PCB Bancorp (PCB) 10-K 4 Mar 22 2021 FY Annual report Financial data

Cover

Cover - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Feb. 25, 2022	Jun. 30, 2021
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2021
Current Fiscal Year End Date	--12-31
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 Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
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
ICFR Auditor Attestation Flag	false
Entity Shell Company	false
Entity Public Float			$ 184.8
Entity Common Stock, Shares Outstanding		14,913,660
Documents Incorporated by Reference	Documents Incorporated by Reference: The information required in Part III, Items 10 through 14 are incorporated herein by reference to the registrant’s definitive proxy statement for the 2022 annual meeting of shareholders which will be filed with the Securities and Exchange Commission within 120 days of the registrant’s fiscal year end.
Amendment Flag	false
Entity Central Index Key	0001423869
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2021
Audit Information [Abstract]
Auditor Firm ID	173
Auditor Name	Crowe LLP
Auditor Location	Los Angeles, California

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Assets
Cash and due from banks	$ 15,222	$ 19,605
Interest-bearing deposits in other financial institutions	188,063	174,493
Total cash and cash equivalents	203,285	194,098
Securities available-for-sale, at fair value	123,198	120,527
Loans held-for-sale	37,026	1,979
Loans held-for-investment, net of deferred loan costs (fees)	1,732,205	1,583,578
Allowance for loan losses	(22,381)	(26,510)
Net loans held-for-investment	1,709,824	1,557,068
Premises and equipment, net	3,098	4,048
Federal Home Loan Bank and other restricted stock, at cost	8,577	8,447
Other real estate owned, net	0	1,401
Bank-owned life insurance	29,358	0
Deferred tax assets, net	10,824	8,120
Servicing assets	7,269	6,400
Operating lease assets	6,786	7,616
Accrued interest receivable	5,368	9,334
Other assets	5,122	3,815
Total assets	2,149,735	1,922,853
Deposits:
Noninterest-bearing demand	830,383	538,009
Savings, NOW and money market accounts	422,526	408,826
Time deposits of $250,000 or less	341,956	379,333
Time deposits of more than $250,000	272,269	268,683
Total deposits	1,867,134	1,594,851
Federal Home Loan Bank advances	10,000	80,000
Operating lease liabilities	7,444	8,455
Accrued interest payable and other liabilities	8,871	5,759
Total liabilities	1,893,449	1,689,065
Commitments and contingent liabilities
Preferred stock, 10,000,000 shares authorized, no par value, no issued and outstanding shares	0	0
Common stock, 60,000,000 shares authorized, no par value; issued and outstanding 14,865,825 and 15,385,878 shares, respectively, and included 55,284 and 30,300 shares of unvested restricted stock, respectively, at December 31, 2021 and 2020	154,992	164,140
Retained earnings	101,140	67,692
Accumulated other comprehensive income, net	154	1,956
Total shareholders’ equity	256,286	233,788
Total liabilities and shareholders’ equity	$ 2,149,735	$ 1,922,853

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - shares	Dec. 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)	14,865,825	15,385,878
Common stock, outstanding (in shares)	14,865,825	15,385,878
Unvested restricted stock (in shares)	107,099	121,199
Restricted Stock Units (RSUs)
Unvested restricted stock (in shares)	55,284	30,300

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Interest and dividend income:
Loans, including fees	$ 79,155	$ 76,546	$ 85,667
Tax-exempt investment securities	146	150	154
Taxable investment securities	1,467	1,977	3,802
Other interest-earning assets	704	1,088	3,322
Total interest income	81,472	79,761	92,945
Interest expense:
Deposits	4,043	12,958	23,439
Other borrowings	292	614	472
Total interest expense	4,335	13,572	23,911
Net interest income	77,137	66,189	69,034
Provision (reversal) for loan losses	(4,596)	13,219	4,237
Net interest income after provision (reversal) for loan losses	81,733	52,970	64,797
Noninterest income:
Service charges and fees on deposits	2,369	2,231	2,551
Loan servicing income	2,770	2,710	2,309
Bank-owned life insurance income	108	0	0
Gain on sale of loans	12,932	6,527	5,996
Gain on sale of securities available-for-sale	0	0	786
Other income	1,429	1,247	1,234
Total noninterest income	18,434	11,740	11,869
Noninterest expense:
Salaries and employee benefits	27,974	26,147	26,139
Occupancy and equipment	5,575	5,620	5,545
Professional fees	2,159	2,256	2,730
Marketing and business promotion	1,656	1,360	1,550
Data processing	1,572	1,472	1,365
Director fees and expenses	594	599	751
Regulatory assessments	537	978	551
Other expenses	3,141	3,267	3,684
Total noninterest expense	43,208	41,699	42,315
Income before income taxes	56,959	23,011	34,351
Income tax expense	16,856	6,836	10,243
Net income	$ 40,103	$ 16,175	$ 24,108
Earnings per common share, basic (in dollars per share)	$ 2.66	$ 1.05	$ 1.52
Earnings per common share, diluted (in dollars per share)	$ 2.62	$ 1.04	$ 1.49
Weighted-average common shares outstanding, basic (in shares)	15,017,637	15,384,231	15,873,383
Weighted-average common shares outstanding, diluted (in shares)	15,253,820	15,448,892	16,172,282
Service charges and fees on deposits
Noninterest income:
Service charges and fees on deposits	$ 1,195	$ 1,256	$ 1,544

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 40,103	$ 16,175	$ 24,108
Other comprehensive income (loss):
Unrealized gain (loss) on securities available-for-sale arising during the year	(2,553)	2,064	3,038
Reclassification adjustment for net gain included in net income	0	0	(786)
Unrealized gain arising from the reclassification of securities held-to-maturity to securities available-for-sale	0	787	0
Income tax benefit (expense) related to items of other comprehensive income (loss)	751	(838)	(662)
Total other comprehensive income (loss), net of tax	(1,802)	2,013	1,590
Total comprehensive income	$ 38,301	$ 18,188	$ 25,698

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Cumulative Effect, Period of Adoption, Adjusted Balance	Common stock	Common stockCumulative Effect, Period of Adoption, Adjusted Balance	Retained Earnings	Retained EarningsCumulative Effect, Period of Adoption, Adjustment	Retained EarningsCumulative Effect, Period of Adoption, Adjusted Balance	Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss)Cumulative Effect, Period of Adoption, Adjusted Balance
Beginning Balance at Dec. 31, 2018	$ 210,296	$ (53)	$ 210,243	$ 174,366	$ 174,366	$ 37,577	$ (53)	$ 37,524	$ (1,647)	$ (1,647)
Beginning balance (in shares) at Dec. 31, 2018				15,977,754	15,977,754
Comprehensive Income [Abstract]
Net income	24,108					24,108
Other comprehensive income, net of tax	1,590								1,590
Issuance of restricted stock (in shares)				37,700
Stock repurchased and retired during period	$ (6,480)			$ (6,480)
Stock repurchased and retired during period (in shares)	(396,715)			(396,715)
Share-based compensation expense	$ 709			$ 709
Stock options exercised	626			$ 626
Stock options exercised (in shares)				88,277
Cash dividends declared on common stock	(3,962)					(3,962)
Ending Balance at Dec. 31, 2019	226,834			$ 169,221		57,670			(57)
Ending balance (in shares) at Dec. 31, 2019				15,707,016
Comprehensive Income [Abstract]
Net income	16,175					16,175
Other comprehensive income, net of tax	2,013								2,013
Issuance of restricted stock (in shares)				1,900
Restricted stock surrendered due to employee tax liability	(2)			$ (2)
Restricted stock surrendered due to employee tax liability (in shares)				(165)
Stock repurchased and retired during period	(6,487)			$ (6,487)
Stock repurchased and retired during period (in shares)				(428,474)
Share-based compensation expense	715			$ 715
Stock options exercised	693			$ 693
Stock options exercised (in shares)				105,601
Cash dividends declared on common stock	(6,153)					(6,153)
Ending Balance at Dec. 31, 2020	$ 233,788			$ 164,140		67,692			1,956
Ending balance (in shares) at Dec. 31, 2020	15,385,878			15,385,878
Comprehensive Income [Abstract]
Net income	$ 40,103					40,103
Other comprehensive income, net of tax	(1,802)								(1,802)
Issuance of restricted stock (in shares)				35,584
Forfeiture of restricted stock (in shares)				(1,300)
Restricted stock surrendered due to employee tax liability	(4)			$ (4)
Restricted stock surrendered due to employee tax liability (in shares)				(231)
Stock repurchased and retired during period	$ (10,876)			$ (10,876)
Stock repurchased and retired during period (in shares)	(680,269)			(680,269)
Share-based compensation expense	$ 453			$ 453
Stock options exercised	$ 1,279			$ 1,279
Stock options exercised (in shares)	126,163			126,163
Cash dividends declared on common stock	$ (6,655)					(6,655)
Ending Balance at Dec. 31, 2021	$ 256,286			$ 154,992		$ 101,140			$ 154
Ending balance (in shares) at Dec. 31, 2021	14,865,825			14,865,825

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Shareholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement of Stockholders' Equity [Abstract]
Cash dividends declared (in dollars per share)	$ 0.44	$ 0.40	$ 0.25

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash flows from operating activities
Net income	$ 40,103	$ 16,175	$ 24,108
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation of premises and equipment	1,375	1,487	1,534
Net amortization of premiums on securities	1,004	938	883
Net accretion of discounts on loans	(3,504)	(3,292)	(4,022)
Net accretion of deferred loan fees	(6,096)	(2,901)	(452)
Amortization of servicing assets	2,009	1,948	2,382
Provision (reversal) for loan losses	(4,596)	13,219	4,237
Bank-owned life insurance income	(108)	0	0
Deferred tax benefit	(1,953)	(3,670)	(2,573)
Share-based compensation	453	715	709
Gain on sale of securities available-for-sale	0	0	(786)
Gain on sale of loans	(12,932)	(6,527)	(5,996)
Originations of loans held-for-sale	(172,211)	(141,215)	(105,153)
Proceeds from sales of and principal collected on loans held-for-sale	150,236	149,388	116,544
Change in accrued interest receivable and other assets	2,660	(2,338)	801
Change in accrued interest payable and other liabilities	1,943	(6,834)	(2,096)
Net cash provided by (used in) operating activities	(1,617)	17,093	30,120
Cash flows from investing activities:
Purchase of securities available-for-sale	(47,306)	(39,385)	(11,961)
Proceeds from sale of securities available-for-sale	0	0	33,627
Proceeds from maturities, calls, and paydowns of securities available-for-sale	41,078	37,182	30,134
Purchase of securities held-to-maturity	0	0	(2,150)
Proceeds from maturities, calls, and paydowns of securities held-to-maturity	0	1,309	3,600
Proceeds from sale of loans held-for-sale previously classified as held-for-investment	8,757	664	826
Net increase in loans held-for-investment	(149,237)	(134,626)	(113,139)
Purchase of loans held-for-investment	(2,139)	0	(1,539)
Purchase of Federal Home Loan Bank and other restricted stock	(130)	(102)	(912)
Proceeds from sale of other real estate owned	3,434	3,924	321
Purchases of premises and equipment	(430)	(1,784)	(710)
Purchase of bank-owned life insurance	(29,250)	0	0
Net cash used in investing activities	(175,223)	(132,818)	(61,903)
Cash flows from financing activities:
Net increase in deposits	272,283	115,544	35,554
Proceeds from long-term Federal Home Loan Bank advances	0	140,000	0
Repayment of long-term Federal Home Loan Bank advances	(70,000)	(80,000)	(10,000)
Stock options exercised	1,279	693	626
Restricted stock surrendered due to employee tax liability	(4)	(2)	0
Repurchase of common stock	(10,876)	(6,487)	(6,480)
Cash dividends paid on common stock	(6,655)	(6,153)	(3,962)
Net cash provided by financing activities	186,027	163,595	15,738
Net increase (decrease) in cash and cash equivalents	9,187	47,870	(16,045)
Cash and cash equivalents at beginning of year	194,098	146,228	162,273
Cash and cash equivalents at end of year	203,285	194,098	146,228
Supplemental disclosures of cash flow information:
Interest paid	5,790	17,350	24,130
Income taxes paid	14,982	10,051	13,379
Supplemental disclosures of non-cash investment activities:
Loans transferred to loans held-for-sale	8,752	1,355	824
Loans transferred to other real estate owned	905	3,079	50
Right-of-use assets obtained in exchange for lease obligations	1,459	950	1,616
Reclassification of securities held-to-maturity to securities available-for-sale	$ 0	$ 18,777	$ 0

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies	12 Months Ended
	Dec. 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. On July 1, 2019, the Company changed its corporate name to “PCB Bancorp” from “Pacific City Financial Corporation.” The Bank is a single operating segment that operates 11 full-service branches in Los Angeles and Orange counties, California, one full-service branch in each of Englewood Cliffs, New Jersey and Bayside, New York, and 10 LPOs in Irvine, Artesia and Los Angeles, California; Annandale, Virginia; Atlanta, Georgia; 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 consolidated financial statements include the accounts of the Company and its wholly owned subsidiary as of December 31, 2021 and 2020 and for the years ended December 31, 2021, 2020 and 2019. Significant inter-company accounts and transactions have been eliminated in consolidation. Unless the context requires otherwise, all references to the Company include its wholly owned subsidiaries. The accounting and reporting polices of the Company are based upon GAAP and conform to predominant practices within the financial services industry. Significant accounting policies followed by the Company are presented below. Certain prior period amounts have been reclassified to conform to the current year’s presentation. These reclassifications had no impact on the Company’s consolidated statements of financial condition or operations. 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. Significant Accounting Policies Cash and Cash Equivalents Cash and cash equivalents include cash on hand, cash items in transit, cash due from the Federal Reserve Bank and other financial institutions, and federal funds sold with original maturities less than 90 days. In response to the COVID-19 pandemic, on March 26, 2020, the Federal Reserve reduced reserve requirement ratios to 0%, eliminating the reserve requirement for all depository institutions, an action that provides liquidity in the banking system to support lending to households and businesses. There was no reserve and clearing requirement balance at December 31, 2021 and 2020. Investment Securities Investment securities are classified as held-to-maturity or available-for-sale at the time of purchase based upon the intent of management, liquidity and capital requirements, regulatory limitations and other relevant factors. Debt securities are classified as held-to-maturity when management has the positive intent and ability to hold to maturity. Debt securities are classified as available-for-sale when they might be sold before maturity. Securities held-to-maturity are carried at amortized cost and securities available-for-sale are carried at fair value with unrealized gains and losses, net of taxes, recorded in other comprehensive income. 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 its 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. Gains and losses on sales of securities are determined using the specific identification method. Net realized gains or losses on available-for-sale securities are included in noninterest income and, when applicable, are reported as a reclassification adjustment, net of tax, in other comprehensive income. Amortization of premiums and accretion of discounts are included in interest income using the effective interest method. Management evaluates securities for OTTI at least on a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. For securities in an unrealized loss position, management considers the extent and duration of the unrealized loss, and the financial condition and near-term prospects of the issuer. Management also assesses whether it intends to sell, or it is more likely than not that it will be required to sell, a security in an unrealized loss position before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the entire difference between amortized cost and fair value is recognized as impairment through earnings. For debt securities that do not meet the aforementioned criteria, the amount of impairment is split into two components as follows: OTTI related to credit loss, which is recognized as a charge against earnings, and OTTI related to other factors, which is recognized in other comprehensive income, net of tax. The credit loss is defined as the difference between the present value of the cash flows expected to be collected and the amortized cost basis. Loans Held-For-Sale The Company originates SBA loans, and certain residential property and commercial property loans with the intention for sale in the secondary market. The Company records the guaranteed portion of SBA loans and these residential property and commercial property loans held-for-sale at the lower of cost or fair value on an aggregate basis. Fair value is based on commitments on hand from investors or prevailing market prices. A valuation allowance is established if the fair value of such loans is lower than their cost, with a corresponding charge to noninterest income. When the Company changes its intent to hold loans for investment, the loans are transferred to held-for-sale at lower of cost or fair value at the time of transfer, as determined on an individual loan level with charges made to allowance for loan losses when the fair value is lower than the cost. Deferred fees and cost on transferred loans are included in the determination of gains or losses on sale of the related loans. Subsequent decreases in fair value, if any, are recognized through a valuation allowance with charges made to noninterest income. If a determination is made that a loan held-for-sale cannot be sold in the foreseeable future, it is transferred to loans held-for-investment at lower of cost or fair value on the transfer date with a charge made to noninterest income when the fair value is lower than the cost. Realized gains and losses from sales of loans are included in noninterest income. For sales of guaranteed portion of SBA and certain residential property loans, the loan servicing rights are retained. Loans Held-For-Investment Loans held-for-investment that management has the intent and ability to hold for the foreseeable future are reported at their outstanding unpaid principal balances, net of any charge-offs, deferred fees or costs on originated loans, or unamortized premiums or discounts on purchased loans. Loan origination fees and certain direct origination costs are deferred and recognized in interest income using the effective interest method over the life of the loan. Interest is accrued and credited to income as earned only if deemed collectible. Loans on which the accrual of interest has been discontinued are designated as nonaccrual loans. Accrual of interest on loans is discontinued when principal or interest payment is 90 days past due based on the contractual terms of the loan or when, in the opinion of management, there is reasonable doubt as to collectability. When loans are placed on nonaccrual status, all interest previously accrued but not collected is reversed against current period interest income. Past-due status is based on the contractual terms of the loan. Interest payments that are subsequently received are applied as a reduction to the remaining principal balance as long as concern exists as to the collectability of the principal. Interest accruals are resumed on such loans only when the loans are brought current with respect to interest and principal and when, in the judgment of management, all principal and interest on the loans are expected to be fully collectable. Loan portfolio segments identified by the Company include: real estate (commercial property, residential property, SBA property and construction), commercial and industrial (commercial term, commercial lines of credit, and SBA commercial term), and other consumer loans. Risks associated with the Company’s real estate loans include a decline in the economy and a reduction in real estate values in the Company’s primary markets, an increase in market interest rates, increased competition in pricing and loan structure, and environmental risks. Risks associated with the Company’s commercial and industrial loans include a decline in the economy in the primary markets, an increase in market interest rates, and deterioration of a borrower’s or guarantor’s financial capabilities. Risk associated with the Company’s other consumer loans include the same risks associated with the commercial and industrial loans, but also includes risks related to consumer bankruptcy laws which allow consumers to discharge certain debts. 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. Loan Modifications Related to the COVID-19 Pandemic : As a part of the CARES Act, the temporal relief from 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. 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 December 31, 2021 and 2020, total loans under modified terms related to the COVID-19 pandemic, including payment deferments and interest only payments, were none and $36.1 million, respectively. 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 were granted modifications related to the COVID-19 pandemic in excess of 6 months, on a cumulative basis, were 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 December 31, 2020; however, all of these loans were 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 : U.S. SBA launched the 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 PPP loans funded during the year ended December 31, 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. SBA PPP loans funded during the year ended December 31, 2021 have a maturity of five years. As of December 31, 2021 and 2020, the Company had 354 and 1,585 SBA PPP loans totaling $65.3 million and $135.7 million, net of unamortized deferred fees and costs, respectively. As of December 31, 2021, the Company recognized $181.8 million in forgiveness. The Company amortizes these deferred fees and costs without prepayment assumption using the contractual lives of SBA PPP loans. The SBA guarantee on PPP loans cannot be separated from the loan and therefore is not a separate unit of account. The Company considered the SBA guarantee in the allowance for loan losses evaluation and determined that it is not required to reserve an allowance on SBA PPP loans at December 31, 2021 and 2020. Allowance for Loan Losses Allowance for loan losses is a valuation allowance for probable incurred credit losses. Loan losses are charged against the allowance when management believes the loan is uncollectible. Subsequent recoveries, if any, are credited to the allowance. Management estimates the allowance balance required using past loan loss experience, the nature and volume of the portfolio, information about specific borrower situations and estimated collateral values, economic conditions, and other factors. Allocations of the allowance may be made for specific loans, but the entire allowance is available for any loan that, in management’s judgment, should be charged-off. Amounts are charged-off when available information confirms that specific loans or portions thereof, are uncollectible. Generally, loans are charged off immediately when it is determined that advances to the borrower are in excess of the calculated current fair value of the collateral and if a borrower is deemed incapable of repayment of unsecured debt, there is little or no prospect for near term improvement and no realized strengthening action of significance pending. Other consumer loans are charged off based on delinquency, typically 120 days for closed loans and 180 days for open-end loans, or earlier when it is determined that the loan is uncollectible due to a triggering event, such as bankruptcy, fraud, or death. This methodology for determining charge-offs is consistently applied to each segment. The allowance consists of general reserves (collectively evaluated for impairment) and specific reserves (individually evaluated for impairment). General reserves cover non-impaired loans and are based on historical loss rates over the most recent four years for each portfolio segment, adjusted for the effects of qualitative or environmental factors that are likely to cause estimated credit losses as of the evaluation date to differ from the portfolio segment’s historical loss experience. The Company utilizes a migration analysis to measure actual historical loss experience, with the resulting historical loss rate adjusted for any applicable loss emergence period factors serving as the base loss rate to estimate the amount of appropriate loss reserve. Qualitative factors include consideration of the following: changes in lending policies and procedures; changes in economic conditions; changes in the nature and volume of the portfolio; changes in the experience, ability, and depth of lending management and other relevant staff; changes in the volume and severity of past due, nonaccrual, and other adversely graded loans; changes in the loan review system; changes in the value of the underlying collateral for collateral-dependent loans; concentrations of credit and the effect of other external factors such as competition and legal and regulatory requirements. Specific reserves relate to loans that are individually classified as impaired. A loan is impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. Factors considered in determining impairment include payment status, collateral value, and the probability of collecting all amounts when due. Measurement of impairment is based on the expected future cash flows of an impaired loan, which are to be discounted at the loan’s effective interest rate, or measured by reference to an observable market value, if one exists, or the fair value of the collateral for a collateral-dependent loan. The Company selects the measurement method on a loan-by-loan basis, with the exception of collateral-dependent loans for which the most viable source of repayment is the continued operation of the collateral or liquidation of the collateral. The impairment for these loans are measured at the fair value of the collateral, less estimated selling cost. If a loan is impaired, the loan is reported, net of the allocated allowance, at the present value of estimated future cash flows using the loan’s effective interest rate or at the fair value of collateral if repayment is expected solely from the collateral. Interest payments received on impaired loans are first applied to principal, then recognized as income based on existing methods to recognize income on nonaccrual loans. Loans for which the terms have been modified resulting in a concession, and for which the borrower is experiencing financial difficulties, are considered TDRs and classified as impaired with measurement of impairment as described above. Premises and Equipment Premises and equipment are carried at cost less accumulated depreciation and amortization. Depreciation is computed using the straight-line method over the estimated useful lives, which ranges from three Operating Leases The Company’s operating leases are for its headquarters office spaces, and retail branch and LPO locations. Most leases include one or more options to renew, with renewal terms that can extend the lease term from one five Federal Home Loan Bank and Other Restricted Stock The Bank is a member of the FHLB and Pacific Coast Bankers’ Bancshares (“PCBB”) system. Members are required to own a certain amount of stock based on the level of borrowings and other factors, and may invest in additional amounts. FHLB and PCBB stock is carried at cost, classified as a restricted security, and periodically evaluated for impairment based on the ultimate recovery of par value. Both cash and stock dividends are reported as income. Other Real Estate Owned OREO represents properties acquired through foreclosure or other proceedings. 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. Any write-down to fair value at the time of transfer to OREO is charged to allowance for loan losses. Property is evaluated regularly to ensure the recorded amount is supported by its current fair value and valuation allowances to reduce the carrying amounts to fair value less estimated costs to dispose are recorded as necessary. Additions to or reductions from valuation allowances are recorded in noninterest expense. Servicing Assets Servicing assets are recognized when servicing rights are retained from the sale of loans, such as sales of the guaranteed portion of SBA and certain residential property loans, and are initially recorded at fair value. Fair value is calculated as the present value of estimated future cash flows from the servicing rights based on current market sources, such as the cost to service, discount rates, and prepayment speeds. Servicing assets are amortized into noninterest income over the expected life of the underlying loans. Servicing assets are evaluated for impairment based on the fair value of the servicing rights as compared to the carrying amount. Impairment is determined by stratifying servicing rights into groupings based on predominant risk characteristics, such as collateral type. For purposes of measuring impairment, the Company has identified each servicing asset with the underlying loan being serviced. A valuation allowance is recorded when the fair value is below the carrying amount of the asset. If the Company later determines that all or a portion of the impairment no longer exists for a particular grouping, a reduction of the valuation allowance may be recorded as an increase to income. The fair values of servicing assets are subject to significant fluctuations as a result of changes in estimated and actual prepayment speeds and changes in discount rates. Servicing income as reported on the income statement consists of fees earned for servicing loans, net of the amortization of servicing assets and changes in the valuation allowance. The servicing fees are based on a contractual percentage of the outstanding principal and recorded as income when earned. Investment in Qualified Affordable Housing Projects The Company has invested in a limited partnership that operates qualified affordable housing projects for lower income tenants in California. The Company accounts for this investment under the proportional amortization method and the amortization expense is presented as a component of current tax expense. Return of this investment is generated primarily through allocated federal tax credits and other tax benefits. The recorded investment amount was $1.6 million and $1.9 million, respectively, and unfunded commitments were $51 thousand and $57 thousand, respectively, at December 31, 2021 and 2020. The recorded investment amount is included in Other Assets and unfunded commitment is included in Accrued Interest Payable and Other Liabilities on the Consolidated Statements of Financial Condition. As components of income tax expense, the Company recognized amortizations of $247 thousand, $240 thousand and $261 thousand, respectively, and federal tax credits and other benefits of $299 thousand, $300 thousand and $304 thousand, respectively, for the years ended December 31, 2021, 2020 and 2019. The Company determined that there were no events or changes in circumstances indicating that it is more likely than not that the carrying amount of the investment will not be realized. Therefore, no impairment was recorded at December 31, 2021 and 2020. Bank-owned Life Insurance The Company purchased life insurance policies on certain officers and directors during the year ended December 31, 2021. The Bank and named beneficiaries of various current covered officers are the beneficiaries under each policy. In the event of the death of a covered officer, the Bank and named beneficiaries of the covered officer will receive the specified insurance benefit from the insurance carrier. Bank-owned life insurance is recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due, if any, that are probable at settlement. Earnings Per Share Earnings per share (“EPS”) is computed under the two-class method. Net income allocated to common stock is computed by subtracting income allocated to unvested restricted stock from net income. Income allocated to unvested restricted stock includes cash dividend paid and undistributed income available to holders of unvested restricted stock, if any. Basic EPS is computed by dividing net income allocated to common stock by the weighted-average common shares outstanding excluding the weighted-average unvested restricted stock. Diluted EPS is computed by dividing net income allocated to common stock by the weighted-average common stock outstanding, excluding the weighted-average unvested restricted stock, adjusted for the dilutive effect of the stock options. Diluted EPS reflects the potential dilution that could occur if options or other contracts to issue common stock were exercised or converted into common stock, or resulted in the issuance of common stock that then shared in the earnings of the entity. Transfer of Financial Assets Transfers of financial assets are accounted for sales, when control over the assets has been relinquished. Control over transferred assets is deemed to be surrendered when the assets have been isolated from the Company, the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity. Share-Based Compensation The Company recognizes the cost of employee services received in exchange for stock options and restricted stock awards (“RSAs”), based on the grant date fair value of those awards. A Black-Scholes model is utilized to estimate the fair value of stock options, while the market price of the Company's common stock at the date of grant is used for RSAs. This cost is recognized in income over the period which an employee is required to provide services in exchange for the award, generally the vesting period. See Note 12 for additional information on the Company’s stock option plan. Income Taxes Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the consolidated financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. The Company recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. Interest and penalties related to unrecognized tax benefits are recorded as part of income tax expense. A valuation allowance is established to reduce the deferred tax asset to the level at which it is more likely than not that the tax benefits will be realized. Realization of tax benefits of deductible temporary differences and carryforwards depends on having sufficient taxable income of an appropriate character and in the appropriate periods. Commitments and Contingencies In the ordinary course of business, the Company enters into off-balance sheet financial instruments consisting of commitments to extend credit, commercial letters of credit, and standby letters of credit as described in Note 16. Such financial instruments are recorded in the consolidated financial statements when they are funded or related fees are incurred or received. Revenue Recognition Topic 606, “Revenue from Contracts with Customers,” does not apply to revenue associated with financial instruments, including revenue from loans and securities. In addition, certain noninterest income streams such as gain or loss associated with mortgage servicing assets and financial guarantees are also not within the scope. Topic 606 is applicable to noninterest income such as deposit related fees, interchange fees, and merchant related income. Noninterest income considered to be within the scope of Topic 606 is discussed below. Service charges and fees on deposits : Deposit account service charges consist of monthly service fees, account analysis fees, non-sufficient funds (“NSF”) charges and other deposit related fees. The Company’s performance obligation for account analysis fees and monthly service fees is generally satisfied, and the related revenue recognized, over the period in which the service is provided. NSF charges, and other deposit account service charges are largely transactional based, and therefore, the Company’s performance obligation is satisfied, and related revenue recognized, at a point in time as incurred. Debit card fees : When customers use their debit cards to pay merchants for goods or services, the Company retains a fee from the funds collected from the related deposit account and transfers the remaining funds to the payment network for remittance to the merchant. The performance obligation to the merchant is satisfied and the fee is recognized at the point in time when the funds are collected and transferred to the payment network. Gain (loss) on sale of other real estate owned : The Company’s performance obligation for sale of OREO is the transfer of title and ownership rights of the OREO to the buyer, which occurs at the settlement date when the sale proceeds are received and income is recognized. Wire transfer fees and other service charges : Wire transfer fees and other service charges are transaction based, and therefore, the Company’s performance obligation is satisfied, and related revenue recognized, at a point in time as incurred. Fair Value Measurement 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. Current accounting guidance establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs when measuring fair value. The guidance describes three levels of inputs that may be used to measure fair value: • 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: Significa

