First Choice Bancorp 10-K 13 Mar 20 2019 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2019	Mar. 02, 2020	Jun. 30, 2019
Document and Entity Information [Abstract]
Entity Registrant Name	First Choice Bancorp
Entity Central Index Key	0001716697
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Document Type	10-K
Document Period End Date	Dec. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	true
Entity Shell Company	false
Amendment Flag	false
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Common Stock, Shares Outstanding		11,690,103
Entity Public Float			$ 228,150,534

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
ASSETS
Cash and due from banks	$ 27,359	$ 17,874
Interest-bearing deposits at other banks	134,442	176,502
Federal funds sold	0	3,000
Total cash and cash equivalents	161,801	197,376
Securities available-for-sale, at fair value	26,653	29,543
Securities held-to-maturity, at cost	5,056	5,322
Equity securities, at fair value	2,694	2,538
Restricted stock investments, at cost	12,986	12,855
Loans held for sale, at lower of cost or fair value	7,659	28,022
Loans held for investment	1,374,675	1,250,981
Allowance for loan losses	(13,522)	(11,056)
Loans held for investment, net	1,361,153	1,239,925
Accrued interest receivable	5,451	5,069
Premises and equipment	1,542	1,973
Servicing asset	3,202	3,186
Deferred taxes, net	6,163	8,666
Goodwill	73,425	73,425
Core deposit intangible	5,728	6,576
Other assets	16,811	8,025
TOTAL ASSETS	1,690,324	1,622,501
Deposits:
Noninterest-bearing demand	626,569	546,713
Money market, interest checking and savings	514,366	465,123
Time deposits	172,758	240,503
Total deposits	1,313,693	1,252,339
Borrowings	90,000	104,998
Senior secured notes	9,600	8,450
Accrued interest payable and other liabilities	15,226	8,645
Total liabilities	1,428,519	1,374,432
Commitments and contingencies - Note 12
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: 11,635,531 at December 31, 2019 and 11,726,074 at December 31, 2018	216,398	217,514
Additional paid-in capital	3,493	7,269
Retained earnings	41,920	23,985
Accumulated other comprehensive loss - net	(6)	(699)
Total shareholders’ equity	261,805	248,069
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 1,690,324	$ 1,622,501

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - shares	Dec. 31, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Preferred stock, shares authorized	100,000,000	100,000,000
Preferred stock, shares outstanding	0	0
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	11,635,531	11,726,074
Common stock, shares outstanding	11,635,531	11,726,074

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
INTEREST AND DIVIDEND INCOME
Interest and fees on loans	$ 86,207	$ 61,075
Interest on investment securities	853	922
Interest on deposits in other financial institutions	2,405	1,872
Dividends on restricted stock investments	889	508
Total interest and dividend income	90,354	64,377
INTEREST EXPENSE
Interest on savings, interest checking and money market accounts	4,998	4,364
Interest on time deposits	5,273	3,686
Interest on senior secured notes	1,143	412
Interest on senior secured notes	678	248
Total interest expense	12,092	8,710
Net interest income	78,262	55,667
Provision for loan losses	2,800	1,520
Net interest income after provision for loan losses	75,462	54,147
NONINTEREST INCOME
Gain on sale of loans	3,674	1,505
Service charges and fees on deposit accounts	2,123	1,355
Net servicing fees	850	509
Other income	1,234	355
Total noninterest income	7,700	3,610
NONINTEREST EXPENSE
Salaries and employee benefits	25,691	18,077
Occupancy and equipment	5,406	3,049
Data processing	2,864	2,293
Professional fees	1,633	1,598
Office, postage and telecommunications	1,032	938
Deposit insurance and regulatory assessments	392	460
Loan related	694	483
Customer service related	1,755	865
Merger, integration and public company registration costs	0	5,385
Amortization of core deposit intangible	848	332
Other expenses	2,925	2,712
Total noninterest expense	43,240	36,192
Income (loss) before income taxes and equity in undistributed earnings of Bank subsidiary	39,922	21,565
Income taxes	12,074	6,435
Net income	$ 27,848	$ 15,130
Net income per share:
Basic (in usd per share)	$ 2.38	$ 1.66
Diluted (in usd per share)	$ 2.36	$ 1.64
Weighted-average common shares outstanding:
Basic (in shares)	11,586,651	9,015,203
Diluted (in shares)	11,687,089	9,143,242
Service charges and fees on deposit accounts
NONINTEREST INCOME
Service charges and fees on deposit accounts	$ 1,942	$ 1,241

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Statement of Comprehensive Income [Abstract]
Net income	$ 27,848	$ 15,130
Unrealized gain (loss) on investment securities:
Change in net unrealized gain (loss) on available-for-sale securities	985	(258)
Related income taxes:
Income tax (expense) benefit related to net unrealized holding gains (losses)	(292)	77
Total other comprehensive income (loss)	693	(181)
Total comprehensive net income	$ 28,541	$ 14,949

Consolidated Statement of Share

Consolidated Statement of Shareholders' Equity - USD ($) $ in Thousands	Total	Preferred Stock	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)
Beginning balance (in shares) at Dec. 31, 2017		0	7,260,119
Beginning balance at Dec. 31, 2017	$ 105,694	$ 0	$ 87,837	$ 1,940	$ 16,459	$ (542)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	15,130				15,130
Cash dividends ($0.80 per share)	(7,584)				(7,584)
Stock and fair value of replacement awards issued in connection with business combination (in shares)			4,386,816
Stock and fair value of replacement awards issued in connection with business combination	133,273		$ 125,902	7,371
Stock-based compensation	$ 1,709			1,705	4
Exercise of stock options, net (in shares)	103,159		103,159
Exercise of stock options, net	$ 1,128		$ 2,939	(1,811)
Issuance of restricted shares, net (in shares)			24,682
Vesting of restricted shares	0		$ 1,628	(1,628)
Repurchase of shares in settlement of restricted stocks (in shares)			(12,419)
Repurchase of shares in settlement of restricted stocks	(308)			(308)
Common stock repurchased under authorized stock repurchase program (in shares)			(36,283)
Common stock repurchased under authorized stock repurchase program	(792)		$ (792)
Other comprehensive income, net of taxes	(181)					(181)
Ending balance (in shares) at Dec. 31, 2018		0	11,726,074
Ending balance at Dec. 31, 2018	248,069	$ 0	$ 217,514	7,269	23,985	(699)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	27,848				27,848
Cash dividends ($0.80 per share)	(9,927)				(9,927)
Stock-based compensation	$ 1,949			1,935	14
Exercise of stock options, net (in shares)	245,295		245,295
Exercise of stock options, net	$ 2,593		$ 6,890	(4,297)
Issuance of restricted shares, net (in shares)			99,605
Vesting of restricted shares	0		$ 1,414	(1,414)
Repurchase of shares in settlement of restricted stocks (in shares)			(5,626)
Repurchase of shares in settlement of restricted stocks	(120)		$ (120)
Common stock repurchased under authorized stock repurchase program (in shares)			(429,817)
Common stock repurchased under authorized stock repurchase program	(9,300)		$ (9,300)
Other comprehensive income, net of taxes	693					693
Ending balance (in shares) at Dec. 31, 2019		0	11,635,531
Ending balance at Dec. 31, 2019	$ 261,805	$ 0	$ 216,398	$ 3,493	$ 41,920	$ (6)

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Statement of Stockholders' Equity [Abstract]
Cash dividends (in dollars per share)	$ 0.25	$ 0.25	$ 0.25	$ 0.25	$ 0.2	$ 0.20	$ 0.20	$ 0.20	$ 0.85	$ 0.80

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
OPERATING ACTIVITIES
Net income	$ 27,848	$ 15,130
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	1,708	916
Amortization of premiums of investment securities	178	191
Amortization of servicing asset	1,124	1,032
Provision for loan losses	2,800	1,520
(Reversal of) provision for losses - unfunded commitments	(200)	53
Gain on sale of loans	(3,674)	(1,505)
Loss on disposal of fixed assets	31	8
Impairment charges of fixed assets and right-of-use assets	1,207	0
Loans originated for sale	(33,277)	(45,157)
Proceeds from loans originated for sale	67,554	26,484
Accretion of net discounts and deferred loan fees, net	(6,695)	(4,429)
Change in fair value of equity securities	(82)	120
Deferred income taxes	2,211	201
Increase in impact of change in Federal tax rate on deferred taxes assets	0	(226)
Stock-based compensation	1,949	1,709
Appreciation of Bank Owned Life Insurance	(107)	(46)
(Increase) decrease in other items, net	(2,212)	4,341
Net cash provided by operating activities	60,363	342
INVESTING ACTIVITIES
Cash acquired in business combination	0	111,035
Proceeds from maturities and paydowns of securities available-for-sale	4,705	4,099
Proceeds from maturities and paydowns of securities held-to-maturity	253	39
Purchases of securities available-for-sale	(995)	(2,929)
Proceeds from sale of securities available-for-sale	0	1,237
Net increase in loans	(128,713)	(103,769)
Purchases of Federal Reserve and FHLB stock	(131)	(6,946)
Proceeds from redemption of Federal Reserve stock	0	1,879
Purchases of equity investment	(959)	(209)
Proceeds from disposal of premises and equipment	0	6
Purchases of premises and equipment	(850)	(817)
Net cash (used in) provided by investing activities	(126,690)	3,625
FINANCING ACTIVITIES
Net increase in deposits	61,354	4,735
Net (decrease) increase in short term borrowings	(74,998)	84,998
Proceeds from long term FHLB borrowings	60,000	0
Increase in senior secured notes	1,150	8,100
Cash dividends paid	(9,927)	(7,584)
Repurchase of shares	(9,420)	(1,100)
Proceeds from exercise of stock options, net	2,593	1,128
Net cash provided by financing activities	30,752	90,277
(Decrease) increase in cash and cash equivalents	(35,575)	94,244
Cash and cash equivalents, beginning of period	197,376	103,132
Cash and cash equivalents, end of period	161,801	197,376
Cash paid during the period for:
Interest paid	12,054	8,657
Taxes paid	11,098	4,100
Noncash investing and financing activities:
Transfers of loans from held for investment to held for sale	10,249	2,708
Servicing rights asset recognized	1,140	546
Transfer of securities available-for-sale to equity securities	0	2,540
Issuance of common stock for acquisition, including stock option consideration	$ 0	$ 133,273

