Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Sep. 30, 2023 | Oct. 31, 2023 | |
Document Information [Line Items] | ||
Entity Central Index Key | 0001499422 | |
Entity Registrant Name | RBB Bancorp | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Document Fiscal Period Focus | Q3 | |
Document Fiscal Year Focus | 2023 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Sep. 30, 2023 | |
Document Transition Report | false | |
Entity File Number | 001-38149 | |
Entity Incorporation, State or Country Code | CA | |
Entity Tax Identification Number | 27-2776416 | |
Entity Address, Address Line One | 1055 Wilshire Blvd., Suite 1200 | |
Entity Address, City or Town | Los Angeles | |
Entity Address, State or Province | CA | |
Entity Address, Postal Zip Code | 90017 | |
City Area Code | 213 | |
Local Phone Number | 627-9888 | |
Title of 12(b) Security | Common Stock, No Par Value | |
Trading Symbol | RBB | |
Security Exchange Name | NASDAQ | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Accelerated Filer | |
Entity Small Business | false | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 18,995,303 |
Consolidated Balance Sheets (Cu
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Assets | ||
Cash and due from banks | $ 330,791 | $ 83,548 |
Interest-earning deposits in other financial institutions | 600 | 600 |
Securities: | ||
Available for sale | 354,378 | 256,830 |
Held to maturity (fair value of $4,750 and $5,563 at September 30, 2023 and December 31, 2022, respectively) | 5,214 | 5,729 |
Mortgage loans held for sale | 62 | 0 |
Loans held for investment: | ||
Real estate | 2,929,017 | 3,053,864 |
Commercial and other | 191,552 | 283,106 |
Total loans | 3,120,569 | 3,336,970 |
Unaccreted discount on acquired loans | (998) | (1,238) |
Deferred loan costs, net | 1,381 | 717 |
Total loans, net of deferred loan costs and unaccreted discounts on acquired loans | 3,120,952 | 3,336,449 |
Allowance for credit losses | (42,430) | (41,076) |
Net loans | 3,078,522 | 3,295,373 |
Premises and equipment, net | 26,134 | 27,009 |
Federal Home Loan Bank (FHLB) stock | 15,000 | 15,000 |
Net deferred tax assets | 18,323 | 16,977 |
Cash surrender value of bank owned life insurance (BOLI) | 58,346 | 57,310 |
Goodwill | 71,498 | 71,498 |
Servicing assets | 8,439 | 9,521 |
Core deposit intangibles | 3,010 | 3,718 |
Right-of-use assets- operating leases | 29,949 | 25,447 |
Accrued interest and other assets | 69,088 | 50,498 |
Total assets | 4,069,354 | 3,919,058 |
Deposits: | ||
Noninterest-bearing demand | 572,393 | 798,741 |
Savings, NOW and money market accounts | 608,020 | 615,339 |
Time deposits $250,000 and under | 1,237,831 | 837,369 |
Time deposits over $250,000 | 735,828 | 726,234 |
Total deposits | 3,154,072 | 2,977,683 |
Reserve for unfunded commitments | 654 | 1,157 |
FHLB advances | 150,000 | 220,000 |
Long-term debt (net of unamortized debt issuance costs of $981 and $1,415 at September 30, 2023 and December 31, 2022, respectively) | 174,019 | 173,585 |
Subordinated debentures | 14,884 | 14,720 |
Lease liabilities - operating leases | 31,265 | 26,523 |
Accrued interest and other liabilities | 41,949 | 20,827 |
Total liabilities | 3,566,843 | 3,434,495 |
Commitments and contingencies - Note 13 | ||
Shareholders' equity: | ||
Preferred Stock - 100,000,000 shares authorized, no par value; none outstanding | 0 | 0 |
Common Stock - 100,000,000 shares authorized, no par value; 18,995,303 shares issued and outstanding at September 30, 2023 and 18,965,776 shares issues and outstanding at December 31, 2022 | 277,462 | 276,912 |
Additional paid-in capital | 3,579 | 3,361 |
Retained earnings | 247,159 | 225,883 |
Non-controlling interest | 72 | 72 |
Accumulated other comprehensive loss, net | (25,761) | (21,665) |
Total shareholders’ equity | 502,511 | 484,563 |
Total liabilities and shareholders’ equity | $ 4,069,354 | $ 3,919,058 |
Consolidated Balance Sheets (_2
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ / shares in Thousands, $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Securities held to maturity, fair value | $ 4,750 | $ 5,563 |
Unamortized debt issuance costs | $ 981 | $ 1,415 |
Preferred stock, shares authorized (in shares) | 100,000,000 | 100,000,000 |
Preferred stock, no par value (in dollars per share) | $ 0 | $ 0 |
Preferred stock, shares outstanding (in shares) | 0 | 0 |
Common stock, shares authorized (in shares) | 100,000,000 | 100,000,000 |
Common stock, par value (in dollars per share) | $ 0 | $ 0 |
Common stock, shares issued (in shares) | 18,995,303 | 18,965,776 |
Common stock, shares outstanding (in shares) | 18,995,303 | 18,965,776 |
Consolidated Statements of Inco
Consolidated Statements of Income (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Interest and dividend income: | ||||
Interest and fees on loans | $ 47,617,000 | $ 43,588,000 | $ 148,369,000 | $ 121,631,000 |
Interest on interest-earning deposits | 3,193,000 | 373,000 | 6,096,000 | 655,000 |
Interest on investment securities | 4,211,000 | 1,784,000 | 10,321,000 | 4,210,000 |
Dividend income on FHLB stock | 290,000 | 224,000 | 814,000 | 673,000 |
Interest on federal funds sold and other | 252,000 | 445,000 | 716,000 | 1,149,000 |
Total interest income | 55,563,000 | 46,414,000 | 166,316,000 | 128,318,000 |
Interest expense: | ||||
Interest on savings deposits, now and money market accounts | 3,106,000 | 1,529,000 | 8,180,000 | 3,091,000 |
Interest on time deposits | 21,849,000 | 2,460,000 | 54,424,000 | 5,540,000 |
Interest on subordinated debentures and long-term debt | 2,579,000 | 2,427,000 | 7,668,000 | 7,154,000 |
Interest on other borrowed funds | 440,000 | 1,020,000 | 2,428,000 | 1,974,000 |
Total interest expense | 27,974,000 | 7,436,000 | 72,700,000 | 17,759,000 |
Net interest income | 27,589,000 | 38,978,000 | 93,616,000 | 110,559,000 |
Provision for credit losses | 1,399,000 | 1,766,000 | 3,793,000 | 3,048,000 |
Net interest income after provision for credit losses | 26,190,000 | 37,212,000 | 89,823,000 | 107,511,000 |
Noninterest income: | ||||
Service charges, fees and other | 1,357,000 | 1,214,000 | 4,150,000 | 3,745,000 |
Gain on sale of loans | 212,000 | 265,000 | 258,000 | 1,783,000 |
Loan servicing fees, net of amortization | 623,000 | 724,000 | 1,959,000 | 1,628,000 |
Increase in cash surrender value of life insurance | 356,000 | 332,000 | 1,036,000 | 986,000 |
Gain on sale of OREO | 190,000 | 0 | 190,000 | 0 |
Gain on sale of fixed assets | 32,000 | 0 | 32,000 | 757,000 |
Noninterest Income | 2,770,000 | 2,535,000 | 7,625,000 | 8,899,000 |
Noninterest expense: | ||||
Salaries and employee benefits | 9,744,000 | 9,561,000 | 28,935,000 | 28,558,000 |
Occupancy and equipment expenses | 2,414,000 | 2,349,000 | 7,242,000 | 6,728,000 |
Data processing | 1,315,000 | 1,306,000 | 3,969,000 | 3,857,000 |
Legal and professional | 1,022,000 | 1,077,000 | 6,907,000 | 4,337,000 |
Office expenses | 437,000 | 382,000 | 1,163,000 | 1,033,000 |
Marketing and business promotion | 340,000 | 364,000 | 892,000 | 1,172,000 |
Insurance and regulatory assessments | 730,000 | 441,000 | 2,043,000 | 1,360,000 |
Core deposit premium | 236,000 | 277,000 | 708,000 | 833,000 |
Other expenses | 638,000 | 940,000 | 2,445,000 | 2,489,000 |
Noninterest Expense | 16,876,000 | 16,697,000 | 54,304,000 | 50,367,000 |
Income before income taxes | 12,084,000 | 23,050,000 | 43,144,000 | 66,043,000 |
Income tax expense | 3,611,000 | 6,398,000 | 12,752,000 | 19,297,000 |
Net income | $ 8,473,000 | $ 16,652,000 | $ 30,392,000 | $ 46,746,000 |
Net income per share | ||||
Basic (in dollars per share) | $ 0.45 | $ 0.88 | $ 1.6 | $ 2.44 |
Diluted (in dollars per share) | $ 0.45 | $ 0.87 | $ 1.6 | $ 2.41 |
Weighted-average common shares outstanding | ||||
Basic (in shares) | 18,995,303 | 18,988,443 | 18,991,579 | 19,142,732 |
Diluted (in shares) | 18,997,304 | 19,130,447 | 19,013,838 | 19,415,558 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Net income | $ 8,473 | $ 16,652 | $ 30,392 | $ 46,746 |
Other comprehensive loss: | ||||
Unrealized loss on securities available for sale: | (4,824) | (9,773) | (5,838) | (30,140) |
Related income tax effect: | 1,468 | 2,999 | 1,742 | 9,275 |
Total other comprehensive loss | (3,356) | (6,774) | (4,096) | (20,865) |
Total comprehensive income | $ 5,117 | $ 9,878 | $ 26,296 | $ 25,881 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands | Restricted Stock Units (RSUs) [Member] Common Stock [Member] | Restricted Stock Units (RSUs) [Member] Additional Paid-in Capital [Member] | Restricted Stock Units (RSUs) [Member] Retained Earnings [Member] | Restricted Stock Units (RSUs) [Member] Noncontrolling Interest [Member] | Restricted Stock Units (RSUs) [Member] AOCI Attributable to Parent [Member] | Restricted Stock Units (RSUs) [Member] | Restricted Stock [Member] Common Stock [Member] | Restricted Stock [Member] Additional Paid-in Capital [Member] | Restricted Stock [Member] Retained Earnings [Member] | Restricted Stock [Member] Noncontrolling Interest [Member] | Restricted Stock [Member] AOCI Attributable to Parent [Member] | Restricted Stock [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] Common Stock [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] Additional Paid-in Capital [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] Retained Earnings [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] Noncontrolling Interest [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] AOCI Attributable to Parent [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Noncontrolling Interest [Member] | AOCI Attributable to Parent [Member] | Total | |
Balance (in shares) at Dec. 31, 2021 | 19,455,544 | ||||||||||||||||||||||||
Balance (Accounting Standards Update 2016-13 [Member]) at Dec. 31, 2021 | [1] | $ 0 | $ 0 | $ (2,204) | $ 0 | $ 0 | $ (2,204) | ||||||||||||||||||
Balance at Dec. 31, 2021 | $ 282,335 | $ 4,603 | $ 181,329 | $ 72 | $ (1,656) | $ 466,683 | |||||||||||||||||||
Net income | 0 | 0 | 46,746 | 0 | 0 | 46,746 | |||||||||||||||||||
Stock-based compensation | 0 | 680 | 0 | 0 | 0 | 680 | |||||||||||||||||||
Cash dividends on common stock | 0 | 0 | (8,074) | 0 | 0 | (8,074) | |||||||||||||||||||
Other comprehensive gain/(loss), net of taxes | $ 0 | 0 | 0 | 0 | (20,865) | $ (20,865) | |||||||||||||||||||
Restricted stock unit vested (in shares) | 7,450 | 0 | |||||||||||||||||||||||
Restricted stock unit vested | $ 202 | $ (202) | $ 0 | $ 0 | $ 0 | $ 0 | $ 355 | $ (355) | $ 0 | $ 0 | $ 0 | $ 0 | |||||||||||||
Stock options exercised (in shares) | 442,308 | 442,308 | |||||||||||||||||||||||
Stock options exercised | $ 6,969 | (1,533) | 0 | 0 | 0 | $ 5,436 | |||||||||||||||||||
Repurchase of common stock (in shares) | (853,630) | ||||||||||||||||||||||||
Repurchase of common stock | $ (12,280) | 0 | (6,527) | (18,807) | |||||||||||||||||||||
Restricted stock cancelled (in shares) | (40,000) | ||||||||||||||||||||||||
Restricted stock cancelled | $ 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||
Balance (in shares) at Sep. 30, 2022 | 19,011,672 | ||||||||||||||||||||||||
Balance at Sep. 30, 2022 | $ 277,581 | 3,193 | 211,270 | 72 | (22,521) | 469,595 | |||||||||||||||||||
Balance (in shares) at Jun. 30, 2022 | 18,881,829 | ||||||||||||||||||||||||
Balance at Jun. 30, 2022 | $ 275,096 | 4,193 | 197,889 | 72 | (15,747) | 461,503 | |||||||||||||||||||
Net income | 0 | 0 | 16,652 | 0 | 0 | 16,652 | |||||||||||||||||||
Stock-based compensation | 0 | 274 | 0 | 0 | 0 | 274 | |||||||||||||||||||
Cash dividends on common stock | 0 | 0 | (2,663) | 0 | 0 | (2,663) | |||||||||||||||||||
Other comprehensive gain/(loss), net of taxes | $ 0 | 0 | 0 | 0 | (6,774) | $ (6,774) | |||||||||||||||||||
Restricted stock unit vested (in shares) | 6,450 | ||||||||||||||||||||||||
Restricted stock unit vested | $ 175 | (175) | 0 | 0 | 0 | 0 | |||||||||||||||||||
Stock options exercised (in shares) | 217,932 | 217,932 | |||||||||||||||||||||||
Stock options exercised | $ 3,680 | (1,099) | 0 | 0 | 0 | $ 2,581 | |||||||||||||||||||
Repurchase of common stock (in shares) | (94,539) | ||||||||||||||||||||||||
Repurchase of common stock | $ (1,370) | 0 | (608) | (1,978) | |||||||||||||||||||||
Balance (in shares) at Sep. 30, 2022 | 19,011,672 | ||||||||||||||||||||||||
Balance at Sep. 30, 2022 | $ 277,581 | 3,193 | 211,270 | 72 | (22,521) | $ 469,595 | |||||||||||||||||||
Balance (in shares) at Dec. 31, 2022 | 18,965,776 | 18,965,776 | |||||||||||||||||||||||
Balance at Dec. 31, 2022 | $ 276,912 | 3,361 | 225,883 | 72 | (21,665) | $ 484,563 | |||||||||||||||||||
Net income | 0 | 0 | 30,392 | 0 | 0 | 30,392 | |||||||||||||||||||
Stock-based compensation | 0 | 609 | 0 | 0 | 0 | 609 | |||||||||||||||||||
Cash dividends on common stock | 0 | 0 | (9,116) | 0 | 0 | (9,116) | |||||||||||||||||||
Other comprehensive gain/(loss), net of taxes | $ 0 | 0 | 0 | 0 | (4,096) | $ (4,096) | |||||||||||||||||||
Restricted stock unit vested (in shares) | 20,374 | ||||||||||||||||||||||||
Restricted stock unit vested | $ 391 | $ (391) | $ 0 | $ 0 | $ 0 | $ 0 | |||||||||||||||||||
Stock options exercised (in shares) | 9,153 | 9,153 | |||||||||||||||||||||||
Stock options exercised | $ 159 | 0 | 0 | 0 | 0 | $ 159 | |||||||||||||||||||
Balance (in shares) at Sep. 30, 2023 | 18,995,303 | 18,995,303 | |||||||||||||||||||||||
Balance at Sep. 30, 2023 | $ 277,462 | 3,579 | 247,159 | 72 | (25,761) | $ 502,511 | |||||||||||||||||||
Balance (in shares) at Jun. 30, 2023 | 18,995,303 | ||||||||||||||||||||||||
Balance at Jun. 30, 2023 | $ 277,462 | 3,436 | 241,725 | 72 | (22,405) | 500,290 | |||||||||||||||||||
Net income | 0 | 0 | 8,473 | 0 | 0 | 8,473 | |||||||||||||||||||
Stock-based compensation | 0 | 143 | 0 | 0 | 0 | 143 | |||||||||||||||||||
Cash dividends on common stock | 0 | 0 | (3,039) | 0 | 0 | (3,039) | |||||||||||||||||||
Other comprehensive gain/(loss), net of taxes | $ 0 | 0 | 0 | 0 | (3,356) | $ (3,356) | |||||||||||||||||||
Stock options exercised (in shares) | 0 | ||||||||||||||||||||||||
Balance (in shares) at Sep. 30, 2023 | 18,995,303 | 18,995,303 | |||||||||||||||||||||||
Balance at Sep. 30, 2023 | $ 277,462 | $ 3,579 | $ 247,159 | $ 72 | $ (25,761) | $ 502,511 | |||||||||||||||||||
[1]Represents the impact of the adoption of Accounting Standards Update ASU 2016-13, Financial Instruments – Credit Losses (Topic 326) on January 1, 2022. |
Consolidated Statements of Ch_2
Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parentheticals) - $ / shares | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Common stock dividends per share (in dollars per share) | $ 0.16 | $ 0.14 | $ 0.48 | $ 0.42 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | Dec. 31, 2022 | |
Operating activities | |||||
Net income | $ 8,473,000 | $ 16,652,000 | $ 30,392,000 | $ 46,746,000 | |
Adjustments to reconcile net income to net cash from Operating activities: | |||||
Depreciation and amortization of premises and equipment | 1,520,000 | 1,869,000 | |||
Net accretion of securities, loans, deposits, and other | (4,257,000) | (391,000) | |||
Amortization of investment in affordable housing tax credits | 846,000 | 778,000 | |||
Amortization of intangible assets | 1,976,000 | 3,023,000 | |||
Amortization of right-of-use asset | 3,765,000 | 3,858,000 | |||
Change in operating lease liabilities | (3,525,000) | (3,754,000) | |||
Provision for credit losses | 1,399,000 | 1,766,000 | 3,793,000 | 3,048,000 | |
Stock-based compensation | 609,000 | 680,000 | |||
Deferred tax benefit | 395,000 | 72,000 | |||
Gain on sale of loans | (212,000) | (265,000) | (258,000) | (1,783,000) | |
Gain on sale of OREO | (190,000) | 0 | (190,000) | 0 | |
Gain on sale of fixed assets | (32,000) | 0 | (32,000) | (757,000) | |
Increase in cash surrender value of life insurance | (1,036,000) | (986,000) | |||
Loans originated and purchased for sale, net | (10,236,000) | (37,612,000) | |||
Proceeds from loans sold | 14,626,000 | 56,480,000 | |||
Other items | 21,716,000 | 17,000 | |||
Net cash provided by operating activities | 60,104,000 | 71,288,000 | |||
Investing activities | |||||
Purchases | (592,177,000) | (340,226,000) | |||
Maturities, repayments and calls | 493,220,000 | 412,480,000 | |||
Securities held to maturity: | |||||
Maturities, repayments and calls | 500,000 | 500,000 | |||
Purchase of other equity securities, net | (378,000) | (1,208,000) | |||
Net increase of investment in qualified affordable housing projects | (72,000) | (133,000) | |||
Net decrease (increase) in loans | 188,856,000 | (294,693,000) | |||
Proceeds from sales of OREO | 483,000 | 0 | |||
Net cash received in connection with a branch purchase | 0 | 71,352,000 | |||
Proceeds from sale of fixed assets | 32,000 | 757,000 | |||
Purchases of premises and equipment | (614,000) | (1,473,000) | |||
Net cash provided by (used in) investing activities | 89,850,000 | (152,644,000) | |||
Financing activities | |||||
Net decrease in demand deposits and savings accounts | (233,667,000) | (502,364,000) | |||
Net increase (decrease) in time deposits | 409,913,000 | (5,028,000) | |||
Proceeds from FHLB advances | 80,000,000 | 470,000,000 | |||
Repayments of FHLB Advances | (150,000,000) | (380,000,000) | |||
Cash dividends paid | (9,116,000) | (8,074,000) | |||
Common stock repurchased, net of repurchased costs | 0 | (18,807,000) | |||
Exercise of stock options | 2,600,000 | 159,000 | 5,436,000 | ||
Net cash provided by (used in) financing activities | 97,289,000 | (438,837,000) | |||
Net increase (decrease) in cash and cash equivalents | 247,243,000 | (520,193,000) | |||
Cash and cash equivalents at beginning of period | 83,548,000 | 694,372,000 | $ 694,372,000 | ||
Cash and cash equivalents at end of period | $ 330,791,000 | $ 174,179,000 | 330,791,000 | 174,179,000 | $ 83,548,000 |
Cash paid during the period: | |||||
Interest paid | 64,936,000 | 15,500,000 | |||
Taxes paid | 2,829,000 | 19,263,000 | |||
Non-cash investing and financing activities: | |||||
Loans transfer to held for sale, net | 4,194,000 | 12,313,000 | |||
Additions to servicing assets | 186,000 | 727,000 | |||
Net change in unrealized holding gain on securities available for sale | (5,838,000) | (30,140,000) | |||
Recognition of operating lease right-of-use assets | (8,267,000) | (6,172,000) | |||
Recognition of operating lease liabilities | 8,267,000 | 6,172,000 | |||
Acquisition: | |||||
Assets acquired, net of cash received | 0 | 8,183,000 | |||
Liabilities assumed | 0 | 81,790,000 | |||
Cash considerations | 0 | (71,040,000) | |||
Goodwill | $ 0 | $ 2,255,000 |
Note 1 - Business Description
Note 1 - Business Description | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Nature of Operations [Text Block] | NOTE 1 RBB Bancorp (“RBB”) is a bank holding company registered under the Bank Holding Company Act of 1956, At September 30, 2023, The Bank provides business-banking services to the Asian-American communities in Los Angeles County, Orange County and Ventura County in California, in Las Vegas, Nevada, the New York City metropolitan areas, Edison, New Jersey, Chicago, Illinois, and Honolulu, Hawaii. Specific services include remote deposit, E-banking, mobile banking, commercial and investor real estate loans, business loans and lines of credit, Small Business Administration (“SBA”) 7A 504 The Company operates full-service banking offices in Arcadia, Cerritos, Diamond Bar, Irvine, Los Angeles, Monterey Park, Oxnard, Rowland Heights, San Gabriel, Silver Lake, Torrance, and Westlake Village, California; Las Vegas, Nevada; Manhattan, Brooklyn, Flushing, and Elmhurst, New York; the Chinatown and Bridgeport neighborhoods of Chicago, Illinois; Edison, New Jersey; and Honolulu, Hawaii. The Company’s primary source of revenue is providing loans to customers, who are predominantly small and middle-market businesses and individuals. The Company generates its revenue primarily from interest received on loans and, to a lesser extent, from interest received on investment securities and interest-earning deposits. The Company also derives income from noninterest sources, such as fees received in connection with various lending and deposit services, loan servicing, gain on sales of loans and wealth management services. The Company’s principal expenses include interest expense on deposits and borrowings, and operating expenses, such as salaries and employee benefits, occupancy and equipment, data processing, and income tax expense. The Company has completed six whole bank acquisitions and one July 2011 January 2022. December 28, 2021, September 28, 2023, September 28, 2023. |
Note 2 - Basis of Presentation
Note 2 - Basis of Presentation and Summary of Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Basis of Presentation and Significant Accounting Policies [Text Block] | NOTE 2 Basis of Presentation The accompanying unaudited consolidated financial statements and notes thereto of the Company have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”) for Form 10 three nine September 30, 2023 not December 31, 2022, 10 December 31, 2022 No. 1 10 “2022 Use of Estimates in the Preparation of Financial Statements The preparation of 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 financial statements and the reported amounts of revenues and expenses during the reporting period. It is reasonably possible that these estimates could change as actual results could differ from those estimates. Summary of Significant Accounting Policies The accompanying unaudited consolidated financial statements were compiled in accordance with the accounting policies set forth in "Note 2 December 31, 2022, 2022 Recent Accounting Pronouncements Recently adopted In June 2016, 2016 13, 326 not 1 2 not 2016 13 December 31, 2022, January 1, 2022 December 31, 2022. one 2016 13 January 1, 2022. The following table sets forth the cumulative effect of the changes to the Company's consolidated balance sheet at January 1, 2022, 2016 13: Adjustments due to Balance at Adoption of Balance at (dollars in thousands) December 31, 2021 ASC 326 January 1, 2022 Assets: Allowance for credit losses on loans $ 32,912 $ 2,135 $ 35,047 Deferred tax assets 4,855 977 5,832 Liabilities: Allowance for unfunded commitments $ 1,203 $ 1,045 $ 2,248 Shareholders' equity: Retained earnings, net of tax $ 181,329 $ (2,204 ) $ 179,125 In February 2019, three one 2016 13. March 2020, two five 2019 19" five January 1, 2022, 2016 13, December 31, 2022, not three five In February 2020, 2020 02, 326 842 No. 119 No. 2016 02, 842 January 1, 2022. In October 2021 , 2021 08 , not December 15, 2022. 2021 08 January 1, 2023 not In March 2022, 2022 02, 326 1 2 3 December 15, 2022, may 2022 02 January 1, 2023 not In March 2020, 2020 04, 848 not December 31, 2022. December 31, 2022. December 2022, 2022 06, 848 848,” 848 December 31, 2022 December 31, 2024, no 848. June 30, 2023. July 3, 2023. No 9 10 10 Recently issued not In June 2022, 2022 03, 820 not not 2022 03 2022 03 January 1, 2024. 2022 03 not In March 2023, 2023 02, 323 2023 02 December 15, 2023, 2023 02 not |
Note 3 - Acquisitions
Note 3 - Acquisitions | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Business Combination Disclosure [Text Block] | NOTE 3 ACQUISITIONS Honolulu, Hawaii Branch Purchase On January 14, 2022, January 14, 2022. The Company acquired the BOTO Honolulu Branch to strategically establish a presence in the Hawaiian Islands area. Goodwill in the amount of $2.3 million and core deposit premium of $729,000 was recognized in connection with this acquisition. Goodwill represents the future economic benefits arising from net assets acquired that are not two not The following table represents the assets acquired and liabilities assumed in connection with the acquisition of the BOTO Honolulu Branch as of January 14, 2022 Fair Value Fair (dollars in thousands) Book Value Adjustments Value Assets acquired Cash and cash equivalents $ 312 $ — $ 312 Loans, gross 7,352 38 7,390 Bank premises and equipment 12 — 12 Core deposit intangible — 729 729 Other assets 412 (360 ) 52 Total assets acquired $ 8,088 $ 407 $ 8,495 Liabilities assumed Deposits $ 81,673 $ 27 $ 81,700 Escrow Payable 2 — 2 Other liabilities 460 (372 ) 88 Total liabilities assumed $ 82,135 $ (345 ) $ 81,790 Excess of assets acquired over liabilities assumed $ (74,047 ) $ 752 $ (73,295 ) Cash received 71,040 Goodwill recognized $ 2,255 The Company accounted for this transaction under the acquisition method of accounting in accordance with ASC 805, The loan portfolio of the BOTO Honolulu Branch was recorded at fair value at the date of acquisition with the assistance of a third two The Company also determined the fair value of the core deposit intangible, premises and equipment and deposits with the assistance of third The core deposit intangible on non-maturing deposits was determined by evaluating the underlying characteristics of the deposit relationships, including customer attrition, deposit interest rates, service charge income, overhead expense and costs of alternative funding. Since the fair value of intangible assets are calculated as if they were stand-alone assets, the presumption is that a hypothetical buyer of the intangible asset would be able to take advantage of potential tax benefits resulting from the asset purchase. The value of the benefit is the present value over the period of the tax benefit, using the discount rate applicable to the asset. In determining the fair value of certificates of deposit, a discounted cash flow analysis was used, which involved present valuing the contractual payments over the remaining life of the certificates of deposit at market-based interest rates. Third-party acquisition related expenses are recognized as incurred and continue until the acquired system is converted and operational functions become fully integrated. The Company incurred third |
Note 4 - Investment Securities
