PCB Bancorp (PCB) 10-K 12 Mar 24 2023 FY Annual report Financial data

Cover

Cover - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Feb. 29, 2024	Jun. 30, 2023
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-38621
Entity Registrant Name	PCB Bancorp
Entity Incorporation, State or Country Code	CA
Entity Tax Identification Number	20-8856755
Entity Address, Address Line One	3701 Wilshire Boulevard
Entity Address, Address Line Two	Suite 900
Entity Address, City or Town	Los Angeles
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90010
City Area Code	213
Local Phone Number	210-2000
Title of 12(b) Security	Common Stock, No Par Value
Trading Symbol	PCB
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 160.2
Entity Common Stock, Shares Outstanding		14,263,140
Documents Incorporated by Reference	The information required in Part III, Items 10 through 14 are incorporated herein by reference to the registrant’s definitive proxy statement for the 2024 annual meeting of shareholders which will be filed with the Securities and Exchange Commission within 120 days of the registrant’s fiscal year end.
Amendment Flag	false
Entity Central Index Key	0001423869
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2023
Audit Information [Abstract]
Auditor Firm ID	173
Auditor Name	Crowe LLP
Auditor Location	Los Angeles, California

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands		Dec. 31, 2023	Dec. 31, 2022
Assets
Cash and due from banks		$ 26,518	$ 23,202
Interest-bearing deposits in other financial institutions		215,824	123,829
Total cash and cash equivalents		242,342	147,031
Securities available-for-sale, at fair value (amortized cost of $156,175 and $156,978 at December 31, 2023 and 2022, respectively, and allowance for credit losses of $0 at December 31, 2023)		143,323	141,863
Loans held-for-sale		5,155	22,811
Loans held-for-investment, net of deferred loan costs (fees)		2,323,452	2,046,063
Allowance for credit losses on loans	[1]	(27,533)	(24,942)
Net loans held-for-investment		2,295,919	2,021,121
Premises and equipment, net		5,999	6,916
Federal Home Loan Bank and other restricted stock, at cost		12,716	10,183
Other real estate owned, net		2,558	0
Bank-owned life insurance		30,817	30,064
Deferred tax assets, net		0	3,115
Servicing assets		6,666	7,347
Operating lease assets		18,913	6,358
Accrued interest receivable		9,468	7,472
Other assets		15,630	15,755
Total assets		2,789,506	2,420,036
Deposits:
Noninterest-bearing demand		594,673	734,989
Savings, NOW and money market accounts		421,203	514,741
Time deposits of $250,000 or less		760,034	382,377
Time deposits of more than $250,000		575,702	413,876
Total deposits		2,351,612	2,045,983
Federal Home Loan Bank advances		39,000	20,000
Deferred tax liabilities, net		876	0
Operating lease liabilities		20,137	6,809
Accrued interest payable and other liabilities		29,009	11,802
Total liabilities		2,440,634	2,084,594
Commitments and contingent liabilities
Preferred stock, 10,000,000 shares authorized, no par value:
Common stock, 60,000,000 shares authorized, no par value; issued and outstanding 14,260,440 and 14,625,474 shares, respectively, and included 41,661 and 62,022 shares of unvested restricted stock, respectively, at December 31, 2023 and 2022		142,563	149,631
Retained earnings		146,092	127,181
Accumulated other comprehensive loss, net		(8,924)	(10,511)
Total shareholders’ equity		348,872	335,442
Total liabilities and shareholders’ equity		2,789,506	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 December 31, 2023 and 2022, respectively		$ 69,141	$ 69,141
[1]Allowance for credit losses on loans at December 31, 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	Dec. 31, 2023	Dec. 31, 2022
Amortized cost	$ 156,175	$ 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)	14,260,440	14,625,474
Common stock, outstanding (in shares)	14,260,440	14,625,474
Unvested restricted stock (in shares)	271,000	94,000
Restricted Stock Units (RSUs)
Unvested restricted stock (in shares)	41,661	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 - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021
Interest and dividend income:
Loans, including fees	$ 136,029		$ 95,054		$ 79,155
Tax-exempt investment securities	126		140		146
Taxable investment securities	4,553		2,767		1,467
Other interest-earning assets	10,469		3,790		704
Total interest income	151,177		101,751		81,472
Interest expense:
Deposits	62,165		11,984		4,043
Other borrowings	508		135		292
Total interest expense	62,673		12,119		4,335
Net interest income	88,504		89,632		77,137
Provision (reversal) for credit losses	(132)	[1]	3,602	[2]	(4,596)	[2]
Net interest income after provision (reversal) for loan losses	88,636		86,030		81,733
Noninterest income:
Service charges and fees on deposits	2,650		2,642		2,369
Loan servicing income	3,330		2,969		2,770
Bank-owned life insurance income	753		706		108
Gain on sale of loans	3,570		7,990		12,932
Other income	1,555		1,508		1,429
Total noninterest income	10,683		14,499		18,434
Noninterest expense:
Salaries and employee benefits	34,572		33,056		27,974
Occupancy and equipment	7,924		6,481		5,575
Professional fees	3,087		2,239		2,159
Marketing and business promotion	2,327		2,150		1,656
Data processing	1,552		1,706		1,572
Director fees and expenses	756		706		594
Regulatory assessments	1,103		597		537
Other expenses	4,736		4,191		3,141
Total noninterest expense	56,057		51,126		43,208
Income before income taxes	43,262		49,403		56,959
Income tax expense	12,557		14,416		16,856
Net income	$ 30,705		$ 34,987		$ 40,103
Earnings per common share, basic (in dollars per share)	$ 2.14		$ 2.35		$ 2.66
Earnings per common share, diluted (in dollars per share)	$ 2.12		$ 2.31		$ 2.62
Weighted-average common shares outstanding, basic (in shares)	14,301,691		14,822,018		15,017,637
Weighted-average common shares outstanding, diluted (in shares)	14,417,938		15,065,175		15,253,820
Revenue, Product and Service [Extensible Enumeration]	Service charges and fees on deposits		Service charges and fees on deposits		Service charges and fees on deposits
Service charges and fees on deposits
Noninterest income:
Service charges and fees on deposits	$ 1,475		$ 1,326		$ 1,195
[1]Provision (reversal) for credit losses for the year ended December 31, 2023 is presented under ASC 326, while prior period comparisons continue to be presented under legacy ASC 450 and ASC 310.[2]Provision (reversal) for credit losses for the year ended December 31, 2023 is presented under ASC 326, while prior period comparisons continue to be presented under legacy ASC 450 and ASC 310.

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 30,705	$ 34,987	$ 40,103
Other comprehensive income (loss):
Unrealized gain (loss) on securities available-for-sale arising during the year	2,263	(15,128)	(2,553)
Income tax benefit (expense) related to items of other comprehensive income (loss)	(676)	4,463	751
Total other comprehensive income (loss), net of tax	1,587	(10,665)	(1,802)
Total comprehensive income	$ 32,292	$ 24,322	$ 38,301

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands	Total	Cumulative effect adjustment upon adoption of ASC 326	Adjusted beginning balance	Preferred Stock	Preferred Stock Adjusted beginning balance	Common Stock	Common Stock Adjusted beginning balance	Retained Earnings	Retained Earnings Cumulative effect adjustment upon adoption of ASC 326	Retained Earnings Adjusted beginning balance	Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) Adjusted beginning balance
Beginning balance, preferred stock (in shares) at Dec. 31, 2020				0
Beginning balance, common stock (in shares) at Dec. 31, 2020						15,385,878
Beginning balance at Dec. 31, 2020	$ 233,788			$ 0		$ 164,140		$ 67,692			$ 1,956
Comprehensive income (loss)
Net income	40,103							40,103
Other comprehensive income (loss), net of tax	(1,802)										(1,802)
Issuance of restricted stock (in shares)						35,584
Forfeiture of restricted stock (in shares)						(1,300)
Restricted stock surrendered due to employee tax liability (in shares)						(231)
Restricted stock surrendered due to employee tax liability	$ (4)					$ (4)
Repurchase of common stock (in shares)	(680,269)					(680,269)
Repurchase of common stock	$ (10,876)					$ (10,876)
Share-based compensation expense	453					$ 453
Stock options exercised (in shares)						126,163
Stock options exercised	1,279					$ 1,279
Cash dividends declared on common stock	(6,655)							(6,655)
Ending balance, preferred stock (in shares) at Dec. 31, 2021				0
Ending balance, common stock (in shares) at Dec. 31, 2021						14,865,825
Ending balance at Dec. 31, 2021	256,286			$ 0		$ 154,992		101,140			154
Comprehensive income (loss)
Net income	34,987							34,987
Other comprehensive income (loss), net of tax	(10,665)										(10,665)
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)	(362,557)					(362,557)
Repurchase of common stock	$ (6,732)					$ (6,732)
Share-based compensation expense	539					$ 539
Stock options exercised (in shares)						95,135
Stock options exercised	840					$ 840
Cash dividends declared on common stock	$ (8,946)							(8,946)
Ending balance, preferred stock (in shares) at Dec. 31, 2022				69,141
Ending balance, common stock (in shares) at Dec. 31, 2022	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 Enumeration]	Accounting Standards Update 2016-13 [Member]
Net income	$ 30,705							30,705
Other comprehensive income (loss), net of tax	1,587										1,587
Issuance of restricted stock (in shares)						3,300
Forfeiture of restricted stock (in shares)						(500)
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)	(512,657)					(512,657)
Repurchase of common stock	$ (8,828)					$ (8,828)
Stock repurchase excise tax	(76)					(76)
Share-based compensation expense	$ 488					$ 488
Stock options exercised (in shares)	144,922					144,922
Stock options exercised	$ 1,350					$ 1,350
Cash dividends declared on common stock	$ (9,908)							(9,908)
Ending balance, preferred stock (in shares) at Dec. 31, 2023				69,141
Ending balance, common stock (in shares) at Dec. 31, 2023	14,260,440					14,260,440
Ending balance at Dec. 31, 2023	$ 348,872			$ 69,141		$ 142,563		$ 146,092			$ (8,924)

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Shareholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement of Stockholders' Equity [Abstract]
Cash dividends declared (in dollars per share)	$ 0.69	$ 0.60	$ 0.44

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021
Cash flows from operating activities
Net income	$ 30,705		$ 34,987		$ 40,103
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation of premises and equipment	2,184		1,597		1,375
Net amortization of premiums on securities	209		367		1,004
Net accretion of discounts on loans	(2,197)		(3,551)		(3,504)
Net accretion of deferred loan fees	(1,097)		(2,181)		(6,096)
Amortization of servicing assets	1,883		2,135		2,009
Provision (reversal) for credit losses	(132)	[1]	3,602	[2]	(4,596)	[2]
Bank-owned life insurance income	(753)		(706)		(108)
Deferred tax expense (benefit)	4,103		12,172		(1,953)
Share-based compensation	488		539		453
Gain on sale of loans	(3,570)		(7,990)		(12,932)
Originations of loans held-for-sale	(69,040)		(105,570)		(172,211)
Proceeds from sales of and principal collected on loans held-for-sale	87,422		132,881		150,236
Change in accrued interest receivable and other assets	(934)		(12,738)		2,660
Change in accrued interest payable and other liabilities	14,072		1,723		1,943
Net cash provided by (used in) operating activities	63,343		57,267		(1,617)
Cash flows from investing activities:
Purchase of securities available-for-sale	(17,271)		(57,360)		(47,306)
Proceeds from maturities, calls, and paydowns of securities available-for-sale	17,865		23,200		41,078
Proceeds from sales of and principal collected on loans held-for-sale previously classified as held-for-investment	5,074		458		8,757
Net increase in loans held-for-investment	(261,352)		(317,095)		(149,237)
Purchase of loans held-for-investment	(15,741)		0		(2,139)
Purchase of Federal Home Loan Bank and other restricted stock	(2,533)		(1,606)		(130)
Proceeds from sale of other real estate owned	0		1,191		3,434
Purchases of premises and equipment	(1,315)		(5,453)		(430)
Purchase of bank-owned life insurance	0		0		(29,250)
Net cash used in investing activities	(275,273)		(356,665)		(175,223)
Cash flows from financing activities:
Net increase in deposits	305,629		178,849		272,283
Net change in short-term Federal Home Loan Bank advances	(20,000)		20,000		0
Proceeds from long-term Federal Home Loan Bank advances	39,000		0		0
Repayment of long-term Federal Home Loan Bank advances	0		(10,000)		(70,000)
Stock options exercised	1,350		840		1,279
Restricted stock surrendered due to employee tax liability	(2)		(8)		(4)
Issuance of preferred stock	0		69,141		0
Repurchase of common stock	(8,828)		(6,732)		(10,876)
Cash dividends paid on common stock	(9,908)		(8,946)		(6,655)
Net cash provided by financing activities	307,241		243,144		186,027
Net increase (decrease) in cash and cash equivalents	95,311		(56,254)		9,187
Cash and cash equivalents at beginning of year	147,031		203,285		194,098
Cash and cash equivalents at end of year	242,342		147,031		203,285
Supplemental disclosures of cash flow information:
Interest paid	47,780		9,731		5,790
Income taxes paid	4,284		13,977		14,982
Supplemental disclosures of non-cash investment activities:
Loans transferred to loans held-for-sale	0		4,458		8,752
Loans transferred to other real estate owned	593		151		905
Right-of-use assets obtained in exchange for lease obligations	$ 15,317		$ 2,150		$ 1,459
[1]Provision (reversal) for credit losses for the year ended December 31, 2023 is presented under ASC 326, while prior period comparisons continue to be presented under legacy ASC 450 and ASC 310.[2]Provision (reversal) for credit losses for the year ended December 31, 2023 is presented under ASC 326, while prior period comparisons continue to be presented under legacy ASC 450 and ASC 310.

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies	12 Months Ended
	Dec. 31, 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, which is a single operating segment. The Company changed the Bank’s name from “Pacific City Bank” to “PCB Bank” on August 25, 2022. The Bank is a single operating segment that operates 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 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 consolidated financial statements include the accounts of the Company and its wholly owned subsidiary as of December 31, 2023 and 2022 and for the years ended December 31, 2023, 2022 and 2021. Significant inter-company accounts and transactions have been eliminated in consolidation. Unless the context requires otherwise, all references to the Company include its wholly owned subsidiaries. The accounting and reporting polices of the Company are based upon GAAP and conform to predominant practices within the financial services industry. Significant accounting policies followed by the Company are presented below. Certain prior period amounts have been reclassified to conform to the current year’s presentation. These reclassifications had no impact on the Company’s consolidated statements of financial condition or operations. Use of Estimates in the Preparation of Financial Statements The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. These estimates are subject to change and such change could have a material effect on the consolidated financial statements. Actual results may differ from those estimates. Significant Accounting Policies Cash and Cash Equivalents Cash and cash equivalents include cash on hand, cash items in transit, cash due from the Federal Reserve Bank and other financial institutions, and federal funds sold with original maturities less than 90 days. On March 26, 2020, the Federal Reserve reduced reserve requirement ratios to 0%, eliminating the reserve requirement for all depository institutions. There was no reserve and clearing requirement balance at December 31, 2023 and 2022. Investment Securities Investment securities are classified as held-to-maturity or available-for-sale at the time of purchase based upon the intent of management, liquidity and capital requirements, regulatory limitations and other relevant factors. Debt securities are classified as held-to-maturity when management has the positive intent and ability to hold to maturity. Debt securities are classified as available-for-sale when they might be sold before maturity. Securities held-to-maturity are carried at amortized cost and securities available-for-sale are carried at fair value with unrealized gains and losses, net of taxes, recorded in other comprehensive income. As of December 31, 2023 and 2022, all of the investment securities held by the Company were securities available-for-sale. Gains and losses on sales of securities are determined using the specific identification method. Net realized gains or losses on available-for-sale securities are included in noninterest income and, when applicable, are reported as a reclassification adjustment, net of tax, in other comprehensive income. Amortization of premiums and accretion of discounts are included in interest income using the effective interest method. Allowance for Credit Losses on Investment Securities. Effective January 1, 2023, ACL on securities available-for-sale is determined in accordance with ASC 326. The Company performs a quarterly evaluation for securities in an unrealized loss position to determine if, for those investments in an unrealized loss position, the decline in fair value is credit related or non-credit related. In determining whether a security’s decline in fair value is credit related, the Company considers a number of factors including, but not limited to: (i) the extent to which the fair value of the investment is less than its amortized cost; (ii) the financial condition and near-term prospects of the issuer; (iii) downgrades in credit ratings; (iv) payment structure of the security, (v) the ability of the issuer of the security to make scheduled principal and interest payments, and (vi) general market conditions which reflect prospects for the economy as a whole, including interest rates and sector credit spreads. If it is determined that the unrealized loss, or a portion thereof, is credit related, the Company records the amount of credit loss through a charge to provision for credit losses. Unrealized losses deemed non-credit related are recorded, net of tax, through accumulated other comprehensive income. The Company does not measure credit losses on an investment’s accrued interest receivable, but rather promptly reverses from current period earnings the amount of accrued interest that is no longer deemed collectable. Accrued interest receivable for investment securities is included in accrued interest receivable in the consolidated statements of financial condition. Loans Held-For-Sale The Company originates SBA loans, and certain residential mortgage and CRE loans with the intention for sale in the secondary market. The Company records the guaranteed portion of SBA loans and these residential mortgage and CRE loans held-for-sale at the lower of cost or fair value on an aggregate basis. Fair value is based on commitments on hand from investors or prevailing market prices. A valuation allowance is established if the fair value of such loans is lower than their cost, with a corresponding charge to noninterest income. When the Company changes its intent to hold loans for investment, the loans are transferred to held-for-sale at lower of cost or fair value at the time of transfer, as determined on an individual loan level with charges made to ACL on loans when the fair value is lower than the cost. Deferred fees and cost on transferred loans are included in the determination of gains or losses on sale of the related loans. Subsequent decreases in fair value, if any, are recognized through a valuation allowance with charges made to noninterest income. If a determination is made that a loan held-for-sale cannot be sold in the foreseeable future, it is transferred to loans held-for-investment at lower of cost or fair value on the transfer date with a charge made to noninterest income when the fair value is lower than the cost. Realized gains and losses from sales of loans are included in noninterest income. For sales of guaranteed portion of SBA and certain residential mortgage loans, the loan servicing rights are retained. Loans Held-For-Investment Loans held-for-investment that management has the intent and ability to hold for the foreseeable future are reported at their outstanding unpaid principal balances, net of any charge-offs, deferred fees or costs on originated loans, or unamortized premiums or discounts on purchased loans. Loan origination fees and certain direct origination costs are deferred and recognized in interest income using the effective interest method over the life of the loan. Interest is accrued and credited to income as earned only if deemed collectible. Loans on which the accrual of interest has been discontinued are designated as nonaccrual loans. Accrual of interest on loans is discontinued when principal or interest payment is 90 days past due based on the contractual terms of the loan or when, in the opinion of management, there is reasonable doubt as to collectability. When loans are placed on nonaccrual status, all interest previously accrued but not collected is reversed against current period interest income. Past-due status is based on the contractual terms of the loan. Interest payments that are subsequently received are applied as a reduction to the remaining principal balance as long as concern exists as to the collectability of the principal. Interest accruals are resumed on such loans only when the loans are brought current with respect to interest and principal and when, in the judgment of management, all principal and interest on the loans are expected to be fully collectable. Loan portfolio segments identified by the Company include: commercial real estate (commercial property, business property, multifamily and construction), commercial and industrial, and consumer loans (residential mortgage and other consumer). 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 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 higher 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 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 real estate 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. As of December 31, 2023, the Company’s loan portfolio was primarily collateralized by various forms of real estate and business assets located primarily in California. The Company’s loan portfolio contains concentrations of credit in commercial real estate loans and commercial and industrial loans. The Company maintains policies that address these concentrations, as well as residential mortgage loans, and diversifies its loan portfolio through loan originations, purchases, and sales to meet approved concentration levels. Allowance for Credit Losses on Loans and Off-Balance Sheet Credit Exposures Effective January 1, 2023, ACL on loans is determined in accordance with ASC 326, which requires the Company to record an estimate of expected lifetime credit losses for loans at the time of origination or acquisition. The ACL is maintained at a level deemed appropriate by management to provide for expected credit losses in the portfolio as of the date of the consolidated statements of financial condition. Estimating expected credit losses requires management to use relevant forward-looking information, including the use of reasonable and supportable forecasts. The measurement of the ACL is performed by collectively evaluating loans with similar risk characteristics. The Company’s discounted cash flow methodology incorporates a PD and LGD model, as well as expectations of future economic conditions, using reasonable and supportable forecasts. 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 1-year forecast time horizon, the Company’s ACL model reverts to historical long-term average loss rates over a 1-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 leverages economic projections from a reputable and independent third party to inform and provide its reasonable and supportable economic forecasts. Other internal and external indicators of economic forecasts may also be considered by management when developing the forecast metrics. The Company’s ACL model reverts to long-term average loss rates for purposes of estimating expected cash flows beyond a period deemed reasonable and supportable. The Company forecasts economic conditions and expected credit losses over a one-year time horizon. Beyond the one-year forecast time horizon, the Company’s ACL model reverts to historical long-term average loss rates over one-year period. Management utilizes the economic forecasts provided by the 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 GDP growth rates over the forward-looking 4 quarters are used in determining the PD rates over the forecasted periods. Changes in economic forecasts, in conjunction with changes in loan specific attributes, impact a loan’s PD and LGD, which can drive changes in the determination of the ACL. 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. For each segment of the collectively evaluated loans, a hypothetical worst case scenario loss rate is calculated which is then used as the high watermark for the qualitative adjustment factors. The net difference between the worst case scenario loss rate and the current period’s quantitative reserve rate is the maximum available qualitative reserve for a given segment. The required qualitative reserve for each segment is then determined based on the weighting of the qualitative category and the assignment of risk status rating (improvement, no risk, minor risk, moderate risk, and major risk) for each qualitative factor category. 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. For performing loans individually evaluated, the Company measures the expected credit loss 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. Although management uses the best information reasonably available to derive estimates necessary to measure an appropriate level of the ACL, future adjustments to the ACL may be necessary due to economic, operating, regulatory and other conditions that may extend beyond the Company’s control. Generally, loans are charged off immediately when it is determined that advances to the borrower are in excess of the calculated current fair value of the collateral and if a borrower is deemed incapable of repayment of unsecured debt, there is little or no prospect for near term improvement and no realized strengthening action of significance pending. Other consumer loans are charged off based on delinquency, typically 120 days for closed loans and 180 days for open-end loans, or earlier when it is determined that the loan is uncollectible due to a triggering event, such as bankruptcy, fraud, or death. This methodology for determining charge-offs is consistently applied to each segment. Charge-offs are recorded to the ACL. Subsequent recoveries, if any, are credited to the ACL. Prior to the Company’s adoption of ASC 326 on January 1, 2023 The Company maintained an allowance for loan losses in accordance with ASC 450, Contingencies and ASC 310, Receivables, which was a valuation allowance for probable incurred credit losses. Management estimated the allowance for loan losses using past loan loss experience, the nature and volume of the portfolio, information about specific borrower situations and estimated collateral values, economic conditions, and other factors. The allowance consisted of general reserves (collectively evaluated for impairment) and specific reserves (individually evaluated for impairment). General reserves covered non-impaired loans and are based on historical loss rates over the most recent 11 years for each portfolio segment, as of December 31, 2022, adjusted for the effects of qualitative or environmental factors that were likely to cause estimated credit losses as of the evaluation date to differ from the portfolio segment’s historical loss experience. The Company utilized a migration analysis to measure actual historical loss experience, with the resulting historical loss rate adjusted for any applicable loss emergence period factors serving as the base loss rate to estimate the amount of appropriate loss reserve. Qualitative factors included consideration of the following: changes in lending policies and procedures; changes in economic conditions; changes in the nature and volume of the portfolio; changes in the experience, ability, and depth of lending management and other relevant staff; changes in the volume and severity of past due, nonaccrual, and other adversely graded loans; changes in the loan review system; changes in the value of the underlying collateral for collateral-dependent loans; concentrations of credit and the effect of other external factors such as competition and legal and regulatory requirements. Specific reserves related to loans that were individually classified as impaired. A loan was impaired when, based on current information and events, it was probable that the Company would be unable to collect all amounts due according to the contractual terms of the loan agreement. Factors considered in determining impairment included payment status, collateral value, and the probability of collecting all amounts when due. Measurement of impairment was based on the expected future cash flows of an impaired loan, which were to be discounted at the loan’s effective interest rate, or measured by reference to an observable market value, if one exists, or the fair value of the collateral for a collateral-dependent loan. The Company selected the measurement method on a loan-by-loan basis, with the exception of collateral-dependent loans for which the most viable source of repayment was the continued operation of the collateral or liquidation of the collateral. The impairment for these loans was measured at the fair value of the collateral, less estimated selling cost. 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. Premises and Equipment Premises and equipment are carried at cost less accumulated depreciation and amortization. Depreciation is computed using the straight-line method over the estimated useful lives, which ranges from three Operating Leases The Company’s operating leases are for its headquarters’ office spaces, and retail branch and LPO locations. Most leases include one or more options to renew, with renewal terms that can extend the lease term from one Federal Home Loan Bank and Other Restricted Stock The Bank is a member of the FHLB and Pacific Coast Bankers’ Bancshares (“PCBB”) system. Members are required to own a certain amount of stock based on the level of borrowings and other factors, and may invest in additional amounts. FHLB and PCBB stock is carried at cost, classified as a restricted security, and periodically evaluated for impairment based on the ultimate recovery of par value. Both cash and stock dividends are reported as income. Other Real Estate Owned OREO represents properties acquired through foreclosure or other proceedings. The Company initially records OREO at fair value at the time of foreclosure. Thereafter, OREO is recorded at the lower of cost or fair value based on their subsequent changes in fair value. The fair value of OREO is generally based on recent real estate appraisals adjusted for estimated selling costs. Any write-down to fair value at the time of transfer to OREO is charged to ACL on loans. Property is evaluated regularly to ensure the recorded amount is supported by its current fair value and valuation allowances to reduce the carrying amounts to fair value less estimated costs to dispose are recorded as necessary. Additions to or reductions from valuation allowances are recorded in noninterest expense. Servicing Assets Servicing assets are recognized when servicing rights are retained from the sale of loans, such as sales of the guaranteed portion of SBA and certain residential mortgage loans, and are initially recorded at fair value. Fair value is calculated as the present value of estimated future cash flows from the servicing rights based on current market sources, such as the cost to service, discount rates, and prepayment speeds. Servicing assets are amortized into noninterest income over the expected life of the underlying loans. Servicing assets are evaluated for impairment based on the fair value of the servicing rights as compared to the carrying amount. Impairment is determined by stratifying servicing rights into groupings based on predominant risk characteristics, such as collateral type. For purposes of measuring impairment, the Company has identified each servicing asset with the underlying loan being serviced. A valuation allowance is recorded when the fair value is below the carrying amount of the asset. If the Company later determines that all or a portion of the impairment no longer exists for a particular grouping, a reduction of the valuation allowance may be recorded as an increase to income. The fair values of servicing assets are subject to significant fluctuations as a result of changes in estimated and actual prepayment speeds and changes in discount rates. Servicing income as reported on the income statement consists of fees earned for servicing loans, net of the amortization of servicing assets and changes in the valuation allowance. The servicing fees are based on a contractual percentage of the outstanding principal and recorded as income when earned. Investment in Qualified Affordable Housing Projects The Company has invested in a limited partnership that operates qualified affordable housing projects for lower income tenants in California. The Company accounts for this investment under the proportional amortization method and the amortization expense is presented as a component of current tax expense. Return of this investment is generated primarily through allocated federal tax credits and other tax benefits. The recorded investment amount was $3.8 million and $4.3 million, respectively, and unfunded commitments were $2.9 million and $2.9 million, respectively, at December 31, 2023 and 2022. The recorded investment amount is included in Other Assets and unfunded commitment is included in Accrued Interest Payable and Other Liabilities on the Consolidated Statements of Financial Condition. As components of income tax expense, the Company recognized $451 thousand, $343 thousand and $247 thousand in amortization expense, respectively, partially offset by federal tax credits and other benefits of $674 thousand, $336 thousand and $299 thousand, respectively, for the years ended December 31, 2023, 2022 and 2021. The Company determined that there were no events or changes in circumstances indicating that it is more likely than not that the carrying amount of the investment will not be realized. Therefore, no impairment was recorded for the years ended December 31, 2023 and 2022. Bank-owned Life Insurance The Company purchases life insurance policies on certain officers and directors. The Bank and named beneficiaries of various current covered officers are the beneficiaries under each policy. In the event of the death of a covered officer, the Bank and named beneficiaries of the covered officer will receive the specified insurance benefit from the insurance carrier. Bank-owned life insurance is recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due, if any, that are probable at settlement. Earnings Per Share Earnings per share (“EPS”) is computed under the two-class method. Net income allocated to common stock is computed by subtracting income allocated to unvested restricted stock from net income. Income allocated to unvested restricted stock includes cash dividend paid and undistributed income available to holders of unvested restricted stock, if any. Basic EPS is computed by dividing net income allocated to common stock by the weighted-average common shares outstanding excluding the weighted-average unvested restricted stock. Diluted EPS is computed by dividing net income allocated to common stock by the weighted-average common stock outstanding, excluding the weighted-average unvested restricted stock, adjusted for the dilutive effect of the stock options. Diluted EPS reflects the potential dilution that could occur if options or ot

