PCB Bancorp (PCB) 10-Q 8 Nov 18 2018 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2018	Nov. 01, 2018
Document and Entity Information [Abstract]
Entity Registrant Name	PACIFIC CITY FINANCIAL CORPORATION
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		15,972,914
Amendment Flag	false
Entity Central Index Key	1,423,869
Entity Filer Category	Accelerated Filer
Document Period End Date	Sep. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3
Entity Emerging Growth Company	true
Entity Small Business	true
Transition Period	true

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Assets
Cash and due from banks	$ 27,532	$ 16,662
Interest-bearing deposits in other financial institutions	136,524	56,996
Total cash and cash equivalents	164,056	73,658
Securities available-for-sale, at fair value	135,089	129,689
Securities held-to-maturity, at amortized cost (fair value of $21,117 at September 30, 2018 and $20,997 at December 31, 2017)	21,991	21,070
Total investment securities	157,080	150,759
Loans held-for-sale	12,957	5,297
Loans held-for-investment, net of deferred loan costs (fees)	1,309,124	1,189,999
Allowance for loan losses	(13,097)	(12,224)
Net loans held-for-investment	1,296,027	1,177,775
Premises and equipment, net	4,615	4,723
Federal Home Loan Bank and other restricted stock, at cost	7,433	6,589
Other real estate owned, net	0	99
Deferred tax assets, net	4,209	3,847
Servicing assets	8,114	8,973
Accrued interest receivable and other assets	9,296	10,279
Total assets	1,663,787	1,441,999
Deposits:
Noninterest-bearing demand	350,346	319,026
Savings, NOW and money market accounts	283,759	317,878
Time deposits under $250,000	429,370	347,774
Time deposits $250,000 and over	356,051	266,612
Total deposits	1,419,526	1,251,290
Borrowings from Federal Home Loan Bank	30,000	40,000
Accrued interest payable and other liabilities	11,323	8,525
Total liabilities	1,460,849	1,299,815
Commitments and contingent liabilities
Preferred stock, 10,000,000 shares authorized, no par value, 0 issued and outstanding shares	0	0
Common stock, 60,000,000 shares authorized, no par value; issued and outstanding 15,972,914 shares at September 30, 2018 and 13,417,899 at December 31, 2017	171,495	125,430
Additional paid-in capital	3,158	2,941
Retained earnings	31,325	15,036
Accumulated other comprehensive loss, net	(3,040)	(1,223)
Total shareholders’ equity	202,938	142,184
Total liabilities and shareholders’ equity	$ 1,663,787	$ 1,441,999

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Securities held-to-maturity, fair value	$ 21,117	$ 20,997
Preferred stock, authorized (in shares)	10,000,000	10,000,000
Preferred stock, issued (in shares)	0	0
Preferred stock, outstanding (in shares)	0	0
Common stock, authorized (in shares)	60,000,000	60,000,000
Common stock, issued (in shares)	15,972,914	13,417,899
Common stock, outstanding (in shares)	15,972,914	13,417,899

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Interest income:
Interest and fees on loans	$ 19,699	$ 16,000	$ 55,749	$ 44,684
Interest on tax-exempt investment securities	39	46	120	142
Interest on investment securities	892	700	2,528	1,700
Interest and dividends on other interest-earning assets	866	344	2,071	870
Total interest income	21,496	17,090	60,468	47,396
Interest expense:
Interest on deposits	4,643	2,534	12,101	6,983
Interest on borrowings	137	173	475	176
Total interest expense	4,780	2,707	12,576	7,159
Net interest income	16,716	14,383	47,892	40,237
Provision for loan losses	417	586	937	114
Net interest income after provision for loan losses	16,299	13,797	46,955	40,123
Noninterest income:
Service charges and fees on deposits	613	555	1,775	1,632
Servicing income	578	674	1,789	1,841
Gain on sale of loans	1,328	2,159	4,477	6,873
Other income	297	295	847	798
Total noninterest income	2,580	3,461	8,215	10,532
Noninterest expense:
Salaries and employee benefits	5,840	5,594	18,239	16,689
Occupancy and equipment	1,244	1,073	3,634	3,259
Professional fees	213	445	1,724	1,341
Marketing and business promotion	555	500	1,484	1,220
Data processing	314	276	911	786
Director fees and expenses	220	198	661	541
Loan related expenses	83	98	205	301
Regulatory assessments	192	108	469	309
Other expenses	859	666	2,764	1,829
Total noninterest expense	9,520	8,958	30,091	26,275
Income before income taxes	9,359	8,300	25,079	24,380
Income tax expense	2,816	3,494	7,510	10,316
Net income	$ 6,543	$ 4,806	$ 17,569	$ 14,064
Earnings per common share, basic (in dollars per share)	$ 0.44	$ 0.36	$ 1.27	$ 1.05
Earnings per common share, diluted (in dollars per share)	0.44	0.35	1.25	1.04
Dividend paid per common share (in dollars per share)	$ 0.03	$ 0.03	$ 0.09	$ 0.09
Weighted-average common shares outstanding, basic (in shares)	14,730,120	13,412,407	13,865,190	13,405,413
Weighted-average common shares outstanding, diluted (in shares)	14,924,546	13,544,855	14,051,561	13,530,450
Service charges and fees on deposits
Noninterest income:
Service charges and fees on deposits	$ 377	$ 333	$ 1,102	$ 1,020

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Statement of Comprehensive Income [Abstract]
Net income	$ 6,543	$ 4,806	$ 17,569	$ 14,064
Other comprehensive income (loss):
Unrealized gain (loss) on securities available-for-sale arising during the period	(604)	9	(2,564)	120
Income tax benefit (expense) related to items of other comprehensive income	176	(3)	747	(49)
Total other comprehensive income (loss), net of tax	(428)	6	(1,817)	71
Total comprehensive income	$ 6,115	$ 4,812	$ 15,752	$ 14,135

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Common stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss
Beginning balance at Dec. 31, 2016	$ 127,007	$ 125,094	$ 2,444	$ 0	$ (531)
Beginning balance (in shares) at Dec. 31, 2016		13,391,222
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	14,064			14,064
Other comprehensive income (loss), net of tax	71				71
Share-based compensation expense	522		522
Stock options exercised	86	$ 267	(181)
Stock options exercised (in shares)		21,971
Retirement of fractional shares	(2)	$ (2)
Retirement of fractional shares (in shares)		(134)
Cash dividends declared on common stock ($0.09 per common share)	(1,207)			(1,207)
Balance at end of period at Sep. 30, 2017	140,541	$ 125,359	2,785	12,857	(460)
Ending balance (in shares) at Sep. 30, 2017		13,413,059
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	4,806
Other comprehensive income (loss), net of tax	6
Balance at end of period at Sep. 30, 2017	140,541	$ 125,359	2,785	12,857	(460)
Ending balance (in shares) at Sep. 30, 2017		13,413,059
Beginning balance at Dec. 31, 2017	$ 142,184	$ 125,430	2,941	15,036	(1,223)
Beginning balance (in shares) at Dec. 31, 2017	13,417,899	13,417,899
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 17,569			17,569
Other comprehensive income (loss), net of tax	(1,817)				(1,817)
Stock issued under stock offering, net of expenses	45,537	$ 45,537
Stock issued under stock offering, net of expenses (in shares)		2,508,234
Share-based compensation expense	486		486
Stock options exercised	$ 259	$ 528	(269)
Stock options exercised (in shares)	46,781	46,781
Cash dividends declared on common stock ($0.09 per common share)	$ (1,280)			(1,280)
Balance at end of period at Sep. 30, 2018	$ 202,938	$ 171,495	3,158	31,325	(3,040)
Ending balance (in shares) at Sep. 30, 2018	15,972,914	15,972,914
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 6,543
Other comprehensive income (loss), net of tax	$ (428)
Stock options exercised (in shares)	29,466
Balance at end of period at Sep. 30, 2018	$ 202,938	$ 171,495	$ 3,158	$ 31,325	$ (3,040)
Ending balance (in shares) at Sep. 30, 2018	15,972,914	15,972,914

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parenthetical) - $ / shares	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Statement of Stockholders' Equity [Abstract]
Cash dividends declared on common stock (in dollars per share)	$ 0.09	$ 0.09

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Cash flows from operating activities
Net income	$ 17,569	$ 14,064
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of premises and equipment	926	834
Amortization of net premiums on securities	577	570
Amortization of servicing assets	1,931	1,617
Provision for loan losses	937	114
Deferred tax expense (benefit)	386	(1,336)
Stock-based compensation	486	522
Gain on sale of loans	(4,477)	(6,873)
Originations of loans held-for-sale	(78,478)	(109,403)
Proceeds from sales of and principal collected on loans held-for-sale	76,310	118,170
Change in accrued interest receivable and other assets	989	(751)
Change in accrued interest payable and other liabilities	2,798	2,239
Net cash provided by operating activities	19,954	19,767
Investing activities:
Purchase of securities available-for-sale	(26,073)	(53,461)
Proceeds from maturities, calls, and paydowns of securities available-for-sale	17,543	12,783
Purchase of securities held-to-maturity	(2,011)	(4,133)
Proceeds from maturities and paydowns of securities held-to-maturity	1,078	1,894
Proceeds from sale of loans held-for-investment	7,208	0
Net change in loans receivable	(128,487)	(117,657)
Purchase of Federal Home Loan Bank stock	(844)	(903)
Proceeds from sale of other real estate owned	102	291
Purchases of premises and equipment	(824)	(1,005)
Net cash used in investing activities	(132,308)	(162,191)
Financing activities:
Net increase in deposits	168,236	121,462
Proceeds from long-term borrowings from Federal Home Loan Bank	0	40,000
Repayment of long-term borrowings from Federal Home Loan Bank	(10,000)	0
Stock options exercised	259	84
Stock issued under stock offering, net of expenses	45,537	0
Cash dividends paid on common stock	(1,280)	(1,207)
Net cash provided by financing activities	202,752	160,339
Net increase in cash and cash equivalents	90,398	17,915
Cash and cash equivalents at beginning of year	73,658	69,951
Cash and cash equivalents at end of year	164,056	87,866
Supplemental disclosures of cash flow information:
Interest paid	9,863	7,035
Income taxes paid	5,359	8,039
Supplemental disclosures of non-cash investment activities:
Loans transferred to loans held-for-sale	$ 7,034	$ 0

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies	9 Months Ended
	Sep. 30, 2018
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 Pacific City Financial Corporation (collectively, with its consolidated subsidiary, "the Company," "we," "us" or "our") is a bank holding company whose subsidiary is Pacific City Bank ("the Bank"). The Bank is a single operating segment that operates eleven full-service branches in Los Angeles and Orange counties, California, one full-service branch in each of Fort Lee, New Jersey and Bayside, New York, and nine loan production offices in Irvine and Los Angeles, California; Annandale, Virginia; Chicago, Illinois; Atlanta, Georgia; Bellevue, Washington; Aurora, Colorado; Carrollton, Texas; and New York, New York. The Bank offers a broad range of loans, deposits, and other products and services predominantly to small and middle market businesses and individuals. Basis of Presentation The accompanying unaudited interim consolidated financial statements have been prepared pursuant to Article 10 of SEC Regulation S-X and other SEC rules and regulations for reporting on Form 10-Q. Accordingly, certain disclosures required by U.S. generally accepted accounting principles ("GAAP") are not included herein. These interim statements should be read in conjunction with the audited consolidated financial statements and notes thereto for the years ended December 31, 2017 and 2016 that were included in the Company’s registration statement on Form S-1 filed with the SEC on July 17, 2018 (333-226208) and declared effective by the SEC on August 9, 2018. In the opinion of management of the Company, the accompanying unaudited interim consolidated financial statements reflect all of the adjustments (consisting of normal recurring adjustments) necessary for a fair presentation of the consolidated financial condition and consolidated results of operations as of the dates and for the periods presented. Certain reclassifications have been made in the prior period financial statements to conform to the current period presentation. The results of operations for the three and nine months ended September 30, 2018 are not necessarily indicative of the results that may be expected for the year ending December 31, 2018. Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly owned subsidiary as of September 30, 2018 and December 31, 2017 and for the three and nine months ended September 30, 2018 and 2017 . 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. Significant Accounting Policies The Company’s accounting policies are based upon GAAP and conform to predominant practices within the banking industry. The Company has not made any significant changes in its critical accounting policies from those disclosed in Note 1 to the Consolidated Financial Statements for the years ended December 31, 2017 and 2016 that were included in its registration statement on Form S-1 filed with the SEC on July 17, 2018 (333-226208) and declared effective by the SEC on August 9, 2018. Refer to Adopted Accounting Pronouncements below for discussion of accounting pronouncements adopted during the nine months ended September 30, 2018 . Use of Estimates in the Preparation of Financial Statements The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. These estimates are subject to change and such change could have a material effect on the consolidated financial statements. Actual results may differ from those estimates. Adopted Accounting Pronouncements During the nine months ended September 30, 2018 , the following accounting pronouncements applicable to the Company were adopted: In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standard Update ("ASU") 2014-09, " Revenue from Contracts with Customers (Topic 606)." This ASU clarifies principles for recognizing revenue from contracts with customers and supersedes current guidelines, Topic 605 - " Revenue Recognition," and most industry specific guidance. The principal of this ASU is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve this principle, an entity should apply the following "Five-steps Model" prescribed in Accounting Standard Codification ("ASC") 606: (i) identify the contract(s) with a customer; (ii) identify the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligations in the contract; and (v) recognize revenue when (or as) the entity satisfies a performance obligation. This ASU also specifies the accounting for some costs to obtain or fulfill a contract with a customer. The amended disclosure guidance requires sufficient information to enable users of financial statements to understand the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. This ASU, as amended by ASU 2015-14, ASU 2016-08, ASU 2016-10, ASU 2016-12, ASU 2016-20, ASU 2017-13, and ASU 2017-14, is effective for interim and annual periods beginning after December 15, 2017, and entities have the option of using either a modified retrospective or full retrospective approach for the adoption. The Company adopted this guidance on January 1, 2018 utilizing the modified retrospective approach. The Company’s source of revenue is net interest income and noninterest income. The scope of this ASU explicitly excludes net interest income and other revenues from transactions involving financial instruments, such as loans and securities. The Company identified and reviewed fees and service charges on deposit accounts and income and expense from other real estate owned ("OREO"), which are within the scope of this ASU. Based on this analysis performed, the Company concluded this ASU did not have significant changes to the method in which the Company recognizes these revenue streams. Adoption of this ASU did not have a material impact on the Company's consolidated financial statements. See note 13 for additional information. In January 2016, the FASB issued ASU 2016-01, "Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurements of Financial Assets and Financial Liabilities." The amendments in this ASU require equity investments (except those accounted for under the equity method of accounting, or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income; simplifies the impairment assessment of equity investments by requiring a qualitative assessment; eliminates the requirement for public business entities to disclose methods and assumptions for financial instruments measured at amortized cost on the statement of financial condition; requires the exit price notion to be used when measuring the fair value of financial instruments for disclosure purposes; requires an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability; requires separate presentation of financial assets and liabilities by measurement category; and certain other requirements. This ASU became effective for fiscal years beginning after December 15, 2017. The Company adopted this guidance on January 1, 2018 and the adoption of this ASU did not have a material impact on the Company’s consolidated financial statements. See note 2 for additional information. Recent Accounting Pronouncements Not Yet Adopted The following are recently issued accounting pronouncements applicable to the Company that have not yet been adopted: In February 2016, the FASB issued ASU 2016-02, "Leases (Topic 842)." In July 2018, the FASB issued ASU 2018-10, "Codification Improvements to Topic 842, Leases," and ASU 2018-11, "Leases Topic 842, Targeted Improvements," to provide additional clarification, implantation, and transition guidance on certain aspects of ASU 2016-02. The amendments in ASU 2016-02 require lessees to recognize lease assets and lease liabilities for both leases classified as operating leases and finance leases, except leases with a term of 12 months or less where lessees are permitted to make an accounting policy election by class of underlying asset not to recognize lease assets and lease liabilities. For leases with a term of greater than 12 months, lessees are required to recognize a liability to make lease payments and a right-of-use assets representing its right to use the underlying asset for the lease term measured at the present value of the lease payments. ASU 2016-02 and ASU 2018-10 are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years for a public business entity. Under ASU 2018-11, an additional transition option was provided that would allow entities to not apply the new guidance in the comparative periods they present in their financial statements in the year of adoption. Under this optional transition method, entities will be allowed to continue using and presenting leases under ASC 840 for prior years comparative periods and then prospectively adopt ASC 842 on January 1, 2019, recognizing a cumulative-effect adjustment to the opening balance of retained earnings. At September 30, 2018 , the future lease rental payable under non-cancelable operating lease commitments for the Company’s offices and loan production offices were $11.4 million . The Company is in the process of evaluating the impact that adoption of this ASU may have on its consolidated financial statements. In June 2016, the FASB issued 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 is effective for public business entities that are SEC filers for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The Company has formed a committee, developed an implementation plan, and engaged a software vendor to assist the Company to build a model. The Company is in the process of completing a readiness assessment and is engaged in the implementation phase of the project. The Company is working on: (i) developing a new expected loss model with supportable assumptions; (ii) identifying data, reporting, and disclosure gaps; (iii) assessing updates to accounting and credit risk policies; and (iv) documenting new processes and controls. Based on the Company’s initial assessment of this ASU, the Company expects to recognize a one-time cumulative effect adjustment to the allowance for loan losses which could potentially have a material impact on its consolidated financial statements as of the beginning of the first reporting period in which this ASU is effective. In March 2017, the FASB issued ASU 2017-08, "Receivables - Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities." The amendments in this ASU shorten the amortization period for certain callable debt securities acquired at a premium. Specifically, the amendments require the premium to be amortized to the earliest call date. The amendments do not require an accounting change for securities held at a discount, which continue to be amortized to maturity. Public business entities must prospectively apply the amendments in this ASU to annual periods beginning after December 15, 2018, including interim periods. The Company believes the adoption of this guidance will not have a material impact on its consolidated financial statements.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2018
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, impaired loans, servicing assets and other real estate owned ("OREO") are recorded at fair value on a non-recurring basis. Non-recurring fair value measurements typically involve assets that are periodically evaluated for impairment and for which any impairment is recorded in the period in which the re-measurement is performed. The following is a description of valuation methodologies used for assets and liabilities recorded at fair value: Investment securities : The fair values of securities available-for-sale are determined by obtaining quoted prices on nationally recognized securities exchanges (Level 1) or matrix pricing, which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted prices for specific securities but rather by relying on the securities’ relationship to other benchmark quoted securities (Level 2). Management reviews the valuation techniques and assumptions used by the provider and determines that the provider uses widely accepted valuation techniques based on observable market inputs appropriate for the type of security being measured. Securities held-to-maturity are not measured at fair value on a recurring basis. Loans held-for-sale : The Company records SBA loans held-for-sale, residential property loans held-for-sale and certain non-residential real estate loans held-for-sale at the lower of cost or fair value, on an aggregate basis. The Company obtains fair values from a third party independent valuation service provider. Loans held-for-sale accounted for at the lower of cost or fair value are considered to be recognized at fair value when they are recorded at below cost, on an aggregate basis, and are classified as Level 2. Impaired loans : The Company records fair value adjustments on certain loans that reflect (i) partial write-downs, through charge-offs or specific reserve allowances, that are based on the current appraised or market-quoted value of the underlying collateral 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 impaired loans are obtained from real estate brokers or other third-party consultants, and are classified as Level 3. Servicing Assets: Servicing assets represent the value associated with servicing loans that have been sold. The fair value for servicing assets is determined through discounted cash flow analysis and utilizes discount rates and prepayment speed assumptions as inputs. All of these assumptions require a significant degree of management estimation and judgment. The fair market valuation is performed on a quarterly basis for servicing assets. Servicing assets are accounted for at the lower of cost or market value and considered to be recognized at fair value when they are recorded at below cost and are classified as Level 3. 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. Assets and Liabilities Measured at Fair Value on a Recurring Basis The following table presents the Company’s assets and liabilities measured at fair value on a recurring basis as of dates indicated: Fair Value Measurement Level ($ in thousands) Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total September 30, 2018 Securities available-for-sale: U.S. government and agency securities $ — $ 23,544 $ — $ 23,544 Municipal bonds — 787 — 787 Mortgage-backed securities — 56,224 — 56,224 Collateralized mortgage obligations — 54,534 — 54,534 Total securities available-for-sale — 135,089 — 135,089 Total assets measured at fair value on a recurring basis $ — $ 135,089 $ — $ 135,089 Total liabilities measured at fair value on a recurring basis $ — $ — $ — $ — December 31, 2017 Securities available-for-sale: U.S. government and agency securities $ — $ 24,925 $ — $ 24,925 Municipal bonds — 2,375 — 2,375 Mortgage-backed securities — 51,904 — 51,904 Collateralized mortgage obligations — 50,485 — 50,485 Total securities available-for-sale — 129,689 — 129,689 Total assets measured at fair value on a recurring basis $ — $ 129,689 $ — $ 129,689 Total liabilities measured at fair value on a recurring basis $ — $ — $ — $ — Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis The following table presents the Company’s assets and liabilities measured at fair value on a non-recurring basis as of dates indicated: Fair Value Measurement Level ($ in thousands) Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total September 30, 2018 Impaired loans: SBA property $ — $ — $ 482 $ 482 Total impaired loans — — 482 482 Servicing assets - residential property loans — — 260 260 Total assets measured at fair value on a non-recurring basis $ — $ — $ 742 $ 742 Total liabilities measured at fair value on a non-recurring basis $ — $ — $ — $ — December 31, 2017 Total assets measured at fair value on a non-recurring basis $ — $ — $ — $ — Total liabilities measured at fair value on a non-recurring basis $ — $ — $ — $ — For assets measured at fair value, the following table presents the total net losses, which include charge-offs, recoveries, specific reserves, impairment on servicing assets, gain (loss) on sale of OREO, and OREO valuation write-downs recorded for the periods indicated: Three Months Ended September 30, Nine Months Ended September 30, ($ in thousands) 2018 2017 2018 2017 Collateral dependent impaired loans: Commercial property $ — $ — $ (53 ) $ — SBA property — (65 ) (151 ) (280 ) Servicing assets - residential property loans (4 ) — (4 ) — Other real estate owned — (3 ) 3 (9 ) Net losses recognized $ 59 $ (68 ) $ (205 ) $ (289 ) 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 for September 30, 2018 and an entry price notion for December 31, 2017. 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 Federal Home Loan Bank ("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 borrowings from FHLB 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 September 30, 2018 Financial assets: Interest-bearing deposits in other financial institutions $ 136,524 $ 136,524 $ 136,524 $ — $ — Securities available-for-sale 135,089 135,089 — 135,089 — Securities held-to-maturity 21,991 21,117 — 21,117 — Loans held-for-sale 12,957 — — 13,738 — Net loans held-for-investment 1,296,027 — — — 1,307,919 FHLB and other restricted stock 7,433 N/A N/A N/A N/A Accrued interest receivable 4,850 4,850 33 488 4,329 Financial liabilities: Deposits $ 1,419,526 $ — $ — $ — $ 1,386,260 Borrowings from FHLB 30,000 — — 29,377 — Accrued interest payable 4,964 4,964 — 46 4,918 December 31, 2017 Financial assets: Interest-bearing deposits in other financial institutions $ 56,996 $ 56,996 $ 56,996 $ — $ — Securities available-for-sale 129,689 129,689 — 129,689 — Securities held-to-maturity 21,070 20,997 — 20,997 — Loans held-for-sale 5,297 5,813 — 5,813 — Net loans held-for-investment 1,177,775 1,177,539 — — 1,177,539 FHLB and other restricted stock 6,589 N/A N/A N/A N/A Accrued interest receivable 4,251 4,251 25 533 3,693 Financial liabilities: Deposits $ 1,251,290 $ 1,250,259 $ — $ — $ 1,250,259 FHLB and other restricted stock 40,000 39,778 — 39,778 — Accrued interest payable 2,251 2,251 — 60 2,191

