BayFirst Financial (BAFN) 10-Q 13 May 22 2022 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2022	May 11, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2022
Document Transition Report	false
Entity File Number	001-41068
Entity Registrant Name	BAYFIRST FINANCIAL CORP.
Entity Incorporation, State or Country Code	FL
Entity Tax Identification Number	59-3665079
Entity Address, Address Line One	700 Central Avenue
Entity Address, City or Town	St. Petersburg
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33701
City Area Code	727
Local Phone Number	440-6848
Title of 12(b) Security	Common stock
Trading Symbol	BAFN
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		4,013,036
Entity Central Index Key	0001649739
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
ASSETS
Cash and due from banks	$ 3,141	$ 2,869
Interest-bearing deposits in banks	118,960	106,858
Cash and cash equivalents	122,101	109,727
Time deposits in banks	3,881	2,381
Investment securities available for sale	41,656	30,893
Investment securities held to maturity	2	2
Restricted equity securities, at cost	2,520	2,827
Residential loans held for sale	75,022	114,131
SBA loans held for investment, at fair value	8,769	9,614
Loans held for investment, at amortized cost net of allowance for loan losses of $10,170 and $13,452	542,858	560,882
Accrued interest receivable	3,150	3,564
Premises and equipment, net	31,037	29,671
Loan servicing rights	7,601	6,619
Deferred income taxes	490	454
Right-of-use operating lease assets	4,166	4,543
Bank owned life insurance	24,698	24,547
Other assets	19,145	15,780
Total assets	888,541	917,095
Liabilities:
Noninterest-bearing deposits	92,680	83,638
Interest-bearing transaction accounts	180,815	163,495
Savings and money market deposits	464,847	423,864
Time deposits	31,787	50,688
Total deposits	770,129	721,685
Subordinated debentures	5,987	5,985
Notes payable	3,186	3,299
PPP Liquidity Facility	0	69,654
Accrued interest payable	86	326
Operating lease liabilities	4,377	4,747
Accrued expenses and other liabilities	9,897	15,109
Total liabilities	793,662	820,805
Shareholders’ equity:
Common stock and additional paid-in capital; no par value, 15,000,000 shares authorized, 4,013,173 and 3,981,117 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively	52,252	51,496
Accumulated other comprehensive loss, net	(1,458)	(420)
Unearned compensation	(630)	(17)
Retained earnings	35,431	35,947
Total shareholders’ equity	94,879	96,290
Total liabilities and shareholders’ equity	888,541	917,095
Government Guaranteed Loans
ASSETS
Government guaranteed loans held for sale	1,445	1,460
Preferred Stock, Series A
Shareholders’ equity:
Preferred stock	6,161	6,161
Preferred Stock, Series B
Shareholders’ equity:
Preferred stock	$ 3,123	$ 3,123

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Interest income:
Loans, including fees	$ 7,555	$ 14,811
Interest-bearing deposits in banks and other	185	81
Total interest income	7,740	14,892
Interest expense:
Deposits	1,217	1,320
Borrowings	117	942
Total interest expense	1,334	2,262
Net interest income	6,406	12,630
Provision for loan losses	(2,400)	2,000
Net interest income after provision for loan losses	8,806	10,630
Noninterest income:
Residential loan fee income	13,191	32,029
Loan servicing income, net	461	704
Gain on sale of government guaranteed loans, net	4,621	0
Service charges and fees	282	222
Other noninterest income	510	132
Total noninterest income	18,868	33,159
Noninterest expense:
Salaries and benefits	13,697	13,167
Bonus, commissions, and incentives	4,606	11,873
Mortgage banking	1,002	1,695
Occupancy and equipment	1,421	1,332
Data processing	1,467	1,269
Marketing and business development	1,742	1,642
Professional services	1,307	924
Loan origination and collection	670	496
Employee recruiting and development	871	614
Regulatory assessments	69	102
Other noninterest expense	795	607
Total noninterest expense	27,647	33,721
Income before income tax expense (benefit)	27	10,068
Income tax expense (benefit)	14	2,557
Net income (loss)	13	7,511
Less: Preferred stock dividends	208	332
Net income (loss attributable to) available to common shareholders	$ (195)	$ 7,179
Basic earnings (loss) per common share (in USD per share)	$ (0.05)	$ 2.05
Dilutive earnings (loss) per common share (in USD per share)	$ (0.05)	$ 1.82
SBA Loan
SBA loan fair value gain (loss)	$ (197)	$ 72
Interest income:
Total interest income	85	132
Noninterest income:
Gain on sale of government guaranteed loans, net	$ 4,621	$ 0

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands		Total	Common Stock	Preferred StockPreferred Stock, Series A	Preferred StockPreferred Stock, Series B	Common Stock and Additional Paid-in Capital		Common Stock and Additional Paid-in CapitalCommon Stock		Accumulated Other Comprehensive Income (Loss)	Unearned Compensation	Retained Earnings
Beginning balance (in shares) at Dec. 31, 2020				6,395	8,760	3,485,018	[1]
Beginning balance at Dec. 31, 2020		$ 71,069		$ 6,161	$ 8,516	$ 43,043				$ 0	$ (41)	$ 13,390
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income		7,511										7,511
Issuance of common stock under non-qualified stock purchase plan (in shares)	[1]					13,142
Issuance of common stock under non-qualified stock purchase plan		$ 207				$ 207
Issuance of common stock under dividend reinvestment plan (in shares)		6,339				6,339	[1]
Issuance of common stock under dividend reinvestment plan		$ 107				$ 107
Issuance of stock during the period, net (in shares)					740			14,471	[1]
Issuance of stock during the period, net		727	$ 224		$ 727			$ 224
Stock-based awards - common stock: Restricted stock expense, net of tax impact (in shares)	[1]					2,227
Stock-based awards - common stock: Restricted stock expense, net of tax impact		35				$ 29					6
Stock-based awards - common stock: Stock options expense		106				$ 106
Conversion of Series B preferred stock to common stock (in shares)					(2,520)	157,369	[1]
Conversion of Series B preferred stock to common stock					$ (2,452)	$ 2,452
Other comprehensive income (loss), net		0
Dividend declared on preferred stock		(331)										(331)
Dividend declared on common stock		(234)										(234)
Ending balance (in shares) at Mar. 31, 2021				6,395	6,980	3,678,566	[1]
Ending balance at Mar. 31, 2021		79,421		$ 6,161	$ 6,791	$ 46,168				0	(35)	20,336
Beginning balance (in shares) at Dec. 31, 2020				6,395	8,760	3,485,018	[1]
Beginning balance at Dec. 31, 2020		$ 71,069		$ 6,161	$ 8,516	$ 43,043				0	(41)	13,390
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock under dividend reinvestment plan (in shares)		17,971
Ending balance (in shares) at Dec. 31, 2021				6,395	3,210	3,981,117	[1]
Ending balance at Dec. 31, 2021		$ 96,290		$ 6,161	$ 3,123	$ 51,496				(420)	(17)	35,947
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income		$ 13										13
Issuance of common stock under dividend reinvestment plan (in shares)		0
Exercise of stock warrants (in shares)	[1]							750
Exercise of stock warrants			$ 13					$ 13
Repurchase of common stock (in shares)	[1]					(2,212)
Repurchase of common stock		$ (49)				$ (49)
Exercise of stock options, net (in shares)		1,195				401	[1]
Stock-based awards - common stock: Restricted stock expense, net of tax impact (in shares)	[1]					33,117
Stock-based awards - common stock: Restricted stock expense, net of tax impact		$ 100				$ 713					(613)
Stock-based awards - common stock: Stock options expense		79				$ 79
Other comprehensive income (loss), net		(1,038)								(1,038)
Dividend declared on preferred stock		(208)										(208)
Dividend declared on common stock		(321)										(321)
Ending balance (in shares) at Mar. 31, 2022				6,395	3,210	4,013,173	[1]
Ending balance at Mar. 31, 2022		$ 94,879		$ 6,161	$ 3,123	$ 52,252				$ (1,458)	$ (630)	$ 35,431
[1]	Common shares for all periods shown herein reflect the three-for-two stock split, effective on May 10, 2021.

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash flows from operating activities:
Net income	$ 13	$ 7,511
Adjustments to reconcile net income to net cash from operating activities:
Depreciation of fixed assets	495	414
Net securities premium amortization	40	0
Amortization of debt issuance costs	0	3
Amortization of discount on PPP loans purchased	(2)	(14)
Provision for loan losses	(2,400)	2,000
Accretion of discount on unguaranteed loans	(411)	(457)
Deferred tax expense (benefit)	303	(1,904)
Origination of SBA loans held for sale	(1,445)	0
Net gains on sales of SBA loans	(4,621)	0
Origination of residential loans held for sale	(335,560)	(715,856)
Net gains on sales of residential loans held for sale	(9,070)	(28,944)
Amortization of loan servicing rights	707	716
Non-qualified stock purchase plan expense	25	19
Stock based compensation expense	154	141
Income from bank owned life insurance	(151)	(85)
Changes in:
Accrued interest receivable	414	(1,284)
Other assets	(2,988)	(4,016)
Accrued interest payable	(240)	(1,105)
Other liabilities	(5,582)	372
Net cash from operating activities	105,756	2,181
Cash flows from investing activities:
Purchase of investment securities available for sale	(12,820)	0
Principal payments on investment securities available for sale	640	0
Principal payments on investment securities held to maturity	0	10
Purchase (sale) of restricted equity securities		(357)
Purchase (sale) of restricted equity securities	307
Purchase of time deposits from banks	(1,500)	0
Loan (originations) and payments, net	(56,260)	(160,813)
Purchase of premises and equipment	(1,861)	(602)
Net cash (used in) investing activities	(71,494)	(161,762)
Cash flows from financing activities:
Net change in deposits	48,444	48,480
Net increase of short-term fed funds purchased	0	40,000
Payments on notes payable	(113)	(113)
Net proceeds (repayments) of PPP Liquidity Facility borrowings	(69,654)	76,151
Proceeds from issuance of preferred stock, net	0	727
Proceeds from sale of common stock, net	13	519
Share buyback - redeemed stock	(49)	0
Dividends paid on common stock	321	234
Dividends paid on preferred stock	208	331
Net cash from (used in) financing activities	(21,888)	165,199
Net change in cash and cash equivalents	12,374	5,618
Cash and cash equivalents, beginning of period	109,727	55,379
Cash and cash equivalents, end of period	122,101	60,997
Supplemental cash flow information
Interest paid	1,574	3,367
Income taxes paid	22	2
Supplemental noncash disclosures
Net change in unrealized holding gain on investment securities available for sale	(1,038)	0
Transfer of loans and leases held for investment to loans held for sale	77,747	0
Recognition of right of use asset and operating lease liability	0	136
Conversion of Series B preferred stock to common stock	0	2,452
SBA Loan
Proceeds from sale of loans held-for-sale	81,880	0
Changes in fair value, gain (loss)	197	(72)
Adjustments to reconcile net income to net cash from operating activities:
Net gains on sales of SBA loans	(4,621)	0
Loans Held For Sale
Proceeds from sale of loans held-for-sale	380,999	739,409
Changes in fair value, gain (loss)	$ 2,999	$ 5,333

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 13	$ 7,511
Other comprehensive income (loss), net
Net unrealized (losses) on investment securities available for sale	(1,377)	0
Deferred income tax benefit	339	0
Other comprehensive income (loss), net	(1,038)	0
Comprehensive income (loss)	$ (1,025)	$ 7,511

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Allowance for loan losses	$ 10,170,000	$ 13,452,000
Common stock and additional paid-in capital, shares authorized (in shares)	15,000,000	15,000,000
Common stock and additional paid-in capital, shares issued (in shares)	4,013,173	3,981,117
Common stock and additional paid-in capital, shares outstanding (in shares)	4,013,173	3,981,117
Preferred Stock, Series A
Preferred stock, shares authorized (in shares)	10,000	10,000
Preferred stock, shares issued (in shares)	6,395	6,395
Preferred stock, shares outstanding (in shares)	6,395	6,395
Preferred stock, aggregate liquidation preference	$ 6,395,000	$ 6,395,000
Preferred Stock, Series B
Preferred stock, shares authorized (in shares)	20,000	20,000
Preferred stock, shares issued (in shares)	3,210	3,210
Preferred stock, shares outstanding (in shares)	3,210	3,210
Preferred stock, aggregate liquidation preference	$ 3,210,000	$ 3,210,000

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parenthetical)	3 Months Ended
	Mar. 31, 2022$ / shares	Mar. 31, 2021$ / shares
Statement of Stockholders' Equity [Abstract]
Dividend declared on common stock (in USD per share)	$ 0.08	$ 0.067

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Basis of Presentation	BASIS OF PRESENTATION The accompanying unaudited consolidated financial statements include BayFirst Financial Corp. and its wholly owned subsidiary, First Home Bank d/b/a BayFirst Bank, together referred to as “the Company”. These unaudited consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles followed within the financial services industry for interim financial information and Article 8 of Regulation S-X. Accordingly, they do not include all of the information or notes required for complete financial statements. The condensed consolidated balance sheet as of December 31, 2021 has been derived from the audited consolidated financial statements of BayFirst Financial Corp. for that period. The Company principally operates in two business segments, Banking and Residential Mortgage Lending. In the opinion of management, all adjustments, consisting of normal and recurring items, considered necessary for a fair presentation of the consolidated financial statements for the interim periods have been included. All significant intercompany accounts and transactions have been eliminated in consolidation. Certain amounts reported in prior periods have been reclassified to conform to current year presentation. These reclassifications did not have a material effect on previously reported net income, shareholders’ equity or cash flows. Operating results for the three month period ended March 31, 2022 are not necessarily indicative of the results that may be expected for the year ending December 31, 2022. These statements should be read in conjunction with the consolidated financial statements and notes thereto for the year ended December 31, 2021. The Company’s significant accounting policies are described in Note 1 of the Notes to Consolidated Financial Statements for the year ended December 31, 2021 in the Company’s Annual Report filed on Form 10-K. There were no new accounting policies or changes to existing policies adopted during the first three months of 2022 which had a significant effect on the Company’s results of operations or statement of financial condition. For interim reporting purposes, the Company follows the same basic accounting policies and considers each interim period as an integral part of an annual period. Effective May 10, 2021, the Company effected a three-for-two stock split. All share amounts and per share financial data contained in these financial statements related to periods prior and subsequent to this stock split have been adjusted to reflect the split. Use of Estimates : To prepare financial statements in conformity with GAAP, management makes estimates and assumptions based on available information. These estimates and assumptions affect the amounts reported in the financial statements and the disclosures provided, and actual results could differ. The most significant estimates relate to the allowance for loan losses, SBA loan servicing rights, and fair value of residential loans held for sale and residential mortgage derivatives. Emerging Growth Company Status: The Company is expected to remain an "emerging growth company," as defined in the JOBS Act, through December 31, 2026. Section 107 of the JOBS Act provides that an emerging growth company can take advantage of an extended transition period when complying with new or revised accounting standards. In other words, an emerging growth company can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. We have elected to take advantage of this extended transition period, which means these financial statements, as well as financial statements we file in the future for as long as we remain an emerging growth company, will be subject to all new or revised accounting standards generally applicable to private companies. Contingencies : Due to the nature of their activities, the Company and its subsidiary are at times engaged in various legal proceedings that arise in the course of normal business, some of which were outstanding as of March 31, 2022. Although the ultimate outcome of all claims and lawsuits outstanding as of March 31, 2022 cannot be ascertained at this time, it is the opinion of management that these matters, when resolved, will not have a material adverse effect on the Company’s results of operations or financial condition. New Accounting Standards Not Yet Adopted : In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” (“ASU 2016-13”) . This new guidance was issued to replace the incurred loss model for loans and other financial assets with an expected loss model, which is referred to as the CECL model. The CECL model is applicable to the measurement of credit losses on financial assets measured at amortized cost, including loan receivables and debt securities held to maturity. It also applies to off-balance sheet credit exposures not accounted for as insurance (i.e., loan commitments, standby letters of credit, financial guarantees, and other similar instruments) and net investments in certain leases recognized by a lessor. In addition, the amendments in ASU 2016-13 require credit losses on securities available for sale to be presented as a valuation allowance rather than as a direct write-down thereon. The amendments in this ASU are effective for the Company for fiscal years beginning after December 15, 2022, and interim periods within those fiscal years. Early adoption is permitted; however, the Company has elected to adopt new or revised accounting standards using the delayed effective dates applicable to Emerging Growth Companies. Management is in the process of evaluating the impact of adoption of this ASU on its Consolidated Financial Statements, processes, and controls and is not currently able to reasonably estimate the impact of adoption on the Company’s consolidated financial position, results of operations; however, adoption is likely to lead to significant changes in accounting policies related to, and the methods employed in estimating, the allowance for credit losses. It is possible that the impact will be material to the Company’s consolidated financial position and results of operations. To date, the Company has established a CECL steering committee and has an implementation plan. The Company is reviewing potential methodologies for estimating expected credit losses using reasonable and supportable forecast information to use in the CECL model. ASU 2022-02, “Financial Instruments - Credit Losses (Topic 326)” (“ASU 2022-02”) eliminates the guidance on troubled debt restructurings and requires entities to evaluate all loan modifications to determine if they result in a new loan or a continuation of the existing loan. ASU 2022-02 also requires that entities disclose current-period gross charge-offs by year of origination for loans and leases. ASU 2022-02 is effective January 1, 2023 and is not expected to have a significant impact on our financial statement disclosures.

