965 After five years through ten years 754 844 765 889 After ten years — — — — Total $ 2,902 $ 3,077 $ 4,586 $ 4,854 Securities measured at fair value Farmer Mac class A stock $ 66 $ 217 $ 66 $ 149 Total $ 66 $ 217 $ 66 $ 149 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: September 30, 2021 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 $ — $ — $ — $ — $ — $ — U.S. government agency CMO — — 8 1,007 8 1,007 Corporate subordinated notes 10 2,240 — — 10 2,240 Total $ 10 $ 2,240 $ 8 $ 1,007 $ 18 $ 3,247 Securities held-to-maturity U.S. government agency MBS $ 1 $ 181 $ — $ — $ 1 $ 181 Total $ 1 $ 181 $ — $ — $ 1 $ 181 Securities measured at fair value Farmer Mac class A stock $ — $ — $ — $ — $ — $ — Total $ — $ — $ — $ — $ — $ — December 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 $ — $ — $ 7 $ 784 $ 7 $ 784 U.S. government agency CMO — — 36 6,021 36 6,021 Corporate subordinated notes 2 1,498 — — 2 1,498 Total $ 2 $ 1,498 $ 43 $ 6,805 $ 45 $ 8,303 Securities held-to-maturity U.S. government agency MBS $ 1 $ 185 $ — $ — $ 1 $ 185 Total $ 1 $ 185 $ — $ — $ 1 $ 185 Securities measured at fair value Farmer Mac class A stock $ — $ — $ — $ — $ — $ — Total $ — $ — $ — $ — $ — $ — As of September 30, 2021 and December 31, 2020, there were 5 and 13 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 September 30, 2021 and December 31, 2020, 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	9 Months Ended
	Sep. 30, 2021
LOANS HELD FOR SALE [Abstract]
LOANS HELD FOR SALE	3. LOANS HELD FOR SALE SBA and Agriculture Loans As of September 30, 2021 and December 31, 2020, the Company had approximately $7.1 million and $8.3 million, respectively, of SBA loans included in loans held for sale. As of September 30, 2021 and December 31, 2020, the principal balance of SBA loans serviced for others was $3.3 million and $4.0 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 September 30, 2021 and December 31, 2020, the Company had $17.3 million and $22.9 million of USDA loans included in loans held for sale, respectively. As of September 30, 2021 and December 31, 2020, the principal balance of USDA loans serviced for others was $0.8 million and $1.9 million, respectively.

LOANS HELD FOR INVESTMENT

LOANS HELD FOR INVESTMENT	9 Months Ended
	Sep. 30, 2021
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: September 30, 2021 December 31, 2020 (in thousands) Manufactured housing $ 292,476 $ 280,284 Commercial real estate 473,338 402,148 Commercial 49,401 57,933 SBA (1) 38,649 73,131 HELOC 3,717 3,861 Single family real estate 8,756 10,490 Consumer 23 133 866,360 827,980 Allowance for loan losses (10,283 ) (10,194 ) Deferred fees, net (1,411 ) (1,583 ) Discount on SBA loans (39 ) (49 ) Other loans in process 1,285 — Total loans held for investment, net $ 855,912 $ 816,154 (1) Includes $36.1 million and $69.5 million of SBA Paycheck Protection Program (PPP) loans as of September 30, 2021 and December 31, 2020, respectively. The following table presents the contractual aging of the recorded investment in past due held for investment loans by class of loans: September 30, 2021 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 $ 292,025 $ 238 $ 117 $ — $ 355 $ 96 $ 292,476 $ — Commercial real estate: Commercial real estate 424,377 231 — — 231 — 424,608 — SBA 504 1st trust deed 18,389 — — — — 1,345 19,734 — Land 8,623 — — — — — 8,623 — Construction 20,373 — — — — — 20,373 — Commercial 49,401 — — — — — 49,401 — SBA 38,455 57 — — 57 137 38,649 — HELOC 3,717 — — — — — 3,717 — Single family real estate 8,491 — — — — 265 8,756 — Consumer 23 — — — — — 23 — Total $ 863,874 $ 526 $ 117 $ — $ 643 $ 1,843 $ 866,360 $ — December 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 $ 277,873 $ 1,716 $ 81 $ — $ 1,797 $ 614 $ 280,284 $ — Commercial real estate: Commercial real estate 360,345 — — — — — 360,345 — SBA 504 1st trust deed 16,423 — — — — 1,469 17,892 — Land 6,528 — — — — — 6,528 — Construction 17,383 — — — — — 17,383 — Commercial 56,451 92 — — 92 1,390 57,933 — SBA 72,856 — — — — 275 73,131 — HELOC 3,861 — — — — — 3,861 — Single family real estate 10,366 — — — — 124 10,490 — Consumer 133 — — — — — 133 — Total $ 822,219 $ 1,808 $ 81 $ — $ 1,889 $ 3,872 $ 827,980 $ — Allowance for Loan Losses The following table summarizes the changes in the allowance for loan losses: Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 (in thousands) (in thousands) Beginning balance $ 10,240 $ 10,008 $ 10,194 $ 8,717 Charge-offs — — — — Recoveries 36 76 296 213 Net recoveries 36 76 296 213 Provision (credit) 7 113 (207 ) 1,267 Ending balance $ 10,283 $ 10,197 $ 10,283 $ 10,197 As of September 30, 2021 and December 31, 2020, the Company had reserves for credit losses on undisbursed loans of $106,000 and $92,000, 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 September 30, Manufactured Housing Commercial Real Estate Commercial SBA HELOC Single Family Real Estate Consumer Total 2021 (in thousands) Beginning balance $ 2,630 $ 6,328 $ 1,020 $ 114 $ 25 $ 122 $ 1 $ 10,240 Charge-offs — — — — — — — — Recoveries 4 20 10 1 1 — — 36 Net recoveries 4 20 10 1 1 — — 36 Provision (credit) (25 ) 149 (15 ) (87 ) (2 ) (13 ) — 7 Ending balance $ 2,609 $ 6,497 $ 1,015 $ 28 $ 24 $ 109 $ 1 $ 10,283 2020 Beginning balance $ 2,470 $ 5,759 $ 1,503 $ 128 $ 26 $ 120 $ 2 $ 10,008 Charge-offs — — — — — — — — Recoveries 7 20 47 — 2 — — 76 Net recoveries 7 20 47 — 2 — — 76 Provision (credit) 138 100 (109 ) (1 ) (3 ) (12 ) — 113 Ending balance $ 2,615 $ 5,879 $ 1,441 $ 127 $ 25 $ 108 $ 2 $ 10,197 For the Nine Months Ended September 30, Manufactured Housing Commercial Real Estate Commercial SBA HELOC Single Family Real Estate Consumer Total 2021 (in thousands) Beginning balance $ 2,612 $ 5,950 $ 1,379 $ 118 $ 25 $ 108 $ 2 $ 10,194 Charge-offs — — — — — — — — Recoveries 155 60 30 46 4 1 — 296 Net recoveries 155 60 30 46 4 1 — 296 Provision (credit) (158 ) 487 (394 ) (136 ) (5 ) — (1 ) (207 ) Ending balance $ 2,609 $ 6,497 $ 1,015 $ 28 $ 24 $ 109 $ 1 $ 10,283 2020 Beginning balance $ 2,184 $ 5,217 $ 1,162 $ 32 $ 27 $ 92 $ 3 $ 8,717 Charge-offs — — — — — — — — Recoveries 20 60 121 6 5 1 — 213 Net recoveries 20 60 121 6 5 1 — 213 Provision (credit) 411 602 158 89 (7 ) 15 (1 ) 1,267 Ending balance $ 2,615 $ 5,879 $ 1,441 $ 127 $ 25 $ 108 $ 2 $ 10,197 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 September 30, 2021 (in thousands) Recorded Investment: Impaired loans with an allowance recorded $ 3,750 $ 222 $ 89 $ — $ — $ 431 $ — $ 4,492 Impaired loans with no allowance recorded 1,209 1,345 1,563 382 — 266 — 4,765 Total loans individually evaluated for impairment 4,959 1,567 1,652 382 — 697 — 9,257 Loans collectively evaluated for impairment 287,517 471,771 47,749 38,267 3,717 8,059 23 857,103 Total loans held for investment $ 292,476 $ 473,338 $ 49,401 $ 38,649 $ 3,717 $ 8,756 $ 23 $ 866,360 Unpaid Principal Balance Impaired loans with an allowance recorded $ 3,750 $ 222 $ 89 $ — $ — $ 431 $ — $ 4,492 Impaired loans with no allowance recorded 1,713 1,424 1,563 833 — 277 — 5,810 Total loans individually evaluated for impairment 5,463 1,646 1,652 833 — 708 — 10,302 Loans collectively evaluated for impairment 287,517 471,771 47,749 38,267 3,717 8,059 23 857,103 Total loans held for investment $ 292,980 $ 473,417 $ 49,401 $ 39,100 $ 3,717 $ 8,767 $ 23 $ 867,405 Related Allowance for Credit Losses Impaired loans with an allowance recorded $ 223 $ 16 $ — $ — $ — $ 13 $ — $ 252 Impaired loans with no allowance recorded — — — — — — — — Total loans individually evaluated for impairment 223 16 — — — 13 — 252 Loans collectively evaluated for impairment 2,386 6,481 1,015 28 24 96 1 10,031 Total loans held for investment $ 2,609 $ 6,497 $ 1,015 $ 28 $ 24 $ 109 $ 1 $ 10,283 Manufactured Housing Commercial Real Estate Commercial SBA HELOC Single Family Real Estate Consumer Total Loans Loans Held for Investment as of December 31, 2020 (in thousands) Recorded Investment: Impaired loans with an allowance recorded $ 4,402 $ 230 $ — $ — $ — $ 449 $ — $ 5,081 Impaired loans with no allowance recorded 2,294 1,468 1,504 292 — 1,860 — 7,418 Total loans individually evaluated for impairment 6,696 1,698 1,504 292 — 2,309 — 12,499 Loans collectively evaluated for impairment 273,588 400,450 56,429 72,839 3,861 8,181 133 815,481 Total loans held for investment $ 280,284 $ 402,148 $ 57,933 $ 73,131 $ 3,861 $ 10,490 $ 133 $ 827,980 Unpaid Principal Balance Impaired loans with an allowance recorded $ 4,402 $ 230 $ — $ — $ — $ 449 $ — $ 5,081 Impaired loans with no allowance recorded 3,066 1,474 1,844 946 — 1,860 — 9,190 Total loans individually evaluated for impairment 7,468 1,704 1,844 946 — 2,309 — 14,271 Loans collectively evaluated for impairment 273,588 400,450 56,429 72,839 3,861 8,181 133 815,481 Total loans held for investment $ 281,056 $ 402,154 $ 58,273 $ 73,785 $ 3,861 $ 10,490 $ 133 $ 829,752 Related Allowance for Credit Losses Impaired loans with an allowance recorded $ 279 $ 16 $ — $ — $ — $ 16 $ — $ 311 Impaired loans with no allowance recorded — — — — — — — — Total loans individually evaluated for impairment 279 16 — — — 16 — 311 Loans collectively evaluated for impairment 2,333 5,934 1,379 118 25 92 2 9,883 Total loans held for investment $ 2,612 $ 5,950 $ 1,379 $ 118 $ 25 $ 108 $ 2 $ 10,194 Included in impaired loans are $0.6 million and $0.7 million of loans guaranteed by government agencies at September 30, 2021 and December 31, 2020, 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 September 30, 2021 and December 31, 2020. The table below reflects recorded investment in loans classified as impaired: September 30, 2021 December 31, 2020 (in thousands) Impaired loans with a specific valuation allowance under ASC 310 $ 4,492 $ 5,081 Impaired loans without a specific valuation allowance under ASC 310 4,765 7,418 Total impaired loans $ 9,257 $ 12,499 Valuation allowance related to impaired loans $ 252 $ 311 The following table summarizes impaired loans by class of loans: September 30, 2021 December 31, 2020 (in thousands) Manufactured housing $ 4,959 $ 6,696 Commercial real estate : Commercial real estate — — SBA 504 1st trust deed 1,567 1,698 Land — — Construction — — Commercial 1,652 1,504 SBA 382 292 HELOC — — Single family real estate 697 2,309 Consumer — — Total $ 9,257 $ 12,499 The following tables summarize average investment in impaired loans by class of loans and the related interest income recognized: Three Months Ended September 30, 2021 2020 Average Investment in Impaired Loans Interest Income Average Investment in Impaired Loans Interest Income (in thousands) Manufactured housing $ 4,961 $ 95 $ 7,493 $ 153 Commercial real estate: Commercial real estate — — 85 — SBA 504 1st trust deed 1,533 4 234 4 Land — — — — Construction — — — — Commercial 1,622 24 1,656 2 SBA 593 4 324 1 HELOC — — — — Single family real estate 1,512 10 2,229 29 Consumer — — — — Total $ 10,221 $ 137 $ 12,021 $ 189 Nine Months Ended September 30, 2021 2020 Average Investment in Impaired Loans Interest Income Average Investment in Impaired Loans Interest Income (in thousands) Manufactured housing $ 5,683 $ 277 $ 7,697 $ 420 Commercial real estate: Commercial real estate — — 84 — SBA 504 1st trust deed 1,615 48 234 13 Land — — — — Construction — — — — Commercial 1,645 78 1,702 5 SBA 480 11 347 1 HELOC — — — — Single family real estate 1,913 91 2,275 88 Consumer — — — — Total $ 11,336 $ 505 $ 12,339 $ 527 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: September 30, 2021 December 31, 2020 (in thousands) Nonaccrual loans $ 1,843 $ 3,872 Government guaranteed portion of loans included above $ 101 $ 207 Troubled debt restructured loans, gross $ 8,789 $ 11,141 Loans 30 through 89 days past due with interest accruing $ 643 $ 1,889 Loans 90 days or more past due with interest accruing $ — $ — Allowance for loan losses to gross loans held for investment 1.19 % 1.23 % 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 $35 thousand and $0.1 million, respectively. Foregone interest on nonaccrual and TDR loans for the and , was $ million and $0.2 million, respectively The following table presents the composition of nonaccrual loans by class of loans: September 30, 2021 December 31, 2020 (in thousands) Manufactured housing $ 96 $ 614 Commercial real estate: Commercial real estate — — SBA 504 1st trust deed 1,345 1,469 Land — — Construction — — Commercial — 1,390 SBA 137 275 HELOC — — Single family real estate 265 124 Consumer — — Total $ 1,843 $ 3,872 Included in nonaccrual loans are $0.1 million of loans guaranteed by government agencies at September 30, 2021 and $0.2 million at December 31, 2020. 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”. Loans that do not currently expose the Company to sufficient risk to warrant classification in one of the aforementioned categories but possess weaknesses that deserve management’s close attention are deemed to be Special Mention. 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: September 30, 2021 Pass Special Mention Substandard Doubtful Total (in thousands) Manufactured housing $ 291,399 $ — $ 1,077 $ — $ 292,476 Commercial real estate: Commercial real estate 405,432 5,038 12,838 — 423,308 SBA 504 1st trust deed 17,451 — 2,283 — 19,734 Land 8,623 — — — 8,623 Construction 20,373 — — — 20,373 Commercial 44,280 — 2,326 — 46,606 SBA 2,117 — 119 — 2,236 HELOC 3,717 — — — 3,717 Single family real estate 8,485 — 271 — 8,756 Consumer 23 — — — 23 Total, net 801,900 5,038 18,914 — 825,852 Government guarantee 38,578 — 1,930 — 40,508 Total $ 840,478 $ 5,038 $ 20,844 $ — $ 866,360 December 31, 2020 Pass Special Mention Substandard Doubtful Total (in thousands) Manufactured housing $ 278,826 $ — $ 1,458 $ — $ 280,284 Commercial real estate: Commercial real estate 340,391 6,265 12,362 — 359,018 SBA 504 1st trust deed 14,877 — 3,015 — 17,892 Land 6,528 — — — 6,528 Construction 15,344 — 2,039 — 17,383 Commercial 48,776 823 3,419 — 53,018 SBA 2,554 34 263 — 2,851 HELOC 3,861 — — — 3,861 Single family real estate 10,361 — 129 — 10,490 Consumer 133 — — — 133 Total, net 721,651 7,122 22,685 $ — 751,458 Government guarantee 72,876 — 3,646 — 76,522 Total $ 794,527 $ 7,122 $ 26,331 $ — $ 827,980 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: There were no new TDR loans for the three months ended September 30, 2021. For the Three Months Ended September 30, 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 4 $ 300 $ 300 $ — $ — $ — SBA 1 17 17 — — — Total 5 $ 317 $ 317 $ — $ — $ — For the Nine Months Ended September 30, 2021 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 $ 167 $ 167 $ — $ — $ — Total 1 $ 167 $ 167 $ — $ — $ — For the Nine Months Ended September 30, 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 5 356 356 56 56 1 SBA 1 $ 17 $ 17 $ — $ — $ — Total 6 $ 373 $ 373 $ 56 $ 56 $ 1 The average rate concessions were zero basis points for the nine months ended September 30, 2021 and 100 basis points for the nine months ended September 30, 2020. The average term extension in months was zero 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 loans with payment defaults for the three or nine months ended September 30, 2021 or 2020. At September 30, 2021 there were no material loan commitments outstanding on TDR loans.

