PCB Bancorp (PCB) 10-Q 5 May 22 2022 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2022	Apr. 28, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2022
Document Transition Report	false
Entity File Number	001-38621
Entity Registrant Name	PCB BANCORP
Entity Incorporation, State or Country Code	CA
Entity Tax Identification Number	20-8856755
Entity Address, Address Line One	3701 Wilshire Boulevard
Entity Address, Address Line Two	Suite 900
Entity Address, City or Town	Los Angeles
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90010
City Area Code	213
Local Phone Number	210-2000
Title of 12(b) Security	Common stock, no par value
Trading Symbol	PCB
Security Exchange Name	NASDAQ
Entity current reporting status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity small business	true
Entity emerging growth company	true
Transition period	true
Entity shell company	false
Entity Common Stock, Shares Outstanding		14,951,760
Current Fiscal Year End Date	--12-31
Amendment Flag	false
Entity Central Index Key	0001423869
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Assets
Cash and due from banks	$ 19,693	$ 15,222
Interest-bearing deposits in other financial institutions	230,519	188,063
Total cash and cash equivalents	250,212	203,285
Securities available-for-sale, at fair value	131,345	123,198
Loans held-for-sale	18,340	37,026
Loans held-for-investment, net of deferred loan costs (fees)	1,742,955	1,732,205
Allowance for loan losses	(21,198)	(22,381)
Net loans held-for-investment	1,721,757	1,709,824
Premises and equipment, net	3,106	3,098
Federal Home Loan Bank and other restricted stock, at cost	8,577	8,577
Bank-owned life insurance	29,530	29,358
Deferred tax assets, net	11,895	10,824
Servicing assets	7,533	7,269
Operating lease assets	6,511	6,786
Accrued interest receivable	5,050	5,368
Other assets	5,886	5,122
Total assets	2,199,742	2,149,735
Deposits:
Noninterest-bearing demand	891,797	830,383
Savings, NOW and money market accounts	463,638	422,526
Time deposits of $250,000 or less	281,100	341,956
Time deposits of more than $250,000	273,844	272,269
Total deposits	1,910,379	1,867,134
Federal Home Loan Bank advances	10,000	10,000
Operating lease liabilities	7,176	7,444
Accrued interest payable and other liabilities	11,129	8,871
Total liabilities	1,938,684	1,893,449
Commitments and contingencies
Preferred stock, 10,000,000 shares authorized, no par value, no issued and outstanding shares	0	0
Common stock, 60,000,000 shares authorized, no par value; 14,944,663 and 14,865,825 shares issued and outstanding, respectively, and included 68,822 and 55,284 shares of unvested restricted stock, respectively, at March 31, 2022 and December 31, 2021	155,614	154,992
Retained earnings	109,142	101,140
Accumulated other comprehensive income (loss), net	(3,698)	154
Total shareholders’ equity	261,058	256,286
Total liabilities and shareholders’ equity	$ 2,199,742	$ 2,149,735

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - shares	Mar. 31, 2022	Dec. 31, 2021
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)	14,944,663	14,865,825
Common stock, outstanding (in shares)	14,944,663	14,865,825
Restricted stock awards
Unvested restricted stock (in shares)	68,822	55,284

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Interest and dividend income:
Loans, including fees	$ 20,190	$ 18,744
Tax-exempt investment securities	36	36
Taxable investment securities	440	324
Other interest-earning assets	228	154
Total interest income	20,894	19,258
Interest expense:
Deposits	850	1,311
Other borrowings	51	128
Total interest expense	901	1,439
Net interest income	19,993	17,819
Reversal for loan losses	(1,191)	(1,147)
Net interest income after reversal for loan losses	21,184	18,966
Noninterest income:
Service charges and fees on deposits	591	614
Loan servicing income	700	882
Bank-owned life insurance income	172	0
Gain on sale of loans	3,777	1,322
Other income	334	360
Total noninterest income	5,286	2,857
Noninterest expense:
Salaries and employee benefits	8,595	6,182
Occupancy and equipment	1,397	1,371
Professional fees	403	494
Marketing and business promotion	207	138
Data processing	404	377
Director fees and expenses	169	138
Regulatory assessments	141	208
Other expenses	755	761
Total noninterest expense	12,071	9,669
Income before income taxes	14,399	12,154
Income tax expense	4,159	3,594
Net income	$ 10,240	$ 8,560
Earnings per common share, basic (in dollars per share)	$ 0.69	$ 0.55
Earnings per common share, diluted (in dollars per share)	$ 0.67	$ 0.55
Weighted-average common shares outstanding, basic (in shares)	14,848,014	15,384,343
Weighted-average common shares outstanding, diluted (in shares)	15,141,693	15,533,608
Service charges and fees on deposits
Noninterest income:
Service charges and fees on deposits	$ 303	$ 293

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 10,240	$ 8,560
Other comprehensive loss:
Unrealized loss on securities available-for-sale arising during the period	(5,467)	(1,556)
Income tax benefit related to items of other comprehensive loss	1,615	458
Total other comprehensive loss, net of tax	(3,852)	(1,098)
Total comprehensive income	$ 6,388	$ 7,462

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock	Retained Earnings	Accumulated Other Comprehensive Income (Loss)
Beginning balance at Dec. 31, 2020	$ 233,788	$ 164,140	$ 67,692	$ 1,956
Beginning balance (in shares) at Dec. 31, 2020		15,385,878
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	8,560		8,560
Other comprehensive loss, net of tax	(1,098)			(1,098)
Issuance of restricted stock (in shares)		33,784
Forfeiture of restricted stock (in shares)		(1,000)
Share-based compensation expense	90	$ 90
Stock options exercised (in shares)		49,580
Stock options exercised	468	$ 468
Cash dividends declared on common stock	(1,545)		(1,545)
Ending balance at Mar. 31, 2021	240,263	$ 164,698	74,707	858
Ending balance (in shares) at Mar. 31, 2021		15,468,242
Beginning balance at Dec. 31, 2021	$ 256,286	$ 154,992	101,140	154
Beginning balance (in shares) at Dec. 31, 2021	14,865,825	14,865,825
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 10,240		10,240
Other comprehensive loss, net of tax	(3,852)			(3,852)
Issuance of restricted stock (in shares)		25,000
Forfeiture of restricted stock (in shares)		(200)
Share-based compensation expense	$ 141	$ 141
Stock options exercised (in shares)	54,038	54,038
Stock options exercised	$ 481	$ 481
Cash dividends declared on common stock	(2,238)		(2,238)
Ending balance at Mar. 31, 2022	$ 261,058	$ 155,614	$ 109,142	$ (3,698)
Ending balance (in shares) at Mar. 31, 2022	14,944,663	14,944,663

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Stockholders' Equity [Abstract]
Cash dividends declared (in dollars per share)	$ 0.15	$ 0.10

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash flows from operating activities
Net income	$ 10,240	$ 8,560
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of premises and equipment	309	368
Net amortization of premiums on securities	135	310
Net accretion of discounts on loans	(908)	(745)
Net accretion of deferred loan fees	(1,165)	(1,220)
Amortization of servicing assets	531	391
Reversal for loan losses	(1,191)	(1,147)
Bank-owned life insurance income	(172)	0
Deferred tax expense	544	408
Stock-based compensation	141	90
Gain on sale of loans	(3,777)	(1,322)
Originations of loans held-for-sale	(21,240)	(20,425)
Proceeds from sales of and principal collected on loans held-for-sale	43,894	20,150
Change in accrued interest receivable and other assets	(780)	1,467
Change in accrued interest payable and other liabilities	2,601	1,905
Net cash provided by operating activities	29,162	8,790
Cash flows from investing activities
Purchase of securities available-for-sale	(19,915)	(20,223)
Proceeds from maturities and paydowns of securities available-for-sale	6,166	11,770
Net change in loans held-for-investment	(9,655)	(101,500)
Proceeds from sale of other real estate owned	0	1,100
Purchases of premises and equipment	(319)	(98)
Net cash used in investing activities	(23,723)	(108,951)
Cash flows from financing activities
Net change in deposits	43,245	158,920
Repayment of long-term Federal Home Loan Bank advances	0	(40,000)
Stock options exercised	481	468
Cash dividends paid on common stock	(2,238)	(1,545)
Net cash provided by financing activities	41,488	117,843
Net increase in cash and cash equivalents	46,927	17,682
Cash and cash equivalents at beginning of period	203,285	194,098
Cash and cash equivalents at end of period	250,212	211,780
Supplemental disclosures of cash flow information:
Interest paid	1,102	2,678
Income taxes paid	36	24
Supplemental disclosures of non-cash investment activities:
Loans transferred to other real estate owned	0	905
Right of use assets obtained in exchange for lease obligations	$ 335	$ 105

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies	3 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Significant Accounting Policies	Basis of Presentation and Significant Accounting Policies Nature of Operations PCB Bancorp is a bank holding company whose subsidiary is Pacific City Bank (the “Bank”), which is a single operating segment. As of March 31, 2022, the Bank operated 11 full-service branches and two regional offices in Los Angeles and Orange counties, California, one full-service branch in each of Englewood Cliffs, New Jersey and Bayside, New York, and 7 out-of-state loan production offices (“LPOs”) in Annandale, Virginia; Atlanta, Georgia; Chicago, Illinois; Bellevue, Washington; Aurora, Colorado; and Carrollton, Texas. The Bank offers a broad range of loans, deposits, and other products and services predominantly to small and middle market businesses and individuals. Basis of Presentation The accompanying unaudited interim consolidated financial statements have been prepared pursuant to Article 10 of SEC Regulation S-X and other SEC rules and regulations for reporting on the Quarterly Report on Form 10-Q. Accordingly, certain disclosures required by U.S. generally accepted accounting principles (“GAAP”) are not included herein. These interim statements should be read in conjunction with the audited consolidated financial statements and notes included in the Annual Report on Form 10-K for the year ended December 31, 2021 filed by the Company with the SEC. The December 31, 2021 balance sheet presented herein has been derived from the audited financial statements included in the Annual Report on Form 10-K for the year ended December 31, 2021 filed with the SEC, but does not include all of the disclosures required by GAAP for complete financial statements. In the opinion of management of the Company, the accompanying unaudited interim consolidated financial statements reflect all of the adjustments (consisting of normal recurring adjustments) necessary for a fair presentation of the consolidated financial condition and consolidated results of operations as of the dates and for the periods presented. Certain reclassifications have been made in the prior period financial statements to conform to the current period presentation. The results of operations for the three months ended March 31, 2022 are not necessarily indicative of the results that may be expected for the year ending December 31, 2022. Principles of Consolidation The consolidated financial statements include the accounts of PCB Bancorp and its wholly owned subsidiary as of March 31, 2022 and December 31, 2021, and for the three months ended March 31, 2022 and 2021. Significant inter-company accounts and transactions have been eliminated in consolidation. Unless the context requires otherwise, all references to the Company include its wholly owned subsidiary. Significant Accounting Policies The accounting and reporting policies of the Company are based upon GAAP and conform to predominant practices within the banking industry. The Company has not made any significant changes in its critical accounting policies from those disclosed in its Annual Report on Form 10-K for the year ended December 31, 2021 filed with the SEC. Use of Estimates in the Preparation of Financial Statements The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. These estimates are subject to change and such change could have a material effect on the consolidated financial statements. Actual results may differ from those estimates. Loan Modifications Related to the COVID-19 Pandemic As a part of the CARES Act, the temporary relief from troubled debt restructurings (“TDRs”) provided an option for financial institutions to suspend the GAAP requirements and regulatory determinations for loan modifications related to the COVID-19 pandemic that would otherwise be categorized as a TDR from March 1, 2020, through the earlier of 60 days after the date of the COVID-19 National Emergency comes to an end or December 31, 2020, if the loan was not more than 30 days past due as of December 31, 2019. On April 7, 2020, the federal banking regulators also issued the Interagency Statement to encourage banks to work prudently with borrowers and describe the banking regulators’ interpretation of how accounting rules for TDR apply to certain modifications related to the COVID-19 pandemic. On December 27, 2020, the Economic Aid Act was signed into law, which extended the applicable period of the temporary relief from TDRs under the CARES Act to the earlier of 60 days after the date of the COVID-19 National Emergency comes to an end or January 1, 2022. As of March 31, 2022 and December 31, 2021, the Company had no loans under modified terms related to the COVID-19 pandemic. All 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 had 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. All of these loans were monitored on an ongoing basis in accordance with each loan’s covenants and conditions for potential changes in risk rating or accrual status. Small Business Administration Paycheck Protection Program The Small Business Administration (“SBA”) launched the Paycheck Protection Program (“PPP”) to provide a direct incentive for small businesses to keep their workers on the payroll in response to the COVID-19 pandemic. The SBA guarantees 100% of the PPP loans made to eligible borrowers, and the loans are eligible to be forgiven if certain conditions are met, at which point the SBA will make payments to the Bank for the forgiven amounts. These loans are included in the commercial and industrial loans portfolio and have an interest rate of 1%. The substantial majority of the SBA PPP loans funded in 2020 in the Company’s portfolio have a maturity of two years. On January 13, 2021, the SBA began accepting applications for second draw PPP loans. SBA PPP loans funded in 2021 have a maturity of five years. The Company defers loan origination fees on SBA PPP loans and amortizes these deferred fees and costs without prepayment assumption using the contractual lives of SBA PPP loans. As of March 31, 2022 and December 31, 2021, the Company had SBA PPP loans of $22.9 million and $65.3 million, respectively. The SBA guarantee on PPP loans cannot be separated from the loan and therefore is not a separate unit of account. The Company considered the SBA guarantee in the allowance for loan losses evaluation and determined that it is not required to reserve an allowance on SBA PPP loans at March 31, 2022 and December 31, 2021. Adopted Accounting Pronouncements During the three months ended March 31, 2022, there were no significant accounting pronouncements applicable to the Company that became effective. Recent Accounting Pronouncements Not Yet Adopted The following is recently issued accounting pronouncements applicable to the Company that has not yet been adopted: In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-13, “Financial Instruments-Credit Losses (Topic 326).” The amendments in this ASU require that entities change the impairment model for most financial assets that are measured at amortized cost and certain other instruments from an incurred loss model to an expected loss model. Under this model, entities will estimate credit losses over the entire contractual term of the instrument from the date of initial recognition of that instrument. It includes financial assets such as loan receivables, held-to-maturity debt securities, net investment in leases that are not accounted for at fair value through net income, and certain off-balance sheet credit exposures. This ASU was effective for public business entities that are SEC filers for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. In 2019, the FASB amended this ASU, which delays the effective date to 2023 for certain SEC filers that are Smaller Reporting Companies, which would apply to the Company. The Company plans to adopt this ASU, as well as any subsequent ASUs related to 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. In March 2022, the FASB issued ASU 2022-02, “Financial Instruments-Credit Losses (Topic 326) - Troubled Debt Restructuring and Vintage Disclosures.” The amendments in this ASU eliminates the accounting guidance for TDRs by creditors in ASC 310-40, “ Receivables - Troubled Debt Restructurings by Creditors, ”

