Community West Bancshares (CWBC) 10-K 5 Apr 24 2023 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2023	Mar. 25, 2024	Jun. 30, 2023
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Dec. 31, 2023
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
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
No Trading Symbol Flag	true
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
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
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 87,741,982
Entity Common Stock, Shares Outstanding		8,909,279
Auditor Name	RSM US LLP
Auditor Location	San Francisco, California
Auditor Firm ID	49

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Dec. 31, 2023	Dec. 31, 2022
Assets:
Cash and due from banks		$ 1,471	$ 1,379
Interest-earning demand deposits in other financial institutions		70,727	63,311
Cash and cash equivalents		72,198	64,690
Investment securities - available-for-sale, at fair value, amortized cost of $16,682 and $27,790 at December 31, 2023 and 2022, respectively		15,232	26,688
Investment securities - held-to-maturity, at amortized cost; fair value of $2,056 and $2,423 at December 31, 2023 and 2022, respectively		2,135	2,557
Investment securities - measured at fair value		382	225
Federal Home Loan Bank ("FHLB") and Federal Reserve Bank ("FRB") stock, at cost		4,865	4,533
Loans held for sale, at lower of cost or fair value		16,648	21,033
Loans held for investment		950,824	934,309
Allowance for credit losses	[1]	(12,451)	(10,765)
Total loans held for investment, net		938,373	923,544
Other assets acquired through foreclosure, net		982	2,250
Premises and equipment, net		5,817	6,104
Other assets		30,436	39,878
Total assets		1,087,068	1,091,502
Deposits:
Noninterest-bearing demand		168,603	216,494
Interest-bearing demand		377,530	428,173
Savings		16,257	23,490
Certificates of deposit ($250,000 or more)		13,892	6,693
Other certificates of deposit		276,656	200,234
Total deposits		852,938	875,084
FHLB advances and other borrowings		100,000	90,000
Other liabilities		17,886	13,768
Total liabilities		970,824	978,852
Stockholders' equity:
Common stock - no par value, 60,000,000 shares authorized; 8,875,012 and 8,798,412 shares issued and outstanding at December 31, 2023 and 2022, respectively		46,614	45,694
Retained earnings		70,646	67,727
Accumulated other comprehensive loss, net		(1,016)	(771)
Total stockholders' equity		116,244	112,650
Total liabilities and stockholders' equity		$ 1,087,068	$ 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	Dec. 31, 2023	Dec. 31, 2022
Assets:
Investment securities available-for-sale, amortized cost	$ 16,682	$ 27,790
Investment securities held-to-maturity, fair value	$ 2,056	$ 2,423
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)	8,875,012	8,798,412
Common stock, shares outstanding (in shares)	8,875,012	8,798,412

CONSOLIDATED INCOME STATEMENTS

CONSOLIDATED INCOME STATEMENTS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Interest and dividend income:
Loans, including fees	$ 52,556	$ 46,657	$ 45,123
Investment securities and other	4,966	2,481	955
Total interest and dividend income	57,522	49,138	46,078
Interest expense:
Deposits	14,160	2,511	2,835
FHLB advances and other borrowings	955	817	869
Total interest expense	15,115	3,328	3,704
Net interest income	42,407	45,810	42,374
Provision (credit) for credit losses	(395)	(195)	(181)
Net interest income after provision (credit) for credit losses	42,802	46,005	42,555
Non-interest income:
Other loan fees	944	1,161	1,349
Gains from loan sales, net	171	257	475
Document processing fees	352	422	512
Service charges	626	438	302
Other income	1,660	1,700	1,115
Total non-interest income	3,753	3,978	3,753
Non-interest expenses:
Salaries and employee benefits	21,605	19,637	18,624
Occupancy, net	4,380	4,180	3,254
Professional services	3,728	2,923	1,645
Advertising and marketing	926	921	734
Data processing	1,407	1,265	1,215
Depreciation	727	711	780
FDIC assessment	1,013	577	485
Other expenses	1,959	1,058	1,258
Total non-interest expenses	35,745	31,272	27,995
Income before provision for income taxes	10,810	18,711	18,313
Provision for income taxes	3,494	5,262	5,212
Net income	$ 7,316	$ 13,449	$ 13,101
Earnings per share:
Basic (in dollars per share)	$ 0.83	$ 1.54	$ 1.53
Diluted (in dollars per share)	$ 0.81	$ 1.51	$ 1.5
Weighted average number of common shares outstanding:
Basic (in shares)	8,840,524	8,722,481	8,567,839
Diluted (in shares)	8,979,201	8,892,127	8,722,938
Dividends declared per common share (in dollars per share)	$ 0.32	$ 0.295	$ 0.27

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME [Abstract]
Net income	$ 7,316	$ 13,449	$ 13,101
Other comprehensive (loss) income, net:
Unrealized (loss) gain on securities available-for-sale (net of tax effect of $103, $362, and ($24) for each respective period presented)	(245)	(863)	57
Other comprehensive (loss) income, net	(245)	(863)	57
Comprehensive income	$ 7,071	$ 12,586	$ 13,158

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Other comprehensive (loss) income, net:
Unrealized (loss) gain on securities available-for-sale, tax effect	$ 103	$ 362	$ (24)

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Preferred Stock [Member]	Common Stock [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Retained Earnings [Member]	Total	Cumulative Effect, Period of Adoption, Adjustment [Member] Preferred Stock [Member]	[1]	Cumulative Effect, Period of Adoption, Adjustment [Member] Common Stock [Member]	[1]	Cumulative Effect, Period of Adoption, Adjustment [Member] Accumulated Other Comprehensive Income (Loss) [Member]	[1]	Cumulative Effect, Period of Adoption, Adjustment [Member] Retained Earnings [Member]		Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance at Dec. 31, 2020	$ 0	$ 42,909	$ 35	$ 46,063	$ 89,007
Balances (in shares) at Dec. 31, 2020	0	8,473,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 0	$ 0	0	13,101	13,101
Exercise of stock options	$ 0	$ 1,204	0	0	1,204
Exercise of stock options (in shares)	0	177,000
Stock-based compensation	$ 0	$ 318	0	0	318
Stock-based compensation (in shares)	0	0
Dividends on common stock	$ 0	$ 0	0	(2,312)	(2,312)
Dividends on common stock (in shares)	0	0
Other comprehensive income (loss), net	$ 0	$ 0	57	0	57
Balance at Dec. 31, 2021	$ 0	$ 44,431	92	56,852	101,375
Balances (in shares) at Dec. 31, 2021	0	8,650,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 0	$ 0	0	13,449	13,449
Exercise of stock options	$ 0	$ 974	0	0	974
Exercise of stock options (in shares)	0	110,000
Grant of restricted stock awards, net of forfeitures	$ 0	$ 0	0	0	0
Grant of restricted stock awards, net of forfeitures (in shares)	0	38,000
Stock-based compensation	$ 0	$ 289	0	0	289
Stock-based compensation (in shares)	0	0
Dividends on common stock	$ 0	$ 0	0	(2,574)	(2,574)
Dividends on common stock (in shares)	0	0
Other comprehensive income (loss), net	$ 0	$ 0	(863)	0	(863)
Balance at Dec. 31, 2022	$ 0	$ 45,694	(771)	67,727	$ 112,650	$ 0		$ 0		$ 0		$ (1,573)	[1]	$ (1,573)	[1]
Balances (in shares) at Dec. 31, 2022	0	8,798,000			8,798,412	0		0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accounting Standards Update [Extensible Enumeration]												ASU 2016-13 [Member]		ASU 2016-13 [Member]
Net income	$ 0	$ 0	0	7,316	$ 7,316
Exercise of stock options	$ 0	$ 456	0	0	456
Exercise of stock options (in shares)	0	54,000
Grant of restricted stock awards, net of forfeitures	$ 0	$ 0	0	0	0
Grant of restricted stock awards, net of forfeitures (in shares)	0	23,000
Stock-based compensation	$ 0	$ 464	0	0	464
Stock-based compensation (in shares)	0	0
Dividends on common stock	$ 0	$ 0	0	(2,824)	(2,824)
Dividends on common stock (in shares)	0	0
Other comprehensive income (loss), net	$ 0	$ 0	(245)	0	(245)
Balance at Dec. 31, 2023	$ 0	$ 46,614	$ (1,016)	$ 70,646	$ 116,244
Balances (in shares) at Dec. 31, 2023	0	8,875,000			8,875,012
[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 (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY [Abstract]
Cumulative effect of change in accounting principle, taxes	$ 700	$ 659

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities:
Net income	$ 7,316	$ 13,449	$ 13,101
Adjustments to reconcile net income to cash provided by operating activities:
Provision (credit) for credit losses	(395)	(195)	(181)
Depreciation	727	711	780
Stock-based compensation	464	289	318
Deferred taxes	46	250	(505)
Net (accretion) amortization of discounts and premiums on investment securities	(28)	(76)	63
(Gains) losses on:
Sale of repossessed assets, net	(123)	(116)	0
Sale of loans, net	(171)	(257)	(475)
Loss on abandonment of premises and equipment	42	0	0
Sale of assets, net	0	0	4
Loans originated for sale	(22,434)	(22,069)	(41,077)
Proceeds from sales of loans held for sale	22,592	21,331	41,552
Proceeds from principal paydowns on loans held for sale	3,796	3,370	7,346
Change in fair value of equity securities	(157)	23	(99)
Changes in:
Other assets	9,983	(9,196)	439
Other liabilities	3,753	(1,778)	1,093
Servicing assets, net	175	120	(139)
Net cash provided by (used in) operating activities	25,586	5,856	22,220
Cash flows from investing activities:
Principal pay downs and maturities of available-for-sale securities	21,105	32,236	3,894
Purchase of available-for-sale securities	(9,964)	(40,360)	(6,250)
Principal pay downs and maturities of held-to-maturity securities	417	255	1,743
Loan originations and principal collections, net	(17,275)	(65,078)	(41,596)
Purchase of restricted stock, net	(332)	(92)	192
Purchase of premises and equipment	(482)	(239)	(206)
Proceeds from sale of other assets acquired through foreclosure	2,967	384	0
Net cash provided by (used in) investing activities	(3,564)	(72,894)	(42,223)
Cash flows from financing activities:
Net (decrease) increase in deposits	(22,146)	(75,047)	183,946
Proceeds from FHLB advances	30,000	45,000	0
Repayments of FHLB advances	(30,000)	(45,000)	(15,000)
Proceeds from other borrowings	20,000	0	0
Repayments of other borrowings	(10,000)	0	0
Exercise of stock options	456	974	1,204
Cash dividends paid on common stock	(2,824)	(2,574)	(2,312)
Net cash (used in) provided by financing activities	(14,514)	(76,647)	167,838
Net increase (decrease) in cash and cash equivalents	7,508	(143,685)	147,835
Cash and cash equivalents at beginning of year	64,690	208,375	60,540
Cash and cash equivalents at end of year	72,198	64,690	208,375
Cash paid during the period for:
Interest	12,886	3,260	3,880
Income taxes	4,066	4,957	5,802
Non-cash investing and financing activity:
Transfers from loans held for investment to loans held for sale	735	0	0
Transfers from loans held for sale to loans held for investment	1,337	0	0
Transfers from loans held for investment to other assets acquired through foreclosure, net	$ 1,576	$ 0	$ 136

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 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 as the “Company.” Basis of Presentation The accounting and reporting policies of the Company are in accordance with accounting principles generally accepted in the United States (“GAAP”) and conform to practices within the 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. 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 fair value of investment securities available for sale. Although management believes these estimates to be reasonably accurate, actual amounts may differ. In the opinion of management, all adjustments considered necessary have been reflected in the financial statements during their preparation. Proposed Merger On October 10, 2023, the Company announced the signing of an Agreement of Reorganization and Merger with Central Valley Community Bancorp (NASDAQ: CVCY), headquartered in Fresno, California, together with its banking subsidiary, Central Valley Community Bank, pursuant to which the companies will combine in an all-stock merger transaction. Under the terms of the agreement, Community West Bancshares will merge with and into Central Valley Community Bancorp and Community West Bank will merge with and into Central Valley Community Bank. The Central Valley Community Bancorp and Community West Bancshares Boards of Directors have unanimously approved the transaction. The merger closed on April 1, 2024. On the effective date of the merger, Central Valley Community Bancorp and Central Valley Community Bank were rebranded and changed their names to “Community West Bancshares” and “Community West Bank,” respectively. Concentrations of Lending Activities The Company’s lending activities are primarily driven by the customers served in the market areas where the Company has branch offices in the Central Coast of California. The Company monitors concentrations within selected categories, such as geography and product. The Company makes manufactured housing, commercial, SBA, construction, commercial real estate, single family real estate, and consumer loans to customers through branc h offices located in the Company’s primary markets. The Company’s business is concentrated in these areas and the loan portfolio includes significant credit exposure to the commercial real estate and manufactured housing markets of these areas. As of December 31, and , commercial real estate loans accounted for approximately and of total loans (including loans held for sale), respectively d at December 31, and , respectively. As of December 31, and , manufactured housing loans comprised 34.1% and , respectively, of total loans. The Company was within established lending policy limits at December 31, and . Reclassifications Certain amounts in the consolidated financial statements as of December 31, 2023 and 2022, and for the years ended December 31, 2023, 2022, and 2021, have been reclassified to conform to the current presentation. The reclassifications have no effect on net income or stockholders’ equity as previously reported. Business Segments Reportable business segments are determined using the “management approach” and are intended to present reportable segments consistent with how the chief operating decision maker organizes segments within the company for making operating decisions and assessing performance. As of December 31, 2023 and 2022, the Company had only one reportable business segment. Cash and Cash Equivalents For purposes of reporting cash flows, cash and cash equivalents include cash on hand and amounts due from banks (including cash items in process of clearing). Cash flows from loans originated by the Company and deposits are reported net. The Company maintains amounts due from banks, which at times may exceed federally insured limits. The Company has not experienced any losses in such accounts. Cash Reserve Requirement Depository institutions are required by law to maintain reserves against their transaction deposits. The reserves must be held in cash or with the Federal Reserve Bank. The amount of the reserve varies by bank as the bank is permitted to meet this requirement by maintaining the specified amount as an average balance over a two-week period. The Federal Reserve reduced the reserve requirement ratio to zero percent across all deposit tiers as of March 26, 2020, to aid institutions impacted by COVID-19. Investment Securities Investment securities may be classified as held-to-maturity (“HTM”), available-for-sale (“AFS”), or trading. The appropriate classification is initially decided at the time of purchase. Securities classified as HTM are those debt securities the Company has both the intent and ability to hold to maturity regardless of changes in market conditions, liquidity needs, or general economic conditions. These securities are carried at amortized cost. The sale of a security within three months of its maturity date or after the majority of the principal outstanding has been collected is considered a maturity for purposes of classification and disclosure. Securities classified as AFS are debt securities the Company intends to hold for an indefinite period of time, but not necessarily to maturity. Any decision to sell a security classified as AFS would be based on various factors, including significant movements in interest rates, changes in the maturity mix of the Company’s assets and liabilities, liquidity needs, decline in credit quality, and regulatory capital considerations. AFS securities are reported as an asset on the consolidated balance sheets at their estimated fair value. As the fair value of AFS securities changes, the changes are reported net of income tax as an element of other comprehensive income (loss) (“OCI”). When AFS securities are sold, the unrealized gain or loss is reclassified from OCI to non-interest income. Trading securities are carried at fair value on the consolidated balance sheets. The changes in the fair values of trading securities are reported in other income on the consolidated income statements. Interest income on securities is recognized based on the coupon rate and increased by accretion of discounts earned or decreased by the amortization of premiums paid over the contractual life of the security using the interest method. For mortgage-backed securities, estimates of prepayments are considered in the constant yield calculations. 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 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 the current period’s 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, a security in an unrealized loss position before the recovery of its amortized cost basis, the total amount of the unrealized loss is recognized in the current period’s earnings. Unrealized losses deemed non-credit related are recorded, net of tax, through accumulated other comprehensive income (loss). 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 is excluded from the estimate of the required allowance for credit losses. Prior to the adoption of ASC 326 on January 1, 2023, the Company estimated whether there were any other than temporary impairment losses related to HTM or AFS securities. When making this determination, management considered: 1) the length of time and the extent to which the fair value was less than the security’s amortized cost; 2) the financial condition and near term prospects of the issuer; 3) the impact of changes in market interest rates; and 4) the intent and ability of the Company to retain its investment for a period of time sufficient to allow for any anticipated recovery in a security’s fair value whether it was more likely than not that the Company would be required to sell the security. Declines in the fair value of individual debt securities classified as AFS that were deemed to be other than temporary were reflected in earnings when identified. The fair value of the debt security then became the new cost basis. For individual debt securities where the Company did not intend to sell the security and it was not more likely than not that the Company would have been required to sell the security before the recovery of its amortized cost basis, the other than temporary decline in fair value of the debt security related to 1) credit loss was recognized in earnings, and 2) market or other factors was recognized in other comprehensive income or loss. FHLB and FRB Stock The Company’s subsidiary bank is a member of the FHLB system and maintains an investment in capital stock of the FHLB. The bank also maintains an investment in FRB stock. These investments are considered equity securities with no actively traded market. These investments are carried at cost, which is equal to the value at which they may be redeemed. The dividend income received from the stock is reported in interest and dividend income. Management conducts a periodic review and evaluation of the Company’s holdings of FHLB and FRB stock to determine if any impairment exists. No impairment was deemed to have existed during the years ended December 31, 2023 or 2022. Loans Held For Sale Loans which are originated and intended for sale in the secondary market are carried at the lower of their amortized cost or estimated fair value, determined on an aggregate basis. Valuation adjustments, if any, are recognized through a valuation allowance by charges to lower of cost or fair value provision. Loans held for sale are comprised of SBA and commercial agriculture loans. The Company did not incur any lower of cost or fair value provision in the years ended December 31, 2023, 2022, and 2021. Loans Held for Investment Loans are recognized at the principal amount outstanding, net of unearned income, loan participations, and amounts charged off. Unearned income includes deferred loan origination fees reduced by loan origination costs. Unearned income on loans is amortized to interest income over the life of the related loan using the level yield method. Interest income on loans is accrued daily using the effective interest method and recognized over the terms of the loans. Loan fees collected for the origination of loans less direct loan origination costs (net deferred loan fees) are amortized over the contractual life of the loan through interest income. If the loan has scheduled payments, the amortization of the net deferred loan fee is calculated using the interest method over the contractual life of the loan. If the loan does not have scheduled payments, such as a line of credit, the net deferred loan fee is recognized as interest income on a straight-line basis over the contractual life of the loan commitment. Commitment fees based on a percentage of a customer’s unused line of credit and fees related to standby letters of credit are recognized over the commitment period. When loans are repaid, any remaining unamortized balances of unearned fees, deferred fees and costs, and premiums and discounts paid on purchased loans are relieved though interest income. When a borrower discontinues making payments as contractually required by the note, management 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 borrower 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. The allowance for credit losses (“ACL”) for loans 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 on loans (which is a component of the provision for credit losses on the consolidated income statements) 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 an ACL 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 loan 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. 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. In certain cases, the Company may hold business assets as collateral. 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 calculation of the ACL 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, the impact of droughts in the Company’s lending areas, and other relevant factors. 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. 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 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 provide for 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 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 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 considered 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 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 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 fair value of the underlying collateral, less estimated selling costs. 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 allowance for credit losses is required under ASC 326. The ACL for off-balance sheet commitments includes 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

INVESTMENT SECURITIES

INVESTMENT SECURITIES	12 Months Ended
	Dec. 31, 2023
INVESTMENT SECURITIES [Abstract]
INVESTMENT SECURITIES	2. INVESTMENT SECURITIES The amortized cost and estimated fair value of investment securities are as follows: December 31, 2023 Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value Securities available-for-sale (in thousands) U.S. government agency notes $ 3,318 $ 13 $ (1 ) $ 3,330 U.S. government agency collateralized mortgage obligations (“CMOs”) 4,114 — (170 ) 3,944 Corporate debt securities 9,250 — (1,292 ) 7,958 Total 16,682 13 (1,463 ) 15,232 Securities held-to-maturity U.S. government agency MBS $ 2,135 $ 8 $ (87 ) $ 2,056 Total $ 2,135 $ 8 $ (87 ) $ 2,056 Securities measured at fair value Equity securities: Farmer Mac class A stock $ 66 $ 316 $ — $ 382 Total $ 66 $ 316 $ — $ 382 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 CMOs 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 December 31, 2023 and 2022, $9.3 million and $21.1 million of securities at carrying value, respectively, were pledged to the FHLB as collateral for current and future advances. At December 31, 2023 and 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 Company had no sales of investment securities during 2023, 2022, or 2021. The maturity periods and weighted average yields of investment securities at December 31, 2023 and 2022 were as follows: December 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 $ — — $ — — $ 469 5.85 % $ 2,861 6.89 % $ 3,330 6.74 % U.S. government agency CMOs — — — — 453 3.43 % 3,491 5.66 % 3,944 5.40 % Corporate debt securities — — — — 7,958 3.74 % — — 7,958 3.74 % Total $ — — $ — — $ 8,880 3.84 % $ 6,352 6.21 % $ 15,232 4.83 % Securities held-to-maturity U.S. government agency MBS $ — — $ — — $ 826 3.99 % $ 1,309 4.57 % $ 2,135 4.35 % Total $ — — $ — — $ 826 3.99 % $ 1,309 4.57 % $ 2,135 4.35 % 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 CMOs — — — — — — 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 investment securities by contractual maturities as of the periods presented were as shown below: December 31, 2023 2022 Amortized Cost Fair Value Amortized Cost Fair Value Securities available for sale (in thousands) Due in one year or less $ — $ — $ 9,984 $ 9,970 After one year through five years — — — — After five years through ten years 10,206 8,880 9,768 8,834 After ten years 6,476 6,352 8,038 7,884 Total $ 16,682 $ 15,232 $ 27,790 $ 26,688 Securities held to maturity Due in one year or less $ — $ — $ — $ — After one year through five years — — — — After five years through ten years 826 792 746 705 After ten years 1,309 1,264 1,811 1,718 Total $ 2,135 $ 2,056 $ 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 December 31, 2023 and 2022, securities that were in an unrealized loss position and length of time that individual securities have been in a continuous loss position are summarized as follows December 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 notes $ (1 ) $ 988 $ — $ — $ (1 ) $ 988 U.S. government agency CMOs — — (170 ) 3,944 (170 ) 3,944 Corporate debt securities — — (1,292 ) 7,958 (1,292 ) 7,958 Total $ (1 ) $ 988 $ (1,462 ) $ 11,902 $ (1,463 ) $ 12,890 Securities held-to-maturity U.S. government agency MBS $ — $ — $ (87 ) $ (1,718 ) $ (87 ) $ (1,718 ) Total $ — $ — $ (87 ) $ (1,718 ) $ (87 ) $ (1,718 ) 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 CMOs $ (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 December 31, 2023 and 2022, there were 36 and 37 securities, respectively, in an unrealized loss position. At December 31, 2023 and 2022, there were no available-for-sale or held-to-maturity securities that were on 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 $130 thousand and $77 thousand December 31, 2023 and 2022, respectively. Accrued interest receivable is included in other assets There were no collateral dependent available-for-sale or held-to-maturity securities at December 31, 2023 or 2022. The Company did not record an allowance for credit losses for available-for-sale or held-to-maturity investment securities as of December 31, 2023. For available-for-sale securities where the security’s estimated fair value was below its 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 declines in the 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 December 31, 2023, because the likelihood of non-repayment is remote. There was no provision for credit losses recognized for investment securities during the year ended December 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	12 Months Ended
	Dec. 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 December 31, 2023 and 2022, the Company had approximately $4.5 million and $5.2 million, respectively, of SBA loans included in loans held for sale. The Company’s agricultural lending program includes loans for agricultural land, agricultural operational lines, and agricultural term loans for crops, equipment, and livestock. The primary products are supported by guarantees issued from the USDA, FSA, and the USDA Business and Industry loan program. As of December 31, 2023 and 2022, the Company had $12.1 million and $15.8 million of USDA loans included in loans held for sale, respectively. The unpaid balance of loans serviced for others as of the periods presented are shown below: December 31, 2023 December 31, 2022 (in thousands) Farmer Mac $ 162,242 $ 155,522 SBA 1,388 1,926 USDA, FSA, and USDA Business and Industry — 735 Total loans serviced for others $ 163,630 $ 158,183

