Community West Bancshares (CWBC) 10-Q 15 May 23 2023 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2023	May 01, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2023
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
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		8,835,143

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Mar. 31, 2023	Dec. 31, 2022
Assets:
Cash and due from banks		$ 1,533	$ 1,379
Interest-earning demand deposits in other financial institutions		166,342	63,311
Cash and cash equivalents		167,875	64,690
Investment securities - available-for-sale, at fair value; amortized cost of $17,319 at March 31, 2023 and $27,790 at December 31, 2022		15,533	26,688
Investment securities - held-to-maturity, at amortized cost; fair value of $2,335 at March 31, 2023 and $2,423 at December 31, 2022		2,425	2,557
Investment securities - measured at fair value; amortized cost of $66 at March 31, 2023 and December 31, 2022		266	225
Federal Home Loan Bank and Federal Reserve Bank stock, at cost		4,533	4,533
Loans held for sale, at lower of cost or fair value		21,045	21,033
Loans held for investment		930,448	934,309
Allowance for credit losses	[1]	(12,065)	(10,765)
Total loans held for investment, net		918,383	923,544
Other assets acquired through foreclosure, net		2,250	2,250
Premises and equipment, net		6,077	6,104
Other assets		29,196	39,878
Total assets		1,167,583	1,091,502
Deposits:
Noninterest-bearing demand		205,324	216,494
Interest-bearing demand		437,770	428,173
Savings		20,929	23,490
Certificates of deposit ($250,000 or more)		6,268	6,693
Other certificates of deposit		250,513	200,234
Total deposits		920,804	875,084
Federal Home Loan Bank advances and other borrowings		115,000	90,000
Other liabilities		18,990	13,768
Total liabilities		1,054,794	978,852
Stockholders' equity:
Common stock - no par value, 60,000,000 shares authorized; 8,835,309 shares issued and outstanding at March 31, 2023 and 8,798,412 at December 31, 2022		46,128	45,694
Retained earnings		67,914	67,727
Accumulated other comprehensive loss, net		(1,253)	(771)
Total stockholders' equity		112,789	112,650
Total liabilities and stockholders' equity		$ 1,167,583	$ 1,091,502
[1]On January 1, 2023, the Company adopted the provisions of Accounting Standards Codification Topic 326. The allowance in 2023 is reported using the current expected credit loss (“CECL”) method. Periods prior to adoption are reported in accordance with previous GAAP using the incurred loss method.

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Assets:
Investment securities available-for-sale, amortized cost	$ 17,319	$ 27,790
Investment securities held-to-maturity, fair value	2,335	2,423
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)	8,835,309	8,798,412
Common stock, shares outstanding (in shares)	8,835,309	8,798,412

CONSOLIDATED INCOME STATEMENTS

CONSOLIDATED INCOME STATEMENTS (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Interest income:
Loans, including fees	$ 12,489	$ 11,194
Investment securities and other	1,096	306
Total interest income	13,585	11,500
Interest expense:
Deposits	2,277	570
Other borrowings	278	194
Total interest expense	2,555	764
Net interest income	11,030	10,736
Provision (credit) for credit losses	(722)	(284)
Net interest income after provision for credit losses	11,752	11,020
Non-interest income:
Other loan fees	169	246
Gains from loan sales, net	30	60
Document processing fees	78	101
Service charges	154	88
Other	331	796
Total non-interest income	762	1,291
Non-interest expenses:
Salaries and employee benefits	5,448	4,957
Occupancy, net	1,098	997
Professional services	919	399
Data processing	349	310
Depreciation	180	183
FDIC assessment	182	171
Advertising and marketing	210	258
Other	448	(304)
Total non-interest expenses	8,834	6,971
Income before provision for income taxes	3,680	5,340
Provision for income taxes	1,216	1,380
Net income	$ 2,464	$ 3,960
Earnings per share:
Basic (in dollars per share)	$ 0.28	$ 0.46
Diluted (in dollars per share)	$ 0.27	$ 0.45
Weighted average number of common shares outstanding:
Basic (in shares)	8,813,554	8,661,795
Diluted (in shares)	8,985,063	8,849,208
Dividends declared per common share (in dollars per share)	$ 0.08	$ 0.07

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited) [Abstract]
Net income	$ 2,464	$ 3,960
Other comprehensive loss, net:
Unrealized loss on securities available-for-sale ("AFS"), net (tax effect of $202 and $104 for each respective period presented)	(482)	(250)
Net other comprehensive loss	(482)	(250)
Comprehensive income	$ 1,982	$ 3,710

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Other comprehensive loss, net:
Unrealized loss on securities available-for-sale ("AFS"), tax effect	$ 202	$ 104

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	Cumulative Effect, Period of Adoption, Adjustment [Member] Common Stock [Member]		Cumulative Effect, Period of Adoption, Adjustment [Member] Accumulated Other Comprehensive Income (Loss) [Member]	[1]	Cumulative Effect, Period of Adoption, Adjustment [Member] Retained Earnings [Member]	[1]	Cumulative Effect, Period of Adoption, Adjustment [Member]	[1]
Balance at Dec. 31, 2021		$ 44,431	$ 92	$ 56,852	$ 101,375
Balance (in shares) at Dec. 31, 2021		8,650,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income		$ 0	0	3,960	3,960
Exercise of stock options		$ 276	0	0	276
Exercise of stock options (in shares)		32,000
Stock based compensation		$ 73	0	0	73
Stock based compensation (in shares)		0
Dividends on common stock		$ 0	0	(606)	(606)
Dividends on common stock (in shares)		0
Other comprehensive loss, net		$ 0	(250)	0	(250)
Balance at Mar. 31, 2022		$ 44,780	(158)	60,206	104,828
Balance (in shares) at Mar. 31, 2022		8,682,000
Balance at Dec. 31, 2022		$ 45,694	(771)	67,727	$ 112,650
Balance (ASU 2016-13 [Member]) at Dec. 31, 2022				(1,600)		$ 0	[1]	$ 0		$ (1,573)		$ (1,573)
Balance (in shares) at Dec. 31, 2022		8,798,000			8,798,412
Balance (in shares) (ASU 2016-13 [Member]) at Dec. 31, 2022	[1]					0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income		$ 0	0	2,464	$ 2,464
Exercise of stock options		$ 188	0	0	188
Exercise of stock options (in shares)		37,000
Stock based compensation		$ 246	0	0	246
Stock based compensation (in shares)		0
Dividends on common stock		$ 0	0	(704)	(704)
Dividends on common stock (in shares)		0
Other comprehensive loss, net		$ 0	(482)	0	(482)
Balance at Mar. 31, 2023		$ 46,128	$ (1,253)	$ 67,914	$ 112,789
Balance (in shares) at Mar. 31, 2023		8,835,000			8,835,309
[1]On January 1, 2023, the Company adopted the provisions of Accounting Standards Codification Topic 326. The allowance in 2023 is reported using the current expected credit loss (“CECL”) method. Periods prior to adoption are reported in accordance with previous GAAP using the incurred loss method.

CONSOLIDATED STATEMENTS OF ST_2

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (unaudited) (Parenthetical) $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($)
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (unaudited) [Abstract]
Cumulative effect of change in accounting principle, taxes	$ 659

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Cash flows from operating activities:
Net income	$ 2,464	$ 3,960
Adjustments to reconcile net income to cash provided by operating activities:
Provision (credit) for credit losses	(722)	(284)
Depreciation	180	183
Stock based compensation	246	92
Deferred taxes	(245)	153
Net (amortization) accretion of discounts and premiums for investment securities	(5)	6
Gains on:
Sale of other assets acquired through foreclosure, net	0	(11)
Sale of loans, net	(30)	(60)
Loans originated for sale	(1,791)	(5,492)
Proceeds from sales of loans held for sale	1,821	4,286
Proceeds from principal paydowns on loans held for sale	723	421
Changes in:
Investment securities measured at fair value	(41)	29
Servicing assets, net	45	35
Other assets	11,744	1,740
Other liabilities	4,916	783
Net cash provided by operating activities	19,305	5,841
Cash flows from investing activities:
Principal pay downs and maturities of available-for-sale securities	10,478	536
Principal pay downs and maturities of held-to-maturity securities	129	43
Loan originations and principal collections, net	3,222	3,047
Purchase of premises and equipment, net	(153)	(73)
Proceeds from sale of other assets acquired through foreclosure, net	0	140
Net cash provided by investing activities	13,676	3,693
Cash flows from financing activities:
Net increase (decrease) in deposits	45,720	(24,391)
Proceeds from FHLB advances	15,000	0
Proceeds from advances on line of credit	10,000	0
Proceeds from exercise of stock options	188	276
Cash dividends paid on common stock	(704)	(606)
Net cash provided by (used in) financing activities	70,204	(24,721)
Net increase (decrease) in cash and cash equivalents	103,185	(15,187)
Cash and cash equivalents at beginning of period	64,690	208,375
Cash and cash equivalents at end of period	167,875	193,188
Cash paid during the period for:
Interest	2,257	786
Income taxes	0	0
Noncash items:
Transfers from loans to loans held for sale	$ 735	$ 0

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2023
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 banking 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 March 31, 2023 and for the three months ended March 31, 2023 and 2022 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, 2022. 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 credit 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, 2022 and for the three months ended March 31, 2022 Allowance for Credit Losses - Available-For-Sale (“AFS”) and Held-To-Maturity (“HTM”) Debt Securities Effective January 1, 2023, the allowance for credit losses on investment securities is determined for both HTM and AFS investments in accordance with Accounting Standards Codification (“ASC”) Topic 326 (“ASC 326”) - “Financial Instruments-Credit Losses.” The allowance for credit losses for HTM investment securities is determined on a collective basis, based on shared risk characteristics, and is determined at the individual security level when the Company deems a security to no longer possess shared risk characteristics. For investment securities where the Company has reason to believe the credit loss exposure is remote, a zero-credit loss assumption is applied. Such investment securities typically consist of those guaranteed by the U.S. government or government agencies, where there is an explicit or implicit guarantee by the U.S. government, that are highly rated by rating agencies, and historically have had no credit loss experience. For AFS securities, the Company performs a quarterly qualitative evaluation for securities in an unrealized loss position to determine if the decline in fair value below the security’s amortized cost is credit related or non-credit related. In determining whether a security’s decline in fair value is credit related, the Company considers a number of factors including, but not limited to: (i) the extent to which the fair value of the investment is less than its amortized cost; (ii) the financial condition and near-term prospects of the issuer; (iii) downgrades in credit ratings; (iv) payment structure of the security, (v) the ability of the issuer of the security to make scheduled principal and interest payments, and (vi) general market conditions which reflect prospects for the economy as a whole, including interest rates and sector credit spreads. If it is determined that the unrealized loss, or a portion thereof, is credit related, the Company records the amount of credit loss through a charge to provision for credit losses in current period earnings. However, the amount of credit loss recorded in current period earnings is limited to the amount of the total unrealized loss on the security, which is measured as the amount by which the security’s fair value is below its amortized cost. If the Company intends to sell, or if it is more likely than not that the Company will be required to sell the security in an unrealized loss position before the recovery of its amortized cost basis, the total amount of the loss is recognized in current period earnings. Unrealized losses deemed non-credit related are recorded, net of tax, through accumulated other comprehensive income. As of January 1, 2023 and March 31, 2023, the Company determined that the unrealized loss positions in AFS and HTM securities were not the result of credit losses. Management’s analysis of the securities that are in an unrealized loss position indicated that the declines in the fair value of the securities were related to interest rates or other market conditions. In addition, as of March 31, 2023, management does not intend to sell any securities in an unrealized loss position, and it is not more likely than not that the Company will be required to sell any securities that are in an unrealized loss position. Therefore an allowance for credit losses with respect to both AFS and HTM securities was not recorded. See Note 2 - Investment Securities for more information. A debt security is placed on nonaccrual status at the time any principal or interest payments become greater than 90 days delinquent. Interest accrued but not received when a security is placed on nonaccrual status is reversed against interest income. Accrued interest receivable on available-for-sale securities totaled $122 thousand at March 31, 2023 and is excluded from the estimate of the required allowance for credit losses. 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 months ended March Loans Held for Investment 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. 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. Allowance for Credit Losses - Loans (Subsequent to the Adoption of ASC 326 on January 1, 2023) Effective January 1, 2023, the Company accounts for credit losses on loans in accordance with ASC 326 – “Financial Instruments-Credit Losses”. The allowance for credit losses for loans (“ACL”) is a valuation account that is deducted from the amortized cost basis of loans to present the net amount expected to be collected on the loans. The Company has elected to exclude accrued interest receivable from the amortized cost basis in the estimate of the ACL. The provision for credit losses reflects the amount required to maintain the ACL at an appropriate level based upon management’s evaluation of the adequacy of collective and individual loss reserves. The Company’s methodologies for determining the adequacy of ACL are set forth in a formal policy and take into consideration the need for a valuation allowance for loans evaluated on a collective pool basis which have similar risk characteristics, as well as allowances that are tied to individual loans that do not share risk characteristics and are individually evaluated. The Company increases its ACL by charging the provision for credit losses on its consolidated income statements. Losses related to specific assets are applied as a reduction of the carrying value of the assets and charged against the ACL when management believes the non-collectability of a loan balance is confirmed. Recoveries on previously charged off loans are credited to the ACL. Management conducts an assessment of the ACL on a monthly basis and undertakes a more comprehensive evaluation quarterly. The ACL is estimated using relevant information, from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts and is maintained at a level sufficient to provide for expected credit losses over the life of the loan, including expected prepayments, based on evaluating historical credit loss experience and making adjustments to historical loss information for differences in the specific risk characteristics in the current loan portfolio and economic conditions. The ACL is measured on a collective pool basis when similar risk characteristics exist. In estimating the component of the ACL for loans that share common risk characteristics, loans are pooled based on the loan types and areas of risk concentration. For loans evaluated collectively as a pool, the ACL is calculated using the weighted average remaining maturity (“WARM”) method. The WARM method utilizes a historical average annual charge-off rate containing loan loss information over a historical lookback period that is used as a foundation for estimating the ACL for the remaining outstanding balances of loans in a segment at a particular consolidated balance sheet date. The WARM methodology was chosen because each of the loan segments have had loan loss histories dating back as far as 2006 and therefore capture the Company’s historical losses and recoveries and thus established reliable loan loss rates for each segment. In the events where there was insufficient historical loan data to establish a reliable loan loss rate, California peer bank data has been utilized to establish loan loss rates. The Company established a general forecast loan policy to calculate the loan loss rates for each loan segment. The general forecast policy projects that the next four quarters will be similar to the Company’s loan loss rates from 2009 to 2016, and then revert to the long-term average over one quarter. The calculation of the reserve is adjusted using qualitative factors for current conditions and for reasonable and supportable forecast periods. These qualitative factors serve to compensate for additional areas of uncertainty inherent in the portfolio that are not directly reflected in the Company’s historical loan losses, and may include adjustments for changes in environmental and economic conditions, such as changes in unemployment rates, changes in Gross Domestic Product, change in percentage of drought impact, and other relevant factors in near to medium term of time. Portfolio segmentation is defined as the level at which an entity develops and documents a systematic methodology to determine its ACL. The method for determining the ACL described above is used to determine the ACL in each portfolio segment in the Company’s loan portfolio. The Company has designated the following portfolio segments of loans: Manufactured Housing Commercial Real Estate (“CRE”) Commercial Small Business Administration (SBA) Single Family Real Estate and Home Equity Lines of Credit (“HELOC”) Consumer : Loans that do not share risk characteristics with other loans in the portfolio are individually evaluated for a required ACL and are not included in the collective evaluation. Factors involved in determining whether a loan should be individually evaluated include, but are not limited to, the financial condition of the borrower and the value of the underlying collateral. Expected credit losses for loans evaluated individually are measured based on the present value of expected future cash flows discounted at the loan’s effective interest rate or, when the Company determines that foreclosure is probable, the expected credit loss is measured based on the fair value of the collateral as of the reporting date, less estimated selling costs. Collateral may consist of various types of real estate including residential properties, commercial properties, agriculture land, vacant land, and manufactured housing. The Company assesses these loans on each reporting date to determine whether repayment is expected to be provided substantially through the operation or sale of the collateral when the borrower is experiencing financial difficulty. If the fair value of the collateral is less than the amortized cost basis of the loan, the Company will recognize an ACL or partial charge off as the difference between the fair value of the collateral, less costs to sell, and the amortized cost basis of the loan. If the fair value of the collateral exceeds the amortized cost basis of the loan, any expected recovery added to the amortized cost basis will be limited to the amount previously charged off. Subsequent changes in the expected credit losses for loans evaluated individually are included within the provision for credit losses in the same manner in which the expected credit loss initially was recognized or as a reduction in the provision that would otherwise be reported. The process of assessing the adequacy of the ACL is necessarily subjective. Further, and particularly in times of economic downturns, it is reasonably possible that future credit losses may exceed historical loss levels and may also exceed management’s current estimates of expected credit losses within the loan portfolio. As such, there can be no assurance that future charge offs will not exceed management’s current estimate of what constitutes a reasonable ACL. Allowance for Loan Losses (Prior to the Adoption of ASC 326 on January 1, 2023) Prior to the adoption of ASC 326 on January 1, 2023, the allowance for loan losses was intended to be appropriate to provide for probable losses that were considered inherent in the loan portfolio. This process involved deriving probable loss estimates that were based on migration analyses and historical loss rates, in addition to qualitative factors that were based on management’s judgment. The migration analysis and historical loss rate calculations were based on annualized loss rates. Migration analysis was utilized for the commercial real estate, commercial, commercial agriculture, SBA, HELOC, single family residential, and consumer portfolios. The historical loss rate method was utilized primarily for the manufactured housing portfolio. The migration analysis considered the risk rating of loans that were charged off in each loan category. The Company’s allowance for loan losses was maintained at a level believed appropriate by management to absorb known and inherent probable losses on existing loans. The allowance was charged for losses when management believed that full recovery on the loan was unlikely. The allowance for loan losses calculation for the different loan portfolios consisted of the following: • Commercial real estate, commercial, commercial agriculture, SBA, HELOC, single family residential, and consumer: Migration analysis combined with risk rating of the loans was used to determine the required allowance for loan losses for all non-impaired loans. In addition, the migration results were adjusted based upon qualitative factors that affect the specific portfolio category. Reserves on impaired loans were determined based upon the individual characteristics of the loan. • Manufactured housing: The allowance for loan losses was calculated on the basis of loss history and risk rating, which was primarily a function of delinquency. In addition, the loss results were adjusted based upon qualitative factors that affected this specific portfolio. A loan was considered impaired when, based on current information, it was probable that the Company would 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 included payment status, collateral value, and the probability of collecting scheduled principal and/or interest payments. Loans that experienced insignificant payment delays or payment shortfalls generally were not classified as impaired. Management determined the significance of payment delays or payment shortfalls on a case-by-case basis. When determining the possibility of impairment, management considered 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 used the fair value of collateral method to measure impairment. The collateral-dependent loans that recognized impairment were charged down to the fair value of the collateral less costs to sell. All other loans were measured for impairment either based on the present value of future cash flows or the loan’s observable market price. The Company evaluated and individually assessed for impairment loans either on nonaccrual, those that were classified as a troubled debt restructuring, or when other conditions existed which led management to review for possible impairment. Measurement of impairment on impaired loans was determined on a loan-by-loan basis and in total established a specific reserve for impaired loans. Interest income was not recognized on impaired loans except for limited circumstances in which a loan, although impaired, continued to perform in accordance with the loan contract and the borrower provided financial information to support maintaining the loan on accrual. The Company determined the appropriate allowance for loan losses on a monthly basis. Any differences between estimated and actual observed losses from the prior month were reflected in the current period in determining the appropriate allowance for loan losses determination and adjusted as deemed necessary. The review of the appropriateness of the allowance took 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 have affected borrowers’ ability to pay and/or the value of the underlying collateral. Additional factors considered included geographic location of borrowers, changes in the Company’s product-specific credit policy, and lending staff experience. These estimates depended on the outcome of future events and, therefore, contained inherent uncertainties. Another component of the allowance for loan losses considered qualitative factors related to non-impaired loans. The qualitative portion of the allowance on each of the loan pools was 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 Modified Loans to Troubled Borrowers From time to time, the Company will modify certain loans in order to alleviate temporary difficulties in a borrower’s financial condition and/or constraints on a borrower’s ability to repay the loan, and to minimize potential losses to the Company. Such modifications may include changes in the amortization terms of the loan, reductions in interest rates, acceptance of interest only payments, and in limited cases, reductions to the outstanding loan balance. Such loans are typically placed on nonaccrual status when there is doubt concerning the full repayment of principal and interest or the loan has been in default for a period of 90 days or more. These loans may be returned to accrual status when all contractual amounts past due have been brought current, and the borrower’s performance under the modified terms of the loan agreement and the ultimate collectability of all contractual amounts due under the modified terms is no longer in doubt. The Company typically measures the ACL on these loans on an individual basis when the loans are deemed to no longer share risk characteristics that are similar with other loans in the portfolio. The determination of the ACL for these loans is based on a discounted cash flow approach, unless the loan is deemed collateral dependent, which requires measurement of the ACL based on the estimated expected fair value of the underlying collateral, less selling costs. In addition, GAAP requires the Company to make certain disclosures related to these loans, including certain types of modifications, as well as how such loans have performed since their modifications. Please see Note 4 - Loans Held for Investment for additional information concerning modified loans to troubled borrowers. Off-Balance Sheet Credit Exposure In the ordinary course of business, the Company has entered into off-balance sheet financial instruments consisting of commitments to extend credit and standby letters of credit. Such financial instruments are recorded in the consolidated financial statements when they are funded. They involve, to varying degrees, elements of credit risk in excess of amounts recognized in the consolidated balance sheets. Losses would be experienced when the Company is contractually obligated to make a payment under these instruments and must seek repayment from the borrower, which may not be as financially sound in the current period as they were when the commitment was originally made. Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. The Company enters into credit arrangements that generally provide for the termination of advances in the event of a covenant violation or other event of default. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Company evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Company upon extension of credit, is based on management’s credit evaluation of the party. The commitments are collateralized by the same types of assets used as loan collateral. After the adoption of ASC 326 on January 1, 2023, the estimate of the ACL for off-balance sheet commitments provides for current estimated credit losses for the unused portion of collective pools of off-balance sheet credit exposures expected to be funded, except for unconditionally cancellable commitments for which no reserve is required under ASC 326. The ACL for off-balance sheet commitments includes reserve factors that are consistent with the ACL methodology for loans using the expected loss factors and an estimated utilization or probability of draw factor, which are based on historical experience. Changes in the ACL for off-balance sheet commitments are reported as a component of provision for credit losses in the consolidated income statements and the allowance for credit losses for off-balance sheet commitments is included in other liabilities in the consolidated balance sheets. Prior to the adoption of ASC 326 on January 1, 2023, the Company applied qualitative factors to its off-balance sheet obligations in determining an estimate of losses inherent in these contractual obligations. The estimate for losses on off-balance sheet instruments is included within other liabilities and the charge to income that established this liability is included in other expense on the consolidated income statement. 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. The components of basic and diluted earnings per share are as follows: Three Months Ended March 31, 2023 2022 (dollars in thousands, except per share amounts) Net income available to common stockholders $ 2,464 $ 3,960 Weighted average number of common shares outstanding - basic 8,813,554 8,661,795 Add: Dilutive effects of assumed exercises of stock options 171,509 187,413 Weighted average number of common shares outstanding - diluted 8,985,063 8,849,208 Earnings per share: Basic $ 0.28 $ 0.46 Diluted $ 0.27 $ 0.45 Stock options for 112,672 and 83,122 shares of common stock were not considered in computing diluted earnings per share for the three months ended March 31, 2023 and 2022, respectively, because they were antidilutive. Recently Adopted Accounting Pronouncements In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-13 - “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments”. This ASU replaces the incurred loss impairment model in current GAAP with a model that reflects current expected credit losses (“CECL”). The CECL model is applicable to the measurement of credit losses on financial assets measured at amortized cost, including loan receivables and held-to-maturity debt securities. CECL also requires credit losses on available-for-sale debt securities be measured through an allowance for credit losses when the fair value is less than the amortized cost basis. It also applies to off-balance sheet credit exposures. The ASU requires that all expected credit losses for financial assets held at the reporting date be measured based on historical experience, current conditions, and reasonable and supportable forecasts. The ASU also requires enhanced disclosure, including qualitative and quantitative disclosures that provide additional information about significant estimates and judgments used in estimating credit losses. The provisions of this Update became effective for the Company for all annual and interim periods beginning January 1, 2023. In April 2019, the FASB issued ASU 2019-04 - “Codification Improvements to Topic 326, Financial Instruments - Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments”. This ASU was issued as part of an ongoing project on the FASB’s agenda for improving the Codification or correcting for its unintended application. The FASB issued this ASU, which is specific to ASUs: 2016-13 “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments,” 2016-01 - “Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities,” and 2017-12 - “Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities.” The amendments in this Update became effective for all interim and annual reporting periods for the Company on January 1, 2023. The Company adopted the provisions within this ASU in conjunction with the implementation of ASC 326 - “Financial Instruments - Credit Losses,” including: (i) the election to not measure credit losses on accrued interest receivable when such balances are written-off in a timely manner when deemed uncollectable and (ii) the election to not include the balance of accrued interest receivable as part of the amortized cost of a loa