Investment Securities

Investment Securities	3 Months Ended
	Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Investment Securities	INVESTMENT SECURITIES The amortized costs, gross unrealized gains and losses, and estimated fair values of securities available for sale at March 31, 2022 and December 31, 2021 are summarized as follows: March 31, 2022 Amortized Gross Gross Fair Investment securities available for sale: Asset-backed securities $ 7,621 $ — $ (50) $ 7,571 Mortgage-backed securities: U.S. Government-sponsored enterprises 4,388 — (323) 4,065 Collateralized mortgage obligations: U.S. Government-sponsored enterprises 23,721 — (1,575) 22,146 Corporate bonds 7,874 — — 7,874 Total investment securities available for sale $ 43,604 $ — $ (1,948) $ 41,656 December 31, 2021 Amortized Gross Gross Fair Investment securities available for sale: Asset-backed securities $ 7,624 $ — $ (89) $ 7,535 Mortgage-backed securities: U.S. Government-sponsored enterprises 4,470 — (76) 4,394 Collateralized mortgage obligations: U.S. Government-sponsored enterprises 19,370 — (406) 18,964 Total investment securities available for sale $ 31,464 $ — $ (571) $ 30,893 The amortized cost and fair value of securities are shown in the table below by contractual maturity. Actual timing may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. March 31, 2022 Amortized Fair One to five years 5,018 5,018 Five to ten years 2,856 2,856 Beyond ten years 35,730 33,782 Total $ 43,604 $ 41,656 As of March 31, 2022, the Company's investment portfolio consisted of 14 securities, 9 of which were in an unrealized loss position. The investment securities available for sale were purchased after March 31, 2021 and, therefore, had been in an unrealized loss position for less than 12 months at March 31, 2022. The Company expects full recovery of the carrying amount of these securities and does not intend to sell the securities in an unrealized loss position nor does it believe it will be required to sell securities in an unrealized loss position before the value is recovered. The Company does not consider these securities to be other-than-temporarily impaired at March 31, 2022. The following table summarizes securities with unrealized losses at March 31, 2022 and December 31, 2021 aggregated by security type and length of time in a continuous unrealized loss position: Less than 12 Months 12 Months or Longer Total March 31, 2022 Far Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Asset-backed securities $ 7,571 $ (50) $ — $ — $ 7,571 $ (50) Mortgage-backed securities: U.S. Government-sponsored enterprises 4,065 (323) 4,065 (323) Collateralized mortgage obligations: U.S. Government-sponsored enterprises 17,215 (1,575) — — 17,215 (1,575) Total securities available for sale $ 28,851 $ (1,948) $ — $ — $ 28,851 $ (1,948) December 31, 2021 Asset-backed securities $ 7,535 $ (89) $ — $ — $ 7,535 $ (89) Mortgage-backed securities: U.S. Government-sponsored enterprises 4,394 (76) — — 4,394 (76) Collateralized mortgage obligations: U.S. Government-sponsored enterprises 18,964 (406) — — 18,964 (406) Total securities available for sale $ 30,893 $ (571) $ — $ — $ 30,893 $ (571) The Company held one security classified as held to maturity at March 31, 2022 and December 31, 2021, which matures in August 2039. The security is a debt security to a government-sponsored enterprise and its amortized cost was $2 and the fair value was $2 at March 31, 2022 and December 31, 2021. No securities were pledged as of March 31, 2022 or December 31, 2021, and there were no sales of investment securities during the three months ended March 31, 2022 or December 31, 2021.

Loans

Loans	3 Months Ended
	Mar. 31, 2022
Receivables [Abstract]
Loans	LOANS Loans held for investment, at amortized cost, at March 31, 2022 and December 31, 2021 were as follows: March 31, December 31, Real estate: Residential $ 102,897 $ 87,235 Commercial 189,684 163,477 Construction and land 18,038 18,632 Commercial and industrial 180,163 217,155 Commercial and industrial - PPP 44,792 80,158 Consumer and other 13,502 3,581 Loans held for investment, at amortized cost, gross 549,076 570,238 Deferred loan costs, net 7,297 7,975 Discount on SBA 7(a) loans sold (1) (3,335) (3,866) Discount on PPP loans purchased (10) (13) Allowance for loan losses (10,170) (13,452) Loans held for investment, at amortized cost $ 542,858 $ 560,882 (1) The Company allocates the retained portion of loans sold based on relative fair value of the retained portion and the sold portion, which results in a discount on the retained portion.

Allowance for Loan Losses

Allowance for Loan Losses	3 Months Ended
	Mar. 31, 2022
Receivables [Abstract]
Allowance for Loan Losses	ALLOWANCE FOR LOAN LOSSES The following schedule presents the activity in the allowance for loan losses by loan segment for the three months ended March 31, 2022 and March 31, 2021: Three Months Ended 2022 2021 Balance, beginning of period $ 13,452 $ 21,162 Charge-offs: Commercial and industrial (1,031) (1,137) Consumer and other (15) (16) Total charge-offs (1,046) (1,153) Recoveries: Real estate - commercial 8 — Commercial and industrial 153 5 Consumer and other 3 3 Total recoveries 164 8 Net (charge-offs) (882) (1,145) Provision for loan losses (2,400) 2,000 Balance, end of period $ 10,170 $ 22,017 Net (charge-offs) to total average loans held for investment (0.61) % (0.35) % The following table presents the balance in the allowance for loan losses and the recorded investment in loans by loan segment and based on impairment method at March 31, 2022. The government guaranteed loan balances are included in the collectively evaluated for impairment balances. Real Estate- Real Estate- Real Estate - Commercial Commercial Consumer Unallocated Total Allowance for loan losses: Individually evaluated for impairment $ — $ 126 $ — $ 239 $ — $ — $ — $ 365 Collectively evaluated for impairment 668 1,393 124 7,081 — 429 110 9,805 Total $ 668 $ 1,519 $ 124 $ 7,320 $ — $ 429 $ 110 $ 10,170 Loans: Individually evaluated for impairment $ 123 $ 2,257 $ — $ 239 $ — $ — $ — $ 2,619 Collectively evaluated for impairment 102,774 187,427 18,038 179,924 44,792 13,502 — 546,457 Total $ 102,897 $ 189,684 $ 18,038 $ 180,163 $ 44,792 $ 13,502 $ — $ 549,076 The following table presents the balance in the allowance for loan losses and the recorded investment in loans by loan segment and based on impairment method at December 31, 2021. The government guaranteed loan balances are included in the collectively evaluated for impairment balances. Real Estate- Real Estate- Real Estate - Commercial Commercial Consumer Unallocated Total Allowance for loan losses: Individually evaluated for impairment $ — $ 91 $ — $ 902 $ — $ — $ — $ 993 Collectively evaluated for impairment 1,437 2,258 241 8,300 — 154 69 12,459 Total $ 1,437 $ 2,349 $ 241 $ 9,202 $ — $ 154 $ 69 $ 13,452 Loans: Individually evaluated for impairment $ 124 $ 2,900 $ — $ 902 $ — $ — $ — $ 3,926 Collectively evaluated for impairment 87,111 160,577 18,632 216,253 80,158 3,581 — 566,312 Total $ 87,235 $ 163,477 $ 18,632 $ 217,155 $ 80,158 $ 3,581 $ — $ 570,238 The following table presents information related to impaired loans by loan segment at and for the three months ended March 31, 2022: Unpaid Recorded Allowance for Loan Losses Allocated Average Recorded Investment Interest Income Recognized Cash Basis Interest Recognized With no related allowance recorded: Real estate - residential $ 123 $ 123 $ — $ 62 $ — $ — Real estate - commercial 2,088 2,088 — 2,557 2 2 Subtotal 2,211 2,211 — 2,619 2 2 With an allowance recorded: Real estate - commercial 169 169 126 134 — — Commercial and industrial 239 239 239 696 — — Subtotal 408 408 365 830 — — Total $ 2,619 $ 2,619 $ 365 $ 3,449 $ 2 $ 2 The following table presents information related to impaired loans by loan segment at and for the three months ended March 31, 2021: Unpaid Recorded Allowance for Loan Losses Allocated Average Recorded Investment Interest Income Recognized Cash Basis Interest Recognized With no related allowance recorded: Real estate - commercial 2,193 2,193 — 1,732 20 — Subtotal 2,193 2,193 — 1,732 20 — With an allowance recorded: Real estate - commercial 91 91 39 584 — — Commercial and industrial 856 856 856 902 — — Subtotal 947 947 895 1,486 — — Total $ 3,140 $ 3,140 $ 895 $ 3,218 $ 20 $ — The unpaid principal balance represents the outstanding contractual balance. For purposes of the impaired loans by loan segment tables above, the unpaid principal balance and recorded investment do not include the government guaranteed balance. The government guaranteed balances of impaired loans at March 31, 2022 and December 31, 2021 were $6,174 and $6,197, respectively. Nonaccrual loans and loans past due over 89 days still on accrual include both smaller balance homogenous loans that are collectively evaluated for impairment and individually classified impaired loans. The unguaranteed portions of government guaranteed loans that are under $100 are reserved in full. Impaired loans include commercial loans that are individually evaluated for impairment and deemed impaired as well as TDR for all loan portfolio segments. The sum of nonaccrual loans and loans past due over 89 days still on accrual will differ from the total impaired loan amount. The following tables present the recorded investment in nonaccrual and loans past due over 89 days still on accrual by loan segment at March 31, 2022 and December 31, 2021. In the following table, the recorded investment does not include the government guaranteed balance. Nonaccrual Loans Past Due Over March 31, 2022 December 31, 2021 March 31, 2022 December 31, 2021 Real estate - residential $ 123 $ 124 $ — $ 126 Real estate - commercial 2,175 2,815 124 — Commercial and industrial 239 902 — — Total $ 2,537 $ 3,841 $ 124 $ 126 The following table presents the aging of the recorded investment in past due loans at March 31, 2022 by loan segment: 30-89 Days Greater Than Total Past Due Loans Not Past Due (1) Total Loans Real estate - residential $ 179 $ 124 $ 303 $ 102,594 $ 102,897 Real estate - commercial 1,239 1,181 2,420 187,264 189,684 Real estate - construction and land — — — 18,038 18,038 Commercial and industrial 3,417 182 3,599 176,564 180,163 Commercial and industrial - PPP — — — 44,792 44,792 Consumer and other 9 — 9 13,493 13,502 Total $ 4,844 $ 1,487 $ 6,331 $ 542,745 $ 549,076 (1) For the purposes of the table above, $4,993 of balances 30-89 days past due and $1,539 of balances greater than 89 days past due are reported as Loans Not Past Due as a result of the government guaranty. None of commercial and industrial PPP loans were delinquent as of March 31, 2022. The following table presents the aging of the recorded investment in past due loans at December 31, 2021 by loan segment: 30-89 Days Greater Than Total Past Due Loans Not Past Due (1) Total Loans Real estate - residential $ 57 $ 250 $ 307 $ 86,928 $ 87,235 Real estate - commercial 192 1,778 1,970 161,507 163,477 Real estate - construction and land — — — 18,632 18,632 Commercial and industrial 991 424 1,415 215,740 217,155 Commercial and industrial - PPP — — — 80,158 80,158 Consumer and other — — — 3,581 3,581 Total $ 1,240 $ 2,452 $ 3,692 $ 566,546 $ 570,238 (1) For the purposes of the table above, $10,360 of balances 30-89 days past due and $2,807 of balances greater than 89 days past due are reported as Loans Not Past Due as a result of the government guaranty, and $11,089 of commercial and industrial PPP loans are primarily due to delinquencies from borrowers with only a PPP loan and no other First Home Bank product. These borrowers were non-responsive to requests for forgiveness applications and payments, and applications were subsequently submitted to the SBA for their 100% guarantee purchase from the Bank. Credit Quality Indicators Internal risk-rating grades are assigned to loans by lending, credit administration or loan review personnel, based on an analysis of the financial and collateral strength and other credit attributes underlying each loan. Management analyzes the resulting ratings, as well as other statistics and factors such as delinquency, to track the migration performance of the portfolio balances. This analysis is performed at least annually. The Bank uses the following definitions for its risk ratings: Pass – Loans properly approved, documented, collateralized, and performing which do not reflect an abnormal credit risk. Special Mention – These credits constitute an undue and unwarranted credit risk, but not to a point of justifying a classification of “Substandard”. They have weaknesses that, if not checked or corrected, weaken the asset or inadequately protect the Bank. Substandard – These loans are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. Doubtful – These loans have all the weaknesses inherent in those classified as Substandard with the added characteristic that the weaknesses make collection or repayment in full, on the basis of currently known facts, conditions, and values, highly questionable and improbable. The table below sets forth credit exposure for the loan portfolio disaggregated by loan segment based on internally assigned risk ratings at March 31, 2022: Pass Special Substandard Doubtful Total Loans Real estate - residential $ 102,897 $ — $ — $ — $ 102,897 Real estate - commercial 187,230 280 2,174 — 189,684 Real estate - construction and land 18,038 — — — 18,038 Commercial and industrial 177,256 441 2,466 — 180,163 Commercial and industrial - PPP 44,792 — — — 44,792 Consumer and other 13,502 — — — 13,502 Loans held for investment, at amortized cost $ 543,715 $ 721 $ 4,640 $ — $ 549,076 The table below sets forth credit exposure for the loan portfolio disaggregated by loan segment based on internally assigned risk ratings at December 31, 2021: Pass Special Substandard Doubtful Total Loans Real estate - residential $ 87,233 $ — $ 2 $ — $ 87,235 Real estate - commercial 160,492 170 2,815 — 163,477 Real estate - construction and land 18,632 — — — 18,632 Commercial and industrial 212,544 1,850 2,761 — 217,155 Commercial and industrial - PPP 80,158 — — — 80,158 Consumer and other 3,581 — — — 3,581 Loans held for investment, at amortized cost $ 562,640 $ 2,020 $ 5,578 $ — $ 570,238 Troubled Debt Restructurings The following table presents loans classified as TDR at March 31, 2022 and December 31, 2021: March 31, 2022 December 31, 2021 Accruing Nonaccruing Accruing Nonaccruing Real estate - commercial $ 34 $ 532 $ 85 $ 1,116 The Company had not committed to lend any additional amounts to the loans classified as TDR at March 31, 2022 and December 31, 2021. The Company estimated $73 and $38 of impaired loan loss reserves for these loans at March 31, 2022 and December 31, 2021, respectively. There were no loans which were modified in the previous twelve months that defaulted during the three months ended March 31, 2022. There were no new loans classified as TDR during the three months ended March 31, 2022. The CARES Act was signed into law on March 27, 2020, permits financial institutions to suspend requirements under GAAP for loan modifications to borrowers affected by COVID-19 that would otherwise be characterized as TDR and suspend any determination related thereto if (i) the loan modification is made between March 1, 2020 and the earlier of December 31, 2020 or 60 days after the end of the coronavirus emergency declaration and (ii) the applicable loan was not more than 30 days past due as of December 31, 2019. The CAA was signed into law on December 27, 2020, extends the applicable period to include modifications to loans held by financial institutions executed between March 1, 2020 and the earlier of (i) January 1, 2022 or (ii) 60 days after the date of the termination of the COVID-19 national emergency. In addition, federal bank regulatory authorities have issued guidance to encourage financial institutions to make loan modifications for borrowers affected by COVID-19 and have assured financial institutions that they will neither receive supervisory criticism for such prudent loan modifications, nor be required by examiners to automatically categorize COVID-19-related loan modifications as TDR. The Company is applying this guidance to qualifying loan modifications. Loan modifications related to COVID-19 at March 31, 2022 and December 31, 2021 are presented in the table below: March 31, 2022 December 31, 2021 Number of Outstanding Number of Loans Outstanding Recorded Investment Real estate - residential — $ — 1 $ 258 Commercial and industrial 13 676 23 1,113 Total loan modifications related to COVID-19 13 $ 676 24 $ 1,371

