PCB Bancorp (PCB) 10-Q 6 May 21 2021 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2021	Apr. 30, 2021
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2021
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		15,497,649
Current Fiscal Year End Date	--12-31
Amendment Flag	false
Entity Central Index Key	0001423869
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q1

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Assets
Cash and due from banks	$ 16,764	$ 19,605
Interest-bearing deposits in other financial institutions	195,016	174,493
Total cash and cash equivalents	211,780	194,098
Securities available-for-sale, at fair value	127,114	120,527
Loans held-for-sale	3,569	1,979
Loans held-for-investment, net of deferred loan costs (fees)	1,685,916	1,583,578
Allowance for loan losses	(25,514)	(26,510)
Net loans held-for-investment	1,660,402	1,557,068
Premises and equipment, net	3,774	4,048
Federal Home Loan Bank and other restricted stock, at cost	8,447	8,447
Other real estate owned, net	2,336	1,401
Deferred tax assets, net	8,170	8,120
Servicing assets	6,253	6,400
Operating lease assets	7,145	7,616
Accrued interest receivable	7,523	9,334
Other assets	4,159	3,815
Total assets	2,050,672	1,922,853
Deposits:
Noninterest-bearing demand	715,719	538,009
Savings, NOW and money market accounts	412,359	408,826
Time deposits of $250,000 or less	358,848	379,333
Time deposits of more than $250,000	266,845	268,683
Total deposits	1,753,771	1,594,851
Federal Home Loan Bank advances	40,000	80,000
Operating lease liabilities	7,935	8,455
Accrued interest payable and other liabilities	8,703	5,759
Total liabilities	1,810,409	1,689,065
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; 15,468,242 and 15,385,878 shares issued and outstanding, respectively, and included 62,884 and 30,300 shares of unvested restricted stock, respectively, at March 31, 2021 and December 31, 2020	164,698	164,140
Retained earnings	74,707	67,692
Accumulated other comprehensive income, net	858	1,956
Total shareholders’ equity	240,263	233,788
Total liabilities and shareholders’ equity	$ 2,050,672	$ 1,922,853

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - shares	Mar. 31, 2021	Dec. 31, 2020
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)	15,468,242	15,385,878
Common stock, outstanding (in shares)	15,468,242	15,385,878
Restricted stock awards
Unvested restricted stock (in shares)	62,884	30,300

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Interest and dividend income:
Loans, including fees	$ 18,744	$ 20,406
Tax-exempt investment securities	36	38
Taxable investment securities	324	606
Other interest-earning assets	154	610
Total interest income	19,258	21,660
Interest expense:
Deposits	1,311	4,992
Other borrowings	128	102
Total interest expense	1,439	5,094
Net interest income	17,819	16,566
Provision (reversal) for loan losses	(1,147)	2,896
Net interest income after provision for loan losses	18,966	13,670
Noninterest income:
Service charges and fees on deposits	614	639
Loan servicing income	882	554
Gain on sale of loans	1,322	725
Other income	360	357
Total noninterest income	2,857	2,026
Noninterest expense:
Salaries and employee benefits	6,182	6,551
Occupancy and equipment	1,371	1,380
Professional fees	494	797
Marketing and business promotion	138	179
Data processing	377	358
Director fees and expenses	138	221
Regulatory assessments	208	219
Other expenses	761	862
Total noninterest expense	9,669	10,567
Income before income taxes	12,154	5,129
Income tax expense	3,594	1,557
Net income	$ 8,560	$ 3,572
Earnings per common share, basic (in dollars per share)	$ 0.55	$ 0.23
Earnings per common share, diluted (in dollars per share)	$ 0.55	$ 0.23
Weighted-average common shares outstanding, basic (in shares)	15,384,343	15,505,699
Weighted-average common shares outstanding, diluted (in shares)	15,533,608	15,700,144
Service charges and fees on deposits
Noninterest income:
Service charges and fees on deposits	$ 293	$ 390

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Statement of Comprehensive Income [Abstract]
Net income	$ 8,560	$ 3,572
Other comprehensive income (loss):
Unrealized gain (loss) on securities available-for-sale arising during the period	(1,556)	1,342
Income tax benefit (expense) related to items of other comprehensive income (loss)	458	(394)
Total other comprehensive income (loss), net of tax	(1,098)	948
Total comprehensive income	$ 7,462	$ 4,520

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock	Retained Earnings	Accumulated Other Comprehensive Income (Loss)
Beginning balance at Dec. 31, 2019	$ 226,834	$ 169,221	$ 57,670	$ (57)
Beginning balance (in shares) at Dec. 31, 2019		15,707,016
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	3,572		3,572
Other comprehensive income, net of tax	948			948
Issuance of restricted stock (in shares)		1,000
Repurchase of common stock (in shares)		(428,474)
Repurchase of common stock	(6,487)	$ (6,487)
Share-based compensation expense	194	$ 194
Stock options exercised (in shares)		90,544
Stock options exercised	604	$ 604
Cash dividends declared on common stock	(1,540)		(1,540)
Ending balance at Mar. 31, 2020	224,125	$ 163,532	59,702	891
Ending balance (in shares) at Mar. 31, 2020		15,370,086
Beginning balance at Dec. 31, 2020	$ 233,788	$ 164,140	67,692	1,956
Beginning balance (in shares) at Dec. 31, 2020	15,385,878	15,385,878
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 8,560		8,560
Other comprehensive income, net of tax	$ (1,098)			(1,098)
Issuance of restricted stock (in shares)		33,784
Forfeiture of restricted stock (in shares)	(1,000)
Share-based compensation expense	$ 90	$ 90
Stock options exercised (in shares)	49,580	49,580
Stock options exercised	$ 468	$ 468
Cash dividends declared on common stock	(1,545)		(1,545)
Ending balance at Mar. 31, 2021	$ 240,263	$ 164,698	$ 74,707	$ 858
Ending balance (in shares) at Mar. 31, 2021	15,468,242	15,468,242

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Statement of Stockholders' Equity [Abstract]
Cash dividends declared (in dollars per share)	$ 0.10	$ 0.10

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Cash flows from operating activities
Net income	$ 8,560	$ 3,572
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation of premises and equipment	368	367
Net amortization of premiums on securities	310	189
Net accretion of discounts on loans	(745)	(1,028)
Net accretion of deferred loan costs (fees)	(1,220)	(121)
Amortization of servicing assets	391	604
Provision (reversal) for loan losses	(1,147)	2,896
Deferred tax expense (benefit)	408	(246)
Stock-based compensation	90	194
Gain on sale of loans	(1,322)	(725)
Originations of loans held-for-sale	(20,425)	(26,686)
Proceeds from sales of and principal collected on loans held-for-sale	20,150	14,110
Change in accrued interest receivable and other assets	1,467	1,954
Change in accrued interest payable and other liabilities	1,905	(1,458)
Net cash provided by (used in) operating activities	8,790	(6,378)
Cash flows from investing activities
Purchase of securities available-for-sale	(20,223)	(7,526)
Proceeds from maturities and paydowns of securities available-for-sale	11,770	7,703
Proceeds from maturities and paydowns of securities held-to-maturity	0	417
Proceeds from sale of loans held-for-sale previously classified as held-for-investment	0	664
Net change in loans held-for-investment	(101,500)	(1,497)
Proceeds from sale of other real estate owned	1,100	0
Purchases of premises and equipment	(98)	(1,404)
Net cash used in investing activities	(108,951)	(1,643)
Cash flows from financing activities
Net change in deposits	158,920	(1,865)
Proceeds from long-term Federal Home Loan Bank advances	0	60,000
Repayment of long-term Federal Home Loan Bank advances	(40,000)	0
Stock options exercised	468	604
Repurchase of common stock	0	(6,487)
Cash dividends paid on common stock	(1,545)	(1,540)
Net cash provided by financing activities	117,843	50,712
Net increase in cash and cash equivalents	17,682	42,691
Cash and cash equivalents at beginning of period	194,098	146,228
Cash and cash equivalents at end of period	211,780	188,919
Supplemental disclosures of cash flow information:
Interest paid	2,678	6,874
Income taxes paid	24	18
Supplemental disclosures of non-cash investment activities:
Loans transferred to loans held-for-sale	0	1,355
Loans transferred to other real estate owned	905	54
Right of use assets obtained in exchange for lease obligations	$ 105	$ 38

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies	3 Months Ended
	Mar. 31, 2021
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 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, 2020 filed by the Company with the SEC. The December 31, 2020 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, 2020 filed with the SEC, but does not include all of the disclosures required by GAAP for complete financial statements. In the opinion of management of the Company, the accompanying unaudited interim consolidated financial statements reflect all of the adjustments (consisting of normal recurring adjustments) necessary for a fair presentation of the consolidated financial condition and consolidated results of operations as of the dates and for the periods presented. Certain reclassifications have been made in the prior period financial statements to conform to the current period presentation. The results of operations for the three months ended March 31, 2021 are not necessarily indicative of the results that may be expected for the year ending December 31, 2021. Principles of Consolidation The consolidated financial statements include the accounts of PCB Bancorp and its wholly owned subsidiary as of March 31, 2021 and December 31, 2020 and for the three months ended March 31, 2021 and 2020. 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, 2020 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 On 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 the Company’s 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 from the date of transfer. 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 As a part of the CARES Act, the temporary relief from troubled debt restructurings (“TDRs”) provided an option for financial institutions to suspend the GAAP requirements and regulatory determinations for loan modifications related to the COVID-19 pandemic that would otherwise be categorized as a TDR from March 1, 2020, through the earlier of 60 days after the date of the COVID-19 National Emergency comes to an end or December 31, 2020, if the loan was not more than 30 days past due as of December 31, 2019. On April 7, 2020, the federal banking regulators also issued the Interagency Statement to encourage banks to work prudently with borrowers and describe the banking regulators’ interpretation of how accounting rules for TDR apply to certain modifications related to the COVID-19 pandemic. On December 27, 2020, the Economic Aid Act was signed into law, which extended the applicable period of the temporary relief from TDRs under the CARES Act to the earlier of 60 days after the date of the COVID-19 National Emergency comes to an end or January 1, 2022. As of March 31, 2021, the Company’s loans under modified terms related to the COVID-19 pandemic, including payment deferments and interest only payments, totaled $19.8 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 and 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 or substandard. In addition, all loans under modified terms related to the COVID-19 pandemic were current and accrual status as of March 31, 2021; however, all of these loans are monitored on an ongoing basis in accordance with each loan’s covenants and conditions for potential downgrade or change in accrual status. Small Business Administration Paycheck Protection Program The 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. The SBA guarantees 100% of the PPP loans made to eligible borrowers, and the loans are eligible to be forgiven if certain conditions are met, at which point the SBA will make payments to the Bank for the forgiven amounts. These loans are included in the C&I portfolio and have an interest rate of 1%. The substantial majority of the SBA PPP loans funded in 2020 in the Company’s portfolio have a maturity of two years. On January 13, 2021, the SBA began accepting applications for second draw PPP loans. During the three months ended March 31, 2021, the Company had funded 1,072 SBA PPP loans totaling $104.3 million, net of unamortized deferred fees and costs. SBA PPP loans funded in 2021 in the Company’s portfolio have a maturity of 5 years. As of March 31, 2021, the Company had 2,249 SBA PPP loans totaling $218.7 million, net of unamortized deferred fees and costs. The Company defers loan origination fees on SBA PPP loans and 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 March 31, 2021 and December 31, 2020. Adopted Accounting Pronouncements During the three months ended March 31, 2021, 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 was effective for public business entities that are SEC filers for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. In 2019, the FASB amended this ASU, which delays the effective date to 2023 for certain SEC filers that are Smaller Reporting Companies, which would apply to the Company. The Company plans to adopt this ASU at the delayed effective date of January 1, 2023.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2021
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 March 31, 2021 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ — $ 87,220 $ — $ 87,220 Residential collateralized mortgage obligations — 23,097 — 23,097 SBA loan pool securities — 11,050 — 11,050 Municipal bonds — 5,747 — 5,747 Total securities available-for-sale — 127,114 — 127,114 Total assets measured at fair value on a recurring basis $ — $ 127,114 $ — $ 127,114 Total liabilities measured at fair value on a recurring basis $ — $ — $ — $ — December 31, 2020 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ — $ 76,154 $ — $ 76,154 Residential collateralized mortgage obligations — 26,467 — 26,467 SBA loan pool securities — 12,080 — 12,080 Municipal bonds — 5,826 — 5,826 Total securities available-for-sale — 120,527 — 120,527 Total assets measured at fair value on a recurring basis $ — $ 120,527 $ — $ 120,527 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 March 31, 2021 Impaired loans: SBA property $ — $ — $ 228 $ — Total impaired loans — — 228 — Total assets measured at fair value on a non-recurring basis $ — $ — $ 228 $ — Total liabilities measured at fair value on a non-recurring basis $ — $ — $ — $ — December 31, 2020 Impaired loans: SBA property $ — $ — $ 218 $ 218 Commercial lines of credit — — 904 904 SBA commercial term — — 255 255 Total impaired loans — — 1,377 1,377 Total assets measured at fair value on a non-recurring basis $ — $ — $ 1,377 $ 1,377 Total liabilities measured at fair value on a non-recurring basis $ — $ — $ — $ — The following table presents quantitative information about level 3 fair value measurements for assets measured at fair value on a non-recurring basis as of the dates indicated: ($ in thousands) Fair Value Valuation Technique(s) Unobservable Input(s) Range (Weighted-Average) March 31, 2021 Impaired loans: SBA property $ 228 Fair value of collateral NM NM December 31, 2020 Impaired loans: SBA property $ 218 Fair value of collateral NM NM Commercial lines of credit $ 904 Sales comparison approach Adjustment for differences between the comparable estate sales 5% to 9% (7.6%) SBA commercial term $ 255 Fair value of collateral NM NM 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 March 31, ($ in thousands) 2021 2020 Collateral dependent impaired loans: SBA property $ 17 $ (27) Commercial lines of credit (136) (506) SBA commercial term (30) (164) Other real estate owned 75 — Net losses recognized $ (74) $ (697) Fair Value of Financial Instruments The fair value of a financial instrument is the amount at which the asset or obligation could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale. Fair value estimates are made at a specific point in time based on relevant market information and information about the financial instrument. These estimates do not reflect any premium or discount that could result from offering for sale at one time the entire holdings of a particular financial instrument. Because no market value exists for a significant portion of the financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments, and other factors. These estimates are subjective in nature, involve uncertainties and matters of judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates. Fair value estimates are based on financial instruments both on and off the consolidated balance sheet without attempting to estimate the value of anticipated future business and the value of assets and liabilities that are not considered financial instruments. Additionally, tax consequences related to the realization of the unrealized gains and losses can have a potential effect on fair value estimates and have not been considered in many of the estimates. The following methods and assumptions were used to estimate the fair value of significant financial instruments. Financial assets : The carrying amounts of interest-bearing deposits with other financial institutions and accrued interest receivable are considered to approximate fair value. The fair values of investment securities are generally based on matrix pricing (Level 2). The fair value of loans is estimated based on a discounted cash flow approach under an exit price notion. The fair value reflects the estimated yield that would be negotiated with a willing market participant. Because sale transactions of such loans are not readily observable, as many of the loans have unique risk characteristics, the valuation is based on significant unobservable inputs (Level 3). It is not practical to determine the fair value of Federal Home Loan Bank (“FHLB”) and other restricted stock due to restrictions placed on its transferability. Financial liabilities : The carrying amounts of accrued interest payable are considered to approximate fair value. The fair value of deposits is estimated based on discounted cash flows. The discount rate is derived from the interest rates currently being offered for similar remaining maturities. Non-maturity deposits are estimated based on their historical decaying experiences (Level 3). The fair value of FHLB advances is estimated based on discounted cash flows. The discount rate is derived from the current market rates for borrowings with similar remaining maturities (Level 2). Off-balance-sheet financial instruments : The fair value of commitments to extend credit and standby letters of credit is estimated using the fees currently charged to enter into similar agreements. The fair value of these financial instruments is not material and is excluded from the table below. The following table presents the carrying value and estimated fair values of financial assets and liabilities as of the dates indicated: Carrying Value Fair Value Fair Value Measurements ($ in thousands) Level 1 Level 2 Level 3 March 31, 2021 Financial assets: Interest-bearing deposits in other financial institutions $ 195,016 $ 195,016 $ 195,016 $ — $ — Securities available-for-sale 127,114 127,114 — 127,114 — Loans held-for-sale 3,569 3,989 — 3,989 — Net loans held-for-investment 1,660,402 1,678,008 — — 1,678,008 FHLB and other restricted stock 8,447 N/A N/A N/A — Accrued interest receivable 7,523 7,523 4 281 7,238 Financial liabilities: Deposits $ 1,753,771 $ 1,718,124 $ — $ — $ 1,718,124 FHLB advances 40,000 40,232 — 40,232 — Accrued interest payable 987 987 — 3 984 December 31, 2020 Financial assets: Interest-bearing deposits in other financial institutions $ 174,493 $ 174,493 $ 174,493 $ — $ — Securities available-for-sale 120,527 120,527 — 120,527 — Loans held-for-sale 1,979 2,112 — 2,112 — Net loans held-for-investment 1,557,068 1,574,063 — — 1,574,063 FHLB and other restricted stock 8,447 N/A N/A N/A N/A Accrued interest receivable 9,334 9,334 1 322 9,011 Financial liabilities: Deposits $ 1,594,851 $ 1,594,112 $ — $ — $ 1,594,112 FHLB advances 80,000 80,321 — 80,321 — Accrued interest payable 2,226 2,226 — 2 2,224