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements ASC 820, Fair Value Measurements and Disclosures, defines fair value, establishes a framework for measuring fair value including a three-level valuation hierarchy, and expands disclosures about fair value measurements. Fair value is the exchange price that would be received for an asset or paid to transfer a liability (i.e. an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The three-level fair value hierarchy requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The three levels of inputs that may be used to measure fair value are defined as follows: • Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. • Level 2: Significant observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. • Level 3: Significant unobservable inputs that reflect a reporting entity’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. Fair value is measured on a recurring basis for certain assets and liabilities in which fair value is the primary basis of accounting. Additionally, fair value is used on a non-recurring basis to evaluate certain assets or liabilities for impairment or for disclosure purposes. Categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The Company records securities available-for-sale at fair value on a recurring basis. Certain other assets, such as loans held-for-sale, impaired loans, servicing assets and 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. 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 of servicing rights 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 Significant Other Observable Inputs Significant Unobservable Inputs Total December 31, 2021 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Mortgage-backed securities $ — $ 84,713 $ — $ 84,713 Collateralized mortgage obligations — 19,056 — 19,056 SBA loan pool securities — 8,672 — 8,672 Municipal bonds — 5,686 — 5,686 Corporate bonds — 5,071 — 5,071 Total securities available-for-sale — 123,198 — 123,198 Total assets measured at fair value on a recurring basis $ — $ 123,198 $ — $ 123,198 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: Mortgage-backed securities $ — $ 76,154 $ — $ 76,154 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 Significant Other Observable Inputs Significant Unobservable Inputs Total December 31, 2021 Impaired loans: SBA property $ — $ — $ 17 $ 17 Total impaired loans — — 17 17 Total assets measured at fair value on a non-recurring basis $ — $ — $ 17 $ 17 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) December 31, 2021 Impaired loans: SBA property $ 17 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, specific reserves, impairment on servicing assets, gain (loss) on sale of OREO, and OREO valuation write-downs recorded for the periods indicated: Year Ended December 31, ($ in thousands) 2021 2020 2019 Collateral dependent impaired loans: SBA property $ (8) $ (138) $ (31) Commercial lines of credit 136 (720) (2,475) SBA commercial property (5) (221) — Other real estate owned 73 9 (18) Net gain (losses) recognized $ 196 $ (1,070) $ (2,524) 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 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 December 31, 2021 Financial assets: Interest-bearing deposits in other financial institutions $ 188,063 $ 188,063 $ 188,063 $ — $ — Securities available-for-sale 123,198 123,198 — 123,198 — Loans held-for-sale 37,026 41,079 — 41,079 — Net loans held-for-investment 1,709,824 1,725,022 — — 1,725,022 FHLB and other restricted stock 8,577 N/A N/A N/A N/A Accrued interest receivable 5,368 5,368 1 337 5,030 Financial liabilities: Deposits $ 1,867,134 $ 1,867,635 $ — $ — $ 1,867,635 FHLB advances 10,000 10,087 — 10,087 — Accrued interest payable 771 771 — 1 770 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	12 Months Ended
	Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Investment Securities	Investment Securities Debt securities have been classified as available-for-sale or held-to-maturity in the consolidated balance sheets according to management’s intent. 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 its 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 $787 thousand. The following table presents the amortized cost and fair value of the investment securities as of the dates indicated: ($ in thousands) Amortized Cost Gross Unrealized Gain Gross Unrealized Loss Fair Value December 31, 2021 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Mortgage-backed securities $ 85,346 $ 625 $ (1,258) $ 84,713 Collateralized mortgage obligations 18,990 113 (47) 19,056 SBA loan pool securities 8,520 156 (4) 8,672 Municipal bonds 5,329 357 — 5,686 Corporate bonds 5,000 71 — 5,071 Total securities available-for-sale $ 123,185 $ 1,322 $ (1,309) $ 123,198 December 31, 2020 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Mortgage-backed securities $ 74,622 $ 1,558 $ (26) $ 76,154 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 December 31, 2021 and 2020, pledged securities were $110.9 million and $117.8 million, respectively. These securities were pledged for the State Deposit from the California State Treasurer. The following table presents the amortized cost and fair value of the investment securities by contractual maturity as of December 31, 2021. Expected maturities may differ from contractual maturities, if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately. Securities Available-For-Sale ($ in thousands) Amortized Cost Fair Value Within one year $ 305 $ 307 One to five years 1,851 1,901 Five to ten years 5,830 5,917 Greater than ten years 2,343 2,632 Mortgage-backed securities, collateralized mortgage obligations and SBA loan pool securities 112,856 112,441 Total $ 123,185 $ 123,198 The following table presents proceeds from sales and calls of securities available-for-sale and the associated gross gains and losses realized through earnings upon the sales and calls of securities available-for-sale for the periods indicated: Year Ended December 31, ($ in thousands) 2021 2020 2019 Gross realized gains on sales and calls of securities available-for-sale $ — $ — $ 786 Gross realized losses on sales and calls of securities available-for-sale — — — Net realized gains on sales and calls of securities available-for-sale $ — $ — $ 786 Proceeds from sales and calls of securities available-for-sale $ — $ 185 $ 33,627 Tax expense on sales and calls of securities available-for-sale $ — $ — $ 234 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 December 31, 2021 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Mortgage-backed securities $ 46,945 $ (931) 32 $ 8,885 $ (327) 5 $ 55,830 $ (1,258) 37 Collateralized mortgage obligations 2,897 (47) 4 — — — 2,897 (47) 4 SBA loan pool securities — — — 156 (4) 1 156 (4) 1 Total securities available-for-sale $ 49,842 $ (978) 36 $ 9,041 $ (331) 6 $ 58,883 $ (1,309) 42 December 31, 2020 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Mortgage-backed securities $ 5,773 $ (26) 4 $ — $ — — $ 5,773 $ (26) 4 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 In accordance with FASB ASC 320, Investments - Debt and Equity Securities , the Company performs an 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 December 31, 2021 and 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 December 31, 2021 and 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 years ended December 31, 2021, 2020 and 2019.

Loans and Allowance for Loan Lo

Loans and Allowance for Loan Losses	12 Months Ended
	Dec. 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: December 31, ($ in thousands) 2021 2020 Real estate loans: Commercial property $ 1,105,843 $ 880,736 Residential property 209,485 198,431 SBA property 129,661 126,570 Construction 8,252 15,199 Total real estate loans 1,453,241 1,220,936 Commercial and industrial loans: Commercial term 73,438 87,250 Commercial lines of credit 100,936 96,087 SBA commercial term 17,640 21,878 SBA PPP 65,329 135,654 Total commercial and industrial loans 257,343 340,869 Other consumer loans 21,621 21,773 Loans held-for-investment 1,732,205 1,583,578 Allowance for loan losses (22,381) (26,510) Net loans held-for-investment $ 1,709,824 $ 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 December 31, 2021 and 2020, the Company had $398 thousand and $3.9 million, respectively, of such loans outstanding. Allowance for Loan Losses The following table presents the activities in allowance for loan losses by portfolio segment, which is consistent with the Company’s methodology for determining allowance for loan losses, for the periods indicated: ($ in thousands) Real Estate Commercial and Industrial Consumer Total Balance at January 1, 2019 $ 9,104 $ 3,877 $ 186 $ 13,167 Charge-offs (31) (3,350) (198) (3,579) Recoveries on loans previously charged off 6 378 171 555 Provision for loan losses 775 3,449 13 4,237 Balance at December 31, 2019 9,854 4,354 172 14,380 Charge-offs (175) (1,104) (250) (1,529) Recoveries on loans previously charged off 58 236 146 440 Provision for loan losses 9,157 3,736 326 13,219 Balance at December 31, 2020 18,894 7,222 394 26,510 Charge-offs (24) (115) (88) (227) Recoveries on loans previously charged off 63 565 66 694 Reversal for loan losses (2,136) (2,362) (98) (4,596) Balance at December 31, 2021 $ 16,797 $ 5,310 $ 274 $ 22,381 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 Consumer Total December 31, 2021 Allowance for loan losses: Individually evaluated for impairment $ — $ — $ — $ — Collectively evaluated for impairment 16,797 5,310 274 22,381 Total $ 16,797 $ 5,310 $ 274 $ 22,381 Loans receivable: Individually evaluated for impairment $ 1,314 $ 221 $ — $ 1,535 Collectively evaluated for impairment 1,451,927 257,122 21,621 1,730,670 Total $ 1,453,241 $ 257,343 $ 21,621 $ 1,732,205 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 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 December 31, 2021 Real estate loans: Commercial property $ 1,092,253 $ 11,739 $ 1,851 $ — $ 1,105,843 Residential property 209,485 — — — 209,485 SBA property 127,518 251 1,892 — 129,661 Construction 8,252 — — — 8,252 Commercial and industrial loans: Commercial term 68,626 3,698 1,114 — 73,438 Commercial lines of credit 98,785 2,151 — — 100,936 SBA commercial term 17,111 253 276 — 17,640 SBA PPP 65,329 — — — 65,329 Other consumer loans 21,586 — 35 — 21,621 Total $ 1,708,945 $ 18,092 $ 5,168 $ — $ 1,732,205 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 93,884 1,299 904 — 96,087 SBA commercial term 20,922 281 675 — 21,878 SBA PPP 135,654 — — — 135,654 Other consumer loans 21,707 — 66 — 21,773 Total $ 1,556,987 $ 16,461 $ 10,130 $ — $ 1,583,578 Substandard SBA property loans included $109 thousand and $113 thousand of guaranteed portion by the U.S. government agency at December 31, 2021 and 2020, respectively. The Company had no loans under modified terms related to the COVID-19 pandemic as of December 31, 2021. The following table presents the risk categories for the recorded investment in loans under modified terms related to the COVID-19 pandemic by portfolio segment as of December 31, 2020: ($ in thousands) Pass Special Mention Substandard Doubtful Total 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 were granted modifications related to the COVID-19 pandemic in excess of 6 months, on a cumulative basis, were 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 December 31, 2021 Real estate loans: Residential property $ 461 $ — $ — $ — $ 461 SBA property — — — 746 746 Commercial and industrial loans: SBA commercial term — — — 213 213 Other consumer loans 88 5 — 35 128 Total $ 549 $ 5 $ — $ 994 $ 1,548 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 the U.S. government agency at December 31, 2021 and 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 December 31, 2021 Real estate loans: Commercial property $ 326 $ 325 $ — $ — $ — SBA property 988 1,033 — — — Commercial and industrial loans: Commercial term 2 2 — — — SBA commercial term 219 227 — — — Total $ 1,535 $ 1,587 $ — $ — $ — 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 904 904 — — — SBA commercial term 593 633 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: Year Ended December 31, 2021 2020 2019 ($ in thousands) Average Recorded Investment Interest Income Average Recorded Investment Interest Income Average Recorded Investment Interest Income Real estate loans: Commercial property $ 329 $ 22 $ 467 $ 23 $ 170 $ 12 Residential property — — 47 — 38 — SBA property 1,105 16 1,459 17 1,685 41 Commercial and industrial loans: Commercial term 10 — 24 1 47 3 Commercial lines of credit — — 1,869 — 921 — SBA commercial term 364 1 499 1 224 9 Total $ 1,808 $ 39 $ 4,365 $ 42 $ 3,085 $ 65 The following presents a summary of interest foregone on impaired loans for the periods indicated: Year Ended December 31, ($ in thousands) 2021 2020 2019 Interest income that would have been recognized had impaired loans performed in accordance with their original terms $ 99 $ 256 $ 213 Less: interest income recognized on impaired loans on a cash basis (39) (42) (65) Interest income foregone on impaired loans $ 60 $ 214 $ 148 Troubled Debt Restructurings A TDR is a restructuring in which the Company, for economic or legal reasons related to a borrower’s financial difficulties, grants a concession to the borrower that it would not otherwise consider. The restructuring of a loan includes, but is not limited to: (i) the transfer from the borrower to the Company of real estate, receivables from third parties, other assets, or an equity interest in full or partial satisfaction of the loan, (ii) a modification of the loan terms, such as a reduction of the stated interest rate, principal, or accrued interest or an extension of the maturity date at a stated interest rate lower than the current market rate for new debt with similar risk, or (iii) a combination of the above. A loan extended or renewed at a stated interest rate equal to the current interest rate for new debt with similar risk is not to be reported as a restructured loan. The following table presents the composition of loans that were modified as TDRs by portfolio segment as of the dates indicated: December 31, 2021 2020 ($ in thousands) Accruing Nonaccrual Total Accruing Nonaccrual Total Real estate loans: Commercial property $ 326 $ — $ 326 $ 333 $ — $ 333 SBA property 242 17 259 270 5 275 Commercial and industrial loans: Commercial term 2 — 2 18 — 18 SBA commercial term 6 — 6 13 — 13 Total $ 576 $ 17 $ 593 $ 634 $ 5 $ 639 The Company had no commitments to lend to customers with outstanding loans that were classified as TDRs as of December 31, 2021 and 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 $0 and $0 of allowance for loan losses as of December 31, 2021 and 2020, respectively. Year Ended December 31, 2020 2019 ($ in thousands) Number of Loans Pre-Modification Recorded Investment Post-Modification Recorded Investment Number of Loans Pre-Modification Recorded Investment Post-Modification Recorded Investment Real estate loans: Commercial property — $ — $ — 1 $ 341 $ 341 SBA property — — — 2 254 254 Commercial and industrial loans: SBA commercial term 2 37 37 2 15 15 Total 2 $ 37 $ 37 5 $ 610 $ 610 The following table summarized the TDRs by modification type for the periods indicated: Principal (1) Principal and Interest (2) Total ($ in thousands) Number of Loans Pre-Modification Recorded Investment Number of Loans Pre-Modification Recorded Investment Number of Loans Pre-Modification Recorded Investment Year ended December 31, 2020: Commercial and industrial loans: SBA commercial term 2 $ 37 — $ — 2 $ 37 Total 2 $ 37 — $ — 2 $ 37 Year ended December 31, 2019: Real estate loans: Commercial property — $ — 1 $ 341 1 $ 341 SBA property 2 254 — — 2 254 Commercial and industrial loans: SBA commercial term 2 15 — — 2 15 Total 4 $ 269 1 $ 341 5 $ 610 (1) Includes forbearance payments, term extensions and principal deferments that modify the terms of the loan from principal and interest payment to interest only payment. (2) Includes principal and interest deferments or reductions. 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: Year Ended December 31, ($ in thousands) 2021 2020 2019 Real estate loans: Commercial property $ 8,563 $ — $ — Residential property 189 1,125 824 Commercial and industrial loans: SBA commercial term — 230 — Total $ 8,752 $ 1,355 $ 824 The following table presents a summary of loans held-for-sale transferred to loans held-for-investment for the periods indicated: Year Ended December 31, ($ in thousands) 2021 2020 2019 Real estate loans: Residential property $ — $ 697 $ — Total $ — $ 697 $ — The following table presents a summary of purchases of loans held-for-investment for the periods indicated: Year Ended December 31, ($ in thousands) 2021 2020 2019 Real estate loans: Residential property $ 2,139 $ — $ 1,539 Total $ 2,139 $ — $ 1,539 The Company had no sales of loans held-for-investment during the years ended December 31, 2021, 2020 and 2019. When the Company changes its intent to hold loans for investment, the loans are transferred to held-for-sale. Loans Held-For-Sale The following table presents a composition of loans held-for-sale as of the dates indicated: December 31, ($ in thousands) 2021 2020 Real estate loans: Residential property $ — $ 300 SBA property 33,603 1,411 Commercial and industrial loans: SBA commercial term 3,423 268 Total $ 37,026 $ 1,979

Premises and Equipment

Premises and Equipment	12 Months Ended
	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Premises and Equipment	Premises and Equipment The following table presents a composition of premises and equipment as of the dates indicated: December 31, ($ in thousands) 2021 2020 Leasehold improvements $ 7,552 $ 7,848 Furniture, fixtures and equipment 3,770 3,772 Computer equipment 2,466 2,288 Computer software 1,484 1,385 Total premises and equipment 15,272 15,293 Less: accumulated depreciation (12,174) (11,245) Premises and equipment, net $ 3,098 $ 4,048