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements ASC 820, Fair Value Measurements and Disclosures, defines fair value, establishes a framework for measuring fair value including a three-level valuation hierarchy, and expands disclosures about fair value measurements. Fair value is the exchange price that would be received for an asset or paid to transfer a liability (i.e. an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The three-level fair value hierarchy requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The three levels of inputs that may be used to measure fair value are defined as follows: • Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. • Level 2: Significant observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. • Level 3: Significant unobservable inputs that reflect a reporting entity’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. Fair value is measured on a recurring basis for certain assets and liabilities in which fair value is the primary basis of accounting. Additionally, fair value is used on a non-recurring basis to evaluate certain assets or liabilities for impairment or for disclosure purposes. Categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The Company records securities available-for-sale at fair value on a recurring basis. Certain other assets, such as loans held-for-sale, individually evaluated loans, servicing assets and OREO are recorded at fair value on a non-recurring basis. Non-recurring fair value measurements typically involve assets that are periodically evaluated for impairment and for which any impairment is recorded in the period in which the re-measurement is performed. The following is a description of valuation methodologies used for assets and liabilities recorded at fair value: Investment securities : The fair values of securities available-for-sale are determined by obtaining quoted prices on nationally recognized securities exchanges (Level 1) or matrix pricing, which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted prices for specific securities but rather by relying on the securities’ relationship to other benchmark quoted securities (Level 2). Management reviews the valuation techniques and assumptions used by the provider and determines that the provider uses widely accepted valuation techniques based on observable market inputs appropriate for the type of security being measured. Loans held-for-sale : The Company records SBA loans held-for-sale, residential mortgage 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. Individually evaluated loans : The Company records fair value adjustments on certain loans that reflect (i) partial write-downs, through charge-offs or individual reserve allowances, that are based on the current appraised or market-quoted value of the underlying collateral or (ii) the full charge-off of the loan carrying value. In some cases, the properties for which market quotes or appraised values have been obtained are located in areas where comparable sales data is limited, outdated, or unavailable. Fair value estimates for collateral-dependent individually evaluated loans are obtained from real estate brokers or other third-party consultants, and are classified as Level 3. Other real estate owned : The Company initially records OREO at fair value at the time of foreclosure. Thereafter, OREO is recorded at the lower of cost or fair value based on their subsequent changes in fair value. The fair value of OREO is generally based on recent real estate appraisals adjusted for estimated selling costs. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the appraisers to adjust for differences between the comparable sales and income data available. Such adjustments may be significant and result in a Level 3 classification due to the unobservable inputs used for determining fair value. Only OREO with a valuation allowance are considered to be carried at fair value. Servicing Assets: Servicing assets represent the value of servicing rights associated with servicing loans that have been sold. The fair value for servicing assets is determined through discounted cash flow analysis and utilizes discount rates and prepayment speed assumptions as inputs. All of these assumptions require a significant degree of management estimation and judgment. The fair market valuation is performed on a quarterly basis for servicing assets. Servicing assets are accounted for at the lower of cost or market value and considered to be recognized at fair value when they are recorded at below cost and are classified as Level 3. Assets and Liabilities Measured at Fair Value on a Recurring Basis The following table presents the Company’s assets and liabilities measured at fair value on a recurring basis as of the dates indicated: Fair Value Measurement Level ($ in thousands) Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Total December 31, 2023 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Mortgage-backed securities $ — $ 104,091 $ — $ 104,091 Collateralized mortgage obligations — 24,173 — 24,173 SBA loan pool securities — 7,450 — 7,450 Municipal bonds — 3,329 — 3,329 Corporate bonds — 4,280 — 4,280 Total securities available-for-sale — 143,323 — 143,323 Total assets measured at fair value on a recurring basis $ — $ 143,323 $ — $ 143,323 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: Mortgage-backed securities $ — $ 96,900 $ — $ 96,900 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 the dates indicated: Fair Value Measurement Level ($ in thousands) Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Total December 31, 2023 Loans individually evaluated: Business property — — 425 425 Total loans individually evaluated — — 425 425 Total assets measured at fair value on a non-recurring basis $ — $ — $ 425 $ 425 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) Under the legacy loan segments and 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 dates indicated: ($ in thousands) Fair Value Valuation Technique(s) Unobservable Input(s) Range (Weighted-Average) December 31, 2023 Loans individually evaluated: Business property $ 425 Pending sales agreement NM NM December 31, 2022 Impaired loans: Commercial lines of credit $ 4,000 Pending sales agreement NM NM For assets measured at fair value, the following table presents the total net losses, which include charge-offs, recoveries, individual reserves, impairment on servicing assets, gain (loss) on sale of OREO, and OREO valuation write-downs recorded for the periods indicated: Year Ended December 31, ($ in thousands) 2023 2022 2021 Loans individually evaluated: Commercial and industrial $ 1,074 $ (1,074) $ 131 Business property (264) N/A N/A SBA property (1) NA — (8) Other real estate owned — 152 73 Net gain (losses) recognized $ 810 $ (922) $ 196 (1) Under the legacy loan segments Fair Value of Financial Instruments The fair value of a financial instrument is the amount at which the asset or obligation could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale. Fair value estimates are made at a specific point in time based on relevant market information and information about the financial instrument. These estimates do not reflect any premium or discount that could result from offering for sale at one time the entire holdings of a particular financial instrument. Because no market value exists for a significant portion of the financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments, and other factors. These estimates are subjective in nature, involve uncertainties and matters of judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates. Fair value estimates are based on financial instruments both on and off the consolidated balance sheet without attempting to estimate the value of anticipated future business and the value of assets and liabilities that are not considered financial instruments. Additionally, tax consequences related to the realization of the unrealized gains and losses can have a potential effect on fair value estimates and have not been considered in many of the estimates. The following methods and assumptions were used to estimate the fair value of significant financial instruments. Financial assets : The carrying amounts of interest-bearing deposits with other financial institutions and accrued interest receivable are considered to approximate fair value. The fair values of investment securities are generally based on matrix pricing (Level 2). The fair value of loans is estimated based on a discounted cash flow approach under an exit price notion. The fair value reflects the estimated yield that would be negotiated with a willing market participant. Because sale transactions of such loans are not readily observable, as many of the loans have unique risk characteristics, the valuation is based on significant unobservable inputs (Level 3). It is not practical to determine the fair value of FHLB and other restricted stock due to restrictions placed on its transferability. Financial liabilities : The carrying amounts of accrued interest payable are considered to approximate fair value. The fair value of deposits is estimated based on discounted cash flows. The discount rate is derived from the interest rates currently being offered for similar remaining maturities. Non-maturity deposits are estimated based on their historical decaying experiences (Level 3). The fair value of FHLB advances is estimated based on discounted cash flows. The discount rate is derived from the current market rates for borrowings with similar remaining maturities (Level 2). Off-balance-sheet financial instruments : The fair value of commitments to extend credit and standby letters of credit is estimated using the fees currently charged to enter into similar agreements. The fair value of these financial instruments is not material and is excluded from the table below. The following table presents the carrying value and estimated fair values of financial assets and liabilities as of the dates indicated: Carrying Value Fair Value Fair Value Measurements ($ in thousands) Level 1 Level 2 Level 3 December 31, 2023 Financial assets: Interest-bearing deposits in other financial institutions $ 215,824 $ 215,824 $ 215,824 $ — $ — Securities available-for-sale 143,323 143,323 — 143,323 — Loans held-for-sale 5,155 5,472 — 5,472 — Net loans held-for-investment 2,295,919 2,225,573 — — 2,225,573 FHLB and other restricted stock 12,716 N/A N/A N/A N/A Accrued interest receivable 9,468 9,468 128 513 8,827 Financial liabilities: Deposits $ 2,351,612 $ 2,353,465 $ — $ — $ 2,353,465 FHLB advances 39,000 39,013 — 39,013 — Accrued interest payable 18,052 18,052 — 192 17,860 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	12 Months Ended
	Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Investment Securities	Investment Securities The following table presents the amortized cost and fair value of the investment securities as of the dates indicated: ($ in thousands) Amortized Cost Gross Unrealized Gain Gross Unrealized Loss Fair Value December 31, 2023 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Mortgage-backed securities $ 114,485 $ 199 $ (10,593) $ 104,091 Collateralized mortgage obligations 25,611 63 (1,501) 24,173 SBA loan pool securities 7,773 3 (326) 7,450 Municipal bonds 3,306 25 (2) 3,329 Corporate bonds 5,000 — (720) 4,280 Total securities available-for-sale $ 156,175 $ 290 $ (13,142) $ 143,323 December 31, 2022 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Mortgage-backed securities $ 109,497 $ 1 $ (12,598) $ 96,900 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 December 31, 2023 and 2022, pledged securities were $70.9 million and $69.0 million, respectively. These securities were pledged for the State Deposit from the California State Treasurer. The Company elected to exclude accrued interest receivable from the amortized cost of its securities available-for-sale. Accrued interest receivable As of December 31, 2023 and 2022, there were no holdings of securities available-for-sale of any one issuer, other than the U.S. government agency and U.S. government sponsored enterprise, in an amount greater than 10% of shareholder’s equity. The following table presents the amortized cost and fair value of the investment securities by contractual maturity as of December 31, 2023. Expected maturities may differ from contractual maturities, if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately. Securities Available-For-Sale ($ in thousands) Amortized Cost Fair Value Within one year $ 864 $ 862 One to five years 82 81 Five to ten years 5,724 5,010 Greater than ten years 1,636 1,656 Mortgage-backed securities, collateralized mortgage obligations and SBA loan pool securities 147,869 135,714 Total $ 156,175 $ 143,323 The following table presents proceeds from sales and calls of securities available-for-sale and the associated gross gains and losses realized through earnings upon the sales and calls of securities available-for-sale for the periods indicated: Year Ended December 31, ($ in thousands) 2023 2022 2021 Gross realized gains on sales and calls of securities available-for-sale $ — $ — $ — Gross realized losses on sales and calls of securities available-for-sale — — — Net realized gains on sales and calls of securities available-for-sale $ — $ — $ — Proceeds from sales and calls of securities available-for-sale $ — $ 1,040 $ — Tax expense on sales and calls of securities available-for-sale $ — $ — $ — The following table summarizes the investment securities with unrealized losses by security type and length of time in a continuous unrealized loss position as of the dates indicated: Length of Time That Individual Securities Have Been In a Continuous Unrealized Loss Position Less Than 12 Months 12 Months or Longer Total ($ in thousands) Fair Value Gross Unrealized Losses Number of Securities Fair Value Gross Unrealized Losses Number of Securities Fair Value Gross Unrealized Losses Number of Securities December 31, 2023 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Mortgage-backed securities $ 9,252 $ (41) 8 $ 78,958 $ (10,552) 110 $ 88,210 $ (10,593) 118 Collateralized mortgage obligations 5,660 (62) 4 13,919 (1,439) 35 19,579 (1,501) 39 SBA loan pool securities — — — 6,627 (326) 14 6,627 (326) 14 Municipal bonds 81 — 1 362 (2) 1 443 (2) 2 Corporate bonds — — — 4,280 (720) 1 4,280 (720) 1 Total securities available-for-sale $ 14,993 $ (103) 13 $ 104,146 $ (13,040) 161 $ 119,139 $ (13,142) 174 December 31, 2022 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Mortgage-backed securities $ 55,171 $ (3,721) 83 $ 41,697 $ (8,877) 36 $ 96,868 $ (12,598) 119 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 December 31, 2023, 94.7%, 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 December 31, 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 December 31, 2023. As of December 31, 2023, the Company recorded no ACL on securities available-for-sale.

Loans and Allowance for Credit

Loans and Allowance for Credit Losses	12 Months Ended
	Dec. 31, 2023
Receivables [Abstract]
Loans and Allowance for Credit Losses	Loans and Allowance for Credit Losses 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) December 31, 2023 January 1, 2023 Commercial real estate: Commercial property $ 855,270 $ 772,020 Business property 558,772 526,513 Multifamily 132,500 124,751 Construction 24,843 17,054 Total commercial real estate 1,571,385 1,440,338 Commercial and industrial 342,002 249,250 Consumer: Residential mortgage 389,420 333,726 Other consumer 20,645 22,749 Total consumer 410,065 356,475 Loans held-for-investment 2,323,452 2,046,063 Allowance for credit losses on loans (27,533) (26,009) Net loans held-for-investment $ 2,295,919 $ 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 December 31, 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) Year Ended Provision for credit losses on loans $ 497 Reversal for credit losses on off-balance sheet credit exposures (629) Total reversal for credit losses $ (132) 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 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) — (83) (132) Recoveries — 9 — — 1,107 — 43 1,159 Provision (reversal) for credit losses on loans 5,925 (1,911) 51 (16) (4,663) 1,069 42 497 Balance at December 31, 2023 $ 12,665 $ 4,739 $ 1,441 $ 135 $ 6,245 $ 2,226 $ 82 $ 27,533 The increase in overall ACL for the year ended December 31, 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 a semiannual basis and the historical losses of peer groups, including the maximum loss scenario used for qualitative factor adjustments, on an 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 real estate 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 December 31, 2023 and gross write offs for the year ended December 31, 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 December 31, 2023 Commercial Real Estate: Commercial property Pass $ 154,563 $ 268,369 $ 155,817 $ 83,461 $ 70,425 $ 107,879 $ 8,807 $ — $ 849,321 Special mention — — 484 — — 2,952 — — 3,436 Substandard — — — — 311 2,202 — — 2,513 Doubtful — — — — — — — — — Total $ 154,563 $ 268,369 $ 156,301 $ 83,461 $ 70,736 $ 113,033 $ 8,807 $ — $ 855,270 Current period gross write offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Business property Pass $ 103,364 $ 103,549 $ 163,136 $ 50,362 $ 69,852 $ 59,765 $ 882 $ 4,327 $ 555,237 Special mention — — — — — — — — — Substandard — 452 193 — 2,254 636 — — 3,535 Doubtful — — — — — — — — — Total $ 103,364 $ 104,001 $ 163,329 $ 50,362 $ 72,106 $ 60,401 $ 882 $ 4,327 $ 558,772 Current period gross write offs $ — $ — $ — $ — $ — $ 4 $ — $ — $ 4 Multifamily Pass $ 14,219 $ 40,618 $ 42,848 $ 26,472 $ 2,419 $ 5,924 $ — $ — $ 132,500 Special mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total $ 14,219 $ 40,618 $ 42,848 $ 26,472 $ 2,419 $ 5,924 $ — $ — $ 132,500 Current period gross write offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Construction Pass $ 4,617 $ 9,120 $ — $ 7,500 $ 3,606 $ — $ — $ — $ 24,843 Special mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total $ 4,617 $ 9,120 $ — $ 7,500 $ 3,606 $ — $ — $ — $ 24,843 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 December 31, 2023 (Continued) Commercial and Industrial Pass $ 77,957 $ 28,638 $ 11,950 $ 4,354 $ 6,323 $ 8,327 $ 198,010 $ 3,796 $ 339,355 Special mention — — — 379 314 27 1,000 — 1,720 Substandard — — — — 142 785 — — 927 Doubtful — — — — — — — — — Total $ 77,957 $ 28,638 $ 11,950 $ 4,733 $ 6,779 $ 9,139 $ 199,010 $ 3,796 $ 342,002 Current period gross write offs $ — $ — $ — $ — $ — $ 45 $ — $ — $ 45 Consumer Residential mortgage Pass $ 79,581 $ 163,734 $ 78,499 $ 11,363 $ 10,865 $ 45,378 $ — $ — $ 389,420 Special mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total $ 79,581 $ 163,734 $ 78,499 $ 11,363 $ 10,865 $ 45,378 $ — $ — $ 389,420 Current period gross write offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Other consumer Pass $ 4,837 $ 7,527 $ 3,275 $ 1,326 $ 458 $ 7 $ 3,190 $ — $ 20,620 Special mention — — — — — — — — — Substandard — 15 — 10 — — — — 25 Doubtful — — — — — — — — — Total $ 4,837 $ 7,542 $ 3,275 $ 1,336 $ 458 $ 7 $ 3,190 $ — $ 20,645 Current period gross write offs $ 12 $ 57 $ — $ 14 $ — $ — $ — $ — $ 83 Total loans held-for-investment Pass $ 439,138 $ 621,555 $ 455,525 $ 184,838 $ 163,948 $ 227,280 $ 210,889 $ 8,123 $ 2,311,296 Special mention — — 484 379 314 2,979 1,000 — 5,156 Substandard — 467 193 10 2,707 3,623 — — 7,000 Doubtful — — — — — — — — — Total $ 439,138 $ 622,022 $ 456,202 $ 185,227 $ 166,969 $ 233,882 $ 211,889 $ 8,123 $ 2,323,452 Current period gross write offs $ 12 $ 57 $ — $ 14 $ — $ 49 $ — $ — $ 132 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 December 31, 2023 Commercial real estate: Commercial property $ 958 $ — $ — $ 958 $ — Business property 2,865 689 264 2,865 264 Total commercial real estate 3,823 689 264 3,823 264 Commercial and industrial 68 — — 68 — Consumer: Other consumer 25 25 — — — Total consumer 25 25 — — — Total $ 3,916 $ 714 $ 264 $ 3,891 $ 264 There were no nonaccrual loans guaranteed by a U.S. government agency at December 31, 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 Other Total December 31, 2023 Commercial real estate: Commercial property $ 958 $ — $ — $ — $ — $ 958 Business property — 2,137 689 — 39 2,865 Total commercial real estate 958 2,137 689 — 39 3,823 Commercial and industrial 13 — — 55 — 68 Total $ 971 $ 2,137 $ 689 $ 55 $ 39 $ 3,891 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 December 31, 2023 Commercial real estate: Commercial property $ — $ — $ — $ — $ — $ 296 $ — $ 296 $ 296 Business property 560 — — 560 — 39 168 207 767 Total commercial real estate 560 — — 560 — 335 168 503 1,063 Commercial and industrial 217 — — 217 — — — — 217 Consumer: Residential mortgage 604 — — 604 — — — — 604 Other consumer 13 34 — 47 — 15 3 18 65 Total consumer 617 34 — 651 — 15 3 18 669 Total $ 1,394 $ 34 $ — $ 1,428 $ — $ 350 $ 171 $ 521 $ 1,949 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 the above mentioned modifications. When principal forgiveness is provided, the amount of forgiveness is charged-off against the ACL. Purchases, Sales, and Transfers The Company had no loans that were transferred from loans held-for-investment to loans held-for-sale the year ended December 31, 2023. The Company had no loans that were transferred from loans held-for-sale to loans held-for investment during the year ended December 31, 2023. The following table presents a summary of purchases of loans held-for-investment for the periods indicated: ($ in thousands) Year Ended December 31, 2023 Consumer: Residential mortgage $ 15,741 Total consumer 15,741 Total $ 15,741 The Company had no sales of loans held-for-investment during the year ended December 31, 2023. When the Company changes its intent to hold loans for investment, the loans are transferred to held-for-sale. Loans Held-For-Sale The following table presents a composition of loans held-for-sale as of the date indicated: ($ in thousands) December 31, 2023 Commercial real estate: Business property $ 2,802 Total commercial real estate 2,802 Commercial and industrial 2,353 Total $ 5,155 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 Consumer Total Balance at January 1, 2021 18,894 7,222 394 26,510 Charge-offs (24) (115) (88) (227) Recoveries on loans previously charged off 63 565 66 694 Reversal for loan losses (2,136) (2,362) (98) (4,596) Balance at December 31, 2021 16,797 5,310 274 22,381 Charge-offs — (1,095) (104) (1,199) Recoveries on loans previously charged off — 61 97 158 Provision (reversal) for loan losses 2,430 1,226 (54) 3,602 Balance at December 31, 2022 $ 19,227 $ 5,502 $ 213 $ 24,942 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 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 Substandard SBA property loans included $0 of guaranteed portion by the U.S. government agency at December 31, 2022. Past Due and Nonaccrual Loans The following table presents the aging of past due recorded investment in accruing loans and nonaccrual loans by legacy loan segments as of the date indicated: Still Accruing ($ 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 There were no nonaccrual loans guaranteed by the U.S. government agency at December 31, 2022. 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: Year Ended December 31, 2022 2021 ($ in thousands) Average Recorded Investment Interest Income Average Recorded Investment Interest Income Real estate loans: Commercial property $ 1,540 $ 21 $ 329 $ 22 Residential property 379 — — — SBA property 862 15 1,105 16 Commercial and industrial loans: Commercial term — — 10 — Commercial lines of credit 1,635 — — — SBA commercial term 126 — 364 1 Total $ 4,542 $ 36 $ 1,808 $ 39 The following table presents a summary of interest foregone on impaired loans for the periods indicated: Year Ended December 31, ($ in thousands) 2022 2021 Interest income that would have been recognized had impaired loans performed in accordance with their original terms $ 297 $ 99 Less: interest income recognized on impaired loans on a cash basis (36) (39) Interest income foregone on impaired loans $ 261 $ 60 Purchases, Sales, and Transfers The following table presents a summary of loans held-for-investment transferred to loans held-for-sale for the periods indicated: Year Ended December 31, ($ in thousands) 2022 2021 Real estate loans: Commercial property $ — $ 8,563 Residential property 458 189 Commercial and industrial loans: Commercial lines of credit 4,000 — Total $ 4,458 $ 8,752 The Company had no loans that were transferred from loans held-for-sale to loans held-for investment during the years ended December 31, 2021 and 2021. The following table presents a summary of purchases of loans held-for-investment for the periods indicated: Year Ended December 31, ($ in thousands) 2022 2021 Real estate loans: Residential property $ — $ 2,139 Total $ — $ 2,139 The Company had no sales of loans held-for-investment during the years ended December 31, 2022 and 2021. When the Company changes its intent to hold loans for investment, the loans are transferred to held-for-sale. Loans Held-For-Sale The following table presents a composition of loans held-for-sale as of the dates indicated: ($ 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

Premises and Equipment

Premises and Equipment	12 Months Ended
	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Premises and Equipment	Premises and Equipment The following table presents a composition of premises and equipment as of the dates indicated: December 31, ($ in thousands) 2023 2022 Leasehold improvements $ 10,424 $ 10,269 Furniture, fixtures and equipment 4,375 4,501 Computer equipment 3,359 3,304 Computer software 1,933 1,995 Total premises and equipment 20,091 20,069 Less: accumulated depreciation (14,092) (13,153) Premises and equipment, net $ 5,999 $ 6,916 The Company recognized depreciation expense of $2.2 million, $1.6 million and $1.4 million for the years ended December 31, 2023, 2022 and 2021, respectively.