Investment Securities

Investment Securities	3 Months Ended
	Mar. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Investment Securities	Investment Securities The following table presents the amortized cost and fair value of the securities available-for-sale as of the dates indicated: ($ in thousands) Amortized Cost Gross Unrealized Gain Gross Unrealized Loss Fair Value March 31, 2021 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ 86,999 $ 1,115 $ (894) $ 87,220 Residential collateralized mortgage obligations 22,825 303 (31) 23,097 SBA loan pool securities 10,920 158 (28) 11,050 Municipal bonds 5,360 387 — 5,747 Total securities available-for-sale $ 126,104 $ 1,963 $ (953) $ 127,114 December 31, 2020 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ 74,622 $ 1,558 $ (26) $ 76,154 Residential collateralized mortgage obligations 26,216 294 (43) 26,467 SBA loan pool securities 11,753 349 (22) 12,080 Municipal bonds 5,370 456 — 5,826 Total securities available-for-sale $ 117,961 $ 2,657 $ (91) $ 120,527 As of March 31, 2021 and December 31, 2020, pledged securities were $112.3 million and $117.8 million, respectively. These securities were pledged for the State Deposit from the California State Treasurer. The following table presents the amortized cost and fair value of the investment securities by contractual maturity as of March 31, 2021. Expected maturities may differ from contractual maturities, if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately. Securities Available-For-Sale ($ in thousands) Amortized Cost Fair Value Within one year $ — $ — One to five years 2,183 2,262 Five to ten years 841 868 Greater than ten years 2,336 2,617 Residential mortgage-backed securities, residential collateralized mortgage obligations and SBA loan pool securities 120,744 121,367 Total $ 126,104 $ 127,114 The Company had no proceeds from sales and calls of securities available-for-sale during the three months ended March 31, 2021 and 2020. The following table summarizes the investment securities with unrealized losses by security type and length of time in a continuous unrealized loss position as of the dates indicated: Length of Time that Individual Securities Have Been In a Continuous Unrealized Loss Position Less Than 12 Months 12 Months or Longer Total ($ in thousands) Fair Value Gross Unrealized Losses Number of Securities Fair Value Gross Unrealized Losses Number of Securities Fair Value Gross Unrealized Losses Number of Securities March 31, 2021 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ 45,263 $ (894) 22 $ — $ — — $ 45,263 $ (894) 22 Residential collateralized mortgage obligations 988 (7) 2 2,221 (24) 2 3,209 (31) 4 SBA loan pool securities 1,172 (7) 1 3,360 (21) 6 4,532 (28) 7 Total securities available-for-sale $ 47,423 $ (908) 25 $ 5,581 $ (45) 8 $ 53,004 $ (953) 33 December 31, 2020 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ 5,773 $ (26) 4 $ — $ — — $ 5,773 $ (26) 4 Residential collateralized mortgage obligations 2,424 (4) 3 5,127 (39) 6 7,551 (43) 9 SBA loan pool securities 1,677 (4) 2 1,869 (18) 4 3,546 (22) 6 Total securities available-for-sale $ 9,874 $ (34) 9 $ 6,996 $ (57) 10 $ 16,870 $ (91) 19 The Company performs an other-than-temporary impairment (“OTTI”) assessment at least on a quarterly basis. OTTI is recognized when fair value is below the amortized cost where: (i) an entity has the intent to sell the security; (ii) it is more likely than not that an entity will be required to sell the security before recovery of its amortized cost basis; or (iii) an entity does not expect to recover the entire amortized cost basis of the security. All individual securities in a continuous unrealized loss position for 12 months or more as of March 31, 2021 and December 31, 2020 had an investment grade rating upon purchase. The issuers of these securities have not established any cause for default on these securities and various rating agencies have reaffirmed their long-term investment grade status as of March 31, 2021 and December 31, 2020. These securities have fluctuated in value since their purchase dates as market interest rates fluctuated. The Company does not intend to sell these securities and it is more likely than not that the Company will not be required to sell before the recovery of its amortized cost basis. The Company determined that the investment securities with unrealized losses for twelve months or more are not other-than-temporary impaired, and, therefore, no impairment was recognized during the three months ended March 31, 2021 and 2020.

Loans and Allowance for Loan Lo

Loans and Allowance for Loan Losses	3 Months Ended
	Mar. 31, 2021
Receivables [Abstract]
Loans and Allowance for Loan Losses	Loans and Allowance for Loan Losses Loans Held-For-Investment The following table presents, by recorded investment, the composition of the Company’s loans held-for-investment (net of deferred fees and costs) as of the dates indicated: ($ in thousands) March 31, 2021 December 31, 2020 Real estate loans: Commercial property $ 922,536 $ 880,736 Residential property 190,990 198,431 SBA property 125,989 126,570 Construction 13,151 15,199 Total real estate loans 1,252,666 1,220,936 Commercial and industrial loans: Commercial term 80,361 87,250 Commercial lines of credit 91,970 96,087 SBA commercial term 21,078 21,878 SBA PPP 218,709 135,654 Total commercial and industrial loans 412,118 340,869 Other consumer loans 21,132 21,773 Loans held-for-investment 1,685,916 1,583,578 Allowance for loan losses (25,514) (26,510) Net loans held-for-investment $ 1,660,402 $ 1,557,068 In the ordinary course of business, the Company may grant loans to certain officers and directors, and the companies with which they are associated. As of March 31, 2021 and December 31, 2020, the Company had $791 thousand and $3.9 million, respectively, of such loans outstanding. SBA PPP loans The following table presents a summary of SBA PPP loans as of March 31, 2021: ($ in thousands) Number of Loans Amount Loan amount: $50,000 or less 1,354 $ 26,998 Over $50,000 and less than $350,000 755 94,612 Over $350,000 and less than $2,000,000 136 86,755 $2,000,000 or more 4 10,344 Total 2,249 $ 218,709 Loan Modifications Related to the COVID-19 Pandemic The following table presents a summary of loans under modified terms related to the COVID-19 pandemic by portfolio segment as of March 31, 2021: Modification Type ($ in thousands) Payment Deferment Interest Only Payment Total Real estate loans: Commercial property $ — $ 11,830 $ 11,830 Residential property 349 — 349 SBA property — 1,627 1,627 Commercial and industrial loans: Commercial term — 5,506 5,506 SBA commercial term — 513 513 Total $ 349 $ 19,476 $ 19,825 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 periods indicated: ($ in thousands) Real Estate Commercial and Industrial Other Consumer Total Balance at January 1, 2021 $ 18,894 $ 7,222 $ 394 $ 26,510 Charge-offs (18) (5) (22) (45) Recoveries on loans previously charged off 30 149 17 196 Provision (reversal) for loan losses (213) (898) (36) (1,147) Balance at March 31, 2021 $ 18,693 $ 6,468 $ 353 $ 25,514 Balance at January 1, 2020 $ 9,854 $ 4,354 $ 172 $ 14,380 Charge-offs (27) (675) (76) (778) Recoveries on loans previously charged off 56 91 29 176 Provision (reversal) for loan losses 2,065 779 52 2,896 Balance at March 31, 2020 $ 11,948 $ 4,549 $ 177 $ 16,674 The following tables present the information on allowance for loan losses and recorded investments by portfolio segment and impairment methodology as of the dates indicated: ($ in thousands) Real Estate Commercial and Industrial Other Consumer Total March 31, 2021 Allowance for loan losses: Individually evaluated for impairment $ 3 $ — $ — $ 3 Collectively evaluated for impairment 18,690 6,468 353 25,511 Total $ 18,693 $ 6,468 $ 353 $ 25,514 Loans receivable: Individually evaluated for impairment $ 1,435 $ 593 $ — $ 2,028 Collectively evaluated for impairment 1,251,231 411,525 21,132 1,683,888 Total $ 1,252,666 $ 412,118 $ 21,132 $ 1,685,916 December 31, 2020 Allowance for loan losses: Individually evaluated for impairment $ 3 $ 2 $ — $ 5 Collectively evaluated for impairment 18,891 7,220 394 26,505 Total $ 18,894 $ 7,222 $ 394 $ 26,510 Loans receivable: Individually evaluated for impairment $ 2,200 $ 1,531 $ — $ 3,731 Collectively evaluated for impairment 1,218,736 339,338 21,773 1,579,847 Total $ 1,220,936 $ 340,869 $ 21,773 $ 1,583,578 Credit Quality Indicators The Company classifies loans into risk categories based on relevant information about the ability of borrowers to service their debt, such as current financial information, historical payment experience, collateral adequacy, credit documentation, and current economic trends, among other factors. The Company analyzes loans individually by classifying the loans in regards to credit risk. This analysis typically includes non-homogeneous loans, such as commercial property and commercial and industrial loans, and is performed on an ongoing basis as new information is obtained. The Company uses the following definitions for risk ratings: Pass - Loans classified as pass include non-homogeneous loans not meeting the risk ratings defined below and smaller, homogeneous loans not assessed on an individual basis. Special Mention - Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in the deterioration of repayment prospects for the loan or of the institution’s credit position at some future date. Substandard - Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans classified as substandard have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Doubtful - Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or repayment in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. The following table presents the risk categories for the recorded investment in loans by portfolio segment as of dates indicated: ($ in thousands) Pass Special Mention Substandard Doubtful Total March 31, 2021 Real estate loans: Commercial property $ 907,989 $ 11,829 $ 2,718 $ — $ 922,536 Residential property 190,990 — — — 190,990 SBA property 123,229 252 2,508 — 125,989 Construction 13,151 — — — 13,151 Commercial and industrial loans: Commercial term 74,854 4,342 1,165 — 80,361 Commercial lines of credit 90,671 1,299 — — 91,970 SBA commercial term 20,156 275 647 — 21,078 SBA PPP 218,709 — — — 218,709 Other consumer loans 21,080 — 52 — 21,132 Total $ 1,660,829 $ 17,997 $ 7,090 $ — $ 1,685,916 December 31, 2020 Real estate loans: Commercial property $ 866,508 $ 10,268 $ 3,960 $ — $ 880,736 Residential property 198,242 — 189 — 198,431 SBA property 123,147 251 3,172 — 126,570 Construction 15,199 — — — 15,199 Commercial and industrial loans: Commercial term 81,724 4,362 1,164 — 87,250 Commercial lines of credit 93,883 1,299 905 — 96,087 SBA commercial term 20,923 281 674 — 21,878 Other consumer loans 21,707 — 66 — 21,773 Total $ 1,556,987 $ 16,461 $ 10,130 $ — $ 1,583,578 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 dates indicated: ($ in thousands) Pass Special Mention Substandard Doubtful Total March 31, 2021 Real estate loans: Commercial property $ — $ 11,830 $ — $ — $ 11,830 Residential property 349 — — — 349 SBA property 1,375 252 — — 1,627 Commercial and industrial loans: Commercial term — 4,341 1,165 — 5,506 SBA commercial term 513 — — — 513 Total $ 2,237 $ 16,423 $ 1,165 $ — $ 19,825 December 31, 2020 Real estate loans: Commercial property $ 13,158 $ 10,268 $ 706 $ — $ 24,132 Residential property 425 — — — 425 SBA property 3,941 251 — — 4,192 Commercial and industrial loans: Commercial term — 4,362 1,165 — 5,527 SBA commercial term 1,769 — 72 — 1,841 Total $ 19,293 $ 14,881 $ 1,943 $ — $ 36,117 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 or substandard. Past Due and Nonaccrual Loans The following table presents the aging of past due recorded investment in accruing loans and nonaccrual loans by portfolio segment as of dates indicated: Still Accruing ($ in thousands) 30 to 59 Days Past Due 60 to 89 Days Past Due 90 or More Days Past Due Nonaccrual Total Past Due and Nonaccrual March 31, 2021 Real estate loans: SBA property $ — $ — $ — $ 841 $ 841 Commercial and industrial loans: SBA commercial term — — — 568 568 Other consumer loans 56 52 — 52 160 Total $ 56 $ 52 $ — $ 1,461 $ 1,569 December 31, 2020 Real estate loans: Commercial property $ — $ — $ — $ 524 $ 524 Residential property 182 — — 189 371 SBA property — — — 885 885 Commercial and industrial loans: Commercial lines of credit — — — 904 904 SBA commercial term — — — 595 595 Other consumer loans 120 36 — 66 222 Total $ 302 $ 36 $ — $ 3,163 $ 3,501 There were no nonaccrual loans guaranteed by a U.S. government agency at March 31, 2021 and December 31, 2020. All loans under modified terms related to the COVID-19 pandemic were on accrual status and current at March 31, 2021 and December 31, 2020. Impaired Loans The following table presents loans individually evaluated for impairment by portfolio segment as of the dates indicated. The recorded investment presents customer balances net of any partial charge-offs recognized on the loans and net of any deferred fees and costs. With No Allowance Recorded With an Allowance Recorded ($ in thousands) Recorded Investment Unpaid Principal Balance Recorded Investment Unpaid Principal Balance Related Allowance March 31, 2021 Real estate loans: Commercial property $ 331 $ 330 $ — $ — $ — SBA property 1,057 1,109 47 45 3 Commercial and industrial loans: Commercial term 14 14 — — — SBA commercial term 579 613 — — — Total $ 1,981 $ 2,066 $ 47 $ 45 $ 3 December 31, 2020 Real estate loans: Commercial property $ 856 $ 855 $ — $ — $ — Residential property 189 189 — — — SBA property 1,108 1,198 47 45 3 Commercial and industrial loans: Commercial term 18 18 — — — Commercial lines of credit 905 905 — — — SBA commercial term 592 632 16 18 2 Total $ 3,668 $ 3,797 $ 63 $ 63 $ 5 The following table presents information on the recorded investment in impaired loans by portfolio segment for the periods indicated: Three Months Ended March 31, 2021 2020 ($ in thousands) Average Recorded Investment Interest Income Average Recorded Investment Interest Income Real estate loans: Commercial property $ 332 $ 6 $ 339 $ 5 SBA property 1,342 7 1,765 5 Commercial and industrial loans: Commercial term 16 — 27 — Commercial lines of credit — — 2,433 — SBA commercial term 288 — 541 1 Total $ 1,978 $ 13 $ 5,105 $ 11 The following presents a summary of interest foregone on impaired loans for the periods indicated: Three Months Ended March 31, ($ in thousands) 2021 2020 Interest income that would have been recognized had impaired loans performed in accordance with their original terms $ 28 $ 79 Less: interest income recognized on impaired loans on a cash basis (13) (11) Interest income foregone on impaired loans $ 15 $ 68 Troubled Debt Restructurings The following table presents the composition of loans that were modified as TDRs by portfolio segment as of the dates indicated: March 31, 2021 December 31, 2020 ($ in thousands) Accruing Nonaccrual Total Accruing Nonaccrual Total Real estate loans: Commercial property $ 331 $ — $ 331 $ 333 $ — $ 333 SBA property 264 33 297 270 5 275 Commercial and industrial loans: Commercial term 14 — 14 18 — 18 SBA commercial term 11 — 11 13 — 13 Total $ 620 $ 33 $ 653 $ 634 $ 5 $ 639 The following table presents information on new loans that were modified as TDRs for the periods indicated: Three Months Ended March 31, 2021 2020 ($ in thousands) Number of Loans Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Number of Loans Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Commercial and industrial loans: SBA commercial term (1) — $ — $ — 2 $ 37 $ 37 Total — $ — $ — 2 $ 37 $ 37 (1) Modified by deferral of principal payment. The Company had no commitments to lend to customers with outstanding loans that were classified as TDRs as of March 31, 2021 and December 31, 2020. 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 of allowance for loan losses as of March 31, 2021 and December 31, 2020. 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 periods indicated: Three Months Ended March 31, 2021 2020 ($ 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 March 31, ($ in thousands) 2021 2020 Real estate loans: Residential property $ — $ 1,125 Commercial and industrial loans: SBA commercial term — 230 Total $ — $ 1,355 The Company had no transfers of loans held-for-sale to held-for-investment during the three months ended March 31, 2021 and 2020. The Company had no purchases of loans held-for-investment during the three months ended March 31, 2021 and 2020. The Company had no sales of loans held-for-investment during the three months ended March 31, 2021 and 2020. When the Company changes its intent to hold loans for investment, the loans are transferred to held-for-sale. Loans Held-For-Sale The following table presents a composition of loans held-for-sale as of the dates indicated: ($ in thousands) March 31, 2021 December 31, 2020 Real estate loans: Residential property $ — $ 300 SBA property 3,569 1,411 Commercial and industrial loans: SBA commercial term — 268 Total $ 3,569 $ 1,979 Loans held-for-sale are carried at the lower of cost or fair value. When a determination is made at the time of commitment to originate as held-for-investment, it is the Company’s intent to hold these loans to maturity or for the “foreseeable future,” subject to periodic reviews under the Company’s management evaluation processes, including asset/liability management and credit risk management. When the Company subsequently changes its intent to hold certain loans, the loans are transferred to held-for-sale at the lower of cost or fair value. Certain loans are transferred to held-for-sale with write-downs to allowance for loan losses.

