PCB Bancorp (PCB) 10-Q 3 Nov 22 2022 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2022	Oct. 28, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 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		14,800,133
Current Fiscal Year End Date	--12-31
Amendment Flag	false
Entity Central Index Key	0001423869
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Assets
Cash and due from banks	$ 22,252	$ 15,222
Interest-bearing deposits in other financial institutions	131,786	188,063
Total cash and cash equivalents	154,038	203,285
Securities available-for-sale, at fair value	129,401	123,198
Loans held-for-sale	18,982	37,026
Loans held-for-investment, net of deferred loan costs (fees)	1,959,237	1,732,205
Allowance for loan losses	(23,761)	(22,381)
Net loans held-for-investment	1,935,476	1,709,824
Premises and equipment, net	4,671	3,098
Federal Home Loan Bank and other restricted stock, at cost	10,183	8,577
Bank-owned life insurance	29,883	29,358
Deferred tax assets, net	12,135	10,824
Servicing assets	7,627	7,269
Operating lease assets	6,897	6,786
Accrued interest receivable	6,070	5,368
Other assets	11,688	5,122
Total assets	2,327,051	2,149,735
Deposits:
Noninterest-bearing demand	809,842	830,383
Savings, NOW and money market accounts	563,000	422,526
Time deposits of $250,000 or less	305,985	341,956
Time deposits of more than $250,000	299,271	272,269
Total deposits	1,978,098	1,867,134
Federal Home Loan Bank advances	0	10,000
Operating lease liabilities	7,402	7,444
Accrued interest payable and other liabilities	8,832	8,871
Total liabilities	1,994,332	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; 14,853,140 and 14,865,825 shares issued and outstanding, respectively, and included 62,022 and 55,284 shares of unvested restricted stock, respectively, at September 30, 2022 and December 31, 2021	153,890	154,992
Retained earnings	120,699	101,140
Accumulated other comprehensive income (loss), net	(11,011)	154
Total shareholders’ equity	332,719	256,286
Total liabilities and shareholders’ equity	2,327,051	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 September 30, 2022 and December 31, 2021, respectively.	$ 69,141	$ 0

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 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)	14,853,140	14,865,825
Common stock, outstanding (in shares)	14,853,140	14,865,825
Restricted stock awards
Unvested restricted stock (in shares)	62,022	55,284
Series C Preferred Stock
Preferred stock, liquidation preference per share (in dollars per share)	$ 1,000	$ 1,000
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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Interest and dividend income:
Loans, including fees	$ 24,835	$ 20,537	$ 66,268	$ 58,792
Tax-exempt investment securities	34	36	107	109
Taxable investment securities	772	401	1,843	1,063
Other interest-earning assets	1,194	194	1,957	513
Total interest income	26,835	21,168	70,175	60,477
Interest expense:
Deposits	2,798	885	4,689	3,196
Other borrowings	14	56	119	239
Total interest expense	2,812	941	4,808	3,435
Net interest income	24,023	20,227	65,367	57,042
Provision (reversal) for loan losses	3,753	(1,053)	2,453	(3,134)
Net interest income after provision (reversal) for loan losses	20,270	21,280	62,914	60,176
Noninterest income:
Service charges and fees on deposits	787	587	2,006	1,768
Loan servicing income	780	655	2,235	2,082
Bank-owned life insurance income	178	0	525	0
Gain on sale of loans	1,415	4,269	7,231	9,558
Other income	462	372	1,145	1,069
Total noninterest income	3,176	5,588	12,110	13,596
Noninterest expense:
Salaries and employee benefits	8,457	7,606	25,177	20,913
Occupancy and equipment	1,650	1,399	4,584	4,158
Professional fees	587	422	1,632	1,574
Marketing and business promotion	909	416	1,426	1,070
Data processing	427	391	1,272	1,164
Director fees and expenses	179	144	530	433
Regulatory assessments	150	12	438	399
Other expense	1,336	842	2,952	2,329
Total noninterest expense	13,695	11,232	38,011	32,040
Income before income taxes	9,751	15,636	37,013	41,732
Income tax expense	2,798	4,613	10,728	12,305
Net income	$ 6,953	$ 11,023	$ 26,285	$ 29,427
Earnings per common share, basic (in dollars per share)	$ 0.47	$ 0.74	$ 1.76	$ 1.94
Earnings per common share, diluted (in dollars per share)	$ 0.46	$ 0.73	$ 1.73	$ 1.92
Weighted-average common shares outstanding, basic (in shares)	14,877,879	14,779,707	14,869,997	15,090,989
Weighted-average common shares outstanding, diluted (in shares)	15,088,089	15,031,558	15,126,863	15,298,065
Service charges and fees on deposits
Noninterest income:
Service charges and fees on deposits	$ 341	$ 292	$ 974	$ 887

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 6,953	$ 11,023	$ 26,285	$ 29,427
Other comprehensive loss:
Unrealized loss on securities available-for-sale arising during the period	(6,255)	(581)	(15,839)	(1,734)
Income tax benefit related to items of other comprehensive loss	1,844	170	4,674	510
Total other comprehensive loss, net of tax	(4,411)	(411)	(11,165)	(1,224)
Total comprehensive income	$ 2,542	$ 10,612	$ 15,120	$ 28,203

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, preferred stock (in shares) at Dec. 31, 2020		0
Beginning balance, common stock (in shares) at Dec. 31, 2020			15,385,878
Beginning balance at Dec. 31, 2020	$ 233,788	$ 0	$ 164,140	$ 67,692	$ 1,956
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	29,427			29,427
Other comprehensive loss, net of tax	(1,224)				(1,224)
Issuance of restricted stock (in shares)			35,584
Forfeiture of restricted stock (in shares)			(1,300)
Restricted stock surrendered due to employee tax liability (in shares)			(231)
Restricted stock surrendered due to employee tax liability	(4)		$ (4)
Repurchase of common stock (in shares)			(680,269)
Repurchase of common stock	(10,876)		$ (10,876)
Share-based compensation expense	323		$ 323
Stock options exercised (in shares)			101,964
Stock options exercised	1,035		$ 1,035
Cash dividends declared on common stock	(4,871)			(4,871)
Ending balance, preferred stock (in shares) at Sep. 30, 2021		0
Ending balance, common stock (in shares) at Sep. 30, 2021			14,841,626
Ending balance at Sep. 30, 2021	247,598	$ 0	$ 154,618	92,248	732
Beginning balance, preferred stock (in shares) at Jun. 30, 2021		0
Beginning balance, common stock (in shares) at Jun. 30, 2021			14,854,315
Beginning balance at Jun. 30, 2021	238,941	$ 0	$ 154,796	83,002	1,143
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	11,023			11,023
Other comprehensive loss, net of tax	(411)				(411)
Issuance of restricted stock (in shares)			1,800
Forfeiture of restricted stock (in shares)			(300)
Restricted stock surrendered due to employee tax liability (in shares)			(231)
Restricted stock surrendered due to employee tax liability	(4)		$ (4)
Repurchase of common stock (in shares)			(33,935)
Repurchase of common stock	(543)		$ (543)
Share-based compensation expense	116		$ 116
Stock options exercised (in shares)			19,977
Stock options exercised	253		$ 253
Cash dividends declared on common stock	(1,777)			(1,777)
Ending balance, preferred stock (in shares) at Sep. 30, 2021		0
Ending balance, common stock (in shares) at Sep. 30, 2021			14,841,626
Ending balance at Sep. 30, 2021	$ 247,598	$ 0	$ 154,618	92,248	732
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
Beginning balance at Dec. 31, 2021	$ 256,286	$ 0	$ 154,992	101,140	154
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	26,285			26,285
Other comprehensive loss, net of tax	(11,165)				(11,165)
Issuance of preferred stock (in shares)		69,141
Issuance of preferred stock	69,141	$ 69,141
Issuance of restricted stock (in shares)			27,700
Forfeiture of restricted stock (in shares)			(200)
Restricted stock surrendered due to employee tax liability (in shares)			(429)
Restricted stock surrendered due to employee tax liability	(8)		$ (8)
Repurchase of common stock (in shares)			(119,941)
Repurchase of common stock	(2,249)		$ (2,249)
Share-based compensation expense	$ 418		$ 418
Stock options exercised (in shares)	80,185		80,185
Stock options exercised	$ 737		$ 737
Cash dividends declared on common stock	$ (6,726)			(6,726)
Ending balance, preferred stock (in shares) at Sep. 30, 2022		69,141
Ending balance, common stock (in shares) at Sep. 30, 2022	14,853,140		14,853,140
Ending balance at Sep. 30, 2022	$ 332,719	$ 69,141	$ 153,890	120,699	(11,011)
Beginning balance, preferred stock (in shares) at Jun. 30, 2022		69,141
Beginning balance, common stock (in shares) at Jun. 30, 2022			14,956,760
Beginning balance at Jun. 30, 2022	334,375	$ 69,141	$ 155,842	115,992	(6,600)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	6,953			6,953
Other comprehensive loss, net of tax	(4,411)				(4,411)
Issuance of restricted stock (in shares)			2,700
Restricted stock surrendered due to employee tax liability (in shares)			(429)
Restricted stock surrendered due to employee tax liability	(8)		$ (8)
Repurchase of common stock (in shares)			(119,941)
Repurchase of common stock	(2,249)		$ (2,249)
Share-based compensation expense	$ 135		$ 135
Stock options exercised (in shares)	14,050		14,050
Stock options exercised	$ 170		$ 170
Cash dividends declared on common stock	$ (2,246)			(2,246)
Ending balance, preferred stock (in shares) at Sep. 30, 2022		69,141
Ending balance, common stock (in shares) at Sep. 30, 2022	14,853,140		14,853,140
Ending balance at Sep. 30, 2022	$ 332,719	$ 69,141	$ 153,890	$ 120,699	$ (11,011)

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Stockholders' Equity [Abstract]
Cash dividends declared (in dollars per share)	$ 0.15	$ 0.12	$ 0.45	$ 0.32

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash flows from operating activities
Net income	$ 26,285	$ 29,427
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation of premises and equipment	1,072	1,053
Net amortization of premiums on securities	307	811
Net accretion of discounts on loans	(2,682)	(2,689)
Net accretion of deferred loan fees	(2,014)	(4,662)
Amortization of servicing assets	1,584	1,496
Provision (reversal) for loan losses	2,453	(3,134)
Bank-owned life insurance income	(525)	0
Deferred tax expense	3,363	1,111
Stock-based compensation	418	323
Gain on sale of loans	(7,231)	(9,558)
Originations of loans held-for-sale	(88,236)	(126,774)
Proceeds from sales of and principal collected on loans held-for-sale	114,400	109,409
Change in accrued interest receivable and other assets	(7,261)	3,191
Change in accrued interest payable and other liabilities	(1,194)	(315)
Net cash provided by (used in) operating activities	40,739	(311)
Cash flows from investing activities
Purchase of securities available-for-sale	(41,099)	(47,306)
Proceeds from maturities and paydowns of securities available-for-sale	18,750	32,186
Proceeds from sale of loans held-for-sale previously classified as held-for-investment	458	5,355
Net change in loans held-for-investment	(226,849)	(123,698)
Purchase of loans held-for-investment	0	(1,439)
Purchase of Federal Home Loan Bank stock	(1,606)	(130)
Proceeds from sale of other real estate owned	1,191	3,434
Purchases of premises and equipment	(2,690)	(315)
Net cash used in investing activities	(251,845)	(131,913)
Cash flows from financing activities
Net change in deposits	110,964	237,815
Repayment of long-term Federal Home Loan Bank advances	(10,000)	(70,000)
Stock options exercised	737	1,035
Restricted stock surrendered due to employee tax liability	(8)	(4)
Issuance of preferred stock	69,141	0
Repurchase of common stock	(2,249)	(10,876)
Cash dividends paid on common stock	(6,726)	(4,871)
Net cash provided by financing activities	161,859	153,099
Net increase (decrease) in cash and cash equivalents	(49,247)	20,875
Cash and cash equivalents at beginning of period	203,285	194,098
Cash and cash equivalents at end of period	154,038	214,973
Supplemental disclosures of cash flow information:
Interest paid	4,559	4,916
Income taxes paid	12,625	9,027
Supplemental disclosures of non-cash investment activities:
Loans transferred to loans held-for-sale	458	5,351
Loans transferred to other real estate owned	151	905
Right of use assets obtained in exchange for lease obligations	$ 2,007	$ 1,247

