PCB Bancorp (PCB) 10-Q 4 Aug 22 2022 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2022	Jul. 28, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 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		14,958,760
Current Fiscal Year End Date	--12-31
Amendment Flag	false
Entity Central Index Key	0001423869
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Assets
Cash and due from banks	$ 23,125	$ 15,222
Interest-bearing deposits in other financial institutions	276,785	188,063
Total cash and cash equivalents	299,910	203,285
Securities available-for-sale, at fair value	139,067	123,198
Loans held-for-sale	9,627	37,026
Loans held-for-investment, net of deferred loan costs (fees)	1,833,010	1,732,205
Allowance for loan losses	(21,071)	(22,381)
Net loans held-for-investment	1,811,939	1,709,824
Premises and equipment, net	3,633	3,098
Federal Home Loan Bank and other restricted stock, at cost	10,183	8,577
Other real estate owned, net	808	0
Bank-owned life insurance	29,705	29,358
Deferred tax assets, net	11,869	10,824
Servicing assets	7,716	7,269
Operating lease assets	6,512	6,786
Accrued interest receivable	5,212	5,368
Other assets	8,379	5,122
Total assets	2,344,560	2,149,735
Deposits:
Noninterest-bearing demand	988,454	830,383
Savings, NOW and money market accounts	492,173	422,526
Time deposits of $250,000 or less	270,956	341,956
Time deposits of more than $250,000	246,024	272,269
Total deposits	1,997,607	1,867,134
Federal Home Loan Bank advances	0	10,000
Operating lease liabilities	7,067	7,444
Accrued interest payable and other liabilities	5,511	8,871
Total liabilities	2,010,185	1,893,449
Commitments and contingencies
Preferred stock, 10,000,000 shares authorized, no par value:
Common stock, 60,000,000 shares authorized, no par value; 14,956,760 and 14,865,825 shares issued and outstanding, respectively, and included 68,822 and 55,284 shares of unvested restricted stock, respectively, at June 30, 2022 and December 31, 2021	155,842	154,992
Retained earnings	115,992	101,140
Accumulated other comprehensive income (loss), net	(6,600)	154
Total shareholders’ equity	334,375	256,286
Total liabilities and shareholders’ equity	2,344,560	2,149,735
Series C Preferred Stock
Preferred stock, 10,000,000 shares authorized, no par value:
Series C, senior non-cumulative perpetual, $1,000 per share liquidation preference, 69,141 and 0 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively.	$ 69,141	$ 0

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares $ / shares in Thousands	Jun. 30, 2022	Dec. 31, 2021
Preferred stock, authorized (in shares)	10,000,000	10,000,000
Common stock, authorized (in shares)	60,000,000	60,000,000
Common stock, issued (in shares)	14,956,760	14,865,825
Common stock, outstanding (in shares)	14,956,760	14,865,825
Restricted stock awards
Unvested restricted stock (in shares)	68,822	55,284
Series C Preferred Stock
Preferred stock, liquidation preference per share (in dollars per share)	$ 1	$ 1
Preferred stock, issued (in shares)	69,141	0
Preferred stock, outstanding (in shares)	69,141	0

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Interest and dividend income:
Loans, including fees	$ 21,243	$ 19,511	$ 41,433	$ 38,255
Tax-exempt investment securities	37	37	73	73
Taxable investment securities	631	338	1,071	662
Other interest-earning assets	535	165	763	319
Total interest income	22,446	20,051	43,340	39,309
Interest expense:
Deposits	1,041	1,000	1,891	2,311
Other borrowings	54	55	105	183
Total interest expense	1,095	1,055	1,996	2,494
Net interest income	21,351	18,996	41,344	36,815
Reversal for loan losses	(109)	(934)	(1,300)	(2,081)
Net interest income after reversal for loan losses	21,460	19,930	42,644	38,896
Noninterest income:
Service charges and fees on deposits	628	567	1,219	1,181
Loan servicing income	755	545	1,455	1,427
Bank-owned life insurance income	175	0	347	0
Gain on sale of loans	2,039	3,967	5,816	5,289
Other income	349	337	683	697
Total noninterest income	3,648	5,151	8,934	8,008
Noninterest expense:
Salaries and employee benefits	8,125	7,125	16,720	13,307
Occupancy and equipment	1,537	1,388	2,934	2,759
Professional fees	642	658	1,045	1,152
Marketing and business promotion	310	516	517	654
Data processing	441	396	845	773
Director fees and expenses	182	151	351	289
Regulatory assessments	147	179	288	387
Other expense	861	726	1,616	1,487
Total noninterest expense	12,245	11,139	24,316	20,808
Income before income taxes	12,863	13,942	27,262	26,096
Income tax expense	3,771	4,098	7,930	7,692
Net income	$ 9,092	$ 9,844	$ 19,332	$ 18,404
Earnings per common share, basic (in dollars per share)	$ 0.61	$ 0.65	$ 1.29	$ 1.20
Earnings per common share, diluted (in dollars per share)	$ 0.60	$ 0.64	$ 1.27	$ 1.19
Weighted-average common shares outstanding, basic (in shares)	14,883,768	15,115,561	14,865,990	15,249,210
Weighted-average common shares outstanding, diluted (in shares)	15,122,452	15,309,873	15,138,493	15,425,308
Service charges and fees on deposits
Noninterest income:
Service charges and fees on deposits	$ 330	$ 302	$ 633	$ 595

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 9,092	$ 9,844	$ 19,332	$ 18,404
Other comprehensive income (loss):
Unrealized gain (loss) on securities available-for-sale arising during the period	(4,117)	403	(9,584)	(1,153)
Income tax benefit (expense) related to items of other comprehensive income (loss)	1,215	(118)	2,830	340
Total other comprehensive income (loss), net of tax	(2,902)	285	(6,754)	(813)
Total comprehensive income	$ 6,190	$ 10,129	$ 12,578	$ 17,591

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Preferred Stock	Common Stock	Retained Earnings	Accumulated Other Comprehensive Income (Loss)
Beginning balance at Dec. 31, 2020	$ 233,788	$ 0	$ 164,140	$ 67,692	$ 1,956
Beginning balance, preferred stock (in shares) at Dec. 31, 2020		0
Beginning balance, common stock (in shares) at Dec. 31, 2020			15,385,878
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	18,404			18,404
Other comprehensive income (loss), net of tax	(813)				(813)
Issuance of restricted stock (in shares)			33,784
Forfeiture of restricted stock (in shares)			(1,000)
Repurchase of common stock	(10,333)		$ (10,333)
Repurchase of common stock (in shares)			(646,334)
Share-based compensation expense	207		$ 207
Stock options exercised	782		$ 782
Stock options exercised (in shares)			81,987
Cash dividends declared on common stock	(3,094)			(3,094)
Ending balance at Jun. 30, 2021	238,941	$ 0	$ 154,796	83,002	1,143
Ending balance, preferred stock (in shares) at Jun. 30, 2021		0
Ending balance, common stock (in shares) at Jun. 30, 2021			14,854,315
Beginning balance at Mar. 31, 2021	240,263	$ 0	$ 164,698	74,707	858
Beginning balance, preferred stock (in shares) at Mar. 31, 2021		0
Beginning balance, common stock (in shares) at Mar. 31, 2021			15,468,242
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	9,844			9,844
Other comprehensive income (loss), net of tax	285				285
Repurchase of common stock	(10,333)		$ (10,333)
Repurchase of common stock (in shares)			(646,334)
Share-based compensation expense	117		$ 117
Stock options exercised	314		$ 314
Stock options exercised (in shares)			32,407
Cash dividends declared on common stock	(1,549)			(1,549)
Ending balance at Jun. 30, 2021	238,941	$ 0	$ 154,796	83,002	1,143
Ending balance, preferred stock (in shares) at Jun. 30, 2021		0
Ending balance, common stock (in shares) at Jun. 30, 2021			14,854,315
Beginning balance at Dec. 31, 2021	$ 256,286	$ 0	$ 154,992	101,140	154
Beginning balance, preferred stock (in shares) at Dec. 31, 2021		0
Beginning balance, common stock (in shares) at Dec. 31, 2021	14,865,825		14,865,825
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 19,332			19,332
Other comprehensive income (loss), net of tax	(6,754)				(6,754)
Issuance of preferred stock	69,141	$ 69,141
Issuance of preferred stock (in shares)		69,141
Issuance of restricted stock (in shares)			25,000
Forfeiture of restricted stock (in shares)			(200)
Share-based compensation expense	283		$ 283
Stock options exercised	$ 567		$ 567
Stock options exercised (in shares)	66,135		66,135
Cash dividends declared on common stock	$ (4,480)			(4,480)
Ending balance at Jun. 30, 2022	$ 334,375	$ 69,141	$ 155,842	115,992	(6,600)
Ending balance, preferred stock (in shares) at Jun. 30, 2022		69,141
Ending balance, common stock (in shares) at Jun. 30, 2022	14,956,760		14,956,760
Beginning balance at Mar. 31, 2022	$ 261,058	$ 0	$ 155,614	109,142	(3,698)
Beginning balance, preferred stock (in shares) at Mar. 31, 2022		0
Beginning balance, common stock (in shares) at Mar. 31, 2022			14,944,663
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	9,092			9,092
Other comprehensive income (loss), net of tax	(2,902)				(2,902)
Issuance of preferred stock	69,141	$ 69,141
Issuance of preferred stock (in shares)		69,141
Share-based compensation expense	142		$ 142
Stock options exercised	$ 86		$ 86
Stock options exercised (in shares)	12,097		12,097
Cash dividends declared on common stock	$ (2,242)			(2,242)
Ending balance at Jun. 30, 2022	$ 334,375	$ 69,141	$ 155,842	$ 115,992	$ (6,600)
Ending balance, preferred stock (in shares) at Jun. 30, 2022		69,141
Ending balance, common stock (in shares) at Jun. 30, 2022	14,956,760		14,956,760

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Stockholders' Equity [Abstract]
Cash dividends declared (in dollars per share)	$ 0.15	$ 0.10	$ 0.30	$ 0.20

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash flows from operating activities
Net income	$ 19,332	$ 18,404
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of premises and equipment	651	719
Net amortization of premiums on securities	232	590
Net accretion of discounts on loans	(1,815)	(1,757)
Net accretion of deferred loan fees	(1,771)	(2,679)
Amortization of servicing assets	1,061	970
Provision (reversal) for loan losses	(1,300)	(2,081)
Bank-owned life insurance income	(347)	0
Deferred tax expense	1,785	568
Stock-based compensation	283	207
Gain on sale of loans	(5,816)	(5,289)
Originations of loans held-for-sale	(51,106)	(63,646)
Proceeds from sales of and principal collected on loans held-for-sale	84,802	59,576
Change in accrued interest receivable and other assets	(3,094)	2,390
Change in accrued interest payable and other liabilities	(4,119)	(767)
Net cash provided by operating activities	38,778	7,205
Cash flows from investing activities
Purchase of securities available-for-sale	(38,033)	(39,538)
Proceeds from maturities and paydowns of securities available-for-sale	12,348	22,843
Proceeds from sale of loans held-for-sale previously classified as held-for-investment	0	1,899
Net change in loans held-for-investment	(99,369)	(134,455)
Purchase of loans held-for-investment	0	(636)
Purchase of Federal Home Loan Bank stock	(1,606)	(130)
Proceeds from sale of other real estate owned	0	3,434
Purchases of premises and equipment	(1,194)	(251)
Net cash used in investing activities	(127,854)	(146,834)
Cash flows from financing activities
Net change in deposits	130,473	202,797
Repayment of long-term Federal Home Loan Bank advances	(10,000)	(70,000)
Stock options exercised	567	782
Issuance of preferred stock	69,141	0
Repurchase of common stock	0	(10,333)
Cash dividends paid on common stock	(4,480)	(3,094)
Net cash provided by financing activities	185,701	120,152
Net increase (decrease) in cash and cash equivalents	96,625	(19,477)
Cash and cash equivalents at beginning of period	203,285	194,098
Cash and cash equivalents at end of period	299,910	174,621
Supplemental disclosures of cash flow information:
Interest paid	2,165	3,872
Income taxes paid	11,409	5,777
Supplemental disclosures of non-cash investment activities:
Loans transferred to loans held-for-sale	0	1,899
Loans transferred to other real estate owned	151	905
Right of use assets obtained in exchange for lease obligations	$ 964	$ 136

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies	6 Months Ended
	Jun. 30, 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 June 30, 2022, the Bank operated 11 full-service branches in Los Angeles and Orange counties, California, one full-service branch in each of Englewood Cliffs, New Jersey and Bayside, New York, and loan production offices (“LPOs”) in Artesia, California; Annandale, Virginia; Atlanta, Georgia; 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 and six months ended June 30, 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 June 30, 2022 and December 31, 2021, and for the three and six months ended June 30, 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 June 30, 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 June 30, 2022 and December 31, 2021, the Company had SBA PPP loans of $1.6 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 June 30, 2022 and December 31, 2021. Adopted Accounting Pronouncements During the six months ended June 30, 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, ” while enhancing disclosure requirements for restructurings involving borrowers that are experiencing financial difficulty. This Update also requires public business entities to disclose current-period gross write-offs by year of origination for financing receivables and net investments in leases. The Company will adopt this ASU at January