LOANS HELD FOR INVESTMENT

LOANS HELD FOR INVESTMENT	12 Months Ended
	Dec. 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: December 31, 2023 2022 (in thousands) Manufactured housing $ 330,358 $ 315,825 Commercial real estate 560,373 545,317 Commercial 46,255 59,070 SBA 1,753 3,482 HELOC 2,556 2,613 Single family real estate 10,350 8,709 Consumer 71 107 Gross loans held for investment 951,716 935,123 Deferred fees, net (867 ) (787 ) Discount on SBA loans (25 ) (27 ) Loans held for investment 950,824 934,309 Allowance for credit losses (12,451 ) (10,765 ) Loans held for investment, net $ 938,373 $ 923,544 The following tables present the contractual aging of the recorded investment in past due held for investment loans by class of loans: December 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 $ 329,636 $ 537 $ 142 $ 43 $ 722 $ 330,358 Commercial real estate: Commercial real estate 486,180 8,207 — 2,049 10,256 496,436 SBA 504 1st trust deed 12,199 — — — — 12,199 Land 6,021 — — — — 6,021 Construction 43,767 — — 1,950 1,950 45,717 Commercial 42,313 3,695 — 247 3,942 46,255 SBA 1,690 62 — 1 63 1,753 HELOC 2,556 — — — — 2,556 Single family real estate 10,350 — — — — 10,350 Consumer 71 — — — — 71 Total $ 934,783 $ 12,501 $ 142 $ 4,290 $ 16,933 $ 951,716 December 31, 2022 Current 30-59 Days Past Due 60-89 Days Past Due Over 90 Days Past Due Total Past Due Total (in thousands) Manufactured housing $ 315,058 $ 665 $ 102 $ — $ 767 $ 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 8,709 — — — — 8,709 Consumer 107 — — — — 107 Total $ 932,243 $ 2,778 $ 102 $ — $ 2,880 $ 935,123 The following table presents the composition of nonaccrual loans as of December 31, 2023 and 2022 December 31, 2023 December 31, 2022 With an ACL Without an ACL Total Nonaccrual With an ACL Without an ACL Total Nonaccrual (in thousands) Manufactured housing $ 77 $ 913 $ 990 $ — $ 61 $ 61 Commercial real estate: Commercial real estate — 800 800 — — — SBA 504 1st trust deed — 41 41 — — — Construction — 1,950 1,950 — — — Commercial — 87 87 — — — Single family real estate — 138 138 — 150 150 Total $ 77 $ 3,929 $ 4,006 $ — $ 211 $ 211 There were no loans past due by 90 days or more that were not on nonaccrual status at December 31, 2023 or 2022. The accrual of interest is discontinued when substantial doubt exists as to collectability of the loan; generally, at the time the loan is 90 days delinquent. Any unpaid but accrued interest is reversed at that time. Thereafter, interest income is no longer recognized on the loan. Interest 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 years ended December 31, 2023, 2022, and 2021, was $436 thousand, $38 thousand, and $154 thousand, respectively. Accrued interest receivable related to loans was $5.4 million and $5.1 million at December 31, 2023 and 2022, respectively. Accrued interest receivable is included in other assets Allowance for Credit Losses for Loans The Company adopted the CECL requirements of ASC 326 on January 1, 2023. As discussed further in Note 1 - Summary of Significant Accounting Policies, the Company uses the WARM method as the basis for the estimation of expected credit losses under CECL. The calculation of the ACL is adjusted using qualitative factors for current conditions and for reasonable and supportable forecast periods. 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. 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 fair value of the collateral securing the loan, less estimated selling costs. During the year ended December 31, 2023, the allowance for credit losses on loans increased by $1.7 million to $12.5 million 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). The Company recorded a provision (credit) for credit losses for loans of $(339) thousand during the year ended December 31, 2023, primarily due to a reduction in the qualitative factor related to the percentage of the state of California that was experiencing a drought. This reduction was partially offset by growth in the loan portfolio and an increase in historical loss factors for certain loan segments. The following tables summarize the changes in the allowance for credit losses by portfolio type. Prior to the adoption of ASC 326 on January 1, 2023, the allowance for loan losses was determined in accordance with ASC 450 - “Contingencies” (“ASC 450”) and ASC 310 - “Receivables” (“ASC 310”). For the Year Ended December 31, Manufactured Housing Commercial Real Estate Commercial SBA HELOC Single Family Real Estate Consumer Total 2023 (in thousands) Beginning balance, prior to the 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 — (27 ) — — — — — (27 ) Recoveries 82 80 47 32 — — — 241 Net (charge-offs) recoveries 82 53 47 32 — — — 214 Provision (credit) for credit losses (254 ) 245 (310 ) (34 ) (3 ) 18 (1 ) (339 ) Ending balance $ 5,378 $ 6,309 $ 554 $ 4 $ 41 $ 164 $ 1 $ 12,451 2022 Beginning balance $ 2,606 $ 6,729 $ 923 $ 22 $ 18 $ 105 $ 1 $ 10,404 Charge-offs — — — (182 ) — — — (182 ) Recoveries 139 80 190 316 12 — 1 738 Net (charge-offs) recoveries 139 80 190 134 12 — 1 556 Provision (credit) for credit losses 1,134 (829 ) (366 ) (135 ) (3 ) 2 2 (195 ) Ending balance $ 3,879 $ 5,980 $ 747 $ 21 $ 27 $ 107 $ 4 $ 10,765 2021 Beginning balance $ 2,612 $ 5,950 $ 1,379 $ 118 $ 25 $ 108 $ 2 $ 10,194 Charge-offs — — — — — — (1 ) (1 ) Recoveries 218 80 40 47 6 1 — 392 Net (charge-offs) recoveries 218 80 40 47 6 1 (1 ) 391 Provision (credit) for credit losses (224 ) 699 (496 ) (143 ) (13 ) (4 ) — (181 ) Ending balance $ 2,606 $ 6,729 $ 923 $ 22 $ 18 $ 105 $ 1 $ 10,404 During the year ended December 31, 2023, the Company charged off one commercial estate loan in the amount of $27 thousand that was originated in 2021. As of December 31, 2023 and 2022, the Company had an ACL for off-balance sheet commitments of $458 thousand and $94 thousand, respectively, which was included in other liabilities on the consolidated balance sheets. The provision (credit) for credit losses associated with the allowance for off-balance sheet commitments was $(56) thousand, $0 thousand, and $2 for the years ended December 31, 2023, 2022, and 2021, respectively. Beginning on January 1, 2023, the Company evaluates loans collectively for purposes of determining the allowance for credit losses 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 as 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, 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 allowance for credit losses. The Company uses a discounted cash flow approach, using the loan’s effective interest rate, for determining the allowance for credit losses 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 selling costs). The Company may increase or decrease the allowance for credit losses for collateral dependent loans based on changes in the estimated fair value of the collateral. The following table presents the amortized cost basis and the associated allowance for credit losses by portfolio segment for loans that were individually evaluated as of December 31, 2023: Manufactured Housing Commercial Real Estate Commercial SBA HELOC Single Family Real Estate Consumer Total Loans (in thousand s) Amortized Cost Basis: Individually evaluated loans with an ACL recorded $ 432 $ — $ — $ — $ — $ — $ — $ 432 Individually evaluated loans with no ACL recorded 1,642 2,791 1,203 — — 138 — 5,774 Total individually evaluated loans 2,074 2,791 1,203 — — 138 — 6,206 Collectively evaluated loans 328,284 557,582 45,052 1,753 2,556 10,212 71 945,510 Total loans held for investment $ 330,358 $ 560,373 $ 46,255 $ 1,753 $ 2,556 $ 10,350 $ 71 $ 951,716 Allowance for Credit Losses: Individually evaluated loans $ 11 $ — $ — $ — $ — $ — $ — $ 11 Collectively evaluated loans 5,367 6,309 554 4 41 164 1 12,440 Total allowance for credit losses $ 5,378 $ 6,309 $ 554 $ 4 $ 41 $ 164 $ 1 $ 12,451 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 table presents impairment method information related to loans and allowance for loan losses by loan portfolio segment as of December 31, 2022 : 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 $ 209 $ 67 $ 41 $ — $ 208 $ — $ 3,443 Impaired loans with no allowance recorded 1,166 — 1,297 — — 151 — 2,614 Total impaired loans 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 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 the 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 following table presents the amortized cost basis of collateral dependent loans by class of loans and by collateral type as of the dates indicated Manufactured Homes Single Family Residence Machinery & Equipment Total December 31, 2023: (in thousands) Manufactured housing $ 1,196 $ — $ — $ 1,196 Commercial real estate 2,791 — — 2,791 Commercial — — 1,203 1,203 HELOC — 138 — 138 Total $ 3,987 $ 138 $ 1,203 $ 5,328 December 31, 2022: Manufactured housing $ 574 $ — $ — $ 574 Commercial — — 1,297 1,297 Single family real estate — 150 — 150 Total $ 574 $ 150 $ 1,297 $ 2,021 There was no associated allowance for cre dit losses (or allowance for l The Company utilizes an internal asset classification system as a means of reporting problem and potential problem loans. Under the Company’s risk rating system, the Company classifies problem and potential problem loans as “Special Mention,” “Substandard,” “Doubtful,” or “Loss.” Risk ratings are updated as part of the normal loan monitoring process (at a minimum, annually). 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 the 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, 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 recording them 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 the 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 the dates indicated Term Loans - Amortized Cost Basis by Origination Year 2023 2022 2021 2020 2019 Prior Revolving Total (in thousands) December 31, 2023: Manufactured housing: Pass $ 49,826 $ 56,337 $ 48,412 $ 45,199 $ 24,488 $ 103,999 $ — $ 328,261 Substandard — — 99 217 — 1,781 — 2,097 Total 49,826 56,337 48,511 45,416 24,488 105,780 — 330,358 Commercial real estate: Pass 50,612 142,382 117,260 58,874 49,967 116,518 — 535,613 Special mention — — 8,669 207 4,124 3,572 — 16,572 Substandard — — 473 1,950 — 5,765 — 8,188 Total 50,612 142,382 126,402 61,031 54,091 125,855 — 560,373 Commercial: Pass 3,587 3,400 2,434 791 620 13,758 13,552 38,142 Special mention — 1,825 1,893 401 — — — 4,119 Substandard — — — — 38 3,956 — 3,994 Total 3,587 5,225 4,327 1,192 658 17,714 13,552 46,255 SBA: Pass — — — 160 — 1,429 — 1,589 Special mention — — — — — 163 — 163 Doubtful — — — — — 1 — 1 Total — — — 160 — 1,593 — 1,753 HELOC: Pass — — — — — 2,556 — 2,556 Total — — — — — 2,556 — 2,556 Single family real estate: Pass 2,109 821 1,969 1,974 744 2,595 — 10,212 Substandard — — — — — 138 — 138 Total 2,109 821 1,969 1,974 744 2,733 — 10,350 Consumer: Pass 71 — — — — — — 71 Total 71 — — — — — — 71 Total loans $ 106,205 $ 204,765 $ 181,209 $ 109,773 $ 79,981 $ 256,231 $ 13,552 $ 951,716 Term Loans - Amortized Cost Basis by Origination Year 2022 2021 2020 2019 2018 Prior Revolving Total (in thousands) December 31, 2022: Manufactured housing: Pass $ 62,591 $ 54,403 $ 51,158 $ 26,745 $ 25,768 $ 94,106 $ — $ 314,771 Substandard — — — — 121 933 — 1,054 Total 62,591 54,403 51,158 26,745 25,889 95,039 — 315,825 Commercial real estate: Pass 161,023 125,074 57,441 50,134 32,662 95,174 — 521,508 Special mention — — 10,092 4,206 1,033 — — 15,331 Substandard — — 1,056 — — 7,422 — 8,478 Total 161,023 125,074 68,589 54,340 33,695 102,596 — 545,317 Commercial: Pass 8,804 2,924 1,505 1,107 6,956 10,889 20,699 52,884 Special mention — 2,723 — — — — — 2,723 Substandard — — — — — 3,463 — 3,463 Total 8,804 5,647 1,505 1,107 6,956 14,352 20,699 59,070 SBA: Pass — 690 1,083 — — 1,709 — 3,482 Total — 690 1,083 — — 1,709 — 3,482 HELOC: Pass — — — — — — 2,613 2,613 Total — — — — — — 2,613 2,613 Single family real estate: Pass 817 2,187 2,028 761 364 2,398 — 8,555 Substandard — — — — 150 4 — 154 Total 817 2,187 2,028 761 514 2,402 — 8,709 Consumer: Pass 13 — — — — 94 — 107 Total 13 — — — — 94 — 107 Total loans $ 233,248 $ 188,001 $ 124,363 $ 82,953 $ 67,054 $ 216,192 $ 23,312 $ 935,123 There were no loans classified as “Loss” at December 31, 2023 or 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 tables presents the amortized cost basis of loans at December 31, 2023, that were modified during the year ended December 31, 2023, in response to financial difficulties experienced by the borrowers, by loan class and by type of modification. December 31, 2023 Term Extension Amortized Cost % of Total Class of Loans Weighted Average Months (Dollars in thousands) Commercial real estate $ 473 0.08 % 5.0 Commercial 1,373 2.97 % 60.0 Total $ 1,846 0.19 % 45.9 December 31, 2023 Payment Deferral Amortized Cost % of Total Class of Loans Weighted Average Months (Dollars in thousands) SBA $ 160 9.13 % 3.0 Total $ 160 0.02 % 3.0 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 December 31, 2023, except for one commercial real estate loan whose term was extended and had an amortized cost of $473 thousand that was delinquent and in foreclosure The ACL for a loan to a borrower that was experiencing financial difficulty and was granted a modification (and included in the table 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 ACL for such a loan is determined through individual evaluation Troubled Debt Restructured Loan (“TDR”) 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 was a loan on which the Company, for reasons related to a borrower’s financial difficulties, granted a concession to the borrower that the Company would not have otherwise considered. The loan terms that were modified or restructured due to a borrower’s financial situation included, but were 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, or a reduction in the face amount of the loan or accrued interest balance. The majority of the Company’s modifications were extensions in terms or deferral of payments (which resulted in no lost principal or interest), followed by reductions in interest rates or accrued interes The total carrying amount of loans that were classified as TDRs at December 31, 2022, was $6.0 million; of these, $5.8 million were performing according to their modified terms Related Parties Principal stockholders, directors, and executive officers of the Company, together with companies they control and family members, are considered to be related parties. In the ordinary course of business, the Company has extended credit to these related parties. Federal banking regulations require that any such extensions of credit not be offered on terms more favorable than would be offered to non-related party borrowers of similar creditworthiness. The following table summarizes the aggregate activity in such loans: Year Ended December 31, 2023 2022 (in thousands) Balance, beginning $ 2,622 $ 2,919 New loans — — Repayments and other (190 ) (297 ) Balance, ending $ 2,432 $ 2,622 None of these loans are past due, are on nonaccrual status, or have been restructured to provide a reduction or deferral of interest or principal because of deterioration in the financial position of the borrower. There were no loans to a related party that were considered classified loans at December 31, 2023 or 2022. Unfunded loan commitments outstanding with related parties totaled $0.4 million and $0.3 million at December 31, 2023 and 2022, respectively.

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT	12 Months Ended
	Dec. 31, 2023
PREMISES AND EQUIPMENT [Abstract]
PREMISES AND EQUIPMENT	5. PREMISES AND EQUIPMENT The Company’s premises and equipment consisted of the following at December 31: 2023 2022 (in thousands) Bank premises and land $ 3,975 $ 3,983 Furniture, fixtures, and equipment 11,017 10,865 Leasehold improvements 4,644 4,992 Construction in progress 255 122 19,891 19,962 Accumulated depreciation (14,074 ) (13,858 ) Premises and equipment, net $ 5,817 $ 6,104

OTHER ASSETS ACQUIRED THROUGH F

OTHER ASSETS ACQUIRED THROUGH FORECLOSURE	12 Months Ended
	Dec. 31, 2023
OTHER ASSETS ACQUIRED THROUGH FORECLOSURE [Abstract]
OTHER ASSETS ACQUIRED THROUGH FORECLOSURE	6. OTHER ASSETS ACQUIRED THROUGH FORECLOSURE The following table summarizes the changes in other assets acquired through foreclosure for the periods indicated December 31, 2023 2022 2021 (in thousands) Balance, beginning of period $ 2,250 $ 2,518 $ 2,614 Additions 1,576 — 136 Proceeds from dispositions (2,967 ) (384 ) — Gains (losses) on sales, net 123 116 (232 ) Balance, end of period $ 982 $ 2,250 $ 2,518 Gains or losses on sale are included in other non-interest income on the consolidated income statements.

DEPOSITS

DEPOSITS	12 Months Ended
	Dec. 31, 2023
DEPOSITS [Abstract]
DEPOSITS	7. DEPOSITS The table below summarizes deposits by type: December 31, 2023 2022 (in thousands) Non-interest bearing demand deposits $ 168,603 $ 216,494 Interest-bearing deposits: NOW accounts 32,267 38,068 Money market deposit account 345,263 390,105 Savings accounts 16,257 23,490 Time deposits of $250,000 or more 13,892 6,693 Other time deposits 276,656 200,234 Total deposits $ 852,938 $ 875,084 Of the total deposits at December 31, 2023, $562.4 million may be immediately withdrawn. Time certificates of deposit are the only deposits which have a specified maturity. The summary of the contractual maturities for all time deposits is as follows: (in thousands) 2024 $ 222,807 2025 19,527 2026 42,914 2027 5,143 2028 157 Total $ 290,548 The Company through the bank is a member of the Certificate of Deposit Account Registry Service (“CDARS”) and Insured Cash Sweep (“ICS”) services, which provides Federal Deposit Insurance Corporation (“FDIC”) insurance for large deposits. Federal banking law and regulation place restrictions on depository institutions regarding brokered deposits as they pose increased liquidity risk for institutions that gather significant amounts of brokered deposits. At December 31, 2023 and 2022, the Company had $17.7 million and $51.1 million, respectively, of CDARS deposits. At December 31, 2023 and 2022, the Company had $117.4 million and $69.2 million, respectively of ICS deposits. The Company also accepts deposits from related parties which totaled $41.3 million at December 31, 2023, and $29.3 million at December 31, 2022.

BORROWINGS

BORROWINGS	12 Months Ended
	Dec. 31, 2023
BORROWINGS [Abstract]
BORROWINGS	8. BORROWINGS FHLB Advances The following table summarizes the Company’s FHLB advances by maturity date: December 31, 2023 2022 Contractual Maturity Date Amount Rate Amount Rate (dollars in thousands) April 15, 2025 $ 6,000 0.76 % $ 6,000 0.76 % April 15, 2025 39,000 0.78 % 39,000 0.78 % June 23, 2025 30,000 0.95 % 30,000 0.95 % June 23, 2025 15,000 0.92 % 15,000 0.92 % Total FHLB advances $ 90,000 $ 90,000 Weighted average rate 0.86 % 0.86 % All of the Company’s outstanding advances as of December 31, 2023 and 2022 , The Company also had $27.0 million of letters of credit with FHLB at December 31, 2023 , , Line of Credit The Company has an unsecured line of credit agreement to borrow up to $10.0 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 Company is in compliance with all of the covenants at December 31, 2023. The line of credit matured in September 2023 and the Company renewed the line of credit for an additional two-year term with no other changes to the financial terms or covenants. As of December 31, 2023, there was $ Federal Reserve Bank The Company has established a credit line with the FRB. Advances are collateralized in the aggregate by eligible loans. As of December 31, 2023 and 2022, there were $293.7 million and $248.6 million, respectively, of loans pledged as collateral to the FRB. There were no outstanding FRB advances as of December 31, 2023 and 2022. Available borrowing capacity based on the balance of loans pledged was $110.7 million at December 31, 2023. Federal Funds Purchased Lines The Company has federal funds borrowing lines at correspondent banks totaling $20.0 million. There were no amounts outstanding on these lines as of December 31, 2023 and 2022.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2023
COMMITMENTS AND CONTINGENCIES [Abstract]
COMMITMENTS AND CONTINGENCIES	9. COMMITMENTS AND CONTINGENCIES Unfunded Commitments and Letters of Credit The Company is party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. They involve, to varying degrees, elements of credit risk in excess of amounts recognized in the consolidated balance sheets. Lines of credit are obligations to lend money to a borrower. Credit risk arises when the borrowers’ current financial condition may indicate less ability to pay than when the commitment was originally made. In the case of standby letters of credit, the risk arises from the possibility of the failure of the customer to perform according to the terms of a contract. In such a situation, the third party might draw on the standby letter of credit to pay for completion of the contract and the Company would look to its customer to repay these funds with interest. To minimize the risk, the Company uses the same credit policies in making commitments and conditional obligations as it would for a loan to that customer. A summary of the contractual amounts for unfunded commitments and letters of credit are as follows: As of December 31, 2023 2022 (in thousands) Commitments to extend credit $ 84,656 $ 100,011 Standby letters of credit — — Total $ 84,656 $ 100,011 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. The Company has exposure to credit losses from unfunded commitments and letters of credit. As funds have not been disbursed on these commitments, they are not reported as loans outstanding. Credit losses related to these commitments are not included in the allowance for credit losses reported in Note 4 - Loans Held for Investment of these consolidated financial statements and are accounted for as a separate loss contingency as a liability. This loss contingency for unfunded loan commitments and letters of credit was $458 thousand and $94 thousand as of December 31, 2023 and 2022, respectively. Changes to this liability are adjusted through provision for credit losses on the consolidated income statements Loan Sales and Servicing The Company retains a certain level of risk relating to the servicing activities and retained interest in sold loans. In addition, during the period of time that the loans are held for sale, the Company is subject to various business risks associated with the lending business, including borrower default, foreclosure, and the risk that a rapid increase in interest rates would result in a decline of the value of loans held for sale to potential purchasers. In connection with certain loan sales, the Company enters agreements which generally require the company to repurchase or substitute loans in the event of a breach of a representation or warranty made by the Company to the loan purchaser, any misrepresentation during the loan origination process or, in some cases, upon any fraud or early default on such loans. The Company has sold loans that are guaranteed or insured by government agencies for which the Company retained all servicing rights and responsibilities. The Company is required to perform certain monitoring functions in connection with these loans to preserve the guarantee by the government agency and prevent loss to the Company in the event of nonperformance by the borrower. Management believes that the Company is in compliance with these requirements. Interest rate risk The Company assumes interest rate risk (the risk to the Company’s earnings and capital from changes in interest rate levels) as a result of its normal operations. As a result, the fair values of the Company’s financial instruments as well as its future net interest income will change when interest rate levels change and that change may be either favorable or unfavorable to the Company. Interest rate risk exposure is measured using interest rate sensitivity analysis to determine the change in the net portfolio value and net interest income resulting from hypothetical changes in interest rates. If potential changes to net portfolio value and net interest income resulting from hypothetical interest rate changes are not within the limits established by the Board of Directors, the Board of Directors may direct management to adjust the asset and liability mix to bring interest rate risk within board-approved limits. As of December 31, 2023, the Company’s interest rate risk profile was within Board-approved limits. The Company’s subsidiary bank has an Asset and Liability Management Committee charged with managing interest rate risk within Board approved limits. Such limits are structured to prohibit an interest rate risk profile that is significantly asset or liability sensitive. Other The Company is involved in various other litigation matters of a routine nature that are being handled and defended in the ordinary course of the Company’s business. In the opinion of Management, based in part on consultation with legal counsel, the resolution of these litigation matters will not have a material impact on the Company’s financial position or results of operations.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	12 Months Ended
	Dec. 31, 2023
STOCKHOLDERS' EQUITY [Abstract]
STOCKHOLDERS' EQUITY	10. STOCKHOLDERS’ EQUITY Common Stock During the years ended December 31, 2023, 2022, and 2021, the Company paid $2.8 million, $2.6 million, and $2.3 million, respectively, of dividends on common stock. On February 18, 2019, the Board of Directors increased the common stock repurchase program to $4.5 million extended the repurchase program until August 31, 2023. On August 30, 2023, the Board of Directors approved an extension of the expiration date of the repurchase program to August 31, 2025. Under this program the Company has repurchased 350,189 common stock shares for $3.1 million at an average price of $8.75 per share. There were no shares repurchased during the years ended December 31, 2023, 2022, or 2021. Equity Compensation Plans The Company has two stock-based compensation plans that are currently available. Both stock options and restricted stock awards can be granted under the terms of the plans. Stock options granted under the terms of the plan generally have a vesting period of 5 years and a contractual life of 10 years, while restricted stock awards generally vest over 5 years. The Company recognizes compensation cost ratably over the requisite service period for all awards. As of December 31, 2023, 302,919 shares were available for future grants of stock awards. Stock Options A summary of the assumptions used in calculating the fair value of stock option awards during the years ended December 31, 2023, 2022, and 2021, are as follows: December 31, 2023 2022 2021 Expected life in years 6.3 6.3 6.4 Risk-free interest rate 3.52 % 2.53 % 1.80 % Expected volatility 27.44 % 28.81 % 36.40 % Annual dividend yield 2.03 % 2.05 % 1.94 % A summary of stock option activity under the plan is presented below: Year ended December 31, 2023 Option Shares Weighted Average Exercise Price Weighted Average Remaining Term Aggregate Intrinsic Value (dollars in thousands, except exercise price) Outstanding options, beginning of period 605,950 $ 9.95 Granted 2,500 14.75 Exercised (54,168 ) 8.41 Forfeited or expired (23,432 ) 11.11 Outstanding options, end of period 530,850 $ 10.08 5.01 $ 3,881 Options exercisable, end of period 385,930 $ 9.46 4.11 $ 3,060 Options expected to vest, end of period 502,653 $ 9.96 4.86 $ 3,736 As of December 31, 2023, there was $0.2 million of total unrecognized compensation cost related to unvested stock options granted under the Company’s plan. That cost is expected to be recognized over a weighted average period of 1.8 years. The total intrinsic value of options exercised during the years ended December 31, 2023, 2022, and 2021, was $0.3 million, $0.5 million, and $0.9 million, respectively. Restricted Stock Awards The following table summarizes the change in nonvested restricted stock awards for the year ended December 31, 2023: Nonvested Restricted Stock Awards Weighted Average Grant-Date Fair Value Unvested options, beginning of period 34,934 $ 13.78 Granted 23,900 14.59 Vested (19,212 ) 14.39 Forfeited (1,718 ) 13.38 Unvested options, end of period 37,904 $ 14.00 As of December 31, 2023, there was $0.3 million of total unrecognized compensation cost related to unvested restricted stock awards granted under the Company’s plan. That cost is expected to be recognized over a weighted average period of 3.7 years.