Operating Leases

Operating Leases	12 Months Ended
	Dec. 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: Year Ended December 31, ($ in thousands) 2021 2020 2019 Operating lease cost (1) $ 2,580 $ 2,617 $ 2,632 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases 2,760 2,776 2,705 Right-of-use assets obtained in exchange for lease obligations 1,459 950 1,616 (1) Included in Occupancy and Equipment on the Consolidated Statements of Income. The Company used the incremental borrowing rate based on the information available in determining the present value of lease payment. The following table presents supplemental balance sheet information related to leases as of December 31, 2021: December 31, ($ in thousands) 2021 2020 Operating leases: Operating lease assets $ 6,786 $ 7,616 Operating lease liabilities 7,444 8,455 Weighted-average remaining lease term 4.0 years 4.3 years Weighted-average discount rate 2.36 % 2.60 % The following table presets maturities of operating lease liabilities as of December 31, 2021: ($ in thousands) December 31, 2021 Maturities: 2022 $ 2,706 2023 2,230 2024 793 2025 753 2026 482 After 2026 710 Total lease payment 7,674 Imputed interest (230) Present value of operating lease liabilities $ 7,444

Servicing Assets

Servicing Assets	12 Months Ended
	Dec. 31, 2021
Transfers and Servicing [Abstract]
Servicing Assets	Servicing Assets At December 31, 2021 and 2020, total servicing assets were $7.3 million and $6.4 million, respectively. The Company sells SBA loans and certain residential property loans with servicing retained. The Company sold loans of $126.8 million, $89.5 million and $99.6 million, respectively, with the servicing rights retained and recognized a net gain on sale of $12.8 million, $6.0 million and $5.9 million, respectively, during the years ended December 31, 2021, 2020 and 2019. Loan servicing income was $2.8 million, $2.7 million and $2.3 million for the years ended December 31, 2021, 2020 and 2019, respectively. The following table presents the composition of servicing assets with key assumptions used to estimate the fair value: December 31, 2021 2020 ($ in thousands) Residential Property SBA Property SBA Commercial Term Residential Property SBA Property SBA Commercial Term Carrying amount $ 86 $ 6,701 $ 482 $ 109 $ 5,642 $ 649 Fair value $ 126 $ 11,196 $ 734 $ 133 $ 8,498 $ 888 Discount rates 6.33 % 8.75 % 9.64 % 11.25 % 13.25 % 12.75 % Prepayment speeds 24.40 % 9.80 % 12.77 % 27.20 % 9.99 % 11.01 % Weighted average remaining life 21.9 years 21.4 years 6.2 years 23.1 years 21.1 years 6.6 years Underlying loans being serviced $ 17,443 $ 442,424 $ 59,839 $ 22,299 $ 400,982 $ 75,514 The following table presents activity in servicing assets for the periods indicated: ($ in thousands) Residential Property SBA Property SBA Commercial Term Total Balance at January 1, 2019 $ 244 $ 6,349 $ 1,073 $ 7,666 Additions — 1,329 185 1,514 Amortization (73) (1,873) (436) (2,382) Balance at December 31, 2019 171 5,805 822 6,798 Additions — 1,408 142 1,550 Amortization (62) (1,571) (315) (1,948) Balance at December 31, 2020 109 5,642 649 6,400 Additions — 2,769 109 2,878 Amortization (23) (1,710) (276) (2,009) Balance at December 31, 2021 $ 86 $ 6,701 $ 482 $ 7,269

Other Real Estate Owned

Other Real Estate Owned	12 Months Ended
	Dec. 31, 2021
Receivables [Abstract]
Other Real Estate Owned	Other Real Estate Owned The following table presents activity in OREO for the periods indicated: Year Ended December 31, ($ in thousands) 2021 2020 2019 Balance at beginning of year $ 1,401 $ — $ — Additions 1,960 5,316 395 Sales (3,361) (3,915) (329) Net change in valuation allowance — — (66) Balance at end of year $ — $ 1,401 $ — The following table presents activity in OREO valuation allowance for the periods indicated: Year Ended December 31, ($ in thousands) 2021 2020 2019 Balance at beginning of year $ — $ — $ — Additions — — 66 Net direct write-downs and removal from sale — — (66) Balance at end of year $ — $ — $ — The following table presents expenses related to OREO for the periods indicated: Year Ended December 31, ($ in thousands) 2021 2020 2019 Net (gain) loss on sales $ (73) $ (9) $ 1 Operating expenses, net of rental income 81 60 — Total $ 8 $ 51 $ 1 The Company provided a loan of $250 thousand and $1.5 million to finance the sale of its OREO property during the year ended December 31, 2021 and 2020, respectively. The Company did not provide loans to finance the sale of its OREO properties during the year ended December 31, 2019.

Deposits

Deposits	12 Months Ended
	Dec. 31, 2021
Deposits [Abstract]
Deposits	Deposits At December 31, 2021 and 2020, total deposits were $1.87 billion and $1.59 billion, respectively, and total interest-bearing deposits were $1.04 billion and $1.06 billion, respectively. The aggregate amount of deposits reclassified as loans, such as overdrafts, was $39 thousand and $98 thousand at December 31, 2021 and 2020, respectively. Total deposits not covered by deposit insurance were $919.6 million and $737.2 million, respectively, and total time deposits not covered by deposit insurance were $216.3 million and $224.7 million, respectively, at December 31, 2021 and 2020. The Company had California State Treasurer’s deposits of $100.0 million and $100.0 million in time deposits of more than $250,000 at December 31, 2021 and 2020, respectively. The California State Treasurer’s deposits are subject to withdrawal based on the State’s periodic evaluations. At December 31, 2021 and 2020, the Company pledged securities with amortized cost of $110.9 million and $117.8 million, respectively, for the California State Treasurer’s deposits. At December 31, 2021 and 2020, the Company had brokered deposits of $85.0 million and $80.0 million, respectively. Deposits from certain officers, directors and their related interests with which they are associated held by the Company were $3.9 million and $2.7 million at December 31, 2021 and 2020, respectively. The following table presents scheduled maturities of time deposits as of December 31, 2021: ($ in thousands) 2022 2023 2024 2025 2026 Thereafter Total Time deposits of $250,000 or less $ 333,907 $ 5,484 $ 2,204 $ 326 $ 35 $ — $ 341,956 Time deposits of more than $250,000 269,107 3,162 — — — — 272,269 Total time deposits $ 603,014 $ 8,646 $ 2,204 $ 326 $ 35 $ — $ 614,225

Federal Home Loan Bank Advances

Federal Home Loan Bank Advances and Other Borrowings	12 Months Ended
	Dec. 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 $10.0 million and $80.0 million in FHLB advances at December 31, 2021 and 2020, respectively. FHLB advances consisted of a fixed rate term borrowing with with a maturity date of June 29, 2022 (original maturity term of five years) at December 31, 2021. The following table presents scheduled maturities of FHLB advances as of December 31, 2021: ($ in thousands) 2022 2023 2024 2025 Thereafter Total Fixed Rate $ 10,000 $ — $ — $ — $ — $ 10,000 Variable Rate — — — — — — Total $ 10,000 $ — $ — $ — $ — $ 10,000 The following table presents financial data of FHLB advances as of the dates or for the periods indicated: As of or For the Year Ended December 31, ($ in thousands) 2021 2020 2019 Weighted-average interest rate at end of year 2.07 % 0.67 % 1.92 % Average interest rate during the year 0.97 % 0.65 % 1.86 % Average balance $ 30,096 $ 94,303 $ 25,370 Maximum amount outstanding at any month-end $ 80,000 $ 170,000 $ 35,000 Balance at end of year $ 10,000 $ 80,000 $ 20,000 Advances paid early are subject to a prepayment penalty. At December 31, 2021 and 2020, loans pledged to secure from FHLB advances were $982.7 million and $834.4 million, respectively. The Company’s investment in capital stock of the FHLB of San Francisco totaled $8.4 million and $8.3 million, respectively, at December 31, 2021 and 2020. The Company had additional borrowing capacity of $516.2 million and $425.3 million, respectively, from the FHLB as of December 31, 2021 and 2020. Other Borrowing Arrangements At December 31, 2021, the Company had $29.2 million of unused borrowing capacity from the Federal Reserve Discount Window, to which the Company pledged loans with a carrying value of $36.6 million with no outstanding borrowings. In addition, the Company may borrow up to approximately $65.0 million overnight federal funds lines on an unsecured basis with correspondent banks at December 31, 2021.

Shareholders' Equity

Shareholders' Equity	12 Months Ended
	Dec. 31, 2021
Equity [Abstract]
Shareholders' Equity	Shareholders’ Equity Common Stock Stock Repurchases On March 28, 2019, the Company’s Board of Directors approved the repurchase of up to $6.5 million of the Company’s common stock through March 27, 2020. During the year ended December 31, 2019, the Company completed the repurchase program, and repurchased and retired 396,715 shares of common stock at a weighted-average price of $16.33 per share. 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. 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. The Company repurchased and retired 680,269 shares of common stock at a weighted-average price of $15.99 per share, totaling $10.9 million under this repurchase program.

Share-Based Compensation

Share-Based Compensation	12 Months Ended
	Dec. 31, 2021
Share-based Payment Arrangement [Abstract]
Share-Based Compensation	Share-Based Compensation On July 25, 2013, the Company adopted the Equity Based Stock Compensation Plan (“2013 EBSC Plan”) approved by its shareholders to replace the 2003 Stock Option Plan. The 2013 EBSC Plan provided for options to purchase 1,114,446 shares of common stock for equity-based compensation awards including incentive and non-qualified stock options and restricted stock awards. As of December 31, 2021, there were 468,170 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: Year Ended December 31, ($ in thousands) 2021 2020 2019 Share-based compensation expense related to: Stock options $ 187 $ 562 $ 650 Restricted stock awards 266 153 59 Total share-based compensation expense $ 453 $ 715 $ 709 Related tax benefits $ 84 $ 76 $ 44 The following table presents unrecognized share-based compensation expense as of December 31, 2021: ($ in thousands) Unrecognized Expense Weighted-Average Remaining Expected Recognition Period Unrecognized share-based compensation expense related to: Stock options $ 341 2.4 years Restricted stock awards 537 2.1 years Total unrecognized share-based compensation expense $ 878 2.2 years Stock Options The Company has issued stock options to certain employees, officers and directors. Stock options are issued at the closing market price on the grant date, and generally have a three Year Ended December 31, 2021 2020 2019 Risk-free interest rate 1.13 % — % 2.06 % Expected term 6.71 years N/A 5.00 years Expected stock price volatility 27.54 % — % 36.10 % Dividend yield 2.64 % — % 1.33 % The following table presents information related to the stock option plan for the periods indicated: Year Ended December 31, ($ in thousands, except per share data) 2021 2020 2019 Intrinsic value of options exercised $ 794 $ 789 $ 851 Cash received from options exercised $ 1,279 $ 693 $ 627 Tax benefit from options exercised $ 60 $ 70 $ 31 Weighted-average estimated fair value per share of options granted $ 3.76 $ — $ 5.76 The following table represents stock option activity as of and for the year ended December 31, 2021: Year Ended December 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 year 718,935 $ 10.87 5.07 years $ — Granted 50,000 $ 17.94 10.00 years Exercised (126,163) $ 10.14 4.22 years Forfeited (10,000) $ 17.47 8.00 years Balance at end of year 632,772 $ 11.47 4.54 years $ 6,641 Exercisable at end of year 525,673 $ 10.40 3.85 years $ 6,078 The following table represents information regarding unvested stock options for the year ended December 31, 2021: Year Ended December 31, 2021 Number of Shares Weighted-Average Exercise Price Per Share Outstanding at beginning of year 121,199 $ 15.68 Granted 50,000 $ 17.94 Vested (54,100) $ 15.41 Forfeited (10,000) $ 17.47 Balance at end of year 107,099 $ 16.70 Restricted Stock Awards The Company also has granted 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 five Year Ended December 31, 2021 Number of Shares Weighted-Average Grant Date Fair Value Per Share Outstanding at beginning of period 30,300 $ 16.27 Granted 35,584 $ 10.80 Vested (9,300) $ 16.46 Forfeited (1,300) $ 13.23 Outstanding at end of period 55,284 $ 12.79

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2021
Retirement Benefits [Abstract]
Employee Benefit Plans	Employee Benefit PlansThe Company has adopted a defined contribution 401(k) plan for the benefit of its employees. The Company matches 75% of an employee’s contribution up to 8% of the employee’s salary each year. The Board of Directors may make a discretionary contribution to the plan annually. The Company’s contribution to the plan was $901 thousand, $807 thousand and $831 thousand for the years ended December 31, 2021, 2020 and 2019, respectively.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The following table presents the components of income tax expense for the periods indicated: Year Ended December 31, ($ in thousands) 2021 2020 2019 Current: Federal $ 12,117 $ 6,596 $ 8,317 State 6,692 3,910 4,499 Total current income tax expense 18,809 10,506 12,816 Deferred: Federal (1,428) (2,223) (1,747) State (525) (1,447) (826) Total deferred income tax benefit (1,953) (3,670) (2,573) Total $ 16,856 $ 6,836 $ 10,243 The following table presents a reconciliation of the recorded income tax expense to the amount of taxes computed by applying the applicable statutory Federal income tax rate for the periods indicated: Year Ended December 31, 2021 2020 2019 Statutory federal tax rate 21.00 % 21.00 % 21.00 % State and local income taxes, net of federal tax benefit 8.55 % 8.45 % 8.45 % Share-based compensation 0.05 % 0.39 % 0.10 % Other items, net (0.01) % (0.13) % 0.27 % Effective income tax rate 29.59 % 29.71 % 29.82 % The following table presents the components of the net deferred tax assets recognized in the accompanying consolidated balance sheets as of the dates indicated: December 31, ($ in thousands) 2021 2020 Deferred tax assets: Allowance for loan losses $ 6,609 $ 7,790 Share-based compensation 303 335 Loans held-for-sale market adjustment 2,445 419 Operating lease liabilities 2,198 2,485 State tax benefit 1,365 822 Other 360 447 Total deferred tax assets 13,280 12,298 Deferred tax liabilities: Depreciation on premises and equipment 208 394 Unrealized gain on investment securities 4 754 Deferred loan origination costs 177 732 Operating lease assets 2,004 2,238 Other 63 60 Total deferred tax liabilities 2,456 4,178 Deferred tax assets, net $ 10,824 $ 8,120 The Company had no valuation allowance for deferred tax assets as of December 31, 2021 and 2020. Based upon the level of historical taxable income and projections for future taxable income over the periods in which the temporary differences become deductible, management believes it is more likely than not that the Company will realize the benefits of these deferred tax assets, and a valuation allowance was not necessary as of December 31, 2021 and 2020. At December 31, 2021 and 2020, the Company had no unrecognized tax benefits or related accrued interest. In the event the Company is assessed interest and/or penalties by federal or state tax authorities, such amounts will be classified in the consolidated financial statements as income taxes. The Company does not expect the total amount of unrecognized tax benefit to significantly increase or decrease in the next twelve months. The Company and the Bank are subject to U.S. federal and various state jurisdictions income tax examinations. As of December 31, 2021, the Company is no longer subject to examination by taxing authorities for tax years before 2018 for federal taxes and before 2017 for various state jurisdictions. The statute of limitations vary by state, and state taxes other than California have been immaterial to the Company’s financial results.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2021
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The following is a reconciliation of net income and shares outstanding to the income and number of share used to compute earnings per share for the periods indicated: Year Ended December 31, ($ in thousands, except per share) 2021 2020 2019 Basic earnings per share: Net income $ 40,103 $ 16,175 $ 24,108 Less: income allocated to unvested restricted stock (156) (37) (22) Net income allocated to common stock $ 39,947 $ 16,138 $ 24,086 Weighted-average total common shares outstanding 15,076,183 15,419,455 15,887,566 Less: weighted-average unvested restricted stock (58,546) (35,224) (14,183) Weighted-average common shares outstanding, basic 15,017,637 15,384,231 15,873,383 Basic earnings per share $ 2.66 $ 1.05 $ 1.52 Diluted earnings per share: Net income allocated to common stock $ 39,947 $ 16,138 $ 24,086 Weighted-average commons shares outstanding 15,017,637 15,384,231 15,873,383 Diluted effect of stock options 236,183 64,661 298,899 Diluted weighted-average common shares outstanding 15,253,820 15,448,892 16,172,282 Diluted earnings per share $ 2.62 $ 1.04 $ 1.49 There were 65,000, 601,019, and 155,000 stock options excluded in computing diluted earnings per share because they were anti-dilutive for years ended December 31, 2021, 2020, and 2019, respectively.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 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. The following table presents outstanding financial commitments whose contractual amount represents credit risk as of the dates indicated: December 31, 2021 2020 ($ in thousands) Fixed Rate Variable Rate Fixed Rate Variable Rate Unused lines of credit $ 8,261 $ 160,739 $ 6,623 $ 150,247 Unfunded loan commitments 595 29,688 1,752 34,874 Standby letters of credit 3,078 1,431 2,971 1,814 Commercial letters of credit 91 524 — — Total $ 12,025 $ 192,382 $ 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 reserve for off-balance sheet items of $214 thousand and $238 thousand, respectively, at December 31, 2021 and 2020. 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. The U.S. government has enacted a number of monetary and fiscal policies to provide fiscal stimulus and relief in order to mitigate the impact of the COVID-19 pandemic. However, the COVID-19 pandemic continues to be a challenge to public health, including the emergence of new variants, and impact global economic and market conditions, including global supply chain disruptions and high inflation. Network and Data Incident On August 30, 2021, the Bank identified unusual activity on its network. The Bank responded promptly to disable the activity, investigate its source and monitor the Bank’s network. The Bank subsequently became aware of claims that it had been the target of a ransomware attack. On September 7, 2021, the Bank determined that an external actor had illegally accessed and/or acquired certain data on its network. The Bank has been working with third-party forensic investigators to understand the nature and scope of the incident and determine what information may have been accessed and/or acquired and who may have been impacted. The investigation revealed that this incident impacted certain files containing certain Bank customer information. Some of these files contained documents related to loan applications, such as tax returns, Form W-2 information of their employees, and payroll records. The Bank has notified all individuals identified as impacted, consistent with applicable laws. All impacted individuals were offered free Equifax Complete Premier credit monitoring and identify theft protection services. The Bank has notified law enforcement and appropriate authorities of the incident. On December 16, 2021, a complaint based on the incident was filed in the Los Angeles County Superior Court seeking damages, injunctive relief, and equitable relief. The Bank expresses no opinion on the merits of the Matter and intends to answer, respond, and/or otherwise vigorously defend itself from the claims and causes of action asserted in the complaint to the fullest extent permitted by applicable law. Those defenses will be based in part on the fact that the Bank has implemented security procedures, practices, and a robust information security program pursuant to guidance from financial regulators.

Regulatory Matters

Regulatory Matters	12 Months Ended
	Dec. 31, 2021
Other Commitments [Abstract]
Regulatory Matters	Regulatory Matters Under the Basel III rules, the Bank must hold a capital conservation buffer above the adequately capitalized risk-based capital ratios. The capital conservation buffer was fully phased in from 0.0% in 2015 to 2.50% by 2019. Management believes as of December 31, 2021 and 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” in 2018, which increased the threshold to $3 billion in assets, the Company is not currently subject to separate minimum capital measurements. At such time as the Company reaches the $3 billion asset level, it will again be subject to capital measurements independent of the Bank. For comparison purposes, the Company’s ratios are included in following discussion as well, all of which would have exceeded the “well-capitalized” level had the Company been subject to separate capital minimums. The Company and the Bank’s capital conservation buffer was 8.04% and 7.73%, respectively, as of December 31, 2021, and 9.22% and 8.95%, respectively, as of December 31, 2020. Unrealized gain or loss on securities available-for-sale is not included in computing regulatory capital. The following table presents the regulatory capital amounts and ratios for the Company and the Bank as of dates indicated: Actual Minimum Capital Requirement To Be Well Capitalized Under Prompt Corrective Provisions ($ in thousands) Amount Ratio Amount Ratio Amount Ratio December 31, 2021 PCB Bancorp Common tier 1 capital (to risk-weighted assets) $ 255,650 14.79 % $ 77,762 4.5 % N/A N/A Total capital (to risk-weighted assets) 277,263 16.04 % 138,244 8.0 % N/A N/A Tier 1 capital (to risk-weighted assets) 255,650 14.79 % 103,683 6.0 % N/A N/A Tier 1 capital (to average assets) 255,650 12.11 % 84,445 4.0 % N/A N/A Pacific City Bank Common tier 1 capital (to risk-weighted assets) $ 250,145 14.48 % $ 77,761 4.5 % $ 112,321 6.5 % Total capital (to risk-weighted assets) 271,757 15.73 % 138,241 8.0 % 172,801 10.0 % Tier 1 capital (to risk-weighted assets) 250,145 14.48 % 103,681 6.0 % 138,241 8.0 % Tier 1 capital (to average assets) 250,145 11.85 % 84,443 4.0 % 105,554 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 % On December 16, 2021, the Treasury informed the Company, that the Treasury has reviewed the Company’s application to receive a capital investment from the Treasury under the ECIP, and that the Company would be eligible to receive an ECIP investment in an amount up to approximately $69.1 million in the form of non-dilutive Tier 1 senior perpetual preferred capital. The Company determined to accept the offer to receive the ECIP investment for the full amount and it expects to close in the second quarter of 2022, both of which are subject to final determination by the U.S. Treasury. Established by the Consolidated Appropriations Act, 2021, the ECIP was created to encourage low- and moderate-income community financial institutions and minority depository institutions such as the Bank to augment their efforts to support small businesses and consumers in their communities. The California Financial Code provides that a bank may not make a cash distribution to its shareholders in excess of the lesser of the bank’s undivided profits or the bank’s net income for its last three fiscal years less the amount of any distribution made to the bank’s shareholder during the same period. As a California corporation, the Company is subject to the limitations of California law, which allows a corporation to distribute cash or property to shareholders, including a dividend or repurchase or redemption of shares, if the corporation meets either a retained earnings test or a “balance sheet” test. Under the retained earnings test, the Company may make a distribution from retained earnings to the extent that its retained earnings exceed the sum of (a) the amount of the distribution plus (b) the amount, if any, of dividends in arrears on shares with preferential dividend rights. The Company may also make a distribution if, immediately after the distribution, the value of its assets equals or exceeds the sum of (a) its total liabilities plus (b) the liquidation preference of any shares which have a preference upon dissolution over the rights of shareholders receiving the distribution. Indebtedness is not considered a liability if the terms of such indebtedness provide that payment of principal and interest thereon are to be made only if, and to the extent that, a distribution to shareholders could be made under the balance sheet test. The Federal Reserve, the FDIC and 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	12 Months Ended
	Dec. 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: Year Ended December 31, ($ in thousands) 2021 2020 2019 Noninterest income in-scope of Topic 606 Service charges and fees on deposits: Monthly service fees $ 81 $ 91 $ 113 Account analysis fees 885 860 972 Non-sufficient funds charges 165 228 364 Other deposit related fees 64 77 95 Total service charges and fees on deposits 1,195 1,256 1,544 Debit card fees 306 252 272 Gain (loss) on sale of other real estate owned 74 9 (1) Wire transfer fees 596 530 515 Other service charges 198 184 221 Total $ 2,369 $ 2,231 $ 2,551