Servicing Assets

Servicing Assets	3 Months Ended
	Mar. 31, 2021
Transfers and Servicing [Abstract]
Servicing Assets	Servicing Assets At March 31, 2021 and December 31, 2020, total servicing assets were $6.3 million and $6.4 million, respectively. The Company sells SBA loans and certain residential property loans with servicing retained. The Company sold loans of $10.9 million and $11.5 million, respectively, with the servicing rights retained and recognized a net gain on sale of $1.2 million and $699 thousand, respectively, during the three months ended March 31, 2021 and 2020. Loan servicing income was $882 thousand and $554 thousand for the three months ended March 31, 2021 and 2020, respectively. The following table presents the composition of servicing assets with key assumptions used to estimate the fair value as of the dates indicated: March 31, 2021 December 31, 2020 ($ in thousands) Residential Property SBA Property SBA Commercial Term Residential Property SBA Property SBA Commercial Term Carrying amount $ 105 $ 5,519 $ 629 $ 109 $ 5,642 $ 649 Fair value $ 152 $ 10,836 $ 946 $ 133 $ 8,498 $ 888 Discount rate 6.33 % 8.75 % 9.64 % 11.25 % 13.25 % 12.75 % Prepayment speed 25.10 % 7.98 % 10.46 % 27.20 % 9.99 % 11.01 % Weighted average remaining life 22.8 years 21.1 years 6.8 years 23.1 years 21.1 years 6.6 years Underlying loans being serviced $ 21,356 $ 397,415 $ 74,210 $ 22,299 $ 400,982 $ 75,514 The following table presents activity in servicing assets for the periods indicated: Three Months Ended March 31, 2021 2020 ($ in thousands) Residential Property SBA Property SBA Commercial Term Residential Property SBA Property SBA Commercial Term Balance at beginning of period $ 109 $ 5,642 $ 649 $ 171 $ 5,805 $ 822 Additions — 207 37 — 122 42 Amortization (4) (330) (57) (18) (479) (107) Balance at end of period $ 105 $ 5,519 $ 629 $ 153 $ 5,448 $ 757

Other Real Estate Owned

Other Real Estate Owned	3 Months Ended
	Mar. 31, 2021
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 March 31, ($ in thousands) 2021 2020 Balance at beginning of period $ 1,401 $ — Additions 1,960 376 Sales (1,025) — Net change in valuation allowance — — Balance at end of period $ 2,336 $ 376 The following table presents activity in OREO valuation allowance for the periods indicated: Three Months Ended March 31, ($ in thousands) 2021 2020 Balance at beginning of period $ — $ — Additions — — Net direct write-downs and removal from sale — — Balance at end of period $ — $ — The following table presents expenses related to OREOs for the periods indicated: Three Months Ended March 31, ($ in thousands) 2021 2020 Net gain (loss) on sales $ 75 $ — Operating expenses, net of rental income (63) — Total $ 12 $ —

Operating Leases

Operating Leases	3 Months Ended
	Mar. 31, 2021
Leases [Abstract]
Operating Leases	Operating Leases The following table presents operating lease cost and supplemental cash flow information related to leases for the periods indicated: Three Months Ended March 31, ($ in thousands) 2021 2020 Operating lease cost (1) $ 651 $ 691 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 699 $ 733 Right of use assets obtained in exchange for lease obligations $ 105 $ 38 (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) March 31, 2021 December 31, 2020 Operating leases: Operating lease assets $ 7,145 $ 7,616 Operating lease liabilities $ 7,935 $ 8,455 Weighted-average remaining lease term 4.1 years 4.3 years Weighted-average discount rate 2.57 % 2.60 % The following table presets maturities of operating lease liabilities as of March 31, 2021: ($ in thousands) March 31, 2021 Maturities: 2021 $ 1,872 2022 2,385 2023 2,002 2024 726 2025 687 After 2025 818 Total lease payment 8,490 Imputed Interest (555) Present value of operating lease liabilities $ 7,935

Federal Home Loan Bank Advances

Federal Home Loan Bank Advances and Other Borrowings	3 Months Ended
	Mar. 31, 2021
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 $40.0 million and $80.0 million at March 31, 2021 and December 31, 2020, respectively. FHLB advances consisted of fixed interest rate term borrowings with original maturity terms ranging from one one At March 31, 2021 and December 31, 2020, loans pledged to secure borrowings from the FHLB were $816.5 million and $834.4 million, respectively. The Company’s investment in capital stock of the FHLB of San Francisco totaled $8.3 million and $8.3 million at March 31, 2021 and December 31, 2020, respectively. The Company had additional borrowing capacity of $440.7 million and $425.3 million from the FHLB as of March 31, 2021 and December 31, 2020, respectively. Other Borrowing Arrangements At March 31, 2021, the Company had $34.4 million of unused borrowing capacity from the Federal Reserve Discount Window, to which the Company pledged loans with a carrying value of $42.1 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 March 31, 2021.

Shareholders_ Equity

Shareholders’ Equity	3 Months Ended
	Mar. 31, 2021
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	3 Months Ended
	Mar. 31, 2021
Share-based Payment Arrangement [Abstract]
Share-Based Compensation	Share-Based Compensation On July 25, 2013, the Company adopted the 2013 Equity Based Stock Compensation Plan (“2013 EBSC Plan”) approved by its shareholders to replace the 2003 Stock Option Plan. The 2013 EBSC Plan provides 1,114,446 shares of common stock for equity based compensation awards including incentive and non-qualified stock options and restricted stock awards. As of March 31, 2021, there were 499,670 shares available for future grants. Share-Based Compensation Expense The following table presents share-based compensation expense and the related tax benefits for the periods indicated: Three Months Ended March 31, ($ in thousands) 2021 2020 Share-based compensation expense related to: Stock options $ 28 $ 157 Restricted stock awards 62 37 Total share-based compensation expense $ 90 $ 194 Related tax benefits $ 20 $ 8 The following table presents unrecognized share-based compensation expense as of March 31, 2021: ($ in thousands) Unrecognized Expense Weighted-Average Remaining Expected Recognition Period Unrecognized share-based compensation expense related to: Stock options $ 350 2.1 years Restricted stock awards 646 2.8 years Total unrecognized share-based compensation expense $ 996 2.6 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 Three Months Ended March 31, 2021 ($ 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 718,935 $ 10.87 5.1 years $ — Granted 20,000 $ 12.51 10.0 years Exercised (49,580) $ 9.43 3.9 years Forfeited (10,000) $ 17.47 8.0 years Outstanding at end of period 679,355 $ 10.92 5.0 years $ 2,770 Exercisable at end of period 565,256 $ 10.08 4.4 years $ 2,781 The following table represents information regarding unvested stock options for the three months ended March 31, 2021: Three Months Ended March 31, 2021 Number of Shares Weighted-Average Exercise Price Per Share Outstanding at beginning of period 121,199 $ 15.68 Granted 20,000 $ 12.51 Vested (17,100) $ 14.79 Forfeited (10,000) $ 17.47 Outstanding at end of period 114,099 $ 15.10 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 March 31, 2021 Number of Shares Weighted-Average Grant Date Fair Value Per Share Outstanding at beginning of period 30,300 $ 16.27 Granted 33,784 $ 10.36 Vested (200) $ 13.93 Forfeited (1,000) $ 15.53 Outstanding at end of period 62,884 $ 13.13

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income tax expense was $3.6 million and $1.6 million, respectively, and the effective tax rate was 29.6% and 30.4%, respectively, for the three months ended March 31, 2021 and 2020. At March 31, 2021 and December 31, 2020, the Company had no unrecognized tax benefits or related accrued interest. The Company and its subsidiaries are subject to U.S. federal and various state jurisdictions income tax examinations. As of March 31, 2021, 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	3 Months Ended
	Mar. 31, 2021
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The following table presents the computations of basic and diluted EPS for the periods indicated: Three Months Ended March 31, ($ in thousands, except per share) 2021 2020 Basic earnings per share: Net income $ 8,560 $ 3,572 Less: income allocated to unvested restricted stock (33) (9) Net income allocated to common stock $ 8,527 $ 3,563 Weighted-average total common shares outstanding 15,443,120 15,543,473 Less: weighted-average unvested restricted stock (58,777) (37,774) Weighted-average common shares outstanding, basic 15,384,343 15,505,699 Basic earnings per share $ 0.55 $ 0.23 Diluted earnings per share: Net income allocated to common stock $ 8,527 $ 3,563 Weighted-average common shares outstanding, basic 15,384,343 15,505,699 Diluted effect of stock options 149,265 194,445 Weighted-average common shares outstanding, diluted 15,533,608 15,700,144 Diluted earnings per share $ 0.55 $ 0.23 There were 173,000 and 163,000 stock options excluded in computing diluted EPS because they were anti-dilutive for three months ended March 31, 2021 and 2020, respectively.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies In the ordinary course of business, the Company enters into financial commitments to meet the financing needs of its customers. These financial commitments include commitments to extend credit and letters of credit. Those instruments involve to varying degrees, elements of credit, and interest rate risk not recognized in the Company’s consolidated financial statements. As of March 31, 2021 and December 31, 2020, the Company had the following outstanding financial commitments whose contractual amount represents credit risk: March 31, 2021 December 31, 2020 ($ in thousands) Fixed Rate Variable Rate Fixed Rate Variable Rate Unused lines of credit $ 3,280 $ 165,101 $ 6,623 $ 150,247 Unfunded loan commitments 1,466 36,898 1,752 34,874 Standby letters of credit 2,971 1,814 2,971 1,814 Commercial letters of credit 219 — — — Total $ 7,936 $ 203,813 $ 11,346 $ 186,935 Unfunded loan commitments are generally made for periods of 90 days or less, except for SBA loans that are generally made for periods of 180 days or less. 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 a reserve for off-balance sheet items of $235 thousand and $238 thousand, respectively, at March 31, 2021 and December 31, 2020, 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 may in the future impact its business, results of operations, and financial condition negatively.

Regulatory Matters

Regulatory Matters	3 Months Ended
	Mar. 31, 2021
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 March 31, 2021 and December 31, 2020, 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 $3 billion asset level, it will again be subject to capital measurements independent of the Bank. For comparison purposes, the Company’s ratios are included in the following discussion as well, all of which would have exceeded the “well-capitalized” level had the Company been subject to separate capital minimums. The Company and the Bank’s capital conservation buffer was 9.17% and 8.88%, respectively, as of March 31, 2021, and 9.22% and 8.95%, respectively, as of December 31, 2020. Unrealized gain or loss on securities available-for-sale is not included in computing regulatory capital. The following table presents the regulatory capital amounts and ratios for the Company and the Bank as of dates indicated: Actual Minimum Capital Requirement To Be Well Capitalized Under Prompt Corrective Provisions ($ in thousands) Amount Ratio Amount Ratio Amount Ratio March 31, 2021 PCB Bancorp Common tier 1 capital (to risk-weighted assets) $ 238,776 15.92 % $ 67,500 4.5 % N/A N/A Total capital (to risk-weighted assets) 257,612 17.17 % 120,000 8.0 % N/A N/A Tier 1 capital (to risk-weighted assets) 238,776 15.92 % 90,000 6.0 % N/A N/A Tier 1 capital (to average assets) 238,776 12.03 % 79,371 4.0 % N/A N/A Pacific City Bank Common tier 1 capital (to risk-weighted assets) $ 234,302 15.62 % $ 67,497 4.5 % $ 97,496 6.5 % Total capital (to risk-weighted assets) 253,137 16.88 % 119,995 8.0 % 149,994 10.0 % Tier 1 capital (to risk-weighted assets) 234,302 15.62 % 89,996 6.0 % 119,995 8.0 % Tier 1 capital (to average assets) 234,302 11.81 % 79,370 4.0 % 99,212 5.0 % December 31, 2020 PCB Bancorp Common tier 1 capital (to risk-weighted assets) $ 231,183 15.97 % $ 65,162 4.5 % N/A N/A Total capital (to risk-weighted assets) 249,391 17.22 % 115,843 8.0 % N/A N/A Tier 1 capital (to risk-weighted assets) 231,183 15.97 % 86,882 6.0 % N/A N/A Tier 1 capital (to average assets) 231,183 11.94 % 77,452 4.0 % N/A N/A Pacific City Bank Common tier 1 capital (to risk-weighted assets) $ 227,268 15.70 % $ 65,160 4.5 % $ 94,120 6.5 % Total capital (to risk-weighted assets) 245,474 16.95 % 115,840 8.0 % 144,800 10.0 % Tier 1 capital (to risk-weighted assets) 227,268 15.70 % 86,880 6.0 % 115,840 8.0 % Tier 1 capital (to average assets) 227,268 11.74 % 77,450 4.0 % 96,813 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. Under the balance sheet test, 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. On April 30, 2019, the FDIC, the CDFPI and the Bank entered into a stipulation consenting to the issuance of a consent order (the “Order”) relating to the Bank’s BSA/AML. Subsequent to the Order, the Bank implemented many actions to respond to the requirements of the Order and submitted all required reports to the FDIC and CDFPI. On September 30, 2020, the FDIC and CDFPI terminated the Order upon the Bank’s satisfaction of the terms and requirements of the Order to their satisfaction.