INVESTMENT SECURITIES

INVESTMENT SECURITIES	3 Months Ended
	Mar. 31, 2023
INVESTMENT SECURITIES [Abstract]
INVESTMENT SECURITIES	2. INVESTMENT SECURITIES The amortized cost and estimated fair value of investment securities are as follows: March 31, 2023 Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value Securities available-for-sale (in thousands) U.S. government agency notes $ 3,685 $ 18 $ — $ 3,703 U.S. government agency collateralized mortgage obligations (“CMO”) 4,384 — (175 ) 4,209 Corporate debt securities 9,250 — (1,629 ) 7,621 Total $ 17,319 $ 18 $ (1,804 ) $ 15,533 Securities held-to-maturity U.S. government agency mortgage-backed securities (“MBS”) $ 2,425 $ 5 $ (95 ) $ 2,335 Total $ 2,425 $ 5 $ (95 ) $ 2,335 Securities measured at fair value Equity securities: Farmer Mac class A stock $ 66 $ 200 $ — $ 266 Total $ 66 $ 200 $ — $ 266 December 31, 2022 Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value Securities available-for-sale (in thousands) U.S. government agency notes $ 4,081 $ 26 $ — $ 4,107 U.S. government agency CMO 4,475 — (179 ) 4,296 U.S. Treasury securities 9,984 — (14 ) 9,970 Corporate debt securities 9,250 — (935 ) 8,315 Total $ 27,790 $ 26 $ (1,128 ) $ 26,688 Securities held-to-maturity U.S. government agency MBS $ 2,557 $ 3 $ (137 ) $ 2,423 Total $ 2,557 $ 3 $ (137 ) $ 2,423 Securities measured at fair value Equity securities: Farmer Mac class A stock $ 66 $ 159 $ — $ 225 Total $ 66 $ 159 $ — $ 225 At March 31, 2023 and December 31, 2022, securities with carrying values of $10.3 million and $21.1 million, respectively, were pledged to the Federal Home Loan Bank (“FHLB”) as collateral for current and future advances. At March 31, 2023 and December 31, 2022, there were no holdings of securities of any one issuer, other than the U.S. Government and its agencies, in an amount greater than 10% of stockholders’ equity. 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: March 31, 2023 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 $ — — $ — — $ 506 4.85 % $ 3,197 5.58 % $ 3,703 5.48 % U.S. government agency CMO — — — — 464 3.70 % 3,745 5.09 % 4,209 4.94 % Corporate debt securities — — — — 7,621 3.74 % — — 7,621 3.74 % Total $ — — $ — — $ 8,591 3.80 % $ 6,942 5.32 % $ 15,533 4.48 % Securities held-to-maturity U.S. government agency MBS $ — — $ — — $ 742 3.60 % $ 1,683 3.79 % $ 2,425 3.73 % Total $ — — $ — — $ 742 3.60 % $ 1,683 3.79 % $ 2,425 3.73 % December 31, 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 $ — — $ — — $ 519 3.59 % $ 3,588 4.40 % $ 4,107 4.30 % U.S. government agency CMO — — — — — — 4,296 4.63 % 4,296 4.63 % U.S. Treasury securities 9,970 2.06 % — — — — — — 9,970 2.06 % Corporate debt securities — — — — 8,315 3.74 % — — 8,315 3.74 % Total $ 9,970 2.06 % $ — — $ 8,834 3.73 % $ 7,884 4.53 % $ 26,688 3.34 % Securities held-to-maturity U.S. government agency MBS $ — — $ — — $ 746 3.60 % $ 1,811 3.68 % $ 2,557 3.66 % Total $ — — $ — — $ 746 3.60 % $ 1,811 3.68 % $ 2,557 3.66 % 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: March 31, 2023 December 31, 2022 Amortized Cost Estimated Fair Value Amortized Cost Estimated Fair Value Securities available-for-sale (in thousands) Due in less than one year $ — $ — $ 9,984 $ 9,970 After one year through five years — — — — After five years through ten years 10,248 8,591 9,768 8,834 After ten years 7,071 6,942 8,038 7,884 Total $ 17,319 $ 15,533 $ 27,790 $ 26,688 Securities held-to-maturity Due in less than one year $ — $ — $ — $ — After one year through five years — — — — After five years through ten years 742 714 746 705 After ten years 1,683 1,621 1,811 1,718 Total $ 2,425 $ 2,335 $ 2,557 $ 2,423 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 March 31, 2023 and December 31, 2022, 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: March 31, 2023 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 $ (77 ) $ 2,039 $ (98 ) $ 2,170 $ (175 ) $ 4,209 Corporate debt securities (87 ) 1,414 (1,542 ) 6,207 (1,629 ) 7,621 Total $ (164 ) $ 3,453 $ (1,640 ) $ 8,377 $ (1,804 ) $ 11,830 Securities held-to-maturity U.S. government agency MBS $ (36 ) $ 1,335 $ (59 ) $ 686 $ (95 ) $ 2,021 Total $ (36 ) $ 1,335 $ (59 ) $ 686 $ (95 ) $ 2,021 December 31, 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 $ (130 ) $ 3,690 $ (49 ) $ 606 $ (179 ) $ 4,296 U.S. Treasury securities (14 ) 9,970 — — (14 ) 9,970 Corporate debt securities (764 ) 6,986 (171 ) 1,329 (935 ) 8,315 Total $ (908 ) $ 20,646 $ (220 ) $ 1,935 $ (1,128 ) $ 22,581 Securities held-to-maturity U.S. government agency MBS $ (137 ) $ 2,115 $ — $ — $ (137 ) $ 2,115 Total $ (137 ) $ 2,115 $ — $ — $ (137 ) $ 2,115 As of March 31, 2023 and December 31, 2022, there were 35 and 37 securities, respectively, in an unrealized loss position. At March 31, 2023 and December 31, 2022, there were no available-for-sale or held-to-maturity securities that were in nonaccrual status. All securities in the portfolio were current with their contractual principal and interest payments. Accrued interest receivable related to available-for-sale and held-to-maturity securities was $122 thousand and $8 thousand, respectively, at March 31, 2023. Accrued interest receivable related to available-for-sale and held-to-maturity securities was $69 thousand and $8 thousand, respectively, at December 31, 2022. Accrued interest receivable is included in other assets on the consolidated balance sheets. There were no collateral dependent available-for-sale or held-to-maturity securities at March 31, 2023 or December 31, 2022. The Company did not record an allowance for credit losses for available-for-sale or held-to-maturity investment securities as of March 31, 2023. For available-for-sale securities where estimated fair value was below amortized cost, such declines were deemed non-credit related and recorded as an adjustment to accumulated other comprehensive income, net of tax. Non-credit related decline in fair value of available-for-sale investment securities can be attributed to changes in interest rates and other market related factors. The Company did not record an allowance for credit losses for held-to maturity securities as of March 31, 2023, because the likelihood of non-repayment is remote. There was no provision for credit losses recognized for investment securities during the three months ended March 31, 2023. Prior to the adoption of ASC 326, declines in the fair value of held-to-maturity and available-for-sale securities below their cost that were deemed to be other-than-temporary were reflected in earnings as realized losses. In estimating other-than-temporary impairment losses, management considered, among other things: (i) the length of time and the extent to which the fair value had 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 was more likely than not that it would have been required to sell the security before the recovery of its amortized basis. Management concluded that none of the Company’s securities were impaired due to reasons of credit quality as of December 31, 2022, and therefore management believes the impairments detailed in the table above were temporary and no other-than-temporary impairment loss was recorded in the Company’s consolidated income statements.

LOANS HELD FOR SALE AND LOANS S

LOANS HELD FOR SALE AND LOANS SERVICED FOR OTHERS	3 Months Ended
	Mar. 31, 2023
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 March 31, 2023 and December 31, 2022, the Company had approximately $4.8 million and $5.2 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 March 31, 2023 and December 31, 2022, the Company had $16.2 million and $15.9 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: March 31, 2023 December 31, 2022 (in thousands) SBA $ 1,856 $ 1,926 USDA, FSA, and USDA Business and Industry — 735 Farmer Mac 154,006 155,522 Total loans serviced for others $ 155,862 $ 158,183

LOANS HELD FOR INVESTMENT

LOANS HELD FOR INVESTMENT	3 Months Ended
	Mar. 31, 2023
LOANS HELD FOR INVESTMENT [Abstract]
LOANS HELD FOR INVESTMENT	4. LOANS HELD FOR INVESTMENT The composition of the Company’s loans held for investment loan portfolio follows: March 31, December 31, 2023 2022 (in thousands) Manufactured housing $ 315,326 $ 315,825 Commercial real estate 555,339 545,317 Commercial 46,278 59,070 SBA 2,283 3,482 HELOC 2,557 2,613 Single family real estate 9,610 8,709 Consumer 10 107 Gross loans held for investment 931,403 935,123 Deferred fees, net (928 ) (787 ) Discount on SBA loans (27 ) (27 ) Loans held for investment 930,448 934,309 Allowance for credit losses (12,065 ) (10,765 ) Loans held for investment, net $ 918,383 $ 923,544 The following table presents the contractual aging of the recorded investment in past due held for investment loans by class of loans as of March 31, 2023: March 31, 2023 Current 30-59 Days Past Due 60-89 Days Past Due Over 90 Days Past Due Total Past Due Total (in thousands) Manufactured housing $ 313,385 $ 1,499 $ — $ 442 $ 1,941 $ 315,326 Commercial real estate: Commercial real estate 487,132 1,147 — — 1,147 488,279 SBA 504 1st trust deed 12,812 — — — — 12,812 Land 10,405 — — — — 10,405 Construction 43,843 — — — — 43,843 Commercial 45,291 170 — 817 987 46,278 SBA 2,282 — — 1 1 2,283 HELOC 2,557 — — — — 2,557 Single family real estate 9,610 — — — — 9,610 Consumer 10 — — — — 10 Total $ 927,327 $ 2,816 $ — $ 1,260 $ 4,076 $ 931,403 The following table presents the composition of nonaccrual loans as of March 31, 2023: March 31, 2023 With an Allowance Without an Allowance Total (in thousands) Manufactured housing $ — $ 628 $ 628 Commercial — 817 817 Single family real estate — 148 148 Total $ — $ 1,593 $ 1,593 There were no loans past due by 90 days or more that were not on nonaccrual status at March 31, 2023. The following table presents the contractual aging of the recorded investment in past due and nonaccrual held for investment loans by class of loans as of December 31, 2022: December 31, 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 $ 314,997 $ 665 $ 102 $ — $ 767 $ 61 $ 315,825 $ — Commercial real estate: Commercial real estate 481,599 1,160 — — 1,160 — 482,759 — SBA 504 1st trust deed 12,947 — — — — — 12,947 — Land 11,237 — — — — — 11,237 — Construction 38,374 — — — — — 38,374 — Commercial 59,070 — — — — — 59,070 — SBA 2,529 953 — — 953 — 3,482 — HELOC 2,613 — — — — — 2,613 — Single family real estate 8,559 — — — — 150 8,709 — Consumer 107 — — — — — 107 — Total $ 932,032 $ 2,778 $ 102 $ — $ 2,880 $ 211 $ 935,123 $ — 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 loans for the three months ended March 31, 2023 and 2022, was $140 thousand and $13 thousand, respectively. Accrued interest receivable related to loans was $5.1 million and $5.1 million at March 31, 2023 and December 31, 2022, respectively. Accrued interest receivable is included in other assets on the consolidated balance sheets. Allowance for Credit Losses for Loans (“ACL”) The Company adopted CECL on January 1, 2023. As discussed further in Note 1 - Summary of Significant Accounting Policies, The calculation of the ACL is adjusted using qualitative factors for current conditions and for reasonable and supportable forecast periods. During the quarter ended March 31, 2023, the ACL on loans increased by $1.3 million to $12.1 million at March 31, 2023 from $10.8 million at December 31, 2022. When the Company adopted the provisions of ASC 326 on January 1, 2023, it recorded the required $1.8 million increase directly to retained earnings (net of tax). During the first quarter, the Company recorded a provision (credit) for credit losses of $(607) thousand. This reduction in the required ACL during the quarter was primarily due to a $390 thousand decline in qualitative factors. During the quarter, the Company reduced its qualitative factor related to drought conditions in California as the percentage of the state of California that was experiencing a drought decreased from 80.6% on January 1, 2023, to 8.5% at March 31, 2023. In addition to these factors, the required ACL also declined after adoption of ASC 326 due to a reduction in the portion of the allowance derived from historical losses. The following table summarizes the changes in the ACL for the period indicated: For the Three Months Ended March 31, 2023 (in thousands) Manufactured Housing Commercial Real Estate Commercial SBA HELOC Single Family Real Estate Consumer Total Beginning balance, prior to adoption of ASC 326 $ 3,879 $ 5,980 $ 747 $ 21 $ 27 $ 107 $ 4 $ 10,765 Impact of adoption of ASC 326 1,671 31 70 (15 ) 17 39 (2 ) 1,811 Charge-offs — — — — — — — — Recoveries 59 19 14 4 — — — 96 Net recoveries 59 19 14 4 — — — 96 Provision (credit) for credit losses (127 ) (213 ) (269 ) (5 ) (2 ) 9 — (607 ) Ending balance $ 5,482 $ 5,817 $ 562 $ 5 $ 42 $ 155 $ 2 $ 12,065 The following table summarizes the changes in the allowance for loan losses for the period indicated, as determined in accordance with ASC 450 and ASC 310 (prior to the adoption of ASC 326): For the Three Months Ended March 31, 2022 (in thousands) Manufactured Housing Commercial Real Estate Commercial SBA HELOC Single Family Real Estate Consumer Total Beginning balance $ 2,606 $ 6,729 $ 923 $ 22 $ 18 $ 105 $ 1 $ 10,404 Charge-offs — — — — — — — — Recoveries 7 20 167 231 2 — — 427 Net recoveries 7 20 167 231 2 — — 427 Provision (credit) for loan losses 1,145 (703 ) (510 ) (231 ) 15 — — (284 ) Ending balance $ 3,758 $ 6,046 $ 580 $ 22 $ 35 $ 105 $ 1 $ 10,547 As of March 31, 2023 and December 31, 2022, the Company had an ACL for off-balance sheet commitments of $400 thousand and $94 thousand, respectively, which were included in other liabilities on the consolidated balance sheet. The provision (credit) for credit losses associated with the allowance for off-balance sheet commitments was $(115) thousand and $(5) thousand for the three months ended March 31, 2023 and 2022, respectively. Beginning on January 1, 2023, the Company evaluates loans collectively for purposes of determining the ACL in accordance with ASC 326. Collective evaluation is based on aggregating loans deemed to possess similar risk characteristics. In certain instances, the Company may identify loans that it believes no longer possess risk characteristics similar to other loans in the loan portfolio. These loans are typically identified from those that have exhibited deterioration in credit quality, since the specific attributes and risks associated with such loans tend to become unique as the credit deteriorates. Such loans are typically nonperforming, have undergone a significant modification, have been downgraded to substandard or worse, and/or are deemed collateral dependent, where the ultimate repayment of the loan is expected to come from the operation of or eventual sale of the collateral. Loans that are deemed by management to no longer possess risk characteristics similar to other loans in the portfolio, or that have been identified as collateral dependent, are evaluated individually for purposes of determining an appropriate lifetime ACL. The Company uses a discounted cash flow approach, using the loan’s effective interest rate, for determining the ACL on individually evaluated loans, unless the loan is deemed collateral dependent, which requires evaluation based on the estimated fair value of the underlying collateral, less estimated costs to sell. The Company may increase or decrease the ACL for collateral dependent loans based on changes in the estimated fair value of the collateral. Changes in the ACL for all other individually evaluated loans are based substantially on the Company’s evaluation of cash flows expected to be received from such loans. As of March 31, 2023, $3.8 million of loans were individually evaluated, and the ACL attributed to such loans was $9 thousand. At March 31, 2023, $3.2 million of individually evaluated loans were evaluated based on the underlying value of the collateral, with no required ACL based on management’s analysis of the value of the collateral. As of the same date, $0.5 million of individually evaluated loans were evaluated using a discounted cash flow approach, with an associated reserve of $9 thousand. The following table presents the amortized cost basis of collateral dependent loans by class of loans and by collateral type as of March 31, 2023: Manufactured Homes Single Family Residence Land Machinery & Equipment Total (in thousands) Manufactured housing $ 1,027 $ — $ — $ — $ 1,027 Commercial — — 817 1,247 2,064 Single family real estate — 148 — — 148 Total, $ 1,027 $ 148 $ 817 $ 1,247 $ 3,239 Prior to the adoption of ASC 326 on January 1, 2023, the Company classified loans as impaired when, based on current information and events, it was probable that the Company would be unable to collect all amounts due according to the contractual terms of the loan agreement or it was determined that the likelihood of the Company receiving all scheduled payments, including interest, when due was remote. Credit losses on impaired loans were determined separately based on the guidance in ASC 310. Beginning January 1, 2023, the Company accounts for credit losses on all loans in accordance with ASC 326, which eliminates the concept of an impaired loan within the context of determining credit losses. The following tables present impairment method information related to loans and ACL by loan portfolio segment as of December 31, 2022 (prior to the adoption of ASC 326) Manufactured Housing Commercial Real Estate Commercial SBA HELOC Single Family Real Estate Consumer Total Loans (in thousands) Recorded Investment: Impaired loans with an allowance recorded $ 2,918 $ — $ — $ 41 $ — $ 209 $ — $ 3,168 Impaired loans with no allowance recorded 1,166 209 1,364 — — 150 — 2,889 Total loans individually evaluated for impairment 4,084 209 1,364 41 — 359 — 6,057 Loans collectively evaluated for impairment 311,741 545,108 57,706 3,441 2,613 8,350 107 929,066 Total loans held for investment $ 315,825 $ 545,317 $ 59,070 $ 3,482 $ 2,613 $ 8,709 $ 107 $ 935,123 Related Allowance for Loan Losses Loans individually evaluated for impairment 157 18 — 1 — 8 — 184 Loans collectively evaluated for impairment 3,722 5,962 747 20 27 99 4 10,581 Total allowance for loan losses $ 3,879 $ 5,980 $ 747 $ 21 $ 27 $ 107 $ 4 $ 10,765 The recorded investment in impaired loans approximated the unpaid balance of the loans as of December 31, 2022. Prior to adoption of ASC 326, a valuation allowance was established for an impaired loan when the fair value of the loan was less than the recorded investment. In certain cases, portions of impaired loans were charged-off to realizable value instead of establishing a valuation allowance and were included, when applicable, in the table above as “Impaired loans without specific valuation allowance.” The valuation allowance disclosed above is included in the allowance for loan losses reported in the consolidated balance sheets as of December 31, 2022. The Company utilizes an internal asset classification system as a means of reporting problem and potential problem loans. Loan ratings are reviewed as part of the Company’s normal loan monitoring process, but, at a minimum, updated on an annual basis. Under the Company’s risk rating system, the Company rates loans with potential problems as “Special Mention,” “Substandard,” “Doubtful,” and “Loss”. The following is a description of the characteristics of loan ratings. 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. Loans not meeting the criteria above are considered to be pass-rated loans. The following tables present the risk categories for gross loans by class of loans and by year of origination as of March 31, 2023: Term Loans Amortized Cost Basis by Origination Year 2023 2022 2021 2020 2019 Prior Revolving Total (in thousands) (Manufactured housing: Pass $ 9,219 $ 60,208 $ 52,919 $ 50,027 $ 25,939 $ 115,518 $ — $ 313,830 Substandard — — — — — 1,496 — 1,496 Total 9,219 60,208 52,919 50,027 25,939 117,014 — 315,326 Commercial real estate: Pass 14,032 152,327 123,166 64,535 48,535 120,146 16,321 539,062 Special mention — — — 2,167 4,185 1,026 — 7,378 Substandard — — — 1,053 — 7,346 500 8,899 Total 14,032 152,327 123,166 67,755 52,720 128,518 16,821 555,339 Commercial: Pass 123 7,681 3,131 1,361 1,034 16,421 10,983 40,734 Special mention — — 2,146 — — — — 2,146 Substandard — — — — — 3,398 — 3,398 Total 123 7,681 5,277 1,361 1,034 19,819 10,983 46,278 SBA: Pass — — 416 268 — 1,598 — 2,282 Doubtful — — — — — 1 — 1 Total — — 416 268 — 1,599 — 2,283 HELOC: Pass — — — — — — 2,557 2,557 Total — — — — — — 2,557 2,557 Single family real estate: Pass 705 1,133 2,119 2,015 758 2,728 — 9,458 Substandard — — — — — 152 — 152 Total 705 1,133 2,119 2,015 758 2,880 — 9,610 Consumer: Pass — — — — — 10 — 10 Total — — — — — 10 — 10 Total loans $ 24,079 $ 221,349 $ 183,897 $ 121,426 $ 80,451 $ 269,840 $ 30,361 $ 931,403 The following tables present gross loans by risk rating as of December 31, 2022 December 31, 2022 Pass Special Mention Substandard Doubtful Total (in thousands) Manufactured housing $ 314,771 $ — $ 1,054 $ — $ 315,825 Commercial real estate: Commercial real estate 460,110 13,381 8,008 — 481,499 SBA 504 1st trust deed 12,477 — 470 — 12,947 Land 11,237 — — — 11,237 Construction 38,374 — — — 38,374 Commercial 52,384 2,723 2,728 — 57,835 SBA 1,644 — — — 1,644 HELOC 2,613 — — — 2,613 Single family real estate 8,554 — 155 — 8,709 Consumer 107 — — — 107 Total, net 902,271 16,104 12,415 $ — 930,790 Government guaranteed loans 4,333 — — — 4,333 Total $ 906,604 $ 16,104 $ 12,415 $ — $ 935,123 There were no loans classified as “Loss” at March 31, 2023 or December 31, 2022. Loan Modifications In certain instances, the Company may make modifications to the terms of loans to borrowers that are experiencing financial distress by providing a term extension, a payment deferral, a reduction of the contractual interest rate on the loan, or a partial forgiveness of principal (or a combination of these modifications). When principal forgiveness is provided to a borrower, the amount of forgiveness is charged off against the ACL . The following table presents the amortized cost basis of loans at March 31, 2023 that were both experiencing financial difficulty and were modified during the three months ended March 31, 2023, by loan class and by type of modification; the only type of modification that was granted to borrowers that were experiencing financial difficulty during the three months ended March 31, 2023 was a term extension. The percentage of the amortized cost basis of loans that were modified to borrowers in financial distress as compared to the total amortized cost basis of the loan class, as well as the financial effects of the modifications, is presented below. For the Three Months Ended March 31, 2023 Amortized Cost of Modified Loans % of Total Class of Loans Term Extension (Weighted Average years) (dollars in thousands) Commercial real estate $ 2,445 0.45 % 5.00 Commercial 1,244 2.11 % 0.55 Total $ 3,689 0.39 % 2.05 The Company does not have any commitments to lend any additional amounts to the borrowers included in the previous table. All of the loans listed in the previous table were considered to be current as of March 31, 2023 The ACL for a loan to a borrower that was experiencing financial difficulty and was granted a modification (and included in the able above) is measured on a collective basis, as with other loans in the loan portfolio, unless management determines that such loans no longer possess risk characteristics similar to others in the loan portfolio. In those instances, the for such a loan is determined through individual evaluation. There were no defaults on loans to borrowers that were experiencing financial difficulty that had been modified since January 1, 2023. Troubled Debt Restructurings TDRs Prior to the adoption of ASU 2022-02 on January 1, 2023, the Company, in infrequent situations would modify or restructure loans as a TDR. A TDR is a loan on which the Company, 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 Company’s modifications were extensions in terms or deferral of payments which result in no lost principal or interest followed by reductions in interest rates or accrued interes T he total carrying amount of loans that were classified as TDRs at December 31, 2022 was $ million; of these, $5.8 million were performing according to their modified terms ASU 2022-02 eliminated the concept of TDRs in current GAAP, and therefore, beginning January 1, 2023, the Company no longer reports loans modified as TDRs except for those loans modified and reported as TDRs in prior financial information under previous GAAP

