PCB Bancorp (PCB) 10-Q 11 May 20 2020 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2020	Apr. 30, 2020
Document and Entity Information [Abstract]
Entity Registrant Name	PCB Bancorp
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		15,376,498
Amendment Flag	false
Entity Central Index Key	0001423869
Entity Filer Category	Accelerated Filer
Document Period End Date	Mar. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Entity emerging growth company	true
Entity small business	true
Transition period	true
Entity current reporting status	Yes
Entity Interactive Data Current	Yes
Entity shell company	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Assets
Cash and due from banks	$ 14,880	$ 17,808
Interest-bearing deposits in other financial institutions	174,039	128,420
Total cash and cash equivalents	188,919	146,228
Securities available-for-sale, at fair value	98,568	97,566
Securities held-to-maturity, at amortized cost (fair value of $20,449 at March 31, 2020 and $20,480, at December 31, 2019)	19,711	20,154
Total investment securities	118,279	117,720
Loans held-for-sale	16,191	1,975
Loans held-for-investment, net of deferred loan costs (fees)	1,451,038	1,450,831
Allowance for loan losses	(16,674)	(14,380)
Net loans held-for-investment	1,434,364	1,436,451
Premises and equipment, net	4,797	3,760
Federal Home Loan Bank and other restricted stock, at cost	8,345	8,345
Other real estate owned, net	376	0
Deferred tax assets, net	5,140	5,288
Servicing assets	6,358	6,798
Operating lease assets	8,393	8,991
Accrued interest receivable and other assets	8,775	10,772
Total assets	1,799,937	1,746,328
Deposits:
Noninterest-bearing demand	394,084	360,039
Savings, NOW and money market accounts	374,033	362,179
Time deposits of $250,000 or less	442,355	467,363
Time deposits of more than $250,000	266,970	289,726
Total deposits	1,477,442	1,479,307
Federal Home Loan Bank advances	80,000	20,000
Operating lease liabilities	9,349	9,990
Accrued interest payable and other liabilities	9,021	10,197
Total liabilities	1,575,812	1,519,494
Commitments and contingent liabilities
Preferred stock, 10,000,000 shares authorized, no par value, no issued and outstanding shares	0	0
Common stock, 60,000,000 shares authorized, no par value; 15,370,086 and 15,707,016 shares issued and outstanding, respectively, and included 38,400 and 37,400 shares of unvested restricted stock, respectively, at March 31, 2020 and December 31, 2019	163,532	169,221
Retained earnings	59,702	57,670
Accumulated other comprehensive income (loss), net	891	(57)
Total shareholders’ equity	224,125	226,834
Total liabilities and shareholders’ equity	$ 1,799,937	$ 1,746,328

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Securities held-to-maturity, fair value	$ 20,449	$ 20,480
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)	15,370,086	15,707,016
Common stock, outstanding (in shares)	15,370,086	15,707,016
Unvested restricted stock (in shares)	224,177	246,317
Restricted stock awards
Unvested restricted stock (in shares)	38,400	37,400

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Interest income:
Interest and fees on loans	$ 20,406	$ 20,934
Interest on tax-exempt investment securities	38	39
Interest on investment securities	606	1,054
Interest and dividends on other interest-earning assets	610	925
Total interest income	21,660	22,952
Interest expense:
Interest on deposits	4,992	5,665
Interest on borrowings	102	134
Total interest expense	5,094	5,799
Net interest income	16,566	17,153
Provision (reversal) for loan losses	2,896	(85)
Net interest income after provision for loan losses	13,670	17,238
Noninterest income:
Service charges and fees on deposits	639	588
Loan servicing income	554	631
Gain on sale of loans	725	1,120
Other income	357	294
Total noninterest income	2,026	2,409
Noninterest expense:
Salaries and employee benefits	6,551	6,622
Occupancy and equipment	1,380	1,313
Professional fees	797	758
Marketing and business promotion	179	228
Data processing	358	318
Director fees and expenses	221	189
Regulatory assessments	219	116
Other expenses	862	745
Total noninterest expense	10,567	10,289
Income before income taxes	5,129	9,358
Income tax expense	1,557	2,794
Net income	$ 3,572	$ 6,564
Earnings per common share, basic (in dollars per share)	$ 0.23	$ 0.41
Earnings per common share, diluted (in dollars per share)	$ 0.23	$ 0.40
Weighted-average common shares outstanding, basic (in shares)	15,505,699	15,999,464
Weighted-average common shares outstanding, diluted (in shares)	15,700,144	16,271,269
Service charges and fees on deposits
Noninterest income:
Service charges and fees on deposits	$ 390	$ 364

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 3,572	$ 6,564
Other comprehensive income:
Unrealized gain on securities available-for-sale arising during the period	1,342	1,172
Income tax benefit related to items of other comprehensive income	(394)	(345)
Total other comprehensive income, net of tax	948	827
Total comprehensive income	$ 4,520	$ 7,391

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock	Retained Earnings	Accumulated Other Comprehensive Income (Loss)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative effect adjustment upon adoption of new lease accounting standard	$ (53)		$ (53)
Stockholders' equity, adjusted beginning balance	210,243	$ 174,366	37,524	$ (1,647)
Beginning balance (in shares) at Dec. 31, 2018		15,977,754
Beginning balance at Dec. 31, 2018	210,296	$ 174,366	37,577	(1,647)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	6,564		6,564
Other comprehensive income, net of tax	827			827
Share-based compensation expense	161	$ 161
Stock options exercised (in shares)		33,397
Stock options exercised	216	$ 216
Cash dividends declared on common stock	(800)		(800)
Balance at end of period at Mar. 31, 2019	$ 217,211	$ 174,743	43,288	(820)
Ending balance (in shares) at Mar. 31, 2019		16,011,151
Beginning balance (in shares) at Dec. 31, 2019	15,707,016	15,707,016
Beginning balance at Dec. 31, 2019	$ 226,834	$ 169,221	57,670	(57)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	3,572		3,572
Other comprehensive income, net of tax	948			948
Issuance of restricted stock (in shares)		1,000
Repurchase of common stock (in shares)		(428,474)
Repurchase of common stock	(6,487)	$ (6,487)
Share-based compensation expense	$ 194	$ 194
Stock options exercised (in shares)	90,544	90,544
Stock options exercised	$ 604	$ 604
Cash dividends declared on common stock	(1,540)		(1,540)
Balance at end of period at Mar. 31, 2020	$ 224,125	$ 163,532	$ 59,702	$ 891
Ending balance (in shares) at Mar. 31, 2020	15,370,086	15,370,086

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Statement of Stockholders' Equity [Abstract]
Cash dividends declared (in dollars per share)	$ 0.10	$ 0.05

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Cash flows from operating activities
Net income	$ 3,572	$ 6,564
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation of premises and equipment	367	373
Net amortization of premiums on securities	189	188
Net accretion of discounts on loans	(1,028)	(858)
Net accretion of deferred loan costs (fees)	(121)	(78)
Amortization of servicing assets	604	516
Provision (reversal) for loan losses	2,896	(85)
Deferred tax benefit	(246)	(219)
Stock-based compensation	194	161
Gain on sale of loans	(725)	(1,120)
Originations of loans held-for-sale	(26,686)	(21,451)
Proceeds from sales of and principal collected on loans held-for-sale	14,110	24,722
Change in accrued interest receivable and other assets	1,954	1,026
Change in accrued interest payable and other liabilities	(1,458)	296
Net cash provided by (used in) operating activities	(6,378)	10,035
Cash flows from investing activities
Purchase of securities available-for-sale	(7,526)	(1,967)
Proceeds from maturities, calls, and paydowns of securities available-for-sale	7,703	5,634
Purchase of securities held-to-maturity	0	(2,150)
Proceeds from maturities and paydowns of securities held-to-maturity	417	554
Proceeds from sale of loans held-for-sale previously classified as held-for-investment	664	303
Net change in loans held-for-investment	(1,497)	(4,472)
Purchases of premises and equipment	(1,404)	(44)
Net cash used in investing activities	(1,643)	(2,142)
Cash flows from financing activities
Net increase (decrease) in deposits	(1,865)	4,005
Proceeds from long-term Federal Home Loan Bank advances	60,000	0
Stock options exercised	604	216
Repurchase of common stock	(6,487)	0
Cash dividends paid on common stock	(1,540)	(800)
Net cash provided by financing activities	50,712	3,421
Net increase in cash and cash equivalents	42,691	11,314
Cash and cash equivalents at beginning of period	146,228	162,273
Cash and cash equivalents at end of period	188,919	173,587
Supplemental disclosures of cash flow information:
Interest paid	6,874	7,412
Income taxes paid	18	7
Supplemental disclosures of non-cash investment activities:
Loans transferred to loans held-for-sale	1,355	303
Loans transferred to other real estate owned	54	50
Right of use assets obtained in exchange for lease obligations	$ 38	$ 65

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies	3 Months Ended
	Mar. 31, 2020
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 PCB Bancorp (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 Company changed its corporate name from “Pacific City Financial Corporation” to “PCB Bancorp” in July 2019. 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 Englewood Cliffs, 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, 2019 filed by the Company with the SEC. The December 31, 2019 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, 2019 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, 2020 are not necessarily indicative of the results that may be expected for the year ending December 31, 2020. Principles of Consolidation The consolidated financial statements include the accounts of PCB Bancorp and its wholly owned subsidiary as of March 31, 2020 and December 31, 2019 and for the three and three months ended March 31, 2020 and 2019 . 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, 2019 filed with the SEC. 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, 2020 , there were no significant accounting pronouncements applicable to the Company that became effective. Recent Accounting Pronouncements Not Yet Adopted The following is recently issued accounting pronouncements applicable to the Company that has not yet been adopted: In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“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. In 2019, the FASB amended this ASU, which delays the effective date to 2023 for certain SEC filers that are Smaller Reporting Companies, which would apply to the Company. The Company plans to adopt this ASU at the delayed effective date of January 1, 2023.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Accounting Standards Codification (“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, 2020 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ — $ 44,965 $ — $ 44,965 Residential collateralized mortgage obligations — 39,396 — 39,396 SBA loan pool securities — 13,431 — 13,431 Municipal bonds — 776 — 776 Total securities available-for-sale — 98,568 — 98,568 Total assets measured at fair value on a recurring basis $ — $ 98,568 $ — $ 98,568 Total liabilities measured at fair value on a recurring basis $ — $ — $ — $ — December 31, 2019 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ — $ 38,738 $ — $ 38,738 Residential collateralized mortgage obligations — 43,894 — 43,894 SBA loan pool securities — 14,152 — 14,152 Municipal bonds — 782 — 782 Total securities available-for-sale — 97,566 — 97,566 Total assets measured at fair value on a recurring basis $ — $ 97,566 $ — $ 97,566 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, 2020 Impaired loans: SBA property $ — $ — $ 294 $ 294 Commercial lines of credit — — 1,855 1,855 SBA commercial term — — 25 25 Total impaired loans — — 2,174 2,174 Total assets measured at fair value on a non-recurring basis $ — $ — $ 2,174 $ 2,174 Total liabilities measured at fair value on a non-recurring basis $ — $ — $ — $ — December 31, 2019 Impaired loans: SBA property $ — $ — $ 116 $ 116 Commercial lines of credit — — 1,562 1,562 Total impaired loans — — 1,678 1,678 Total assets measured at fair value on a non-recurring basis $ — $ — $ 1,678 $ 1,678 Total liabilities measured at fair value on a non-recurring basis $ — $ — $ — $ — The following table presents quantitative information about level 3 fair value measurements for assets measured at fair value on a non-recurring basis as of the dates indicated: ($ in thousands) Fair Value Valuation Technique(s) Unobservable Input(s) Range (Weighted-Average) March 31, 2020 Impaired loans: SBA property $ 294 Fair value of collateral NM NM Commercial lines of credit $ 1,855 Sales comparison approach Adjustment for differences between the comparable estate sales -14% to 26% (-0.35%) Income approach Adjustment for differences in net operating income expectations -4% to -11% (-6.20%) Capitalization rate 5% SBA commercial term $ 25 Fair value of collateral NM NM December 31, 2019 Impaired loans: SBA property $ 116 Fair value of collateral NM NM Commercial lines of credit $ 1,562 Sales comparison approach Adjustment for differences between the comparable estate sales -4% to 26% (0.86%) Income approach Adjustment for differences in net operating income expectations -4% to -11% (-6.20%) Capitalization rate 5.0% 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) 2020 2019 Collateral dependent impaired loans: SBA property $ (27 ) $ (2 ) Commercial lines of credit (506 ) — SBA commercial term (164 ) — Net losses recognized $ (697 ) $ (2 ) 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, 2020 Financial assets: Interest-bearing deposits in other financial institutions $ 174,039 $ 174,039 $ 174,039 $ — $ — Securities available-for-sale 98,568 98,568 — 98,568 — Securities held-to-maturity 19,711 20,449 — 20,449 — Loans held-for-sale 16,191 17,069 — 17,069 — Net loans held-for-investment 1,434,364 1,443,023 — — 1,443,023 FHLB and other restricted stock 8,345 N/A N/A N/A N/A Accrued interest receivable 4,706 4,706 3 332 4,371 Financial liabilities: Deposits $ 1,477,442 $ 1,499,580 $ — $ — $ 1,499,580 FHLB advances 80,000 80,248 — 80,248 — Accrued interest payable 4,224 4,224 — 2 4,222 December 31, 2019 Financial assets: Interest-bearing deposits in other financial institutions $ 128,420 $ 128,420 $ 128,420 $ — $ — Securities available-for-sale 97,566 97,566 — 97,566 — Securities held-to-maturity 20,154 20,480 — 20,480 — Loans held-for-sale 1,975 2,102 — 2,102 — Net loans held-for-investment 1,436,451 1,449,383 — — 1,449,383 FHLB and other restricted stock 8,345 N/A N/A N/A N/A Accrued interest receivable 5,136 5,136 78 375 4,683 Financial liabilities: Deposits $ 1,479,307 $ 1,468,540 $ — $ — $ 1,468,540 FHLB advances 20,000 20,092 — 20,092 — Accrued interest payable 6,004 6,004 — 1 6,003