CAPITAL REQUIREMENTS

CAPITAL REQUIREMENTS	12 Months Ended
	Dec. 31, 2023
CAPITAL REQUIREMENTS [Abstract]
CAPITAL REQUIREMENTS	11. CAPITAL REQUIREMENTS At December 31, 2023 and 2022, the Company qualified for treatment under the Small Bank Holding Company Policy Statement (Regulation Y, Appendix C) and, therefore, is not subject to consolidated capital rules at the holding company level. The following tables illustrates the Bank’s regulatory ratios and the Federal Reserve’s current adequacy guidelines as of December 31, 2023 and 2022. Total Capital (To Risk- Weighted Assets) Tier 1 Capital (To Risk- Weighted Assets) Common Equity Tier 1 (To Risk- Weighted Assets) Leverage Ratio/Tier1 Capital (To Average Assets) December 31, 2023 CWB’s actual regulatory ratios 13.10 % 11.89 % 11.89 % 10.88 % Minimum capital requirements 8.00 % 6.00 % 4.50 % 4.00 % Well-capitalized requirements 10.00 % 8.00 % 6.50 % 5.00 % 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 % As of the most recent formal notification from the Bank’s primary regulatory agency, the Bank was categorized as “well capitalized.” There are no conditions or events since that notification that management believes have changed the Bank’s categorization. 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 had 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 is phasing in the impact of the transition to CECL over a three-year period, starting with the first quarter of 2023.

REVENUE RECOGNITION

REVENUE RECOGNITION	12 Months Ended
	Dec. 31, 2023
REVENUE RECOGNITION [Abstract]
REVENUE RECOGNITION	12. REVENUE RECOGNITION ASC Topic 606 - “Revenue from Contracts with Customers” (“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 of the scope of ASC 606. Revenue from service charges and fees and interchange fees on credit and debit cards are within the scope of ASC 606. Service Charges on Deposit Accounts Service charges on deposit accounts consist of monthly service fees, check orders, account analysis fees, and other deposit account related fees. The Company’s performance obligation for monthly service fees and account analysis fees is generally satisfied, and the related income recognized, over the period in which the service is provided. Check orders and other deposit-related fees are largely transactional based and, therefore, the Company’s performance obligation is satisfied and related income recognized at a point in time. Payment for service charges on deposit accounts is primarily received immediately or in the following month through a direct charge to customers’ accounts. Exchange Fees and Other Service Charges Exchange fees and other service charges are primarily comprised of debit and credit card income, merchant services income, ATM fees, and other service charges. Debit and credit card income is primarily comprised of interchange fees earned whenever the Company’s debit and credit cards are processed through card payment networks such as Visa or MasterCard. Merchant services income is primarily fees charged to merchants to process their debit and credit card transactions. ATM fees are primarily generated when a Company cardholder uses a non-Company ATM or a non-Company cardholder uses a Company ATM. Other service charges include fees from processing wire transfers, cashier’s checks, and other services. The Company’s performance obligations for exchange and other service charges is 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 ASC 606 for the periods indicated: Years Ended December 31, Non-interest income 2023 2022 2021 In-scope of ASC 606: (in thousands) Service charges on deposit accounts $ 538 $ 335 $ 243 Exchange fees and other service charges 449 518 468 Non-interest income (in-scope of ASC 606) 987 853 711 Non-interest income (out-of-scope of ASC 606) 2,766 3,125 3,042 Total $ 3,753 $ 3,978 $ 3,753 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 December 31, 2023 and 2022, the Company did not have any contract balances.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2023
INCOME TAXES [Abstract]
INCOME TAXES	13. INCOME TAXES The provision for income taxes consisted of the following: December 31, 2023 2022 2021 Current: (in thousands) Federal $ 2,133 $ 3,518 $ 3,671 State 1,315 1,994 2,046 3,448 5,512 5,717 Deferred: Federal 80 (178 ) (371 ) State (34 ) (72 ) (134 ) 46 (250 ) (505 ) Total provision for income taxes $ 3,494 $ 5,262 $ 5,212 A reconciliation between the statutory income tax rate and the Company’s effective tax rate is as follows: December 31, 2023 2022 2021 Federal income tax at statutory rate 21.0 % 21.0 % 21.0 % State franchise tax, net of federal benefit 9.0 % 8.2 % 8.6 % Merger costs 1.4 % 0.0 % 0.0 % Other 0.9 % (1.1 )% (1.1 )% Total provision for income taxes 32.3 % 28.1 % 28.5 % The cumulative tax effects of the primary temporary differences are as shown in the following table: December 31, 2023 2022 Deferred Tax Assets: (in thousands) Allowance for credit losses $ 3,678 $ 3,127 Bonus accrual 2 8 Deferred compensation 1,236 1,057 Lease liability 1,301 1,555 Deferred state taxes 273 419 Unrealized loss on AFS securities 408 305 Other 608 586 Total deferred tax assets 7,506 7,057 Deferred Tax Liabilities: Depreciation (455 ) (469 ) Right of use asset (1,281 ) (1,535 ) Total deferred tax liabilities (1,736 ) (2,004 ) Net deferred tax assets $ 5,770 $ 5,053 Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts and their respective tax basis including operating losses and tax credit carryforwards. Net deferred tax assets of $5.8 million and $5.1 million at December 31, 2023 and December 31, 2022, respectively, are reported in other assets on the consolidated balance sheets. Accounting standards Codification Topic 740, Income Taxes There was no valuation allowance on deferred tax assets at December 31, 2023 or December 31, 2022. The Company is subject to the provisions of ASC 740, which The Company is subject to income taxation in the United States and certain state jurisdictions. The Company’s federal and state income tax returns are filed on a consolidated basis. The Company is generally open to examination by tax authorities for the years 2020 and later and state tax authorities for the years 2019 and later.

LEASES

LEASES	12 Months Ended
	Dec. 31, 2023
LEASES [Abstract]
LEASES	14. LEASES The Company has operating leases for office space, which typically have terms of between 2 and 10 years. Rents usually increase annually in accordance with defined rent steps or based on current year consumer price index adjustments. When renewal options exist, the Company generally does not deem them to be reasonably certain to be exercised, and therefore the amounts are not recognized as part of the lease liability nor the ROU asset. As of December 31, 2023, the balance of the ROU assets was $4.3 million and the balance of the lease liabilities were $4.4 million. The ROU assets are included in other assets other liabilities 2023 2022 (dollars in thousands) Lease cost: Operating lease cost $ 1,022 $ 1,012 Sublease income — — Total lease cost $ 1,022 $ 1,012 Other information: Cash paid for amounts included in the measurement of lease liabilities - operating leases $ 1,022 $ 1,003 Weighted average remaining lease term in years - operating leases 6.3 7.0 Weighted average discount rate - operating leases 3.68 % 3.26 % Future minimum operating lease payments as of December 31, 2023 are as follows (in thousands): 2024 $ 1,041 2025 991 2026 891 2027 488 2028 314 Thereafter 1,240 Total future minimum lease payments $ 4,965 Less: remaining imputed interest 565 Total lease liabilities $ 4,400

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	12 Months Ended
	Dec. 31, 2023
EMPLOYEE BENEFIT PLANS [Abstract]
EMPLOYEE BENEFIT PLANS	15. EMPLOYEE BENEFIT PLANS 401(k) Plan The Company has a qualified benefit plan Deferred Compensation Plans A deferred compensation plan covers the executive officers. Under the plan, the Company pays each participant a percentage of their base salary plus interest. Vesting occurs at age 65. A liability is accrued for the obligation under these plans. The expense incurred for the deferred compensation for the years ended December 31, 2023, 2022, and 2021, was $0.2 million, $0.3 million, and $0.2 million, respectively. The Company recognized a deferred compensation liability of $2.5 million and $2.1 million as of December 31, 2023 and 2022, respectively. The Company also provides an unfunded nonqualified deferred compensation arrangement to provide supplemental retirement benefits for the Participants which are a select group of management or highly compensated employees of the Company. The Participants may defer up to 30% of their base salary and bonus each plan year. The 36-month certificate of deposit rate is paid on the vested balance. Salary Continuation The Company has agreements with certain key officers, which provide for a monthly cash payment to the officers or beneficiaries in the event of death, disability, or retirement, beginning in the month after the retirement date or death and extending for a period of fifteen years, subject to vesting. The income from the policy investments will help fund this liability. At December 31, 2023 and 2022, the Company had an accrued salary continuation liability for these agreements of $1.6 million and $1.5 million, respectively, which was included in other liabilities on the consolidated balance sheets. The cash surrender value of the life insurance policies was $8.9 million and $8.7 at December 31, 2023 and 2022, respectively, and is included in other assets on the consolidated balance sheets.

FAIR VALUE MEASUREMENT

FAIR VALUE MEASUREMENT	12 Months Ended
	Dec. 31, 2023
FAIR VALUE MEASUREMENT [Abstract]
FAIR VALUE MEASUREMENT	16. FAIR VALUE MEASUREMENT The fair value of an asset or liability is the price that would be received to sell the asset or paid to transfer the liability in an orderly transaction occurring in the principal market for such asset or liability. ASC 820 establishes a fair value hierarchy that prioritizes the inputs and valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (“Level 1”) and the lowest priority to unobservable inputs (“Level 3”). The three levels of the fair value hierarchy under ASC 820 and the methods and assumptions used by the Company in estimating the fair value of its financial instruments are described in Note 1 - Summary of Significant Accounting Policies – Fair Value of Financial Instruments of these Notes to the Consolidated Financial Statements. The following tables summarize the fair value of assets measured on a recurring basis: Fair Value Measurements at the End of the Reporting Period Using: December 31, 2023 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable (Level 3) Fair Value Assets: (in thousands) Investment securities measured at fair value $ 382 $ — $ — $ 382 Investment securities available-for-sale: U.S. government agency notes — 3,330 — 3,330 U.S. government agency CMOs — 3,944 — 3,944 Corporate debt securities — 7,958 — 7,958 Interest only strips — — 5 5 Servicing assets — — 12 12 $ 382 $ 15,232 $ 17 $ 15,631 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 CMOs — 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 $ 225 $ 26,688 $ 33 $ 26,946 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. The techniques used 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 strips (“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. Historically, the Company has elected to use the amortizing method for the treatment of servicing assets and has measured for impairment on a quarterly basis. 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. 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, as follows: 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) As of December 31, 2023 Other assets acquired through foreclosure $ 982 $ — $ 982 $ — $ 982 $ — $ 982 $ — As of December 31, 2022 Impaired loans $ 3,805 $ — $ 3,805 $ — Other assets acquired through foreclosure 2,250 — 2,250 — $ 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. Such loans are measured at the fair value of the loan’s collateral. The fair value of the loan’s collateral is determined by appraisals or independent valuations which may contain a wide range of values and therefore the Company classifies the fair value of the collateral dependent loans as a non-recurring valuation within Level 2 of the valuation hierarchy. 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 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: December 31, 2023 Carrying Fair Value Amount Level 1 Level 2 Level 3 Total Financial assets: (in thousands) Cash and cash equivalents $ 72,198 $ 72,198 $ — $ — $ 72,198 FHLB and FRB stock 4,865 — 4,865 — 4,865 Investment securities - available-for-sale 15,232 — 15,232 — 15,232 Investment securities - held-to-maturity 2,135 — 2,056 — 2,056 Investment securities - measured at fair value 382 382 — — 382 Loans held for sale and loans held for investment, net 955,021 — 905,073 — 905,073 Accrued interest receivable 5,655 — 5,655 — 5,655 Servicing assets 1,305 — — 2,583 2,583 Interest only strips 5 — — 5 5 Financial liabilities: Deposits 852,938 — 850,236 — 850,236 FHLB advances and other borrowings 100,000 — 95,426 — 95,426 Accrued interest payable 2,355 — 2,355 — 2,355 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 FRB and FHLB 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 held for sale and loans held for investment, net 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 and other borrowings 90,000 — 83,322 — 83,322 Accrued interest payable 126 — 126 — 126 Fair value of commitments Loan commitments on which the committed interest rates were less than the current market rate are insignificant at December 31, 2023 and 2022. The estimated fair value of standby letters of credit outstanding at December 31, 2023 and 2022 were also insignificant.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME	12 Months Ended
	Dec. 31, 2023
ACCUMULATED OTHER COMPREHENSIVE INCOME [Abstract]
ACCUMULATED OTHER COMPREHENSIVE INCOME	17. ACCUMULATED OTHER COMPREHENSIVE INCOME The following table summarizes the changes in accumulated other comprehensive income by component, net of tax for the period indicated: Year Ended December 31, 2023 2022 2021 Unrealized holding gains (losses) on AFS (in thousands) Beginning balance $ (771 ) $ 92 $ 35 Other comprehensive income (loss) (245 ) (863 ) 57 Net current-period other comprehensive income (245 ) (863 ) 57 Ending balance $ (1,016 ) $ (771 ) $ 92 There were no reclassifications out of accumulated other comprehensive income for the years ended December 31, 2023, 2022, or 2021.

PARENT COMPANY FINANCIAL INFORM

PARENT COMPANY FINANCIAL INFORMATION	12 Months Ended
	Dec. 31, 2023
PARENT COMPANY FINANCIAL INFORMATION [Abstract]
PARENT COMPANY FINANCIAL INFORMATION	18. PARENT COMPANY FINANCIAL INFORMATION The condensed financial statements of the holding company are presented in the following tables: COMMUNITY WEST BANCSHARES Condensed Balance Sheets December 31, 2023 2022 (in thousands) Assets: Cash and cash equivalents $ 10,498 $ 67 Investment in subsidiary 115,407 112,183 Other assets 521 419 Total assets $ 126,426 $ 112,669 Liabilities and Stockholders’ Equity: Other borrowings $ 10,000 $ — Other liabilities 182 19 Total liabilities 10,182 19 Total stockholders’ equity 116,244 112,650 Total liabilities and stockholders’ equity $ 126,426 $ 112,669 COMMUNITY WEST BANCSHARES Condensed Income Statements December 31, 2023 2022 2021 (in thousands) Interest income $ — $ — $ — Interest expense 51 16 17 Net interest expense (51 ) (16 ) (17 ) Provision for credit losses — — — Net interest expense after provision for credit losses (51 ) (16 ) (17 ) Equity in income from consolidated subsidiary 8,668 13,779 13,271 Total income 8,617 13,763 13,254 Total non-interest expenses 1,624 525 420 Income before income tax benefit 6,993 13,238 12,834 Income tax benefit (323 ) (211 ) (267 ) Net income $ 7,316 $ 13,449 $ 13,101 COMMUNITY WEST BANCSHARES Condensed Statements of Cash Flows December 31, 2023 2022 2021 (in thousands) Cash Flows from Operating Activities: Net income $ 7,316 $ 13,449 $ 13,101 Adjustments to reconcile net income to cash provided by operating activities: Equity in undistributed income from subsidiary (8,668 ) (13,779 ) (13,271 ) Stock-based compensation 464 289 318 Changes in: Other assets (102 ) (221 ) 41 Other liabilities 163 15 (215 ) Net cash used in operating activities (827 ) (247 ) (26 ) Cash Flows from Investing Activities: Net dividends from and investment in subsidiary 3,626 1,375 1,600 Net cash provided by investing activities 3,626 1,375 1,600 Cash Flows from Financing Activities: Proceeds from other borrowings 20,000 — — Repayments of other borrowings (10,000 ) — — Common stock dividends paid (2,824 ) (2,574 ) (2,312 ) Proceeds from exercise of stock options 456 974 1,204 Net cash provided by (used in) financing activities 7,632 (1,600 ) (1,108 ) Net increase (decrease) in cash and cash equivalents 10,431 (472 ) 466 Cash and cash equivalents at beginning of year 67 539 73 Cash and cash equivalents at end of year $ 10,498 $ 67 $ 539

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2023
SUBSEQUENT EVENTS [Abstract]
SUBSEQUENT EVENTS	19. SUBSEQUENT EVENTS On January 26, 2024, the Company’s Board of Directors declared a quarterly cash dividend of $0.08 per common share, payable on February 29, 2024, to common shareholders of record on February 9, 2024. On April 1, 2024, the merger between Central Valley Community Bancorp and the Company was completed, as described more fully in Note 1 - Summary of Significant Accounting Policies.