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 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 June 30, 2022 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ — $ 93,510 $ — $ 93,510 Residential collateralized mortgage obligations — 24,680 — 24,680 SBA loan pool securities — 10,792 — 10,792 Municipal bonds — 5,272 — 5,272 Corporate bonds — 4,813 — 4,813 Total securities available-for-sale — 139,067 — 139,067 Total assets measured at fair value on a recurring basis $ — $ 139,067 $ — $ 139,067 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 June 30, 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 June 30, Six Months Ended June 30, ($ in thousands) 2022 2021 2022 2021 Collateral dependent impaired loans: SBA property $ — $ 15 $ — $ (2) Commercial lines of credit — — — 136 SBA commercial term — — — (5) Other real estate owned — (1) — 74 Net gains (losses) recognized $ — $ 14 $ — $ 203 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 June 30, 2022 Financial assets: Interest-bearing deposits in other financial institutions $ 276,785 $ 276,785 $ 276,785 $ — $ — Securities available-for-sale 139,067 139,067 — 139,067 — Loans held-for-sale 9,627 10,275 — 10,275 — Net loans held-for-investment 1,811,830 1,790,987 — — 1,790,987 Federal Home Loan Bank (“FHLB”) and other restricted stock 10,183 N/A N/A N/A N/A Accrued interest receivable 5,212 5,212 13 400 4,799 Financial liabilities: Deposits $ 1,997,607 $ 1,993,792 $ — $ — $ 1,993,792 Accrued interest payable 602 602 — — 602 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	6 Months Ended
	Jun. 30, 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 June 30, 2022 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ 101,619 $ 9 $ (8,118) $ 93,510 Residential collateralized mortgage obligations 25,705 9 (1,034) 24,680 SBA loan pool securities 11,007 51 (266) 10,792 Municipal bonds 5,307 7 (42) 5,272 Corporate bonds 5,000 — (187) 4,813 Total securities available-for-sale $ 148,638 $ 76 $ (9,647) $ 139,067 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 June 30, 2022 and December 31, 2021, pledged securities were $68.7 million and $110.9 million, respectively. These securities were pledged for the State Deposit from the California State Treasurer. The following table presents the amortized cost and fair value of the securities available-for-sale by contractual maturity as of the date indicated. Expected maturities may differ from contractual maturities, if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately. June 30, 2022 ($ in thousands) Amortized Cost Fair Value Within one year $ 300 $ 300 One to five years 1,839 1,842 Five to ten years 5,822 5,634 Greater than ten years 2,346 2,309 Residential mortgage-backed securities, residential collateralized mortgage obligations and SBA loan pool securities 138,331 128,982 Total $ 148,638 $ 139,067 The Company had no proceeds from sales and calls of securities available-for-sale during the three and six months ended June 30, 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 June 30, 2022 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ 68,576 $ (4,963) 95 $ 21,103 $ (3,155) 15 $ 89,679 $ (8,118) 110 Residential collateralized mortgage obligations 18,553 (1,034) 37 — — — 18,553 (1,034) 37 SBA loan pool securities 4,923 (265) 10 84 (1) 1 5,007 (266) 11 Municipal bonds 2,851 (42) 8 — — — 2,851 (42) 8 Corporate bonds 4,813 (187) 1 — — — 4,813 (187) 1 Total securities available-for-sale $ 99,716 $ (6,491) 151 $ 21,187 $ (3,156) 16 $ 120,903 $ (9,647) 167 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 June 30, 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 June 30, 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 and six months ended June 30, 2022 and 2021.

Loans and Allowance for Loan Lo

Loans and Allowance for Loan Losses	6 Months Ended
	Jun. 30, 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) June 30, 2022 December 31, 2021 Real estate loans: Commercial property $ 1,204,142 $ 1,105,843 Residential property 258,259 209,485 SBA property 131,420 129,661 Construction 12,595 8,252 Total real estate loans 1,606,416 1,453,241 Commercial and industrial loans: Commercial term 73,885 73,438 Commercial lines of credit 111,916 100,936 SBA commercial term 16,985 17,640 SBA PPP 1,583 65,329 Total commercial and industrial loans 204,369 257,343 Other consumer loans 22,225 21,621 Loans held-for-investment 1,833,010 1,732,205 Allowance for loan losses (21,071) (22,381) Net loans held-for-investment $ 1,811,939 $ 1,709,824 The Company had no loans under modified terms related to the COVID-19 pandemic as of June 30, 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 June 30, 2022 and December 31, 2021, the Company had $115 thousand and $398 thousand, respectively, of such loans outstanding. Allowance for Loan Losses The following tables present the activities in allowance for loan losses by portfolio segment, which is consistent with the Company’s methodology for determining allowance for loan losses, for the periods indicated: ($ in thousands) Real Estate Commercial and Industrial Other Consumer Total Balance at April 1, 2022 $ 16,602 $ 4,356 $ 240 $ 21,198 Charge-offs — (17) (30) (47) Recoveries on loans previously charged off — 18 11 29 Reversal for loan losses (11) (82) (16) (109) Balance at June 30, 2022 $ 16,591 $ 4,275 $ 205 $ 21,071 Balance at April 1, 2021 $ 18,693 $ 6,468 $ 353 $ 25,514 Charge-offs — (11) (22) (33) Recoveries on loans previously charged off 17 310 15 342 Provision (reversal) for loan losses (38) (901) 5 (934) Balance at June 30, 2021 $ 18,672 $ 5,866 $ 351 $ 24,889 ($ in thousands) Real Estate Commercial and Industrial Other Consumer Total Balance at January 1, 2022 $ 16,797 $ 5,310 $ 274 $ 22,381 Charge-offs — (17) (42) (59) Recoveries on loans previously charged off — 23 26 49 Reversal for loan losses (206) (1,041) (53) (1,300) Balance at June 30, 2022 $ 16,591 $ 4,275 $ 205 $ 21,071 Balance at January 1, 2021 $ 18,894 $ 7,222 $ 394 $ 26,510 Charge-offs (18) (16) (44) (78) Recoveries on loans previously charged off 47 459 32 538 Reversal for loan losses (251) (1,799) (31) (2,081) Balance at June 30, 2021 $ 18,672 $ 5,866 $ 351 $ 24,889 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 June 30, 2022 Allowance for loan losses: Individually evaluated for impairment $ — $ — $ — $ — Collectively evaluated for impairment 16,591 4,275 205 21,071 Total $ 16,591 $ 4,275 $ 205 $ 21,071 Loans receivable: Individually evaluated for impairment $ 1,564 $ 190 $ — $ 1,754 Collectively evaluated for impairment 1,604,852 204,179 22,225 1,831,256 Total $ 1,606,416 $ 204,369 $ 22,225 $ 1,833,010 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 June 30, 2022 Real estate loans: Commercial property $ 1,200,147 $ 3,304 $ 691 $ — $ 1,204,142 Residential property 257,808 — 451 — 258,259 SBA property 129,640 249 1,531 — 131,420 Construction 12,595 — — — 12,595 Commercial and industrial loans: Commercial term 71,377 1,462 1,046 — 73,885 Commercial lines of credit 110,815 1,101 — — 111,916 SBA commercial term 16,551 197 237 — 16,985 SBA PPP 1,583 — — — 1,583 Other consumer loans 22,201 — 24 — 22,225 Total $ 1,822,717 $ 6,313 $ 3,980 $ — $ 1,833,010 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 June 30, 2022 Real estate loans: Residential property $ 372 $ — $ — $ 450 $ 822 SBA property 191 — — 564 755 Commercial and industrial loans: SBA commercial term — — — 185 185 Other consumer loans 119 — — 24 143 Total $ 682 $ — $ — $ 1,223 $ 1,905 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 June 30, 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 June 30, 2022 Real estate loans: Commercial property $ 322 $ 321 $ — $ — $ — Residential property 450 451 — — — SBA property 792 831 — — — Commercial and industrial loans: SBA commercial term 190 196 — — — Total $ 1,754 $ 1,799 $ — $ — $ — 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 tables present information on the recorded investment in impaired loans by portfolio segment for the periods indicated: Three Months Ended June 30, 2022 2021 ($ in thousands) Average Recorded Investment Interest Income Average Recorded Investment Interest Income Real estate loans: Commercial property $ 323 $ 6 $ 330 $ 5 Residential property 456 — — — SBA property 880 3 1,048 3 Commercial and industrial loans: Commercial term — — 13 — SBA commercial term 197 — 616 1 Total $ 1,856 $ 9 $ 2,007 $ 9 Six Months Ended June 30, 2022 2021 ($ in thousands) Average Recorded Investment Interest Income Average Recorded Investment Interest Income Real estate loans: Commercial property $ 324 $ 11 $ 331 $ 11 Residential property 458 — — — SBA property 931 6 1,196 10 Commercial and industrial loans: Commercial term — — 14 — SBA commercial term 204 — 452 1 Total $ 1,917 $ 17 $ 1,993 $ 22 The following presents a summary of interest foregone on impaired loans for the periods indicated: Three Months Ended June 30, Six Months Ended June 30, ($ in thousands) 2022 2021 2022 2021 Interest income that would have been recognized had impaired loans performed in accordance with their original terms $ 24 $ 27 $ 50 $ 55 Less: interest income recognized on impaired loans on a cash basis (9) (9) (17) (22) Interest income foregone on impaired loans $ 15 $ 18 $ 33 $ 33 Troubled Debt Restructurings The following table presents the composition of loans that were modified as TDRs by portfolio segment as of the dates indicated: June 30, 2022 December 31, 2021 ($ in thousands) Accruing Nonaccrual Total Accruing Nonaccrual Total Real estate loans: Commercial property $ 321 $ — $ 321 $ 326 $ — $ 326 SBA property 229 10 239 242 17 259 Commercial and industrial loans: Commercial term — — — 2 — 2 SBA commercial term 5 — 5 6 — 6 Total $ 555 $ 10 $ 565 $ 576 $ 17 $ 593 There were no new loans that were modified as TDRs for the three and six months ended June 30, 2022 and 2021. The Company had no commitments to lend to customers with outstanding loans that were classified as TDRs as of June 30, 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 June 30, 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 and six months ended June 30, 2022 and 2021. Purchases, Sales, and Transfers The following table presents a summary of loans held-for-investment transferred to loans held-for-sale for the periods indicated: Three Months Ended June 30, Six Months Ended June 30, ($ in thousands) 2022 2021 2022 2021 Real estate loans: Commercial property $ — $ 1,710 $ — $ 1,710 Residential property — 189 — 189 Total $ — $ 1,899 $ — $ 1,899 The Company had no loans that were transferred from loans held-for-sale to loans held-for investment during the three and six months ended June 30, 2022 and 2021. The following table presents a summary of purchases of loans held-for-investment for the periods indicated: Three Months Ended June 30, Six Months Ended June 30, ($ in thousands) 2022 2021 2022 2021 Real estate loans: Residential property $ — $ 636 $ — $ 636 Total $ — $ 636 $ — $ 636 Loans Held-For-Sale The following table presents a composition of loans held-for-sale as of the dates indicated: ($ in thousands) June 30, 2022 December 31, 2021 Real estate loans: SBA property $ 8,040 $ 33,603 Commercial and industrial loans: SBA commercial term 1,587 3,423 Total $ 9,627 $ 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	6 Months Ended
	Jun. 30, 2022
Transfers and Servicing [Abstract]
Servicing Assets	Servicing Assets At June 30, 2022 and December 31, 2021, total servicing assets were $7.7 million and $7.3 million, respectively. The Company sells SBA loans and certain residential property loans with servicing retained. The Company sold loans of $38.4 million and $34.1 million, respectively, with the servicing rights retained and recognized a net gain on sale of $2.0 million and $4.0 million, respectively, during the three months ended June 30, 2022 and 2021. During the six months ended June 30, 2022 and 2021, the Company sold loans of $78.1 million and $45.0 million, respectively, with the servicing rights retained and recognized a net gain on sale of $5.8 million and $5.1 million, respectively. Loan servicing income was $755 thousand and $545 thousand for the three months ended June 30, 2022 and 2021. For the six months ended June 30, 2022 and 2021, loan servicing income was $1.5 million and $1.4 million, respectively. The following table presents the composition of servicing assets with key assumptions used to estimate the fair value as of the dates indicated: June 30, 2022 December 31, 2021 ($ in thousands) Residential Property SBA Property SBA Commercial Term Residential Property SBA Property SBA Commercial Term Carrying amount $ 72 $ 7,193 $ 451 $ 86 $ 6,701 $ 482 Fair value $ 114 $ 10,056 $ 601 $ 126 $ 11,196 $ 734 Discount rate 4.89 % 8.31 % 10.64 % 6.33 % 8.75 % 9.64 % Prepayment speed 23.20 % 14.28 % 19.00 % 24.40 % 9.80 % 12.77 % Weighted average remaining life 21.3 years 21.5 years 6.5 years 21.9 years 21.4 years 6.2 years Underlying loans being serviced $ 14,593 $ 467,466 $ 55,931 $ 17,443 $ 442,424 $ 59,839 The following tables present activity in servicing assets for the periods indicated: Three Months Ended June 30, 2022 2021 ($ in thousands) Residential Property SBA Property SBA Commercial Term Residential Property SBA Property SBA Commercial Term Balance at beginning of period $ 76 $ 6,984 $ 473 $ 105 $ 5,519 $ 629 Additions — 669 44 — 774 34 Amortization (4) (460) (66) (9) (493) (77) Balance at end of period $ 72 $ 7,193 $ 451 $ 96 $ 5,800 $ 586 Six Months Ended June 30, 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 — 1,414 94 — 981 71 Amortization (14) (922) (125) (13) (823) (134) Balance at end of period $ 72 $ 7,193 $ 451 $ 96 $ 5,800 $ 586

Other Real Estate Owned

Other Real Estate Owned	6 Months Ended
	Jun. 30, 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 June 30, Six Months Ended June 30, ($ in thousands) 2022 2021 2022 2021 Balance at beginning of period $ — $ 2,336 $ — $ 1,401 Additions 808 — 808 1,960 Sales — (2,336) — (3,361) Net change in valuation allowance — — — — Balance at end of period $ 808 $ — $ 808 $ — The following table presents activity in OREO valuation allowance for the periods indicated: Three Months Ended June 30, Six Months Ended June 30, ($ in thousands) 2022 2021 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 June 30, Six Months Ended June 30, ($ in thousands) 2022 2021 2022 2021 Net loss (gain) on sales $ — $ 2 $ — $ (73) Operating expenses, net of rental income 3 18 3 81 Total $ 3 $ 20 $ 3 $ 8 The Company did not provide loans to finance the sale of its OREO property during the three and six months ended June 30, 2021.