Condensed Financial Statements

Condensed Financial Statements for Parent Company	12 Months Ended
	Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract]
Condensed Financial Statements for Parent Company	Condensed Financial Statements for Parent Company The parent company’s condensed statements of financial condition as of December 31, 2021 and 2020, and the related condensed statements of income and comprehensive income, and condensed statements of cash flows for the years ended December 31, 2021, 2020, and 2019 are presented below: Condensed Balance Sheets December 31, ($ in thousands) 2021 2020 Assets Cash $ 5,451 $ 3,873 Investment in Pacific City Bank 250,780 229,871 Other assets 55 44 Total assets $ 256,286 $ 233,788 Liabilities and Shareholders’ Equity Total liabilities — — Total shareholders’ equity 256,286 233,788 Total liabilities and shareholders’ equity $ 256,286 $ 233,788 Condensed Statements of Income and Comprehensive Income Year Ended December 31, ($ in thousands) 2021 2020 2019 Income: Dividends from subsidiary $ 18,375 $ 13,600 $ 11,950 Other income — — — Total income 18,375 13,600 11,950 Expense: Other expense 753 798 835 Total expense 753 798 835 Income before taxes and equity in undistributed subsidiary income 17,622 12,802 11,115 Income tax benefit (223) (234) (245) Income before equity in undistributed subsidiary income 17,845 13,036 11,360 Equity in undistributed subsidiary income 22,258 3,139 12,748 Net income 40,103 16,175 24,108 Other comprehensive income (loss), net of tax (1,802) 2,013 1,590 Comprehensive income $ 38,301 $ 18,188 $ 25,698 Condensed Statements of Cash Flows Year Ended December 31, ($ in thousands) 2021 2020 2019 Cash flows from operating activities Net income $ 40,103 $ 16,175 $ 24,108 Adjustments to reconcile net income to net cash provided by operating activities: Equity in undistributed subsidiary income (22,258) (3,139) (12,748) Change in other assets (11) 47 (40) Change in other liabilities — — (19) Net cash provided by operating activities 17,834 13,083 11,301 Cash flows from investing activities: Capital contribution to subsidiary — — — Net cash used in investing activities — — — Cash flows from financing activities: Restricted stock surrendered due to employee tax liability (4) (2) — Repurchase of common stock (10,876) (6,487) (6,480) Stock options exercised 1,279 693 626 Cash dividends paid on common stock (6,655) (6,153) (3,962) Net cash used in financing activities (16,256) (11,949) (9,816) Net increase in cash and cash equivalents 1,578 1,134 1,485 Cash and cash equivalents at beginning of year 3,873 2,739 1,254 Cash and cash equivalents at end of year $ 5,451 $ 3,873 $ 2,739

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2021
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Dividend Declared on Common Stock. On January 27, 2022, the Company’s Board of Directors declared a quarterly cash dividend of $0.15 per common share for the first quarter of 2022. The dividend was paid on February 18, 2022, to shareholders of record as of the close of business on February 11, 2022. The Company has evaluated the effects of events that have occurred subsequent to December 31, 2021 through the issuance date of these consolidated financial statements. Other than the event described above, there have been no material events that would require disclosure in the consolidated financial statements or in the notes to the consolidated financial statements.

Basis of Presentation and Sig_2

Basis of Presentation and Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Principles of Consolidation	The consolidated financial statements include the accounts of the Company and its wholly owned subsidiary as of December 31, 2021 and 2020 and for the years ended December 31, 2021, 2020 and 2019. Significant inter-company accounts and transactions have been eliminated in consolidation. Unless the context requires otherwise, all references to the Company include its wholly owned subsidiaries.
Basis of Presentation	The accounting and reporting polices of the Company are based upon GAAP and conform to predominant practices within the financial services industry. Significant accounting policies followed by the Company are presented below. Certain prior period amounts have been reclassified to conform to the current year’s presentation. These reclassifications had no impact on the Company’s consolidated statements of financial condition or operations.
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.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include cash on hand, cash items in transit, cash due from the Federal Reserve Bank and other financial institutions, and federal funds sold with original maturities less than 90 days.
Investment Securities	Investment Securities Investment securities are classified as held-to-maturity or available-for-sale at the time of purchase based upon the intent of management, liquidity and capital requirements, regulatory limitations and other relevant factors. Debt securities are classified as held-to-maturity when management has the positive intent and ability to hold to maturity. Debt securities are classified as available-for-sale when they might be sold before maturity. Securities held-to-maturity are carried at amortized cost and securities available-for-sale are carried at fair value with unrealized gains and losses, net of taxes, recorded in other comprehensive income. 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 its 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. Gains and losses on sales of securities are determined using the specific identification method. Net realized gains or losses on available-for-sale securities are included in noninterest income and, when applicable, are reported as a reclassification adjustment, net of tax, in other comprehensive income. Amortization of premiums and accretion of discounts are included in interest income using the effective interest method. Management evaluates securities for OTTI at least on a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. For securities in an unrealized loss position, management considers the extent and duration of the unrealized loss, and the financial condition and near-term prospects of the issuer. Management also assesses whether it intends to sell, or it is more likely than not that it will be required to sell, a security in an unrealized loss position before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the entire difference between amortized cost and fair value is recognized as impairment through earnings. For debt securities that do not meet the aforementioned criteria, the amount of impairment is split into two components as follows: OTTI related to credit loss, which is recognized as a charge against earnings, and OTTI related to other factors, which is recognized in other comprehensive income, net of tax. The credit loss is defined as the difference between the present value of the cash flows expected to be collected and the amortized cost basis.
Loans Held-For-Sale	Loans Held-For-Sale The Company originates SBA loans, and certain residential property and commercial property loans with the intention for sale in the secondary market. The Company records the guaranteed portion of SBA loans and these residential property and commercial property loans held-for-sale at the lower of cost or fair value on an aggregate basis. Fair value is based on commitments on hand from investors or prevailing market prices. A valuation allowance is established if the fair value of such loans is lower than their cost, with a corresponding charge to noninterest income. When the Company changes its intent to hold loans for investment, the loans are transferred to held-for-sale at lower of cost or fair value at the time of transfer, as determined on an individual loan level with charges made to allowance for loan losses when the fair value is lower than the cost. Deferred fees and cost on transferred loans are included in the determination of gains or losses on sale of the related loans. Subsequent decreases in fair value, if any, are recognized through a valuation allowance with charges made to noninterest income. If a determination is made that a loan held-for-sale cannot be sold in the foreseeable future, it is transferred to loans held-for-investment at lower of cost or fair value on the transfer date with a charge made to noninterest income when the fair value is lower than the cost. Realized gains and losses from sales of loans are included in noninterest income. For sales of guaranteed portion of SBA and certain residential property loans, the loan servicing rights are retained.
Loans Held-For-Investment	Loans Held-For-Investment Loans held-for-investment that management has the intent and ability to hold for the foreseeable future are reported at their outstanding unpaid principal balances, net of any charge-offs, deferred fees or costs on originated loans, or unamortized premiums or discounts on purchased loans. Loan origination fees and certain direct origination costs are deferred and recognized in interest income using the effective interest method over the life of the loan. Interest is accrued and credited to income as earned only if deemed collectible. Loans on which the accrual of interest has been discontinued are designated as nonaccrual loans. Accrual of interest on loans is discontinued when principal or interest payment is 90 days past due based on the contractual terms of the loan or when, in the opinion of management, there is reasonable doubt as to collectability. When loans are placed on nonaccrual status, all interest previously accrued but not collected is reversed against current period interest income. Past-due status is based on the contractual terms of the loan. Interest payments that are subsequently received are applied as a reduction to the remaining principal balance as long as concern exists as to the collectability of the principal. Interest accruals are resumed on such loans only when the loans are brought current with respect to interest and principal and when, in the judgment of management, all principal and interest on the loans are expected to be fully collectable. Loan portfolio segments identified by the Company include: real estate (commercial property, residential property, SBA property and construction), commercial and industrial (commercial term, commercial lines of credit, and SBA commercial term), and other consumer loans. Risks associated with the Company’s real estate loans include a decline in the economy and a reduction in real estate values in the Company’s primary markets, an increase in market interest rates, increased competition in pricing and loan structure, and environmental risks. Risks associated with the Company’s commercial and industrial loans include a decline in the economy in the primary markets, an increase in market interest rates, and deterioration of a borrower’s or guarantor’s financial capabilities. Risk associated with the Company’s other consumer loans include the same risks associated with the commercial and industrial loans, but also includes risks related to consumer bankruptcy laws which allow consumers to discharge certain debts. 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.
Loans Insured Or Guaranteed by Government Authorities	Small Business Administration Paycheck Protection Program : U.S. SBA launched the 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 PPP loans funded during the year ended December 31, 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. SBA PPP loans funded during the year ended December 31, 2021 have a maturity of five years. As of December 31, 2021 and 2020, the Company had 354 and 1,585 SBA PPP loans totaling $65.3 million and $135.7 million, net of unamortized deferred fees and costs, respectively. As of December 31, 2021, the Company recognized $181.8 million in forgiveness. The Company amortizes these deferred fees and costs without prepayment assumption using the contractual lives of SBA PPP loans.
Allowance for Loan Losses	Allowance for Loan Losses Allowance for loan losses is a valuation allowance for probable incurred credit losses. Loan losses are charged against the allowance when management believes the loan is uncollectible. Subsequent recoveries, if any, are credited to the allowance. Management estimates the allowance balance required using past loan loss experience, the nature and volume of the portfolio, information about specific borrower situations and estimated collateral values, economic conditions, and other factors. Allocations of the allowance may be made for specific loans, but the entire allowance is available for any loan that, in management’s judgment, should be charged-off. Amounts are charged-off when available information confirms that specific loans or portions thereof, are uncollectible. Generally, loans are charged off immediately when it is determined that advances to the borrower are in excess of the calculated current fair value of the collateral and if a borrower is deemed incapable of repayment of unsecured debt, there is little or no prospect for near term improvement and no realized strengthening action of significance pending. Other consumer loans are charged off based on delinquency, typically 120 days for closed loans and 180 days for open-end loans, or earlier when it is determined that the loan is uncollectible due to a triggering event, such as bankruptcy, fraud, or death. This methodology for determining charge-offs is consistently applied to each segment. The allowance consists of general reserves (collectively evaluated for impairment) and specific reserves (individually evaluated for impairment). General reserves cover non-impaired loans and are based on historical loss rates over the most recent four years for each portfolio segment, adjusted for the effects of qualitative or environmental factors that are likely to cause estimated credit losses as of the evaluation date to differ from the portfolio segment’s historical loss experience. The Company utilizes a migration analysis to measure actual historical loss experience, with the resulting historical loss rate adjusted for any applicable loss emergence period factors serving as the base loss rate to estimate the amount of appropriate loss reserve. Qualitative factors include consideration of the following: changes in lending policies and procedures; changes in economic conditions; changes in the nature and volume of the portfolio; changes in the experience, ability, and depth of lending management and other relevant staff; changes in the volume and severity of past due, nonaccrual, and other adversely graded loans; changes in the loan review system; changes in the value of the underlying collateral for collateral-dependent loans; concentrations of credit and the effect of other external factors such as competition and legal and regulatory requirements. Specific reserves relate to loans that are individually classified as impaired. A loan is impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. Factors considered in determining impairment include payment status, collateral value, and the probability of collecting all amounts when due. Measurement of impairment is based on the expected future cash flows of an impaired loan, which are to be discounted at the loan’s effective interest rate, or measured by reference to an observable market value, if one exists, or the fair value of the collateral for a collateral-dependent loan. The Company selects the measurement method on a loan-by-loan basis, with the exception of collateral-dependent loans for which the most viable source of repayment is the continued operation of the collateral or liquidation of the collateral. The impairment for these loans are measured at the fair value of the collateral, less estimated selling cost. If a loan is impaired, the loan is reported, net of the allocated allowance, at the present value of estimated future cash flows using the loan’s effective interest rate or at the fair value of collateral if repayment is expected solely from the collateral. Interest payments received on impaired loans are first applied to principal, then recognized as income based on existing methods to recognize income on nonaccrual loans. Loans for which the terms have been modified resulting in a concession, and for which the borrower is experiencing financial difficulties, are considered TDRs and classified as impaired with measurement of impairment as described above.
Premises and Equipment	Premises and Equipment Premises and equipment are carried at cost less accumulated depreciation and amortization. Depreciation is computed using the straight-line method over the estimated useful lives, which ranges from three
Operating Leases	Operating Leases The Company’s operating leases are for its headquarters office spaces, and retail branch and LPO locations. Most leases include one or more options to renew, with renewal terms that can extend the lease term from one five
Federal Home Loan Bank and Other Restricted Stock	Federal Home Loan Bank and Other Restricted StockThe Bank is a member of the FHLB and Pacific Coast Bankers’ Bancshares (“PCBB”) system. Members are required to own a certain amount of stock based on the level of borrowings and other factors, and may invest in additional amounts. FHLB and PCBB stock is carried at cost, classified as a restricted security, and periodically evaluated for impairment based on the ultimate recovery of par value. Both cash and stock dividends are reported as income.
Other Real Estate Owned	Other Real Estate Owned OREO represents properties acquired through foreclosure or other proceedings. 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. Any write-down to fair value at the time of transfer to OREO is charged to allowance for loan losses. Property is evaluated regularly to ensure the recorded amount is supported by its current fair value and valuation allowances to reduce the carrying amounts to fair value less estimated costs to dispose are recorded as necessary. Additions to or reductions from valuation allowances are recorded in noninterest expense.
Servicing Assets	Servicing Assets Servicing assets are recognized when servicing rights are retained from the sale of loans, such as sales of the guaranteed portion of SBA and certain residential property loans, and are initially recorded at fair value. Fair value is calculated as the present value of estimated future cash flows from the servicing rights based on current market sources, such as the cost to service, discount rates, and prepayment speeds. Servicing assets are amortized into noninterest income over the expected life of the underlying loans. Servicing assets are evaluated for impairment based on the fair value of the servicing rights as compared to the carrying amount. Impairment is determined by stratifying servicing rights into groupings based on predominant risk characteristics, such as collateral type. For purposes of measuring impairment, the Company has identified each servicing asset with the underlying loan being serviced. A valuation allowance is recorded when the fair value is below the carrying amount of the asset. If the Company later determines that all or a portion of the impairment no longer exists for a particular grouping, a reduction of the valuation allowance may be recorded as an increase to income. The fair values of servicing assets are subject to significant fluctuations as a result of changes in estimated and actual prepayment speeds and changes in discount rates. Servicing income as reported on the income statement consists of fees earned for servicing loans, net of the amortization of servicing assets and changes in the valuation allowance. The servicing fees are based on a contractual percentage of the outstanding principal and recorded as income when earned.
Investments in Qualified Affordable Housing Projects	Investment in Qualified Affordable Housing Projects The Company has invested in a limited partnership that operates qualified affordable housing projects for lower income tenants in California. The Company accounts for this investment under the proportional amortization method and the amortization expense is presented as a component of current tax expense. Return of this investment is generated primarily through allocated federal tax credits and other tax benefits. The recorded investment amount was $1.6 million and $1.9 million, respectively, and unfunded commitments were $51 thousand and $57 thousand, respectively, at December 31, 2021 and 2020. The recorded investment amount is included in Other Assets and unfunded commitment is included in Accrued Interest Payable and Other Liabilities on the Consolidated Statements of Financial Condition. As components of income tax expense, the Company recognized amortizations of $247 thousand, $240 thousand and $261 thousand, respectively, and federal tax credits and other benefits of $299 thousand, $300 thousand and $304 thousand, respectively, for the years ended December 31, 2021, 2020 and 2019. The Company determined that there were no events or changes in circumstances indicating that it is more likely than not that the carrying amount of the investment will not be realized. Therefore, no impairment was recorded at December 31, 2021 and 2020.
Bank-Owned Life Insurance	Bank-owned Life Insurance The Company purchased life insurance policies on certain officers and directors during the year ended December 31, 2021. The Bank and named beneficiaries of various current covered officers are the beneficiaries under each policy. In the event of the death of a covered officer, the Bank and named beneficiaries of the covered officer will receive the specified insurance benefit from the insurance carrier. Bank-owned life insurance is recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due, if any, that are probable at settlement.
Earnings Per Share	Earnings Per Share Earnings per share (“EPS”) is computed under the two-class method. Net income allocated to common stock is computed by subtracting income allocated to unvested restricted stock from net income. Income allocated to unvested restricted stock includes cash dividend paid and undistributed income available to holders of unvested restricted stock, if any. Basic EPS is computed by dividing net income allocated to common stock by the weighted-average common shares outstanding excluding the weighted-average unvested restricted stock. Diluted EPS is computed by dividing net income allocated to common stock by the weighted-average common stock outstanding, excluding the weighted-average unvested restricted stock, adjusted for the dilutive effect of the stock options. Diluted EPS reflects the potential dilution that could occur if options or other contracts to issue common stock were exercised or converted into common stock, or resulted in the issuance of common stock that then shared in the earnings of the entity.
Transfers of Financial Assets	Transfer of Financial Assets Transfers of financial assets are accounted for sales, when control over the assets has been relinquished. Control over transferred assets is deemed to be surrendered when the assets have been isolated from the Company, the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity.
Share-Based Compensation	Share-Based CompensationThe Company recognizes the cost of employee services received in exchange for stock options and restricted stock awards (“RSAs”), based on the grant date fair value of those awards. A Black-Scholes model is utilized to estimate the fair value of stock options, while the market price of the Company's common stock at the date of grant is used for RSAs. This cost is recognized in income over the period which an employee is required to provide services in exchange for the award, generally the vesting period.
Income Taxes	Income Taxes Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the consolidated financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. The Company recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. Interest and penalties related to unrecognized tax benefits are recorded as part of income tax expense. A valuation allowance is established to reduce the deferred tax asset to the level at which it is more likely than not that the tax benefits will be realized. Realization of tax benefits of deductible temporary differences and carryforwards depends on having sufficient taxable income of an appropriate character and in the appropriate periods.
Commitments and Contingencies	Commitments and Contingencies In the ordinary course of business, the Company enters into off-balance sheet financial instruments consisting of commitments to extend credit, commercial letters of credit, and standby letters of credit as described in Note 16. Such financial instruments are recorded in the consolidated financial statements when they are funded or related fees are incurred or received.
Revenue Recognition	Revenue Recognition Topic 606, “Revenue from Contracts with Customers,” does not apply to revenue associated with financial instruments, including revenue from loans and securities. In addition, certain noninterest income streams such as gain or loss associated with mortgage servicing assets and financial guarantees are also not within the scope. Topic 606 is applicable to noninterest income such as deposit related fees, interchange fees, and merchant related income. Noninterest income considered to be within the scope of Topic 606 is discussed below. Service charges and fees on deposits : Deposit account service charges consist of monthly service fees, account analysis fees, non-sufficient funds (“NSF”) charges and other deposit related fees. The Company’s performance obligation for account analysis fees and monthly service fees is generally satisfied, and the related revenue recognized, over the period in which the service is provided. NSF charges, and other deposit account service charges are largely transactional based, and therefore, the Company’s performance obligation is satisfied, and related revenue recognized, at a point in time as incurred. Debit card fees : When customers use their debit cards to pay merchants for goods or services, the Company retains a fee from the funds collected from the related deposit account and transfers the remaining funds to the payment network for remittance to the merchant. The performance obligation to the merchant is satisfied and the fee is recognized at the point in time when the funds are collected and transferred to the payment network. Gain (loss) on sale of other real estate owned : The Company’s performance obligation for sale of OREO is the transfer of title and ownership rights of the OREO to the buyer, which occurs at the settlement date when the sale proceeds are received and income is recognized. Wire transfer fees and other service charges : Wire transfer fees and other service charges are transaction based, and therefore, the Company’s performance obligation is satisfied, and related revenue recognized, at a point in time as incurred.
Fair Value Measurement	Fair Value Measurement 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. Current accounting guidance establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs when measuring fair value. The guidance describes three levels of inputs that may be used to measure fair value: • 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.
Adopted Accounting Pronouncements and Recent Accounting Pronouncements Not Yet Adopted	Adopted Accounting Pronouncements During the year ended December 31, 2021, there were no significant accounting pronouncements applicable to the Company that became effective. Recent Accounting Pronouncements Not Yet Adopted The following are recently issued accounting pronouncements applicable to the Company that have not yet been adopted: In June 2016, the FASB issued ASU 2016-13, “Financial Instruments-Credit Losses (Topic 326).” The amendments in this ASU require that entities change the impairment model for most financial assets that are measured at amortized cost and certain other instruments from an incurred loss model to an expected loss model. Under this model, entities will estimate credit losses over the entire contractual term of the instrument from the date of initial recognition of that instrument. It includes financial assets such as loan receivables, held-to-maturity debt securities, net investment in leases that are not accounted for at fair value through net income, and certain off-balance sheet credit exposures. This ASU is effective for public business entities that are SEC filers for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. 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. The Company has formed a committee, developed an implementation plan, and engaged a software vendor to assist the Company to build a model. The Company is in the process of completing a readiness assessment and is engaged in the implementation phase of the project. The Company is working on: (i) developing a new expected loss model with supportable assumptions; (ii) identifying data, reporting, and disclosure gaps; (iii) assessing updates to accounting and credit risk policies; and (iv) documenting new processes and controls. Based on the Company’s initial assessment of this ASU, the Company expects to recognize a one-time cumulative effect adjustment to the allowance for loan losses which could potentially have a material impact on its consolidated financial statements as of the beginning of the first reporting period in which this ASU is effective.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 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 Significant Other Observable Inputs Significant Unobservable Inputs Total December 31, 2021 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Mortgage-backed securities $ — $ 84,713 $ — $ 84,713 Collateralized mortgage obligations — 19,056 — 19,056 SBA loan pool securities — 8,672 — 8,672 Municipal bonds — 5,686 — 5,686 Corporate bonds — 5,071 — 5,071 Total securities available-for-sale — 123,198 — 123,198 Total assets measured at fair value on a recurring basis $ — $ 123,198 $ — $ 123,198 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: Mortgage-backed securities $ — $ 76,154 $ — $ 76,154 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 Significant Other Observable Inputs Significant Unobservable Inputs Total December 31, 2021 Impaired loans: SBA property $ — $ — $ 17 $ 17 Total impaired loans — — 17 17 Total assets measured at fair value on a non-recurring basis $ — $ — $ 17 $ 17 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 $ — $ — $ — $ — For assets measured at fair value, the following table presents the total net losses, which include charge-offs, recoveries, specific reserves, impairment on servicing assets, gain (loss) on sale of OREO, and OREO valuation write-downs recorded for the periods indicated: Year Ended December 31, ($ in thousands) 2021 2020 2019 Collateral dependent impaired loans: SBA property $ (8) $ (138) $ (31) Commercial lines of credit 136 (720) (2,475) SBA commercial property (5) (221) — Other real estate owned 73 9 (18) Net gain (losses) recognized $ 196 $ (1,070) $ (2,524)
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) December 31, 2021 Impaired loans: SBA property $ 17 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 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 December 31, 2021 Financial assets: Interest-bearing deposits in other financial institutions $ 188,063 $ 188,063 $ 188,063 $ — $ — Securities available-for-sale 123,198 123,198 — 123,198 — Loans held-for-sale 37,026 41,079 — 41,079 — Net loans held-for-investment 1,709,824 1,725,022 — — 1,725,022 FHLB and other restricted stock 8,577 N/A N/A N/A N/A Accrued interest receivable 5,368 5,368 1 337 5,030 Financial liabilities: Deposits $ 1,867,134 $ 1,867,635 $ — $ — $ 1,867,635 FHLB advances 10,000 10,087 — 10,087 — Accrued interest payable 771 771 — 1 770 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)	12 Months Ended
	Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Amortized Cost and Fair Value of Available-For-Sale Investment Securities	The following table presents the amortized cost and fair value of the investment securities as of the dates indicated: ($ in thousands) Amortized Cost Gross Unrealized Gain Gross Unrealized Loss Fair Value December 31, 2021 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Mortgage-backed securities $ 85,346 $ 625 $ (1,258) $ 84,713 Collateralized mortgage obligations 18,990 113 (47) 19,056 SBA loan pool securities 8,520 156 (4) 8,672 Municipal bonds 5,329 357 — 5,686 Corporate bonds 5,000 71 — 5,071 Total securities available-for-sale $ 123,185 $ 1,322 $ (1,309) $ 123,198 December 31, 2020 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Mortgage-backed securities $ 74,622 $ 1,558 $ (26) $ 76,154 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
Amortized Cost and Fair Value of Held-To-Maturity Investment Securities	The following table presents the amortized cost and fair value of the investment securities as of the dates indicated: ($ in thousands) Amortized Cost Gross Unrealized Gain Gross Unrealized Loss Fair Value December 31, 2021 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Mortgage-backed securities $ 85,346 $ 625 $ (1,258) $ 84,713 Collateralized mortgage obligations 18,990 113 (47) 19,056 SBA loan pool securities 8,520 156 (4) 8,672 Municipal bonds 5,329 357 — 5,686 Corporate bonds 5,000 71 — 5,071 Total securities available-for-sale $ 123,185 $ 1,322 $ (1,309) $ 123,198 December 31, 2020 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Mortgage-backed securities $ 74,622 $ 1,558 $ (26) $ 76,154 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
Amortized Cost and Fair Value By Contractual Maturity Date	The following table presents the amortized cost and fair value of the investment securities by contractual maturity as of December 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 $ 305 $ 307 One to five years 1,851 1,901 Five to ten years 5,830 5,917 Greater than ten years 2,343 2,632 Mortgage-backed securities, collateralized mortgage obligations and SBA loan pool securities 112,856 112,441 Total $ 123,185 $ 123,198
Realized Gain (Loss) on Investments	The following table presents proceeds from sales and calls of securities available-for-sale and the associated gross gains and losses realized through earnings upon the sales and calls of securities available-for-sale for the periods indicated: Year Ended December 31, ($ in thousands) 2021 2020 2019 Gross realized gains on sales and calls of securities available-for-sale $ — $ — $ 786 Gross realized losses on sales and calls of securities available-for-sale — — — Net realized gains on sales and calls of securities available-for-sale $ — $ — $ 786 Proceeds from sales and calls of securities available-for-sale $ — $ 185 $ 33,627 Tax expense on sales and calls of securities available-for-sale $ — $ — $ 234
Schedule of Unrealized Loss on Security Type	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 December 31, 2021 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Mortgage-backed securities $ 46,945 $ (931) 32 $ 8,885 $ (327) 5 $ 55,830 $ (1,258) 37 Collateralized mortgage obligations 2,897 (47) 4 — — — 2,897 (47) 4 SBA loan pool securities — — — 156 (4) 1 156 (4) 1 Total securities available-for-sale $ 49,842 $ (978) 36 $ 9,041 $ (331) 6 $ 58,883 $ (1,309) 42 December 31, 2020 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Mortgage-backed securities $ 5,773 $ (26) 4 $ — $ — — $ 5,773 $ (26) 4 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)	12 Months Ended
	Dec. 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: December 31, ($ in thousands) 2021 2020 Real estate loans: Commercial property $ 1,105,843 $ 880,736 Residential property 209,485 198,431 SBA property 129,661 126,570 Construction 8,252 15,199 Total real estate loans 1,453,241 1,220,936 Commercial and industrial loans: Commercial term 73,438 87,250 Commercial lines of credit 100,936 96,087 SBA commercial term 17,640 21,878 SBA PPP 65,329 135,654 Total commercial and industrial loans 257,343 340,869 Other consumer loans 21,621 21,773 Loans held-for-investment 1,732,205 1,583,578 Allowance for loan losses (22,381) (26,510) Net loans held-for-investment $ 1,709,824 $ 1,557,068
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 Consumer Total Balance at January 1, 2019 $ 9,104 $ 3,877 $ 186 $ 13,167 Charge-offs (31) (3,350) (198) (3,579) Recoveries on loans previously charged off 6 378 171 555 Provision for loan losses 775 3,449 13 4,237 Balance at December 31, 2019 9,854 4,354 172 14,380 Charge-offs (175) (1,104) (250) (1,529) Recoveries on loans previously charged off 58 236 146 440 Provision for loan losses 9,157 3,736 326 13,219 Balance at December 31, 2020 18,894 7,222 394 26,510 Charge-offs (24) (115) (88) (227) Recoveries on loans previously charged off 63 565 66 694 Reversal for loan losses (2,136) (2,362) (98) (4,596) Balance at December 31, 2021 $ 16,797 $ 5,310 $ 274 $ 22,381 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 Consumer Total December 31, 2021 Allowance for loan losses: Individually evaluated for impairment $ — $ — $ — $ — Collectively evaluated for impairment 16,797 5,310 274 22,381 Total $ 16,797 $ 5,310 $ 274 $ 22,381 Loans receivable: Individually evaluated for impairment $ 1,314 $ 221 $ — $ 1,535 Collectively evaluated for impairment 1,451,927 257,122 21,621 1,730,670 Total $ 1,453,241 $ 257,343 $ 21,621 $ 1,732,205 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 December 31, 2021 Real estate loans: Commercial property $ 1,092,253 $ 11,739 $ 1,851 $ — $ 1,105,843 Residential property 209,485 — — — 209,485 SBA property 127,518 251 1,892 — 129,661 Construction 8,252 — — — 8,252 Commercial and industrial loans: Commercial term 68,626 3,698 1,114 — 73,438 Commercial lines of credit 98,785 2,151 — — 100,936 SBA commercial term 17,111 253 276 — 17,640 SBA PPP 65,329 — — — 65,329 Other consumer loans 21,586 — 35 — 21,621 Total $ 1,708,945 $ 18,092 $ 5,168 $ — $ 1,732,205 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 93,884 1,299 904 — 96,087 SBA commercial term 20,922 281 675 — 21,878 SBA PPP 135,654 — — — 135,654 Other consumer loans 21,707 — 66 — 21,773 Total $ 1,556,987 $ 16,461 $ 10,130 $ — $ 1,583,578 ($ in thousands) Pass Special Mention Substandard Doubtful Total 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 December 31, 2021 Real estate loans: Residential property $ 461 $ — $ — $ — $ 461 SBA property — — — 746 746 Commercial and industrial loans: SBA commercial term — — — 213 213 Other consumer loans 88 5 — 35 128 Total $ 549 $ 5 $ — $ 994 $ 1,548 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 December 31, 2021 Real estate loans: Commercial property $ 326 $ 325 $ — $ — $ — SBA property 988 1,033 — — — Commercial and industrial loans: Commercial term 2 2 — — — SBA commercial term 219 227 — — — Total $ 1,535 $ 1,587 $ — $ — $ — 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 904 904 — — — SBA commercial term 593 633 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: Year Ended December 31, 2021 2020 2019 ($ in thousands) Average Recorded Investment Interest Income Average Recorded Investment Interest Income Average Recorded Investment Interest Income Real estate loans: Commercial property $ 329 $ 22 $ 467 $ 23 $ 170 $ 12 Residential property — — 47 — 38 — SBA property 1,105 16 1,459 17 1,685 41 Commercial and industrial loans: Commercial term 10 — 24 1 47 3 Commercial lines of credit — — 1,869 — 921 — SBA commercial term 364 1 499 1 224 9 Total $ 1,808 $ 39 $ 4,365 $ 42 $ 3,085 $ 65 The following presents a summary of interest foregone on impaired loans for the periods indicated: Year Ended December 31, ($ in thousands) 2021 2020 2019 Interest income that would have been recognized had impaired loans performed in accordance with their original terms $ 99 $ 256 $ 213 Less: interest income recognized on impaired loans on a cash basis (39) (42) (65) Interest income foregone on impaired loans $ 60 $ 214 $ 148
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: December 31, 2021 2020 ($ in thousands) Accruing Nonaccrual Total Accruing Nonaccrual Total Real estate loans: Commercial property $ 326 $ — $ 326 $ 333 $ — $ 333 SBA property 242 17 259 270 5 275 Commercial and industrial loans: Commercial term 2 — 2 18 — 18 SBA commercial term 6 — 6 13 — 13 Total $ 576 $ 17 $ 593 $ 634 $ 5 $ 639 Year Ended December 31, 2020 2019 ($ in thousands) Number of Loans Pre-Modification Recorded Investment Post-Modification Recorded Investment Number of Loans Pre-Modification Recorded Investment Post-Modification Recorded Investment Real estate loans: Commercial property — $ — $ — 1 $ 341 $ 341 SBA property — — — 2 254 254 Commercial and industrial loans: SBA commercial term 2 37 37 2 15 15 Total 2 $ 37 $ 37 5 $ 610 $ 610 The following table summarized the TDRs by modification type for the periods indicated: Principal (1) Principal and Interest (2) Total ($ in thousands) Number of Loans Pre-Modification Recorded Investment Number of Loans Pre-Modification Recorded Investment Number of Loans Pre-Modification Recorded Investment Year ended December 31, 2020: Commercial and industrial loans: SBA commercial term 2 $ 37 — $ — 2 $ 37 Total 2 $ 37 — $ — 2 $ 37 Year ended December 31, 2019: Real estate loans: Commercial property — $ — 1 $ 341 1 $ 341 SBA property 2 254 — — 2 254 Commercial and industrial loans: SBA commercial term 2 15 — — 2 15 Total 4 $ 269 1 $ 341 5 $ 610 (1) Includes forbearance payments, term extensions and principal deferments that modify the terms of the loan from principal and interest payment to interest only payment. (2) Includes principal and interest deferments or reductions.
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: Year Ended December 31, ($ in thousands) 2021 2020 2019 Real estate loans: Commercial property $ 8,563 $ — $ — Residential property 189 1,125 824 Commercial and industrial loans: SBA commercial term — 230 — Total $ 8,752 $ 1,355 $ 824 The following table presents a summary of loans held-for-sale transferred to loans held-for-investment for the periods indicated: Year Ended December 31, ($ in thousands) 2021 2020 2019 Real estate loans: Residential property $ — $ 697 $ — Total $ — $ 697 $ — The following table presents a summary of purchases of loans held-for-investment for the periods indicated: Year Ended December 31, ($ in thousands) 2021 2020 2019 Real estate loans: Residential property $ 2,139 $ — $ 1,539 Total $ 2,139 $ — $ 1,539 The following table presents a composition of loans held-for-sale as of the dates indicated: December 31, ($ in thousands) 2021 2020 Real estate loans: Residential property $ — $ 300 SBA property 33,603 1,411 Commercial and industrial loans: SBA commercial term 3,423 268 Total $ 37,026 $ 1,979