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies	9 Months Ended
	Sep. 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 PCB Bank (the “Bank”), which is a single operating segment. The Company changed its subsidiary name from Pacific City Bank to PCB Bank on August 25, 2022. As of September 30, 2022, the Bank operated 11 full-service branches in Los Angeles and Orange counties, California, two full-service branches in Bergen County, New Jersey, and one full-service branch in each of Dallas, Texas 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 nine months ended September 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 September 30, 2022 and December 31, 2021, and for the three and nine months ended September 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. Adopted Accounting Pronouncements During the nine months ended September 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 completed its parallel-run during the three months ended September 30, 2022. During the fourth quarter of 2022, the Company will continue to analyze model results, review qualitative factors, update the allowance documentation, and address any gaps arising from internal reviews, model validation, and implementation testing. Based on the Company’s current 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	9 Months Ended
	Sep. 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 September 30, 2022 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ — $ 88,302 $ — $ 88,302 Residential collateralized mortgage obligations — 22,701 — 22,701 SBA loan pool securities — 9,816 — 9,816 Municipal bonds — 4,020 — 4,020 Corporate bonds — 4,562 — 4,562 Total securities available-for-sale — 129,401 — 129,401 Total assets measured at fair value on a recurring basis $ — $ 129,401 $ — $ 129,401 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 September 30, 2022 Impaired loans: Commercial lines of credit $ — $ — $ 4,000 $ 4,000 Total impaired loans — — 4,000 4,000 Total assets measured at fair value on a non-recurring basis $ — $ — $ 4,000 $ 4,000 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) September 30, 2022 Impaired loans: Commercial lines of credit $ 4,000 Pending Sales Agreement NM NM 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 September 30, Nine Months Ended September 30, ($ in thousands) 2022 2021 2022 2021 Collateral dependent impaired loans: SBA property $ — $ — $ — $ (2) Commercial lines of credit — — — 136 SBA commercial term — — — (5) Other real estate owned 152 — 152 74 Net gains (losses) recognized $ 152 $ — $ 152 $ 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 September 30, 2022 Financial assets: Interest-bearing deposits in other financial institutions $ 131,786 $ 131,786 $ 131,786 $ — $ — Securities available-for-sale 129,401 129,401 — 129,401 — Loans held-for-sale 18,982 20,396 — 20,396 — Net loans held-for-investment 1,935,476 1,895,488 — — 1,895,488 Federal Home Loan Bank (“FHLB”) and other restricted stock 10,183 N/A N/A N/A N/A Accrued interest receivable 6,070 6,070 90 334 5,646 Financial liabilities: Deposits $ 1,978,098 $ 1,971,950 $ — $ — $ 1,971,950 Accrued interest payable 1,020 1,020 — — 1,020 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	9 Months Ended
	Sep. 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 September 30, 2022 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ 101,233 $ 1 $ (12,932) $ 88,302 Residential collateralized mortgage obligations 24,486 8 (1,793) 22,701 SBA loan pool securities 10,244 14 (442) 9,816 Municipal bonds 4,264 1 (245) 4,020 Corporate bonds 5,000 — (438) 4,562 Total securities available-for-sale $ 145,227 $ 24 $ (15,850) $ 129,401 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 September 30, 2022 and December 31, 2021, pledged securities were $66.4 million and $110.9 million, respectively. These securities were pledged for the State Deposit from the California State Treasurer. The following table presents the amortized cost and fair value of the securities available-for-sale by contractual maturity as of the date indicated. Expected maturities may differ from contractual maturities, if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately. September 30, 2022 ($ in thousands) Amortized Cost Fair Value Within one year $ 963 $ 952 One to five years 871 865 Five to ten years 5,081 4,637 Greater than ten years 2,349 2,128 Residential mortgage-backed securities, residential collateralized mortgage obligations and SBA loan pool securities 135,963 120,819 Total $ 145,227 $ 129,401 The following table presents proceeds from sales and calls of securities available-for-sale and the associated gross gains and losses realized through earnings upon the sales and calls of securities available-for-sale for the periods indicated: Three Months Ended September 30, Nine Months Ended September 30, ($ in thousands) 2022 2021 2022 2021 Gross realized gains on sales and calls of securities available-for-sale $ — $ — $ — $ — Gross realized losses on sales and calls of securities available-for-sale — — — — Net realized gains (losses) on sales and calls of securities available-for-sale $ — $ — $ — $ — Proceeds from sales and calls of securities available-for-sale $ 1,040 $ — $ 1,040 $ — Tax expense on sales and calls of securities available-for-sale $ — $ — $ — $ — The following table summarizes the investment securities with unrealized losses by security type and length of time in a continuous unrealized loss position as of the dates indicated: Length of Time that Individual Securities Have Been In a Continuous Unrealized Loss Position Less Than 12 Months 12 Months or Longer Total ($ in thousands) Fair Value Gross Unrealized Losses Number of Securities Fair Value Gross Unrealized Losses Number of Securities Fair Value Gross Unrealized Losses Number of Securities September 30, 2022 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ 45,595 $ (4,591) 82 $ 42,667 $ (8,341) 32 $ 88,262 $ (12,932) 114 Residential collateralized mortgage obligations 14,956 (1,348) 35 1,701 (445) 2 16,657 (1,793) 37 SBA loan pool securities 6,233 (441) 11 83 (1) 1 6,316 (442) 12 Municipal bonds 3,520 (245) 12 — — — 3,520 (245) 12 Corporate bonds 4,562 (438) 1 — — — 4,562 (438) 1 Total securities available-for-sale $ 74,866 $ (7,063) 141 $ 44,451 $ (8,787) 35 $ 119,317 $ (15,850) 176 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 September 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 September 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 nine months ended September 30, 2022 and 2021.

Loans and Allowance for Loan Lo

Loans and Allowance for Loan Losses	9 Months Ended
	Sep. 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) September 30, 2022 December 31, 2021 Real estate loans: Commercial property $ 1,271,781 $ 1,105,843 Residential property 297,506 209,485 SBA property 136,088 129,661 Construction 14,592 8,252 Total real estate loans 1,719,967 1,453,241 Commercial and industrial loans: Commercial term 80,225 73,438 Commercial lines of credit 117,960 100,936 SBA commercial term 16,542 17,640 SBA PPP 1,309 65,329 Total commercial and industrial loans 216,036 257,343 Other consumer loans 23,234 21,621 Loans held-for-investment 1,959,237 1,732,205 Allowance for loan losses (23,761) (22,381) Net loans held-for-investment $ 1,935,476 $ 1,709,824 The Company had no loans under modified terms related to the COVID-19 pandemic as of September 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 September 30, 2022 and December 31, 2021, the Company had $114 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 July 1, 2022 $ 16,591 $ 4,275 $ 205 $ 21,071 Charge-offs — (1,078) (34) (1,112) Recoveries on loans previously charged off — 21 28 49 Provision for loan losses 1,758 1,966 29 3,753 Balance at September 30, 2022 $ 18,349 $ 5,184 $ 228 $ 23,761 Balance at July 1, 2021 $ 18,672 $ 5,866 $ 351 $ 24,889 Charge-offs — (84) (43) (127) Recoveries on loans previously charged off — 94 4 98 Provision (reversal) for loan losses (733) (336) 16 (1,053) Balance at September 30, 2021 $ 17,939 $ 5,540 $ 328 $ 23,807 ($ in thousands) Real Estate Commercial and Industrial Other Consumer Total Balance at January 1, 2022 $ 16,797 $ 5,310 $ 274 $ 22,381 Charge-offs — (1,095) (76) (1,171) Recoveries on loans previously charged off — 44 54 98 Provision (reversal) for loan losses 1,552 925 (24) 2,453 Balance at September 30, 2022 $ 18,349 $ 5,184 $ 228 $ 23,761 Balance at January 1, 2021 $ 18,894 $ 7,222 $ 394 $ 26,510 Charge-offs (18) (100) (87) (205) Recoveries on loans previously charged off 47 553 36 636 Reversal for loan losses (984) (2,135) (15) (3,134) Balance at September 30, 2021 $ 17,939 $ 5,540 $ 328 $ 23,807 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 September 30, 2022 Allowance for loan losses: Individually evaluated for impairment $ — $ — $ — $ — Collectively evaluated for impairment 18,349 5,184 228 23,761 Total $ 18,349 $ 5,184 $ 228 $ 23,761 Loans receivable: Individually evaluated for impairment $ 3,910 $ 4,003 $ — $ 7,913 Collectively evaluated for impairment 1,716,057 212,033 23,234 1,951,324 Total $ 1,719,967 $ 216,036 $ 23,234 $ 1,959,237 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 September 30, 2022 Real estate loans: Commercial property $ 1,265,366 $ 3,283 $ 3,132 $ — $ 1,271,781 Residential property 297,134 — 372 — 297,506 SBA property 134,133 248 1,707 — 136,088 Construction 14,592 — — — 14,592 Commercial and industrial loans: Commercial term 77,855 1,355 1,015 — 80,225 Commercial lines of credit 112,859 1,100 4,001 — 117,960 SBA commercial term 16,501 — 41 — 16,542 SBA PPP 1,309 — — — 1,309 Other consumer loans 23,209 — 25 — 23,234 Total $ 1,942,958 $ 5,986 $ 10,293 $ — $ 1,959,237 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 September 30, 2022 Real estate loans: Commercial property $ — $ — $ — $ 2,444 $ 2,444 Residential property — — — 372 372 SBA property 50 192 — 552 794 Commercial and industrial loans: Commercial term — — — 3 3 Commercial lines of credit — — — 4,000 4,000 SBA commercial term 3 — — — 3 Other consumer loans 162 3 — 25 190 Total $ 215 $ 195 $ — $ 7,396 $ 7,806 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 September 30, 2022 and December 31, 2021. The increase in nonaccrual loans was primarily due to single credit relationship. 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 September 30, 2022 Real estate loans: Commercial property $ 2,776 $ 2,772 $ — $ — $ — Residential property 387 372 — — — SBA property 778 812 — — — Commercial and industrial loans: Commercial term 3 3 — — — Commercial lines of credit 4,034 5,074 — — — Total $ 7,978 $ 7,959 $ — $ — $ — 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 September 30, 2022 2021 ($ in thousands) Average Recorded Investment Interest Income Average Recorded Investment Interest Income Real estate loans: Commercial property $ 2,772 $ 5 $ 329 $ 6 Residential property 225 — — — SBA property 783 4 1,026 3 Commercial and industrial loans: Commercial term — — 8 — Commercial lines of credit 4,537 — — — SBA commercial term 95 — 327 — Total $ 8,412 $ 9 $ 1,690 $ 9 Nine Months Ended September 30, 2022 2021 ($ in thousands) Average Recorded Investment Interest Income Average Recorded Investment Interest Income Real estate loans: Commercial property $ 1,140 $ 16 $ 330 $ 17 Residential property 381 — — — SBA property 881 10 1,140 13 Commercial and industrial loans: Commercial term — — 12 — Commercial lines of credit 1,512 — — — SBA commercial term 168 — 410 1 Total $ 4,082 $ 26 $ 1,892 $ 31 The following presents a summary of interest foregone on impaired loans for the periods indicated: Three Months Ended September 30, Nine Months Ended September 30, ($ in thousands) 2022 2021 2022 2021 Interest income that would have been recognized had impaired loans performed in accordance with their original terms $ 109 $ 23 $ 159 $ 78 Less: interest income recognized on impaired loans on a cash basis (9) (9) (26) (31) Interest income foregone on impaired loans $ 100 $ 14 $ 133 $ 47 Troubled Debt Restructurings The following table presents the composition of loans that were modified as TDRs by portfolio segment as of the dates indicated: September 30, 2022 December 31, 2021 ($ in thousands) Accruing Nonaccrual Total Accruing Nonaccrual Total Real estate loans: Commercial property $ 320 $ — $ 320 $ 326 $ — $ 326 SBA property 222 7 229 242 17 259 Commercial and industrial loans: Commercial term — — — 2 — 2 SBA commercial term — — — 6 — 6 Total $ 542 $ 7 $ 549 $ 576 $ 17 $ 593 There were no new loans that were modified as TDRs for the three and nine months ended September 30, 2022 and 2021. The Company had no commitments to lend to customers with outstanding loans that were classified as TDRs as of September 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 September 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 during the three and nine months ended September 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 September 30, Nine Months Ended September 30, ($ in thousands) 2022 2021 2022 2021 Real estate loans: Commercial property $ — $ 3,452 $ — $ 5,162 Residential property 458 — 458 189 Total $ 458 $ 3,452 $ 458 $ 5,351 The Company had no loans that were transferred from loans held-for-sale to loans held-for investment during the three and nine months ended September 30, 2022 and 2021. The following table presents a summary of purchases of loans held-for-investment for the periods indicated: Three Months Ended September 30, Nine Months Ended September 30, ($ in thousands) 2022 2021 2022 2021 Real estate loans: Residential property $ — $ 803 $ — $ 1,439 Total $ — $ 803 $ — $ 1,439 Loans Held-For-Sale The following table presents a composition of loans held-for-sale as of the dates indicated: ($ in thousands) September 30, 2022 December 31, 2021 Real estate loans: SBA property $ 15,981 $ 33,603 Commercial and industrial loans: SBA commercial term 3,001 3,423 Total $ 18,982 $ 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	9 Months Ended
	Sep. 30, 2022
Transfers and Servicing [Abstract]
Servicing Assets	Servicing Assets At September 30, 2022 and December 31, 2021, total servicing assets were $7.6 million and $7.3 million, respectively. The Company sells SBA loans and certain residential property loans with servicing retained. The Company sold loans of $27.3 million and $45.0 million, respectively, with the servicing rights retained and recognized a net gain on sale of $1.4 million and $4.3 million, respectively, during the three months ended September 30, 2022 and 2021. During the nine months ended September 30, 2022 and 2021, the Company sold loans of $105.4 million and $90.1 million, respectively, with the servicing rights retained and recognized a net gain on sale of $7.2 million and $9.4 million, respectively. Loan servicing income was $780 thousand and $655 thousand for the three months ended September 30, 2022 and 2021. For the nine months ended September 30, 2022 and 2021, loan servicing income was $2.2 million and $2.1 million, respectively. The following table presents the composition of servicing assets with key assumptions used to estimate the fair value as of the dates indicated: September 30, 2022 December 31, 2021 ($ in thousands) Residential Property SBA Property SBA Commercial Term Residential Property SBA Property SBA Commercial Term Carrying amount $ 66 $ 7,106 $ 455 $ 86 $ 6,701 $ 482 Fair value $ 106 $ 9,144 $ 634 $ 126 $ 11,196 $ 734 Discount rate 7.73 % 11.47 % 12.55 % 6.33 % 8.75 % 9.64 % Prepayment speed 20.90 % 14.89 % 16.68 % 24.40 % 9.80 % 12.77 % Weighted average remaining life 21.0 years 21.5 years 6.6 years 21.9 years 21.4 years 6.2 years Underlying loans being serviced $ 13,497 $ 469,507 $ 55,900 $ 17,443 $ 442,424 $ 59,839 The following tables present activity in servicing assets for the periods indicated: Three Months Ended September 30, 2022 2021 ($ in thousands) Residential Property SBA Property SBA Commercial Term Residential Property SBA Property SBA Commercial Term Balance at beginning of period $ 72 $ 7,193 $ 451 $ 96 $ 5,800 $ 586 Additions — 370 64 — 1,040 13 Amortization (6) (457) (60) (9) (442) (75) Balance at end of period $ 66 $ 7,106 $ 455 $ 87 $ 6,398 $ 524 Nine Months Ended September 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 — 1,784 158 — 2,021 84 Amortization (20) (1,379) (185) (22) (1,265) (209) Balance at end of period $ 66 $ 7,106 $ 455 $ 87 $ 6,398 $ 524