Operating Leases

Operating Leases	6 Months Ended
	Jun. 30, 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 June 30, Six Months Ended June 30, ($ in thousands) 2022 2021 2022 2021 Operating lease cost (1) $ 659 $ 651 $ 1,324 $ 1,302 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 708 $ 698 $ 1,427 $ 1,397 Right of use assets obtained in exchange for lease obligations $ 629 $ 31 $ 964 $ 136 (1) Included in Occupancy and Equipment on the Consolidated Statements of Income (Unaudited). 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) June 30, 2022 December 31, 2021 Operating leases: Operating lease assets $ 6,512 $ 6,786 Operating lease liabilities $ 7,067 $ 7,444 Weighted-average remaining lease term 3.9 years 4.0 years Weighted-average discount rate 2.40 % 2.36 % The following table presents maturities of operating lease liabilities as of the date indicated: ($ in thousands) June 30, 2022 Maturities: 2022 $ 1,485 2023 2,492 2024 1,059 2025 965 2026 701 After 2026 786 Total lease payment 7,488 Imputed Interest (421) Present value of operating lease liabilities $ 7,067

Federal Home Loan Bank Advances

Federal Home Loan Bank Advances and Other Borrowings	6 Months Ended
	Jun. 30, 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 no outstanding FHLB advance of June 30, 2022. At December 31, 2021, the Company had a fixed interest rate FHLB advance of $10.0 million with a maturity date of June 29, 2022 (original maturity term of five years) and an interest rate of 2.07%. The borrowing was payable at its maturity date. Borrowings paid early are subject to a prepayment penalty. At June 30, 2022 and December 31, 2021, loans pledged to secure borrowings from the FHLB were $967.0 million and $982.7 million, respectively. The Company’s investment in capital stock of the FHLB of San Francisco totaled $10.0 million and $8.4 million at June 30, 2022 and December 31, 2021, respectively. The Company had additional borrowing capacity of $549.9 million and $516.2 million from the FHLB as of June 30, 2022 and December 31, 2021, respectively. Other Borrowing Arrangements At June 30, 2022, the Company had $22.0 million of unused borrowing capacity from the Federal Reserve Discount Window, to which the Company pledged loans with a carrying value of $29.1 million with no outstanding borrowings. In addition, the Company may borrow up to approximately $65.0 million overnight federal funds lines with correspondent financial institutions at June 30, 2022.

Shareholders_ Equity

Shareholders’ Equity	6 Months Ended
	Jun. 30, 2022
Equity [Abstract]
Shareholders’ Equity	Shareholders’ Equity Series C, Senior Non-Cumulative Perpetual Preferred Stock On May 24, 2022, the Company issued 69,141 shares of Senior Non-Cumulative Perpetual Preferred Stock, Series C, liquidation preference of $1,000 per share (“Series C Preferred Stock”) for the capital investment of $69.1 million from the U.S. Treasury under the Emergency Capital Investment Program (“ECIP”). ECIP investment is treated as tier 1 capital for the regulatory capital treatment. The Series C Preferred Stock bears no dividend for the first 24 months following the investment date. Thereafter, the dividend rate will be adjusted based on the lending growth criteria listed in the terms of the ECIP investment with the annual dividend rate up to 2%. After the tenth anniversary of the investment date, the dividend rate will be fixed based on average annual amount of lending in years 2 through 10. Dividends will be payable quarterly in arrears on March 15, June 15, September 15, and December 15. The Series C Preferred Stock may be redeemed at the option of the Company on or after the fifth anniversary of issuance (or earlier in the event of loss of regulatory capital treatment), subject to the approval of the appropriate federal banking regulator and in accordance with the federal banking agencies’ regulatory capital regulations. 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	6 Months Ended
	Jun. 30, 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 1,114,446 shares of common stock for equity based compensation awards including incentive and non-qualified stock options and restricted stock awards. As of June 30, 2022, there were 414,370 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 June 30, Six Months Ended June 30, ($ in thousands) 2022 2021 2022 2021 Share-based compensation expense related to: Stock options $ 43 $ 50 $ 90 $ 78 Restricted stock awards 99 67 193 6,129 Total share-based compensation expense $ 142 $ 117 $ 283 $ 207 Related tax benefits $ 31 $ 21 $ 60 $ 41 The following table presents unrecognized share-based compensation expense as of the date indicated: June 30, 2022 ($ in thousands) Unrecognized Expense Weighted-Average Remaining Expected Recognition Period Unrecognized share-based compensation expense related to: Stock options $ 401 3.3 years Restricted stock awards 901 3.1 years Total unrecognized share-based compensation expense $ 1,302 3.2 years Stock Options The following tables represent stock option activity for the periods indicated: Three Months Ended June 30, 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 608,734 $ 12.24 4.7 years $ 6,519 Exercised (12,097) $ 7.07 1.6 years Forfeited (1,000) $ 15.50 5.5 years Outstanding at end of period 595,637 $ 12.34 4.5 years $ 3,776 Exercisable at end of period 481,637 $ 10.85 3.6 years $ 3,770 Six Months Ended June 30, 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 4.54 years $ 6,641 Granted 30,000 $ 22.61 10.00 years Exercised (66,135) $ 8.57 2.43 years Forfeited (1,000) $ 15.50 5.53 years Outstanding at end of period 595,637 $ 12.34 4.50 years $ 3,776 Exercisable at end of period 481,637 $ 10.85 3.58 years $ 3,770 The following table represents information regarding unvested stock options for the periods indicated: Three Months Ended June 30, 2022 Six Months Ended June 30, 2022 Number of Shares Weighted-Average Exercise Price Per Share Number of Shares Weighted-Average Exercise Price Per Share Outstanding at beginning of period 122,000 $ 18.40 107,099 $ 16.70 Granted — $ — 30,000 $ 22.61 Vested (7,000) $ 15.19 (22,099) $ 14.84 Forfeited (1,000) $ 15.50 (1,000) $ 15.50 Outstanding at end of period 114,000 $ 18.63 114,000 $ 18.63 Restricted Stock Awards The following table represents RSAs activity for the periods indicated: Three Months Ended June 30, 2022 Six Months Ended June 30, 2022 Number of Shares Weighted-Average Grant Date Fair Value Per Share Number of Shares Weighted-Average Grant Date Fair Value Per Share Outstanding at beginning of period 68,822 $ 16.51 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 68,822 $ 16.51

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income tax expense was $3.8 million and $4.1 million, respectively, and the effective tax rate was 29.3% and 29.4%, respectively, for the three months ended June 30, 2022 and 2021. For the six months ended June 30, 2022 and 2021, income tax expense was $7.9 million and $7.7 million, respectively, and the effective tax rate was 29.1% and 29.5%, respectively. At June 30, 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 June 30, 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	6 Months Ended
	Jun. 30, 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 June 30, Six Months Ended June 30, ($ in thousands, except per share) 2022 2021 2022 2021 Basic earnings per share: Net income $ 9,092 $ 9,844 $ 19,332 $ 18,404 Less: income allocated to unvested restricted stock (42) (41) (90) (73) Net income allocated to common stock $ 9,050 $ 9,803 $ 19,242 $ 18,331 Weighted-average total common shares outstanding 14,952,590 15,178,445 14,935,686 15,310,052 Less: weighted-average unvested restricted stock (68,822) (62,884) (69,696) (60,842) Weighted-average common shares outstanding, basic 14,883,768 15,115,561 14,865,990 15,249,210 Basic earnings per share $ 0.61 $ 0.65 $ 1.29 $ 1.20 Diluted earnings per share: Net income allocated to common stock $ 9,050 $ 9,803 $ 19,242 $ 18,331 Weighted-average common shares outstanding, basic 14,883,768 15,115,561 14,865,990 15,249,210 Diluted effect of stock options 238,684 194,312 272,503 176,098 Weighted-average common shares outstanding, diluted 15,122,452 15,309,873 15,138,493 15,425,308 Diluted earnings per share $ 0.60 $ 0.64 $ 1.27 $ 1.19 There were 65,000 and 85,000 stock options excluded in computing diluted EPS because they were anti-dilutive for three months ended June 30, 2022 and 2021, respectively. For the six months ended June 30, 2022 and 2021, there were 65,000 and 163,000 stock options excluded in computing diluted EPS because they were anti-dilutive.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 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: June 30, 2022 December 31, 2021 ($ in thousands) Fixed Rate Variable Rate Fixed Rate Variable Rate Unused lines of credit $ 16,940 $ 201,910 $ 8,261 $ 160,739 Unfunded loan commitments 1,086 39,500 595 29,688 Standby letters of credit 2,921 1,701 3,078 1,431 Commercial letters of credit — 362 91 524 Total $ 20,947 $ 243,473 $ 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 $252 thousand and $214 thousand, respectively, at June 30, 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 and six months ended June 30, 2022.

Regulatory Matters

Regulatory Matters	6 Months Ended
	Jun. 30, 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 June 30, 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 $3 billion asset level, it will again be subject to capital measurements independent of the Bank. For comparison purposes, the Company’s ratios are included in the following discussion as well, all of which would have exceeded the “well-capitalized” level had the Company been subject to separate capital minimums. The Company and the Bank’s capital conservation buffer was 11.25% and 10.92%, respectively, as of June 30, 2022, and 8.04% and 7.73%, respectively, as of December 31, 2021. Unrealized gain or loss on securities available-for-sale is not included in computing regulatory capital. The following table presents the regulatory capital amounts and ratios for the Company and the Bank as of dates indicated: Actual Minimum Capital Requirement To Be Well Capitalized Under Prompt Corrective Provisions ($ in thousands) Amount Ratio Amount Ratio Amount Ratio June 30, 2022 PCB Bancorp Common tier 1 capital (to risk-weighted assets) $ 271,383 14.44 % $ 84,595 4.5 % N/A N/A Total capital (to risk-weighted assets) 361,846 19.25 % 150,390 8.0 % N/A N/A Tier 1 capital (to risk-weighted assets) 340,524 18.11 % 112,793 6.0 % N/A N/A Tier 1 capital (to average assets) 340,524 15.37 % 88,619 4.0 % N/A N/A Pacific City Bank Common tier 1 capital (to risk-weighted assets) $ 334,347 17.79 % $ 84,591 4.5 % $ 122,187 6.5 % Total capital (to risk-weighted assets) 355,670 18.92 % 150,384 8.0 % 187,980 10.0 % Tier 1 capital (to risk-weighted assets) 334,347 17.79 % 112,788 6.0 % 150,384 8.0 % Tier 1 capital (to average assets) 334,347 15.09 % 88,617 4.0 % 110,771 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 % 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.

