PCB Bancorp (PCB) 10-Q 6 Nov 20 2020 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2020	Oct. 30, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2020
Document Transition Report	false
Entity File Number	001-38621
Entity Registrant Name	PCB BANCORP
Entity Incorporation, State or Country Code	CA
Entity Tax Identification Number	20-8856755
Entity Address, Address Line One	3701 Wilshire Boulevard
Entity Address, Address Line Two	Suite 900
Entity Address, City or Town	Los Angeles
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90010
City Area Code	213
Local Phone Number	210-2000
Title of 12(b) Security	Common stock, no par value
Trading Symbol	PCB
Security Exchange Name	NASDAQ
Entity current reporting status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity small business	true
Entity emerging growth company	true
Transition period	true
Entity shell company	false
Entity Common Stock, Shares Outstanding		15,379,538
Current Fiscal Year End Date	--12-31
Amendment Flag	false
Entity Central Index Key	0001423869
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Assets
Cash and due from banks	$ 13,572	$ 17,808
Interest-bearing deposits in other financial institutions	243,810	128,420
Total cash and cash equivalents	257,382	146,228
Securities available-for-sale, at fair value	128,982	97,566
Preferred stock, 10,000,000 shares authorized, no par value, no issued and outstanding shares	0	20,154
Total investment securities	128,982	117,720
Loans held-for-sale	30,878	1,975
Loans held-for-investment, net of deferred loan costs (fees)	1,578,804	1,450,831
Allowance for loan losses	(24,546)	(14,380)
Net loans held-for-investment	1,554,258	1,436,451
Premises and equipment, net	4,355	3,760
Federal Home Loan Bank and other restricted stock, at cost	8,447	8,345
Other real estate owned, net	376	0
Deferred tax assets, net	7,454	5,288
Servicing assets	6,166	6,798
Operating lease assets	7,329	8,991
Accrued interest receivable	11,246	5,136
Other assets	4,314	5,636
Total assets	2,021,187	1,746,328
Deposits:
Noninterest-bearing demand	576,086	360,039
Savings, NOW and money market accounts	407,790	362,179
Time deposits of $250,000 or less	406,023	467,363
Time deposits of more than $250,000	257,208	289,726
Total deposits	1,647,107	1,479,307
Federal Home Loan Bank advances	130,000	20,000
Operating lease liabilities	8,204	9,990
Accrued interest payable and other liabilities	6,537	10,197
Total liabilities	1,791,848	1,519,494
Commitments and contingencies
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; 15,379,538 and 15,707,016 shares issued and outstanding, respectively, and included 30,300 and 37,400 shares of unvested restricted stock, respectively, at September 30, 2020 and December 31, 2019	163,960	169,221
Retained earnings	63,443	57,670
Accumulated other comprehensive income (loss), net	1,936	(57)
Total shareholders’ equity	229,339	226,834
Total liabilities and shareholders’ equity	$ 2,021,187	$ 1,746,328

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Securities held-to-maturity, fair value		$ 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)	15,379,538	15,707,016
Common stock, outstanding (in shares)	15,379,538	15,707,016
Restricted stock awards
Unvested restricted stock (in shares)	30,300	37,400

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Interest income:
Interest and fees on loans	$ 18,938	$ 21,876	$ 57,617	$ 64,779
Interest on tax-exempt investment securities	37	38	113	115
Interest on investment securities	478	940	1,585	3,018
Interest and dividends on other interest-earning assets	167	833	938	2,757
Total interest income	19,620	23,687	60,253	70,669
Interest expense:
Interest on deposits	2,599	6,060	11,000	17,925
Interest on borrowings	168	98	471	370
Total interest expense	2,767	6,158	11,471	18,295
Net interest income	16,853	17,529	48,782	52,374
Provision (reversal) for loan losses	4,326	(102)	11,077	207
Net interest income after provision for loan losses	12,527	17,631	37,705	52,167
Noninterest income:
Service charges and fees on deposits	531	667	1,660	1,875
Loan servicing income	856	534	2,312	1,657
Gain on sale of loans	821	1,540	3,044	4,551
Other income	315	323	915	920
Total noninterest income	2,272	2,802	7,216	8,265
Noninterest expense:
Salaries and employee benefits	6,438	6,901	18,750	20,123
Occupancy and equipment	1,416	1,408	4,196	4,128
Professional fees	325	664	1,631	2,108
Marketing and business promotion	193	292	920	1,049
Data processing	373	348	1,097	1,004
Director fees and expenses	125	188	453	562
Regulatory assessments	267	0	728	425
Other expenses	749	976	2,374	2,651
Total noninterest expense	9,886	10,777	30,149	32,050
Income before income taxes	4,913	9,656	14,772	28,382
Income tax expense	1,464	2,871	4,384	8,432
Net income	$ 3,449	$ 6,785	$ 10,388	$ 19,950
Earnings per common share, basic (in dollars per share)	$ 0.22	$ 0.43	$ 0.67	$ 1.25
Earnings per common share, diluted (in dollars per share)	$ 0.22	$ 0.42	$ 0.67	$ 1.23
Weighted-average common shares outstanding, basic (in shares)	15,343,888	15,816,269	15,395,475	15,943,603
Weighted-average common shares outstanding, diluted (in shares)	15,377,531	16,099,598	15,466,207	16,231,848
Service charges and fees on deposits
Noninterest income:
Service charges and fees on deposits	$ 280	$ 405	$ 945	$ 1,137

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 3,449	$ 6,785	$ 10,388	$ 19,950
Other comprehensive income (loss):
Unrealized gain (loss) on securities available-for-sale arising during the period	(9)	443	2,045	3,253
Unrealized gain arising from the reclassification of securities held-to-maturity to securities available-for-sale	0	0	787	0
Income tax benefit (expense) related to items of other comprehensive income (loss)	3	(130)	(839)	(955)
Total other comprehensive income (loss), net of tax	(6)	313	1,993	2,298
Total comprehensive income	$ 3,443	$ 7,098	$ 12,381	$ 22,248

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Cumulative Effect, Period of Adoption, Adjusted Balance	Common Stock	Common StockCumulative Effect, Period of Adoption, Adjusted Balance	Retained Earnings	Retained EarningsCumulative Effect, Period of Adoption, Adjustment	Retained EarningsCumulative Effect, Period of Adoption, Adjusted Balance	Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss)Cumulative Effect, Period of Adoption, Adjusted Balance
Beginning balance at Dec. 31, 2018	$ 210,296	$ (53)	$ 210,243	$ 174,366	$ 174,366	$ 37,577	$ (53)	$ 37,524	$ (1,647)	$ (1,647)
Beginning balance (in shares) at Dec. 31, 2018				15,977,754	15,977,754
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	19,950					19,950
Other comprehensive income, net of tax	2,298								2,298
Issuance of restricted stock (in shares)				37,700
Repurchase of common stock (in shares)				(374,069)
Repurchase of common stock	(6,104)			$ (6,104)
Share-based compensation expense	503			$ 503
Stock options exercised (in shares)				68,902
Stock options exercised	459			$ 459
Cash dividends declared on common stock	(2,706)					(2,706)
Ending balance at Sep. 30, 2019	224,643			$ 169,224		54,768			651
Ending balance (in shares) at Sep. 30, 2019				15,710,287
Beginning balance at Jun. 30, 2019	223,400			$ 174,135		48,927			338
Beginning balance (in shares) at Jun. 30, 2019				15,980,655
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	6,785					6,785
Other comprehensive income, net of tax	313								313
Issuance of restricted stock (in shares)				37,700
Repurchase of common stock (in shares)				(316,518)
Repurchase of common stock	(5,130)			$ (5,130)
Share-based compensation expense	180			$ 180
Stock options exercised (in shares)				8,450
Stock options exercised	39			$ 39
Cash dividends declared on common stock	(944)					(944)
Ending balance at Sep. 30, 2019	224,643			$ 169,224		54,768			651
Ending balance (in shares) at Sep. 30, 2019				15,710,287
Beginning balance at Dec. 31, 2019	$ 226,834			$ 169,221		57,670			(57)
Beginning balance (in shares) at Dec. 31, 2019	15,707,016			15,707,016
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 10,388					10,388
Other comprehensive income, net of tax	1,993								1,993
Issuance of restricted stock (in shares)				1,900
Restricted stock surrendered due to employee tax liability (in shares)				(165)
Restricted stock surrendered due to employee tax liability	(2)			$ (2)
Repurchase of common stock (in shares)				(428,474)
Repurchase of common stock	(6,487)			$ (6,487)
Share-based compensation expense	$ 592			$ 592
Stock options exercised (in shares)	99,261			99,261
Stock options exercised	$ 636			$ 636
Cash dividends declared on common stock	(4,615)					(4,615)
Ending balance at Sep. 30, 2020	$ 229,339			$ 163,960		63,443			1,936
Ending balance (in shares) at Sep. 30, 2020	15,379,538			15,379,538
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accounting Standards Update [Extensible List]	us-gaap:AccountingStandardsUpdate201602Member
Beginning balance at Jun. 30, 2020	$ 227,233			$ 163,759		61,532			1,942
Beginning balance (in shares) at Jun. 30, 2020				15,377,935
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	3,449					3,449
Other comprehensive income, net of tax	(6)								(6)
Issuance of restricted stock (in shares)				900
Restricted stock surrendered due to employee tax liability (in shares)				(165)
Restricted stock surrendered due to employee tax liability	(2)			$ (2)
Share-based compensation expense	$ 200			$ 200
Stock options exercised (in shares)	868			868
Stock options exercised	$ 3			$ 3
Cash dividends declared on common stock	(1,538)					(1,538)
Ending balance at Sep. 30, 2020	$ 229,339			$ 163,960		$ 63,443			$ 1,936
Ending balance (in shares) at Sep. 30, 2020	15,379,538			15,379,538

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Statement of Stockholders' Equity [Abstract]
Cash dividends declared (in dollars per share)	$ 0.10	$ 0.06	$ 0.30	$ 0.17

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Cash flows from operating activities
Net income	$ 10,388	$ 19,950
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation of premises and equipment	1,118	1,152
Net amortization of premiums on securities	656	641
Net accretion of discounts on loans	(2,301)	(3,083)
Net accretion of deferred loan costs (fees)	(1,988)	(327)
Amortization of servicing assets	1,385	1,875
Provision for loan losses	11,077	207
Deferred tax benefit	(3,005)	(967)
Stock-based compensation	592	503
Gain on sale of loans	(3,044)	(4,551)
Originations of loans held-for-sale	(100,507)	(75,023)
Proceeds from sales of and principal collected on loans held-for-sale	75,389	84,943
Change in accrued interest receivable and other assets	(4,911)	840
Change in accrued interest payable and other liabilities	(3,944)	(326)
Net cash provided by (used in) operating activities	(19,095)	25,834
Cash flows from investing activities
Purchase of securities available-for-sale	(36,640)	(6,247)
Proceeds from maturities, calls, and paydowns of securities available-for-sale	26,245	21,365
Purchase of securities held-to-maturity	0	(2,150)
Proceeds from maturities and paydowns of securities held-to-maturity	1,309	2,192
Proceeds from sale of loans held-for-sale previously classified as held-for-investment	664	826
Net change in loans held-for-investment	(129,337)	(50,280)
Purchase of loans held-for-investment	0	(893)
Purchase of Federal Home Loan Bank stock	(102)	(912)
Proceeds from sale of other real estate owned	2,490	321
Purchases of premises and equipment	(1,714)	(575)
Net cash used in investing activities	(137,085)	(36,353)
Cash flows from financing activities
Net change in deposits	167,800	(11,491)
Proceeds from long-term Federal Home Loan Bank advances	140,000	0
Repayment of long-term Federal Home Loan Bank advances	(30,000)	(10,000)
Stock options exercised	636	459
Repurchase of common stock	(6,487)	(6,104)
Cash dividends paid on common stock	(4,615)	(2,706)
Net cash provided by (used in) financing activities	267,334	(29,842)
Net increase (decrease) in cash and cash equivalents	111,154	(40,361)
Cash and cash equivalents at beginning of period	146,228	162,273
Cash and cash equivalents at end of period	257,382	121,912
Supplemental disclosures of cash flow information:
Interest paid	14,849	19,018
Income taxes paid	6,621	9,410
Supplemental disclosures of non-cash investment activities:
Loans transferred to loans held-for-sale	1,355	824
Loans transferred to other real estate owned	2,544	50
Reclassification of securities held-to-maturity to securities available-for-sale	18,777	0
Right of use assets obtained in exchange for lease obligations	$ 105	$ 1,616