BASIS OF PRESENTATION AND SUMMA

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2019
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, headquartered in Cerritos, California, is a California corporation that was incorporated on September 1, 2017 and is the registered bank holding company for First Choice Bank. Incorporated in March 2005 and commencing commercial bank operations in August 2005 , First Choice Bank is a California-chartered member bank. References herein to “First Choice Bancorp,” “Bancorp,” or the “holding company,” refer to First Choice Bancorp on a standalone basis. The words “we,” “us,” “our,” or the “Company” refer to First Choice Bancorp and First Choice Bank collectively and on a consolidated basis. References to the “Bank” refer to First Choice Bank on a stand-alone basis. Headquartered in Cerritos, California, the Bank is a community-based financial institution that serves commercial and consumer clients in diverse communities. The Bank specializes in loans to small- to medium-sized businesses and private banking clients, commercial and industrial loans, and commercial real estate loans with a specialization in providing financial solutions for the hospitality industry. The Bank is a Preferred Small Business Administration (“SBA”) Lender. The Bank conducts business through nine full-service branches and two loan production offices located in Los Angeles, Orange and San Diego Counties. Effective May 17, 2019, the Little Tokyo branch was closed and consolidated with the 6th and Figueroa branch located in downtown Los Angeles and the San Diego branch operations were consolidated into the Carlsbad branch. The San Diego location remains as a loan production office. Effective July 31, 2018, we acquired Pacific Commerce Bancorp (“PCB”) and its wholly-owned subsidiary bank, Pacific Commerce Bank, by merger in an all-stock transaction. The acquisition has been accounted for using the acquisition method of accounting and, accordingly, the operating results of PCB have been included in the consolidated financial statements since August 1, 2018. Refer to Note 2. Business Combination , for more information about the PCB acquisition. As a California-chartered member bank, the Bank is primarily regulated by the California Department of Business Oversight (the “DBO”) and the Board of Governors of the Federal Reserve System (the “Federal Reserve”). The Bank’s deposits are insured up to the maximum legal limit by the Federal Deposit Insurance Corporation (the “FDIC”). First Choice Bancorp's stock is traded on the Nasdaq Capital Market under the ticker symbol “FCBP.” Subsequent Events The Company has evaluated subsequent events for recognition and disclosure through March 13, 2020 , which is the date the consolidated financial statements were available to be issued. Basis of Presentation The accompanying consolidated financial statements include the accounts of the Company, and its wholly-owned subsidiary, First Choice Bank, and have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). All significant intercompany balances and transactions have been eliminated in consolidation. Certain immaterial reclassifications have been made to the December 31, 2018 consolidated financial statements to conform to the 2019 presentation. Use of Estimates in the Preparation of Consolidated Financial Statements The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change are the determination of the allowance for loan losses, the valuation of acquired loans, the valuation of goodwill and separately identifiable intangible assets associated with mergers and acquisitions and the valuation of deferred tax assets. Accounting Standards Adopted in 2019 The Company adopted ASU 2016-02, Leases (Topic 842) and ASU 2018-11, Leases (Topic 842): Targeted Improvements, referred to herein as Topic 842, effective January 1, 2019. The new guidance establishes the principles to report transparent and economically neutral information about the assets and liabilities that arise from leases. Entities are required to recognize ROU 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. Under the amendments in ASU 2018-11, entities may elect not to recast the comparative periods presented when transitioning to the new leasing standard. Upon adoption, the Company elected to use the modified retrospective transition approach and recorded ROU assets of $6.0 million and lease liabilities of $6.1 million at the date of adoption with no adjustment to opening equity. The Company elected to apply the package of practical expedients which permits entities to not reassess: (i) whether any expired or existing contracts contain a lease; (ii) lease classification for any expired or existing leases; and (iii) whether initial direct costs for any existing leases qualify for capitalization under the amended guidance. The Company also elected not to include short-term leases (leases with initial terms of 12 months or less) in the consolidated balance sheets. Cash and Cash Equivalents For purposes of reporting cash flows, cash and cash equivalents include cash, due from banks, interest-bearing deposits at other banks with original maturities of less than 90 days, federal funds sold and securities purchased under agreements to resell. Generally, federal funds are sold for one-day periods. Cash and Due from Banks Banking regulations require that banks maintain a percentage of their deposits as reserves in cash or on deposit with the Federal Reserve Bank. These reserve requirements were zero at December 31, 2019 and 2018 . The Company was in compliance with its reserve requirements as of December 31, 2019 . The Company maintains amounts due from other banks, which exceed federally insured limits. The Company has not experienced any losses in such accounts. Investments and Equity Securities with Readily Determinable Fair Values Investments held-to-maturity. Investments in debt securities, such as bonds, notes, and debentures, are classified as held-to-maturity and reported at cost, adjusted for premiums and discounts, when management has the positive intent and ability to hold such investments to maturity. Premiums or discounts on held-to-maturity investments are amortized or accreted into interest income using the interest method. Investments available-for-sale. Investments in debt securities not classified as trading securities nor as held-to-maturity are classified as available-for-sale investments and recorded at fair value. Unrealized gains or losses on available-for-sale investments are excluded from net income and reported as an amount net of taxes as a separate component of accumulated other comprehensive income (“AOCI”) included in shareholders’ equity. Premiums or discounts on available-for-sale investments are amortized or accreted into interest income using the interest method. Realized gains or losses on sales of available-for-sale investments are recorded using the specific identification method. Management evaluates securities for other-than-temporary impairment (“OTTI”) on a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. For securities in an unrealized loss position, management considers the extent and duration of the unrealized loss, and the consolidated financial condition and near-term prospects of the issuer. Management also assesses whether (i) it has the intent to sell, or (ii) it is more likely than not that it will be required to sell the security in an unrealized loss position before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the entire difference between amortized cost and fair value is recognized as an impairment charge to earnings. Equity securities. With the adoption of ASU 2016-01 on January 1, 2018, equity investments with a readily determinable fair value are measured at fair value at the end of each reporting period and changes in fair value are recognized in net income as a component of other noninterest income. Upon adoption of ASU 2016-01, the Company recorded a transition adjustment to reclassify $24 thousand in net unrealized losses from AOCI to retained earnings. Restricted Stock and Equity Investments Restricted stock investments are comprised of Federal Home Loan Bank (“FHLB”) stock and Federal Reserve stock, and are required investments based on the level of the Bank's assets, capital and/or capital surplus. FHLB and Federal Reserve stocks are carried at cost and periodically evaluated for impairment. There is no readily determinable fair value for these stocks as they have no quoted market value, they are a required investment and they are expected to be redeemed at par value. Both cash and stock dividends are reported as a component of interest and dividend income. The Bank also has restricted securities in the form of capital stock invested in two different banker’s bank stocks (collectively "Other Bank Stocks") and other qualified CRA equity investments. These investments do not have a readily determinable fair value, and in accordance with ASU 2016-01, they are measured at cost less 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 through earnings, with related disclosures to be made. These investments are included in other assets in the accompanying consolidated balance sheets . Loan Held for Sale Loans originated and intended for sale in the secondary market are carried at the lower of cost or estimated market value in the aggregate. Net unrealized losses are recognized through a valuation allowance by charges to income. Gains and losses on the sale of loans are recognized pursuant to ASC 860, Transfers and Servicing. Interest income on these loans is accrued daily. Loan origination fees and costs are deferred and included in the cost basis of the loan held for sale. Gains or losses realized on the sales of loans are recognized at the time of sale and are determined by the difference between the net sales proceeds and the carrying value of the loans sold, adjusted for any retained servicing asset or liability. Gains and losses on sales of loans are included in noninterest income. Loans Held for Investment Loans receivable that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at their outstanding unpaid principal balances reduced by any charge-offs and net of deferred loan origination fees and costs, or unamortized premiums or discounts on purchased loans. Loan origination fees and certain direct origination costs are capitalized and recognized as an adjustment of the yield using the effective interest method or straight-line method over the contractual life of the loans or taken into interest income when the related loans are paid off or sold. Amortization of deferred loan origination fees and costs are discontinued when a loan is placed on nonaccrual status. Unamortized premiums or discounts on purchased loans are amortized or accreted to interest income using the effective interest method or straight-line method over the remaining period to contractual maturity. Interest income is recorded on an accrual basis in accordance with the terms of the respective loan. When a loan is placed on nonaccrual status, interest income is discontinued and all unpaid accrued interest is reversed against interest income. Loans on which the accrual of interest has been discontinued are designated as nonaccrual loans. The accrual of interest on loans is discontinued when principal or interest is past due 90 days based on the contractual terms of the loan or when, in the opinion of management, there is reasonable doubt as to collectability. When loans are placed on nonaccrual status, all interest previously accrued but not collected is reversed against current period interest income. Income on nonaccrual loans is subsequently recognized only to the extent that cash is received and the loan’s principal balance is deemed collectible. Interest accruals are resumed on such loans only when they are brought current with respect to interest and principal and when, in the judgment of management, the loans are estimated to be fully collectible as to all principal and interest. Impaired loans. A loan is considered impaired when it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. Impaired loans include loans on nonaccrual status and performing troubled debt restructured loans. Income from impaired loans is recognized on an accrual basis unless the loan is on nonaccrual status. Income from loans on nonaccrual status is recognized to the extent cash is received and when the loan’s principal balance is deemed collectible. The Company measures impairment of a loan by using the estimated fair value of the collateral, less estimated costs to sell and other applicable costs, if the loan is collateral-dependent and the present value of the expected future cash flows discounted at the loan’s effective interest rate if the loan is not collateral-dependent. The impairment amount on a collateral-dependent loan is charged-off, and the impairment amount on a loan that is not collateral-dependent is generally recorded as a specific reserve. Troubled debt restructurings. A loan is classified as a troubled debt restructuring when the Company grants a concession to a borrower experiencing financial difficulties that it otherwise would not consider under our normal lending policies. These concessions may include a reduction of the interest rate, principal or accrued interest, extension of the maturity date or other actions intended to minimize potential losses. All modifications of criticized loans are evaluated to determine whether such modifications are troubled debt restructurings as outlined under ASC Subtopic 310-40, Troubled Debt Restructurings by Creditors . Loans restructured with an interest rate equal to or greater than that of a new loan with comparable market risk at the time the loan is modified may be excluded from certain restructured loan disclosures in years subsequent to the restructuring if the loans are in compliance with their modified terms. A loan that has been placed on nonaccrual status that is subsequently restructured will usually remain on nonaccrual status until the borrower is able to demonstrate repayment performance in compliance with the restructured terms for a sustained period of time, typically for six months. A restructured loan may return to accrual status sooner based on other significant events or mitigating circumstances. A loan that has not been placed on nonaccrual status may be restructured and such loan may remain on accrual status after such restructuring. In these circumstances, the borrower has made payments before and after the restructuring. Generally, this restructuring involves maturity extensions, a reduction in the loan interest rate and/or a change to interest-only payments for a period of time. The restructured loan is considered impaired despite the accrual status and a specific reserve is calculated based on the present value of expected cash flows discounted at the loan’s original effective interest rate or based on the fair value of the collateral if the loan is collateral-dependent. Purchased Credit-impaired Loans Purchased credit impaired loans (“PCI loans”) are accounted for in accordance with ASC Subtopic 310‑30, Loans and Debt Securities Acquired with Deteriorated Credit Quality. A purchased loan is deemed to be credit impaired when there is evidence of credit deterioration since its origination and it is probable at the acquisition date that collection of all contractually required payments is unlikely. We apply PCI loan accounting when we acquire loans deemed to be impaired. At the time of acquisition, we calculate the difference between the (i) contractual amount and timing of undiscounted principal and interest payments (the “contractual cash flows”) and (ii) the estimated amount and timing of undiscounted expected principal and interest payments (the “expected cash flows”). The difference between contractual cash flows and expected cash flows is the nonaccretable difference. The nonaccretable difference represents an estimate of the loss exposure of principal and interest related to the PCI loan portfolios. The nonaccretable difference is subject to change over time based on the performance of the PCI loans. The carrying value of PCI loans is reduced by principal and interest payments received and increased by the portion of the accretable yield recognized as interest income. The excess of the expected cash flows at acquisition over the initial fair value of acquired impaired loans is referred to as the “accretable yield”. The accretable yield is recorded as interest income over the estimated life of the loans using the effective yield method if the timing and amount of the future cash flows is reasonably estimable. PCI loans that are contractually past due are still considered to be accruing and performing as long as there is an expectation that the estimated cash flows will be received. If the timing and amount of cash flows is uncertain, then cash payments received will be recognized as a reduction of the recorded investment. The initial determination of fair value and the subsequent accounting for PCI loans is performed on an individual loan basis. Increases in expected cash flows over those previously estimated increase the accretable yield and are recognized as interest income prospectively. Decreases in the amount and changes in the timing of expected cash flows compared to those previously estimated decrease the accretable yield and usually result in a provision for loan losses and the establishment of an allowance for loan losses. As the accretable yield increases or decreases from changes in cash flow expectations, the offset is a decrease or increase to the nonaccretable difference. The accretable yield is measured at each financial reporting date based on information then currently available and represents the difference between the remaining undiscounted expected cash flows and the current carrying value of the loans. Allowance for Loan Losses The allowance for loan losses ("ALLL") is a valuation allowance for probable incurred credit losses inherent within the loan portfolio as of the balance sheets date. The allowance is increased by provisions charged to earnings and by recoveries of amounts previously charged-off and is reduced by charge-offs on loans. Loan charge-offs are recognized when m anagement believes the collectability of the principal balance outstanding is unlikely. This methodology for determining charge-offs is consistently applied to each portfolio segment. Management estimates the allowance balance required using past loan loss experience, the nature and volume of the portfolio, information about specific borrower situations and estimated collateral values, economic conditions, and other factors. Allocations of the allowance may be made for specific loans, but the entire allowance is available for any loan that, in management’s judgment, should be charged-off. Loan losses are charged against the allowance when we believe available information confirms that specific loans, or portions thereof, are uncollectible. Subsequent recoveries, if any, are credited to the allowance. We determine a separate allowance for each portfolio segment. Portfolio segments identified by us include construction and land development, real estate, commercial and industrial, SBA loans and consumer loans. The allowance consists of specific and general reserves. The allowance consists of specific and general reserves. Specific reserves relate to loans that are individually classified as impaired. A loan is impaired when, based on current information and events, it is probable that we will be unable to collect all amounts due according to the contractual terms of the loan agreement. Factors considered in determining impairment include payment status, collateral value and the probability of collecting all amounts when due. Measurement of impairment is based on the expected future cash flows of an impaired loan, which are to be discounted at the loan’s effective interest rate, or measured by reference to an observable market value, if one exists, or the fair value of the collateral for a collateral-dependent loan. We select the measurement method on a loan-by-loan basis except that collateral-dependent loans for which foreclosure is probable are measured at the fair value of the collateral, less estimated selling costs. General reserves cover non-impaired loans and are based on historical loss rates for each portfolio segment adjusted for the effects of qualitative or environmental factors that are likely to cause estimated credit losses as of the evaluation date to differ from the portfolio segment’s historical loss experience. Qualitative factors include consideration of the following: changes in lending policies and procedures; changes in economic conditions; changes in the nature and volume of the portfolio; changes in the experience, ability and depth of lending management and other relevant staff; changes in the volume and severity of past due, nonaccrual and other adversely graded loans; changes in the loan review system; changes in the value of the underlying collateral for collateral-dependent loans; concentrations of credit; and the effect of other external factors such as competition and legal and regulatory requirements. Acquired non-PCI loans are recorded at fair value on the date of acquisition with no carryover of the related allowance balance. The premium or discount estimated through the loan fair value calculation is recognized into interest income on an effective interest method or straight-line basis over the remaining contractual life of the loans. Additional credit deterioration on acquired non-PCI loans, in excess of the remaining discount will be recognized in the allowance through the provision for loan losses. Reserve for Unfunded Commitments A reserve for unfunded commitments is maintained at a level that, in the opinion of management, is sufficient to absorb probable losses associated with the Company’s commitment to extend credit and standby letters of credit. Management determines the appropriate reserve for unfunded commitments based upon reviews of credit evaluations, prior loss experience, expected future usage of unfunded commitments for the various loan types and other relevant factors. The reserve for unfunded commitments is based on estimates, and ultimate losses may vary from the current estimates. Provisions for unfunded commitment losses are included in other noninterest expense and added to the reserve for unfunded commitments, which is included in the Other Liabilities of the consolidated balance sheets . Other Real Estate Owned and Other Foreclosed Assets Other real estate owned and other assets acquired by foreclosure or deed in lieu of foreclosure is recorded at fair value at the date of foreclosure, establishing a new cost basis by a charge to the allowance for loan losses, if necessary. Other real estate owned and other foreclosed assets are carried at the lower of the Company’s carrying value of the property or its fair value. Fair value is generally based on current appraisals less estimated selling costs. Any subsequent write-downs are charged against operating expenses and recognized as a valuation allowance. Operating expenses of such assets, net of related income, and gains and losses on their disposition are included in noninterest expenses. Premises and Equipment Premises and equipment are carried at cost less accumulated depreciation and amortization. Depreciation is computed using the straight-line method over the estimated useful lives, which ranges from three to seven years for furniture and equipment. Leasehold improvements are amortized using the straight-line method over the estimated useful lives of the improvements or the remaining lease term, whichever is shorter. Expenditures for betterments or major repairs are capitalized and those for ordinary repairs and maintenance are charged to noninterest expense as incurred. When assets are sold or otherwise disposed of, the cost and related accumulated depreciation and amortization are removed from the related accounts and resulting gains or losses are reflected in noninterest expense. Premises and equipment are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If such assets are considered to be impaired, the impairment loss recognized is measured by the amount by which the carrying amount exceeds the fair value of the assets and reflected in noninterest expense. Leases The Company determines if an arrangement contains a lease at contract inception and recognize a ROU asset and operating lease liability based on the present value of lease payments over the lease term. While the operating leases may include options to extend the term, these options are not included when calculating the ROU asset and lease liability unless we are reasonably certain we will exercise such options. Most of the leases do not provide an implicit rate and, therefore, the Company determines the present value of lease payments by using our incremental borrowing rate, currently our FHLB secured borrowing rate for the remaining lease term, and other information available at lease commencement. Leases with an initial term of 12 months or less are not recorded in the consolidated balance sheets. Lease expense is recognized on a straight-line basis over the lease term. The Company has lease agreements with lease and non-lease components for which it has elected to account for as a single lease component. The Company may sublease its leased assets to an unrelated third party. Rental income received from the sublease is included in noninterest income and recorded on a straight-line basis over the term of the sublease. Refer to – Accounting Standards Adopted in 2019 below and Note 7. Leases for further discussion on our leasing arrangements and related accounting. Loss Contingencies Loss contingencies, including claims and legal actions arising in the ordinary course of business, are recorded as liabilities when the likelihood of loss is probable and an amount or range of loss can be reasonably estimated. Management does not believe there now are such matters that will have a material effect in the consolidated financial statements. Transfers of Financial Assets Transfers of financial assets are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity or the ability to unilaterally cause the holder to return specific assets. In addition, for transfers of a portion of financial assets (for example, participations of loans receivable), the transfer must meet the definition of a “participating interest” in order to account for the transfer as a sale. The Company accounts for transfers and servicing of financial assets by recognizing the financial and servicing assets it controls and the liabilities it has incurred, derecognizes financial assets when control has been surrendered, and derecognizes liabilities when extinguished. Loan Sales and Servicing of Financial Assets The Company originates SBA loans and sells the guaranteed portion in the secondary market. Servicing assets are recognized separately when they are acquired through sale of loans. Servicing assets are initially recorded at fair value with the income statement effect recorded in gain on sale of loans. Fair value is based on a valuation model that calculates the present value of estimated future net servicing income. The valuation model uses assumptions that market participants would use in estimating the net income stream from the servicing assets, such as the servicing fees, costs to service, discount rates and prepayment speeds. Servicing assets are subsequently measured using the amortization method which requires servicing assets to be amortized into noninterest income in proportion to, and over the period of, the estimated future net servicing income of the underlying loans. Servicing assets are evaluated for impairment by comparing their fair values to carrying amounts. Impairment is determined by stratifying servicing assets into groupings based on predominant risk characteristics, such as interest rate, loan type and investor type. For purposes of measuring impairment, the Company reviews the total servicing asset. A valuation allowance is recorded when the fair value is below the carrying amount of the total servicing asset. If the Company later determines that all or a portion of the impairment no longer exists, a reduction of the allowance may be recorded as an increase in income. The fair values of servicing assets are subject to significant fluctuations as a result of changes in estimated and actual prepayments speeds and changes in the discount rates. Servicing fee income, which is reported in the consolidated statements of income in net servicing fees, is recorded for fees earned for servicing loans. The fees are based on a contractual percentage of the outstanding principal and recorded as income when earned. The amortization of servicing assets and changes in the valuation allowance are netted against loan servicing income. Business Combinations Business combinations are accounted for using the acquisition method of accounting under ASC Topic 805 - Business Combinations . Under the acquisition method, the Company measures the identifiable assets acquired, including identifiable intangible assets, and liabilities assumed in a business combination at fair value on acquisition date. Goodwill is generally determined as the excess of the fair value of the consideration transferred, over the fair value of the net assets acquired and liabilities assumed as of the acquisition date. The Company accounts for merger-related costs, which may include advisory, legal, accounting, valuation, and other professional or consulting fees, as expenses in the periods in which the costs are incurred and the services are received. Goodwill and Other Intangible Assets Goodwill and other intangible assets acquired in a purchase business combination and determined to have indefinite useful lives are not amortized but tested for impairment no less than annually or when circumstances arise indicating impairment may have occurred. Goodwill is the only intangible asset with an indefinite life recorded in the Company’s consolidated balance sheets. The determination of whether impairment has occurred, includes the considerations of a number of factors including, but not limited to, operating results, business plans, economic projections, anticipated future cash flows, and current market data. Any impairment identified as part of this testing is recognized through a charge to net income. The Company has selected to perform its annual impairment test in the fourth quarter of each fiscal year. There was no impairment recognized related to goodwill for the years ended December 31, 2019 and 2018 . Core deposit intangible ("CDI") is a measure of the value of depositor relationships resulting from whole bank acquisitions. Intangible assets with definite useful lives are amortized over their estimated u

