Community West Bancshares (CWBC) 10-Q 10 Nov 22 2022 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2022	Nov. 01, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2022
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
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		8,759,763

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Assets:
Cash and due from banks and federal funds sold	$ 1,806	$ 1,621
Interest-earning demand deposits in other financial institutions	49,489	206,754
Cash and cash equivalents	51,295	208,375
Investment securities - available-for-sale, at fair value; amortized cost of $58,192 at September 30, 2022 and $19,588 at December 31, 2021	57,115	19,711
Investment securities - held-to-maturity, at amortized cost; fair value of $2,452 at September 30, 2022 and $2,974 at December 31, 2021	2,596	2,815
Investment securities - measured at fair value; amortized cost of $66 at September 30, 2022 and December 31, 2021	198	248
Federal Home Loan Bank and Federal Reserve Bank stock, at cost	4,533	4,441
Loans held for sale, at lower of cost or fair value	22,096	23,408
Loans held for investment	923,598	868,675
Allowance for loan losses	(11,113)	(10,404)
Total loans held for investment, net	912,485	858,271
Other assets acquired through foreclosure, net	2,250	2,518
Premises and equipment, net	6,332	6,576
Other assets	29,378	30,689
Total assets	1,088,278	1,157,052
Deposits:
Non-interest bearing demand	243,100	209,893
Interest bearing demand	439,455	537,508
Savings	23,865	23,675
Certificates of deposit ($250,000 or more)	9,909	17,612
Other certificates of deposit	135,860	161,443
Total deposits	852,189	950,131
Federal Home Loan Bank advances	110,000	90,000
Other liabilities	16,268	15,546
Total liabilities	978,457	1,055,677
Stockholders' equity:
Common stock - no par value, 60,000,000 shares authorized; 8,755,363 shares issued and outstanding at September 30, 2022 and 8,650,166 at December 31, 2021	45,566	44,431
Retained earnings	65,009	56,852
Accumulated other comprehensive (loss) income, net	(754)	92
Total stockholders' equity	109,821	101,375
Total liabilities and stockholders' equity	$ 1,088,278	$ 1,157,052

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Assets:
Investment securities available-for-sale, amortized cost	$ 58,192	$ 19,588
Investment securities held-to-maturity, fair value	2,452	2,974
Investment securities measured at fair value, amortized cost	$ 66	$ 66
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)	8,755,363	8,650,166
Common stock, shares outstanding (in shares)	8,755,363	8,650,166

CONSOLIDATED INCOME STATEMENTS

CONSOLIDATED INCOME STATEMENTS (unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Interest and dividend income:
Loans, including fees	$ 11,867	$ 11,576	$ 34,190	$ 33,865
Investment securities and other	787	259	1,670	676
Total interest and dividend income	12,654	11,835	35,860	34,541
Interest expense:
Deposits	528	708	1,598	2,221
Federal Home Loan Bank advances	203	198	593	663
Total interest expense	731	906	2,191	2,884
Net interest income	11,923	10,929	33,669	31,657
Provision (credit) for loan losses	298	7	266	(207)
Net interest income after provision (credit) for loan losses	11,625	10,922	33,403	31,864
Non-interest income:
Other loan fees	292	383	915	1,006
Gains from loan sales, net	49	118	245	366
Document processing fees	114	145	337	389
Service charges	114	77	295	218
Other	303	317	1,422	830
Total non-interest income	872	1,040	3,214	2,809
Non-interest expenses:
Salaries and employee benefits	4,823	4,541	14,784	13,611
Occupancy, net	1,046	802	3,064	2,361
Professional services	653	434	1,687	1,204
Data processing	302	292	919	964
Depreciation	173	191	535	594
FDIC assessment	131	127	466	339
Advertising and marketing	196	189	687	536
Other	286	284	551	780
Total non-interest expenses	7,610	6,860	22,693	20,389
Income before provision for income taxes	4,887	5,102	13,924	14,284
Provision for income taxes	1,409	1,467	3,851	4,077
Net income	$ 3,478	$ 3,635	$ 10,073	$ 10,207
Earnings per share:
Basic (in dollars per share)	$ 0.4	$ 0.42	$ 1.16	$ 1.19
Diluted (in dollars per share)	$ 0.39	$ 0.41	$ 1.13	$ 1.17
Weighted average number of common shares outstanding:
Basic (in shares)	8,748	8,597	8,709	8,548
Diluted (in shares)	8,915	8,777	8,883	8,699
Dividends declared per common share (in dollars per share)	$ 0.075	$ 0.07	$ 0.22	$ 0.2

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited) [Abstract]
Net income	$ 3,478	$ 3,635	$ 10,073	$ 10,207
Other comprehensive (loss) income, net:
Unrealized (loss) income on securities available-for-sale (AFS), net (tax effect of $129, $5, $355 and $44 for each respective period presented)	(307)	(12)	(846)	103
Net other comprehensive (loss) income	(307)	(12)	(846)	103
Comprehensive income	$ 3,171	$ 3,623	$ 9,227	$ 10,310

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Other comprehensive (loss) income, net:
Unrealized (loss) income on securities available-for-sale (AFS), tax effect	$ 129	$ 5	$ 355	$ 44

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, 2020	$ 42,909	$ 35	$ 46,063	$ 89,007
Balance (in shares) at Dec. 31, 2020	8,473,000
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 (loss) income, 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
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 (loss) income, 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
Balance at Dec. 31, 2021	$ 44,431	92	56,852	$ 101,375
Balance (in shares) at Dec. 31, 2021	8,650,000			8,650,166
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 0	0	10,073	$ 10,073
Exercise of stock options	$ 920	0	0	920
Exercise of stock options (in shares)	105,000
Stock based compensation	$ 215	0	0	215
Stock based compensation (in shares)	0
Dividends on common stock	$ 0	0	(1,916)	(1,916)
Dividends on common stock (in shares)	0
Other comprehensive (loss) income, net	$ 0	(846)	0	(846)
Balance at Sep. 30, 2022	$ 45,566	(754)	65,009	$ 109,821
Balance (in shares) at Sep. 30, 2022	8,755,000			8,755,363
Balance at Jun. 30, 2022	$ 45,402	(447)	62,187	$ 107,142
Balance (in shares) at Jun. 30, 2022	8,744,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 0	0	3,478	3,478
Exercise of stock options	$ 93	0	0	93
Exercise of stock options (in shares)	11,000
Stock based compensation	$ 71	0	0	71
Stock based compensation (in shares)	0
Dividends on common stock	$ 0	0	(656)	(656)
Dividends on common stock (in shares)	0
Other comprehensive (loss) income, net	$ 0	(307)	0	(307)
Balance at Sep. 30, 2022	$ 45,566	$ (754)	$ 65,009	$ 109,821
Balance (in shares) at Sep. 30, 2022	8,755,000			8,755,363

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash flows from operating activities:
Net income	$ 10,073	$ 10,207
Adjustments to reconcile net income to cash provided by operating activities:
Provision (credit) for loan losses	266	(207)
Depreciation	535	594
Stock based compensation	215	189
Deferred income taxes	124	(299)
Net (amortization) accretion of discounts and premiums for investment securities	(33)	54
Gains on:
Sale of other assets acquired through foreclosure, net	(104)	178
Sale of loans, net	(245)	(366)
Loans originated for sale, net of collections on loans held for sale	1,312	6,829
Changes in:
Investment securities measured at fair value	50	(68)
Servicing assets, net	45	(110)
Other assets	1,496	(202)
Other liabilities	722	209
Net cash provided by operating activities	14,456	17,008
Cash flows from investing activities:
Principal pay downs and maturities of available-for-sale securities	1,791	3,189
Purchase of available-for-sale securities	(40,360)	(6,250)
Principal pay downs and maturities of held-to-maturity securities	217	1,657
Loan originations and principal collections, net	(54,235)	(39,322)
Purchase of FHLB stock	(92)	0
Redemption of FHLB stock	0	192
Purchase of premises and equipment, net	(291)	(97)
Proceeds from sale of other assets acquired through foreclosure, net	372	0
Net cash used in investing activities	(92,598)	(40,631)
Cash flows from financing activities:
Net (decrease) increase in deposits	(97,942)	165,757
Proceeds from FHLB advances	20,000	0
Repayment of FHLB advances	0	(15,000)
Proceeds from exercise of stock options	920	970
Cash dividends paid on common stock	(1,916)	(1,709)
Net cash (used in) provided by financing activities	(78,938)	150,018
Net (decrease) increase cash and cash equivalents	(157,080)	126,395
Cash and cash equivalents at beginning of period	208,375	60,540
Cash and cash equivalents at end of period	51,295	186,935
Cash paid during the period for:
Interest	2,204	3,033
Income taxes	3,945	4,107
Non-cash investing and financing activity:
Transfers of loans to other assets acquired through foreclosure, net	$ 0	$ 136

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2022
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, LLC, the Bank’s wholly-owned limited liability company. Unless indicated otherwise or unless the context suggests otherwise, these entities are referred to herein collectively and on a consolidated 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. Interim Financial Information T he accompanying unaudited consolidated financial statements as of September 30, 2022 and for the three and nine months ended September 30, 2022 and 2021 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 included in the Annual Report on Form 10-K for the year ended December 31, 2021. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant changes in the near term relate to the determination of the allowance for loan losses and the fair value of securities available-for-sale. Although management believes these estimates to be reasonably accurate, actual amounts may differ. In the opinion of management, all necessary adjustments have been reflected in the financial statements during their preparation. Reclassifications Certain amounts in the consolidated financial statements as of December 31, 2021 and for the three and nine months ended September 30, 2021 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 the lower of cost or fair value provision. Loans held for sale are mostly comprised of commercial agriculture loans guaranteed by the USDA Farm Service Agency (“FSA”) and Small Business Association (“SBA”) loans. The Company did not incur any lower of cost or fair value provision expense in the three and nine months ended September Loans Held for Investment and Interest and Fees from Loans Loans are recorded 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. 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. 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: 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 of the collateral 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”): Allowance 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. 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. 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. 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 Company’s credit position at some future date. Special mention assets are not adversely classified and do not expose the Company 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 as 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 7 (a) 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 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 or valuation, an apparent deficiency exists. In the event there is no perceived equity, the loan is generally fully charged-off. Consumer Loans Consumer 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 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 loan’s 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 financial statements prepared by an accountant 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 • 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 other expense on the consolidated income statement. Other Assets Acquired Through Foreclosure, Net Other assets acquired through foreclosure 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 obtains 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 are classified in the financial statements as income tax expense. Deferred tax assets are included in other assets on the consolidated balance sheets. Management evaluates the Company’s deferred tax asset for recoverability using a consistent approach, which considers the relative impact of negative and positive evidence, including the Company’s historical profitability and projections of future taxable income. The Company is required to establish a valuation allowance for deferred tax assets and record a charge to income if management determines, based on available evidence at the time the determination is made, that it is more likely than not that some portion or all of the deferred tax assets may not be realized. The Company is subject to the provisions of ASC 740, Income Taxes Earnings Per Share Basic earnings per common share is computed using the weighted average number of common shares outstanding for the period. Diluted earnings per share includes the effect of all dilutive potential common shares for the period. Potentially dilutive common shares include outstanding 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. In addition, the Company has analyzed its historical data and is running parallel calculations under different methods in order to refine its final methodology. 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 has limited exposure to LIBOR. The amendments in ASU 2020-04 were effective for all entities as of March 12, 2020 and may be applied prospectively to contract modifications made on or before December 31, 2022. The adoption of this standard is not anticipated to have a material impact on the Company’s consolidated financial statements. In

