First Choice Bancorp 10-Q 12 Jun 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2018	May 31, 2018
Document and Entity Information [Abstract]
Entity Registrant Name	First Choice Bancorp
Entity Central Index Key	1,716,697
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 31, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding		7,254,438

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
ASSETS
Cash and due from banks	$ 6,840	$ 5,405
Interest-bearing deposits at other banks	93,225	97,727
Total cash and cash equivalents	100,065	103,132
Securities available-for-sale, at fair value, debt	31,045
Securities available-for-sale, at fair value		35,002
Securities held-to-maturity, at cost	5,292	5,300
Loans held for sale, at lower of cost or fair value	11,525	10,599
Gross loans	793,582	745,887
Discounts and unearned fees, net	(4,152)	(4,174)
Allowance for loan losses	(10,010)	(10,497)
Loans receivable, net	779,420	731,216
Federal Home Loan Bank, at cost	3,640	3,640
Equity securities, at fair value	2,508
Accrued interest receivable	3,358	3,108
Premises and equipment	1,055	1,035
Servicing assets, at lower of carrying value or fair value	2,508	2,618
Other assets	7,260	8,145
TOTAL ASSETS	947,676	903,795
Deposits:
Noninterest-bearing demand	197,503	235,584
Money market, interest checking and savings	352,592	372,209
Time deposits	208,706	164,886
Total deposits	758,801	772,679
Federal Home Loan Bank borrowings	57,000	20,000
Federal funds purchased	18,000	0
Senior secured notes	2,550	350
Accrued interest payable	165	114
Other liabilities	4,679	4,958
Total liabilities	841,195	798,101
Commitments and contingencies - Notes 8 and 10	0	0
Shareholders’ equity:
Preferred stock 100,000,000 shares authorized, none outstanding	0	0
Common stock no par value; 100,000,000 shares authorized; issued and outstanding: 7,251,584 at March 31, 2018 and 7,260,119 at December 31, 2017	88,442	87,837
Additional paid-in capital	1,492	1,940
Retained earnings	17,363	16,459
Accumulated other comprehensive loss - net
Unrealized loss on available-for-sale securities, net of taxes of $342 at March 31, 2018 and $228 at December 31, 2017	(816)	(542)
Total shareholders’ equity	106,481	105,694
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 947,676	$ 903,795

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Preferred stock, shares authorized	100,000,000	100,000,000
Preferred stock, shares outstanding	0	0
Common stock, par value (in usd per share)	$ 0	$ 0
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	7,251,584	7,260,119
Common stock, shares outstanding	7,251,584	7,260,119
Unrealized loss on available-for-sale securities, net of taxes	$ 342	$ 228

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
INTEREST INCOME
Interest and fees on loans	$ 10,621	$ 8,474	[1]
Interest on investment securities	239	255	[1]
Dividends on FHLB and other stock	69	89	[1]
Other interest income	260	246	[1]
Total interest income	11,189	9,064	[1]
INTEREST EXPENSE
Interest on savings, interest checking and money market accounts	819	1,026	[1]
Interest on time deposits	616	408	[1]
Interest on borrowings	202	2	[1]
Total interest expense	1,637	1,436	[1]
Net interest income	9,552	7,628	[1]
Provision for loan losses	200	0	[1]
Net interest income after provision for loan losses	9,352	7,628	[1]
NONINTEREST INCOME
Gain on sale of loans	247	1,190	[1]
Service charges and fees on deposit accounts	215	66	[1]
Net servicing fees	153	171	[1]
Other (loss) income	(52)	44	[1]
Total noninterest income	563	1,471	[1]
NONINTEREST EXPENSE
Salaries and employee benefits	4,116	3,645	[1]
Occupancy expenses	348	301	[1]
Professional fees	304	79	[1]
Data processing	421	330	[1]
Equipment expenses	172	180	[1]
Office expenses	192	161	[1]
Deposit insurance and regulatory assessments	111	107	[1]
Loan related expenses	84	139	[1]
Customer service expenses	140	144	[1]
Merger-related and public company registration expenses	374	0	[1]
Provision for credit losses - off-balance sheet	53	72	[1]
Other expenses	362	349	[1]
Total noninterest expense	6,677	5,507	[1]
Income before taxes	3,238	3,592	[1]
Income taxes	859	1,466
Net income	$ 2,379	$ 2,126	[1]
Net income per share:
Basic (in usd per share)	$ 0.33	$ 0.30	[1]
Diluted (in usd per share)	$ 0.33	$ 0.30	[1]
Weighted-average common shares outstanding
Basic (in shares)	7,160,938	7,081,366	[1]
Diluted (in shares)	7,200,057	7,114,488	[1]
[1]	Certain amounts have been restated to reflect adjustments related to the correction of an error (see Note 2 to the Consolidated Financial Statements for additional information).

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - 3 months ended Mar. 31, 2018 - USD ($)		Total	Preferred Stock	Common Stock	AdditionalPaid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)
Beginning balance at Dec. 31, 2017		$ 105,694,000	$ 0	$ 87,837,000	$ 1,940,000	$ 16,459,000	$ (542,000)
Beginning balance (in shares) at Dec. 31, 2017			0	7,260,119
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income		2,379,000				2,379,000
Stock-based compensation		458,000			458,000
Cash dividends ($0.20 per share)		(1,451,000)				(1,451,000)
Issuance of restricted shares, net				$ 3,721
Vesting of restricted shares				$ 605,000	(605,000)
Repurchase of shares		(301,000)			(301,000)
Repurchase of shares (in shares)				(12,256)
Other comprehensive income, net of taxes		(298,000)					(298,000)
Ending balance (in shares) at Mar. 31, 2018			0	7,251,584
Ending balance at Mar. 31, 2018		$ 106,481,000	$ 0	$ 88,442,000	$ 1,492,000	17,363,000	(816,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative adjustment – adoption of ASU No. 2016-01 | Accounting Standards Update 2016-01	[1]					$ (24,000)	$ 24,000
[1]	Impact due to adoption on January 1, 2018 of ASU 2016-01, "Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities"

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Shareholders' Equity (Unaudited) (Parenthetical)	3 Months Ended
	Mar. 31, 2018$ / shares
Statement of Stockholders' Equity [Abstract]
Cash dividends (in usd per share)	$ 0.20

Condensed Consolidated Stateme7

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
OPERATING ACTIVITIES
Net income	$ 2,379	$ 2,126	[1]
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization	99	141
Amortization of premiums of investment securities	54	78
Amortization of servicing asset	165	98
Provision for loan losses	200	0	[1]
Provision for credit losses - off-balance sheet	53	72	[1]
Gain on sale of loans	(247)	(1,190)	[1]
Loans originated for sale	(3,709)	(12,433)
Proceeds from loans originated for sale	3,021	14,688
Amortization of premiums and deferred loan fees, net	28	409
Change in fair value of equity securities	66	0
Stock-based compensation	458	324
Decrease in other items, net	465	516
Net cash provided by operating activities	3,032	4,829
INVESTING ACTIVITIES
Proceeds from maturities and paydown of securities available-for-sale	936	1,112
Proceeds from maturities and paydown of securities held-to-maturity	10	11
Purchase of securities available-for-sale	0
Purchase of securities available-for-sale		(4,966)
Net increase in loans	(48,479)	(40,784)
Purchase of equity investment	17
Purchases of premises and equipment	(119)	(80)
Net cash used in investing activities	(47,669)	(44,707)
FINANCING ACTIVITIES
Net (decrease) increase in deposits	(13,878)	10,875
Net increase in borrowings from Federal Home Loan Bank	37,000	40,000
Net increase in senior secured notes	2,200	0
Net increase in federal funds purchased	18,000
Cash dividends paid	(1,451)	(1,439)
Repurchase of shares	(301)	(41)
Proceeds from exercise of stock options	0	213
Net cash provided by financing activities	41,570	49,608
(Decrease) increase in cash and cash equivalents	(3,067)	9,730
Cash and cash equivalents, beginning of period	103,132	110,032
Cash and cash equivalents, end of period	100,065	119,762
Cash paid during the period for:
Interest paid	1,585	1,453
Noncash investing and financing activities:
Servicing asset recognized	55	293
Transfer of securities available-for-sale to equity securities	$ 2,540	$ 0
[1]	Certain amounts have been restated to reflect adjustments related to the correction of an error (see Note 2 to the Consolidated Financial Statements for additional information).

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Basis of Presentation and Summary of Significant Accounting Policies	BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations First Choice Bancorp, also known as First Choice or the Holding Company, a California corporation, was organized on September 1, 2017 to become the holding company for First Choice Bank (the "Bank"), collectively with First Choice, the Company. In December 2017 , the Bank received requisite shareholder and regulatory approval necessary for the reorganization of First Choice Bank into the Holding Company form of ownership pursuant to which First Choice Bank became a wholly-owned subsidiary of First Choice. The reorganization was completed as of the close of business on December 21, 2017 . The Bank was incorporated under the laws of the State of California in March 2005 , and commenced banking operations in August 2005 and has been organized as a single operating segment operating with five full-service branches in Cerritos, Rowland Heights, Alhambra, Anaheim and Carlsbad, California. The Bank’s primary source of revenue is providing loans to customers, who are predominately small and middle-market businesses and individuals within its principal market area of Los Angeles County, Orange County and San Diego County. Basis of Presentation The accompanying condensed consolidated financial statements include the accounts of First Choice, and its wholly-owned subsidiary, First Choice Bank, a California state-chartered bank and have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments, consisting of normal recurring adjustments considered necessary for a fair presentation, have been included. Operating results for the three months ended March 31, 2018 are not necessarily indicative of the results that may be expected for the year ending December 31, 2018 . These interim period condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements as of and for the years ended December 31, 2017 and 2016, which are included in the Company’s Form S-4, dated April 25, 2018 (the “Form S-4”), with the United States Securities and Exchange Commission (“SEC”). All significant intercompany balances and transactions have been eliminated in consolidation. Certain reclassifications have been made to the December 31, 2017 condensed consolidated balance sheet to conform to the presentation as of March 31, 2018 . These reclassifications, which consisted of a $2.9 million increase to "Gross loans" and "Discounts and unearned fees, net", had no impact on the Company’s previously reported "Loans receivable, net". Accounting Policies Our accounting policies are described in Note 1. Summary of Significant Accounting Policies of the Company’s audited consolidated financial statements as of and for the years ended December 31, 2017 and 2016 included in the Form S-4 filed with the SEC. Use of Estimates in the Preparation of Consolidated Financial Statements The preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The allowance for loan losses and fair value of financial instruments are particularly subject to change in the near term. Accounting Standards Adopted in 2018 In May 2014, the Financial Accounting Standards Board (“FASB”) issued ASU 2014-09, Revenue from Contracts with Customers (Topic606) (“ASU 2014-09”). ASU 2014-09 implements a common revenue standard that clarifies the principles for recognizing revenue. The core principle of ASU 2014-09 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the following steps: (i) identify the contract(s) with a customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract and (v) recognize revenue when (or as) the entity satisfies a performance obligation. ASU 2015-14, Revenue from Contracts with Customers (Topic 606) (“ASU 2015-14”) was issued in August 2015 which defers adoption to annual reporting periods beginning after December 15, 2017. The adoption of ASU 2014-09 on January 1, 2018 did not have a material impact on the Company’s consolidated financial statements. The timing of the Company’s revenue recognition did not materially change. The Company’s largest portions of revenue, interest and fees on loans and gain on sales of loans, are specifically excluded from the scope of the guidance, and the Company currently recognizes the majority of the remaining revenue sources in a manner that management believes is consistent with the new guidance. Because of this, management believes that revenue recognized under the new guidance will generally approximate revenue recognized under current GAAP. See Note 16 - Revenue Recognition . In January 2016, the FASB issued ASU 2016-01, Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities (“ASU 2016-01”). This guidance changes how entities account for equity investments that do not result in consolidation and are not accounted for under the equity method of accounting. Entities will be required to measure these investments at fair value at the end of each reporting period and recognize changes in fair value in net income. A practicability exception will be available for equity investments that do not have readily determinable fair values; however, the exception requires the Company to adjust the carrying amount for impairment and observable price changes in orderly transactions for the identical or a similar investment of the same issuer. This guidance also changes certain disclosure requirements and other aspects of current US GAAP. This guidance is effective for fiscal years beginning after December 15, 2017, including interim periods within the fiscal year. Early adoption is permitted for only one of the six amendments. In addition, this update also changes the presentation and disclosure requirements for financial instruments, including a requirement that public business entities us the exit price when measuring the fair value of financial instruments measured at amortized cost for disclosure purposes. The Company measures the fair value of financial instruments reported at amortized cost in the balance sheet using the exit price notion (refer to Note 15 - Fair Value of Financial Instruments for further discussion) . The Company has evaluated its applicable equity investments and determined that other bank stocks qualify for the measurement exception, which allows those investments to be measured at cost less any impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. Any impairment will be recorded prospectively through earnings, with related disclosures to be made. Upon adoption on January 1, 2018, the Company recognized a net $24 thousand reclassification from accumulated other comprehensive income to retained earnings relating to equity securities with a readily determinable fair value. In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230) (“ASU 2016-15”). This guidance clarifies and provides guidance on several cash receipt and cash payment classification issues, including debt prepayment and extinguishment costs, settlement of zero-coupon debt instruments, contingent consideration payments made after a business combination, proceeds from the settlement of insurance claims, proceeds from the settlement of corporate-owned life insurance policies, including bank-owned life insurance policies, distributions received from equity method investees, beneficial interests in securitization transactions, and separately identifiable cash flows and application of the predominance principle. The amendments in this guidance are effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The adoption of this guidance on January 1, 2018 did not have a significant impact on the Company’s consolidated financial statements. In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230) (“ASU 2016-18”). This guidance requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Therefore, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The amendments in this guidance are effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The adoption of this guidance on January 1, 2018 did not have a significant impact on the Company’s consolidated financial statements. In March 2018, the FASB issued ASU 2018-4, Investments-Debt Securities (Topic 320) and Regulated Operations (Topic 980): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 117 and SEC Release No. 33-9273 (ASU 2018-04) which incorporate into the Accounting Standards Codification recent SEC guidance which was issued in order to make the relevant interpretive guidance consistent with current authoritative accounting and auditing guidance and SEC rules and regulations. The amendments were effective upon issuance. The adoption of these amendments did not have a material effect on the Company's consolidated financial statements. In March 2018, the FASB issued ASU 2018-05, Income Taxes (Topic 740): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 118 (ASU 2018-05). The amendments incorporate into the Accounting Standards Codification recent SEC guidance related to the income tax accounting implications of the Tax Cuts and Jobs Act. The amendments were effective upon issuance. The adoption of these amendments did not have a material effect on the Company's consolidated financial statements. In May 2018, FASB issued ASU 2018-06, Codification Improvements to Topic 942, Depository and Lending - Income Taxes . The amendments in this ASU supersede the guidance within Subtopic 942-741 that has been rescinded by the OCC and no longer relevant. A cross-reference between Subtopic 740-30, Income Taxes-Other Considerations or Special Areas, and Subtopic 942-740 is being added to the remaining guidance in Subtopic 740-30 to improve the usefulness of the codification. The amendments in this update are effective upon issuance, as no accounting requirements are affected. The adoption of these amendments did not have a material impact on the Company’s consolidated financial statements. Recent Accounting Guidance Not Yet Effective In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) (“ASU 2016-02”). The new guidance establishes the principles to report transparent and economically neutral information about the assets and liabilities that arise from leases. Entities will be required to recognize the lease assets and lease liabilities that arise from leases in the statement of financial position and to disclose qualitative and quantitative information about lease transactions, such as information about variable lease payments and options to renew and terminate leases. This guidance is effective for fiscal years beginning after December 15, 2018, including interim periods within the fiscal year. The Company is currently evaluating the impact of the adoption of ASU 2016-02 to determine the potential impact it will have on its consolidated financial statements. The Company’s assets and liabilities will increase based on the present value of the remaining lease payments for leases in place at the adoption date; however, this is not expected to be material to the Company’s consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, Financial Instruments—Credit Losses (Topic 326) (“ASU 2016-13”). This guidance is intended to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments and other commitments to extend credit held by a reporting entity at each reporting date. To achieve this objective, the amendments in this guidance replace the incurred loss impairment methodology in current US GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to credit loss estimates. This ASU will be effective for fiscal years beginning after December 15, 2019. Early adoption is available as of the fiscal year beginning after December 15, 2018. The Company is evaluating the provisions of the guidance, and will closely monitor developments and additional guidance to determine the potential impact on the Company’s consolidated financial statements. Management is in the process of identifying the methodologies and the additional data requirements necessary to implement the guidance and has engaged an existing third-party service provider to assist in implementation. In February 2018, the FASB issued ASU 2018-03, Technical Corrections and Improvements to Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. The amendments provide targeted improvements to address certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. Specifically, the amendments include clarifications related to: measurement elections, transition requirements, and adjustments associated with equity securities without readily determinable fair values; fair value measurement requirements for forward contracts and purchased options on equity securities; presentation requirements for hybrid financial liabilities for which the fair value option has been elected; and measurement requirements for liabilities denominated in a foreign currency for which the fair value option has been elected. The amendments are effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years beginning after June 15, 2018. Early adoption is permitted. The Company does not expect the adoption of ASU 2018-03 to have a material impact on its consolidated financial statements.