OTHER ASSETS ACQUIRED THROUGH F

OTHER ASSETS ACQUIRED THROUGH FORECLOSURE	9 Months Ended
	Sep. 30, 2021
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 September 30, Nine Months Ended September 30, 2021 2020 2021 2020 (in thousands) Balance, beginning of period $ 2,572 $ 2,707 $ 2,614 $ 2,524 Additions — — 136 106 Proceeds from dispositions — — — — (Loss) gain on sales, net — — (178 ) 77 Third-party portion of writedown/loss — — — — Balance, end of period $ 2,572 $ 2,707 $ 2,572 $ 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	9 Months Ended
	Sep. 30, 2021
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 (“ASC 820”) established a framework for measuring fair value using a three-level valuation hierarchy for disclosure of fair value measurement. The valuation hierarchy is based upon the transparency of inputs to the valuation of an asset as of the measurement date. ASC 820 establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that observable inputs be used when available. Observable inputs are inputs that market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the Company. Unobservable inputs are inputs that reflect the Company’s assumptions about the factors market participants would consider in pricing the asset or liability developed based on the best information available in the circumstances. The hierarchy is broken down into three levels based on the reliability of inputs, as follows: • 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 September 30, 2021 and December 31, 2020. The estimated fair value amounts for September 30, 2021 and December 31, 2020 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 September 30 2021 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 $ 217 $ — $ — $ 217 Investment securities available-for-sale — 20,489 — 20,489 Interest only strips — — 18 18 Servicing assets — — 1,570 1,570 Total $ 217 $ 20,489 $ 1,588 $ 22,294 Fair Value Measurements at the End of the Reporting Period Using: December 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 $ 149 $ — $ — $ 149 Investment securities available-for-sale — 12,759 1,498 14,257 Interest only strips — — 27 27 Servicing assets — — 1,461 1,461 Total $ 149 $ 12,759 $ 2,986 $ 15,894 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 periodic 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) September 30 2021 Impaired loans $ 3,587 $ — $ 3,587 $ — Loans held for sale 26,553 — 26,553 — Foreclosed real estate and repossessed assets 2,572 — 2,572 — Total $ 32,712 $ — $ 32,712 $ — 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, 2020 Impaired loans $ 3,910 $ — $ 3,910 $ — Loans held for sale 34,383 — 34,383 — Foreclosed real estate and repossessed assets 2,614 — 2,614 — Total $ 40,907 $ — $ 40,907 $ — 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: September 30, 2021 Carrying Fair Value Amount Level 1 Level 2 Level 3 Total Financial assets: (in thousands) Cash and cash equivalents $ 186,935 $ 186,935 $ — $ — $ 186,935 FRB and FHLB stock 4,441 — 4,441 — 4,441 Investment securities 23,608 217 23,565 — 23,782 Loans, net 880,312 — 898,789 5,418 904,207 Financial liabilities: Deposits 931,942 — 930,220 — 930,220 Other borrowings 90,000 — 90,373 — 90,373 December 31, 2020 Carrying Fair Value Amount Level 1 Level 2 Level 3 Total Financial assets: (in thousands) Cash and cash equivalents $ 60,540 $ 60,540 $ — $ — $ 60,540 FRB and FHLB stock 4,633 — 4,633 — 4,633 Investment securities 22,043 149 22,162 — 22,311 Loans, net 847,383 — 845,302 8,278 853,580 Financial liabilities: Deposits 766,185 — 765,565 — 765,565 Other borrowings 105,000 — 106,051 — 106,051 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 September 30, 2021 and December 31, 2020, the Company had loans held for sale with an aggregate carrying value of $24.4 million and $31.2 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 and other borrowings 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, considering the remaining terms of the agreements and the counterparties’ credit standing. There were $17,500 standby letters of credit outstanding at September 30, 2021 and zero at December 31, 2020. Unfunded loan commitments at September 30, 2021 and December 31, 2020 were $91.1 million and $59.5 million, respectively.

OTHER BORROWINGS

OTHER BORROWINGS	9 Months Ended
	Sep. 30, 2021
OTHER BORROWINGS [Abstract]
OTHER BORROWINGS	7. OTHER BORROWINGS Federal Home Loan Bank Advances The Company through the bank has a blanket lien credit line with the FHLB. FHLB advances are collateralized in the aggregate by CWB’s eligible loans and securities. Total FHLB advances were $90.0 million and $105.0 million at September 30, 2021 and December 31, 2020, respectively, borrowed at fixed rates. The Company also had $72.0 million of letters of credit with FHLB at September 30, 2021 to secure public funds. At September 30, 2021, CWB had pledged to the FHLB $14.1 million of securities and $305.2 million of loans. At September 30, 2021, CWB had $38.9 million available for additional borrowing. At December 31, 2020, CWB had pledged to the FHLB $18.9 million of securities and $304.7 million of loans. At December 31, 2020, CWB had $81.4 million available for additional borrowing. Total FHLB interest expense for the nine months ended September 30, 2021 and September 30, 2020 was $0.7 million and $1.1 million, respectively. Federal Reserve Bank The Company has established a credit line with the FRB. Advances are collateralized in the aggregate by eligible loans for up to 28 days. There were no outstanding FRB advances as of September 30, 2021 and December 31, 2020. Available borrowing capacity was $102.3 million and $102.7 million as of September 30, 2021 and December 31, 2020, respectively. The Company also established a borrowing line with FRB under the Paycheck Protection Program Liquidity Fund (PPPLF). Advances are secured by SBA PPP loans for up to the term of the loan. There were no PPPLF advances at June 30, 2021. Federal Funds Purchased Lines – The Company has federal funds borrowing lines at correspondent banks totaling $20.0 million. There was no amount outstanding as of September 30, 2021 and December 31, 2020. Line of Credit - In September of 2021, the Company entered into an unsecured line of credit agreement for up to $5.0 million at Prime + 0.25%. The Company must maintain a compensating deposit with the lender of $1,000,000 and a maximum net non-accrual ratio of not more than 3%.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	9 Months Ended
	Sep. 30, 2021
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 September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Unrealized holding gains (losses) on AFS Unrealized holding gains (losses) on AFS (in thousands) Beginning balance $ 150 $ (53 ) $ 35 $ (78 ) Other comprehensive income (loss) before reclassifications (12 ) 70 103 95 Amounts reclassified from accumulated other comprehensive income (loss) — — — — Net current-period other comprehensive income (loss) (12 ) 70 103 95 Ending Balance $ 138 $ 17 $ 138 $ 17 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, 2023. 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 zero repurchased common stock shares under this program during the nine months ended September 30, 2021. During the three and nine months ended September 30, 2021, the Company paid common stock dividends of $0.6 million and $1.7 million, respectively. During the three and nine months ended September 30, 2020, the Company paid common stock dividends of $0.4 and $1.2 million, respectively.

CAPITAL REQUIREMENT

CAPITAL REQUIREMENT	9 Months Ended
	Sep. 30, 2021
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 illustrate the Bank’s regulatory ratios and the Federal Reserve’s current adequacy guidelines as of September 30, 2021 and December 31, 2020. 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 (1) September 30 2021 CWB's actual regulatory ratios 12.11 % 10.93 % 10.93 % 8.59 % 8.59 % 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 (1) Temporary CBLR requires minimum of 8.50% to be considered well-capitalized until January 1, 2022. 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 2020 CWB's actual regulatory ratios 12.27 % 11.02 % 11.02 % 9.29 % 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 September 30, 2021 that management believes have changed the Company’s or the Bank’s risk-based capital category. The Company is closely monitoring capital levels in light of the COVID-19 pandemic, and the potential impact of its effect upon earnings.