Revenue Recognition

Revenue Recognition	6 Months Ended
	Jun. 30, 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 June 30, Six Months Ended June 30, ($ in thousands) 2022 2021 2022 2021 Noninterest income in-scope of Topic 606 Service charges and fees on deposits: Monthly service fees $ 22 $ 19 $ 43 $ 39 Account analysis fees 232 219 447 429 Non-sufficient funds charges 57 46 104 95 Other deposit related fees 19 18 39 32 Total service charges and fees on deposits 330 302 633 595 Debit card fees 85 77 169 136 Gain (loss) on sale of other real estate owned — (1) — 74 Wire transfer fees 166 141 325 276 Other service charges 47 48 92 100 Total $ 628 $ 567 $ 1,219 $ 1,181

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2022
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Dividend Declared on Common Stock. On July 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 August 19, 2022, to shareholders of record as of the close of business on August 12, 2022. Stock Repurchase Plan. On July 28, 2022, the Company’s Board of Directors approved a repurchase program authorizing for the repurchase of up to 5% of the Company’s outstanding common stock as of the date of the board meeting. The Bank Name Change and New Logo. On July 28, 2022, the Company announced that the Bank will changes its name to PCB Bank, effective August 25, 2022. In addition, the Company introduced a new logo, which will also be utilized by the Bank after its name change. The Company has evaluated the effects of events that have occurred subsequent to June 30, 2022 through the issuance date of these consolidated financial statements (unaudited). Other than the events described above, there have been no material events that would require disclosure in the consolidated financial statements or in the notes to the consolidated financial statements.

Basis of Presentation and Sig_2

Basis of Presentation and Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 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 and six months ended June 30, 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 June 30, 2022 and December 31, 2021, and for the three and six months ended June 30, 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 June 30, 2022 and December 31, 2021, the Company had SBA PPP loans of $1.6 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 June 30, 2022 and December 31, 2021.
Adopted Accounting Pronouncements and Recent Accounting Pronouncements Not Yet Adopted	Adopted Accounting Pronouncements During the six months ended June 30, 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, ” while enhancing disclosure requirements for restructurings involving borrowers that are experiencing financial difficulty. This Update also requires public business entities to disclose current-period gross write-offs by year of origination for financing receivables and net investments in leases. The Company will adopt this ASU at January
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)	6 Months Ended
	Jun. 30, 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 June 30, 2022 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ — $ 93,510 $ — $ 93,510 Residential collateralized mortgage obligations — 24,680 — 24,680 SBA loan pool securities — 10,792 — 10,792 Municipal bonds — 5,272 — 5,272 Corporate bonds — 4,813 — 4,813 Total securities available-for-sale — 139,067 — 139,067 Total assets measured at fair value on a recurring basis $ — $ 139,067 $ — $ 139,067 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 June 30, 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 June 30, Six Months Ended June 30, ($ in thousands) 2022 2021 2022 2021 Collateral dependent impaired loans: SBA property $ — $ 15 $ — $ (2) Commercial lines of credit — — — 136 SBA commercial term — — — (5) Other real estate owned — (1) — 74 Net gains (losses) recognized $ — $ 14 $ — $ 203
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 June 30, 2022 Financial assets: Interest-bearing deposits in other financial institutions $ 276,785 $ 276,785 $ 276,785 $ — $ — Securities available-for-sale 139,067 139,067 — 139,067 — Loans held-for-sale 9,627 10,275 — 10,275 — Net loans held-for-investment 1,811,830 1,790,987 — — 1,790,987 Federal Home Loan Bank (“FHLB”) and other restricted stock 10,183 N/A N/A N/A N/A Accrued interest receivable 5,212 5,212 13 400 4,799 Financial liabilities: Deposits $ 1,997,607 $ 1,993,792 $ — $ — $ 1,993,792 Accrued interest payable 602 602 — — 602 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)	6 Months Ended
	Jun. 30, 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 June 30, 2022 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ 101,619 $ 9 $ (8,118) $ 93,510 Residential collateralized mortgage obligations 25,705 9 (1,034) 24,680 SBA loan pool securities 11,007 51 (266) 10,792 Municipal bonds 5,307 7 (42) 5,272 Corporate bonds 5,000 — (187) 4,813 Total securities available-for-sale $ 148,638 $ 76 $ (9,647) $ 139,067 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. June 30, 2022 ($ in thousands) Amortized Cost Fair Value Within one year $ 300 $ 300 One to five years 1,839 1,842 Five to ten years 5,822 5,634 Greater than ten years 2,346 2,309 Residential mortgage-backed securities, residential collateralized mortgage obligations and SBA loan pool securities 138,331 128,982 Total $ 148,638 $ 139,067
Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value	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 June 30, 2022 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ 68,576 $ (4,963) 95 $ 21,103 $ (3,155) 15 $ 89,679 $ (8,118) 110 Residential collateralized mortgage obligations 18,553 (1,034) 37 — — — 18,553 (1,034) 37 SBA loan pool securities 4,923 (265) 10 84 (1) 1 5,007 (266) 11 Municipal bonds 2,851 (42) 8 — — — 2,851 (42) 8 Corporate bonds 4,813 (187) 1 — — — 4,813 (187) 1 Total securities available-for-sale $ 99,716 $ (6,491) 151 $ 21,187 $ (3,156) 16 $ 120,903 $ (9,647) 167 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)	6 Months Ended
	Jun. 30, 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) June 30, 2022 December 31, 2021 Real estate loans: Commercial property $ 1,204,142 $ 1,105,843 Residential property 258,259 209,485 SBA property 131,420 129,661 Construction 12,595 8,252 Total real estate loans 1,606,416 1,453,241 Commercial and industrial loans: Commercial term 73,885 73,438 Commercial lines of credit 111,916 100,936 SBA commercial term 16,985 17,640 SBA PPP 1,583 65,329 Total commercial and industrial loans 204,369 257,343 Other consumer loans 22,225 21,621 Loans held-for-investment 1,833,010 1,732,205 Allowance for loan losses (21,071) (22,381) Net loans held-for-investment $ 1,811,939 $ 1,709,824
Allowance for Loan Losses	The following tables present 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 April 1, 2022 $ 16,602 $ 4,356 $ 240 $ 21,198 Charge-offs — (17) (30) (47) Recoveries on loans previously charged off — 18 11 29 Reversal for loan losses (11) (82) (16) (109) Balance at June 30, 2022 $ 16,591 $ 4,275 $ 205 $ 21,071 Balance at April 1, 2021 $ 18,693 $ 6,468 $ 353 $ 25,514 Charge-offs — (11) (22) (33) Recoveries on loans previously charged off 17 310 15 342 Provision (reversal) for loan losses (38) (901) 5 (934) Balance at June 30, 2021 $ 18,672 $ 5,866 $ 351 $ 24,889 ($ in thousands) Real Estate Commercial and Industrial Other Consumer Total Balance at January 1, 2022 $ 16,797 $ 5,310 $ 274 $ 22,381 Charge-offs — (17) (42) (59) Recoveries on loans previously charged off — 23 26 49 Reversal for loan losses (206) (1,041) (53) (1,300) Balance at June 30, 2022 $ 16,591 $ 4,275 $ 205 $ 21,071 Balance at January 1, 2021 $ 18,894 $ 7,222 $ 394 $ 26,510 Charge-offs (18) (16) (44) (78) Recoveries on loans previously charged off 47 459 32 538 Reversal for loan losses (251) (1,799) (31) (2,081) Balance at June 30, 2021 $ 18,672 $ 5,866 $ 351 $ 24,889 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 June 30, 2022 Allowance for loan losses: Individually evaluated for impairment $ — $ — $ — $ — Collectively evaluated for impairment 16,591 4,275 205 21,071 Total $ 16,591 $ 4,275 $ 205 $ 21,071 Loans receivable: Individually evaluated for impairment $ 1,564 $ 190 $ — $ 1,754 Collectively evaluated for impairment 1,604,852 204,179 22,225 1,831,256 Total $ 1,606,416 $ 204,369 $ 22,225 $ 1,833,010 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 June 30, 2022 Real estate loans: Commercial property $ 1,200,147 $ 3,304 $ 691 $ — $ 1,204,142 Residential property 257,808 — 451 — 258,259 SBA property 129,640 249 1,531 — 131,420 Construction 12,595 — — — 12,595 Commercial and industrial loans: Commercial term 71,377 1,462 1,046 — 73,885 Commercial lines of credit 110,815 1,101 — — 111,916 SBA commercial term 16,551 197 237 — 16,985 SBA PPP 1,583 — — — 1,583 Other consumer loans 22,201 — 24 — 22,225 Total $ 1,822,717 $ 6,313 $ 3,980 $ — $ 1,833,010 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 June 30, 2022 Real estate loans: Residential property $ 372 $ — $ — $ 450 $ 822 SBA property 191 — — 564 755 Commercial and industrial loans: SBA commercial term — — — 185 185 Other consumer loans 119 — — 24 143 Total $ 682 $ — $ — $ 1,223 $ 1,905 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 June 30, 2022 Real estate loans: Commercial property $ 322 $ 321 $ — $ — $ — Residential property 450 451 — — — SBA property 792 831 — — — Commercial and industrial loans: SBA commercial term 190 196 — — — Total $ 1,754 $ 1,799 $ — $ — $ — 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 tables present information on the recorded investment in impaired loans by portfolio segment for the periods indicated: Three Months Ended June 30, 2022 2021 ($ in thousands) Average Recorded Investment Interest Income Average Recorded Investment Interest Income Real estate loans: Commercial property $ 323 $ 6 $ 330 $ 5 Residential property 456 — — — SBA property 880 3 1,048 3 Commercial and industrial loans: Commercial term — — 13 — SBA commercial term 197 — 616 1 Total $ 1,856 $ 9 $ 2,007 $ 9 Six Months Ended June 30, 2022 2021 ($ in thousands) Average Recorded Investment Interest Income Average Recorded Investment Interest Income Real estate loans: Commercial property $ 324 $ 11 $ 331 $ 11 Residential property 458 — — — SBA property 931 6 1,196 10 Commercial and industrial loans: Commercial term — — 14 — SBA commercial term 204 — 452 1 Total $ 1,917 $ 17 $ 1,993 $ 22 The following presents a summary of interest foregone on impaired loans for the periods indicated: Three Months Ended June 30, Six Months Ended June 30, ($ in thousands) 2022 2021 2022 2021 Interest income that would have been recognized had impaired loans performed in accordance with their original terms $ 24 $ 27 $ 50 $ 55 Less: interest income recognized on impaired loans on a cash basis (9) (9) (17) (22) Interest income foregone on impaired loans $ 15 $ 18 $ 33 $ 33
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: June 30, 2022 December 31, 2021 ($ in thousands) Accruing Nonaccrual Total Accruing Nonaccrual Total Real estate loans: Commercial property $ 321 $ — $ 321 $ 326 $ — $ 326 SBA property 229 10 239 242 17 259 Commercial and industrial loans: Commercial term — — — 2 — 2 SBA commercial term 5 — 5 6 — 6 Total $ 555 $ 10 $ 565 $ 576 $ 17 $ 593
Loans Held-for-Sale	The following table presents a summary of loans held-for-investment transferred to loans held-for-sale for the periods indicated: Three Months Ended June 30, Six Months Ended June 30, ($ in thousands) 2022 2021 2022 2021 Real estate loans: Commercial property $ — $ 1,710 $ — $ 1,710 Residential property — 189 — 189 Total $ — $ 1,899 $ — $ 1,899 The following table presents a summary of purchases of loans held-for-investment for the periods indicated: Three Months Ended June 30, Six Months Ended June 30, ($ in thousands) 2022 2021 2022 2021 Real estate loans: Residential property $ — $ 636 $ — $ 636 Total $ — $ 636 $ — $ 636 The following table presents a composition of loans held-for-sale as of the dates indicated: ($ in thousands) June 30, 2022 December 31, 2021 Real estate loans: SBA property $ 8,040 $ 33,603 Commercial and industrial loans: SBA commercial term 1,587 3,423 Total $ 9,627 $ 37,026

Servicing Assets (Tables)

Servicing Assets (Tables)	6 Months Ended
	Jun. 30, 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: June 30, 2022 December 31, 2021 ($ in thousands) Residential Property SBA Property SBA Commercial Term Residential Property SBA Property SBA Commercial Term Carrying amount $ 72 $ 7,193 $ 451 $ 86 $ 6,701 $ 482 Fair value $ 114 $ 10,056 $ 601 $ 126 $ 11,196 $ 734 Discount rate 4.89 % 8.31 % 10.64 % 6.33 % 8.75 % 9.64 % Prepayment speed 23.20 % 14.28 % 19.00 % 24.40 % 9.80 % 12.77 % Weighted average remaining life 21.3 years 21.5 years 6.5 years 21.9 years 21.4 years 6.2 years Underlying loans being serviced $ 14,593 $ 467,466 $ 55,931 $ 17,443 $ 442,424 $ 59,839
Schedule of Servicing Asset	The following tables present activity in servicing assets for the periods indicated: Three Months Ended June 30, 2022 2021 ($ in thousands) Residential Property SBA Property SBA Commercial Term Residential Property SBA Property SBA Commercial Term Balance at beginning of period $ 76 $ 6,984 $ 473 $ 105 $ 5,519 $ 629 Additions — 669 44 — 774 34 Amortization (4) (460) (66) (9) (493) (77) Balance at end of period $ 72 $ 7,193 $ 451 $ 96 $ 5,800 $ 586 Six Months Ended June 30, 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 — 1,414 94 — 981 71 Amortization (14) (922) (125) (13) (823) (134) Balance at end of period $ 72 $ 7,193 $ 451 $ 96 $ 5,800 $ 586