Restatement of Previously Issue

Restatement of Previously Issued Financial Statements	3 Months Ended
	Mar. 31, 2018
Accounting Changes and Error Corrections [Abstract]
Restatement of Previously Issued Financial Statements	RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS On February 5, 2018, the Company announced that the Audit Committee of the Board of Directors of the Company, after consultation with management and its independent registered accounting firm, determined that the Company’s consolidated financial statements for the fiscal year ended December 31, 2016, and for each of the first three quarters of 2017, were not in compliance with generally accepted accounting principles and would be restated. The decision to restate these consolidated financial statements was based on the Company’s conclusion that it had been overly conservative in its earnings calculations, primarily as a result of the complex accounting treatment for the Company’s equity compensation plan. In addition, the Company had provided accruals for expenses in years 2014, 2015 and 2016 in anticipation of incurring certain expenses, which expenses, for a number of different reasons, were never incurred. The result was that the Company had over-accrued for expenses. The net after-tax result of the restatement was that the Company earned approximately $1.06 million more in income after taxes than was reported in the consolidated financial statements for the years ended December 31, 2014 through 2016. In each of the quarters ended March 31, 2017, June 30, 2017 and September 30, 2017, the Company had incorrectly accrued for certain expenses resulting in $156 thousand less in income after taxes for the nine months ended September 30, 2017. The restatement for the years ended 2014 through 2016 and the nine months ended September 30, 2017 are reflected in the Company's audited consolidated financial statements as of and for the years ended December 31, 2017 and 2016, which are included in the Company's Form S-4, dated April 25, 2018, filed with the United States Securities and Exchange Commission. The net after-tax impact on net income for the three months ended March 31, 2017 was a reduction of $8 thousand . The primary components of the impact on noninterest expense were an $80 thousand decrease in professional fees, offset by a $44 thousand increase in customer service expense and a $26 thousand increase in deposit insurance and regulatory assessments. As of March 31, 2017, the restatement resulted in an increase in other assets and total assets of $733 thousand , an increase in other liabilities and total liabilities of $741 thousand and an $8 thousand decrease in retained earnings and total equity.

Business Combination

Business Combination	3 Months Ended
	Mar. 31, 2018
Business Combinations [Abstract]
Business Combination	BUSINESS COMBINATION On February 26, 2018, the Company announced that it entered into an Agreement and Plan of Reorganization and Merger, dated February 23, 2018, by which Pacific Commerce Bancorp will be merged with and into First Choice Bancorp; and Pacific Commerce Bancorp’s bank subsidiary, Pacific Commerce Bank, will be merged with and into First Choice Bancorp’s bank subsidiary, First Choice Bank (collectively, the “Merger”). Under the terms of the merger agreement, each shareholder will receive 0.46531 shares (referred to as the exchange ratio) of First Choice Bancorp for each outstanding share of Pacific Commerce Bancorp common stock. The Merger is an all stock transaction valued at approximately $119.0 million , or $12.38 per share, based on a closing price of $26.60 for First Choice’s common stock as of April 30, 2018. The merger agreement is subject to satisfaction of customary closing conditions, including regulatory approvals and approval by both the shareholders of the Company and Pacific Commerce Bancorp. Pacific Commerce Bancorp’s and the Company’s shareholder meetings are scheduled for June 15 th , 2018 and June 19 th , 2018, respectively. The Company expects the transaction to close early in the third quarter of 2018. Pacific Commerce Bancorp is headquartered in Los Angeles, California, with $566.0 million in total assets, $422.3 million in gross loans and $492.6 million in total deposits as of March 31, 2018 . Pacific Commerce Bancorp has six full-service branches in Los Angeles and San Diego Counties, including its operating division, ProAmérica Bank, in Downtown Los Angeles. The transaction will increase First Choice’s total assets to approximately $1.6 billion on a pro forma basis as of March 31, 2018 . At March 31, 2018 , the Company's interest checking deposits included a $5.0 million balance from Pacific Commerce Bancorp. On May 10, 2018, the Company was advised by the Federal Deposit Insurance Corporation (the “FDIC”) that the Merger was approved, subject to the completion of certain conditions in the approval order. In addition, the Board of Governors of the Federal Reserve System (the “Board”) has advised the Company that, subject to FDIC approval, the Board has waived the requirement for a separate application. On May 25, 2018, the Commissioner of the California Department of Business Oversight ("CDBO") approved the Merger. All bank regulatory approvals and waivers required in connection with the Merger have now been obtained. See Note 17 - Subsequent Events .

Investment Securities

Investment Securities	3 Months Ended
	Mar. 31, 2018
Investments, Debt and Equity Securities [Abstract]
Investment Securities	INVESTMENT SECURITIES Investment securities have been classified in the condensed consolidated balance sheets according to management’s intent. The carrying amount of securities held-to-maturity and securities available-for-sale and their approximate fair values at March 31, 2018 and December 31, 2017 were as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value March 31, 2018 (in thousands) Securities available-for-sale: Mortgage-backed securities $ 8,348 $ — $ (358 ) $ 7,990 Collateralized mortgage obligations 13,365 27 (387 ) 13,005 SBA pools 10,426 — (376 ) 10,050 $ 32,139 $ 27 $ (1,121 ) $ 31,045 Securities held-to-maturity: U.S. Government and agency securities $ 3,276 $ — $ (78 ) $ 3,198 Mortgage-backed securities 2,016 — (95 ) 1,921 $ 5,292 $ — $ (173 ) $ 5,119 December 31, 2017 Securities available-for-sale: Mortgage-backed securities $ 8,698 $ 4 $ (206 ) $ 8,496 Collateralized mortgage obligations 13,872 40 (253 ) 13,659 SBA pools 10,559 — (254 ) 10,305 Mutual fund investment 2,577 — (35 ) 2,542 $ 35,706 $ 44 $ (748 ) $ 35,002 Securities held-to-maturity: U.S. Government and agency securities $ 3,273 $ — $ (18 ) $ 3,255 Mortgage-backed securities 2,027 — (53 ) 1,974 $ 5,300 $ — $ (71 ) $ 5,229 The amortized cost and estimated fair value of all investment securities held-to-maturity and available-for-sale at March 31, 2018 , by contractual maturities are shown below. Contractual maturities may differ from expected maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Held to Maturity Available for Sale Amortized Cost Fair Value Amortized Cost Fair Value (in thousands) Due in one year or less $ — $ — $ — $ — Due after one year through five years — — — — Due after five years through ten years 3,276 3,198 — — Due after ten years (1) 2,016 1,921 32,139 31,045 $ 5,292 $ 5,119 $ 32,139 $ 31,045 (1) Mortgage-backed securities, collateralized mortgage obligations and SBA pools do not have a single stated maturity date and therefore have been included in the "Due after ten years" category. There were no sales of any investment securities available-for-sale or held-to-maturity during the three months ended March 31, 2018 and 2017 . There were no maturities or calls of investment securities during the three months ended March 31, 2018 and 2017 . At March 31, 2018 securities held-to-maturity with a carrying amount of $5.3 million were pledged to the Federal Reserve Bank as discussed in Note 8 – Borrowing Arrangements. As of March 31, 2018 and December 31, 2017 , unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, are summarized as follows: Less Than Twelve Months Over Twelve Months Total Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value March 31, 2018 (in thousands) Securities available-for-sale: Mortgage-backed securities $ (4 ) $ 737 $ (354 ) $ 7,199 $ (358 ) $ 7,936 Collateralized mortgage obligations (125 ) 4,114 (262 ) 7,567 (387 ) 11,681 SBA pools (87 ) 3,735 (289 ) 6,315 (376 ) 10,050 $ (216 ) $ 8,586 $ (905 ) $ 21,081 $ (1,121 ) $ 29,667 Securities held-to-maturity: U.S. Government and agency securities $ — $ — $ (78 ) $ 3,198 $ (78 ) $ 3,198 Mortgage-backed securities (23 ) 926 (72 ) 995 (95 ) 1,921 $ (23 ) $ 926 $ (150 ) $ 4,193 $ (173 ) $ 5,119 December 31, 2017 Securities available-for-sale: Mortgage-backed securities $ (1 ) $ 59 $ (205 ) $ 7,639 $ (206 ) $ 7,698 Collateralized mortgage obligations (74 ) 4,329 (179 ) 7,946 (253 ) 12,275 SBA pools (20 ) 3,858 (234 ) 6,447 (254 ) 10,305 Mutual fund investment — — (35 ) 2,542 (35 ) 2,542 $ (95 ) $ 8,246 $ (653 ) $ 24,574 $ (748 ) $ 32,820 Securities held-to-maturity: U.S. Government and agency securities $ — $ — $ (18 ) $ 3,255 $ (18 ) $ 3,255 Mortgage-backed securities (6 ) 949 (47 ) 1,025 (53 ) 1,974 $ (6 ) $ 949 $ (65 ) $ 4,280 $ (71 ) $ 5,229 As of March 31, 2018 , the Company had 25 investment securities where estimated fair value had decreased 3.6% from amortized cost. Unrealized losses on debt securities have not been recognized into income because the issuers’ bonds are above investment grade, management does not intend to sell and it is not more likely than not that management would be required to sell the securities prior to their anticipated recovery, and the decline in fair value is largely due to changes in interest rates. The fair value is expected to recover as the bonds approach maturity. As of March 31, 2018, the Company had one mutual fund investment consisting of high quality debt securities and other debt instruments supporting affordable housing and community development in the United States. There is a readily determinable market value available for this equity investment and therefore with the adoption of ASU No. 2016-01 on January 1, 2018, changes in the fair value of this equity security are recognized in earnings. Upon adoption of ASU 2016-01, the Company recorded a transition adjustment to reclassify $24 thousand in net unrealized losses from accumulated other comprehensive income ("AOCI") to retained earnings. ASU 2016-01 also eliminated the requirement to classify equity investments into different categories such as "available-for-sale." The adoption of ASU 2016-01 may result in more earnings volatility as changes in fair value of certain equity investments will now be recorded in the statement of earnings as opposed to AOCI. The fair value of equity securities was $2.5 million at March 31, 2018. During the three months ended March 31, 2018, the Company recognized a gross loss of $51 thousand related to negative changes in fair value during the period. At March 31, 2018 , the Company held investment securities issued by Fannie Mae whose market value represented approximately 15.2% of shareholders’ equity. No other issuers represented 10% or more of the Company’s shareholders’ equity at March 31, 2018 . Federal Home Loan Bank Stock and Other Bank Stocks In connection with outstanding Federal Home Loan Bank ("FHLB") advances, the Company owned FHLB stock carried at cost of $3.6 million at both March 31, 2018 and December 31, 2017 . At March 31, 2018 and December 31, 2017 , the Bank was required to own FHLB stock at least equal to the greater of 1% of FHLB membership asset value or 2.7% of outstanding FHLB advances. During the three months ended March 31, 2018 , there were no required purchases of FHLB stock. The Company evaluated the carrying value of its FHLB stock investment at March 31, 2018 , and determined that it was not impaired. This evaluation considered the long-term nature of the investment, the current financial and liquidity position of the FHLB, repurchase activity of excess stock by the FHLB at its carrying value, the return on the investment from recurring dividends, and the Company’s intent and ability to hold this investment for a period of time sufficient to recover our recorded investment. The Company also has restricted securities in the form of capital stock invested in two different banker’s bank stocks ("other bank stock"). Capital stock invested in these entities totaled $278 thousand and $293 thousand at March 31, 2018 and December 31, 2017 , respectively. With the adoption of ASU No. 2016-01 on January 1, 2018, equity investments (except those accounted for under the equity method of accounting or that result in the consolidation of the investee) are recorded at fair value, with changes in the fair value recognized in earnings. There is no readily determinable fair value for the other bank stock; therefore, these restricted securities are measured under the practicability exception which requires the Company to adjust the carrying amount for impairment and observable price changes in orderly transactions for the identical or a similar investment of the same issuer. During the three months ended March 31, 2018 , the Company recognized a $15 thousand loss related to changes in the fair value of these equity securities.

Loans

Loans	3 Months Ended
	Mar. 31, 2018
Receivables [Abstract]
Loans	LOANS The Company’s loan portfolio consists primarily of loans to borrowers within Los Angeles County, Orange County and San Diego County of California. Although the Company seeks to avoid concentrations of loans to a single industry or based upon a single class of collateral, real estate and real estate associated businesses, such as hospitality businesses, are among the principal industries in the Company’s market area and, as a result, the Company’s loan and collateral portfolios are, to some degree, concentrated in those industries. The Company also originates SBA loans either for sale to institutional investors or for retention in the loan portfolio. Loans identified as held for sale are carried at lower of carrying value or market value and separately designated as such in the condensed consolidated financial statements. A portion of the Company’s revenues are from origination of loans guaranteed by the SBA under its various programs and sale of the guaranteed portions of the loans. Funding for these loans depends on annual appropriations by the U.S. Congress. The Company has pledged loans to secure lines of credit with the FHLB and as collateral for letters of credit issued by FHLB to guarantee $40.0 million in state public deposits as discussed in Note 8 – Borrowing Arrangements and Note 10 – Commitments. The composition of the Company’s loan portfolio at March 31, 2018 and December 31, 2017 was as follows: March 31, 2018 December 31, 2017 (in thousands) Construction and land development $ 113,481 $ 115,427 Real estate: Residential 57,234 62,719 Commercial real estate - owner occupied 63,832 53,106 Commercial real estate - non-owner occupied 265,961 252,114 Commercial and industrial (1) 200,339 169,184 SBA loans 91,887 92,509 Consumer 848 828 Gross loans $ 793,582 $ 745,887 Net deferred fees (469 ) (400 ) Net discounts (3,683 ) (3,774 ) Allowance for loan losses (10,010 ) (10,497 ) Loans receivable, net $ 779,420 $ 731,216 (1) Includes loans secured by the cash surrender values (CSV) of life insurance policies totaling $35.0 million and $32.8 million at the March 31, 2018 and December 31, 2017, respectively. At March 31, 2018 and December 31, 2017, the ratio of aggregate unpaid principal balances to the aggregate CSVs for this portfolio totaled 94.0% and 88.1% , respectively. A summary of the changes in the allowance for loan losses for the three months ended March 31, 2018 and 2017 follows: Three Months Ended March 31, 2018 2017 (in thousands) Balance, beginning of period $ 10,497 $ 11,599 Provision for loan losses 200 — Charge-offs (754 ) (76 ) Recoveries 67 — Net charge-offs (687 ) (76 ) Balance, end of period $ 10,010 $ 11,523 The following table presents the activity in the allowance for loan losses for three months ended March 31, 2018 and 2017 by portfolio segment: Three Months Ended March 31, 2018 Real Estate Construction and Land Development Residential Commercial - Owner Occupied Commercial - Non-owner Occupied Commercial and Industrial SBA Loans Consumer Total (in thousands) Balance, December 31, 2017 $ 1,597 $ 375 $ 655 $ 3,136 $ 3,232 $ 1,494 $ 8 $ 10,497 Provision for (reversal of) loan losses (390 ) 79 (18 ) (387 ) 904 10 2 200 Charge-offs — — — — (514 ) (240 ) — (754 ) Recoveries — — — — 67 — — 67 Net charge-offs — — — — (447 ) (240 ) — (687 ) Balance, March 31, 2018 $ 1,207 $ 454 $ 637 $ 2,749 $ 3,689 $ 1,264 $ 10 $ 10,010 Reserves: Specific $ — $ — $ — $ — $ — $ — $ — $ — General 1,207 454 637 2,749 3,689 1,264 10 10,010 $ 1,207 $ 454 $ 637 $ 2,749 $ 3,689 $ 1,264 $ 10 $ 10,010 Loans evaluated for impairment: Individually $ — $ — $ — $ — $ 111 $ 950 $ — $ 1,061 Collectively 113,481 57,234 63,832 265,961 200,228 90,937 848 792,521 $ 113,481 $ 57,234 $ 63,832 $ 265,961 $ 200,339 $ 91,887 $ 848 $ 793,582 Three Months Ended March 31, 2017 Real Estate Construction and Land Development Residential Commercial - Owner Occupied Commercial - Non-owner Occupied Commercial and Industrial SBA Loans Consumer Total (in thousands) Balance, December 31, 2016 $ 1,827 $ 924 $ 618 $ 2,501 $ 3,541 $ 2,086 $ 102 $ 11,599 Provision for (reversal of) loan losses (207 ) (161 ) (56 ) 332 113 (21 ) — — Charge-offs — — — — — (76 ) — (76 ) Recoveries — — — — — — — — Net charge-offs — — — — — (76 ) — (76 ) Balance, March 31, 2017 $ 1,620 $ 763 $ 562 $ 2,833 $ 3,654 $ 1,989 $ 102 $ 11,523 The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as current financial information, historical payment experience, collateral adequacy, credit documentation, and current economic trends, among other factors. The Company analyzes loans individually by classifying the loans as to credit risk. This analysis typically includes larger, non-homogeneous loans such as commercial real estate and commercial and industrial loans. This analysis is performed on an ongoing basis as new information is obtained. The Company uses the following definitions for risk ratings: Pass - Loans classified as pass represent assets with a level of credit quality which contain no well-defined deficiency or weakness. Special Mention - Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date. Substandard - Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans 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 institution will sustain some loss if the deficiencies are not corrected. The risk category of gross loans by class of loans was as follows as of March 31, 2018 and December 31, 2017 : March 31, 2018 Pass Special Mention Substandard (1) Total (in thousands) Construction and land development $ 113,481 $ — $ — $ 113,481 Real estate: Residential 57,234 — — 57,234 Commercial real estate - owner occupied 63,832 — — 63,832 Commercial real estate - non-owner occupied 265,961 — — 265,961 Commercial and industrial 194,283 5,945 111 200,339 SBA loans 85,662 4,761 1,464 91,887 Consumer 848 — — 848 $ 781,301 $ 10,706 $ 1,575 $ 793,582 (1) At March 31, 2018 , substandard loans included $1.1 million of impaired loans. December 31, 2017 Pass Special Mention Substandard (1) Total (in thousands) Construction and land development $ 115,427 $ — $ — $ 115,427 Real estate: Residential 62,719 — — 62,719 Commercial real estate - owner occupied 53,106 — — 53,106 Commercial real estate - non-owner occupied 252,114 — — 252,114 Commercial and industrial 161,679 6,871 634 169,184 SBA loans 86,653 4,130 1,726 92,509 Consumer 828 — — 828 $ 732,526 $ 11,001 $ 2,360 $ 745,887 (1) At December 31, 2017 , substandard loans included $1.8 million of impaired loans. Past due and nonaccrual loans presented by loan class were as follows as of March 31, 2018 and December 31, 2017 : March 31, 2018 Still Accruing 30-59 Days Past Due 60-89 Days Past Due Over 90 Days Past Due Nonaccrual (in thousands) Construction and land development $ — $ — $ — $ — Real estate: Residential 139 — — — Commercial real estate - owner occupied — — — — Commercial real estate - non-owner occupied — — — — Commercial and industrial — — — 111 SBA loans 427 — — 950 Consumer — — — — Total $ 566 $ — $ — $ 1,061 December 31, 2017 Still Accruing 30-59 Days Past Due 60-89 Days Past Due Over 90 Days Past Due Nonaccrual (in thousands) Construction and land development $ — $ — $ — $ — Real estate: Residential 1,079 — — — Commercial real estate - owner occupied — — — — Commercial real estate - non-owner occupied — — — — Commercial and industrial — — — 634 SBA loans — — — 1,200 Consumer — — — — Total $ 1,079 $ — $ — $ 1,834 A loan is considered impaired, when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. Information relating to individually impaired loans presented by class of loans was as follows as of March 31, 2018 and December 31, 2017 : March 31, 2018 Impaired Loans Unpaid Principal Balance Recorded Investment(1) Without Specific Reserve With Specific Reserve Related Allowance (in thousands) Construction and land development $ — $ — $ — $ — $ — Real estate: Residential — — — — — Commercial real estate - owner occupied — — — — — Commercial real estate - non-owner occupied — — — — — Commercial and industrial 194 111 111 — — SBA loans 1,261 950 950 — — Consumer — — — — — Other — — — — — Total $ 1,455 $ 1,061 $ 1,061 $ — $ — (1) Recorded investment represents unpaid principal balance, net of charge-offs and interest applied to principal on nonaccrual loans, if any. December 31, 2017 Impaired Loans Unpaid Principal Balance Recorded Investment(1) Without Specific Reserve With Specific Reserve Related Allowance (in thousands) Construction and land development $ — $ — $ — $ — $ — Real estate: Residential — — — — — Commercial real estate - owner occupied — — — — — Commercial real estate - non-owner occupied — — — — — Commercial and industrial 640 634 9 625 299 SBA loans 1,266 1,200 839 361 205 Consumer — — — — — Other — — — — — Total $ 1,906 $ 1,834 $ 848 $ 986 $ 504 (1) Recorded investment represents unpaid principal balance, net of charge-offs and interest applied to principal on nonaccrual loans, if any. The average recorded investment in impaired loans and related interest income recognized for the three months ended March 31, 2018 and 2017 was as follows: Three Months Ended March 31, 2018 2017 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized (in thousands) Construction and land development $ — $ — $ — $ — Real estate: Residential — — — — Commercial real estate - owner occupied — — — — Commercial real estate - non-owner occupied — — — — Commercial and industrial 174 — 1,460 — SBA loans 1,263 — 1,788 — Consumer — — — — Other — — — — Total $ 1,437 $ — $ 3,248 $ — At March 31, 2018 and December 31, 2017 , the Company had approximately $1.1 million and $1.8 million , respectively, in recorded investment in loans identified as troubled debt restructurings (“TDR’s”) and had allocated approximately $0 and $504 thousand , respectively, as specific reserves for these loans. The Company has not committed to lend any additional amounts to customers with outstanding loans that are classified as TDR’s as of March 31, 2018 . At March 31, 2018 and December 31, 2017, loan modifications resulting in TDR status generally included one or a combination of the following: extensions of the maturity date, principal payment deferments or signed forbearance agreement with a payment plan. During the three months ended March 31, 2018 and 2017 , there were no new loan modifications resulting in TDRs. During the three months ended March 31, 2018, there was one loan totaling $390 thousand modified as a troubled debt restructuring for which there was a payment default within twelve months following the modification. There were no loans modified as troubled debt restructuring for which there was a payment default within twelve months following the modification during the three months ended March 31, 2017 . A loan is considered to be in payment default once it is 90 days contractually past due under the modification. At March 31, 2018 and December 31, 2017, the Company had loans held for sale, consisting of SBA 7(a) loans totaling $11.5 million and $10.6 million, respectively. The Company accounts for loans held for sale at the lower of carrying value or market. At March 31, 2018 and December 31, 2017, the fair value of loans held for sale totaled $12.2 million and $11.5 million, respectively.