REVENUE RECOGNITION

REVENUE RECOGNITION	9 Months Ended
	Sep. 30, 2021
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 clients. 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, 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. 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 clients’ 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 September 30, Nine Months Ended September 30, 2021 2020 2021 2020 In-scope of Topic 606: (in thousands) Service charges on deposit accounts $ 59 $ 57 $ 171 $ 228 Exchange fees and other service charges 125 46 346 116 Non-interest income (in-scope of Topic 606) 184 103 516 344 Non-interest income (out-of-scope of Topic 606) 856 1,249 2,293 2,598 Total $ 1,040 $ 1,352 $ 2,809 $ 2,942 Contract Balances A contract asset balance occurs when an entity performs a service for a client before the client 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 client for which the entity has already received payment (or payment is due) from the client. 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 clients, and therefore, does not experience significant contract balances. As of September 30, 2021 and December 31, 2020, 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 client 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 client 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	9 Months Ended
	Sep. 30, 2021
LEASES [Abstract]
LEASES	11. LEASES As described in Note 1 – Summary of Significant Accounting Policies – Recent Accounting Pronouncements, effective January 1, 2019, we right-of-use assets lease liabilities The right-of-use assets are included in other assets and the lease liabilities are included in other liabilities Nine Months Ended September 30, 2021 2020 Lease cost: (in thousands) Operating lease cost 1,000 1,099 Sublease income — — Total lease cost 1,000 1,099 Other information Cash paid for amounts included in the measurement of lease liabilities — — Operating cash flows from operating leases 991 1,068 Weighted average remaining lease term - operating leases 8.30 years 8.93 years Weighted average discount rate - operating leases 3.25 % 3.22 % Future minimum operating lease payments: September 30, 2021 2020 (in thousands) 2020 $ — $ 247 2021 248 992 2022 887 887 2023 813 813 2024 821 821 2025 768 768 Thereafter 2,586 2,585 Total future minimum lease payments $ 6,123 $ 7,113 Less remaining imputed interest 777 960 Total lease liabilities $ 5,346 $ 6,153

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2021
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”) which includes 445 Pine Investments
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.
Interim Financial Information	Interim Financial Information The accompanying unaudited consolidated financial statements as of September 30, 2021 and 2020, and for the three and nine months then ended 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, 2020 and for the three and nine months ended September 30, 2020
COVID-19 Pandemic Update	COVID-19 pandemic update The COVID-19 pandemic, first identified in the United States during the first quarter of 2020, has had adverse effects on the economy in the United States, generally, and in our service area. The assistance of government supported programs under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) and the Consolidated Appropriations Act (CAA), including the Paycheck Protection Program (PPP), have lessened the disruptive effects of the COVID-19 pandemic. Throughout the COVID pandemic, CWB has actively worked to assist clients. Some clients in our service area have experienced increased unemployment, business closures, and slowdowns, especially in the restaurant, hospitality, and recreation industries. This may lead to increased credit ratings downgrades, loan delinquencies, defaults, reductions in asset values, and foreclosures, any of which could have an adverse effect on our business, financial condition, and results of operations.
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 and nine months ended September 30, 2021 and 2020
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 client’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 borrower discontinues making payments as contractually required by the note, the Company must determine whether it is appropriate to continue to accrue interest. Generally, the Company places loans in a nonaccrual status and ceases recognizing interest income when the loan has become delinquent by more than 90 days or when Management determines that the full repayment of principal and collection of interest is unlikely. The Company may decide to continue to accrue interest on certain loans more than 90 days delinquent if they are well secured by collateral and in the process of collection. Other personal loans are typically charged off no later than 120 days delinquent. 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 client 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: 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. Management determines the significance of payment delays or payment shortfalls on a case-by-case basis. When determining the possibility of impairment, management considers the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. For collateral-dependent loans, the Company uses the fair value of collateral method to measure impairment. The collateral-dependent loans that recognize impairment are charged down to the fair value less costs to sell. All other loans are measured for impairment either based on the present value of future cash flows or the loan’s observable market price. Troubled debt restructured loan (“TDR”): A TDR is a loan on which the Company, for reasons related to the borrower’s financial difficulties, grants a concession to the borrower that the Company would not otherwise consider. These concessions include but are not limited to term extensions, rate reductions and principal reductions. Forgiveness of principal is rarely granted and modifications for all classes of loans are predominately term extensions. A TDR loan 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. 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 January 1, 2022 ( the extension of the expiration date was passed as part of the Bipartisan-Bicameral Omnibus COVID Relief Deal on December 21, 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 offered short-term modifications made in response to COVID-19 to borrowers who were current and otherwise not past due. These included short-term, s of September 30, 2021, there were deferred loans outstanding under these short-term modifications.
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 considers 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 Substantially Risk Free – These borrowers have virtually no probability 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 – This rating is for the highest quality borrowers with nominal probability of default or loss given default from the transaction. Typically, this is a borrower with a well-established record of financial performance, a strong equity position, abundant liquidity, and excellent debt service ability. The Borrower’s financial outlook is stable due to a broad range of operations or products and is able to weather an economic downturn without significant impact to liquidity or net worth. Typically, this borrower will be publicly owned or have access to public debt or equity, all investment grade. In addition, these credits will conform in all aspects to established loan policies and procedures, laws, rules, and regulations. Transaction can include marketable securities as collateral, properly margined. Pass/Watch – The loans in the four remaining pass categories range from minimal risk to moderate risk to acceptable risk to Watch risk rating. Loans rated in the first three categories are acceptable loans, appropriately underwritten, bearing an ordinary risk of loss to the Company. Loans in the minimal and moderate risk categories are loans to quality borrowers with financial statements presenting a good primary source as well as an adequate secondary source of repayment. In the case of individuals, borrowers with this rating are quality borrowers demonstrating a reasonable level of secure income, a net worth adequate to support the loan and presenting a good primary source as well as an adequate secondary source of repayment. Loans rated Watch indicate that although the borrower meets the criteria for a rating of acceptable risk or better, the credit possesses an identified and elevated risk level that should be resolved in a short period of time. Technical risks include, but are not limited to, inadequate or improperly executed documentation, which may be material, serious delays in the submission of financial reporting or covenant violations that are not indicative of a protracted trend. Special Mention - A Special Mention loan has potential weaknesses that require management’s close attention. 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. Substandard - A Substandard loan is inadequately protected by the current sound net worth and paying capacity of the obligor or of the collateral pledged, if any. These loans have a well-defined weakness or weaknesses that jeopardize full collection of amounts due. They are characterized by the distinct possibility that the Company will sustain some loss if the borrower’s deficiencies are not corrected. Doubtful - A loan classified Doubtful has all the weaknesses inherent in one classified Substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. The possibility of loss is extremely high, but because of certain important and reasonably specific pending factors, which may work to the advantage and strengthening of the loan, its classification as an estimated loss is deferred until its more exact status may be determined. Pending factors include proposed merger, acquisition or liquidation procedures, capital injection, perfecting liens on additional collateral and refinancing plans. Loss - Loans classified Loss are considered uncollectible and of such little value that their continuance as bankable loans is not warranted. This classification does not mean that the asset has absolutely no recovery or salvage value, but rather it is not practical or desirable to defer writing off this loan even though partial recovery may be realized in the future. Losses are taken in the period in which they are considered uncollectible. 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 (which includes SBA 504, Land, and Construction) 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 client 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 client’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 sheet. 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 In June 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 has formed a subcommittee of its allowance for loan losses committee which 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 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”), regulators in several jurisdictions around the world have undertaken reference rate reform initiatives to identify alternative reference rates that are more observable, or transaction based and less susceptible to manipulation. The Company is currently evaluating the impact of the amended guidance . The adoption of this standard is not anticipated to have a material impact on the Company’s Consolidated Financial Statements

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	9 Months Ended
	Sep. 30, 2021
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: September 30, 2021 Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value Securities available-for-sale (in thousands) U.S. government agency notes $ 5,729 $ 34 $ — $ 5,763 U.S. government agency collateralized mortgage obligations ("CMO") 5,321 31 (8 ) 5,344 Corporate subordinated notes 9,250 142 (10 ) 9,382 Total $ 20,300 $ 207 $ (18 ) $ 20,489 Securities held-to-maturity U.S. government agency mortgage-backed securities ("MBS") $ 2,902 $ 176 $ (1 ) $ 3,077 Total $ 2,902 $ 176 $ (1 ) $ 3,077 Securities measured at fair value Equity securities: Farmer Mac class A stock $ 66 $ 151 $ — $ 217 Total $ 66 $ 151 $ — $ 217 December 31, 2020 Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value Securities available-for-sale (in thousands) U.S. government agency notes $ 6,501 $ 1 $ (30 ) $ 6,472 U.S. government agency collateralized mortgage obligations ("CMO") 7,765 33 (13 ) 7,785 Corporate subordinated notes 3,000 53 (2 ) 3,051 Total $ 17,266 $ 87 $ (45 ) $ 17,308 Securities held-to-maturity U.S. government agency mortgage-backed securities ("MBS") $ 4,586 $ 269 $ (1 ) $ 4,854 Total $ 4,586 $ 269 $ (1 ) $ 4,854 Securities measured at fair value Equity securities: Farmer Mac class A stock $ 66 $ 83 $ — $ 149 Total $ 66 $ 83 $ — $ 149
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: September 30, 2021 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 $ — — $ 744 0.6 % $ 5,019 1.3 % $ — — $ 5,763 1.2 % U.S. government agency CMO 47 1.8 % 4,290 0.4 % 1,007 0.7 % — — 5,344 0.5 % Corporate subordinated notes — — 8,637 3.8 % 745 3.3 % — — 9,382 3.9 % Total $ 47 1.8 % $ 13,671 2.6 % $ 6,771 1.4 % $ — — $ 20,489 2.2 % Securities held-to-maturity U.S. government agency MBS $ — — $ 2,148 3.0 % $ 754 3.6 % $ — — $ 2,902 3.0 % Total $ — — $ 2,148 3.0 % $ 754 3.6 % $ — — $ 2,902 3.0 % Securities measured at fair value Farmer Mac class A stock $ — — $ — — $ — — $ — — $ 217 — Total $ — — $ — — $ — — $ — — $ 217 — December 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 $ — — $ 784 0.6 % $ 5,688 1.7 % $ — — $ 6,472 1.2 % U.S. government agency CMO 820 1.7 % 5,832 0.6 % 1,133 0.8 % — — 7,785 2.3 % Corporate subordinated notes — 0.0 % 3,051 4.8 % — 0.0 % — 0.0 % 3,051 4.8 % Total $ 820 0 $ 9,667 1.9 % $ 6,821 1.5 % $ — — $ 17,308 1.6 % Securities held-to-maturity U.S. government agency MBS $ — — $ 3,821 2.8 % $ 765 3.6 % $ — — $ 4,586 2.9 % Total $ — — $ 3,821 2.8 % $ 765 3.6 % $ — — $ 4,586 2.9 % Securities measured at fair value Farmer Mac class A stock $ — — $ — — $ — — $ — — $ 149 — Total $ — — $ — — $ — — $ — — $ 149 —
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: September 30, 2021 December 31, 2020 Amortized Cost Estimated Fair Value Amortized Cost Estimated Fair Value Securities available-for-sale (in thousands) Due in one year or less $ 47 $ 47 $ 817 $ 820 After one year through five years 13,497 13,671 9,594 9,667 After five years through ten years 6,756 6,771 6,855 6,821 After ten years — — — — Total $ 20,300 $ 20,489 $ 17,266 $ 17,308 Securities held-to-maturity Due in one year or less $ — $ — $ — $ — After one year through five years 2,148 2,233 3,821 3,965 After five years through ten years 754 844 765 889 After ten years — — — — Total $ 2,902 $ 3,077 $ 4,586 $ 4,854 Securities measured at fair value Farmer Mac class A stock $ 66 $ 217 $ 66 $ 149 Total $ 66 $ 217 $ 66 $ 149
Fair Value and Unrealized Losses of Securities in Unrealized Loss Position	The following tables show all securities that are in an unrealized loss position: September 30, 2021 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 $ — $ — $ — $ — $ — $ — U.S. government agency CMO — — 8 1,007 8 1,007 Corporate subordinated notes 10 2,240 — — 10 2,240 Total $ 10 $ 2,240 $ 8 $ 1,007 $ 18 $ 3,247 Securities held-to-maturity U.S. government agency MBS $ 1 $ 181 $ — $ — $ 1 $ 181 Total $ 1 $ 181 $ — $ — $ 1 $ 181 Securities measured at fair value Farmer Mac class A stock $ — $ — $ — $ — $ — $ — Total $ — $ — $ — $ — $ — $ — December 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 $ — $ — $ 7 $ 784 $ 7 $ 784 U.S. government agency CMO — — 36 6,021 36 6,021 Corporate subordinated notes 2 1,498 — — 2 1,498 Total $ 2 $ 1,498 $ 43 $ 6,805 $ 45 $ 8,303 Securities held-to-maturity U.S. government agency MBS $ 1 $ 185 $ — $ — $ 1 $ 185 Total $ 1 $ 185 $ — $ — $ 1 $ 185 Securities measured at fair value Farmer Mac class A stock $ — $ — $ — $ — $ — $ — Total $ — $ — $ — $ — $ — $ —

