PCB Bancorp (PCB) 10-Q 9 May 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2019	May 02, 2019
Document and Entity Information [Abstract]
Entity Registrant Name	PACIFIC CITY FINANCIAL CORPORATION
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		16,017,040
Amendment Flag	false
Entity Central Index Key	0001423869
Entity Filer Category	Accelerated Filer
Document Period End Date	Mar. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Entity Emerging Growth Company	true
Entity Small Business	true
Transition Period	true

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Assets
Cash and due from banks	$ 22,106	$ 24,121
Interest-bearing deposits in other financial institutions	151,481	138,152
Total cash and cash equivalents	173,587	162,273
Securities available-for-sale, at fair value	144,353	146,991
Securities held-to-maturity, at amortized cost (fair value of $23,110 at March 31, 2019 and $21,152 at December 31, 2018)	23,311	21,760
Total investment securities	167,664	168,751
Loans held-for-sale	3,915	5,781
Loans held-for-investment, net of deferred loan costs (fees)	1,343,172	1,338,682
Allowance for loan losses	(13,137)	(13,167)
Net loans held-for-investment	1,330,035	1,325,515
Premises and equipment, net	4,259	4,588
Federal Home Loan Bank and other restricted stock, at cost	7,433	7,433
Other real estate owned, net	395	0
Deferred tax assets, net	3,251	3,377
Servicing assets	7,485	7,666
Operating lease assets	9,132
Accrued interest receivable and other assets	10,618	11,644
Total assets	1,717,774	1,697,028
Deposits:
Noninterest-bearing demand	330,645	329,270
Savings, NOW and money market accounts	294,650	313,610
Time deposits of $250,000 or less	492,770	519,634
Time deposits of more than $250,000	329,693	281,239
Total deposits	1,447,758	1,443,753
Federal Home Loan Bank advances	30,000	30,000
Operating lease liabilities	10,133
Accrued interest payable and other liabilities	12,672	12,979
Total liabilities	1,500,563	1,486,732
Commitments and contingent liabilities
Preferred stock, 10,000,000 shares authorized, no par value, 0 issued and outstanding shares	0	0
Common stock, 60,000,000 shares authorized, no par value; 16,011,151 and 15,977,754 shares issued and outstanding at March 31, 2019 and December 31, 2018, respectively	171,407	171,067
Additional paid-in capital	3,336	3,299
Retained earnings	43,288	37,577
Accumulated other comprehensive loss, net	(820)	(1,647)
Total shareholders’ equity	217,211	210,296
Total liabilities and shareholders’ equity	$ 1,717,774	$ 1,697,028

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Securities held-to-maturity, fair value	$ 23,110	$ 21,152
Preferred stock, authorized (in shares)	10,000,000	10,000,000
Preferred stock, issued (in shares)	0	0
Preferred stock, outstanding (in shares)	0	0
Common stock, authorized (in shares)	60,000,000	60,000,000
Common stock, issued (in shares)	16,011,151	15,977,754
Common stock, outstanding (in shares)	16,011,151	15,977,754

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Interest income:
Interest and fees on loans	$ 20,934	$ 17,440
Interest on tax-exempt investment securities	39	40
Interest on investment securities	1,054	808
Interest and dividends on other interest-earning assets	925	340
Total interest income	22,952	18,628
Interest expense:
Interest on deposits	5,665	3,166
Interest on borrowings	134	168
Total interest expense	5,799	3,334
Net interest income	17,153	15,294
Provision (reversal) for loan losses	(85)	95
Net interest income after provision (reversal) for loan losses	17,238	15,199
Noninterest income:
Service charges and fees on deposits	588	565
Loan servicing income	631	626
Gain on sale of loans	1,120	2,116
Other income	294	271
Total noninterest income	2,409	3,362
Noninterest expense:
Salaries and employee benefits	6,622	6,246
Occupancy and equipment	1,313	1,144
Professional fees	758	523
Marketing and business promotion	228	388
Data processing	318	302
Director fees and expenses	189	230
Regulatory assessments	116	132
Other expenses	745	666
Total noninterest expense	10,289	9,631
Income before income taxes	9,358	8,930
Income tax expense	2,794	2,666
Net income	$ 6,564	$ 6,264
Earnings per common share, basic (in dollars per share)	$ 0.41	$ 0.47
Earnings per common share, diluted (in dollars per share)	$ 0.40	$ 0.46
Weighted-average common shares outstanding, basic (in shares)	15,999,464	13,418,259
Weighted-average common shares outstanding, diluted (in shares)	16,271,269	13,586,759
Service charges and fees on deposits
Noninterest income:
Service charges and fees on deposits	$ 364	$ 349

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Statement of Comprehensive Income [Abstract]
Net income	$ 6,564	$ 6,264
Other comprehensive income (loss):
Unrealized gain (loss) on securities available-for-sale arising during the period	1,172	(1,445)
Income tax benefit (expense) related to items of other comprehensive income	(345)	420
Total other comprehensive income (loss), net of tax	827	(1,025)
Total comprehensive income	$ 7,391	$ 5,239

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Common stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss
Beginning balance at Dec. 31, 2017	$ 142,184	$ 125,430	$ 2,941	$ 15,036	$ (1,223)
Beginning balance (in shares) at Dec. 31, 2017		13,417,899
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	6,264			6,264
Other comprehensive income (loss), net of tax	(1,025)				(1,025)
Share-based compensation expense	182		182
Stock options exercised	30	$ 81	(51)
Stock options exercised (in shares)		6,878
Cash dividends declared on common stock	(402)			(402)
Balance at end of period at Mar. 31, 2018	147,233	$ 125,511	3,072	20,898	(2,248)
Ending balance (in shares) at Mar. 31, 2018		13,424,777
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative effect adjustment upon adoption of new lease accounting standard | ASU 2016-02	(53)			(53)
Beginning balance at Dec. 31, 2018	$ 210,296	$ 171,067	3,299	37,577	(1,647)
Beginning balance (in shares) at Dec. 31, 2018	15,977,754	15,977,754
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 6,564			6,564
Other comprehensive income (loss), net of tax	827				827
Share-based compensation expense	161		161
Stock options exercised	$ 216	$ 340	(124)
Stock options exercised (in shares)	33,397	33,397
Cash dividends declared on common stock	$ (800)			(800)
Balance at end of period at Mar. 31, 2019	$ 217,211	$ 171,407	$ 3,336	$ 43,288	$ (820)
Ending balance (in shares) at Mar. 31, 2019	16,011,151	16,011,151

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash flows from operating activities
Net income	$ 6,564	$ 6,264
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of premises and equipment	373	291
Net amortization of premiums (discounts) on securities	188	206
Net accretion of deferred loan costs (fees)	(78)	(130)
Amortization of servicing assets	516	593
Provision (reversal) for loan losses	(85)	95
Deferred tax expense (benefit)	(219)	28
Stock-based compensation	161	182
Gain on sale of loans	(1,120)	(2,116)
Originations of loans held-for-sale	(21,451)	(32,031)
Proceeds from sales of and principal collected on loans held-for-sale	24,722	33,795
Change in accrued interest receivable and other assets	1,026	1,499
Change in accrued interest payable and other liabilities	296	1,287
Net cash provided by operating activities	10,893	9,963
Cash flows from investing activities
Purchase of securities available-for-sale	(1,967)	(4,084)
Proceeds from maturities, calls, and paydowns of securities available-for-sale	5,634	6,204
Purchase of securities held-to-maturity	(2,150)	0
Proceeds from maturities and paydowns of securities held-to-maturity	554	222
Proceeds from sale of loans	303	1,128
Net change in loans receivable	(5,330)	(35,262)
Proceeds from sale of other real estate owned	0	102
Purchases of premises and equipment	(44)	(641)
Net cash used in investing activities	(3,000)	(32,331)
Cash flows from financing activities
Net increase in deposits	4,005	130,635
Stock options exercised	216	30
Cash dividends paid on common stock	(800)	(402)
Net cash provided by financing activities	3,421	130,263
Net increase in cash and cash equivalents	11,314	107,895
Cash and cash equivalents at beginning of year	162,273	73,658
Cash and cash equivalents at end of year	173,587	181,553
Supplemental disclosures of cash flow information:
Interest paid	7,412	2,976
Income taxes paid	7	4
Supplemental disclosures of non-cash investment activities:
Loans transferred to loans held-for-sale	303	1,084
Loans transferred to other real estate owned	50	0
Right of use assets obtained in exchange for lease obligations	$ 65	$ 0

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies	3 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Significant Accounting Policies	Basis of Presentation and Significant Accounting Policies Nature of Operations Pacific City Financial Corporation (collectively, with its consolidated subsidiary, the “Company,” “we,” “us” or “our”) is a bank holding company whose subsidiary is Pacific City Bank (the “Bank”). The Bank is a single operating segment that operates 11 full-service branches in Los Angeles and Orange counties, California, one full-service branch in each of Fort Lee, New Jersey and Bayside, New York, and 10 loan production offices (“LPOs”) in Irvine, Artesia and Los Angeles, California; Annandale, Virginia; Chicago, Illinois; Atlanta, Georgia; Bellevue, Washington; Aurora, Colorado; Carrollton, Texas; and New York, New York. The Bank offers a broad range of loans, deposits, and other products and services predominantly to small and middle market businesses and individuals. Basis of Presentation The accompanying unaudited interim consolidated financial statements have been prepared pursuant to Article 10 of SEC Regulation S-X and other SEC rules and regulations for reporting on the Quarterly Report on Form 10-Q. Accordingly, certain disclosures required by U.S. generally accepted accounting principles (“GAAP”) are not included herein. These interim statements should be read in conjunction with the audited consolidated financial statements and notes included in the Annual Report on Form 10-K for the year ended December 31, 2018 filed by the Company with the SEC. The December 31, 2018 balance sheet presented herein has been derived from the audited financial statements included in the Annual Report on Form 10-K for the year ended December 31, 2018 filed with the SEC, but does not include all of the disclosures required by GAAP for complete financial statements. In the opinion of management of the Company, the accompanying unaudited interim consolidated financial statements reflect all of the adjustments (consisting of normal recurring adjustments) necessary for a fair presentation of the consolidated financial condition and consolidated results of operations as of the dates and for the periods presented. Certain reclassifications have been made in the prior period financial statements to conform to the current period presentation. The results of operations for the three months ended March 31, 2019 are not necessarily indicative of the results that may be expected for the year ending December 31, 2019. Principles of Consolidation The consolidated financial statements include the accounts of Pacific City Financial Corporation and its wholly owned subsidiary as of March 31, 2019 and December 31, 2018 and for the three months ended March 31, 2019 and 2018 . Significant inter-company accounts and transactions have been eliminated in consolidation. Unless the context requires otherwise, all references to the Company include its wholly owned subsidiary. Significant Accounting Policies The accounting and reporting policies of the Company are based upon GAAP and conform to predominant practices within the banking industry. The Company has not made any significant changes in its critical accounting policies from those disclosed in its Annual Report on Form 10-K for the year ended December 31, 2018 filed with the SEC. Refer to Adopted Accounting Pronouncements below for discussion of accounting pronouncements adopted during the three months ended March 31, 2019 . Use of Estimates in the Preparation of Financial Statements The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. These estimates are subject to change and such change could have a material effect on the consolidated financial statements. Actual results may differ from those estimates. Adopted Accounting Pronouncements During the three months ended March 31, 2019 , the following accounting pronouncements applicable to the Company were adopted: In February 2016, the FASB issued Accounting Standard Update (“ASU”) 2016-02, “Leases (Topic 842).” In July 2018, the FASB issued ASU 2018-10, “Codification Improvements to Topic 842, Leases,” and ASU 2018-11, “Leases Topic 842, Targeted Improvements,” to provide additional clarification, implantation, and transition guidance on certain aspects of ASU 2016-02. The amendments in ASU 2016-02 require lessees to recognize lease assets and lease liabilities for both leases classified as operating leases and finance leases, except leases with a term of 12 months or less where lessees are permitted to make an accounting policy election by class of underlying asset not to recognize lease assets and lease liabilities. For leases with a term of greater than 12 months, lessees are required to recognize a liability to make lease payments and a right-of-use assets representing its right to use the underlying asset for the lease term measured at the present value of the lease payments. ASU 2016-02 and ASU 2018-10 are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years for a public business entity. Under ASU 2018-11, an additional transition option was provided that would allow entities to not apply the new guidance in the comparative periods they present in their financial statements in the year of adoption. Under this optional transition method, entities will be allowed to continue using and presenting leases under Accounting Standard Codification (“ASC 840”) for prior years comparative periods and then prospectively adopt ASC 842 on January 1, 2019, recognizing a cumulative-effect adjustment to the opening balance of retained earnings. The Company adopted this guidance in the first quarter of 2019 using the optional transition method with a cumulative effect adjustment to retained earnings without restating prior period financial statements for comparable amounts. The Company elected the package of practical expedients permitted under the transition guidance within this ASU, which allowed the Company to carry forward the historical lease classification. The Company completed its review of its existing lease contracts and service contracts that may include embedded leases, and updated processes and internal controls for leasing activities. The Company recognized right-of-use lease assets and liabilities of $9.6 million and $10.6 million , respectively, with a cumulative effect adjustment of $53 thousand to retained earnings at the date of adoption. Adoption of this ASU did not have a material impact on the Company’s consolidated financial statements other than the recognition of right-of-use lease assets and liabilities. See Note 6 for additional information. In March 2017, the FASB issued ASU 2017-08, “Receivables - Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities.” The amendments in this ASU shorten the amortization period for certain callable debt securities acquired at a premium. Specifically, the amendments require the premium to be amortized to the earliest call date. The amendments do not require an accounting change for securities held at a discount, which continue to be amortized to maturity. Public business entities must prospectively apply the amendments in this ASU to annual periods beginning after December 15, 2018, including interim periods. Adoption of this ASU did not have a material impact on the Company’s consolidated financial statements. Recent Accounting Pronouncements Not Yet Adopted The following are recently issued accounting pronouncements applicable to the Company that have not yet been adopted: In June 2016, the FASB issued ASU 2016-13, “Financial Instruments-Credit Losses (Topic 326).” The amendments in this ASU require that entities change the impairment model for most financial assets that are measured at amortized cost and certain other instruments from an incurred loss model to an expected loss model. Under this model, entities will estimate credit losses over the entire contractual term of the instrument from the date of initial recognition of that instrument. It includes financial assets such as loan receivables, held-to-maturity debt securities, net investment in leases that are not accounted for at fair value through net income, and certain off-balance sheet credit exposures. This ASU is effective for public business entities that are SEC filers for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The Company has formed a committee, developed an implementation plan, and engaged a software vendor to assist the Company to build a model. The Company is in the process of completing a readiness assessment and is engaged in the implementation phase of the project. The Company is working on: (i) developing a new expected loss model with supportable assumptions; (ii) identifying data, reporting, and disclosure gaps; (iii) assessing updates to accounting and credit risk policies; and (iv) documenting new processes and controls. Based on the Company’s initial assessment of this ASU, the Company expects to recognize a one-time cumulative effect adjustment to the allowance for loan losses which could potentially have a material impact on its consolidated financial statements as of the beginning of the first reporting period in which this ASU is effective.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements ASC 820, Fair Value Measurements and Disclosures, defines fair value, establishes a framework for measuring fair value including a three-level valuation hierarchy, and expands disclosures about fair value measurements. Fair value is the exchange price that would be received for an asset or paid to transfer a liability (i.e. an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The three-level fair value hierarchy requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The three levels of inputs that may be used to measure fair value are defined as follows: • Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. • Level 2: Significant observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. • Level 3: Significant unobservable inputs that reflect a reporting entity’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. Fair value is measured on a recurring basis for certain assets and liabilities in which fair value is the primary basis of accounting. Additionally, fair value is used on a non-recurring basis to evaluate certain assets or liabilities for impairment or for disclosure purposes. Categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The Company records securities available-for-sale at fair value on a recurring basis. Certain other assets, such as loans held-for-sale, impaired loans, servicing assets and other real estate owned (“OREO”) are recorded at fair value on a non-recurring basis. Non-recurring fair value measurements typically involve assets that are periodically evaluated for impairment and for which any impairment is recorded in the period in which the re-measurement is performed. The following is a description of valuation methodologies used for assets and liabilities recorded at fair value: Investment securities : The fair values of securities available-for-sale are determined by obtaining quoted prices on nationally recognized securities exchanges (Level 1) or matrix pricing, which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted prices for specific securities but rather by relying on the securities’ relationship to other benchmark quoted securities (Level 2). Management reviews the valuation techniques and assumptions used by the provider and determines that the provider uses widely accepted valuation techniques based on observable market inputs appropriate for the type of security being measured. Securities held-to-maturity are not measured at fair value on a recurring basis. Loans held-for-sale : The Company records SBA loans held-for-sale, residential property loans held-for-sale and certain non-residential real estate loans held-for-sale at the lower of cost or fair value, on an aggregate basis. The Company obtains fair values from a third party independent valuation service provider. Loans held-for-sale accounted for at the lower of cost or fair value are considered to be recognized at fair value when they are recorded at below cost, on an aggregate basis, and are classified as Level 2. Impaired loans : The Company records fair value adjustments on certain loans that reflect (i) partial write-downs, through charge-offs or specific reserve allowances, that are based on the current appraised or market-quoted value of the underlying collateral or (ii) the full charge-off of the loan carrying value. In some cases, the properties for which market quotes or appraised values have been obtained are located in areas where comparable sales data is limited, outdated, or unavailable. Fair value estimates for collateral-dependent impaired loans are obtained from real estate brokers or other third-party consultants, and are classified as Level 3. Other real estate owned : The Company initially records OREO at fair value at the time of foreclosure. Thereafter, OREO is recorded at the lower of cost or fair value based on their subsequent changes in fair value. The fair value of OREO is generally based on recent real estate appraisals adjusted for estimated selling costs. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the appraisers to adjust for differences between the comparable sales and income data available. Such adjustments may be significant and result in a Level 3 classification due to the unobservable inputs used for determining fair value. Only OREO with a valuation allowance are considered to be carried at fair value. Servicing Assets: Servicing assets represent the value associated with servicing loans that have been sold. The fair value for servicing assets is determined through discounted cash flow analysis and utilizes discount rates and prepayment speed assumptions as inputs. All of these assumptions require a significant degree of management estimation and judgment. The fair market valuation is performed on a quarterly basis for servicing assets. Servicing assets are accounted for at the lower of cost or market value and considered to be recognized at fair value when they are recorded at below cost and are classified as Level 3. Assets and Liabilities Measured at Fair Value on a Recurring Basis The following table presents the Company’s assets and liabilities measured at fair value on a recurring basis as of dates indicated: Fair Value Measurement Level ($ in thousands) Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total March 31, 2019 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ — $ 67,637 $ — $ 67,637 Residential collateralized mortgage obligations — 54,100 — 54,100 SBA loan pool securities — 21,824 — 21,824 Municipal bonds — 792 — 792 Total securities available-for-sale — 144,353 — 144,353 Total assets measured at fair value on a recurring basis $ — $ 144,353 $ — $ 144,353 Total liabilities measured at fair value on a recurring basis $ — $ — $ — $ — December 31, 2018 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ — $ 67,921 $ — $ 67,921 Residential collateralized mortgage obligations — 55,649 — 55,649 SBA loan pool securities — 22,632 — 22,632 Municipal bonds — 789 — 789 Total securities available-for-sale — 146,991 — 146,991 Total assets measured at fair value on a recurring basis $ — $ 146,991 $ — $ 146,991 Total liabilities measured at fair value on a recurring basis $ — $ — $ — $ — Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis The following table presents the Company’s assets and liabilities measured at fair value on a non-recurring basis as of dates indicated: Fair Value Measurement Level ($ in thousands) Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total March 31, 2019 Impaired loans: SBA property $ — $ — $ 220 $ 220 Total impaired loans — — 220 220 Total assets measured at fair value on a non-recurring basis $ — $ — $ 220 $ 220 Total liabilities measured at fair value on a non-recurring basis $ — $ — $ — $ — December 31, 2018 Impaired loans: SBA property $ — $ — $ 51 $ 51 Total impaired loans — — 51 51 Total assets measured at fair value on a non-recurring basis $ — $ — $ 51 $ 51 Total liabilities measured at fair value on a non-recurring basis $ — $ — $ — $ — For assets measured at fair value, the following table presents the total net losses, which include charge-offs, recoveries, specific reserves, impairment on servicing assets, gain (loss) on sale of OREO, and OREO valuation write-downs recorded for the periods indicated: Three Months Ended March 31, ($ in thousands) 2019 2018 Collateral dependent impaired loans: SBA property $ (2 ) $ (126 ) Other real estate owned — 3 Net losses recognized $ (2 ) $ (123 ) Fair Value of Financial Instruments The fair value of a financial instrument is the amount at which the asset or obligation could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale. Fair value estimates are made at a specific point in time based on relevant market information and information about the financial instrument. These estimates do not reflect any premium or discount that could result from offering for sale at one time the entire holdings of a particular financial instrument. Because no market value exists for a significant portion of the financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments, and other factors. These estimates are subjective in nature, involve uncertainties and matters of judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates. Fair value estimates are based on financial instruments both on and off the consolidated balance sheet without attempting to estimate the value of anticipated future business and the value of assets and liabilities that are not considered financial instruments. Additionally, tax consequences related to the realization of the unrealized gains and losses can have a potential effect on fair value estimates and have not been considered in many of the estimates. The following methods and assumptions were used to estimate the fair value of significant financial instruments. Financial assets : The carrying amounts of interest-bearing deposits with other financial institutions and accrued interest receivable are considered to approximate fair value. The fair values of investment securities are generally based on matrix pricing (Level 2). The fair value of loans is estimated based on a discounted cash flow approach under an exit price notion. The fair value reflects the estimated yield that would be negotiated with a willing market participant. Because sale transactions of such loans are not readily observable, as many of the loans have unique risk characteristics, the valuation is based on significant unobservable inputs (Level 3). It is not practical to determine the fair value of Federal Home Loan Bank (“FHLB”) and other restricted stock due to restrictions placed on its transferability. Financial liabilities : The carrying amounts of accrued interest payable are considered to approximate fair value. The fair value of deposits is estimated based on discounted cash flows. The discount rate is derived from the interest rates currently being offered for similar remaining maturities. Non-maturity deposits are estimated based on their historical decaying experiences (Level 3). The fair value of FHLB advances is estimated based on discounted cash flows. The discount rate is derived from the current market rates for borrowings with similar remaining maturities (Level 2). Off-balance-sheet financial instruments : The fair value of commitments to extend credit and standby letters of credit is estimated using the fees currently charged to enter into similar agreements. The fair value of these financial instruments is not material and is excluded from the table below. The following table presents the carrying value and estimated fair values of financial assets and liabilities as of the dates indicated: Carrying Value Fair Value Fair Value Measurements ($ in thousands) Level 1 Level 2 Level 3 March 31, 2019 Financial assets: Interest-bearing deposits in other financial institutions $ 151,481 $ 151,481 $ 151,481 $ — $ — Securities available-for-sale 144,353 144,353 — 144,353 — Securities held-to-maturity 23,311 23,110 — 23,110 — Loans held-for-sale 3,915 4,268 — 4,268 — Net loans held-for-investment 1,330,035 1,342,586 — — 1,342,586 FHLB and other restricted stock 7,433 N/A N/A N/A N/A Accrued interest receivable 5,363 5,363 40 519 4,804 Financial liabilities: Deposits $ 1,447,758 $ 1,438,181 $ — $ — $ 1,438,181 FHLB advances 30,000 29,820 — 29,820 — Accrued interest payable 4,610 4,610 — 48 4,562 December 31, 2018 Financial assets: Interest-bearing deposits in other financial institutions $ 138,152 $ 138,152 $ 138,152 $ — $ — Securities available-for-sale 146,991 146,991 — 146,991 — Securities held-to-maturity 21,760 21,152 — 21,152 — Loans held-for-sale 5,781 6,175 — 6,175 — Net loans held-for-investment 1,325,515 1,337,299 — — 1,337,299 FHLB and other restricted stock 7,433 N/A N/A N/A N/A Accrued interest receivable 5,178 5,178 112 568 4,498 Financial liabilities: Deposits $ 1,443,753 $ 1,425,023 $ — $ — $ 1,425,023 FHLB advances 30,000 29,641 — 29,641 — Accrued interest payable 6,223 6,223 — 1 6,222