Operating Leases

Operating Leases	12 Months Ended
	Dec. 31, 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: Year Ended December 31, ($ in thousands) 2023 2022 2021 Operating lease cost (1) $ 3,143 $ 2,752 $ 2,580 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases 3,297 2,960 2,760 Right-of-use assets obtained in exchange for lease obligations 15,317 2,150 1,459 (1) Included in Occupancy and Equipment on the Consolidated Statements of Income. The Company used the incremental borrowing rate based on the information available in determining the present value of lease payment. The following table presents supplemental balance sheet information related to leases as of the dates indicated: December 31, ($ in thousands) 2023 2022 Operating leases: Operating lease assets $ 18,913 $ 6,358 Operating lease liabilities 20,137 6,809 Weighted-average remaining lease term 8.3 years 4.3 years Weighted-average discount rate 4.63 % 2.66 % The following table presents maturities of operating lease liabilities as of the date indicated: ($ in thousands) December 31, 2023 Maturities: 2024 $ 3,385 2025 3,301 2026 2,932 2027 2,543 2028 2,416 After 2028 10,695 Total lease payment 25,272 Imputed interest (5,135) Present value of operating lease liabilities $ 20,137

Servicing Assets

Servicing Assets	12 Months Ended
	Dec. 31, 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 and commercial and industrial loans. The Company sold loans of $82.3 million, $122.9 million and $126.8 million, respectively, with the servicing rights retained and recognized a net gain on sale of $3.6 million, $8.0 million and $12.8 million, respectively, during the years ended December 31, 2023, 2022 and 2021. Loan servicing income was $3.3 million, $3.0 million and $2.8 million for the years ended December 31, 2023, 2022 and 2021, respectively. The following table presents the composition of servicing assets with key assumptions used to estimate the fair value as of the dates indicated: December 31, 2023 2022 ($ in thousands) Residential Mortgage CRE SBA C&I SBA Total Residential Mortgage CRE SBA C&I SBA Total Carrying amount $ 49 $ 6,135 $ 482 $ 6,666 $ 64 $ 6,831 $ 452 $ 7,347 Fair value $ 104 $ 8,284 $ 728 $ 9,116 $ 118 $ 9,090 $ 620 $ 9,828 Discount rates 9.93 % 12.30 % 15.46 % 7.73 % 11.47 % 12.55 % Prepayment speeds 12.75 % 16.71 % 13.97 % 17.10 % 14.82 % 18.93 % Weighted average remaining life 19.8 years 21.0 years 7.1 years 20.8 years 21.4 years 6.7 years Underlying loans being serviced $ 10,666 $ 461,300 $ 60,265 $ 532,231 $ 13,058 $ 461,738 $ 56,299 $ 531,095 The following table presents activity in servicing assets for the periods indicated: ($ in thousands) Residential Mortgage CRE SBA C&I SBA Total Balance at January 1, 2021 $ 109 $ 5,642 $ 649 $ 6,400 Additions — 2,769 109 2,878 Amortization (23) (1,710) (276) (2,009) Balance at December 31, 2021 86 6,701 482 7,269 Additions — 2,011 202 2,213 Amortization (22) (1,881) (232) (2,135) Balance at December 31, 2022 64 6,831 452 7,347 Additions — 983 219 1,202 Amortization (15) (1,679) (189) (1,883) Balance at December 31, 2023 $ 49 $ 6,135 $ 482 $ 6,666

Other Real Estate Owned

Other Real Estate Owned	12 Months Ended
	Dec. 31, 2023
Real Estate Owned, Disclosure of Detailed Components [Abstract]
Other Real Estate Owned	Other Real Estate Owned The following table presents activity in OREO for the periods indicated: Year Ended December 31, ($ in thousands) 2023 2022 2021 Balance at beginning of year $ — $ — $ 1,401 Additions 2,558 808 1,960 Sales — (808) (3,361) Net change in valuation allowance — — — Balance at end of year $ 2,558 $ — $ — During the year ended December 31, 2023, the Company recognized an OREO of $2.6 million by transferring a SBA 7(a) loan of $593 thousand, of which its guaranteed portion was previously sold. The Company’s exposure is 25% of the OREO and 75% will be submitted to the SBA upon the sale of property. The following table presents activity in OREO valuation allowance for the periods indicated: Year Ended December 31, ($ in thousands) 2023 2022 2021 Balance at beginning of year $ — $ — $ — Additions — — — Net direct write-downs and removal from sale — — — Balance at end of year $ — $ — $ — The following table presents expenses related to OREO for the periods indicated: Year Ended December 31, ($ in thousands) 2023 2022 2021 Net (gain) loss on sales $ — $ 152 $ (73) Operating expenses, net of rental income — (13) 81 Total $ — $ 139 $ 8

Deposits

Deposits	12 Months Ended
	Dec. 31, 2023
Deposits [Abstract]
Deposits	Deposits At December 31, 2023 and 2022, total deposits were $2.35 billion and $2.05 billion, respectively, and total interest-bearing deposits were $1.76 billion and $1.31 billion, respectively. The aggregate amount of deposits reclassified as loans, such as overdrafts, was $126 thousand and $81 thousand at December 31, 2023 and 2022, respectively. Total deposits not covered by deposit insurance were $954.6 million and $1.06 billion, respectively, and total time deposits not covered by deposit insurance were $408.6 million and $294.0 million, respectively, at December 31, 2023 and 2022. The Company had California State Treasurer’s deposits of $60.0 million and $60.0 million in time deposits of more than $250,000 at December 31, 2023 and 2022, respectively. The California State Treasurer’s deposits are subject to withdrawal based on the State’s periodic evaluations. At December 31, 2023 and 2022, the Company pledged securities with amortized cost of $70.9 million and $69.0 million, respectively, for the California State Treasurer’s deposits. At December 31, 2023 and 2022, the Company had brokered deposits of $303.7 million and $87.0 million, respectively. Deposits from certain officers, directors and their related interests with which they are associated held by the Company were $3.7 million and $2.8 million at December 31, 2023 and 2022, respectively. The following table presents scheduled maturities of time deposits as of the date indicated: December 31, ($ in thousands) 2024 2025 2026 2027 2028 Thereafter Total Time deposits of $250,000 or less $ 757,592 $ 1,923 $ 333 $ 115 $ 71 $ — $ 760,034 Time deposits of more than $250,000 572,679 3,023 — — — — 575,702 Total time deposits $ 1,330,271 $ 4,946 $ 333 $ 115 $ 71 $ — $ 1,335,736

Federal Home Loan Bank Advances

Federal Home Loan Bank Advances and Other Borrowings	12 Months Ended
	Dec. 31, 2023
Advance from Federal Home Loan Bank [Abstract]
Federal Home Loan Bank Advances and Other Borrowings	Federal Home Loan Bank Advances and Other Borrowings FHLB Advances The Company had $39.0 million and $20.0 million in FHLB advances at December 31, 2023 and 2022, respectively. FHLB advances as of December 31, 2023 consisted of a term borrowing with a maturity date of February 21, 2024 (term of 92 days). The following table presents scheduled maturities of FHLB advances as of the date indicated: December 31, ($ in thousands) 2024 2025 2026 2027 Thereafter Total Fixed Rate $ 39,000 $ — $ — $ — $ — $ 39,000 Variable Rate — — — — — — Total $ 39,000 $ — $ — $ — $ — $ 39,000 The following table presents financial data of FHLB advances as of the dates or for the periods indicated: As of or For the Year Ended December 31, ($ in thousands) 2023 2022 2021 Weighted-average interest rate at end of year 5.63 % 4.65 % 2.07 % Average interest rate during the year 5.51 % 2.18 % 0.97 % Average balance $ 8,189 $ 5,556 $ 30,096 Maximum amount outstanding at any month-end $ 39,000 $ 20,000 $ 80,000 Balance at end of year $ 39,000 $ 20,000 $ 10,000 Advances paid early are subject to a prepayment penalty. At December 31, 2023 and 2022, loans pledged to secure FHLB advances were $1.04 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, respectively, at December 31, 2023 and 2022. The Company had additional borrowing capacity of $603.0 million and $561.7 million, respectively, from the FHLB as of December 31, 2023 and 2022. Other Borrowing Arrangements At December 31, 2023, the Company had $528.9 million of unused borrowing capacity from the Federal Reserve Discount Window, to which the Company pledged loans with a carrying value of $681.8 million with no outstanding borrowings. In addition, the Company may borrow up to approximately $65.0 million overnight federal funds lines on an unsecured basis with correspondent banks at December 31, 2023.

Shareholders' Equity

Shareholders' Equity	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
Shareholders' Equity	Shareholders’ Equity Preferred Stock 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 for the capital investment of $69.1 million from the U.S. Treasury under the ECIP. ECIP investment is treated as tier 1 capital for the regulatory capital treatment. The Series C Preferred Stock bears no dividend for the first 24 months following the investment date. Thereafter, the dividend rate will be adjusted based on the lending growth criteria listed in the terms of the ECIP investment with the annual dividend rate up to 2%. After the tenth anniversary of the investment date, the dividend rate will be fixed based on the 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. Common Stock Stock Repurchases During the year ended December 31, 2023, the Company repurchased and retired 512,657 shares of common stock at a weighted-average price of $17.22 per share under a stock repurchase program approved by the Board of Directors on August 2, 2023 and a legacy stock repurchase program approved on July 28, 2022. As of December 31, 2023, the Company is authorized to purchase 592,724 additional shares under the 2023 stock repurchase program, which expires on August 2, 2024. During the year ended December 31, 2022, the Company repurchased and retired 362,557 shares of common stock at a weighted-average price of $18.57 per share. During the year ended December 31, 2021, the Company repurchased and retired 680,269 shares of common stock at a weighted-average price of $15.99 per share.

Share-Based Compensation

Share-Based Compensation	12 Months Ended
	Dec. 31, 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 December 31, 2023, there were 489,000 shares available for future grants. Share-Based Compensation Expense The following table presents share-based compensation expense and the related tax benefits for the periods indicated: Year Ended December 31, ($ in thousands) 2023 2022 2021 Share-based compensation expense related to: Stock options $ 143 $ 168 $ 187 Restricted stock awards 345 371 266 Total share-based compensation expense $ 488 $ 539 $ 453 Related tax benefits $ 112 $ 113 $ 84 The following table presents unrecognized share-based compensation expense as of the date indicated: December 31, 2023 ($ in thousands) Unrecognized Expense Weighted-Average Remaining Expected Recognition Period Unrecognized share-based compensation expense related to: Stock options $ 784 2.9 years Restricted stock awards 461 2.6 years Total unrecognized share-based compensation expense $ 1,245 2.8 years Stock Options The Company has issued stock options to certain employees, officers and directors. Stock options are issued at the exercise price of the closing market price on the grant date, and generally have a three Year Ended December 31, 2023 2022 2021 Risk-free interest rate 4.92 % 1.55 % 1.13 % Expected term 6.04 years 6.50 years 6.71 years Expected stock price volatility 28.76 % 27.66 % 27.54 % Dividend yield 4.79 % 2.30 % 2.64 % The following table presents information related to the stock option plan for the periods indicated: Year Ended December 31, ($ in thousands, except per share data) 2023 2022 2021 Intrinsic value of options exercised $ 883 $ 1,225 $ 794 Cash received from options exercised $ 1,350 $ 840 $ 1,279 Tax benefit from options exercised $ 103 $ 46 $ 60 Weighted-average estimated fair value per share of options granted $ 3.14 $ 5.03 $ 3.76 The following table represents stock option activity as of and for the period indicated: Year Ended December 31, 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 year 566,637 $ 12.49 4.08 years $ 2,946 Granted 208,000 $ 15.04 10.00 years Exercised (144,922) $ 9.31 1.92 years Forfeited (15,000) $ 20.96 2.18 years Balance at end of year 614,715 $ 13.90 5.68 years $ 2,788 Exercisable at end of year 345,715 $ 12.36 2.83 years $ 2,087 The following table represents information regarding unvested stock options for the period indicated: Year Ended December 31, 2023 Number of Shares Weighted-Average Exercise Price Per Share Outstanding at beginning of year 94,000 $ 18.95 Granted 208,000 $ 15.04 Vested (23,000) $ 18.64 Forfeited (8,000) $ 23.24 Balance at end of year 271,000 $ 15.85 Restricted Stock Awards The Company also has granted RSAs to certain employees and officers. The RSAs are valued at the closing market price of the Company's stock on the grant date and generally have a three Year Ended December 31, 2023 Number of Shares Weighted-Average Grant Date Fair Value Per Share Outstanding at beginning of period 62,022 $ 16.59 Granted 3,300 $ 15.80 Vested (23,161) $ 14.77 Forfeited (500) $ 17.06 Outstanding at end of period 41,661 $ 17.53

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2023
Retirement Benefits [Abstract]
Employee Benefit Plans	Employee Benefit Plans The Company has adopted a defined contribution 401(k) plan for the benefit of its employees. The Company matches 75% of an employee’s contribution up to 8% of the employee’s salary each year. The Board of Directors may make a discretionary contribution to the plan annually. The Company’s contribution to the plan was $1.2 million, $1.1 million and $901 thousand for the years ended December 31, 2023, 2022 and 2021, respectively.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The following table presents the components of income tax expense for the periods indicated: Year Ended December 31, ($ in thousands) 2023 2022 2021 Current: Federal $ 5,506 $ 769 $ 12,117 State 2,948 1,475 6,692 Total current income tax expense 8,454 2,244 18,809 Deferred: Federal 2,489 8,434 (1,428) State 1,614 3,738 (525) Total deferred income tax expense (benefit) 4,103 12,172 (1,953) Total $ 12,557 $ 14,416 $ 16,856 The following table presents a reconciliation of the recorded income tax expense to the amount of taxes computed by applying the applicable statutory Federal income tax rate for the periods indicated: Year Ended December 31, 2023 2022 2021 Statutory federal tax rate 21.00 % 21.00 % 21.00 % State and local income taxes, net of federal tax benefit 8.33 % 8.34 % 8.55 % Share-based compensation 0.05 % 0.07 % 0.05 % Bank-owned life insurance (0.36) % (0.30) % (0.04) % Other items, net 0.01 % 0.07 % 0.03 % Effective income tax rate 29.03 % 29.18 % 29.59 % The following table presents the components of the net deferred tax assets recognized in the accompanying consolidated balance sheets as of the dates indicated: December 31, ($ in thousands) 2023 2022 Deferred tax assets: ACL on loans $ 8,105 $ 7,359 Share-based compensation 199 298 Unrealized loss on investment securities 3,783 4,459 Operating lease liabilities 5,928 2,009 State tax benefit 617 322 Other 931 511 Total deferred tax assets 19,563 14,958 Deferred tax liabilities: Loans held-for-sale market adjustment Depreciation on premises and equipment 843 1,051 Loans held-for-sale market adjustment 13,872 8,745 Deferred loan origination costs 75 98 Operating lease assets 5,567 1,876 Other 82 73 Total deferred tax liabilities 20,439 11,843 Deferred tax assets, net $ (876) $ 3,115 The Company had no valuation allowance for deferred tax assets as of December 31, 2023 and 2022. Based upon the level of historical taxable income and projections for future taxable income over the periods in which the temporary differences become deductible, management believes it is more likely than not that the Company will realize the benefits of these deferred tax assets, and a valuation allowance was not necessary as of December 31, 2023 and 2022. At December 31, 2023 and 2022, the Company had no unrecognized tax benefits or related accrued interest. In the event the Company is assessed interest and/or penalties by federal or state tax authorities, such amounts will be classified in the consolidated financial statements as income taxes. The Company does not expect the total amount of unrecognized tax benefit to significantly increase or decrease in the next twelve months. The Company and the Bank are subject to U.S. federal and various state jurisdictions income tax examinations. As of December 31, 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 immaterial to the Company’s financial results.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2023
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The following is a reconciliation of net income and shares outstanding to the income and number of shares used to compute earnings per share for the periods indicated: Year Ended December 31, ($ in thousands, except per share) 2023 2022 2021 Basic earnings per share: Net income $ 30,705 $ 34,987 $ 40,103 Less: income allocated to unvested restricted stock (95) (157) (156) Net income allocated to common stock $ 30,610 $ 34,830 $ 39,947 Weighted-average total common shares outstanding 14,345,860 14,888,633 15,076,183 Less: weighted-average unvested restricted stock (44,169) (66,615) (58,546) Weighted-average common shares outstanding, basic 14,301,691 14,822,018 15,017,637 Basic earnings per share $ 2.14 $ 2.35 $ 2.66 Diluted earnings per share: Net income allocated to common stock $ 30,610 $ 34,830 $ 39,947 Weighted-average commons shares outstanding 14,301,691 14,822,018 15,017,637 Diluted effect of stock options 116,247 243,157 236,183 Diluted weighted-average common shares outstanding 14,417,938 15,065,175 15,253,820 Diluted earnings per share $ 2.12 $ 2.31 $ 2.62 There were 286,700, 65,000, and 65,000 stock options excluded in computing diluted earnings per share because they were anti-dilutive for years ended December 31, 2023, 2022, and 2021, respectively.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies In the ordinary course of business, the Company enters into financial commitments to meet the financing needs of its customers. These financial commitments include commitments to extend credit and letters of credit. Those instruments involve to varying degrees, elements of credit, and interest rate risk not recognized in the Company’s consolidated financial statements. The following table presents outstanding financial commitments whose contractual amount represents credit risk as of the dates indicated: December 31, 2023 2022 ($ in thousands) Fixed Rate Variable Rate Fixed Rate Variable Rate Unused lines of credit $ 2,808 $ 347,652 $ 3,117 $ 251,178 Unfunded loan commitments 4,020 47,038 692 38,486 Standby letters of credit 4,638 1,786 2,989 1,901 Commercial letters of credit — 160 — 502 Total $ 11,466 $ 396,636 $ 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 December 31, 2023 and 2022, the Company maintained an ACL on off-balance sheet credit exposures of $1.3 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. However, due to the low claims rate by the members of the proposed class, Plaintiff had requested and the Court had agreed to extend the claims deadline for another 45 days. March 21, 2024 is now the new claims deadline. No new final approval hearing date has been set by the Court. 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	12 Months Ended
	Dec. 31, 2023
Regulated Operations [Abstract]
Regulatory Matters	Regulatory Matters The Bank is subject to various regulatory capital requirements administered by federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory, and possibly additional, discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s financial statements. Under the Basel III rules, the Bank must hold a capital conservation buffer above the adequately capitalized risk-based capital ratios minimums in order to avoid restrictions on dividend payments and certain incentive compensation payments. Management believes as of December 31, 2023 and 2022, the Bank met all capital adequacy requirements to which it is subject to. Under the Federal Reserve’s “Small Bank Holding Company” policy statement, as a bank holding company with less than $3 billion in assets, the Company is not currently subject to separate consolidated capital requirements. At such time as the Company reaches the $3 billion asset level, it will be subject to capital requirements independent of the Bank. For comparison purposes, the Company’s ratios are included in the following discussion as well, all of which would have exceeded the “well-capitalized” level had the Company been subject to separate capital minimums. The Company and the Bank’s capital conservation buffer was 7.73% and 8.07%, respectively, as of December 31, 2023, and 8.79% and 9.52%, respectively, as of December 31, 2022. Unrealized gain or loss on securities available-for-sale is not included in computing regulatory capital. The following table presents the regulatory capital amounts and ratios for the Company and the Bank as of the dates indicated: Actual Minimum Capital Requirement To Be Well Capitalized Under Prompt Corrective Provisions ($ in thousands) Amount Ratio Amount Ratio Amount Ratio December 31, 2023 PCB Bancorp Common tier 1 capital (to risk-weighted assets) $ 288,174 12.23 % $ 106,043 4.5 % N/A N/A Total capital (to risk-weighted assets) 386,125 16.39 % 188,521 8.0 % N/A N/A Tier 1 capital (to risk-weighted assets) 357,315 15.16 % 141,391 6.0 % N/A N/A Tier 1 capital (to average assets) 357,315 13.43 % 106,423 4.0 % N/A N/A PCB Bank Common tier 1 capital (to risk-weighted assets) $ 350,038 14.85 % $ 106,081 4.5 % $ 153,228 6.5 % Total capital (to risk-weighted assets) 378,849 16.07 % 188,588 8.0 % 235,735 10.0 % Tier 1 capital (to risk-weighted assets) 350,038 14.85 % 141,441 6.0 % 188,588 8.0 % Tier 1 capital (to average assets) 350,038 13.16 % 106,421 4.0 % 133,026 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. The Company may also make a distribution if, immediately after the distribution, the value of its assets equals or exceeds the sum of (a) its total liabilities plus (b) the liquidation preference of any shares which have a preference upon dissolution over the rights of shareholders receiving the distribution. Indebtedness is not considered a liability if the terms of such indebtedness provide that payment of principal and interest thereon are to be made only if, and to the extent that, a distribution to shareholders could be made under the balance sheet test. The Federal Reserve, the FDIC and CDFPI periodically examine the Company’s business, including compliance with laws and regulations. If, as a result of an examination, a banking agency were to determine that the Company’s financial condition, capital resources, asset quality, earnings prospects, management, liquidity or other aspects of any of the Company’s operations had become unsatisfactory, or that the Company was in violation of any law or regulation, they may take a number of different remedial actions as they deem appropriate. These actions include the power to enjoin “unsafe or unsound” practices, to require affirmative action to correct any conditions resulting from any violation or practice, to issue an administrative order that can be judicially enforced, to direct an increase in the Company’s or the Bank’s capital, to restrict growth, to assess civil money penalties, to fine or remove officers and directors and, if it is concluded that such conditions cannot be corrected or there is an imminent risk of loss to depositors, to terminate the Bank’s deposit insurance and place the Bank into receivership or conservatorship.

Revenue Recognition

Revenue Recognition	12 Months Ended
	Dec. 31, 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 for the periods indicated: Year Ended December 31, ($ in thousands) 2023 2022 2021 Noninterest income in-scope of Topic 606 Service charges and fees on deposits: Monthly service fees $ 107 $ 90 $ 81 Account analysis fees 951 936 885 Non-sufficient funds charges 328 221 165 Other deposit related fees 89 79 64 Total service charges and fees on deposits 1,475 1,326 1,195 Debit card fees 339 335 306 Gain (loss) on sale of other real estate owned — 152 74 Wire transfer fees 625 643 596 Other service charges 211 186 198 Total $ 2,650 $ 2,642 $ 2,369

Condensed Financial Statements

Condensed Financial Statements for Parent Company	12 Months Ended
	Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract]
Condensed Financial Statements for Parent Company	Condensed Financial Statements for Parent Company The parent company’s condensed statements of financial condition as of December 31, 2023 and 2022, and the related condensed statements of income and comprehensive income, and condensed statements of cash flows for the years ended December 31, 2023, 2022, and 2021 are presented below: Condensed Balance Sheets December 31, ($ in thousands) 2023 2022 Assets Cash $ 7,297 $ 6,549 Investment in subsidiary 341,595 328,832 Other assets 56 61 Total assets $ 348,948 $ 335,442 Liabilities and Shareholders’ Equity Other liabilities $ 76 $ — Total liabilities 76 — Total shareholders’ equity 348,872 335,442 Total liabilities and shareholders’ equity $ 348,948 $ 335,442 Condensed Statements of Income and Comprehensive Income Year Ended December 31, ($ in thousands) 2023 2022 2021 Income: Dividends from subsidiary $ 18,846 $ 16,597 $ 18,375 Other income 6 — — Total income 18,852 16,597 18,375 Expense: Other expense 1,014 912 753 Total expense 1,014 912 753 Income before taxes and equity in undistributed subsidiary income 17,838 15,685 17,622 Income tax benefit (293) (265) (223) Income before equity in undistributed subsidiary income 18,131 15,950 17,845 Equity in undistributed subsidiary income 12,574 19,037 22,258 Net income 30,705 34,987 40,103 Other comprehensive income (loss), net of tax 1,587 (10,665) (1,802) Comprehensive income $ 32,292 $ 24,322 $ 38,301 Condensed Statements of Cash Flows Year Ended December 31, ($ in thousands) 2023 2022 2021 Cash flows from operating activities Net income $ 30,705 $ 34,987 $ 40,103 Adjustments to reconcile net income to net cash provided by operating activities: Equity in undistributed subsidiary income (12,574) (19,037) (22,258) Change in other assets 5 (6) (11) Net cash provided by operating activities 18,136 15,944 17,834 Cash flows from investing activities: Capital contribution to subsidiary — (69,141) — Net cash used in investing activities — (69,141) — Cash flows from financing activities: Issuance of preferred stock — 69,141 — Stock options exercised 1,350 840 1,279 Restricted stock surrendered due to employee tax liability (2) (8) (4) Repurchase of common stock (8,828) (6,732) (10,876) Cash dividends paid on common stock (9,908) (8,946) (6,655) Net cash used in financing activities (17,388) 54,295 (16,256) Net increase in cash and cash equivalents 748 1,098 1,578 Cash and cash equivalents at beginning of year 6,549 5,451 3,873 Cash and cash equivalents at end of year $ 7,297 $ 6,549 $ 5,451

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2023
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Dividend Declared on Common Stock. On January 25, 2024, the Company’s Board of Directors declared a quarterly cash dividend of $0.18 per common share for the first quarter of 2024. The dividend was paid on February 16, 2024, to shareholders of record as of the close of business on February 9, 2024.