Investments Securities

Investments Securities	9 Months Ended
	Sep. 30, 2018
Investments, Debt and Equity Securities [Abstract]
Investments Securities	Investment Securities Debt and equity securities have been classified as available-for-sale or held-to-maturity in the consolidated balance sheet according to management’s intent. 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 September 30, 2018 Securities available-for-sale: U.S. government and agency securities $ 24,372 $ — $ (828 ) $ 23,544 Municipal bonds 789 1 (3 ) 787 Mortgage-backed securities 58,113 5 (1,894 ) 56,224 Collateralized mortgage obligations 56,321 11 (1,798 ) 54,534 Total securities available-for-sale $ 139,595 $ 17 $ (4,523 ) $ 135,089 Securities held-to-maturity: Municipal bonds $ 5,110 $ 18 $ (49 ) $ 5,079 Mortgage-backed securities 16,881 — (843 ) 16,038 Total securities held-to-maturity $ 21,991 $ 18 $ (892 ) $ 21,117 December 31, 2017 Securities available-for-sale: U.S. government and agency securities $ 25,231 $ 17 $ (323 ) $ 24,925 Municipal bonds 2,376 1 (2 ) 2,375 Mortgage-backed securities 52,565 8 (669 ) 51,904 Collateralized mortgage obligations 51,459 34 (1,008 ) 50,485 Total securities available-for-sale $ 131,631 $ 60 $ (2,002 ) $ 129,689 Securities held-to-maturity: Municipal bonds $ 5,263 $ 181 $ (5 ) $ 5,439 Mortgage-backed securities 15,807 8 (257 ) 15,558 Total securities held-to-maturity $ 21,070 $ 189 $ (262 ) $ 20,997 As of September 30, 2018 and December 31, 2017 , pledged securities were $112.3 million and $109.9 million , respectively. These securities were pledged for the State Deposit from the California State Treasurer. The following table presents the amortized cost and fair value of the investment securities by contractual maturity as of September 30, 2018 . Expected maturities may differ from contractual maturities, if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately. Securities Available-For-Sale Securities Held-To-Maturity ($ in thousands) Amortized Cost Fair Value Amortized Cost Fair Value Within one year $ — $ — $ 134 $ 133 One to five years — — 1,440 1,432 Five to ten years 4,360 4,292 1,220 1,203 Greater than ten years 20,801 20,039 2,316 2,311 Mortgage-backed securities and collateralized mortgage obligations 114,434 110,758 16,881 16,038 Total $ 139,595 $ 135,089 $ 21,991 $ 21,117 The following table presents proceeds from sales and calls of securities available-for-sale and the associated gross gains and losses realized through earnings upon the sales and calls of securities available-for-sale for the periods indicated: Three Months Ended September 30, Nine Months Ended September 30, ($ in thousands) 2018 2017 2018 2017 Gross realized gains on sales and calls of securities available-for-sale $ — $ — $ — $ — Gross realized losses on sales and calls of securities available-for-sale — — — — Net realized gains (losses) on sales and calls of securities available-for-sale $ — $ — $ — $ — Proceeds from sales and calls of securities available-for-sale $ — $ — $ 1,060 $ — Tax expense on sales and calls of securities available-for-sale $ — $ — $ — $ — The following table summarizes the investment securities with unrealized losses by security type and length of time in a continuous unrealized loss position as of the dates indicated: Length of Time that individual securities have been in a continuous unrealized loss position Less Than 12 Months 12 Months or Longer Total ($ in thousands) Fair Value Gross Unrealized Losses Number of Securities Fair Value Gross Unrealized Losses Number of Securities Fair Value Gross Unrealized Losses Number of Securities September 30, 2018 Securities available-for-sale: U.S. government and agency securities $ 6,978 $ (171 ) 5 $ 16,566 $ (657 ) 15 $ 23,544 $ (828 ) 20 Municipal bonds 592 (3 ) 1 — — — 592 (3 ) 1 Mortgage-backed securities 20,505 (418 ) 14 35,036 (1,476 ) 43 55,541 (1,894 ) 57 Collateralized mortgage obligations 12,000 (182 ) 8 32,799 (1,616 ) 32 44,799 (1,798 ) 40 Total securities available-for-sale $ 40,075 $ (774 ) 28 $ 84,401 $ (3,749 ) 90 $ 124,476 $ (4,523 ) 118 Securities held-to-maturity: Municipal bonds $ 3,791 $ (49 ) 13 — — — $ 3,791 $ (49 ) 13 Mortgage-backed securities 5,400 (204 ) 4 10,638 (639 ) 12 16,038 (843 ) 16 Total securities held-to-maturity $ 9,191 $ (253 ) 17 $ 10,638 $ (639 ) 12 $ 19,829 $ (892 ) 29 December 31, 2017 Securities available-for-sale: U.S. government and agency securities $ 11,736 $ (103 ) 9 $ 8,798 $ (220 ) 7 $ 20,534 $ (323 ) 16 Municipal bonds 1,115 (2 ) 2 — — — 1,115 (2 ) 2 Mortgage-backed securities 31,876 (352 ) 29 18,762 (317 ) 21 50,638 (669 ) 50 Collateralized mortgage obligations 31,191 (454 ) 19 16,284 (554 ) 19 47,475 (1,008 ) 38 Total securities available-for-sale $ 75,918 $ (911 ) 59 $ 43,844 $ (1,091 ) 47 $ 119,762 $ (2,002 ) 106 Securities held-to-maturity Municipal bonds $ 1,183 $ (5 ) 5 — — — $ 1,183 $ (5 ) 5 Mortgage-backed securities 7,997 (93 ) 6 5,739 (164 ) 7 13,736 (257 ) 13 Total securities held-to-maturity $ 9,180 $ (98 ) 11 $ 5,739 $ (164 ) 7 $ 14,919 $ (262 ) 18 In accordance with FASB ASC 320, Investments - Debt and Equity Securities , the Company performs an other-than-temporary impairment ("OTTI") assessment at least on a quarterly basis. OTTI is recognized when fair value is below the amortized cost where: (i) an entity has the intent to sell the security; (ii) it is more likely than not that an entity will be required to sell the security before recovery of its amortized cost basis; or (iii) an entity does not expect to recover the entire amortized cost basis of the security. All individual securities in a continuous unrealized loss position for 12 months or more as of September 30, 2018 and December 31, 2017 had an investment grade rating upon purchase. The issuers of these securities have not established any cause for default on these securities and various rating agencies have reaffirmed their long-term investment grade status as of September 30, 2018 and December 31, 2017 . 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. In addition, the unrealized losses on municipal bonds are not considered other-than-temporary impaired, as the bonds are rated investment grade and there are no credit quality concerns with the issuers. Interest payments have been made as scheduled, and management believes this will continue in the future until the bonds get paid in full. The Company determined that the investment securities with unrealized losses for twelve months or more are not other-than-temporary impaired, and, therefore, no impairment was recognized during the three and nine months ended September 30, 2018 and 2017 .

Loans and Allowance for Loan Lo

Loans and Allowance for Loan Losses	9 Months Ended
	Sep. 30, 2018
Receivables [Abstract]
Loans and Allowance for Loan Losses	Loans and Allowance for Loan Losses Loans Held-For-Investment The following table presents the composition of the Company’s loans held-for-investment as of the dates indicated: ($ in thousands) September 30, 2018 December 31, 2017 Real estate loans: Commercial property $ 703,250 $ 662,840 Residential property 215,340 168,898 SBA property 126,816 130,438 Construction 28,895 23,215 Total real estate loans 1,074,301 985,391 Commercial and industrial loans: Commercial term 96,102 77,438 Commercial lines of credit 72,219 60,850 SBA commercial term 28,312 30,199 Trade finance 10,353 1,920 Total commercial and industrial loans 206,986 170,407 Consumer loans 27,472 33,870 Loans held-for-investment 1,308,759 1,189,668 Deferred loan costs (fees) 365 331 Loans held-for-investment, net of deferred loan costs (fees) 1,309,124 1,189,999 Allowance for loan losses (13,097 ) (12,224 ) Net loans held-for-investment $ 1,296,027 $ 1,177,775 In the ordinary course of business, the Company may grant loans to certain officers and directors, and the companies with which they are associated. As of September 30, 2018 and December 31, 2017 , the Company had no such loans outstanding. Allowance for Loan Losses The following table presents the activities in allowance for loan losses by portfolio segment, which is consistent with the Company’s methodology for determining allowance for loan losses, for the three months ended September 30, 2018 and 2017 : Three Months Ended ($ in thousands) Real Estate Commercial and Industrial Consumer Total September 30, 2018 Balance at July 1, 2018 $ 9,323 $ 3,108 $ 190 $ 12,621 Charge-offs — (18 ) (26 ) (44 ) Recoveries on loans previously charged off 16 46 41 103 Provision for loan losses 269 108 40 417 Balance at September 30, 2018 $ 9,608 $ 3,244 $ 245 $ 13,097 September 30, 2017 Balance at July 1, 2017 $ 7,818 $ 3,058 $ 153 $ 11,029 Charge-offs (8 ) (72 ) (14 ) (94 ) Recoveries on loans previously charged off — 121 9 130 Provision (reversal) for loan losses 697 (121 ) 10 586 Balance at September 30, 2017 $ 8,507 $ 2,986 $ 158 $ 11,651 The following table presents the activities in allowance for loan losses by portfolio segment, which is consistent with the Company’s methodology for determining allowance for loan losses, for the nine months ended September 30, 2018 and 2017 : Nine Months Ended ($ in thousands) Real Estate Commercial and Industrial Consumer Total September 30, 2018 Balance at January 1, 2018 $ 8,507 $ 3,548 $ 169 $ 12,224 Charge-offs (204 ) (108 ) (167 ) (479 ) Recoveries on loans previously charged off 68 280 67 415 Provision (reversal) for loan losses 1,237 (476 ) 176 937 Balance at September 30, 2018 $ 9,608 $ 3,244 $ 245 $ 13,097 September 30, 2017 Balance at January 1, 2017 $ 7,497 $ 3,657 $ 166 $ 11,320 Charge-offs (8 ) (292 ) (56 ) (356 ) Recoveries on loans previously charged off 1 539 33 573 Provision (reversal) for loan losses 1,017 (918 ) 15 114 Balance at September 30, 2017 $ 8,507 $ 2,986 $ 158 $ 11,651 The following tables present the information on allowance for loan losses and recorded investments by portfolio segment and impairment methodology as of the dates indicated: ($ in thousands) Real Estate Commercial and Industrial Consumer Total September 30, 2018 Allowance for loan losses: Individually evaluated for impairment $ 5 $ 156 $ — $ 161 Collectively evaluated for impairment 9,603 3,088 245 12,936 Total $ 9,608 $ 3,244 $ 245 $ 13,097 Loans receivable: Individually evaluated for impairment $ 1,524 $ 401 $ — $ 1,925 Collectively evaluated for impairment 1,072,777 206,585 27,472 1,306,834 Total $ 1,074,301 $ 206,986 $ 27,472 $ 1,308,759 December 31, 2017 Allowance for loan losses: Individually evaluated for impairment $ — $ 208 $ — $ 208 Collectively evaluated for impairment 8,507 3,340 169 12,016 Total $ 8,507 $ 3,548 $ 169 $ 12,224 Loans receivable: Individually evaluated for impairment $ 3,191 $ 610 $ — $ 3,801 Collectively evaluated for impairment 982,200 169,797 33,870 1,185,867 Total $ 985,391 $ 170,407 $ 33,870 $ 1,189,668 Credit Quality Indicators The Company classifies loans into risk categories based on relevant information about the ability of borrowers to service their debt, such as current financial information, historical payment experience, collateral adequacy, credit documentation, and current economic trends, among other factors. The Company analyzes loans individually by classifying the loans in regards to credit risk. This analysis typically includes non-homogeneous loans, such as commercial property and commercial and industrial loans, and is performed on an ongoing basis as new information is obtained. The Company uses the following definitions for risk ratings: Pass - Loans classified as pass include non-homogeneous loans not meeting the risk ratings defined below and smaller, homogeneous loans not assessed on an individual basis. Special Mention - Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in the deterioration of repayment prospects for the loan or of the institution’s credit position at some future date. Substandard - Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans classified as substandard have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Doubtful - Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or repayment in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. The following table presents the risk categories for the recoded investment in loans by portfolio segment as of dates indicated: ($ in thousands) Pass Special Mention Substandard Doubtful Total September 30, 2018 Real estate loans: Commercial property $ 692,400 $ 9,942 $ 908 $ — $ 703,250 Residential property 215,340 — — — 215,340 SBA property 121,970 — 4,846 — 126,816 Construction 26,275 2,620 — — 28,895 Commercial and industrial loans: Commercial term 96,068 — 34 — 96,102 Commercial lines of credit 72,219 — — — 72,219 SBA commercial term 27,963 16 333 — 28,312 Trade finance 10,353 — — — 10,353 Consumer loans 27,358 — 114 — 27,472 Total $ 1,289,946 $ 12,578 $ 6,235 $ — $ 1,308,759 December 31, 2017 Real estate loans: Commercial property $ 657,511 $ 4,819 $ 510 $ — $ 662,840 Residential property 168,168 — 730 — 168,898 SBA property 124,837 2,435 3,166 — 130,438 Construction 23,215 — — — 23,215 Commercial and industrial loans: Commercial term 77,261 — 177 — 77,438 Commercial lines of credit 60,840 — 10 — 60,850 SBA commercial term 29,831 4 364 — 30,199 Trade finance 1,920 — — — 1,920 Consumer loans 33,845 — 25 — 33,870 Total $ 1,177,428 $ 7,258 $ 4,982 $ — $ 1,189,668 Past Due and Nonaccrual Loans The following table presents the aging of past due recorded investment in accruing loans and nonaccrual loans by portfolio segment as of dates indicated: Still Accruing ($ in thousands) 30 to 59 Days Past Due 60 to 89 Days Past Due 90 or More Days Past Due Nonaccrual Total Past Due and Nonaccrual September 30, 2018 Real estate loans: Commercial property $ — $ — $ — $ 234 $ 234 Residential property 95 303 — — 398 SBA property — — — 970 970 Commercial and industrial loans: SBA commercial term 82 44 — 254 380 Consumer loans 160 79 — 114 353 Total $ 337 $ 426 $ — $ 1,572 $ 2,335 December 31, 2017 Real estate loans: Commercial property $ — $ — $ — $ 318 $ 318 Residential property 949 96 — 730 1,775 SBA property — — — 1,810 1,810 Commercial and industrial loans: Commercial term — — — 4 4 Commercial lines of credit — — — 10 10 SBA commercial term 2 — — 338 340 Consumer loans 262 32 — 24 318 Total $ 1,213 $ 128 $ — $ 3,234 $ 4,575 Nonaccrual loans included loans guaranteed by the U.S. government agency of none and $831 thousand , respectively, at September 30, 2018 and December 31, 2017 . Impaired Loans Loans are considered impaired in the following cases: (i) the loan is on nonaccrual, (ii) when principal or interest payments on the loan have been contractually past due for 90 days or more, unless the loan is both well-collateralized and in the process of collection, (iii) the loan is classified as a troubled debt restructuring ("TDR") where terms not typically granted by the Company were offered to the borrower, (iv) when current information or events make it unlikely to collect the loan balance in full according to the contractual terms of the loan agreement, (v) there is a deterioration in the borrower’s financial condition that raises uncertainty as to timely collection of either principal or interest, or (vi) full payment of both principal and interest of the loan according to the original contractual terms is in doubt. The following table presents loans individually evaluated for impairment by portfolio segment as of the dates indicated. The recorded investment presents customer balances net of any partial charge-offs recognized on the loans and net of any deferred fees and costs. With No Allowance Recorded With an Allowance Recorded ($ in thousands) Recorded Investment Unpaid Principal Balance Recorded Investment Unpaid Principal Balance Related Allowance September 30, 2018 Real estate loans: Commercial property $ 234 $ 234 $ — $ — $ — SBA property 808 891 482 481 5 Commercial and industrial loans: Commercial term 80 86 — — — SBA commercial term 92 127 229 243 156 Total $ 1,214 $ 1,338 $ 711 $ 724 $ 161 December 31, 2017 Real estate loans: Commercial property $ 318 $ 494 $ — $ — $ — Residential property 730 730 — — — SBA property 2,143 3,639 — — — Commercial and industrial loans: Commercial term 199 216 — — — Commercial lines of credit 10 20 — — — SBA commercial term 122 288 279 354 208 Total $ 3,522 $ 5,387 $ 279 $ 354 $ 208 The following table presents information on the recorded investment in impaired loans by portfolio segment for the three months ended September 30, 2018 and 2017 : Three Months Ended September 30, 2018 2017 ($ in thousands) Average Recorded Investment Interest Income Average Recorded Investment Interest Income Real estate loans: Commercial property $ 237 $ — $ 353 $ — SBA property 1,297 5 1,950 20 Commercial and industrial loans: Commercial term 85 1 612 4 Commercial lines of credit — — 822 — SBA commercial term 331 1 659 1 Total $ 1,950 $ 7 $ 4,396 $ 25 The following table presents information on the recorded investment in impaired loans by portfolio segment for the nine months ended September 30, 2018 and 2017 : Nine Months Ended September 30, 2018 2017 ($ in thousands) Average Recorded Investment Interest Income Average Recorded Investment Interest Income Real estate loans: Commercial property $ 266 $ — $ 336 $ 5 Residential property 274 — — — SBA property 1,329 16 1,973 48 Commercial and industrial loans: Commercial term 124 6 702 13 Commercial lines of credit 7 — 1,083 — SBA commercial term 420 7 715 4 Total $ 2,420 $ 29 $ 4,809 $ 70 The following presents a summary of interest foregone on impaired loans for the periods indicated: Three Months Ended September 30, Nine Months Ended September 30, ($ in thousands) 2018 2017 2018 2017 Interest income that would have been recognized had impaired loans performed in accordance with their original terms $ 34 $ 54 $ 163 $ 186 Less: interest income recognized on impaired loans on a cash basis (8 ) (25 ) (63 ) (95 ) Interest income foregone on impaired loans $ 26 $ 29 $ 100 $ 91 Troubled Debt Restructurings A TDR is a restructuring in which the Company, for economic or legal reasons related to a borrower’s financial difficulties, grants a concession to the borrower that it would not otherwise consider. The restructuring of a loan includes, but is not limited to: (i) the transfer from the borrower to the Company of real estate, receivables from third parties, other assets, or an equity interest in full or partial satisfaction of the loan, (ii) a modification of the loan terms, such as a reduction of the stated interest rate, principal, or accrued interest or an extension of the maturity date at a stated interest rate lower than the current market rate for new debt with similar risk, or (iii) a combination of the above. A loan extended or renewed at a stated interest rate equal to the current interest rate for new debt with similar risk is not to be reported as a restructured loan. The following table presents the composition of loans that were modified as TDRs by portfolio segment as of the dates indicated: September 30, 2018 December 31, 2017 ($ in thousands) Accruing Nonaccrual Total Accruing Nonaccrual Total Real estate loans: Commercial property $ — $ 234 $ 234 $ — $ 318 $ 318 SBA property 319 — 319 334 1,039 1,373 Commercial and industrial loans: Commercial term 80 — 80 195 4 199 Commercial lines of credit — — — — 10 10 SBA commercial term 68 224 292 63 304 367 Total $ 467 $ 458 $ 925 $ 592 $ 1,675 $ 2,267 During the three months ended September 30, 2018 and 2017 , there were no new loans that were modified as TDRs. The following table presents new loans that were modified as TDRs by portfolio segment during the nine months ended September 30, 2018 and 2017 : Nine Months Ended September 30, 2018 2017 ($ in thousands) Number of Loans Pre-Modification Recorded Investment Post-Modification Recorded Investment Number of Loans Pre-Modification Recorded Investment Post-Modification Recorded Investment Real estate loans: Commercial property — $ — $ — 1 $ 312 $ 312 Commercial and industrial loans: Commercial term — — — 1 7 7 Total — $ — $ — 2 $ 319 $ 319 The Company had no commitments to lend to customers with outstanding loans that were classified as TDRs as of September 30, 2018 and December 31, 2017 . The determination of the allowance for loan losses related to TDRs depends on the collectability of principal and interest, according to the modified repayment terms. Loans that were modified as TDRs were individually evaluated for impairment and the Company allocated $155 thousand and $208 thousand of allowance for loan losses as of September 30, 2018 and December 31, 2017 , respectively. During the three months ended September 30, 2018 and 2017 , there were no loans that were modified as TDRs for which there was a payment default within twelve months following the modification. The following table presents information on loans that were modified as TDRs for which there was a payment default within twelve months following the modification for the nine months ended September 30, 2018 and 2017 : Nine Months Ended September 30, 2018 2017 ($ in thousands) Number of Loans Recorded Investment at Date of Default Number of Loans Recorded Investment at Date of Default Commercial and industrial loans: SBA commercial term 2 $ 233 1 $ 2 Total 2 $ 233 1 $ 2 Purchases, Sales, and Transfers The Company did no t transfer any loans held-for-investment to loans held-for-sale during the three months ended September 30, 2018 . During the nine months ended September 30, 2018 , the Company transferred $1.1 million of commercial property loans and $6.0 million of residential property loans. The Company did not transfer any loans held-for-investment to loans held-for-sale during the three and nine months ended September 30, 2017 . The Company had no sales or purchases of loans held-for-investment during the three and nine months ended September 30, 2018 and 2017 . Loans Held-For-Sale The following table presents a composition of loans held-for-sale as of the dates indicated: ($ in thousands) September 30, 2018 December 31, 2017 Real estate loans: Commercial property $ 1,660 $ — Residential property — 270 SBA property 9,834 3,491 Commercial and industrial loans: SBA commercial term 1,463 1,536 Total $ 12,957 $ 5,297 Loans held-for-sale are carried at the lower of cost or fair value. When a determination is made at the time of commitment to originate as held-for-investment, it is the Company’s intent to hold these loans to maturity or for the "foreseeable future," subject to periodic reviews under the Company’s management evaluation processes, including asset/liability management and credit risk management. When the Company subsequently changes its intent to hold certain loans, the loans are transferred to held-for-sale at the lower of cost or fair value. Certain loans are transferred to held-for-sale with write-downs to allowance for loan losses.