LOANS HELD FOR INVESTMENT (Tabl

LOANS HELD FOR INVESTMENT (Tables)	9 Months Ended
	Sep. 30, 2021
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: September 30, 2021 December 31, 2020 (in thousands) Manufactured housing $ 292,476 $ 280,284 Commercial real estate 473,338 402,148 Commercial 49,401 57,933 SBA (1) 38,649 73,131 HELOC 3,717 3,861 Single family real estate 8,756 10,490 Consumer 23 133 866,360 827,980 Allowance for loan losses (10,283 ) (10,194 ) Deferred fees, net (1,411 ) (1,583 ) Discount on SBA loans (39 ) (49 ) Other loans in process 1,285 — Total loans held for investment, net $ 855,912 $ 816,154 (1) Includes $36.1 million and $69.5 million of SBA Paycheck Protection Program (PPP) loans as of September 30, 2021 and December 31, 2020, respectively.
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: September 30, 2021 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 $ 292,025 $ 238 $ 117 $ — $ 355 $ 96 $ 292,476 $ — Commercial real estate: Commercial real estate 424,377 231 — — 231 — 424,608 — SBA 504 1st trust deed 18,389 — — — — 1,345 19,734 — Land 8,623 — — — — — 8,623 — Construction 20,373 — — — — — 20,373 — Commercial 49,401 — — — — — 49,401 — SBA 38,455 57 — — 57 137 38,649 — HELOC 3,717 — — — — — 3,717 — Single family real estate 8,491 — — — — 265 8,756 — Consumer 23 — — — — — 23 — Total $ 863,874 $ 526 $ 117 $ — $ 643 $ 1,843 $ 866,360 $ — December 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 $ 277,873 $ 1,716 $ 81 $ — $ 1,797 $ 614 $ 280,284 $ — Commercial real estate: Commercial real estate 360,345 — — — — — 360,345 — SBA 504 1st trust deed 16,423 — — — — 1,469 17,892 — Land 6,528 — — — — — 6,528 — Construction 17,383 — — — — — 17,383 — Commercial 56,451 92 — — 92 1,390 57,933 — SBA 72,856 — — — — 275 73,131 — HELOC 3,861 — — — — — 3,861 — Single family real estate 10,366 — — — — 124 10,490 — Consumer 133 — — — — — 133 — Total $ 822,219 $ 1,808 $ 81 $ — $ 1,889 $ 3,872 $ 827,980 $ —
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 September 30, Nine Months Ended September 30, 2021 2020 2021 2020 (in thousands) (in thousands) Beginning balance $ 10,240 $ 10,008 $ 10,194 $ 8,717 Charge-offs — — — — Recoveries 36 76 296 213 Net recoveries 36 76 296 213 Provision (credit) 7 113 (207 ) 1,267 Ending balance $ 10,283 $ 10,197 $ 10,283 $ 10,197 As of September 30, 2021 and December 31, 2020, the Company had reserves for credit losses on undisbursed loans of $106,000 and $92,000, 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 September 30, Manufactured Housing Commercial Real Estate Commercial SBA HELOC Single Family Real Estate Consumer Total 2021 (in thousands) Beginning balance $ 2,630 $ 6,328 $ 1,020 $ 114 $ 25 $ 122 $ 1 $ 10,240 Charge-offs — — — — — — — — Recoveries 4 20 10 1 1 — — 36 Net recoveries 4 20 10 1 1 — — 36 Provision (credit) (25 ) 149 (15 ) (87 ) (2 ) (13 ) — 7 Ending balance $ 2,609 $ 6,497 $ 1,015 $ 28 $ 24 $ 109 $ 1 $ 10,283 2020 Beginning balance $ 2,470 $ 5,759 $ 1,503 $ 128 $ 26 $ 120 $ 2 $ 10,008 Charge-offs — — — — — — — — Recoveries 7 20 47 — 2 — — 76 Net recoveries 7 20 47 — 2 — — 76 Provision (credit) 138 100 (109 ) (1 ) (3 ) (12 ) — 113 Ending balance $ 2,615 $ 5,879 $ 1,441 $ 127 $ 25 $ 108 $ 2 $ 10,197 For the Nine Months Ended September 30, Manufactured Housing Commercial Real Estate Commercial SBA HELOC Single Family Real Estate Consumer Total 2021 (in thousands) Beginning balance $ 2,612 $ 5,950 $ 1,379 $ 118 $ 25 $ 108 $ 2 $ 10,194 Charge-offs — — — — — — — — Recoveries 155 60 30 46 4 1 — 296 Net recoveries 155 60 30 46 4 1 — 296 Provision (credit) (158 ) 487 (394 ) (136 ) (5 ) — (1 ) (207 ) Ending balance $ 2,609 $ 6,497 $ 1,015 $ 28 $ 24 $ 109 $ 1 $ 10,283 2020 Beginning balance $ 2,184 $ 5,217 $ 1,162 $ 32 $ 27 $ 92 $ 3 $ 8,717 Charge-offs — — — — — — — — Recoveries 20 60 121 6 5 1 — 213 Net recoveries 20 60 121 6 5 1 — 213 Provision (credit) 411 602 158 89 (7 ) 15 (1 ) 1,267 Ending balance $ 2,615 $ 5,879 $ 1,441 $ 127 $ 25 $ 108 $ 2 $ 10,197
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 September 30, 2021 (in thousands) Recorded Investment: Impaired loans with an allowance recorded $ 3,750 $ 222 $ 89 $ — $ — $ 431 $ — $ 4,492 Impaired loans with no allowance recorded 1,209 1,345 1,563 382 — 266 — 4,765 Total loans individually evaluated for impairment 4,959 1,567 1,652 382 — 697 — 9,257 Loans collectively evaluated for impairment 287,517 471,771 47,749 38,267 3,717 8,059 23 857,103 Total loans held for investment $ 292,476 $ 473,338 $ 49,401 $ 38,649 $ 3,717 $ 8,756 $ 23 $ 866,360 Unpaid Principal Balance Impaired loans with an allowance recorded $ 3,750 $ 222 $ 89 $ — $ — $ 431 $ — $ 4,492 Impaired loans with no allowance recorded 1,713 1,424 1,563 833 — 277 — 5,810 Total loans individually evaluated for impairment 5,463 1,646 1,652 833 — 708 — 10,302 Loans collectively evaluated for impairment 287,517 471,771 47,749 38,267 3,717 8,059 23 857,103 Total loans held for investment $ 292,980 $ 473,417 $ 49,401 $ 39,100 $ 3,717 $ 8,767 $ 23 $ 867,405 Related Allowance for Credit Losses Impaired loans with an allowance recorded $ 223 $ 16 $ — $ — $ — $ 13 $ — $ 252 Impaired loans with no allowance recorded — — — — — — — — Total loans individually evaluated for impairment 223 16 — — — 13 — 252 Loans collectively evaluated for impairment 2,386 6,481 1,015 28 24 96 1 10,031 Total loans held for investment $ 2,609 $ 6,497 $ 1,015 $ 28 $ 24 $ 109 $ 1 $ 10,283 Manufactured Housing Commercial Real Estate Commercial SBA HELOC Single Family Real Estate Consumer Total Loans Loans Held for Investment as of December 31, 2020 (in thousands) Recorded Investment: Impaired loans with an allowance recorded $ 4,402 $ 230 $ — $ — $ — $ 449 $ — $ 5,081 Impaired loans with no allowance recorded 2,294 1,468 1,504 292 — 1,860 — 7,418 Total loans individually evaluated for impairment 6,696 1,698 1,504 292 — 2,309 — 12,499 Loans collectively evaluated for impairment 273,588 400,450 56,429 72,839 3,861 8,181 133 815,481 Total loans held for investment $ 280,284 $ 402,148 $ 57,933 $ 73,131 $ 3,861 $ 10,490 $ 133 $ 827,980 Unpaid Principal Balance Impaired loans with an allowance recorded $ 4,402 $ 230 $ — $ — $ — $ 449 $ — $ 5,081 Impaired loans with no allowance recorded 3,066 1,474 1,844 946 — 1,860 — 9,190 Total loans individually evaluated for impairment 7,468 1,704 1,844 946 — 2,309 — 14,271 Loans collectively evaluated for impairment 273,588 400,450 56,429 72,839 3,861 8,181 133 815,481 Total loans held for investment $ 281,056 $ 402,154 $ 58,273 $ 73,785 $ 3,861 $ 10,490 $ 133 $ 829,752 Related Allowance for Credit Losses Impaired loans with an allowance recorded $ 279 $ 16 $ — $ — $ — $ 16 $ — $ 311 Impaired loans with no allowance recorded — — — — — — — — Total loans individually evaluated for impairment 279 16 — — — 16 — 311 Loans collectively evaluated for impairment 2,333 5,934 1,379 118 25 92 2 9,883 Total loans held for investment $ 2,612 $ 5,950 $ 1,379 $ 118 $ 25 $ 108 $ 2 $ 10,194
Recorded Investment in Loans Classified as Impaired	The table below reflects recorded investment in loans classified as impaired: September 30, 2021 December 31, 2020 (in thousands) Impaired loans with a specific valuation allowance under ASC 310 $ 4,492 $ 5,081 Impaired loans without a specific valuation allowance under ASC 310 4,765 7,418 Total impaired loans $ 9,257 $ 12,499 Valuation allowance related to impaired loans $ 252 $ 311
Impaired Loans by Class	The following table summarizes impaired loans by class of loans: September 30, 2021 December 31, 2020 (in thousands) Manufactured housing $ 4,959 $ 6,696 Commercial real estate : Commercial real estate — — SBA 504 1st trust deed 1,567 1,698 Land — — Construction — — Commercial 1,652 1,504 SBA 382 292 HELOC — — Single family real estate 697 2,309 Consumer — — Total $ 9,257 $ 12,499
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 September 30, 2021 2020 Average Investment in Impaired Loans Interest Income Average Investment in Impaired Loans Interest Income (in thousands) Manufactured housing $ 4,961 $ 95 $ 7,493 $ 153 Commercial real estate: Commercial real estate — — 85 — SBA 504 1st trust deed 1,533 4 234 4 Land — — — — Construction — — — — Commercial 1,622 24 1,656 2 SBA 593 4 324 1 HELOC — — — — Single family real estate 1,512 10 2,229 29 Consumer — — — — Total $ 10,221 $ 137 $ 12,021 $ 189 Nine Months Ended September 30, 2021 2020 Average Investment in Impaired Loans Interest Income Average Investment in Impaired Loans Interest Income (in thousands) Manufactured housing $ 5,683 $ 277 $ 7,697 $ 420 Commercial real estate: Commercial real estate — — 84 — SBA 504 1st trust deed 1,615 48 234 13 Land — — — — Construction — — — — Commercial 1,645 78 1,702 5 SBA 480 11 347 1 HELOC — — — — Single family real estate 1,913 91 2,275 88 Consumer — — — — Total $ 11,336 $ 505 $ 12,339 $ 527
Recorded Investment in Certain Types of Loans	The following table reflects the recorded investment in certain types of loans at the periods indicated: September 30, 2021 December 31, 2020 (in thousands) Nonaccrual loans $ 1,843 $ 3,872 Government guaranteed portion of loans included above $ 101 $ 207 Troubled debt restructured loans, gross $ 8,789 $ 11,141 Loans 30 through 89 days past due with interest accruing $ 643 $ 1,889 Loans 90 days or more past due with interest accruing $ — $ — Allowance for loan losses to gross loans held for investment 1.19 % 1.23 %
Composition of Net Nonaccrual Loans	The following table presents the composition of nonaccrual loans by class of loans: September 30, 2021 December 31, 2020 (in thousands) Manufactured housing $ 96 $ 614 Commercial real estate: Commercial real estate — — SBA 504 1st trust deed 1,345 1,469 Land — — Construction — — Commercial — 1,390 SBA 137 275 HELOC — — Single family real estate 265 124 Consumer — — Total $ 1,843 $ 3,872
Gross Loans by Risk Rating	The following tables present gross loans by risk rating: September 30, 2021 Pass Special Mention Substandard Doubtful Total (in thousands) Manufactured housing $ 291,399 $ — $ 1,077 $ — $ 292,476 Commercial real estate: Commercial real estate 405,432 5,038 12,838 — 423,308 SBA 504 1st trust deed 17,451 — 2,283 — 19,734 Land 8,623 — — — 8,623 Construction 20,373 — — — 20,373 Commercial 44,280 — 2,326 — 46,606 SBA 2,117 — 119 — 2,236 HELOC 3,717 — — — 3,717 Single family real estate 8,485 — 271 — 8,756 Consumer 23 — — — 23 Total, net 801,900 5,038 18,914 — 825,852 Government guarantee 38,578 — 1,930 — 40,508 Total $ 840,478 $ 5,038 $ 20,844 $ — $ 866,360 December 31, 2020 Pass Special Mention Substandard Doubtful Total (in thousands) Manufactured housing $ 278,826 $ — $ 1,458 $ — $ 280,284 Commercial real estate: Commercial real estate 340,391 6,265 12,362 — 359,018 SBA 504 1st trust deed 14,877 — 3,015 — 17,892 Land 6,528 — — — 6,528 Construction 15,344 — 2,039 — 17,383 Commercial 48,776 823 3,419 — 53,018 SBA 2,554 34 263 — 2,851 HELOC 3,861 — — — 3,861 Single family real estate 10,361 — 129 — 10,490 Consumer 133 — — — 133 Total, net 721,651 7,122 22,685 $ — 751,458 Government guarantee 72,876 — 3,646 — 76,522 Total $ 794,527 $ 7,122 $ 26,331 $ — $ 827,980
Troubled Debt Restructurings	The following tables summarize the financial effects of TDR loans by loan class for the periods presented: There were no new TDR loans for the three months ended September 30, 2021. For the Three Months Ended September 30, 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 4 $ 300 $ 300 $ — $ — $ — SBA 1 17 17 — — — Total 5 $ 317 $ 317 $ — $ — $ — For the Nine Months Ended September 30, 2021 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 $ 167 $ 167 $ — $ — $ — Total 1 $ 167 $ 167 $ — $ — $ — For the Nine Months Ended September 30, 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 5 356 356 56 56 1 SBA 1 $ 17 $ 17 $ — $ — $ — Total 6 $ 373 $ 373 $ 56 $ 56 $ 1

OTHER ASSETS ACQUIRED THROUGH_2

OTHER ASSETS ACQUIRED THROUGH FORECLOSURE (Tables)	9 Months Ended
	Sep. 30, 2021
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 September 30, Nine Months Ended September 30, 2021 2020 2021 2020 (in thousands) Balance, beginning of period $ 2,572 $ 2,707 $ 2,614 $ 2,524 Additions — — 136 106 Proceeds from dispositions — — — — (Loss) gain on sales, net — — (178 ) 77 Third-party portion of writedown/loss — — — — Balance, end of period $ 2,572 $ 2,707 $ 2,572 $ 2,707

FAIR VALUE MEASUREMENT (Tables)