Premises and Equipment (Tables)

Premises and Equipment (Tables)	12 Months Ended
	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Schedule of Premises and Equipment	The following table presents a composition of premises and equipment as of the dates indicated: December 31, ($ in thousands) 2021 2020 Leasehold improvements $ 7,552 $ 7,848 Furniture, fixtures and equipment 3,770 3,772 Computer equipment 2,466 2,288 Computer software 1,484 1,385 Total premises and equipment 15,272 15,293 Less: accumulated depreciation (12,174) (11,245) Premises and equipment, net $ 3,098 $ 4,048

Operating Leases (Tables)

Operating Leases (Tables)	12 Months Ended
	Dec. 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: Year Ended December 31, ($ in thousands) 2021 2020 2019 Operating lease cost (1) $ 2,580 $ 2,617 $ 2,632 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases 2,760 2,776 2,705 Right-of-use assets obtained in exchange for lease obligations 1,459 950 1,616 (1) Included in Occupancy and Equipment on the Consolidated Statements of Income. The Company used the incremental borrowing rate based on the information available in determining the present value of lease payment. The following table presents supplemental balance sheet information related to leases as of December 31, 2021: December 31, ($ in thousands) 2021 2020 Operating leases: Operating lease assets $ 6,786 $ 7,616 Operating lease liabilities 7,444 8,455 Weighted-average remaining lease term 4.0 years 4.3 years Weighted-average discount rate 2.36 % 2.60 %
Maturities of Operating Lease Liabilities	The following table presets maturities of operating lease liabilities as of December 31, 2021: ($ in thousands) December 31, 2021 Maturities: 2022 $ 2,706 2023 2,230 2024 793 2025 753 2026 482 After 2026 710 Total lease payment 7,674 Imputed interest (230) Present value of operating lease liabilities $ 7,444

Servicing Assets (Tables)

Servicing Assets (Tables)	12 Months Ended
	Dec. 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: December 31, 2021 2020 ($ in thousands) Residential Property SBA Property SBA Commercial Term Residential Property SBA Property SBA Commercial Term Carrying amount $ 86 $ 6,701 $ 482 $ 109 $ 5,642 $ 649 Fair value $ 126 $ 11,196 $ 734 $ 133 $ 8,498 $ 888 Discount rates 6.33 % 8.75 % 9.64 % 11.25 % 13.25 % 12.75 % Prepayment speeds 24.40 % 9.80 % 12.77 % 27.20 % 9.99 % 11.01 % Weighted average remaining life 21.9 years 21.4 years 6.2 years 23.1 years 21.1 years 6.6 years Underlying loans being serviced $ 17,443 $ 442,424 $ 59,839 $ 22,299 $ 400,982 $ 75,514
Schedule of Servicing Asset	The following table presents activity in servicing assets for the periods indicated: ($ in thousands) Residential Property SBA Property SBA Commercial Term Total Balance at January 1, 2019 $ 244 $ 6,349 $ 1,073 $ 7,666 Additions — 1,329 185 1,514 Amortization (73) (1,873) (436) (2,382) Balance at December 31, 2019 171 5,805 822 6,798 Additions — 1,408 142 1,550 Amortization (62) (1,571) (315) (1,948) Balance at December 31, 2020 109 5,642 649 6,400 Additions — 2,769 109 2,878 Amortization (23) (1,710) (276) (2,009) Balance at December 31, 2021 $ 86 $ 6,701 $ 482 $ 7,269

Other Real Estate Owned (Tables

Other Real Estate Owned (Tables)	12 Months Ended
	Dec. 31, 2021
Receivables [Abstract]
Other Real Estate Owned, Activity	The following table presents activity in OREO for the periods indicated: Year Ended December 31, ($ in thousands) 2021 2020 2019 Balance at beginning of year $ 1,401 $ — $ — Additions 1,960 5,316 395 Sales (3,361) (3,915) (329) Net change in valuation allowance — — (66) Balance at end of year $ — $ 1,401 $ —
Other Real Estate Owned Valuation Allowance	The following table presents activity in OREO valuation allowance for the periods indicated: Year Ended December 31, ($ in thousands) 2021 2020 2019 Balance at beginning of year $ — $ — $ — Additions — — 66 Net direct write-downs and removal from sale — — (66) Balance at end of year $ — $ — $ —
Other Real Estate Owned, Expenses	The following table presents expenses related to OREO for the periods indicated: Year Ended December 31, ($ in thousands) 2021 2020 2019 Net (gain) loss on sales $ (73) $ (9) $ 1 Operating expenses, net of rental income 81 60 — Total $ 8 $ 51 $ 1

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Dec. 31, 2021
Deposits [Abstract]
Time Deposit Maturities	The following table presents scheduled maturities of time deposits as of December 31, 2021: ($ in thousands) 2022 2023 2024 2025 2026 Thereafter Total Time deposits of $250,000 or less $ 333,907 $ 5,484 $ 2,204 $ 326 $ 35 $ — $ 341,956 Time deposits of more than $250,000 269,107 3,162 — — — — 272,269 Total time deposits $ 603,014 $ 8,646 $ 2,204 $ 326 $ 35 $ — $ 614,225

Federal Home Loan Bank Advanc_2

Federal Home Loan Bank Advances and Other Borrowings (Tables)	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Schedule of Maturities of FHLB Advances and Financial Data	The following table presents scheduled maturities of FHLB advances as of December 31, 2021: ($ in thousands) 2022 2023 2024 2025 Thereafter Total Fixed Rate $ 10,000 $ — $ — $ — $ — $ 10,000 Variable Rate — — — — — — Total $ 10,000 $ — $ — $ — $ — $ 10,000 The following table presents financial data of FHLB advances as of the dates or for the periods indicated: As of or For the Year Ended December 31, ($ in thousands) 2021 2020 2019 Weighted-average interest rate at end of year 2.07 % 0.67 % 1.92 % Average interest rate during the year 0.97 % 0.65 % 1.86 % Average balance $ 30,096 $ 94,303 $ 25,370 Maximum amount outstanding at any month-end $ 80,000 $ 170,000 $ 35,000 Balance at end of year $ 10,000 $ 80,000 $ 20,000

Share-Based Compensation (Table

Share-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2021
Share-based Payment Arrangement [Abstract]
Share-based Compensation Expense	The following table presents share-based compensation expense and the related tax benefits for the periods indicated: Year Ended December 31, ($ in thousands) 2021 2020 2019 Share-based compensation expense related to: Stock options $ 187 $ 562 $ 650 Restricted stock awards 266 153 59 Total share-based compensation expense $ 453 $ 715 $ 709 Related tax benefits $ 84 $ 76 $ 44 The following table presents unrecognized share-based compensation expense as of December 31, 2021: ($ in thousands) Unrecognized Expense Weighted-Average Remaining Expected Recognition Period Unrecognized share-based compensation expense related to: Stock options $ 341 2.4 years Restricted stock awards 537 2.1 years Total unrecognized share-based compensation expense $ 878 2.2 years
Summary of Weighted-Average Assumptions of Options Granted	The following table presents the weighted-average assumptions used to determine the fair value of options granted for the periods indicated: Year Ended December 31, 2021 2020 2019 Risk-free interest rate 1.13 % — % 2.06 % Expected term 6.71 years N/A 5.00 years Expected stock price volatility 27.54 % — % 36.10 % Dividend yield 2.64 % — % 1.33 %
Summary of Option Activity	The following table presents information related to the stock option plan for the periods indicated: Year Ended December 31, ($ in thousands, except per share data) 2021 2020 2019 Intrinsic value of options exercised $ 794 $ 789 $ 851 Cash received from options exercised $ 1,279 $ 693 $ 627 Tax benefit from options exercised $ 60 $ 70 $ 31 Weighted-average estimated fair value per share of options granted $ 3.76 $ — $ 5.76 The following table represents stock option activity as of and for the year ended December 31, 2021: Year Ended December 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 year 718,935 $ 10.87 5.07 years $ — Granted 50,000 $ 17.94 10.00 years Exercised (126,163) $ 10.14 4.22 years Forfeited (10,000) $ 17.47 8.00 years Balance at end of year 632,772 $ 11.47 4.54 years $ 6,641 Exercisable at end of year 525,673 $ 10.40 3.85 years $ 6,078 The following table represents information regarding unvested stock options for the year ended December 31, 2021: Year Ended December 31, 2021 Number of Shares Weighted-Average Exercise Price Per Share Outstanding at beginning of year 121,199 $ 15.68 Granted 50,000 $ 17.94 Vested (54,100) $ 15.41 Forfeited (10,000) $ 17.47 Balance at end of year 107,099 $ 16.70
Summary of Restricted Stock Award Activity	The following table represents RSAs activity for the year ended December 31, 2021: Year Ended December 31, 2021 Number of Shares Weighted-Average Grant Date Fair Value Per Share Outstanding at beginning of period 30,300 $ 16.27 Granted 35,584 $ 10.80 Vested (9,300) $ 16.46 Forfeited (1,300) $ 13.23 Outstanding at end of period 55,284 $ 12.79

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	The following table presents the components of income tax expense for the periods indicated: Year Ended December 31, ($ in thousands) 2021 2020 2019 Current: Federal $ 12,117 $ 6,596 $ 8,317 State 6,692 3,910 4,499 Total current income tax expense 18,809 10,506 12,816 Deferred: Federal (1,428) (2,223) (1,747) State (525) (1,447) (826) Total deferred income tax benefit (1,953) (3,670) (2,573) Total $ 16,856 $ 6,836 $ 10,243
Schedule of Effective Income Tax Rate Reconciliation	The following table presents a reconciliation of the recorded income tax expense to the amount of taxes computed by applying the applicable statutory Federal income tax rate for the periods indicated: Year Ended December 31, 2021 2020 2019 Statutory federal tax rate 21.00 % 21.00 % 21.00 % State and local income taxes, net of federal tax benefit 8.55 % 8.45 % 8.45 % Share-based compensation 0.05 % 0.39 % 0.10 % Other items, net (0.01) % (0.13) % 0.27 % Effective income tax rate 29.59 % 29.71 % 29.82 %
Schedule of Deferred Tax Assets and Liabilities	The following table presents the components of the net deferred tax assets recognized in the accompanying consolidated balance sheets as of the dates indicated: December 31, ($ in thousands) 2021 2020 Deferred tax assets: Allowance for loan losses $ 6,609 $ 7,790 Share-based compensation 303 335 Loans held-for-sale market adjustment 2,445 419 Operating lease liabilities 2,198 2,485 State tax benefit 1,365 822 Other 360 447 Total deferred tax assets 13,280 12,298 Deferred tax liabilities: Depreciation on premises and equipment 208 394 Unrealized gain on investment securities 4 754 Deferred loan origination costs 177 732 Operating lease assets 2,004 2,238 Other 63 60 Total deferred tax liabilities 2,456 4,178 Deferred tax assets, net $ 10,824 $ 8,120