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies	9 Months Ended
	Sep. 30, 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 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 9 loan production offices (“LPOs”) in Irvine, Artesia and Los Angeles, California; Annandale, Virginia; Chicago, Illinois; 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 nine months ended September 30, 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 September 30, 2020 and December 31, 2019 and for the three and nine months ended September 30, 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. Reclassification of Securities Held-To-Maturity to Securities Available-For-Sale During the three months ended June 30, 2020, the Company transferred securities held-to-maturity to securities available-for-sale as a part of the Company’s liquidity management plan in response to the COVID-19 pandemic. Management determined that its securities held-to-maturity no longer adhere to the Company’s current liquidity management plan and could be sold to potentially improve liquidity position. Accordingly, the Company was no longer able to assert that it had the intent to hold these securities until maturity and the Company’s ability to assert that it has the intent and ability to hold to maturity debt securities will be limited for up to two years. The Company transferred all securities held-to-maturity of $18.8 million to securities available-for-sale, which resulted in a pre-tax increase to accumulated other comprehensive income of $787 thousand. Loan Modifications Related to the COVID-19 Pandemic On March 27, 2020, the CARES Act was enacted and provided financial institutions the option to temporarily suspend certain requirements under GAAP related to troubled debt restructurings (“TDRs”) for a limited period of time to account for the effect of the COVID-19 pandemic. Under the CARES Act, modifications made from March 1, 2020 through the earlier of December 31, 2020 or 60 days after the end of the national emergency, may be subject to temporary suspension if the modifications were made in good faith in response to the COVID-19 pandemic to borrowers whose loan status were no more than 30 days past due as of December 31, 2019, and the modifications were related to arrangements that defer or delay the payments of principal or interest, or change the interest rate on the loan. The banking agencies also issued an Interagency-Statement to encourage banks to work prudently with borrowers and describe the agencies’ interpretation of how accounting rules for TDR apply to certain modifications related to the COVID-19 pandemic. As of September 30, 2020, the Company’s loans under modified terms related to the COVID-19 pandemic, including payment deferments and interest only payments, totaled $171.6 million. All of these loans under modified terms related to the COVID-19 pandemic were accounted for under section 4013 of the CARES Act and not considered TDRs. All types of modifications have initial modification terms of 6-months or less. Small Business Administration Paycheck Protection Program Small Business Administration (“SBA”) launched the Paycheck Protection Program (“PPP”) to provide a direct incentive for small businesses to keep their workers on the payroll in response to the COVID-19 pandemic. SBA will forgive loans if all employee retention criteria are met and the funds are used for eligible expenses. As of September 30, 2020, the Company had 1,614 SBA PPP loans totaling $136.4 million, net of unamortized deferred fees and costs. The Company deferred loan origination fees of $5.7 million and direct origination costs of $1.1 million on SBA PPP loans. The Company amortizes these deferred fees and costs without prepayment assumption using the contractual lives of SBA PPP loans. The SBA guarantee on PPP loans cannot be separated from the loan and therefore is not a separate unit of account. The Company considered the SBA guarantee in the allowance for loan losses evaluation and determined that it is not required to reserve an allowance on SBA PPP loans at September 30, 2020. Adopted Accounting Pronouncements During the nine months ended September 30, 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	9 Months Ended
	Sep. 30, 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 Significant Unobservable Inputs Total September 30, 2020 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ — $ 79,771 $ — $ 79,771 Residential collateralized mortgage obligations — 30,673 — 30,673 SBA loan pool securities — 12,707 — 12,707 Municipal bonds — 5,831 — 5,831 Total securities available-for-sale — 128,982 — 128,982 Total assets measured at fair value on a recurring basis $ — $ 128,982 $ — $ 128,982 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 Significant Unobservable Inputs Total September 30, 2020 Impaired loans: SBA property $ — $ — $ 251 $ 251 Commercial lines of credit — — 1,120 1,120 SBA commercial term — — 12 12 Total impaired loans — — 1,383 1,383 Total assets measured at fair value on a non-recurring basis $ — $ — $ 1,383 $ 1,383 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) September 30, 2020 Impaired loans: SBA property $ 251 Fair value of collateral NM NM Commercial lines of credit $ 1,120 Sales comparison approach Adjustment for differences between the comparable estate sales -10% to 13% (2.1%) SBA commercial term $ 12 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, and specific reserves recorded for the periods indicated: Three Months Ended September 30, Nine Months Ended September 30, ($ in thousands) 2020 2019 2020 2019 Collateral dependent impaired loans: SBA property $ (9) $ — $ (147) $ (20) Commercial lines of credit (79) — (799) — SBA commercial term — — (164) — Other real estate owned — (18) — (18) Net losses recognized $ (88) $ (18) $ (1,110) $ (38) 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 September 30, 2020 Financial assets: Interest-bearing deposits in other financial institutions $ 243,810 $ 243,810 $ 243,810 $ — $ — Securities available-for-sale 128,982 128,982 — 128,982 — Loans held-for-sale 30,878 33,770 — 33,770 — Net loans held-for-investment 1,554,258 1,568,235 — — 1,568,235 FHLB and other restricted stock 8,447 N/A N/A N/A N/A Accrued interest receivable 11,246 11,246 4 314 10,928 Financial liabilities: Deposits $ 1,647,107 $ 1,653,614 $ — $ — $ 1,653,614 FHLB advances 130,000 130,406 — 130,406 — Accrued interest payable 2,626 2,626 — 2 2,624 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	9 Months Ended
	Sep. 30, 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. During the three months ended June 30, 2020, the Company transferred securities held-to-maturity to securities available-for-sale as a part of the Company’s liquidity management plan in response to the COVID-19 pandemic. Management determined that its securities held-to-maturity no longer adhere to the Company’s current liquidity management plan and could be sold to potentially improve liquidity position. Accordingly, the Company was no longer able to assert that it had the intent to hold these securities until maturity and the Company’s ability to assert that it has the intent and ability to hold to maturity debt securities will be limited for up to two years. The Company transferred all securities held-to-maturity of $18.8 million to securities available-for-sale, which resulted in a pre-tax increase to accumulated other comprehensive income of $787 thousand. The following table presents the amortized cost and fair value of the investment securities as of the dates indicated: ($ in thousands) Amortized Cost Gross Unrealized Gain Gross Unrealized Loss Fair Value September 30, 2020 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ 78,289 $ 1,504 $ (22) $ 79,771 Residential collateralized mortgage obligations 30,430 312 (69) 30,673 SBA loan pool securities 12,335 395 (23) 12,707 Municipal bonds 5,381 450 — 5,831 Total securities available-for-sale $ 126,435 $ 2,661 $ (114) $ 128,982 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 September 30, 2020 and December 31, 2019, pledged securities were $100.3 million and $99.3 million, respectively. These securities were pledged for the State Deposit from the California State Treasurer. The following table presents the amortized cost and fair value of the investment securities by contractual maturity as of September 30, 2020. Expected maturities may differ from contractual maturities, if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately. Securities Available-For-Sale ($ in thousands) Amortized Cost Fair Value Within one year $ — $ — One to five years 2,200 2,303 Five to ten years 849 887 Greater than ten years 2,332 2,641 Residential mortgage-backed securities, residential collateralized mortgage obligations and SBA loan pool securities 121,054 123,151 Total $ 126,435 $ 128,982 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 September 30, 2020 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ 9,610 $ (22) 4 $ — $ — — $ 9,610 $ (22) 4 Residential collateralized mortgage obligations 5,100 (7) 5 7,691 (62) 7 12,791 (69) 12 SBA loan pool securities 2,107 (6) 3 1,718 (17) 3 3,825 (23) 6 Total securities available-for-sale $ 16,817 $ (35) 12 $ 9,409 $ (79) 10 $ 26,226 $ (114) 22 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 September 30, 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 September 30, 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 nine months ended September 30, 2020 and 2019.

Loans and Allowance for Loan Lo

Loans and Allowance for Loan Losses	9 Months Ended
	Sep. 30, 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) September 30, 2020 December 31, 2019 Real estate loans: Commercial property $ 853,708 $ 803,014 Residential property 212,804 235,046 SBA property 128,038 129,837 Construction 19,803 19,164 Total real estate loans 1,214,353 1,187,061 Commercial and industrial loans: Commercial term 90,867 103,380 Commercial lines of credit 92,222 111,768 SBA commercial term 23,011 25,332 SBA PPP 136,418 — Total commercial and industrial loans 342,518 240,480 Other consumer loans 21,933 23,290 Loans held-for-investment 1,578,804 1,450,831 Allowance for loan losses (24,546) (14,380) Net loans held-for-investment $ 1,554,258 $ 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 September 30, 2020 and December 31, 2019, the Company had $3.9 million and $3.8 million, respectively, of such loans outstanding. SBA PPP loans The following table presents a summary of SBA PPP loans as of September 30, 2020: ($ in thousands) Number of Loans Amount Loan amount: $50,000 or less 1,043 $ 21,551 Over $50,000 and less than $350,000 499 60,679 Over $350,000 and less than $2,000,000 69 45,813 $2,000,000 or more 3 8,375 Total 1,614 $ 136,418 Loan Modifications Related to the COVID-19 Pandemic The Company provided modifications, including payment deferments and interest only payments, to customers that are adversely affected by the COVID-19. The loan modifications were accounted for under section 4013 of the CARES Act and, therefore, the modified loans were not considered TDRs as of September 30, 2020. All types of modifications have initial modification terms of 6-months or less. At September 30, 2020, all loans under modified terms related to the COVID-19 had remaining modification terms of 4-months or less. The following table presents a summary of loans under modified terms related to the COVID-19 pandemic by portfolio segment as of September 30, 2020: Modification Type ($ in thousands) Payment Deferment Interest Only Payment Total September 30, 2020 Real estate loans: Commercial property $ 135,165 $ 2,397 $ 137,562 Residential property 19,233 — 19,233 Commercial and industrial loans: Commercial term 11,797 2,960 14,757 SBA commercial term — 72 72 Total $ 166,195 $ 5,429 $ 171,624 The Company had loans under modified terms related to the COVID-19 pandemic of $171.6 million and $484.0 million at September 30, 2020 and June 30, 2020, respectively. The decrease was primarily due to expirations of modifications of $220.5 million, early terminations of modifications of $106.7 million, partially offset by subsequent modifications of $19.8 million and new modifications of $1.9 million during the three months ended September 30, 2020. Allowance for Loan Losses The increase in risks associated with economic and business conditions as a result from the COVID-19 pandemic resulted an increase in allowance for loan losses of $4.3 million and $11.1 million for the three and nine months ended September 30, 2020. The SBA guarantee on PPP loans cannot be separated from the loan and therefore is not a separate unit of account. The Company considered the SBA guarantee in the allowance for loan losses evaluation and determined that it is not required to reserve an allowance on SBA PPP loans at September 30, 2020. The following table presents the activities in allowance for loan losses by portfolio segment, which is consistent with the Company’s methodology for determining allowance for loan losses, for the three months ended September 30, 2020 and 2019: ($ in thousands) Real Estate Commercial and Industrial Other Consumer Total Balance at July 1, 2020 $ 15,545 $ 4,337 $ 366 $ 20,248 Charge-offs — — (102) (102) Recoveries on loans previously charged off — 18 56 74 Provision (reversal) for loan losses 2,556 1,686 84 4,326 Balance at September 30, 2020 $ 18,101 $ 6,041 $ 404 $ 24,546 Balance at July 1, 2019 $ 9,711 $ 3,426 $ 191 $ 13,328 Charge-offs — (179) (47) (226) Recoveries on loans previously charged off — 38 56 94 Provision (reversal) for loan losses (33) (6) (63) (102) Balance at September 30, 2019 $ 9,678 $ 3,279 $ 137 $ 13,094 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 nine months ended September 30, 2020 and 2019: ($ in thousands) Real Estate Commercial and Industrial Other Consumer Total Balance at January 1, 2020 $ 9,854 $ 4,354 $ 172 $ 14,380 Charge-offs (138) (916) (241) (1,295) Recoveries on loans previously charged off 56 223 105 384 Provision for loan losses 8,329 2,380 368 11,077 Balance at September 30, 2020 $ 18,101 $ 6,041 $ 404 $ 24,546 Balance at January 1, 2019 $ 9,104 $ 3,877 $ 186 $ 13,167 Charge-offs (19) (347) (158) (524) Recoveries on loans previously charged off 4 112 128 244 Provision (reversal) for loan losses 589 (363) (19) 207 Balance at September 30, 2019 $ 9,678 $ 3,279 $ 137 $ 13,094 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 September 30, 2020 Allowance for loan losses: Individually evaluated for impairment $ 9 $ 79 $ — $ 88 Collectively evaluated for impairment 18,092 5,962 404 24,458 Total $ 18,101 $ 6,041 $ 404 $ 24,546 Loans receivable: Individually evaluated for impairment $ 1,535 $ 1,940 $ — $ 3,475 Collectively evaluated for impairment 1,212,818 340,578 21,933 1,575,329 Total $ 1,214,353 $ 342,518 $ 21,933 $ 1,578,804 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 September 30, 2020 Real estate loans: Commercial property $ 852,325 $ 1,048 $ 335 $ — $ 853,708 Residential property 212,804 — — — 212,804 SBA property 125,497 — 2,541 — 128,038 Construction 19,803 — — — 19,803 Commercial and industrial loans: Commercial term 87,241 3,626 — — 90,867 Commercial lines of credit 90,697 — 1,525 — 92,222 SBA commercial term 22,547 72 392 — 23,011 SBA PPP 136,418 — — — 136,418 Other consumer loans 21,866 — 67 — 21,933 Total $ 1,569,198 $ 4,746 $ 4,860 $ — $ 1,578,804 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 $114 thousand and $2.4 million of guaranteed portion by the U.S. government agency at September 30, 2020 and December 31, 2019, respectively. The following table presents the risk categories for the recorded investment in loans under modified terms related to the COVID-19 pandemic by portfolio segment as of the date indicated: ($ in thousands) Pass Special Mention Substandard Doubtful Total September 30, 2020 Real estate loans: Commercial property $ 137,219 $ 343 $ — $ — $ 137,562 Residential property 19,233 — — — 19,233 Commercial and industrial loans: Commercial term 11,131 3,626 — — 14,757 SBA commercial term — 72 — — 72 Total $ 167,583 $ 4,041 $ — $ — $ 171,624 Loans that are granted modifications related to the COVID-19 pandemic in excess of 6 months, on a cumulative basis, are classified as special mention. 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 September 30, 2020 Real estate loans: Residential property $ 189 $ — $ 699 $ — $ 888 SBA property — — — 923 923 Commercial and industrial loans: Commercial lines of credit — — — 1,525 1,525 SBA commercial term — — — 378 378 Other consumer loans 108 3 — 67 178 Total $ 298 $ 3 $ 699 $ 2,893 $ 3,893 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 September 30, 2020 and December 31, 2019. All loans under modified terms related to the COVID-19 pandemic were on accrual status and current at September 30, 2020. The Company had a residential property loan past due 90 days or more and still accruing at September 30, 2020, which management believes that the loan is well secured and the Bank is in the process of collection. 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 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 September 30, 2020 Real estate loans: Commercial property $ 335 $ 334 $ — $ — $ — SBA property 977 1,071 223 221 9 Commercial and industrial loans: Commercial term 22 22 — — — Commercial lines of credit 1,231 1,231 294 294 79 SBA commercial term 393 417 — — — Total $ 2,958 $ 3,075 $ 517 $ 515 $ 88 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 September 30, 2020 and 2019: Three Months Ended September 30, 2020 2019 ($ in thousands) Average Recorded Investment Interest Income Average Recorded Investment Interest Income Real estate loans: Commercial property $ 336 $ 6 $ 341 $ 6 SBA property 1,203 4 1,896 5 Commercial and industrial loans: Commercial term 24 — 43 1 Commercial lines of credit 1,747 — 327 — SBA commercial term 395 — 105 1 Total $ 3,705 $ 10 $ 2,712 $ 13 The following table presents information on the recorded investment in impaired loans by portfolio segment for the nine months ended September 30, 2020 and 2019: Nine Months Ended September 30, 2020 2019 ($ in thousands) Average Recorded Investment Interest Income Average Recorded Investment Interest Income Real estate loans: Commercial property $ 337 $ 17 $ 114 $ 6 Residential property — — 50 — SBA property 1,554 13 1,637 17 Commercial and industrial loans: Commercial term 25 1 52 3 Commercial lines of credit 2,085 — 109 — SBA commercial term 451 1 135 3 Total $ 4,452 $ 32 $ 2,097 $ 29 The following presents a summary of interest foregone on impaired loans for the periods indicated: Three Months Ended September 30, Nine Months Ended September 30, ($ in thousands) 2020 2019 2020 2019 Interest income that would have been recognized had impaired loans performed in accordance with their original terms $ 53 $ 49 $ 198 $ 113 Less: interest income recognized on impaired loans on a cash basis (10) (13) (32) (29) Interest income foregone on impaired loans $ 43 $ 36 $ 166 $ 84 Troubled Debt Restructurings The following table presents the composition of loans that were modified as TDRs by portfolio segment as of the dates indicated: September 30, 2020 December 31, 2019 ($ in thousands) Accruing Nonaccrual Total Accruing Nonaccrual Total Real estate loans: Commercial property $ 335 $ — $ 335 $ 339 $ — $ 339 SBA property 277 38 315 294 121 415 Commercial and industrial loans: Commercial term 22 — 22 28 — 28 SBA commercial term 15 — 15 39 — 39 Total $ 649 $ 38 $ 687 $ 700 $ 121 $ 821 The following table presents information on new loans that were modified as TDRs for the three months ended September 30, 2020 and 2019: Three Months Ended September 30, 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 Real estate loans: Commercial property — $ — $ — 1 $ 341 $ 341 SBA property (1) — — — 1 123 123 Total — $ — $ — 2 $ 464 $ 464 (1) Modified by deferral of principal payment. The following table presents information on new loans that were modified as TDRs for the nine months ended September 30, 2020 and 2019: Nine Months Ended September 30, 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 Real estate loans: Commercial property — $ — $ — 1 $ 341 $ 341 SBA property (1) — — — 2 254 254 Commercial and industrial loans: SBA commercial term (1) 2 $ 37 $ 37 — $ — $ — Total 2 $ 37 $ 37 3 $ 595 $ 595 (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 September 30, 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 none and $4 thousand of allowance for loan losses as of September 30, 2020 and December 31, 2019, respectively. There were no loans that were modified as TDRs for which there was a payment default within twelve months following the modification for the three months ended September 30, 2020 and 2019. The following table presents information on loans that were modified as TDRs for which there was a payment default within twelve months following the modification for the nine months ended September 30, 2020 and 2019: Nine Months Ended September 30, 2020 2019 ($ 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 — $ — 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 September 30, Nine Months Ended September 30, ($ in thousands) 2020 2019 2020 2019 Real estate loans: Residential property $ — $ 522 $ 1,125 $ 824 Commercial and industrial loans: SBA commercial term — — 230 — Total $ — $ 522 $ 1,355 $ 824 The following table presents a summary of loans held-for-sale transferred to loans held-for-investment for the periods indicated: Three Months Ended September 30, Nine Months Ended September 30, ($ in thousands) 2020 2019 2020 2019 Real estate loans: Residential property $ — $ — $ 697 $ — Total $ — $ — $ 697 $ — The Company had no purchases of loans held-for-investment during the three and nine months ended September 30, 2020. The Company purchased residential property loans of $893 thousand during the three and nine months ended September 30, 2019. The Company had no sales of loans held-for-investment during the three and nine months ended September 30, 2020 and 2019. When the Company changes its intent to hold loans for investment, the loans are transferred to held-for-sale. Loans Held-For-Sale The following table presents a composition of loans held-for-sale as of the dates indicated: ($ in thousands) September 30, 2020 December 31, 2019 Real estate loans: Residential property $ 4,047 $ 760 SBA property 24,197 150 Commercial and industrial loans: SBA commercial term 2,634 1,065 Total $ 30,878 $ 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	9 Months Ended
	Sep. 30, 2020
Transfers and Servicing [Abstract]
Servicing Assets	Servicing Assets At September 30, 2020 and December 31, 2019, total servicing assets were $6.2 million and $6.8 million, respectively. The Company sold loans of $8.6 million and $22.2 million, respectively, with the servicing rights retained and recognized a net gain on sale of $689 thousand and $1.5 million, respectively, during the three months ended September 30, 2020 and 2019. During the nine months ended September 30, 2020 and 2019, the Company sold loans of $47.1 million and $72.5 million, respectively, with the servicing rights retained and recognized a net gain on sale of $2.8 million and $4.5 million, respectively. Loan servicing income was $856 thousand and $534 thousand, respectively, for the three months ended September 30, 2020 and 2019, and $2.3 million and $1.7 million, respectively, for the nine months ended September 30, 2020 and 2019. The following table presents the composition of servicing assets with key assumptions used to estimate the fair value as of the dates indicated: September 30, 2020 December 31, 2019 ($ in thousands) Residential Property SBA Property SBA Commercial Term Residential Property SBA Property SBA Commercial Term Carrying amount $ 117 $ 5,374 $ 675 $ 171 $ 5,805 $ 822 Fair value $ 140 $ 7,890 $ 942 $ 200 $ 6,693 $ 976 Discount rate 11.25 % 13.25 % 12.75 % 11.25 % 13.25 % 12.75 % Prepayment speed 27.60 % 10.78 % 10.70 % 26.60 % 16.28 % 16.03 % Weighted average remaining life 23.4 years 21.1 years 6.8 years 24.2 years 21.3 years 7.0 years Underlying loans being serviced $ 23,618 $ 384,356 $ 76,677 $ 32,428 $ 384,007 $ 82,181 The following table presents activity in servicing assets for the three months ended September 30, 2020 and 2019: Three Months Ended September 30, 2020 2019 ($ in thousands) Residential Property SBA Property SBA Commercial Term Residential Property SBA Property SBA Commercial Term Balance at beginning of period $ 125 $ 5,554 $ 720 $ 204 $ 6,094 $ 932 Additions — 140 16 — 292 39 Amortization (8) (320) (61) (15) (538) (109) Balance at end of period $ 117 $ 5,374 $ 675 $ 189 $ 5,848 $ 862 The following table presents activity in servicing assets for the nine months ended September 30, 2020 and 2019: Nine Months Ended September 30, 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 — 653 100 — 962 146 Amortization (54) (1,084) (247) (55) (1,463) (357) Balance at end of period $ 117 $ 5,374 $ 675 $ 189 $ 5,848 $ 862

