PCB Bancorp (PCB) 10-Q 8 Nov 23 2023 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2023	Oct. 31, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2023
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		14,259,340
Current Fiscal Year End Date	--12-31
Amendment Flag	false
Entity Central Index Key	0001423869
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands		Sep. 30, 2023	Dec. 31, 2022
Assets
Cash and due from banks		$ 22,691	$ 23,202
Interest-bearing deposits in other financial institutions		169,659	123,829
Total cash and cash equivalents		192,350	147,031
Securities available-for-sale, at fair value (amortized cost of $158,472 and $156,978 at September 30, 2023 and December 31, 2022, respectively, and allowance for credit losses of $0 at September 30, 2023)		139,218	141,863
Loans held-for-sale, at lower of cost or fair value		6,693	22,811
Loans held-for-investment, net of deferred fees and costs		2,167,605	2,046,063
Allowance for credit losses on loans	[1]	(25,599)	(24,942)
Net loans held-for-investment		2,142,006	2,021,121
Premises and equipment, net		6,229	6,916
Federal Home Loan Bank and other restricted stock, at cost		12,716	10,183
Bank-owned life insurance		30,615	30,064
Deferred tax assets, net		4,486	3,115
Servicing assets		6,920	7,347
Operating lease assets		5,626	6,358
Accrued interest receivable		8,731	7,472
Other assets		12,384	15,755
Total assets		2,567,974	2,420,036
Deposits:
Noninterest-bearing demand		611,021	734,989
Savings, NOW and money market accounts		459,038	514,741
Time deposits of $250,000 or less		607,664	382,377
Time deposits of more than $250,000		514,406	413,876
Total deposits		2,192,129	2,045,983
Federal Home Loan Bank advances		0	20,000
Operating lease liabilities		5,852	6,809
Accrued interest payable and other liabilities		28,141	11,802
Total liabilities		2,226,122	2,084,594
Commitments and contingencies
Preferred stock, 10,000,000 shares authorized, no par value:
Common stock, 60,000,000 shares authorized, no par value; 14,319,014 and 14,625,474 shares issued and outstanding, respectively, and included 42,161 and 62,022 shares of unvested restricted stock, respectively, at September 30, 2023 and December 31, 2022		143,401	149,631
Retained earnings		142,750	127,181
Accumulated other comprehensive loss, net		(13,440)	(10,511)
Total shareholders’ equity		341,852	335,442
Total liabilities and shareholders’ equity		2,567,974	2,420,036
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 69,141 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively.		$ 69,141	$ 69,141
[1]Allowance for credit losses on loans at September 30, 2023 is presented under ASC 326, while prior period comparison continues to be presented under legacy ASC 450 and ASC 310.

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Amortized cost	$ 158,472	$ 156,978
Allowance for credit losses	$ 0
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)	14,319,014	14,625,474
Common stock, outstanding (in shares)	14,319,014	14,625,474
Restricted stock awards
Unvested restricted stock (in shares)	42,161	62,022
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	69,141
Preferred stock, outstanding (in shares)	69,141	69,141

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023		Sep. 30, 2022
Interest and dividend income:
Loans, including fees		$ 34,651	$ 24,835	$ 98,840		$ 66,268
Tax-exempt investment securities		30	34	97		107
Taxable investment securities		1,140	772	3,311		1,843
Other interest-earning assets		3,031	1,194	7,978		1,957
Total interest income		38,852	26,835	110,226		70,175
Interest expense:
Deposits		16,403	2,798	43,437		4,689
Other borrowings		0	14	209		119
Total interest expense		16,403	2,812	43,646		4,808
Net interest income		22,449	24,023	66,580		65,367
Provision (reversal) for credit losses	[1]	751	3,753	(1,830)	[2]	2,453	[2]
Net interest income after provision (reversal) for credit losses		$ 21,698	$ 20,270	$ 68,410		$ 62,914
Noninterest income:
Revenue, Product and Service [Extensible List]		Service charges and fees on deposits	Service charges and fees on deposits	Service charges and fees on deposits		Service charges and fees on deposits
Service charges and fees on deposits		$ 690	$ 787	$ 1,962		$ 2,006
Loan servicing income		851	780	2,579		2,235
Bank-owned life insurance income		187	178	551		525
Gain on sale of loans		689	1,415	2,767		7,231
Other income		404	462	1,199		1,145
Total noninterest income		2,502	3,176	8,180		12,110
Noninterest expense:
Salaries and employee benefits		8,572	8,457	26,175		25,177
Occupancy and equipment		1,964	1,650	5,779		4,584
Professional fees		685	587	2,189		1,632
Marketing and business promotion		980	909	1,555		1,426
Data processing		367	427	1,159		1,272
Director fees and expenses		152	179	549		530
Regulatory assessments		281	150	818		438
Other expense		1,206	1,336	3,364		2,952
Total noninterest expense		14,207	13,695	41,588		38,011
Income before income taxes		9,993	9,751	35,002		37,013
Income tax expense		2,970	2,798	10,205		10,728
Net income		$ 7,023	$ 6,953	$ 24,797		$ 26,285
Earnings per common share, basic (in dollars per share)		$ 0.49	$ 0.47	$ 1.73		$ 1.76
Earnings per common share, diluted (in dollars per share)		$ 0.49	$ 0.46	$ 1.71		$ 1.73
Weighted-average common shares outstanding, basic (in shares)		14,294,802	14,877,879	14,327,930		14,869,997
Weighted-average common shares outstanding, diluted (in shares)		14,396,216	15,088,089	14,441,960		15,126,863
Service charges and fees on deposits
Noninterest income:
Service charges and fees on deposits		$ 371	$ 341	$ 1,084		$ 974
[1]Provision (reversal) for credit losses for the three and nine months ended September 30, 2023 is presented under ASC 326, while prior period comparison continues to be presented under legacy ASC 450 and ASC 310.[2]Provision for credit losses for the nine months ended September 30, 2023 is presented under ASC 326, while prior period comparison continue to be presented under legacy ASC 450 and ASC 310.

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 7,023	$ 6,953	$ 24,797	$ 26,285
Other comprehensive loss:
Unrealized loss on securities available-for-sale arising during the period	(3,827)	(6,255)	(4,137)	(15,839)
Income tax benefit related to items of other comprehensive loss	1,118	1,844	1,208	4,674
Total other comprehensive loss, net of tax	(2,709)	(4,411)	(2,929)	(11,165)
Total comprehensive income	$ 4,314	$ 2,542	$ 21,868	$ 15,120

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Impact of ASC 326 Adoption	As Reported Under ASC 326	Preferred Stock	Preferred Stock As Reported Under ASC 326	Common Stock	Common Stock As Reported Under ASC 326	Retained Earnings	Retained Earnings Impact of ASC 326 Adoption	Retained Earnings As Reported Under ASC 326	Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) As Reported Under ASC 326
Beginning balance, preferred stock (in shares) at Dec. 31, 2021				0
Beginning balance, common stock (in shares) at Dec. 31, 2021						14,865,825
Beginning balance at Dec. 31, 2021	$ 256,286			$ 0		$ 154,992		$ 101,140			$ 154
Comprehensive income (loss)
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
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
Ending balance at Sep. 30, 2022	332,719			$ 69,141		$ 153,890		120,699			(11,011)
Beginning balance, preferred stock (in shares) at Dec. 31, 2021				0
Beginning balance, common stock (in shares) at Dec. 31, 2021						14,865,825
Beginning balance at Dec. 31, 2021	$ 256,286			$ 0		$ 154,992		101,140			154
Ending balance, preferred stock (in shares) at Dec. 31, 2022				69,141	69,141
Ending balance, common stock (in shares) at Dec. 31, 2022	14,625,474					14,625,474	14,625,474
Ending balance at Dec. 31, 2022	$ 335,442	$ (1,886)	$ 333,556	$ 69,141	$ 69,141	$ 149,631	$ 149,631	127,181	$ (1,886)	$ 125,295	(10,511)	$ (10,511)
Comprehensive income (loss)
Accounting Standards Update [Extensible List]	Accounting Standards Update 2016-13 [Member]
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)
Comprehensive income (loss)
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
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
Ending balance at Sep. 30, 2022	$ 332,719			$ 69,141		$ 153,890		120,699			(11,011)
Beginning balance, preferred stock (in shares) at Dec. 31, 2022				69,141	69,141
Beginning balance, common stock (in shares) at Dec. 31, 2022	14,625,474					14,625,474	14,625,474
Beginning balance at Dec. 31, 2022	$ 335,442	$ (1,886)	$ 333,556	$ 69,141	$ 69,141	$ 149,631	$ 149,631	127,181	$ (1,886)	$ 125,295	(10,511)	$ (10,511)
Comprehensive income (loss)
Net income	24,797							24,797
Other comprehensive loss, net of tax	(2,929)										(2,929)
Issuance of restricted stock (in shares)						3,300
Restricted stock surrendered due to employee tax liability (in shares)						(99)
Restricted stock surrendered due to employee tax liability	(2)					$ (2)
Repurchase of common stock (in shares)						(452,583)
Repurchase of common stock	(7,903)					$ (7,903)
Share-based compensation expense	$ 346					$ 346
Stock options exercised (in shares)	142,922					142,922
Stock options exercised	$ 1,329					$ 1,329
Cash dividends declared on common stock	$ (7,342)							(7,342)
Ending balance, preferred stock (in shares) at Sep. 30, 2023				69,141
Ending balance, common stock (in shares) at Sep. 30, 2023	14,319,014					14,319,014
Ending balance at Sep. 30, 2023	$ 341,852			$ 69,141		$ 143,401		142,750			(13,440)
Beginning balance, preferred stock (in shares) at Jun. 30, 2023				69,141
Beginning balance, common stock (in shares) at Jun. 30, 2023						14,318,890
Beginning balance at Jun. 30, 2023	340,411			$ 69,141		$ 143,686		138,315			(10,731)
Comprehensive income (loss)
Net income	7,023							7,023
Other comprehensive loss, net of tax	(2,709)										(2,709)
Issuance of restricted stock (in shares)						3,300
Restricted stock surrendered due to employee tax liability (in shares)						(99)
Restricted stock surrendered due to employee tax liability	(2)					$ (2)
Repurchase of common stock (in shares)						(67,202)
Repurchase of common stock	(1,058)					$ (1,058)
Share-based compensation expense	$ 113					$ 113
Stock options exercised (in shares)	64,125					64,125
Stock options exercised	$ 662					$ 662
Cash dividends declared on common stock	$ (2,588)							(2,588)
Ending balance, preferred stock (in shares) at Sep. 30, 2023				69,141
Ending balance, common stock (in shares) at Sep. 30, 2023	14,319,014					14,319,014
Ending balance at Sep. 30, 2023	$ 341,852			$ 69,141		$ 143,401		$ 142,750			$ (13,440)

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Statement of Stockholders' Equity [Abstract]
Cash dividends declared (in dollars per share)	$ 0.18	$ 0.15	$ 0.51	$ 0.45

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands		9 Months Ended
		Sep. 30, 2023	Sep. 30, 2022
Cash flows from operating activities
Net income		$ 24,797	$ 26,285
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of premises and equipment		1,699	1,072
Net amortization of premiums on securities		169	307
Net accretion of discounts on loans		(2,197)	(2,682)
Net accretion of deferred loan fees		(648)	(2,014)
Amortization of servicing assets		1,344	1,584
Provision (reversal) for credit losses	[1],[2]	(1,830)	2,453
Bank-owned life insurance income		(551)	(525)
Deferred tax expense		625	3,363
Stock-based compensation		346	418
Gain on sale of loans		(2,767)	(7,231)
Originations of loans held-for-sale		(49,753)	(88,236)
Proceeds from sales of and principal collected on loans held-for-sale		65,550	114,400
Change in accrued interest receivable and other assets		2,100	(7,261)
Change in accrued interest payable and other liabilities		14,566	(1,194)
Net cash provided by operating activities		53,450	40,739
Cash flows from investing activities
Purchase of securities available-for-sale		(15,959)	(41,099)
Proceeds from maturities and paydowns of securities available-for-sale		14,298	18,750
Proceeds from principal collected on loans held-for-sale previously classified as held-for-investment		5,074	458
Net change in loans held-for-investment		(104,439)	(226,849)
Purchase of loans held-for-investment		(15,741)	0
Purchase of Federal Home Loan Bank stock		(2,533)	(1,606)
Proceeds from sale of other real estate owned		0	1,191
Purchases of premises and equipment		(1,059)	(2,690)
Net cash used in investing activities		(120,359)	(251,845)
Cash flows from financing activities
Net change in deposits		146,146	110,964
Net change in short-term Federal Home Loan Bank advances		(20,000)	0
Repayment of long-term Federal Home Loan Bank advances		0	(10,000)
Stock options exercised		1,329	737
Restricted stock surrendered due to employee tax liability		(2)	(8)
Issuance of preferred stock		0	69,141
Repurchase of common stock		(7,903)	(2,249)
Cash dividends paid on common stock		(7,342)	(6,726)
Net cash provided by financing activities		112,228	161,859
Net increase (decrease) in cash and cash equivalents		45,319	(49,247)
Cash and cash equivalents at beginning of period		147,031	203,285
Cash and cash equivalents at end of period		192,350	154,038
Supplemental disclosures of cash flow information:
Interest paid		28,008	4,559
Income taxes paid		4,023	12,625
Supplemental disclosures of non-cash investment activities:
Loans transferred to loans held-for-sale		0	458
Loans transferred to other real estate owned		0	151
Right of use assets obtained in exchange for lease obligations		$ 1,360	$ 2,007
[1]Provision (reversal) for credit losses for the three and nine months ended September 30, 2023 is presented under ASC 326, while prior period comparison continues to be presented under legacy ASC 450 and ASC 310.[2]Provision for credit losses for the nine months ended September 30, 2023 is presented under ASC 326, while prior period comparison continue to be presented under legacy ASC 450 and ASC 310.

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies	9 Months Ended
	Sep. 30, 2023
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, 2023, the Bank operated 11 full-service branches in Los Angeles and Orange counties, California, three full-service branches on the East Coast (Bayside, New York; and Englewood Cliffs and Palisades Park, New Jersey), and two full-service branches in Texas (Carrollton and Dallas), and seven loan production offices (“LPOs”) in Los Angeles and Orange Counties, California; Annandale, Virginia; Atlanta, Georgia; Aurora, Colorado; Bellevue, Washington; 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, 2022 filed by the Company with the SEC. The December 31, 2022 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, 2022 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, 2023 are not necessarily indicative of the results that may be expected for the year ending December 31, 2023. Principles of Consolidation The consolidated financial statements include the accounts of PCB Bancorp and its wholly owned subsidiary as of September 30, 2023 and December 31, 2022, and for the three and nine months ended September 30, 2023 and 2022. 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. Other than the adoption of ASU 2016-13, “Financial Instruments-Credit Losses (Topic 326)” discussed below, 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, 2022 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, 2023, the Company adopted following accounting pronouncements. 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 delayed the effective date to 2023 for certain SEC filers that are Smaller Reporting Companies, such as the Company. On January 1, 2023, the Company adopted the provisions of ASC 326 through the application of the modified retrospective transition approach, and recorded a net decrease of $1.9 million to the beginning balance of retained earnings as of January 1, 2023 for the cumulative effect adjustment, reflecting an initial adjustment to the allowance for credit losses (“ACL”) on loans of $1.1 million and the ACL on off-balance sheet credit exposures of $1.6 million, net of related deferred tax assets arising from temporary differences of $788 thousand. The initial adjustment to the ACL is reflective of expected lifetime credit losses associated with the composition of financial assets within the scope of ASC 326 as of January 1, 2023, as well as management’s current expectation of future economic conditions. The following table summarizes the initial adjustment to the ACL as of January 1, 2023: ($ in thousands) Pre-ASC 326 Adoption Impact of ASC 326 Adoption As Reported Under ASC 326 Assets ACL on loans Commercial real estate $ 15,536 $ (610) $ 14,926 Commercial and industrial 5,502 4,344 9,846 Consumer 3,904 (2,667) 1,237 Total ACL on loans 24,942 1,067 26,009 Deferred tax assets 3,115 788 3,903 Liabilities ACL on off-balance sheet credit exposures $ 299 $ 1,607 1,906 Shareholders’ equity Retained earnings $ 127,181 $ (1,886) 125,295 In conjunction with the adoption of ASC 326, the Company made an accounting policy election not to measure an ACL on accrued interest receivables for the loans collectively evaluated. For the loans individually evaluated, the Company considers accrued interest receivables as a part of the amortized cost and measures an ACL. When accrued interest receivable is deemed to be uncollectable, the Company promptly reverses such balances through current period interest income in the period they are deemed uncollectable. Additionally, the Company has also elected not to include the balance of accrued interest receivable in the amortized cost basis of financial assets within the scope of ASC 326. Accrued interest receivable will continue to be presented separately in the Consolidated Balance Sheets. ACL on securities available-for-sale The Company reviewed securities available-for-sale that were in an unrealized loss position as of January 1, 2023 and determined the decline in fair value for those securities was not related to credit, but rather related to changes in interest rates and general market conditions. Additionally, there were no investment securities with previously recorded other-than-temporary impairment (“OTTI”) as of January 1, 2023. As such, no ACL was recorded for securities available-for-sale as of January 1, 2023. ACL on loans The measurement of the ACL on loans is performed by collectively evaluating loans with similar risk characteristics using a discounted cash flow approach. The discounted cash flow methodology incorporates a probability of default (“PD”) and loss given default (“LGD”) model, as well as reasonable and supportable forecasts, and generates an estimate of the contractual cash flows that are not expected to be collected over the life of the loan. The Company leverages its peer group information to estimate PD and LGD. Peer group is selected from institutions in California with total assets between $1 billion and $5 billion. The Company analyzes and compares each loan segment’s volume as a percentage of total loans, recent charge-off rates, and charge-off rate during recession of the peer group against those of the Bank for inclusion in the peer group population. PD and LGD are forecasted over a one-year time horizon using economic forecast scenarios, which the Company believes is a reasonable and supportable period. Beyond the one-year forecast time horizon, the Company’s ACL model reverts to historical long-term average loss rates over a one-year period. The use of reasonable and supportable forecasts requires significant judgment, such as selecting forecast scenarios, as well as determining the appropriate length of the forecast horizon. Management utilizes the economic forecasts provided by the Federal Open Market Committee (“FOMC”) to forecast the first 4 quarters of the credit loss estimate. The FOMC projects national unemployment rate and the projected change in the year-over-year national gross domestic product (“GDP”) growth rates over the forward-looking 4 quarters are used in determining the PD rates over the forecasted periods. A portion of the collectively-evaluated ACL on loans also includes qualitative adjustments for risk factors not reflected or captured by the quantitative modeled ACL but are relevant in estimating future expected credit losses. Qualitative adjustments may be related to and include, but not limited to factors such as: (i) management’s assessment of economic forecasts used in the model and how those forecasts align with management’s overall evaluation of current and expected economic conditions, (ii) organization-specific risks such as credit concentrations, collateral specific risks, regulatory risks, and external factors that may ultimately impact credit quality, (iii) potential model limitations such as limitations identified through back-testing, and other limitations associated with factors such as underwriting changes, acquisition of new portfolios and changes in portfolio segmentation, and (iv) management’s overall assessment of the adequacy of the ACL, including an assessment of ACL model data inputs. Problem loans are typically substandard or have a worse internal risk grade, and may consist of loans on nonaccrual status where the likelihood of foreclosure on underlying collateral has increased, collateral dependent loans and other loans where concern or doubt over the ultimate collectability of all contractual amounts due has become elevated. These problem loans, in the opinion of management, no longer possess risk characteristics similar to other loans in the loan segment, and as such may require individual evaluation for appropriate ACL for the loan. Performing loans individually evaluated, the Company measures the expected credit loss for the loan based on a discounted cash flow approach or fair value of collateral, less costs to sell. Collateral dependent loans are loans to borrowers with financial difficulty where the repayment of the loan is expected from the operation of and/or eventual liquidation of the underlying collateral. As a part of the adoption of ASC 326, the Company reviewed and revised certain loan segments for the Company’s ACL model. Before the adoption of ASC 326, commercial property and SBA property loans were separately presented and represented 63.0% and 6.6% of loans held-for-investment at December 31, 2022, respectively. The Company re-divided these loan segments into commercial property, business property and multifamily loans, as described below, as these new loan segments are determined to share similar characteristics under the Company’s ACL model. In addition, four loan segments before the adoption of ASC 326 (commercial term loans, commercial lines of credit, SBA term loans and SBA PPP loans), which represented 12.2% of loans held-for-investment at December 31, 2022, are combined into a single loan segment, commercial and industrial (“C&I”) loans, as these loans are determined to share similar risk characteristics under the Company’s ACL model. However, loan related disclosures for prior periods continue to be presented under the legacy loan segments in this Quarterly Report on Form 10-Q. Each loan segment bears varying degrees of risk based on, among other things, the type of loan and collateral, and the sensitivity of the borrower or industry to changes in external factors such as economic conditions and interest rate changes. The loan segments are as following: Commercial Real Estate (“CRE”) Loans: • Commercial property loans – Commercial property loans include loans for which the Company holds real property as collateral, but where the borrower does not occupy the underlying property. The primary risks associated with investor property loans include the borrower’s inability to pay, material decreases in the value of the real estate that is being held as collateral, significant increases in interest rates, changes in market rents, and vacancy and conditions of the underlying property, any of which may make the real estate property unprofitable to the borrower. Real estate loans may be more adversely affected by conditions in the real estate markets or in the general economy. • Business property loans – Business property loans include loans for which the Company holds real property as collateral and where the underlying property is occupied by the borrower, such as with a place of business. These loans are primarily underwritten based on the cash flows of the business and secondarily on the real estate. The primary risks associated with business property loans include the borrower’s inability to pay, material decreases in the value of the real estate that is being held as collateral, and significant increases in interest rates, which reduce the cash flows of the underlying business. Real estate loans may be more adversely affected by conditions in the real estate markets or in the general economy. • Multifamily loans: Multifamily loans are secured by multi-tenant (5 or more units) residential real properties. Payments on multifamily loans are dependent on the successful operation or management of the properties, and repayment of these loans may be subject to adverse conditions in the real estate market or the economy. • Construction loans: Construction loans are considered to have higher risks due to construction completion and timing risk, and the ultimate repayment being sensitive to interest rate changes, government regulation of real property, and the availability of long-term financing. Additionally, economic conditions may impact the Company’s ability to recover its investment in construction loans, as adverse economic conditions may negatively impact the real estate market, which could affect the borrower’s ability to complete and sell the project. The fair value of the underlying collateral may fluctuate as market conditions change. The primary risks include the borrower’s inability to pay and the inability of the Company to recover its investment due to a decline in the fair value of the underlying collateral. Commercial and Industrial Loans: • Commercial and industrial loans – The C&I loan category includes commercial term loans and commercial lines of credit. Commercial term loans are typically extended to finance business acquisitions, permanent working capital needs, and/or equipment purchases. Commercial lines of credit are generally provided to finance short-term working capital needs and mortgage warehouse lending credit facilities. Mortgage warehouse lending is a line of credit given to a loan originator, the funds from which are used to finance a mortgage that a borrower uses to purchase single-family residential property or refinance an existing mortgage. The primary risk associated with C&I loans is the difference between expected and actual cash flows of the borrowers. In addition, the recoverability of the Company’s investment in these loans is also dependent on other factors primarily dictated by the type of collateral securing these loans, and occasionally upon other borrower assets and guarantor assets. Consumer Loans • Residential mortgage loans – The primary risks of residential mortgage loans include the borrower’s inability to pay, material decreases in the value of the real estate that is being held as collateral, and significant increases in interest rates, which may reduce the borrower’s capacity to pay. • Other consumer loans – Other consumer loans primarily include automobile loans, as well as unsecured lines of credit and term loans to high net worth individuals. Automobile loans have relatively lower LTV ratios on average and carry higher interest rates to offset for the inherently higher default risks. Unsecured lines of credit and term consumer loans are underwritten primarily based on the individual borrower’s income, current debt level, and past credit history. Repayment of these loans is dependent on the borrower’s ability to pay, and the fair value of the underlying collateral for automobile loans. The following table presents a summary of reclassification of loans held-for-investment as the date indicated: ($ in thousands) December 31, 2022 Reclassification January 1, 2023 Commercial property (1) $ 1,288,392 $ (1,288,392) $ — SBA property 134,892 (134,892) — Commercial property N/A 772,020 772,020 Business property N/A 526,513 526,513 Multifamily N/A 124,751 124,751 Total Reclassed: 1,423,284 — 1,423,284 Construction 17,054 — 17,054 Commercial and industrial 249,250 — 249,250 Residential property 333,726 — 333,726 Other consumer 22,749 — 22,749 Total loans held-for-investment $ 2,046,063 $ — $ 2,046,063 (1) Commercial property loans under the legacy loan segments included all commercial property, business property and multifamily loans under the new loan segments. The following table presents a summary of reclassification of ACL on loans as the date indicated as well as the initial adjustment to the ACL as of January 1, 2023 : ($ in thousands) December 31, 2022 Reclassification January 1, 2023 Impact of ASC 326 Adoption As Reported Under ASC 326 Commercial property (1) $ 14,059 $ (14,059) $ — $ — $ — SBA property 1,326 (1,326) — — — Commercial property N/A 8,502 8,502 (1,762) 6,740 Business property N/A 5,749 5,749 896 6,645 Multifamily N/A 1,134 1,134 256 1,390 Total Reclassed: 15,385 — 15,385 (610) 14,775 Construction 151 — 151 — 151 Commercial and industrial 5,502 — 5,502 4,344 9,846 Residential property 3,691 — 3,691 (2,534) 1,157 Other consumer 213 — 213 (133) 80 Total ACL $ 24,942 $ — $ 24,942 $ 1,067 $ 26,009 (1) Commercial property loans under the legacy loan segments included all commercial property, business property and multifamily loans under the new loan segments. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures The Company applies an expected credit loss estimation methodology applied to each respective loan segment for determining the ACL on off-balance sheet credit exposures. These assumptions are based on the Company’s own historical internal loan data. 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 eliminate 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 ASU 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 adopted this ASU as of January 1, 2023, in conjunction with the adoption of ASU 2016-13. The Company did not have a material impact on its consolidated financial statements upon adoption of this ASU. Recent Accounting Pronouncements Not Yet Adopted There were no significant accounting pronouncements applicable to the Company that have not yet been adopted.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2023
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. Loans individually evaluated : Certain collateral-dependent loans individually evaluated 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 loans individually evaluated 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, 2023 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ — $ 100,271 $ — $ 100,271 Residential collateralized mortgage obligations — 24,196 — 24,196 SBA loan pool securities — 7,578 — 7,578 Municipal bonds — 3,076 — 3,076 Corporate bonds — 4,097 — 4,097 Total securities available-for-sale — 139,218 — 139,218 Total assets measured at fair value on a recurring basis $ — $ 139,218 $ — $ 139,218 Total liabilities measured at fair value on a recurring basis $ — $ — $ — $ — December 31, 2022 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ — $ 96,900 $ — $ 96,900 Residential collateralized mortgage obligations — 26,956 — 26,956 SBA loan pool securities — 9,298 — 9,298 Municipal bonds — 4,186 — 4,186 Corporate bonds — 4,523 — 4,523 Total securities available-for-sale — 141,863 — 141,863 Total assets measured at fair value on a recurring basis $ — $ 141,863 $ — $ 141,863 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, 2023 Loans individually evaluated: Business property $ — $ — $ 120 $ 120 Total loans individually evaluated — — 120 120 Total assets measured at fair value on a non-recurring basis $ — $ — $ 120 $ 120 Total liabilities measured at fair value on a non-recurring basis $ — $ — $ — $ — December 31, 2022 Impaired loans: Commercial lines of credit (1) $ — $ — $ 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 $ — $ — $ — $ — (1) Included in loans held-for-sale 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, 2023 Loans individually evaluated: Business property $ 120 Fair value of collateral NM NM December 31, 2022 Impaired loans: Commercial lines of credit (1) $ 4,000 Pending Sales Agreement NM NM (1) Included in loans held-for-sale. The following table presents gains or losses, including charge-offs, recoveries, and specific reserves recorded, for assets measured at fair value for the periods indicated: Three Months Ended September 30, Nine Months Ended September 30, ($ in thousands) 2023 2022 2023 2022 Loans individually evaluated: Business property $ (15) $ — $ (47) $ — Commercial and industrial — — 1,074 — Other real estate owned — 152 — 152 Net gains recognized $ (15) $ 152 $ 1,027 $ 152 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, 2023 Financial assets: Interest-bearing deposits in other financial institutions $ 169,659 $ 169,659 $ 169,659 $ — $ — Securities available-for-sale 139,218 139,218 — 139,218 — Loans held-for-sale 6,693 7,111 — 7,111 — Net loans held-for-investment 2,142,006 2,057,783 — — 2,057,783 Federal Home Loan Bank (“FHLB”) and other restricted stock 12,716 N/A N/A N/A N/A Accrued interest receivable 8,731 8,731 318 462 7,951 Financial liabilities: Deposits $ 2,192,129 $ 2,191,128 $ — $ — $ 2,191,128 Accrued interest payable 18,797 18,797 — — 18,797 December 31, 2022 Financial assets: Interest-bearing deposits in other financial institutions $ 123,829 $ 123,829 $ 123,829 $ — $ — Securities available-for-sale 141,863 141,863 — 141,863 — Loans held-for-sale 22,811 23,992 — 23,992 — Net loans held-for-investment 2,021,121 1,970,235 — — 1,970,235 FHLB and other restricted stock 10,183 N/A N/A N/A N/A Accrued interest receivable 7,472 7,472 49 475 6,948 Financial liabilities: Deposits $ 2,045,983 $ 2,041,667 $ — $ — $ 2,041,667 FHLB advances 20,000 20,001 — 20,001 — Accrued interest payable 3,159 3,159 — 5 3,154