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2021
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following is a reconciliation of net income and shares outstanding to the income and number of share used to compute earnings per share for the periods indicated: Year Ended December 31, ($ in thousands, except per share) 2021 2020 2019 Basic earnings per share: Net income $ 40,103 $ 16,175 $ 24,108 Less: income allocated to unvested restricted stock (156) (37) (22) Net income allocated to common stock $ 39,947 $ 16,138 $ 24,086 Weighted-average total common shares outstanding 15,076,183 15,419,455 15,887,566 Less: weighted-average unvested restricted stock (58,546) (35,224) (14,183) Weighted-average common shares outstanding, basic 15,017,637 15,384,231 15,873,383 Basic earnings per share $ 2.66 $ 1.05 $ 1.52 Diluted earnings per share: Net income allocated to common stock $ 39,947 $ 16,138 $ 24,086 Weighted-average commons shares outstanding 15,017,637 15,384,231 15,873,383 Diluted effect of stock options 236,183 64,661 298,899 Diluted weighted-average common shares outstanding 15,253,820 15,448,892 16,172,282 Diluted earnings per share $ 2.62 $ 1.04 $ 1.49

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Schedule of Outstanding Financial Commitments	The following table presents outstanding financial commitments whose contractual amount represents credit risk as of the dates indicated: December 31, 2021 2020 ($ in thousands) Fixed Rate Variable Rate Fixed Rate Variable Rate Unused lines of credit $ 8,261 $ 160,739 $ 6,623 $ 150,247 Unfunded loan commitments 595 29,688 1,752 34,874 Standby letters of credit 3,078 1,431 2,971 1,814 Commercial letters of credit 91 524 — — Total $ 12,025 $ 192,382 $ 11,346 $ 186,935

Regulatory Matters (Tables)

Regulatory Matters (Tables)	12 Months Ended
	Dec. 31, 2021
Other Commitments [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 December 31, 2021 PCB Bancorp Common tier 1 capital (to risk-weighted assets) $ 255,650 14.79 % $ 77,762 4.5 % N/A N/A Total capital (to risk-weighted assets) 277,263 16.04 % 138,244 8.0 % N/A N/A Tier 1 capital (to risk-weighted assets) 255,650 14.79 % 103,683 6.0 % N/A N/A Tier 1 capital (to average assets) 255,650 12.11 % 84,445 4.0 % N/A N/A Pacific City Bank Common tier 1 capital (to risk-weighted assets) $ 250,145 14.48 % $ 77,761 4.5 % $ 112,321 6.5 % Total capital (to risk-weighted assets) 271,757 15.73 % 138,241 8.0 % 172,801 10.0 % Tier 1 capital (to risk-weighted assets) 250,145 14.48 % 103,681 6.0 % 138,241 8.0 % Tier 1 capital (to average assets) 250,145 11.85 % 84,443 4.0 % 105,554 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)	12 Months Ended
	Dec. 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: Year Ended December 31, ($ in thousands) 2021 2020 2019 Noninterest income in-scope of Topic 606 Service charges and fees on deposits: Monthly service fees $ 81 $ 91 $ 113 Account analysis fees 885 860 972 Non-sufficient funds charges 165 228 364 Other deposit related fees 64 77 95 Total service charges and fees on deposits 1,195 1,256 1,544 Debit card fees 306 252 272 Gain (loss) on sale of other real estate owned 74 9 (1) Wire transfer fees 596 530 515 Other service charges 198 184 221 Total $ 2,369 $ 2,231 $ 2,551

Condensed Financial Statement_2

Condensed Financial Statements for Parent Company (Tables)	12 Months Ended
	Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract]
Condensed Balance Sheet	The parent company’s condensed statements of financial condition as of December 31, 2021 and 2020, and the related condensed statements of income and comprehensive income, and condensed statements of cash flows for the years ended December 31, 2021, 2020, and 2019 are presented below: Condensed Balance Sheets December 31, ($ in thousands) 2021 2020 Assets Cash $ 5,451 $ 3,873 Investment in Pacific City Bank 250,780 229,871 Other assets 55 44 Total assets $ 256,286 $ 233,788 Liabilities and Shareholders’ Equity Total liabilities — — Total shareholders’ equity 256,286 233,788 Total liabilities and shareholders’ equity $ 256,286 $ 233,788
Condensed Statements of Income and Comprehensive Income	Condensed Statements of Income and Comprehensive Income Year Ended December 31, ($ in thousands) 2021 2020 2019 Income: Dividends from subsidiary $ 18,375 $ 13,600 $ 11,950 Other income — — — Total income 18,375 13,600 11,950 Expense: Other expense 753 798 835 Total expense 753 798 835 Income before taxes and equity in undistributed subsidiary income 17,622 12,802 11,115 Income tax benefit (223) (234) (245) Income before equity in undistributed subsidiary income 17,845 13,036 11,360 Equity in undistributed subsidiary income 22,258 3,139 12,748 Net income 40,103 16,175 24,108 Other comprehensive income (loss), net of tax (1,802) 2,013 1,590 Comprehensive income $ 38,301 $ 18,188 $ 25,698
Condensed Statements of Cash Flows	Condensed Statements of Cash Flows Year Ended December 31, ($ in thousands) 2021 2020 2019 Cash flows from operating activities Net income $ 40,103 $ 16,175 $ 24,108 Adjustments to reconcile net income to net cash provided by operating activities: Equity in undistributed subsidiary income (22,258) (3,139) (12,748) Change in other assets (11) 47 (40) Change in other liabilities — — (19) Net cash provided by operating activities 17,834 13,083 11,301 Cash flows from investing activities: Capital contribution to subsidiary — — — Net cash used in investing activities — — — Cash flows from financing activities: Restricted stock surrendered due to employee tax liability (4) (2) — Repurchase of common stock (10,876) (6,487) (6,480) Stock options exercised 1,279 693 626 Cash dividends paid on common stock (6,655) (6,153) (3,962) Net cash used in financing activities (16,256) (11,949) (9,816) Net increase in cash and cash equivalents 1,578 1,134 1,485 Cash and cash equivalents at beginning of year 3,873 2,739 1,254 Cash and cash equivalents at end of year $ 5,451 $ 3,873 $ 2,739

Basis of Presentation and Sig_3

Basis of Presentation and Significant Accounting Policies (Details)	12 Months Ended
	Dec. 31, 2021USD ($)loanbranchofficesegment	Dec. 31, 2020USD ($)loan	Dec. 31, 2019USD ($)
Product Information [Line Items]
Number of operating segments | segment	1
Number of loan producing offices | office	10
Reserve and clearing required balance	$ 0	$ 0
Reclassification of securities held-to-maturity to securities available-for-sale	0	18,777,000	$ 0
Unrealized gain arising from the reclassification of securities held-to-maturity to securities available-for-sale	$ 0	$ 787,000	0
Interest on loans held-for-investment, threshold period past due	90 days
Modification term of loans modified due to COVID-19		6 months
Still Accruing	$ 1,732,205,000	$ 1,583,578,000
Qualified affordable housing project investments	1,600,000	1,900,000
Unfunded commitments	51,000	57,000
Amortization recognized on Qualified Affordable Housing Projects	247,000	240,000	261,000
Federal tax credits and other benefits	299,000	300,000	$ 304,000
Write-down amount	$ 0	$ 0
Minimum
Product Information [Line Items]
Renewal term	1 year
Maximum
Product Information [Line Items]
Renewal term	5 years
Furniture, fixtures and equipment | Minimum
Product Information [Line Items]
Estimated useful lives	3 years
Furniture, fixtures and equipment | Maximum
Product Information [Line Items]
Estimated useful lives	7 years
Closed Loans
Product Information [Line Items]
Charge-off time period	120 days
Open Loans
Product Information [Line Items]
Charge-off time period	180 days
Small Business Administration (SBA), CARES Act, Paycheck Protection Program
Product Information [Line Items]
Term of SBA PPP loans	5 years	2 years
SBA PPP Loans Extended | loan	354	1,585
Still Accruing	$ 65,300,000	$ 135,700,000
Financing receivable, loan forgiveness recognized, value	181,800,000
COVID-19 Loan Modification
Product Information [Line Items]
Aggregate carrying amount of loans modified due to COVID-19	$ 0	36,100,000
Still Accruing		$ 36,117,000
California
Product Information [Line Items]
Number of full-service branches | branch	11
New Jersey
Product Information [Line Items]
Number of full-service branches | branch	1
New York
Product Information [Line Items]
Number of full-service branches | branch	1

Fair Value Measurements - Asset

Fair Value Measurements - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Securities available-for-sale:
Fair Value	$ 123,198	$ 120,527
Mortgage-backed securities
Securities available-for-sale:
Fair Value	84,713	76,154
Collateralized mortgage obligations
Securities available-for-sale:
Fair Value	19,056	26,467
SBA loan pool securities
Securities available-for-sale:
Fair Value	8,672	12,080
Municipal bonds
Securities available-for-sale:
Fair Value	5,686	5,826
Corporate bonds
Securities available-for-sale:
Fair Value	5,071
Recurring
Securities available-for-sale:
Fair Value	123,198	120,527
Total assets measured at fair value on a recurring basis	123,198	120,527
Total liabilities measured at fair value on a recurring basis	0	0
Recurring | Mortgage-backed securities
Securities available-for-sale:
Fair Value	84,713	76,154
Recurring | Collateralized mortgage obligations
Securities available-for-sale:
Fair Value	19,056	26,467
Recurring | SBA loan pool securities
Securities available-for-sale:
Fair Value	8,672	12,080
Recurring | Municipal bonds
Securities available-for-sale:
Fair Value	5,686	5,826
Recurring | Corporate bonds
Securities available-for-sale:
Fair Value	5,071
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1)
Securities available-for-sale:
Fair Value	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) | Mortgage-backed securities
Securities available-for-sale:
Fair Value	0	0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Collateralized mortgage obligations
Securities available-for-sale:
Fair Value	0	0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | SBA loan pool securities
Securities available-for-sale:
Fair Value	0	0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Municipal bonds
Securities available-for-sale:
Fair Value	0	0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Corporate bonds
Securities available-for-sale:
Fair Value	0
Recurring | Significant Other Observable Inputs (Level 2)
Securities available-for-sale:
Fair Value	123,198	120,527
Total assets measured at fair value on a recurring basis	123,198	120,527
Total liabilities measured at fair value on a recurring basis	0	0
Recurring | Significant Other Observable Inputs (Level 2) | Mortgage-backed securities
Securities available-for-sale:
Fair Value	84,713	76,154
Recurring | Significant Other Observable Inputs (Level 2) | Collateralized mortgage obligations
Securities available-for-sale:
Fair Value	19,056	26,467
Recurring | Significant Other Observable Inputs (Level 2) | SBA loan pool securities
Securities available-for-sale:
Fair Value	8,672	12,080
Recurring | Significant Other Observable Inputs (Level 2) | Municipal bonds
Securities available-for-sale:
Fair Value	5,686	5,826
Recurring | Significant Other Observable Inputs (Level 2) | Corporate bonds
Securities available-for-sale:
Fair Value	5,071
Recurring | Significant Unobservable Inputs (Level 3)
Securities available-for-sale:
Fair Value	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) | Mortgage-backed securities
Securities available-for-sale:
Fair Value	0	0
Recurring | Significant Unobservable Inputs (Level 3) | Collateralized mortgage obligations
Securities available-for-sale:
Fair Value	0	0
Recurring | Significant Unobservable Inputs (Level 3) | SBA loan pool securities
Securities available-for-sale:
Fair Value	0	0
Recurring | Significant Unobservable Inputs (Level 3) | Municipal bonds
Securities available-for-sale:
Fair Value	0	$ 0
Recurring | Significant Unobservable Inputs (Level 3) | Corporate bonds
Securities available-for-sale:
Fair Value	$ 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	Dec. 31, 2021	Dec. 31, 2020
Impaired loans:
Impaired loans	$ 17	$ 1,377
Total assets measured at fair value on a recurring basis	17	1,377
Total liabilities measured at fair value on a recurring basis	0	0
SBA property
Impaired loans:
Impaired loans	17	218
Commercial lines of credit
Impaired loans:
Impaired loans		904
SBA commercial term
Impaired loans:
Impaired loans		255
Quoted Prices in Active Markets for Identical Assets (Level 1)
Impaired loans:
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
Quoted Prices in Active Markets for Identical Assets (Level 1) | SBA property
Impaired loans:
Impaired loans	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Commercial lines of credit
Impaired loans:
Impaired loans		0
Quoted Prices in Active Markets for Identical Assets (Level 1) | SBA commercial term
Impaired loans:
Impaired loans		0
Significant Other Observable Inputs (Level 2)
Impaired loans:
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) | SBA property
Impaired loans:
Impaired loans	0	0
Significant Other Observable Inputs (Level 2) | Commercial lines of credit
Impaired loans:
Impaired loans		0
Significant Other Observable Inputs (Level 2) | SBA commercial term
Impaired loans:
Impaired loans		0
Significant Unobservable Inputs (Level 3)
Impaired loans:
Impaired loans	17	1,377
Total assets measured at fair value on a recurring basis	17	1,377
Total liabilities measured at fair value on a recurring basis	0	0
Significant Unobservable Inputs (Level 3) | SBA property
Impaired loans:
Impaired loans	$ 17	218
Significant Unobservable Inputs (Level 3) | Commercial lines of credit
Impaired loans:
Impaired loans		904
Significant Unobservable Inputs (Level 3) | SBA commercial term
Impaired loans:
Impaired loans		$ 255

Fair Value Measurements - Level

Fair Value Measurements - Level 3 Measurement Inputs (Details) - Nonrecurring - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans	$ 17	$ 1,377
SBA property
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans	17	218
Commercial lines of credit
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans		904
SBA commercial term
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans		255
Significant Unobservable Inputs (Level 3)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans	17	1,377
Significant Unobservable Inputs (Level 3) | SBA property
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans	$ 17	218
Significant Unobservable Inputs (Level 3) | Commercial lines of credit
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans		904
Significant Unobservable Inputs (Level 3) | Commercial lines of credit | Sales comparison approach | Adjustment for differences between the comparable estate sales | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans, measurement input			5.00%
Significant Unobservable Inputs (Level 3) | Commercial lines of credit | Sales comparison approach | Adjustment for differences between the comparable estate sales | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans, measurement input			9.00%
Significant Unobservable Inputs (Level 3) | Commercial lines of credit | Sales comparison approach | Adjustment for differences between the comparable estate sales | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans, measurement input			7.60%
Significant Unobservable Inputs (Level 3) | SBA commercial term
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans		$ 255

Fair Value Measurements - Other

Fair Value Measurements - Other Real Estate Owned (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net gain (losses) recognized	$ 196	$ (1,070)	$ (2,524)
SBA property
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net gain (losses) recognized	(8)	(138)	(31)
Commercial lines of credit
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net gain (losses) recognized	136	(720)	(2,475)
SBA commercial property
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net gain (losses) recognized	(5)	(221)	0
Other real estate owned
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net gain (losses) recognized	$ 73	$ 9	$ (18)

Fair Value Measurements - Fair

Fair Value Measurements - Fair Values of Financial Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Financial assets:
Securities available-for-sale	$ 123,198	$ 120,527
Carrying Value
Financial assets:
Interest-bearing deposits in other financial institutions	188,063	174,493
Securities available-for-sale	123,198	120,527
Loans held-for-sale	37,026	1,979
Net loans held-for-investment	1,709,824	1,557,068
FHLB and other restricted stock	8,577	8,447
Accrued interest receivable	5,368	9,334
Financial liabilities:
Deposits	1,867,134	1,594,851
FHLB advances	10,000	80,000
Accrued interest payable	771	2,226
Fair Value
Financial assets:
Interest-bearing deposits in other financial institutions	188,063	174,493
Securities available-for-sale	123,198	120,527
Loans held-for-sale	41,079	2,112
Net loans held-for-investment	1,725,022	1,574,063
Accrued interest receivable	5,368	9,334
Financial liabilities:
Deposits	1,867,635	1,594,112
FHLB advances	10,087	80,321
Accrued interest payable	771	2,226
Fair Value | Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial assets:
Interest-bearing deposits in other financial institutions	188,063	174,493
Securities available-for-sale	0	0
Loans held-for-sale	0	0
Net loans held-for-investment	0	0
Accrued interest receivable	1	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	123,198	120,527
Loans held-for-sale	41,079	2,112
Net loans held-for-investment	0	0
Accrued interest receivable	337	322
Financial liabilities:
Deposits	0	0
FHLB advances	10,087	80,321
Accrued interest payable	1	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	1,725,022	1,574,063
Accrued interest receivable	5,030	9,011
Financial liabilities:
Deposits	1,867,635	1,594,112
FHLB advances	0	0
Accrued interest payable	$ 770	$ 2,224

Investment Securities - Narrati

Investment Securities - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Investments, Debt and Equity Securities [Abstract]
Reclassification of securities held-to-maturity to securities available-for-sale	$ 0	$ 18,777,000	$ 0
Unrealized gain arising from the reclassification of securities held-to-maturity to securities available-for-sale	0	787,000	0
Pledged securities for collateral	110,900,000	117,800,000
OTTI, debt securities, including in earnings	$ 0	$ 0	$ 0

Investment Securities - Summary

Investment Securities - Summary of Debt and Equity Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Securities available-for-sale:
Amortized Cost	$ 123,185	$ 117,961
Gross Unrealized Gain	1,322	2,657
Gross Unrealized Loss	(1,309)	(91)
Fair Value	123,198	120,527
Mortgage-backed securities
Securities available-for-sale:
Amortized Cost	85,346	74,622
Gross Unrealized Gain	625	1,558
Gross Unrealized Loss	(1,258)	(26)
Fair Value	84,713	76,154
Collateralized mortgage obligations
Securities available-for-sale:
Amortized Cost	18,990	26,216
Gross Unrealized Gain	113	294
Gross Unrealized Loss	(47)	(43)
Fair Value	19,056	26,467
SBA loan pool securities
Securities available-for-sale:
Amortized Cost	8,520	11,753
Gross Unrealized Gain	156	349
Gross Unrealized Loss	(4)	(22)
Fair Value	8,672	12,080
Municipal bonds
Securities available-for-sale:
Amortized Cost	5,329	5,370
Gross Unrealized Gain	357	456
Gross Unrealized Loss	0	0
Fair Value	5,686	$ 5,826
Corporate bonds
Securities available-for-sale:
Amortized Cost	5,000
Gross Unrealized Gain	71
Gross Unrealized Loss	0
Fair Value	$ 5,071

Investment Securities - Summa_2

Investment Securities - Summary of Contractual Maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Amortized Cost
Within one year	$ 305
One to five years	1,851
Five to ten years	5,830
Greater than ten years	2,343
Mortgage-backed securities, collateralized mortgage obligations and SBA loan pool securities	112,856
Amortized Cost	123,185	$ 117,961
Fair Value
Within one year	307
One to five years	1,901
Five to ten years	5,917
Greater than ten years	2,632
Mortgage-backed securities, collateralized mortgage obligations and SBA loan pool securities	112,441
Fair Value	$ 123,198	$ 120,527

Investment Securities - Summa_3

Investment Securities - Summary of Gains (Losses) on Available-for-sale Securities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Investments, Debt and Equity Securities [Abstract]
Gross realized gains on sales and calls of securities available-for-sale	$ 0	$ 0	$ 786
Gross realized losses on sales and calls of securities available-for-sale	0	0	0
Net realized gains on sales and calls of securities available-for-sale	0	0	786
Proceeds from sales and calls of securities available-for-sale	0	185	33,627
Tax expense on sales and calls of securities available-for-sale	$ 0	$ 0	$ 234

Investment Securities - Summa_4

Investment Securities - Summary of Individual Securities in Continuous Unrealized Loss Position (Details) $ in Thousands	Dec. 31, 2021USD ($)security	Dec. 31, 2020USD ($)security
Securities available-for-sale:
Less Than 12 Months, Fair Value	$ 49,842	$ 9,874
Less Than 12 Months, Gross Unrealized Losses	$ (978)	$ (34)
Less Than 12 Months, Number of Securities | security	36	9
12 months or Longer, Fair Value	$ 9,041	$ 6,996
12 months or Longer, Gross Unrealized Losses	$ (331)	$ (57)
12 months or Longer, Number of Securities | security	6	10
Total, Fair Value	$ 58,883	$ 16,870
Total, Gross Unrealized Losses	$ (1,309)	$ (91)
Total, Number of Securities | security	42	19
Mortgage-backed securities
Securities available-for-sale:
Less Than 12 Months, Fair Value	$ 46,945	$ 5,773
Less Than 12 Months, Gross Unrealized Losses	$ (931)	$ (26)
Less Than 12 Months, Number of Securities | security	32	4
12 months or Longer, Fair Value	$ 8,885	$ 0
12 months or Longer, Gross Unrealized Losses	$ (327)	$ 0
12 months or Longer, Number of Securities | security	5	0
Total, Fair Value	$ 55,830	$ 5,773
Total, Gross Unrealized Losses	$ (1,258)	$ (26)
Total, Number of Securities | security	37	4
Collateralized mortgage obligations
Securities available-for-sale:
Less Than 12 Months, Fair Value	$ 2,897	$ 2,424
Less Than 12 Months, Gross Unrealized Losses	$ (47)	$ (4)
Less Than 12 Months, Number of Securities | security	4	3
12 months or Longer, Fair Value	$ 0	$ 5,127
12 months or Longer, Gross Unrealized Losses	$ 0	$ (39)
12 months or Longer, Number of Securities | security	0	6
Total, Fair Value	$ 2,897	$ 7,551
Total, Gross Unrealized Losses	$ (47)	$ (43)
Total, Number of Securities | security	4	9
SBA loan pool securities
Securities available-for-sale:
Less Than 12 Months, Fair Value	$ 0	$ 1,677
Less Than 12 Months, Gross Unrealized Losses	$ 0	$ (4)
Less Than 12 Months, Number of Securities | security	0	2
12 months or Longer, Fair Value	$ 156	$ 1,869
12 months or Longer, Gross Unrealized Losses	$ (4)	$ (18)
12 months or Longer, Number of Securities | security	1	4
Total, Fair Value	$ 156	$ 3,546
Total, Gross Unrealized Losses	$ (4)	$ (22)
Total, Number of Securities | security	1	6

Loans and Allowance for Loan _3

Loans and Allowance for Loan Losses - Loans Held-For-Investment (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Still Accruing	$ 1,732,205	$ 1,583,578
Allowance for loan losses	(22,381)	(26,510)	$ (14,380)	$ (13,167)
Net loans held-for-investment	1,709,824	1,557,068
Loans receivable from related parties	398	3,900
Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Still Accruing	1,453,241	1,220,936
Allowance for loan losses	(16,797)	(18,894)	(9,854)	(9,104)
Real Estate | Commercial property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Still Accruing	1,105,843	880,736
Real Estate | Residential property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Still Accruing	209,485	198,431
Real Estate | SBA property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Still Accruing	129,661	126,570
Real Estate | Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Still Accruing	8,252	15,199
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Still Accruing	257,343	340,869
Allowance for loan losses	(5,310)	(7,222)	(4,354)	(3,877)
Commercial and Industrial | Commercial term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Still Accruing	73,438	87,250
Commercial and Industrial | Commercial lines of credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Still Accruing	100,936	96,087
Commercial and Industrial | SBA commercial term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Still Accruing	17,640	21,878
Commercial and Industrial | SBA PPP
Accounts, Notes, Loans and Financing Receivable [Line Items]
Still Accruing	65,329	135,654
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Still Accruing	21,621	21,773
Allowance for loan losses	$ (274)	$ (394)	$ (172)	$ (186)