Servicing Assets

Servicing Assets	9 Months Ended
	Sep. 30, 2018
Transfers and Servicing [Abstract]
Servicing Assets	Servicing Assets At September 30, 2018 and December 31, 2017 , total servicing assets were $8.1 million and $9.0 million , respectively. Underlying loans being serviced at September 30, 2018 and December 31, 2017 totaled $534.0 million and $543.3 million , respectively. The Company sold loans of $23.1 million and $29.5 million , respectively, with the servicing rights retained and recognized a net gain on sale of $1.3 million and $2.1 million , respectively, during the three months ended September 30, 2018 and 2017 . During the nine months ended September 30, 2018 and 2017 , the Company sold loans of $71.5 million and $98.1 million , respectively, with the servicing rights retained and recognized a net gain on sale of $4.4 million and $6.8 million , respectively. Loan servicing income was $578 thousand and $674 thousand , respectively, for the three months ended September 30, 2018 and 2017 and $1.8 million for both the nine months ended September 30, 2018 and 2017 . All classes of servicing assets are measured using the amortization method and evaluated for impairment quarterly by comparing the fair value of the servicing right to the carrying amount. Fair value is estimated by stratifying the loans sold between mortgage and non-mortgage loans and discounting estimated future cash flows from the servicing assets using discount rates that approximate current market rates over the expected lives of the loans being serviced. For the purposes of measuring impairment, the Company has identified each servicing asset with the underlying loan being serviced, and a valuation allowance is recorded when the fair value is below the carrying amount. During the three months ended September 30, 2018 , the Company recorded a valuation allowance of $4 thousand on residential property loan servicing assets and reversed a valuation allowance of $63 thousand that was previously recorded on SBA property loan servicing assets. No valuation allowance was recorded during the three and nine months ended September 30, 2017 . The following table presents the composition of servicing assets with key assumptions used to estimate the fair value: September 30, 2018 December 31, 2017 ($ in thousands) Residential Property SBA Property SBA Commercial Term Residential Property SBA Property SBA Commercial Term Carrying amount $ 260 $ 6,741 $ 1,113 $ 308 $ 7,369 $ 1,296 Fair value $ 260 $ 7,079 $ 1,225 $ 346 $ 7,991 $ 1,400 Discount rates 11.25 % 13.25 % 12.75 % 10.50 % 13.25 % 12.75 % Prepayment speeds 32.00 % 14.00 % 13.10 % 25.60 % 10.50 % 10.60 % Weighted average remaining life 25.2 years 21.8 years 7.7 years 25.7 years 22.1 years 8.2 years The following table presents activity in servicing assets for the three months ended September 30, 2018 and 2017 : Three Months Ended September 30, 2018 2017 ($ in thousands) Residential Property SBA Property SBA Commercial Term Residential Property SBA Property SBA Commercial Term Balance at beginning of period $ 285 $ 6,940 $ 1,165 $ 349 $ 7,164 $ 1,288 Additions — 297 55 — 494 165 Amortization (21 ) (559 ) (107 ) (28 ) (376 ) (117 ) Reversal of impairment (Impairment) (4 ) 63 — — — — Balance at end of period $ 260 $ 6,741 $ 1,113 $ 321 $ 7,282 $ 1,336 The following table presents activity in servicing assets for the nine months ended September 30, 2018 and 2017 : Nine Months Ended September 30, 2018 2017 ($ in thousands) Residential Property SBA Property SBA Commercial Term Residential Property SBA Property SBA Commercial Term Balance at beginning of period $ 308 $ 7,369 $ 1,296 $ 408 6,693 1,201 Additions 22 865 189 — 1,766 488 Amortization (66 ) (1,493 ) (372 ) (87 ) (1,177 ) (353 ) Impairment (4 ) — — — — — Balance at end of period $ 260 $ 6,741 $ 1,113 $ 321 7,282 1,336

Borrowings from Federal Home Lo

Borrowings from Federal Home Loan Bank and Other Borrowings	9 Months Ended
	Sep. 30, 2018
Debt Disclosure [Abstract]
Borrowings from Federal Home Loan Bank and Other Borrowings	Borrowings from Federal Home Loan Bank and Other Borrowings Borrowings from FHLB The Company had $30.0 million and $40.0 million in borrowings from FHLB at September 30, 2018 and December 31, 2017 , respectively. Borrowings from FHLB consisted of fixed interest rates with original maturity terms ranging from 2 to 5 years and weighted-average interest rate of 1.81% at September 30, 2018 . At December 31, 2017 , borrowings from FHLB consisted of fixed interest rates with original maturity terms ranging from 1 to 5 years and weighted-average interest rate of 1.71% . Each borrowing is payable at its maturity date. Borrowings paid early are subject to a prepayment penalty. At September 30, 2018 and December 31, 2017 , loans pledged to secure borrowings from the FHLB were $776.5 million and $711.8 million , respectively. The Company’s investment in capital stock of the FHLB of San Francisco totaled $7.3 million and $6.4 million , respectively, at September 30, 2018 and December 31, 2017 . The Company had additional borrowing capacity of $374.8 million and $311.0 million , respectively, from the FHLB as of September 30, 2018 and December 31, 2017 . Other Borrowing Arrangements At September 30, 2018 , the Company had $49.9 million of unused borrowing capacity from the Federal Reserve Discount Window, to which the Company pledged loans with a carrying value of $56.4 million with no outstanding borrowings. In addition, the Company may borrow up to approximately $60.0 million overnight federal funds lines on an unsecured basis with correspondent banks at September 30, 2018 .

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2018
Equity [Abstract]
Stockholders' Equity	Shareholders’ Equity Common Stock On August 14, 2018, the Company issued and sold 2,385,000 shares of its common stock at an offering price of $20.00 in an underwritten public offering, for gross proceeds of approximately $47.7 million . The underwriters were granted a 30 -day option to purchase up to an additional 357,750 shares of common stock at the initial public offering price less the underwriting discount. Concurrently with the initial public offering, the Company's common stock began trading on the Nasdaq Global Select Market under the symbol "PCB." On September 5, 2018, the Company issued an additional 123,234 shares of its common stock upon the exercise by the underwriters of a portion of their 30 -day option, for additional gross proceeds of approximately $2.5 million . Aggregate net proceeds from the offering were $45.5 million after deducting underwriting discounts and commissions and estimated offering expenses. Change in Accumulated Other Comprehensive Loss Components of accumulated other comprehensive loss consisted solely of the change in unrealized gains or losses on securities available-for-sale, net of taxes. Reclassifications from accumulated other comprehensive loss are recorded in the Consolidated Statements of Income either as a gain or loss. The following table presents changes to accumulated other comprehensive loss for the periods indicated: Three Months Ended September 30, Nine Months Ended September 30, ($ in thousands) 2018 2017 2018 2017 Unrealized loss on securities available-for-sale: Beginning balance $ (2,612 ) $ (466 ) $ (1,223 ) $ (531 ) Other comprehensive income (loss) Unrealized gain (loss) arising during the period (604 ) 9 (2,564 ) 120 Tax effect of current period changes 176 (3 ) 747 (49 ) Total other comprehensive income (loss) (428 ) 6 (1,817 ) 71 Balance at end of period $ (3,040 ) $ (460 ) $ (3,040 ) $ (460 )

Share-Based Compensation

Share-Based Compensation	9 Months Ended
	Sep. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-Based Compensation	Share-Based Compensation On July 25, 2013, the Company adopted 2013 Equity Based Stock Compensation Plan ("2013 EBSC Plan") approved by its shareholders to replace the 2003 Stock Option Plan. The 2013 EBSC Plan provided for options to purchase 1,114,942 shares of common stock at a price not less than 100% of the fair market value of the stock. As of September 30, 2018 , there were 606,896 shares available for future grants. Share-Based Compensation Expense The Company recognized share-based compensation expense of $147 thousand and $175 thousand , respectively, and realized income tax benefits of $13 thousand and $22 thousand , respectively, related to share-based compensation in the three months ended September 30, 2018 and 2017 . For the nine months ended September 30, 2018 and 2017 , the Company recognized share-based compensation expense of $486 thousand and $522 thousand , respectively, and realized income tax benefits of $38 thousand and $64 thousand , respectively, related to share-based compensation. As of September 30, 2018 , the Company had unrecognized share-based compensation expense of $1.6 million related to outstanding stock options that will be recognized over a weighted average period of 2.56 years . Stock Options The Company has issued stock options to certain employees, officers and directors. Stock options are issued at the closing market price on the grant date, and generally have a three -to five -year vesting period and contractual terms of ten years. The following table represents stock option activity as of and for three months ended September 30, 2018 : Three Months Ended September 30, 2018 ($ in thousands except per share data) Number of Shares Weighted-Average Exercise Price Per Share Weighted-Average Contractual Term Aggregated Intrinsic Value Outstanding at beginning of period 928,327 $ 9.55 6.93 years $ 7,239 Exercised (29,466 ) $ 6.23 5.16 years Forfeited (6,050 ) $ 10.33 7.08 years Balance at end of period 892,811 $ 9.66 6.73 years $ 8,646 Exercisable at end of period 289,575 $ 6.52 5.15 years $ 3,711 The following table represents stock option activity as of and for nine months ended September 30, 2018 : Nine Months Ended September 30, 2018 ($ in thousands except per share data) Number of Shares Weighted-Average Exercise Price Per Share Weighted-Average Contractual Term Aggregated Intrinsic Value Outstanding at beginning of period 859,635 $ 8.84 7.10 years $ 6,155 Granted 90,000 $ 14.95 9.38 years Exercised (46,781 ) $ 5.54 4.87 years Forfeited (10,043 ) $ 9.96 6.58 years Balance at end of period 892,811 $ 9.66 6.73 years $ 8,646 Exercisable at end of period 289,575 $ 6.52 5.15 years $ 3,711 The following table represents information regarding unvested stock options as of and for the three and nine months ended September 30, 2018 : Three Months Ended September 30, 2018 Nine Months Ended September 30, 2018 Number of Shares Weighted-Average Exercise Price Per Share Number of Shares Weighted-Average Exercise Price Per Share Outstanding at beginning of period 613,286 $ 11.17 578,154 $ 9.96 Granted — 90,000 $ 14.95 Vested (4,000 ) $ 14.00 (57,271 ) $ 5.29 Forfeited (6,050 ) $ 9.96 (7,647 ) $ 9.96 Balance at end of period 603,236 $ 11.16 603,236 $ 11.16

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2018
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income tax expense was $2.8 million and $3.5 million , respectively, and the effective tax rate was 30.1% and 42.1% , respectively, for the three months ended September 30, 2018 and 2017 . For the nine months ended September 30, 2018 and 2017 , income tax expense was $7.5 million and $10.3 million , respectively, and the effective tax rate was 29.9% and 42.3% , respectively. The decrease in effective tax rate was mainly due to a decrease in the federal statutory tax rate from 35% to 21% as a result of H.R. 1, originally known (and referred to below) as the Tax Cuts and Jobs Act, which became effective on January 1, 2018. At September 30, 2018 and December 31, 2017 , the Company had no unrecognized tax benefits, or accrued interest or penalties. 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 tax expense. The Company and its subsidiaries are subject to U.S. federal income tax as well as income tax in multiple state jurisdictions. The Company is no longer subject to the assessment of U.S. federal income tax for years before 2014. The statute of limitations for the assessment of California Franchise taxes has expired for tax years before 2013 (other state income and franchise tax statutes of limitations vary by state). On December 22, 2017, the Tax Cuts and Jobs Act was enacted into law and brought with it significant changes to the U.S Internal Revenue Code of 1986, as amended, that impact corporate taxation requirements. At September 30, 2018 , the Company did not have any material adjustments to the items previously recorded at year-end 2017 related to the tax reform legislation. At December 31, 2017, the Company early adopted ASU 2018-02, "Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income," which allowed a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act. As a result of the adoption, the Company recorded a decrease in accumulated other comprehensive income of $242 thousand and an increase in retained earnings for the same amount to eliminate the stranded tax effects at that date from the reduction in the federal statutory tax rate that was enacted in December 22, 2017 and became effective January 1, 2018.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2018
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 share used to compute earnings per share for the periods indicated: Three Months Ended September 30, Nine Months Ended September 30, ($ in thousands, except per share) 2018 2017 2018 2017 Basic earnings per share: Net income $ 6,543 $ 4,806 $ 17,569 $ 14,064 Weighted-average common shares outstanding 14,730,120 13,412,407 13,865,190 13,405,413 Basic earnings per share $ 0.44 $ 0.36 $ 1.27 $ 1.05 Diluted earnings per share: Net income $ 6,543 $ 4,806 $ 17,569 $ 14,064 Weighted-average commons shares outstanding 14,730,120 13,412,407 13,865,190 13,405,413 Diluted effect of stock options 194,426 132,448 186,371 125,037 Diluted weighted-average common shares outstanding 14,924,546 13,544,855 14,051,561 13,530,450 Diluted earnings per share $ 0.44 $ 0.35 $ 1.25 $ 1.04 There were no stock options excluded in computing diluted earnings per share because they were anti-dilutive for three and nine months ended September 30, 2018 and 2017 .