FAIR VALUE MEASUREMENT (Tables)	9 Months Ended
	Sep. 30, 2021
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 September 30 2021 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 $ 217 $ — $ — $ 217 Investment securities available-for-sale — 20,489 — 20,489 Interest only strips — — 18 18 Servicing assets — — 1,570 1,570 Total $ 217 $ 20,489 $ 1,588 $ 22,294 Fair Value Measurements at the End of the Reporting Period Using: December 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 $ 149 $ — $ — $ 149 Investment securities available-for-sale — 12,759 1,498 14,257 Interest only strips — — 27 27 Servicing assets — — 1,461 1,461 Total $ 149 $ 12,759 $ 2,986 $ 15,894
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) September 30 2021 Impaired loans $ 3,587 $ — $ 3,587 $ — Loans held for sale 26,553 — 26,553 — Foreclosed real estate and repossessed assets 2,572 — 2,572 — Total $ 32,712 $ — $ 32,712 $ — 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, 2020 Impaired loans $ 3,910 $ — $ 3,910 $ — Loans held for sale 34,383 — 34,383 — Foreclosed real estate and repossessed assets 2,614 — 2,614 — Total $ 40,907 $ — $ 40,907 $ —
Estimated Fair Values and Carrying Values of Financial Instruments	The estimated fair value of the Company’s financial instruments are as follows: September 30, 2021 Carrying Fair Value Amount Level 1 Level 2 Level 3 Total Financial assets: (in thousands) Cash and cash equivalents $ 186,935 $ 186,935 $ — $ — $ 186,935 FRB and FHLB stock 4,441 — 4,441 — 4,441 Investment securities 23,608 217 23,565 — 23,782 Loans, net 880,312 — 898,789 5,418 904,207 Financial liabilities: Deposits 931,942 — 930,220 — 930,220 Other borrowings 90,000 — 90,373 — 90,373 December 31, 2020 Carrying Fair Value Amount Level 1 Level 2 Level 3 Total Financial assets: (in thousands) Cash and cash equivalents $ 60,540 $ 60,540 $ — $ — $ 60,540 FRB and FHLB stock 4,633 — 4,633 — 4,633 Investment securities 22,043 149 22,162 — 22,311 Loans, net 847,383 — 845,302 8,278 853,580 Financial liabilities: Deposits 766,185 — 765,565 — 765,565 Other borrowings 105,000 — 106,051 — 106,051

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	9 Months Ended
	Sep. 30, 2021
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 September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Unrealized holding gains (losses) on AFS Unrealized holding gains (losses) on AFS (in thousands) Beginning balance $ 150 $ (53 ) $ 35 $ (78 ) Other comprehensive income (loss) before reclassifications (12 ) 70 103 95 Amounts reclassified from accumulated other comprehensive income (loss) — — — — Net current-period other comprehensive income (loss) (12 ) 70 103 95 Ending Balance $ 138 $ 17 $ 138 $ 17

CAPITAL REQUIREMENT (Tables)

CAPITAL REQUIREMENT (Tables)	9 Months Ended
	Sep. 30, 2021
CAPITAL REQUIREMENT [Abstract]
Bank's Regulatory Ratios and Federal Reserve's Current Adequacy Guidelines	The following tables illustrate the Bank’s regulatory ratios and the Federal Reserve’s current adequacy guidelines as of September 30, 2021 and December 31, 2020. 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 (1) September 30 2021 CWB's actual regulatory ratios 12.11 % 10.93 % 10.93 % 8.59 % 8.59 % 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 (1) Temporary CBLR requires minimum of 8.50% to be considered well-capitalized until January 1, 2022. 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 2020 CWB's actual regulatory ratios 12.27 % 11.02 % 11.02 % 9.29 % 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)	9 Months Ended
	Sep. 30, 2021
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 September 30, Nine Months Ended September 30, 2021 2020 2021 2020 In-scope of Topic 606: (in thousands) Service charges on deposit accounts $ 59 $ 57 $ 171 $ 228 Exchange fees and other service charges 125 46 346 116 Non-interest income (in-scope of Topic 606) 184 103 516 344 Non-interest income (out-of-scope of Topic 606) 856 1,249 2,293 2,598 Total $ 1,040 $ 1,352 $ 2,809 $ 2,942

LEASES (Tables)

LEASES (Tables)	9 Months Ended
	Sep. 30, 2021
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 Nine Months Ended September 30, 2021 2020 Lease cost: (in thousands) Operating lease cost 1,000 1,099 Sublease income — — Total lease cost 1,000 1,099 Other information Cash paid for amounts included in the measurement of lease liabilities — — Operating cash flows from operating leases 991 1,068 Weighted average remaining lease term - operating leases 8.30 years 8.93 years Weighted average discount rate - operating leases 3.25 % 3.22 %
Future Minimum Operating Lease Payments	Future minimum operating lease payments: September 30, 2021 2020 (in thousands) 2020 $ — $ 247 2021 248 992 2022 887 887 2023 813 813 2024 821 821 2025 768 768 Thereafter 2,586 2,585 Total future minimum lease payments $ 6,123 $ 7,113 Less remaining imputed interest 777 960 Total lease liabilities $ 5,346 $ 6,153

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) $ in Millions	9 Months Ended
	Sep. 30, 2021USD ($)PaymentCategory
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
COVID19 [Member]
Loans Held for Investment and Interest and Fees from Loans [Abstract]
Number of days on new deferral program for modifications of payment deferrals	90 days
Amount of loans modified due to COVID-19 | $	$ 0
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	4
Number of categories considered to be acceptable loans	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
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
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

INVESTMENT SECURITIES, Securiti

INVESTMENT SECURITIES, Securities Available-for-Sale (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Securities available-for-sale [Abstract]
Amortized cost	$ 20,300	$ 17,266
Gross unrealized gains	207	87
Gross unrealized (losses)	(18)	(45)
Fair value	20,489	17,308
U.S. Government Agency Notes [Member]
Securities available-for-sale [Abstract]
Amortized cost	5,729	6,501
Gross unrealized gains	34	1
Gross unrealized (losses)	0	(30)
Fair value	5,763	6,472
U.S. Government Agency Collateralized Mortgage Obligations ("CMO") [Member]
Securities available-for-sale [Abstract]
Amortized cost	5,321	7,765
Gross unrealized gains	31	33
Gross unrealized (losses)	(8)	(13)
Fair value	5,344	7,785
Corporate Subordinated Notes [Member]
Securities available-for-sale [Abstract]
Amortized cost	9,250	3,000
Gross unrealized gains	142	53
Gross unrealized (losses)	(10)	(2)
Fair value	$ 9,382	$ 3,051

INVESTMENT SECURITIES, Securi_2

INVESTMENT SECURITIES, Securities Held-to-Maturity (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Securities held-to-maturity [Abstract]
Amortized cost	$ 2,902	$ 4,586
Gross unrealized gains	176	269
Gross unrealized (losses)	(1)	(1)
Fair value	3,077	4,854
U.S. Government Agency Mortgage Backed Securities ("MBS") [Member]
Securities held-to-maturity [Abstract]
Amortized cost	2,902	4,586
Gross unrealized gains	176	269
Gross unrealized (losses)	(1)	(1)
Fair value	$ 3,077	$ 4,854

INVESTMENT SECURITIES, Securi_3

INVESTMENT SECURITIES, Securities Measured at Fair Value (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Securities measured at fair value [Abstract]
Amortized cost	$ 66	$ 66
Gross unrealized gains	151	83
Gross unrealized (losses)	0	0
Fair value	217	149
Equity Securities: Farmer Mac Class A Stock [Member]
Securities measured at fair value [Abstract]
Amortized cost	66	66
Gross unrealized gains	151	83
Gross unrealized losses	0	0
Fair value	217	149
Fair value	$ 217	$ 149

INVESTMENT SECURITIES, Securi_4

INVESTMENT SECURITIES, Securities Pledged as Collateral (Details) - USD ($) $ in Millions	Sep. 30, 2021	Dec. 31, 2020
INVESTMENT SECURITIES [Abstract]
Securities pledged as collateral to the Federal Home Loan Bank ("FHLB")	$ 14	$ 18.9

INVESTMENT SECURITIES, Maturity

INVESTMENT SECURITIES, Maturity Periods and Weighted Average Yields (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Maturity periods and weighted average yields of investment securities available-for-sale [Abstract]
Less than one year, amount	$ 47	$ 820
Less than one year, yield	1.80%	0.00%
One to five years, amount	$ 13,671	$ 9,667
One to five years, yield	2.60%	1.90%
Five to ten years, amount	$ 6,771	$ 6,821
Five to ten years, yield	1.40%	1.50%
Over ten years, amount	$ 0	$ 0
Over ten years, yield	0.00%	0.00%
Total amount	$ 20,489	$ 17,308
Total yield	2.20%	1.60%
Securities measured at fair value, amount	$ 217	$ 149
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	$ 2,148	$ 3,821
One to five years, yield	3.00%	2.80%
Five to ten years, amount	$ 754	$ 765
Five to ten years, yield	3.60%	3.60%
Over ten years, amount	$ 0	$ 0
Over ten years, yield	0.00%	0.00%
Total amount	$ 2,902	$ 4,586
Total yield	3.00%	2.90%
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	$ 744	$ 784
One to five years, yield	0.60%	0.60%
Five to ten years, amount	$ 5,019	$ 5,688
Five to ten years, yield	1.30%	1.70%
Over ten years, amount	$ 0	$ 0
Over ten years, yield	0.00%	0.00%
Total amount	$ 5,763	$ 6,472
Total yield	1.20%	1.20%
U.S. Government Agency CMO [Member]
Maturity periods and weighted average yields of investment securities available-for-sale [Abstract]
Less than one year, amount	$ 47	$ 820
Less than one year, yield	1.80%	1.70%
One to five years, amount	$ 4,290	$ 5,832
One to five years, yield	0.40%	0.60%
Five to ten years, amount	$ 1,007	$ 1,133
Five to ten years, yield	0.70%	0.80%
Over ten years, amount	$ 0	$ 0
Over ten years, yield	0.00%	0.00%
Total amount	$ 5,344	$ 7,785
Total yield	0.50%	2.30%
Corporate Subordinated 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	$ 8,637	$ 3,051
One to five years, yield	3.80%	4.80%
Five to ten years, amount	$ 745	$ 0
Five to ten years, yield	3.30%	0.00%
Over ten years, amount	$ 0	$ 0
Over ten years, yield	0.00%	0.00%
Total amount	$ 9,382	$ 3,051
Total yield	3.90%	4.80%
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	$ 2,148	$ 3,821
One to five years, yield	3.00%	2.80%
Five to ten years, amount	$ 754	$ 765
Five to ten years, yield	3.60%	3.60%
Over ten years, amount	$ 0	$ 0
Over ten years, yield	0.00%	0.00%
Total amount	$ 2,902	$ 4,586
Total yield	3.00%	2.90%
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	$ 217	$ 149
Securities measured at fair value, yield	0.00%	0.00%

INVESTMENT SECURITIES, Investme

INVESTMENT SECURITIES, Investment Securities by Contractual Maturities (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Securities available-for-sale, Amortized Cost [Abstract]
Due in one year or less	$ 47	$ 817
After one year through five years	13,497	9,594
After five years through ten years	6,756	6,855
After ten years	0	0
Amortized cost	20,300	17,266
Securities available for sale, Estimated Fair Value [Abstract]
Due in one year or less	47	820
After one year through five years	13,671	9,667
After five years through ten years	6,771	6,821
After ten years	0	0
Estimated fair value	20,489	17,308
Securities held to maturity, Amortized Cost [Abstract]
Due in one year or less	0	0
After one year through five years	2,148	3,821
After five years through ten years	754	765
After ten years	0	0
Amortized cost	2,902	4,586
Securities held to maturity, Estimated Fair Value [Abstract]
Due in one year or less	0	0
After one year through five years	2,233	3,965
After five years through ten years	844	889
After ten years	0	0
Estimated fair value	3,077	4,854
Securities measured at fair value [Abstract]
Amortized cost	66	66
Fair value	$ 217	$ 149

INVESTMENT SECURITIES, Unrealiz

INVESTMENT SECURITIES, Unrealized Loss Positions (Details) $ in Thousands	Sep. 30, 2021USD ($)Security	Dec. 31, 2020USD ($)Security
Securities available-for-sale, continuous unrealized loss position [Abstract]
Less than twelve months, gross unrealized losses	$ 10	$ 2
More than twelve months, gross unrealized losses	8	43
Total, gross unrealized losses	18	45
Less than twelve months, fair value	2,240	1,498
More than twelve months, fair value	1,007	6,805
Total, fair value	3,247	8,303
Securities held-to-maturity, continuous unrealized loss position [Abstract]
Less than twelve months, gross unrealized losses	1	1
More than twelve months, gross unrealized losses	0	0
Total, gross unrealized losses	1	1
Less than twelve months, fair value	181	185
More than twelve months, fair value	0	0
Total, fair value	181	185
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	5	13
U.S. Government Agency Notes [Member]
Securities available-for-sale, continuous unrealized loss position [Abstract]
Less than twelve months, gross unrealized losses	$ 0	$ 0
More than twelve months, gross unrealized losses	0	7
Total, gross unrealized losses	0	7
Less than twelve months, fair value	0	0
More than twelve months, fair value	0	784
Total, fair value	0	784
U.S. Government Agency CMO [Member]
Securities available-for-sale, continuous unrealized loss position [Abstract]
Less than twelve months, gross unrealized losses	0	0
More than twelve months, gross unrealized losses	8	36
Total, gross unrealized losses	8	36
Less than twelve months, fair value	0	0
More than twelve months, fair value	1,007	6,021
Total, fair value	1,007	6,021
Corporate Subordinated Notes [Member]
Securities available-for-sale, continuous unrealized loss position [Abstract]
Less than twelve months, gross unrealized losses	10	2
More than twelve months, gross unrealized losses	0	0
Total, gross unrealized losses	10	2
Less than twelve months, fair value	2,240	1,498
More than twelve months, fair value	0	0
Total, fair value	2,240	1,498
U.S. Government Agency MBS [Member]
Securities held-to-maturity, continuous unrealized loss position [Abstract]
Less than twelve months, gross unrealized losses	1	1
More than twelve months, gross unrealized losses	0	0
Total, gross unrealized losses	1	1
Less than twelve months, fair value	181	185
More than twelve months, fair value	0	0
Total, fair value	181	185
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	Sep. 30, 2021	Dec. 31, 2020
Loans Held for Sale [Abstract]
Loans included in loans held for sale	$ 24,400	$ 31,229
SBA [Member]
Loans Held for Sale [Abstract]
Loans included in loans held for sale	7,100	8,300
Principal balance of loan serviced	3,300	4,000
US Department of Agriculture [Member]
Loans Held for Sale [Abstract]
Loans included in loans held for sale	17,300	22,900
Principal balance of loan serviced	$ 800	$ 1,900