OTHER ASSETS ACQUIRED THROUGH F

OTHER ASSETS ACQUIRED THROUGH FORECLOSURE	3 Months Ended
	Mar. 31, 2023
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 March 31, 2023 and December 31, 2022 is primarily attributable to a single commercial agricultural relationship. The following table summarizes the changes in other assets acquired through foreclosure: Three Months Ended March 31, 2023 2022 (in thousands) Balance, beginning of period $ 2,250 $ 2,518 Proceeds from dispositions — (140 ) Gain (loss) on foreclosed assets, net — 11 Balance, end of period $ 2,250 $ 2,389

FAIR VALUE MEASUREMENT

FAIR VALUE MEASUREMENT	3 Months Ended
	Mar. 31, 2023
FAIR VALUE MEASUREMENT [Abstract]
FAIR VALUE MEASUREMENT	6. FAIR VALUE MEASUREMENT The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities. FASB ASC 820, Fair Value Measurements and Disclosures • Level 1— Observable quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. • Level 2— Observable quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, matrix pricing, or model-based valuation techniques where all significant assumptions are observable, either directly or indirectly in the market. • Level 3— Model-based techniques where 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 March 31, 2023 or December 31, 2022. The estimated fair value amounts for March 31, 2023 and December 31, 2022 have been measured as of period-end, and have not been reevaluated or updated for purposes of these consolidated financial statements subsequent to those dates. As such, the estimated fair values of these financial instruments subsequent to the reporting date may be different than the amounts reported at the period-end. This information should not be interpreted as an estimate of the fair value of the entire Company since a fair value calculation is only required for a limited portion of the Company’s assets and liabilities. Due to the wide range of valuation techniques and the degree of subjectivity used in making the estimate, comparisons between the Company’s disclosures and those of other companies or banks may not be meaningful. The following tables summarize the fair value of assets measured on a recurring basis: Fair Value Measurements at the End of the March 31 2023 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 $ 266 $ — $ — $ 266 Investment securities available-for-sale U.S. government agency notes — 3,703 — 3,703 U.S. government agency CMO — 4,209 — 4,209 Corporate debt securities — 7,621 — 7,621 Interest only strips — — 7 7 Servicing assets — — 27 27 Total $ 266 $ 15,533 $ 34 $ 15,833 Fair Value Measurements at the End of the Reporting Period Using: December 31, 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 $ 225 $ — $ — $ 225 Investment securities available-for-sale U.S. government agency notes — 4,107 — 4,107 U.S. government agency CMO — 4,296 — 4,296 U.S. Treasury securities — 9,970 — 9,970 Corporate debt securities — 8,315 — 8,315 Interest only strips — — 7 7 Servicing assets — — 26 26 Total $ 225 $ 26,688 $ 33 $ 26,946 The change in Level 3 assets measured at fair value on a recurring basis included in income was as follows: Three Months Ended March 31, 2023 2022 Servicing Assets: Balance, beginning of period $ 26 44 Additions — — Amortization — — Valuation adjustments 1 — Balance, end of period $ 27 44 Market valuations of the Company’s 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 assets acquired through foreclosure and certain loans that are collateral dependent and recorded at the fair value of collateral (less costs to sell). The following summarizes the fair value measurements of assets measured on a non-recurring basis: Fair Value Measurements at the End of the Reporting Period Using: Total Quoted Prices in Active Markets for Identical Assets (Level 1) Active Markets for Similar Assets (Level 2) Unobservable Inputs (Level 3) (in thousands) March 31 2023 Other assets acquired through foreclosure $ 2,250 $ — $ 2,250 $ — Total $ 2,250 $ — $ 2,250 $ — 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, 2022 Impaired loans $ 3,805 $ — $ 3,805 $ — Other assets acquired through foreclosure 2,250 — 2,250 — Total $ 6,055 $ — $ 6,055 $ — The Company records certain loans at fair value on a non-recurring basis. When a loan is considered collateral dependent, the need for an ACL is evaluated. The fair value measurement and disclosure requirement applies to loans measured for impairment using the practical expedient method permitted by accounting guidance for collateral dependent loans. Such loans are measured at an observable market price, if available, or at the fair value of the loan’s collateral. 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. 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: March 31, 2023 Carrying Fair Value Amount Level 1 Level 2 Level 3 Total Financial assets: (in thousands) Cash and cash equivalents $ 167,875 $ 167,875 $ — $ — $ 167,875 FHLB and FRB stock 4,533 — 4,533 — 4,533 Investment securities - available-for-sale 15,533 — 15,533 — 15,533 Investment securities - held-to-maturity 2,425 — 2,335 — 2,335 Investment securities - measured at fair value 266 266 — — 266 Loans, net and loans held for sale 939,428 — 890,629 — 890,629 Accrued interest receivable 5,475 — 5,475 — 5,475 Servicing assets 1,434 — — 2,647 2,647 Interest only strips 7 — — 7 7 Financial liabilities: Deposits 920,804 — 915,283 — 915,283 FHLB advances 115,000 — 109,142 — 109,142 Accrued interest payable 424 — 424 — 424 December 31, 2022 Carrying Fair Value Amount Level 1 Level 2 Level 3 Total Financial assets: (in thousands) Cash and cash equivalents $ 64,690 $ 64,690 $ — $ — $ 64,690 FHLB and FRB stock 4,533 — 4,533 — 4,533 Investment securities - available-for-sale 26,688 — 26,688 — 26,688 Investment securities - held-to-maturity 2,557 — 2,423 — 2,423 Investment securities - measured at fair value 225 225 — — 225 Loans, net and loans held for sale 944,577 — 892,134 3,805 895,939 Accrued interest receivable 5,295 — 5,295 — 5,295 Servicing assets 1,480 — — 2,646 2,646 Interest only strips 7 — — 7 7 Financial liabilities: Deposits 875,084 — 867,697 — 867,697 FHLB advances 90,000 — 83,322 — 83,322 Accrued interest payable 126 — 126 — 126

BORROWINGS

BORROWINGS	3 Months Ended
	Mar. 31, 2023
BORROWINGS [Abstract]
BORROWINGS	7. BORROWINGS Federal Home Loan Bank Advances Total FHLB interest expense was $265 thousand and $191 March The following table presents the contractual maturities by year of FHLB advances as of March 31, 2023 (in thousands): Within one year $ 15,000 After one through two years — After two through three years 90,000 Total $ 105,000 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 March 31, 2023 and December 31, 2022, there were $285.0 million and $248.6 million, respectively, of loans pledged to the FRB. There were no outstanding FRB advances as of March 31, 2023 and December 31, 2022. Available borrowing capacity was $94.9 million and $78.9 million as of March 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 March 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 March 31, 2023, there was $10.0 million outstanding on this revolving line of credit. There

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	3 Months Ended
	Mar. 31, 2023
STOCKHOLDERS' EQUITY [Abstract]
STOCKHOLDERS' EQUITY	8. STOCKHOLDERS’ EQUITY The following table summarizes the changes in other comprehensive income (loss) by component, net of tax for the period indicated: Three Months Ended March 31, 2023 2022 Unrealized holding gains (losses) on AFS (in thousands) Beginning balance $ (771 ) $ 92 Other comprehensive (loss) income before reclassifications (482 ) (250 ) Amounts reclassified from accumulated other comprehensive income — — Net current-period other comprehensive (loss) income (482 ) (250 ) Ending balance $ (1,253 ) $ (158 ) 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 common stock shares repurchased under this program during the three months ended March 31, 2023 and 2022. During the three months ended March 31, 2023 and 2022, the Company paid common stock dividends of $0.7 million and $0.6 million, respectively.

CAPITAL REQUIREMENTS

CAPITAL REQUIREMENTS	3 Months Ended
	Mar. 31, 2023
CAPITAL REQUIREMENTS [Abstract]
CAPITAL REQUIREMENTS	9. CAPITAL REQUIREMENTS 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 March 31, 2023 and December 31, 2022. Total Capital (To Risk- Weighted Assets) Tier 1 Capital (To Risk- Weighted Assets) Common Equity Tier 1 (To Risk- Weighted Assets) Leverage Ratio/Tier 1 Capital (To Average Assets) March 31 2023 CWB’s actual regulatory ratios 13.00 % 11.82 % 11.82 % 10.46 % 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 2022 CWB’s actual regulatory ratios 12.56 % 11.44 % 11.44 % 10.34 % Minimum capital requirements 8.00 % 6.00 % 4.50 % 4.00 % Well-capitalized requirements 10.00 % 8.00 % 6.50 % 5.00 % The adoption of CECL on January 1, 2023 resulted in a $1.6 million reduction to stockholders’ equity, net of $0.7 million in taxes. Banking organizations that experienced a reduction in retained earnings from the adoption of CECL have the option to elect a phase-in approach for up to 3 years of the “day 1 ” adverse impact to regulatory capital. The Company made this election and will phase in the impact of the transition to CECL over a period, starting with the first quarter of 2023. There are no conditions or events since March 31, 2023 that management believes have changed the Company’s or the Bank’s risk-based capital category.

REVENUE RECOGNITION

REVENUE RECOGNITION	3 Months Ended
	Mar. 31, 2023
REVENUE RECOGNITION [Abstract]
REVENUE RECOGNITION	10. REVENUE RECOGNITION ASC 606 requires recognition of revenue at an amount that reflects the consideration to 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 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 March 31, 2023 2022 In-scope of Topic 606: (in thousands) Service charges on deposit accounts $ 134 $ 70 Exchange fees and other service charges 107 118 Non-interest income (in-scope of Topic 606) 241 188 Non-interest income (out-of-scope of Topic 606) 521 1,103 Total $ 762 $ 1,291 Contract Balances A contract asset balance occurs when an entity performs a service for a customer before the customer pays consideration (resulting in a contract receivable) or before payment is due (resulting in a contract asset). A contract liability balance is an entity’s obligation to transfer a service to a customer for which the entity has already received payment (or payment is due) from the customer. The Company’s non-interest income streams are largely based on transactional activity. Consideration is often received immediately or shortly after the Company satisfies its performance obligation and income is recognized. The Company does not typically enter into long-term revenue contracts with customers, and therefore, does not experience significant contract balances. As of March 31, 2023 and December 31, 2022, the Company did not have any signficant contract balances.

LEASES

LEASES	3 Months Ended
	Mar. 31, 2023
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 March 31, 2023 and December 31, 2022, 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 Three Months Ended March 31, 2023 2022 Lease cost: (in thousands) Operating lease cost $ 255 $ 250 Sublease income — — Total lease cost $ 255 $ 250 Other information: Operating cash flows from operating leases $ 253 $ 249 Weighted average remaining lease term - operating leases 6.84 years 8.04 years Weighted average discount rate - operating leases 3.26 % 3.26 % Future minimum operating lease payments for the years shown are as follows (in thousands): 2023 $ 761 2024 1,026 2025 976 2026 876 2027 473 Thereafter 1,538 Total future minimum lease payments $ 5,650 Less remaining imputed interest 600 Total lease liabilities $ 5,050