Investment Securities

Investment Securities	9 Months Ended
	Sep. 30, 2023
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, 2023 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ 115,837 $ — $ (15,566) $ 100,271 Residential collateralized mortgage obligations 26,303 — (2,107) 24,196 SBA loan pool securities 8,027 3 (452) 7,578 Municipal bonds 3,305 1 (230) 3,076 Corporate bonds 5,000 — (903) 4,097 Total securities available-for-sale $ 158,472 $ 4 $ (19,258) $ 139,218 December 31, 2022 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ 109,497 $ 1 $ (12,598) $ 96,900 Residential collateralized mortgage obligations 28,515 107 (1,666) 26,956 SBA loan pool securities 9,704 8 (414) 9,298 Municipal bonds 4,262 2 (78) 4,186 Corporate bonds 5,000 — (477) 4,523 Total securities available-for-sale $ 156,978 $ 118 $ (15,233) $ 141,863 As of September 30, 2023 and December 31, 2022, pledged securities were $70.0 million and $69.0 million, respectively. These securities were pledged for the State Deposit from the California State Treasurer. The Company elected to exclude accrued interest receivable from the amortized cost of its securities available-for-sale. Accrued interest receivable on securities available-for-sale totaled $462 thousand and $475 thousand at September 30, 2023 and December 31, 2022, respectively. As of September 30, 2023 and December 31, 2022, there were no holdings of securities available-for-sale of any one issuer, other than the U.S. government agency and U.S. government sponsored enterprise, in an amount greater than 10% of shareholder’s equity. The following table presents the amortized cost and fair value of the securities available-for-sale by contractual maturity as of the date indicated. Expected maturities may differ from contractual maturities, if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately. September 30, 2023 ($ in thousands) Amortized Cost Fair Value Within one year $ 865 $ 861 One to five years 81 76 Five to ten years 5,725 4,761 Greater than ten years 1,634 1,475 Residential mortgage-backed securities, residential collateralized mortgage obligations and SBA loan pool securities 150,167 132,045 Total $ 158,472 $ 139,218 The Company had no proceeds from sales and calls of securities available-for-sale for the three and nine months ended September 30, 2023. For the three and nine months ended September 30, 2022, the Company had proceeds of $1.0 million from calls of securities available-for-sale. The following table summarizes the investment securities with unrealized losses by security type and length of time in a continuous unrealized loss position for which an ACL has not been recorded as of the dates indicated: Length of Time that Individual Securities Have Been In a Continuous Unrealized Loss Position Less Than 12 Months 12 Months or Longer Total ($ 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, 2023 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ 25,453 $ (859) 16 $ 74,818 $ (14,707) 110 $ 100,271 $ (15,566) 126 Residential collateralized mortgage obligations 11,300 (226) 7 12,896 (1,881) 35 24,196 (2,107) 42 SBA loan pool securities 1,505 (2) 2 5,228 (450) 12 6,733 (452) 14 Municipal bonds 2,215 (225) 7 361 (5) 1 2,576 (230) 8 Corporate bonds — — — 4,097 (903) 1 4,097 (903) 1 Total securities available-for-sale $ 40,473 $ (1,312) 32 $ 97,400 $ (17,946) 159 $ 137,873 $ (19,258) 191 December 31, 2022 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ 55,171 $ (3,721) 83 $ 41,697 $ (8,877) 36 $ 96,868 $ (12,598) 119 Residential collateralized mortgage obligations 12,600 (1,191) 29 2,262 (475) 7 14,862 (1,666) 36 SBA loan pool securities 7,161 (325) 12 821 (89) 2 7,982 (414) 14 Municipal bonds 3,314 (78) 11 — — — 3,314 (78) 11 Corporate bonds 4,523 (477) 1 — — — 4,523 (477) 1 Total securities available-for-sale $ 82,769 $ (5,792) 136 $ 44,780 $ (9,441) 45 $ 127,549 $ (15,233) 181 As of September 30, 2023, 94.8%, at amortized cost basis, of the Company's securities available-for-sale were issued by U.S. government agency and U.S. government sponsored enterprise. Because the decline in fair value is attributable to changes in interest rates and illiquidity, and not credit quality, and because the Company does not have the intent to sell these securities and it is likely that it will not be required to sell these securities before their anticipated recovery, the Company determined that these securities with unrealized losses did not warrant an ACL. Municipal and corporate bonds 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, 2023. 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 therefore determined that the investment securities with unrealized losses did not warrant an ACL as of September 30, 2023. As of September 30, 2023, the Company recorded no ACL on securities available-for-sale.

Loans and Allowance for Credit

Loans and Allowance for Credit Losses on Loans	9 Months Ended
	Sep. 30, 2023
Receivables [Abstract]
Loans and Allowance for Credit Losses on Loans	Loans and Allowance for Credit Losses on Loans On January 1, 2023, the Company adopted ASU 2016-13 using the modified retrospective method through a cumulative-effect adjustment to retained earnings. Balance sheet information and results for reporting periods beginning with January 1, 2023 are presented under ASC 326, while prior period comparisons continue to be presented under legacy ASC 450 and ASC 310. Loans Held-For-Investment The following table presents the composition of the Company’s loans held-for-investment as of the dates indicated. ($ in thousands) September 30, 2023 January 1, 2023 Commercial real estate: Commercial property $ 814,547 $ 772,020 Business property 537,351 526,513 Multifamily 132,558 124,751 Construction 19,246 17,054 Total commercial real estate 1,503,702 1,440,338 Commercial and industrial 279,608 249,250 Consumer: Residential mortgage 363,369 333,726 Other consumer 20,926 22,749 Total consumer 384,295 356,475 Loans held-for-investment 2,167,605 2,046,063 Allowance for credit losses on loans (25,599) (26,009) Net loans held-for-investment $ 2,142,006 $ 2,020,054 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, 2023, the Company had $111 thousand of such loans outstanding. Allowance for Credit Losses on Loans The following table presents a composition of provision (reversal) for credit losses for the periods indicated: ($ in thousands) Three Months Ended September 30, 2023 Nine Months Ended September 30, 2023 Provision (reversal) for credit losses on loans $ 822 $ (1,438) Reversal for credit losses on off-balance sheet credit exposures (71) (392) Total provision (reversal) for credit losses $ 751 $ (1,830) The following table presents the activities in ACL on loans for the periods indicated: ($ in thousands) Commercial Property Business Property Multifamily Construction Commercial and Industrial Residential Mortgage Other Consumer Total Balance at July 1, 2023 $ 9,601 $ 6,077 $ 1,259 $ 125 $ 6,513 $ 1,216 $ 76 $ 24,867 Charge-offs — — — — (45) — (67) (112) Recoveries — 2 — — 8 — 12 22 Provision (reversal) for credit losses on loans 1,747 (1,922) 554 (30) (468) 877 64 822 Balance at September 30, 2023 $ 11,348 $ 4,157 $ 1,813 $ 95 $ 6,008 $ 2,093 $ 85 $ 25,599 Balance at January 1, 2023 $ 8,502 $ 5,749 $ 1,134 $ 151 $ 5,502 $ 3,691 $ 213 $ 24,942 Impact of ASC 326 adoption (1,762) 896 256 — 4,344 (2,534) (133) 1,067 Charge-offs — (4) — — (45) — (70) (119) Recoveries — 8 — — 1,100 — 39 1,147 Provision (reversal) for credit losses on loans 4,608 (2,492) 423 (56) (4,893) 936 36 (1,438) Balance at September 30, 2023 $ 11,348 $ 4,157 $ 1,813 $ 95 $ 6,008 $ 2,093 $ 85 $ 25,599 The increase in overall ACL for the three months ended September 30, 2023 was primarily due to an increase in loans held-for-investment and the update of prepayment and principal curtailment rate assumptions applied in determining the maximum threshold for qualitative adjustment factors that resulted in increases in the high watermarks for each loan segment’s qualitative adjustment factors, partially offset by decreases in quantitative reserves from improvements in the economic forecasts and update of the historical losses of peer groups. The Company updates prepayment and principal curtailment rates on semiannual basis and the historical losses of peer groups, including the maximum loss scenario used for qualitative factor adjustments, on annual basis. 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 summarize the Company’s loans held-for-investment by loan segment, internal risk ratings and vintage year as of September 30, 2023 and gross write offs for the nine months ended September 30, 2023. The vintage year is the year of origination, renewal or major modification. Revolving loans that are converted to term loans presented in the table below are excluded from term loans by vintage year columns. Term Loans by Origination Year Revolving Loans Revolving Loans Converted to Term ($ in thousands) 2023 2022 2021 2020 2019 Prior Total September 30, 2023 Commercial Real Estate: Commercial property Pass $ 95,320 $ 271,938 $ 157,359 $ 85,631 $ 70,950 $ 116,624 $ 10,731 $ — $ 808,553 Special mention — — 486 — — 2,966 — — 3,452 Substandard — — — — 313 2,229 — — 2,542 Doubtful — — — — — — — — — Total $ 95,320 $ 271,938 $ 157,845 $ 85,631 $ 71,263 $ 121,819 $ 10,731 $ — $ 814,547 Current period gross write offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Business property Pass $ 56,612 $ 109,820 $ 171,944 $ 51,462 $ 70,621 $ 66,757 $ 2,559 $ 4,355 $ 534,130 Special mention — — — — — — — — — Substandard — — 193 — 2,321 707 — — 3,221 Doubtful — — — — — — — — — Total $ 56,612 $ 109,820 $ 172,137 $ 51,462 $ 72,942 $ 67,464 $ 2,559 $ 4,355 $ 537,351 Current period gross write offs $ — $ — $ — $ — $ — $ 4 $ — $ — $ 4 Multifamily Pass $ 12,908 $ 40,797 $ 43,456 $ 26,651 $ 2,432 $ 6,314 $ — $ — $ 132,558 Special mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total $ 12,908 $ 40,797 $ 43,456 $ 26,651 $ 2,432 $ 6,314 $ — $ — $ 132,558 Current period gross write offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Construction Pass $ 1,279 $ 8,614 $ — $ 6,503 $ 2,850 $ — $ — $ — $ 19,246 Special mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total $ 1,279 $ 8,614 $ — $ 6,503 $ 2,850 $ — $ — $ — $ 19,246 Current period gross write offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Term Loans by Origination Year Revolving Loans Revolving Loans Converted to Term ($ in thousands) 2023 2022 2021 2020 2019 Prior Total September 30, 2023 (Continued) Commercial and Industrial Pass $ 37,031 $ 29,884 $ 12,732 $ 4,703 $ 6,755 $ 11,049 $ 171,713 $ 2,941 $ 276,808 Special mention — — — 380 343 106 1,000 — 1,829 Substandard — — — — 151 820 — — 971 Doubtful — — — — — — — — — Total $ 37,031 $ 29,884 $ 12,732 $ 5,083 $ 7,249 $ 11,975 $ 172,713 $ 2,941 $ 279,608 Current period gross write offs $ — $ — $ — $ — $ — $ 45 $ — $ — $ 45 Consumer Residential mortgage Pass $ 48,201 $ 166,279 $ 79,297 $ 11,740 $ 10,948 $ 46,904 $ — $ — $ 363,369 Special mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total $ 48,201 $ 166,279 $ 79,297 $ 11,740 $ 10,948 $ 46,904 $ — $ — $ 363,369 Current period gross write offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Other consumer Pass $ 5,200 $ 8,400 $ 3,686 $ 1,615 $ 657 $ 20 $ 1,340 $ — $ 20,918 Special mention — — — — — — — — — Substandard — — — 8 — — — — 8 Doubtful — — — — — — — — — Total $ 5,200 $ 8,400 $ 3,686 $ 1,623 $ 657 $ 20 $ 1,340 $ — $ 20,926 Current period gross write offs $ — $ 58 $ — $ 12 $ — $ — $ — $ — $ 70 Total loans held-for-investment Pass $ 256,551 $ 635,732 $ 468,474 $ 188,305 $ 165,213 $ 247,668 $ 186,343 $ 7,296 $ 2,155,582 Special mention — — 486 380 343 3,072 1,000 — 5,281 Substandard — — 193 8 2,785 3,756 — — 6,742 Doubtful — — — — — — — — — Total $ 256,551 $ 635,732 $ 469,153 $ 188,693 $ 168,341 $ 254,496 $ 187,343 $ 7,296 $ 2,167,605 Current period gross write offs $ — $ 58 $ — $ 12 $ — $ 49 $ — $ — $ 119 Nonaccrual Loans The following table presents the loans on nonaccrual status by loan segments as of the date indicated: ($ in thousands) Total Nonaccrual Loans Nonaccrual Loans with ACL ACL on Nonaccrual Loans Collateral Dependent Nonaccrual Loans ACL on Collateral Dependent Nonaccrual Loans September 30, 2023 Commercial real estate: Commercial property $ 686 $ — $ — $ 686 $ — Business property 2,964 167 47 2,964 47 Total commercial real estate 3,650 167 47 3,650 47 Commercial and industrial 72 — — 72 — Consumer: Other consumer 8 8 1 — — Total consumer 8 8 1 — — Total $ 3,730 $ 175 $ 48 $ 3,722 $ 47 There were no nonaccrual loans guaranteed by a U.S. government agency at September 30, 2023. Collateral Dependent Loans Loans that have been classified as collateral dependent are loans where substantially all repayment of the loan is expected to come from the operation of or eventual liquidation of the collateral. Collateral dependent loans are evaluated individually for purposes of determining the ACL, which is determined based on the estimated fair value of the collateral. Estimates for costs to sell are included in the determination of the ACL when liquidation of the collateral is anticipated. In cases where the loan is well secured and the estimated value of the collateral exceeds the amortized cost of the loan, no ACL is recorded. The following table presents the collateral dependent loans by loan segments as of the date indicated: ($ in thousands) Hotel / Motel Warehouse Retail Single Family Residential Total September 30, 2023 Commercial real estate: Commercial property $ 686 $ — $ — $ — $ 686 Business property — 2,205 759 — 2,964 Total commercial real estate 686 2,205 759 — 3,650 Commercial and industrial 14 — — 58 72 Total $ 700 $ 2,205 $ 759 $ 58 $ 3,722 Past Due Loans The following table presents the aging of past due in accruing loans and nonaccrual loans by loan segments as of date indicated: Still Accruing Nonaccrual ($ in thousands) 30 to 59 Days Past Due 60 to 89 Days Past Due 90 or More Days Past Due Total 30 to 59 Days Past Due 60 to 89 Days Past Due 90 or More Days Past Due Total Total Loans Past Due September 30, 2023 Commercial real estate: Commercial property $ 358 $ — $ — $ 358 $ 686 $ — $ — $ 686 $ 1,044 Business property 204 — — 204 — — 759 759 963 Total commercial real estate 562 — — 562 686 — 759 1,445 2,007 Consumer: Other consumer 92 54 — 146 — — — — 146 Total consumer 92 54 — 146 — — — — 146 Total $ 654 $ 54 $ — $ 708 $ 686 $ — $ 759 $ 1,445 $ 2,153 Loan Modification Occasionally, the Company modifies loans to borrowers in financial distress by providing principal forgiveness, term extension, an other-than-insignificant payment delay, interest rate reduction or combination of at above mentioned modifications. When principal forgiveness is provided, the amount of forgiveness is charged-off against the ACL. There were no loans that were both experiencing financial difficulty and modified during the three and nine months ended September 30, 2023. Purchases, Sales, and Transfers The Company had no loans that were transferred from loans held-for-investment to loans held-for-sale the three and nine months ended September 30, 2023. 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, 2023. The following table presents a summary of purchases of loans held-for-investment for the periods indicated: ($ in thousands) Three Months Ended September 30, 2023 Nine Months Ended September 30, 2023 Consumer: Residential mortgage $ — $ 15,741 Total consumer — 15,741 Total $ — $ 15,741 Loans Held-For-Sale The following table presents a composition of loans held-for-sale as of the date indicated: ($ in thousands) September 30, 2023 Commercial real estate: Business property $ 5,355 Total commercial real estate 5,355 Commercial and industrial 1,338 Total $ 6,693 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 ACL on loans. Prior to Adoption of ASC 326 Loans Held-For-Investment The following table presents the composition of the Company’s loans held-for-investment by legacy loan segments as of the date indicated: ($ in thousands) December 31, 2022 Real estate loans: Commercial property $ 1,288,392 Residential property 333,726 SBA property 134,892 Construction 17,054 Total real estate loans 1,774,064 Commercial and industrial loans: Commercial term 77,700 Commercial lines of credit 154,142 SBA commercial term 16,211 SBA PPP 1,197 Total commercial and industrial loans 249,250 Other consumer loans 22,749 Loans held-for-investment 2,046,063 Allowance for loan losses (24,942) Net loans held-for-investment $ 2,021,121 In the ordinary course of business, the Company may grant loans to certain officers and directors, and the companies with which they are associated. As of December 31, 2022, the Company had $113 thousand of such loans outstanding. Allowance for Loan Losses The following table presents the activities in allowance for loan losses by legacy loan segments for the periods indicated: ($ 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 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 The following tables present the information on allowance for loan losses and recorded investments by legacy loan segments and impairment methodology as of the date indicated: ($ in thousands) Real Estate Commercial and Industrial Consumer Total December 31, 2022 Allowance for loan losses: Individually evaluated for impairment $ — $ — $ — $ — Collectively evaluated for impairment 19,227 5,502 213 24,942 Total $ 19,227 $ 5,502 $ 213 $ 24,942 Loans receivable: Individually evaluated for impairment $ 3,889 $ — $ — $ 3,889 Collectively evaluated for impairment 1,770,175 249,250 22,749 2,042,174 Total $ 1,774,064 $ 249,250 $ 22,749 $ 2,046,063 Impaired Loans The following table presents loans individually evaluated for impairment by legacy loan segments as of the date indicated. The recorded investment presents customer balances net of any partial charge-offs recognized on the loans and net of any deferred fees and costs. With No Allowance Recorded With an Allowance Recorded ($ in thousands) Recorded Investment Unpaid Principal Balance Recorded Investment Unpaid Principal Balance Related Allowance December 31, 2022 Real estate loans: Commercial property $ 2,721 $ 2,727 $ — $ — $ — Residential property 372 372 — — — SBA property 798 840 — — — Total $ 3,891 $ 3,939 $ — $ — $ — The following table presents information on the recorded investment in impaired loans by legacy loan segments for the periods indicated: Three Months Ended September 30, 2022 Nine Months Ended September 30, 2022 ($ in thousands) Average Recorded Investment Interest Income Average Recorded Investment Interest Income Real estate loans: Commercial property $ 2,772 $ 5 $ 1,140 $ 16 Residential property 225 — 381 — SBA property 783 4 881 10 Commercial and industrial loans: Commercial lines of credit 4,537 — 1,512 — SBA commercial term 95 — 168 — Total $ 8,412 $ 9 $ 4,082 $ 26 The following table presents a summary of interest foregone on impaired loans for the periods indicated: ($ in thousands) Three Months Ended September 30, 2022 Nine Months Ended September 30, 2022 Interest income that would have been recognized had impaired loans performed in accordance with their original terms $ 109 $ 159 Less: interest income recognized on impaired loans on a cash basis (9) (26) Interest income foregone on impaired loans $ 100 $ 133 Credit Quality Indicators The following table presents the risk categories for loans held-for-investment by legacy loan segments as of the date indicated: ($ in thousands) Pass Special Mention Substandard Doubtful Total December 31, 2022 Real estate loans: Commercial property $ 1,282,044 $ 3,264 $ 3,084 $ — $ 1,288,392 Residential property 333,354 — 372 — 333,726 SBA property 132,910 245 1,737 — 134,892 Construction 17,054 — — — 17,054 Commercial and industrial loans: Commercial term 75,473 1,248 979 — 77,700 Commercial lines of credit 152,042 2,100 — — 154,142 SBA commercial term 16,175 — 36 — 16,211 SBA PPP 1,197 — — — 1,197 Other consumer loans 22,746 — 3 — 22,749 Total $ 2,032,995 $ 6,857 $ 6,211 $ — $ 2,046,063 Past Due and Nonaccrual Loans The following table presents the aging of past due recorded investment in accruing loans and nonaccrual loans by legacy loan segments as of the date indicated: Still Accruing ($ in thousands) 30 to 59 Days Past Due 60 to 89 Days Past Due 90 or More Days Past Due Nonaccrual Total Past Due and Nonaccrual December 31, 2022 Real estate loans: Commercial property $ — $ — $ — $ 2,400 $ 2,400 Residential property — — — 372 372 SBA property — — — 585 585 Other consumer loans 47 87 — 3 137 Total $ 47 $ 87 $ — $ 3,360 $ 3,494 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: ($ in thousands) Three Months Ended September 30, 2022 Nine Months Ended September 30, 2022 Real estate loans: Residential property $ 458 $ 458 Total $ 458 $ 458 The Company had no loans that were transferred from loans held-for-sale to loans held-for investment and no purchases of loans held-for-investment during the three and nine months ended September 30, 2022. Loans Held-For-Sale The following table presents a composition of loans held-for-sale by legacy loan segments as of the date indicated: ($ in thousands) December 31, 2022 Real estate loans: SBA property $ 16,473 Commercial and industrial loans: Commercial lines of credit 4,000 SBA commercial term 2,338 Total $ 22,811