Basis of Presentation and Sig_2

Basis of Presentation and Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Principles of Consolidation	The consolidated financial statements include the accounts of the Company and its wholly owned subsidiary as of December 31, 2023 and 2022 and for the years ended December 31, 2023, 2022 and 2021. Significant inter-company accounts and transactions have been eliminated in consolidation. Unless the context requires otherwise, all references to the Company include its wholly owned subsidiaries.
Basis of Presentation	The accounting and reporting polices of the Company are based upon GAAP and conform to predominant practices within the financial services industry. Significant accounting policies followed by the Company are presented below. Certain prior period amounts have been reclassified to conform to the current year’s presentation. These reclassifications had no impact on the Company’s consolidated statements of financial condition or operations.
Use of Estimates in the Preparation of Financial Statements	Use of Estimates in the Preparation of Financial Statements The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. These estimates are subject to change and such change could have a material effect on the consolidated financial statements. Actual results may differ from those estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include cash on hand, cash items in transit, cash due from the Federal Reserve Bank and other financial institutions, and federal funds sold with original maturities less than 90 days.
Investment Securities	Investment Securities Investment securities are classified as held-to-maturity or available-for-sale at the time of purchase based upon the intent of management, liquidity and capital requirements, regulatory limitations and other relevant factors. Debt securities are classified as held-to-maturity when management has the positive intent and ability to hold to maturity. Debt securities are classified as available-for-sale when they might be sold before maturity. Securities held-to-maturity are carried at amortized cost and securities available-for-sale are carried at fair value with unrealized gains and losses, net of taxes, recorded in other comprehensive income. As of December 31, 2023 and 2022, all of the investment securities held by the Company were securities available-for-sale. Gains and losses on sales of securities are determined using the specific identification method. Net realized gains or losses on available-for-sale securities are included in noninterest income and, when applicable, are reported as a reclassification adjustment, net of tax, in other comprehensive income. Amortization of premiums and accretion of discounts are included in interest income using the effective interest method.
Allowance for Credit Losses	Allowance for Credit Losses on Investment Securities. Effective January 1, 2023, ACL on securities available-for-sale is determined in accordance with ASC 326. The Company performs a quarterly evaluation for securities in an unrealized loss position to determine if, for those investments in an unrealized loss position, the decline in fair value is credit related or non-credit related. In determining whether a security’s decline in fair value is credit related, the Company considers a number of factors including, but not limited to: (i) the extent to which the fair value of the investment is less than its amortized cost; (ii) the financial condition and near-term prospects of the issuer; (iii) downgrades in credit ratings; (iv) payment structure of the security, (v) the ability of the issuer of the security to make scheduled principal and interest payments, and (vi) general market conditions which reflect prospects for the economy as a whole, including interest rates and sector credit spreads. If it is determined that the unrealized loss, or a portion thereof, is credit related, the Company records the amount of credit loss through a charge to provision for credit losses. Unrealized losses deemed non-credit related are recorded, net of tax, through accumulated other comprehensive income. The Company does not measure credit losses on an investment’s accrued interest receivable, but rather promptly reverses from current period earnings the amount of accrued interest that is no longer deemed collectable. Accrued interest receivable for investment securities is included in accrued interest receivable in the consolidated statements of financial condition. Allowance for Credit Losses on Loans and Off-Balance Sheet Credit Exposures Effective January 1, 2023, ACL on loans is determined in accordance with ASC 326, which requires the Company to record an estimate of expected lifetime credit losses for loans at the time of origination or acquisition. The ACL is maintained at a level deemed appropriate by management to provide for expected credit losses in the portfolio as of the date of the consolidated statements of financial condition. Estimating expected credit losses requires management to use relevant forward-looking information, including the use of reasonable and supportable forecasts. The measurement of the ACL is performed by collectively evaluating loans with similar risk characteristics. The Company’s discounted cash flow methodology incorporates a PD and LGD model, as well as expectations of future economic conditions, using reasonable and supportable forecasts. 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 1-year forecast time horizon, the Company’s ACL model reverts to historical long-term average loss rates over a 1-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 leverages economic projections from a reputable and independent third party to inform and provide its reasonable and supportable economic forecasts. Other internal and external indicators of economic forecasts may also be considered by management when developing the forecast metrics. The Company’s ACL model reverts to long-term average loss rates for purposes of estimating expected cash flows beyond a period deemed reasonable and supportable. The Company forecasts economic conditions and expected credit losses over a one-year time horizon. Beyond the one-year forecast time horizon, the Company’s ACL model reverts to historical long-term average loss rates over one-year period. Management utilizes the economic forecasts provided by the 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 GDP growth rates over the forward-looking 4 quarters are used in determining the PD rates over the forecasted periods. Changes in economic forecasts, in conjunction with changes in loan specific attributes, impact a loan’s PD and LGD, which can drive changes in the determination of the ACL. 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. For each segment of the collectively evaluated loans, a hypothetical worst case scenario loss rate is calculated which is then used as the high watermark for the qualitative adjustment factors. The net difference between the worst case scenario loss rate and the current period’s quantitative reserve rate is the maximum available qualitative reserve for a given segment. The required qualitative reserve for each segment is then determined based on the weighting of the qualitative category and the assignment of risk status rating (improvement, no risk, minor risk, moderate risk, and major risk) for each qualitative factor category. 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. For performing loans individually evaluated, the Company measures the expected credit loss 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. Although management uses the best information reasonably available to derive estimates necessary to measure an appropriate level of the ACL, future adjustments to the ACL may be necessary due to economic, operating, regulatory and other conditions that may extend beyond the Company’s control. Generally, loans are charged off immediately when it is determined that advances to the borrower are in excess of the calculated current fair value of the collateral and if a borrower is deemed incapable of repayment of unsecured debt, there is little or no prospect for near term improvement and no realized strengthening action of significance pending. Other consumer loans are charged off based on delinquency, typically 120 days for closed loans and 180 days for open-end loans, or earlier when it is determined that the loan is uncollectible due to a triggering event, such as bankruptcy, fraud, or death. This methodology for determining charge-offs is consistently applied to each segment. Charge-offs are recorded to the ACL. Subsequent recoveries, if any, are credited to the ACL. Prior to the Company’s adoption of ASC 326 on January 1, 2023 The Company maintained an allowance for loan losses in accordance with ASC 450, Contingencies and ASC 310, Receivables, which was a valuation allowance for probable incurred credit losses. Management estimated the allowance for loan losses using past loan loss experience, the nature and volume of the portfolio, information about specific borrower situations and estimated collateral values, economic conditions, and other factors. The allowance consisted of general reserves (collectively evaluated for impairment) and specific reserves (individually evaluated for impairment). General reserves covered non-impaired loans and are based on historical loss rates over the most recent 11 years for each portfolio segment, as of December 31, 2022, adjusted for the effects of qualitative or environmental factors that were likely to cause estimated credit losses as of the evaluation date to differ from the portfolio segment’s historical loss experience. The Company utilized a migration analysis to measure actual historical loss experience, with the resulting historical loss rate adjusted for any applicable loss emergence period factors serving as the base loss rate to estimate the amount of appropriate loss reserve. Qualitative factors included consideration of the following: changes in lending policies and procedures; changes in economic conditions; changes in the nature and volume of the portfolio; changes in the experience, ability, and depth of lending management and other relevant staff; changes in the volume and severity of past due, nonaccrual, and other adversely graded loans; changes in the loan review system; changes in the value of the underlying collateral for collateral-dependent loans; concentrations of credit and the effect of other external factors such as competition and legal and regulatory requirements. Specific reserves related to loans that were individually classified as impaired. A loan was impaired when, based on current information and events, it was probable that the Company would be unable to collect all amounts due according to the contractual terms of the loan agreement. Factors considered in determining impairment included payment status, collateral value, and the probability of collecting all amounts when due. Measurement of impairment was based on the expected future cash flows of an impaired loan, which were to be discounted at the loan’s effective interest rate, or measured by reference to an observable market value, if one exists, or the fair value of the collateral for a collateral-dependent loan. The Company selected the measurement method on a loan-by-loan basis, with the exception of collateral-dependent loans for which the most viable source of repayment was the continued operation of the collateral or liquidation of the collateral. The impairment for these loans was measured at the fair value of the collateral, less estimated selling cost. 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.
Loans Held-For-Sale	Loans Held-For-Sale The Company originates SBA loans, and certain residential mortgage and CRE loans with the intention for sale in the secondary market. The Company records the guaranteed portion of SBA loans and these residential mortgage and CRE loans held-for-sale at the lower of cost or fair value on an aggregate basis. Fair value is based on commitments on hand from investors or prevailing market prices. A valuation allowance is established if the fair value of such loans is lower than their cost, with a corresponding charge to noninterest income. When the Company changes its intent to hold loans for investment, the loans are transferred to held-for-sale at lower of cost or fair value at the time of transfer, as determined on an individual loan level with charges made to ACL on loans when the fair value is lower than the cost. Deferred fees and cost on transferred loans are included in the determination of gains or losses on sale of the related loans. Subsequent decreases in fair value, if any, are recognized through a valuation allowance with charges made to noninterest income. If a determination is made that a loan held-for-sale cannot be sold in the foreseeable future, it is transferred to loans held-for-investment at lower of cost or fair value on the transfer date with a charge made to noninterest income when the fair value is lower than the cost. Realized gains and losses from sales of loans are included in noninterest income. For sales of guaranteed portion of SBA and certain residential mortgage loans, the loan servicing rights are retained.
Loans Held-For-Investment	Loans Held-For-Investment Loans held-for-investment that management has the intent and ability to hold for the foreseeable future are reported at their outstanding unpaid principal balances, net of any charge-offs, deferred fees or costs on originated loans, or unamortized premiums or discounts on purchased loans. Loan origination fees and certain direct origination costs are deferred and recognized in interest income using the effective interest method over the life of the loan. Interest is accrued and credited to income as earned only if deemed collectible. Loans on which the accrual of interest has been discontinued are designated as nonaccrual loans. Accrual of interest on loans is discontinued when principal or interest payment is 90 days past due based on the contractual terms of the loan or when, in the opinion of management, there is reasonable doubt as to collectability. When loans are placed on nonaccrual status, all interest previously accrued but not collected is reversed against current period interest income. Past-due status is based on the contractual terms of the loan. Interest payments that are subsequently received are applied as a reduction to the remaining principal balance as long as concern exists as to the collectability of the principal. Interest accruals are resumed on such loans only when the loans are brought current with respect to interest and principal and when, in the judgment of management, all principal and interest on the loans are expected to be fully collectable. Loan portfolio segments identified by the Company include: commercial real estate (commercial property, business property, multifamily and construction), commercial and industrial, and consumer loans (residential mortgage and other consumer). 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 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 higher 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 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 real estate 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. As of December 31, 2023, the Company’s loan portfolio was primarily collateralized by various forms of real estate and business assets located primarily in California. The Company’s loan portfolio contains concentrations of credit in commercial real estate loans and commercial and industrial loans. The Company maintains policies that address these concentrations, as well as residential mortgage loans, and diversifies its loan portfolio through loan originations, purchases, and sales to meet approved concentration levels.
Premises and Equipment	Premises and Equipment Premises and equipment are carried at cost less accumulated depreciation and amortization. Depreciation is computed using the straight-line method over the estimated useful lives, which ranges from three
Operating Leases	Operating Leases The Company’s operating leases are for its headquarters’ office spaces, and retail branch and LPO locations. Most leases include one or more options to renew, with renewal terms that can extend the lease term from one
Federal Home Loan Bank and Other Restricted Stock	Federal Home Loan Bank and Other Restricted Stock
Other Real Estate Owned	Other Real Estate Owned OREO represents properties acquired through foreclosure or other proceedings. The Company initially records OREO at fair value at the time of foreclosure. Thereafter, OREO is recorded at the lower of cost or fair value based on their subsequent changes in fair value. The fair value of OREO is generally based on recent real estate appraisals adjusted for estimated selling costs. Any write-down to fair value at the time of transfer to OREO is charged to ACL on loans. Property is evaluated regularly to ensure the recorded amount is supported by its current fair value and valuation allowances to reduce the carrying amounts to fair value less estimated costs to dispose are recorded as necessary. Additions to or reductions from valuation allowances are recorded in noninterest expense.
Servicing Assets	Servicing Assets Servicing assets are recognized when servicing rights are retained from the sale of loans, such as sales of the guaranteed portion of SBA and certain residential mortgage loans, and are initially recorded at fair value. Fair value is calculated as the present value of estimated future cash flows from the servicing rights based on current market sources, such as the cost to service, discount rates, and prepayment speeds. Servicing assets are amortized into noninterest income over the expected life of the underlying loans. Servicing assets are evaluated for impairment based on the fair value of the servicing rights as compared to the carrying amount. Impairment is determined by stratifying servicing rights into groupings based on predominant risk characteristics, such as collateral type. For purposes of measuring impairment, the Company has identified each servicing asset with the underlying loan being serviced. A valuation allowance is recorded when the fair value is below the carrying amount of the asset. If the Company later determines that all or a portion of the impairment no longer exists for a particular grouping, a reduction of the valuation allowance may be recorded as an increase to income. The fair values of servicing assets are subject to significant fluctuations as a result of changes in estimated and actual prepayment speeds and changes in discount rates. Servicing income as reported on the income statement consists of fees earned for servicing loans, net of the amortization of servicing assets and changes in the valuation allowance. The servicing fees are based on a contractual percentage of the outstanding principal and recorded as income when earned.
Investment in Qualified Affordable Housing Projects	Investment in Qualified Affordable Housing Projects The Company has invested in a limited partnership that operates qualified affordable housing projects for lower income tenants in California. The Company accounts for this investment under the proportional amortization method and the amortization expense is presented as a component of current tax expense. Return of this investment is generated primarily through allocated federal tax credits and other tax benefits. The recorded investment amount was $3.8 million and $4.3 million, respectively, and unfunded commitments were $2.9 million and $2.9 million, respectively, at December 31, 2023 and 2022. The recorded investment amount is included in Other Assets and unfunded commitment is included in Accrued Interest Payable and Other Liabilities on the Consolidated Statements of Financial Condition. As components of income tax expense, the Company recognized $451 thousand, $343 thousand and $247 thousand in amortization expense, respectively, partially offset by federal tax credits and other benefits of $674 thousand, $336 thousand and $299 thousand, respectively, for the years ended December 31, 2023, 2022 and 2021. The Company determined that there were no events or changes in circumstances indicating that it is more likely than not that the carrying amount of the investment will not be realized. Therefore, no impairment was recorded for the years ended December 31, 2023 and 2022.
Bank-owned Life Insurance	Bank-owned Life Insurance The Company purchases life insurance policies on certain officers and directors. The Bank and named beneficiaries of various current covered officers are the beneficiaries under each policy. In the event of the death of a covered officer, the Bank and named beneficiaries of the covered officer will receive the specified insurance benefit from the insurance carrier. Bank-owned life insurance is recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due, if any, that are probable at settlement.
Earnings Per Share	Earnings Per Share Earnings per share (“EPS”) is computed under the two-class method. Net income allocated to common stock is computed by subtracting income allocated to unvested restricted stock from net income. Income allocated to unvested restricted stock includes cash dividend paid and undistributed income available to holders of unvested restricted stock, if any. Basic EPS is computed by dividing net income allocated to common stock by the weighted-average common shares outstanding excluding the weighted-average unvested restricted stock. Diluted EPS is computed by dividing net income allocated to common stock by the weighted-average common stock outstanding, excluding the weighted-average unvested restricted stock, adjusted for the dilutive effect of the stock options. Diluted EPS reflects the potential dilution that could occur if options or other contracts to issue common stock were exercised or converted into common stock, or resulted in the issuance of common stock that then shared in the earnings of the entity.
Transfer of Financial Assets	Transfer of Financial Assets Transfers of financial assets are accounted for sales, when control over the assets has been relinquished. Control over transferred assets is deemed to be surrendered when the assets have been isolated from the Company, the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity.
Share-Based Compensation	Share-Based Compensation
Income Taxes	Income Taxes Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the consolidated financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. The Company recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. Interest and penalties related to unrecognized tax benefits are recorded as part of income tax expense. A valuation allowance is established to reduce the deferred tax asset to the level at which it is more likely than not that the tax benefits will be realized. Realization of tax benefits of deductible temporary differences and carryforwards depends on having sufficient taxable income of an appropriate character and in the appropriate periods.
Comprehensive Income (Loss)	Comprehensive Income (Loss) Comprehensive income consists of net income and other comprehensive income (loss). Other comprehensive income (loss) includes the changes in unrealized gains and losses on securities available-for-sale, net of tax.
Commitments and Contingencies	Commitments and Contingencies In the ordinary course of business, the Company enters into off-balance sheet financial instruments consisting of commitments to extend credit, commercial letters of credit, and standby letters of credit as described in Note 16. Such financial instruments are recorded in the consolidated financial statements when they are funded or related fees are incurred or received.
Revenue Recognition	Revenue Recognition Topic 606, “Revenue from Contracts with Customers,” does not apply to revenue associated with financial instruments, including revenue from loans and securities. In addition, certain noninterest income streams such as gain or loss associated with mortgage servicing assets and financial guarantees are also not within the scope. Topic 606 is applicable to noninterest income such as deposit related fees, interchange fees, and merchant related income. Noninterest income considered to be within the scope of Topic 606 is discussed below. Service charges and fees on deposits : Deposit account service charges consist of monthly service fees, account analysis fees, non-sufficient funds (“NSF”) charges and other deposit related fees. The Company’s performance obligation for account analysis fees and monthly service fees is generally satisfied, and the related revenue recognized, over the period in which the service is provided. NSF charges, and other deposit account service charges are largely transactional based, and therefore, the Company’s performance obligation is satisfied, and related revenue recognized, at a point in time as incurred. Debit card fees : When customers use their debit cards to pay merchants for goods or services, the Company retains a fee from the funds collected from the related deposit account and transfers the remaining funds to the payment network for remittance to the merchant. The performance obligation to the merchant is satisfied and the fee is recognized at the point in time when the funds are collected and transferred to the payment network. Gain (loss) on sale of other real estate owned : The Company’s performance obligation for sale of OREO is the transfer of title and ownership rights of the OREO to the buyer, which occurs at the settlement date when the sale proceeds are received and income is recognized. Wire transfer fees and other service charges : Wire transfer fees and other service charges are transaction based, and therefore, the Company’s performance obligation is satisfied, and related revenue recognized, at a point in time as incurred.
Fair Value Measurement	Fair Value Measurement Fair value is the exchange price that would be received for an asset or paid to transfer a liability (i.e., an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Current accounting guidance establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs when measuring fair value. The guidance describes three levels of inputs that may be used to measure fair value: • Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. • Level 2: Significant observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. • Level 3: Significant unobservable inputs that reflect a reporting entity’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. 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, individually evaluated loans, servicing assets and OREO are recorded at fair value on a non-recurring basis. Non-recurring fair value measurements typically involve assets that are periodically evaluated for impairment and for which any impairment is recorded in the period in which the re-measurement is performed. The following is a description of valuation methodologies used for assets and liabilities recorded at fair value: Investment securities : The fair values of securities available-for-sale are determined by obtaining quoted prices on nationally recognized securities exchanges (Level 1) or matrix pricing, which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted prices for specific securities but rather by relying on the securities’ relationship to other benchmark quoted securities (Level 2). Management reviews the valuation techniques and assumptions used by the provider and determines that the provider uses widely accepted valuation techniques based on observable market inputs appropriate for the type of security being measured. Loans held-for-sale : The Company records SBA loans held-for-sale, residential mortgage 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. Individually evaluated loans : The Company records fair value adjustments on certain loans that reflect (i) partial write-downs, through charge-offs or individual reserve allowances, that are based on the current appraised or market-quoted value of the underlying collateral or (ii) the full charge-off of the loan carrying value. In some cases, the properties for which market quotes or appraised values have been obtained are located in areas where comparable sales data is limited, outdated, or unavailable. Fair value estimates for collateral-dependent individually evaluated loans are obtained from real estate brokers or other third-party consultants, and are classified as Level 3. Other real estate owned : The Company initially records OREO at fair value at the time of foreclosure. Thereafter, OREO is recorded at the lower of cost or fair value based on their subsequent changes in fair value. The fair value of OREO is generally based on recent real estate appraisals adjusted for estimated selling costs. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the appraisers to adjust for differences between the comparable sales and income data available. Such adjustments may be significant and result in a Level 3 classification due to the unobservable inputs used for determining fair value. Only OREO with a valuation allowance are considered to be carried at fair value. Servicing Assets: Servicing assets represent the value of servicing rights associated with servicing loans that have been sold. The fair value for servicing assets is determined through discounted cash flow analysis and utilizes discount rates and prepayment speed assumptions as inputs. All of these assumptions require a significant degree of management estimation and judgment. The fair market valuation is performed on a quarterly basis for servicing assets. Servicing assets are accounted for at the lower of cost or market value and considered to be recognized at fair value when they are recorded at below cost and are classified as Level 3.
Adopted Accounting Pronouncements and Recent Accounting Pronouncements Not Yet Adopted	Adopted Accounting Pronouncements During the year ended December 31, 2023, the Company adopted following accounting pronouncements. In June 2016, the 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 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 $788 thousand. The initial adjustment to the ACL reflects the expected lifetime credit losses associated with the composition of financial assets within the scope of ASC 326 as of January 1, 2023, as well as management’s current expectation of future economic conditions. The following table summarizes the initial adjustment to the ACL as of January 1, 2023: ($ 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. 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 above, 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 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 Annual Report on Form 10-K. 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. 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 The following recently issued accounting pronouncement applicable to the Company has not yet been adopted: In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 780) - Improvements to Income Tax Disclosures.” The amendments in this ASU requires public entities to disclose in their rate reconciliation table additional categories of information about federal, state and foreign income taxes and to provide more details about the reconciling items in some categories if items meet a quantitative threshold. This ASU also requires all entities to disclose income taxes paid, net of refunds, disaggregated by federal, state and foreign taxes for annual periods and to disaggregate the information by jurisdiction based on a quantitative threshold, among other things. This ASU is effective for the Company for fiscal years beginning after December 15, 2024 with early adoption permitted. The Company will update it income tax disclosure upon adoption.