Note 4 - Investment Securities | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | NOTE 4 The following table summarizes the amortized cost and fair value of available for sale (“AFS”) debt securities and HTM debt securities as of September 30, 2023 December 31, 2022, Gross Gross (dollars in thousands) Amortized Unrealized Unrealized Fair September 30, 2023 Cost Gains Losses Value Available for sale Government agency securities $ 8,694 $ — $ (800 ) $ 7,894 SBA agency securities 7,533 — (272 ) 7,261 Mortgage-backed securities: residential 41,501 — (8,064 ) 33,437 Collateralized mortgage obligations: residential 86,343 — (15,144 ) 71,199 Collateralized mortgage obligations: commercial 70,837 1 (3,343 ) 67,495 Commercial paper 129,105 — (32 ) 129,073 Corporate debt securities 34,817 — (5,011 ) 29,806 Municipal securities 12,644 — (4,431 ) 8,213 Total $ 391,474 $ 1 $ (37,097 ) $ 354,378 Held to maturity Municipal taxable securities $ 502 $ — $ (3 ) $ 499 Municipal securities 4,712 — (461 ) 4,251 Total $ 5,214 $ — $ (464 ) $ 4,750 Gross Gross (dollars in thousands) Amortized Unrealized Unrealized Fair December 31, 2022 Cost Gains Losses Value Available for sale Government agency securities $ 5,012 $ — $ (517 ) $ 4,495 SBA agency securities 2,634 — (223 ) 2,411 Mortgage-backed securities: residential 44,809 — (6,752 ) 38,057 Mortgage-backed securities: commercial 4,887 — (16 ) 4,871 Collateralized mortgage obligations: residential 82,759 — (12,856 ) 69,903 Collateralized mortgage obligations: commercial 44,591 — (2,901 ) 41,690 Commercial paper 49,551 2 (16 ) 49,537 Corporate debt securities 41,176 1 (4,165 ) 37,012 Municipal securities 12,669 — (3,815 ) 8,854 Total $ 288,088 $ 3 $ (31,261 ) $ 256,830 Held to maturity Municipal taxable securities $ 1,003 $ 7 $ (3 ) $ 1,007 Municipal securities 4,726 — (170 ) 4,556 Total $ 5,729 $ 7 $ (173 ) $ 5,563 At September 30, 2023, September 30, 2023 December 31, 2022, There were no sales of investment securities during the three nine September 30, 2023 2022, Accrued interest receivable for investment debt securities at September 30, 2023 December 31, 2022 The amortized cost and fair value of the investment securities portfolio at September 30, 2023 December 31, 2022 may Less than One Year More than One Year to Five Years More than Five Years to Ten Years More than Ten Years Total Amortized Amortized Amortized Amortized Amortized (dollars in thousands) Cost Fair Value Cost Fair Value Cost Fair Value Cost Fair Value Cost Fair Value September 30, 2023 Government agency securities $ — $ — $ 8,694 $ 7,894 $ — $ — $ — $ — $ 8,694 $ 7,894 SBA agency securities — — 2,387 2,115 5,146 5,146 — — 7,533 7,261 Mortgage-backed securities: residential — — 11,546 10,028 20,114 16,164 9,841 7,245 41,501 33,437 Collateralized mortgage obligations: residential — — 23,737 22,217 58,783 46,416 3,823 2,566 86,343 71,199 Collateralized mortgage obligations: commercial 3,173 3,163 22,470 20,230 45,194 44,102 — — 70,837 67,495 Commercial paper 129,105 129,073 — — — — — — 129,105 129,073 Corporate debt securities — — 12,919 12,225 19,253 15,822 2,645 1,759 34,817 29,806 Municipal securities — — — — — — 12,644 8,213 12,644 8,213 Total available for sale $ 132,278 $ 132,236 $ 81,753 $ 74,709 $ 148,490 $ 127,650 $ 28,953 $ 19,783 $ 391,474 $ 354,378 Municipal taxable securities $ — $ — $ 502 $ 499 $ — $ — $ — $ — $ 502 $ 499 Municipal securities — — — — 2,338 2,085 2,374 2,166 4,712 4,251 Total held to maturity $ — $ — $ 502 $ 499 $ 2,338 $ 2,085 $ 2,374 $ 2,166 $ 5,214 $ 4,750 (dollars in thousands) December 31, 2022 Government agency securities $ — $ — $ 5,012 $ 4,495 $ — $ — $ — $ — $ 5,012 $ 4,495 SBA agency securities — — 2,634 2,411 — — — — 2,634 2,411 Mortgage-backed securities: residential — — 13,013 11,598 29,114 24,361 2,682 2,098 44,809 38,057 Mortgage-backed securities: commercial — — 4,887 4,871 — — — — 4,887 4,871 Collateralized mortgage obligations: residential — — 20,687 19,646 62,072 50,257 — — 82,759 69,903 Collateralized mortgage obligations: commercial — — 16,382 14,644 28,209 27,046 — — 44,591 41,690 Commercial paper 49,551 49,537 — — — — — — 49,551 49,537 Corporate debt securities 3,705 3,706 11,355 10,806 23,454 20,662 2,662 1,838 41,176 37,012 Municipal securities — — — — — — 12,669 8,854 12,669 8,854 Total available for sale $ 53,256 $ 53,243 $ 73,970 $ 68,471 $ 142,849 $ 122,326 $ 18,013 $ 12,790 $ 288,088 $ 256,830 Municipal taxable securities $ 501 $ 498 $ 502 $ 509 $ — $ — $ — $ — $ 1,003 $ 1,007 Municipal securities — — — — 1,739 1,692 2,987 2,864 4,726 4,556 Total held to maturity $ 501 $ 498 $ 502 $ 509 $ 1,739 $ 1,692 $ 2,987 $ 2,864 $ 5,729 $ 5,563 The following tables show the related fair value and the gross unrealized losses of the Company's investment securities, aggregated by investment category and the length of time that individual securities have been in a continuous unrealized loss position as of September 30, 2023, December 31, 2022: Less than Twelve Months Twelve Months or More Total (dollars in thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses September 30, 2023 Government agency securities $ 4,119 $ (174 ) $ 3,775 $ (626 ) $ 7,894 $ (800 ) SBA securities — — 2,115 (272 ) 2,115 (272 ) Mortgage-backed securities: residential — — 33,437 (8,064 ) 33,437 (8,064 ) Collateralized mortgage obligations: residential 11,956 (310 ) 59,243 (14,834 ) 71,199 (15,144 ) Collateralized mortgage obligations: commercial 23,696 (121 ) 38,800 (3,222 ) 62,496 (3,343 ) Commercial paper 114,185 (32 ) — — 114,185 (32 ) Corporate debt securities — — 29,806 (5,011 ) 29,806 (5,011 ) Municipal securities — — 8,213 (4,431 ) 8,213 (4,431 ) Total available for sale $ 153,956 $ (637 ) $ 175,389 $ (36,460 ) $ 329,345 $ (37,097 ) Municipal taxable securities $ 499 $ (3 ) $ — $ — $ 499 $ (3 ) Municipal securities 1,281 (134 ) 2,970 (327 ) 4,251 (461 ) Total held to maturity $ 1,780 $ (137 ) $ 2,970 $ (327 ) $ 4,750 $ (464 ) Less than Twelve Months Twelve Months or More Total (dollars in thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses December 31, 2022 Government agency securities $ 354 $ (24 ) $ 4,141 $ (493 ) $ 4,495 $ (517 ) SBA securities 2,411 (223 ) — — 2,411 (223 ) Mortgage-backed securities: residential 5,535 (362 ) 32,522 (6,390 ) 38,057 (6,752 ) Mortgage-backed securities: commercial 4,871 (16 ) — — 4,871 (16 ) Collateralized mortgage obligations: residential 27,050 (1,842 ) 39,815 (11,014 ) 66,865 (12,856 ) Collateralized mortgage obligations: commercial 18,741 (790 ) 22,949 (2,111 ) 41,690 (2,901 ) Commercial paper 39,624 (16 ) — — 39,624 (16 ) Corporate debt securities 22,977 (1,843 ) 10,330 (2,322 ) 33,307 (4,165 ) Municipal securities — — 8,854 (3,815 ) 8,854 (3,815 ) Total available for sale $ 121,563 $ (5,116 ) $ 118,611 $ (26,145 ) $ 240,174 $ (31,261 ) Municipal taxable securities $ 498 $ (3 ) $ — $ — $ 498 $ (3 ) Municipal securities 4,556 (170 ) — — 4,556 (170 ) Total held to maturity $ 5,054 $ (173 ) $ — $ — $ 5,054 $ (173 ) The securities that were in an unrealized loss position at September 30, 2023 December 31, 2022, September 30, 2023 December 31, 2022. The Company concluded that the unrealized losses were primarily attributed to yield curve movement, together with widened liquidity spreads and credit spreads. The issuers have not, no not no September 30, 2023 December 31, 2022, no nine September 30, 2023 December 31, 2022. Equity Securities three nine September 30, 2023 September 30, 2022. September 30, 2023 December 31, 2022, |
Note 5 - Loans and Allowance fo
Note 5 - Loans and Allowance for Credit Losses | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | NOTE 5 The Company's loan portfolio consists primarily of loans to borrowers within the Southern California metropolitan area, the New York City metropolitan area, the Chicago, Illinois metropolitan area, Las Vegas, Nevada, Edison, New Jersey and Honolulu, Hawaii. Although the Company seeks to avoid concentrations of loans to a single industry or based upon a single class of collateral, real estate and real estate associated businesses are among the principal industries in the Company's market area and, as a result, the Company's loan and collateral portfolios are, to some degree, concentrated in those industries. The types of loans in the Company's consolidated balance sheets as of September 30, 2023 December 31, 2022 (dollars in thousands) September 30, 2023 December 31, 2022 Loans: (1) Real Estate: Construction and land development $ 259,778 $ 276,876 Commercial real estate (2) 1,164,210 1,312,132 Single-family residential mortgages 1,505,307 1,464,108 Commercial: Commercial and industrial 127,655 201,223 SBA 50,420 61,411 Other: Other loans 13,582 20,699 Total loans (1) $ 3,120,952 $ 3,336,449 Allowance for credit losses (42,430 ) (41,076 ) Total loans, net $ 3,078,522 $ 3,295,373 ( 1 ( 2 1 4 Allowance for Credit Losses The Company accounts for credit losses on loans in accordance with ASC 326, The Company’s DCF methodology incorporates a probability of default, loss given default and exposure at default model, as well as expectations of future economic conditions, using reasonable and supportable forecasts. The use of reasonable and supportable forecasts requires significant judgment, such as selecting unemployment forecast scenarios and related scenario-weighting, as well as determining the appropriate length of the forecast horizon. Management estimates the allowance balance required using past loan loss experience from peers with similar portfolio sizes and geographic locations to the Company, the nature and volume of the portfolio, information about specific borrower situations and estimated collateral values, economic conditions, and other factors. The Company’s CECL methodology utilizes a four four The Company uses both internal and external qualitative factors within the CECL model: lending policies, procedures, and strategies; economic conditions; changes in nature and volume of the portfolio; credit staffing and administration experience; problem loan trends; loan review results; collateral values; concentrations; and regulatory and business environment. During the third 2023, third 2022. The following tables present the balance and activity related to the ACL for held for investment loans by type for the periods presented. For the Three Months Ended September 30, 2023 2022 (dollars in thousands) Real Estate Commercial Other Total Real Estate Commercial Other Total Allowance for credit losses: Beginning balance $ 40,869 $ 1,733 $ 490 $ 43,092 $ 32,105 $ 2,646 $ 1,538 $ 36,289 Provisions 963 809 (228 ) 1,544 2,271 (525 ) 20 1,766 Charge-offs (2,150 ) — (67 ) (2,217 ) — (5 ) (44 ) (49 ) Recoveries — 1 10 11 — 169 7 176 Ending allowance balance $ 39,682 $ 2,543 $ 205 $ 42,430 $ 34,376 $ 2,285 $ 1,521 $ 38,182 For the Nine Months Ended September 30, 2023 2022 (dollars in thousands) Real Estate Commercial Other Total Real Estate Commercial Other Total Allowance for credit losses: Beginning balance $ 37,935 $ 2,425 $ 716 $ 41,076 $ 28,592 $ 3,793 $ 527 $ 32,912 ASU 2016-13 Transition Adjustment — — — — 1,612 (604 ) 1,127 2,135 Adjusted beginning balance $ 37,935 $ 2,425 $ 716 $ 41,076 $ 30,204 $ 3,189 $ 1,654 $ 35,047 Provisions 4,389 178 (270 ) 4,297 4,172 (1,128 ) 4 3,048 Charge-offs (2,642 ) (62 ) (288 ) (2,992 ) — (5 ) (146 ) (151 ) Recoveries — 2 47 49 — 229 9 238 Ending allowance balance $ 39,682 $ 2,543 $ 205 $ 42,430 $ 34,376 $ 2,285 $ 1,521 $ 38,182 The Company categorizes 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 as to credit risk. This analysis typically includes larger, non-homogeneous loans such as commercial real estate and commercial and industrial loans. This analysis is performed on an ongoing basis as new information is obtained. The Company uses the following definitions for risk ratings: Pass not Special Mention may Substandard not Doubtful The following table summarizes the Company's loans held for investment as of September 30, 2023 December 31, 2022 (dollars in thousands) Term Loan by Vintage September 30, 2023 2023 2022 2021 2020 2019 Prior Revolving Revolving Converted to Term During the Period Total Real estate: Construction and land development Pass $ 198,431 $ 34,695 $ 10,659 $ 3,925 $ 195 $ 39 $ — $ — $ 247,944 Special mention — — 11,706 — — — — — 11,706 Substandard — — — — — 128 — — 128 Doubtful — — — — — — — — — Total $ 198,431 $ 34,695 $ 22,365 $ 3,925 $ 195 $ 167 $ — $ — $ 259,778 YTD period charge-offs $ — $ — $ — $ — $ — $ (12 ) $ — $ — $ (12 ) YTD period recoveries — — — — — — — — — Net $ — $ — $ — $ — $ — $ (12 ) $ — $ — $ (12 ) Commercial real estate Pass $ 56,171 $ 428,412 $ 189,451 $ 178,948 $ 97,249 $ 159,579 $ — $ — $ 1,109,810 Special mention — — — — 7,778 4,904 — — 12,682 Substandard 303 9,800 — 11,514 2,303 17,798 — — 41,718 Doubtful — — — — — — — — — Total $ 56,474 $ 438,212 $ 189,451 $ 190,462 $ 107,330 $ 182,281 $ — $ — $ 1,164,210 YTD period charge-offs $ — $ (2,078 ) $ — $ (459 ) $ — $ — $ — $ — $ (2,537 ) YTD period recoveries — — — — — — — — — Net $ — $ (2,078 ) $ — $ (459 ) $ — $ — $ — $ — $ (2,537 ) Single-family residential mortgages Pass $ 147,380 $ 601,539 $ 243,372 $ 127,839 $ 85,342 $ 276,884 $ 1,813 $ — $ 1,484,169 Special mention — — — — — 3,862 — — 3,862 Substandard — 455 — 4,868 545 11,323 85 — 17,276 Doubtful — — — — — — — — — Total $ 147,380 $ 601,994 $ 243,372 $ 132,707 $ 85,887 $ 292,069 $ 1,898 $ — $ 1,505,307 YTD period charge-offs $ — $ — $ — $ (93 ) $ — $ — $ — $ — $ (93 ) YTD period recoveries — — — — — — — — — Net $ — $ — $ — $ (93 ) $ — $ — $ — $ — $ (93 ) Commercial: Commercial and industrial — Pass $ 1,524 $ 3,448 $ 6,582 $ 3,021 $ 2,186 $ 6,943 $ 93,638 $ — $ 117,342 Special mention — — — — — — 2,632 — 2,632 Substandard — 91 — 1,433 10 4,969 1,175 — 7,678 Doubtful — — — — — — 3 — 3 Total $ 1,524 $ 3,539 $ 6,582 $ 4,454 $ 2,196 $ 11,912 $ 97,448 $ — $ 127,655 YTD period charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — YTD period recoveries — — — — — 2 — — 2 Net $ — $ — $ — $ — $ — $ 2 $ — $ — $ 2 SBA Pass $ 2,812 $ 11,066 $ 10,146 $ 3,079 $ 4,607 $ 13,934 $ — $ — $ 45,644 Special mention — — 330 — — — — — 330 Substandard — — — — 85 4,361 — — 4,446 Doubtful — — — — — — — — — Total $ 2,812 $ 11,066 $ 10,476 $ 3,079 $ 4,692 $ 18,295 $ — $ — $ 50,420 YTD period charge-offs $ — $ — $ — $ — $ — $ (62 ) $ — $ — $ (62 ) YTD period recoveries — — — — — — — — — Net $ — $ — $ — $ — $ — $ (62 ) $ — $ — $ (62 ) Other: Pass $ 204 $ 3,002 $ 9,326 $ 839 $ 39 $ — $ 17 $ — $ 13,427 Special mention — — — — — — — — — Substandard — 111 36 8 — — — — 155 Doubtful — — — — — — — — — Total $ 204 $ 3,113 $ 9,362 $ 847 $ 39 $ — $ 17 $ — $ 13,582 YTD period charge-offs $ — $ (79 ) $ (199 ) $ (10 ) $ — $ — $ — $ — $ (288 ) YTD period recoveries — — 46 1 — — — — 47 Net $ — $ (79 ) $ (153 ) $ (9 ) $ — $ — $ — $ — $ (241 ) Total by risk rating: Pass $ 406,522 $ 1,082,162 $ 469,536 $ 317,651 $ 189,618 $ 457,379 $ 95,468 $ — $ 3,018,336 Special mention — — 12,036 — 7,778 8,766 2,632 — 31,212 Substandard 303 10,457 36 17,823 2,943 38,579 1,260 — 71,401 Doubtful — — — — — — 3 — 3 Total loans $ 406,825 $ 1,092,619 $ 481,608 $ 335,474 $ 200,339 $ 504,724 $ 99,363 $ — $ 3,120,952 Net charge-offs $ — $ (2,157 ) $ (153 ) $ (561 ) $ — $ (72 ) $ — $ — $ (2,943 ) (dollars in thousands) Term Loan by Vintage December 31, 2022 2022 2021 2020 2019 2018 Prior Revolving Revolving Converted to Term During the Period Total Real estate: Construction and land development Pass $ 125,216 $ 52,262 $ 99,016 $ 201 $ — $ 40 $ — $ — $ 276,735 Special mention — — — — — — — — — Substandard — — — — — 141 — — 141 Doubtful — — — — — — — — — Total $ 125,216 $ 52,262 $ 99,016 $ 201 $ — $ 181 $ — $ — $ 276,876 YTD period charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — YTD period recoveries — — — — — — — — — Net $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial real estate Pass $ 479,304 $ 293,058 $ 195,051 $ 110,442 $ 73,013 $ 117,068 $ — $ — $ 1,267,936 Special mention — — 9,280 — — — — — 9,280 Substandard 287 — 8,652 2,329 222 23,426 — — 34,916 Doubtful — — — — — — — — — Total $ 479,591 $ 293,058 $ 212,983 $ 112,771 $ 73,235 $ 140,494 $ — $ — $ 1,312,132 YTD period charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — YTD period recoveries — — — — — — — — — Net $ — $ — $ — $ — $ — $ — $ — $ — $ — Single-family residential mortgages Pass $ 637,893 $ 255,529 $ 137,964 $ 96,355 $ 134,415 $ 182,893 $ 2,992 $ — $ 1,448,041 Special mention — — — — 3,925 — — — 3,925 Substandard — — 3,954 — 7,631 452 105 — 12,142 Doubtful — — — — — — — — — Total $ 637,893 $ 255,529 $ 141,918 $ 96,355 $ 145,971 $ 183,345 $ 3,097 $ — $ 1,464,108 YTD period charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — YTD period recoveries — — — — — — — — — Net $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial: Commercial and industrial — Pass $ 8,038 $ 7,513 $ 4,448 $ 3,470 $ 1,016 $ 8,827 $ 129,483 $ 86 $ 162,881 Special mention — 5,987 — — 1,638 17,805 3,577 — 29,007 Substandard — — 1,600 16 — 339 7,380 — 9,335 Doubtful — — — — — — — — — Total $ 8,038 $ 13,500 $ 6,048 $ 3,486 $ 2,654 $ 26,971 $ 140,440 $ 86 $ 201,223 YTD period charge-offs $ — $ — $ — $ (5 ) $ — $ — $ — $ — $ (5 ) YTD period recoveries — — — — — 2 — — 2 Net $ — $ — $ — $ (5 ) $ — $ 2 $ — $ — $ (3 ) SBA Pass $ 14,922 $ 10,664 $ 6,496 $ 4,688 $ 2,579 $ 16,793 $ — $ — $ 56,142 Special mention — — — — — — — — — Substandard — — — 91 1,017 4,161 — — 5,269 Doubtful — — — — — — — — — Total $ 14,922 $ 10,664 $ 6,496 $ 4,779 $ 3,596 $ 20,954 $ — $ — $ 61,411 YTD period charge-offs $ — $ — $ — $ — $ — $ (14 ) $ — $ — $ (14 ) YTD period recoveries — — — — — 227 — — 227 Net $ — $ — $ — $ — $ — $ 213 $ — $ — $ 213 Other: Pass $ 4,224 $ 14,684 $ 1,505 $ 90 $ 7 $ — $ 26 $ — $ 20,536 Special mention — — — — — — — — — Substandard 105 48 10 — — — — — 163 Doubtful — — — — — — — — — Total $ 4,329 $ 14,732 $ 1,515 $ 90 $ 7 $ — $ 26 $ — $ 20,699 YTD period charge-offs $ — $ (237 ) $ — $ — $ — $ — $ — $ — $ (237 ) YTD period recoveries — 27 2 — — — — — 29 Net $ — $ (210 ) $ 2 $ — $ — $ — $ — $ — $ (208 ) Total by risk rating: Pass $ 1,269,597 $ 633,710 $ 444,480 $ 215,246 $ 211,030 $ 325,621 $ 132,501 $ 86 $ 3,232,271 Special mention — 5,987 9,280 — 5,563 17,805 3,577 — 42,212 Substandard 392 48 14,216 2,436 8,870 28,519 7,485 — 61,966 Doubtful — — — — — — — — — Total loans $ 1,269,989 $ 639,745 $ 467,976 $ 217,682 $ 225,463 $ 371,945 $ 143,563 $ 86 $ 3,336,449 Net (charge-offs)/recoveries $ — $ (210 ) $ 2 $ (5 ) $ — $ 215 $ — $ — $ 2 The following tables present the aging of the recorded investment in past due loans at September 30, 2023 December 31, 2022 (dollars in thousands) 30 59 60 89 90 Days Total Loans Not Nonaccrual September 30, 2023 Days Days Or More Past Due Past Due Total Loans Loans (1) Real estate: Construction and land development $ — $ — $ 128 $ 128 $ 259,650 $ 259,778 $ 128 Commercial real estate 16,450 — 9,800 26,250 1,137,960 1,164,210 20,330 Single-family residential mortgages 3,531 3,919 10,829 18,279 1,487,028 1,505,307 16,868 Commercial: Commercial and industrial 244 — 517 761 126,894 127,655 761 SBA 72 129 2,009 2,210 48,210 50,420 2,009 Other: 61 15 23 99 13,483 13,582 50 $ 20,358 $ 4,063 $ 23,306 $ 47,727 $ 3,073,225 $ 3,120,952 $ 40,146 Real estate: Single-family residential mortgages held for sale $ — $ — $ — $ — $ 62 $ 62 $ — ( 1 Included in total loans. (dollars in thousands) 30-59 60-89 90 Days Total Loans Not Nonaccrual December 31, 2022 Days Days Or More Past Past Due Total Loans Real estate: Construction and land development $ — $ — $ 141 $ 141 $ 276,735 $ 276,876 $ 141 Commercial real estate 558 240 1,191 1,989 1,310,143 1,312,132 13,189 Single-family residential mortgages 12,764 2,555 4,100 19,419 1,444,689 1,464,108 5,936 Commercial: Commercial and industrial — 545 7 552 200,671 201,223 713 SBA 150 1,017 1,228 2,395 59,016 61,411 2,245 Other: 154 76 99 329 20,370 20,699 99 $ 13,626 $ 4,433 $ 6,766 $ 24,825 $ 3,311,624 $ 3,336,449 $ 22,323 ( 1 Included in total loans. The Company has no loans that are 90 September 30, 2023 December 31, 2022. The following table presents the loans on nonaccrual status as of September 30, 2023 December 31, 2022: Nonaccrual With No (dollars in thousands) Allowance September 30, 2023 for Credit Loss Nonaccrual Real estate: Construction and land development $ 128 $ 128 Commercial real estate 20,330 20,330 Single-family residential mortgages 16,868 16,868 Commercial: Commercial and industrial 517 761 SBA 861 2,009 Other: 27 50 Total $ 38,731 $ 40,146 Nonaccrual With No (dollars in thousands) Allowance December 31, 2022 for Credit Loss Nonaccrual Real estate: Construction and land development $ 141 $ 141 Commercial real estate 1,191 13,189 Single-family residential mortgages 5,936 5,936 Commercial: Commercial and industrial 713 713 SBA 2,245 2,245 Other: 51 99 Total $ 10,277 $ 22,323 No interest income on nonaccrual loans was recognized on a cash basis for the three nine September 30, 2023 2022. Occasionally, the Company modifies loans to borrowers in financial distress by providing principal forgiveness, term extension, or interest rate reduction. The Company may one There were no loans that were both experiencing financial difficulty and modified during the three nine September 30, 2023 December 31, 2022. There were no September 30, 2023 December 31, 2022 twelve |
Note 6 - Loan Servicing
Note 6 - Loan Servicing | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Loan Servicing [Text Block] | NOTE 6 Mortgage and SBA loans serviced for others are not September 30, 2023 December 31, 2022 September 30, December 31, (dollars in thousands) 2023 2022 Loans serviced for others: Mortgage loans $ 1,041,352 $ 1,127,668 SBA loans 102,605 119,893 Commercial real estate loans 3,933 3,991 Construction loans 4,388 3,677 Under the prepayment rate assumption of 7.59% and 7.71%, mortgage par rate of 7.28% and 6.48% and the actual weighted average interest rate of servicing portfolio at 4.23% and 4.14%, at September 30, 2023 December 31, 2022, September 30, 2023 December 31, 2022, September 30, 2023 December 31, 2022, Servicing fees net of servicing asset amortization totaled $623,000 and $724,000 for the three September 30, 2023 2022, nine September 30, 2023 2022, When mortgage and SBA loans are sold with servicing retained, servicing rights are initially recorded at fair value with the income statement effect recorded in gains on sales of loans. Fair value is based on a valuation model that calculates the present value of estimated future net servicing income. All classes of servicing assets are subsequently measured using the amortization method which requires servicing rights to be amortized into noninterest income in proportion to, and over the period of, the estimated future net servicing income of the underlying loans. Servicing rights are evaluated for impairment based upon the fair value of the rights as compared to carrying amount. Impairment is recognized through a valuation allowance for an individual grouping, to the extent that fair value is less than the carrying amount. If the Company later determines that all or a portion of the impairment no may Servicing fee income is recorded for fees earned for servicing loans. The fees are based on a contractual percentage of the outstanding principal. The amortization of mortgage servicing rights is netted against loan servicing fee income. Three Months Ended September 30, 2023 September 30, 2022 Mortgage SBA Mortgage SBA (dollars in thousands) Loans Loans Loans Loans Servicing assets: Beginning of period $ 6,856 $ 1,846 $ 7,966 $ 2,490 Additions 112 46 49 46 Disposals (82 ) (103 ) (151 ) (28 ) Amortized to expense (171 ) (65 ) (229 ) (89 ) End of period $ 6,715 $ 1,724 $ 7,635 $ 2,419 Nine Months Ended September 30, 2023 September 30, 2022 Mortgage SBA Mortgage SBA (dollars in thousands) Loans Loans Loans Loans Servicing assets: Beginning of period $ 7,354 $ 2,167 $ 8,748 $ 2,769 Additions 139 47 497 230 Disposals (255 ) (274 ) (715 ) (299 ) Amortized to expense (523 ) (216 ) (895 ) (281 ) End of period $ 6,715 $ 1,724 $ 7,635 $ 2,419 |
Note 7 - Goodwill and Intangibl
Note 7 - Goodwill and Intangibles | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Goodwill and Intangible Assets Disclosure [Text Block] | NOTE 7 Goodwill is generally determined as the excess of the fair value of the consideration transferred, plus the fair value of any non-controlling interests in the acquiree, over the fair value of the net assets acquired and liabilities assumed as of the acquisition date. Goodwill resulting from whole bank and branch acquisitions are tested for impairment at least annually. Goodwill amounted to $71.5 million at both September 30, 2023 December 31, 2022, The bank failures in the first 2023 September 30, 2023. not September 30, 2023. Other intangible assets consist of core deposit intangible ("CDI") assets arising from whole bank and branch acquisitions. CDI assets are amortized on an accelerated method over their estimated useful life of 8 to 10 years. The unamortized balance at September 30, 2023 December 31, 2022 three September 30, 2023 2022, nine September 30, 2023 2022, Estimated CDI amortization expense for future years is as follows: (dollars in thousands) As of September 30, 2023: Remainder of 2023 $ 215 2024 784 2025 672 2026 501 2027 417 Thereafter 421 Total $ 3,010 |
Note 8 - Deposits
Note 8 - Deposits | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Deposit Liabilities Disclosures [Text Block] | NOTE 8 At September 30, 2023, (dollars in thousands) $250,000 and under Greater than $250,000 Total One year $ 1,229,527 $ 733,866 $ 1,963,393 Two to three years 7,537 1,662 9,199 Over three years 767 300 1,067 Total $ 1,237,831 $ 735,828 $ 1,973,659 Brokered time deposits were $320.7 million and $255.0 million at September 30, 2023 December 31, 2022, |
Note 9 - Long-term Debt
Note 9 - Long-term Debt | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Long-Term Debt [Text Block] | NOTE 9 In November 2018, December 1, 2028 ( “2028 December 1, 2023 three 26 2028 December 1, 2023. 2028 2 1 December 1, 2023, 2028 December 1, 2023. In March 2021, April 1, 2031 “2031 April 1, 2026 three 2031 April 1, 2026. 2031 2 At September 30, 2023 December 31, 2022, September 30, 2023 December 31, 2022 (dollars in thousands) Principal Unamortized debt issuance costs Principal Unamortized debt issuance costs 2028 Subordinated Notes (1) $ 55,000 $ 33 $ 55,000 $ 180 2031 Subordinated Notes 120,000 948 120,000 1,235 Total $ 175,000 $ 981 $ 175,000 $ 1,415 ( 1 2028 December 1, 2023. The following table presents interest and amortization expense the Company incurred for the three nine September 30, 2023 2022: For the Three Months Ended September 30, For the Nine Months Ended September 30, (dollars in thousands) 2023 2022 2023 2022 Interest Expense: Interest $ 2,050 $ 2,050 $ 6,149 $ 6,149 Amortization 145 145 434 434 |
Note 10 - Subordinated Debentur
Note 10 - Subordinated Debentures | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Subordinated Borrowings Disclosure [Text Block] | NOTE 10 The Company, through the acquisition of Tomato Bank and its holding company, TFC Holding Company (“TFC”) in 2016, not not may March 15, 2012, March 15, 2037. not five may three September 30, 2023 three December 31, 2022. In October 2018, December 2004. thirty not five three December 15, 2034. September 30, 2023 December 31, 2022. In January 2020, December 2004. not five three December 15, 2034. September 30, 2023 December 31, 2022. The Company paid interest expense of $330,000 and $178,000 for three September 30, 2023 2022, nine September 30, 2023 2022, three September 30, 2023 2022, nine September 30, 2023 2022. For regulatory reporting purposes, the Federal Reserve has indicated that the capital or trust preferred securities qualify as Tier 1 not $15 no may |
Note 11 - Borrowing Arrangement
Note 11 - Borrowing Arrangements | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | NOTE 11 The Company has established secured and unsecured lines of credit. The Company may Federal Funds Arrangements with Commercial Banks. September 30, 2023, may Letter of Credit Arrangements. September 30, 2023, FRB Secured Line of Credit. September 30, 2023 FHLB Secured Line of Credit and Advances. September 30, 2023 September 30, 2023, five three September 30, 2023 2022, nine September 30, 2023 2022, September 30, 2023 December 31, 2022. May 3, 2023, August 31, 2023. |
Note 12 - Income Taxes
Note 12 - Income Taxes | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | NOTE 12 The asset and liability method is used in accounting for income taxes. Under this method, deferred tax assets and liabilities are determined based on differences between financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. During the three September 30, 2023 2022, three September 30, 2023 2022, nine September 30, 2023 2022, nine September 30, 2023 2022, zero three September 30, 2023 2022, nine September 30, 2023 2022, |
Note 13 - Commitments
Note 13 - Commitments | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Commitments Disclosure [Text Block] | NOTE 13 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, unused lines of credit, commercial and similar letters of credit and standby letters of credit. Those instruments involve to varying degrees, elements of credit and interest rate risk not The Company's exposure to loss in the event of nonperformance on these financial commitments is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments as it does for loans reflected in the financial statements. At September 30, 2023 December 31, 2022, September 30, December 31, (dollars in thousands) 2023 2022 Commitments to make loans $ 85,170 $ 129,821 Unused lines of credit 106,670 211,044 Commercial and similar letters of credit 3,852 2,021 Standby letters of credit 2,687 2,638 Total $ 198,379 $ 345,524 Commitments to extend credit are agreements to lend to a customer as long as there is no not The Company records a liability for lifetime expected losses on off-balance-sheet credit exposure that do not 326. September 30, 2023 December 31, 2022, three September 30, 2023 2022, nine September 30, 2023 2022. The Company is involved in various matters of litigation which have arisen in the ordinary course of business and accruals for estimates of potential losses have been provided when necessary and appropriate under GAAP. In the opinion of management, the disposition of such pending litigation will not |
Note 14 - Leases