Investment Securities

Investment Securities	3 Months Ended
	Mar. 31, 2019
Investments, Debt and Equity Securities [Abstract]
Investment Securities	Investment Securities Debt securities have been classified as available-for-sale or held-to-maturity in the consolidated balance sheets according to management’s intent. The following table presents the amortized cost and fair value of the investment securities as of the dates indicated: ($ in thousands) Amortized Cost Gross Unrealized Gain Gross Unrealized Loss Fair Value March 31, 2019 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ 67,912 $ 438 $ (713 ) $ 67,637 Residential collateralized mortgage obligations 54,825 78 (803 ) 54,100 SBA loan pool securities 22,202 — (378 ) 21,824 Municipal bonds 779 13 — 792 Total securities available-for-sale $ 145,718 $ 529 $ (1,894 ) $ 144,353 Securities held-to-maturity: U.S. government agency and U.S. government sponsored enterprise residential mortgage-backed securities $ 18,218 $ — $ (353 ) $ 17,865 Municipal bonds 5,093 153 (1 ) 5,245 Total securities held-to-maturity $ 23,311 $ 153 $ (354 ) $ 23,110 December 31, 2018 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ 68,975 $ 177 $ (1,231 ) $ 67,921 Residential collateralized mortgage obligations 56,625 55 (1,031 ) 55,649 SBA loan pool securities 23,144 — (512 ) 22,632 Municipal bonds 784 5 — 789 Total securities available-for-sale $ 149,528 $ 237 $ (2,774 ) $ 146,991 Securities held-to-maturity: U.S. government agency and U.S. government sponsored enterprise residential mortgage-backed securities $ 16,659 $ — $ (602 ) $ 16,057 Municipal bonds 5,101 37 (43 ) 5,095 Total securities held-to-maturity $ 21,760 $ 37 $ (645 ) $ 21,152 As of March 31, 2019 and December 31, 2018 , pledged securities were $134.4 million and $112.2 million , respectively. These securities were pledged for the State Deposit from the California State Treasurer. The following table presents the amortized cost and fair value of the investment securities by contractual maturity as of March 31, 2019 . Expected maturities may differ from contractual maturities, if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately. Securities Available-For-Sale Securities Held-To-Maturity ($ in thousands) Amortized Cost Fair Value Amortized Cost Fair Value Within one year $ — $ — $ 132 $ 132 One to five years — — 1,429 1,457 Five to ten years 779 792 1,212 1,236 Greater than ten years — — 2,320 2,420 Residential mortgage-backed securities, residential collateralized mortgage obligations and SBA loan pool securities 144,939 143,561 18,218 17,865 Total $ 145,718 $ 144,353 $ 23,311 $ 23,110 The following table presents proceeds from sales and calls of securities available-for-sale and the associated gross gains and losses realized through earnings upon the sales and calls of securities available-for-sale for the periods indicated: Three Months Ended March 31, ($ in thousands) 2019 2018 Gross realized gains on sales and calls of securities available-for-sale $ — $ — Gross realized losses on sales and calls of securities available-for-sale — — Net realized gains (losses) on sales and calls of securities available-for-sale $ — $ — Proceeds from sales and calls of securities available-for-sale $ — $ 1,060 Tax expense on sales and calls of securities available-for-sale $ — $ — The following table summarizes the investment securities with unrealized losses by security type and length of time in a continuous unrealized loss position as of the dates indicated: Length of Time that Individual Securities Have Been In a Continuous Unrealized Loss Position Less Than 12 Months 12 Months or Longer Total ($ in thousands) Fair Value Gross Unrealized Losses Number of Securities Fair Value Gross Unrealized Losses Number of Securities Fair Value Gross Unrealized Losses Number of Securities March 31, 2019 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ — $ — — $ 38,935 $ (713 ) 45 $ 38,935 $ (713 ) 45 Residential collateralized mortgage obligations 11,604 (81 ) 7 36,076 (722 ) 35 47,680 (803 ) 42 SBA loan pool securities 1,860 (7 ) 1 19,964 (371 ) 19 21,824 (378 ) 20 Municipal bonds — — — — — — — — — Total securities available-for-sale $ 13,464 $ (88 ) 8 $ 94,975 $ (1,806 ) 99 $ 108,439 $ (1,894 ) 107 Securities held-to-maturity: U.S. government agency and U.S. government sponsored enterprise residential mortgage-backed securities $ 4,170 $ (9 ) 2 $ 13,695 $ (344 ) 15 $ 17,865 $ (353 ) 17 Municipal bonds — — — 236 (1 ) 2 236 (1 ) 2 Total securities held-to-maturity $ 4,170 $ (9 ) 2 $ 13,931 $ (345 ) 17 $ 18,101 $ (354 ) 19 December 31, 2018 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ 1,868 $ (6 ) 2 $ 41,845 $ (1,225 ) 48 $ 43,713 $ (1,231 ) 50 Residential collateralized mortgage obligations 7,067 (29 ) 5 34,943 (1,002 ) 34 42,010 (1,031 ) 39 SBA loan pool securities 2,809 (7 ) 2 19,823 (505 ) 18 22,632 (512 ) 20 Municipal bonds — — — — — — — — — Total securities available-for-sale $ 11,744 $ (42 ) 9 $ 96,611 $ (2,732 ) 100 $ 108,355 $ (2,774 ) 109 Securities held-to-maturity: U.S. government agency and U.S. government sponsored enterprise residential mortgage-backed securities $ 2,022 $ (23 ) 1 $ 14,035 $ (579 ) 15 $ 16,057 $ (602 ) 16 Municipal bonds 2,600 (38 ) 8 497 (5 ) 3 3,097 (43 ) 11 Total securities held-to-maturity $ 4,622 $ (61 ) 9 $ 14,532 $ (584 ) 18 $ 19,154 $ (645 ) 27 The Company performs an other-than-temporary impairment (“OTTI”) assessment at least on a quarterly basis. OTTI is recognized when fair value is below the amortized cost where: (i) an entity has the intent to sell the security; (ii) it is more likely than not that an entity will be required to sell the security before recovery of its amortized cost basis; or (iii) an entity does not expect to recover the entire amortized cost basis of the security. All individual securities in a continuous unrealized loss position for 12 months or more as of March 31, 2019 and December 31, 2018 had an investment grade rating upon purchase. The issuers of these securities have not established any cause for default on these securities and various rating agencies have reaffirmed their long-term investment grade status as of March 31, 2019 and December 31, 2018 . These securities have fluctuated in value since their purchase dates as market interest rates fluctuated. The Company does not intend to sell these securities and it is more likely than not that the Company will not be required to sell before the recovery of its amortized cost basis. In addition, the unrealized losses on municipal bonds are not considered other-than-temporary impaired, as the bonds are rated investment grade and there are no credit quality concerns with the issuers. Interest payments have been made as scheduled, and management believes this will continue in the future until the bonds get paid in full. The Company determined that the investment securities with unrealized losses for twelve months or more are not other-than-temporary impaired, and, therefore, no impairment was recognized during the three months ended March 31, 2019 and 2018 .