Investment Securities

Investment Securities	3 Months Ended
	Mar. 31, 2020
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, 2020 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ 43,917 $ 1,076 $ (28 ) $ 44,965 Residential collateralized mortgage obligations 39,509 331 (444 ) 39,396 SBA loan pool securities 13,327 133 (29 ) 13,431 Municipal bonds 758 18 — 776 Total securities available-for-sale $ 97,511 $ 1,558 $ (501 ) $ 98,568 Securities held-to-maturity: U.S. government agency and U.S. government sponsored enterprise residential mortgage-backed securities $ 14,779 $ 388 $ — $ 15,167 Municipal bonds 4,932 350 — 5,282 Total securities held-to-maturity $ 19,711 $ 738 $ — $ 20,449 December 31, 2019 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ 38,793 $ 96 $ (151 ) $ 38,738 Residential collateralized mortgage obligations 44,115 36 (257 ) 43,894 SBA loan pool securities 14,179 34 (61 ) 14,152 Municipal bonds 764 18 — 782 Total securities available-for-sale $ 97,851 $ 184 $ (469 ) $ 97,566 Securities held-to-maturity: U.S. government agency and U.S. government sponsored enterprise residential mortgage-backed securities $ 15,215 $ 70 $ (81 ) $ 15,204 Municipal bonds 4,939 337 — 5,276 Total securities held-to-maturity $ 20,154 $ 407 $ (81 ) $ 20,480 As of March 31, 2020 and December 31, 2019 , pledged securities were $118.3 million and $99.3 million , respectively. These securities were pledged for the State Deposit from the California State Treasurer. The following table presents the amortized cost and fair value of the investment securities by contractual maturity as of March 31, 2020 . Expected maturities may differ from contractual maturities, if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately. Securities Available-For-Sale Securities Held-To-Maturity ($ in thousands) Amortized Cost Fair Value Amortized Cost Fair Value Within one year $ — $ — $ 101 $ 102 One to five years — — 2,217 2,280 Five to ten years 758 776 285 299 Greater than ten years — — 2,329 2,601 Residential mortgage-backed securities, residential collateralized mortgage obligations and SBA loan pool securities 96,753 97,792 14,779 15,167 Total $ 97,511 $ 98,568 $ 19,711 $ 20,449 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) 2020 2019 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 $ — $ — 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, 2020 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ 329 $ (8 ) 1 $ 1,329 $ (20 ) 2 $ 1,658 $ (28 ) 3 Residential collateralized mortgage obligations 6,253 (179 ) 5 14,070 (265 ) 11 20,323 (444 ) 16 SBA loan pool securities 1,587 (16 ) 2 1,785 (13 ) 3 3,372 (29 ) 5 Municipal bonds — — — — — — — — — Total securities available-for-sale $ 8,169 $ (203 ) 8 $ 17,184 $ (298 ) 16 $ 25,353 $ (501 ) 24 December 31, 2019 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ 5,401 $ (28 ) 5 $ 15,772 $ (123 ) 23 $ 21,173 $ (151 ) 28 Residential collateralized mortgage obligations 15,392 (52 ) 13 19,834 (205 ) 23 35,226 (257 ) 36 SBA loan pool securities 4,787 (38 ) 5 2,308 (23 ) 4 7,095 (61 ) 9 Total securities available-for-sale $ 25,580 $ (118 ) 23 $ 37,914 $ (351 ) 50 $ 63,494 $ (469 ) 73 Securities held-to-maturity: U.S. government agency and U.S. government sponsored enterprise residential mortgage-backed securities $ — $ — — $ 6,842 $ (81 ) 7 $ 6,842 $ (81 ) 7 Total securities held-to-maturity $ — $ — — $ 6,842 $ (81 ) 7 $ 6,842 $ (81 ) 7 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, 2020 and December 31, 2019 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, 2020 and December 31, 2019 . 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. 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, 2020 and 2019 .

Loans and Allowance for Loan Lo

Loans and Allowance for Loan Losses	3 Months Ended
	Mar. 31, 2020
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, 2020 December 31, 2019 Real estate loans: Commercial property $ 812,484 $ 803,014 Residential property 227,492 235,046 SBA property 125,322 129,837 Construction 19,178 19,164 Total real estate loans 1,184,476 1,187,061 Commercial and industrial loans: Commercial term 101,943 103,380 Commercial lines of credit 116,873 111,768 SBA commercial term 24,745 25,332 Total commercial and industrial loans 243,561 240,480 Other consumer loans 23,001 23,290 Loans held-for-investment 1,451,038 1,450,831 Allowance for loan losses (16,674 ) (14,380 ) Net loans held-for-investment $ 1,434,364 $ 1,436,451 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, 2020 and December 31, 2019 , the Company had $3.7 million and $3.8 million , respectively, of such loans outstanding. Allowance for Loan Losses Changes in international, national, regional, and local economic and business conditions and developments from the COVID-19 pandemic affected the potential collectability of the loan portfolio, including the condition of various market segments, and has resulted in an additional allowance for loan losses of $2.7 million at March 31, 2020 . The following table presents the activities in allowance for loan losses by portfolio segment, which is consistent with the Company’s methodology for determining allowance for loan losses, for the three months ended March 31, 2020 and 2019 : Three Months Ended ($ in thousands) Real Estate Commercial and Industrial Other Consumer Total Balance at January 1, 2020 $ 9,854 $ 4,354 $ 172 $ 14,380 Charge-offs (27 ) (675 ) (76 ) (778 ) Recoveries on loans previously charged off 56 91 29 176 Provision (reversal) for loan losses 2,065 779 52 2,896 Balance at March 31, 2020 $ 11,948 $ 4,549 $ 177 $ 16,674 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 for loan losses 218 (310 ) 7 (85 ) Balance at March 31, 2019 $ 9,324 $ 3,608 $ 205 $ 13,137 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, 2020 Allowance for loan losses: Individually evaluated for impairment $ 1 $ 15 $ — $ 16 Collectively evaluated for impairment 11,947 4,534 177 16,658 Total $ 11,948 $ 4,549 $ 177 $ 16,674 Loans receivable: Individually evaluated for impairment $ 2,088 $ 2,664 $ — $ 4,752 Collectively evaluated for impairment 1,182,388 240,897 23,001 1,446,286 Total $ 1,184,476 $ 243,561 $ 23,001 $ 1,451,038 December 31, 2019 Allowance for loan losses: Individually evaluated for impairment $ 4 $ 15 $ — $ 19 Collectively evaluated for impairment 9,850 4,339 172 14,361 Total $ 9,854 $ 4,354 $ 172 $ 14,380 Loans receivable: Individually evaluated for impairment $ 2,158 $ 2,401 $ — $ 4,559 Collectively evaluated for impairment 1,184,903 238,079 23,290 1,446,272 Total $ 1,187,061 $ 240,480 $ 23,290 $ 1,450,831 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 recorded investment in loans by portfolio segment as of dates indicated: ($ in thousands) Pass Special Mention Substandard Doubtful Total March 31, 2020 Real estate loans: Commercial property $ 811,849 $ — $ 635 $ — $ 812,484 Residential property 227,492 — — — 227,492 SBA property 122,005 72 3,245 — 125,322 Construction 19,178 — — — 19,178 Commercial and industrial loans: Commercial term 101,943 — — — 101,943 Commercial lines of credit 114,691 — 2,182 — 116,873 SBA commercial term 24,298 — 447 — 24,745 Other consumer loans 22,991 — 10 — 23,001 Total $ 1,444,447 $ 72 $ 6,519 $ — $ 1,451,038 December 31, 2019 Real estate loans: Commercial property $ 802,373 $ — $ 641 $ — $ 803,014 Residential property 235,046 — — — 235,046 SBA property 124,135 72 5,630 — 129,837 Construction 17,453 1,711 — — 19,164 Commercial and industrial loans: Commercial term 103,380 — — — 103,380 Commercial lines of credit 109,880 — 1,888 — 111,768 SBA commercial term 24,677 — 655 — 25,332 Other consumer loans 23,242 — 48 — 23,290 Total $ 1,440,186 $ 1,783 $ 8,862 $ — $ 1,450,831 Substandard SBA property loans included $115 thousand and $2.4 million of guaranteed portion by the U.S. government agency at March 31, 2020 and December 31, 2019 , respectively. Past Due and Nonaccrual Loans The following table presents the aging of past due recorded investment in accruing loans and nonaccrual loans by portfolio segment as of dates indicated: Still Accruing ($ 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, 2020 Real estate loans: Residential property $ 416 $ — $ — $ — $ 416 SBA property 946 — — 1,461 2,407 Commercial and industrial loans: Commercial lines of credit — — — 2,182 2,182 SBA commercial term 58 — — 430 488 Other consumer loans 164 46 — 10 220 Total $ 1,584 $ 46 $ — $ 4,083 $ 5,713 December 31, 2019 Real estate loans: Residential property $ — $ 697 $ — $ — $ 697 SBA property 794 — — 442 1,236 Commercial and industrial loans: Commercial lines of credit — — — 1,888 1,888 SBA commercial term — 189 287 159 635 Other consumer loans 99 39 — 48 186 Total $ 893 $ 925 $ 287 $ 2,537 $ 4,642 There were no nonaccrual loans guaranteed by a U.S. government agency at March 31, 2020 and December 31, 2019 . 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, 2020 Real estate loans: Commercial property $ 338 $ 337 $ — $ — $ — SBA property 1,631 1,743 119 150 1 Commercial and industrial loans: Commercial term 26 26 — — — Commercial lines of credit 2,181 2,182 — — — SBA commercial term 431 475 26 27 15 Total $ 4,607 $ 4,763 $ 145 $ 177 $ 16 December 31, 2019 Real estate loans: Commercial property $ 339 $ 338 $ — $ — $ — SBA property 1,699 1,828 120 154 4 Commercial and industrial loans: Commercial term 28 28 — — — Commercial lines of credit 1,888 1,888 — — — SBA commercial term 457 495 28 28 15 Total $ 4,411 $ 4,577 $ 148 $ 182 $ 19 The following table presents information on the recorded investment in impaired loans by portfolio segment for the three months ended March 31, 2020 and 2019 : Three Months Ended March 31, 2020 2019 ($ in thousands) Average Recorded Investment Interest Income Average Recorded Investment Interest Income Real estate loans: Commercial property $ 339 $ 5 $ — $ — Residential property — — 151 — SBA property 1,765 5 1,347 6 Commercial and industrial loans: Commercial term 27 — 62 1 Commercial lines of credit 2,433 — — — SBA commercial term 541 1 242 1 Total $ 5,105 $ 11 $ 1,802 $ 8 The following presents a summary of interest foregone on impaired loans for the periods indicated: Three Months Ended March 31, ($ in thousands) 2020 2019 Interest income that would have been recognized had impaired loans performed in accordance with their original terms $ 79 $ 32 Less: interest income recognized on impaired loans on a cash basis (11 ) (8 ) Interest income foregone on impaired loans $ 68 $ 24 Troubled Debt Restructurings The following table presents the composition of loans that were modified as TDRs by portfolio segment as of the dates indicated: March 31, 2020 December 31, 2019 ($ in thousands) Accruing Nonaccrual Total Accruing Nonaccrual Total Real estate loans: Commercial property $ 338 $ — $ 338 $ 339 $ — $ 339 SBA property 288 119 407 294 121 415 Commercial and industrial loans: Commercial term 26 — 26 28 — 28 SBA commercial term 27 26 53 39 — 39 Total $ 679 $ 145 $ 824 $ 700 $ 121 $ 821 The following table presents information on new loans that were modified as TDRs for the three months ended March 31, 2020 and 2019 : Three Months Ended March 31, 2020 2019 ($ in thousands) Number of Loans Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Number of Loans Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Commercial and industrial loans: SBA commercial term (1) 2 $ 37 $ 37 — $ — $ — Total 2 $ 37 $ 37 — $ — $ — (1) Modified by deferral of principal payment. The Company had no commitments to lend to customers with outstanding loans that were classified as TDRs as of March 31, 2020 and December 31, 2019 . 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 $16 thousand and $4 thousand of allowance for loan losses as of March 31, 2020 and December 31, 2019 , respectively. The following table presents information on loans that were modified as TDRs for which there was a payment default within twelve months following the modification for the three months ended March 31, 2020 and 2019 : Three Months Ended March 31, 2020 2019 ($ in thousands) Number of Loans Recorded Investment at Date of Default Number of Loans Recorded Investment at Date of Default Commercial and industrial loans: SBA commercial term 1 $ 26 — $ — Total 1 $ 26 — $ — Accommodations Related to Loan Modification from the Effects of the COVID-19 Pandemic On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) was enacted and, among other things, provided financial institutions the option to temporarily suspend certain requirements under U.S. GAAP related to TDRs for a limited period of time to account for the effect of the COVID-19 pandemic. Under the CARES Act, any modifications made from March 1, 2020 to the earlier of December 31, 2020 or the 60 th day after the end of the COVID-19 national emergency declared by the President to borrowers whose loan status were current prior to any relief are not treated as TDRs. As such, these loans would not be considered restructured for the purpose of risk-based capital rules, nor would they be reported as past due or nonaccrual during the period of the deferral for those loans. The modification completed during the three months ended March 31, 2020 were immaterial. Purchases, Sales, and Transfers The following table presents a summary of loans held-for-investment transferred to loans held-for-sale for the periods indicated: Three Months Ended March 31, ($ in thousands) 2020 2019 Real estate loans: Residential property $ 1,125 $ 303 Commercial and industrial loans: SBA commercial term 230 — Total $ 1,355 $ 303 The Company had no purchases of loans held-for-investment during the three months ended March 31, 2020 and 2019 . The Company had no sales of loans held-for-investment during the three months ended March 31, 2020 and 2019 . When the Company changes its intent to hold loans for investment, the loans are transferred to held-for-sale. Loans Held-For-Sale The following table presents a composition of loans held-for-sale as of the dates indicated: ($ in thousands) March 31, 2020 December 31, 2019 Real estate loans: Residential property $ 1,997 $ 760 SBA property 12,983 150 Commercial and industrial loans: SBA commercial term 1,211 1,065 Total $ 16,191 $ 1,975 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, 2020
Transfers and Servicing [Abstract]
Servicing Assets	Servicing Assets At March 31, 2020 and December 31, 2019 , total servicing assets were $6.4 million and $6.8 million , respectively. The Company sold loans of $11.5 million and $21.2 million , respectively, with the servicing rights retained and recognized a net gain on sale of $699 thousand and $1.1 million , respectively, during the three months ended March 31, 2020 and 2019 . Loan servicing income was $554 thousand and $631 thousand , respectively, for the three months ended March 31, 2020 and 2019 . The following table presents the composition of servicing assets with key assumptions used to estimate the fair value: March 31, 2020 December 31, 2019 ($ in thousands) Residential Property SBA Property SBA Commercial Term Residential Property SBA Property SBA Commercial Term Carrying amount $ 153 $ 5,448 $ 757 $ 171 $ 5,805 $ 822 Fair value $ 188 $ 6,254 $ 889 $ 200 $ 6,693 $ 976 Discount rate 11.25 % 13.25 % 12.75 % 11.25 % 13.25 % 12.75 % Prepayment speed 25.40 % 17.06 % 16.47 % 26.60 % 16.28 % 16.03 % Weighted average remaining life 26.6 years 21.1 years 7.0 years 24.2 years 21.3 years 7.0 years Underlying loans being serviced $ 29,500 $ 370,520 $ 78,728 $ 32,428 $ 384,007 $ 82,181 The following table presents activity in servicing assets for the three months ended March 31, 2020 and 2019 : Three Months Ended March 31, 2020 2019 ($ in thousands) Residential Property SBA Property SBA Commercial Term Residential Property SBA Property SBA Commercial Term Balance at beginning of period $ 171 $ 5,805 $ 822 $ 244 $ 6,349 $ 1,073 Additions — 122 42 — 284 51 Amortization (18 ) (479 ) (107 ) (23 ) (356 ) (137 ) Balance at end of period $ 153 $ 5,448 $ 757 $ 221 $ 6,277 $ 987