Note 14 - Leases | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Lessee, Operating Leases [Text Block] | NOTE 14 The Company adopted ASU 2016 02, 842 not not not The Company determines if a contract arrangement is a lease at inception and primarily enters into operating lease contracts for its branch locations, office space, and certain equipment. As part of its property lease agreements, the Company may not not September 30, 2023. The ROU assets and lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date. The Company uses FHLB advance rates to determine the present value of its lease liabilities. The Company leases several of its operating facilities under various non-cancellable operating leases expiring at various dates through 2037. Future minimum rent payments on the Company’s leases were as follows at September 30, 2023: (dollars in thousands) As of September 30, 2023: 2023 remaining $ 956 2024 4,884 2025 4,762 2026 4,884 2027 4,816 Thereafter 14,564 Total $ 34,866 Less amount of payment representing interest (3,601 ) Total present value of lease payments $ 31,265 The minimum rent payments shown above are given for the existing lease obligation and are not three September 30, 2023 2022, nine September 30, 2023 2022, three September 30, 2023 2022, nine September 30, 2023 2022, The following table presents the operating lease related assets and liabilities recorded on the Company's consolidated balance sheet, and the weighted-average remaining lease terms and discount rates as of September 30, 2023 December 31, 2022 : September 30, December 31, (dollars in thousands) 2023 2022 Operating Leases ROU assets $ 29,949 $ 25,447 Lease liabilities 31,265 26,523 Weighted-average remaining lease term (in years) 7.91 7.91 Weighted-average discount rate 2.95 % 2.19 % |
Note 15 - Related Party Transac
Note 15 - Related Party Transactions | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | NOTE 15 Loans to principal officers, directors, and their affiliates were as follows: For the nine months ended For the year ended September 30, December 31, (dollars in thousands) 2023 2022 Beginning balance $ 6,869 $ 8,441 Repayments — (1,572 ) Balance re-categorized to non-related party (6,869 ) — Ending balance $ — $ 6,869 Outstanding loan commitments to executive officers, directors and their related interests with whom they are associated were none and $1.6 million at September 30, 2023 December 31, 2022, Deposits from principal officers, directors, and their affiliates at September 30, 2023 December 31, 2022 Certain directors and their affiliates own $6.0 million of RBB's subordinated debentures as of September 30, 2023. |
Note 16 - Stock-based Compensat
Note 16 - Stock-based Compensation | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Share-Based Payment Arrangement [Text Block] | NOTE 16 RBB Bancorp 2010 Under the RBB Bancorp 2010 “2010 2010 2010 2017 May 2017, no 2010 2010 2010 2010 2010 Amended and Restated RBB Bancorp 2017 The Amended and Restated RBB Bancorp 2017 January 2019. May 2022, September 30, 2023, September 30, 2023. The recorded compensation expense for stock options was $59,000 and $72,000 and the Company recognized income tax benefit of zero and $276,000 for the three September 30, 2023 2022, nine September 30, 2023 2022, September 30, 2023 2022, September 30, 2023. The fair value of each option grants was estimated on the date of grant using the Black-Scholes option pricing model with the following weighted-average assumptions presented below for 2023 2022. March 2023 December 2022 May 2022 Expected volatility 28.4 % 28.9 % 29.5 % Expected term (years) 8.0 8.0 6.0 Expected dividends 2.92 % 2.55 % 2.52 % Risk free rate 4.27 % 4.00 % 2.71 % Grant date fair value $ 5.49 $ 6.16 $ 5.28 The expected volatility is based on the historical volatility of the Company's stock trading history. The expected term is based on historical data and represents the estimated average period of time that the options remain outstanding. The risk free rate of return reflects the grant date interest rate offered for zero A summary of the status of option awards pursuant to the Company's stock option plans as of September 30, 2023 nine September 30, 2023 Weighted- Weighted- Average Average Remaining Aggregate Exercise Contractual Intrinsic (dollars in thousands, except for shares and per share data) Shares Price Term in years Value Outstanding at beginning of year 454,610 $ 16.97 Granted 30,000 19.87 Exercised (9,153 ) 17.38 Forfeited/cancelled (37,304 ) 11.15 Outstanding at end of period 438,153 $ 17.66 4.39 $ — Options exercisable 336,482 $ 17.06 3.11 $ — As of December 31, 2022, nine September 30, 2023, nine September 30, 2023, no The total fair value of the 50,334 shares and 62,495 shares vested during the nine September 30, 2023 2022, September 30, 2023 2022, No stock options were exercised during three September 30, 2023 three September 30, 2022. three September 30, 2022. nine September 30, 2023, nine September 30, 2022, nine September 30, 2023 2022, The Company granted 32,248 restricted stock units at a closing price of $20.46 on January 18, 2023 one three September 30, 2023, The recorded compensation expense for restricted stock units was $84,000 and $202,000 for the three September 30, 2023 2022, nine September 30, 2023 2022, September 30, 2023 2022, September 30, 2023, The following table presents restricted stock unit activity during the nine September 30, 2023. Weighted-Average Grant Date Shares Fair Value Outstanding at beginning of year 14,786 $ 27.16 Granted 32,248 20.46 Vested (20,374 ) 23.35 Forfeited/cancelled — — Outstanding at end of period 26,660 $ 21.97 |
Note 17 - Regulatory Matters
Note 17 - Regulatory Matters | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Regulatory Capital Requirements under Banking Regulations [Text Block] | NOTE 17 Holding companies (with assets over $3 billion at the beginning of the year) and banks are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory - and possibly additional discretionary - actions by regulators that, if undertaken, could have a direct material effect on the Company’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the Bank's assets, liabilities, and certain off-balance-sheet items as calculated under regulatory accounting practices. Capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios (set forth in the table below) of total, Tier 1 CET1 1 not September 30, 2023 December 31, 2022, In February 2019, three one 2016 13. March 2020, two five 19 five January 1, 2022, 2016 13, December 31, 2022, not three five As previously disclosed in the Company's Current Report on Form 8 October 31, 2023, October 25, 2023, not As defined in applicable regulations and set forth in the tables below, RBB and the Bank continue to exceed the regulatory capital minimum requirements and the Bank continues to exceed the "well capitalized" standards at the dates indicated: Amount of Capital Required To Be Well-Capitalized Minimum Required for Under Prompt Corrective Actual Capital Adequacy Purposes Provisions (dollars in thousands) Amount Ratio Amount Ratio (1) Amount Ratio As of September 30, 2023: Tier 1 Leverage Ratio Consolidated $ 469,453 11.68 % $ 160,744 4.0 % $ 200,930 5.0 % Bank 561,797 13.99 % 160,666 4.0 % 200,833 5.0 % Common Equity Tier 1 Risk-Based Capital Ratio Consolidated $ 454,569 17.65 % $ 115,916 4.5 % $ 167,434 6.5 % Bank 561,797 21.83 % 115,791 4.5 % 167,254 6.5 % Tier 1 Risk-Based Capital Ratio Consolidated $ 469,453 18.22 % $ 154,554 6.0 % $ 206,072 8.0 % Bank 561,797 21.83 % 154,389 6.0 % 205,851 8.0 % Total Risk-Based Capital Ratio Consolidated $ 675,805 26.24 % $ 206,072 8.0 % $ 257,590 10.0 % Bank 594,096 23.09 % 205,851 8.0 % 257,314 10.0 % ( 1 Amount of Capital Required To Be Well-Capitalized Minimum Required for Under Prompt Corrective Actual Capital Adequacy Purposes Provisions (dollars in thousands) Amount Ratio Amount Ratio (1) Amount Ratio As of December 31, 2022: Tier 1 Leverage Ratio Consolidated $ 446,776 11.67 % $ 153,116 4.0 % $ 191,395 5.0 % Bank 569,071 14.89 % 152,900 4.0 % 191,124 5.0 % Common Equity Tier 1 Risk Based Capital Ratio Consolidated $ 432,056 16.03 % $ 121,291 4.5 % $ 175,199 6.5 % Bank 569,071 21.14 % 121,110 4.5 % 174,937 6.5 % Tier 1 Risk-Based Capital Ratio Consolidated $ 446,776 16.58 % $ 161,722 6.0 % $ 215,629 8.0 % Bank 569,071 21.14 % 161,481 6.0 % 215,307 8.0 % Total Risk-Based Capital Ratio Consolidated $ 654,159 24.27 % $ 215,629 8.0 % $ 269,537 10.0 % Bank 602,819 22.40 % 215,307 8.0 % 269,134 10.0 % ( 1 The California Financial Code generally acts to prohibit banks from making 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 The California General Corporation Law generally acts to prohibit companies from paying dividends on common stock unless retained earnings, immediately prior to the dividend payment, equals or exceeds the amount of the dividend. If a company fails this test, then it may Additionally, the Federal Reserve has issued guidance which requires that they be consulted before payment of a dividend if a financial holding company does not four |
Note 18 - Fair Value Measuremen
Note 18 - Fair Value Measurements and Fair Value of Financial Instruments | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | NOTE 18 In accordance with accounting guidance, the Company groups its financial assets and financial liabilities measured at fair value in three 1 3 three Level 1 Level 2 1 not Level 3 one not may The following is a description of valuation methodologies used for assets and liabilities recorded at fair value: Securities: 1 2 Other Real Estate Owned third 3 Appraisals for OREO are performed by state licensed appraisers (for commercial properties) or state certified appraisers (for residential properties) whose qualifications and licenses have been reviewed and verified by the Company. When a Notice of Default is recorded, an appraisal report is ordered. Once received, a member of the credit administration department reviews the assumptions and approaches utilized in the appraisal as well as the overall resulting fair value in comparison to independent data sources such as recent market data or industry-wide statistics for residential appraisals. Commercial appraisals are sent to an independent third twelve No Interest Rate Lock Contracts and Forward Mortgage Loan Sale Contracts: 3 Collateral-dependent individually evaluated loans first nine 2023. no December 31, 2022. The following table provides the hierarchy and fair value for each major category of assets and liabilities measured at fair value at September 30, 2023 December 31, 2022: (dollars in thousands) Fair Value Measurements Using: September 30, 2023 Level 1 Level 2 Level 3 Total Assets measured at fair value: On a recurring basis: Securities available for sale Government agency securities $ — $ 7,894 $ — $ 7,894 SBA agency securities — 7,261 — 7,261 Mortgage-backed securities — 33,437 — 33,437 Collateralized mortgage obligations — 138,694 — 138,694 Commercial paper — 129,073 — 129,073 Corporate debt securities — 29,806 — 29,806 Municipal securities — 8,213 — 8,213 Interest Rate Lock Contracts — — 9 9 Forward Mortgage Loan Sale Contracts — — 16 16 $ — $ 354,378 $ 25 $ 354,403 On a non-recurring basis: Other real estate owned $ — $ — $ 284 $ 284 December 31, 2022 Level 1 Level 2 Level 3 Total Assets measured at fair value: On a recurring basis: Securities available for sale Government agency securities $ — $ 4,495 $ — $ 4,495 SBA agency securities — 2,411 — 2,411 Mortgage-backed securities — 42,928 — 42,928 Collateralized mortgage obligations — 111,593 — 111,593 Commercial paper — 49,537 — 49,537 Corporate debt securities — 37,012 — 37,012 Municipal securities — 8,854 — 8,854 Forward Mortgage Loan Sale Contracts — — 18 18 $ — $ 256,830 $ 18 $ 256,848 On a non-recurring basis: Other real estate owned $ — $ — $ 577 $ 577 No write-downs to OREO were recorded for the nine September 30, 2023 December 31, 2022. Quantitative information about the Company's OREO non-recurring Level 3 September 30, 2023 December 31, 2022 OREO consisted of one September 30, 2023 two December 31, 2022. September 1, 2023, third Interest Rate Lock Commitments ("IRLCs"): Agreements under which the Company agrees to extend credit to a borrower under certain specified terms and conditions in which the interest rate and the maximum amount of the loan are set prior to funding. Under the agreement, the Company commits to lend funds to a potential borrower (subject to the Company’s approval of the loan) on a fixed or adjustable rate basis, regardless of whether interest rates change in the market, or on a floating rate basis. As such, outstanding IRLCs are subject to interest rate risk and related price risk during the period from the date of issuance through the date of loan funding, cancelling or expiration. Loan commitments generally range between 30 90 not not The FASB ASC provides that IRLCs on mortgage loans that will be held for resale are derivatives and must be accounted for at fair value on the balance sheet (if material). FASB ASC Topic 820 Forward Mortgage Loan Sale Contracts ("FMLSCs"): The Company is subject to interest rate and price risk on its mortgage loans held for sale (“HFS”) from the loan funding date until the date the loan is sold. Best efforts commitments which fix the forward sales price that will be realized in the secondary market are used to eliminate the interest rate and price risk to the Company. To avoid interest rate risk, the Company will enter into FMLSCs at the time they make an interest rate lock commitment to the buyer. They can enter into mortgage loan sales commitments on a “mandatory” or “best efforts” basis. Mandatory commitments provide that the loan must be delivered or the commitment be “paired off.” In general, best efforts commitments provide that the loan be delivered if and when it closes. Quantitative information about the Company's recurring Level 3 September 30, 2023 December 31, 2022 At December 31, 2022, December 31, 2022 first three 2023. 2023. September 30, 2023. The fair value measurements of IRLCs and FMLSCs were primarily based on the buy price from borrowers ranging from 99 to 100, the sale price to Fannie Mae ranging from 99 to 102, and the significant unobservable inputs using margin cost rate of ranging from 0.50% to 0.50%. Forward commitments, also known as forward loan sales commitments, are considered to be derivatives under FASB ASC Topic 815 ● They have a specified underlying (the contractually specified price for the loans) ● They have a notional amount (the committed loan principal amount) ● They require little or no ● They require or permit net settlement as the institution via a pair-off transaction or the payment of a pair-off fee. 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 one no Fair value estimates are based on financial instruments both on and off the balance sheet without attempting to estimate the value of anticipated future business and the value of assets and liabilities that are not not Because no A financial instrument’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. Management maximizes the use of observable inputs and attempts to minimize the use of unobservable inputs when determining fair value measurements. Estimated fair values are disclosed for financial instruments for which it is practicable to estimate fair value. These estimates are made at a specific point in time based on relevant market data and information about the financial instruments. These estimates do not one not The Company uses the following methods and assumptions to estimate the fair value of each class of financial instruments: For cash and due from banks, Federal funds sold, and cash equivalents, the carrying amount is assumed to be a reasonable estimate of fair value, a Level 1 For short-term investments and interest-bearing deposits, the carrying amount is assumed to be a reasonable estimate of fair value, a Level 1 Securities available for sale and held-to-maturity are measured by using quoted market prices for similar securities or dealer quotes, a Level 2 Equity securities fair value are measured based on unobservable inputs at the reporting date, a Level 3 Fair values are estimated for portfolios of loans with similar financial characteristics. Each loan category is further segmented into fixed and adjustable rate interest terms and by performing and non-performing categories. The fair values are based primarily on third The fair value of performing loans is calculated by discounting scheduled cash flows through the estimated maturity using estimated market discount rates that reflect the credit and interest rate risk inherent in the loan, a Level 3 The fair value of impaired loans is calculated based on the net realizable fair value of the collateral or the observable market price of the most recent sale or quoted price from HFS loans. The Company does not 3 The Company records HFS loans at fair value based on quoted prices from third 2 Mortgage and SBA servicing rights are calculated by discounting scheduled cash flows through the estimated maturity using estimated market discount rates that reflect the credit and interest rate risk inherent in the loan, a Level 3 The fair value of demand deposits, savings accounts, and certain money market deposits is assumed to be the amount payable on demand at the reporting date. The fair value of fixed-maturity certificates of deposit is estimated using the rates currently offered for deposits with similar remaining maturities, a Level 2 The fair value of commitments to extend credit and standby letters of credit, interest rate lock commitments and forward mortgage loan sales contracts is estimated using the fees currently charged to enter into similar agreements. Unobservable inputs that reflect the Company's own assumptions about the assumptions that market participants would use in pricing an asset or liability result in a Level 3 The fair value of FHLB advances is calculated by discounting scheduled cash flows through the estimated maturity using estimated market discount rates that reflect the credit and interest rate risk, a Level 3 Subordinated debentures fair value is calculated by discounting scheduled cash flows through the estimated maturity using estimated market discount rates that reflect the credit and interest rate risk, a Level 3 The fair value of long-term debt is calculated by discounting scheduled cash flows through the estimated maturity using estimated market discount rates that reflect the credit and interest rate risk, a Level 3 Fair value is estimated in accordance with ASC Topic 825. not one no The fair value hierarchy level and estimated fair value of significant financial instruments at September 30, 2023 December 31, 2022 September 30, 2023 December 31, 2022 Fair Value Carrying Fair Carrying Fair (dollars in thousands) Hierarchy Value Value Value Value Financial Assets: Cash and due from banks Level 1 $ 330,791 $ 330,791 $ 83,548 $ 83,548 Interest-earning deposits in other financial institutions Level 1 600 600 600 600 Investment securities - AFS Level 2 354,378 354,378 256,830 256,830 Investment securities - HTM Level 2 5,214 4,750 5,729 5,563 Mortgage loans held for sale Level 1 62 57 — — Loans, net Level 3 3,078,522 3,023,903 3,295,373 3,251,464 Equity securities Level 3 22,235 22,235 22,238 22,238 Servicing assets Level 3 8,439 19,486 9,521 21,712 Accrued Interest Receivable Level 1/2/3 14,008 14,008 14,536 14,536 Carrying Fair Carrying Fair Derivative assets: Value Value Value Value Interest Rate Lock Contracts Level 3 $ 9 $ 9 $ — $ — Forward Mortgage Loan Sale Contracts Level 3 16 16 18 18 Carrying Fair Carrying Fair Financial Liabilities: Value Value Value Value Deposits Level 2 $ 3,154,072 $ 3,120,299 $ 2,977,683 $ 2,960,529 FHLB advances Level 3 150,000 142,576 220,000 210,470 Long-term debt Level 3 174,019 130,154 173,585 132,709 Subordinated debentures Level 3 14,884 14,561 14,720 14,195 Accrued Interest Payable Level 2/3 11,333 11,333 3,711 3,711 |
Note 19 - Earnings Per Share
Note 19 - Earnings Per Share | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | NOTE 19 The following is a reconciliation of net income and shares outstanding to the income and number of shares used to compute earnings per share (“EPS”): For the Three Months Ended September 30, 2023 2022 (dollars in thousands except shares and per share data) Income Shares Income Shares Net income $ 8,473 $ 16,652 Shares outstanding 18,995,303 19,011,672 Impact of weighting shares — (23,229 ) Used in basic EPS 8,473 18,995,303 16,652 18,988,443 Dilutive effect of outstanding Stock options 2,001 125,684 Restricted Stock Unit — 16,320 Used in dilutive EPS $ 8,473 18,997,304 $ 16,652 19,130,447 Basic earnings per common share $ 0.45 $ 0.88 Diluted earnings per common share $ 0.45 $ 0.87 For the Nine Months Ended September 30, 2023 2022 (dollars in thousands except shares and per share data) Income Shares Income Shares Net income $ 30,392 $ 46,746 Less: Earnings allocated to participating securities — (34 ) Shares outstanding 18,995,303 19,011,672 Impact of weighting shares (3,724 ) 131,060 Used in basic EPS 30,392 18,991,579 46,712 19,142,732 Dilutive effect of outstanding Stock options 17,633 249,115 Restricted Stock Units 4,626 23,711 Used in dilutive EPS $ 30,392 19,013,838 $ 46,712 19,415,558 Basic earnings per common share $ 1.60 $ 2.44 Diluted earnings per common share $ 1.60 $ 2.41 Stock options for 362,500 shares and restricted stock units for 26,660 shares were not September 30, 2023, not September 30, 2022, |
Note 20 - Revenue From Contract
Note 20 - Revenue From Contracts With Customers | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Revenue from Contract with Customer [Text Block] | NOTE 20 REVENUE FROM CONTRACTS WITH CUSTOMERS The following is a summary of revenue from contracts with customers that are in-scope and not 606: For the Three Months Ended September 30, For the Nine Months Ended September 30, (dollars in thousands) 2023 2022 2023 2022 Noninterest income, in scope Fees and service charges on deposit accounts $ 500 $ 508 $ 1,534 $ 1,582 Other fees (1) 202 157 682 474 Other income (2) 558 549 1,667 1,622 Gain on sale of OREO and fixed assets 222 — 222 757 Total in-scope noninterest income 1,482 1,214 4,105 4,435 Noninterest income, not in scope (3) 1,288 1,321 3,520 4,464 Total noninterest income $ 2,770 $ 2,535 $ 7,625 $ 8,899 ( 1 Other fees consists of wealth management fees, miscellaneous loan fees, and postage/courier fees. ( 2 Other income consists of safe deposit box rental income, wire transfer fees, security brokerage fees, annuity sales, insurance activity and OREO income. ( 3 The amounts primarily represent revenue from contracts with customers that are out of scope of ASC 606: The major revenue streams by fee type that are within the scope of ASC 606 Fees and Services Charges on Deposit Accounts Fees and service charges on deposit accounts include charges for analysis, overdraft, cash checking, ATM, and safe deposit activities executed by our deposit clients, as well as interchange income earned through card payment networks for the acceptance of card based transactions. Fees earned from our deposit clients are governed by contracts that provide for overall custody and access to deposited funds and other related services, and can be terminated at will by either party; this includes fees from money service businesses. Fees received from deposit clients for the various deposit activities are recognized as revenue once the performance obligations are met. Wealth Management Fees The Company employs financial consultants to provide investment planning services for customers including wealth management services, asset allocation strategies, portfolio analysis and monitoring, investment strategies, and risk management strategies. The fees the Company earns are variable and are generally received monthly. The Company recognizes revenue for the services performed at quarter-end based on actual transaction details received from the broker dealer the Company engages. In the Company’s wealth management division, revenue is primarily generated from ( 1 2 3 4 |
Note 21 - Qualified Affordable
Note 21 - Qualified Affordable Housing Project Investments | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Affordable Housing Program [Text Block] | NOTE 21 The Company began investing in qualified housing projects in 2016. September 30, 2023 December 31, 2022, September 30, 2023 December 31, 2022. 2023 2038. For the three September 30, 2023 2022, nine September 30, 2023 2022, |
Note 22 - Subsequent Events
Note 22 - Subsequent Events | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | NOTE 22 On October 19, 2023 , third 2023. November 10, 2023 October 30, 2023 . As previously disclosed in the Company's Current Report on Form 8 October 31, 2023, October 25, 2023, not Pursuant to the terms of the Consent Order, and within certain timeframes, the Bank is required to make certain enhancements and take certain actions with respect to its AML/CFT compliance program, including (i) enhancing personnel with oversight responsibilities with respect to the Bank’s AML/CFT compliance program, (ii) enhancing existing AML/CFT policies and practices, internal controls, customer due diligence, and training programs, and (iii) establishing an independent testing program to analyze and assess the Bank’s BSA Department. The Consent Order also requires the Bank to correct certain alleged violations of the BSA program, including internal controls, staffing and the timing of the filing of one not |
Insider Trading Arrangements
Insider Trading Arrangements | 3 Months Ended | 9 Months Ended |
Sep. 30, 2023 | Sep. 30, 2023 | |
Insider Trading Arr Line Items | ||
Material Terms of Trading Arrangement [Text Block] | 5. OTHER INFORMATION Rule 10b5 1 During the quarter ended September 30, 2023, no 10b5 1 10b5 1 17 229.408 | |
Rule 10b5-1 Arrangement Adopted [Flag] | false | |
Rule 10b5-1 Arrangement Terminated [Flag] | false | |
Non-Rule 10b5-1 Arrangement Terminated [Flag] | false | |
Non-Rule 10b5-1 Arrangement Adopted [Flag] | false |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 9 Months Ended |
Sep. 30, 2023 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | Basis of Presentation The accompanying unaudited consolidated financial statements and notes thereto of the Company have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”) for Form 10 three nine September 30, 2023 not December 31, 2022, 10 December 31, 2022 No. 1 10 “2022 |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates in the Preparation of Financial Statements The preparation of 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 financial statements and the reported amounts of revenues and expenses during the reporting period. It is reasonably possible that these estimates could change as actual results could differ from those estimates. |
New Accounting Pronouncements, Policy [Policy Text Block] | Recent Accounting Pronouncements Recently adopted In June 2016, 2016 13, 326 not 1 2 not 2016 13 December 31, 2022, January 1, 2022 December 31, 2022. one 2016 13 January 1, 2022. The following table sets forth the cumulative effect of the changes to the Company's consolidated balance sheet at January 1, 2022, 2016 13: Adjustments due to Balance at Adoption of Balance at (dollars in thousands) December 31, 2021 ASC 326 January 1, 2022 Assets: Allowance for credit losses on loans $ 32,912 $ 2,135 $ 35,047 Deferred tax assets 4,855 977 5,832 Liabilities: Allowance for unfunded commitments $ 1,203 $ 1,045 $ 2,248 Shareholders' equity: Retained earnings, net of tax $ 181,329 $ (2,204 ) $ 179,125 In February 2019, three one 2016 13. March 2020, two five 2019 19" five January 1, 2022, 2016 13, December 31, 2022, not three five In February 2020, 2020 02, 326 842 No. 119 No. 2016 02, 842 January 1, 2022. In October 2021 , 2021 08 , not December 15, 2022. 2021 08 January 1, 2023 not In March 2022, 2022 02, 326 1 2 3 December 15, 2022, may 2022 02 January 1, 2023 not In March 2020, 2020 04, 848 not December 31, 2022. December 31, 2022. December 2022, 2022 06, 848 848,” 848 December 31, 2022 December 31, 2024, no 848. June 30, 2023. July 3, 2023. No 9 10 10 Recently issued not In June 2022, 2022 03, 820 not not 2022 03 2022 03 January 1, 2024. 2022 03 not In March 2023, 2023 02, 323 2023 02 December 15, 2023, 2023 02 not |
Note 2 - Basis of Presentatio_2