Revenue Recognition

Revenue Recognition	3 Months Ended
	Mar. 31, 2021
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition The following table presents revenue from contracts with customers within the scope of ASC 606 for the periods indicated: Three Months Ended March 31, ($ in thousands) 2021 2020 Noninterest income in-scope of Topic 606 Service charges and fees on deposits: Monthly service fees $ 20 $ 28 Account analysis fees 210 235 Non-sufficient funds charges 49 100 Other deposit related fees 14 27 Total service charges and fees on deposits 293 390 Debit card fees 59 69 Gain on sale of other real estate owned 75 — Wire transfer fees 135 128 Other service charges 52 52 Total $ 614 $ 639

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2021
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Announcement of Stock Repurchase Plan. On April 8, 2021, the Company’s Board of Directors approved a repurchase program authorizing the repurchase of up to 5% of the Company’s outstanding common stock as of the date of the board meeting, which represented 775,000 shares, through September 7, 2021. Dividend Declared on Common Stock. On April 22, 2021, 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 May 14, 2021, to shareholders of record as of the close of business on May 7, 2021. The Company has evaluated the effects of events that have occurred subsequent to March 31, 2021 through the issuance date of these consolidated financial statements (unaudited). Other than the events described above, there have been no material events that would require disclosure in the consolidated financial statements or in the notes to the consolidated financial statements.

Basis of Presentation and Sig_2

Basis of Presentation and Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2021
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, 2020 filed by the Company with the SEC. The December 31, 2020 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, 2020 filed with the SEC, but does not include all of the disclosures required by GAAP for complete financial statements. In the opinion of management of the Company, the accompanying unaudited interim consolidated financial statements reflect all of the adjustments (consisting of normal recurring adjustments) necessary for a fair presentation of the consolidated financial condition and consolidated results of operations as of the dates and for the periods presented. Certain reclassifications have been made in the prior period financial statements to conform to the current period presentation. The results of operations for the three months ended March 31, 2021 are not necessarily indicative of the results that may be expected for the year ending December 31, 2021.
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of PCB Bancorp and its wholly owned subsidiary as of March 31, 2021 and December 31, 2020 and for the three months ended March 31, 2021 and 2020. 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 The 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. The SBA guarantees 100% of the PPP loans made to eligible borrowers, and the loans are eligible to be forgiven if certain conditions are met, at which point the SBA will make payments to the Bank for the forgiven amounts. These loans are included in the C&I portfolio and have an interest rate of 1%. The substantial majority of the SBA PPP loans funded in 2020 in the Company’s portfolio have a maturity of two years. On January 13, 2021, the SBA began accepting applications for second draw PPP loans. During the three months ended March 31, 2021, the Company had funded 1,072 SBA PPP loans totaling $104.3 million, net of unamortized deferred fees and costs. SBA PPP loans funded in 2021 in the Company’s portfolio have a maturity of 5 years. As of March 31, 2021, the Company had 2,249 SBA PPP loans totaling $218.7 million, net of unamortized deferred fees and costs. The Company defers loan origination fees on SBA PPP loans and 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 March 31, 2021 and December 31, 2020.
Adopted Accounting Pronouncements and Recent Accounting Pronouncements Not Yet Adopted	Adopted Accounting Pronouncements During the three months ended March 31, 2021, 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 was effective for public business entities that are SEC filers for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. In 2019, the FASB amended this ASU, which delays the effective date to 2023 for certain SEC filers that are Smaller Reporting Companies, which would apply to the Company. The Company plans to adopt this ASU at the delayed effective date of January 1, 2023.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2021
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 March 31, 2021 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ — $ 87,220 $ — $ 87,220 Residential collateralized mortgage obligations — 23,097 — 23,097 SBA loan pool securities — 11,050 — 11,050 Municipal bonds — 5,747 — 5,747 Total securities available-for-sale — 127,114 — 127,114 Total assets measured at fair value on a recurring basis $ — $ 127,114 $ — $ 127,114 Total liabilities measured at fair value on a recurring basis $ — $ — $ — $ — December 31, 2020 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ — $ 76,154 $ — $ 76,154 Residential collateralized mortgage obligations — 26,467 — 26,467 SBA loan pool securities — 12,080 — 12,080 Municipal bonds — 5,826 — 5,826 Total securities available-for-sale — 120,527 — 120,527 Total assets measured at fair value on a recurring basis $ — $ 120,527 $ — $ 120,527 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 March 31, 2021 Impaired loans: SBA property $ — $ — $ 228 $ — Total impaired loans — — 228 — Total assets measured at fair value on a non-recurring basis $ — $ — $ 228 $ — Total liabilities measured at fair value on a non-recurring basis $ — $ — $ — $ — December 31, 2020 Impaired loans: SBA property $ — $ — $ 218 $ 218 Commercial lines of credit — — 904 904 SBA commercial term — — 255 255 Total impaired loans — — 1,377 1,377 Total assets measured at fair value on a non-recurring basis $ — $ — $ 1,377 $ 1,377 Total liabilities measured at fair value on a non-recurring basis $ — $ — $ — $ —
Quantitative Information About Level 3 Fair Value Measurements	The following table presents quantitative information about level 3 fair value measurements for assets measured at fair value on a non-recurring basis as of the dates indicated: ($ in thousands) Fair Value Valuation Technique(s) Unobservable Input(s) Range (Weighted-Average) March 31, 2021 Impaired loans: SBA property $ 228 Fair value of collateral NM NM December 31, 2020 Impaired loans: SBA property $ 218 Fair value of collateral NM NM Commercial lines of credit $ 904 Sales comparison approach Adjustment for differences between the comparable estate sales 5% to 9% (7.6%) SBA commercial term $ 255 Fair value of collateral NM NM
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 March 31, ($ in thousands) 2021 2020 Collateral dependent impaired loans: SBA property $ 17 $ (27) Commercial lines of credit (136) (506) SBA commercial term (30) (164) Other real estate owned 75 — Net losses recognized $ (74) $ (697)
Schedule of Carrying Value and Estimated Fair Values of Financial Assets and Liabilities	The following table presents the carrying value and estimated fair values of financial assets and liabilities as of the dates indicated: Carrying Value Fair Value Fair Value Measurements ($ in thousands) Level 1 Level 2 Level 3 March 31, 2021 Financial assets: Interest-bearing deposits in other financial institutions $ 195,016 $ 195,016 $ 195,016 $ — $ — Securities available-for-sale 127,114 127,114 — 127,114 — Loans held-for-sale 3,569 3,989 — 3,989 — Net loans held-for-investment 1,660,402 1,678,008 — — 1,678,008 FHLB and other restricted stock 8,447 N/A N/A N/A — Accrued interest receivable 7,523 7,523 4 281 7,238 Financial liabilities: Deposits $ 1,753,771 $ 1,718,124 $ — $ — $ 1,718,124 FHLB advances 40,000 40,232 — 40,232 — Accrued interest payable 987 987 — 3 984 December 31, 2020 Financial assets: Interest-bearing deposits in other financial institutions $ 174,493 $ 174,493 $ 174,493 $ — $ — Securities available-for-sale 120,527 120,527 — 120,527 — Loans held-for-sale 1,979 2,112 — 2,112 — Net loans held-for-investment 1,557,068 1,574,063 — — 1,574,063 FHLB and other restricted stock 8,447 N/A N/A N/A N/A Accrued interest receivable 9,334 9,334 1 322 9,011 Financial liabilities: Deposits $ 1,594,851 $ 1,594,112 $ — $ — $ 1,594,112 FHLB advances 80,000 80,321 — 80,321 — Accrued interest payable 2,226 2,226 — 2 2,224

Investment Securities (Tables)

Investment Securities (Tables)	3 Months Ended
	Mar. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Debt Securities, Available-for-sale	The following table presents the amortized cost and fair value of the securities available-for-sale as of the dates indicated: ($ in thousands) Amortized Cost Gross Unrealized Gain Gross Unrealized Loss Fair Value March 31, 2021 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ 86,999 $ 1,115 $ (894) $ 87,220 Residential collateralized mortgage obligations 22,825 303 (31) 23,097 SBA loan pool securities 10,920 158 (28) 11,050 Municipal bonds 5,360 387 — 5,747 Total securities available-for-sale $ 126,104 $ 1,963 $ (953) $ 127,114 December 31, 2020 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ 74,622 $ 1,558 $ (26) $ 76,154 Residential collateralized mortgage obligations 26,216 294 (43) 26,467 SBA loan pool securities 11,753 349 (22) 12,080 Municipal bonds 5,370 456 — 5,826 Total securities available-for-sale $ 117,961 $ 2,657 $ (91) $ 120,527
Investments Classified by Contractual Maturity Date	The following table presents the amortized cost and fair value of the investment securities by contractual maturity as of March 31, 2021. 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 2,183 2,262 Five to ten years 841 868 Greater than ten years 2,336 2,617 Residential mortgage-backed securities, residential collateralized mortgage obligations and SBA loan pool securities 120,744 121,367 Total $ 126,104 $ 127,114
Schedule of Unrealized Loss on Investments	The following table summarizes the investment securities with unrealized losses by security type and length of time in a continuous unrealized loss position as of the dates indicated: Length of Time that Individual Securities Have Been In a Continuous Unrealized Loss Position Less Than 12 Months 12 Months or Longer Total ($ in thousands) Fair Value Gross Unrealized Losses Number of Securities Fair Value Gross Unrealized Losses Number of Securities Fair Value Gross Unrealized Losses Number of Securities March 31, 2021 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ 45,263 $ (894) 22 $ — $ — — $ 45,263 $ (894) 22 Residential collateralized mortgage obligations 988 (7) 2 2,221 (24) 2 3,209 (31) 4 SBA loan pool securities 1,172 (7) 1 3,360 (21) 6 4,532 (28) 7 Total securities available-for-sale $ 47,423 $ (908) 25 $ 5,581 $ (45) 8 $ 53,004 $ (953) 33 December 31, 2020 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ 5,773 $ (26) 4 $ — $ — — $ 5,773 $ (26) 4 Residential collateralized mortgage obligations 2,424 (4) 3 5,127 (39) 6 7,551 (43) 9 SBA loan pool securities 1,677 (4) 2 1,869 (18) 4 3,546 (22) 6 Total securities available-for-sale $ 9,874 $ (34) 9 $ 6,996 $ (57) 10 $ 16,870 $ (91) 19

Loans and Allowance for Loan _2

Loans and Allowance for Loan Losses (Tables)	3 Months Ended
	Mar. 31, 2021
Receivables [Abstract]
Loans Held-For-Investment	The following table presents, by recorded investment, the composition of the Company’s loans held-for-investment (net of deferred fees and costs) as of the dates indicated: ($ in thousands) March 31, 2021 December 31, 2020 Real estate loans: Commercial property $ 922,536 $ 880,736 Residential property 190,990 198,431 SBA property 125,989 126,570 Construction 13,151 15,199 Total real estate loans 1,252,666 1,220,936 Commercial and industrial loans: Commercial term 80,361 87,250 Commercial lines of credit 91,970 96,087 SBA commercial term 21,078 21,878 SBA PPP 218,709 135,654 Total commercial and industrial loans 412,118 340,869 Other consumer loans 21,132 21,773 Loans held-for-investment 1,685,916 1,583,578 Allowance for loan losses (25,514) (26,510) Net loans held-for-investment $ 1,660,402 $ 1,557,068 The following table presents a summary of SBA PPP loans as of March 31, 2021: ($ in thousands) Number of Loans Amount Loan amount: $50,000 or less 1,354 $ 26,998 Over $50,000 and less than $350,000 755 94,612 Over $350,000 and less than $2,000,000 136 86,755 $2,000,000 or more 4 10,344 Total 2,249 $ 218,709
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 March 31, 2021: Modification Type ($ in thousands) Payment Deferment Interest Only Payment Total Real estate loans: Commercial property $ — $ 11,830 $ 11,830 Residential property 349 — 349 SBA property — 1,627 1,627 Commercial and industrial loans: Commercial term — 5,506 5,506 SBA commercial term — 513 513 Total $ 349 $ 19,476 $ 19,825
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 periods indicated: ($ in thousands) Real Estate Commercial and Industrial Other Consumer Total Balance at January 1, 2021 $ 18,894 $ 7,222 $ 394 $ 26,510 Charge-offs (18) (5) (22) (45) Recoveries on loans previously charged off 30 149 17 196 Provision (reversal) for loan losses (213) (898) (36) (1,147) Balance at March 31, 2021 $ 18,693 $ 6,468 $ 353 $ 25,514 Balance at January 1, 2020 $ 9,854 $ 4,354 $ 172 $ 14,380 Charge-offs (27) (675) (76) (778) Recoveries on loans previously charged off 56 91 29 176 Provision (reversal) for loan losses 2,065 779 52 2,896 Balance at March 31, 2020 $ 11,948 $ 4,549 $ 177 $ 16,674 The following tables present the information on allowance for loan losses and recorded investments by portfolio segment and impairment methodology as of the dates indicated: ($ in thousands) Real Estate Commercial and Industrial Other Consumer Total March 31, 2021 Allowance for loan losses: Individually evaluated for impairment $ 3 $ — $ — $ 3 Collectively evaluated for impairment 18,690 6,468 353 25,511 Total $ 18,693 $ 6,468 $ 353 $ 25,514 Loans receivable: Individually evaluated for impairment $ 1,435 $ 593 $ — $ 2,028 Collectively evaluated for impairment 1,251,231 411,525 21,132 1,683,888 Total $ 1,252,666 $ 412,118 $ 21,132 $ 1,685,916 December 31, 2020 Allowance for loan losses: Individually evaluated for impairment $ 3 $ 2 $ — $ 5 Collectively evaluated for impairment 18,891 7,220 394 26,505 Total $ 18,894 $ 7,222 $ 394 $ 26,510 Loans receivable: Individually evaluated for impairment $ 2,200 $ 1,531 $ — $ 3,731 Collectively evaluated for impairment 1,218,736 339,338 21,773 1,579,847 Total $ 1,220,936 $ 340,869 $ 21,773 $ 1,583,578
Risk Categories for Loans by Portfolio Segment	The following table presents the risk categories for the recorded investment in loans by portfolio segment as of dates indicated: ($ in thousands) Pass Special Mention Substandard Doubtful Total March 31, 2021 Real estate loans: Commercial property $ 907,989 $ 11,829 $ 2,718 $ — $ 922,536 Residential property 190,990 — — — 190,990 SBA property 123,229 252 2,508 — 125,989 Construction 13,151 — — — 13,151 Commercial and industrial loans: Commercial term 74,854 4,342 1,165 — 80,361 Commercial lines of credit 90,671 1,299 — — 91,970 SBA commercial term 20,156 275 647 — 21,078 SBA PPP 218,709 — — — 218,709 Other consumer loans 21,080 — 52 — 21,132 Total $ 1,660,829 $ 17,997 $ 7,090 $ — $ 1,685,916 December 31, 2020 Real estate loans: Commercial property $ 866,508 $ 10,268 $ 3,960 $ — $ 880,736 Residential property 198,242 — 189 — 198,431 SBA property 123,147 251 3,172 — 126,570 Construction 15,199 — — — 15,199 Commercial and industrial loans: Commercial term 81,724 4,362 1,164 — 87,250 Commercial lines of credit 93,883 1,299 905 — 96,087 SBA commercial term 20,923 281 674 — 21,878 Other consumer loans 21,707 — 66 — 21,773 Total $ 1,556,987 $ 16,461 $ 10,130 $ — $ 1,583,578 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 dates indicated: ($ in thousands) Pass Special Mention Substandard Doubtful Total March 31, 2021 Real estate loans: Commercial property $ — $ 11,830 $ — $ — $ 11,830 Residential property 349 — — — 349 SBA property 1,375 252 — — 1,627 Commercial and industrial loans: Commercial term — 4,341 1,165 — 5,506 SBA commercial term 513 — — — 513 Total $ 2,237 $ 16,423 $ 1,165 $ — $ 19,825 December 31, 2020 Real estate loans: Commercial property $ 13,158 $ 10,268 $ 706 $ — $ 24,132 Residential property 425 — — — 425 SBA property 3,941 251 — — 4,192 Commercial and industrial loans: Commercial term — 4,362 1,165 — 5,527 SBA commercial term 1,769 — 72 — 1,841 Total $ 19,293 $ 14,881 $ 1,943 $ — $ 36,117
Aging of Past Due Accruing Loans and Nonaccrual Loans by Segment	The following table presents the aging of past due recorded investment in accruing loans and nonaccrual loans by portfolio segment as of dates indicated: Still Accruing ($ in thousands) 30 to 59 Days Past Due 60 to 89 Days Past Due 90 or More Days Past Due Nonaccrual Total Past Due and Nonaccrual March 31, 2021 Real estate loans: SBA property $ — $ — $ — $ 841 $ 841 Commercial and industrial loans: SBA commercial term — — — 568 568 Other consumer loans 56 52 — 52 160 Total $ 56 $ 52 $ — $ 1,461 $ 1,569 December 31, 2020 Real estate loans: Commercial property $ — $ — $ — $ 524 $ 524 Residential property 182 — — 189 371 SBA property — — — 885 885 Commercial and industrial loans: Commercial lines of credit — — — 904 904 SBA commercial term — — — 595 595 Other consumer loans 120 36 — 66 222 Total $ 302 $ 36 $ — $ 3,163 $ 3,501
Impairment by Portfolio Segment	The following table presents loans individually evaluated for impairment by portfolio segment as of the dates indicated. The recorded investment presents customer balances net of any partial charge-offs recognized on the loans and net of any deferred fees and costs. With No Allowance Recorded With an Allowance Recorded ($ in thousands) Recorded Investment Unpaid Principal Balance Recorded Investment Unpaid Principal Balance Related Allowance March 31, 2021 Real estate loans: Commercial property $ 331 $ 330 $ — $ — $ — SBA property 1,057 1,109 47 45 3 Commercial and industrial loans: Commercial term 14 14 — — — SBA commercial term 579 613 — — — Total $ 1,981 $ 2,066 $ 47 $ 45 $ 3 December 31, 2020 Real estate loans: Commercial property $ 856 $ 855 $ — $ — $ — Residential property 189 189 — — — SBA property 1,108 1,198 47 45 3 Commercial and industrial loans: Commercial term 18 18 — — — Commercial lines of credit 905 905 — — — SBA commercial term 592 632 16 18 2 Total $ 3,668 $ 3,797 $ 63 $ 63 $ 5 The following table presents information on the recorded investment in impaired loans by portfolio segment for the periods indicated: Three Months Ended March 31, 2021 2020 ($ in thousands) Average Recorded Investment Interest Income Average Recorded Investment Interest Income Real estate loans: Commercial property $ 332 $ 6 $ 339 $ 5 SBA property 1,342 7 1,765 5 Commercial and industrial loans: Commercial term 16 — 27 — Commercial lines of credit — — 2,433 — SBA commercial term 288 — 541 1 Total $ 1,978 $ 13 $ 5,105 $ 11 The following presents a summary of interest foregone on impaired loans for the periods indicated: Three Months Ended March 31, ($ in thousands) 2021 2020 Interest income that would have been recognized had impaired loans performed in accordance with their original terms $ 28 $ 79 Less: interest income recognized on impaired loans on a cash basis (13) (11) Interest income foregone on impaired loans $ 15 $ 68
Modified TDRs by Portfolio Segment	The following table presents the composition of loans that were modified as TDRs by portfolio segment as of the dates indicated: March 31, 2021 December 31, 2020 ($ in thousands) Accruing Nonaccrual Total Accruing Nonaccrual Total Real estate loans: Commercial property $ 331 $ — $ 331 $ 333 $ — $ 333 SBA property 264 33 297 270 5 275 Commercial and industrial loans: Commercial term 14 — 14 18 — 18 SBA commercial term 11 — 11 13 — 13 Total $ 620 $ 33 $ 653 $ 634 $ 5 $ 639 The following table presents information on new loans that were modified as TDRs for the periods indicated: Three Months Ended March 31, 2021 2020 ($ in thousands) Number of Loans Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Number of Loans Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Commercial and industrial loans: SBA commercial term (1) — $ — $ — 2 $ 37 $ 37 Total — $ — $ — 2 $ 37 $ 37 (1) Modified by deferral of principal payment. The 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 periods indicated: Three Months Ended March 31, 2021 2020 ($ 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 March 31, ($ in thousands) 2021 2020 Real estate loans: Residential property $ — $ 1,125 Commercial and industrial loans: SBA commercial term — 230 Total $ — $ 1,355 The Company had no transfers of loans held-for-sale to held-for-investment during the three months ended March 31, 2021 and 2020. The following table presents a composition of loans held-for-sale as of the dates indicated: ($ in thousands) March 31, 2021 December 31, 2020 Real estate loans: Residential property $ — $ 300 SBA property 3,569 1,411 Commercial and industrial loans: SBA commercial term — 268 Total $ 3,569 $ 1,979