Loans and Allowance for Loan Lo

Loans and Allowance for Loan Losses	3 Months Ended
	Mar. 31, 2019
Receivables [Abstract]
Loans and Allowance for Loan Losses	Loans and Allowance for Loan Losses Loans Held-For-Investment The following table presents, by recorded investment, the composition of the Company’s loans held-for-investment (net of deferred fees and costs) as of the dates indicated: ($ in thousands) March 31, 2019 December 31, 2018 Real estate loans: Commercial property $ 715,488 $ 709,409 Residential property 237,115 233,816 SBA property 124,751 120,939 Construction 19,983 27,323 Total real estate loans 1,097,337 1,091,487 Commercial and industrial loans: Commercial term 103,866 102,133 Commercial lines of credit 77,022 80,473 SBA commercial term 26,347 27,147 Trade finance 14,046 11,521 Total commercial and industrial loans 221,281 221,274 Other consumer loans 24,554 25,921 Loans held-for-investment 1,343,172 1,338,682 Allowance for loan losses (13,137 ) (13,167 ) Net loans held-for-investment $ 1,330,035 $ 1,325,515 In the ordinary course of business, the Company may grant loans to certain officers and directors, and the companies with which they are associated. As of March 31, 2019 and December 31, 2018 , the Company had $3.8 million and $2.4 million , respectively, of such loans outstanding. Allowance for Loan Losses The following table presents the activities in allowance for loan losses by portfolio segment, which is consistent with the Company’s methodology for determining allowance for loan losses, for the three months ended March 31, 2019 and 2018 : Three Months Ended ($ in thousands) Real Estate Commercial and Industrial Other Consumer Total Balance at January 1, 2019 $ 9,104 $ 3,877 $ 186 $ 13,167 Charge-offs (2 ) — (44 ) (46 ) Recoveries on loans previously charged off 4 41 56 101 Provision (reversal) for loan losses 218 (310 ) 7 (85 ) Balance at March 31, 2019 $ 9,324 $ 3,608 $ 205 $ 13,137 Balance at January 1, 2018 $ 8,507 $ 3,548 $ 169 $ 12,224 Charge-offs (125 ) — (14 ) (139 ) Recoveries on loans previously charged off 2 180 9 191 Provision (reversal) for loan losses 692 (628 ) 31 95 Balance at March 31, 2018 $ 9,076 $ 3,100 $ 195 $ 12,371 The following tables present the information on allowance for loan losses and recorded investments by portfolio segment and impairment methodology as of the dates indicated: ($ in thousands) Real Estate Commercial and Industrial Other Consumer Total March 31, 2019 Allowance for loan losses: Individually evaluated for impairment $ 1 $ 89 $ — $ 90 Collectively evaluated for impairment 9,323 3,519 205 13,047 Total $ 9,324 $ 3,608 $ 205 $ 13,137 Loans receivable: Individually evaluated for impairment $ 1,321 $ 288 $ — $ 1,609 Collectively evaluated for impairment 1,096,016 220,993 24,554 1,341,563 Total $ 1,097,337 $ 221,281 $ 24,554 $ 1,343,172 December 31, 2018 Allowance for loan losses: Individually evaluated for impairment $ 1 $ 93 $ — $ 94 Collectively evaluated for impairment 9,103 3,784 186 13,073 Total $ 9,104 $ 3,877 $ 186 $ 13,167 Loans receivable: Individually evaluated for impairment $ 1,156 $ 320 $ — $ 1,476 Collectively evaluated for impairment 1,090,331 220,954 25,921 1,337,206 Total $ 1,091,487 $ 221,274 $ 25,921 $ 1,338,682 Credit Quality Indicators The Company classifies loans into risk categories based on relevant information about the ability of borrowers to service their debt, such as current financial information, historical payment experience, collateral adequacy, credit documentation, and current economic trends, among other factors. The Company analyzes loans individually by classifying the loans in regards to credit risk. This analysis typically includes non-homogeneous loans, such as commercial property and commercial and industrial loans, and is performed on an ongoing basis as new information is obtained. The Company uses the following definitions for risk ratings: Pass - Loans classified as pass include non-homogeneous loans not meeting the risk ratings defined below and smaller, homogeneous loans not assessed on an individual basis. Special Mention - Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in the deterioration of repayment prospects for the loan or of the institution’s credit position at some future date. Substandard - Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans classified as substandard have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Doubtful - Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or repayment in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. The following table presents the risk categories for the recoded investment in loans by portfolio segment as of dates indicated: ($ in thousands) Pass Special Mention Substandard Doubtful Total March 31, 2019 Real estate loans: Commercial property $ 714,828 $ — $ 660 $ — $ 715,488 Residential property 237,115 — — — 237,115 SBA property 118,889 74 5,788 — 124,751 Construction 16,833 3,150 — — 19,983 Commercial and industrial loans: Commercial term 103,846 — 20 — 103,866 Commercial lines of credit 76,422 600 — — 77,022 SBA commercial term 25,840 — 507 — 26,347 Trade finance 14,046 — — — 14,046 Other consumer loans 24,480 — 74 — 24,554 Total $ 1,332,299 $ 3,824 $ 7,049 $ — $ 1,343,172 December 31, 2018 Real estate loans: Commercial property $ 708,742 $ — $ 667 $ — $ 709,409 Residential property 233,514 — 302 — 233,816 SBA property 115,543 74 5,322 — 120,939 Construction 24,325 2,998 — — 27,323 Commercial and industrial loans: Commercial term 102,106 — 27 — 102,133 Commercial lines of credit 79,874 599 — — 80,473 SBA commercial term 26,616 — 531 — 27,147 Trade finance 11,521 — — — 11,521 Other consumer loans 25,905 — 16 — 25,921 Total $ 1,328,146 $ 3,671 $ 6,865 $ — $ 1,338,682 Past Due and Nonaccrual Loans The following table presents the aging of past due recorded investment in accruing loans and nonaccrual loans by portfolio segment as of dates indicated: Still Accruing ($ in thousands) 30 to 59 Days Past Due 60 to 89 Days Past Due 90 or More Days Past Due Nonaccrual Total Past Due and Nonaccrual March 31, 2019 Real estate loans: Residential property $ 94 $ — $ — $ — $ 94 SBA property 711 — — 1,011 1,722 Commercial and industrial loans: SBA commercial term 54 — — 186 240 Other consumer loans 91 12 — 74 177 Total $ 950 $ 12 $ — $ 1,271 $ 2,233 December 31, 2018 Real estate loans: Residential property $ 95 $ — $ — $ 302 $ 397 SBA property 183 — — 540 723 Commercial and industrial loans: SBA commercial term — — — 203 203 Other consumer loans 90 9 — 16 115 Total $ 368 $ 9 $ — $ 1,061 $ 1,438 There were no nonaccrual loans guaranteed by a U.S. government agency at March 31, 2019 and December 31, 2018 . Impaired Loans Loans are considered impaired in the following cases: (i) the loan is on nonaccrual, (ii) when principal or interest payments on the loan have been contractually past due for 90 days or more, unless the loan is both well-collateralized and in the process of collection, (iii) the loan is classified as a troubled debt restructuring (“TDR”) where terms not typically granted by the Company were offered to the borrower, (iv) when current information or events make it unlikely to collect the loan balance in full according to the contractual terms of the loan agreement, (v) there is a deterioration in the borrower’s financial condition that raises uncertainty as to timely collection of either principal or interest, or (vi) full payment of both principal and interest of the loan according to the original contractual terms is in doubt. The following table presents loans individually evaluated for impairment by portfolio segment as of the dates indicated. The recorded investment presents customer balances net of any partial charge-offs recognized on the loans and net of any deferred fees and costs. With No Allowance Recorded With an Allowance Recorded ($ in thousands) Recorded Investment Unpaid Principal Balance Recorded Investment Unpaid Principal Balance Related Allowance March 31, 2019 Real estate loans: SBA property $ 1,100 $ 1,188 $ 221 $ 220 $ 1 Commercial and industrial loans: Commercial term 57 57 — — — SBA commercial term 62 82 169 178 89 Total $ 1,219 $ 1,327 $ 390 $ 398 $ 90 December 31, 2018 Real estate loans: Residential property $ 302 $ 303 $ — $ — $ — SBA property 802 854 52 50 1 Commercial and industrial loans: Commercial term 68 69 — — — SBA commercial term 73 99 179 189 93 Total $ 1,245 $ 1,325 $ 231 $ 239 $ 94 The following table presents information on the recorded investment in impaired loans by portfolio segment for the three months ended March 31, 2019 and 2018 : Three Months Ended March 31, 2019 2018 ($ in thousands) Average Recorded Investment Interest Income Average Recorded Investment Interest Income Real estate loans: Commercial property $ — $ — $ 314 $ — Residential property 151 — 730 — SBA property 1,347 6 1,187 5 Commercial and industrial loans: Commercial term 62 1 188 3 Commercial lines of credit — — 6 — SBA commercial term 242 1 450 6 Total $ 1,802 $ 8 $ 2,875 $ 14 The following presents a summary of interest foregone on impaired loans for the periods indicated: Three Months Ended March 31, ($ in thousands) 2019 2018 Interest income that would have been recognized had impaired loans performed in accordance with their original terms $ 32 $ 82 Less: interest income recognized on impaired loans on a cash basis (8 ) (47 ) Interest income foregone on impaired loans $ 24 $ 35 Troubled Debt Restructurings A TDR is a restructuring in which the Company, for economic or legal reasons related to a borrower’s financial difficulties, grants a concession to the borrower that it would not otherwise consider. The restructuring of a loan includes, but is not limited to: (i) the transfer from the borrower to the Company of real estate, receivables from third parties, other assets, or an equity interest in full or partial satisfaction of the loan, (ii) a modification of the loan terms, such as a reduction of the stated interest rate, principal, or accrued interest or an extension of the maturity date at a stated interest rate lower than the current market rate for new debt with similar risk, or (iii) a combination of the above. A loan extended or renewed at a stated interest rate equal to the current interest rate for new debt with similar risk is not to be reported as a restructured loan. The following table presents the composition of loans that were modified as TDRs by portfolio segment as of the dates indicated: March 31, 2019 December 31, 2018 ($ in thousands) Accruing Nonaccrual Total Accruing Nonaccrual Total Real estate loans: SBA property $ 310 $ — $ 310 $ 315 $ — $ 315 Commercial and industrial loans: Commercial term 57 — 57 68 — 68 SBA commercial term 45 127 172 49 131 180 Total $ 412 $ 127 $ 539 $ 432 $ 131 $ 563 There were no new loans that were modified as TDRs during the three months ended March 31, 2019 and 2018 . The Company had no commitments to lend to customers with outstanding loans that were classified as TDRs as of March 31, 2019 and December 31, 2018 . The determination of the allowance for loan losses related to TDRs depends on the collectability of principal and interest, according to the modified repayment terms. Loans that were modified as TDRs were individually evaluated for impairment and the Company allocated $84 thousand and $86 thousand of allowance for loan losses as of March 31, 2019 and December 31, 2018 , respectively. There were no loans that were modified as TDRs for which there was a payment default within twelve months following the modification during the three months ended March 31, 2019 and 2018 . Purchases, Sales, and Transfers The Company transferred a residential property loan of $303 thousand to loans held-for-sale during the three months ended March 31, 2019 . During the three months ended March 31, 2018 , the Company transferred a commercial property loan of $1.1 million to loans held-for-sale. The Company had no sales or purchases of loans held-for-investment during the three months ended March 31, 2019 and 2018 . Loans Held-For-Sale The following table presents a composition of loans held-for-sale as of the dates indicated: ($ in thousands) March 31, 2019 December 31, 2018 Real estate loans: SBA property $ 3,680 $ 5,481 Commercial and industrial loans: SBA commercial term 235 300 Total $ 3,915 $ 5,781 Loans held-for-sale are carried at the lower of cost or fair value. When a determination is made at the time of commitment to originate as held-for-investment, it is the Company’s intent to hold these loans to maturity or for the “foreseeable future,” subject to periodic reviews under the Company’s management evaluation processes, including asset/liability management and credit risk management. When the Company subsequently changes its intent to hold certain loans, the loans are transferred to held-for-sale at the lower of cost or fair value. Certain loans are transferred to held-for-sale with write-downs to allowance for loan losses.

Servicing Assets

Servicing Assets	3 Months Ended
	Mar. 31, 2019
Transfers and Servicing [Abstract]
Servicing Assets	Servicing Assets At March 31, 2019 and December 31, 2018 , total servicing assets were $7.5 million and $7.7 million , respectively. The Company sold loans of $21.2 million and $29.9 million , respectively, with the servicing rights retained and recognized a net gain on sale of $1.1 million and $2.0 million , respectively, during the three months ended March 31, 2019 and 2018 . Loan servicing income was $631 thousand and $626 thousand , respectively, for the three months ended March 31, 2019 and 2018 . All classes of servicing assets are measured using the amortization method and evaluated for impairment quarterly by comparing the fair value of the servicing right to the carrying amount. Fair value is estimated by stratifying the loans sold between mortgage and non-mortgage loans and discounting estimated future cash flows from the servicing assets using discount rates that approximate current market rates over the expected lives of the loans being serviced. For the purposes of measuring impairment, the Company has identified each servicing asset with the underlying loan being serviced, and a valuation allowance is recorded when the fair value is below the carrying amount. The following table presents the composition of servicing assets with key assumptions used to estimate the fair value: March 31, 2019 December 31, 2018 ($ in thousands) Residential Property SBA Property SBA Commercial Term Residential Property SBA Property SBA Commercial Term Carrying amount $ 221 $ 6,277 $ 987 $ 244 $ 6,349 $ 1,073 Fair value $ 264 $ 7,114 $ 1,146 $ 298 $ 6,937 $ 1,206 Discount rate 11.25 % 13.25 % 12.75 % 11.25 % 13.25 % 12.75 % Prepayment speed 26.00 % 13.95 % 13.18 % 25.00 % 14.12 % 13.55 % Weighted average remaining life 25.0 years 21.1 years 7.3 years 25.2 years 21.1 years 7.4 years Underlying loans being serviced $ 41,783 $ 375,154 $ 88,483 $ 45,728 $ 367,856 $ 93,073 The following table presents activity in servicing assets for the three months ended March 31, 2019 and 2018 : Three Months Ended March 31, 2019 2018 ($ in thousands) Residential Property SBA Property SBA Commercial Term Residential Property SBA Property SBA Commercial Term Balance at beginning of period $ 244 $ 6,349 $ 1,073 $ 308 7,369 1,296 Additions — 284 51 — 436 74 Amortization (23 ) (356 ) (137 ) (18 ) (430 ) (145 ) Impairment — — — — — — Balance at end of period $ 221 $ 6,277 $ 987 $ 290 7,375 1,225

Operating Leases

Operating Leases	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Operating Leases	Operating Leases On January 1, 2019, the Company adopted ASU 2016-02, “Leases (Topic 842),” and all subsequent ASUs that are related to Topic 842. As discussed in Note 1, the Company adopted this ASU using the optional transition method with a cumulative effect adjustment to retained earnings without restating prior financial statements for comparable amounts. As a result, the Company recognized right-of-use assets and liabilities of $9.6 million and $10.6 million , respectively, with a cumulative effect adjustment of $53 thousand to retained earnings at the date of adoption. The Company made an election to include both the lease and non-lease components as a single component and account for it as a lease. The Company’s operating leases are for its headquarters office spaces, and retail branch and LPO locations. Most leases include one or more options to renew, with renewal terms that can extend the lease term from one to five years. The exercise of lease renewal option is at the Company’s sole discretion. Certain leases with an initial term of 12 months or less are not recorded on the balance sheet and lease expenses for these leases are recognized on a straight-line basis over the lease term. None of the Company’s lease agreements contain any material residual value guarantees or material restrictive covenants. The Company also leases certain equipment, such as copy machines and scanners, but they are determined to be immaterial. The following table presents operating lease cost and supplemental cash flow information related to leases for the periods indicated: ($ in thousands) Three Months Ended March 31, 2019 Operating lease cost (1) $ 624 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases 650 Right of use assets obtained in exchange for lease obligations 65 (1) Included in Occupancy and Equipment on the Consolidated Statements of Income. Operating lease cost for the three months ended March 31, 2018 was under Topic 840. The Company used the incremental borrowing rate based on the information available at the date of adoption in determining the present value of lease payment. The following table presents supplemental balance sheet information related to leases as of March 31, 2019 : ($ in thousands) March 31, 2019 Operating leases: Operating lease assets $ 9,132 Operating lease liabilities 10,133 Weighted-average remaining lease term 5.0 years Weighted-average discount rate 2.85 % The following table presets maturities of operating lease liabilities as of March 31, 2019 : ($ in thousands) March 31, 2019 Maturities: 2019 $ 1,871 2020 2,436 2021 2,056 2022 1,938 2023 1,624 After 2023 1,130 Total lease payment 11,055 Imputed Interest (922 ) Present value of operating lease liabilities $ 10,133

Federal Home Loan Bank Advances

Federal Home Loan Bank Advances and Other Borrowings	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Federal Home Loan Bank Advances and Other Borrowings	Federal Home Loan Bank Advances and Other Borrowings FHLB Advances The Company had $30.0 million in FHLB advances at both March 31, 2019 and December 31, 2018 , respectively. FHLB advances consisted of fixed interest rates with original maturity terms ranging from 2 to 5 years and weighted-average interest rate of 1.81% at March 31, 2019 . At December 31, 2018 , FHLB advances consisted of fixed interest rates with original maturity terms ranging from 2 to 5 years and weighted-average interest rate of 1.81% . Each borrowing is payable at its maturity date. Borrowings paid early are subject to a prepayment penalty. At March 31, 2019 and December 31, 2018 , loans pledged to secure borrowings from the FHLB were $571.1 million and $523.4 million , respectively. The Company’s investment in capital stock of the FHLB of San Francisco totaled $7.3 million at both March 31, 2019 and December 31, 2018 . The Company had additional borrowing capacity of $394.3 million and $386.0 million , respectively, from the FHLB as of March 31, 2019 and December 31, 2018 . Other Borrowing Arrangements At March 31, 2019 , the Company had $39.6 million of unused borrowing capacity from the Federal Reserve Discount Window, to which the Company pledged loans with a carrying value of $44.4 million with no outstanding borrowings. In addition, the Company may borrow up to approximately $60.0 million overnight federal funds lines on an unsecured basis with correspondent banks at March 31, 2019 .

Shareholders_ Equity

Shareholders’ Equity	3 Months Ended
	Mar. 31, 2019
Equity [Abstract]
Shareholders’ Equity	Shareholders’ Equity Common Stock On August 14, 2018, the Company issued and sold 2,385,000 shares of its common stock at an offering price of $20.00 in an underwritten public offering, for gross proceeds of approximately $47.7 million . The underwriters were granted a 30 -day option to purchase up to an additional 357,750 shares of common stock at the initial public offering price less the underwriting discount. Concurrently with the initial public offering, the Company’s common stock began trading on the Nasdaq Global Select Market under the symbol “PCB.” On September 5, 2018, the Company issued an additional 123,234 shares of its common stock upon the exercise by the underwriters of a portion of their 30 -day option, for additional gross proceeds of approximately $2.5 million . Aggregate net proceeds from the offering were $45.0 million after deducting underwriting discounts and commissions and estimated offering expenses. Cash Dividends The Company declared quarterly cash dividends on its common stock of $0.05 and $0.03 per share, respectively, for the three months ended March 31, 2019 and 2018 . Change in Accumulated Other Comprehensive Loss Components of accumulated other comprehensive loss consisted solely of the change in unrealized gains or losses on securities available-for-sale, net of taxes. Reclassifications from accumulated other comprehensive loss are recorded in the Consolidated Statements of Income either as a gain or loss. The following table presents changes to accumulated other comprehensive loss for the periods indicated: Three Months Ended March 31, ($ in thousands) 2019 2018 Unrealized loss on securities available-for-sale: Beginning balance $ (1,647 ) $ (1,223 ) Other comprehensive income (loss) Unrealized gain (loss) arising during the period 1,172 (1,445 ) Tax effect of current period changes (345 ) 420 Total other comprehensive income (loss) 827 (1,025 ) Balance at end of period $ (820 ) $ (2,248 )

Share-Based Compensation

Share-Based Compensation	3 Months Ended
	Mar. 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-Based Compensation	Share-Based Compensation On July 25, 2013, the Company adopted 2013 Equity Based Stock Compensation Plan (“2013 EBSC Plan”) approved by its shareholders to replace the 2003 Stock Option Plan. The 2013 EBSC Plan provided for options to purchase 1,114,446 shares of common stock at a price not less than 100% of the fair market value of the stock. As of March 31, 2019 , there were 586,576 shares available for future grants. Share-Based Compensation Expense The Company recognized share-based compensation expense of $161 thousand and $182 thousand , respectively, and realized income tax benefits of $11 thousand and $17 thousand , respectively, related to share-based compensation in the three months ended March 31, 2019 and 2018 . As of March 31, 2019 , the Company had unrecognized share-based compensation expense of $1.4 million related to outstanding stock options that will be recognized over a weighted average period of 2.37 years . Stock Options The Company has issued stock options to certain employees, officers and directors. Stock options are issued at the closing market price on the grant date, and generally have a three -to five -year vesting period and contractual terms of ten years. The following table represents stock option activity as of and for three months ended March 31, 2019 : Three Months Ended March 31, 2019 ($ in thousands except per share data) Number of Shares Weighted-Average Exercise Price Per Share Weighted-Average Contractual Term Aggregated Intrinsic Value Outstanding at beginning of period 898,291 $ 9.81 6.55 years $ 5,243 Granted 10,000 $ 17.47 10.00 years Exercised (33,397 ) $ 6.49 4.80 years Balance at end of period 874,894 $ 10.03 6.40 years $ 6,493 Exercisable at end of period 530,121 $ 8.60 5.69 years $ 4,693 The following table represents information regarding unvested stock options as of and for the three months ended March 31, 2019 : Three Months Ended March 31, 2019 Number of Shares Weighted-Average Exercise Price Per Share Outstanding at beginning of period 347,274 $ 12.17 Granted 10,000 $ 17.47 Vested (12,501 ) $ 14.75 Balance at end of period 344,773 $ 12.23

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income tax expense was $2.8 million and $2.7 million , respectively, and the effective tax rate was 29.9% and 29.9% , respectively, for the three months ended March 31, 2019 and 2018 . At March 31, 2019 and December 31, 2018 , the Company had no unrecognized tax benefits, or accrued interest or penalties. The Company and its subsidiaries are subject to U.S. federal income tax as well as income tax in multiple state jurisdictions. The Company is no longer subject to the assessment of U.S. federal income tax for years before 2014. The statute of limitations for the assessment of California Franchise taxes has expired for tax years before 2013 (other state income and franchise tax statutes of limitations vary by state).