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2018
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. As of September 30, 2018 and December 31, 2017 , the Company had the following outstanding financial commitments whose contractual amount represents credit risk: ($ in thousands) September 30, 2018 December 31, 2017 Commitments to extend credit $ 118,764 $ 109,835 Standby letters of credit 4,613 3,309 Commercial letters of credit 777 233 Total $ 124,154 $ 113,377 The Company’s exposure to loan loss in the event of nonperformance on commitments to extend credit and standby letters of credit is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments as it does for the loans reflected in the consolidated financial statements. The Company maintained reserve for off-balance sheet items of $123 thousand and $121 thousand , respectively, at September 30, 2018 and December 31, 2017 . 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. As of September 30, 2018 and December 31, 2017 , the Company had operating lease commitments of $11.4 million and $12.7 million , respectively. 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.

Regulatory Matters

Regulatory Matters	9 Months Ended
	Sep. 30, 2018
Banking and Thrift [Abstract]
Regulatory Matters	Regulatory Matters Banks and bank holding companies are subject to regulatory capital requirements administered by federal banking agencies. Capital adequacy guidelines and, additionally for banks, prompt corrective action regulations, involve quantitative measures of assets, liabilities, and certain off-balance-sheet items calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgments by regulators. Failure to meet capital requirements can initiate regulatory action. The final rules implementing Basel Committee on Banking Supervision’s capital guidelines for U.S. banks ("Basel III rules") became effective for the Company on January 1, 2015 with full compliance with all of the requirements being phased in over a multi-year schedule, and fully phased in by January 1, 2019. Under the Basel III rules, the Company must hold a capital conservation buffer above the adequately capitalized risk-based capital ratios. The capital conservation buffer is being phased in from 0.0% for 2015 to 2.50% by 2019. Management believes as of September 30, 2018 and December 31, 2017 , the Company and the Bank met all capital adequacy requirements to which they are subject. The Company and the Bank's capital conservation buffer was 9.12% and 8.93% , respectively, as of September 30, 2018 , and 5.20% and 5.12% , respectively, as of December 31, 2017 . The following table presents the regulatory capital amounts and ratios for the Company and the Bank as of dates indicated: Actual Minimum Capital Requirement To Be Well Capitalized Under Prompt Corrective Provisions ($ in thousands) Amount Ratio Amount Ratio Amount Ratio September 30, 2018 Pacific City Financial Corporation Common tier 1 capital (to risk-weighted assets) $ 204,865 16.1 % $ 57,334 4.5 % N/A N/A Total capital (to risk-weighted assets) 218,085 17.1 % 101,927 8.0 % N/A N/A Tier 1 capital (to risk-weighted assets) 204,865 16.1 % 76,445 6.0 % N/A N/A Tier 1 capital (to average assets) 204,865 12.6 % 65,062 4.0 % N/A N/A Pacific City Bank Common tier 1 capital (to risk-weighted assets) $ 202,464 15.9 % $ 57,332 4.5 % $ 82,813 6.5 % Total capital (to risk-weighted assets) 215,684 16.9 % 101,923 8.0 % 127,404 10.0 % Tier 1 capital (to risk-weighted assets) 202,464 15.9 % 76,442 6.0 % 101,923 8.0 % Tier 1 capital (to average assets) 202,464 12.4 % 65,060 4.0 % 81,324 5.0 % December 31, 2017 Pacific City Financial Corporation Common tier 1 capital (to risk-weighted assets) $ 142,370 12.2 % $ 52,730 4.5 % N/A N/A Total capital (to risk-weighted assets) 154,715 13.2 % 93,766 8.0 % N/A N/A Tier 1 capital (to risk-weighted assets) 142,370 12.2 % 70,306 6.0 % N/A N/A Tier 1 capital (to average assets) 142,370 10.0 % 56,891 4.0 % N/A N/A Pacific City Bank Common tier 1 capital (to risk-weighted assets) $ 141,361 12.1 % $ 52,747 4.5 % $ 76,189 6.5 % Total capital (to risk-weighted assets) 153,705 13.1 % 93,723 8.0 % 117,153 10.0 % Tier 1 capital (to risk-weighted assets) 141,361 12.1 % 70,329 6.0 % 93,772 8.0 % Tier 1 capital (to average assets) 141,361 9.9 % 56,886 4.0 % 71,107 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 Federal Deposit Insurance Corporation and the California Department of Business Oversight periodically examine our business, including our compliance with laws and regulations. If, as a result of an examination, a banking agency were to determine that our financial condition, capital resources, asset quality, earnings prospects, management, liquidity or other aspects of any of our operations had become unsatisfactory, or that we were 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 our capital, to restrict our 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 our deposit insurance and place us into receivership or conservatorship. Following a recent examination, the Bank entered into an informal agreement in January 2018 with the FDIC and DBO that requires the Bank to take certain steps and improve processes and training relating to Bank Secrecy Act and Anti-Money Laundering laws and regulations, and to improve its monitoring of high rate deposits. While we do not expect this informal agreement to change our business strategy, our failure to comply with the informal agreement could have a negative impact on our business, including our ability to establish new branches or LPOs.

Revenue Recognition

Revenue Recognition	9 Months Ended
	Sep. 30, 2018
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition On January 1, 2018, the Company adopted ASU 2014-09, "Revenue from Contracts with Customers (Topic 606)," and all subsequent ASUs that are related to Topic 606. As stated in Note 1, the implementation of the new standard did not have a material impact on the measurement, timing, or recognition of revenue. Accordingly, no cumulative effect adjustment to opening retained earnings was deemed necessary. Results for reporting periods beginning after January 1, 2018 are presented under Topic 606, while prior period amounts were not adjusted and continue to be reported in accordance with our historic accounting under Topic 605. Topic 606 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 of the new guidance. Topic 606 is applicable to noninterest income such as deposit related fees, interchange fees, and merchant related income. However, the recognition of these revenue streams did not change significantly upon adoption of Topic 606. 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. The following table presents revenue from contracts with customers within the scope of ASC 606 for the periods indicated: Three Months Ended September 30, Nine Months Ended September 30, ($ in thousands) 2018 2017 2018 2017 Noninterest Income In scope of Topic 606 Service charges and fees on deposits: Monthly service fees $ 28 $ 24 $ 80 $ 75 Account analysis fees 243 231 719 674 Non-sufficient funds charges 82 57 235 204 Other deposit related fees 24 21 68 67 Total service charges and fees on deposits 377 333 1,102 1,020 Debit card fees 62 56 157 153 Gain (loss) on sale of other real estate owned — (4 ) 3 (10 ) Wire transfer fees 122 113 348 321 Other service charges 52 57 165 148 Total noninterest income in-scope of Topic 606 $ 613 $ 555 $ 1,775 $ 1,632

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2018
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events The Company has evaluated the effects of events that have occurred subsequent to September 30, 2018 through the issuance date of these consolidated financial statements (unaudited). There have been no material events that would require disclosure in the consolidated financial statements or in the notes to the consolidated financial statements.

Basis of Presentation and Sig_2

Basis of Presentation and Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited interim consolidated financial statements have been prepared pursuant to Article 10 of SEC Regulation S-X and other SEC rules and regulations for reporting on Form 10-Q. Accordingly, certain disclosures required by U.S. generally accepted accounting principles ("GAAP") are not included herein. These interim statements should be read in conjunction with the audited consolidated financial statements and notes thereto for the years ended December 31, 2017 and 2016 that were included in the Company’s registration statement on Form S-1 filed with the SEC on July 17, 2018 (333-226208) and declared effective by the SEC on August 9, 2018. In the opinion of management of the Company, the accompanying unaudited interim consolidated financial statements reflect all of the adjustments (consisting of normal recurring adjustments) necessary for a fair presentation of the consolidated financial condition and consolidated results of operations as of the dates and for the periods presented. Certain reclassifications have been made in the prior period financial statements to conform to the current period presentation. The results of operations for the three and nine months ended September 30, 2018 are not necessarily indicative of the results that may be expected for the year ending December 31, 2018.
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly owned subsidiary as of September 30, 2018 and December 31, 2017 and for the three and nine months ended September 30, 2018 and 2017 . 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.
Use of Estimates in the Preparation of Financial Statements	Use of Estimates in the Preparation of Financial Statements The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. These estimates are subject to change and such change could have a material effect on the consolidated financial statements. Actual results may differ from those estimates.
Adopted Accounting Pronouncements and Recent Accounting Pronouncements Not Yet Adopted	Adopted Accounting Pronouncements During the nine months ended September 30, 2018 , the following accounting pronouncements applicable to the Company were adopted: In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standard Update ("ASU") 2014-09, " Revenue from Contracts with Customers (Topic 606)." This ASU clarifies principles for recognizing revenue from contracts with customers and supersedes current guidelines, Topic 605 - " Revenue Recognition," and most industry specific guidance. The principal of this ASU is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve this principle, an entity should apply the following "Five-steps Model" prescribed in Accounting Standard Codification ("ASC") 606: (i) identify the contract(s) with a customer; (ii) identify the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligations in the contract; and (v) recognize revenue when (or as) the entity satisfies a performance obligation. This ASU also specifies the accounting for some costs to obtain or fulfill a contract with a customer. The amended disclosure guidance requires sufficient information to enable users of financial statements to understand the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. This ASU, as amended by ASU 2015-14, ASU 2016-08, ASU 2016-10, ASU 2016-12, ASU 2016-20, ASU 2017-13, and ASU 2017-14, is effective for interim and annual periods beginning after December 15, 2017, and entities have the option of using either a modified retrospective or full retrospective approach for the adoption. The Company adopted this guidance on January 1, 2018 utilizing the modified retrospective approach. The Company’s source of revenue is net interest income and noninterest income. The scope of this ASU explicitly excludes net interest income and other revenues from transactions involving financial instruments, such as loans and securities. The Company identified and reviewed fees and service charges on deposit accounts and income and expense from other real estate owned ("OREO"), which are within the scope of this ASU. Based on this analysis performed, the Company concluded this ASU did not have significant changes to the method in which the Company recognizes these revenue streams. Adoption of this ASU did not have a material impact on the Company's consolidated financial statements. See note 13 for additional information. In January 2016, the FASB issued ASU 2016-01, "Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurements of Financial Assets and Financial Liabilities." The amendments in this ASU require equity investments (except those accounted for under the equity method of accounting, or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income; simplifies the impairment assessment of equity investments by requiring a qualitative assessment; eliminates the requirement for public business entities to disclose methods and assumptions for financial instruments measured at amortized cost on the statement of financial condition; requires the exit price notion to be used when measuring the fair value of financial instruments for disclosure purposes; requires an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability; requires separate presentation of financial assets and liabilities by measurement category; and certain other requirements. This ASU became effective for fiscal years beginning after December 15, 2017. The Company adopted this guidance on January 1, 2018 and the adoption of this ASU did not have a material impact on the Company’s consolidated financial statements. See note 2 for additional information. Recent Accounting Pronouncements Not Yet Adopted The following are recently issued accounting pronouncements applicable to the Company that have not yet been adopted: In February 2016, the FASB issued ASU 2016-02, "Leases (Topic 842)." In July 2018, the FASB issued ASU 2018-10, "Codification Improvements to Topic 842, Leases," and ASU 2018-11, "Leases Topic 842, Targeted Improvements," to provide additional clarification, implantation, and transition guidance on certain aspects of ASU 2016-02. The amendments in ASU 2016-02 require lessees to recognize lease assets and lease liabilities for both leases classified as operating leases and finance leases, except leases with a term of 12 months or less where lessees are permitted to make an accounting policy election by class of underlying asset not to recognize lease assets and lease liabilities. For leases with a term of greater than 12 months, lessees are required to recognize a liability to make lease payments and a right-of-use assets representing its right to use the underlying asset for the lease term measured at the present value of the lease payments. ASU 2016-02 and ASU 2018-10 are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years for a public business entity. Under ASU 2018-11, an additional transition option was provided that would allow entities to not apply the new guidance in the comparative periods they present in their financial statements in the year of adoption. Under this optional transition method, entities will be allowed to continue using and presenting leases under ASC 840 for prior years comparative periods and then prospectively adopt ASC 842 on January 1, 2019, recognizing a cumulative-effect adjustment to the opening balance of retained earnings. At September 30, 2018 , the future lease rental payable under non-cancelable operating lease commitments for the Company’s offices and loan production offices were $11.4 million . The Company is in the process of evaluating the impact that adoption of this ASU may have on its consolidated financial statements. In June 2016, the FASB issued 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 is effective for public business entities that are SEC filers for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The Company has formed a committee, developed an implementation plan, and engaged a software vendor to assist the Company to build a model. The Company is in the process of completing a readiness assessment and is engaged in the implementation phase of the project. The Company is working on: (i) developing a new expected loss model with supportable assumptions; (ii) identifying data, reporting, and disclosure gaps; (iii) assessing updates to accounting and credit risk policies; and (iv) documenting new processes and controls. Based on the Company’s initial assessment of this ASU, the Company expects to recognize a one-time cumulative effect adjustment to the allowance for loan losses which could potentially have a material impact on its consolidated financial statements as of the beginning of the first reporting period in which this ASU is effective. In March 2017, the FASB issued ASU 2017-08, "Receivables - Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities." The amendments in this ASU shorten the amortization period for certain callable debt securities acquired at a premium. Specifically, the amendments require the premium to be amortized to the earliest call date. The amendments do not require an accounting change for securities held at a discount, which continue to be amortized to maturity. Public business entities must prospectively apply the amendments in this ASU to annual periods beginning after December 15, 2018, including interim periods. The Company believes the adoption of this guidance will not have a material impact on its consolidated financial statements.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2018
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis	The following table presents the Company’s assets and liabilities measured at fair value on a recurring basis as of dates indicated: Fair Value Measurement Level ($ in thousands) Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total September 30, 2018 Securities available-for-sale: U.S. government and agency securities $ — $ 23,544 $ — $ 23,544 Municipal bonds — 787 — 787 Mortgage-backed securities — 56,224 — 56,224 Collateralized mortgage obligations — 54,534 — 54,534 Total securities available-for-sale — 135,089 — 135,089 Total assets measured at fair value on a recurring basis $ — $ 135,089 $ — $ 135,089 Total liabilities measured at fair value on a recurring basis $ — $ — $ — $ — December 31, 2017 Securities available-for-sale: U.S. government and agency securities $ — $ 24,925 $ — $ 24,925 Municipal bonds — 2,375 — 2,375 Mortgage-backed securities — 51,904 — 51,904 Collateralized mortgage obligations — 50,485 — 50,485 Total securities available-for-sale — 129,689 — 129,689 Total assets measured at fair value on a recurring basis $ — $ 129,689 $ — $ 129,689 Total liabilities measured at fair value on a recurring basis $ — $ — $ — $ —
Schedule of Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis	The following table presents the Company’s assets and liabilities measured at fair value on a non-recurring basis as of dates indicated: Fair Value Measurement Level ($ in thousands) Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total September 30, 2018 Impaired loans: SBA property $ — $ — $ 482 $ 482 Total impaired loans — — 482 482 Servicing assets - residential property loans — — 260 260 Total assets measured at fair value on a non-recurring basis $ — $ — $ 742 $ 742 Total liabilities measured at fair value on a non-recurring basis $ — $ — $ — $ — December 31, 2017 Total assets measured at fair value on a non-recurring basis $ — $ — $ — $ — Total liabilities measured at fair value on a non-recurring basis $ — $ — $ — $ —
Schedule of Gain on Sale of OREO and OREO Valuation Write-downs	For assets measured at fair value, the following table presents the total net losses, which include charge-offs, recoveries, specific reserves, impairment on servicing assets, gain (loss) on sale of OREO, and OREO valuation write-downs recorded for the periods indicated: Three Months Ended September 30, Nine Months Ended September 30, ($ in thousands) 2018 2017 2018 2017 Collateral dependent impaired loans: Commercial property $ — $ — $ (53 ) $ — SBA property — (65 ) (151 ) (280 ) Servicing assets - residential property loans (4 ) — (4 ) — Other real estate owned — (3 ) 3 (9 ) Net losses recognized $ 59 $ (68 ) $ (205 ) $ (289 )
Schedule of Carrying Value and Estimated Fair Values of Financial Assets and Liabilities	The following table presents the carrying value and estimated fair values of financial assets and liabilities as of the dates indicated: Carrying Value Fair Value Fair Value Measurements ($ in thousands) Level 1 Level 2 Level 3 September 30, 2018 Financial assets: Interest-bearing deposits in other financial institutions $ 136,524 $ 136,524 $ 136,524 $ — $ — Securities available-for-sale 135,089 135,089 — 135,089 — Securities held-to-maturity 21,991 21,117 — 21,117 — Loans held-for-sale 12,957 — — 13,738 — Net loans held-for-investment 1,296,027 — — — 1,307,919 FHLB and other restricted stock 7,433 N/A N/A N/A N/A Accrued interest receivable 4,850 4,850 33 488 4,329 Financial liabilities: Deposits $ 1,419,526 $ — $ — $ — $ 1,386,260 Borrowings from FHLB 30,000 — — 29,377 — Accrued interest payable 4,964 4,964 — 46 4,918 December 31, 2017 Financial assets: Interest-bearing deposits in other financial institutions $ 56,996 $ 56,996 $ 56,996 $ — $ — Securities available-for-sale 129,689 129,689 — 129,689 — Securities held-to-maturity 21,070 20,997 — 20,997 — Loans held-for-sale 5,297 5,813 — 5,813 — Net loans held-for-investment 1,177,775 1,177,539 — — 1,177,539 FHLB and other restricted stock 6,589 N/A N/A N/A N/A Accrued interest receivable 4,251 4,251 25 533 3,693 Financial liabilities: Deposits $ 1,251,290 $ 1,250,259 $ — $ — $ 1,250,259 FHLB and other restricted stock 40,000 39,778 — 39,778 — Accrued interest payable 2,251 2,251 — 60 2,191

Investments Securities (Tables)