Servicing Assets (Tables)

Servicing Assets (Tables)	3 Months Ended
	Mar. 31, 2021
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: March 31, 2021 December 31, 2020 ($ in thousands) Residential Property SBA Property SBA Commercial Term Residential Property SBA Property SBA Commercial Term Carrying amount $ 105 $ 5,519 $ 629 $ 109 $ 5,642 $ 649 Fair value $ 152 $ 10,836 $ 946 $ 133 $ 8,498 $ 888 Discount rate 6.33 % 8.75 % 9.64 % 11.25 % 13.25 % 12.75 % Prepayment speed 25.10 % 7.98 % 10.46 % 27.20 % 9.99 % 11.01 % Weighted average remaining life 22.8 years 21.1 years 6.8 years 23.1 years 21.1 years 6.6 years Underlying loans being serviced $ 21,356 $ 397,415 $ 74,210 $ 22,299 $ 400,982 $ 75,514
Schedule of Servicing Asset	The following table presents activity in servicing assets for the periods indicated: Three Months Ended March 31, 2021 2020 ($ in thousands) Residential Property SBA Property SBA Commercial Term Residential Property SBA Property SBA Commercial Term Balance at beginning of period $ 109 $ 5,642 $ 649 $ 171 $ 5,805 $ 822 Additions — 207 37 — 122 42 Amortization (4) (330) (57) (18) (479) (107) Balance at end of period $ 105 $ 5,519 $ 629 $ 153 $ 5,448 $ 757

Other Real Estate Owned (Tables

Other Real Estate Owned (Tables)	3 Months Ended
	Mar. 31, 2021
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 March 31, ($ in thousands) 2021 2020 Balance at beginning of period $ 1,401 $ — Additions 1,960 376 Sales (1,025) — Net change in valuation allowance — — Balance at end of period $ 2,336 $ 376 The following table presents activity in OREO valuation allowance for the periods indicated: Three Months Ended March 31, ($ in thousands) 2021 2020 Balance at beginning of period $ — $ — Additions — — Net direct write-downs and removal from sale — — Balance at end of period $ — $ — The following table presents expenses related to OREOs for the periods indicated: Three Months Ended March 31, ($ in thousands) 2021 2020 Net gain (loss) on sales $ 75 $ — Operating expenses, net of rental income (63) — Total $ 12 $ —

Operating Leases (Tables)

Operating Leases (Tables)	3 Months Ended
	Mar. 31, 2021
Leases [Abstract]
Operating Lease Cost and Supplemental Information	The following table presents operating lease cost and supplemental cash flow information related to leases for the periods indicated: Three Months Ended March 31, ($ in thousands) 2021 2020 Operating lease cost (1) $ 651 $ 691 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 699 $ 733 Right of use assets obtained in exchange for lease obligations $ 105 $ 38 (1) Included in Occupancy and Equipment on the Consolidated Statements of Income. ($ in thousands) March 31, 2021 December 31, 2020 Operating leases: Operating lease assets $ 7,145 $ 7,616 Operating lease liabilities $ 7,935 $ 8,455 Weighted-average remaining lease term 4.1 years 4.3 years Weighted-average discount rate 2.57 % 2.60 %
Maturities of Operating Lease Liabilities	The following table presets maturities of operating lease liabilities as of March 31, 2021: ($ in thousands) March 31, 2021 Maturities: 2021 $ 1,872 2022 2,385 2023 2,002 2024 726 2025 687 After 2025 818 Total lease payment 8,490 Imputed Interest (555) Present value of operating lease liabilities $ 7,935

Share-Based Compensation (Table

Share-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2021
Share-based Payment Arrangement [Abstract]
Shared-based Compensation Expense	The following table presents share-based compensation expense and the related tax benefits for the periods indicated: Three Months Ended March 31, ($ in thousands) 2021 2020 Share-based compensation expense related to: Stock options $ 28 $ 157 Restricted stock awards 62 37 Total share-based compensation expense $ 90 $ 194 Related tax benefits $ 20 $ 8 The following table presents unrecognized share-based compensation expense as of March 31, 2021: ($ in thousands) Unrecognized Expense Weighted-Average Remaining Expected Recognition Period Unrecognized share-based compensation expense related to: Stock options $ 350 2.1 years Restricted stock awards 646 2.8 years Total unrecognized share-based compensation expense $ 996 2.6 years
Share-based compensation, Stock Options	The following table represents stock option activity for the three months ended March 31, 2021: Three Months Ended March 31, 2021 ($ 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 718,935 $ 10.87 5.1 years $ — Granted 20,000 $ 12.51 10.0 years Exercised (49,580) $ 9.43 3.9 years Forfeited (10,000) $ 17.47 8.0 years Outstanding at end of period 679,355 $ 10.92 5.0 years $ 2,770 Exercisable at end of period 565,256 $ 10.08 4.4 years $ 2,781 The following table represents information regarding unvested stock options for the three months ended March 31, 2021: Three Months Ended March 31, 2021 Number of Shares Weighted-Average Exercise Price Per Share Outstanding at beginning of period 121,199 $ 15.68 Granted 20,000 $ 12.51 Vested (17,100) $ 14.79 Forfeited (10,000) $ 17.47 Outstanding at end of period 114,099 $ 15.10
Summary of Nonvested Restricted Stock Awards	The following table represents RSAs activity for the three months ended March 31, 2021: Three Months Ended March 31, 2021 Number of Shares Weighted-Average Grant Date Fair Value Per Share Outstanding at beginning of period 30,300 $ 16.27 Granted 33,784 $ 10.36 Vested (200) $ 13.93 Forfeited (1,000) $ 15.53 Outstanding at end of period 62,884 $ 13.13

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2021
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table presents the computations of basic and diluted EPS for the periods indicated: Three Months Ended March 31, ($ in thousands, except per share) 2021 2020 Basic earnings per share: Net income $ 8,560 $ 3,572 Less: income allocated to unvested restricted stock (33) (9) Net income allocated to common stock $ 8,527 $ 3,563 Weighted-average total common shares outstanding 15,443,120 15,543,473 Less: weighted-average unvested restricted stock (58,777) (37,774) Weighted-average common shares outstanding, basic 15,384,343 15,505,699 Basic earnings per share $ 0.55 $ 0.23 Diluted earnings per share: Net income allocated to common stock $ 8,527 $ 3,563 Weighted-average common shares outstanding, basic 15,384,343 15,505,699 Diluted effect of stock options 149,265 194,445 Weighted-average common shares outstanding, diluted 15,533,608 15,700,144 Diluted earnings per share $ 0.55 $ 0.23

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Schedule of Outstanding Financial Commitments	As of March 31, 2021 and December 31, 2020, the Company had the following outstanding financial commitments whose contractual amount represents credit risk: March 31, 2021 December 31, 2020 ($ in thousands) Fixed Rate Variable Rate Fixed Rate Variable Rate Unused lines of credit $ 3,280 $ 165,101 $ 6,623 $ 150,247 Unfunded loan commitments 1,466 36,898 1,752 34,874 Standby letters of credit 2,971 1,814 2,971 1,814 Commercial letters of credit 219 — — — Total $ 7,936 $ 203,813 $ 11,346 $ 186,935

Regulatory Matters (Tables)

Regulatory Matters (Tables)	3 Months Ended
	Mar. 31, 2021
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 March 31, 2021 PCB Bancorp Common tier 1 capital (to risk-weighted assets) $ 238,776 15.92 % $ 67,500 4.5 % N/A N/A Total capital (to risk-weighted assets) 257,612 17.17 % 120,000 8.0 % N/A N/A Tier 1 capital (to risk-weighted assets) 238,776 15.92 % 90,000 6.0 % N/A N/A Tier 1 capital (to average assets) 238,776 12.03 % 79,371 4.0 % N/A N/A Pacific City Bank Common tier 1 capital (to risk-weighted assets) $ 234,302 15.62 % $ 67,497 4.5 % $ 97,496 6.5 % Total capital (to risk-weighted assets) 253,137 16.88 % 119,995 8.0 % 149,994 10.0 % Tier 1 capital (to risk-weighted assets) 234,302 15.62 % 89,996 6.0 % 119,995 8.0 % Tier 1 capital (to average assets) 234,302 11.81 % 79,370 4.0 % 99,212 5.0 % December 31, 2020 PCB Bancorp Common tier 1 capital (to risk-weighted assets) $ 231,183 15.97 % $ 65,162 4.5 % N/A N/A Total capital (to risk-weighted assets) 249,391 17.22 % 115,843 8.0 % N/A N/A Tier 1 capital (to risk-weighted assets) 231,183 15.97 % 86,882 6.0 % N/A N/A Tier 1 capital (to average assets) 231,183 11.94 % 77,452 4.0 % N/A N/A Pacific City Bank Common tier 1 capital (to risk-weighted assets) $ 227,268 15.70 % $ 65,160 4.5 % $ 94,120 6.5 % Total capital (to risk-weighted assets) 245,474 16.95 % 115,840 8.0 % 144,800 10.0 % Tier 1 capital (to risk-weighted assets) 227,268 15.70 % 86,880 6.0 % 115,840 8.0 % Tier 1 capital (to average assets) 227,268 11.74 % 77,450 4.0 % 96,813 5.0 %

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Mar. 31, 2021
Revenue from Contract with Customer [Abstract]
Schedule of Revenue from Contracts with Customers	The following table presents revenue from contracts with customers within the scope of ASC 606 for the periods indicated: Three Months Ended March 31, ($ in thousands) 2021 2020 Noninterest income in-scope of Topic 606 Service charges and fees on deposits: Monthly service fees $ 20 $ 28 Account analysis fees 210 235 Non-sufficient funds charges 49 100 Other deposit related fees 14 27 Total service charges and fees on deposits 293 390 Debit card fees 59 69 Gain on sale of other real estate owned 75 — Wire transfer fees 135 128 Other service charges 52 52 Total $ 614 $ 639

Basis of Presentation and Sig_3

Basis of Presentation and Significant Accounting Policies (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2021USD ($)branchloanoffice	Jun. 30, 2020USD ($)	Dec. 31, 2020USD ($)
Product Information [Line Items]
Number of loan production offices | office	9
Reclassification of securities held-to-maturity to securities available-for-sale		$ 18,800
Unrealized gain arising from the reclassification of securities held-to-maturity to securities available-for-sale		$ 787
Modification term of loans modified due to COVID-19	6 months
Loans held-for-investment	$ 1,685,916		$ 1,583,578
COVID-19 Loan Modification
Product Information [Line Items]
Aggregate carrying amount of loans modified due to COVID-19	19,825
Loans held-for-investment	$ 19,825		$ 36,117
Small Business Administration (SBA), CARES Act, Paycheck Protection Program
Product Information [Line Items]
SBA PP Loans Extended | loan	2,249
Loans held-for-investment	$ 218,700
Small Business Administration (SBA), CARES Act, Paycheck Protection Program | 2020 SBA PPP
Product Information [Line Items]
Term of SBA PPP loans	2 years
Small Business Administration (SBA), CARES Act, Paycheck Protection Program | 2021 SBA PPP
Product Information [Line Items]
Term of SBA PPP loans	5 years
SBA PP Loans Extended | loan	1,072
Loans held-for-investment	$ 104,300
California
Product Information [Line Items]
Number of full-service branches | branch	11
New Jersey
Product Information [Line Items]
Number of full-service branches | branch	1