Other Real Estate Owned

Other Real Estate Owned	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, ($ in thousands) 2022 2021 2022 2021 Balance at beginning of period $ 808 $ — $ — $ 1,401 Additions — — 808 1,960 Sales (808) — (808) (3,361) Net change in valuation allowance — — — — Balance at end of period $ — $ — $ — $ — The following table presents activity in OREO valuation allowance for the periods indicated: Three Months Ended September 30, Nine Months Ended September 30, ($ in thousands) 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 September 30, Nine Months Ended September 30, ($ in thousands) 2022 2021 2022 2021 Net gain on sales $ (152) $ — $ (152) $ (73) Operating expenses, net of rental income 10 — 13 81 Total $ (142) $ — $ (139) $ 8 The Company did not provide loans to finance the sale of its OREO property during the three and nine months ended September 30, 2022 or 2021.

Operating Leases

Operating Leases	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, ($ in thousands) 2022 2021 2022 2021 Operating lease cost (1) $ 705 $ 611 $ 2,029 $ 1,913 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 755 $ 654 $ 2,182 $ 2,051 Right of use assets obtained in exchange for lease obligations $ 1,043 $ 1,111 $ 2,007 $ 1,247 (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) September 30, 2022 December 31, 2021 Operating leases: Operating lease assets $ 6,897 $ 6,786 Operating lease liabilities $ 7,402 $ 7,444 Weighted-average remaining lease term 4.4 years 4.0 years Weighted-average discount rate 2.60 % 2.36 % The following table presents maturities of operating lease liabilities as of the date indicated: ($ in thousands) September 30, 2022 Maturities: 2022 $ 787 2023 2,668 2024 1,237 2025 1,146 2026 860 After 2026 1,267 Total lease payment 7,965 Imputed Interest (563) Present value of operating lease liabilities $ 7,402

Federal Home Loan Bank Advances

Federal Home Loan Bank Advances and Other Borrowings	9 Months Ended
	Sep. 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 September 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 Bank repaid the advance upon maturity. At September 30, 2022 and December 31, 2021, loans pledged to secure borrowings from the FHLB were $1.08 billion 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 September 30, 2022 and December 31, 2021, respectively. The Company had additional borrowing capacity of $586.1 million and $516.2 million from the FHLB as of September 30, 2022 and December 31, 2021, respectively. Other Borrowing Arrangements At September 30, 2022, the Company had $29.1 million of unused borrowing capacity from the Federal Reserve Discount Window, to which the Company pledged loans with a carrying value of $37.4 million with no outstanding borrowings. In addition, the Company may borrow up to approximately $65.0 million overnight federal funds lines with correspondent financial institutions at September 30, 2022.

Shareholders_ Equity

Shareholders’ Equity	9 Months Ended
	Sep. 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. 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, which represented 747,938 shares, through February 1, 2023. The Company repurchased and retired 119,941 shares of common stock at a weighted-average price of $18.75 per share, totaling $2.2 million under this repurchase program through September 30, 2022.

Share-Based Compensation

Share-Based Compensation	9 Months Ended
	Sep. 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 September 30, 2022, there were 411,670 shares available for future grants. Share-Based Compensation Expense The following table presents share-based compensation expense and the related tax benefits for the periods indicated: Three Months Ended September 30, Nine Months Ended September 30, ($ in thousands) 2022 2021 2022 2021 Share-based compensation expense related to: Stock options $ 40 $ 52 $ 130 $ 130 Restricted stock awards 95 64 288 193 Total share-based compensation expense $ 135 $ 116 $ 418 $ 323 Related tax benefits $ 29 $ 21 $ 89 $ 62 The following table presents unrecognized share-based compensation expense as of the date indicated: September 30, 2022 ($ in thousands) Unrecognized Expense Weighted-Average Remaining Expected Recognition Period Unrecognized share-based compensation expense related to: Stock options $ 357 3.2 years Restricted stock awards 846 3.0 years Total unrecognized share-based compensation expense $ 1,203 3.0 years Stock Options The following tables represent stock option activity for the periods indicated: Three Months Ended September 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 595,637 $ 12.34 4.5 years $ 3,776 Exercised (14,050) $ 12.11 3.87 years Outstanding at end of period 581,587 $ 12.35 4.26 years $ 3,469 Exercisable at end of period 480,587 $ 10.95 3.39 years $ 3,422 Nine Months Ended September 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 (80,185) $ 9.19 2.47 years Forfeited (1,000) $ 15.50 5.53 years Outstanding at end of period 581,587 $ 12.35 4.26 years $ 3,469 Exercisable at end of period 480,587 $ 10.95 3.39 years $ 3,422 The following table represents information regarding unvested stock options for the periods indicated: Three Months Ended September 30, 2022 Nine Months Ended September 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 114,000 $ 18.63 107,099 $ 16.70 Granted — $ — 30,000 $ 22.61 Vested (13,000) $ 15.79 (35,099) $ 15.19 Forfeited — $ — (1,000) $ 15.50 Outstanding at end of period 101,000 $ 18.99 101,000 $ 18.99 Restricted Stock Awards The following table represents RSA activity for the periods indicated: Three Months Ended September 30, 2022 Nine Months Ended September 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 2,700 $ 18.95 27,700 $ 21.67 Vested (9,500) $ 16.67 (20,762) $ 13.25 Forfeited — $ — (200) $ 17.09 Outstanding at end of period 62,022 $ 16.59 62,022 $ 16.59

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income tax expense was $2.8 million and $4.6 million, respectively, and the effective tax rate was 28.7% and 29.5%, respectively, for the three months ended September 30, 2022 and 2021. For the nine months ended September 30, 2022 and 2021, income tax expense was $10.7 million and $12.3 million, respectively, and the effective tax rate was 29.0% and 29.5%, respectively. At September 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 September 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	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, ($ in thousands, except per share) 2022 2021 2022 2021 Basic earnings per share: Net income $ 6,953 $ 11,023 $ 26,285 $ 29,427 Less: income allocated to unvested restricted stock (30) (43) (120) (116) Net income allocated to common stock $ 6,923 $ 10,980 $ 26,165 $ 29,311 Weighted-average total common shares outstanding 14,943,027 14,837,000 14,938,160 15,150,635 Less: weighted-average unvested restricted stock (65,148) (57,293) (68,163) (59,646) Weighted-average common shares outstanding, basic 14,877,879 14,779,707 14,869,997 15,090,989 Basic earnings per share $ 0.47 $ 0.74 $ 1.76 $ 1.94 Diluted earnings per share: Net income allocated to common stock $ 6,923 $ 10,980 $ 26,165 $ 29,311 Weighted-average common shares outstanding, basic 14,877,879 14,779,707 14,869,997 15,090,989 Diluted effect of stock options 210,210 251,851 256,866 207,076 Weighted-average common shares outstanding, diluted 15,088,089 15,031,558 15,126,863 15,298,065 Diluted earnings per share $ 0.46 $ 0.73 $ 1.73 $ 1.92 There were 65,000 and 50,000 stock options excluded in computing diluted EPS because they were anti-dilutive for three months ended September 30, 2022 and 2021, respectively. For the nine months ended September 30, 2022 and 2021, there were 65,000 and 104,000 stock options excluded in computing diluted EPS because they were anti-dilutive.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 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: September 30, 2022 December 31, 2021 ($ in thousands) Fixed Rate Variable Rate Fixed Rate Variable Rate Unused lines of credit $ 55,173 $ 199,565 $ 8,261 $ 160,739 Unfunded loan commitments 847 35,822 595 29,688 Standby letters of credit 3,093 1,701 3,078 1,431 Commercial letters of credit 112 190 91 524 Total $ 59,225 $ 237,278 $ 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 $242 thousand and $214 thousand, respectively, at September 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. 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 nine months ended September 30, 2022.

Regulatory Matters

Regulatory Matters	9 Months Ended
	Sep. 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 September 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 $3 billion asset level, it will again be subject to capital measurements independent of the Bank. For comparison purposes, the Company’s ratios are included in the following discussion as well, all of which would have exceeded the “well-capitalized” level had the Company been subject to separate capital minimums. The Company and the Bank’s capital conservation buffer was 9.19% and 10.02%, respectively, as of September 30, 2022, and 8.04% and 7.73%, respectively, as of December 31, 2021. Unrealized gain or loss on securities available-for-sale is not included in computing regulatory capital. The following table presents the regulatory capital amounts and ratios for the Company and the Bank as of dates indicated: Actual Minimum Capital Requirement To Be Well Capitalized Under Prompt Corrective Provisions ($ in thousands) Amount Ratio Amount Ratio Amount Ratio September 30, 2022 PCB Bancorp Common tier 1 capital (to risk-weighted assets) $ 274,134 13.69 % $ 90,114 4.5 % N/A N/A Total capital (to risk-weighted assets) 367,278 18.34 % 160,202 8.0 % N/A N/A Tier 1 capital (to risk-weighted assets) 343,275 17.14 % 120,152 6.0 % N/A N/A Tier 1 capital (to average assets) 343,275 14.74 % 93,152 4.0 % N/A N/A PCB Bank Common tier 1 capital (to risk-weighted assets) $ 336,853 16.82 % $ 90,111 4.5 % $ 130,160 6.5 % Total capital (to risk-weighted assets) 360,856 18.02 % 160,196 8.0 % 200,246 10.0 % Tier 1 capital (to risk-weighted assets) 336,853 16.82 % 120,147 6.0 % 160,196 8.0 % Tier 1 capital (to average assets) 336,853 14.47 % 93,149 4.0 % 116,436 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 PCB 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	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, ($ in thousands) 2022 2021 2022 2021 Noninterest income in-scope of Topic 606 Service charges and fees on deposits: Monthly service fees $ 24 $ 21 $ 67 $ 60 Account analysis fees 243 220 690 649 Non-sufficient funds charges 53 35 157 130 Other deposit related fees 21 16 60 48 Total service charges and fees on deposits 341 292 974 887 Debit card fees 87 86 256 222 Gain (loss) on sale of other real estate owned 152 — 152 74 Wire transfer fees 159 159 484 435 Other service charges 48 50 140 150 Total $ 787 $ 587 $ 2,006 $ 1,768

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2022
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Dividend Declared on Common Stock. On October 27, 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 November 18, 2022, to shareholders of record as of the close of business on November 10, 2022. The Company has evaluated the effects of events that have occurred subsequent to September 30, 2022 through the issuance date of these consolidated financial statements (unaudited). Other than the event described above, there have been no material events that would require disclosure in the consolidated financial statements or in the notes to the consolidated financial statements.