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2023
Insider Trading Arrangements [Line Items]
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 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 as the “Company.”
Basis of Presentation	Basis of Presentation The accounting and reporting policies of the Company are in accordance with accounting principles generally accepted in the United States (“GAAP”) and conform to practices within the 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.
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 fair value of investment securities available for sale. Although management believes these estimates to be reasonably accurate, actual amounts may differ. In the opinion of management, all adjustments considered necessary have been reflected in the financial statements during their preparation.
Proposed Merger	Proposed Merger On October 10, 2023, the Company announced the signing of an Agreement of Reorganization and Merger with Central Valley Community Bancorp (NASDAQ: CVCY), headquartered in Fresno, California, together with its banking subsidiary, Central Valley Community Bank, pursuant to which the companies will combine in an all-stock merger transaction. Under the terms of the agreement, Community West Bancshares will merge with and into Central Valley Community Bancorp and Community West Bank will merge with and into Central Valley Community Bank. The Central Valley Community Bancorp and Community West Bancshares Boards of Directors have unanimously approved the transaction. The merger closed on April 1, 2024. On the effective date of the merger, Central Valley Community Bancorp and Central Valley Community Bank were rebranded and changed their names to “Community West Bancshares” and “Community West Bank,” respectively.
Concentrations of Lending Activities	Concentrations of Lending Activities The Company’s lending activities are primarily driven by the customers served in the market areas where the Company has branch offices in the Central Coast of California. The Company monitors concentrations within selected categories, such as geography and product. The Company makes manufactured housing, commercial, SBA, construction, commercial real estate, single family real estate, and consumer loans to customers through branc h offices located in the Company’s primary markets. The Company’s business is concentrated in these areas and the loan portfolio includes significant credit exposure to the commercial real estate and manufactured housing markets of these areas. As of December 31, and , commercial real estate loans accounted for approximately and of total loans (including loans held for sale), respectively d at December 31, and , respectively. As of December 31, and , manufactured housing loans comprised 34.1% and , respectively, of total loans. The Company was within established lending policy limits at December 31, and .
Reclassifications	Reclassifications Certain amounts in the consolidated financial statements as of December 31, 2023 and 2022, and for the years ended December 31, 2023, 2022, and 2021, have been reclassified to conform to the current presentation. The reclassifications have no effect on net income or stockholders’ equity as previously reported.
Business Segments	Business Segments Reportable business segments are determined using the “management approach” and are intended to present reportable segments consistent with how the chief operating decision maker organizes segments within the company for making operating decisions and assessing performance. As of December 31, 2023 and 2022, the Company had only one reportable business segment.
Cash and Cash Equivalents	Cash and Cash Equivalents For purposes of reporting cash flows, cash and cash equivalents include cash on hand and amounts due from banks (including cash items in process of clearing). Cash flows from loans originated by the Company and deposits are reported net. The Company maintains amounts due from banks, which at times may exceed federally insured limits. The Company has not experienced any losses in such accounts.
Cash Reserve Requirement	Cash Reserve Requirement Depository institutions are required by law to maintain reserves against their transaction deposits. The reserves must be held in cash or with the Federal Reserve Bank. The amount of the reserve varies by bank as the bank is permitted to meet this requirement by maintaining the specified amount as an average balance over a two-week period. The Federal Reserve reduced the reserve requirement ratio to zero percent across all deposit tiers as of March 26, 2020, to aid institutions impacted by COVID-19.
Investment Securities	Investment Securities Investment securities may be classified as held-to-maturity (“HTM”), available-for-sale (“AFS”), or trading. The appropriate classification is initially decided at the time of purchase. Securities classified as HTM are those debt securities the Company has both the intent and ability to hold to maturity regardless of changes in market conditions, liquidity needs, or general economic conditions. These securities are carried at amortized cost. The sale of a security within three months of its maturity date or after the majority of the principal outstanding has been collected is considered a maturity for purposes of classification and disclosure. Securities classified as AFS are debt securities the Company intends to hold for an indefinite period of time, but not necessarily to maturity. Any decision to sell a security classified as AFS would be based on various factors, including significant movements in interest rates, changes in the maturity mix of the Company’s assets and liabilities, liquidity needs, decline in credit quality, and regulatory capital considerations. AFS securities are reported as an asset on the consolidated balance sheets at their estimated fair value. As the fair value of AFS securities changes, the changes are reported net of income tax as an element of other comprehensive income (loss) (“OCI”). When AFS securities are sold, the unrealized gain or loss is reclassified from OCI to non-interest income. Trading securities are carried at fair value on the consolidated balance sheets. The changes in the fair values of trading securities are reported in other income on the consolidated income statements. Interest income on securities is recognized based on the coupon rate and increased by accretion of discounts earned or decreased by the amortization of premiums paid over the contractual life of the security using the interest method. For mortgage-backed securities, estimates of prepayments are considered in the constant yield calculations. 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 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 the current period’s 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, a security in an unrealized loss position before the recovery of its amortized cost basis, the total amount of the unrealized loss is recognized in the current period’s earnings. Unrealized losses deemed non-credit related are recorded, net of tax, through accumulated other comprehensive income (loss). 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 is excluded from the estimate of the required allowance for credit losses. Prior to the adoption of ASC 326 on January 1, 2023, the Company estimated whether there were any other than temporary impairment losses related to HTM or AFS securities. When making this determination, management considered: 1) the length of time and the extent to which the fair value was less than the security’s amortized cost; 2) the financial condition and near term prospects of the issuer; 3) the impact of changes in market interest rates; and 4) the intent and ability of the Company to retain its investment for a period of time sufficient to allow for any anticipated recovery in a security’s fair value whether it was more likely than not that the Company would be required to sell the security. Declines in the fair value of individual debt securities classified as AFS that were deemed to be other than temporary were reflected in earnings when identified. The fair value of the debt security then became the new cost basis. For individual debt securities where the Company did not intend to sell the security and it was not more likely than not that the Company would have been required to sell the security before the recovery of its amortized cost basis, the other than temporary decline in fair value of the debt security related to 1) credit loss was recognized in earnings, and 2) market or other factors was recognized in other comprehensive income or loss.
FHLB and FRB Stock	FHLB and FRB Stock The Company’s subsidiary bank is a member of the FHLB system and maintains an investment in capital stock of the FHLB. The bank also maintains an investment in FRB stock. These investments are considered equity securities with no actively traded market. These investments are carried at cost, which is equal to the value at which they may be redeemed. The dividend income received from the stock is reported in interest and dividend income. Management conducts a periodic review and evaluation of the Company’s holdings of FHLB and FRB stock to determine if any impairment exists. No impairment was deemed to have existed during the years ended December 31, 2023 or 2022.
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 their amortized cost or estimated fair value, determined on an aggregate basis. Valuation adjustments, if any, are recognized through a valuation allowance by charges to lower of cost or fair value provision. Loans held for sale are comprised of SBA and commercial agriculture loans. The Company did not incur any lower of cost or fair value provision in the years ended December 31, 2023, 2022, and 2021.
Loans Held for Investment	Loans Held for Investment Loans are recognized at the principal amount outstanding, net of unearned income, loan participations, and amounts charged off. Unearned income includes deferred loan origination fees reduced by loan origination costs. Unearned income on loans is amortized to interest income over the life of the related loan using the level yield method. Interest income on loans is accrued daily using the effective interest method and recognized over the terms of the loans. Loan fees collected for the origination of loans less direct loan origination costs (net deferred loan fees) are amortized over the contractual life of the loan through interest income. If the loan has scheduled payments, the amortization of the net deferred loan fee is calculated using the interest method over the contractual life of the loan. If the loan does not have scheduled payments, such as a line of credit, the net deferred loan fee is recognized as interest income on a straight-line basis over the contractual life of the loan commitment. Commitment fees based on a percentage of a customer’s unused line of credit and fees related to standby letters of credit are recognized over the commitment period. When loans are repaid, any remaining unamortized balances of unearned fees, deferred fees and costs, and premiums and discounts paid on purchased loans are relieved though interest income. When a borrower discontinues making payments as contractually required by the note, management 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 borrower 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. The allowance for credit losses (“ACL”) for loans 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 on loans (which is a component of the provision for credit losses on the consolidated income statements) 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 an ACL 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 loan 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. 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. In certain cases, the Company may hold business assets as collateral. 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 calculation of the ACL 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, the impact of droughts in the Company’s lending areas, and other relevant factors. 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. 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
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 provide for 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 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 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 considered 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 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 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 fair value of the underlying collateral, less estimated selling costs. 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 allowance for credit losses is required under ASC 326. The ACL for off-balance sheet commitments includes 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.
Premises and Equipment	Premises and Equipment Premises and equipment are stated at cost, less accumulated depreciation and amortization. Depreciation is computed using the straight-line method over the estimated useful lives of the assets. The estimated useful lives of premises and equipment are as follows: Years Building and improvements 20 - 30 Furniture and equipment 5 - 10 Electronic equipment and software 3 - 5 Leasehold improvements are amortized over the terms of the leases or the estimated useful lives of the improvements, whichever is shorter.
Leases	Leases At inception, contracts are evaluated to determine whether the contract constitutes a lease agreement. For contracts that are determined to be an operating lease, a corresponding Right of Use (“ROU”) asset and operating lease liability are recorded in separate line items on the consolidated balance sheets. ROU assets represent the Company’s right to use an underlying asset during the lease term and a lease liability represents the Company’s commitment to make contractually obligated lease payments. Operating lease ROU assets and liabilities are recognized at the commencement date of the lease and are based on the present value of lease payments over the lease term. The measurement of the operating lease ROU asset includes any lease payments made and is reduced by lease incentives that are paid or are payable to the Company. Variable lease payments that depend on an index are included in lease payments based on the rate in effect at the commencement date of the lease. Lease payments are recognized on a straight-line basis as part of occupancy expense over the lease term. As the rate implicit in the lease is not readily determinable, the Company’s incremental borrowing rate is used to determine the present value of lease payments. This rate gives consideration to the applicable FHLB collateralized borrowing rates and is based on the information available at the commencement date. The Company has elected to apply the short-term lease measurement and recognition exemption to leases with an initial term of 12 months or less, therefore, these leases are not recorded on the Company’s consolidated balance sheets. Lease expense of these leases is recognized over the lease term on a straight-line basis. The Company’s lease agreements may include options to extend or terminate the lease. These options are included in the lease term when it is reasonably certain that the option will be exercised. The Company has also elected the practical expedient that allows lessees to make an accounting policy election to not separate non-lease components from the associated lease component, and instead account for them all together as part of the applicable lease component. The majority of the Company’s non-lease components, such as common area maintenance and taxes, are variable and expensed as incurred. Variable payment amounts are determined in arrears by the landlord depending on actual costs incurred.
Other Assets Acquired Through Foreclosure, Net	Other Acquired Through Foreclosure, Net Other
Servicing Assets	Servicing Assets The guaranteed portion of certain SBA loans can be sold into the secondary market. Servicing assets are recognized as separate assets when loans are sold with servicing retained. Servicing assets are amortized in proportion to, and over the period of, estimated future net servicing income. The Company uses industry prepayment statistics and its own prepayment experience in estimating the expected life of the loans. Management evaluates its servicing assets for impairment quarterly. Servicing assets are evaluated for impairment based upon the fair value of the rights as compared to amortized cost. Fair value is determined using discounted future cash flows calculated on a loan-by-loan basis and aggregated by predominate risk characteristics. The initial servicing asset and resulting gain on sale for SBA loan sales are calculated based on the difference between the best actual par and premium bids on an individual loan basis. SBA servicing assets measured at fair value were $12 thousand and $26 thousand for the years ended December 31, 2023 and 2022, respectively. Changes in the fair values are recorded in other income in the consolidated income statements. In prior periods, the Company carried SBA servicing assets measured under the amortization method. There were no remaining SBA servicing assets measured at amortized cost at December 31, 2023 or 2022 . CWB is an approved Federal Agricultural Mortgage Corporation (“Farmer Mac”) seller/servicer. Servicing assets are recognized as separate assets as certain servicing requirements are retained. Servicing assets are amortized over the period of estimated net servicing income. CWB uses Farmer Mac prepayment statistics in estimating the expected life of the loans. Management evaluates its servicing assets for impairment quarterly. Servicing assets are evaluated for impairment based on the fair value of the rights as compared to amortized cost. Fair value is determined using discounted future cash flows calculated on a loan-by-loan basis. The initial servicing asset and resulting gain is calculated based on the contractual net servicing fees. Farmer Mac servicing assets are valued based on the net servicing fee, estimated life of seven years, and discounted using the Company’s borrowing rate (the discount rate used was 5.63% and 5.91% at December 31, 2023 and 2022, respectively). Farmer Mac servicing assets measured under the amortization method were $1.3 million and $1.5 million at December 31, 2023 and 2022, respectively. Servicing assets are recorded in other assets on the consolidated balance sheets. Year Ended December 31 SBA servicing assets measured at fair value 2023 2022 2021 (in thousands) Balance, beginning of period $ 26 $ 44 $ 43 Valuation adjustment (14 ) (18 ) 1 Balance, end of period $ 12 $ 26 $ 44 Year Ended December 31 SBA servicing assets measured using the amortization method 2023 2022 2021 (in thousands) Balance, beginning of period $ — $ — $ 27 Amortization, net — — (6 ) Valuation adjustment — — (21 ) Balance, end of period $ — $ — $ — Year Ended December 31 Farmer Mac servicing assets measured using the amortization method 2023 2022 2021 (in thousands) Balance, beginning of period $ 1,454 $ 1,556 $ 1,391 Additions 171 257 475 Amortization, net (332 ) (359 ) (310 ) Balance, end of period $ 1,293 $ 1,454 $ 1,556
Transfers of Financial Assets	Transfers of Financial Assets Transfers of financial assets are accounted for as sales when control over the assets has been relinquished. Control over transferred assets is deemed to have been surrendered when the assets have been isolated from the Company, the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge and exchange the transferred assets, and the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity.
Bank Owned Life Insurance	Bank Owned Life Insurance Bank owned life insurance is stated at its cash surrender value with changes recorded in other income in the consolidated income statements. The cash surrender value of the underlying policies was $8.9 million and $8.7 million as of December 31, 2023 and 2022, respectively, and was recorded in other assets on the consolidated balance sheets. There are no loans offset against cash surrender values, and there are no restrictions as to the use of proceeds.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities. FASB ASC 820 - “Fair Value Measurements and Disclosures” (“ASC 820”) established a framework for measuring fair value using a three-level valuation hierarchy for disclosure of fair value measurement. The valuation hierarchy is based upon the transparency of inputs to the valuation of an asset as of the measurement date. ASC 820 establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that observable inputs be used when available. Observable inputs are inputs that market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the Company. Unobservable inputs are inputs that reflect the Company’s assumptions about the factors market participants would consider in pricing the asset or liability developed based on the best information available in the circumstances. The hierarchy is broken down into three levels based on the reliability of inputs, as follows: • Level 1— Observable quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. • Level 2— Observable quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, matrix pricing, or model-based valuation techniques where all significant assumptions are observable, either directly or indirectly in the market. • Level 3— Model-based techniques where all significant assumptions are not observable, either directly or indirectly, in the market. These unobservable assumptions reflect management’s estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques may include use of discounted cash flow models and similar techniques. The availability of observable inputs varies based on the nature of the specific financial instrument. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised by the Company in determining fair value is greatest for instruments categorized in Level 3. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement in its entirety falls is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Fair value is a market-based measure considered from the perspective of a market participant who holds the asset or owes the liability rather than an entity-specific measure. When market assumptions are available, ASC 820 requires the Company to make assumptions regarding the assumptions that market participants would use to estimate the fair value of the financial instrument at the measurement date. FASB ASC 825 - “Financial Instruments” Management uses its best judgment in estimating the fair value of the Company’s financial instruments; however, there are inherent limitations in any estimation technique. Therefore, for substantially all financial instruments, the fair value estimates presented herein are not necessarily indicative of the amounts the Company could have realized in a sales transaction at December 31, 2023 or 2022. The estimated fair value amounts for December 31, 2023 and 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. The information presented in Note 16 - Fair Value Measurement 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 methods and assumptions were used by the Company in estimating the fair value of its financial instruments: Cash and cash equivalents - Investment securities - FRB and FHLB stock - Loans - Accrued interest receivable and payable Deposit liabilities - Federal Home Loan Bank advances and other borrowings - Off-balance sheet instruments -
Stock-Based Compensation	Stock-Based Compensation Compensation cost is recognized for stock options and restricted stock awards issued to employees based on the fair value of the awards at the date of grant. A Black-Scholes model is utilized to estimate the fair value of stock options, while the market price of the Company’s common stock at the date of grant is used for restricted stock awards. Compensation cost is recognized over the required service period, generally defined as the vesting period. For awards with graded vesting, compensation is recognized on a straight-line basis over the requisite service period for the entire award. The Company’s accounting policy is to recognize forfeitures as they occur.
Income Taxes	Income Taxes The Company uses the asset and liability method, which recognizes an asset or liability representing the tax effects of future deductible or taxable amounts that have been recognized in the consolidated financial statements. Due to tax regulations, certain items of income and expense are recognized in different periods for tax return purposes than for financial statement reporting. These items represent “temporary differences.” Deferred income taxes are recognized for the tax effect of temporary differences between the tax basis of assets and liabilities and their financial reporting amounts at each period end based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. A valuation allowance is established for deferred tax assets if, based on the weight of available evidence, it is more likely than not that some portion or all of the deferred tax assets may not be realized. Any interest or penalties assessed by the taxing authorities is classified as income tax expense in the consolidated income statements. Deferred tax assets net of deferred tax liabilities 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” (“ASC 740”). ASC 740 prescribes a more likely than not threshold for the financial statement recognition of uncertain tax positions. ASC 740 clarifies the accounting for income taxes by prescribing a minimum recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. On a quarterly basis, the Company evaluates income tax accruals in accordance with ASC 740 guidance on uncertain tax positions.
Earnings Per Share	Earnings Per Share Basic earnings per common share is computed using the weighted average number of common shares outstanding for the period divided into the net income available to common shareholders. Diluted earnings per share is computed using the treasury stock method and includes the effect of all dilutive potential common shares for the period. Potentially dilutive common shares include stock options. Restricted stock awards are considered to be outstanding common shares for the purpose of computing basic and diluted earnings per share. The factors used in the earnings per share computation are as follows: Year Ended December 31 2023 2022 2021 (dollars in thousands, except per share amounts) Net income available to common stockholders $ 7,316 $ 13,449 $ 13,101 Weighted average number of common shares outstanding - basic 8,840,524 8,722,481 8,567,839 Add: Dilutive effects of assumed exercises of stock options 138,677 169,646 155,099 Weighted average number of common shares outstanding - diluted 8,979,201 8,892,127 8,722,938 Earnings per share: Basic $ 0.83 $ 1.54 $ 1.53 Diluted $ 0.81 $ 1.51 $ 1.50 Stock options for 114,002; 95,304; and 101,010 shares of common stock were not considered in computing diluted earnings per share for the years ended December 31, 2023, 2022, and 2021, respectively, because they were antidilutive.
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements In June of 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 to 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. 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 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 Adoption As Reported Under CECL (in thousands) Assets: Allowance for credit losses on securities: Available-for-sale $ — $ — $ — Held-to-maturity — — — Allowance for credit losses on 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 Shareholders’ equity: Retained earnings 67,727 (1,573 ) 66,154 The Company’s assessment of HTM and AFS 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 HTM investment securities was remote, and the amount of expected non-repayment on those investments was zero. The Company also analyzed AFS 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 HTM and AFS 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. Recent Accounting Pronouncements - Not Yet Adopted In November 2023, the FASB issued ASU no 2023-07 - “Segment Reporting (Topic 820): Improvements to Reportable Segment Disclosures” (“ASU 2023-07”). This ASU expands disclosures about a public entity’s reportable segments and requires more enhanced information about a reportable segment’s expenses, interim segment profit or loss, and how a public entity’s chief operating decision maker uses reported segment profit or loss information in assessing segment performance and allocating resources. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Early adoption is permitted. ASU 2023-07 should be applied retrospectively to all prior periods presented in the financial statements. The Company does not expect ASU 2023-07 to have a material effect on the Company’s current financial position, results of operations, or financial statement disclosures. In December 2023, the FASB issued ASU No 2023-09 - “Income Taxes (Topic 740): Improvements to Income Tax Disclosures” (“ASU 2023-09”). ASU 2023-09 expands disclosures in the rate reconciliation and requires disclosure of income taxes paid by jurisdiction. ASU 2023-09 is effective for fiscal years beginning after December 15, 2024. Early adoption is permitted. ASU 2023-09 should be applied prospectively; however, retrospective application is permitted. The Company does not expect ASU 2023-09 to have a material effect on the Company’s current financial position, results of operations, or financial statement disclosures.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2023
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Estimated Useful Lives of Other Items of Premises and Equipment	Premises and equipment are stated at cost, less accumulated depreciation and amortization. Depreciation is computed using the straight-line method over the estimated useful lives of the assets. The estimated useful lives of premises and equipment are as follows: Years Building and improvements 20 - 30 Furniture and equipment 5 - 10 Electronic equipment and software 3 - 5 Leasehold improvements are amortized over the terms of the leases or the estimated useful lives of the improvements, whichever is shorter.
Servicing Assets Measured at Fair Value	Year Ended December 31 SBA servicing assets measured at fair value 2023 2022 2021 (in thousands) Balance, beginning of period $ 26 $ 44 $ 43 Valuation adjustment (14 ) (18 ) 1 Balance, end of period $ 12 $ 26 $ 44
Servicing Assets Measured Under the Amortization Method	Year Ended December 31 SBA servicing assets measured using the amortization method 2023 2022 2021 (in thousands) Balance, beginning of period $ — $ — $ 27 Amortization, net — — (6 ) Valuation adjustment — — (21 ) Balance, end of period $ — $ — $ — Year Ended December 31 Farmer Mac servicing assets measured using the amortization method 2023 2022 2021 (in thousands) Balance, beginning of period $ 1,454 $ 1,556 $ 1,391 Additions 171 257 475 Amortization, net (332 ) (359 ) (310 ) Balance, end of period $ 1,293 $ 1,454 $ 1,556
Components of Basic and Diluted Earnings Per Share	The factors used in the earnings per share computation are as follows: Year Ended December 31 2023 2022 2021 (dollars in thousands, except per share amounts) Net income available to common stockholders $ 7,316 $ 13,449 $ 13,101 Weighted average number of common shares outstanding - basic 8,840,524 8,722,481 8,567,839 Add: Dilutive effects of assumed exercises of stock options 138,677 169,646 155,099 Weighted average number of common shares outstanding - diluted 8,979,201 8,892,127 8,722,938 Earnings per share: Basic $ 0.83 $ 1.54 $ 1.53 Diluted $ 0.81 $ 1.51 $ 1.50
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 Adoption As Reported Under CECL (in thousands) Assets: Allowance for credit losses on securities: Available-for-sale $ — $ — $ — Held-to-maturity — — — Allowance for credit losses on 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 Shareholders’ equity: Retained earnings 67,727 (1,573 ) 66,154

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	12 Months Ended
	Dec. 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: December 31, 2023 Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value Securities available-for-sale (in thousands) U.S. government agency notes $ 3,318 $ 13 $ (1 ) $ 3,330 U.S. government agency collateralized mortgage obligations (“CMOs”) 4,114 — (170 ) 3,944 Corporate debt securities 9,250 — (1,292 ) 7,958 Total 16,682 13 (1,463 ) 15,232 Securities held-to-maturity U.S. government agency MBS $ 2,135 $ 8 $ (87 ) $ 2,056 Total $ 2,135 $ 8 $ (87 ) $ 2,056 Securities measured at fair value Equity securities: Farmer Mac class A stock $ 66 $ 316 $ — $ 382 Total $ 66 $ 316 $ — $ 382 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 CMOs 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 at December 31, 2023 and 2022 were as follows: December 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 $ — — $ — — $ 469 5.85 % $ 2,861 6.89 % $ 3,330 6.74 % U.S. government agency CMOs — — — — 453 3.43 % 3,491 5.66 % 3,944 5.40 % Corporate debt securities — — — — 7,958 3.74 % — — 7,958 3.74 % Total $ — — $ — — $ 8,880 3.84 % $ 6,352 6.21 % $ 15,232 4.83 % Securities held-to-maturity U.S. government agency MBS $ — — $ — — $ 826 3.99 % $ 1,309 4.57 % $ 2,135 4.35 % Total $ — — $ — — $ 826 3.99 % $ 1,309 4.57 % $ 2,135 4.35 % 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 CMOs — — — — — — 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 investment securities by contractual maturities as of the periods presented were as shown below: December 31, 2023 2022 Amortized Cost Fair Value Amortized Cost Fair Value Securities available for sale (in thousands) Due in one year or less $ — $ — $ 9,984 $ 9,970 After one year through five years — — — — After five years through ten years 10,206 8,880 9,768 8,834 After ten years 6,476 6,352 8,038 7,884 Total $ 16,682 $ 15,232 $ 27,790 $ 26,688 Securities held to maturity Due in one year or less $ — $ — $ — $ — After one year through five years — — — — After five years through ten years 826 792 746 705 After ten years 1,309 1,264 1,811 1,718 Total $ 2,135 $ 2,056 $ 2,557 $ 2,423
Fair Value and Unrealized Losses of Securities in Unrealized Loss Position	As of December 31, 2023 and 2022, securities that were in an unrealized loss position and length of time that individual securities have been in a continuous loss position are summarized as follows December 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 notes $ (1 ) $ 988 $ — $ — $ (1 ) $ 988 U.S. government agency CMOs — — (170 ) 3,944 (170 ) 3,944 Corporate debt securities — — (1,292 ) 7,958 (1,292 ) 7,958 Total $ (1 ) $ 988 $ (1,462 ) $ 11,902 $ (1,463 ) $ 12,890 Securities held-to-maturity U.S. government agency MBS $ — $ — $ (87 ) $ (1,718 ) $ (87 ) $ (1,718 ) Total $ — $ — $ (87 ) $ (1,718 ) $ (87 ) $ (1,718 ) 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 CMOs $ (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)	12 Months Ended
	Dec. 31, 2023
LOANS HELD FOR SALE AND LOANS SERVICED FOR OTHERS [Abstract]
Unpaid Balance of Loan Serviced for Others	The unpaid balance of loans serviced for others as of the periods presented are shown below: December 31, 2023 December 31, 2022 (in thousands) Farmer Mac $ 162,242 $ 155,522 SBA 1,388 1,926 USDA, FSA, and USDA Business and Industry — 735 Total loans serviced for others $ 163,630 $ 158,183