Fair Value Measurements - Asset

Fair Value Measurements - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Securities available-for-sale:
Total securities available-for-sale	$ 127,114	$ 120,527
Residential mortgage-backed securities
Securities available-for-sale:
Total securities available-for-sale	87,220	76,154
Residential collateralized mortgage obligations
Securities available-for-sale:
Total securities available-for-sale	23,097	26,467
Municipal bonds
Securities available-for-sale:
Total securities available-for-sale	5,747	5,826
Recurring
Securities available-for-sale:
Total securities available-for-sale	127,114	120,527
Total assets measured at fair value on a recurring basis	127,114	120,527
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	87,220	76,154
Recurring | Residential collateralized mortgage obligations
Securities available-for-sale:
Total securities available-for-sale	23,097	26,467
Recurring | SBA loan pool securities
Securities available-for-sale:
Total securities available-for-sale	11,050	12,080
Recurring | Municipal bonds
Securities available-for-sale:
Total securities available-for-sale	5,747	5,826
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	127,114	120,527
Total assets measured at fair value on a recurring basis	127,114	120,527
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	87,220	76,154
Recurring | Significant Other Observable Inputs (Level 2) | Residential collateralized mortgage obligations
Securities available-for-sale:
Total securities available-for-sale	23,097	26,467
Recurring | Significant Other Observable Inputs (Level 2) | SBA loan pool securities
Securities available-for-sale:
Total securities available-for-sale	11,050	12,080
Recurring | Significant Other Observable Inputs (Level 2) | Municipal bonds
Securities available-for-sale:
Total securities available-for-sale	5,747	5,826
Recurring | Significant Unobservable Inputs (Level 3)
Securities available-for-sale:
Total securities available-for-sale	0	0
Total assets measured at fair value on a recurring basis	0	0
Total liabilities measured at fair value on a recurring basis	0	0
Recurring | Significant Unobservable Inputs (Level 3) | Residential mortgage-backed securities
Securities available-for-sale:
Total securities available-for-sale	0	0
Recurring | Significant Unobservable Inputs (Level 3) | Residential collateralized mortgage obligations
Securities available-for-sale:
Total securities available-for-sale	0	0
Recurring | Significant Unobservable Inputs (Level 3) | SBA loan pool securities
Securities available-for-sale:
Total securities available-for-sale	0	0
Recurring | Significant Unobservable Inputs (Level 3) | Municipal bonds
Securities available-for-sale:
Total securities available-for-sale	$ 0	$ 0

Fair Value Measurements - Ass_2

Fair Value Measurements - Assets and Liabilities Measured at Fair Value on a Non-recurring Basis (Details) - Nonrecurring - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Impaired loans:
Total impaired loans	$ 0	$ 1,377
Total assets measured at fair value on a recurring basis	0	1,377
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	228	1,377
Total assets measured at fair value on a recurring basis	228	1,377
Total liabilities measured at fair value on a recurring basis	0	0
SBA property
Impaired loans:
Total impaired loans	0	218
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	$ 228	218
Commercial lines of credit
Impaired loans:
Total impaired loans		904
Commercial lines of credit | Quoted Prices in Active Markets for Identical Assets (Level 1)
Impaired loans:
Total impaired loans		0
Commercial lines of credit | Significant Other Observable Inputs (Level 2)
Impaired loans:
Total impaired loans		0
Commercial lines of credit | Significant Unobservable Inputs (Level 3)
Impaired loans:
Total impaired loans		904
SBA commercial term
Impaired loans:
Total impaired loans		255
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		$ 255

Fair Value Measurements - Level

Fair Value Measurements - Level 3 Measurement Inputs (Details) - Nonrecurring $ in Thousands	Mar. 31, 2021USD ($)	Dec. 31, 2020USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total impaired loans	$ 0	$ 1,377
Significant Unobservable Inputs (Level 3)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total impaired loans	228	1,377
SBA property
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total impaired loans	0	218
SBA property | Significant Unobservable Inputs (Level 3)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total impaired loans	$ 228	218
Commercial lines of credit
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total impaired loans		904
Commercial lines of credit | Significant Unobservable Inputs (Level 3)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total impaired loans		$ 904
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		0.05
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		0.09
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		0.076
SBA commercial term
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total impaired loans		$ 255
SBA commercial term | Significant Unobservable Inputs (Level 3)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total impaired loans		$ 255

Fair Value Measurements - Net L

Fair Value Measurements - Net Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net losses recognized	$ (74)	$ (697)
SBA property
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net losses recognized	17	(27)
Commercial lines of credit
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net losses recognized	(136)	(506)
SBA commercial term
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net losses recognized	(30)	(164)
Other real estate owned
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net losses recognized	$ 75	$ 0

Fair Value Measurements - Fair

Fair Value Measurements - Fair Values of Financial Assets and Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Financial assets:
Securities available-for-sale	$ 127,114	$ 120,527
Carrying Value
Financial assets:
Interest-bearing deposits in other financial institutions	195,016	174,493
Securities available-for-sale	127,114	120,527
Loans held-for-sale	3,569	1,979
Net loans held-for-investment	1,660,402	1,557,068
FHLB and other restricted stock	8,447	8,447
Accrued interest receivable	7,523	9,334
Financial liabilities:
Deposits	1,753,771	1,594,851
FHLB advances	40,000	80,000
Accrued interest payable	987	2,226
Fair Value
Financial assets:
Interest-bearing deposits in other financial institutions	195,016	174,493
Securities available-for-sale	127,114	120,527
Loans held-for-sale	3,989	2,112
Net loans held-for-investment	1,678,008	1,574,063
Accrued interest receivable	7,523	9,334
Financial liabilities:
Deposits	1,718,124	1,594,112
FHLB advances	40,232	80,321
Accrued interest payable	987	2,226
Fair Value | Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial assets:
Interest-bearing deposits in other financial institutions	195,016	174,493
Securities available-for-sale	0	0
Loans held-for-sale	0	0
Net loans held-for-investment	0	0
Accrued interest receivable	4	1
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	127,114	120,527
Loans held-for-sale	3,989	2,112
Net loans held-for-investment	0	0
Accrued interest receivable	281	322
Financial liabilities:
Deposits	0	0
FHLB advances	40,232	80,321
Accrued interest payable	3	2
Fair Value | Significant Unobservable Inputs (Level 3)
Financial assets:
Interest-bearing deposits in other financial institutions	0	0
Securities available-for-sale	0	0
Loans held-for-sale	0	0
Net loans held-for-investment	1,678,008	1,574,063
Accrued interest receivable	7,238	9,011
Financial liabilities:
Deposits	1,718,124	1,594,112
FHLB advances	0	0
Accrued interest payable	$ 984	$ 2,224

Investment Securities - Summary

Investment Securities - Summary of Debt and Equity Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Securities available-for-sale:
Amortized Cost	$ 126,104	$ 117,961
Gross Unrealized Gain	1,963	2,657
Gross Unrealized Loss	(953)	(91)
Securities available-for-sale, at fair value	127,114	120,527
Pledged securities for collateral	112,300	117,800
Residential mortgage-backed securities
Securities available-for-sale:
Amortized Cost	86,999	74,622
Gross Unrealized Gain	1,115	1,558
Gross Unrealized Loss	(894)	(26)
Securities available-for-sale, at fair value	87,220	76,154
Residential collateralized mortgage obligations
Securities available-for-sale:
Amortized Cost	22,825	26,216
Gross Unrealized Gain	303	294
Gross Unrealized Loss	(31)	(43)
Securities available-for-sale, at fair value	23,097	26,467
SBA loan pool securities
Securities available-for-sale:
Amortized Cost	10,920	11,753
Gross Unrealized Gain	158	349
Gross Unrealized Loss	(28)	(22)
Securities available-for-sale, at fair value	11,050	12,080
Municipal bonds
Securities available-for-sale:
Amortized Cost	5,360	5,370
Gross Unrealized Gain	387	456
Gross Unrealized Loss	0	0
Securities available-for-sale, at fair value	$ 5,747	$ 5,826

Investment Securities - Summa_2

Investment Securities - Summary of Contractual Maturities (Details) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Securities available-for-sale:
Amortized Cost, Within one year	$ 0
Amortized Cost, One to five years	2,183,000
Amortized Cost, Five to ten years	841,000
Amortized Cost, Greater than ten years	2,336,000
Amortized Cost, Mortgage-backed securities and collateralized mortgage obligations	120,744,000
Amortized Cost	126,104,000		$ 117,961,000
Fair Value, Within one year	0
Fair Value, One to five years	2,262,000
Fair Value, Five to ten years	868,000
Fair Value, Greater than ten years	2,617,000
Fair Value, Mortgage-backed securities and collateralized mortgage obligations	121,367,000
Fair Value	127,114,000		$ 120,527,000
Proceeds from sales and calls of securities available-for-sale	$ 0	$ 0

Investment Securities - Summa_3

Investment Securities - Summary of Individual Securities in Continuous Unrealized Loss Position (Details)	3 Months Ended
	Mar. 31, 2021USD ($)security	Mar. 31, 2020USD ($)	Dec. 31, 2020USD ($)security
Securities available-for-sale:
Less Than 12 Months, Fair Value	$ 47,423,000		$ 9,874,000
Less Than 12 Months, Gross Unrealized Losses	$ (908,000)		$ (34,000)
Less Than 12 Months, Number of Securities | security	25		9
12 months or Longer, Fair Value	$ 5,581,000		$ 6,996,000
12 months or Longer, Gross Unrealized Losses	$ (45,000)		$ (57,000)
12 months or Longer, Number of Securities | security	8		10
Total, Fair Value	$ 53,004,000		$ 16,870,000
Total, Gross Unrealized Losses	$ (953,000)		$ (91,000)
Total, Number of Securities | security	33		19
OTTI Assessment	$ 0	$ 0
Residential mortgage-backed securities
Securities available-for-sale:
Less Than 12 Months, Fair Value	45,263,000		$ 5,773,000
Less Than 12 Months, Gross Unrealized Losses	$ (894,000)		$ (26,000)
Less Than 12 Months, Number of Securities | security	22		4
12 months or Longer, Fair Value	$ 0		$ 0
12 months or Longer, Gross Unrealized Losses	$ 0		$ 0
12 months or Longer, Number of Securities | security	0		0
Total, Fair Value	$ 45,263,000		$ 5,773,000
Total, Gross Unrealized Losses	$ (894,000)		$ (26,000)
Total, Number of Securities | security	22		4
Residential collateralized mortgage obligations
Securities available-for-sale:
Less Than 12 Months, Fair Value	$ 988,000		$ 2,424,000
Less Than 12 Months, Gross Unrealized Losses	$ (7,000)		$ (4,000)
Less Than 12 Months, Number of Securities | security	2		3
12 months or Longer, Fair Value	$ 2,221,000		$ 5,127,000
12 months or Longer, Gross Unrealized Losses	$ (24,000)		$ (39,000)
12 months or Longer, Number of Securities | security	2		6
Total, Fair Value	$ 3,209,000		$ 7,551,000
Total, Gross Unrealized Losses	$ (31,000)		$ (43,000)
Total, Number of Securities | security	4		9
SBA loan pool securities
Securities available-for-sale:
Less Than 12 Months, Fair Value	$ 1,172,000		$ 1,677,000
Less Than 12 Months, Gross Unrealized Losses	$ (7,000)		$ (4,000)
Less Than 12 Months, Number of Securities | security	1		2
12 months or Longer, Fair Value	$ 3,360,000		$ 1,869,000
12 months or Longer, Gross Unrealized Losses	$ (21,000)		$ (18,000)
12 months or Longer, Number of Securities | security	6		4
Total, Fair Value	$ 4,532,000		$ 3,546,000
Total, Gross Unrealized Losses	$ (28,000)		$ (22,000)
Total, Number of Securities | security	7		6

Loans and Allowance for Loan _3

Loans and Allowance for Loan Losses - Loans Held-For-Investment (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	$ 1,685,916	$ 1,583,578
Allowance for loan losses	(25,514)	(26,510)	$ (16,674)	$ (14,380)
Net loans held-for-investment	1,660,402	1,557,068
Related party loans outstanding	791	3,900
Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	1,252,666	1,220,936
Allowance for loan losses	(18,693)	(18,894)	(11,948)	(9,854)
Real Estate | Commercial property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	922,536	880,736
Real Estate | Residential property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	190,990	198,431
Real Estate | SBA property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	125,989	126,570
Real Estate | Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	13,151	15,199
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	412,118	340,869
Allowance for loan losses	(6,468)	(7,222)	(4,549)	(4,354)
Commercial and Industrial | Commercial term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	80,361	87,250
Commercial and Industrial | Commercial lines of credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	91,970	96,087
Commercial and Industrial | SBA commercial term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	21,078	21,878
Commercial and Industrial | SBA PPP
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	218,709	135,654
Other consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	21,132	21,773
Allowance for loan losses	$ (353)	$ (394)	$ (177)	$ (172)

Loans and Allowance for Loan _4

Loans and Allowance for Loan Losses - SBA Loan Summary (Details) $ in Thousands	Mar. 31, 2021USD ($)loan	Dec. 31, 2020USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	$ 1,685,916	$ 1,583,578
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	$ 412,118	340,869
Commercial and Industrial | SBA PPP
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Loans | loan	2,249
Loans held-for-investment	$ 218,709	$ 135,654
$50,000 or less | Commercial and Industrial | SBA PPP
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Loans | loan	1,354
Loans held-for-investment	$ 26,998
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	755
Loans held-for-investment	$ 94,612
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	136
Loans held-for-investment	$ 86,755
$2,000,000 or more | Commercial and Industrial | SBA PPP
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Loans | loan	4
Loans held-for-investment	$ 10,344

Loans and Allowance for Loan _5

Loans and Allowance for Loan Losses - Loan Modification Due to COVID-19 (Details) - COVID-19 Loan Modification $ in Thousands	Mar. 31, 2021USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Aggregate carrying amount of loans modified due to COVID-19	$ 19,825
Payment Deferment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Aggregate carrying amount of loans modified due to COVID-19	349
Interest Only Payment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Aggregate carrying amount of loans modified due to COVID-19	19,476
Real Estate | Commercial property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Aggregate carrying amount of loans modified due to COVID-19	11,830
Real Estate | Commercial property | Payment Deferment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Aggregate carrying amount of loans modified due to COVID-19	0
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	11,830
Real Estate | Residential property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Aggregate carrying amount of loans modified due to COVID-19	349
Real Estate | Residential property | Payment Deferment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Aggregate carrying amount of loans modified due to COVID-19	349
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
Real Estate | SBA property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Aggregate carrying amount of loans modified due to COVID-19	1,627
Real Estate | SBA property | Payment Deferment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Aggregate carrying amount of loans modified due to COVID-19	0
Real Estate | SBA property | Interest Only Payment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Aggregate carrying amount of loans modified due to COVID-19	1,627
Commercial and Industrial | Commercial term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Aggregate carrying amount of loans modified due to COVID-19	5,506
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	0
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	5,506
Commercial and Industrial | SBA commercial term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Aggregate carrying amount of loans modified due to COVID-19	513
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
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	$ 513