Basis of Presentation and Sig_2

Basis of Presentation and Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 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 nine months ended September 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 September 30, 2022 and December 31, 2021, and for the three and nine months ended September 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.
Adopted Accounting Pronouncements and Recent Accounting Pronouncements Not Yet Adopted	Adopted Accounting Pronouncements During the nine months ended September 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 completed its parallel-run during the three months ended September 30, 2022. During the fourth quarter of 2022, the Company will continue to analyze model results, review qualitative factors, update the allowance documentation, and address any gaps arising from internal reviews, model validation, and implementation testing. Based on the Company’s current 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)	9 Months Ended
	Sep. 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 September 30, 2022 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ — $ 88,302 $ — $ 88,302 Residential collateralized mortgage obligations — 22,701 — 22,701 SBA loan pool securities — 9,816 — 9,816 Municipal bonds — 4,020 — 4,020 Corporate bonds — 4,562 — 4,562 Total securities available-for-sale — 129,401 — 129,401 Total assets measured at fair value on a recurring basis $ — $ 129,401 $ — $ 129,401 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 September 30, 2022 Impaired loans: Commercial lines of credit $ — $ — $ 4,000 $ 4,000 Total impaired loans — — 4,000 4,000 Total assets measured at fair value on a non-recurring basis $ — $ — $ 4,000 $ 4,000 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) September 30, 2022 Impaired loans: Commercial lines of credit $ 4,000 Pending Sales Agreement NM NM 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 September 30, Nine Months Ended September 30, ($ in thousands) 2022 2021 2022 2021 Collateral dependent impaired loans: SBA property $ — $ — $ — $ (2) Commercial lines of credit — — — 136 SBA commercial term — — — (5) Other real estate owned 152 — 152 74 Net gains (losses) recognized $ 152 $ — $ 152 $ 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 September 30, 2022 Financial assets: Interest-bearing deposits in other financial institutions $ 131,786 $ 131,786 $ 131,786 $ — $ — Securities available-for-sale 129,401 129,401 — 129,401 — Loans held-for-sale 18,982 20,396 — 20,396 — Net loans held-for-investment 1,935,476 1,895,488 — — 1,895,488 Federal Home Loan Bank (“FHLB”) and other restricted stock 10,183 N/A N/A N/A N/A Accrued interest receivable 6,070 6,070 90 334 5,646 Financial liabilities: Deposits $ 1,978,098 $ 1,971,950 $ — $ — $ 1,971,950 Accrued interest payable 1,020 1,020 — — 1,020 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)	9 Months Ended
	Sep. 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 September 30, 2022 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ 101,233 $ 1 $ (12,932) $ 88,302 Residential collateralized mortgage obligations 24,486 8 (1,793) 22,701 SBA loan pool securities 10,244 14 (442) 9,816 Municipal bonds 4,264 1 (245) 4,020 Corporate bonds 5,000 — (438) 4,562 Total securities available-for-sale $ 145,227 $ 24 $ (15,850) $ 129,401 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. September 30, 2022 ($ in thousands) Amortized Cost Fair Value Within one year $ 963 $ 952 One to five years 871 865 Five to ten years 5,081 4,637 Greater than ten years 2,349 2,128 Residential mortgage-backed securities, residential collateralized mortgage obligations and SBA loan pool securities 135,963 120,819 Total $ 145,227 $ 129,401
Realized Gain (Loss) on Investments	The following table presents proceeds from sales and calls of securities available-for-sale and the associated gross gains and losses realized through earnings upon the sales and calls of securities available-for-sale for the periods indicated: Three Months Ended September 30, Nine Months Ended September 30, ($ in thousands) 2022 2021 2022 2021 Gross realized gains on sales and calls of securities available-for-sale $ — $ — $ — $ — Gross realized losses on sales and calls of securities available-for-sale — — — — Net realized gains (losses) on sales and calls of securities available-for-sale $ — $ — $ — $ — Proceeds from sales and calls of securities available-for-sale $ 1,040 $ — $ 1,040 $ — Tax expense on sales and calls of securities available-for-sale $ — $ — $ — $ —
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 September 30, 2022 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ 45,595 $ (4,591) 82 $ 42,667 $ (8,341) 32 $ 88,262 $ (12,932) 114 Residential collateralized mortgage obligations 14,956 (1,348) 35 1,701 (445) 2 16,657 (1,793) 37 SBA loan pool securities 6,233 (441) 11 83 (1) 1 6,316 (442) 12 Municipal bonds 3,520 (245) 12 — — — 3,520 (245) 12 Corporate bonds 4,562 (438) 1 — — — 4,562 (438) 1 Total securities available-for-sale $ 74,866 $ (7,063) 141 $ 44,451 $ (8,787) 35 $ 119,317 $ (15,850) 176 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)	9 Months Ended
	Sep. 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) September 30, 2022 December 31, 2021 Real estate loans: Commercial property $ 1,271,781 $ 1,105,843 Residential property 297,506 209,485 SBA property 136,088 129,661 Construction 14,592 8,252 Total real estate loans 1,719,967 1,453,241 Commercial and industrial loans: Commercial term 80,225 73,438 Commercial lines of credit 117,960 100,936 SBA commercial term 16,542 17,640 SBA PPP 1,309 65,329 Total commercial and industrial loans 216,036 257,343 Other consumer loans 23,234 21,621 Loans held-for-investment 1,959,237 1,732,205 Allowance for loan losses (23,761) (22,381) Net loans held-for-investment $ 1,935,476 $ 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 July 1, 2022 $ 16,591 $ 4,275 $ 205 $ 21,071 Charge-offs — (1,078) (34) (1,112) Recoveries on loans previously charged off — 21 28 49 Provision for loan losses 1,758 1,966 29 3,753 Balance at September 30, 2022 $ 18,349 $ 5,184 $ 228 $ 23,761 Balance at July 1, 2021 $ 18,672 $ 5,866 $ 351 $ 24,889 Charge-offs — (84) (43) (127) Recoveries on loans previously charged off — 94 4 98 Provision (reversal) for loan losses (733) (336) 16 (1,053) Balance at September 30, 2021 $ 17,939 $ 5,540 $ 328 $ 23,807 ($ in thousands) Real Estate Commercial and Industrial Other Consumer Total Balance at January 1, 2022 $ 16,797 $ 5,310 $ 274 $ 22,381 Charge-offs — (1,095) (76) (1,171) Recoveries on loans previously charged off — 44 54 98 Provision (reversal) for loan losses 1,552 925 (24) 2,453 Balance at September 30, 2022 $ 18,349 $ 5,184 $ 228 $ 23,761 Balance at January 1, 2021 $ 18,894 $ 7,222 $ 394 $ 26,510 Charge-offs (18) (100) (87) (205) Recoveries on loans previously charged off 47 553 36 636 Reversal for loan losses (984) (2,135) (15) (3,134) Balance at September 30, 2021 $ 17,939 $ 5,540 $ 328 $ 23,807 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 September 30, 2022 Allowance for loan losses: Individually evaluated for impairment $ — $ — $ — $ — Collectively evaluated for impairment 18,349 5,184 228 23,761 Total $ 18,349 $ 5,184 $ 228 $ 23,761 Loans receivable: Individually evaluated for impairment $ 3,910 $ 4,003 $ — $ 7,913 Collectively evaluated for impairment 1,716,057 212,033 23,234 1,951,324 Total $ 1,719,967 $ 216,036 $ 23,234 $ 1,959,237 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 September 30, 2022 Real estate loans: Commercial property $ 1,265,366 $ 3,283 $ 3,132 $ — $ 1,271,781 Residential property 297,134 — 372 — 297,506 SBA property 134,133 248 1,707 — 136,088 Construction 14,592 — — — 14,592 Commercial and industrial loans: Commercial term 77,855 1,355 1,015 — 80,225 Commercial lines of credit 112,859 1,100 4,001 — 117,960 SBA commercial term 16,501 — 41 — 16,542 SBA PPP 1,309 — — — 1,309 Other consumer loans 23,209 — 25 — 23,234 Total $ 1,942,958 $ 5,986 $ 10,293 $ — $ 1,959,237 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 September 30, 2022 Real estate loans: Commercial property $ — $ — $ — $ 2,444 $ 2,444 Residential property — — — 372 372 SBA property 50 192 — 552 794 Commercial and industrial loans: Commercial term — — — 3 3 Commercial lines of credit — — — 4,000 4,000 SBA commercial term 3 — — — 3 Other consumer loans 162 3 — 25 190 Total $ 215 $ 195 $ — $ 7,396 $ 7,806 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 September 30, 2022 Real estate loans: Commercial property $ 2,776 $ 2,772 $ — $ — $ — Residential property 387 372 — — — SBA property 778 812 — — — Commercial and industrial loans: Commercial term 3 3 — — — Commercial lines of credit 4,034 5,074 — — — Total $ 7,978 $ 7,959 $ — $ — $ — 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 September 30, 2022 2021 ($ in thousands) Average Recorded Investment Interest Income Average Recorded Investment Interest Income Real estate loans: Commercial property $ 2,772 $ 5 $ 329 $ 6 Residential property 225 — — — SBA property 783 4 1,026 3 Commercial and industrial loans: Commercial term — — 8 — Commercial lines of credit 4,537 — — — SBA commercial term 95 — 327 — Total $ 8,412 $ 9 $ 1,690 $ 9 Nine Months Ended September 30, 2022 2021 ($ in thousands) Average Recorded Investment Interest Income Average Recorded Investment Interest Income Real estate loans: Commercial property $ 1,140 $ 16 $ 330 $ 17 Residential property 381 — — — SBA property 881 10 1,140 13 Commercial and industrial loans: Commercial term — — 12 — Commercial lines of credit 1,512 — — — SBA commercial term 168 — 410 1 Total $ 4,082 $ 26 $ 1,892 $ 31 The following presents a summary of interest foregone on impaired loans for the periods indicated: Three Months Ended September 30, Nine Months Ended September 30, ($ in thousands) 2022 2021 2022 2021 Interest income that would have been recognized had impaired loans performed in accordance with their original terms $ 109 $ 23 $ 159 $ 78 Less: interest income recognized on impaired loans on a cash basis (9) (9) (26) (31) Interest income foregone on impaired loans $ 100 $ 14 $ 133 $ 47
Modified TDRs by Portfolio Segment	The following table presents the composition of loans that were modified as TDRs by portfolio segment as of the dates indicated: September 30, 2022 December 31, 2021 ($ in thousands) Accruing Nonaccrual Total Accruing Nonaccrual Total Real estate loans: Commercial property $ 320 $ — $ 320 $ 326 $ — $ 326 SBA property 222 7 229 242 17 259 Commercial and industrial loans: Commercial term — — — 2 — 2 SBA commercial term — — — 6 — 6 Total $ 542 $ 7 $ 549 $ 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 September 30, Nine Months Ended September 30, ($ in thousands) 2022 2021 2022 2021 Real estate loans: Commercial property $ — $ 3,452 $ — $ 5,162 Residential property 458 — 458 189 Total $ 458 $ 3,452 $ 458 $ 5,351 The following table presents a summary of purchases of loans held-for-investment for the periods indicated: Three Months Ended September 30, Nine Months Ended September 30, ($ in thousands) 2022 2021 2022 2021 Real estate loans: Residential property $ — $ 803 $ — $ 1,439 Total $ — $ 803 $ — $ 1,439 The following table presents a composition of loans held-for-sale as of the dates indicated: ($ in thousands) September 30, 2022 December 31, 2021 Real estate loans: SBA property $ 15,981 $ 33,603 Commercial and industrial loans: SBA commercial term 3,001 3,423 Total $ 18,982 $ 37,026