Servicing Assets

Servicing Assets	9 Months Ended
	Sep. 30, 2023
Transfers and Servicing [Abstract]
Servicing Assets	Servicing Assets The Company sells SBA and certain residential mortgage loans with servicing retained. SBA loans are included in commercial real estate loans (“CRE SBA”) and commercial and industrial loans (“C&I SBA”). The Company sold loans of $17.7 million and $27.3 million, respectively, with the servicing rights retained and recognized a net gain on sale of $689 thousand and $1.4 million, respectively, during the three months ended September 30, 2023 and 2022. During the nine months ended September 30, 2023 and 2022, the Company sold loans of $61.6 million and $105.4 million, respectively, with the servicing retained and recognized a net gain on sale of $2.8 million and $7.2 million, respectively. Loan servicing income was $851 thousand and $780 thousand for the three months ended September 30, 2023 and 2022, respectively, and $2.6 million and $2.2 million for the nine months ended September 30, 2023 and 2022, respectively. The following table presents the composition of servicing assets with key assumptions used to estimate the fair value as of the dates indicated: September 30, 2023 December 31, 2022 ($ in thousands) Residential Mortgage CRE SBA C&I SBA Total Residential Mortgage CRE SBA C&I SBA Total Carrying amount $ 51 $ 6,434 $ 435 $ 6,920 $ 64 $ 6,831 $ 452 $ 7,347 Fair value $ 100 $ 8,575 $ 631 $ 9,306 $ 118 $ 9,090 $ 620 $ 9,828 Discount rate 9.93 % 12.30 % 15.46 % 7.73 % 11.47 % 12.55 % Prepayment speed 15.15 % 16.12 % 15.26 % 17.10 % 14.82 % 18.93 % Weighted-average remaining life 20.0 years 21.1 years 6.9 years 20.8 years 21.4 years 6.7 years Underlying loans being serviced $ 10,942 $ 469,727 $ 55,755 $ 536,424 $ 13,058 $ 461,738 $ 56,299 $ 531,095 The following tables present activity in servicing assets for the periods indicated: Three Months Ended September 30, 2023 2022 ($ in thousands) Residential Mortgage CRE SBA C&I SBA Total Residential Mortgage CRE SBA C&I SBA Total Balance at beginning of period $ 55 $ 6,655 $ 432 $ 7,142 $ 72 $ 7,193 $ 451 $ 7,716 Additions — 199 50 249 — 370 64 434 Amortization (4) (420) (47) (471) (6) (457) (60) (523) Balance at end of period $ 51 $ 6,434 $ 435 $ 6,920 $ 66 $ 7,106 $ 455 $ 7,627 Nine Months Ended September 30, 2023 2022 ($ in thousands) Residential Mortgage CRE SBA C&I SBA Total Residential Mortgage CRE SBA C&I SBA Total Balance at beginning of period $ 64 $ 6,831 $ 452 $ 7,347 $ 86 $ 6,701 $ 482 $ 7,269 Additions — 787 130 917 — 1,784 158 1,942 Amortization (13) (1,184) (147) (1,344) (20) (1,379) (185) (1,584) Balance at end of period $ 51 $ 6,434 $ 435 $ 6,920 $ 66 $ 7,106 $ 455 $ 7,627

Operating Leases

Operating Leases	9 Months Ended
	Sep. 30, 2023
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) 2023 2022 2023 2022 Operating lease cost (1) $ 744 $ 705 $ 2,237 $ 2,029 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 809 $ 755 $ 2,440 $ 2,182 Right of use assets obtained in exchange for lease obligations $ 1,134 $ 1,043 $ 1,360 $ 2,007 (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, 2023 December 31, 2022 Operating leases: Operating lease assets $ 5,626 $ 6,358 Operating lease liabilities $ 5,852 $ 6,809 Weighted-average remaining lease term 4.5 years 4.3 years Weighted-average discount rate 3.12 % 2.66 % The following table presents maturities of operating lease liabilities as of the date indicated: ($ in thousands) September 30, 2023 Maturities: 2023 $ 465 2024 1,684 2025 1,509 2026 1,088 2027 644 After 2027 996 Total lease payment 6,386 Imputed Interest (534) Present value of operating lease liabilities $ 5,852

Federal Home Loan Bank Advances

Federal Home Loan Bank Advances and Other Borrowings	9 Months Ended
	Sep. 30, 2023
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, 2023. At December 31, 2022, the Company had an overnight FHLB advance of $20.0 million with an interest rate of 4.65%. The Bank repaid the advance upon maturity. At September 30, 2023 and December 31, 2022, loans pledged to secure borrowings from the FHLB were $1.02 billion and $1.16 billion, respectively. The Company’s investment in capital stock of the FHLB of San Francisco totaled $12.5 million and $10.0 million at September 30, 2023 and December 31, 2022, respectively. The Company had additional borrowing capacity of $639.1 million and $561.7 million from the FHLB as of September 30, 2023 and December 31, 2022, respectively. Other Borrowing Arrangements At September 30, 2023, the Company had $490.6 million of unused borrowing capacity from the Federal Reserve Discount Window, to which the Company pledged loans with a carrying value of $632.2 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, 2023.

Shareholders_ Equity

Shareholders’ Equity	9 Months Ended
	Sep. 30, 2023
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”). The ECIP investment qualifies as tier 1 capital for purposes of the bank regulatory capital requirements. 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 Repurchases On July 28, 2022, the Company’s Board of Directors approved a repurchase program authorizing the repurchase of up to 5% of the Company’s outstanding common stock, which represented 747,938 shares, through February 1, 2023. On January 26, 2023, the Company announced the amendment of the repurchase program, which extended the program expiration from February 1, 2023 to February 1, 2024. The Company completed the repurchase of all shares under this program during the three months ended March 31, 2023. The Company repurchased and retired 747,938 shares of common stock at a weighted-average price of $18.15 per share, totaling $13.6 million under this repurchase program. On August 2, 2023, the Company’s Board of Directors approved a new repurchase program authorizing the repurchase of up to 5% of the Company’s outstanding common stock, which represented 720,000 shares, through August 2, 2024. The Company repurchased and retired 67,202 shares of common stock at a weighted-average price of $15.75 per share, totaling $1.1 million under this repurchase program through September 30, 2023.

Share-Based Compensation

Share-Based Compensation	9 Months Ended
	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
Share-Based Compensation	Share-Based Compensation On May 25, 2023, the Company adopted the 2023 Equity Based Compensation Plan (“2023 EBC Plan”) approved by its shareholders to replace the 2013 Equity Based Stock Compensation Plan. The 2023 EBC Plan provides 700,000 shares of common stock for equity based compensation awards including incentive and non-qualified stock options, and restricted stock awards. As of September 30, 2023, there were 696,700 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) 2023 2022 2023 2022 Share-based compensation expense related to: Stock options $ 27 $ 40 $ 90 $ 130 Restricted stock awards 86 95 256 288 Total share-based compensation expense $ 113 $ 135 $ 346 $ 418 Related tax benefits $ 25 $ 29 $ 75 $ 89 The following table presents unrecognized share-based compensation expense as of the date indicated: September 30, 2023 ($ in thousands) Unrecognized Expense Weighted-Average Remaining Expected Recognition Period Unrecognized share-based compensation expense related to: Stock options $ 224 2.9 years Restricted stock awards 559 2.6 years Total unrecognized share-based compensation expense $ 783 2.7 years Stock Options The following tables represent stock option activity for the periods indicated: Three Months Ended September 30, 2023 ($ 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 487,840 $ 13.14 3.9 years $ 765 Exercised (64,125) $ 10.33 1.0 years Outstanding at end of period 423,715 $ 13.57 3.9 years $ 798 Exercisable at end of period 345,715 $ 12.32 3.1 years $ 1,082 Nine Months Ended September 30, 2023 ($ 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 566,637 $ 12.49 4.1 years $ 2,946 Exercised (142,922) $ 9.30 1.6 years Outstanding at end of period 423,715 $ 13.57 3.9 years $ 798 Exercisable at end of period 345,715 $ 12.32 3.1 years $ 1,082 The following table represents information regarding unvested stock options for the periods indicated: Three Months Ended September 30, 2023 Nine Months Ended September 30, 2023 Number of Shares Weighted-Average Exercise Price Per Share Number of Shares Weighted-Average Exercise Price Per Share Outstanding at beginning of period 81,000 $ 19.01 94,000 $ 18.95 Vested (3,000) $ 16.58 (16,000) $ 18.22 Outstanding at end of period 78,000 $ 19.10 78,000 $ 19.10 Restricted Stock Awards The following table represents restricted stock award activity for the periods indicated: Three Months Ended September 30, 2023 Nine Months Ended September 30, 2023 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 45,761 $ 17.53 62,022 $ 16.59 Granted 3,300 $ 15.80 3,300 $ 15.80 Vested (6,900) $ 16.76 (23,161) $ 14.77 Outstanding at end of period 42,161 $ 17.52 42,161 $ 17.52

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income tax expense was $3.0 million and $2.8 million, respectively, and the effective tax rate was 29.7% and 28.7%, respectively, for the three months ended September 30, 2023 and 2022. For the nine months ended September 30, 2023 and 2022, income tax expense was $10.2 million and $10.7 million, respectively, and the effective tax rate was 29.2% and 29.0%, respectively. At September 30, 2023 and December 31, 2022, 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, 2023, the Company is no longer subject to examination by taxing authorities for tax years before 2020 for federal taxes and before 2019 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, 2023
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) 2023 2022 2023 2022 Basic earnings per share: Net income $ 7,023 $ 6,953 $ 24,797 $ 26,285 Less: income allocated to unvested restricted stock (21) (30) (78) (120) Net income allocated to common stock $ 7,002 $ 6,923 $ 24,719 $ 26,165 Weighted-average total common shares outstanding 14,337,341 14,943,027 14,372,908 14,938,160 Less: weighted-average unvested restricted stock (42,539) (65,148) (44,978) (68,163) Weighted-average common shares outstanding, basic 14,294,802 14,877,879 14,327,930 14,869,997 Basic earnings per share $ 0.49 $ 0.47 $ 1.73 $ 1.76 Diluted earnings per share: Net income allocated to common stock $ 7,002 $ 6,923 $ 24,719 $ 26,165 Weighted-average common shares outstanding, basic 14,294,802 14,877,879 14,327,930 14,869,997 Diluted effect of stock options 101,414 210,210 114,030 256,866 Weighted-average common shares outstanding, diluted 14,396,216 15,088,089 14,441,960 15,126,863 Diluted earnings per share $ 0.49 $ 0.46 $ 1.71 $ 1.73

Off-Balance Sheet Credit Exposu

Off-Balance Sheet Credit Exposures, Commitments and Other Contingencies	9 Months Ended
	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Off-Balance Sheet Credit Exposures, Commitments and Other Contingencies	Off-Balance Sheet Credit Exposures, Commitments and Other 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, 2023 December 31, 2022 ($ in thousands) Fixed Rate Variable Rate Fixed Rate Variable Rate Unused lines of credit $ 2,219 $ 280,122 $ 3,117 $ 251,178 Unfunded loan commitments 762 49,595 692 38,486 Standby letters of credit 4,138 1,786 2,989 1,901 Commercial letters of credit — 160 — 502 Total $ 7,119 $ 331,663 $ 6,798 $ 292,067 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 applies an expected credit loss estimation methodology applied to each respective loan segment for determining the ACL on off-balance sheet credit exposures. The loss estimation process includes assumptions for utilization at default. These assumptions are based on the Company’s own historical internal loan data. As a part of adoption of ASC 326, the Company recorded an initial adjustment to the ACL on off-balance sheet credit exposures of $1.6 million. As of September 30, 2023 and December 31, 2022, the Company maintained an ACL on off-balance sheet credit exposures of $1.5 million and $299 thousand in Accrued Interest Payable and Other Liabilities in the Consolidated Balance Sheets, respectively. 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 worked 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. During the three months ended September 30, 2023, the Bank agreed to settle this matter in exchange for $700 thousand to the putative class members, including costs of settlement administration, and attorneys’ fees and costs. The Bank received preliminary court approval of the settlement and notice was provided to members of the proposed class during the three months ended September 30, 2023. The settlement remains subject to a final approval hearing, which has been scheduled in the Superior Court for February, 2024. The Company expects that the full amount of the final settlement will be covered under the Company’s applicable insurance policies.

Regulatory Matters

Regulatory Matters	9 Months Ended
	Sep. 30, 2023
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 to avoid restrictions on dividends, stock repurchase, discretionary bonuses and other payments. Management believes as of September 30, 2023 and December 31, 2022, the Bank met all capital adequacy requirements to which it is subject to. Under the Federal Reserve’s “Small Bank Holding Company” policy, the Company is not currently subject to separate minimum capital requirements. At such time as the Company reaches the $3 billion asset level, it will again be subject to capital measurements independent of the Bank. For comparison purposes, the Company’s ratios are included in the following discussion as well, all of which would have exceeded the “well-capitalized” level had the Company been subject to separate capital minimums. The Company and the Bank’s capital conservation buffer was 8.57% and 9.11%, respectively, as of September 30, 2023, and 8.79% and 9.52%, respectively, as of December 31, 2022. Unrealized gain or loss on securities available-for-sale is not included in computing regulatory capital. The following table presents the regulatory capital amounts and ratios for the Company and the Bank as of dates indicated: Actual Minimum Capital Requirement To Be Well Capitalized Under Prompt Corrective Provisions ($ in thousands) Amount Ratio Amount Ratio Amount Ratio September 30, 2023 PCB Bancorp Common tier 1 capital (to risk-weighted assets) $ 285,717 13.07 % $ 98,341 4.5 % N/A N/A Total capital (to risk-weighted assets) 381,972 17.48 % 174,828 8.0 % N/A N/A Tier 1 capital (to risk-weighted assets) 354,858 16.24 % 131,121 6.0 % N/A N/A Tier 1 capital (to average assets) 354,858 13.76 % 103,153 4.0 % N/A N/A PCB Bank Common tier 1 capital (to risk-weighted assets) $ 346,705 15.87 % $ 98,338 4.5 % $ 142,043 6.5 % Total capital (to risk-weighted assets) 373,819 17.11 % 174,822 8.0 % 218,528 10.0 % Tier 1 capital (to risk-weighted assets) 346,705 15.87 % 131,117 6.0 % 174,822 8.0 % Tier 1 capital (to average assets) 346,705 13.44 % 103,150 4.0 % 128,937 5.0 % December 31, 2022 PCB Bancorp Common tier 1 capital (to risk-weighted assets) $ 276,360 13.29 % $ 93,554 4.5 % N/A N/A Total capital (to risk-weighted assets) 370,742 17.83 % 166,319 8.0 % N/A N/A Tier 1 capital (to risk-weighted assets) 345,501 16.62 % 124,739 6.0 % N/A N/A Tier 1 capital (to average assets) 345,501 14.33 % 96,472 4.0 % N/A N/A PCB Bank Common tier 1 capital (to risk-weighted assets) $ 338,891 16.30 % $ 93,553 4.5 % $ 135,131 6.5 % Total capital (to risk-weighted assets) 364,132 17.52 % 166,316 8.0 % 207,895 10.0 % Tier 1 capital (to risk-weighted assets) 338,891 16.30 % 124,737 6.0 % 166,316 8.0 % Tier 1 capital (to average assets) 338,891 14.05 % 96,469 4.0 % 120,586 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, 2023
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) 2023 2022 2023 2022 Noninterest income in-scope of Topic 606 Service charges and fees on deposits: Monthly service fees $ 27 $ 24 $ 79 $ 67 Account analysis fees 239 243 699 690 Non-sufficient funds charges 81 53 241 157 Other deposit related fees 24 21 65 60 Total service charges and fees on deposits 371 341 1,084 974 Debit card fees 103 87 254 256 Gain (loss) on sale of other real estate owned — 152 — 152 Wire transfer fees 162 159 467 484 Other service charges 54 48 157 140 Total $ 690 $ 787 $ 1,962 $ 2,006

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2023
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Dividend Declared on Common Stock On October 25, 2023, the Company’s Board of Directors declared a quarterly cash dividend of $0.18 per common share. The dividend will be paid on or about November 17, 2023, to shareholders of record as of the close of business on November 9, 2023.

Basis of Presentation and Sig_2

Basis of Presentation and Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2023
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, 2022 filed by the Company with the SEC. The December 31, 2022 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, 2022 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, 2023 are not necessarily indicative of the results that may be expected for the year ending December 31, 2023.
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, 2023 and December 31, 2022, and for the three and nine months ended September 30, 2023 and 2022. 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, 2023, the Company adopted following accounting pronouncements. 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 delayed the effective date to 2023 for certain SEC filers that are Smaller Reporting Companies, such as the Company. On January 1, 2023, the Company adopted the provisions of ASC 326 through the application of the modified retrospective transition approach, and recorded a net decrease of $1.9 million to the beginning balance of retained earnings as of January 1, 2023 for the cumulative effect adjustment, reflecting an initial adjustment to the allowance for credit losses (“ACL”) on loans of $1.1 million and the ACL on off-balance sheet credit exposures of $1.6 million, net of related deferred tax assets arising from temporary differences of $788 thousand. The initial adjustment to the ACL is reflective of expected lifetime credit losses associated with the composition of financial assets within the scope of ASC 326 as of January 1, 2023, as well as management’s current expectation of future economic conditions. The following table summarizes the initial adjustment to the ACL as of January 1, 2023: ($ in thousands) Pre-ASC 326 Adoption Impact of ASC 326 Adoption As Reported Under ASC 326 Assets ACL on loans Commercial real estate $ 15,536 $ (610) $ 14,926 Commercial and industrial 5,502 4,344 9,846 Consumer 3,904 (2,667) 1,237 Total ACL on loans 24,942 1,067 26,009 Deferred tax assets 3,115 788 3,903 Liabilities ACL on off-balance sheet credit exposures $ 299 $ 1,607 1,906 Shareholders’ equity Retained earnings $ 127,181 $ (1,886) 125,295 In conjunction with the adoption of ASC 326, the Company made an accounting policy election not to measure an ACL on accrued interest receivables for the loans collectively evaluated. For the loans individually evaluated, the Company considers accrued interest receivables as a part of the amortized cost and measures an ACL. When accrued interest receivable is deemed to be uncollectable, the Company promptly reverses such balances through current period interest income in the period they are deemed uncollectable. Additionally, the Company has also elected not to include the balance of accrued interest receivable in the amortized cost basis of financial assets within the scope of ASC 326. Accrued interest receivable will continue to be presented separately in the Consolidated Balance Sheets. ACL on securities available-for-sale The Company reviewed securities available-for-sale that were in an unrealized loss position as of January 1, 2023 and determined the decline in fair value for those securities was not related to credit, but rather related to changes in interest rates and general market conditions. Additionally, there were no investment securities with previously recorded other-than-temporary impairment (“OTTI”) as of January 1, 2023. As such, no ACL was recorded for securities available-for-sale as of January 1, 2023. ACL on loans The measurement of the ACL on loans is performed by collectively evaluating loans with similar risk characteristics using a discounted cash flow approach. The discounted cash flow methodology incorporates a probability of default (“PD”) and loss given default (“LGD”) model, as well as reasonable and supportable forecasts, and generates an estimate of the contractual cash flows that are not expected to be collected over the life of the loan. The Company leverages its peer group information to estimate PD and LGD. Peer group is selected from institutions in California with total assets between $1 billion and $5 billion. The Company analyzes and compares each loan segment’s volume as a percentage of total loans, recent charge-off rates, and charge-off rate during recession of the peer group against those of the Bank for inclusion in the peer group population. PD and LGD are forecasted over a one-year time horizon using economic forecast scenarios, which the Company believes is a reasonable and supportable period. Beyond the one-year forecast time horizon, the Company’s ACL model reverts to historical long-term average loss rates over a one-year period. The use of reasonable and supportable forecasts requires significant judgment, such as selecting forecast scenarios, as well as determining the appropriate length of the forecast horizon. Management utilizes the economic forecasts provided by the Federal Open Market Committee (“FOMC”) to forecast the first 4 quarters of the credit loss estimate. The FOMC projects national unemployment rate and the projected change in the year-over-year national gross domestic product (“GDP”) growth rates over the forward-looking 4 quarters are used in determining the PD rates over the forecasted periods. A portion of the collectively-evaluated ACL on loans also includes qualitative adjustments for risk factors not reflected or captured by the quantitative modeled ACL but are relevant in estimating future expected credit losses. Qualitative adjustments may be related to and include, but not limited to factors such as: (i) management’s assessment of economic forecasts used in the model and how those forecasts align with management’s overall evaluation of current and expected economic conditions, (ii) organization-specific risks such as credit concentrations, collateral specific risks, regulatory risks, and external factors that may ultimately impact credit quality, (iii) potential model limitations such as limitations identified through back-testing, and other limitations associated with factors such as underwriting changes, acquisition of new portfolios and changes in portfolio segmentation, and (iv) management’s overall assessment of the adequacy of the ACL, including an assessment of ACL model data inputs. Problem loans are typically substandard or have a worse internal risk grade, and may consist of loans on nonaccrual status where the likelihood of foreclosure on underlying collateral has increased, collateral dependent loans and other loans where concern or doubt over the ultimate collectability of all contractual amounts due has become elevated. These problem loans, in the opinion of management, no longer possess risk characteristics similar to other loans in the loan segment, and as such may require individual evaluation for appropriate ACL for the loan. Performing loans individually evaluated, the Company measures the expected credit loss for the loan based on a discounted cash flow approach or fair value of collateral, less costs to sell. Collateral dependent loans are loans to borrowers with financial difficulty where the repayment of the loan is expected from the operation of and/or eventual liquidation of the underlying collateral. As a part of the adoption of ASC 326, the Company reviewed and revised certain loan segments for the Company’s ACL model. Before the adoption of ASC 326, commercial property and SBA property loans were separately presented and represented 63.0% and 6.6% of loans held-for-investment at December 31, 2022, respectively. The Company re-divided these loan segments into commercial property, business property and multifamily loans, as described below, as these new loan segments are determined to share similar characteristics under the Company’s ACL model. In addition, four loan segments before the adoption of ASC 326 (commercial term loans, commercial lines of credit, SBA term loans and SBA PPP loans), which represented 12.2% of loans held-for-investment at December 31, 2022, are combined into a single loan segment, commercial and industrial (“C&I”) loans, as these loans are determined to share similar risk characteristics under the Company’s ACL model. However, loan related disclosures for prior periods continue to be presented under the legacy loan segments in this Quarterly Report on Form 10-Q. Each loan segment bears varying degrees of risk based on, among other things, the type of loan and collateral, and the sensitivity of the borrower or industry to changes in external factors such as economic conditions and interest rate changes. The loan segments are as following: Commercial Real Estate (“CRE”) Loans: • Commercial property loans – Commercial property loans include loans for which the Company holds real property as collateral, but where the borrower does not occupy the underlying property. The primary risks associated with investor property loans include the borrower’s inability to pay, material decreases in the value of the real estate that is being held as collateral, significant increases in interest rates, changes in market rents, and vacancy and conditions of the underlying property, any of which may make the real estate property unprofitable to the borrower. Real estate loans may be more adversely affected by conditions in the real estate markets or in the general economy. • Business property loans – Business property loans include loans for which the Company holds real property as collateral and where the underlying property is occupied by the borrower, such as with a place of business. These loans are primarily underwritten based on the cash flows of the business and secondarily on the real estate. The primary risks associated with business property loans include the borrower’s inability to pay, material decreases in the value of the real estate that is being held as collateral, and significant increases in interest rates, which reduce the cash flows of the underlying business. Real estate loans may be more adversely affected by conditions in the real estate markets or in the general economy. • Multifamily loans: Multifamily loans are secured by multi-tenant (5 or more units) residential real properties. Payments on multifamily loans are dependent on the successful operation or management of the properties, and repayment of these loans may be subject to adverse conditions in the real estate market or the economy. • Construction loans: Construction loans are considered to have higher risks due to construction completion and timing risk, and the ultimate repayment being sensitive to interest rate changes, government regulation of real property, and the availability of long-term financing. Additionally, economic conditions may impact the Company’s ability to recover its investment in construction loans, as adverse economic conditions may negatively impact the real estate market, which could affect the borrower’s ability to complete and sell the project. The fair value of the underlying collateral may fluctuate as market conditions change. The primary risks include the borrower’s inability to pay and the inability of the Company to recover its investment due to a decline in the fair value of the underlying collateral. Commercial and Industrial Loans: • Commercial and industrial loans – The C&I loan category includes commercial term loans and commercial lines of credit. Commercial term loans are typically extended to finance business acquisitions, permanent working capital needs, and/or equipment purchases. Commercial lines of credit are generally provided to finance short-term working capital needs and mortgage warehouse lending credit facilities. Mortgage warehouse lending is a line of credit given to a loan originator, the funds from which are used to finance a mortgage that a borrower uses to purchase single-family residential property or refinance an existing mortgage. The primary risk associated with C&I loans is the difference between expected and actual cash flows of the borrowers. In addition, the recoverability of the Company’s investment in these loans is also dependent on other factors primarily dictated by the type of collateral securing these loans, and occasionally upon other borrower assets and guarantor assets. Consumer Loans • Residential mortgage loans – The primary risks of residential mortgage loans include the borrower’s inability to pay, material decreases in the value of the real estate that is being held as collateral, and significant increases in interest rates, which may reduce the borrower’s capacity to pay. • Other consumer loans – Other consumer loans primarily include automobile loans, as well as unsecured lines of credit and term loans to high net worth individuals. Automobile loans have relatively lower LTV ratios on average and carry higher interest rates to offset for the inherently higher default risks. Unsecured lines of credit and term consumer loans are underwritten primarily based on the individual borrower’s income, current debt level, and past credit history. Repayment of these loans is dependent on the borrower’s ability to pay, and the fair value of the underlying collateral for automobile loans. The following table presents a summary of reclassification of loans held-for-investment as the date indicated: ($ in thousands) December 31, 2022 Reclassification January 1, 2023 Commercial property (1) $ 1,288,392 $ (1,288,392) $ — SBA property 134,892 (134,892) — Commercial property N/A 772,020 772,020 Business property N/A 526,513 526,513 Multifamily N/A 124,751 124,751 Total Reclassed: 1,423,284 — 1,423,284 Construction 17,054 — 17,054 Commercial and industrial 249,250 — 249,250 Residential property 333,726 — 333,726 Other consumer 22,749 — 22,749 Total loans held-for-investment $ 2,046,063 $ — $ 2,046,063 (1) Commercial property loans under the legacy loan segments included all commercial property, business property and multifamily loans under the new loan segments. The following table presents a summary of reclassification of ACL on loans as the date indicated as well as the initial adjustment to the ACL as of January 1, 2023 : ($ in thousands) December 31, 2022 Reclassification January 1, 2023 Impact of ASC 326 Adoption As Reported Under ASC 326 Commercial property (1) $ 14,059 $ (14,059) $ — $ — $ — SBA property 1,326 (1,326) — — — Commercial property N/A 8,502 8,502 (1,762) 6,740 Business property N/A 5,749 5,749 896 6,645 Multifamily N/A 1,134 1,134 256 1,390 Total Reclassed: 15,385 — 15,385 (610) 14,775 Construction 151 — 151 — 151 Commercial and industrial 5,502 — 5,502 4,344 9,846 Residential property 3,691 — 3,691 (2,534) 1,157 Other consumer 213 — 213 (133) 80 Total ACL $ 24,942 $ — $ 24,942 $ 1,067 $ 26,009 (1) Commercial property loans under the legacy loan segments included all commercial property, business property and multifamily loans under the new loan segments. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures The Company applies an expected credit loss estimation methodology applied to each respective loan segment for determining the ACL on off-balance sheet credit exposures. These assumptions are based on the Company’s own historical internal loan data. 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 eliminate 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 ASU 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 adopted this ASU as of January 1, 2023, in conjunction with the adoption of ASU 2016-13. The Company did not have a material impact on its consolidated financial statements upon adoption of this ASU. Recent Accounting Pronouncements Not Yet Adopted There were no significant accounting pronouncements applicable to the Company that have not yet been adopted.
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. Loans individually evaluated : Certain collateral-dependent loans individually evaluated 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 loans individually evaluated 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.