Loans and Allowance for Loan _6

Loans and Allowance for Loan Losses - Allowance for Loan Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Dec. 31, 2020
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 26,510	$ 14,380
Charge-offs	(45)	(778)
Recoveries on loans previously charged off	196	176
Provision (reversal) for loan losses	(1,147)	2,896
Ending balance	25,514	16,674
Allowance for loan losses:
Individually evaluated for impairment			$ 3	$ 5
Collectively evaluated for impairment			25,511	26,505
Total	26,510	16,674	25,514	26,510
Loans receivable:
Individually evaluated for impairment			2,028	3,731
Collectively evaluated for impairment			1,683,888	1,579,847
Total			1,685,916	1,583,578
Real Estate
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	18,894	9,854
Charge-offs	(18)	(27)
Recoveries on loans previously charged off	30	56
Provision (reversal) for loan losses	(213)	2,065
Ending balance	18,693	11,948
Allowance for loan losses:
Individually evaluated for impairment			3	3
Collectively evaluated for impairment			18,690	18,891
Total	18,693	11,948	18,693	18,894
Loans receivable:
Individually evaluated for impairment			1,435	2,200
Collectively evaluated for impairment			1,251,231	1,218,736
Total			1,252,666	1,220,936
Commercial and Industrial
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	7,222	4,354
Charge-offs	(5)	(675)
Recoveries on loans previously charged off	149	91
Provision (reversal) for loan losses	(898)	779
Ending balance	6,468	4,549
Allowance for loan losses:
Individually evaluated for impairment			0	2
Collectively evaluated for impairment			6,468	7,220
Total	6,468	4,549	6,468	7,222
Loans receivable:
Individually evaluated for impairment			593	1,531
Collectively evaluated for impairment			411,525	339,338
Total			412,118	340,869
Other Consumer
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	394	172
Charge-offs	(22)	(76)
Recoveries on loans previously charged off	17	29
Provision (reversal) for loan losses	(36)	52
Ending balance	353	177
Allowance for loan losses:
Individually evaluated for impairment			0	0
Collectively evaluated for impairment			353	394
Total	$ 394	$ 177	353	394
Loans receivable:
Individually evaluated for impairment			0	0
Collectively evaluated for impairment			21,132	21,773
Total			$ 21,132	$ 21,773

Loans and Allowance for Loan _7

Loans and Allowance for Loan Losses - Credit Quality Indicators (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	$ 1,685,916	$ 1,583,578
COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	19,825	36,117
Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	1,660,829	1,556,987
Pass | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	2,237	19,293
Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	17,997	16,461
Special Mention | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	16,423	14,881
Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	7,090	10,130
Substandard | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	1,165	1,943
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	0
Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	1,252,666	1,220,936
Real Estate | Commercial property
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	922,536	880,736
Real Estate | Commercial property | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	11,830	24,132
Real Estate | Commercial property | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	907,989	866,508
Real Estate | Commercial property | Pass | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	13,158
Real Estate | Commercial property | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	11,829	10,268
Real Estate | Commercial property | Special Mention | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	11,830	10,268
Real Estate | Commercial property | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	2,718	3,960
Real Estate | Commercial property | Substandard | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	706
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	0
Real Estate | Residential property
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	190,990	198,431
Real Estate | Residential property | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	349	425
Real Estate | Residential property | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	190,990	198,242
Real Estate | Residential property | Pass | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	349	425
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	0
Real Estate | Residential property | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	189
Real Estate | Residential property | Substandard | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Real Estate | Residential property | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Real Estate | Residential property | Doubtful | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Real Estate | SBA property
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	125,989	126,570
Real Estate | SBA property | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	1,627	4,192
Real Estate | SBA property | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	123,229	123,147
Real Estate | SBA property | Pass | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	1,375	3,941
Real Estate | SBA property | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	252	251
Real Estate | SBA property | Special Mention | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	252	251
Real Estate | SBA property | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	2,508	3,172
Real Estate | SBA property | Substandard | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Real Estate | SBA property | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Real Estate | SBA property | Doubtful | COVID-19 Loan Modification
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	13,151	15,199
Real Estate | Construction | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	13,151	15,199
Real Estate | Construction | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
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	412,118	340,869
Commercial and Industrial | Commercial term
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	80,361	87,250
Commercial and Industrial | Commercial term | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	5,506	5,527
Commercial and Industrial | Commercial term | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	74,854	81,724
Commercial and Industrial | Commercial term | Pass | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Commercial and Industrial | Commercial term | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	4,342	4,362
Commercial and Industrial | Commercial term | Special Mention | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	4,341	4,362
Commercial and Industrial | Commercial term | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	1,165	1,164
Commercial and Industrial | Commercial term | Substandard | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	1,165	1,165
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	0
Commercial and Industrial | Commercial lines of credit
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	91,970	96,087
Commercial and Industrial | Commercial lines of credit | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	90,671	93,883
Commercial and Industrial | Commercial lines of credit | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	1,299	1,299
Commercial and Industrial | Commercial lines of credit | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	905
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	21,078	21,878
Commercial and Industrial | SBA commercial term | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	513	1,841
Commercial and Industrial | SBA commercial term | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	20,156	20,923
Commercial and Industrial | SBA commercial term | Pass | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	513	1,769
Commercial and Industrial | SBA commercial term | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	275	281
Commercial and Industrial | SBA commercial term | Special Mention | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Commercial and Industrial | SBA commercial term | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	647	674
Commercial and Industrial | SBA commercial term | Substandard | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	72
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	0
Commercial and Industrial | SBA PPP
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	218,709	135,654
Commercial and Industrial | SBA PPP | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	218,709
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	21,132	21,773
Other consumer loans | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	21,080	21,707
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	52	66
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 ($)	Mar. 31, 2021	Dec. 31, 2020
Financing Receivable, Past Due [Line Items]
Nonaccrual	$ 1,461,000	$ 3,163,000
Total Past Due and Nonaccrual	1,569,000	3,501,000
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	56,000	302,000
60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Still Accruing	52,000	36,000
90 or More Days Past Due
Financing Receivable, Past Due [Line Items]
Still Accruing	0	0
Real Estate | Commercial property
Financing Receivable, Past Due [Line Items]
Nonaccrual		524,000
Total Past Due and Nonaccrual		524,000
Real Estate | Commercial property | 30 to 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Still Accruing		0
Real Estate | Commercial property | 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Still Accruing		0
Real Estate | Commercial property | 90 or More Days Past Due
Financing Receivable, Past Due [Line Items]
Still Accruing		0
Real Estate | Residential property
Financing Receivable, Past Due [Line Items]
Nonaccrual		189,000
Total Past Due and Nonaccrual		371,000
Real Estate | Residential property | 30 to 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Still Accruing		182,000
Real Estate | Residential property | 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Still Accruing		0
Real Estate | Residential property | 90 or More Days Past Due
Financing Receivable, Past Due [Line Items]
Still Accruing		0
Real Estate | SBA property
Financing Receivable, Past Due [Line Items]
Nonaccrual	841,000	885,000
Total Past Due and Nonaccrual	841,000	885,000
Real Estate | SBA property | 30 to 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Still Accruing	0	0
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		904,000
Total Past Due and Nonaccrual		904,000
Commercial and Industrial | Commercial lines of credit | 30 to 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Still Accruing		0
Commercial and Industrial | Commercial lines of credit | 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Still Accruing		0
Commercial and Industrial | Commercial lines of credit | 90 or More Days Past Due
Financing Receivable, Past Due [Line Items]
Still Accruing		0
Commercial and Industrial | SBA commercial term
Financing Receivable, Past Due [Line Items]
Nonaccrual	568,000	595,000
Total Past Due and Nonaccrual	568,000	595,000
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	0
Commercial and Industrial | SBA commercial term | 90 or More Days Past Due
Financing Receivable, Past Due [Line Items]
Still Accruing	0	0
Other consumer loans
Financing Receivable, Past Due [Line Items]
Nonaccrual	52,000	66,000
Total Past Due and Nonaccrual	160,000	222,000
Other consumer loans | 30 to 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Still Accruing	56,000	120,000
Other consumer loans | 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Still Accruing	52,000	36,000
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
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Financing Receivable, Impaired [Line Items]
Impaired financing receivable, with no allowance recorded, recorded investment	$ 1,981		$ 3,668
Impaired financing receivable, with no allowance recorded, unpaid principal balance	2,066		3,797
Impaired financing receivable, with an allowance recorded, recorded investment	47		63
Impaired financing receivable, with an allowance recorded, unpaid principal balance	45		63
Impaired financing receivable, with an allowance recorded, related allowance	3		5
Average Recorded Investment	1,978	$ 5,105
Interest Income	13	11
Interest Foregone on Impaired Loans [Abstract]
Interest income that would have been recognized had impaired loans performed in accordance with their original terms	28	79
Less: interest income recognized on impaired loans on a cash basis	(13)	(11)
Interest income foregone on impaired loans	15	68
Real Estate | Commercial property
Financing Receivable, Impaired [Line Items]
Impaired financing receivable, with no allowance recorded, recorded investment	331		856
Impaired financing receivable, with no allowance recorded, unpaid principal balance	330		855
Impaired financing receivable, with an allowance recorded, recorded investment	0		0
Impaired financing receivable, with an allowance recorded, unpaid principal balance	0		0
Impaired financing receivable, with an allowance recorded, related allowance	0		0
Average Recorded Investment	332	339
Interest Income	6	5
Real Estate | Residential property
Financing Receivable, Impaired [Line Items]
Impaired financing receivable, with no allowance recorded, recorded investment			189
Impaired financing receivable, with no allowance recorded, unpaid principal balance			189
Impaired financing receivable, with an allowance recorded, recorded investment			0
Impaired financing receivable, with an allowance recorded, unpaid principal balance			0
Impaired financing receivable, with an allowance recorded, related allowance			0
Real Estate | SBA property
Financing Receivable, Impaired [Line Items]
Impaired financing receivable, with no allowance recorded, recorded investment	1,057		1,108
Impaired financing receivable, with no allowance recorded, unpaid principal balance	1,109		1,198
Impaired financing receivable, with an allowance recorded, recorded investment	47		47
Impaired financing receivable, with an allowance recorded, unpaid principal balance	45		45
Impaired financing receivable, with an allowance recorded, related allowance	3		3
Average Recorded Investment	1,342	1,765
Interest Income	7	5
Commercial and Industrial | Commercial term
Financing Receivable, Impaired [Line Items]
Impaired financing receivable, with no allowance recorded, recorded investment	14		18
Impaired financing receivable, with no allowance recorded, unpaid principal balance	14		18
Impaired financing receivable, with an allowance recorded, recorded investment	0		0
Impaired financing receivable, with an allowance recorded, unpaid principal balance	0		0
Impaired financing receivable, with an allowance recorded, related allowance	0		0
Average Recorded Investment	16	27
Interest Income	0	0
Commercial and Industrial | Commercial lines of credit
Financing Receivable, Impaired [Line Items]
Impaired financing receivable, with no allowance recorded, recorded investment			905
Impaired financing receivable, with no allowance recorded, unpaid principal balance			905
Impaired financing receivable, with an allowance recorded, recorded investment			0
Impaired financing receivable, with an allowance recorded, unpaid principal balance			0
Impaired financing receivable, with an allowance recorded, related allowance			0
Average Recorded Investment	0	2,433
Interest Income	0	0
Commercial and Industrial | SBA commercial term
Financing Receivable, Impaired [Line Items]
Impaired financing receivable, with no allowance recorded, recorded investment	579		592
Impaired financing receivable, with no allowance recorded, unpaid principal balance	613		632
Impaired financing receivable, with an allowance recorded, recorded investment	0		16
Impaired financing receivable, with an allowance recorded, unpaid principal balance	0		18
Impaired financing receivable, with an allowance recorded, related allowance	0		$ 2
Average Recorded Investment	288	541
Interest Income	$ 0	$ 1

Loans and Allowance for Loan_10

Loans and Allowance for Loan Losses - Troubled Debt Restructurings (Details)	3 Months Ended
	Mar. 31, 2021USD ($)loan	Mar. 31, 2020USD ($)loan	Dec. 31, 2020USD ($)
Loans Modified as TDRs as of Period End [Abstract]
Accruing	$ 620,000		$ 634,000
Nonaccrual	33,000		5,000
Total	653,000		639,000
Loans Modified as TDRs During the Period [Abstract]
Number of commitments to lend to customers with outstanding loans that were classified as TDRs	0		0
Allowance for loan losses	$ 0		0
Number of Loans | loan	0	1
Recorded Investment at Date of Default	$ 0	$ 26,000
Real Estate | Commercial property
Loans Modified as TDRs as of Period End [Abstract]
Accruing	331,000		333,000
Nonaccrual	0		0
Total	331,000		333,000
Real Estate | SBA property
Loans Modified as TDRs as of Period End [Abstract]
Accruing	264,000		270,000
Nonaccrual	33,000		5,000
Total	$ 297,000		275,000
Commercial and Industrial
Loans Modified as TDRs During the Period [Abstract]
Number of Loans | loan	0	2
Pre-Modification Outstanding Recorded Investment	$ 0	$ 37,000
Post-Modification Outstanding Recorded Investment	0	$ 37,000
Commercial and Industrial | Commercial term
Loans Modified as TDRs as of Period End [Abstract]
Accruing	14,000		18,000
Nonaccrual	0		0
Total	14,000		18,000
Commercial and Industrial | SBA commercial term
Loans Modified as TDRs as of Period End [Abstract]
Accruing	11,000		13,000
Nonaccrual	0		0
Total	$ 11,000		$ 13,000
Loans Modified as TDRs During the Period [Abstract]
Number of Loans | loan	0	2
Pre-Modification Outstanding Recorded Investment	$ 0	$ 37,000
Post-Modification Outstanding Recorded Investment	$ 0	$ 37,000
Number of Loans | loan	0	1
Recorded Investment at Date of Default	$ 0	$ 26,000

Loans and Allowance for Loan_11

Loans and Allowance for Loan Losses - Loans Held-For-Sale (Details) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Transfer of loans to held-for-sale	$ 0	$ 1,355,000
Transfer of loans to held-for-investment	0	0
Loans held-for-sale	3,569,000		$ 1,979,000
Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Proceeds from sale of loans held-for-investment	0	0
Real Estate | Residential property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Transfer of loans to held-for-sale	0	1,125,000
Purchase of loans held-for-investment	0
Loans held-for-sale	0		300,000
Real Estate | SBA property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-sale	3,569,000		1,411,000
Commercial and Industrial | SBA commercial term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Transfer of loans to held-for-sale	0	$ 230,000
Loans held-for-sale	$ 0		$ 268,000

Servicing Assets - Narrative (D

Servicing Assets - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Transfers and Servicing [Abstract]
Total servicing assets	$ 6,253		$ 6,400
Loans sold with servicing rights retained	10,900	$ 11,500
Net gain on sale	1,200	699
Loan servicing income	$ 882	$ 554

Servicing Assets - Summary of K

Servicing Assets - Summary of Key Assumptions in Fair Value Calculations (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2019
Servicing Assets at Fair Value [Line Items]
Carrying amount	$ 6,253	$ 6,400
Residential Property
Servicing Assets at Fair Value [Line Items]
Carrying amount	105	109	$ 153	$ 171
Fair value	$ 152	$ 133
Discount rate	6.33%	11.25%
Prepayment speed	25.10%	27.20%
Weighted average remaining life	22 years 9 months 18 days	23 years 1 month 6 days
Underlying loans being serviced	$ 21,356	$ 22,299
SBA Property
Servicing Assets at Fair Value [Line Items]
Carrying amount	5,519	5,642	5,448	5,805
Fair value	$ 10,836	$ 8,498
Discount rate	8.75%	13.25%
Prepayment speed	7.98%	9.99%
Weighted average remaining life	21 years 1 month 6 days	21 years 1 month 6 days
Underlying loans being serviced	$ 397,415	$ 400,982
SBA Commercial Term
Servicing Assets at Fair Value [Line Items]
Carrying amount	629	649	$ 757	$ 822
Fair value	$ 946	$ 888
Discount rate	9.64%	12.75%
Prepayment speed	10.46%	11.01%
Weighted average remaining life	6 years 9 months 18 days	6 years 7 months 6 days
Underlying loans being serviced	$ 74,210	$ 75,514