INVESTMENT SECURITIES

INVESTMENT SECURITIES	9 Months Ended
	Sep. 30, 2022
INVESTMENT SECURITIES [Abstract]
INVESTMENT SECURITIES	2. INVESTMENT SECURITIES The amortized cost and estimated fair value of investment securities are as follows: September 30, 2022 Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value Securities available-for-sale (in thousands) U.S. government agency notes $ 4,445 $ 35 $ — $ 4,480 U.S. government agency collateralized mortgage obligations (“CMO”) 4,567 4 (101 ) 4,470 U.S. Treasury securities 39,930 — (135 ) 39,795 Corporate debt securities 9,250 — (880 ) 8,370 Total $ 58,192 $ 39 $ (1,116 ) $ 57,115 Securities held-to-maturity U.S. government agency mortgage-backed securities (“MBS”) $ 2,596 $ 6 $ (150 ) $ 2,452 Total $ 2,596 $ 6 $ (150 ) $ 2,452 Securities measured at fair value Equity securities: Farmer Mac class A stock $ 66 $ 132 $ — $ 198 Total $ 66 $ 132 $ — $ 198 December 31, 2021 Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value Securities available-for-sale (in thousands) U.S. government agency notes $ 5,476 $ 32 $ — $ 5,508 U.S. government agency CMO 4,862 31 (10 ) 4,883 Corporate debt securities 9,250 102 (32 ) 9,320 Total $ 19,588 $ 165 $ (42 ) $ 19,711 Securities held-to-maturity U.S. government agency MBS $ 2,815 $ 159 $ — $ 2,974 Total $ 2,815 $ 159 $ — $ 2,974 Securities measured at fair value Equity securities: Farmer Mac class A stock $ 66 $ 182 $ — $ 248 Total $ 66 $ 182 $ — $ 248 At September 30, 2022 and December 31, 2021, securities with carrying values of $51.2 million and $13.2 million, 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 available-for-sale and held-to-maturity at the period ends indicated were as follows: September 30, 2022 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 $ — — $ — — $ 533 2.09 % $ 3,947 2.92 % $ 4,480 2.82 % U.S. government agency CMO — — — — — — 4,470 3.40 % 4,470 3.40 % U.S. Treasury securities 39,795 1.61 % — — — — — — 39,795 1.61 % Corporate debt securities — — — — 8,370 3.74 % — — 8,370 3.74 % Total $ 39,795 1.61 % $ — — $ 8,903 3.64 % $ 8,417 3.17 % $ 57,115 2.16 % Securities held-to-maturity U.S. government agency MBS $ — — $ — — $ 751 3.60 % $ 1,845 3.39 % $ 2,596 3.45 % Total $ — — $ — — $ 751 3.60 % $ 1,845 3.39 % $ 2,596 3.45 % December 31, 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 $ — — $ 661 0.59 % $ 4,847 1.30 % $ — — $ 5,508 1.16 % U.S. government agency CMO — — 3,905 0.50 % 978 0.83 % — — 4,883 0.60 % Corporate debt securities — — 9,320 3.70 % — — — — 9,320 3.70 % Total $ — — $ 13,886 2.70 % $ 5,825 1.20 % $ — — $ 19,711 2.20 % Securities held-to-maturity U.S. government agency MBS $ — — $ 2,065 2.90 % $ 750 3.58 % $ — — $ 2,815 3.06 % Total $ — — $ 2,065 2.90 % $ 750 3.58 % $ — — $ 2,815 3.06 % The amortized cost and fair value of available-for-sale and held-to-maturity investment securities maturities as of the periods presented are as shown below: September 30, 2022 December 31, 2021 Amortized Cost Estimated Fair Value Amortized Cost Estimated Fair Value Securities available-for-sale (in thousands) Due in less than one year $ 39,930 $ 39,795 $ — $ — After one year through five years — — 13,786 13,886 After five years through ten years 9,781 8,903 5,802 5,825 After ten years 8,481 8,417 — — Total $ 58,192 $ 57,115 $ 19,588 $ 19,711 Securities held-to-maturity Due in less than one year $ — $ — $ — $ — After one year through five years — — 2,065 2,137 After five years through ten years 751 707 750 837 After ten years 1,845 1,745 — — Total $ 2,596 $ 2,452 $ 2,815 $ 2,974 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. As of September 30, 2022 and December 31, 2021, securities that are in an unrealized loss position and length of time that individual securities have been in a continuous loss position are summarized as follows: September 30, 2022 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 CMO $ (87 ) $ 3,122 $ (14 ) $ 640 $ (101 ) $ 3,762 U.S. Treasury securities (135 ) 39,795 — — (135 ) 39,795 Corporate debt securities (724 ) 7,026 (156 ) 1,344 (880 ) 8,370 Total $ (946 ) $ 49,943 $ (170 ) $ 1,984 $ (1,116 ) $ 51,927 Securities held-to-maturity U.S. government agency MBS $ (150 ) $ 2,116 $ — $ — $ (150 ) $ 2,116 Total $ (150 ) $ 2,116 $ — $ — $ (150 ) $ 2,116 December 31, 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 CMO $ — $ — $ (10 ) $ 977 $ (10 ) $ 977 Corporate debt securities (32 ) 2,968 — — (32 ) 2,968 Total $ (32 ) $ 2,968 $ (10 ) $ 977 $ (42 ) $ 3,945 As of September 30, 2022 and December 31, 2021, there were 39 and 4 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 securities 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, 2022 and December 31, 2021, 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 AND LOANS S

LOANS HELD FOR SALE AND LOANS SERVICED FOR OTHERS	9 Months Ended
	Sep. 30, 2022
LOANS HELD FOR SALE AND LOANS SERVICED FOR OTHERS [Abstract]
LOANS HELD FOR SALE AND LOANS SERVICED FOR OTHERS	3. LOANS HELD FOR SALE AND LOANS SERVICED FOR OTHERS As of September 30, 2022 and December 31, 2021, the Company had approximately $5.3 million and $6.3 million of SBA loans included in loans held for sale, 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 United States Department of Agriculture (“USDA”), USDA Farm Service Agency (“FSA”), and the USDA Business and Industry loan program. As of September 30, 2022 and December 31, 2021, the Company had $16.8 million and $17.1 million of USDA loans included in loans held for sale, respectively. The unpaid balance of loan serviced for others as of the periods presented are as shown below: September 30, 2022 December 31, 2021 (in thousands) SBA $ 2,112 $ 2,709 USDA, FSA, and USDA Business and Industry 735 745 Farmer Mac 154,006 142,677 Total loans serviced for others $ 156,853 $ 146,131

LOANS HELD FOR INVESTMENT

LOANS HELD FOR INVESTMENT	9 Months Ended
	Sep. 30, 2022
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, December 31, 2022 2021 (in thousands) Manufactured housing $ 309,989 $ 297,363 Commercial real estate 544,373 480,801 Commercial 54,042 55,287 SBA 3,468 23,659 HELOC 3,373 3,579 Single family real estate 8,981 8,749 Consumer 323 109 Gross loans held for investment 924,549 869,547 Deferred fees, net (920 ) (838 ) Discount on SBA loans (31 ) (34 ) Loans held for investment 923,598 868,675 Allowance for loan losses (11,113 ) (10,404 ) Loans held for investment, net $ 912,485 $ 858,271 The following table presents the contractual aging of the recorded investment in past due held for investment loans by class of loans: September 30, 2022 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 $ 309,468 $ 389 $ 47 $ — $ 436 $ 85 $ 309,989 $ — Commercial real estate: Commercial real estate 486,802 1,173 — — 1,173 — 487,975 — SBA 504 1st trust deed 13,107 — — — — — 13,107 — Land 12,433 — — — — — 12,433 — Construction 30,858 — — — — — 30,858 — Commercial 53,960 82 — — 82 — 54,042 — SBA 2,703 — 765 — 765 — 3,468 — HELOC 3,373 — — — — — 3,373 — Single family real estate 8,827 — — — — 154 8,981 — Consumer 323 — — — — — 323 — Total $ 921,854 $ 1,644 $ 812 $ — $ 2,456 $ 239 $ 924,549 $ — December 31, 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 $ 296,715 $ 342 $ — $ — $ 342 $ 306 $ 297,363 $ — Commercial real estate: Commercial real estate 431,062 — — — — — 431,062 — SBA 504 1st trust deed 16,961 — — — — — 16,961 — Land 7,185 — — — — — 7,185 — Construction 25,593 — — — — — 25,593 — Commercial 55,287 — — — — — 55,287 — SBA 23,296 223 139 — 362 1 23,659 — HELOC 3,579 — — — — — 3,579 — Single family real estate 8,491 — — — — 258 8,749 — Consumer 109 — — — — — 109 — Total $ 868,278 $ 565 $ 139 $ — $ 704 $ 565 $ 869,547 $ — 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 from interest income 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 three months ended September 30, 2022 and 2021, was $9 thousand and $35 thousand, respectively. Foregone interest on nonaccrual and TDR loans for the nine months ended September 30, 2022 and 2021, was $32 thousand and $122 thousand, respectively. Allowance for Loan Losses 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 2022 (in thousands) Beginning balance $ 3,976 $ 6,120 $ 594 $ 23 $ 37 $ 115 $ 1 $ 10,866 Charge-offs — — — (182 ) — — — (182 ) Recoveries 88 20 13 4 6 — — 131 Net (charge-offs) recoveries 88 20 13 (178 ) 6 — — (51 ) Provision (credit) for loan losses (77 ) 182 24 174 (6 ) — 1 298 Ending balance $ 3,987 $ 6,322 $ 631 $ 19 $ 37 $ 115 $ 2 $ 11,113 2021 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) for loan losses (25 ) 149 (15 ) (87 ) (2 ) (13 ) — 7 Ending balance $ 2,609 $ 6,497 $ 1,015 $ 28 $ 24 $ 109 $ 1 $ 10,283 For the Nine Months Ended September 30, Manufactured Housing Commercial Real Estate Commercial SBA HELOC Single Family Real Estate Consumer Total 2022 (in thousands) Beginning balance $ 2,606 $ 6,729 $ 923 $ 22 $ 18 $ 105 $ 1 $ 10,404 Charge-offs — — — (182 ) — — — (182 ) Recoveries 123 60 183 246 12 — 1 625 Net recoveries 123 60 183 64 12 — 1 443 Provision (credit) for loan losses 1,258 (467 ) (475 ) (67 ) 7 10 — 266 Ending balance $ 3,987 $ 6,322 $ 631 $ 19 $ 37 $ 115 $ 2 $ 11,113 2021 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) for loan losses (158 ) 487 (394 ) (136 ) (5 ) — (1 ) (207 ) Ending balance $ 2,609 $ 6,497 $ 1,015 $ 28 $ 24 $ 109 $ 1 $ 10,283 As of September 30, 2022 and December 31, 2021, the Company had reserves for credit losses on undisbursed loans of $96 thousand and $94 thousand, respectively, which were included in other liabilities on the consolidated balance sheet. 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, 2022 (in thousands) Recorded Investment: Impaired loans with an allowance recorded $ 3,058 $ 212 $ 72 $ 43 $ — $ 213 $ — $ 3,598 Impaired loans with no allowance recorded 1,120 — 1,331 18 — 153 — 2,622 Total loans individually evaluated for impairment 4,178 212 1,403 61 — 366 — 6,220 Loans collectively evaluated for impairment 305,811 544,161 52,639 3,407 3,373 8,615 323 918,329 Total loans held for investment $ 309,989 $ 544,373 $ 54,042 $ 3,468 $ 3,373 $ 8,981 $ 323 $ 924,549 Unpaid Principal Balance Impaired loans with an allowance recorded $ 3,058 $ 212 $ 72 $ 43 $ — $ 213 $ — $ 3,598 Impaired loans with no allowance recorded 1,120 — 1,331 18 — 153 — 2,622 Total loans individually evaluated for impairment 4,178 212 1,403 61 — 366 — 6,220 Loans collectively evaluated for impairment 305,811 544,161 52,639 3,407 3,373 8,615 323 918,329 Total loans held for investment $ 309,989 $ 544,373 $ 54,042 $ 3,468 $ 3,373 $ 8,981 $ 323 $ 924,549 Related Allowance for Loan Losses Loans individually evaluated for impairment 166 17 1 1 — 9 — 194 Loans collectively evaluated for impairment 3,821 6,305 630 18 37 106 2 10,919 Total allowance for loan losses $ 3,987 $ 6,322 $ 631 $ 19 $ 37 $ 115 $ 2 $ 11,113 Manufactured Housing Commercial Real Estate Commercial SBA HELOC Single Family Real Estate Consumer Total Loans Loans Held for Investment as of December 31, 2021 (in thousands) Recorded Investment: Impaired loans with an allowance recorded $ 3,563 $ 220 $ 85 $ 194 $ — $ 425 $ — $ 4,487 Impaired loans with no allowance recorded 1,358 1,402 1,505 226 — 258 — 4,749 Total loans individually evaluated for impairment 4,921 1,622 1,590 420 — 683 — 9,236 Loans collectively evaluated for impairment 292,442 479,179 53,697 23,239 3,579 8,066 109 860,311 Total loans held for investment $ 297,363 $ 480,801 $ 55,287 $ 23,659 $ 3,579 $ 8,749 $ 109 $ 869,547 Unpaid Principal Balance Impaired loans with an allowance recorded $ 3,563 $ 220 $ 85 $ 194 $ — $ 683 $ — $ 4,745 Impaired loans with no allowance recorded 1,358 1,402 1,505 226 — — — 4,491 Total loans individually evaluated for impairment 4,921 1,622 1,590 420 — 683 — 9,236 Loans collectively evaluated for impairment 292,442 479,179 53,697 23,239 3,579 8,066 109 860,311 Total loans held for investment $ 297,363 $ 480,801 $ 55,287 $ 23,659 $ 3,579 $ 8,749 $ 109 $ 869,547 Related Allowance for Loan Losses Loans individually evaluated for impairment 210 17 — 1 — 12 — 240 Loans collectively evaluated for impairment 2,396 6,712 923 21 18 93 1 10,164 Total allowance for loan losses $ 2,606 $ 6,729 $ 923 $ 22 $ 18 $ 105 $ 1 $ 10,404 Included in impaired loans were $0.3 million of loans guaranteed by government agencies at December 31, 2021. There were no impaired loans guaranteed by government agencies at September 30, 2022. 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, 2022 and December 31, 2021. The following tables summarize average investment in impaired loans by class of loans and the related interest income recognized: Three Months Ended September 30, 2022 2021 Average Investment in Impaired Loans Interest Income Average Investment in Impaired Loans Interest Income (in thousands) Manufactured housing $ 4,198 $ 88 $ 4,961 $ 95 Commercial real estate: SBA 504 1st trust deed 213 4 1,533 4 Commercial 1,423 24 1,622 24 SBA 85 7 593 4 Single family real estate 488 6 1,512 10 Total $ 6,407 $ 129 $ 10,221 $ 137 Nine Months Ended September 30, 2022 2021 Average Investment in Impaired Loans Interest Income Average Investment in Impaired Loans Interest Income (in thousands) Manufactured housing $ 4,503 $ 261 $ 5,683 $ 277 Commercial real estate: SBA 504 1st trust deed 525 12 1,615 48 Commercial 1,489 67 1,645 78 SBA 164 19 480 11 Single family real estate 577 19 1,913 91 Total $ 7,258 $ 378 $ 11,336 $ 505 The Company is not committed to lend additional funds on these impaired loans. The Company utilizes an internal asset classification system as a means of reporting problem and potential problem loans. Under the Company’s risk rating system, the Company rates loans with potential problems as “Special Mention,” “Substandard,” “Doubtful” and “Loss”. For a detailed discussion on these risk classifications see “Note 1 - Summary of Significant Accounting Policies - Allowance for Loan Losses”. 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, 2022 Pass Special Mention Substandard Doubtful Total (in thousands) Manufactured housing $ 308,897 $ — $ 1,092 $ — $ 309,989 Commercial real estate: Commercial real estate 478,397 225 8,084 — 486,706 SBA 504 1st trust deed 12,632 — 475 — 13,107 Land 12,433 — — — 12,433 Construction 30,858 — — — 30,858 Commercial 47,439 2,787 2,670 — 52,896 SBA 839 — — — 839 HELOC 3,373 — — — 3,373 Single family real estate 8,823 — 158 — 8,981 Consumer 323 — — — 323 Total, net 904,014 3,012 12,479 — 919,505 Government guaranteed loans 4,384 — 660 — 5,044 Total $ 908,398 $ 3,012 $ 13,139 $ — $ 924,549 December 31, 2021 Pass Special Mention Substandard Doubtful Total (in thousands) Manufactured housing $ 295,810 $ — $ 1,553 $ — $ 297,363 Commercial real estate: Commercial real estate 415,471 3,043 11,255 — 429,769 SBA 504 1st trust deed 14,646 — 2,315 — 16,961 Land 7,185 — — — 7,185 Construction 25,593 — — — 25,593 Commercial 50,372 26 2,265 — 52,663 SBA 1,891 — 114 — 2,005 HELOC 3,579 — — — 3,579 Single family real estate 8,487 — 262 — 8,749 Consumer 109 — — — 109 Total, net 823,143 3,069 17,764 $ — 843,976 Government guaranteed loans 23,610 — 1,961 — 25,571 Total $ 846,753 $ 3,069 $ 19,725 $ — $ 869,547 There were no loans classified as “Loss” at September 30, 2022 or December 31, 2021. 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 total carrying amount of loans that were classified as TDRs at September 30, 2022 and December 31, 2021 was $6.3 million and $8.6 million, respectively. TDRs that were performing according to their modified terms as of September 30, 2022 and December 31, 2021 were $6.2 million and $8.4 million, respectively. For the three and nine months ended September 30, 2022, there was one new TDR loan with a balance of $122 thousand. This TDR had an immaterial impact on the allowance and provision for loan losses for the quarter and year-to-date periods. There were no new TDR loans during the three and nine months ended September 30, 2021. 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, 2022 or 2021. At September 30, 2022 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, 2022
OTHER ASSETS ACQUIRED THROUGH FORECLOSURE [Abstract]
OTHER ASSETS ACQUIRED THROUGH FORECLOSURE	5. OTHER ASSETS ACQUIRED THROUGH FORECLOSURE 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 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 to the extent that they are deemed to be recoverable and increase the value of the property; otherwise those costs are expensed. Costs related to holding the assets are charged to expense. The balance of other assets acquired through foreclosure at September 30, 2022 and December 31, 2021 is primarily attributable to a single commercial agricultural relationship. The following table summarizes the changes in other assets acquired through foreclosure: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 (in thousands) Balance, beginning of period $ 2,250 $ 2,572 $ 2,518 $ 2,614 Additions — — — 136 Proceeds from dispositions — — (372 ) — Gain (loss) on sales, net — — 104 (178 ) Balance, end of period $ 2,250 $ 2,572 $ 2,250 $ 2,572