LOANS HELD FOR INVESTMENT (Tabl

LOANS HELD FOR INVESTMENT (Tables)	12 Months Ended
	Dec. 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: December 31, 2023 2022 (in thousands) Manufactured housing $ 330,358 $ 315,825 Commercial real estate 560,373 545,317 Commercial 46,255 59,070 SBA 1,753 3,482 HELOC 2,556 2,613 Single family real estate 10,350 8,709 Consumer 71 107 Gross loans held for investment 951,716 935,123 Deferred fees, net (867 ) (787 ) Discount on SBA loans (25 ) (27 ) Loans held for investment 950,824 934,309 Allowance for credit losses (12,451 ) (10,765 ) Loans held for investment, net $ 938,373 $ 923,544
Contractual Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans	The following tables present the contractual aging of the recorded investment in past due held for investment loans by class of loans: December 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 $ 329,636 $ 537 $ 142 $ 43 $ 722 $ 330,358 Commercial real estate: Commercial real estate 486,180 8,207 — 2,049 10,256 496,436 SBA 504 1st trust deed 12,199 — — — — 12,199 Land 6,021 — — — — 6,021 Construction 43,767 — — 1,950 1,950 45,717 Commercial 42,313 3,695 — 247 3,942 46,255 SBA 1,690 62 — 1 63 1,753 HELOC 2,556 — — — — 2,556 Single family real estate 10,350 — — — — 10,350 Consumer 71 — — — — 71 Total $ 934,783 $ 12,501 $ 142 $ 4,290 $ 16,933 $ 951,716 December 31, 2022 Current 30-59 Days Past Due 60-89 Days Past Due Over 90 Days Past Due Total Past Due Total (in thousands) Manufactured housing $ 315,058 $ 665 $ 102 $ — $ 767 $ 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 8,709 — — — — 8,709 Consumer 107 — — — — 107 Total $ 932,243 $ 2,778 $ 102 $ — $ 2,880 $ 935,123
Composition of Nonaccrual Loans	The following table presents the composition of nonaccrual loans as of December 31, 2023 and 2022 December 31, 2023 December 31, 2022 With an ACL Without an ACL Total Nonaccrual With an ACL Without an ACL Total Nonaccrual (in thousands) Manufactured housing $ 77 $ 913 $ 990 $ — $ 61 $ 61 Commercial real estate: Commercial real estate — 800 800 — — — SBA 504 1st trust deed — 41 41 — — — Construction — 1,950 1,950 — — — Commercial — 87 87 — — — Single family real estate — 138 138 — 150 150 Total $ 77 $ 3,929 $ 4,006 $ — $ 211 $ 211
Analysis of Allowance for Loan Losses for Loans Held for Investment	The following tables summarize the changes in the allowance for credit losses by portfolio type. Prior to the adoption of ASC 326 on January 1, 2023, the allowance for loan losses was determined in accordance with ASC 450 - “Contingencies” (“ASC 450”) and ASC 310 - “Receivables” (“ASC 310”). For the Year Ended December 31, Manufactured Housing Commercial Real Estate Commercial SBA HELOC Single Family Real Estate Consumer Total 2023 (in thousands) Beginning balance, prior to the 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 — (27 ) — — — — — (27 ) Recoveries 82 80 47 32 — — — 241 Net (charge-offs) recoveries 82 53 47 32 — — — 214 Provision (credit) for credit losses (254 ) 245 (310 ) (34 ) (3 ) 18 (1 ) (339 ) Ending balance $ 5,378 $ 6,309 $ 554 $ 4 $ 41 $ 164 $ 1 $ 12,451 2022 Beginning balance $ 2,606 $ 6,729 $ 923 $ 22 $ 18 $ 105 $ 1 $ 10,404 Charge-offs — — — (182 ) — — — (182 ) Recoveries 139 80 190 316 12 — 1 738 Net (charge-offs) recoveries 139 80 190 134 12 — 1 556 Provision (credit) for credit losses 1,134 (829 ) (366 ) (135 ) (3 ) 2 2 (195 ) Ending balance $ 3,879 $ 5,980 $ 747 $ 21 $ 27 $ 107 $ 4 $ 10,765 2021 Beginning balance $ 2,612 $ 5,950 $ 1,379 $ 118 $ 25 $ 108 $ 2 $ 10,194 Charge-offs — — — — — — (1 ) (1 ) Recoveries 218 80 40 47 6 1 — 392 Net (charge-offs) recoveries 218 80 40 47 6 1 (1 ) 391 Provision (credit) for credit losses (224 ) 699 (496 ) (143 ) (13 ) (4 ) — (181 ) Ending balance $ 2,606 $ 6,729 $ 923 $ 22 $ 18 $ 105 $ 1 $ 10,404
Amortized Cost Basis and Associated Allowance for Credit Losses by Portfolio Segment for Loans That Were Individually Evaluated	The following table presents the amortized cost basis and the associated allowance for credit losses by portfolio segment for loans that were individually evaluated as of December 31, 2023: Manufactured Housing Commercial Real Estate Commercial SBA HELOC Single Family Real Estate Consumer Total Loans (in thousand s) Amortized Cost Basis: Individually evaluated loans with an ACL recorded $ 432 $ — $ — $ — $ — $ — $ — $ 432 Individually evaluated loans with no ACL recorded 1,642 2,791 1,203 — — 138 — 5,774 Total individually evaluated loans 2,074 2,791 1,203 — — 138 — 6,206 Collectively evaluated loans 328,284 557,582 45,052 1,753 2,556 10,212 71 945,510 Total loans held for investment $ 330,358 $ 560,373 $ 46,255 $ 1,753 $ 2,556 $ 10,350 $ 71 $ 951,716 Allowance for Credit Losses: Individually evaluated loans $ 11 $ — $ — $ — $ — $ — $ — $ 11 Collectively evaluated loans 5,367 6,309 554 4 41 164 1 12,440 Total allowance for credit losses $ 5,378 $ 6,309 $ 554 $ 4 $ 41 $ 164 $ 1 $ 12,451
Impairment Method Information Related to Loans and Allowance for Loan Losses by Loan Portfolio Segment	The following table presents impairment method information related to loans and allowance for loan losses by loan portfolio segment as of December 31, 2022 : 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 $ 209 $ 67 $ 41 $ — $ 208 $ — $ 3,443 Impaired loans with no allowance recorded 1,166 — 1,297 — — 151 — 2,614 Total impaired loans 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 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 of Loans and by Collateral Type	The following table presents the amortized cost basis of collateral dependent loans by class of loans and by collateral type as of the dates indicated Manufactured Homes Single Family Residence Machinery & Equipment Total December 31, 2023: (in thousands) Manufactured housing $ 1,196 $ — $ — $ 1,196 Commercial real estate 2,791 — — 2,791 Commercial — — 1,203 1,203 HELOC — 138 — 138 Total $ 3,987 $ 138 $ 1,203 $ 5,328 December 31, 2022: Manufactured housing $ 574 $ — $ — $ 574 Commercial — — 1,297 1,297 Single family real estate — 150 — 150 Total $ 574 $ 150 $ 1,297 $ 2,021
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 the dates indicated Term Loans - Amortized Cost Basis by Origination Year 2023 2022 2021 2020 2019 Prior Revolving Total (in thousands) December 31, 2023: Manufactured housing: Pass $ 49,826 $ 56,337 $ 48,412 $ 45,199 $ 24,488 $ 103,999 $ — $ 328,261 Substandard — — 99 217 — 1,781 — 2,097 Total 49,826 56,337 48,511 45,416 24,488 105,780 — 330,358 Commercial real estate: Pass 50,612 142,382 117,260 58,874 49,967 116,518 — 535,613 Special mention — — 8,669 207 4,124 3,572 — 16,572 Substandard — — 473 1,950 — 5,765 — 8,188 Total 50,612 142,382 126,402 61,031 54,091 125,855 — 560,373 Commercial: Pass 3,587 3,400 2,434 791 620 13,758 13,552 38,142 Special mention — 1,825 1,893 401 — — — 4,119 Substandard — — — — 38 3,956 — 3,994 Total 3,587 5,225 4,327 1,192 658 17,714 13,552 46,255 SBA: Pass — — — 160 — 1,429 — 1,589 Special mention — — — — — 163 — 163 Doubtful — — — — — 1 — 1 Total — — — 160 — 1,593 — 1,753 HELOC: Pass — — — — — 2,556 — 2,556 Total — — — — — 2,556 — 2,556 Single family real estate: Pass 2,109 821 1,969 1,974 744 2,595 — 10,212 Substandard — — — — — 138 — 138 Total 2,109 821 1,969 1,974 744 2,733 — 10,350 Consumer: Pass 71 — — — — — — 71 Total 71 — — — — — — 71 Total loans $ 106,205 $ 204,765 $ 181,209 $ 109,773 $ 79,981 $ 256,231 $ 13,552 $ 951,716 Term Loans - Amortized Cost Basis by Origination Year 2022 2021 2020 2019 2018 Prior Revolving Total (in thousands) December 31, 2022: Manufactured housing: Pass $ 62,591 $ 54,403 $ 51,158 $ 26,745 $ 25,768 $ 94,106 $ — $ 314,771 Substandard — — — — 121 933 — 1,054 Total 62,591 54,403 51,158 26,745 25,889 95,039 — 315,825 Commercial real estate: Pass 161,023 125,074 57,441 50,134 32,662 95,174 — 521,508 Special mention — — 10,092 4,206 1,033 — — 15,331 Substandard — — 1,056 — — 7,422 — 8,478 Total 161,023 125,074 68,589 54,340 33,695 102,596 — 545,317 Commercial: Pass 8,804 2,924 1,505 1,107 6,956 10,889 20,699 52,884 Special mention — 2,723 — — — — — 2,723 Substandard — — — — — 3,463 — 3,463 Total 8,804 5,647 1,505 1,107 6,956 14,352 20,699 59,070 SBA: Pass — 690 1,083 — — 1,709 — 3,482 Total — 690 1,083 — — 1,709 — 3,482 HELOC: Pass — — — — — — 2,613 2,613 Total — — — — — — 2,613 2,613 Single family real estate: Pass 817 2,187 2,028 761 364 2,398 — 8,555 Substandard — — — — 150 4 — 154 Total 817 2,187 2,028 761 514 2,402 — 8,709 Consumer: Pass 13 — — — — 94 — 107 Total 13 — — — — 94 — 107 Total loans $ 233,248 $ 188,001 $ 124,363 $ 82,953 $ 67,054 $ 216,192 $ 23,312 $ 935,123
Modifications to Borrowers Experiencing Financial Difficulty	The following tables presents the amortized cost basis of loans at December 31, 2023, that were modified during the year ended December 31, 2023, in response to financial difficulties experienced by the borrowers, by loan class and by type of modification. December 31, 2023 Term Extension Amortized Cost % of Total Class of Loans Weighted Average Months (Dollars in thousands) Commercial real estate $ 473 0.08 % 5.0 Commercial 1,373 2.97 % 60.0 Total $ 1,846 0.19 % 45.9 December 31, 2023 Payment Deferral Amortized Cost % of Total Class of Loans Weighted Average Months (Dollars in thousands) SBA $ 160 9.13 % 3.0 Total $ 160 0.02 % 3.0
Aggregate Activity with Related Parties	The following table summarizes the aggregate activity in such loans: Year Ended December 31, 2023 2022 (in thousands) Balance, beginning $ 2,622 $ 2,919 New loans — — Repayments and other (190 ) (297 ) Balance, ending $ 2,432 $ 2,622

PREMISES AND EQUIPMENT (Tables)

PREMISES AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2023
PREMISES AND EQUIPMENT [Abstract]
Premises and Equipment	The Company’s premises and equipment consisted of the following at December 31: 2023 2022 (in thousands) Bank premises and land $ 3,975 $ 3,983 Furniture, fixtures, and equipment 11,017 10,865 Leasehold improvements 4,644 4,992 Construction in progress 255 122 19,891 19,962 Accumulated depreciation (14,074 ) (13,858 ) Premises and equipment, net $ 5,817 $ 6,104

OTHER ASSETS ACQUIRED THROUGH_2

OTHER ASSETS ACQUIRED THROUGH FORECLOSURE (Tables)	12 Months Ended
	Dec. 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 for the periods indicated December 31, 2023 2022 2021 (in thousands) Balance, beginning of period $ 2,250 $ 2,518 $ 2,614 Additions 1,576 — 136 Proceeds from dispositions (2,967 ) (384 ) — Gains (losses) on sales, net 123 116 (232 ) Balance, end of period $ 982 $ 2,250 $ 2,518

DEPOSITS (Tables)

DEPOSITS (Tables)	12 Months Ended
	Dec. 31, 2023
DEPOSITS [Abstract]
Summary of Deposits	The table below summarizes deposits by type: December 31, 2023 2022 (in thousands) Non-interest bearing demand deposits $ 168,603 $ 216,494 Interest-bearing deposits: NOW accounts 32,267 38,068 Money market deposit account 345,263 390,105 Savings accounts 16,257 23,490 Time deposits of $250,000 or more 13,892 6,693 Other time deposits 276,656 200,234 Total deposits $ 852,938 $ 875,084
Summary of Contractual Maturities for All Time Deposits	The summary of the contractual maturities for all time deposits is as follows: (in thousands) 2024 $ 222,807 2025 19,527 2026 42,914 2027 5,143 2028 157 Total $ 290,548

BORROWINGS (Tables)

BORROWINGS (Tables)	12 Months Ended
	Dec. 31, 2023
BORROWINGS [Abstract]
Summary of FHLB Advances by Maturity Date	FHLB Advances The following table summarizes the Company’s FHLB advances by maturity date: December 31, 2023 2022 Contractual Maturity Date Amount Rate Amount Rate (dollars in thousands) April 15, 2025 $ 6,000 0.76 % $ 6,000 0.76 % April 15, 2025 39,000 0.78 % 39,000 0.78 % June 23, 2025 30,000 0.95 % 30,000 0.95 % June 23, 2025 15,000 0.92 % 15,000 0.92 % Total FHLB advances $ 90,000 $ 90,000 Weighted average rate 0.86 % 0.86 %

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2023
COMMITMENTS AND CONTINGENCIES [Abstract]
Summary of Contractual Amounts for Unfunded Commitments and Letters of Credit	A summary of the contractual amounts for unfunded commitments and letters of credit are as follows: As of December 31, 2023 2022 (in thousands) Commitments to extend credit $ 84,656 $ 100,011 Standby letters of credit — — Total $ 84,656 $ 100,011

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	12 Months Ended
	Dec. 31, 2023
STOCKHOLDERS' EQUITY [Abstract]
Summary of Assumptions Used in Calculating Fair Value of Option Awards	A summary of the assumptions used in calculating the fair value of stock option awards during the years ended December 31, 2023, 2022, and 2021, are as follows: December 31, 2023 2022 2021 Expected life in years 6.3 6.3 6.4 Risk-free interest rate 3.52 % 2.53 % 1.80 % Expected volatility 27.44 % 28.81 % 36.40 % Annual dividend yield 2.03 % 2.05 % 1.94 %
Summary of Stock Option Activity	A summary of stock option activity under the plan is presented below: Year ended December 31, 2023 Option Shares Weighted Average Exercise Price Weighted Average Remaining Term Aggregate Intrinsic Value (dollars in thousands, except exercise price) Outstanding options, beginning of period 605,950 $ 9.95 Granted 2,500 14.75 Exercised (54,168 ) 8.41 Forfeited or expired (23,432 ) 11.11 Outstanding options, end of period 530,850 $ 10.08 5.01 $ 3,881 Options exercisable, end of period 385,930 $ 9.46 4.11 $ 3,060 Options expected to vest, end of period 502,653 $ 9.96 4.86 $ 3,736
Summary of Change in Nonvested Restricted Stock Awards	The following table summarizes the change in nonvested restricted stock awards for the year ended December 31, 2023: Nonvested Restricted Stock Awards Weighted Average Grant-Date Fair Value Unvested options, beginning of period 34,934 $ 13.78 Granted 23,900 14.59 Vested (19,212 ) 14.39 Forfeited (1,718 ) 13.38 Unvested options, end of period 37,904 $ 14.00

CAPITAL REQUIREMENTS (Tables)

CAPITAL REQUIREMENTS (Tables)	12 Months Ended
	Dec. 31, 2023
CAPITAL REQUIREMENTS [Abstract]
Bank's Regulatory Ratios and Federal Reserve's Current Adequacy Guidelines	The following tables illustrates the Bank’s regulatory ratios and the Federal Reserve’s current adequacy guidelines as of December 31, 2023 and 2022. Total Capital (To Risk- Weighted Assets) Tier 1 Capital (To Risk- Weighted Assets) Common Equity Tier 1 (To Risk- Weighted Assets) Leverage Ratio/Tier1 Capital (To Average Assets) December 31, 2023 CWB’s actual regulatory ratios 13.10 % 11.89 % 11.89 % 10.88 % Minimum capital requirements 8.00 % 6.00 % 4.50 % 4.00 % Well-capitalized requirements 10.00 % 8.00 % 6.50 % 5.00 % 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)	12 Months Ended
	Dec. 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 ASC 606 for the periods indicated: Years Ended December 31, Non-interest income 2023 2022 2021 In-scope of ASC 606: (in thousands) Service charges on deposit accounts $ 538 $ 335 $ 243 Exchange fees and other service charges 449 518 468 Non-interest income (in-scope of ASC 606) 987 853 711 Non-interest income (out-of-scope of ASC 606) 2,766 3,125 3,042 Total $ 3,753 $ 3,978 $ 3,753

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2023
INCOME TAXES [Abstract]
Provision for Income Taxes	The provision for income taxes consisted of the following: December 31, 2023 2022 2021 Current: (in thousands) Federal $ 2,133 $ 3,518 $ 3,671 State 1,315 1,994 2,046 3,448 5,512 5,717 Deferred: Federal 80 (178 ) (371 ) State (34 ) (72 ) (134 ) 46 (250 ) (505 ) Total provision for income taxes $ 3,494 $ 5,262 $ 5,212
Reconciliation between Statutory Income Tax Rate and Effective Tax Rate	A reconciliation between the statutory income tax rate and the Company’s effective tax rate is as follows: December 31, 2023 2022 2021 Federal income tax at statutory rate 21.0 % 21.0 % 21.0 % State franchise tax, net of federal benefit 9.0 % 8.2 % 8.6 % Merger costs 1.4 % 0.0 % 0.0 % Other 0.9 % (1.1 )% (1.1 )% Total provision for income taxes 32.3 % 28.1 % 28.5 %
Cumulative Tax Effects of Primary Temporary Differences	The cumulative tax effects of the primary temporary differences are as shown in the following table: December 31, 2023 2022 Deferred Tax Assets: (in thousands) Allowance for credit losses $ 3,678 $ 3,127 Bonus accrual 2 8 Deferred compensation 1,236 1,057 Lease liability 1,301 1,555 Deferred state taxes 273 419 Unrealized loss on AFS securities 408 305 Other 608 586 Total deferred tax assets 7,506 7,057 Deferred Tax Liabilities: Depreciation (455 ) (469 ) Right of use asset (1,281 ) (1,535 ) Total deferred tax liabilities (1,736 ) (2,004 ) Net deferred tax assets $ 5,770 $ 5,053

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Dec. 31, 2023
LEASES [Abstract]
Lease Cost and Other Information	2023 2022 (dollars in thousands) Lease cost: Operating lease cost $ 1,022 $ 1,012 Sublease income — — Total lease cost $ 1,022 $ 1,012 Other information: Cash paid for amounts included in the measurement of lease liabilities - operating leases $ 1,022 $ 1,003 Weighted average remaining lease term in years - operating leases 6.3 7.0 Weighted average discount rate - operating leases 3.68 % 3.26 %
Future Minimum Operating Lease Payments	Future minimum operating lease payments as of December 31, 2023 are as follows (in thousands): 2024 $ 1,041 2025 991 2026 891 2027 488 2028 314 Thereafter 1,240 Total future minimum lease payments $ 4,965 Less: remaining imputed interest 565 Total lease liabilities $ 4,400

FAIR VALUE MEASUREMENT (Tables)

FAIR VALUE MEASUREMENT (Tables)	12 Months Ended
	Dec. 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 Reporting Period Using: December 31, 2023 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable (Level 3) Fair Value Assets: (in thousands) Investment securities measured at fair value $ 382 $ — $ — $ 382 Investment securities available-for-sale: U.S. government agency notes — 3,330 — 3,330 U.S. government agency CMOs — 3,944 — 3,944 Corporate debt securities — 7,958 — 7,958 Interest only strips — — 5 5 Servicing assets — — 12 12 $ 382 $ 15,232 $ 17 $ 15,631 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 CMOs — 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 $ 225 $ 26,688 $ 33 $ 26,946
Fair Value Measurements of Assets Measured on a Non-recurring Basis	The Company also has assets that, under certain conditions, are subject to measurement at fair value on a non-recurring basis, as follows: 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) As of December 31, 2023 Other assets acquired through foreclosure $ 982 $ — $ 982 $ — $ 982 $ — $ 982 $ — As of December 31, 2022 Impaired loans $ 3,805 $ — $ 3,805 $ — Other assets acquired through foreclosure 2,250 — 2,250 — $ 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: December 31, 2023 Carrying Fair Value Amount Level 1 Level 2 Level 3 Total Financial assets: (in thousands) Cash and cash equivalents $ 72,198 $ 72,198 $ — $ — $ 72,198 FHLB and FRB stock 4,865 — 4,865 — 4,865 Investment securities - available-for-sale 15,232 — 15,232 — 15,232 Investment securities - held-to-maturity 2,135 — 2,056 — 2,056 Investment securities - measured at fair value 382 382 — — 382 Loans held for sale and loans held for investment, net 955,021 — 905,073 — 905,073 Accrued interest receivable 5,655 — 5,655 — 5,655 Servicing assets 1,305 — — 2,583 2,583 Interest only strips 5 — — 5 5 Financial liabilities: Deposits 852,938 — 850,236 — 850,236 FHLB advances and other borrowings 100,000 — 95,426 — 95,426 Accrued interest payable 2,355 — 2,355 — 2,355 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 FRB and FHLB 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 held for sale and loans held for investment, net 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 and other borrowings 90,000 — 83,322 — 83,322 Accrued interest payable 126 — 126 — 126

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)	12 Months Ended
	Dec. 31, 2023
ACCUMULATED OTHER COMPREHENSIVE INCOME [Abstract]
Changes in Other Comprehensive Income (Loss) by Component, Net of Tax	The following table summarizes the changes in accumulated other comprehensive income by component, net of tax for the period indicated: Year Ended December 31, 2023 2022 2021 Unrealized holding gains (losses) on AFS (in thousands) Beginning balance $ (771 ) $ 92 $ 35 Other comprehensive income (loss) (245 ) (863 ) 57 Net current-period other comprehensive income (245 ) (863 ) 57 Ending balance $ (1,016 ) $ (771 ) $ 92

PARENT COMPANY FINANCIAL INFO_2

PARENT COMPANY FINANCIAL INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2023
PARENT COMPANY FINANCIAL INFORMATION [Abstract]
Condensed Balance Sheets	COMMUNITY WEST BANCSHARES Condensed Balance Sheets December 31, 2023 2022 (in thousands) Assets: Cash and cash equivalents $ 10,498 $ 67 Investment in subsidiary 115,407 112,183 Other assets 521 419 Total assets $ 126,426 $ 112,669 Liabilities and Stockholders’ Equity: Other borrowings $ 10,000 $ — Other liabilities 182 19 Total liabilities 10,182 19 Total stockholders’ equity 116,244 112,650 Total liabilities and stockholders’ equity $ 126,426 $ 112,669
Condensed Income Statements	COMMUNITY WEST BANCSHARES Condensed Income Statements December 31, 2023 2022 2021 (in thousands) Interest income $ — $ — $ — Interest expense 51 16 17 Net interest expense (51 ) (16 ) (17 ) Provision for credit losses — — — Net interest expense after provision for credit losses (51 ) (16 ) (17 ) Equity in income from consolidated subsidiary 8,668 13,779 13,271 Total income 8,617 13,763 13,254 Total non-interest expenses 1,624 525 420 Income before income tax benefit 6,993 13,238 12,834 Income tax benefit (323 ) (211 ) (267 ) Net income $ 7,316 $ 13,449 $ 13,101
Condensed Statements of Cash Flows	COMMUNITY WEST BANCSHARES Condensed Statements of Cash Flows December 31, 2023 2022 2021 (in thousands) Cash Flows from Operating Activities: Net income $ 7,316 $ 13,449 $ 13,101 Adjustments to reconcile net income to cash provided by operating activities: Equity in undistributed income from subsidiary (8,668 ) (13,779 ) (13,271 ) Stock-based compensation 464 289 318 Changes in: Other assets (102 ) (221 ) 41 Other liabilities 163 15 (215 ) Net cash used in operating activities (827 ) (247 ) (26 ) Cash Flows from Investing Activities: Net dividends from and investment in subsidiary 3,626 1,375 1,600 Net cash provided by investing activities 3,626 1,375 1,600 Cash Flows from Financing Activities: Proceeds from other borrowings 20,000 — — Repayments of other borrowings (10,000 ) — — Common stock dividends paid (2,824 ) (2,574 ) (2,312 ) Proceeds from exercise of stock options 456 974 1,204 Net cash provided by (used in) financing activities 7,632 (1,600 ) (1,108 ) Net increase (decrease) in cash and cash equivalents 10,431 (472 ) 466 Cash and cash equivalents at beginning of year 67 539 73 Cash and cash equivalents at end of year $ 10,498 $ 67 $ 539