Note 2 - Basis of Presentation and Summary of Significant Accounting Policies (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Accounting Standards Update and Change in Accounting Principle [Table Text Block] | Adjustments due to Balance at Adoption of Balance at (dollars in thousands) December 31, 2021 ASC 326 January 1, 2022 Assets: Allowance for credit losses on loans $ 32,912 $ 2,135 $ 35,047 Deferred tax assets 4,855 977 5,832 Liabilities: Allowance for unfunded commitments $ 1,203 $ 1,045 $ 2,248 Shareholders' equity: Retained earnings, net of tax $ 181,329 $ (2,204 ) $ 179,125 |
Note 3 - Acquisitions (Tables)
Note 3 - Acquisitions (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
PGB Holdings Inc. [Member] | |
Notes Tables | |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | Fair Value Fair (dollars in thousands) Book Value Adjustments Value Assets acquired Cash and cash equivalents $ 312 $ — $ 312 Loans, gross 7,352 38 7,390 Bank premises and equipment 12 — 12 Core deposit intangible — 729 729 Other assets 412 (360 ) 52 Total assets acquired $ 8,088 $ 407 $ 8,495 Liabilities assumed Deposits $ 81,673 $ 27 $ 81,700 Escrow Payable 2 — 2 Other liabilities 460 (372 ) 88 Total liabilities assumed $ 82,135 $ (345 ) $ 81,790 Excess of assets acquired over liabilities assumed $ (74,047 ) $ 752 $ (73,295 ) Cash received 71,040 Goodwill recognized $ 2,255 |
Note 4 - Investment Securities
Note 4 - Investment Securities (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Schedule of Available for Sale Securities, and Held to Maturity [Table Text Block] | Gross Gross (dollars in thousands) Amortized Unrealized Unrealized Fair September 30, 2023 Cost Gains Losses Value Available for sale Government agency securities $ 8,694 $ — $ (800 ) $ 7,894 SBA agency securities 7,533 — (272 ) 7,261 Mortgage-backed securities: residential 41,501 — (8,064 ) 33,437 Collateralized mortgage obligations: residential 86,343 — (15,144 ) 71,199 Collateralized mortgage obligations: commercial 70,837 1 (3,343 ) 67,495 Commercial paper 129,105 — (32 ) 129,073 Corporate debt securities 34,817 — (5,011 ) 29,806 Municipal securities 12,644 — (4,431 ) 8,213 Total $ 391,474 $ 1 $ (37,097 ) $ 354,378 Held to maturity Municipal taxable securities $ 502 $ — $ (3 ) $ 499 Municipal securities 4,712 — (461 ) 4,251 Total $ 5,214 $ — $ (464 ) $ 4,750 Gross Gross (dollars in thousands) Amortized Unrealized Unrealized Fair December 31, 2022 Cost Gains Losses Value Available for sale Government agency securities $ 5,012 $ — $ (517 ) $ 4,495 SBA agency securities 2,634 — (223 ) 2,411 Mortgage-backed securities: residential 44,809 — (6,752 ) 38,057 Mortgage-backed securities: commercial 4,887 — (16 ) 4,871 Collateralized mortgage obligations: residential 82,759 — (12,856 ) 69,903 Collateralized mortgage obligations: commercial 44,591 — (2,901 ) 41,690 Commercial paper 49,551 2 (16 ) 49,537 Corporate debt securities 41,176 1 (4,165 ) 37,012 Municipal securities 12,669 — (3,815 ) 8,854 Total $ 288,088 $ 3 $ (31,261 ) $ 256,830 Held to maturity Municipal taxable securities $ 1,003 $ 7 $ (3 ) $ 1,007 Municipal securities 4,726 — (170 ) 4,556 Total $ 5,729 $ 7 $ (173 ) $ 5,563 |
Investments Classified by Contractual Maturity Date [Table Text Block] | Less than One Year More than One Year to Five Years More than Five Years to Ten Years More than Ten Years Total Amortized Amortized Amortized Amortized Amortized (dollars in thousands) Cost Fair Value Cost Fair Value Cost Fair Value Cost Fair Value Cost Fair Value September 30, 2023 Government agency securities $ — $ — $ 8,694 $ 7,894 $ — $ — $ — $ — $ 8,694 $ 7,894 SBA agency securities — — 2,387 2,115 5,146 5,146 — — 7,533 7,261 Mortgage-backed securities: residential — — 11,546 10,028 20,114 16,164 9,841 7,245 41,501 33,437 Collateralized mortgage obligations: residential — — 23,737 22,217 58,783 46,416 3,823 2,566 86,343 71,199 Collateralized mortgage obligations: commercial 3,173 3,163 22,470 20,230 45,194 44,102 — — 70,837 67,495 Commercial paper 129,105 129,073 — — — — — — 129,105 129,073 Corporate debt securities — — 12,919 12,225 19,253 15,822 2,645 1,759 34,817 29,806 Municipal securities — — — — — — 12,644 8,213 12,644 8,213 Total available for sale $ 132,278 $ 132,236 $ 81,753 $ 74,709 $ 148,490 $ 127,650 $ 28,953 $ 19,783 $ 391,474 $ 354,378 Municipal taxable securities $ — $ — $ 502 $ 499 $ — $ — $ — $ — $ 502 $ 499 Municipal securities — — — — 2,338 2,085 2,374 2,166 4,712 4,251 Total held to maturity $ — $ — $ 502 $ 499 $ 2,338 $ 2,085 $ 2,374 $ 2,166 $ 5,214 $ 4,750 (dollars in thousands) December 31, 2022 Government agency securities $ — $ — $ 5,012 $ 4,495 $ — $ — $ — $ — $ 5,012 $ 4,495 SBA agency securities — — 2,634 2,411 — — — — 2,634 2,411 Mortgage-backed securities: residential — — 13,013 11,598 29,114 24,361 2,682 2,098 44,809 38,057 Mortgage-backed securities: commercial — — 4,887 4,871 — — — — 4,887 4,871 Collateralized mortgage obligations: residential — — 20,687 19,646 62,072 50,257 — — 82,759 69,903 Collateralized mortgage obligations: commercial — — 16,382 14,644 28,209 27,046 — — 44,591 41,690 Commercial paper 49,551 49,537 — — — — — — 49,551 49,537 Corporate debt securities 3,705 3,706 11,355 10,806 23,454 20,662 2,662 1,838 41,176 37,012 Municipal securities — — — — — — 12,669 8,854 12,669 8,854 Total available for sale $ 53,256 $ 53,243 $ 73,970 $ 68,471 $ 142,849 $ 122,326 $ 18,013 $ 12,790 $ 288,088 $ 256,830 Municipal taxable securities $ 501 $ 498 $ 502 $ 509 $ — $ — $ — $ — $ 1,003 $ 1,007 Municipal securities — — — — 1,739 1,692 2,987 2,864 4,726 4,556 Total held to maturity $ 501 $ 498 $ 502 $ 509 $ 1,739 $ 1,692 $ 2,987 $ 2,864 $ 5,729 $ 5,563 |
Schedule of Unrealized Loss on Investments [Table Text Block] | Less than Twelve Months Twelve Months or More Total (dollars in thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses September 30, 2023 Government agency securities $ 4,119 $ (174 ) $ 3,775 $ (626 ) $ 7,894 $ (800 ) SBA securities — — 2,115 (272 ) 2,115 (272 ) Mortgage-backed securities: residential — — 33,437 (8,064 ) 33,437 (8,064 ) Collateralized mortgage obligations: residential 11,956 (310 ) 59,243 (14,834 ) 71,199 (15,144 ) Collateralized mortgage obligations: commercial 23,696 (121 ) 38,800 (3,222 ) 62,496 (3,343 ) Commercial paper 114,185 (32 ) — — 114,185 (32 ) Corporate debt securities — — 29,806 (5,011 ) 29,806 (5,011 ) Municipal securities — — 8,213 (4,431 ) 8,213 (4,431 ) Total available for sale $ 153,956 $ (637 ) $ 175,389 $ (36,460 ) $ 329,345 $ (37,097 ) Municipal taxable securities $ 499 $ (3 ) $ — $ — $ 499 $ (3 ) Municipal securities 1,281 (134 ) 2,970 (327 ) 4,251 (461 ) Total held to maturity $ 1,780 $ (137 ) $ 2,970 $ (327 ) $ 4,750 $ (464 ) Less than Twelve Months Twelve Months or More Total (dollars in thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses December 31, 2022 Government agency securities $ 354 $ (24 ) $ 4,141 $ (493 ) $ 4,495 $ (517 ) SBA securities 2,411 (223 ) — — 2,411 (223 ) Mortgage-backed securities: residential 5,535 (362 ) 32,522 (6,390 ) 38,057 (6,752 ) Mortgage-backed securities: commercial 4,871 (16 ) — — 4,871 (16 ) Collateralized mortgage obligations: residential 27,050 (1,842 ) 39,815 (11,014 ) 66,865 (12,856 ) Collateralized mortgage obligations: commercial 18,741 (790 ) 22,949 (2,111 ) 41,690 (2,901 ) Commercial paper 39,624 (16 ) — — 39,624 (16 ) Corporate debt securities 22,977 (1,843 ) 10,330 (2,322 ) 33,307 (4,165 ) Municipal securities — — 8,854 (3,815 ) 8,854 (3,815 ) Total available for sale $ 121,563 $ (5,116 ) $ 118,611 $ (26,145 ) $ 240,174 $ (31,261 ) Municipal taxable securities $ 498 $ (3 ) $ — $ — $ 498 $ (3 ) Municipal securities 4,556 (170 ) — — 4,556 (170 ) Total held to maturity $ 5,054 $ (173 ) $ — $ — $ 5,054 $ (173 ) |
Note 5 - Loans and Allowance _2
Note 5 - Loans and Allowance for Credit Losses (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | (dollars in thousands) September 30, 2023 December 31, 2022 Loans: (1) Real Estate: Construction and land development $ 259,778 $ 276,876 Commercial real estate (2) 1,164,210 1,312,132 Single-family residential mortgages 1,505,307 1,464,108 Commercial: Commercial and industrial 127,655 201,223 SBA 50,420 61,411 Other: Other loans 13,582 20,699 Total loans (1) $ 3,120,952 $ 3,336,449 Allowance for credit losses (42,430 ) (41,076 ) Total loans, net $ 3,078,522 $ 3,295,373 |
Financing Receivable, Allowance for Credit Loss [Table Text Block] | For the Three Months Ended September 30, 2023 2022 (dollars in thousands) Real Estate Commercial Other Total Real Estate Commercial Other Total Allowance for credit losses: Beginning balance $ 40,869 $ 1,733 $ 490 $ 43,092 $ 32,105 $ 2,646 $ 1,538 $ 36,289 Provisions 963 809 (228 ) 1,544 2,271 (525 ) 20 1,766 Charge-offs (2,150 ) — (67 ) (2,217 ) — (5 ) (44 ) (49 ) Recoveries — 1 10 11 — 169 7 176 Ending allowance balance $ 39,682 $ 2,543 $ 205 $ 42,430 $ 34,376 $ 2,285 $ 1,521 $ 38,182 For the Nine Months Ended September 30, 2023 2022 (dollars in thousands) Real Estate Commercial Other Total Real Estate Commercial Other Total Allowance for credit losses: Beginning balance $ 37,935 $ 2,425 $ 716 $ 41,076 $ 28,592 $ 3,793 $ 527 $ 32,912 ASU 2016-13 Transition Adjustment — — — — 1,612 (604 ) 1,127 2,135 Adjusted beginning balance $ 37,935 $ 2,425 $ 716 $ 41,076 $ 30,204 $ 3,189 $ 1,654 $ 35,047 Provisions 4,389 178 (270 ) 4,297 4,172 (1,128 ) 4 3,048 Charge-offs (2,642 ) (62 ) (288 ) (2,992 ) — (5 ) (146 ) (151 ) Recoveries — 2 47 49 — 229 9 238 Ending allowance balance $ 39,682 $ 2,543 $ 205 $ 42,430 $ 34,376 $ 2,285 $ 1,521 $ 38,182 |
Financing Receivable Credit Quality Indicators [Table Text Block] | (dollars in thousands) Term Loan by Vintage September 30, 2023 2023 2022 2021 2020 2019 Prior Revolving Revolving Converted to Term During the Period Total Real estate: Construction and land development Pass $ 198,431 $ 34,695 $ 10,659 $ 3,925 $ 195 $ 39 $ — $ — $ 247,944 Special mention — — 11,706 — — — — — 11,706 Substandard — — — — — 128 — — 128 Doubtful — — — — — — — — — Total $ 198,431 $ 34,695 $ 22,365 $ 3,925 $ 195 $ 167 $ — $ — $ 259,778 YTD period charge-offs $ — $ — $ — $ — $ — $ (12 ) $ — $ — $ (12 ) YTD period recoveries — — — — — — — — — Net $ — $ — $ — $ — $ — $ (12 ) $ — $ — $ (12 ) Commercial real estate Pass $ 56,171 $ 428,412 $ 189,451 $ 178,948 $ 97,249 $ 159,579 $ — $ — $ 1,109,810 Special mention — — — — 7,778 4,904 — — 12,682 Substandard 303 9,800 — 11,514 2,303 17,798 — — 41,718 Doubtful — — — — — — — — — Total $ 56,474 $ 438,212 $ 189,451 $ 190,462 $ 107,330 $ 182,281 $ — $ — $ 1,164,210 YTD period charge-offs $ — $ (2,078 ) $ — $ (459 ) $ — $ — $ — $ — $ (2,537 ) YTD period recoveries — — — — — — — — — Net $ — $ (2,078 ) $ — $ (459 ) $ — $ — $ — $ — $ (2,537 ) Single-family residential mortgages Pass $ 147,380 $ 601,539 $ 243,372 $ 127,839 $ 85,342 $ 276,884 $ 1,813 $ — $ 1,484,169 Special mention — — — — — 3,862 — — 3,862 Substandard — 455 — 4,868 545 11,323 85 — 17,276 Doubtful — — — — — — — — — Total $ 147,380 $ 601,994 $ 243,372 $ 132,707 $ 85,887 $ 292,069 $ 1,898 $ — $ 1,505,307 YTD period charge-offs $ — $ — $ — $ (93 ) $ — $ — $ — $ — $ (93 ) YTD period recoveries — — — — — — — — — Net $ — $ — $ — $ (93 ) $ — $ — $ — $ — $ (93 ) Commercial: Commercial and industrial — Pass $ 1,524 $ 3,448 $ 6,582 $ 3,021 $ 2,186 $ 6,943 $ 93,638 $ — $ 117,342 Special mention — — — — — — 2,632 — 2,632 Substandard — 91 — 1,433 10 4,969 1,175 — 7,678 Doubtful — — — — — — 3 — 3 Total $ 1,524 $ 3,539 $ 6,582 $ 4,454 $ 2,196 $ 11,912 $ 97,448 $ — $ 127,655 YTD period charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — YTD period recoveries — — — — — 2 — — 2 Net $ — $ — $ — $ — $ — $ 2 $ — $ — $ 2 SBA Pass $ 2,812 $ 11,066 $ 10,146 $ 3,079 $ 4,607 $ 13,934 $ — $ — $ 45,644 Special mention — — 330 — — — — — 330 Substandard — — — — 85 4,361 — — 4,446 Doubtful — — — — — — — — — Total $ 2,812 $ 11,066 $ 10,476 $ 3,079 $ 4,692 $ 18,295 $ — $ — $ 50,420 YTD period charge-offs $ — $ — $ — $ — $ — $ (62 ) $ — $ — $ (62 ) YTD period recoveries — — — — — — — — — Net $ — $ — $ — $ — $ — $ (62 ) $ — $ — $ (62 ) Other: Pass $ 204 $ 3,002 $ 9,326 $ 839 $ 39 $ — $ 17 $ — $ 13,427 Special mention — — — — — — — — — Substandard — 111 36 8 — — — — 155 Doubtful — — — — — — — — — Total $ 204 $ 3,113 $ 9,362 $ 847 $ 39 $ — $ 17 $ — $ 13,582 YTD period charge-offs $ — $ (79 ) $ (199 ) $ (10 ) $ — $ — $ — $ — $ (288 ) YTD period recoveries — — 46 1 — — — — 47 Net $ — $ (79 ) $ (153 ) $ (9 ) $ — $ — $ — $ — $ (241 ) Total by risk rating: Pass $ 406,522 $ 1,082,162 $ 469,536 $ 317,651 $ 189,618 $ 457,379 $ 95,468 $ — $ 3,018,336 Special mention — — 12,036 — 7,778 8,766 2,632 — 31,212 Substandard 303 10,457 36 17,823 2,943 38,579 1,260 — 71,401 Doubtful — — — — — — 3 — 3 Total loans $ 406,825 $ 1,092,619 $ 481,608 $ 335,474 $ 200,339 $ 504,724 $ 99,363 $ — $ 3,120,952 Net charge-offs $ — $ (2,157 ) $ (153 ) $ (561 ) $ — $ (72 ) $ — $ — $ (2,943 ) (dollars in thousands) Term Loan by Vintage December 31, 2022 2022 2021 2020 2019 2018 Prior Revolving Revolving Converted to Term During the Period Total Real estate: Construction and land development Pass $ 125,216 $ 52,262 $ 99,016 $ 201 $ — $ 40 $ — $ — $ 276,735 Special mention — — — — — — — — — Substandard — — — — — 141 — — 141 Doubtful — — — — — — — — — Total $ 125,216 $ 52,262 $ 99,016 $ 201 $ — $ 181 $ — $ — $ 276,876 YTD period charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — YTD period recoveries — — — — — — — — — Net $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial real estate Pass $ 479,304 $ 293,058 $ 195,051 $ 110,442 $ 73,013 $ 117,068 $ — $ — $ 1,267,936 Special mention — — 9,280 — — — — — 9,280 Substandard 287 — 8,652 2,329 222 23,426 — — 34,916 Doubtful — — — — — — — — — Total $ 479,591 $ 293,058 $ 212,983 $ 112,771 $ 73,235 $ 140,494 $ — $ — $ 1,312,132 YTD period charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — YTD period recoveries — — — — — — — — — Net $ — $ — $ — $ — $ — $ — $ — $ — $ — Single-family residential mortgages Pass $ 637,893 $ 255,529 $ 137,964 $ 96,355 $ 134,415 $ 182,893 $ 2,992 $ — $ 1,448,041 Special mention — — — — 3,925 — — — 3,925 Substandard — — 3,954 — 7,631 452 105 — 12,142 Doubtful — — — — — — — — — Total $ 637,893 $ 255,529 $ 141,918 $ 96,355 $ 145,971 $ 183,345 $ 3,097 $ — $ 1,464,108 YTD period charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — YTD period recoveries — — — — — — — — — Net $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial: Commercial and industrial — Pass $ 8,038 $ 7,513 $ 4,448 $ 3,470 $ 1,016 $ 8,827 $ 129,483 $ 86 $ 162,881 Special mention — 5,987 — — 1,638 17,805 3,577 — 29,007 Substandard — — 1,600 16 — 339 7,380 — 9,335 Doubtful — — — — — — — — — Total $ 8,038 $ 13,500 $ 6,048 $ 3,486 $ 2,654 $ 26,971 $ 140,440 $ 86 $ 201,223 YTD period charge-offs $ — $ — $ — $ (5 ) $ — $ — $ — $ — $ (5 ) YTD period recoveries — — — — — 2 — — 2 Net $ — $ — $ — $ (5 ) $ — $ 2 $ — $ — $ (3 ) SBA Pass $ 14,922 $ 10,664 $ 6,496 $ 4,688 $ 2,579 $ 16,793 $ — $ — $ 56,142 Special mention — — — — — — — — — Substandard — — — 91 1,017 4,161 — — 5,269 Doubtful — — — — — — — — — Total $ 14,922 $ 10,664 $ 6,496 $ 4,779 $ 3,596 $ 20,954 $ — $ — $ 61,411 YTD period charge-offs $ — $ — $ — $ — $ — $ (14 ) $ — $ — $ (14 ) YTD period recoveries — — — — — 227 — — 227 Net $ — $ — $ — $ — $ — $ 213 $ — $ — $ 213 Other: Pass $ 4,224 $ 14,684 $ 1,505 $ 90 $ 7 $ — $ 26 $ — $ 20,536 Special mention — — — — — — — — — Substandard 105 48 10 — — — — — 163 Doubtful — — — — — — — — — Total $ 4,329 $ 14,732 $ 1,515 $ 90 $ 7 $ — $ 26 $ — $ 20,699 YTD period charge-offs $ — $ (237 ) $ — $ — $ — $ — $ — $ — $ (237 ) YTD period recoveries — 27 2 — — — — — 29 Net $ — $ (210 ) $ 2 $ — $ — $ — $ — $ — $ (208 ) Total by risk rating: Pass $ 1,269,597 $ 633,710 $ 444,480 $ 215,246 $ 211,030 $ 325,621 $ 132,501 $ 86 $ 3,232,271 Special mention — 5,987 9,280 — 5,563 17,805 3,577 — 42,212 Substandard 392 48 14,216 2,436 8,870 28,519 7,485 — 61,966 Doubtful — — — — — — — — — Total loans $ 1,269,989 $ 639,745 $ 467,976 $ 217,682 $ 225,463 $ 371,945 $ 143,563 $ 86 $ 3,336,449 Net (charge-offs)/recoveries $ — $ (210 ) $ 2 $ (5 ) $ — $ 215 $ — $ — $ 2 |
Financing Receivable, Past Due [Table Text Block] | (dollars in thousands) 30 59 60 89 90 Days Total Loans Not Nonaccrual September 30, 2023 Days Days Or More Past Due Past Due Total Loans Loans (1) Real estate: Construction and land development $ — $ — $ 128 $ 128 $ 259,650 $ 259,778 $ 128 Commercial real estate 16,450 — 9,800 26,250 1,137,960 1,164,210 20,330 Single-family residential mortgages 3,531 3,919 10,829 18,279 1,487,028 1,505,307 16,868 Commercial: Commercial and industrial 244 — 517 761 126,894 127,655 761 SBA 72 129 2,009 2,210 48,210 50,420 2,009 Other: 61 15 23 99 13,483 13,582 50 $ 20,358 $ 4,063 $ 23,306 $ 47,727 $ 3,073,225 $ 3,120,952 $ 40,146 Real estate: Single-family residential mortgages held for sale $ — $ — $ — $ — $ 62 $ 62 $ — (dollars in thousands) 30-59 60-89 90 Days Total Loans Not Nonaccrual December 31, 2022 Days Days Or More Past Past Due Total Loans Real estate: Construction and land development $ — $ — $ 141 $ 141 $ 276,735 $ 276,876 $ 141 Commercial real estate 558 240 1,191 1,989 1,310,143 1,312,132 13,189 Single-family residential mortgages 12,764 2,555 4,100 19,419 1,444,689 1,464,108 5,936 Commercial: Commercial and industrial — 545 7 552 200,671 201,223 713 SBA 150 1,017 1,228 2,395 59,016 61,411 2,245 Other: 154 76 99 329 20,370 20,699 99 $ 13,626 $ 4,433 $ 6,766 $ 24,825 $ 3,311,624 $ 3,336,449 $ 22,323 |
Financing Receivable, Nonaccrual [Table Text Block] | Nonaccrual With No (dollars in thousands) Allowance September 30, 2023 for Credit Loss Nonaccrual Real estate: Construction and land development $ 128 $ 128 Commercial real estate 20,330 20,330 Single-family residential mortgages 16,868 16,868 Commercial: Commercial and industrial 517 761 SBA 861 2,009 Other: 27 50 Total $ 38,731 $ 40,146 Nonaccrual With No (dollars in thousands) Allowance December 31, 2022 for Credit Loss Nonaccrual Real estate: Construction and land development $ 141 $ 141 Commercial real estate 1,191 13,189 Single-family residential mortgages 5,936 5,936 Commercial: Commercial and industrial 713 713 SBA 2,245 2,245 Other: 51 99 Total $ 10,277 $ 22,323 |
Note 6 - Loan Servicing (Tables
Note 6 - Loan Servicing (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Mortgage And Small Business Administration Loans Serviced For Others [Table Text Block] | September 30, December 31, (dollars in thousands) 2023 2022 Loans serviced for others: Mortgage loans $ 1,041,352 $ 1,127,668 SBA loans 102,605 119,893 Commercial real estate loans 3,933 3,991 Construction loans 4,388 3,677 |
Servicing Asset at Amortized Cost [Table Text Block] | Three Months Ended September 30, 2023 September 30, 2022 Mortgage SBA Mortgage SBA (dollars in thousands) Loans Loans Loans Loans Servicing assets: Beginning of period $ 6,856 $ 1,846 $ 7,966 $ 2,490 Additions 112 46 49 46 Disposals (82 ) (103 ) (151 ) (28 ) Amortized to expense (171 ) (65 ) (229 ) (89 ) End of period $ 6,715 $ 1,724 $ 7,635 $ 2,419 Nine Months Ended September 30, 2023 September 30, 2022 Mortgage SBA Mortgage SBA (dollars in thousands) Loans Loans Loans Loans Servicing assets: Beginning of period $ 7,354 $ 2,167 $ 8,748 $ 2,769 Additions 139 47 497 230 Disposals (255 ) (274 ) (715 ) (299 ) Amortized to expense (523 ) (216 ) (895 ) (281 ) End of period $ 6,715 $ 1,724 $ 7,635 $ 2,419 |
Note 7 - Goodwill and Intangi_2
Note 7 - Goodwill and Intangibles (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | (dollars in thousands) As of September 30, 2023: Remainder of 2023 $ 215 2024 784 2025 672 2026 501 2027 417 Thereafter 421 Total $ 3,010 |
Note 8 - Deposits (Tables)
Note 8 - Deposits (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Time Deposit Maturities [Table Text Block] | (dollars in thousands) $250,000 and under Greater than $250,000 Total One year $ 1,229,527 $ 733,866 $ 1,963,393 Two to three years 7,537 1,662 9,199 Over three years 767 300 1,067 Total $ 1,237,831 $ 735,828 $ 1,973,659 |
Note 9 - Long-term Debt (Tables
Note 9 - Long-term Debt (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Schedule of Long-Term Debt Instruments [Table Text Block] | September 30, 2023 December 31, 2022 (dollars in thousands) Principal Unamortized debt issuance costs Principal Unamortized debt issuance costs 2028 Subordinated Notes (1) $ 55,000 $ 33 $ 55,000 $ 180 2031 Subordinated Notes 120,000 948 120,000 1,235 Total $ 175,000 $ 981 $ 175,000 $ 1,415 |
Schedule of Interest and Amortizations Expense [Table Text Block] | For the Three Months Ended September 30, For the Nine Months Ended September 30, (dollars in thousands) 2023 2022 2023 2022 Interest Expense: Interest $ 2,050 $ 2,050 $ 6,149 $ 6,149 Amortization 145 145 434 434 |
Note 13 - Commitments (Tables)
Note 13 - Commitments (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Schedule of Fair Value, off-Balance-Sheet Risks [Table Text Block] | September 30, December 31, (dollars in thousands) 2023 2022 Commitments to make loans $ 85,170 $ 129,821 Unused lines of credit 106,670 211,044 Commercial and similar letters of credit 3,852 2,021 Standby letters of credit 2,687 2,638 Total $ 198,379 $ 345,524 |
Note 14 - Leases (Tables)
Note 14 - Leases (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block] | (dollars in thousands) As of September 30, 2023: 2023 remaining $ 956 2024 4,884 2025 4,762 2026 4,884 2027 4,816 Thereafter 14,564 Total $ 34,866 Less amount of payment representing interest (3,601 ) Total present value of lease payments $ 31,265 |
Lease, Cost [Table Text Block] | September 30, December 31, (dollars in thousands) 2023 2022 Operating Leases ROU assets $ 29,949 $ 25,447 Lease liabilities 31,265 26,523 Weighted-average remaining lease term (in years) 7.91 7.91 Weighted-average discount rate 2.95 % 2.19 % |
Note 15 - Related Party Trans_2
Note 15 - Related Party Transactions (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Schedule of Related Party Transactions [Table Text Block] | For the nine months ended For the year ended September 30, December 31, (dollars in thousands) 2023 2022 Beginning balance $ 6,869 $ 8,441 Repayments — (1,572 ) Balance re-categorized to non-related party (6,869 ) — Ending balance $ — $ 6,869 |
Note 16 - Stock-based Compens_2
Note 16 - Stock-based Compensation (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | March 2023 December 2022 May 2022 Expected volatility 28.4 % 28.9 % 29.5 % Expected term (years) 8.0 8.0 6.0 Expected dividends 2.92 % 2.55 % 2.52 % Risk free rate 4.27 % 4.00 % 2.71 % Grant date fair value $ 5.49 $ 6.16 $ 5.28 |
Share-Based Payment Arrangement, Option and Stock Appreciation Rights, Activity [Table Text Block] | Weighted- Weighted- Average Average Remaining Aggregate Exercise Contractual Intrinsic (dollars in thousands, except for shares and per share data) Shares Price Term in years Value Outstanding at beginning of year 454,610 $ 16.97 Granted 30,000 19.87 Exercised (9,153 ) 17.38 Forfeited/cancelled (37,304 ) 11.15 Outstanding at end of period 438,153 $ 17.66 4.39 $ — Options exercisable 336,482 $ 17.06 3.11 $ — |
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block] | Weighted-Average Grant Date Shares Fair Value Outstanding at beginning of year 14,786 $ 27.16 Granted 32,248 20.46 Vested (20,374 ) 23.35 Forfeited/cancelled — — Outstanding at end of period 26,660 $ 21.97 |
Note 17 - Regulatory Matters (T
Note 17 - Regulatory Matters (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block] | Amount of Capital Required To Be Well-Capitalized Minimum Required for Under Prompt Corrective Actual Capital Adequacy Purposes Provisions (dollars in thousands) Amount Ratio Amount Ratio (1) Amount Ratio As of September 30, 2023: Tier 1 Leverage Ratio Consolidated $ 469,453 11.68 % $ 160,744 4.0 % $ 200,930 5.0 % Bank 561,797 13.99 % 160,666 4.0 % 200,833 5.0 % Common Equity Tier 1 Risk-Based Capital Ratio Consolidated $ 454,569 17.65 % $ 115,916 4.5 % $ 167,434 6.5 % Bank 561,797 21.83 % 115,791 4.5 % 167,254 6.5 % Tier 1 Risk-Based Capital Ratio Consolidated $ 469,453 18.22 % $ 154,554 6.0 % $ 206,072 8.0 % Bank 561,797 21.83 % 154,389 6.0 % 205,851 8.0 % Total Risk-Based Capital Ratio Consolidated $ 675,805 26.24 % $ 206,072 8.0 % $ 257,590 10.0 % Bank 594,096 23.09 % 205,851 8.0 % 257,314 10.0 % Amount of Capital Required To Be Well-Capitalized Minimum Required for Under Prompt Corrective Actual Capital Adequacy Purposes Provisions (dollars in thousands) Amount Ratio Amount Ratio (1) Amount Ratio As of December 31, 2022: Tier 1 Leverage Ratio Consolidated $ 446,776 11.67 % $ 153,116 4.0 % $ 191,395 5.0 % Bank 569,071 14.89 % 152,900 4.0 % 191,124 5.0 % Common Equity Tier 1 Risk Based Capital Ratio Consolidated $ 432,056 16.03 % $ 121,291 4.5 % $ 175,199 6.5 % Bank 569,071 21.14 % 121,110 4.5 % 174,937 6.5 % Tier 1 Risk-Based Capital Ratio Consolidated $ 446,776 16.58 % $ 161,722 6.0 % $ 215,629 8.0 % Bank 569,071 21.14 % 161,481 6.0 % 215,307 8.0 % Total Risk-Based Capital Ratio Consolidated $ 654,159 24.27 % $ 215,629 8.0 % $ 269,537 10.0 % Bank 602,819 22.40 % 215,307 8.0 % 269,134 10.0 % |
Note 18 - Fair Value Measurem_2
Note 18 - Fair Value Measurements and Fair Value of Financial Instruments (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block] | (dollars in thousands) Fair Value Measurements Using: September 30, 2023 Level 1 Level 2 Level 3 Total Assets measured at fair value: On a recurring basis: Securities available for sale Government agency securities $ — $ 7,894 $ — $ 7,894 SBA agency securities — 7,261 — 7,261 Mortgage-backed securities — 33,437 — 33,437 Collateralized mortgage obligations — 138,694 — 138,694 Commercial paper — 129,073 — 129,073 Corporate debt securities — 29,806 — 29,806 Municipal securities — 8,213 — 8,213 Interest Rate Lock Contracts — — 9 9 Forward Mortgage Loan Sale Contracts — — 16 16 $ — $ 354,378 $ 25 $ 354,403 On a non-recurring basis: Other real estate owned $ — $ — $ 284 $ 284 December 31, 2022 Level 1 Level 2 Level 3 Total Assets measured at fair value: On a recurring basis: Securities available for sale Government agency securities $ — $ 4,495 $ — $ 4,495 SBA agency securities — 2,411 — 2,411 Mortgage-backed securities — 42,928 — 42,928 Collateralized mortgage obligations — 111,593 — 111,593 Commercial paper — 49,537 — 49,537 Corporate debt securities — 37,012 — 37,012 Municipal securities — 8,854 — 8,854 Forward Mortgage Loan Sale Contracts — — 18 18 $ — $ 256,830 $ 18 $ 256,848 On a non-recurring basis: Other real estate owned $ — $ — $ 577 $ 577 |
Fair Value, by Balance Sheet Grouping [Table Text Block] | September 30, 2023 December 31, 2022 Fair Value Carrying Fair Carrying Fair (dollars in thousands) Hierarchy Value Value Value Value Financial Assets: Cash and due from banks Level 1 $ 330,791 $ 330,791 $ 83,548 $ 83,548 Interest-earning deposits in other financial institutions Level 1 600 600 600 600 Investment securities - AFS Level 2 354,378 354,378 256,830 256,830 Investment securities - HTM Level 2 5,214 4,750 5,729 5,563 Mortgage loans held for sale Level 1 62 57 — — Loans, net Level 3 3,078,522 3,023,903 3,295,373 3,251,464 Equity securities Level 3 22,235 22,235 22,238 22,238 Servicing assets Level 3 8,439 19,486 9,521 21,712 Accrued Interest Receivable Level 1/2/3 14,008 14,008 14,536 14,536 Carrying Fair Carrying Fair Derivative assets: Value Value Value Value Interest Rate Lock Contracts Level 3 $ 9 $ 9 $ — $ — Forward Mortgage Loan Sale Contracts Level 3 16 16 18 18 Carrying Fair Carrying Fair Financial Liabilities: Value Value Value Value Deposits Level 2 $ 3,154,072 $ 3,120,299 $ 2,977,683 $ 2,960,529 FHLB advances Level 3 150,000 142,576 220,000 210,470 Long-term debt Level 3 174,019 130,154 173,585 132,709 Subordinated debentures Level 3 14,884 14,561 14,720 14,195 Accrued Interest Payable Level 2/3 11,333 11,333 3,711 3,711 |
Note 19 - Earnings Per Share (T