Transfers and Servicing of Fina

Transfers and Servicing of Financial Assets	3 Months Ended
	Mar. 31, 2018
Transfers and Servicing [Abstract]
Transfers and Servicing of Financial Assets	TRANSFERS AND SERVICING OF FINANCIAL ASSETS The Company sells loans in the secondary market and, for certain loans, retains the servicing responsibility. Consideration for the sale includes the cash received as well as the related servicing rights asset. The Company receives servicing fees ranging from 0.25% to 1.00% for the services provided. Capitalized servicing rights as of March 31, 2018 and December 31, 2017 totaled $2.5 million and $2.6 million , respectively. SBA loans sold during the three months ended March 31, 2018 and 2017 totaled $2.7 million and $13.3 million , respectively. Total gains on sale of SBA loans were $247 thousand and $1.2 million for the three months ended March 31, 2018 and 2017 , respectively. SBA loans serviced for others totaled $137.3 million at March 31, 2018 and $140.4 million at December 31, 2017 . Additionally, the Company was servicing construction and land development loans, commercial real estate loans and commercial & industrial loans participated out to various other institutions amounting to $76.4 million and $81.6 million at March 31, 2018 and December 31, 2017 , respectively. During the three months ended March 31, 2018 and 2017 , there were no sales of other commercial real estate loans, where servicing was not retained. The Company may sell loans to maintain its loan concentration limits. SBA loans serviced for others are accounted for as sales and therefore are not included in the accompanying condensed consolidated balance sheets. The risks inherent in SBA servicing assets relate primarily to changes in prepayments that result from shifts in interest rates. The significant assumptions used in the valuation for SBA servicing rights at March 31, 2018 included discount rates, ranging from 10.8% to 24.2% and a weighted average prepayment speed assumption of 10.6% . Activity for SBA servicing assets follows: Three Months Ended March 31, 2018 2017 (in thousands) Balance, beginning of period $ 2,618 $ 2,262 Additions 55 293 Amortization (165 ) (98 ) Impairment — — Balance, end of period $ 2,508 $ 2,457 The fair value of servicing assets for SBA loans was $2.8 million and $3.0 million as of March 31, 2018 and December 31, 2017 , respectively. Servicing fees net of servicing asset amortization totaled $153 thousand and $171 thousand for the three months ended March 31, 2018 and 2017 , respectively. Contractually specified servicing fees were $318 thousand and $269 thousand for the three months ended March 31, 2018 and 2017 , respectively, and were included as a component of net servicing fees within non-interest income. The following table summarizes the estimated change in the value of servicing assets as of March 31, 2018 given hypothetical shifts in prepayments speeds and yield assumptions: Change in Assumption Change in Estimated Fair Value Prepayment speeds +10% $ (105 ) Prepayment speeds +20% (204 ) Discount rate +1% (93 ) Discount rate +2% (179 )

Deposits

Deposits	3 Months Ended
	Mar. 31, 2018
Banking and Thrift [Abstract]
Deposits	DEPOSITS The Company’s ten largest depositor relationships accounted for approximately 19.6% of total deposits at March 31, 2018 . Time deposits that exceeded the FDIC insurance limit of $250,000 amounted to $106.7 million and $81.9 million as of March 31, 2018 and December 31, 2017 , respectively. The Company qualifies to participate in a state public deposits program that allows it to receive deposits from the state or from political subdivisions within the state in amounts that would not be covered by the FDIC. This program provides a stable source of funding to the Company. As of March 31, 2018 , deposit balances under this program totaled $40 million . In connection with our participation in this program, loans pledged with the FHLB serve as collateral for $44 million in letters of credit issued by FHLB as collateral for the state public deposits. See Note 8 – Borrowing Arrangements for information regarding pledged collateral with FHLB.

Borrowing Arrangements

Borrowing Arrangements	3 Months Ended
	Mar. 31, 2018
Debt Disclosure [Abstract]
Borrowing Arrangements	BORROWING ARRANGEMENTS Federal Home Loan Bank borrowings As of March 31, 2018 , the Company had total borrowing capacity up to $225.9 million from the Federal Home Loan Bank of San Francisco (“FHLB”) subject to providing adequate collateral and continued compliance with the Advances and Security Agreement and other eligibility requirements established by the FHLB. As of March 31, 2018, the Company had pledged loans in the amount of $680.3 million as collateral for this borrowing agreement. There were $57.0 million and $20.0 million in borrowings under this arrangement, with an interest rate of 1.87% and 1.41% as of March 31, 2018 and December 31, 2017 , respectively. The entire amount outstanding is an overnight advance. The weighted average interest rate during the three months ended March 31, 2018 and 2017 was 1.58% and 0.80% . As of March 31, 2018 , the remaining financing availability was $124.9 million . Federal funds purchased The Company may borrow up to $42.0 million overnight on an unsecured basis from three of its primary correspondent banks. In general, interest rates on these lines approximate the federal funds target rate. Overnight borrowings under these credit facilities were $18.0 million and zero at March 31, 2018 and December 31, 2017 , respectively. The weighted average interest rate during the three months ended March 31, 2018 and 2017 was 2.37% and 0.00% , respectively. Senior secured notes On December 22, 2017, the Company entered into a loan agreement with another bank to borrow up to $10 million . One of the Company's executives is also a member of the lending bank's board of directors. This facility is secured by 100% of the common stock of the Bank and bears interest, due quarterly, at a rate of U.S. Prime rate plus 0.25% and matures on December 22, 2019 (“Maturity Date”). The terms of the loan agreement require the Bank to maintain minimum capital ratios, a minimum return on average assets, certain minimum loan and asset ratios and other covenants, including (i) leverage ratio greater than or equal to 9.0% , (ii) tier 1 capital ratio greater than or equal to 11.0% and $90 million , (iii) total capital ratio greater than or equal to 12.0% , (iv) CET1 capital ratio greater than or equal to 11.0% , (v) return on average assets greater than or equal to 0.85% , (vi) total loans to total assets less than or equal to 85.0% and (vii) classified assets to Tier 1 capital plus the allowance for loan losses of less than or equal to 35.0% . In the event of default, the lender has the option to declare all outstanding balances as immediately due. Upon maturity, the Company will pay a lookback fee equal to sum of (i) 0.25% of the portion of the loan not requested and drawn on December 22, 2018 (“Anniversary Date”) and (ii) 0.25% of the portion of the loan not requested and drawn between the Anniversary Date and Maturity Date. At March 31, 2018 , the outstanding balance under the facility totaled $2.6 million and the interest rate was 5.00% . At December 31, 2017 , the outstanding balance under the facility totaled $350 thousand and the interest rate was 4.75% . The weighted average interest rate during the three months ended March 31, 2018 was 4.77% . At March 31, 2018 , the Company was in compliance with all loan covenants on the facility. On February 27, 2018, the Company received approval increasing the available credit under its senior secured notes facility from $10.0 million to $25.0 million , subject to completion of the merger with Pacific Commerce Bancorp (Refer to Note 3 – Business Combination). Other borrowings As of March 31, 2018 , the Company had borrowing capacity of approximately $4.9 million with the Federal Reserve Bank discount window. As of March 31, 2018, the Company had pledged securities held-to-maturity with a carrying value of $5.3 million as collateral for this line. There were no borrowings under this arrangement as of March 31, 2018 and December 31, 2017 .

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2018
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES The asset and liability method is used in accounting for income taxes. Under this method, deferred tax assets and liabilities are determined based on differences between financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. For the three months ended March 31, 2018 and 2017 , income tax expense was $859 thousand and $1.5 million , respectively. The effective income tax rate was 26.5% and 40.8% for the three months ended March 31, 2018 and 2017 , respectively. The Company’s effective tax rate was favorably impacted during the first quarter of 2018 by the reduction of the federal income tax rate from 35% to 21% under comprehensive tax legislation commonly referred to as the Tax Cuts and Jobs Act (“Tax Act”) effective December 22, 2017. As of March 31, 2018, the Company has not yet completed accounting for the enactment of the Tax Act; however, the Company believes it has reasonably estimated the effects of the Tax Act by recording a provisional income tax expense of $1.8 million for the year ended December 31, 2017 in accordance with SEC Staff Accounting Bulletin 118 (“SAB 118”). As required by SAB 118, the Company will continue to evaluate and re-measure the impact of the Tax Act on deferred tax amounts that existed at December 31, 2017 and record appropriate income tax provision amounts in 2018. The Company and its subsidiary are subject to federal income and California franchise tax. The Federal statute of limitations for the assessment of income tax for the years ending after December 31, 2013 remain open and the California statute of limitations for the assessment of franchise tax remain open for the years ending after December 31, 2012. The Company did not have unrecognized tax benefits that related to uncertainties associated with federal and state income tax matters as of March 31, 2018 and December 31, 2017. The Company accounts for income taxes by recognizing deferred tax assets and liabilities based upon temporary differences between the amounts for financial reporting purposes and tax basis of its assets and liabilities. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion, or all, of the deferred tax asset will not be realized. In assessing the realization of deferred tax assets, management evaluates both positive and negative evidence, including the forecasts of future income, applicable tax planning strategies, and assessments of current and future economic and business conditions. This analysis is updated quarterly and adjusted as necessary. Based on this analysis, Management has determined that a valuation allowance for deferred tax assets was not required as of March 31, 2018.

Commitments

Commitments	3 Months Ended
	Mar. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments	COMMITMENTS In the ordinary course of business, the Company enters into financial commitments to meet the financing needs of its customers. These financial commitments include commitments to extend credit and standby letters of credit. Those instruments involve to varying degrees, elements of credit and interest rate risk not recognized in the Company’s consolidated financial statements. The Company’s exposure to loan loss in the event of nonperformance on commitments to extend credit and standby letters of credit is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments as it does for loans reflected in the consolidated financial statements. As of March 31, 2018 and December 31, 2017 , the Company had the following outstanding financial commitments whose contractual amount represents credit risk: March 31, December 31, (in thousands) Commitments to extend credit $ 234,581 $ 237,371 Standby letters of credit 1,346 996 Total $ 235,927 $ 238,367 Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Since many of the commitments are expected to expire without being drawn upon, the total amounts do not necessarily represent future cash requirements. The Company evaluates each client’s credit worthiness on a case-by-case basis. The amount of collateral obtained if deemed necessary by the Company is based on management’s credit evaluation of the customer. The majority of the Company’s commitments to extend credit and standby letters of credit are secured by real estate. The reserve for unfunded commitments was $1.0 million and $952 thousand at March 31, 2018 and December 31, 2017 , respectively. The reserve for unfunded commitments is included in "other liabilities" in the condensed consolidated balance sheets. In connection with the participation in a state public deposit program (Refer to Note 7 – Deposits ), the Company has pledged $44 million in loans with the FHLB that serve as collateral for $44 million in letters of credit issued by FHLB to guarantee $40 million in state public deposits the Company received under the program as of March 31, 2018 .

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2018
Related Party Transactions [Abstract]
Related Party Transactions	RELATED PARTY TRANSACTIONS In the ordinary course of business, the Company may grant loans to certain executive officers and directors and the companies with which they are associated. The change in outstanding balances during the three months ended March 31, 2018 and 2017 is as follows: Three Months Ended March 31, 2018 2017 Balance, beginning of period $ 1,768 $ 2,168 Payments (13 ) (13 ) Balance, end of period $ 1,755 $ 2,155 Deposits from certain officers and directors and the companies with which they are associated held by the Company at March 31, 2018 and December 31, 2017 amounted to $39.5 million and $35.1 million , respectively. In December 2017 , the Company entered into a $10 million senior secured facility (refer to Note 8 – Borrowing Arrangements ) with another bank in which one of the executives of the Company is also a member of this bank’s board of directors. The outstanding balance of this facility was $2.6 million at March 31, 2018 .