Servicing Assets (Tables)

Servicing Assets (Tables)	9 Months Ended
	Sep. 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: September 30, 2022 December 31, 2021 ($ in thousands) Residential Property SBA Property SBA Commercial Term Residential Property SBA Property SBA Commercial Term Carrying amount $ 66 $ 7,106 $ 455 $ 86 $ 6,701 $ 482 Fair value $ 106 $ 9,144 $ 634 $ 126 $ 11,196 $ 734 Discount rate 7.73 % 11.47 % 12.55 % 6.33 % 8.75 % 9.64 % Prepayment speed 20.90 % 14.89 % 16.68 % 24.40 % 9.80 % 12.77 % Weighted average remaining life 21.0 years 21.5 years 6.6 years 21.9 years 21.4 years 6.2 years Underlying loans being serviced $ 13,497 $ 469,507 $ 55,900 $ 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 September 30, 2022 2021 ($ in thousands) Residential Property SBA Property SBA Commercial Term Residential Property SBA Property SBA Commercial Term Balance at beginning of period $ 72 $ 7,193 $ 451 $ 96 $ 5,800 $ 586 Additions — 370 64 — 1,040 13 Amortization (6) (457) (60) (9) (442) (75) Balance at end of period $ 66 $ 7,106 $ 455 $ 87 $ 6,398 $ 524 Nine Months Ended September 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 — 1,784 158 — 2,021 84 Amortization (20) (1,379) (185) (22) (1,265) (209) Balance at end of period $ 66 $ 7,106 $ 455 $ 87 $ 6,398 $ 524

Other Real Estate Owned (Tables

Other Real Estate Owned (Tables)	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, ($ in thousands) 2022 2021 2022 2021 Balance at beginning of period $ 808 $ — $ — $ 1,401 Additions — — 808 1,960 Sales (808) — (808) (3,361) Net change in valuation allowance — — — — Balance at end of period $ — $ — $ — $ —
Real Estate Owned, Valuation Allowance	The following table presents activity in OREO valuation allowance for the periods indicated: Three Months Ended September 30, Nine Months Ended September 30, ($ in thousands) 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 September 30, Nine Months Ended September 30, ($ in thousands) 2022 2021 2022 2021 Net gain on sales $ (152) $ — $ (152) $ (73) Operating expenses, net of rental income 10 — 13 81 Total $ (142) $ — $ (139) $ 8

Operating Leases (Tables)

Operating Leases (Tables)	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, ($ in thousands) 2022 2021 2022 2021 Operating lease cost (1) $ 705 $ 611 $ 2,029 $ 1,913 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 755 $ 654 $ 2,182 $ 2,051 Right of use assets obtained in exchange for lease obligations $ 1,043 $ 1,111 $ 2,007 $ 1,247 (1) Included in Occupancy and Equipment on the Consolidated Statements of Income (Unaudited). ($ in thousands) September 30, 2022 December 31, 2021 Operating leases: Operating lease assets $ 6,897 $ 6,786 Operating lease liabilities $ 7,402 $ 7,444 Weighted-average remaining lease term 4.4 years 4.0 years Weighted-average discount rate 2.60 % 2.36 %
Maturities of Operating Lease Liabilities	The following table presents maturities of operating lease liabilities as of the date indicated: ($ in thousands) September 30, 2022 Maturities: 2022 $ 787 2023 2,668 2024 1,237 2025 1,146 2026 860 After 2026 1,267 Total lease payment 7,965 Imputed Interest (563) Present value of operating lease liabilities $ 7,402

Share-Based Compensation (Table

Share-Based Compensation (Tables)	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, ($ in thousands) 2022 2021 2022 2021 Share-based compensation expense related to: Stock options $ 40 $ 52 $ 130 $ 130 Restricted stock awards 95 64 288 193 Total share-based compensation expense $ 135 $ 116 $ 418 $ 323 Related tax benefits $ 29 $ 21 $ 89 $ 62 The following table presents unrecognized share-based compensation expense as of the date indicated: September 30, 2022 ($ in thousands) Unrecognized Expense Weighted-Average Remaining Expected Recognition Period Unrecognized share-based compensation expense related to: Stock options $ 357 3.2 years Restricted stock awards 846 3.0 years Total unrecognized share-based compensation expense $ 1,203 3.0 years
Share-based compensation, Stock Options	The following tables represent stock option activity for the periods indicated: Three Months Ended September 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 595,637 $ 12.34 4.5 years $ 3,776 Exercised (14,050) $ 12.11 3.87 years Outstanding at end of period 581,587 $ 12.35 4.26 years $ 3,469 Exercisable at end of period 480,587 $ 10.95 3.39 years $ 3,422 Nine Months Ended September 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 (80,185) $ 9.19 2.47 years Forfeited (1,000) $ 15.50 5.53 years Outstanding at end of period 581,587 $ 12.35 4.26 years $ 3,469 Exercisable at end of period 480,587 $ 10.95 3.39 years $ 3,422 The following table represents information regarding unvested stock options for the periods indicated: Three Months Ended September 30, 2022 Nine Months Ended September 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 114,000 $ 18.63 107,099 $ 16.70 Granted — $ — 30,000 $ 22.61 Vested (13,000) $ 15.79 (35,099) $ 15.19 Forfeited — $ — (1,000) $ 15.50 Outstanding at end of period 101,000 $ 18.99 101,000 $ 18.99
Summary of Nonvested Restricted Stock Awards	The following table represents RSA activity for the periods indicated: Three Months Ended September 30, 2022 Nine Months Ended September 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 2,700 $ 18.95 27,700 $ 21.67 Vested (9,500) $ 16.67 (20,762) $ 13.25 Forfeited — $ — (200) $ 17.09 Outstanding at end of period 62,022 $ 16.59 62,022 $ 16.59

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, ($ in thousands, except per share) 2022 2021 2022 2021 Basic earnings per share: Net income $ 6,953 $ 11,023 $ 26,285 $ 29,427 Less: income allocated to unvested restricted stock (30) (43) (120) (116) Net income allocated to common stock $ 6,923 $ 10,980 $ 26,165 $ 29,311 Weighted-average total common shares outstanding 14,943,027 14,837,000 14,938,160 15,150,635 Less: weighted-average unvested restricted stock (65,148) (57,293) (68,163) (59,646) Weighted-average common shares outstanding, basic 14,877,879 14,779,707 14,869,997 15,090,989 Basic earnings per share $ 0.47 $ 0.74 $ 1.76 $ 1.94 Diluted earnings per share: Net income allocated to common stock $ 6,923 $ 10,980 $ 26,165 $ 29,311 Weighted-average common shares outstanding, basic 14,877,879 14,779,707 14,869,997 15,090,989 Diluted effect of stock options 210,210 251,851 256,866 207,076 Weighted-average common shares outstanding, diluted 15,088,089 15,031,558 15,126,863 15,298,065 Diluted earnings per share $ 0.46 $ 0.73 $ 1.73 $ 1.92

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 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: September 30, 2022 December 31, 2021 ($ in thousands) Fixed Rate Variable Rate Fixed Rate Variable Rate Unused lines of credit $ 55,173 $ 199,565 $ 8,261 $ 160,739 Unfunded loan commitments 847 35,822 595 29,688 Standby letters of credit 3,093 1,701 3,078 1,431 Commercial letters of credit 112 190 91 524 Total $ 59,225 $ 237,278 $ 12,025 $ 192,382

Regulatory Matters (Tables)

Regulatory Matters (Tables)	9 Months Ended
	Sep. 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 September 30, 2022 PCB Bancorp Common tier 1 capital (to risk-weighted assets) $ 274,134 13.69 % $ 90,114 4.5 % N/A N/A Total capital (to risk-weighted assets) 367,278 18.34 % 160,202 8.0 % N/A N/A Tier 1 capital (to risk-weighted assets) 343,275 17.14 % 120,152 6.0 % N/A N/A Tier 1 capital (to average assets) 343,275 14.74 % 93,152 4.0 % N/A N/A PCB Bank Common tier 1 capital (to risk-weighted assets) $ 336,853 16.82 % $ 90,111 4.5 % $ 130,160 6.5 % Total capital (to risk-weighted assets) 360,856 18.02 % 160,196 8.0 % 200,246 10.0 % Tier 1 capital (to risk-weighted assets) 336,853 16.82 % 120,147 6.0 % 160,196 8.0 % Tier 1 capital (to average assets) 336,853 14.47 % 93,149 4.0 % 116,436 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 PCB 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)	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, ($ in thousands) 2022 2021 2022 2021 Noninterest income in-scope of Topic 606 Service charges and fees on deposits: Monthly service fees $ 24 $ 21 $ 67 $ 60 Account analysis fees 243 220 690 649 Non-sufficient funds charges 53 35 157 130 Other deposit related fees 21 16 60 48 Total service charges and fees on deposits 341 292 974 887 Debit card fees 87 86 256 222 Gain (loss) on sale of other real estate owned 152 — 152 74 Wire transfer fees 159 159 484 435 Other service charges 48 50 140 150 Total $ 787 $ 587 $ 2,006 $ 1,768

Basis of Presentation and Sig_3

Basis of Presentation and Significant Accounting Policies (Details)	Sep. 30, 2022 branch
California
Product Information [Line Items]
Number of full-service branches	11
New Jersey
Product Information [Line Items]
Number of full-service branches	2
New York
Product Information [Line Items]
Number of full-service branches	1
Texas
Product Information [Line Items]
Number of full-service branches	1

Fair Value Measurements - Asset

Fair Value Measurements - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Securities available-for-sale:
Securities available-for-sale, at fair value	$ 129,401	$ 123,198
Residential mortgage-backed securities
Securities available-for-sale:
Securities available-for-sale, at fair value	88,302	84,713
Residential collateralized mortgage obligations
Securities available-for-sale:
Securities available-for-sale, at fair value	22,701	19,056
SBA loan pool securities
Securities available-for-sale:
Securities available-for-sale, at fair value	9,816	8,672
Municipal bonds
Securities available-for-sale:
Securities available-for-sale, at fair value	4,020	5,686
Corporate bonds
Securities available-for-sale:
Securities available-for-sale, at fair value	4,562	5,071
Recurring
Securities available-for-sale:
Securities available-for-sale, at fair value	129,401	123,198
Total assets measured at fair value	129,401	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	88,302	84,713
Recurring | Residential collateralized mortgage obligations
Securities available-for-sale:
Securities available-for-sale, at fair value	22,701	19,056
Recurring | SBA loan pool securities
Securities available-for-sale:
Securities available-for-sale, at fair value	9,816	8,672
Recurring | Municipal bonds
Securities available-for-sale:
Securities available-for-sale, at fair value	4,020	5,686
Recurring | Corporate bonds
Securities available-for-sale:
Securities available-for-sale, at fair value	4,562	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	129,401	123,198
Total assets measured at fair value	129,401	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	88,302	84,713
Significant Other Observable Inputs (Level 2) | Recurring | Residential collateralized mortgage obligations
Securities available-for-sale:
Securities available-for-sale, at fair value	22,701	19,056
Significant Other Observable Inputs (Level 2) | Recurring | SBA loan pool securities
Securities available-for-sale:
Securities available-for-sale, at fair value	9,816	8,672
Significant Other Observable Inputs (Level 2) | Recurring | Municipal bonds
Securities available-for-sale:
Securities available-for-sale, at fair value	4,020	5,686
Significant Other Observable Inputs (Level 2) | Recurring | Corporate bonds
Securities available-for-sale:
Securities available-for-sale, at fair value	4,562	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	Sep. 30, 2022	Dec. 31, 2021
Impaired loans:
Total impaired loans	$ 4,000	$ 17
Total assets measured at fair value	4,000	17
Total liabilities measured at fair value on a non-recurring basis	0	0
Commercial lines of credit
Impaired loans:
Total impaired loans	4,000
SBA property
Impaired loans:
Total impaired loans		17
Quoted Prices in Active Markets for Identical Assets (Level 1)
Impaired loans:
Total impaired loans	0	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) | Commercial lines of credit
Impaired loans:
Total impaired loans	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	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) | Commercial lines of credit
Impaired loans:
Total impaired loans	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	4,000	17
Total assets measured at fair value	4,000	17
Total liabilities measured at fair value on a non-recurring basis	0	0
Significant Unobservable Inputs (Level 3) | Commercial lines of credit
Impaired loans:
Total impaired loans	$ 4,000
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 - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total impaired loans	$ 4,000	$ 17
Commercial lines of credit
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total impaired loans	4,000
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	4,000	17
Significant Unobservable Inputs (Level 3) | Commercial lines of credit
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total impaired loans	$ 4,000
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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net gains (losses) recognized	$ 152	$ 0	$ 152	$ 203
SBA property
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net gains (losses) recognized	0	0	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	$ 152	$ 0	$ 152	$ 74