Operating Leases

Operating Leases	3 Months Ended
	Mar. 31, 2020
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 $53 thousand to retained earnings at the date of adoption. The Company made an election to include both the lease and non-lease components as a single component and account for it as a lease. The Company’s operating leases are for its headquarters office spaces, and retail branch and LPO locations. Most leases include one or more options to renew, with renewal terms that can extend the lease term from one to five years. The exercise of lease renewal option is at the Company’s sole discretion. Certain leases with an initial term of 12 months or less are not recorded on the balance sheet and lease expenses for these leases are recognized on a straight-line basis over the lease term. None of the Company’s lease agreements contain any material residual value guarantees or material restrictive covenants. The Company also leases certain equipment, such as copy machines and scanners, but they are determined to be immaterial. The following table presents operating lease cost and supplemental cash flow information related to leases for the periods indicated: Three Months Ended March 31, ($ in thousands) 2020 2019 Operating lease cost (1) $ 691 $ 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 $ 38 $ 65 (1) Included in Occupancy and Equipment on the Consolidated Statements of Income. The Company used the incremental borrowing rate based on the information available at lease commencement in determining the present value of lease payment. The following table presents supplemental balance sheet information related to leases as of the dates indicated: ($ in thousands) March 31, 2020 December 31, 2019 Operating leases: Operating lease assets $ 8,393 $ 8,991 Operating lease liabilities $ 9,349 $ 9,990 Weighted-average remaining lease term 4.8 years 5.0 years Weighted-average discount rate 2.72 % 2.81 % The following table presets maturities of operating lease liabilities as of March 31, 2020 : ($ in thousands) March 31, 2020 Maturities: 2020 $ 1,951 2021 2,297 2022 2,171 2023 1,828 2024 547 After 2024 1,351 Total lease payment 10,145 Imputed Interest (796 ) Present value of operating lease liabilities $ 9,349

Federal Home Loan Bank Advances

Federal Home Loan Bank Advances and Other Borrowings	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Federal Home Loan Bank Advances and Other Borrowings	Federal Home Loan Bank Advances and Other Borrowings FHLB Advances The Company had outstanding FHLB advances of $80.0 million and $20.0 million at March 31, 2020 and December 31, 2019 , respectively. FHLB advances consisted of fixed interest rates term borrowings of $80.0 million with original maturity terms ranging from 6 months to 5 years and weighted-average interest rate of 0.82% at March 31, 2020 . At December 31, 2019 , FHLB advances consisted of fixed interest rates term borrowings with original maturity terms ranging from 3 to 5 years and weighted-average interest rate of 1.92% . Each borrowing is payable at its maturity date. Borrowings paid early are subject to a prepayment penalty. At March 31, 2020 and December 31, 2019 , loans pledged to secure borrowings from the FHLB were $562.5 million and $621.7 million , respectively. The Company’s investment in capital stock of the FHLB of San Francisco totaled $8.2 million and $8.2 million , respectively, at March 31, 2020 and December 31, 2019 . The Company had additional borrowing capacity of $356.6 million and $404.8 million , respectively, from the FHLB as of March 31, 2020 and December 31, 2019 . Other Borrowing Arrangements At March 31, 2020 , the Company had $39.4 million of unused borrowing capacity from the Federal Reserve Discount Window, to which the Company pledged loans with a carrying value of $47.2 million with no outstanding borrowings. In addition, the Company may borrow up to approximately $35.0 million overnight federal funds lines with correspondent financial institutions at March 31, 2020 .

Shareholders_ Equity

Shareholders’ Equity	3 Months Ended
	Mar. 31, 2020
Equity [Abstract]
Shareholders’ Equity	Shareholders’ Equity Stock Repurchase On January 23, 2020, the Company announced that on November 22, 2019, its Board of Directors approved a $6.5 million stock repurchase program to commence upon the opening of the Company’s trading window for the first quarter of 2020 and continue through November 20, 2021. The Company completed the repurchase program in March 2020. The Company repurchased and retired 428,474 shares of common stock at a weighted-average price of $15.14 per share, totaling $6.5 million under this repurchase program. Change in Accumulated Other Comprehensive Income (Loss) Components of accumulated other comprehensive income (loss) consisted solely of the change in unrealized gains or losses on securities available-for-sale, net of taxes. Reclassifications from accumulated other comprehensive income (loss) are recorded in the Consolidated Statements of Income either as a gain or loss. The following table presents changes to accumulated other comprehensive income (loss) for the periods indicated: Three Months Ended March 31, ($ in thousands) 2020 2019 Unrealized gain (loss) on securities available-for-sale: Beginning balance $ (57 ) $ (1,647 ) Other comprehensive income Unrealized gain arising during the period 1,342 1,172 Tax effect of current period changes (394 ) (345 ) Total other comprehensive income 948 827 Balance at end of period $ 891 $ (820 )

Share-Based Compensation

Share-Based Compensation	3 Months Ended
	Mar. 31, 2020
Share-based Payment Arrangement [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 provides 1,114,446 shares of common stock for equity based compensation awards including incentive and non-qualified stock options and restricted stock awards. As of March 31, 2020 , there were 543,354 shares available for future grants. Share-Based Compensation Expense The following table presents share-based compensation expense and the related tax benefits for the periods indicated: Three Months Ended March 31, ($ in thousands) 2020 2019 Share-based compensation expense related to: Stock options $ 157 $ 161 Restricted stock awards 37 — Total share-based compensation expense $ 194 $ 161 Related tax benefits $ 8 $ 11 The following table presents unrecognized share-based compensation expense as of March 31, 2020 : ($ in thousands) Unrecognized Expense Weighted-Average Remaining Expected Recognition Period Unrecognized share-based compensation expense related to: Stock options $ 805 2.1 years Restricted stock awards 543 3.8 years Total unrecognized share-based compensation expense $ 1,348 2.8 years Stock Options The Company has issued stock options to certain employees, officers and directors. Stock options are issued with exercise prices of the closing market price of the Company’s stock on the grant date, and generally have a three -to five -year vesting period with contractual terms of ten years. The following table represents stock option activity for the three months ended March 31, 2020 : Three Months Ended March 31, 2020 ($ 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 829,376 $ 10.32 5.8 years $ 5,776 Exercised (90,544 ) $ 6.68 3.8 years Forfeited (4,840 ) $ 10.33 5.6 years Outstanding at end of period 733,992 $ 10.76 5.8 years $ (722 ) Exercisable at end of period 509,815 $ 9.65 5.2 years $ 64 The following table represents information regarding unvested stock options for the three months ended March 31, 2020 : Three Months Ended March 31, 2020 Number of Shares Weighted-Average Exercise Price Per Share Outstanding at beginning of period 246,317 $ 13.31 Vested (17,300 ) $ 14.47 Forfeited (4,840 ) $ 10.33 Outstanding at end of period 224,177 $ 13.29 Restricted Stock Awards The Company also has granted restricted stock awards (“RSAs”) to certain employees and officers. The RSAs are valued at the closing market price of the Company’s stock on the grant date and generally have a three -to five -year vesting period. The following table represents RSAs activity for the three months ended March 31, 2020 : Three Months Ended March 31, 2020 Number of Shares Weighted-Average Grant Date Fair Value Per Share Outstanding at beginning of period 37,400 $ 16.60 Granted 1,000 $ 13.72 Outstanding at end of period 38,400 $ 16.53

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income tax expense was $1.6 million and $2.8 million , respectively, and the effective tax rate was 30.4% and 29.9% , respectively, for the three months ended March 31, 2020 and 2019 . At March 31, 2020 and December 31, 2019 , the Company had no unrecognized tax benefits, or accrued interest or penalties. The Company and its subsidiaries are subject to U.S. federal and various state jurisdictions income tax examinations. As of March 31, 2020 , the Company is no longer subject to examination by taxing authorities for tax years before 2016 for federal taxes and before 2015 for various state jurisdictions. The statute of limitations vary by state, and state taxes other than California have been minimal and immaterial to the Company’s financial results.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The following table presents the computations of basic and diluted EPS for the periods indicated: Three Months Ended March 31, ($ in thousands, except per share) 2020 2019 Basic earnings per share: Net income $ 3,572 $ 6,564 Less: income allocated to unvested restricted stock (9 ) — Net income allocated to common stock $ 3,563 $ 6,564 Weighted-average total common shares outstanding 15,543,473 15,999,464 Less: weighted-average unvested restricted stock (37,774 ) — Weighted-average common shares outstanding, basic 15,505,699 15,999,464 Basic earnings per share $ 0.23 $ 0.41 Diluted earnings per share: Net income allocated to common stock $ 3,563 $ 6,564 Weighted-average common shares outstanding, basic 15,505,699 15,999,464 Diluted effect of stock options 194,445 271,805 Weighted-average common shares outstanding, diluted 15,700,144 16,271,269 Diluted earnings per share $ 0.23 $ 0.40 Stock options of 163,000 shares were excluded in computing diluted EPS because they were anti-dilutive for three months ended March 31, 2020 . For three months ended March 31, 2019 , there were 15,000 stock options excluded in computing diluted EPS because they were anti-dilutive.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2020
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, 2020 and December 31, 2019 , the Company had the following outstanding financial commitments whose contractual amount represents credit risk: ($ in thousands) March 31, 2020 December 31, 2019 Commitments to extend credit $ 177,787 $ 171,608 Standby letters of credit 3,350 3,300 Commercial letters of credit 483 292 Total $ 181,620 $ 175,200 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 $292 thousand and $301 thousand , respectively, at March 31, 2020 and December 31, 2019 , 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. 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. COVID-19 Pandemic The ongoing COVID-19 pandemic, and governmental and societal responses thereto, have had a severe impact on recent global economic and market conditions, including significant disruption of, and volatility in, financial markets; global supply chain disruptions; and the institution of social distancing and shelter-in-place requirements that have resulted in temporary closures of many businesses, lost revenues, and increased unemployment throughout the U.S., but also specifically in California, where most of the Company’s operations and a large majority of its customers are located. These conditions have impacted and are expected in the future to impact its business, results of operations, and financial condition negatively.

Regulatory Matters

Regulatory Matters	3 Months Ended
	Mar. 31, 2020
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 of 2.50% above the adequately capitalized risk-based capital ratios. Management believes as of March 31, 2020 and December 31, 2019 , 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 $3 billion asset level, it will again be subject to capital measurements independent of the Bank. For comparison purposes, the Company’s ratios are included in following discussion as well, all of which would have exceeded the “well-capitalized” level had the Company been subject to separate capital minimums. The Company and the Bank’s capital conservation buffer was 8.71% and 8.47% , respectively, as of March 31, 2020 , and 8.90% and 8.71% , respectively, as of December 31, 2019 . Unrealized gain or loss on securities available-for-sale is not included in computing regulatory capital. The following table presents the regulatory capital amounts and ratios for the Company and the Bank as of dates indicated: Actual Minimum Capital Requirement To Be Well Capitalized Under Prompt Corrective Provisions ($ in thousands) Amount Ratio Amount Ratio Amount Ratio March 31, 2020 PCB Bancorp Common tier 1 capital (to risk-weighted assets) $ 222,477 15.53 % $ 64,479 4.5 % N/A N/A Total capital (to risk-weighted assets) 239,443 16.71 % 114,630 8.0 % N/A N/A Tier 1 capital (to risk-weighted assets) 222,477 15.53 % 85,972 6.0 % N/A N/A Tier 1 capital (to average assets) 222,477 12.57 % 70,801 4.0 % N/A N/A Pacific City Bank Common tier 1 capital (to risk-weighted assets) $ 218,946 15.28 % $ 64,461 4.5 % $ 93,110 6.5 % Total capital (to risk-weighted assets) 235,912 16.47 % 114,597 8.0 % 143,247 10.0 % Tier 1 capital (to risk-weighted assets) 218,946 15.28 % 85,948 6.0 % 114,597 8.0 % Tier 1 capital (to average assets) 218,946 12.37 % 70,798 4.0 % 88,498 5.0 % December 31, 2019 PCB Bancorp Common tier 1 capital (to risk-weighted assets) $ 226,069 15.87 % $ 64,087 4.5 % N/A N/A Total capital (to risk-weighted assets) 240,750 16.90 % 113,933 8.0 % N/A N/A Tier 1 capital (to risk-weighted assets) 226,069 15.87 % 85,450 6.0 % N/A N/A Tier 1 capital (to average assets) 226,069 13.23 % 68,355 4.0 % N/A N/A Pacific City Bank Common tier 1 capital (to risk-weighted assets) $ 223,241 15.68 % $ 64,084 4.5 % $ 92,566 6.5 % Total capital (to risk-weighted assets) 237,922 16.71 % 113,928 8.0 % 142,410 10.0 % Tier 1 capital (to risk-weighted assets) 223,241 15.68 % 85,446 6.0 % 113,928 8.0 % Tier 1 capital (to average assets) 223,241 13.06 % 68,354 4.0 % 85,442 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. 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. Subsequent to the Order, the Bank implemented many actions to respond to the requirements of the Order and submitted all required reports to the FDIC and CDBO. Recently, the FDIC and CDBO have raised concerns with the depth of the “look back” and continued turnover in the Bank’s BSA department, and management is reviewing both concerns in detail and intends to address them. Even though the Company believes that the Bank has addressed many of items under the Order, it will take some time to address, to the satisfaction of the regulators, all of the specific issues unique to the Bank’s operation. While management is confident that all provisions of the Order will be complied with over time, compliance with and satisfaction of the Order will be determined in the sole discretion of the FDIC and CDBO.