Basis of Presentation and Sig_3

Basis of Presentation and Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 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) December 31, 2023 January 1, 2023 Commercial real estate: Commercial property $ 855,270 $ 772,020 Business property 558,772 526,513 Multifamily 132,500 124,751 Construction 24,843 17,054 Total commercial real estate 1,571,385 1,440,338 Commercial and industrial 342,002 249,250 Consumer: Residential mortgage 389,420 333,726 Other consumer 20,645 22,749 Total consumer 410,065 356,475 Loans held-for-investment 2,323,452 2,046,063 Allowance for credit losses on loans (27,533) (26,009) Net loans held-for-investment $ 2,295,919 $ 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 of ACL on Loans and Initial Adjustment to ACL	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) Year Ended Provision for credit losses on loans $ 497 Reversal for credit losses on off-balance sheet credit exposures (629) Total reversal for credit losses $ (132) 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 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) — (83) (132) Recoveries — 9 — — 1,107 — 43 1,159 Provision (reversal) for credit losses on loans 5,925 (1,911) 51 (16) (4,663) 1,069 42 497 Balance at December 31, 2023 $ 12,665 $ 4,739 $ 1,441 $ 135 $ 6,245 $ 2,226 $ 82 $ 27,533 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 Consumer Total Balance at January 1, 2021 18,894 7,222 394 26,510 Charge-offs (24) (115) (88) (227) Recoveries on loans previously charged off 63 565 66 694 Reversal for loan losses (2,136) (2,362) (98) (4,596) Balance at December 31, 2021 16,797 5,310 274 22,381 Charge-offs — (1,095) (104) (1,199) Recoveries on loans previously charged off — 61 97 158 Provision (reversal) for loan losses 2,430 1,226 (54) 3,602 Balance at December 31, 2022 $ 19,227 $ 5,502 $ 213 $ 24,942 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)	12 Months Ended
	Dec. 31, 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 the dates indicated: Fair Value Measurement Level ($ in thousands) Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Total December 31, 2023 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Mortgage-backed securities $ — $ 104,091 $ — $ 104,091 Collateralized mortgage obligations — 24,173 — 24,173 SBA loan pool securities — 7,450 — 7,450 Municipal bonds — 3,329 — 3,329 Corporate bonds — 4,280 — 4,280 Total securities available-for-sale — 143,323 — 143,323 Total assets measured at fair value on a recurring basis $ — $ 143,323 $ — $ 143,323 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: Mortgage-backed securities $ — $ 96,900 $ — $ 96,900 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 the dates indicated: Fair Value Measurement Level ($ in thousands) Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Total December 31, 2023 Loans individually evaluated: Business property — — 425 425 Total loans individually evaluated — — 425 425 Total assets measured at fair value on a non-recurring basis $ — $ — $ 425 $ 425 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) Under the legacy loan segments and included in loans held-for-sale For assets measured at fair value, the following table presents the total net losses, which include charge-offs, recoveries, individual reserves, impairment on servicing assets, gain (loss) on sale of OREO, and OREO valuation write-downs recorded for the periods indicated: Year Ended December 31, ($ in thousands) 2023 2022 2021 Loans individually evaluated: Commercial and industrial $ 1,074 $ (1,074) $ 131 Business property (264) N/A N/A SBA property (1) NA — (8) Other real estate owned — 152 73 Net gain (losses) recognized $ 810 $ (922) $ 196 (1) Under the legacy loan segments
Quantitative Information About Level 3 Fair Value Measurements	The following table presents quantitative information about level 3 fair value measurements for assets measured at fair value on a non-recurring basis as of the dates indicated: ($ in thousands) Fair Value Valuation Technique(s) Unobservable Input(s) Range (Weighted-Average) December 31, 2023 Loans individually evaluated: Business property $ 425 Pending sales agreement NM NM December 31, 2022 Impaired loans: Commercial lines of credit $ 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 December 31, 2023 Financial assets: Interest-bearing deposits in other financial institutions $ 215,824 $ 215,824 $ 215,824 $ — $ — Securities available-for-sale 143,323 143,323 — 143,323 — Loans held-for-sale 5,155 5,472 — 5,472 — Net loans held-for-investment 2,295,919 2,225,573 — — 2,225,573 FHLB and other restricted stock 12,716 N/A N/A N/A N/A Accrued interest receivable 9,468 9,468 128 513 8,827 Financial liabilities: Deposits $ 2,351,612 $ 2,353,465 $ — $ — $ 2,353,465 FHLB advances 39,000 39,013 — 39,013 — Accrued interest payable 18,052 18,052 — 192 17,860 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)	12 Months Ended
	Dec. 31, 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 investment securities as of the dates indicated: ($ in thousands) Amortized Cost Gross Unrealized Gain Gross Unrealized Loss Fair Value December 31, 2023 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Mortgage-backed securities $ 114,485 $ 199 $ (10,593) $ 104,091 Collateralized mortgage obligations 25,611 63 (1,501) 24,173 SBA loan pool securities 7,773 3 (326) 7,450 Municipal bonds 3,306 25 (2) 3,329 Corporate bonds 5,000 — (720) 4,280 Total securities available-for-sale $ 156,175 $ 290 $ (13,142) $ 143,323 December 31, 2022 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Mortgage-backed securities $ 109,497 $ 1 $ (12,598) $ 96,900 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 investment securities by contractual maturity as of December 31, 2023. Expected maturities may differ from contractual maturities, if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately. Securities Available-For-Sale ($ in thousands) Amortized Cost Fair Value Within one year $ 864 $ 862 One to five years 82 81 Five to ten years 5,724 5,010 Greater than ten years 1,636 1,656 Mortgage-backed securities, collateralized mortgage obligations and SBA loan pool securities 147,869 135,714 Total $ 156,175 $ 143,323
Summary of Gains (Losses) on Available-for-sale Securities	The following table presents proceeds from sales and calls of securities available-for-sale and the associated gross gains and losses realized through earnings upon the sales and calls of securities available-for-sale for the periods indicated: Year Ended December 31, ($ in thousands) 2023 2022 2021 Gross realized gains on sales and calls of securities available-for-sale $ — $ — $ — Gross realized losses on sales and calls of securities available-for-sale — — — Net realized gains on sales and calls of securities available-for-sale $ — $ — $ — Proceeds from sales and calls of securities available-for-sale $ — $ 1,040 $ — Tax expense on sales and calls of securities available-for-sale $ — $ — $ —
Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value	The following table summarizes the investment securities with unrealized losses by security type and length of time in a continuous unrealized loss position as of the dates indicated: Length of Time That Individual Securities Have Been In a Continuous Unrealized Loss Position Less Than 12 Months 12 Months or Longer Total ($ in thousands) Fair Value Gross Unrealized Losses Number of Securities Fair Value Gross Unrealized Losses Number of Securities Fair Value Gross Unrealized Losses Number of Securities December 31, 2023 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Mortgage-backed securities $ 9,252 $ (41) 8 $ 78,958 $ (10,552) 110 $ 88,210 $ (10,593) 118 Collateralized mortgage obligations 5,660 (62) 4 13,919 (1,439) 35 19,579 (1,501) 39 SBA loan pool securities — — — 6,627 (326) 14 6,627 (326) 14 Municipal bonds 81 — 1 362 (2) 1 443 (2) 2 Corporate bonds — — — 4,280 (720) 1 4,280 (720) 1 Total securities available-for-sale $ 14,993 $ (103) 13 $ 104,146 $ (13,040) 161 $ 119,139 $ (13,142) 174 December 31, 2022 Securities available-for-sale: U.S. government agency and U.S. government sponsored enterprise securities: Mortgage-backed securities $ 55,171 $ (3,721) 83 $ 41,697 $ (8,877) 36 $ 96,868 $ (12,598) 119 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 (Tables)	12 Months Ended
	Dec. 31, 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) December 31, 2023 January 1, 2023 Commercial real estate: Commercial property $ 855,270 $ 772,020 Business property 558,772 526,513 Multifamily 132,500 124,751 Construction 24,843 17,054 Total commercial real estate 1,571,385 1,440,338 Commercial and industrial 342,002 249,250 Consumer: Residential mortgage 389,420 333,726 Other consumer 20,645 22,749 Total consumer 410,065 356,475 Loans held-for-investment 2,323,452 2,046,063 Allowance for credit losses on loans (27,533) (26,009) Net loans held-for-investment $ 2,295,919 $ 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 of ACL on Loans and Initial Adjustment to ACL	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) Year Ended Provision for credit losses on loans $ 497 Reversal for credit losses on off-balance sheet credit exposures (629) Total reversal for credit losses $ (132) 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 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) — (83) (132) Recoveries — 9 — — 1,107 — 43 1,159 Provision (reversal) for credit losses on loans 5,925 (1,911) 51 (16) (4,663) 1,069 42 497 Balance at December 31, 2023 $ 12,665 $ 4,739 $ 1,441 $ 135 $ 6,245 $ 2,226 $ 82 $ 27,533 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 Consumer Total Balance at January 1, 2021 18,894 7,222 394 26,510 Charge-offs (24) (115) (88) (227) Recoveries on loans previously charged off 63 565 66 694 Reversal for loan losses (2,136) (2,362) (98) (4,596) Balance at December 31, 2021 16,797 5,310 274 22,381 Charge-offs — (1,095) (104) (1,199) Recoveries on loans previously charged off — 61 97 158 Provision (reversal) for loan losses 2,430 1,226 (54) 3,602 Balance at December 31, 2022 $ 19,227 $ 5,502 $ 213 $ 24,942 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 December 31, 2023 and gross write offs for the year ended December 31, 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 December 31, 2023 Commercial Real Estate: Commercial property Pass $ 154,563 $ 268,369 $ 155,817 $ 83,461 $ 70,425 $ 107,879 $ 8,807 $ — $ 849,321 Special mention — — 484 — — 2,952 — — 3,436 Substandard — — — — 311 2,202 — — 2,513 Doubtful — — — — — — — — — Total $ 154,563 $ 268,369 $ 156,301 $ 83,461 $ 70,736 $ 113,033 $ 8,807 $ — $ 855,270 Current period gross write offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Business property Pass $ 103,364 $ 103,549 $ 163,136 $ 50,362 $ 69,852 $ 59,765 $ 882 $ 4,327 $ 555,237 Special mention — — — — — — — — — Substandard — 452 193 — 2,254 636 — — 3,535 Doubtful — — — — — — — — — Total $ 103,364 $ 104,001 $ 163,329 $ 50,362 $ 72,106 $ 60,401 $ 882 $ 4,327 $ 558,772 Current period gross write offs $ — $ — $ — $ — $ — $ 4 $ — $ — $ 4 Multifamily Pass $ 14,219 $ 40,618 $ 42,848 $ 26,472 $ 2,419 $ 5,924 $ — $ — $ 132,500 Special mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total $ 14,219 $ 40,618 $ 42,848 $ 26,472 $ 2,419 $ 5,924 $ — $ — $ 132,500 Current period gross write offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Construction Pass $ 4,617 $ 9,120 $ — $ 7,500 $ 3,606 $ — $ — $ — $ 24,843 Special mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total $ 4,617 $ 9,120 $ — $ 7,500 $ 3,606 $ — $ — $ — $ 24,843 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 December 31, 2023 (Continued) Commercial and Industrial Pass $ 77,957 $ 28,638 $ 11,950 $ 4,354 $ 6,323 $ 8,327 $ 198,010 $ 3,796 $ 339,355 Special mention — — — 379 314 27 1,000 — 1,720 Substandard — — — — 142 785 — — 927 Doubtful — — — — — — — — — Total $ 77,957 $ 28,638 $ 11,950 $ 4,733 $ 6,779 $ 9,139 $ 199,010 $ 3,796 $ 342,002 Current period gross write offs $ — $ — $ — $ — $ — $ 45 $ — $ — $ 45 Consumer Residential mortgage Pass $ 79,581 $ 163,734 $ 78,499 $ 11,363 $ 10,865 $ 45,378 $ — $ — $ 389,420 Special mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total $ 79,581 $ 163,734 $ 78,499 $ 11,363 $ 10,865 $ 45,378 $ — $ — $ 389,420 Current period gross write offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Other consumer Pass $ 4,837 $ 7,527 $ 3,275 $ 1,326 $ 458 $ 7 $ 3,190 $ — $ 20,620 Special mention — — — — — — — — — Substandard — 15 — 10 — — — — 25 Doubtful — — — — — — — — — Total $ 4,837 $ 7,542 $ 3,275 $ 1,336 $ 458 $ 7 $ 3,190 $ — $ 20,645 Current period gross write offs $ 12 $ 57 $ — $ 14 $ — $ — $ — $ — $ 83 Total loans held-for-investment Pass $ 439,138 $ 621,555 $ 455,525 $ 184,838 $ 163,948 $ 227,280 $ 210,889 $ 8,123 $ 2,311,296 Special mention — — 484 379 314 2,979 1,000 — 5,156 Substandard — 467 193 10 2,707 3,623 — — 7,000 Doubtful — — — — — — — — — Total $ 439,138 $ 622,022 $ 456,202 $ 185,227 $ 166,969 $ 233,882 $ 211,889 $ 8,123 $ 2,323,452 Current period gross write offs $ 12 $ 57 $ — $ 14 $ — $ 49 $ — $ — $ 132 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 December 31, 2023 Commercial real estate: Commercial property $ 958 $ — $ — $ 958 $ — Business property 2,865 689 264 2,865 264 Total commercial real estate 3,823 689 264 3,823 264 Commercial and industrial 68 — — 68 — Consumer: Other consumer 25 25 — — — Total consumer 25 25 — — — Total $ 3,916 $ 714 $ 264 $ 3,891 $ 264
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 Other Total December 31, 2023 Commercial real estate: Commercial property $ 958 $ — $ — $ — $ — $ 958 Business property — 2,137 689 — 39 2,865 Total commercial real estate 958 2,137 689 — 39 3,823 Commercial and industrial 13 — — 55 — 68 Total $ 971 $ 2,137 $ 689 $ 55 $ 39 $ 3,891
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 December 31, 2023 Commercial real estate: Commercial property $ — $ — $ — $ — $ — $ 296 $ — $ 296 $ 296 Business property 560 — — 560 — 39 168 207 767 Total commercial real estate 560 — — 560 — 335 168 503 1,063 Commercial and industrial 217 — — 217 — — — — 217 Consumer: Residential mortgage 604 — — 604 — — — — 604 Other consumer 13 34 — 47 — 15 3 18 65 Total consumer 617 34 — 651 — 15 3 18 669 Total $ 1,394 $ 34 $ — $ 1,428 $ — $ 350 $ 171 $ 521 $ 1,949 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) Year Ended December 31, 2023 Consumer: Residential mortgage $ 15,741 Total consumer 15,741 Total $ 15,741 The following table presents a summary of purchases of loans held-for-investment for the periods indicated: Year Ended December 31, ($ in thousands) 2022 2021 Real estate loans: Residential property $ — $ 2,139 Total $ — $ 2,139
Loans Held-for-Sale	The following table presents a composition of loans held-for-sale as of the date indicated: ($ in thousands) December 31, 2023 Commercial real estate: Business property $ 2,802 Total commercial real estate 2,802 Commercial and industrial 2,353 Total $ 5,155 The following table presents a composition of loans held-for-sale as of the dates 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: Year Ended December 31, 2022 2021 ($ in thousands) Average Recorded Investment Interest Income Average Recorded Investment Interest Income Real estate loans: Commercial property $ 1,540 $ 21 $ 329 $ 22 Residential property 379 — — — SBA property 862 15 1,105 16 Commercial and industrial loans: Commercial term — — 10 — Commercial lines of credit 1,635 — — — SBA commercial term 126 — 364 1 Total $ 4,542 $ 36 $ 1,808 $ 39 The following table presents a summary of interest foregone on impaired loans for the periods indicated: Year Ended December 31, ($ in thousands) 2022 2021 Interest income that would have been recognized had impaired loans performed in accordance with their original terms $ 297 $ 99 Less: interest income recognized on impaired loans on a cash basis (36) (39) Interest income foregone on impaired loans $ 261 $ 60
Loans Held-for-Investment Transferred to Loans Held-for-Sale	The following table presents a summary of loans held-for-investment transferred to loans held-for-sale for the periods indicated: Year Ended December 31, ($ in thousands) 2022 2021 Real estate loans: Commercial property $ — $ 8,563 Residential property 458 189 Commercial and industrial loans: Commercial lines of credit 4,000 — Total $ 4,458 $ 8,752

Premises and Equipment (Tables)

Premises and Equipment (Tables)	12 Months Ended
	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Schedule of Premises and Equipment	The following table presents a composition of premises and equipment as of the dates indicated: December 31, ($ in thousands) 2023 2022 Leasehold improvements $ 10,424 $ 10,269 Furniture, fixtures and equipment 4,375 4,501 Computer equipment 3,359 3,304 Computer software 1,933 1,995 Total premises and equipment 20,091 20,069 Less: accumulated depreciation (14,092) (13,153) Premises and equipment, net $ 5,999 $ 6,916

Operating Leases (Tables)

Operating Leases (Tables)	12 Months Ended
	Dec. 31, 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: Year Ended December 31, ($ in thousands) 2023 2022 2021 Operating lease cost (1) $ 3,143 $ 2,752 $ 2,580 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases 3,297 2,960 2,760 Right-of-use assets obtained in exchange for lease obligations 15,317 2,150 1,459 (1) Included in Occupancy and Equipment on the Consolidated Statements of Income. December 31, ($ in thousands) 2023 2022 Operating leases: Operating lease assets $ 18,913 $ 6,358 Operating lease liabilities 20,137 6,809 Weighted-average remaining lease term 8.3 years 4.3 years Weighted-average discount rate 4.63 % 2.66 %
Maturities of Operating Lease Liabilities	The following table presents maturities of operating lease liabilities as of the date indicated: ($ in thousands) December 31, 2023 Maturities: 2024 $ 3,385 2025 3,301 2026 2,932 2027 2,543 2028 2,416 After 2028 10,695 Total lease payment 25,272 Imputed interest (5,135) Present value of operating lease liabilities $ 20,137

Servicing Assets (Tables)

Servicing Assets (Tables)	12 Months Ended
	Dec. 31, 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: December 31, 2023 2022 ($ in thousands) Residential Mortgage CRE SBA C&I SBA Total Residential Mortgage CRE SBA C&I SBA Total Carrying amount $ 49 $ 6,135 $ 482 $ 6,666 $ 64 $ 6,831 $ 452 $ 7,347 Fair value $ 104 $ 8,284 $ 728 $ 9,116 $ 118 $ 9,090 $ 620 $ 9,828 Discount rates 9.93 % 12.30 % 15.46 % 7.73 % 11.47 % 12.55 % Prepayment speeds 12.75 % 16.71 % 13.97 % 17.10 % 14.82 % 18.93 % Weighted average remaining life 19.8 years 21.0 years 7.1 years 20.8 years 21.4 years 6.7 years Underlying loans being serviced $ 10,666 $ 461,300 $ 60,265 $ 532,231 $ 13,058 $ 461,738 $ 56,299 $ 531,095
Schedule of Servicing Asset	The following table presents activity in servicing assets for the periods indicated: ($ in thousands) Residential Mortgage CRE SBA C&I SBA Total Balance at January 1, 2021 $ 109 $ 5,642 $ 649 $ 6,400 Additions — 2,769 109 2,878 Amortization (23) (1,710) (276) (2,009) Balance at December 31, 2021 86 6,701 482 7,269 Additions — 2,011 202 2,213 Amortization (22) (1,881) (232) (2,135) Balance at December 31, 2022 64 6,831 452 7,347 Additions — 983 219 1,202 Amortization (15) (1,679) (189) (1,883) Balance at December 31, 2023 $ 49 $ 6,135 $ 482 $ 6,666

Other Real Estate Owned (Tables

Other Real Estate Owned (Tables)	12 Months Ended
	Dec. 31, 2023
Real Estate Owned, Disclosure of Detailed Components [Abstract]
Other Real Estate Owned, Activity	The following table presents activity in OREO for the periods indicated: Year Ended December 31, ($ in thousands) 2023 2022 2021 Balance at beginning of year $ — $ — $ 1,401 Additions 2,558 808 1,960 Sales — (808) (3,361) Net change in valuation allowance — — — Balance at end of year $ 2,558 $ — $ —
Other Real Estate Owned, Valuation Allowance	The following table presents activity in OREO valuation allowance for the periods indicated: Year Ended December 31, ($ in thousands) 2023 2022 2021 Balance at beginning of year $ — $ — $ — Additions — — — Net direct write-downs and removal from sale — — — Balance at end of year $ — $ — $ —
Other Real Estate Owned, Expenses	The following table presents expenses related to OREO for the periods indicated: Year Ended December 31, ($ in thousands) 2023 2022 2021 Net (gain) loss on sales $ — $ 152 $ (73) Operating expenses, net of rental income — (13) 81 Total $ — $ 139 $ 8

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Dec. 31, 2023
Deposits [Abstract]
Scheduled Maturities of Time Deposits	The following table presents scheduled maturities of time deposits as of the date indicated: December 31, ($ in thousands) 2024 2025 2026 2027 2028 Thereafter Total Time deposits of $250,000 or less $ 757,592 $ 1,923 $ 333 $ 115 $ 71 $ — $ 760,034 Time deposits of more than $250,000 572,679 3,023 — — — — 575,702 Total time deposits $ 1,330,271 $ 4,946 $ 333 $ 115 $ 71 $ — $ 1,335,736

Federal Home Loan Bank Advanc_2

Federal Home Loan Bank Advances and Other Borrowings (Tables)	12 Months Ended
	Dec. 31, 2023
Advance from Federal Home Loan Bank [Abstract]
Schedule of Maturities of FHLB Advances and Financial Data	The following table presents scheduled maturities of FHLB advances as of the date indicated: December 31, ($ in thousands) 2024 2025 2026 2027 Thereafter Total Fixed Rate $ 39,000 $ — $ — $ — $ — $ 39,000 Variable Rate — — — — — — Total $ 39,000 $ — $ — $ — $ — $ 39,000 The following table presents financial data of FHLB advances as of the dates or for the periods indicated: As of or For the Year Ended December 31, ($ in thousands) 2023 2022 2021 Weighted-average interest rate at end of year 5.63 % 4.65 % 2.07 % Average interest rate during the year 5.51 % 2.18 % 0.97 % Average balance $ 8,189 $ 5,556 $ 30,096 Maximum amount outstanding at any month-end $ 39,000 $ 20,000 $ 80,000 Balance at end of year $ 39,000 $ 20,000 $ 10,000

Share-Based Compensation (Table

Share-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]
Summary of Share-Based Compensation Expense	The following table presents share-based compensation expense and the related tax benefits for the periods indicated: Year Ended December 31, ($ in thousands) 2023 2022 2021 Share-based compensation expense related to: Stock options $ 143 $ 168 $ 187 Restricted stock awards 345 371 266 Total share-based compensation expense $ 488 $ 539 $ 453 Related tax benefits $ 112 $ 113 $ 84 The following table presents unrecognized share-based compensation expense as of the date indicated: December 31, 2023 ($ in thousands) Unrecognized Expense Weighted-Average Remaining Expected Recognition Period Unrecognized share-based compensation expense related to: Stock options $ 784 2.9 years Restricted stock awards 461 2.6 years Total unrecognized share-based compensation expense $ 1,245 2.8 years
Weighted-Average Assumptions of Stock Options	The following table presents the weighted-average assumptions used to determine the fair value of options granted for the periods indicated: Year Ended December 31, 2023 2022 2021 Risk-free interest rate 4.92 % 1.55 % 1.13 % Expected term 6.04 years 6.50 years 6.71 years Expected stock price volatility 28.76 % 27.66 % 27.54 % Dividend yield 4.79 % 2.30 % 2.64 %
Summary of Stock Options	The following table presents information related to the stock option plan for the periods indicated: Year Ended December 31, ($ in thousands, except per share data) 2023 2022 2021 Intrinsic value of options exercised $ 883 $ 1,225 $ 794 Cash received from options exercised $ 1,350 $ 840 $ 1,279 Tax benefit from options exercised $ 103 $ 46 $ 60 Weighted-average estimated fair value per share of options granted $ 3.14 $ 5.03 $ 3.76 The following table represents stock option activity as of and for the period indicated: Year Ended December 31, 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 year 566,637 $ 12.49 4.08 years $ 2,946 Granted 208,000 $ 15.04 10.00 years Exercised (144,922) $ 9.31 1.92 years Forfeited (15,000) $ 20.96 2.18 years Balance at end of year 614,715 $ 13.90 5.68 years $ 2,788 Exercisable at end of year 345,715 $ 12.36 2.83 years $ 2,087 The following table represents information regarding unvested stock options for the period indicated: Year Ended December 31, 2023 Number of Shares Weighted-Average Exercise Price Per Share Outstanding at beginning of year 94,000 $ 18.95 Granted 208,000 $ 15.04 Vested (23,000) $ 18.64 Forfeited (8,000) $ 23.24 Balance at end of year 271,000 $ 15.85
Summary of Restricted Stock Awards	The following table represents RSAs activity for the year ended December 31, 2023: Year Ended December 31, 2023 Number of Shares Weighted-Average Grant Date Fair Value Per Share Outstanding at beginning of period 62,022 $ 16.59 Granted 3,300 $ 15.80 Vested (23,161) $ 14.77 Forfeited (500) $ 17.06 Outstanding at end of period 41,661 $ 17.53

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	The following table presents the components of income tax expense for the periods indicated: Year Ended December 31, ($ in thousands) 2023 2022 2021 Current: Federal $ 5,506 $ 769 $ 12,117 State 2,948 1,475 6,692 Total current income tax expense 8,454 2,244 18,809 Deferred: Federal 2,489 8,434 (1,428) State 1,614 3,738 (525) Total deferred income tax expense (benefit) 4,103 12,172 (1,953) Total $ 12,557 $ 14,416 $ 16,856
Schedule of Effective Income Tax Rate Reconciliation	The following table presents a reconciliation of the recorded income tax expense to the amount of taxes computed by applying the applicable statutory Federal income tax rate for the periods indicated: Year Ended December 31, 2023 2022 2021 Statutory federal tax rate 21.00 % 21.00 % 21.00 % State and local income taxes, net of federal tax benefit 8.33 % 8.34 % 8.55 % Share-based compensation 0.05 % 0.07 % 0.05 % Bank-owned life insurance (0.36) % (0.30) % (0.04) % Other items, net 0.01 % 0.07 % 0.03 % Effective income tax rate 29.03 % 29.18 % 29.59 %
Schedule of Deferred Tax Assets and Liabilities	The following table presents the components of the net deferred tax assets recognized in the accompanying consolidated balance sheets as of the dates indicated: December 31, ($ in thousands) 2023 2022 Deferred tax assets: ACL on loans $ 8,105 $ 7,359 Share-based compensation 199 298 Unrealized loss on investment securities 3,783 4,459 Operating lease liabilities 5,928 2,009 State tax benefit 617 322 Other 931 511 Total deferred tax assets 19,563 14,958 Deferred tax liabilities: Loans held-for-sale market adjustment Depreciation on premises and equipment 843 1,051 Loans held-for-sale market adjustment 13,872 8,745 Deferred loan origination costs 75 98 Operating lease assets 5,567 1,876 Other 82 73 Total deferred tax liabilities 20,439 11,843 Deferred tax assets, net $ (876) $ 3,115

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2023
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following is a reconciliation of net income and shares outstanding to the income and number of shares used to compute earnings per share for the periods indicated: Year Ended December 31, ($ in thousands, except per share) 2023 2022 2021 Basic earnings per share: Net income $ 30,705 $ 34,987 $ 40,103 Less: income allocated to unvested restricted stock (95) (157) (156) Net income allocated to common stock $ 30,610 $ 34,830 $ 39,947 Weighted-average total common shares outstanding 14,345,860 14,888,633 15,076,183 Less: weighted-average unvested restricted stock (44,169) (66,615) (58,546) Weighted-average common shares outstanding, basic 14,301,691 14,822,018 15,017,637 Basic earnings per share $ 2.14 $ 2.35 $ 2.66 Diluted earnings per share: Net income allocated to common stock $ 30,610 $ 34,830 $ 39,947 Weighted-average commons shares outstanding 14,301,691 14,822,018 15,017,637 Diluted effect of stock options 116,247 243,157 236,183 Diluted weighted-average common shares outstanding 14,417,938 15,065,175 15,253,820 Diluted earnings per share $ 2.12 $ 2.31 $ 2.62

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Schedule of Outstanding Financial Commitments	The following table presents outstanding financial commitments whose contractual amount represents credit risk as of the dates indicated: December 31, 2023 2022 ($ in thousands) Fixed Rate Variable Rate Fixed Rate Variable Rate Unused lines of credit $ 2,808 $ 347,652 $ 3,117 $ 251,178 Unfunded loan commitments 4,020 47,038 692 38,486 Standby letters of credit 4,638 1,786 2,989 1,901 Commercial letters of credit — 160 — 502 Total $ 11,466 $ 396,636 $ 6,798 $ 292,067

Regulatory Matters (Tables)

Regulatory Matters (Tables)	12 Months Ended
	Dec. 31, 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 the dates indicated: Actual Minimum Capital Requirement To Be Well Capitalized Under Prompt Corrective Provisions ($ in thousands) Amount Ratio Amount Ratio Amount Ratio December 31, 2023 PCB Bancorp Common tier 1 capital (to risk-weighted assets) $ 288,174 12.23 % $ 106,043 4.5 % N/A N/A Total capital (to risk-weighted assets) 386,125 16.39 % 188,521 8.0 % N/A N/A Tier 1 capital (to risk-weighted assets) 357,315 15.16 % 141,391 6.0 % N/A N/A Tier 1 capital (to average assets) 357,315 13.43 % 106,423 4.0 % N/A N/A PCB Bank Common tier 1 capital (to risk-weighted assets) $ 350,038 14.85 % $ 106,081 4.5 % $ 153,228 6.5 % Total capital (to risk-weighted assets) 378,849 16.07 % 188,588 8.0 % 235,735 10.0 % Tier 1 capital (to risk-weighted assets) 350,038 14.85 % 141,441 6.0 % 188,588 8.0 % Tier 1 capital (to average assets) 350,038 13.16 % 106,421 4.0 % 133,026 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)	12 Months Ended
	Dec. 31, 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 for the periods indicated: Year Ended December 31, ($ in thousands) 2023 2022 2021 Noninterest income in-scope of Topic 606 Service charges and fees on deposits: Monthly service fees $ 107 $ 90 $ 81 Account analysis fees 951 936 885 Non-sufficient funds charges 328 221 165 Other deposit related fees 89 79 64 Total service charges and fees on deposits 1,475 1,326 1,195 Debit card fees 339 335 306 Gain (loss) on sale of other real estate owned — 152 74 Wire transfer fees 625 643 596 Other service charges 211 186 198 Total $ 2,650 $ 2,642 $ 2,369

Condensed Financial Statement_2

Condensed Financial Statements for Parent Company (Tables)	12 Months Ended
	Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract]
Condensed Balance Sheets	The parent company’s condensed statements of financial condition as of December 31, 2023 and 2022, and the related condensed statements of income and comprehensive income, and condensed statements of cash flows for the years ended December 31, 2023, 2022, and 2021 are presented below: Condensed Balance Sheets December 31, ($ in thousands) 2023 2022 Assets Cash $ 7,297 $ 6,549 Investment in subsidiary 341,595 328,832 Other assets 56 61 Total assets $ 348,948 $ 335,442 Liabilities and Shareholders’ Equity Other liabilities $ 76 $ — Total liabilities 76 — Total shareholders’ equity 348,872 335,442 Total liabilities and shareholders’ equity $ 348,948 $ 335,442
Condensed Statements of Income and Comprehensive Income	Condensed Statements of Income and Comprehensive Income Year Ended December 31, ($ in thousands) 2023 2022 2021 Income: Dividends from subsidiary $ 18,846 $ 16,597 $ 18,375 Other income 6 — — Total income 18,852 16,597 18,375 Expense: Other expense 1,014 912 753 Total expense 1,014 912 753 Income before taxes and equity in undistributed subsidiary income 17,838 15,685 17,622 Income tax benefit (293) (265) (223) Income before equity in undistributed subsidiary income 18,131 15,950 17,845 Equity in undistributed subsidiary income 12,574 19,037 22,258 Net income 30,705 34,987 40,103 Other comprehensive income (loss), net of tax 1,587 (10,665) (1,802) Comprehensive income $ 32,292 $ 24,322 $ 38,301
Condensed Statements of Cash Flows	Condensed Statements of Cash Flows Year Ended December 31, ($ in thousands) 2023 2022 2021 Cash flows from operating activities Net income $ 30,705 $ 34,987 $ 40,103 Adjustments to reconcile net income to net cash provided by operating activities: Equity in undistributed subsidiary income (12,574) (19,037) (22,258) Change in other assets 5 (6) (11) Net cash provided by operating activities 18,136 15,944 17,834 Cash flows from investing activities: Capital contribution to subsidiary — (69,141) — Net cash used in investing activities — (69,141) — Cash flows from financing activities: Issuance of preferred stock — 69,141 — Stock options exercised 1,350 840 1,279 Restricted stock surrendered due to employee tax liability (2) (8) (4) Repurchase of common stock (8,828) (6,732) (10,876) Cash dividends paid on common stock (9,908) (8,946) (6,655) Net cash used in financing activities (17,388) 54,295 (16,256) Net increase in cash and cash equivalents 748 1,098 1,578 Cash and cash equivalents at beginning of year 6,549 5,451 3,873 Cash and cash equivalents at end of year $ 7,297 $ 6,549 $ 5,451