Basis of Presentation and Sig_3

Basis of Presentation and Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Summary of Initial Adjustment to ACL	The following table summarizes the initial adjustment to the ACL as of January 1, 2023: ($ in thousands) Pre-ASC 326 Adoption Impact of ASC 326 Adoption As Reported Under ASC 326 Assets ACL on loans Commercial real estate $ 15,536 $ (610) $ 14,926 Commercial and industrial 5,502 4,344 9,846 Consumer 3,904 (2,667) 1,237 Total ACL on loans 24,942 1,067 26,009 Deferred tax assets 3,115 788 3,903 Liabilities ACL on off-balance sheet credit exposures $ 299 $ 1,607 1,906 Shareholders’ equity Retained earnings $ 127,181 $ (1,886) 125,295
Summary of Reclassification of Loans Held-for-Investment	The following table presents a summary of reclassification of loans held-for-investment as the date indicated: ($ in thousands) December 31, 2022 Reclassification January 1, 2023 Commercial property (1) $ 1,288,392 $ (1,288,392) $ — SBA property 134,892 (134,892) — Commercial property N/A 772,020 772,020 Business property N/A 526,513 526,513 Multifamily N/A 124,751 124,751 Total Reclassed: 1,423,284 — 1,423,284 Construction 17,054 — 17,054 Commercial and industrial 249,250 — 249,250 Residential property 333,726 — 333,726 Other consumer 22,749 — 22,749 Total loans held-for-investment $ 2,046,063 $ — $ 2,046,063 (1) Commercial property loans under the legacy loan segments included all commercial property, business property and multifamily loans under the new loan segments. The following table presents the composition of the Company’s loans held-for-investment as of the dates indicated. ($ in thousands) September 30, 2023 January 1, 2023 Commercial real estate: Commercial property $ 814,547 $ 772,020 Business property 537,351 526,513 Multifamily 132,558 124,751 Construction 19,246 17,054 Total commercial real estate 1,503,702 1,440,338 Commercial and industrial 279,608 249,250 Consumer: Residential mortgage 363,369 333,726 Other consumer 20,926 22,749 Total consumer 384,295 356,475 Loans held-for-investment 2,167,605 2,046,063 Allowance for credit losses on loans (25,599) (26,009) Net loans held-for-investment $ 2,142,006 $ 2,020,054 The following table presents the composition of the Company’s loans held-for-investment by legacy loan segments as of the date indicated: ($ in thousands) December 31, 2022 Real estate loans: Commercial property $ 1,288,392 Residential property 333,726 SBA property 134,892 Construction 17,054 Total real estate loans 1,774,064 Commercial and industrial loans: Commercial term 77,700 Commercial lines of credit 154,142 SBA commercial term 16,211 SBA PPP 1,197 Total commercial and industrial loans 249,250 Other consumer loans 22,749 Loans held-for-investment 2,046,063 Allowance for loan losses (24,942) Net loans held-for-investment $ 2,021,121
Summary of Reclassification and Initial Adjustment to ACL on Loans	The following table presents a summary of reclassification of ACL on loans as the date indicated as well as the initial adjustment to the ACL as of January 1, 2023 : ($ in thousands) December 31, 2022 Reclassification January 1, 2023 Impact of ASC 326 Adoption As Reported Under ASC 326 Commercial property (1) $ 14,059 $ (14,059) $ — $ — $ — SBA property 1,326 (1,326) — — — Commercial property N/A 8,502 8,502 (1,762) 6,740 Business property N/A 5,749 5,749 896 6,645 Multifamily N/A 1,134 1,134 256 1,390 Total Reclassed: 15,385 — 15,385 (610) 14,775 Construction 151 — 151 — 151 Commercial and industrial 5,502 — 5,502 4,344 9,846 Residential property 3,691 — 3,691 (2,534) 1,157 Other consumer 213 — 213 (133) 80 Total ACL $ 24,942 $ — $ 24,942 $ 1,067 $ 26,009 (1) Commercial property loans under the legacy loan segments included all commercial property, business property and multifamily loans under the new loan segments. The following table presents a composition of provision (reversal) for credit losses for the periods indicated: ($ in thousands) Three Months Ended September 30, 2023 Nine Months Ended September 30, 2023 Provision (reversal) for credit losses on loans $ 822 $ (1,438) Reversal for credit losses on off-balance sheet credit exposures (71) (392) Total provision (reversal) for credit losses $ 751 $ (1,830) The following table presents the activities in ACL on loans for the periods indicated: ($ in thousands) Commercial Property Business Property Multifamily Construction Commercial and Industrial Residential Mortgage Other Consumer Total Balance at July 1, 2023 $ 9,601 $ 6,077 $ 1,259 $ 125 $ 6,513 $ 1,216 $ 76 $ 24,867 Charge-offs — — — — (45) — (67) (112) Recoveries — 2 — — 8 — 12 22 Provision (reversal) for credit losses on loans 1,747 (1,922) 554 (30) (468) 877 64 822 Balance at September 30, 2023 $ 11,348 $ 4,157 $ 1,813 $ 95 $ 6,008 $ 2,093 $ 85 $ 25,599 Balance at January 1, 2023 $ 8,502 $ 5,749 $ 1,134 $ 151 $ 5,502 $ 3,691 $ 213 $ 24,942 Impact of ASC 326 adoption (1,762) 896 256 — 4,344 (2,534) (133) 1,067 Charge-offs — (4) — — (45) — (70) (119) Recoveries — 8 — — 1,100 — 39 1,147 Provision (reversal) for credit losses on loans 4,608 (2,492) 423 (56) (4,893) 936 36 (1,438) Balance at September 30, 2023 $ 11,348 $ 4,157 $ 1,813 $ 95 $ 6,008 $ 2,093 $ 85 $ 25,599 The following table presents the activities in allowance for loan losses by legacy loan segments 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 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 The following tables present the information on allowance for loan losses and recorded investments by legacy loan segments and impairment methodology as of the date indicated: ($ in thousands) Real Estate Commercial and Industrial Consumer Total December 31, 2022 Allowance for loan losses: Individually evaluated for impairment $ — $ — $ — $ — Collectively evaluated for impairment 19,227 5,502 213 24,942 Total $ 19,227 $ 5,502 $ 213 $ 24,942 Loans receivable: Individually evaluated for impairment $ 3,889 $ — $ — $ 3,889 Collectively evaluated for impairment 1,770,175 249,250 22,749 2,042,174 Total $ 1,774,064 $ 249,250 $ 22,749 $ 2,046,063

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2023
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, 2023 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ — $ 100,271 $ — $ 100,271 Residential collateralized mortgage obligations — 24,196 — 24,196 SBA loan pool securities — 7,578 — 7,578 Municipal bonds — 3,076 — 3,076 Corporate bonds — 4,097 — 4,097 Total securities available-for-sale — 139,218 — 139,218 Total assets measured at fair value on a recurring basis $ — $ 139,218 $ — $ 139,218 Total liabilities measured at fair value on a recurring basis $ — $ — $ — $ — December 31, 2022 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ — $ 96,900 $ — $ 96,900 Residential collateralized mortgage obligations — 26,956 — 26,956 SBA loan pool securities — 9,298 — 9,298 Municipal bonds — 4,186 — 4,186 Corporate bonds — 4,523 — 4,523 Total securities available-for-sale — 141,863 — 141,863 Total assets measured at fair value on a recurring basis $ — $ 141,863 $ — $ 141,863 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, 2023 Loans individually evaluated: Business property $ — $ — $ 120 $ 120 Total loans individually evaluated — — 120 120 Total assets measured at fair value on a non-recurring basis $ — $ — $ 120 $ 120 Total liabilities measured at fair value on a non-recurring basis $ — $ — $ — $ — December 31, 2022 Impaired loans: Commercial lines of credit (1) $ — $ — $ 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 $ — $ — $ — $ — (1) Included in loans held-for-sale The following table presents gains or losses, including charge-offs, recoveries, and specific reserves recorded, for assets measured at fair value for the periods indicated: Three Months Ended September 30, Nine Months Ended September 30, ($ in thousands) 2023 2022 2023 2022 Loans individually evaluated: Business property $ (15) $ — $ (47) $ — Commercial and industrial — — 1,074 — Other real estate owned — 152 — 152 Net gains recognized $ (15) $ 152 $ 1,027 $ 152
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, 2023 Loans individually evaluated: Business property $ 120 Fair value of collateral NM NM December 31, 2022 Impaired loans: Commercial lines of credit (1) $ 4,000 Pending Sales Agreement NM NM
Schedule of Carrying Value and Estimated Fair Values of Financial Assets and Liabilities	The following table presents the carrying value and estimated fair values of financial assets and liabilities as of the dates indicated: Carrying Value Fair Value Fair Value Measurements ($ in thousands) Level 1 Level 2 Level 3 September 30, 2023 Financial assets: Interest-bearing deposits in other financial institutions $ 169,659 $ 169,659 $ 169,659 $ — $ — Securities available-for-sale 139,218 139,218 — 139,218 — Loans held-for-sale 6,693 7,111 — 7,111 — Net loans held-for-investment 2,142,006 2,057,783 — — 2,057,783 Federal Home Loan Bank (“FHLB”) and other restricted stock 12,716 N/A N/A N/A N/A Accrued interest receivable 8,731 8,731 318 462 7,951 Financial liabilities: Deposits $ 2,192,129 $ 2,191,128 $ — $ — $ 2,191,128 Accrued interest payable 18,797 18,797 — — 18,797 December 31, 2022 Financial assets: Interest-bearing deposits in other financial institutions $ 123,829 $ 123,829 $ 123,829 $ — $ — Securities available-for-sale 141,863 141,863 — 141,863 — Loans held-for-sale 22,811 23,992 — 23,992 — Net loans held-for-investment 2,021,121 1,970,235 — — 1,970,235 FHLB and other restricted stock 10,183 N/A N/A N/A N/A Accrued interest receivable 7,472 7,472 49 475 6,948 Financial liabilities: Deposits $ 2,045,983 $ 2,041,667 $ — $ — $ 2,041,667 FHLB advances 20,000 20,001 — 20,001 — Accrued interest payable 3,159 3,159 — 5 3,154

Investment Securities (Tables)

Investment Securities (Tables)	9 Months Ended
	Sep. 30, 2023
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, 2023 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ 115,837 $ — $ (15,566) $ 100,271 Residential collateralized mortgage obligations 26,303 — (2,107) 24,196 SBA loan pool securities 8,027 3 (452) 7,578 Municipal bonds 3,305 1 (230) 3,076 Corporate bonds 5,000 — (903) 4,097 Total securities available-for-sale $ 158,472 $ 4 $ (19,258) $ 139,218 December 31, 2022 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ 109,497 $ 1 $ (12,598) $ 96,900 Residential collateralized mortgage obligations 28,515 107 (1,666) 26,956 SBA loan pool securities 9,704 8 (414) 9,298 Municipal bonds 4,262 2 (78) 4,186 Corporate bonds 5,000 — (477) 4,523 Total securities available-for-sale $ 156,978 $ 118 $ (15,233) $ 141,863
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, 2023 ($ in thousands) Amortized Cost Fair Value Within one year $ 865 $ 861 One to five years 81 76 Five to ten years 5,725 4,761 Greater than ten years 1,634 1,475 Residential mortgage-backed securities, residential collateralized mortgage obligations and SBA loan pool securities 150,167 132,045 Total $ 158,472 $ 139,218
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 for which an ACL has not been recorded 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, 2023 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ 25,453 $ (859) 16 $ 74,818 $ (14,707) 110 $ 100,271 $ (15,566) 126 Residential collateralized mortgage obligations 11,300 (226) 7 12,896 (1,881) 35 24,196 (2,107) 42 SBA loan pool securities 1,505 (2) 2 5,228 (450) 12 6,733 (452) 14 Municipal bonds 2,215 (225) 7 361 (5) 1 2,576 (230) 8 Corporate bonds — — — 4,097 (903) 1 4,097 (903) 1 Total securities available-for-sale $ 40,473 $ (1,312) 32 $ 97,400 $ (17,946) 159 $ 137,873 $ (19,258) 191 December 31, 2022 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Residential mortgage-backed securities $ 55,171 $ (3,721) 83 $ 41,697 $ (8,877) 36 $ 96,868 $ (12,598) 119 Residential collateralized mortgage obligations 12,600 (1,191) 29 2,262 (475) 7 14,862 (1,666) 36 SBA loan pool securities 7,161 (325) 12 821 (89) 2 7,982 (414) 14 Municipal bonds 3,314 (78) 11 — — — 3,314 (78) 11 Corporate bonds 4,523 (477) 1 — — — 4,523 (477) 1 Total securities available-for-sale $ 82,769 $ (5,792) 136 $ 44,780 $ (9,441) 45 $ 127,549 $ (15,233) 181

Loans and Allowance for Credi_2

Loans and Allowance for Credit Losses on Loans (Tables)	9 Months Ended
	Sep. 30, 2023
Receivables [Abstract]
Loans Held-For-Investment	The following table presents a summary of reclassification of loans held-for-investment as the date indicated: ($ in thousands) December 31, 2022 Reclassification January 1, 2023 Commercial property (1) $ 1,288,392 $ (1,288,392) $ — SBA property 134,892 (134,892) — Commercial property N/A 772,020 772,020 Business property N/A 526,513 526,513 Multifamily N/A 124,751 124,751 Total Reclassed: 1,423,284 — 1,423,284 Construction 17,054 — 17,054 Commercial and industrial 249,250 — 249,250 Residential property 333,726 — 333,726 Other consumer 22,749 — 22,749 Total loans held-for-investment $ 2,046,063 $ — $ 2,046,063 (1) Commercial property loans under the legacy loan segments included all commercial property, business property and multifamily loans under the new loan segments. The following table presents the composition of the Company’s loans held-for-investment as of the dates indicated. ($ in thousands) September 30, 2023 January 1, 2023 Commercial real estate: Commercial property $ 814,547 $ 772,020 Business property 537,351 526,513 Multifamily 132,558 124,751 Construction 19,246 17,054 Total commercial real estate 1,503,702 1,440,338 Commercial and industrial 279,608 249,250 Consumer: Residential mortgage 363,369 333,726 Other consumer 20,926 22,749 Total consumer 384,295 356,475 Loans held-for-investment 2,167,605 2,046,063 Allowance for credit losses on loans (25,599) (26,009) Net loans held-for-investment $ 2,142,006 $ 2,020,054 The following table presents the composition of the Company’s loans held-for-investment by legacy loan segments as of the date indicated: ($ in thousands) December 31, 2022 Real estate loans: Commercial property $ 1,288,392 Residential property 333,726 SBA property 134,892 Construction 17,054 Total real estate loans 1,774,064 Commercial and industrial loans: Commercial term 77,700 Commercial lines of credit 154,142 SBA commercial term 16,211 SBA PPP 1,197 Total commercial and industrial loans 249,250 Other consumer loans 22,749 Loans held-for-investment 2,046,063 Allowance for loan losses (24,942) Net loans held-for-investment $ 2,021,121
Allowance for Credit Losses on Loans	The following table presents a summary of reclassification of ACL on loans as the date indicated as well as the initial adjustment to the ACL as of January 1, 2023 : ($ in thousands) December 31, 2022 Reclassification January 1, 2023 Impact of ASC 326 Adoption As Reported Under ASC 326 Commercial property (1) $ 14,059 $ (14,059) $ — $ — $ — SBA property 1,326 (1,326) — — — Commercial property N/A 8,502 8,502 (1,762) 6,740 Business property N/A 5,749 5,749 896 6,645 Multifamily N/A 1,134 1,134 256 1,390 Total Reclassed: 15,385 — 15,385 (610) 14,775 Construction 151 — 151 — 151 Commercial and industrial 5,502 — 5,502 4,344 9,846 Residential property 3,691 — 3,691 (2,534) 1,157 Other consumer 213 — 213 (133) 80 Total ACL $ 24,942 $ — $ 24,942 $ 1,067 $ 26,009 (1) Commercial property loans under the legacy loan segments included all commercial property, business property and multifamily loans under the new loan segments. The following table presents a composition of provision (reversal) for credit losses for the periods indicated: ($ in thousands) Three Months Ended September 30, 2023 Nine Months Ended September 30, 2023 Provision (reversal) for credit losses on loans $ 822 $ (1,438) Reversal for credit losses on off-balance sheet credit exposures (71) (392) Total provision (reversal) for credit losses $ 751 $ (1,830) The following table presents the activities in ACL on loans for the periods indicated: ($ in thousands) Commercial Property Business Property Multifamily Construction Commercial and Industrial Residential Mortgage Other Consumer Total Balance at July 1, 2023 $ 9,601 $ 6,077 $ 1,259 $ 125 $ 6,513 $ 1,216 $ 76 $ 24,867 Charge-offs — — — — (45) — (67) (112) Recoveries — 2 — — 8 — 12 22 Provision (reversal) for credit losses on loans 1,747 (1,922) 554 (30) (468) 877 64 822 Balance at September 30, 2023 $ 11,348 $ 4,157 $ 1,813 $ 95 $ 6,008 $ 2,093 $ 85 $ 25,599 Balance at January 1, 2023 $ 8,502 $ 5,749 $ 1,134 $ 151 $ 5,502 $ 3,691 $ 213 $ 24,942 Impact of ASC 326 adoption (1,762) 896 256 — 4,344 (2,534) (133) 1,067 Charge-offs — (4) — — (45) — (70) (119) Recoveries — 8 — — 1,100 — 39 1,147 Provision (reversal) for credit losses on loans 4,608 (2,492) 423 (56) (4,893) 936 36 (1,438) Balance at September 30, 2023 $ 11,348 $ 4,157 $ 1,813 $ 95 $ 6,008 $ 2,093 $ 85 $ 25,599 The following table presents the activities in allowance for loan losses by legacy loan segments 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 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 The following tables present the information on allowance for loan losses and recorded investments by legacy loan segments and impairment methodology as of the date indicated: ($ in thousands) Real Estate Commercial and Industrial Consumer Total December 31, 2022 Allowance for loan losses: Individually evaluated for impairment $ — $ — $ — $ — Collectively evaluated for impairment 19,227 5,502 213 24,942 Total $ 19,227 $ 5,502 $ 213 $ 24,942 Loans receivable: Individually evaluated for impairment $ 3,889 $ — $ — $ 3,889 Collectively evaluated for impairment 1,770,175 249,250 22,749 2,042,174 Total $ 1,774,064 $ 249,250 $ 22,749 $ 2,046,063
Summary of Credit Quality Indicators	The following table summarize the Company’s loans held-for-investment by loan segment, internal risk ratings and vintage year as of September 30, 2023 and gross write offs for the nine months ended September 30, 2023. The vintage year is the year of origination, renewal or major modification. Revolving loans that are converted to term loans presented in the table below are excluded from term loans by vintage year columns. Term Loans by Origination Year Revolving Loans Revolving Loans Converted to Term ($ in thousands) 2023 2022 2021 2020 2019 Prior Total September 30, 2023 Commercial Real Estate: Commercial property Pass $ 95,320 $ 271,938 $ 157,359 $ 85,631 $ 70,950 $ 116,624 $ 10,731 $ — $ 808,553 Special mention — — 486 — — 2,966 — — 3,452 Substandard — — — — 313 2,229 — — 2,542 Doubtful — — — — — — — — — Total $ 95,320 $ 271,938 $ 157,845 $ 85,631 $ 71,263 $ 121,819 $ 10,731 $ — $ 814,547 Current period gross write offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Business property Pass $ 56,612 $ 109,820 $ 171,944 $ 51,462 $ 70,621 $ 66,757 $ 2,559 $ 4,355 $ 534,130 Special mention — — — — — — — — — Substandard — — 193 — 2,321 707 — — 3,221 Doubtful — — — — — — — — — Total $ 56,612 $ 109,820 $ 172,137 $ 51,462 $ 72,942 $ 67,464 $ 2,559 $ 4,355 $ 537,351 Current period gross write offs $ — $ — $ — $ — $ — $ 4 $ — $ — $ 4 Multifamily Pass $ 12,908 $ 40,797 $ 43,456 $ 26,651 $ 2,432 $ 6,314 $ — $ — $ 132,558 Special mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total $ 12,908 $ 40,797 $ 43,456 $ 26,651 $ 2,432 $ 6,314 $ — $ — $ 132,558 Current period gross write offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Construction Pass $ 1,279 $ 8,614 $ — $ 6,503 $ 2,850 $ — $ — $ — $ 19,246 Special mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total $ 1,279 $ 8,614 $ — $ 6,503 $ 2,850 $ — $ — $ — $ 19,246 Current period gross write offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Term Loans by Origination Year Revolving Loans Revolving Loans Converted to Term ($ in thousands) 2023 2022 2021 2020 2019 Prior Total September 30, 2023 (Continued) Commercial and Industrial Pass $ 37,031 $ 29,884 $ 12,732 $ 4,703 $ 6,755 $ 11,049 $ 171,713 $ 2,941 $ 276,808 Special mention — — — 380 343 106 1,000 — 1,829 Substandard — — — — 151 820 — — 971 Doubtful — — — — — — — — — Total $ 37,031 $ 29,884 $ 12,732 $ 5,083 $ 7,249 $ 11,975 $ 172,713 $ 2,941 $ 279,608 Current period gross write offs $ — $ — $ — $ — $ — $ 45 $ — $ — $ 45 Consumer Residential mortgage Pass $ 48,201 $ 166,279 $ 79,297 $ 11,740 $ 10,948 $ 46,904 $ — $ — $ 363,369 Special mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total $ 48,201 $ 166,279 $ 79,297 $ 11,740 $ 10,948 $ 46,904 $ — $ — $ 363,369 Current period gross write offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Other consumer Pass $ 5,200 $ 8,400 $ 3,686 $ 1,615 $ 657 $ 20 $ 1,340 $ — $ 20,918 Special mention — — — — — — — — — Substandard — — — 8 — — — — 8 Doubtful — — — — — — — — — Total $ 5,200 $ 8,400 $ 3,686 $ 1,623 $ 657 $ 20 $ 1,340 $ — $ 20,926 Current period gross write offs $ — $ 58 $ — $ 12 $ — $ — $ — $ — $ 70 Total loans held-for-investment Pass $ 256,551 $ 635,732 $ 468,474 $ 188,305 $ 165,213 $ 247,668 $ 186,343 $ 7,296 $ 2,155,582 Special mention — — 486 380 343 3,072 1,000 — 5,281 Substandard — — 193 8 2,785 3,756 — — 6,742 Doubtful — — — — — — — — — Total $ 256,551 $ 635,732 $ 469,153 $ 188,693 $ 168,341 $ 254,496 $ 187,343 $ 7,296 $ 2,167,605 Current period gross write offs $ — $ 58 $ — $ 12 $ — $ 49 $ — $ — $ 119 The following table presents the risk categories for loans held-for-investment by legacy loan segments as of the date indicated: ($ in thousands) Pass Special Mention Substandard Doubtful Total December 31, 2022 Real estate loans: Commercial property $ 1,282,044 $ 3,264 $ 3,084 $ — $ 1,288,392 Residential property 333,354 — 372 — 333,726 SBA property 132,910 245 1,737 — 134,892 Construction 17,054 — — — 17,054 Commercial and industrial loans: Commercial term 75,473 1,248 979 — 77,700 Commercial lines of credit 152,042 2,100 — — 154,142 SBA commercial term 16,175 — 36 — 16,211 SBA PPP 1,197 — — — 1,197 Other consumer loans 22,746 — 3 — 22,749 Total $ 2,032,995 $ 6,857 $ 6,211 $ — $ 2,046,063
Nonaccrual Loans	The following table presents the loans on nonaccrual status by loan segments as of the date indicated: ($ in thousands) Total Nonaccrual Loans Nonaccrual Loans with ACL ACL on Nonaccrual Loans Collateral Dependent Nonaccrual Loans ACL on Collateral Dependent Nonaccrual Loans September 30, 2023 Commercial real estate: Commercial property $ 686 $ — $ — $ 686 $ — Business property 2,964 167 47 2,964 47 Total commercial real estate 3,650 167 47 3,650 47 Commercial and industrial 72 — — 72 — Consumer: Other consumer 8 8 1 — — Total consumer 8 8 1 — — Total $ 3,730 $ 175 $ 48 $ 3,722 $ 47
Collateral Dependent Loans	The following table presents the collateral dependent loans by loan segments as of the date indicated: ($ in thousands) Hotel / Motel Warehouse Retail Single Family Residential Total September 30, 2023 Commercial real estate: Commercial property $ 686 $ — $ — $ — $ 686 Business property — 2,205 759 — 2,964 Total commercial real estate 686 2,205 759 — 3,650 Commercial and industrial 14 — — 58 72 Total $ 700 $ 2,205 $ 759 $ 58 $ 3,722
Past Due Loans	The following table presents the aging of past due in accruing loans and nonaccrual loans by loan segments as of date indicated: Still Accruing Nonaccrual ($ in thousands) 30 to 59 Days Past Due 60 to 89 Days Past Due 90 or More Days Past Due Total 30 to 59 Days Past Due 60 to 89 Days Past Due 90 or More Days Past Due Total Total Loans Past Due September 30, 2023 Commercial real estate: Commercial property $ 358 $ — $ — $ 358 $ 686 $ — $ — $ 686 $ 1,044 Business property 204 — — 204 — — 759 759 963 Total commercial real estate 562 — — 562 686 — 759 1,445 2,007 Consumer: Other consumer 92 54 — 146 — — — — 146 Total consumer 92 54 — 146 — — — — 146 Total $ 654 $ 54 $ — $ 708 $ 686 $ — $ 759 $ 1,445 $ 2,153 The following table presents the aging of past due recorded investment in accruing loans and nonaccrual loans by legacy loan segments as of the date indicated: Still Accruing ($ in thousands) 30 to 59 Days Past Due 60 to 89 Days Past Due 90 or More Days Past Due Nonaccrual Total Past Due and Nonaccrual December 31, 2022 Real estate loans: Commercial property $ — $ — $ — $ 2,400 $ 2,400 Residential property — — — 372 372 SBA property — — — 585 585 Other consumer loans 47 87 — 3 137 Total $ 47 $ 87 $ — $ 3,360 $ 3,494
Loans Held-for-Investment	The following table presents a summary of purchases of loans held-for-investment for the periods indicated: ($ in thousands) Three Months Ended September 30, 2023 Nine Months Ended September 30, 2023 Consumer: Residential mortgage $ — $ 15,741 Total consumer — 15,741 Total $ — $ 15,741 The following table presents a summary of loans held-for-investment transferred to loans held-for-sale for the periods indicated: ($ in thousands) Three Months Ended September 30, 2022 Nine Months Ended September 30, 2022 Real estate loans: Residential property $ 458 $ 458 Total $ 458 $ 458
Loans Held-for-Sale	The following table presents a composition of loans held-for-sale as of the date indicated: ($ in thousands) September 30, 2023 Commercial real estate: Business property $ 5,355 Total commercial real estate 5,355 Commercial and industrial 1,338 Total $ 6,693 The following table presents a composition of loans held-for-sale by legacy loan segments as of the date indicated: ($ in thousands) December 31, 2022 Real estate loans: SBA property $ 16,473 Commercial and industrial loans: Commercial lines of credit 4,000 SBA commercial term 2,338 Total $ 22,811
Impaired Loans	The following table presents loans individually evaluated for impairment by legacy loan segments as of the date indicated. The recorded investment presents customer balances net of any partial charge-offs recognized on the loans and net of any deferred fees and costs. With No Allowance Recorded With an Allowance Recorded ($ in thousands) Recorded Investment Unpaid Principal Balance Recorded Investment Unpaid Principal Balance Related Allowance December 31, 2022 Real estate loans: Commercial property $ 2,721 $ 2,727 $ — $ — $ — Residential property 372 372 — — — SBA property 798 840 — — — Total $ 3,891 $ 3,939 $ — $ — $ — The following table presents information on the recorded investment in impaired loans by legacy loan segments for the periods indicated: Three Months Ended September 30, 2022 Nine Months Ended September 30, 2022 ($ in thousands) Average Recorded Investment Interest Income Average Recorded Investment Interest Income Real estate loans: Commercial property $ 2,772 $ 5 $ 1,140 $ 16 Residential property 225 — 381 — SBA property 783 4 881 10 Commercial and industrial loans: Commercial lines of credit 4,537 — 1,512 — SBA commercial term 95 — 168 — Total $ 8,412 $ 9 $ 4,082 $ 26 The following table presents a summary of interest foregone on impaired loans for the periods indicated: ($ in thousands) Three Months Ended September 30, 2022 Nine Months Ended September 30, 2022 Interest income that would have been recognized had impaired loans performed in accordance with their original terms $ 109 $ 159 Less: interest income recognized on impaired loans on a cash basis (9) (26) Interest income foregone on impaired loans $ 100 $ 133