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Accounting Standards Codification (“ASC”) 820, Fair Value Measurements and Disclosures, defines fair value, establishes a framework for measuring fair value including a three-level valuation hierarchy, and expands disclosures about fair value measurements. Fair value is the exchange price that would be received for an asset or paid to transfer a liability (i.e. an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The three-level fair value hierarchy requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The three levels of inputs that may be used to measure fair value are defined as follows: • Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. • Level 2: Significant observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. • Level 3: Significant unobservable inputs that reflect a reporting entity’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. Fair value is measured on a recurring basis for certain assets and liabilities in which fair value is the primary basis of accounting. Additionally, fair value is used on a non-recurring basis to evaluate certain assets or liabilities for impairment or for disclosure purposes. Categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The Company records securities available-for-sale at fair value on a recurring basis. Certain other assets, such as loans held-for-sale, impaired loans, servicing assets and other real estate owned (“OREO”) are recorded at fair value on a non-recurring basis. Non-recurring fair value measurements typically involve assets that are periodically evaluated for impairment and for which any impairment is recorded in the period in which the re-measurement is performed. The following is a description of valuation methodologies used for assets and liabilities recorded at fair value: Investment securities : The fair values of securities available-for-sale are determined by obtaining quoted prices on nationally recognized securities exchanges (Level 1) or matrix pricing, which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted prices for specific securities but rather by relying on the securities’ relationship to other benchmark quoted securities (Level 2). Management reviews the valuation techniques and assumptions used by the provider and determines that the provider uses widely accepted valuation techniques based on observable market inputs appropriate for the type of security being measured. Securities held-to-maturity are not measured at fair value on a recurring basis. Loans held-for-sale : The Company records SBA loans held-for-sale, residential property loans held-for-sale and certain non-residential real estate loans held-for-sale at the lower of cost or fair value, on an aggregate basis. The Company obtains fair values from a third party independent valuation service provider. Loans held-for-sale accounted for at the lower of cost or fair value are considered to be recognized at fair value when they are recorded at below cost, on an aggregate basis, and are classified as Level 2. Impaired loans : Certain collateral-dependent impaired loans are recognized at fair value when they reflect 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. In some cases, the properties for which market quotes or appraised values have been obtained are located in areas where comparable sales data is limited, outdated, or unavailable. Fair value estimates for collateral-dependent impaired loans are obtained from real estate brokers or other third-party consultants, and are classified as Level 3. Other real estate owned : The Company initially records OREO at fair value at the time of foreclosure. Thereafter, OREO is recorded at the lower of cost or fair value based on their subsequent changes in fair value. The fair value of OREO is generally based on recent real estate appraisals adjusted for estimated selling costs. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the appraisers to adjust for differences between the comparable sales and income data available. Such adjustments may be significant and result in a Level 3 classification due to the unobservable inputs used for determining fair value. Only OREO with a valuation allowance are considered to be carried at fair value. Servicing Assets: Servicing assets represent the value associated with servicing loans that have been sold. The fair value for servicing assets is determined through discounted cash flow analysis and utilizes discount rates and prepayment speed assumptions as inputs. All of these assumptions require a significant degree of management estimation and judgment. The fair market valuation is performed on a quarterly basis for servicing assets. Servicing assets are accounted for at the lower of cost or market value and considered to be recognized at fair value when they are recorded at below cost and are classified as Level 3. Assets and Liabilities Measured at Fair Value on a Recurring Basis The following table presents the Company’s assets and liabilities measured at fair value on a recurring basis as of dates indicated: Fair Value Measurement Level ($ in thousands) Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs Significant Unobservable Inputs Total March 31, 2022 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ — $ 82,232 $ — $ 82,232 Residential collateralized mortgage obligations — 27,097 — 27,097 SBA loan pool securities — 11,627 — 11,627 Municipal bonds — 5,471 — 5,471 Corporate bonds — 4,918 — 4,918 Total securities available-for-sale — 131,345 — 131,345 Total assets measured at fair value on a recurring basis $ — $ 131,345 $ — $ 131,345 Total liabilities measured at fair value on a recurring basis $ — $ — $ — $ — December 31, 2021 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ — $ 84,713 $ — $ 84,713 Residential 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 $ — $ — $ — $ — Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis The following table presents the Company’s assets and liabilities measured at fair value on a non-recurring basis as of dates indicated: Fair Value Measurement Level ($ in thousands) Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs Significant Unobservable Inputs Total March 31, 2022 Total assets measured at fair value on a non-recurring basis $ — $ — $ — $ — Total liabilities measured at fair value on a non-recurring basis $ — $ — $ — $ — 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 $ — $ — $ — $ — 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 date 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 For assets measured at fair value, the following table presents the total net gains (losses), which include charge-offs, recoveries, and specific reserves recorded for the periods indicated: Three Months Ended March 31, ($ in thousands) 2022 2021 Collateral dependent impaired loans: SBA property $ — $ (17) Commercial lines of credit — 136 SBA commercial term — (5) Other real estate owned — 75 Net gains (losses) recognized $ — $ 189 Fair Value of Financial Instruments The following table presents the carrying value and estimated fair values of financial assets and liabilities as of the dates indicated: Carrying Value Fair Value Fair Value Measurements ($ in thousands) Level 1 Level 2 Level 3 March 31, 2022 Financial assets: Interest-bearing deposits in other financial institutions $ 230,519 $ 230,519 $ 230,519 $ — $ — Securities available-for-sale 131,345 131,345 — 131,345 — Loans held-for-sale 18,340 20,286 — 20,286 — Net loans held-for-investment 1,721,757 1,726,579 — — 1,726,579 Federal Home Loan Bank (“FHLB”) and other restricted stock 8,577 N/A N/A N/A N/A Accrued interest receivable 5,050 5,050 21 281 4,748 Financial liabilities: Deposits $ 1,910,379 $ 1,908,619 $ — $ — $ 1,908,619 FHLB advances 10,000 10,027 — 10,027 — Accrued interest payable 570 571 — 1 570 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

Investment Securities

Investment Securities	3 Months Ended
	Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Investment Securities	Investment Securities The following table presents the amortized cost and fair value of the securities available-for-sale as of the dates indicated: ($ in thousands) Amortized Cost Gross Unrealized Gain Gross Unrealized Loss Fair Value March 31, 2022 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ 87,288 $ 3 $ (5,059) $ 82,232 Residential collateralized mortgage obligations 27,419 22 (344) 27,097 SBA loan pool securities 11,774 33 (180) 11,627 Municipal bonds 5,318 154 (1) 5,471 Corporate bonds 5,000 — (82) 4,918 Total securities available-for-sale $ 136,799 $ 212 $ (5,666) $ 131,345 December 31, 2021 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ 85,346 $ 625 $ (1,258) $ 84,713 Residential 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 As of March 31, 2022 and December 31, 2021, pledged securities were $110.7 million and $110.9 million, respectively. These securities were pledged for the State Deposit from the California State Treasurer. The following table presents the amortized cost and fair value of the securities available-for-sale by contractual maturity as of the date indicated. Expected maturities may differ from contractual maturities, if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately. March 31, 2022 ($ in thousands) Amortized Cost Fair Value Within one year $ 302 $ 303 One to five years 1,845 1,852 Five to ten years 5,826 5,747 Greater than ten years 2,345 2,487 Residential mortgage-backed securities, residential collateralized mortgage obligations and SBA loan pool securities 126,481 120,956 Total $ 136,799 $ 131,345 The Company had no proceeds from sales and calls of securities available-for-sale during the three months ended March 31, 2022 and 2021. The following table summarizes the investment securities with unrealized losses by security type and length of time in a continuous unrealized loss position as of the dates indicated: Length of Time that Individual Securities Have Been In a Continuous Unrealized Loss Position Less Than 12 Months 12 Months or Longer Total ($ in thousands) Fair Value Gross Unrealized Losses Number of Securities Fair Value Gross Unrealized Losses Number of Securities Fair Value Gross Unrealized Losses Number of Securities March 31, 2022 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ 59,115 $ (2,806) 87 $ 22,661 $ (2,253) 14 $ 81,776 $ (5,059) 101 Residential collateralized mortgage obligations 7,706 (344) 28 — — — 7,706 (344) 28 SBA loan pool securities 7,302 (178) 11 85 (2) 1 7,387 (180) 12 Municipal bonds 261 (1) 1 — — — 261 (1) 1 Corporate bonds 4,918 (82) 1 — — — 4,918 (82) 1 Total securities available-for-sale $ 79,302 $ (3,411) 128 $ 22,746 $ (2,255) 15 $ 102,048 $ (5,666) 143 December 31, 2021 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ 46,945 $ (931) 32 $ 8,885 $ (327) 5 $ 55,830 $ (1,258) 37 Residential 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 The Company performs an other-than-temporary impairment (“OTTI”) assessment at least on a quarterly basis. OTTI is recognized when fair value is below the amortized cost where: (i) an entity has the intent to sell the security; (ii) it is more likely than not that an entity will be required to sell the security before recovery of its amortized cost basis; or (iii) an entity does not expect to recover the entire amortized cost basis of the security. All individual securities in a continuous unrealized loss position for 12 months or more as of March 31, 2022 and December 31, 2021 had an investment grade rating upon purchase. The issuers of these securities have not established any cause for default on these securities and various rating agencies have reaffirmed their long-term investment grade status as of March 31, 2022 and December 31, 2021. These securities have fluctuated in value since their purchase dates as market interest rates fluctuated. The Company does not intend to sell these securities and it is more likely than not that the Company will not be required to sell before the recovery of its amortized cost basis. The Company determined that the investment securities with unrealized losses for twelve months or more are not other-than-temporary impaired, and, therefore, no impairment was recognized during the three months ended March 31, 2022 and 2021.

Loans and Allowance for Loan Lo

Loans and Allowance for Loan Losses	3 Months Ended
	Mar. 31, 2022
Receivables [Abstract]
Loans and Allowance for Loan Losses	Loans and Allowance for Loan Losses Loans Held-For-Investment The following table presents, by recorded investment, the composition of the Company’s loans held-for-investment (net of deferred fees and costs) as of the dates indicated: ($ in thousands) March 31, 2022 December 31, 2021 Real estate loans: Commercial property $ 1,150,101 $ 1,105,843 Residential property 215,132 209,485 SBA property 129,400 129,661 Construction 9,522 8,252 Total real estate loans 1,504,155 1,453,241 Commercial and industrial loans: Commercial term 69,836 73,438 Commercial lines of credit 107,406 100,936 SBA commercial term 16,880 17,640 SBA PPP 22,926 65,329 Total commercial and industrial loans 217,048 257,343 Other consumer loans 21,752 21,621 Loans held-for-investment 1,742,955 1,732,205 Allowance for loan losses (21,198) (22,381) Net loans held-for-investment $ 1,721,757 $ 1,709,824 The Company had no loans under modified terms related to the COVID-19 pandemic as of March 31, 2022 and December 31, 2021. In the ordinary course of business, the Company may grant loans to certain officers and directors, and the companies with which they are associated. As of March 31, 2022 and December 31, 2021, the Company had $138 thousand and $398 thousand, respectively, of such loans outstanding. Allowance for Loan Losses The following table presents the activities in allowance for loan losses by portfolio segment, which is consistent with the Company’s methodology for determining allowance for loan losses, for the periods indicated: ($ in thousands) Real Estate Commercial and Industrial Other Consumer Total Balance at January 1, 2022 $ 16,797 $ 5,310 $ 274 $ 22,381 Charge-offs — — (12) (12) Recoveries on loans previously charged off — 5 15 20 Reversal for loan losses (195) (959) (37) (1,191) Balance at March 31, 2022 $ 16,602 $ 4,356 $ 240 $ 21,198 Balance at January 1, 2021 $ 18,894 $ 7,222 $ 394 $ 26,510 Charge-offs (18) (5) (22) (45) Recoveries on loans previously charged off 30 149 17 196 Reversal for loan losses (213) (898) (36) (1,147) Balance at March 31, 2021 $ 18,693 $ 6,468 $ 353 $ 25,514 The following table presents the information on allowance for loan losses and recorded investments by portfolio segment and impairment methodology as of the dates indicated: ($ in thousands) Real Estate Commercial and Industrial Other Consumer Total March 31, 2022 Allowance for loan losses: Individually evaluated for impairment $ — $ — $ — $ — Collectively evaluated for impairment 16,602 4,356 240 21,198 Total $ 16,602 $ 4,356 $ 240 $ 21,198 Loans receivable: Individually evaluated for impairment $ 1,754 $ 204 $ — $ 1,958 Collectively evaluated for impairment 1,502,401 216,844 21,752 1,740,997 Total $ 1,504,155 $ 217,048 $ 21,752 $ 1,742,955 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 Credit Quality Indicators The Company classifies loans into risk categories based on relevant information about the ability of borrowers to service their debt, such as current financial information, historical payment experience, collateral adequacy, credit documentation, and current economic trends, among other factors. The Company analyzes loans individually by classifying the loans in regards to credit risk. This analysis typically includes non-homogeneous loans, such as commercial property and commercial and industrial loans, and is performed on an ongoing basis as new information is obtained. The Company uses the following definitions for risk ratings: Pass - Loans classified as pass include non-homogeneous loans not meeting the risk ratings defined below and smaller, homogeneous loans not assessed on an individual basis. Special Mention - Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in the deterioration of repayment prospects for the loan or of the institution’s credit position at some future date. Substandard - Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans classified as substandard have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Doubtful - Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or repayment in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. The following table presents the risk categories for the recorded investment in loans by portfolio segment as of dates indicated: ($ in thousands) Pass Special Mention Substandard Doubtful Total March 31, 2022 Real estate loans: Commercial property $ 1,145,433 $ 2,822 $ 1,846 $ — $ 1,150,101 Residential property 214,671 — 461 — 215,132 SBA property 127,442 250 1,708 — 129,400 Construction 9,522 — — — 9,522 Commercial and industrial loans: Commercial term 67,567 1,188 1,081 — 69,836 Commercial lines of credit 106,305 1,101 — — 107,406 SBA commercial term 16,423 201 256 — 16,880 SBA PPP 22,926 — — — 22,926 Other consumer loans 21,727 — 25 — 21,752 Total $ 1,732,016 $ 5,562 $ 5,377 $ — $ 1,742,955 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 Past Due and Nonaccrual Loans The following table presents the aging of past due recorded investment in accruing loans and nonaccrual loans by portfolio segment as of dates indicated: Still Accruing ($ in thousands) 30 to 59 Days Past Due 60 to 89 Days Past Due 90 or More Days Past Due Nonaccrual Total Past Due and Nonaccrual March 31, 2022 Real estate loans: Residential property $ — $ — $ — $ 461 $ 461 SBA property — — — 733 733 Commercial and industrial loans: SBA commercial term — — — 199 199 Other consumer loans 119 1 — 25 145 Total $ 119 $ 1 $ — $ 1,418 $ 1,538 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 There were no nonaccrual loans guaranteed by a U.S. government agency at March 31, 2022 and December 31, 2021. Impaired Loans The following table presents loans individually evaluated for impairment by portfolio segment as of the dates indicated. The recorded investment presents customer balances net of any partial charge-offs recognized on the loans and net of any deferred fees and costs. With No Allowance Recorded With an Allowance Recorded ($ in thousands) Recorded Investment Unpaid Principal Balance Recorded Investment Unpaid Principal Balance Related Allowance March 31, 2022 Real estate loans: Commercial property $ 324 $ 323 $ — $ — $ — Residential property 461 461 — — — SBA property 969 1,011 — — — Commercial and industrial loans: SBA commercial term 204 212 — — — Total $ 1,958 $ 2,007 $ — $ — $ — 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 $ — $ — $ — The following table presents information on the recorded investment in impaired loans by portfolio segment for the periods indicated: Three Months Ended March 31, 2022 2021 ($ in thousands) Average Recorded Investment Interest Income Average Recorded Investment Interest Income Real estate loans: Commercial property $ 325 $ 5 $ 332 $ 6 Residential property 461 — — — SBA property 979 3 1,342 7 Commercial and industrial loans: Commercial term 1 — 16 — SBA commercial term 211 — 288 — Total $ 1,977 $ 8 $ 1,978 $ 13 The following presents a summary of interest foregone on impaired loans for the periods indicated: Three Months Ended March 31, ($ in thousands) 2022 2021 Interest income that would have been recognized had impaired loans performed in accordance with their original terms $ 26 $ 28 Less: interest income recognized on impaired loans on a cash basis (8) (13) Interest income foregone on impaired loans $ 18 $ 15 Troubled Debt Restructurings The following table presents the composition of loans that were modified as TDRs by portfolio segment as of the dates indicated: March 31, 2022 December 31, 2021 ($ in thousands) Accruing Nonaccrual Total Accruing Nonaccrual Total Real estate loans: Commercial property $ 324 $ — $ 324 $ 326 $ — $ 326 SBA property 236 15 251 242 17 259 Commercial and industrial loans: Commercial term — — — 2 — 2 SBA commercial term 5 — 5 6 — 6 Total $ 565 $ 15 $ 580 $ 576 $ 17 $ 593 There were no new loans that were modified as TDRs for the three months ended March 31, 2022 and 2021. The Company had no commitments to lend to customers with outstanding loans that were classified as TDRs as of March 31, 2022 and December 31, 2021. 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 no allowance for loan losses as of March 31, 2022 and December 31, 2021. There were no loans that were modified as TDRs for which there was a payment default within twelve months following the modification for the three months ended March 31, 2022 and 2021. Purchases, Sales, and Transfers The Company had no loans that were transferred between loans held-for investment and loans held-for-sale, and no purchases of loans held-for-investment during the three months ended March 31, 2022 and 2021. Loans Held-For-Sale The following table presents a composition of loans held-for-sale as of the dates indicated: ($ in thousands) March 31, 2022 December 31, 2021 Real estate loans: SBA property $ 16,892 $ 33,603 Commercial and industrial loans: SBA commercial term 1,448 3,423 Total $ 18,340 $ 37,026 Loans held-for-sale are carried at the lower of cost or fair value. When a determination is made at the time of commitment to originate as held-for-investment, it is the Company’s intent to hold these loans to maturity or for the “foreseeable future,” subject to periodic reviews under the Company’s management evaluation processes, including asset/liability management and credit risk management. When the Company subsequently changes its intent to hold certain loans, the loans are transferred to held-for-sale at the lower of cost or fair value. Certain loans are transferred to held-for-sale with write-downs to allowance for loan losses.