LOANS HELD FOR INVESTMENT, Loan

LOANS HELD FOR INVESTMENT, Loan Portfolio (Details) - USD ($) $ in Thousands	Sep. 30, 2021		Jun. 30, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Dec. 31, 2019
Loans held for investment [Abstract]
Loans held for investment, gross	$ 866,360			$ 827,980
Allowance for loan losses	(10,283)		$ (10,240)	(10,194)	$ (10,197)	$ (10,008)	$ (8,717)
Deferred fees, net	(1,411)			(1,583)
Discount on SBA loans	(39)			(49)
Other loans in process	1,285			0
Total loans held for investment, net	855,912			816,154
Manufactured Housing [Member]
Loans held for investment [Abstract]
Loans held for investment, gross	292,476			280,284
Allowance for loan losses	(2,609)		(2,630)	(2,612)	(2,615)	(2,470)	(2,184)
Commercial Real Estate [Member]
Loans held for investment [Abstract]
Loans held for investment, gross	473,338			402,148
Allowance for loan losses	(6,497)		(6,328)	(5,950)	(5,879)	(5,759)	(5,217)
Commercial [Member]
Loans held for investment [Abstract]
Loans held for investment, gross	49,401			57,933
Allowance for loan losses	(1,015)		(1,020)	(1,379)	(1,441)	(1,503)	(1,162)
SBA [Member]
Loans held for investment [Abstract]
Loans held for investment, gross	38,649	[1]		73,131
Allowance for loan losses	(28)		(114)	(118)	(127)	(128)	(32)
SBA Paycheck Protection Program [Member]
Loans held for investment [Abstract]
Loans held for investment, gross	36,100			69,500
HELOC [Member]
Loans held for investment [Abstract]
Loans held for investment, gross	3,717			3,861
Allowance for loan losses	(24)		(25)	(25)	(25)	(26)	(27)
Single Family Real Estate [Member]
Loans held for investment [Abstract]
Loans held for investment, gross	8,756			10,490
Allowance for loan losses	(109)		(122)	(108)	(108)	(120)	(92)
Consumer [Member]
Loans held for investment [Abstract]
Loans held for investment, gross	23			133
Allowance for loan losses	$ (1)		$ (1)	$ (2)	$ (2)	$ (2)	$ (3)
[1]	Includes $36.1 million and $69.5 million of SBA Paycheck Protection Program (PPP) loans as of September 30, 2021 and December 31, 2020, respectively.

LOANS HELD FOR INVESTMENT, Fina

LOANS HELD FOR INVESTMENT, Financing Receivables Past Due (Details) - USD ($) $ in Thousands	Sep. 30, 2021		Dec. 31, 2020
Aging of loans held for investment [Abstract]
Total loans held for investment	$ 866,360		$ 827,980
Nonaccrual	1,843		3,872
Recorded investment over 90 days and accruing	0		0
Current [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	863,874		822,219
Total Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	643		1,889
30-59 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	526		1,808
60-89 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	117		81
Over 90 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	0		0
Manufactured Housing [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	292,476		280,284
Nonaccrual	96		614
Recorded investment over 90 days and accruing	0		0
Manufactured Housing [Member] | Current [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	292,025		277,873
Manufactured Housing [Member] | Total Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	355		1,797
Manufactured Housing [Member] | 30-59 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	238		1,716
Manufactured Housing [Member] | 60-89 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	117		81
Manufactured Housing [Member] | Over 90 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	0		0
Commercial Real Estate [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	473,338		402,148
Commercial Real Estate [Member] | Commercial Real Estate [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	424,608		360,345
Nonaccrual	0		0
Recorded investment over 90 days and accruing	0		0
Commercial Real Estate [Member] | Commercial Real Estate [Member] | Current [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	424,377		360,345
Commercial Real Estate [Member] | Commercial Real Estate [Member] | Total Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	231		0
Commercial Real Estate [Member] | Commercial Real Estate [Member] | 30-59 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	231		0
Commercial Real Estate [Member] | Commercial Real Estate [Member] | 60-89 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	0		0
Commercial Real Estate [Member] | Commercial Real Estate [Member] | Over 90 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	0		0
Commercial Real Estate [Member] | SBA 504 1st Trust Deed [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	19,734		17,892
Nonaccrual	1,345		1,469
Recorded investment over 90 days and accruing	0		0
Commercial Real Estate [Member] | SBA 504 1st Trust Deed [Member] | Current [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	18,389		16,423
Commercial Real Estate [Member] | SBA 504 1st Trust Deed [Member] | Total Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	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 loans held for investment	0		0
Commercial Real Estate [Member] | SBA 504 1st Trust Deed [Member] | 60-89 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	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 loans held for investment	0		0
Commercial Real Estate [Member] | Land [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	8,623		6,528
Nonaccrual	0		0
Recorded investment over 90 days and accruing	0		0
Commercial Real Estate [Member] | Land [Member] | Current [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	8,623		6,528
Commercial Real Estate [Member] | Land [Member] | Total Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	0		0
Commercial Real Estate [Member] | Land [Member] | 30-59 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	0		0
Commercial Real Estate [Member] | Land [Member] | 60-89 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	0		0
Commercial Real Estate [Member] | Land [Member] | Over 90 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	0		0
Commercial Real Estate [Member] | Construction [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	20,373		17,383
Nonaccrual	0		0
Recorded investment over 90 days and accruing	0		0
Commercial Real Estate [Member] | Construction [Member] | Current [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	20,373		17,383
Commercial Real Estate [Member] | Construction [Member] | Total Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	0		0
Commercial Real Estate [Member] | Construction [Member] | 30-59 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	0		0
Commercial Real Estate [Member] | Construction [Member] | 60-89 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	0		0
Commercial Real Estate [Member] | Construction [Member] | Over 90 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	0		0
Commercial [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	49,401		57,933
Nonaccrual	0		1,390
Recorded investment over 90 days and accruing	0		0
Commercial [Member] | Current [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	49,401		56,451
Commercial [Member] | Total Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	0		92
Commercial [Member] | 30-59 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	0		92
Commercial [Member] | 60-89 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	0		0
Commercial [Member] | Over 90 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	0		0
SBA [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	38,649	[1]	73,131
Nonaccrual	137		275
Recorded investment over 90 days and accruing	0		0
SBA [Member] | Current [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	38,455		72,856
SBA [Member] | Total Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	57		0
SBA [Member] | 30-59 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	57		0
SBA [Member] | 60-89 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	0		0
SBA [Member] | Over 90 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	0		0
HELOC [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	3,717		3,861
Nonaccrual	0		0
Recorded investment over 90 days and accruing	0		0
HELOC [Member] | Current [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	3,717		3,861
HELOC [Member] | Total Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	0		0
HELOC [Member] | 30-59 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	0		0
HELOC [Member] | 60-89 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	0		0
HELOC [Member] | Over 90 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	0		0
Single Family Real Estate [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	8,756		10,490
Nonaccrual	265		124
Recorded investment over 90 days and accruing	0		0
Single Family Real Estate [Member] | Current [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	8,491		10,366
Single Family Real Estate [Member] | Total Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	0		0
Single Family Real Estate [Member] | 30-59 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	0		0
Single Family Real Estate [Member] | 60-89 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	0		0
Single Family Real Estate [Member] | Over 90 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	0		0
Consumer [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	23		133
Nonaccrual	0		0
Recorded investment over 90 days and accruing	0		0
Consumer [Member] | Current [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	23		133
Consumer [Member] | Total Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	0		0
Consumer [Member] | 30-59 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	0		0
Consumer [Member] | 60-89 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	0		0
Consumer [Member] | Over 90 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	$ 0		$ 0
[1]	Includes $36.1 million and $69.5 million of SBA Paycheck Protection Program (PPP) loans as of September 30, 2021 and December 31, 2020, respectively.

LOANS HELD FOR INVESTMENT, Allo

LOANS HELD FOR INVESTMENT, Allowance for Credit Losses by Portfolio Type (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Summary of allowance for loan losses [Roll Forward]
Beginning balance	$ 10,240,000	$ 10,008,000	$ 10,194,000	$ 8,717,000
Charge-offs	0	0	0	0
Recoveries	36,000	76,000	296,000	213,000
Net recoveries	36,000	76,000	296,000	213,000
Provision (credit)	7,000	113,000	(207,000)	1,267,000
Ending balance	10,283,000	10,197,000	10,283,000	10,197,000
Reserve for credit losses on undisbursed loans	106,000		106,000		$ 92,000
Manufactured Housing [Member]
Summary of allowance for loan losses [Roll Forward]
Beginning balance	2,630,000	2,470,000	2,612,000	2,184,000
Charge-offs	0	0	0	0
Recoveries	4,000	7,000	155,000	20,000
Net recoveries	4,000	7,000	155,000	20,000
Provision (credit)	(25,000)	138,000	(158,000)	411,000
Ending balance	2,609,000	2,615,000	2,609,000	2,615,000
Commercial Real Estate [Member]
Summary of allowance for loan losses [Roll Forward]
Beginning balance	6,328,000	5,759,000	5,950,000	5,217,000
Charge-offs	0	0	0	0
Recoveries	20,000	20,000	60,000	60,000
Net recoveries	20,000	20,000	60,000	60,000
Provision (credit)	149,000	100,000	487,000	602,000
Ending balance	6,497,000	5,879,000	6,497,000	5,879,000
Commercial [Member]
Summary of allowance for loan losses [Roll Forward]
Beginning balance	1,020,000	1,503,000	1,379,000	1,162,000
Charge-offs	0	0	0	0
Recoveries	10,000	47,000	30,000	121,000
Net recoveries	10,000	47,000	30,000	121,000
Provision (credit)	(15,000)	(109,000)	(394,000)	158,000
Ending balance	1,015,000	1,441,000	1,015,000	1,441,000
SBA [Member]
Summary of allowance for loan losses [Roll Forward]
Beginning balance	114,000	128,000	118,000	32,000
Charge-offs	0	0	0	0
Recoveries	1,000	0	46,000	6,000
Net recoveries	1,000	0	46,000	6,000
Provision (credit)	(87,000)	(1,000)	(136,000)	89,000
Ending balance	28,000	127,000	28,000	127,000
HELOC [Member]
Summary of allowance for loan losses [Roll Forward]
Beginning balance	25,000	26,000	25,000	27,000
Charge-offs	0	0	0	0
Recoveries	1,000	2,000	4,000	5,000
Net recoveries	1,000	2,000	4,000	5,000
Provision (credit)	(2,000)	(3,000)	(5,000)	(7,000)
Ending balance	24,000	25,000	24,000	25,000
Single Family Real Estate [Member]
Summary of allowance for loan losses [Roll Forward]
Beginning balance	122,000	120,000	108,000	92,000
Charge-offs	0	0	0	0
Recoveries	0	0	1,000	1,000
Net recoveries	0	0	1,000	1,000
Provision (credit)	(13,000)	(12,000)	0	15,000
Ending balance	109,000	108,000	109,000	108,000
Consumer [Member]
Summary of allowance for loan losses [Roll Forward]
Beginning balance	1,000	2,000	2,000	3,000
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Net recoveries	0	0	0	0
Provision (credit)	0	0	(1,000)	(1,000)
Ending balance	$ 1,000	$ 2,000	$ 1,000	$ 2,000