Revenue Recognition

Revenue Recognition	3 Months Ended
	Mar. 31, 2020
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) 2020 2019 Noninterest income in-scope of Topic 606 Service charges and fees on deposits: Monthly service fees $ 28 $ 28 Account analysis fees 235 227 Non-sufficient funds charges 100 86 Other deposit related fees 27 23 Total service charges and fees on deposits 390 364 Debit card fees 69 65 Wire transfer fees 128 109 Other service charges 52 50 Total noninterest income in-scope of Topic 606 $ 639 $ 588

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2020
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Dividend Declared on Common Stock. On April 29, 2020 , the Company’s Board of Directors declared a quarterly cash dividend of $0.10 per common share. The dividend will be paid on or about June 15, 2020 , to shareholders of record as of the close of business on May 29, 2020 . The Company has evaluated the effects of events that have occurred subsequent to March 31, 2020 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, 2020
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, 2019 filed by the Company with the SEC. The December 31, 2019 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, 2019 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, 2020 are not necessarily indicative of the results that may be expected for the year ending December 31, 2020.
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of PCB Bancorp and its wholly owned subsidiary as of March 31, 2020 and December 31, 2019 and for the three and three months ended March 31, 2020 and 2019 . 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, 2020 , there were no significant accounting pronouncements applicable to the Company that became effective. Recent Accounting Pronouncements Not Yet Adopted The following is recently issued accounting pronouncements applicable to the Company that has not yet been adopted: In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“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. In 2019, the FASB amended this ASU, which delays the effective date to 2023 for certain SEC filers that are Smaller Reporting Companies, which would apply to the Company. The Company plans to adopt this ASU at the delayed effective date of January 1, 2023.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2020
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, 2020 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ — $ 44,965 $ — $ 44,965 Residential collateralized mortgage obligations — 39,396 — 39,396 SBA loan pool securities — 13,431 — 13,431 Municipal bonds — 776 — 776 Total securities available-for-sale — 98,568 — 98,568 Total assets measured at fair value on a recurring basis $ — $ 98,568 $ — $ 98,568 Total liabilities measured at fair value on a recurring basis $ — $ — $ — $ — December 31, 2019 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ — $ 38,738 $ — $ 38,738 Residential collateralized mortgage obligations — 43,894 — 43,894 SBA loan pool securities — 14,152 — 14,152 Municipal bonds — 782 — 782 Total securities available-for-sale — 97,566 — 97,566 Total assets measured at fair value on a recurring basis $ — $ 97,566 $ — $ 97,566 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, 2020 Impaired loans: SBA property $ — $ — $ 294 $ 294 Commercial lines of credit — — 1,855 1,855 SBA commercial term — — 25 25 Total impaired loans — — 2,174 2,174 Total assets measured at fair value on a non-recurring basis $ — $ — $ 2,174 $ 2,174 Total liabilities measured at fair value on a non-recurring basis $ — $ — $ — $ — December 31, 2019 Impaired loans: SBA property $ — $ — $ 116 $ 116 Commercial lines of credit — — 1,562 1,562 Total impaired loans — — 1,678 1,678 Total assets measured at fair value on a non-recurring basis $ — $ — $ 1,678 $ 1,678 Total liabilities measured at fair value on a non-recurring basis $ — $ — $ — $ —
Quantitative Information About Level 3 Fair Value Measurements	The following table presents quantitative information about level 3 fair value measurements for assets measured at fair value on a non-recurring basis as of the dates indicated: ($ in thousands) Fair Value Valuation Technique(s) Unobservable Input(s) Range (Weighted-Average) March 31, 2020 Impaired loans: SBA property $ 294 Fair value of collateral NM NM Commercial lines of credit $ 1,855 Sales comparison approach Adjustment for differences between the comparable estate sales -14% to 26% (-0.35%) Income approach Adjustment for differences in net operating income expectations -4% to -11% (-6.20%) Capitalization rate 5% SBA commercial term $ 25 Fair value of collateral NM NM December 31, 2019 Impaired loans: SBA property $ 116 Fair value of collateral NM NM Commercial lines of credit $ 1,562 Sales comparison approach Adjustment for differences between the comparable estate sales -4% to 26% (0.86%) Income approach Adjustment for differences in net operating income expectations -4% to -11% (-6.20%) Capitalization rate 5.0%
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) 2020 2019 Collateral dependent impaired loans: SBA property $ (27 ) $ (2 ) Commercial lines of credit (506 ) — SBA commercial term (164 ) — Net losses recognized $ (697 ) $ (2 )
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, 2020 Financial assets: Interest-bearing deposits in other financial institutions $ 174,039 $ 174,039 $ 174,039 $ — $ — Securities available-for-sale 98,568 98,568 — 98,568 — Securities held-to-maturity 19,711 20,449 — 20,449 — Loans held-for-sale 16,191 17,069 — 17,069 — Net loans held-for-investment 1,434,364 1,443,023 — — 1,443,023 FHLB and other restricted stock 8,345 N/A N/A N/A N/A Accrued interest receivable 4,706 4,706 3 332 4,371 Financial liabilities: Deposits $ 1,477,442 $ 1,499,580 $ — $ — $ 1,499,580 FHLB advances 80,000 80,248 — 80,248 — Accrued interest payable 4,224 4,224 — 2 4,222 December 31, 2019 Financial assets: Interest-bearing deposits in other financial institutions $ 128,420 $ 128,420 $ 128,420 $ — $ — Securities available-for-sale 97,566 97,566 — 97,566 — Securities held-to-maturity 20,154 20,480 — 20,480 — Loans held-for-sale 1,975 2,102 — 2,102 — Net loans held-for-investment 1,436,451 1,449,383 — — 1,449,383 FHLB and other restricted stock 8,345 N/A N/A N/A N/A Accrued interest receivable 5,136 5,136 78 375 4,683 Financial liabilities: Deposits $ 1,479,307 $ 1,468,540 $ — $ — $ 1,468,540 FHLB advances 20,000 20,092 — 20,092 — Accrued interest payable 6,004 6,004 — 1 6,003

Investment Securities (Tables)

Investment Securities (Tables)	3 Months Ended
	Mar. 31, 2020
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, 2020 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ 43,917 $ 1,076 $ (28 ) $ 44,965 Residential collateralized mortgage obligations 39,509 331 (444 ) 39,396 SBA loan pool securities 13,327 133 (29 ) 13,431 Municipal bonds 758 18 — 776 Total securities available-for-sale $ 97,511 $ 1,558 $ (501 ) $ 98,568 Securities held-to-maturity: U.S. government agency and U.S. government sponsored enterprise residential mortgage-backed securities $ 14,779 $ 388 $ — $ 15,167 Municipal bonds 4,932 350 — 5,282 Total securities held-to-maturity $ 19,711 $ 738 $ — $ 20,449 December 31, 2019 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ 38,793 $ 96 $ (151 ) $ 38,738 Residential collateralized mortgage obligations 44,115 36 (257 ) 43,894 SBA loan pool securities 14,179 34 (61 ) 14,152 Municipal bonds 764 18 — 782 Total securities available-for-sale $ 97,851 $ 184 $ (469 ) $ 97,566 Securities held-to-maturity: U.S. government agency and U.S. government sponsored enterprise residential mortgage-backed securities $ 15,215 $ 70 $ (81 ) $ 15,204 Municipal bonds 4,939 337 — 5,276 Total securities held-to-maturity $ 20,154 $ 407 $ (81 ) $ 20,480
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, 2020 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ 43,917 $ 1,076 $ (28 ) $ 44,965 Residential collateralized mortgage obligations 39,509 331 (444 ) 39,396 SBA loan pool securities 13,327 133 (29 ) 13,431 Municipal bonds 758 18 — 776 Total securities available-for-sale $ 97,511 $ 1,558 $ (501 ) $ 98,568 Securities held-to-maturity: U.S. government agency and U.S. government sponsored enterprise residential mortgage-backed securities $ 14,779 $ 388 $ — $ 15,167 Municipal bonds 4,932 350 — 5,282 Total securities held-to-maturity $ 19,711 $ 738 $ — $ 20,449 December 31, 2019 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ 38,793 $ 96 $ (151 ) $ 38,738 Residential collateralized mortgage obligations 44,115 36 (257 ) 43,894 SBA loan pool securities 14,179 34 (61 ) 14,152 Municipal bonds 764 18 — 782 Total securities available-for-sale $ 97,851 $ 184 $ (469 ) $ 97,566 Securities held-to-maturity: U.S. government agency and U.S. government sponsored enterprise residential mortgage-backed securities $ 15,215 $ 70 $ (81 ) $ 15,204 Municipal bonds 4,939 337 — 5,276 Total securities held-to-maturity $ 20,154 $ 407 $ (81 ) $ 20,480
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, 2020 . 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 $ — $ — $ 101 $ 102 One to five years — — 2,217 2,280 Five to ten years 758 776 285 299 Greater than ten years — — 2,329 2,601 Residential mortgage-backed securities, residential collateralized mortgage obligations and SBA loan pool securities 96,753 97,792 14,779 15,167 Total $ 97,511 $ 98,568 $ 19,711 $ 20,449
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) 2020 2019 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 $ — $ — 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, 2020 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ 329 $ (8 ) 1 $ 1,329 $ (20 ) 2 $ 1,658 $ (28 ) 3 Residential collateralized mortgage obligations 6,253 (179 ) 5 14,070 (265 ) 11 20,323 (444 ) 16 SBA loan pool securities 1,587 (16 ) 2 1,785 (13 ) 3 3,372 (29 ) 5 Municipal bonds — — — — — — — — — Total securities available-for-sale $ 8,169 $ (203 ) 8 $ 17,184 $ (298 ) 16 $ 25,353 $ (501 ) 24 December 31, 2019 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ 5,401 $ (28 ) 5 $ 15,772 $ (123 ) 23 $ 21,173 $ (151 ) 28 Residential collateralized mortgage obligations 15,392 (52 ) 13 19,834 (205 ) 23 35,226 (257 ) 36 SBA loan pool securities 4,787 (38 ) 5 2,308 (23 ) 4 7,095 (61 ) 9 Total securities available-for-sale $ 25,580 $ (118 ) 23 $ 37,914 $ (351 ) 50 $ 63,494 $ (469 ) 73 Securities held-to-maturity: U.S. government agency and U.S. government sponsored enterprise residential mortgage-backed securities $ — $ — — $ 6,842 $ (81 ) 7 $ 6,842 $ (81 ) 7 Total securities held-to-maturity $ — $ — — $ 6,842 $ (81 ) 7 $ 6,842 $ (81 ) 7

Loans and Allowance for Loan _2

Loans and Allowance for Loan Losses (Tables)	3 Months Ended
	Mar. 31, 2020
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, 2020 December 31, 2019 Real estate loans: Commercial property $ 812,484 $ 803,014 Residential property 227,492 235,046 SBA property 125,322 129,837 Construction 19,178 19,164 Total real estate loans 1,184,476 1,187,061 Commercial and industrial loans: Commercial term 101,943 103,380 Commercial lines of credit 116,873 111,768 SBA commercial term 24,745 25,332 Total commercial and industrial loans 243,561 240,480 Other consumer loans 23,001 23,290 Loans held-for-investment 1,451,038 1,450,831 Allowance for loan losses (16,674 ) (14,380 ) Net loans held-for-investment $ 1,434,364 $ 1,436,451
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, 2020 and 2019 : Three Months Ended ($ in thousands) Real Estate Commercial and Industrial Other Consumer Total Balance at January 1, 2020 $ 9,854 $ 4,354 $ 172 $ 14,380 Charge-offs (27 ) (675 ) (76 ) (778 ) Recoveries on loans previously charged off 56 91 29 176 Provision (reversal) for loan losses 2,065 779 52 2,896 Balance at March 31, 2020 $ 11,948 $ 4,549 $ 177 $ 16,674 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 for loan losses 218 (310 ) 7 (85 ) Balance at March 31, 2019 $ 9,324 $ 3,608 $ 205 $ 13,137 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, 2020 Allowance for loan losses: Individually evaluated for impairment $ 1 $ 15 $ — $ 16 Collectively evaluated for impairment 11,947 4,534 177 16,658 Total $ 11,948 $ 4,549 $ 177 $ 16,674 Loans receivable: Individually evaluated for impairment $ 2,088 $ 2,664 $ — $ 4,752 Collectively evaluated for impairment 1,182,388 240,897 23,001 1,446,286 Total $ 1,184,476 $ 243,561 $ 23,001 $ 1,451,038 December 31, 2019 Allowance for loan losses: Individually evaluated for impairment $ 4 $ 15 $ — $ 19 Collectively evaluated for impairment 9,850 4,339 172 14,361 Total $ 9,854 $ 4,354 $ 172 $ 14,380 Loans receivable: Individually evaluated for impairment $ 2,158 $ 2,401 $ — $ 4,559 Collectively evaluated for impairment 1,184,903 238,079 23,290 1,446,272 Total $ 1,187,061 $ 240,480 $ 23,290 $ 1,450,831
Risk Categories for Loans by Portfolio Segment	The following table presents the risk categories for the recorded investment in loans by portfolio segment as of dates indicated: ($ in thousands) Pass Special Mention Substandard Doubtful Total March 31, 2020 Real estate loans: Commercial property $ 811,849 $ — $ 635 $ — $ 812,484 Residential property 227,492 — — — 227,492 SBA property 122,005 72 3,245 — 125,322 Construction 19,178 — — — 19,178 Commercial and industrial loans: Commercial term 101,943 — — — 101,943 Commercial lines of credit 114,691 — 2,182 — 116,873 SBA commercial term 24,298 — 447 — 24,745 Other consumer loans 22,991 — 10 — 23,001 Total $ 1,444,447 $ 72 $ 6,519 $ — $ 1,451,038 December 31, 2019 Real estate loans: Commercial property $ 802,373 $ — $ 641 $ — $ 803,014 Residential property 235,046 — — — 235,046 SBA property 124,135 72 5,630 — 129,837 Construction 17,453 1,711 — — 19,164 Commercial and industrial loans: Commercial term 103,380 — — — 103,380 Commercial lines of credit 109,880 — 1,888 — 111,768 SBA commercial term 24,677 — 655 — 25,332 Other consumer loans 23,242 — 48 — 23,290 Total $ 1,440,186 $ 1,783 $ 8,862 $ — $ 1,450,831
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, 2020 Real estate loans: Residential property $ 416 $ — $ — $ — $ 416 SBA property 946 — — 1,461 2,407 Commercial and industrial loans: Commercial lines of credit — — — 2,182 2,182 SBA commercial term 58 — — 430 488 Other consumer loans 164 46 — 10 220 Total $ 1,584 $ 46 $ — $ 4,083 $ 5,713 December 31, 2019 Real estate loans: Residential property $ — $ 697 $ — $ — $ 697 SBA property 794 — — 442 1,236 Commercial and industrial loans: Commercial lines of credit — — — 1,888 1,888 SBA commercial term — 189 287 159 635 Other consumer loans 99 39 — 48 186 Total $ 893 $ 925 $ 287 $ 2,537 $ 4,642
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, 2020 Real estate loans: Commercial property $ 338 $ 337 $ — $ — $ — SBA property 1,631 1,743 119 150 1 Commercial and industrial loans: Commercial term 26 26 — — — Commercial lines of credit 2,181 2,182 — — — SBA commercial term 431 475 26 27 15 Total $ 4,607 $ 4,763 $ 145 $ 177 $ 16 December 31, 2019 Real estate loans: Commercial property $ 339 $ 338 $ — $ — $ — SBA property 1,699 1,828 120 154 4 Commercial and industrial loans: Commercial term 28 28 — — — Commercial lines of credit 1,888 1,888 — — — SBA commercial term 457 495 28 28 15 Total $ 4,411 $ 4,577 $ 148 $ 182 $ 19 The following table presents information on the recorded investment in impaired loans by portfolio segment for the three months ended March 31, 2020 and 2019 : Three Months Ended March 31, 2020 2019 ($ in thousands) Average Recorded Investment Interest Income Average Recorded Investment Interest Income Real estate loans: Commercial property $ 339 $ 5 $ — $ — Residential property — — 151 — SBA property 1,765 5 1,347 6 Commercial and industrial loans: Commercial term 27 — 62 1 Commercial lines of credit 2,433 — — — SBA commercial term 541 1 242 1 Total $ 5,105 $ 11 $ 1,802 $ 8 The following presents a summary of interest foregone on impaired loans for the periods indicated: Three Months Ended March 31, ($ in thousands) 2020 2019 Interest income that would have been recognized had impaired loans performed in accordance with their original terms $ 79 $ 32 Less: interest income recognized on impaired loans on a cash basis (11 ) (8 ) Interest income foregone on impaired loans $ 68 $ 24
Modified TDRs by Portfolio Segment	The following table presents information on loans that were modified as TDRs for which there was a payment default within twelve months following the modification for the three months ended March 31, 2020 and 2019 : Three Months Ended March 31, 2020 2019 ($ in thousands) Number of Loans Recorded Investment at Date of Default Number of Loans Recorded Investment at Date of Default Commercial and industrial loans: SBA commercial term 1 $ 26 — $ — Total 1 $ 26 — $ — Accommodations Related to Loan Modification from the Effects of the COVID-19 Pandemic On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) was enacted and, among other things, provided financial institutions the option to temporarily suspend certain requirements under U.S. GAAP related to TDRs for a limited period of time to account for the effect of the COVID-19 pandemic. Under the CARES Act, any modifications made from March 1, 2020 to the earlier of December 31, 2020 or the 60 th day after the end of the COVID-19 national emergency declared by the President to borrowers whose loan status were current prior to any relief are not treated as TDRs. As such, these loans would not be considered restructured for the purpose of risk-based capital rules, nor would they be reported as past due or nonaccrual during the period of the deferral for those loans. The modification completed during the three months ended March 31, 2020 were immaterial. The following table presents the composition of loans that were modified as TDRs by portfolio segment as of the dates indicated: March 31, 2020 December 31, 2019 ($ in thousands) Accruing Nonaccrual Total Accruing Nonaccrual Total Real estate loans: Commercial property $ 338 $ — $ 338 $ 339 $ — $ 339 SBA property 288 119 407 294 121 415 Commercial and industrial loans: Commercial term 26 — 26 28 — 28 SBA commercial term 27 26 53 39 — 39 Total $ 679 $ 145 $ 824 $ 700 $ 121 $ 821 The following table presents information on new loans that were modified as TDRs for the three months ended March 31, 2020 and 2019 : Three Months Ended March 31, 2020 2019 ($ in thousands) Number of Loans Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Number of Loans Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Commercial and industrial loans: SBA commercial term (1) 2 $ 37 $ 37 — $ — $ — Total 2 $ 37 $ 37 — $ — $ — (1) Modified by deferral of principal payment.
Loans Held-for-Sale	The following table presents a composition of loans held-for-sale as of the dates indicated: ($ in thousands) March 31, 2020 December 31, 2019 Real estate loans: Residential property $ 1,997 $ 760 SBA property 12,983 150 Commercial and industrial loans: SBA commercial term 1,211 1,065 Total $ 16,191 $ 1,975 The following table presents a summary of loans held-for-investment transferred to loans held-for-sale for the periods indicated: Three Months Ended March 31, ($ in thousands) 2020 2019 Real estate loans: Residential property $ 1,125 $ 303 Commercial and industrial loans: SBA commercial term 230 — Total $ 1,355 $ 303