Basis of Presentation and Sig_4

Basis of Presentation and Significant Accounting Policies - Narrative (Details)		12 Months Ended
	Dec. 31, 2022 USD ($) loanSegment	Dec. 31, 2023 USD ($) branch office segment	Dec. 31, 2022 USD ($) loanSegment	Dec. 31, 2021 USD ($)	Jan. 01, 2023 USD ($)
Product Information [Line Items]
Number of operating segments | segment		1
Reserve and clearing required balance	$ 0	$ 0	$ 0
Interest on loans held-for-investment, threshold period past due		90 days
General reserves, historical loss look-back period		11 years
Qualified affordable housing project investment	4,300,000	$ 3,800,000	4,300,000
Unfunded commitments	2,900,000	2,900,000	2,900,000
Amortization expense recognized on qualified affordable housing projects		451,000	343,000	$ 247,000
Federal tax credits and other benefits		674,000	336,000	$ 299,000
Impairment of qualified affordable housing projects		0	0
Net decrease in retained earnings	(127,181,000)	(146,092,000)	(127,181,000)		$ (127,181,000)
Adjustment to allowance for credit losses on loans	2,021,121,000	2,295,919,000	2,021,121,000
Adjustment to the allowance for credit losses on off-balance sheet credit exposures					299,000
Deferred tax assets arising from temporary differences	$ 3,115,000	$ 0	$ 3,115,000		3,115,000
Number of loan segments before adoption of ASC 326 | loanSegment	4		4
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]
Net decrease in retained earnings					1,886,000
Adjustment to allowance for credit losses on loans					1,100,000
Adjustment to the allowance for credit losses on off-balance sheet credit exposures					1,607,000
Deferred tax assets arising from temporary differences					$ 788,000
Minimum
Product Information [Line Items]
Lease renewal term		1 year
Minimum | Furniture, fixtures and equipment
Product Information [Line Items]
Estimated useful lives of premises and equipment		3 years
Maximum
Product Information [Line Items]
Lease renewal term		5 years
Maximum | Furniture, fixtures and equipment
Product Information [Line Items]
Estimated useful lives of premises and equipment		7 years
Closed Loans
Product Information [Line Items]
Charge-off time period		120 days
Open Loans
Product Information [Line Items]
Charge-off time period		180 days
Commercial property | Financing Receivable, Excluding Accrued Interest | Loans Held-for-Investment Concentration Risk | Commercial real estate
Product Information [Line Items]
Concentration risk percentage	63%
SBA property | Financing Receivable, Excluding Accrued Interest | Loans Held-for-Investment Concentration Risk | Commercial real estate
Product Information [Line Items]
Concentration risk percentage	6.60%
California
Product Information [Line Items]
Number of full-service branches | branch		11
Number of loan production offices | office		7
California | Minimum
Product Information [Line Items]
Total assets of peer group		$ 1,000,000,000
California | Maximum
Product Information [Line Items]
Total assets of peer group		$ 5,000,000,000
New Jersey and 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	Dec. 31, 2023		Jan. 01, 2023	Dec. 31, 2022		Dec. 31, 2021	Dec. 31, 2020
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Total ACL on loans	$ 27,533	[1]	$ 24,942	$ 24,942	[1]	$ 22,381	$ 26,510
Deferred tax assets	0		3,115	3,115
ACL on off-balance sheet credit exposures			299
Retained earnings	$ 146,092		127,181	127,181
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)
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
Commercial real estate
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Total ACL on loans			15,536
Commercial real estate | Impact of ASC 326 Adoption
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Total ACL on loans			(610)
Commercial real estate | As Reported Under ASC 326
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Total ACL on loans			14,926
Commercial and Industrial
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Total ACL on loans			5,502
Commercial and Industrial | Impact of ASC 326 Adoption
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Total ACL on loans			4,344
Commercial and Industrial | As Reported Under ASC 326
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Total ACL on loans			9,846
Consumer
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Total ACL on loans			3,904
Consumer | Impact of ASC 326 Adoption
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Total ACL on loans			(2,667)
Consumer | As Reported Under ASC 326
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Total ACL on loans			$ 1,237
[1]Allowance for credit losses on loans at December 31, 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	Dec. 31, 2023		Jan. 01, 2023	Dec. 31, 2022		Dec. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held-for-investment	$ 2,323,452		$ 2,046,063	$ 2,046,063
Total ACL	27,533	[1]	24,942	24,942	[1]	$ 22,381	$ 26,510
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	1,571,385			1,774,064
Total ACL				19,227		16,797	18,894
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	855,270
Total ACL	12,665			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	558,772
Total ACL	4,739			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	132,500
Total ACL	1,441			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	24,843		17,054	17,054
Total ACL	135		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	342,002		249,250	249,250
Total ACL	6,245		5,502	5,502		5,310	7,222
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	410,065			22,749
Total ACL				213		$ 274	$ 394
Consumer | As Reported Under ASC 326
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held-for-investment			356,475
Consumer | Residential Mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held-for-investment	389,420		333,726	333,726
Total ACL	2,226		3,691	3,691
Consumer | Residential Mortgage | Impact of ASC 326 Adoption
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total ACL			(2,534)	(2,534)
Consumer | Residential Mortgage | 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	20,645		22,749	22,749
Total ACL	$ 82		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 December 31, 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	Dec. 31, 2023	Dec. 31, 2022
Securities available-for-sale:
Securities available-for-sale	$ 143,323	$ 141,863
Mortgage-backed securities
Securities available-for-sale:
Securities available-for-sale	104,091	96,900
Collateralized mortgage obligations
Securities available-for-sale:
Securities available-for-sale	24,173	26,956
SBA loan pool securities
Securities available-for-sale:
Securities available-for-sale	7,450	9,298
Municipal bonds
Securities available-for-sale:
Securities available-for-sale	3,329	4,186
Corporate bonds
Securities available-for-sale:
Securities available-for-sale	4,280	4,523
Recurring
Securities available-for-sale:
Securities available-for-sale	143,323	141,863
Total assets measured at fair value	143,323	141,863
Total liabilities measured at fair value on a recurring basis	0	0
Recurring | Mortgage-backed securities
Securities available-for-sale:
Securities available-for-sale	104,091	96,900
Recurring | Collateralized mortgage obligations
Securities available-for-sale:
Securities available-for-sale	24,173	26,956
Recurring | SBA loan pool securities
Securities available-for-sale:
Securities available-for-sale	7,450	9,298
Recurring | Municipal bonds
Securities available-for-sale:
Securities available-for-sale	3,329	4,186
Recurring | Corporate bonds
Securities available-for-sale:
Securities available-for-sale	4,280	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 | Mortgage-backed securities
Securities available-for-sale:
Securities available-for-sale	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring | 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	143,323	141,863
Total assets measured at fair value	143,323	141,863
Total liabilities measured at fair value on a recurring basis	0	0
Significant Other Observable Inputs (Level 2) | Recurring | Mortgage-backed securities
Securities available-for-sale:
Securities available-for-sale	104,091	96,900
Significant Other Observable Inputs (Level 2) | Recurring | Collateralized mortgage obligations
Securities available-for-sale:
Securities available-for-sale	24,173	26,956
Significant Other Observable Inputs (Level 2) | Recurring | SBA loan pool securities
Securities available-for-sale:
Securities available-for-sale	7,450	9,298
Significant Other Observable Inputs (Level 2) | Recurring | Municipal bonds
Securities available-for-sale:
Securities available-for-sale	3,329	4,186
Significant Other Observable Inputs (Level 2) | Recurring | Corporate bonds
Securities available-for-sale:
Securities available-for-sale	4,280	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 | Mortgage-backed securities
Securities available-for-sale:
Securities available-for-sale	0	0
Significant Unobservable Inputs (Level 3) | Recurring | 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	Dec. 31, 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	$ 425
Total impaired loans		4,000
Total assets measured at fair value	425	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	425
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	425
Total impaired loans		4,000
Total assets measured at fair value	425	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	$ 425
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	Dec. 31, 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	$ 425
Total impaired loans		4,000
Nonrecurring | Business Property
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total loans individually evaluated	425
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	425
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	$ 425
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	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net gain (losses) recognized	$ 810	$ (922)	$ 196
Commercial and Industrial
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net gain (losses) recognized	1,074	(1,074)	131
Business Property
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net gain (losses) recognized	(264)
SBA property
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net gain (losses) recognized		0	(8)
Other real estate owned
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net gain (losses) recognized	$ 0	$ 152	$ 73

Fair Value Measurements - Fair

Fair Value Measurements - Fair Values of Financial Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Financial assets:
Securities available-for-sale	$ 143,323	$ 141,863
Carrying Value
Financial assets:
Interest-bearing deposits in other financial institutions	215,824	123,829
Securities available-for-sale	143,323	141,863
Loans held-for-sale	5,155	22,811
Net loans held-for-investment	2,295,919	2,021,121
FHLB and other restricted stock	12,716	10,183
Accrued interest receivable	9,468	7,472
Financial liabilities:
Deposits	2,351,612	2,045,983
FHLB advances	39,000	20,000
Accrued interest payable	18,052	3,159
Fair Value
Financial assets:
Interest-bearing deposits in other financial institutions	215,824	123,829
Securities available-for-sale	143,323	141,863
Loans held-for-sale	5,472	23,992
Net loans held-for-investment	2,225,573	1,970,235
Accrued interest receivable	9,468	7,472
Financial liabilities:
Deposits	2,353,465	2,041,667
FHLB advances	39,013	20,001
Accrued interest payable	18,052	3,159
Fair Value | Level 1
Financial assets:
Interest-bearing deposits in other financial institutions	215,824	123,829
Securities available-for-sale	0	0
Loans held-for-sale	0	0
Net loans held-for-investment	0	0
Accrued interest receivable	128	49
Financial liabilities:
Deposits	0	0
FHLB advances	0	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	143,323	141,863
Loans held-for-sale	5,472	23,992
Net loans held-for-investment	0	0
Accrued interest receivable	513	475
Financial liabilities:
Deposits	0	0
FHLB advances	39,013	20,001
Accrued interest payable	192	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	2,225,573	1,970,235
Accrued interest receivable	8,827	6,948
Financial liabilities:
Deposits	2,353,465	2,041,667
FHLB advances	0	0
Accrued interest payable	$ 17,860	$ 3,154

Investment Securities - Summary

Investment Securities - Summary of Debt and Equity Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Securities available-for-sale:
Amortized Cost	$ 156,175	$ 156,978
Gross Unrealized Gain	290	118
Gross Unrealized Loss	(13,142)	(15,233)
Fair Value	143,323	141,863
Mortgage-backed securities
Securities available-for-sale:
Amortized Cost	114,485	109,497
Gross Unrealized Gain	199	1
Gross Unrealized Loss	(10,593)	(12,598)
Fair Value	104,091	96,900
Collateralized mortgage obligations
Securities available-for-sale:
Amortized Cost	25,611	28,515
Gross Unrealized Gain	63	107
Gross Unrealized Loss	(1,501)	(1,666)
Fair Value	24,173	26,956
SBA loan pool securities
Securities available-for-sale:
Amortized Cost	7,773	9,704
Gross Unrealized Gain	3	8
Gross Unrealized Loss	(326)	(414)
Fair Value	7,450	9,298
Municipal bonds
Securities available-for-sale:
Amortized Cost	3,306	4,262
Gross Unrealized Gain	25	2
Gross Unrealized Loss	(2)	(78)
Fair Value	3,329	4,186
Corporate bonds
Securities available-for-sale:
Amortized Cost	5,000	5,000
Gross Unrealized Gain	0	0
Gross Unrealized Loss	(720)	(477)
Fair Value	$ 4,280	$ 4,523

Investment Securities - Narrati

Investment Securities - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Marketable Securities [Line Items]
Securities available-for-sale	$ 143,323	$ 141,863
Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]	Accrued interest receivable	Accrued interest receivable
Accrued interest on securities available-for-sale	$ 513	$ 475
Allowance for credit loss on available-for-sale securities	$ 0
Debt Securities, Available-for-Sale, Excluding Accrued Interest | Investment Securities Concentration Risk | Issued By US Government Agency and US Government Sponsored Enterprise
Marketable Securities [Line Items]
Concentration risk percentage	94.70%
Asset Pledged as Collateral
Marketable Securities [Line Items]
Securities available-for-sale	$ 70,900	$ 69,000

Investment Securities - Summa_2

Investment Securities - Summary of Contractual Maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Amortized Cost
Within one year	$ 864
One to five years	82
Five to ten years	5,724
Greater than ten years	1,636
Mortgage-backed securities, collateralized mortgage obligations and SBA loan pool securities	147,869
Amortized Cost	156,175	$ 156,978
Fair Value
Within one year	862
One to five years	81
Five to ten years	5,010
Greater than ten years	1,656
Mortgage-backed securities, collateralized mortgage obligations and SBA loan pool securities	135,714
Fair Value	$ 143,323	$ 141,863

Investment Securities - Summa_3

Investment Securities - Summary of Gains (Losses) on Available-for-sale Securities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Gross realized gains on sales and calls of securities available-for-sale	$ 0	$ 0	$ 0
Gross realized losses on sales and calls of securities available-for-sale	0	0	0
Net realized gains on sales and calls of securities available-for-sale	0	0	0
Proceeds from sales and calls of securities available-for-sale	0	1,040	0
Tax expense on sales and calls of securities available-for-sale	$ 0	$ 0	$ 0

Investment Securities - Summa_4

Investment Securities - Summary of Individual Securities in Continuous Unrealized Loss Position (Details) $ in Thousands	Dec. 31, 2023 USD ($) security	Dec. 31, 2022 USD ($) security
Securities available-for-sale:
Less Than 12 Months, Fair Value	$ 14,993	$ 82,769
Less Than 12 Months, Gross Unrealized Losses	$ (103)	$ (5,792)
Less Than 12 Months, Number of Securities | security	13	136
12 months or Longer, Fair Value	$ 104,146	$ 44,780
12 months or Longer, Gross Unrealized Losses	$ (13,040)	$ (9,441)
12 months or Longer, Number of Securities | security	161	45
Total, Fair Value	$ 119,139	$ 127,549
Total, Gross Unrealized Losses	$ (13,142)	$ (15,233)
Total, Number of Securities | security	174	181
Mortgage-backed securities
Securities available-for-sale:
Less Than 12 Months, Fair Value	$ 9,252	$ 55,171
Less Than 12 Months, Gross Unrealized Losses	$ (41)	$ (3,721)
Less Than 12 Months, Number of Securities | security	8	83
12 months or Longer, Fair Value	$ 78,958	$ 41,697
12 months or Longer, Gross Unrealized Losses	$ (10,552)	$ (8,877)
12 months or Longer, Number of Securities | security	110	36
Total, Fair Value	$ 88,210	$ 96,868
Total, Gross Unrealized Losses	$ (10,593)	$ (12,598)
Total, Number of Securities | security	118	119
Collateralized mortgage obligations
Securities available-for-sale:
Less Than 12 Months, Fair Value	$ 5,660	$ 12,600
Less Than 12 Months, Gross Unrealized Losses	$ (62)	$ (1,191)
Less Than 12 Months, Number of Securities | security	4	29
12 months or Longer, Fair Value	$ 13,919	$ 2,262
12 months or Longer, Gross Unrealized Losses	$ (1,439)	$ (475)
12 months or Longer, Number of Securities | security	35	7
Total, Fair Value	$ 19,579	$ 14,862
Total, Gross Unrealized Losses	$ (1,501)	$ (1,666)
Total, Number of Securities | security	39	36
SBA loan pool securities
Securities available-for-sale:
Less Than 12 Months, Fair Value	$ 0	$ 7,161
Less Than 12 Months, Gross Unrealized Losses	$ 0	$ (325)
Less Than 12 Months, Number of Securities | security	0	12
12 months or Longer, Fair Value	$ 6,627	$ 821
12 months or Longer, Gross Unrealized Losses	$ (326)	$ (89)
12 months or Longer, Number of Securities | security	14	2
Total, Fair Value	$ 6,627	$ 7,982
Total, Gross Unrealized Losses	$ (326)	$ (414)
Total, Number of Securities | security	14	14
Municipal bonds
Securities available-for-sale:
Less Than 12 Months, Fair Value	$ 81	$ 3,314
Less Than 12 Months, Gross Unrealized Losses	$ 0	$ (78)
Less Than 12 Months, Number of Securities | security	1	11
12 months or Longer, Fair Value	$ 362	$ 0
12 months or Longer, Gross Unrealized Losses	$ (2)	$ 0
12 months or Longer, Number of Securities | security	1	0
Total, Fair Value	$ 443	$ 3,314
Total, Gross Unrealized Losses	$ (2)	$ (78)
Total, Number of Securities | security	2	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	$ 4,280	$ 0
12 months or Longer, Gross Unrealized Losses	$ (720)	$ 0
12 months or Longer, Number of Securities | security	1	0
Total, Fair Value	$ 4,280	$ 4,523
Total, Gross Unrealized Losses	$ (720)	$ (477)
Total, Number of Securities | security	1	1