Fair Value

Fair Value	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value	FAIR VALUE Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair values: Level 1 – Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access at the measurement date. Level 2 – Significant other observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, and other inputs that are observable or can be corroborated by observable market data. Level 3 – Significant unobservable inputs that reflect a Company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. A financial instrument’s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The following is a description of the valuation methodologies used for instruments measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy. Investment Securities Available for Sale : The fair values of investment securities available for sale are determined by matrix pricing, which is a mathematical technique used to value debt securities without relying exclusively on quoted prices for the specific securities, but rather by relying on the securities’ relationship to other benchmark quoted securities (Level 2). Management obtains the fair values of securities available for sale on a monthly basis from a third party pricing service. Residential Loans Held for Sale : The Company has elected to account for residential loans held for sale at fair value. The fair value of loans held for sale is determined using either actual quoted prices for the assets (Level 1) whenever possible or quoted prices for similar assets, adjusted for specific attributes of that loan (Level 2). The gain (loss) on loans held for sale is included in residential fee income in the Consolidated Statements of Income. SBA Loans Held for Investment, at Fair Value : The Company has elected to account for certain SBA loans held for investment at fair value. Fair value is calculated based on the present value of estimated future payments (Level 3). The valuation model uses interest rate, prepayment speed, and default rate assumptions that market participants would use in estimating future payments. Whenever available, the present value is validated against available market data. Mortgage Banking Derivatives : Mortgage banking derivatives used in the ordinary course of business primarily consist of mandatory forward sales contracts, best efforts forward sales contracts, and interest rate lock commitments. The fair value of mandatory forward sales contracts is measured using quoted market prices (Level 1), or in some cases when quoted market prices are not available, the pricing is derived from market observable inputs that can generally be verified and do not typically involve significant judgment by the Company (Level 2). Interest rate lock commitments involve pricing derived from market observable inputs that are adjusted based on pull-through rates (anticipated loan funding probability). Pull-through rates are an unobservable input which are the Company’s estimate of the percentage of interest rate lock commitments expected to result in closed loans (Level 3). The fair value of best efforts forward sales contracts is measured using market observable inputs that are adjusted using unobservable inputs including duration, spread, and pull-through rates (Level 3). Impaired Loans : A loan is considered to be impaired when it is probable the Bank will be unable to collect all principal and interest payments due in accordance with the contractual terms of the loan agreement. In most cases, the Bank measures fair value based on the value of the collateral securing the loan. Collateral may be in the form of real estate and/or business or personal assets, including but not limited to equipment, inventory, and accounts receivable. The fair value of real estate collateral is determined based on third party appraisals by qualified licensed appraisers as well as internal estimates. The fair value of other business or personal assets is generally based on amounts reported on the financial statements of the customer or customer’s business. Appraised and reported values may be adjusted based on management’s historical knowledge, changes in market conditions from the time of valuation and management’s knowledge of the customer and the customer’s business. Since not all valuation inputs are observable, these nonrecurring fair value determinations are classified as Level 3. Impaired loans are reviewed and evaluated on at least a quarterly basis for additional impairment and adjusted accordingly, based on the same factors previously identified. SBA Loan Servicing Rights : On a quarterly basis, SBA loan servicing rights are evaluated for impairment based upon the fair value of the rights as compared to the carrying amount. If the carrying amount exceeds fair value, impairment is recorded so that the servicing asset is carried at fair value. The fair value of SBA servicing rights is based on a valuation model that calculates the present value of estimated net servicing income. The valuation model incorporates assumptions that market participants would use in estimating future net servicing income. There were no SBA loan servicing rights carried at fair value at March 31, 2022 and December 31, 2021. Assets and liabilities measured at fair value on a recurring basis at March 31, 2022 are summarized below: Quoted Prices in Significant Significant Unobservable Inputs (Level 3) Total Financial assets Investment securities available for sale $ — $ 41,656 $ — $ 41,656 Residential loans held for sale 8,515 66,507 — 75,022 SBA loans held for investment, at fair value — — 8,769 8,769 Interest rate lock commitments — — 760 760 Mandatory forward sales contracts 2,441 — — 2,441 Best efforts forward sales contracts — — 30 30 Financial liabilities Interest rate lock commitments $ — $ — $ 685 $ 685 Mandatory forward sales contracts 52 — — 52 Assets and liabilities measured at fair value on a recurring basis at December 31, 2021 are summarized below: Quoted Prices in Significant Significant Unobservable Inputs (Level 3) Total Financial assets Investment securities available for sale $ — $ 30,893 $ — $ 30,893 Residential loans held for sale 43,837 70,294 — 114,131 SBA loans held for investment, at fair value — — 9,614 9,614 Interest rate lock commitments — — 1,435 1,435 Mandatory forward sales contracts 88 — — 88 Best efforts forward sales contracts — — 27 27 Financial liabilities Interest rate lock commitments $ — $ — $ 23 $ 23 Mandatory forward sales contracts 166 — — 166 There were no transfers between levels for assets and liabilities recorded at fair value on a recurring basis during the reported periods. Financial Instruments Recorded Using Fair Value Option The Company has elected the fair value option for residential loans held for sale. These loans are intended for sale and the Company believes that the fair value is the best indicator of the resolution of these loans. Interest income is recorded based on the contractual term of the loan and in accordance with the Company’s policy on loans held for investment. None of these loans are 90 days or more past due or on nonaccrual at March 31, 2022 and December 31, 2021. The aggregate fair value, contractual balance, and gain at March 31, 2022 and December 31, 2021 for residential loans held for sale were as follows: March 31, 2022 December 31, 2021 Aggregate fair value $ 75,022 $ 114,131 Contractual balance 74,225 110,335 Gain $ 797 $ 3,796 The total amount of losses from changes in fair value and interest income included in earnings for the three months ended March 31, 2022 and March 31, 2021 for residential loans held for sale were as follows: Three Months Ended March 31, 2022 2021 Interest income $ 737 $ 1,219 Change in fair value (2,999) (5,333) Total (loss) $ (2,262) $ (4,114) The Company also elected the fair value option for certain of its non-PPP SBA loans originated in 2018 as the Company believed that fair value was the best indicator of the resolution of those loans at that time. Depending on market conditions and liquidity needs of the Company, management determines whether it is advantageous to hold or sell SBA loans on a loan-by-loan basis. The portion of these loans guaranteed by the SBA are generally readily marketable in the secondary market and the portion of the loans that are not guaranteed may be sold periodically to other third party financial institutions. Interest income on these loans is recorded based on the contractual term of the loan and in accordance with the Company’s policy on other loans held for investment. The aggregate fair value, contractual balance, and gain (loss) at March 31, 2022 and December 31, 2021 for SBA loans held for investment, at fair value, were as follows: March 31, 2022 December 31, 2021 Aggregate fair value $ 8,769 $ 9,614 Contractual balance 8,785 9,433 Gain (loss) $ (16) $ 181 The total amount of gains and losses from changes in fair value and interest income included in earnings for the three months ended March 31, 2022 and March 31, 2021 for SBA loans held for investment, at fair value, were as follows: Three Months Ended March 31, 2022 2021 Interest income $ 85 $ 132 Change in fair value (197) 72 Total gain (loss) $ (112) $ 204 Changes in fair value for SBA loans held for investment, at fair value, were included in SBA fair value gain (loss) on the Consolidated Statements of Income. The table below presents a reconciliation of SBA loans held for investment, at fair value, which were valued on a recurring basis and used significant unobservable inputs (Level 3) for the three months ended March 31, 2022 and March 31, 2021: Three Months Ended March 31, 2022 2021 Balance of SBA loans held for investment at fair value, beginning of period $ 9,614 $ 9,264 Principal payments (648) (262) Repurchase of guaranteed balances previously participated — 1,401 Total gains during the period (197) 72 Balance of SBA loans held for investment at fair value, end of period $ 8,769 $ 10,475 The Company’s valuation of SBA loans held for investment, at fair value, was supported by an analysis prepared by an independent third party and approved by management. The approach to determine fair value involved several steps: 1) Identifying each loan’s unique characteristics, including balance, payment type, term, coupon, age, and principal and interest payment; 2) Projecting these loan level characteristics for the life of each loan; and 3) Performing discounted cash flow modeling. The following table provides information about the valuation techniques and unobservable inputs used in the valuation of SBA loans held for investment, at fair value, interest rate lock commitments, and best efforts forward sales contracts falling within Level 3 of the fair value hierarchy at March 31, 2022 and December 31, 2021: Fair Value Valuation Unobservable Inputs Range (Weighted Average) March 31, 2022 SBA loans held for $ 8,769 Discounted Discount rate 4.01%-7.51% (5.06%) investment, at fair value cash flow Conditional prepayment rate 10.56%-10.56% (10.56%) Interest rate lock commitments 75 Quoted Market Prices Pull-through expectations 24.00%-100.00% (85.96%) Best efforts forward sales contracts 30 Quoted Market Prices Pull-through expectations 24.00%-80.00% (72.46%) December 31, 2021 SBA loans held for $ 9,614 Discounted Discount rate 3.22%-6.72% (4.22%) investment, at fair value cash flow Conditional prepayment rate 10.56%-10.56% (10.56%) Interest rate lock commitments 1,412 Quoted Market Prices Pull-through expectations 24.00%-100.00% (84.40%) Best efforts forward sales contracts 27 Quoted Market Prices Pull-through expectations 24.00%-80.00% (65.79%) The significant unobservable inputs impacting the fair value measurement of SBA loans held for investment, at fair value, include discount rates and conditional prepayment rates. Increases in discount rates or prepayment rates would result in a lower fair value measurement. Although the prepayment rate and discount rate are not directly interrelated, they generally move in opposite directions. The discount rates and conditional prepayment rates were weighted by the relative principal balance outstanding of these loans. The significant unobservable inputs impacting the fair value measurement of interest rate lock commitments and best efforts sales contracts include pull-through rate. An increase in the pull-through rate utilized in the fair value measurement of the interest rate lock commitments and best efforts forward sale contracts will result in positive fair value adjustments (and an increase in the fair value measurement). Conversely, a decrease in the pull-through rate will result in a negative fair value adjustment (and a decrease in the fair value measurement). Assets measured at fair value on a nonrecurring basis at March 31, 2022 are summarized below: Fair Value Valuation Technique(s) Significant Discount % Range/Amount Impaired loans $ 987 Discount appraisals, estimated net realizable value of collateral Collateral discounts 10% Assets measured at fair value on a nonrecurring basis at December 31, 2021 are summarized below: Fair Value Valuation Technique(s) Significant Discount % Range/Amount Impaired loans $ 1,614 Discount appraisals, estimated net realizable value of collateral Collateral discounts 10% Fair Value of Financial Instruments The carrying values and estimated fair values of financial instruments not carried at fair value, at March 31, 2022 and December 31, 2021 are as follows: March 31, 2022 December 31, 2021 Level Carrying Value Fair Value Carrying Value Fair Value Assets: Cash and cash equivalents 1 $ 122,101 $ 122,101 $ 109,727 $ 109,727 Time deposits in banks 2 3,881 3,874 2,381 2,437 Investment securities held to maturity 2 2 2 2 2 Restricted equity securities, at cost 2 2,520 2,520 2,827 2,827 Government guaranteed loans held for sale 2 1,445 1,539 1,460 1,460 Loans held for investment, at amortized cost 3 542,858 542,402 560,882 569,394 Accrued interest receivable 3 3,150 3,150 3,564 3,564 SBA loan servicing rights 3 7,399 8,891 6,407 8,050 Mortgage loan servicing rights 3 202 202 212 212 Liabilities: Noninterest-bearing deposits 2 $ 92,680 $ 92,680 $ 83,638 $ 83,638 Interest-bearing transaction accounts 2 180,815 180,815 163,495 163,495 Savings and money market deposits 2 464,847 464,847 423,864 423,864 Time deposits 2 31,787 31,832 50,688 51,049 Subordinated debentures 2 5,987 6,040 5,985 6,175 Notes payable 2 3,186 3,308 3,299 3,350 PPP Liquidity Facility 2 — — 69,654 69,654 Accrued interest payable 2 86 86 326 326

SBA Loan Servicing Activities

SBA Loan Servicing Activities	3 Months Ended
	Mar. 31, 2022
Transfers and Servicing [Abstract]
SBA Loan Servicing Activities	SBA LOAN SERVICING ACTIVITIESAt March 31, 2022 and December 31, 2021, the principal balance of SBA loans, excluding PPP loans, retained by the Company was $271,317 and $300,415, respectively, of which $143,081 and $171,548 represented the guaranteed portion of the loans. Loans serviced for others are not included in the accompanying Consolidated Balance Sheets. The unpaid principal balances of SBA loans serviced for others requiring recognition of a servicing asset were $507,986 and $459,670 at March 31, 2022 and December 31, 2021, respectively. Activity for SBA loan servicing rights for the three months ended March 31, 2022 and March 31, 2021 follows: Three Months Ended March 31, 2022 March 31, 2021 Beginning of period $ 6,407 $ 8,160 Additions 1,689 — Amortization (697) (715) End of period $ 7,399 $ 7,445 The fair value of SBA loan servicing rights was $8,891 and $8,050 at March 31, 2022 and December 31, 2021, respectively. Fair value was determined using a weighted average discount rate of 13.25% and a weighted average prepayment speed of 10.26% at March 31, 2022. Fair value was determined using a weighted average discount rate of 12.13% and a weighted average prepayment speed of 10.37% at December 31, 2021. The SBA loan servicing rights are amortized over the life of a loan on a loan-by-loan basis. The following table presents the components of net gain (loss) on sale of SBA loans, excluding sale of PPP loans, for the three months ended March 31, 2022 and March 31, 2021: Three Months Ended March 31, 2022 March 31, 2021 Gain on sale of guaranteed SBA loans $ 3,236 $ — Loss on sale of unguaranteed SBA loans (348) — Costs recognized on sale of SBA loans 44 — Fair value of servicing rights created 1,689 — Gain on sale of SBA loans, net $ 4,621 $ —

Leases

Leases	3 Months Ended
	Mar. 31, 2022
Leases [Abstract]
Leases	LEASES For the three months ended March 31, 2022 and March 31, 2021, the components of total lease cost and supplemental information related to operating leases were as follows: Three Months Ended 2022 2021 Operating lease cost $ 387 $ 361 Short-term lease cost 136 195 Total lease cost, net $ 523 $ 556 Three Months Ended 2022 2021 Operating cash flows related to operating leases $ 380 $ 347 Right-of-use assets obtained in exchange for new operating lease liabilities — 136 $ 380 $ 483 At March 31, 2022, the weighted average discount rate of operating leases was 2.06% and the weighted average remaining life of operating leases was 4.10 years. The future minimum lease payments for operating leases, subsequent to March 31, 2022, as recorded on the balance sheet, are summarized as follows: 2022 $ 1,094 2023 1,172 2024 1,087 2025 685 2026 593 Thereafter 301 Total undiscounted lease payments $ 4,932 Less: imputed interest (555) Net lease liabilities $ 4,377

Other Borrowings

Other Borrowings	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Other Borrowings	OTHER BORROWINGS In June 2021 , the Company issued $6,000 of Subordinated Debentures (the “Debentures”) that mature June 30, 2031 and are redeemable after 5 years. The Debentures carry interest at a fixed rate of 4.50% per annum for the initial five years of term and carry interest at a floating rate for the final 5 years of term. Under the debt agreements, the floating rates are based on a SOFR benchmark plus 3.78% per annum. These Debentures were issued to redeem a $6,000 Subordinated Debenture which was issued in December 2018 and which carried interest at a rate of 6.875% per annum. The balance of Subordinated Debentures outstanding at the Company, net of offering costs, amounted to $5,987 and $5,985 at March 31, 2022 and December 31, 2021, respectively. In March 2020, the Company renegotiated the terms of its outstanding senior debt and combined its line of credit and term note into one amortizing note with quarterly principal and interest payments with interest at Prime (3.50% at March 31, 2022). The new note matures on March 10, 2029 and the balance of the note was $3,186 and $3,299 at March 31, 2022 and December 31, 2021, respectively. The note is secured by 100% of the stock of the Bank and requires the Company to comply with certain loan covenants during the term of the note. As of March 31, 2022, the Company was in compliance with all financial debt covenants.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2022
Share-based Payment Arrangement [Abstract]
Stock- Based Compensation	STOCK-BASED COMPENSATION The Equity Plan governs the Company’s restricted stock and stock options. Total compensation cost that was charged against income related to the Equity Plan was $179 and $141 for the three months ended March 31, 2022 and March 31, 2021, respectively. Restricted Stock The Company awarded shares of restricted common stock to certain employees for which compensation expense is recognized ratably over the vesting period of the awards based on the fair value of the stock at issue date. A summary of changes in the Company’s nonvested restricted shares for the three months ended March 31, 2022 follows: Shares Weighted-Average Nonvested at January 1, 2022 2,483 $ 14.86 Granted 34,925 21.50 Vested (3,111) 19.99 Forfeited (925) 21.45 Nonvested at March 31, 2022 33,372 $ 21.15 At March 31, 2022 there was $608 of total unrecognized compensation cost related to nonvested restricted shares granted under the Equity Plan that is expected to be recognized over a weighted average period of 2.8 years. The total fair value of shares vested during the three months ended March 31, 2022 and March 31, 2021 was $70 and $71, respectively. Stock Options The Equity Plan permits the grant of stock options to the Company’s employees and non-employee directors for up to 15% of the total number of shares of Company common stock issued and outstanding, up to 1,500,000 shares. Option awards are generally granted with an exercise price equal to the market price of the Company’s common stock at the date of grant. The market price of the Company’s common stock is the closing sales price of the Common Stock on such date on the securities exchange having the greatest volume of trading in the Common Stock during the 30-day period preceding the day the value is to be determined or, if there is no reported closing sales price on such date, the next preceding date on which there was a reported closing price. Those option awards generally have a vesting period of 5 years for employees and 3 years for non-employee directors and have 10-year contractual terms. The fair value of each option award is estimated on the date of grant using a closed form option valuation (Black-Scholes) model that uses the assumptions noted in the table below. Expected volatility is based on an average of historical volatility of peer financial institutions. The expected term of options granted represents the period of time that options granted are expected to be outstanding, which takes into account that the options are not transferable. The risk-free interest rate for the expected term of the option is based on the U.S. Treasury yield curve in effect at the time of grant. A summary of the activity in the Equity Plan for the three months ended March 31, 2022 follows: Shares Weighted Weighted Aggregate Outstanding at January 1, 2022 450,818 $ 15.64 Granted — — Exercised 1,195 14.75 Forfeited (2,304) 14.99 Expired — — Outstanding at March 31, 2022 449,709 $ 15.64 7.44 $ 3,963 Vested and exercisable at March 31, 2022 266,216 $ 15.89 7.06 $ 2,293 There were no options granted for during the three months ended March 31, 2022. The weighted average fair value of options granted during the three months ended March 31, 2021 was $3.51. Total unrecognized compensation cost related to nonvested stock options granted under the Equity Plan was $515 at March 31, 2022. This cost is expected to be recognized over a weighted average period of 2.21 years.

Other Benefit Plans

Other Benefit Plans	3 Months Ended
	Mar. 31, 2022
Postemployment Benefits [Abstract]
Other Benefit Plans	OTHER BENEFIT PLANSThe Company has established a stock dividend reinvestment and other stock purchase plan. Under the DRIP, eligible shareholders can voluntarily purchase stock with their dividend or can make additional stock purchases. During the three months ended March 31, 2022, there were no shares purchased. During the three months ended March 31, 2021, 6,339 shares were purchased at an average price of $16.83. During the year ended December 31, 2021, 17,971 shares were purchased at an average price of $21.68 per share. All employees and Directors are eligible to participate in the NSPP. Expense recognized in relation to the NSPP for the three months ended March 31, 2022 and March 31, 2021 was $25 and $19, respectively. The Company has a Salary Continuation Agreement, (the “Agreement”), with an executive officer. In accordance with the Agreement, the executive will receive an annual benefit of $25 for twenty years following separation of service. If early termination occurs before December 31, 2022, the executive will not receive any benefit under the Agreement. The liability recorded for the Agreement was $331 and $312 at March 31, 2022 and December 31, 2021, respectively, and the related expense for the three months ended March 31, 2022 and March 31, 2021 was $19 and $45, respectively. The Company has a 401(k) plan that covers all employees subject to certain age and service requirements. The Company contributes 3% of each employee’s salary each pay period as a safe harbor contribution. The Company may also match employee contributions each year at the discretion of the Board of Directors. Expense recognized in relation to the 401(k) plan was $660 and $786 for the three months ended March 31, 2022 and March 31, 2021, respectively. In December 2018, the Company approved an ESOP for eligible employees as of January 1, 2018. Each year, the Company’s Board of Directors may approve a discretionary percentage of employees’ salaries to be contributed to the ESOP for eligible employees. The Board approved 1% of salaries for eligible employees in 2021. Expense related to the ESOP was $192 and $459 for the three months ended March 31, 2022 and March 31, 2021, respectively, and was $490 for the year ended December 31, 2021. During the year ended December 31, 2021, $366 was contributed to the ESOP. The Company has contributed 57,620 common shares to the ESOP since its approval in December 2018.