Servicing Assets

Servicing Assets	3 Months Ended
	Mar. 31, 2022
Transfers and Servicing [Abstract]
Servicing Assets	Servicing Assets At March 31, 2022 and December 31, 2021, total servicing assets were $7.5 million and $7.3 million, respectively. The Company sells SBA loans and certain residential property loans with servicing retained. The Company sold loans of $39.7 million and $10.9 million, respectively, with the servicing rights retained and recognized a net gain on sale of $3.8 million and $1.2 million, respectively, during the three months ended March 31, 2022 and 2021. Loan servicing income was $700 thousand and $882 thousand for the three months ended March 31, 2022 and 2021, respectively. The following table presents the composition of servicing assets with key assumptions used to estimate the fair value as of the dates indicated: March 31, 2022 December 31, 2021 ($ in thousands) Residential Property SBA Property SBA Commercial Term Residential Property SBA Property SBA Commercial Term Carrying amount $ 76 $ 6,984 $ 473 $ 86 $ 6,701 $ 482 Fair value $ 125 $ 10,623 $ 625 $ 126 $ 11,196 $ 734 Discount rate 4.89 % 8.31 % 10.64 % 6.33 % 8.75 % 9.64 % Prepayment speed 22.60 % 12.22 % 19.28 % 24.40 % 9.80 % 12.77 % Weighted average remaining life 21.7 years 21.5 years 6.3 years 21.9 years 21.4 years 6.2 years Underlying loans being serviced $ 15,708 $ 456,355 $ 59,120 $ 17,443 $ 442,424 $ 59,839 The following table presents activity in servicing assets for the periods indicated: Three Months Ended March 31, 2022 2021 ($ in thousands) Residential Property SBA Property SBA Commercial Term Residential Property SBA Property SBA Commercial Term Balance at beginning of period $ 86 $ 6,701 $ 482 $ 109 $ 5,642 $ 649 Additions — 745 50 — 207 37 Amortization (10) (462) (59) (4) (330) (57) Balance at end of period $ 76 $ 6,984 $ 473 $ 105 $ 5,519 $ 629

Other Real Estate Owned

Other Real Estate Owned	3 Months Ended
	Mar. 31, 2022
Real Estate Owned, Disclosure of Detailed Components [Abstract]
Other Real Estate Owned	Other Real Estate Owned The following table presents activity in OREO for the periods indicated: Three Months Ended March 31, ($ in thousands) 2022 2021 Balance at beginning of period $ — $ 1,401 Additions — 1,960 Sales — (1,025) Net change in valuation allowance — — Balance at end of period $ — $ 2,336 The following table presents activity in OREO valuation allowance for the periods indicated: Three Months Ended March 31, ($ in thousands) 2022 2021 Balance at beginning of period $ — $ — Additions — — Net direct write-downs and removal from sale — — Balance at end of period $ — $ — The following table presents expenses related to OREOs for the periods indicated: Three Months Ended March 31, ($ in thousands) 2022 2021 Net (gain) loss on sales $ — $ (75) Operating expenses, net of rental income — 63 Total $ — $ (12) The Company did not provide loans to finance the sale of its OREO property during the three months ended March 31, 2021.

Operating Leases

Operating Leases	3 Months Ended
	Mar. 31, 2022
Leases [Abstract]
Operating Leases	Operating Leases The following table presents operating lease cost and supplemental cash flow information related to leases for the periods indicated: Three Months Ended March 31, ($ in thousands) 2022 2021 Operating lease cost (1) $ 665 $ 651 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 719 $ 699 Right of use assets obtained in exchange for lease obligations $ 335 $ 105 (1) Included in Occupancy and Equipment on the Consolidated Statements of Income. The Company used the incremental borrowing rate based on the information available at lease commencement in determining the present value of lease payments. The following table presents supplemental balance sheet information related to leases as of the dates indicated: ($ in thousands) March 31, 2022 December 31, 2021 Operating leases: Operating lease assets $ 6,511 $ 6,786 Operating lease liabilities $ 7,176 $ 7,444 Weighted-average remaining lease term 3.9 years 4.0 years Weighted-average discount rate 2.34 % 2.36 % The following table presents maturities of operating lease liabilities as of the date indicated: ($ in thousands) March 31, 2022 Maturities: 2022 $ 2,141 2023 2,376 2024 940 2025 842 2026 575 After 2026 732 Total lease payment 7,606 Imputed Interest (430) Present value of operating lease liabilities $ 7,176

Federal Home Loan Bank Advances

Federal Home Loan Bank Advances and Other Borrowings	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Federal Home Loan Bank Advances and Other Borrowings	Federal Home Loan Bank Advances and Other Borrowings FHLB Advances The Company had an outstanding FHLB advance of $10.0 million at March 31, 2022 and December 31, 2021. The FHLB advance was a fixed interest rate term borrowing with a maturity date of June 29, 2022 (original maturity term of five years) and an interest rate of 2.07%. Each borrowing is payable at its maturity date. Borrowings paid early are subject to a prepayment penalty. At March 31, 2022 and December 31, 2021, loans pledged to secure borrowings from the FHLB were $1.01 billion and $982.7 million, respectively. The Company’s investment in capital stock of the FHLB of San Francisco totaled $8.4 million and $8.4 million at March 31, 2022 and December 31, 2021, respectively. The Company had additional borrowing capacity of $527.4 million and $516.2 million from the FHLB as of March 31, 2022 and December 31, 2021, respectively. Other Borrowing Arrangements At March 31, 2022, the Company had $26.5 million of unused borrowing capacity from the Federal Reserve Discount Window, to which the Company pledged loans with a carrying value of $33.5 million with no outstanding borrowings. In addition, the Company may borrow up to approximately $65.0 million overnight federal funds lines with correspondent financial institutions at March 31, 2022.

Shareholders_ Equity

Shareholders’ Equity	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
Shareholders’ Equity	Shareholders’ Equity Stock Repurchase 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	3 Months Ended
	Mar. 31, 2022
Share-based Payment Arrangement [Abstract]
Share-Based Compensation	Share-Based Compensation On July 25, 2013, the Company adopted the 2013 Equity Based Stock Compensation Plan (“2013 EBSC Plan”) approved by its shareholders to replace the 2003 Stock Option Plan. The 2013 EBSC Plan provides 1,090,926 shares of common stock for equity based compensation awards including incentive and non-qualified stock options and restricted stock awards. As of March 31, 2022, there were 413,370 shares available for future grants. Share-Based Compensation Expense The following table presents share-based compensation expense and the related tax benefits for the periods indicated: Three Months Ended March 31, ($ in thousands) 2022 2021 Share-based compensation expense related to: Stock options $ 47 $ 28 Restricted stock awards 94 62 Total share-based compensation expense $ 141 $ 90 Related tax benefits $ 29 $ 20 The following table presents unrecognized share-based compensation expense as of the date indicated: March 31, 2022 ($ in thousands) Unrecognized Expense Weighted-Average Remaining Expected Recognition Period Unrecognized share-based compensation expense related to: Stock options $ 446 3.5 years Restricted stock awards 993 3.4 years Total unrecognized share-based compensation expense $ 1,439 3.4 years Stock Options The following table represents stock option activity for the period indicated: Three Months Ended March 31, 2022 ($ in thousands except per share data) Number of Shares Weighted-Average Exercise Price Per Share Weighted-Average Contractual Term Aggregated Intrinsic Value Outstanding at beginning of period 632,772 $ 11.47 4.5 years $ 6,641 Granted 30,000 $ 22.61 10.0 years Exercised (54,038) $ 8.91 2.9 years Outstanding at end of period 608,734 $ 12.24 4.7 years $ 6,519 Exercisable at end of period 486,734 $ 10.70 3.8 years $ 5,964 The following table represents information regarding unvested stock options for the period indicated: Three Months Ended March 31, 2022 Number of Shares Weighted-Average Exercise Price Per Share Outstanding at beginning of period 107,099 $ 16.70 Granted 30,000 $ 22.61 Vested (15,099) $ 14.69 Outstanding at end of period 122,000 $ 18.40 Restricted Stock Awards The following table represents RSAs activity for the period indicated: Three Months Ended March 31, 2022 Number of Shares Weighted-Average Grant Date Fair Value Per Share Outstanding at beginning of period 55,284 $ 12.79 Granted 25,000 $ 21.96 Vested (11,262) $ 10.36 Forfeited (200) $ 17.09 Outstanding at end of period 68,822 $ 16.51

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income tax expense was $4.2 million and $3.6 million, respectively, and the effective tax rate was 28.9% and 29.6%, respectively, for the three months ended March 31, 2022 and 2021. At March 31, 2022 and December 31, 2021, the Company had no unrecognized tax benefits or related accrued interest. The Company and its subsidiaries are subject to U.S. federal and various state jurisdictions income tax examinations. As of March 31, 2022, 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 minimal and immaterial to the Company’s financial results.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The following table presents the computations of basic and diluted EPS for the periods indicated: Three Months Ended March 31, ($ in thousands, except per share) 2022 2021 Basic earnings per share: Net income $ 10,240 $ 8,560 Less: income allocated to unvested restricted stock (48) (33) Net income allocated to common stock $ 10,192 $ 8,527 Weighted-average total common shares outstanding 14,918,594 15,443,120 Less: weighted-average unvested restricted stock (70,580) (58,777) Weighted-average common shares outstanding, basic 14,848,014 15,384,343 Basic earnings per share $ 0.69 $ 0.55 Diluted earnings per share: Net income allocated to common stock $ 10,192 $ 8,527 Weighted-average common shares outstanding, basic 14,848,014 15,384,343 Diluted effect of stock options 293,679 149,265 Weighted-average common shares outstanding, diluted 15,141,693 15,533,608 Diluted earnings per share $ 0.67 $ 0.55 There were 60,000 and 173,000 stock options excluded in computing diluted EPS because they were anti-dilutive for three months ended March 31, 2022 and 2021, respectively.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2022
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 Company had the following outstanding financial commitments whose contractual amount represents credit risk as of the dates indicated: March 31, 2022 December 31, 2021 ($ in thousands) Fixed Rate Variable Rate Fixed Rate Variable Rate Unused lines of credit $ 5,621 $ 170,121 $ 8,261 $ 160,739 Unfunded loan commitments 1,080 34,489 595 29,688 Standby letters of credit 3,343 1,431 3,078 1,431 Commercial letters of credit 10 721 91 524 Total $ 10,054 $ 206,762 $ 12,025 $ 192,382 Unfunded loan commitments are generally made for periods of 90 days or less, except for SBA loans that are generally made for periods of 180 days or less. The Company’s exposure to loan loss in the event of nonperformance on commitments to extend credit and standby letters of credit is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments as it does for the loans reflected in the consolidated financial statements. The Company maintained a reserve for off-balance sheet items of $216 thousand and $214 thousand, respectively, at March 31, 2022 and December 31, 2021, in Accrued Interest Payable and Other Liabilities in the Consolidated Balance Sheets. Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Since many of the commitments are expected to expire without being drawn upon, the total amounts do not necessarily represent future cash requirements. The Company evaluates each client’s credit worthiness on a case-by-case basis. The amount of collateral obtained if deemed necessary by the Company is based on management’s credit evaluation of the customer. Litigation The Company is involved in various matters of litigation, which have arisen in the ordinary course of business. In the opinion of management, the disposition of pending matters of litigation will not have a material effect on the Company’s consolidated financial statements. COVID-19 Pandemic The ongoing COVID-19 pandemic, and governmental and societal responses thereto, have had a severe impact on global economic and market conditions, including significant disruption of, and volatility in, financial markets; global supply chain disruptions; and the institution of social distancing and shelter-in-place requirements that have resulted in temporary closures of many businesses, lost revenues, and increased unemployment throughout the U.S., but also specifically in California, where most of the Company’s operations and a large majority of its customers are located. These conditions have impacted and may in the future impact its business, results of operations, and financial condition negatively. 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. The Company continues to monitor and evaluate the data incident for its magnitude and concomitant financial, legal or reputational consequences. During the year ended December 31, 2021, expenses associated with the data incident totaled $100 thousand, which represents the retention amount on its insurance claims. There were no additional expenses associated with the data incident during the three months ended March 31, 2022.