Stock-Based Compensation Plans

Stock-Based Compensation Plans	3 Months Ended
	Mar. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation Plans	STOCK-BASED COMPENSATION PLANS The Company’s 2013 Omnibus Stock Incentive Plan (“2013 Plan”) was approved by shareholders in May 2013. Under the terms of the 2013 Plan, officers and key employees may be granted both nonqualified and incentive stock options and directors and other consultants, who are not also an officer or employee, may only be granted nonqualified stock options. The 2013 Plan also permits the grant of stock appreciation rights (“SARs”), restricted shares, deferred shares, performance shares and performance unit awards. The 2013 Plan provides for the total number of awards of common stock that may be issued over the term of the plan not to exceed 1,390,620 shares, of which a maximum of 1,390,620 shares may be granted as incentive stock options. Stock options, SARs, performance share and unit awards are granted at a price no less than 100% of the fair market value of the stock on the date of grant. Options generally vest over a period of three to five years. The 2013 Plan provides for accelerated vesting if there is a change of control, as defined in the 2013 Plan. Stock options expire no later than ten years from the date of the grant. The 2013 Plan expires in 2023. The 2013 plan replaced the 2005 Stock Option Plan which expired in 2015. The Company recognized stock-based compensation expense of $458 thousand and $324 thousand for the three months ended March 31, 2018 and 2017 , respectively. The Company did not grant any stock options during the three months ended March 31, 2018 and 2017 . A summary of activity in the Company’s outstanding stock options during the three months ended March 31, 2018 and 2017 are as follows: Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value Three months ended March 31, 2018: (in thousands, except share data) Outstanding, beginning of period 65,978 $ 10.17 Exercised — — Granted — — Forfeited — — Outstanding, end of period 65,978 $ 10.17 5.1 years $ 1,008 Option exercisable 56,243 $ 9.97 5.1 years $ 871 Three months ended March 31, 2017: Outstanding, beginning of period 98,858 $ 9.50 Exercised (27,040 ) 7.86 Granted — — Forfeited — — Outstanding, end of period 71,818 $ 10.12 6.1 years $ 738 Option exercisable 52,246 $ 9.72 5.8 years $ 558 As of March 31, 2018 , there was approximately $8 thousand of total unrecognized compensation cost related to the outstanding stock options that will be recognized over a weighted-average period of 0.8 years . The intrinsic value of options exercised during the three months ended March 31, 2018 and 2017 was approximately $0 thousand and $300 thousand , respectively. A summary of activity in the Company’s outstanding restricted shares for the three months ended March 31, 2018 and 2017 are as follows: Shares Weighted Average Grant-Date Fair Value Three months ended March 31, 2018: Nonvested, beginning of period 142,553 $ 20.28 Grants 5,439 25.48 Shares vested (62,789 ) 22.41 Shares forfeited (1,718 ) 20.57 Nonvested, end of period 83,485 $ 22.41 Three months ended March 31, 2017: Nonvested, beginning of period 58,581 $ 14.10 Grants 56,372 18.46 Shares vested (18,822 ) 14.43 Shares forfeited (1,510 ) 15.11 Nonvested, end of period 94,621 $ 16.62 As of March 31, 2018 , there was approximately $1.3 million of total unrecognized compensation cost related to the restricted shares that will be recognized over the weighted-average period of 1.0 year . The intrinsic value of restricted shares that vested was approximately $1.6 million and $356 thousand during the three months ended March 31, 2018 and 2017 , respectively.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2018
Earnings Per Share [Abstract]
Earnings Per Share	EARNINGS PER SHARE Earnings per share (“EPS”) are computed on a basic and diluted basis. Basic EPS is computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding. Basic shares outstanding exclude unvested shares of restricted stock and stock options. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that shares in the earnings of the Company. The Company’s unvested grants of restricted stock contain non-forfeitable rights to dividends, which are required to be treated as participating securities and included in the computation of earnings per share. The following is a reconciliation of net income and shares outstanding used in the computation of basic and diluted EPS: Three Months Ended March 31, 2018 2017 (restated(1)) Numerator for basic earnings per share: Net earnings $ 2,379 $ 2,126 Less: dividends and earnings allocated to participating securities (31 ) (31 ) Net income available to common shareholders 2,348 2,095 Denominator for basic earnings per share: Basic weighted average common shares outstanding during the period 7,160,938 7,081,366 Denominator for diluted earnings per share: Basic weighted average common shares outstanding during the period 7,160,938 7,081,366 Net effect of dilutive stock options 39,119 33,122 Diluted weighted average common shares 7,200,057 7,114,488 Net earnings per common share: Basic $ 0.33 $ 0.30 Diluted $ 0.33 $ 0.30 (1) See Note 2 - Restatement of Previously Issued Financial Statements for restatement information

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2018
Fair Value Disclosures [Abstract]
Fair Value Measurements	FAIR VALUE MEASUREMENTS The following is a description of valuation methodologies used for assets and liabilities recorded at fair value: Securities The fair values of securities available-for-sale are determined by matrix pricing, which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted prices for specific securities but rather by relying on the securities’ relationship to other benchmark quoted securities (Level 2). Equity Securities The fair value of equity securities is based on quoted prices in active markets for identical assets (Level 1) to determine the fair value. If quoted prices are not available to determine fair value, the Company uses other inputs that are directly observable. The following table provides the hierarchy and fair value for each major category of assets and liabilities measured at fair value on a recurring basis at March 31, 2018 and December 31, 2017 : Recurring Fair Value Measurements Level 1 Level 2 Level 3 Total March 31, 2018: (in thousands) Securities available-for-sale: Mortgage-backed securities $ — $ 7,990 $ — $ 7,990 Collateralized mortgage obligations — 13,005 — 13,005 SBA Pools — 10,050 — 10,050 Securities available-for-sale $ — $ 31,045 $ — $ 31,045 Equity securities: Mutual fund investment $ 2,508 $ — $ — $ 2,508 December 31, 2017: Securities available-for-sale: Mortgage-backed securities — 8,496 — 8,496 Collateralized mortgage obligations — 13,659 — 13,659 SBA Pools — 10,305 — 10,305 Mutual fund investment 2,542 — — 2,542 Securities available-for-sale $ 2,542 $ 32,460 $ — $ 35,002 The Company is required to measure certain assets and liabilities at estimated fair value from time to time. These fair value measurements typically result from the application of specific accounting pronouncements under GAAP. The fair value measurements are considered nonrecurring fair value measurements under FASB ASC 820-10. At March 31, 2018 and 2017 impaired loans subject to nonrecurring fair value measurements (Level 3) and resulting in net losses totaled $0.2 million and $1.4 million , respectively. Total nonrecurring losses (which include charge-offs, net of recoveries and changes in specific reserves) recognized for impaired loans during the three months ended March 31, 2018 and 2017 totaled $0.2 million and $0.1 million , respectively. The Company utilized a 10% discount rate to appraised values for nonrecurring fair value measurements related to collateral-dependent impaired loans during the three months ended March 31, 2018 and 2017 . For nonrecurring fair value measurements related to non-collateral dependent impaired loans during the three month ended March 31, 2018 and 2017 the entire balances were substantially charged off. There were no transfers of financial assets between Levels 1, 2 and 3 for the three months ended March 31, 2018 and 2017 . FAIR VALUE OF FINANCIAL INSTRUMENTS The fair value of a financial instrument is the amount at which the asset or obligation could be exchanged (using an exit price notion) in a current transaction between willing parties, other than in a forced or liquidation sale. Fair value estimates are made at a specific point in time based on relevant market information and information about the financial instrument. These estimates do not reflect any premium or discount that could result from offering for sale at one time the entire holdings of a particular financial instrument. Because no market value exists for a significant portion of the financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments, and other factors. These estimates are subjective in nature, involve uncertainties and matters of judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates. Fair value estimates are based on financial instruments both on and off the balance sheet without attempting to estimate the value of anticipated future business and the value of assets and liabilities that are not considered financial instruments. Additionally, tax consequences related to the realization of the unrealized gains and losses can have a potential effect on fair value estimates and have not been considered in many of the estimates. On January 1, 2018, the Company adopted ASU 2016-01 and ASU 2018-03 which requires the use of the exit price notion when measuring the fair values of financial instruments for disclosure purposes. Starting in the first quarter of 2018, we updated our methodology used to estimate fair values to conform to the new requirements. The following methods and assumptions were used to estimate the fair value of certain financial instruments not previously presented: Loans The fair value of loans, which is based on an exit price notion, is generally determined using an income-based approach based on discounted cash flow analysis. This approach utilizes the contractual maturity of the loans and market indications of interest rates, prepayment speeds, defaults and credit risk in determining fair value. For impaired loans, an asset-based approach is applied to determine the estimated fair values of the underlying collateral. This approach utilizes the estimated net sales proceeds to determine the fair value of the loans when deemed appropriate. The implied sales proceeds value provides a better indication of value than using an income-based approach as these loans are not performing or exhibit strong signs indicative of non-performance. Equity Securities The fair value of equity securities is based on quoted prices in active markets for identical assets to determine the fair value. If quoted prices are not available to determine fair value, the Company uses other inputs that are directly observable. The fair value hierarchy level and estimated fair value of significant financial instruments at March 31, 2018 and December 31, 2017 : March 31, 2018 December 31, 2017 Fair Value Hierarchy Carrying Amount Fair Value (1) Carrying Amount Fair Value (1) Financial Assets: (in thousands) Cash and cash equivalents Level 1 $ 100,065 $ 100,065 $ 103,132 $ 103,132 Securities available-for-sale Level 2 31,045 31,045 35,002 35,002 Securities held-to-maturity Level 2 5,292 5,119 5,300 5,229 Equity securities Level 1 2,508 2,508 — — Loans held for sale Level 2 11,525 12,231 10,599 11,488 Loan receivable, net Level 3 779,420 787,026 731,216 743,114 Federal Home Loan Bank N/A 3,640 N/A 3,640 N/A Servicing asset Level 3 2,508 2,830 2,618 2,991 Accrued interest receivable Level 2 3,358 3,358 3,108 3,108 Financial Liabilities: Deposits Level 2 $ 758,801 $ 756,746 $ 772,679 $ 770,999 Federal Home Loan Bank borrowings Level 2 57,000 57,000 20,000 20,000 Federal funds purchased Level 2 18,000 18,000 — — Senior secured notes Level 2 2,550 2,550 350 350 Accrued interest payable Level 2 165 165 114 114 (1) March 31, 2018 estimated fair values are based on exit price assumptions and the December 31, 2017 estimated fair values are not based on exit price assumptions.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2018
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	FAIR VALUE MEASUREMENTS The following is a description of valuation methodologies used for assets and liabilities recorded at fair value: Securities The fair values of securities available-for-sale are determined by matrix pricing, which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted prices for specific securities but rather by relying on the securities’ relationship to other benchmark quoted securities (Level 2). Equity Securities The fair value of equity securities is based on quoted prices in active markets for identical assets (Level 1) to determine the fair value. If quoted prices are not available to determine fair value, the Company uses other inputs that are directly observable. The following table provides the hierarchy and fair value for each major category of assets and liabilities measured at fair value on a recurring basis at March 31, 2018 and December 31, 2017 : Recurring Fair Value Measurements Level 1 Level 2 Level 3 Total March 31, 2018: (in thousands) Securities available-for-sale: Mortgage-backed securities $ — $ 7,990 $ — $ 7,990 Collateralized mortgage obligations — 13,005 — 13,005 SBA Pools — 10,050 — 10,050 Securities available-for-sale $ — $ 31,045 $ — $ 31,045 Equity securities: Mutual fund investment $ 2,508 $ — $ — $ 2,508 December 31, 2017: Securities available-for-sale: Mortgage-backed securities — 8,496 — 8,496 Collateralized mortgage obligations — 13,659 — 13,659 SBA Pools — 10,305 — 10,305 Mutual fund investment 2,542 — — 2,542 Securities available-for-sale $ 2,542 $ 32,460 $ — $ 35,002 The Company is required to measure certain assets and liabilities at estimated fair value from time to time. These fair value measurements typically result from the application of specific accounting pronouncements under GAAP. The fair value measurements are considered nonrecurring fair value measurements under FASB ASC 820-10. At March 31, 2018 and 2017 impaired loans subject to nonrecurring fair value measurements (Level 3) and resulting in net losses totaled $0.2 million and $1.4 million , respectively. Total nonrecurring losses (which include charge-offs, net of recoveries and changes in specific reserves) recognized for impaired loans during the three months ended March 31, 2018 and 2017 totaled $0.2 million and $0.1 million , respectively. The Company utilized a 10% discount rate to appraised values for nonrecurring fair value measurements related to collateral-dependent impaired loans during the three months ended March 31, 2018 and 2017 . For nonrecurring fair value measurements related to non-collateral dependent impaired loans during the three month ended March 31, 2018 and 2017 the entire balances were substantially charged off. There were no transfers of financial assets between Levels 1, 2 and 3 for the three months ended March 31, 2018 and 2017 . FAIR VALUE OF FINANCIAL INSTRUMENTS The fair value of a financial instrument is the amount at which the asset or obligation could be exchanged (using an exit price notion) in a current transaction between willing parties, other than in a forced or liquidation sale. Fair value estimates are made at a specific point in time based on relevant market information and information about the financial instrument. These estimates do not reflect any premium or discount that could result from offering for sale at one time the entire holdings of a particular financial instrument. Because no market value exists for a significant portion of the financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments, and other factors. These estimates are subjective in nature, involve uncertainties and matters of judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates. Fair value estimates are based on financial instruments both on and off the balance sheet without attempting to estimate the value of anticipated future business and the value of assets and liabilities that are not considered financial instruments. Additionally, tax consequences related to the realization of the unrealized gains and losses can have a potential effect on fair value estimates and have not been considered in many of the estimates. On January 1, 2018, the Company adopted ASU 2016-01 and ASU 2018-03 which requires the use of the exit price notion when measuring the fair values of financial instruments for disclosure purposes. Starting in the first quarter of 2018, we updated our methodology used to estimate fair values to conform to the new requirements. The following methods and assumptions were used to estimate the fair value of certain financial instruments not previously presented: Loans The fair value of loans, which is based on an exit price notion, is generally determined using an income-based approach based on discounted cash flow analysis. This approach utilizes the contractual maturity of the loans and market indications of interest rates, prepayment speeds, defaults and credit risk in determining fair value. For impaired loans, an asset-based approach is applied to determine the estimated fair values of the underlying collateral. This approach utilizes the estimated net sales proceeds to determine the fair value of the loans when deemed appropriate. The implied sales proceeds value provides a better indication of value than using an income-based approach as these loans are not performing or exhibit strong signs indicative of non-performance. Equity Securities The fair value of equity securities is based on quoted prices in active markets for identical assets to determine the fair value. If quoted prices are not available to determine fair value, the Company uses other inputs that are directly observable. The fair value hierarchy level and estimated fair value of significant financial instruments at March 31, 2018 and December 31, 2017 : March 31, 2018 December 31, 2017 Fair Value Hierarchy Carrying Amount Fair Value (1) Carrying Amount Fair Value (1) Financial Assets: (in thousands) Cash and cash equivalents Level 1 $ 100,065 $ 100,065 $ 103,132 $ 103,132 Securities available-for-sale Level 2 31,045 31,045 35,002 35,002 Securities held-to-maturity Level 2 5,292 5,119 5,300 5,229 Equity securities Level 1 2,508 2,508 — — Loans held for sale Level 2 11,525 12,231 10,599 11,488 Loan receivable, net Level 3 779,420 787,026 731,216 743,114 Federal Home Loan Bank N/A 3,640 N/A 3,640 N/A Servicing asset Level 3 2,508 2,830 2,618 2,991 Accrued interest receivable Level 2 3,358 3,358 3,108 3,108 Financial Liabilities: Deposits Level 2 $ 758,801 $ 756,746 $ 772,679 $ 770,999 Federal Home Loan Bank borrowings Level 2 57,000 57,000 20,000 20,000 Federal funds purchased Level 2 18,000 18,000 — — Senior secured notes Level 2 2,550 2,550 350 350 Accrued interest payable Level 2 165 165 114 114 (1) March 31, 2018 estimated fair values are based on exit price assumptions and the December 31, 2017 estimated fair values are not based on exit price assumptions.

Revenue Recognition

Revenue Recognition	3 Months Ended
	Mar. 31, 2018
Revenue from Contract with Customer [Abstract]
Revenue Recognition	REVENUE RECOGNITION On January 1, 2018, the Company adopted ASU 2014-09, Revenue from Contracts with Customers (Topic 606) , including all subsequent amendments. As stated in Note 1 - Basis of Presentation , the adoption of ASU 2014-01 did not have a material impact on the Company’s consolidated financial statements. The Company’s largest portions of revenue, interest and fees on loans and gain on sales of loans, are specifically excluded from the scope of the guidance, and the Company currently recognizes the majority of the remaining revenue sources in a manner that management believes is consistent with the new guidance. The Company earns fees from its deposit customers for transaction-based fees, account maintenance charges, and overdraft services. Transaction-based fees, which include items such as ATM and ACH fees, overdraft and stop payment charges, are recognized at the time such transactions are executed and the service has been fulfilled by the Company. Account maintenance charges, which are primarily monthly fees, are earned over the course of the month, which represents the period through which the Company satisfies the performance obligation. Overdraft fees are recognized at the time the overdraft occurs. Service charges are typically withdrawn from the customer’s account balance. The following is a summary of revenue from contracts with customers that are in-scope and not in-scope under Topic 606: Three Months Ended March 31, 2018 2017 Noninterest income, in-scope Topic 606 Service charges and fees on deposit accounts $ 215 $ 66 Other income 9 3 Total noninterest income, in-scope Topic 606 224 69 Noninterest income, not in-scope Topic 606: Gain on sale of loans 247 1,190 Net servicing fees 153 171 Change in fair value of equity securities (66 ) — Other income 5 41 Noninterest income, not in-scope Topic 606 339 1,402 Total noninterest income $ 563 $ 1,471

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2018
Subsequent Events [Abstract]
Subsequent Events	SUBSEQUENT EVENTS On April 30, 2018, the Company declared a $0.20 cash dividend payable on May 29, 2018 to shareholders of record as of May 18, 2018. The cash dividend totaled approximately $ 1.5 million . On May 10, 2018, the Company was advised by the FDIC that the Merger (discussed in Note 3 - Business Combination ) was approved, subject to the completion of certain conditions in the approval order. In addition, the Board of Governors of the Federal Reserve System (the “Board”) has advised the Company that, subject to FDIC approval, the Board has waived the requirement for a separate application. On May 25, 2018, the Commissioner of the CDBO approved the Merger. All bank regulatory approvals and waivers required in connection with the Merger have now been obtained.