Loans and Allowance for Credi_3

Loans and Allowance for Credit Losses - Loans Held-For-Investment (Details) - USD ($) $ in Thousands	Dec. 31, 2023		Jan. 01, 2023	Dec. 31, 2022		Dec. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	$ 2,323,452		$ 2,046,063	$ 2,046,063
Allowance for credit losses on loans	(27,533)	[1]	(24,942)	(24,942)	[1]	$ (22,381)	$ (26,510)
Net loans held-for-investment	2,295,919			2,021,121
Officers and Directors
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	111			113
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
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	1,571,385			1,774,064
Allowance for credit losses on loans				(19,227)		(16,797)	(18,894)
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	855,270
Allowance for credit losses on loans	(12,665)			(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	558,772
Allowance for credit losses on loans	(4,739)			(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	132,500
Allowance for credit losses on loans	(1,441)			(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	24,843		17,054	17,054
Allowance for credit losses on loans	(135)		(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	342,002		249,250	249,250
Allowance for credit losses on loans	(6,245)		(5,502)	(5,502)		(5,310)	(7,222)
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	410,065			22,749
Allowance for credit losses on loans				(213)		$ (274)	$ (394)
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	389,420		333,726	333,726
Allowance for credit losses on loans	(2,226)		(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	20,645		22,749	22,749
Allowance for credit losses on loans	$ (82)		(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 December 31, 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 - Allowance for Credit Losses on Loans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021		Jan. 01, 2023
Financing Receivable, Allowance for Credit Loss [Line Items]
Provision for credit losses on loans	$ 497		$ 3,602		$ (4,596)
Reversal for credit losses on off-balance sheet credit exposures	(629)
Total reversal for credit losses	(132)	[1]	3,602	[2]	(4,596)	[2]
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	24,942	[3]	22,381		26,510
Charge-offs	(132)		(1,199)		(227)
Recoveries	1,159		158		694
Provision (reversal) for credit losses on loans	497		3,602		(4,596)
Ending balance	27,533	[3]	24,942	[3]	22,381
Allowance for loan losses:
Individually evaluated for impairment			0
Collectively evaluated for impairment			24,942
Total	27,533	[3]	24,942	[3]	22,381		$ 24,942
Loans receivable:
Individually evaluated for impairment			3,889
Collectively evaluated for impairment			2,042,174
Total	2,323,452		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
Ending balance			1,067
Allowance for loan losses:
Total			1,067				1,067
Commercial real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Provision for credit losses on loans			2,430		(2,136)
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	19,227		16,797		18,894
Charge-offs			0		(24)
Recoveries			0		63
Provision (reversal) for credit losses on loans			2,430		(2,136)
Ending balance			19,227		16,797
Allowance for loan losses:
Individually evaluated for impairment			0
Collectively evaluated for impairment			19,227
Total			19,227		16,797
Loans receivable:
Individually evaluated for impairment			3,889
Collectively evaluated for impairment			1,770,175
Total	1,571,385		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 for credit losses on loans	5,925
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	8,502
Charge-offs	0
Recoveries	0
Provision (reversal) for credit losses on loans	5,925
Ending balance	12,665		8,502
Allowance for loan losses:
Total	12,665		8,502
Loans receivable:
Total	855,270
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)
Ending 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 for credit losses on loans	(1,911)
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	5,749
Charge-offs	(4)
Recoveries	9
Provision (reversal) for credit losses on loans	(1,911)
Ending balance	4,739		5,749
Allowance for loan losses:
Total	4,739		5,749
Loans receivable:
Total	558,772
Commercial real estate | Business Property | Impact of ASC 326 Adoption
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	896
Ending balance			896
Allowance for loan losses:
Total			896				896
Commercial real estate | Multifamily
Financing Receivable, Allowance for Credit Loss [Line Items]
Provision for credit losses on loans	51
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	1,134
Charge-offs	0
Recoveries	0
Provision (reversal) for credit losses on loans	51
Ending balance	1,441		1,134
Allowance for loan losses:
Total	1,441		1,134
Loans receivable:
Total	132,500
Commercial real estate | Multifamily | Impact of ASC 326 Adoption
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	256
Ending balance			256
Allowance for loan losses:
Total			256				256
Commercial real estate | Construction
Financing Receivable, Allowance for Credit Loss [Line Items]
Provision for credit losses on loans	(16)
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	151
Charge-offs	0
Recoveries	0
Provision (reversal) for credit losses on loans	(16)
Ending balance	135		151
Allowance for loan losses:
Total	135		151				151
Loans receivable:
Total	24,843		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
Ending balance			0
Allowance for loan losses:
Total			0				0
Commercial and Industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Provision for credit losses on loans	(4,663)		1,226		(2,362)
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	5,502		5,310		7,222
Charge-offs	(45)		(1,095)		(115)
Recoveries	1,107		61		565
Provision (reversal) for credit losses on loans	(4,663)		1,226		(2,362)
Ending balance	6,245		5,502		5,310
Allowance for loan losses:
Individually evaluated for impairment			0
Collectively evaluated for impairment			5,502
Total	6,245		5,502		5,310		5,502
Loans receivable:
Individually evaluated for impairment			0
Collectively evaluated for impairment			249,250
Total	342,002		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
Ending balance			4,344
Allowance for loan losses:
Total			4,344				4,344
Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Provision for credit losses on loans			(54)		(98)
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	213		274		394
Charge-offs			(104)		(88)
Recoveries			97		66
Provision (reversal) for credit losses on loans			(54)		(98)
Ending balance			213		274
Allowance for loan losses:
Individually evaluated for impairment			0
Collectively evaluated for impairment			213
Total			213		$ 274
Loans receivable:
Individually evaluated for impairment			0
Collectively evaluated for impairment			22,749
Total	410,065		22,749
Consumer | Residential Mortgage
Financing Receivable, Allowance for Credit Loss [Line Items]
Provision for credit losses on loans	1,069
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	3,691
Charge-offs	0
Recoveries	0
Provision (reversal) for credit losses on loans	1,069
Ending balance	2,226		3,691
Allowance for loan losses:
Total	2,226		3,691				3,691
Loans receivable:
Total	389,420		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)
Ending balance			(2,534)
Allowance for loan losses:
Total			(2,534)				(2,534)
Consumer | Other Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Provision for credit losses on loans	42
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	213
Charge-offs	(83)
Recoveries	43
Provision (reversal) for credit losses on loans	42
Ending balance	82		213
Allowance for loan losses:
Total	82		213				213
Loans receivable:
Total	20,645		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)
Ending balance			(133)
Allowance for loan losses:
Total			$ (133)				$ (133)
[1]Provision (reversal) for credit losses for the year ended December 31, 2023 is presented under ASC 326, while prior period comparisons continue to be presented under legacy ASC 450 and ASC 310.[2]Provision (reversal) for credit losses for the year ended December 31, 2023 is presented under ASC 326, while prior period comparisons continue to be presented under legacy ASC 450 and ASC 310.[3]Allowance for credit losses on loans at December 31, 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 - Credit Quality Indicators (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Jan. 01, 2023
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	$ 439,138
Year one, originated current fiscal year, writeoff	12
Year two, originated one year before current fiscal year	622,022
Year two, originated one year before current fiscal year, writeoff	57
Year three, originated two years before current fiscal year	456,202
Year three, originated two years before current fiscal year, writeoff	0
Year four, originated three years before current fiscal year	185,227
Year four, originated three years before current fiscal year, writeoff	14
Year five, originated four years before current fiscal year	166,969
Year five, originated four years before current fiscal year, writeoff	0
Prior	233,882
Prior, writeoff	49
Revolving Loans	211,889
Revolving Loans, writeoff	0
Revolving Loans Converted to Term	8,123
Revolving Loans Converted to Term, writeoff	0
Total	2,323,452	$ 2,046,063		$ 2,046,063
Current period gross write offs	132	1,199	$ 227
Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	439,138
Year two, originated one year before current fiscal year	621,555
Year three, originated two years before current fiscal year	455,525
Year four, originated three years before current fiscal year	184,838
Year five, originated four years before current fiscal year	163,948
Prior	227,280
Revolving Loans	210,889
Revolving Loans Converted to Term	8,123
Total	2,311,296	2,032,995
Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	0
Year two, originated one year before current fiscal year	0
Year three, originated two years before current fiscal year	484
Year four, originated three years before current fiscal year	379
Year five, originated four years before current fiscal year	314
Prior	2,979
Revolving Loans	1,000
Revolving Loans Converted to Term	0
Total	5,156	6,857
Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	0
Year two, originated one year before current fiscal year	467
Year three, originated two years before current fiscal year	193
Year four, originated three years before current fiscal year	10
Year five, originated four years before current fiscal year	2,707
Prior	3,623
Revolving Loans	0
Revolving Loans Converted to Term	0
Total	7,000	6,211
Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	0
Year two, originated one year before current fiscal year	0
Year three, originated two years before current fiscal year	0
Year four, originated three years before current fiscal year	0
Year five, originated four years before current fiscal year	0
Prior	0
Revolving Loans	0
Revolving Loans Converted to Term	0
Total	0	0
Commercial real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total	1,571,385	1,774,064
Current period gross write offs		0	24
Commercial real estate | Commercial Property
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	154,563
Year one, originated current fiscal year, writeoff	0
Year two, originated one year before current fiscal year	268,369
Year two, originated one year before current fiscal year, writeoff	0
Year three, originated two years before current fiscal year	156,301
Year three, originated two years before current fiscal year, writeoff	0
Year four, originated three years before current fiscal year	83,461
Year four, originated three years before current fiscal year, writeoff	0
Year five, originated four years before current fiscal year	70,736
Year five, originated four years before current fiscal year, writeoff	0
Prior	113,033
Prior, writeoff	0
Revolving Loans	8,807
Revolving Loans, writeoff	0
Revolving Loans Converted to Term	0
Revolving Loans Converted to Term, writeoff	0
Total	855,270
Current period gross write offs	0
Commercial real estate | Commercial Property | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	154,563
Year two, originated one year before current fiscal year	268,369
Year three, originated two years before current fiscal year	155,817
Year four, originated three years before current fiscal year	83,461
Year five, originated four years before current fiscal year	70,425
Prior	107,879
Revolving Loans	8,807
Revolving Loans Converted to Term	0
Total	849,321
Commercial real estate | Commercial Property | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	0
Year two, originated one year before current fiscal year	0
Year three, originated two years before current fiscal year	484
Year four, originated three years before current fiscal year	0
Year five, originated four years before current fiscal year	0
Prior	2,952
Revolving Loans	0
Revolving Loans Converted to Term	0
Total	3,436
Commercial real estate | Commercial Property | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	0
Year two, originated one year before current fiscal year	0
Year three, originated two years before current fiscal year	0
Year four, originated three years before current fiscal year	0
Year five, originated four years before current fiscal year	311
Prior	2,202
Revolving Loans	0
Revolving Loans Converted to Term	0
Total	2,513
Commercial real estate | Commercial Property | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	0
Year two, originated one year before current fiscal year	0
Year three, originated two years before current fiscal year	0
Year four, originated three years before current fiscal year	0
Year five, originated four years before current fiscal year	0
Prior	0
Revolving Loans	0
Revolving Loans Converted to Term	0
Total	0
Commercial real estate | Business Property
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	103,364
Year one, originated current fiscal year, writeoff	0
Year two, originated one year before current fiscal year	104,001
Year two, originated one year before current fiscal year, writeoff	0
Year three, originated two years before current fiscal year	163,329
Year three, originated two years before current fiscal year, writeoff	0
Year four, originated three years before current fiscal year	50,362
Year four, originated three years before current fiscal year, writeoff	0
Year five, originated four years before current fiscal year	72,106
Year five, originated four years before current fiscal year, writeoff	0
Prior	60,401
Prior, writeoff	4
Revolving Loans	882
Revolving Loans, writeoff	0
Revolving Loans Converted to Term	4,327
Revolving Loans Converted to Term, writeoff	0
Total	558,772
Current period gross write offs	4
Commercial real estate | Business Property | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	103,364
Year two, originated one year before current fiscal year	103,549
Year three, originated two years before current fiscal year	163,136
Year four, originated three years before current fiscal year	50,362
Year five, originated four years before current fiscal year	69,852
Prior	59,765
Revolving Loans	882
Revolving Loans Converted to Term	4,327
Total	555,237
Commercial real estate | Business Property | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	0
Year two, originated one year before current fiscal year	0
Year three, originated two years before current fiscal year	0
Year four, originated three years before current fiscal year	0
Year five, originated four years before current fiscal year	0
Prior	0
Revolving Loans	0
Revolving Loans Converted to Term	0
Total	0
Commercial real estate | Business Property | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	0
Year two, originated one year before current fiscal year	452
Year three, originated two years before current fiscal year	193
Year four, originated three years before current fiscal year	0
Year five, originated four years before current fiscal year	2,254
Prior	636
Revolving Loans	0
Revolving Loans Converted to Term	0
Total	3,535
Commercial real estate | Business Property | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	0
Year two, originated one year before current fiscal year	0
Year three, originated two years before current fiscal year	0
Year four, originated three years before current fiscal year	0
Year five, originated four years before current fiscal year	0
Prior	0
Revolving Loans	0
Revolving Loans Converted to Term	0
Total	0
Commercial real estate | Multifamily
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	14,219
Year one, originated current fiscal year, writeoff	0
Year two, originated one year before current fiscal year	40,618
Year two, originated one year before current fiscal year, writeoff	0
Year three, originated two years before current fiscal year	42,848
Year three, originated two years before current fiscal year, writeoff	0
Year four, originated three years before current fiscal year	26,472
Year four, originated three years before current fiscal year, writeoff	0
Year five, originated four years before current fiscal year	2,419
Year five, originated four years before current fiscal year, writeoff	0
Prior	5,924
Prior, writeoff	0
Revolving Loans	0
Revolving Loans, writeoff	0
Revolving Loans Converted to Term	0
Revolving Loans Converted to Term, writeoff	0
Total	132,500
Current period gross write offs	0
Commercial real estate | Multifamily | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	14,219
Year two, originated one year before current fiscal year	40,618
Year three, originated two years before current fiscal year	42,848
Year four, originated three years before current fiscal year	26,472
Year five, originated four years before current fiscal year	2,419
Prior	5,924
Revolving Loans	0
Revolving Loans Converted to Term	0
Total	132,500
Commercial real estate | Multifamily | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	0
Year two, originated one year before current fiscal year	0
Year three, originated two years before current fiscal year	0
Year four, originated three years before current fiscal year	0
Year five, originated four years before current fiscal year	0
Prior	0
Revolving Loans	0
Revolving Loans Converted to Term	0
Total	0
Commercial real estate | Multifamily | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	0
Year two, originated one year before current fiscal year	0
Year three, originated two years before current fiscal year	0
Year four, originated three years before current fiscal year	0
Year five, originated four years before current fiscal year	0
Prior	0
Revolving Loans	0
Revolving Loans Converted to Term	0
Total	0
Commercial real estate | Multifamily | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	0
Year two, originated one year before current fiscal year	0
Year three, originated two years before current fiscal year	0
Year four, originated three years before current fiscal year	0
Year five, originated four years before current fiscal year	0
Prior	0
Revolving Loans	0
Revolving Loans Converted to Term	0
Total	0
Commercial real estate | Construction
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	4,617
Year one, originated current fiscal year, writeoff	0
Year two, originated one year before current fiscal year	9,120
Year two, originated one year before current fiscal year, writeoff	0
Year three, originated two years before current fiscal year	0
Year three, originated two years before current fiscal year, writeoff	0
Year four, originated three years before current fiscal year	7,500
Year four, originated three years before current fiscal year, writeoff	0
Year five, originated four years before current fiscal year	3,606
Year five, originated four years before current fiscal year, writeoff	0
Prior	0
Prior, writeoff	0
Revolving Loans	0
Revolving Loans, writeoff	0
Revolving Loans Converted to Term	0
Revolving Loans Converted to Term, writeoff	0
Total	24,843	17,054		17,054
Current period gross write offs	0
Commercial real estate | Construction | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	4,617
Year two, originated one year before current fiscal year	9,120
Year three, originated two years before current fiscal year	0
Year four, originated three years before current fiscal year	7,500
Year five, originated four years before current fiscal year	3,606
Prior	0
Revolving Loans	0
Revolving Loans Converted to Term	0
Total	24,843	17,054
Commercial real estate | Construction | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	0
Year two, originated one year before current fiscal year	0
Year three, originated two years before current fiscal year	0
Year four, originated three years before current fiscal year	0
Year five, originated four years before current fiscal year	0
Prior	0
Revolving Loans	0
Revolving Loans Converted to Term	0
Total	0	0
Commercial real estate | Construction | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	0
Year two, originated one year before current fiscal year	0
Year three, originated two years before current fiscal year	0
Year four, originated three years before current fiscal year	0
Year five, originated four years before current fiscal year	0
Prior	0
Revolving Loans	0
Revolving Loans Converted to Term	0
Total	0	0
Commercial real estate | Construction | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	0
Year two, originated one year before current fiscal year	0
Year three, originated two years before current fiscal year	0
Year four, originated three years before current fiscal year	0
Year five, originated four years before current fiscal year	0
Prior	0
Revolving Loans	0
Revolving Loans Converted to Term	0
Total	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 | Substandard | Loans guaranteed by US government agency
Financing Receivable, Credit Quality Indicator [Line Items]
Total		0
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	77,957
Year one, originated current fiscal year, writeoff	0
Year two, originated one year before current fiscal year	28,638
Year two, originated one year before current fiscal year, writeoff	0
Year three, originated two years before current fiscal year	11,950
Year three, originated two years before current fiscal year, writeoff	0
Year four, originated three years before current fiscal year	4,733
Year four, originated three years before current fiscal year, writeoff	0
Year five, originated four years before current fiscal year	6,779
Year five, originated four years before current fiscal year, writeoff	0
Prior	9,139
Prior, writeoff	45
Revolving Loans	199,010
Revolving Loans, writeoff	0
Revolving Loans Converted to Term	3,796
Revolving Loans Converted to Term, writeoff	0
Total	342,002	249,250		249,250
Current period gross write offs	45	1,095	115
Commercial and Industrial | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	77,957
Year two, originated one year before current fiscal year	28,638
Year three, originated two years before current fiscal year	11,950
Year four, originated three years before current fiscal year	4,354
Year five, originated four years before current fiscal year	6,323
Prior	8,327
Revolving Loans	198,010
Revolving Loans Converted to Term	3,796
Total	339,355
Commercial and Industrial | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	0
Year two, originated one year before current fiscal year	0
Year three, originated two years before current fiscal year	0
Year four, originated three years before current fiscal year	379
Year five, originated four years before current fiscal year	314
Prior	27
Revolving Loans	1,000
Revolving Loans Converted to Term	0
Total	1,720
Commercial and Industrial | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	0
Year two, originated one year before current fiscal year	0
Year three, originated two years before current fiscal year	0
Year four, originated three years before current fiscal year	0
Year five, originated four years before current fiscal year	142
Prior	785
Revolving Loans	0
Revolving Loans Converted to Term	0
Total	927
Commercial and Industrial | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	0
Year two, originated one year before current fiscal year	0
Year three, originated two years before current fiscal year	0
Year four, originated three years before current fiscal year	0
Year five, originated four years before current fiscal year	0
Prior	0
Revolving Loans	0
Revolving Loans Converted to Term	0
Total	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	410,065	22,749
Current period gross write offs		104	$ 88
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	79,581
Year one, originated current fiscal year, writeoff	0
Year two, originated one year before current fiscal year	163,734
Year two, originated one year before current fiscal year, writeoff	0
Year three, originated two years before current fiscal year	78,499
Year three, originated two years before current fiscal year, writeoff	0
Year four, originated three years before current fiscal year	11,363
Year four, originated three years before current fiscal year, writeoff	0
Year five, originated four years before current fiscal year	10,865
Year five, originated four years before current fiscal year, writeoff	0
Prior	45,378
Prior, writeoff	0
Revolving Loans	0
Revolving Loans, writeoff	0
Revolving Loans Converted to Term	0
Revolving Loans Converted to Term, writeoff	0
Total	389,420	333,726		333,726
Current period gross write offs	0
Consumer | Residential Mortgage | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	79,581
Year two, originated one year before current fiscal year	163,734
Year three, originated two years before current fiscal year	78,499
Year four, originated three years before current fiscal year	11,363
Year five, originated four years before current fiscal year	10,865
Prior	45,378
Revolving Loans	0
Revolving Loans Converted to Term	0
Total	389,420
Consumer | Residential Mortgage | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	0
Year two, originated one year before current fiscal year	0
Year three, originated two years before current fiscal year	0
Year four, originated three years before current fiscal year	0
Year five, originated four years before current fiscal year	0
Prior	0
Revolving Loans	0
Revolving Loans Converted to Term	0
Total	0
Consumer | Residential Mortgage | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	0
Year two, originated one year before current fiscal year	0
Year three, originated two years before current fiscal year	0
Year four, originated three years before current fiscal year	0
Year five, originated four years before current fiscal year	0
Prior	0
Revolving Loans	0
Revolving Loans Converted to Term	0
Total	0
Consumer | Residential Mortgage | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	0
Year two, originated one year before current fiscal year	0
Year three, originated two years before current fiscal year	0
Year four, originated three years before current fiscal year	0
Year five, originated four years before current fiscal year	0
Prior	0
Revolving Loans	0
Revolving Loans Converted to Term	0
Total	0
Consumer | Other Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	4,837
Year one, originated current fiscal year, writeoff	12
Year two, originated one year before current fiscal year	7,542
Year two, originated one year before current fiscal year, writeoff	57
Year three, originated two years before current fiscal year	3,275
Year three, originated two years before current fiscal year, writeoff	0
Year four, originated three years before current fiscal year	1,336
Year four, originated three years before current fiscal year, writeoff	14
Year five, originated four years before current fiscal year	458
Year five, originated four years before current fiscal year, writeoff	0
Prior	7
Prior, writeoff	0
Revolving Loans	3,190
Revolving Loans, writeoff	0
Revolving Loans Converted to Term	0
Revolving Loans Converted to Term, writeoff	0
Total	20,645	$ 22,749		$ 22,749
Current period gross write offs	83
Consumer | Other Consumer | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	4,837
Year two, originated one year before current fiscal year	7,527
Year three, originated two years before current fiscal year	3,275
Year four, originated three years before current fiscal year	1,326
Year five, originated four years before current fiscal year	458
Prior	7
Revolving Loans	3,190
Revolving Loans Converted to Term	0
Total	20,620
Consumer | Other Consumer | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	0
Year two, originated one year before current fiscal year	0
Year three, originated two years before current fiscal year	0
Year four, originated three years before current fiscal year	0
Year five, originated four years before current fiscal year	0
Prior	0
Revolving Loans	0
Revolving Loans Converted to Term	0
Total	0
Consumer | Other Consumer | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	0
Year two, originated one year before current fiscal year	15
Year three, originated two years before current fiscal year	0
Year four, originated three years before current fiscal year	10
Year five, originated four years before current fiscal year	0
Prior	0
Revolving Loans	0
Revolving Loans Converted to Term	0
Total	25
Consumer | Other Consumer | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, originated current fiscal year	0
Year two, originated one year before current fiscal year	0
Year three, originated two years before current fiscal year	0
Year four, originated three years before current fiscal year	0
Year five, originated four years before current fiscal year	0
Prior	0
Revolving Loans	0
Revolving Loans Converted to Term	0
Total	$ 0

Loans and Allowance for Credi_6

Loans and Allowance for Credit Losses - Nonaccrual Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Nonaccrual [Line Items]
Total Nonaccrual Loans	$ 3,916	$ 3,360
Nonaccrual Loans with ACL	714
ACL on Nonaccrual Loans	264
Collateral Dependent Nonaccrual Loans	3,891
ACL on Collateral Dependent Nonaccrual Loans	264
Loans guaranteed by US government agency
Financing Receivable, Nonaccrual [Line Items]
Total Nonaccrual Loans	0	0
Commercial real estate
Financing Receivable, Nonaccrual [Line Items]
Total Nonaccrual Loans	3,823
Nonaccrual Loans with ACL	689
ACL on Nonaccrual Loans	264
Collateral Dependent Nonaccrual Loans	3,823
ACL on Collateral Dependent Nonaccrual Loans	264
Commercial real estate | Commercial Property
Financing Receivable, Nonaccrual [Line Items]
Total Nonaccrual Loans	958
Nonaccrual Loans with ACL	0
ACL on Nonaccrual Loans	0
Collateral Dependent Nonaccrual Loans	958
ACL on Collateral Dependent Nonaccrual Loans	0
Commercial real estate | Business Property
Financing Receivable, Nonaccrual [Line Items]
Total Nonaccrual Loans	2,865
Nonaccrual Loans with ACL	689
ACL on Nonaccrual Loans	264
Collateral Dependent Nonaccrual Loans	2,865
ACL on Collateral Dependent Nonaccrual Loans	264
Commercial and Industrial
Financing Receivable, Nonaccrual [Line Items]
Total Nonaccrual Loans	68
Nonaccrual Loans with ACL	0
ACL on Nonaccrual Loans	0
Collateral Dependent Nonaccrual Loans	68
ACL on Collateral Dependent Nonaccrual Loans	0
Consumer
Financing Receivable, Nonaccrual [Line Items]
Total Nonaccrual Loans	25	$ 3
Nonaccrual Loans with ACL	25
ACL on Nonaccrual Loans	0
Collateral Dependent Nonaccrual Loans	0
ACL on Collateral Dependent Nonaccrual Loans	0
Consumer | Other Consumer
Financing Receivable, Nonaccrual [Line Items]
Total Nonaccrual Loans	25
Nonaccrual Loans with ACL	25
ACL on Nonaccrual Loans	0
Collateral Dependent Nonaccrual Loans	0
ACL on Collateral Dependent Nonaccrual Loans	$ 0

Loans and Allowance for Credi_7

Loans and Allowance for Credit Losses - Collateral Dependent Loans (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	$ 3,891
Hotel / Motel
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	971
Warehouse
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	2,137
Retail
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	689
Single Family Residential
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	55
Other
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	39
Commercial real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	3,823
Commercial real estate | Hotel / Motel
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	958
Commercial real estate | Warehouse
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	2,137
Commercial real estate | Retail
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	689
Commercial real estate | Single Family Residential
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	0
Commercial real estate | Other
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	39
Commercial real estate | Commercial Property
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	958
Commercial real estate | Commercial Property | Hotel / Motel
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	958
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 | Commercial Property | Other
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	0
Commercial real estate | Business Property
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	2,865
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	2,137
Commercial real estate | Business Property | Retail
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	689
Commercial real estate | Business Property | Single Family Residential
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	0
Commercial real estate | Business Property | Other
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	39
Commercial and Industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	68
Commercial and Industrial | Hotel / Motel
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	13
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	55
Commercial and Industrial | Other
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	$ 0

Loans and Allowance for Credi_8

Loans and Allowance for Credit Losses - Past Due Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Past Due [Line Items]
Nonaccrual	$ 3,916	$ 3,360
Total Loans Past Due		3,494
Loans guaranteed by US government agency
Financing Receivable, Past Due [Line Items]
Nonaccrual	0	0
Commercial real estate
Financing Receivable, Past Due [Line Items]
Nonaccrual	3,823
Commercial real estate | Commercial Property
Financing Receivable, Past Due [Line Items]
Nonaccrual	958
Commercial real estate | Business Property
Financing Receivable, Past Due [Line Items]
Nonaccrual	2,865
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
Commercial and Industrial
Financing Receivable, Past Due [Line Items]
Nonaccrual	68
Consumer
Financing Receivable, Past Due [Line Items]
Nonaccrual	25	3
Total Loans Past Due		137
Consumer | Other Consumer
Financing Receivable, Past Due [Line Items]
Nonaccrual	25
Total
Financing Receivable, Past Due [Line Items]
Still Accruing	1,428
Nonaccrual	521
Total Loans Past Due	1,949
Total | Commercial real estate
Financing Receivable, Past Due [Line Items]
Still Accruing	560
Nonaccrual	503
Total Loans Past Due	1,063
Total | Commercial real estate | Commercial Property
Financing Receivable, Past Due [Line Items]
Still Accruing	0
Nonaccrual	296
Total Loans Past Due	296
Total | Commercial real estate | Business Property
Financing Receivable, Past Due [Line Items]
Still Accruing	560
Nonaccrual	207
Total Loans Past Due	767
Total | Commercial and Industrial
Financing Receivable, Past Due [Line Items]
Still Accruing	217
Nonaccrual	0
Total Loans Past Due	217
Total | Consumer
Financing Receivable, Past Due [Line Items]
Still Accruing	651
Nonaccrual	18
Total Loans Past Due	669
Total | Consumer | Residential Mortgage
Financing Receivable, Past Due [Line Items]
Still Accruing	604
Nonaccrual	0
Total Loans Past Due	604
Total | Consumer | Other Consumer
Financing Receivable, Past Due [Line Items]
Still Accruing	47
Nonaccrual	18
Total Loans Past Due	65
30 to 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Still Accruing	1,394	47
Nonaccrual	0
30 to 59 Days Past Due | Commercial real estate
Financing Receivable, Past Due [Line Items]
Still Accruing	560
Nonaccrual	0
30 to 59 Days Past Due | Commercial real estate | Commercial Property
Financing Receivable, Past Due [Line Items]
Still Accruing	0
Nonaccrual	0
30 to 59 Days Past Due | Commercial real estate | Business Property
Financing Receivable, Past Due [Line Items]
Still Accruing	560
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 | Commercial and Industrial
Financing Receivable, Past Due [Line Items]
Still Accruing	217
Nonaccrual	0
30 to 59 Days Past Due | Consumer
Financing Receivable, Past Due [Line Items]
Still Accruing	617	47
Nonaccrual	0
30 to 59 Days Past Due | Consumer | Residential Mortgage
Financing Receivable, Past Due [Line Items]
Still Accruing	604
Nonaccrual	0
30 to 59 Days Past Due | Consumer | Other Consumer
Financing Receivable, Past Due [Line Items]
Still Accruing	13
Nonaccrual	0
60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Still Accruing	34	87
Nonaccrual	350
60 to 89 Days Past Due | Commercial real estate
Financing Receivable, Past Due [Line Items]
Still Accruing	0
Nonaccrual	335
60 to 89 Days Past Due | Commercial real estate | Commercial Property
Financing Receivable, Past Due [Line Items]
Still Accruing	0
Nonaccrual	296
60 to 89 Days Past Due | Commercial real estate | Business Property
Financing Receivable, Past Due [Line Items]
Still Accruing	0
Nonaccrual	39
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 | Commercial and Industrial
Financing Receivable, Past Due [Line Items]
Still Accruing	0
Nonaccrual	0
60 to 89 Days Past Due | Consumer
Financing Receivable, Past Due [Line Items]
Still Accruing	34	87
Nonaccrual	15
60 to 89 Days Past Due | Consumer | Residential Mortgage
Financing Receivable, Past Due [Line Items]
Still Accruing	0
Nonaccrual	0
60 to 89 Days Past Due | Consumer | Other Consumer
Financing Receivable, Past Due [Line Items]
Still Accruing	34
Nonaccrual	15
90 or More Days Past Due
Financing Receivable, Past Due [Line Items]
Still Accruing	0	0
Nonaccrual	171
90 or More Days Past Due | Commercial real estate
Financing Receivable, Past Due [Line Items]
Still Accruing	0
Nonaccrual	168
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	168
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 | Commercial and Industrial
Financing Receivable, Past Due [Line Items]
Still Accruing	0
Nonaccrual	0
90 or More Days Past Due | Consumer
Financing Receivable, Past Due [Line Items]
Still Accruing	0	$ 0
Nonaccrual	3
90 or More Days Past Due | Consumer | Residential Mortgage
Financing Receivable, Past Due [Line Items]
Still Accruing	0
Nonaccrual	0
90 or More Days Past Due | Consumer | Other Consumer
Financing Receivable, Past Due [Line Items]
Still Accruing	0
Nonaccrual	$ 3

Loans and Allowance for Credi_9

Loans and Allowance for Credit Losses - Loan Modification (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)
Receivables [Abstract]
Loans both experiencing financial difficulty and modified	$ 0

Loans and Allowance for Cred_10

Loans and Allowance for Credit Losses - Purchases, Sales, and Transfers (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Transfer of loans to held-for-sale	$ 0	$ 4,458	$ 8,752
Transfer of loans to held-for-investment	0	0	0
Purchases of loans held-for-investment	15,741
Sales of loans held-for-investment	0	0	0
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Purchases of loans held-for-investment	15,741
Consumer | Residential Mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Purchases of loans held-for-investment	$ 15,741
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Purchases of loans held-for-investment		0	2,139
Commercial real estate | Commercial Property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Transfer of loans to held-for-sale		0	8,563
Commercial real estate | Residential property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Transfer of loans to held-for-sale		458	189
Purchases of loans held-for-investment		0	2,139
Commercial and Industrial | Commercial lines of credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Transfer of loans to held-for-sale		$ 4,000	$ 0

Loans and Allowance for Cred_11

Loans and Allowance for Credit Losses - Loans Held-For-Sale (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-sale	$ 5,155	$ 22,811
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-sale	2,802
Commercial real estate | Business Property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-sale	2,802
Commercial real estate | SBA property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-sale		16,473
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-sale	$ 2,353
Commercial and Industrial | Commercial lines of credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-sale		4,000
Commercial and Industrial | SBA commercial term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-sale		$ 2,338

Loans and Allowance for Cred_12

Loans and Allowance for Credit Losses - Impaired Loans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
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	4,542	$ 1,808
Interest Income	36	39
Interest Foregone on Impaired Loans [Abstract]
Interest income that would have been recognized had impaired loans performed in accordance with their original terms	297	99
Less: interest income recognized on impaired loans on a cash basis	(36)	(39)
Interest income foregone on impaired loans	261	60
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	1,540	329
Interest Income	21	22
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	379	0
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	862	1,105
Interest Income	15	16
Commercial and Industrial | Commercial term
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	0	10
Interest Income	0	0
Commercial and Industrial | Commercial lines of credit
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	1,635	0
Interest Income	0	0
Commercial and Industrial | SBA commercial term
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	126	364
Interest Income	$ 0	$ 1

Premises and Equipment - Schedu

Premises and Equipment - Schedule of Premises and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Total premises and equipment	$ 20,091	$ 20,069
Less: accumulated depreciation	(14,092)	(13,153)
Premises and equipment, net	5,999	6,916
Leasehold improvements
Property, Plant and Equipment [Line Items]
Total premises and equipment	10,424	10,269
Furniture, fixtures and equipment
Property, Plant and Equipment [Line Items]
Total premises and equipment	4,375	4,501
Computer equipment
Property, Plant and Equipment [Line Items]
Total premises and equipment	3,359	3,304
Computer software
Property, Plant and Equipment [Line Items]
Total premises and equipment	$ 1,933	$ 1,995

Premises and Equipment - Narrat

Premises and Equipment - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 2,184	$ 1,597	$ 1,375

Operating Leases - Cost and Sup

Operating Leases - Cost and Supplemental Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Operating lease cost	$ 3,143	$ 2,752	$ 2,580
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	3,297	2,960	2,760
Right-of-use assets obtained in exchange for lease obligations	15,317	2,150	$ 1,459
Operating leases:
Operating lease assets	18,913	6,358
Operating lease liabilities	$ 20,137	$ 6,809
Weighted-average remaining lease term	8 years 3 months 18 days	4 years 3 months 18 days
Weighted-average discount rate	4.63%	2.66%