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2023
SUBSEQUENT EVENTS [Abstract]
SUBSEQUENT EVENTS	12. SUBSEQUENT EVENTS On April 28, 2023, the Company’s Board of Directors declared a quarterly cash dividend of $0.08 per common share, payable on May 31, 2023, to common shareholders of record on May 12, 2023.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2023
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 banking 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 March 31, 2023 and for the three months ended March 31, 2023 and 2022 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, 2022.
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 credit 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, 2022 and for the three months ended March 31, 2022
Allowance for Credit Losses - Available-For-Sale ("AFS") and Held-To-Maturity ("HTM") Debt Securities	Allowance for Credit Losses - Available-For-Sale (“AFS”) and Held-To-Maturity (“HTM”) Debt Securities Effective January 1, 2023, the allowance for credit losses on investment securities is determined for both HTM and AFS investments in accordance with Accounting Standards Codification (“ASC”) Topic 326 (“ASC 326”) - “Financial Instruments-Credit Losses.” The allowance for credit losses for HTM investment securities is determined on a collective basis, based on shared risk characteristics, and is determined at the individual security level when the Company deems a security to no longer possess shared risk characteristics. For investment securities where the Company has reason to believe the credit loss exposure is remote, a zero-credit loss assumption is applied. Such investment securities typically consist of those guaranteed by the U.S. government or government agencies, where there is an explicit or implicit guarantee by the U.S. government, that are highly rated by rating agencies, and historically have had no credit loss experience. For AFS securities, the Company performs a quarterly qualitative evaluation for securities in an unrealized loss position to determine if the decline in fair value below the security’s amortized cost is credit related or non-credit related. In determining whether a security’s decline in fair value is credit related, the Company considers a number of factors including, but not limited to: (i) the extent to which the fair value of the investment is less than its amortized cost; (ii) the financial condition and near-term prospects of the issuer; (iii) downgrades in credit ratings; (iv) payment structure of the security, (v) the ability of the issuer of the security to make scheduled principal and interest payments, and (vi) general market conditions which reflect prospects for the economy as a whole, including interest rates and sector credit spreads. If it is determined that the unrealized loss, or a portion thereof, is credit related, the Company records the amount of credit loss through a charge to provision for credit losses in current period earnings. However, the amount of credit loss recorded in current period earnings is limited to the amount of the total unrealized loss on the security, which is measured as the amount by which the security’s fair value is below its amortized cost. If the Company intends to sell, or if it is more likely than not that the Company will be required to sell the security in an unrealized loss position before the recovery of its amortized cost basis, the total amount of the loss is recognized in current period earnings. Unrealized losses deemed non-credit related are recorded, net of tax, through accumulated other comprehensive income. As of January 1, 2023 and March 31, 2023, the Company determined that the unrealized loss positions in AFS and HTM securities were not the result of credit losses. Management’s analysis of the securities that are in an unrealized loss position indicated that the declines in the fair value of the securities were related to interest rates or other market conditions. In addition, as of March 31, 2023, management does not intend to sell any securities in an unrealized loss position, and it is not more likely than not that the Company will be required to sell any securities that are in an unrealized loss position. Therefore an allowance for credit losses with respect to both AFS and HTM securities was not recorded. See Note 2 - Investment Securities for more information. A debt security is placed on nonaccrual status at the time any principal or interest payments become greater than 90 days delinquent. Interest accrued but not received when a security is placed on nonaccrual status is reversed against interest income. Accrued interest receivable on available-for-sale securities totaled $122 thousand at March 31, 2023 and is excluded from the estimate of the required allowance for credit losses.
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 months ended March
Loans Held for Investment	Loans Held for Investment 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. 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.
Allowance for Credit Losses - Loans (Subsequent to the Adoption of ASC 326 on January 1, 2023)	Allowance for Credit Losses - Loans (Subsequent to the Adoption of ASC 326 on January 1, 2023) Effective January 1, 2023, the Company accounts for credit losses on loans in accordance with ASC 326 – “Financial Instruments-Credit Losses”. The allowance for credit losses for loans (“ACL”) is a valuation account that is deducted from the amortized cost basis of loans to present the net amount expected to be collected on the loans. The Company has elected to exclude accrued interest receivable from the amortized cost basis in the estimate of the ACL. The provision for credit losses reflects the amount required to maintain the ACL at an appropriate level based upon management’s evaluation of the adequacy of collective and individual loss reserves. The Company’s methodologies for determining the adequacy of ACL are set forth in a formal policy and take into consideration the need for a valuation allowance for loans evaluated on a collective pool basis which have similar risk characteristics, as well as allowances that are tied to individual loans that do not share risk characteristics and are individually evaluated. The Company increases its ACL by charging the provision for credit losses on its consolidated income statements. Losses related to specific assets are applied as a reduction of the carrying value of the assets and charged against the ACL when management believes the non-collectability of a loan balance is confirmed. Recoveries on previously charged off loans are credited to the ACL. Management conducts an assessment of the ACL on a monthly basis and undertakes a more comprehensive evaluation quarterly. The ACL is estimated using relevant information, from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts and is maintained at a level sufficient to provide for expected credit losses over the life of the loan, including expected prepayments, based on evaluating historical credit loss experience and making adjustments to historical loss information for differences in the specific risk characteristics in the current loan portfolio and economic conditions. The ACL is measured on a collective pool basis when similar risk characteristics exist. In estimating the component of the ACL for loans that share common risk characteristics, loans are pooled based on the loan types and areas of risk concentration. For loans evaluated collectively as a pool, the ACL is calculated using the weighted average remaining maturity (“WARM”) method. The WARM method utilizes a historical average annual charge-off rate containing loan loss information over a historical lookback period that is used as a foundation for estimating the ACL for the remaining outstanding balances of loans in a segment at a particular consolidated balance sheet date. The WARM methodology was chosen because each of the loan segments have had loan loss histories dating back as far as 2006 and therefore capture the Company’s historical losses and recoveries and thus established reliable loan loss rates for each segment. In the events where there was insufficient historical loan data to establish a reliable loan loss rate, California peer bank data has been utilized to establish loan loss rates. The Company established a general forecast loan policy to calculate the loan loss rates for each loan segment. The general forecast policy projects that the next four quarters will be similar to the Company’s loan loss rates from 2009 to 2016, and then revert to the long-term average over one quarter. The calculation of the reserve is adjusted using qualitative factors for current conditions and for reasonable and supportable forecast periods. These qualitative factors serve to compensate for additional areas of uncertainty inherent in the portfolio that are not directly reflected in the Company’s historical loan losses, and may include adjustments for changes in environmental and economic conditions, such as changes in unemployment rates, changes in Gross Domestic Product, change in percentage of drought impact, and other relevant factors in near to medium term of time. Portfolio segmentation is defined as the level at which an entity develops and documents a systematic methodology to determine its ACL. The method for determining the ACL described above is used to determine the ACL in each portfolio segment in the Company’s loan portfolio. The Company has designated the following portfolio segments of loans: Manufactured Housing Commercial Real Estate (“CRE”) Commercial Small Business Administration (SBA) Single Family Real Estate and Home Equity Lines of Credit (“HELOC”) Consumer : Loans that do not share risk characteristics with other loans in the portfolio are individually evaluated for a required ACL and are not included in the collective evaluation. Factors involved in determining whether a loan should be individually evaluated include, but are not limited to, the financial condition of the borrower and the value of the underlying collateral. Expected credit losses for loans evaluated individually are measured based on the present value of expected future cash flows discounted at the loan’s effective interest rate or, when the Company determines that foreclosure is probable, the expected credit loss is measured based on the fair value of the collateral as of the reporting date, less estimated selling costs. Collateral may consist of various types of real estate including residential properties, commercial properties, agriculture land, vacant land, and manufactured housing. The Company assesses these loans on each reporting date to determine whether repayment is expected to be provided substantially through the operation or sale of the collateral when the borrower is experiencing financial difficulty. If the fair value of the collateral is less than the amortized cost basis of the loan, the Company will recognize an ACL or partial charge off as the difference between the fair value of the collateral, less costs to sell, and the amortized cost basis of the loan. If the fair value of the collateral exceeds the amortized cost basis of the loan, any expected recovery added to the amortized cost basis will be limited to the amount previously charged off. Subsequent changes in the expected credit losses for loans evaluated individually are included within the provision for credit losses in the same manner in which the expected credit loss initially was recognized or as a reduction in the provision that would otherwise be reported. The process of assessing the adequacy of the ACL is necessarily subjective. Further, and particularly in times of economic downturns, it is reasonably possible that future credit losses may exceed historical loss levels and may also exceed management’s current estimates of expected credit losses within the loan portfolio. As such, there can be no assurance that future charge offs will not exceed management’s current estimate of what constitutes a reasonable ACL.
Allowance for Loan Losses (Prior to the Adoption of ASC 326 on January 1, 2023)	Allowance for Loan Losses (Prior to the Adoption of ASC 326 on January 1, 2023) Prior to the adoption of ASC 326 on January 1, 2023, the allowance for loan losses was intended to be appropriate to provide for probable losses that were considered inherent in the loan portfolio. This process involved deriving probable loss estimates that were based on migration analyses and historical loss rates, in addition to qualitative factors that were based on management’s judgment. The migration analysis and historical loss rate calculations were based on annualized loss rates. Migration analysis was utilized for the commercial real estate, commercial, commercial agriculture, SBA, HELOC, single family residential, and consumer portfolios. The historical loss rate method was utilized primarily for the manufactured housing portfolio. The migration analysis considered the risk rating of loans that were charged off in each loan category. The Company’s allowance for loan losses was maintained at a level believed appropriate by management to absorb known and inherent probable losses on existing loans. The allowance was charged for losses when management believed that full recovery on the loan was unlikely. The allowance for loan losses calculation for the different loan portfolios consisted of the following: • Commercial real estate, commercial, commercial agriculture, SBA, HELOC, single family residential, and consumer: Migration analysis combined with risk rating of the loans was used to determine the required allowance for loan losses for all non-impaired loans. In addition, the migration results were adjusted based upon qualitative factors that affect the specific portfolio category. Reserves on impaired loans were determined based upon the individual characteristics of the loan. • Manufactured housing: The allowance for loan losses was calculated on the basis of loss history and risk rating, which was primarily a function of delinquency. In addition, the loss results were adjusted based upon qualitative factors that affected this specific portfolio. A loan was considered impaired when, based on current information, it was probable that the Company would 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 included payment status, collateral value, and the probability of collecting scheduled principal and/or interest payments. Loans that experienced insignificant payment delays or payment shortfalls generally were not classified as impaired. Management determined the significance of payment delays or payment shortfalls on a case-by-case basis. When determining the possibility of impairment, management considered 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 used the fair value of collateral method to measure impairment. The collateral-dependent loans that recognized impairment were charged down to the fair value of the collateral less costs to sell. All other loans were measured for impairment either based on the present value of future cash flows or the loan’s observable market price. The Company evaluated and individually assessed for impairment loans either on nonaccrual, those that were classified as a troubled debt restructuring, or when other conditions existed which led management to review for possible impairment. Measurement of impairment on impaired loans was determined on a loan-by-loan basis and in total established a specific reserve for impaired loans. Interest income was not recognized on impaired loans except for limited circumstances in which a loan, although impaired, continued to perform in accordance with the loan contract and the borrower provided financial information to support maintaining the loan on accrual. The Company determined the appropriate allowance for loan losses on a monthly basis. Any differences between estimated and actual observed losses from the prior month were reflected in the current period in determining the appropriate allowance for loan losses determination and adjusted as deemed necessary. The review of the appropriateness of the allowance took 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 have affected borrowers’ ability to pay and/or the value of the underlying collateral. Additional factors considered included geographic location of borrowers, changes in the Company’s product-specific credit policy, and lending staff experience. These estimates depended on the outcome of future events and, therefore, contained inherent uncertainties. Another component of the allowance for loan losses considered qualitative factors related to non-impaired loans. The qualitative portion of the allowance on each of the loan pools was 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
Modified Loans to Troubled Borrowers	Modified Loans to Troubled Borrowers From time to time, the Company will modify certain loans in order to alleviate temporary difficulties in a borrower’s financial condition and/or constraints on a borrower’s ability to repay the loan, and to minimize potential losses to the Company. Such modifications may include changes in the amortization terms of the loan, reductions in interest rates, acceptance of interest only payments, and in limited cases, reductions to the outstanding loan balance. Such loans are typically placed on nonaccrual status when there is doubt concerning the full repayment of principal and interest or the loan has been in default for a period of 90 days or more. These loans may be returned to accrual status when all contractual amounts past due have been brought current, and the borrower’s performance under the modified terms of the loan agreement and the ultimate collectability of all contractual amounts due under the modified terms is no longer in doubt. The Company typically measures the ACL on these loans on an individual basis when the loans are deemed to no longer share risk characteristics that are similar with other loans in the portfolio. The determination of the ACL for these loans is based on a discounted cash flow approach, unless the loan is deemed collateral dependent, which requires measurement of the ACL based on the estimated expected fair value of the underlying collateral, less selling costs. In addition, GAAP requires the Company to make certain disclosures related to these loans, including certain types of modifications, as well as how such loans have performed since their modifications. Please see Note 4 - Loans Held for Investment for additional information concerning modified loans to troubled borrowers.
Off-Balance Sheet Credit Exposure	Off-Balance Sheet Credit Exposure In the ordinary course of business, the Company has entered into off-balance sheet financial instruments consisting of commitments to extend credit and standby letters of credit. Such financial instruments are recorded in the consolidated financial statements when they are funded. They involve, to varying degrees, elements of credit risk in excess of amounts recognized in the consolidated balance sheets. Losses would be experienced when the Company is contractually obligated to make a payment under these instruments and must seek repayment from the borrower, which may not be as financially sound in the current period as they were when the commitment was originally made. Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. The Company enters into credit arrangements that generally provide for the termination of advances in the event of a covenant violation or other event of default. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Company evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Company upon extension of credit, is based on management’s credit evaluation of the party. The commitments are collateralized by the same types of assets used as loan collateral. After the adoption of ASC 326 on January 1, 2023, the estimate of the ACL for off-balance sheet commitments provides for current estimated credit losses for the unused portion of collective pools of off-balance sheet credit exposures expected to be funded, except for unconditionally cancellable commitments for which no reserve is required under ASC 326. The ACL for off-balance sheet commitments includes reserve factors that are consistent with the ACL methodology for loans using the expected loss factors and an estimated utilization or probability of draw factor, which are based on historical experience. Changes in the ACL for off-balance sheet commitments are reported as a component of provision for credit losses in the consolidated income statements and the allowance for credit losses for off-balance sheet commitments is included in other liabilities in the consolidated balance sheets. Prior to the adoption of ASC 326 on January 1, 2023, the Company applied qualitative factors to its off-balance sheet obligations in determining an estimate of losses inherent in these contractual obligations. The estimate for losses on off-balance sheet instruments is included within other liabilities and the charge to income that established this liability is included in other expense on the consolidated income statement.
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. The components of basic and diluted earnings per share are as follows: Three Months Ended March 31, 2023 2022 (dollars in thousands, except per share amounts) Net income available to common stockholders $ 2,464 $ 3,960 Weighted average number of common shares outstanding - basic 8,813,554 8,661,795 Add: Dilutive effects of assumed exercises of stock options 171,509 187,413 Weighted average number of common shares outstanding - diluted 8,985,063 8,849,208 Earnings per share: Basic $ 0.28 $ 0.46 Diluted $ 0.27 $ 0.45 Stock options for 112,672 and 83,122 shares of common stock were not considered in computing diluted earnings per share for the three months ended March 31, 2023 and 2022, respectively, because they were antidilutive.
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-13 - “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments”. This ASU replaces the incurred loss impairment model in current GAAP with a model that reflects current expected credit losses (“CECL”). The CECL model is applicable to the measurement of credit losses on financial assets measured at amortized cost, including loan receivables and held-to-maturity debt securities. CECL also requires credit losses on available-for-sale debt securities be measured through an allowance for credit losses when the fair value is less than the amortized cost basis. It also applies to off-balance sheet credit exposures. The ASU requires that all expected credit losses for financial assets held at the reporting date be measured based on historical experience, current conditions, and reasonable and supportable forecasts. The ASU also requires enhanced disclosure, including qualitative and quantitative disclosures that provide additional information about significant estimates and judgments used in estimating credit losses. The provisions of this Update became effective for the Company for all annual and interim periods beginning January 1, 2023. In April 2019, the FASB issued ASU 2019-04 - “Codification Improvements to Topic 326, Financial Instruments - Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments”. This ASU was issued as part of an ongoing project on the FASB’s agenda for improving the Codification or correcting for its unintended application. The FASB issued this ASU, which is specific to ASUs: 2016-13 “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments,” 2016-01 - “Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities,” and 2017-12 - “Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities.” The amendments in this Update became effective for all interim and annual reporting periods for the Company on January 1, 2023. The Company adopted the provisions within this ASU in conjunction with the implementation of ASC 326 - “Financial Instruments - Credit Losses,” including: (i) the election to not measure credit losses on accrued interest receivable when such balances are written-off in a timely manner when deemed uncollectable and (ii) the election to not include the balance of accrued interest receivable as part of the amortized cost of a loan, but rather to present it separately in the consolidated balance sheets. In May 2019, the FASB issued ASU 2019-05 - “Financial Instruments - Credit Losses (Topic 326) - Targeted Transition Relief.” This ASU was issued to allow entities that have certain financial instruments within the scope of ASC 326-20 - “Financial Instruments - Credit Losses - Measured at Amortized Cost” to make an irrevocable election to elect the fair value option for those instruments in ASC 825-10 - “Financial Instruments - Overall” upon the adoption of ASC 326, which for the Company was January 1, 2023. The fair value option is not applicable to held-to-maturity debt securities. Entities are required to make this election on an instrument-by-instrument basis. The Company did not elect the fair value option for any of its financial assets upon the adoption of ASC 326 on January 1, 2023. The Company has developed an expected credit loss estimation model in accordance with ASC 326. The Company established a committee comprised of executive management and members of Accounting and Credit Administration and utilizes a third-party software provider specializing in CECL loss modeling. For loans evaluated collectively as a pool, the allowance for credit losses is calculated using the weighted average remaining maturity (“WARM”) method, as described more fully above. The Company’s model incorporates reasonable and supportable economic forecasts into the estimate of expected credit losses, which requires significant judgment. Effective January 1, 2023, the Company adopted the provisions of ASC 326 through the application of the modified retrospective transition approach, and recorded a net decrease of $1.6 million to the beginning balance of retained earnings as of January 1, 2023 for the cumulative effect adjustment. The following table illustrates the impact of adoption of the CECL methodology on the Company’s consolidated balance sheet as of January 1, 2023: Pre-CECL Adoption Impact of CECL As Reported Under CECL (in thousands) Assets: Allowance for credit losses on securities: Available-for-sale $ — $ — $ — Held-to-maturity — — — Allowance for credit losses - loans 10,765 1,811 12,576 Deferred tax assets 5,053 659 5,712 Liabilities: Allowance for credit losses for off-balance sheet commitments 94 421 515 Stockholders’ equity: Retained earnings 67,727 (1,573 ) 66,154 The Company’s assessment of held-to-maturity and available-for-sale investment securities as of January 1, 2023, indicated that an allowance for credit losses was not required. The Company determined the likelihood of default on held-to-maturity investment securities was remote, and the amount of expected non-repayment on those investments was zero. The Company also analyzed available-for-sale investment securities that were in an unrealized loss position as of January 1, 2023, and determined the decline in fair value for those securities was not related to credit, but rather related to changes in interest rates and general market conditions. As such, no allowance for credit losses was recorded for held-to-maturity and available-for-sale securities as of January 1, 2023. In February 2019, the U.S. federal bank regulatory agencies approved a final rule modifying their regulatory capital rules and providing an option to phase in over a three-year period the Day 1 adverse regulatory capital effects of ASU 2016-13. As a result, entities have the option to gradually phase in the full effect of CECL on regulatory capital over a three-year transition period. The Company elected to phase in the full effect of CECL on regulatory capital over the three-year transition period. In March 2022, the FASB issued ASU No. 2022-02, “Financial Instruments—Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures” (“ASU 2022-02”). ASU 2022-02 eliminates the accounting guidance for troubled debt restructurings while enhancing disclosure requirements for certain loan refinancings and restructurings by creditors when a borrower is experiencing financial difficulty. Under the provisions of this ASU, an entity must determine whether a modification results in a new loan or the continuation of an existing loan. Further, the amendments in this ASU require that an entity disclose current period gross charge-offs on loans by year of origination and class of financing receivable. This guidance became effective for the Company on January 1, 2023. The new guidance did not have a material impact on the Company’s consolidated financial statements; however, the required disclosures were added to the consolidated financial statements.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
	Mar. 31, 2023
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Components of Basic and Diluted Earnings Per Share	The components of basic and diluted earnings per share are as follows: Three Months Ended March 31, 2023 2022 (dollars in thousands, except per share amounts) Net income available to common stockholders $ 2,464 $ 3,960 Weighted average number of common shares outstanding - basic 8,813,554 8,661,795 Add: Dilutive effects of assumed exercises of stock options 171,509 187,413 Weighted average number of common shares outstanding - diluted 8,985,063 8,849,208 Earnings per share: Basic $ 0.28 $ 0.46 Diluted $ 0.27 $ 0.45
Impact of Adoption of CECL Methodology on Consolidated Balance Sheet	The following table illustrates the impact of adoption of the CECL methodology on the Company’s consolidated balance sheet as of January 1, 2023: Pre-CECL Adoption Impact of CECL As Reported Under CECL (in thousands) Assets: Allowance for credit losses on securities: Available-for-sale $ — $ — $ — Held-to-maturity — — — Allowance for credit losses - loans 10,765 1,811 12,576 Deferred tax assets 5,053 659 5,712 Liabilities: Allowance for credit losses for off-balance sheet commitments 94 421 515 Stockholders’ equity: Retained earnings 67,727 (1,573 ) 66,154