FAIR VALUE MEASUREMENT

FAIR VALUE MEASUREMENT	9 Months Ended
	Sep. 30, 2022
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 fair value measurements. The valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. ASC 820 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 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. 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, 2022 or December 31, 2021. The estimated fair value amounts for September 30, 2022 and December 31, 2021 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 2022 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 $ 198 $ — $ — $ 198 Investment securities available-for-sale U.S. government agency notes — 4,480 — 4,480 U.S. government agency collateralized mortgage obligations — 4,470 — 4,470 U.S. Treasury securities — 39,795 — 39,795 Corporate debt securities — 8,370 — 8,370 Interest only strips — — 9 9 Servicing assets — — 34 34 Total $ 198 $ 57,115 $ 43 $ 57,356 Fair Value Measurements at the End of the Reporting Period Using: December 31, 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 $ 248 $ — $ — $ 248 Investment securities available-for-sale U.S. government agency notes — 5,508 — 5,508 U.S. government agency collateralized mortgage obligations — 4,883 — 4,883 Corporate debt securities — 9,320 — 9,320 Interest only strips — — 15 15 Servicing assets — — 1,600 1,600 Total $ 248 $ 19,711 $ 1,615 $ 21,574 The change in Level 3 assets measured at fair value on a recurring basis included in income was as follows: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Servicing Assets: (in thousands) Balance, beginning of period $ 36 35 $ 44 $ 43 Additions — — — — Amortization — — — — Valuation adjustments (2 ) 9 (10 ) 1 Balance, end of period $ 34 44 $ 34 $ 44 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. For certain servicing assets, the Company had elected to use the amortization 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 and discount rates. 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, assets acquired through foreclosure, 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 2022 Impaired loans $ 3,404 $ — $ 3,404 $ — Other assets acquired through foreclosure 2,250 — 2,250 — Total $ 5,654 $ — $ 5,654 $ — 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, 2021 Impaired loans $ 3,785 $ — $ 3,785 $ — Other assets acquired through foreclosure 2,518 — 2,518 — Total $ 6,303 $ — $ 6,303 $ — 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, 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. Loans held for sale are carried at the lower of cost or fair value. 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. Other assets acquired through foreclosure are carried 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, 2022 Carrying Fair Value Amount Level 1 Level 2 Level 3 Total Financial assets: (in thousands) Cash and cash equivalents $ 51,295 $ 51,295 $ — $ — $ 51,295 FHLB and FRB stock 4,533 — 4,533 — 4,533 Investment securities - available-for-sale 57,115 — 57,115 — 57,115 Investment securities - held-to-maturity 2,596 — 2,452 — 2,452 Investment securities - measured at fair value 198 198 — — 198 Loans, net and loans held for sale 934,581 — 894,582 3,404 897,986 Accrued interest receivable 5,328 — 5,328 — 5,328 Servicing assets 1,555 — — 2,635 2,635 Interest only strips 9 — — 9 9 Financial liabilities: Deposits 852,189 — 847,583 — 847,583 FHLB advances 110,000 — 102,609 — 102,609 Accrued interest payable 45 — 45 — 45 December 31, 2021 Carrying Fair Value Amount Level 1 Level 2 Level 3 Total Financial assets: (in thousands) Cash and cash equivalents $ 208,375 $ 208,375 $ — $ — $ 208,375 FHLB and FRB stock 4,441 — 4,441 — 4,441 Investment securities - available-for-sale 19,711 — 19,711 — 19,711 Investment securities - held-to-maturity 2,815 — 2,974 — 2,974 Investment securities - measured at fair value 248 248 — — 248 Loans, net and loans held for sale 881,679 — 870,868 5,452 876,320 Accrued interest receivable 5,841 — 5,841 — 5,841 Servicing assets 1,600 — — 2,254 2,254 Interest only strips 15 — — 15 15 Financial liabilities: Deposits 950,131 — 948,648 — 948,648 FHLB advances 90,000 — 88,409 — 88,409 Accrued interest payable 58 — 58 — 58

BORROWINGS

BORROWINGS	9 Months Ended
	Sep. 30, 2022
BORROWINGS [Abstract]
BORROWINGS	7. 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 $110.0 million at September 30, 2022, with interest rates ranging from 0.76% to 3.18%. million at December 31, 2021, with interest rates ranging from 0.76% to 0.95%. September September September September The following table presents the contractual maturities by year of FHLB advances as of September 30, 2022 (in thousands): Within one year $ 20,000 After one through two years — After two through three years 90,000 Total $ 110,000 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. At September September Federal Funds Purchased Lines – The Company has federal funds borrowing lines at correspondent banks totaling $20.0 million. There were no amounts outstanding as of September 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 $1.0 million. In addition, the Company must maintain a minimum debt service coverage ratio of 1.65 to 1, a minimum Tier 1 leverage ratio of 7.0%, a minimum total risked based capital ratio of 10.0% and a maximum net non-accrual ratio of not more than 3%. The line of credit matured in September 2022 and the Company renewed the line of credit for an additional one-year term and increased the amount available to $10.0 million with no other changes to the financial terms or covenants. As of September 30, 2022 and December 31, 2021, there

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	9 Months Ended
	Sep. 30, 2022
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, 2022 2021 2022 2021 Unrealized holding gains (losses) on AFS Unrealized holding gains (losses) on AFS (in thousands) Beginning balance $ (447 ) $ 150 $ 92 $ 35 Other comprehensive (loss) income before reclassifications (307 ) (12 ) (846 ) 103 Amounts reclassified from accumulated other comprehensive income — — — — Net current-period other comprehensive (loss) income (307 ) (12 ) (846 ) 103 Ending Balance $ (754 ) $ 138 $ (754 ) $ 138 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 no repurchased shares of common stock under this program during the three and nine months ended September 30, 2022. During the three and nine months ended September 30, 2022, the Company declared and paid common stock dividends of $0.7 million and $1.9 million, respectively. During the three and nine months ended September 30, 2021, the Company declared and paid common stock dividends of $0.6 and $1.7 million, respectively. On October 28, 2022, the Company’s Board of Directors declared a $0.075 per share dividend payable on November 30, 2022, to stockholders of record on November 14, 2022.

CAPITAL REQUIREMENT

CAPITAL REQUIREMENT	9 Months Ended
	Sep. 30, 2022
CAPITAL REQUIREMENT [Abstract]
CAPITAL REQUIREMENT	9. CAPITAL REQUIREMENT CWB is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements could trigger certain mandatory or discretionary actions that, if undertaken, could have a material effect on the Company’s business and financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, CWB must meet specific capital guidelines that involve quantitative measures of its assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The capital amounts and classifications are also subject to qualitative judgements by the regulators about components, risk weightings and other factors. In 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. Under this framework, the Bank would choose the option of using the community bank leverage ratio (CBLR). A CBLR bank may opt out of the framework at any time, without restriction, by reverting to the generally applicable risk-based capital rules. As of the fourth quarter 2021, the Company rescinded its CBLR election. The following tables illustrate the Bank’s regulatory ratios and the Federal Reserve’s current adequacy guidelines as of September 30, 2022 and December 31, 2021. 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) September 30 2022 CWB’s actual regulatory ratios 12.46 % 11.30 % 11.30 % 9.83 % Minimum capital requirements 8.00 % 6.00 % 4.50 % 4.00 % Well-capitalized requirements 10.00 % 8.00 % 6.50 % N/A Total Capital (To Risk- Weighted Assets) Tier 1 Capital (To Risk- Weighted Assets) Common Equity Tier 1 (To Risk- Weighted Assets) Leverage Ratio/Tier 1 Capital (To Average Assets) December 31 2021 CWB’s actual regulatory ratios 12.19 % 11.02 % 11.02 % 8.56 % Minimum capital requirements 8.00 % 6.00 % 4.50 % 4.00 % Well-capitalized requirements 10.00 % 8.00 % 6.50 % N/A There are no conditions or events since September 30, 2022 that management believes have changed the Company’s or the Bank’s risk-based capital category.

REVENUE RECOGNITION

REVENUE RECOGNITION	9 Months Ended
	Sep. 30, 2022
REVENUE RECOGNITION [Abstract]
REVENUE RECOGNITION	10. REVENUE RECOGNITION ASC 606 requires recognition of revenue at an amount that reflects the consideration which the Company expects to be entitled to in exchange for transferring goods or services to a customer. The majority of the Company’s revenue is from sources outside of the scope of ASC 606. Revenue from service charges and fees and interchange fees on credit and debit cards are within the scope of ASC 606. Service Charges on Deposit Accounts Service charges on deposit accounts consist of monthly service fees, check orders, account analysis fees, and other deposit account related fees. The Company’s performance obligation for monthly service fees and account analysis fees is generally satisfied, and the related income recognized, over the period in which the service is provided. Check orders and other deposit related fees are largely transactional based and, therefore, the Company’s performance obligation is satisfied, and related income recognized, at a point in time. Payment for service charges on deposit accounts is primarily received immediately or in the following month through a direct charge to customers’ accounts. Exchange Fees and Other Service Charges Exchange fees and other service charges are primarily comprised of debit and credit card income, merchant services income, ATM fees and other service charges. Debit and credit card income is primarily comprised of interchange fees earned whenever the Company’s debit and credit cards are processed through card payment networks such as Visa or MasterCard. Merchant services income is primarily fees charged to merchants to process their debit and credit card transactions. ATM fees are primarily generated when a Company cardholder uses a non-Company ATM, or a non-Company cardholder uses a Company ATM. Other service charges include fees from processing wire transfers, cashier’s checks, and other services. The Company’s performance obligation for exchange and other service charges are largely satisfied, and related revenue recognized, when the services are rendered or upon completion. Payment is typically received immediately or in the following month. The following table presents non-interest income, segregated by revenue streams in-scope and out-of-scope of Topic 606, for periods indicated. Non-interest income Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 In-scope of Topic 606: (in thousands) Service charges on deposit accounts $ 87 $ 59 $ 225 $ 171 Exchange fees and other service charges 129 125 379 345 Non-interest income (in-scope of ASC 606) 216 184 604 516 Non-interest income (out-of-scope of ASC 606) 656 856 2,610 2,293 Total $ 872 $ 1,040 $ 3,214 $ 2,809 Contract Balances A contract asset balance occurs when an entity performs a service for a customer customer customer customer customers Contract Acquisition Costs In connection with the adoption of ASC 606, an entity is required to capitalize, and subsequently amortize into expense, certain incremental costs of obtaining a contract with a customer

LEASES

LEASES	9 Months Ended
	Sep. 30, 2022
LEASES [Abstract]
LEASES	11. LEASES The Company has operating leases for office space. The Company’s office leases are typically for terms of between 2 and 10 years. As of September 30, 2022 and December 31, 2021, the balance of the 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, 2022 2021 Lease cost: (in thousands) Operating lease cost $ 1,008 $ 1,000 Sublease income — — Total lease cost $ 1,008 $ 1,000 Other information: Operating cash flows from operating leases $ 999 $ 1,068 Weighted average remaining lease term - operating leases 7.21 years 8.93 years Weighted average discount rate - operating leases 3.25 % 3.22 % Future minimum operating lease payments for the years shown are as follows (in thousands): 2022 $ 252 2023 1,014 2024 1,026 2025 976 2026 876 Thereafter 2,011 Total future minimum lease payments $ 6,155 Less remaining imputed interest 685 Total lease liabilities $ 5,470