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The following is a reconciliation of net income and shares outstanding to the income and number of share used to compute earnings per share for the periods indicated: Three Months Ended March 31, ($ in thousands, except per share) 2019 2018 Basic earnings per share: Net income $ 6,564 $ 6,264 Weighted-average common shares outstanding 15,999,464 13,418,259 Basic earnings per share $ 0.41 $ 0.47 Diluted earnings per share: Net income $ 6,564 $ 6,264 Weighted-average commons shares outstanding 15,999,464 13,418,259 Diluted effect of stock options 271,805 168,500 Diluted weighted-average common shares outstanding 16,271,269 13,586,759 Diluted earnings per share $ 0.40 $ 0.46 There were 15,000 stock options excluded in computing diluted earnings per share because they were anti-dilutive for three months ended March 31, 2019 . There were no stock options excluded in computing diluted earnings per share because they were anti-dilutive for three months ended March 31, 2018 .

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies In the ordinary course of business, the Company enters into financial commitments to meet the financing needs of its customers. These financial commitments include commitments to extend credit and letters of credit. Those instruments involve to varying degrees, elements of credit, and interest rate risk not recognized in the Company’s consolidated financial statements. As of March 31, 2019 and December 31, 2018 , the Company had the following outstanding financial commitments whose contractual amount represents credit risk: ($ in thousands) March 31, 2019 December 31, 2018 Commitments to extend credit $ 140,012 $ 127,443 Standby letters of credit 2,860 2,998 Commercial letters of credit 449 477 Total $ 143,321 $ 130,918 The Company’s exposure to loan loss in the event of nonperformance on commitments to extend credit and standby letters of credit is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments as it does for the loans reflected in the consolidated financial statements. The Company maintained reserve for off-balance sheet items of $136 thousand and $139 thousand , respectively, at March 31, 2019 and December 31, 2018 , in Accrued Interest Payable and Other Liabilities in the Consolidated Balance Sheets. 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. Since many of the commitments are expected to expire without being drawn upon, the total amounts do not necessarily represent future cash requirements. The Company evaluates each client’s credit worthiness on a case-by-case basis. The amount of collateral obtained if deemed necessary by the Company is based on management’s credit evaluation of the customer. As of March 31, 2019 and December 31, 2018 , the Company had operating lease commitments of $11.1 million and $11.3 million , respectively. Litigation The Company is involved in various matters of litigation, which have arisen in the ordinary course of business. In the opinion of management, the disposition of pending matters of litigation will not have a material effect on the Company’s consolidated financial statements.

Regulatory Matters

Regulatory Matters	3 Months Ended
	Mar. 31, 2019
Banking and Thrift [Abstract]
Regulatory Matters	Regulatory Matters Under the final rules implementing Basel Committee on Banking Supervision’s capital guidelines for U.S. banks (“Basel III rules”), the Bank must hold a capital conservation buffer above the adequately capitalized risk-based capital ratios. The capital conservation buffer is being phased in from 0.0% for 2015 to 2.50% by 2019. Management believes as of March 31, 2019 and December 31, 2018 , the Bank met all capital adequacy requirements to which they are subject to. Based on changes to the Federal Reserve’s definition of a “Small Bank Holding Company” that increased the threshold to $3 billion in assets in August 2018, the Company is not currently subject to separate minimum capital measurements. At such time as the Company reaches the $3 billion asset level, it will again be subject to capital measurements independent of the Bank. For comparison purposes, the Company’s ratios are included in following discussion as well, all of which would have exceeded the “well-capitalized” level had the Company been subject to separate capital minimums. The Company and the Bank’s capital conservation buffer was 9.53% and 9.42% , respectively, as of March 31, 2019 , and 9.31% and 9.21% , respectively, as of December 31, 2018 . Unrealized gain or loss on securities available-for-sale is not included in computing regulatory capital. The following table presents the regulatory capital amounts and ratios for the Company and the Bank as of dates indicated: Actual Minimum Capital Requirement To Be Well Capitalized Under Prompt Corrective Provisions ($ in thousands) Amount Ratio Amount Ratio Amount Ratio March 31, 2019 Pacific City Financial Corporation Common tier 1 capital (to risk-weighted assets) $ 217,045 16.52 % $ 59,108 4.5 % N/A N/A Total capital (to risk-weighted assets) 230,318 17.53 % 105,081 8.0 % N/A N/A Tier 1 capital (to risk-weighted assets) 217,045 16.52 % 78,811 6.0 % N/A N/A Tier 1 capital (to average assets) 217,045 12.83 % 67,670 4.0 % N/A N/A Pacific City Bank Common tier 1 capital (to risk-weighted assets) $ 215,492 16.41 % $ 59,106 4.5 % $ 85,375 6.5 % Total capital (to risk-weighted assets) 228,765 17.42 % 105,077 8.0 % 131,346 10.0 % Tier 1 capital (to risk-weighted assets) 215,492 16.41 % 78,808 6.0 % 105,077 8.0 % Tier 1 capital (to average assets) 215,492 12.74 % 67,668 4.0 % 84,585 5.0 % December 31, 2018 Pacific City Financial Corporation Common tier 1 capital (to risk-weighted assets) $ 210,871 16.28 % $ 58,273 4.5 % N/A N/A Total capital (to risk-weighted assets) 224,178 17.31 % 103,596 8.0 % N/A N/A Tier 1 capital (to risk-weighted assets) 210,871 16.28 % 77,697 6.0 % N/A N/A Tier 1 capital (to average assets) 210,871 12.60 % 66,930 4.0 % N/A N/A Pacific City Bank Common tier 1 capital (to risk-weighted assets) $ 209,587 16.19 % $ 58,272 4.5 % $ 84,171 6.5 % Total capital (to risk-weighted assets) 222,894 17.21 % 103,594 8.0 % 129,493 10.0 % Tier 1 capital (to risk-weighted assets) 209,587 16.19 % 77,696 6.0 % 103,594 8.0 % Tier 1 capital (to average assets) 209,587 12.53 % 66,929 4.0 % 83,661 5.0 % The California Financial Code provides that a bank may not make a cash distribution to its shareholders in excess of the lesser of the bank’s undivided profits or the bank’s net income for its last three fiscal years less the amount of any distribution made to the bank’s shareholder during the same period. As a California corporation, the Company is subject to the limitations of California law, which allows a corporation to distribute cash or property to shareholders, including a dividend or repurchase or redemption of shares, if the corporation meets either a retained earnings test or a “balance sheet” test. Under the retained earnings test, the Company may make a distribution from retained earnings to the extent that its retained earnings exceed the sum of (a) the amount of the distribution plus (b) the amount, if any, of dividends in arrears on shares with preferential dividend rights. The Company may also make a distribution if, immediately after the distribution, the value of its assets equals or exceeds the sum of (a) its total liabilities plus (b) the liquidation preference of any shares which have a preference upon dissolution over the rights of shareholders receiving the distribution. Indebtedness is not considered a liability if the terms of such indebtedness provide that payment of principal and interest thereon are to be made only if, and to the extent that, a distribution to shareholders could be made under the balance sheet test. The Federal Reserve, the Federal Deposit Insurance Corporation (the “FDIC”) and the California Department of Business Oversight (the “CDBO”) periodically examine the Company’s business, including compliance with laws and regulations. If, as a result of an examination, a banking agency were to determine that the Company’s financial condition, capital resources, asset quality, earnings prospects, management, liquidity or other aspects of any of the Company’s operations had become unsatisfactory, or that the Company was in violation of any law or regulation, they may take a number of different remedial actions as they deem appropriate. These actions include the power to enjoin “unsafe or unsound” practices, to require affirmative action to correct any conditions resulting from any violation or practice, to issue an administrative order that can be judicially enforced, to direct an increase in Company’s capital, to restrict growth, to assess civil money penalties, to fine or remove officers and directors and, if it is concluded that such conditions cannot be corrected or there is an imminent risk of loss to depositors, to terminate the Company’s deposit insurance and place the Company into receivership or conservatorship. On April 30, 2019, the FDIC, the CDBO and the Bank entered into a stipulation consenting to the issuance of a consent order (the “Order”) relating to the Bank’s BSA/AML. While the Bank attempted to address the concerns raised by the FDIC and CDBO in an informal Agreement dated January 8, 2018, these agencies determined in a subsequent examination of the Bank that it had not satisfactorily addressed these concerns particularly relating to failing to maintain a qualified individual to serve as the BSA compliance officer and ensure that adequate resources are provided to administer an effective BSA/AML compliance program. The Order requires, among other things, that the Bank correct all violations found in the prior examination and to improve its process to better identify and monitor accounts and transactions that pose a greater than normal risk for compliance with BSA/AML. The Order also requires the Board of Directors of the Bank to increase its oversight of the Bank’s compliance with BSA/AML rules and regulations. In addition, the Bank is to ensure that the BSA/AML compliance program is managed by a qualified officer with sufficient experience and resources necessary to administer an effective BSA/AML compliance program, and to seek prior FDIC and CDBO non-objection to a change in such officer or the officer in charge of Office of Foreign Assets Control compliance matters, or material changes to their responsibilities. Further, the Order requires that the Bank develop and maintain an effective BSA/AML compliance program, monitoring mechanisms, validation of risk rating and suspicious activity monitoring, and training programs for staff. Further, the Bank must review and enhance its BSA/AML risk assessment and customer due diligence, complete a BSA/AML staffing assessment and conduct a “look back” to more highly scrutinize certain transactions that occurred during a six month period in 2018 to determine if any suspicious activity requiring reporting went undetected. Finally, the Bank must provide periodic reports of progress to the FDIC and CDBO and provide for independent testing of the overall compliance program to ensure continued compliance, and seek prior FDIC and CDBO non-objection to the establishment of any new branches or other offices, or introduction of new delivery channels, products, services, or lines of business.

Revenue Recognition

Revenue Recognition	3 Months Ended
	Mar. 31, 2019
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition Topic 606, “Revenue from Contracts with Customers,” does not apply to revenue associated with financial instruments, including revenue from loans and securities. In addition, certain noninterest income streams such as gain or loss associated with mortgage servicing assets and financial guarantees are also not within the scope. Topic 606 is applicable to noninterest income such as deposit related fees, interchange fees, and merchant related income. Noninterest income considered to be within the scope of Topic 606 is discussed below. Service charges and fees on deposits : Deposit account service charges consist of monthly service fees, account analysis fees, non-sufficient funds (“NSF”) charges and other deposit related fees. The Company’s performance obligation for account analysis fees and monthly service fees is generally satisfied, and the related revenue recognized, over the period in which the service is provided. NSF charges, and other deposit account service charges are largely transactional based, and therefore, the Company’s performance obligation is satisfied, and related revenue recognized, at a point in time as incurred. Debit card fees : When customers use their debit cards to pay merchants for goods or services, the Company retains a fee from the funds collected from the related deposit account and transfers the remaining funds to the payment network for remittance to the merchant. The performance obligation to the merchant is satisfied and the fee is recognized at the point in time when the funds are collected and transferred to the payment network. Gain (loss) on sale of other real estate owned : The Company’s performance obligation for sale of OREO is the transfer of title and ownership rights of the OREO to the buyer, which occurs at the settlement date when the sale proceeds are received and income is recognized. Wire transfer fees and other service charges : Wire transfer fees and other service charges are transaction based, and therefore, the Company’s performance obligation is satisfied, and related revenue recognized, at a point in time as incurred. The following table presents revenue from contracts with customers within the scope of ASC 606 for the periods indicated: Three Months Ended March 31, ($ in thousands) 2019 2018 Noninterest Income In scope of Topic 606 Service charges and fees on deposits: Monthly service fees $ 28 $ 25 Account analysis fees 227 235 Non-sufficient funds charges 86 67 Other deposit related fees 23 22 Total service charges and fees on deposits 364 349 Debit card fees 65 45 Gain (loss) on sale of other real estate owned — 3 Wire transfer fees 109 104 Other service charges 50 64 Total noninterest income in-scope of Topic 606 $ 588 $ 565

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2019
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Entry into BSA/AML Consent Order. On April 30, 2019, the FDIC, the CDBO and the Bank entered into a stipulation consenting to the issuance of the Order relating to weaknesses in the Bank’s BSA/AML program, all as more fully described in Note 13. Dividend Declared on Common Stock. On April 25, 2019 , the Company’s Board of Directors declared a quarterly cash dividend of $0.06 per common share for the second quarter of 2019. The dividend will be paid on or about June 14, 2019 , to shareholders of record as of the close of business on May 31, 2019 . The Company has evaluated the effects of events that have occurred subsequent to March 31, 2019 through the issuance date of these consolidated financial statements (unaudited). Other than the event described above, there have been no material events that would require disclosure in the consolidated financial statements or in the notes to the consolidated financial statements.

Basis of Presentation and Sig_2

Basis of Presentation and Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited interim consolidated financial statements have been prepared pursuant to Article 10 of SEC Regulation S-X and other SEC rules and regulations for reporting on the Quarterly Report on Form 10-Q. Accordingly, certain disclosures required by U.S. generally accepted accounting principles (“GAAP”) are not included herein. These interim statements should be read in conjunction with the audited consolidated financial statements and notes included in the Annual Report on Form 10-K for the year ended December 31, 2018 filed by the Company with the SEC. The December 31, 2018 balance sheet presented herein has been derived from the audited financial statements included in the Annual Report on Form 10-K for the year ended December 31, 2018 filed with the SEC, but does not include all of the disclosures required by GAAP for complete financial statements. In the opinion of management of the Company, the accompanying unaudited interim consolidated financial statements reflect all of the adjustments (consisting of normal recurring adjustments) necessary for a fair presentation of the consolidated financial condition and consolidated results of operations as of the dates and for the periods presented. Certain reclassifications have been made in the prior period financial statements to conform to the current period presentation. The results of operations for the three months ended March 31, 2019 are not necessarily indicative of the results that may be expected for the year ending December 31, 2019.
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of Pacific City Financial Corporation and its wholly owned subsidiary as of March 31, 2019 and December 31, 2018 and for the three months ended March 31, 2019 and 2018 . Significant inter-company accounts and transactions have been eliminated in consolidation. Unless the context requires otherwise, all references to the Company include its wholly owned subsidiary.
Use of Estimates in the Preparation of Financial Statements	Use of Estimates in the Preparation of Financial Statements The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. These estimates are subject to change and such change could have a material effect on the consolidated financial statements. Actual results may differ from those estimates.
Adopted Accounting Pronouncements and Recent Accounting Pronouncements Not Yet Adopted	Adopted Accounting Pronouncements During the three months ended March 31, 2019 , the following accounting pronouncements applicable to the Company were adopted: In February 2016, the FASB issued Accounting Standard Update (“ASU”) 2016-02, “Leases (Topic 842).” In July 2018, the FASB issued ASU 2018-10, “Codification Improvements to Topic 842, Leases,” and ASU 2018-11, “Leases Topic 842, Targeted Improvements,” to provide additional clarification, implantation, and transition guidance on certain aspects of ASU 2016-02. The amendments in ASU 2016-02 require lessees to recognize lease assets and lease liabilities for both leases classified as operating leases and finance leases, except leases with a term of 12 months or less where lessees are permitted to make an accounting policy election by class of underlying asset not to recognize lease assets and lease liabilities. For leases with a term of greater than 12 months, lessees are required to recognize a liability to make lease payments and a right-of-use assets representing its right to use the underlying asset for the lease term measured at the present value of the lease payments. ASU 2016-02 and ASU 2018-10 are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years for a public business entity. Under ASU 2018-11, an additional transition option was provided that would allow entities to not apply the new guidance in the comparative periods they present in their financial statements in the year of adoption. Under this optional transition method, entities will be allowed to continue using and presenting leases under Accounting Standard Codification (“ASC 840”) for prior years comparative periods and then prospectively adopt ASC 842 on January 1, 2019, recognizing a cumulative-effect adjustment to the opening balance of retained earnings. The Company adopted this guidance in the first quarter of 2019 using the optional transition method with a cumulative effect adjustment to retained earnings without restating prior period financial statements for comparable amounts. The Company elected the package of practical expedients permitted under the transition guidance within this ASU, which allowed the Company to carry forward the historical lease classification. The Company completed its review of its existing lease contracts and service contracts that may include embedded leases, and updated processes and internal controls for leasing activities. The Company recognized right-of-use lease assets and liabilities of $9.6 million and $10.6 million , respectively, with a cumulative effect adjustment of $53 thousand to retained earnings at the date of adoption. Adoption of this ASU did not have a material impact on the Company’s consolidated financial statements other than the recognition of right-of-use lease assets and liabilities. See Note 6 for additional information. In March 2017, the FASB issued ASU 2017-08, “Receivables - Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities.” The amendments in this ASU shorten the amortization period for certain callable debt securities acquired at a premium. Specifically, the amendments require the premium to be amortized to the earliest call date. The amendments do not require an accounting change for securities held at a discount, which continue to be amortized to maturity. Public business entities must prospectively apply the amendments in this ASU to annual periods beginning after December 15, 2018, including interim periods. Adoption of this ASU did not have a material impact on the Company’s consolidated financial statements. Recent Accounting Pronouncements Not Yet Adopted The following are recently issued accounting pronouncements applicable to the Company that have not yet been adopted: In June 2016, the FASB issued ASU 2016-13, “Financial Instruments-Credit Losses (Topic 326).” The amendments in this ASU require that entities change the impairment model for most financial assets that are measured at amortized cost and certain other instruments from an incurred loss model to an expected loss model. Under this model, entities will estimate credit losses over the entire contractual term of the instrument from the date of initial recognition of that instrument. It includes financial assets such as loan receivables, held-to-maturity debt securities, net investment in leases that are not accounted for at fair value through net income, and certain off-balance sheet credit exposures. This ASU is effective for public business entities that are SEC filers for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The Company has formed a committee, developed an implementation plan, and engaged a software vendor to assist the Company to build a model. The Company is in the process of completing a readiness assessment and is engaged in the implementation phase of the project. The Company is working on: (i) developing a new expected loss model with supportable assumptions; (ii) identifying data, reporting, and disclosure gaps; (iii) assessing updates to accounting and credit risk policies; and (iv) documenting new processes and controls. Based on the Company’s initial assessment of this ASU, the Company expects to recognize a one-time cumulative effect adjustment to the allowance for loan losses which could potentially have a material impact on its consolidated financial statements as of the beginning of the first reporting period in which this ASU is effective.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2019
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis	The following table presents the Company’s assets and liabilities measured at fair value on a recurring basis as of dates indicated: Fair Value Measurement Level ($ in thousands) Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total March 31, 2019 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ — $ 67,637 $ — $ 67,637 Residential collateralized mortgage obligations — 54,100 — 54,100 SBA loan pool securities — 21,824 — 21,824 Municipal bonds — 792 — 792 Total securities available-for-sale — 144,353 — 144,353 Total assets measured at fair value on a recurring basis $ — $ 144,353 $ — $ 144,353 Total liabilities measured at fair value on a recurring basis $ — $ — $ — $ — December 31, 2018 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ — $ 67,921 $ — $ 67,921 Residential collateralized mortgage obligations — 55,649 — 55,649 SBA loan pool securities — 22,632 — 22,632 Municipal bonds — 789 — 789 Total securities available-for-sale — 146,991 — 146,991 Total assets measured at fair value on a recurring basis $ — $ 146,991 $ — $ 146,991 Total liabilities measured at fair value on a recurring basis $ — $ — $ — $ —
Schedule of Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis	The following table presents the Company’s assets and liabilities measured at fair value on a non-recurring basis as of dates indicated: Fair Value Measurement Level ($ in thousands) Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total March 31, 2019 Impaired loans: SBA property $ — $ — $ 220 $ 220 Total impaired loans — — 220 220 Total assets measured at fair value on a non-recurring basis $ — $ — $ 220 $ 220 Total liabilities measured at fair value on a non-recurring basis $ — $ — $ — $ — December 31, 2018 Impaired loans: SBA property $ — $ — $ 51 $ 51 Total impaired loans — — 51 51 Total assets measured at fair value on a non-recurring basis $ — $ — $ 51 $ 51 Total liabilities measured at fair value on a non-recurring basis $ — $ — $ — $ —
Schedule of Gain on Sale of OREO and OREO Valuation Write-downs	For assets measured at fair value, the following table presents the total net losses, which include charge-offs, recoveries, specific reserves, impairment on servicing assets, gain (loss) on sale of OREO, and OREO valuation write-downs recorded for the periods indicated: Three Months Ended March 31, ($ in thousands) 2019 2018 Collateral dependent impaired loans: SBA property $ (2 ) $ (126 ) Other real estate owned — 3 Net losses recognized $ (2 ) $ (123 )
Schedule of Carrying Value and Estimated Fair Values of Financial Assets and Liabilities	The following table presents the carrying value and estimated fair values of financial assets and liabilities as of the dates indicated: Carrying Value Fair Value Fair Value Measurements ($ in thousands) Level 1 Level 2 Level 3 March 31, 2019 Financial assets: Interest-bearing deposits in other financial institutions $ 151,481 $ 151,481 $ 151,481 $ — $ — Securities available-for-sale 144,353 144,353 — 144,353 — Securities held-to-maturity 23,311 23,110 — 23,110 — Loans held-for-sale 3,915 4,268 — 4,268 — Net loans held-for-investment 1,330,035 1,342,586 — — 1,342,586 FHLB and other restricted stock 7,433 N/A N/A N/A N/A Accrued interest receivable 5,363 5,363 40 519 4,804 Financial liabilities: Deposits $ 1,447,758 $ 1,438,181 $ — $ — $ 1,438,181 FHLB advances 30,000 29,820 — 29,820 — Accrued interest payable 4,610 4,610 — 48 4,562 December 31, 2018 Financial assets: Interest-bearing deposits in other financial institutions $ 138,152 $ 138,152 $ 138,152 $ — $ — Securities available-for-sale 146,991 146,991 — 146,991 — Securities held-to-maturity 21,760 21,152 — 21,152 — Loans held-for-sale 5,781 6,175 — 6,175 — Net loans held-for-investment 1,325,515 1,337,299 — — 1,337,299 FHLB and other restricted stock 7,433 N/A N/A N/A N/A Accrued interest receivable 5,178 5,178 112 568 4,498 Financial liabilities: Deposits $ 1,443,753 $ 1,425,023 $ — $ — $ 1,425,023 FHLB advances 30,000 29,641 — 29,641 — Accrued interest payable 6,223 6,223 — 1 6,222