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	3 Months Ended
	Mar. 31, 2023
INVESTMENT SECURITIES [Abstract]
Amortized Cost and Estimated Fair Value of Investment Securities	The amortized cost and estimated fair value of investment securities are as follows: March 31, 2023 Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value Securities available-for-sale (in thousands) U.S. government agency notes $ 3,685 $ 18 $ — $ 3,703 U.S. government agency collateralized mortgage obligations (“CMO”) 4,384 — (175 ) 4,209 Corporate debt securities 9,250 — (1,629 ) 7,621 Total $ 17,319 $ 18 $ (1,804 ) $ 15,533 Securities held-to-maturity U.S. government agency mortgage-backed securities (“MBS”) $ 2,425 $ 5 $ (95 ) $ 2,335 Total $ 2,425 $ 5 $ (95 ) $ 2,335 Securities measured at fair value Equity securities: Farmer Mac class A stock $ 66 $ 200 $ — $ 266 Total $ 66 $ 200 $ — $ 266 December 31, 2022 Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value Securities available-for-sale (in thousands) U.S. government agency notes $ 4,081 $ 26 $ — $ 4,107 U.S. government agency CMO 4,475 — (179 ) 4,296 U.S. Treasury securities 9,984 — (14 ) 9,970 Corporate debt securities 9,250 — (935 ) 8,315 Total $ 27,790 $ 26 $ (1,128 ) $ 26,688 Securities held-to-maturity U.S. government agency MBS $ 2,557 $ 3 $ (137 ) $ 2,423 Total $ 2,557 $ 3 $ (137 ) $ 2,423 Securities measured at fair value Equity securities: Farmer Mac class A stock $ 66 $ 159 $ — $ 225 Total $ 66 $ 159 $ — $ 225
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: March 31, 2023 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 $ — — $ — — $ 506 4.85 % $ 3,197 5.58 % $ 3,703 5.48 % U.S. government agency CMO — — — — 464 3.70 % 3,745 5.09 % 4,209 4.94 % Corporate debt securities — — — — 7,621 3.74 % — — 7,621 3.74 % Total $ — — $ — — $ 8,591 3.80 % $ 6,942 5.32 % $ 15,533 4.48 % Securities held-to-maturity U.S. government agency MBS $ — — $ — — $ 742 3.60 % $ 1,683 3.79 % $ 2,425 3.73 % Total $ — — $ — — $ 742 3.60 % $ 1,683 3.79 % $ 2,425 3.73 % December 31, 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 $ — — $ — — $ 519 3.59 % $ 3,588 4.40 % $ 4,107 4.30 % U.S. government agency CMO — — — — — — 4,296 4.63 % 4,296 4.63 % U.S. Treasury securities 9,970 2.06 % — — — — — — 9,970 2.06 % Corporate debt securities — — — — 8,315 3.74 % — — 8,315 3.74 % Total $ 9,970 2.06 % $ — — $ 8,834 3.73 % $ 7,884 4.53 % $ 26,688 3.34 % Securities held-to-maturity U.S. government agency MBS $ — — $ — — $ 746 3.60 % $ 1,811 3.68 % $ 2,557 3.66 % Total $ — — $ — — $ 746 3.60 % $ 1,811 3.68 % $ 2,557 3.66 %
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: March 31, 2023 December 31, 2022 Amortized Cost Estimated Fair Value Amortized Cost Estimated Fair Value Securities available-for-sale (in thousands) Due in less than one year $ — $ — $ 9,984 $ 9,970 After one year through five years — — — — After five years through ten years 10,248 8,591 9,768 8,834 After ten years 7,071 6,942 8,038 7,884 Total $ 17,319 $ 15,533 $ 27,790 $ 26,688 Securities held-to-maturity Due in less than one year $ — $ — $ — $ — After one year through five years — — — — After five years through ten years 742 714 746 705 After ten years 1,683 1,621 1,811 1,718 Total $ 2,425 $ 2,335 $ 2,557 $ 2,423
Fair Value and Unrealized Losses of Securities in Unrealized Loss Position	As of March 31, 2023 and December 31, 2022, 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: March 31, 2023 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 $ (77 ) $ 2,039 $ (98 ) $ 2,170 $ (175 ) $ 4,209 Corporate debt securities (87 ) 1,414 (1,542 ) 6,207 (1,629 ) 7,621 Total $ (164 ) $ 3,453 $ (1,640 ) $ 8,377 $ (1,804 ) $ 11,830 Securities held-to-maturity U.S. government agency MBS $ (36 ) $ 1,335 $ (59 ) $ 686 $ (95 ) $ 2,021 Total $ (36 ) $ 1,335 $ (59 ) $ 686 $ (95 ) $ 2,021 December 31, 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 $ (130 ) $ 3,690 $ (49 ) $ 606 $ (179 ) $ 4,296 U.S. Treasury securities (14 ) 9,970 — — (14 ) 9,970 Corporate debt securities (764 ) 6,986 (171 ) 1,329 (935 ) 8,315 Total $ (908 ) $ 20,646 $ (220 ) $ 1,935 $ (1,128 ) $ 22,581 Securities held-to-maturity U.S. government agency MBS $ (137 ) $ 2,115 $ — $ — $ (137 ) $ 2,115 Total $ (137 ) $ 2,115 $ — $ — $ (137 ) $ 2,115

LOANS HELD FOR SALE AND LOANS_2

LOANS HELD FOR SALE AND LOANS SERVICED FOR OTHERS (Tables)	3 Months Ended
	Mar. 31, 2023
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: March 31, 2023 December 31, 2022 (in thousands) SBA $ 1,856 $ 1,926 USDA, FSA, and USDA Business and Industry — 735 Farmer Mac 154,006 155,522 Total loans serviced for others $ 155,862 $ 158,183

LOANS HELD FOR INVESTMENT (Tabl

LOANS HELD FOR INVESTMENT (Tables)	3 Months Ended
	Mar. 31, 2023
LOANS HELD FOR INVESTMENT [Abstract]
Composition of Loans Held for Investment Loan Portfolio	The composition of the Company’s loans held for investment loan portfolio follows: March 31, December 31, 2023 2022 (in thousands) Manufactured housing $ 315,326 $ 315,825 Commercial real estate 555,339 545,317 Commercial 46,278 59,070 SBA 2,283 3,482 HELOC 2,557 2,613 Single family real estate 9,610 8,709 Consumer 10 107 Gross loans held for investment 931,403 935,123 Deferred fees, net (928 ) (787 ) Discount on SBA loans (27 ) (27 ) Loans held for investment 930,448 934,309 Allowance for credit losses (12,065 ) (10,765 ) Loans held for investment, net $ 918,383 $ 923,544
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 as of March 31, 2023: March 31, 2023 Current 30-59 Days Past Due 60-89 Days Past Due Over 90 Days Past Due Total Past Due Total (in thousands) Manufactured housing $ 313,385 $ 1,499 $ — $ 442 $ 1,941 $ 315,326 Commercial real estate: Commercial real estate 487,132 1,147 — — 1,147 488,279 SBA 504 1st trust deed 12,812 — — — — 12,812 Land 10,405 — — — — 10,405 Construction 43,843 — — — — 43,843 Commercial 45,291 170 — 817 987 46,278 SBA 2,282 — — 1 1 2,283 HELOC 2,557 — — — — 2,557 Single family real estate 9,610 — — — — 9,610 Consumer 10 — — — — 10 Total $ 927,327 $ 2,816 $ — $ 1,260 $ 4,076 $ 931,403 The following table presents the contractual aging of the recorded investment in past due and nonaccrual held for investment loans by class of loans as of December 31, 2022: December 31, 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 $ 314,997 $ 665 $ 102 $ — $ 767 $ 61 $ 315,825 $ — Commercial real estate: Commercial real estate 481,599 1,160 — — 1,160 — 482,759 — SBA 504 1st trust deed 12,947 — — — — — 12,947 — Land 11,237 — — — — — 11,237 — Construction 38,374 — — — — — 38,374 — Commercial 59,070 — — — — — 59,070 — SBA 2,529 953 — — 953 — 3,482 — HELOC 2,613 — — — — — 2,613 — Single family real estate 8,559 — — — — 150 8,709 — Consumer 107 — — — — — 107 — Total $ 932,032 $ 2,778 $ 102 $ — $ 2,880 $ 211 $ 935,123 $ —
Composition of Nonaccrual Loans	The following table presents the composition of nonaccrual loans as of March 31, 2023: March 31, 2023 With an Allowance Without an Allowance Total (in thousands) Manufactured housing $ — $ 628 $ 628 Commercial — 817 817 Single family real estate — 148 148 Total $ — $ 1,593 $ 1,593
Analysis of Allowance for Loan Losses for Loans Held for Investment	The following table summarizes the changes in the ACL for the period indicated: For the Three Months Ended March 31, 2023 (in thousands) Manufactured Housing Commercial Real Estate Commercial SBA HELOC Single Family Real Estate Consumer Total Beginning balance, prior to adoption of ASC 326 $ 3,879 $ 5,980 $ 747 $ 21 $ 27 $ 107 $ 4 $ 10,765 Impact of adoption of ASC 326 1,671 31 70 (15 ) 17 39 (2 ) 1,811 Charge-offs — — — — — — — — Recoveries 59 19 14 4 — — — 96 Net recoveries 59 19 14 4 — — — 96 Provision (credit) for credit losses (127 ) (213 ) (269 ) (5 ) (2 ) 9 — (607 ) Ending balance $ 5,482 $ 5,817 $ 562 $ 5 $ 42 $ 155 $ 2 $ 12,065 The following table summarizes the changes in the allowance for loan losses for the period indicated, as determined in accordance with ASC 450 and ASC 310 (prior to the adoption of ASC 326): For the Three Months Ended March 31, 2022 (in thousands) Manufactured Housing Commercial Real Estate Commercial SBA HELOC Single Family Real Estate Consumer Total Beginning balance $ 2,606 $ 6,729 $ 923 $ 22 $ 18 $ 105 $ 1 $ 10,404 Charge-offs — — — — — — — — Recoveries 7 20 167 231 2 — — 427 Net recoveries 7 20 167 231 2 — — 427 Provision (credit) for loan losses 1,145 (703 ) (510 ) (231 ) 15 — — (284 ) Ending balance $ 3,758 $ 6,046 $ 580 $ 22 $ 35 $ 105 $ 1 $ 10,547
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 ACL by loan portfolio segment as of December 31, 2022 (prior to the adoption of ASC 326) Manufactured Housing Commercial Real Estate Commercial SBA HELOC Single Family Real Estate Consumer Total Loans (in thousands) Recorded Investment: Impaired loans with an allowance recorded $ 2,918 $ — $ — $ 41 $ — $ 209 $ — $ 3,168 Impaired loans with no allowance recorded 1,166 209 1,364 — — 150 — 2,889 Total loans individually evaluated for impairment 4,084 209 1,364 41 — 359 — 6,057 Loans collectively evaluated for impairment 311,741 545,108 57,706 3,441 2,613 8,350 107 929,066 Total loans held for investment $ 315,825 $ 545,317 $ 59,070 $ 3,482 $ 2,613 $ 8,709 $ 107 $ 935,123 Related Allowance for Loan Losses Loans individually evaluated for impairment 157 18 — 1 — 8 — 184 Loans collectively evaluated for impairment 3,722 5,962 747 20 27 99 4 10,581 Total allowance for loan losses $ 3,879 $ 5,980 $ 747 $ 21 $ 27 $ 107 $ 4 $ 10,765
Amortized Cost Basis of Collateral Dependent Loans By Class	The following table presents the amortized cost basis of collateral dependent loans by class of loans and by collateral type as of March 31, 2023: Manufactured Homes Single Family Residence Land Machinery & Equipment Total (in thousands) Manufactured housing $ 1,027 $ — $ — $ — $ 1,027 Commercial — — 817 1,247 2,064 Single family real estate — 148 — — 148 Total, $ 1,027 $ 148 $ 817 $ 1,247 $ 3,239
Gross Loans by Risk Rating	The following tables present the risk categories for gross loans by class of loans and by year of origination as of March 31, 2023: Term Loans Amortized Cost Basis by Origination Year 2023 2022 2021 2020 2019 Prior Revolving Total (in thousands) (Manufactured housing: Pass $ 9,219 $ 60,208 $ 52,919 $ 50,027 $ 25,939 $ 115,518 $ — $ 313,830 Substandard — — — — — 1,496 — 1,496 Total 9,219 60,208 52,919 50,027 25,939 117,014 — 315,326 Commercial real estate: Pass 14,032 152,327 123,166 64,535 48,535 120,146 16,321 539,062 Special mention — — — 2,167 4,185 1,026 — 7,378 Substandard — — — 1,053 — 7,346 500 8,899 Total 14,032 152,327 123,166 67,755 52,720 128,518 16,821 555,339 Commercial: Pass 123 7,681 3,131 1,361 1,034 16,421 10,983 40,734 Special mention — — 2,146 — — — — 2,146 Substandard — — — — — 3,398 — 3,398 Total 123 7,681 5,277 1,361 1,034 19,819 10,983 46,278 SBA: Pass — — 416 268 — 1,598 — 2,282 Doubtful — — — — — 1 — 1 Total — — 416 268 — 1,599 — 2,283 HELOC: Pass — — — — — — 2,557 2,557 Total — — — — — — 2,557 2,557 Single family real estate: Pass 705 1,133 2,119 2,015 758 2,728 — 9,458 Substandard — — — — — 152 — 152 Total 705 1,133 2,119 2,015 758 2,880 — 9,610 Consumer: Pass — — — — — 10 — 10 Total — — — — — 10 — 10 Total loans $ 24,079 $ 221,349 $ 183,897 $ 121,426 $ 80,451 $ 269,840 $ 30,361 $ 931,403 The following tables present gross loans by risk rating as of December 31, 2022 December 31, 2022 Pass Special Mention Substandard Doubtful Total (in thousands) Manufactured housing $ 314,771 $ — $ 1,054 $ — $ 315,825 Commercial real estate: Commercial real estate 460,110 13,381 8,008 — 481,499 SBA 504 1st trust deed 12,477 — 470 — 12,947 Land 11,237 — — — 11,237 Construction 38,374 — — — 38,374 Commercial 52,384 2,723 2,728 — 57,835 SBA 1,644 — — — 1,644 HELOC 2,613 — — — 2,613 Single family real estate 8,554 — 155 — 8,709 Consumer 107 — — — 107 Total, net 902,271 16,104 12,415 $ — 930,790 Government guaranteed loans 4,333 — — — 4,333 Total $ 906,604 $ 16,104 $ 12,415 $ — $ 935,123
Modifications to Borrowers Experiencing Financial Difficulty	The following table presents the amortized cost basis of loans at March 31, 2023 that were both experiencing financial difficulty and were modified during the three months ended March 31, 2023, by loan class and by type of modification; the only type of modification that was granted to borrowers that were experiencing financial difficulty during the three months ended March 31, 2023 was a term extension. The percentage of the amortized cost basis of loans that were modified to borrowers in financial distress as compared to the total amortized cost basis of the loan class, as well as the financial effects of the modifications, is presented below. For the Three Months Ended March 31, 2023 Amortized Cost of Modified Loans % of Total Class of Loans Term Extension (Weighted Average years) (dollars in thousands) Commercial real estate $ 2,445 0.45 % 5.00 Commercial 1,244 2.11 % 0.55 Total $ 3,689 0.39 % 2.05

OTHER ASSETS ACQUIRED THROUGH_2

OTHER ASSETS ACQUIRED THROUGH FORECLOSURE (Tables)	3 Months Ended
	Mar. 31, 2023
OTHER ASSETS ACQUIRED THROUGH FORECLOSURE [Abstract]
Other Assets Acquired through Foreclosure	The following table summarizes the changes in other assets acquired through foreclosure: Three Months Ended March 31, 2023 2022 (in thousands) Balance, beginning of period $ 2,250 $ 2,518 Proceeds from dispositions — (140 ) Gain (loss) on foreclosed assets, net — 11 Balance, end of period $ 2,250 $ 2,389

FAIR VALUE MEASUREMENT (Tables)

FAIR VALUE MEASUREMENT (Tables)	3 Months Ended
	Mar. 31, 2023
FAIR VALUE MEASUREMENT [Abstract]
Fair Value Measurements of Assets Measured on a Recurring Basis	The following tables summarize the fair value of assets measured on a recurring basis: Fair Value Measurements at the End of the March 31 2023 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 $ 266 $ — $ — $ 266 Investment securities available-for-sale U.S. government agency notes — 3,703 — 3,703 U.S. government agency CMO — 4,209 — 4,209 Corporate debt securities — 7,621 — 7,621 Interest only strips — — 7 7 Servicing assets — — 27 27 Total $ 266 $ 15,533 $ 34 $ 15,833 Fair Value Measurements at the End of the Reporting Period Using: December 31, 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 $ 225 $ — $ — $ 225 Investment securities available-for-sale U.S. government agency notes — 4,107 — 4,107 U.S. government agency CMO — 4,296 — 4,296 U.S. Treasury securities — 9,970 — 9,970 Corporate debt securities — 8,315 — 8,315 Interest only strips — — 7 7 Servicing assets — — 26 26 Total $ 225 $ 26,688 $ 33 $ 26,946
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 March 31, 2023 2022 Servicing Assets: Balance, beginning of period $ 26 44 Additions — — Amortization — — Valuation adjustments 1 — Balance, end of period $ 27 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) March 31 2023 Other assets acquired through foreclosure $ 2,250 $ — $ 2,250 $ — Total $ 2,250 $ — $ 2,250 $ — 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, 2022 Impaired loans $ 3,805 $ — $ 3,805 $ — Other assets acquired through foreclosure 2,250 — 2,250 — Total $ 6,055 $ — $ 6,055 $ —
Estimated Fair Values and Carrying Values of Financial Instruments	The estimated fair value of the Company’s financial instruments are as follows: March 31, 2023 Carrying Fair Value Amount Level 1 Level 2 Level 3 Total Financial assets: (in thousands) Cash and cash equivalents $ 167,875 $ 167,875 $ — $ — $ 167,875 FHLB and FRB stock 4,533 — 4,533 — 4,533 Investment securities - available-for-sale 15,533 — 15,533 — 15,533 Investment securities - held-to-maturity 2,425 — 2,335 — 2,335 Investment securities - measured at fair value 266 266 — — 266 Loans, net and loans held for sale 939,428 — 890,629 — 890,629 Accrued interest receivable 5,475 — 5,475 — 5,475 Servicing assets 1,434 — — 2,647 2,647 Interest only strips 7 — — 7 7 Financial liabilities: Deposits 920,804 — 915,283 — 915,283 FHLB advances 115,000 — 109,142 — 109,142 Accrued interest payable 424 — 424 — 424 December 31, 2022 Carrying Fair Value Amount Level 1 Level 2 Level 3 Total Financial assets: (in thousands) Cash and cash equivalents $ 64,690 $ 64,690 $ — $ — $ 64,690 FHLB and FRB stock 4,533 — 4,533 — 4,533 Investment securities - available-for-sale 26,688 — 26,688 — 26,688 Investment securities - held-to-maturity 2,557 — 2,423 — 2,423 Investment securities - measured at fair value 225 225 — — 225 Loans, net and loans held for sale 944,577 — 892,134 3,805 895,939 Accrued interest receivable 5,295 — 5,295 — 5,295 Servicing assets 1,480 — — 2,646 2,646 Interest only strips 7 — — 7 7 Financial liabilities: Deposits 875,084 — 867,697 — 867,697 FHLB advances 90,000 — 83,322 — 83,322 Accrued interest payable 126 — 126 — 126

BORROWINGS (Tables)

BORROWINGS (Tables)	3 Months Ended
	Mar. 31, 2023
BORROWINGS [Abstract]
Contractual Maturities of FHLB Advances	The following table presents the contractual maturities by year of FHLB advances as of March 31, 2023 (in thousands): Within one year $ 15,000 After one through two years — After two through three years 90,000 Total $ 105,000

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	3 Months Ended
	Mar. 31, 2023
STOCKHOLDERS' EQUITY [Abstract]
Changes in Other Comprehensive Income (Loss) by Component, Net of Tax	The following table summarizes the changes in other comprehensive income (loss) by component, net of tax for the period indicated: Three Months Ended March 31, 2023 2022 Unrealized holding gains (losses) on AFS (in thousands) Beginning balance $ (771 ) $ 92 Other comprehensive (loss) income before reclassifications (482 ) (250 ) Amounts reclassified from accumulated other comprehensive income — — Net current-period other comprehensive (loss) income (482 ) (250 ) Ending balance $ (1,253 ) $ (158 )

CAPITAL REQUIREMENTS (Tables)

CAPITAL REQUIREMENTS (Tables)	3 Months Ended
	Mar. 31, 2023
CAPITAL REQUIREMENTS [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 March 31, 2023 and December 31, 2022. Total Capital (To Risk- Weighted Assets) Tier 1 Capital (To Risk- Weighted Assets) Common Equity Tier 1 (To Risk- Weighted Assets) Leverage Ratio/Tier 1 Capital (To Average Assets) March 31 2023 CWB’s actual regulatory ratios 13.00 % 11.82 % 11.82 % 10.46 % 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 2022 CWB’s actual regulatory ratios 12.56 % 11.44 % 11.44 % 10.34 % Minimum capital requirements 8.00 % 6.00 % 4.50 % 4.00 % Well-capitalized requirements 10.00 % 8.00 % 6.50 % 5.00 %

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	3 Months Ended
	Mar. 31, 2023
REVENUE RECOGNITION [Abstract]
Non-Interest Income	The following table presents non-interest income, segregated by revenue streams in-scope and out-of-scope of Topic 606, for periods indicated. Non-interest income Three Months Ended March 31, 2023 2022 In-scope of Topic 606: (in thousands) Service charges on deposit accounts $ 134 $ 70 Exchange fees and other service charges 107 118 Non-interest income (in-scope of Topic 606) 241 188 Non-interest income (out-of-scope of Topic 606) 521 1,103 Total $ 762 $ 1,291

LEASES (Tables)