BUSINESS COMBINATION

BUSINESS COMBINATION	12 Months Ended
	Dec. 31, 2019
Business Combinations [Abstract]
BUSINESS COMBINATION	BUSINESS COMBINATION On February 26, 2018, we announced that we had entered into an Agreement and Plan of Reorganization and Merger, dated February 23, 2018 (the "merger agreement"), by which PCB would be merged with and into First Choice Bancorp and PCB’s bank subsidiary, Pacific Commerce Bank, would be merged with and into First Choice Bank (collectively, the “Merger”). Following receipt of all necessary regulatory and shareholder approvals, on July 31, 2018, we completed our acquisition of PCB. The Merger was an all-stock transaction valued at approximately $133.3 million , or $13.69 per share, based on a closing price of First Choice Bancorp's common stock of $28.70 on July 31, 2018 . At the effective time of the Merger, each share of PCB common stock was converted into the right to receive 0.47689 shares (referred to as the final exchange ratio) of our common stock, with cash paid in lieu of any fractional shares. The final exchange ratio was higher than the ratio of 0.46531 announced at the time of the acquisition, as the ratio was subject to certain adjustments as previously described in the joint proxy statement. The higher exchange ratio was primarily due to adjustments resulting from an increase in PCB’s capital from the exercise of stock options, PCB's lower than budgeted merger transaction costs and PCB's higher than projected net income during the first six months of 2018. In the aggregate, we issued 4,386,816 shares of First Choice Bancorp's common stock in exchange for the outstanding shares of PCB common stock. In addition, we issued 420,393 , in the aggregate, in replacement vested stock awards with a fair value of $7.4 million to PCB directors, officers and employees. The PCB directors, officers and employees that did not continue to work with the Company had the option to receive either a rollover stock option or cash equal to the value of their PCB stock options, and after such elections were made, 278,096 rollover stock options were issued and exercisable into shares of the Company's common stock, and no cash was issued. For the remaining PCB directors, officers and employees that continued to work with the Company, their stock options were converted into rollover stock options exercisable into 142,297 shares of the Company's common stock. PCB was headquartered in Los Angeles, California, with $544.7 million in total assets, $414.9 million in gross loans and $474.8 million in total deposits as of July 31, 2018. PCB had six full-service branches in Los Angeles and San Diego Counties, including its operating division, ProAmérica Bank, in Downtown Los Angeles. The acquisition of PCB provided the Company with the opportunity to further serve our existing customers and to expand our footprint in Southern California to the Mexican border. The following table represents the fair value of assets acquired and liabilities assumed of PCB, as of July 31, 2018, recorded using the acquisition method of accounting: Fair Value (dollars in thousands) Assets acquired: Cash and cash equivalents $ 111,035 Loans held for investment, net 399,822 Investment in restricted stock, at cost 4,148 Premises and equipment 719 Servicing assets 1,054 Cash surrender value of bank-owned life insurance 4,712 Deferred taxes 4,612 Core deposit intangible 6,908 Accrued interest receivable and other assets 3,487 Total assets acquired $ 536,497 Liabilities assumed: Deposits $ 474,925 Accrued interest payable and other liabilities 1,724 Total liabilities assumed 476,649 Net assets acquired $ 59,848 Purchase consideration: Fair value of shares of First Choice Bancorp issued in the merger $ 125,902 Fair value of equity awards exchanged 7,371 Total purchase consideration 133,273 Goodwill recognized $ 73,425 The final PCB tax return was completed during the second quarter ended June 30, 2019 and there were no adjustments to the acquired deferred tax assets. Goodwill represents the excess of the purchase consideration over the fair value of the net assets acquired and was primarily attributable to the expected synergies and economies of scale expected from combining PCB's operations with the Company. Goodwill from the PCB acquisition is not deductible for U.S. income tax purposes. The following table presents the amounts that comprise the fair value of loans acquired, excluding PCI loans, from PCB as of July 31, 2018: Loans (dollars in thousands) Contractual amounts receivable $ 507,720 Contractual cash flows not expected to be collected (8,520 ) Expected cash flows 499,200 Interest component of expected cash flows (102,431 ) Fair value of loans acquired, excluding PCI loans $ 396,769 A component of total loans acquired from PCB were PCI loans. The following table presents the amounts that comprise the fair value of PCI loans as of July 31, 2018. (Refer to Note 4 . Loans for additional information regarding PCI loans): PCI Loans (dollars in thousands) Contractually required payments receivable (principal and interest) $ 8,580 Nonaccretable difference (contractual cash flows not expected to be collected) (3,416 ) Expected cash flows 5,164 Accretable yield (2,111 ) Fair value of PCI loans acquired $ 3,053

INVESTMENT SECURITIES

INVESTMENT SECURITIES	12 Months Ended
	Dec. 31, 2019
Investments, Debt and Equity Securities [Abstract]
INVESTMENT SECURITIES	INVESTMENT SECURITIES Investment securities have been classified in the 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 December 31, 2019 and 2018 were as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value December 31, 2019 (dollars in thousands) Securities available-for-sale: Mortgage-backed securities $ 7,480 $ 20 $ (69 ) $ 7,431 Collateralized mortgage obligations 10,571 52 (25 ) 10,598 SBA pools 8,610 58 (44 ) 8,624 $ 26,661 $ 130 $ (138 ) $ 26,653 Securities held-to-maturity: U.S. Government and agency securities $ 3,342 $ 9 $ — $ 3,351 Mortgage-backed securities 1,714 27 (15 ) 1,726 $ 5,056 $ 36 $ (15 ) $ 5,077 December 31, 2018 Securities available-for-sale: Mortgage-backed securities $ 9,177 $ — $ (333 ) $ 8,844 Collateralized mortgage obligations 11,731 2 (272 ) 11,461 SBA pools 9,628 — (390 ) 9,238 $ 30,536 $ 2 $ (995 ) $ 29,543 Securities held-to-maturity: U.S. Government and agency securities $ 3,340 $ — $ (122 ) $ 3,218 Mortgage-backed securities 1,982 — (105 ) 1,877 $ 5,322 $ — $ (227 ) $ 5,095 The amortized cost and estimated fair value of all investment securities held-to-maturity and available-for-sale at December 31, 2019 , 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 (dollars in thousands) Due in one year or less $ — $ — $ — $ — Due after one year through five years 3,342 3,351 — — Due after five years through ten years — — — — Due after ten years (1) 1,714 1,726 26,661 26,653 $ 5,056 $ 5,077 $ 26,661 $ 26,653 (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. At December 31, 2019 , there were no holdings of securities of any one issuer in an amount greater than 10% of our shareholders’ equity. There were no sales of investment securities during the years ended December 31, 2019 . There was $1.2 million in sales of investment securities available-for-sale with no realized gains during the year ended December 31, 2018 . There were no maturities or calls of any investment securities available-for-sale or held-to-maturity during the years ended December 31, 2019 and 2018 . The Company purchased $995 thousand and $2.9 million of investment securities available-for-sale during the years ended December 31, 2019 and 2018 . At December 31, 2019 , securities held-to-maturity with a carrying amount of $5.1 million were pledged to the Federal Reserve Bank as discussed in Note 10 – Borrowing Arrangements . As of December 31, 2019 and 2018 , 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 Twelve Months Or Longer Total Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value December 31, 2019 (dollars in thousands) Securities available-for-sale: Mortgage-backed securities $ — $ — $ (69 ) $ 6,271 $ (69 ) $ 6,271 Collateralized mortgage obligations (2 ) 1,342 (23 ) 1,288 (25 ) 2,630 SBA pools (44 ) 3,043 — — (44 ) 3,043 $ (46 ) $ 4,385 $ (92 ) $ 7,559 $ (138 ) $ 11,944 Securities held-to-maturity: Mortgage-backed securities — — (15 ) 790 (15 ) 790 $ — $ — $ (15 ) $ 790 $ (15 ) $ 790 December 31, 2018 Securities available-for-sale: Mortgage-backed securities $ (20 ) $ 2,397 $ (313 ) $ 6,447 $ (333 ) $ 8,844 Collateralized mortgage obligations (3 ) 1,127 (269 ) 9,742 (272 ) 10,869 SBA pools — — (390 ) 9,238 (390 ) 9,238 $ (23 ) $ 3,524 $ (972 ) $ 25,427 $ (995 ) $ 28,951 Securities held-to-maturity: U.S. Government and agency securities $ — $ — $ (122 ) $ 3,218 $ (122 ) $ 3,218 Mortgage-backed securities — — (105 ) 1,877 (105 ) 1,877 $ — $ — $ (227 ) $ 5,095 $ (227 ) $ 5,095 The Company does not believe these unrealized losses are other-than-temporary 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. Equity Securities with A Readily Determinable Fair Value At December 31, 2019 and 2018 , equity securities with a readily determinable fair value of $2.7 million and $2.5 million represent a mutual fund investment consisting of high quality debt securities and other debt instruments supporting domestic affordable housing and community development. With the adoption of ASU No. 2016-01 on January 1, 2018, the Company recorded a transition adjustment to reclassify $24 thousand in the net unrealized losses from AOCI to retained earnings for these investments. In addition, the Company recognized gross gains of $82 thousand and gross losses of $74 thousand related to changes in fair value for the years ended December 31, 2019 and 2018 . Restricted Stock and Other Bank Stock Investments The Bank is a member of the FHLB system. Members are required to own FHLB stock of at least the greater of 1% of FHLB membership asset value or 2.7% of outstanding FHLB advances. At December 31, 2019 and 2018 , the Bank owned $6.1 million of FHLB stock, which is carried at cost. For the year ended December 31, 2019 , there were no required purchases of FHLB stock. For the year ended December 31, 2018 , the Company received $2.3 million in FHLB stock previously owned by PCB in the PCB acquisition and purchased $226 thousand of FHLB stock. The Company evaluated the carrying value of its FHLB stock investment at December 31, 2019 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 and special dividends, and the Company’s intent and ability to hold this investment for a period of time sufficient to recover our recorded investment. As a member of the Federal Reserve Bank of San Francisco, the Bank owned $6.9 million and $6.7 million of Federal Reserve stock, which is carried at cost, at December 31, 2019 and 2018 . For the year ended December 31, 2019 , the Company purchased $132 thousand of Federal Reserve stock. For the year ended December 31, 2018 , the Company purchased $6.7 million of FRB stock in conjunction with becoming a state member bank of FRB on October 1, 2018. The Company evaluated the carrying value of its Federal Reserve stock investment at December 31, 2019 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 Federal Reserve, repurchase activity of excess stock by the Federal Reserve 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 Bank also has restricted securities in the form of capital stock invested in two different banker’s bank stocks (collectively "Other Bank Stocks") which totaled $1.0 million at December 31, 2019 and 2018 and are reported in other assets in the consolidated balance sheets. For the year ended December 31, 2019 , the Company evaluated the carrying value of these restricted securities and determined that they were not impaired, and no loss related to changes in the fair value of these equity securities was recognized. For the year ended December 31, 2018 , the Company recognized $46 thousand in losses related to changes in the fair value of these equity securities. Other Equity Securities Without A Readily Determinable Fair Value The Company invested in various CRA-related equity investments which totaled $1.3 million and $615 thousand at December 31, 2019 and 2018 . The purpose of this investment is to achieve a satisfactory return on capital, and to receive Community Reinvestment Act ("CRA") lending credits. These investments were recorded at cost and were included in other assets in the consolidated balance sheets. For the year ended December 31, 2019 , the Company purchased $500 thousand and made additional contributions of $149 thousand related to CRA equity investments. For the year ended December 31, 2018 , the Company made contributions of $140 thousand . At December 31, 2019 , the Company evaluated the carrying value of these restricted securities and determined that they were not impaired, and no loss recognized related to changes in the fair value of these equity securities. The Company also committed and invested in a partnership that sponsors affordable housing projects utilizing the Low Income Housing Tax Credit ("LIHTC") pursuant to Section 42 of the Internal Revenue Code in 2019 . This equity security was recorded net of accumulated amortization, using the proportional amortization method. Under the proportional amortization method, the initial cost of the investment is being amortized in proportion to the tax credits and other tax benefits received, and the amortization is being recognized as part of the income tax expense in the consolidated statements of income. At December 31, 2019 , the net LIHTC investment totaled $236 thousand . For the year ended December 31, 2019 , the Company made capital contributions of $262 thousand . There were no LIHTC investments at December 31, 2018 . At December 31, 2019 , the Company evaluated the carrying value of this security and determined that it was not impaired, and no loss recognized related to changes in the fair value of this equity security.