Investment Securities (Tables)

Investment Securities (Tables)	3 Months Ended
	Mar. 31, 2019
Investments, Debt and Equity Securities [Abstract]
Debt Securities, Available-for-sale	The following table presents the amortized cost and fair value of the investment securities as of the dates indicated: ($ in thousands) Amortized Cost Gross Unrealized Gain Gross Unrealized Loss Fair Value March 31, 2019 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ 67,912 $ 438 $ (713 ) $ 67,637 Residential collateralized mortgage obligations 54,825 78 (803 ) 54,100 SBA loan pool securities 22,202 — (378 ) 21,824 Municipal bonds 779 13 — 792 Total securities available-for-sale $ 145,718 $ 529 $ (1,894 ) $ 144,353 Securities held-to-maturity: U.S. government agency and U.S. government sponsored enterprise residential mortgage-backed securities $ 18,218 $ — $ (353 ) $ 17,865 Municipal bonds 5,093 153 (1 ) 5,245 Total securities held-to-maturity $ 23,311 $ 153 $ (354 ) $ 23,110 December 31, 2018 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ 68,975 $ 177 $ (1,231 ) $ 67,921 Residential collateralized mortgage obligations 56,625 55 (1,031 ) 55,649 SBA loan pool securities 23,144 — (512 ) 22,632 Municipal bonds 784 5 — 789 Total securities available-for-sale $ 149,528 $ 237 $ (2,774 ) $ 146,991 Securities held-to-maturity: U.S. government agency and U.S. government sponsored enterprise residential mortgage-backed securities $ 16,659 $ — $ (602 ) $ 16,057 Municipal bonds 5,101 37 (43 ) 5,095 Total securities held-to-maturity $ 21,760 $ 37 $ (645 ) $ 21,152
Debt Securities, Held-to-maturity	The following table presents the amortized cost and fair value of the investment securities as of the dates indicated: ($ in thousands) Amortized Cost Gross Unrealized Gain Gross Unrealized Loss Fair Value March 31, 2019 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ 67,912 $ 438 $ (713 ) $ 67,637 Residential collateralized mortgage obligations 54,825 78 (803 ) 54,100 SBA loan pool securities 22,202 — (378 ) 21,824 Municipal bonds 779 13 — 792 Total securities available-for-sale $ 145,718 $ 529 $ (1,894 ) $ 144,353 Securities held-to-maturity: U.S. government agency and U.S. government sponsored enterprise residential mortgage-backed securities $ 18,218 $ — $ (353 ) $ 17,865 Municipal bonds 5,093 153 (1 ) 5,245 Total securities held-to-maturity $ 23,311 $ 153 $ (354 ) $ 23,110 December 31, 2018 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ 68,975 $ 177 $ (1,231 ) $ 67,921 Residential collateralized mortgage obligations 56,625 55 (1,031 ) 55,649 SBA loan pool securities 23,144 — (512 ) 22,632 Municipal bonds 784 5 — 789 Total securities available-for-sale $ 149,528 $ 237 $ (2,774 ) $ 146,991 Securities held-to-maturity: U.S. government agency and U.S. government sponsored enterprise residential mortgage-backed securities $ 16,659 $ — $ (602 ) $ 16,057 Municipal bonds 5,101 37 (43 ) 5,095 Total securities held-to-maturity $ 21,760 $ 37 $ (645 ) $ 21,152
Investments Classified by Contractual Maturity Date	The following table presents the amortized cost and fair value of the investment securities by contractual maturity as of March 31, 2019 . Expected maturities may differ from contractual maturities, if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately. Securities Available-For-Sale Securities Held-To-Maturity ($ in thousands) Amortized Cost Fair Value Amortized Cost Fair Value Within one year $ — $ — $ 132 $ 132 One to five years — — 1,429 1,457 Five to ten years 779 792 1,212 1,236 Greater than ten years — — 2,320 2,420 Residential mortgage-backed securities, residential collateralized mortgage obligations and SBA loan pool securities 144,939 143,561 18,218 17,865 Total $ 145,718 $ 144,353 $ 23,311 $ 23,110
Realized Gain (Loss) on Investments	The following table presents proceeds from sales and calls of securities available-for-sale and the associated gross gains and losses realized through earnings upon the sales and calls of securities available-for-sale for the periods indicated: Three Months Ended March 31, ($ in thousands) 2019 2018 Gross realized gains on sales and calls of securities available-for-sale $ — $ — Gross realized losses on sales and calls of securities available-for-sale — — Net realized gains (losses) on sales and calls of securities available-for-sale $ — $ — Proceeds from sales and calls of securities available-for-sale $ — $ 1,060 Tax expense on sales and calls of securities available-for-sale $ — $ —
Schedule of Unrealized Loss on Investments	The following table summarizes the investment securities with unrealized losses by security type and length of time in a continuous unrealized loss position as of the dates indicated: Length of Time that Individual Securities Have Been In a Continuous Unrealized Loss Position Less Than 12 Months 12 Months or Longer Total ($ in thousands) Fair Value Gross Unrealized Losses Number of Securities Fair Value Gross Unrealized Losses Number of Securities Fair Value Gross Unrealized Losses Number of Securities March 31, 2019 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ — $ — — $ 38,935 $ (713 ) 45 $ 38,935 $ (713 ) 45 Residential collateralized mortgage obligations 11,604 (81 ) 7 36,076 (722 ) 35 47,680 (803 ) 42 SBA loan pool securities 1,860 (7 ) 1 19,964 (371 ) 19 21,824 (378 ) 20 Municipal bonds — — — — — — — — — Total securities available-for-sale $ 13,464 $ (88 ) 8 $ 94,975 $ (1,806 ) 99 $ 108,439 $ (1,894 ) 107 Securities held-to-maturity: U.S. government agency and U.S. government sponsored enterprise residential mortgage-backed securities $ 4,170 $ (9 ) 2 $ 13,695 $ (344 ) 15 $ 17,865 $ (353 ) 17 Municipal bonds — — — 236 (1 ) 2 236 (1 ) 2 Total securities held-to-maturity $ 4,170 $ (9 ) 2 $ 13,931 $ (345 ) 17 $ 18,101 $ (354 ) 19 December 31, 2018 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ 1,868 $ (6 ) 2 $ 41,845 $ (1,225 ) 48 $ 43,713 $ (1,231 ) 50 Residential collateralized mortgage obligations 7,067 (29 ) 5 34,943 (1,002 ) 34 42,010 (1,031 ) 39 SBA loan pool securities 2,809 (7 ) 2 19,823 (505 ) 18 22,632 (512 ) 20 Municipal bonds — — — — — — — — — Total securities available-for-sale $ 11,744 $ (42 ) 9 $ 96,611 $ (2,732 ) 100 $ 108,355 $ (2,774 ) 109 Securities held-to-maturity: U.S. government agency and U.S. government sponsored enterprise residential mortgage-backed securities $ 2,022 $ (23 ) 1 $ 14,035 $ (579 ) 15 $ 16,057 $ (602 ) 16 Municipal bonds 2,600 (38 ) 8 497 (5 ) 3 3,097 (43 ) 11 Total securities held-to-maturity $ 4,622 $ (61 ) 9 $ 14,532 $ (584 ) 18 $ 19,154 $ (645 ) 27

Loans and Allowance for Loan _2

Loans and Allowance for Loan Losses (Tables)	3 Months Ended
	Mar. 31, 2019
Receivables [Abstract]
Loans Held-For-Investment	The following table presents, by recorded investment, the composition of the Company’s loans held-for-investment (net of deferred fees and costs) as of the dates indicated: ($ in thousands) March 31, 2019 December 31, 2018 Real estate loans: Commercial property $ 715,488 $ 709,409 Residential property 237,115 233,816 SBA property 124,751 120,939 Construction 19,983 27,323 Total real estate loans 1,097,337 1,091,487 Commercial and industrial loans: Commercial term 103,866 102,133 Commercial lines of credit 77,022 80,473 SBA commercial term 26,347 27,147 Trade finance 14,046 11,521 Total commercial and industrial loans 221,281 221,274 Other consumer loans 24,554 25,921 Loans held-for-investment 1,343,172 1,338,682 Allowance for loan losses (13,137 ) (13,167 ) Net loans held-for-investment $ 1,330,035 $ 1,325,515
Allowance for Loan Losses	The following table presents the activities in allowance for loan losses by portfolio segment, which is consistent with the Company’s methodology for determining allowance for loan losses, for the three months ended March 31, 2019 and 2018 : Three Months Ended ($ in thousands) Real Estate Commercial and Industrial Other Consumer Total Balance at January 1, 2019 $ 9,104 $ 3,877 $ 186 $ 13,167 Charge-offs (2 ) — (44 ) (46 ) Recoveries on loans previously charged off 4 41 56 101 Provision (reversal) for loan losses 218 (310 ) 7 (85 ) Balance at March 31, 2019 $ 9,324 $ 3,608 $ 205 $ 13,137 Balance at January 1, 2018 $ 8,507 $ 3,548 $ 169 $ 12,224 Charge-offs (125 ) — (14 ) (139 ) Recoveries on loans previously charged off 2 180 9 191 Provision (reversal) for loan losses 692 (628 ) 31 95 Balance at March 31, 2018 $ 9,076 $ 3,100 $ 195 $ 12,371 The following tables present the information on allowance for loan losses and recorded investments by portfolio segment and impairment methodology as of the dates indicated: ($ in thousands) Real Estate Commercial and Industrial Other Consumer Total March 31, 2019 Allowance for loan losses: Individually evaluated for impairment $ 1 $ 89 $ — $ 90 Collectively evaluated for impairment 9,323 3,519 205 13,047 Total $ 9,324 $ 3,608 $ 205 $ 13,137 Loans receivable: Individually evaluated for impairment $ 1,321 $ 288 $ — $ 1,609 Collectively evaluated for impairment 1,096,016 220,993 24,554 1,341,563 Total $ 1,097,337 $ 221,281 $ 24,554 $ 1,343,172 December 31, 2018 Allowance for loan losses: Individually evaluated for impairment $ 1 $ 93 $ — $ 94 Collectively evaluated for impairment 9,103 3,784 186 13,073 Total $ 9,104 $ 3,877 $ 186 $ 13,167 Loans receivable: Individually evaluated for impairment $ 1,156 $ 320 $ — $ 1,476 Collectively evaluated for impairment 1,090,331 220,954 25,921 1,337,206 Total $ 1,091,487 $ 221,274 $ 25,921 $ 1,338,682
Risk Categories for Loans by Portfolio Segment	The following table presents the risk categories for the recoded investment in loans by portfolio segment as of dates indicated: ($ in thousands) Pass Special Mention Substandard Doubtful Total March 31, 2019 Real estate loans: Commercial property $ 714,828 $ — $ 660 $ — $ 715,488 Residential property 237,115 — — — 237,115 SBA property 118,889 74 5,788 — 124,751 Construction 16,833 3,150 — — 19,983 Commercial and industrial loans: Commercial term 103,846 — 20 — 103,866 Commercial lines of credit 76,422 600 — — 77,022 SBA commercial term 25,840 — 507 — 26,347 Trade finance 14,046 — — — 14,046 Other consumer loans 24,480 — 74 — 24,554 Total $ 1,332,299 $ 3,824 $ 7,049 $ — $ 1,343,172 December 31, 2018 Real estate loans: Commercial property $ 708,742 $ — $ 667 $ — $ 709,409 Residential property 233,514 — 302 — 233,816 SBA property 115,543 74 5,322 — 120,939 Construction 24,325 2,998 — — 27,323 Commercial and industrial loans: Commercial term 102,106 — 27 — 102,133 Commercial lines of credit 79,874 599 — — 80,473 SBA commercial term 26,616 — 531 — 27,147 Trade finance 11,521 — — — 11,521 Other consumer loans 25,905 — 16 — 25,921 Total $ 1,328,146 $ 3,671 $ 6,865 $ — $ 1,338,682
Aging of Past Due Accruing Loans and Nonaccrual Loans by Segment	The following table presents the aging of past due recorded investment in accruing loans and nonaccrual loans by portfolio segment as of dates indicated: Still Accruing ($ in thousands) 30 to 59 Days Past Due 60 to 89 Days Past Due 90 or More Days Past Due Nonaccrual Total Past Due and Nonaccrual March 31, 2019 Real estate loans: Residential property $ 94 $ — $ — $ — $ 94 SBA property 711 — — 1,011 1,722 Commercial and industrial loans: SBA commercial term 54 — — 186 240 Other consumer loans 91 12 — 74 177 Total $ 950 $ 12 $ — $ 1,271 $ 2,233 December 31, 2018 Real estate loans: Residential property $ 95 $ — $ — $ 302 $ 397 SBA property 183 — — 540 723 Commercial and industrial loans: SBA commercial term — — — 203 203 Other consumer loans 90 9 — 16 115 Total $ 368 $ 9 $ — $ 1,061 $ 1,438
Impairment by Portfolio Segment	The following table presents loans individually evaluated for impairment by portfolio segment as of the dates indicated. The recorded investment presents customer balances net of any partial charge-offs recognized on the loans and net of any deferred fees and costs. With No Allowance Recorded With an Allowance Recorded ($ in thousands) Recorded Investment Unpaid Principal Balance Recorded Investment Unpaid Principal Balance Related Allowance March 31, 2019 Real estate loans: SBA property $ 1,100 $ 1,188 $ 221 $ 220 $ 1 Commercial and industrial loans: Commercial term 57 57 — — — SBA commercial term 62 82 169 178 89 Total $ 1,219 $ 1,327 $ 390 $ 398 $ 90 December 31, 2018 Real estate loans: Residential property $ 302 $ 303 $ — $ — $ — SBA property 802 854 52 50 1 Commercial and industrial loans: Commercial term 68 69 — — — SBA commercial term 73 99 179 189 93 Total $ 1,245 $ 1,325 $ 231 $ 239 $ 94 The following table presents information on the recorded investment in impaired loans by portfolio segment for the three months ended March 31, 2019 and 2018 : Three Months Ended March 31, 2019 2018 ($ in thousands) Average Recorded Investment Interest Income Average Recorded Investment Interest Income Real estate loans: Commercial property $ — $ — $ 314 $ — Residential property 151 — 730 — SBA property 1,347 6 1,187 5 Commercial and industrial loans: Commercial term 62 1 188 3 Commercial lines of credit — — 6 — SBA commercial term 242 1 450 6 Total $ 1,802 $ 8 $ 2,875 $ 14 The following presents a summary of interest foregone on impaired loans for the periods indicated: Three Months Ended March 31, ($ in thousands) 2019 2018 Interest income that would have been recognized had impaired loans performed in accordance with their original terms $ 32 $ 82 Less: interest income recognized on impaired loans on a cash basis (8 ) (47 ) Interest income foregone on impaired loans $ 24 $ 35
Modified TDRs by Portfolio Segment	The following table presents the composition of loans that were modified as TDRs by portfolio segment as of the dates indicated: March 31, 2019 December 31, 2018 ($ in thousands) Accruing Nonaccrual Total Accruing Nonaccrual Total Real estate loans: SBA property $ 310 $ — $ 310 $ 315 $ — $ 315 Commercial and industrial loans: Commercial term 57 — 57 68 — 68 SBA commercial term 45 127 172 49 131 180 Total $ 412 $ 127 $ 539 $ 432 $ 131 $ 563
Loans Held-for-Sale	The following table presents a composition of loans held-for-sale as of the dates indicated: ($ in thousands) March 31, 2019 December 31, 2018 Real estate loans: SBA property $ 3,680 $ 5,481 Commercial and industrial loans: SBA commercial term 235 300 Total $ 3,915 $ 5,781