LEASES (Tables)	3 Months Ended
	Mar. 31, 2023
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 Three Months Ended March 31, 2023 2022 Lease cost: (in thousands) Operating lease cost $ 255 $ 250 Sublease income — — Total lease cost $ 255 $ 250 Other information: Operating cash flows from operating leases $ 253 $ 249 Weighted average remaining lease term - operating leases 6.84 years 8.04 years Weighted average discount rate - operating leases 3.26 % 3.26 %
Future Minimum Operating Lease Payments	Future minimum operating lease payments for the years shown are as follows (in thousands): 2023 $ 761 2024 1,026 2025 976 2026 876 2027 473 Thereafter 1,538 Total future minimum lease payments $ 5,650 Less remaining imputed interest 600 Total lease liabilities $ 5,050

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Allowance for Credit Losses and Loans Held for Investment (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Allowance for Credit Losses - Available-For-Sale ("AFS") and Held-To-Maturity ("HTM") Debt Securities [Abstract]
Period of delinquency after which a loan is placed in a nonaccrual status	90 days
Accrued interest receivable on available-for-sale securities	$ 122	$ 69
Minimum [Member]
Allowance for Credit Losses - Available-For-Sale ("AFS") and Held-To-Maturity ("HTM") Debt Securities [Abstract]
Period of delinquency after which a loan is placed in a nonaccrual status	90 days

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Basic and Diluted Earnings Per Share [Abstract]
Net income available to common stockholders	$ 2,464	$ 3,960
Weighted average number of common shares outstanding - basic (in shares)	8,813,554	8,661,795
Add: Dilutive effects of assumed exercises of stock options (in shares)	171,509	187,413
Weighted average number of common shares outstanding - diluted (in shares)	8,985,063	8,849,208
Earnings per share [Abstract]
Basic (in dollars per share)	$ 0.28	$ 0.46
Diluted (in dollars per share)	$ 0.27	$ 0.45
Stock Options [Member]
Antidilutive Securities [Abstract]
Antidilutive stock not considered in computing diluted earnings per common share (in shares)	112,672	83,122

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Recently Adopted Accounting Pronouncements (Details) - USD ($) $ in Thousands	Mar. 31, 2023		Dec. 31, 2022		Mar. 31, 2022	Dec. 31, 2021
Allowance for credit losses on securities [Abstract]
Available-for-sale	$ 0
Held-to-maturity	0
Allowance for credit losses - loans	12,065	[1]	$ 10,765	[1]	$ 10,547	$ 10,404
Liabilities [Abstract]
Allowance for credit losses for off-balance sheet commitments	400		94
Stockholders' Equity [Abstract]
Retained earnings	$ 67,914		67,727
Pre-CECL Adoption [Member]
Allowance for credit losses on securities [Abstract]
Available-for-sale			0
Held-to-maturity			0
Allowance for credit losses - loans			10,765
Deferred tax assets			5,053
Liabilities [Abstract]
Allowance for credit losses for off-balance sheet commitments			94
Stockholders' Equity [Abstract]
Retained earnings			67,727
ASU 2016-13 [Member]
Allowance for credit losses on securities [Abstract]
Available-for-sale			0
Held-to-maturity			0
Allowance for credit losses - loans			12,576
Deferred tax assets			5,712
Liabilities [Abstract]
Allowance for credit losses for off-balance sheet commitments			515
Stockholders' Equity [Abstract]
Retained earnings			66,154
ASU 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Allowance for credit losses on securities [Abstract]
Allowance for credit losses - loans			1,811
ASU 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Impact of CECL Adoption [Member]
Allowance for credit losses on securities [Abstract]
Available-for-sale			0
Held-to-maturity			0
Allowance for credit losses - loans			1,811
Deferred tax assets			659
Liabilities [Abstract]
Allowance for credit losses for off-balance sheet commitments			421
Stockholders' Equity [Abstract]
Retained earnings			$ (1,573)
[1]On January 1, 2023, the Company adopted the provisions of Accounting Standards Codification Topic 326. The allowance in 2023 is reported using the current expected credit loss (“CECL”) method. Periods prior to adoption are reported in accordance with previous GAAP using the incurred loss method.

INVESTMENT SECURITIES, Securiti

INVESTMENT SECURITIES, Securities Available-for-Sale (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Securities available-for-sale [Abstract]
Amortized cost	$ 17,319	$ 27,790
Gross unrealized gains	18	26
Gross unrealized (losses)	(1,804)	(1,128)
Fair value	15,533	26,688
U.S. Government Agency Notes [Member]
Securities available-for-sale [Abstract]
Amortized cost	3,685	4,081
Gross unrealized gains	18	26
Gross unrealized (losses)	0	0
Fair value	3,703	4,107
U.S. Government Agency Collateralized Mortgage Obligations ("CMO") [Member]
Securities available-for-sale [Abstract]
Amortized cost	4,384	4,475
Gross unrealized gains	0	0
Gross unrealized (losses)	(175)	(179)
Fair value	4,209	4,296
U.S. Treasury Securities [Member]
Securities available-for-sale [Abstract]
Amortized cost		9,984
Gross unrealized gains		0
Gross unrealized (losses)		(14)
Fair value		9,970
Corporate Debt Securities [Member]
Securities available-for-sale [Abstract]
Amortized cost	9,250	9,250
Gross unrealized gains	0	0
Gross unrealized (losses)	(1,629)	(935)
Fair value	$ 7,621	$ 8,315

INVESTMENT SECURITIES, Securi_2

INVESTMENT SECURITIES, Securities Held-to-Maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Securities held-to-maturity [Abstract]
Amortized cost	$ 2,425	$ 2,557
Gross unrealized gains	5	3
Gross unrealized (losses)	(95)	(137)
Fair value	2,335	2,423
U.S. Government Agency Mortgage Backed Securities ("MBS") [Member]
Securities held-to-maturity [Abstract]
Amortized cost	2,425	2,557
Gross unrealized gains	5	3
Gross unrealized (losses)	(95)	(137)
Fair value	$ 2,335	$ 2,423

INVESTMENT SECURITIES, Securi_3

INVESTMENT SECURITIES, Securities Measured at Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Securities measured at fair value [Abstract]
Amortized cost	$ 66	$ 66
Gross unrealized gains	200	159
Gross unrealized (losses)	0	0
Fair value	266	225
Equity Securities: Farmer Mac Class A Stock [Member]
Securities measured at fair value [Abstract]
Amortized cost	66	66
Gross unrealized gains	200	159
Gross unrealized losses	0	0
Fair value	$ 266	$ 225

INVESTMENT SECURITIES, Securi_4

INVESTMENT SECURITIES, Securities Pledged as Collateral (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
INVESTMENT SECURITIES [Abstract]
Securities pledged as collateral to the Federal Home Loan Bank ("FHLB")	$ 10.3	$ 21.1
Number of securities held by issuer greater than 10% of stockholders' equity	$ 0	$ 0

INVESTMENT SECURITIES, Maturity

INVESTMENT SECURITIES, Maturity Periods and Weighted Average Yields (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Maturity periods and weighted average yields of investment securities available-for-sale [Abstract]
Less than one year, amount	$ 0	$ 9,970
Less than one year, yield	0%	2.06%
One to five years, amount	$ 0	$ 0
One to five years, yield	0%	0%
Five to ten years, amount	$ 8,591	$ 8,834
Five to ten years, yield	3.80%	3.73%
Over ten years, amount	$ 6,942	$ 7,884
Over ten years, yield	5.32%	4.53%
Total amount	$ 15,533	$ 26,688
Total yield	4.48%	3.34%
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	$ 0
One to five years, yield	0%	0%
Five to ten years, amount	$ 742	$ 746
Five to ten years, yield	3.60%	3.60%
Over ten years, amount	$ 1,683	$ 1,811
Over ten years, yield	3.79%	3.68%
Total amount	$ 2,425	$ 2,557
Total yield	3.73%	3.66%
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	$ 0
One to five years, yield	0%	0%
Five to ten years, amount	$ 506	$ 519
Five to ten years, yield	4.85%	3.59%
Over ten years, amount	$ 3,197	$ 3,588
Over ten years, yield	5.58%	4.40%
Total amount	$ 3,703	$ 4,107
Total yield	5.48%	4.30%
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	$ 0
One to five years, yield	0%	0%
Five to ten years, amount	$ 464	$ 0
Five to ten years, yield	3.70%	0%
Over ten years, amount	$ 3,745	$ 4,296
Over ten years, yield	5.09%	4.63%
Total amount	$ 4,209	$ 4,296
Total yield	4.94%	4.63%
U.S. Treasury Securities [Member]
Maturity periods and weighted average yields of investment securities available-for-sale [Abstract]
Less than one year, amount		$ 9,970
Less than one year, yield		2.06%
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		$ 9,970
Total yield		2.06%
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	$ 0
One to five years, yield	0%	0%
Five to ten years, amount	$ 7,621	$ 8,315
Five to ten years, yield	3.74%	3.74%
Over ten years, amount	$ 0	$ 0
Over ten years, yield	0%	0%
Total amount	$ 7,621	$ 8,315
Total yield	3.74%	3.74%
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	$ 0
One to five years, yield	0%	0%
Five to ten years, amount	$ 742	$ 746
Five to ten years, yield	3.60%	3.60%
Over ten years, amount	$ 1,683	$ 1,811
Over ten years, yield	3.79%	3.68%
Total amount	$ 2,425	$ 2,557
Total yield	3.73%	3.66%

INVESTMENT SECURITIES, Investme

INVESTMENT SECURITIES, Investment Securities by Contractual Maturities (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Securities available-for-sale, Amortized Cost [Abstract]
Due in less than one year	$ 0	$ 9,984
After one year through five years	0	0
After five years through ten years	10,248	9,768
After ten years	7,071	8,038
Amortized cost	17,319	27,790
Securities available for sale, Estimated Fair Value [Abstract]
Due in less than one year	0	9,970
After one year through five years	0	0
After five years through ten years	8,591	8,834
After ten years	6,942	7,884
Estimated fair value	15,533	26,688
Securities held to maturity, Amortized Cost [Abstract]
Due in less than one year	0	0
After one year through five years	0	0
After five years through ten years	742	746
After ten years	1,683	1,811
Amortized cost	2,425	2,557
Securities held to maturity, Estimated Fair Value [Abstract]
Due in less than one year	0	0
After one year through five years	0	0
After five years through ten years	714	705
After ten years	1,621	1,718
Estimated fair value	$ 2,335	$ 2,423

INVESTMENT SECURITIES, Unrealiz

INVESTMENT SECURITIES, Unrealized Loss Positions (Details) $ in Thousands	Mar. 31, 2023 USD ($) Security	Dec. 31, 2022 USD ($) Security
Securities available-for-sale, continuous unrealized loss position [Abstract]
Less than twelve months, gross unrealized losses	$ (164)	$ (908)
More than twelve months, gross unrealized losses	(1,640)	(220)
Total, gross unrealized losses	(1,804)	(1,128)
Less than twelve months, fair value	3,453	20,646
More than twelve months, fair value	8,377	1,935
Total, fair value	11,830	22,581
Securities held-to-maturity, continuous unrealized loss position [Abstract]
Less than twelve months, gross unrealized losses	(36)	(137)
More than twelve months, gross unrealized losses	(59)	0
Total, gross unrealized losses	(95)	(137)
Less than twelve months, fair value	1,335	2,115
More than twelve months, fair value	686	0
Total, fair value	$ 2,021	$ 2,115
Securities in unrealized loss positions | Security	35	37
Accrued interest receivable on available-for-sale securities	$ 122	$ 69
Accrued interest receivable related to held-to-maturity securities	8	8
Available-for-sale securities on nonaccrual status	0	0
Held-to-maturity securities on nonaccrual status	0	0
Collateral dependent available-for-sale securities	0	0
Collateral dependent held-to-maturity securities	0	0
Allowance for credit losses on securities available-for-sale	0
Allowance for credit losses on securities held-to-maturity	0
Provision for credit losses recognized for investment securities	0
U.S. Government Agency CMO [Member]
Securities available-for-sale, continuous unrealized loss position [Abstract]
Less than twelve months, gross unrealized losses	(77)	(130)
More than twelve months, gross unrealized losses	(98)	(49)
Total, gross unrealized losses	(175)	(179)
Less than twelve months, fair value	2,039	3,690
More than twelve months, fair value	2,170	606
Total, fair value	4,209	4,296
U.S. Treasury Securities [Member]
Securities available-for-sale, continuous unrealized loss position [Abstract]
Less than twelve months, gross unrealized losses		(14)
More than twelve months, gross unrealized losses		0
Total, gross unrealized losses		(14)
Less than twelve months, fair value		9,970
More than twelve months, fair value		0
Total, fair value		9,970
Corporate Debt Securities [Member]
Securities available-for-sale, continuous unrealized loss position [Abstract]
Less than twelve months, gross unrealized losses	(87)	(764)
More than twelve months, gross unrealized losses	(1,542)	(171)
Total, gross unrealized losses	(1,629)	(935)
Less than twelve months, fair value	1,414	6,986
More than twelve months, fair value	6,207	1,329
Total, fair value	7,621	8,315
U.S. Government Agency MBS [Member]
Securities held-to-maturity, continuous unrealized loss position [Abstract]
Less than twelve months, gross unrealized losses	(36)	(137)
More than twelve months, gross unrealized losses	(59)	0
Total, gross unrealized losses	(95)	(137)
Less than twelve months, fair value	1,335	2,115
More than twelve months, fair value	686	0
Total, fair value	$ 2,021	$ 2,115

LOANS HELD FOR SALE AND LOANS_3

LOANS HELD FOR SALE AND LOANS SERVICED FOR OTHERS (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Loans Held for Sale and Serviced for Others [Abstract]
Loans included in loans held for sale	$ 21,045	$ 21,033
Loans serviced for others	155,862	158,183
SBA [Member]
Loans Held for Sale and Serviced for Others [Abstract]
Loans included in loans held for sale	4,800	5,200
Loans serviced for others	1,856	1,926
US Department of Agriculture [Member]
Loans Held for Sale and Serviced for Others [Abstract]
Loans included in loans held for sale	16,200	15,900
USDA, FSA, and USDA Business and Industry [Member]
Loans Held for Sale and Serviced for Others [Abstract]
Loans serviced for others	0	735
Farmer Mac [Member]
Loans Held for Sale and Serviced for Others [Abstract]
Loans serviced for others	$ 154,006	$ 155,522

LOANS HELD FOR INVESTMENT, Comp

LOANS HELD FOR INVESTMENT, Composition of Loans Held for Investment Portfolio (Details) - USD ($) $ in Thousands	Mar. 31, 2023		Dec. 31, 2022		Mar. 31, 2022	Dec. 31, 2021
Loans held for investment [Abstract]
Gross loans held for investment	$ 931,403		$ 935,123
Deferred fees, net	(928)		(787)
Discount on SBA loans	(27)		(27)
Loans held for investment	930,448		934,309
Allowance for credit losses	(12,065)	[1]	(10,765)	[1]	$ (10,547)	$ (10,404)
Total loans held for investment, net	918,383		923,544
Manufactured Housing [Member]
Loans held for investment [Abstract]
Gross loans held for investment	315,326		315,825
Allowance for credit losses	(5,482)		(3,879)		(3,758)	(2,606)
Commercial Real Estate [Member]
Loans held for investment [Abstract]
Gross loans held for investment	555,339		545,317
Allowance for credit losses	(5,817)		(5,980)		(6,046)	(6,729)
Commercial [Member]
Loans held for investment [Abstract]
Gross loans held for investment	46,278		59,070
Allowance for credit losses	(562)		(747)		(580)	(923)
SBA [Member]
Loans held for investment [Abstract]
Gross loans held for investment	2,283		3,482
Allowance for credit losses	(5)		(21)		(22)	(22)
HELOC [Member]
Loans held for investment [Abstract]
Gross loans held for investment	2,557		2,613
Allowance for credit losses	(42)		(27)		(35)	(18)
Single Family Real Estate [Member]
Loans held for investment [Abstract]
Gross loans held for investment	9,610		8,709
Allowance for credit losses	(155)		(107)		(105)	(105)
Consumer [Member]
Loans held for investment [Abstract]
Gross loans held for investment	10		107
Allowance for credit losses	$ (2)		$ (4)		$ (1)	$ (1)
[1]On January 1, 2023, the Company adopted the provisions of Accounting Standards Codification Topic 326. The allowance in 2023 is reported using the current expected credit loss (“CECL”) method. Periods prior to adoption are reported in accordance with previous GAAP using the incurred loss method.

LOANS HELD FOR INVESTMENT, Fina

LOANS HELD FOR INVESTMENT, Financing Receivables Past Due (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	$ 931,403		$ 935,123
Nonaccrual	1,593		211
Recorded investment over 90 days and accruing			0
Composition of Nonaccrual Loans [Abstract]
With an allowance	0
Without an allowance	1,593
Nonaccrual loans	$ 1,593		211
Period past due after which accrual of interest is discontinued	90 days
Foregone interest on nonaccrual loans	$ 140	$ 13
Accrued interest receivable related to loans	5,100		5,100
Loans past due by 90 days or more that were not on nonaccrual status			0
Current [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	927,327		932,032
Total Past Due [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	4,076		2,880
30-59 Days Past Due [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	2,816		2,778
60-89 Days Past Due [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	0		102
Over 90 Days Past Due [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	1,260		0
Recorded investment over 90 days and accruing	0
Composition of Nonaccrual Loans [Abstract]
Loans past due by 90 days or more that were not on nonaccrual status	0
Manufactured Housing [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	315,326		315,825
Nonaccrual	628		61
Recorded investment over 90 days and accruing			0
Composition of Nonaccrual Loans [Abstract]
With an allowance	0
Without an allowance	628
Nonaccrual loans	628		61
Loans past due by 90 days or more that were not on nonaccrual status			0
Manufactured Housing [Member] | Current [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	313,385		314,997
Manufactured Housing [Member] | Total Past Due [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	1,941		767
Manufactured Housing [Member] | 30-59 Days Past Due [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	1,499		665
Manufactured Housing [Member] | 60-89 Days Past Due [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	0		102
Manufactured Housing [Member] | Over 90 Days Past Due [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	442		0
Commercial Real Estate [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	555,339		545,317
Commercial Real Estate [Member] | Commercial Real Estate [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	488,279		482,759
Nonaccrual			0
Recorded investment over 90 days and accruing			0
Composition of Nonaccrual Loans [Abstract]
Nonaccrual loans			0
Loans past due by 90 days or more that were not on nonaccrual status			0
Commercial Real Estate [Member] | Commercial Real Estate [Member] | Current [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	487,132		481,599
Commercial Real Estate [Member] | Commercial Real Estate [Member] | Total Past Due [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	1,147		1,160
Commercial Real Estate [Member] | Commercial Real Estate [Member] | 30-59 Days Past Due [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	1,147		1,160
Commercial Real Estate [Member] | Commercial Real Estate [Member] | 60-89 Days Past Due [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	0		0
Commercial Real Estate [Member] | Commercial Real Estate [Member] | Over 90 Days Past Due [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	0		0
Commercial Real Estate [Member] | SBA 504 1st Trust Deed [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	12,812		12,947
Nonaccrual			0
Recorded investment over 90 days and accruing			0
Composition of Nonaccrual Loans [Abstract]
Nonaccrual loans			0
Loans past due by 90 days or more that were not on nonaccrual status			0
Commercial Real Estate [Member] | SBA 504 1st Trust Deed [Member] | Current [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	12,812		12,947
Commercial Real Estate [Member] | SBA 504 1st Trust Deed [Member] | Total Past Due [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	0		0
Commercial Real Estate [Member] | SBA 504 1st Trust Deed [Member] | 30-59 Days Past Due [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	0		0
Commercial Real Estate [Member] | SBA 504 1st Trust Deed [Member] | 60-89 Days Past Due [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	0		0
Commercial Real Estate [Member] | SBA 504 1st Trust Deed [Member] | Over 90 Days Past Due [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	0		0
Commercial Real Estate [Member] | Land [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	10,405		11,237
Nonaccrual			0
Recorded investment over 90 days and accruing			0
Composition of Nonaccrual Loans [Abstract]
Nonaccrual loans			0
Loans past due by 90 days or more that were not on nonaccrual status			0
Commercial Real Estate [Member] | Land [Member] | Current [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	10,405		11,237
Commercial Real Estate [Member] | Land [Member] | Total Past Due [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	0		0
Commercial Real Estate [Member] | Land [Member] | 30-59 Days Past Due [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	0		0
Commercial Real Estate [Member] | Land [Member] | 60-89 Days Past Due [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	0		0
Commercial Real Estate [Member] | Land [Member] | Over 90 Days Past Due [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	0		0
Commercial Real Estate [Member] | Construction [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	43,843		38,374
Nonaccrual			0
Recorded investment over 90 days and accruing			0
Composition of Nonaccrual Loans [Abstract]
Nonaccrual loans			0
Loans past due by 90 days or more that were not on nonaccrual status			0
Commercial Real Estate [Member] | Construction [Member] | Current [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	43,843		38,374
Commercial Real Estate [Member] | Construction [Member] | Total Past Due [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	0		0
Commercial Real Estate [Member] | Construction [Member] | 30-59 Days Past Due [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	0		0
Commercial Real Estate [Member] | Construction [Member] | 60-89 Days Past Due [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	0		0
Commercial Real Estate [Member] | Construction [Member] | Over 90 Days Past Due [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	0		0
Commercial [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	46,278		59,070
Nonaccrual	817		0
Recorded investment over 90 days and accruing			0
Composition of Nonaccrual Loans [Abstract]
With an allowance	0
Without an allowance	817
Nonaccrual loans	817		0
Loans past due by 90 days or more that were not on nonaccrual status			0
Commercial [Member] | Current [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	45,291		59,070
Commercial [Member] | Total Past Due [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	987		0
Commercial [Member] | 30-59 Days Past Due [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	170		0
Commercial [Member] | 60-89 Days Past Due [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	0		0
Commercial [Member] | Over 90 Days Past Due [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	817		0
SBA [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	2,283		3,482
Nonaccrual			0
Recorded investment over 90 days and accruing			0
Composition of Nonaccrual Loans [Abstract]
Nonaccrual loans			0
Loans past due by 90 days or more that were not on nonaccrual status			0
SBA [Member] | Current [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	2,282		2,529
SBA [Member] | Total Past Due [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	1		953
SBA [Member] | 30-59 Days Past Due [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	0		953
SBA [Member] | 60-89 Days Past Due [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	0		0
SBA [Member] | Over 90 Days Past Due [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	1		0
HELOC [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	2,557		2,613
Nonaccrual			0
Recorded investment over 90 days and accruing			0
Composition of Nonaccrual Loans [Abstract]
Nonaccrual loans			0
Loans past due by 90 days or more that were not on nonaccrual status			0
HELOC [Member] | Current [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	2,557		2,613
HELOC [Member] | Total Past Due [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	0		0
HELOC [Member] | 30-59 Days Past Due [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	0		0
HELOC [Member] | 60-89 Days Past Due [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	0		0
HELOC [Member] | Over 90 Days Past Due [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	0		0
Single Family Real Estate [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	9,610		8,709
Nonaccrual	148		150
Recorded investment over 90 days and accruing			0
Composition of Nonaccrual Loans [Abstract]
With an allowance	0
Without an allowance	148
Nonaccrual loans	148		150
Loans past due by 90 days or more that were not on nonaccrual status			0
Single Family Real Estate [Member] | Current [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	9,610		8,559
Single Family Real Estate [Member] | Total Past Due [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	0		0
Single Family Real Estate [Member] | 30-59 Days Past Due [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	0		0
Single Family Real Estate [Member] | 60-89 Days Past Due [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	0		0
Single Family Real Estate [Member] | Over 90 Days Past Due [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	0		0
Consumer [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	10		107
Nonaccrual			0
Recorded investment over 90 days and accruing			0
Composition of Nonaccrual Loans [Abstract]
Nonaccrual loans			0
Loans past due by 90 days or more that were not on nonaccrual status			0
Consumer [Member] | Current [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	10		107
Consumer [Member] | Total Past Due [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	0		0
Consumer [Member] | 30-59 Days Past Due [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	0		0
Consumer [Member] | 60-89 Days Past Due [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	0		0
Consumer [Member] | Over 90 Days Past Due [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	$ 0		$ 0