Regulatory Matters

Regulatory Matters	3 Months Ended
	Mar. 31, 2022
Regulated Operations [Abstract]
Regulatory Matters	Regulatory Matters Under the final rules implementing Basel Committee on Banking Supervision’s capital guidelines for U.S. banks (“Basel III rules”), the Bank must hold a capital conservation buffer of 2.50% above the adequately capitalized risk-based capital ratios. Management believes as of March 31, 2022 and December 31, 2021, the Bank met all capital adequacy requirements to which they are subject to. Based on changes to the Federal Reserve’s definition of a “Small Bank Holding Company” that increased the threshold to $3 billion in assets in August 2018, the Company is not currently subject to separate minimum capital measurements. At such time as the Company reaches the $3 billion asset level, it will again be subject to capital measurements independent of the Bank. For comparison purposes, the Company’s ratios are included in the following discussion as well, all of which would have exceeded the “well-capitalized” level had the Company been subject to separate capital minimums. The Company and the Bank’s capital conservation buffer was 7.97% and 7.63%, respectively, as of March 31, 2022, and 8.04% and 7.73%, respectively, as of December 31, 2021. Unrealized gain or loss on securities available-for-sale is not included in computing regulatory capital. The following table presents the regulatory capital amounts and ratios for the Company and the Bank as of dates indicated: Actual Minimum Capital Requirement To Be Well Capitalized Under Prompt Corrective Provisions ($ in thousands) Amount Ratio Amount Ratio Amount Ratio March 31, 2022 PCB Bancorp Common tier 1 capital (to risk-weighted assets) $ 264,283 14.77 % $ 80,523 4.5 % N/A N/A Total capital (to risk-weighted assets) 285,697 15.97 % 143,152 8.0 % N/A N/A Tier 1 capital (to risk-weighted assets) 264,283 14.77 % 107,364 6.0 % N/A N/A Tier 1 capital (to average assets) 264,283 12.22 % 86,487 4.0 % N/A N/A Pacific City Bank Common tier 1 capital (to risk-weighted assets) $ 258,207 14.43 % $ 80,520 4.5 % $ 116,307 6.5 % Total capital (to risk-weighted assets) 279,621 15.63 % 143,147 8.0 % 178,934 10.0 % Tier 1 capital (to risk-weighted assets) 258,207 14.43 % 107,360 6.0 % 143,147 8.0 % Tier 1 capital (to average assets) 258,207 11.94 % 86,485 4.0 % 108,106 5.0 % 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 % 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. 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. Under the balance sheet test, the Company may also make a distribution if, immediately after the distribution, the value of its assets equals or exceeds the sum of (a) its total liabilities plus (b) the liquidation preference of any shares which have a preference upon dissolution over the rights of shareholders receiving the distribution. Indebtedness is not considered a liability if the terms of such indebtedness provide that payment of principal and interest thereon are to be made only if, and to the extent that, a distribution to shareholders could be made under the balance sheet test. The Federal Reserve, the Federal Deposit Insurance Corporation (the “FDIC”) and the California Department of Financial Protection and Innovation (the “CDFPI”) periodically examine the Company’s business, including compliance with laws and regulations. If, as a result of an examination, a banking agency were to determine that the Company’s financial condition, capital resources, asset quality, earnings prospects, management, liquidity or other aspects of any of the Company’s operations had become unsatisfactory, or that the Company was in violation of any law or regulation, they may take a number of different remedial actions as they deem appropriate. These actions include the power to enjoin “unsafe or unsound” practices, to require affirmative action to correct any conditions resulting from any violation or practice, to issue an administrative order that can be judicially enforced, to direct an increase in Company’s capital, to restrict growth, to assess civil money penalties, to fine or remove officers and directors and, if it is concluded that such conditions cannot be corrected or there is an imminent risk of loss to depositors, to terminate the Company’s deposit insurance and place the Company into receivership or conservatorship.

Revenue Recognition

Revenue Recognition	3 Months Ended
	Mar. 31, 2022
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, Revenue from Contracts with Customers, for the periods indicated: Three Months Ended March 31, ($ in thousands) 2022 2021 Noninterest income in-scope of Topic 606 Service charges and fees on deposits: Monthly service fees $ 21 $ 20 Account analysis fees 215 210 Non-sufficient funds charges 47 49 Other deposit related fees 20 14 Total service charges and fees on deposits 303 293 Debit card fees 84 59 Gain (loss) on sale of other real estate owned — 75 Wire transfer fees 159 135 Other service charges 45 52 Total $ 591 $ 614

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Dividend Declared on Common Stock. On April 28, 2022, the Company’s Board of Directors declared a quarterly cash dividend of $0.15 per common share. The dividend will be paid on or about May 13, 2022, to shareholders of record as of the close of business on May 20, 2022. The Company has evaluated the effects of events that have occurred subsequent to March 31, 2022 through the issuance date of these consolidated financial statements (unaudited). Other than the event described above, there have been no material events that would require disclosure in the consolidated financial statements or in the notes to the consolidated financial statements.

Basis of Presentation and Sig_2

Basis of Presentation and Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited interim consolidated financial statements have been prepared pursuant to Article 10 of SEC Regulation S-X and other SEC rules and regulations for reporting on the Quarterly Report on Form 10-Q. Accordingly, certain disclosures required by U.S. generally accepted accounting principles (“GAAP”) are not included herein. These interim statements should be read in conjunction with the audited consolidated financial statements and notes included in the Annual Report on Form 10-K for the year ended December 31, 2021 filed by the Company with the SEC. The December 31, 2021 balance sheet presented herein has been derived from the audited financial statements included in the Annual Report on Form 10-K for the year ended December 31, 2021 filed with the SEC, but does not include all of the disclosures required by GAAP for complete financial statements. In the opinion of management of the Company, the accompanying unaudited interim consolidated financial statements reflect all of the adjustments (consisting of normal recurring adjustments) necessary for a fair presentation of the consolidated financial condition and consolidated results of operations as of the dates and for the periods presented. Certain reclassifications have been made in the prior period financial statements to conform to the current period presentation. The results of operations for the three months ended March 31, 2022 are not necessarily indicative of the results that may be expected for the year ending December 31, 2022.
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of PCB Bancorp and its wholly owned subsidiary as of March 31, 2022 and December 31, 2021, and for the three months ended March 31, 2022 and 2021. Significant inter-company accounts and transactions have been eliminated in consolidation. Unless the context requires otherwise, all references to the Company include its wholly owned subsidiary.
Use of Estimates in the Preparation of Financial Statements	Use of Estimates in the Preparation of Financial Statements The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. These estimates are subject to change and such change could have a material effect on the consolidated financial statements. Actual results may differ from those estimates.
Small Business Administration Paycheck Protection Program	Small Business Administration Paycheck Protection Program The Small Business Administration (“SBA”) launched the Paycheck Protection Program (“PPP”) to provide a direct incentive for small businesses to keep their workers on the payroll in response to the COVID-19 pandemic. The SBA guarantees 100% of the PPP loans made to eligible borrowers, and the loans are eligible to be forgiven if certain conditions are met, at which point the SBA will make payments to the Bank for the forgiven amounts. These loans are included in the commercial and industrial loans portfolio and have an interest rate of 1%. The substantial majority of the SBA PPP loans funded in 2020 in the Company’s portfolio have a maturity of two years. On January 13, 2021, the SBA began accepting applications for second draw PPP loans. SBA PPP loans funded in 2021 have a maturity of five years. The Company defers loan origination fees on SBA PPP loans and amortizes these deferred fees and costs without prepayment assumption using the contractual lives of SBA PPP loans. As of March 31, 2022 and December 31, 2021, the Company had SBA PPP loans of $22.9 million and $65.3 million, respectively. The SBA guarantee on PPP loans cannot be separated from the loan and therefore is not a separate unit of account. The Company considered the SBA guarantee in the allowance for loan losses evaluation and determined that it is not required to reserve an allowance on SBA PPP loans at March 31, 2022 and December 31, 2021.
Adopted Accounting Pronouncements and Recent Accounting Pronouncements Not Yet Adopted	Adopted Accounting Pronouncements During the three months ended March 31, 2022, there were no significant accounting pronouncements applicable to the Company that became effective. Recent Accounting Pronouncements Not Yet Adopted The following is recently issued accounting pronouncements applicable to the Company that has not yet been adopted: In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-13, “Financial Instruments-Credit Losses (Topic 326).” The amendments in this ASU require that entities change the impairment model for most financial assets that are measured at amortized cost and certain other instruments from an incurred loss model to an expected loss model. Under this model, entities will estimate credit losses over the entire contractual term of the instrument from the date of initial recognition of that instrument. It includes financial assets such as loan receivables, held-to-maturity debt securities, net investment in leases that are not accounted for at fair value through net income, and certain off-balance sheet credit exposures. This ASU was effective for public business entities that are SEC filers for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. In 2019, the FASB amended this ASU, which delays the effective date to 2023 for certain SEC filers that are Smaller Reporting Companies, which would apply to the Company. The Company plans to adopt this ASU, as well as any subsequent ASUs related to 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. In March 2022, the FASB issued ASU 2022-02, “Financial Instruments-Credit Losses (Topic 326) - Troubled Debt Restructuring and Vintage Disclosures.” The amendments in this ASU eliminates the accounting guidance for TDRs by creditors in ASC 310-40, “ Receivables - Troubled Debt Restructurings by Creditors, ”
Fair Value Measurements	Accounting Standards Codification (“ASC”) 820, Fair Value Measurements and Disclosures, defines fair value, establishes a framework for measuring fair value including a three-level valuation hierarchy, and expands disclosures about fair value measurements. Fair value is the exchange price that would be received for an asset or paid to transfer a liability (i.e. an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The three-level fair value hierarchy requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The three levels of inputs that may be used to measure fair value are defined as follows: • Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. • Level 2: Significant observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. • Level 3: Significant unobservable inputs that reflect a reporting entity’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. Fair value is measured on a recurring basis for certain assets and liabilities in which fair value is the primary basis of accounting. Additionally, fair value is used on a non-recurring basis to evaluate certain assets or liabilities for impairment or for disclosure purposes. Categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The Company records securities available-for-sale at fair value on a recurring basis. Certain other assets, such as loans held-for-sale, impaired loans, servicing assets and other real estate owned (“OREO”) are recorded at fair value on a non-recurring basis. Non-recurring fair value measurements typically involve assets that are periodically evaluated for impairment and for which any impairment is recorded in the period in which the re-measurement is performed. The following is a description of valuation methodologies used for assets and liabilities recorded at fair value: Investment securities : The fair values of securities available-for-sale are determined by obtaining quoted prices on nationally recognized securities exchanges (Level 1) or matrix pricing, which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted prices for specific securities but rather by relying on the securities’ relationship to other benchmark quoted securities (Level 2). Management reviews the valuation techniques and assumptions used by the provider and determines that the provider uses widely accepted valuation techniques based on observable market inputs appropriate for the type of security being measured. Securities held-to-maturity are not measured at fair value on a recurring basis. Loans held-for-sale : The Company records SBA loans held-for-sale, residential property loans held-for-sale and certain non-residential real estate loans held-for-sale at the lower of cost or fair value, on an aggregate basis. The Company obtains fair values from a third party independent valuation service provider. Loans held-for-sale accounted for at the lower of cost or fair value are considered to be recognized at fair value when they are recorded at below cost, on an aggregate basis, and are classified as Level 2. Impaired loans : Certain collateral-dependent impaired loans are recognized at fair value when they reflect 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. In some cases, the properties for which market quotes or appraised values have been obtained are located in areas where comparable sales data is limited, outdated, or unavailable. Fair value estimates for collateral-dependent impaired loans are obtained from real estate brokers or other third-party consultants, and are classified as Level 3. Other real estate owned : The Company initially records OREO at fair value at the time of foreclosure. Thereafter, OREO is recorded at the lower of cost or fair value based on their subsequent changes in fair value. The fair value of OREO is generally based on recent real estate appraisals adjusted for estimated selling costs. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the appraisers to adjust for differences between the comparable sales and income data available. Such adjustments may be significant and result in a Level 3 classification due to the unobservable inputs used for determining fair value. Only OREO with a valuation allowance are considered to be carried at fair value. Servicing Assets: Servicing assets represent the value associated with servicing loans that have been sold. The fair value for servicing assets is determined through discounted cash flow analysis and utilizes discount rates and prepayment speed assumptions as inputs. All of these assumptions require a significant degree of management estimation and judgment. The fair market valuation is performed on a quarterly basis for servicing assets. Servicing assets are accounted for at the lower of cost or market value and considered to be recognized at fair value when they are recorded at below cost and are classified as Level 3.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis	The following table presents the Company’s assets and liabilities measured at fair value on a recurring basis as of dates indicated: Fair Value Measurement Level ($ in thousands) Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs Significant Unobservable Inputs Total March 31, 2022 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ — $ 82,232 $ — $ 82,232 Residential collateralized mortgage obligations — 27,097 — 27,097 SBA loan pool securities — 11,627 — 11,627 Municipal bonds — 5,471 — 5,471 Corporate bonds — 4,918 — 4,918 Total securities available-for-sale — 131,345 — 131,345 Total assets measured at fair value on a recurring basis $ — $ 131,345 $ — $ 131,345 Total liabilities measured at fair value on a recurring basis $ — $ — $ — $ — December 31, 2021 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ — $ 84,713 $ — $ 84,713 Residential 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 $ — $ — $ — $ —
Schedule of Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis	The following table presents the Company’s assets and liabilities measured at fair value on a non-recurring basis as of dates indicated: Fair Value Measurement Level ($ in thousands) Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs Significant Unobservable Inputs Total March 31, 2022 Total assets measured at fair value on a non-recurring basis $ — $ — $ — $ — Total liabilities measured at fair value on a non-recurring basis $ — $ — $ — $ — 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 $ — $ — $ — $ —
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 date 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
Schedule of Total Net Losses	For assets measured at fair value, the following table presents the total net gains (losses), which include charge-offs, recoveries, and specific reserves recorded for the periods indicated: Three Months Ended March 31, ($ in thousands) 2022 2021 Collateral dependent impaired loans: SBA property $ — $ (17) Commercial lines of credit — 136 SBA commercial term — (5) Other real estate owned — 75 Net gains (losses) recognized $ — $ 189
Schedule of Carrying Value and Estimated Fair Values of Financial Assets and Liabilities	The following table presents the carrying value and estimated fair values of financial assets and liabilities as of the dates indicated: Carrying Value Fair Value Fair Value Measurements ($ in thousands) Level 1 Level 2 Level 3 March 31, 2022 Financial assets: Interest-bearing deposits in other financial institutions $ 230,519 $ 230,519 $ 230,519 $ — $ — Securities available-for-sale 131,345 131,345 — 131,345 — Loans held-for-sale 18,340 20,286 — 20,286 — Net loans held-for-investment 1,721,757 1,726,579 — — 1,726,579 Federal Home Loan Bank (“FHLB”) and other restricted stock 8,577 N/A N/A N/A N/A Accrued interest receivable 5,050 5,050 21 281 4,748 Financial liabilities: Deposits $ 1,910,379 $ 1,908,619 $ — $ — $ 1,908,619 FHLB advances 10,000 10,027 — 10,027 — Accrued interest payable 570 571 — 1 570 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

Investment Securities (Tables)

Investment Securities (Tables)	3 Months Ended
	Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Amortized Cost and Fair Value of Securities Available-For-Sale	The following table presents the amortized cost and fair value of the securities available-for-sale as of the dates indicated: ($ in thousands) Amortized Cost Gross Unrealized Gain Gross Unrealized Loss Fair Value March 31, 2022 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ 87,288 $ 3 $ (5,059) $ 82,232 Residential collateralized mortgage obligations 27,419 22 (344) 27,097 SBA loan pool securities 11,774 33 (180) 11,627 Municipal bonds 5,318 154 (1) 5,471 Corporate bonds 5,000 — (82) 4,918 Total securities available-for-sale $ 136,799 $ 212 $ (5,666) $ 131,345 December 31, 2021 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ 85,346 $ 625 $ (1,258) $ 84,713 Residential 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
Debt Securities, Held-to-maturity	The following table presents the amortized cost and fair value of the securities available-for-sale as of the dates indicated: ($ in thousands) Amortized Cost Gross Unrealized Gain Gross Unrealized Loss Fair Value March 31, 2022 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ 87,288 $ 3 $ (5,059) $ 82,232 Residential collateralized mortgage obligations 27,419 22 (344) 27,097 SBA loan pool securities 11,774 33 (180) 11,627 Municipal bonds 5,318 154 (1) 5,471 Corporate bonds 5,000 — (82) 4,918 Total securities available-for-sale $ 136,799 $ 212 $ (5,666) $ 131,345 December 31, 2021 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ 85,346 $ 625 $ (1,258) $ 84,713 Residential 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
Investments Classified by Contractual Maturity Date	The following table presents the amortized cost and fair value of the securities available-for-sale by contractual maturity as of the date indicated. 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. March 31, 2022 ($ in thousands) Amortized Cost Fair Value Within one year $ 302 $ 303 One to five years 1,845 1,852 Five to ten years 5,826 5,747 Greater than ten years 2,345 2,487 Residential mortgage-backed securities, residential collateralized mortgage obligations and SBA loan pool securities 126,481 120,956 Total $ 136,799 $ 131,345
Schedule of Unrealized Loss on Investments	The following table summarizes the investment securities with unrealized losses by security type and length of time in a continuous unrealized loss position as of the dates indicated: Length of Time that Individual Securities Have Been In a Continuous Unrealized Loss Position Less Than 12 Months 12 Months or Longer Total ($ in thousands) Fair Value Gross Unrealized Losses Number of Securities Fair Value Gross Unrealized Losses Number of Securities Fair Value Gross Unrealized Losses Number of Securities March 31, 2022 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ 59,115 $ (2,806) 87 $ 22,661 $ (2,253) 14 $ 81,776 $ (5,059) 101 Residential collateralized mortgage obligations 7,706 (344) 28 — — — 7,706 (344) 28 SBA loan pool securities 7,302 (178) 11 85 (2) 1 7,387 (180) 12 Municipal bonds 261 (1) 1 — — — 261 (1) 1 Corporate bonds 4,918 (82) 1 — — — 4,918 (82) 1 Total securities available-for-sale $ 79,302 $ (3,411) 128 $ 22,746 $ (2,255) 15 $ 102,048 $ (5,666) 143 December 31, 2021 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ 46,945 $ (931) 32 $ 8,885 $ (327) 5 $ 55,830 $ (1,258) 37 Residential 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