Regulatory Matters

Regulatory Matters	3 Months Ended
	Mar. 31, 2022
Banking And Thrift Disclsoure [Abstract]
Regulatory Matters	REGULATORY MATTERS Banks and bank holding companies are subject to regulatory capital requirements administered by federal banking agencies. Capital adequacy guidelines and, additionally for banks, prompt corrective action regulations, involve quantitative measures of assets, liabilities, and certain off-balance sheet items calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgments by regulators. Failure to meet capital requirements can initiate regulatory action. Management believes that the Bank met all capital adequacy requirements to which it was subject at March 31, 2022 and December 31, 2021. Prompt corrective action regulations provide five classifications: well capitalized, adequately capitalized, undercapitalized, significantly undercapitalized, and critically undercapitalized, although these terms are not used to represent overall financial condition. If adequately capitalized, regulatory approval is required to accept brokered deposits. If undercapitalized, capital distributions are limited, as is asset growth and expansion, and capital restoration plans are required. At March 31, 2022 and December 31, 2021, the most recent regulatory notifications categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. There are no conditions or events since that notification that management believes have changed the institution’s classification. Actual and required capital amounts and ratios for the Bank are presented below at March 31, 2022: Actual Required for Capital Adequacy Purposes To be Well Amount Ratio Amount Ratio Amount Ratio Total Capital (to Risk Weighted Assets) $ 106,128 19.45 % $ 43,656 8.00 % $ 54,570 10.00 % Tier 1 Capital (to Risk Weighted Assets) $ 99,247 18.19 % $ 32,742 6.00 % $ 43,656 8.00 % Common Equity Tier 1 Capital (to Risk Weighted Assets) $ 99,247 18.19 % $ 24,556 4.50 % $ 35,470 6.50 % Tier 1 Capital (to Average Assets) $ 99,247 11.75 % $ 33,774 4.00 % $ 42,218 5.00 % Actual and required capital amounts and ratios for the Bank are presented below at December 31, 2021: Actual Required for Capital Adequacy Purposes To be Well Amount Ratio Amount Ratio Amount Ratio Total Capital (to Risk Weighted Assets) $ 106,002 21.25 % $ 39,909 8.00 % $ 49,886 10.00 % Tier 1 Capital (to Risk Weighted Assets) $ 99,656 19.98 % $ 29,932 6.00 % $ 39,909 8.00 % Common Equity Tier 1 Capital (to Risk Weighted Assets) $ 99,656 19.98 % $ 22,449 4.50 % $ 32,426 6.50 % Tier 1 Capital (to Average Assets) $ 99,656 12.22 % $ 32,619 4.00 % $ 40,774 5.00 % Dividend Restrictions

Mortgage Banking Activities

Mortgage Banking Activities	3 Months Ended
	Mar. 31, 2022
Mortgage Banking [Abstract]
Mortgage Banking Activities	MORTGAGE BANKING ACTIVITIES The following table presents the components of residential loan fee income for the three months ended March 31, 2022 and March 31, 2021: Three Months Ended 2022 2021 Net gain realized on sale of residential loans held for sale $ 9,070 $ 28,944 Net change in fair value recognized on residential loans held for sale (2,999) (5,333) Net change in fair value recognized on interest rate lock commitments (1,332) (5,555) Net change in fair value recognized on mandatory and best efforts forward sales contracts 6,945 10,862 Mortgage banking fees 1,507 3,111 Residential loan fee income $ 13,191 $ 32,029 As part of its mortgage banking activities, the Company enters into interest rate lock commitments, which are commitments to originate loans where the interest rate on the loan is determined prior to funding and the clients have locked into that interest rate. The Company then locks in the loan and interest rate with an investor and commits to deliver the loan if settlement occurs (“best efforts”) or commits to deliver the locked loan in a binding (“mandatory”) delivery program with an investor. It is the Company’s practice to enter into forward commitments for the future delivery of residential mortgage loans when interest rate lock commitments are entered into in order to economically hedge the effect of changes in interest rates resulting from its commitments to fund the loans. Interest rate lock commitments and mandatory commitments to deliver loans to investors are considered derivatives. At March 31, 2022 and December 31, 2021, the Company had interest rate lock commitments of $135,665 and $108,122, mandatory forwards contracts of $158,500 and $142,500, and forward sales contracts of $12,794 and $7,375, respectively. The fair value of these mortgage banking derivatives was reflected by a total derivative asset of $3,231 and $1,550 and a total derivative liability of $737 and $189 at March 31, 2022 and December 31, 2021, respectively. Fair values were estimated based on changes in mortgage interest rates from the date of the commitments. Changes in the fair values of these mortgage banking derivatives are included in residential loan fee income in the Consolidated Statements of Income. The net gains (losses) relating to free-standing derivative instruments used for risk management at March 31, 2022 and December 31, 2021 are summarized below: March 31, 2022 December 31, 2021 Mandatory forward sales contracts $ 2,389 $ (78) Best efforts forward sales contracts 30 27 Interest rate lock commitments 75 1,412 The following table reflects the amount and fair value of mortgage banking derivatives included in the Consolidated Balance Sheets at March 31, 2022 and December 31, 2021: March 31, 2022 December 31, 2021 Notional Fair Notional Fair Included in other assets: Interest rate lock commitments $ 79,458 $ 760 $ 103,572 $ 1,435 Mandatory forward sales contracts 146,500 2,441 60,000 88 Best efforts forward sales contracts 12,794 30 7,375 27 Included in other liabilities: Interest rate lock commitments 56,207 685 4,550 23 Mandatory forward sales contracts 12,000 52 82,500 166

Loan Commitments and Other Rela

Loan Commitments and Other Related Activities	3 Months Ended
	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Loan Commitments and Other Related Activities	LOAN COMMITMENTS AND OTHER RELATED ACTIVITIES Some financial instruments, such as loan commitments, credit lines, letters of credit, and overdraft protection, are issued to meet customer financing needs. These are agreements to provide credit or to support the credit of others, as long as conditions established in the contract are met, and usually have expiration dates. Commitments may expire without being used. Off-balance sheet risk to credit loss exists up to the face amount of these instruments, although material losses are not anticipated. The same credit policies that are used for loans are used to make such commitments, including obtaining collateral at exercise of the commitment. The contractual amounts of financial instruments with off-balance sheet risk at March 31, 2022 and December 31, 2021 were as follows: March 31, 2022 December 31, 2021 Unfunded loan commitments $ 15,411 $ 18,567 Unused lines of credit 62,470 52,076 Standby letters of credit 68 68 All unused lines of credit at March 31, 2022 and December 31, 2021 were variable rate lines of credit and the majority of unfunded loan commitments at March 31, 2022 and December 31, 2021 were commitments to fund variable rate loans. Unfunded loan commitments are generally entered into for periods of 90 days or less.

Earnings Per Common Share

Earnings Per Common Share	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Earnings Per Common Share	EARNINGS PER COMMON SHARE The following table sets forth the computation of basic and diluted earnings per common share for the three months ended March 31, 2022 and 2021: Three Months Ended 2022 2021 Basic: Net income $ 13 $ 7,511 Less: Preferred stock dividends 208 332 Net income (loss attributable to) available to common shareholders $ (195) $ 7,179 Weighted average common shares outstanding 4,003,499 3,509,115 Basic earnings (loss) per common share $ (0.05) $ 2.05 Diluted: Net income $ 13 $ 7,511 Less: Preferred stock dividends 208 332 Add: Series B preferred stock dividends — 187 Net income (loss attributable to) available to common shareholders $ (195) $ 7,366 Weighted average common shares outstanding for basic earnings per common share 4,003,499 3,509,115 Add: Dilutive effects of conversion of Series B preferred stock to common stock — 447,523 Add: Dilutive effects of assumed exercises of stock options/warrants — 82,349 Average shares and dilutive potential common shares 4,003,499 4,038,987 Diluted earnings (loss) per common share $ (0.05) $ 1.82 As a result of incurring a net loss attributable to common shareholders for the three months ended March 31, 2022 , potential convertible Series B preferred stock, stock options and warrants of 285,751 were excluded from diluted loss per share because the effect would have been anti-dilutive. Common stock options of 70,260 shares were exclud ed in computing diluted earnings per common share for the three months ended March 31, 2021, because they were anti-dilutive.

Operating Segments

Operating Segments	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Operating Segments	OPERATING SEGMENTS The Company has two reportable segments: Banking and Residential Mortgage Lending. The Banking segment provides a variety of traditional community banking services through its full-service banking centers located in St. Petersburg, Seminole, Pinellas Park, Clearwater, Sarasota, Tampa, and Belleair Bluffs, Florida, as well as SBA lending services throughout the nation. The Residential Mortgage Lending segment originates residential mortgage loans primarily for sale in the secondary market with offices throughout the nation. Loans and deposits provide the revenues in the Banking segment and loan sales provide the revenues in the Residential Lending segment. Segment profit and loss is measured by net income after income tax. Inter-segment transactions are recorded at cost and eliminated as part of the consolidation process. Due to the interrelationships of the various segments, the information presented is not indicative of how the segments would perform if they operated as independent entities. Information about reportable segments and reconciliation of such information to the Consolidated Financial Statements follows: Three Months Ended Three Months Ended Residential Banking Consolidated Residential Banking Consolidated Interest income $ 737 $ 7,003 $ 7,740 $ 1,218 $ 13,674 $ 14,892 Interest expense 531 803 1,334 790 1,472 2,262 Net interest income 206 6,200 6,406 428 12,202 12,630 Provision for loan losses — (2,400) (2,400) — 2,000 2,000 Residential loan fee income 13,191 — 13,191 32,029 — 32,029 Internal transfer for portfolio loans originated 130 (130) — 69 (69) — Other noninterest income 6 5,671 5,677 12 1,118 1,130 Total noninterest income 13,327 5,541 18,868 32,110 1,049 33,159 Total noninterest expense 13,776 13,871 27,647 23,127 10,594 33,721 Income before income tax expense (benefit) (243) 270 27 9,411 657 10,068 Income tax expense (benefit) (68) 82 14 2,635 (78) 2,557 Net income (loss) $ (175) $ 188 $ 13 $ 6,776 $ 735 $ 7,511 Period end assets $ 80,030 $ 808,511 $ 888,541 $ 218,040 $ 1,498,791 $ 1,716,831

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Basis of Presentation	The accompanying unaudited consolidated financial statements include BayFirst Financial Corp. and its wholly owned subsidiary, First Home Bank d/b/a BayFirst Bank, together referred to as “the Company”. These unaudited consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles followed within the financial services industry for interim financial information and Article 8 of Regulation S-X. Accordingly, they do not include all of the information or notes required for complete financial statements. The condensed consolidated balance sheet as of December 31, 2021 has been derived from the audited consolidated financial statements of BayFirst Financial Corp. for that period.
Segment Reporting	The Company principally operates in two business segments, Banking and Residential Mortgage Lending.
Use of Estimates	Use of Estimates : To prepare financial statements in conformity with GAAP, management makes estimates and assumptions based on available information. These estimates and assumptions affect the amounts reported in the financial statements and the disclosures provided, and actual results could differ. The most significant estimates relate to the allowance for loan losses, SBA loan servicing rights, and fair value of residential loans held for sale and residential mortgage derivatives.
Contingencies	Contingencies :
New Accounting Standards Not Yet Adopted	New Accounting Standards Not Yet Adopted : In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” (“ASU 2016-13”) . This new guidance was issued to replace the incurred loss model for loans and other financial assets with an expected loss model, which is referred to as the CECL model. The CECL model is applicable to the measurement of credit losses on financial assets measured at amortized cost, including loan receivables and debt securities held to maturity. It also applies to off-balance sheet credit exposures not accounted for as insurance (i.e., loan commitments, standby letters of credit, financial guarantees, and other similar instruments) and net investments in certain leases recognized by a lessor. In addition, the amendments in ASU 2016-13 require credit losses on securities available for sale to be presented as a valuation allowance rather than as a direct write-down thereon. The amendments in this ASU are effective for the Company for fiscal years beginning after December 15, 2022, and interim periods within those fiscal years. Early adoption is permitted; however, the Company has elected to adopt new or revised accounting standards using the delayed effective dates applicable to Emerging Growth Companies. Management is in the process of evaluating the impact of adoption of this ASU on its Consolidated Financial Statements, processes, and controls and is not currently able to reasonably estimate the impact of adoption on the Company’s consolidated financial position, results of operations; however, adoption is likely to lead to significant changes in accounting policies related to, and the methods employed in estimating, the allowance for credit losses. It is possible that the impact will be material to the Company’s consolidated financial position and results of operations. To date, the Company has established a CECL steering committee and has an implementation plan. The Company is reviewing potential methodologies for estimating expected credit losses using reasonable and supportable forecast information to use in the CECL model. ASU 2022-02, “Financial Instruments - Credit Losses (Topic 326)” (“ASU 2022-02”) eliminates the guidance on troubled debt restructurings and requires entities to evaluate all loan modifications to determine if they result in a new loan or a continuation of the existing loan. ASU 2022-02 also requires that entities disclose current-period gross charge-offs by year of origination for loans and leases. ASU 2022-02 is effective January 1, 2023 and is not expected to have a significant impact on our financial statement disclosures.
Fair Value Measurement	SBA Loan Servicing Rights : On a quarterly basis, SBA loan servicing rights are evaluated for impairment based upon the fair value of the rights as compared to the carrying amount. If the carrying amount exceeds fair value, impairment is recorded so that the servicing asset is carried at fair value. The fair value of SBA servicing rights is based on a valuation model that calculates the present value of estimated net servicing income. The valuation model incorporates assumptions that market participants would use in estimating future net servicing income. There were no SBA loan servicing rights carried at fair value at March 31, 2022 and December 31, 2021.

Investment Securities (Tables)

Investment Securities (Tables)	3 Months Ended
	Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Schedule of Securities Available for Sale	The amortized costs, gross unrealized gains and losses, and estimated fair values of securities available for sale at March 31, 2022 and December 31, 2021 are summarized as follows: March 31, 2022 Amortized Gross Gross Fair Investment securities available for sale: Asset-backed securities $ 7,621 $ — $ (50) $ 7,571 Mortgage-backed securities: U.S. Government-sponsored enterprises 4,388 — (323) 4,065 Collateralized mortgage obligations: U.S. Government-sponsored enterprises 23,721 — (1,575) 22,146 Corporate bonds 7,874 — — 7,874 Total investment securities available for sale $ 43,604 $ — $ (1,948) $ 41,656 December 31, 2021 Amortized Gross Gross Fair Investment securities available for sale: Asset-backed securities $ 7,624 $ — $ (89) $ 7,535 Mortgage-backed securities: U.S. Government-sponsored enterprises 4,470 — (76) 4,394 Collateralized mortgage obligations: U.S. Government-sponsored enterprises 19,370 — (406) 18,964 Total investment securities available for sale $ 31,464 $ — $ (571) $ 30,893
Schedule of Unrealized Loss on Investments	The following table summarizes securities with unrealized losses at March 31, 2022 and December 31, 2021 aggregated by security type and length of time in a continuous unrealized loss position: Less than 12 Months 12 Months or Longer Total March 31, 2022 Far Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Asset-backed securities $ 7,571 $ (50) $ — $ — $ 7,571 $ (50) Mortgage-backed securities: U.S. Government-sponsored enterprises 4,065 (323) 4,065 (323) Collateralized mortgage obligations: U.S. Government-sponsored enterprises 17,215 (1,575) — — 17,215 (1,575) Total securities available for sale $ 28,851 $ (1,948) $ — $ — $ 28,851 $ (1,948) December 31, 2021 Asset-backed securities $ 7,535 $ (89) $ — $ — $ 7,535 $ (89) Mortgage-backed securities: U.S. Government-sponsored enterprises 4,394 (76) — — 4,394 (76) Collateralized mortgage obligations: U.S. Government-sponsored enterprises 18,964 (406) — — 18,964 (406) Total securities available for sale $ 30,893 $ (571) $ — $ — $ 30,893 $ (571)
Investments Classified by Contractual Maturity	March 31, 2022 Amortized Fair One to five years 5,018 5,018 Five to ten years 2,856 2,856 Beyond ten years 35,730 33,782 Total $ 43,604 $ 41,656

Loans (Tables)

Loans (Tables)	3 Months Ended
	Mar. 31, 2022
Receivables [Abstract]
Schedule of Loans for Investment at Amortized Cost	Loans held for investment, at amortized cost, at March 31, 2022 and December 31, 2021 were as follows: March 31, December 31, Real estate: Residential $ 102,897 $ 87,235 Commercial 189,684 163,477 Construction and land 18,038 18,632 Commercial and industrial 180,163 217,155 Commercial and industrial - PPP 44,792 80,158 Consumer and other 13,502 3,581 Loans held for investment, at amortized cost, gross 549,076 570,238 Deferred loan costs, net 7,297 7,975 Discount on SBA 7(a) loans sold (1) (3,335) (3,866) Discount on PPP loans purchased (10) (13) Allowance for loan losses (10,170) (13,452) Loans held for investment, at amortized cost $ 542,858 $ 560,882 (1) The Company allocates the retained portion of loans sold based on relative fair value of the retained portion and the sold portion, which results in a discount on the retained portion.