LOANS HELD FOR INVESTMENT, Impa

LOANS HELD FOR INVESTMENT, Impaired Financing Receivables (Details) - USD ($) $ in Thousands	Sep. 30, 2021		Jun. 30, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Dec. 31, 2019
Recorded Investment [Abstract]
Impaired loans with an allowance recorded	$ 4,492			$ 5,081
Impaired loans with no allowance recorded	4,765			7,418
Total loans individually evaluated for impairment	9,257			12,499
Loans collectively evaluated for impairment	857,103			815,481
Total loans held for investment	866,360			827,980
Unpaid Principal Balance [Abstract]
Impaired loans with an allowance recorded	4,492			5,081
Impaired loans with no allowance recorded	5,810			9,190
Total loans individually evaluated for impairment	10,302			14,271
Loans collectively evaluated for impairment	857,103			815,481
Total loans held for investment	867,405			829,752
Related Allowance for Credit Losses [Abstract]
Impaired loans with an allowance recorded	252			311
Impaired loans with no allowance recorded	0			0
Total loans individually evaluated for impairment	252			311
Loans collectively evaluated for impairment	10,031			9,883
Total loans held for investment	10,283		$ 10,240	10,194	$ 10,197	$ 10,008	$ 8,717
Impaired loans with a specific valuation allowance under ASC 310	4,492			5,081
Impaired loans without a specific valuation allowance under ASC 310	4,765			7,418
Total impaired loans	9,257			12,499
Valuation allowance related to impaired loans	252			311
Loans Guaranteed by Government Agencies [Member]
Related Allowance for Credit Losses [Abstract]
Total impaired loans	600			700
Manufactured Housing [Member]
Recorded Investment [Abstract]
Impaired loans with an allowance recorded	3,750			4,402
Impaired loans with no allowance recorded	1,209			2,294
Total loans individually evaluated for impairment	4,959			6,696
Loans collectively evaluated for impairment	287,517			273,588
Total loans held for investment	292,476			280,284
Unpaid Principal Balance [Abstract]
Impaired loans with an allowance recorded	3,750			4,402
Impaired loans with no allowance recorded	1,713			3,066
Total loans individually evaluated for impairment	5,463			7,468
Loans collectively evaluated for impairment	287,517			273,588
Total loans held for investment	292,980			281,056
Related Allowance for Credit Losses [Abstract]
Impaired loans with an allowance recorded	223			279
Impaired loans with no allowance recorded	0			0
Total loans individually evaluated for impairment	223			279
Loans collectively evaluated for impairment	2,386			2,333
Total loans held for investment	2,609		2,630	2,612	2,615	2,470	2,184
Impaired loans with a specific valuation allowance under ASC 310	3,750			4,402
Impaired loans without a specific valuation allowance under ASC 310	1,209			2,294
Total impaired loans	4,959			6,696
Valuation allowance related to impaired loans	223			279
Commercial Real Estate [Member]
Recorded Investment [Abstract]
Impaired loans with an allowance recorded	222			230
Impaired loans with no allowance recorded	1,345			1,468
Total loans individually evaluated for impairment	1,567			1,698
Loans collectively evaluated for impairment	471,771			400,450
Total loans held for investment	473,338			402,148
Unpaid Principal Balance [Abstract]
Impaired loans with an allowance recorded	222			230
Impaired loans with no allowance recorded	1,424			1,474
Total loans individually evaluated for impairment	1,646			1,704
Loans collectively evaluated for impairment	471,771			400,450
Total loans held for investment	473,417			402,154
Related Allowance for Credit Losses [Abstract]
Impaired loans with an allowance recorded	16			16
Impaired loans with no allowance recorded	0			0
Total loans individually evaluated for impairment	16			16
Loans collectively evaluated for impairment	6,481			5,934
Total loans held for investment	6,497		6,328	5,950	5,879	5,759	5,217
Impaired loans with a specific valuation allowance under ASC 310	222			230
Impaired loans without a specific valuation allowance under ASC 310	1,345			1,468
Valuation allowance related to impaired loans	16			16
Commercial [Member]
Recorded Investment [Abstract]
Impaired loans with an allowance recorded	89			0
Impaired loans with no allowance recorded	1,563			1,504
Total loans individually evaluated for impairment	1,652			1,504
Loans collectively evaluated for impairment	47,749			56,429
Total loans held for investment	49,401			57,933
Unpaid Principal Balance [Abstract]
Impaired loans with an allowance recorded	89			0
Impaired loans with no allowance recorded	1,563			1,844
Total loans individually evaluated for impairment	1,652			1,844
Loans collectively evaluated for impairment	47,749			56,429
Total loans held for investment	49,401			58,273
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	1,015			1,379
Total loans held for investment	1,015		1,020	1,379	1,441	1,503	1,162
Impaired loans with a specific valuation allowance under ASC 310	89			0
Impaired loans without a specific valuation allowance under ASC 310	1,563			1,504
Total impaired loans	1,652			1,504
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	382			292
Total loans individually evaluated for impairment	382			292
Loans collectively evaluated for impairment	38,267			72,839
Total loans held for investment	38,649	[1]		73,131
Unpaid Principal Balance [Abstract]
Impaired loans with an allowance recorded	0			0
Impaired loans with no allowance recorded	833			946
Total loans individually evaluated for impairment	833			946
Loans collectively evaluated for impairment	38,267			72,839
Total loans held for investment	39,100			73,785
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	28			118
Total loans held for investment	28		114	118	127	128	32
Impaired loans with a specific valuation allowance under ASC 310	0			0
Impaired loans without a specific valuation allowance under ASC 310	382			292
Total impaired loans	382			292
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	3,717			3,861
Total loans held for investment	3,717			3,861
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	3,717			3,861
Total loans held for investment	3,717			3,861
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	24			25
Total loans held for investment	24		25	25	25	26	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	431			449
Impaired loans with no allowance recorded	266			1,860
Total loans individually evaluated for impairment	697			2,309
Loans collectively evaluated for impairment	8,059			8,181
Total loans held for investment	8,756			10,490
Unpaid Principal Balance [Abstract]
Impaired loans with an allowance recorded	431			449
Impaired loans with no allowance recorded	277			1,860
Total loans individually evaluated for impairment	708			2,309
Loans collectively evaluated for impairment	8,059			8,181
Total loans held for investment	8,767			10,490
Related Allowance for Credit Losses [Abstract]
Impaired loans with an allowance recorded	13			16
Impaired loans with no allowance recorded	0			0
Total loans individually evaluated for impairment	13			16
Loans collectively evaluated for impairment	96			92
Total loans held for investment	109		122	108	108	120	92
Impaired loans with a specific valuation allowance under ASC 310	431			449
Impaired loans without a specific valuation allowance under ASC 310	266			1,860
Total impaired loans	697			2,309
Valuation allowance related to impaired loans	13			16
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	23			133
Total loans held for investment	23			133
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	23			133
Total loans held for investment	23			133
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			2
Total loans held for investment	1		$ 1	2	$ 2	$ 2	$ 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
[1]	Includes $36.1 million and $69.5 million of SBA Paycheck Protection Program (PPP) loans as of September 30, 2021 and December 31, 2020, respectively.

LOANS HELD FOR INVESTMENT, Im_2

LOANS HELD FOR INVESTMENT, Impaired Loans by Class of Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Impaired financing receivable recorded investment net [Abstract]
Impaired loans	$ 9,257	$ 12,499
Manufactured Housing [Member]
Impaired financing receivable recorded investment net [Abstract]
Impaired loans	4,959	6,696
Commercial Real Estate [Member] | Commercial Real Estate [Member]
Impaired financing receivable recorded investment net [Abstract]
Impaired loans	0	0
Commercial Real Estate [Member] | SBA 504 1st Trust Deed [Member]
Impaired financing receivable recorded investment net [Abstract]
Impaired loans	1,567	1,698
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	1,652	1,504
SBA [Member]
Impaired financing receivable recorded investment net [Abstract]
Impaired loans	382	292
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	697	2,309
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		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Average recorded investment and interest income recognized [Abstract]
Average investment in impaired loans	$ 10,221	$ 12,021	$ 11,336	$ 12,339
Interest income	137	189	505	527
Manufactured Housing [Member]
Average recorded investment and interest income recognized [Abstract]
Average investment in impaired loans	4,961	7,493	5,683	7,697
Interest income	95	153	277	420
Commercial Real Estate [Member] | Commercial Real Estate [Member]
Average recorded investment and interest income recognized [Abstract]
Average investment in impaired loans	0	85	0	84
Interest income	0	0	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	1,533	234	1,615	234
Interest income	4	4	48	13
Commercial Real Estate [Member] | Land [Member]
Average recorded investment and interest income recognized [Abstract]
Average investment in impaired loans	0	0	0	0
Interest income	0	0	0	0
Commercial Real Estate [Member] | Construction [Member]
Average recorded investment and interest income recognized [Abstract]
Average investment in impaired loans	0	0	0	0
Interest income	0	0	0	0
Commercial [Member]
Average recorded investment and interest income recognized [Abstract]
Average investment in impaired loans	1,622	1,656	1,645	1,702
Interest income	24	2	78	5
SBA [Member]
Average recorded investment and interest income recognized [Abstract]
Average investment in impaired loans	593	324	480	347
Interest income	4	1	11	1
HELOC [Member]
Average recorded investment and interest income recognized [Abstract]
Average investment in impaired loans	0	0	0	0
Interest income	0	0	0	0
Single Family Real Estate [Member]
Average recorded investment and interest income recognized [Abstract]
Average investment in impaired loans	1,512	2,229	1,913	2,275
Interest income	10	29	91	88
Consumer [Member]
Average recorded investment and interest income recognized [Abstract]
Average investment in impaired loans	0	0	0	0
Interest income	$ 0	$ 0	$ 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		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Financing receivable recorded investment [Abstract]
Nonaccrual loans	$ 1,843		$ 1,843		$ 3,872
Government guaranteed portion of loans included above	101		101		207
Troubled debt restructured loans, gross	8,789		8,789		11,141
Loans 30 through 89 days past due with interest accruing	643		643		1,889
Loans 90 days or more past due with interest accruing	$ 0		$ 0		$ 0
Allowance for loan losses to gross loans held for investment	1.19%		1.19%		1.23%
Period past due after which accrual of interest is discontinued			90 days
Foregone interest on nonaccrual and troubled debt restructured loans	$ 35	$ 100	$ 100	$ 200

LOANS HELD FOR INVESTMENT, Nona

LOANS HELD FOR INVESTMENT, Nonaccrual Loans, Net of SBA Guarantee (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Composition of Nonaccrual Loans, net of SBA guarantee [Abstract]
Nonaccrual loans	$ 1,843	$ 3,872
Loans Guaranteed by Government Agencies [Member]
Composition of Nonaccrual Loans, net of SBA guarantee [Abstract]
Nonaccrual loans	100	200
Manufactured Housing [Member]
Composition of Nonaccrual Loans, net of SBA guarantee [Abstract]
Nonaccrual loans	96	614
Commercial Real Estate [Member] | Commercial Real Estate [Member]
Composition of Nonaccrual Loans, net of SBA guarantee [Abstract]
Nonaccrual loans	0	0
Commercial Real Estate [Member] | SBA 504 1st Trust Deed [Member]
Composition of Nonaccrual Loans, net of SBA guarantee [Abstract]
Nonaccrual loans	1,345	1,469
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	0	1,390
SBA [Member]
Composition of Nonaccrual Loans, net of SBA guarantee [Abstract]
Nonaccrual loans	137	275
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	265	124
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	Sep. 30, 2021	Dec. 31, 2020
Gross loans by risk rating [Abstract]
Total loans held for investment, net	$ 825,852	$ 751,458
Total loans held for investment	866,360	827,980
Pass [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	801,900	721,651
Total loans held for investment	840,478	794,527
Special Mention [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	5,038	7,122
Total loans held for investment	5,038	7,122
Substandard [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	18,914	22,685
Total loans held for investment	20,844	26,331
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	40,508	76,522
Government Guarantee [Member] | Pass [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	38,578	72,876
Government Guarantee [Member] | Special Mention [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	0	0
Government Guarantee [Member] | Substandard [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	1,930	3,646
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	292,476	280,284
Manufactured Housing [Member] | Pass [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	291,399	278,826
Manufactured Housing [Member] | Special Mention [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	0	0
Manufactured Housing [Member] | Substandard [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	1,077	1,458
Manufactured Housing [Member] | Doubtful [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	0	0
Commercial Real Estate [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	473,338	402,148
Commercial Real Estate [Member] | Commercial Real Estate [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	423,308	359,018
Commercial Real Estate [Member] | Commercial Real Estate [Member] | Pass [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	405,432	340,391
Commercial Real Estate [Member] | Commercial Real Estate [Member] | Special Mention [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	5,038	6,265
Commercial Real Estate [Member] | Commercial Real Estate [Member] | Substandard [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	12,838	12,362
Commercial Real Estate [Member] | Commercial Real Estate [Member] | Doubtful [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	0	0
Commercial Real Estate [Member] | SBA 504 1st Trust Deed [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	19,734	17,892
Commercial Real Estate [Member] | SBA 504 1st Trust Deed [Member] | Pass [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	17,451	14,877
Commercial Real Estate [Member] | SBA 504 1st Trust Deed [Member] | Special Mention [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	0	0
Commercial Real Estate [Member] | SBA 504 1st Trust Deed [Member] | Substandard [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	2,283	3,015
Commercial Real Estate [Member] | SBA 504 1st Trust Deed [Member] | Doubtful [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	0	0
Commercial Real Estate [Member] | Land [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	8,623	6,528
Commercial Real Estate [Member] | Land [Member] | Pass [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	8,623	6,528
Commercial Real Estate [Member] | Land [Member] | Special Mention [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	0	0
Commercial Real Estate [Member] | Land [Member] | Substandard [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	0	0
Commercial Real Estate [Member] | Land [Member] | Doubtful [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	0	0
Commercial Real Estate [Member] | Construction [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	20,373	17,383
Commercial Real Estate [Member] | Construction [Member] | Pass [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	20,373	15,344
Commercial Real Estate [Member] | Construction [Member] | Special Mention [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	0	0
Commercial Real Estate [Member] | Construction [Member] | Substandard [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	0	2,039
Commercial Real Estate [Member] | Construction [Member] | Doubtful [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	0	0
Commercial [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	46,606	53,018
Commercial [Member] | Pass [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	44,280	48,776
Commercial [Member] | Special Mention [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	0	823
Commercial [Member] | Substandard [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	2,326	3,419
Commercial [Member] | Doubtful [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	0	0
SBA [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	2,236	2,851
SBA [Member] | Pass [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	2,117	2,554
SBA [Member] | Special Mention [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	0	34
SBA [Member] | Substandard [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	119	263
SBA [Member] | Doubtful [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	0	0
HELOC [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	3,717	3,861
HELOC [Member] | Pass [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	3,717	3,861
HELOC [Member] | Special Mention [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	0	0
HELOC [Member] | Substandard [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	0	0
HELOC [Member] | Doubtful [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	0	0
Single Family Real Estate [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	8,756	10,490
Single Family Real Estate [Member] | Pass [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	8,485	10,361
Single Family Real Estate [Member] | Special Mention [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	0	0
Single Family Real Estate [Member] | Substandard [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	271	129
Single Family Real Estate [Member] | Doubtful [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	0	0
Consumer [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	23	133
Consumer [Member] | Pass [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	23	133
Consumer [Member] | Special Mention [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	0	0
Consumer [Member] | Substandard [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	0	0
Consumer [Member] | Doubtful [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	$ 0	$ 0