Servicing Assets (Tables)

Servicing Assets (Tables)	3 Months Ended
	Mar. 31, 2020
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, 2020 December 31, 2019 ($ in thousands) Residential Property SBA Property SBA Commercial Term Residential Property SBA Property SBA Commercial Term Carrying amount $ 153 $ 5,448 $ 757 $ 171 $ 5,805 $ 822 Fair value $ 188 $ 6,254 $ 889 $ 200 $ 6,693 $ 976 Discount rate 11.25 % 13.25 % 12.75 % 11.25 % 13.25 % 12.75 % Prepayment speed 25.40 % 17.06 % 16.47 % 26.60 % 16.28 % 16.03 % Weighted average remaining life 26.6 years 21.1 years 7.0 years 24.2 years 21.3 years 7.0 years Underlying loans being serviced $ 29,500 $ 370,520 $ 78,728 $ 32,428 $ 384,007 $ 82,181
Schedule of Servicing Asset	The following table presents activity in servicing assets for the three months ended March 31, 2020 and 2019 : Three Months Ended March 31, 2020 2019 ($ in thousands) Residential Property SBA Property SBA Commercial Term Residential Property SBA Property SBA Commercial Term Balance at beginning of period $ 171 $ 5,805 $ 822 $ 244 $ 6,349 $ 1,073 Additions — 122 42 — 284 51 Amortization (18 ) (479 ) (107 ) (23 ) (356 ) (137 ) Balance at end of period $ 153 $ 5,448 $ 757 $ 221 $ 6,277 $ 987

Operating Leases (Tables)

Operating Leases (Tables)	3 Months Ended
	Mar. 31, 2020
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: Three Months Ended March 31, ($ in thousands) 2020 2019 Operating lease cost (1) $ 691 $ 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 $ 38 $ 65 (1) Included in Occupancy and Equipment on the Consolidated Statements of Income. The following table presents supplemental balance sheet information related to leases as of the dates indicated: ($ in thousands) March 31, 2020 December 31, 2019 Operating leases: Operating lease assets $ 8,393 $ 8,991 Operating lease liabilities $ 9,349 $ 9,990 Weighted-average remaining lease term 4.8 years 5.0 years Weighted-average discount rate 2.72 % 2.81 %
Maturities of Operating Lease Liabilities	The following table presets maturities of operating lease liabilities as of March 31, 2020 : ($ in thousands) March 31, 2020 Maturities: 2020 $ 1,951 2021 2,297 2022 2,171 2023 1,828 2024 547 After 2024 1,351 Total lease payment 10,145 Imputed Interest (796 ) Present value of operating lease liabilities $ 9,349

Shareholders_ Equity (Tables)

Shareholders’ Equity (Tables)	3 Months Ended
	Mar. 31, 2020
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Loss	The following table presents changes to accumulated other comprehensive income (loss) for the periods indicated: Three Months Ended March 31, ($ in thousands) 2020 2019 Unrealized gain (loss) on securities available-for-sale: Beginning balance $ (57 ) $ (1,647 ) Other comprehensive income Unrealized gain arising during the period 1,342 1,172 Tax effect of current period changes (394 ) (345 ) Total other comprehensive income 948 827 Balance at end of period $ 891 $ (820 )

Share-Based Compensation (Table

Share-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2020
Share-based Payment Arrangement [Abstract]
Shared-based Compensation Expense	The following table presents share-based compensation expense and the related tax benefits for the periods indicated: Three Months Ended March 31, ($ in thousands) 2020 2019 Share-based compensation expense related to: Stock options $ 157 $ 161 Restricted stock awards 37 — Total share-based compensation expense $ 194 $ 161 Related tax benefits $ 8 $ 11 The following table presents unrecognized share-based compensation expense as of March 31, 2020 : ($ in thousands) Unrecognized Expense Weighted-Average Remaining Expected Recognition Period Unrecognized share-based compensation expense related to: Stock options $ 805 2.1 years Restricted stock awards 543 3.8 years Total unrecognized share-based compensation expense $ 1,348 2.8 years
Share-based compensation, Stock Options	The following table represents stock option activity for the three months ended March 31, 2020 : Three Months Ended March 31, 2020 ($ 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 829,376 $ 10.32 5.8 years $ 5,776 Exercised (90,544 ) $ 6.68 3.8 years Forfeited (4,840 ) $ 10.33 5.6 years Outstanding at end of period 733,992 $ 10.76 5.8 years $ (722 ) Exercisable at end of period 509,815 $ 9.65 5.2 years $ 64 The following table represents information regarding unvested stock options for the three months ended March 31, 2020 : Three Months Ended March 31, 2020 Number of Shares Weighted-Average Exercise Price Per Share Outstanding at beginning of period 246,317 $ 13.31 Vested (17,300 ) $ 14.47 Forfeited (4,840 ) $ 10.33 Outstanding at end of period 224,177 $ 13.29
Summary of Nonvested Restricted Stock Awards	The following table represents RSAs activity for the three months ended March 31, 2020 : Three Months Ended March 31, 2020 Number of Shares Weighted-Average Grant Date Fair Value Per Share Outstanding at beginning of period 37,400 $ 16.60 Granted 1,000 $ 13.72 Outstanding at end of period 38,400 $ 16.53

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table presents the computations of basic and diluted EPS for the periods indicated: Three Months Ended March 31, ($ in thousands, except per share) 2020 2019 Basic earnings per share: Net income $ 3,572 $ 6,564 Less: income allocated to unvested restricted stock (9 ) — Net income allocated to common stock $ 3,563 $ 6,564 Weighted-average total common shares outstanding 15,543,473 15,999,464 Less: weighted-average unvested restricted stock (37,774 ) — Weighted-average common shares outstanding, basic 15,505,699 15,999,464 Basic earnings per share $ 0.23 $ 0.41 Diluted earnings per share: Net income allocated to common stock $ 3,563 $ 6,564 Weighted-average common shares outstanding, basic 15,505,699 15,999,464 Diluted effect of stock options 194,445 271,805 Weighted-average common shares outstanding, diluted 15,700,144 16,271,269 Diluted earnings per share $ 0.23 $ 0.40

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Schedule of Outstanding Financial Commitments	As of March 31, 2020 and December 31, 2019 , the Company had the following outstanding financial commitments whose contractual amount represents credit risk: ($ in thousands) March 31, 2020 December 31, 2019 Commitments to extend credit $ 177,787 $ 171,608 Standby letters of credit 3,350 3,300 Commercial letters of credit 483 292 Total $ 181,620 $ 175,200

Regulatory Matters (Tables)

Regulatory Matters (Tables)	3 Months Ended
	Mar. 31, 2020
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, 2020 PCB Bancorp Common tier 1 capital (to risk-weighted assets) $ 222,477 15.53 % $ 64,479 4.5 % N/A N/A Total capital (to risk-weighted assets) 239,443 16.71 % 114,630 8.0 % N/A N/A Tier 1 capital (to risk-weighted assets) 222,477 15.53 % 85,972 6.0 % N/A N/A Tier 1 capital (to average assets) 222,477 12.57 % 70,801 4.0 % N/A N/A Pacific City Bank Common tier 1 capital (to risk-weighted assets) $ 218,946 15.28 % $ 64,461 4.5 % $ 93,110 6.5 % Total capital (to risk-weighted assets) 235,912 16.47 % 114,597 8.0 % 143,247 10.0 % Tier 1 capital (to risk-weighted assets) 218,946 15.28 % 85,948 6.0 % 114,597 8.0 % Tier 1 capital (to average assets) 218,946 12.37 % 70,798 4.0 % 88,498 5.0 % December 31, 2019 PCB Bancorp Common tier 1 capital (to risk-weighted assets) $ 226,069 15.87 % $ 64,087 4.5 % N/A N/A Total capital (to risk-weighted assets) 240,750 16.90 % 113,933 8.0 % N/A N/A Tier 1 capital (to risk-weighted assets) 226,069 15.87 % 85,450 6.0 % N/A N/A Tier 1 capital (to average assets) 226,069 13.23 % 68,355 4.0 % N/A N/A Pacific City Bank Common tier 1 capital (to risk-weighted assets) $ 223,241 15.68 % $ 64,084 4.5 % $ 92,566 6.5 % Total capital (to risk-weighted assets) 237,922 16.71 % 113,928 8.0 % 142,410 10.0 % Tier 1 capital (to risk-weighted assets) 223,241 15.68 % 85,446 6.0 % 113,928 8.0 % Tier 1 capital (to average assets) 223,241 13.06 % 68,354 4.0 % 85,442 5.0 %

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Mar. 31, 2020
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) 2020 2019 Noninterest income in-scope of Topic 606 Service charges and fees on deposits: Monthly service fees $ 28 $ 28 Account analysis fees 235 227 Non-sufficient funds charges 100 86 Other deposit related fees 27 23 Total service charges and fees on deposits 390 364 Debit card fees 69 65 Wire transfer fees 128 109 Other service charges 52 50 Total noninterest income in-scope of Topic 606 $ 639 $ 588

Basis of Presentation and Sig_3

Basis of Presentation and Significant Accounting Policies (Details)	Mar. 31, 2020branchoffice
Product Information [Line Items]
Number of loan production offices | office	10
California
Product Information [Line Items]
Number of full-service branches	11
New Jersey
Product Information [Line Items]
Number of full-service branches	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, 2020	Dec. 31, 2019
Securities available-for-sale:
Total securities available-for-sale	$ 98,568	$ 97,566
Residential mortgage-backed securities
Securities available-for-sale:
Total securities available-for-sale	44,965	38,738
Residential collateralized mortgage obligations
Securities available-for-sale:
Total securities available-for-sale	39,396	43,894
Municipal bonds
Securities available-for-sale:
Total securities available-for-sale	776	782
Recurring
Securities available-for-sale:
Total securities available-for-sale	98,568	97,566
Total assets measured at fair value on a recurring basis	98,568	97,566
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	44,965	38,738
Recurring | Residential collateralized mortgage obligations
Securities available-for-sale:
Total securities available-for-sale	39,396	43,894
Recurring | SBA loan pool securities
Securities available-for-sale:
Total securities available-for-sale	13,431	14,152
Recurring | Municipal bonds
Securities available-for-sale:
Total securities available-for-sale	776	782
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	98,568	97,566
Total assets measured at fair value on a recurring basis	98,568	97,566
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	44,965	38,738
Recurring | Significant Other Observable Inputs (Level 2) | Residential collateralized mortgage obligations
Securities available-for-sale:
Total securities available-for-sale	39,396	43,894
Recurring | Significant Other Observable Inputs (Level 2) | SBA loan pool securities
Securities available-for-sale:
Total securities available-for-sale	13,431	14,152
Recurring | Significant Other Observable Inputs (Level 2) | Municipal bonds
Securities available-for-sale:
Total securities available-for-sale	776	782
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, 2020	Dec. 31, 2019
Impaired loans:
Total impaired loans	$ 2,174	$ 1,678
Total assets measured at fair value on a recurring basis	2,174	1,678
Total liabilities measured at fair value on a recurring basis	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1)
Impaired loans:
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:
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:
Total impaired loans	2,174	1,678
Total assets measured at fair value on a recurring basis	2,174	1,678
Total liabilities measured at fair value on a recurring basis	0	0
SBA property
Impaired loans:
Total impaired loans	294	116
SBA property | Quoted Prices in Active Markets for Identical Assets (Level 1)
Impaired loans:
Total impaired loans	0	0
SBA property | Significant Other Observable Inputs (Level 2)
Impaired loans:
Total impaired loans	0	0
SBA property | Significant Unobservable Inputs (Level 3)
Impaired loans:
Total impaired loans	294	116
Commercial lines of credit
Impaired loans:
Total impaired loans	1,855	1,562
Commercial lines of credit | Quoted Prices in Active Markets for Identical Assets (Level 1)
Impaired loans:
Total impaired loans	0	0
Commercial lines of credit | Significant Other Observable Inputs (Level 2)
Impaired loans:
Total impaired loans	0	0
Commercial lines of credit | Significant Unobservable Inputs (Level 3)
Impaired loans:
Total impaired loans	1,855	$ 1,562
SBA commercial term
Impaired loans:
Total impaired loans	25
SBA commercial term | Quoted Prices in Active Markets for Identical Assets (Level 1)
Impaired loans:
Total impaired loans	0
SBA commercial term | Significant Other Observable Inputs (Level 2)
Impaired loans:
Total impaired loans	0
SBA commercial term | Significant Unobservable Inputs (Level 3)
Impaired loans:
Total impaired loans	$ 25