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Concentrations of Lending Activities (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Commercial Real Estate [Member]
Concentrations of Lending Activities [Abstract]
Loans secured by first liens, average loan to value ratio	50.30%	50.40%
Commercial Real Estate [Member] | Owner Occupied [Member]
Concentrations of Lending Activities [Abstract]
Percentage of Commercial Real Estate loans	27.50%	24.50%
Loans Receivable, Total [Member] | Credit Concentration Risk [Member] | Manufactured Housing [Member]
Concentrations of Lending Activities [Abstract]
Concentration risk, percentage	34.10%	33.10%
Loans Receivable, Total [Member] | Credit Concentration Risk [Member] | Commercial Real Estate [Member]
Concentrations of Lending Activities [Abstract]
Concentration risk, percentage	57.90%	57.10%

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Investment Securities (Details)	12 Months Ended
	Dec. 31, 2023
Investment Securities [Abstract]
Period of delinquency after which a debt security is placed in a nonaccrual status	90 days

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Business Segments (Details) - Segment	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Business Segments [Abstract]
Number of reportable segments	1	1

SUMMARY OF SIGNIFICANT ACCOUN_7

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Cash Reserve Requirement (Details)	Mar. 26, 2020
Cash Reserve Requirement [Abstract]
Ratio of cash reserve required	0%

SUMMARY OF SIGNIFICANT ACCOUN_8

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, FHLB and FRB Stock (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Federal Home Loan Bank ("FHLB") and Federal Reserve Bank ("FRB") Stock [Abstract]
Impairment charge on equity securities with no actively traded market	$ 0	$ 0

SUMMARY OF SIGNIFICANT ACCOUN_9

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Loans Held for Investment (Details)	12 Months Ended
	Dec. 31, 2023
Loans Held for Investment and Interest and Fees from Loans [Abstract]
Period of delinquency after which a loan is placed in a nonaccrual status	90 days
Minimum [Member]
Loans Held for Investment and Interest and Fees from Loans [Abstract]
Period of delinquency after which a loan is placed in a nonaccrual status	90 days

SUMMARY OF SIGNIFICANT ACCOU_10

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Premises and Equipment (Details)	Dec. 31, 2023
Building and Improvements [Member] | Minimum [Member]
Premises and Equipment [Abstract]
Estimated useful life of assets	20 years
Building and Improvements [Member] | Maximum [Member]
Premises and Equipment [Abstract]
Estimated useful life of assets	30 years
Furniture and Equipment [Member] | Minimum [Member]
Premises and Equipment [Abstract]
Estimated useful life of assets	5 years
Furniture and Equipment [Member] | Maximum [Member]
Premises and Equipment [Abstract]
Estimated useful life of assets	10 years
Electronic Equipment and Software [Member] | Minimum [Member]
Premises and Equipment [Abstract]
Estimated useful life of assets	3 years
Electronic Equipment and Software [Member] | Maximum [Member]
Premises and Equipment [Abstract]
Estimated useful life of assets	5 years

SUMMARY OF SIGNIFICANT ACCOU_11

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Servicing Assets (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Change in Level 3 Assets Measured at Fair Value on a Recurring Basis [Roll Forward]
Balance, beginning of period	$ 26,000	$ 44,000	$ 43,000
Valuation adjustment	(14,000)	(18,000)	1,000
Balance, end of period	12,000	26,000	44,000
Servicing Assets Measured Under the Amortization Method [Roll Forward]
Valuation adjustment	175,000	120,000	(139,000)
SBA Servicing Assets [Member]
Servicing Assets Measured Under the Amortization Method [Roll Forward]
Balance, beginning of period	0	0	27,000
Amortization, net	0	0	(6,000)
Valuation adjustment	0	0	(21,000)
Balance, end of period	0	0	0
Farmer Mac Servicing Assets [Member]
Servicing Assets Measured Under the Amortization Method [Roll Forward]
Balance, beginning of period	1,454,000	1,556,000	1,391,000
Additions	171,000	257,000	475,000
Amortization, net	(332,000)	(359,000)	(310,000)
Balance, end of period	$ 1,293,000	$ 1,454,000	$ 1,556,000
Discount rate	5.63%	5.91%
Estimated life	7 years

SUMMARY OF SIGNIFICANT ACCOU_12

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Bank Owned Life Insurance (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Bank Owned Life Insurance [Abstract]
Cash surrender value of life insurance	$ 8.9	$ 8.7

SUMMARY OF SIGNIFICANT ACCOU_13

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Earnings Per Share [Abstract]
Net income available to common stockholders	$ 7,316	$ 13,449	$ 13,101
Weighted average number of common shares outstanding - basic (in shares)	8,840,524	8,722,481	8,567,839
Add: Dilutive effects of assumed exercises of stock options (in shares)	138,677	169,646	155,099
Weighted average number of common shares outstanding - diluted (in shares)	8,979,201	8,892,127	8,722,938
Earnings per share [Abstract]
Basic (in dollars per share)	$ 0.83	$ 1.54	$ 1.53
Diluted (in dollars per share)	$ 0.81	$ 1.51	$ 1.5
Stock Options [Member]
Antidilutive Securities [Abstract]
Antidilutive stock not considered in computing diluted earnings per common share (in shares)	114,002	95,304	101,010

SUMMARY OF SIGNIFICANT ACCOU_14

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Recently Adopted Accounting Pronouncements (Details) - USD ($) $ in Thousands	Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021	Dec. 31, 2020
Allowance for credit losses on securities [Abstract]
Available-for-sale	$ 0		$ 0
Held-to-maturity	0		0
Allowance for credit losses on loans	12,451	[1]	10,765	[1]	$ 10,404	$ 10,194
Deferred tax assets	5,770		5,053
Liabilities [Abstract]
Allowance for credit losses for off-balance sheet commitments	458		94
Stockholders' Equity [Abstract]
Retained earnings	70,646		67,727
ASU 2016-13 [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 on loans	1,811		$ 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)
ASU 2016-13 [Member] | As Reported Under CECL [Member]
Allowance for credit losses on securities [Abstract]
Available-for-sale	0
Held-to-maturity	0
Allowance for credit losses on 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
[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	Dec. 31, 2023	Dec. 31, 2022
Securities available-for-sale [Abstract]
Amortized cost	$ 16,682	$ 27,790
Gross unrealized gains	13	26
Gross unrealized (losses)	(1,463)	(1,128)
Fair value	15,232	26,688
U.S. Government Agency Notes [Member]
Securities available-for-sale [Abstract]
Amortized cost	3,318	4,081
Gross unrealized gains	13	26
Gross unrealized (losses)	(1)	0
Fair value	3,330	4,107
U.S. Government Agency Collateralized Mortgage Obligations ("CMO") [Member]
Securities available-for-sale [Abstract]
Amortized cost	4,114	4,475
Gross unrealized gains	0	0
Gross unrealized (losses)	(170)	(179)
Fair value	3,944	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)	(1,292)	(935)
Fair value	$ 7,958	$ 8,315

INVESTMENT SECURITIES, Securi_2

INVESTMENT SECURITIES, Securities Held-to-Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Securities held-to-maturity [Abstract]
Amortized cost	$ 2,135	$ 2,557
Gross unrealized gains	8	3
Gross unrealized (losses)	(87)	(137)
Fair value	2,056	2,423
U.S. Government Agency Mortgage-Backed Securities ("MBS") [Member]
Securities held-to-maturity [Abstract]
Amortized cost	2,135	2,557
Gross unrealized gains	8	3
Gross unrealized (losses)	(87)	(137)
Fair value	$ 2,056	$ 2,423

INVESTMENT SECURITIES, Securi_3

INVESTMENT SECURITIES, Securities Measured at Fair Value (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Securities measured at fair value [Abstract]
Amortized cost	$ 66	$ 66
Gross unrealized gains	316	159
Gross unrealized (losses)	0	0
Fair value	382	225
Equity Securities: Farmer Mac Class A Stock [Member]
Securities measured at fair value [Abstract]
Amortized cost	66	66
Gross unrealized gains	316	159
Gross unrealized (losses)	0	0
Fair value	$ 382	$ 225

INVESTMENT SECURITIES, Securi_4

INVESTMENT SECURITIES, Securities Pledged as Collateral (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) Security	Dec. 31, 2022 USD ($) Security	Dec. 31, 2021 USD ($)
INVESTMENT SECURITIES [Abstract]
Securities pledged as collateral to the Federal Home Loan Bank ("FHLB")	$ 9,300	$ 21,100
Number of securities held by issuer greater than 10% of stockholders' equity | Security	0	0
Sales of investment securities	$ 0	$ 0	$ 0

INVESTMENT SECURITIES, Maturity

INVESTMENT SECURITIES, Maturity Periods and Weighted Average Yields (Details) - USD ($) $ in Thousands	Dec. 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	$ 8,880	$ 8,834
Five to ten years, yield	3.84%	3.73%
Over ten years, amount	$ 6,352	$ 7,884
Over ten years, yield	6.21%	4.53%
Total amount	$ 15,232	$ 26,688
Total yield	4.83%	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	$ 826	$ 746
Five to ten years, yield	3.99%	3.60%
Over ten years, amount	$ 1,309	$ 1,811
Over ten years, yield	4.57%	3.68%
Total amount	$ 2,135	$ 2,557
Total yield	4.35%	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	$ 469	$ 519
Five to ten years, yield	5.85%	3.59%
Over ten years, amount	$ 2,861	$ 3,588
Over ten years, yield	6.89%	4.40%
Total amount	$ 3,330	$ 4,107
Total yield	6.74%	4.30%
U.S. Government Agency CMOs [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	$ 453	$ 0
Five to ten years, yield	3.43%	0%
Over ten years, amount	$ 3,491	$ 4,296
Over ten years, yield	5.66%	4.63%
Total amount	$ 3,944	$ 4,296
Total yield	5.40%	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	$ 7,958	$ 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	$ 7,958	$ 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	$ 826	$ 746
Five to ten years, yield	3.99%	3.60%
Over ten years, amount	$ 1,309	$ 1,811
Over ten years, yield	4.57%	3.68%
Total amount	$ 2,135	$ 2,557
Total yield	4.35%	3.66%

INVESTMENT SECURITIES, Investme

INVESTMENT SECURITIES, Investment Securities by Contractual Maturities (Details) - USD ($) $ in Thousands	Dec. 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	10,206	9,768
After ten years	6,476	8,038
Amortized cost	16,682	27,790
Securities available for sale, Estimated Fair Value [Abstract]
Due in one year or less	0	9,970
After one year through five years	0	0
After five years through ten years	8,880	8,834
After ten years	6,352	7,884
Estimated fair value	15,232	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	826	746
After ten years	1,309	1,811
Amortized cost	2,135	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	792	705
After ten years	1,264	1,718
Estimated fair value	$ 2,056	$ 2,423

INVESTMENT SECURITIES, Unrealiz

INVESTMENT SECURITIES, Unrealized Loss Positions (Details) $ in Thousands	12 Months Ended
	Dec. 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	$ (1)	$ (908)
More than twelve months, gross unrealized losses	(1,462)	(220)
Total, gross unrealized losses	(1,463)	(1,128)
Less than twelve months, fair value	988	20,646
More than twelve months, fair value	11,902	1,935
Total, fair value	12,890	22,581
Securities held-to-maturity, continuous unrealized loss position [Abstract]
Less than twelve months, gross unrealized losses	0	(137)
More than twelve months, gross unrealized losses	(87)	0
Total, gross unrealized losses	(87)	(137)
Less than twelve months, fair value	0	2,115
More than twelve months, fair value	(1,718)	0
Total, fair value	$ (1,718)	$ 2,115
Securities in unrealized loss positions | Security	36	37
Available-for-sale securities on nonaccrual status	$ 0	$ 0
Held-to-maturity securities on nonaccrual status	0	0
Accrued interest receivable on available-for-sale securities	$ 130	$ 77
Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]	Other Assets	Other Assets
Accrued interest receivable related to held-to-maturity securities	$ 130	$ 77
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	0
Allowance for credit losses on securities held-to-maturity	0	0
Provision for credit losses related to held-to-maturity securities	0
U.S. Government Agency Notes [Member]
Securities available-for-sale, continuous unrealized loss position [Abstract]
Less than twelve months, gross unrealized losses	(1)
More than twelve months, gross unrealized losses	0
Total, gross unrealized losses	(1)
Less than twelve months, fair value	988
More than twelve months, fair value	0
Total, fair value	988
U.S. Government Agency CMOs [Member]
Securities available-for-sale, continuous unrealized loss position [Abstract]
Less than twelve months, gross unrealized losses	0	(130)
More than twelve months, gross unrealized losses	(170)	(49)
Total, gross unrealized losses	(170)	(179)
Less than twelve months, fair value	0	3,690
More than twelve months, fair value	3,944	606
Total, fair value	3,944	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	0	(764)
More than twelve months, gross unrealized losses	(1,292)	(171)
Total, gross unrealized losses	(1,292)	(935)
Less than twelve months, fair value	0	6,986
More than twelve months, fair value	7,958	1,329
Total, fair value	7,958	8,315
U.S. Government Agency MBS [Member]
Securities held-to-maturity, continuous unrealized loss position [Abstract]
Less than twelve months, gross unrealized losses	0	(137)
More than twelve months, gross unrealized losses	(87)	0
Total, gross unrealized losses	(87)	(137)
Less than twelve months, fair value	0	2,115
More than twelve months, fair value	(1,718)	0
Total, fair value	$ (1,718)	$ 2,115

LOANS HELD FOR SALE AND LOANS_3

LOANS HELD FOR SALE AND LOANS SERVICED FOR OTHERS (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Loans Held for Sale [Abstract]
Loans included in loans held for sale	$ 16,648	$ 21,033
Loans serviced for others	163,630	158,183
Farmer Mac [Member]
Loans Held for Sale [Abstract]
Loans serviced for others	162,242	155,522
SBA [Member]
Loans Held for Sale [Abstract]
Loans included in loans held for sale	4,500	5,200
Loans serviced for others	1,388	1,926
USDA, FSA, and USDA Business and Industry [Member]
Loans Held for Sale [Abstract]
Loans serviced for others	0	735
USDA [Member]
Loans Held for Sale [Abstract]
Loans included in loans held for sale	$ 12,100	$ 15,800

LOANS HELD FOR INVESTMENT, Comp

LOANS HELD FOR INVESTMENT, Composition of Loans Held for Investment Portfolio (Details) - USD ($) $ in Thousands	Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021	Dec. 31, 2020
Loans held for investment [Abstract]
Gross loans held for investment	$ 951,716		$ 935,123
Deferred fees, net	(867)		(787)
Discount on SBA loans	(25)		(27)
Loans held for investment	950,824		934,309
Allowance for credit losses	(12,451)	[1]	(10,765)	[1]	$ (10,404)	$ (10,194)
Total loans held for investment, net	938,373		923,544
Manufactured Housing [Member]
Loans held for investment [Abstract]
Gross loans held for investment	330,358		315,825
Allowance for credit losses	(5,378)		(3,879)		(2,606)	(2,612)
Commercial Real Estate [Member]
Loans held for investment [Abstract]
Gross loans held for investment	560,373		545,317
Allowance for credit losses	(6,309)		(5,980)		(6,729)	(5,950)
Commercial [Member]
Loans held for investment [Abstract]
Gross loans held for investment	46,255		59,070
Allowance for credit losses	(554)		(747)		(923)	(1,379)
SBA [Member]
Loans held for investment [Abstract]
Gross loans held for investment	1,753		3,482
Allowance for credit losses	(4)		(21)		(22)	(118)
HELOC [Member]
Loans held for investment [Abstract]
Gross loans held for investment	2,556		2,613
Allowance for credit losses	(41)		(27)		(18)	(25)
Single Family Real Estate [Member]
Loans held for investment [Abstract]
Gross loans held for investment	10,350		8,709
Allowance for credit losses	(164)		(107)		(105)	(108)
Consumer [Member]
Loans held for investment [Abstract]
Gross loans held for investment	71		107
Allowance for credit losses	$ (1)		$ (4)		$ (1)	$ (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, Fina

LOANS HELD FOR INVESTMENT, Financing Receivables Past Due (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	$ 951,716	$ 935,123
Current [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	934,783	932,243
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	16,933	2,880
30 to 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	12,501	2,778
60 to 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	142	102
Over 90 Days Past Due
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	4,290	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	330,358	315,825
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	329,636	315,058
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	722	767
Manufactured Housing [Member] | 30 to 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	537	665
Manufactured Housing [Member] | 60 to 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	142	102
Manufactured Housing [Member] | Over 90 Days Past Due
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	43	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	560,373	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	496,436	482,759
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	486,180	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	10,256	1,160
Commercial Real Estate [Member] | Commercial Real Estate [Member] | 30 to 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	8,207	1,160
Commercial Real Estate [Member] | Commercial Real Estate [Member] | 60 to 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
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	2,049	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	12,199	12,947
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	12,199	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 to 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 to 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
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	6,021	11,237
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	6,021	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 to 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 to 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
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	45,717	38,374
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	43,767	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	1,950	0
Commercial Real Estate [Member] | Construction [Member] | 30 to 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 to 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
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	1,950	0
Commercial [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	46,255	59,070
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	42,313	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	3,942	0
Commercial [Member] | 30 to 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	3,695	0
Commercial [Member] | 60 to 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
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	247	0
SBA [Member]
Aging of Recorded Investment in Past Due Held for Investment Loans by Class of Loans [Abstract]
Total loans held for investment	1,753	3,482
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	1,690	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	63	953
SBA [Member] | 30 to 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	62	953
SBA [Member] | 60 to 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
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	2,556	2,613
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	2,556	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 to 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 to 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
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	10,350	8,709
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	10,350	8,709
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 to 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 to 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
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	71	107
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	71	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 to 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 to 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
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, Nona

LOANS HELD FOR INVESTMENT, Nonaccrual Loans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Composition of Nonaccrual Loans [Abstract]
With an ACL	$ 77	$ 0
Without an ACL	3,929	211
Total Nonaccrual	4,006	211
Loans past due by 90 days or more that were not on nonaccrual status	$ 0	0
Period past due after which accrual of interest is discontinued	90 days
Foregone interest on nonaccrual loans	$ 436	38	$ 154
Accrued interest receivable related to loans	$ 5,400	$ 5,100
Financing Receivable, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]	Other Assets	Other Assets
Manufactured Housing [Member]
Composition of Nonaccrual Loans [Abstract]
With an ACL	$ 77	$ 0
Without an ACL	913	61
Total Nonaccrual	990	61
Commercial Real Estate [Member] | Commercial Real Estate [Member]
Composition of Nonaccrual Loans [Abstract]
With an ACL	0	0
Without an ACL	800	0
Total Nonaccrual	800	0
Commercial Real Estate [Member] | SBA 504 1st Trust Deed [Member]
Composition of Nonaccrual Loans [Abstract]
With an ACL	0	0
Without an ACL	41	0
Total Nonaccrual	41	0
Commercial Real Estate [Member] | Construction [Member]
Composition of Nonaccrual Loans [Abstract]
With an ACL	0	0
Without an ACL	1,950	0
Total Nonaccrual	1,950	0
Commercial [Member]
Composition of Nonaccrual Loans [Abstract]
With an ACL	0	0
Without an ACL	87	0
Total Nonaccrual	87	0
Single Family Real Estate [Member]
Composition of Nonaccrual Loans [Abstract]
With an ACL	0	0
Without an ACL	138	150
Total Nonaccrual	$ 138	$ 150