Servicing Assets (Tables)

Servicing Assets (Tables)	3 Months Ended
	Mar. 31, 2019
Transfers and Servicing [Abstract]
Schedule of Servicing Assets with Key Assumptions Used to Estimate Fair Value	The following table presents the composition of servicing assets with key assumptions used to estimate the fair value: March 31, 2019 December 31, 2018 ($ in thousands) Residential Property SBA Property SBA Commercial Term Residential Property SBA Property SBA Commercial Term Carrying amount $ 221 $ 6,277 $ 987 $ 244 $ 6,349 $ 1,073 Fair value $ 264 $ 7,114 $ 1,146 $ 298 $ 6,937 $ 1,206 Discount rate 11.25 % 13.25 % 12.75 % 11.25 % 13.25 % 12.75 % Prepayment speed 26.00 % 13.95 % 13.18 % 25.00 % 14.12 % 13.55 % Weighted average remaining life 25.0 years 21.1 years 7.3 years 25.2 years 21.1 years 7.4 years Underlying loans being serviced $ 41,783 $ 375,154 $ 88,483 $ 45,728 $ 367,856 $ 93,073
Schedule of Servicing Asset	The following table presents activity in servicing assets for the three months ended March 31, 2019 and 2018 : Three Months Ended March 31, 2019 2018 ($ in thousands) Residential Property SBA Property SBA Commercial Term Residential Property SBA Property SBA Commercial Term Balance at beginning of period $ 244 $ 6,349 $ 1,073 $ 308 7,369 1,296 Additions — 284 51 — 436 74 Amortization (23 ) (356 ) (137 ) (18 ) (430 ) (145 ) Impairment — — — — — — Balance at end of period $ 221 $ 6,277 $ 987 $ 290 7,375 1,225

Operating Leases (Tables)

Operating Leases (Tables)	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Operating Lease Cost and Supplemental Information	The following table presents operating lease cost and supplemental cash flow information related to leases for the periods indicated: ($ in thousands) Three Months Ended March 31, 2019 Operating lease cost (1) $ 624 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases 650 Right of use assets obtained in exchange for lease obligations 65 (1) Included in Occupancy and Equipment on the Consolidated Statements of Income. Operating lease cost for the three months ended March 31, 2018 was under Topic 840. The following table presents supplemental balance sheet information related to leases as of March 31, 2019 : ($ in thousands) March 31, 2019 Operating leases: Operating lease assets $ 9,132 Operating lease liabilities 10,133 Weighted-average remaining lease term 5.0 years Weighted-average discount rate 2.85 %
Maturities of Operating Lease Liabilities	The following table presets maturities of operating lease liabilities as of March 31, 2019 : ($ in thousands) March 31, 2019 Maturities: 2019 $ 1,871 2020 2,436 2021 2,056 2022 1,938 2023 1,624 After 2023 1,130 Total lease payment 11,055 Imputed Interest (922 ) Present value of operating lease liabilities $ 10,133

Shareholders_ Equity (Tables)

Shareholders’ Equity (Tables)	3 Months Ended
	Mar. 31, 2019
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Loss	The following table presents changes to accumulated other comprehensive loss for the periods indicated: Three Months Ended March 31, ($ in thousands) 2019 2018 Unrealized loss on securities available-for-sale: Beginning balance $ (1,647 ) $ (1,223 ) Other comprehensive income (loss) Unrealized gain (loss) arising during the period 1,172 (1,445 ) Tax effect of current period changes (345 ) 420 Total other comprehensive income (loss) 827 (1,025 ) Balance at end of period $ (820 ) $ (2,248 )

Share-Based Compensation (Table

Share-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of Option Activity	The following table represents stock option activity as of and for three months ended March 31, 2019 : Three Months Ended March 31, 2019 ($ in thousands except per share data) Number of Shares Weighted-Average Exercise Price Per Share Weighted-Average Contractual Term Aggregated Intrinsic Value Outstanding at beginning of period 898,291 $ 9.81 6.55 years $ 5,243 Granted 10,000 $ 17.47 10.00 years Exercised (33,397 ) $ 6.49 4.80 years Balance at end of period 874,894 $ 10.03 6.40 years $ 6,493 Exercisable at end of period 530,121 $ 8.60 5.69 years $ 4,693 The following table represents information regarding unvested stock options as of and for the three months ended March 31, 2019 : Three Months Ended March 31, 2019 Number of Shares Weighted-Average Exercise Price Per Share Outstanding at beginning of period 347,274 $ 12.17 Granted 10,000 $ 17.47 Vested (12,501 ) $ 14.75 Balance at end of period 344,773 $ 12.23

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following is a reconciliation of net income and shares outstanding to the income and number of share used to compute earnings per share for the periods indicated: Three Months Ended March 31, ($ in thousands, except per share) 2019 2018 Basic earnings per share: Net income $ 6,564 $ 6,264 Weighted-average common shares outstanding 15,999,464 13,418,259 Basic earnings per share $ 0.41 $ 0.47 Diluted earnings per share: Net income $ 6,564 $ 6,264 Weighted-average commons shares outstanding 15,999,464 13,418,259 Diluted effect of stock options 271,805 168,500 Diluted weighted-average common shares outstanding 16,271,269 13,586,759 Diluted earnings per share $ 0.40 $ 0.46

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Schedule of Outstanding Financial Commitments	As of March 31, 2019 and December 31, 2018 , the Company had the following outstanding financial commitments whose contractual amount represents credit risk: ($ in thousands) March 31, 2019 December 31, 2018 Commitments to extend credit $ 140,012 $ 127,443 Standby letters of credit 2,860 2,998 Commercial letters of credit 449 477 Total $ 143,321 $ 130,918

Regulatory Matters (Tables)

Regulatory Matters (Tables)	3 Months Ended
	Mar. 31, 2019
Banking and Thrift [Abstract]
Schedule of Regulatory Capital Amounts and Ratios	The following table presents the regulatory capital amounts and ratios for the Company and the Bank as of dates indicated: Actual Minimum Capital Requirement To Be Well Capitalized Under Prompt Corrective Provisions ($ in thousands) Amount Ratio Amount Ratio Amount Ratio March 31, 2019 Pacific City Financial Corporation Common tier 1 capital (to risk-weighted assets) $ 217,045 16.52 % $ 59,108 4.5 % N/A N/A Total capital (to risk-weighted assets) 230,318 17.53 % 105,081 8.0 % N/A N/A Tier 1 capital (to risk-weighted assets) 217,045 16.52 % 78,811 6.0 % N/A N/A Tier 1 capital (to average assets) 217,045 12.83 % 67,670 4.0 % N/A N/A Pacific City Bank Common tier 1 capital (to risk-weighted assets) $ 215,492 16.41 % $ 59,106 4.5 % $ 85,375 6.5 % Total capital (to risk-weighted assets) 228,765 17.42 % 105,077 8.0 % 131,346 10.0 % Tier 1 capital (to risk-weighted assets) 215,492 16.41 % 78,808 6.0 % 105,077 8.0 % Tier 1 capital (to average assets) 215,492 12.74 % 67,668 4.0 % 84,585 5.0 % December 31, 2018 Pacific City Financial Corporation Common tier 1 capital (to risk-weighted assets) $ 210,871 16.28 % $ 58,273 4.5 % N/A N/A Total capital (to risk-weighted assets) 224,178 17.31 % 103,596 8.0 % N/A N/A Tier 1 capital (to risk-weighted assets) 210,871 16.28 % 77,697 6.0 % N/A N/A Tier 1 capital (to average assets) 210,871 12.60 % 66,930 4.0 % N/A N/A Pacific City Bank Common tier 1 capital (to risk-weighted assets) $ 209,587 16.19 % $ 58,272 4.5 % $ 84,171 6.5 % Total capital (to risk-weighted assets) 222,894 17.21 % 103,594 8.0 % 129,493 10.0 % Tier 1 capital (to risk-weighted assets) 209,587 16.19 % 77,696 6.0 % 103,594 8.0 % Tier 1 capital (to average assets) 209,587 12.53 % 66,929 4.0 % 83,661 5.0 %

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Mar. 31, 2019
Revenue from Contract with Customer [Abstract]
Schedule of Revenue from Contracts with Customers	The following table presents revenue from contracts with customers within the scope of ASC 606 for the periods indicated: Three Months Ended March 31, ($ in thousands) 2019 2018 Noninterest Income In scope of Topic 606 Service charges and fees on deposits: Monthly service fees $ 28 $ 25 Account analysis fees 227 235 Non-sufficient funds charges 86 67 Other deposit related fees 23 22 Total service charges and fees on deposits 364 349 Debit card fees 65 45 Gain (loss) on sale of other real estate owned — 3 Wire transfer fees 109 104 Other service charges 50 64 Total noninterest income in-scope of Topic 606 $ 588 $ 565

Basis of Presentation and Sig_3

Basis of Presentation and Significant Accounting Policies (Details) $ in Thousands	Mar. 31, 2019USD ($)branchoffice	Jan. 01, 2019USD ($)	Dec. 31, 2018USD ($)
Product Information [Line Items]
Number of loan production offices | office	10
Right-of-use lease assets	$ 9,132
Operating lease liabilities	$ 10,133
ASU 2016-02
Product Information [Line Items]
Right-of-use lease assets		$ 9,600	$ 9,600
Operating lease liabilities		$ 10,600	10,600
Cumulative effect adjustment to retained earnings			53
ASU 2016-02 | Retained Earnings
Product Information [Line Items]
Cumulative effect adjustment to retained earnings			$ 53
California
Product Information [Line Items]
Number of full-service branches | branch	11
New Jersey
Product Information [Line Items]
Number of full-service branches | branch	1
New York
Product Information [Line Items]
Number of full-service branches | branch	1

Fair Value Measurements - Asset

Fair Value Measurements - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Securities available-for-sale:
Total securities available-for-sale	$ 144,353	$ 146,991
Residential mortgage-backed securities
Securities available-for-sale:
Total securities available-for-sale	67,637	67,921
Residential collateralized mortgage obligations
Securities available-for-sale:
Total securities available-for-sale	54,100	55,649
Municipal bonds
Securities available-for-sale:
Total securities available-for-sale	792	789
Recurring
Securities available-for-sale:
Total securities available-for-sale	144,353	146,991
Total assets measured at fair value on a recurring basis	144,353	146,991
Total liabilities measured at fair value on a recurring basis	0	0
Recurring | Residential mortgage-backed securities
Securities available-for-sale:
Total securities available-for-sale	67,637	67,921
Recurring | Residential collateralized mortgage obligations
Securities available-for-sale:
Total securities available-for-sale	54,100	55,649
Recurring | SBA loan pool securities
Securities available-for-sale:
Total securities available-for-sale	21,824	22,632
Recurring | Municipal bonds
Securities available-for-sale:
Total securities available-for-sale	792	789
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1)
Securities available-for-sale:
Total securities available-for-sale	0	0
Total assets measured at fair value on a recurring basis	0	0
Total liabilities measured at fair value on a recurring basis	0	0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Residential mortgage-backed securities
Securities available-for-sale:
Total securities available-for-sale	0	0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Residential collateralized mortgage obligations
Securities available-for-sale:
Total securities available-for-sale	0	0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | SBA loan pool securities
Securities available-for-sale:
Total securities available-for-sale	0	0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Municipal bonds
Securities available-for-sale:
Total securities available-for-sale	0	0
Recurring | Significant Other Observable Inputs (Level 2)
Securities available-for-sale:
Total securities available-for-sale	144,353	146,991
Total assets measured at fair value on a recurring basis	144,353	146,991
Total liabilities measured at fair value on a recurring basis	0	0
Recurring | Significant Other Observable Inputs (Level 2) | Residential mortgage-backed securities
Securities available-for-sale:
Total securities available-for-sale	67,637	67,921
Recurring | Significant Other Observable Inputs (Level 2) | Residential collateralized mortgage obligations
Securities available-for-sale:
Total securities available-for-sale	54,100	55,649
Recurring | Significant Other Observable Inputs (Level 2) | SBA loan pool securities
Securities available-for-sale:
Total securities available-for-sale	21,824	22,632
Recurring | Significant Other Observable Inputs (Level 2) | Municipal bonds
Securities available-for-sale:
Total securities available-for-sale	792	789
Recurring | Significant Unobservable Inputs (Level 3)
Securities available-for-sale:
Total securities available-for-sale	0	0
Total assets measured at fair value on a recurring basis	0	0
Total liabilities measured at fair value on a recurring basis	0	0
Recurring | Significant Unobservable Inputs (Level 3) | Residential mortgage-backed securities
Securities available-for-sale:
Total securities available-for-sale	0	0
Recurring | Significant Unobservable Inputs (Level 3) | Residential collateralized mortgage obligations
Securities available-for-sale:
Total securities available-for-sale	0	0
Recurring | Significant Unobservable Inputs (Level 3) | SBA loan pool securities
Securities available-for-sale:
Total securities available-for-sale	0	0
Recurring | Significant Unobservable Inputs (Level 3) | Municipal bonds
Securities available-for-sale:
Total securities available-for-sale	$ 0	$ 0

Fair Value Measurements - Ass_2

Fair Value Measurements - Assets and Liabilities Measured at Fair Value on a Non-recurring Basis (Details) - Nonrecurring - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Impaired loans:
SBA property	$ 220	$ 51
Total impaired loans	220	51
Total assets measured at fair value on a recurring basis	220	51
Total liabilities measured at fair value on a recurring basis	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1)
Impaired loans:
SBA property	0	0
Total impaired loans	0	0
Total assets measured at fair value on a recurring basis	0	0
Total liabilities measured at fair value on a recurring basis	0	0
Significant Other Observable Inputs (Level 2)
Impaired loans:
SBA property	0	0
Total impaired loans	0	0
Total assets measured at fair value on a recurring basis	0	0
Total liabilities measured at fair value on a recurring basis	0	0
Significant Unobservable Inputs (Level 3)
Impaired loans:
SBA property	220	51
Total impaired loans	220	51
Total assets measured at fair value on a recurring basis	220	51
Total liabilities measured at fair value on a recurring basis	$ 0	$ 0

Fair Value Measurements - Other

Fair Value Measurements - Other Real Estate Owned (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net losses recognized	$ (2)	$ (123)
SBA property
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net losses recognized	(2)	(126)
Other real estate owned
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net losses recognized	$ 0	$ 3

Fair Value Measurements - Fair

Fair Value Measurements - Fair Values of Financial Assets and Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Financial assets:
Securities available-for-sale	$ 144,353	$ 146,991
Securities held-to-maturity	23,311	21,760
Carrying Value
Financial assets:
Interest-bearing deposits in other financial institutions	151,481	138,152
Securities available-for-sale	144,353	146,991
Securities held-to-maturity	23,311	21,760
Loans held-for-sale	3,915	5,781
Net loans held-for-investment	1,330,035	1,325,515
FHLB and other restricted stock	7,433	7,433
Accrued interest receivable	5,363	5,178
Financial liabilities:
Deposits	1,447,758	1,443,753
FHLB advances	30,000	30,000
Accrued interest payable	4,610	6,223
Fair Value
Financial assets:
Interest-bearing deposits in other financial institutions	151,481	138,152
Securities available-for-sale	144,353	146,991
Securities held-to-maturity	23,110	21,152
Loans held-for-sale	4,268	6,175
Net loans held-for-investment	1,342,586	1,337,299
Accrued interest receivable	5,363	5,178
Financial liabilities:
Deposits	1,438,181	1,425,023
FHLB advances	29,820	29,641
Accrued interest payable	4,610	6,223
Fair Value | Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial assets:
Interest-bearing deposits in other financial institutions	151,481	138,152
Securities available-for-sale	0	0
Securities held-to-maturity	0	0
Loans held-for-sale	0	0
Net loans held-for-investment	0	0
Accrued interest receivable	40	112
Financial liabilities:
Deposits	0	0
FHLB advances	0	0
Accrued interest payable	0	0
Fair Value | Significant Other Observable Inputs (Level 2)
Financial assets:
Interest-bearing deposits in other financial institutions	0	0
Securities available-for-sale	144,353	146,991
Securities held-to-maturity	23,110	21,152
Loans held-for-sale	4,268	6,175
Net loans held-for-investment	0	0
Accrued interest receivable	519	568
Financial liabilities:
Deposits	0	0
FHLB advances	29,820	29,641
Accrued interest payable	48	1
Fair Value | Significant Unobservable Inputs (Level 3)
Financial assets:
Interest-bearing deposits in other financial institutions	0	0
Securities available-for-sale	0	0
Securities held-to-maturity	0	0
Loans held-for-sale	0	0
Net loans held-for-investment	1,342,586	1,337,299
Accrued interest receivable	4,804	4,498
Financial liabilities:
Deposits	1,438,181	1,425,023
FHLB advances	0	0
Accrued interest payable	$ 4,562	$ 6,222