LOANS

LOANS	12 Months Ended
	Dec. 31, 2019
Receivables [Abstract]
LOANS	LOANS The Company’s loan portfolio consists primarily of loans to borrowers within its principal market area including 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 the lower of carrying value or market value and separately designated as such in the 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. At December 31, 2019 , the Bank had pledged $1.1 billion of loans with FHLB under a blanket lien, of which $738.0 million was considered as eligible collateral under this secured borrowing arrangement, and loans with an unpaid principal balance of $252.4 million were pledged as collateral under a secured borrowing arrangement with the Federal Reserve. See Note 10 – Borrowing Arrangements for additional information regarding the FHLB and Federal Reserve secured lines of credit. The composition of the Company’s loan portfolio at December 31, 2019 and 2018 was as follows: December 31, 2019 December 31, 2018 Loans PCI Loans Total Loans PCI Loans Total (dollars in thousands) Construction and land development $ 249,504 $ — $ 249,504 $ 184,177 $ — $ 184,177 Real estate: Residential 43,736 — 43,736 57,443 — 57,443 Commercial real estate - owner occupied 171,487 108 171,595 179,362 132 179,494 Commercial real estate - non-owner occupied 423,823 — 423,823 400,590 1,075 401,665 Commercial and industrial 308,548 463 309,011 281,121 597 281,718 SBA loans 177,080 553 177,633 145,622 840 146,462 Consumer 430 — 430 159 — 159 Loans held for investment, net of discounts 1,374,608 1,124 1,375,732 1,248,474 2,644 1,251,118 Net deferred origination fees (1,057 ) — (1,057 ) (137 ) — (137 ) Loans held for investment $ 1,373,551 $ 1,124 $ 1,374,675 $ 1,248,337 $ 2,644 $ 1,250,981 Allowance for loan losses (13,522 ) — (13,522 ) (11,056 ) — (11,056 ) Loans held for investment, net $ 1,360,029 $ 1,124 $ 1,361,153 $ 1,237,281 $ 2,644 $ 1,239,925 Loans held for investment were comprised of the following components at December 31, 2019 and 2018 : December 31, 2019 2018 (dollars in thousands) Gross loans held for investment (1) $ 1,385,142 $ 1,263,891 Unamortized net discounts (2) (9,410 ) (12,773 ) Net unamortized deferred origination fees (1,057 ) (137 ) Loans held for investment $ 1,374,675 $ 1,250,981 (1) Gross loans held for investment include purchased credit impaired loans with a net carrying value of $1.1 million , or 0.08% of gross loans at December 31, 2019 and $2.6 million , or 0.21% of gross loans at December 31, 2018 . (2) Unamortized net discounts include discounts related to the retained portion of SBA loans and net discounts on acquired loans. At December 31, 2019 , net discounts related to acquired loans totaled $9.4 million of which $6.0 million was associated with loans acquired in the PCB acquisition and expected to be accreted into interest income over a weighted average remaining life of 4.8 years. A summary of the changes in the allowance for loan losses for the years ended December 31, 2019 and 2018 follows: Year Ended December 31, 2019 2018 (dollars in thousands) Balance, beginning of period $ 11,056 $ 10,497 Provision for loan losses 2,800 1,520 Charge-offs (579 ) (1,149 ) Recoveries 245 188 Net charge-offs (334 ) (961 ) Balance, end of period $ 13,522 $ 11,056 The following table presents the activity in the allowance for loan losses for the years ended December 31, 2019 and 2018 by portfolio segment: Year Ended December 31, 2019 Real Estate Construction and Land Development Residential Commercial - Owner Occupied Commercial - Non-owner Occupied Commercial and Industrial SBA Loans Consumer Total (dollars in thousands) Balance, December 31, 2018 $ 1,721 $ 422 $ 734 $ 2,686 $ 3,686 $ 1,807 $ — $ 11,056 Provision for (reversal of) loan losses 629 (130 ) 184 388 969 758 2 2,800 Charge-offs — — — — (567 ) (12 ) — (579 ) Recoveries — — — — 57 188 — 245 Net (charge-offs) recoveries — — — — (510 ) 176 — (334 ) Balance, December 31, 2019 $ 2,350 $ 292 $ 918 $ 3,074 $ 4,145 $ 2,741 $ 2 $ 13,522 Reserves: Specific $ — $ — $ — $ 215 $ — $ 939 $ — $ 1,154 General 2,350 292 918 2,859 4,145 1,802 2 12,368 $ 2,350 $ 292 $ 918 $ 3,074 $ 4,145 $ 2,741 $ 2 $ 13,522 Loans evaluated for impairment: Individually $ — $ — $ 3,049 $ 1,368 $ 229 $ 6,940 $ — $ 11,586 Collectively 249,504 43,736 168,438 422,455 308,319 170,140 430 1,363,022 PCI — — 108 — 463 553 — 1,124 $ 249,504 $ 43,736 $ 171,595 $ 423,823 $ 309,011 $ 177,633 $ 430 $ 1,375,732 Year Ended December 31, 2018 Real Estate Construction and Land Development Residential Commercial - Owner Occupied Commercial - Non-owner Occupied Commercial and Industrial SBA Loans Consumer Total (dollars 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 124 47 79 (450 ) 805 923 (8 ) 1,520 Charge-offs — — — — (539 ) (610 ) — (1,149 ) Recoveries — — — — 188 — — 188 Net charge-offs — — — — (351 ) (610 ) — (961 ) Balance, December 31, 2018 $ 1,721 $ 422 $ 734 $ 2,686 $ 3,686 $ 1,807 $ — $ 11,056 Reserves: Specific $ — $ — $ — $ — $ — $ — $ — $ — General 1,721 422 734 2,686 3,686 1,807 — 11,056 $ 1,721 $ 422 $ 734 $ 2,686 $ 3,686 $ 1,807 $ — $ 11,056 Loans evaluated for impairment: Individually $ — $ — $ — $ — $ 89 $ 1,960 $ — $ 2,049 Collectively 184,177 57,443 179,362 400,590 281,032 143,662 159 1,246,425 PCI — — 132 1,075 597 840 — 2,644 $ 184,177 $ 57,443 $ 179,494 $ 401,665 $ 281,718 $ 146,462 $ 159 $ 1,251,118 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. Doubtful - Loans classified as doubtful have all the weaknesses inherent in those classified Substandard with the added characteristic that the weaknesses make collection or liquidation in full, based on currently known facts, conditions and values, highly questionable and improbable. Loss - Loans classified loss are considered uncollectible and of such little value that their continuance as loans is not warranted. The risk rating categories of loans held for investment, net of discounts by class of loans, excluding PCI loans, as of December 31, 2019 and 2018 was as follows: December 31, 2019 Pass Special Mention Substandard (1) Total (dollars in thousands) Construction and land development $ 249,504 $ — $ — $ 249,504 Real estate: Residential 43,736 — — 43,736 Commercial real estate - owner occupied 161,863 — 9,624 171,487 Commercial real estate - non-owner occupied 421,731 — 2,092 423,823 Commercial and industrial 305,918 — 2,630 308,548 SBA loans 166,820 — 10,260 177,080 Consumer 430 — — 430 $ 1,350,002 $ — $ 24,606 $ 1,374,608 (1) At December 31, 2019 , substandard loans included $11.3 million of impaired loans. December 31, 2018 Pass Special Mention Substandard (1) Total (dollars in thousands) Construction and land development $ 184,177 $ — $ — $ 184,177 Real estate: Residential 57,443 — — 57,443 Commercial real estate - owner occupied 174,505 4,857 — 179,362 Commercial real estate - non-owner occupied 399,457 1,133 — 400,590 Commercial and industrial 269,640 8,341 3,140 281,121 SBA loans 137,740 6,065 1,817 145,622 Consumer 159 — — 159 $ 1,223,121 $ 20,396 $ 4,957 $ 1,248,474 (1) At December 31, 2018 , substandard loans included $1.7 million of impaired loans. The following tables present past due and nonaccrual loans, net of discounts and excluding PCI loans, by loan class as of December 31, 2019 and 2018 : December 31, 2019 Still Accruing 30-59 Days Past Due 60-89 Days Past Due Over 90 Days Past Due Nonaccrual (dollars in thousands) Real estate: Residential $ 1,471 $ 290 $ — $ — Commercial real estate - owner occupied — — — 3,049 Commercial real estate - non-owner occupied — — — 1,368 Commercial and industrial 4 2 — 229 SBA loans — — — 6,619 Total $ 1,475 $ 292 $ — $ 11,265 December 31, 2018 Still Accruing 30-59 Days Past Due 60-89 Days Past Due Over 90 Days Past Due Nonaccrual (dollars in thousands) Real estate: Residential $ 480 $ — $ — $ — Commercial and industrial 3 1 — 89 SBA loans — — — 1,633 Total $ 483 $ 1 $ — $ 1,722 A loan is considered impaired when, based on current information and events, it is probable that we will be unable to collect all amounts due according to the contractual terms of the loan agreement. Recorded investment represents unpaid principal balance, net of charge-offs, discounts and interest applied to principal on nonaccrual loans, if any. The following tables present impaired loans, excluding PCI loans, by loan class at December 31, 2019 and 2018 : December 31, 2019 Impaired Loans Unpaid Principal Balance Recorded Investment (1) Without Specific Reserve With Specific Reserve Related Allowance (dollars in thousands) Real estate: Commercial real estate - owner occupied $ 3,132 $ 3,049 $ 3,049 $ — $ — Commercial real estate - non-owner occupied 1,411 1,368 — 1,368 215 Commercial and industrial 229 229 229 — — SBA loans 7,344 6,940 4,750 2,190 939 Total $ 12,116 $ 11,586 $ 8,028 $ 3,558 $ 1,154 (1) Included TDRs on accrual of $321 thousand . December 31, 2018 Impaired Loans Unpaid Principal Balance Recorded Investment (1) Without Specific Reserve With Specific Reserve Related Allowance (dollars in thousands) Commercial and industrial $ 178 $ 89 $ 89 $ — $ — SBA loans 2,964 1,960 1,960 — — Total $ 3,142 $ 2,049 $ 2,049 $ — $ — (1) Included TDRs on accrual of $327 thousand . The following tables present the average recorded investment in impaired loans, excluding PCI loans, and related interest income recognized by loan class for the years ended December 31, 2019 and 2018 : Year Ended December 31, 2019 2018 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized (dollars in thousands) Real estate: Commercial real estate - owner occupied $ 535 $ — $ — $ — Commercial real estate - non-owner occupied 235 — — — Commercial and industrial 385 — 201 — SBA loans 3,742 78 1,582 26 Total $ 4,897 $ 78 $ 1,783 $ 26 At December 31, 2019 and 2018 , the total recorded investment for loans identified as a TDR was approximately $479 thousand and $921 thousand . There were no specific reserves allocated for these loans and the Company has not committed to lend any additional amounts to customers with outstanding loans that are classified as TDR’s as of December 31, 2019 and 2018 . Loan modifications resulting in TDR status generally included one or a combination of the following concessions: extensions of the maturity date, principal payment deferments or signed forbearance agreement with a payment plan. During the years ended December 31, 2019 and 2018 , there were no new loan modifications resulting in TDRs. A loan is considered to be in payment default once it is 90 days contractually past due under the modification. During the years ended December 31, 2019 and 2018 , there was one SBA loan totaling $88 thousand and $95 thousand classified as a TDR for which there was a payment default within twelve months following the modification. PCI Loans The following table summarizes the changes in the carrying amount and accretable yield of PCI loans, acquired as part of the PCB acquisition, for the year ended December 31, 2019 . Refer to Note 2 - Business Combination for further information. Year Ended December 31, 2019 2018 Carrying Amount Accretable Carrying Amount Accretable (dollars in thousands) Balance, beginning of period $ 2,644 $ 2,073 $ — $ — Loans acquired — — 3,053 2,111 Accretion 2,007 (2,007 ) 219 (219 ) Payments received (3,563 ) — (565 ) — Increase in expected cash flows, net 36 1,110 (63 ) 181 Provision for loan losses — — — — Balance, end of period $ 1,124 $ 1,176 $ 2,644 $ 2,073 Loans Held for Sale At December 31, 2019 and 2018 , the Company had loans held for sale, consisting of SBA 7(a) loans totaling $7.7 million and $28.0 million. At December 31, 2019 and 2018 , the fair value of loans held for sale totaled $8.4 million and $29.2 million.

TRANSFERS AND SERVICING OF FINA

TRANSFERS AND SERVICING OF FINANCIAL ASSETS	12 Months Ended
	Dec. 31, 2019
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. The loans serviced for others are accounted for as sales and are therefore not included in the accompanying consolidated balance sheets. The total loans serviced for others was $278.6 million and $288.2 million at December 31, 2019 and 2018 . This includes SBA loans serviced for others of $214.8 million at December 31, 2019 and $198.4 million at December 31, 2018 for which there was a related servicing asset of $3.2 million and $3.2 million , respectively. In addition, the loan servicing portfolio includes construction and land development loans, commercial real estate loans and commercial & industrial loans participated with various other institutions of $63.8 million and $89.8 million at December 31, 2019 and 2018 for which there is no related servicing assets. Consideration for each SBA loan sale includes the cash received and a related servicing asset. The Company receives servicing fees ranging from 0.25% to 1.00% for the services provided over the life of the loan; the servicing asset is initially recognized at fair value based on the present value of the estimated future net servicing income, incorporating assumptions that market participants would use in their estimates of fair value. The risks inherent in SBA servicing assets relates primarily to changes in prepayments that result from shifts in interest rates and a reduction in the estimated future cash flows. The servicing asset activity includes additions from SBA loan sales with servicing retained, acquired servicing rights and reductions from amortization as the SBA serviced loans are repaid and servicing fees are earned. Servicing assets with a fair value of $1.1 million as of July 31, 2018 were purchased as part of the PCB acquisition and included in “Additions” in the table below. Refer to Note 2 - Business Combination for further information . The SBA servicing asset activity is summarized for the periods indicated: Year Ended December 31, 2019 2018 (dollars in thousands) Balance, beginning of period $ 3,186 $ 2,618 Additions 1,140 1,600 Amortization (1) (1,124 ) (1,032 ) Balance, end of period $ 3,202 $ 3,186 (1) Included accelerated amortization of $146 thousand for the year ended December 31, 2019 . There was no accelerated amortization for the year ended December 31, 2018 . The fair value of the servicing asset for SBA loans is measured at least quarterly and was $3.2 million and $3.3 million as of December 31, 2019 and 2018 . The significant assumptions used in the valuation of the SBA servicing asset at December 31, 2019 included discount rates, ranging from 7.7% to 37.6% and a weighted average prepayment speed assumption of 18.7% . The following table summarizes the estimated change in the value of servicing assets as of December 31, 2019 given hypothetical shifts in prepayments speeds and yield assumptions: Change in Assumption Change in Estimated Fair Value (dollars in thousands) Prepayment speeds +10% $ (176 ) Prepayment speeds +20% (335 ) Discount rate +1% (82 ) Discount rate +2% (161 ) SBA loans (including SBA 7(a) and SBA 504 loans) sold during the years ended December 31, 2019 and 2018 totaled $61.6 million and $25.0 million . Total gains on sale of SBA loans were $3.7 million and $1.5 million for the years ended December 31, 2019 and 2018 . Net servicing fees, a component of noninterest income, represent contractually specified servicing fees reported net of the servicing asset amortization. Net servicing fees totaled $850 thousand and $509 thousand for the years ended December 31, 2019 and 2018 , including contractually specified servicing fees of $2.0 million and $1.5 million , respectively, partially offset by the amortization indicated in the table above.

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT	12 Months Ended
	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
PREMISES AND EQUIPMENT	PREMISES AND EQUIPMENT A summary of premises and equipment as of December 31 follows: December 31, 2019 2018 (dollars in thousands) Construction in progress $ 6 $ — Leasehold improvements 1,877 1,987 Furniture, fixtures, and equipment 3,655 3,115 5,538 5,102 Less: Impairment (207 ) — Less: Accumulated depreciation and amortization (3,789 ) (3,129 ) $ 1,542 $ 1,973 Depreciation expense totaled $860 thousand and $584 thousand for the years ended December 31, 2019 and 2018 .

LEASES (Notes)

LEASES (Notes)	12 Months Ended
	Dec. 31, 2019
Leases [Abstract]
LEASES	LEASES We adopted ASU 2016-02, Leases (Topic 842), and related amendments on January 1, 2019, using the modified retrospective transition method whereby comparative periods were not restated. No cumulative effect adjustment to the opening balance of retained earnings was required. We elected the package of practical expedients permitted under the new standard as described in Note 1 - Basis of Presentation and Summary of Significant Accounting Policies - Accounting Standards Adopted in 2019. All of our leases are operating leases for corporate offices, branch locations and loan production offices. The amount of the lease liability and ROU asset is impacted by the lease term and the discount rate applied to determine the present value of future lease payments. The remaining terms of our operating leases range from 1.1 years to 5.0 years . Most of our leases include one or more options to renew, with renewal terms that can extend the lease term by varying amounts. The exercise of renewal options is at our sole discretion. We do not include renewal options in the measurement of ROU assets and lease liabilities unless they are considered reasonably certain of exercise. Upon adoption of this standard in 2019, we recognized ROU assets of $6.0 million and lease liabilities of $6.1 million . Subsequent to adoption, we recognized $820 thousand impairment of the ROU assets related to the relocation and consolidation of two branches. The impairment of the ROU assets was based on a discounted cash flow of lease payments net of sublease income over the remaining lease term. The balance of ROU assets, net of impairment, and lease liabilities are included in other assets and other liabilities in the consolidated balance sheets. In addition to the ROU impairment related to the branch consolidations, we recognized a $387 thousand impairment of other long lived assets, of which $180 thousand of other long lived assets were disposed of in 2019; both impairment charges are included in occupancy and equipment expense in the consolidated statements of income. The balance sheet and supplemental information related to our leases at December 31, 2019 are shown below. Balance Sheet and Supplemental Information (dollars in thousands) Operating lease ROU assets classified as other assets $6,633 Operating lease liability classified as other liabilities $7,071 Weighted average remaining lease term, in years 3.1 Weighted average discount rate 2.23 % We elected not to separate lease and non-lease components and instead to account for them as a single lease component. Variable lease cost primarily represents variable payments such as common area maintenance and utilities. The following table represents lease costs and other lease information for the periods indicated: Year Ended December 31, 2019 (dollars in thousands) Lease Costs Operating lease cost $ 2,189 Variable lease cost 198 Short-term lease cost 20 Total lease costs $ 2,407 Other Information ROU asset impairment expense $ 1,207 Cash paid for amounts included in the measurement of lease liabilities 2,200 Maturities of lease liabilities for the periods indicated: Twelve Months Ended December 31, (dollars in thousands) 2020 $ 2,347 2021 2,210 2022 1,954 2023 649 2024 174 Thereafter — Total future minimum lease payments 7,334 Less: Imputed interest (263 ) Present value of net future minimum lease payments $ 7,071

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND OTHER INTANGIBLE ASSETS	GOODWILL AND OTHER INTANGIBLE ASSETS In connection with the acquisition of PCB, we recognized goodwill of $73.4 million and a core deposit intangible ("CDI") of $6.9 million on July 31, 2018. There were no changes in the carrying amount of goodwill during 2019 and 2018 . For the year ended December 31, 2019 and 2018 , we recognized CDI amortization of $848 thousand and $332 thousand . No impairment was recognized. The following table presents the changes in the carrying amount of goodwill for the years ended December 31, 2019 and 2018 : Year Ended December 31, 2019 2018 (dollars in thousands) Balance, beginning of period $ 73,425 $ — Goodwill recognized — 73,425 Balance, end of period $ 73,425 $ 73,425 Goodwill is tested for impairment no less than annually or more frequently when circumstances arise indicating impairment may have occurred. The Company evaluated goodwill for impairment and concluded there was no impairment as of year-end. The following table presents the changes in CDI for the years ended December 31, 2019 and 2018 : Year Ended December 31, 2019 2018 (dollars in thousands) Core deposit intangible: Gross balance, beginning of period $ 6,908 $ — Additions — 6,908 Gross balance, end of period $ 6,908 $ 6,908 Accumulated amortization: Balance, beginning of period $ (332 ) $ — Amortization (848 ) (332 ) Balance, end of period (1,180 ) (332 ) Net core deposit intangible, end of period $ 5,728 $ 6,576 The following table shows the estimated amortization expense for CDI for the periods indicated: (dollars in thousands) 2020 $ 771 2021 753 2022 732 2023 707 2024 678 Thereafter 2,087 $ 5,728

DEPOSITS

DEPOSITS	12 Months Ended
	Dec. 31, 2019
Banking and Thrift [Abstract]
DEPOSITS	DEPOSITS The Company’s ten largest depositor relationships represent approximately 28.2% and 25.2% of total deposits at December 31, 2019 and 2018 . Brokered non-maturity deposits totaled $48.1 million and $21.6 million at December 31, 2019 and 2018 . Brokered time deposits totaled $50.4 million and $53.4 million at December 31, 2019 and 2018 . Time deposits that exceeded the FDIC insurance limit of $250,000 amounted to $61.7 million and $109.4 million as of December 31, 2019 and 2018 . The Company participates 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 December 31, 2019 , total deposits from the State of California and other public agencies totaled $79.5 million , and are collateralized by letters of credit issued by the FHLB under the Bank's secured line of credit with the FHLB. See Note 10 – Borrowing Arrangements for additional information regarding the FHLB secured line of credit. At December 31, 2019 , the scheduled maturities of time deposits are as follows: (dollars in thousands) 2020 $ 137,939 2021 20,298 2022 10,057 2023 4,255 2024 209 Thereafter — Total $ 172,758