Fair Value Measurements - Level

Fair Value Measurements - Level 3 Measurement Inputs (Details) - Nonrecurring $ in Thousands	Mar. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total impaired loans	$ 2,174	$ 1,678
Significant Unobservable Inputs (Level 3)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total impaired loans	2,174	1,678
SBA property
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total impaired loans	294	116
SBA property | Significant Unobservable Inputs (Level 3)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total impaired loans	294	116
Commercial lines of credit
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total impaired loans	1,855	1,562
Commercial lines of credit | Significant Unobservable Inputs (Level 3)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total impaired loans	$ 1,855	$ 1,562
Commercial lines of credit | Minimum | Sales comparison approach | Significant Unobservable Inputs (Level 3) | Adjustment for differences between the comparable estate sales
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impairment loans, measurement input	(0.14)	(0.04)
Commercial lines of credit | Minimum | Income approach | Significant Unobservable Inputs (Level 3) | Adjustment for differences in net operating income expectations
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impairment loans, measurement input	(0.04)	(0.04)
Commercial lines of credit | Maximum | Sales comparison approach | Significant Unobservable Inputs (Level 3) | Adjustment for differences between the comparable estate sales
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impairment loans, measurement input	0.26	0.26
Commercial lines of credit | Maximum | Income approach | Significant Unobservable Inputs (Level 3) | Adjustment for differences in net operating income expectations
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impairment loans, measurement input	(0.11)	(0.11)
Commercial lines of credit | Weighted Average | Sales comparison approach | Significant Unobservable Inputs (Level 3) | Adjustment for differences between the comparable estate sales
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impairment loans, measurement input	(0.0035)	0.0086
Commercial lines of credit | Weighted Average | Income approach | Significant Unobservable Inputs (Level 3) | Adjustment for differences in net operating income expectations
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impairment loans, measurement input	(0.0620)	(0.0620)
Commercial lines of credit | Weighted Average | Income approach | Significant Unobservable Inputs (Level 3) | Capitalization rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impairment loans, measurement input	0.05	0.05
SBA commercial term
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total impaired loans	$ 25
SBA commercial term | Significant Unobservable Inputs (Level 3)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total impaired loans	$ 25

Fair Value Measurements - Other

Fair Value Measurements - Other Real Estate Owned (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net losses recognized	$ (697)	$ (2)
SBA property
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net losses recognized	(27)	(2)
Commercial lines of credit
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net losses recognized	(506)	0
SBA commercial term
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net losses recognized	$ (164)	$ 0

Fair Value Measurements - Fair

Fair Value Measurements - Fair Values of Financial Assets and Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Financial assets:
Securities available-for-sale	$ 98,568	$ 97,566
Securities held-to-maturity	19,711	20,154
Carrying Value
Financial assets:
Interest-bearing deposits in other financial institutions	174,039	128,420
Securities available-for-sale	98,568	97,566
Securities held-to-maturity	19,711	20,154
Loans held-for-sale	16,191	1,975
Net loans held-for-investment	1,434,364	1,436,451
FHLB and other restricted stock	8,345	8,345
Accrued interest receivable	4,706	5,136
Financial liabilities:
Deposits	1,477,442	1,479,307
FHLB advances	80,000	20,000
Accrued interest payable	4,224	6,004
Fair Value
Financial assets:
Interest-bearing deposits in other financial institutions	174,039	128,420
Securities available-for-sale	98,568	97,566
Securities held-to-maturity	20,449	20,480
Loans held-for-sale	17,069	2,102
Net loans held-for-investment	1,443,023	1,449,383
Accrued interest receivable	4,706	5,136
Financial liabilities:
Deposits	1,499,580	1,468,540
FHLB advances	80,248	20,092
Accrued interest payable	4,224	6,004
Fair Value | Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial assets:
Interest-bearing deposits in other financial institutions	174,039	128,420
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	3	78
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	98,568	97,566
Securities held-to-maturity	20,449	20,480
Loans held-for-sale	17,069	2,102
Net loans held-for-investment	0	0
Accrued interest receivable	332	375
Financial liabilities:
Deposits	0	0
FHLB advances	80,248	20,092
Accrued interest payable	2	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	1,443,023	1,449,383
Accrued interest receivable	4,371	4,683
Financial liabilities:
Deposits	1,499,580	1,468,540
FHLB advances	0	0
Accrued interest payable	$ 4,222	$ 6,003

Investment Securities - Summary

Investment Securities - Summary of Debt and Equity Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Securities available-for-sale:
Amortized Cost	$ 97,511	$ 97,851
Gross Unrealized Gain	1,558	184
Gross Unrealized Loss	(501)	(469)
Securities available-for-sale, at fair value	98,568	97,566
Securities held-to-maturity:
Amortized Cost	19,711	20,154
Gross Unrealized Gain	738	407
Gross Unrealized Loss	0	(81)
Fair Value	20,449	20,480
Pledged securities for collateral	118,300	99,300
Residential mortgage-backed securities
Securities available-for-sale:
Amortized Cost	43,917	38,793
Gross Unrealized Gain	1,076	96
Gross Unrealized Loss	(28)	(151)
Securities available-for-sale, at fair value	44,965	38,738
Securities held-to-maturity:
Amortized Cost		15,215
Gross Unrealized Gain		70
Gross Unrealized Loss		(81)
Fair Value		15,204
Residential collateralized mortgage obligations
Securities available-for-sale:
Amortized Cost	39,509	44,115
Gross Unrealized Gain	331	36
Gross Unrealized Loss	(444)	(257)
Securities available-for-sale, at fair value	39,396	43,894
Securities held-to-maturity:
Amortized Cost	14,779
Gross Unrealized Gain	388
Gross Unrealized Loss	0
Fair Value	15,167
SBA loan pool securities
Securities available-for-sale:
Amortized Cost	13,327	14,179
Gross Unrealized Gain	133	34
Gross Unrealized Loss	(29)	(61)
Securities available-for-sale, at fair value	13,431	14,152
Municipal bonds
Securities available-for-sale:
Amortized Cost	758	764
Gross Unrealized Gain	18	18
Gross Unrealized Loss	0	0
Securities available-for-sale, at fair value	776	782
Securities held-to-maturity:
Amortized Cost	4,932	4,939
Gross Unrealized Gain	350	337
Gross Unrealized Loss	0	0
Fair Value	$ 5,282	$ 5,276

Investment Securities - Summa_2

Investment Securities - Summary of Contractual Maturities (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Securities available-for-sale:
Amortized Cost, Within one year	$ 0
Amortized Cost, One to five years	0
Amortized Cost, Five to ten years	758
Amortized Cost, Greater than ten years	0
Amortized Cost, Mortgage-backed securities and collateralized mortgage obligations	96,753
Amortized Cost	97,511	$ 97,851
Fair Value, Within one year	0
Fair Value, One to five years	0
Fair Value, Five to ten years	776
Fair Value, Greater than ten years	0
Fair Value, Mortgage-backed securities and collateralized mortgage obligations	97,792
Fair Value	98,568	97,566
Securities held-to-maturity:
Amortized Cost, Within one year	101
Amortized Cost, One to five years	2,217
Amortized Cost, Five to ten years	285
Amortized Cost, Greater than ten years	2,329
Amortized Cost, Mortgage-backed securities and collateralized mortgage obligations	14,779
Amortized Cost	19,711	20,154
Fair Value, Within one year	102
Fair Value, One to five years	2,280
Fair Value, Five to ten years	299
Fair Value, Greater than ten years	2,601
Fair Value, Mortgage-backed securities and collateralized mortgage obligations	15,167
Fair Value	$ 20,449	$ 20,480

Investment Securities - Summa_3

Investment Securities - Summary of Gains (Losses) on Available-for-sale Securities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
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	0
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, 2020USD ($)security	Mar. 31, 2019USD ($)	Dec. 31, 2019USD ($)security
Securities available-for-sale:
Less Than 12 Months, Fair Value	$ 8,169,000		$ 25,580,000
Less Than 12 Months, Gross Unrealized Losses	$ (203,000)		$ (118,000)
Less Than 12 Months, Number of Securities | security	8		23
12 months or Longer, Fair Value	$ 17,184,000		$ 37,914,000
12 months or Longer, Gross Unrealized Losses	$ (298,000)		$ (351,000)
12 months or Longer, Number of Securities | security	16		50
Total, Fair Value	$ 25,353,000		$ 63,494,000
Total, Gross Unrealized Losses	$ (501,000)		$ (469,000)
Total, Number of Securities | security	24		73
Securities held-to-maturity:
Less Than 12 Months, Fair Value			$ 0
Less Than 12 Months, Gross Unrealized Losses			$ 0
Less Than 12 Months, Number of Securities | security			0
12 Months or Longer, Fair Value			$ 6,842,000
12 Months or Longer, Gross Unrealized Losses			$ (81,000)
12 Months or Longer, Number of Securities | security			7
Total, Fair Value			$ 6,842,000
Total, Gross Unrealized Losses			$ (81,000)
Total, Number of Securities | security			7
OTTI Assessment	$ 0	$ 0
Residential mortgage-backed securities
Securities available-for-sale:
Less Than 12 Months, Fair Value	329,000		$ 5,401,000
Less Than 12 Months, Gross Unrealized Losses	$ (8,000)		$ (28,000)
Less Than 12 Months, Number of Securities | security	1		5
12 months or Longer, Fair Value	$ 1,329,000		$ 15,772,000
12 months or Longer, Gross Unrealized Losses	$ (20,000)		$ (123,000)
12 months or Longer, Number of Securities | security	2		23
Total, Fair Value	$ 1,658,000		$ 21,173,000
Total, Gross Unrealized Losses	$ (28,000)		$ (151,000)
Total, Number of Securities | security	3		28
Securities held-to-maturity:
Less Than 12 Months, Fair Value			$ 0
Less Than 12 Months, Gross Unrealized Losses			$ 0
Less Than 12 Months, Number of Securities | security			0
12 Months or Longer, Fair Value			$ 6,842,000
12 Months or Longer, Gross Unrealized Losses			$ (81,000)
12 Months or Longer, Number of Securities | security			7
Total, Fair Value			$ 6,842,000
Total, Gross Unrealized Losses			$ (81,000)
Total, Number of Securities | security			7
Residential collateralized mortgage obligations
Securities available-for-sale:
Less Than 12 Months, Fair Value	$ 6,253,000		$ 15,392,000
Less Than 12 Months, Gross Unrealized Losses	$ (179,000)		$ (52,000)
Less Than 12 Months, Number of Securities | security	5		13
12 months or Longer, Fair Value	$ 14,070,000		$ 19,834,000
12 months or Longer, Gross Unrealized Losses	$ (265,000)		$ (205,000)
12 months or Longer, Number of Securities | security	11		23
Total, Fair Value	$ 20,323,000		$ 35,226,000
Total, Gross Unrealized Losses	$ (444,000)		$ (257,000)
Total, Number of Securities | security	16		36
SBA loan pool securities
Securities available-for-sale:
Less Than 12 Months, Fair Value	$ 1,587,000		$ 4,787,000
Less Than 12 Months, Gross Unrealized Losses	$ (16,000)		$ (38,000)
Less Than 12 Months, Number of Securities | security	2		5
12 months or Longer, Fair Value	$ 1,785,000		$ 2,308,000
12 months or Longer, Gross Unrealized Losses	$ (13,000)		$ (23,000)
12 months or Longer, Number of Securities | security	3		4
Total, Fair Value	$ 3,372,000		$ 7,095,000
Total, Gross Unrealized Losses	$ (29,000)		$ (61,000)
Total, Number of Securities | security	5		9
Municipal bonds
Securities available-for-sale:
Less Than 12 Months, Fair Value	$ 0
Less Than 12 Months, Gross Unrealized Losses	$ 0
Less Than 12 Months, Number of Securities | security	0
12 months or Longer, Fair Value	$ 0
12 months or Longer, Gross Unrealized Losses	$ 0
12 months or Longer, Number of Securities | security	0
Total, Fair Value	$ 0
Total, Gross Unrealized Losses	$ 0
Total, Number of Securities | security	0

Loans and Allowance for Loan _3

Loans and Allowance for Loan Losses - Loans Held-For-Investment (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	$ 1,451,038	$ 1,450,831
Allowance for loan losses	(16,674)	(14,380)	$ (13,137)	$ (13,167)
Net loans held-for-investment	1,434,364	1,436,451
Related party loans outstanding	3,700	3,800
Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	1,184,476	1,187,061
Allowance for loan losses	(11,948)	(9,854)	(9,324)	(9,104)
Real Estate | Commercial property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	812,484	803,014
Real Estate | Residential property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	227,492	235,046
Real Estate | SBA property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	125,322	129,837
Real Estate | Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	19,178	19,164
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	243,561	240,480
Allowance for loan losses	(4,549)	(4,354)	(3,608)	(3,877)
Commercial and Industrial | Commercial term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	101,943	103,380
Commercial and Industrial | Commercial lines of credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	116,873	111,768
Commercial and Industrial | SBA commercial term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	24,745	25,332
Other consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	23,001	23,290
Allowance for loan losses	$ (177)	$ (172)	$ (205)	$ (186)