Note 19 - Earnings Per Share (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | For the Three Months Ended September 30, 2023 2022 (dollars in thousands except shares and per share data) Income Shares Income Shares Net income $ 8,473 $ 16,652 Shares outstanding 18,995,303 19,011,672 Impact of weighting shares — (23,229 ) Used in basic EPS 8,473 18,995,303 16,652 18,988,443 Dilutive effect of outstanding Stock options 2,001 125,684 Restricted Stock Unit — 16,320 Used in dilutive EPS $ 8,473 18,997,304 $ 16,652 19,130,447 Basic earnings per common share $ 0.45 $ 0.88 Diluted earnings per common share $ 0.45 $ 0.87 For the Nine Months Ended September 30, 2023 2022 (dollars in thousands except shares and per share data) Income Shares Income Shares Net income $ 30,392 $ 46,746 Less: Earnings allocated to participating securities — (34 ) Shares outstanding 18,995,303 19,011,672 Impact of weighting shares (3,724 ) 131,060 Used in basic EPS 30,392 18,991,579 46,712 19,142,732 Dilutive effect of outstanding Stock options 17,633 249,115 Restricted Stock Units 4,626 23,711 Used in dilutive EPS $ 30,392 19,013,838 $ 46,712 19,415,558 Basic earnings per common share $ 1.60 $ 2.44 Diluted earnings per common share $ 1.60 $ 2.41 |
Note 20 - Revenue From Contra_2
Note 20 - Revenue From Contracts With Customers (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Disaggregation of Revenue [Table Text Block] | For the Three Months Ended September 30, For the Nine Months Ended September 30, (dollars in thousands) 2023 2022 2023 2022 Noninterest income, in scope Fees and service charges on deposit accounts $ 500 $ 508 $ 1,534 $ 1,582 Other fees (1) 202 157 682 474 Other income (2) 558 549 1,667 1,622 Gain on sale of OREO and fixed assets 222 — 222 757 Total in-scope noninterest income 1,482 1,214 4,105 4,435 Noninterest income, not in scope (3) 1,288 1,321 3,520 4,464 Total noninterest income $ 2,770 $ 2,535 $ 7,625 $ 8,899 |
Note 1 - Business Description (
Note 1 - Business Description (Details Textual) $ in Thousands | 127 Months Ended | ||||||
Jan. 31, 2022 | Sep. 30, 2023 USD ($) | Jun. 30, 2023 USD ($) | Dec. 31, 2022 USD ($) | Sep. 30, 2022 USD ($) | Jun. 30, 2022 USD ($) | Dec. 31, 2021 USD ($) | |
Assets | $ 4,069,354 | $ 3,919,058 | |||||
Loans Held for Investment and Held for Sale, Gross | 3,100,000 | ||||||
Deposits | 3,154,072 | 2,977,683 | |||||
Equity, Including Portion Attributable to Noncontrolling Interest | $ 502,511 | $ 500,290 | $ 484,563 | $ 469,595 | $ 461,503 | $ 466,683 | |
Number of Businesses Acquired | 6 |
Note 2 - Basis of Presentatio_3
Note 2 - Basis of Presentation and Summary of Significant Accounting Policies (Details Textual) $ in Millions | Jan. 01, 2022 USD ($) |
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | |
Allowance for Loan and Lease Losses, Period Increase (Decrease) | $ 2.1 |
Note 2 - Basis of Presentatio_4
Note 2 - Basis of Presentation and Summary of Significant Accounting Policies - Schedule of New Accounting Pronouncements (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Jun. 30, 2023 | Dec. 31, 2022 | Sep. 30, 2022 | Jun. 30, 2022 | Jan. 01, 2022 | Dec. 31, 2021 |
Allowance for credit losses on loans | $ 42,430 | $ 43,092 | $ 41,076 | $ 38,182 | $ 36,289 | $ 32,912 | |
Net deferred tax assets | 18,323 | 16,977 | 4,855 | ||||
Allowance for unfunded commitments | 654 | 1,157 | 1,203 | ||||
Retained earnings, net of tax | $ 247,159 | 225,883 | 181,329 | ||||
Cumulative Effect, Period of Adoption, Adjusted Balance [Member] | |||||||
Allowance for credit losses on loans | $ 35,047 | ||||||
Net deferred tax assets | 5,832 | ||||||
Allowance for unfunded commitments | 2,248 | ||||||
Retained earnings, net of tax | 179,125 | ||||||
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | |||||||
Allowance for credit losses on loans | 0 | 2,135 | 2,135 | ||||
Net deferred tax assets | 977 | ||||||
Allowance for unfunded commitments | 1,045 | ||||||
Retained earnings, net of tax | $ (2,204) | ||||||
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjusted Balance [Member] | |||||||
Allowance for credit losses on loans | $ 41,076 | $ 35,047 |
Note 3 - Acquisitions (Details
Note 3 - Acquisitions (Details Textual) - USD ($) | 9 Months Ended | ||||
Jan. 14, 2022 | Jan. 04, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | Dec. 31, 2022 | |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets, Total | $ 8,495,000 | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents | 312,000 | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Assets | 52,000 | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities, Total | 81,790,000 | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Liabilities | 81,700,000 | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Liabilities | 88,000 | ||||
Payments to Acquire Businesses, Net of Cash Acquired, Total | (71,040,000) | $ 0 | $ (71,352,000) | ||
Goodwill, Ending Balance | $ 71,498,000 | $ 71,498,000 | |||
Acquisition of the Honolulu, Hawaii Branch Office of the Bank of the Orient [Member] | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets, Total | 8,500,000 | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents | 312,000 | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Selected Performing Loans | 7,400,000 | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Assets | 64,000 | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities, Total | 81,800,000 | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Liabilities | 81,700,000 | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Certificate of Deposit Premium | 27,000 | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Liabilities | 90,000 | ||||
Payments to Acquire Businesses, Net of Cash Acquired, Total | $ (71,000,000) | ||||
Goodwill, Ending Balance | 2,300,000 | ||||
Acquisition of the Honolulu, Hawaii Branch Office of the Bank of the Orient [Member] | Financial Asset Acquired with Credit Deterioration [Member] | |||||
Business Combination, Acquired Receivable, Fair Value | 0 | ||||
Acquisition of the Honolulu, Hawaii Branch Office of the Bank of the Orient [Member] | Core Deposits [Member] | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | $ 729,000 |
Note 3 - Acquisitions - Assets
Note 3 - Acquisitions - Assets Acquired and Liabilities Assumed, and Fair Value Adjustments (Details) - USD ($) $ in Thousands | 9 Months Ended | ||
Jan. 14, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Cash and cash equivalents | $ 312 | ||
Loans, gross | 7,390 | ||
Bank premises and equipment | (12) | ||
Core deposit intangible | 729 | ||
Other assets | 52 | ||
Total assets acquired | 8,495 | ||
Deposits | 81,700 | ||
Escrow Payable | 2 | ||
Other liabilities | 88 | ||
Total liabilities assumed | 81,790 | ||
Excess of assets acquired over liabilities assumed | (73,295) | ||
Cash received | (71,040) | $ 0 | $ (71,352) |
Goodwill recognized | 2,255 | ||
Reported Value Measurement [Member] | |||
Cash and cash equivalents | 312 | ||
Loans, gross | 7,352 | ||
Bank premises and equipment | (12) | ||
Core deposit intangible | 0 | ||
Other assets | 412 | ||
Total assets acquired | 8,088 | ||
Deposits | 81,673 | ||
Escrow Payable | 2 | ||
Other liabilities | 460 | ||
Total liabilities assumed | 82,135 | ||
Excess of assets acquired over liabilities assumed | (74,047) | ||
Changes Measurement [Member] | |||
Cash and cash equivalents | 0 | ||
Loans, gross | 38 | ||
Bank premises and equipment | 0 | ||
Core deposit intangible | 729 | ||
Other assets | (360) | ||
Total assets acquired | 407 | ||
Deposits | 27 | ||
Escrow Payable | 0 | ||
Other liabilities | (372) | ||
Total liabilities assumed | (345) | ||
Excess of assets acquired over liabilities assumed | $ 752 |
Note 4 - Investment Securitie_2
Note 4 - Investment Securities (Details Textual) - USD ($) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | Dec. 31, 2022 | |
Proceeds from Sale of Debt Securities, Available-for-Sale | $ 0 | $ 0 | $ 0 | $ 0 | |
Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss | 839,000 | 839,000 | $ 810,000 | ||
Debt Securities, Available-for-Sale, Realized Gain (Loss) | 0 | $ 0 | 0 | $ 0 | |
Equity Securities without Readily Determinable Fair Value, Downward Price Adjustment, Annual Amount | 22,200,000 | 22,200,000 | |||
Asset Pledged as Collateral [Member] | |||||
Financial Instruments, Owned, at Fair Value | 93,100,000 | 93,100,000 | |||
Asset Pledged as Collateral [Member] | Deposits [Member] | |||||
Financial Instruments, Owned, at Fair Value | $ 63,000 | $ 63,000 | $ 76,000 |
Note 4 - Investment Securitie_3
Note 4 - Investment Securities - Amortized Cost and Fair Value of Available for Sale Securities and Held to Maturity Securities (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Available for sale, amortized cost | $ 391,474 | $ 288,088 |
Available for sale, gross unrealized gains | 1 | 3 |
Available for sale, gross unrealized losses | (37,097) | (31,261) |
Available for sale | 354,378 | 256,830 |
Held to maturity (fair value of $4,750 and $5,563 at September 30, 2023 and December 31, 2022, respectively) | 5,214 | 5,729 |
Held to maturity, gross unrealized gains | 0 | 7 |
Held to maturity, gross unrealized losses | (464) | (173) |
Securities held to maturity, fair value | 4,750 | 5,563 |
US Government Agencies Debt Securities [Member] | ||
Available for sale, amortized cost | 8,694 | 5,012 |
Available for sale, gross unrealized gains | 0 | 0 |
Available for sale, gross unrealized losses | (800) | (517) |
Available for sale | 7,894 | 4,495 |
Small Business Administration Agency Securities [Member] | ||
Available for sale, amortized cost | 7,533 | 2,634 |
Available for sale, gross unrealized gains | 0 | 0 |
Available for sale, gross unrealized losses | (272) | (223) |
Available for sale | 7,261 | 2,411 |
Residential Mortgage-Backed Securities [Member] | ||
Available for sale, amortized cost | 41,501 | 44,809 |
Available for sale, gross unrealized gains | 0 | 0 |
Available for sale, gross unrealized losses | (8,064) | (6,752) |
Available for sale | 33,437 | 38,057 |
Residential Collateralized Mortgage Obligations [Member] | ||
Available for sale, amortized cost | 86,343 | 82,759 |
Available for sale, gross unrealized gains | 0 | 0 |
Available for sale, gross unrealized losses | (15,144) | (12,856) |
Available for sale | 71,199 | 69,903 |
Commercial Mortgage-Backed Securities [Member] | ||
Available for sale, amortized cost | 4,887 | |
Available for sale, gross unrealized gains | 0 | |
Available for sale, gross unrealized losses | (16) | |
Available for sale | 4,871 | |
Commercial Collateralized Mortgage Obligations [Member] | ||
Available for sale, amortized cost | 70,837 | 44,591 |
Available for sale, gross unrealized gains | 1 | 0 |
Available for sale, gross unrealized losses | (3,343) | (2,901) |
Available for sale | 67,495 | 41,690 |
Commercial Paper [Member] | ||
Available for sale, amortized cost | 129,105 | 49,551 |
Available for sale, gross unrealized gains | 0 | 2 |
Available for sale, gross unrealized losses | (32) | (16) |
Available for sale | 129,073 | 49,537 |
Corporate Debt Securities [Member] | ||
Available for sale, amortized cost | 34,817 | 41,176 |
Available for sale, gross unrealized gains | 0 | 1 |
Available for sale, gross unrealized losses | (5,011) | (4,165) |
Available for sale | 29,806 | 37,012 |
Municipal Bonds [Member] | ||
Available for sale, amortized cost | 12,644 | 12,669 |
Available for sale, gross unrealized gains | 0 | 0 |
Available for sale, gross unrealized losses | (4,431) | (3,815) |
Available for sale | 8,213 | 8,854 |
Held to maturity (fair value of $4,750 and $5,563 at September 30, 2023 and December 31, 2022, respectively) | 4,712 | 4,726 |
Held to maturity, gross unrealized gains | 0 | 0 |
Held to maturity, gross unrealized losses | (461) | (170) |
Securities held to maturity, fair value | 4,251 | 4,556 |
Taxable Municipal Bonds [Member] | ||
Held to maturity (fair value of $4,750 and $5,563 at September 30, 2023 and December 31, 2022, respectively) | 502 | 1,003 |
Held to maturity, gross unrealized gains | 0 | 7 |
Held to maturity, gross unrealized losses | (3) | (3) |
Securities held to maturity, fair value | $ 499 | $ 1,007 |
Note 4 - Investment Securitie_4
Note 4 - Investment Securities - Expected Maturities (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Less than one year, Available for sale, Amortized Cost | $ 132,278 | $ 53,256 |
Less than one year, Available for sale, Estimated Fair Value | 132,236 | 53,243 |
More than one year to five years, Available for sale, Amortized Cost | 81,753 | 73,970 |
Available for sale, Estimated Fair Value, More than one year to five years | 74,709 | 68,471 |
More than five years to ten years, Available for sale, Amortized Cost | 148,490 | 142,849 |
More than five years to ten years, Available for sale, Estimated Fair Value | 127,650 | 122,326 |
More than ten years, Available for sale, Amortized Cost | 28,953 | 18,013 |
More than ten years, Available for sale, Estimated Fair Value | 19,783 | 12,790 |
Available for sale, amortized cost | 391,474 | 288,088 |
Available for sale | 354,378 | 256,830 |
Less than one year, Held to Maturity, Amortized Cost | 0 | 501 |
Less than one year, Held to maturity, Estimated Fair Value | 0 | 498 |
More than one year to five years, Held to maturity, Amortized Cost | 502 | 502 |
More than one year to five years, Held to Maturity, Estimated Fair Value | 499 | 509 |
More than five years to ten years, Held to maturity Amortized Cost | 2,338 | 1,739 |
More than five years to ten years, Held to maturity Estimated Fair Value | 2,085 | 1,692 |
More than ten years, Held to Maturity, Amortized Cost | 2,374 | 2,987 |
More than ten years, Held to Maturity, Estimated Fair Value | 2,166 | 2,864 |
Held to maturity (fair value of $4,750 and $5,563 at September 30, 2023 and December 31, 2022, respectively) | 5,214 | 5,729 |
Securities held to maturity, fair value | 4,750 | 5,563 |
US Government Agencies Debt Securities [Member] | ||
Less than one year, Available for sale, Amortized Cost | 0 | 0 |
Less than one year, Available for sale, Estimated Fair Value | 0 | 0 |
More than one year to five years, Available for sale, Amortized Cost | 8,694 | 5,012 |
Available for sale, Estimated Fair Value, More than one year to five years | 7,894 | 4,495 |
More than five years to ten years, Available for sale, Amortized Cost | 0 | 0 |
More than five years to ten years, Available for sale, Estimated Fair Value | 0 | 0 |
More than ten years, Available for sale, Amortized Cost | 0 | 0 |
More than ten years, Available for sale, Estimated Fair Value | 0 | 0 |
Available for sale, amortized cost | 8,694 | 5,012 |
Available for sale | 7,894 | 4,495 |
Small Business Administration Agency Securities [Member] | ||
Less than one year, Available for sale, Amortized Cost | 0 | 0 |
Less than one year, Available for sale, Estimated Fair Value | 0 | 0 |
More than one year to five years, Available for sale, Amortized Cost | 2,387 | 2,634 |
Available for sale, Estimated Fair Value, More than one year to five years | 2,115 | 2,411 |
More than five years to ten years, Available for sale, Amortized Cost | 5,146 | 0 |
More than five years to ten years, Available for sale, Estimated Fair Value | 5,146 | 0 |
More than ten years, Available for sale, Amortized Cost | 0 | 0 |
More than ten years, Available for sale, Estimated Fair Value | 0 | 0 |
Available for sale, amortized cost | 7,533 | 2,634 |
Available for sale | 7,261 | 2,411 |
Residential Mortgage-Backed Securities [Member] | ||
Less than one year, Available for sale, Amortized Cost | 0 | 0 |
Less than one year, Available for sale, Estimated Fair Value | 0 | 0 |
More than one year to five years, Available for sale, Amortized Cost | 11,546 | 13,013 |
Available for sale, Estimated Fair Value, More than one year to five years | 10,028 | 11,598 |
More than five years to ten years, Available for sale, Amortized Cost | 20,114 | 29,114 |
More than five years to ten years, Available for sale, Estimated Fair Value | 16,164 | 24,361 |
More than ten years, Available for sale, Amortized Cost | 9,841 | 2,682 |
More than ten years, Available for sale, Estimated Fair Value | 7,245 | 2,098 |
Available for sale, amortized cost | 41,501 | 44,809 |
Available for sale | 33,437 | 38,057 |
Residential Collateralized Mortgage Obligations [Member] | ||
Less than one year, Available for sale, Amortized Cost | 0 | 0 |
Less than one year, Available for sale, Estimated Fair Value | 0 | 0 |
More than one year to five years, Available for sale, Amortized Cost | 23,737 | 20,687 |
Available for sale, Estimated Fair Value, More than one year to five years | 22,217 | 19,646 |
More than five years to ten years, Available for sale, Amortized Cost | 58,783 | 62,072 |
More than five years to ten years, Available for sale, Estimated Fair Value | 46,416 | 50,257 |
More than ten years, Available for sale, Amortized Cost | 3,823 | 0 |
More than ten years, Available for sale, Estimated Fair Value | 2,566 | 0 |
Available for sale, amortized cost | 86,343 | 82,759 |
Available for sale | 71,199 | 69,903 |
Commercial Collateralized Mortgage Obligations [Member] | ||
Less than one year, Available for sale, Amortized Cost | 3,173 | 0 |
Less than one year, Available for sale, Estimated Fair Value | 3,163 | 0 |
More than one year to five years, Available for sale, Amortized Cost | 22,470 | 16,382 |
Available for sale, Estimated Fair Value, More than one year to five years | 20,230 | 14,644 |
More than five years to ten years, Available for sale, Amortized Cost | 45,194 | 28,209 |
More than five years to ten years, Available for sale, Estimated Fair Value | 44,102 | 27,046 |
More than ten years, Available for sale, Amortized Cost | 0 | 0 |
More than ten years, Available for sale, Estimated Fair Value | 0 | 0 |
Available for sale, amortized cost | 70,837 | 44,591 |
Available for sale | 67,495 | 41,690 |
Commercial Paper [Member] | ||
Less than one year, Available for sale, Amortized Cost | 129,105 | 49,551 |
Less than one year, Available for sale, Estimated Fair Value | 129,073 | 49,537 |
More than one year to five years, Available for sale, Amortized Cost | 0 | 0 |
Available for sale, Estimated Fair Value, More than one year to five years | 0 | 0 |
More than five years to ten years, Available for sale, Amortized Cost | 0 | 0 |
More than five years to ten years, Available for sale, Estimated Fair Value | 0 | 0 |
More than ten years, Available for sale, Amortized Cost | 0 | 0 |
More than ten years, Available for sale, Estimated Fair Value | 0 | 0 |
Available for sale, amortized cost | 129,105 | 49,551 |
Available for sale | 129,073 | 49,537 |
Corporate Debt Securities [Member] | ||
Less than one year, Available for sale, Amortized Cost | 0 | 3,705 |
Less than one year, Available for sale, Estimated Fair Value | 0 | 3,706 |
More than one year to five years, Available for sale, Amortized Cost | 12,919 | 11,355 |
Available for sale, Estimated Fair Value, More than one year to five years | 12,225 | 10,806 |
More than five years to ten years, Available for sale, Amortized Cost | 19,253 | 23,454 |
More than five years to ten years, Available for sale, Estimated Fair Value | 15,822 | 20,662 |
More than ten years, Available for sale, Amortized Cost | 2,645 | 2,662 |
More than ten years, Available for sale, Estimated Fair Value | 1,759 | 1,838 |
Available for sale, amortized cost | 34,817 | 41,176 |
Available for sale | 29,806 | 37,012 |
Municipal Bonds [Member] | ||
Less than one year, Available for sale, Amortized Cost | 0 | 0 |
Less than one year, Available for sale, Estimated Fair Value | 0 | 0 |
More than one year to five years, Available for sale, Amortized Cost | 0 | 0 |
Available for sale, Estimated Fair Value, More than one year to five years | 0 | 0 |
More than five years to ten years, Available for sale, Amortized Cost | 0 | 0 |
More than five years to ten years, Available for sale, Estimated Fair Value | 0 | 0 |
More than ten years, Available for sale, Amortized Cost | 12,644 | 12,669 |
More than ten years, Available for sale, Estimated Fair Value | 8,213 | 8,854 |
Available for sale, amortized cost | 12,644 | 12,669 |
Available for sale | 8,213 | 8,854 |
Less than one year, Held to Maturity, Amortized Cost | 0 | 0 |
Less than one year, Held to maturity, Estimated Fair Value | 0 | 0 |
More than one year to five years, Held to maturity, Amortized Cost | 0 | 0 |
More than one year to five years, Held to Maturity, Estimated Fair Value | 0 | 0 |
More than five years to ten years, Held to maturity Amortized Cost | 2,338 | 1,739 |
More than five years to ten years, Held to maturity Estimated Fair Value | 2,085 | 1,692 |
More than ten years, Held to Maturity, Amortized Cost | 2,374 | 2,987 |
More than ten years, Held to Maturity, Estimated Fair Value | 2,166 | 2,864 |
Held to maturity (fair value of $4,750 and $5,563 at September 30, 2023 and December 31, 2022, respectively) | 4,712 | 4,726 |
Securities held to maturity, fair value | 4,251 | 4,556 |
Taxable Municipal Bonds [Member] | ||
Less than one year, Held to Maturity, Amortized Cost | 0 | 501 |
Less than one year, Held to maturity, Estimated Fair Value | 0 | 498 |
More than one year to five years, Held to maturity, Amortized Cost | 502 | 502 |
More than one year to five years, Held to Maturity, Estimated Fair Value | 499 | 509 |
More than five years to ten years, Held to maturity Amortized Cost | 0 | 0 |
More than five years to ten years, Held to maturity Estimated Fair Value | 0 | 0 |
More than ten years, Held to Maturity, Amortized Cost | 0 | 0 |
More than ten years, Held to Maturity, Estimated Fair Value | 0 | 0 |
Held to maturity (fair value of $4,750 and $5,563 at September 30, 2023 and December 31, 2022, respectively) | 502 | 1,003 |
Securities held to maturity, fair value | $ 499 | 1,007 |
Commercial Mortgage-Backed Securities [Member] | ||
Less than one year, Available for sale, Amortized Cost | 0 | |
Less than one year, Available for sale, Estimated Fair Value | 0 | |
More than one year to five years, Available for sale, Amortized Cost | 4,887 | |
Available for sale, Estimated Fair Value, More than one year to five years | 4,871 | |
More than five years to ten years, Available for sale, Amortized Cost | 0 | |
More than five years to ten years, Available for sale, Estimated Fair Value | 0 | |
More than ten years, Available for sale, Amortized Cost | 0 | |
More than ten years, Available for sale, Estimated Fair Value | 0 | |
Available for sale, amortized cost | 4,887 | |
Available for sale | $ 4,871 |
Note 4 - Investment Securitie_5
Note 4 - Investment Securities - Summary of Investment Securities with Unrealized Losses (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Less than Twelve Months Estimated Fair Value, available for sale | $ 153,956 | $ 121,563 |
Less than Twelve Months Unrealized Losses, available for sale | (637) | (5,116) |
Twelve Months or More Estimated Fair Value, available for sale | 175,389 | 118,611 |
Twelve Months or More Unrealized Losses | (36,460) | (26,145) |
Total Estimated Fair Value, available for sale | 329,345 | 240,174 |
Total Unrealized Losses, available for sale | (37,097) | (31,261) |
Less than Twelve Months Estimated Fair Value, held to maturity | 1,780 | 5,054 |
Less than Twelve Months Unrealized Losses, held to maturity | (137) | (173) |
Twelve Months or More Estimated Fair Value, held to maturity | 2,970 | 0 |
Twelve Months or More Unrealized Losses, held to maturity | (327) | 0 |
Total Estimated Fair Value, held to maturity | 4,750 | 5,054 |
Total Unrealized Losses, held to maturity | (464) | (173) |
US Government Agencies Debt Securities [Member] | ||
Less than Twelve Months Estimated Fair Value, available for sale | 4,119 | 354 |
Less than Twelve Months Unrealized Losses, available for sale | (174) | (24) |
Twelve Months or More Estimated Fair Value, available for sale | 3,775 | 4,141 |
Twelve Months or More Unrealized Losses | (626) | (493) |
Total Estimated Fair Value, available for sale | 7,894 | 4,495 |
Total Unrealized Losses, available for sale | (800) | (517) |
SBA Securities [Member] | ||
Less than Twelve Months Estimated Fair Value, available for sale | 0 | 2,411 |
Less than Twelve Months Unrealized Losses, available for sale | 0 | (223) |
Twelve Months or More Estimated Fair Value, available for sale | 2,115 | 0 |
Twelve Months or More Unrealized Losses | (272) | 0 |
Total Estimated Fair Value, available for sale | 2,115 | 2,411 |
Total Unrealized Losses, available for sale | (272) | (223) |
Residential Mortgage-Backed Securities [Member] | ||
Less than Twelve Months Estimated Fair Value, available for sale | 0 | 5,535 |
Less than Twelve Months Unrealized Losses, available for sale | 0 | (362) |
Twelve Months or More Estimated Fair Value, available for sale | 33,437 | 32,522 |
Twelve Months or More Unrealized Losses | (8,064) | (6,390) |
Total Estimated Fair Value, available for sale | 33,437 | 38,057 |
Total Unrealized Losses, available for sale | (8,064) | (6,752) |
Residential Collateralized Mortgage Obligations [Member] | ||
Less than Twelve Months Estimated Fair Value, available for sale | 11,956 | 27,050 |
Less than Twelve Months Unrealized Losses, available for sale | (310) | (1,842) |
Twelve Months or More Estimated Fair Value, available for sale | 59,243 | 39,815 |
Twelve Months or More Unrealized Losses | (14,834) | (11,014) |
Total Estimated Fair Value, available for sale | 71,199 | 66,865 |
Total Unrealized Losses, available for sale | (15,144) | (12,856) |
Commercial Mortgage-Backed Securities [Member] | ||
Less than Twelve Months Estimated Fair Value, available for sale | 4,871 | |
Less than Twelve Months Unrealized Losses, available for sale | (16) | |
Twelve Months or More Estimated Fair Value, available for sale | 0 | |
Twelve Months or More Unrealized Losses | 0 | |
Total Estimated Fair Value, available for sale | 4,871 | |
Total Unrealized Losses, available for sale | (16) | |
Commercial Collateralized Mortgage Obligations [Member] | ||
Less than Twelve Months Estimated Fair Value, available for sale | 23,696 | 18,741 |
Less than Twelve Months Unrealized Losses, available for sale | (121) | (790) |
Twelve Months or More Estimated Fair Value, available for sale | 38,800 | 22,949 |
Twelve Months or More Unrealized Losses | (3,222) | (2,111) |
Total Estimated Fair Value, available for sale | 62,496 | 41,690 |
Total Unrealized Losses, available for sale | (3,343) | (2,901) |
Commercial Paper [Member] | ||
Less than Twelve Months Estimated Fair Value, available for sale | 114,185 | 39,624 |
Less than Twelve Months Unrealized Losses, available for sale | (32) | (16) |
Twelve Months or More Estimated Fair Value, available for sale | 0 | 0 |
Twelve Months or More Unrealized Losses | 0 | 0 |
Total Estimated Fair Value, available for sale | 114,185 | 39,624 |
Total Unrealized Losses, available for sale | (32) | (16) |
Corporate Debt Securities [Member] | ||
Less than Twelve Months Estimated Fair Value, available for sale | 0 | 22,977 |
Less than Twelve Months Unrealized Losses, available for sale | 0 | (1,843) |
Twelve Months or More Estimated Fair Value, available for sale | 29,806 | 10,330 |
Twelve Months or More Unrealized Losses | (5,011) | (2,322) |
Total Estimated Fair Value, available for sale | 29,806 | 33,307 |
Total Unrealized Losses, available for sale | (5,011) | (4,165) |
Municipal Bonds [Member] | ||
Less than Twelve Months Estimated Fair Value, available for sale | 0 | 0 |
Less than Twelve Months Unrealized Losses, available for sale | 0 | 0 |
Twelve Months or More Estimated Fair Value, available for sale | 8,213 | 8,854 |
Twelve Months or More Unrealized Losses | (4,431) | (3,815) |
Total Estimated Fair Value, available for sale | 8,213 | 8,854 |
Total Unrealized Losses, available for sale | (4,431) | (3,815) |
Less than Twelve Months Estimated Fair Value, held to maturity | 1,281 | 4,556 |
Less than Twelve Months Unrealized Losses, held to maturity | (134) | (170) |
Twelve Months or More Estimated Fair Value, held to maturity | 2,970 | 0 |
Twelve Months or More Unrealized Losses, held to maturity | (327) | 0 |
Total Estimated Fair Value, held to maturity | 4,251 | 4,556 |
Total Unrealized Losses, held to maturity | (461) | (170) |
Taxable Municipal Bonds [Member] | ||
Less than Twelve Months Estimated Fair Value, held to maturity | 499 | 498 |
Less than Twelve Months Unrealized Losses, held to maturity | (3) | (3) |
Twelve Months or More Estimated Fair Value, held to maturity | 0 | 0 |
Twelve Months or More Unrealized Losses, held to maturity | 0 | 0 |
Total Estimated Fair Value, held to maturity | 499 | 498 |
Total Unrealized Losses, held to maturity | $ (3) | $ (3) |
Note 5 - Loans and Allowance _3