Investment Securities - Summary

Investment Securities - Summary of Debt and Equity Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Securities available-for-sale:
Amortized Cost	$ 145,718	$ 149,528
Gross Unrealized Gain	529	237
Gross Unrealized Loss	(1,894)	(2,774)
Securities available-for-sale, at fair value	144,353	146,991
Securities held-to-maturity:
Amortized Cost	23,311	21,760
Gross Unrealized Gain	153	37
Gross Unrealized Loss	(354)	(645)
Fair Value	23,110	21,152
Pledged securities for collateral	134,400	112,200
Residential mortgage-backed securities
Securities available-for-sale:
Amortized Cost	67,912	68,975
Gross Unrealized Gain	438	177
Gross Unrealized Loss	(713)	(1,231)
Securities available-for-sale, at fair value	67,637	67,921
Residential collateralized mortgage obligations
Securities available-for-sale:
Amortized Cost	54,825	56,625
Gross Unrealized Gain	78	55
Gross Unrealized Loss	(803)	(1,031)
Securities available-for-sale, at fair value	54,100	55,649
Securities held-to-maturity:
Amortized Cost	18,218	16,659
Gross Unrealized Gain	0	0
Gross Unrealized Loss	(353)	(602)
Fair Value	17,865	16,057
SBA loan pool securities
Securities available-for-sale:
Amortized Cost	22,202	23,144
Gross Unrealized Gain	0	0
Gross Unrealized Loss	(378)	(512)
Securities available-for-sale, at fair value	21,824	22,632
Securities held-to-maturity:
Amortized Cost	5,093	5,101
Gross Unrealized Gain	153	37
Gross Unrealized Loss	(1)	(43)
Fair Value	5,245	5,095
Municipal bonds
Securities available-for-sale:
Amortized Cost	779	784
Gross Unrealized Gain	13	5
Gross Unrealized Loss	0	0
Securities available-for-sale, at fair value	$ 792	$ 789

Investment Securities - Summa_2

Investment Securities - Summary of Contractual Maturities (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Securities available-for-sale:
Amortized Cost, Within one year	$ 0
Amortized Cost, One to five years	0
Amortized Cost, Five to ten years	779
Amortized Cost, Greater than ten years	0
Amortized Cost, Mortgage-backed securities and collateralized mortgage obligations	144,939
Amortized Cost	145,718	$ 149,528
Fair Value, Within one year	0
Fair Value, One to five years	0
Fair Value, Five to ten years	792
Fair Value, Greater than ten years	0
Fair Value, Mortgage-backed securities and collateralized mortgage obligations	143,561
Fair Value	144,353	146,991
Securities held-to-maturity:
Amortized Cost, Within one year	132
Amortized Cost, One to five years	1,429
Amortized Cost, Five to ten years	1,212
Amortized Cost, Greater than ten years	2,320
Amortized Cost, Mortgage-backed securities and collateralized mortgage obligations	18,218
Amortized Cost	23,311	21,760
Fair Value, Within one year	132
Fair Value, One to five years	1,457
Fair Value, Five to ten years	1,236
Fair Value, Greater than ten years	2,420
Fair Value, Mortgage-backed securities and collateralized mortgage obligations	17,865
Fair Value	$ 23,110	$ 21,152

Investment Securities - Summa_3

Investment Securities - Summary of Gains (Losses) on Available-for-sale Securities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Investments, Debt and Equity Securities [Abstract]
Gross realized gains on sales and calls of securities available-for-sale	$ 0	$ 0
Gross realized losses on sales and calls of securities available-for-sale	0	0
Net realized gains (losses) on sales and calls of securities available-for-sale	0	0
Proceeds from sales and calls of securities available-for-sale	0	1,060
Tax expense on sales and calls of securities available-for-sale	$ 0	$ 0

Investment Securities - Summa_4

Investment Securities - Summary of Individual Securities in Continuous Unrealized Loss Position (Details)	3 Months Ended
	Mar. 31, 2019USD ($)security	Mar. 31, 2018USD ($)	Dec. 31, 2018USD ($)security
Securities available-for-sale:
Less Than 12 Months, Fair Value	$ 13,464,000		$ 11,744,000
Less Than 12 Months, Gross Unrealized Losses	$ (88,000)		$ (42,000)
Less Than 12 Months, Number of Securities | security	8		9
12 months or Longer, Fair Value	$ 94,975,000		$ 96,611,000
12 months or Longer, Gross Unrealized Losses	$ (1,806,000)		$ (2,732,000)
12 months or Longer, Number of Securities | security	99		100
Total, Fair Value	$ 108,439,000		$ 108,355,000
Total, Gross Unrealized Losses	$ (1,894,000)		$ (2,774,000)
Total, Number of Securities | security	107		109
Securities held-to-maturity:
Less Than 12 Months, Fair Value	$ 4,170,000		$ 4,622,000
Less Than 12 Months, Gross Unrealized Losses	$ (9,000)		$ (61,000)
Less Than 12 Months, Number of Securities | security	2		9
12 Months or Longer, Fair Value	$ 13,931,000		$ 14,532,000
12 Months or Longer, Gross Unrealized Losses	$ (345,000)		$ (584,000)
12 Months or Longer, Number of Securities | security	17		18
Total, Fair Value	$ 18,101,000		$ 19,154,000
Total, Gross Unrealized Losses	$ (354,000)		$ (645,000)
Total, Number of Securities | security	19		27
OTTI, debt securities, including in earnings	$ 0	$ 0
Residential mortgage-backed securities
Securities available-for-sale:
Less Than 12 Months, Fair Value	0		$ 1,868,000
Less Than 12 Months, Gross Unrealized Losses	$ 0		$ (6,000)
Less Than 12 Months, Number of Securities | security	0		2
12 months or Longer, Fair Value	$ 38,935,000		$ 41,845,000
12 months or Longer, Gross Unrealized Losses	$ (713,000)		$ (1,225,000)
12 months or Longer, Number of Securities | security	45		48
Total, Fair Value	$ 38,935,000		$ 43,713,000
Total, Gross Unrealized Losses	$ (713,000)		$ (1,231,000)
Total, Number of Securities | security	45		50
Residential collateralized mortgage obligations
Securities available-for-sale:
Less Than 12 Months, Fair Value	$ 11,604,000		$ 7,067,000
Less Than 12 Months, Gross Unrealized Losses	$ (81,000)		$ (29,000)
Less Than 12 Months, Number of Securities | security	7		5
12 months or Longer, Fair Value	$ 36,076,000		$ 34,943,000
12 months or Longer, Gross Unrealized Losses	$ (722,000)		$ (1,002,000)
12 months or Longer, Number of Securities | security	35		34
Total, Fair Value	$ 47,680,000		$ 42,010,000
Total, Gross Unrealized Losses	$ (803,000)		$ (1,031,000)
Total, Number of Securities | security	42		39
Securities held-to-maturity:
Less Than 12 Months, Fair Value	$ 4,170,000		$ 2,022,000
Less Than 12 Months, Gross Unrealized Losses	$ (9,000)		$ (23,000)
Less Than 12 Months, Number of Securities | security	2		1
12 Months or Longer, Fair Value	$ 13,695,000		$ 14,035,000
12 Months or Longer, Gross Unrealized Losses	$ (344,000)		$ (579,000)
12 Months or Longer, Number of Securities | security	15		15
Total, Fair Value	$ 17,865,000		$ 16,057,000
Total, Gross Unrealized Losses	$ (353,000)		$ (602,000)
Total, Number of Securities | security	17		16
SBA loan pool securities
Securities available-for-sale:
Less Than 12 Months, Fair Value	$ 1,860,000		$ 2,809,000
Less Than 12 Months, Gross Unrealized Losses	$ (7,000)		$ (7,000)
Less Than 12 Months, Number of Securities | security	1		2
12 months or Longer, Fair Value	$ 19,964,000		$ 19,823,000
12 months or Longer, Gross Unrealized Losses	$ (371,000)		$ (505,000)
12 months or Longer, Number of Securities | security	19		18
Total, Fair Value	$ 21,824,000		$ 22,632,000
Total, Gross Unrealized Losses	$ (378,000)		$ (512,000)
Total, Number of Securities | security	20		20
Securities held-to-maturity:
Less Than 12 Months, Fair Value	$ 0		$ 2,600,000
Less Than 12 Months, Gross Unrealized Losses	$ 0		$ (38,000)
Less Than 12 Months, Number of Securities | security	0		8
12 Months or Longer, Fair Value	$ 236,000		$ 497,000
12 Months or Longer, Gross Unrealized Losses	$ (1,000)		$ (5,000)
12 Months or Longer, Number of Securities | security	2		3
Total, Fair Value	$ 236,000		$ 3,097,000
Total, Gross Unrealized Losses	$ (1,000)		$ (43,000)
Total, Number of Securities | security	2		11
Municipal bonds
Securities available-for-sale:
Less Than 12 Months, Fair Value	$ 0		$ 0
Less Than 12 Months, Gross Unrealized Losses	$ 0		$ 0
Less Than 12 Months, Number of Securities | security	0		0
12 months or Longer, Fair Value	$ 0		$ 0
12 months or Longer, Gross Unrealized Losses	$ 0		$ 0
12 months or Longer, Number of Securities | security	0		0
Total, Fair Value	$ 0		$ 0
Total, Gross Unrealized Losses	$ 0		$ 0
Total, Number of Securities | security	0		0

Loans and Allowance for Loan _3

Loans and Allowance for Loan Losses - Loans Held-For-Investment (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	$ 1,343,172	$ 1,338,682
Allowance for loan losses	(13,137)	(13,167)
Net loans held-for-investment	1,330,035	1,325,515
Related party loans outstanding	3,800	2,400
Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	1,097,337	1,091,487
Real Estate | Commercial property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	715,488	709,409
Real Estate | Residential property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	237,115	233,816
Real Estate | SBA property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	124,751	120,939
Real Estate | Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	19,983	27,323
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	221,281	221,274
Commercial and Industrial | Commercial term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	103,866	102,133
Commercial and Industrial | Commercial lines of credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	77,022	80,473
Commercial and Industrial | SBA commercial term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	26,347	27,147
Commercial and Industrial | Trade finance
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	14,046	11,521
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	$ 24,554	$ 25,921

Loans and Allowance for Loan _4

Loans and Allowance for Loan Losses - Allowance for Loan Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Allowance for Doubtful Accounts Receivable [Roll Forward]
Allowance for Loan Losses, beginning balance	$ 13,167	$ 12,224
Charge-offs	(46)	(139)
Recoveries on loans previously charged off	101	191
Provision for loan losses	(85)	95
Allowance for Loan Losses, ending balance	13,137	12,371
Allowance for loan losses:
Individually evaluated for impairment	90		$ 94
Collectively evaluated for impairment	13,047		13,073
Total	13,137		13,167
Loans receivable:
Individually evaluated for impairment	1,609		1,476
Collectively evaluated for impairment	1,341,563		1,337,206
Total	1,343,172		1,338,682
Real Estate
Allowance for Doubtful Accounts Receivable [Roll Forward]
Allowance for Loan Losses, beginning balance	9,104	8,507
Charge-offs	(2)	(125)
Recoveries on loans previously charged off	4	2
Provision for loan losses	218	692
Allowance for Loan Losses, ending balance	9,324	9,076
Allowance for loan losses:
Individually evaluated for impairment	1		1
Collectively evaluated for impairment	9,323		9,103
Total	9,324		9,104
Loans receivable:
Individually evaluated for impairment	1,321		1,156
Collectively evaluated for impairment	1,096,016		1,090,331
Total	1,097,337		1,091,487
Commercial and Industrial
Allowance for Doubtful Accounts Receivable [Roll Forward]
Allowance for Loan Losses, beginning balance	3,877	3,548
Charge-offs	0	0
Recoveries on loans previously charged off	41	180
Provision for loan losses	(310)	(628)
Allowance for Loan Losses, ending balance	3,608	3,100
Allowance for loan losses:
Individually evaluated for impairment	89		93
Collectively evaluated for impairment	3,519		3,784
Total	3,608		3,877
Loans receivable:
Individually evaluated for impairment	288		320
Collectively evaluated for impairment	220,993		220,954
Total	221,281		221,274
Consumer
Allowance for Doubtful Accounts Receivable [Roll Forward]
Allowance for Loan Losses, beginning balance	186	169
Charge-offs	(44)	(14)
Recoveries on loans previously charged off	56	9
Provision for loan losses	7	31
Allowance for Loan Losses, ending balance	205	$ 195
Allowance for loan losses:
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	205		186
Total	205		186
Loans receivable:
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	24,554		25,921
Total	$ 24,554		$ 25,921

Loans and Allowance for Loan _5

Loans and Allowance for Loan Losses - Credit Quality Indicators (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	$ 1,343,172	$ 1,338,682
Pass
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	1,332,299	1,328,146
Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	3,824	3,671
Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	7,049	6,865
Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	0	0
Real Estate
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	1,097,337	1,091,487
Real Estate | Commercial property
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	715,488	709,409
Real Estate | Commercial property | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	714,828	708,742
Real Estate | Commercial property | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	0	0
Real Estate | Commercial property | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	660	667
Real Estate | Commercial property | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	0	0
Real Estate | Residential property
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	237,115	233,816
Real Estate | Residential property | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	237,115	233,514
Real Estate | Residential property | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	0	0
Real Estate | Residential property | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	0	302
Real Estate | Residential property | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	0	0
Real Estate | SBA property
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	124,751	120,939
Real Estate | SBA property | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	118,889	115,543
Real Estate | SBA property | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	74	74
Real Estate | SBA property | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	5,788	5,322
Real Estate | SBA property | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	0	0
Real Estate | Construction
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	19,983	27,323
Real Estate | Construction | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	16,833	24,325
Real Estate | Construction | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	3,150	2,998
Real Estate | Construction | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	0	0
Real Estate | Construction | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	0	0
Commercial and Industrial
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	221,281	221,274
Commercial and Industrial | Commercial term
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	103,866	102,133
Commercial and Industrial | Commercial term | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	103,846	102,106
Commercial and Industrial | Commercial term | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	0	0
Commercial and Industrial | Commercial term | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	20	27
Commercial and Industrial | Commercial term | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	0	0
Commercial and Industrial | Commercial lines of credit
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	77,022	80,473
Commercial and Industrial | Commercial lines of credit | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	76,422	79,874
Commercial and Industrial | Commercial lines of credit | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	600	599
Commercial and Industrial | Commercial lines of credit | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	0	0
Commercial and Industrial | Commercial lines of credit | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	0	0
Commercial and Industrial | SBA commercial term
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	26,347	27,147
Commercial and Industrial | SBA commercial term | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	25,840	26,616
Commercial and Industrial | SBA commercial term | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	0	0
Commercial and Industrial | SBA commercial term | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	507	531
Commercial and Industrial | SBA commercial term | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	0	0
Commercial and Industrial | Trade finance
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	14,046	11,521
Commercial and Industrial | Trade finance | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	14,046	11,521
Commercial and Industrial | Trade finance | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	0	0
Commercial and Industrial | Trade finance | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	0	0
Commercial and Industrial | Trade finance | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	0	0
Consumer
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	24,554	25,921
Consumer | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	24,480	25,905
Consumer | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	0	0
Consumer | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	74	16
Consumer | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	$ 0	$ 0

Loans and Allowance for Loan _6

Loans and Allowance for Loan Losses - Aging of Past Due Accruing Loans and Nonaccrual Loans by Portfolio Segment (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual	$ 1,271,000	$ 1,061,000
Total Past Due and Nonaccrual	2,233,000	1,438,000
Loans guaranteed by US government agency
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual	0	0
30 to 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Still Accruing	950,000	368,000
60 to 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Still Accruing	12,000	9,000
90 or More Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Still Accruing	0	0
Real Estate | Residential property
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual	0	302,000
Total Past Due and Nonaccrual	94,000	397,000
Real Estate | Residential property | 30 to 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Still Accruing	94,000	95,000
Real Estate | Residential property | 60 to 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Still Accruing	0	0
Real Estate | Residential property | 90 or More Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Still Accruing	0	0
Real Estate | SBA property
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual	1,011,000	540,000
Total Past Due and Nonaccrual	1,722,000	723,000
Real Estate | SBA property | 30 to 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Still Accruing	711,000	183,000
Real Estate | SBA property | 60 to 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Still Accruing	0	0
Real Estate | SBA property | 90 or More Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Still Accruing	0	0
Commercial and Industrial | SBA commercial term
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual	186,000	203,000
Total Past Due and Nonaccrual	240,000	203,000
Commercial and Industrial | SBA commercial term | 30 to 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Still Accruing	54,000	0
Commercial and Industrial | SBA commercial term | 60 to 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Still Accruing	0	0
Commercial and Industrial | SBA commercial term | 90 or More Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Still Accruing	0	0
Consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual	74,000	16,000
Total Past Due and Nonaccrual	177,000	115,000
Consumer | 30 to 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Still Accruing	91,000	90,000
Consumer | 60 to 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Still Accruing	12,000	9,000
Consumer | 90 or More Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Still Accruing	$ 0	$ 0

Loans and Allowance for Loan _7

Loans and Allowance for Loan Losses - Impaired Loans by Portfolio Segment (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	$ 1,219		$ 1,245
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	1,327		1,325
Impaired Financing Receivable, with Related Allowance, Recorded Investment	390		231
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	398		239
Impaired Financing Receivable, with Related Allowance, Related Allowance	90		94
Average Recorded Investment	1,802	$ 2,875
Interest Income	8	14
Interest Foregone on Impaired Loans [Abstract]
Interest income that would have been recognized had impaired loans performed in accordance with their original terms	32	82
Less: interest income recognized on impaired loans on a cash basis	(8)	(47)
Interest income foregone on impaired loans	24	35
Real Estate | Commercial property
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	0	314
Interest Income	0	0
Real Estate | Residential property
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment			302
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance			303
Impaired Financing Receivable, with Related Allowance, Recorded Investment			0
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance			0
Impaired Financing Receivable, with Related Allowance, Related Allowance			0
Average Recorded Investment	151	730
Interest Income	0	0
Real Estate | SBA property
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	1,100		802
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	1,188		854
Impaired Financing Receivable, with Related Allowance, Recorded Investment	221		52
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	220		50
Impaired Financing Receivable, with Related Allowance, Related Allowance	1		1
Average Recorded Investment	1,347	1,187
Interest Income	6	5
Commercial and Industrial | Commercial term
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	57		68
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	57		69
Impaired Financing Receivable, with Related Allowance, Recorded Investment	0		0
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	0		0
Impaired Financing Receivable, with Related Allowance, Related Allowance	0		0
Average Recorded Investment	62	188
Interest Income	1	3
Commercial and Industrial | Commercial lines of credit
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	0	6
Interest Income	0	0
Commercial and Industrial | SBA commercial term
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	62		73
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	82		99
Impaired Financing Receivable, with Related Allowance, Recorded Investment	169		179
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	178		189
Impaired Financing Receivable, with Related Allowance, Related Allowance	89		$ 93
Average Recorded Investment	242	450
Interest Income	$ 1	$ 6