Allowance for Loan Losses (Tabl

Allowance for Loan Losses (Tables)	3 Months Ended
	Mar. 31, 2022
Receivables [Abstract]
Schedule of Allowance for Loans Losses and Recorded Investment in Loans by Loan Segment	The following schedule presents the activity in the allowance for loan losses by loan segment for the three months ended March 31, 2022 and March 31, 2021: Three Months Ended 2022 2021 Balance, beginning of period $ 13,452 $ 21,162 Charge-offs: Commercial and industrial (1,031) (1,137) Consumer and other (15) (16) Total charge-offs (1,046) (1,153) Recoveries: Real estate - commercial 8 — Commercial and industrial 153 5 Consumer and other 3 3 Total recoveries 164 8 Net (charge-offs) (882) (1,145) Provision for loan losses (2,400) 2,000 Balance, end of period $ 10,170 $ 22,017 Net (charge-offs) to total average loans held for investment (0.61) % (0.35) % The following table presents the balance in the allowance for loan losses and the recorded investment in loans by loan segment and based on impairment method at March 31, 2022. The government guaranteed loan balances are included in the collectively evaluated for impairment balances. Real Estate- Real Estate- Real Estate - Commercial Commercial Consumer Unallocated Total Allowance for loan losses: Individually evaluated for impairment $ — $ 126 $ — $ 239 $ — $ — $ — $ 365 Collectively evaluated for impairment 668 1,393 124 7,081 — 429 110 9,805 Total $ 668 $ 1,519 $ 124 $ 7,320 $ — $ 429 $ 110 $ 10,170 Loans: Individually evaluated for impairment $ 123 $ 2,257 $ — $ 239 $ — $ — $ — $ 2,619 Collectively evaluated for impairment 102,774 187,427 18,038 179,924 44,792 13,502 — 546,457 Total $ 102,897 $ 189,684 $ 18,038 $ 180,163 $ 44,792 $ 13,502 $ — $ 549,076 The following table presents the balance in the allowance for loan losses and the recorded investment in loans by loan segment and based on impairment method at December 31, 2021. The government guaranteed loan balances are included in the collectively evaluated for impairment balances. Real Estate- Real Estate- Real Estate - Commercial Commercial Consumer Unallocated Total Allowance for loan losses: Individually evaluated for impairment $ — $ 91 $ — $ 902 $ — $ — $ — $ 993 Collectively evaluated for impairment 1,437 2,258 241 8,300 — 154 69 12,459 Total $ 1,437 $ 2,349 $ 241 $ 9,202 $ — $ 154 $ 69 $ 13,452 Loans: Individually evaluated for impairment $ 124 $ 2,900 $ — $ 902 $ — $ — $ — $ 3,926 Collectively evaluated for impairment 87,111 160,577 18,632 216,253 80,158 3,581 — 566,312 Total $ 87,235 $ 163,477 $ 18,632 $ 217,155 $ 80,158 $ 3,581 $ — $ 570,238
Summary of Information Related to Impaired Loans by Loan Segment	The following table presents information related to impaired loans by loan segment at and for the three months ended March 31, 2022: Unpaid Recorded Allowance for Loan Losses Allocated Average Recorded Investment Interest Income Recognized Cash Basis Interest Recognized With no related allowance recorded: Real estate - residential $ 123 $ 123 $ — $ 62 $ — $ — Real estate - commercial 2,088 2,088 — 2,557 2 2 Subtotal 2,211 2,211 — 2,619 2 2 With an allowance recorded: Real estate - commercial 169 169 126 134 — — Commercial and industrial 239 239 239 696 — — Subtotal 408 408 365 830 — — Total $ 2,619 $ 2,619 $ 365 $ 3,449 $ 2 $ 2 The following table presents information related to impaired loans by loan segment at and for the three months ended March 31, 2021: Unpaid Recorded Allowance for Loan Losses Allocated Average Recorded Investment Interest Income Recognized Cash Basis Interest Recognized With no related allowance recorded: Real estate - commercial 2,193 2,193 — 1,732 20 — Subtotal 2,193 2,193 — 1,732 20 — With an allowance recorded: Real estate - commercial 91 91 39 584 — — Commercial and industrial 856 856 856 902 — — Subtotal 947 947 895 1,486 — — Total $ 3,140 $ 3,140 $ 895 $ 3,218 $ 20 $ —
Schedule of Recorded Investment in Nonaccrual and Loans Past Due over 89 Days Still on Accrual by Loan Segment	The following tables present the recorded investment in nonaccrual and loans past due over 89 days still on accrual by loan segment at March 31, 2022 and December 31, 2021. In the following table, the recorded investment does not include the government guaranteed balance. Nonaccrual Loans Past Due Over March 31, 2022 December 31, 2021 March 31, 2022 December 31, 2021 Real estate - residential $ 123 $ 124 $ — $ 126 Real estate - commercial 2,175 2,815 124 — Commercial and industrial 239 902 — — Total $ 2,537 $ 3,841 $ 124 $ 126
Schedule of Aging of Recorded Investment in Past Due Loans	The following table presents the aging of the recorded investment in past due loans at March 31, 2022 by loan segment: 30-89 Days Greater Than Total Past Due Loans Not Past Due (1) Total Loans Real estate - residential $ 179 $ 124 $ 303 $ 102,594 $ 102,897 Real estate - commercial 1,239 1,181 2,420 187,264 189,684 Real estate - construction and land — — — 18,038 18,038 Commercial and industrial 3,417 182 3,599 176,564 180,163 Commercial and industrial - PPP — — — 44,792 44,792 Consumer and other 9 — 9 13,493 13,502 Total $ 4,844 $ 1,487 $ 6,331 $ 542,745 $ 549,076 (1) For the purposes of the table above, $4,993 of balances 30-89 days past due and $1,539 of balances greater than 89 days past due are reported as Loans Not Past Due as a result of the government guaranty. None of commercial and industrial PPP loans were delinquent as of March 31, 2022. The following table presents the aging of the recorded investment in past due loans at December 31, 2021 by loan segment: 30-89 Days Greater Than Total Past Due Loans Not Past Due (1) Total Loans Real estate - residential $ 57 $ 250 $ 307 $ 86,928 $ 87,235 Real estate - commercial 192 1,778 1,970 161,507 163,477 Real estate - construction and land — — — 18,632 18,632 Commercial and industrial 991 424 1,415 215,740 217,155 Commercial and industrial - PPP — — — 80,158 80,158 Consumer and other — — — 3,581 3,581 Total $ 1,240 $ 2,452 $ 3,692 $ 566,546 $ 570,238 (1) For the purposes of the table above, $10,360 of balances 30-89 days past due and $2,807 of balances greater than 89 days past due are reported as Loans Not Past Due as a result of the government guaranty, and $11,089 of commercial and industrial PPP loans are primarily due to delinquencies from borrowers with only a PPP loan and no other First Home Bank product. These borrowers were non-responsive to requests for forgiveness applications and payments, and applications were subsequently submitted to the SBA for their 100% guarantee purchase from the Bank.
Summary of Credit Exposure for the Loan Portfolio Disaggregated by Loan Segment	The table below sets forth credit exposure for the loan portfolio disaggregated by loan segment based on internally assigned risk ratings at March 31, 2022: Pass Special Substandard Doubtful Total Loans Real estate - residential $ 102,897 $ — $ — $ — $ 102,897 Real estate - commercial 187,230 280 2,174 — 189,684 Real estate - construction and land 18,038 — — — 18,038 Commercial and industrial 177,256 441 2,466 — 180,163 Commercial and industrial - PPP 44,792 — — — 44,792 Consumer and other 13,502 — — — 13,502 Loans held for investment, at amortized cost $ 543,715 $ 721 $ 4,640 $ — $ 549,076 The table below sets forth credit exposure for the loan portfolio disaggregated by loan segment based on internally assigned risk ratings at December 31, 2021: Pass Special Substandard Doubtful Total Loans Real estate - residential $ 87,233 $ — $ 2 $ — $ 87,235 Real estate - commercial 160,492 170 2,815 — 163,477 Real estate - construction and land 18,632 — — — 18,632 Commercial and industrial 212,544 1,850 2,761 — 217,155 Commercial and industrial - PPP 80,158 — — — 80,158 Consumer and other 3,581 — — — 3,581 Loans held for investment, at amortized cost $ 562,640 $ 2,020 $ 5,578 $ — $ 570,238
Schedule of Loans Classified as Troubled Debt Restructuring and Loan Modifications Related to Covid-19	The following table presents loans classified as TDR at March 31, 2022 and December 31, 2021: March 31, 2022 December 31, 2021 Accruing Nonaccruing Accruing Nonaccruing Real estate - commercial $ 34 $ 532 $ 85 $ 1,116 Loan modifications related to COVID-19 at March 31, 2022 and December 31, 2021 are presented in the table below: March 31, 2022 December 31, 2021 Number of Outstanding Number of Loans Outstanding Recorded Investment Real estate - residential — $ — 1 $ 258 Commercial and industrial 13 676 23 1,113 Total loan modifications related to COVID-19 13 $ 676 24 $ 1,371

Fair Value (Tables)

Fair Value (Tables)	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Schedule of assets and liabilities measured at fair value on a recurring basis	Assets and liabilities measured at fair value on a recurring basis at March 31, 2022 are summarized below: Quoted Prices in Significant Significant Unobservable Inputs (Level 3) Total Financial assets Investment securities available for sale $ — $ 41,656 $ — $ 41,656 Residential loans held for sale 8,515 66,507 — 75,022 SBA loans held for investment, at fair value — — 8,769 8,769 Interest rate lock commitments — — 760 760 Mandatory forward sales contracts 2,441 — — 2,441 Best efforts forward sales contracts — — 30 30 Financial liabilities Interest rate lock commitments $ — $ — $ 685 $ 685 Mandatory forward sales contracts 52 — — 52 Assets and liabilities measured at fair value on a recurring basis at December 31, 2021 are summarized below: Quoted Prices in Significant Significant Unobservable Inputs (Level 3) Total Financial assets Investment securities available for sale $ — $ 30,893 $ — $ 30,893 Residential loans held for sale 43,837 70,294 — 114,131 SBA loans held for investment, at fair value — — 9,614 9,614 Interest rate lock commitments — — 1,435 1,435 Mandatory forward sales contracts 88 — — 88 Best efforts forward sales contracts — — 27 27 Financial liabilities Interest rate lock commitments $ — $ — $ 23 $ 23 Mandatory forward sales contracts 166 — — 166
Schedule of fair value for loans	The aggregate fair value, contractual balance, and gain at March 31, 2022 and December 31, 2021 for residential loans held for sale were as follows: March 31, 2022 December 31, 2021 Aggregate fair value $ 75,022 $ 114,131 Contractual balance 74,225 110,335 Gain $ 797 $ 3,796 The total amount of losses from changes in fair value and interest income included in earnings for the three months ended March 31, 2022 and March 31, 2021 for residential loans held for sale were as follows: Three Months Ended March 31, 2022 2021 Interest income $ 737 $ 1,219 Change in fair value (2,999) (5,333) Total (loss) $ (2,262) $ (4,114) The aggregate fair value, contractual balance, and gain (loss) at March 31, 2022 and December 31, 2021 for SBA loans held for investment, at fair value, were as follows: March 31, 2022 December 31, 2021 Aggregate fair value $ 8,769 $ 9,614 Contractual balance 8,785 9,433 Gain (loss) $ (16) $ 181 The total amount of gains and losses from changes in fair value and interest income included in earnings for the three months ended March 31, 2022 and March 31, 2021 for SBA loans held for investment, at fair value, were as follows: Three Months Ended March 31, 2022 2021 Interest income $ 85 $ 132 Change in fair value (197) 72 Total gain (loss) $ (112) $ 204
Schedule of valuation technique and unobservable inputs used in the valuation of SBA loans held for investment, at fair value	The table below presents a reconciliation of SBA loans held for investment, at fair value, which were valued on a recurring basis and used significant unobservable inputs (Level 3) for the three months ended March 31, 2022 and March 31, 2021: Three Months Ended March 31, 2022 2021 Balance of SBA loans held for investment at fair value, beginning of period $ 9,614 $ 9,264 Principal payments (648) (262) Repurchase of guaranteed balances previously participated — 1,401 Total gains during the period (197) 72 Balance of SBA loans held for investment at fair value, end of period $ 8,769 $ 10,475 Fair Value Valuation Unobservable Inputs Range (Weighted Average) March 31, 2022 SBA loans held for $ 8,769 Discounted Discount rate 4.01%-7.51% (5.06%) investment, at fair value cash flow Conditional prepayment rate 10.56%-10.56% (10.56%) Interest rate lock commitments 75 Quoted Market Prices Pull-through expectations 24.00%-100.00% (85.96%) Best efforts forward sales contracts 30 Quoted Market Prices Pull-through expectations 24.00%-80.00% (72.46%) December 31, 2021 SBA loans held for $ 9,614 Discounted Discount rate 3.22%-6.72% (4.22%) investment, at fair value cash flow Conditional prepayment rate 10.56%-10.56% (10.56%) Interest rate lock commitments 1,412 Quoted Market Prices Pull-through expectations 24.00%-100.00% (84.40%) Best efforts forward sales contracts 27 Quoted Market Prices Pull-through expectations 24.00%-80.00% (65.79%)
Schedule of assets measured at fair value on a nonrecurring basis	Assets measured at fair value on a nonrecurring basis at March 31, 2022 are summarized below: Fair Value Valuation Technique(s) Significant Discount % Range/Amount Impaired loans $ 987 Discount appraisals, estimated net realizable value of collateral Collateral discounts 10% Assets measured at fair value on a nonrecurring basis at December 31, 2021 are summarized below: Fair Value Valuation Technique(s) Significant Discount % Range/Amount Impaired loans $ 1,614 Discount appraisals, estimated net realizable value of collateral Collateral discounts 10%
Summary of the carrying values and estimated values of financial instruments not carried at fair value	The carrying values and estimated fair values of financial instruments not carried at fair value, at March 31, 2022 and December 31, 2021 are as follows: March 31, 2022 December 31, 2021 Level Carrying Value Fair Value Carrying Value Fair Value Assets: Cash and cash equivalents 1 $ 122,101 $ 122,101 $ 109,727 $ 109,727 Time deposits in banks 2 3,881 3,874 2,381 2,437 Investment securities held to maturity 2 2 2 2 2 Restricted equity securities, at cost 2 2,520 2,520 2,827 2,827 Government guaranteed loans held for sale 2 1,445 1,539 1,460 1,460 Loans held for investment, at amortized cost 3 542,858 542,402 560,882 569,394 Accrued interest receivable 3 3,150 3,150 3,564 3,564 SBA loan servicing rights 3 7,399 8,891 6,407 8,050 Mortgage loan servicing rights 3 202 202 212 212 Liabilities: Noninterest-bearing deposits 2 $ 92,680 $ 92,680 $ 83,638 $ 83,638 Interest-bearing transaction accounts 2 180,815 180,815 163,495 163,495 Savings and money market deposits 2 464,847 464,847 423,864 423,864 Time deposits 2 31,787 31,832 50,688 51,049 Subordinated debentures 2 5,987 6,040 5,985 6,175 Notes payable 2 3,186 3,308 3,299 3,350 PPP Liquidity Facility 2 — — 69,654 69,654 Accrued interest payable 2 86 86 326 326

SBA Loan Servicing Activities (

SBA Loan Servicing Activities (Tables)	3 Months Ended
	Mar. 31, 2022
Transfers and Servicing [Abstract]
Schedule of activity for SBA loan servicing rights	Activity for SBA loan servicing rights for the three months ended March 31, 2022 and March 31, 2021 follows: Three Months Ended March 31, 2022 March 31, 2021 Beginning of period $ 6,407 $ 8,160 Additions 1,689 — Amortization (697) (715) End of period $ 7,399 $ 7,445
Schedule of net gain on sale of SBA loans	The following table presents the components of net gain (loss) on sale of SBA loans, excluding sale of PPP loans, for the three months ended March 31, 2022 and March 31, 2021: Three Months Ended March 31, 2022 March 31, 2021 Gain on sale of guaranteed SBA loans $ 3,236 $ — Loss on sale of unguaranteed SBA loans (348) — Costs recognized on sale of SBA loans 44 — Fair value of servicing rights created 1,689 — Gain on sale of SBA loans, net $ 4,621 $ —

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2022
Leases [Abstract]
Summary of Total Lease Cost and Supplemental Information	For the three months ended March 31, 2022 and March 31, 2021, the components of total lease cost and supplemental information related to operating leases were as follows: Three Months Ended 2022 2021 Operating lease cost $ 387 $ 361 Short-term lease cost 136 195 Total lease cost, net $ 523 $ 556 Three Months Ended 2022 2021 Operating cash flows related to operating leases $ 380 $ 347 Right-of-use assets obtained in exchange for new operating lease liabilities — 136 $ 380 $ 483
Schedule of Future Minimum Lease Payments	The future minimum lease payments for operating leases, subsequent to March 31, 2022, as recorded on the balance sheet, are summarized as follows: 2022 $ 1,094 2023 1,172 2024 1,087 2025 685 2026 593 Thereafter 301 Total undiscounted lease payments $ 4,932 Less: imputed interest (555) Net lease liabilities $ 4,377