LOANS HELD FOR INVESTMENT, Allo

LOANS HELD FOR INVESTMENT, Allowance for Credit Losses by Portfolio Type (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023		Mar. 31, 2022	Dec. 31, 2022
Summary of allowance for loan losses [Roll Forward]
Beginning balance	$ 10,765	[1]	$ 10,404
Charge-offs	0		0
Recoveries	96		427
Net recoveries	96		427
Provision (credit) for credit loan losses	(607)		(284)
Ending balance	12,065	[1]	10,547
Increase in ACL on loans	1,300
Decline in allowance for credit losses due to qualitative factors	(390)
Allowance for credit losses for off-balance sheet commitments	400			$ 94
Provision (credit) for credit losses associated with the allowance for off-balance sheet commitments	(115)		(5)
Loans individually evaluated	3,800			6,057
Discounted Cash Flow [Member]
Summary of allowance for loan losses [Roll Forward]
Loans individually evaluated	500
Amount of reserve associated with ACL attributable to individually evaluated loans	9
Collateral [Member]
Summary of allowance for loan losses [Roll Forward]
Loans individually evaluated	3,200
ASU 2016-13 [Member]
Summary of allowance for loan losses [Roll Forward]
Beginning balance	12,576
Allowance for credit losses for off-balance sheet commitments				515
Period of Adoption [Member] | ASU 2016-13 [Member]
Summary of allowance for loan losses [Roll Forward]
Beginning balance	1,811
Manufactured Housing [Member]
Summary of allowance for loan losses [Roll Forward]
Beginning balance	3,879		2,606
Charge-offs	0		0
Recoveries	59		7
Net recoveries	59		7
Provision (credit) for credit loan losses	(127)		1,145
Ending balance	5,482		3,758
Loans individually evaluated				4,084
Manufactured Housing [Member] | Period of Adoption [Member] | ASU 2016-13 [Member]
Summary of allowance for loan losses [Roll Forward]
Beginning balance	1,671
Commercial Real Estate [Member]
Summary of allowance for loan losses [Roll Forward]
Beginning balance	5,980		6,729
Charge-offs	0		0
Recoveries	19		20
Net recoveries	19		20
Provision (credit) for credit loan losses	(213)		(703)
Ending balance	5,817		6,046
Loans individually evaluated				209
Commercial Real Estate [Member] | Period of Adoption [Member] | ASU 2016-13 [Member]
Summary of allowance for loan losses [Roll Forward]
Beginning balance	31
Commercial [Member]
Summary of allowance for loan losses [Roll Forward]
Beginning balance	747		923
Charge-offs	0		0
Recoveries	14		167
Net recoveries	14		167
Provision (credit) for credit loan losses	(269)		(510)
Ending balance	562		580
Loans individually evaluated				1,364
Commercial [Member] | Period of Adoption [Member] | ASU 2016-13 [Member]
Summary of allowance for loan losses [Roll Forward]
Beginning balance	70
SBA [Member]
Summary of allowance for loan losses [Roll Forward]
Beginning balance	21		22
Charge-offs	0		0
Recoveries	4		231
Net recoveries	4		231
Provision (credit) for credit loan losses	(5)		(231)
Ending balance	5		22
Loans individually evaluated				41
SBA [Member] | Period of Adoption [Member] | ASU 2016-13 [Member]
Summary of allowance for loan losses [Roll Forward]
Beginning balance	(15)
HELOC [Member]
Summary of allowance for loan losses [Roll Forward]
Beginning balance	27		18
Charge-offs	0		0
Recoveries	0		2
Net recoveries	0		2
Provision (credit) for credit loan losses	(2)		15
Ending balance	42		35
Loans individually evaluated				0
HELOC [Member] | Period of Adoption [Member] | ASU 2016-13 [Member]
Summary of allowance for loan losses [Roll Forward]
Beginning balance	17
Single Family Real Estate [Member]
Summary of allowance for loan losses [Roll Forward]
Beginning balance	107		105
Charge-offs	0		0
Recoveries	0		0
Net recoveries	0		0
Provision (credit) for credit loan losses	9		0
Ending balance	155		105
Loans individually evaluated				359
Single Family Real Estate [Member] | Period of Adoption [Member] | ASU 2016-13 [Member]
Summary of allowance for loan losses [Roll Forward]
Beginning balance	39
Consumer [Member]
Summary of allowance for loan losses [Roll Forward]
Beginning balance	4		1
Charge-offs	0		0
Recoveries	0		0
Net recoveries	0		0
Provision (credit) for credit loan losses	0		0
Ending balance	2		$ 1
Loans individually evaluated				$ 0
Consumer [Member] | Period of Adoption [Member] | ASU 2016-13 [Member]
Summary of allowance for loan losses [Roll Forward]
Beginning balance	$ (2)
[1]On January 1, 2023, the Company adopted the provisions of Accounting Standards Codification Topic 326. The allowance in 2023 is reported using the current expected credit loss (“CECL”) method. Periods prior to adoption are reported in accordance with previous GAAP using the incurred loss method.

LOANS HELD FOR INVESTMENT, Amor

LOANS HELD FOR INVESTMENT, Amortized Cost basis of Collateral Dependent Loans by Class of Loans and by Collateral Type (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Collateral Dependent Loans by Class of Loans and by Collateral Type [Abstract]
Loans	$ 931,403	$ 935,123
Manufactured Housing [Member]
Collateral Dependent Loans by Class of Loans and by Collateral Type [Abstract]
Loans	315,326	315,825
Commercial [Member]
Collateral Dependent Loans by Class of Loans and by Collateral Type [Abstract]
Loans	46,278	59,070
Single Family Real Estate [Member]
Collateral Dependent Loans by Class of Loans and by Collateral Type [Abstract]
Loans	9,610	$ 8,709
Collateral [Member]
Collateral Dependent Loans by Class of Loans and by Collateral Type [Abstract]
Loans	3,239
Collateral [Member] | Manufactured Housing [Member]
Collateral Dependent Loans by Class of Loans and by Collateral Type [Abstract]
Loans	1,027
Collateral [Member] | Commercial [Member]
Collateral Dependent Loans by Class of Loans and by Collateral Type [Abstract]
Loans	2,064
Collateral [Member] | Single Family Real Estate [Member]
Collateral Dependent Loans by Class of Loans and by Collateral Type [Abstract]
Loans	148
Manufactured Homes [Member]
Collateral Dependent Loans by Class of Loans and by Collateral Type [Abstract]
Loans	1,027
Manufactured Homes [Member] | Manufactured Housing [Member]
Collateral Dependent Loans by Class of Loans and by Collateral Type [Abstract]
Loans	1,027
Manufactured Homes [Member] | Commercial [Member]
Collateral Dependent Loans by Class of Loans and by Collateral Type [Abstract]
Loans	0
Manufactured Homes [Member] | Single Family Real Estate [Member]
Collateral Dependent Loans by Class of Loans and by Collateral Type [Abstract]
Loans	0
Single Family Residence [Member]
Collateral Dependent Loans by Class of Loans and by Collateral Type [Abstract]
Loans	148
Single Family Residence [Member] | Manufactured Housing [Member]
Collateral Dependent Loans by Class of Loans and by Collateral Type [Abstract]
Loans	0
Single Family Residence [Member] | Commercial [Member]
Collateral Dependent Loans by Class of Loans and by Collateral Type [Abstract]
Loans	0
Single Family Residence [Member] | Single Family Real Estate [Member]
Collateral Dependent Loans by Class of Loans and by Collateral Type [Abstract]
Loans	148
Land [Member]
Collateral Dependent Loans by Class of Loans and by Collateral Type [Abstract]
Loans	817
Land [Member] | Manufactured Housing [Member]
Collateral Dependent Loans by Class of Loans and by Collateral Type [Abstract]
Loans	0
Land [Member] | Commercial [Member]
Collateral Dependent Loans by Class of Loans and by Collateral Type [Abstract]
Loans	817
Land [Member] | Single Family Real Estate [Member]
Collateral Dependent Loans by Class of Loans and by Collateral Type [Abstract]
Loans	0
Machinery & Equipment [Member]
Collateral Dependent Loans by Class of Loans and by Collateral Type [Abstract]
Loans	1,247
Machinery & Equipment [Member] | Manufactured Housing [Member]
Collateral Dependent Loans by Class of Loans and by Collateral Type [Abstract]
Loans	0
Machinery & Equipment [Member] | Commercial [Member]
Collateral Dependent Loans by Class of Loans and by Collateral Type [Abstract]
Loans	1,247
Machinery & Equipment [Member] | Single Family Real Estate [Member]
Collateral Dependent Loans by Class of Loans and by Collateral Type [Abstract]
Loans	$ 0

LOANS HELD FOR INVESTMENT, Impa

LOANS HELD FOR INVESTMENT, Impaired Financing Receivables (Details) - USD ($) $ in Thousands	Mar. 31, 2023		Dec. 31, 2022		Mar. 31, 2022	Dec. 31, 2021
Recorded Investment [Abstract]
Impaired loans with an allowance recorded			$ 3,168
Impaired loans with no allowance recorded			2,889
Total loans individually evaluated for impairment	$ 3,800		6,057
Loans collectively evaluated for impairment			929,066
Total loans held for investment	931,403		935,123
Related Allowance for Loan Losses [Abstract]
Loans individually evaluated for impairment			184
Loans collectively evaluated for impairment			10,581
Total allowance for loan losses	12,065	[1]	10,765	[1]	$ 10,547	$ 10,404
Manufactured Housing [Member]
Recorded Investment [Abstract]
Impaired loans with an allowance recorded			2,918
Impaired loans with no allowance recorded			1,166
Total loans individually evaluated for impairment			4,084
Loans collectively evaluated for impairment			311,741
Total loans held for investment	315,326		315,825
Related Allowance for Loan Losses [Abstract]
Loans individually evaluated for impairment			157
Loans collectively evaluated for impairment			3,722
Total allowance for loan losses	5,482		3,879		3,758	2,606
Commercial Real Estate [Member]
Recorded Investment [Abstract]
Impaired loans with an allowance recorded			0
Impaired loans with no allowance recorded			209
Total loans individually evaluated for impairment			209
Loans collectively evaluated for impairment			545,108
Total loans held for investment	555,339		545,317
Related Allowance for Loan Losses [Abstract]
Loans individually evaluated for impairment			18
Loans collectively evaluated for impairment			5,962
Total allowance for loan losses	5,817		5,980		6,046	6,729
Commercial [Member]
Recorded Investment [Abstract]
Impaired loans with an allowance recorded			0
Impaired loans with no allowance recorded			1,364
Total loans individually evaluated for impairment			1,364
Loans collectively evaluated for impairment			57,706
Total loans held for investment	46,278		59,070
Related Allowance for Loan Losses [Abstract]
Loans individually evaluated for impairment			0
Loans collectively evaluated for impairment			747
Total allowance for loan losses	562		747		580	923
SBA [Member]
Recorded Investment [Abstract]
Impaired loans with an allowance recorded			41
Impaired loans with no allowance recorded			0
Total loans individually evaluated for impairment			41
Loans collectively evaluated for impairment			3,441
Total loans held for investment	2,283		3,482
Related Allowance for Loan Losses [Abstract]
Loans individually evaluated for impairment			1
Loans collectively evaluated for impairment			20
Total allowance for loan losses	5		21		22	22
HELOC [Member]
Recorded Investment [Abstract]
Impaired loans with an allowance recorded			0
Impaired loans with no allowance recorded			0
Total loans individually evaluated for impairment			0
Loans collectively evaluated for impairment			2,613
Total loans held for investment	2,557		2,613
Related Allowance for Loan Losses [Abstract]
Loans individually evaluated for impairment			0
Loans collectively evaluated for impairment			27
Total allowance for loan losses	42		27		35	18
Single Family Real Estate [Member]
Recorded Investment [Abstract]
Impaired loans with an allowance recorded			209
Impaired loans with no allowance recorded			150
Total loans individually evaluated for impairment			359
Loans collectively evaluated for impairment			8,350
Total loans held for investment	9,610		8,709
Related Allowance for Loan Losses [Abstract]
Loans individually evaluated for impairment			8
Loans collectively evaluated for impairment			99
Total allowance for loan losses	155		107		105	105
Consumer [Member]
Recorded Investment [Abstract]
Impaired loans with an allowance recorded			0
Impaired loans with no allowance recorded			0
Total loans individually evaluated for impairment			0
Loans collectively evaluated for impairment			107
Total loans held for investment	10		107
Related Allowance for Loan Losses [Abstract]
Loans individually evaluated for impairment			0
Loans collectively evaluated for impairment			4
Total allowance for loan losses	$ 2		$ 4		$ 1	$ 1
[1]On January 1, 2023, the Company adopted the provisions of Accounting Standards Codification Topic 326. The allowance in 2023 is reported using the current expected credit loss (“CECL”) method. Periods prior to adoption are reported in accordance with previous GAAP using the incurred loss method.

LOANS HELD FOR INVESTMENT, Risk

LOANS HELD FOR INVESTMENT, Risk Categories for Gross Loans by Class of Loans and by Year of Origination (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Financing Receivable Risk Category of Loans by Class and by Year of Origination [Abstract]
2023	$ 24,079
2022	221,349
2021	183,897
2020	121,426
2019	80,451
Prior	269,840
Revolving	30,361
Total loans held for investment	931,403	$ 935,123
Pass [Member]
Financing Receivable Risk Category of Loans by Class and by Year of Origination [Abstract]
Total loans held for investment		906,604
Special Mention [Member]
Financing Receivable Risk Category of Loans by Class and by Year of Origination [Abstract]
Total loans held for investment		16,104
Substandard [Member]
Financing Receivable Risk Category of Loans by Class and by Year of Origination [Abstract]
Total loans held for investment		12,415
Doubtful [Member]
Financing Receivable Risk Category of Loans by Class and by Year of Origination [Abstract]
Total loans held for investment		0
Manufactured Housing [Member]
Financing Receivable Risk Category of Loans by Class and by Year of Origination [Abstract]
2023	9,219
2022	60,208
2021	52,919
2020	50,027
2019	25,939
Prior	117,014
Revolving	0
Total loans held for investment	315,326	315,825
Manufactured Housing [Member] | Pass [Member]
Financing Receivable Risk Category of Loans by Class and by Year of Origination [Abstract]
2023	9,219
2022	60,208
2021	52,919
2020	50,027
2019	25,939
Prior	115,518
Revolving	0
Total loans held for investment	313,830	314,771
Manufactured Housing [Member] | Special Mention [Member]
Financing Receivable Risk Category of Loans by Class and by Year of Origination [Abstract]
Total loans held for investment		0
Manufactured Housing [Member] | Substandard [Member]
Financing Receivable Risk Category of Loans by Class and by Year of Origination [Abstract]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	1,496
Revolving	0
Total loans held for investment	1,496	1,054
Manufactured Housing [Member] | Doubtful [Member]
Financing Receivable Risk Category of Loans by Class and by Year of Origination [Abstract]
Total loans held for investment		0
Commercial Real Estate [Member]
Financing Receivable Risk Category of Loans by Class and by Year of Origination [Abstract]
2023	14,032
2022	152,327
2021	123,166
2020	67,755
2019	52,720
Prior	128,518
Revolving	16,821
Total loans held for investment	555,339	545,317
Commercial Real Estate [Member] | Pass [Member]
Financing Receivable Risk Category of Loans by Class and by Year of Origination [Abstract]
2023	14,032
2022	152,327
2021	123,166
2020	64,535
2019	48,535
Prior	120,146
Revolving	16,321
Total loans held for investment	539,062
Commercial Real Estate [Member] | Special Mention [Member]
Financing Receivable Risk Category of Loans by Class and by Year of Origination [Abstract]
2023	0
2022	0
2021	0
2020	2,167
2019	4,185
Prior	1,026
Revolving	0
Total loans held for investment	7,378
Commercial Real Estate [Member] | Substandard [Member]
Financing Receivable Risk Category of Loans by Class and by Year of Origination [Abstract]
2023	0
2022	0
2021	0
2020	1,053
2019	0
Prior	7,346
Revolving	500
Total loans held for investment	8,899
Commercial [Member]
Financing Receivable Risk Category of Loans by Class and by Year of Origination [Abstract]
2023	123
2022	7,681
2021	5,277
2020	1,361
2019	1,034
Prior	19,819
Revolving	10,983
Total loans held for investment	46,278	59,070
Commercial [Member] | Pass [Member]
Financing Receivable Risk Category of Loans by Class and by Year of Origination [Abstract]
2023	123
2022	7,681
2021	3,131
2020	1,361
2019	1,034
Prior	16,421
Revolving	10,983
Total loans held for investment	40,734
Commercial [Member] | Special Mention [Member]
Financing Receivable Risk Category of Loans by Class and by Year of Origination [Abstract]
2023	0
2022	0
2021	2,146
2020	0
2019	0
Prior	0
Revolving	0
Total loans held for investment	2,146
Commercial [Member] | Substandard [Member]
Financing Receivable Risk Category of Loans by Class and by Year of Origination [Abstract]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	3,398
Revolving	0
Total loans held for investment	3,398
SBA [Member]
Financing Receivable Risk Category of Loans by Class and by Year of Origination [Abstract]
2023	0
2022	0
2021	416
2020	268
2019	0
Prior	1,599
Revolving	0
Total loans held for investment	2,283	3,482
SBA [Member] | Pass [Member]
Financing Receivable Risk Category of Loans by Class and by Year of Origination [Abstract]
2023	0
2022	0
2021	416
2020	268
2019	0
Prior	1,598
Revolving	0
Total loans held for investment	2,282
SBA [Member] | Doubtful [Member]
Financing Receivable Risk Category of Loans by Class and by Year of Origination [Abstract]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	1
Revolving	0
Total loans held for investment	1
HELOC [Member]
Financing Receivable Risk Category of Loans by Class and by Year of Origination [Abstract]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving	2,557
Total loans held for investment	2,557	2,613
HELOC [Member] | Pass [Member]
Financing Receivable Risk Category of Loans by Class and by Year of Origination [Abstract]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving	2,557
Total loans held for investment	2,557	2,613
HELOC [Member] | Special Mention [Member]
Financing Receivable Risk Category of Loans by Class and by Year of Origination [Abstract]
Total loans held for investment		0
HELOC [Member] | Substandard [Member]
Financing Receivable Risk Category of Loans by Class and by Year of Origination [Abstract]
Total loans held for investment		0
HELOC [Member] | Doubtful [Member]
Financing Receivable Risk Category of Loans by Class and by Year of Origination [Abstract]
Total loans held for investment		0
Single Family Real Estate [Member]
Financing Receivable Risk Category of Loans by Class and by Year of Origination [Abstract]
2023	705
2022	1,133
2021	2,119
2020	2,015
2019	758
Prior	2,880
Revolving	0
Total loans held for investment	9,610	8,709
Single Family Real Estate [Member] | Pass [Member]
Financing Receivable Risk Category of Loans by Class and by Year of Origination [Abstract]
2023	705
2022	1,133
2021	2,119
2020	2,015
2019	758
Prior	2,728
Revolving	0
Total loans held for investment	9,458	8,554
Single Family Real Estate [Member] | Special Mention [Member]
Financing Receivable Risk Category of Loans by Class and by Year of Origination [Abstract]
Total loans held for investment		0
Single Family Real Estate [Member] | Substandard [Member]
Financing Receivable Risk Category of Loans by Class and by Year of Origination [Abstract]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	152
Revolving	0
Total loans held for investment	152	155
Single Family Real Estate [Member] | Doubtful [Member]
Financing Receivable Risk Category of Loans by Class and by Year of Origination [Abstract]
Total loans held for investment		0
Consumer [Member]
Financing Receivable Risk Category of Loans by Class and by Year of Origination [Abstract]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	10
Revolving	0
Total loans held for investment	10	107
Consumer [Member] | Pass [Member]
Financing Receivable Risk Category of Loans by Class and by Year of Origination [Abstract]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	10
Revolving	0
Total loans held for investment	$ 10	107
Consumer [Member] | Special Mention [Member]
Financing Receivable Risk Category of Loans by Class and by Year of Origination [Abstract]
Total loans held for investment		0
Consumer [Member] | Substandard [Member]
Financing Receivable Risk Category of Loans by Class and by Year of Origination [Abstract]
Total loans held for investment		0
Consumer [Member] | Doubtful [Member]
Financing Receivable Risk Category of Loans by Class and by Year of Origination [Abstract]
Total loans held for investment		$ 0