Loans and Allowance for Loan _2

Loans and Allowance for Loan Losses (Tables)	3 Months Ended
	Mar. 31, 2022
Receivables [Abstract]
Loans Held-For-Investment	The following table presents, by recorded investment, the composition of the Company’s loans held-for-investment (net of deferred fees and costs) as of the dates indicated: ($ in thousands) March 31, 2022 December 31, 2021 Real estate loans: Commercial property $ 1,150,101 $ 1,105,843 Residential property 215,132 209,485 SBA property 129,400 129,661 Construction 9,522 8,252 Total real estate loans 1,504,155 1,453,241 Commercial and industrial loans: Commercial term 69,836 73,438 Commercial lines of credit 107,406 100,936 SBA commercial term 16,880 17,640 SBA PPP 22,926 65,329 Total commercial and industrial loans 217,048 257,343 Other consumer loans 21,752 21,621 Loans held-for-investment 1,742,955 1,732,205 Allowance for loan losses (21,198) (22,381) Net loans held-for-investment $ 1,721,757 $ 1,709,824
Allowance for Loan Losses	The following table presents the activities in allowance for loan losses by portfolio segment, which is consistent with the Company’s methodology for determining allowance for loan losses, for the periods indicated: ($ in thousands) Real Estate Commercial and Industrial Other Consumer Total Balance at January 1, 2022 $ 16,797 $ 5,310 $ 274 $ 22,381 Charge-offs — — (12) (12) Recoveries on loans previously charged off — 5 15 20 Reversal for loan losses (195) (959) (37) (1,191) Balance at March 31, 2022 $ 16,602 $ 4,356 $ 240 $ 21,198 Balance at January 1, 2021 $ 18,894 $ 7,222 $ 394 $ 26,510 Charge-offs (18) (5) (22) (45) Recoveries on loans previously charged off 30 149 17 196 Reversal for loan losses (213) (898) (36) (1,147) Balance at March 31, 2021 $ 18,693 $ 6,468 $ 353 $ 25,514 The following table presents the information on allowance for loan losses and recorded investments by portfolio segment and impairment methodology as of the dates indicated: ($ in thousands) Real Estate Commercial and Industrial Other Consumer Total March 31, 2022 Allowance for loan losses: Individually evaluated for impairment $ — $ — $ — $ — Collectively evaluated for impairment 16,602 4,356 240 21,198 Total $ 16,602 $ 4,356 $ 240 $ 21,198 Loans receivable: Individually evaluated for impairment $ 1,754 $ 204 $ — $ 1,958 Collectively evaluated for impairment 1,502,401 216,844 21,752 1,740,997 Total $ 1,504,155 $ 217,048 $ 21,752 $ 1,742,955 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
Risk Categories for Loans by Portfolio Segment	The following table presents the risk categories for the recorded investment in loans by portfolio segment as of dates indicated: ($ in thousands) Pass Special Mention Substandard Doubtful Total March 31, 2022 Real estate loans: Commercial property $ 1,145,433 $ 2,822 $ 1,846 $ — $ 1,150,101 Residential property 214,671 — 461 — 215,132 SBA property 127,442 250 1,708 — 129,400 Construction 9,522 — — — 9,522 Commercial and industrial loans: Commercial term 67,567 1,188 1,081 — 69,836 Commercial lines of credit 106,305 1,101 — — 107,406 SBA commercial term 16,423 201 256 — 16,880 SBA PPP 22,926 — — — 22,926 Other consumer loans 21,727 — 25 — 21,752 Total $ 1,732,016 $ 5,562 $ 5,377 $ — $ 1,742,955 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
Aging of Past Due Accruing Loans and Nonaccrual Loans by Segment	The following table presents the aging of past due recorded investment in accruing loans and nonaccrual loans by portfolio segment as of dates indicated: Still Accruing ($ in thousands) 30 to 59 Days Past Due 60 to 89 Days Past Due 90 or More Days Past Due Nonaccrual Total Past Due and Nonaccrual March 31, 2022 Real estate loans: Residential property $ — $ — $ — $ 461 $ 461 SBA property — — — 733 733 Commercial and industrial loans: SBA commercial term — — — 199 199 Other consumer loans 119 1 — 25 145 Total $ 119 $ 1 $ — $ 1,418 $ 1,538 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
Impairment by Portfolio Segment	The following table presents loans individually evaluated for impairment by portfolio segment as of the dates indicated. The recorded investment presents customer balances net of any partial charge-offs recognized on the loans and net of any deferred fees and costs. With No Allowance Recorded With an Allowance Recorded ($ in thousands) Recorded Investment Unpaid Principal Balance Recorded Investment Unpaid Principal Balance Related Allowance March 31, 2022 Real estate loans: Commercial property $ 324 $ 323 $ — $ — $ — Residential property 461 461 — — — SBA property 969 1,011 — — — Commercial and industrial loans: SBA commercial term 204 212 — — — Total $ 1,958 $ 2,007 $ — $ — $ — 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 $ — $ — $ — The following table presents information on the recorded investment in impaired loans by portfolio segment for the periods indicated: Three Months Ended March 31, 2022 2021 ($ in thousands) Average Recorded Investment Interest Income Average Recorded Investment Interest Income Real estate loans: Commercial property $ 325 $ 5 $ 332 $ 6 Residential property 461 — — — SBA property 979 3 1,342 7 Commercial and industrial loans: Commercial term 1 — 16 — SBA commercial term 211 — 288 — Total $ 1,977 $ 8 $ 1,978 $ 13 The following presents a summary of interest foregone on impaired loans for the periods indicated: Three Months Ended March 31, ($ in thousands) 2022 2021 Interest income that would have been recognized had impaired loans performed in accordance with their original terms $ 26 $ 28 Less: interest income recognized on impaired loans on a cash basis (8) (13) Interest income foregone on impaired loans $ 18 $ 15
Modified TDRs by Portfolio Segment	The following table presents the composition of loans that were modified as TDRs by portfolio segment as of the dates indicated: March 31, 2022 December 31, 2021 ($ in thousands) Accruing Nonaccrual Total Accruing Nonaccrual Total Real estate loans: Commercial property $ 324 $ — $ 324 $ 326 $ — $ 326 SBA property 236 15 251 242 17 259 Commercial and industrial loans: Commercial term — — — 2 — 2 SBA commercial term 5 — 5 6 — 6 Total $ 565 $ 15 $ 580 $ 576 $ 17 $ 593
Loans Held-for-Sale	The following table presents a composition of loans held-for-sale as of the dates indicated: ($ in thousands) March 31, 2022 December 31, 2021 Real estate loans: SBA property $ 16,892 $ 33,603 Commercial and industrial loans: SBA commercial term 1,448 3,423 Total $ 18,340 $ 37,026

Servicing Assets (Tables)

Servicing Assets (Tables)	3 Months Ended
	Mar. 31, 2022
Transfers and Servicing [Abstract]
Schedule of Servicing Assets with Key Assumptions Used to Estimate Fair Value	The following table presents the composition of servicing assets with key assumptions used to estimate the fair value as of the dates indicated: March 31, 2022 December 31, 2021 ($ in thousands) Residential Property SBA Property SBA Commercial Term Residential Property SBA Property SBA Commercial Term Carrying amount $ 76 $ 6,984 $ 473 $ 86 $ 6,701 $ 482 Fair value $ 125 $ 10,623 $ 625 $ 126 $ 11,196 $ 734 Discount rate 4.89 % 8.31 % 10.64 % 6.33 % 8.75 % 9.64 % Prepayment speed 22.60 % 12.22 % 19.28 % 24.40 % 9.80 % 12.77 % Weighted average remaining life 21.7 years 21.5 years 6.3 years 21.9 years 21.4 years 6.2 years Underlying loans being serviced $ 15,708 $ 456,355 $ 59,120 $ 17,443 $ 442,424 $ 59,839
Schedule of Servicing Asset	The following table presents activity in servicing assets for the periods indicated: Three Months Ended March 31, 2022 2021 ($ in thousands) Residential Property SBA Property SBA Commercial Term Residential Property SBA Property SBA Commercial Term Balance at beginning of period $ 86 $ 6,701 $ 482 $ 109 $ 5,642 $ 649 Additions — 745 50 — 207 37 Amortization (10) (462) (59) (4) (330) (57) Balance at end of period $ 76 $ 6,984 $ 473 $ 105 $ 5,519 $ 629

Other Real Estate Owned (Tables

Other Real Estate Owned (Tables)	3 Months Ended
	Mar. 31, 2022
Real Estate Owned, Disclosure of Detailed Components [Abstract]
Real Estate Owned, Activity	The following table presents activity in OREO for the periods indicated: Three Months Ended March 31, ($ in thousands) 2022 2021 Balance at beginning of period $ — $ 1,401 Additions — 1,960 Sales — (1,025) Net change in valuation allowance — — Balance at end of period $ — $ 2,336
Real Estate Owned, Valuation Allowance	The following table presents activity in OREO valuation allowance for the periods indicated: Three Months Ended March 31, ($ in thousands) 2022 2021 Balance at beginning of period $ — $ — Additions — — Net direct write-downs and removal from sale — — Balance at end of period $ — $ —
Real Estate Owned, Expenses	The following table presents expenses related to OREOs for the periods indicated: Three Months Ended March 31, ($ in thousands) 2022 2021 Net (gain) loss on sales $ — $ (75) Operating expenses, net of rental income — 63 Total $ — $ (12)

Operating Leases (Tables)

Operating Leases (Tables)	3 Months Ended
	Mar. 31, 2022
Leases [Abstract]
Operating Lease Cost and Supplemental Information	The following table presents operating lease cost and supplemental cash flow information related to leases for the periods indicated: Three Months Ended March 31, ($ in thousands) 2022 2021 Operating lease cost (1) $ 665 $ 651 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 719 $ 699 Right of use assets obtained in exchange for lease obligations $ 335 $ 105 (1) Included in Occupancy and Equipment on the Consolidated Statements of Income. ($ in thousands) March 31, 2022 December 31, 2021 Operating leases: Operating lease assets $ 6,511 $ 6,786 Operating lease liabilities $ 7,176 $ 7,444 Weighted-average remaining lease term 3.9 years 4.0 years Weighted-average discount rate 2.34 % 2.36 %
Maturities of Operating Lease Liabilities	The following table presents maturities of operating lease liabilities as of the date indicated: ($ in thousands) March 31, 2022 Maturities: 2022 $ 2,141 2023 2,376 2024 940 2025 842 2026 575 After 2026 732 Total lease payment 7,606 Imputed Interest (430) Present value of operating lease liabilities $ 7,176

Share-Based Compensation (Table

Share-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2022
Share-based Payment Arrangement [Abstract]
Shared-based Compensation Expense	The following table presents share-based compensation expense and the related tax benefits for the periods indicated: Three Months Ended March 31, ($ in thousands) 2022 2021 Share-based compensation expense related to: Stock options $ 47 $ 28 Restricted stock awards 94 62 Total share-based compensation expense $ 141 $ 90 Related tax benefits $ 29 $ 20 The following table presents unrecognized share-based compensation expense as of the date indicated: March 31, 2022 ($ in thousands) Unrecognized Expense Weighted-Average Remaining Expected Recognition Period Unrecognized share-based compensation expense related to: Stock options $ 446 3.5 years Restricted stock awards 993 3.4 years Total unrecognized share-based compensation expense $ 1,439 3.4 years
Share-based compensation, Stock Options	The following table represents stock option activity for the period indicated: Three Months Ended March 31, 2022 ($ in thousands except per share data) Number of Shares Weighted-Average Exercise Price Per Share Weighted-Average Contractual Term Aggregated Intrinsic Value Outstanding at beginning of period 632,772 $ 11.47 4.5 years $ 6,641 Granted 30,000 $ 22.61 10.0 years Exercised (54,038) $ 8.91 2.9 years Outstanding at end of period 608,734 $ 12.24 4.7 years $ 6,519 Exercisable at end of period 486,734 $ 10.70 3.8 years $ 5,964 The following table represents information regarding unvested stock options for the period indicated: Three Months Ended March 31, 2022 Number of Shares Weighted-Average Exercise Price Per Share Outstanding at beginning of period 107,099 $ 16.70 Granted 30,000 $ 22.61 Vested (15,099) $ 14.69 Outstanding at end of period 122,000 $ 18.40
Summary of Nonvested Restricted Stock Awards	The following table represents RSAs activity for the period indicated: Three Months Ended March 31, 2022 Number of Shares Weighted-Average Grant Date Fair Value Per Share Outstanding at beginning of period 55,284 $ 12.79 Granted 25,000 $ 21.96 Vested (11,262) $ 10.36 Forfeited (200) $ 17.09 Outstanding at end of period 68,822 $ 16.51

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table presents the computations of basic and diluted EPS for the periods indicated: Three Months Ended March 31, ($ in thousands, except per share) 2022 2021 Basic earnings per share: Net income $ 10,240 $ 8,560 Less: income allocated to unvested restricted stock (48) (33) Net income allocated to common stock $ 10,192 $ 8,527 Weighted-average total common shares outstanding 14,918,594 15,443,120 Less: weighted-average unvested restricted stock (70,580) (58,777) Weighted-average common shares outstanding, basic 14,848,014 15,384,343 Basic earnings per share $ 0.69 $ 0.55 Diluted earnings per share: Net income allocated to common stock $ 10,192 $ 8,527 Weighted-average common shares outstanding, basic 14,848,014 15,384,343 Diluted effect of stock options 293,679 149,265 Weighted-average common shares outstanding, diluted 15,141,693 15,533,608 Diluted earnings per share $ 0.67 $ 0.55

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Schedule of Outstanding Financial Commitments	The Company had the following outstanding financial commitments whose contractual amount represents credit risk as of the dates indicated: March 31, 2022 December 31, 2021 ($ in thousands) Fixed Rate Variable Rate Fixed Rate Variable Rate Unused lines of credit $ 5,621 $ 170,121 $ 8,261 $ 160,739 Unfunded loan commitments 1,080 34,489 595 29,688 Standby letters of credit 3,343 1,431 3,078 1,431 Commercial letters of credit 10 721 91 524 Total $ 10,054 $ 206,762 $ 12,025 $ 192,382

Regulatory Matters (Tables)