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2022
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, LLC, the Bank’s wholly-owned limited liability company. Unless indicated otherwise or unless the context suggests otherwise, these entities are referred to herein collectively and on a consolidated
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.
Interim Financial Information	Interim Financial Information T he accompanying unaudited consolidated financial statements as of September 30, 2022 and for the three and nine months ended September 30, 2022 and 2021 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 included in the Annual Report on Form 10-K for the year ended December 31, 2021.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant changes in the near term relate to the determination of the allowance for loan losses and the fair value of securities available-for-sale. Although management believes these estimates to be reasonably accurate, actual amounts may differ. In the opinion of management, all necessary adjustments have been reflected in the financial statements during their preparation.
Reclassifications	Reclassifications Certain amounts in the consolidated financial statements as of December 31, 2021 and for the three and nine months ended September 30, 2021
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 the lower of cost or fair value provision. Loans held for sale are mostly comprised of commercial agriculture loans guaranteed by the USDA Farm Service Agency (“FSA”) and Small Business Association (“SBA”) loans. The Company did not incur any lower of cost or fair value provision expense in the three and nine months ended September
Loans Held for Investment and Interest and Fees from Loans	Loans Held for Investment and Interest and Fees from Loans Loans are recorded 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. 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. 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: 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 of the collateral 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”):
Allowance for Loan Losses	Allowance 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. 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. 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. 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 Company’s credit position at some future date. Special mention assets are not adversely classified and do not expose the Company 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 as 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 7 (a) 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 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 or valuation, an apparent deficiency exists. In the event there is no perceived equity, the loan is generally fully charged-off. Consumer Loans Consumer 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 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 loan’s 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 financial statements prepared by an accountant 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 • 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 other expense on the consolidated income statement.
Other Assets Acquired Through Foreclosure, Net	Other Assets Acquired Through Foreclosure, Net Other assets acquired through foreclosure 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 obtains 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 are classified in the financial statements as income tax expense. Deferred tax assets are included in other assets on the consolidated balance sheets. Management evaluates the Company’s deferred tax asset for recoverability using a consistent approach, which considers the relative impact of negative and positive evidence, including the Company’s historical profitability and projections of future taxable income. The Company is required to establish a valuation allowance for deferred tax assets and record a charge to income if management determines, based on available evidence at the time the determination is made, that it is more likely than not that some portion or all of the deferred tax assets may not be realized. The Company is subject to the provisions of ASC 740, Income Taxes
Earnings Per Share	Earnings Per Share Basic earnings per common share is computed using the weighted average number of common shares outstanding for the period. Diluted earnings per share includes the effect of all dilutive potential common shares for the period. Potentially dilutive common shares include outstanding 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. In addition, the Company has analyzed its historical data and is running parallel calculations under different methods in order to refine its final methodology. 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 has limited exposure to LIBOR. The amendments in ASU 2020-04 were effective for all entities as of March 12, 2020 and may be applied prospectively to contract modifications made on or before December 31, 2022. The adoption of this standard is not anticipated to have a material impact on the Company’s consolidated financial statements. In

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	9 Months Ended
	Sep. 30, 2022
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, 2022 Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value Securities available-for-sale (in thousands) U.S. government agency notes $ 4,445 $ 35 $ — $ 4,480 U.S. government agency collateralized mortgage obligations (“CMO”) 4,567 4 (101 ) 4,470 U.S. Treasury securities 39,930 — (135 ) 39,795 Corporate debt securities 9,250 — (880 ) 8,370 Total $ 58,192 $ 39 $ (1,116 ) $ 57,115 Securities held-to-maturity U.S. government agency mortgage-backed securities (“MBS”) $ 2,596 $ 6 $ (150 ) $ 2,452 Total $ 2,596 $ 6 $ (150 ) $ 2,452 Securities measured at fair value Equity securities: Farmer Mac class A stock $ 66 $ 132 $ — $ 198 Total $ 66 $ 132 $ — $ 198 December 31, 2021 Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value Securities available-for-sale (in thousands) U.S. government agency notes $ 5,476 $ 32 $ — $ 5,508 U.S. government agency CMO 4,862 31 (10 ) 4,883 Corporate debt securities 9,250 102 (32 ) 9,320 Total $ 19,588 $ 165 $ (42 ) $ 19,711 Securities held-to-maturity U.S. government agency MBS $ 2,815 $ 159 $ — $ 2,974 Total $ 2,815 $ 159 $ — $ 2,974 Securities measured at fair value Equity securities: Farmer Mac class A stock $ 66 $ 182 $ — $ 248 Total $ 66 $ 182 $ — $ 248
Maturity Periods and Weighted Average Yields of Investment Securities	The maturity periods and weighted average yields of investment securities available-for-sale and held-to-maturity at the period ends indicated were as follows: September 30, 2022 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 $ — — $ — — $ 533 2.09 % $ 3,947 2.92 % $ 4,480 2.82 % U.S. government agency CMO — — — — — — 4,470 3.40 % 4,470 3.40 % U.S. Treasury securities 39,795 1.61 % — — — — — — 39,795 1.61 % Corporate debt securities — — — — 8,370 3.74 % — — 8,370 3.74 % Total $ 39,795 1.61 % $ — — $ 8,903 3.64 % $ 8,417 3.17 % $ 57,115 2.16 % Securities held-to-maturity U.S. government agency MBS $ — — $ — — $ 751 3.60 % $ 1,845 3.39 % $ 2,596 3.45 % Total $ — — $ — — $ 751 3.60 % $ 1,845 3.39 % $ 2,596 3.45 % December 31, 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 $ — — $ 661 0.59 % $ 4,847 1.30 % $ — — $ 5,508 1.16 % U.S. government agency CMO — — 3,905 0.50 % 978 0.83 % — — 4,883 0.60 % Corporate debt securities — — 9,320 3.70 % — — — — 9,320 3.70 % Total $ — — $ 13,886 2.70 % $ 5,825 1.20 % $ — — $ 19,711 2.20 % Securities held-to-maturity U.S. government agency MBS $ — — $ 2,065 2.90 % $ 750 3.58 % $ — — $ 2,815 3.06 % Total $ — — $ 2,065 2.90 % $ 750 3.58 % $ — — $ 2,815 3.06 %
Amortized Cost and Fair Value of Investment Securities by Contractual Maturities	The amortized cost and fair value of available-for-sale and held-to-maturity investment securities maturities as of the periods presented are as shown below: September 30, 2022 December 31, 2021 Amortized Cost Estimated Fair Value Amortized Cost Estimated Fair Value Securities available-for-sale (in thousands) Due in less than one year $ 39,930 $ 39,795 $ — $ — After one year through five years — — 13,786 13,886 After five years through ten years 9,781 8,903 5,802 5,825 After ten years 8,481 8,417 — — Total $ 58,192 $ 57,115 $ 19,588 $ 19,711 Securities held-to-maturity Due in less than one year $ — $ — $ — $ — After one year through five years — — 2,065 2,137 After five years through ten years 751 707 750 837 After ten years 1,845 1,745 — — Total $ 2,596 $ 2,452 $ 2,815 $ 2,974
Fair Value and Unrealized Losses of Securities in Unrealized Loss Position	As of September 30, 2022 and December 31, 2021, securities that are in an unrealized loss position and length of time that individual securities have been in a continuous loss position are summarized as follows: September 30, 2022 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 CMO $ (87 ) $ 3,122 $ (14 ) $ 640 $ (101 ) $ 3,762 U.S. Treasury securities (135 ) 39,795 — — (135 ) 39,795 Corporate debt securities (724 ) 7,026 (156 ) 1,344 (880 ) 8,370 Total $ (946 ) $ 49,943 $ (170 ) $ 1,984 $ (1,116 ) $ 51,927 Securities held-to-maturity U.S. government agency MBS $ (150 ) $ 2,116 $ — $ — $ (150 ) $ 2,116 Total $ (150 ) $ 2,116 $ — $ — $ (150 ) $ 2,116 December 31, 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 CMO $ — $ — $ (10 ) $ 977 $ (10 ) $ 977 Corporate debt securities (32 ) 2,968 — — (32 ) 2,968 Total $ (32 ) $ 2,968 $ (10 ) $ 977 $ (42 ) $ 3,945

LOANS HELD FOR SALE AND LOANS_2

LOANS HELD FOR SALE AND LOANS SERVICED FOR OTHERS (Tables)	9 Months Ended
	Sep. 30, 2022
LOANS HELD FOR SALE AND LOANS SERVICED FOR OTHERS [Abstract]
Unpaid Balance of Loan Serviced for Others	The unpaid balance of loan serviced for others as of the periods presented are as shown below: September 30, 2022 December 31, 2021 (in thousands) SBA $ 2,112 $ 2,709 USDA, FSA, and USDA Business and Industry 735 745 Farmer Mac 154,006 142,677 Total loans serviced for others $ 156,853 $ 146,131

LOANS HELD FOR INVESTMENT (Tabl

LOANS HELD FOR INVESTMENT (Tables)	9 Months Ended
	Sep. 30, 2022
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, December 31, 2022 2021 (in thousands) Manufactured housing $ 309,989 $ 297,363 Commercial real estate 544,373 480,801 Commercial 54,042 55,287 SBA 3,468 23,659 HELOC 3,373 3,579 Single family real estate 8,981 8,749 Consumer 323 109 Gross loans held for investment 924,549 869,547 Deferred fees, net (920 ) (838 ) Discount on SBA loans (31 ) (34 ) Loans held for investment 923,598 868,675 Allowance for loan losses (11,113 ) (10,404 ) Loans held for investment, net $ 912,485 $ 858,271
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, 2022 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 $ 309,468 $ 389 $ 47 $ — $ 436 $ 85 $ 309,989 $ — Commercial real estate: Commercial real estate 486,802 1,173 — — 1,173 — 487,975 — SBA 504 1st trust deed 13,107 — — — — — 13,107 — Land 12,433 — — — — — 12,433 — Construction 30,858 — — — — — 30,858 — Commercial 53,960 82 — — 82 — 54,042 — SBA 2,703 — 765 — 765 — 3,468 — HELOC 3,373 — — — — — 3,373 — Single family real estate 8,827 — — — — 154 8,981 — Consumer 323 — — — — — 323 — Total $ 921,854 $ 1,644 $ 812 $ — $ 2,456 $ 239 $ 924,549 $ — December 31, 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 $ 296,715 $ 342 $ — $ — $ 342 $ 306 $ 297,363 $ — Commercial real estate: Commercial real estate 431,062 — — — — — 431,062 — SBA 504 1st trust deed 16,961 — — — — — 16,961 — Land 7,185 — — — — — 7,185 — Construction 25,593 — — — — — 25,593 — Commercial 55,287 — — — — — 55,287 — SBA 23,296 223 139 — 362 1 23,659 — HELOC 3,579 — — — — — 3,579 — Single family real estate 8,491 — — — — 258 8,749 — Consumer 109 — — — — — 109 — Total $ 868,278 $ 565 $ 139 $ — $ 704 $ 565 $ 869,547 $ —
Analysis of Allowance for Loan Losses for Loans Held for Investment	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 2022 (in thousands) Beginning balance $ 3,976 $ 6,120 $ 594 $ 23 $ 37 $ 115 $ 1 $ 10,866 Charge-offs — — — (182 ) — — — (182 ) Recoveries 88 20 13 4 6 — — 131 Net (charge-offs) recoveries 88 20 13 (178 ) 6 — — (51 ) Provision (credit) for loan losses (77 ) 182 24 174 (6 ) — 1 298 Ending balance $ 3,987 $ 6,322 $ 631 $ 19 $ 37 $ 115 $ 2 $ 11,113 2021 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) for loan losses (25 ) 149 (15 ) (87 ) (2 ) (13 ) — 7 Ending balance $ 2,609 $ 6,497 $ 1,015 $ 28 $ 24 $ 109 $ 1 $ 10,283 For the Nine Months Ended September 30, Manufactured Housing Commercial Real Estate Commercial SBA HELOC Single Family Real Estate Consumer Total 2022 (in thousands) Beginning balance $ 2,606 $ 6,729 $ 923 $ 22 $ 18 $ 105 $ 1 $ 10,404 Charge-offs — — — (182 ) — — — (182 ) Recoveries 123 60 183 246 12 — 1 625 Net recoveries 123 60 183 64 12 — 1 443 Provision (credit) for loan losses 1,258 (467 ) (475 ) (67 ) 7 10 — 266 Ending balance $ 3,987 $ 6,322 $ 631 $ 19 $ 37 $ 115 $ 2 $ 11,113 2021 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) for loan losses (158 ) 487 (394 ) (136 ) (5 ) — (1 ) (207 ) Ending balance $ 2,609 $ 6,497 $ 1,015 $ 28 $ 24 $ 109 $ 1 $ 10,283
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, 2022 (in thousands) Recorded Investment: Impaired loans with an allowance recorded $ 3,058 $ 212 $ 72 $ 43 $ — $ 213 $ — $ 3,598 Impaired loans with no allowance recorded 1,120 — 1,331 18 — 153 — 2,622 Total loans individually evaluated for impairment 4,178 212 1,403 61 — 366 — 6,220 Loans collectively evaluated for impairment 305,811 544,161 52,639 3,407 3,373 8,615 323 918,329 Total loans held for investment $ 309,989 $ 544,373 $ 54,042 $ 3,468 $ 3,373 $ 8,981 $ 323 $ 924,549 Unpaid Principal Balance Impaired loans with an allowance recorded $ 3,058 $ 212 $ 72 $ 43 $ — $ 213 $ — $ 3,598 Impaired loans with no allowance recorded 1,120 — 1,331 18 — 153 — 2,622 Total loans individually evaluated for impairment 4,178 212 1,403 61 — 366 — 6,220 Loans collectively evaluated for impairment 305,811 544,161 52,639 3,407 3,373 8,615 323 918,329 Total loans held for investment $ 309,989 $ 544,373 $ 54,042 $ 3,468 $ 3,373 $ 8,981 $ 323 $ 924,549 Related Allowance for Loan Losses Loans individually evaluated for impairment 166 17 1 1 — 9 — 194 Loans collectively evaluated for impairment 3,821 6,305 630 18 37 106 2 10,919 Total allowance for loan losses $ 3,987 $ 6,322 $ 631 $ 19 $ 37 $ 115 $ 2 $ 11,113 Manufactured Housing Commercial Real Estate Commercial SBA HELOC Single Family Real Estate Consumer Total Loans Loans Held for Investment as of December 31, 2021 (in thousands) Recorded Investment: Impaired loans with an allowance recorded $ 3,563 $ 220 $ 85 $ 194 $ — $ 425 $ — $ 4,487 Impaired loans with no allowance recorded 1,358 1,402 1,505 226 — 258 — 4,749 Total loans individually evaluated for impairment 4,921 1,622 1,590 420 — 683 — 9,236 Loans collectively evaluated for impairment 292,442 479,179 53,697 23,239 3,579 8,066 109 860,311 Total loans held for investment $ 297,363 $ 480,801 $ 55,287 $ 23,659 $ 3,579 $ 8,749 $ 109 $ 869,547 Unpaid Principal Balance Impaired loans with an allowance recorded $ 3,563 $ 220 $ 85 $ 194 $ — $ 683 $ — $ 4,745 Impaired loans with no allowance recorded 1,358 1,402 1,505 226 — — — 4,491 Total loans individually evaluated for impairment 4,921 1,622 1,590 420 — 683 — 9,236 Loans collectively evaluated for impairment 292,442 479,179 53,697 23,239 3,579 8,066 109 860,311 Total loans held for investment $ 297,363 $ 480,801 $ 55,287 $ 23,659 $ 3,579 $ 8,749 $ 109 $ 869,547 Related Allowance for Loan Losses Loans individually evaluated for impairment 210 17 — 1 — 12 — 240 Loans collectively evaluated for impairment 2,396 6,712 923 21 18 93 1 10,164 Total allowance for loan losses $ 2,606 $ 6,729 $ 923 $ 22 $ 18 $ 105 $ 1 $ 10,404
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, 2022 2021 Average Investment in Impaired Loans Interest Income Average Investment in Impaired Loans Interest Income (in thousands) Manufactured housing $ 4,198 $ 88 $ 4,961 $ 95 Commercial real estate: SBA 504 1st trust deed 213 4 1,533 4 Commercial 1,423 24 1,622 24 SBA 85 7 593 4 Single family real estate 488 6 1,512 10 Total $ 6,407 $ 129 $ 10,221 $ 137 Nine Months Ended September 30, 2022 2021 Average Investment in Impaired Loans Interest Income Average Investment in Impaired Loans Interest Income (in thousands) Manufactured housing $ 4,503 $ 261 $ 5,683 $ 277 Commercial real estate: SBA 504 1st trust deed 525 12 1,615 48 Commercial 1,489 67 1,645 78 SBA 164 19 480 11 Single family real estate 577 19 1,913 91 Total $ 7,258 $ 378 $ 11,336 $ 505
Gross Loans by Risk Rating	The following tables present gross loans by risk rating: September 30, 2022 Pass Special Mention Substandard Doubtful Total (in thousands) Manufactured housing $ 308,897 $ — $ 1,092 $ — $ 309,989 Commercial real estate: Commercial real estate 478,397 225 8,084 — 486,706 SBA 504 1st trust deed 12,632 — 475 — 13,107 Land 12,433 — — — 12,433 Construction 30,858 — — — 30,858 Commercial 47,439 2,787 2,670 — 52,896 SBA 839 — — — 839 HELOC 3,373 — — — 3,373 Single family real estate 8,823 — 158 — 8,981 Consumer 323 — — — 323 Total, net 904,014 3,012 12,479 — 919,505 Government guaranteed loans 4,384 — 660 — 5,044 Total $ 908,398 $ 3,012 $ 13,139 $ — $ 924,549 December 31, 2021 Pass Special Mention Substandard Doubtful Total (in thousands) Manufactured housing $ 295,810 $ — $ 1,553 $ — $ 297,363 Commercial real estate: Commercial real estate 415,471 3,043 11,255 — 429,769 SBA 504 1st trust deed 14,646 — 2,315 — 16,961 Land 7,185 — — — 7,185 Construction 25,593 — — — 25,593 Commercial 50,372 26 2,265 — 52,663 SBA 1,891 — 114 — 2,005 HELOC 3,579 — — — 3,579 Single family real estate 8,487 — 262 — 8,749 Consumer 109 — — — 109 Total, net 823,143 3,069 17,764 $ — 843,976 Government guaranteed loans 23,610 — 1,961 — 25,571 Total $ 846,753 $ 3,069 $ 19,725 $ — $ 869,547