Other Real Estate Owned

Other Real Estate Owned	9 Months Ended
	Sep. 30, 2020
Real Estate Owned, Disclosure of Detailed Components [Abstract]
Other Real Estate Owned	Other Real Estate Owned The following table presents activity in OREO for the periods indicated: Three Months Ended September 30, Nine Months Ended September 30, ($ in thousands) 2020 2019 2020 2019 Balance at beginning of period $ 376 $ 395 $ — $ — Additions 2,490 — 2,866 395 Sales (2,490) (329) (2,490) (329) Net change in valuation allowance — (66) — (66) Balance at end of period $ 376 $ — $ 376 $ — The following table presents activity in OREO valuation allowance for the periods indicated: Three Months Ended September 30, Nine Months Ended September 30, ($ in thousands) 2020 2019 2020 2019 Balance at beginning of period $ — $ — $ — $ — Additions — 66 — 66 Net direct write-downs and removal from sale — (66) — (66) Balance at end of period $ — $ — $ — $ — The following table presents expenses related to OREOs for the periods indicated: Three Months Ended September 30, Nine Months Ended September 30, ($ in thousands) 2020 2019 2020 2019 Net (gain) loss on sales $ — $ — $ — $ 1 Operating expenses, net of rental income 2 — 2 — Total $ 2 $ — $ 2 $ 1 The Company provided a loan of $1.5 million to finance the sale of its OREO property during the three and nine months ended September 30, 2020. The Company did not provide loans to finance the sale of its OREO property during the three and nine months ended September 30, 2019.

Operating Leases

Operating Leases	9 Months Ended
	Sep. 30, 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. 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 $53 thousand to retained earnings at the date of adoption. The Company made an election to include both the lease and non-lease components as a single component and account for it as a lease. The Company’s operating leases are for its headquarters office spaces, and retail branch and LPO locations. Most leases include one or more options to renew, with renewal terms that can extend the lease term from one The following table presents operating lease cost and supplemental cash flow information related to leases for the periods indicated: Three Months Ended September 30, Nine Months Ended September 30, ($ in thousands) 2020 2019 2020 2019 Operating lease cost (1) $ 669 $ 680 $ 1,985 $ 1,953 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 680 $ 693 2,107 2,012 Right of use assets obtained in exchange for lease obligations $ 51 $ 28 105 1,616 (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 payments. The following table presents supplemental balance sheet information related to leases as of the dates indicated: ($ in thousands) September 30, 2020 December 31, 2019 Operating leases: Operating lease assets $ 7,329 $ 8,991 Operating lease liabilities $ 8,204 $ 9,990 Weighted-average remaining lease term 4.4 years 5.0 years Weighted-average discount rate 2.80 % 2.81 % The following table presets maturities of operating lease liabilities as of September 30, 2020: ($ in thousands) September 30, 2020 Maturities: 2020 $ 641 2021 2,330 2022 2,171 2023 1,828 2024 547 After 2024 1,352 Total lease payment 8,869 Imputed Interest (665) Present value of operating lease liabilities $ 8,204

Federal Home Loan Bank Advances

Federal Home Loan Bank Advances and Other Borrowings	9 Months Ended
	Sep. 30, 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 $130.0 million and $20.0 million at September 30, 2020 and December 31, 2019, respectively. FHLB advances consisted of fixed interest rate term borrowings of $130.0 million with original maturity terms ranging from 6 months to 5 years and weighted-average interest rate of 0.51% at September 30, 2020. At December 31, 2019, FHLB advances consisted of fixed interest rate 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 September 30, 2020 and December 31, 2019, loans pledged to secure borrowings from the FHLB were $609.4 million and $621.7 million, respectively. The Company’s investment in capital stock of the FHLB of San Francisco totaled $8.3 million and $8.2 million, respectively, at September 30, 2020 and December 31, 2019. The Company had additional borrowing capacity of $321.1 million and $404.8 million, respectively, from the FHLB as of September 30, 2020 and December 31, 2019. Other Borrowing Arrangements At September 30, 2020, the Company had $33.8 million of unused borrowing capacity from the Federal Reserve Discount Window, to which the Company pledged loans with a carrying value of $41.8 million with no outstanding borrowings. In addition, the Company may borrow up to approximately $65.0 million overnight federal funds lines with correspondent financial institutions at September 30, 2020.

Shareholders_ Equity

Shareholders’ Equity	9 Months Ended
	Sep. 30, 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.

Share-Based Compensation

Share-Based Compensation	9 Months Ended
	Sep. 30, 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 September 30, 2020, there were 542,454 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 September 30, Nine Months Ended September 30, ($ in thousands) 2020 2019 2020 2019 Share-based compensation expense related to: Stock options $ 162 $ 158 $ 478 $ 481 Restricted stock awards 38 22 114 22 Total share-based compensation expense $ 200 $ 180 $ 592 $ 503 Related tax benefits $ 21 $ 11 $ 61 $ 33 The following table presents unrecognized share-based compensation expense as of September 30, 2020: ($ in thousands) Unrecognized Expense Weighted-Average Remaining Expected Recognition Period Unrecognized share-based compensation expense related to: Stock options $ 485 2.2 years Restricted stock awards 475 3.3 years Total unrecognized share-based compensation expense $ 960 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 The following table represents stock option activity for the three months ended September 30, 2020: Three Months Ended September 30, 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 726,143 $ 10.84 5.6 years $ — Exercised (868) $ 3.38 3.8 years Outstanding at end of period 725,275 $ 10.85 5.3 years $ — Exercisable at end of period 505,098 $ 9.79 4.8 years $ — The following table represents stock option activity for the nine months ended September 30, 2020: Nine Months Ended September 30, 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 (99,261) $ 6.41 3.2 years Forfeited (4,840) $ 10.33 5.6 years Outstanding at end of period 725,275 $ 10.85 5.3 years $ — Exercisable at end of period 505,098 $ 9.79 4.8 years $ — The following table represents information regarding unvested stock options for the three and nine months ended September 30, 2020: Three Months Ended September 30, 2020 Nine Months Ended September 30, 2020 Number of Shares Weighted-Average Exercise Price Per Share Number of Shares Weighted-Average Exercise Price Per Share Outstanding at beginning of period 224,177 $ 13.29 246,317 $ 13.31 Vested (4,000) $ 14.00 (21,300) $ 14.38 Forfeited — $ — (4,840) $ 10.33 Outstanding at end of period 220,177 $ 13.27 220,177 $ 13.27 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 Three Months Ended September 30, 2020 Nine Months Ended September 30, 2020 Number of Shares Weighted-Average Grant Date Fair Value Per Share Number of Shares Weighted-Average Grant Date Fair Value Per Share Outstanding at beginning of period 38,400 $ 16.53 37,400 $ 16.60 Granted 900 $ 9.33 1,900 $ 11.64 Vested (9,000) $ 16.69 (9,000) $ 16.69 Outstanding at end of period 30,300 $ 16.27 30,300 $ 16.27

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income tax expense was $1.5 million and $2.9 million, respectively, and the effective tax rate was 29.8% and 29.7%, respectively, for the three months ended September 30, 2020 and 2019. For the nine months ended September 30, 2020 and 2019, income tax expense was $4.4 million and $8.4 million, respectively, and the effective tax rate was 29.7% and 29.7%, respectively. At September 30, 2020 and December 31, 2019, the Company had no unrecognized tax benefits or accrued interest. At September 30, 2020, the Company had penalties of $4 thousand due to underpayments of estimated state taxes for 2019. The Company had no penalties at December 31, 2019. The Company and its subsidiaries are subject to U.S. federal and various state jurisdictions income tax examinations. As of September 30, 2020, the Company is no longer subject to examination by taxing authorities for tax years before 2017 for federal taxes and before 2016 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	9 Months Ended
	Sep. 30, 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 September 30, Nine Months Ended September 30, ($ in thousands, except per share) 2020 2019 2020 2019 Basic earnings per share: Net income $ 3,449 $ 6,785 $ 10,388 $ 19,950 Less: income allocated to unvested restricted stock (8) (8) (25) (8) Net income allocated to common stock $ 3,441 $ 6,777 $ 10,363 $ 19,942 Weighted-average total common shares outstanding 15,378,374 15,835,139 15,432,353 15,949,962 Less: weighted-average unvested restricted stock (34,486) (18,870) (36,878) (6,359) Weighted-average common shares outstanding, basic 15,343,888 15,816,269 15,395,475 15,943,603 Basic earnings per share $ 0.22 $ 0.43 $ 0.67 $ 1.25 Diluted earnings per share: Net income allocated to common stock $ 3,441 $ 6,777 $ 10,363 $ 19,942 Weighted-average common shares outstanding, basic 15,343,888 15,816,269 15,395,475 15,943,603 Diluted effect of stock options 33,643 283,329 70,732 288,245 Weighted-average common shares outstanding, diluted 15,377,531 16,099,598 15,466,207 16,231,848 Diluted earnings per share $ 0.22 $ 0.42 $ 0.67 $ 1.23 There were 660,859 and 163,000 stock options were excluded in computing diluted EPS because they were anti-dilutive for three and nine months ended September 30, 2020, respectively. For three and nine months ended September 30, 2019, there were 155,000 and 163,000 stock options excluded in computing diluted EPS because they were anti-dilutive, respectively.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 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 September 30, 2020 and December 31, 2019, the Company had the following outstanding financial commitments whose contractual amount represents credit risk: ($ in thousands) September 30, 2020 December 31, 2019 Commitments to extend credit $ 207,142 $ 171,608 Standby letters of credit 4,584 3,300 Commercial letters of credit 309 292 Total $ 212,035 $ 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 $267 thousand and $301 thousand, respectively, at September 30, 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 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	9 Months Ended
	Sep. 30, 2020
Regulated Operations [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 September 30, 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 $3 billion asset level, it will again be subject to capital measurements independent of the Bank. For comparison purposes, the Company’s ratios are included in following discussion as well, all of which would have exceeded the “well-capitalized” level had the Company been subject to separate capital minimums. The Company and the Bank’s capital conservation buffer was 8.86% and 8.60%, respectively, as of September 30, 2020, and 8.90% and 8.71%, respectively, as of December 31, 2019. Unrealized gain or loss on securities available-for-sale is not included in computing regulatory capital. The following table presents the regulatory capital amounts and ratios for the Company and the Bank as of dates indicated: Actual Minimum Capital Requirement To Be Well Capitalized Under Prompt Corrective Provisions ($ in thousands) Amount Ratio Amount Ratio Amount Ratio September 30, 2020 PCB Bancorp Common tier 1 capital (to risk-weighted assets) $ 226,728 15.60 % $ 65,404 4.5 % N/A N/A Total capital (to risk-weighted assets) 244,978 16.86 % 116,274 8.0 % N/A N/A Tier 1 capital (to risk-weighted assets) 226,728 15.60 % 87,206 6.0 % N/A N/A Tier 1 capital (to average assets) 226,728 11.40 % 79,532 4.0 % N/A N/A Pacific City Bank Common tier 1 capital (to risk-weighted assets) $ 222,960 15.34 % $ 65,401 4.5 % $ 94,468 6.5 % Total capital (to risk-weighted assets) 241,209 16.60 % 116,269 8.0 % 145,336 10.0 % Tier 1 capital (to risk-weighted assets) 222,960 15.34 % 87,202 6.0 % 116,269 8.0 % Tier 1 capital (to average assets) 222,960 11.21 % 79,529 4.0 % 99,412 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 Financial Protection and Innovation (the “CDFPI”) 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.