Investments Securities (Tables)	9 Months Ended
	Sep. 30, 2018
Investments, Debt and Equity Securities [Abstract]
Debt 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 September 30, 2018 Securities available-for-sale: U.S. government and agency securities $ 24,372 $ — $ (828 ) $ 23,544 Municipal bonds 789 1 (3 ) 787 Mortgage-backed securities 58,113 5 (1,894 ) 56,224 Collateralized mortgage obligations 56,321 11 (1,798 ) 54,534 Total securities available-for-sale $ 139,595 $ 17 $ (4,523 ) $ 135,089 Securities held-to-maturity: Municipal bonds $ 5,110 $ 18 $ (49 ) $ 5,079 Mortgage-backed securities 16,881 — (843 ) 16,038 Total securities held-to-maturity $ 21,991 $ 18 $ (892 ) $ 21,117 December 31, 2017 Securities available-for-sale: U.S. government and agency securities $ 25,231 $ 17 $ (323 ) $ 24,925 Municipal bonds 2,376 1 (2 ) 2,375 Mortgage-backed securities 52,565 8 (669 ) 51,904 Collateralized mortgage obligations 51,459 34 (1,008 ) 50,485 Total securities available-for-sale $ 131,631 $ 60 $ (2,002 ) $ 129,689 Securities held-to-maturity: Municipal bonds $ 5,263 $ 181 $ (5 ) $ 5,439 Mortgage-backed securities 15,807 8 (257 ) 15,558 Total securities held-to-maturity $ 21,070 $ 189 $ (262 ) $ 20,997
Debt Securities, Held-to-maturity	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 September 30, 2018 Securities available-for-sale: U.S. government and agency securities $ 24,372 $ — $ (828 ) $ 23,544 Municipal bonds 789 1 (3 ) 787 Mortgage-backed securities 58,113 5 (1,894 ) 56,224 Collateralized mortgage obligations 56,321 11 (1,798 ) 54,534 Total securities available-for-sale $ 139,595 $ 17 $ (4,523 ) $ 135,089 Securities held-to-maturity: Municipal bonds $ 5,110 $ 18 $ (49 ) $ 5,079 Mortgage-backed securities 16,881 — (843 ) 16,038 Total securities held-to-maturity $ 21,991 $ 18 $ (892 ) $ 21,117 December 31, 2017 Securities available-for-sale: U.S. government and agency securities $ 25,231 $ 17 $ (323 ) $ 24,925 Municipal bonds 2,376 1 (2 ) 2,375 Mortgage-backed securities 52,565 8 (669 ) 51,904 Collateralized mortgage obligations 51,459 34 (1,008 ) 50,485 Total securities available-for-sale $ 131,631 $ 60 $ (2,002 ) $ 129,689 Securities held-to-maturity: Municipal bonds $ 5,263 $ 181 $ (5 ) $ 5,439 Mortgage-backed securities 15,807 8 (257 ) 15,558 Total securities held-to-maturity $ 21,070 $ 189 $ (262 ) $ 20,997
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 September 30, 2018 . 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 Securities Held-To-Maturity ($ in thousands) Amortized Cost Fair Value Amortized Cost Fair Value Within one year $ — $ — $ 134 $ 133 One to five years — — 1,440 1,432 Five to ten years 4,360 4,292 1,220 1,203 Greater than ten years 20,801 20,039 2,316 2,311 Mortgage-backed securities and collateralized mortgage obligations 114,434 110,758 16,881 16,038 Total $ 139,595 $ 135,089 $ 21,991 $ 21,117
Realized Gain (Loss) on Investments	The following table presents proceeds from sales and calls of securities available-for-sale and the associated gross gains and losses realized through earnings upon the sales and calls of securities available-for-sale for the periods indicated: Three Months Ended September 30, Nine Months Ended September 30, ($ in thousands) 2018 2017 2018 2017 Gross realized gains on sales and calls of securities available-for-sale $ — $ — $ — $ — Gross realized losses on sales and calls of securities available-for-sale — — — — Net realized gains (losses) on sales and calls of securities available-for-sale $ — $ — $ — $ — Proceeds from sales and calls of securities available-for-sale $ — $ — $ 1,060 $ — Tax expense on sales and calls of securities available-for-sale $ — $ — $ — $ —
Schedule of Unrealized Loss on Investments	The following table summarizes the investment securities with unrealized losses by security type and length of time in a continuous unrealized loss position as of the dates indicated: Length of Time that individual securities have been in a continuous unrealized loss position Less Than 12 Months 12 Months or Longer Total ($ in thousands) Fair Value Gross Unrealized Losses Number of Securities Fair Value Gross Unrealized Losses Number of Securities Fair Value Gross Unrealized Losses Number of Securities September 30, 2018 Securities available-for-sale: U.S. government and agency securities $ 6,978 $ (171 ) 5 $ 16,566 $ (657 ) 15 $ 23,544 $ (828 ) 20 Municipal bonds 592 (3 ) 1 — — — 592 (3 ) 1 Mortgage-backed securities 20,505 (418 ) 14 35,036 (1,476 ) 43 55,541 (1,894 ) 57 Collateralized mortgage obligations 12,000 (182 ) 8 32,799 (1,616 ) 32 44,799 (1,798 ) 40 Total securities available-for-sale $ 40,075 $ (774 ) 28 $ 84,401 $ (3,749 ) 90 $ 124,476 $ (4,523 ) 118 Securities held-to-maturity: Municipal bonds $ 3,791 $ (49 ) 13 — — — $ 3,791 $ (49 ) 13 Mortgage-backed securities 5,400 (204 ) 4 10,638 (639 ) 12 16,038 (843 ) 16 Total securities held-to-maturity $ 9,191 $ (253 ) 17 $ 10,638 $ (639 ) 12 $ 19,829 $ (892 ) 29 December 31, 2017 Securities available-for-sale: U.S. government and agency securities $ 11,736 $ (103 ) 9 $ 8,798 $ (220 ) 7 $ 20,534 $ (323 ) 16 Municipal bonds 1,115 (2 ) 2 — — — 1,115 (2 ) 2 Mortgage-backed securities 31,876 (352 ) 29 18,762 (317 ) 21 50,638 (669 ) 50 Collateralized mortgage obligations 31,191 (454 ) 19 16,284 (554 ) 19 47,475 (1,008 ) 38 Total securities available-for-sale $ 75,918 $ (911 ) 59 $ 43,844 $ (1,091 ) 47 $ 119,762 $ (2,002 ) 106 Securities held-to-maturity Municipal bonds $ 1,183 $ (5 ) 5 — — — $ 1,183 $ (5 ) 5 Mortgage-backed securities 7,997 (93 ) 6 5,739 (164 ) 7 13,736 (257 ) 13 Total securities held-to-maturity $ 9,180 $ (98 ) 11 $ 5,739 $ (164 ) 7 $ 14,919 $ (262 ) 18

Loans and Allowance for Loan _2

Loans and Allowance for Loan Losses (Tables)	9 Months Ended
	Sep. 30, 2018
Receivables [Abstract]
Loans Held-For-Investment	The following table presents the composition of the Company’s loans held-for-investment as of the dates indicated: ($ in thousands) September 30, 2018 December 31, 2017 Real estate loans: Commercial property $ 703,250 $ 662,840 Residential property 215,340 168,898 SBA property 126,816 130,438 Construction 28,895 23,215 Total real estate loans 1,074,301 985,391 Commercial and industrial loans: Commercial term 96,102 77,438 Commercial lines of credit 72,219 60,850 SBA commercial term 28,312 30,199 Trade finance 10,353 1,920 Total commercial and industrial loans 206,986 170,407 Consumer loans 27,472 33,870 Loans held-for-investment 1,308,759 1,189,668 Deferred loan costs (fees) 365 331 Loans held-for-investment, net of deferred loan costs (fees) 1,309,124 1,189,999 Allowance for loan losses (13,097 ) (12,224 ) Net loans held-for-investment $ 1,296,027 $ 1,177,775
Allowance for Loan Losses	The following table presents the activities in allowance for loan losses by portfolio segment, which is consistent with the Company’s methodology for determining allowance for loan losses, for the three months ended September 30, 2018 and 2017 : Three Months Ended ($ in thousands) Real Estate Commercial and Industrial Consumer Total September 30, 2018 Balance at July 1, 2018 $ 9,323 $ 3,108 $ 190 $ 12,621 Charge-offs — (18 ) (26 ) (44 ) Recoveries on loans previously charged off 16 46 41 103 Provision for loan losses 269 108 40 417 Balance at September 30, 2018 $ 9,608 $ 3,244 $ 245 $ 13,097 September 30, 2017 Balance at July 1, 2017 $ 7,818 $ 3,058 $ 153 $ 11,029 Charge-offs (8 ) (72 ) (14 ) (94 ) Recoveries on loans previously charged off — 121 9 130 Provision (reversal) for loan losses 697 (121 ) 10 586 Balance at September 30, 2017 $ 8,507 $ 2,986 $ 158 $ 11,651 The following table presents the activities in allowance for loan losses by portfolio segment, which is consistent with the Company’s methodology for determining allowance for loan losses, for the nine months ended September 30, 2018 and 2017 : Nine Months Ended ($ in thousands) Real Estate Commercial and Industrial Consumer Total September 30, 2018 Balance at January 1, 2018 $ 8,507 $ 3,548 $ 169 $ 12,224 Charge-offs (204 ) (108 ) (167 ) (479 ) Recoveries on loans previously charged off 68 280 67 415 Provision (reversal) for loan losses 1,237 (476 ) 176 937 Balance at September 30, 2018 $ 9,608 $ 3,244 $ 245 $ 13,097 September 30, 2017 Balance at January 1, 2017 $ 7,497 $ 3,657 $ 166 $ 11,320 Charge-offs (8 ) (292 ) (56 ) (356 ) Recoveries on loans previously charged off 1 539 33 573 Provision (reversal) for loan losses 1,017 (918 ) 15 114 Balance at September 30, 2017 $ 8,507 $ 2,986 $ 158 $ 11,651 The following tables present the information on allowance for loan losses and recorded investments by portfolio segment and impairment methodology as of the dates indicated: ($ in thousands) Real Estate Commercial and Industrial Consumer Total September 30, 2018 Allowance for loan losses: Individually evaluated for impairment $ 5 $ 156 $ — $ 161 Collectively evaluated for impairment 9,603 3,088 245 12,936 Total $ 9,608 $ 3,244 $ 245 $ 13,097 Loans receivable: Individually evaluated for impairment $ 1,524 $ 401 $ — $ 1,925 Collectively evaluated for impairment 1,072,777 206,585 27,472 1,306,834 Total $ 1,074,301 $ 206,986 $ 27,472 $ 1,308,759 December 31, 2017 Allowance for loan losses: Individually evaluated for impairment $ — $ 208 $ — $ 208 Collectively evaluated for impairment 8,507 3,340 169 12,016 Total $ 8,507 $ 3,548 $ 169 $ 12,224 Loans receivable: Individually evaluated for impairment $ 3,191 $ 610 $ — $ 3,801 Collectively evaluated for impairment 982,200 169,797 33,870 1,185,867 Total $ 985,391 $ 170,407 $ 33,870 $ 1,189,668
Risk Categories for Loans by Portfolio Segment	The following table presents the risk categories for the recoded investment in loans by portfolio segment as of dates indicated: ($ in thousands) Pass Special Mention Substandard Doubtful Total September 30, 2018 Real estate loans: Commercial property $ 692,400 $ 9,942 $ 908 $ — $ 703,250 Residential property 215,340 — — — 215,340 SBA property 121,970 — 4,846 — 126,816 Construction 26,275 2,620 — — 28,895 Commercial and industrial loans: Commercial term 96,068 — 34 — 96,102 Commercial lines of credit 72,219 — — — 72,219 SBA commercial term 27,963 16 333 — 28,312 Trade finance 10,353 — — — 10,353 Consumer loans 27,358 — 114 — 27,472 Total $ 1,289,946 $ 12,578 $ 6,235 $ — $ 1,308,759 December 31, 2017 Real estate loans: Commercial property $ 657,511 $ 4,819 $ 510 $ — $ 662,840 Residential property 168,168 — 730 — 168,898 SBA property 124,837 2,435 3,166 — 130,438 Construction 23,215 — — — 23,215 Commercial and industrial loans: Commercial term 77,261 — 177 — 77,438 Commercial lines of credit 60,840 — 10 — 60,850 SBA commercial term 29,831 4 364 — 30,199 Trade finance 1,920 — — — 1,920 Consumer loans 33,845 — 25 — 33,870 Total $ 1,177,428 $ 7,258 $ 4,982 $ — $ 1,189,668
Aging of Past Due Accruing Loans and Nonaccrual Loans by Segment	The following table presents the aging of past due recorded investment in accruing loans and nonaccrual loans by portfolio segment as of dates indicated: Still Accruing ($ in thousands) 30 to 59 Days Past Due 60 to 89 Days Past Due 90 or More Days Past Due Nonaccrual Total Past Due and Nonaccrual September 30, 2018 Real estate loans: Commercial property $ — $ — $ — $ 234 $ 234 Residential property 95 303 — — 398 SBA property — — — 970 970 Commercial and industrial loans: SBA commercial term 82 44 — 254 380 Consumer loans 160 79 — 114 353 Total $ 337 $ 426 $ — $ 1,572 $ 2,335 December 31, 2017 Real estate loans: Commercial property $ — $ — $ — $ 318 $ 318 Residential property 949 96 — 730 1,775 SBA property — — — 1,810 1,810 Commercial and industrial loans: Commercial term — — — 4 4 Commercial lines of credit — — — 10 10 SBA commercial term 2 — — 338 340 Consumer loans 262 32 — 24 318 Total $ 1,213 $ 128 $ — $ 3,234 $ 4,575
Impairment by Portfolio Segment	The following table presents loans individually evaluated for impairment by portfolio segment as of the dates indicated. The recorded investment presents customer balances net of any partial charge-offs recognized on the loans and net of any deferred fees and costs. With No Allowance Recorded With an Allowance Recorded ($ in thousands) Recorded Investment Unpaid Principal Balance Recorded Investment Unpaid Principal Balance Related Allowance September 30, 2018 Real estate loans: Commercial property $ 234 $ 234 $ — $ — $ — SBA property 808 891 482 481 5 Commercial and industrial loans: Commercial term 80 86 — — — SBA commercial term 92 127 229 243 156 Total $ 1,214 $ 1,338 $ 711 $ 724 $ 161 December 31, 2017 Real estate loans: Commercial property $ 318 $ 494 $ — $ — $ — Residential property 730 730 — — — SBA property 2,143 3,639 — — — Commercial and industrial loans: Commercial term 199 216 — — — Commercial lines of credit 10 20 — — — SBA commercial term 122 288 279 354 208 Total $ 3,522 $ 5,387 $ 279 $ 354 $ 208 The following table presents information on the recorded investment in impaired loans by portfolio segment for the three months ended September 30, 2018 and 2017 : Three Months Ended September 30, 2018 2017 ($ in thousands) Average Recorded Investment Interest Income Average Recorded Investment Interest Income Real estate loans: Commercial property $ 237 $ — $ 353 $ — SBA property 1,297 5 1,950 20 Commercial and industrial loans: Commercial term 85 1 612 4 Commercial lines of credit — — 822 — SBA commercial term 331 1 659 1 Total $ 1,950 $ 7 $ 4,396 $ 25 The following table presents information on the recorded investment in impaired loans by portfolio segment for the nine months ended September 30, 2018 and 2017 : Nine Months Ended September 30, 2018 2017 ($ in thousands) Average Recorded Investment Interest Income Average Recorded Investment Interest Income Real estate loans: Commercial property $ 266 $ — $ 336 $ 5 Residential property 274 — — — SBA property 1,329 16 1,973 48 Commercial and industrial loans: Commercial term 124 6 702 13 Commercial lines of credit 7 — 1,083 — SBA commercial term 420 7 715 4 Total $ 2,420 $ 29 $ 4,809 $ 70 The following presents a summary of interest foregone on impaired loans for the periods indicated: Three Months Ended September 30, Nine Months Ended September 30, ($ in thousands) 2018 2017 2018 2017 Interest income that would have been recognized had impaired loans performed in accordance with their original terms $ 34 $ 54 $ 163 $ 186 Less: interest income recognized on impaired loans on a cash basis (8 ) (25 ) (63 ) (95 ) Interest income foregone on impaired loans $ 26 $ 29 $ 100 $ 91
Modified TDRs by Portfolio Segment	The following table presents the composition of loans that were modified as TDRs by portfolio segment as of the dates indicated: September 30, 2018 December 31, 2017 ($ in thousands) Accruing Nonaccrual Total Accruing Nonaccrual Total Real estate loans: Commercial property $ — $ 234 $ 234 $ — $ 318 $ 318 SBA property 319 — 319 334 1,039 1,373 Commercial and industrial loans: Commercial term 80 — 80 195 4 199 Commercial lines of credit — — — — 10 10 SBA commercial term 68 224 292 63 304 367 Total $ 467 $ 458 $ 925 $ 592 $ 1,675 $ 2,267 During the three months ended September 30, 2018 and 2017 , there were no loans that were modified as TDRs for which there was a payment default within twelve months following the modification. The following table presents information on loans that were modified as TDRs for which there was a payment default within twelve months following the modification for the nine months ended September 30, 2018 and 2017 : Nine Months Ended September 30, 2018 2017 ($ in thousands) Number of Loans Recorded Investment at Date of Default Number of Loans Recorded Investment at Date of Default Commercial and industrial loans: SBA commercial term 2 $ 233 1 $ 2 Total 2 $ 233 1 $ 2 The following table presents new loans that were modified as TDRs by portfolio segment during the nine months ended September 30, 2018 and 2017 : Nine Months Ended September 30, 2018 2017 ($ in thousands) Number of Loans Pre-Modification Recorded Investment Post-Modification Recorded Investment Number of Loans Pre-Modification Recorded Investment Post-Modification Recorded Investment Real estate loans: Commercial property — $ — $ — 1 $ 312 $ 312 Commercial and industrial loans: Commercial term — — — 1 7 7 Total — $ — $ — 2 $ 319 $ 319
Loans Held-for-Sale	The following table presents a composition of loans held-for-sale as of the dates indicated: ($ in thousands) September 30, 2018 December 31, 2017 Real estate loans: Commercial property $ 1,660 $ — Residential property — 270 SBA property 9,834 3,491 Commercial and industrial loans: SBA commercial term 1,463 1,536 Total $ 12,957 $ 5,297

Servicing Assets (Tables)

Servicing Assets (Tables)	9 Months Ended
	Sep. 30, 2018
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: September 30, 2018 December 31, 2017 ($ in thousands) Residential Property SBA Property SBA Commercial Term Residential Property SBA Property SBA Commercial Term Carrying amount $ 260 $ 6,741 $ 1,113 $ 308 $ 7,369 $ 1,296 Fair value $ 260 $ 7,079 $ 1,225 $ 346 $ 7,991 $ 1,400 Discount rates 11.25 % 13.25 % 12.75 % 10.50 % 13.25 % 12.75 % Prepayment speeds 32.00 % 14.00 % 13.10 % 25.60 % 10.50 % 10.60 % Weighted average remaining life 25.2 years 21.8 years 7.7 years 25.7 years 22.1 years 8.2 years
Schedule of Servicing Asset	The following table presents activity in servicing assets for the three months ended September 30, 2018 and 2017 : Three Months Ended September 30, 2018 2017 ($ in thousands) Residential Property SBA Property SBA Commercial Term Residential Property SBA Property SBA Commercial Term Balance at beginning of period $ 285 $ 6,940 $ 1,165 $ 349 $ 7,164 $ 1,288 Additions — 297 55 — 494 165 Amortization (21 ) (559 ) (107 ) (28 ) (376 ) (117 ) Reversal of impairment (Impairment) (4 ) 63 — — — — Balance at end of period $ 260 $ 6,741 $ 1,113 $ 321 $ 7,282 $ 1,336 The following table presents activity in servicing assets for the nine months ended September 30, 2018 and 2017 : Nine Months Ended September 30, 2018 2017 ($ in thousands) Residential Property SBA Property SBA Commercial Term Residential Property SBA Property SBA Commercial Term Balance at beginning of period $ 308 $ 7,369 $ 1,296 $ 408 6,693 1,201 Additions 22 865 189 — 1,766 488 Amortization (66 ) (1,493 ) (372 ) (87 ) (1,177 ) (353 ) Impairment (4 ) — — — — — Balance at end of period $ 260 $ 6,741 $ 1,113 $ 321 7,282 1,336