OTHER ASSETS ACQUIRED THROUGH_2

OTHER ASSETS ACQUIRED THROUGH FORECLOSURE (Tables)	9 Months Ended
	Sep. 30, 2022
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, 2022 2021 2022 2021 (in thousands) Balance, beginning of period $ 2,250 $ 2,572 $ 2,518 $ 2,614 Additions — — — 136 Proceeds from dispositions — — (372 ) — Gain (loss) on sales, net — — 104 (178 ) Balance, end of period $ 2,250 $ 2,572 $ 2,250 $ 2,572

FAIR VALUE MEASUREMENT (Tables)

FAIR VALUE MEASUREMENT (Tables)	9 Months Ended
	Sep. 30, 2022
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 2022 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 $ 198 $ — $ — $ 198 Investment securities available-for-sale U.S. government agency notes — 4,480 — 4,480 U.S. government agency collateralized mortgage obligations — 4,470 — 4,470 U.S. Treasury securities — 39,795 — 39,795 Corporate debt securities — 8,370 — 8,370 Interest only strips — — 9 9 Servicing assets — — 34 34 Total $ 198 $ 57,115 $ 43 $ 57,356 Fair Value Measurements at the End of the Reporting Period Using: December 31, 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 $ 248 $ — $ — $ 248 Investment securities available-for-sale U.S. government agency notes — 5,508 — 5,508 U.S. government agency collateralized mortgage obligations — 4,883 — 4,883 Corporate debt securities — 9,320 — 9,320 Interest only strips — — 15 15 Servicing assets — — 1,600 1,600 Total $ 248 $ 19,711 $ 1,615 $ 21,574
Change in Level 3 Assets Measured at Fair Value on a Recurring Basis	The change in Level 3 assets measured at fair value on a recurring basis included in income was as follows: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Servicing Assets: (in thousands) Balance, beginning of period $ 36 35 $ 44 $ 43 Additions — — — — Amortization — — — — Valuation adjustments (2 ) 9 (10 ) 1 Balance, end of period $ 34 44 $ 34 $ 44
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 2022 Impaired loans $ 3,404 $ — $ 3,404 $ — Other assets acquired through foreclosure 2,250 — 2,250 — Total $ 5,654 $ — $ 5,654 $ — 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, 2021 Impaired loans $ 3,785 $ — $ 3,785 $ — Other assets acquired through foreclosure 2,518 — 2,518 — Total $ 6,303 $ — $ 6,303 $ —
Estimated Fair Values and Carrying Values of Financial Instruments	The estimated fair value of the Company’s financial instruments are as follows: September 30, 2022 Carrying Fair Value Amount Level 1 Level 2 Level 3 Total Financial assets: (in thousands) Cash and cash equivalents $ 51,295 $ 51,295 $ — $ — $ 51,295 FHLB and FRB stock 4,533 — 4,533 — 4,533 Investment securities - available-for-sale 57,115 — 57,115 — 57,115 Investment securities - held-to-maturity 2,596 — 2,452 — 2,452 Investment securities - measured at fair value 198 198 — — 198 Loans, net and loans held for sale 934,581 — 894,582 3,404 897,986 Accrued interest receivable 5,328 — 5,328 — 5,328 Servicing assets 1,555 — — 2,635 2,635 Interest only strips 9 — — 9 9 Financial liabilities: Deposits 852,189 — 847,583 — 847,583 FHLB advances 110,000 — 102,609 — 102,609 Accrued interest payable 45 — 45 — 45 December 31, 2021 Carrying Fair Value Amount Level 1 Level 2 Level 3 Total Financial assets: (in thousands) Cash and cash equivalents $ 208,375 $ 208,375 $ — $ — $ 208,375 FHLB and FRB stock 4,441 — 4,441 — 4,441 Investment securities - available-for-sale 19,711 — 19,711 — 19,711 Investment securities - held-to-maturity 2,815 — 2,974 — 2,974 Investment securities - measured at fair value 248 248 — — 248 Loans, net and loans held for sale 881,679 — 870,868 5,452 876,320 Accrued interest receivable 5,841 — 5,841 — 5,841 Servicing assets 1,600 — — 2,254 2,254 Interest only strips 15 — — 15 15 Financial liabilities: Deposits 950,131 — 948,648 — 948,648 FHLB advances 90,000 — 88,409 — 88,409 Accrued interest payable 58 — 58 — 58

BORROWINGS (Tables)

BORROWINGS (Tables)	9 Months Ended
	Sep. 30, 2022
BORROWINGS [Abstract]
Contractual Maturities of FHLB Advances	The following table presents the contractual maturities by year of FHLB advances as of September 30, 2022 (in thousands): Within one year $ 20,000 After one through two years — After two through three years 90,000 Total $ 110,000

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	9 Months Ended
	Sep. 30, 2022
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, 2022 2021 2022 2021 Unrealized holding gains (losses) on AFS Unrealized holding gains (losses) on AFS (in thousands) Beginning balance $ (447 ) $ 150 $ 92 $ 35 Other comprehensive (loss) income before reclassifications (307 ) (12 ) (846 ) 103 Amounts reclassified from accumulated other comprehensive income — — — — Net current-period other comprehensive (loss) income (307 ) (12 ) (846 ) 103 Ending Balance $ (754 ) $ 138 $ (754 ) $ 138

CAPITAL REQUIREMENT (Tables)

CAPITAL REQUIREMENT (Tables)	9 Months Ended
	Sep. 30, 2022
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, 2022 and December 31, 2021. 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) September 30 2022 CWB’s actual regulatory ratios 12.46 % 11.30 % 11.30 % 9.83 % Minimum capital requirements 8.00 % 6.00 % 4.50 % 4.00 % Well-capitalized requirements 10.00 % 8.00 % 6.50 % N/A Total Capital (To Risk- Weighted Assets) Tier 1 Capital (To Risk- Weighted Assets) Common Equity Tier 1 (To Risk- Weighted Assets) Leverage Ratio/Tier 1 Capital (To Average Assets) December 31 2021 CWB’s actual regulatory ratios 12.19 % 11.02 % 11.02 % 8.56 % Minimum capital requirements 8.00 % 6.00 % 4.50 % 4.00 % Well-capitalized requirements 10.00 % 8.00 % 6.50 % N/A

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	9 Months Ended
	Sep. 30, 2022
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, 2022 2021 2022 2021 In-scope of Topic 606: (in thousands) Service charges on deposit accounts $ 87 $ 59 $ 225 $ 171 Exchange fees and other service charges 129 125 379 345 Non-interest income (in-scope of ASC 606) 216 184 604 516 Non-interest income (out-of-scope of ASC 606) 656 856 2,610 2,293 Total $ 872 $ 1,040 $ 3,214 $ 2,809

LEASES (Tables)

LEASES (Tables)	9 Months Ended
	Sep. 30, 2022
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, 2022 2021 Lease cost: (in thousands) Operating lease cost $ 1,008 $ 1,000 Sublease income — — Total lease cost $ 1,008 $ 1,000 Other information: Operating cash flows from operating leases $ 999 $ 1,068 Weighted average remaining lease term - operating leases 7.21 years 8.93 years Weighted average discount rate - operating leases 3.25 % 3.22 %
Future Minimum Operating Lease Payments	Future minimum operating lease payments for the years shown are as follows (in thousands): 2022 $ 252 2023 1,014 2024 1,026 2025 976 2026 876 Thereafter 2,011 Total future minimum lease payments $ 6,155 Less remaining imputed interest 685 Total lease liabilities $ 5,470

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	9 Months Ended
	Sep. 30, 2022 Payment Category
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
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
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, 2022	Dec. 31, 2021
Securities available-for-sale [Abstract]
Amortized cost	$ 58,192	$ 19,588
Gross unrealized gains	39	165
Gross unrealized (losses)	(1,116)	(42)
Fair value	57,115	19,711
U.S. Government Agency Notes [Member]
Securities available-for-sale [Abstract]
Amortized cost	4,445	5,476
Gross unrealized gains	35	32
Gross unrealized (losses)	0	0
Fair value	4,480	5,508
U.S. Government Agency Collateralized Mortgage Obligations ("CMO") [Member]
Securities available-for-sale [Abstract]
Amortized cost	4,567	4,862
Gross unrealized gains	4	31
Gross unrealized (losses)	(101)	(10)
Fair value	4,470	4,883
U.S. Treasury Securities [Member]
Securities available-for-sale [Abstract]
Amortized cost	39,930
Gross unrealized gains	0
Gross unrealized (losses)	(135)
Fair value	39,795
Corporate Debt Securities [Member]
Securities available-for-sale [Abstract]
Amortized cost	9,250	9,250
Gross unrealized gains	0	102
Gross unrealized (losses)	(880)	(32)
Fair value	$ 8,370	$ 9,320

INVESTMENT SECURITIES, Securi_2

INVESTMENT SECURITIES, Securities Held-to-Maturity (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Securities held-to-maturity [Abstract]
Amortized cost	$ 2,596	$ 2,815
Gross unrealized gains	6	159
Gross unrealized (losses)	(150)	0
Fair value	2,452	2,974
U.S. Government Agency Mortgage Backed Securities ("MBS") [Member]
Securities held-to-maturity [Abstract]
Amortized cost	2,596	2,815
Gross unrealized gains	6	159
Gross unrealized (losses)	(150)	0
Fair value	$ 2,452	$ 2,974

INVESTMENT SECURITIES, Securi_3

INVESTMENT SECURITIES, Securities Measured at Fair Value (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Securities measured at fair value [Abstract]
Amortized cost	$ 66	$ 66
Gross unrealized gains	132	182
Gross unrealized (losses)	0	0
Fair value	198	248
Equity Securities: Farmer Mac Class A Stock [Member]
Securities measured at fair value [Abstract]
Amortized cost	66	66
Gross unrealized gains	132	182
Gross unrealized losses	0	0
Fair value	$ 198	$ 248