Basis of Presentation and Sum25

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Use of Estimates in the Preparation of Consolidated Financial Statements	Use of Estimates in the Preparation of Consolidated Financial Statements The preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The allowance for loan losses and fair value of financial instruments are particularly subject to change in the near term.
Accounting Standards Adopted in 2018	Accounting Standards Adopted in 2018 In May 2014, the Financial Accounting Standards Board (“FASB”) issued ASU 2014-09, Revenue from Contracts with Customers (Topic606) (“ASU 2014-09”). ASU 2014-09 implements a common revenue standard that clarifies the principles for recognizing revenue. The core principle of ASU 2014-09 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the following steps: (i) identify the contract(s) with a customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract and (v) recognize revenue when (or as) the entity satisfies a performance obligation. ASU 2015-14, Revenue from Contracts with Customers (Topic 606) (“ASU 2015-14”) was issued in August 2015 which defers adoption to annual reporting periods beginning after December 15, 2017. The adoption of ASU 2014-09 on January 1, 2018 did not have a material impact on the Company’s consolidated financial statements. The timing of the Company’s revenue recognition did not materially change. The Company’s largest portions of revenue, interest and fees on loans and gain on sales of loans, are specifically excluded from the scope of the guidance, and the Company currently recognizes the majority of the remaining revenue sources in a manner that management believes is consistent with the new guidance. Because of this, management believes that revenue recognized under the new guidance will generally approximate revenue recognized under current GAAP. See Note 16 - Revenue Recognition . In January 2016, the FASB issued ASU 2016-01, Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities (“ASU 2016-01”). This guidance changes how entities account for equity investments that do not result in consolidation and are not accounted for under the equity method of accounting. Entities will be required to measure these investments at fair value at the end of each reporting period and recognize changes in fair value in net income. A practicability exception will be available for equity investments that do not have readily determinable fair values; however, the exception requires the Company to adjust the carrying amount for impairment and observable price changes in orderly transactions for the identical or a similar investment of the same issuer. This guidance also changes certain disclosure requirements and other aspects of current US GAAP. This guidance is effective for fiscal years beginning after December 15, 2017, including interim periods within the fiscal year. Early adoption is permitted for only one of the six amendments. In addition, this update also changes the presentation and disclosure requirements for financial instruments, including a requirement that public business entities us the exit price when measuring the fair value of financial instruments measured at amortized cost for disclosure purposes. The Company measures the fair value of financial instruments reported at amortized cost in the balance sheet using the exit price notion (refer to Note 15 - Fair Value of Financial Instruments for further discussion) . The Company has evaluated its applicable equity investments and determined that other bank stocks qualify for the measurement exception, which allows those investments to be measured at cost less any impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. Any impairment will be recorded prospectively through earnings, with related disclosures to be made. Upon adoption on January 1, 2018, the Company recognized a net $24 thousand reclassification from accumulated other comprehensive income to retained earnings relating to equity securities with a readily determinable fair value. In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230) (“ASU 2016-15”). This guidance clarifies and provides guidance on several cash receipt and cash payment classification issues, including debt prepayment and extinguishment costs, settlement of zero-coupon debt instruments, contingent consideration payments made after a business combination, proceeds from the settlement of insurance claims, proceeds from the settlement of corporate-owned life insurance policies, including bank-owned life insurance policies, distributions received from equity method investees, beneficial interests in securitization transactions, and separately identifiable cash flows and application of the predominance principle. The amendments in this guidance are effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The adoption of this guidance on January 1, 2018 did not have a significant impact on the Company’s consolidated financial statements. In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230) (“ASU 2016-18”). This guidance requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Therefore, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The amendments in this guidance are effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The adoption of this guidance on January 1, 2018 did not have a significant impact on the Company’s consolidated financial statements. In March 2018, the FASB issued ASU 2018-4, Investments-Debt Securities (Topic 320) and Regulated Operations (Topic 980): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 117 and SEC Release No. 33-9273 (ASU 2018-04) which incorporate into the Accounting Standards Codification recent SEC guidance which was issued in order to make the relevant interpretive guidance consistent with current authoritative accounting and auditing guidance and SEC rules and regulations. The amendments were effective upon issuance. The adoption of these amendments did not have a material effect on the Company's consolidated financial statements. In March 2018, the FASB issued ASU 2018-05, Income Taxes (Topic 740): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 118 (ASU 2018-05). The amendments incorporate into the Accounting Standards Codification recent SEC guidance related to the income tax accounting implications of the Tax Cuts and Jobs Act. The amendments were effective upon issuance. The adoption of these amendments did not have a material effect on the Company's consolidated financial statements. In May 2018, FASB issued ASU 2018-06, Codification Improvements to Topic 942, Depository and Lending - Income Taxes . The amendments in this ASU supersede the guidance within Subtopic 942-741 that has been rescinded by the OCC and no longer relevant. A cross-reference between Subtopic 740-30, Income Taxes-Other Considerations or Special Areas, and Subtopic 942-740 is being added to the remaining guidance in Subtopic 740-30 to improve the usefulness of the codification. The amendments in this update are effective upon issuance, as no accounting requirements are affected. The adoption of these amendments did not have a material impact on the Company’s consolidated financial statements. Recent Accounting Guidance Not Yet Effective In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) (“ASU 2016-02”). The new guidance establishes the principles to report transparent and economically neutral information about the assets and liabilities that arise from leases. Entities will be required to recognize the lease assets and lease liabilities that arise from leases in the statement of financial position and to disclose qualitative and quantitative information about lease transactions, such as information about variable lease payments and options to renew and terminate leases. This guidance is effective for fiscal years beginning after December 15, 2018, including interim periods within the fiscal year. The Company is currently evaluating the impact of the adoption of ASU 2016-02 to determine the potential impact it will have on its consolidated financial statements. The Company’s assets and liabilities will increase based on the present value of the remaining lease payments for leases in place at the adoption date; however, this is not expected to be material to the Company’s consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, Financial Instruments—Credit Losses (Topic 326) (“ASU 2016-13”). This guidance is intended to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments and other commitments to extend credit held by a reporting entity at each reporting date. To achieve this objective, the amendments in this guidance replace the incurred loss impairment methodology in current US GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to credit loss estimates. This ASU will be effective for fiscal years beginning after December 15, 2019. Early adoption is available as of the fiscal year beginning after December 15, 2018. The Company is evaluating the provisions of the guidance, and will closely monitor developments and additional guidance to determine the potential impact on the Company’s consolidated financial statements. Management is in the process of identifying the methodologies and the additional data requirements necessary to implement the guidance and has engaged an existing third-party service provider to assist in implementation. In February 2018, the FASB issued ASU 2018-03, Technical Corrections and Improvements to Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. The amendments provide targeted improvements to address certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. Specifically, the amendments include clarifications related to: measurement elections, transition requirements, and adjustments associated with equity securities without readily determinable fair values; fair value measurement requirements for forward contracts and purchased options on equity securities; presentation requirements for hybrid financial liabilities for which the fair value option has been elected; and measurement requirements for liabilities denominated in a foreign currency for which the fair value option has been elected. The amendments are effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years beginning after June 15, 2018. Early adoption is permitted. The Company does not expect the adoption of ASU 2018-03 to have a material impact on its consolidated financial statements.

Investment Securities (Tables)

Investment Securities (Tables)	3 Months Ended
	Mar. 31, 2018
Investments, Debt and Equity Securities [Abstract]
Summary of Available-for-sale Securities Amortized Cost and Fair Value	The carrying amount of securities held-to-maturity and securities available-for-sale and their approximate fair values at March 31, 2018 and December 31, 2017 were as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value March 31, 2018 (in thousands) Securities available-for-sale: Mortgage-backed securities $ 8,348 $ — $ (358 ) $ 7,990 Collateralized mortgage obligations 13,365 27 (387 ) 13,005 SBA pools 10,426 — (376 ) 10,050 $ 32,139 $ 27 $ (1,121 ) $ 31,045 Securities held-to-maturity: U.S. Government and agency securities $ 3,276 $ — $ (78 ) $ 3,198 Mortgage-backed securities 2,016 — (95 ) 1,921 $ 5,292 $ — $ (173 ) $ 5,119 December 31, 2017 Securities available-for-sale: Mortgage-backed securities $ 8,698 $ 4 $ (206 ) $ 8,496 Collateralized mortgage obligations 13,872 40 (253 ) 13,659 SBA pools 10,559 — (254 ) 10,305 Mutual fund investment 2,577 — (35 ) 2,542 $ 35,706 $ 44 $ (748 ) $ 35,002 Securities held-to-maturity: U.S. Government and agency securities $ 3,273 $ — $ (18 ) $ 3,255 Mortgage-backed securities 2,027 — (53 ) 1,974 $ 5,300 $ — $ (71 ) $ 5,229
Summary of Held-to-maturity Securities Amortized Cost and Fair Value	The carrying amount of securities held-to-maturity and securities available-for-sale and their approximate fair values at March 31, 2018 and December 31, 2017 were as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value March 31, 2018 (in thousands) Securities available-for-sale: Mortgage-backed securities $ 8,348 $ — $ (358 ) $ 7,990 Collateralized mortgage obligations 13,365 27 (387 ) 13,005 SBA pools 10,426 — (376 ) 10,050 $ 32,139 $ 27 $ (1,121 ) $ 31,045 Securities held-to-maturity: U.S. Government and agency securities $ 3,276 $ — $ (78 ) $ 3,198 Mortgage-backed securities 2,016 — (95 ) 1,921 $ 5,292 $ — $ (173 ) $ 5,119 December 31, 2017 Securities available-for-sale: Mortgage-backed securities $ 8,698 $ 4 $ (206 ) $ 8,496 Collateralized mortgage obligations 13,872 40 (253 ) 13,659 SBA pools 10,559 — (254 ) 10,305 Mutual fund investment 2,577 — (35 ) 2,542 $ 35,706 $ 44 $ (748 ) $ 35,002 Securities held-to-maturity: U.S. Government and agency securities $ 3,273 $ — $ (18 ) $ 3,255 Mortgage-backed securities 2,027 — (53 ) 1,974 $ 5,300 $ — $ (71 ) $ 5,229
Investments Classified by Contractual Maturity Date	The amortized cost and estimated fair value of all investment securities held-to-maturity and available-for-sale at March 31, 2018 , by contractual maturities are shown below. Contractual maturities may differ from expected maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Held to Maturity Available for Sale Amortized Cost Fair Value Amortized Cost Fair Value (in thousands) Due in one year or less $ — $ — $ — $ — Due after one year through five years — — — — Due after five years through ten years 3,276 3,198 — — Due after ten years (1) 2,016 1,921 32,139 31,045 $ 5,292 $ 5,119 $ 32,139 $ 31,045 (1) Mortgage-backed securities, collateralized mortgage obligations and SBA pools do not have a single stated maturity date and therefore have been included in the "Due after ten years" category.
Schedule of Unrealized Loss on Investments	As of March 31, 2018 and December 31, 2017 , unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, are summarized as follows: Less Than Twelve Months Over Twelve Months Total Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value March 31, 2018 (in thousands) Securities available-for-sale: Mortgage-backed securities $ (4 ) $ 737 $ (354 ) $ 7,199 $ (358 ) $ 7,936 Collateralized mortgage obligations (125 ) 4,114 (262 ) 7,567 (387 ) 11,681 SBA pools (87 ) 3,735 (289 ) 6,315 (376 ) 10,050 $ (216 ) $ 8,586 $ (905 ) $ 21,081 $ (1,121 ) $ 29,667 Securities held-to-maturity: U.S. Government and agency securities $ — $ — $ (78 ) $ 3,198 $ (78 ) $ 3,198 Mortgage-backed securities (23 ) 926 (72 ) 995 (95 ) 1,921 $ (23 ) $ 926 $ (150 ) $ 4,193 $ (173 ) $ 5,119 December 31, 2017 Securities available-for-sale: Mortgage-backed securities $ (1 ) $ 59 $ (205 ) $ 7,639 $ (206 ) $ 7,698 Collateralized mortgage obligations (74 ) 4,329 (179 ) 7,946 (253 ) 12,275 SBA pools (20 ) 3,858 (234 ) 6,447 (254 ) 10,305 Mutual fund investment — — (35 ) 2,542 (35 ) 2,542 $ (95 ) $ 8,246 $ (653 ) $ 24,574 $ (748 ) $ 32,820 Securities held-to-maturity: U.S. Government and agency securities $ — $ — $ (18 ) $ 3,255 $ (18 ) $ 3,255 Mortgage-backed securities (6 ) 949 (47 ) 1,025 (53 ) 1,974 $ (6 ) $ 949 $ (65 ) $ 4,280 $ (71 ) $ 5,229

Loans (Tables)

Loans (Tables)	3 Months Ended
	Mar. 31, 2018
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable	The composition of the Company’s loan portfolio at March 31, 2018 and December 31, 2017 was as follows: March 31, 2018 December 31, 2017 (in thousands) Construction and land development $ 113,481 $ 115,427 Real estate: Residential 57,234 62,719 Commercial real estate - owner occupied 63,832 53,106 Commercial real estate - non-owner occupied 265,961 252,114 Commercial and industrial (1) 200,339 169,184 SBA loans 91,887 92,509 Consumer 848 828 Gross loans $ 793,582 $ 745,887 Net deferred fees (469 ) (400 ) Net discounts (3,683 ) (3,774 ) Allowance for loan losses (10,010 ) (10,497 ) Loans receivable, net $ 779,420 $ 731,216 (1) Includes loans secured by the cash surrender values (CSV) of life insurance policies totaling $35.0 million and $32.8 million at the March 31, 2018 and December 31, 2017, respectively. At March 31, 2018 and December 31, 2017, the ratio of aggregate unpaid principal balances to the aggregate CSVs for this portfolio totaled 94.0% and 88.1% , respectively.
Allowance for Credit Losses on Financing Receivables	The following table presents the activity in the allowance for loan losses for three months ended March 31, 2018 and 2017 by portfolio segment: Three Months Ended March 31, 2018 Real Estate Construction and Land Development Residential Commercial - Owner Occupied Commercial - Non-owner Occupied Commercial and Industrial SBA Loans Consumer Total (in thousands) Balance, December 31, 2017 $ 1,597 $ 375 $ 655 $ 3,136 $ 3,232 $ 1,494 $ 8 $ 10,497 Provision for (reversal of) loan losses (390 ) 79 (18 ) (387 ) 904 10 2 200 Charge-offs — — — — (514 ) (240 ) — (754 ) Recoveries — — — — 67 — — 67 Net charge-offs — — — — (447 ) (240 ) — (687 ) Balance, March 31, 2018 $ 1,207 $ 454 $ 637 $ 2,749 $ 3,689 $ 1,264 $ 10 $ 10,010 Reserves: Specific $ — $ — $ — $ — $ — $ — $ — $ — General 1,207 454 637 2,749 3,689 1,264 10 10,010 $ 1,207 $ 454 $ 637 $ 2,749 $ 3,689 $ 1,264 $ 10 $ 10,010 Loans evaluated for impairment: Individually $ — $ — $ — $ — $ 111 $ 950 $ — $ 1,061 Collectively 113,481 57,234 63,832 265,961 200,228 90,937 848 792,521 $ 113,481 $ 57,234 $ 63,832 $ 265,961 $ 200,339 $ 91,887 $ 848 $ 793,582 Three Months Ended March 31, 2017 Real Estate Construction and Land Development Residential Commercial - Owner Occupied Commercial - Non-owner Occupied Commercial and Industrial SBA Loans Consumer Total (in thousands) Balance, December 31, 2016 $ 1,827 $ 924 $ 618 $ 2,501 $ 3,541 $ 2,086 $ 102 $ 11,599 Provision for (reversal of) loan losses (207 ) (161 ) (56 ) 332 113 (21 ) — — Charge-offs — — — — — (76 ) — (76 ) Recoveries — — — — — — — — Net charge-offs — — — — — (76 ) — (76 ) Balance, March 31, 2017 $ 1,620 $ 763 $ 562 $ 2,833 $ 3,654 $ 1,989 $ 102 $ 11,523 A summary of the changes in the allowance for loan losses for the three months ended March 31, 2018 and 2017 follows: Three Months Ended March 31, 2018 2017 (in thousands) Balance, beginning of period $ 10,497 $ 11,599 Provision for loan losses 200 — Charge-offs (754 ) (76 ) Recoveries 67 — Net charge-offs (687 ) (76 ) Balance, end of period $ 10,010 $ 11,523
Financing Receivable Credit Quality Indicators	The risk category of gross loans by class of loans was as follows as of March 31, 2018 and December 31, 2017 : March 31, 2018 Pass Special Mention Substandard (1) Total (in thousands) Construction and land development $ 113,481 $ — $ — $ 113,481 Real estate: Residential 57,234 — — 57,234 Commercial real estate - owner occupied 63,832 — — 63,832 Commercial real estate - non-owner occupied 265,961 — — 265,961 Commercial and industrial 194,283 5,945 111 200,339 SBA loans 85,662 4,761 1,464 91,887 Consumer 848 — — 848 $ 781,301 $ 10,706 $ 1,575 $ 793,582 (1) At March 31, 2018 , substandard loans included $1.1 million of impaired loans. December 31, 2017 Pass Special Mention Substandard (1) Total (in thousands) Construction and land development $ 115,427 $ — $ — $ 115,427 Real estate: Residential 62,719 — — 62,719 Commercial real estate - owner occupied 53,106 — — 53,106 Commercial real estate - non-owner occupied 252,114 — — 252,114 Commercial and industrial 161,679 6,871 634 169,184 SBA loans 86,653 4,130 1,726 92,509 Consumer 828 — — 828 $ 732,526 $ 11,001 $ 2,360 $ 745,887 (1) At December 31, 2017 , substandard loans included $1.8 million of impaired loans.
Past Due Financing Receivables	Past due and nonaccrual loans presented by loan class were as follows as of March 31, 2018 and December 31, 2017 : March 31, 2018 Still Accruing 30-59 Days Past Due 60-89 Days Past Due Over 90 Days Past Due Nonaccrual (in thousands) Construction and land development $ — $ — $ — $ — Real estate: Residential 139 — — — Commercial real estate - owner occupied — — — — Commercial real estate - non-owner occupied — — — — Commercial and industrial — — — 111 SBA loans 427 — — 950 Consumer — — — — Total $ 566 $ — $ — $ 1,061 December 31, 2017 Still Accruing 30-59 Days Past Due 60-89 Days Past Due Over 90 Days Past Due Nonaccrual (in thousands) Construction and land development $ — $ — $ — $ — Real estate: Residential 1,079 — — — Commercial real estate - owner occupied — — — — Commercial real estate - non-owner occupied — — — — Commercial and industrial — — — 634 SBA loans — — — 1,200 Consumer — — — — Total $ 1,079 $ — $ — $ 1,834
Impaired Financing Receivables	The average recorded investment in impaired loans and related interest income recognized for the three months ended March 31, 2018 and 2017 was as follows: Three Months Ended March 31, 2018 2017 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized (in thousands) Construction and land development $ — $ — $ — $ — Real estate: Residential — — — — Commercial real estate - owner occupied — — — — Commercial real estate - non-owner occupied — — — — Commercial and industrial 174 — 1,460 — SBA loans 1,263 — 1,788 — Consumer — — — — Other — — — — Total $ 1,437 $ — $ 3,248 $ — Information relating to individually impaired loans presented by class of loans was as follows as of March 31, 2018 and December 31, 2017 : March 31, 2018 Impaired Loans Unpaid Principal Balance Recorded Investment(1) Without Specific Reserve With Specific Reserve Related Allowance (in thousands) Construction and land development $ — $ — $ — $ — $ — Real estate: Residential — — — — — Commercial real estate - owner occupied — — — — — Commercial real estate - non-owner occupied — — — — — Commercial and industrial 194 111 111 — — SBA loans 1,261 950 950 — — Consumer — — — — — Other — — — — — Total $ 1,455 $ 1,061 $ 1,061 $ — $ — (1) Recorded investment represents unpaid principal balance, net of charge-offs and interest applied to principal on nonaccrual loans, if any. December 31, 2017 Impaired Loans Unpaid Principal Balance Recorded Investment(1) Without Specific Reserve With Specific Reserve Related Allowance (in thousands) Construction and land development $ — $ — $ — $ — $ — Real estate: Residential — — — — — Commercial real estate - owner occupied — — — — — Commercial real estate - non-owner occupied — — — — — Commercial and industrial 640 634 9 625 299 SBA loans 1,266 1,200 839 361 205 Consumer — — — — — Other — — — — — Total $ 1,906 $ 1,834 $ 848 $ 986 $ 504 (1) Recorded investment represents unpaid principal balance, net of charge-offs and interest applied to principal on nonaccrual loans, if any.