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2022
Share-based Payment Arrangement [Abstract]
Summary of Nonvested Restricted Shares	A summary of changes in the Company’s nonvested restricted shares for the three months ended March 31, 2022 follows: Shares Weighted-Average Nonvested at January 1, 2022 2,483 $ 14.86 Granted 34,925 21.50 Vested (3,111) 19.99 Forfeited (925) 21.45 Nonvested at March 31, 2022 33,372 $ 21.15
Summary of Activity in the Equity Plan	A summary of the activity in the Equity Plan for the three months ended March 31, 2022 follows: Shares Weighted Weighted Aggregate Outstanding at January 1, 2022 450,818 $ 15.64 Granted — — Exercised 1,195 14.75 Forfeited (2,304) 14.99 Expired — — Outstanding at March 31, 2022 449,709 $ 15.64 7.44 $ 3,963 Vested and exercisable at March 31, 2022 266,216 $ 15.89 7.06 $ 2,293

Regulatory Matters (Tables)

Regulatory Matters (Tables)	3 Months Ended
	Mar. 31, 2022
Banking And Thrift Disclsoure [Abstract]
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations	Actual and required capital amounts and ratios for the Bank are presented below at March 31, 2022: Actual Required for Capital Adequacy Purposes To be Well Amount Ratio Amount Ratio Amount Ratio Total Capital (to Risk Weighted Assets) $ 106,128 19.45 % $ 43,656 8.00 % $ 54,570 10.00 % Tier 1 Capital (to Risk Weighted Assets) $ 99,247 18.19 % $ 32,742 6.00 % $ 43,656 8.00 % Common Equity Tier 1 Capital (to Risk Weighted Assets) $ 99,247 18.19 % $ 24,556 4.50 % $ 35,470 6.50 % Tier 1 Capital (to Average Assets) $ 99,247 11.75 % $ 33,774 4.00 % $ 42,218 5.00 % Actual and required capital amounts and ratios for the Bank are presented below at December 31, 2021: Actual Required for Capital Adequacy Purposes To be Well Amount Ratio Amount Ratio Amount Ratio Total Capital (to Risk Weighted Assets) $ 106,002 21.25 % $ 39,909 8.00 % $ 49,886 10.00 % Tier 1 Capital (to Risk Weighted Assets) $ 99,656 19.98 % $ 29,932 6.00 % $ 39,909 8.00 % Common Equity Tier 1 Capital (to Risk Weighted Assets) $ 99,656 19.98 % $ 22,449 4.50 % $ 32,426 6.50 % Tier 1 Capital (to Average Assets) $ 99,656 12.22 % $ 32,619 4.00 % $ 40,774 5.00 %

Mortgage Banking Activities (Ta

Mortgage Banking Activities (Tables)	3 Months Ended
	Mar. 31, 2022
Mortgage Banking [Abstract]
Schedule of Components of Residential Loan Fee Income	The following table presents the components of residential loan fee income for the three months ended March 31, 2022 and March 31, 2021: Three Months Ended 2022 2021 Net gain realized on sale of residential loans held for sale $ 9,070 $ 28,944 Net change in fair value recognized on residential loans held for sale (2,999) (5,333) Net change in fair value recognized on interest rate lock commitments (1,332) (5,555) Net change in fair value recognized on mandatory and best efforts forward sales contracts 6,945 10,862 Mortgage banking fees 1,507 3,111 Residential loan fee income $ 13,191 $ 32,029
Schedule of Net Gains (Losses) Relating to Free-Standing Derivative Instruments Used for Risk Management	The net gains (losses) relating to free-standing derivative instruments used for risk management at March 31, 2022 and December 31, 2021 are summarized below: March 31, 2022 December 31, 2021 Mandatory forward sales contracts $ 2,389 $ (78) Best efforts forward sales contracts 30 27 Interest rate lock commitments 75 1,412
Schedule of Derivative Assets at Fair Value	The following table reflects the amount and fair value of mortgage banking derivatives included in the Consolidated Balance Sheets at March 31, 2022 and December 31, 2021: March 31, 2022 December 31, 2021 Notional Fair Notional Fair Included in other assets: Interest rate lock commitments $ 79,458 $ 760 $ 103,572 $ 1,435 Mandatory forward sales contracts 146,500 2,441 60,000 88 Best efforts forward sales contracts 12,794 30 7,375 27 Included in other liabilities: Interest rate lock commitments 56,207 685 4,550 23 Mandatory forward sales contracts 12,000 52 82,500 166
Schedule of Derivative Liabilities at Fair Value	March 31, 2022 December 31, 2021 Notional Fair Notional Fair Included in other assets: Interest rate lock commitments $ 79,458 $ 760 $ 103,572 $ 1,435 Mandatory forward sales contracts 146,500 2,441 60,000 88 Best efforts forward sales contracts 12,794 30 7,375 27 Included in other liabilities: Interest rate lock commitments 56,207 685 4,550 23 Mandatory forward sales contracts 12,000 52 82,500 166

Loan Commitments and Other Re_2

Loan Commitments and Other Related Activities (Tables)	3 Months Ended
	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Summary of Financial Instruments With Off-Balance Sheet Risk	The contractual amounts of financial instruments with off-balance sheet risk at March 31, 2022 and December 31, 2021 were as follows: March 31, 2022 December 31, 2021 Unfunded loan commitments $ 15,411 $ 18,567 Unused lines of credit 62,470 52,076 Standby letters of credit 68 68

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Earnings Per Share	The following table sets forth the computation of basic and diluted earnings per common share for the three months ended March 31, 2022 and 2021: Three Months Ended 2022 2021 Basic: Net income $ 13 $ 7,511 Less: Preferred stock dividends 208 332 Net income (loss attributable to) available to common shareholders $ (195) $ 7,179 Weighted average common shares outstanding 4,003,499 3,509,115 Basic earnings (loss) per common share $ (0.05) $ 2.05 Diluted: Net income $ 13 $ 7,511 Less: Preferred stock dividends 208 332 Add: Series B preferred stock dividends — 187 Net income (loss attributable to) available to common shareholders $ (195) $ 7,366 Weighted average common shares outstanding for basic earnings per common share 4,003,499 3,509,115 Add: Dilutive effects of conversion of Series B preferred stock to common stock — 447,523 Add: Dilutive effects of assumed exercises of stock options/warrants — 82,349 Average shares and dilutive potential common shares 4,003,499 4,038,987 Diluted earnings (loss) per common share $ (0.05) $ 1.82

Operating Segments (Tables)

Operating Segments (Tables)	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Schedule of Information About Reportable Segments	Information about reportable segments and reconciliation of such information to the Consolidated Financial Statements follows: Three Months Ended Three Months Ended Residential Banking Consolidated Residential Banking Consolidated Interest income $ 737 $ 7,003 $ 7,740 $ 1,218 $ 13,674 $ 14,892 Interest expense 531 803 1,334 790 1,472 2,262 Net interest income 206 6,200 6,406 428 12,202 12,630 Provision for loan losses — (2,400) (2,400) — 2,000 2,000 Residential loan fee income 13,191 — 13,191 32,029 — 32,029 Internal transfer for portfolio loans originated 130 (130) — 69 (69) — Other noninterest income 6 5,671 5,677 12 1,118 1,130 Total noninterest income 13,327 5,541 18,868 32,110 1,049 33,159 Total noninterest expense 13,776 13,871 27,647 23,127 10,594 33,721 Income before income tax expense (benefit) (243) 270 27 9,411 657 10,068 Income tax expense (benefit) (68) 82 14 2,635 (78) 2,557 Net income (loss) $ (175) $ 188 $ 13 $ 6,776 $ 735 $ 7,511 Period end assets $ 80,030 $ 808,511 $ 888,541 $ 218,040 $ 1,498,791 $ 1,716,831

Basis of Presentation - Narrati

Basis of Presentation - Narrative (Details)	May 10, 2021	Mar. 31, 2022segment
Accounting Policies [Abstract]
Number of business segments		2
Stock split conversion	1.5

Investment Securities - Schedul

Investment Securities - Schedule of Securities Available for Sale (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Investment securities available for sale:
Total	$ 43,604	$ 31,464
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(1,948)	(571)
Investment securities available for sale	41,656	30,893
Asset-backed securities
Investment securities available for sale:
Total	7,621	7,624
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(50)	(89)
Investment securities available for sale	7,571	7,535
Mortgage-backed securities, U.S. Government-sponsored enterprises
Investment securities available for sale:
Total	4,388	4,470
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(323)	(76)
Investment securities available for sale	4,065	4,394
Collateralized mortgage obligations, U.S. Government-sponsored enterprises
Investment securities available for sale:
Total	23,721	19,370
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(1,575)	(406)
Investment securities available for sale	22,146	$ 18,964
Corporate bonds
Investment securities available for sale:
Total	7,874
Gross Unrealized Gains	0
Gross Unrealized Losses	0
Investment securities available for sale	$ 7,874

Investment Securities - Investm

Investment Securities - Investments by Contractual Maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Amortized Cost
One to five years	$ 5,018
Five to ten years	2,856
Beyond ten years	35,730
Total	43,604	$ 31,464
Fair Value
One to five years	5,018
Five to ten years	2,856
Beyond ten years	33,782
Total	$ 41,656	$ 30,893

Investment Securities - Narrati

Investment Securities - Narrative (Details) $ in Thousands	Mar. 31, 2022USD ($)security	Dec. 31, 2021USD ($)security
Investments, Debt and Equity Securities [Abstract]
Investment portfolio, number of securities	14
Number of securities in unrealized loss position	9
Number of securities held-to-maturity	1	1
Debt securities, held-to-maturity, amortized cost | $	$ 2	$ 2
Investment securities held to maturity | $	$ 2	$ 2

Investment Securities - Sched_2

Investment Securities - Schedule of Unrealized Loss on Investments (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
AFS, Less than 12 months, Fair Value	$ 28,851	$ 30,893
AFS, Less than 12 months, Gross Unrealized Losses	(1,948)	(571)
AFS, 12 months or longer, Fair Value	0	0
AFS, 12 months or longer, Gross Unrealized Losses	0	0
AFS, Total Fair Value	28,851	30,893
AFS, Total Gross Unrealized Losses	(1,948)	(571)
Asset-backed securities
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
AFS, Less than 12 months, Fair Value	7,571	7,535
AFS, Less than 12 months, Gross Unrealized Losses	(50)	(89)
AFS, 12 months or longer, Fair Value	0	0
AFS, 12 months or longer, Gross Unrealized Losses	0	0
AFS, Total Fair Value	7,571	7,535
AFS, Total Gross Unrealized Losses	(50)	(89)
Mortgage-backed securities, U.S. Government-sponsored enterprises
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
AFS, Less than 12 months, Fair Value	4,065	4,394
AFS, Less than 12 months, Gross Unrealized Losses	(323)	(76)
AFS, 12 months or longer, Fair Value		0
AFS, 12 months or longer, Gross Unrealized Losses		0
AFS, Total Fair Value	4,065	4,394
AFS, Total Gross Unrealized Losses	(323)	(76)
Collateralized mortgage obligations, U.S. Government-sponsored enterprises
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
AFS, Less than 12 months, Fair Value	17,215	18,964
AFS, Less than 12 months, Gross Unrealized Losses	(1,575)	(406)
AFS, 12 months or longer, Fair Value	0	0
AFS, 12 months or longer, Gross Unrealized Losses	0	0
AFS, Total Fair Value	17,215	18,964
AFS, Total Gross Unrealized Losses	$ (1,575)	$ (406)

Loans - Schedule of Loans for I

Loans - Schedule of Loans for Investment at Amortized Cost (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	$ 549,076	$ 570,238	$ 570,238
Deferred loan costs, net	7,297	7,975
Discount on SBA 7(a) loans sold	(3,335)	(3,866)
Discount on PPP loans purchased	(10)	(13)
Allowance for loan losses	(10,170)	(13,452)	(22,017)	$ (21,162)
Loans held for investment, at amortized cost	542,858	560,882
Real Estate- Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	102,897	87,235	87,235
Allowance for loan losses	(668)	(1,437)
Real Estate- Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	189,684	163,477	163,477
Allowance for loan losses	(1,519)	(2,349)
Real Estate - Construction and Land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	18,038	18,632	18,632
Allowance for loan losses	(124)	(241)
Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	180,163	217,155	217,155
Allowance for loan losses	(7,320)	(9,202)
Commercial and industrial - PPP
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	44,792	80,158	80,158
Allowance for loan losses	0	0
Consumer and other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	13,502	3,581	$ 3,581
Allowance for loan losses	$ (429)	$ (154)

Allowance for Loan Losses - Sch

Allowance for Loan Losses - Schedule of Allowance for Loans Losses by Loan Segment (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	$ 13,452	$ 21,162
Total charge-offs	(1,046)	(1,153)
Total recoveries	164	8
Net (charge-offs)	(882)	(1,145)
Provision for loan losses	(2,400)	2,000
Balance, end of period	$ 10,170	$ 22,017
Net (charge-offs) to total average loans held for investment	(0.61%)	(0.35%)
Real Estate- Commercial
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	$ 2,349
Total recoveries	8	$ 0
Balance, end of period	1,519
Commercial and industrial
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	9,202
Total charge-offs	(1,031)	(1,137)
Total recoveries	153	5
Balance, end of period	7,320
Consumer and other
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	154
Total charge-offs	(15)	(16)
Total recoveries	3	$ 3
Balance, end of period	$ 429

Allowance for Loan Losses - S_2

Allowance for Loan Losses - Schedule of Allowance for Loans Losses and Recorded Investment in Loans by Loan Segment (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated for impairment	$ 365	$ 993
Collectively evaluated for impairment	9,805	12,459
Total	10,170	13,452	$ 22,017	$ 21,162
Individually evaluated for impairment	2,619	3,926
Collectively evaluated for impairment	546,457	566,312
Total	549,076	570,238	570,238
Real Estate- Residential
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	668	1,437
Total	668	1,437
Individually evaluated for impairment	123	124
Collectively evaluated for impairment	102,774	87,111
Total	102,897	87,235	87,235
Real Estate- Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated for impairment	126	91
Collectively evaluated for impairment	1,393	2,258
Total	1,519	2,349
Individually evaluated for impairment	2,257	2,900
Collectively evaluated for impairment	187,427	160,577
Total	189,684	163,477	163,477
Real Estate - Construction and Land
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	124	241
Total	124	241
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	18,038	18,632
Total	18,038	18,632	18,632
Commercial and industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated for impairment	239	902
Collectively evaluated for impairment	7,081	8,300
Total	7,320	9,202
Individually evaluated for impairment	239	902
Collectively evaluated for impairment	179,924	216,253
Total	180,163	217,155	217,155
Commercial and industrial - PPP
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	0	0
Total	0	0
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	44,792	80,158
Total	44,792	80,158	80,158
Consumer and other
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	429	154
Total	429	154
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	13,502	3,581
Total	13,502	3,581	$ 3,581
Unallocated
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	110	69
Total	110	69
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	0	0
Total	$ 0	$ 0

Allowance for Loan Losses - Sum

Allowance for Loan Losses - Summary of Information Related to Impaired Loans by Loan Segment (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Financing Receivable, Impaired [Line Items]
Impaired Loans with No Related Allowance Recorded - Unpaid Principal Balance	$ 2,211	$ 2,193
Impaired Loans with No Related Allowance Recorded - Recorded Investment	2,211	2,193
Impaired Loans with No Related Allowance Recorded - Average Recorded Investment	2,619	1,732
Impaired Loans with No Related Allowance Recorded - Interest Income Recognized	2	20
Impaired Loans with No Related Allowance Recorded - Cash Basis Interest Recognized	2	0
Impaired Loans with an Allowance Recorded - Unpaid Principal Balance	408	947
Impaired Loans with an Allowance Recorded - Recorded Investment	408	947
Impaired Loans with an Allowance Recorded - Allowance for Loan Losses Allocated	365	895
Impaired Loans with an Allowance Recorded - Average Recorded Investment	830	1,486
Impaired Loans with an Allowance Recorded - Interest Income Recognized	0	0
Impaired Loans with an Allowance Recorded - Cash Basis Interest Recognized	0	0
Impaired Loans - Unpaid Principal Balance	2,619	3,140
Impaired Loans - Recorded Investment	2,619	3,140
Impaired Loans - Average Recorded Investment	3,449	3,218
Impaired Loans - Interest Income Recognized	2	20
Impaired Loans - Cash Basis Interest Recognized	2	0
Real Estate- Residential
Financing Receivable, Impaired [Line Items]
Impaired Loans with No Related Allowance Recorded - Unpaid Principal Balance	123
Impaired Loans with No Related Allowance Recorded - Recorded Investment	123
Impaired Loans with No Related Allowance Recorded - Average Recorded Investment	62
Impaired Loans with No Related Allowance Recorded - Interest Income Recognized	0
Impaired Loans with No Related Allowance Recorded - Cash Basis Interest Recognized	0
Real Estate- Commercial
Financing Receivable, Impaired [Line Items]
Impaired Loans with No Related Allowance Recorded - Unpaid Principal Balance	2,088	2,193
Impaired Loans with No Related Allowance Recorded - Recorded Investment	2,088	2,193
Impaired Loans with No Related Allowance Recorded - Average Recorded Investment	2,557	1,732
Impaired Loans with No Related Allowance Recorded - Interest Income Recognized	2	20
Impaired Loans with No Related Allowance Recorded - Cash Basis Interest Recognized	2	0
Impaired Loans with an Allowance Recorded - Unpaid Principal Balance	169	91
Impaired Loans with an Allowance Recorded - Recorded Investment	169	91
Impaired Loans with an Allowance Recorded - Allowance for Loan Losses Allocated	126	39
Impaired Loans with an Allowance Recorded - Average Recorded Investment	134	584
Commercial and industrial
Financing Receivable, Impaired [Line Items]
Impaired Loans with an Allowance Recorded - Unpaid Principal Balance	239	856
Impaired Loans with an Allowance Recorded - Recorded Investment	239	856
Impaired Loans with an Allowance Recorded - Allowance for Loan Losses Allocated	239	856
Impaired Loans with an Allowance Recorded - Average Recorded Investment	$ 696	$ 902