Other Real Estate Owned (Tables

Other Real Estate Owned (Tables)	6 Months Ended
	Jun. 30, 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 June 30, Six Months Ended June 30, ($ in thousands) 2022 2021 2022 2021 Balance at beginning of period $ — $ 2,336 $ — $ 1,401 Additions 808 — 808 1,960 Sales — (2,336) — (3,361) Net change in valuation allowance — — — — Balance at end of period $ 808 $ — $ 808 $ —
Real Estate Owned, Valuation Allowance	The following table presents activity in OREO valuation allowance for the periods indicated: Three Months Ended June 30, Six Months Ended June 30, ($ in thousands) 2022 2021 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 June 30, Six Months Ended June 30, ($ in thousands) 2022 2021 2022 2021 Net loss (gain) on sales $ — $ 2 $ — $ (73) Operating expenses, net of rental income 3 18 3 81 Total $ 3 $ 20 $ 3 $ 8

Operating Leases (Tables)

Operating Leases (Tables)	6 Months Ended
	Jun. 30, 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 June 30, Six Months Ended June 30, ($ in thousands) 2022 2021 2022 2021 Operating lease cost (1) $ 659 $ 651 $ 1,324 $ 1,302 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 708 $ 698 $ 1,427 $ 1,397 Right of use assets obtained in exchange for lease obligations $ 629 $ 31 $ 964 $ 136 (1) Included in Occupancy and Equipment on the Consolidated Statements of Income (Unaudited). ($ in thousands) June 30, 2022 December 31, 2021 Operating leases: Operating lease assets $ 6,512 $ 6,786 Operating lease liabilities $ 7,067 $ 7,444 Weighted-average remaining lease term 3.9 years 4.0 years Weighted-average discount rate 2.40 % 2.36 %
Maturities of Operating Lease Liabilities	The following table presents maturities of operating lease liabilities as of the date indicated: ($ in thousands) June 30, 2022 Maturities: 2022 $ 1,485 2023 2,492 2024 1,059 2025 965 2026 701 After 2026 786 Total lease payment 7,488 Imputed Interest (421) Present value of operating lease liabilities $ 7,067

Share-Based Compensation (Table

Share-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 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 June 30, Six Months Ended June 30, ($ in thousands) 2022 2021 2022 2021 Share-based compensation expense related to: Stock options $ 43 $ 50 $ 90 $ 78 Restricted stock awards 99 67 193 6,129 Total share-based compensation expense $ 142 $ 117 $ 283 $ 207 Related tax benefits $ 31 $ 21 $ 60 $ 41 The following table presents unrecognized share-based compensation expense as of the date indicated: June 30, 2022 ($ in thousands) Unrecognized Expense Weighted-Average Remaining Expected Recognition Period Unrecognized share-based compensation expense related to: Stock options $ 401 3.3 years Restricted stock awards 901 3.1 years Total unrecognized share-based compensation expense $ 1,302 3.2 years
Share-based compensation, Stock Options	The following tables represent stock option activity for the periods indicated: Three Months Ended June 30, 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 608,734 $ 12.24 4.7 years $ 6,519 Exercised (12,097) $ 7.07 1.6 years Forfeited (1,000) $ 15.50 5.5 years Outstanding at end of period 595,637 $ 12.34 4.5 years $ 3,776 Exercisable at end of period 481,637 $ 10.85 3.6 years $ 3,770 Six Months Ended June 30, 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 4.54 years $ 6,641 Granted 30,000 $ 22.61 10.00 years Exercised (66,135) $ 8.57 2.43 years Forfeited (1,000) $ 15.50 5.53 years Outstanding at end of period 595,637 $ 12.34 4.50 years $ 3,776 Exercisable at end of period 481,637 $ 10.85 3.58 years $ 3,770 The following table represents information regarding unvested stock options for the periods indicated: Three Months Ended June 30, 2022 Six Months Ended June 30, 2022 Number of Shares Weighted-Average Exercise Price Per Share Number of Shares Weighted-Average Exercise Price Per Share Outstanding at beginning of period 122,000 $ 18.40 107,099 $ 16.70 Granted — $ — 30,000 $ 22.61 Vested (7,000) $ 15.19 (22,099) $ 14.84 Forfeited (1,000) $ 15.50 (1,000) $ 15.50 Outstanding at end of period 114,000 $ 18.63 114,000 $ 18.63
Summary of Nonvested Restricted Stock Awards	The following table represents RSAs activity for the periods indicated: Three Months Ended June 30, 2022 Six Months Ended June 30, 2022 Number of Shares Weighted-Average Grant Date Fair Value Per Share Number of Shares Weighted-Average Grant Date Fair Value Per Share Outstanding at beginning of period 68,822 $ 16.51 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 68,822 $ 16.51

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 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 June 30, Six Months Ended June 30, ($ in thousands, except per share) 2022 2021 2022 2021 Basic earnings per share: Net income $ 9,092 $ 9,844 $ 19,332 $ 18,404 Less: income allocated to unvested restricted stock (42) (41) (90) (73) Net income allocated to common stock $ 9,050 $ 9,803 $ 19,242 $ 18,331 Weighted-average total common shares outstanding 14,952,590 15,178,445 14,935,686 15,310,052 Less: weighted-average unvested restricted stock (68,822) (62,884) (69,696) (60,842) Weighted-average common shares outstanding, basic 14,883,768 15,115,561 14,865,990 15,249,210 Basic earnings per share $ 0.61 $ 0.65 $ 1.29 $ 1.20 Diluted earnings per share: Net income allocated to common stock $ 9,050 $ 9,803 $ 19,242 $ 18,331 Weighted-average common shares outstanding, basic 14,883,768 15,115,561 14,865,990 15,249,210 Diluted effect of stock options 238,684 194,312 272,503 176,098 Weighted-average common shares outstanding, diluted 15,122,452 15,309,873 15,138,493 15,425,308 Diluted earnings per share $ 0.60 $ 0.64 $ 1.27 $ 1.19

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 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: June 30, 2022 December 31, 2021 ($ in thousands) Fixed Rate Variable Rate Fixed Rate Variable Rate Unused lines of credit $ 16,940 $ 201,910 $ 8,261 $ 160,739 Unfunded loan commitments 1,086 39,500 595 29,688 Standby letters of credit 2,921 1,701 3,078 1,431 Commercial letters of credit — 362 91 524 Total $ 20,947 $ 243,473 $ 12,025 $ 192,382

Regulatory Matters (Tables)

Regulatory Matters (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 2022 PCB Bancorp Common tier 1 capital (to risk-weighted assets) $ 271,383 14.44 % $ 84,595 4.5 % N/A N/A Total capital (to risk-weighted assets) 361,846 19.25 % 150,390 8.0 % N/A N/A Tier 1 capital (to risk-weighted assets) 340,524 18.11 % 112,793 6.0 % N/A N/A Tier 1 capital (to average assets) 340,524 15.37 % 88,619 4.0 % N/A N/A Pacific City Bank Common tier 1 capital (to risk-weighted assets) $ 334,347 17.79 % $ 84,591 4.5 % $ 122,187 6.5 % Total capital (to risk-weighted assets) 355,670 18.92 % 150,384 8.0 % 187,980 10.0 % Tier 1 capital (to risk-weighted assets) 334,347 17.79 % 112,788 6.0 % 150,384 8.0 % Tier 1 capital (to average assets) 334,347 15.09 % 88,617 4.0 % 110,771 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)	6 Months Ended
	Jun. 30, 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 June 30, Six Months Ended June 30, ($ in thousands) 2022 2021 2022 2021 Noninterest income in-scope of Topic 606 Service charges and fees on deposits: Monthly service fees $ 22 $ 19 $ 43 $ 39 Account analysis fees 232 219 447 429 Non-sufficient funds charges 57 46 104 95 Other deposit related fees 19 18 39 32 Total service charges and fees on deposits 330 302 633 595 Debit card fees 85 77 169 136 Gain (loss) on sale of other real estate owned — (1) — 74 Wire transfer fees 166 141 325 276 Other service charges 47 48 92 100 Total $ 628 $ 567 $ 1,219 $ 1,181

Basis of Presentation and Sig_3

Basis of Presentation and Significant Accounting Policies (Details)	6 Months Ended	12 Months Ended
	Jun. 30, 2022 USD ($) branch	Dec. 31, 2021 USD ($)	Dec. 31, 2020
Product Information [Line Items]
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) | $	$ 1,833,010,000	$ 1,732,205,000
SBA PPP
Product Information [Line Items]
Loans held-for-investment, net of deferred loan costs (fees) | $	1,600,000	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
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	Jun. 30, 2022	Dec. 31, 2021
Securities available-for-sale:
Securities available-for-sale, at fair value	$ 139,067	$ 123,198
Residential mortgage-backed securities
Securities available-for-sale:
Securities available-for-sale, at fair value	93,510	84,713
Residential collateralized mortgage obligations
Securities available-for-sale:
Securities available-for-sale, at fair value	24,680	19,056
SBA loan pool securities
Securities available-for-sale:
Securities available-for-sale, at fair value	10,792	8,672
Municipal bonds
Securities available-for-sale:
Securities available-for-sale, at fair value	5,272	5,686
Corporate bonds
Securities available-for-sale:
Securities available-for-sale, at fair value	4,813	5,071
Recurring
Securities available-for-sale:
Securities available-for-sale, at fair value	139,067	123,198
Total assets measured at fair value	139,067	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	93,510	84,713
Recurring | Residential collateralized mortgage obligations
Securities available-for-sale:
Securities available-for-sale, at fair value	24,680	19,056
Recurring | SBA loan pool securities
Securities available-for-sale:
Securities available-for-sale, at fair value	10,792	8,672
Recurring | Municipal bonds
Securities available-for-sale:
Securities available-for-sale, at fair value	5,272	5,686
Recurring | Corporate bonds
Securities available-for-sale:
Securities available-for-sale, at fair value	4,813	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	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	139,067	123,198
Total assets measured at fair value	139,067	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	93,510	84,713
Significant Other Observable Inputs (Level 2) | Recurring | Residential collateralized mortgage obligations
Securities available-for-sale:
Securities available-for-sale, at fair value	24,680	19,056
Significant Other Observable Inputs (Level 2) | Recurring | SBA loan pool securities
Securities available-for-sale:
Securities available-for-sale, at fair value	10,792	8,672
Significant Other Observable Inputs (Level 2) | Recurring | Municipal bonds
Securities available-for-sale:
Securities available-for-sale, at fair value	5,272	5,686
Significant Other Observable Inputs (Level 2) | Recurring | Corporate bonds
Securities available-for-sale:
Securities available-for-sale, at fair value	4,813	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	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	Jun. 30, 2022	Dec. 31, 2021
Impaired loans:
Total impaired loans		$ 17
Total assets measured at fair value	$ 0	17
Total liabilities measured at fair value on a non-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	0	0
Total liabilities measured at fair value on a non-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	0	0
Total liabilities measured at fair value on a non-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	0	17
Total liabilities measured at fair value on a non-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, 2021 USD ($)
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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net gains (losses) recognized	$ 0	$ 14	$ 0	$ 203
SBA property
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net gains (losses) recognized	0	15	0	(2)
Commercial lines of credit
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net gains (losses) recognized	0	0	0	136
SBA commercial term
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net gains (losses) recognized	0	0	0	(5)
Other real estate owned
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net gains (losses) recognized	$ 0	$ (1)	$ 0	$ 74

Fair Value Measurements - Fair

Fair Value Measurements - Fair Values of Financial Assets and Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Financial assets:
Securities available-for-sale	$ 139,067	$ 123,198
Carrying Value
Financial assets:
Interest-bearing deposits in other financial institutions	276,785	188,063
Securities available-for-sale	139,067	123,198
Loans held-for-sale	9,627	37,026
Net loans held-for-investment	1,811,830	1,709,824
Federal Home Loan Bank (“FHLB”) and other restricted stock	10,183	8,577
Accrued interest receivable	5,212	5,368
Financial liabilities:
Deposits	1,997,607	1,867,134
FHLB advances		10,000
Accrued interest payable	602	771
Fair Value
Financial assets:
Interest-bearing deposits in other financial institutions	276,785	188,063
Securities available-for-sale	139,067	123,198
Loans held-for-sale	10,275	41,079
Net loans held-for-investment	1,790,987	1,725,022
Accrued interest receivable	5,212	5,368
Financial liabilities:
Deposits	1,993,792	1,867,635
FHLB advances		10,087
Accrued interest payable	602	771
Fair Value | Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial assets:
Interest-bearing deposits in other financial institutions	276,785	188,063
Securities available-for-sale	0	0
Loans held-for-sale	0	0
Net loans held-for-investment	0	0
Accrued interest receivable	13	1
Financial liabilities:
Deposits	0	0
FHLB advances		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	139,067	123,198
Loans held-for-sale	10,275	41,079
Net loans held-for-investment	0	0
Accrued interest receivable	400	337
Financial liabilities:
Deposits	0	0
FHLB advances		10,087
Accrued interest payable	0	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	1,790,987	1,725,022
Accrued interest receivable	4,799	5,030
Financial liabilities:
Deposits	1,993,792	1,867,635
FHLB advances		0
Accrued interest payable	$ 602	$ 770