INVESTMENT SECURITIES, Securi_4

INVESTMENT SECURITIES, Securities Pledged as Collateral (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
INVESTMENT SECURITIES [Abstract]
Securities pledged as collateral to the Federal Home Loan Bank ("FHLB")	$ 51.2	$ 13.2

INVESTMENT SECURITIES, Maturity

INVESTMENT SECURITIES, Maturity Periods and Weighted Average Yields (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Maturity periods and weighted average yields of investment securities available-for-sale [Abstract]
Less than one year, amount	$ 39,795	$ 0
Less than one year, yield	1.61%	0%
One to five years, amount	$ 0	$ 13,886
One to five years, yield	0%	2.70%
Five to ten years, amount	$ 8,903	$ 5,825
Five to ten years, yield	3.64%	1.20%
Over ten years, amount	$ 8,417	$ 0
Over ten years, yield	3.17%	0%
Total amount	$ 57,115	$ 19,711
Total yield	2.16%	2.20%
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%	0%
One to five years, amount	$ 0	$ 2,065
One to five years, yield	0%	2.90%
Five to ten years, amount	$ 751	$ 750
Five to ten years, yield	3.60%	3.58%
Over ten years, amount	$ 1,845	$ 0
Over ten years, yield	3.39%	0%
Total amount	$ 2,596	$ 2,815
Total yield	3.45%	3.06%
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%	0%
One to five years, amount	$ 0	$ 661
One to five years, yield	0%	0.59%
Five to ten years, amount	$ 533	$ 4,847
Five to ten years, yield	2.09%	1.30%
Over ten years, amount	$ 3,947	$ 0
Over ten years, yield	2.92%	0%
Total amount	$ 4,480	$ 5,508
Total yield	2.82%	1.16%
U.S. Government Agency CMO [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%	0%
One to five years, amount	$ 0	$ 3,905
One to five years, yield	0%	0.50%
Five to ten years, amount	$ 0	$ 978
Five to ten years, yield	0%	0.83%
Over ten years, amount	$ 4,470	$ 0
Over ten years, yield	3.40%	0%
Total amount	$ 4,470	$ 4,883
Total yield	3.40%	0.60%
U.S. Treasury Securities [Member]
Maturity periods and weighted average yields of investment securities available-for-sale [Abstract]
Less than one year, amount	$ 39,795
Less than one year, yield	1.61%
One to five years, amount	$ 0
One to five years, yield	0%
Five to ten years, amount	$ 0
Five to ten years, yield	0%
Over ten years, amount	$ 0
Over ten years, yield	0%
Total amount	$ 39,795
Total yield	1.61%
Corporate Debt Securities [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%	0%
One to five years, amount	$ 0	$ 9,320
One to five years, yield	0%	3.70%
Five to ten years, amount	$ 8,370	$ 0
Five to ten years, yield	3.74%	0%
Over ten years, amount	$ 0	$ 0
Over ten years, yield	0%	0%
Total amount	$ 8,370	$ 9,320
Total yield	3.74%	3.70%
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%	0%
One to five years, amount	$ 0	$ 2,065
One to five years, yield	0%	2.90%
Five to ten years, amount	$ 751	$ 750
Five to ten years, yield	3.60%	3.58%
Over ten years, amount	$ 1,845	$ 0
Over ten years, yield	3.39%	0%
Total amount	$ 2,596	$ 2,815
Total yield	3.45%	3.06%

INVESTMENT SECURITIES, Investme

INVESTMENT SECURITIES, Investment Securities by Contractual Maturities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Securities available-for-sale, Amortized Cost [Abstract]
Due in less than one year	$ 39,930	$ 0
After one year through five years	0	13,786
After five years through ten years	9,781	5,802
After ten years	8,481	0
Amortized cost	58,192	19,588
Securities available for sale, Estimated Fair Value [Abstract]
Due in less than one year	39,795	0
After one year through five years	0	13,886
After five years through ten years	8,903	5,825
After ten years	8,417	0
Estimated fair value	57,115	19,711
Securities held to maturity, Amortized Cost [Abstract]
Due in less than one year	0	0
After one year through five years	0	2,065
After five years through ten years	751	750
After ten years	1,845	0
Amortized cost	2,596	2,815
Securities held to maturity, Estimated Fair Value [Abstract]
Due in less than one year	0	0
After one year through five years	0	2,137
After five years through ten years	707	837
After ten years	1,745	0
Estimated fair value	$ 2,452	$ 2,974

INVESTMENT SECURITIES, Unrealiz

INVESTMENT SECURITIES, Unrealized Loss Positions (Details) $ in Thousands	Sep. 30, 2022 USD ($) Security	Dec. 31, 2021 USD ($) Security
Securities available-for-sale, continuous unrealized loss position [Abstract]
Less than twelve months, gross unrealized losses	$ (946)	$ (32)
More than twelve months, gross unrealized losses	(170)	(10)
Total, gross unrealized losses	(1,116)	(42)
Less than twelve months, fair value	49,943	2,968
More than twelve months, fair value	1,984	977
Total, fair value	51,927	$ 3,945
Securities held-to-maturity, continuous unrealized loss position [Abstract]
Less than twelve months, gross unrealized losses	(150)
More than twelve months, gross unrealized losses	0
Total, gross unrealized losses	(150)
Less than twelve months, fair value	2,116
More than twelve months, fair value	0
Total, fair value	$ 2,116
Securities in unrealized loss positions | Security	39	4
U.S. Government Agency CMO [Member]
Securities available-for-sale, continuous unrealized loss position [Abstract]
Less than twelve months, gross unrealized losses	$ (87)	$ 0
More than twelve months, gross unrealized losses	(14)	(10)
Total, gross unrealized losses	(101)	(10)
Less than twelve months, fair value	3,122	0
More than twelve months, fair value	640	977
Total, fair value	3,762	977
U.S. Treasury Securities [Member]
Securities available-for-sale, continuous unrealized loss position [Abstract]
Less than twelve months, gross unrealized losses	(135)
More than twelve months, gross unrealized losses	0
Total, gross unrealized losses	(135)
Less than twelve months, fair value	39,795
More than twelve months, fair value	0
Total, fair value	39,795
Corporate Debt Securities [Member]
Securities available-for-sale, continuous unrealized loss position [Abstract]
Less than twelve months, gross unrealized losses	(724)	(32)
More than twelve months, gross unrealized losses	(156)	0
Total, gross unrealized losses	(880)	(32)
Less than twelve months, fair value	7,026	2,968
More than twelve months, fair value	1,344	0
Total, fair value	8,370	$ 2,968
U.S. Government Agency MBS [Member]
Securities held-to-maturity, continuous unrealized loss position [Abstract]
Less than twelve months, gross unrealized losses	(150)
More than twelve months, gross unrealized losses	0
Total, gross unrealized losses	(150)
Less than twelve months, fair value	2,116
More than twelve months, fair value	0
Total, fair value	$ 2,116

LOANS HELD FOR SALE AND LOANS_3

LOANS HELD FOR SALE AND LOANS SERVICED FOR OTHERS (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Loans Held for Sale and Serviced for Others [Abstract]
Loans included in loans held for sale	$ 22,096	$ 23,408
Loans serviced for others	156,853	146,131
SBA [Member]
Loans Held for Sale and Serviced for Others [Abstract]
Loans included in loans held for sale	5,300	6,300
Loans serviced for others	2,112	2,709
US Department of Agriculture [Member]
Loans Held for Sale and Serviced for Others [Abstract]
Loans included in loans held for sale	16,800	17,100
USDA, FSA, and USDA Business and Industry [Member]
Loans Held for Sale and Serviced for Others [Abstract]
Loans serviced for others	735	745
Farmer Mac [Member]
Loans Held for Sale and Serviced for Others [Abstract]
Loans serviced for others	$ 154,006	$ 142,677

LOANS HELD FOR INVESTMENT, Comp

LOANS HELD FOR INVESTMENT, Composition of Loans Held for Investment Portfolio (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2020
Loans held for investment [Abstract]
Gross loans held for investment	$ 924,549		$ 869,547
Deferred fees, net	(920)		(838)
Discount on SBA loans	(31)		(34)
Loans held for investment	923,598		868,675
Allowance for loan losses	(11,113)	$ (10,866)	(10,404)	$ (10,283)	$ (10,240)	$ (10,194)
Total loans held for investment, net	912,485		858,271
Manufactured Housing [Member]
Loans held for investment [Abstract]
Gross loans held for investment	309,989		297,363
Allowance for loan losses	(3,987)	(3,976)	(2,606)	(2,609)	(2,630)	(2,612)
Commercial Real Estate [Member]
Loans held for investment [Abstract]
Gross loans held for investment	544,373		480,801
Allowance for loan losses	(6,322)	(6,120)	(6,729)	(6,497)	(6,328)	(5,950)
Commercial [Member]
Loans held for investment [Abstract]
Gross loans held for investment	54,042		55,287
Allowance for loan losses	(631)	(594)	(923)	(1,015)	(1,020)	(1,379)
SBA [Member]
Loans held for investment [Abstract]
Gross loans held for investment	3,468		23,659
Allowance for loan losses	(19)	(23)	(22)	(28)	(114)	(118)
HELOC [Member]
Loans held for investment [Abstract]
Gross loans held for investment	3,373		3,579
Allowance for loan losses	(37)	(37)	(18)	(24)	(25)	(25)
Single Family Real Estate [Member]
Loans held for investment [Abstract]
Gross loans held for investment	8,981		8,749
Allowance for loan losses	(115)	(115)	(105)	(109)	(122)	(108)
Consumer [Member]
Loans held for investment [Abstract]
Gross loans held for investment	323		109
Allowance for loan losses	$ (2)	$ (1)	$ (1)	$ (1)	$ (1)	$ (2)

LOANS HELD FOR INVESTMENT, Fina

LOANS HELD FOR INVESTMENT, Financing Receivables Past Due (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Aging of loans held for investment [Abstract]
Total loans held for investment	$ 924,549		$ 924,549		$ 869,547
Nonaccrual	239		239		565
Recorded investment over 90 days and accruing	0		$ 0		0
Period past due after which accrual of interest is discontinued			90 days
Foregone interest on nonaccrual and troubled debt restructured loans	9	$ 35	$ 32	$ 122
Current [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	921,854		921,854		868,278
Total Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	2,456		2,456		704
30-59 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	1,644		1,644		565
60-89 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	812		812		139
Over 90 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	0		0		0
Manufactured Housing [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	309,989		309,989		297,363
Nonaccrual	85		85		306
Recorded investment over 90 days and accruing	0		0		0
Manufactured Housing [Member] | Current [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	309,468		309,468		296,715
Manufactured Housing [Member] | Total Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	436		436		342
Manufactured Housing [Member] | 30-59 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	389		389		342
Manufactured Housing [Member] | 60-89 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	47		47		0
Manufactured Housing [Member] | Over 90 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	0		0		0
Commercial Real Estate [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	544,373		544,373		480,801
Commercial Real Estate [Member] | Commercial Real Estate [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	487,975		487,975		431,062
Nonaccrual	0		0		0
Recorded investment over 90 days and accruing	0		0		0
Commercial Real Estate [Member] | Commercial Real Estate [Member] | Current [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	486,802		486,802		431,062
Commercial Real Estate [Member] | Commercial Real Estate [Member] | Total Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	1,173		1,173		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	1,173		1,173		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		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		0
Commercial Real Estate [Member] | SBA 504 1st Trust Deed [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	13,107		13,107		16,961
Nonaccrual	0		0		0
Recorded investment over 90 days and accruing	0		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	13,107		13,107		16,961
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		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		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		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		0
Commercial Real Estate [Member] | Land [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	12,433		12,433		7,185
Nonaccrual	0		0		0
Recorded investment over 90 days and accruing	0		0		0
Commercial Real Estate [Member] | Land [Member] | Current [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	12,433		12,433		7,185
Commercial Real Estate [Member] | Land [Member] | Total Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	0		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		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		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		0
Commercial Real Estate [Member] | Construction [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	30,858		30,858		25,593
Nonaccrual	0		0		0
Recorded investment over 90 days and accruing	0		0		0
Commercial Real Estate [Member] | Construction [Member] | Current [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	30,858		30,858		25,593
Commercial Real Estate [Member] | Construction [Member] | Total Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	0		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		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		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		0
Commercial [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	54,042		54,042		55,287
Nonaccrual	0		0		0
Recorded investment over 90 days and accruing	0		0		0
Commercial [Member] | Current [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	53,960		53,960		55,287
Commercial [Member] | Total Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	82		82		0
Commercial [Member] | 30-59 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	82		82		0
Commercial [Member] | 60-89 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	0		0		0
Commercial [Member] | Over 90 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	0		0		0
SBA [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	3,468		3,468		23,659
Nonaccrual	0		0		1
Recorded investment over 90 days and accruing	0		0		0
SBA [Member] | Current [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	2,703		2,703		23,296
SBA [Member] | Total Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	765		765		362
SBA [Member] | 30-59 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	0		0		223
SBA [Member] | 60-89 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	765		765		139
SBA [Member] | Over 90 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	0		0		0
HELOC [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	3,373		3,373		3,579
Nonaccrual	0		0		0
Recorded investment over 90 days and accruing	0		0		0
HELOC [Member] | Current [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	3,373		3,373		3,579
HELOC [Member] | Total Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	0		0		0
HELOC [Member] | 30-59 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	0		0		0
HELOC [Member] | 60-89 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	0		0		0
HELOC [Member] | Over 90 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	0		0		0
Single Family Real Estate [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	8,981		8,981		8,749
Nonaccrual	154		154		258
Recorded investment over 90 days and accruing	0		0		0
Single Family Real Estate [Member] | Current [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	8,827		8,827		8,491
Single Family Real Estate [Member] | Total Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	0		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		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		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		0
Consumer [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	323		323		109
Nonaccrual	0		0		0
Recorded investment over 90 days and accruing	0		0		0
Consumer [Member] | Current [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	323		323		109
Consumer [Member] | Total Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	0		0		0
Consumer [Member] | 30-59 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	0		0		0
Consumer [Member] | 60-89 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	0		0		0
Consumer [Member] | Over 90 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	$ 0		$ 0		$ 0