Transfers and Servicing of Fi28

Transfers and Servicing of Financial Assets (Tables)	3 Months Ended
	Mar. 31, 2018
Transfers and Servicing [Abstract]
Servicing Asset at Amortized Cost	Activity for SBA servicing assets follows: Three Months Ended March 31, 2018 2017 (in thousands) Balance, beginning of period $ 2,618 $ 2,262 Additions 55 293 Amortization (165 ) (98 ) Impairment — — Balance, end of period $ 2,508 $ 2,457
Schedule of Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets	The following table summarizes the estimated change in the value of servicing assets as of March 31, 2018 given hypothetical shifts in prepayments speeds and yield assumptions: Change in Assumption Change in Estimated Fair Value Prepayment speeds +10% $ (105 ) Prepayment speeds +20% (204 ) Discount rate +1% (93 ) Discount rate +2% (179 )

Commitments (Tables)

Commitments (Tables)	3 Months Ended
	Mar. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Outstanding Financial Commitments	As of March 31, 2018 and December 31, 2017 , the Company had the following outstanding financial commitments whose contractual amount represents credit risk: March 31, December 31, (in thousands) Commitments to extend credit $ 234,581 $ 237,371 Standby letters of credit 1,346 996 Total $ 235,927 $ 238,367

Related Party Transactions (Tab

Related Party Transactions (Tables)	3 Months Ended
	Mar. 31, 2018
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	The change in outstanding balances during the three months ended March 31, 2018 and 2017 is as follows: Three Months Ended March 31, 2018 2017 Balance, beginning of period $ 1,768 $ 2,168 Payments (13 ) (13 ) Balance, end of period $ 1,755 $ 2,155

Stock-Based Compensation Plans

Stock-Based Compensation Plans (Tables)	3 Months Ended
	Mar. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-based Compensation Arrangements by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding	A summary of activity in the Company’s outstanding stock options during the three months ended March 31, 2018 and 2017 are as follows: Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value Three months ended March 31, 2018: (in thousands, except share data) Outstanding, beginning of period 65,978 $ 10.17 Exercised — — Granted — — Forfeited — — Outstanding, end of period 65,978 $ 10.17 5.1 years $ 1,008 Option exercisable 56,243 $ 9.97 5.1 years $ 871 Three months ended March 31, 2017: Outstanding, beginning of period 98,858 $ 9.50 Exercised (27,040 ) 7.86 Granted — — Forfeited — — Outstanding, end of period 71,818 $ 10.12 6.1 years $ 738 Option exercisable 52,246 $ 9.72 5.8 years $ 558
Nonvested Restricted Stock Shares Activity	A summary of activity in the Company’s outstanding restricted shares for the three months ended March 31, 2018 and 2017 are as follows: Shares Weighted Average Grant-Date Fair Value Three months ended March 31, 2018: Nonvested, beginning of period 142,553 $ 20.28 Grants 5,439 25.48 Shares vested (62,789 ) 22.41 Shares forfeited (1,718 ) 20.57 Nonvested, end of period 83,485 $ 22.41 Three months ended March 31, 2017: Nonvested, beginning of period 58,581 $ 14.10 Grants 56,372 18.46 Shares vested (18,822 ) 14.43 Shares forfeited (1,510 ) 15.11 Nonvested, end of period 94,621 $ 16.62

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2018
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	d diluted EPS: Three Months Ended March 31, 2018 2017 (restated(1)) Numerator for basic earnings per share: Net earnings $ 2,379 $ 2,126 Less: dividends and earnings allocated to participating securities (31 ) (31 ) Net income available to common shareholders 2,348 2,095 Denominator for basic earnings per share: Basic weighted average common shares outstanding during the period 7,160,938 7,081,366 Denominator for diluted earnings per share: Basic weighted average common shares outstanding during the period 7,160,938 7,081,366 Net effect of dilutive stock options 39,119 33,122 Diluted weighted average common shares 7,200,057 7,114,488 Net earnings per common share: Basic $ 0.33 $ 0.30 Diluted $ 0.33 $ 0.30 (1) See Note 2 - Restatement of Previously Issued Financial Statements for restatement information

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2018
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The following table provides the hierarchy and fair value for each major category of assets and liabilities measured at fair value on a recurring basis at March 31, 2018 and December 31, 2017 : Recurring Fair Value Measurements Level 1 Level 2 Level 3 Total March 31, 2018: (in thousands) Securities available-for-sale: Mortgage-backed securities $ — $ 7,990 $ — $ 7,990 Collateralized mortgage obligations — 13,005 — 13,005 SBA Pools — 10,050 — 10,050 Securities available-for-sale $ — $ 31,045 $ — $ 31,045 Equity securities: Mutual fund investment $ 2,508 $ — $ — $ 2,508 December 31, 2017: Securities available-for-sale: Mortgage-backed securities — 8,496 — 8,496 Collateralized mortgage obligations — 13,659 — 13,659 SBA Pools — 10,305 — 10,305 Mutual fund investment 2,542 — — 2,542 Securities available-for-sale $ 2,542 $ 32,460 $ — $ 35,002

Fair Value of Financial Instr34

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2018
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The fair value hierarchy level and estimated fair value of significant financial instruments at March 31, 2018 and December 31, 2017 : March 31, 2018 December 31, 2017 Fair Value Hierarchy Carrying Amount Fair Value (1) Carrying Amount Fair Value (1) Financial Assets: (in thousands) Cash and cash equivalents Level 1 $ 100,065 $ 100,065 $ 103,132 $ 103,132 Securities available-for-sale Level 2 31,045 31,045 35,002 35,002 Securities held-to-maturity Level 2 5,292 5,119 5,300 5,229 Equity securities Level 1 2,508 2,508 — — Loans held for sale Level 2 11,525 12,231 10,599 11,488 Loan receivable, net Level 3 779,420 787,026 731,216 743,114 Federal Home Loan Bank N/A 3,640 N/A 3,640 N/A Servicing asset Level 3 2,508 2,830 2,618 2,991 Accrued interest receivable Level 2 3,358 3,358 3,108 3,108 Financial Liabilities: Deposits Level 2 $ 758,801 $ 756,746 $ 772,679 $ 770,999 Federal Home Loan Bank borrowings Level 2 57,000 57,000 20,000 20,000 Federal funds purchased Level 2 18,000 18,000 — — Senior secured notes Level 2 2,550 2,550 350 350 Accrued interest payable Level 2 165 165 114 114 (1) March 31, 2018 estimated fair values are based on exit price assumptions and the December 31, 2017 estimated fair values are not based on exit price assumptions.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Mar. 31, 2018
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following is a summary of revenue from contracts with customers that are in-scope and not in-scope under Topic 606: Three Months Ended March 31, 2018 2017 Noninterest income, in-scope Topic 606 Service charges and fees on deposit accounts $ 215 $ 66 Other income 9 3 Total noninterest income, in-scope Topic 606 224 69 Noninterest income, not in-scope Topic 606: Gain on sale of loans 247 1,190 Net servicing fees 153 171 Change in fair value of equity securities (66 ) — Other income 5 41 Noninterest income, not in-scope Topic 606 339 1,402 Total noninterest income $ 563 $ 1,471

Basis of Presentation and Sum36

Basis of Presentation and Summary of Significant Accounting Policies (Details) $ in Thousands		3 Months Ended
		Mar. 31, 2018USD ($)segmentbranch	Jan. 01, 2018USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Number of operating segments | segment		1
Number of full-service branches | branch		5
Increase to gross loans, discounts, and unearned fees, due to reclassification		$ 2,900
Retained Earnings | Accounting Standards Update 2016-01
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reclassification, AOCI	[1]	24	$ (24)
AOCI Attributable to Parent | Accounting Standards Update 2016-01
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reclassification, AOCI	[1]	$ (24)	$ (24)
[1]	Impact due to adoption on January 1, 2018 of ASU 2016-01, "Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities"

Restatement of Previously Iss37

Restatement of Previously Issued Financial Statements (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended	24 Months Ended
	Mar. 31, 2018	Mar. 31, 2017		Sep. 30, 2017	Dec. 31, 2016	Dec. 31, 2017
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Restatement of income, net of tax				$ 156	$ 1,060
Net income	$ (2,379)	$ (2,126)	[1]
Professional fees	(304)	(79)	[1]
Customer service expenses	140	144	[1]
Deposit insurance and regulatory assessments	111	107	[1]
Other assets	7,260					$ 8,145
Total assets	947,676					903,795
Other liabilities	4,679					4,958
Total liabilities	841,195					798,101
Retained earnings	(17,363)					(16,459)
Total shareholders' equity	$ 106,481					$ 105,694
Restatement Adjustments
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net income		8
Professional fees		(80)
Customer service expenses		44
Deposit insurance and regulatory assessments		26
Other assets		733
Total assets		733
Other liabilities		741
Total liabilities		741
Retained earnings		8
Total shareholders' equity		$ 8
[1]	Certain amounts have been restated to reflect adjustments related to the correction of an error (see Note 2 to the Consolidated Financial Statements for additional information).

Business Combination (Details)

Business Combination (Details) $ / shares in Units, $ in Thousands	Apr. 30, 2018USD ($)$ / shares	Mar. 31, 2018USD ($)branchesbranch	Feb. 23, 2018	Dec. 31, 2017USD ($)
Business Acquisition [Line Items]
Total assets		$ 947,676		$ 903,795
Total deposits of acquiree		$ 758,801		$ 772,679
Number of full-service branches | branch		5
Pacific Commerce Bancorp
Business Acquisition [Line Items]
Exchange ratio (in shares)			0.46531
Number of full-service branches | branches		6
Pro Forma
Business Acquisition [Line Items]
Total assets		$ 1,600,000
Pacific Commerce Bancorp
Business Acquisition [Line Items]
Total assets		566,000
Gross loans of acquiree		422,300
Total deposits of acquiree		492,600
Interest checking deposits		$ 5,000
Subsequent Event | Pacific Commerce Bancorp
Business Acquisition [Line Items]
Valuation of merger	$ 119,000
Valuation of merger (in usd per share) | $ / shares	$ 12.38
Weighted average price (in usd per share) | $ / shares	$ 26.60

Investment Securities - Carryin

Investment Securities - Carrying Amount of Held-to-Maturity and Available-for-Sale Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Available-for-sale Securities [Abstract]
AFS debt securities, amortized cost basis	$ 32,139
Gross Unrealized Gains	27
Gross Unrealized Losses	(1,121)
Securities available-for-sale	31,045
AFS securities, amortized cost basis		$ 35,706
Gross Unrealized Gains		44
Gross Unrealized Losses		(748)
Securities available-for-sale, at fair value		35,002
Held-to-maturity Securities [Abstract]
Held-to-maturity, amortized cost basis	5,292	5,300
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(173)	(71)
Securities held-to-maturity	5,119	5,229
Mortgage-backed securities
Available-for-sale Securities [Abstract]
AFS debt securities, amortized cost basis	8,348
Gross Unrealized Gains	0
Gross Unrealized Losses	(358)
Securities available-for-sale	7,990
AFS securities, amortized cost basis		8,698
Gross Unrealized Gains		4
Gross Unrealized Losses		(206)
Securities available-for-sale, at fair value		8,496
Held-to-maturity Securities [Abstract]
Held-to-maturity, amortized cost basis	2,016	2,027
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(95)	(53)
Securities held-to-maturity	1,921	1,974
Collateralized mortgage obligations
Available-for-sale Securities [Abstract]
AFS debt securities, amortized cost basis	13,365
Gross Unrealized Gains	27
Gross Unrealized Losses	(387)
Securities available-for-sale	13,005
AFS securities, amortized cost basis		13,872
Gross Unrealized Gains		40
Gross Unrealized Losses		(253)
Securities available-for-sale, at fair value		13,659
SBA Pools
Available-for-sale Securities [Abstract]
AFS debt securities, amortized cost basis	10,426
Gross Unrealized Gains	0
Gross Unrealized Losses	(376)
Securities available-for-sale	10,050
AFS securities, amortized cost basis		10,559
Gross Unrealized Gains		0
Gross Unrealized Losses		(254)
Securities available-for-sale, at fair value		10,305
Mutual fund investment
Available-for-sale Securities [Abstract]
AFS securities, amortized cost basis		2,577
Gross Unrealized Gains		0
Gross Unrealized Losses		(35)
Securities available-for-sale, at fair value		2,542
U.S. Government and agency securities
Held-to-maturity Securities [Abstract]
Held-to-maturity, amortized cost basis	3,276	3,273
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(78)	(18)
Securities held-to-maturity	$ 3,198	$ 3,255

Investment Securities - Investm

Investment Securities - Investments by Maturity Dates (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Held-to-Maturity Amortized Cost
Due in one year or less	$ 0
Due after one year through five years	0
Due after five years through ten years	3,276
Due after ten years	2,016
Held-to-maturity, amortized cost basis	5,292	$ 5,300
Held-to-Maturity Fair Value
Due in one year or less	0
Due after one year through five years	0
Due after five years through ten years	3,198
Due after ten years	1,921
Securities held-to-maturity	5,119	$ 5,229
Available-for-Sale Amortized Cost
Due in one year or less	0
Due after one year through five years	0
Due after five years through ten years	0
Due after ten years	32,139
AFS debt securities, amortized cost basis	32,139
Available-for-Sale Fair Value
Due in one year or less	0
Due after one year through five years	0
Due after five years through ten years	0
Due after ten years	31,045
Securities available-for-sale	31,045
SBA Pools
Available-for-Sale Amortized Cost
AFS debt securities, amortized cost basis	10,426
Available-for-Sale Fair Value
Securities available-for-sale	$ 10,050

Investment Securities (Details)

Investment Securities (Details) $ in Thousands		3 Months Ended
		Mar. 31, 2018USD ($)bank	Mar. 31, 2017USD ($)	Jan. 01, 2018USD ($)
Concentration Risk [Line Items]
Number of other banks that the Company invests in | bank		2
Held-to-maturity securities, pledged to Federal Reserve Bank		$ 5,300
Percentage decrease in estimated fair value		3.60%
Equity securities, at fair value		$ 2,508
Other than temporary impairment loss, debt securities, portion recognized in earnings		$ (66)	$ 0
Credit Concentration Risk | Investments
Concentration Risk [Line Items]
Investment security held, percentage of stockholders equity		15.20%
Accounting Standards Update 2016-01 | AOCI Attributable to Parent
Concentration Risk [Line Items]
Cumulative adjustment – adoption of ASU No. 2016-01	[1]	$ 24		$ 24
Accounting Standards Update 2016-01 | Retained Earnings
Concentration Risk [Line Items]
Cumulative adjustment – adoption of ASU No. 2016-01	[1]	(24)		24
Mutual Funds
Concentration Risk [Line Items]
Equity securities, at fair value		2,500
Other than temporary impairment loss, debt securities, portion recognized in earnings		$ 51
Mutual Funds | Accounting Standards Update 2016-01 | AOCI Attributable to Parent
Concentration Risk [Line Items]
Cumulative adjustment – adoption of ASU No. 2016-01	[1]			$ 24
[1]	Impact due to adoption on January 1, 2018 of ASU 2016-01, "Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities"