Note 5 - Loans and Allowance for Credit Losses (Details Textual) Pure in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2023 USD ($) | Sep. 30, 2022 USD ($) | Sep. 30, 2023 USD ($) | Sep. 30, 2022 USD ($) | Dec. 31, 2022 USD ($) | |
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease) | $ 1,500,000 | $ 1,800,000 | |||
Off-Balance-Sheet, Credit Loss, Liability, Credit Loss Expense (Reversal) | 144,000 | 28,000 | $ 503,000 | $ 162,000 | |
Financing Receivable Number Of Loans 90 Days Past Due And Still Accruing | 0 | 0 | $ 0 | ||
Impaired Financing Receivable, Interest Income, Cash Basis Method | $ 0 | $ 0 | $ 0 | $ 0 | |
Number Of Loans Identified As Troubled Debt Restructurings | 0 | 0 | 0 | ||
Financing Receivable, Modified, Commitment to Lend | $ 0 | $ 0 | $ 0 | ||
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts | 0 |
Note 5 - Loans and Allowance _4
Note 5 - Loans and Allowance for Credit Losses - Schedule of Loans (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Jun. 30, 2023 | Dec. 31, 2022 | Sep. 30, 2022 | Jun. 30, 2022 | Dec. 31, 2021 |
Loans, gross | $ 3,120,952 | $ 3,336,449 | ||||
Allowance for credit losses | (42,430) | $ (43,092) | (41,076) | $ (38,182) | $ (36,289) | $ (32,912) |
Net loans | 3,078,522 | 3,295,373 | ||||
Construction And Land Development Loans [Member] | ||||||
Loans, gross | 259,778 | 276,876 | ||||
Commercial Real Estate Portfolio Segment [Member] | ||||||
Loans, gross | 1,164,210 | 1,312,132 | ||||
Allowance for credit losses | (39,682) | $ (40,869) | (37,935) | $ (34,376) | $ (32,105) | $ (28,592) |
Single Family Residential Mortgages Loans [Member] | ||||||
Loans, gross | 1,505,307 | 1,464,108 | ||||
Commercial and Industrial [Member] | ||||||
Loans, gross | 127,655 | 201,223 | ||||
SBA Loans [Member] | ||||||
Loans, gross | 50,420 | 61,411 | ||||
Other Loans [Member] | ||||||
Loans, gross | $ 13,582 | $ 20,699 |
Note 5 - Loans and Allowance _5
Note 5 - Loans and Allowance for Credit Losses - Allowance for Loan Losses (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | Dec. 31, 2022 | |
Beginning balance | $ 43,092 | $ 36,289 | $ 41,076 | $ 32,912 | $ 32,912 |
Provisions | 1,544 | 1,766 | 4,297 | 3,048 | |
Charge-offs | (2,217) | (49) | (2,992) | (151) | |
Recoveries | 11 | 176 | 49 | 238 | |
Ending allowance balance | 42,430 | 38,182 | 42,430 | 38,182 | 41,076 |
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | |||||
Beginning balance | 0 | 2,135 | 2,135 | ||
Ending allowance balance | 0 | ||||
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjusted Balance [Member] | |||||
Beginning balance | 41,076 | 35,047 | 35,047 | ||
Ending allowance balance | 41,076 | ||||
Commercial Real Estate Portfolio Segment [Member] | |||||
Beginning balance | 40,869 | 32,105 | 37,935 | 28,592 | 28,592 |
Provisions | 963 | 2,271 | 4,389 | 4,172 | |
Charge-offs | (2,150) | 0 | (2,642) | 0 | 0 |
Recoveries | 0 | 0 | 0 | 0 | 0 |
Ending allowance balance | 39,682 | 34,376 | 39,682 | 34,376 | 37,935 |
Commercial Real Estate Portfolio Segment [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | |||||
Beginning balance | 0 | 1,612 | 1,612 | ||
Ending allowance balance | 0 | ||||
Commercial Real Estate Portfolio Segment [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjusted Balance [Member] | |||||
Beginning balance | 37,935 | 30,204 | 30,204 | ||
Ending allowance balance | 37,935 | ||||
Commercial Portfolio Segment [Member] | |||||
Beginning balance | 1,733 | 2,646 | 2,425 | 3,793 | 3,793 |
Provisions | 809 | (525) | 178 | (1,128) | |
Charge-offs | 0 | (5) | (62) | (5) | |
Recoveries | 1 | 169 | 2 | 229 | |
Ending allowance balance | 2,543 | 2,285 | 2,543 | 2,285 | 2,425 |
Commercial Portfolio Segment [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | |||||
Beginning balance | 0 | (604) | (604) | ||
Ending allowance balance | 0 | ||||
Commercial Portfolio Segment [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjusted Balance [Member] | |||||
Beginning balance | 2,425 | 3,189 | 3,189 | ||
Ending allowance balance | 2,425 | ||||
Other Financing Receivables [Member] | |||||
Beginning balance | 490 | 1,538 | 716 | 527 | 527 |
Provisions | (228) | 20 | (270) | 4 | |
Charge-offs | (67) | (44) | (288) | (146) | |
Recoveries | 10 | 7 | 47 | 9 | |
Ending allowance balance | $ 205 | $ 1,521 | 205 | 1,521 | 716 |
Other Financing Receivables [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | |||||
Beginning balance | 0 | 1,127 | 1,127 | ||
Ending allowance balance | 0 | ||||
Other Financing Receivables [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjusted Balance [Member] | |||||
Beginning balance | $ 716 | $ 1,654 | 1,654 | ||
Ending allowance balance | $ 716 |
Note 5 - Loans and Allowance _6
Note 5 - Loans and Allowance for Credit Losses - Risk Category of Loans (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | Dec. 31, 2022 | |
Current fiscal year | $ 406,825 | $ 406,825 | $ 1,269,989 | ||
Fiscal year before current | 1,092,619 | 1,092,619 | 639,745 | ||
Two fiscal year before current | 481,608 | 481,608 | 467,976 | ||
Three fiscal year before current | 335,474 | 335,474 | 217,682 | ||
Four fiscal year before current | 200,339 | 200,339 | 225,463 | ||
Five fiscal year before current | 504,724 | 504,724 | 371,945 | ||
Revolving | 99,363 | 99,363 | 143,563 | ||
Revolving converted to term loans | 0 | 0 | 86 | ||
Loans, gross | 3,120,952 | 3,120,952 | 3,336,449 | ||
YTD period charge-offs | 2,217 | $ 49 | 2,992 | $ 151 | |
YTD period recoveries | 11 | 176 | 49 | 238 | |
Net, Current fiscal year | 0 | 0 | 0 | ||
Net, Fiscal year before current | (2,157) | (2,157) | (210) | ||
Net, Two fiscal year before current | (153) | (153) | 2 | ||
Net, Three fiscal year before current | (561) | (561) | (5) | ||
Net, Four fiscal year before current | 0 | 0 | 0 | ||
Net, Five fiscal year before current | (72) | (72) | 215 | ||
Net, Revolving | 0 | 0 | 0 | ||
Net, Revolving converted to term loans | 0 | 0 | |||
Net | (2,943) | 2 | |||
Net recoveries (charge-offs), Current fiscal year | 0 | 0 | 0 | ||
Pass [Member] | |||||
Current fiscal year | 406,522 | 406,522 | 1,269,597 | ||
Fiscal year before current | 1,082,162 | 1,082,162 | 633,710 | ||
Two fiscal year before current | 469,536 | 469,536 | 444,480 | ||
Three fiscal year before current | 317,651 | 317,651 | 215,246 | ||
Four fiscal year before current | 189,618 | 189,618 | 211,030 | ||
Five fiscal year before current | 457,379 | 457,379 | 325,621 | ||
Revolving | 95,468 | 95,468 | 132,501 | ||
Revolving converted to term loans | 0 | 0 | 86 | ||
Loans, gross | 3,018,336 | 3,018,336 | 3,232,271 | ||
Special Mention [Member] | |||||
Current fiscal year | 0 | 0 | 0 | ||
Fiscal year before current | 0 | 0 | 5,987 | ||
Two fiscal year before current | 12,036 | 12,036 | 9,280 | ||
Three fiscal year before current | 0 | 0 | 0 | ||
Four fiscal year before current | 7,778 | 7,778 | 5,563 | ||
Five fiscal year before current | 8,766 | 8,766 | 17,805 | ||
Revolving | 2,632 | 2,632 | 3,577 | ||
Revolving converted to term loans | 0 | 0 | 0 | ||
Loans, gross | 31,212 | 31,212 | 42,212 | ||
Substandard [Member] | |||||
Current fiscal year | 303 | 303 | 392 | ||
Fiscal year before current | 10,457 | 10,457 | 48 | ||
Two fiscal year before current | 36 | 36 | 14,216 | ||
Three fiscal year before current | 17,823 | 17,823 | 2,436 | ||
Four fiscal year before current | 2,943 | 2,943 | 8,870 | ||
Five fiscal year before current | 38,579 | 38,579 | 28,519 | ||
Revolving | 1,260 | 1,260 | 7,485 | ||
Revolving converted to term loans | 0 | 0 | 0 | ||
Loans, gross | 71,401 | 71,401 | 61,966 | ||
Doubtful [Member] | |||||
Current fiscal year | 0 | 0 | 0 | ||
Fiscal year before current | 0 | 0 | 0 | ||
Two fiscal year before current | 0 | 0 | 0 | ||
Three fiscal year before current | 0 | 0 | 0 | ||
Four fiscal year before current | 0 | 0 | 0 | ||
Five fiscal year before current | 0 | 0 | 0 | ||
Revolving | 3 | 3 | 0 | ||
Revolving converted to term loans | 0 | 0 | 0 | ||
Loans, gross | 3 | 3 | 0 | ||
Construction And Land Development Loans [Member] | |||||
Current fiscal year | 198,431 | 198,431 | 125,216 | ||
Fiscal year before current | 34,695 | 34,695 | 52,262 | ||
Two fiscal year before current | 22,365 | 22,365 | 99,016 | ||
Three fiscal year before current | 3,925 | 3,925 | 201 | ||
Four fiscal year before current | 195 | 195 | 0 | ||
Five fiscal year before current | 167 | 167 | 181 | ||
Revolving | 0 | 0 | 0 | ||
Revolving converted to term loans | 0 | 0 | 0 | ||
Loans, gross | 259,778 | 259,778 | 276,876 | ||
YTD period charge-offs, current | 0 | 0 | |||
YTD period charge-offs, one year before | 0 | 0 | |||
YTD period charge-offs, two years before | 0 | 0 | |||
YTD period charge-offs, three years before | 0 | 0 | |||
YTD period charge-offs, four years before | 0 | 0 | |||
YTD period charge-offs, prior | 12 | 0 | |||
YTD period charge-offs, revolving | 0 | 0 | |||
YTD period charge-offs, converted to term loan | 0 | 0 | |||
YTD period charge-offs | 12 | 0 | |||
YTD period recoveries, Current fiscal year | 0 | 0 | 0 | ||
YTD period recoveries, Fiscal year before current | 0 | 0 | 0 | ||
YTD period recoveries, Two fiscal year before current | 0 | 0 | 0 | ||
YTD period recoveries, Three fiscal year before current | 0 | 0 | 0 | ||
YTD period recoveries, Four fiscal year before current | 0 | 0 | 0 | ||
YTD period recoveries, Five fiscal year before current | 0 | 0 | 0 | ||
YTD period recoveries, Revolving | 0 | 0 | 0 | ||
YTD period recoveries, Revolving converted to term loans | 0 | 0 | |||
YTD period recoveries | 0 | 0 | |||
Net, Current fiscal year | 0 | 0 | 0 | ||
Net, Fiscal year before current | 0 | 0 | 0 | ||
Net, Two fiscal year before current | 0 | 0 | 0 | ||
Net, Three fiscal year before current | 0 | 0 | 0 | ||
Net, Four fiscal year before current | 0 | 0 | 0 | ||
Net, Five fiscal year before current | (12) | (12) | 0 | ||
Net, Revolving | 0 | 0 | 0 | ||
Net, Revolving converted to term loans | 0 | 0 | |||
Net | (12) | 0 | |||
Net recoveries (charge-offs), Current fiscal year | 0 | 0 | 0 | ||
Construction And Land Development Loans [Member] | Pass [Member] | |||||
Current fiscal year | 198,431 | 198,431 | 125,216 | ||
Fiscal year before current | 34,695 | 34,695 | 52,262 | ||
Two fiscal year before current | 10,659 | 10,659 | 99,016 | ||
Three fiscal year before current | 3,925 | 3,925 | 201 | ||
Four fiscal year before current | 195 | 195 | 0 | ||
Five fiscal year before current | 39 | 39 | 40 | ||
Revolving | 0 | 0 | 0 | ||
Revolving converted to term loans | 0 | 0 | 0 | ||
Loans, gross | 247,944 | 247,944 | 276,735 | ||
Construction And Land Development Loans [Member] | Special Mention [Member] | |||||
Current fiscal year | 0 | 0 | 0 | ||
Fiscal year before current | 0 | 0 | 0 | ||
Two fiscal year before current | 11,706 | 11,706 | 0 | ||
Three fiscal year before current | 0 | 0 | 0 | ||
Four fiscal year before current | 0 | 0 | 0 | ||
Five fiscal year before current | 0 | 0 | 0 | ||
Revolving | 0 | 0 | 0 | ||
Revolving converted to term loans | 0 | 0 | 0 | ||
Loans, gross | 11,706 | 11,706 | 0 | ||
Construction And Land Development Loans [Member] | Substandard [Member] | |||||
Current fiscal year | 0 | 0 | 0 | ||
Fiscal year before current | 0 | 0 | 0 | ||
Two fiscal year before current | 0 | 0 | 0 | ||
Three fiscal year before current | 0 | 0 | 0 | ||
Four fiscal year before current | 0 | 0 | 0 | ||
Five fiscal year before current | 128 | 128 | 141 | ||
Revolving | 0 | 0 | 0 | ||
Revolving converted to term loans | 0 | 0 | 0 | ||
Loans, gross | 128 | 128 | 141 | ||
Construction And Land Development Loans [Member] | Doubtful [Member] | |||||
Current fiscal year | 0 | 0 | 0 | ||
Fiscal year before current | 0 | 0 | 0 | ||
Two fiscal year before current | 0 | 0 | 0 | ||
Three fiscal year before current | 0 | 0 | 0 | ||
Four fiscal year before current | 0 | 0 | 0 | ||
Five fiscal year before current | 0 | 0 | 0 | ||
Revolving | 0 | 0 | 0 | ||
Revolving converted to term loans | 0 | 0 | 0 | ||
Loans, gross | 0 | 0 | 0 | ||
Commercial Real Estate Portfolio Segment [Member] | |||||
Current fiscal year | 56,474 | 56,474 | 479,591 | ||
Fiscal year before current | 438,212 | 438,212 | 293,058 | ||
Two fiscal year before current | 189,451 | 189,451 | 212,983 | ||
Three fiscal year before current | 190,462 | 190,462 | 112,771 | ||
Four fiscal year before current | 107,330 | 107,330 | 73,235 | ||
Five fiscal year before current | 182,281 | 182,281 | 140,494 | ||
Revolving | 0 | 0 | 0 | ||
Revolving converted to term loans | 0 | 0 | 0 | ||
Loans, gross | 1,164,210 | 1,164,210 | 1,312,132 | ||
YTD period charge-offs, current | 0 | 0 | |||
YTD period charge-offs, one year before | 2,078 | 0 | |||
YTD period charge-offs, two years before | 0 | 0 | |||
YTD period charge-offs, three years before | 459 | 0 | |||
YTD period charge-offs, four years before | 0 | 0 | |||
YTD period charge-offs, prior | 0 | 0 | |||
YTD period charge-offs, revolving | 0 | 0 | |||
YTD period charge-offs, converted to term loan | 0 | 0 | |||
YTD period charge-offs | 2,150 | 0 | 2,642 | 0 | 0 |
YTD period recoveries, Current fiscal year | 0 | 0 | 0 | ||
YTD period recoveries, Fiscal year before current | 0 | 0 | 0 | ||
YTD period recoveries, Two fiscal year before current | 0 | 0 | 0 | ||
YTD period recoveries, Three fiscal year before current | 0 | 0 | 0 | ||
YTD period recoveries, Four fiscal year before current | 0 | 0 | 0 | ||
YTD period recoveries, Five fiscal year before current | 0 | 0 | 0 | ||
YTD period recoveries, Revolving | 0 | 0 | 0 | ||
YTD period recoveries, Revolving converted to term loans | 0 | 0 | |||
YTD period recoveries | 0 | $ 0 | 0 | $ 0 | 0 |
Net, Current fiscal year | 0 | 0 | 0 | ||
Net, Fiscal year before current | (2,078) | (2,078) | 0 | ||
Net, Two fiscal year before current | 0 | 0 | 0 | ||
Net, Three fiscal year before current | (459) | (459) | 0 | ||
Net, Four fiscal year before current | 0 | 0 | 0 | ||
Net, Five fiscal year before current | 0 | 0 | 0 | ||
Net, Revolving | 0 | 0 | 0 | ||
Net, Revolving converted to term loans | 0 | 0 | |||
Net | (2,537) | 0 | |||
Net recoveries (charge-offs), Current fiscal year | 0 | 0 | 0 | ||
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | |||||
Current fiscal year | 56,171 | 56,171 | 479,304 | ||
Fiscal year before current | 428,412 | 428,412 | 293,058 | ||
Two fiscal year before current | 189,451 | 189,451 | 195,051 | ||
Three fiscal year before current | 178,948 | 178,948 | 110,442 | ||
Four fiscal year before current | 97,249 | 97,249 | 73,013 | ||
Five fiscal year before current | 159,579 | 159,579 | 117,068 | ||
Revolving | 0 | 0 | 0 | ||
Revolving converted to term loans | 0 | 0 | 0 | ||
Loans, gross | 1,109,810 | 1,109,810 | 1,267,936 | ||
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member] | |||||
Current fiscal year | 0 | 0 | 0 | ||
Fiscal year before current | 0 | 0 | 0 | ||
Two fiscal year before current | 0 | 0 | 9,280 | ||
Three fiscal year before current | 0 | 0 | 0 | ||
Four fiscal year before current | 7,778 | 7,778 | 0 | ||
Five fiscal year before current | 4,904 | 4,904 | 0 | ||
Revolving | 0 | 0 | 0 | ||
Revolving converted to term loans | 0 | 0 | 0 | ||
Loans, gross | 12,682 | 12,682 | 9,280 | ||
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | |||||
Current fiscal year | 303 | 303 | 287 | ||
Fiscal year before current | 9,800 | 9,800 | 0 | ||
Two fiscal year before current | 0 | 0 | 8,652 | ||
Three fiscal year before current | 11,514 | 11,514 | 2,329 | ||
Four fiscal year before current | 2,303 | 2,303 | 222 | ||
Five fiscal year before current | 17,798 | 17,798 | 23,426 | ||
Revolving | 0 | 0 | 0 | ||
Revolving converted to term loans | 0 | 0 | 0 | ||
Loans, gross | 41,718 | 41,718 | 34,916 | ||
Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member] | |||||
Current fiscal year | 0 | 0 | 0 | ||
Fiscal year before current | 0 | 0 | 0 | ||
Two fiscal year before current | 0 | 0 | 0 | ||
Three fiscal year before current | 0 | 0 | 0 | ||
Four fiscal year before current | 0 | 0 | 0 | ||
Five fiscal year before current | 0 | 0 | 0 | ||
Revolving | 0 | 0 | 0 | ||
Revolving converted to term loans | 0 | 0 | 0 | ||
Loans, gross | 0 | 0 | 0 | ||
Single Family Residential Mortgages Loans [Member] | |||||
Current fiscal year | 147,380 | 147,380 | 637,893 | ||
Fiscal year before current | 601,994 | 601,994 | 255,529 | ||
Two fiscal year before current | 243,372 | 243,372 | 141,918 | ||
Three fiscal year before current | 132,707 | 132,707 | 96,355 | ||
Four fiscal year before current | 85,887 | 85,887 | 145,971 | ||
Five fiscal year before current | 292,069 | 292,069 | 183,345 | ||
Revolving | 1,898 | 1,898 | 3,097 | ||
Revolving converted to term loans | 0 | 0 | 0 | ||
Loans, gross | 1,505,307 | 1,505,307 | 1,464,108 | ||
YTD period charge-offs, current | 0 | 0 | |||
YTD period charge-offs, one year before | 0 | 0 | |||
YTD period charge-offs, two years before | 0 | 0 | |||
YTD period charge-offs, three years before | 93 | 0 | |||
YTD period charge-offs, four years before | 0 | 0 | |||
YTD period charge-offs, prior | 0 | 0 | |||
YTD period charge-offs, revolving | 0 | 0 | |||
YTD period charge-offs, converted to term loan | 0 | 0 | |||
YTD period charge-offs | 93 | 0 | |||
YTD period recoveries, Current fiscal year | 0 | 0 | 0 | ||
YTD period recoveries, Fiscal year before current | 0 | 0 | 0 | ||
YTD period recoveries, Two fiscal year before current | 0 | 0 | 0 | ||
YTD period recoveries, Three fiscal year before current | 0 | 0 | 0 | ||
YTD period recoveries, Four fiscal year before current | 0 | 0 | 0 | ||
YTD period recoveries, Five fiscal year before current | 0 | 0 | 0 | ||
YTD period recoveries, Revolving | 0 | 0 | 0 | ||
YTD period recoveries, Revolving converted to term loans | 0 | 0 | |||
YTD period recoveries | 0 | 0 | |||
Net, Current fiscal year | 0 | 0 | 0 | ||
Net, Fiscal year before current | 0 | 0 | 0 | ||
Net, Two fiscal year before current | 0 | 0 | 0 | ||
Net, Three fiscal year before current | (93) | (93) | 0 | ||
Net, Four fiscal year before current | 0 | 0 | 0 | ||
Net, Five fiscal year before current | 0 | 0 | 0 | ||
Net, Revolving | 0 | 0 | 0 | ||
Net, Revolving converted to term loans | 0 | 0 | |||
Net | (93) | 0 | |||
Net recoveries (charge-offs), Current fiscal year | 0 | 0 | 0 | ||
Single Family Residential Mortgages Loans [Member] | Pass [Member] | |||||
Current fiscal year | 147,380 | 147,380 | 637,893 | ||
Fiscal year before current | 601,539 | 601,539 | 255,529 | ||
Two fiscal year before current | 243,372 | 243,372 | 137,964 | ||
Three fiscal year before current | 127,839 | 127,839 | 96,355 | ||
Four fiscal year before current | 85,342 | 85,342 | 134,415 | ||
Five fiscal year before current | 276,884 | 276,884 | 182,893 | ||
Revolving | 1,813 | 1,813 | 2,992 | ||
Revolving converted to term loans | 0 | 0 | 0 | ||
Loans, gross | 1,484,169 | 1,484,169 | 1,448,041 | ||
Single Family Residential Mortgages Loans [Member] | Special Mention [Member] | |||||
Current fiscal year | 0 | 0 | 0 | ||
Fiscal year before current | 0 | 0 | 0 | ||
Two fiscal year before current | 0 | 0 | 0 | ||
Three fiscal year before current | 0 | 0 | 0 | ||
Four fiscal year before current | 0 | 0 | 3,925 | ||
Five fiscal year before current | 3,862 | 3,862 | 0 | ||
Revolving | 0 | 0 | 0 | ||
Revolving converted to term loans | 0 | 0 | 0 | ||
Loans, gross | 3,862 | 3,862 | 3,925 | ||
Single Family Residential Mortgages Loans [Member] | Substandard [Member] | |||||
Current fiscal year | 0 | 0 | 0 | ||
Fiscal year before current | 455 | 455 | 0 | ||
Two fiscal year before current | 0 | 0 | 3,954 | ||
Three fiscal year before current | 4,868 | 4,868 | 0 | ||
Four fiscal year before current | 545 | 545 | 7,631 | ||
Five fiscal year before current | 11,323 | 11,323 | 452 | ||
Revolving | 85 | 85 | 105 | ||
Revolving converted to term loans | 0 | 0 | 0 | ||
Loans, gross | 17,276 | 17,276 | 12,142 | ||
Single Family Residential Mortgages Loans [Member] | Doubtful [Member] | |||||
Current fiscal year | 0 | 0 | 0 | ||
Fiscal year before current | 0 | 0 | 0 | ||
Two fiscal year before current | 0 | 0 | 0 | ||
Three fiscal year before current | 0 | 0 | 0 | ||
Four fiscal year before current | 0 | 0 | 0 | ||
Five fiscal year before current | 0 | 0 | 0 | ||
Revolving | 0 | 0 | 0 | ||
Revolving converted to term loans | 0 | 0 | 0 | ||
Loans, gross | 0 | 0 | 0 | ||
Commercial and Industrial [Member] | |||||
Current fiscal year | 1,524 | 1,524 | 8,038 | ||
Fiscal year before current | 3,539 | 3,539 | 13,500 | ||
Two fiscal year before current | 6,582 | 6,582 | 6,048 | ||
Three fiscal year before current | 4,454 | 4,454 | 3,486 | ||
Four fiscal year before current | 2,196 | 2,196 | 2,654 | ||
Five fiscal year before current | 11,912 | 11,912 | 26,971 | ||
Revolving | 97,448 | 97,448 | 140,440 | ||
Revolving converted to term loans | 0 | 0 | 86 | ||
Loans, gross | 127,655 | 127,655 | 201,223 | ||
YTD period charge-offs, current | 0 | 0 | |||
YTD period charge-offs, one year before | 0 | 0 | |||
YTD period charge-offs, two years before | 0 | 0 | |||
YTD period charge-offs, three years before | 0 | 5 | |||
YTD period charge-offs, four years before | 0 | 0 | |||
YTD period charge-offs, prior | 0 | 0 | |||
YTD period charge-offs, revolving | 0 | 0 | |||
YTD period charge-offs, converted to term loan | 0 | 0 | |||
YTD period charge-offs | 0 | 5 | |||
YTD period recoveries, Current fiscal year | 0 | 0 | 0 | ||
YTD period recoveries, Fiscal year before current | 0 | 0 | 0 | ||
YTD period recoveries, Two fiscal year before current | 0 | 0 | 0 | ||
YTD period recoveries, Three fiscal year before current | 0 | 0 | 0 | ||
YTD period recoveries, Four fiscal year before current | 0 | 0 | 0 | ||
YTD period recoveries, Five fiscal year before current | 2 | 2 | 2 | ||
YTD period recoveries, Revolving | 0 | 0 | 0 | ||
YTD period recoveries, Revolving converted to term loans | 0 | 0 | |||
YTD period recoveries | 2 | 2 | |||
Net, Current fiscal year | 0 | 0 | 0 | ||
Net, Fiscal year before current | 0 | 0 | 0 | ||
Net, Two fiscal year before current | 0 | 0 | 0 | ||
Net, Three fiscal year before current | 0 | 0 | (5) | ||
Net, Four fiscal year before current | 0 | 0 | 0 | ||
Net, Five fiscal year before current | 2 | 2 | 2 | ||
Net, Revolving | 0 | 0 | 0 | ||
Net, Revolving converted to term loans | 0 | 0 | |||
Net | 2 | (3) | |||
Net recoveries (charge-offs), Current fiscal year | 0 | 0 | 0 | ||
Commercial and Industrial [Member] | Pass [Member] | |||||
Current fiscal year | 1,524 | 1,524 | 8,038 | ||
Fiscal year before current | 3,448 | 3,448 | 7,513 | ||
Two fiscal year before current | 6,582 | 6,582 | 4,448 | ||
Three fiscal year before current | 3,021 | 3,021 | 3,470 | ||
Four fiscal year before current | 2,186 | 2,186 | 1,016 | ||
Five fiscal year before current | 6,943 | 6,943 | 8,827 | ||
Revolving | 93,638 | 93,638 | 129,483 | ||
Revolving converted to term loans | 0 | 0 | 86 | ||
Loans, gross | 117,342 | 117,342 | 162,881 | ||
Commercial and Industrial [Member] | Special Mention [Member] | |||||
Current fiscal year | 0 | 0 | 0 | ||
Fiscal year before current | 0 | 0 | 5,987 | ||
Two fiscal year before current | 0 | 0 | 0 | ||
Three fiscal year before current | 0 | 0 | 0 | ||
Four fiscal year before current | 0 | 0 | 1,638 | ||
Five fiscal year before current | 0 | 0 | 17,805 | ||
Revolving | 2,632 | 2,632 | 3,577 | ||
Revolving converted to term loans | 0 | 0 | 0 | ||
Loans, gross | 2,632 | 2,632 | 29,007 | ||
Commercial and Industrial [Member] | Substandard [Member] | |||||
Current fiscal year | 0 | 0 | 0 | ||
Fiscal year before current | 91 | 91 | 0 | ||
Two fiscal year before current | 0 | 0 | 1,600 | ||
Three fiscal year before current | 1,433 | 1,433 | 16 | ||
Four fiscal year before current | 10 | 10 | 0 | ||
Five fiscal year before current | 4,969 | 4,969 | 339 | ||
Revolving | 1,175 | 1,175 | 7,380 | ||
Revolving converted to term loans | 0 | 0 | 0 | ||
Loans, gross | 7,678 | 7,678 | 9,335 | ||
Commercial and Industrial [Member] | Doubtful [Member] | |||||
Current fiscal year | 0 | 0 | 0 | ||
Fiscal year before current | 0 | 0 | 0 | ||
Two fiscal year before current | 0 | 0 | 0 | ||
Three fiscal year before current | 0 | 0 | 0 | ||
Four fiscal year before current | 0 | 0 | 0 | ||
Five fiscal year before current | 0 | 0 | 0 | ||
Revolving | 3 | 3 | 0 | ||
Revolving converted to term loans | 0 | 0 | 0 | ||
Loans, gross | 3 | 3 | 0 | ||
SBA Loans [Member] | |||||
Current fiscal year | 2,812 | 2,812 | 14,922 | ||
Fiscal year before current | 11,066 | 11,066 | 10,664 | ||
Two fiscal year before current | 10,476 | 10,476 | 6,496 | ||
Three fiscal year before current | 3,079 | 3,079 | 4,779 | ||
Four fiscal year before current | 4,692 | 4,692 | 3,596 | ||
Five fiscal year before current | 18,295 | 18,295 | 20,954 | ||
Revolving | 0 | 0 | 0 | ||
Revolving converted to term loans | 0 | 0 | 0 | ||
Loans, gross | 50,420 | 50,420 | 61,411 | ||
YTD period charge-offs, current | 0 | 0 | |||
YTD period charge-offs, one year before | 0 | 0 | |||
YTD period charge-offs, two years before | 0 | 0 | |||
YTD period charge-offs, three years before | 0 | 0 | |||
YTD period charge-offs, four years before | 0 | 0 | |||
YTD period charge-offs, prior | 62 | 14 | |||
YTD period charge-offs, revolving | 0 | 0 | |||
YTD period charge-offs, converted to term loan | 0 | 0 | |||
YTD period charge-offs | 62 | 14 | |||
YTD period recoveries, Current fiscal year | 0 | 0 | 0 | ||
YTD period recoveries, Fiscal year before current | 0 | 0 | 0 | ||
YTD period recoveries, Two fiscal year before current | 0 | 0 | 0 | ||
YTD period recoveries, Three fiscal year before current | 0 | 0 | 0 | ||
YTD period recoveries, Four fiscal year before current | 0 | 0 | 0 | ||
YTD period recoveries, Five fiscal year before current | 0 | 0 | 227 | ||
YTD period recoveries, Revolving | 0 | 0 | 0 | ||
YTD period recoveries, Revolving converted to term loans | 0 | 0 | |||
YTD period recoveries | 0 | 227 | |||
Net, Current fiscal year | 0 | 0 | 0 | ||
Net, Fiscal year before current | 0 | 0 | 0 | ||
Net, Two fiscal year before current | 0 | 0 | 0 | ||
Net, Three fiscal year before current | 0 | 0 | 0 | ||
Net, Four fiscal year before current | 0 | 0 | 0 | ||
Net, Five fiscal year before current | (62) | (62) | 213 | ||
Net, Revolving | 0 | 0 | 0 | ||
Net, Revolving converted to term loans | 0 | 0 | |||
Net | (62) | 213 | |||
Net recoveries (charge-offs), Current fiscal year | 0 | 0 | 0 | ||
SBA Loans [Member] | Pass [Member] | |||||
Current fiscal year | 2,812 | 2,812 | 14,922 | ||
Fiscal year before current | 11,066 | 11,066 | 10,664 | ||
Two fiscal year before current | 10,146 | 10,146 | 6,496 | ||
Three fiscal year before current | 3,079 | 3,079 | 4,688 | ||
Four fiscal year before current | 4,607 | 4,607 | 2,579 | ||
Five fiscal year before current | 13,934 | 13,934 | 16,793 | ||
Revolving | 0 | 0 | 0 | ||
Revolving converted to term loans | 0 | 0 | 0 | ||
Loans, gross | 45,644 | 45,644 | 56,142 | ||
SBA Loans [Member] | Special Mention [Member] | |||||
Current fiscal year | 0 | 0 | 0 | ||
Fiscal year before current | 0 | 0 | 0 | ||
Two fiscal year before current | 330 | 330 | 0 | ||
Three fiscal year before current | 0 | 0 | 0 | ||
Four fiscal year before current | 0 | 0 | 0 | ||
Five fiscal year before current | 0 | 0 | 0 | ||
Revolving | 0 | 0 | 0 | ||
Revolving converted to term loans | 0 | 0 | 0 | ||
Loans, gross | 330 | 330 | 0 | ||
SBA Loans [Member] | Substandard [Member] | |||||
Current fiscal year | 0 | 0 | 0 | ||
Fiscal year before current | 0 | 0 | 0 | ||
Two fiscal year before current | 0 | 0 | 0 | ||
Three fiscal year before current | 0 | 0 | 91 | ||
Four fiscal year before current | 85 | 85 | 1,017 | ||
Five fiscal year before current | 4,361 | 4,361 | 4,161 | ||
Revolving | 0 | 0 | 0 | ||
Revolving converted to term loans | 0 | 0 | 0 | ||
Loans, gross | 4,446 | 4,446 | 5,269 | ||
SBA Loans [Member] | Doubtful [Member] | |||||
Current fiscal year | 0 | 0 | 0 | ||
Fiscal year before current | 0 | 0 | 0 | ||
Two fiscal year before current | 0 | 0 | 0 | ||
Three fiscal year before current | 0 | 0 | 0 | ||
Four fiscal year before current | 0 | 0 | 0 | ||
Five fiscal year before current | 0 | 0 | 0 | ||
Revolving | 0 | 0 | 0 | ||
Revolving converted to term loans | 0 | 0 | 0 | ||
Loans, gross | 0 | 0 | 0 | ||
Other Loans [Member] | |||||
Current fiscal year | 204 | 204 | 4,329 | ||
Fiscal year before current | 3,113 | 3,113 | 14,732 | ||
Two fiscal year before current | 9,362 | 9,362 | 1,515 | ||