Loans and Allowance for Loan _4

Loans and Allowance for Loan Losses - Allowance for Loan Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 26,510	$ 14,380	$ 13,167
Charge-offs	(227)	(1,529)	(3,579)
Recoveries on loans previously charged off	694	440	555
Provision (reversal) for loan losses	(4,596)	13,219	4,237
Ending balance	22,381	26,510	14,380
Allowance for loan losses:
Individually evaluated for impairment	0	5
Collectively evaluated for impairment	22,381	26,505
Total	22,381	26,510	14,380
Loans receivable:
Individually evaluated for impairment	1,535	3,731
Collectively evaluated for impairment	1,730,670	1,579,847
Total	1,732,205	1,583,578
Real Estate
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	18,894	9,854	9,104
Charge-offs	(24)	(175)	(31)
Recoveries on loans previously charged off	63	58	6
Provision (reversal) for loan losses	(2,136)	9,157	775
Ending balance	16,797	18,894	9,854
Allowance for loan losses:
Individually evaluated for impairment	0	3
Collectively evaluated for impairment	16,797	18,891
Total	16,797	18,894	9,854
Loans receivable:
Individually evaluated for impairment	1,314	2,200
Collectively evaluated for impairment	1,451,927	1,218,736
Total	1,453,241	1,220,936
Commercial and Industrial
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	7,222	4,354	3,877
Charge-offs	(115)	(1,104)	(3,350)
Recoveries on loans previously charged off	565	236	378
Provision (reversal) for loan losses	(2,362)	3,736	3,449
Ending balance	5,310	7,222	4,354
Allowance for loan losses:
Individually evaluated for impairment	0	2
Collectively evaluated for impairment	5,310	7,220
Total	5,310	7,222	4,354
Loans receivable:
Individually evaluated for impairment	221	1,531
Collectively evaluated for impairment	257,122	339,338
Total	257,343	340,869
Consumer
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	394	172	186
Charge-offs	(88)	(250)	(198)
Recoveries on loans previously charged off	66	146	171
Provision (reversal) for loan losses	(98)	326	13
Ending balance	274	394	172
Allowance for loan losses:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	274	394
Total	274	394	$ 172
Loans receivable:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	21,621	21,773
Total	$ 21,621	$ 21,773

Loans and Allowance for Loan _5

Loans and Allowance for Loan Losses - Credit Quality Indicators (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing	$ 1,732,205	$ 1,583,578
COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing		36,117
Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing	1,708,945	1,556,987
Pass | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing		19,293
Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing	18,092	16,461
Special Mention | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing		14,881
Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing	5,168	10,130
Substandard | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing		1,943
Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing	0	0
Doubtful | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing		0
Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing	1,453,241	1,220,936
Real Estate | Commercial property
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing	1,105,843	880,736
Real Estate | Commercial property | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing		24,132
Real Estate | Commercial property | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing	1,092,253	866,508
Real Estate | Commercial property | Pass | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing		13,158
Real Estate | Commercial property | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing	11,739	10,268
Real Estate | Commercial property | Special Mention | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing		10,268
Real Estate | Commercial property | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing	1,851	3,960
Real Estate | Commercial property | Substandard | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing		706
Real Estate | Commercial property | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing	0	0
Real Estate | Commercial property | Doubtful | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing		0
Real Estate | Residential property
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing	209,485	198,431
Real Estate | Residential property | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing		425
Real Estate | Residential property | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing	209,485	198,242
Real Estate | Residential property | Pass | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing		425
Real Estate | Residential property | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing	0	0
Real Estate | Residential property | Special Mention | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing		0
Real Estate | Residential property | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing	0	189
Real Estate | Residential property | Substandard | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing		0
Real Estate | Residential property | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing	0	0
Real Estate | Residential property | Doubtful | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing		0
Real Estate | SBA property
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing	129,661	126,570
Real Estate | SBA property | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing		4,192
Real Estate | SBA property | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing	127,518	123,147
Real Estate | SBA property | Pass | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing		3,941
Real Estate | SBA property | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing	251	251
Real Estate | SBA property | Special Mention | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing		251
Real Estate | SBA property | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing	1,892	3,172
Real Estate | SBA property | Substandard | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing		0
Real Estate | SBA property | Substandard | Loans guaranteed by US government agency
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing	109	113
Real Estate | SBA property | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing	0	0
Real Estate | SBA property | Doubtful | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing		0
Real Estate | Construction
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing	8,252	15,199
Real Estate | Construction | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing	8,252	15,199
Real Estate | Construction | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing	0	0
Real Estate | Construction | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing	0	0
Real Estate | Construction | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing	0	0
Commercial and Industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing	257,343	340,869
Commercial and Industrial | Commercial term
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing	73,438	87,250
Commercial and Industrial | Commercial term | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing		5,527
Commercial and Industrial | Commercial term | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing	68,626	81,724
Commercial and Industrial | Commercial term | Pass | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing		0
Commercial and Industrial | Commercial term | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing	3,698	4,362
Commercial and Industrial | Commercial term | Special Mention | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing		4,362
Commercial and Industrial | Commercial term | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing	1,114	1,164
Commercial and Industrial | Commercial term | Substandard | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing		1,165
Commercial and Industrial | Commercial term | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing	0	0
Commercial and Industrial | Commercial term | Doubtful | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing		0
Commercial and Industrial | Commercial lines of credit
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing	100,936	96,087
Commercial and Industrial | Commercial lines of credit | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing	98,785	93,884
Commercial and Industrial | Commercial lines of credit | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing	2,151	1,299
Commercial and Industrial | Commercial lines of credit | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing	0	904
Commercial and Industrial | Commercial lines of credit | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing	0	0
Commercial and Industrial | SBA commercial term
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing	17,640	21,878
Commercial and Industrial | SBA commercial term | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing		1,841
Commercial and Industrial | SBA commercial term | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing	17,111	20,922
Commercial and Industrial | SBA commercial term | Pass | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing		1,769
Commercial and Industrial | SBA commercial term | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing	253	281
Commercial and Industrial | SBA commercial term | Special Mention | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing		0
Commercial and Industrial | SBA commercial term | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing	276	675
Commercial and Industrial | SBA commercial term | Substandard | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing		72
Commercial and Industrial | SBA commercial term | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing	0	0
Commercial and Industrial | SBA commercial term | Doubtful | COVID-19 Loan Modification
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing		0
Commercial and Industrial | SBA PPP
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing	65,329	135,654
Commercial and Industrial | SBA PPP | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing	65,329	135,654
Commercial and Industrial | SBA PPP | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing	0	0
Commercial and Industrial | SBA PPP | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing	0	0
Commercial and Industrial | SBA PPP | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing	0	0
Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing	21,621	21,773
Consumer | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing	21,586	21,707
Consumer | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing	0	0
Consumer | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing	35	66
Consumer | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Still Accruing	$ 0	$ 0

Loans and Allowance for Loan _6

Loans and Allowance for Loan Losses - Aging of Past Due Accruing Loans and Nonaccrual Loans by Portfolio Segment (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable, Past Due [Line Items]
Still Accruing	$ 1,732,205,000	$ 1,583,578,000
Nonaccrual	994,000	3,163,000
Total Past Due and Nonaccrual	1,548,000	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	549,000	302,000
60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Still Accruing	5,000	36,000
90 or More Days Past Due
Financing Receivable, Past Due [Line Items]
Still Accruing	0	0
Real Estate
Financing Receivable, Past Due [Line Items]
Still Accruing	1,453,241,000	1,220,936,000
Real Estate | Commercial property
Financing Receivable, Past Due [Line Items]
Still Accruing	1,105,843,000	880,736,000
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]
Still Accruing	209,485,000	198,431,000
Nonaccrual	0	189,000
Total Past Due and Nonaccrual	461,000	371,000
Real Estate | Residential property | 30 to 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Still Accruing	461,000	182,000
Real Estate | Residential property | 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Still Accruing	0	0
Real Estate | Residential property | 90 or More Days Past Due
Financing Receivable, Past Due [Line Items]
Still Accruing	0	0
Real Estate | SBA property
Financing Receivable, Past Due [Line Items]
Still Accruing	129,661,000	126,570,000
Nonaccrual	746,000	885,000
Total Past Due and Nonaccrual	746,000	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
Financing Receivable, Past Due [Line Items]
Still Accruing	257,343,000	340,869,000
Commercial and Industrial | Commercial lines of credit
Financing Receivable, Past Due [Line Items]
Still Accruing	100,936,000	96,087,000
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]
Still Accruing	17,640,000	21,878,000
Nonaccrual	213,000	595,000
Total Past Due and Nonaccrual	213,000	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
Consumer
Financing Receivable, Past Due [Line Items]
Still Accruing	21,621,000	21,773,000
Nonaccrual	35,000	66,000
Total Past Due and Nonaccrual	128,000	222,000
Consumer | 30 to 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Still Accruing	88,000	120,000
Consumer | 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Still Accruing	5,000	36,000
Consumer | 90 or More Days Past Due
Financing Receivable, Past Due [Line Items]
Still Accruing	$ 0	$ 0

Loans and Allowance for Loan _7

Loans and Allowance for Loan Losses - Impaired Loans by Portfolio Segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Financing Receivable, Impaired [Line Items]
Recorded investment, with no allowance recorded	$ 1,535	$ 3,668
Unpaid principal balance, with no allowance recorded	1,587	3,797
Recorded investment, with an allowance recorded	0	63
Unpaid principal balance, with an allowance recorded	0	63
Related allowance, with an allowance recorded	0	5
Average Recorded Investment	1,808	4,365	$ 3,085
Interest Income	39	42	65
Interest Foregone on Impaired Loans [Abstract]
Interest income that would have been recognized had impaired loans performed in accordance with their original terms	99	256	213
Less: interest income recognized on impaired loans on a cash basis	(39)	(42)	(65)
Interest income foregone on impaired loans	60	214	148
Real Estate | Commercial property
Financing Receivable, Impaired [Line Items]
Recorded investment, with no allowance recorded	326	856
Unpaid principal balance, with no allowance recorded	325	855
Recorded investment, with an allowance recorded	0	0
Unpaid principal balance, with an allowance recorded	0	0
Related allowance, with an allowance recorded	0	0
Average Recorded Investment	329	467	170
Interest Income	22	23	12
Real Estate | Residential property
Financing Receivable, Impaired [Line Items]
Recorded investment, with no allowance recorded		189
Unpaid principal balance, with no allowance recorded		189
Recorded investment, with an allowance recorded		0
Unpaid principal balance, with an allowance recorded		0
Related allowance, with an allowance recorded		0
Average Recorded Investment	0	47	38
Interest Income	0	0	0
Real Estate | SBA property
Financing Receivable, Impaired [Line Items]
Recorded investment, with no allowance recorded	988	1,108
Unpaid principal balance, with no allowance recorded	1,033	1,198
Recorded investment, with an allowance recorded	0	47
Unpaid principal balance, with an allowance recorded	0	45
Related allowance, with an allowance recorded	0	3
Average Recorded Investment	1,105	1,459	1,685
Interest Income	16	17	41
Commercial and Industrial | Commercial term
Financing Receivable, Impaired [Line Items]
Recorded investment, with no allowance recorded	2	18
Unpaid principal balance, with no allowance recorded	2	18
Recorded investment, with an allowance recorded	0	0
Unpaid principal balance, with an allowance recorded	0	0
Related allowance, with an allowance recorded	0	0
Average Recorded Investment	10	24	47
Interest Income	0	1	3
Commercial and Industrial | Commercial lines of credit
Financing Receivable, Impaired [Line Items]
Recorded investment, with no allowance recorded		904
Unpaid principal balance, with no allowance recorded		904
Recorded investment, with an allowance recorded		0
Unpaid principal balance, with an allowance recorded		0
Related allowance, with an allowance recorded		0
Average Recorded Investment	0	1,869	921
Interest Income	0	0	0
Commercial and Industrial | SBA commercial term
Financing Receivable, Impaired [Line Items]
Recorded investment, with no allowance recorded	219	593
Unpaid principal balance, with no allowance recorded	227	633
Recorded investment, with an allowance recorded	0	16
Unpaid principal balance, with an allowance recorded	0	18
Related allowance, with an allowance recorded	0	2
Average Recorded Investment	364	499	224
Interest Income	$ 1	$ 1	$ 9

Loans and Allowance for Loan _8

Loans and Allowance for Loan Losses - Troubled Debt Restructurings (Details)	12 Months Ended
	Dec. 31, 2021USD ($)loan	Dec. 31, 2020USD ($)loan	Dec. 31, 2019USD ($)loan
Loans Modified as TDRs as of Period End [Abstract]
Accruing	$ 576,000	$ 634,000
Nonaccrual	17,000	5,000
Total	593,000	639,000
Commitments to lend to customers with outstanding loans classified as TDRs	0	0
TDRs, allowance for credit losses	$ 0	$ 0
Loans Modified as TDRs During the Period [Abstract]
Number of Loans | loan		2	5
Pre-Modification Recorded Investment		$ 37,000	$ 610,000
Post-Modification Recorded Investment		$ 37,000	$ 610,000
TDRs By Modification Type During The Period [Abstract]
Number of Loans | loan		2	5
Pre-Modification Recorded Investment		$ 37,000	$ 610,000
Loans Modified as TDRs, Subsequent Payment Defaults [Abstract]
Number of loans, subsequent default | loan	0	1	0
SBA commercial term loan, subsequent default		$ 26,000
Real Estate | Commercial property
Loans Modified as TDRs as of Period End [Abstract]
Accruing	$ 326,000	333,000
Nonaccrual	0	0
Total	326,000	$ 333,000
Loans Modified as TDRs During the Period [Abstract]
Number of Loans | loan		0	1
Pre-Modification Recorded Investment		$ 0	$ 341,000
Post-Modification Recorded Investment		$ 0	$ 341,000
TDRs By Modification Type During The Period [Abstract]
Number of Loans | loan		0	1
Pre-Modification Recorded Investment		$ 0	$ 341,000
Real Estate | SBA property
Loans Modified as TDRs as of Period End [Abstract]
Accruing	242,000	270,000
Nonaccrual	17,000	5,000
Total	259,000	$ 275,000
Loans Modified as TDRs During the Period [Abstract]
Number of Loans | loan		0	2
Pre-Modification Recorded Investment		$ 0	$ 254,000
Post-Modification Recorded Investment		$ 0	$ 254,000
TDRs By Modification Type During The Period [Abstract]
Number of Loans | loan		0	2
Pre-Modification Recorded Investment		$ 0	$ 254,000
Commercial and Industrial | Commercial term
Loans Modified as TDRs as of Period End [Abstract]
Accruing	2,000	18,000
Nonaccrual	0	0
Total	2,000	18,000
Commercial and Industrial | SBA commercial term
Loans Modified as TDRs as of Period End [Abstract]
Accruing	6,000	13,000
Nonaccrual	0	0
Total	$ 6,000	$ 13,000
Loans Modified as TDRs During the Period [Abstract]
Number of Loans | loan		2	2
Pre-Modification Recorded Investment		$ 37,000	$ 15,000
Post-Modification Recorded Investment		$ 37,000	$ 15,000
TDRs By Modification Type During The Period [Abstract]
Number of Loans | loan		2	2
Pre-Modification Recorded Investment		$ 37,000	$ 15,000
Principal
Loans Modified as TDRs During the Period [Abstract]
Number of Loans | loan		2	4
Pre-Modification Recorded Investment		$ 37,000	$ 269,000
TDRs By Modification Type During The Period [Abstract]
Number of Loans | loan		2	4
Pre-Modification Recorded Investment		$ 37,000	$ 269,000
Principal | Real Estate | Commercial property
Loans Modified as TDRs During the Period [Abstract]
Number of Loans | loan			0
Pre-Modification Recorded Investment			$ 0
TDRs By Modification Type During The Period [Abstract]
Number of Loans | loan			0
Pre-Modification Recorded Investment			$ 0
Principal | Real Estate | SBA property
Loans Modified as TDRs During the Period [Abstract]
Number of Loans | loan			2
Pre-Modification Recorded Investment			$ 254,000
TDRs By Modification Type During The Period [Abstract]
Number of Loans | loan			2
Pre-Modification Recorded Investment			$ 254,000
Principal | Commercial and Industrial | SBA commercial term
Loans Modified as TDRs During the Period [Abstract]
Number of Loans | loan		2	2
Pre-Modification Recorded Investment		$ 37,000	$ 15,000
TDRs By Modification Type During The Period [Abstract]
Number of Loans | loan		2	2
Pre-Modification Recorded Investment		$ 37,000	$ 15,000
Principal and Interest
Loans Modified as TDRs During the Period [Abstract]
Number of Loans | loan		0	1
Pre-Modification Recorded Investment		$ 0	$ 341,000
TDRs By Modification Type During The Period [Abstract]
Number of Loans | loan		0	1
Pre-Modification Recorded Investment		$ 0	$ 341,000
Principal and Interest | Real Estate | Commercial property
Loans Modified as TDRs During the Period [Abstract]
Number of Loans | loan			1
Pre-Modification Recorded Investment			$ 341,000
TDRs By Modification Type During The Period [Abstract]
Number of Loans | loan			1
Pre-Modification Recorded Investment			$ 341,000
Principal and Interest | Real Estate | SBA property
Loans Modified as TDRs During the Period [Abstract]
Number of Loans | loan			0
Pre-Modification Recorded Investment			$ 0
TDRs By Modification Type During The Period [Abstract]
Number of Loans | loan			0
Pre-Modification Recorded Investment			$ 0
Principal and Interest | Commercial and Industrial | SBA commercial term
Loans Modified as TDRs During the Period [Abstract]
Number of Loans | loan		0	0
Pre-Modification Recorded Investment		$ 0	$ 0
TDRs By Modification Type During The Period [Abstract]
Number of Loans | loan		0	0
Pre-Modification Recorded Investment		$ 0	$ 0

Loans and Allowance for Loan _9

Loans and Allowance for Loan Losses - Loans Held-For-Sale (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Sales of loans held-for-investment	$ 0	$ 0	$ 0
Loans held-for-sale	37,026,000	1,979,000
Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Transfer of loans to held-for-sale	8,752,000	1,355,000	824,000
Transfer of loans to held-for-investment	0	697,000	0
Purchases of loans held-for-investment	2,139,000	0	1,539,000
Real Estate | Commercial property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Transfer of loans to held-for-sale	8,563,000	0	0
Real Estate | Residential property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Transfer of loans to held-for-sale	189,000	1,125,000	824,000
Transfer of loans to held-for-investment	0	697,000	0
Purchases of loans held-for-investment	2,139,000	0	1,539,000
Loans held-for-sale	0	300,000
Real Estate | SBA property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-sale	33,603,000	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	$ 0
Loans held-for-sale	$ 3,423,000	$ 268,000

Premises and Equipment (Details

Premises and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Total premises and equipment	$ 15,272	$ 15,293
Less: accumulated depreciation	(12,174)	(11,245)
Property, Plant and Equipment, Net	3,098	4,048
Depreciation of premises and equipment	1,375	1,487	$ 1,534
Leasehold improvements
Property, Plant and Equipment [Line Items]
Total premises and equipment	7,552	7,848
Furniture, fixtures and equipment
Property, Plant and Equipment [Line Items]
Total premises and equipment	3,770	3,772
Computer equipment
Property, Plant and Equipment [Line Items]
Total premises and equipment	2,466	2,288
Computer software
Property, Plant and Equipment [Line Items]
Total premises and equipment	$ 1,484	$ 1,385

Operating Leases - Cost and Sup

Operating Leases - Cost and Supplemental Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Leases [Abstract]
Operating lease cost	$ 2,580	$ 2,617	$ 2,632
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	2,760	2,776	2,705
Right-of-use assets obtained in exchange for lease obligations	1,459	950	$ 1,616
Operating leases:
Operating lease assets	6,786	7,616
Operating lease liabilities	$ 7,444	$ 8,455
Weighted-average remaining lease term	4 years	4 years 3 months 18 days
Weighted-average discount rate	2.36%	2.60%

Operating Leases - Maturities o

Operating Leases - Maturities of Operating Lease Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
2022	$ 2,706
2023	2,230
2024	793
2025	753
2026	482
After 2026	710
Total lease payment	7,674
Imputed interest	(230)
Present value of operating lease liabilities	$ 7,444	$ 8,455

Servicing Assets (Details)

Servicing Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Transfers and Servicing [Abstract]
Total servicing assets	$ 7,269	$ 6,400	$ 6,798	$ 7,666
Financial assets transferred and accounted for as a sale	126,800	89,500	99,600
Gain on loans transferred and accounted for as sales	12,800	6,000	5,900
Servicing income	$ 2,800	$ 2,700	$ 2,300

Servicing Assets - Summary of K

Servicing Assets - Summary of Key Assumptions in Fair Value Calculations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Servicing Assets at Fair Value [Line Items]
Carrying amount	$ 7,269	$ 6,400	$ 6,798	$ 7,666
Residential property
Servicing Assets at Fair Value [Line Items]
Carrying amount	86	109	171	244
Fair value	$ 126	$ 133
Discount rates	6.33%	11.25%
Prepayment speeds	24.40%	27.20%
Weighted average remaining life	21 years 10 months 24 days	23 years 1 month 6 days
Underlying loans being serviced	$ 17,443	$ 22,299
SBA property
Servicing Assets at Fair Value [Line Items]
Carrying amount	6,701	5,642	5,805	6,349
Fair value	$ 11,196	$ 8,498
Discount rates	8.75%	13.25%
Prepayment speeds	9.80%	9.99%
Weighted average remaining life	21 years 4 months 24 days	21 years 1 month 6 days
Underlying loans being serviced	$ 442,424	$ 400,982
SBA commercial term
Servicing Assets at Fair Value [Line Items]
Carrying amount	482	649	$ 822	$ 1,073
Fair value	$ 734	$ 888
Discount rates	9.64%	12.75%
Prepayment speeds	12.77%	11.01%
Weighted average remaining life	6 years 2 months 12 days	6 years 7 months 6 days
Underlying loans being serviced	$ 59,839	$ 75,514