Investment Securities - Unreali

Investment Securities - Unrealized Loss Position of AFS and HTM Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss [Abstract]
AFS, Debt Securities, Gross Unrealized Loss Position, Less than 12 Months	$ (216)
AFS, Debt Securities, Less than 12 Months, Fair Value	8,586
AFS, Debt Securities, Gross Unrealized Loss Position, 12 Months or Longer	(905)
AFS, Debt Securities, 12 Months or Longer, Fair Value	21,081
AFS, Debt Securities, Total Gross Unrealized Loss Position	(1,121)
AFS, Total Fair Value	29,667
AFS, Gross Unrealized Loss Position, Less than 12 Months		$ (95)
AFS, Less than 12 Months, Fair Value		8,246
AFS, Gross Unrealized Loss Position, 12 Months or Longer		(653)
AFS, 12 Months or Longer, Fair Value		24,574
AFS, Total Gross Unrealized Loss Position		(748)
AFS, Total Fair Value		32,820
Held-to-maturity Securities, Continuous Unrealized Loss Position, Accumulated Loss [Abstract]
HTM, Gross Unrealized Loss Position, Less than 12 Months	(23)	(6)
HTM, Less than 12 Months, Fair Value	926	949
HTM, Gross Unrealized Loss Position, 12 Months or Longer	(150)	(65)
HTM, 12 Months or Longer, Fair Value	4,193	4,280
HTM, Total Gross Unrealized Losses	(173)	(71)
HTM, Total Fair Value	5,119	5,229
Mortgage-backed securities
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss [Abstract]
AFS, Debt Securities, Gross Unrealized Loss Position, Less than 12 Months	(4)
AFS, Debt Securities, Less than 12 Months, Fair Value	737
AFS, Debt Securities, Gross Unrealized Loss Position, 12 Months or Longer	(354)
AFS, Debt Securities, 12 Months or Longer, Fair Value	7,199
AFS, Debt Securities, Total Gross Unrealized Loss Position	(358)
AFS, Total Fair Value	7,936
AFS, Gross Unrealized Loss Position, Less than 12 Months		(1)
AFS, Less than 12 Months, Fair Value		59
AFS, Gross Unrealized Loss Position, 12 Months or Longer		(205)
AFS, 12 Months or Longer, Fair Value		7,639
AFS, Total Gross Unrealized Loss Position		(206)
AFS, Total Fair Value		7,698
Held-to-maturity Securities, Continuous Unrealized Loss Position, Accumulated Loss [Abstract]
HTM, Gross Unrealized Loss Position, Less than 12 Months	(23)	(6)
HTM, Less than 12 Months, Fair Value	926	949
HTM, Gross Unrealized Loss Position, 12 Months or Longer	(72)	(47)
HTM, 12 Months or Longer, Fair Value	995	1,025
HTM, Total Gross Unrealized Losses	(95)	(53)
HTM, Total Fair Value	1,921	1,974
Collateralized mortgage obligations
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss [Abstract]
AFS, Debt Securities, Gross Unrealized Loss Position, Less than 12 Months	(125)
AFS, Debt Securities, Less than 12 Months, Fair Value	4,114
AFS, Debt Securities, Gross Unrealized Loss Position, 12 Months or Longer	(262)
AFS, Debt Securities, 12 Months or Longer, Fair Value	7,567
AFS, Debt Securities, Total Gross Unrealized Loss Position	(387)
AFS, Total Fair Value	11,681
AFS, Gross Unrealized Loss Position, Less than 12 Months		(74)
AFS, Less than 12 Months, Fair Value		4,329
AFS, Gross Unrealized Loss Position, 12 Months or Longer		(179)
AFS, 12 Months or Longer, Fair Value		7,946
AFS, Total Gross Unrealized Loss Position		(253)
AFS, Total Fair Value		12,275
SBA Pools
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss [Abstract]
AFS, Debt Securities, Gross Unrealized Loss Position, Less than 12 Months	(87)
AFS, Debt Securities, Less than 12 Months, Fair Value	3,735
AFS, Debt Securities, Gross Unrealized Loss Position, 12 Months or Longer	(289)
AFS, Debt Securities, 12 Months or Longer, Fair Value	6,315
AFS, Debt Securities, Total Gross Unrealized Loss Position	(376)
AFS, Total Fair Value	10,050
AFS, Gross Unrealized Loss Position, Less than 12 Months		(20)
AFS, Less than 12 Months, Fair Value		3,858
AFS, Gross Unrealized Loss Position, 12 Months or Longer		(234)
AFS, 12 Months or Longer, Fair Value		6,447
AFS, Total Gross Unrealized Loss Position		(254)
AFS, Total Fair Value		10,305
U.S. Government and agency securities
Held-to-maturity Securities, Continuous Unrealized Loss Position, Accumulated Loss [Abstract]
HTM, Gross Unrealized Loss Position, Less than 12 Months	0	0
HTM, Less than 12 Months, Fair Value	0	0
HTM, Gross Unrealized Loss Position, 12 Months or Longer	(78)	(18)
HTM, 12 Months or Longer, Fair Value	3,198	3,255
HTM, Total Gross Unrealized Losses	(78)	(18)
HTM, Total Fair Value	$ 3,198	3,255
Mutual fund investment
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss [Abstract]
AFS, Gross Unrealized Loss Position, Less than 12 Months		0
AFS, Less than 12 Months, Fair Value		0
AFS, Gross Unrealized Loss Position, 12 Months or Longer		(35)
AFS, 12 Months or Longer, Fair Value		2,542
AFS, Total Gross Unrealized Loss Position		(35)
AFS, Total Fair Value		$ 2,542

Investment Securities - FHLB St

Investment Securities - FHLB Stock and Other Bank Stocks (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Federal Home Loan Bank, Advances [Line Items]
Federal Home Loan Bank, at cost	$ 3,640		$ 3,640
Change in fair value of equity securities	$ 66	$ 0
Minimum
Federal Home Loan Bank, Advances [Line Items]
FHLB required stock ownership percentage of membership asset value	1.00%		1.00%
FHLB required stock ownership percentage of outstanding advances	2.70%		2.70%
Other Bank Stock
Federal Home Loan Bank, Advances [Line Items]
Equity securities, restricted	$ 278		$ 293
Change in fair value of equity securities	$ 15

Loans (Details)

Loans (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)loan	Mar. 31, 2017loan	Dec. 31, 2017USD ($)
Receivables [Abstract]
State public deposits	$ 40,000
Recorded investment in loans identified as troubled debt restructuring	1,061		$ 1,834
Related allowance	$ 0		504
Loans modified as troubled debt restructuring | loan	0	0
Number of loans modified as troubled debt restructuring, subsequent default | loan	1	0
Loans modified as troubled debt restructuring, subsequent default	$ 390
Loans held for sale, at lower of cost or fair value	11,525		10,599
Loans held for sale	$ 12,200		$ 11,500

Loans - Composition of Loan Por

Loans - Composition of Loan Portfolio (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017	Dec. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	$ 793,582	$ 745,887
Net deferred fees	(469)	(400)
Net discounts	(3,683)	(3,774)
Allowance for loan losses	(10,010)	(10,497)	$ (11,523)	$ (11,599)
Loans receivable, net	779,420	731,216
Loans secured by cash surrender value of life insurance policies	$ 35,000	$ 32,800
Ratio of loans to cash surrender value	94.00%	88.10%
Construction and Land Development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	$ 113,481	$ 115,427
Allowance for loan losses	(1,207)	(1,597)	(1,620)	(1,827)
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	200,339	169,184
Allowance for loan losses	(3,689)	(3,232)	(3,654)	(3,541)
SBA Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	91,887	92,509
Allowance for loan losses	(1,264)	(1,494)	(1,989)	(2,086)
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	848	828
Allowance for loan losses	(10)	(8)	(102)	(102)
Residential | Real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	57,234	62,719
Allowance for loan losses	(454)	(375)	(763)	(924)
Commercial real estate - owner occupied | Real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	63,832	53,106
Allowance for loan losses	(637)	(655)	(562)	(618)
Commercial real estate - non-owner occupied | Real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	265,961	252,114
Allowance for loan losses	$ (2,749)	$ (3,136)	$ (2,833)	$ (2,501)

Loans - Allowance for Loan Loss

Loans - Allowance for Loan Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of period	$ 10,497	$ 11,599
Provision for loan losses	200	0	[1]
Charge-offs	(754)	(76)
Recoveries	67	0
Net charge-offs	(687)	(76)
Balance, end of period	$ 10,010	$ 11,523
[1]	Certain amounts have been restated to reflect adjustments related to the correction of an error (see Note 2 to the Consolidated Financial Statements for additional information).

Loans - Allowance for Loan Lo47

Loans - Allowance for Loan Losses by Portfolio Segment (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017		Mar. 31, 2018	Dec. 31, 2017
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of period	$ 10,497	$ 11,599
Provision for (reversal of) loan losses	200	0	[1]
Charge-offs	(754)	(76)
Recoveries	67	0
Net charge-offs	(687)	(76)
Balance, end of period	10,010	11,523
Reserves:
Specific				$ 0
General				10,010
Total loan reserve	10,497	11,599		10,010	$ 10,497
Loans evaluated for impairment:
Individually				1,061
Collectively				792,521
Total loans evaluated for impairment				793,582	745,887
Construction and Land Development
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of period	1,597	1,827
Provision for (reversal of) loan losses	(390)	(207)
Charge-offs	0	0
Recoveries	0	0
Net charge-offs	0	0
Balance, end of period	1,207	1,620
Reserves:
Specific				0
General				1,207
Total loan reserve	1,597	1,827		1,207	1,597
Loans evaluated for impairment:
Individually				0
Collectively				113,481
Total loans evaluated for impairment				113,481	115,427
Commercial and Industrial
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of period	3,232	3,541
Provision for (reversal of) loan losses	904	113
Charge-offs	(514)	0
Recoveries	67	0
Net charge-offs	(447)	0
Balance, end of period	3,689	3,654
Reserves:
Specific				0
General				3,689
Total loan reserve	3,232	3,541		3,689	3,232
Loans evaluated for impairment:
Individually				111
Collectively				200,228
Total loans evaluated for impairment				200,339	169,184
SBA Loans
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of period	1,494	2,086
Provision for (reversal of) loan losses	10	(21)
Charge-offs	(240)	(76)
Recoveries	0	0
Net charge-offs	(240)	(76)
Balance, end of period	1,264	1,989
Reserves:
Specific				0
General				1,264
Total loan reserve	1,494	2,086		1,264	1,494
Loans evaluated for impairment:
Individually				950
Collectively				90,937
Total loans evaluated for impairment				91,887	92,509
Consumer
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of period	8	102
Provision for (reversal of) loan losses	2	0
Charge-offs	0	0
Recoveries	0	0
Net charge-offs	0	0
Balance, end of period	10	102
Reserves:
Specific				0
General				10
Total loan reserve	8	102		10	8
Loans evaluated for impairment:
Individually				0
Collectively				848
Total loans evaluated for impairment				848	828
Residential | Real estate
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of period	375	924
Provision for (reversal of) loan losses	79	(161)
Charge-offs	0	0
Recoveries	0	0
Net charge-offs	0	0
Balance, end of period	454	763
Reserves:
Specific				0
General				454
Total loan reserve	375	924		454	375
Loans evaluated for impairment:
Individually				0
Collectively				57,234
Total loans evaluated for impairment				57,234	62,719
Commercial real estate - owner occupied | Real estate
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of period	655	618
Provision for (reversal of) loan losses	(18)	(56)
Charge-offs	0	0
Recoveries	0	0
Net charge-offs	0	0
Balance, end of period	637	562
Reserves:
Specific				0
General				637
Total loan reserve	655	618		637	655
Loans evaluated for impairment:
Individually				0
Collectively				63,832
Total loans evaluated for impairment				63,832	53,106
Commercial real estate - non-owner occupied | Real estate
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of period	3,136	2,501
Provision for (reversal of) loan losses	(387)	332
Charge-offs	0	0
Recoveries	0	0
Net charge-offs	0	0
Balance, end of period	2,749	2,833
Reserves:
Specific				0
General				2,749
Total loan reserve	$ 3,136	$ 2,501		2,749	3,136
Loans evaluated for impairment:
Individually				0
Collectively				265,961
Total loans evaluated for impairment				$ 265,961	$ 252,114
[1]	Certain amounts have been restated to reflect adjustments related to the correction of an error (see Note 2 to the Consolidated Financial Statements for additional information).

Loans - Risk Category of Loans

Loans - Risk Category of Loans by Class (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Financing Receivable, Recorded Investment [Line Items]
Gross loans	$ 793,582	$ 745,887
Pass
Financing Receivable, Recorded Investment [Line Items]
Gross loans	781,301	732,526
Special Mention
Financing Receivable, Recorded Investment [Line Items]
Gross loans	10,706	11,001
Substandard
Financing Receivable, Recorded Investment [Line Items]
Gross loans	1,575	2,360
Impaired
Financing Receivable, Recorded Investment [Line Items]
Gross loans	1,100	1,800
Construction and Land Development
Financing Receivable, Recorded Investment [Line Items]
Gross loans	113,481	115,427
Construction and Land Development | Pass
Financing Receivable, Recorded Investment [Line Items]
Gross loans	113,481	115,427
Construction and Land Development | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Gross loans	0	0
Construction and Land Development | Substandard
Financing Receivable, Recorded Investment [Line Items]
Gross loans	0	0
Commercial and Industrial
Financing Receivable, Recorded Investment [Line Items]
Gross loans	200,339	169,184
Commercial and Industrial | Pass
Financing Receivable, Recorded Investment [Line Items]
Gross loans	194,283	161,679
Commercial and Industrial | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Gross loans	5,945	6,871
Commercial and Industrial | Substandard
Financing Receivable, Recorded Investment [Line Items]
Gross loans	111	634
SBA Loans
Financing Receivable, Recorded Investment [Line Items]
Gross loans	91,887	92,509
SBA Loans | Pass
Financing Receivable, Recorded Investment [Line Items]
Gross loans	85,662	86,653
SBA Loans | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Gross loans	4,761	4,130
SBA Loans | Substandard
Financing Receivable, Recorded Investment [Line Items]
Gross loans	1,464	1,726
Consumer
Financing Receivable, Recorded Investment [Line Items]
Gross loans	848	828
Consumer | Pass
Financing Receivable, Recorded Investment [Line Items]
Gross loans	848	828
Consumer | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Gross loans	0	0
Consumer | Substandard
Financing Receivable, Recorded Investment [Line Items]
Gross loans	0	0
Residential | Real estate
Financing Receivable, Recorded Investment [Line Items]
Gross loans	57,234	62,719
Residential | Real estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Gross loans	57,234	62,719
Residential | Real estate | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Gross loans	0	0
Residential | Real estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Gross loans	0	0
Commercial real estate - owner occupied | Real estate
Financing Receivable, Recorded Investment [Line Items]
Gross loans	63,832	53,106
Commercial real estate - owner occupied | Real estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Gross loans	63,832	53,106
Commercial real estate - owner occupied | Real estate | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Gross loans	0	0
Commercial real estate - owner occupied | Real estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Gross loans	0	0
Commercial real estate - non-owner occupied | Real estate
Financing Receivable, Recorded Investment [Line Items]
Gross loans	265,961	252,114
Commercial real estate - non-owner occupied | Real estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Gross loans	265,961	252,114
Commercial real estate - non-owner occupied | Real estate | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Gross loans	0	0
Commercial real estate - non-owner occupied | Real estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Gross loans	$ 0	$ 0

Loans - Past Due and Nonaccrual

Loans - Past Due and Nonaccrual Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due
Nonaccrual	1,061	1,834
30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	566	1,079
60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	0	0
Over 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	0	0
Construction and Land Development
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual	0	0
Construction and Land Development | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	0	0
Construction and Land Development | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	0	0
Construction and Land Development | Over 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	0	0
Commercial and Industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual	111	634
Commercial and Industrial | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	0	0
Commercial and Industrial | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	0	0
Commercial and Industrial | Over 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	0	0
SBA Loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual	950	1,200
SBA Loans | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	427	0
SBA Loans | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	0	0
SBA Loans | Over 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	0	0
Consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual	0	0
Consumer | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	0	0
Consumer | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	0	0
Consumer | Over 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	0	0
Residential | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual	0	0
Residential | Real estate | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	139	1,079
Residential | Real estate | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	0	0
Residential | Real estate | Over 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	0	0
Commercial real estate - owner occupied | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual	0	0
Commercial real estate - owner occupied | Real estate | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	0	0
Commercial real estate - owner occupied | Real estate | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	0	0
Commercial real estate - owner occupied | Real estate | Over 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	0	0
Commercial real estate - non-owner occupied | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual	0	0
Commercial real estate - non-owner occupied | Real estate | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	0	0
Commercial real estate - non-owner occupied | Real estate | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	0	0
Commercial real estate - non-owner occupied | Real estate | Over 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	$ 0	$ 0

Loans - Individually Impaired L

Loans - Individually Impaired Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Financing Receivable, Impaired [Line Items]
Unpaid principal balance	$ 1,455	$ 1,906
Recorded investment	1,061	1,834
Impaired loans, without specific reserve	1,061	848
Impaired loans, with specific reserve	0	986
Related allowance	0	504
Construction and Land Development
Financing Receivable, Impaired [Line Items]
Unpaid principal balance	0	0
Recorded investment	0	0
Impaired loans, without specific reserve	0	0
Impaired loans, with specific reserve	0	0
Related allowance	0	0
Commercial and Industrial
Financing Receivable, Impaired [Line Items]
Unpaid principal balance	194	640
Recorded investment	111	634
Impaired loans, without specific reserve	111	9
Impaired loans, with specific reserve	0	625
Related allowance	0	299
SBA Loans
Financing Receivable, Impaired [Line Items]
Unpaid principal balance	1,261	1,266
Recorded investment	950	1,200
Impaired loans, without specific reserve	950	839
Impaired loans, with specific reserve	0	361
Related allowance	0	205
Consumer
Financing Receivable, Impaired [Line Items]
Unpaid principal balance	0	0
Recorded investment	0	0
Impaired loans, without specific reserve	0	0
Impaired loans, with specific reserve	0	0
Related allowance	0	0
Other
Financing Receivable, Impaired [Line Items]
Unpaid principal balance	0	0
Recorded investment	0	0
Impaired loans, without specific reserve	0	0
Impaired loans, with specific reserve	0	0
Related allowance	0	0
Residential | Real estate
Financing Receivable, Impaired [Line Items]
Unpaid principal balance	0	0
Recorded investment	0	0
Impaired loans, without specific reserve	0	0
Impaired loans, with specific reserve	0	0
Related allowance	0	0
Commercial real estate - owner occupied | Real estate
Financing Receivable, Impaired [Line Items]
Unpaid principal balance	0	0
Recorded investment	0	0
Impaired loans, without specific reserve	0	0
Impaired loans, with specific reserve	0	0
Related allowance	0	0
Commercial real estate - non-owner occupied | Real estate
Financing Receivable, Impaired [Line Items]
Unpaid principal balance	0	0
Recorded investment	0	0
Impaired loans, without specific reserve	0	0
Impaired loans, with specific reserve	0	0
Related allowance	$ 0	$ 0