Revenue Recognition

Revenue Recognition	9 Months Ended
	Sep. 30, 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 September 30, Nine Months Ended September 30, ($ in thousands) 2020 2019 2020 2019 Noninterest income in-scope of Topic 606 Service charges and fees on deposits: Monthly service fees $ 19 $ 27 $ 68 $ 84 Account analysis fees 206 252 634 721 Non-sufficient funds charges 39 102 181 261 Other deposit related fees 16 24 62 71 Total service charges and fees on deposits 280 405 945 1,137 Debit card fees 67 70 185 203 Loss on sale of other real estate owned — (1) — (1) Wire transfer fees 137 135 391 370 Other service charges 47 58 139 166 Total $ 531 $ 667 $ 1,660 $ 1,875

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2020
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Dividend Declared on Common Stock. On October 22, 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 November 13, 2020, to shareholders of record as of the close of business on November 4, 2020. The Company has evaluated the effects of events that have occurred subsequent to September 30, 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)	9 Months Ended
	Sep. 30, 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 nine months ended September 30, 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 September 30, 2020 and December 31, 2019 and for the three and nine months ended September 30, 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.
Small Business Administration Paycheck Protection Program	Small Business Administration Paycheck Protection Program Small Business Administration (“SBA”) launched the Paycheck Protection Program (“PPP”) to provide a direct incentive for small businesses to keep their workers on the payroll in response to the COVID-19 pandemic. SBA will forgive loans if all employee retention criteria are met and the funds are used for eligible expenses. As of September 30, 2020, the Company had 1,614 SBA PPP loans totaling $136.4 million, net of unamortized deferred fees and costs. The Company deferred loan origination fees of $5.7 million and direct origination costs of $1.1 million on SBA PPP loans. The Company amortizes these deferred fees and costs without prepayment assumption using the contractual lives of SBA PPP loans. The SBA guarantee on PPP loans cannot be separated from the loan and therefore is not a separate unit of account. The Company considered the SBA guarantee in the allowance for loan losses evaluation and determined that it is not required to reserve an allowance on SBA PPP loans at September 30, 2020.
Adopted Accounting Pronouncements and Recent Accounting Pronouncements Not Yet Adopted	Adopted Accounting Pronouncements During the nine months ended September 30, 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)	9 Months Ended
	Sep. 30, 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 Significant Unobservable Inputs Total September 30, 2020 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ — $ 79,771 $ — $ 79,771 Residential collateralized mortgage obligations — 30,673 — 30,673 SBA loan pool securities — 12,707 — 12,707 Municipal bonds — 5,831 — 5,831 Total securities available-for-sale — 128,982 — 128,982 Total assets measured at fair value on a recurring basis $ — $ 128,982 $ — $ 128,982 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 Significant Unobservable Inputs Total September 30, 2020 Impaired loans: SBA property $ — $ — $ 251 $ 251 Commercial lines of credit — — 1,120 1,120 SBA commercial term — — 12 12 Total impaired loans — — 1,383 1,383 Total assets measured at fair value on a non-recurring basis $ — $ — $ 1,383 $ 1,383 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) September 30, 2020 Impaired loans: SBA property $ 251 Fair value of collateral NM NM Commercial lines of credit $ 1,120 Sales comparison approach Adjustment for differences between the comparable estate sales -10% to 13% (2.1%) SBA commercial term $ 12 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 Total Net Losses	For assets measured at fair value, the following table presents the total net losses, which include charge-offs, recoveries, and specific reserves recorded for the periods indicated: Three Months Ended September 30, Nine Months Ended September 30, ($ in thousands) 2020 2019 2020 2019 Collateral dependent impaired loans: SBA property $ (9) $ — $ (147) $ (20) Commercial lines of credit (79) — (799) — SBA commercial term — — (164) — Other real estate owned — (18) — (18) Net losses recognized $ (88) $ (18) $ (1,110) $ (38)
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 September 30, 2020 Financial assets: Interest-bearing deposits in other financial institutions $ 243,810 $ 243,810 $ 243,810 $ — $ — Securities available-for-sale 128,982 128,982 — 128,982 — Loans held-for-sale 30,878 33,770 — 33,770 — Net loans held-for-investment 1,554,258 1,568,235 — — 1,568,235 FHLB and other restricted stock 8,447 N/A N/A N/A N/A Accrued interest receivable 11,246 11,246 4 314 10,928 Financial liabilities: Deposits $ 1,647,107 $ 1,653,614 $ — $ — $ 1,653,614 FHLB advances 130,000 130,406 — 130,406 — Accrued interest payable 2,626 2,626 — 2 2,624 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)	9 Months Ended
	Sep. 30, 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 September 30, 2020 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ 78,289 $ 1,504 $ (22) $ 79,771 Residential collateralized mortgage obligations 30,430 312 (69) 30,673 SBA loan pool securities 12,335 395 (23) 12,707 Municipal bonds 5,381 450 — 5,831 Total securities available-for-sale $ 126,435 $ 2,661 $ (114) $ 128,982 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 September 30, 2020 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ 78,289 $ 1,504 $ (22) $ 79,771 Residential collateralized mortgage obligations 30,430 312 (69) 30,673 SBA loan pool securities 12,335 395 (23) 12,707 Municipal bonds 5,381 450 — 5,831 Total securities available-for-sale $ 126,435 $ 2,661 $ (114) $ 128,982 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 September 30, 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 ($ in thousands) Amortized Cost Fair Value Within one year $ — $ — One to five years 2,200 2,303 Five to ten years 849 887 Greater than ten years 2,332 2,641 Residential mortgage-backed securities, residential collateralized mortgage obligations and SBA loan pool securities 121,054 123,151 Total $ 126,435 $ 128,982
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 September 30, Nine Months Ended September 30, ($ in thousands) 2020 2019 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 $ 185 $ — $ 185 $ — 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 September 30, 2020 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ 9,610 $ (22) 4 $ — $ — — $ 9,610 $ (22) 4 Residential collateralized mortgage obligations 5,100 (7) 5 7,691 (62) 7 12,791 (69) 12 SBA loan pool securities 2,107 (6) 3 1,718 (17) 3 3,825 (23) 6 Total securities available-for-sale $ 16,817 $ (35) 12 $ 9,409 $ (79) 10 $ 26,226 $ (114) 22 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)	9 Months Ended
	Sep. 30, 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) September 30, 2020 December 31, 2019 Real estate loans: Commercial property $ 853,708 $ 803,014 Residential property 212,804 235,046 SBA property 128,038 129,837 Construction 19,803 19,164 Total real estate loans 1,214,353 1,187,061 Commercial and industrial loans: Commercial term 90,867 103,380 Commercial lines of credit 92,222 111,768 SBA commercial term 23,011 25,332 SBA PPP 136,418 — Total commercial and industrial loans 342,518 240,480 Other consumer loans 21,933 23,290 Loans held-for-investment 1,578,804 1,450,831 Allowance for loan losses (24,546) (14,380) Net loans held-for-investment $ 1,554,258 $ 1,436,451 The following table presents a summary of SBA PPP loans as of September 30, 2020: ($ in thousands) Number of Loans Amount Loan amount: $50,000 or less 1,043 $ 21,551 Over $50,000 and less than $350,000 499 60,679 Over $350,000 and less than $2,000,000 69 45,813 $2,000,000 or more 3 8,375 Total 1,614 $ 136,418
Schedule of Loan Modification Related to COVID-19	The following table presents a summary of loans under modified terms related to the COVID-19 pandemic by portfolio segment as of September 30, 2020: Modification Type ($ in thousands) Payment Deferment Interest Only Payment Total September 30, 2020 Real estate loans: Commercial property $ 135,165 $ 2,397 $ 137,562 Residential property 19,233 — 19,233 Commercial and industrial loans: Commercial term 11,797 2,960 14,757 SBA commercial term — 72 72 Total $ 166,195 $ 5,429 $ 171,624
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 September 30, 2020 and 2019: ($ in thousands) Real Estate Commercial and Industrial Other Consumer Total Balance at July 1, 2020 $ 15,545 $ 4,337 $ 366 $ 20,248 Charge-offs — — (102) (102) Recoveries on loans previously charged off — 18 56 74 Provision (reversal) for loan losses 2,556 1,686 84 4,326 Balance at September 30, 2020 $ 18,101 $ 6,041 $ 404 $ 24,546 Balance at July 1, 2019 $ 9,711 $ 3,426 $ 191 $ 13,328 Charge-offs — (179) (47) (226) Recoveries on loans previously charged off — 38 56 94 Provision (reversal) for loan losses (33) (6) (63) (102) Balance at September 30, 2019 $ 9,678 $ 3,279 $ 137 $ 13,094 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 nine months ended September 30, 2020 and 2019: ($ in thousands) Real Estate Commercial and Industrial Other Consumer Total Balance at January 1, 2020 $ 9,854 $ 4,354 $ 172 $ 14,380 Charge-offs (138) (916) (241) (1,295) Recoveries on loans previously charged off 56 223 105 384 Provision for loan losses 8,329 2,380 368 11,077 Balance at September 30, 2020 $ 18,101 $ 6,041 $ 404 $ 24,546 Balance at January 1, 2019 $ 9,104 $ 3,877 $ 186 $ 13,167 Charge-offs (19) (347) (158) (524) Recoveries on loans previously charged off 4 112 128 244 Provision (reversal) for loan losses 589 (363) (19) 207 Balance at September 30, 2019 $ 9,678 $ 3,279 $ 137 $ 13,094 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 September 30, 2020 Allowance for loan losses: Individually evaluated for impairment $ 9 $ 79 $ — $ 88 Collectively evaluated for impairment 18,092 5,962 404 24,458 Total $ 18,101 $ 6,041 $ 404 $ 24,546 Loans receivable: Individually evaluated for impairment $ 1,535 $ 1,940 $ — $ 3,475 Collectively evaluated for impairment 1,212,818 340,578 21,933 1,575,329 Total $ 1,214,353 $ 342,518 $ 21,933 $ 1,578,804 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 September 30, 2020 Real estate loans: Commercial property $ 852,325 $ 1,048 $ 335 $ — $ 853,708 Residential property 212,804 — — — 212,804 SBA property 125,497 — 2,541 — 128,038 Construction 19,803 — — — 19,803 Commercial and industrial loans: Commercial term 87,241 3,626 — — 90,867 Commercial lines of credit 90,697 — 1,525 — 92,222 SBA commercial term 22,547 72 392 — 23,011 SBA PPP 136,418 — — — 136,418 Other consumer loans 21,866 — 67 — 21,933 Total $ 1,569,198 $ 4,746 $ 4,860 $ — $ 1,578,804 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 The following table presents the risk categories for the recorded investment in loans under modified terms related to the COVID-19 pandemic by portfolio segment as of the date indicated: ($ in thousands) Pass Special Mention Substandard Doubtful Total September 30, 2020 Real estate loans: Commercial property $ 137,219 $ 343 $ — $ — $ 137,562 Residential property 19,233 — — — 19,233 Commercial and industrial loans: Commercial term 11,131 3,626 — — 14,757 SBA commercial term — 72 — — 72 Total $ 167,583 $ 4,041 $ — $ — $ 171,624
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 September 30, 2020 Real estate loans: Residential property $ 189 $ — $ 699 $ — $ 888 SBA property — — — 923 923 Commercial and industrial loans: Commercial lines of credit — — — 1,525 1,525 SBA commercial term — — — 378 378 Other consumer loans 108 3 — 67 178 Total $ 298 $ 3 $ 699 $ 2,893 $ 3,893 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 September 30, 2020 Real estate loans: Commercial property $ 335 $ 334 $ — $ — $ — SBA property 977 1,071 223 221 9 Commercial and industrial loans: Commercial term 22 22 — — — Commercial lines of credit 1,231 1,231 294 294 79 SBA commercial term 393 417 — — — Total $ 2,958 $ 3,075 $ 517 $ 515 $ 88 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 September 30, 2020 and 2019: Three Months Ended September 30, 2020 2019 ($ in thousands) Average Recorded Investment Interest Income Average Recorded Investment Interest Income Real estate loans: Commercial property $ 336 $ 6 $ 341 $ 6 SBA property 1,203 4 1,896 5 Commercial and industrial loans: Commercial term 24 — 43 1 Commercial lines of credit 1,747 — 327 — SBA commercial term 395 — 105 1 Total $ 3,705 $ 10 $ 2,712 $ 13 The following table presents information on the recorded investment in impaired loans by portfolio segment for the nine months ended September 30, 2020 and 2019: Nine Months Ended September 30, 2020 2019 ($ in thousands) Average Recorded Investment Interest Income Average Recorded Investment Interest Income Real estate loans: Commercial property $ 337 $ 17 $ 114 $ 6 Residential property — — 50 — SBA property 1,554 13 1,637 17 Commercial and industrial loans: Commercial term 25 1 52 3 Commercial lines of credit 2,085 — 109 — SBA commercial term 451 1 135 3 Total $ 4,452 $ 32 $ 2,097 $ 29 The following presents a summary of interest foregone on impaired loans for the periods indicated: Three Months Ended September 30, Nine Months Ended September 30, ($ in thousands) 2020 2019 2020 2019 Interest income that would have been recognized had impaired loans performed in accordance with their original terms $ 53 $ 49 $ 198 $ 113 Less: interest income recognized on impaired loans on a cash basis (10) (13) (32) (29) Interest income foregone on impaired loans $ 43 $ 36 $ 166 $ 84
Modified TDRs by Portfolio Segment	The following table presents the composition of loans that were modified as TDRs by portfolio segment as of the dates indicated: September 30, 2020 December 31, 2019 ($ in thousands) Accruing Nonaccrual Total Accruing Nonaccrual Total Real estate loans: Commercial property $ 335 $ — $ 335 $ 339 $ — $ 339 SBA property 277 38 315 294 121 415 Commercial and industrial loans: Commercial term 22 — 22 28 — 28 SBA commercial term 15 — 15 39 — 39 Total $ 649 $ 38 $ 687 $ 700 $ 121 $ 821 The following table presents information on new loans that were modified as TDRs for the three months ended September 30, 2020 and 2019: Three Months Ended September 30, 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 Real estate loans: Commercial property — $ — $ — 1 $ 341 $ 341 SBA property (1) — — — 1 123 123 Total — $ — $ — 2 $ 464 $ 464 (1) Modified by deferral of principal payment. The following table presents information on new loans that were modified as TDRs for the nine months ended September 30, 2020 and 2019: Nine Months Ended September 30, 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 Real estate loans: Commercial property — $ — $ — 1 $ 341 $ 341 SBA property (1) — — — 2 254 254 Commercial and industrial loans: SBA commercial term (1) 2 $ 37 $ 37 — $ — $ — Total 2 $ 37 $ 37 3 $ 595 $ 595 (1) Modified by deferral of principal payment. Nine Months Ended September 30, 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 — $ —
Loans Held-for-Sale	The following table presents a summary of loans held-for-investment transferred to loans held-for-sale for the periods indicated: Three Months Ended September 30, Nine Months Ended September 30, ($ in thousands) 2020 2019 2020 2019 Real estate loans: Residential property $ — $ 522 $ 1,125 $ 824 Commercial and industrial loans: SBA commercial term — — 230 — Total $ — $ 522 $ 1,355 $ 824 The following table presents a summary of loans held-for-sale transferred to loans held-for-investment for the periods indicated: Three Months Ended September 30, Nine Months Ended September 30, ($ in thousands) 2020 2019 2020 2019 Real estate loans: Residential property $ — $ — $ 697 $ — Total $ — $ — $ 697 $ — The following table presents a composition of loans held-for-sale as of the dates indicated: ($ in thousands) September 30, 2020 December 31, 2019 Real estate loans: Residential property $ 4,047 $ 760 SBA property 24,197 150 Commercial and industrial loans: SBA commercial term 2,634 1,065 Total $ 30,878 $ 1,975