LOANS HELD FOR INVESTMENT, Allo

LOANS HELD FOR INVESTMENT, Allowance for Credit Losses by Portfolio Type (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Summary of allowance for loan losses [Roll Forward]
Beginning balance	$ 10,866	$ 10,240	$ 10,404	$ 10,194
Charge-offs	(182)	0	(182)	0
Recoveries	131	36	625	296
Net (charge-offs) recoveries	(51)	36	443	296
Provision (credit) for loan losses	298	7	266	(207)
Ending balance	11,113	10,283	11,113	10,283
Reserve for credit losses on undisbursed loans	96		96		$ 94
Manufactured Housing [Member]
Summary of allowance for loan losses [Roll Forward]
Beginning balance	3,976	2,630	2,606	2,612
Charge-offs	0	0	0	0
Recoveries	88	4	123	155
Net (charge-offs) recoveries	88	4	123	155
Provision (credit) for loan losses	(77)	(25)	1,258	(158)
Ending balance	3,987	2,609	3,987	2,609
Commercial Real Estate [Member]
Summary of allowance for loan losses [Roll Forward]
Beginning balance	6,120	6,328	6,729	5,950
Charge-offs	0	0	0	0
Recoveries	20	20	60	60
Net (charge-offs) recoveries	20	20	60	60
Provision (credit) for loan losses	182	149	(467)	487
Ending balance	6,322	6,497	6,322	6,497
Commercial [Member]
Summary of allowance for loan losses [Roll Forward]
Beginning balance	594	1,020	923	1,379
Charge-offs	0	0	0	0
Recoveries	13	10	183	30
Net (charge-offs) recoveries	13	10	183	30
Provision (credit) for loan losses	24	(15)	(475)	(394)
Ending balance	631	1,015	631	1,015
SBA [Member]
Summary of allowance for loan losses [Roll Forward]
Beginning balance	23	114	22	118
Charge-offs	(182)	0	(182)	0
Recoveries	4	1	246	46
Net (charge-offs) recoveries	(178)	1	64	46
Provision (credit) for loan losses	174	(87)	(67)	(136)
Ending balance	19	28	19	28
HELOC [Member]
Summary of allowance for loan losses [Roll Forward]
Beginning balance	37	25	18	25
Charge-offs	0	0	0	0
Recoveries	6	1	12	4
Net (charge-offs) recoveries	6	1	12	4
Provision (credit) for loan losses	(6)	(2)	7	(5)
Ending balance	37	24	37	24
Single Family Real Estate [Member]
Summary of allowance for loan losses [Roll Forward]
Beginning balance	115	122	105	108
Charge-offs	0	0	0	0
Recoveries	0	0	0	1
Net (charge-offs) recoveries	0	0	0	1
Provision (credit) for loan losses	0	(13)	10	0
Ending balance	115	109	115	109
Consumer [Member]
Summary of allowance for loan losses [Roll Forward]
Beginning balance	1	1	1	2
Charge-offs	0	0	0	0
Recoveries	0	0	1	0
Net (charge-offs) recoveries	0	0	1	0
Provision (credit) for loan losses	1	0	0	(1)
Ending balance	$ 2	$ 1	$ 2	$ 1

LOANS HELD FOR INVESTMENT, Impa

LOANS HELD FOR INVESTMENT, Impaired Financing Receivables (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2020
Recorded Investment [Abstract]
Impaired loans with an allowance recorded	$ 3,598		$ 4,487
Impaired loans with no allowance recorded	2,622		4,749
Total loans individually evaluated for impairment	6,220		9,236
Loans collectively evaluated for impairment	918,329		860,311
Total loans held for investment	924,549		869,547
Unpaid Principal Balance [Abstract]
Impaired loans with an allowance recorded	3,598		4,745
Impaired loans with no allowance recorded	2,622		4,491
Total loans individually evaluated for impairment	6,220		9,236
Loans collectively evaluated for impairment	918,329		860,311
Total loans held for investment	924,549		869,547
Related Allowance for Loan Losses [Abstract]
Loans individually evaluated for impairment	194		240
Loans collectively evaluated for impairment	10,919		10,164
Total allowance for loan losses	11,113	$ 10,866	10,404	$ 10,283	$ 10,240	$ 10,194
Loans Guaranteed by Government Agencies [Member]
Related Allowance for Loan Losses [Abstract]
Impaired loans	0		300
Manufactured Housing [Member]
Recorded Investment [Abstract]
Impaired loans with an allowance recorded	3,058		3,563
Impaired loans with no allowance recorded	1,120		1,358
Total loans individually evaluated for impairment	4,178		4,921
Loans collectively evaluated for impairment	305,811		292,442
Total loans held for investment	309,989		297,363
Unpaid Principal Balance [Abstract]
Impaired loans with an allowance recorded	3,058		3,563
Impaired loans with no allowance recorded	1,120		1,358
Total loans individually evaluated for impairment	4,178		4,921
Loans collectively evaluated for impairment	305,811		292,442
Total loans held for investment	309,989		297,363
Related Allowance for Loan Losses [Abstract]
Loans individually evaluated for impairment	166		210
Loans collectively evaluated for impairment	3,821		2,396
Total allowance for loan losses	3,987	3,976	2,606	2,609	2,630	2,612
Commercial Real Estate [Member]
Recorded Investment [Abstract]
Impaired loans with an allowance recorded	212		220
Impaired loans with no allowance recorded	0		1,402
Total loans individually evaluated for impairment	212		1,622
Loans collectively evaluated for impairment	544,161		479,179
Total loans held for investment	544,373		480,801
Unpaid Principal Balance [Abstract]
Impaired loans with an allowance recorded	212		220
Impaired loans with no allowance recorded	0		1,402
Total loans individually evaluated for impairment	212		1,622
Loans collectively evaluated for impairment	544,161		479,179
Total loans held for investment	544,373		480,801
Related Allowance for Loan Losses [Abstract]
Loans individually evaluated for impairment	17		17
Loans collectively evaluated for impairment	6,305		6,712
Total allowance for loan losses	6,322	6,120	6,729	6,497	6,328	5,950
Commercial [Member]
Recorded Investment [Abstract]
Impaired loans with an allowance recorded	72		85
Impaired loans with no allowance recorded	1,331		1,505
Total loans individually evaluated for impairment	1,403		1,590
Loans collectively evaluated for impairment	52,639		53,697
Total loans held for investment	54,042		55,287
Unpaid Principal Balance [Abstract]
Impaired loans with an allowance recorded	72		85
Impaired loans with no allowance recorded	1,331		1,505
Total loans individually evaluated for impairment	1,403		1,590
Loans collectively evaluated for impairment	52,639		53,697
Total loans held for investment	54,042		55,287
Related Allowance for Loan Losses [Abstract]
Loans individually evaluated for impairment	1		0
Loans collectively evaluated for impairment	630		923
Total allowance for loan losses	631	594	923	1,015	1,020	1,379
SBA [Member]
Recorded Investment [Abstract]
Impaired loans with an allowance recorded	43		194
Impaired loans with no allowance recorded	18		226
Total loans individually evaluated for impairment	61		420
Loans collectively evaluated for impairment	3,407		23,239
Total loans held for investment	3,468		23,659
Unpaid Principal Balance [Abstract]
Impaired loans with an allowance recorded	43		194
Impaired loans with no allowance recorded	18		226
Total loans individually evaluated for impairment	61		420
Loans collectively evaluated for impairment	3,407		23,239
Total loans held for investment	3,468		23,659
Related Allowance for Loan Losses [Abstract]
Loans individually evaluated for impairment	1		1
Loans collectively evaluated for impairment	18		21
Total allowance for loan losses	19	23	22	28	114	118
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	3,373		3,579
Total loans held for investment	3,373		3,579
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	3,373		3,579
Total loans held for investment	3,373		3,579
Related Allowance for Loan Losses [Abstract]
Loans individually evaluated for impairment	0		0
Loans collectively evaluated for impairment	37		18
Total allowance for loan losses	37	37	18	24	25	25
Single Family Real Estate [Member]
Recorded Investment [Abstract]
Impaired loans with an allowance recorded	213		425
Impaired loans with no allowance recorded	153		258
Total loans individually evaluated for impairment	366		683
Loans collectively evaluated for impairment	8,615		8,066
Total loans held for investment	8,981		8,749
Unpaid Principal Balance [Abstract]
Impaired loans with an allowance recorded	213		683
Impaired loans with no allowance recorded	153		0
Total loans individually evaluated for impairment	366		683
Loans collectively evaluated for impairment	8,615		8,066
Total loans held for investment	8,981		8,749
Related Allowance for Loan Losses [Abstract]
Loans individually evaluated for impairment	9		12
Loans collectively evaluated for impairment	106		93
Total allowance for loan losses	115	115	105	109	122	108
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	323		109
Total loans held for investment	323		109
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	323		109
Total loans held for investment	323		109
Related Allowance for Loan Losses [Abstract]
Loans individually evaluated for impairment	0		0
Loans collectively evaluated for impairment	2		1
Total allowance for loan losses	$ 2	$ 1	$ 1	$ 1	$ 1	$ 2

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, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Average recorded investment and interest income recognized [Abstract]
Average investment in impaired loans	$ 6,407	$ 10,221	$ 7,258	$ 11,336
Interest income	129	137	378	505
Manufactured Housing [Member]
Average recorded investment and interest income recognized [Abstract]
Average investment in impaired loans	4,198	4,961	4,503	5,683
Interest income	88	95	261	277
Commercial Real Estate [Member] | SBA 504 1st Trust Deed [Member]
Average recorded investment and interest income recognized [Abstract]
Average investment in impaired loans	213	1,533	525	1,615
Interest income	4	4	12	48
Commercial [Member]
Average recorded investment and interest income recognized [Abstract]
Average investment in impaired loans	1,423	1,622	1,489	1,645
Interest income	24	24	67	78
SBA [Member]
Average recorded investment and interest income recognized [Abstract]
Average investment in impaired loans	85	593	164	480
Interest income	7	4	19	11
Single Family Real Estate [Member]
Average recorded investment and interest income recognized [Abstract]
Average investment in impaired loans	488	1,512	577	1,913
Interest income	$ 6	$ 10	$ 19	$ 91

LOANS HELD FOR INVESTMENT, Gros

LOANS HELD FOR INVESTMENT, Gross Loans by Risk Rating (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Gross loans by risk rating [Abstract]
Total loans held for investment, net	$ 919,505	$ 843,976
Total loans held for investment	924,549	869,547
Pass [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	904,014	823,143
Total loans held for investment	908,398	846,753
Special Mention [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	3,012	3,069
Total loans held for investment	3,012	3,069
Substandard [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	12,479	17,764
Total loans held for investment	13,139	19,725
Doubtful [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment, net	0	0
Total loans held for investment	0	0
Loss [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	0	0
Government Guaranteed Loans [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	5,044	25,571
Government Guaranteed Loans [Member] | Pass [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	4,384	23,610
Government Guaranteed Loans [Member] | Special Mention [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	0	0
Government Guaranteed Loans [Member] | Substandard [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	660	1,961
Government Guaranteed Loans [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	309,989	297,363
Manufactured Housing [Member] | Pass [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	308,897	295,810
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	1,092	1,553
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	544,373	480,801
Commercial Real Estate [Member] | Commercial Real Estate [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	486,706	429,769
Commercial Real Estate [Member] | Commercial Real Estate [Member] | Pass [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	478,397	415,471
Commercial Real Estate [Member] | Commercial Real Estate [Member] | Special Mention [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	225	3,043
Commercial Real Estate [Member] | Commercial Real Estate [Member] | Substandard [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	8,084	11,255
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	13,107	16,961
Commercial Real Estate [Member] | SBA 504 1st Trust Deed [Member] | Pass [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	12,632	14,646
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	475	2,315
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	12,433	7,185
Commercial Real Estate [Member] | Land [Member] | Pass [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	12,433	7,185
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	30,858	25,593
Commercial Real Estate [Member] | Construction [Member] | Pass [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	30,858	25,593
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	0
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	52,896	52,663
Commercial [Member] | Pass [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	47,439	50,372
Commercial [Member] | Special Mention [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	2,787	26
Commercial [Member] | Substandard [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	2,670	2,265
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	839	2,005
SBA [Member] | Pass [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	839	1,891
SBA [Member] | Special Mention [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	0	0
SBA [Member] | Substandard [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	0	114
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	3,373	3,579
HELOC [Member] | Pass [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	3,373	3,579
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	8,981	8,749
Single Family Real Estate [Member] | Pass [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	8,823	8,487
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	158	262
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	323	109
Consumer [Member] | Pass [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	323	109
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, 2022 USD ($) Loan	Sep. 30, 2021 Loan	Sep. 30, 2022 USD ($) Loan	Sep. 30, 2021 Loan	Dec. 31, 2021 USD ($)
Troubled Debt Restructured Loans [Abstract]
Loans classified as TDRs	$ 6,300		$ 6,300		$ 8,600
Number of new TDRs | Loan	1	0	1	0
Troubled debt restructured loan amount	$ 122		$ 122
Performing Financial Instruments [Member]
Troubled Debt Restructured Loans [Abstract]
Loans classified as TDRs	$ 6,200		$ 6,200		$ 8,400

LOANS HELD FOR INVESTMENT, Tr_2

LOANS HELD FOR INVESTMENT, Trouble Debt Restructured Loans With Payment Defaults (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($) Nonpayment	Sep. 30, 2021 USD ($)
LOANS HELD FOR INVESTMENT [Abstract]
Number of consecutive non-payments for a TDR loan to be deemed default | Nonpayment			2
Trouble debt restructurings with payment defaults | $	$ 0	$ 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, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
OTHER ASSETS ACQUIRED THROUGH FORECLOSURE [Abstract]
Balance, beginning of period	$ 2,250	$ 2,572	$ 2,518	$ 2,614
Additions	0	0	0	136
Proceeds from dispositions	0	0	(372)	0
Gain (loss) on sales, net	0	0	104	(178)
Balance, end of period	$ 2,250	$ 2,572	$ 2,250	$ 2,572