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2018
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Loss	The following table presents changes to accumulated other comprehensive loss for the periods indicated: Three Months Ended September 30, Nine Months Ended September 30, ($ in thousands) 2018 2017 2018 2017 Unrealized loss on securities available-for-sale: Beginning balance $ (2,612 ) $ (466 ) $ (1,223 ) $ (531 ) Other comprehensive income (loss) Unrealized gain (loss) arising during the period (604 ) 9 (2,564 ) 120 Tax effect of current period changes 176 (3 ) 747 (49 ) Total other comprehensive income (loss) (428 ) 6 (1,817 ) 71 Balance at end of period $ (3,040 ) $ (460 ) $ (3,040 ) $ (460 )

Share-Based Compensation (Table

Share-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of Option Activity	The following table represents stock option activity as of and for three months ended September 30, 2018 : Three Months Ended September 30, 2018 ($ in thousands except per share data) Number of Shares Weighted-Average Exercise Price Per Share Weighted-Average Contractual Term Aggregated Intrinsic Value Outstanding at beginning of period 928,327 $ 9.55 6.93 years $ 7,239 Exercised (29,466 ) $ 6.23 5.16 years Forfeited (6,050 ) $ 10.33 7.08 years Balance at end of period 892,811 $ 9.66 6.73 years $ 8,646 Exercisable at end of period 289,575 $ 6.52 5.15 years $ 3,711 The following table represents stock option activity as of and for nine months ended September 30, 2018 : Nine Months Ended September 30, 2018 ($ in thousands except per share data) Number of Shares Weighted-Average Exercise Price Per Share Weighted-Average Contractual Term Aggregated Intrinsic Value Outstanding at beginning of period 859,635 $ 8.84 7.10 years $ 6,155 Granted 90,000 $ 14.95 9.38 years Exercised (46,781 ) $ 5.54 4.87 years Forfeited (10,043 ) $ 9.96 6.58 years Balance at end of period 892,811 $ 9.66 6.73 years $ 8,646 Exercisable at end of period 289,575 $ 6.52 5.15 years $ 3,711 The following table represents information regarding unvested stock options as of and for the three and nine months ended September 30, 2018 : Three Months Ended September 30, 2018 Nine Months Ended September 30, 2018 Number of Shares Weighted-Average Exercise Price Per Share Number of Shares Weighted-Average Exercise Price Per Share Outstanding at beginning of period 613,286 $ 11.17 578,154 $ 9.96 Granted — 90,000 $ 14.95 Vested (4,000 ) $ 14.00 (57,271 ) $ 5.29 Forfeited (6,050 ) $ 9.96 (7,647 ) $ 9.96 Balance at end of period 603,236 $ 11.16 603,236 $ 11.16

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2018
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 share used to compute earnings per share for the periods indicated: Three Months Ended September 30, Nine Months Ended September 30, ($ in thousands, except per share) 2018 2017 2018 2017 Basic earnings per share: Net income $ 6,543 $ 4,806 $ 17,569 $ 14,064 Weighted-average common shares outstanding 14,730,120 13,412,407 13,865,190 13,405,413 Basic earnings per share $ 0.44 $ 0.36 $ 1.27 $ 1.05 Diluted earnings per share: Net income $ 6,543 $ 4,806 $ 17,569 $ 14,064 Weighted-average commons shares outstanding 14,730,120 13,412,407 13,865,190 13,405,413 Diluted effect of stock options 194,426 132,448 186,371 125,037 Diluted weighted-average common shares outstanding 14,924,546 13,544,855 14,051,561 13,530,450 Diluted earnings per share $ 0.44 $ 0.35 $ 1.25 $ 1.04

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
Schedule of Outstanding Financial Commitments	As of September 30, 2018 and December 31, 2017 , the Company had the following outstanding financial commitments whose contractual amount represents credit risk: ($ in thousands) September 30, 2018 December 31, 2017 Commitments to extend credit $ 118,764 $ 109,835 Standby letters of credit 4,613 3,309 Commercial letters of credit 777 233 Total $ 124,154 $ 113,377

Regulatory Matters (Tables)

Regulatory Matters (Tables)	9 Months Ended
	Sep. 30, 2018
Banking and Thrift [Abstract]
Schedule of Regulatory Capital Amounts and Ratios	The following table presents the regulatory capital amounts and ratios for the Company and the Bank as of dates indicated: Actual Minimum Capital Requirement To Be Well Capitalized Under Prompt Corrective Provisions ($ in thousands) Amount Ratio Amount Ratio Amount Ratio September 30, 2018 Pacific City Financial Corporation Common tier 1 capital (to risk-weighted assets) $ 204,865 16.1 % $ 57,334 4.5 % N/A N/A Total capital (to risk-weighted assets) 218,085 17.1 % 101,927 8.0 % N/A N/A Tier 1 capital (to risk-weighted assets) 204,865 16.1 % 76,445 6.0 % N/A N/A Tier 1 capital (to average assets) 204,865 12.6 % 65,062 4.0 % N/A N/A Pacific City Bank Common tier 1 capital (to risk-weighted assets) $ 202,464 15.9 % $ 57,332 4.5 % $ 82,813 6.5 % Total capital (to risk-weighted assets) 215,684 16.9 % 101,923 8.0 % 127,404 10.0 % Tier 1 capital (to risk-weighted assets) 202,464 15.9 % 76,442 6.0 % 101,923 8.0 % Tier 1 capital (to average assets) 202,464 12.4 % 65,060 4.0 % 81,324 5.0 % December 31, 2017 Pacific City Financial Corporation Common tier 1 capital (to risk-weighted assets) $ 142,370 12.2 % $ 52,730 4.5 % N/A N/A Total capital (to risk-weighted assets) 154,715 13.2 % 93,766 8.0 % N/A N/A Tier 1 capital (to risk-weighted assets) 142,370 12.2 % 70,306 6.0 % N/A N/A Tier 1 capital (to average assets) 142,370 10.0 % 56,891 4.0 % N/A N/A Pacific City Bank Common tier 1 capital (to risk-weighted assets) $ 141,361 12.1 % $ 52,747 4.5 % $ 76,189 6.5 % Total capital (to risk-weighted assets) 153,705 13.1 % 93,723 8.0 % 117,153 10.0 % Tier 1 capital (to risk-weighted assets) 141,361 12.1 % 70,329 6.0 % 93,772 8.0 % Tier 1 capital (to average assets) 141,361 9.9 % 56,886 4.0 % 71,107 5.0 %

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Sep. 30, 2018
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: Three Months Ended September 30, Nine Months Ended September 30, ($ in thousands) 2018 2017 2018 2017 Noninterest Income In scope of Topic 606 Service charges and fees on deposits: Monthly service fees $ 28 $ 24 $ 80 $ 75 Account analysis fees 243 231 719 674 Non-sufficient funds charges 82 57 235 204 Other deposit related fees 24 21 68 67 Total service charges and fees on deposits 377 333 1,102 1,020 Debit card fees 62 56 157 153 Gain (loss) on sale of other real estate owned — (4 ) 3 (10 ) Wire transfer fees 122 113 348 321 Other service charges 52 57 165 148 Total noninterest income in-scope of Topic 606 $ 613 $ 555 $ 1,775 $ 1,632

Basis of Presentation and Sig_3

Basis of Presentation and Significant Accounting Policies (Details) $ in Millions	Sep. 30, 2018USD ($)branchoffice	Dec. 31, 2017USD ($)
Product Information [Line Items]
Number Of Loan Production Offices | office	9
Future lease rental payable under operating lease commitments | $	$ 11.4	$ 12.7
California
Product Information [Line Items]
Number Of Full-Service Branches	11
New Jersey
Product Information [Line Items]
Number Of Full-Service Branches	1
New York
Product Information [Line Items]
Number Of Full-Service Branches	1

Fair Value Measurements - Asset

Fair Value Measurements - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Securities available-for-sale:
Total securities available-for-sale	$ 135,089	$ 129,689
Municipal bonds
Securities available-for-sale:
Total securities available-for-sale	787	2,375
Mortgage-backed securities
Securities available-for-sale:
Total securities available-for-sale	56,224	51,904
Collateralized mortgage obligations
Securities available-for-sale:
Total securities available-for-sale	54,534	50,485
Recurring
Securities available-for-sale:
Total securities available-for-sale	135,089	129,689
Total assets measured at fair value on a recurring basis	135,089	129,689
Total liabilities measured at fair value on a recurring basis	0	0
Recurring | U.S. government and agency securities
Securities available-for-sale:
Total securities available-for-sale	23,544	24,925
Recurring | Municipal bonds
Securities available-for-sale:
Total securities available-for-sale	787	2,375
Recurring | Mortgage-backed securities
Securities available-for-sale:
Total securities available-for-sale	56,224	51,904
Recurring | Collateralized mortgage obligations
Securities available-for-sale:
Total securities available-for-sale	54,534	50,485
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1)
Securities available-for-sale:
Total securities available-for-sale	0	0
Total assets measured at fair value on a recurring basis	0	0
Total liabilities measured at fair value on a recurring basis	0	0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | U.S. government and agency securities
Securities available-for-sale:
Total securities available-for-sale	0	0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Municipal bonds
Securities available-for-sale:
Total securities available-for-sale	0	0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Mortgage-backed securities
Securities available-for-sale:
Total securities available-for-sale	0	0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Collateralized mortgage obligations
Securities available-for-sale:
Total securities available-for-sale	0	0
Recurring | Significant Other Observable Inputs (Level 2)
Securities available-for-sale:
Total securities available-for-sale	135,089	129,689
Total assets measured at fair value on a recurring basis	135,089	129,689
Total liabilities measured at fair value on a recurring basis	0	0
Recurring | Significant Other Observable Inputs (Level 2) | U.S. government and agency securities
Securities available-for-sale:
Total securities available-for-sale	23,544	24,925
Recurring | Significant Other Observable Inputs (Level 2) | Municipal bonds
Securities available-for-sale:
Total securities available-for-sale	787	2,375
Recurring | Significant Other Observable Inputs (Level 2) | Mortgage-backed securities
Securities available-for-sale:
Total securities available-for-sale	56,224	51,904
Recurring | Significant Other Observable Inputs (Level 2) | Collateralized mortgage obligations
Securities available-for-sale:
Total securities available-for-sale	54,534	50,485
Recurring | Significant Unobservable Inputs (Level 3)
Securities available-for-sale:
Total securities available-for-sale	0	0
Total assets measured at fair value on a recurring basis	0	0
Total liabilities measured at fair value on a recurring basis	0	0
Recurring | Significant Unobservable Inputs (Level 3) | U.S. government and agency securities
Securities available-for-sale:
Total securities available-for-sale	0	0
Recurring | Significant Unobservable Inputs (Level 3) | Municipal bonds
Securities available-for-sale:
Total securities available-for-sale	0	0
Recurring | Significant Unobservable Inputs (Level 3) | Mortgage-backed securities
Securities available-for-sale:
Total securities available-for-sale	0	0
Recurring | Significant Unobservable Inputs (Level 3) | Collateralized mortgage obligations
Securities available-for-sale:
Total 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) - Nonrecurring - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Impaired loans:
SBA property	$ 482
Total impaired loans	482
Servicing assets - residential property loans	260
Total assets measured at fair value on a recurring basis	742	$ 0
Total liabilities measured at fair value on a recurring basis	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1)
Impaired loans:
SBA property	0
Total impaired loans	0
Servicing assets - residential property loans	0
Total assets measured at fair value on a recurring basis	0	0
Total liabilities measured at fair value on a recurring basis	0	0
Significant Other Observable Inputs (Level 2)
Impaired loans:
SBA property	0
Total impaired loans	0
Servicing assets - residential property loans	0
Total assets measured at fair value on a recurring basis	0	0
Total liabilities measured at fair value on a recurring basis	0	0
Significant Unobservable Inputs (Level 3)
Impaired loans:
SBA property	482
Total impaired loans	482
Servicing assets - residential property loans	260
Total assets measured at fair value on a recurring basis	742	0
Total liabilities measured at fair value on a recurring basis	$ 0	$ 0

Fair Value Measurements - Other

Fair Value Measurements - Other Real Estate Owned (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net losses recognized	$ 59	$ (68)	$ (205)	$ (289)
Commercial property
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net losses recognized	0	0	(53)	0
SBA property
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net losses recognized	0	(65)	(151)	(280)
Servicing assets - residential property loans
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net losses recognized	(4)	0	(4)	0
Other real estate owned
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net losses recognized	$ 0	$ (3)	$ 3	$ (9)

Fair Value Measurements - Fair

Fair Value Measurements - Fair Values of Financial Assets and Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Financial assets:
Securities available-for-sale	$ 135,089	$ 129,689
Securities held-to-maturity	21,991	21,070
Carrying Value
Financial assets:
Interest-bearing deposits in other financial institutions	136,524	56,996
Securities available-for-sale	135,089	129,689
Securities held-to-maturity	21,991	21,070
Loans held-for-sale	12,957	5,297
Net loans held-for-investment	1,296,027	1,177,775
FHLB and other restricted stock	7,433	6,589
Accrued interest receivable	4,850	4,251
Financial liabilities:
Deposits	1,419,526	1,251,290
Borrowings from FHLB	30,000	40,000
Accrued interest payable	4,964	2,251
Fair Value
Financial assets:
Interest-bearing deposits in other financial institutions	136,524	56,996
Securities available-for-sale	135,089	129,689
Securities held-to-maturity	21,117	20,997
Loans held-for-sale	0	5,813
Net loans held-for-investment	0	1,177,539
Accrued interest receivable	4,850	4,251
Financial liabilities:
Deposits	0	1,250,259
Borrowings from FHLB	0	39,778
Accrued interest payable	4,964	2,251
Fair Value | Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial assets:
Interest-bearing deposits in other financial institutions	136,524	56,996
Securities available-for-sale	0	0
Securities held-to-maturity	0	0
Loans held-for-sale	0	0
Net loans held-for-investment	0	0
Accrued interest receivable	33	25
Financial liabilities:
Deposits	0	0
Borrowings from FHLB	0	0
Accrued interest payable	0	0
Fair Value | Significant Other Observable Inputs (Level 2)
Financial assets:
Interest-bearing deposits in other financial institutions	0	0
Securities available-for-sale	135,089	129,689
Securities held-to-maturity	21,117	20,997
Loans held-for-sale	13,738	5,813
Net loans held-for-investment	0	0
Accrued interest receivable	488	533
Financial liabilities:
Deposits	0	0
Borrowings from FHLB	29,377	39,778
Accrued interest payable	46	60
Fair Value | Significant Unobservable Inputs (Level 3)
Financial assets:
Interest-bearing deposits in other financial institutions	0	0
Securities available-for-sale	0	0
Securities held-to-maturity	0	0
Loans held-for-sale	0	0
Net loans held-for-investment	1,307,919	1,177,539
Accrued interest receivable	4,329	3,693
Financial liabilities:
Deposits	1,386,260	1,250,259
Borrowings from FHLB	0	0
Accrued interest payable	$ 4,918	$ 2,191

Investments Securities - Summar

Investments Securities - Summary of Debt and Equity Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Securities available-for-sale:
Amortized Cost	$ 139,595	$ 131,631
Gross Unrealized Gain	17	60
Gross Unrealized Loss	(4,523)	(2,002)
Securities available-for-sale, at fair value	135,089	129,689
Securities held-to-maturity:
Amortized Cost	21,991	21,070
Gross Unrealized Gain	18	189
Gross Unrealized Loss	(892)	(262)
Fair Value	21,117	20,997
Pledged securities for collateral	112,300	109,900
U.S. government and agency securities
Securities available-for-sale:
Amortized Cost	24,372	25,231
Gross Unrealized Gain	0	17
Gross Unrealized Loss	(828)	(323)
Securities available-for-sale, at fair value	23,544	24,925
Municipal bonds
Securities available-for-sale:
Amortized Cost	789	2,376
Gross Unrealized Gain	1	1
Gross Unrealized Loss	(3)	(2)
Securities available-for-sale, at fair value	787	2,375
Securities held-to-maturity:
Amortized Cost	5,110	5,263
Gross Unrealized Gain	18	181
Gross Unrealized Loss	(49)	(5)
Fair Value	5,079	5,439
Mortgage-backed securities
Securities available-for-sale:
Amortized Cost	58,113	52,565
Gross Unrealized Gain	5	8
Gross Unrealized Loss	(1,894)	(669)
Securities available-for-sale, at fair value	56,224	51,904
Securities held-to-maturity:
Amortized Cost	16,881	15,807
Gross Unrealized Gain	0	8
Gross Unrealized Loss	(843)	(257)
Fair Value	16,038	15,558
Collateralized mortgage obligations
Securities available-for-sale:
Amortized Cost	56,321	51,459
Gross Unrealized Gain	11	34
Gross Unrealized Loss	(1,798)	(1,008)
Securities available-for-sale, at fair value	$ 54,534	$ 50,485

Investments Securities - Summ_2

Investments Securities - Summary of Contractual Maturities (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Securities available-for-sale:
Amortized Cost, Within one year	$ 0
Amortized Cost, One to five years	0
Amortized Cost, Five to ten years	4,360
Amortized Cost, Greater than ten years	20,801
Amortized Cost, Mortgage-backed securities and collateralized mortgage obligations	114,434
Amortized Cost	139,595	$ 131,631
Fair Value, Within one year	0
Fair Value, One to five years	0
Fair Value, Five to ten years	4,292
Fair Value, Greater than ten years	20,039
Fair Value, Mortgage-backed securities and collateralized mortgage obligations	110,758
Fair Value	135,089	129,689
Securities held-to-maturity:
Amortized Cost, Within one year	134
Amortized Cost, One to five years	1,440
Amortized Cost, Five to ten years	1,220
Amortized Cost, Greater than ten years	2,316
Amortized Cost, Mortgage-backed securities and collateralized mortgage obligations	16,881
Amortized Cost	21,991	21,070
Fair Value, Within one year	133
Fair Value, One to five years	1,432
Fair Value, Five to ten years	1,203
Fair Value, Greater than ten years	2,311
Fair Value, Mortgage-backed securities and collateralized mortgage obligations	16,038
Fair Value	$ 21,117	$ 20,997

Investments Securities - Summ_3

Investments Securities - Summary of Gains (Losses) on Available-for-sale Securities (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Investments, Debt and Equity Securities [Abstract]
Gross realized gains on sales and calls of securities available-for-sale	$ 0	$ 0	$ 0	$ 0
Gross realized losses on sales and calls of securities available-for-sale	0	0	0	0
Net realized gains (losses) on sales and calls of securities available-for-sale	0	0	0	0
Proceeds from sales and calls of securities available-for-sale	0	0	1,060	0
Tax expense on sales and calls of securities available-for-sale	$ 0	$ 0	$ 0	$ 0