BORROWING ARRANGEMENTS

BORROWING ARRANGEMENTS	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
BORROWING ARRANGEMENTS	BORROWING ARRANGEMENTS Federal Home Loan Bank Secured Line of Credit At December 31, 2019 , the Bank had a secured line of credit of $407.3 million from the FHLB, of which $229.8 million was available. This secured borrowing arrangement is collateralized under a blanket lien and is subject to the Bank providing adequate collateral and continued compliance with the Advances and Security Agreement and other eligibility requirements established by the FHLB. At December 31, 2019 , the Bank had pledged $1.1 billion of loans under a blanket lien, of which $738.0 million was considered as eligible collateral under this borrowing agreement. The Bank had a short term fixed-rate advance of $60.0 million that matures in March 2020 with a weighted average interest rate of 1.72% at December 31, 2019 . In addition, the Bank also had a long term fixed-rate advance of $30.0 million that matures in June 2021 with a weighted average interest rate of 1.93% at December 31, 2019 . There were no overnight borrowings outstanding under this arrangement at December 31, 2019 . There were no fixed-rated term advances at December 31, 2018 . Overnight borrowings were $90.0 million with an interest of 2.56% at December 31, 2018 . The average balance of total FHLB borrowings was $49.3 million and $22.7 million with an average interest rate of 2.29% and 1.76% for the years ended December 31, 2019 and 2018 . In addition, at December 31, 2019 , the Bank used $87.5 million of its secured FHLB borrowing capacity by having the FHLB issue letters of credit to meet collateral requirements for deposits from the State of California and other public agencies. Federal Reserve Bank Secured Line of Credit At December 31, 2019 , the Bank had a secured line of credit of $177.1 million from the Federal Reserve Bank. During the third quarter of 2019, the Bank expanded its existing secured borrowing capacity with the Federal Reserve through the Borrower-in-Custody ("BIC") program. At December 31, 2019 , the Bank had pledged qualifying loans with an unpaid principal balance of $252.4 million and securities held-to-maturity with a carrying value of $5.1 million as collateral for this line of credit. Borrowings under the BIC program are overnight advances with interest chargeable at the Federal Reserve discount window ("Primary Credit") borrowing rate. There were no borrowings under this arrangement at or during the years ended December 31, 2019 and 2018 . Federal Funds Unsecured Lines of Credit The Bank has established unsecured overnight borrowing arrangements for an aggregate amount of $77.0 million , subject to availability, with five of its correspondent banks. In general, interest rates on these lines approximate the federal funds target rate. There were no overnight borrowings under these credit facilities at December 31, 2019 and $15.0 million at December 31, 2018 . The average borrowings were $631 thousand and $441 thousand with an average interest rate of 2.69% and 2.43% for the years ended December 31, 2019 and 2018 . Senior Secured Notes At December 31, 2019 , the holding company has a senior secured revolving line of credit for $25 million . This facility is secured by 100% of the common stock of the Bank. The outstanding balance under the facility totaled $9.6 million with an interest rate of 5.00% . At December 31, 2018 , the outstanding balance totaled $8.5 million with an interest rate of 5.75% . The average outstanding borrowings under this facility totaled $11.9 million and $4.5 million with an average interest rate of 5.68% and 5.46% for the years ended December 31, 2019 and 2018 . At December 31, 2019 , we were in compliance with all loan covenants on the facility and the remaining available credit was $15.4 million . One of our executives is also a member of the lending bank's Board of Directors. In December 2019, we extended the maturity date of this line of credit from December 22, 2019 to March 22, 2022. The interest rate decreased from Wall Street Journal Prime + 0.25% , floating to Wall Street Journal Prime, floating (effective January 2, 2020). At the same time, the debt covenants were updated and confirmed as follow s (i) Bank leverage ratio greater than or equal to 9.0% , (ii) Bank Tier 1 capital ratio greater than or equal to 11.0% and $150.0 million , (iii) Bank total capital ratio greater than or equal to 12.0% , (iv) Bank CET1 capital ratio greater than or equal to 11.0% , (v) Bank trailing twelve months return on average assets, excluding one-time expense related to the merger with PCB, greater than or equal to 1.0% , (vi) Bank classified assets to Tier 1 capital plus the allowance for loan losses of less than or equal to 35.0% , (vii) certain defined Bank liquidity ratios and (viii) specific maximum concentration levels for commercial real estate and construction and land development loans.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES 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 December 31, 2019 and 2018 . Income tax expense consists of the following: December 31, 2019 2018 (dollars in thousands) Current income tax expense Federal $ 6,290 $ 4,145 State 3,573 2,315 Total current income tax expense 9,863 6,460 Deferred income tax expense/(benefit) Federal 1,269 102 State 942 99 Change in Federal tax rate — (226 ) Total deferred income tax expense/(benefit) 2,211 (25 ) Total income tax expense $ 12,074 $ 6,435 The following is a summary of the components of the net deferred tax asset (liability) accounts at December 31, 2019 and 2018 : December 31, 2019 2018 (dollars in thousands) Deferred tax assets: Allowance for loan losses due to tax limitations $ 3,998 $ 2,935 Organizational expenses 197 251 State taxes 752 569 Non-qualified stock options 235 1,425 Restricted stock 383 359 Accrued expenses — 540 Depreciation differences 234 187 Unrecognized loss on securities available-for-sale 3 293 Fair value adjustment on acquired loans 2,350 3,970 Net operating losses 143 368 Other items 866 957 Total deferred tax assets 9,161 11,854 Deferred tax liabilities: Core deposit intangibles (1,693 ) (1,944 ) Deferred loan costs (1,246 ) (1,008 ) Other items (59 ) (236 ) Total deferred tax liabilities (2,998 ) (3,188 ) Deferred taxes, net $ 6,163 $ 8,666 A comparison of the federal statutory income tax rates to the Company’s effective income tax rates at December 31, 2019 and 2018 follows: 2019 2018 Amount Rate Amount Rate (dollars in thousands) Statutory Federal tax $ 8,384 21.0 % $ 4,538 21.0 % State franchise tax, net of Federal benefit 3,392 8.5 % 1,912 8.9 % Change in Federal tax rate — — % (226 ) (1.0 )% Nondeductible merger expenses — — % 168 0.8 % Other items, net 298 0.7 % 43 0.1 % Actual tax expense $ 12,074 30.2 % $ 6,435 29.8 % As of December 31, 2019 , the Company completed the accounting for the enactment of the comprehensive tax legislation commonly referred to as the Tax Cuts and Jobs Act (“Tax Act”). In accordance with SEC Staff Accounting Bulletin No. 118 ("SAB 118"), the Company performed an initial assessment and 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. As required by SAB 118, the Company continued to evaluate and re-measure the impact of the Tax Act on deferred tax amounts that existed at December 31, 2017 as new information concerning those deferred tax amounts became available during 2019 and 2018 . As a result, the Company recorded no additional income tax expense for the year ended December 31, 2019 , and tax benefit of $226.0 thousand for the year ended December 31, 2018 . For the years ended December 31, 2019 and 2018 , income tax expense was $12.1 million and $6.4 million resulting in an effective income tax rate of 30.2% and 29.8% . Our effective tax rate is slightly higher than the statutory rate of 29.6% for the year ended December 31, 2019 and 2018 due to the tax effect of stock-based compensation. Section 382 of the Internal Revenue Code imposes an annual limitation on a corporation’s ability to use any net unrealized built in losses and other tax attributes, such as net operating loss and tax credit carryforwards, when it undergoes a 50% ownership change over a designated testing period not to exceed three years . As a result of the acquisition of PCB, the Company has federal and California Section 382 limited net operating loss carryforwards of approximately $523 thousand and $385 thousand at December 31, 2019 , which are scheduled to expire in 2034. The federal and California net operating loss carryforwards are subject to annual limitations of $720 thousand and $1.2 million . The Company expects to fully utilize the federal and California net operating loss carryforwards before they expire with the application of the Section 382 annual limitation. The Company is subject to federal income and California franchise tax. As of December 31, 2019 , the federal statute of limitations for the assessment of income tax is closed for all tax years up to and including 2015. The California statute of limitations for the assessment of franchise tax is closed for all years up to and including 2014. The Company is currently not under examination in any taxing jurisdiction. A reconciliation of the beginning and ending amount of unrecognized tax benefits for the years ended December 31, 2019 and 2018 is as follows: December 31, 2019 2018 (dollars in thousands) Balance at January 1, $ 480 $ — Additional based on tax positions related to prior years — 480 Expiration of the statute of limitations (367 ) — Balance at December 31, $ 113 $ 480 The total amount of unrecognized tax benefits was $113 thousand and $480 thousand at December 31, 2019 and December 31, 2018, primarily comprised of unrecognized tax benefits from tax positions taken in prior years. The total amount of tax benefits that, if recognized, would favorably impact the effective tax rate was $0 at December 31, 2019 and 2018. We expect the total amount of unrecognized tax benefits to decrease by $113 thousand within the next twelve months due to the expiration of the statute of limitations for the assessment of taxes. We recognize interest and penalties related to unrecognized tax benefits in income tax expense. We had accrued $19 thousand and $59 thousand of interest at December 31, 2019 and 2018, respectively. No amounts for penalties were accrued.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS and CONTINGENCIES	COMMITMENTS and CONTINGENCIES In the ordinary course of business, the Company enters into financial commitments to meet the financing needs of its customers. These financial commitments include commitments to extend credit and standby letters of credit. Those instruments involve, to varying degrees, elements of credit and interest rate risk not recognized in the 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. The following table set forth the commitments and letters of credit as of the periods indicated: December 31, 2019 2018 (dollars in thousands) Commitments to extend credit $ 376,879 $ 375,755 Standby letters of credit 7,616 4,019 Commitments to contribute capital to low income housing tax credit projects 1,738 — Commitments to contribute capital to other CRA equity investments 236 385 Total $ 386,469 $ 380,159 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 does 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 $1.2 million and $1.4 million at December 31, 2019 and 2018 . In connection with the acquisition of PCB in 2018 , the Company established a $370 thousand liability representing the fair value of a reserve for the acquired PCB unfunded commitments at the date of acquisition. The reserve for unfunded commitments is included in "other liabilities" in the consolidated balance sheets. We committed to invest in a partnership that sponsors affordable housing projects utilizing the Low Income Housing Tax Credit ("LIHTC") pursuant to Section 42 of the Internal Revenue Code. The purpose of this investment is to achieve a satisfactory return on capital, to facilitate the sale of additional affordable housing projects, and to assist in achieving goals associated with the Community Reinvestment Act ("CRA"). Capital contributions are called for up to an amount specified in the partnership agreement. In addition, we invest in other CRA investments such as the Small Business Investment Company ("SBIC") program. At December 31, 2019 and 2018 , the Company had unfunded commitments to contribute capital to these LIHTC investments and other CRA investments totaling $2.0 million and $385 thousand . In the normal course of business, we are named or threatened to be named as a defendant in various lawsuits. We are from time to time engaged in various litigation matters including the defense of claims of improper or fraudulent loan practices or lending violations, and other matters, and we have a number of unresolved claims pending. In addition, as part of the ordinary course of business, we are parties to litigation involving claims to the ownership of funds in particular accounts, the collection of delinquent accounts, challenges to security interests in collateral, and foreclosure interests that are incidental to our regular business activities. While the ultimate liability with respect to these other litigation matters and claims cannot be determined at this time, we believe that damages, if any, and other amounts relating to pending matters are not likely to be material to our consolidated financial condition or consolidated results of operations.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2019
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS In the ordinary course of business, we may grant loans to certain executive officers and directors and the companies with which they are associated. There are no related party loans for the years ended December 31, 2019 and 2018 . Deposits from certain officers and directors and the companies with which they are associated totaled $35.0 million and $33.2 million at December 31, 2019 and 2018 . We have a $25.0 million senior secured facility and $20.0 million federal funds unsecured line of credit (refer to Note 10 - Borrowing Arrangements ) with a correspondent bank in which one of our executives is also a member of the correspondent bank’s Board of Directors. The outstanding balance of the senior secured facility was $9.6 million and there was no borrowing under the unsecured line of credit at December 31, 2019 . We maintain a correspondent deposit relationship with the bank, and had deposits of $1.4 million and $650 thousand at December 31, 2019 and 2018 . We have stock invested in the correspondent bank which totaled $102 thousand at December 31, 2019 and 2018 . In addition, we have loan participation agreements where we may participate out a portion of loans to the correspondent bank. The total participated loan balance was $16.3 million and $29.5 million at December 31, 2019 and 2018 .

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	12 Months Ended
	Dec. 31, 2019
Share-based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION	STOCK-BASED COMPENSATION The Company’s 2013 Omnibus Stock Incentive Plan (“2013 Plan”) was approved by shareholders in May 2013. The 2013 Plan permits the granting of nonqualified and incentive stock options, stock appreciation rights (“SARs”), restricted shares, deferred shares, performance shares and performance unit awards. 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 provides that the total number of awards of common stock that may be issued over the term of the plan shall not exceed 1,390,620 shares, of which a maximum of 300,000 shares may be granted as incentive stock options. Stock options, SARs, performance share and unit awards are granted at a price not 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. In connection with the PCB acquisition in 2018 , we issued replacement stock options exercisable for 420,393 shares of our common stock in cancellation of PCB stock options with an aggregate fair value of $7.4 million to PCB directors, officers and employees, which we refer to as rollover stock options. The remaining term on the rollover stock options ranges from 30 days to 7.6 years . Refer to Note - 2 Business Combination for additional information. The Company recognized stock-based compensation expense of $1.9 million and $1.7 million for the years ended December 31, 2019 and 2018 . A summary of activity in the Company’s outstanding stock options during the years ended December 31, 2019 and 2018 are as follows: Year Ended December 31, 2019 2018 Shares Weighted Shares Weighted Outstanding, beginning of period 383,212 $ 10.44 65,978 $ 10.17 Rollover options (1) — — 420,393 10.60 Exercised (245,295 ) 10.57 (103,159 ) 10.93 Granted — — — — Forfeited (386 ) 12.94 — — Outstanding, end of period 137,531 $ 10.20 383,212 $ 10.44 Options exercisable 137,531 $ 10.20 381,048 $ 10.43 (1) Amounts relate to rollover stock options issued to PCB directors, officers and employees in connection with the PCB acquisition and are exercisable into shares of the Company's common stock. As of December 31, 2019 , there was no unrecognized compensation cost related to the outstanding stock options. The intrinsic value of options exercised during the years ended December 31, 2019 and 2018 was approximately $2.7 million and $1.5 million . Cash proceeds from stock option exercises totaled $2.6 million and $1.1 million for the years ended December 31, 2019 and 2018 . The weighted average of the remaining contractual terms of options outstanding and options exercisable were 3.9 years at December 31, 2019 and 2.2 years at December 31, 2018 . The aggregate intrinsic value of the options outstanding and options exercisable were each $2.3 million at December 31, 2019 compared to an aggregate intrinsic value of options outstanding of $4.6 million at December 31, 2018 . A summary of the outstanding restricted shares activity for the years ended December 31, 2019 and 2018 is presented in the following table: Year Ended December 31, 2019 2018 Shares Weighted Shares Weighted Nonvested, beginning of period 84,120 $ 23.90 142,553 $ 20.28 Granted 117,970 22.19 31,873 26.60 Vested (70,090 ) 23.39 (83,115 ) 22.46 Forfeited (18,365 ) 23.50 (7,191 ) 20.62 Nonvested, end of period 113,635 $ 22.50 84,120 $ 23.90 As of December 31, 2019 , there was approximately $851 thousand of total unrecognized compensation cost related to the restricted shares that will be recognized over the weighted-average period of 3.1 years . The value of restricted shares that vested was approximately $1.6 million and $2.1 million for the years ended December 31, 2019 and 2018 .

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
	Dec. 31, 2019
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE Earnings per share (“EPS”) is 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 nonvested 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 nonvested 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 net income per share. The following is a reconciliation of net income and shares outstanding used in the computation of basic and diluted EPS: Year Ended December 31, 2019 2018 Numerator for basic net income per share: (dollars in thousands, except share data) Net income $ 27,848 $ 15,130 Less: dividends and net income allocated to participating securities (278 ) (134 ) Net income available to common shareholders $ 27,570 $ 14,996 Denominator for basic net income per share: Basic weighted average common shares outstanding during the period 11,586,651 9,015,203 Denominator for diluted net income per share: Basic weighted average common shares outstanding during the period 11,586,651 9,015,203 Net effect of dilutive stock options 100,438 128,039 Diluted weighted average common shares 11,687,089 9,143,242 Net income per common share: Basic $ 2.38 $ 1.66 Diluted $ 2.36 $ 1.64

RETIREMENT SAVINGS PLAN

RETIREMENT SAVINGS PLAN	12 Months Ended
	Dec. 31, 2019
Retirement Benefits [Abstract]
RETIREMENT SAVINGS PLAN	RETIREMENT SAVINGS PLAN The Company has adopted a 401(k) profit sharing plan (the “401K Plan”) covering employees meeting certain eligibility requirements as to minimum age and a certain number of hours of employment. Employees may make voluntary contributions to the 401K Plan through payroll deductions on a pre-tax and/or post-tax basis. Employees may defer up to 96% of their annual compensation, not to exceed the maximum contribution dollar limit imposed by the Internal Revenue Code. The Company makes matching contributions under a prescribed formula set forth in the 401K Plan. A participant’s account under the plan, together with investment earnings thereon, is normally distributable, following retirement, death, disability, or other termination of employment, in a single lump-sum payment. The Company made contributions of $593 thousand and $401 thousand during the years ended December 31, 2019 and 2018 .