Servicing Assets (Tables)

Servicing Assets (Tables)	9 Months Ended
	Sep. 30, 2023
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, 2023 December 31, 2022 ($ in thousands) Residential Mortgage CRE SBA C&I SBA Total Residential Mortgage CRE SBA C&I SBA Total Carrying amount $ 51 $ 6,434 $ 435 $ 6,920 $ 64 $ 6,831 $ 452 $ 7,347 Fair value $ 100 $ 8,575 $ 631 $ 9,306 $ 118 $ 9,090 $ 620 $ 9,828 Discount rate 9.93 % 12.30 % 15.46 % 7.73 % 11.47 % 12.55 % Prepayment speed 15.15 % 16.12 % 15.26 % 17.10 % 14.82 % 18.93 % Weighted-average remaining life 20.0 years 21.1 years 6.9 years 20.8 years 21.4 years 6.7 years Underlying loans being serviced $ 10,942 $ 469,727 $ 55,755 $ 536,424 $ 13,058 $ 461,738 $ 56,299 $ 531,095
Schedule of Servicing Asset	The following tables present activity in servicing assets for the periods indicated: Three Months Ended September 30, 2023 2022 ($ in thousands) Residential Mortgage CRE SBA C&I SBA Total Residential Mortgage CRE SBA C&I SBA Total Balance at beginning of period $ 55 $ 6,655 $ 432 $ 7,142 $ 72 $ 7,193 $ 451 $ 7,716 Additions — 199 50 249 — 370 64 434 Amortization (4) (420) (47) (471) (6) (457) (60) (523) Balance at end of period $ 51 $ 6,434 $ 435 $ 6,920 $ 66 $ 7,106 $ 455 $ 7,627 Nine Months Ended September 30, 2023 2022 ($ in thousands) Residential Mortgage CRE SBA C&I SBA Total Residential Mortgage CRE SBA C&I SBA Total Balance at beginning of period $ 64 $ 6,831 $ 452 $ 7,347 $ 86 $ 6,701 $ 482 $ 7,269 Additions — 787 130 917 — 1,784 158 1,942 Amortization (13) (1,184) (147) (1,344) (20) (1,379) (185) (1,584) Balance at end of period $ 51 $ 6,434 $ 435 $ 6,920 $ 66 $ 7,106 $ 455 $ 7,627

Operating Leases (Tables)

Operating Leases (Tables)	9 Months Ended
	Sep. 30, 2023
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) 2023 2022 2023 2022 Operating lease cost (1) $ 744 $ 705 $ 2,237 $ 2,029 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 809 $ 755 $ 2,440 $ 2,182 Right of use assets obtained in exchange for lease obligations $ 1,134 $ 1,043 $ 1,360 $ 2,007 (1) Included in Occupancy and Equipment on the Consolidated Statements of Income (Unaudited). ($ in thousands) September 30, 2023 December 31, 2022 Operating leases: Operating lease assets $ 5,626 $ 6,358 Operating lease liabilities $ 5,852 $ 6,809 Weighted-average remaining lease term 4.5 years 4.3 years Weighted-average discount rate 3.12 % 2.66 %
Maturities of Operating Lease Liabilities	The following table presents maturities of operating lease liabilities as of the date indicated: ($ in thousands) September 30, 2023 Maturities: 2023 $ 465 2024 1,684 2025 1,509 2026 1,088 2027 644 After 2027 996 Total lease payment 6,386 Imputed Interest (534) Present value of operating lease liabilities $ 5,852

Share-Based Compensation (Table

Share-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2023
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) 2023 2022 2023 2022 Share-based compensation expense related to: Stock options $ 27 $ 40 $ 90 $ 130 Restricted stock awards 86 95 256 288 Total share-based compensation expense $ 113 $ 135 $ 346 $ 418 Related tax benefits $ 25 $ 29 $ 75 $ 89 The following table presents unrecognized share-based compensation expense as of the date indicated: September 30, 2023 ($ in thousands) Unrecognized Expense Weighted-Average Remaining Expected Recognition Period Unrecognized share-based compensation expense related to: Stock options $ 224 2.9 years Restricted stock awards 559 2.6 years Total unrecognized share-based compensation expense $ 783 2.7 years
Shared-Based Compensation, Stock Options	The following tables represent stock option activity for the periods indicated: Three Months Ended September 30, 2023 ($ 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 487,840 $ 13.14 3.9 years $ 765 Exercised (64,125) $ 10.33 1.0 years Outstanding at end of period 423,715 $ 13.57 3.9 years $ 798 Exercisable at end of period 345,715 $ 12.32 3.1 years $ 1,082 Nine Months Ended September 30, 2023 ($ 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 566,637 $ 12.49 4.1 years $ 2,946 Exercised (142,922) $ 9.30 1.6 years Outstanding at end of period 423,715 $ 13.57 3.9 years $ 798 Exercisable at end of period 345,715 $ 12.32 3.1 years $ 1,082 The following table represents information regarding unvested stock options for the periods indicated: Three Months Ended September 30, 2023 Nine Months Ended September 30, 2023 Number of Shares Weighted-Average Exercise Price Per Share Number of Shares Weighted-Average Exercise Price Per Share Outstanding at beginning of period 81,000 $ 19.01 94,000 $ 18.95 Vested (3,000) $ 16.58 (16,000) $ 18.22 Outstanding at end of period 78,000 $ 19.10 78,000 $ 19.10
Summary of Restricted Stock Awards	The following table represents restricted stock award activity for the periods indicated: Three Months Ended September 30, 2023 Nine Months Ended September 30, 2023 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 45,761 $ 17.53 62,022 $ 16.59 Granted 3,300 $ 15.80 3,300 $ 15.80 Vested (6,900) $ 16.76 (23,161) $ 14.77 Outstanding at end of period 42,161 $ 17.52 42,161 $ 17.52

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2023
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) 2023 2022 2023 2022 Basic earnings per share: Net income $ 7,023 $ 6,953 $ 24,797 $ 26,285 Less: income allocated to unvested restricted stock (21) (30) (78) (120) Net income allocated to common stock $ 7,002 $ 6,923 $ 24,719 $ 26,165 Weighted-average total common shares outstanding 14,337,341 14,943,027 14,372,908 14,938,160 Less: weighted-average unvested restricted stock (42,539) (65,148) (44,978) (68,163) Weighted-average common shares outstanding, basic 14,294,802 14,877,879 14,327,930 14,869,997 Basic earnings per share $ 0.49 $ 0.47 $ 1.73 $ 1.76 Diluted earnings per share: Net income allocated to common stock $ 7,002 $ 6,923 $ 24,719 $ 26,165 Weighted-average common shares outstanding, basic 14,294,802 14,877,879 14,327,930 14,869,997 Diluted effect of stock options 101,414 210,210 114,030 256,866 Weighted-average common shares outstanding, diluted 14,396,216 15,088,089 14,441,960 15,126,863 Diluted earnings per share $ 0.49 $ 0.46 $ 1.71 $ 1.73

Off-Balance Sheet Credit Expo_2

Off-Balance Sheet Credit Exposures, Commitments and Other Contingencies (Tables)	9 Months Ended
	Sep. 30, 2023
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, 2023 December 31, 2022 ($ in thousands) Fixed Rate Variable Rate Fixed Rate Variable Rate Unused lines of credit $ 2,219 $ 280,122 $ 3,117 $ 251,178 Unfunded loan commitments 762 49,595 692 38,486 Standby letters of credit 4,138 1,786 2,989 1,901 Commercial letters of credit — 160 — 502 Total $ 7,119 $ 331,663 $ 6,798 $ 292,067

Regulatory Matters (Tables)

Regulatory Matters (Tables)	9 Months Ended
	Sep. 30, 2023
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, 2023 PCB Bancorp Common tier 1 capital (to risk-weighted assets) $ 285,717 13.07 % $ 98,341 4.5 % N/A N/A Total capital (to risk-weighted assets) 381,972 17.48 % 174,828 8.0 % N/A N/A Tier 1 capital (to risk-weighted assets) 354,858 16.24 % 131,121 6.0 % N/A N/A Tier 1 capital (to average assets) 354,858 13.76 % 103,153 4.0 % N/A N/A PCB Bank Common tier 1 capital (to risk-weighted assets) $ 346,705 15.87 % $ 98,338 4.5 % $ 142,043 6.5 % Total capital (to risk-weighted assets) 373,819 17.11 % 174,822 8.0 % 218,528 10.0 % Tier 1 capital (to risk-weighted assets) 346,705 15.87 % 131,117 6.0 % 174,822 8.0 % Tier 1 capital (to average assets) 346,705 13.44 % 103,150 4.0 % 128,937 5.0 % December 31, 2022 PCB Bancorp Common tier 1 capital (to risk-weighted assets) $ 276,360 13.29 % $ 93,554 4.5 % N/A N/A Total capital (to risk-weighted assets) 370,742 17.83 % 166,319 8.0 % N/A N/A Tier 1 capital (to risk-weighted assets) 345,501 16.62 % 124,739 6.0 % N/A N/A Tier 1 capital (to average assets) 345,501 14.33 % 96,472 4.0 % N/A N/A PCB Bank Common tier 1 capital (to risk-weighted assets) $ 338,891 16.30 % $ 93,553 4.5 % $ 135,131 6.5 % Total capital (to risk-weighted assets) 364,132 17.52 % 166,316 8.0 % 207,895 10.0 % Tier 1 capital (to risk-weighted assets) 338,891 16.30 % 124,737 6.0 % 166,316 8.0 % Tier 1 capital (to average assets) 338,891 14.05 % 96,469 4.0 % 120,586 5.0 %

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Sep. 30, 2023
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) 2023 2022 2023 2022 Noninterest income in-scope of Topic 606 Service charges and fees on deposits: Monthly service fees $ 27 $ 24 $ 79 $ 67 Account analysis fees 239 243 699 690 Non-sufficient funds charges 81 53 241 157 Other deposit related fees 24 21 65 60 Total service charges and fees on deposits 371 341 1,084 974 Debit card fees 103 87 254 256 Gain (loss) on sale of other real estate owned — 152 — 152 Wire transfer fees 162 159 467 484 Other service charges 54 48 157 140 Total $ 690 $ 787 $ 1,962 $ 2,006

Basis of Presentation and Sig_4

Basis of Presentation and Significant Accounting Policies - Narrative (Details) $ in Thousands	Dec. 31, 2022 USD ($)	Sep. 30, 2023 USD ($) branch office	Jan. 01, 2023 USD ($)
Product Information [Line Items]
Number of loan production offices | office		7
Decrease in retained earnings	$ (127,181)	$ (142,750)	$ (127,181)
Initial adjustment to ACL on loans	2,021,121	2,142,006
ACL on off-balance sheet credit exposures			299
Deferred tax assets	3,115	4,486	3,115
Total assets	$ 2,420,036	$ 2,567,974
Financing Receivable, Excluding Accrued Interest | Loans Held-for-Investment Concentration Risk | Commercial real estate | Commercial property
Product Information [Line Items]
Concentration risk percentage	63%
Financing Receivable, Excluding Accrued Interest | Loans Held-for-Investment Concentration Risk | Commercial real estate | SBA property
Product Information [Line Items]
Concentration risk percentage	6.60%
Financing Receivable, Excluding Accrued Interest | Loans Held-for-Investment Concentration Risk | Commercial and industrial
Product Information [Line Items]
Concentration risk percentage	12.20%
Impact of ASC 326 Adoption
Product Information [Line Items]
Decrease in retained earnings			1,886
Initial adjustment to ACL on loans			1,100
ACL on off-balance sheet credit exposures			1,607
Deferred tax assets			$ 788
California
Product Information [Line Items]
Number of full-service branches | branch		11
California | Minimum
Product Information [Line Items]
Total assets of peer group		$ 1,000,000
California | Maximum
Product Information [Line Items]
Total assets of peer group		$ 5,000,000
New Jersey
Product Information [Line Items]
Number of full-service branches | branch		3
New York
Product Information [Line Items]
Number of full-service branches | branch		3
Texas
Product Information [Line Items]
Number of full-service branches | branch		2

Basis of Presentation and Sig_5

Basis of Presentation and Significant Accounting Policies - Summary of Initial Adjustment to ACL (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2022	Sep. 30, 2023		Jun. 30, 2023	Jan. 01, 2023	Dec. 31, 2022		Jun. 30, 2022	Dec. 31, 2021
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Total ACL on loans	$ 23,761	$ 23,761	$ 25,599	[1]	$ 24,867	$ 24,942	$ 24,942	[1]	$ 21,071	$ 22,381
Deferred tax assets			4,486			3,115	3,115
ACL on off-balance sheet credit exposures						299
Retained earnings			142,750			127,181	127,181
Average Recorded Investment	8,412	4,082
Interest Income	9	26
Commercial real estate
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Total ACL on loans	18,349	18,349					19,227		16,591	16,797
Commercial and industrial
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Total ACL on loans	5,184	5,184	$ 6,008		$ 6,513	5,502	5,502		$ 4,275	$ 5,310
Commercial real estate
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Total ACL on loans						15,536
Commercial and industrial
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Total ACL on loans						5,502
Consumer
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Total ACL on loans						3,904
SBA commercial term | Commercial and industrial
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Average Recorded Investment	95	168
Interest Income	0	0
Commercial lines of credit | Commercial and industrial
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Average Recorded Investment	4,537	1,512
Interest Income	$ 0	$ 0
Impact of ASC 326 Adoption
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Total ACL on loans						1,067	1,067
Deferred tax assets						788
ACL on off-balance sheet credit exposures						1,607
Retained earnings						(1,886)
Impact of ASC 326 Adoption | Commercial real estate
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Total ACL on loans						(610)
Impact of ASC 326 Adoption | Commercial and industrial
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Total ACL on loans						4,344	$ 4,344
Impact of ASC 326 Adoption | Commercial real estate
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Total ACL on loans						(610)
Impact of ASC 326 Adoption | Commercial and industrial
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Total ACL on loans						4,344
Impact of ASC 326 Adoption | Consumer
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Total ACL on loans						(2,667)
As Reported Under ASC 326
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Total ACL on loans						26,009
Deferred tax assets						3,903
ACL on off-balance sheet credit exposures						1,906
Retained earnings						125,295
As Reported Under ASC 326 | Commercial real estate
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Total ACL on loans						14,775
As Reported Under ASC 326 | Commercial and industrial
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Total ACL on loans						9,846
As Reported Under ASC 326 | Commercial real estate
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Total ACL on loans						14,926
As Reported Under ASC 326 | Commercial and industrial
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Total ACL on loans						9,846
As Reported Under ASC 326 | Consumer
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Total ACL on loans						$ 1,237
[1]Allowance for credit losses on loans at September 30, 2023 is presented under ASC 326, while prior period comparison continues to be presented under legacy ASC 450 and ASC 310.

Basis of Presentation and Sig_6

Basis of Presentation and Significant Accounting Policies - Reclassification of Loans Held-for-Investment and ACL (Details) - USD ($) $ in Thousands	Sep. 30, 2023		Jun. 30, 2023	Jan. 01, 2023	Dec. 31, 2022		Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held-for-investment	$ 2,167,605			$ 2,046,063	$ 2,046,063
Total ACL	25,599	[1]	$ 24,867	24,942	24,942	[1]	$ 23,761	$ 21,071	$ 22,381
Impact of ASC 326 Adoption
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total ACL				1,067	1,067
As Reported Under ASC 326
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held-for-investment				2,046,063
Total ACL				26,009
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held-for-investment	1,503,702				1,774,064
Total ACL					19,227		18,349	16,591	16,797
Commercial real estate | Impact of ASC 326 Adoption
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total ACL				(610)
Commercial real estate | As Reported Under ASC 326
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held-for-investment				1,440,338
Total ACL				14,775
Commercial real estate | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held-for-investment					1,423,284
Total ACL					15,385
Commercial real estate | As Revised
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held-for-investment				1,423,284
Total ACL				15,385
Commercial real estate | Commercial property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held-for-investment					1,288,392
Commercial real estate | Commercial property | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held-for-investment					1,288,392
Total ACL					14,059
Commercial real estate | Commercial property | Reclassification
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held-for-investment					(1,288,392)
Total ACL					(14,059)
Commercial real estate | SBA property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held-for-investment					134,892
Commercial real estate | SBA property | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held-for-investment					134,892
Total ACL					1,326
Commercial real estate | SBA property | Reclassification
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held-for-investment					(134,892)
Total ACL					(1,326)
Commercial real estate | Commercial property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held-for-investment	814,547
Total ACL	11,348		9,601		8,502
Commercial real estate | Commercial property | Impact of ASC 326 Adoption
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total ACL				(1,762)	(1,762)
Commercial real estate | Commercial property | As Reported Under ASC 326
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held-for-investment				772,020
Total ACL				6,740
Commercial real estate | Commercial property | Reclassification
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held-for-investment					772,020
Total ACL					8,502
Commercial real estate | Commercial property | As Revised
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held-for-investment				772,020
Total ACL				8,502
Commercial real estate | Business property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held-for-investment	537,351
Total ACL	4,157		6,077		5,749
Commercial real estate | Business property | Impact of ASC 326 Adoption
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total ACL				896	896
Commercial real estate | Business property | As Reported Under ASC 326
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held-for-investment				526,513
Total ACL				6,645
Commercial real estate | Business property | Reclassification
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held-for-investment					526,513
Total ACL					5,749
Commercial real estate | Business property | As Revised
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held-for-investment				526,513
Total ACL				5,749
Commercial real estate | Multifamily
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held-for-investment	132,558
Total ACL	1,813		1,259		1,134
Commercial real estate | Multifamily | Impact of ASC 326 Adoption
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total ACL				256	256
Commercial real estate | Multifamily | As Reported Under ASC 326
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held-for-investment				124,751
Total ACL				1,390
Commercial real estate | Multifamily | Reclassification
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held-for-investment					124,751
Total ACL					1,134
Commercial real estate | Multifamily | As Revised
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held-for-investment				124,751
Total ACL				1,134
Commercial real estate | Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held-for-investment	19,246			17,054	17,054
Total ACL	95		125	151	151
Commercial real estate | Construction | Impact of ASC 326 Adoption
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total ACL				0	0
Commercial real estate | Construction | As Reported Under ASC 326
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held-for-investment				17,054
Total ACL				151
Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held-for-investment	279,608			249,250	249,250
Total ACL	6,008		6,513	5,502	5,502		5,184	4,275	5,310
Commercial and industrial | Impact of ASC 326 Adoption
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total ACL				4,344	4,344
Commercial and industrial | As Reported Under ASC 326
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held-for-investment				249,250
Total ACL				9,846
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held-for-investment	384,295				22,749
Total ACL					213		$ 228	$ 205	$ 274
Consumer | As Reported Under ASC 326
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held-for-investment				356,475
Consumer | Residential property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held-for-investment	363,369			333,726	333,726
Total ACL	2,093		1,216	3,691	3,691
Consumer | Residential property | Impact of ASC 326 Adoption
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total ACL				(2,534)	(2,534)
Consumer | Residential property | As Reported Under ASC 326
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held-for-investment				333,726
Total ACL				1,157
Consumer | Other consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held-for-investment	20,926			22,749	22,749
Total ACL	$ 85		$ 76	213	213
Consumer | Other consumer | Impact of ASC 326 Adoption
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total ACL				(133)	$ (133)
Consumer | Other consumer | As Reported Under ASC 326
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held-for-investment				22,749
Total ACL				$ 80
[1]Allowance for credit losses on loans at September 30, 2023 is presented under ASC 326, while prior period comparison continues to be presented under legacy ASC 450 and ASC 310.