Investments Securities - Summ_4

Investments Securities - Summary of Individual Securities in Continuous Unrealized Loss Position (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2018USD ($)security	Sep. 30, 2017USD ($)	Sep. 30, 2018USD ($)security	Sep. 30, 2017USD ($)	Dec. 31, 2017USD ($)security
Securities available-for-sale:
Less Than 12 Months, Fair Value	$ 40,075,000		$ 40,075,000		$ 75,918,000
Less Than 12 Months, Gross Unrealized Losses	$ (774,000)		$ (774,000)		$ (911,000)
Less Than 12 Months, Number of Securities | security	28		28		59
12 months or Longer, Fair Value	$ 84,401,000		$ 84,401,000		$ 43,844,000
12 months or Longer, Gross Unrealized Losses	$ (3,749,000)		$ (3,749,000)		$ (1,091,000)
12 months or Longer, Number of Securities | security	90		90		47
Total, Fair Value	$ 124,476,000		$ 124,476,000		$ 119,762,000
Total, Gross Unrealized Losses	$ (4,523,000)		$ (4,523,000)		$ (2,002,000)
Total, Number of Securities | security	118		118		106
Securities held-to-maturity:
Less Than 12 Months, Fair Value	$ 9,191,000		$ 9,191,000		$ 9,180,000
Less Than 12 Months, Gross Unrealized Losses	$ (253,000)		$ (253,000)		$ (98,000)
Less Than 12 Months, Number of Securities | security	17		17		11
12 Months or Longer, Fair Value	$ 10,638,000		$ 10,638,000		$ 5,739,000
12 Months or Longer, Gross Unrealized Losses	$ (639,000)		$ (639,000)		$ (164,000)
12 Months or Longer, Number of Securities | security	12		12		7
Total, Fair Value	$ 19,829,000		$ 19,829,000		$ 14,919,000
Total, Gross Unrealized Losses	$ (892,000)		$ (892,000)		$ (262,000)
Total, Number of Securities | security	29		29		18
OTTI, debt securities, including in earnings	$ 0	$ 0	$ 0	$ 0
U.S. government and agency securities
Securities available-for-sale:
Less Than 12 Months, Fair Value	6,978,000		6,978,000		$ 11,736,000
Less Than 12 Months, Gross Unrealized Losses	$ (171,000)		$ (171,000)		$ (103,000)
Less Than 12 Months, Number of Securities | security	5		5		9
12 months or Longer, Fair Value	$ 16,566,000		$ 16,566,000		$ 8,798,000
12 months or Longer, Gross Unrealized Losses	$ (657,000)		$ (657,000)		$ (220,000)
12 months or Longer, Number of Securities | security	15		15		7
Total, Fair Value	$ 23,544,000		$ 23,544,000		$ 20,534,000
Total, Gross Unrealized Losses	$ (828,000)		$ (828,000)		$ (323,000)
Total, Number of Securities | security	20		20		16
Municipal bonds
Securities available-for-sale:
Less Than 12 Months, Fair Value	$ 592,000		$ 592,000		$ 1,115,000
Less Than 12 Months, Gross Unrealized Losses	$ (3,000)		$ (3,000)		$ (2,000)
Less Than 12 Months, Number of Securities | security	1		1		2
12 months or Longer, Fair Value	$ 0		$ 0		$ 0
12 months or Longer, Gross Unrealized Losses	$ 0		$ 0		$ 0
12 months or Longer, Number of Securities | security	0		0		0
Total, Fair Value	$ 592,000		$ 592,000		$ 1,115,000
Total, Gross Unrealized Losses	$ (3,000)		$ (3,000)		$ (2,000)
Total, Number of Securities | security	1		1		2
Securities held-to-maturity:
Less Than 12 Months, Fair Value	$ 3,791,000		$ 3,791,000		$ 1,183,000
Less Than 12 Months, Gross Unrealized Losses	$ (49,000)		$ (49,000)		$ (5,000)
Less Than 12 Months, Number of Securities | security	13		13		5
12 Months or Longer, Fair Value	$ 0		$ 0		$ 0
12 Months or Longer, Gross Unrealized Losses	$ 0		$ 0		$ 0
12 Months or Longer, Number of Securities | security	0		0		0
Total, Fair Value	$ 3,791,000		$ 3,791,000		$ 1,183,000
Total, Gross Unrealized Losses	$ (49,000)		$ (49,000)		$ (5,000)
Total, Number of Securities | security	13		13		5
Mortgage-backed securities
Securities available-for-sale:
Less Than 12 Months, Fair Value	$ 20,505,000		$ 20,505,000		$ 31,876,000
Less Than 12 Months, Gross Unrealized Losses	$ (418,000)		$ (418,000)		$ (352,000)
Less Than 12 Months, Number of Securities | security	14		14		29
12 months or Longer, Fair Value	$ 35,036,000		$ 35,036,000		$ 18,762,000
12 months or Longer, Gross Unrealized Losses	$ (1,476,000)		$ (1,476,000)		$ (317,000)
12 months or Longer, Number of Securities | security	43		43		21
Total, Fair Value	$ 55,541,000		$ 55,541,000		$ 50,638,000
Total, Gross Unrealized Losses	$ (1,894,000)		$ (1,894,000)		$ (669,000)
Total, Number of Securities | security	57		57		50
Securities held-to-maturity:
Less Than 12 Months, Fair Value	$ 5,400,000		$ 5,400,000		$ 7,997,000
Less Than 12 Months, Gross Unrealized Losses	$ (204,000)		$ (204,000)		$ (93,000)
Less Than 12 Months, Number of Securities | security	4		4		6
12 Months or Longer, Fair Value	$ 10,638,000		$ 10,638,000		$ 5,739,000
12 Months or Longer, Gross Unrealized Losses	$ (639,000)		$ (639,000)		$ (164,000)
12 Months or Longer, Number of Securities | security	12		12		7
Total, Fair Value	$ 16,038,000		$ 16,038,000		$ 13,736,000
Total, Gross Unrealized Losses	$ (843,000)		$ (843,000)		$ (257,000)
Total, Number of Securities | security	16		16		13
Collateralized mortgage obligations
Securities available-for-sale:
Less Than 12 Months, Fair Value	$ 12,000,000		$ 12,000,000		$ 31,191,000
Less Than 12 Months, Gross Unrealized Losses	$ (182,000)		$ (182,000)		$ (454,000)
Less Than 12 Months, Number of Securities | security	8		8		19
12 months or Longer, Fair Value	$ 32,799,000		$ 32,799,000		$ 16,284,000
12 months or Longer, Gross Unrealized Losses	$ (1,616,000)		$ (1,616,000)		$ (554,000)
12 months or Longer, Number of Securities | security	32		32		19
Total, Fair Value	$ 44,799,000		$ 44,799,000		$ 47,475,000
Total, Gross Unrealized Losses	$ (1,798,000)		$ (1,798,000)		$ (1,008,000)
Total, Number of Securities | security	40		40		38

Loans and Allowance for Loan _3

Loans and Allowance for Loan Losses - Loans Held-For-Investment (Details) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	$ 1,308,759,000	$ 1,189,668,000
Deferred loan costs (fees)	365,000	331,000
Loans held-for-investment, net of deferred loan costs (fees)	1,309,124,000	1,189,999,000
Allowance for loan losses	(13,097,000)	(12,224,000)
Net loans held-for-investment	1,296,027,000	1,177,775,000
Loans receivable from related parties	0	0
Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	1,074,301,000	985,391,000
Real Estate | Commercial property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	703,250,000	662,840,000
Real Estate | Residential property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	215,340,000	168,898,000
Real Estate | SBA property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	126,816,000	130,438,000
Real Estate | Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	28,895,000	23,215,000
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	206,986,000	170,407,000
Commercial and Industrial | Commercial term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	96,102,000	77,438,000
Commercial and Industrial | Commercial lines of credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	72,219,000	60,850,000
Commercial and Industrial | SBA commercial term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	28,312,000	30,199,000
Commercial and Industrial | Trade finance
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	10,353,000	1,920,000
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-investment	$ 27,472,000	$ 33,870,000

Loans and Allowance for Loan _4

Loans and Allowance for Loan Losses - Allowance for Loan Losses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Allowance for Doubtful Accounts Receivable [Roll Forward]
Allowance for Loan Losses, beginning balance	$ 12,621	$ 11,029	$ 12,224	$ 11,320
Charge-offs	(44)	(94)	(479)	(356)
Recoveries on loans previously charged off	103	130	415	573
Provision for loan losses	417	586	937	114
Allowance for Loan Losses, ending balance	13,097	11,651	13,097	11,651
Allowance for loan losses:
Individually evaluated for impairment	161		161		$ 208
Collectively evaluated for impairment	12,936		12,936		12,016
Total	13,097		13,097		12,224
Loans receivable:
Individually evaluated for impairment	1,925		1,925		3,801
Collectively evaluated for impairment	1,306,834		1,306,834		1,185,867
Total	1,308,759		1,308,759		1,189,668
Real Estate
Allowance for Doubtful Accounts Receivable [Roll Forward]
Allowance for Loan Losses, beginning balance	9,323	7,818	8,507	7,497
Charge-offs	0	(8)	(204)	(8)
Recoveries on loans previously charged off	16	0	68	1
Provision for loan losses	269	697	1,237	1,017
Allowance for Loan Losses, ending balance	9,608	8,507	9,608	8,507
Allowance for loan losses:
Individually evaluated for impairment	5		5		0
Collectively evaluated for impairment	9,603		9,603		8,507
Total	9,608		9,608		8,507
Loans receivable:
Individually evaluated for impairment	1,524		1,524		3,191
Collectively evaluated for impairment	1,072,777		1,072,777		982,200
Total	1,074,301		1,074,301		985,391
Commercial and Industrial
Allowance for Doubtful Accounts Receivable [Roll Forward]
Allowance for Loan Losses, beginning balance	3,108	3,058	3,548	3,657
Charge-offs	(18)	(72)	(108)	(292)
Recoveries on loans previously charged off	46	121	280	539
Provision for loan losses	108	(121)	(476)	(918)
Allowance for Loan Losses, ending balance	3,244	2,986	3,244	2,986
Allowance for loan losses:
Individually evaluated for impairment	156		156		208
Collectively evaluated for impairment	3,088		3,088		3,340
Total	3,244		3,244		3,548
Loans receivable:
Individually evaluated for impairment	401		401		610
Collectively evaluated for impairment	206,585		206,585		169,797
Total	206,986		206,986		170,407
Consumer
Allowance for Doubtful Accounts Receivable [Roll Forward]
Allowance for Loan Losses, beginning balance	190	153	169	166
Charge-offs	(26)	(14)	(167)	(56)
Recoveries on loans previously charged off	41	9	67	33
Provision for loan losses	40	10	176	15
Allowance for Loan Losses, ending balance	245	$ 158	245	$ 158
Allowance for loan losses:
Individually evaluated for impairment	0		0		0
Collectively evaluated for impairment	245		245		169
Total	245		245		169
Loans receivable:
Individually evaluated for impairment	0		0		0
Collectively evaluated for impairment	27,472		27,472		33,870
Total	$ 27,472		$ 27,472		$ 33,870

Loans and Allowance for Loan _5

Loans and Allowance for Loan Losses - Credit Quality Indicators (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	$ 1,308,759	$ 1,189,668
Pass
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	1,289,946	1,177,428
Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	12,578	7,258
Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	6,235	4,982
Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	0	0
Real Estate
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	1,074,301	985,391
Real Estate | Commercial property
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	703,250	662,840
Real Estate | Commercial property | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	692,400	657,511
Real Estate | Commercial property | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	9,942	4,819
Real Estate | Commercial property | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	908	510
Real Estate | Commercial property | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	0	0
Real Estate | Residential property
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	215,340	168,898
Real Estate | Residential property | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	215,340	168,168
Real Estate | Residential property | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	0	0
Real Estate | Residential property | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	0	730
Real Estate | Residential property | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	0	0
Real Estate | SBA property
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	126,816	130,438
Real Estate | SBA property | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	121,970	124,837
Real Estate | SBA property | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	0	2,435
Real Estate | SBA property | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	4,846	3,166
Real Estate | SBA property | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	0	0
Real Estate | Construction
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	28,895	23,215
Real Estate | Construction | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	26,275	23,215
Real Estate | Construction | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	2,620	0
Real Estate | Construction | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	0	0
Real Estate | Construction | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	0	0
Commercial and Industrial
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	206,986	170,407
Commercial and Industrial | Commercial term
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	96,102	77,438
Commercial and Industrial | Commercial term | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	96,068	77,261
Commercial and Industrial | Commercial term | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	0	0
Commercial and Industrial | Commercial term | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	34	177
Commercial and Industrial | Commercial term | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	0	0
Commercial and Industrial | Commercial lines of credit
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	72,219	60,850
Commercial and Industrial | Commercial lines of credit | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	72,219	60,840
Commercial and Industrial | Commercial lines of credit | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	0	0
Commercial and Industrial | Commercial lines of credit | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	0	10
Commercial and Industrial | Commercial lines of credit | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	0	0
Commercial and Industrial | SBA commercial term
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	28,312	30,199
Commercial and Industrial | SBA commercial term | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	27,963	29,831
Commercial and Industrial | SBA commercial term | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	16	4
Commercial and Industrial | SBA commercial term | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	333	364
Commercial and Industrial | SBA commercial term | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	0	0
Commercial and Industrial | Trade finance
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	10,353	1,920
Commercial and Industrial | Trade finance | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	10,353	1,920
Commercial and Industrial | Trade finance | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	0	0
Commercial and Industrial | Trade finance | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	0	0
Commercial and Industrial | Trade finance | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	0	0
Consumer
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	27,472	33,870
Consumer | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	27,358	33,845
Consumer | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	0	0
Consumer | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	114	25
Consumer | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans held-for-investment	$ 0	$ 0

Loans and Allowance for Loan _6

Loans and Allowance for Loan Losses - Aging of Past Due Accruing Loans and Nonaccrual Loans by Portfolio Segment (Details) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual	$ 1,572,000	$ 3,234,000
Total Past Due and Nonaccrual	2,335,000	4,575,000
Loans guaranteed by US government agency
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual	0	831,000
30 to 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, Still accruing	337,000	1,213,000
60 to 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, Still accruing	426,000	128,000
90 or More Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, Still accruing	0	0
Real Estate | Commercial property
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual	234,000	318,000
Total Past Due and Nonaccrual	234,000	318,000
Real Estate | Commercial property | 30 to 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, Still accruing	0	0
Real Estate | Commercial property | 60 to 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, Still accruing	0	0
Real Estate | Commercial property | 90 or More Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, Still accruing	0	0
Real Estate | Residential property
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual	0	730,000
Total Past Due and Nonaccrual	398,000	1,775,000
Real Estate | Residential property | 30 to 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, Still accruing	95,000	949,000
Real Estate | Residential property | 60 to 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, Still accruing	303,000	96,000
Real Estate | Residential property | 90 or More Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, Still accruing	0	0
Real Estate | SBA property
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual	970,000	1,810,000
Total Past Due and Nonaccrual	970,000	1,810,000
Real Estate | SBA property | 30 to 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, Still accruing	0	0
Real Estate | SBA property | 60 to 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, Still accruing	0	0
Real Estate | SBA property | 90 or More Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, Still accruing	0	0
Commercial and Industrial | Commercial term
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual		4,000
Total Past Due and Nonaccrual		4,000
Commercial and Industrial | Commercial term | 30 to 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, Still accruing		0
Commercial and Industrial | Commercial term | 60 to 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, Still accruing		0
Commercial and Industrial | Commercial term | 90 or More Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, Still accruing		0
Commercial and Industrial | Commercial lines of credit
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual		10,000
Total Past Due and Nonaccrual		10,000
Commercial and Industrial | Commercial lines of credit | 30 to 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, Still accruing		0
Commercial and Industrial | Commercial lines of credit | 60 to 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, Still accruing		0
Commercial and Industrial | Commercial lines of credit | 90 or More Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, Still accruing		0
Commercial and Industrial | SBA commercial term
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual	254,000	338,000
Total Past Due and Nonaccrual	380,000	340,000
Commercial and Industrial | SBA commercial term | 30 to 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, Still accruing	82,000	2,000
Commercial and Industrial | SBA commercial term | 60 to 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, Still accruing	44,000	0
Commercial and Industrial | SBA commercial term | 90 or More Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, Still accruing	0	0
Consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual	114,000	24,000
Total Past Due and Nonaccrual	353,000	318,000
Consumer | 30 to 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, Still accruing	160,000	262,000
Consumer | 60 to 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, Still accruing	79,000	32,000
Consumer | 90 or More Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, Still accruing	$ 0	$ 0

Loans and Allowance for Loan _7

Loans and Allowance for Loan Losses - Impaired Loans by Portfolio Segment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	$ 1,214		$ 1,214		$ 3,522
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	1,338		1,338		5,387
Impaired Financing Receivable, with Related Allowance, Recorded Investment	711		711		279
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	724		724		354
Impaired Financing Receivable, with Related Allowance, Related Allowance	161		161		208
Average Recorded Investment	1,950	$ 4,396	2,420	$ 4,809
Interest Income	7	25	29	70
Interest Foregone on Impaired Loans [Abstract]
Interest income that would have been recognized had impaired loans performed in accordance with their original terms	34	54	163	186
Less: interest income recognized on impaired loans on a cash basis	(8)	(25)	(63)	(95)
Interest income foregone on impaired loans	26	29	100	91
Real Estate | Commercial property
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	234		234		318
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	234		234		494
Impaired Financing Receivable, with Related Allowance, Recorded Investment	0		0		0
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	0		0		0
Impaired Financing Receivable, with Related Allowance, Related Allowance	0		0		0
Average Recorded Investment	237	353	266	336
Interest Income	0	0	0	5
Real Estate | Residential property
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment					730
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance					730
Impaired Financing Receivable, with Related Allowance, Recorded Investment					0
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance					0
Impaired Financing Receivable, with Related Allowance, Related Allowance					0
Average Recorded Investment			274	0
Interest Income			0	0
Real Estate | SBA property
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	808		808		2,143
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	891		891		3,639
Impaired Financing Receivable, with Related Allowance, Recorded Investment	482		482		0
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	481		481		0
Impaired Financing Receivable, with Related Allowance, Related Allowance	5		5		0
Average Recorded Investment	1,297	1,950	1,329	1,973
Interest Income	5	20	16	48
Commercial and Industrial | Commercial term
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	80		80		199
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	86		86		216
Impaired Financing Receivable, with Related Allowance, Recorded Investment	0		0		0
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	0		0		0
Impaired Financing Receivable, with Related Allowance, Related Allowance	0		0		0
Average Recorded Investment	85	612	124	702
Interest Income	1	4	6	13
Commercial and Industrial | Commercial lines of credit
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment					10
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance					20
Impaired Financing Receivable, with Related Allowance, Recorded Investment					0
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance					0
Impaired Financing Receivable, with Related Allowance, Related Allowance					0
Average Recorded Investment	0	822	7	1,083
Interest Income	0	0	0	0
Commercial and Industrial | SBA commercial term
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	92		92		122
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	127		127		288
Impaired Financing Receivable, with Related Allowance, Recorded Investment	229		229		279
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	243		243		354
Impaired Financing Receivable, with Related Allowance, Related Allowance	156		156		$ 208
Average Recorded Investment	331	659	420	715
Interest Income	$ 1	$ 1	$ 7	$ 4