Allowance for Loan Losses - Nar

Allowance for Loan Losses - Narrative (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Receivables [Abstract]
Impaired loans, unsold guaranteed balance	$ 6,174	$ 6,197
Estimated amount of loan loss reserves impaired	$ 73	$ 38

Allowance for Loan Losses - S_3

Allowance for Loan Losses - Schedule of Recorded Investment in Nonaccrual and Loans Past Due over 89 Days Still on Accrual by Loan Segment (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual	$ 2,537	$ 3,841
Loans Past Due Over 89 Days Still Accruing	124	126
Real Estate- Residential
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual	123	124
Loans Past Due Over 89 Days Still Accruing	0	126
Real Estate- Commercial
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual	2,175	2,815
Loans Past Due Over 89 Days Still Accruing	124	0
Commercial and industrial
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual	239	902
Loans Past Due Over 89 Days Still Accruing	$ 0	$ 0

Allowance for Loan Losses - S_4

Allowance for Loan Losses - Schedule of Aging of Recorded Investment in Past Due Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Financing Receivable, Past Due [Line Items]
Loans, gross	$ 549,076	$ 570,238	$ 570,238
30-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans, gross	4,844		1,240
Government guaranteed loan balance	4,993	10,360
Greater Than 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans, gross	1,487		2,452
Government guaranteed loan balance	1,539	2,807
Total Past Due
Financing Receivable, Past Due [Line Items]
Loans, gross	6,331		3,692
Loans Not Past Due
Financing Receivable, Past Due [Line Items]
Loans, gross	542,745		566,546
Real Estate- Residential
Financing Receivable, Past Due [Line Items]
Loans, gross	102,897	87,235	87,235
Real Estate- Residential | 30-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans, gross	179		57
Real Estate- Residential | Greater Than 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans, gross	124		250
Real Estate- Residential | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans, gross	303		307
Real Estate- Residential | Loans Not Past Due
Financing Receivable, Past Due [Line Items]
Loans, gross	102,594		86,928
Real Estate- Commercial
Financing Receivable, Past Due [Line Items]
Loans, gross	189,684	163,477	163,477
Real Estate- Commercial | 30-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans, gross	1,239		192
Real Estate- Commercial | Greater Than 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans, gross	1,181		1,778
Real Estate- Commercial | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans, gross	2,420		1,970
Real Estate- Commercial | Loans Not Past Due
Financing Receivable, Past Due [Line Items]
Loans, gross	187,264		161,507
Real Estate - Construction and Land
Financing Receivable, Past Due [Line Items]
Loans, gross	18,038	18,632	18,632
Real Estate - Construction and Land | 30-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans, gross	0		0
Real Estate - Construction and Land | Greater Than 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans, gross	0		0
Real Estate - Construction and Land | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans, gross	0		0
Real Estate - Construction and Land | Loans Not Past Due
Financing Receivable, Past Due [Line Items]
Loans, gross	18,038		18,632
Commercial and industrial
Financing Receivable, Past Due [Line Items]
Loans, gross	180,163	217,155	217,155
Commercial and industrial | 30-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans, gross	3,417		991
Commercial and industrial | Greater Than 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans, gross	182		424
Commercial and industrial | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans, gross	3,599		1,415
Commercial and industrial | Loans Not Past Due
Financing Receivable, Past Due [Line Items]
Loans, gross	176,564		215,740
Commercial and industrial - PPP
Financing Receivable, Past Due [Line Items]
Loans, gross	44,792	80,158	80,158
Commercial and industrial - PPP | 30-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans, gross	0		0
Commercial and industrial - PPP | Greater Than 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans, gross	0		0
Commercial and industrial - PPP | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans, gross	0		0
Commercial and industrial - PPP | Loans Not Past Due
Financing Receivable, Past Due [Line Items]
Loans, gross	44,792		80,158
Consumer and other
Financing Receivable, Past Due [Line Items]
Loans, gross	13,502	3,581	3,581
Consumer and other | 30-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans, gross	9		0
Consumer and other | Greater Than 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans, gross	0		0
Consumer and other | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans, gross	9		0
Consumer and other | Loans Not Past Due
Financing Receivable, Past Due [Line Items]
Loans, gross	$ 13,493		$ 3,581
PPP Loan Delinquencies
Financing Receivable, Past Due [Line Items]
Government guaranteed loan balance		$ 11,089

Allowance for Loan Losses - S_5

Allowance for Loan Losses - Summary of Credit Exposure for the Loan Portfolio Disaggregated by Loan Segment (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, gross	$ 549,076	$ 570,238	$ 570,238
Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, gross	543,715	562,640
Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, gross	721	2,020
Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, gross	4,640	5,578
Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, gross	0	0
Real Estate- Residential
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, gross	102,897	87,235	87,235
Real Estate- Residential | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, gross	102,897	87,233
Real Estate- Residential | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, gross	0	0
Real Estate- Residential | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, gross	0	2
Real Estate- Residential | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, gross	0	0
Real Estate- Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, gross	189,684	163,477	163,477
Real Estate- Commercial | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, gross	187,230	160,492
Real Estate- Commercial | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, gross	280	170
Real Estate- Commercial | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, gross	2,174	2,815
Real Estate- Commercial | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, gross	0	0
Real Estate - Construction and Land
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, gross	18,038	18,632	18,632
Real Estate - Construction and Land | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, gross	18,038	18,632
Real Estate - Construction and Land | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, gross	0	0
Real Estate - Construction and Land | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, gross	0	0
Real Estate - Construction and Land | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, gross	0	0
Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, gross	180,163	217,155	217,155
Commercial and industrial | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, gross	177,256	212,544
Commercial and industrial | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, gross	441	1,850
Commercial and industrial | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, gross	2,466	2,761
Commercial and industrial | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, gross	0	0
Commercial and industrial - PPP
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, gross	44,792	80,158	80,158
Commercial and industrial - PPP | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, gross	44,792	80,158
Commercial and industrial - PPP | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, gross	0	0
Commercial and industrial - PPP | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, gross	0	0
Commercial and industrial - PPP | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, gross	0	0
Consumer and other
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, gross	13,502	3,581	$ 3,581
Consumer and other | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, gross	13,502	3,581
Consumer and other | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, gross	0	0
Consumer and other | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, gross	0	0
Consumer and other | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, gross	$ 0	$ 0

Allowance for Loan Losses - S_6

Allowance for Loan Losses - Schedule of Loans Classified as Troubled Debt Restructuring (Details) - Real Estate- Commercial - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, TBR, accruing	$ 34	$ 85
Financing receivable, TBR, nonaccruing	$ 532	$ 1,116

Allowance for Loan Losses - S_7

Allowance for Loan Losses - Schedule of Loan Modifications Related to Covid-19 (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022USD ($)contract	Dec. 31, 2021USD ($)contract
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Loans | contract	13	24
Outstanding Recorded Investment | $	$ 676	$ 1,371
Real Estate- Residential
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Loans | contract	0	1
Outstanding Recorded Investment | $	$ 0	$ 258
Commercial and industrial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Loans | contract	13	23
Outstanding Recorded Investment | $	$ 676	$ 1,113

Fair Value - Schedule of assets

Fair Value - Schedule of assets and liabilities measured at fair value on a recurring basis (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Financial assets
Investment securities available for sale	$ 41,656	$ 30,893
Residential loans held for sale	75,022	114,131
SBA loans held for investment, at fair value	8,769	9,614
Fair Value, Recurring
Financial assets
Investment securities available for sale	41,656	30,893
Residential loans held for sale	75,022	114,131
SBA loans held for investment, at fair value	8,769	9,614
Fair Value, Recurring | Interest rate lock commitments
Financial assets
Derivative assets	760	1,435
Financial liabilities
Derivative liabilities	685	23
Fair Value, Recurring | Mandatory forward sales contracts
Financial assets
Derivative assets	2,441	88
Financial liabilities
Derivative liabilities	52	166
Fair Value, Recurring | Best efforts forward sales contracts
Financial assets
Derivative assets	30	27
Fair Value, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial assets
Investment securities available for sale	0	0
Residential loans held for sale	8,515	43,837
SBA loans held for investment, at fair value	0	0
Fair Value, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Interest rate lock commitments
Financial assets
Derivative assets	0	0
Financial liabilities
Derivative liabilities	0	0
Fair Value, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Mandatory forward sales contracts
Financial assets
Derivative assets	2,441	88
Financial liabilities
Derivative liabilities	52	166
Fair Value, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Best efforts forward sales contracts
Financial assets
Derivative assets	0	0
Fair Value, Recurring | Significant Other Observable Inputs (Level 2)
Financial assets
Investment securities available for sale	41,656	30,893
Residential loans held for sale	66,507	70,294
SBA loans held for investment, at fair value	0	0
Fair Value, Recurring | Significant Other Observable Inputs (Level 2) | Interest rate lock commitments
Financial assets
Derivative assets	0	0
Financial liabilities
Derivative liabilities	0	0
Fair Value, Recurring | Significant Other Observable Inputs (Level 2) | Mandatory forward sales contracts
Financial assets
Derivative assets	0	0
Financial liabilities
Derivative liabilities	0	0
Fair Value, Recurring | Significant Other Observable Inputs (Level 2) | Best efforts forward sales contracts
Financial assets
Derivative assets	0	0
Fair Value, Recurring | Significant Unobservable Inputs (Level 3)
Financial assets
Investment securities available for sale	0	0
Residential loans held for sale	0	0
SBA loans held for investment, at fair value	8,769	9,614
Fair Value, Recurring | Significant Unobservable Inputs (Level 3) | Interest rate lock commitments
Financial assets
Derivative assets	760	1,435
Financial liabilities
Derivative liabilities	685	23
Fair Value, Recurring | Significant Unobservable Inputs (Level 3) | Mandatory forward sales contracts
Financial assets
Derivative assets	0	0
Financial liabilities
Derivative liabilities	0	0
Fair Value, Recurring | Significant Unobservable Inputs (Level 3) | Best efforts forward sales contracts
Financial assets
Derivative assets	$ 30	$ 27

Fair Value - Narrative (Details

Fair Value - Narrative (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Fair value option, loans held as assets, 90 days or more past due	$ 0	$ 0
Fair value option, loans held as assets, aggregate amount in nonaccrual status	$ 0	$ 0

Fair Value - Summary of loans a

Fair Value - Summary of loans accounted for under the fair value option (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Fair Value, Option, Quantitative Disclosures [Line Items]
Residential loans held for sale	$ 75,022		$ 114,131
Interest income	7,740	$ 14,892
Loans Held For Sale
Fair Value, Option, Quantitative Disclosures [Line Items]
Contractual balance	74,225		110,335
Interest income	737	1,219
Gain (loss)	797		3,796
Change in fair value	(2,999)	(5,333)
Total (loss)	(2,262)	(4,114)
SBA Loan
Fair Value, Option, Quantitative Disclosures [Line Items]
Contractual balance	8,785		9,433
Interest income	85	132
Gain (loss)	(16)		$ 181
Change in fair value	(197)	72
Total (loss)	$ (112)	$ 204

Fair Value - Schedule of SBA lo

Fair Value - Schedule of SBA loans held for investment, at fair value, which were valued on a recurring basis and used significant unobservable inputs (Details) - Loans Receivable - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance of SBA loans held for investment at fair value, beginning of period	$ 9,614	$ 9,264
Principal payments	(648)	(262)
Repurchase of guaranteed balances previously participated	0	1,401
Total gains during the period	(197)	72
Balance of SBA loans held for investment at fair value, end of period	$ 8,769	$ 10,475

Fair Value - Schedule of valuat

Fair Value - Schedule of valuation technique and unobservable inputs used in the valuation of SBA loans held for investment, at fair value (Details) $ in Thousands	Mar. 31, 2022USD ($)	Dec. 31, 2021USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
SBA loans held for investment, at fair value	$ 8,769	$ 9,614
Fair Value, Recurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
SBA loans held for investment, at fair value	8,769	9,614
Significant Unobservable Inputs (Level 3) | Fair Value, Recurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
SBA loans held for investment, at fair value	8,769	9,614
Significant Unobservable Inputs (Level 3) | Fair Value, Recurring | Interest rate lock commitments
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivatives, net, measurement input	75	1,412
Significant Unobservable Inputs (Level 3) | Fair Value, Recurring | Best efforts forward sales contracts
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivatives, net, measurement input	$ 30	$ 27
Significant Unobservable Inputs (Level 3) | Fair Value, Recurring | Minimum | Discount rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
SBA loans held for investment, measurement input	0.0401	0.0322
Significant Unobservable Inputs (Level 3) | Fair Value, Recurring | Minimum | Conditional prepayment rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
SBA loans held for investment, measurement input	0.1056	0.1056
Significant Unobservable Inputs (Level 3) | Fair Value, Recurring | Minimum | Pull-through expectations | Interest rate lock commitments
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivatives, net	0.2400	0.2400
Significant Unobservable Inputs (Level 3) | Fair Value, Recurring | Minimum | Pull-through expectations | Best efforts forward sales contracts
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivatives, net	0.2400	0.2400
Significant Unobservable Inputs (Level 3) | Fair Value, Recurring | Maximum | Discount rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
SBA loans held for investment, measurement input	0.0751	0.0672
Significant Unobservable Inputs (Level 3) | Fair Value, Recurring | Maximum | Conditional prepayment rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
SBA loans held for investment, measurement input	0.1056	0.1056
Significant Unobservable Inputs (Level 3) | Fair Value, Recurring | Maximum | Pull-through expectations | Interest rate lock commitments
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivatives, net	1	1
Significant Unobservable Inputs (Level 3) | Fair Value, Recurring | Maximum | Pull-through expectations | Best efforts forward sales contracts
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivatives, net	0.8000	0.8000
Significant Unobservable Inputs (Level 3) | Fair Value, Recurring | Weighted Average | Discount rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
SBA loans held for investment, measurement input	0.0506	0.0422
Significant Unobservable Inputs (Level 3) | Fair Value, Recurring | Weighted Average | Conditional prepayment rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
SBA loans held for investment, measurement input	0.1056	0.1056
Significant Unobservable Inputs (Level 3) | Fair Value, Recurring | Weighted Average | Pull-through expectations | Interest rate lock commitments
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivatives, net	0.8596	0.8440
Significant Unobservable Inputs (Level 3) | Fair Value, Recurring | Weighted Average | Pull-through expectations | Best efforts forward sales contracts
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivatives, net	0.7246	0.6579

Fair Value - Schedule of asse_2

Fair Value - Schedule of assets measured at fair value on a nonrecurring basis (Details) - Fair Value, Nonrecurring - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Fair Value, Nonrecurring [Line Items]
Impaired loans	$ 987	$ 1,614
Discount rate
Fair Value, Nonrecurring [Line Items]
Impaired loans, measurement input	1000.00%
Minimum | Discount rate
Fair Value, Nonrecurring [Line Items]
Impaired loans, measurement input		10.00%

Fair Value - Schedule of asse_3

Fair Value - Schedule of assets and liabilities not carried at fair value (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
ASSETS
Debt securities, held-to-maturity, fair value	$ 2	$ 2
SBA loans held for investment, at fair value	8,769	9,614
1 | Carrying Value | Cash and cash equivalents
ASSETS
Cash and cash equivalents	122,101	109,727
1 | Fair Value | Cash and cash equivalents
ASSETS
Cash and cash equivalents	122,101	109,727
2 | Carrying Value
ASSETS
Debt securities, held-to-maturity, fair value	2	2
Restricted equity securities, at cost	2,520	2,827
Government guaranteed loans held for sale	1,445	1,460
Liabilities:
Subordinated debentures	5,987	5,985
Notes payable	3,186	3,299
PPP Liquidity Facility	0	69,654
Accrued interest payable	86	326
2 | Carrying Value | Time deposits in banks
ASSETS
Cash and cash equivalents	3,881	2,381
Liabilities:
Deposits, liabilities	31,787	50,688
2 | Carrying Value | Noninterest-bearing deposits
Liabilities:
Deposits, liabilities	92,680	83,638
2 | Carrying Value | Interest-bearing transaction accounts
Liabilities:
Deposits, liabilities	180,815	163,495
2 | Carrying Value | Savings and money market deposits
Liabilities:
Deposits, liabilities	464,847	423,864
2 | Fair Value
ASSETS
Debt securities, held-to-maturity, fair value	2	2
Restricted equity securities, at cost	2,520	2,827
Government guaranteed loans held for sale	1,539	1,460
Liabilities:
Subordinated debentures	6,040	6,175
Notes payable	3,308	3,350
PPP Liquidity Facility	0	69,654
Accrued interest payable	86	326
2 | Fair Value | Time deposits in banks
ASSETS
Cash and cash equivalents	3,874	2,437
Liabilities:
Deposits, liabilities	31,832	51,049
2 | Fair Value | Noninterest-bearing deposits
Liabilities:
Deposits, liabilities	92,680	83,638
2 | Fair Value | Interest-bearing transaction accounts
Liabilities:
Deposits, liabilities	180,815	163,495
2 | Fair Value | Savings and money market deposits
Liabilities:
Deposits, liabilities	464,847	423,864
3 | Carrying Value
ASSETS
SBA loans held for investment, at fair value	542,858	560,882
Accrued interest receivable	3,150	3,564
3 | Carrying Value | SBA Loan
ASSETS
Loan servicing rights	7,399	6,407
3 | Carrying Value | Mortgage Loan
ASSETS
Loan servicing rights	202	212
3 | Fair Value
ASSETS
SBA loans held for investment, at fair value	542,402	569,394
Accrued interest receivable	3,150	3,564
3 | Fair Value | SBA Loan
ASSETS
Loan servicing rights	8,891	8,050
3 | Fair Value | Mortgage Loan
ASSETS
Loan servicing rights	$ 202	$ 212