Fair Value Measurements - Asset

Fair Value Measurements - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Securities available-for-sale:
Securities available-for-sale	$ 139,218	$ 141,863
Residential mortgage-backed securities
Securities available-for-sale:
Securities available-for-sale	100,271	96,900
Residential collateralized mortgage obligations
Securities available-for-sale:
Securities available-for-sale	24,196	26,956
SBA loan pool securities
Securities available-for-sale:
Securities available-for-sale	7,578	9,298
Municipal bonds
Securities available-for-sale:
Securities available-for-sale	3,076	4,186
Corporate bonds
Securities available-for-sale:
Securities available-for-sale	4,097	4,523
Recurring
Securities available-for-sale:
Securities available-for-sale	139,218	141,863
Total assets measured at fair value	139,218	141,863
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	100,271	96,900
Recurring | Residential collateralized mortgage obligations
Securities available-for-sale:
Securities available-for-sale	24,196	26,956
Recurring | SBA loan pool securities
Securities available-for-sale:
Securities available-for-sale	7,578	9,298
Recurring | Municipal bonds
Securities available-for-sale:
Securities available-for-sale	3,076	4,186
Recurring | Corporate bonds
Securities available-for-sale:
Securities available-for-sale	4,097	4,523
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring
Securities available-for-sale:
Securities available-for-sale	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	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	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	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring | Municipal bonds
Securities available-for-sale:
Securities available-for-sale	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring | Corporate bonds
Securities available-for-sale:
Securities available-for-sale	0	0
Significant Other Observable Inputs (Level 2) | Recurring
Securities available-for-sale:
Securities available-for-sale	139,218	141,863
Total assets measured at fair value	139,218	141,863
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	100,271	96,900
Significant Other Observable Inputs (Level 2) | Recurring | Residential collateralized mortgage obligations
Securities available-for-sale:
Securities available-for-sale	24,196	26,956
Significant Other Observable Inputs (Level 2) | Recurring | SBA loan pool securities
Securities available-for-sale:
Securities available-for-sale	7,578	9,298
Significant Other Observable Inputs (Level 2) | Recurring | Municipal bonds
Securities available-for-sale:
Securities available-for-sale	3,076	4,186
Significant Other Observable Inputs (Level 2) | Recurring | Corporate bonds
Securities available-for-sale:
Securities available-for-sale	4,097	4,523
Significant Unobservable Inputs (Level 3) | Recurring
Securities available-for-sale:
Securities available-for-sale	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	0	0
Significant Unobservable Inputs (Level 3) | Recurring | Residential collateralized mortgage obligations
Securities available-for-sale:
Securities available-for-sale	0	0
Significant Unobservable Inputs (Level 3) | Recurring | SBA loan pool securities
Securities available-for-sale:
Securities available-for-sale	0	0
Significant Unobservable Inputs (Level 3) | Recurring | Municipal bonds
Securities available-for-sale:
Securities available-for-sale	0	0
Significant Unobservable Inputs (Level 3) | Recurring | Corporate bonds
Securities available-for-sale:
Securities available-for-sale	$ 0	$ 0

Fair Value Measurements - Ass_2

Fair Value Measurements - Assets and Liabilities Measured at Fair Value on a Non-recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total loans individually evaluated		$ 3,889
Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total loans individually evaluated	$ 120
Total impaired loans		4,000
Total assets measured at fair value	120	4,000
Total liabilities measured at fair value on a non-recurring basis	0	0
Nonrecurring | Business property
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total loans individually evaluated	120
Nonrecurring | Commercial lines of credit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans		4,000
Quoted Prices in Active Markets for Identical Assets (Level 1) | Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total loans individually evaluated	0
Total impaired loans		0
Total assets measured at fair value	0	0
Total liabilities measured at fair value on a non-recurring basis	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Nonrecurring | Business property
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total loans individually evaluated	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Nonrecurring | Commercial lines of credit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans		0
Significant Other Observable Inputs (Level 2) | Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total loans individually evaluated	0
Total impaired loans		0
Total assets measured at fair value	0	0
Total liabilities measured at fair value on a non-recurring basis	0	0
Significant Other Observable Inputs (Level 2) | Nonrecurring | Business property
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total loans individually evaluated	0
Significant Other Observable Inputs (Level 2) | Nonrecurring | Commercial lines of credit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans		0
Significant Unobservable Inputs (Level 3) | Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total loans individually evaluated	120
Total impaired loans		4,000
Total assets measured at fair value	120	4,000
Total liabilities measured at fair value on a non-recurring basis	0	0
Significant Unobservable Inputs (Level 3) | Nonrecurring | Business property
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total loans individually evaluated	$ 120
Significant Unobservable Inputs (Level 3) | Nonrecurring | Commercial lines of credit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans		$ 4,000

Fair Value Measurements - Level

Fair Value Measurements - Level 3 Measurement Inputs (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total loans individually evaluated		$ 3,889
Nonrecurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total loans individually evaluated	$ 120
Total impaired loans		4,000
Nonrecurring | Business property
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total loans individually evaluated	120
Nonrecurring | Commercial lines of credit
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total impaired loans		4,000
Significant Unobservable Inputs (Level 3) | Nonrecurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total loans individually evaluated	120
Total impaired loans		4,000
Significant Unobservable Inputs (Level 3) | Nonrecurring | Business property
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total loans individually evaluated	$ 120
Significant Unobservable Inputs (Level 3) | Nonrecurring | Commercial lines of credit
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total impaired loans		$ 4,000

Fair Value Measurements - Net G

Fair Value Measurements - Net Gains (Losses) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net gains recognized	$ (15)	$ 152	$ 1,027	$ 152
Business property
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net gains recognized	(15)	0	(47)	0
Commercial and industrial
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net gains recognized	0	0	1,074	0
Other real estate owned
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net gains recognized	$ 0	$ 152	$ 0	$ 152

Fair Value Measurements - Fair

Fair Value Measurements - Fair Values of Financial Assets and Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Financial assets:
Securities available-for-sale	$ 139,218	$ 141,863
Carrying Value
Financial assets:
Interest-bearing deposits in other financial institutions	169,659	123,829
Securities available-for-sale	139,218	141,863
Loans held-for-sale	6,693	22,811
Net loans held-for-investment	2,142,006	2,021,121
Federal Home Loan Bank (“FHLB”) and other restricted stock	12,716	10,183
Accrued interest receivable	8,731	7,472
Financial liabilities:
Deposits	2,192,129	2,045,983
FHLB advances		20,000
Accrued interest payable	18,797	3,159
Fair Value
Financial assets:
Interest-bearing deposits in other financial institutions	169,659	123,829
Securities available-for-sale	139,218	141,863
Loans held-for-sale	7,111	23,992
Net loans held-for-investment	2,057,783	1,970,235
Accrued interest receivable	8,731	7,472
Financial liabilities:
Deposits	2,191,128	2,041,667
FHLB advances		20,001
Accrued interest payable	18,797	3,159
Fair Value | Level 1
Financial assets:
Interest-bearing deposits in other financial institutions	169,659	123,829
Securities available-for-sale	0	0
Loans held-for-sale	0	0
Net loans held-for-investment	0	0
Accrued interest receivable	318	49
Financial liabilities:
Deposits	0	0
FHLB advances		0
Accrued interest payable	0	0
Fair Value | Level 2
Financial assets:
Interest-bearing deposits in other financial institutions	0	0
Securities available-for-sale	139,218	141,863
Loans held-for-sale	7,111	23,992
Net loans held-for-investment	0	0
Accrued interest receivable	462	475
Financial liabilities:
Deposits	0	0
FHLB advances		20,001
Accrued interest payable	0	5
Fair Value | 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	2,057,783	1,970,235
Accrued interest receivable	7,951	6,948
Financial liabilities:
Deposits	2,191,128	2,041,667
FHLB advances		0
Accrued interest payable	$ 18,797	$ 3,154

Investment Securities - Summary

Investment Securities - Summary of Debt and Equity Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Securities available-for-sale:
Amortized Cost	$ 158,472	$ 156,978
Gross Unrealized Gain	4	118
Gross Unrealized Loss	(19,258)	(15,233)
Fair Value	139,218	141,863
Residential mortgage-backed securities
Securities available-for-sale:
Amortized Cost	115,837	109,497
Gross Unrealized Gain	0	1
Gross Unrealized Loss	(15,566)	(12,598)
Fair Value	100,271	96,900
Residential collateralized mortgage obligations
Securities available-for-sale:
Amortized Cost	26,303	28,515
Gross Unrealized Gain	0	107
Gross Unrealized Loss	(2,107)	(1,666)
Fair Value	24,196	26,956
SBA loan pool securities
Securities available-for-sale:
Amortized Cost	8,027	9,704
Gross Unrealized Gain	3	8
Gross Unrealized Loss	(452)	(414)
Fair Value	7,578	9,298
Municipal bonds
Securities available-for-sale:
Amortized Cost	3,305	4,262
Gross Unrealized Gain	1	2
Gross Unrealized Loss	(230)	(78)
Fair Value	3,076	4,186
Corporate bonds
Securities available-for-sale:
Amortized Cost	5,000	5,000
Gross Unrealized Gain	0	0
Gross Unrealized Loss	(903)	(477)
Fair Value	$ 4,097	$ 4,523

Investment Securities - Narrati

Investment Securities - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Marketable Securities [Line Items]
Securities available-for-sale	$ 139,218		$ 139,218		$ 141,863
Accrued interest on securities available-for-sale	462		462		475
Proceeds from sales and calls of securities available-for-sale	0	$ 1,000	0	$ 1,000
Debt securities, available-for-sale, ACL	0		$ 0
Investment Securities Concentration Risk | Debt Securities, Available-for-Sale, Excluding Accrued Interest | Issued By US Government Agency and US Government Sponsored Enterprise
Marketable Securities [Line Items]
Concentration risk percentage			94.80%
Asset Pledged as Collateral
Marketable Securities [Line Items]
Securities available-for-sale	$ 70,000		$ 70,000		$ 69,000

Investment Securities - Summa_2

Investment Securities - Summary of Contractual Maturities (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Amortized Cost
Within one year	$ 865
One to five years	81
Five to ten years	5,725
Greater than ten years	1,634
Residential mortgage-backed securities, residential collateralized mortgage obligations and SBA loan pool securities	150,167
Amortized Cost	158,472	$ 156,978
Fair Value
Within one year	861
One to five years	76
Five to ten years	4,761
Greater than ten years	1,475
Residential mortgage-backed securities, residential collateralized mortgage obligations and SBA loan pool securities	132,045
Fair Value	$ 139,218	$ 141,863

Investment Securities - Summa_3

Investment Securities - Summary of Individual Securities in Continuous Unrealized Loss Position (Details) $ in Thousands	Sep. 30, 2023 USD ($) security	Dec. 31, 2022 USD ($) security
Securities available-for-sale:
Less Than 12 Months, Fair Value	$ 40,473	$ 82,769
Less Than 12 Months, Gross Unrealized Losses	$ (1,312)	$ (5,792)
Less Than 12 Months, Number of Securities | security	32	136
12 months or Longer, Fair Value	$ 97,400	$ 44,780
12 months or Longer, Gross Unrealized Losses	$ (17,946)	$ (9,441)
12 months or Longer, Number of Securities | security	159	45
Total, Fair Value	$ 137,873	$ 127,549
Total, Gross Unrealized Losses	$ (19,258)	$ (15,233)
Total, Number of Securities | security	191	181
Residential mortgage-backed securities
Securities available-for-sale:
Less Than 12 Months, Fair Value	$ 25,453	$ 55,171
Less Than 12 Months, Gross Unrealized Losses	$ (859)	$ (3,721)
Less Than 12 Months, Number of Securities | security	16	83
12 months or Longer, Fair Value	$ 74,818	$ 41,697
12 months or Longer, Gross Unrealized Losses	$ (14,707)	$ (8,877)
12 months or Longer, Number of Securities | security	110	36
Total, Fair Value	$ 100,271	$ 96,868
Total, Gross Unrealized Losses	$ (15,566)	$ (12,598)
Total, Number of Securities | security	126	119
Residential collateralized mortgage obligations
Securities available-for-sale:
Less Than 12 Months, Fair Value	$ 11,300	$ 12,600
Less Than 12 Months, Gross Unrealized Losses	$ (226)	$ (1,191)
Less Than 12 Months, Number of Securities | security	7	29
12 months or Longer, Fair Value	$ 12,896	$ 2,262
12 months or Longer, Gross Unrealized Losses	$ (1,881)	$ (475)
12 months or Longer, Number of Securities | security	35	7
Total, Fair Value	$ 24,196	$ 14,862
Total, Gross Unrealized Losses	$ (2,107)	$ (1,666)
Total, Number of Securities | security	42	36
SBA loan pool securities
Securities available-for-sale:
Less Than 12 Months, Fair Value	$ 1,505	$ 7,161
Less Than 12 Months, Gross Unrealized Losses	$ (2)	$ (325)
Less Than 12 Months, Number of Securities | security	2	12
12 months or Longer, Fair Value	$ 5,228	$ 821
12 months or Longer, Gross Unrealized Losses	$ (450)	$ (89)
12 months or Longer, Number of Securities | security	12	2
Total, Fair Value	$ 6,733	$ 7,982
Total, Gross Unrealized Losses	$ (452)	$ (414)
Total, Number of Securities | security	14	14
Municipal bonds
Securities available-for-sale:
Less Than 12 Months, Fair Value	$ 2,215	$ 3,314
Less Than 12 Months, Gross Unrealized Losses	$ (225)	$ (78)
Less Than 12 Months, Number of Securities | security	7	11
12 months or Longer, Fair Value	$ 361	$ 0
12 months or Longer, Gross Unrealized Losses	$ (5)	$ 0
12 months or Longer, Number of Securities | security	1	0
Total, Fair Value	$ 2,576	$ 3,314
Total, Gross Unrealized Losses	$ (230)	$ (78)
Total, Number of Securities | security	8	11
Corporate bonds
Securities available-for-sale:
Less Than 12 Months, Fair Value	$ 0	$ 4,523
Less Than 12 Months, Gross Unrealized Losses	$ 0	$ (477)
Less Than 12 Months, Number of Securities | security	0	1
12 months or Longer, Fair Value	$ 4,097	$ 0
12 months or Longer, Gross Unrealized Losses	$ (903)	$ 0
12 months or Longer, Number of Securities | security	1	0
Total, Fair Value	$ 4,097	$ 4,523
Total, Gross Unrealized Losses	$ (903)	$ (477)
Total, Number of Securities | security	1	1

Loans and Allowance for Credi_3

Loans and Allowance for Credit Losses on Loans - Loans Held-For-Investment (Details) - USD ($) $ in Thousands	Sep. 30, 2023		Jun. 30, 2023	Jan. 01, 2023	Dec. 31, 2022		Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	$ 2,167,605			$ 2,046,063	$ 2,046,063
Allowance for credit losses on loans	(25,599)	[1]	$ (24,867)	(24,942)	(24,942)	[1]	$ (23,761)	$ (21,071)	$ (22,381)
Net loans held-for-investment	2,142,006				2,021,121
As Reported Under ASC 326
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment				2,046,063
Allowance for credit losses on loans				(26,009)
Net loans held-for-investment				2,020,054
Officers and Directors
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	111				113
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	1,503,702				1,774,064
Allowance for credit losses on loans					(19,227)		(18,349)	(16,591)	(16,797)
Commercial real estate | As Reported Under ASC 326
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment				1,440,338
Allowance for credit losses on loans				(14,775)
Commercial real estate | Commercial property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	814,547
Allowance for credit losses on loans	(11,348)		(9,601)		(8,502)
Commercial real estate | Commercial property | As Reported Under ASC 326
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment				772,020
Allowance for credit losses on loans				(6,740)
Commercial real estate | Business property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	537,351
Allowance for credit losses on loans	(4,157)		(6,077)		(5,749)
Commercial real estate | Business property | As Reported Under ASC 326
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment				526,513
Allowance for credit losses on loans				(6,645)
Commercial real estate | Multifamily
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	132,558
Allowance for credit losses on loans	(1,813)		(1,259)		(1,134)
Commercial real estate | Multifamily | As Reported Under ASC 326
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment				124,751
Allowance for credit losses on loans				(1,390)
Commercial real estate | Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	19,246			17,054	17,054
Allowance for credit losses on loans	(95)		(125)	(151)	(151)
Commercial real estate | Construction | As Reported Under ASC 326
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment				17,054
Allowance for credit losses on loans				(151)
Commercial real estate | Commercial property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment					1,288,392
Commercial real estate | Residential property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment					333,726
Commercial real estate | SBA property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment					134,892
Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	279,608			249,250	249,250
Allowance for credit losses on loans	(6,008)		(6,513)	(5,502)	(5,502)		(5,184)	(4,275)	(5,310)
Commercial and industrial | As Reported Under ASC 326
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment				249,250
Allowance for credit losses on loans				(9,846)
Commercial and industrial | Commercial term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment					77,700
Commercial and industrial | Commercial lines of credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment					154,142
Commercial and industrial | SBA commercial term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment					16,211
Commercial and industrial | SBA PPP
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment					1,197
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	384,295				22,749
Allowance for credit losses on loans					(213)		$ (228)	$ (205)	$ (274)
Consumer | As Reported Under ASC 326
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment				356,475
Consumer | Residential mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	363,369			333,726	333,726
Allowance for credit losses on loans	(2,093)		(1,216)	(3,691)	(3,691)
Consumer | Residential mortgage | As Reported Under ASC 326
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment				333,726
Allowance for credit losses on loans				(1,157)
Consumer | Other consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	20,926			22,749	22,749
Allowance for credit losses on loans	$ (85)		$ (76)	(213)	$ (213)
Consumer | Other consumer | As Reported Under ASC 326
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment				22,749
Allowance for credit losses on loans				$ (80)
[1]Allowance for credit losses on loans at September 30, 2023 is presented under ASC 326, while prior period comparison continues to be presented under legacy ASC 450 and ASC 310.

Loans and Allowance for Credi_4

Loans and Allowance for Credit Losses on Loans - Allowance for Loan Losses (Details) - USD ($) $ in Thousands		3 Months Ended			9 Months Ended
		Sep. 30, 2023		Sep. 30, 2022	Sep. 30, 2023		Sep. 30, 2022		Jan. 01, 2023	Dec. 31, 2022
Financing Receivable, Allowance for Credit Loss [Line Items]
Provision (reversal) for credit losses on loans		$ 822		$ 3,753	$ (1,438)		$ 2,453
Reversal for credit losses on off-balance sheet credit exposures		(71)			(392)
Total provision (reversal) for credit losses	[1]	751		3,753	(1,830)	[2]	2,453	[2]
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance		24,867		21,071	24,942	[3]	22,381
Charge-offs		(112)		(1,112)	(119)		(1,171)
Recoveries		22		49	1,147		98
Provision (reversal) for credit losses on loans		822		3,753	(1,438)		2,453
Ending balance		25,599	[3]	23,761	25,599	[3]	23,761
Allowance for loan losses:
Individually evaluated for impairment										$ 0
Collectively evaluated for impairment										24,942
Total		25,599	[3]	23,761	25,599	[3]	23,761		$ 24,942	24,942	[3]
Loans receivable:
Individually evaluated for impairment										3,889
Collectively evaluated for impairment										2,042,174
Total		2,167,605			2,167,605				2,046,063	2,046,063
Impact of ASC 326 Adoption
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance					1,067
Allowance for loan losses:
Total									1,067	1,067
Commercial real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Provision (reversal) for credit losses on loans				1,758			1,552
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance				16,591	19,227		16,797
Charge-offs				0			0
Recoveries				0			0
Provision (reversal) for credit losses on loans				1,758			1,552
Ending balance				18,349			18,349
Allowance for loan losses:
Individually evaluated for impairment										0
Collectively evaluated for impairment										19,227
Total				18,349			18,349			19,227
Loans receivable:
Individually evaluated for impairment										3,889
Collectively evaluated for impairment										1,770,175
Total		1,503,702			1,503,702					1,774,064
Commercial real estate | Impact of ASC 326 Adoption
Allowance for loan losses:
Total									(610)
Commercial real estate | Commercial property
Financing Receivable, Allowance for Credit Loss [Line Items]
Provision (reversal) for credit losses on loans		1,747			4,608
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance		9,601			8,502
Charge-offs		0			0
Recoveries		0			0
Provision (reversal) for credit losses on loans		1,747			4,608
Ending balance		11,348			11,348
Allowance for loan losses:
Total		11,348			11,348					8,502
Loans receivable:
Total		814,547			814,547
Commercial real estate | Commercial property | Impact of ASC 326 Adoption
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance					(1,762)
Allowance for loan losses:
Total									(1,762)	(1,762)
Commercial real estate | Business property
Financing Receivable, Allowance for Credit Loss [Line Items]
Provision (reversal) for credit losses on loans		(1,922)			(2,492)
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance		6,077			5,749
Charge-offs		0			(4)
Recoveries		2			8
Provision (reversal) for credit losses on loans		(1,922)			(2,492)
Ending balance		4,157			4,157
Allowance for loan losses:
Total		4,157			4,157					5,749
Loans receivable:
Total		537,351			537,351
Commercial real estate | Business property | Impact of ASC 326 Adoption
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance					896
Allowance for loan losses:
Total									896	896
Commercial real estate | Multifamily
Financing Receivable, Allowance for Credit Loss [Line Items]
Provision (reversal) for credit losses on loans		554			423
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance		1,259			1,134
Charge-offs		0			0
Recoveries		0			0
Provision (reversal) for credit losses on loans		554			423
Ending balance		1,813			1,813
Allowance for loan losses:
Total		1,813			1,813					1,134
Loans receivable:
Total		132,558			132,558
Commercial real estate | Multifamily | Impact of ASC 326 Adoption
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance					256
Allowance for loan losses:
Total									256	256
Commercial real estate | Construction
Financing Receivable, Allowance for Credit Loss [Line Items]
Provision (reversal) for credit losses on loans		(30)			(56)
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance		125			151
Charge-offs		0			0
Recoveries		0			0
Provision (reversal) for credit losses on loans		(30)			(56)
Ending balance		95			95
Allowance for loan losses:
Total		95			95				151	151
Loans receivable:
Total		19,246			19,246				17,054	17,054
Commercial real estate | Construction | Impact of ASC 326 Adoption
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance					0
Allowance for loan losses:
Total									0	0
Commercial and industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Provision (reversal) for credit losses on loans		(468)		1,966	(4,893)		925
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance		6,513		4,275	5,502		5,310
Charge-offs		(45)		(1,078)	(45)		(1,095)
Recoveries		8		21	1,100		44
Provision (reversal) for credit losses on loans		(468)		1,966	(4,893)		925
Ending balance		6,008		5,184	6,008		5,184
Allowance for loan losses:
Individually evaluated for impairment										0
Collectively evaluated for impairment										5,502
Total		6,008		5,184	6,008		5,184		5,502	5,502
Loans receivable:
Individually evaluated for impairment										0
Collectively evaluated for impairment										249,250
Total		279,608			279,608				249,250	249,250
Commercial and industrial | Impact of ASC 326 Adoption
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance					4,344
Allowance for loan losses:
Total									4,344	4,344
Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Provision (reversal) for credit losses on loans				29			(24)
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance				205	213		274
Charge-offs				(34)			(76)
Recoveries				28			54
Provision (reversal) for credit losses on loans				29			(24)
Ending balance				228			228
Allowance for loan losses:
Individually evaluated for impairment										0
Collectively evaluated for impairment										213
Total				$ 228			$ 228			213
Loans receivable:
Individually evaluated for impairment										0
Collectively evaluated for impairment										22,749
Total		384,295			384,295					22,749
Consumer | Residential mortgage
Financing Receivable, Allowance for Credit Loss [Line Items]
Provision (reversal) for credit losses on loans		877			936
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance		1,216			3,691
Charge-offs		0			0
Recoveries		0			0
Provision (reversal) for credit losses on loans		877			936
Ending balance		2,093			2,093
Allowance for loan losses:
Total		2,093			2,093				3,691	3,691
Loans receivable:
Total		363,369			363,369				333,726	333,726
Consumer | Residential mortgage | Impact of ASC 326 Adoption
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance					(2,534)
Allowance for loan losses:
Total									(2,534)	(2,534)
Consumer | Other consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Provision (reversal) for credit losses on loans		64			36
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance		76			213
Charge-offs		(67)			(70)
Recoveries		12			39
Provision (reversal) for credit losses on loans		64			36
Ending balance		85			85
Allowance for loan losses:
Total		85			85				213	213
Loans receivable:
Total		$ 20,926			20,926				22,749	22,749
Consumer | Other consumer | Impact of ASC 326 Adoption
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance					$ (133)
Allowance for loan losses:
Total									$ (133)	$ (133)
[1]Provision (reversal) for credit losses for the three and nine months ended September 30, 2023 is presented under ASC 326, while prior period comparison continues to be presented under legacy ASC 450 and ASC 310.[2]Provision for credit losses for the nine months ended September 30, 2023 is presented under ASC 326, while prior period comparison continue to be presented under legacy ASC 450 and ASC 310.[3]Allowance for credit losses on loans at September 30, 2023 is presented under ASC 326, while prior period comparison continues to be presented under legacy ASC 450 and ASC 310.