Fair Value Measurements - Fair

Fair Value Measurements - Fair Values of Financial Assets and Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Financial assets:
Securities available-for-sale	$ 129,401	$ 123,198
Carrying Value
Financial assets:
Interest-bearing deposits in other financial institutions	131,786	188,063
Securities available-for-sale	129,401	123,198
Loans held-for-sale	18,982	37,026
Net loans held-for-investment	1,935,476	1,709,824
Federal Home Loan Bank (“FHLB”) and other restricted stock	10,183	8,577
Accrued interest receivable	6,070	5,368
Financial liabilities:
Deposits	1,978,098	1,867,134
FHLB advances		10,000
Accrued interest payable	1,020	771
Fair Value
Financial assets:
Interest-bearing deposits in other financial institutions	131,786	188,063
Securities available-for-sale	129,401	123,198
Loans held-for-sale	20,396	41,079
Net loans held-for-investment	1,895,488	1,725,022
Accrued interest receivable	6,070	5,368
Financial liabilities:
Deposits	1,971,950	1,867,635
FHLB advances		10,087
Accrued interest payable	1,020	771
Fair Value | Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial assets:
Interest-bearing deposits in other financial institutions	131,786	188,063
Securities available-for-sale	0	0
Loans held-for-sale	0	0
Net loans held-for-investment	0	0
Accrued interest receivable	90	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	129,401	123,198
Loans held-for-sale	20,396	41,079
Net loans held-for-investment	0	0
Accrued interest receivable	334	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	1,895,488	1,725,022
Accrued interest receivable	5,646	5,030
Financial liabilities:
Deposits	1,971,950	1,867,635
FHLB advances		0
Accrued interest payable	$ 1,020	$ 770

Investment Securities - Summary

Investment Securities - Summary of Debt and Equity Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Securities available-for-sale:
Amortized Cost	$ 145,227	$ 123,185
Gross Unrealized Gain	24	1,322
Gross Unrealized Loss	(15,850)	(1,309)
Fair Value	129,401	123,198
Asset Pledged as Collateral
Securities available-for-sale:
Fair Value	66,400	110,900
Residential mortgage-backed securities
Securities available-for-sale:
Amortized Cost	101,233	85,346
Gross Unrealized Gain	1	625
Gross Unrealized Loss	(12,932)	(1,258)
Fair Value	88,302	84,713
Residential collateralized mortgage obligations
Securities available-for-sale:
Amortized Cost	24,486	18,990
Gross Unrealized Gain	8	113
Gross Unrealized Loss	(1,793)	(47)
Fair Value	22,701	19,056
SBA loan pool securities
Securities available-for-sale:
Amortized Cost	10,244	8,520
Gross Unrealized Gain	14	156
Gross Unrealized Loss	(442)	(4)
Fair Value	9,816	8,672
Municipal bonds
Securities available-for-sale:
Amortized Cost	4,264	5,329
Gross Unrealized Gain	1	357
Gross Unrealized Loss	(245)	0
Fair Value	4,020	5,686
Corporate bonds
Securities available-for-sale:
Amortized Cost	5,000	5,000
Gross Unrealized Gain	0	71
Gross Unrealized Loss	(438)	0
Fair Value	$ 4,562	$ 5,071

Investment Securities - Summa_2

Investment Securities - Summary of Contractual Maturities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Amortized Cost
Within one year	$ 963
One to five years	871
Five to ten years	5,081
Greater than ten years	2,349
Residential mortgage-backed securities, residential collateralized mortgage obligations and SBA loan pool securities	135,963
Amortized Cost	145,227	$ 123,185
Fair Value
Within one year	952
One to five years	865
Five to ten years	4,637
Greater than ten years	2,128
Residential mortgage-backed securities, residential collateralized mortgage obligations and SBA loan pool securities	120,819
Fair Value	$ 129,401	$ 123,198

Investment Securities - Realize

Investment Securities - Realized Gain (Loss) on Investments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Investments, Debt and Equity Securities [Abstract]
Gross realized gains on sales and calls of securities available-for-sale	$ 0	$ 0	$ 0	$ 0
Gross realized losses on sales and calls of securities available-for-sale	0	0	0	0
Net realized gains (losses) on sales and calls of securities available-for-sale	0	0	0	0
Proceeds from sales and calls of securities available-for-sale	1,040	0	1,040	0
Tax expense on sales and calls of 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	Sep. 30, 2022 USD ($) security	Dec. 31, 2021 USD ($) security
Securities available-for-sale:
Less Than 12 Months, Fair Value	$ 74,866	$ 49,842
Less Than 12 Months, Gross Unrealized Losses	$ (7,063)	$ (978)
Less Than 12 Months, Number of Securities | security	141	36
12 months or Longer, Fair Value	$ 44,451	$ 9,041
12 months or Longer, Gross Unrealized Losses	$ (8,787)	$ (331)
12 months or Longer, Number of Securities | security	35	6
Total, Fair Value	$ 119,317	$ 58,883
Total, Gross Unrealized Losses	$ (15,850)	$ (1,309)
Total, Number of Securities | security	176	42
Residential mortgage-backed securities
Securities available-for-sale:
Less Than 12 Months, Fair Value	$ 45,595	$ 46,945
Less Than 12 Months, Gross Unrealized Losses	$ (4,591)	$ (931)
Less Than 12 Months, Number of Securities | security	82	32
12 months or Longer, Fair Value	$ 42,667	$ 8,885
12 months or Longer, Gross Unrealized Losses	$ (8,341)	$ (327)
12 months or Longer, Number of Securities | security	32	5
Total, Fair Value	$ 88,262	$ 55,830
Total, Gross Unrealized Losses	$ (12,932)	$ (1,258)
Total, Number of Securities | security	114	37
Residential collateralized mortgage obligations
Securities available-for-sale:
Less Than 12 Months, Fair Value	$ 14,956	$ 2,897
Less Than 12 Months, Gross Unrealized Losses	$ (1,348)	$ (47)
Less Than 12 Months, Number of Securities | security	35	4
12 months or Longer, Fair Value	$ 1,701	$ 0
12 months or Longer, Gross Unrealized Losses	$ (445)	$ 0
12 months or Longer, Number of Securities | security	2	0
Total, Fair Value	$ 16,657	$ 2,897
Total, Gross Unrealized Losses	$ (1,793)	$ (47)
Total, Number of Securities | security	37	4
SBA loan pool securities
Securities available-for-sale:
Less Than 12 Months, Fair Value	$ 6,233	$ 0
Less Than 12 Months, Gross Unrealized Losses	$ (441)	$ 0
Less Than 12 Months, Number of Securities | security	11	0
12 months or Longer, Fair Value	$ 83	$ 156
12 months or Longer, Gross Unrealized Losses	$ (1)	$ (4)
12 months or Longer, Number of Securities | security	1	1
Total, Fair Value	$ 6,316	$ 156
Total, Gross Unrealized Losses	$ (442)	$ (4)
Total, Number of Securities | security	12	1
Municipal bonds
Securities available-for-sale:
Less Than 12 Months, Fair Value	$ 3,520
Less Than 12 Months, Gross Unrealized Losses	$ (245)
Less Than 12 Months, Number of Securities | security	12
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	$ 3,520
Total, Gross Unrealized Losses	$ (245)
Total, Number of Securities | security	12
Corporate bonds
Securities available-for-sale:
Less Than 12 Months, Fair Value	$ 4,562
Less Than 12 Months, Gross Unrealized Losses	$ (438)
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	$ 4,562
Total, Gross Unrealized Losses	$ (438)
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	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	$ 1,959,237		$ 1,732,205
Allowance for loan losses	(23,761)	$ (21,071)	(22,381)	$ (23,807)	$ (24,889)	$ (26,510)
Net loans held-for-investment	1,935,476		1,709,824
Officers and Directors
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	114		398
Real estate loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	1,719,967		1,453,241
Allowance for loan losses	(18,349)	(16,591)	(16,797)	(17,939)	(18,672)	(18,894)
Real estate loans | Commercial property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	1,271,781		1,105,843
Real estate loans | Residential property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	297,506		209,485
Real estate loans | SBA property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	136,088		129,661
Real estate loans | Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	14,592		8,252
Commercial and industrial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	216,036		257,343
Allowance for loan losses	(5,184)	(4,275)	(5,310)	(5,540)	(5,866)	(7,222)
Commercial and industrial loans | Commercial term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	80,225		73,438
Commercial and industrial loans | Commercial lines of credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	117,960		100,936
Commercial and industrial loans | SBA commercial term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	16,542		17,640
Commercial and industrial loans | SBA PPP
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	1,309		65,329
Other consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	23,234		21,621
Allowance for loan losses	$ (228)	$ (205)	$ (274)	$ (328)	$ (351)	$ (394)

Loans and Allowance for Loan _4

Loans and Allowance for Loan Losses - Allowance for Loan Losses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 21,071	$ 24,889	$ 22,381	$ 26,510
Charge-offs	(1,112)	(127)	(1,171)	(205)
Recoveries on loans previously charged off	49	98	98	636
Provision (reversal) for loan losses	3,753	(1,053)	2,453	(3,134)
Ending balance	23,761	23,807	23,761	23,807
Allowance for loan losses:
Individually evaluated for impairment	0		0		$ 0
Collectively evaluated for impairment	23,761		23,761		22,381
Total	23,761	23,807	23,761	23,807	22,381
Loans receivable:
Individually evaluated for impairment	7,913		7,913		1,535
Collectively evaluated for impairment	1,951,324		1,951,324		1,730,670
Total	1,959,237		1,959,237		1,732,205
Real Estate
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	16,591	18,672	16,797	18,894
Charge-offs	0	0	0	(18)
Recoveries on loans previously charged off	0	0	0	47
Provision (reversal) for loan losses	1,758	(733)	1,552	(984)
Ending balance	18,349	17,939	18,349	17,939
Allowance for loan losses:
Individually evaluated for impairment	0		0		0
Collectively evaluated for impairment	18,349		18,349		16,797
Total	18,349	17,939	18,349	17,939	16,797
Loans receivable:
Individually evaluated for impairment	3,910		3,910		1,314
Collectively evaluated for impairment	1,716,057		1,716,057		1,451,927
Total	1,719,967		1,719,967		1,453,241
Commercial and Industrial
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	4,275	5,866	5,310	7,222
Charge-offs	(1,078)	(84)	(1,095)	(100)
Recoveries on loans previously charged off	21	94	44	553
Provision (reversal) for loan losses	1,966	(336)	925	(2,135)
Ending balance	5,184	5,540	5,184	5,540
Allowance for loan losses:
Individually evaluated for impairment	0		0		0
Collectively evaluated for impairment	5,184		5,184		5,310
Total	5,184	5,540	5,184	5,540	5,310
Loans receivable:
Individually evaluated for impairment	4,003		4,003		221
Collectively evaluated for impairment	212,033		212,033		257,122
Total	216,036		216,036		257,343
Other Consumer
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	205	351	274	394
Charge-offs	(34)	(43)	(76)	(87)
Recoveries on loans previously charged off	28	4	54	36
Provision (reversal) for loan losses	29	16	(24)	(15)
Ending balance	228	328	228	328
Allowance for loan losses:
Individually evaluated for impairment	0		0		0
Collectively evaluated for impairment	228		228		274
Total	228	$ 328	228	$ 328	274
Loans receivable:
Individually evaluated for impairment	0		0		0
Collectively evaluated for impairment	23,234		23,234		21,621
Total	$ 23,234		$ 23,234		$ 21,621