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, 2020	Mar. 31, 2019	Mar. 31, 2020	Dec. 31, 2019
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 14,380	$ 13,167
Charge-offs	(778)	(46)
Recoveries on loans previously charged off	176	101
Provision (reversal) for loan losses	2,896	(85)
Ending balance	16,674	13,137
Allowance for loan losses:
Individually evaluated for impairment			$ 16	$ 19
Collectively evaluated for impairment			16,658	14,361
Total	16,674	13,137	16,674	14,380
Loans receivable:
Individually evaluated for impairment			4,752	4,559
Collectively evaluated for impairment			1,446,286	1,446,272
Total			1,451,038	1,450,831
Real Estate
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	9,854	9,104
Charge-offs	(27)	(2)
Recoveries on loans previously charged off	56	4
Provision (reversal) for loan losses	2,065	218
Ending balance	11,948	9,324
Allowance for loan losses:
Individually evaluated for impairment			1	4
Collectively evaluated for impairment			11,947	9,850
Total	11,948	9,324	11,948	9,854
Loans receivable:
Individually evaluated for impairment			2,088	2,158
Collectively evaluated for impairment			1,182,388	1,184,903
Total			1,184,476	1,187,061
Commercial and Industrial
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	4,354	3,877
Charge-offs	(675)	0
Recoveries on loans previously charged off	91	41
Provision (reversal) for loan losses	779	(310)
Ending balance	4,549	3,608
Allowance for loan losses:
Individually evaluated for impairment			15	15
Collectively evaluated for impairment			4,534	4,339
Total	4,549	3,608	4,549	4,354
Loans receivable:
Individually evaluated for impairment			2,664	2,401
Collectively evaluated for impairment			240,897	238,079
Total			243,561	240,480
Other Consumer
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	172	186
Charge-offs	(76)	(44)
Recoveries on loans previously charged off	29	56
Provision (reversal) for loan losses	52	7
Ending balance	177	205
Allowance for loan losses:
Individually evaluated for impairment			0	0
Collectively evaluated for impairment			177	172
Total	177	$ 205	177	172
Loans receivable:
Individually evaluated for impairment			0	0
Collectively evaluated for impairment			23,001	23,290
Total			$ 23,001	$ 23,290
COVID-19 Pandemic
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Provision (reversal) for loan losses	$ 2,700

Loans and Allowance for Loan _5

Loans and Allowance for Loan Losses - Credit Quality Indicators (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	$ 1,451,038	$ 1,450,831
Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	1,444,447	1,440,186
Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	72	1,783
Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	6,519	8,862
Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	1,184,476	1,187,061
Real Estate | Commercial property
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	812,484	803,014
Real Estate | Commercial property | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	811,849	802,373
Real Estate | Commercial property | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Real Estate | Commercial property | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	635	641
Real Estate | Commercial property | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Real Estate | Residential property
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	227,492	235,046
Real Estate | Residential property | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	227,492	235,046
Real Estate | Residential property | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Real Estate | Residential property | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Real Estate | Residential property | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Real Estate | SBA property
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	125,322	129,837
Real Estate | SBA property | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	122,005	124,135
Real Estate | SBA property | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	72	72
Real Estate | SBA property | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	3,245	5,630
Real Estate | SBA property | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Real Estate | Construction
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	19,178	19,164
Real Estate | Construction | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	19,178	17,453
Real Estate | Construction | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	1,711
Real Estate | Construction | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Real Estate | Construction | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Commercial and Industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	243,561	240,480
Commercial and Industrial | Commercial term
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	101,943	103,380
Commercial and Industrial | Commercial term | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	101,943	103,380
Commercial and Industrial | Commercial term | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Commercial and Industrial | Commercial term | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Commercial and Industrial | Commercial term | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Commercial and Industrial | Commercial lines of credit
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	116,873	111,768
Commercial and Industrial | Commercial lines of credit | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	114,691	109,880
Commercial and Industrial | Commercial lines of credit | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Commercial and Industrial | Commercial lines of credit | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	2,182	1,888
Commercial and Industrial | Commercial lines of credit | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Commercial and Industrial | SBA commercial term
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	24,745	25,332
Commercial and Industrial | SBA commercial term | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	24,298	24,677
Commercial and Industrial | SBA commercial term | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Commercial and Industrial | SBA commercial term | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	447	655
Commercial and Industrial | SBA commercial term | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Other consumer loans
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	23,001	23,290
Other consumer loans | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	22,991	23,242
Other consumer loans | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Other consumer loans | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	10	48
Other consumer loans | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Loans guaranteed by US government agency | Real Estate | SBA property | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	$ 115	$ 2,400

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, 2020	Dec. 31, 2019
Financing Receivable, Past Due [Line Items]
Nonaccrual	$ 4,083,000	$ 2,537,000
Total Past Due and Nonaccrual	5,713,000	4,642,000
Loans guaranteed by US government agency
Financing Receivable, Past Due [Line Items]
Nonaccrual	0	0
30 to 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Still Accruing	1,584,000	893,000
60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Still Accruing	46,000	925,000
90 or More Days Past Due
Financing Receivable, Past Due [Line Items]
Still Accruing	0	287,000
Real Estate | Residential property
Financing Receivable, Past Due [Line Items]
Nonaccrual	0	0
Total Past Due and Nonaccrual	416,000	697,000
Real Estate | Residential property | 30 to 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Still Accruing	416,000	0
Real Estate | Residential property | 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Still Accruing	0	697,000
Real Estate | Residential property | 90 or More Days Past Due
Financing Receivable, Past Due [Line Items]
Still Accruing	0	0
Real Estate | SBA property
Financing Receivable, Past Due [Line Items]
Nonaccrual	1,461,000	442,000
Total Past Due and Nonaccrual	2,407,000	1,236,000
Real Estate | SBA property | 30 to 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Still Accruing	946,000	794,000
Real Estate | SBA property | 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Still Accruing	0	0
Real Estate | SBA property | 90 or More Days Past Due
Financing Receivable, Past Due [Line Items]
Still Accruing	0	0
Commercial and Industrial | Commercial lines of credit
Financing Receivable, Past Due [Line Items]
Nonaccrual	2,182,000	1,888,000
Total Past Due and Nonaccrual	2,182,000	1,888,000
Commercial and Industrial | Commercial lines of credit | 30 to 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Still Accruing	0	0
Commercial and Industrial | Commercial lines of credit | 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Still Accruing	0	0
Commercial and Industrial | Commercial lines of credit | 90 or More Days Past Due
Financing Receivable, Past Due [Line Items]
Still Accruing	0	0
Commercial and Industrial | SBA commercial term
Financing Receivable, Past Due [Line Items]
Nonaccrual	430,000	159,000
Total Past Due and Nonaccrual	488,000	635,000
Commercial and Industrial | SBA commercial term | 30 to 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Still Accruing	58,000	0
Commercial and Industrial | SBA commercial term | 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Still Accruing	0	189,000
Commercial and Industrial | SBA commercial term | 90 or More Days Past Due
Financing Receivable, Past Due [Line Items]
Still Accruing	0	287,000
Other consumer loans
Financing Receivable, Past Due [Line Items]
Nonaccrual	10,000	48,000
Total Past Due and Nonaccrual	220,000	186,000
Other consumer loans | 30 to 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Still Accruing	164,000	99,000
Other consumer loans | 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Still Accruing	46,000	39,000
Other consumer loans | 90 or More Days Past Due
Financing Receivable, 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, 2020	Mar. 31, 2019	Dec. 31, 2019
Financing Receivable, Impaired [Line Items]
Impaired financing receivable, with no allowance recorded, recorded investment	$ 4,607		$ 4,411
Impaired financing receivable, with no allowance recorded, unpaid principal balance	4,763		4,577
Impaired financing receivable, with an allowance recorded, recorded investment	145		148
Impaired financing receivable, with an allowance recorded, unpaid principal balance	177		182
Impaired financing receivable, with an allowance recorded, related allowance	16		19
Average Recorded Investment	5,105	$ 1,802
Interest Income	11	8
Interest Foregone on Impaired Loans [Abstract]
Interest income that would have been recognized had impaired loans performed in accordance with their original terms	79	32
Less: interest income recognized on impaired loans on a cash basis	(11)	(8)
Interest income foregone on impaired loans	68	24
Real Estate | Commercial property
Financing Receivable, Impaired [Line Items]
Impaired financing receivable, with no allowance recorded, recorded investment	338		339
Impaired financing receivable, with no allowance recorded, unpaid principal balance	337		338
Impaired financing receivable, with an allowance recorded, recorded investment	0		0
Impaired financing receivable, with an allowance recorded, unpaid principal balance	0		0
Impaired financing receivable, with an allowance recorded, related allowance	0		0
Average Recorded Investment	339	0
Interest Income	5	0
Real Estate | Residential property
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	0	151
Interest Income	0	0
Real Estate | SBA property
Financing Receivable, Impaired [Line Items]
Impaired financing receivable, with no allowance recorded, recorded investment	1,631		1,699
Impaired financing receivable, with no allowance recorded, unpaid principal balance	1,743		1,828
Impaired financing receivable, with an allowance recorded, recorded investment	119		120
Impaired financing receivable, with an allowance recorded, unpaid principal balance	150		154
Impaired financing receivable, with an allowance recorded, related allowance	1		4
Average Recorded Investment	1,765	1,347
Interest Income	5	6
Commercial and Industrial | Commercial term
Financing Receivable, Impaired [Line Items]
Impaired financing receivable, with no allowance recorded, recorded investment	26		28
Impaired financing receivable, with no allowance recorded, unpaid principal balance	26		28
Impaired financing receivable, with an allowance recorded, recorded investment	0		0
Impaired financing receivable, with an allowance recorded, unpaid principal balance	0		0
Impaired financing receivable, with an allowance recorded, related allowance	0		0
Average Recorded Investment	27	62
Interest Income	0	1
Commercial and Industrial | Commercial lines of credit
Financing Receivable, Impaired [Line Items]
Impaired financing receivable, with no allowance recorded, recorded investment	2,181		1,888
Impaired financing receivable, with no allowance recorded, unpaid principal balance	2,182		1,888
Impaired financing receivable, with an allowance recorded, recorded investment	0		0
Impaired financing receivable, with an allowance recorded, unpaid principal balance	0		0
Impaired financing receivable, with an allowance recorded, related allowance	0		0
Average Recorded Investment	2,433	0
Interest Income	0	0
Commercial and Industrial | SBA commercial term
Financing Receivable, Impaired [Line Items]
Impaired financing receivable, with no allowance recorded, recorded investment	431		457
Impaired financing receivable, with no allowance recorded, unpaid principal balance	475		495
Impaired financing receivable, with an allowance recorded, recorded investment	26		28
Impaired financing receivable, with an allowance recorded, unpaid principal balance	27		28
Impaired financing receivable, with an allowance recorded, related allowance	15		$ 15
Average Recorded Investment	541	242
Interest Income	$ 1	$ 1

Loans and Allowance for Loan _8

Loans and Allowance for Loan Losses - Troubled Debt Restructurings (Details)	3 Months Ended
	Mar. 31, 2020USD ($)loan	Mar. 31, 2019USD ($)loan	Dec. 31, 2019USD ($)
Loans Modified as TDRs as of Period End [Abstract]
Accruing	$ 679,000		$ 700,000
Nonaccrual	145,000		121,000
Total	$ 824,000		821,000
Loans Modified as TDRs During the Period [Abstract]
Number of Loans | loan	2	0
Pre-Modification Outstanding Recorded Investment	$ 37,000	$ 0
Post-Modification Outstanding Recorded Investment	37,000	$ 0
Number of commitments to lend to customers with outstanding loans that were classified as TDRs	0		0
Allowance for loan losses	$ 16,000		4,000
Number of Loans | loan	1	0
Recorded Investment at Date of Default	$ 26,000	$ 0
Real Estate | Commercial property
Loans Modified as TDRs as of Period End [Abstract]
Accruing	338,000		339,000
Nonaccrual	0		0
Total	338,000		339,000
Real Estate | SBA property
Loans Modified as TDRs as of Period End [Abstract]
Accruing	288,000		294,000
Nonaccrual	119,000		121,000
Total	407,000		415,000
Commercial and Industrial | Commercial term
Loans Modified as TDRs as of Period End [Abstract]
Accruing	26,000		28,000
Nonaccrual	0		0
Total	26,000		28,000
Commercial and Industrial | SBA commercial term
Loans Modified as TDRs as of Period End [Abstract]
Accruing	27,000		39,000
Nonaccrual	26,000		0
Total	$ 53,000		$ 39,000
Loans Modified as TDRs During the Period [Abstract]
Number of Loans | loan	2,000	0
Pre-Modification Outstanding Recorded Investment	$ 37,000	$ 0
Post-Modification Outstanding Recorded Investment	$ 37,000	$ 0
Number of Loans | loan	1	0
Recorded Investment at Date of Default	$ 26,000	$ 0

Loans and Allowance for Loan _9

Loans and Allowance for Loan Losses - Loans Held-For-Sale (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Transfer of loans to held-for-sale	$ 1,355,000	$ 303,000
Loans held-for-sale	16,191,000		$ 1,975,000
Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Proceeds from sale of loans held-for-investment	0	0
Real Estate | Residential property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Transfer of loans to held-for-sale	1,125,000	303,000
Purchase of loans held-for-investment	0	0
Loans held-for-sale	1,997,000		760,000
Real Estate | SBA property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-sale	12,983,000		150,000
Commercial and Industrial | SBA commercial term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Transfer of loans to held-for-sale	230,000	$ 0
Loans held-for-sale	$ 1,211,000		$ 1,065,000

Servicing Assets - Narrative (D

Servicing Assets - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Transfers and Servicing [Abstract]
Total servicing assets	$ 6,358		$ 6,798
Loans sold with servicing rights retained	11,500	$ 21,200
Net gain on sale	699	1,100
Loan servicing income	$ 554	$ 631

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, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
Servicing Assets at Fair Value [Line Items]
Carrying amount	$ 6,358	$ 6,798
Residential Property
Servicing Assets at Fair Value [Line Items]
Carrying amount	153	171	$ 221	$ 244
Fair value	$ 188	$ 200
Discount rate	11.25%	11.25%
Prepayment speed	25.40%	26.60%
Weighted average remaining life	26 years 6 months 22 days	24 years 1 month 28 days
Underlying loans being serviced	$ 29,500	$ 32,428
SBA Property
Servicing Assets at Fair Value [Line Items]
Carrying amount	5,448	5,805	6,277	6,349
Fair value	$ 6,254	$ 6,693
Discount rate	13.25%	13.25%
Prepayment speed	17.06%	16.28%
Weighted average remaining life	21 years 1 month 10 days	21 years 3 months 4 days
Underlying loans being serviced	$ 370,520	$ 384,007
SBA Commercial Term
Servicing Assets at Fair Value [Line Items]
Carrying amount	757	822	$ 987	$ 1,073
Fair value	$ 889	$ 976
Discount rate	12.75%	12.75%
Prepayment speed	16.47%	16.03%
Weighted average remaining life	7 years 9 days	7 years 9 days
Underlying loans being serviced	$ 78,728	$ 82,181