Loans - Average Recorded Invest

Loans - Average Recorded Investment (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, Average Recorded Investment	$ 1,437	$ 3,248
Impaired Financing Receivable, Interest Income, Accrual Method	0	0
Construction and Land Development
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, Average Recorded Investment	0	0
Impaired Financing Receivable, Interest Income, Accrual Method	0	0
Real estate | Residential
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, Average Recorded Investment	0	0
Impaired Financing Receivable, Interest Income, Accrual Method	0	0
Real estate | Commercial real estate - owner occupied
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, Average Recorded Investment	0	0
Impaired Financing Receivable, Interest Income, Accrual Method	0	0
Real estate | Commercial real estate - non-owner occupied
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, Average Recorded Investment	0	0
Impaired Financing Receivable, Interest Income, Accrual Method	0	0
Commercial and Industrial
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, Average Recorded Investment	174	1,460
Impaired Financing Receivable, Interest Income, Accrual Method	0	0
SBA Loans
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, Average Recorded Investment	1,263	1,788
Impaired Financing Receivable, Interest Income, Accrual Method	0	0
Consumer
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, Average Recorded Investment	0	0
Impaired Financing Receivable, Interest Income, Accrual Method	0	0
Other
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, Average Recorded Investment	0	0
Impaired Financing Receivable, Interest Income, Accrual Method	$ 0	$ 0

Transfers and Servicing of Fi52

Transfers and Servicing of Financial Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017		Dec. 31, 2017	Dec. 31, 2016
Contractually Specified Servicing Fees, Late Fees, and Ancillary Fees Earned in Exchange for Servicing Financial Assets [Line Items]
Capitalized servicing rights	$ 2,508	$ 2,457		$ 2,618	$ 2,262
Other loans serviced to other institutions	76,400			81,600
Net servicing fees	153	171	[1]
SBA Loans
Contractually Specified Servicing Fees, Late Fees, and Ancillary Fees Earned in Exchange for Servicing Financial Assets [Line Items]
SBA loans sold	2,700	13,300
Total gain on sale of SBA loans	247	1,200
SBA loans serviced for others	$ 137,300			140,400
Change in assumption, prepayment speed	10.60%
Servicing asset	$ 2,800			$ 3,000
Net servicing fees	153	171
Contractually specified servicing fees	$ 318	$ 269
Minimum
Contractually Specified Servicing Fees, Late Fees, and Ancillary Fees Earned in Exchange for Servicing Financial Assets [Line Items]
Servicing fees, percentage	0.25%
Change in assumption, discount rate	1.00%
Change in assumption, prepayment speed	10.00%
Minimum | SBA Loans
Contractually Specified Servicing Fees, Late Fees, and Ancillary Fees Earned in Exchange for Servicing Financial Assets [Line Items]
Change in assumption, discount rate	10.80%
Maximum
Contractually Specified Servicing Fees, Late Fees, and Ancillary Fees Earned in Exchange for Servicing Financial Assets [Line Items]
Servicing fees, percentage	1.00%
Change in assumption, discount rate	2.00%
Change in assumption, prepayment speed	20.00%
Maximum | SBA Loans
Contractually Specified Servicing Fees, Late Fees, and Ancillary Fees Earned in Exchange for Servicing Financial Assets [Line Items]
Change in assumption, discount rate	24.20%
[1]	Certain amounts have been restated to reflect adjustments related to the correction of an error (see Note 2 to the Consolidated Financial Statements for additional information).

Transfers and Servicing of Fi53

Transfers and Servicing of Financial Assets - SBA Servicing Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance, beginning of period	$ 2,618	$ 2,262
Additions	55	293
Amortization	(165)	(98)
Impairment	0	0
Balance, end of period	$ 2,508	$ 2,457

Transfers and Servicing of Fi54

Transfers and Servicing of Financial Assets - Prepayment Speeds and Assumptions (Details) $ in Thousands	Mar. 31, 2018USD ($)
Transfers and Servicing [Abstract]
Change in estimated fair value, prepayment speeds, 10%	$ (105)
Change in estimated fair value, prepayment speeds, 20%	(204)
Change in estimated fair value, discount rate, 1%	(93)
Change in estimated fair value, discount rate, 2%	$ (179)

Deposits (Details)

Deposits (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Time Deposits [Line Items]
Depositor relationships, percentage of total deposits	19.60%
Time Deposits, equaling or exceeding FDIC insurance limit	$ 106.7	$ 81.9
State public deposits	40
Letter of Credit | Federal Home Loan Bank of San Francisco
Time Deposits [Line Items]
Letters of credit issued by FHLB	$ 44

Borrowing Arrangements (Details

Borrowing Arrangements (Details)	Dec. 22, 2017USD ($)	Mar. 31, 2018USD ($)bank	Mar. 31, 2017	Feb. 27, 2018USD ($)	Dec. 31, 2017USD ($)
Debt Instrument [Line Items]
Federal Home Loan Bank borrowings		$ 57,000,000			$ 20,000,000
Primary correspondent bank | bank		3
Overnight borrowings		$ 18,000,000			0
Lookback fee percentage, portion not requested and drawn on the anniversary date		0.25%
Lookback fee percentage, portion not requested and drawn between the anniversary date and maturity date		0.25%
Senior secured notes		$ 2,550,000			350,000
Federal Reserve Bank
Debt Instrument [Line Items]
Long-term line of credit		0			$ 0
Maximum borrowing capacity		4,900,000
Collateral amount		$ 5,300,000
Secured Debt
Debt Instrument [Line Items]
Weighted average interest rate		4.77%
Maximum borrowing capacity	$ 10,000,000			$ 25,000,000
Effective percentage		5.00%			4.75%
Senior secured notes		$ 2,600,000			$ 350,000
Unsecured Debt
Debt Instrument [Line Items]
Total borrowing capacity, Federal Home Loan Bank borrowing		42,000,000
Overnight borrowings		$ 18,000,000			0
Weighted average interest rate		2.37%	0.00%
Federal Home Loan Bank Advances
Debt Instrument [Line Items]
Total borrowing capacity, Federal Home Loan Bank borrowing		$ 225,900,000
Loans pledged as collateral with the FHLB		680,300,000
Federal Home Loan Bank borrowings		$ 57,000,000			$ 20,000,000
Interest rate, Federal Home Loan Bank borrowings		1.87%			1.41%
Federal Home Loan Bank, Advances, Activity for Year, Average Interest Rate for Year		1.58%	0.80%
Line of credit facility, remaining borrowing capacity		$ 124,900,000
Affiliated Entity
Debt Instrument [Line Items]
Percentage of common stock, used as collateral		100.00%
Affiliated Entity | Secured Debt
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 10,000,000
Affiliated Entity | Secured Debt | Prime Rate
Debt Instrument [Line Items]
Variable rate	0.25%
Affiliated Entity | Minimum
Debt Instrument [Line Items]
Tier 1 capital to risk-weighted assets, ratio	11.00%
Tier 1 capital to risk-weighted assets, amount	$ 90,000,000
Capital to risk weighted assets	12.00%
CET1 capital to risk-weighted assets, ratio	11.00%
Return on average assets	0.85%
Tier 1 capital to average assets, ratio	9.00%
Affiliated Entity | Maximum
Debt Instrument [Line Items]
Tier One leverage capital to total assets	85.00%
Tier One leverage capital plus the allowance for loan losses	35.00%

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Income taxes	$ 859	$ 1,466
Effective income tax rate	26.50%	40.80%
Provisional tax expense, Tax Cuts and Jobs Act of 2017			$ 1,800

Commitments - Financial Commitm

Commitments - Financial Commitments (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial commitments	$ 235,927	$ 238,367
Commitments to extend credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial commitments	234,581	237,371
Standby letters of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial commitments	$ 1,346	$ 996

Commitments (Details)

Commitments (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Loss Contingencies [Line Items]
Allowance for unfunded commitments	$ 1,000	$ 952
Loans pledged as collateral with the FHLB	44,000
State public deposits	40,000
Letter of Credit | Federal Home Loan Bank of San Francisco
Loss Contingencies [Line Items]
Letters of credit issued by FHLB	$ 44,000

Related Party Transactions - Sc

Related Party Transactions - Schedule of Outstanding Loan Balances (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Loans and Leases Receivable, Related Parties [Roll Forward]
Balance, beginning of period	$ 1,768	$ 2,168
Payments	(13)	(13)
Balance, end of period	$ 1,755	$ 2,155

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	Mar. 31, 2018	Feb. 27, 2018	Dec. 31, 2017	Dec. 22, 2017
Related Party Transaction [Line Items]
Deposits from related party, held by the Company	$ 39,500,000		$ 35,100,000
Senior secured notes	2,550,000		350,000
Secured Debt
Related Party Transaction [Line Items]
Senior secured facility		$ 25,000,000		$ 10,000,000
Senior secured notes	2,600,000		$ 350,000
Secured Debt | Management
Related Party Transaction [Line Items]
Senior secured facility				$ 10,000,000
Senior secured notes	$ 2,600,000

Stock-Based Compensation Plan62

Stock-Based Compensation Plans (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 458	$ 324
Options, exercises in period, intrinsic value	$ 0	300
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration period	10 years
Unrecognized compensation cost	$ 8
Compensation cost not yet recognized, period for recognition	9 months
Employee Stock Option | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	3 years
Employee Stock Option | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	5 years
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 1,300
Compensation cost not yet recognized, period for recognition	1 year
Options, vested in period, intrinsic value	$ 1,600	$ 356
2013 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)	1,390,620
2013 Plan | Incentive Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)	1,390,620

Stock-Based Compensation Plan63

Stock-Based Compensation Plans - Summary of Outstanding Stock Options (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding, beginning of period (in shares)	65,978	98,858
Exercised (in shares)	0	(27,040)
Granted (in shares)	0	0
Forfeited (in shares)	0	0
Outstanding, end of period (in shares)	65,978	71,818
Option execisable (in shares)	56,243	52,246
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Outstanding, beginning of period (in dollars per share)	$ 10.17	$ 9.5
Exercised (in dollars per share)	0	7.86
Granted (in dollars per share)	0	0
Forfeited (in dollars per share)	0	0
Outstanding, end of period (in dollars per share)	10.17	10.12
Option execisable (in dollars per share)	$ 9.97	$ 9.72
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Outstanding, weighted average remaining contractual term	5 years 1 month	6 years 1 month
Exercisable, weighted average remaining contractual term	5 years 1 month	5 years 9 months
Outstanding, aggregate intrinsic value	$ 1,008	$ 738
Exercisable, aggregate intrinsic value	$ 871	$ 558

Stock-Based Compensation Plan64

Stock-Based Compensation Plans - Summary of Outstanding Restricted Shares (Details) - Restricted Stock - $ / shares	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Nonvested, beginning of period (in shares)	142,553	58,581
Grants (in shares)	5,439	56,372
Shares vested (in shares)	(62,789)	(18,822)
Shares forfeited (in shares)	(1,718)	(1,510)
Nonvested, end of period (in shares)	83,485	94,621
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Nonvested, beginning of period (in dollars per share)	$ 20.28	$ 14.10
Grants (in dollars per share)	25.48	18.46
Shares vested (in dollars per share)	22.41	14.43
Shares forfeited (in dollars per share)	20.57	15.11
Nonvested, end of period (in dollars per share)	$ 22.41	$ 16.62

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Numerator for basic earnings per share:
Net earnings	$ 2,379	$ 2,126	[1]
Less: dividends and earnings allocated to participating securities	(31)	(31)
Net income available to common shareholders	$ 2,348	$ 2,095
Denominator for basic earnings per share:
Basic weighted average common shares outstanding during the period (in shares)	7,160,938	7,081,366	[1]
Denominator for diluted earnings per share:
Basic weighted average common shares outstanding during the period (in shares)	7,160,938	7,081,366	[1]
Net effect of dilutive stock options and restricted stock (in shares)	39,119	33,122
Diluted weighted average common shares (in shares)	7,200,057	7,114,488	[1]
Net earnings per common share:
Basic (in usd per share)	$ 0.33	$ 0.30	[1]
Diluted (in usd per share)	$ 0.33	$ 0.30	[1]
[1]	Certain amounts have been restated to reflect adjustments related to the correction of an error (see Note 2 to the Consolidated Financial Statements for additional information).

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	$ 31,045
Equity securities	2,508
Securities available-for-sale, at fair value			$ 35,002
Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	7,990
Securities available-for-sale, at fair value			8,496
Collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	13,005
Securities available-for-sale, at fair value			13,659
SBA Pools
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	10,050
Securities available-for-sale, at fair value			10,305
Mutual fund investment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale, at fair value			2,542
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	31,045
Securities available-for-sale, at fair value			35,002
Fair Value, Measurements, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	0
Securities available-for-sale, at fair value			2,542
Fair Value, Measurements, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	31,045
Securities available-for-sale, at fair value			32,460
Fair Value, Measurements, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	0
Securities available-for-sale, at fair value			0
Fair Value, Measurements, Recurring | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	7,990
Securities available-for-sale, at fair value			8,496
Fair Value, Measurements, Recurring | Mortgage-backed securities | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	0
Securities available-for-sale, at fair value			0
Fair Value, Measurements, Recurring | Mortgage-backed securities | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	7,990
Securities available-for-sale, at fair value			8,496
Fair Value, Measurements, Recurring | Mortgage-backed securities | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	0
Securities available-for-sale, at fair value			0
Fair Value, Measurements, Recurring | Collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	13,005
Securities available-for-sale, at fair value			13,659
Fair Value, Measurements, Recurring | Collateralized mortgage obligations | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	0
Securities available-for-sale, at fair value			0
Fair Value, Measurements, Recurring | Collateralized mortgage obligations | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	13,005
Securities available-for-sale, at fair value			13,659
Fair Value, Measurements, Recurring | Collateralized mortgage obligations | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	0
Securities available-for-sale, at fair value			0
Fair Value, Measurements, Recurring | SBA Pools
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	10,050
Securities available-for-sale, at fair value			10,305
Fair Value, Measurements, Recurring | SBA Pools | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	0
Securities available-for-sale, at fair value			0
Fair Value, Measurements, Recurring | SBA Pools | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	10,050
Securities available-for-sale, at fair value			10,305
Fair Value, Measurements, Recurring | SBA Pools | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	0
Securities available-for-sale, at fair value			0
Fair Value, Measurements, Recurring | Mutual fund investment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities	2,508
Securities available-for-sale, at fair value			2,542
Fair Value, Measurements, Recurring | Mutual fund investment | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities	2,508
Securities available-for-sale, at fair value			2,542
Fair Value, Measurements, Recurring | Mutual fund investment | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities	0
Securities available-for-sale, at fair value			0
Fair Value, Measurements, Recurring | Mutual fund investment | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities	0
Securities available-for-sale, at fair value			$ 0
Impaired Loans | Fair Value, Measurements, Nonrecurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans subject to nonrecurring fair value measurement	200	$ 1,400
Total nonrecurring losses recognized for impaired loans	$ 200	$ 100

Fair Value of Financial Instr67

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Financial Assets at Fair Value
Securities available-for-sale	$ 31,045
Securities available-for-sale, at fair value		$ 35,002
Securities held-to-maturity	5,119	5,229
Equity securities	2,508
Loans held for sale	12,200	11,500
Federal Home Loan Bank, at cost	3,640	3,640
Reported Value Measurement
Financial Assets at Fair Value
Federal Home Loan Bank, at cost	3,640	3,640
Reported Value Measurement | Level 1
Financial Assets at Fair Value
Cash and cash equivalents	100,065	103,132
Equity securities	2,508
Reported Value Measurement | Level 2
Financial Assets at Fair Value
Securities available-for-sale	31,045
Securities available-for-sale, at fair value		35,002
Securities held-to-maturity	5,292	5,300
Loans held for sale	11,525	10,599
Accrued interest receivable	3,358	3,108
Financial Liabilities at Fair Value
Deposits	758,801	772,679
Federal Home Loan Bank borrowings	57,000	20,000
Federal funds purchased	18,000	0
Senior secured notes	2,550	350
Accrued interest payable	165	114
Reported Value Measurement | Level 3
Financial Assets at Fair Value
Loan receivable, net	779,420	731,216
Servicing asset	2,508	2,618
Estimate of Fair Value Measurement | Level 1
Financial Assets at Fair Value
Cash and cash equivalents	100,065	103,132
Equity securities	2,508
Estimate of Fair Value Measurement | Level 2
Financial Assets at Fair Value
Securities available-for-sale	31,045
Securities available-for-sale, at fair value		35,002
Securities held-to-maturity	5,119	5,229
Loans held for sale	12,231	11,488
Accrued interest receivable	3,358	3,108
Financial Liabilities at Fair Value
Deposits	756,746	770,999
Federal Home Loan Bank borrowings	57,000	20,000
Federal funds purchased	18,000	0
Senior secured notes	2,550	350
Accrued interest payable	165	114
Estimate of Fair Value Measurement | Level 3
Financial Assets at Fair Value
Loan receivable, net	787,026	743,114
Servicing asset	$ 2,830	$ 2,991

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Disaggregation of Revenue [Line Items]
Noninterest income, in-scope Topic 606	$ 224	$ 69
Noninterest income, not in-scope Topic 606:	339	1,402
Total noninterest income	563	1,471	[1]
Service charges and fees on deposit accounts
Disaggregation of Revenue [Line Items]
Noninterest income, in-scope Topic 606	215	66
Other income
Disaggregation of Revenue [Line Items]
Noninterest income, in-scope Topic 606	9	3
Noninterest income, not in-scope Topic 606:	5	41
Gain on sale of loans
Disaggregation of Revenue [Line Items]
Noninterest income, not in-scope Topic 606:	247	1,190
Net servicing fees
Disaggregation of Revenue [Line Items]
Noninterest income, not in-scope Topic 606:	153	171
Change in fair value of equity securities
Disaggregation of Revenue [Line Items]
Noninterest income, not in-scope Topic 606:	$ (66)	$ 0
[1]	Certain amounts have been restated to reflect adjustments related to the correction of an error (see Note 2 to the Consolidated Financial Statements for additional information).

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ / shares in Units, $ in Millions	May 29, 2018	Apr. 30, 2018	Mar. 31, 2018
Subsequent Event [Line Items]
Dividends declared (in usd per share)			$ 0.20
Subsequent Event
Subsequent Event [Line Items]
Dividends declared (in usd per share)		$ 0.20
Dividends payable (in usd per share)	$ 0.20
Cash dividends	$ 1.5