Three fiscal year before current | 847 | 847 | 90 | ||
Four fiscal year before current | 39 | 39 | 7 | ||
Five fiscal year before current | 0 | 0 | 0 | ||
Revolving | 17 | 17 | 26 | ||
Revolving converted to term loans | 0 | 0 | 0 | ||
Loans, gross | 13,582 | 13,582 | 20,699 | ||
YTD period charge-offs, current | 0 | 0 | |||
YTD period charge-offs, one year before | 79 | 237 | |||
YTD period charge-offs, two years before | 199 | 0 | |||
YTD period charge-offs, three years before | 10 | 0 | |||
YTD period charge-offs, four years before | 0 | 0 | |||
YTD period charge-offs, prior | 0 | 0 | |||
YTD period charge-offs, revolving | 0 | 0 | |||
YTD period charge-offs, converted to term loan | 0 | 0 | |||
YTD period charge-offs | 288 | 237 | |||
YTD period recoveries, Current fiscal year | 0 | 0 | 0 | ||
YTD period recoveries, Fiscal year before current | 0 | 0 | 27 | ||
YTD period recoveries, Two fiscal year before current | 46 | 46 | 2 | ||
YTD period recoveries, Three fiscal year before current | 1 | 1 | 0 | ||
YTD period recoveries, Four fiscal year before current | 0 | 0 | 0 | ||
YTD period recoveries, Five fiscal year before current | 0 | 0 | 0 | ||
YTD period recoveries, Revolving | 0 | 0 | 0 | ||
YTD period recoveries, Revolving converted to term loans | 0 | 0 | |||
YTD period recoveries | 47 | 29 | |||
Net, Current fiscal year | 0 | 0 | 0 | ||
Net, Fiscal year before current | (79) | (79) | (210) | ||
Net, Two fiscal year before current | (153) | (153) | 2 | ||
Net, Three fiscal year before current | (9) | (9) | 0 | ||
Net, Four fiscal year before current | 0 | 0 | 0 | ||
Net, Five fiscal year before current | 0 | 0 | 0 | ||
Net, Revolving | 0 | 0 | 0 | ||
Net, Revolving converted to term loans | 0 | 0 | |||
Net | (241) | (208) | |||
Net recoveries (charge-offs), Current fiscal year | 0 | 0 | 0 | ||
Other Loans [Member] | Pass [Member] | |||||
Current fiscal year | 204 | 204 | 4,224 | ||
Fiscal year before current | 3,002 | 3,002 | 14,684 | ||
Two fiscal year before current | 9,326 | 9,326 | 1,505 | ||
Three fiscal year before current | 839 | 839 | 90 | ||
Four fiscal year before current | 39 | 39 | 7 | ||
Five fiscal year before current | 0 | 0 | 0 | ||
Revolving | 17 | 17 | 26 | ||
Revolving converted to term loans | 0 | 0 | 0 | ||
Loans, gross | 13,427 | 13,427 | 20,536 | ||
Other Loans [Member] | Special Mention [Member] | |||||
Current fiscal year | 0 | 0 | 0 | ||
Fiscal year before current | 0 | 0 | 0 | ||
Two fiscal year before current | 0 | 0 | 0 | ||
Three fiscal year before current | 0 | 0 | 0 | ||
Four fiscal year before current | 0 | 0 | 0 | ||
Five fiscal year before current | 0 | 0 | 0 | ||
Revolving | 0 | 0 | 0 | ||
Revolving converted to term loans | 0 | 0 | 0 | ||
Loans, gross | 0 | 0 | 0 | ||
Other Loans [Member] | Substandard [Member] | |||||
Current fiscal year | 0 | 0 | 105 | ||
Fiscal year before current | 111 | 111 | 48 | ||
Two fiscal year before current | 36 | 36 | 10 | ||
Three fiscal year before current | 8 | 8 | 0 | ||
Four fiscal year before current | 0 | 0 | 0 | ||
Five fiscal year before current | 0 | 0 | 0 | ||
Revolving | 0 | 0 | 0 | ||
Revolving converted to term loans | 0 | 0 | 0 | ||
Loans, gross | 155 | 155 | 163 | ||
Other Loans [Member] | Doubtful [Member] | |||||
Current fiscal year | 0 | 0 | 0 | ||
Fiscal year before current | 0 | 0 | 0 | ||
Two fiscal year before current | 0 | 0 | 0 | ||
Three fiscal year before current | 0 | 0 | 0 | ||
Four fiscal year before current | 0 | 0 | 0 | ||
Five fiscal year before current | 0 | 0 | 0 | ||
Revolving | 0 | 0 | 0 | ||
Revolving converted to term loans | 0 | 0 | 0 | ||
Loans, gross | $ 0 | $ 0 | $ 0 |
Note 5 - Loans and Allowance _7
Note 5 - Loans and Allowance for Credit Losses - Aging of Recorded Investment (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 | |
Loans, gross | $ 3,120,952 | $ 3,336,449 | |
Non-accrual Loans | [1] | 40,146 | 22,323 |
Financial Asset, 30 to 59 Days Past Due [Member] | |||
Loans, gross | 20,358 | 13,626 | |
Financial Asset, 60 to 89 Days Past Due [Member] | |||
Loans, gross | 4,063 | 4,433 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |||
Loans, gross | 23,306 | 6,766 | |
Financial Asset, Past Due [Member] | |||
Loans, gross | 47,727 | 24,825 | |
Financial Asset, Not Past Due [Member] | |||
Loans, gross | 3,073,225 | 3,311,624 | |
Commercial Real Estate Portfolio Segment [Member] | |||
Loans, gross | 1,164,210 | 1,312,132 | |
Non-accrual Loans | 20,330 | 13,189 | |
Commercial Real Estate Portfolio Segment [Member] | Construction And Land Development Loans [Member] | |||
Loans, gross | 259,778 | 276,876 | |
Non-accrual Loans | [1] | 128 | 141 |
Commercial Real Estate Portfolio Segment [Member] | Construction And Land Development Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | |||
Loans, gross | 0 | 0 | |
Commercial Real Estate Portfolio Segment [Member] | Construction And Land Development Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | |||
Loans, gross | 0 | 0 | |
Commercial Real Estate Portfolio Segment [Member] | Construction And Land Development Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |||
Loans, gross | 128 | 141 | |
Commercial Real Estate Portfolio Segment [Member] | Construction And Land Development Loans [Member] | Financial Asset, Past Due [Member] | |||
Loans, gross | 128 | 141 | |
Commercial Real Estate Portfolio Segment [Member] | Construction And Land Development Loans [Member] | Financial Asset, Not Past Due [Member] | |||
Loans, gross | 259,650 | 276,735 | |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate [Member] | |||
Loans, gross | 1,164,210 | 1,312,132 | |
Non-accrual Loans | [1] | 20,330 | 13,189 |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | |||
Loans, gross | 16,450 | 558 | |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | |||
Loans, gross | 0 | 240 | |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |||
Loans, gross | 9,800 | 1,191 | |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate [Member] | Financial Asset, Past Due [Member] | |||
Loans, gross | 26,250 | 1,989 | |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate [Member] | Financial Asset, Not Past Due [Member] | |||
Loans, gross | 1,137,960 | 1,310,143 | |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Mortgages Loans [Member] | |||
Loans, gross | 1,505,307 | 1,464,108 | |
Non-accrual Loans | [1] | 16,868 | 5,936 |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Mortgages Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | |||
Loans, gross | 3,531 | 12,764 | |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Mortgages Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | |||
Loans, gross | 3,919 | 2,555 | |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Mortgages Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |||
Loans, gross | 10,829 | 4,100 | |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Mortgages Loans [Member] | Financial Asset, Past Due [Member] | |||
Loans, gross | 18,279 | 19,419 | |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Mortgages Loans [Member] | Financial Asset, Not Past Due [Member] | |||
Loans, gross | 1,487,028 | 1,444,689 | |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Mortgages Loans, Held for Sale [Member] | |||
Loans, gross | 62 | ||
Non-accrual Loans | [1] | 0 | |
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Mortgages Loans, Held for Sale [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | |||
Loans, gross | 0 | ||
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Mortgages Loans, Held for Sale [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | |||
Loans, gross | 0 | ||
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Mortgages Loans, Held for Sale [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |||
Loans, gross | 0 | ||
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Mortgages Loans, Held for Sale [Member] | Financial Asset, Past Due [Member] | |||
Loans, gross | 0 | ||
Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Mortgages Loans, Held for Sale [Member] | Financial Asset, Not Past Due [Member] | |||
Loans, gross | 62 | ||
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | |||
Loans, gross | 127,655 | 201,223 | |
Non-accrual Loans | [1] | 761 | 713 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | |||
Loans, gross | 244 | 0 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | |||
Loans, gross | 0 | 545 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |||
Loans, gross | 517 | 7 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Financial Asset, Past Due [Member] | |||
Loans, gross | 761 | 552 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Financial Asset, Not Past Due [Member] | |||
Loans, gross | 126,894 | 200,671 | |
Commercial Portfolio Segment [Member] | Small Business Administration Agency Securities [Member] | |||
Loans, gross | 50,420 | 61,411 | |
Non-accrual Loans | [1] | 2,009 | 2,245 |
Commercial Portfolio Segment [Member] | Small Business Administration Agency Securities [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | |||
Loans, gross | 72 | 150 | |
Commercial Portfolio Segment [Member] | Small Business Administration Agency Securities [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | |||
Loans, gross | 129 | 1,017 | |
Commercial Portfolio Segment [Member] | Small Business Administration Agency Securities [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |||
Loans, gross | 2,009 | 1,228 | |
Commercial Portfolio Segment [Member] | Small Business Administration Agency Securities [Member] | Financial Asset, Past Due [Member] | |||
Loans, gross | 2,210 | 2,395 | |
Commercial Portfolio Segment [Member] | Small Business Administration Agency Securities [Member] | Financial Asset, Not Past Due [Member] | |||
Loans, gross | 48,210 | 59,016 | |
Commercial Portfolio Segment [Member] | Other Loans [Member] | |||
Loans, gross | 13,582 | 20,699 | |
Non-accrual Loans | [1] | 50 | 99 |
Commercial Portfolio Segment [Member] | Other Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | |||
Loans, gross | 61 | 154 | |
Commercial Portfolio Segment [Member] | Other Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | |||
Loans, gross | 15 | 76 | |
Commercial Portfolio Segment [Member] | Other Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |||
Loans, gross | 23 | 99 | |
Commercial Portfolio Segment [Member] | Other Loans [Member] | Financial Asset, Past Due [Member] | |||
Loans, gross | 99 | 329 | |
Commercial Portfolio Segment [Member] | Other Loans [Member] | Financial Asset, Not Past Due [Member] | |||
Loans, gross | $ 13,483 | $ 20,370 | |
[1]Included in total loans. |
Note 5 - Loans and Allowance _8
Note 5 - Loans and Allowance for Credit Losses - Schedule of Financing Receivables, Nonaccrual Status (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 | |
Nonaccrual with no allowance for credit loss | $ 38,731 | $ 10,277 | |
Non-accrual Loans | [1] | 40,146 | 22,323 |
Construction And Land Development Loans [Member] | |||
Nonaccrual with no allowance for credit loss | 128 | 141 | |
Non-accrual Loans | 128 | 141 | |
Commercial Real Estate Portfolio Segment [Member] | |||
Nonaccrual with no allowance for credit loss | 20,330 | 1,191 | |
Non-accrual Loans | 20,330 | 13,189 | |
Single Family Residential Mortgages Loans [Member] | |||
Nonaccrual with no allowance for credit loss | 16,868 | 5,936 | |
Non-accrual Loans | 16,868 | 5,936 | |
Commercial and Industrial [Member] | |||
Nonaccrual with no allowance for credit loss | 517 | 713 | |
Non-accrual Loans | 761 | 713 | |
SBA Loans [Member] | |||
Nonaccrual with no allowance for credit loss | 861 | 2,245 | |
Non-accrual Loans | 2,009 | 2,245 | |
Other Loans [Member] | |||
Nonaccrual with no allowance for credit loss | 27 | 51 | |
Non-accrual Loans | $ 50 | $ 99 | |
[1]Included in total loans. |
Note 6 - Loan Servicing (Detail
Note 6 - Loan Servicing (Details Textual) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2023 USD ($) | Sep. 30, 2022 USD ($) | Sep. 30, 2023 USD ($) | Sep. 30, 2022 USD ($) | Dec. 31, 2022 USD ($) | |
Servicing Asset | $ 8,439,000 | $ 8,439,000 | $ 9,521,000 | ||
Loan Servicing Fees Net of Amortization | 623,000 | $ 724,000 | 1,959,000 | $ 1,628,000 | |
Mortgages [Member] | |||||
Servicing Asset | 16,600,000 | 16,600,000 | 18,300,000 | ||
Small Business Administration Loans [Member] | |||||
Servicing Asset | $ 2,900,000 | $ 2,900,000 | $ 3,500,000 | ||
Measurement Input, Prepayment Rate [Member] | |||||
Servicing Asset, Measurement Input | 0.0759 | 0.0759 | 0.0771 | ||
Measurement Input, Mortgage Rate [Member] | |||||
Servicing Asset, Measurement Input | 0.0728 | 0.0728 | 0.0648 | ||
Measurement Input, Risk Free Interest Rate [Member] | Weighted Average [Member] | |||||
Servicing Asset, Measurement Input | 0.0423 | 0.0423 | 0.0414 |
Note 6 - Loan Servicing - Sched
Note 6 - Loan Servicing - Schedule of Principal Balances of Mortgage and SBA Loans Serviced for Others (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Mortgages [Member] | ||
Loans serviced for others | $ 1,041,352 | $ 1,127,668 |
Small Business Administration Loans [Member] | ||
Loans serviced for others | 102,605 | 119,893 |
Commerical Real Estate Loans [Member] | ||
Loans serviced for others | 3,933 | 3,991 |
Construction Loans [Member] | ||
Loans serviced for others | $ 4,388 | $ 3,677 |
Note 6 - Loan Servicing - Sch_2
Note 6 - Loan Servicing - Schedule of Amortization of Mortgage Servicing Rights Netted Against Loan Servicing Fee Income (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Mortgages [Member] | ||||
Beginning of period | $ 6,856 | $ 7,966 | $ 7,354 | $ 8,748 |
Additions | 112 | 49 | 139 | 497 |
Disposals | (82) | (151) | (255) | (715) |
Amortized to expense | (171) | (229) | (523) | (895) |
End of period | 6,715 | 7,635 | 6,715 | 7,635 |
Small Business Administration Loans [Member] | ||||
Beginning of period | 1,846 | 2,490 | 2,167 | 2,769 |
Additions | 46 | 46 | 47 | 230 |
Disposals | (103) | (28) | (274) | (299) |
Amortized to expense | (65) | (89) | (216) | (281) |
End of period | $ 1,724 | $ 2,419 | $ 1,724 | $ 2,419 |
Note 7 - Goodwill and Intangi_3
Note 7 - Goodwill and Intangibles (Details Textual) - USD ($) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | Dec. 31, 2022 | |
Goodwill, Ending Balance | $ 71,498,000 | $ 71,498,000 | $ 71,498,000 | ||
Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount | 9.60% | 9.60% | |||
Goodwill, Impairment Loss | $ 0 | ||||
Amortization of Intangible Assets | $ 1,976,000 | $ 3,023,000 | |||
Core Deposits [Member] | |||||
Finite-Lived Intangible Assets, Gross | 3,000,000 | 3,000,000 | 3,700,000 | ||
Amortization of Intangible Assets | $ 236,000 | $ 277,000 | $ 708,000 | $ 833,000 | |
Core Deposits [Member] | Minimum [Member] | |||||
Finite-Lived Intangible Asset, Useful Life (Year) | 8 years | 8 years | |||
Core Deposits [Member] | Maximum [Member] | |||||
Finite-Lived Intangible Asset, Useful Life (Year) | 10 years | 10 years |
Note 7 - Goodwill and Intangi_4
Note 7 - Goodwill and Intangible Assets - Maturity Schedule for Amortization Expense (Details) - Core Deposits [Member] $ in Thousands | Sep. 30, 2023 USD ($) |
Remainder of 2023, amortization expense | $ 215 |
2024, amortization expense | 784 |
2025, amortization expense | 672 |
2026, amortization expense | 501 |
2027, amortization expense | 417 |
Thereafter, amortization expense | 421 |
Total | $ 3,010 |
Note 8 - Deposits (Details Text
Note 8 - Deposits (Details Textual) - USD ($) $ in Millions | Sep. 30, 2023 | Dec. 31, 2022 |
Brokered Time Deposits | $ 320.7 | $ 255 |
Note 8 - Deposits - Schedule of
Note 8 - Deposits - Schedule of Maturities of Time Deposits (Details) $ in Thousands | Sep. 30, 2023 USD ($) |
One year, 250,000 and under | $ 1,229,527 |
One year, over 250,000 | 733,866 |
One year | 1,963,393 |
Two to three years, 250,000 and under | 7,537 |
Two to three years, over 250,000 | 1,662 |
Two to three years | 9,199 |
Over three years, 250,000 and under | 767 |
Over three years, over 250,000 | 300 |
Over three years | 1,067 |
Total, 250,000 and under | 1,237,831 |
Total, over 250,000 | 735,828 |
Total | $ 1,973,659 |
Note 9 - Long-term Debt (Detail
Note 9 - Long-term Debt (Details Textual) - USD ($) $ in Millions | 1 Months Ended | ||||
Dec. 01, 2023 | Mar. 31, 2021 | Nov. 30, 2018 | Sep. 30, 2023 | Dec. 31, 2022 | |
Debt Instrument, Face Amount | $ 175 | $ 175 | |||
Six Point One Eight Percent Fixed To Floating Rate Subordinated Debentures Due December First Two Thousands Twenty Eight [Member] | |||||
Debt Instrument, Face Amount | $ 55 | 55 | 55 | ||
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate | 6.18% | ||||
Banking Regulation, Common Equity Tier One Risk-Based Capital, Actual | $ 25 | ||||
Six Point One Eight Percent Fixed To Floating Rate Subordinated Debentures Due December First Two Thousands Twenty Eight [Member] | Forecast [Member] | |||||
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed | 100% | ||||
Six Point One Eight Percent Fixed To Floating Rate Subordinated Debentures Due December First Two Thousands Twenty Eight [Member] | London Interbank Offered Rate [Member] | |||||
Debt Instrument, Basis Spread on Variable Rate | 3.15% | ||||
Four Percent Fixed To Floating Rate Subordinated Debentures Due April First Two Thousand Thirty One [Member] | |||||
Debt Instrument, Face Amount | $ 120 | $ 120 | $ 120 | ||
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate | 4% | ||||
Four Percent Fixed To Floating Rate Subordinated Debentures Due April First Two Thousand Thirty One [Member] | Secured Overnight Financing Rate (SOFR) [Member] | |||||
Debt Instrument, Basis Spread on Variable Rate | 3.29% |
Note 9 - Long-term Debt - Sched
Note 9 - Long-term Debt - Schedule of Long-term Debt (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 | Mar. 31, 2021 | Nov. 30, 2018 |
Principal | $ 175,000 | $ 175,000 | ||
Unamortized debt issuance costs | 981 | 1,415 | ||
Six Point One Eight Percent Fixed To Floating Rate Subordinated Debentures Due December First Two Thousands Twenty Eight [Member] | ||||
Principal | 55,000 | 55,000 | $ 55,000 | |
Unamortized debt issuance costs | 33 | 180 | ||
Four Percent Fixed To Floating Rate Subordinated Debentures Due April First Two Thousand Thirty One [Member] | ||||
Principal | 120,000 | 120,000 | $ 120,000 | |
Unamortized debt issuance costs | $ 948 | $ 1,235 |
Note 9 - Long-term Debt - Sch_2
Note 9 - Long-term Debt - Schedule of Interest and Amortization Expense (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Interest | $ 2,050 | $ 2,050 | $ 6,149 | $ 6,149 |
Amortization | $ 145 | $ 145 | $ 434 | $ 434 |
Note 10 - Subordinated Debent_2
Note 10 - Subordinated Debentures (Details Textual) | 1 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||||
Oct. 01, 2018 | Jan. 31, 2020 USD ($) shares | Oct. 31, 2018 USD ($) shares | Sep. 30, 2023 USD ($) $ / shares | Sep. 30, 2022 USD ($) | Sep. 30, 2023 USD ($) $ / shares shares | Sep. 30, 2022 USD ($) | Dec. 31, 2022 USD ($) | |
Debt Instrument, Face Amount | $ 175,000,000 | $ 175,000,000 | $ 175,000,000 | |||||
Interest Expense, Debt | 2,050,000 | $ 2,050,000 | 6,149,000 | $ 6,149,000 | ||||
Subordinated Debt [Member] | ||||||||
Interest Expense, Debt | 330,000 | 178,000 | 921,000 | 407,000 | ||||
Debt Amortization Expense | 55,000 | $ 55,000 | 164,000 | $ 164,000 | ||||
TFC Statutory Trust [Member] | Other Assets [Member] | ||||||||
Common Stock Held in Trust | 155,000 | 155,000 | ||||||
TFC Statutory Trust [Member] | Fair Value, Inputs, Level 1 [Member] | ||||||||
Subordinated Debt Obligations, Fair Value Disclosure | 3,300,000 | 3,300,000 | ||||||
TFC Statutory Trust [Member] | Subordinated Debt [Member] | ||||||||
Debt Instrument, Face Amount | 5,000,000 | 5,000,000 | ||||||
SEC Schedule, 12-09, Valuation Allowances and Reserves, Amount, Ending Balance | $ 1,900,000 | $ 1,900,000 | ||||||
Debt Instrument Redemption, Percentage of Principal Amount Outstanding | 100% | |||||||
Debt Instrument, Maximum Number Of Period For Deferred Interest Payments (Year) | 5 years | |||||||
Debt Instrument, Interest Rate, Effective Percentage | 7.32% | 7.32% | 6.42% | |||||
TFC Statutory Trust [Member] | Subordinated Debt [Member] | Tenor Spread Adjustment [Member] | ||||||||
Debt Instrument, Basis Spread on Variable Rate | 0.26% | |||||||
TFC Statutory Trust [Member] | Subordinated Debt [Member] | Secured Overnight Financing Rate (SOFR) [Member] | ||||||||
Debt Instrument, Basis Spread on Variable Rate | 1.65% | |||||||
TFC Statutory Trust [Member] | Subordinated Debt [Member] | London Interbank Offered Rate [Member] | ||||||||
Debt Instrument, Basis Spread on Variable Rate | 1.65% | |||||||
TFC Statutory Trust [Member] | Private Placement [Member] | ||||||||
Number of Trust Preferred Securities (in shares) | shares | 5,000 | |||||||
Trust Preferred Securities Lquidation Amount Per Preferred Security (in dollars per share) | $ / shares | $ 1,000 | $ 1,000 | ||||||
First American International Statutory Trust I 1[Member] | ||||||||
Common Unit, Issued (in shares) | shares | 7,000 | |||||||
Floating Rate Maturity Period (Year) | 30 years | |||||||
Common Unit Liquidation Preference Value | $ 7,000,000 | |||||||
First American International Statutory Trust I 1[Member] | Other Assets [Member] | ||||||||
Debt Instrument, Face Amount | 7,200,000 | |||||||
Common Stock Held in Trust | 217,000 | |||||||
First American International Statutory Trust I 1[Member] | Subordinated Debt [Member] | ||||||||
SEC Schedule, 12-09, Valuation Allowances and Reserves, Amount, Ending Balance | $ 1,200,000 | |||||||
Debt Instrument, Maximum Number Of Period For Deferred Interest Payments (Year) | 5 years | |||||||
Debt Instrument, Interest Rate, Effective Percentage | 7.92% | 7.92% | 7.02% | |||||
First American International Statutory Trust I 1[Member] | Subordinated Debt [Member] | Tenor Spread Adjustment [Member] | ||||||||
Debt Instrument, Basis Spread on Variable Rate | 0.26% | |||||||
First American International Statutory Trust I 1[Member] | Subordinated Debt [Member] | Secured Overnight Financing Rate (SOFR) [Member] | ||||||||
Debt Instrument, Basis Spread on Variable Rate | 2.25% | |||||||
PGB Holdings Inc And Banking Subsidiary Pacific Global Bank [Member] | ||||||||
Common Unit, Issued (in shares) | shares | 5,000 | |||||||
Common Unit Liquidation Preference Value | $ 5,000,000 | |||||||
Number of Common Securities | 155 | |||||||
Common Securities Liquidation Preference Value | $ 155,000 | |||||||
PGB Holdings Inc And Banking Subsidiary Pacific Global Bank [Member] | Subordinated Debt [Member] | ||||||||
Debt Instrument, Face Amount | 5,200,000 | |||||||
SEC Schedule, 12-09, Valuation Allowances and Reserves, Amount, Ending Balance | $ 763,000 | |||||||
Debt Instrument, Maximum Number Of Period For Deferred Interest Payments (Year) | 5 years | |||||||
Debt Instrument, Interest Rate, Effective Percentage | 7.77% | 7.77% | 6.87% | |||||
PGB Holdings Inc And Banking Subsidiary Pacific Global Bank [Member] | Subordinated Debt [Member] | Tenor Spread Adjustment [Member] | ||||||||
Debt Instrument, Basis Spread on Variable Rate | 0.26% | |||||||
PGB Holdings Inc And Banking Subsidiary Pacific Global Bank [Member] | Subordinated Debt [Member] | Secured Overnight Financing Rate (SOFR) [Member] | ||||||||
Debt Instrument, Basis Spread on Variable Rate | 2.10% |
Note 11 - Borrowing Arrangeme_2
Note 11 - Borrowing Arrangements (Details Textual) - USD ($) | 3 Months Ended | 9 Months Ended | ||||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | May 03, 2023 | Dec. 31, 2022 | |
Financing Receivable, before Allowance for Credit Loss | $ 3,120,952,000 | $ 3,120,952,000 | $ 3,336,449,000 | |||
Long-Term Federal Home Loan Bank Advances | $ 150,000,000 | $ 150,000,000 | ||||
Federal Home Loan Bank, Advances, Activity for Year, Average Interest Rate at Period End | 1.18% | 1.18% | ||||
Advances from Federal Home Loan Banks, Total | $ 150,000,000 | $ 150,000,000 | 220,000,000 | |||
State of California [Member] | ||||||
Interest-Bearing Domestic Deposit, Certificates of Deposits | $ 30,000,000 | |||||
Federal Home Loan Bank Advances [Member] | ||||||
Debt Instrument, Term (Year) | 5 years | |||||
Interest Paid, Including Capitalized Interest, Operating and Investing Activities | 440,000 | $ 1,000,000 | $ 2,400,000 | $ 2,000,000 | ||
Federal Reserve Bank of San Francisco Secured Line of Credit [Member] | ||||||
Line of Credit Facility, Maximum Borrowing Capacity | 41,900,000 | 41,900,000 | ||||
Federal Reserve Bank of San Francisco Secured Line of Credit [Member] | Asset Pledged as Collateral [Member] | ||||||
Financing Receivable, before Allowance for Credit Loss | 63,300,000 | 63,300,000 | ||||
Federal Home Loan Bank Secured Line of Credit [Member] | ||||||
Line of Credit Facility, Maximum Borrowing Capacity | 1,100,000,000 | 1,100,000,000 | ||||
Federal Home Loan Bank Secured Line of Credit [Member] | Asset Pledged as Collateral [Member] | ||||||
Financing Receivable, before Allowance for Credit Loss | 1,500,000,000 | 1,500,000,000 | ||||
Federal Home Loan Bank Overnight Advances [Member] | ||||||
Long-Term Federal Home Loan Bank Advances | 0 | 0 | ||||
Advances from Federal Home Loan Banks, Total | 0 | 0 | $ 0 | |||
Letters of Credit Outstanding, Amount | $ 30,000,000 | |||||
Other Financial Institutions [Member] | ||||||
Line of Credit Facility, Maximum Borrowing Capacity | 92,000,000 | 92,000,000 | ||||
Wells Fargo Bank [Member] | Line of Credit [Member] | ||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 2,000,000 | $ 2,000,000 |
Note 12 - Income Taxes (Details
Note 12 - Income Taxes (Details Textual) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Income Tax Expense (Benefit) | $ 3,611,000 | $ 6,398,000 | $ 12,752,000 | $ 19,297,000 |
Effective Income Tax Rate Reconciliation, Percent | 29.90% | 27.80% | 29.60% | 29.20% |
Employee Service Share Based Compensation Tax Charge (Benefit) from Exercise Of Stock Options | $ 0 | $ 276,000 | $ 5,000 | $ 578,000 |
Note 13 - Commitments (Details
Note 13 - Commitments (Details Textual) - USD ($) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | Dec. 31, 2022 | |
Off-Balance-Sheet, Credit Loss, Liability | $ 654,000 | $ 654,000 | $ 1,200,000 | ||
Off-Balance-Sheet, Credit Loss, Liability, Credit Loss Expense (Reversal) | $ 144,000 | $ 28,000 | $ 503,000 | $ 162,000 |
Note 13 - Commitments - Schedul
Note 13 - Commitments - Schedule of Financial Commitments Represents Credit Risk (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2023 | Dec. 31, 2022 | |
Financial commitments, contractual amount, fixed rate | $ 198,379 | |
Financial commitments, contractual amount, variable rate | $ 345,524 | |
Standby Letters of Credit [Member] | ||
Financial commitments, contractual amount, fixed rate | 2,687 | |
Financial commitments, contractual amount, variable rate | 2,638 | |
Commitments to Make Loans [Member] | ||
Financial commitments, contractual amount, fixed rate | 85,170 | |
Financial commitments, contractual amount, variable rate | 129,821 | |
Unused lines of Credit [Member] | ||
Financial commitments, contractual amount, fixed rate | 106,670 | |
Financial commitments, contractual amount, variable rate | 211,044 | |
Commercial And Similar Letters Of Credit [Member] | ||
Financial commitments, contractual amount, fixed rate | $ 3,852 | |
Financial commitments, contractual amount, variable rate | $ 2,021 |
Note 14 - Leases (Details Textu
Note 14 - Leases (Details Textual) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Operating Lease, Expense | $ 1,500,000 | $ 1,400,000 | $ 4,300,000 | $ 4,000,000 |
Operating Lease, Lease Income | $ 144,000 | $ 106,000 | $ 425,000 | $ 376,000 |
Note 14 - Leases - Future Minim
Note 14 - Leases - Future Minimum Rent Payments (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
2023 remaining, future minimum lease payments | $ 956 | |
2024, future minimum lease payments | 4,884 | |
2025, future minimum lease payments | 4,762 | |
2026, future minimum lease payments | 4,884 | |
2027, future minimum lease payments | 4,816 | |
Thereafter | 14,564 | |
Total | 34,866 | |
Less amount of payment representing interest | (3,601) | |
Total present value of lease payments | $ 31,265 | $ 26,523 |
Note 14 - Leases - Operating Le