Loans and Allowance for Credi_5

Loans and Allowance for Credit Losses on Loans - Credit Quality Indicators (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Jan. 01, 2023	Dec. 31, 2022
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	$ 256,551		$ 256,551
Year one, originated current fiscal year, writeoff			0
Year two, originated one year before current fiscal year	635,732		635,732
Year two, originated one year before current fiscal year, writeoff			58
Year three, originated two years before current fiscal year	469,153		469,153
Year three, originated two years before current fiscal year, writeoff			0
Year four, originated three years before current fiscal year	188,693		188,693
Year four, originated three years before current fiscal year, writeoff			12
Year five, originated four years before current fiscal year	168,341		168,341
Year five, originated four years before current fiscal year, writeoff			0
Prior	254,496		254,496
Prior, writeoff			49
Revolving Loans	187,343		187,343
Revolving Loans, writeoff			0
Revolving Loans Converted to Term	7,296		7,296
Revolving Loans Converted to Term, writeoff			0
Total	2,167,605		2,167,605		$ 2,046,063	$ 2,046,063
Current period gross write offs	112	$ 1,112	119	$ 1,171
Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	256,551		256,551
Year two, originated one year before current fiscal year	635,732		635,732
Year three, originated two years before current fiscal year	468,474		468,474
Year four, originated three years before current fiscal year	188,305		188,305
Year five, originated four years before current fiscal year	165,213		165,213
Prior	247,668		247,668
Revolving Loans	186,343		186,343
Revolving Loans Converted to Term	7,296		7,296
Total	2,155,582		2,155,582			2,032,995
Special mention
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	0		0
Year two, originated one year before current fiscal year	0		0
Year three, originated two years before current fiscal year	486		486
Year four, originated three years before current fiscal year	380		380
Year five, originated four years before current fiscal year	343		343
Prior	3,072		3,072
Revolving Loans	1,000		1,000
Revolving Loans Converted to Term	0		0
Total	5,281		5,281			6,857
Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	0		0
Year two, originated one year before current fiscal year	0		0
Year three, originated two years before current fiscal year	193		193
Year four, originated three years before current fiscal year	8		8
Year five, originated four years before current fiscal year	2,785		2,785
Prior	3,756		3,756
Revolving Loans	0		0
Revolving Loans Converted to Term	0		0
Total	6,742		6,742			6,211
Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	0		0
Year two, originated one year before current fiscal year	0		0
Year three, originated two years before current fiscal year	0		0
Year four, originated three years before current fiscal year	0		0
Year five, originated four years before current fiscal year	0		0
Prior	0		0
Revolving Loans	0		0
Revolving Loans Converted to Term	0		0
Total	0		0			0
Commercial real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total	1,503,702		1,503,702			1,774,064
Current period gross write offs		0		0
Commercial real estate | Commercial property
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	95,320		95,320
Year one, originated current fiscal year, writeoff			0
Year two, originated one year before current fiscal year	271,938		271,938
Year two, originated one year before current fiscal year, writeoff			0
Year three, originated two years before current fiscal year	157,845		157,845
Year three, originated two years before current fiscal year, writeoff			0
Year four, originated three years before current fiscal year	85,631		85,631
Year four, originated three years before current fiscal year, writeoff			0
Year five, originated four years before current fiscal year	71,263		71,263
Year five, originated four years before current fiscal year, writeoff			0
Prior	121,819		121,819
Prior, writeoff			0
Revolving Loans	10,731		10,731
Revolving Loans, writeoff			0
Revolving Loans Converted to Term	0		0
Revolving Loans Converted to Term, writeoff			0
Total	814,547		814,547
Current period gross write offs	0		0
Commercial real estate | Commercial property | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	95,320		95,320
Year two, originated one year before current fiscal year	271,938		271,938
Year three, originated two years before current fiscal year	157,359		157,359
Year four, originated three years before current fiscal year	85,631		85,631
Year five, originated four years before current fiscal year	70,950		70,950
Prior	116,624		116,624
Revolving Loans	10,731		10,731
Revolving Loans Converted to Term	0		0
Total	808,553		808,553
Commercial real estate | Commercial property | Special mention
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	0		0
Year two, originated one year before current fiscal year	0		0
Year three, originated two years before current fiscal year	486		486
Year four, originated three years before current fiscal year	0		0
Year five, originated four years before current fiscal year	0		0
Prior	2,966		2,966
Revolving Loans	0		0
Revolving Loans Converted to Term	0		0
Total	3,452		3,452
Commercial real estate | Commercial property | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	0		0
Year two, originated one year before current fiscal year	0		0
Year three, originated two years before current fiscal year	0		0
Year four, originated three years before current fiscal year	0		0
Year five, originated four years before current fiscal year	313		313
Prior	2,229		2,229
Revolving Loans	0		0
Revolving Loans Converted to Term	0		0
Total	2,542		2,542
Commercial real estate | Commercial property | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	0		0
Year two, originated one year before current fiscal year	0		0
Year three, originated two years before current fiscal year	0		0
Year four, originated three years before current fiscal year	0		0
Year five, originated four years before current fiscal year	0		0
Prior	0		0
Revolving Loans	0		0
Revolving Loans Converted to Term	0		0
Total	0		0
Commercial real estate | Business property
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	56,612		56,612
Year one, originated current fiscal year, writeoff			0
Year two, originated one year before current fiscal year	109,820		109,820
Year two, originated one year before current fiscal year, writeoff			0
Year three, originated two years before current fiscal year	172,137		172,137
Year three, originated two years before current fiscal year, writeoff			0
Year four, originated three years before current fiscal year	51,462		51,462
Year four, originated three years before current fiscal year, writeoff			0
Year five, originated four years before current fiscal year	72,942		72,942
Year five, originated four years before current fiscal year, writeoff			0
Prior	67,464		67,464
Prior, writeoff			4
Revolving Loans	2,559		2,559
Revolving Loans, writeoff			0
Revolving Loans Converted to Term	4,355		4,355
Revolving Loans Converted to Term, writeoff			0
Total	537,351		537,351
Current period gross write offs	0		4
Commercial real estate | Business property | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	56,612		56,612
Year two, originated one year before current fiscal year	109,820		109,820
Year three, originated two years before current fiscal year	171,944		171,944
Year four, originated three years before current fiscal year	51,462		51,462
Year five, originated four years before current fiscal year	70,621		70,621
Prior	66,757		66,757
Revolving Loans	2,559		2,559
Revolving Loans Converted to Term	4,355		4,355
Total	534,130		534,130
Commercial real estate | Business property | Special mention
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	0		0
Year two, originated one year before current fiscal year	0		0
Year three, originated two years before current fiscal year	0		0
Year four, originated three years before current fiscal year	0		0
Year five, originated four years before current fiscal year	0		0
Prior	0		0
Revolving Loans	0		0
Revolving Loans Converted to Term	0		0
Total	0		0
Commercial real estate | Business property | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	0		0
Year two, originated one year before current fiscal year	0		0
Year three, originated two years before current fiscal year	193		193
Year four, originated three years before current fiscal year	0		0
Year five, originated four years before current fiscal year	2,321		2,321
Prior	707		707
Revolving Loans	0		0
Revolving Loans Converted to Term	0		0
Total	3,221		3,221
Commercial real estate | Business property | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	0		0
Year two, originated one year before current fiscal year	0		0
Year three, originated two years before current fiscal year	0		0
Year four, originated three years before current fiscal year	0		0
Year five, originated four years before current fiscal year	0		0
Prior	0		0
Revolving Loans	0		0
Revolving Loans Converted to Term	0		0
Total	0		0
Commercial real estate | Multifamily
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	12,908		12,908
Year one, originated current fiscal year, writeoff			0
Year two, originated one year before current fiscal year	40,797		40,797
Year two, originated one year before current fiscal year, writeoff			0
Year three, originated two years before current fiscal year	43,456		43,456
Year three, originated two years before current fiscal year, writeoff			0
Year four, originated three years before current fiscal year	26,651		26,651
Year four, originated three years before current fiscal year, writeoff			0
Year five, originated four years before current fiscal year	2,432		2,432
Year five, originated four years before current fiscal year, writeoff			0
Prior	6,314		6,314
Prior, writeoff			0
Revolving Loans	0		0
Revolving Loans, writeoff			0
Revolving Loans Converted to Term	0		0
Revolving Loans Converted to Term, writeoff			0
Total	132,558		132,558
Current period gross write offs	0		0
Commercial real estate | Multifamily | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	12,908		12,908
Year two, originated one year before current fiscal year	40,797		40,797
Year three, originated two years before current fiscal year	43,456		43,456
Year four, originated three years before current fiscal year	26,651		26,651
Year five, originated four years before current fiscal year	2,432		2,432
Prior	6,314		6,314
Revolving Loans	0		0
Revolving Loans Converted to Term	0		0
Total	132,558		132,558
Commercial real estate | Multifamily | Special mention
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	0		0
Year two, originated one year before current fiscal year	0		0
Year three, originated two years before current fiscal year	0		0
Year four, originated three years before current fiscal year	0		0
Year five, originated four years before current fiscal year	0		0
Prior	0		0
Revolving Loans	0		0
Revolving Loans Converted to Term	0		0
Total	0		0
Commercial real estate | Multifamily | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	0		0
Year two, originated one year before current fiscal year	0		0
Year three, originated two years before current fiscal year	0		0
Year four, originated three years before current fiscal year	0		0
Year five, originated four years before current fiscal year	0		0
Prior	0		0
Revolving Loans	0		0
Revolving Loans Converted to Term	0		0
Total	0		0
Commercial real estate | Multifamily | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	0		0
Year two, originated one year before current fiscal year	0		0
Year three, originated two years before current fiscal year	0		0
Year four, originated three years before current fiscal year	0		0
Year five, originated four years before current fiscal year	0		0
Prior	0		0
Revolving Loans	0		0
Revolving Loans Converted to Term	0		0
Total	0		0
Commercial real estate | Construction
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	1,279		1,279
Year one, originated current fiscal year, writeoff			0
Year two, originated one year before current fiscal year	8,614		8,614
Year two, originated one year before current fiscal year, writeoff			0
Year three, originated two years before current fiscal year	0		0
Year three, originated two years before current fiscal year, writeoff			0
Year four, originated three years before current fiscal year	6,503		6,503
Year four, originated three years before current fiscal year, writeoff			0
Year five, originated four years before current fiscal year	2,850		2,850
Year five, originated four years before current fiscal year, writeoff			0
Prior	0		0
Prior, writeoff			0
Revolving Loans	0		0
Revolving Loans, writeoff			0
Revolving Loans Converted to Term	0		0
Revolving Loans Converted to Term, writeoff			0
Total	19,246		19,246		17,054	17,054
Current period gross write offs	0		0
Commercial real estate | Construction | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	1,279		1,279
Year two, originated one year before current fiscal year	8,614		8,614
Year three, originated two years before current fiscal year	0		0
Year four, originated three years before current fiscal year	6,503		6,503
Year five, originated four years before current fiscal year	2,850		2,850
Prior	0		0
Revolving Loans	0		0
Revolving Loans Converted to Term	0		0
Total	19,246		19,246			17,054
Commercial real estate | Construction | Special mention
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	0		0
Year two, originated one year before current fiscal year	0		0
Year three, originated two years before current fiscal year	0		0
Year four, originated three years before current fiscal year	0		0
Year five, originated four years before current fiscal year	0		0
Prior	0		0
Revolving Loans	0		0
Revolving Loans Converted to Term	0		0
Total	0		0			0
Commercial real estate | Construction | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	0		0
Year two, originated one year before current fiscal year	0		0
Year three, originated two years before current fiscal year	0		0
Year four, originated three years before current fiscal year	0		0
Year five, originated four years before current fiscal year	0		0
Prior	0		0
Revolving Loans	0		0
Revolving Loans Converted to Term	0		0
Total	0		0			0
Commercial real estate | Construction | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	0		0
Year two, originated one year before current fiscal year	0		0
Year three, originated two years before current fiscal year	0		0
Year four, originated three years before current fiscal year	0		0
Year five, originated four years before current fiscal year	0		0
Prior	0		0
Revolving Loans	0		0
Revolving Loans Converted to Term	0		0
Total	0		0			0
Commercial real estate | Commercial property
Financing Receivable, Credit Quality Indicator [Line Items]
Total						1,288,392
Commercial real estate | Commercial property | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total						1,282,044
Commercial real estate | Commercial property | Special mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total						3,264
Commercial real estate | Commercial property | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total						3,084
Commercial real estate | Commercial property | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total						0
Commercial real estate | Residential property
Financing Receivable, Credit Quality Indicator [Line Items]
Total						333,726
Commercial real estate | Residential property | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total						333,354
Commercial real estate | Residential property | Special mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total						0
Commercial real estate | Residential property | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total						372
Commercial real estate | Residential property | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total						0
Commercial real estate | SBA property
Financing Receivable, Credit Quality Indicator [Line Items]
Total						134,892
Commercial real estate | SBA property | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total						132,910
Commercial real estate | SBA property | Special mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total						245
Commercial real estate | SBA property | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total						1,737
Commercial real estate | SBA property | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total						0
Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	37,031		37,031
Year one, originated current fiscal year, writeoff			0
Year two, originated one year before current fiscal year	29,884		29,884
Year two, originated one year before current fiscal year, writeoff			0
Year three, originated two years before current fiscal year	12,732		12,732
Year three, originated two years before current fiscal year, writeoff			0
Year four, originated three years before current fiscal year	5,083		5,083
Year four, originated three years before current fiscal year, writeoff			0
Year five, originated four years before current fiscal year	7,249		7,249
Year five, originated four years before current fiscal year, writeoff			0
Prior	11,975		11,975
Prior, writeoff			45
Revolving Loans	172,713		172,713
Revolving Loans, writeoff			0
Revolving Loans Converted to Term	2,941		2,941
Revolving Loans Converted to Term, writeoff			0
Total	279,608		279,608		249,250	249,250
Current period gross write offs	45	1,078	45	1,095
Commercial and industrial | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	37,031		37,031
Year two, originated one year before current fiscal year	29,884		29,884
Year three, originated two years before current fiscal year	12,732		12,732
Year four, originated three years before current fiscal year	4,703		4,703
Year five, originated four years before current fiscal year	6,755		6,755
Prior	11,049		11,049
Revolving Loans	171,713		171,713
Revolving Loans Converted to Term	2,941		2,941
Total	276,808		276,808
Commercial and industrial | Special mention
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	0		0
Year two, originated one year before current fiscal year	0		0
Year three, originated two years before current fiscal year	0		0
Year four, originated three years before current fiscal year	380		380
Year five, originated four years before current fiscal year	343		343
Prior	106		106
Revolving Loans	1,000		1,000
Revolving Loans Converted to Term	0		0
Total	1,829		1,829
Commercial and industrial | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	0		0
Year two, originated one year before current fiscal year	0		0
Year three, originated two years before current fiscal year	0		0
Year four, originated three years before current fiscal year	0		0
Year five, originated four years before current fiscal year	151		151
Prior	820		820
Revolving Loans	0		0
Revolving Loans Converted to Term	0		0
Total	971		971
Commercial and industrial | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	0		0
Year two, originated one year before current fiscal year	0		0
Year three, originated two years before current fiscal year	0		0
Year four, originated three years before current fiscal year	0		0
Year five, originated four years before current fiscal year	0		0
Prior	0		0
Revolving Loans	0		0
Revolving Loans Converted to Term	0		0
Total	0		0
Commercial and industrial | Commercial term
Financing Receivable, Credit Quality Indicator [Line Items]
Total						77,700
Commercial and industrial | Commercial term | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total						75,473
Commercial and industrial | Commercial term | Special mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total						1,248
Commercial and industrial | Commercial term | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total						979
Commercial and industrial | Commercial term | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total						0
Commercial and industrial | Commercial lines of credit
Financing Receivable, Credit Quality Indicator [Line Items]
Total						154,142
Commercial and industrial | Commercial lines of credit | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total						152,042
Commercial and industrial | Commercial lines of credit | Special mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total						2,100
Commercial and industrial | Commercial lines of credit | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total						0
Commercial and industrial | Commercial lines of credit | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total						0
Commercial and industrial | SBA commercial term
Financing Receivable, Credit Quality Indicator [Line Items]
Total						16,211
Commercial and industrial | SBA commercial term | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total						16,175
Commercial and industrial | SBA commercial term | Special mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total						0
Commercial and industrial | SBA commercial term | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total						36
Commercial and industrial | SBA commercial term | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total						0
Commercial and industrial | SBA PPP
Financing Receivable, Credit Quality Indicator [Line Items]
Total						1,197
Commercial and industrial | SBA PPP | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total						1,197
Commercial and industrial | SBA PPP | Special mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total						0
Commercial and industrial | SBA PPP | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total						0
Commercial and industrial | SBA PPP | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total						0
Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Total	384,295		384,295			22,749
Current period gross write offs		$ 34		$ 76
Consumer | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total						22,746
Consumer | Special mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total						0
Consumer | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total						3
Consumer | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total						0
Consumer | Residential mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	48,201		48,201
Year one, originated current fiscal year, writeoff			0
Year two, originated one year before current fiscal year	166,279		166,279
Year two, originated one year before current fiscal year, writeoff			0
Year three, originated two years before current fiscal year	79,297		79,297
Year three, originated two years before current fiscal year, writeoff			0
Year four, originated three years before current fiscal year	11,740		11,740
Year four, originated three years before current fiscal year, writeoff			0
Year five, originated four years before current fiscal year	10,948		10,948
Year five, originated four years before current fiscal year, writeoff			0
Prior	46,904		46,904
Prior, writeoff			0
Revolving Loans	0		0
Revolving Loans, writeoff			0
Revolving Loans Converted to Term	0		0
Revolving Loans Converted to Term, writeoff			0
Total	363,369		363,369		333,726	333,726
Current period gross write offs	0		0
Consumer | Residential mortgage | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	48,201		48,201
Year two, originated one year before current fiscal year	166,279		166,279
Year three, originated two years before current fiscal year	79,297		79,297
Year four, originated three years before current fiscal year	11,740		11,740
Year five, originated four years before current fiscal year	10,948		10,948
Prior	46,904		46,904
Revolving Loans	0		0
Revolving Loans Converted to Term	0		0
Total	363,369		363,369
Consumer | Residential mortgage | Special mention
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	0		0
Year two, originated one year before current fiscal year	0		0
Year three, originated two years before current fiscal year	0		0
Year four, originated three years before current fiscal year	0		0
Year five, originated four years before current fiscal year	0		0
Prior	0		0
Revolving Loans	0		0
Revolving Loans Converted to Term	0		0
Total	0		0
Consumer | Residential mortgage | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	0		0
Year two, originated one year before current fiscal year	0		0
Year three, originated two years before current fiscal year	0		0
Year four, originated three years before current fiscal year	0		0
Year five, originated four years before current fiscal year	0		0
Prior	0		0
Revolving Loans	0		0
Revolving Loans Converted to Term	0		0
Total	0		0
Consumer | Residential mortgage | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	0		0
Year two, originated one year before current fiscal year	0		0
Year three, originated two years before current fiscal year	0		0
Year four, originated three years before current fiscal year	0		0
Year five, originated four years before current fiscal year	0		0
Prior	0		0
Revolving Loans	0		0
Revolving Loans Converted to Term	0		0
Total	0		0
Consumer | Other consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	5,200		5,200
Year one, originated current fiscal year, writeoff			0
Year two, originated one year before current fiscal year	8,400		8,400
Year two, originated one year before current fiscal year, writeoff			58
Year three, originated two years before current fiscal year	3,686		3,686
Year three, originated two years before current fiscal year, writeoff			0
Year four, originated three years before current fiscal year	1,623		1,623
Year four, originated three years before current fiscal year, writeoff			12
Year five, originated four years before current fiscal year	657		657
Year five, originated four years before current fiscal year, writeoff			0
Prior	20		20
Prior, writeoff			0
Revolving Loans	1,340		1,340
Revolving Loans, writeoff			0
Revolving Loans Converted to Term	0		0
Revolving Loans Converted to Term, writeoff			0
Total	20,926		20,926		$ 22,749	$ 22,749
Current period gross write offs	67		70
Consumer | Other consumer | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	5,200		5,200
Year two, originated one year before current fiscal year	8,400		8,400
Year three, originated two years before current fiscal year	3,686		3,686
Year four, originated three years before current fiscal year	1,615		1,615
Year five, originated four years before current fiscal year	657		657
Prior	20		20
Revolving Loans	1,340		1,340
Revolving Loans Converted to Term	0		0
Total	20,918		20,918
Consumer | Other consumer | Special mention
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	0		0
Year two, originated one year before current fiscal year	0		0
Year three, originated two years before current fiscal year	0		0
Year four, originated three years before current fiscal year	0		0
Year five, originated four years before current fiscal year	0		0
Prior	0		0
Revolving Loans	0		0
Revolving Loans Converted to Term	0		0
Total	0		0
Consumer | Other consumer | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	0		0
Year two, originated one year before current fiscal year	0		0
Year three, originated two years before current fiscal year	0		0
Year four, originated three years before current fiscal year	8		8
Year five, originated four years before current fiscal year	0		0
Prior	0		0
Revolving Loans	0		0
Revolving Loans Converted to Term	0		0
Total	8		8
Consumer | Other consumer | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	0		0
Year two, originated one year before current fiscal year	0		0
Year three, originated two years before current fiscal year	0		0
Year four, originated three years before current fiscal year	0		0
Year five, originated four years before current fiscal year	0		0
Prior	0		0
Revolving Loans	0		0
Revolving Loans Converted to Term	0		0
Total	$ 0		$ 0

Loans and Allowance for Credi_6

Loans and Allowance for Credit Losses on Loans - Nonaccrual Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Financing Receivable, Nonaccrual [Line Items]
Total Nonaccrual Loans	$ 3,730	$ 3,360
Nonaccrual Loans with ACL	175
ACL on Nonaccrual Loans	48
Collateral Dependent Nonaccrual Loans	3,722
ACL on Collateral Dependent Nonaccrual Loans	47
Loans guaranteed by US government agency
Financing Receivable, Nonaccrual [Line Items]
Total Nonaccrual Loans	0
Commercial real estate
Financing Receivable, Nonaccrual [Line Items]
Total Nonaccrual Loans	3,650
Nonaccrual Loans with ACL	167
ACL on Nonaccrual Loans	47
Collateral Dependent Nonaccrual Loans	3,650
ACL on Collateral Dependent Nonaccrual Loans	47
Commercial real estate | Commercial property
Financing Receivable, Nonaccrual [Line Items]
Total Nonaccrual Loans	686
Nonaccrual Loans with ACL	0
ACL on Nonaccrual Loans	0
Collateral Dependent Nonaccrual Loans	686
ACL on Collateral Dependent Nonaccrual Loans	0
Commercial real estate | Business property
Financing Receivable, Nonaccrual [Line Items]
Total Nonaccrual Loans	2,964
Nonaccrual Loans with ACL	167
ACL on Nonaccrual Loans	47
Collateral Dependent Nonaccrual Loans	2,964
ACL on Collateral Dependent Nonaccrual Loans	47
Commercial and industrial
Financing Receivable, Nonaccrual [Line Items]
Total Nonaccrual Loans	72
Nonaccrual Loans with ACL	0
ACL on Nonaccrual Loans	0
Collateral Dependent Nonaccrual Loans	72
ACL on Collateral Dependent Nonaccrual Loans	0
Consumer
Financing Receivable, Nonaccrual [Line Items]
Total Nonaccrual Loans	8	$ 3
Nonaccrual Loans with ACL	8
ACL on Nonaccrual Loans	1
Collateral Dependent Nonaccrual Loans	0
ACL on Collateral Dependent Nonaccrual Loans	0
Consumer | Other consumer
Financing Receivable, Nonaccrual [Line Items]
Total Nonaccrual Loans	8
Nonaccrual Loans with ACL	8
ACL on Nonaccrual Loans	1
Collateral Dependent Nonaccrual Loans	0
ACL on Collateral Dependent Nonaccrual Loans	$ 0

Loans and Allowance for Credi_7

Loans and Allowance for Credit Losses on Loans - Collateral Dependent Loans (Details) $ in Thousands	Sep. 30, 2023 USD ($)
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	$ 3,722
Hotel / Motel
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	700
Warehouse
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	2,205
Retail
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	759
Single Family Residential
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	58
Commercial real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	3,650
Commercial real estate | Hotel / Motel
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	686
Commercial real estate | Warehouse
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	2,205
Commercial real estate | Retail
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	759
Commercial real estate | Single Family Residential
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	0
Commercial real estate | Commercial property
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	686
Commercial real estate | Commercial property | Hotel / Motel
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	686
Commercial real estate | Commercial property | Warehouse
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	0
Commercial real estate | Commercial property | Retail
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	0
Commercial real estate | Commercial property | Single Family Residential
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	0
Commercial real estate | Business property
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	2,964
Commercial real estate | Business property | Hotel / Motel
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	0
Commercial real estate | Business property | Warehouse
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	2,205
Commercial real estate | Business property | Retail
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	759
Commercial real estate | Business property | Single Family Residential
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	0
Commercial and industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	72
Commercial and industrial | Hotel / Motel
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	14
Commercial and industrial | Warehouse
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	0
Commercial and industrial | Retail
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	0
Commercial and industrial | Single Family Residential
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	$ 58