SBA Loan Servicing Activities -

SBA Loan Servicing Activities - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Mar. 31, 2022	Jun. 30, 2021	Dec. 31, 2021
Servicing Asset at Amortized Cost [Line Items]
Principal balance of SBA loans, excluding PPP loans	$ 271,317		$ 300,415
Principal balance of SBA loans, excluding PPP loans, guaranteed portion	143,081		171,548
Unpaid principal balances of SBA loans serviced for others	$ 507,986		459,670
Servicing assets, weighted average discount rate (in percentage)	13.25%	12.13%
Servicing assets, weighted average prepayment speed (in percentage)	10.26%	10.37%
SBA Loan | Significant Unobservable Inputs (Level 3) | Fair Value
Servicing Asset at Amortized Cost [Line Items]
Servicing asset rights at fair value	$ 8,891		$ 8,050

SBA loan servicing activities_2

SBA loan servicing activities - Schedule of activity for SBA loan servicing rights (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Beginning of period	$ 6,619
End of period	7,601
SBA Loan
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Beginning of period	6,407	$ 8,160
Additions	1,689	0
Amortization	(697)	(715)
End of period	$ 7,399	$ 7,445

SBA loan servicing activities_3

SBA loan servicing activities - Schedule of net gain on sale of SBA loans (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Servicing Asset at Amortized Cost [Line Items]
Net gain realized on sale of residential loans held for sale	$ 4,621	$ 0
SBA Loan
Servicing Asset at Amortized Cost [Line Items]
Gain on sale of guaranteed SBA loans	3,236	0
Loss on sale of unguaranteed SBA loans	(348)	0
Costs recognized on sale of SBA loans	44	0
Fair value of servicing rights created	1,689	0
Net gain realized on sale of residential loans held for sale	$ 4,621	$ 0

Leases - Summary of Total Lease

Leases - Summary of Total Lease Cost and Supplemental Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Leases [Abstract]
Operating lease cost	$ 387	$ 361
Short-term lease cost	136	195
Total lease cost, net	523	556
Operating cash flows related to operating leases	380	347
Right-of-use assets obtained in exchange for new operating lease liabilities	0	136
Supplemental information related to operating leases	$ 380	$ 483

Leases - Narrative (Details)

Leases - Narrative (Details)	Mar. 31, 2022
Leases [Abstract]
Weighted average discount rate	2.06%
Weighted average remaining life	4 years 1 month 6 days

Leases - Maturity (Details)

Leases - Maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Leases [Abstract]
2022	$ 1,094
2023	1,172
2024	1,087
2025	685
2026	593
Thereafter	301
Total undiscounted lease payments	4,932
Less: imputed interest	(555)
Net lease liabilities	$ 4,377	$ 4,747

Other Borrowings (Details)

Other Borrowings (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2020	Dec. 31, 2021	Dec. 31, 2019
Debt Instrument [Line Items]
Subordinated debentures	$ 5,987			$ 5,985
Notes payable	3,186			3,299
PPP Liquidity Facility	$ 0			$ 69,654
Subordinated Debt | June 2021 Subordinated Debentures
Debt Instrument [Line Items]
Debt instrument, face amount		$ 6,000
Debt instrument, redemption period		5 years
Debt instrument, fixed interest rate		4.50%
Debt instrument, initial term		5 years
Subordinated Debt | December 2018 Subordinated Debentures
Debt Instrument [Line Items]
Debt instrument, face amount					$ 6,000
Debt instrument, fixed interest rate					6.875%
Subordinated Debt | Secured Overnight Financing Rate (SOFR) | June 2021 Subordinated Debentures
Debt Instrument [Line Items]
Debt Instrument, final term		5 years
Debt instrument, floating rate		3.78%
Notes Payable, Other Payables | Amortizing Note Payable
Debt Instrument [Line Items]
Debt instrument, collateral, percentage of Bank's stock			100.00%
Notes Payable, Other Payables | Prime Rate | Amortizing Note Payable
Debt Instrument [Line Items]
Debt instrument, floating rate	3.50%

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	0
Weighted average fair value of options granted (in dollars per share)		$ 3.51
Unrecognized compensation cost related to nonvested stock options granted	$ 515
Equity Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost charged against income	$ 179	$ 141
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted in the period (in shares)	34,925
Unrecognized compensation expense	$ 608
Expected period for recognition	2 years 9 months 18 days
Fair value of shares vested	$ 70	$ 71
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected period for recognition	2 years 2 months 15 days
Maximum percentage of stock granted	15.00%
Maximum number of shares issued and outstanding (in shares)	1,500,000
Contractual term	10 years
Stock Options | Share-based Payment Arrangement, Employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	5 years
Stock Options | Share-based Payment Arrangement, Nonemployee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	3 years

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Nonvested Restricted Shares (Details) - Restricted Stock	3 Months Ended
	Mar. 31, 2022$ / sharesshares
Shares
Nonvested beginning balance (in shares) | shares	2,483
Granted (in shares) | shares	34,925
Vested (in shares) | shares	(3,111)
Forfeited (in shares) | shares	(925)
Nonvested ending balance (in shares) | shares	33,372
Weighted-Average Grant-Date Fair Value, per share
Nonvested beginning balance (in dollars per share) | $ / shares	$ 14.86
Granted (in dollars per share) | $ / shares	21.50
Vested (in dollars per share) | $ / shares	19.99
Forfeited (in dollars per share) | $ / shares	21.45
Nonvested ending balance (in dollars per share) | $ / shares	$ 21.15

Stock-Based Compensation - Su_2

Stock-Based Compensation - Summary of Activity in the Equity Plan (Details) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)$ / sharesshares
Shares
Outstanding beginning balance (in shares) | shares	450,818
Granted (in shares) | shares	0
Exercised (in shares) | shares	1,195
Forfeited (in shares) | shares	(2,304)
Expired (in shares) | shares	0
Outstanding ending balance (in shares) | shares	449,709
Vested at ending balance (in shares) | shares	266,216
Exercisable at ending balance (in shares) | shares	266,216
Weighted Average Exercise Price
Outstanding beginning balance (in dollars per share) | $ / shares	$ 15.64
Granted (in dollars per share) | $ / shares	0
Exercised (in dollars per share) | $ / shares	14.75
Forfeited (in dollars per share) | $ / shares	14.99
Expired (in dollars per share) | $ / shares	0
Outstanding ending balance (in dollars per share) | $ / shares	15.64
Vested at ending balance (in dollars per share) | $ / shares	15.89
Exercisable at ending balance (in dollars per share) | $ / shares	$ 15.89
Weighted Average Remaining Contractual Term and Aggregate Intrinsic Value
Weighted Average Remaining Contractual Term, Outstanding	7 years 5 months 8 days
Weighted Average Remaining Contractual Term, Vested	7 years 21 days
Weighted Average Remaining Contractual Term, Exercisable	7 years 21 days
Aggregate Intrinsic Value, Outstanding | $	$ 3,963
Aggregate Intrinsic Value, Vested | $	2,293
Aggregate Intrinsic Value, Exercisable | $	$ 2,293

Other Benefit Plans - Narrative

Other Benefit Plans - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		12 Months Ended	40 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Mar. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Issuance of common stock under dividend reinvestment plan (in shares)	0	6,339	17,971
Issue of common stock under dividend reinvestment plan, price per share (USD per share)		$ 16.83	$ 21.68
Salary continuation agreement, annual benefit	$ 25			$ 25
Salary continuation agreement, annual benefit, duration	20 years
Salary continuation agreement, liability	$ 331		$ 312	$ 331
Salary continuation agreement, period expense	$ 19	$ 45
Employer contribution over employees' gross pay (in percentage)	3.00%
Expense recognized in relation of plan, amount	$ 660	$ 786
Employee Stock Ownership Plan (ESOP), percent of eligible employee salary approved for contribution	1.00%	1.00%
Stock based compensation expense	$ 192	$ 459	490
ESOP contribution			$ 366
Issuance of common stock under employee stock ownership plan (in shares)				57,620
Employee Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expense recognized in relation to the Non-Qualified Stock Purchase Plan	$ 25	$ 19

Regulatory Matters - Schedule o

Regulatory Matters - Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations (Details) $ in Thousands	Mar. 31, 2022USD ($)	Dec. 31, 2021USD ($)
Banking Regulation, Total Capital [Abstract]
Total Capital, Actual	$ 106,128	$ 106,002
Total Capital, Actual, Ratio	0.1945	0.2125
Total Capital, Required for Capital Adequacy Purposes	$ 43,656	$ 39,909
Total Capital, Required for Capital Adequacy Purposes, Ratio	0.0800	0.0800
Total Capital, To be Well Capitalized Under Prompt Corrective Action Regulations	$ 54,570	$ 49,886
Total Capital, To be Well Capitalized Under Prompt Corrective Action Regulations, Ratio	0.1000	0.1000
Banking Regulation, Tier One Risk-Based Capital [Abstract]
Tier One Risk-Based Capital, Actual	$ 99,247	$ 99,656
Tier One Risk-Based Capital, Actual, Ratio	0.1819	0.1998
Tier One Risk-Based Capital, Required for Capital Adequacy Purposes	$ 32,742	$ 29,932
Tier One Risk-Based Capital, Required for Capital Adequacy Purposes, Ratio	0.0600	0.0600
Tier One Risk-Based Capital, To be Well Capitalized Under Prompt Corrective Action Regulations	$ 43,656	$ 39,909
Tier One Risk-Based Capital, To be Well Capitalized Under Prompt Corrective Action Regulations, Ratio	0.0800	0.0800
Banking Regulation, Common Equity Tier One Risk-Based Capital [Abstract]
Common Equity Tier One Risk-Based Capital, Actual	$ 99,247	$ 99,656
Common Equity Tier One Risk-Based Capital, Actual, Ratio	0.1819	0.1998
Common Equity Tier One Risk-Based Capital, Required for Capital Adequacy Purposes	$ 24,556	$ 22,449
Common Equity Tier One Risk-Based Capital, Required for Capital Adequacy Purposes, Ratio	0.0450	0.0450
Common Equity Tier One Risk-Based Capital, To be Well Capitalized Under Prompt Corrective Action Regulations	$ 35,470	$ 32,426
Common Equity Tier One Risk-Based Capital To be Well Capitalized Under Prompt Corrective Action Regulations, Ratio	0.0650	0.0650
Banking Regulation, Tier One Leverage Capital [Abstract]
Tier One Leverage Capital, Actual	$ 99,247	$ 99,656
Tier One Leverage Capital, Actual, Ratio	0.1175	0.1222
Tier One Leverage Capital, Required for Capital Adequacy Purposes	$ 33,774	$ 32,619
Tier One Leverage Capital, Required for Capital Adequacy Purposes, Ratio	0.0400	0.0400
Tier One Leverage Capital, To be Well Capitalized Under Prompt Corrective Action Regulations	$ 42,218	$ 40,774
Tier One Leverage Capital, To be Well Capitalized Under Prompt Corrective Action Regulations, Ratio	0.0500	0.0500

Mortgage Banking Activities - S

Mortgage Banking Activities - Schedule of components of residential loan fee income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Compliance with Regulatory Capital Requirements for Mortgage Companies [Line Items]
Net gain realized on sale of residential loans held for sale	$ 9,070	$ 28,944
Mortgage banking fees	1,507	3,111
Residential loan fee income	13,191	32,029
Interest rate lock commitments
Compliance with Regulatory Capital Requirements for Mortgage Companies [Line Items]
Net change in	(1,332)	(5,555)
Forward Contracts
Compliance with Regulatory Capital Requirements for Mortgage Companies [Line Items]
Net change in	6,945	10,862
Loans Held For Sale
Compliance with Regulatory Capital Requirements for Mortgage Companies [Line Items]
SBA loan fair value gain (loss)	$ (2,999)	$ (5,333)

Mortgage Banking Activities - N

Mortgage Banking Activities - Narrative (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Compliance with Regulatory Capital Requirements for Mortgage Companies [Line Items]
Derivative asset, fair value	$ 3,231	$ 1,550
Derivative liability, fair value	737	189
Interest rate lock commitments
Compliance with Regulatory Capital Requirements for Mortgage Companies [Line Items]
Derivative, notional amount	135,665	108,122
Mandatory forward sales contracts
Compliance with Regulatory Capital Requirements for Mortgage Companies [Line Items]
Derivative, notional amount	158,500	142,500
Best efforts forward sales contracts
Compliance with Regulatory Capital Requirements for Mortgage Companies [Line Items]
Derivative, notional amount	$ 12,794	$ 7,375

Mortgage Banking Activities -_2

Mortgage Banking Activities - Schedule of net gains (losses) relating to free-standing derivative instruments used for risk management (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Mandatory forward sales contracts
Derivative [Line Items]
Derivative, gain (loss)	$ 2,389	$ (78)
Best efforts forward sales contracts
Derivative [Line Items]
Derivative, gain (loss)	30	27
Interest rate lock commitments
Derivative [Line Items]
Derivative, gain (loss)	$ 75	$ 1,412

Mortgage Banking Activities -_3

Mortgage Banking Activities - Schedule of notional amount and fair value of mortgage banking derivatives (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Derivative [Line Items]
Derivative asset, fair value	$ 3,231	$ 1,550
Derivative liability, fair value	737	189
Other assets | Interest rate lock commitments
Derivative [Line Items]
Derivative asset, notional amount	79,458	103,572
Derivative asset, fair value	760	1,435
Other assets | Mandatory forward sales contracts
Derivative [Line Items]
Derivative asset, notional amount	146,500	60,000
Derivative asset, fair value	2,441	88
Other assets | Best efforts forward sales contracts
Derivative [Line Items]
Derivative asset, notional amount	12,794	7,375
Derivative asset, fair value	30	27
Other liabilities | Interest rate lock commitments
Derivative [Line Items]
Derivative liability, notional amount	56,207	4,550
Derivative liability, fair value	685	23
Other liabilities | Mandatory forward sales contracts
Derivative [Line Items]
Derivative liability, notional amount	12,000	82,500
Derivative liability, fair value	$ 52	$ 166

Loan Commitments and Other Re_3

Loan Commitments and Other Related Activities - Summary of Financial Instruments With Off-Balance Sheet Risk (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Unfunded loan commitments
Other Commitments [Line Items]
Financial commitments, contractual amount	$ 15,411	$ 18,567
Unused lines of credit
Other Commitments [Line Items]
Financial commitments, contractual amount	62,470	52,076
Standby letters of credit
Other Commitments [Line Items]
Financial commitments, contractual amount	$ 68	$ 68

Loan Commitments and Other Re_4

Loan Commitments and Other Related Activities - Narrative (Details)	3 Months Ended
	Mar. 31, 2022
Unfunded loan commitments
Other Commitments [Line Items]
Unfunded loan commitment period	90 days

Earnings Per Common Share - Sch

Earnings Per Common Share - Schedule of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Basic:
Net income	$ 13	$ 7,511
Less: Preferred stock dividends	208	332
Net income (loss attributable to) available to common shareholders	$ (195)	$ 7,179
Weighted average common shares outstanding (in shares)	4,003,499	3,509,115
Basic earnings (loss) per common share (in USD per share)	$ (0.05)	$ 2.05
Diluted:
Net income	$ 13	$ 7,511
Less: Preferred stock dividends	208	332
Add: Series B preferred stock dividends	0	187
Net income (loss attributable to) available to common shareholders	$ (195)	$ 7,366
Weighted average common shares outstanding for basic earnings per common share (in shares)	4,003,499	3,509,115
Dilutive effects of conversion of Series B preferred stock to common stock (in shares)	0	447,523
Add: Dilutive effects of assumed exercises of stock options (in shares)	0	82,349
Average shares and dilutive potential common shares (in shares)	4,003,499	4,038,987
Dilutive earnings (loss) per common share (in USD per share)	$ (0.05)	$ 1.82

Earnings Per Common Share - Nar

Earnings Per Common Share - Narrative (Details) - shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Earnings Per Share [Abstract]
Antidilutive shares excluded from computation of diluted EPS (in shares)	285,751	70,260

Operating Segments - Narrative

Operating Segments - Narrative (Details)	3 Months Ended
	Mar. 31, 2022segment
Segment Reporting [Abstract]
Number of reportable segments	2

Operating Segments - Schedule o

Operating Segments - Schedule of information about reportable segments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Interest income	$ 7,740	$ 14,892
Interest expense	1,334	2,262
Net interest income	6,406	12,630
Provision for loan losses	(2,400)	2,000
Residential loan fee income	13,191	32,029
Internal transfer for portfolio loans originated	0	0
Other noninterest income	5,677	1,130
Total noninterest income	18,868	33,159
Total noninterest expense	27,647	33,721
Income before income tax expense (benefit)	27	10,068
Income tax expense (benefit)	14	2,557
Net income (loss)	13	7,511
Period end assets	888,541	1,716,831	$ 917,095
Operating Segments | Residential Mortgage
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Interest income	737	1,218
Interest expense	531	790
Net interest income	206	428
Provision for loan losses	0	0
Residential loan fee income	13,191	32,029
Internal transfer for portfolio loans originated	130	69
Other noninterest income	6	12
Total noninterest income	13,327	32,110
Total noninterest expense	13,776	23,127
Income before income tax expense (benefit)	(243)	9,411
Income tax expense (benefit)	(68)	2,635
Net income (loss)	(175)	6,776
Period end assets	80,030	218,040
Operating Segments | Banking
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Interest income	7,003	13,674
Interest expense	803	1,472
Net interest income	6,200	12,202
Provision for loan losses	(2,400)	2,000
Residential loan fee income	0	0
Internal transfer for portfolio loans originated	(130)	(69)
Other noninterest income	5,671	1,118
Total noninterest income	5,541	1,049
Total noninterest expense	13,871	10,594
Income before income tax expense (benefit)	270	657
Income tax expense (benefit)	82	(78)
Net income (loss)	188	735
Period end assets	$ 808,511	$ 1,498,791