LOANS HELD FOR INVESTMENT, Allo

LOANS HELD FOR INVESTMENT, Allowance for Credit Losses by Portfolio Type (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) Loan		Dec. 31, 2022 USD ($)		Dec. 31, 2021 USD ($)
Summary of changes in allowance for credit losses [Roll Forward]
Beginning balance	$ 10,765	[1]	$ 10,404		$ 10,194
Charge-offs	(27)		(182)		(1)
Recoveries	241		738		392
Net (charge-offs) recoveries	214		556		391
Provision (credit) for credit losses	(339)		(195)		(181)
Ending balance	12,451	[1]	10,765	[1]	10,404
Increase in allowance for credit losses on loans	1,700
Allowance for credit losses for off-balance sheet commitments	458		94
Provision (credit) for credit losses associated with the allowance for off-balance sheet commitments	(56)		0		2
Period of Adoption [Member] | ASU 2016-13 [Member]
Summary of changes in allowance for credit losses [Roll Forward]
Beginning balance	1,811
Ending balance	1,811		1,811
Allowance for credit losses for off-balance sheet commitments	421
Manufactured Housing [Member]
Summary of changes in allowance for credit losses [Roll Forward]
Beginning balance	3,879		2,606		2,612
Charge-offs	0		0		0
Recoveries	82		139		218
Net (charge-offs) recoveries	82		139		218
Provision (credit) for credit losses	(254)		1,134		(224)
Ending balance	5,378		3,879		2,606
Manufactured Housing [Member] | Period of Adoption [Member] | ASU 2016-13 [Member]
Summary of changes in allowance for credit losses [Roll Forward]
Beginning balance	1,671
Ending balance			1,671
Commercial Real Estate [Member]
Summary of changes in allowance for credit losses [Roll Forward]
Beginning balance	5,980		6,729		5,950
Charge-offs	(27)		0		0
Recoveries	80		80		80
Net (charge-offs) recoveries	53		80		80
Provision (credit) for credit losses	245		(829)		699
Ending balance	$ 6,309		5,980		6,729
Number of loans charged off | Loan	1
Commercial Real Estate [Member] | Period of Adoption [Member] | ASU 2016-13 [Member]
Summary of changes in allowance for credit losses [Roll Forward]
Beginning balance	$ 31
Ending balance			31
Commercial [Member]
Summary of changes in allowance for credit losses [Roll Forward]
Beginning balance	747		923		1,379
Charge-offs	0		0		0
Recoveries	47		190		40
Net (charge-offs) recoveries	47		190		40
Provision (credit) for credit losses	(310)		(366)		(496)
Ending balance	554		747		923
Commercial [Member] | Period of Adoption [Member] | ASU 2016-13 [Member]
Summary of changes in allowance for credit losses [Roll Forward]
Beginning balance	70
Ending balance			70
SBA [Member]
Summary of changes in allowance for credit losses [Roll Forward]
Beginning balance	21		22		118
Charge-offs	0		(182)		0
Recoveries	32		316		47
Net (charge-offs) recoveries	32		134		47
Provision (credit) for credit losses	(34)		(135)		(143)
Ending balance	4		21		22
SBA [Member] | Period of Adoption [Member] | ASU 2016-13 [Member]
Summary of changes in allowance for credit losses [Roll Forward]
Beginning balance	(15)
Ending balance			(15)
HELOC [Member]
Summary of changes in allowance for credit losses [Roll Forward]
Beginning balance	27		18		25
Charge-offs	0		0		0
Recoveries	0		12		6
Net (charge-offs) recoveries	0		12		6
Provision (credit) for credit losses	(3)		(3)		(13)
Ending balance	41		27		18
HELOC [Member] | Period of Adoption [Member] | ASU 2016-13 [Member]
Summary of changes in allowance for credit losses [Roll Forward]
Beginning balance	17
Ending balance			17
Single Family Real Estate [Member]
Summary of changes in allowance for credit losses [Roll Forward]
Beginning balance	107		105		108
Charge-offs	0		0		0
Recoveries	0		0		1
Net (charge-offs) recoveries	0		0		1
Provision (credit) for credit losses	18		2		(4)
Ending balance	164		107		105
Single Family Real Estate [Member] | Period of Adoption [Member] | ASU 2016-13 [Member]
Summary of changes in allowance for credit losses [Roll Forward]
Beginning balance	39
Ending balance			39
Consumer [Member]
Summary of changes in allowance for credit losses [Roll Forward]
Beginning balance	4		1		2
Charge-offs	0		0		(1)
Recoveries	0		1		0
Net (charge-offs) recoveries	0		1		(1)
Provision (credit) for credit losses	(1)		2		0
Ending balance	1		4		$ 1
Consumer [Member] | Period of Adoption [Member] | ASU 2016-13 [Member]
Summary of changes in allowance for credit losses [Roll Forward]
Beginning balance	$ (2)
Ending 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 and Associated Allowance for Credit Losses by Portfolio Segment for Loans That Were Individually Evaluated (Details) - USD ($) $ in Thousands	Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021	Dec. 31, 2020
Amortized Cost Basis [Abstract]
Individually evaluated loans with an ACL recorded	$ 432
Individually evaluated loans with no ACL recorded	5,774
Total impaired loans	6,206		$ 6,057
Collectively evaluated loans	945,510		929,066
Total loans held for investment	951,716		935,123
Allowance for Credit Losses [Abstract]
Individually evaluated loans	11
Collectively evaluated loans	12,440
Total allowance for loan losses	12,451	[1]	10,765	[1]	$ 10,404	$ 10,194
Manufactured Housing [Member]
Amortized Cost Basis [Abstract]
Individually evaluated loans with an ACL recorded	432
Individually evaluated loans with no ACL recorded	1,642
Total impaired loans	2,074		4,084
Collectively evaluated loans	328,284		311,741
Total loans held for investment	330,358		315,825
Allowance for Credit Losses [Abstract]
Individually evaluated loans	11
Collectively evaluated loans	5,367
Total allowance for loan losses	5,378		3,879		2,606	2,612
Commercial Real Estate [Member]
Amortized Cost Basis [Abstract]
Individually evaluated loans with an ACL recorded	0
Individually evaluated loans with no ACL recorded	2,791
Total impaired loans	2,791		209
Collectively evaluated loans	557,582		545,108
Total loans held for investment	560,373		545,317
Allowance for Credit Losses [Abstract]
Individually evaluated loans	0
Collectively evaluated loans	6,309
Total allowance for loan losses	6,309		5,980		6,729	5,950
Commercial [Member]
Amortized Cost Basis [Abstract]
Individually evaluated loans with an ACL recorded	0
Individually evaluated loans with no ACL recorded	1,203
Total impaired loans	1,203		1,364
Collectively evaluated loans	45,052		57,706
Total loans held for investment	46,255		59,070
Allowance for Credit Losses [Abstract]
Individually evaluated loans	0
Collectively evaluated loans	554
Total allowance for loan losses	554		747		923	1,379
SBA [Member]
Amortized Cost Basis [Abstract]
Individually evaluated loans with an ACL recorded	0
Individually evaluated loans with no ACL recorded	0
Total impaired loans	0		41
Collectively evaluated loans	1,753		3,441
Total loans held for investment	1,753		3,482
Allowance for Credit Losses [Abstract]
Individually evaluated loans	0
Collectively evaluated loans	4
Total allowance for loan losses	4		21		22	118
HELOC [Member]
Amortized Cost Basis [Abstract]
Individually evaluated loans with an ACL recorded	0
Individually evaluated loans with no ACL recorded	0
Total impaired loans	0		0
Collectively evaluated loans	2,556		2,613
Total loans held for investment	2,556		2,613
Allowance for Credit Losses [Abstract]
Individually evaluated loans	0
Collectively evaluated loans	41
Total allowance for loan losses	41		27		18	25
Single Family Real Estate [Member]
Amortized Cost Basis [Abstract]
Individually evaluated loans with an ACL recorded	0
Individually evaluated loans with no ACL recorded	138
Total impaired loans	138		359
Collectively evaluated loans	10,212		8,350
Total loans held for investment	10,350		8,709
Allowance for Credit Losses [Abstract]
Individually evaluated loans	0
Collectively evaluated loans	164
Total allowance for loan losses	164		107		105	108
Consumer [Member]
Amortized Cost Basis [Abstract]
Individually evaluated loans with an ACL recorded	0
Individually evaluated loans with no ACL recorded	0
Total impaired loans	0		0
Collectively evaluated loans	71		107
Total loans held for investment	71		107
Allowance for Credit Losses [Abstract]
Individually evaluated loans	0
Collectively evaluated loans	1
Total allowance for loan losses	$ 1		$ 4		$ 1	$ 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, Impa

LOANS HELD FOR INVESTMENT, Impaired Financing Receivables (Details) - USD ($) $ in Thousands	Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021	Dec. 31, 2020
Recorded Investment [Abstract]
Impaired loans with an allowance recorded			$ 3,443
Impaired loans with no allowance recorded			2,614
Total impaired loans	$ 6,206		6,057
Loans collectively evaluated for impairment	945,510		929,066
Total loans held for investment	951,716		935,123
Allowance for Loan Losses [Abstract]
Loans individually evaluated for impairment			184
Loans collectively evaluated for impairment			10,581
Total allowance for loan losses	12,451	[1]	10,765	[1]	$ 10,404	$ 10,194
Manufactured Housing [Member]
Recorded Investment [Abstract]
Impaired loans with an allowance recorded			2,918
Impaired loans with no allowance recorded			1,166
Total impaired loans	2,074		4,084
Loans collectively evaluated for impairment	328,284		311,741
Total loans held for investment	330,358		315,825
Allowance for Loan Losses [Abstract]
Loans individually evaluated for impairment			157
Loans collectively evaluated for impairment			3,722
Total allowance for loan losses	5,378		3,879		2,606	2,612
Commercial Real Estate [Member]
Recorded Investment [Abstract]
Impaired loans with an allowance recorded			209
Impaired loans with no allowance recorded			0
Total impaired loans	2,791		209
Loans collectively evaluated for impairment	557,582		545,108
Total loans held for investment	560,373		545,317
Allowance for Loan Losses [Abstract]
Loans individually evaluated for impairment			18
Loans collectively evaluated for impairment			5,962
Total allowance for loan losses	6,309		5,980		6,729	5,950
Commercial [Member]
Recorded Investment [Abstract]
Impaired loans with an allowance recorded			67
Impaired loans with no allowance recorded			1,297
Total impaired loans	1,203		1,364
Loans collectively evaluated for impairment	45,052		57,706
Total loans held for investment	46,255		59,070
Allowance for Loan Losses [Abstract]
Loans individually evaluated for impairment			0
Loans collectively evaluated for impairment			747
Total allowance for loan losses	554		747		923	1,379
SBA [Member]
Recorded Investment [Abstract]
Impaired loans with an allowance recorded			41
Impaired loans with no allowance recorded			0
Total impaired loans	0		41
Loans collectively evaluated for impairment	1,753		3,441
Total loans held for investment	1,753		3,482
Allowance for Loan Losses [Abstract]
Loans individually evaluated for impairment			1
Loans collectively evaluated for impairment			20
Total allowance for loan losses	4		21		22	118
HELOC [Member]
Recorded Investment [Abstract]
Impaired loans with an allowance recorded			0
Impaired loans with no allowance recorded			0
Total impaired loans	0		0
Loans collectively evaluated for impairment	2,556		2,613
Total loans held for investment	2,556		2,613
Allowance for Loan Losses [Abstract]
Loans individually evaluated for impairment			0
Loans collectively evaluated for impairment			27
Total allowance for loan losses	41		27		18	25
Single Family Real Estate [Member]
Recorded Investment [Abstract]
Impaired loans with an allowance recorded			208
Impaired loans with no allowance recorded			151
Total impaired loans	138		359
Loans collectively evaluated for impairment	10,212		8,350
Total loans held for investment	10,350		8,709
Allowance for Loan Losses [Abstract]
Loans individually evaluated for impairment			8
Loans collectively evaluated for impairment			99
Total allowance for loan losses	164		107		105	108
Consumer [Member]
Recorded Investment [Abstract]
Impaired loans with an allowance recorded			0
Impaired loans with no allowance recorded			0
Total impaired loans	0		0
Loans collectively evaluated for impairment	71		107
Total loans held for investment	71		107
Allowance for Loan Losses [Abstract]
Loans individually evaluated for impairment			0
Loans collectively evaluated for impairment			4
Total allowance for loan losses	$ 1		$ 4		$ 1	$ 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, Am_2

LOANS HELD FOR INVESTMENT, Amortized Cost Basis of Collateral Dependent Loans by Class of Loans and by Collateral Type (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Collateral Dependent Loans by Class of Loans and by Collateral Type [Abstract]
Loans	$ 951,716	$ 935,123
Manufactured Housing [Member]
Collateral Dependent Loans by Class of Loans and by Collateral Type [Abstract]
Loans	330,358	315,825
Commercial Real Estate [Member]
Collateral Dependent Loans by Class of Loans and by Collateral Type [Abstract]
Loans	560,373	545,317
Commercial [Member]
Collateral Dependent Loans by Class of Loans and by Collateral Type [Abstract]
Loans	46,255	59,070
HELOC [Member]
Collateral Dependent Loans by Class of Loans and by Collateral Type [Abstract]
Loans	2,556	2,613
Single Family Real Estate [Member]
Collateral Dependent Loans by Class of Loans and by Collateral Type [Abstract]
Loans	10,350	8,709
Collateral [Member]
Collateral Dependent Loans by Class of Loans and by Collateral Type [Abstract]
Loans	5,328	2,021
Collateral [Member] | Manufactured Housing [Member]
Collateral Dependent Loans by Class of Loans and by Collateral Type [Abstract]
Loans	1,196	574
Collateral [Member] | Commercial Real Estate [Member]
Collateral Dependent Loans by Class of Loans and by Collateral Type [Abstract]
Loans	2,791
Collateral [Member] | Commercial [Member]
Collateral Dependent Loans by Class of Loans and by Collateral Type [Abstract]
Loans	1,203	1,297
Collateral [Member] | HELOC [Member]
Collateral Dependent Loans by Class of Loans and by Collateral Type [Abstract]
Loans	138
Collateral [Member] | Single Family Real Estate [Member]
Collateral Dependent Loans by Class of Loans and by Collateral Type [Abstract]
Loans		150
Manufactured Homes [Member]
Collateral Dependent Loans by Class of Loans and by Collateral Type [Abstract]
Loans	3,987	574
Manufactured Homes [Member] | Manufactured Housing [Member]
Collateral Dependent Loans by Class of Loans and by Collateral Type [Abstract]
Loans	1,196	574
Manufactured Homes [Member] | Commercial Real Estate [Member]
Collateral Dependent Loans by Class of Loans and by Collateral Type [Abstract]
Loans	2,791
Manufactured Homes [Member] | Commercial [Member]
Collateral Dependent Loans by Class of Loans and by Collateral Type [Abstract]
Loans	0	0
Manufactured Homes [Member] | HELOC [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	138	150
Single Family Residence [Member] | Manufactured Housing [Member]
Collateral Dependent Loans by Class of Loans and by Collateral Type [Abstract]
Loans	0	0
Single Family Residence [Member] | Commercial Real Estate [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	0
Single Family Residence [Member] | HELOC [Member]
Collateral Dependent Loans by Class of Loans and by Collateral Type [Abstract]
Loans	138
Single Family Residence [Member] | Single Family Real Estate [Member]
Collateral Dependent Loans by Class of Loans and by Collateral Type [Abstract]
Loans		150
Machinery & Equipment [Member]
Collateral Dependent Loans by Class of Loans and by Collateral Type [Abstract]
Loans	1,203	1,297
Machinery & Equipment [Member] | Manufactured Housing [Member]
Collateral Dependent Loans by Class of Loans and by Collateral Type [Abstract]
Loans	0	0
Machinery & Equipment [Member] | Commercial Real Estate [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	1,203	1,297
Machinery & Equipment [Member] | HELOC [Member]
Collateral Dependent Loans by Class of Loans and by Collateral Type [Abstract]
Loans	$ 0
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, Risk

LOANS HELD FOR INVESTMENT, Risk Categories for Gross Loans by Class of Loans and by Year of Origination (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable Risk Category of Loans by Class and by Year of Origination [Abstract]
2023/2022	$ 106,205	$ 233,248
2022/2021	204,765	188,001
2021/2020	181,209	124,363
2020/2019	109,773	82,953
2019/2018	79,981	67,054
Prior	256,231	216,192
Revolving	13,552	23,312
Total loans held for investment	951,716	935,123
Manufactured Housing [Member]
Financing Receivable Risk Category of Loans by Class and by Year of Origination [Abstract]
2023/2022	49,826	62,591
2022/2021	56,337	54,403
2021/2020	48,511	51,158
2020/2019	45,416	26,745
2019/2018	24,488	25,889
Prior	105,780	95,039
Revolving	0	0
Total loans held for investment	330,358	315,825
Manufactured Housing [Member] | Pass [Member]
Financing Receivable Risk Category of Loans by Class and by Year of Origination [Abstract]
2023/2022	49,826	62,591
2022/2021	56,337	54,403
2021/2020	48,412	51,158
2020/2019	45,199	26,745
2019/2018	24,488	25,768
Prior	103,999	94,106
Revolving	0	0
Total loans held for investment	328,261	314,771
Manufactured Housing [Member] | Substandard [Member]
Financing Receivable Risk Category of Loans by Class and by Year of Origination [Abstract]
2023/2022	0	0
2022/2021	0	0
2021/2020	99	0
2020/2019	217	0
2019/2018	0	121
Prior	1,781	933
Revolving	0	0
Total loans held for investment	2,097	1,054
Commercial Real Estate [Member]
Financing Receivable Risk Category of Loans by Class and by Year of Origination [Abstract]
2023/2022	50,612	161,023
2022/2021	142,382	125,074
2021/2020	126,402	68,589
2020/2019	61,031	54,340
2019/2018	54,091	33,695
Prior	125,855	102,596
Revolving	0	0
Total loans held for investment	560,373	545,317
Commercial Real Estate [Member] | Pass [Member]
Financing Receivable Risk Category of Loans by Class and by Year of Origination [Abstract]
2023/2022	50,612	161,023
2022/2021	142,382	125,074
2021/2020	117,260	57,441
2020/2019	58,874	50,134
2019/2018	49,967	32,662
Prior	116,518	95,174
Revolving	0	0
Total loans held for investment	535,613	521,508
Commercial Real Estate [Member] | Special Mention [Member]
Financing Receivable Risk Category of Loans by Class and by Year of Origination [Abstract]
2023/2022	0	0
2022/2021	0	0
2021/2020	8,669	10,092
2020/2019	207	4,206
2019/2018	4,124	1,033
Prior	3,572	0
Revolving	0	0
Total loans held for investment	16,572	15,331
Commercial Real Estate [Member] | Substandard [Member]
Financing Receivable Risk Category of Loans by Class and by Year of Origination [Abstract]
2023/2022	0	0
2022/2021	0	0
2021/2020	473	1,056
2020/2019	1,950	0
2019/2018	0	0
Prior	5,765	7,422
Revolving	0	0
Total loans held for investment	8,188	8,478
Commercial [Member]
Financing Receivable Risk Category of Loans by Class and by Year of Origination [Abstract]
2023/2022	3,587	8,804
2022/2021	5,225	5,647
2021/2020	4,327	1,505
2020/2019	1,192	1,107
2019/2018	658	6,956
Prior	17,714	14,352
Revolving	13,552	20,699
Total loans held for investment	46,255	59,070
Commercial [Member] | Pass [Member]
Financing Receivable Risk Category of Loans by Class and by Year of Origination [Abstract]
2023/2022	3,587	8,804
2022/2021	3,400	2,924
2021/2020	2,434	1,505
2020/2019	791	1,107
2019/2018	620	6,956
Prior	13,758	10,889
Revolving	13,552	20,699
Total loans held for investment	38,142	52,884
Commercial [Member] | Special Mention [Member]
Financing Receivable Risk Category of Loans by Class and by Year of Origination [Abstract]
2023/2022	0	0
2022/2021	1,825	2,723
2021/2020	1,893	0
2020/2019	401	0
2019/2018	0	0
Prior	0	0
Revolving	0	0
Total loans held for investment	4,119	2,723
Commercial [Member] | Substandard [Member]
Financing Receivable Risk Category of Loans by Class and by Year of Origination [Abstract]
2023/2022	0	0
2022/2021	0	0
2021/2020	0	0
2020/2019	0	0
2019/2018	38	0
Prior	3,956	3,463
Revolving	0	0
Total loans held for investment	3,994	3,463
SBA [Member]
Financing Receivable Risk Category of Loans by Class and by Year of Origination [Abstract]
2023/2022	0	0
2022/2021	0	690
2021/2020	0	1,083
2020/2019	160	0
2019/2018	0	0
Prior	1,593	1,709
Revolving	0	0
Total loans held for investment	1,753	3,482
SBA [Member] | Pass [Member]
Financing Receivable Risk Category of Loans by Class and by Year of Origination [Abstract]
2023/2022	0	0
2022/2021	0	690
2021/2020	0	1,083
2020/2019	160	0
2019/2018	0	0
Prior	1,429	1,709
Revolving	0	0
Total loans held for investment	1,589	3,482
SBA [Member] | Special Mention [Member]
Financing Receivable Risk Category of Loans by Class and by Year of Origination [Abstract]
2023/2022	0
2022/2021	0
2021/2020	0
2020/2019	0
2019/2018	0
Prior	163
Revolving	0
Total loans held for investment	163
SBA [Member] | Doubtful [Member]
Financing Receivable Risk Category of Loans by Class and by Year of Origination [Abstract]
2023/2022	0
2022/2021	0
2021/2020	0
2020/2019	0
2019/2018	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]
2023/2022	0	0
2022/2021	0	0
2021/2020	0	0
2020/2019	0	0
2019/2018	0	0
Prior	2,556	0
Revolving	0	2,613
Total loans held for investment	2,556	2,613
HELOC [Member] | Pass [Member]
Financing Receivable Risk Category of Loans by Class and by Year of Origination [Abstract]
2023/2022	0	0
2022/2021	0	0
2021/2020	0	0
2020/2019	0	0
2019/2018	0	0
Prior	2,556	0
Revolving	0	2,613
Total loans held for investment	2,556	2,613
Single Family Real Estate [Member]
Financing Receivable Risk Category of Loans by Class and by Year of Origination [Abstract]
2023/2022	2,109	817
2022/2021	821	2,187
2021/2020	1,969	2,028
2020/2019	1,974	761
2019/2018	744	514
Prior	2,733	2,402
Revolving	0	0
Total loans held for investment	10,350	8,709
Single Family Real Estate [Member] | Pass [Member]
Financing Receivable Risk Category of Loans by Class and by Year of Origination [Abstract]
2023/2022	2,109	817
2022/2021	821	2,187
2021/2020	1,969	2,028
2020/2019	1,974	761
2019/2018	744	364
Prior	2,595	2,398
Revolving	0	0
Total loans held for investment	10,212	8,555
Single Family Real Estate [Member] | Substandard [Member]
Financing Receivable Risk Category of Loans by Class and by Year of Origination [Abstract]
2023/2022	0	0
2022/2021	0	0
2021/2020	0	0
2020/2019	0	0
2019/2018	0	150
Prior	138	4
Revolving	0	0
Total loans held for investment	138	154
Consumer [Member]
Financing Receivable Risk Category of Loans by Class and by Year of Origination [Abstract]
2023/2022	71	13
2022/2021	0	0
2021/2020	0	0
2020/2019	0	0
2019/2018	0	0
Prior	0	94
Revolving	0	0
Total loans held for investment	71	107
Consumer [Member] | Pass [Member]
Financing Receivable Risk Category of Loans by Class and by Year of Origination [Abstract]
2023/2022	71	13
2022/2021	0	0
2021/2020	0	0
2020/2019	0	0
2019/2018	0	0
Prior	0	94
Revolving	0	0
Total loans held for investment	$ 71	$ 107

LOANS HELD FOR INVESTMENT, Gros

LOANS HELD FOR INVESTMENT, Gross Loans by Risk Rating (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Gross loans by risk rating [Abstract]
Total loans held for investment	$ 951,716	$ 935,123
Loss [Member]
Gross loans by risk rating [Abstract]
Total loans held for investment	$ 0	$ 0

LOANS HELD FOR INVESTMENT, Loan

LOANS HELD FOR INVESTMENT, Loan Modifications (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) Loan
Loan Modifications [Abstract]
Commitments to lend any additional amounts to the borrowers experiencing financial difficulties	$ 0
Term Extension [Member]
Loan Modifications [Abstract]
Amortized cost	$ 1,846
% of total class of loans	0.19%
Weighted average months	45 months 27 days
Payment Deferral [Member]
Loan Modifications [Abstract]
Amortized cost	$ 160
% of total class of loans	0.02%
Weighted average months	3 months
Commercial Real Estate [Member] | Term Extension [Member]
Loan Modifications [Abstract]
Amortized cost	$ 473
% of total class of loans	0.08%
Weighted average months	5 months
Modified loans that was delinquent and in foreclosure, number | Loan	1
Modified loans that was delinquent and in foreclosure, amortized cost	$ 473
Commercial [Member] | Term Extension [Member]
Loan Modifications [Abstract]
Amortized cost	$ 1,373
% of total class of loans	2.97%
Weighted average months	60 months
SBA [Member] | Payment Deferral [Member]
Loan Modifications [Abstract]
Amortized cost	$ 160
% of total class of loans	9.13%
Weighted average months	3 months

LOANS HELD FOR INVESTMENT, Trou

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

LOANS HELD FOR INVESTMENT, Rela

LOANS HELD FOR INVESTMENT, Related Parties (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Summary of Aggregate Activity in Loans to Related Parties [Roll Forward]
Balance, beginning	$ 2,622	$ 2,919
New loans	0	0
Repayments and other	(190)	(297)
Balance, ending	2,432	2,622
Loan commitments outstanding with related parties	$ 400	$ 300

PREMISES AND EQUIPMENT (Details

PREMISES AND EQUIPMENT (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Premises and equipment [Abstract]
Premises and equipment, gross	$ 19,891	$ 19,962
Accumulated depreciation	(14,074)	(13,858)
Premises and equipment, net	5,817	6,104
Bank Premises and Land [Member]
Premises and equipment [Abstract]
Premises and equipment, gross	3,975	3,983
Furniture, Fixtures, and Equipment [Member]
Premises and equipment [Abstract]
Premises and equipment, gross	11,017	10,865
Leasehold Improvements [Member]
Premises and equipment [Abstract]
Premises and equipment, gross	4,644	4,992
Construction in Progress [Member]
Premises and equipment [Abstract]
Premises and equipment, gross	$ 255	$ 122