Operating Leases - Maturities o

Operating Leases - Maturities of Operating Lease Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Maturities:
2024	$ 3,385
2025	3,301
2026	2,932
2027	2,543
2028	2,416
After 2028	10,695
Total lease payment	25,272
Imputed interest	(5,135)
Present value of operating lease liabilities	$ 20,137	$ 6,809

Servicing Assets - Narrative (D

Servicing Assets - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Transfers and Servicing [Abstract]
Loans sold with servicing rights retained	$ 82.3	$ 122.9	$ 126.8
Net gain on sale	3.6	8	12.8
Loan servicing income	$ 3.3	$ 3	$ 2.8

Servicing Assets - Summary of K

Servicing Assets - Summary of Key Assumptions in Fair Value Calculations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Servicing Assets at Fair Value [Line Items]
Carrying amount	$ 6,666	$ 7,347	$ 7,269	$ 6,400
Fair value	9,116	9,828
Underlying loans being serviced	532,231	531,095
Residential Mortgage
Servicing Assets at Fair Value [Line Items]
Carrying amount	49	64	86	109
Fair value	$ 104	$ 118
Discount rates	9.93%	7.73%
Prepayment speeds	12.75%	17.10%
Weighted average remaining life	19 years 9 months 18 days	20 years 9 months 18 days
Underlying loans being serviced	$ 10,666	$ 13,058
CRE SBA
Servicing Assets at Fair Value [Line Items]
Carrying amount	6,135	6,831	6,701	5,642
Fair value	$ 8,284	$ 9,090
Discount rates	12.30%	11.47%
Prepayment speeds	16.71%	14.82%
Weighted average remaining life	21 years	21 years 4 months 24 days
Underlying loans being serviced	$ 461,300	$ 461,738
C&I SBA
Servicing Assets at Fair Value [Line Items]
Carrying amount	482	452	$ 482	$ 649
Fair value	$ 728	$ 620
Discount rates	15.46%	12.55%
Prepayment speeds	13.97%	18.93%
Weighted average remaining life	7 years 1 month 6 days	6 years 8 months 12 days
Underlying loans being serviced	$ 60,265	$ 56,299

Servicing Assets - Summary of C

Servicing Assets - Summary of Changes in Servicing Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Beginning balance	$ 7,347	$ 7,269	$ 6,400
Additions	1,202	2,213	2,878
Amortization	(1,883)	(2,135)	(2,009)
Ending balance	6,666	7,347	7,269
Residential Mortgage
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Beginning balance	64	86	109
Additions	0	0	0
Amortization	(15)	(22)	(23)
Ending balance	49	64	86
CRE SBA
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Beginning balance	6,831	6,701	5,642
Additions	983	2,011	2,769
Amortization	(1,679)	(1,881)	(1,710)
Ending balance	6,135	6,831	6,701
C&I SBA
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Beginning balance	452	482	649
Additions	219	202	109
Amortization	(189)	(232)	(276)
Ending balance	$ 482	$ 452	$ 482

Other Real Estate Owned - OREO

Other Real Estate Owned - OREO Activity (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Change in Other Real Estate Owned
Balance at beginning of year	$ 0	$ 0	$ 1,401
Additions	2,558	808	1,960
Sales	0	(808)	(3,361)
Net change in valuation allowance	0	0	0
Balance at end of year	2,558	0	0
Change in Other Real Estate Owned Valuation Allowance
Balance at beginning of year	0	0	0
Additions	0	0	0
Net direct write-downs and removal from sale	0	0	0
Balance at end of year	0	0	0
Expenses related to OREOs	0	139	8
Net (gain) loss on sales
Change in Other Real Estate Owned Valuation Allowance
Expenses related to OREOs	0	152	(73)
Operating expenses, net of rental income
Change in Other Real Estate Owned Valuation Allowance
Expenses related to OREOs	$ 0	$ (13)	$ 81

Other Real Estate Owned - Narra

Other Real Estate Owned - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
OREO recognized	$ 2,558	$ 808	$ 1,960
Loans to finance sale of OREO properties	0	$ 0	$ 250
Commercial real estate | SBA 7(a) loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan transferred to OREO	$ 593
Unguaranteed percentage of loan	25%
Guaranty percentage of loan	75%

Deposits - Narrative (Details)

Deposits - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Deposit Liability [Line Items]
Total deposits	$ 2,351,612	$ 2,045,983
Total interest-bearing deposits	1,760,000	1,310,000
Deposits reclassified as loans	126	81
Uninsured deposit liability	954,600	1,060,000
Uninsured time deposit liability	408,600	294,000
Amortized cost of securities pledged as collateral	156,175	156,978
Brokered deposits	303,700	87,000
Related party deposits	3,700	2,800
Asset Pledged as Collateral | Deposits
Deposit Liability [Line Items]
Amortized cost of securities pledged as collateral	70,900	69,000
California State Treasurer's Deposits
Deposit Liability [Line Items]
Time deposits, $250,000 or more, threshold	$ 60,000	$ 60,000

Deposits - Scheduled Maturities

Deposits - Scheduled Maturities of Time Deposits (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Time deposits of $250,000 or less
2024	$ 757,592
2025	1,923
2026	333
2027	115
2028	71
Thereafter	0
Total	760,034
Time deposits of more than $250,000
2024	572,679
2025	3,023
2026	0
2027	0
2028	0
Thereafter	0
Total	575,702
Total time deposits
2024	1,330,271
2025	4,946
2026	333
2027	115
2028	71
Thereafter	0
Total	$ 1,335,736

Federal Home Loan Bank Advanc_3

Federal Home Loan Bank Advances and Other Borrowings - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Federal Home Loan Bank, Advances [Line Items]
FHLB advances	$ 39,000	$ 20,000	$ 10,000
FHLB advances, maturity term	92 days
Loans pledged to secure FHLB advances	$ 1,040,000	1,160,000
Additional borrowing capacity	603,000	561,700
FHLB Advances
Federal Home Loan Bank, Advances [Line Items]
Unused borrowing capacity	528,900
Carrying value of pledged loans	681,800
Outstanding borrowings	0
Overnight federal funds lines, maximum borrowing capacity	65,000
FHLB of San Francisco
Federal Home Loan Bank, Advances [Line Items]
Investment in FHLB capital stock	$ 12,500	$ 10,000

Federal Home Loan Bank Advanc_4

Federal Home Loan Bank Advances and Other Borrowings - Schedule of Maturities of FHLB Advances and Financial Data (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Fixed Rate
2024	$ 39,000
2025	0
2026	0
2027	0
Thereafter	0
Total	39,000
Variable Rate
2024	0
2025	0
2026	0
2027	0
Thereafter	0
Total	0
2024	39,000
2025	0
2026	0
2027	0
Thereafter	0
Total	$ 39,000	$ 20,000	$ 10,000
Financial Data of FHLB Advances
Weighted-average interest rate at end of year	5.63%	4.65%	2.07%
Average interest rate during the year	5.51%	2.18%	0.97%
Average balance	$ 8,189	$ 5,556	$ 30,096
Maximum amount outstanding at any month-end	39,000	20,000	80,000
Balance at end of year	$ 39,000	$ 20,000	$ 10,000

Shareholders' Equity (Details)

Shareholders' Equity (Details) - USD ($) $ / shares in Units, $ in Thousands		12 Months Ended
	May 24, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Class of Stock [Line Items]
Capital investment			$ 69,141
Stock repurchased and retired (in shares)		512,657	362,557	680,269
Weighted-average price of stock repurchased and retired (in dollars per share)		$ 17.22	$ 18.57	$ 15.99
Stock authorized to be repurchased (in shares)		592,724
Series C Preferred Stock
Class of 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
Capital investment	$ 69,100
Period after investment date for commencement of fixed dividend rate	10 years
Minimum period for stock redemption	5 years
Series C Preferred Stock | Dividend Rate, Variable, Period One
Class of Stock [Line Items]
Annual dividend rate (percent)	0%
Period after investment date with no dividend	24 months
Series C Preferred Stock | Dividend Rate, Variable, Period Two | Maximum
Class of Stock [Line Items]
Annual dividend rate (percent)	2%

Share-Based Compensation - Narr

Share-Based Compensation - Narrative (Details) - shares	12 Months Ended
	Dec. 31, 2023	May 25, 2023
Stock options
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)	489,000
Award contractual term	10 years
Stock options | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	3 years
Stock options | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	5 years
Restricted stock awards | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	3 years
Restricted stock awards | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	5 years

Share-Based Compensation - Shar

Share-Based Compensation - Share-Based Compensation Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation expense	$ 488	$ 539	$ 453
Related tax benefits	112	113	84
Unrecognized Expense
Stock options	784
Restricted stock awards	461
Total unrecognized share-based compensation expense	$ 1,245
Weighted-Average Remaining Expected Recognition Period	2 years 9 months 18 days
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation expense	$ 143	168	187
Unrecognized Expense
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]
Total share-based compensation expense	$ 345	$ 371	$ 266
Unrecognized Expense
Weighted-Average Remaining Expected Recognition Period	2 years 7 months 6 days

Share-Based Compensation - Weig

Share-Based Compensation - Weighted-Average Assumptions of Stock Options (Details) - Stock options	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate	4.92%	1.55%	1.13%
Expected term	6 years 14 days	6 years 6 months	6 years 8 months 15 days
Expected stock price volatility (percent)	28.76%	27.66%	27.54%
Dividend yield (percent)	4.79%	2.30%	2.64%

Share-Based Compensation - Stoc

Share-Based Compensation - Stock Option Plan (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cash received from options exercised	$ 1,350	$ 840	$ 1,279
Weighted-average estimated fair value per share of options granted (in dollars per share)	$ 15.04
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Intrinsic value of options exercised	$ 883	1,225	794
Cash received from options exercised	1,350	840	1,279
Tax benefit from options exercised	$ 103	$ 46	$ 60
Weighted-average estimated fair value per share of options granted (in dollars per share)	$ 3.14	$ 5.03	$ 3.76

Share-Based Compensation - St_2

Share-Based Compensation - Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Number of Shares
Outstanding at beginning of year (in shares)	566,637
Granted (in shares)	208,000
Exercised (in shares)	(144,922)
Forfeited (in shares)	(15,000)
Balance at end of year (in shares)	614,715	566,637
Exercisable at end of year (in shares)	345,715
Weighted-Average Exercise Price Per Share
Outstanding at beginning of year (in dollars per share)	$ 12.49
Granted (in dollars per share)	15.04
Exercised (in dollars per share)	9.31
Forfeited (in dollars per share)	20.96
Balance at end of year (in dollars per share)	13.90	$ 12.49
Exercisable at end of year (in dollars per share)	$ 12.36
Weighted-Average Contractual Term
Outstanding (in years)	5 years 8 months 4 days	4 years 29 days
Granted (in years)	10 years
Exercised (in years)	1 year 11 months 1 day
Forfeited (in years)	2 years 2 months 4 days
Exercisable at end of year (in years)	2 years 9 months 29 days
Aggregated Intrinsic Value
Aggregate intrinsic value, outstanding	$ 2,788	$ 2,946
Aggregate intrinsic value, exercisable	$ 2,087

Share-Based Compensation - Unve

Share-Based Compensation - Unvested Stock Options (Details)	12 Months Ended
	Dec. 31, 2023 $ / shares shares
Number of Shares
Outstanding at beginning of year (in shares) | shares	94,000
Granted (in shares) | shares	208,000
Vested (in shares) | shares	(23,000)
Forfeited (in shares) | shares	(8,000)
Balance at end of year (in shares) | shares	271,000
Weighted-Average Exercise Price Per Share
Outstanding at beginning of year (in dollars per share) | $ / shares	$ 18.95
Granted (in dollars per share) | $ / shares	15.04
Vested (in dollars per share) | $ / shares	18.64
Forfeited (in dollars per share) | $ / shares	23.24
Balance at end of year (in dollars per share) | $ / shares	$ 15.85

Share-Based Compensation - RSA

Share-Based Compensation - RSA Activity (Details) - Restricted stock awards	12 Months Ended
	Dec. 31, 2023 $ / shares shares
Number of Shares
Outstanding at beginning of period (in shares) | shares	62,022
Granted (in shares) | shares	3,300
Vested (in shares) | shares	(23,161)
Forfeited (in shares) | shares	(500)
Outstanding at end of period (in shares) | shares	41,661
Weighted-Average Grant Date Fair Value Per Share
Outstanding at beginning of period (in dollars per share) | $ / shares	$ 16.59
Granted (in dollars per share) | $ / shares	15.80
Vested (in dollars per share) | $ / shares	14.77
Forfeited (in dollars per share) | $ / shares	17.06
Outstanding at end of period (in dollars per share) | $ / shares	$ 17.53

Employee Benefit Plans (Details

Employee Benefit Plans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Retirement Benefits [Abstract]
Employer matching contribution, percent of match	75%
Employer matching contribution, percent of employees' gross pay	8%
Company's contribution to employee benefit plans	$ 1,200	$ 1,100	$ 901

Income Taxes - Components of In

Income Taxes - Components of Income Tax (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Current:
Federal	$ 5,506	$ 769	$ 12,117
State	2,948	1,475	6,692
Total current income tax expense	8,454	2,244	18,809
Deferred:
Federal	2,489	8,434	(1,428)
State	1,614	3,738	(525)
Total deferred income tax expense (benefit)	4,103	12,172	(1,953)
Total	$ 12,557	$ 14,416	$ 16,856

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of Effective Income Tax Rate (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Statutory federal tax rate	21%	21%	21%
State and local income taxes, net of federal tax benefit	8.33%	8.34%	8.55%
Share-based compensation	0.05%	0.07%	0.05%
Bank-owned life insurance	(0.36%)	(0.30%)	(0.04%)
Other items, net	0.01%	0.07%	0.03%
Effective income tax rate	29.03%	29.18%	29.59%

Income Taxes - Deferred Tax Ass

Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Deferred tax assets:
ACL on loans	$ 8,105	$ 7,359
Share-based compensation	199	298
Unrealized loss on investment securities	3,783	4,459
Operating lease liabilities	5,928	2,009
State tax benefit	617	322
Other	931	511
Total deferred tax assets	19,563	14,958
Deferred tax liabilities:
Depreciation on premises and equipment	843	1,051
Loans held-for-sale market adjustment	13,872	8,745
Deferred loan origination costs	75	98
Operating lease assets	5,567	1,876
Other	82	73
Total deferred tax liabilities	20,439	11,843
Deferred tax liabilities, net	$ (876)
Deferred tax assets, net		$ 3,115

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Valuation allowance	$ 0	$ 0
Unrecognized tax benefits	0	0
Accrued interest on unrecognized tax benefits	$ 0	$ 0

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Basic earnings per share:
Net income	$ 30,705	$ 34,987	$ 40,103
Less: income allocated to unvested restricted stock	(95)	(157)	(156)
Net income allocated to common stock	$ 30,610	$ 34,830	$ 39,947
Weighted-average total common shares outstanding (in shares)	14,345,860	14,888,633	15,076,183
Less: weighted-average unvested restricted stock (in shares)	(44,169)	(66,615)	(58,546)
Weighted-average common shares outstanding, basic (in shares)	14,301,691	14,822,018	15,017,637
Basic earnings per share (in dollars per share)	$ 2.14	$ 2.35	$ 2.66
Diluted earnings per share:
Net income allocated to common stock	$ 30,610	$ 34,830	$ 39,947
Weighted-average common shares outstanding, basic (in shares)	14,301,691	14,822,018	15,017,637
Diluted effect of stock options (in shares)	116,247	243,157	236,183
Diluted weighted-average common shares outstanding (in shares)	14,417,938	15,065,175	15,253,820
Diluted earnings per share (in dollars per share)	$ 2.12	$ 2.31	$ 2.62

Earnings Per Share - Narrative

Earnings Per Share - Narrative (Details) - shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Earnings Per Share [Abstract]
Stock options excluded in computing diluted earnings per share (in shares)	286,700	65,000	65,000

Commitment and Contingencies -

Commitment and Contingencies - Outstanding Financial Commitments (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Fixed Rate
Other Commitments [Line Items]
Total	$ 11,466	$ 6,798
Fixed Rate | Unused lines of credit
Other Commitments [Line Items]
Total	2,808	3,117
Fixed Rate | Unfunded loan commitments
Other Commitments [Line Items]
Total	4,020	692
Fixed Rate | Standby letters of credit
Other Commitments [Line Items]
Total	4,638	2,989
Fixed Rate | Commercial letters of credit
Other Commitments [Line Items]
Total	0	0
Variable Rate
Other Commitments [Line Items]
Total	396,636	292,067
Variable Rate | Unused lines of credit
Other Commitments [Line Items]
Total	347,652	251,178
Variable Rate | Unfunded loan commitments
Other Commitments [Line Items]
Total	47,038	38,486
Variable Rate | Standby letters of credit
Other Commitments [Line Items]
Total	1,786	1,901
Variable Rate | Commercial letters of credit
Other Commitments [Line Items]
Total	$ 160	$ 502

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2023	Jan. 01, 2023	Dec. 31, 2022
Other Commitments [Line Items]
Adjustment to the allowance for credit losses on off-balance sheet credit exposures			$ 299
Pending Litigation
Other Commitments [Line Items]
Settlement amount	$ 700
Claims deadline extension period		45 days
SEC Schedule, 12-09, Reserve, Off-balance Sheet Activity
Other Commitments [Line Items]
ACL on off-balance sheet credit exposures maintained		$ 1,300		$ 299
Impact of ASC 326 Adoption
Other Commitments [Line Items]
Adjustment to the allowance for credit losses on off-balance sheet credit exposures			$ 1,607
Unfunded loan commitments
Other Commitments [Line Items]
Loan commitments, maturity term (up to)		90 days
Unfunded loan commitments | SBA Loans
Other Commitments [Line Items]
Loan commitments, maturity term (up to)		180 days

Regulatory Matters - Narrative

Regulatory Matters - Narrative (Details)	Dec. 31, 2023	Dec. 31, 2022
PCB Bancorp
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Capital conservation buffer	7.73%	8.79%
PCB Bank
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Capital conservation buffer	8.07%	9.52%

Regulatory Matters - Schedule o

Regulatory Matters - Schedule of Regulatory Capital Amounts and Ratios (Details) $ in Thousands	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
PCB Bancorp
Actual
Common tier 1 capital (to risk-weighted assets), amount	$ 288,174	$ 276,360
Common tier 1 capital (to risk-weighted assets), ratio	0.1223	0.1329
Total capital (to risk-weighted assets), amount	$ 386,125	$ 370,742
Total capital (to risk-weighted assets), ratio	0.1639	0.1783
Tier 1 capital (to risk-weighted assets), amount	$ 357,315	$ 345,501
Tier 1 capital (to risk-weighted assets), ratio	0.1516	0.1662
Tier 1 capital (to average assets), amount	$ 357,315	$ 345,501
Tier 1 capital (to average assets), ratio	0.1343	0.1433
Minimum Capital Requirement
Common tier 1 capital (to risk-weighted assets), amount	$ 106,043	$ 93,554
Common tier 1 capital (to risk-weighted assets), ratio	4.50%	4.50%
Total capital (to risk-weighted assets), amount	$ 188,521	$ 166,319
Total capital (to risk-weighted assets), ratio	0.080	0.080
Tier 1 capital (to risk-weighted assets), amount	$ 141,391	$ 124,739
Tier 1 capital (to risk-weighted assets), ratio	0.060	0.060
Tier 1 capital (to average assets), amount	$ 106,423	$ 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	$ 350,038	$ 338,891
Common tier 1 capital (to risk-weighted assets), ratio	0.1485	0.1630
Total capital (to risk-weighted assets), amount	$ 378,849	$ 364,132
Total capital (to risk-weighted assets), ratio	0.1607	0.1752
Tier 1 capital (to risk-weighted assets), amount	$ 350,038	$ 338,891
Tier 1 capital (to risk-weighted assets), ratio	0.1485	0.1630
Tier 1 capital (to average assets), amount	$ 350,038	$ 338,891
Tier 1 capital (to average assets), ratio	0.1316	0.1405
Minimum Capital Requirement
Common tier 1 capital (to risk-weighted assets), amount	$ 106,081	$ 93,553
Common tier 1 capital (to risk-weighted assets), ratio	4.50%	4.50%
Total capital (to risk-weighted assets), amount	$ 188,588	$ 166,316
Total capital (to risk-weighted assets), ratio	0.080	0.080
Tier 1 capital (to risk-weighted assets), amount	$ 141,441	$ 124,737
Tier 1 capital (to risk-weighted assets), ratio	0.060	0.060
Tier 1 capital (to average assets), amount	$ 106,421	$ 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	$ 153,228	$ 135,131
Common tier 1 capital (to risk-weighted assets), ratio	6.50%	6.50%
Total capital (to risk-weighted assets), amount	$ 235,735	$ 207,895
Total capital (to risk-weighted assets), ratio	0.100	0.100
Tier 1 capital (to risk-weighted assets), amount	$ 188,588	$ 166,316
Tier 1 capital (to risk-weighted assets), ratio	0.080	0.080
Tier 1 capital (to average assets), amount	$ 133,026	$ 120,586
Tier 1 capital (to average assets), ratio	0.050	0.050

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disaggregation of Revenue [Line Items]
Total	$ 2,650	$ 2,642	$ 2,369
Total service charges and fees on deposits
Disaggregation of Revenue [Line Items]
Total	1,475	1,326	1,195
Monthly service fees
Disaggregation of Revenue [Line Items]
Total	107	90	81
Account analysis fees
Disaggregation of Revenue [Line Items]
Total	951	936	885
Non-sufficient funds charges
Disaggregation of Revenue [Line Items]
Total	328	221	165
Other deposit related fees
Disaggregation of Revenue [Line Items]
Total	89	79	64
Debit card fees
Disaggregation of Revenue [Line Items]
Total	339	335	306
Gain (loss) on sale of other real estate owned
Disaggregation of Revenue [Line Items]
Total	0	152	74
Wire transfer fees
Disaggregation of Revenue [Line Items]
Total	625	643	596
Other service charges
Disaggregation of Revenue [Line Items]
Total	$ 211	$ 186	$ 198

Condensed Financial Statement_3

Condensed Financial Statements for Parent Company - Condensed Balance Sheets (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Assets
Other assets	$ 15,630	$ 15,755
Total assets	2,789,506	2,420,036
Liabilities and Shareholders’ Equity
Total liabilities	2,440,634	2,084,594
Total shareholders’ equity	348,872	335,442	$ 256,286	$ 233,788
Total liabilities and shareholders’ equity	2,789,506	2,420,036
PCB Bancorp
Assets
Cash	7,297	6,549
Investment in subsidiary	341,595	328,832
Other assets	56	61
Total assets	348,948	335,442
Liabilities and Shareholders’ Equity
Other liabilities	76	0
Total liabilities	76	0
Total shareholders’ equity	348,872	335,442
Total liabilities and shareholders’ equity	$ 348,948	$ 335,442

Condensed Financial Statement_4

Condensed Financial Statements for Parent Company - Condensed Statements of Income and Comprehensive Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income:
Other income	$ 1,555	$ 1,508	$ 1,429
Expense:
Other expenses	4,736	4,191	3,141
Total noninterest expense	56,057	51,126	43,208
Income before income taxes	43,262	49,403	56,959
Income tax benefit	12,557	14,416	16,856
Net income	30,705	34,987	40,103
Other comprehensive income (loss), net of tax	1,587	(10,665)	(1,802)
Total comprehensive income	32,292	24,322	38,301
PCB Bancorp
Income:
Dividends from subsidiary	18,846	16,597	18,375
Other income	6	0	0
Total income	18,852	16,597	18,375
Expense:
Other expenses	1,014	912	753
Total noninterest expense	1,014	912	753
Income before income taxes	17,838	15,685	17,622
Income tax benefit	(293)	(265)	(223)
Income before equity in undistributed subsidiary income	18,131	15,950	17,845
Equity in undistributed subsidiary income	12,574	19,037	22,258
Net income	30,705	34,987	40,103
Other comprehensive income (loss), net of tax	1,587	(10,665)	(1,802)
Total comprehensive income	$ 32,292	$ 24,322	$ 38,301

Condensed Financial Statement_5

Condensed Financial Statements for Parent Company - Condensed Statements of Cash Flows (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities
Net income	$ 30,705	$ 34,987	$ 40,103
Adjustments to reconcile net income to net cash provided by operating activities:
Net cash provided by (used in) operating activities	63,343	57,267	(1,617)
Cash flows from investing activities:
Net cash used in investing activities	(275,273)	(356,665)	(175,223)
Cash flows from financing activities:
Issuance of preferred stock	0	69,141	0
Stock options exercised	1,350	840	1,279
Restricted stock surrendered due to employee tax liability	(2)	(8)	(4)
Repurchase of common stock	(8,828)	(6,732)	(10,876)
Cash dividends paid on common stock	(9,908)	(8,946)	(6,655)
Net cash provided by financing activities	307,241	243,144	186,027
Net increase (decrease) in cash and cash equivalents	95,311	(56,254)	9,187
Cash and cash equivalents at beginning of year	147,031	203,285	194,098
Cash and cash equivalents at end of year	242,342	147,031	203,285
PCB Bancorp
Cash flows from operating activities
Net income	30,705	34,987	40,103
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed subsidiary income	(12,574)	(19,037)	(22,258)
Change in other assets	5	(6)	(11)
Net cash provided by (used in) operating activities	18,136	15,944	17,834
Cash flows from investing activities:
Capital contribution to subsidiary	0	(69,141)	0
Net cash used in investing activities	0	(69,141)	0
Cash flows from financing activities:
Issuance of preferred stock	0	69,141	0
Stock options exercised	1,350	840	1,279
Restricted stock surrendered due to employee tax liability	(2)	(8)	(4)
Repurchase of common stock	(8,828)	(6,732)	(10,876)
Cash dividends paid on common stock	(9,908)	(8,946)	(6,655)
Net cash provided by financing activities	(17,388)	54,295	(16,256)
Net increase (decrease) in cash and cash equivalents	748	1,098	1,578
Cash and cash equivalents at beginning of year	6,549	5,451	3,873
Cash and cash equivalents at end of year	$ 7,297	$ 6,549	$ 5,451

Subsequent Events (Details)

Subsequent Events (Details) - $ / shares		12 Months Ended
	Jan. 25, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Subsequent Event [Line Items]
Cash dividends declared (in dollars per share)		$ 0.69	$ 0.60	$ 0.44
Subsequent Event
Subsequent Event [Line Items]
Cash dividends declared (in dollars per share)	$ 0.18