Servicing Assets (Tables)

Servicing Assets (Tables)	9 Months Ended
	Sep. 30, 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 as of the dates indicated: September 30, 2020 December 31, 2019 ($ in thousands) Residential Property SBA Property SBA Commercial Term Residential Property SBA Property SBA Commercial Term Carrying amount $ 117 $ 5,374 $ 675 $ 171 $ 5,805 $ 822 Fair value $ 140 $ 7,890 $ 942 $ 200 $ 6,693 $ 976 Discount rate 11.25 % 13.25 % 12.75 % 11.25 % 13.25 % 12.75 % Prepayment speed 27.60 % 10.78 % 10.70 % 26.60 % 16.28 % 16.03 % Weighted average remaining life 23.4 years 21.1 years 6.8 years 24.2 years 21.3 years 7.0 years Underlying loans being serviced $ 23,618 $ 384,356 $ 76,677 $ 32,428 $ 384,007 $ 82,181
Schedule of Servicing Asset	The following table presents activity in servicing assets for the three months ended September 30, 2020 and 2019: Three Months Ended September 30, 2020 2019 ($ in thousands) Residential Property SBA Property SBA Commercial Term Residential Property SBA Property SBA Commercial Term Balance at beginning of period $ 125 $ 5,554 $ 720 $ 204 $ 6,094 $ 932 Additions — 140 16 — 292 39 Amortization (8) (320) (61) (15) (538) (109) Balance at end of period $ 117 $ 5,374 $ 675 $ 189 $ 5,848 $ 862 The following table presents activity in servicing assets for the nine months ended September 30, 2020 and 2019: Nine Months Ended September 30, 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 — 653 100 — 962 146 Amortization (54) (1,084) (247) (55) (1,463) (357) Balance at end of period $ 117 $ 5,374 $ 675 $ 189 $ 5,848 $ 862

Other Real Estate Owned (Tables

Other Real Estate Owned (Tables)	9 Months Ended
	Sep. 30, 2020
Real Estate Owned, Disclosure of Detailed Components [Abstract]
Activity in Other Real Estate Owned	The following table presents activity in OREO for the periods indicated: Three Months Ended September 30, Nine Months Ended September 30, ($ in thousands) 2020 2019 2020 2019 Balance at beginning of period $ 376 $ 395 $ — $ — Additions 2,490 — 2,866 395 Sales (2,490) (329) (2,490) (329) Net change in valuation allowance — (66) — (66) Balance at end of period $ 376 $ — $ 376 $ — The following table presents activity in OREO valuation allowance for the periods indicated: Three Months Ended September 30, Nine Months Ended September 30, ($ in thousands) 2020 2019 2020 2019 Balance at beginning of period $ — $ — $ — $ — Additions — 66 — 66 Net direct write-downs and removal from sale — (66) — (66) Balance at end of period $ — $ — $ — $ — The following table presents expenses related to OREOs for the periods indicated: Three Months Ended September 30, Nine Months Ended September 30, ($ in thousands) 2020 2019 2020 2019 Net (gain) loss on sales $ — $ — $ — $ 1 Operating expenses, net of rental income 2 — 2 — Total $ 2 $ — $ 2 $ 1

Operating Leases (Tables)

Operating Leases (Tables)	9 Months Ended
	Sep. 30, 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 September 30, Nine Months Ended September 30, ($ in thousands) 2020 2019 2020 2019 Operating lease cost (1) $ 669 $ 680 $ 1,985 $ 1,953 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 680 $ 693 2,107 2,012 Right of use assets obtained in exchange for lease obligations $ 51 $ 28 105 1,616 (1) Included in Occupancy and Equipment on the Consolidated Statements of Income. ($ in thousands) September 30, 2020 December 31, 2019 Operating leases: Operating lease assets $ 7,329 $ 8,991 Operating lease liabilities $ 8,204 $ 9,990 Weighted-average remaining lease term 4.4 years 5.0 years Weighted-average discount rate 2.80 % 2.81 %
Maturities of Operating Lease Liabilities	The following table presets maturities of operating lease liabilities as of September 30, 2020: ($ in thousands) September 30, 2020 Maturities: 2020 $ 641 2021 2,330 2022 2,171 2023 1,828 2024 547 After 2024 1,352 Total lease payment 8,869 Imputed Interest (665) Present value of operating lease liabilities $ 8,204

Share-Based Compensation (Table

Share-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 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 September 30, Nine Months Ended September 30, ($ in thousands) 2020 2019 2020 2019 Share-based compensation expense related to: Stock options $ 162 $ 158 $ 478 $ 481 Restricted stock awards 38 22 114 22 Total share-based compensation expense $ 200 $ 180 $ 592 $ 503 Related tax benefits $ 21 $ 11 $ 61 $ 33 The following table presents unrecognized share-based compensation expense as of September 30, 2020: ($ in thousands) Unrecognized Expense Weighted-Average Remaining Expected Recognition Period Unrecognized share-based compensation expense related to: Stock options $ 485 2.2 years Restricted stock awards 475 3.3 years Total unrecognized share-based compensation expense $ 960 2.8 years
Share-based compensation, Stock Options	The following table represents stock option activity for the three months ended September 30, 2020: Three Months Ended September 30, 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 726,143 $ 10.84 5.6 years $ — Exercised (868) $ 3.38 3.8 years Outstanding at end of period 725,275 $ 10.85 5.3 years $ — Exercisable at end of period 505,098 $ 9.79 4.8 years $ — The following table represents stock option activity for the nine months ended September 30, 2020: Nine Months Ended September 30, 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 (99,261) $ 6.41 3.2 years Forfeited (4,840) $ 10.33 5.6 years Outstanding at end of period 725,275 $ 10.85 5.3 years $ — Exercisable at end of period 505,098 $ 9.79 4.8 years $ — The following table represents information regarding unvested stock options for the three and nine months ended September 30, 2020: Three Months Ended September 30, 2020 Nine Months Ended September 30, 2020 Number of Shares Weighted-Average Exercise Price Per Share Number of Shares Weighted-Average Exercise Price Per Share Outstanding at beginning of period 224,177 $ 13.29 246,317 $ 13.31 Vested (4,000) $ 14.00 (21,300) $ 14.38 Forfeited — $ — (4,840) $ 10.33 Outstanding at end of period 220,177 $ 13.27 220,177 $ 13.27
Summary of Nonvested Restricted Stock Awards	The following table represents RSAs activity for the three and nine months ended September 30, 2020: Three Months Ended September 30, 2020 Nine Months Ended September 30, 2020 Number of Shares Weighted-Average Grant Date Fair Value Per Share Number of Shares Weighted-Average Grant Date Fair Value Per Share Outstanding at beginning of period 38,400 $ 16.53 37,400 $ 16.60 Granted 900 $ 9.33 1,900 $ 11.64 Vested (9,000) $ 16.69 (9,000) $ 16.69 Outstanding at end of period 30,300 $ 16.27 30,300 $ 16.27

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 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 September 30, Nine Months Ended September 30, ($ in thousands, except per share) 2020 2019 2020 2019 Basic earnings per share: Net income $ 3,449 $ 6,785 $ 10,388 $ 19,950 Less: income allocated to unvested restricted stock (8) (8) (25) (8) Net income allocated to common stock $ 3,441 $ 6,777 $ 10,363 $ 19,942 Weighted-average total common shares outstanding 15,378,374 15,835,139 15,432,353 15,949,962 Less: weighted-average unvested restricted stock (34,486) (18,870) (36,878) (6,359) Weighted-average common shares outstanding, basic 15,343,888 15,816,269 15,395,475 15,943,603 Basic earnings per share $ 0.22 $ 0.43 $ 0.67 $ 1.25 Diluted earnings per share: Net income allocated to common stock $ 3,441 $ 6,777 $ 10,363 $ 19,942 Weighted-average common shares outstanding, basic 15,343,888 15,816,269 15,395,475 15,943,603 Diluted effect of stock options 33,643 283,329 70,732 288,245 Weighted-average common shares outstanding, diluted 15,377,531 16,099,598 15,466,207 16,231,848 Diluted earnings per share $ 0.22 $ 0.42 $ 0.67 $ 1.23

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Schedule of Outstanding Financial Commitments	As of September 30, 2020 and December 31, 2019, the Company had the following outstanding financial commitments whose contractual amount represents credit risk: ($ in thousands) September 30, 2020 December 31, 2019 Commitments to extend credit $ 207,142 $ 171,608 Standby letters of credit 4,584 3,300 Commercial letters of credit 309 292 Total $ 212,035 $ 175,200

Regulatory Matters (Tables)

Regulatory Matters (Tables)	9 Months Ended
	Sep. 30, 2020
Regulated Operations [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 September 30, 2020 PCB Bancorp Common tier 1 capital (to risk-weighted assets) $ 226,728 15.60 % $ 65,404 4.5 % N/A N/A Total capital (to risk-weighted assets) 244,978 16.86 % 116,274 8.0 % N/A N/A Tier 1 capital (to risk-weighted assets) 226,728 15.60 % 87,206 6.0 % N/A N/A Tier 1 capital (to average assets) 226,728 11.40 % 79,532 4.0 % N/A N/A Pacific City Bank Common tier 1 capital (to risk-weighted assets) $ 222,960 15.34 % $ 65,401 4.5 % $ 94,468 6.5 % Total capital (to risk-weighted assets) 241,209 16.60 % 116,269 8.0 % 145,336 10.0 % Tier 1 capital (to risk-weighted assets) 222,960 15.34 % 87,202 6.0 % 116,269 8.0 % Tier 1 capital (to average assets) 222,960 11.21 % 79,529 4.0 % 99,412 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)	9 Months Ended
	Sep. 30, 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 September 30, Nine Months Ended September 30, ($ in thousands) 2020 2019 2020 2019 Noninterest income in-scope of Topic 606 Service charges and fees on deposits: Monthly service fees $ 19 $ 27 $ 68 $ 84 Account analysis fees 206 252 634 721 Non-sufficient funds charges 39 102 181 261 Other deposit related fees 16 24 62 71 Total service charges and fees on deposits 280 405 945 1,137 Debit card fees 67 70 185 203 Loss on sale of other real estate owned — (1) — (1) Wire transfer fees 137 135 391 370 Other service charges 47 58 139 166 Total $ 531 $ 667 $ 1,660 $ 1,875

Basis of Presentation and Sig_3

Basis of Presentation and Significant Accounting Policies (Details) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2020USD ($)branchoffice	Jun. 30, 2020USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2020USD ($)branchloanoffice	Sep. 30, 2019USD ($)	Dec. 31, 2019USD ($)
Product Information [Line Items]
Number of loan production offices | office	9			9
Reclassification of securities held-to-maturity to securities available-for-sale		$ 18,800		$ 18,777	$ 0
Unrealized gain arising from the reclassification of securities held-to-maturity to securities available-for-sale	$ 0	787	$ 0	$ 787	$ 0
Modification term of loans modified due to COVID-19				6 months
Loans held-for-investment	1,578,804			$ 1,578,804		$ 1,450,831
COVID-19 Loan Modification
Product Information [Line Items]
Aggregate carrying amount of loans modified due to COVID-19	171,624	$ 484,000		171,624
Loans held-for-investment	171,624			$ 171,624
Small Business Administration (SBA), CARES Act, Paycheck Protection Program
Product Information [Line Items]
SBA PP Loans Extended | loan				1,614
Loans held-for-investment	136,400			$ 136,400
Deferred loan origination fee	5,700			5,700
Direct origination cost	$ 1,100			$ 1,100
California
Product Information [Line Items]
Number of full-service branches | branch	11			11
New Jersey
Product Information [Line Items]
Number of full-service branches | branch	1			1

Fair Value Measurements - Asset

Fair Value Measurements - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Securities available-for-sale:
Total securities available-for-sale	$ 128,982	$ 97,566
Residential mortgage-backed securities
Securities available-for-sale:
Total securities available-for-sale	79,771	38,738
Residential collateralized mortgage obligations
Securities available-for-sale:
Total securities available-for-sale	30,673	43,894
Municipal bonds
Securities available-for-sale:
Total securities available-for-sale	5,831	782
Recurring
Securities available-for-sale:
Total securities available-for-sale	128,982	97,566
Total assets measured at fair value on a recurring basis	128,982	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	79,771	38,738
Recurring | Residential collateralized mortgage obligations
Securities available-for-sale:
Total securities available-for-sale	30,673	43,894
Recurring | SBA loan pool securities
Securities available-for-sale:
Total securities available-for-sale	12,707	14,152
Recurring | Municipal bonds
Securities available-for-sale:
Total securities available-for-sale	5,831	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	128,982	97,566
Total assets measured at fair value on a recurring basis	128,982	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	79,771	38,738
Recurring | Significant Other Observable Inputs (Level 2) | Residential collateralized mortgage obligations
Securities available-for-sale:
Total securities available-for-sale	30,673	43,894
Recurring | Significant Other Observable Inputs (Level 2) | SBA loan pool securities
Securities available-for-sale:
Total securities available-for-sale	12,707	14,152
Recurring | Significant Other Observable Inputs (Level 2) | Municipal bonds
Securities available-for-sale:
Total securities available-for-sale	5,831	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	Sep. 30, 2020	Dec. 31, 2019
Impaired loans:
Total impaired loans	$ 1,383	$ 1,678
Total assets measured at fair value on a recurring basis	1,383	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	1,383	1,678
Total assets measured at fair value on a recurring basis	1,383	1,678
Total liabilities measured at fair value on a recurring basis	0	0
SBA property
Impaired loans:
Total impaired loans	251	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	251	116
Commercial lines of credit
Impaired loans:
Total impaired loans	1,120	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	1,120	$ 1,562
SBA commercial term
Impaired loans:
Total impaired loans	12
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	$ 12

Fair Value Measurements - Level

Fair Value Measurements - Level 3 Measurement Inputs (Details) - Nonrecurring $ in Thousands	Sep. 30, 2020USD ($)	Dec. 31, 2019USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total impaired loans	$ 1,383	$ 1,678
Significant Unobservable Inputs (Level 3)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total impaired loans	1,383	1,678
SBA property
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total impaired loans	251	116
SBA property | Significant Unobservable Inputs (Level 3)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total impaired loans	251	116
Commercial lines of credit
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total impaired loans	1,120	1,562
Commercial lines of credit | Significant Unobservable Inputs (Level 3)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total impaired loans	$ 1,120	$ 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	(0.10)	(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)
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	0.13	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)
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	(0.021)	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)
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	0.050	0.05
SBA commercial term
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total impaired loans	$ 12
SBA commercial term | Significant Unobservable Inputs (Level 3)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total impaired loans	$ 12