FAIR VALUE MEASUREMENT, Fair Va

FAIR VALUE MEASUREMENT, Fair Value of Assets Measured on Recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Assets [Abstract]
Investment securities measured at fair value	$ 198	$ 248
Investment securities available-for-sale	57,115	19,711
U.S. Government Agency Notes [Member]
Assets [Abstract]
Investment securities available-for-sale	4,480	5,508
U.S. Government Agency Collateralized Mortgage Obligations [Member]
Assets [Abstract]
Investment securities available-for-sale	4,470	4,883
U.S. Treasury Securities [Member]
Assets [Abstract]
Investment securities available-for-sale	39,795
Corporate Debt Securities [Member]
Assets [Abstract]
Investment securities available-for-sale	8,370	9,320
Recurring [Member]
Assets [Abstract]
Investment securities measured at fair value	198	248
Interest only strips	9	15
Servicing assets	34	1,600
Total	57,356	21,574
Recurring [Member] | U.S. Government Agency Notes [Member]
Assets [Abstract]
Investment securities available-for-sale	4,480	5,508
Recurring [Member] | U.S. Government Agency Collateralized Mortgage Obligations [Member]
Assets [Abstract]
Investment securities available-for-sale	4,470	4,883
Recurring [Member] | U.S. Treasury Securities [Member]
Assets [Abstract]
Investment securities available-for-sale	39,795
Recurring [Member] | Corporate Debt Securities [Member]
Assets [Abstract]
Investment securities available-for-sale	8,370	9,320
Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Assets [Abstract]
Investment securities measured at fair value	198	248
Interest only strips	0	0
Servicing assets	0	0
Total	198	248
Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | U.S. Government Agency Notes [Member]
Assets [Abstract]
Investment securities available-for-sale	0	0
Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | U.S. Government Agency Collateralized Mortgage Obligations [Member]
Assets [Abstract]
Investment securities available-for-sale	0	0
Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | U.S. Treasury Securities [Member]
Assets [Abstract]
Investment securities available-for-sale	0
Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Corporate Debt Securities [Member]
Assets [Abstract]
Investment securities available-for-sale	0	0
Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member]
Assets [Abstract]
Investment securities measured at fair value	0	0
Interest only strips	0	0
Servicing assets	0	0
Total	57,115	19,711
Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | U.S. Government Agency Notes [Member]
Assets [Abstract]
Investment securities available-for-sale	4,480	5,508
Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | U.S. Government Agency Collateralized Mortgage Obligations [Member]
Assets [Abstract]
Investment securities available-for-sale	4,470	4,883
Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | U.S. Treasury Securities [Member]
Assets [Abstract]
Investment securities available-for-sale	39,795
Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | Corporate Debt Securities [Member]
Assets [Abstract]
Investment securities available-for-sale	8,370	9,320
Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member]
Assets [Abstract]
Investment securities measured at fair value	0	0
Interest only strips	9	15
Servicing assets	34	1,600
Total	43	1,615
Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | U.S. Government Agency Notes [Member]
Assets [Abstract]
Investment securities available-for-sale	0	0
Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | U.S. Government Agency Collateralized Mortgage Obligations [Member]
Assets [Abstract]
Investment securities available-for-sale	0	0
Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | U.S. Treasury Securities [Member]
Assets [Abstract]
Investment securities available-for-sale	0
Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | Corporate Debt Securities [Member]
Assets [Abstract]
Investment securities available-for-sale	$ 0	$ 0

FAIR VALUE MEASUREMENT, Change

FAIR VALUE MEASUREMENT, Change in Level 3 Assets Measured at Fair Value on a Recurring Basis (Details) - Servicing Assets [Member] - Recurring [Member] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Servicing Assets [Abstract]
Balance, beginning of period	$ 36	$ 35	$ 44	$ 43
Additions	0	0	0	0
Amortization	0	0	0	0
Valuation adjustments	(2)	9	(10)	1
Balance, end of period	$ 34	$ 44	$ 34	$ 44

FAIR VALUE MEASUREMENT, Assets

FAIR VALUE MEASUREMENT, Assets Measured on Non-recurring Basis (Details) - Non-recurring [Member] - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Summary of fair value measurements of assets measured on a non-recurring basis [Abstract]
Impaired loans	$ 3,404	$ 3,785
Other assets acquired through foreclosure	2,250	2,518
Total	5,654	6,303
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
Other assets acquired through foreclosure	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	3,404	3,785
Other assets acquired through foreclosure	2,250	2,518
Total	5,654	6,303
Unobservable Inputs (Level 3) [Member]
Summary of fair value measurements of assets measured on a non-recurring basis [Abstract]
Impaired loans	0	0
Other assets acquired through foreclosure	0	0
Total	$ 0	$ 0

FAIR VALUE MEASUREMENT, Fair _2

FAIR VALUE MEASUREMENT, Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Financial assets [Abstract]
Investment securities available-for-sale	$ 57,115	$ 19,711
Investment securities - held-to-maturity	2,596	2,815
Investment securities measured at fair value	198	248
Carrying Amount [Member]
Financial assets [Abstract]
Cash and cash equivalents	51,295	208,375
FHLB and FRB stock	4,533	4,441
Investment securities available-for-sale	57,115	19,711
Investment securities - held-to-maturity	2,596	2,815
Investment securities measured at fair value	198	248
Loans, net and loans held for sale	934,581	881,679
Accrued interest receivable	5,328	5,841
Servicing assets	1,555	1,600
Interest only strips	9	15
Financial liabilities [Abstract]
Deposits	852,189	950,131
FHLB advances	110,000	90,000
Accrued interest payable	45	58
Fair Value [Member]
Financial assets [Abstract]
Cash and cash equivalents	51,295	208,375
FHLB and FRB stock	4,533	4,441
Investment securities available-for-sale	57,115	19,711
Investment securities - held-to-maturity	2,452	2,974
Investment securities measured at fair value	198	248
Loans, net and loans held for sale	897,986	876,320
Accrued interest receivable	5,328	5,841
Servicing assets	2,635	2,254
Interest only strips	9	15
Financial liabilities [Abstract]
Deposits	847,583	948,648
FHLB advances	102,609	88,409
Accrued interest payable	45	58
Fair Value [Member] | Level 1 [Member]
Financial assets [Abstract]
Cash and cash equivalents	51,295	208,375
FHLB and FRB stock	0	0
Investment securities available-for-sale	0	0
Investment securities - held-to-maturity	0	0
Investment securities measured at fair value	198	248
Loans, net and loans held for sale	0	0
Accrued interest receivable	0	0
Servicing assets	0	0
Interest only strips	0	0
Financial liabilities [Abstract]
Deposits	0	0
FHLB advances	0	0
Accrued interest payable	0	0
Fair Value [Member] | Level 2 [Member]
Financial assets [Abstract]
Cash and cash equivalents	0	0
FHLB and FRB stock	4,533	4,441
Investment securities available-for-sale	57,115	19,711
Investment securities - held-to-maturity	2,452	2,974
Investment securities measured at fair value	0	0
Loans, net and loans held for sale	894,582	870,868
Accrued interest receivable	5,328	5,841
Servicing assets	0	0
Interest only strips	0	0
Financial liabilities [Abstract]
Deposits	847,583	948,648
FHLB advances	102,609	88,409
Accrued interest payable	45	58
Fair Value [Member] | Level 3 [Member]
Financial assets [Abstract]
Cash and cash equivalents	0	0
FHLB and FRB stock	0	0
Investment securities available-for-sale	0	0
Investment securities - held-to-maturity	0	0
Investment securities measured at fair value	0	0
Loans, net and loans held for sale	3,404	5,452
Accrued interest receivable	0	0
Servicing assets	2,635	2,254
Interest only strips	9	15
Financial liabilities [Abstract]
Deposits	0	0
FHLB advances	0	0
Accrued interest payable	$ 0	$ 0

BORROWINGS (Details)

BORROWINGS (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Borrowings [Abstract]
Securities pledged to FHLB	$ 51,200		$ 51,200		$ 13,200
Loans	924,549		924,549		869,547
Total FHLB interest expense	203	$ 198	593	$ 663
Federal funds borrowing lines at correspondent banks	20,000		20,000
Federal funds amount outstanding	$ 0		$ 0		$ 0
Minimum [Member]
Borrowings [Abstract]
Federal home loan bank interest rate	3.18%		3.18%		0.95%
Maximum [Member]
Borrowings [Abstract]
Federal home loan bank interest rate	0.76%		0.76%		0.76%
Federal Home Loan Bank Advances [Member]
Borrowings [Abstract]
Letter of credit with FHLB	$ 29,000		$ 29,000
Available for additional borrowing	36,400		36,400
Total FHLB interest expense	203	198	593	663
Contractual Maturities of FHLB advances [Abstract]
Within one year	20,000		20,000
After one through two years	0		0
After two through three years	90,000		90,000
FHLB advances	110,000		110,000		$ 90,000
Federal Home Loan Bank Advances [Member] | Asset Pledged as Collateral [Member]
Borrowings [Abstract]
Securities pledged to FHLB	51,200		51,200		13,200
Loans	237,200		$ 237,200		286,600
Federal Reserve Bank Advances [Member]
Borrowings [Abstract]
Period for advances to be collateralized			28 days
Available borrowing capacity	88,900		$ 88,900		119,000
Outstanding balance	0		0		0
Federal Reserve Bank Advances [Member] | Asset Pledged as Collateral [Member]
Borrowings [Abstract]
Loans	260,200		260,200		259,500
Line of Credit [Member]
Borrowings [Abstract]
Maximum borrowing capacity	10,000	$ 5,000	10,000	$ 5,000
Required compensating deposit	$ 1,000		$ 1,000
Minimum debt service coverage ratio	1.65		1.65
Minimum Tier 1 leverage ratio	7%		7%
Minimum total risk-based capital ratio	10%		10%
Maximum net non-accrual ratio	3%		3%
Renewal term			1 year
Outstanding balance	$ 0		$ 0		$ 0
Line of Credit [Member] | Prime Rate [Member]
Borrowings [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, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Changes in other comprehensive income (loss) by component, net of tax [Roll Forward]
Balance	$ 107,142	$ 95,457	$ 101,375	$ 89,007
Net other comprehensive (loss) income	(307)	(12)	(846)	103
Balance	109,821	98,767	109,821	98,767
Unrealized Holding Gains (Losses) on AFS [Member]
Changes in other comprehensive income (loss) by component, net of tax [Roll Forward]
Balance	(447)	150	92	35
Other comprehensive (loss) income before reclassifications	(307)	(12)	(846)	103
Amounts reclassified from accumulated other comprehensive income	0	0	0	0
Net other comprehensive (loss) income	(307)	(12)	(846)	103
Balance	$ (754)	$ 138	$ (754)	$ 138

STOCKHOLDERS' EQUITY, Common St

STOCKHOLDERS' EQUITY, Common Stock (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		9 Months Ended
	Oct. 28, 2022	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Feb. 28, 2019
Common Stock [Abstract]
Common stock dividend declared		$ 700	$ 600	$ 1,900	$ 1,700
Common stock dividend paid		$ 700	$ 600	$ 1,916	$ 1,709
Dividends declared per common share (in dollars per share)		$ 0.075	$ 0.07	$ 0.22	$ 0.2
Subsequent Event [Member]
Common Stock [Abstract]
Dividend payable, date declared	Oct. 28, 2022
Dividends declared per common share (in dollars per share)	$ 0.075
Dividend payable, date to be paid	Nov. 30, 2022
Dividend payable, date of record	Nov. 14, 2022
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		0

CAPITAL REQUIREMENT (Details)

CAPITAL REQUIREMENT (Details)	Sep. 30, 2022	Dec. 31, 2021
Regulatory Ratios [Abstract]
Total capital ratio, minimum capital ratios	0.08	0.08
Total capital ratio, well-capitalized ratios	0.10	0.10
Tier 1 risk-based capital ratio, minimum capital ratios	0.06	0.06
Tier 1 risk-based capital ratio, well-capitalized ratios	0.08	0.08
Common Equity Tier 1 ratio, minimum capital ratios	0.045	0.045
Common Equity Tier 1 ratio, well-capitalized ratios	0.065	0.065
Tier 1 leverage ratio, minimum capital ratios	0.04	0.04
CWB [Member]
Regulatory Ratios [Abstract]
Total capital ratio	0.1246	0.1219
Tier 1 risk-based capital ratio	0.113	0.1102
Common Equity Tier 1 ratio	0.113	0.1102
Tier 1 leverage ratio	0.0983	0.0856

REVENUE RECOGNITION (Details)

REVENUE RECOGNITION (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Noninterest Income [Abstract]
Non-interest income (in-scope of ASC 606)	$ 216	$ 184	$ 604	$ 516
Non-interest income (out-of-scope of ASC 606)	656	856	2,610	2,293
Total non-interest income	872	1,040	3,214	2,809
Service Charges on Deposit Accounts [Member]
Noninterest Income [Abstract]
Non-interest income (in-scope of ASC 606)	87	59	225	171
Exchange Fees and Other Service Charges [Member]
Noninterest Income [Abstract]
Non-interest income (in-scope of ASC 606)	$ 129	$ 125	$ 379	$ 345

LEASES (Details)

LEASES (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Operating leases [Abstract]
Operating lease, right-of-use assets	$ 5,400		$ 5,100
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other Assets		Other Assets
Lease cost [Abstract]
Operating lease cost	$ 1,008	$ 1,000
Sublease income	0	0
Total lease cost	1,008	1,000
Other information [Abstract]
Operating cash flows from operating leases	$ 999	$ 1,068
Weighted average remaining lease term - operating leases	7 years 2 months 15 days	8 years 11 months 4 days
Weighted average discount rate - operating leases	3.25%	3.22%
Future minimum operating lease payments [Abstract]
2022	$ 252
2023	1,014
2024	1,026
2025	976
2026	876
Thereafter	2,011
Total future minimum lease payments	6,155
Less remaining imputed interest	685
Total lease liabilities	$ 5,470		$ 5,100
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