Note 14 - Leases - Operating Lease (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
ROU assets | $ 29,949 | $ 25,447 |
Total present value of lease payments | $ 31,265 | $ 26,523 |
Weighted-average remaining lease term (in years) (Year) | 7 years 10 months 28 days | 7 years 10 months 28 days |
Weighted-average discount rate | 2.95% | 2.19% |
Note 15 - Related Party Trans_3
Note 15 - Related Party Transactions (Details Textual) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 | Dec. 31, 2021 |
Loans and Leases Receivable, Related Parties | $ 0 | $ 6,869 | $ 8,441 |
Executive Officers, Directors and their Related Interests [Member] | |||
Unfunded Loan Commitments, Available To Related Parties | 0 | 1,600 | |
Principal Officers, Directors and their Affiliates [Member] | |||
Related Party Deposit Liabilities | 22,500 | $ 88,100 | |
Directors and Their Affiliates [Member] | |||
Loans and Leases Receivable, Related Parties | $ 6,000 |
Note 15 - Related Party Trans_4
Note 15 - Related Party Transactions - Loans to Principal Officers, Directors, and Their Affiliates (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2023 | Dec. 31, 2022 | |
Beginning balance | $ 6,869 | $ 8,441 |
Repayments | 0 | (1,572) |
Balance re-categorized to non-related party | (6,869) | 0 |
Ending balance | $ 0 | $ 6,869 |
Note 16 - Stock-based Compens_3
Note 16 - Stock-based Compensation (Details Textual) - USD ($) | 3 Months Ended | 9 Months Ended | ||||||
Jan. 18, 2023 | May 17, 2017 | Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | Dec. 31, 2022 | Jan. 31, 2017 | |
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Nonvested, Number of Shares (in shares) | 101,671 | 107,005 | 101,671 | 107,005 | 127,005 | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Option, Nonvested, Weighted Average Exercise Price (in dollars per share) | $ 5.21 | $ 4.37 | $ 5.21 | $ 4.37 | $ 4.69 | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested, Number of Shares (in shares) | 50,334 | 62,495 | ||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested in Period, Fair Value | $ 643,000 | $ 1,300,000 | ||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period (in shares) | 0 | 217,932 | 9,153 | 442,308 | ||||
Proceeds from Stock Options Exercised | $ 2,600,000 | $ 159,000 | $ 5,436,000 | |||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period, Intrinsic Value | 2,100,000 | 25,000 | 3,900,000 | |||||
Share-Based Payment Arrangement, Option [Member] | ||||||||
Share-Based Payment Arrangement, Expense | $ 59,000 | 72,000 | 190,000 | 228,000 | ||||
Share-Based Payment Arrangement, Expense, Tax Benefit | 0 | 276,000 | 5,000 | 578,000 | ||||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount | $ 375,000 | 332,000 | $ 375,000 | 332,000 | ||||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year) | 2 years | |||||||
Stock Options One [Member] | ||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Nonvested, Number of Shares (in shares) | 30,000 | 30,000 | ||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Option, Nonvested, Weighted Average Exercise Price (in dollars per share) | $ 19.87 | $ 19.87 | ||||||
Stock Options Two [Member] | ||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Nonvested, Number of Shares (in shares) | 50,334 | 50,334 | ||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Option, Nonvested, Weighted Average Exercise Price (in dollars per share) | $ 18.07 | $ 18.07 | ||||||
Stock Options Three [Member] | ||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Nonvested, Number of Shares (in shares) | 0 | 0 | ||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Nonvested Options Forfeited, Number of Shares (in shares) | 5,000 | |||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Nonvested Options Forfeited, Weighted Average Grant Date Fair Value (in dollars per share) | $ 17.74 | |||||||
Restricted Stock Units (RSUs) [Member] | ||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 32,248 | |||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number (in shares) | 26,660 | 26,660 | 14,786 | |||||
Restricted Stock Units (RSUs) [Member] | Directors and Executive Officers [Member] | ||||||||
Share-Based Payment Arrangement, Expense | $ 84,000 | 202,000 | $ 420,000 | 357,000 | ||||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount | $ 422,000 | $ 320,000 | $ 422,000 | $ 320,000 | ||||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year) | 1 year 4 months 24 days | |||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 32,248 | |||||||
Share Based Compensation Arrangement by Share Based Payment Award, Equity Instruments Other Than Options, Granted at Closing Price (in dollars per share) | $ 20.46 | |||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year) | 1 year | |||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number (in shares) | 26,660 | 26,660 | ||||||
Stock Option Plan 2010 [Member] | ||||||||
Share Based Compensation, Arrangement By Share Based Payment Award, Common Stock Reserved As Percentage Of Issued And Outstanding | 30% | |||||||
Common Stock, Capital Shares Reserved for Future Issuance (in shares) | 3,494,478 | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized (in shares) | 0 | |||||||
The 2017 Omnibus Stock Incentive Plan [Member] | ||||||||
Share Based Compensation, Arrangement By Share Based Payment Award, Common Stock Reserved As Percentage Of Issued And Outstanding | 30% | |||||||
Common Stock, Capital Shares Reserved for Future Issuance (in shares) | 3,848,341 | |||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant (in shares) | 1,018,673 | 1,018,673 | ||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Percentage of Outstanding Stock Maximum | 5.40% |
Note 16 - Stock-based Compens_4
Note 16 - Stock-based Compensation - Schedule of Weighted Average Assumption for Fair Value of Option Grant Estimated Using Black-Scholes Option Pricing Model (Details) - $ / shares | 1 Months Ended | ||
Mar. 31, 2023 | Dec. 31, 2022 | May 31, 2022 | |
Expected volatility | 28.40% | 28.90% | 29.50% |
Expected term (years) (Year) | 8 years | 8 years | 6 years |
Expected dividends | 2.92% | 2.55% | 2.52% |
Risk free rate | 4.27% | 4% | 2.71% |
Grant date fair value (in dollars per share) | $ 5.49 | $ 6.16 | $ 5.28 |
Note 16 - Stock-based Compens_5
Note 16 - Stock-based Compensation - Summary of Awards Pursuant to Stock Option Plans (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Beginning Balance, Shares (in shares) | 454,610 | |||
Outstanding at beginning of year (in dollars per share) | $ 16.97 | |||
Granted, Shares (in shares) | 30,000 | |||
Granted, Weighted Average Exercise Price (in dollars per share) | $ 19.87 | |||
Exercised, Shares (in shares) | 0 | (217,932) | (9,153) | (442,308) |
Exercised, Weighted Average Exercise Price (in dollars per share) | $ 17.38 | |||
Forfeited/cancelled, Shares (in shares) | (37,304) | |||
Forfeited/cancelled, Weighted Average Exercise Price (in dollars per share) | $ 11.15 | |||
Balance, Shares (in shares) | 438,153 | 438,153 | ||
Outstanding, Weighted Average Exercise Price (in dollars per share) | $ 17.66 | $ 17.66 | ||
Outstanding at end of period, weighted average remaining contractual term (Year) | 4 years 4 months 20 days | |||
Outstanding at end of period, aggregate intrinsic value | $ 0 | $ 0 | ||
Options exercisable, Shares (in shares) | 336,482 | 336,482 | ||
Options exercisable, Weighted Average Exercise Price (in dollars per share) | $ 17.06 | $ 17.06 | ||
Options exercisable, Weighted Average Remaining Contractual Term (Year) | 3 years 1 month 9 days | |||
Options exercisable, Aggregate Intrinsic Value | $ 0 | $ 0 |
Note 16 - Stock-based Compens_6
Note 16 - Stock-based Compensation - Restricted Stock Activity (Details) - Restricted Stock Units (RSUs) [Member] | 9 Months Ended |
Sep. 30, 2023 $ / shares shares | |
Outstanding at beginning of year (in shares) | shares | 14,786 |
Outstanding at beginning of year, weighted-average grant date fair value (in dollars per share) | $ / shares | $ 27.16 |
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | shares | 32,248 |
Granted, weighted-average grant date fair value (in dollars per share) | $ / shares | $ 20.46 |
Vested (in shares) | shares | (20,374) |
Vested, weighted-average grant date fair value (in dollars per share) | $ / shares | $ 23.35 |
Forfeited/cancelled (in shares) | shares | 0 |
Forfeited/cancelled (in dollars per share) | $ / shares | $ 0 |
Outstanding at end of period (in shares) | shares | 26,660 |
Outstanding at end of period, weighted-average grant date fair value (in dollars per share) | $ / shares | $ 21.97 |
Note 17 - Regulatory Matters (D
Note 17 - Regulatory Matters (Details Textual) $ in Billions | Sep. 30, 2023 USD ($) |
Required Assets To Liabilities Ratio After Dividend Effect | 1.25 |
Minimum [Member] | |
Regulatory Assets, Total | $ 3 |
Note 17 - Regulatory Matters -
Note 17 - Regulatory Matters - Summary of Company and Bank Continue to Exceed Regulatory Capital Minimum Requirements and Bank Continues to Exceed Well Capitalized Standards (Details) $ in Thousands | Sep. 30, 2023 USD ($) | Dec. 31, 2022 USD ($) |
RBB Bancorp [Member] | ||
Tier 1 Leverage Ratio, Amount | $ 469,453 | $ 446,776 |
Tier 1 Leverage Ratio, Ratio | 0.1168 | 0.1167 |
Tier 1 Leverage Ratio, Minimum Required for Capital Adequacy Purposes Amount | $ 160,744 | $ 153,116 |
Tier 1 Leverage Ratio, Minimum Required for Capital Adequacy Purposes Ratio | 0.04 | 0.04 |
Common Equity Tier 1 Risk-Based Capital Ratio, Amount | $ 454,569 | $ 432,056 |
Common Equity Tier 1 Risk-Based Capital Ratio, Ratio | 0.1765 | 0.1603 |
Common Equity Tier 1 Risk-Based Capital Ratio, Minimum Required for Capital Adequacy Purposes Amount | $ 115,916 | $ 121,291 |
Common Equity Tier 1 Risk-Based Capital Ratio, Minimum Required for Capital Adequacy Purposes Ratio | 4.50% | 4.50% |
Tier 1 Risk-Based Capital Ratio, Amount | $ 469,453 | $ 446,776 |
Tier 1 Risk-Based Capital Ratio, Ratio | 0.1822 | 0.1658 |
Tier 1 Risk-Based Capital Ratio, Minimum Required for Capital Adequacy Purposes Amount | $ 154,554 | $ 161,722 |
Tier 1 Risk-Based Capital Ratio, Minimum Required for Capital Adequacy Purposes Ratio | 0.06 | 0.06 |
Total Risk-Based Capital Ratio, Amount | $ 675,805 | $ 654,159 |
Total Risk-Based Capital Ratio, Ratio | 0.2624 | 0.2427 |
Total Risk-Based Capital Ratio, Minimum Required for Capital Adequacy Purposes Amount | $ 206,072 | $ 215,629 |
Total Risk-Based Capital Ratio, Minimum Required for Capital Adequacy Purposes Ratio | 0.08 | 0.08 |
Royal Business Bank [Member] | ||
Tier 1 Leverage Ratio, Amount | $ 561,797 | $ 569,071 |
Tier 1 Leverage Ratio, Ratio | 0.1399 | 0.1489 |
Tier 1 Leverage Ratio, Minimum Required for Capital Adequacy Purposes Amount | $ 160,666 | $ 152,900 |
Tier 1 Leverage Ratio, Minimum Required for Capital Adequacy Purposes Ratio | 0.04 | 0.04 |
Tier 1 Leverage Ratio, Minimum Required Plus Capital Conservation Buffer Fully Phased-In Amount | $ 200,833 | $ 191,124 |
Tier 1 Leverage Ratio, Minimum Required Plus Capital Conservation Buffer Fully Phased-In Ratio | 5% | 5% |
Common Equity Tier 1 Risk-Based Capital Ratio, Amount | $ 561,797 | $ 569,071 |
Common Equity Tier 1 Risk-Based Capital Ratio, Ratio | 0.2183 | 0.2114 |
Common Equity Tier 1 Risk-Based Capital Ratio, Minimum Required for Capital Adequacy Purposes Amount | $ 115,791 | $ 121,110 |
Common Equity Tier 1 Risk-Based Capital Ratio, Minimum Required for Capital Adequacy Purposes Ratio | 4.50% | 4.50% |
Common Equity Tier 1 Risk-Based Capital Ratio, Minimum Required Plus Capital Conversation Buffer Fully Phased-In, Amount | $ 167,254 | $ 174,937 |
Common Equity Tier 1 Risk-Based Capital Ratio, Minimum Required Plus Capital Conversation Buffer Fully Phased-In, Ratio | 0.065 | 0.065 |
Tier 1 Risk-Based Capital Ratio, Amount | $ 561,797 | $ 569,071 |
Tier 1 Risk-Based Capital Ratio, Ratio | 0.2183 | 0.2114 |
Tier 1 Risk-Based Capital Ratio, Minimum Required for Capital Adequacy Purposes Amount | $ 154,389 | $ 161,481 |
Tier 1 Risk-Based Capital Ratio, Minimum Required for Capital Adequacy Purposes Ratio | 0.06 | 0.06 |
Tier 1 Risk-Based Capital Ratio, Minimum Required Plus Capital Conversation Buffer Fully Phased-In, Amount | $ 205,851 | $ 215,307 |
Tier 1 Risk-Based Capital Ratio, Minimum Required Plus Capital Conversation Buffer Fully Phased-In, Ratio | 8% | 8% |
Total Risk-Based Capital Ratio, Amount | $ 594,096 | $ 602,819 |
Total Risk-Based Capital Ratio, Ratio | 0.2309 | 0.224 |
Total Risk-Based Capital Ratio, Minimum Required for Capital Adequacy Purposes Amount | $ 205,851 | $ 215,307 |
Total Risk-Based Capital Ratio, Minimum Required for Capital Adequacy Purposes Ratio | 0.08 | 0.08 |
Total Risk-Based Capital Ratio, Minimum Required Plus Capital Conversation Buffer Fully Phased-In, Amount | $ 257,314 | $ 269,134 |
Total Risk-Based Capital Ratio, Minimum Required Plus Capital Conversation Buffer Fully Phased-In, Ratio | 10% | 10% |
Note 18 - Fair Value Measurem_3
Note 18 - Fair Value Measurements and Fair Value of Financial Instruments (Details Textual) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
Sep. 01, 2023 USD ($) | Sep. 30, 2023 USD ($) $ / item | Sep. 30, 2022 USD ($) | Sep. 30, 2023 USD ($) $ / item | Sep. 30, 2022 USD ($) | Dec. 31, 2022 USD ($) | |
Financing Receivables, Collateral Dependent, Write-down | $ 2,600,000 | |||||
Write Down on Other Real Estate Owned | 0 | $ 0 | ||||
Other Real Estate, Disposals | $ 293,000 | |||||
Gains (Losses) on Sales of Other Real Estate | $ 190,000 | $ 190,000 | $ 0 | 190,000 | $ 0 | |
Fair Value, Recurring [Member] | ||||||
Assets, Fair Value Disclosure | 354,403,000 | 354,403,000 | 256,848,000 | |||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||||||
Assets, Fair Value Disclosure | 25,000 | 25,000 | 18,000 | |||
Measurement Input, Margin Cost Rate [Member] | Interest Rate Lock Contracts and Forward Mortgage Loan Sale Contracts [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||||||
Derivative Asset | $ 25,000 | 25,000 | 18,000 | |||
Unrealized Gain (Loss) on Derivatives | $ 7,000 | |||||
Minimum [Member] | Interest Rate Lock Contracts and Forward Mortgage Loan Sale Contracts [Member] | ||||||
Derivative, Buy Price (in USD per Per Share) | $ / item | 99 | 99 | ||||
Derivative, Sale Price (in USD per Per Share) | $ / item | 99 | 99 | ||||
Minimum [Member] | Measurement Input, Margin Cost Rate [Member] | Interest Rate Lock Contracts and Forward Mortgage Loan Sale Contracts [Member] | Fair Value, Inputs, Level 3 [Member] | ||||||
Derivative Asset, Measurement Input | 0.005 | 0.005 | ||||
Maximum [Member] | Interest Rate Lock Contracts and Forward Mortgage Loan Sale Contracts [Member] | ||||||
Derivative, Buy Price (in USD per Per Share) | $ / item | 100 | 100 | ||||
Derivative, Sale Price (in USD per Per Share) | $ / item | 102 | 102 | ||||
Maximum [Member] | Measurement Input, Margin Cost Rate [Member] | Interest Rate Lock Contracts and Forward Mortgage Loan Sale Contracts [Member] | Fair Value, Inputs, Level 3 [Member] | ||||||
Derivative Asset, Measurement Input | 0.005 | 0.005 | ||||
Other Real Estate Owned [Member] | Minimum [Member] | Measurement Input, Comparability Adjustment [Member] | ||||||
Alternative Investment, Measurement Input | 0.05 | 0.05 | ||||
Other Real Estate Owned [Member] | Maximum [Member] | Measurement Input, Comparability Adjustment [Member] | ||||||
Alternative Investment, Measurement Input | 0.06 | 0.06 | ||||
Other Real Estate Owned [Member] | Single-Family Residences [Member] | ||||||
Assets, Fair Value Disclosure | $ 284,000 | $ 284,000 | $ 577,000 |
Note 18 - Fair Value Measurem_4
Note 18 - Fair Value Measurements and Fair Value of Financial Instruments - Schedule of Major Category of Assets and Liabilities (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Fair Value, Recurring [Member] | ||
Assets measured at fair value | $ 354,403 | $ 256,848 |
Fair Value, Recurring [Member] | Forward Mortgage Loan Sale Contracts [Member] | ||
Assets measured at fair value | 18 | |
Liabilitiies measured at fair value | 16 | |
Fair Value, Recurring [Member] | Interest Rate Lock Contracts [Member] | ||
Liabilitiies measured at fair value | 9 | |
Fair Value, Recurring [Member] | US Government Agencies Debt Securities [Member] | ||
Assets measured at fair value | 7,894 | 4,495 |
Fair Value, Recurring [Member] | Small Business Administration Agency Securities [Member] | ||
Assets measured at fair value | 7,261 | 2,411 |
Fair Value, Recurring [Member] | Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Assets measured at fair value | 33,437 | 42,928 |
Fair Value, Recurring [Member] | Collateralized Mortgage Obligations [Member] | ||
Assets measured at fair value | 138,694 | 111,593 |
Fair Value, Recurring [Member] | Commercial Paper [Member] | ||
Assets measured at fair value | 129,073 | 49,537 |
Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | ||
Assets measured at fair value | 29,806 | 37,012 |
Fair Value, Recurring [Member] | Municipal Securities [Member] | ||
Assets measured at fair value | 8,213 | 8,854 |
Fair Value, Nonrecurring [Member] | Other Real Estate Owned [Member] | ||
Assets measured at fair value | 284 | 577 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | ||
Assets measured at fair value | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Forward Mortgage Loan Sale Contracts [Member] | ||
Assets measured at fair value | 0 | |
Liabilitiies measured at fair value | 0 | |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Interest Rate Lock Contracts [Member] | ||
Liabilitiies measured at fair value | 0 | |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | US Government Agencies Debt Securities [Member] | ||
Assets measured at fair value | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Small Business Administration Agency Securities [Member] | ||
Assets measured at fair value | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Assets measured at fair value | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Collateralized Mortgage Obligations [Member] | ||
Assets measured at fair value | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Commercial Paper [Member] | ||
Assets measured at fair value | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | ||
Assets measured at fair value | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Municipal Securities [Member] | ||
Assets measured at fair value | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Nonrecurring [Member] | Other Real Estate Owned [Member] | ||
Assets measured at fair value | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | ||
Assets measured at fair value | 354,378 | 256,830 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Forward Mortgage Loan Sale Contracts [Member] | ||
Assets measured at fair value | 0 | |
Liabilitiies measured at fair value | 0 | |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Interest Rate Lock Contracts [Member] | ||
Liabilitiies measured at fair value | 0 | |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | US Government Agencies Debt Securities [Member] | ||
Assets measured at fair value | 7,894 | 4,495 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Small Business Administration Agency Securities [Member] | ||
Assets measured at fair value | 7,261 | 2,411 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Assets measured at fair value | 33,437 | 42,928 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Collateralized Mortgage Obligations [Member] | ||
Assets measured at fair value | 138,694 | 111,593 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Commercial Paper [Member] | ||
Assets measured at fair value | 129,073 | 49,537 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | ||
Assets measured at fair value | 29,806 | 37,012 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Municipal Securities [Member] | ||
Assets measured at fair value | 8,213 | 8,854 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Nonrecurring [Member] | Other Real Estate Owned [Member] | ||
Assets measured at fair value | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | ||
Assets measured at fair value | 25 | 18 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Forward Mortgage Loan Sale Contracts [Member] | ||
Assets measured at fair value | 18 | |
Liabilitiies measured at fair value | 16 | |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Interest Rate Lock Contracts [Member] | ||
Liabilitiies measured at fair value | 9 | |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | US Government Agencies Debt Securities [Member] | ||
Assets measured at fair value | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Small Business Administration Agency Securities [Member] | ||
Assets measured at fair value | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Assets measured at fair value | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Collateralized Mortgage Obligations [Member] | ||
Assets measured at fair value | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Commercial Paper [Member] | ||
Assets measured at fair value | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | ||
Assets measured at fair value | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Municipal Securities [Member] | ||
Assets measured at fair value | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Other Real Estate Owned [Member] | ||
Assets measured at fair value | $ 284 | $ 577 |
Note 18 - Fair Value Measurem_5
Note 18 - Fair Value Measurements and Fair Value of Financial Instruments - Schedule of Fair Value Hierarchy Level and Estimated Fair Value of Significant Financial Instruments (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Investment securities - AFS | $ 354,378 | $ 256,830 |
Investment securities - HTM | 4,750 | 5,563 |
Fair Value, Inputs, Level 1 [Member] | Reported Value Measurement [Member] | ||
Cash and due from banks | 330,791 | 83,548 |
Interest-earning deposits in other financial institutions | 600 | 600 |
Mortgage loans held for sale | 62 | 0 |
Accrued Interest Receivable | 14,008 | 14,536 |
Accrued Interest Payable | 11,333 | 3,711 |
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member] | ||
Cash and due from banks | 330,791 | 83,548 |
Interest-earning deposits in other financial institutions | 600 | 600 |
Mortgage loans held for sale | 57 | 0 |
Accrued Interest Receivable | 14,008 | 14,536 |
Accrued Interest Payable | 11,333 | 3,711 |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | ||
Investment securities - AFS | 354,378 | 256,830 |
Investment securities - HTM | 5,214 | 5,729 |
Servicing assets | 8,439 | 9,521 |
Deposits | 3,154,072 | 2,977,683 |
FHLB advances | 150,000 | 220,000 |
Long-term debt | 174,019 | 173,585 |
Subordinated debentures | 14,884 | 14,720 |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | ||
Investment securities - AFS | 354,378 | 256,830 |
Investment securities - HTM | 4,750 | 5,563 |
Servicing assets | 19,486 | 21,712 |
Deposits | 3,120,299 | 2,960,529 |
FHLB advances | 142,576 | 210,470 |
Long-term debt | 130,154 | 132,709 |
Subordinated debentures | 14,561 | 14,195 |
Fair Value, Inputs, Level 3 [Member] | Interest Rate Lock Contracts [Member] | ||
Derivative assets, notional amount | 9 | 0 |
Derivative assets | 9 | 0 |
Fair Value, Inputs, Level 3 [Member] | Forward Mortgage Loan Sale Contracts [Member] | ||
Derivative assets, notional amount | 16 | 18 |
Derivative assets | 16 | 18 |
Fair Value, Inputs, Level 3 [Member] | Reported Value Measurement [Member] | ||
Loans, net | 3,078,522 | 3,295,373 |
Equity securities | 22,235 | 22,238 |
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member] | ||
Loans, net | 3,023,903 | 3,251,464 |
Equity securities | $ 22,235 | $ 22,238 |
Note 19 - Earnings Per Share (D
Note 19 - Earnings Per Share (Details Textual) - Common Stock [Member] - shares | 9 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Share-Based Payment Arrangement, Option [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares) | 362,500 | 15,000 |
Restricted Stock Units (RSUs) [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares) | 26,660 |
Note 19 - Earnings Per Share -
Note 19 - Earnings Per Share - Reconciliation of Net Income and Shares Outstanding to Income and Number of Shares Used to Compute EPS (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Net income | $ 8,473 | $ 16,652 | $ 30,392 | $ 46,746 |
Shares outstanding, shares (in shares) | 18,995,303 | 19,011,672 | 18,995,303 | 19,011,672 |
Impact of weighting shares, shares (in shares) | 0 | (23,229) | (3,724) | 131,060 |
Used in basic EPS, income | $ 8,473 | $ 16,652 | $ 30,392 | $ 46,712 |
Used in basic EPS, shares (in shares) | 18,995,303 | 18,988,443 | 18,991,579 | 19,142,732 |
Stock options, shares (in shares) | 2,001 | 125,684 | ||
Restricted Stock Unit, shares (in shares) | 0 | 16,320 | ||
Used in dilutive EPS, income | $ 8,473 | $ 16,652 | $ 30,392 | $ 46,712 |
Used in dilutive EPS, shares (in shares) | 18,997,304 | 19,130,447 | 19,013,838 | 19,415,558 |
Basic (in dollars per share) | $ 0.45 | $ 0.88 | $ 1.6 | $ 2.44 |
Diluted (in dollars per share) | $ 0.45 | $ 0.87 | $ 1.6 | $ 2.41 |
Less: Earnings allocated to participating securities, income | $ 0 | $ (34) | ||
Share-Based Payment Arrangement, Option [Member] | ||||
Stock options, shares (in shares) | 17,633 | 249,115 | ||
Restricted Stock Units (RSUs) [Member] | ||||
Stock options, shares (in shares) | 4,626 | 23,711 |
Note 20 - Revenue From Contra_3
Note 20 - Revenue From Contracts With Customers - Summary of Revenue From Contracts With Customers In-scope and Not In-scope under Topic 606 (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | ||
Total in-scope non-interest income | $ 1,482 | $ 1,214 | $ 4,105 | $ 4,435 | |
Gain on sale of OREO and fixed assets | 222 | 0 | 222 | 757 | |
Noninterest income, not in scope (3) | [1] | 1,288 | 1,321 | 3,520 | 4,464 |
Noninterest Income | 2,770 | 2,535 | 7,625 | 8,899 | |
Fees And Service Charges On Deposit Accounts [Member] | |||||
Total in-scope non-interest income | [2] | 500 | 508 | 1,534 | 1,582 |
Other Fees [Member] | |||||
Total in-scope non-interest income | [2],[3] | 202 | 157 | 682 | 474 |
Other Service Income [Member] | |||||
Total in-scope non-interest income | [2],[4] | $ 558 | $ 549 | $ 1,667 | $ 1,622 |
[1]The amounts primarily represent revenue from contracts with customers that are out of scope of ASC 606: Net loan servicing income, letter of credit commissions, import/export commissions, recoveries on purchased loans, BOLI income, and gains (losses) on sales of mortgage loans, loans and investment securities.[2]There were no adjustments to the Company's financial statements recorded as a result of the adoption of ASC 606.[3]Other fees consists of wealth management fees, miscellaneous loan fees and postage/courier fees.[4]Other income consists of safe deposit box rental income, wire transfer fees, security brokerage fees, annuity sales, insurance activity and OREO income. |
Note 21 - Qualified Affordabl_2
Note 21 - Qualified Affordable Housing Project Investments (Details Textual) - USD ($) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | Dec. 31, 2022 | |
Amortization Method Qualified Affordable Housing Project Investments | $ 6,700,000 | $ 6,700,000 | $ 7,600,000 | ||
Qualified Affordable Housing Project Investments, Commitment | 2,500,000 | 2,500,000 | $ 2,600,000 | ||
Amortization Method Qualified Affordable Housing Project Investments, Amortization | $ 282,000 | $ 268,000 | $ 846,000 | $ 778,000 | |
Minimum [Member] | |||||
Affordable Housing Tax Credits Commitment, Year to be Paid | 2023 | ||||
Maximum [Member] | |||||
Affordable Housing Tax Credits Commitment, Year to be Paid | 2038 |
Note 22 - Subsequent Events (De
Note 22 - Subsequent Events (Details Textual) - $ / shares | 3 Months Ended | 9 Months Ended | |||
Oct. 19, 2023 | Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Common Stock, Dividends, Per Share, Declared (in dollars per share) | $ 0.16 | $ 0.14 | $ 0.48 | $ 0.42 | |
Subsequent Event [Member] | |||||
Common Stock, Dividends, Per Share, Declared (in dollars per share) | $ 0.16 | ||||
Dividends Payable, Date Declared | Oct. 19, 2023 | ||||
Dividends Payable, Date to be Paid | Nov. 10, 2023 | ||||
Dividends Payable, Date of Record | Oct. 30, 2023 |