Regulatory Matters (Tables)	3 Months Ended
	Mar. 31, 2022
Regulated Operations [Abstract]
Schedule of Regulatory Capital Amounts and Ratios	The following table presents the regulatory capital amounts and ratios for the Company and the Bank as of dates indicated: Actual Minimum Capital Requirement To Be Well Capitalized Under Prompt Corrective Provisions ($ in thousands) Amount Ratio Amount Ratio Amount Ratio March 31, 2022 PCB Bancorp Common tier 1 capital (to risk-weighted assets) $ 264,283 14.77 % $ 80,523 4.5 % N/A N/A Total capital (to risk-weighted assets) 285,697 15.97 % 143,152 8.0 % N/A N/A Tier 1 capital (to risk-weighted assets) 264,283 14.77 % 107,364 6.0 % N/A N/A Tier 1 capital (to average assets) 264,283 12.22 % 86,487 4.0 % N/A N/A Pacific City Bank Common tier 1 capital (to risk-weighted assets) $ 258,207 14.43 % $ 80,520 4.5 % $ 116,307 6.5 % Total capital (to risk-weighted assets) 279,621 15.63 % 143,147 8.0 % 178,934 10.0 % Tier 1 capital (to risk-weighted assets) 258,207 14.43 % 107,360 6.0 % 143,147 8.0 % Tier 1 capital (to average assets) 258,207 11.94 % 86,485 4.0 % 108,106 5.0 % 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 %

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Mar. 31, 2022
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, Revenue from Contracts with Customers, for the periods indicated: Three Months Ended March 31, ($ in thousands) 2022 2021 Noninterest income in-scope of Topic 606 Service charges and fees on deposits: Monthly service fees $ 21 $ 20 Account analysis fees 215 210 Non-sufficient funds charges 47 49 Other deposit related fees 20 14 Total service charges and fees on deposits 303 293 Debit card fees 84 59 Gain (loss) on sale of other real estate owned — 75 Wire transfer fees 159 135 Other service charges 45 52 Total $ 591 $ 614

Basis of Presentation and Sig_3

Basis of Presentation and Significant Accounting Policies (Details)	3 Months Ended	12 Months Ended
	Mar. 31, 2022USD ($)branchoffice	Dec. 31, 2021USD ($)	Dec. 31, 2020
Product Information [Line Items]
Number of loan production offices | office	7
Modification term of loans modified due to COVID-19	6 months
Term of SBA PPP loans		5 years	2 years
Loans held-for-investment, net of deferred loan costs (fees) | $	$ 1,742,955,000	$ 1,732,205,000
SBA PPP
Product Information [Line Items]
Loans held-for-investment, net of deferred loan costs (fees) | $	22,900,000	65,300,000
COVID-19 Loan Modification
Product Information [Line Items]
Aggregate carrying amount of loans modified due to COVID-19 | $	$ 0	$ 0
California
Product Information [Line Items]
Number of full-service branches | branch	11
Number of regional offices | office	2
New Jersey
Product Information [Line Items]
Number of full-service branches | branch	1
New York
Product Information [Line Items]
Number of full-service branches | branch	1

Fair Value Measurements - Asset

Fair Value Measurements - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Securities available-for-sale:
Securities available-for-sale, at fair value	$ 131,345	$ 123,198
Residential mortgage-backed securities
Securities available-for-sale:
Securities available-for-sale, at fair value	82,232	84,713
Residential collateralized mortgage obligations
Securities available-for-sale:
Securities available-for-sale, at fair value	27,097	19,056
SBA loan pool securities
Securities available-for-sale:
Securities available-for-sale, at fair value	11,627	8,672
Municipal bonds
Securities available-for-sale:
Securities available-for-sale, at fair value	5,471	5,686
Corporate bonds
Securities available-for-sale:
Securities available-for-sale, at fair value	4,918	5,071
Recurring
Securities available-for-sale:
Securities available-for-sale, at fair value	131,345	123,198
Total assets measured at fair value on a recurring basis	131,345	123,198
Total liabilities measured at fair value on a recurring basis	0	0
Recurring | Residential mortgage-backed securities
Securities available-for-sale:
Securities available-for-sale, at fair value	82,232	84,713
Recurring | Residential collateralized mortgage obligations
Securities available-for-sale:
Securities available-for-sale, at fair value	27,097	19,056
Recurring | SBA loan pool securities
Securities available-for-sale:
Securities available-for-sale, at fair value	11,627	8,672
Recurring | Municipal bonds
Securities available-for-sale:
Securities available-for-sale, at fair value	5,471	5,686
Recurring | Corporate bonds
Securities available-for-sale:
Securities available-for-sale, at fair value	4,918	5,071
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring
Securities available-for-sale:
Securities available-for-sale, at 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
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring | Residential mortgage-backed securities
Securities available-for-sale:
Securities available-for-sale, at fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring | Residential collateralized mortgage obligations
Securities available-for-sale:
Securities available-for-sale, at fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring | SBA loan pool securities
Securities available-for-sale:
Securities available-for-sale, at fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring | Municipal bonds
Securities available-for-sale:
Securities available-for-sale, at fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring | Corporate bonds
Securities available-for-sale:
Securities available-for-sale, at fair value	0	0
Significant Other Observable Inputs (Level 2) | Recurring
Securities available-for-sale:
Securities available-for-sale, at fair value	131,345	123,198
Total assets measured at fair value on a recurring basis	131,345	123,198
Total liabilities measured at fair value on a recurring basis	0	0
Significant Other Observable Inputs (Level 2) | Recurring | Residential mortgage-backed securities
Securities available-for-sale:
Securities available-for-sale, at fair value	82,232	84,713
Significant Other Observable Inputs (Level 2) | Recurring | Residential collateralized mortgage obligations
Securities available-for-sale:
Securities available-for-sale, at fair value	27,097	19,056
Significant Other Observable Inputs (Level 2) | Recurring | SBA loan pool securities
Securities available-for-sale:
Securities available-for-sale, at fair value	11,627	8,672
Significant Other Observable Inputs (Level 2) | Recurring | Municipal bonds
Securities available-for-sale:
Securities available-for-sale, at fair value	5,471	5,686
Significant Other Observable Inputs (Level 2) | Recurring | Corporate bonds
Securities available-for-sale:
Securities available-for-sale, at fair value	4,918	5,071
Significant Unobservable Inputs (Level 3) | Recurring
Securities available-for-sale:
Securities available-for-sale, at 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
Significant Unobservable Inputs (Level 3) | Recurring | Residential mortgage-backed securities
Securities available-for-sale:
Securities available-for-sale, at fair value	0	0
Significant Unobservable Inputs (Level 3) | Recurring | Residential collateralized mortgage obligations
Securities available-for-sale:
Securities available-for-sale, at fair value	0	0
Significant Unobservable Inputs (Level 3) | Recurring | SBA loan pool securities
Securities available-for-sale:
Securities available-for-sale, at fair value	0	0
Significant Unobservable Inputs (Level 3) | Recurring | Municipal bonds
Securities available-for-sale:
Securities available-for-sale, at fair value	0	0
Significant Unobservable Inputs (Level 3) | Recurring | Corporate bonds
Securities available-for-sale:
Securities available-for-sale, at fair value	$ 0	$ 0

Fair Value Measurements - Ass_2

Fair Value Measurements - Assets and Liabilities Measured at Fair Value on a Non-recurring Basis (Details) - Nonrecurring - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Impaired loans:
Total impaired loans		$ 17
Total assets measured at fair value on a recurring basis	$ 0	17
Total liabilities measured at fair value on a recurring basis	0	0
SBA Property
Impaired loans:
Total impaired loans		17
Quoted Prices in Active Markets for Identical Assets (Level 1)
Impaired loans:
Total impaired loans		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:
Total impaired loans		0
Significant Other Observable Inputs (Level 2)
Impaired loans:
Total impaired loans		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:
Total impaired loans		0
Significant Unobservable Inputs (Level 3)
Impaired loans:
Total impaired loans		17
Total assets measured at fair value on a recurring basis	0	17
Total liabilities measured at fair value on a recurring basis	$ 0	0
Significant Unobservable Inputs (Level 3) | SBA Property
Impaired loans:
Total impaired loans		$ 17

Fair Value Measurements - Level

Fair Value Measurements - Level 3 Measurement Inputs (Details) - Nonrecurring $ in Thousands	Dec. 31, 2021USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total impaired loans	$ 17
SBA Property
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total impaired loans	17
Significant Unobservable Inputs (Level 3)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total impaired loans	17
Significant Unobservable Inputs (Level 3) | SBA Property
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total impaired loans	$ 17

Fair Value Measurements - Net G

Fair Value Measurements - Net Gains (Losses) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net gains (losses) recognized	$ 0	$ 189
SBA Property
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net gains (losses) recognized	0	(17)
Commercial lines of credit
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net gains (losses) recognized	0	136
SBA Commercial Term
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net gains (losses) recognized	0	(5)
Other real estate owned
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net gains (losses) recognized	$ 0	$ 75

Fair Value Measurements - Fair

Fair Value Measurements - Fair Values of Financial Assets and Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Financial assets:
Securities available-for-sale	$ 131,345	$ 123,198
Carrying Value
Financial assets:
Interest-bearing deposits in other financial institutions	230,519	188,063
Securities available-for-sale	131,345	123,198
Loans held-for-sale	18,340	37,026
Net loans held-for-investment	1,721,757	1,709,824
Federal Home Loan Bank (“FHLB”) and other restricted stock	8,577	8,577
Accrued interest receivable	5,050	5,368
Financial liabilities:
Deposits	1,910,379	1,867,134
FHLB advances	10,000	10,000
Accrued interest payable	570	771
Fair Value
Financial assets:
Interest-bearing deposits in other financial institutions	230,519	188,063
Securities available-for-sale	131,345	123,198
Loans held-for-sale	20,286	41,079
Net loans held-for-investment	1,726,579	1,725,022
Accrued interest receivable	5,050	5,368
Financial liabilities:
Deposits	1,908,619	1,867,635
FHLB advances	10,027	10,087
Accrued interest payable	571	771
Fair Value | Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial assets:
Interest-bearing deposits in other financial institutions	230,519	188,063
Securities available-for-sale	0	0
Loans held-for-sale	0	0
Net loans held-for-investment	0	0
Accrued interest receivable	21	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	131,345	123,198
Loans held-for-sale	20,286	41,079
Net loans held-for-investment	0	0
Accrued interest receivable	281	337
Financial liabilities:
Deposits	0	0
FHLB advances	10,027	10,087
Accrued interest payable	1	1
Fair Value | Significant Unobservable Inputs (Level 3)
Financial assets:
Interest-bearing deposits in other financial institutions	0	0
Securities available-for-sale	0	0
Loans held-for-sale	0	0
Net loans held-for-investment	1,726,579	1,725,022
Accrued interest receivable	4,748	5,030
Financial liabilities:
Deposits	1,908,619	1,867,635
FHLB advances	0	0
Accrued interest payable	$ 570	$ 770

Investment Securities - Summary

Investment Securities - Summary of Debt and Equity Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Securities available-for-sale:
Amortized Cost	$ 136,799	$ 123,185
Gross Unrealized Gain	212	1,322
Gross Unrealized Loss	(5,666)	(1,309)
Fair Value	131,345	123,198
Pledged securities for collateral	110,700	110,900
Residential mortgage-backed securities
Securities available-for-sale:
Amortized Cost	87,288	85,346
Gross Unrealized Gain	3	625
Gross Unrealized Loss	(5,059)	(1,258)
Fair Value	82,232	84,713
Residential collateralized mortgage obligations
Securities available-for-sale:
Amortized Cost	27,419	18,990
Gross Unrealized Gain	22	113
Gross Unrealized Loss	(344)	(47)
Fair Value	27,097	19,056
SBA loan pool securities
Securities available-for-sale:
Amortized Cost	11,774	8,520
Gross Unrealized Gain	33	156
Gross Unrealized Loss	(180)	(4)
Fair Value	11,627	8,672
Municipal bonds
Securities available-for-sale:
Amortized Cost	5,318	5,329
Gross Unrealized Gain	154	357
Gross Unrealized Loss	(1)	0
Fair Value	5,471	5,686
Corporate bonds
Securities available-for-sale:
Amortized Cost	5,000	5,000
Gross Unrealized Gain	0	71
Gross Unrealized Loss	(82)	0
Fair Value	$ 4,918	$ 5,071

Investment Securities - Summa_2

Investment Securities - Summary of Contractual Maturities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Amortized Cost
Within one year	$ 302
One to five years	1,845
Five to ten years	5,826
Greater than ten years	2,345
Residential mortgage-backed securities, residential collateralized mortgage obligations and SBA loan pool securities	126,481
Amortized Cost	136,799		$ 123,185
Fair Value
Within one year	303
One to five years	1,852
Five to ten years	5,747
Greater than ten years	2,487
Residential mortgage-backed securities, residential collateralized mortgage obligations and SBA loan pool securities	120,956
Fair Value	131,345		$ 123,198
Proceeds from sale of debt securities, available-for-sale	$ 0	$ 0

Investment Securities - Summa_3

Investment Securities - Summary of Individual Securities in Continuous Unrealized Loss Position (Details)	3 Months Ended
	Mar. 31, 2022USD ($)security	Mar. 31, 2021USD ($)	Dec. 31, 2021USD ($)security
Securities available-for-sale:
Less Than 12 Months, Fair Value	$ 79,302,000		$ 49,842,000
Less Than 12 Months, Gross Unrealized Losses	$ (3,411,000)		$ (978,000)
Less Than 12 Months, Number of Securities | security	128		36
12 months or Longer, Fair Value	$ 22,746,000		$ 9,041,000
12 months or Longer, Gross Unrealized Losses	$ (2,255,000)		$ (331,000)
12 months or Longer, Number of Securities | security	15		6
Total, Fair Value	$ 102,048,000		$ 58,883,000
Total, Gross Unrealized Losses	$ (5,666,000)		$ (1,309,000)
Total, Number of Securities | security	143		42
OTTI Assessment	$ 0	$ 0
Residential mortgage-backed securities
Securities available-for-sale:
Less Than 12 Months, Fair Value	59,115,000		$ 46,945,000
Less Than 12 Months, Gross Unrealized Losses	$ (2,806,000)		$ (931,000)
Less Than 12 Months, Number of Securities | security	87		32
12 months or Longer, Fair Value	$ 22,661,000		$ 8,885,000
12 months or Longer, Gross Unrealized Losses	$ (2,253,000)		$ (327,000)
12 months or Longer, Number of Securities | security	14		5
Total, Fair Value	$ 81,776,000		$ 55,830,000
Total, Gross Unrealized Losses	$ (5,059,000)		$ (1,258,000)
Total, Number of Securities | security	101		37
Residential collateralized mortgage obligations
Securities available-for-sale:
Less Than 12 Months, Fair Value	$ 7,706,000		$ 2,897,000
Less Than 12 Months, Gross Unrealized Losses	$ (344,000)		$ (47,000)
Less Than 12 Months, Number of Securities | security	28		4
12 months or Longer, Fair Value	$ 0		$ 0
12 months or Longer, Gross Unrealized Losses	$ 0		$ 0
12 months or Longer, Number of Securities | security	0		0
Total, Fair Value	$ 7,706,000		$ 2,897,000
Total, Gross Unrealized Losses	$ (344,000)		$ (47,000)
Total, Number of Securities | security	28		4
SBA loan pool securities
Securities available-for-sale:
Less Than 12 Months, Fair Value	$ 7,302,000		$ 0
Less Than 12 Months, Gross Unrealized Losses	$ (178,000)		$ 0
Less Than 12 Months, Number of Securities | security	11		0
12 months or Longer, Fair Value	$ 85,000		$ 156,000
12 months or Longer, Gross Unrealized Losses	$ (2,000)		$ (4,000)
12 months or Longer, Number of Securities | security	1		1
Total, Fair Value	$ 7,387,000		$ 156,000
Total, Gross Unrealized Losses	$ (180,000)		$ (4,000)
Total, Number of Securities | security	12		1
Municipal bonds
Securities available-for-sale:
Less Than 12 Months, Fair Value	$ 261,000
Less Than 12 Months, Gross Unrealized Losses	$ (1,000)
Less Than 12 Months, Number of Securities | security	1
12 months or Longer, Fair Value	$ 0
12 months or Longer, Gross Unrealized Losses	$ 0
12 months or Longer, Number of Securities | security	0
Total, Fair Value	$ 261,000
Total, Gross Unrealized Losses	$ (1,000)
Total, Number of Securities | security	1
Corporate bonds
Securities available-for-sale:
Less Than 12 Months, Fair Value	$ 4,918,000
Less Than 12 Months, Gross Unrealized Losses	$ (82,000)
Less Than 12 Months, Number of Securities | security	1
12 months or Longer, Fair Value	$ 0
12 months or Longer, Gross Unrealized Losses	$ 0
12 months or Longer, Number of Securities | security	0
Total, Fair Value	$ 4,918,000
Total, Gross Unrealized Losses	$ (82,000)
Total, Number of Securities | security	1