Investment Securities - Summary

Investment Securities - Summary of Debt and Equity Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Securities available-for-sale:
Amortized Cost	$ 148,638	$ 123,185
Gross Unrealized Gain	76	1,322
Gross Unrealized Loss	(9,647)	(1,309)
Fair Value	139,067	123,198
Asset Pledged as Collateral
Securities available-for-sale:
Fair Value	68,700	110,900
Residential mortgage-backed securities
Securities available-for-sale:
Amortized Cost	101,619	85,346
Gross Unrealized Gain	9	625
Gross Unrealized Loss	(8,118)	(1,258)
Fair Value	93,510	84,713
Residential collateralized mortgage obligations
Securities available-for-sale:
Amortized Cost	25,705	18,990
Gross Unrealized Gain	9	113
Gross Unrealized Loss	(1,034)	(47)
Fair Value	24,680	19,056
SBA loan pool securities
Securities available-for-sale:
Amortized Cost	11,007	8,520
Gross Unrealized Gain	51	156
Gross Unrealized Loss	(266)	(4)
Fair Value	10,792	8,672
Municipal bonds
Securities available-for-sale:
Amortized Cost	5,307	5,329
Gross Unrealized Gain	7	357
Gross Unrealized Loss	(42)	0
Fair Value	5,272	5,686
Corporate bonds
Securities available-for-sale:
Amortized Cost	5,000	5,000
Gross Unrealized Gain	0	71
Gross Unrealized Loss	(187)	0
Fair Value	$ 4,813	$ 5,071

Investment Securities - Summa_2

Investment Securities - Summary of Contractual Maturities (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Amortized Cost
Within one year	$ 300		$ 300
One to five years	1,839		1,839
Five to ten years	5,822		5,822
Greater than ten years	2,346		2,346
Residential mortgage-backed securities, residential collateralized mortgage obligations and SBA loan pool securities	138,331		138,331
Amortized Cost	148,638		148,638		$ 123,185
Fair Value
Within one year	300		300
One to five years	1,842		1,842
Five to ten years	5,634		5,634
Greater than ten years	2,309		2,309
Residential mortgage-backed securities, residential collateralized mortgage obligations and SBA loan pool securities	128,982		128,982
Fair Value	139,067		139,067		$ 123,198
Proceeds from sale of debt securities, available-for-sale	$ 0	$ 0	$ 0	$ 0

Investment Securities - Summa_3

Investment Securities - Summary of Individual Securities in Continuous Unrealized Loss Position (Details) $ in Thousands	Jun. 30, 2022 USD ($) security	Dec. 31, 2021 USD ($) security
Securities available-for-sale:
Less Than 12 Months, Fair Value	$ 99,716	$ 49,842
Less Than 12 Months, Gross Unrealized Losses	$ (6,491)	$ (978)
Less Than 12 Months, Number of Securities | security	151	36
12 months or Longer, Fair Value	$ 21,187	$ 9,041
12 months or Longer, Gross Unrealized Losses	$ (3,156)	$ (331)
12 months or Longer, Number of Securities | security	16	6
Total, Fair Value	$ 120,903	$ 58,883
Total, Gross Unrealized Losses	$ (9,647)	$ (1,309)
Total, Number of Securities | security	167	42
Residential mortgage-backed securities
Securities available-for-sale:
Less Than 12 Months, Fair Value	$ 68,576	$ 46,945
Less Than 12 Months, Gross Unrealized Losses	$ (4,963)	$ (931)
Less Than 12 Months, Number of Securities | security	95	32
12 months or Longer, Fair Value	$ 21,103	$ 8,885
12 months or Longer, Gross Unrealized Losses	$ (3,155)	$ (327)
12 months or Longer, Number of Securities | security	15	5
Total, Fair Value	$ 89,679	$ 55,830
Total, Gross Unrealized Losses	$ (8,118)	$ (1,258)
Total, Number of Securities | security	110	37
Residential collateralized mortgage obligations
Securities available-for-sale:
Less Than 12 Months, Fair Value	$ 18,553	$ 2,897
Less Than 12 Months, Gross Unrealized Losses	$ (1,034)	$ (47)
Less Than 12 Months, Number of Securities | security	37	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	$ 18,553	$ 2,897
Total, Gross Unrealized Losses	$ (1,034)	$ (47)
Total, Number of Securities | security	37	4
SBA loan pool securities
Securities available-for-sale:
Less Than 12 Months, Fair Value	$ 4,923	$ 0
Less Than 12 Months, Gross Unrealized Losses	$ (265)	$ 0
Less Than 12 Months, Number of Securities | security	10	0
12 months or Longer, Fair Value	$ 84	$ 156
12 months or Longer, Gross Unrealized Losses	$ (1)	$ (4)
12 months or Longer, Number of Securities | security	1	1
Total, Fair Value	$ 5,007	$ 156
Total, Gross Unrealized Losses	$ (266)	$ (4)
Total, Number of Securities | security	11	1
Municipal bonds
Securities available-for-sale:
Less Than 12 Months, Fair Value	$ 2,851
Less Than 12 Months, Gross Unrealized Losses	$ (42)
Less Than 12 Months, Number of Securities | security	8
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	$ 2,851
Total, Gross Unrealized Losses	$ (42)
Total, Number of Securities | security	8
Corporate bonds
Securities available-for-sale:
Less Than 12 Months, Fair Value	$ 4,813
Less Than 12 Months, Gross Unrealized Losses	$ (187)
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	$ 4,813
Total, Gross Unrealized Losses	$ (187)
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	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	$ 1,833,010		$ 1,732,205
Allowance for loan losses	(21,071)	$ (21,198)	(22,381)	$ (24,889)	$ (25,514)	$ (26,510)
Net loans held-for-investment	1,811,939		1,709,824
Officers and Directors
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	115		398
SBA PPP
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	1,600		65,300
Real estate loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	1,606,416		1,453,241
Allowance for loan losses	(16,591)	(16,602)	(16,797)	(18,672)	(18,693)	(18,894)
Real estate loans | Commercial property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	1,204,142		1,105,843
Real estate loans | Residential property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	258,259		209,485
Real estate loans | SBA property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	131,420		129,661
Real estate loans | Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	12,595		8,252
Commercial and industrial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	204,369		257,343
Allowance for loan losses	(4,275)	(4,356)	(5,310)	(5,866)	(6,468)	(7,222)
Commercial and industrial loans | Commercial term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	73,885		73,438
Commercial and industrial loans | Commercial lines of credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	111,916		100,936
Commercial and industrial loans | SBA commercial term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	16,985		17,640
Commercial and industrial loans | SBA PPP
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	1,583		65,329
Other consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	22,225		21,621
Allowance for loan losses	$ (205)	$ (240)	$ (274)	$ (351)	$ (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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 21,198	$ 25,514	$ 22,381	$ 26,510
Charge-offs	(47)	(33)	(59)	(78)
Recoveries on loans previously charged off	29	342	49	538
Provision (reversal) for loan losses	(109)	(934)	(1,300)	(2,081)
Ending balance	21,071	24,889	21,071	24,889
Allowance for loan losses:
Individually evaluated for impairment	0		0		$ 0
Collectively evaluated for impairment	21,071		21,071		22,381
Total	21,071	24,889	21,071	24,889	22,381
Loans receivable:
Individually evaluated for impairment	1,754		1,754		1,535
Collectively evaluated for impairment	1,831,256		1,831,256		1,730,670
Total	1,833,010		1,833,010		1,732,205
Real Estate
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	16,602	18,693	16,797	18,894
Charge-offs	0	0	0	(18)
Recoveries on loans previously charged off	0	17	0	47
Provision (reversal) for loan losses	(11)	(38)	(206)	(251)
Ending balance	16,591	18,672	16,591	18,672
Allowance for loan losses:
Individually evaluated for impairment	0		0		0
Collectively evaluated for impairment	16,591		16,591		16,797
Total	16,591	18,672	16,591	18,672	16,797
Loans receivable:
Individually evaluated for impairment	1,564		1,564		1,314
Collectively evaluated for impairment	1,604,852		1,604,852		1,451,927
Total	1,606,416		1,606,416		1,453,241
Commercial and Industrial
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	4,356	6,468	5,310	7,222
Charge-offs	(17)	(11)	(17)	(16)
Recoveries on loans previously charged off	18	310	23	459
Provision (reversal) for loan losses	(82)	(901)	(1,041)	(1,799)
Ending balance	4,275	5,866	4,275	5,866
Allowance for loan losses:
Individually evaluated for impairment	0		0		0
Collectively evaluated for impairment	4,275		4,275		5,310
Total	4,275	5,866	4,275	5,866	5,310
Loans receivable:
Individually evaluated for impairment	190		190		221
Collectively evaluated for impairment	204,179		204,179		257,122
Total	204,369		204,369		257,343
Other Consumer
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	240	353	274	394
Charge-offs	(30)	(22)	(42)	(44)
Recoveries on loans previously charged off	11	15	26	32
Provision (reversal) for loan losses	(16)	5	(53)	(31)
Ending balance	205	351	205	351
Allowance for loan losses:
Individually evaluated for impairment	0		0		0
Collectively evaluated for impairment	205		205		274
Total	205	$ 351	205	$ 351	274
Loans receivable:
Individually evaluated for impairment	0		0		0
Collectively evaluated for impairment	22,225		22,225		21,621
Total	$ 22,225		$ 22,225		$ 21,621