Fair Value Measurements - Net L

Fair Value Measurements - Net Losses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net losses recognized	$ (88)	$ (18)	$ (1,110)	$ (38)
SBA property
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net losses recognized	(9)	0	(147)	(20)
Commercial lines of credit
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net losses recognized	(79)	0	(799)	0
SBA commercial term
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net losses recognized	0	0	(164)	0
Other real estate owned
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net losses recognized	$ 0	$ (18)	$ 0	$ (18)

Fair Value Measurements - Fair

Fair Value Measurements - Fair Values of Financial Assets and Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Financial assets:
Securities available-for-sale	$ 128,982	$ 97,566
Securities held-to-maturity	0	20,154
Carrying Value
Financial assets:
Interest-bearing deposits in other financial institutions	243,810	128,420
Securities available-for-sale	128,982	97,566
Securities held-to-maturity		20,154
Loans held-for-sale	30,878	1,975
Net loans held-for-investment	1,554,258	1,436,451
FHLB and other restricted stock	8,447	8,345
Accrued interest receivable	11,246	5,136
Financial liabilities:
Deposits	1,647,107	1,479,307
FHLB advances	130,000	20,000
Accrued interest payable	2,626	6,004
Fair Value
Financial assets:
Interest-bearing deposits in other financial institutions	243,810	128,420
Securities available-for-sale	128,982	97,566
Securities held-to-maturity		20,480
Loans held-for-sale	33,770	2,102
Net loans held-for-investment	1,568,235	1,449,383
Accrued interest receivable	11,246	5,136
Financial liabilities:
Deposits	1,653,614	1,468,540
FHLB advances	130,406	20,092
Accrued interest payable	2,626	6,004
Fair Value | Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial assets:
Interest-bearing deposits in other financial institutions	243,810	128,420
Securities available-for-sale	0	0
Securities held-to-maturity		0
Loans held-for-sale	0	0
Net loans held-for-investment	0	0
Accrued interest receivable	4	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	128,982	97,566
Securities held-to-maturity		20,480
Loans held-for-sale	33,770	2,102
Net loans held-for-investment	0	0
Accrued interest receivable	314	375
Financial liabilities:
Deposits	0	0
FHLB advances	130,406	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
Loans held-for-sale	0	0
Net loans held-for-investment	1,568,235	1,449,383
Accrued interest receivable	10,928	4,683
Financial liabilities:
Deposits	1,653,614	1,468,540
FHLB advances	0	0
Accrued interest payable	$ 2,624	$ 6,003

Investment Securities - Narrati

Investment Securities - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Investments, Debt and Equity Securities [Abstract]
Reclassification of securities held-to-maturity to securities available-for-sale		$ 18,800		$ 18,777	$ 0
Unrealized gain arising from the reclassification of securities held-to-maturity to securities available-for-sale	$ 0	$ 787	$ 0	$ 787	$ 0

Investment Securities - Summary

Investment Securities - Summary of Debt and Equity Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Securities available-for-sale:
Amortized Cost	$ 126,435	$ 97,851
Gross Unrealized Gain	2,661	184
Gross Unrealized Loss	(114)	(469)
Securities available-for-sale, at fair value	128,982	97,566
Securities held-to-maturity:
Amortized Cost	0	20,154
Gross Unrealized Gain		407
Gross Unrealized Loss		(81)
Fair Value		20,480
Pledged securities for collateral	100,300	99,300
Residential mortgage-backed securities
Securities available-for-sale:
Amortized Cost	78,289	38,793
Gross Unrealized Gain	1,504	96
Gross Unrealized Loss	(22)	(151)
Securities available-for-sale, at fair value	79,771	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	30,430	44,115
Gross Unrealized Gain	312	36
Gross Unrealized Loss	(69)	(257)
Securities available-for-sale, at fair value	30,673	43,894
SBA loan pool securities
Securities available-for-sale:
Amortized Cost	12,335	14,179
Gross Unrealized Gain	395	34
Gross Unrealized Loss	(23)	(61)
Securities available-for-sale, at fair value	12,707	14,152
Municipal bonds
Securities available-for-sale:
Amortized Cost	5,381	764
Gross Unrealized Gain	450	18
Gross Unrealized Loss	0	0
Securities available-for-sale, at fair value	$ 5,831	782
Securities held-to-maturity:
Amortized Cost		4,939
Gross Unrealized Gain		337
Gross Unrealized Loss		0
Fair Value		$ 5,276

Investment Securities - Summa_2

Investment Securities - Summary of Contractual Maturities (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Securities available-for-sale:
Amortized Cost, Within one year	$ 0
Amortized Cost, One to five years	2,200
Amortized Cost, Five to ten years	849
Amortized Cost, Greater than ten years	2,332
Amortized Cost, Mortgage-backed securities and collateralized mortgage obligations	121,054
Amortized Cost	126,435	$ 97,851
Fair Value, Within one year	0
Fair Value, One to five years	2,303
Fair Value, Five to ten years	887
Fair Value, Greater than ten years	2,641
Fair Value, Mortgage-backed securities and collateralized mortgage obligations	123,151
Fair Value	$ 128,982	$ 97,566

Investment Securities - Summa_3

Investment Securities - Summary of Gains (Losses) on Available-for-sale Securities (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Investments, Debt and Equity Securities [Abstract]
Gross realized gains on sales and calls of securities available-for-sale	$ 0	$ 0	$ 0	$ 0
Gross realized losses on sales and calls of securities available-for-sale	0	0	0	0
Net realized gains (losses) on sales and calls of securities available-for-sale	0	0	0	0
Proceeds from sales and calls of securities available-for-sale	185	0	185	0
Tax expense on sales and calls of securities available-for-sale	$ 0	$ 0	$ 0	$ 0

Investment Securities - Summa_4

Investment Securities - Summary of Individual Securities in Continuous Unrealized Loss Position (Details)	9 Months Ended
	Sep. 30, 2020USD ($)security	Sep. 30, 2019USD ($)	Dec. 31, 2019USD ($)security
Securities available-for-sale:
Less Than 12 Months, Fair Value	$ 16,817,000		$ 25,580,000
Less Than 12 Months, Gross Unrealized Losses	$ (35,000)		$ (118,000)
Less Than 12 Months, Number of Securities | security	12		23
12 months or Longer, Fair Value	$ 9,409,000		$ 37,914,000
12 months or Longer, Gross Unrealized Losses	$ (79,000)		$ (351,000)
12 months or Longer, Number of Securities | security	10		50
Total, Fair Value	$ 26,226,000		$ 63,494,000
Total, Gross Unrealized Losses	$ (114,000)		$ (469,000)
Total, Number of Securities | security	22		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	9,610,000		$ 5,401,000
Less Than 12 Months, Gross Unrealized Losses	$ (22,000)		$ (28,000)
Less Than 12 Months, Number of Securities | security	4		5
12 months or Longer, Fair Value	$ 0		$ 15,772,000
12 months or Longer, Gross Unrealized Losses	$ 0		$ (123,000)
12 months or Longer, Number of Securities | security	0		23
Total, Fair Value	$ 9,610,000		$ 21,173,000
Total, Gross Unrealized Losses	$ (22,000)		$ (151,000)
Total, Number of Securities | security	4		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	$ 5,100,000		$ 15,392,000
Less Than 12 Months, Gross Unrealized Losses	$ (7,000)		$ (52,000)
Less Than 12 Months, Number of Securities | security	5		13
12 months or Longer, Fair Value	$ 7,691,000		$ 19,834,000
12 months or Longer, Gross Unrealized Losses	$ (62,000)		$ (205,000)
12 months or Longer, Number of Securities | security	7		23
Total, Fair Value	$ 12,791,000		$ 35,226,000
Total, Gross Unrealized Losses	$ (69,000)		$ (257,000)
Total, Number of Securities | security	12		36
SBA loan pool securities
Securities available-for-sale:
Less Than 12 Months, Fair Value	$ 2,107,000		$ 4,787,000
Less Than 12 Months, Gross Unrealized Losses	$ (6,000)		$ (38,000)
Less Than 12 Months, Number of Securities | security	3		5
12 months or Longer, Fair Value	$ 1,718,000		$ 2,308,000
12 months or Longer, Gross Unrealized Losses	$ (17,000)		$ (23,000)
12 months or Longer, Number of Securities | security	3		4
Total, Fair Value	$ 3,825,000		$ 7,095,000
Total, Gross Unrealized Losses	$ (23,000)		$ (61,000)
Total, Number of Securities | security	6		9

Loans and Allowance for Loan _3

Loans and Allowance for Loan Losses - Loans Held-For-Investment (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Jun. 30, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	$ 1,578,804		$ 1,450,831
Allowance for loan losses	(24,546)	$ (20,248)	(14,380)	$ (13,094)	$ (13,328)	$ (13,167)
Net loans held-for-investment	1,554,258		1,436,451
Related party loans outstanding	3,900		3,800
Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	1,214,353		1,187,061
Allowance for loan losses	(18,101)	(15,545)	(9,854)	(9,678)	(9,711)	(9,104)
Real Estate | Commercial property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	853,708		803,014
Real Estate | Residential property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	212,804		235,046
Real Estate | SBA property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	128,038		129,837
Real Estate | Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	19,803		19,164
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	342,518		240,480
Allowance for loan losses	(6,041)	(4,337)	(4,354)	(3,279)	(3,426)	(3,877)
Commercial and Industrial | Commercial term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	90,867		103,380
Commercial and Industrial | Commercial lines of credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	92,222		111,768
Commercial and Industrial | SBA commercial term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	23,011		25,332
Commercial and Industrial | SBA PPP
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	136,418		0
Other consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	21,933		23,290
Allowance for loan losses	$ (404)	$ (366)	$ (172)	$ (137)	$ (191)	$ (186)

Loans and Allowance for Loan _4

Loans and Allowance for Loan Losses - SBA Loan Summary (Details) $ in Thousands	Sep. 30, 2020USD ($)loan	Dec. 31, 2019USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	$ 1,578,804	$ 1,450,831
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	$ 342,518	240,480
Commercial and Industrial | SBA PPP
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Loans | loan	1,614
Loans held-for-investment	$ 136,418	$ 0
$50,000 or less | Commercial and Industrial | SBA PPP
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Loans | loan	1,043
Loans held-for-investment	$ 21,551
Over $50,000 and less than $350,000 | Commercial and Industrial | SBA PPP
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Loans | loan	499
Loans held-for-investment	$ 60,679
Over $350,000 and less than $2,000,000 | Commercial and Industrial | SBA PPP
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Loans | loan	69
Loans held-for-investment	$ 45,813
$2,000,000 or more | Commercial and Industrial | SBA PPP
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Loans | loan	3
Loans held-for-investment	$ 8,375

Loans and Allowance for Loan _5

Loans and Allowance for Loan Losses - Loan Modification Due to COVID-19 (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2020	Jun. 30, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Modification term of loans modified due to COVID-19		6 months
Remaining modification term of loans modified due to COVID-19		4 months
COVID-19 Loan Modification
Accounts, Notes, Loans and Financing Receivable [Line Items]
Aggregate carrying amount of loans modified due to COVID-19	$ 171,624	$ 171,624	$ 484,000
Expirations of modifications	220,500
Terminations of modification	106,700
Subsequent modifications	19,800
New modifications	1,900
COVID-19 Loan Modification | Payment Deferment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Aggregate carrying amount of loans modified due to COVID-19	166,195	166,195
COVID-19 Loan Modification | Interest Only Payment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Aggregate carrying amount of loans modified due to COVID-19	5,429	5,429
COVID-19 Loan Modification | Real Estate | Commercial property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Aggregate carrying amount of loans modified due to COVID-19	137,562	137,562
COVID-19 Loan Modification | Real Estate | Commercial property | Payment Deferment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Aggregate carrying amount of loans modified due to COVID-19	135,165	135,165
COVID-19 Loan Modification | Real Estate | Commercial property | Interest Only Payment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Aggregate carrying amount of loans modified due to COVID-19	2,397	2,397
COVID-19 Loan Modification | Real Estate | Residential property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Aggregate carrying amount of loans modified due to COVID-19	19,233	19,233
COVID-19 Loan Modification | Real Estate | Residential property | Payment Deferment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Aggregate carrying amount of loans modified due to COVID-19	19,233	19,233
COVID-19 Loan Modification | Real Estate | Residential property | Interest Only Payment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Aggregate carrying amount of loans modified due to COVID-19	0	0
COVID-19 Loan Modification | Commercial and Industrial | Commercial term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Aggregate carrying amount of loans modified due to COVID-19	14,757	14,757
COVID-19 Loan Modification | Commercial and Industrial | Commercial term | Payment Deferment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Aggregate carrying amount of loans modified due to COVID-19	11,797	11,797
COVID-19 Loan Modification | Commercial and Industrial | Commercial term | Interest Only Payment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Aggregate carrying amount of loans modified due to COVID-19	2,960	2,960
COVID-19 Loan Modification | Commercial and Industrial | SBA commercial term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Aggregate carrying amount of loans modified due to COVID-19	72	72
COVID-19 Loan Modification | Commercial and Industrial | SBA commercial term | Payment Deferment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Aggregate carrying amount of loans modified due to COVID-19	0	0
COVID-19 Loan Modification | Commercial and Industrial | SBA commercial term | Interest Only Payment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Aggregate carrying amount of loans modified due to COVID-19	$ 72	$ 72

Loans and Allowance for Loan _6

Loans and Allowance for Loan Losses - Allowance for Loan Losses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Dec. 31, 2019
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 20,248	$ 13,328	$ 14,380	$ 13,167
Charge-offs	(102)	(226)	(1,295)	(524)
Recoveries on loans previously charged off	74	94	384	244
Provision (reversal) for loan losses	4,326	(102)	11,077	207
Ending balance	24,546	13,094	24,546	13,094
Allowance for loan losses:
Individually evaluated for impairment					$ 88	$ 19
Collectively evaluated for impairment					24,458	14,361
Total	24,546	13,094	24,546	13,094	24,546	14,380
Loans receivable:
Individually evaluated for impairment					3,475	4,559
Collectively evaluated for impairment					1,575,329	1,446,272
Total					1,578,804	1,450,831
Real Estate
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	15,545	9,711	9,854	9,104
Charge-offs	0	0	(138)	(19)
Recoveries on loans previously charged off	0	0	56	4
Provision (reversal) for loan losses	2,556	(33)	8,329	589
Ending balance	18,101	9,678	18,101	9,678
Allowance for loan losses:
Individually evaluated for impairment					9	4
Collectively evaluated for impairment					18,092	9,850
Total	18,101	9,678	18,101	9,678	18,101	9,854
Loans receivable:
Individually evaluated for impairment					1,535	2,158
Collectively evaluated for impairment					1,212,818	1,184,903
Total					1,214,353	1,187,061
Commercial and Industrial
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	4,337	3,426	4,354	3,877
Charge-offs	0	(179)	(916)	(347)
Recoveries on loans previously charged off	18	38	223	112
Provision (reversal) for loan losses	1,686	(6)	2,380	(363)
Ending balance	6,041	3,279	6,041	3,279
Allowance for loan losses:
Individually evaluated for impairment					79	15
Collectively evaluated for impairment					5,962	4,339
Total	6,041	3,279	4,354	3,279	6,041	4,354
Loans receivable:
Individually evaluated for impairment					1,940	2,401
Collectively evaluated for impairment					340,578	238,079
Total					342,518	240,480
Other Consumer
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	366	191	172	186
Charge-offs	(102)	(47)	(241)	(158)
Recoveries on loans previously charged off	56	56	105	128
Provision (reversal) for loan losses	84	(63)	368	(19)
Ending balance	404	137	404	137
Allowance for loan losses:
Individually evaluated for impairment					0	0
Collectively evaluated for impairment					404	172
Total	404	$ 137	404	$ 137	404	172
Loans receivable:
Individually evaluated for impairment					0	0
Collectively evaluated for impairment					21,933	23,290
Total					$ 21,933	$ 23,290
COVID-19 Pandemic
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Provision (reversal) for loan losses	$ 4,300		$ 11,100