Loans and Allowance for Loan _5

Loans and Allowance for Loan Losses - Credit Quality Indicators (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	$ 1,959,237	$ 1,732,205
Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	1,942,958	1,708,945
Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	5,986	18,092
Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	10,293	5,168
Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	0
Real estate loans
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	1,719,967	1,453,241
Real estate loans | Commercial property
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	1,271,781	1,105,843
Real estate loans | Commercial property | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	1,265,366	1,092,253
Real estate loans | Commercial property | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	3,283	11,739
Real estate loans | Commercial property | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	3,132	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	297,506	209,485
Real estate loans | Residential property | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	297,134	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	372	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	136,088	129,661
Real estate loans | SBA property | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	134,133	127,518
Real estate loans | SBA property | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	248	251
Real estate loans | SBA property | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	1,707	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	14,592	8,252
Real estate loans | Construction | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	14,592	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	216,036	257,343
Commercial and industrial loans | Commercial term
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	80,225	73,438
Commercial and industrial loans | Commercial term | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	77,855	68,626
Commercial and industrial loans | Commercial term | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	1,355	3,698
Commercial and industrial loans | Commercial term | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	1,015	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	117,960	100,936
Commercial and industrial loans | Commercial lines of credit | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	112,859	98,785
Commercial and industrial loans | Commercial lines of credit | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	1,100	2,151
Commercial and industrial loans | Commercial lines of credit | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	4,001	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	16,542	17,640
Commercial and industrial loans | SBA commercial term | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	16,501	17,111
Commercial and industrial loans | SBA commercial term | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	0	253
Commercial and industrial loans | SBA commercial term | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	41	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	1,309	65,329
Commercial and industrial loans | SBA PPP | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	1,309	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	23,234	21,621
Other consumer loans | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held-for-investment	23,209	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	25	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 ($)	Sep. 30, 2022	Dec. 31, 2021
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	$ 1,959,237,000	$ 1,732,205,000
Nonaccrual	7,396,000	994,000
Total Past Due and Nonaccrual	7,806,000	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	215,000	549,000
60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	195,000	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	1,719,967,000	1,453,241,000
Real estate loans | Commercial property
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	1,271,781,000	1,105,843,000
Nonaccrual	2,444,000
Total Past Due and Nonaccrual	2,444,000
Real estate loans | Commercial property | 30 to 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	0
Real estate loans | Commercial property | 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	0
Real estate loans | Commercial property | 90 or More Days Past Due
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	0
Real estate loans | Residential property
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	297,506,000	209,485,000
Nonaccrual	372,000	0
Total Past Due and Nonaccrual	372,000	461,000
Real estate loans | Residential property | 30 to 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	0	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	136,088,000	129,661,000
Nonaccrual	552,000	746,000
Total Past Due and Nonaccrual	794,000	746,000
Real estate loans | SBA property | 30 to 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	50,000	0
Real estate loans | SBA property | 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	192,000	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	216,036,000	257,343,000
Commercial and industrial loans | Commercial term
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	80,225,000	73,438,000
Nonaccrual	3,000
Total Past Due and Nonaccrual	3,000
Commercial and industrial loans | Commercial term | 30 to 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	0
Commercial and industrial loans | Commercial term | 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	0
Commercial and industrial loans | Commercial term | 90 or More Days Past Due
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	0
Commercial and industrial loans | Commercial lines of credit
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	117,960,000	100,936,000
Nonaccrual	4,000,000
Total Past Due and Nonaccrual	4,000,000
Commercial and industrial loans | Commercial lines of credit | 30 to 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	0
Commercial and industrial loans | Commercial lines of credit | 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	0
Commercial and industrial loans | Commercial lines of credit | 90 or More Days Past Due
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	0
Commercial and industrial loans | SBA commercial term
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	16,542,000	17,640,000
Nonaccrual	0	213,000
Total Past Due and Nonaccrual	3,000	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	3,000	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	23,234,000	21,621,000
Nonaccrual	25,000	35,000
Total Past Due and Nonaccrual	190,000	128,000
Other consumer loans | 30 to 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	162,000	88,000
Other consumer loans | 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	3,000	5,000
Other consumer loans | 90 or More Days Past Due
Financing Receivable, Past Due [Line Items]
Loans held-for-investment	$ 0	$ 0

Loans and Allowance for Loan _7

Loans and Allowance for Loan Losses - Impaired Loans by Portfolio Segment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Financing Receivable, Impaired [Line Items]
Impaired financing receivable, with no allowance recorded, recorded investment	$ 7,978		$ 7,978		$ 1,535
Impaired financing receivable, with no allowance recorded, unpaid principal balance	7,959		7,959		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	8,412	$ 1,690	4,082	$ 1,892
Interest Income	9	9	26	31
Interest Foregone on Impaired Loans [Abstract]
Interest income that would have been recognized had impaired loans performed in accordance with their original terms	109	23	159	78
Less: interest income recognized on impaired loans on a cash basis	(9)	(9)	(26)	(31)
Interest income foregone on impaired loans	100	14	133	47
Real estate loans | Commercial property
Financing Receivable, Impaired [Line Items]
Impaired financing receivable, with no allowance recorded, recorded investment	2,776		2,776		326
Impaired financing receivable, with no allowance recorded, unpaid principal balance	2,772		2,772		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	2,772	329	1,140	330
Interest Income	5	6	16	17
Real estate loans | Residential property
Financing Receivable, Impaired [Line Items]
Impaired financing receivable, with no allowance recorded, recorded investment	387		387
Impaired financing receivable, with no allowance recorded, unpaid principal balance	372		372
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	225	0	381	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	778		778		988
Impaired financing receivable, with no allowance recorded, unpaid principal balance	812		812		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	783	1,026	881	1,140
Interest Income	4	3	10	13
Commercial and industrial loans | Commercial term
Financing Receivable, Impaired [Line Items]
Impaired financing receivable, with no allowance recorded, recorded investment	3		3		2
Impaired financing receivable, with no allowance recorded, unpaid principal balance	3		3		2
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	0	8	0	12
Interest Income	0	0	0	0
Commercial and industrial loans | Commercial lines of credit
Financing Receivable, Impaired [Line Items]
Impaired financing receivable, with no allowance recorded, recorded investment	4,034		4,034
Impaired financing receivable, with no allowance recorded, unpaid principal balance	5,074		5,074
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	4,537	0	1,512	0
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					219
Impaired financing receivable, with no allowance recorded, unpaid principal balance					227
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	95	327	168	410
Interest Income	$ 0	$ 0	$ 0	$ 1

Loans and Allowance for Loan _8

Loans and Allowance for Loan Losses - Troubled Debt Restructurings (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2022 USD ($) loan	Sep. 30, 2021 loan	Sep. 30, 2022 USD ($) loan	Sep. 30, 2021 loan	Dec. 31, 2021 USD ($)
Loans Modified as TDRs as of Period End [Abstract]
Accruing	$ 542,000		$ 542,000		$ 576,000
Nonaccrual	7,000		7,000		17,000
Total	549,000		549,000		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	$ 320,000		$ 320,000		326,000
Nonaccrual	0		0		0
Total	320,000		320,000		326,000
Real estate loans | SBA property
Loans Modified as TDRs as of Period End [Abstract]
Accruing	222,000		222,000		242,000
Nonaccrual	7,000		7,000		17,000
Total	$ 229,000		$ 229,000		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	0		0		6,000
Nonaccrual	0		0		0
Total	$ 0		$ 0		$ 6,000

Loans and Allowance for Loan _9

Loans and Allowance for Loan Losses - Purchases, Sales, and Transfers (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Transfer of loans to held-for-sale	$ 458,000	$ 3,452,000	$ 458,000	$ 5,351,000
Transfer of loans to held-for-investment	0	0	0	0
Purchase of loans held for investment	0	803,000	0	1,439,000
Real estate loans | Commercial property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Transfer of loans to held-for-sale	0	3,452,000	0	5,162,000
Real estate loans | Residential property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Transfer of loans to held-for-sale	458,000	0	458,000	189,000
Purchase of loans held for investment	$ 0	$ 803,000	$ 0	$ 1,439,000

Loans and Allowance for Loan_10

Loans and Allowance for Loan Losses - Loans Held-For-Sale (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-sale	$ 18,982	$ 37,026
Real estate loans | SBA property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-sale	15,981	33,603
Commercial and industrial loans | SBA commercial term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-sale	$ 3,001	$ 3,423

Servicing Assets - Narrative (D

Servicing Assets - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Transfers and Servicing [Abstract]
Total servicing assets	$ 7,627		$ 7,627		$ 7,269
Loans sold with servicing rights retained	27,300	$ 45,000	105,400	$ 90,100
Net gain on sale	1,400	4,300	7,200	9,400
Loan servicing income	$ 780	$ 655	$ 2,200	$ 2,100

Servicing Assets - Summary of K

Servicing Assets - Summary of Key Assumptions in Fair Value Calculations (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021	Jun. 30, 2022	Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2020
Servicing Assets at Fair Value [Line Items]
Carrying amount	$ 7,627	$ 7,269
Residential Property
Servicing Assets at Fair Value [Line Items]
Carrying amount	66	86	$ 72	$ 87	$ 96	$ 109
Fair value	$ 106	$ 126
Discount rate (in percent)	7.73%	6.33%
Prepayment speed (in percent)	20.90%	24.40%
Weighted average remaining life	21 years	21 years 10 months 24 days
Underlying loans being serviced	$ 13,497	$ 17,443
SBA property
Servicing Assets at Fair Value [Line Items]
Carrying amount	7,106	6,701	7,193	6,398	5,800	5,642
Fair value	$ 9,144	$ 11,196
Discount rate (in percent)	11.47%	8.75%
Prepayment speed (in percent)	14.89%	9.80%
Weighted average remaining life	21 years 6 months	21 years 4 months 24 days
Underlying loans being serviced	$ 469,507	$ 442,424
SBA commercial term
Servicing Assets at Fair Value [Line Items]
Carrying amount	455	482	$ 451	$ 524	$ 586	$ 649
Fair value	$ 634	$ 734
Discount rate (in percent)	12.55%	9.64%
Prepayment speed (in percent)	16.68%	12.77%
Weighted average remaining life	6 years 7 months 6 days	6 years 2 months 12 days
Underlying loans being serviced	$ 55,900	$ 59,839

Servicing Assets - Summary of C

Servicing Assets - Summary of Changes in Servicing Assets (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance at beginning of period			$ 7,269
Amortization			(1,584)	$ (1,496)
Balance at end of period	$ 7,627		7,627
Residential Property
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance at beginning of period	72	$ 96	86	109
Additions	0	0	0	0
Amortization	(6)	(9)	(20)	(22)
Balance at end of period	66	87	66	87
SBA property
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance at beginning of period	7,193	5,800	6,701	5,642
Additions	370	1,040	1,784	2,021
Amortization	(457)	(442)	(1,379)	(1,265)
Balance at end of period	7,106	6,398	7,106	6,398
SBA commercial term
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance at beginning of period	451	586	482	649
Additions	64	13	158	84
Amortization	(60)	(75)	(185)	(209)
Balance at end of period	$ 455	$ 524	$ 455	$ 524

Other Real Estate Owned - Activ

Other Real Estate Owned - Activity (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Other Real Estate Owned [Roll Forward]
Balance at beginning of period	$ 808	$ 0	$ 0	$ 1,401
Additions	0	0	808	1,960
Sales	(808)	0	(808)	(3,361)
Net change in valuation allowance	0	0	0	0
Balance at end of period	$ 0	$ 0	$ 0	$ 0

Other Real Estate Owned - Valua

Other Real Estate Owned - Valuation Allowance (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	$ (142,000)	$ 0	$ (139,000)	$ 8,000
Loan provided to purchase its OREO	0	0	0	0
Net gain on sales
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	(152,000)	0	(152,000)	(73,000)
Operating expenses, net of rental income
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	$ 10,000	$ 0	$ 13,000	$ 81,000

Operating Leases - Cost and Sup

Operating Leases - Cost and Supplemental Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Leases [Abstract]
Operating lease cost	$ 705	$ 611	$ 2,029	$ 1,913
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	755	654	2,182	2,051
Right of use assets obtained in exchange for lease obligations	1,043	$ 1,111	2,007	$ 1,247
Operating leases:
Operating lease assets	6,897		6,897		$ 6,786
Operating lease liabilities	$ 7,402		$ 7,402		$ 7,444
Weighted-average remaining lease term	4 years 4 months 24 days		4 years 4 months 24 days		4 years
Weighted-average discount rate	2.60%		2.60%		2.36%

Operating Leases - Maturities o

Operating Leases - Maturities of Operating Lease Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Maturities:
2022	$ 787
2023	2,668
2024	1,237
2025	1,146
2026	860
After 2026	1,267
Total lease payment	7,965
Imputed Interest	(563)
Present value of operating lease liabilities	$ 7,402	$ 7,444