Loans and Allowance for Loan _3

Loans and Allowance for Loan Losses - Loans Held-For-Investment (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	$ 1,742,955	$ 1,732,205
Allowance for loan losses	(21,198)	(22,381)	$ (25,514)	$ (26,510)
Net loans held-for-investment	1,721,757	1,709,824
Officers and Directors
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	138	398
SBA PPP
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	22,900	65,300
Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	1,504,155	1,453,241
Allowance for loan losses	(16,602)	(16,797)	(18,693)	(18,894)
Real Estate | Commercial property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	1,150,101	1,105,843
Real Estate | Residential property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	215,132	209,485
Real Estate | SBA Property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	129,400	129,661
Real Estate | Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	9,522	8,252
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	217,048	257,343
Allowance for loan losses	(4,356)	(5,310)	(6,468)	(7,222)
Commercial and Industrial | Commercial term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	69,836	73,438
Commercial and Industrial | Commercial lines of credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	107,406	100,936
Commercial and Industrial | SBA Commercial Term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	16,880	17,640
Commercial and Industrial | SBA PPP
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	22,926	65,329
Other consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	21,752	21,621
Allowance for loan losses	$ (240)	$ (274)	$ (353)	$ (394)

Loans and Allowance for Loan _4

Loans and Allowance for Loan Losses - Allowance for Loan Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 22,381	$ 26,510
Charge-offs	(12)	(45)
Recoveries on loans previously charged off	20	196
Reversal for loan losses	(1,191)	(1,147)
Ending balance	21,198	25,514
Allowance for loan losses:
Individually evaluated for impairment	0		$ 0
Collectively evaluated for impairment	21,198		22,381
Total	21,198	25,514	22,381
Loans receivable:
Individually evaluated for impairment	1,958		1,535
Collectively evaluated for impairment	1,740,997		1,730,670
Total	1,742,955		1,732,205
Real Estate
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	16,797	18,894
Charge-offs	0	(18)
Recoveries on loans previously charged off	0	30
Reversal for loan losses	(195)	(213)
Ending balance	16,602	18,693
Allowance for loan losses:
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	16,602		16,797
Total	16,602	18,693	16,797
Loans receivable:
Individually evaluated for impairment	1,754		1,314
Collectively evaluated for impairment	1,502,401		1,451,927
Total	1,504,155		1,453,241
Commercial and Industrial
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	5,310	7,222
Charge-offs	0	(5)
Recoveries on loans previously charged off	5	149
Reversal for loan losses	(959)	(898)
Ending balance	4,356	6,468
Allowance for loan losses:
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	4,356		5,310
Total	4,356	6,468	5,310
Loans receivable:
Individually evaluated for impairment	204		221
Collectively evaluated for impairment	216,844		257,122
Total	217,048		257,343
Other Consumer
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	274	394
Charge-offs	(12)	(22)
Recoveries on loans previously charged off	15	17
Reversal for loan losses	(37)	(36)
Ending balance	240	353
Allowance for loan losses:
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	240		274
Total	240	$ 353	274
Loans receivable:
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	21,752		21,621
Total	$ 21,752		$ 21,621

Loans and Allowance for Loan _5

Loans and Allowance for Loan Losses - Credit Quality Indicators (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	$ 1,742,955	$ 1,732,205
Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	1,732,016	1,708,945
Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	5,562	18,092
Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	5,377	5,168
Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
SBA PPP
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	22,900	65,300
Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	1,504,155	1,453,241
Real Estate | Commercial property
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	1,150,101	1,105,843
Real Estate | Commercial property | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	1,145,433	1,092,253
Real Estate | Commercial property | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	2,822	11,739
Real Estate | Commercial property | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	1,846	1,851
Real Estate | Commercial property | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Real Estate | Residential property
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	215,132	209,485
Real Estate | Residential property | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	214,671	209,485
Real Estate | Residential property | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Real Estate | Residential property | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	461	0
Real Estate | Residential property | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Real Estate | SBA Property
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	129,400	129,661
Real Estate | SBA Property | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	127,442	127,518
Real Estate | SBA Property | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	250	251
Real Estate | SBA Property | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	1,708	1,892
Real Estate | SBA Property | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Real Estate | Construction
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	9,522	8,252
Real Estate | Construction | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	9,522	8,252
Real Estate | Construction | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Real Estate | Construction | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Real Estate | Construction | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Commercial and Industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	217,048	257,343
Commercial and Industrial | Commercial term
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	69,836	73,438
Commercial and Industrial | Commercial term | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	67,567	68,626
Commercial and Industrial | Commercial term | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	1,188	3,698
Commercial and Industrial | Commercial term | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	1,081	1,114
Commercial and Industrial | Commercial term | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Commercial and Industrial | Commercial lines of credit
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	107,406	100,936
Commercial and Industrial | Commercial lines of credit | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	106,305	98,785
Commercial and Industrial | Commercial lines of credit | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	1,101	2,151
Commercial and Industrial | Commercial lines of credit | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Commercial and Industrial | Commercial lines of credit | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Commercial and Industrial | SBA Commercial Term
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	16,880	17,640
Commercial and Industrial | SBA Commercial Term | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	16,423	17,111
Commercial and Industrial | SBA Commercial Term | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	201	253
Commercial and Industrial | SBA Commercial Term | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	256	276
Commercial and Industrial | SBA Commercial Term | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Commercial and Industrial | SBA PPP
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	22,926	65,329
Commercial and Industrial | SBA PPP | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	22,926	65,329
Commercial and Industrial | SBA PPP | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Commercial and Industrial | SBA PPP | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Commercial and Industrial | SBA PPP | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Other Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	21,752	21,621
Other Consumer | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	21,727	21,586
Other Consumer | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Other Consumer | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	25	35
Other Consumer | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	$ 0	$ 0

Loans and Allowance for Loan _6

Loans and Allowance for Loan Losses - Aging of Past Due Accruing Loans and Nonaccrual Loans by Portfolio Segment (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	$ 1,742,955,000	$ 1,732,205,000
Nonaccrual	1,418,000	994,000
Total Past Due and Nonaccrual	1,538,000	1,548,000
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]
Loans held-for-investment	119,000	549,000
60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	1,000	5,000
90 or More Days Past Due
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	0	0
Real Estate
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	1,504,155,000	1,453,241,000
Real Estate | Residential property
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	215,132,000	209,485,000
Nonaccrual	461,000	0
Total Past Due and Nonaccrual	461,000	461,000
Real Estate | Residential property | 30 to 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	0	461,000
Real Estate | Residential property | 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	0	0
Real Estate | Residential property | 90 or More Days Past Due
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	0	0
Real Estate | SBA Property
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	129,400,000	129,661,000
Nonaccrual	733,000	746,000
Total Past Due and Nonaccrual	733,000	746,000
Real Estate | SBA Property | 30 to 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	0	0
Real Estate | SBA Property | 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	0	0
Real Estate | SBA Property | 90 or More Days Past Due
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	0	0
Commercial and Industrial
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	217,048,000	257,343,000
Commercial and Industrial | SBA Commercial Term
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	16,880,000	17,640,000
Nonaccrual	199,000	213,000
Total Past Due and Nonaccrual	199,000	213,000
Commercial and Industrial | SBA Commercial Term | 30 to 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	0	0
Commercial and Industrial | SBA Commercial Term | 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	0	0
Commercial and Industrial | SBA Commercial Term | 90 or More Days Past Due
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	0	0
Other consumer loans
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	21,752,000	21,621,000
Nonaccrual	25,000	35,000
Total Past Due and Nonaccrual	145,000	128,000
Other consumer loans | 30 to 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	119,000	88,000
Other consumer loans | 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	1,000	5,000
Other consumer loans | 90 or More Days Past Due
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	$ 0	$ 0

Loans and Allowance for Loan _7

Loans and Allowance for Loan Losses - Impaired Loans by Portfolio Segment (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Financing Receivable, Impaired [Line Items]
Impaired financing receivable, with no allowance recorded, recorded investment	$ 1,958		$ 1,535
Impaired financing receivable, with no allowance recorded, unpaid principal balance	2,007		1,587
Impaired financing receivable, with an allowance recorded, recorded investment	0		0
Impaired financing receivable, with an allowance recorded, unpaid principal balance	0		0
Impaired financing receivable, with an allowance recorded, related allowance	0		0
Average Recorded Investment	1,977	$ 1,978
Interest Income	8	13
Interest Foregone on Impaired Loans [Abstract]
Interest income that would have been recognized had impaired loans performed in accordance with their original terms	26	28
Less: interest income recognized on impaired loans on a cash basis	(8)	(13)
Interest income foregone on impaired loans	18	15
Real Estate | Commercial property
Financing Receivable, Impaired [Line Items]
Impaired financing receivable, with no allowance recorded, recorded investment	324		326
Impaired financing receivable, with no allowance recorded, unpaid principal balance	323		325
Impaired financing receivable, with an allowance recorded, recorded investment	0		0
Impaired financing receivable, with an allowance recorded, unpaid principal balance	0		0
Impaired financing receivable, with an allowance recorded, related allowance	0		0
Average Recorded Investment	325	332
Interest Income	5	6
Real Estate | Residential property
Financing Receivable, Impaired [Line Items]
Impaired financing receivable, with no allowance recorded, recorded investment	461
Impaired financing receivable, with no allowance recorded, unpaid principal balance	461
Impaired financing receivable, with an allowance recorded, recorded investment	0
Impaired financing receivable, with an allowance recorded, unpaid principal balance	0
Impaired financing receivable, with an allowance recorded, related allowance	0
Average Recorded Investment	461	0
Interest Income	0	0
Real Estate | SBA Property
Financing Receivable, Impaired [Line Items]
Impaired financing receivable, with no allowance recorded, recorded investment	969		988
Impaired financing receivable, with no allowance recorded, unpaid principal balance	1,011		1,033
Impaired financing receivable, with an allowance recorded, recorded investment	0		0
Impaired financing receivable, with an allowance recorded, unpaid principal balance	0		0
Impaired financing receivable, with an allowance recorded, related allowance	0		0
Average Recorded Investment	979	1,342
Interest Income	3	7
Commercial and Industrial | Commercial term
Financing Receivable, Impaired [Line Items]
Impaired financing receivable, with no allowance recorded, recorded investment			2
Impaired financing receivable, with no allowance recorded, unpaid principal balance			2
Impaired financing receivable, with an allowance recorded, recorded investment			0
Impaired financing receivable, with an allowance recorded, unpaid principal balance			0
Impaired financing receivable, with an allowance recorded, related allowance			0
Average Recorded Investment	1	16
Interest Income	0	0
Commercial and Industrial | SBA Commercial Term
Financing Receivable, Impaired [Line Items]
Impaired financing receivable, with no allowance recorded, recorded investment	204		219
Impaired financing receivable, with no allowance recorded, unpaid principal balance	212		227
Impaired financing receivable, with an allowance recorded, recorded investment	0		0
Impaired financing receivable, with an allowance recorded, unpaid principal balance	0		0
Impaired financing receivable, with an allowance recorded, related allowance	0		$ 0
Average Recorded Investment	211	288
Interest Income	$ 0	$ 0

Loans and Allowance for Loan _8

Loans and Allowance for Loan Losses - Troubled Debt Restructurings (Details)	3 Months Ended
	Mar. 31, 2022USD ($)loan	Mar. 31, 2021loan	Dec. 31, 2021USD ($)
Loans Modified as TDRs as of Period End [Abstract]
Accruing	$ 565,000		$ 576,000
Nonaccrual	15,000		17,000
Total	580,000		593,000
Loans Modified as TDRs During the Period [Abstract]
Number of commitments to lend to customers with outstanding loans that were classified as TDRs	0		0
Allowance for loan losses	$ 0		0
Number of loans modified as TDRs for which there was payment default within twelve months | loan	0	0
Real Estate | Commercial property
Loans Modified as TDRs as of Period End [Abstract]
Accruing	$ 324,000		326,000
Nonaccrual	0		0
Total	324,000		326,000
Real Estate | SBA Property
Loans Modified as TDRs as of Period End [Abstract]
Accruing	236,000		242,000
Nonaccrual	15,000		17,000
Total	$ 251,000		259,000
Commercial and Industrial
Loans Modified as TDRs During the Period [Abstract]
Number of new loans modified as TDRs | loan	0	0
Commercial and Industrial | Commercial term
Loans Modified as TDRs as of Period End [Abstract]
Accruing	$ 0		2,000
Nonaccrual	0		0
Total	0		2,000
Commercial and Industrial | SBA Commercial Term
Loans Modified as TDRs as of Period End [Abstract]
Accruing	5,000		6,000
Nonaccrual	0		0
Total	$ 5,000		$ 6,000

Loans and Allowance for Loan _9

Loans and Allowance for Loan Losses - Loans Held-For-Sale (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-sale	$ 18,340,000		$ 37,026,000
Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Transfer of loans to held-for-sale	0	$ 0
Purchase of loans held for investment	0	$ 0
Real Estate | SBA Property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-sale	16,892,000		33,603,000
Commercial and Industrial | SBA Commercial Term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-sale	$ 1,448,000		$ 3,423,000

Servicing Assets - Narrative (D

Servicing Assets - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Transfers and Servicing [Abstract]
Total servicing assets	$ 7,533		$ 7,269
Loans sold with servicing rights retained	39,700	$ 10,900
Net gain on sale	3,800	1,200
Loan servicing income	$ 700	$ 882

Servicing Assets - Summary of K

Servicing Assets - Summary of Key Assumptions in Fair Value Calculations (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Servicing Assets at Fair Value [Line Items]
Carrying amount	$ 7,533	$ 7,269
Residential Property
Servicing Assets at Fair Value [Line Items]
Carrying amount	76	86	$ 105	$ 109
Fair value	$ 125	$ 126
Discount rate (in percent)	4.89%	6.33%
Prepayment speed (in percent)	22.60%	24.40%
Weighted average remaining life	21 years 8 months 12 days	21 years 10 months 24 days
Underlying loans being serviced	$ 15,708	$ 17,443
SBA Property
Servicing Assets at Fair Value [Line Items]
Carrying amount	6,984	6,701	5,519	5,642
Fair value	$ 10,623	$ 11,196
Discount rate (in percent)	8.31%	8.75%
Prepayment speed (in percent)	12.22%	9.80%
Weighted average remaining life	21 years 6 months	21 years 4 months 24 days
Underlying loans being serviced	$ 456,355	$ 442,424
SBA Commercial Term
Servicing Assets at Fair Value [Line Items]
Carrying amount	473	482	$ 629	$ 649
Fair value	$ 625	$ 734
Discount rate (in percent)	10.64%	9.64%
Prepayment speed (in percent)	19.28%	12.77%
Weighted average remaining life	6 years 3 months 18 days	6 years 2 months 12 days
Underlying loans being serviced	$ 59,120	$ 59,839