OTHER ASSETS ACQUIRED THROUGH_3

OTHER ASSETS ACQUIRED THROUGH FORECLOSURE (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
OTHER ASSETS ACQUIRED THROUGH FORECLOSURE [Abstract]
Balance, beginning of period	$ 2,250	$ 2,518	$ 2,614
Additions	1,576	0	136
Proceeds from dispositions	(2,967)	(384)	0
Gains (losses) on sales, net	123	116	(232)
Balance, end of period	$ 982	$ 2,250	$ 2,518

DEPOSITS (Details)

DEPOSITS (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Summary of deposits by type [Abstract]
Non-interest-bearing demand deposits	$ 168,603	$ 216,494
Interest-bearing deposits [Abstract]
NOW accounts	32,267	38,068
Money market deposit account	345,263	390,105
Savings accounts	16,257	23,490
Time deposits of $250,000 or more	13,892	6,693
Other time deposits	276,656	200,234
Total deposits	852,938	875,084
Deposit liabilities that may be immediately withdrawn	562,400
Maturities of time certificates [Abstract]
2024	222,807
2025	19,527
2026	42,914
2027	5,143
2028	157
Total	290,548
Deposits with CDARS	17,700	51,100
Deposit Liabilities, ICS	117,400	69,200
Related Party [Member]
Interest-bearing deposits [Abstract]
Total deposits	$ 41,300	$ 29,300

BORROWINGS (Details)

BORROWINGS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
FHLB advances by maturity date [Abstract]
Amount	$ 90,000	$ 90,000
Financial Home Loan Bank Advances [Abstract]
Securities pledged to FHLB	9,300	21,100
Loans	951,716	935,123
Total FHLB interest expense	955	817	$ 869
Federal Funds Purchased Lines [Abstract]
Federal funds borrowing lines at correspondent banks	20,000
Federal funds amount outstanding	$ 0	$ 0
Weighted Average [Member]
FHLB advances by maturity date [Abstract]
Rate	0.86%	0.86%
FHLB Advance April 15, 2025 [Member]
FHLB advances by maturity date [Abstract]
Amount	$ 6,000	$ 6,000
Rate	0.76%	0.76%
Maturity date	Apr. 15, 2025
FHLB Advance April 15, 2025 [Member]
FHLB advances by maturity date [Abstract]
Amount	$ 39,000	$ 39,000
Rate	0.78%	0.78%
Maturity date	Apr. 15, 2025
FHLB Advance June 23, 2025 [Member]
FHLB advances by maturity date [Abstract]
Amount	$ 30,000	$ 30,000
Rate	0.95%	0.95%
Maturity date	Jun. 23, 2025
FHLB Advance June 23, 2025 [Member]
FHLB advances by maturity date [Abstract]
Amount	$ 15,000	$ 15,000
Rate	0.92%	0.92%
Maturity date	Jun. 23, 2025
Line of Credit [Member]
Line of Credit [Abstract]
Maximum borrowing capacity	$ 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	2 years
Outstanding balance	$ 10,000	$ 0
Line of credit interest rate	8.75%
Line of Credit [Member] | Prime Rate [Member]
Line of Credit [Abstract]
Basis spread on variable rate	0.25%
Federal Home Loan Bank Advances [Member]
Financial Home Loan Bank Advances [Abstract]
Letter of credit with FHLB	$ 27,000
Available for additional borrowing	112,800
Total FHLB interest expense	900	800	$ 900
Federal Home Loan Bank Advances [Member] | Asset Pledged as Collateral [Member]
Financial Home Loan Bank Advances [Abstract]
Securities pledged to FHLB	9,300	21,100
Loans	371,900	232,600
Federal Reserve Bank Advances [Member]
Line of Credit [Abstract]
Outstanding balance	0	0
Available borrowing capacity	110,700
Federal Reserve Bank Advances [Member] | Asset Pledged as Collateral [Member]
Financial Home Loan Bank Advances [Abstract]
Loans	$ 293,700	$ 248,600

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Off-balance Sheet Risks, Disclosure Information [Abstract]
Contractual amounts for unfunded commitments and letters of credit	$ 84,656	$ 100,011
Unfunded Commitments and Letters of Credit [Abstract]
Loss contingency for unfunded loan commitments and letters of credit	458	94
Commitments to Extend Credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Abstract]
Contractual amounts for unfunded commitments and letters of credit	84,656	100,011
Standby Letters of Credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Abstract]
Contractual amounts for unfunded commitments and letters of credit	$ 0	$ 0

STOCKHOLDERS' EQUITY, Common St

STOCKHOLDERS' EQUITY, Common Stock Warrants and Common Stock (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Feb. 18, 2019
Common Stock [Abstract]
Common stock dividend paid	$ 2,824	$ 2,574	$ 2,312
Common Stock [Member]
Common Stock [Abstract]
Common stock dividend paid	$ 2,800	$ 2,600	$ 2,300
Common Stock [Member] | Stock Repurchase Program [Member]
Common Stock [Abstract]
Amount of common stock repurchase program authorized				$ 4,500
Expiration date	Aug. 31, 2025
Common stock shares repurchased to date (in shares)	350,189
Common stock shares repurchased to date, value	$ 3,100
Common stock shares repurchased to date, average price (in dollars per share)	$ 8.75
Common stock shares repurchased during the period (in shares)	0	0	0

STOCKHOLDERS' EQUITY, Equity Co

STOCKHOLDERS' EQUITY, Equity Compensation Plans (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) Plan $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2021 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award, Additional General Disclosures [Abstract]
Number of stock option plans | Plan	2
Option-pricing model assumptions [Abstract]
Expected life in years	6 years 3 months 18 days	6 years 3 months 18 days	6 years 4 months 24 days
Risk-free interest rate	3.52%	2.53%	1.80%
Expected volatility	27.44%	28.81%	36.40%
Annual dividend yield	2.03%	2.05%	1.94%
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Additional General Disclosures [Abstract]
Vesting period	5 years
Contractual life	10 years
Number of shares available for grant (in shares)	302,919
Unrecognized compensation cost | $	$ 200
Period for recognition of unrecognized compensation cost	1 year 9 months 18 days
Intrinsic value of options exercised | $	$ 300	$ 500	$ 900
Option Shares [Roll Forward]
Outstanding options, beginning of period (in shares)	605,950
Granted (in shares)	2,500
Exercised (in shares)	(54,168)
Forfeited or expired (in shares)	(23,432)
Outstanding options, end of period (in shares)	530,850	605,950
Options exercisable, end of period (in shares)	385,930
Options expected to vest, end of period (in shares)	502,653
Weighted Average Exercise Price [Abstract]
Outstanding options, beginning of period (in dollars per share) | $ / shares	$ 9.95
Granted (in dollars per share) | $ / shares	14.75
Exercised (in dollars per share) | $ / shares	8.41
Forfeited or expired (in dollars per share) | $ / shares	11.11
Outstanding options, end of period (in dollars per share) | $ / shares	10.08	$ 9.95
Options exercisable, end of period (in dollars per share) | $ / shares	9.46
Options expected to vest, end of period (in dollars per share) | $ / shares	$ 9.96
Weighted Average Remaining Term [Abstract]
Outstanding options	5 years 3 days
Options exercisable	4 years 1 month 9 days
Options expected to vest	4 years 10 months 9 days
Aggregate Intrinsic Value [Abstract]
Outstanding options, end of period | $	$ 3,881
Options exercisable, end of period | $	3,060
Options expected to vest, end of period | $	$ 3,736
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Additional General Disclosures [Abstract]
Vesting period	5 years
Unrecognized compensation cost | $	$ 300
Period for recognition of unrecognized compensation cost	3 years 8 months 12 days
Nonvested Restricted Stock Awards [Roll Forward]
Unvested options, beginning of period (in shares)	34,934
Granted (in shares)	23,900
Vested (in shares)	(19,212)
Forfeited (in shares)	(1,718)
Unvested options, end of period (in shares)	37,904	34,934
Weighted Average Grant-Date Fair Value [Roll Forward]
Unvested options, beginning of period (in dollars per share) | $ / shares	$ 13.78
Granted (in dollars per share) | $ / shares	14.59
Vested (in dollars per share) | $ / shares	14.39
Forfeited (in dollars per share) | $ / shares	13.38
Unvested options, end of period (in dollars per share) | $ / shares	$ 14	$ 13.78

CAPITAL REQUIREMENTS, Bank's Re

CAPITAL REQUIREMENTS, Bank's Regulatory Ratios and Federal Reserve's Current Adequacy Guidelines (Details)	Dec. 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	0.05
CWB [Member]
Regulatory Ratios [Abstract]
Total capital ratio	0.131	0.1256
Tier 1 risk-based capital ratio	0.1189	0.1144
Common Equity Tier 1 ratio	0.1189	0.1144
Tier 1 leverage ratio	0.1088	0.1034

CAPITAL REQUIREMENTS, Adoption

CAPITAL REQUIREMENTS, Adoption of CECL (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reduction in stockholders' equity	$ 116,244	$ 112,650	$ 101,375	$ 89,007
Income tax allocated to stockholders' equity	700	659
Retained Earnings [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reduction in stockholders' equity	70,646	$ 67,727	$ 56,852	$ 46,063
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	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Noninterest Income [Abstract]
Non-interest income (in-scope of ASC 606)	$ 987	$ 853	$ 711
Non-interest income (out-of-scope of ASC 606)	2,766	3,125	3,042
Total non-interest income	3,753	3,978	3,753
Service Charges on Deposit Accounts [Member]
Noninterest Income [Abstract]
Non-interest income (in-scope of ASC 606)	538	335	243
Exchange Fees and Other Service Charges [Member]
Noninterest Income [Abstract]
Non-interest income (in-scope of ASC 606)	$ 449	$ 518	$ 468

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Current [Abstract]
Federal	$ 2,133	$ 3,518	$ 3,671
State	1,315	1,994	2,046
Current income tax expense (benefit)	3,448	5,512	5,717
Deferred [Abstract]
Federal	80	(178)	(371)
State	(34)	(72)	(134)
Deferred income tax expense (benefit)	46	(250)	(505)
Total provision for income taxes	$ 3,494	$ 5,262	$ 5,212
Reconciliation between statutory income tax rate and effective tax rate [Abstract]
Federal income tax at statutory rate	21%	21%	21%
State franchise tax, net of federal benefit	9%	8.20%	8.60%
Merger costs	1.40%	0%	0%
Other	0.90%	(1.10%)	(1.10%)
Total provision for income taxes	32.30%	28.10%	28.50%
Deferred Tax Assets [Abstract]
Allowance for credit losses	$ 3,678	$ 3,127
Bonus accrual	2	8
Deferred compensation	1,236	1,057
Lease liability	1,301	1,555
Deferred state taxes	273	419
Unrealized loss of AFS securities	408	305
Other	608	586
Total deferred tax assets	7,506	7,057
Deferred Tax Liabilities [Abstract]
Depreciation	(455)	(469)
Right of use asset	(1,281)	(1,535)
Total deferred tax liabilities	(1,736)	(2,004)
Net deferred tax assets	5,770	5,053
Deferred tax asset valuation allowance	0	0
Uncertain tax positions	$ 0	$ 0

LEASES (Details)

LEASES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Operating leases [Abstract]
Operating lease, right-of-use assets	$ 4,300
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other Assets
Lease cost [Abstract]
Operating lease cost	$ 1,022	$ 1,012
Sublease income	0	0
Total lease cost	1,022	1,012
Other information [Abstract]
Cash paid for amounts included in the measurement of lease liabilities - operating leases	$ 1,022	$ 1,003
Weighted average remaining lease term in years - operating leases	6 years 3 months 18 days	7 years
Weighted average discount rate - operating leases	3.68%	3.26%
Future minimum operating lease payments [Abstract]
2024	$ 1,041
2025	991
2026	891
2027	488
2028	314
Thereafter	1,240
Total future minimum lease payments	4,965
Less remaining imputed interest	565
Total lease liabilities	$ 4,400
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Other Liabilities
Minimum [Member]
Operating leases [Abstract]
Term of operating leases	2 years
Maximum [Member]
Operating leases [Abstract]
Term of operating leases	10 years

EMPLOYEE BENEFIT PLANS (Details

EMPLOYEE BENEFIT PLANS (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
EMPLOYEE BENEFIT PLANS [Abstract]
Defined Contribution Plan, Tax Status [Extensible List]	us-gaap:QualifiedPlanMember
Defined Contribution Plan, Type [Extensible List]	us-gaap:PensionPlansDefinedBenefitMember
Maximum amount of annual contribution per participant under age 50	$ 22,500
Percentage of maximum matching contribution by employer	3%
Employer contribution	$ 400,000	$ 300,000	$ 300,000
Salary Continuation [Abstract]
Maximum period of monthly cash payment to the officer or beneficiaries in the event of death, disability or retirement	15 years
Salary continuation liability accrual	$ 1,600,000	1,500,000
Cash surrender value of life insurance	$ 8,900,000	8,700,000
Executive Officers [Member] | Deferred Compensation Plans [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Abstract]
Age of vesting	65 years
Expenses incurred	$ 200,000	300,000	$ 200,000
Deferred compensation liability	$ 2,500,000	$ 2,100,000
Select Group of Management or Highly Compensated Employees [Member] | Unfunded Nonqualified Deferred Compensation Arrangement [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Abstract]
Maximum percentage of deferred base salary and bonus	30%
Period of certificate of deposit rate paid on vested balance	36 months

FAIR VALUE MEASUREMENT, Fair Va

FAIR VALUE MEASUREMENT, Fair Value of Assets Measured on Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Assets [Abstract]
Investment securities measured at fair value	$ 382	$ 225
Investment securities - available-for-sale	15,232	26,688
Servicing assets	12	26	$ 44	$ 43
U.S. Government Agency Notes [Member]
Assets [Abstract]
Investment securities - available-for-sale	3,330	4,107
U.S. Government Agency CMOs [Member]
Assets [Abstract]
Investment securities - available-for-sale	3,944	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	7,958	8,315
Recurring [Member]
Assets [Abstract]
Investment securities measured at fair value	382	225
Interest only strips	5	7
Servicing assets	12	26
Total	15,631	26,946
Recurring [Member] | U.S. Government Agency Notes [Member]
Assets [Abstract]
Investment securities - available-for-sale	3,330	4,107
Recurring [Member] | U.S. Government Agency CMOs [Member]
Assets [Abstract]
Investment securities - available-for-sale	3,944	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	7,958	8,315
Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Assets [Abstract]
Investment securities measured at fair value	382	225
Interest only strips	0	0
Servicing assets	0	0
Total	382	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 CMOs [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	15,232	26,688
Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | U.S. Government Agency Notes [Member]
Assets [Abstract]
Investment securities - available-for-sale	3,330	4,107
Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | U.S. Government Agency CMOs [Member]
Assets [Abstract]
Investment securities - available-for-sale	3,944	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	7,958	8,315
Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member]
Assets [Abstract]
Investment securities measured at fair value	0	0
Interest only strips	5	7
Servicing assets	12	26
Total	17	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 CMOs [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, Assets

FAIR VALUE MEASUREMENT, Assets Measured on Non-recurring Basis (Details) - Non-recurring [Member] - USD ($) $ in Thousands	Dec. 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	$ 982	2,250
Total	982	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
Significant Other Observable Inputs (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	982	2,250
Total	982	6,055
Significant 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	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Financial assets [Abstract]
Investment securities - available-for-sale	$ 15,232	$ 26,688
Investment securities - held-to-maturity	2,135	2,557
Investment securities - measured at fair value	382	225
Servicing assets	12	26	$ 44	$ 43
Carrying Amount [Member]
Financial assets [Abstract]
Cash and cash equivalents	72,198	64,690
FHLB and FRB stock	4,865	4,533
Investment securities - available-for-sale	15,232	26,688
Investment securities - held-to-maturity	2,135	2,557
Investment securities - measured at fair value	382	225
Loans held for sale and loans held for investment, net	955,021	944,577
Accrued interest receivable	5,655	5,295
Servicing assets	1,305	1,480
Interest only strips	5	7
Financial liabilities [Abstract]
Deposits	852,938	875,084
FHLB advances and other borrowings	100,000	90,000
Accrued interest payable	2,355	126
Fair Value [Member]
Financial assets [Abstract]
Cash and cash equivalents	72,198	64,690
FHLB and FRB stock	4,865	4,533
Investment securities - available-for-sale	15,232	26,688
Investment securities - held-to-maturity	2,056	2,423
Investment securities - measured at fair value	382	225
Loans held for sale and loans held for investment, net	905,073	895,939
Accrued interest receivable	5,655	5,295
Servicing assets	2,583	2,646
Interest only strips	5	7
Financial liabilities [Abstract]
Deposits	850,236	867,697
FHLB advances and other borrowings	95,426	83,322
Accrued interest payable	2,355	126
Fair Value [Member] | Level 1 [Member]
Financial assets [Abstract]
Cash and cash equivalents	72,198	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	382	225
Loans held for sale and loans held for investment, net	0	0
Accrued interest receivable	0	0
Servicing assets	0	0
Interest only strips	0	0
Financial liabilities [Abstract]
Deposits	0	0
FHLB advances and other borrowings	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	4,865	4,533
Investment securities - available-for-sale	15,232	26,688
Investment securities - held-to-maturity	2,056	2,423
Investment securities - measured at fair value	0	0
Loans held for sale and loans held for investment, net	905,073	892,134
Accrued interest receivable	5,655	5,295
Servicing assets	0	0
Interest only strips	0	0
Financial liabilities [Abstract]
Deposits	850,236	867,697
FHLB advances and other borrowings	95,426	83,322
Accrued interest payable	2,355	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 held for sale and loans held for investment, net	0	3,805
Accrued interest receivable	0	0
Servicing assets	2,583	2,646
Interest only strips	5	7
Financial liabilities [Abstract]
Deposits	0	0
FHLB advances and other borrowings	0	0
Accrued interest payable	$ 0	$ 0

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Changes in other comprehensive income (loss) by component, net of tax [Roll Forward]
Balance	$ 112,650	$ 101,375	$ 89,007
Net current-period other comprehensive income	(245)	(863)	57
Balance	116,244	112,650	101,375
Unrealized Holding Gains (Losses) on AFS [Member]
Changes in other comprehensive income (loss) by component, net of tax [Roll Forward]
Balance	(771)	92	35
Other comprehensive income (loss)	(245)	(863)	57
Net current-period other comprehensive income	(245)	(863)	57
Balance	$ (1,016)	$ (771)	$ 92

PARENT COMPANY FINANCIAL INFO_3

PARENT COMPANY FINANCIAL INFORMATION, Condensed Balance Sheets (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Assets [Abstract]
Cash and cash equivalents	$ 72,198	$ 64,690
Other assets	30,436	39,878
Total assets	1,087,068	1,091,502
Liabilities and Stockholders' Equity [Abstract]
Other liabilities	17,886	13,768
Total liabilities	970,824	978,852
Total stockholders' equity	116,244	112,650	$ 101,375	$ 89,007
Total liabilities and stockholders' equity	1,087,068	1,091,502
Parent Company [Member]
Assets [Abstract]
Cash and cash equivalents	10,498	67
Investment in subsidiary	115,407	112,183
Other assets	521	419
Total assets	126,426	112,669
Liabilities and Stockholders' Equity [Abstract]
Other borrowings	10,000	0
Other liabilities	182	19
Total liabilities	10,182	19
Total stockholders' equity	116,244	112,650
Total liabilities and stockholders' equity	$ 126,426	$ 112,669

PARENT COMPANY FINANCIAL INFO_4

PARENT COMPANY FINANCIAL INFORMATION, Condensed Income Statements (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Condensed Income Statements [Abstract]
Interest income	$ 57,522	$ 49,138	$ 46,078
Interest expense	15,115	3,328	3,704
Net interest income	42,407	45,810	42,374
Provision for credit losses	(395)	(195)	(181)
Net interest income after provision (credit) for credit losses	42,802	46,005	42,555
Total non-interest expenses	35,745	31,272	27,995
Income before provision for income taxes	10,810	18,711	18,313
Income tax benefit	3,494	5,262	5,212
Net income	7,316	13,449	13,101
Parent Company [Member]
Condensed Income Statements [Abstract]
Interest income	0	0	0
Interest expense	51	16	17
Net interest income	(51)	(16)	(17)
Provision for credit losses	0	0	0
Net interest income after provision (credit) for credit losses	(51)	(16)	(17)
Equity in income from consolidated subsidiary	8,668	13,779	13,271
Total income	8,617	13,763	13,254
Total non-interest expenses	1,624	525	420
Income before provision for income taxes	6,993	13,238	12,834
Income tax benefit	(323)	(211)	(267)
Net income	$ 7,316	$ 13,449	$ 13,101

PARENT COMPANY FINANCIAL INFO_5

PARENT COMPANY FINANCIAL INFORMATION, Condensed Statements of Cash Flows (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash Flows from Operating Activities [Abstract]
Net income	$ 7,316	$ 13,449	$ 13,101
Adjustments to reconcile net income to cash provided by operating activities [Abstract]
Stock-based compensation	464	289	318
Changes in [Abstract]
Other assets	9,983	(9,196)	439
Other liabilities	3,753	(1,778)	1,093
Net cash provided by (used in) operating activities	25,586	5,856	22,220
Cash Flows from Investing Activities [Abstract]
Net cash provided by (used in) investing activities	(3,564)	(72,894)	(42,223)
Cash Flows from Financing Activities [Abstract]
Proceeds from other borrowings	20,000	0	0
Repayments of other borrowings	(10,000)	0	0
Common stock dividends paid	(2,824)	(2,574)	(2,312)
Proceeds from exercise of stock options	456	974	1,204
Net cash (used in) provided by financing activities	(14,514)	(76,647)	167,838
Net increase (decrease) in cash and cash equivalents	7,508	(143,685)	147,835
Cash and cash equivalents at beginning of year	64,690	208,375	60,540
Cash and cash equivalents at end of year	72,198	64,690	208,375
Parent Company [Member]
Cash Flows from Operating Activities [Abstract]
Net income	7,316	13,449	13,101
Adjustments to reconcile net income to cash provided by operating activities [Abstract]
Equity in undistributed income from subsidiary	(8,668)	(13,779)	(13,271)
Stock-based compensation	464	289	318
Changes in [Abstract]
Other assets	(102)	(221)	41
Other liabilities	163	15	(215)
Net cash provided by (used in) operating activities	(827)	(247)	(26)
Cash Flows from Investing Activities [Abstract]
Net dividends from and investment in subsidiary	3,626	1,375	1,600
Net cash provided by (used in) investing activities	3,626	1,375	1,600
Cash Flows from Financing Activities [Abstract]
Proceeds from other borrowings	20,000	0	0
Repayments of other borrowings	(10,000)	0	0
Common stock dividends paid	(2,824)	(2,574)	(2,312)
Proceeds from exercise of stock options	456	974	1,204
Net cash (used in) provided by financing activities	7,632	(1,600)	(1,108)
Net increase (decrease) in cash and cash equivalents	10,431	(472)	466
Cash and cash equivalents at beginning of year	67	539	73
Cash and cash equivalents at end of year	$ 10,498	$ 67	$ 539

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - $ / shares		12 Months Ended
	Jan. 26, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Dividends [Abstract]
Dividends declared per common share (in dollars per share)		$ 0.32	$ 0.295	$ 0.27
Subsequent Event [Member]
Dividends [Abstract]
Dividend payable, date declared	Jan. 26, 2024
Dividends declared per common share (in dollars per share)	$ 0.08
Dividend payable, date to be paid	Feb. 29, 2024
Dividend payable, date of record	Feb. 09, 2024