Loans and Allowance for Loan _5

Loans and Allowance for Loan Losses - Credit Quality Indicators (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	$ 1,833,010	$ 1,732,205
Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	1,822,717	1,708,945
Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	6,313	18,092
Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	3,980	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	1,600	65,300
Real estate loans
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	1,606,416	1,453,241
Real estate loans | Commercial property
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	1,204,142	1,105,843
Real estate loans | Commercial property | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	1,200,147	1,092,253
Real estate loans | Commercial property | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	3,304	11,739
Real estate loans | Commercial property | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	691	1,851
Real estate loans | Commercial property | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Real estate loans | Residential property
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	258,259	209,485
Real estate loans | Residential property | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	257,808	209,485
Real estate loans | Residential property | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Real estate loans | Residential property | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	451	0
Real estate loans | Residential property | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Real estate loans | SBA property
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	131,420	129,661
Real estate loans | SBA property | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	129,640	127,518
Real estate loans | SBA property | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	249	251
Real estate loans | SBA property | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	1,531	1,892
Real estate loans | SBA property | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Real estate loans | Construction
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	12,595	8,252
Real estate loans | Construction | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	12,595	8,252
Real estate loans | Construction | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Real estate loans | Construction | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Real estate loans | Construction | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Commercial and industrial loans
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	204,369	257,343
Commercial and industrial loans | Commercial term
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	73,885	73,438
Commercial and industrial loans | Commercial term | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	71,377	68,626
Commercial and industrial loans | Commercial term | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	1,462	3,698
Commercial and industrial loans | Commercial term | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	1,046	1,114
Commercial and industrial loans | Commercial term | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Commercial and industrial loans | Commercial lines of credit
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	111,916	100,936
Commercial and industrial loans | Commercial lines of credit | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	110,815	98,785
Commercial and industrial loans | Commercial lines of credit | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	1,101	2,151
Commercial and industrial loans | Commercial lines of credit | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Commercial and industrial loans | Commercial lines of credit | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Commercial and industrial loans | SBA commercial term
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	16,985	17,640
Commercial and industrial loans | SBA commercial term | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	16,551	17,111
Commercial and industrial loans | SBA commercial term | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	197	253
Commercial and industrial loans | SBA commercial term | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	237	276
Commercial and industrial loans | SBA commercial term | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Commercial and industrial loans | SBA PPP
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	1,583	65,329
Commercial and industrial loans | SBA PPP | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	1,583	65,329
Commercial and industrial loans | SBA PPP | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Commercial and industrial loans | SBA PPP | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Commercial and industrial loans | SBA PPP | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Other consumer loans
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	22,225	21,621
Other consumer loans | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	22,201	21,586
Other consumer loans | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Other consumer loans | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	24	35
Other consumer loans | 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 ($)	Jun. 30, 2022	Dec. 31, 2021
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	$ 1,833,010,000	$ 1,732,205,000
Nonaccrual	1,223,000	994,000
Total Past Due and Nonaccrual	1,905,000	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	682,000	549,000
60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	0	5,000
90 or More Days Past Due
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	0	0
Real estate loans
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	1,606,416,000	1,453,241,000
Real estate loans | Residential property
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	258,259,000	209,485,000
Nonaccrual	450,000	0
Total Past Due and Nonaccrual	822,000	461,000
Real estate loans | Residential property | 30 to 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	372,000	461,000
Real estate loans | Residential property | 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	0	0
Real estate loans | Residential property | 90 or More Days Past Due
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	0	0
Real estate loans | SBA property
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	131,420,000	129,661,000
Nonaccrual	564,000	746,000
Total Past Due and Nonaccrual	755,000	746,000
Real estate loans | SBA property | 30 to 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	191,000	0
Real estate loans | SBA property | 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	0	0
Real estate loans | SBA property | 90 or More Days Past Due
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	0	0
Commercial and industrial loans
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	204,369,000	257,343,000
Commercial and industrial loans | SBA commercial term
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	16,985,000	17,640,000
Nonaccrual	185,000	213,000
Total Past Due and Nonaccrual	185,000	213,000
Commercial and industrial loans | SBA commercial term | 30 to 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	0	0
Commercial and industrial loans | SBA commercial term | 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	0	0
Commercial and industrial loans | 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	22,225,000	21,621,000
Nonaccrual	24,000	35,000
Total Past Due and Nonaccrual	143,000	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	0	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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Financing Receivable, Impaired [Line Items]
Impaired financing receivable, with no allowance recorded, recorded investment	$ 1,754		$ 1,754		$ 1,535
Impaired financing receivable, with no allowance recorded, unpaid principal balance	1,799		1,799		1,587
Impaired financing receivable, with an allowance recorded, recorded investment	0		0		0
Impaired financing receivable, with an allowance recorded, unpaid principal balance	0		0		0
Impaired financing receivable, with an allowance recorded, related allowance	0		0		0
Average Recorded Investment	1,856	$ 2,007	1,917	$ 1,993
Interest Income	9	9	17	22
Interest Foregone on Impaired Loans [Abstract]
Interest income that would have been recognized had impaired loans performed in accordance with their original terms	24	27	50	55
Less: interest income recognized on impaired loans on a cash basis	(9)	(9)	(17)	(22)
Interest income foregone on impaired loans	15	18	33	33
Real estate loans | Commercial property
Financing Receivable, Impaired [Line Items]
Impaired financing receivable, with no allowance recorded, recorded investment	322		322		326
Impaired financing receivable, with no allowance recorded, unpaid principal balance	321		321		325
Impaired financing receivable, with an allowance recorded, recorded investment	0		0		0
Impaired financing receivable, with an allowance recorded, unpaid principal balance	0		0		0
Impaired financing receivable, with an allowance recorded, related allowance	0		0		0
Average Recorded Investment	323	330	324	331
Interest Income	6	5	11	11
Real estate loans | Residential property
Financing Receivable, Impaired [Line Items]
Impaired financing receivable, with no allowance recorded, recorded investment	450		450
Impaired financing receivable, with no allowance recorded, unpaid principal balance	451		451
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	456	0	458	0
Interest Income	0	0	0	0
Real estate loans | SBA property
Financing Receivable, Impaired [Line Items]
Impaired financing receivable, with no allowance recorded, recorded investment	792		792		988
Impaired financing receivable, with no allowance recorded, unpaid principal balance	831		831		1,033
Impaired financing receivable, with an allowance recorded, recorded investment	0		0		0
Impaired financing receivable, with an allowance recorded, unpaid principal balance	0		0		0
Impaired financing receivable, with an allowance recorded, related allowance	0		0		0
Average Recorded Investment	880	1,048	931	1,196
Interest Income	3	3	6	10
Commercial and industrial loans | 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	0	13	0	14
Interest Income	0	0	0	0
Commercial and industrial loans | SBA commercial term
Financing Receivable, Impaired [Line Items]
Impaired financing receivable, with no allowance recorded, recorded investment	190		190		219
Impaired financing receivable, with no allowance recorded, unpaid principal balance	196		196		227
Impaired financing receivable, with an allowance recorded, recorded investment	0		0		0
Impaired financing receivable, with an allowance recorded, unpaid principal balance	0		0		0
Impaired financing receivable, with an allowance recorded, related allowance	0		0		$ 0
Average Recorded Investment	197	616	204	452
Interest Income	$ 0	$ 1	$ 0	$ 1

Loans and Allowance for Loan _8

Loans and Allowance for Loan Losses - Troubled Debt Restructurings (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($) loan	Jun. 30, 2021 loan	Jun. 30, 2022 USD ($) loan	Jun. 30, 2021 loan	Dec. 31, 2021 USD ($)
Loans Modified as TDRs as of Period End [Abstract]
Accruing	$ 555,000		$ 555,000		$ 576,000
Nonaccrual	10,000		10,000		17,000
Total	565,000		565,000		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		0
Allowance for loan losses	$ 0		$ 0		0
Number of loans modified as TDRs for which there was payment default within twelve months | loan	0	0	0	0
Real estate loans | Commercial property
Loans Modified as TDRs as of Period End [Abstract]
Accruing	$ 321,000		$ 321,000		326,000
Nonaccrual	0		0		0
Total	321,000		321,000		326,000
Real estate loans | SBA property
Loans Modified as TDRs as of Period End [Abstract]
Accruing	229,000		229,000		242,000
Nonaccrual	10,000		10,000		17,000
Total	$ 239,000		$ 239,000		259,000
Commercial and industrial loans
Loans Modified as TDRs During the Period [Abstract]
Number of new loans modified as TDRs | loan	0	0	0	0
Commercial and industrial loans | Commercial term
Loans Modified as TDRs as of Period End [Abstract]
Accruing	$ 0		$ 0		2,000
Nonaccrual	0		0		0
Total	0		0		2,000
Commercial and industrial loans | SBA commercial term
Loans Modified as TDRs as of Period End [Abstract]
Accruing	5,000		5,000		6,000
Nonaccrual	0		0		0
Total	$ 5,000		$ 5,000		$ 6,000

Loans and Allowance for Loan _9

Loans and Allowance for Loan Losses - Purchases, Sales, and Transfers (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Transfer of loans to held-for-sale	$ 0	$ 1,899,000	$ 0	$ 1,899,000
Transfer of loans to held-for-investment	0	0	0	0
Purchase of loans held for investment	0	636,000	0	636,000
Real estate loans | Commercial property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Transfer of loans to held-for-sale	0	1,710,000	0	1,710,000
Real estate loans | Residential property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Transfer of loans to held-for-sale	0	189,000	0	189,000
Purchase of loans held for investment	$ 0	$ 636,000	$ 0	$ 636,000

Loans and Allowance for Loan_10

Loans and Allowance for Loan Losses - Loans Held-For-Sale (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-sale	$ 9,627	$ 37,026
Real estate loans | SBA property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-sale	8,040	33,603
Commercial and industrial loans | SBA commercial term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-sale	$ 1,587	$ 3,423

Servicing Assets - Narrative (D

Servicing Assets - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Transfers and Servicing [Abstract]
Total servicing assets	$ 7,716		$ 7,716		$ 7,269
Loans sold with servicing rights retained	38,400	$ 34,100	78,100	$ 45,000
Net gain on sale	2,000	4,000	5,800	5,100
Loan servicing income	$ 755	$ 545	$ 1,500	$ 1,400

Servicing Assets - Summary of K

Servicing Assets - Summary of Key Assumptions in Fair Value Calculations (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020
Servicing Assets at Fair Value [Line Items]
Carrying amount	$ 7,716	$ 7,269
Residential Property
Servicing Assets at Fair Value [Line Items]
Carrying amount	72	86	$ 76	$ 96	$ 105	$ 109
Fair value	$ 114	$ 126
Discount rate (in percent)	4.89%	6.33%
Prepayment speed (in percent)	23.20%	24.40%
Weighted average remaining life	21 years 3 months 18 days	21 years 10 months 24 days
Underlying loans being serviced	$ 14,593	$ 17,443
SBA property
Servicing Assets at Fair Value [Line Items]
Carrying amount	7,193	6,701	6,984	5,800	5,519	5,642
Fair value	$ 10,056	$ 11,196
Discount rate (in percent)	8.31%	8.75%
Prepayment speed (in percent)	14.28%	9.80%
Weighted average remaining life	21 years 6 months	21 years 4 months 24 days
Underlying loans being serviced	$ 467,466	$ 442,424
SBA commercial term
Servicing Assets at Fair Value [Line Items]
Carrying amount	451	482	$ 473	$ 586	$ 629	$ 649
Fair value	$ 601	$ 734
Discount rate (in percent)	10.64%	9.64%
Prepayment speed (in percent)	19%	12.77%
Weighted average remaining life	6 years 6 months	6 years 2 months 12 days
Underlying loans being serviced	$ 55,931	$ 59,839

Servicing Assets - Summary of C

Servicing Assets - Summary of Changes in Servicing Assets (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance at beginning of period			$ 7,269
Amortization			(1,061)	$ (970)
Balance at end of period	$ 7,716		7,716
Residential Property
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance at beginning of period	76	$ 105	86	109
Additions	0	0	0	0
Amortization	(4)	(9)	(14)	(13)
Balance at end of period	72	96	72	96
SBA property
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance at beginning of period	6,984	5,519	6,701	5,642
Additions	669	774	1,414	981
Amortization	(460)	(493)	(922)	(823)
Balance at end of period	7,193	5,800	7,193	5,800
SBA commercial term
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance at beginning of period	473	629	482	649
Additions	44	34	94	71
Amortization	(66)	(77)	(125)	(134)
Balance at end of period	$ 451	$ 586	$ 451	$ 586

Other Real Estate Owned - Activ

Other Real Estate Owned - Activity (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Other Real Estate Owned [Roll Forward]
Balance at beginning of period	$ 0	$ 2,336	$ 0	$ 1,401
Additions	808	0	808	1,960
Sales	0	(2,336)	0	(3,361)
Net change in valuation allowance	0	0	0	0
Balance at end of period	$ 808	$ 0	$ 808	$ 0

Other Real Estate Owned - Valua

Other Real Estate Owned - Valuation Allowance (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Real Estate Owned Valuation Allowance [Roll Forward]
Balance at beginning of period	$ 0	$ 0	$ 0	$ 0
Additions	0	0	0	0
Net direct write-downs and removal from sale	0	0	0	0
Balance at end of period	$ 0	$ 0	$ 0	$ 0

Other Real Estate Owned - Expen

Other Real Estate Owned - Expenses (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Net loss (gain) on sales	$ 3,000	$ 20,000	$ 3,000	$ 8,000
Loan provided to purchase its OREO		0		0
Net loss (gain) on sales
Accounts, Notes, Loans and Financing Receivable [Line Items]
Net loss (gain) on sales	0	2,000	0	(73,000)
Operating expenses, net of rental income
Accounts, Notes, Loans and Financing Receivable [Line Items]
Net loss (gain) on sales	$ 3,000	$ 18,000	$ 3,000	$ 81,000

Operating Leases - Cost and Sup

Operating Leases - Cost and Supplemental Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Leases [Abstract]
Operating lease cost	$ 659	$ 651	$ 1,324	$ 1,302
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	708	698	1,427	1,397
Right of use assets obtained in exchange for lease obligations	629	$ 31	964	$ 136
Operating leases:
Operating lease assets	6,512		6,512		$ 6,786
Operating lease liabilities	$ 7,067		$ 7,067		$ 7,444
Weighted-average remaining lease term	3 years 10 months 24 days		3 years 10 months 24 days		4 years
Weighted-average discount rate	2.40%		2.40%		2.36%

Operating Leases - Maturities o

Operating Leases - Maturities of Operating Lease Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Maturities:
2022	$ 1,485
2023	2,492
2024	1,059
2025	965
2026	701
After 2026	786
Total lease payment	7,488
Imputed Interest	(421)
Present value of operating lease liabilities	$ 7,067	$ 7,444

Federal Home Loan Bank Advanc_2

Federal Home Loan Bank Advances and Other Borrowings (Details) - USD ($)	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Borrowings from the FHLB	$ 0	$ 10,000,000
Weighted average interest rate	2.07%
Loans pledged to secure borrowings	$ 967,000,000	982,700,000
Additional borrowing capacity	549,900,000	516,200,000
FHLB of San Francisco
Debt Instrument [Line Items]
Investment in capital stock of the FHLB	10,000,000	$ 8,400,000
FHLB Advances
Debt Instrument [Line Items]
Unused borrowing capacity	22,000,000
Loans pledged as collateral	29,100,000
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 Thousands		3 Months Ended		5 Months Ended	6 Months Ended
	May 24, 2022	Jun. 30, 2022	Jun. 30, 2021	Sep. 07, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Apr. 08, 2021
Equity, Class of Treasury Stock [Line Items]
Issuance of preferred stock		$ 69,141			$ 69,141
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			$ 10,333	$ 10,900		$ 10,333
Maximum
Equity, Class of Treasury Stock [Line Items]
Number of shares authorized to be repurchased as a percent of common stock outstanding								5%
Series C Preferred Stock
Equity, Class of Treasury Stock [Line Items]
Issuance of preferred stock (in shares)	69,141
Preferred stock, liquidation preference per share (in dollars per share)	$ 1,000	$ 1,000			$ 1,000		$ 1,000
Issuance of preferred stock	$ 69,100
Minimum period for stock redemption	5 years

Share-Based Compensation - Narr

Share-Based Compensation - Narrative (Details) - Stock options - shares	Jun. 30, 2022	Jul. 25, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Authorized options to purchase (in shares)		1,114,446
Shares available for future grants (in shares)	414,370