Servicing Assets - Summary of C

Servicing Assets - Summary of Changes in Servicing Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance at beginning of period	$ 6,798
Amortization	(604)	$ (516)
Balance at end of period	6,358
Residential Property
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance at beginning of period	171	244
Additions	0	0
Amortization	(18)	(23)
Balance at end of period	153	221
SBA Property
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance at beginning of period	5,805	6,349
Additions	122	284
Amortization	(479)	(356)
Balance at end of period	5,448	6,277
SBA Commercial Term
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance at beginning of period	822	1,073
Additions	42	51
Amortization	(107)	(137)
Balance at end of period	$ 757	$ 987

Operating Leases - Narrative (D

Operating Leases - Narrative (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)Renew_Option	Dec. 31, 2019USD ($)	Jan. 01, 2019USD ($)	Dec. 31, 2018USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Right-of-use lease assets	$ 8,393	$ 8,991
Operating lease liabilities	$ 9,349	$ 9,990
Cumulative effect adjustment to retained earnings				$ 53
Number of options to renew | Renew_Option	1
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
Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect adjustment to retained earnings				$ 53
ASU 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Right-of-use lease assets			$ 9,600
Operating lease liabilities			10,600
ASU 2016-02 | Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect adjustment to retained earnings			$ 53

Operating Leases - Cost and Sup

Operating Leases - Cost and Supplemental Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Leases [Abstract]
Operating lease cost	$ 691	$ 624
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	0	650
Right of use assets obtained in exchange for lease obligations	38	$ 65
Operating leases:
Operating lease assets	8,393		$ 8,991
Operating lease liabilities	$ 9,349		$ 9,990
Weighted-average remaining lease term	4 years 9 months 3 days		4 years 11 months 19 days
Weighted-average discount rate	2.72%		2.81%

Operating Leases - Maturities o

Operating Leases - Maturities of Operating Lease Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Maturities:
2020	$ 1,951
2021	2,297
2022	2,171
2023	1,828
2024	547
After 2024	1,351
Total lease payment	10,145
Imputed Interest	(796)
Present value of operating lease liabilities	$ 9,349	$ 9,990

Federal Home Loan Bank Advanc_2

Federal Home Loan Bank Advances and Other Borrowings (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Borrowings from the FHLB	$ 80,000,000	$ 20,000,000
FHLB, Fixed-rate borrowings	$ 80,000,000
Weighted average interest rate	0.82%	1.92%
Loans pledged to secure borrowings	$ 562,500,000	$ 621,700,000
Additional borrowing capacity	356,600,000	404,800,000
FHLB of San Francisco
Debt Instrument [Line Items]
Investment in capital stock of the FHLB	8,200,000	$ 8,200,000
FHLB Advances
Debt Instrument [Line Items]
Unused borrowing capacity	39,400,000
Loans pledged as collateral	47,200,000
Borrowings outstanding	0
Overnight federal funds lines, maximum borrowing capacity	$ 35,000,000
FHLB Advances | Minimum
Debt Instrument [Line Items]
Maturity term	6 months	3 years
FHLB Advances | Maximum
Debt Instrument [Line Items]
Maturity term	5 years	5 years

Shareholders_ Equity - Narrativ

Shareholders’ Equity - Narrative (Details) - USD ($)	1 Months Ended	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2020	Jan. 23, 2020
Equity [Abstract]
Authorized amount of shares under repurchase plan			$ 6,500,000
Repurchase of common stock (in shares)	428,474
Repurchase of common stock (in dollars per share)	$ 15.14
Repurchase of common stock	$ 6,500,000	$ 6,487,000

Shareholders_ Equity - Schedule

Shareholders’ Equity - Schedule of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Unrealized gain (loss) on securities available-for-sale:
Beginning balance	$ 226,834	$ 210,296
Other comprehensive income
Total other comprehensive income, net of tax	948	827
Balance at end of period	224,125	217,211
Unrealized gain (loss) on securities available-for-sale:
Unrealized gain (loss) on securities available-for-sale:
Beginning balance	(57)	(1,647)
Other comprehensive income
Unrealized gain arising during the period	1,342	1,172
Tax effect of current period changes	(394)	(345)
Total other comprehensive income, net of tax	948	827
Balance at end of period	$ 891	$ (820)

Share-Based Compensation - Narr

Share-Based Compensation - Narrative (Details) - shares	3 Months Ended
	Mar. 31, 2020	Jul. 25, 2013
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)	543,354
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award contractual term	10 years
Stock options | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	3 years
Stock options | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	5 years
Restricted stock awards | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	3 years
Restricted stock awards | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	5 years

Share-Based Compensation - Shar

Share-Based Compensation - Share-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 194	$ 161
Related tax benefits	8	11
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	157	161
Restricted stock awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 37	$ 0

Share-Based Compensation - Unre

Share-Based Compensation - Unrecognized Share-based Compensation Expense (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options	$ 805
Restricted stock awards	543
Total unrecognized share-based compensation expense	$ 1,348
Weighted-Average Remaining Expected Recognition Period	2 years 9 months 10 days
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-Average Remaining Expected Recognition Period	2 years 1 month 2 days
Restricted stock awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-Average Remaining Expected Recognition Period	3 years 9 months 18 days

Share-Based Compensation - Opti

Share-Based Compensation - Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding at beginning of period (in shares)	829,376
Exercised (in shares)	(90,544)
Forfeited (in shares)	(4,840)
Outstanding at end of year (in shares)	733,992	829,376
Exercisable (in shares)	509,815
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)	$ 10.32
Weighted-Average Exercise Price Per Share, Exercised (in dollars per share)	6.68
Weighted Average Exercise Price Per Share, Forfeited (in dollars per share)	10.33
Weighted-Average Exercise Price Per Share, Outstanding at ending of period (in dollars per share)	10.76	$ 10.32
Weighted-Average Exercise Price Per Share, Exercisable (in dollars per share)	$ 9.65
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Weighted-Average Contractual Term,	5 years 9 months 6 days	5 years 9 months 19 days
Weighted-Average Contractual Term, Exercised	3 years 10 months
Weighted-Average Contractual Term, Forfeited	5 years 7 months
Weighted-Average Contractual Term, Exercisable	5 years 2 months 14 days
Aggregate Intrinsic Value, Balance	$ (722)	$ 5,776
Aggregate Intrinsic Value, Exercisable	$ 64

Share-Based Compensation - Nonv

Share-Based Compensation - Nonvested Options (Details)	3 Months Ended
	Mar. 31, 2020$ / sharesshares
Number of Shares
Outstanding at beginning of period (in shares) | shares	246,317
Unvested Options, Vested (in shares) | shares	(17,300)
Unvested Options, Forfeited (in shares) | shares	(4,840)
Outstanding at end of period (in shares) | shares	224,177
Weighted-Average Exercise Price Per Share
Weighted-Average Exercise Price Per Share, Outstanding (in dollars per share) | $ / shares	$ 13.31
Weighted-Average Exercise Price Per Share, Vested (in dollars per share) | $ / shares	14.47
Weighted -Average Exercise Price Per Share, Forfeited(in dollars per share) | $ / shares	10.33
Weighted-Average Exercise Price Per Share, Outstanding (in dollars per share) | $ / shares	$ 13.29

Share-Based Compensation - Rest

Share-Based Compensation - Restricted Stock Awards (Details) - Restricted stock awards	3 Months Ended
	Mar. 31, 2020$ / sharesshares
Number of Shares
Outstanding at beginning of period (in shares) | shares	37,400
Granted (in shares) | shares	1,000
Outstanding at end of period (in shares) | shares	38,400
Weighted-Average Exercise Price Per Share
Weighted-Average Exercise Price Per Share, Outstanding (in dollars per share) | $ / shares	$ 16.60
Weighted-Average Exercise Price Per Share, Granted (in dollars per share) | $ / shares	13.72
Weighted-Average Exercise Price Per Share, Outstanding (in dollars per share) | $ / shares	$ 16.53

Income Taxes (Details)

Income Taxes (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Income tax expense	$ 1,557,000	$ 2,794,000
Effective tax rate	30.40%	29.90%
Unrecognized tax benefits	$ 0		$ 0

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Basic earnings per share:
Net income	$ 3,572	$ 6,564
Less: income allocated to unvested restricted stock	(9)	0
Net income allocated to common stock	$ 3,563	$ 6,564
Weighted-average total common shares outstanding (in shares)	15,543,473	15,999,464
Weighted average unvested restricted stock (in shares)	(37,774)	0
Weighted-average common shares outstanding (in shares)	15,505,699	15,999,464
Basic earnings per share (in dollars per share)	$ 0.23	$ 0.41
Diluted earnings per share:
Net income allocated to common stock	$ 3,563	$ 6,564
Weighted-average common shares outstanding (in shares)	15,505,699	15,999,464
Diluted effect of stock options (in shares)	194,445	271,805
Diluted weighted-average common shares outstanding (in shares)	15,700,144	16,271,269
Diluted earnings per share (in shares)	$ 0.23	$ 0.40
Antidilutive securities earnings per share, amount	163,000	15,000

Commitments and Contingencies_2

Commitments and Contingencies (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Other Commitments [Line Items]
Outstanding financial commitments whose contractual amount represents credit risk	$ 181,620	$ 175,200
SEC Schedule, 12-09, Reserve, Off-balance Sheet Activity
Other Commitments [Line Items]
Reserve for off-balance sheet items	292	301
Commitments to extend credit
Other Commitments [Line Items]
Outstanding financial commitments whose contractual amount represents credit risk	177,787	171,608
Standby letters of credit
Other Commitments [Line Items]
Outstanding financial commitments whose contractual amount represents credit risk	3,350	3,300
Commercial letters of credit
Other Commitments [Line Items]
Outstanding financial commitments whose contractual amount represents credit risk	$ 483	$ 292

Regulatory Matters (Details)

Regulatory Matters (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
PCB Bancorp
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Capital conservation buffer	8.71%	8.90%
Actual
Common tier 1 capital (to risk-weighted assets), amount	$ 222,477	$ 226,069
Common tier 1 capital (to risk-weighted assets), ratio	15.53%	15.87%
Total capital (to risk-weighted assets), amount	$ 239,443	$ 240,750
Total capital (to risk-weighted assets), ratio	16.71%	16.90%
Tier 1 capital (to risk-weighted assets), amount	$ 222,477	$ 226,069
Tier 1 capital (to risk-weighted assets), ratio	15.53%	15.87%
Tier 1 capital (to average assets), amount	$ 222,477	$ 226,069
Tier 1 capital (to average assets), ratio	12.57%	13.23%
Minimum Capital Requirement
Common tier 1 capital (to risk-weighted assets), amount	$ 64,479	$ 64,087
Common tier 1 capital (to risk-weighted assets), ratio	4.50%	4.50%
Total capital (to risk-weighted assets), amount	$ 114,630	$ 113,933
Total capital (to risk-weighted assets), ratio	8.00%	8.00%
Tier 1 capital (to risk-weighted assets), amount	$ 85,972	$ 85,450
Tier 1 capital (to risk-weighted assets), ratio	6.00%	6.00%
Tier 1 capital (to average assets), amount	$ 70,801	$ 68,355
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	8.47%	8.71%
Actual
Common tier 1 capital (to risk-weighted assets), amount	$ 218,946	$ 223,241
Common tier 1 capital (to risk-weighted assets), ratio	15.28%	15.68%
Total capital (to risk-weighted assets), amount	$ 235,912	$ 237,922
Total capital (to risk-weighted assets), ratio	16.47%	16.71%
Tier 1 capital (to risk-weighted assets), amount	$ 218,946	$ 223,241
Tier 1 capital (to risk-weighted assets), ratio	15.28%	15.68%
Tier 1 capital (to average assets), amount	$ 218,946	$ 223,241
Tier 1 capital (to average assets), ratio	12.37%	13.06%
Minimum Capital Requirement
Common tier 1 capital (to risk-weighted assets), amount	$ 64,461	$ 64,084
Common tier 1 capital (to risk-weighted assets), ratio	4.50%	4.50%
Total capital (to risk-weighted assets), amount	$ 114,597	$ 113,928
Total capital (to risk-weighted assets), ratio	8.00%	8.00%
Tier 1 capital (to risk-weighted assets), amount	$ 85,948	$ 85,446
Tier 1 capital (to risk-weighted assets), ratio	6.00%	6.00%
Tier 1 capital (to average assets), amount	$ 70,798	$ 68,354
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	$ 93,110	$ 92,566
Common tier 1 capital (to risk-weighted assets), ratio	6.50%	6.50%
Total capital (to risk-weighted assets), amount	$ 143,247	$ 142,410
Total capital (to risk-weighted assets), ratio	10.00%	10.00%
Tier 1 capital (to risk-weighted assets), amount	$ 114,597	$ 113,928
Tier 1 capital (to risk-weighted assets), ratio	8.00%	8.00%
Tier 1 capital (to average assets), amount	$ 88,498	$ 85,442
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, 2020	Mar. 31, 2019
Disaggregation of Revenue [Line Items]
Total noninterest income in-scope of Topic 606	$ 639	$ 588
Monthly service fees
Disaggregation of Revenue [Line Items]
Total noninterest income in-scope of Topic 606	28	28
Account analysis fees
Disaggregation of Revenue [Line Items]
Total noninterest income in-scope of Topic 606	235	227
Non-sufficient funds charges
Disaggregation of Revenue [Line Items]
Total noninterest income in-scope of Topic 606	100	86
Other deposit related fees
Disaggregation of Revenue [Line Items]
Total noninterest income in-scope of Topic 606	27	23
Total service charges and fees on deposits
Disaggregation of Revenue [Line Items]
Total noninterest income in-scope of Topic 606	390	364
Debit card fees
Disaggregation of Revenue [Line Items]
Total noninterest income in-scope of Topic 606	69	65
Wire transfer fees
Disaggregation of Revenue [Line Items]
Total noninterest income in-scope of Topic 606	128	109
Other service charges
Disaggregation of Revenue [Line Items]
Total noninterest income in-scope of Topic 606	$ 52	$ 50

Subsequent Events (Details)

Subsequent Events (Details) - $ / shares	Apr. 29, 2020	Mar. 31, 2020	Mar. 31, 2019
Subsequent Event [Line Items]
Cash dividends declared on common stock (in dollars per share)		$ 0.10	$ 0.05
Subsequent Event
Subsequent Event [Line Items]
Cash dividends declared on common stock (in dollars per share)	$ 0.10