LOANS HELD FOR INVESTMENT, Gros

LOANS HELD FOR INVESTMENT, Gross Loans by Risk Rating (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Gross loans by risk rating [Abstract]
Total loans held for investment	$ 931,403	$ 935,123
Total loans held for investment, net		930,790
Pass [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment		906,604
Total loans held for investment, net		902,271
Special Mention [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment		16,104
Total loans held for investment, net		16,104
Substandard [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment		12,415
Total loans held for investment, net		12,415
Doubtful [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment		0
Total loans held for investment, net		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		4,333
Government Guaranteed Loans [Member] | Pass [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment		4,333
Government Guaranteed Loans [Member] | Special Mention [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment		0
Government Guaranteed Loans [Member] | Substandard [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment		0
Government Guaranteed Loans [Member] | Doubtful [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment		0
Manufactured Housing [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	315,326	315,825
Manufactured Housing [Member] | Pass [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	313,830	314,771
Manufactured Housing [Member] | Special Mention [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment		0
Manufactured Housing [Member] | Substandard [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	1,496	1,054
Manufactured Housing [Member] | Doubtful [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment		0
Commercial Real Estate [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	555,339	545,317
Commercial Real Estate [Member] | Pass [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	539,062
Commercial Real Estate [Member] | Special Mention [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	7,378
Commercial Real Estate [Member] | Substandard [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	8,899
Commercial Real Estate [Member] | Commercial Real Estate [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment		481,499
Commercial Real Estate [Member] | Commercial Real Estate [Member] | Pass [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment		460,110
Commercial Real Estate [Member] | Commercial Real Estate [Member] | Special Mention [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment		13,381
Commercial Real Estate [Member] | Commercial Real Estate [Member] | Substandard [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment		8,008
Commercial Real Estate [Member] | Commercial Real Estate [Member] | Doubtful [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment		0
Commercial Real Estate [Member] | SBA 504 1st Trust Deed [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	12,812	12,947
Commercial Real Estate [Member] | SBA 504 1st Trust Deed [Member] | Pass [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment		12,477
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
Commercial Real Estate [Member] | SBA 504 1st Trust Deed [Member] | Substandard [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment		470
Commercial Real Estate [Member] | SBA 504 1st Trust Deed [Member] | Doubtful [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment		0
Commercial Real Estate [Member] | Land [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	10,405	11,237
Commercial Real Estate [Member] | Land [Member] | Pass [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment		11,237
Commercial Real Estate [Member] | Land [Member] | Special Mention [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment		0
Commercial Real Estate [Member] | Land [Member] | Substandard [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment		0
Commercial Real Estate [Member] | Land [Member] | Doubtful [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment		0
Commercial Real Estate [Member] | Construction [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	43,843	38,374
Commercial Real Estate [Member] | Construction [Member] | Pass [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment		38,374
Commercial Real Estate [Member] | Construction [Member] | Special Mention [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment		0
Commercial Real Estate [Member] | Construction [Member] | Substandard [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment		0
Commercial Real Estate [Member] | Construction [Member] | Doubtful [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment		0
Commercial [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment		57,835
Commercial [Member] | Pass [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment		52,384
Commercial [Member] | Special Mention [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment		2,723
Commercial [Member] | Substandard [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment		2,728
Commercial [Member] | Doubtful [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment		0
SBA [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment		1,644
SBA [Member] | Pass [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment		1,644
SBA [Member] | Special Mention [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment		0
SBA [Member] | Substandard [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment		0
SBA [Member] | Doubtful [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment		0
HELOC [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	2,557	2,613
HELOC [Member] | Pass [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	2,557	2,613
HELOC [Member] | Special Mention [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment		0
HELOC [Member] | Substandard [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment		0
HELOC [Member] | Doubtful [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment		0
Single Family Real Estate [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	9,610	8,709
Single Family Real Estate [Member] | Pass [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	9,458	8,554
Single Family Real Estate [Member] | Special Mention [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment		0
Single Family Real Estate [Member] | Substandard [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	152	155
Single Family Real Estate [Member] | Doubtful [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment		0
Consumer [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	10	107
Consumer [Member] | Pass [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	$ 10	107
Consumer [Member] | Special Mention [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment		0
Consumer [Member] | Substandard [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment		0
Consumer [Member] | Doubtful [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment		$ 0

LOANS HELD FOR INVESTMENT, Loan

LOANS HELD FOR INVESTMENT, Loan Modifications (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($)
Loan Modifications [Abstract]
Amortized cost of modified loans	$ 3,689
% of total class of loans	0.39%
Term extension (weighted average years)	2 years 18 days
Defaults on loans to borrowers experiencing financial difficulty	$ 0
Commercial Real Estate [Member]
Loan Modifications [Abstract]
Amortized cost of modified loans	$ 2,445
% of total class of loans	0.45%
Term extension (weighted average years)	5 years
Commercial [Member]
Loan Modifications [Abstract]
Amortized cost of modified loans	$ 1,244
% of total class of loans	2.11%
Term extension (weighted average years)	6 months 18 days

LOANS HELD FOR INVESTMENT, Trou

LOANS HELD FOR INVESTMENT, Troubled Debt Restructuring (Details) $ in Millions	Dec. 31, 2022 USD ($)
Troubled Debt Restructurings [Abstract]
Loans classified as TDRs	$ 6
Performing Financial Instruments [Member]
Troubled Debt Restructurings [Abstract]
Loans classified as TDRs	$ 5.8

OTHER ASSETS ACQUIRED THROUGH_3

OTHER ASSETS ACQUIRED THROUGH FORECLOSURE (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
OTHER ASSETS ACQUIRED THROUGH FORECLOSURE [Abstract]
Balance, beginning of period	$ 2,250	$ 2,518
Proceeds from dispositions	0	(140)
Gain (loss) on foreclosed assets, net	0	11
Balance, end of period	$ 2,250	$ 2,389

FAIR VALUE MEASUREMENT, Fair Va

FAIR VALUE MEASUREMENT, Fair Value of Assets Measured on Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Assets [Abstract]
Investment securities measured at fair value	$ 266	$ 225
Investment securities available-for-sale	15,533	26,688
U.S. Government Agency Notes [Member]
Assets [Abstract]
Investment securities available-for-sale	3,703	4,107
U.S. Government Agency CMO [Member]
Assets [Abstract]
Investment securities available-for-sale	4,209	4,296
U.S. Treasury Securities [Member]
Assets [Abstract]
Investment securities available-for-sale		9,970
Corporate Debt Securities [Member]
Assets [Abstract]
Investment securities available-for-sale	7,621	8,315
Recurring [Member]
Assets [Abstract]
Investment securities measured at fair value	266	225
Interest only strips	7	7
Servicing assets	27	26
Total	15,833	26,946
Recurring [Member] | U.S. Government Agency Notes [Member]
Assets [Abstract]
Investment securities available-for-sale	3,703	4,107
Recurring [Member] | U.S. Government Agency CMO [Member]
Assets [Abstract]
Investment securities available-for-sale	4,209	4,296
Recurring [Member] | U.S. Treasury Securities [Member]
Assets [Abstract]
Investment securities available-for-sale		9,970
Recurring [Member] | Corporate Debt Securities [Member]
Assets [Abstract]
Investment securities available-for-sale	7,621	8,315
Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Assets [Abstract]
Investment securities measured at fair value	266	225
Interest only strips	0	0
Servicing assets	0	0
Total	266	225
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 CMO [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	15,533	26,688
Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | U.S. Government Agency Notes [Member]
Assets [Abstract]
Investment securities available-for-sale	3,703	4,107
Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | U.S. Government Agency CMO [Member]
Assets [Abstract]
Investment securities available-for-sale	4,209	4,296
Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | U.S. Treasury Securities [Member]
Assets [Abstract]
Investment securities available-for-sale		9,970
Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | Corporate Debt Securities [Member]
Assets [Abstract]
Investment securities available-for-sale	7,621	8,315
Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member]
Assets [Abstract]
Investment securities measured at fair value	0	0
Interest only strips	7	7
Servicing assets	27	26
Total	34	33
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 CMO [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
	Mar. 31, 2023	Mar. 31, 2022
Servicing Assets [Abstract]
Balance, beginning of period	$ 26	$ 44
Additions	0	0
Amortization	0	0
Valuation adjustments	1	0
Balance, end of period	$ 27	$ 44

FAIR VALUE MEASUREMENT, Assets

FAIR VALUE MEASUREMENT, Assets Measured on Non-recurring Basis (Details) - Non-recurring [Member] - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Summary of fair value measurements of assets measured on a non-recurring basis [Abstract]
Impaired loans		$ 3,805
Other assets acquired through foreclosure	$ 2,250	2,250
Total	2,250	6,055
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
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		3,805
Other assets acquired through foreclosure	2,250	2,250
Total	2,250	6,055
Unobservable Inputs (Level 3) [Member]
Summary of fair value measurements of assets measured on a non-recurring basis [Abstract]
Impaired loans		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	Mar. 31, 2023	Dec. 31, 2022
Financial assets [Abstract]
Investment securities available-for-sale	$ 15,533	$ 26,688
Investment securities - held-to-maturity	2,425	2,557
Investment securities measured at fair value	266	225
Carrying Amount [Member]
Financial assets [Abstract]
Cash and cash equivalents	167,875	64,690
FHLB and FRB stock	4,533	4,533
Investment securities available-for-sale	15,533	26,688
Investment securities - held-to-maturity	2,425	2,557
Investment securities measured at fair value	266	225
Loans, net and loans held for sale	939,428	944,577
Accrued interest receivable	5,475	5,295
Servicing assets	1,434	1,480
Interest only strips	7	7
Financial liabilities [Abstract]
Deposits	920,804	875,084
FHLB advances	115,000	90,000
Accrued interest payable	424	126
Fair Value [Member]
Financial assets [Abstract]
Cash and cash equivalents	167,875	64,690
FHLB and FRB stock	4,533	4,533
Investment securities available-for-sale	15,533	26,688
Investment securities - held-to-maturity	2,335	2,423
Investment securities measured at fair value	266	225
Loans, net and loans held for sale	890,629	895,939
Accrued interest receivable	5,475	5,295
Servicing assets	2,647	2,646
Interest only strips	7	7
Financial liabilities [Abstract]
Deposits	915,283	867,697
FHLB advances	109,142	83,322
Accrued interest payable	424	126
Fair Value [Member] | Level 1 [Member]
Financial assets [Abstract]
Cash and cash equivalents	167,875	64,690
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	266	225
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	4,533
Investment securities available-for-sale	15,533	26,688
Investment securities - held-to-maturity	2,335	2,423
Investment securities measured at fair value	0	0
Loans, net and loans held for sale	890,629	892,134
Accrued interest receivable	5,475	5,295
Servicing assets	0	0
Interest only strips	0	0
Financial liabilities [Abstract]
Deposits	915,283	867,697
FHLB advances	109,142	83,322
Accrued interest payable	424	126
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	0	3,805
Accrued interest receivable	0	0
Servicing assets	2,647	2,646
Interest only strips	7	7
Financial liabilities [Abstract]
Deposits	0	0
FHLB advances	0	0
Accrued interest payable	$ 0	$ 0

BORROWINGS (Details)

BORROWINGS (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended
	Sep. 30, 2021	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Financial Home Loan Bank Advances [Abstract]
Securities pledged to FHLB		$ 10,300		$ 21,100
Loans		931,403		935,123
Federal Funds Purchased Lines [Abstract]
Federal funds borrowing lines at correspondent banks		20,000
Federal funds amount outstanding		$ 0		0
Line of Credit [Abstract]
Line of credit interest rate percentage		8.25%
Federal Home Loan Bank Advances - Fixed Rate [Member] | Minimum [Member]
Line of Credit [Abstract]
Federal home loan bank, interest rate		0.95%
Federal Home Loan Bank Advances - Fixed Rate [Member] | Maximum [Member]
Line of Credit [Abstract]
Federal home loan bank, interest rate		0.76%
Federal Home Loan Bank Advances [Member]
Financial Home Loan Bank Advances [Abstract]
Letter of credit with FHLB		$ 43,400
Available for additional borrowing		83,800
Total FHLB interest expense		265	$ 191
Contractual Maturities of FHLB advances [Abstract]
Within one year		15,000
After one through two years		0
After two through three years		90,000
FHLB advances		105,000
Federal Home Loan Bank Advances [Member] | Asset Pledged as Collateral [Member]
Financial Home Loan Bank Advances [Abstract]
Securities pledged to FHLB		10,200		21,100
Loans		222,800		232,600
Federal Home Loan Bank Advances [Member] | Federal Home Loan Bank Advances - Fixed Rate [Member]
Contractual Maturities of FHLB advances [Abstract]
FHLB advances		90,000
Federal Home Loan Bank Advances [Member] | Federal Home Loan Bank Advances - Variable Rate [Member]
Contractual Maturities of FHLB advances [Abstract]
FHLB advances		$ 15,000
Line of Credit [Abstract]
Federal home loan bank, interest rate		5.11%
Federal Reserve Bank Advances [Member]
Financial Home Loan Bank Advances [Abstract]
Period for advances to be collateralized		28 days
Line of Credit [Abstract]
Available borrowing capacity		$ 94,900		78,900
Outstanding balance		0		0
Federal Reserve Bank Advances [Member] | Asset Pledged as Collateral [Member]
Financial Home Loan Bank Advances [Abstract]
Loans		285,000		248,600
Line of Credit [Member]
Line of Credit [Abstract]
Maximum borrowing capacity	$ 5,000	10,000
Required compensating deposit		$ 1,000
Minimum debt service coverage ratio		1.65
Minimum Tier 1 leverage ratio		7%
Minimum total risk-based capital ratio		10%
Maximum net non-accrual ratio		3%
Renewal term		1 year
Outstanding balance		$ 0		$ 10,000
Line of Credit [Member] | Prime Rate [Member]
Line of Credit [Abstract]
Basis spread on variable rate	0.25%

STOCKHOLDERS' EQUITY, Changes i

STOCKHOLDERS' EQUITY, Changes in Other Comprehensive Income (Loss) by Component (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Changes in other comprehensive income (loss) by component, net of tax [Roll Forward]
Balance	$ 112,650	$ 101,375
Net other comprehensive loss	(482)	(250)
Balance	112,789	104,828
Unrealized Holding Gains (Losses) on AFS [Member]
Changes in other comprehensive income (loss) by component, net of tax [Roll Forward]
Balance	(771)	92
Other comprehensive (loss) income before reclassifications	(482)	(250)
Amounts reclassified from accumulated other comprehensive income	0	0
Net other comprehensive loss	(482)	(250)
Balance	$ (1,253)	$ (158)

STOCKHOLDERS' EQUITY, Common St

STOCKHOLDERS' EQUITY, Common Stock (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Feb. 28, 2019
Common Stock [Abstract]
Common stock dividend paid	$ 704	$ 606
Dividends declared per common share (in dollars per share)	$ 0.08	$ 0.07
Common Stock [Member] | Stock Repurchase Program [Member]
Common Stock [Abstract]
Amount of common stock repurchase program authorized			$ 4,500
Common stock shares repurchased to date (in shares)	350,189
Common stock shares repurchased to date, value	$ 3,000
Common stock shares repurchased to date, average price (in dollars per share)	$ 8.71
Common stock shares repurchased during the period (in shares)	0	0

CAPITAL REQUIREMENTS, Bank's Re

CAPITAL REQUIREMENTS, Bank's Regulatory Ratios and Federal Reserve's Current Adequacy Guidelines (Details)	Mar. 31, 2023	Dec. 31, 2022
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
Tier 1 leverage ratio, well-capitalized ratios		0.05
CWB [Member]
Regulatory Ratios [Abstract]
Total capital ratio	0.13	0.1256
Tier 1 risk-based capital ratio	0.1182	0.1144
Common Equity Tier 1 ratio	0.1182	0.1144
Tier 1 leverage ratio	0.1046	0.1034

CAPITAL REQUIREMENTS, Adoption

CAPITAL REQUIREMENTS, Adoption of CECL (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reduction in stockholders' equity	$ 112,789	$ 112,650	$ 104,828	$ 101,375
Income tax allocated to stockholders' equity	659
Retained Earnings [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reduction in stockholders' equity	$ 67,914	67,727	$ 60,206	$ 56,852
Retained Earnings [Member] | Accounting Standards Update 2016-13 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reduction in stockholders' equity		$ (1,600)

REVENUE RECOGNITION (Details)

REVENUE RECOGNITION (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Noninterest Income [Abstract]
Non-interest income (in-scope of ASC 606)	$ 241	$ 188
Non-interest income (out-of-scope of ASC 606)	521	1,103
Total non-interest income	762	1,291
Service Charges on Deposit Accounts [Member]
Noninterest Income [Abstract]
Non-interest income (in-scope of ASC 606)	134	70
Exchange Fees and Other Service Charges [Member]
Noninterest Income [Abstract]
Non-interest income (in-scope of ASC 606)	$ 107	$ 118

LEASES (Details)

LEASES (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Operating leases [Abstract]
Operating lease, right-of-use assets	$ 5,000		$ 5,200
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other Assets		Other Assets
Lease cost [Abstract]
Operating lease cost	$ 255	$ 250
Sublease income	0	0
Total lease cost	255	250
Other information [Abstract]
Operating cash flows from operating leases	$ 253	$ 249
Weighted average remaining lease term - operating leases	6 years 10 months 2 days	8 years 14 days
Weighted average discount rate - operating leases	3.26%	3.26%
Future minimum operating lease payments [Abstract]
2023	$ 761
2024	1,026
2025	976
2026	876
2027	473
Thereafter	1,538
Total future minimum lease payments	5,650
Less remaining imputed interest	600
Total lease liabilities	$ 5,050		$ 5,300
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

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - $ / shares		3 Months Ended
	Apr. 28, 2023	Mar. 31, 2023	Mar. 31, 2022
Dividends [Abstract]
Dividends declared per common share (in dollars per share)		$ 0.08	$ 0.07
Subsequent Event [Member]
Dividends [Abstract]
Dividend payable, date declared	Apr. 28, 2023
Dividends declared per common share (in dollars per share)	$ 0.08
Dividend payable, date to be paid	May 31, 2023
Dividend payable, date of record	May 12, 2023