Loans and Allowance for Loan _7

Loans and Allowance for Loan Losses - Credit Quality Indicators (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	$ 1,578,804	$ 1,450,831
COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	171,624
Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	1,569,198	1,440,186
Pass | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	167,583
Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	4,746	1,783
Special Mention | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	4,041
Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	4,860	8,862
Substandard | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0
Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Doubtful | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0
Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	1,214,353	1,187,061
Real Estate | Commercial property
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	853,708	803,014
Real Estate | Commercial property | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	137,562
Real Estate | Commercial property | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	852,325	802,373
Real Estate | Commercial property | Pass | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	137,219
Real Estate | Commercial property | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	1,048	0
Real Estate | Commercial property | Special Mention | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	343
Real Estate | Commercial property | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	335	641
Real Estate | Commercial property | Substandard | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0
Real Estate | Commercial property | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Real Estate | Commercial property | Doubtful | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0
Real Estate | Residential property
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	212,804	235,046
Real Estate | Residential property | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	19,233
Real Estate | Residential property | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	212,804	235,046
Real Estate | Residential property | Pass | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	19,233
Real Estate | Residential property | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Real Estate | Residential property | Special Mention | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0
Real Estate | Residential property | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Real Estate | Residential property | Substandard | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0
Real Estate | Residential property | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Real Estate | Residential property | Doubtful | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0
Real Estate | SBA property
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	128,038	129,837
Real Estate | SBA property | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	125,497	124,135
Real Estate | SBA property | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	72
Real Estate | SBA property | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	2,541	5,630
Real Estate | SBA property | Substandard | Loans guaranteed by US government agency
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	114	2,400
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	19,803	19,164
Real Estate | Construction | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	19,803	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	342,518	240,480
Commercial and Industrial | Commercial term
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	90,867	103,380
Commercial and Industrial | Commercial term | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	14,757
Commercial and Industrial | Commercial term | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	87,241	103,380
Commercial and Industrial | Commercial term | Pass | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	11,131
Commercial and Industrial | Commercial term | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	3,626	0
Commercial and Industrial | Commercial term | Special Mention | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	3,626
Commercial and Industrial | Commercial term | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Commercial and Industrial | Commercial term | Substandard | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0
Commercial and Industrial | Commercial term | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Commercial and Industrial | Commercial term | Doubtful | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0
Commercial and Industrial | Commercial lines of credit
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	92,222	111,768
Commercial and Industrial | Commercial lines of credit | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	90,697	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	1,525	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	23,011	25,332
Commercial and Industrial | SBA commercial term | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	72
Commercial and Industrial | SBA commercial term | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	22,547	24,677
Commercial and Industrial | SBA commercial term | Pass | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0
Commercial and Industrial | SBA commercial term | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	72	0
Commercial and Industrial | SBA commercial term | Special Mention | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	72
Commercial and Industrial | SBA commercial term | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	392	655
Commercial and Industrial | SBA commercial term | Substandard | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0
Commercial and Industrial | SBA commercial term | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Commercial and Industrial | SBA commercial term | Doubtful | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0
Commercial and Industrial | SBA PPP
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	136,418	0
Commercial and Industrial | SBA PPP | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	136,418
Commercial and Industrial | SBA PPP | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0
Commercial and Industrial | SBA PPP | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0
Commercial and Industrial | SBA PPP | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0
Other consumer loans
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	21,933	23,290
Other consumer loans | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	21,866	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	67	48
Other consumer loans | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	$ 0	$ 0

Loans and Allowance for Loan _8

Loans and Allowance for Loan Losses - Aging of Past Due Accruing Loans and Nonaccrual Loans by Portfolio Segment (Details) - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Financing Receivable, Past Due [Line Items]
Nonaccrual	$ 2,893,000	$ 2,537,000
Total Past Due and Nonaccrual	3,893,000	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	298,000	893,000
60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Still Accruing	3,000	925,000
90 or More Days Past Due
Financing Receivable, Past Due [Line Items]
Still Accruing	699,000	287,000
Real Estate | Residential property
Financing Receivable, Past Due [Line Items]
Nonaccrual	0	0
Total Past Due and Nonaccrual	888,000	697,000
Real Estate | Residential property | 30 to 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Still Accruing	189,000	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	699,000	0
Real Estate | SBA property
Financing Receivable, Past Due [Line Items]
Nonaccrual	923,000	442,000
Total Past Due and Nonaccrual	923,000	1,236,000
Real Estate | SBA property | 30 to 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Still Accruing	0	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	1,525,000	1,888,000
Total Past Due and Nonaccrual	1,525,000	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	378,000	159,000
Total Past Due and Nonaccrual	378,000	635,000
Commercial and Industrial | SBA commercial term | 30 to 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Still Accruing	0	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	67,000	48,000
Total Past Due and Nonaccrual	178,000	186,000
Other consumer loans | 30 to 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Still Accruing	108,000	99,000
Other consumer loans | 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Still Accruing	3,000	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 _9

Loans and Allowance for Loan Losses - Impaired Loans by Portfolio Segment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Financing Receivable, Impaired [Line Items]
Impaired financing receivable, with no allowance recorded, recorded investment	$ 2,958		$ 2,958		$ 4,411
Impaired financing receivable, with no allowance recorded, unpaid principal balance	3,075		3,075		4,577
Impaired financing receivable, with an allowance recorded, recorded investment	517		517		148
Impaired financing receivable, with an allowance recorded, unpaid principal balance	515		515		182
Impaired financing receivable, with an allowance recorded, related allowance	88		88		19
Average Recorded Investment	3,705	$ 2,712	4,452	$ 2,097
Interest Income	10	13	32	29
Interest Foregone on Impaired Loans [Abstract]
Interest income that would have been recognized had impaired loans performed in accordance with their original terms	53	49	198	113
Less: interest income recognized on impaired loans on a cash basis	(10)	(13)	(32)	(29)
Interest income foregone on impaired loans	43	36	166	84
Real Estate | Commercial property
Financing Receivable, Impaired [Line Items]
Impaired financing receivable, with no allowance recorded, recorded investment	335		335		339
Impaired financing receivable, with no allowance recorded, unpaid principal balance	334		334		338
Impaired financing receivable, with an allowance recorded, recorded investment	0		0		0
Impaired financing receivable, with an allowance recorded, unpaid principal balance	0		0		0
Impaired financing receivable, with an allowance recorded, related allowance	0		0		0
Average Recorded Investment	336	341	337	114
Interest Income	6	6	17	6
Real Estate | Residential property
Financing Receivable, Impaired [Line Items]
Average Recorded Investment			0	50
Interest Income			0	0
Real Estate | SBA property
Financing Receivable, Impaired [Line Items]
Impaired financing receivable, with no allowance recorded, recorded investment	977		977		1,699
Impaired financing receivable, with no allowance recorded, unpaid principal balance	1,071		1,071		1,828
Impaired financing receivable, with an allowance recorded, recorded investment	223		223		120
Impaired financing receivable, with an allowance recorded, unpaid principal balance	221		221		154
Impaired financing receivable, with an allowance recorded, related allowance	9		9		4
Average Recorded Investment	1,203	1,896	1,554	1,637
Interest Income	4	5	13	17
Commercial and Industrial | Commercial term
Financing Receivable, Impaired [Line Items]
Impaired financing receivable, with no allowance recorded, recorded investment	22		22		28
Impaired financing receivable, with no allowance recorded, unpaid principal balance	22		22		28
Impaired financing receivable, with an allowance recorded, recorded investment	0		0		0
Impaired financing receivable, with an allowance recorded, unpaid principal balance	0		0		0
Impaired financing receivable, with an allowance recorded, related allowance	0		0		0
Average Recorded Investment	24	43	25	52
Interest Income	0	1	1	3
Commercial and Industrial | Commercial lines of credit
Financing Receivable, Impaired [Line Items]
Impaired financing receivable, with no allowance recorded, recorded investment	1,231		1,231		1,888
Impaired financing receivable, with no allowance recorded, unpaid principal balance	1,231		1,231		1,888
Impaired financing receivable, with an allowance recorded, recorded investment	294		294		0
Impaired financing receivable, with an allowance recorded, unpaid principal balance	294		294		0
Impaired financing receivable, with an allowance recorded, related allowance	79		79		0
Average Recorded Investment	1,747	327	2,085	109
Interest Income	0	0	0	0
Commercial and Industrial | SBA commercial term
Financing Receivable, Impaired [Line Items]
Impaired financing receivable, with no allowance recorded, recorded investment	393		393		457
Impaired financing receivable, with no allowance recorded, unpaid principal balance	417		417		495
Impaired financing receivable, with an allowance recorded, recorded investment	0		0		28
Impaired financing receivable, with an allowance recorded, unpaid principal balance	0		0		28
Impaired financing receivable, with an allowance recorded, related allowance	0		0		$ 15
Average Recorded Investment	395	105	451	135
Interest Income	$ 0	$ 1	$ 1	$ 3

Loans and Allowance for Loan_10

Loans and Allowance for Loan Losses - Troubled Debt Restructurings (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2020USD ($)loan	Sep. 30, 2019USD ($)loan	Sep. 30, 2020USD ($)loan	Sep. 30, 2019USD ($)loan	Dec. 31, 2019USD ($)
Loans Modified as TDRs as of Period End [Abstract]
Accruing	$ 649,000		$ 649,000		$ 700,000
Nonaccrual	38,000		38,000		121,000
Total	$ 687,000		$ 687,000		821,000
Loans Modified as TDRs During the Period [Abstract]
Number of Loans | loan	0	2	2	3
Pre-Modification Outstanding Recorded Investment	$ 0	$ 464,000	$ 37,000	$ 595,000
Post-Modification Outstanding Recorded Investment	0	$ 464,000	37,000	$ 595,000
Number of commitments to lend to customers with outstanding loans that were classified as TDRs	0		0		0
Allowance for loan losses	$ 0		$ 0		4,000
Number of Loans | loan	0	0	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	$ 335,000		335,000		339,000
Nonaccrual	0		0		0
Total	$ 335,000		$ 335,000		339,000
Loans Modified as TDRs During the Period [Abstract]
Number of Loans | loan	0	1	0	1
Pre-Modification Outstanding Recorded Investment	$ 0	$ 341,000	$ 0	$ 341,000
Post-Modification Outstanding Recorded Investment	0	$ 341,000	0	$ 341,000
Real Estate | SBA property
Loans Modified as TDRs as of Period End [Abstract]
Accruing	277,000		277,000		294,000
Nonaccrual	38,000		38,000		121,000
Total	$ 315,000		$ 315,000		415,000
Loans Modified as TDRs During the Period [Abstract]
Number of Loans | loan	0	1	0	2
Pre-Modification Outstanding Recorded Investment	$ 0	$ 123,000	$ 0	$ 254,000
Post-Modification Outstanding Recorded Investment	0	$ 123,000	0	$ 254,000
Commercial and Industrial | Commercial term
Loans Modified as TDRs as of Period End [Abstract]
Accruing	22,000		22,000		28,000
Nonaccrual	0		0		0
Total	22,000		22,000		28,000
Commercial and Industrial | SBA commercial term
Loans Modified as TDRs as of Period End [Abstract]
Accruing	15,000		15,000		39,000
Nonaccrual	0		0		0
Total	$ 15,000		$ 15,000		$ 39,000
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 Loans | loan			1	0
Recorded Investment at Date of Default			$ 26,000	$ 0

Loans and Allowance for Loan_11

Loans and Allowance for Loan Losses - Loans Held-For-Sale (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Transfer of loans to held-for-sale	$ 0	$ 522,000	$ 1,355,000	$ 824,000
Transfer of loans to held-for-investment	0	0	697,000	0
Purchase of loans held-for-investment			0	893,000
Loans held-for-sale	30,878,000		30,878,000		$ 1,975,000
Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Proceeds from sale of loans held-for-investment	0	0	0	0
Real Estate | Residential property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Transfer of loans to held-for-sale	0	522,000	1,125,000	824,000
Transfer of loans to held-for-investment	0	0	697,000	0
Purchase of loans held-for-investment	0	893,000	0	893,000
Loans held-for-sale	4,047,000		4,047,000		760,000
Real Estate | SBA property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-sale	24,197,000		24,197,000		150,000
Commercial and Industrial | SBA commercial term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Transfer of loans to held-for-sale	0	$ 0	230,000	$ 0
Loans held-for-sale	$ 2,634,000		$ 2,634,000		$ 1,065,000

Servicing Assets - Narrative (D

Servicing Assets - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Transfers and Servicing [Abstract]
Total servicing assets	$ 6,166		$ 6,166		$ 6,798
Loans sold with servicing rights retained	8,600	$ 22,200	47,100	$ 72,500
Net gain on sale	689	1,500	2,800	4,500
Loan servicing income	$ 856	$ 534	$ 2,300	$ 1,700

Servicing Assets - Summary of K

Servicing Assets - Summary of Key Assumptions in Fair Value Calculations (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2020	Dec. 31, 2019	Jun. 30, 2020	Sep. 30, 2019	Jun. 30, 2019	Dec. 31, 2018
Servicing Assets at Fair Value [Line Items]
Carrying amount	$ 6,166	$ 6,798
Residential Property
Servicing Assets at Fair Value [Line Items]
Carrying amount	117	171	$ 125	$ 189	$ 204	$ 244
Fair value	$ 140	$ 200
Discount rate	11.25%	11.25%
Prepayment speed	27.60%	26.60%
Weighted average remaining life	23 years 4 months 24 days	24 years 2 months 12 days
Underlying loans being serviced	$ 23,618	$ 32,428
SBA Property
Servicing Assets at Fair Value [Line Items]
Carrying amount	5,374	5,805	5,554	5,848	6,094	6,349
Fair value	$ 7,890	$ 6,693
Discount rate	13.25%	13.25%
Prepayment speed	10.78%	16.28%
Weighted average remaining life	21 years 1 month 6 days	21 years 3 months 18 days
Underlying loans being serviced	$ 384,356	$ 384,007
SBA Commercial Term
Servicing Assets at Fair Value [Line Items]
Carrying amount	675	822	$ 720	$ 862	$ 932	$ 1,073
Fair value	$ 942	$ 976
Discount rate	12.75%	12.75%
Prepayment speed	10.70%	16.03%
Weighted average remaining life	6 years 9 months 18 days	7 years
Underlying loans being serviced	$ 76,677	$ 82,181