Loans and Allowance for Credi_8

Loans and Allowance for Credit Losses on Loans - Past Due Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Financing Receivable, Past Due [Line Items]
Nonaccrual	$ 3,730	$ 3,360
Total Loans Past Due		3,494
Commercial real estate
Financing Receivable, Past Due [Line Items]
Nonaccrual	3,650
Commercial real estate | Commercial property
Financing Receivable, Past Due [Line Items]
Nonaccrual	686
Commercial real estate | Business property
Financing Receivable, Past Due [Line Items]
Nonaccrual	2,964
Commercial real estate | Commercial property
Financing Receivable, Past Due [Line Items]
Nonaccrual		2,400
Total Loans Past Due		2,400
Commercial real estate | Residential property
Financing Receivable, Past Due [Line Items]
Nonaccrual		372
Total Loans Past Due		372
Commercial real estate | SBA property
Financing Receivable, Past Due [Line Items]
Nonaccrual		585
Total Loans Past Due		585
Consumer
Financing Receivable, Past Due [Line Items]
Nonaccrual	8	3
Total Loans Past Due		137
Consumer | Other consumer
Financing Receivable, Past Due [Line Items]
Nonaccrual	8
Past Due
Financing Receivable, Past Due [Line Items]
Still Accruing	708
Nonaccrual	1,445
Total Loans Past Due	2,153
Past Due | Commercial real estate
Financing Receivable, Past Due [Line Items]
Still Accruing	562
Nonaccrual	1,445
Total Loans Past Due	2,007
Past Due | Commercial real estate | Commercial property
Financing Receivable, Past Due [Line Items]
Still Accruing	358
Nonaccrual	686
Total Loans Past Due	1,044
Past Due | Commercial real estate | Business property
Financing Receivable, Past Due [Line Items]
Still Accruing	204
Nonaccrual	759
Total Loans Past Due	963
Past Due | Consumer
Financing Receivable, Past Due [Line Items]
Still Accruing	146
Nonaccrual	0
Total Loans Past Due	146
Past Due | Consumer | Other consumer
Financing Receivable, Past Due [Line Items]
Still Accruing	146
Nonaccrual	0
Total Loans Past Due	146
30 to 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Still Accruing	654	47
Nonaccrual	686
30 to 59 Days Past Due | Commercial real estate
Financing Receivable, Past Due [Line Items]
Still Accruing	562
Nonaccrual	686
30 to 59 Days Past Due | Commercial real estate | Commercial property
Financing Receivable, Past Due [Line Items]
Still Accruing	358
Nonaccrual	686
30 to 59 Days Past Due | Commercial real estate | Business property
Financing Receivable, Past Due [Line Items]
Still Accruing	204
Nonaccrual	0
30 to 59 Days Past Due | Commercial real estate | Commercial property
Financing Receivable, Past Due [Line Items]
Still Accruing		0
30 to 59 Days Past Due | Commercial real estate | Residential property
Financing Receivable, Past Due [Line Items]
Still Accruing		0
30 to 59 Days Past Due | Commercial real estate | SBA property
Financing Receivable, Past Due [Line Items]
Still Accruing		0
30 to 59 Days Past Due | Consumer
Financing Receivable, Past Due [Line Items]
Still Accruing	92	47
Nonaccrual	0
30 to 59 Days Past Due | Consumer | Other consumer
Financing Receivable, Past Due [Line Items]
Still Accruing	92
Nonaccrual	0
60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Still Accruing	54	87
Nonaccrual	0
60 to 89 Days Past Due | Commercial real estate
Financing Receivable, Past Due [Line Items]
Still Accruing	0
Nonaccrual	0
60 to 89 Days Past Due | Commercial real estate | Commercial property
Financing Receivable, Past Due [Line Items]
Still Accruing	0
Nonaccrual	0
60 to 89 Days Past Due | Commercial real estate | Business property
Financing Receivable, Past Due [Line Items]
Still Accruing	0
Nonaccrual	0
60 to 89 Days Past Due | Commercial real estate | Commercial property
Financing Receivable, Past Due [Line Items]
Still Accruing		0
60 to 89 Days Past Due | Commercial real estate | Residential property
Financing Receivable, Past Due [Line Items]
Still Accruing		0
60 to 89 Days Past Due | Commercial real estate | SBA property
Financing Receivable, Past Due [Line Items]
Still Accruing		0
60 to 89 Days Past Due | Consumer
Financing Receivable, Past Due [Line Items]
Still Accruing	54	87
Nonaccrual	0
60 to 89 Days Past Due | Consumer | Other consumer
Financing Receivable, Past Due [Line Items]
Still Accruing	54
Nonaccrual	0
90 or More Days Past Due
Financing Receivable, Past Due [Line Items]
Still Accruing	0	0
Nonaccrual	759
90 or More Days Past Due | Commercial real estate
Financing Receivable, Past Due [Line Items]
Still Accruing	0
Nonaccrual	759
90 or More Days Past Due | Commercial real estate | Commercial property
Financing Receivable, Past Due [Line Items]
Still Accruing	0
Nonaccrual	0
90 or More Days Past Due | Commercial real estate | Business property
Financing Receivable, Past Due [Line Items]
Still Accruing	0
Nonaccrual	759
90 or More Days Past Due | Commercial real estate | Commercial property
Financing Receivable, Past Due [Line Items]
Still Accruing		0
90 or More Days Past Due | Commercial real estate | Residential property
Financing Receivable, Past Due [Line Items]
Still Accruing		0
90 or More Days Past Due | Commercial real estate | SBA property
Financing Receivable, Past Due [Line Items]
Still Accruing		0
90 or More Days Past Due | Consumer
Financing Receivable, Past Due [Line Items]
Still Accruing	0	$ 0
Nonaccrual	0
90 or More Days Past Due | Consumer | Other consumer
Financing Receivable, Past Due [Line Items]
Still Accruing	0
Nonaccrual	$ 0

Loans and Allowance for Credi_9

Loans and Allowance for Credit Losses on Loans - Loan Modification (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023
Receivables [Abstract]
Loans both experiencing financial difficulty and modified	$ 0	$ 0

Loans and Allowance for Cred_10

Loans and Allowance for Credit Losses on Loans - Purchases, Sales, and Transfers (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Transfer of loans to held-for-sale	$ 0		$ 0
Transfer of loans to held-for-investment	0	$ 0	0	$ 0
Purchase of loans held for investment	0	0		0
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Purchase of loans held for investment	0		15,741
Consumer | Residential mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Purchase of loans held for investment	$ 0		$ 15,741
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Transfer of loans to held-for-sale		458		458
Commercial real estate | Residential property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Transfer of loans to held-for-sale		$ 458		$ 458

Loans and Allowance for Cred_11

Loans and Allowance for Credit Losses on Loans - Loans Held-For-Sale (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-sale, at lower of cost or fair value	$ 6,693	$ 22,811
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-sale, at lower of cost or fair value	5,355
Commercial real estate | Business property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-sale, at lower of cost or fair value	5,355
Commercial real estate | SBA property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-sale, at lower of cost or fair value		16,473
Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-sale, at lower of cost or fair value	$ 1,338
Commercial and industrial | Commercial lines of credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-sale, at lower of cost or fair value		4,000
Commercial and industrial | SBA commercial term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-sale, at lower of cost or fair value		$ 2,338

Loans and Allowance for Cred_12

Loans and Allowance for Credit Losses on Loans - Impaired Loans by Portfolio Segment (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2022	Dec. 31, 2022
Financing Receivable, Impaired [Line Items]
Impaired financing receivable, with no allowance recorded, recorded investment			$ 3,891
Impaired financing receivable, with no allowance recorded, unpaid principal balance			3,939
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	$ 8,412	$ 4,082
Interest Income	9	26
Interest Foregone on Impaired Loans [Abstract]
Interest income that would have been recognized had impaired loans performed in accordance with their original terms	109	159
Less: interest income recognized on impaired loans on a cash basis	(9)	(26)
Interest income foregone on impaired loans	100	133
Commercial real estate | Commercial property
Financing Receivable, Impaired [Line Items]
Impaired financing receivable, with no allowance recorded, recorded investment			2,721
Impaired financing receivable, with no allowance recorded, unpaid principal balance			2,727
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	2,772	1,140
Interest Income	5	16
Commercial real estate | Residential property
Financing Receivable, Impaired [Line Items]
Impaired financing receivable, with no allowance recorded, recorded investment			372
Impaired financing receivable, with no allowance recorded, unpaid principal balance			372
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	225	381
Interest Income	0	0
Commercial real estate | SBA property
Financing Receivable, Impaired [Line Items]
Impaired financing receivable, with no allowance recorded, recorded investment			798
Impaired financing receivable, with no allowance recorded, unpaid principal balance			840
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	783	881
Interest Income	4	10
Commercial and industrial | Commercial lines of credit
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	4,537	1,512
Interest Income	0	0
Commercial and industrial | SBA commercial term
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	95	168
Interest Income	$ 0	$ 0

Servicing Assets - Narrative (D

Servicing Assets - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Transfers and Servicing [Abstract]
Loans sold with servicing rights retained	$ 17,700	$ 27,300	$ 61,600	$ 105,400
Net gain on sale	689	1,400	2,800	7,200
Loan servicing income	$ 851	$ 780	$ 2,600	$ 2,200

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, 2023	Dec. 31, 2022	Jun. 30, 2023	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
Servicing Assets at Fair Value [Line Items]
Carrying amount	$ 6,920	$ 7,347	$ 7,142	$ 7,627	$ 7,716	$ 7,269
Fair value	$ 9,306	$ 9,828
Discount rate (percent)
Prepayment speed (percent)
Weighted-average remaining life
Underlying loans being serviced	$ 536,424	$ 531,095
Residential Mortgage
Servicing Assets at Fair Value [Line Items]
Carrying amount	51	64	55	66	72	86
Fair value	$ 100	$ 118
Discount rate (percent)	9.93%	7.73%
Prepayment speed (percent)	15.15%	17.10%
Weighted-average remaining life	20 years	20 years 9 months 18 days
Underlying loans being serviced	$ 10,942	$ 13,058
CRE SBA
Servicing Assets at Fair Value [Line Items]
Carrying amount	6,434	6,831	6,655	7,106	7,193	6,701
Fair value	$ 8,575	$ 9,090
Discount rate (percent)	12.30%	11.47%
Prepayment speed (percent)	16.12%	14.82%
Weighted-average remaining life	21 years 1 month 6 days	21 years 4 months 24 days
Underlying loans being serviced	$ 469,727	$ 461,738
C&I SBA
Servicing Assets at Fair Value [Line Items]
Carrying amount	435	452	$ 432	$ 455	$ 451	$ 482
Fair value	$ 631	$ 620
Discount rate (percent)	15.46%	12.55%
Prepayment speed (percent)	15.26%	18.93%
Weighted-average remaining life	6 years 10 months 24 days	6 years 8 months 12 days
Underlying loans being serviced	$ 55,755	$ 56,299

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, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance at beginning of period	$ 7,142	$ 7,716	$ 7,347	$ 7,269
Additions	249	434	917	1,942
Amortization	(471)	(523)	(1,344)	(1,584)
Balance at end of period	6,920	7,627	6,920	7,627
Residential Mortgage
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance at beginning of period	55	72	64	86
Additions	0	0	0	0
Amortization	(4)	(6)	(13)	(20)
Balance at end of period	51	66	51	66
CRE SBA
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance at beginning of period	6,655	7,193	6,831	6,701
Additions	199	370	787	1,784
Amortization	(420)	(457)	(1,184)	(1,379)
Balance at end of period	6,434	7,106	6,434	7,106
C&I SBA
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance at beginning of period	432	451	452	482
Additions	50	64	130	158
Amortization	(47)	(60)	(147)	(185)
Balance at end of period	$ 435	$ 455	$ 435	$ 455

Operating Leases - Cost and Sup

Operating Leases - Cost and Supplemental Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Leases [Abstract]
Operating lease cost	$ 744	$ 705	$ 2,237	$ 2,029
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	809	755	2,440	2,182
Right of use assets obtained in exchange for lease obligations	1,134	$ 1,043	1,360	$ 2,007
Operating leases:
Operating lease assets	5,626		5,626		$ 6,358
Operating lease liabilities	$ 5,852		$ 5,852		$ 6,809
Weighted-average remaining lease term	4 years 6 months		4 years 6 months		4 years 3 months 18 days
Weighted-average discount rate	3.12%		3.12%		2.66%

Operating Leases - Maturities o

Operating Leases - Maturities of Operating Lease Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Maturities:
2023	$ 465
2024	1,684
2025	1,509
2026	1,088
2027	644
After 2027	996
Total lease payment	6,386
Imputed Interest	(534)
Present value of operating lease liabilities	$ 5,852	$ 6,809

Federal Home Loan Bank Advanc_2

Federal Home Loan Bank Advances and Other Borrowings (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Borrowings from the FHLB	$ 0	$ 20
Weighted average interest rate		4.65%
Loans pledged to secure borrowings	1,020	$ 1,160
Additional borrowing capacity	639.1	561.7
FHLB of San Francisco
Debt Instrument [Line Items]
Investment in capital stock of the FHLB	12.5	$ 10
FHLB Advances
Debt Instrument [Line Items]
Unused borrowing capacity	490.6
Loans pledged as collateral	632.2
Borrowings outstanding	0
Overnight federal funds lines, maximum borrowing capacity	$ 65

Shareholders_ Equity (Details)

Shareholders’ Equity (Details) - USD ($) $ / shares in Units, $ in Thousands		2 Months Ended	3 Months Ended		8 Months Ended	9 Months Ended
	May 24, 2022	Sep. 30, 2023	Sep. 30, 2023	Sep. 30, 2022	Mar. 31, 2023	Sep. 30, 2023	Sep. 30, 2022	Aug. 02, 2023	Dec. 31, 2022	Jul. 28, 2022
Equity, Class of Treasury Stock [Line Items]
Issuance of preferred stock							$ 69,141
Number of shares authorized to be repurchased (in shares)								720,000		747,938
Repurchase of common stock (in shares)		67,202			747,938
Repurchase of common stock (in dollars per share)		$ 15.75			$ 18.15
Repurchase of common stock		$ 1,100	$ 1,058	$ 2,249	$ 13,600	$ 7,903	$ 2,249
Maximum
Equity, Class of Treasury Stock [Line Items]
Number of shares authorized to be repurchased as a percent of common stock outstanding (as a percent)								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
Preferred stock annual dividend rate (as a percent)	2%

Share-Based Compensation - Narr

Share-Based Compensation - Narrative (Details) - Stock options - shares	Sep. 30, 2023	May 25, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Authorized options to purchase (in shares)		700,000
Shares available for future grants (in shares)	696,700

Share-Based Compensation - Shar

Share-Based Compensation - Share-Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation expense	$ 113	$ 135	$ 346	$ 418
Related tax benefits	25	29	75	89
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation expense	27	40	90	130
Restricted stock awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation expense	$ 86	$ 95	$ 256	$ 288

Share-Based Compensation - Unre

Share-Based Compensation - Unrecognized Share-Based Compensation Expense (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2023 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options	$ 224
Restricted stock awards	559
Total unrecognized share-based compensation expense	$ 783
Weighted-Average Remaining Expected Recognition Period	2 years 8 months 12 days
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-Average Remaining Expected Recognition Period	2 years 10 months 24 days
Restricted stock awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-Average Remaining Expected Recognition Period	2 years 7 months 6 days

Share-Based Compensation - Stoc

Share-Based Compensation - Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	6 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Sep. 30, 2023	Dec. 31, 2022
Number of Shares
Outstanding at beginning of period (in shares)	487,840	566,637	566,637
Exercised (in shares)	(64,125)		(142,922)
Outstanding at end of period (in shares)	423,715	487,840	423,715	566,637
Number of Shares, Exercisable at end of period (in shares)	345,715		345,715
Weighted-Average Exercise Price Per Share
Outstanding at beginning of period (in dollars per share)	$ 13.14	$ 12.49	$ 12.49
Exercised (in dollars per share)	10.33		9.30
Outstanding at end of period (in dollars per share)	13.57	$ 13.14	13.57	$ 12.49
Weighted-Average Exercise Price Per Share, Exercisable at end of period (in dollars per share)	$ 12.32		$ 12.32
Weighted-Average Contractual Term
Weighted-Average Contractual Term, Outstanding	3 years 10 months 24 days	3 years 10 months 24 days	3 years 10 months 24 days	4 years 1 month 6 days
Weighted-Average Contractual Term, Exercised	1 year		1 year 7 months 6 days
Weighted-Average Contractual Term, Exercisable at end of period	3 years 1 month 6 days		3 years 1 month 6 days
Aggregate Intrinsic Value, Balance	$ 798	$ 765	$ 798	$ 2,946
Aggregate Intrinsic Value, Exercisable at end of period	$ 1,082		$ 1,082

Share-Based Compensation - Nonv

Share-Based Compensation - Nonvested Options (Details) - Unvested Stock Options - $ / shares	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023
Number of Shares
Outstanding at beginning of period (in shares)	81,000	94,000
Vested (in shares)	(3,000)	(16,000)
Outstanding at end of period (in shares)	78,000	78,000
Weighted-Average Exercise Price Per Share
Outstanding at beginning of period (in dollars per share)	$ 19.01	$ 18.95
Vested (in dollars per share)	16.58	18.22
Outstanding at end of period (in dollars per share)	$ 19.10	$ 19.10

Share-Based Compensation - Rest

Share-Based Compensation - Restricted Stock Awards (Details) - Restricted stock awards - $ / shares	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023
Number of Shares
Outstanding at beginning of period (in shares)	45,761	62,022
Granted (in shares)	3,300	3,300
Vested (in shares)	(6,900)	(23,161)
Outstanding at end of period (in shares)	42,161	42,161
Weighted-Average Grant Date Fair Value Per Share
Outstanding at beginning of period (in dollars per share)	$ 17.53	$ 16.59
Granted (in dollars per share)	15.80	15.80
Vested (in dollars per share)	16.76	14.77
Outstanding at end of period (in dollars per share)	$ 17.52	$ 17.52

Income Taxes (Details)

Income Taxes (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income tax expense	$ 2,970,000	$ 2,798,000	$ 10,205,000	$ 10,728,000
Effective tax rate	29.70%	28.70%	29.20%	29%
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, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Basic earnings per share:
Net income	$ 7,023	$ 6,953	$ 24,797	$ 26,285
Less: income allocated to unvested restricted stock	(21)	(30)	(78)	(120)
Net income allocated to common stock	$ 7,002	$ 6,923	$ 24,719	$ 26,165
Weighted-average total common shares outstanding (in shares)	14,337,341	14,943,027	14,372,908	14,938,160
Less: weighted-average unvested restricted stock (in shares)	(42,539)	(65,148)	(44,978)	(68,163)
Weighted-average common shares outstanding, basic (in shares)	14,294,802	14,877,879	14,327,930	14,869,997
Basic earnings per share (in dollars per share)	$ 0.49	$ 0.47	$ 1.73	$ 1.76
Diluted earnings per share:
Net income allocated to common stock	$ 7,002	$ 6,923	$ 24,719	$ 26,165
Weighted-average common shares outstanding, basic (in shares)	14,294,802	14,877,879	14,327,930	14,869,997
Diluted effect of stock options (in shares)	101,414	210,210	114,030	256,866
Weighted-average common shares outstanding, diluted (in shares)	14,396,216	15,088,089	14,441,960	15,126,863
Diluted earnings per share (in shares)	$ 0.49	$ 0.46	$ 1.71	$ 1.73
Number of shares excluded from EPS calculation (in shares)	93,700	65,000	93,700	65,000

Off-Balance Sheet Credit Expo_3

Off-Balance Sheet Credit Exposures, Commitments and Other Contingencies - Outstanding Financial Commitments (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Fixed Rate
Other Commitments [Line Items]
Outstanding financial commitments whose contractual amount represents credit risk	$ 7,119	$ 6,798
Fixed Rate | Unused lines of credit
Other Commitments [Line Items]
Outstanding financial commitments whose contractual amount represents credit risk	2,219	3,117
Fixed Rate | Unfunded loan commitments
Other Commitments [Line Items]
Outstanding financial commitments whose contractual amount represents credit risk	762	692
Fixed Rate | Standby letters of credit
Other Commitments [Line Items]
Outstanding financial commitments whose contractual amount represents credit risk	4,138	2,989
Fixed Rate | Commercial letters of credit
Other Commitments [Line Items]
Outstanding financial commitments whose contractual amount represents credit risk	0	0
Variable Rate
Other Commitments [Line Items]
Outstanding financial commitments whose contractual amount represents credit risk	331,663	292,067
Variable Rate | Unused lines of credit
Other Commitments [Line Items]
Outstanding financial commitments whose contractual amount represents credit risk	280,122	251,178
Variable Rate | Unfunded loan commitments
Other Commitments [Line Items]
Outstanding financial commitments whose contractual amount represents credit risk	49,595	38,486
Variable Rate | Standby letters of credit
Other Commitments [Line Items]
Outstanding financial commitments whose contractual amount represents credit risk	1,786	1,901
Variable Rate | Commercial letters of credit
Other Commitments [Line Items]
Outstanding financial commitments whose contractual amount represents credit risk	$ 160	$ 502

Off-Balance Sheet Credit Expo_4

Off-Balance Sheet Credit Exposures, Commitments and Other Contingencies - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023	Jan. 01, 2023	Dec. 31, 2022
Other Commitments [Line Items]
ACL on off-balance sheet credit exposures			$ 299
Pending Litigation
Other Commitments [Line Items]
Preliminary settlement cost	$ 700
SEC Schedule, 12-09, Reserve, Off-balance Sheet Activity
Other Commitments [Line Items]
Reserve for off-balance sheet items	$ 1,500	$ 1,500		$ 299
Impact of ASC 326 Adoption
Other Commitments [Line Items]
ACL on off-balance sheet credit exposures			$ 1,607
Unfunded loan commitments
Other Commitments [Line Items]
Maturity term		90 days
Unfunded loan commitments | SBA Loans
Other Commitments [Line Items]
Maturity term		180 days

Regulatory Matters - Narrative

Regulatory Matters - Narrative (Details)	Sep. 30, 2023	Dec. 31, 2022
PCB Bancorp
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Capital conservation buffer	8.57%	8.79%
PCB Bank
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Capital conservation buffer	9.11%	9.52%

Regulatory Matters - Schedule o

Regulatory Matters - Schedule of Regulatory Capital Amounts and Ratios (Details) $ in Thousands	Sep. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)
PCB Bancorp
Actual
Common tier 1 capital (to risk-weighted assets), amount	$ 285,717	$ 276,360
Common tier 1 capital (to risk-weighted assets), ratio	0.1307	0.1329
Total capital (to risk-weighted assets), amount	$ 381,972	$ 370,742
Total capital (to risk-weighted assets), ratio	0.1748	0.1783
Tier 1 capital (to risk-weighted assets), amount	$ 354,858	$ 345,501
Tier 1 capital (to risk-weighted assets), ratio	0.1624	0.1662
Tier 1 capital (to average assets), amount	$ 354,858	$ 345,501
Tier 1 capital (to average assets), ratio	0.1376	0.1433
Minimum Capital Requirement
Common tier 1 capital (to risk-weighted assets), amount	$ 98,341	$ 93,554
Common tier 1 capital (to risk-weighted assets), ratio	4.50%	4.50%
Total capital (to risk-weighted assets), amount	$ 174,828	$ 166,319
Total capital (to risk-weighted assets), ratio	0.080	0.080
Tier 1 capital (to risk-weighted assets), amount	$ 131,121	$ 124,739
Tier 1 capital (to risk-weighted assets), ratio	0.060	0.060
Tier 1 capital (to average assets), amount	$ 103,153	$ 96,472
Tier 1 capital (to average assets), ratio	0.040	0.040
PCB Bank
Actual
Common tier 1 capital (to risk-weighted assets), amount	$ 346,705	$ 338,891
Common tier 1 capital (to risk-weighted assets), ratio	0.1587	0.1630
Total capital (to risk-weighted assets), amount	$ 373,819	$ 364,132
Total capital (to risk-weighted assets), ratio	0.1711	0.1752
Tier 1 capital (to risk-weighted assets), amount	$ 346,705	$ 338,891
Tier 1 capital (to risk-weighted assets), ratio	0.1587	0.1630
Tier 1 capital (to average assets), amount	$ 346,705	$ 338,891
Tier 1 capital (to average assets), ratio	0.1344	0.1405
Minimum Capital Requirement
Common tier 1 capital (to risk-weighted assets), amount	$ 98,338	$ 93,553
Common tier 1 capital (to risk-weighted assets), ratio	4.50%	4.50%
Total capital (to risk-weighted assets), amount	$ 174,822	$ 166,316
Total capital (to risk-weighted assets), ratio	0.080	0.080
Tier 1 capital (to risk-weighted assets), amount	$ 131,117	$ 124,737
Tier 1 capital (to risk-weighted assets), ratio	0.060	0.060
Tier 1 capital (to average assets), amount	$ 103,150	$ 96,469
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	$ 142,043	$ 135,131
Common tier 1 capital (to risk-weighted assets), ratio	6.50%	6.50%
Total capital (to risk-weighted assets), amount	$ 218,528	$ 207,895
Total capital (to risk-weighted assets), ratio	0.100	0.100
Tier 1 capital (to risk-weighted assets), amount	$ 174,822	$ 166,316
Tier 1 capital (to risk-weighted assets), ratio	0.080	0.080
Tier 1 capital (to average assets), amount	$ 128,937	$ 120,586
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, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Disaggregation of Revenue [Line Items]
Total	$ 690	$ 787	$ 1,962	$ 2,006
Total service charges and fees on deposits
Disaggregation of Revenue [Line Items]
Total	371	341	1,084	974
Monthly service fees
Disaggregation of Revenue [Line Items]
Total	27	24	79	67
Account analysis fees
Disaggregation of Revenue [Line Items]
Total	239	243	699	690
Non-sufficient funds charges
Disaggregation of Revenue [Line Items]
Total	81	53	241	157
Other deposit related fees
Disaggregation of Revenue [Line Items]
Total	24	21	65	60
Debit card fees
Disaggregation of Revenue [Line Items]
Total	103	87	254	256
Gain (loss) on sale of other real estate owned
Disaggregation of Revenue [Line Items]
Total	0	152	0	152
Wire transfer fees
Disaggregation of Revenue [Line Items]
Total	162	159	467	484
Other service charges
Disaggregation of Revenue [Line Items]
Total	$ 54	$ 48	$ 157	$ 140

Subsequent Events (Details)

Subsequent Events (Details) - $ / shares		3 Months Ended		9 Months Ended
	Oct. 25, 2023	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Subsequent Event [Line Items]
Cash dividends declared on common stock (in dollars per share)		$ 0.18	$ 0.15	$ 0.51	$ 0.45
Subsequent Event
Subsequent Event [Line Items]
Cash dividends declared on common stock (in dollars per share)	$ 0.18