Servicing Assets - Summary of C

Servicing Assets - Summary of Changes in Servicing Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance at beginning of period	$ 6,400
Amortization	(391)	$ (604)
Balance at end of period	6,253
Residential Property
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance at beginning of period	109	171
Additions	0	0
Amortization	(4)	(18)
Balance at end of period	105	153
SBA Property
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance at beginning of period	5,642	5,805
Additions	207	122
Amortization	(330)	(479)
Balance at end of period	5,519	5,448
SBA Commercial Term
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance at beginning of period	649	822
Additions	37	42
Amortization	(57)	(107)
Balance at end of period	$ 629	$ 757

Other Real Estate Owned - Activ

Other Real Estate Owned - Activity (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Other Real Estate Owned [Roll Forward]
Balance at beginning of period	$ 1,401	$ 0
Additions	1,960	376
Sales	(1,025)	0
Net change in valuation allowance	0	0
Balance at end of period	$ 2,336	$ 376

Other Real Estate Owned - Valua

Other Real Estate Owned - Valuation Allowance (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Real Estate Owned Valuation Allowance [Roll Forward]
Balance at beginning of period	$ 0	$ 0
Additions	0	0
Net direct write-downs and removal from sale	0	0
Balance at end of period	$ 0	$ 0

Other Real Estate Owned - Expen

Other Real Estate Owned - Expenses (Details) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Real Estate Owned, Disclosure of Detailed Components [Abstract]
Net gain (loss) on sales	$ 75,000	$ 0
Operating expenses, net of rental income	(63,000)	0
Total	12,000	$ 0
Loan provided to purchase its OREO	$ 0

Operating Leases - Cost and Sup

Operating Leases - Cost and Supplemental Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Leases [Abstract]
Operating lease cost	$ 651	$ 691
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	699	733
Right of use assets obtained in exchange for lease obligations	105	$ 38
Operating leases:
Operating lease assets	7,145		$ 7,616
Operating lease liabilities	$ 7,935		$ 8,455
Weighted-average remaining lease term	4 years 1 month 6 days		4 years 3 months 18 days
Weighted-average discount rate	2.57%		2.60%

Operating Leases - Maturities o

Operating Leases - Maturities of Operating Lease Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Maturities:
2021	$ 1,872
2022	2,385
2023	2,002
2024	726
2025	687
After 2025	818
Total lease payment	8,490
Imputed Interest	(555)
Present value of operating lease liabilities	$ 7,935	$ 8,455

Federal Home Loan Bank Advanc_2

Federal Home Loan Bank Advances and Other Borrowings (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Borrowings from the FHLB	$ 40,000,000	$ 80,000,000
Weighted average interest rate	0.76%	0.67%
Loans pledged to secure borrowings	$ 816,500,000	$ 834,400,000
Additional borrowing capacity	440,700,000	425,300,000
FHLB of San Francisco
Debt Instrument [Line Items]
Investment in capital stock of the FHLB	8,300,000	$ 8,300,000
FHLB Advances
Debt Instrument [Line Items]
Unused borrowing capacity	34,400,000
Loans pledged as collateral	42,100,000
Borrowings outstanding	0
Overnight federal funds lines, maximum borrowing capacity	$ 65,000,000
FHLB Advances | Minimum
Debt Instrument [Line Items]
Maturity term	1 year	1 year
FHLB Advances | Maximum
Debt Instrument [Line Items]
Maturity term	5 years	5 years

Shareholders_ Equity - Narrativ

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

Share-Based Compensation - Narr

Share-Based Compensation - Narrative (Details) - shares	3 Months Ended
	Mar. 31, 2021	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)	499,670
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award contractual term	10 years
Stock options | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	3 years
Stock options | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	5 years
Restricted stock awards | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	3 years
Restricted stock awards | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	5 years

Share-Based Compensation - Shar

Share-Based Compensation - Share-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 90	$ 194
Related tax benefits	20	8
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	28	157
Restricted stock awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 62	$ 37

Share-Based Compensation - Unre

Share-Based Compensation - Unrecognized Share-based Compensation Expense (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2021USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options	$ 350
Restricted stock awards	646
Total unrecognized share-based compensation expense	$ 996
Weighted-Average Remaining Expected Recognition Period	2 years 7 months 6 days
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-Average Remaining Expected Recognition Period	2 years 1 month 6 days
Restricted stock awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-Average Remaining Expected Recognition Period	2 years 9 months 18 days

Share-Based Compensation - Opti

Share-Based Compensation - Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding at beginning of period (in shares)	718,935
Granted (in shares)	20,000
Exercised (in shares)	(49,580)
Forfeited (in shares)	(10,000)
Outstanding at end of year (in shares)	679,355	718,935
Exercisable (in shares)	565,256
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)	$ 10.87
Weighted-Average Exercise Price Per Share, Granted (in dollars per share)	12.51
Weighted-Average Exercise Price Per Share, Exercised (in dollars per share)	9.43
Weighted Average Exercise Price Per Share, Forfeited (in dollars per share)	17.47
Weighted-Average Exercise Price Per Share, Outstanding at ending of period (in dollars per share)	10.92	$ 10.87
Weighted-Average Exercise Price Per Share, Exercisable (in dollars per share)	$ 10.08
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Weighted-Average Contractual Term,	5 years	5 years 1 month 6 days
Weighted-Average Contractual Term, Granted	10 years
Weighted-Average Contractual Term, Exercised	3 years 10 months 24 days
Weighted-Average Contractual Term, Forfeited	8 years
Weighted-Average Contractual Term, Exercisable	4 years 4 months 24 days
Aggregate Intrinsic Value, Balance	$ 2,770	$ 0
Aggregate Intrinsic Value, Exercisable	$ 2,781

Share-Based Compensation - Nonv

Share-Based Compensation - Nonvested Options (Details)	3 Months Ended
	Mar. 31, 2021$ / sharesshares
Number of Shares
Granted (in shares) | shares	20,000
Weighted-Average Exercise Price Per Share
Weighted-Average Exercise Price Per Share, Granted (in dollars per share) | $ / shares	$ 12.51
Non-Vested Stock Options
Number of Shares
Outstanding at beginning of period (in shares) | shares	121,199
Granted (in shares) | shares	20,000
Vested (in shares) | shares	(17,100)
Forfeited (in shares) | shares	(10,000)
Outstanding at end of period (in shares) | shares	114,099
Weighted-Average Exercise Price Per Share
Weighted-Average Exercise Price Per Share, Outstanding (in dollars per share) | $ / shares	$ 15.68
Weighted-Average Exercise Price Per Share, Granted (in dollars per share) | $ / shares	12.51
Weighted-Average Exercise Price Per Share, Vested (in dollars per share) | $ / shares	14.79
Weighted -Average Exercise Price Per Share, Forfeited(in dollars per share) | $ / shares	17.47
Weighted-Average Exercise Price Per Share, Outstanding (in dollars per share) | $ / shares	$ 15.10

Share-Based Compensation - Rest

Share-Based Compensation - Restricted Stock Awards (Details) - Restricted stock awards	3 Months Ended
	Mar. 31, 2021$ / sharesshares
Number of Shares
Outstanding at beginning of period (in shares) | shares	30,300
Granted (in shares) | shares	33,784
Vested (in shares) | shares	(200)
Forfeited (in shares) | shares	(1,000)
Outstanding at end of period (in shares) | shares	62,884
Weighted-Average Exercise Price Per Share
Weighted-Average Exercise Price Per Share, Outstanding (in dollars per share) | $ / shares	$ 16.27
Weighted-Average Exercise Price Per Share, Granted (in dollars per share) | $ / shares	10.36
Weighted-Average Exercise Price Per Share, Vested (in dollars per share) | $ / shares	13.93
Weighted-Average Exercise Price Per Share, Forfeited (in dollars per share) | $ / shares	15.53
Weighted-Average Exercise Price Per Share, Outstanding (in dollars per share) | $ / shares	$ 13.13

Income Taxes (Details)

Income Taxes (Details) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Income tax expense	$ 3,594,000	$ 1,557,000
Effective tax rate	29.60%	30.40%
Unrecognized tax benefits	$ 0		$ 0

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Basic earnings per share:
Net income	$ 8,560	$ 3,572
Less: income allocated to unvested restricted stock	(33)	(9)
Net income allocated to common stock	$ 8,527	$ 3,563
Weighted-average total common shares outstanding (in shares)	15,443,120	15,543,473
Weighted average unvested restricted stock (in shares)	(58,777)	(37,774)
Weighted-average common shares outstanding (in shares)	15,384,343	15,505,699
Basic earnings per share (in dollars per share)	$ 0.55	$ 0.23
Diluted earnings per share:
Net income allocated to common stock	$ 8,527	$ 3,563
Weighted-average common shares outstanding (in shares)	15,384,343	15,505,699
Diluted effect of stock options (in shares)	149,265	194,445
Diluted weighted-average common shares outstanding (in shares)	15,533,608	15,700,144
Diluted earnings per share (in shares)	$ 0.55	$ 0.23
Antidilutive securities earnings per share, amount	173,000	163,000

Commitments and Contingencies_2

Commitments and Contingencies (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Fixed Rate
Other Commitments [Line Items]
Outstanding financial commitments whose contractual amount represents credit risk	$ 7,936	$ 11,346
Variable Rate
Other Commitments [Line Items]
Outstanding financial commitments whose contractual amount represents credit risk	203,813	186,935
SEC Schedule, 12-09, Reserve, Off-balance Sheet Activity
Other Commitments [Line Items]
Reserve for off-balance sheet items	235	238
Unused lines of credit | Fixed Rate
Other Commitments [Line Items]
Outstanding financial commitments whose contractual amount represents credit risk	3,280	6,623
Unused lines of credit | Variable Rate
Other Commitments [Line Items]
Outstanding financial commitments whose contractual amount represents credit risk	$ 165,101	150,247
Unfunded loan commitments
Other Commitments [Line Items]
Maturity term	90 days
Unfunded loan commitments | SBA Loans
Other Commitments [Line Items]
Maturity term	180 days
Unfunded loan commitments | Fixed Rate
Other Commitments [Line Items]
Outstanding financial commitments whose contractual amount represents credit risk	$ 1,466	1,752
Unfunded loan commitments | Variable Rate
Other Commitments [Line Items]
Outstanding financial commitments whose contractual amount represents credit risk	36,898	34,874
Standby letters of credit | Fixed Rate
Other Commitments [Line Items]
Outstanding financial commitments whose contractual amount represents credit risk	2,971	2,971
Standby letters of credit | Variable Rate
Other Commitments [Line Items]
Outstanding financial commitments whose contractual amount represents credit risk	1,814	1,814
Commercial letters of credit | Fixed Rate
Other Commitments [Line Items]
Outstanding financial commitments whose contractual amount represents credit risk	219	0
Commercial letters of credit | Variable Rate
Other Commitments [Line Items]
Outstanding financial commitments whose contractual amount represents credit risk	$ 0	$ 0

Regulatory Matters (Details)

Regulatory Matters (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
PCB Bancorp
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Capital conservation buffer	9.17%	9.22%
Actual
Common tier 1 capital (to risk-weighted assets), amount	$ 238,776	$ 231,183
Common tier 1 capital (to risk-weighted assets), ratio	0.1592	0.1597
Total capital (to risk-weighted assets), amount	$ 257,612	$ 249,391
Total capital (to risk-weighted assets), ratio	0.1717	0.1722
Tier 1 capital (to risk-weighted assets), amount	$ 238,776	$ 231,183
Tier 1 capital (to risk-weighted assets), ratio	0.1592	0.1597
Tier 1 capital (to average assets), amount	$ 238,776	$ 231,183
Tier 1 capital (to average assets), ratio	0.1203	0.1194
Minimum Capital Requirement
Common tier 1 capital (to risk-weighted assets), amount	$ 67,500	$ 65,162
Common tier 1 capital (to risk-weighted assets), ratio	4.50%	4.50%
Total capital (to risk-weighted assets), amount	$ 120,000	$ 115,843
Total capital (to risk-weighted assets), ratio	0.080	0.080
Tier 1 capital (to risk-weighted assets), amount	$ 90,000	$ 86,882
Tier 1 capital (to risk-weighted assets), ratio	0.060	0.060
Tier 1 capital (to average assets), amount	$ 79,371	$ 77,452
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	8.88%	8.95%
Actual
Common tier 1 capital (to risk-weighted assets), amount	$ 234,302	$ 227,268
Common tier 1 capital (to risk-weighted assets), ratio	0.1562	0.1570
Total capital (to risk-weighted assets), amount	$ 253,137	$ 245,474
Total capital (to risk-weighted assets), ratio	0.1688	0.1695
Tier 1 capital (to risk-weighted assets), amount	$ 234,302	$ 227,268
Tier 1 capital (to risk-weighted assets), ratio	0.1562	0.1570
Tier 1 capital (to average assets), amount	$ 234,302	$ 227,268
Tier 1 capital (to average assets), ratio	0.1181	0.1174
Minimum Capital Requirement
Common tier 1 capital (to risk-weighted assets), amount	$ 67,497	$ 65,160
Common tier 1 capital (to risk-weighted assets), ratio	4.50%	4.50%
Total capital (to risk-weighted assets), amount	$ 119,995	$ 115,840
Total capital (to risk-weighted assets), ratio	0.080	0.080
Tier 1 capital (to risk-weighted assets), amount	$ 89,996	$ 86,880
Tier 1 capital (to risk-weighted assets), ratio	0.060	0.060
Tier 1 capital (to average assets), amount	$ 79,370	$ 77,450
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	$ 97,496	$ 94,120
Common tier 1 capital (to risk-weighted assets), ratio	6.50%	6.50%
Total capital (to risk-weighted assets), amount	$ 149,994	$ 144,800
Total capital (to risk-weighted assets), ratio	0.100	0.100
Tier 1 capital (to risk-weighted assets), amount	$ 119,995	$ 115,840
Tier 1 capital (to risk-weighted assets), ratio	0.080	0.080
Tier 1 capital (to average assets), amount	$ 99,212	$ 96,813
Tier 1 capital (to average assets), ratio	0.050	0.050

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Disaggregation of Revenue [Line Items]
Total	$ 614	$ 639
Monthly service fees
Disaggregation of Revenue [Line Items]
Total	20	28
Account analysis fees
Disaggregation of Revenue [Line Items]
Total	210	235
Non-sufficient funds charges
Disaggregation of Revenue [Line Items]
Total	49	100
Other deposit related fees
Disaggregation of Revenue [Line Items]
Total	14	27
Total service charges and fees on deposits
Disaggregation of Revenue [Line Items]
Total	293	390
Debit card fees
Disaggregation of Revenue [Line Items]
Total	59	69
Gain on sale of other real estate owned
Disaggregation of Revenue [Line Items]
Total	75	0
Wire transfer fees
Disaggregation of Revenue [Line Items]
Total	135	128
Other service charges
Disaggregation of Revenue [Line Items]
Total	$ 52	$ 52

Subsequent Events (Details)

Subsequent Events (Details) - $ / shares shares in Thousands	Apr. 22, 2021	Mar. 31, 2021	Mar. 31, 2020	Apr. 08, 2021
Subsequent Event [Line Items]
Cash dividends declared on common stock (in dollars per share)		$ 0.10	$ 0.10
Subsequent Event
Subsequent Event [Line Items]
Number of shares authorized to be repurchased				775
Cash dividends declared on common stock (in dollars per share)	$ 0.10
Subsequent Event | Maximum
Subsequent Event [Line Items]
Number of shares authorized to be repurchased as a percent of common stock outstanding				5.00%