REGULATORY MATTERS

REGULATORY MATTERS	12 Months Ended
	Dec. 31, 2019
Banking and Thrift [Abstract]
REGULATORY MATTERS	REGULATORY MATTERS The Bank is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Bank’s and the Company’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the Bank’s assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. In July 2013, the federal bank regulatory agencies approved the final rules implementing the Basel Committee on Banking Supervision’s capital guidelines for U.S. banks, “Basel III rules”. The new rules became effective on January 1, 2015, with certain requirements phased-in over a multi-year schedule, and fully phased in by January 1, 2019. Under the Basel III rules, the Company must hold a capital conservation buffer above the adequately capitalized risk-based capital ratios in order to avoid limitations on paying dividends, repurchasing shares, and paying discretionary bonuses. The capital conservation buffer was being phased in from 0.0% for 2015 to 2.50% by January 1, 2019. The capital conservation buffer required by Basel III was 2.5% during 2019. The Bank’s capital conservation buffer was 6.03% at December 31, 2019 . The Company made an election in accordance with Basel III such that net unrealized gain or loss on available-for-sale securities is not included in computing regulatory capital. Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios of total, Tier 1 and CET1 capital (as defined in the regulations) to risk-weighted assets (as defined), and of Tier 1 capital (as defined) to average assets (as defined). As of December 31, 2019 , the Bank meets all capital adequacy requirements to which it is subject. As of December 31, 2019 and 2018 , the most recent notification from the FDIC categorized the Bank as well-capitalized under the regulatory framework for prompt corrective action (there are no conditions or events since that notification that management believes have changed the Bank’s category). The following table sets forth the actual capital amounts and ratios for the Bank and the minimum ratio and amount of capital required to be categorized as well-capitalized and adequately capitalized as of the dates indicated: Amount of Capital Required Actual For Capital Adequacy Purposes For Well Capitalized Requirement Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) December 31, 2019 Total Capital (to Risk-Weighted Assets) $ 208,233 14.03 % $ 118,750 8.00 % $ 148,438 10.00 % Tier 1 Capital (to Risk-Weighted Assets) $ 193,536 13.04 % $ 89,063 6.00 % $ 118,750 8.00 % CET1 Capital (to Risk-Weighted Assets) $ 193,536 13.04 % $ 66,797 4.50 % $ 96,485 6.50 % Tier 1 Capital (to Average Assets) $ 193,536 12.01 % $ 64,437 4.00 % $ 80,546 5.00 % December 31, 2018 Total Capital (to Risk-Weighted Assets) $ 191,045 14.18 % $ 107,801 8.00 % $ 134,751 10.00 % Tier 1 Capital (to Risk-Weighted Assets) $ 178,614 13.26 % $ 80,851 6.00 % $ 107,801 8.00 % CET1 Capital (to Risk-Weighted Assets) $ 178,614 13.26 % $ 60,638 4.50 % $ 87,588 6.50 % Tier 1 Capital (to Average Assets) $ 178,614 12.03 % $ 62,546 4.00 % $ 78,182 5.00 % The primary source of funds for the Company is dividends from the Bank. Under the California Financial Code, the Bank is permitted to pay a dividend in the following circumstances: (i) without the consent of either the California Department of Business Oversight ("DBO") or the Bank's shareholders, in an amount not exceeding the lesser of (a) the retained earnings of the Bank; or (b) the net income of the Bank for its last three fiscal years, less the amount of any distributions made during the prior period; (ii) with the prior approval of the DBO, in an amount not exceeding the greatest of: (a) the retained earnings of the Bank; (b) the net income of the Bank for its last fiscal year; or (c) the net income for the Bank for its current fiscal year; and (iii) with the prior approval of the DBO and the Bank's shareholders in connection with a reduction of its contributed capital. The Federal Reserve limits the amount of dividends that bank holding companies may pay on common stock to income available over the past year, and only if prospective earnings retention is consistent with the organization’s expected future needs and financial condition. It is also the Federal Reserve’s policy that bank holding companies should not maintain dividend levels that undermine their ability to be a source of strength to its banking subsidiaries. Additionally, in consideration of the current financial and economic environment, the Federal Reserve has indicated that bank holding companies should carefully review their dividend policies. At December 31, 2019 , we qualify for treatment under the Small Bank Holding Company Policy Statement (Regulation Y, Appendix C) and, therefore, are not subject to consolidated capital rules at the bank holding company level. On May 24, 2018, the Economic Growth, Regulatory Relief and Consumer Protection Act (the “Relief Act”) was signed into law. Among the Relief Act's key provisions are targeted tailoring measures to reduce the regulatory burden on community banks, including increasing the threshold for institutions qualifying for relief under the Policy Statement from $1 billion to $3 billion.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	Dec. 31, 2019
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS The fair value of a financial instrument is the amount at which the asset or obligation could be exchanged in a current transaction between willing parties (exit price), 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 of financial instruments 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 significant effect on fair value estimates and have not been considered in many of the estimates. The methods and assumptions used to estimate the fair value of certain financial instruments are described below: Cash and Cash Equivalents. The carrying amounts of cash and short-term instruments approximate fair values because of the liquidity of these instruments. Interest Bearing Deposits at Other Banks. The carrying amount is assumed to be the fair value given the short-term nature of these deposits. 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. 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. Equity Securities with Readily Determinable Fair Values. 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 estimates the fair values by using independent pricing models, quoted prices of securities with similar characteristics, or discounted cash flows. Federal Home Loan Bank Stock and Other Bank Stock. Investments in FHLB stock are recorded at cost and measured for impairment. Ownership of FHLB stock is restricted to member banks and the securities do not have a readily determinable market value. Purchases and sales of these securities are at par value with the issuer. The fair value of investments in FHLB stock and other bank stock is equal to the carrying amount. Servicing Asset. The fair value of servicing assets is based, in part, by third-party valuations that project estimated future cash inflows that include servicing fees and outflows that include market rates for costs of servicing. Deposits. The fair values disclosed for demand deposits, including interest and non-interest demand accounts, savings, and certain types of money market accounts are, by definition based on carrying value. Fair value for fixed-rate certificates of deposit is estimated using a discounted cash flow calculation that applies interest rates currently being offered on certificates to a schedule of aggregate expected monthly maturities on time deposits. Early withdrawal of fixed-rate certificates of deposit is not expected to be significant. Federal Home Loan Bank Borrowings. The fair values of the Company’s overnight borrowings from Federal Home Loan Bank approximates their carrying value as the advances were recently borrowed at market rate. The fair value of fixed-rated term borrowings is estimated using a discounted cash flow through the remaining maturity dates based on the current borrowing rates for similar types of borrowing arrangements. Senior Secured Notes. The fair value of the senior secured notes approximates carrying value as the note was recently borrowed at a variable market rate. Accrued Interest Receivable and Payable. The fair value of accrued interest receivable and payable approximates their carrying amounts. Off-Balance Sheet Financial Instruments. The fair value of commitments to extend credit and standby letters of credit is estimated using the fees currently charged to enter into similar agreements. The fair value of these financial instruments is not material. The fair value hierarchy level and estimated fair value of significant financial instruments at December 31, 2019 and 2018 are presented in the table below: December 31, 2019 December 31, 2018 Fair Value Carrying Fair Carrying Fair Financial Assets: (dollars in thousands) Cash and cash equivalents Level 1 $ 161,801 $ 161,801 $ 197,376 $ 197,376 Securities available-for-sale Level 2 26,653 26,653 29,543 29,543 Securities held-to-maturity Level 2 5,056 5,077 5,322 5,095 Equity securities Level 1 2,694 2,694 2,538 2,538 Loans held for sale Level 2 7,659 8,420 28,022 29,238 Loan held for investment, net Level 3 1,361,153 1,393,282 1,239,925 1,265,013 Restricted stock investments, at cost Level 2 12,986 12,986 12,855 12,855 Servicing asset Level 3 3,202 3,246 3,186 3,295 Accrued interest receivable Level 2 5,451 5,451 5,069 5,069 Financial Liabilities: Deposits Level 2 $ 1,313,693 $ 1,316,287 $ 1,252,339 $ 1,250,555 Borrowings Level 2 90,000 91,029 104,998 104,998 Senior secured notes Level 2 9,600 9,600 8,450 8,450 Accrued interest payable Level 2 203 203 366 366 Recurring fair value measurements 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 December 31, 2019 and 2018 : Recurring Fair Value Measurements Level 1 Level 2 Level 3 Total December 31, 2019: (dollars in thousands) Securities available-for-sale: Mortgage-backed securities $ — $ 7,431 $ — $ 7,431 Collateralized mortgage obligations — 10,598 — 10,598 SBA Pools — 8,624 — 8,624 Securities available-for-sale $ — $ 26,653 $ — $ 26,653 Equity securities: Mutual fund investment $ 2,694 $ — $ — $ 2,694 December 31, 2018: Securities available-for-sale: Mortgage-backed securities $ — $ 8,844 $ — $ 8,844 Collateralized mortgage obligations — 11,461 — 11,461 SBA Pools — 9,238 — 9,238 Securities available-for-sale $ — $ 29,543 $ — $ 29,543 Equity securities: Mutual fund investment $ 2,538 $ — $ — $ 2,538 There were no transfers of financial assets between Levels 1, 2 and 3 for the years ended December 31, 2019 and 2018 . Nonrecurring fair value measurements 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 December 31, 2019 and 2018 , the fair value measurements (Level 3) related to collateral dependent impaired loans totaled $3.6 million and $690 thousand . During the years ended December 31, 2019 and 2018 , total nonrecurring losses (which include charge-offs, net of recoveries and changes in specific reserves) recognized were $1.2 million and $591 thousand for the impaired loans at December 31, 2019 and 2018 . We utilized selling costs ranging from 8% to 10% of appraised values for nonrecurring fair value measurements related to collateral-dependent impaired loans during the years ended December 31, 2019 and 2018 . For nonrecurring fair value measurements related to non-collateral dependent impaired loans during the years ended December 31, 2019 and 2018 the entire balances were substantially charged-off.

REVENUE RECOGNITION

REVENUE RECOGNITION	12 Months Ended
	Dec. 31, 2019
Revenue from Contract with Customer [Abstract]
REVENUE RECOGNITION	REVENUE RECOGNITION The following is a summary of revenue from contracts with customers that are in-scope and not in-scope under Topic 606: Year Ended December 31, 2019 2018 (dollars in thousands) Noninterest income, in-scope: Service charges and fees on deposit accounts $ 1,942 $ 1,241 Other income 181 114 Total noninterest income, in-scope 2,123 1,355 Noninterest income, not in-scope: Gain on sale of loans 3,674 1,505 Net servicing fees 850 509 Change in fair value of equity securities 82 (120 ) Other income 971 361 Total noninterest income, not in-scope 5,577 2,255 Total noninterest income $ 7,700 $ 3,610

CONDENSED FINANCIAL INFORMATION

CONDENSED FINANCIAL INFORMATION (PARENT COMPANY ONLY)	12 Months Ended
	Dec. 31, 2019
Condensed Financial Information Disclosure [Abstract]
CONDENSED FINANCIAL INFORMATION (PARENT COMPANY ONLY)	CONDENSED FINANCIAL INFORMATION (PARENT COMPANY ONLY) The following tables present the parent company only condensed balance sheets as of December 31, 2019 and 2018 and the related condensed statements of income and condensed statements of cash flows for the years ended December 31, 2019 and 2018 . Condensed Balance Sheets December 31, 2019 2018 (dollars in thousands) ASSETS Cash and cash equivalents $ 337 $ 173 Investment in Bank subsidiary 271,189 256,330 Taxes receivable — 36 Other assets 21 43 TOTAL ASSETS $ 271,547 $ 256,582 LIABILITIES AND SHAREHOLDERS’ EQUITY Accrued expenses $ 13 $ 48 Taxes payable 129 — Intercompany payable — 15 Senior secured notes 9,600 8,450 Total liabilities 9,742 8,513 Shareholders’ equity: Preferred stock — — Common stock 216,398 217,514 Additional paid-in capital 3,493 7,269 Retained earnings 41,920 23,985 Accumulated other comprehensive loss (6 ) (699 ) Total shareholders’ equity 261,805 248,069 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 271,547 $ 256,582 Condensed Statements of Income Year Ended December 31, 2019 2018 (dollars in thousands) Income: Dividends from Bank subsidiary $ 19,000 $ — Expense: Interest expense 678 248 Salaries and employee benefits 261 208 Professional fees 136 322 Data processing 28 37 Merger, integration and public company registration costs — 126 Other expenses 190 215 Total expense $ 1,293 $ 1,156 Income (loss) before income taxes and equity in undistributed earnings of Bank subsidiary 17,707 (1,156 ) Income tax benefit (383 ) (306 ) Income (loss) before equity in undistributed earnings of Bank subsidiary $ 18,090 $ (850 ) Equity in undistributed earnings of Bank subsidiary 9,758 15,980 Net income $ 27,848 $ 15,130 Condensed Statements of Cash Flows Year Ended December 31, 2019 2018 (dollars in thousands) OPERATING ACTIVITIES Net income $ 27,848 $ 15,130 Adjustments to reconcile net income to net cash used in operating activities: Equity in undistributed earnings of Bank subsidiary (9,758 ) (15,980 ) Changes in other asset and liabilities: Taxes receivable 164 99 Accrued expenses (35 ) (30 ) Intercompany payable — 7 Other items, net (2,451 ) (29 ) Net cash provided by (used in) operating activities 15,768 (803 ) INVESTING ACTIVITIES Acquisition of business, net of cash acquired — 325 Net cash provided in investing activities — 325 FINANCING ACTIVITIES Advances from senior secured notes 1,150 8,100 Dividends paid (9,927 ) (7,584 ) Repurchase of shares (9,420 ) (1,100 ) Proceeds from exercise of stock options 2,593 1,128 Net cash (used in) provided by financing activities (15,604 ) 544 Net change in cash and cash equivalents 164 66 Cash and cash equivalents, beginning of period 173 107 Cash and cash equivalents, end of period $ 337 $ 173

EQUITY

EQUITY	12 Months Ended
	Dec. 31, 2019
Equity [Abstract]
EQUITY	EQUITY Dividends Quarterly cash dividends declared were $0.25 and $0.20 per share during the fourth quarter of 2019 and 2018, aggregating to $0.85 and $0.80 per share for the years ended December 31, 2019 and 2018 . Total cash dividends paid during the years ended December 31, 2019 and 2018 were $9.9 million and $7.6 million . Stock Repurchase Plan On December 3, 2018, the Company announced a stock repurchase plan, providing for the repurchase of up to 1.2 million shares of the Company’s outstanding common stock, or approximately 10% of its then outstanding shares (the "repurchase plan"). The repurchase plan permits shares to be repurchased in open market or private transactions, through block trades, and pursuant to any trading plan that may be adopted in accordance with Rules 10b5-1 and 10b-18 of the SEC. The repurchase plan may be suspended, terminated or modified at any time for any reason, including market conditions, the cost of repurchasing shares, the availability of tentative investment opportunities, liquidity, and other factors deemed appropriate. These factors may also affect the timing and amount of share repurchases. The repurchase plan does not obligate the Company to purchase any particular number of shares. During the fourth quarter of 2019, the Company repurchased 13,547 shares of its common stock at an average price of $22.80 and a total cost of $309 thousand under the repurchase program. For the year ended December 31, 2019 , the Company repurchased 429,817 shares at an average price of $21.64 and a total cost of $9.3 million . The remaining number of shares authorized to be repurchased under this program was 733,900 shares at December 31, 2019 .

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2019
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS On February 6, 2020 , the Company declared a $0.25 cash dividend payable on March 5, 2020 to shareholders of record as of February 20, 2020 . From January 1, 2020 through March 13, 2020 , the Company repurchased 36,008 shares of its common stock at an average price of $22.60 and a total cost of $814 thousand under the repurchase program. The remaining number of shares authorized to be repurchased under this program was 697,892 shares at March 13, 2020 .