Servicing Assets - Summary of C

Servicing Assets - Summary of Changes in Servicing Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance at beginning of period	$ 7,269
Amortization	(531)	$ (391)
Balance at end of period	7,533
Residential Property
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance at beginning of period	86	109
Additions	0	0
Amortization	(10)	(4)
Balance at end of period	76	105
SBA Property
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance at beginning of period	6,701	5,642
Additions	745	207
Amortization	(462)	(330)
Balance at end of period	6,984	5,519
SBA Commercial Term
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance at beginning of period	482	649
Additions	50	37
Amortization	(59)	(57)
Balance at end of period	$ 473	$ 629

Other Real Estate Owned - Activ

Other Real Estate Owned - Activity (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Other Real Estate Owned [Roll Forward]
Balance at beginning of period	$ 0	$ 1,401
Additions	0	1,960
Sales	0	(1,025)
Net change in valuation allowance	0	0
Balance at end of period	$ 0	$ 2,336

Other Real Estate Owned - Valua

Other Real Estate Owned - Valuation Allowance (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Real Estate Owned Valuation Allowance [Roll Forward]
Balance at beginning of period	$ 0	$ 0
Additions	0	0
Net direct write-downs and removal from sale	0	0
Balance at end of period	$ 0	$ 0

Other Real Estate Owned - Expen

Other Real Estate Owned - Expenses (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Net (gain) loss on sales	$ 0	$ (12,000)
Loan provided to purchase its OREO		0
Net (gain) loss on sales
Accounts, Notes, Loans and Financing Receivable [Line Items]
Net (gain) loss on sales	0	(75,000)
Operating expenses, net of rental income
Accounts, Notes, Loans and Financing Receivable [Line Items]
Net (gain) loss on sales	$ 0	$ 63,000

Operating Leases - Cost and Sup

Operating Leases - Cost and Supplemental Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Leases [Abstract]
Operating lease cost	$ 665	$ 651
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	719	699
Right of use assets obtained in exchange for lease obligations	335	$ 105
Operating leases:
Operating lease assets	6,511		$ 6,786
Operating lease liabilities	$ 7,176		$ 7,444
Weighted-average remaining lease term	3 years 10 months 24 days		4 years
Weighted-average discount rate	2.34%		2.36%

Operating Leases - Maturities o

Operating Leases - Maturities of Operating Lease Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Maturities:
2022	$ 2,141
2023	2,376
2024	940
2025	842
2026	575
After 2026	732
Total lease payment	7,606
Imputed Interest	(430)
Present value of operating lease liabilities	$ 7,176	$ 7,444

Federal Home Loan Bank Advanc_2

Federal Home Loan Bank Advances and Other Borrowings (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Borrowings from the FHLB	$ 10,000,000	$ 10,000,000
Weighted average interest rate	2.07%
Loans pledged to secure borrowings	$ 1,010,000,000	982,700,000
Additional borrowing capacity	527,400,000	516,200,000
FHLB of San Francisco
Debt Instrument [Line Items]
Investment in capital stock of the FHLB	8,400,000	$ 8,400,000
FHLB Advances
Debt Instrument [Line Items]
Unused borrowing capacity	26,500,000
Loans pledged as collateral	33,500,000
Borrowings outstanding	0
Overnight federal funds lines, maximum borrowing capacity	$ 65,000,000
FHLB Advances | Maximum
Debt Instrument [Line Items]
Maturity term	5 years

Shareholders_ Equity - Narrativ

Shareholders’ Equity - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	5 Months Ended
	Sep. 07, 2021	Apr. 08, 2021
Equity, Class of Treasury Stock [Line Items]
Number of shares authorized to be repurchased		775,000
Repurchase of common stock (in shares)	680,269
Repurchase of common stock (in dollars per share)	$ 15.99
Repurchase of common stock	$ 10.9
Maximum
Equity, Class of Treasury Stock [Line Items]
Number of shares authorized to be repurchased as a percent of common stock outstanding		5.00%

Share-Based Compensation - Narr

Share-Based Compensation - Narrative (Details) - Stock options - shares	Mar. 31, 2022	Jul. 25, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Authorized options to purchase (in shares)		1,090,926
Shares available for future grants (in shares)	413,370

Share-Based Compensation - Shar

Share-Based Compensation - Share-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 141	$ 90
Related tax benefits	29	20
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	47	28
Restricted stock awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 94	$ 62

Share-Based Compensation - Unre

Share-Based Compensation - Unrecognized Share-based Compensation Expense (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options	$ 446
Restricted stock awards	993
Total unrecognized share-based compensation expense	$ 1,439
Weighted-Average Remaining Expected Recognition Period	3 years 4 months 24 days
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-Average Remaining Expected Recognition Period	3 years 6 months
Restricted stock awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-Average Remaining Expected Recognition Period	3 years 4 months 24 days

Share-Based Compensation - Opti

Share-Based Compensation - Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding at beginning of period (in shares)	632,772
Granted (in shares)	30,000
Exercised (in shares)	(54,038)
Outstanding at end of year (in shares)	608,734	632,772
Exercisable (in shares)	486,734
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)	$ 11.47
Weighted-Average Exercise Price Per Share, Granted (in dollars per share)	22.61
Weighted-Average Exercise Price Per Share, Exercised (in dollars per share)	8.91
Weighted-Average Exercise Price Per Share, Outstanding at ending of period (in dollars per share)	12.24	$ 11.47
Weighted-Average Exercise Price Per Share, Exercisable (in dollars per share)	$ 10.70
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Weighted-Average Contractual Term, Outstanding	4 years 8 months 12 days	4 years 6 months
Weighted-Average Contractual Term, Granted	10 years
Weighted-Average Contractual Term, Exercised	2 years 10 months 24 days
Weighted-Average Contractual Term, Exercisable	3 years 9 months 18 days
Aggregate Intrinsic Value, Balance	$ 6,519	$ 6,641
Aggregate Intrinsic Value, Exercisable	$ 5,964

Share-Based Compensation - Nonv

Share-Based Compensation - Nonvested Options (Details)	3 Months Ended
	Mar. 31, 2022$ / sharesshares
Number of Shares
Granted (in shares)	30,000
Non-Vested Stock Options
Number of Shares
Outstanding at beginning of period (in shares)	107,099
Granted (in shares)	30,000
Vested (in shares)	(15,099)
Outstanding at end of period (in shares)	122,000
Weighted-Average Exercise Price Per Share
Weighted-Average Exercise Price Per Share, Outstanding (in dollars per share) | $ / shares	$ 16.70
Weighted-Average Exercise Price Per Share, Granted (in dollars per share) | $ / shares	22.61
Weighted-Average Exercise Price Per Share, Vested (in dollars per share) | $ / shares	14.69
Weighted-Average Exercise Price Per Share, Outstanding (in dollars per share) | $ / shares	$ 18.40

Share-Based Compensation - Rest

Share-Based Compensation - Restricted Stock Awards (Details) - Restricted stock awards	3 Months Ended
	Mar. 31, 2022$ / sharesshares
Number of Shares
Outstanding at beginning of period (in shares) | shares	55,284
Granted (in shares) | shares	25,000
Vested (in shares) | shares	(11,262)
Forfeited (in shares) | shares	(200)
Outstanding at end of period (in shares) | shares	68,822
Weighted-Average Exercise Price Per Share
Weighted-Average Exercise Price Per Share, Outstanding (in dollars per share) | $ / shares	$ 12.79
Weighted-Average Exercise Price Per Share, Granted (in dollars per share) | $ / shares	21.96
Weighted-Average Exercise Price Per Share, Vested (in dollars per share) | $ / shares	10.36
Weighted-Average Exercise Price Per Share, Forfeited (in dollars per share) | $ / shares	17.09
Weighted-Average Exercise Price Per Share, Outstanding (in dollars per share) | $ / shares	$ 16.51

Income Taxes (Details)

Income Taxes (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Income tax expense	$ 4,159,000	$ 3,594,000
Effective tax rate	28.90%	29.60%
Unrecognized tax benefits	$ 0		$ 0

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Basic earnings per share:
Net income	$ 10,240	$ 8,560
Less: income allocated to unvested restricted stock	(48)	(33)
Net income allocated to common stock	$ 10,192	$ 8,527
Weighted-average total common shares outstanding (in shares)	14,918,594	15,443,120
Weighted average unvested restricted stock (in shares)	(70,580)	(58,777)
Weighted-average common shares outstanding, basic (in shares)	14,848,014	15,384,343
Basic earnings per share (in dollars per share)	$ 0.69	$ 0.55
Diluted earnings per share:
Net income allocated to common stock	$ 10,192	$ 8,527
Weighted-average common shares outstanding, basic (in shares)	14,848,014	15,384,343
Diluted effect of stock options (in shares)	293,679	149,265
Weighted-average common shares outstanding, diluted (in shares)	15,141,693	15,533,608
Diluted earnings per share (in shares)	$ 0.67	$ 0.55
Antidilutive securities earnings per share, amount	60,000	173,000

Commitments and Contingencies_2

Commitments and Contingencies (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Other Commitments [Line Items]
Data breach expense	$ 0	$ 100,000
Fixed Rate
Other Commitments [Line Items]
Outstanding financial commitments whose contractual amount represents credit risk	10,054,000	12,025,000
Variable Rate
Other Commitments [Line Items]
Outstanding financial commitments whose contractual amount represents credit risk	206,762,000	192,382,000
SEC Schedule, 12-09, Reserve, Off-balance Sheet Activity
Other Commitments [Line Items]
Reserve for off-balance sheet items	216,000	214,000
Unused lines of credit | Fixed Rate
Other Commitments [Line Items]
Outstanding financial commitments whose contractual amount represents credit risk	5,621,000	8,261,000
Unused lines of credit | Variable Rate
Other Commitments [Line Items]
Outstanding financial commitments whose contractual amount represents credit risk	$ 170,121,000	160,739,000
Unfunded loan commitments
Other Commitments [Line Items]
Maturity term	90 days
Unfunded loan commitments | SBA Loans
Other Commitments [Line Items]
Maturity term	180 days
Unfunded loan commitments | Fixed Rate
Other Commitments [Line Items]
Outstanding financial commitments whose contractual amount represents credit risk	$ 1,080,000	595,000
Unfunded loan commitments | Variable Rate
Other Commitments [Line Items]
Outstanding financial commitments whose contractual amount represents credit risk	34,489,000	29,688,000
Standby letters of credit | Fixed Rate
Other Commitments [Line Items]
Outstanding financial commitments whose contractual amount represents credit risk	3,343,000	3,078,000
Standby letters of credit | Variable Rate
Other Commitments [Line Items]
Outstanding financial commitments whose contractual amount represents credit risk	1,431,000	1,431,000
Commercial letters of credit | Fixed Rate
Other Commitments [Line Items]
Outstanding financial commitments whose contractual amount represents credit risk	10,000	91,000
Commercial letters of credit | Variable Rate
Other Commitments [Line Items]
Outstanding financial commitments whose contractual amount represents credit risk	$ 721,000	$ 524,000

Regulatory Matters - Narrative

Regulatory Matters - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021	Dec. 16, 2021
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Banking regulation, emergency capital investment program, eligible ECIP investment amount			$ 69.1
PCB Bancorp
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Capital conservation buffer	7.97%	8.04%
Pacific City Bank
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Capital conservation buffer	7.63%	7.73%

Regulatory Matters - Schedule o

Regulatory Matters - Schedule of Regulatory Capital Amounts and Ratios (Details) $ in Thousands	Mar. 31, 2022USD ($)	Dec. 31, 2021USD ($)
PCB Bancorp
Actual
Common tier 1 capital (to risk-weighted assets), amount	$ 264,283	$ 255,650
Common tier 1 capital (to risk-weighted assets), ratio	0.1477	0.1479
Total capital (to risk-weighted assets), amount	$ 285,697	$ 277,263
Total capital (to risk-weighted assets), ratio	0.1597	0.1604
Tier 1 capital (to risk-weighted assets), amount	$ 264,283	$ 255,650
Tier 1 capital (to risk-weighted assets), ratio	0.1477	0.1479
Tier 1 capital (to average assets), amount	$ 264,283	$ 255,650
Tier 1 capital (to average assets), ratio	0.1222	0.1211
Minimum Capital Requirement
Common tier 1 capital (to risk-weighted assets), amount	$ 80,523	$ 77,762
Common tier 1 capital (to risk-weighted assets), ratio	4.50%	4.50%
Total capital (to risk-weighted assets), amount	$ 143,152	$ 138,244
Total capital (to risk-weighted assets), ratio	0.080	0.080
Tier 1 capital (to risk-weighted assets), amount	$ 107,364	$ 103,683
Tier 1 capital (to risk-weighted assets), ratio	0.060	0.060
Tier 1 capital (to average assets), amount	$ 86,487	$ 84,445
Tier 1 capital (to average assets), ratio	0.040	0.040
Pacific City Bank
Actual
Common tier 1 capital (to risk-weighted assets), amount	$ 258,207	$ 250,145
Common tier 1 capital (to risk-weighted assets), ratio	0.1443	0.1448
Total capital (to risk-weighted assets), amount	$ 279,621	$ 271,757
Total capital (to risk-weighted assets), ratio	0.1563	0.1573
Tier 1 capital (to risk-weighted assets), amount	$ 258,207	$ 250,145
Tier 1 capital (to risk-weighted assets), ratio	0.1443	0.1448
Tier 1 capital (to average assets), amount	$ 258,207	$ 250,145
Tier 1 capital (to average assets), ratio	0.1194	0.1185
Minimum Capital Requirement
Common tier 1 capital (to risk-weighted assets), amount	$ 80,520	$ 77,761
Common tier 1 capital (to risk-weighted assets), ratio	4.50%	4.50%
Total capital (to risk-weighted assets), amount	$ 143,147	$ 138,241
Total capital (to risk-weighted assets), ratio	0.080	0.080
Tier 1 capital (to risk-weighted assets), amount	$ 107,360	$ 103,681
Tier 1 capital (to risk-weighted assets), ratio	0.060	0.060
Tier 1 capital (to average assets), amount	$ 86,485	$ 84,443
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	$ 116,307	$ 112,321
Common tier 1 capital (to risk-weighted assets), ratio	6.50%	6.50%
Total capital (to risk-weighted assets), amount	$ 178,934	$ 172,801
Total capital (to risk-weighted assets), ratio	0.100	0.100
Tier 1 capital (to risk-weighted assets), amount	$ 143,147	$ 138,241
Tier 1 capital (to risk-weighted assets), ratio	0.080	0.080
Tier 1 capital (to average assets), amount	$ 108,106	$ 105,554
Tier 1 capital (to average assets), ratio	0.050	0.050

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Disaggregation of Revenue [Line Items]
Total	$ 591	$ 614
Total service charges and fees on deposits
Disaggregation of Revenue [Line Items]
Total	303	293
Monthly service fees
Disaggregation of Revenue [Line Items]
Total	21	20
Account analysis fees
Disaggregation of Revenue [Line Items]
Total	215	210
Non-sufficient funds charges
Disaggregation of Revenue [Line Items]
Total	47	49
Other deposit related fees
Disaggregation of Revenue [Line Items]
Total	20	14
Debit card fees
Disaggregation of Revenue [Line Items]
Total	84	59
Gain (loss) on sale of other real estate owned
Disaggregation of Revenue [Line Items]
Total	0	75
Wire transfer fees
Disaggregation of Revenue [Line Items]
Total	159	135
Other service charges
Disaggregation of Revenue [Line Items]
Total	$ 45	$ 52

Subsequent Events (Details)

Subsequent Events (Details) - $ / shares	Apr. 28, 2022	Mar. 31, 2022	Mar. 31, 2021
Subsequent Event [Line Items]
Cash dividends declared on common stock (in dollars per share)		$ 0.15	$ 0.10
Subsequent Event
Subsequent Event [Line Items]
Cash dividends declared on common stock (in dollars per share)	$ 0.15