Loans and Allowance for Loan _8

Loans and Allowance for Loan Losses - Troubled Debt Restructurings (Details)	9 Months Ended
	Sep. 30, 2018USD ($)loan	Sep. 30, 2017USD ($)loan	Dec. 31, 2017USD ($)
Loans Modified as TDRs as of Period End [Abstract]
Accruing	$ 467,000		$ 592,000
Nonaccrual	458,000		1,675,000
Total	$ 925,000		2,267,000
Loans Modified as TDRs During the Period [Abstract]
Number of Loans | loan	0	2
Pre-Modification Recorded Investment	$ 0	$ 319,000
Post-Modification Recorded Investment	0	$ 319,000
Commitments to lend to customers with outstanding loans classified as TDRs	0		0
TDRs, allowance for credit losses	$ 155,000		208,000
Loans Modified as TDRs, Subsequent Payment Defaults [Abstract]
Number of Loans | loan	2	1
Recorded Investment at Date of Default	$ 233,000	$ 2,000
Real Estate | Commercial property
Loans Modified as TDRs as of Period End [Abstract]
Accruing	0		0
Nonaccrual	234,000		318,000
Total	$ 234,000		318,000
Loans Modified as TDRs During the Period [Abstract]
Number of Loans | loan	0	1
Pre-Modification Recorded Investment	$ 0	$ 312,000
Post-Modification Recorded Investment	0	$ 312,000
Real Estate | SBA property
Loans Modified as TDRs as of Period End [Abstract]
Accruing	319,000		334,000
Nonaccrual	0		1,039,000
Total	319,000		1,373,000
Commercial and Industrial | Commercial term
Loans Modified as TDRs as of Period End [Abstract]
Accruing	80,000		195,000
Nonaccrual	0		4,000
Total	$ 80,000		199,000
Loans Modified as TDRs During the Period [Abstract]
Number of Loans | loan	0	1
Pre-Modification Recorded Investment	$ 0	$ 7,000
Post-Modification Recorded Investment	0	$ 7,000
Commercial and Industrial | Commercial lines of credit
Loans Modified as TDRs as of Period End [Abstract]
Accruing	0		0
Nonaccrual	0		10,000
Total	0		10,000
Commercial and Industrial | SBA commercial term
Loans Modified as TDRs as of Period End [Abstract]
Accruing	68,000		63,000
Nonaccrual	224,000		304,000
Total	$ 292,000		$ 367,000
Loans Modified as TDRs, Subsequent Payment Defaults [Abstract]
Number of Loans | loan	2	1
Recorded Investment at Date of Default	$ 233,000	$ 2,000

Loans and Allowance for Loan _9

Loans and Allowance for Loan Losses - Loans Held-For-Sale (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Transfer of loans to held-for-sale		$ 0		$ 0
Sales of loans held-for-investment	$ 0	0	$ 0	0
Purchases of loans held-for-investment	0	$ 0	0	$ 0
Loans held-for-sale	12,957,000		12,957,000		$ 5,297,000
Real Estate | Commercial property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-sale	1,660,000		1,660,000		0
Real Estate | Residential property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Transfer of loans to held-for-sale	0		6,000,000
Loans held-for-sale	0		0		270,000
Real Estate | SBA property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-sale	9,834,000		9,834,000		3,491,000
Commercial and Industrial | Commercial property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Transfer of loans to held-for-sale			1,100,000
Commercial and Industrial | SBA commercial term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-sale	$ 1,463,000		$ 1,463,000		$ 1,536,000

Servicing Assets (Details)

Servicing Assets (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Transfers and Servicing [Abstract]
Total servicing assets	$ 8,114,000		$ 8,114,000		$ 8,973,000
Principal value of loans being serviced	534,000,000		534,000,000		$ 543,300,000
Financial assets transferred and accounted for as a sale	23,100,000	$ 29,500,000	71,500,000	$ 98,100,000
Gain on loans transferred and accounted for as sales	1,300,000	2,100,000	4,400,000	6,800,000
Servicing income	578,000	674,000	$ 1,800,000	1,800,000
Valuation allowance recorded during period	4,000	$ 0		$ 0
Valuation allowance reversal	$ 63,000

Servicing Assets - Summary of K

Servicing Assets - Summary of Key Assumptions in Fair Value Calculations (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2018	Dec. 31, 2017	Jun. 30, 2018	Sep. 30, 2017	Jun. 30, 2017	Dec. 31, 2016
Servicing Assets at Fair Value [Line Items]
Carrying amount	$ 8,114	$ 8,973
Residential property
Servicing Assets at Fair Value [Line Items]
Carrying amount	260	308	$ 285	$ 321	$ 349	$ 408
Servicing asset, fair value	$ 260	$ 346
Discount rates	11.25%	10.50%
Prepayment speeds	32.00%	25.60%
Weighted average remaining life	25 years 2 months 19 days	25 years 8 months 23 days
SBA Property
Servicing Assets at Fair Value [Line Items]
Carrying amount	$ 6,741	$ 7,369	6,940	7,282	7,164	6,693
Servicing asset, fair value	$ 7,079	$ 7,991
Discount rates	13.25%	13.25%
Prepayment speeds	14.00%	10.50%
Weighted average remaining life	21 years 10 months 2 days	22 years 1 month 13 days
SBA Commercial Term
Servicing Assets at Fair Value [Line Items]
Carrying amount	$ 1,113	$ 1,296	$ 1,165	$ 1,336	$ 1,288	$ 1,201
Servicing asset, fair value	$ 1,225	$ 1,400
Discount rates	12.75%	12.75%
Prepayment speeds	13.10%	10.60%
Weighted average remaining life	7 years 8 months 1 day	8 years 2 months 23 days

Servicing Assets - Summary of C

Servicing Assets - Summary of Changes in Servicing Assets (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance at beginning of period			$ 8,973
Amortization			(1,931)	$ (1,617)
Balance at end of period	$ 8,114		8,114
Residential property
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance at beginning of period	285	$ 349	308	408
Additions	0	0	22	0
Amortization	(21)	(28)	(66)	(87)
Reversal of impairment (Impairment)	(4)	0	(4)	0
Balance at end of period	260	321	260	321
SBA Property
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance at beginning of period	6,940	7,164	7,369	6,693
Additions	297	494	865	1,766
Amortization	(559)	(376)	(1,493)	(1,177)
Reversal of impairment (Impairment)	63	0	0	0
Balance at end of period	6,741	7,282	6,741	7,282
SBA Commercial Term
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance at beginning of period	1,165	1,288	1,296	1,201
Additions	55	165	189	488
Amortization	(107)	(117)	(372)	(353)
Reversal of impairment (Impairment)	0	0	0	0
Balance at end of period	$ 1,113	$ 1,336	$ 1,113	$ 1,336

Borrowings from Federal Home _2

Borrowings from Federal Home Loan Bank and Other Borrowings (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Borrowings from the FHLB	$ 30,000,000	$ 40,000,000
Weighted average interest rate	1.81%	1.71%
Loans pledged to secure borrowings	$ 776,500,000	$ 711,800,000
Additional borrowing capacity	374,800,000	311,000,000
FHLB of San Francisco
Debt Instrument [Line Items]
Investment in capital stock of the FHLB	7,300,000	$ 6,400,000
FHLB Advances
Debt Instrument [Line Items]
Unused borrowing capacity	49,900,000
Loans pledged as collateral	56,400,000
Borrowings outstanding	0
Overnight federal funds lines, maximum borrowing capacity	$ 60,000,000
FHLB Advances | Minimum
Debt Instrument [Line Items]
Maturity term	2 years	1 year
FHLB Advances | Maximum
Debt Instrument [Line Items]
Maturity term	5 years	5 years

Stockholders' Equity - Narrativ

Stockholders' Equity - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	Sep. 05, 2018	Aug. 14, 2018	Sep. 30, 2018	Sep. 30, 2017
Class of Stock [Line Items]
Stock issued under stock offering, net of expenses			$ 45,537	$ 0
Initial Public Offering
Class of Stock [Line Items]
Stock issued under stock offering, net of expenses (in shares)		2,385,000
Offering price (in dollars per share)		$ 20
Net proceeds from issuance of common stock		$ 47,700
Underwriter Option
Class of Stock [Line Items]
Stock issued under stock offering, net of expenses (in shares)	123,234
Net proceeds from issuance of common stock	$ 2,500
Underwriter option term		30 days
Underwriter option, shares issuable (in shares)		357,750

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Unrealized loss on securities available-for-sale:
Beginning balance			$ 142,184	$ 127,007
Other comprehensive income (loss)
Total other comprehensive income (loss), net of tax	$ (428)	$ 6	(1,817)	71
Balance at end of period	202,938	140,541	202,938	140,541
Unrealized gains or losses on securities available-for-sale
Unrealized loss on securities available-for-sale:
Beginning balance	(2,612)	(466)	(1,223)	(531)
Other comprehensive income (loss)
Unrealized gain (loss) arising during the period	(604)	9	(2,564)	120
Tax effect of current period changes	176	(3)	747	(49)
Total other comprehensive income (loss), net of tax	(428)	6	(1,817)	71
Balance at end of period	$ (3,040)	$ (460)	$ (3,040)	$ (460)

Share-Based Compensation (Detai

Share-Based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Jul. 25, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 147	$ 175	$ 486	$ 522
Realized income tax benefits related to share-based compensation	13	$ 22	38	$ 64
Unrecognized share-based compensation expense on outstanding stock options	$ 1,600		$ 1,600
Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Authorized options to purchase (in shares)					1,114,942
Shares available for future grants (in shares)	606,896		606,896
Weighted average recognition period for recognition of share-based compensation expense			2 years 6 months 22 days
Award contractual term			10 years
Option | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period			3 years
Option | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period			5 years

Share-Based Compensation - Opti

Share-Based Compensation - Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	6 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2018	Jun. 30, 2018	Sep. 30, 2018	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options, Outstanding at beginning of period (in shares)	928,327	859,635	859,635
Options, Granted (in shares)	0		90,000
Options, Exercised (in shares)	(29,466)		(46,781)
Options, Forfeited (in shares)	(6,050)		(10,043)
Options, Outstanding at end of year (in shares)	892,811	928,327	892,811	859,635
Options, Exercisable (in shares)	289,575		289,575
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Weighted-Average Exercise Price Per Share, Outstanding at beginning of period (in dollars per share)	$ 9.55	$ 8.84	$ 8.84
Weighted-Average Exercise Price Per Share, Granted (in dollars per share)			14.95
Weighted-Average Exercise Price Per Share, Exercised (in dollars per share)	6.23		5.54
Weighted-Average Exercise Price Per Share, Forfeited (in dollars per share)	10.33		9.96
Weighted-Average Exercise Price Per Share, Outstanding at ending of period (in dollars per share)	9.66	$ 9.55	9.66	$ 8.84
Weighted-Average Exercise Price Per Share, Exercisable (in dollars per share)	$ 6.52		$ 6.52
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Weighted-Average Contractual Term, Outstanding	6 years 8 months 23 days	6 years 11 months 5 days	6 years 8 months 23 days	7 years 1 month 6 days
Weighted-Average Contractual Term, Granted			9 years 4 months 16 days
Weighted-Average Contractual Term, Exercised	5 years 1 month 29 days		4 years 10 months 12 days
Weighted-Average Contractual Term, Forfeited	7 years 30 days		6 years 6 months 30 days
Weighted-Average Contractual Term, Exercisable	5 years 1 month 25 days		5 years 1 month 25 days
Aggregate Intrinsic Value, Balance	$ 8,646	$ 7,239	$ 8,646	$ 6,155
Aggregate Intrinsic Value, Exercisable	$ 3,711		$ 3,711

Share-Based Compensation - Nonv

Share-Based Compensation - Nonvested Options (Details) - $ / shares	3 Months Ended	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2018
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Number of Shares [Roll Forward]
Unvested Options, Outstanding at beginning of period (in shares)	613,286	578,154
Unvested Options, Granted (in shares)	0	90,000
Unvested Options, Vested (in shares)	(4,000)	(57,271)
Unvested Options, Forfeited (in shares)	(6,050)	(7,647)
Unvested Options, Outstanding at end of period (in shares)	603,236	603,236
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Weighted-Average Exercise Price Per Share, Outstanding (in dollars per share)	$ 11.17	$ 9.96
Weighted-Average Exercise Price Per Share, Granted (in dollars per share)		14.95
Weighted-Average Exercise Price Per Share, Vested (in dollars per share)	14	5.29
Weighted-Average Exercise Price Per Share, Forfeited (in dollars per share)	9.96	9.96
Weighted-Average Exercise Price Per Share, Outstanding (in dollars per share)	$ 11.16	$ 11.16

Income Taxes (Details)

Income Taxes (Details) - USD ($)	Jan. 01, 2018	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Income tax expense		$ 2,816,000	$ 3,494,000	$ 7,510,000	$ 10,316,000
Effective tax rate		30.10%	42.10%	29.90%	42.30%
Unrecognized tax benefits, accrued interest		$ 0		$ 0		$ 0
Unrecognized tax benefits, income tax penalties accrued		$ 0		$ 0		$ 0
Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reclassification from AOCI to retained earnings	$ 242,000
Accumulated Other Comprehensive Loss
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reclassification from AOCI to retained earnings	$ (242,000)

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Basic earnings per share:
Net income	$ 6,543	$ 4,806	$ 17,569	$ 14,064
Weighted-average common share outstanding (in shares)	14,730,120	13,412,407	13,865,190	13,405,413
Basic earnings per share (in dollars per share)	$ 0.44	$ 0.36	$ 1.27	$ 1.05
Diluted earnings per share:
Net income	$ 6,543	$ 4,806	$ 17,569	$ 14,064
Weighted-average common share outstanding (in shares)	14,730,120	13,412,407	13,865,190	13,405,413
Diluted effect of stock options (in shares)	194,426	132,448	186,371	125,037
Diluted weighted-average common shares outstanding (in shares)	14,924,546	13,544,855	14,051,561	13,530,450
Diluted earnings per share (in shares)	$ 0.44	$ 0.35	$ 1.25	$ 1.04
Stock options excluded in computing diluted earnings per share	0	0	0	0

Commitments and Contingencies_2

Commitments and Contingencies (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Other Commitments [Line Items]
Other Commitment	$ 124,154	$ 113,377
Operating lease commitments	11,400	12,700
SEC Schedule, 12-09, Reserve, Off-balance Sheet Activity
Other Commitments [Line Items]
Valuation reserve	123	121
Commitments to extend credit
Other Commitments [Line Items]
Other Commitment	118,764	109,835
Standby letters of credit
Other Commitments [Line Items]
Other Commitment	4,613	3,309
Commercial letters of credit
Other Commitments [Line Items]
Other Commitment	$ 777	$ 233

Regulatory Matters (Details)

Regulatory Matters (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Pacific City Financial Corporation
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Capital conservation buffer	9.12%	5.20%
Actual
Common tier 1 capital (to risk-weighted assets), amount	$ 204,865	$ 142,370
Common tier 1 capital (to risk-weighted assets), ratio	16.10%	12.20%
Total capital (to risk-weighted assets), amount	$ 218,085	$ 154,715
Total capital (to risk-weighted assets), ratio	17.10%	13.20%
Tier 1 capital (to risk-weighted assets), amount	$ 204,865	$ 142,370
Tier 1 capital (to risk-weighted assets), ratio	16.10%	12.20%
Tier 1 capital (to average assets), amount	$ 204,865	$ 142,370
Tier 1 capital (to average assets), ratio	12.60%	10.00%
Minimum Capital Requirement
Common tier 1 capital (to risk-weighted assets), amount	$ 57,334	$ 52,730
Common tier 1 capital (to risk-weighted assets), ratio	4.50%	4.50%
Total capital (to risk-weighted assets), amount	$ 101,927	$ 93,766
Total capital (to risk-weighted assets), ratio	8.00%	8.00%
Tier 1 capital (to risk-weighted assets), amount	$ 76,445	$ 70,306
Tier 1 capital (to risk-weighted assets), ratio	6.00%	6.00%
Tier 1 capital (to average assets), amount	$ 65,062	$ 56,891
Tier 1 capital (to average assets), ratio	4.00%	4.00%
Pacific City Bank
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Capital conservation buffer	8.93%	5.12%
Actual
Common tier 1 capital (to risk-weighted assets), amount	$ 202,464	$ 141,361
Common tier 1 capital (to risk-weighted assets), ratio	15.90%	12.10%
Total capital (to risk-weighted assets), amount	$ 215,684	$ 153,705
Total capital (to risk-weighted assets), ratio	16.90%	13.10%
Tier 1 capital (to risk-weighted assets), amount	$ 202,464	$ 141,361
Tier 1 capital (to risk-weighted assets), ratio	15.90%	12.10%
Tier 1 capital (to average assets), amount	$ 202,464	$ 141,361
Tier 1 capital (to average assets), ratio	12.40%	9.90%
Minimum Capital Requirement
Common tier 1 capital (to risk-weighted assets), amount	$ 57,332	$ 52,747
Common tier 1 capital (to risk-weighted assets), ratio	4.50%	4.50%
Total capital (to risk-weighted assets), amount	$ 101,923	$ 93,723
Total capital (to risk-weighted assets), ratio	8.00%	8.00%
Tier 1 capital (to risk-weighted assets), amount	$ 76,442	$ 70,329
Tier 1 capital (to risk-weighted assets), ratio	6.00%	6.00%
Tier 1 capital (to average assets), amount	$ 65,060	$ 56,886
Tier 1 capital (to average assets), ratio	4.00%	4.00%
To Be Well Capitalized Under Prompt Corrective Provisions
Common tier 1 capital (to risk-weighted assets), amount	$ 82,813	$ 76,189
Common tier 1 capital (to risk-weighted assets), ratio	6.50%	6.50%
Total capital (to risk-weighted assets), amount	$ 127,404	$ 117,153
Total capital (to risk-weighted assets), ratio	10.00%	10.00%
Tier 1 capital (to risk-weighted assets), amount	$ 101,923	$ 93,772
Tier 1 capital (to risk-weighted assets), ratio	8.00%	8.00%
Tier 1 capital (to average assets), amount	$ 81,324	$ 71,107
Tier 1 capital (to average assets), ratio	5.00%	5.00%

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Disaggregation of Revenue [Line Items]
Service charges and fees on deposits	$ 613	$ 555	$ 1,775	$ 1,632
Service charges and fees on deposits
Disaggregation of Revenue [Line Items]
Service charges and fees on deposits	377	333	1,102	1,020
Monthly service fees
Disaggregation of Revenue [Line Items]
Service charges and fees on deposits	28	24	80	75
Account analysis fees
Disaggregation of Revenue [Line Items]
Service charges and fees on deposits	243	231	719	674
Non-sufficient funds charges
Disaggregation of Revenue [Line Items]
Service charges and fees on deposits	82	57	235	204
Other deposit related fees
Disaggregation of Revenue [Line Items]
Service charges and fees on deposits	24	21	68	67
Debit card fees
Disaggregation of Revenue [Line Items]
Service charges and fees on deposits	62	56	157	153
Gain (loss) on sale of other real estate owned
Disaggregation of Revenue [Line Items]
Service charges and fees on deposits	0	(4)	3	(10)
Wire transfer fees
Disaggregation of Revenue [Line Items]
Service charges and fees on deposits	122	113	348	321
Other service charges
Disaggregation of Revenue [Line Items]
Service charges and fees on deposits	$ 52	$ 57	$ 165	$ 148