BASIS OF PRESENTATION AND SUM_2

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements include the accounts of the Company, and its wholly-owned subsidiary, First Choice Bank, and have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). All significant intercompany balances and transactions have been eliminated in consolidation.
Use of Estimates in the Preparation of Consolidated Financial Statements	Use of Estimates in the Preparation of Consolidated Financial Statements The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change are the determination of the allowance for loan losses, the valuation of acquired loans, the valuation of goodwill and separately identifiable intangible assets associated with mergers and acquisitions and the valuation of deferred tax assets.
Accounting Standards Adopted in 2019 and Recent Accounting Guidance Not Yet Effective	Accounting Standards Adopted in 2019 The Company adopted ASU 2016-02, Leases (Topic 842) and ASU 2018-11, Leases (Topic 842): Targeted Improvements, referred to herein as Topic 842, effective January 1, 2019. The new guidance establishes the principles to report transparent and economically neutral information about the assets and liabilities that arise from leases. Entities are required to recognize ROU 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. Under the amendments in ASU 2018-11, entities may elect not to recast the comparative periods presented when transitioning to the new leasing standard. Upon adoption, the Company elected to use the modified retrospective transition approach and recorded ROU assets of $6.0 million and lease liabilities of $6.1 million at the date of adoption with no adjustment to opening equity. The Company elected to apply the package of practical expedients which permits entities to not reassess: (i) whether any expired or existing contracts contain a lease; (ii) lease classification for any expired or existing leases; and (iii) whether initial direct costs for any existing leases qualify for capitalization under the amended guidance. The Company also elected not to include short-term leases (leases with initial terms of 12 months or less) in the consolidated balance sheets. Recent Accounting Guidance Not Yet Effective In June 2016, the FASB issued ASU 2016-13, Financial Instruments—Credit Losses (Topic 326) (“ASU 2016-13”), also known as "CECL". This guidance will replace the incurred loss impairment methodology used to estimate the allowance for credit losses in current GAAP with a methodology that reflects future expected credit losses and requires consideration of a broader range of reasonable and supportable forecasts in the credit loss estimates. On October 16, 2019, the FASB delayed the effective date of ASU 2016-13 for smaller reporting companies, private companies and other non-SEC filers. The Company is considered a smaller reporting company. Therefore, this ASU will be effective for the Company on January 1, 2023 with early adoption permitted. Management continues to have a cross functional committee in place to oversee the project, has selected software to implement the new guidance, and has engaged an existing third-party service provider to assist in implementation. The Company has completed data gap analyses, developed initial modeling assumptions, and run a high level sensitivity analysis. The Company expects to run parallel calculations, testing, and further sensitivity analysis beginning in the first quarter of 2020. The Company has not yet determined the potential impact of the adoption of ASU 2016-13 to the consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-04, Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment ("ASU 2017-04"). ASU 2017-04 simplifies how an entity is required to test goodwill for impairment by eliminating Step 2 from the current goodwill impairment test. Step 2 currently measures a goodwill impairment loss by comparing the implied fair value of a reporting unit’s goodwill with the carrying amount of that goodwill. Instead, under the amendments in ASU 2017-04, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. On October 16, 2019, the FASB delayed the effective date of ASU 2017-04 for smaller reporting companies, private companies and other non-SEC filers. We are considered a smaller reporting company. Therefore, this ASU will be effective for the Company on January 1, 2023. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The adoption of ASU 2017-04 is not expected to have a material impact to the Company's consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework- Changes to the Disclosure Requirements for Fair Value Measurement ("ASU 2018-13"). The primary objective of ASU 2018-13 is to improve the effectiveness of disclosures in the notes to financial statements. ASU 2018-13 is effective for interim and annual reporting periods beginning after December 15, 2019, although early adoption is permitted. The Company will adopt this guidance on January 1, 2020. The adoption of ASU 2018-13 is not expected to have a material impact to the Company's consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-15, Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract (a consensus of the FASB Emerging Issues Task Force) ("ASU 2018-15"). ASU 2018-15 aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal use software license). ASU 2018-15 will be effective on January 1, 2020, including interim periods within the years of adoption although early adoption is permitted. The adoption of ASU 2018-15 is not expected to have a material impact to the Company's consolidated financial statements. In May 2019, the FASB issued ASU 2019-05, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instrument (ASU 2019-05). The amendments in this Update provide entities with transition relief upon the adoption of ASU 2016-13 by providing an option to elect the fair value option on certain financial instruments measured at amortized cost. This ASU will be effective upon adoption of ASU 2016-13 (Topic 326). The Company plans to adopt this guidance with ASU 2016-13 (Topic 326) on January 1, 2023. The Company has not yet determined the potential impact of the adoption of ASU 2019-05 to the consolidated financial statements. In November 2019, the FASB issued ASU 2019-11, Codification Improvements to Financial Instruments - Credit Losses (Topic 326) . The amendments in this Update clarify certain aspects of Topic 326 guidance issued in ASU 2016-13 including guidance providing transition relief for troubled debt restructurings ("TDRs"). This ASU will be effective upon adoption of ASU 2016-13 (Topic 326). The Company plans to adopt this guidance with ASU 2016-13 (Topic 326) on January 1, 2023. The Company has not yet determined the potential impact of the adoption of ASU 2019-11 to the consolidated financial statements. In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (ASU 2019-12). The amendments in this Update simplify the accounting for income taxes by removing certain exceptions for investments, intraperiod allocations, and interim calculations, and add guidance to reduce the complexity of applying Topic 740. This ASU will be effective for fiscal years after December, 31, 2020. The Company plans to adopt this guidance on January 1, 2021. The adoption of ASU 2019-12 is not expected to have a material impact to the Company's consolidated financial statements.
Cash and Cash Equivalents	Cash and Cash Equivalents For purposes of reporting cash flows, cash and cash equivalents include cash, due from banks, interest-bearing deposits at other banks with original maturities of less than 90 days, federal funds sold and securities purchased under agreements to resell. Generally, federal funds are sold for one-day periods.
Investment and Equity Securities with Readily Determinable Fair Value and Restricted Stock and Equity Investments	Investments and Equity Securities with Readily Determinable Fair Values Investments held-to-maturity. Investments in debt securities, such as bonds, notes, and debentures, are classified as held-to-maturity and reported at cost, adjusted for premiums and discounts, when management has the positive intent and ability to hold such investments to maturity. Premiums or discounts on held-to-maturity investments are amortized or accreted into interest income using the interest method. Investments available-for-sale. Investments in debt securities not classified as trading securities nor as held-to-maturity are classified as available-for-sale investments and recorded at fair value. Unrealized gains or losses on available-for-sale investments are excluded from net income and reported as an amount net of taxes as a separate component of accumulated other comprehensive income (“AOCI”) included in shareholders’ equity. Premiums or discounts on available-for-sale investments are amortized or accreted into interest income using the interest method. Realized gains or losses on sales of available-for-sale investments are recorded using the specific identification method. Management evaluates securities for other-than-temporary impairment (“OTTI”) on a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. For securities in an unrealized loss position, management considers the extent and duration of the unrealized loss, and the consolidated financial condition and near-term prospects of the issuer. Management also assesses whether (i) it has the intent to sell, or (ii) it is more likely than not that it will be required to sell the security in an unrealized loss position before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the entire difference between amortized cost and fair value is recognized as an impairment charge to earnings. Equity securities. With the adoption of ASU 2016-01 on January 1, 2018, equity investments with a readily determinable fair value are measured at fair value at the end of each reporting period and changes in fair value are recognized in net income as a component of other noninterest income. Upon adoption of ASU 2016-01, the Company recorded a transition adjustment to reclassify $24 thousand in net unrealized losses from AOCI to retained earnings. Restricted Stock and Equity Investments Restricted stock investments are comprised of Federal Home Loan Bank (“FHLB”) stock and Federal Reserve stock, and are required investments based on the level of the Bank's assets, capital and/or capital surplus. FHLB and Federal Reserve stocks are carried at cost and periodically evaluated for impairment. There is no readily determinable fair value for these stocks as they have no quoted market value, they are a required investment and they are expected to be redeemed at par value. Both cash and stock dividends are reported as a component of interest and dividend income. The Bank also has restricted securities in the form of capital stock invested in two different banker’s bank stocks (collectively "Other Bank Stocks") and other qualified CRA equity investments. These investments do not have a readily determinable fair value, and in accordance with ASU 2016-01, they are measured at cost less 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 through earnings, with related disclosures to be made. These investments are included in other assets in the accompanying consolidated balance sheets .
Loan Held For Sale	Loan Held for Sale Loans originated and intended for sale in the secondary market are carried at the lower of cost or estimated market value in the aggregate. Net unrealized losses are recognized through a valuation allowance by charges to income. Gains and losses on the sale of loans are recognized pursuant to ASC 860, Transfers and Servicing. Interest income on these loans is accrued daily. Loan origination fees and costs are deferred and included in the cost basis of the loan held for sale. Gains or losses realized on the sales of loans are recognized at the time of sale and are determined by the difference between the net sales proceeds and the carrying value of the loans sold, adjusted for any retained servicing asset or liability. Gains and losses on sales of loans are included in noninterest income.
Loans Held for Investment	Loans Held for Investment Loans receivable that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at their outstanding unpaid principal balances reduced by any charge-offs and net of deferred loan origination fees and costs, or unamortized premiums or discounts on purchased loans. Loan origination fees and certain direct origination costs are capitalized and recognized as an adjustment of the yield using the effective interest method or straight-line method over the contractual life of the loans or taken into interest income when the related loans are paid off or sold. Amortization of deferred loan origination fees and costs are discontinued when a loan is placed on nonaccrual status. Unamortized premiums or discounts on purchased loans are amortized or accreted to interest income using the effective interest method or straight-line method over the remaining period to contractual maturity. Interest income is recorded on an accrual basis in accordance with the terms of the respective loan. When a loan is placed on nonaccrual status, interest income is discontinued and all unpaid accrued interest is reversed against interest income. Loans on which the accrual of interest has been discontinued are designated as nonaccrual loans. The accrual of interest on loans is discontinued when principal or interest is past due 90 days based on the contractual terms of the loan or when, in the opinion of management, there is reasonable doubt as to collectability. When loans are placed on nonaccrual status, all interest previously accrued but not collected is reversed against current period interest income. Income on nonaccrual loans is subsequently recognized only to the extent that cash is received and the loan’s principal balance is deemed collectible. Interest accruals are resumed on such loans only when they are brought current with respect to interest and principal and when, in the judgment of management, the loans are estimated to be fully collectible as to all principal and interest. Impaired loans. A loan is considered impaired when it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. Impaired loans include loans on nonaccrual status and performing troubled debt restructured loans. Income from impaired loans is recognized on an accrual basis unless the loan is on nonaccrual status. Income from loans on nonaccrual status is recognized to the extent cash is received and when the loan’s principal balance is deemed collectible. The Company measures impairment of a loan by using the estimated fair value of the collateral, less estimated costs to sell and other applicable costs, if the loan is collateral-dependent and the present value of the expected future cash flows discounted at the loan’s effective interest rate if the loan is not collateral-dependent. The impairment amount on a collateral-dependent loan is charged-off, and the impairment amount on a loan that is not collateral-dependent is generally recorded as a specific reserve. Troubled debt restructurings. A loan is classified as a troubled debt restructuring when the Company grants a concession to a borrower experiencing financial difficulties that it otherwise would not consider under our normal lending policies. These concessions may include a reduction of the interest rate, principal or accrued interest, extension of the maturity date or other actions intended to minimize potential losses. All modifications of criticized loans are evaluated to determine whether such modifications are troubled debt restructurings as outlined under ASC Subtopic 310-40, Troubled Debt Restructurings by Creditors . Loans restructured with an interest rate equal to or greater than that of a new loan with comparable market risk at the time the loan is modified may be excluded from certain restructured loan disclosures in years subsequent to the restructuring if the loans are in compliance with their modified terms. A loan that has been placed on nonaccrual status that is subsequently restructured will usually remain on nonaccrual status until the borrower is able to demonstrate repayment performance in compliance with the restructured terms for a sustained period of time, typically for six months. A restructured loan may return to accrual status sooner based on other significant events or mitigating circumstances. A loan that has not been placed on nonaccrual status may be restructured and such loan may remain on accrual status after such restructuring. In these circumstances, the borrower has made payments before and after the restructuring. Generally, this restructuring involves maturity extensions, a reduction in the loan interest rate and/or a change to interest-only payments for a period of time. The restructured loan is considered impaired despite the accrual status and a specific reserve is calculated based on the present value of expected cash flows discounted at the loan’s original effective interest rate or based on the fair value of the collateral if the loan is collateral-dependent.
Purchased Credit-impaired Loans	Purchased Credit-impaired Loans Purchased credit impaired loans (“PCI loans”) are accounted for in accordance with ASC Subtopic 310‑30, Loans and Debt Securities Acquired with Deteriorated Credit Quality. A purchased loan is deemed to be credit impaired when there is evidence of credit deterioration since its origination and it is probable at the acquisition date that collection of all contractually required payments is unlikely. We apply PCI loan accounting when we acquire loans deemed to be impaired. At the time of acquisition, we calculate the difference between the (i) contractual amount and timing of undiscounted principal and interest payments (the “contractual cash flows”) and (ii) the estimated amount and timing of undiscounted expected principal and interest payments (the “expected cash flows”). The difference between contractual cash flows and expected cash flows is the nonaccretable difference. The nonaccretable difference represents an estimate of the loss exposure of principal and interest related to the PCI loan portfolios. The nonaccretable difference is subject to change over time based on the performance of the PCI loans. The carrying value of PCI loans is reduced by principal and interest payments received and increased by the portion of the accretable yield recognized as interest income. The excess of the expected cash flows at acquisition over the initial fair value of acquired impaired loans is referred to as the “accretable yield”. The accretable yield is recorded as interest income over the estimated life of the loans using the effective yield method if the timing and amount of the future cash flows is reasonably estimable. PCI loans that are contractually past due are still considered to be accruing and performing as long as there is an expectation that the estimated cash flows will be received. If the timing and amount of cash flows is uncertain, then cash payments received will be recognized as a reduction of the recorded investment. The initial determination of fair value and the subsequent accounting for PCI loans is performed on an individual loan basis. Increases in expected cash flows over those previously estimated increase the accretable yield and are recognized as interest income prospectively. Decreases in the amount and changes in the timing of expected cash flows compared to those previously estimated decrease the accretable yield and usually result in a provision for loan losses and the establishment of an allowance for loan losses. As the accretable yield increases or decreases from changes in cash flow expectations, the offset is a decrease or increase to the nonaccretable difference. The accretable yield is measured at each financial reporting date based on information then currently available and represents the difference between the remaining undiscounted expected cash flows and the current carrying value of the loans.
Allowance for Loan Losses	Allowance for Loan Losses The allowance for loan losses ("ALLL") is a valuation allowance for probable incurred credit losses inherent within the loan portfolio as of the balance sheets date. The allowance is increased by provisions charged to earnings and by recoveries of amounts previously charged-off and is reduced by charge-offs on loans. Loan charge-offs are recognized when m anagement believes the collectability of the principal balance outstanding is unlikely. This methodology for determining charge-offs is consistently applied to each portfolio segment. Management estimates the allowance balance required using past loan loss experience, the nature and volume of the portfolio, information about specific borrower situations and estimated collateral values, economic conditions, and other factors. Allocations of the allowance may be made for specific loans, but the entire allowance is available for any loan that, in management’s judgment, should be charged-off. Loan losses are charged against the allowance when we believe available information confirms that specific loans, or portions thereof, are uncollectible. Subsequent recoveries, if any, are credited to the allowance. We determine a separate allowance for each portfolio segment. Portfolio segments identified by us include construction and land development, real estate, commercial and industrial, SBA loans and consumer loans. The allowance consists of specific and general reserves. The allowance consists of specific and general reserves. Specific reserves relate to loans that are individually classified as impaired. A loan is impaired when, based on current information and events, it is probable that we will be unable to collect all amounts due according to the contractual terms of the loan agreement. Factors considered in determining impairment include payment status, collateral value and the probability of collecting all amounts when due. Measurement of impairment is based on the expected future cash flows of an impaired loan, which are to be discounted at the loan’s effective interest rate, or measured by reference to an observable market value, if one exists, or the fair value of the collateral for a collateral-dependent loan. We select the measurement method on a loan-by-loan basis except that collateral-dependent loans for which foreclosure is probable are measured at the fair value of the collateral, less estimated selling costs. General reserves cover non-impaired loans and are based on historical loss rates for each portfolio segment adjusted for the effects of qualitative or environmental factors that are likely to cause estimated credit losses as of the evaluation date to differ from the portfolio segment’s historical loss experience. Qualitative factors include consideration of the following: changes in lending policies and procedures; changes in economic conditions; changes in the nature and volume of the portfolio; changes in the experience, ability and depth of lending management and other relevant staff; changes in the volume and severity of past due, nonaccrual and other adversely graded loans; changes in the loan review system; changes in the value of the underlying collateral for collateral-dependent loans; concentrations of credit; and the effect of other external factors such as competition and legal and regulatory requirements. Acquired non-PCI loans are recorded at fair value on the date of acquisition with no carryover of the related allowance balance. The premium or discount estimated through the loan fair value calculation is recognized into interest income on an effective interest method or straight-line basis over the remaining contractual life of the loans. Additional credit deterioration on acquired non-PCI loans, in excess of the remaining discount will be recognized in the allowance through the provision for loan losses.
Reserve for Unfunded Commitments	Reserve for Unfunded Commitments A reserve for unfunded commitments is maintained at a level that, in the opinion of management, is sufficient to absorb probable losses associated with the Company’s commitment to extend credit and standby letters of credit. Management determines the appropriate reserve for unfunded commitments based upon reviews of credit evaluations, prior loss experience, expected future usage of unfunded commitments for the various loan types and other relevant factors. The reserve for unfunded commitments is based on estimates, and ultimate losses may vary from the current estimates. Provisions for unfunded commitment losses are included in other noninterest expense and added to the reserve for unfunded commitments, which is included in the Other Liabilities of the consolidated balance sheets .
Other Real Estate Owned and Other Foreclosed Assets	Other Real Estate Owned and Other Foreclosed Assets Other real estate owned and other assets acquired by foreclosure or deed in lieu of foreclosure is recorded at fair value at the date of foreclosure, establishing a new cost basis by a charge to the allowance for loan losses, if necessary. Other real estate owned and other foreclosed assets are carried at the lower of the Company’s carrying value of the property or its fair value. Fair value is generally based on current appraisals less estimated selling costs. Any subsequent write-downs are charged against operating expenses and recognized as a valuation allowance. Operating expenses of such assets, net of related income, and gains and losses on their disposition are included in noninterest expenses.
Premises and Equipment	Premises and Equipment Premises and equipment are carried at cost less accumulated depreciation and amortization. Depreciation is computed using the straight-line method over the estimated useful lives, which ranges from three to seven years for furniture and equipment. Leasehold improvements are amortized using the straight-line method over the estimated useful lives of the improvements or the remaining lease term, whichever is shorter. Expenditures for betterments or major repairs are capitalized and those for ordinary repairs and maintenance are charged to noninterest expense as incurred. When assets are sold or otherwise disposed of, the cost and related accumulated depreciation and amortization are removed from the related accounts and resulting gains or losses are reflected in noninterest expense. Premises and equipment are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If such assets are considered to be impaired, the impairment loss recognized is measured by the amount by which the carrying amount exceeds the fair value of the assets and reflected in noninterest expense.
Leases	Leases The Company determines if an arrangement contains a lease at contract inception and recognize a ROU asset and operating lease liability based on the present value of lease payments over the lease term. While the operating leases may include options to extend the term, these options are not included when calculating the ROU asset and lease liability unless we are reasonably certain we will exercise such options. Most of the leases do not provide an implicit rate and, therefore, the Company determines the present value of lease payments by using our incremental borrowing rate, currently our FHLB secured borrowing rate for the remaining lease term, and other information available at lease commencement. Leases with an initial term of 12 months or less are not recorded in the consolidated balance sheets. Lease expense is recognized on a straight-line basis over the lease term. The Company has lease agreements with lease and non-lease components for which it has elected to account for as a single lease component. The Company may sublease its leased assets to an unrelated third party. Rental income received from the sublease is included in noninterest income and recorded on a straight-line basis over the term of the sublease.
Loss Contingencies	Loss Contingencies Loss contingencies, including claims and legal actions arising in the ordinary course of business, are recorded as liabilities when the likelihood of loss is probable and an amount or range of loss can be reasonably estimated. Management does not believe there now are such matters that will have a material effect in the consolidated financial statements.
Transfers of Financial Assets	Transfers of Financial Assets Transfers of financial assets are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity or the ability to unilaterally cause the holder to return specific assets. In addition, for transfers of a portion of financial assets (for example, participations of loans receivable), the transfer must meet the definition of a “participating interest” in order to account for the transfer as a sale. The Company accounts for transfers and servicing of financial assets by recognizing the financial and servicing assets it controls and the liabilities it has incurred, derecognizes financial assets when control has been surrendered, and derecognizes liabilities when extinguished.
Loan Sales and Servicing of Financial Assets	Loan Sales and Servicing of Financial Assets The Company originates SBA loans and sells the guaranteed portion in the secondary market. Servicing assets are recognized separately when they are acquired through sale of loans. Servicing assets are initially recorded at fair value with the income statement effect recorded in gain on sale of loans. Fair value is based on a valuation model that calculates the present value of estimated future net servicing income. The valuation model uses assumptions that market participants would use in estimating the net income stream from the servicing assets, such as the servicing fees, costs to service, discount rates and prepayment speeds. Servicing assets are subsequently measured using the amortization method which requires servicing assets to be amortized into noninterest income in proportion to, and over the period of, the estimated future net servicing income of the underlying loans. Servicing assets are evaluated for impairment by comparing their fair values to carrying amounts. Impairment is determined by stratifying servicing assets into groupings based on predominant risk characteristics, such as interest rate, loan type and investor type. For purposes of measuring impairment, the Company reviews the total servicing asset. A valuation allowance is recorded when the fair value is below the carrying amount of the total servicing asset. If the Company later determines that all or a portion of the impairment no longer exists, a reduction of the allowance may be recorded as an increase in income. The fair values of servicing assets are subject to significant fluctuations as a result of changes in estimated and actual prepayments speeds and changes in the discount rates. Servicing fee income, which is reported in the consolidated statements of income in net servicing fees, is recorded for fees earned for servicing loans. The fees are based on a contractual percentage of the outstanding principal and recorded as income when earned. The amortization of servicing assets and changes in the valuation allowance are netted against loan servicing income.
Business Combinations	Business Combinations Business combinations are accounted for using the acquisition method of accounting under ASC Topic 805 - Business Combinations . Under the acquisition method, the Company measures the identifiable assets acquired, including identifiable intangible assets, and liabilities assumed in a business combination at fair value on acquisition date. Goodwill is generally determined as the excess of the fair value of the consideration transferred, over the fair value of the net assets acquired and liabilities assumed as of the acquisition date. The Company accounts for merger-related costs, which may include advisory, legal, accounting, valuation, and other professional or consulting fees, as expenses in the periods in which the costs are incurred and the services are received. Goodwill and Other Intangible Assets Goodwill and other intangible assets acquired in a purchase business combination and determined to have indefinite useful lives are not amortized but tested for impairment no less than annually or when circumstances arise indicating impairment may have occurred. Goodwill is the only intangible asset with an indefinite life recorded in the Company’s consolidated balance sheets. The determination of whether impairment has occurred, includes the considerations of a number of factors including, but not limited to, operating results, business plans, economic projections, anticipated future cash flows, and current market data. Any impairment identified as part of this testing is recognized through a charge to net income. The Company has selected to perform its annual impairment test in the fourth quarter of each fiscal year. There was no impairment recognized related to goodwill for the years ended December 31, 2019 and 2018 . Core deposit intangible ("CDI") is a measure of the value of depositor relationships resulting from whole bank acquisitions. Intangible assets with definite useful lives are amortized over their estimated useful lives to their estimated residual values. CDI is amortized on an accelerated method over an estimated useful life of approximately 10 years .
Revenue from Contract with Customers	Revenue from Contracts with Customers In addition to lending and related activities, the Company offers various services to customers that generate revenue, certain of which are governed by ASC Topic 606 - Revenue from Contracts with Customers. The Company's services that fall within the scope of ASC Topic 606 are presented within noninterest income and include fees from its deposit customers for transaction-based activities, 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. Fees are typically withdrawn from the customer's deposit account balance.
Advertising Costs	Advertising Costs The Company expenses the costs of advertising in the year incurred.
Stock-Based Compensation	Stock-Based Compensation Compensation cost is measured for stock options and restricted stock awards issued to employees and directors, based on the fair value of these awards at the date of grant. A Black–Scholes model is utilized to estimate the fair value of stock options, while the market price of the Company’s common stock at the date of grant is used for restricted stock awards. This cost is recognized over the period which an employee is required to provide services in exchange for the award, generally defined as the vesting period, on a straight-line basis. Upon the adoption of ASU 2016-09 on January 1, 2017, the Company elected to account for forfeitures of stock–based awards as they occur. Excess tax benefits and tax deficiencies relating to stock–based compensation are recorded as income tax expense or benefit in the consolidated statements of income when incurred. Dividends are paid on nonvested restricted stock awards and are charged to equity. Dividends previously paid on nonvested restricted stock awards are charged to compensation expense at time of forfeiture.
Income Taxes	Income Taxes Deferred income taxes are computed using the asset and liability method, which recognizes a liability or asset representing the tax effects, based on current tax law, of future deductible or taxable amounts attributable to events that have been recognized in the consolidated financial statements. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in earnings in the period that includes the enactment date. Additionally, the effect of a change in tax rates on amounts included in accumulated other comprehensive income are reclassified to retained earnings at the enactment date. A valuation allowance is established to reduce the deferred tax asset to the level at which it is “more likely than not” that the tax asset or benefits will be realized. Uncertain tax positions taken or expected to be taken on a tax return can only be recognized if the position is more likely than not to be sustained on audit by the taxing authorities. Interest and penalties related to uncertain tax positions are recorded as part of income tax expense in the consolidated statements of income.
Earnings Per Share (EPS)	Earnings Per Share (“EPS”) Basic and diluted EPS are calculated using the two-class method since the Company has issued share-based payment awards considered participating securities because they are the entitled holders to dividends during the vesting term. The two-class method is an earnings allocation formula that determines net income per share for each class of common stock and participating security according to dividends declared and participation rights in undistributed earnings. Basic EPS is computed by dividing net earnings allocated to common shareholders by the weighted-average number of common shares outstanding. Diluted EPS is computed by dividing net earnings allocated to common shareholders by the weighted-average number of common shares outstanding adjusted to include the effect of potentially dilutive common shares. Potentially dilutive common shares include incremental common shares issuable upon exercise of outstanding stock options and non-vested restricted common shares using the treasury stock method.
Comprehensive Income	Comprehensive Income Changes in unrealized gains and losses on investment securities available-for-sale is the only component of AOCI for the Company.
Financial Instruments	Financial Instruments In the ordinary course of business, the Company has entered into off-balance sheet financial instruments consisting of commitments to extend credit, commercial letters of credit, and standby letters of credit. Such financial instruments are recorded in the consolidated financial statements when they are funded or related fees are incurred or received.
Fair Value Measurement	Fair Value Measurement Fair value is the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Current accounting guidance establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The guidance describes three levels of inputs that may be used to measure fair value: Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3: Significant unobservable inputs that reflect a Company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability.
Operating Segments	Operating Segments Management has determined that since generally all of the banking products and services offered by the Company are available in each branch of the Company, all branches are located within the same economic environment and management does not allocate resources based on the performance of different lending or transaction activities, it is appropriate to aggregate the Company branches and report them as a single operating segment.