Share-Based Compensation - Shar

Share-Based Compensation - Share-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 142	$ 117	$ 283	$ 207
Related tax benefits	31	21	60	41
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	43	50	90	78
Restricted stock awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 99	$ 67	$ 193	$ 6,129

Share-Based Compensation - Unre

Share-Based Compensation - Unrecognized Share-based Compensation Expense (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options	$ 401
Restricted stock awards	901
Total unrecognized share-based compensation expense	$ 1,302
Weighted-Average Remaining Expected Recognition Period	3 years 2 months 12 days
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-Average Remaining Expected Recognition Period	3 years 3 months 18 days
Restricted stock awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-Average Remaining Expected Recognition Period	3 years 1 month 6 days

Share-Based Compensation - Opti

Share-Based Compensation - Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended	12 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2022	Dec. 31, 2021
Number of Shares
Outstanding at beginning of period (in shares)	608,734	632,772	632,772
Granted (in shares)			30,000
Exercised (in shares)	(12,097)		(66,135)
Forfeited (in shares)	(1,000)		(1,000)
Outstanding at end of year (in shares)	595,637	608,734	595,637	632,772
Exercisable (in shares)	481,637		481,637
Weighted-Average Exercise Price Per Share
Weighted-Average Exercise Price Per Share, Outstanding at beginning of period (in dollars per share)	$ 12.24	$ 11.47	$ 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)	7.07		8.57
Weighted Average Exercise Price Per Share, Forfeited (in dollars per share)	15.50		15.50
Weighted-Average Exercise Price Per Share, Outstanding at ending of period (in dollars per share)	12.34	$ 12.24	12.34	$ 11.47
Weighted-Average Exercise Price Per Share, Exercisable (in dollars per share)	$ 10.85		$ 10.85
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Weighted-Average Contractual Term, Outstanding	4 years 6 months	4 years 8 months 12 days	4 years 6 months	4 years 6 months 14 days
Weighted-Average Contractual Term, Granted			10 years
Weighted-Average Contractual Term, Exercised	1 year 7 months 6 days		2 years 5 months 4 days
Weighted-Average Contractual Term, Forfeited	5 years 6 months		5 years 6 months 10 days
Weighted-Average Contractual Term, Exercisable	3 years 7 months 6 days		3 years 6 months 29 days
Aggregate Intrinsic Value, Balance	$ 3,776	$ 6,519	$ 3,776	$ 6,641
Aggregate Intrinsic Value, Exercisable	$ 3,770		$ 3,770

Share-Based Compensation - Nonv

Share-Based Compensation - Nonvested Options (Details) - $ / shares	3 Months Ended	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2022
Number of Shares
Granted (in shares)		30,000
Non-Vested Stock Options
Number of Shares
Outstanding at beginning of period (in shares)	122,000	107,099
Granted (in shares)	0
Vested (in shares)	(7,000)	(22,099)
Forfeited (in shares)	(1,000)	(1,000)
Outstanding at end of period (in shares)	114,000	114,000
Weighted-Average Exercise Price Per Share
Weighted-Average Exercise Price Per Share, Outstanding (in dollars per share)	$ 18.40	$ 16.70
Weighted-Average Exercise Price Per Share, Granted (in dollars per share)	0
Weighted-Average Exercise Price Per Share, Vested (in dollars per share)	15.19	14.84
Weighted -Average Exercise Price Per Share, Forfeited (in dollars per share)	15.50	15.50
Weighted-Average Exercise Price Per Share, Outstanding (in dollars per share)	$ 18.63	$ 18.63

Share-Based Compensation - Rest

Share-Based Compensation - Restricted Stock Awards (Details) - Restricted stock awards - $ / shares	3 Months Ended	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2022
Number of Shares
Outstanding at beginning of period (in shares)	68,822	55,284
Granted (in shares)	0	25,000
Vested (in shares)	0	(11,262)
Forfeited (in shares)	0	(200)
Outstanding at end of period (in shares)	68,822	68,822
Weighted-Average Exercise Price Per Share
Weighted-Average Exercise Price Per Share, Outstanding (in dollars per share)	$ 16.51	$ 12.79
Weighted-Average Exercise Price Per Share, Granted (in dollars per share)	0	21.96
Weighted-Average Exercise Price Per Share, Vested (in dollars per share)	0	10.36
Weighted-Average Exercise Price Per Share, Forfeited (in dollars per share)	0	17.09
Weighted-Average Exercise Price Per Share, Outstanding (in dollars per share)	$ 16.51	$ 16.51

Income Taxes (Details)

Income Taxes (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Income tax expense	$ 3,771,000	$ 4,098,000	$ 7,930,000	$ 7,692,000
Effective tax rate	29.30%	29.40%	29.10%	29.50%
Unrecognized tax benefits	$ 0		$ 0		$ 0

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Basic earnings per share:
Net income	$ 9,092	$ 9,844	$ 19,332	$ 18,404
Less: income allocated to unvested restricted stock	(42)	(41)	(90)	(73)
Net income allocated to common stock	$ 9,050	$ 9,803	$ 19,242	$ 18,331
Weighted-average total common shares outstanding (in shares)	14,952,590	15,178,445	14,935,686	15,310,052
Less: weighted-average unvested restricted stock (in shares)	(68,822)	(62,884)	(69,696)	(60,842)
Weighted-average common shares outstanding, basic (in shares)	14,883,768	15,115,561	14,865,990	15,249,210
Basic earnings per share (in dollars per share)	$ 0.61	$ 0.65	$ 1.29	$ 1.20
Diluted earnings per share:
Net income allocated to common stock	$ 9,050	$ 9,803	$ 19,242	$ 18,331
Weighted-average common shares outstanding, basic (in shares)	14,883,768	15,115,561	14,865,990	15,249,210
Diluted effect of stock options (in shares)	238,684	194,312	272,503	176,098
Weighted-average common shares outstanding, diluted (in shares)	15,122,452	15,309,873	15,138,493	15,425,308
Diluted earnings per share (in shares)	$ 0.60	$ 0.64	$ 1.27	$ 1.19
Antidilutive securities earnings per share, amount	65,000	85,000	65,000	163,000

Commitments and Contingencies_2

Commitments and Contingencies (Details) - USD ($)	3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
Other Commitments [Line Items]
Data breach expense	$ 0	$ 0	$ 100,000
Fixed Rate
Other Commitments [Line Items]
Outstanding financial commitments whose contractual amount represents credit risk	20,947,000	20,947,000	12,025,000
Variable Rate
Other Commitments [Line Items]
Outstanding financial commitments whose contractual amount represents credit risk	243,473,000	243,473,000	192,382,000
SEC Schedule, 12-09, Reserve, Off-balance Sheet Activity
Other Commitments [Line Items]
Reserve for off-balance sheet items	252,000	252,000	214,000
Unused lines of credit | Fixed Rate
Other Commitments [Line Items]
Outstanding financial commitments whose contractual amount represents credit risk	16,940,000	16,940,000	8,261,000
Unused lines of credit | Variable Rate
Other Commitments [Line Items]
Outstanding financial commitments whose contractual amount represents credit risk	201,910,000	$ 201,910,000	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	1,086,000	$ 1,086,000	595,000
Unfunded loan commitments | Variable Rate
Other Commitments [Line Items]
Outstanding financial commitments whose contractual amount represents credit risk	39,500,000	39,500,000	29,688,000
Standby letters of credit | Fixed Rate
Other Commitments [Line Items]
Outstanding financial commitments whose contractual amount represents credit risk	2,921,000	2,921,000	3,078,000
Standby letters of credit | Variable Rate
Other Commitments [Line Items]
Outstanding financial commitments whose contractual amount represents credit risk	1,701,000	1,701,000	1,431,000
Commercial letters of credit | Fixed Rate
Other Commitments [Line Items]
Outstanding financial commitments whose contractual amount represents credit risk	0	0	91,000
Commercial letters of credit | Variable Rate
Other Commitments [Line Items]
Outstanding financial commitments whose contractual amount represents credit risk	$ 362,000	$ 362,000	$ 524,000

Regulatory Matters - Narrative

Regulatory Matters - Narrative (Details)	Jun. 30, 2022	Dec. 31, 2021
PCB Bancorp
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Capital conservation buffer	11.25%	8.04%
Pacific City Bank
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Capital conservation buffer	10.92%	7.73%

Regulatory Matters - Schedule o

Regulatory Matters - Schedule of Regulatory Capital Amounts and Ratios (Details) $ in Thousands	Jun. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
PCB Bancorp
Actual
Common tier 1 capital (to risk-weighted assets), amount	$ 271,383	$ 255,650
Common tier 1 capital (to risk-weighted assets), ratio	0.1444	0.1479
Total capital (to risk-weighted assets), amount	$ 361,846	$ 277,263
Total capital (to risk-weighted assets), ratio	0.1925	0.1604
Tier 1 capital (to risk-weighted assets), amount	$ 340,524	$ 255,650
Tier 1 capital (to risk-weighted assets), ratio	0.1811	0.1479
Tier 1 capital (to average assets), amount	$ 340,524	$ 255,650
Tier 1 capital (to average assets), ratio	0.1537	0.1211
Minimum Capital Requirement
Common tier 1 capital (to risk-weighted assets), amount	$ 84,595	$ 77,762
Common tier 1 capital (to risk-weighted assets), ratio	4.50%	4.50%
Total capital (to risk-weighted assets), amount	$ 150,390	$ 138,244
Total capital (to risk-weighted assets), ratio	0.080	0.080
Tier 1 capital (to risk-weighted assets), amount	$ 112,793	$ 103,683
Tier 1 capital (to risk-weighted assets), ratio	0.060	0.060
Tier 1 capital (to average assets), amount	$ 88,619	$ 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	$ 334,347	$ 250,145
Common tier 1 capital (to risk-weighted assets), ratio	0.1779	0.1448
Total capital (to risk-weighted assets), amount	$ 355,670	$ 271,757
Total capital (to risk-weighted assets), ratio	0.1892	0.1573
Tier 1 capital (to risk-weighted assets), amount	$ 334,347	$ 250,145
Tier 1 capital (to risk-weighted assets), ratio	0.1779	0.1448
Tier 1 capital (to average assets), amount	$ 334,347	$ 250,145
Tier 1 capital (to average assets), ratio	0.1509	0.1185
Minimum Capital Requirement
Common tier 1 capital (to risk-weighted assets), amount	$ 84,591	$ 77,761
Common tier 1 capital (to risk-weighted assets), ratio	4.50%	4.50%
Total capital (to risk-weighted assets), amount	$ 150,384	$ 138,241
Total capital (to risk-weighted assets), ratio	0.080	0.080
Tier 1 capital (to risk-weighted assets), amount	$ 112,788	$ 103,681
Tier 1 capital (to risk-weighted assets), ratio	0.060	0.060
Tier 1 capital (to average assets), amount	$ 88,617	$ 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	$ 122,187	$ 112,321
Common tier 1 capital (to risk-weighted assets), ratio	6.50%	6.50%
Total capital (to risk-weighted assets), amount	$ 187,980	$ 172,801
Total capital (to risk-weighted assets), ratio	0.100	0.100
Tier 1 capital (to risk-weighted assets), amount	$ 150,384	$ 138,241
Tier 1 capital (to risk-weighted assets), ratio	0.080	0.080
Tier 1 capital (to average assets), amount	$ 110,771	$ 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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Disaggregation of Revenue [Line Items]
Total	$ 628	$ 567	$ 1,219	$ 1,181
Total service charges and fees on deposits
Disaggregation of Revenue [Line Items]
Total	330	302	633	595
Monthly service fees
Disaggregation of Revenue [Line Items]
Total	22	19	43	39
Account analysis fees
Disaggregation of Revenue [Line Items]
Total	232	219	447	429
Non-sufficient funds charges
Disaggregation of Revenue [Line Items]
Total	57	46	104	95
Other deposit related fees
Disaggregation of Revenue [Line Items]
Total	19	18	39	32
Debit card fees
Disaggregation of Revenue [Line Items]
Total	85	77	169	136
Gain (loss) on sale of other real estate owned
Disaggregation of Revenue [Line Items]
Total	0	(1)	0	74
Wire transfer fees
Disaggregation of Revenue [Line Items]
Total	166	141	325	276
Other service charges
Disaggregation of Revenue [Line Items]
Total	$ 47	$ 48	$ 92	$ 100

Subsequent Events (Details)

Subsequent Events (Details) - $ / shares		3 Months Ended		6 Months Ended
	Jul. 28, 2022	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Apr. 08, 2021
Subsequent Event [Line Items]
Cash dividends declared on common stock (in dollars per share)		$ 0.15	$ 0.10	$ 0.30	$ 0.20
Maximum
Subsequent Event [Line Items]
Number of shares authorized to be repurchased as a percent of common stock outstanding						5%
Subsequent Event
Subsequent Event [Line Items]
Cash dividends declared on common stock (in dollars per share)	$ 0.15
Subsequent Event | Maximum
Subsequent Event [Line Items]
Number of shares authorized to be repurchased as a percent of common stock outstanding	5%