Loans and Allowance for Loan _8

Loans and Allowance for Loan Losses - Troubled Debt Restructurings (Details)	3 Months Ended
	Mar. 31, 2019USD ($)loan	Mar. 31, 2018loan	Dec. 31, 2018USD ($)
Loans Modified as TDRs as of Period End [Abstract]
Accruing	$ 412,000		$ 432,000
Nonaccrual	127,000		131,000
Total	$ 539,000		563,000
Loans Modified as TDRs During the Period [Abstract]
Number of new loans modified as TDRs | loan	0	0
Number of commitments to lend to customers with outstanding loans that were classified as TDRs	$ 0		0
Allowance for loan losses	84,000		86,000
Real Estate | SBA property
Loans Modified as TDRs as of Period End [Abstract]
Accruing	310,000		315,000
Nonaccrual	0		0
Total	310,000		315,000
Commercial and Industrial | Commercial term
Loans Modified as TDRs as of Period End [Abstract]
Accruing	57,000		68,000
Nonaccrual	0		0
Total	57,000		68,000
Commercial and Industrial | SBA commercial term
Loans Modified as TDRs as of Period End [Abstract]
Accruing	45,000		49,000
Nonaccrual	127,000		131,000
Total	$ 172,000		$ 180,000

Loans and Allowance for Loan _9

Loans and Allowance for Loan Losses - Loans Held-For-Sale (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-sale	$ 3,915,000		$ 5,781,000
Real Estate | Residential property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Transfer of loans to held-for-sale	303,000
Sales or purchases of loans held-for-investment	0	$ 0
Real Estate | SBA property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-sale	3,680,000		5,481,000
Commercial and Industrial | Commercial property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Transfer of loans to held-for-sale		$ 1,100,000
Commercial and Industrial | SBA commercial term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-sale	$ 235,000		$ 300,000

Servicing Assets - Narrative (D

Servicing Assets - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Transfers and Servicing [Abstract]
Total servicing assets	$ 7,485		$ 7,666
Loans sold with servicing rights retained	21,200	$ 29,900
Net gain on sale	1,100	2,000
Loan servicing income	$ 631	$ 626

Servicing Assets - Summary of K

Servicing Assets - Summary of Key Assumptions in Fair Value Calculations (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
Servicing Assets at Fair Value [Line Items]
Carrying amount	$ 7,485	$ 7,666
Residential property
Servicing Assets at Fair Value [Line Items]
Carrying amount	221	244	$ 290	$ 308
Fair value	$ 264	$ 298
Discount rate	11.25%	11.25%
Prepayment speed	26.00%	25.00%
Weighted average remaining life	24 years 11 months 16 days	25 years 1 month 29 days
Underlying loans being serviced	$ 41,783	$ 45,728
SBA Property
Servicing Assets at Fair Value [Line Items]
Carrying amount	6,277	6,349	7,375	7,369
Fair value	$ 7,114	$ 6,937
Discount rate	13.25%	13.25%
Prepayment speed	13.95%	14.12%
Weighted average remaining life	21 years 28 days	21 years 1 month 9 days
Underlying loans being serviced	$ 375,154	$ 367,856
SBA Commercial Term
Servicing Assets at Fair Value [Line Items]
Carrying amount	987	1,073	$ 1,225	$ 1,296
Fair value	$ 1,146	$ 1,206
Discount rate	12.75%	12.75%
Prepayment speed	13.18%	13.55%
Weighted average remaining life	7 years 3 months 14 days	7 years 4 months 19 days
Underlying loans being serviced	$ 88,483	$ 93,073

Servicing Assets - Summary of C

Servicing Assets - Summary of Changes in Servicing Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance at beginning of period	$ 7,666
Amortization	(516)	$ (593)
Balance at end of period	7,485
Residential property
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance at beginning of period	244	308
Additions	0	0
Amortization	(23)	(18)
Impairment	0	0
Balance at end of period	221	290
SBA Property
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance at beginning of period	6,349	7,369
Additions	284	436
Amortization	(356)	(430)
Impairment	0	0
Balance at end of period	6,277	7,375
SBA Commercial Term
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance at beginning of period	1,073	1,296
Additions	51	74
Amortization	(137)	(145)
Impairment	0	0
Balance at end of period	$ 987	$ 1,225

Operating Leases - Narrative (D

Operating Leases - Narrative (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Jan. 01, 2019	Dec. 31, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Right-of-use lease assets	$ 9,132
Operating lease liabilities	$ 10,133
Minimum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Renewal term	1 year
Maximum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Renewal term	5 years
ASU 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Right-of-use lease assets		$ 9,600	$ 9,600
Operating lease liabilities		$ 10,600	10,600
Cumulative effect adjustment to retained earnings			53
ASU 2016-02 | Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect adjustment to retained earnings			$ 53

Operating Leases - Operating Le

Operating Leases - Operating Lease Cost and Supplemental Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Leases [Abstract]
Operating lease cost	$ 624
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	650
Right of use assets obtained in exchange for lease obligations	65	$ 0
Operating leases:
Operating lease assets	9,132
Operating lease liabilities	$ 10,133
Weighted-average remaining lease term	4 years 11 months 16 days
Weighted-average discount rate	2.85%

Operating Leases - Maturities o

Operating Leases - Maturities of Operating Lease Liabilities (Details) $ in Thousands	Mar. 31, 2019USD ($)
Maturities:
2019	$ 1,871
2020	2,436
2021	2,056
2022	1,938
2023	1,624
After 2023	1,130
Total lease payment	11,055
Imputed Interest	(922)
Present value of operating lease liabilities	$ 10,133

Federal Home Loan Bank Advanc_2

Federal Home Loan Bank Advances and Other Borrowings (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Borrowings from the FHLB	$ 30,000,000	$ 30,000,000
Weighted average interest rate	1.81%	1.81%
Loans pledged to secure borrowings	$ 571,100,000	$ 523,400,000
Additional borrowing capacity	394,300,000	386,000,000
FHLB of San Francisco
Debt Instrument [Line Items]
Investment in capital stock of the FHLB	7,300,000	$ 7,300,000
FHLB Advances
Debt Instrument [Line Items]
Unused borrowing capacity	39,600,000
Loans pledged as collateral	44,400,000
Borrowings outstanding	0
Overnight federal funds lines, maximum borrowing capacity	$ 60,000,000
FHLB Advances | Minimum
Debt Instrument [Line Items]
Maturity term	2 years	2 years
FHLB Advances | Maximum
Debt Instrument [Line Items]
Maturity term	5 years	5 years

Shareholders_ Equity - Narrativ

Shareholders’ Equity - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	Sep. 05, 2018	Aug. 14, 2018	Mar. 31, 2019	Mar. 31, 2018
Class of Stock [Line Items]
Stock issued under stock offering, net of expenses			$ 45
Cash dividends declared (in dollars per share)			$ 0.05	$ 0.03
Initial Public Offering
Class of Stock [Line Items]
Stock issued under stock offering, net of expenses (in shares)		2,385,000
Offering price (in dollars per share)		$ 20
Net proceeds from issuance of common stock		$ 47.7
Underwriter Option
Class of Stock [Line Items]
Stock issued under stock offering, net of expenses (in shares)	123,234
Net proceeds from issuance of common stock	$ 2.5
Underwriter option term		30 days
Underwriter option, shares issuable (in shares)		357,750

Shareholders_ Equity - Schedule

Shareholders’ Equity - Schedule of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Unrealized loss on securities available-for-sale:
Beginning balance	$ 210,296	$ 142,184
Other comprehensive income (loss)
Total other comprehensive income (loss), net of tax	827	(1,025)
Balance at end of period	217,211	147,233
Unrealized gains or losses on securities available-for-sale
Unrealized loss on securities available-for-sale:
Beginning balance	(1,647)	(1,223)
Other comprehensive income (loss)
Unrealized gain (loss) arising during the period	1,172	(1,445)
Tax effect of current period changes	(345)	420
Total other comprehensive income (loss), net of tax	827	(1,025)
Balance at end of period	$ (820)	$ (2,248)

Share-Based Compensation - Narr

Share-Based Compensation - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Jul. 25, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 161	$ 182
Realized income tax benefits related to share-based compensation	11	$ 17
Unrecognized share-based compensation expense on outstanding stock options	$ 1,400
Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Authorized options to purchase (in shares)			1,114,446
Shares available for future grants (in shares)	586,576
Weighted average recognition period for recognition of share-based compensation expense	2 years 4 months 13 days
Award contractual term	10 years
Option | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	3 years
Option | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	5 years

Share-Based Compensation - Opti

Share-Based Compensation - Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options, Outstanding at beginning of period (in shares)	898,291
Options, Granted (in shares)	10,000
Options, Exercised (in shares)	(33,397)
Options, Outstanding at end of year (in shares)	874,894	898,291
Options, Exercisable (in shares)	530,121
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Weighted-Average Exercise Price Per Share, Outstanding at beginning of period (in dollars per share)	$ 9.81
Weighted-Average Exercise Price Per Share, Granted (in dollars per share)	17.47
Weighted-Average Exercise Price Per Share, Exercised (in dollars per share)	6.49
Weighted-Average Exercise Price Per Share, Outstanding at ending of period (in dollars per share)	10.03	$ 9.81
Weighted-Average Exercise Price Per Share, Exercisable (in dollars per share)	$ 8.60
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Weighted-Average Contractual Term, Outstanding	6 years 4 months 24 days	6 years 6 months 17 days
Weighted-Average Contractual Term, Granted	10 years
Weighted-Average Contractual Term, Exercised	4 years 9 months 18 days
Weighted-Average Contractual Term, Exercisable	5 years 8 months 9 days
Aggregate Intrinsic Value, Balance	$ 6,493	$ 5,243
Aggregate Intrinsic Value, Exercisable	$ 4,693

Share-Based Compensation - Nonv

Share-Based Compensation - Nonvested Options (Details)	3 Months Ended
	Mar. 31, 2019$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Number of Shares [Roll Forward]
Unvested Options, Outstanding at beginning of period (in shares) | shares	347,274
Unvested Options, Granted (in shares) | shares	10,000
Unvested Options, Vested (in shares) | shares	(12,501)
Unvested Options, Outstanding at end of period (in shares) | shares	344,773
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Weighted-Average Exercise Price Per Share, Outstanding (in dollars per share) | $ / shares	$ 12.17
Weighted-Average Exercise Price Per Share, Granted (in dollars per share) | $ / shares	17.47
Weighted-Average Exercise Price Per Share, Vested (in dollars per share) | $ / shares	14.75
Weighted-Average Exercise Price Per Share, Outstanding (in dollars per share) | $ / shares	$ 12.23

Income Taxes (Details)

Income Taxes (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Income tax expense	$ 2,794,000	$ 2,666,000
Effective tax rate	29.90%	29.90%
Unrecognized tax benefits	$ 0		$ 0
Accrued interest or penalties	$ 0		$ 0

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Basic earnings per share:
Net income	$ 6,564	$ 6,264
Weighted-average common shares outstanding (in shares)	15,999,464	13,418,259
Basic earnings per share (in dollars per share)	$ 0.41	$ 0.47
Diluted earnings per share:
Net income	$ 6,564	$ 6,264
Weighted-average common shares outstanding (in shares)	15,999,464	13,418,259
Diluted effect of stock options (in shares)	271,805	168,500
Diluted weighted-average common shares outstanding (in shares)	16,271,269	13,586,759
Diluted earnings per share (in shares)	$ 0.40	$ 0.46
Stock options excluded in computing diluted earnings per share	15,000	0

Commitments and Contingencies_2

Commitments and Contingencies (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Other Commitments [Line Items]
Outstanding financial commitments whose contractual amount represents credit risk	$ 143,321	$ 130,918
Operating lease commitments	11,100	11,300
SEC Schedule, 12-09, Reserve, Off-balance Sheet Activity
Other Commitments [Line Items]
Reserve for off-balance sheet items	136	139
Commitments to extend credit
Other Commitments [Line Items]
Outstanding financial commitments whose contractual amount represents credit risk	140,012	127,443
Standby letters of credit
Other Commitments [Line Items]
Outstanding financial commitments whose contractual amount represents credit risk	2,860	2,998
Commercial letters of credit
Other Commitments [Line Items]
Outstanding financial commitments whose contractual amount represents credit risk	$ 449	$ 477

Regulatory Matters (Details)

Regulatory Matters (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Pacific City Financial Corporation
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Capital conservation buffer	9.53%	9.31%
Actual
Common tier 1 capital (to risk-weighted assets), amount	$ 217,045	$ 210,871
Common tier 1 capital (to risk-weighted assets), ratio	16.52%	16.28%
Total capital (to risk-weighted assets), amount	$ 230,318	$ 224,178
Total capital (to risk-weighted assets), ratio	17.53%	17.31%
Tier 1 capital (to risk-weighted assets), amount	$ 217,045	$ 210,871
Tier 1 capital (to risk-weighted assets), ratio	16.52%	16.28%
Tier 1 capital (to average assets), amount	$ 217,045	$ 210,871
Tier 1 capital (to average assets), ratio	12.83%	12.60%
Minimum Capital Requirement
Common tier 1 capital (to risk-weighted assets), amount	$ 59,108	$ 58,273
Common tier 1 capital (to risk-weighted assets), ratio	4.50%	4.50%
Total capital (to risk-weighted assets), amount	$ 105,081	$ 103,596
Total capital (to risk-weighted assets), ratio	8.00%	8.00%
Tier 1 capital (to risk-weighted assets), amount	$ 78,811	$ 77,697
Tier 1 capital (to risk-weighted assets), ratio	6.00%	6.00%
Tier 1 capital (to average assets), amount	$ 67,670	$ 66,930
Tier 1 capital (to average assets), ratio	4.00%	4.00%
Pacific City Bank
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Capital conservation buffer	9.42%	9.21%
Actual
Common tier 1 capital (to risk-weighted assets), amount	$ 215,492	$ 209,587
Common tier 1 capital (to risk-weighted assets), ratio	16.41%	16.19%
Total capital (to risk-weighted assets), amount	$ 228,765	$ 222,894
Total capital (to risk-weighted assets), ratio	17.42%	17.21%
Tier 1 capital (to risk-weighted assets), amount	$ 215,492	$ 209,587
Tier 1 capital (to risk-weighted assets), ratio	16.41%	16.19%
Tier 1 capital (to average assets), amount	$ 215,492	$ 209,587
Tier 1 capital (to average assets), ratio	12.74%	12.53%
Minimum Capital Requirement
Common tier 1 capital (to risk-weighted assets), amount	$ 59,106	$ 58,272
Common tier 1 capital (to risk-weighted assets), ratio	4.50%	4.50%
Total capital (to risk-weighted assets), amount	$ 105,077	$ 103,594
Total capital (to risk-weighted assets), ratio	8.00%	8.00%
Tier 1 capital (to risk-weighted assets), amount	$ 78,808	$ 77,696
Tier 1 capital (to risk-weighted assets), ratio	6.00%	6.00%
Tier 1 capital (to average assets), amount	$ 67,668	$ 66,929
Tier 1 capital (to average assets), ratio	4.00%	4.00%
To Be Well Capitalized Under Prompt Corrective Provisions
Common tier 1 capital (to risk-weighted assets), amount	$ 85,375	$ 84,171
Common tier 1 capital (to risk-weighted assets), ratio	6.50%	6.50%
Total capital (to risk-weighted assets), amount	$ 131,346	$ 129,493
Total capital (to risk-weighted assets), ratio	10.00%	10.00%
Tier 1 capital (to risk-weighted assets), amount	$ 105,077	$ 103,594
Tier 1 capital (to risk-weighted assets), ratio	8.00%	8.00%
Tier 1 capital (to average assets), amount	$ 84,585	$ 83,661
Tier 1 capital (to average assets), ratio	5.00%	5.00%

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Disaggregation of Revenue [Line Items]
Total noninterest income in-scope of Topic 606	$ 588	$ 565
Total service charges and fees on deposits
Disaggregation of Revenue [Line Items]
Total noninterest income in-scope of Topic 606	364	349
Monthly service fees
Disaggregation of Revenue [Line Items]
Total noninterest income in-scope of Topic 606	28	25
Account analysis fees
Disaggregation of Revenue [Line Items]
Total noninterest income in-scope of Topic 606	227	235
Non-sufficient funds charges
Disaggregation of Revenue [Line Items]
Total noninterest income in-scope of Topic 606	86	67
Other deposit related fees
Disaggregation of Revenue [Line Items]
Total noninterest income in-scope of Topic 606	23	22
Debit card fees
Disaggregation of Revenue [Line Items]
Total noninterest income in-scope of Topic 606	65	45
Gain (loss) on sale of other real estate owned
Disaggregation of Revenue [Line Items]
Total noninterest income in-scope of Topic 606	0	3
Wire transfer fees
Disaggregation of Revenue [Line Items]
Total noninterest income in-scope of Topic 606	109	104
Other service charges
Disaggregation of Revenue [Line Items]
Total noninterest income in-scope of Topic 606	$ 50	$ 64

Subsequent Events (Details)

Subsequent Events (Details) - $ / shares	Apr. 25, 2019	Mar. 31, 2019	Mar. 31, 2018
Subsequent Event [Line Items]
Cash dividends declared on common stock (in dollars per share)		$ 0.05	$ 0.03
Subsequent Event
Subsequent Event [Line Items]
Cash dividends declared on common stock (in dollars per share)	$ 0.06