Servicing Assets - Summary of C

Servicing Assets - Summary of Changes in Servicing Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Beginning Balance	$ 6,400	$ 6,798	$ 7,666
Additions	2,878	1,550	1,514
Amortization	(2,009)	(1,948)	(2,382)
Ending Balance	7,269	6,400	6,798
Residential property
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Beginning Balance	109	171	244
Additions	0	0	0
Amortization	(23)	(62)	(73)
Ending Balance	86	109	171
SBA property
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Beginning Balance	5,642	5,805	6,349
Additions	2,769	1,408	1,329
Amortization	(1,710)	(1,571)	(1,873)
Ending Balance	6,701	5,642	5,805
SBA commercial term
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Beginning Balance	649	822	1,073
Additions	109	142	185
Amortization	(276)	(315)	(436)
Ending Balance	$ 482	$ 649	$ 822

Other Real Estate Owned (Detail

Other Real Estate Owned (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Other Real Estate Owned [Roll Forward]
Balance at beginning of year	$ 1,401	$ 0	$ 0
Additions	1,960	5,316	395
Sales	(3,361)	(3,915)	(329)
Net change in valuation allowance	0	0	(66)
Balance at end of year	0	1,401	0
Real Estate Owned Valuation Allowance [Roll Forward]
Balance at beginning of year	0	0	0
Additions	0	0	66
Net direct write-downs and removal from sale	0	0	(66)
Balance at end of year	0	0	0
Expenses related to OREOs	8	51	1
Loan provided to purchase	250	1,500	0
Net (gain) loss on sales
Real Estate Owned Valuation Allowance [Roll Forward]
Expenses related to OREOs	(73)	(9)	1
Operating expenses, net of rental income
Real Estate Owned Valuation Allowance [Roll Forward]
Expenses related to OREOs	$ 81	$ 60	$ 0

Deposits (Details)

Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Deposit Liability [Line Items]
Total deposits	$ 1,867,134	$ 1,594,851
Total interest-bearing deposits	1,040,000	1,060,000
Deposits reclassified as loans or overdrafts	39	98
Uninsured deposit liability	919,600	737,200
Uninsured time deposit liability	216,300	224,700
Pledged securities for collateral	110,900	117,800
Brokered deposits	85,000	80,000
Related party deposits	3,900	2,700
California State Treasurer's Deposits
Deposit Liability [Line Items]
Time deposits, $250,000 or more, threshold	$ 100,000	$ 100,000

Deposits - Scheduled Maturities

Deposits - Scheduled Maturities of Time Deposits (Details) $ in Thousands	Dec. 31, 2021USD ($)
Time deposits of $250,000 or less
2022	$ 333,907
2023	5,484
2024	2,204
2025	326
2026	35
Thereafter	0
Total	341,956
Time deposits of more than $250,000
2022	269,107
2023	3,162
2024	0
2025	0
2026	0
Thereafter	0
Total	272,269
Total time deposits
2022	603,014
2023	8,646
2024	2,204
2025	326
2026	35
Thereafter	0
Total	$ 614,225

Federal Home Loan Bank Advanc_3

Federal Home Loan Bank Advances and Other Borrowings (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Fixed Rate
2022	$ 10,000,000
2023	0
2024	0
2025	0
Thereafter	0
Total	10,000,000
Variable Rate
2022	0
2023	0
2024	0
2025	0
Thereafter	0
Total	0
2022	10,000,000
2023	0
2024	0
2025	0
Thereafter	0
Total	$ 10,000,000	$ 80,000,000	$ 20,000,000
Federal Home Loan Bank, Advances, Activity for Year [Abstract]
Weighted-average interest rate at end of year	2.07%	0.67%	1.92%
Average interest rate during the year	0.97%	0.65%	1.86%
Average balance	$ 30,096,000	$ 94,303,000	$ 25,370,000
Maximum amount outstanding at any month-end	80,000,000	170,000,000	35,000,000
Federal Home Loan Bank advances	10,000,000	80,000,000	$ 20,000,000
Loans pledged to secure borrowings	982,700,000	834,400,000
Additional borrowing capacity	516,200,000	425,300,000
FHLB Advances
Federal Home Loan Bank, Advances, Activity for Year [Abstract]
Unused borrowing capacity	29,200,000
Loans pledged as collateral	36,600,000
Borrowings outstanding	0
Overnight federal funds lines, maximum borrowing capacity	65,000,000
FHLB of San Francisco
Federal Home Loan Bank, Advances, Activity for Year [Abstract]
Investment in capital stock of the FHLB	$ 8,400,000	$ 8,300,000
FHLB Advances | Maximum
Debt Instrument [Line Items]
Maturity term	5 years

Shareholders' Equity - Narrativ

Shareholders' Equity - Narrative (Details) - USD ($)	1 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Apr. 08, 2021	Jan. 23, 2020	Mar. 28, 2019
Class of Stock [Line Items]
Authorized amount of shares under repurchase plan						$ 6,500,000	$ 6,500,000
Stock repurchased and retired during period (in shares)	428,474	680,269		396,715
Stock repurchased and retired during period (in dollars per share)	$ 15.14	$ 15.99		$ 16.33
Number of shares authorized to be repurchased					775,000
Repurchase of common stock		$ 10,876,000	$ 6,487,000	$ 6,480,000
Maximum
Class of Stock [Line Items]
Percent of outstanding common stock shares authorized to be repurchased as a percent of common stock outstanding					5.00%

Share-Based Compensation - Narr

Share-Based Compensation - Narrative (Details) - shares	12 Months Ended
	Dec. 31, 2021	Jul. 25, 2013
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options authorized to be purchased		1,114,446
Shares available for grant	468,170
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 Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation	$ 453	$ 715	$ 709
Related tax benefits	84	76	44
Unrecognized Expense
Stock options	341
Restricted stock awards	537
Total unrecognized share-based compensation expense	$ 878
Weighted-Average Remaining Expected Recognition Period	2 years 2 months 12 days
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation	$ 187	562	650
Unrecognized Expense
Weighted-Average Remaining Expected Recognition Period	2 years 4 months 24 days
Restricted stock awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation	$ 266	$ 153	$ 59
Unrecognized Expense
Weighted-Average Remaining Expected Recognition Period	2 years 1 month 6 days

Share-Based Compensation - Valu

Share-Based Compensation - Valuation Assumptions (Details) - Stock options	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate	1.13%	0.00%	2.06%
Expected term	6 years 8 months 15 days		5 years
Expected stock price volatility	27.54%	0.00%	36.10%
Dividend yield	2.64%	0.00%	1.33%

Share-Based Compensation - Opti

Share-Based Compensation - Options, Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cash received from options exercised	$ 1,279	$ 693	$ 626
Weighted-average exercise price per share, granted (in dollars per share)	$ 17.94
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Intrinsic value of options exercised	$ 794	789	851
Cash received from options exercised	1,279	693	627
Tax benefit from options exercised	$ 60	$ 70	$ 31
Weighted-average exercise price per share, granted (in dollars per share)	$ 3.76	$ 0	$ 5.76

Share-Based Compensation - Op_2

Share-Based Compensation - Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options, outstanding at beginning of period (in shares)	718,935
Options, granted (in shares)	50,000
Options, exercised (in shares)	(126,163)
Options, forfeited (in shares)	(10,000)
Options, outstanding at end of year (in shares)	632,772	718,935
Options, exercisable (in shares)	525,673
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)	17.94
Weighted-average exercise price per share, exercised (in dollars per share)	10.14
Weighted-average exercise price per share, forfeited (in dollars per share)	17.47
Weighted-average exercise price per share, outstanding at end of period (in dollars per share)	11.47	$ 10.87
Weighted-average exercise price per share, exercisable (in dollars per share)	$ 10.40
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Weighted-average contractual term, outstanding	4 years 6 months 14 days	5 years 25 days
Weighted-average contractual term, granted	10 years
Weighted-average contractual term, exercised	4 years 2 months 19 days
Weighted-average contractual term, forfeited	8 years
Weighted-average contractual term, exercisable	3 years 10 months 6 days
Aggregate intrinsic value, balance	$ 6,641	$ 0
Aggregate intrinsic value, exercisable	$ 6,078

Share-Based Compensation - Nonv

Share-Based Compensation - Nonvested Options (Details)	12 Months Ended
	Dec. 31, 2021$ / sharesshares
Number of Shares
Unvested options, outstanding at beginning of period (in shares) | shares	121,199
Unvested options, granted (in shares) | shares	50,000
Unvested options, vested (in shares) | shares	(54,100)
Unvested options, forfeited (in shares) | shares	(10,000)
Unvested options, outstanding at end of period (in shares) | shares	107,099
Weighted-Average Exercise Price Per Share
Weighted-average exercise price per share, outstanding at beginning of period (in dollars per share) | $ / shares	$ 15.68
Weighted-average exercise price per share, granted (in dollars per share) | $ / shares	17.94
Weighted-average exercise price per share, vested (in dollars per share) | $ / shares	15.41
Weighted-average exercise price per share, forfeited (in dollars per share) | $ / shares	17.47
Weighted-average exercise price per share, outstanding at end of period (in dollars per share) | $ / shares	$ 16.70

Share-Based Compensation - Rest

Share-Based Compensation - Restricted Stock (Details) - Restricted stock awards - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Number of Shares
Outstanding at beginning of period (in shares)	30,300
Granted (in shares)	35,584
Vested (in shares)	(9,300)
Forfeited (in shares)	(1,300)
Outstanding at end of period (in shares)	55,284	30,300
Weighted-Average Grant Date Fair Value Per Share
Outstanding at beginning of period (in dollars per share)	$ 16.27
Granted (in dollars per share)	10.80
Vested (in dollars per share)	16.46
Forfeited (in dollars per share)		$ 13.23
Outstanding at end of period (in dollars per share)	$ 12.79	$ 16.27

Employee Benefit Plans (Details

Employee Benefit Plans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Retirement Benefits [Abstract]
Employer matching contribution, percent of match	75.00%
Percent of employees gross pay, employer matching contribution	8.00%
Company's contribution to employee benefit plans	$ 901	$ 807	$ 831

Income Taxes - Components of In

Income Taxes - Components of Income Tax (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Current:
Federal	$ 12,117	$ 6,596	$ 8,317
State	6,692	3,910	4,499
Total current income tax expense	18,809	10,506	12,816
Deferred:
Federal	(1,428)	(2,223)	(1,747)
State	(525)	(1,447)	(826)
Total deferred income tax benefit	(1,953)	(3,670)	(2,573)
Total	$ 16,856	$ 6,836	$ 10,243

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of Effective Interest Rate (Details)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Statutory federal tax rate	21.00%	21.00%	21.00%
State and local income taxes, net of federal tax benefit	8.55%	8.45%	8.45%
Share-based compensation	0.05%	0.39%	0.10%
Other items, net	(0.01%)	(0.13%)	0.27%
Effective income tax rate	29.59%	29.71%	29.82%

Income Taxes - Deferred Tax Ass

Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Deferred tax assets:
Allowance for loan losses	$ 6,609	$ 7,790
Share-based compensation	303	335
Loans held-for-sale market adjustment	2,445	419
Operating lease liabilities	2,198	2,485
State tax benefit	1,365	822
Other	360	447
Total deferred tax assets	13,280	12,298
Deferred tax liabilities:
Depreciation on premises and equipment	208	394
Unrealized gain on investment securities	4	754
Deferred loan origination costs	177	732
Operating lease assets	2,004	2,238
Other	63	60
Total deferred tax liabilities	2,456	4,178
Deferred tax assets, net	$ 10,824	$ 8,120

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Valuation allowance	$ 0	$ 0
Tax penalties accrued	0	0
Tax interest accrued	$ 0	$ 0

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Basic earnings per share:
Net income	$ 40,103	$ 16,175	$ 24,108
Less: income allocated to unvested restricted stock	(156)	(37)	(22)
Net income allocated to common stock	$ 39,947	$ 16,138	$ 24,086
Weighted-average total common shares outstanding (in shares)	15,076,183	15,419,455	15,887,566
Less: weighted-average unvested restricted stock (in shares)	(58,546)	(35,224)	(14,183)
Weighted-average common shares outstanding, basic (in shares)	15,017,637	15,384,231	15,873,383
Basic earnings per share (in dollars per share)	$ 2.66	$ 1.05	$ 1.52
Diluted earnings per share:
Net income allocated to common stock	$ 39,947	$ 16,138	$ 24,086
Weighted-average common shares outstanding, basic (in shares)	15,017,637	15,384,231	15,873,383
Diluted effect of stock options (in shares)	236,183	64,661	298,899
Diluted weighted-average common shares outstanding (in shares)	15,253,820	15,448,892	16,172,282
Diluted earnings per share (in dollars per share)	$ 2.62	$ 1.04	$ 1.49
Stock options excluded in computing diluted earnings per share (in shares)	65,000	601,019	155,000

Commitments and Contingencies_2

Commitments and Contingencies (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Other Commitments [Line Items]
Data breach expense	$ 100
Fixed Rate Loan
Other Commitments [Line Items]
Other commitment	12,025	$ 11,346
Variable Rate Loan
Other Commitments [Line Items]
Other commitment	192,382	186,935
SEC Schedule, 12-09, Reserve, Off-balance Sheet Activity
Other Commitments [Line Items]
Valuation reserve	214	238
Unused lines of Credit | Fixed Rate Loan
Other Commitments [Line Items]
Other commitment	8,261	6,623
Unused lines of Credit | Variable Rate Loan
Other Commitments [Line Items]
Other commitment	$ 160,739	150,247
Unfunded Loan Commitment
Other Commitments [Line Items]
Loan commitments, maturity term	90 days
Unfunded Loan Commitment | SBA Loans
Other Commitments [Line Items]
Loan commitments, maturity term	180 days
Unfunded Loan Commitment | Fixed Rate Loan
Other Commitments [Line Items]
Other commitment	$ 595	1,752
Unfunded Loan Commitment | Variable Rate Loan
Other Commitments [Line Items]
Other commitment	29,688	34,874
Standby letters of credit | Fixed Rate Loan
Other Commitments [Line Items]
Other commitment	3,078	2,971
Standby letters of credit | Variable Rate Loan
Other Commitments [Line Items]
Other commitment	1,431	1,814
Commercial letters of credit | Fixed Rate Loan
Other Commitments [Line Items]
Other commitment	91	0
Commercial letters of credit | Variable Rate Loan
Other Commitments [Line Items]
Other commitment	$ 524	$ 0

Regulatory Matters (Details)

Regulatory Matters (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 16, 2021	Dec. 31, 2020
To Be Well Capitalized Under Prompt Corrective Provisions
Pending ECIP investment		$ 69,100
PCB Bancorp
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Capital conservation buffer	8.04%		9.22%
Actual
Common tier 1 capital (to risk-weighted assets), amount	$ 255,650		$ 231,183
Common tier 1 capital (to risk-weighted assets), ratio	0.1479		0.1597
Total capital (to risk-weighted assets), amount	$ 277,263		$ 249,391
Total capital (to risk-weighted assets), ratio	0.1604		0.1722
Tier 1 capital (to risk-weighted assets), amount	$ 255,650		$ 231,183
Tier 1 capital (to risk-weighted assets), ratio	0.1479		0.1597
Tier 1 capital (to average assets), amount	$ 255,650		$ 231,183
Tier 1 capital (to average assets), ratio	0.1211		0.1194
Minimum Capital Requirement
Common tier 1 capital (to risk-weighted assets), amount	$ 77,762		$ 65,162
Common tier 1 capital (to risk-weighted assets), ratio	4.50%		4.50%
Total capital (to risk-weighted assets), amount	$ 138,244		$ 115,843
Total capital (to risk-weighted assets), ratio	0.080		0.080
Tier 1 capital (to risk-weighted assets), amount	$ 103,683		$ 86,882
Tier 1 capital (to risk-weighted assets), ratio	0.060		0.060
Tier 1 capital (to average assets), amount	$ 84,445		$ 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	7.73%		8.95%
Actual
Common tier 1 capital (to risk-weighted assets), amount	$ 250,145		$ 227,268
Common tier 1 capital (to risk-weighted assets), ratio	0.1448		0.1570
Total capital (to risk-weighted assets), amount	$ 271,757		$ 245,474
Total capital (to risk-weighted assets), ratio	0.1573		0.1695
Tier 1 capital (to risk-weighted assets), amount	$ 250,145		$ 227,268
Tier 1 capital (to risk-weighted assets), ratio	0.1448		0.1570
Tier 1 capital (to average assets), amount	$ 250,145		$ 227,268
Tier 1 capital (to average assets), ratio	0.1185		0.1174
Minimum Capital Requirement
Common tier 1 capital (to risk-weighted assets), amount	$ 77,761		$ 65,160
Common tier 1 capital (to risk-weighted assets), ratio	4.50%		4.50%
Total capital (to risk-weighted assets), amount	$ 138,241		$ 115,840
Total capital (to risk-weighted assets), ratio	0.080		0.080
Tier 1 capital (to risk-weighted assets), amount	$ 103,681		$ 86,880
Tier 1 capital (to risk-weighted assets), ratio	0.060		0.060
Tier 1 capital (to average assets), amount	$ 84,443		$ 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	$ 112,321		$ 94,120
Common tier 1 capital (to risk-weighted assets), ratio	6.50%		6.50%
Total capital (to risk-weighted assets), amount	$ 172,801		$ 144,800
Total capital (to risk-weighted assets), ratio	0.100		0.100
Tier 1 capital (to risk-weighted assets), amount	$ 138,241		$ 115,840
Tier 1 capital (to risk-weighted assets), ratio	0.080		0.080
Tier 1 capital (to average assets), amount	$ 105,554		$ 96,813
Tier 1 capital (to average assets), ratio	0.050		0.050

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disaggregation of Revenue [Line Items]
Service charges and fees on deposits	$ 2,369	$ 2,231	$ 2,551
Service charges and fees on deposits
Disaggregation of Revenue [Line Items]
Service charges and fees on deposits	1,195	1,256	1,544
Monthly service fees
Disaggregation of Revenue [Line Items]
Service charges and fees on deposits	81	91	113
Account analysis fees
Disaggregation of Revenue [Line Items]
Service charges and fees on deposits	885	860	972
Non-sufficient funds charges
Disaggregation of Revenue [Line Items]
Service charges and fees on deposits	165	228	364
Other deposit related fees
Disaggregation of Revenue [Line Items]
Service charges and fees on deposits	64	77	95
Debit card fees
Disaggregation of Revenue [Line Items]
Service charges and fees on deposits	306	252	272
Gain (loss) on sale of other real estate owned
Disaggregation of Revenue [Line Items]
Service charges and fees on deposits	74	9	(1)
Wire transfer fees
Disaggregation of Revenue [Line Items]
Service charges and fees on deposits	596	530	515
Other service charges
Disaggregation of Revenue [Line Items]
Service charges and fees on deposits	$ 198	$ 184	$ 221

Condensed Financial Statement_3

Condensed Financial Statements for Parent Company - Condensed Balance Sheets (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Assets
Other assets	$ 5,122	$ 3,815
Total assets	2,149,735	1,922,853
Liabilities and Shareholders’ Equity
Total liabilities	1,893,449	1,689,065
Total shareholders’ equity	256,286	233,788	$ 226,834	$ 210,296
Total liabilities and shareholders’ equity	2,149,735	1,922,853
PCB Bancorp
Assets
Cash	5,451	3,873
Investment in Pacific City Bank	250,780	229,871
Other assets	55	44
Total assets	256,286	233,788
Liabilities and Shareholders’ Equity
Total liabilities	0	0
Total shareholders’ equity	256,286	233,788
Total liabilities and shareholders’ equity	$ 256,286	$ 233,788

Condensed Financial Statement_4

Condensed Financial Statements for Parent Company - Condensed Statements of Income and Comprehensive Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income:
Other income	$ 1,429	$ 1,247	$ 1,234
Expense:
Other expenses	3,141	3,267	3,684
Total noninterest expense	43,208	41,699	42,315
Income before income taxes	56,959	23,011	34,351
Income tax benefit	16,856	6,836	10,243
Net income	40,103	16,175	24,108
Other comprehensive income (loss), net of tax	(1,802)	2,013	1,590
Total comprehensive income	38,301	18,188	25,698
PCB Bancorp
Income:
Dividends from subsidiary	18,375	13,600	11,950
Other income	0	0	0
Total income	18,375	13,600	11,950
Expense:
Other expenses	753	798	835
Total noninterest expense	753	798	835
Income before income taxes	17,622	12,802	11,115
Income tax benefit	(223)	(234)	(245)
Income before equity in undistributed subsidiary income	17,845	13,036	11,360
Equity in undistributed subsidiary income	22,258	3,139	12,748
Net income	40,103	16,175	24,108
Other comprehensive income (loss), net of tax	(1,802)	2,013	1,590
Total comprehensive income	$ 38,301	$ 18,188	$ 25,698

Condensed Financial Statement_5

Condensed Financial Statements for Parent Company - Cash Flow (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash flows from operating activities
Net income	$ 40,103	$ 16,175	$ 24,108
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Net cash provided by (used in) operating activities	(1,617)	17,093	30,120
Cash flows from investing activities:
Net cash used in investing activities	(175,223)	(132,818)	(61,903)
Cash flows from financing activities:
Restricted stock surrendered due to employee tax liability	(4)	(2)	0
Repurchase of common stock	(10,876)	(6,487)	(6,480)
Stock options exercised	1,279	693	626
Cash dividends paid on common stock	(6,655)	(6,153)	(3,962)
Net cash provided by financing activities	186,027	163,595	15,738
Net increase (decrease) in cash and cash equivalents	9,187	47,870	(16,045)
Cash and cash equivalents at beginning of year	194,098	146,228	162,273
Cash and cash equivalents at end of year	203,285	194,098	146,228
PCB Bancorp
Cash flows from operating activities
Net income	40,103	16,175	24,108
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Equity in undistributed subsidiary income	(22,258)	(3,139)	(12,748)
Change in other assets	(11)	47	(40)
Change in other liabilities	0	0	(19)
Net cash provided by (used in) operating activities	17,834	13,083	11,301
Cash flows from investing activities:
Capital contribution to subsidiary	0	0	0
Net cash used in investing activities	0	0	0
Cash flows from financing activities:
Restricted stock surrendered due to employee tax liability	(4)	(2)	0
Repurchase of common stock	(10,876)	(6,487)	(6,480)
Stock options exercised	1,279	693	626
Cash dividends paid on common stock	(6,655)	(6,153)	(3,962)
Net cash provided by financing activities	(16,256)	(11,949)	(9,816)
Net increase (decrease) in cash and cash equivalents	1,578	1,134	1,485
Cash and cash equivalents at beginning of year	3,873	2,739	1,254
Cash and cash equivalents at end of year	$ 5,451	$ 3,873	$ 2,739

Subsequent Events (Details)

Subsequent Events (Details) - $ / shares	Jan. 27, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Subsequent Event [Line Items]
Cash dividends declared (in dollars per share)		$ 0.44	$ 0.40	$ 0.25
Subsequent Event
Subsequent Event [Line Items]
Cash dividends declared (in dollars per share)	$ 0.15

Uncategorized Items - pcb-20211

Label	Element	Value
Accounting Standards Update [Extensible Enumeration]	us-gaap_AccountingStandardsUpdateExtensibleList	Accounting Standards Update 2016-02 [Member]