LOANS HELD FOR INVESTMENT, Trou

LOANS HELD FOR INVESTMENT, Troubled Debt Restructuring (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021Loan	Sep. 30, 2020USD ($)Loan	Sep. 30, 2021USD ($)Loan	Sep. 30, 2020USD ($)Loan
Troubled Debt Restructured Loans [Abstract]
Number of loans | Loan		5	1	6
Pre-modification recorded investment		$ 317	$ 167	$ 373
Post modification recorded investment		317	167	373
Effect on allowance for loan losses		0	$ 0	$ 1
Number of new TDR loans | Loan	0
Rate concession			0.00%	1.00%
Term extension			0 months	181 months
Rate Reduction [Member]
Troubled Debt Restructured Loans [Abstract]
Balance of loans		0	$ 0	$ 56
Term Extension [Member]
Troubled Debt Restructured Loans [Abstract]
Balance of loans		$ 0	$ 0	$ 56
Manufactured Housing [Member]
Troubled Debt Restructured Loans [Abstract]
Number of loans | Loan		4	1	5
Pre-modification recorded investment		$ 300	$ 167	$ 356
Post modification recorded investment		300	167	356
Effect on allowance for loan losses		0	0	1
Manufactured Housing [Member] | Rate Reduction [Member]
Troubled Debt Restructured Loans [Abstract]
Balance of loans		0	0	56
Manufactured Housing [Member] | Term Extension [Member]
Troubled Debt Restructured Loans [Abstract]
Balance of loans		$ 0	$ 0	$ 56
SBA [Member]
Troubled Debt Restructured Loans [Abstract]
Number of loans | Loan		1		1
Pre-modification recorded investment		$ 17		$ 17
Post modification recorded investment		17		17
Effect on allowance for loan losses		0		0
SBA [Member] | Rate Reduction [Member]
Troubled Debt Restructured Loans [Abstract]
Balance of loans		0		0
SBA [Member] | Term Extension [Member]
Troubled Debt Restructured Loans [Abstract]
Balance of loans		$ 0		$ 0

LOANS HELD FOR INVESTMENT, Tr_2

LOANS HELD FOR INVESTMENT, Trouble Debt Restructured Loans With Payment Defaults (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
LOANS HELD FOR INVESTMENT [Abstract]
Trouble debt restructurings with payment defaults	$ 0	$ 0	$ 0	$ 0

OTHER ASSETS ACQUIRED THROUGH_3

OTHER ASSETS ACQUIRED THROUGH FORECLOSURE (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
OTHER ASSETS ACQUIRED THROUGH FORECLOSURE [Abstract]
Balance, beginning of period	$ 2,572	$ 2,707	$ 2,614	$ 2,524
Additions	0	0	136	106
Proceeds from dispositions	0	0	0	0
(Loss) gain on sales, net	0	0	(178)	77
Third-party portion of writedown/loss	0	0	0	0
Balance, end of period	$ 2,572	$ 2,707	$ 2,572	$ 2,707

FAIR VALUE MEASUREMENT, Fair Va

FAIR VALUE MEASUREMENT, Fair Value of Assets Measured on Recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Assets [Abstract]
Securities measured at fair value, amount	$ 217	$ 149
Investment securities available-for-sale	20,489	17,308
Recurring [Member]
Assets [Abstract]
Securities measured at fair value, amount	217	149
Investment securities available-for-sale	20,489	14,257
Interest only strips	18	27
Servicing assets	1,570	1,461
Total	22,294	15,894
Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Assets [Abstract]
Securities measured at fair value, amount	217	149
Investment securities available-for-sale	0	0
Interest only strips	0	0
Servicing assets	0	0
Total	217	149
Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member]
Assets [Abstract]
Securities measured at fair value, amount	0	0
Investment securities available-for-sale	20,489	12,759
Interest only strips	0	0
Servicing assets	0	0
Total	20,489	12,759
Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member]
Assets [Abstract]
Securities measured at fair value, amount	0	0
Investment securities available-for-sale	0	1,498
Interest only strips	18	27
Servicing assets	1,570	1,461
Total	$ 1,588	$ 2,986

FAIR VALUE MEASUREMENT, Assets

FAIR VALUE MEASUREMENT, Assets Measured on Non-recurring Basis (Details) - Non-recurring [Member] - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Summary of fair value measurements of assets measured on a non-recurring basis [Abstract]
Impaired loans	$ 3,587	$ 3,910
Loans held for sale	26,553	34,383
Foreclosed real estate and repossessed assets	2,572	2,614
Total	32,712	40,907
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
Active Markets for Similar Assets (Level 2) [Member]
Summary of fair value measurements of assets measured on a non-recurring basis [Abstract]
Impaired loans	3,587	3,910
Loans held for sale	26,553	34,383
Foreclosed real estate and repossessed assets	2,572	2,614
Total	32,712	40,907
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	Sep. 30, 2021	Dec. 31, 2020
Loans Held for Sale [Abstract]
Loans held-for-sale at carrying value	$ 24,400	$ 31,229
Carrying Amount [Member]
Financial assets [Abstract]
Cash and cash equivalents	186,935	60,540
FRB and FHLB stock	4,441	4,633
Investment securities	23,608	22,043
Loans, net	880,312	847,383
Financial liabilities [Abstract]
Deposits	931,942	766,185
Other borrowings	90,000	105,000
Fair Value [Member]
Financial assets [Abstract]
Cash and cash equivalents	186,935	60,540
FRB and FHLB stock	4,441	4,633
Investment securities	23,782	22,311
Loans, net	904,207	853,580
Financial liabilities [Abstract]
Deposits	930,220	765,565
Other borrowings	90,373	106,051
Fair Value [Member] | Level 1 [Member]
Financial assets [Abstract]
Cash and cash equivalents	186,935	60,540
FRB and FHLB stock	0	0
Investment securities	217	149
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	4,441	4,633
Investment securities	23,565	22,162
Loans, net	898,789	845,302
Financial liabilities [Abstract]
Deposits	930,220	765,565
Other borrowings	90,373	106,051
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	5,418	8,278
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	17,500	0
Unfunded Loan Commitments [Member]
Off-balance sheet instruments [Abstract]
Off-balance sheet risks outstanding	$ 91,100	$ 59,500

OTHER BORROWINGS (Details)

OTHER BORROWINGS (Details) $ in Millions	9 Months Ended
	Sep. 30, 2021USD ($)	Sep. 30, 2020USD ($)	Oct. 14, 2021USD ($)	Jun. 30, 2021USD ($)	Dec. 31, 2020USD ($)
Financial Home Loan Bank Advances [Abstract]
FHLB advances	$ 90				$ 105
Letter of credit with FHLB	72
Securities pledged to FHLB	14.1				18.9
Loans pledged to FHLB	305.2				304.7
Available for additional borrowing	38.9				81.4
Total FHLB interest expense	0.7	$ 1.1
Federal Funds Purchased Lines [Abstract]
Federal funds borrowing lines at correspondent banks	20
Federal funds amount outstanding	$ 0				0
Subsequent Event [Member]
Line of Credit [Abstract]
Termination of secured line of credit facility			$ 10
Federal Reserve Bank Advances [Member]
Federal Reserve Bank [Abstract]
Period for advances to be collateralized	28 days
Available borrowing capacity	$ 102.3				$ 102.7
Federal Reserve Bank Advances [Member] | PPPLF [Member]
Federal Reserve Bank [Abstract]
Available borrowing capacity				$ 0
Line of Credit [Member]
Line of Credit [Abstract]
Maximum borrowing capacity	5
Required compensating deposit	$ 1
Minimum debt service coverage ratio	1.65
Minimum Tier 1 leverage ratio	7.00%
Minimum total risk-based capital ratio	10.00%
Maximum net non-accrual ratio	3.00%
Outstanding balance	$ 0
Line of Credit [Member] | Prime Rate [Member]
Line of Credit [Abstract]
Basis spread on variable rate	0.25%

STOCKHOLDERS' EQUITY, Changes i

STOCKHOLDERS' EQUITY, Changes in Other Comprehensive Income (Loss) by Component (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Changes in other comprehensive income (loss) by component, net of tax [Roll Forward]
Balance	$ 95,457	$ 84,093	$ 89,007	$ 81,978
Net other comprehensive (loss) income	(12)	70	103	95
Balance	98,767	86,717	98,767	86,717
Unrealized Holding Gains (Losses) on AFS [Member]
Changes in other comprehensive income (loss) by component, net of tax [Roll Forward]
Balance	150	(53)	35	(78)
Other comprehensive income (loss) before reclassifications	(12)	70	103	95
Amounts reclassified from accumulated other comprehensive income (loss)	0	0	0	0
Net other comprehensive (loss) income	(12)	70	103	95
Balance	$ 138	$ 17	$ 138	$ 17

STOCKHOLDERS' EQUITY, Common St

STOCKHOLDERS' EQUITY, Common Stock (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Feb. 28, 2019
Common Stock [Abstract]
Common stock dividend paid			$ 1,709	$ 1,229
Common Stock [Member]
Common Stock [Abstract]
Common stock dividend paid	$ 600	$ 400	$ 1,700	$ 1,200
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		350,189
Common stock shares repurchased to date, value	$ 3,000		$ 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)		Sep. 30, 2021	Dec. 31, 2020
Regulatory Ratios [Abstract]
Total capital ratio, minimum capital ratios		0.0800	0.0800
Total capital ratio, well-capitalized ratios		0.1000	0.1000
Total capital ratio, minimum capital requirements including fully-phased in capital conservation buffer		0.1050	0.1050
Tier 1 risk-based capital ratio, minimum capital ratios		0.0600	0.0600
Tier 1 risk-based capital ratio, well-capitalized ratios		0.0800	0.0800
Tier 1 risk-based capital ratio, minimum capital requirements including fully-phased in capital conservation buffer		0.0850	0.0850
Common Equity Tier 1 ratio, minimum capital ratios		0.0450	0.0450
Common Equity Tier 1 ratio, well-capitalized ratios		0.0650	0.0650
Common Equity Tier 1 ratio, minimum capital requirements including fully-phased in capital conservation buffer		0.0700	0.0700
Tier 1 leverage ratio, minimum capital ratios		0.0400	0.0400
Community banking leverage ratio, minimum capital requirements	[1]	0.0800
Community banking leverage ratio, well-capitalized requirements	[1]	0.0900
CWB [Member]
Regulatory Ratios [Abstract]
Total capital ratio		0.1211	0.1227
Tier 1 risk-based capital ratio		0.1093	0.1102
Common Equity Tier 1 ratio		0.1093	0.1102
Tier 1 leverage ratio		0.0859	0.0929
Community banking leverage ratio	[1]	0.0859
[1]	Temporary CBLR requires minimum of 8.50% to be considered well-capitalized until January 1, 2022.

REVENUE RECOGNITION (Details)

REVENUE RECOGNITION (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Noninterest Income [Abstract]
Non-interest income (in-scope of Topic 606)	$ 184	$ 103	$ 516	$ 344
Non-interest income (out-of-scope of Topic 606)	856	1,249	2,293	2,598
Total non-interest income	1,040	1,352	2,809	2,942
Service Charges on Deposit Accounts [Member]
Noninterest Income [Abstract]
Non-interest income (in-scope of Topic 606)	59	57	171	228
Exchange Fees and Other Service Charges [Member]
Noninterest Income [Abstract]
Non-interest income (in-scope of Topic 606)	$ 125	$ 46	$ 346	$ 116

LEASES (Details)

LEASES (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Operating leases [Abstract]
Operating lease, right-of-use assets	$ 5,300
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other Assets
Lease cost [Abstract]
Operating lease cost	$ 1,000	$ 1,099
Sublease income	0	0
Total lease cost	1,000	1,099
Other information [Abstract]
Cash paid for amounts included in the measurement of lease liabilities	0	0
Operating cash flows from operating leases	$ 991	$ 1,068
Weighted average remaining lease term - operating leases	8 years 3 months 18 days	8 years 11 months 4 days
Weighted average discount rate - operating leases	3.25%	3.22%
Future minimum operating lease payments [Abstract]
2021/2020	$ 248	$ 247
2022/2021	887	992
2023/2022	813	887
2024/2023	821	813
2025/2024	768	821
2025		768
Thereafter	2,586
Thereafter		2,585
Total future minimum lease payments	6,123	7,113
Less remaining imputed interest	777	960
Total lease liabilities	$ 5,346	$ 6,153
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Other Liabilities	Other Liabilities
Minimum [Member]
Operating leases [Abstract]
Term of operating leases	2 years
Maximum [Member]
Operating leases [Abstract]
Term of operating leases	10 years