Servicing Assets - Summary of C

Servicing Assets - Summary of Changes in Servicing Assets (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance at beginning of period			$ 6,798
Amortization			(1,385)	$ (1,875)
Balance at end of period	$ 6,166		6,166
Residential Property
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance at beginning of period	125	$ 204	171	244
Additions	0	0	0	0
Amortization	(8)	(15)	(54)	(55)
Balance at end of period	117	189	117	189
SBA Property
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance at beginning of period	5,554	6,094	5,805	6,349
Additions	140	292	653	962
Amortization	(320)	(538)	(1,084)	(1,463)
Balance at end of period	5,374	5,848	5,374	5,848
SBA Commercial Term
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance at beginning of period	720	932	822	1,073
Additions	16	39	100	146
Amortization	(61)	(109)	(247)	(357)
Balance at end of period	$ 675	$ 862	$ 675	$ 862

Other Real Estate Owned - Activ

Other Real Estate Owned - Activity (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Other Real Estate Owned [Roll Forward]
Balance at beginning of period	$ 376	$ 395	$ 0	$ 0
Additions	2,490	0	2,866	395
Sales	(2,490)	(329)	(2,490)	(329)
Net change in valuation allowance	0	(66)	0	(66)
Balance at end of period	$ 376	$ 0	$ 376	$ 0

Other Real Estate Owned - Valua

Other Real Estate Owned - Valuation Allowance (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Real Estate Owned Valuation Allowance [Roll Forward]
Balance at beginning of period	$ 0	$ 0	$ 0	$ 0
Additions	0	66	0	66
Net direct write-downs and removal from sale	0	(66)	0	(66)
Balance at end of period	$ 0	$ 0	$ 0	$ 0

Other Real Estate Owned - Expen

Other Real Estate Owned - Expenses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Real Estate Owned, Disclosure of Detailed Components [Abstract]
Net (gain) loss on sales	$ 0	$ 0	$ 0	$ 1
Operating expenses, net of rental income	2	0	2	0
Total	2	$ 0	2	$ 1
Loan provided to purchase its OREO	$ 1,500		$ 1,500

Operating Leases - Narrative (D

Operating Leases - Narrative (Details) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2020USD ($)Renew_Option	Dec. 31, 2018	Dec. 31, 2019USD ($)	Jan. 01, 2019USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Accounting Standards Update [Extensible List]	us-gaap:AccountingStandardsUpdate201602Member	us-gaap:AccountingStandardsUpdate201602Member
Right-of-use lease assets	$ 7,329		$ 8,991	$ 9,600
Operating lease liabilities	$ 8,204		$ 9,990	10,600
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
Cumulative Effect, Period of Adoption, Adjustment
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		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019	Jan. 01, 2019
Leases [Abstract]
Operating lease cost	$ 669	$ 680	$ 1,985	$ 1,953
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	680	693	2,107	2,012
Right of use assets obtained in exchange for lease obligations	51	$ 28	105	$ 1,616
Operating leases:
Operating lease assets	7,329		7,329		$ 8,991	$ 9,600
Operating lease liabilities	$ 8,204		$ 8,204		$ 9,990	$ 10,600
Weighted-average remaining lease term	4 years 4 months 24 days		4 years 4 months 24 days		5 years
Weighted-average discount rate	2.80%		2.80%		2.81%

Operating Leases - Maturities o

Operating Leases - Maturities of Operating Lease Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019	Jan. 01, 2019
Maturities:
2020	$ 641
2021	2,330
2022	2,171
2023	1,828
2024	547
After 2024	1,352
Total lease payment	8,869
Imputed Interest	(665)
Present value of operating lease liabilities	$ 8,204	$ 9,990	$ 10,600

Federal Home Loan Bank Advanc_2

Federal Home Loan Bank Advances and Other Borrowings (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Borrowings from the FHLB	$ 130,000,000	$ 20,000,000
FHLB, Fixed-rate borrowings	$ 130,000,000
Weighted average interest rate	0.51%	1.92%
Loans pledged to secure borrowings	$ 609,400,000	$ 621,700,000
Additional borrowing capacity	321,100,000	404,800,000
FHLB of San Francisco
Debt Instrument [Line Items]
Investment in capital stock of the FHLB	8,300,000	$ 8,200,000
FHLB Advances
Debt Instrument [Line Items]
Unused borrowing capacity	33,800,000
Loans pledged as collateral	41,800,000
Borrowings outstanding	0
Overnight federal funds lines, maximum borrowing capacity	$ 65,000,000
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	9 Months Ended
	Mar. 31, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	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	$ 5,130,000	$ 6,487,000	$ 6,104,000

Share-Based Compensation - Narr

Share-Based Compensation - Narrative (Details) - shares	9 Months Ended
	Sep. 30, 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)	542,454
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		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 200	$ 180	$ 592	$ 503
Related tax benefits	21	11	61	33
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	162	158	478	481
Restricted stock awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 38	$ 22	$ 114	$ 22

Share-Based Compensation - Unre

Share-Based Compensation - Unrecognized Share-based Compensation Expense (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2020USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options	$ 485
Restricted stock awards	475
Total unrecognized share-based compensation expense	$ 960
Weighted-Average Remaining Expected Recognition Period	2 years 9 months 18 days
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-Average Remaining Expected Recognition Period	2 years 2 months 12 days
Restricted stock awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-Average Remaining Expected Recognition Period	3 years 3 months 18 days

Share-Based Compensation - Opti

Share-Based Compensation - Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended	12 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Sep. 30, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding at beginning of period (in shares)	726,143		829,376
Exercised (in shares)	(868)		(99,261)
Forfeited (in shares)			(4,840)
Outstanding at end of year (in shares)	725,275	726,143	725,275	829,376
Exercisable (in shares)	505,098		505,098
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)	$ 10.84		$ 10.32
Weighted-Average Exercise Price Per Share, Exercised (in dollars per share)	3.38		6.41
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)	10.85	$ 10.84	10.85	$ 10.32
Weighted-Average Exercise Price Per Share, Exercisable (in dollars per share)	$ 9.79		$ 9.79
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Weighted-Average Contractual Term,	5 years 3 months 18 days	5 years 7 months 6 days	5 years 3 months 18 days	5 years 9 months 18 days
Weighted-Average Contractual Term, Exercised	3 years 9 months 18 days		3 years 2 months 12 days
Weighted-Average Contractual Term, Forfeited			5 years 7 months 6 days
Weighted-Average Contractual Term, Exercisable	4 years 9 months 18 days		4 years 9 months 18 days
Aggregate Intrinsic Value, Balance	$ 0	$ 0	$ 0	$ 5,776
Aggregate Intrinsic Value, Exercisable	$ 0		$ 0

Share-Based Compensation - Nonv

Share-Based Compensation - Nonvested Options (Details) - Non-Vested Stock Options - $ / shares	3 Months Ended	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2020
Number of Shares
Outstanding at beginning of period (in shares)	224,177	246,317
Vested (in shares)	(4,000)	(21,300)
Forfeited (in shares)	0	(4,840)
Outstanding at end of period (in shares)	220,177	220,177
Weighted-Average Exercise Price Per Share
Weighted-Average Exercise Price Per Share, Outstanding (in dollars per share)	$ 13.29	$ 13.31
Weighted-Average Exercise Price Per Share, Vested (in dollars per share)	14	14.38
Weighted -Average Exercise Price Per Share, Forfeited(in dollars per share)	0	10.33
Weighted-Average Exercise Price Per Share, Outstanding (in dollars per share)	$ 13.27	$ 13.27

Share-Based Compensation - Rest

Share-Based Compensation - Restricted Stock Awards (Details) - Restricted stock awards - $ / shares	3 Months Ended	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2020
Number of Shares
Outstanding at beginning of period (in shares)	38,400	37,400
Granted (in shares)	900	1,900
Vested (in shares)	(9,000)	(9,000)
Outstanding at end of period (in shares)	30,300	30,300
Weighted-Average Exercise Price Per Share
Weighted-Average Exercise Price Per Share, Outstanding (in dollars per share)	$ 16.53	$ 16.60
Weighted-Average Exercise Price Per Share, Granted (in dollars per share)	9.33	11.64
Weighted-Average Exercise Price Per Share, Vested (in dollars per share)	16.69	16.69
Weighted-Average Exercise Price Per Share, Outstanding (in dollars per share)	$ 16.27	$ 16.27

Income Taxes (Details)

Income Taxes (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Income tax expense	$ 1,464,000	$ 2,871,000	$ 4,384,000	$ 8,432,000
Effective tax rate	29.80%	29.70%	29.70%	29.70%
Unrecognized tax benefits	$ 0		$ 0		$ 0
Income tax penalties accrued	$ 4,000		$ 4,000		$ 0

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Basic earnings per share:
Net income	$ 3,449	$ 6,785	$ 10,388	$ 19,950
Less: income allocated to unvested restricted stock	(8)	(8)	(25)	(8)
Net income allocated to common stock	$ 3,441	$ 6,777	$ 10,363	$ 19,942
Weighted-average total common shares outstanding (in shares)	15,378,374	15,835,139	15,432,353	15,949,962
Weighted average unvested restricted stock (in shares)	(34,486)	(18,870)	(36,878)	(6,359)
Weighted-average common shares outstanding (in shares)	15,343,888	15,816,269	15,395,475	15,943,603
Basic earnings per share (in dollars per share)	$ 0.22	$ 0.43	$ 0.67	$ 1.25
Diluted earnings per share:
Net income allocated to common stock	$ 3,441	$ 6,777	$ 10,363	$ 19,942
Weighted-average common shares outstanding (in shares)	15,343,888	15,816,269	15,395,475	15,943,603
Diluted effect of stock options (in shares)	33,643	283,329	70,732	288,245
Diluted weighted-average common shares outstanding (in shares)	15,377,531	16,099,598	15,466,207	16,231,848
Diluted earnings per share (in shares)	$ 0.22	$ 0.42	$ 0.67	$ 1.23
Antidilutive securities earnings per share, amount	660,859	155,000	163,000	163,000

Commitments and Contingencies_2

Commitments and Contingencies (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Other Commitments [Line Items]
Outstanding financial commitments whose contractual amount represents credit risk	$ 212,035	$ 175,200
SEC Schedule, 12-09, Reserve, Off-balance Sheet Activity
Other Commitments [Line Items]
Reserve for off-balance sheet items	267	301
Commitments to extend credit
Other Commitments [Line Items]
Outstanding financial commitments whose contractual amount represents credit risk	207,142	171,608
Standby letters of credit
Other Commitments [Line Items]
Outstanding financial commitments whose contractual amount represents credit risk	4,584	3,300
Commercial letters of credit
Other Commitments [Line Items]
Outstanding financial commitments whose contractual amount represents credit risk	$ 309	$ 292

Regulatory Matters (Details)

Regulatory Matters (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
PCB Bancorp
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Capital conservation buffer	8.86%	8.90%
Actual
Common tier 1 capital (to risk-weighted assets), amount	$ 226,728	$ 226,069
Common tier 1 capital (to risk-weighted assets), ratio	0.1560	0.1587
Total capital (to risk-weighted assets), amount	$ 244,978	$ 240,750
Total capital (to risk-weighted assets), ratio	0.1686	0.1690
Tier 1 capital (to risk-weighted assets), amount	$ 226,728	$ 226,069
Tier 1 capital (to risk-weighted assets), ratio	0.1560	0.1587
Tier 1 capital (to average assets), amount	$ 226,728	$ 226,069
Tier 1 capital (to average assets), ratio	0.1140	0.1323
Minimum Capital Requirement
Common tier 1 capital (to risk-weighted assets), amount	$ 65,404	$ 64,087
Common tier 1 capital (to risk-weighted assets), ratio	4.50%	4.50%
Total capital (to risk-weighted assets), amount	$ 116,274	$ 113,933
Total capital (to risk-weighted assets), ratio	0.080	0.080
Tier 1 capital (to risk-weighted assets), amount	$ 87,206	$ 85,450
Tier 1 capital (to risk-weighted assets), ratio	0.060	0.060
Tier 1 capital (to average assets), amount	$ 79,532	$ 68,355
Tier 1 capital (to average assets), ratio	0.040	0.040
Pacific City Bank
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Capital conservation buffer	8.60%	8.71%
Actual
Common tier 1 capital (to risk-weighted assets), amount	$ 222,960	$ 223,241
Common tier 1 capital (to risk-weighted assets), ratio	0.1534	0.1568
Total capital (to risk-weighted assets), amount	$ 241,209	$ 237,922
Total capital (to risk-weighted assets), ratio	0.1660	0.1671
Tier 1 capital (to risk-weighted assets), amount	$ 222,960	$ 223,241
Tier 1 capital (to risk-weighted assets), ratio	0.1534	0.1568
Tier 1 capital (to average assets), amount	$ 222,960	$ 223,241
Tier 1 capital (to average assets), ratio	0.1121	0.1306
Minimum Capital Requirement
Common tier 1 capital (to risk-weighted assets), amount	$ 65,401	$ 64,084
Common tier 1 capital (to risk-weighted assets), ratio	4.50%	4.50%
Total capital (to risk-weighted assets), amount	$ 116,269	$ 113,928
Total capital (to risk-weighted assets), ratio	0.080	0.080
Tier 1 capital (to risk-weighted assets), amount	$ 87,202	$ 85,446
Tier 1 capital (to risk-weighted assets), ratio	0.060	0.060
Tier 1 capital (to average assets), amount	$ 79,529	$ 68,354
Tier 1 capital (to average assets), ratio	0.040	0.040
To Be Well Capitalized Under Prompt Corrective Provisions
Common tier 1 capital (to risk-weighted assets), amount	$ 94,468	$ 92,566
Common tier 1 capital (to risk-weighted assets), ratio	6.50%	6.50%
Total capital (to risk-weighted assets), amount	$ 145,336	$ 142,410
Total capital (to risk-weighted assets), ratio	0.100	0.100
Tier 1 capital (to risk-weighted assets), amount	$ 116,269	$ 113,928
Tier 1 capital (to risk-weighted assets), ratio	0.080	0.080
Tier 1 capital (to average assets), amount	$ 99,412	$ 85,442
Tier 1 capital (to average assets), ratio	0.050	0.050

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Disaggregation of Revenue [Line Items]
Total	$ 531	$ 667	$ 1,660	$ 1,875
Monthly service fees
Disaggregation of Revenue [Line Items]
Total	19	27	68	84
Account analysis fees
Disaggregation of Revenue [Line Items]
Total	206	252	634	721
Non-sufficient funds charges
Disaggregation of Revenue [Line Items]
Total	39	102	181	261
Other deposit related fees
Disaggregation of Revenue [Line Items]
Total	16	24	62	71
Total service charges and fees on deposits
Disaggregation of Revenue [Line Items]
Total	280	405	945	1,137
Debit card fees
Disaggregation of Revenue [Line Items]
Total	67	70	185	203
Wire transfer fees
Disaggregation of Revenue [Line Items]
Total	137	135	391	370
Other service charges
Disaggregation of Revenue [Line Items]
Total	$ 47	$ 58	$ 139	$ 166

Subsequent Events (Details)

Subsequent Events (Details) - $ / shares	Oct. 22, 2020	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Subsequent Event [Line Items]
Cash dividends declared on common stock (in dollars per share)		$ 0.10	$ 0.06	$ 0.30	$ 0.17
Subsequent Event
Subsequent Event [Line Items]
Cash dividends declared on common stock (in dollars per share)	$ 0.10