Federal Home Loan Bank Advanc_2

Federal Home Loan Bank Advances and Other Borrowings (Details) - USD ($)	9 Months Ended
	Sep. 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	1,080,000,000	$ 982,700,000
Additional borrowing capacity	586,100,000	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	29,100,000
Loans pledged as collateral	37,400,000
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		2 Months Ended	3 Months Ended		5 Months Ended	9 Months Ended
	May 24, 2022	Sep. 30, 2022	Sep. 30, 2022	Sep. 30, 2021	Sep. 07, 2021	Sep. 30, 2022	Sep. 30, 2021	Jul. 28, 2022	Dec. 31, 2021	Apr. 08, 2021
Equity, Class of Treasury Stock [Line Items]
Issuance of preferred stock						$ 69,141
Number of shares authorized to be repurchased								747,938		775,000
Repurchase of common stock (in shares)		119,941			680,269
Repurchase of common stock (in dollars per share)		$ 18.75			$ 15.99
Repurchase of common stock		$ 2,200	$ 2,249	$ 543	$ 10,900	$ 2,249	$ 10,876
Maximum
Equity, Class of Treasury Stock [Line Items]
Number of shares authorized to be repurchased as a percent of common stock outstanding								5%		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			$ 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	Sep. 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)	411,670

Share-Based Compensation - Shar

Share-Based Compensation - Share-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 135	$ 116	$ 418	$ 323
Related tax benefits	29	21	89	62
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	40	52	130	130
Restricted stock awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 95	$ 64	$ 288	$ 193

Share-Based Compensation - Unre

Share-Based Compensation - Unrecognized Share-based Compensation Expense (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2022 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options	$ 357
Restricted stock awards	846
Total unrecognized share-based compensation expense	$ 1,203
Weighted-Average Remaining Expected Recognition Period	3 years
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-Average Remaining Expected Recognition Period	3 years 2 months 12 days
Restricted stock awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-Average Remaining Expected Recognition Period	3 years

Share-Based Compensation - Opti

Share-Based Compensation - Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	6 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Sep. 30, 2022	Dec. 31, 2021
Number of Shares
Outstanding at beginning of period (in shares)	595,637	632,772	632,772
Granted (in shares)			30,000
Exercised (in shares)	(14,050)		(80,185)
Forfeited (in shares)			(1,000)
Outstanding at end of year (in shares)	581,587	595,637	581,587	632,772
Exercisable (in shares)	480,587		480,587
Weighted-Average Exercise Price Per Share
Weighted-Average Exercise Price Per Share, Outstanding at beginning of period (in dollars per share)	$ 12.34	$ 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)	12.11		9.19
Weighted Average Exercise Price Per Share, Forfeited (in dollars per share)			15.50
Weighted-Average Exercise Price Per Share, Outstanding at ending of period (in dollars per share)	12.35	$ 12.34	12.35	$ 11.47
Weighted-Average Exercise Price Per Share, Exercisable (in dollars per share)	$ 10.95		$ 10.95
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Weighted-Average Contractual Term, Outstanding	4 years 3 months 3 days	4 years 6 months	4 years 3 months 3 days	4 years 6 months 14 days
Weighted-Average Contractual Term, Granted			10 years
Weighted-Average Contractual Term, Exercised	3 years 10 months 13 days		2 years 5 months 19 days
Weighted-Average Contractual Term, Forfeited			5 years 6 months 10 days
Weighted-Average Contractual Term, Exercisable	3 years 4 months 20 days		3 years 4 months 20 days
Aggregate Intrinsic Value, Balance	$ 3,469	$ 3,776	$ 3,469	$ 6,641
Aggregate Intrinsic Value, Exercisable	$ 3,422		$ 3,422

Share-Based Compensation - Nonv

Share-Based Compensation - Nonvested Options (Details) - $ / shares	3 Months Ended	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2022
Number of Shares
Granted (in shares)		30,000
Non-Vested Stock Options
Number of Shares
Outstanding at beginning of period (in shares)	114,000	107,099
Granted (in shares)	0
Vested (in shares)	(13,000)	(35,099)
Forfeited (in shares)	0	(1,000)
Outstanding at end of period (in shares)	101,000	101,000
Weighted-Average Exercise Price Per Share
Weighted-Average Exercise Price Per Share, Outstanding (in dollars per share)	$ 18.63	$ 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)	15.79	15.19
Weighted -Average Exercise Price Per Share, Forfeited (in dollars per share)	0	15.50
Weighted-Average Exercise Price Per Share, Outstanding (in dollars per share)	$ 18.99	$ 18.99

Share-Based Compensation - Rest

Share-Based Compensation - Restricted Stock Awards (Details) - Restricted stock awards - $ / shares	3 Months Ended	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2022
Number of Shares
Outstanding at beginning of period (in shares)	68,822	55,284
Granted (in shares)	2,700	27,700
Vested (in shares)	(9,500)	(20,762)
Forfeited (in shares)	0	(200)
Outstanding at end of period (in shares)	62,022	62,022
Weighted-Average Grant Date Fair Value 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)	18.95	21.67
Weighted-Average Exercise Price Per Share, Vested (in dollars per share)	16.67	13.25
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)	$ 16.59	$ 16.59

Income Taxes (Details)

Income Taxes (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Income tax expense	$ 2,798,000	$ 4,613,000	$ 10,728,000	$ 12,305,000
Effective tax rate	28.70%	29.50%	29%	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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Basic earnings per share:
Net income	$ 6,953	$ 11,023	$ 26,285	$ 29,427
Less: income allocated to unvested restricted stock	(30)	(43)	(120)	(116)
Net income allocated to common stock	$ 6,923	$ 10,980	$ 26,165	$ 29,311
Weighted-average total common shares outstanding (in shares)	14,943,027	14,837,000	14,938,160	15,150,635
Less: weighted-average unvested restricted stock (in shares)	(65,148)	(57,293)	(68,163)	(59,646)
Weighted-average common shares outstanding, basic (in shares)	14,877,879	14,779,707	14,869,997	15,090,989
Basic earnings per share (in dollars per share)	$ 0.47	$ 0.74	$ 1.76	$ 1.94
Diluted earnings per share:
Net income allocated to common stock	$ 6,923	$ 10,980	$ 26,165	$ 29,311
Weighted-average common shares outstanding, basic (in shares)	14,877,879	14,779,707	14,869,997	15,090,989
Diluted effect of stock options (in shares)	210,210	251,851	256,866	207,076
Weighted-average common shares outstanding, diluted (in shares)	15,088,089	15,031,558	15,126,863	15,298,065
Diluted earnings per share (in shares)	$ 0.46	$ 0.73	$ 1.73	$ 1.92
Antidilutive securities earnings per share, amount	65,000	50,000	65,000	104,000

Commitments and Contingencies_2

Commitments and Contingencies (Details) - USD ($)	3 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Sep. 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	59,225,000	59,225,000	12,025,000
Variable Rate
Other Commitments [Line Items]
Outstanding financial commitments whose contractual amount represents credit risk	237,278,000	237,278,000	192,382,000
SEC Schedule, 12-09, Reserve, Off-balance Sheet Activity
Other Commitments [Line Items]
Reserve for off-balance sheet items	242,000	242,000	214,000
Unused lines of credit | Fixed Rate
Other Commitments [Line Items]
Outstanding financial commitments whose contractual amount represents credit risk	55,173,000	55,173,000	8,261,000
Unused lines of credit | Variable Rate
Other Commitments [Line Items]
Outstanding financial commitments whose contractual amount represents credit risk	199,565,000	$ 199,565,000	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	847,000	$ 847,000	595,000
Unfunded loan commitments | Variable Rate
Other Commitments [Line Items]
Outstanding financial commitments whose contractual amount represents credit risk	35,822,000	35,822,000	29,688,000
Standby letters of credit | Fixed Rate
Other Commitments [Line Items]
Outstanding financial commitments whose contractual amount represents credit risk	3,093,000	3,093,000	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	112,000	112,000	91,000
Commercial letters of credit | Variable Rate
Other Commitments [Line Items]
Outstanding financial commitments whose contractual amount represents credit risk	$ 190,000	$ 190,000	$ 524,000

Regulatory Matters - Narrative

Regulatory Matters - Narrative (Details)	Sep. 30, 2022	Dec. 31, 2021
PCB Bancorp
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Capital conservation buffer	9.19%	8.04%
PCB Bank
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Capital conservation buffer	10.02%	7.73%

Regulatory Matters - Schedule o

Regulatory Matters - Schedule of Regulatory Capital Amounts and Ratios (Details) $ in Thousands	Sep. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
PCB Bancorp
Actual
Common tier 1 capital (to risk-weighted assets), amount	$ 274,134	$ 255,650
Common tier 1 capital (to risk-weighted assets), ratio	0.1369	0.1479
Total capital (to risk-weighted assets), amount	$ 367,278	$ 277,263
Total capital (to risk-weighted assets), ratio	0.1834	0.1604
Tier 1 capital (to risk-weighted assets), amount	$ 343,275	$ 255,650
Tier 1 capital (to risk-weighted assets), ratio	0.1714	0.1479
Tier 1 capital (to average assets), amount	$ 343,275	$ 255,650
Tier 1 capital (to average assets), ratio	0.1474	0.1211
Minimum Capital Requirement
Common tier 1 capital (to risk-weighted assets), amount	$ 90,114	$ 77,762
Common tier 1 capital (to risk-weighted assets), ratio	4.50%	4.50%
Total capital (to risk-weighted assets), amount	$ 160,202	$ 138,244
Total capital (to risk-weighted assets), ratio	0.080	0.080
Tier 1 capital (to risk-weighted assets), amount	$ 120,152	$ 103,683
Tier 1 capital (to risk-weighted assets), ratio	0.060	0.060
Tier 1 capital (to average assets), amount	$ 93,152	$ 84,445
Tier 1 capital (to average assets), ratio	0.040	0.040
PCB Bank
Actual
Common tier 1 capital (to risk-weighted assets), amount	$ 336,853	$ 250,145
Common tier 1 capital (to risk-weighted assets), ratio	0.1682	0.1448
Total capital (to risk-weighted assets), amount	$ 360,856	$ 271,757
Total capital (to risk-weighted assets), ratio	0.1802	0.1573
Tier 1 capital (to risk-weighted assets), amount	$ 336,853	$ 250,145
Tier 1 capital (to risk-weighted assets), ratio	0.1682	0.1448
Tier 1 capital (to average assets), amount	$ 336,853	$ 250,145
Tier 1 capital (to average assets), ratio	0.1447	0.1185
Minimum Capital Requirement
Common tier 1 capital (to risk-weighted assets), amount	$ 90,111	$ 77,761
Common tier 1 capital (to risk-weighted assets), ratio	4.50%	4.50%
Total capital (to risk-weighted assets), amount	$ 160,196	$ 138,241
Total capital (to risk-weighted assets), ratio	0.080	0.080
Tier 1 capital (to risk-weighted assets), amount	$ 120,147	$ 103,681
Tier 1 capital (to risk-weighted assets), ratio	0.060	0.060
Tier 1 capital (to average assets), amount	$ 93,149	$ 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	$ 130,160	$ 112,321
Common tier 1 capital (to risk-weighted assets), ratio	6.50%	6.50%
Total capital (to risk-weighted assets), amount	$ 200,246	$ 172,801
Total capital (to risk-weighted assets), ratio	0.100	0.100
Tier 1 capital (to risk-weighted assets), amount	$ 160,196	$ 138,241
Tier 1 capital (to risk-weighted assets), ratio	0.080	0.080
Tier 1 capital (to average assets), amount	$ 116,436	$ 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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Disaggregation of Revenue [Line Items]
Total	$ 787	$ 587	$ 2,006	$ 1,768
Total service charges and fees on deposits
Disaggregation of Revenue [Line Items]
Total	341	292	974	887
Monthly service fees
Disaggregation of Revenue [Line Items]
Total	24	21	67	60
Account analysis fees
Disaggregation of Revenue [Line Items]
Total	243	220	690	649
Non-sufficient funds charges
Disaggregation of Revenue [Line Items]
Total	53	35	157	130
Other deposit related fees
Disaggregation of Revenue [Line Items]
Total	21	16	60	48
Debit card fees
Disaggregation of Revenue [Line Items]
Total	87	86	256	222
Gain (loss) on sale of other real estate owned
Disaggregation of Revenue [Line Items]
Total	152	0	152	74
Wire transfer fees
Disaggregation of Revenue [Line Items]
Total	159	159	484	435
Other service charges
Disaggregation of Revenue [Line Items]
Total	$ 48	$ 50	$ 140	$ 150

Subsequent Events (Details)

Subsequent Events (Details) - $ / shares		3 Months Ended		9 Months Ended
	Oct. 27, 2022	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Subsequent Event [Line Items]
Cash dividends declared on common stock (in dollars per share)		$ 0.15	$ 0.12	$ 0.45	$ 0.32
Subsequent Event
Subsequent Event [Line Items]
Cash dividends declared on common stock (in dollars per share)	$ 0.15