BUSINESS COMBINATION (Tables)

BUSINESS COMBINATION (Tables)	12 Months Ended
	Dec. 31, 2019
Business Combinations [Abstract]
Schedule of Assets Acquired and Liabilities Assumed	The following table represents the fair value of assets acquired and liabilities assumed of PCB, as of July 31, 2018, recorded using the acquisition method of accounting: Fair Value (dollars in thousands) Assets acquired: Cash and cash equivalents $ 111,035 Loans held for investment, net 399,822 Investment in restricted stock, at cost 4,148 Premises and equipment 719 Servicing assets 1,054 Cash surrender value of bank-owned life insurance 4,712 Deferred taxes 4,612 Core deposit intangible 6,908 Accrued interest receivable and other assets 3,487 Total assets acquired $ 536,497 Liabilities assumed: Deposits $ 474,925 Accrued interest payable and other liabilities 1,724 Total liabilities assumed 476,649 Net assets acquired $ 59,848 Purchase consideration: Fair value of shares of First Choice Bancorp issued in the merger $ 125,902 Fair value of equity awards exchanged 7,371 Total purchase consideration 133,273 Goodwill recognized $ 73,425
Schedule of Fair Value of Loans Acquired	The following table presents the amounts that comprise the fair value of loans acquired, excluding PCI loans, from PCB as of July 31, 2018: Loans (dollars in thousands) Contractual amounts receivable $ 507,720 Contractual cash flows not expected to be collected (8,520 ) Expected cash flows 499,200 Interest component of expected cash flows (102,431 ) Fair value of loans acquired, excluding PCI loans $ 396,769 A component of total loans acquired from PCB were PCI loans. The following table presents the amounts that comprise the fair value of PCI loans as of July 31, 2018. (Refer to Note 4 . Loans for additional information regarding PCI loans): PCI Loans (dollars in thousands) Contractually required payments receivable (principal and interest) $ 8,580 Nonaccretable difference (contractual cash flows not expected to be collected) (3,416 ) Expected cash flows 5,164 Accretable yield (2,111 ) Fair value of PCI loans acquired $ 3,053 The following table summarizes the changes in the carrying amount and accretable yield of PCI loans, acquired as part of the PCB acquisition, for the year ended December 31, 2019 . Refer to Note 2 - Business Combination for further information. Year Ended December 31, 2019 2018 Carrying Amount Accretable Carrying Amount Accretable (dollars in thousands) Balance, beginning of period $ 2,644 $ 2,073 $ — $ — Loans acquired — — 3,053 2,111 Accretion 2,007 (2,007 ) 219 (219 ) Payments received (3,563 ) — (565 ) — Increase in expected cash flows, net 36 1,110 (63 ) 181 Provision for loan losses — — — — Balance, end of period $ 1,124 $ 1,176 $ 2,644 $ 2,073

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	12 Months Ended
	Dec. 31, 2019
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 December 31, 2019 and 2018 were as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value December 31, 2019 (dollars in thousands) Securities available-for-sale: Mortgage-backed securities $ 7,480 $ 20 $ (69 ) $ 7,431 Collateralized mortgage obligations 10,571 52 (25 ) 10,598 SBA pools 8,610 58 (44 ) 8,624 $ 26,661 $ 130 $ (138 ) $ 26,653 Securities held-to-maturity: U.S. Government and agency securities $ 3,342 $ 9 $ — $ 3,351 Mortgage-backed securities 1,714 27 (15 ) 1,726 $ 5,056 $ 36 $ (15 ) $ 5,077 December 31, 2018 Securities available-for-sale: Mortgage-backed securities $ 9,177 $ — $ (333 ) $ 8,844 Collateralized mortgage obligations 11,731 2 (272 ) 11,461 SBA pools 9,628 — (390 ) 9,238 $ 30,536 $ 2 $ (995 ) $ 29,543 Securities held-to-maturity: U.S. Government and agency securities $ 3,340 $ — $ (122 ) $ 3,218 Mortgage-backed securities 1,982 — (105 ) 1,877 $ 5,322 $ — $ (227 ) $ 5,095
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 December 31, 2019 and 2018 were as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value December 31, 2019 (dollars in thousands) Securities available-for-sale: Mortgage-backed securities $ 7,480 $ 20 $ (69 ) $ 7,431 Collateralized mortgage obligations 10,571 52 (25 ) 10,598 SBA pools 8,610 58 (44 ) 8,624 $ 26,661 $ 130 $ (138 ) $ 26,653 Securities held-to-maturity: U.S. Government and agency securities $ 3,342 $ 9 $ — $ 3,351 Mortgage-backed securities 1,714 27 (15 ) 1,726 $ 5,056 $ 36 $ (15 ) $ 5,077 December 31, 2018 Securities available-for-sale: Mortgage-backed securities $ 9,177 $ — $ (333 ) $ 8,844 Collateralized mortgage obligations 11,731 2 (272 ) 11,461 SBA pools 9,628 — (390 ) 9,238 $ 30,536 $ 2 $ (995 ) $ 29,543 Securities held-to-maturity: U.S. Government and agency securities $ 3,340 $ — $ (122 ) $ 3,218 Mortgage-backed securities 1,982 — (105 ) 1,877 $ 5,322 $ — $ (227 ) $ 5,095
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 December 31, 2019 , 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 (dollars in thousands) Due in one year or less $ — $ — $ — $ — Due after one year through five years 3,342 3,351 — — Due after five years through ten years — — — — Due after ten years (1) 1,714 1,726 26,661 26,653 $ 5,056 $ 5,077 $ 26,661 $ 26,653 (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 December 31, 2019 and 2018 , 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 Twelve Months Or Longer Total Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value December 31, 2019 (dollars in thousands) Securities available-for-sale: Mortgage-backed securities $ — $ — $ (69 ) $ 6,271 $ (69 ) $ 6,271 Collateralized mortgage obligations (2 ) 1,342 (23 ) 1,288 (25 ) 2,630 SBA pools (44 ) 3,043 — — (44 ) 3,043 $ (46 ) $ 4,385 $ (92 ) $ 7,559 $ (138 ) $ 11,944 Securities held-to-maturity: Mortgage-backed securities — — (15 ) 790 (15 ) 790 $ — $ — $ (15 ) $ 790 $ (15 ) $ 790 December 31, 2018 Securities available-for-sale: Mortgage-backed securities $ (20 ) $ 2,397 $ (313 ) $ 6,447 $ (333 ) $ 8,844 Collateralized mortgage obligations (3 ) 1,127 (269 ) 9,742 (272 ) 10,869 SBA pools — — (390 ) 9,238 (390 ) 9,238 $ (23 ) $ 3,524 $ (972 ) $ 25,427 $ (995 ) $ 28,951 Securities held-to-maturity: U.S. Government and agency securities $ — $ — $ (122 ) $ 3,218 $ (122 ) $ 3,218 Mortgage-backed securities — — (105 ) 1,877 (105 ) 1,877 $ — $ — $ (227 ) $ 5,095 $ (227 ) $ 5,095

LOANS (Tables)

LOANS (Tables)	12 Months Ended
	Dec. 31, 2019
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable	The composition of the Company’s loan portfolio at December 31, 2019 and 2018 was as follows: December 31, 2019 December 31, 2018 Loans PCI Loans Total Loans PCI Loans Total (dollars in thousands) Construction and land development $ 249,504 $ — $ 249,504 $ 184,177 $ — $ 184,177 Real estate: Residential 43,736 — 43,736 57,443 — 57,443 Commercial real estate - owner occupied 171,487 108 171,595 179,362 132 179,494 Commercial real estate - non-owner occupied 423,823 — 423,823 400,590 1,075 401,665 Commercial and industrial 308,548 463 309,011 281,121 597 281,718 SBA loans 177,080 553 177,633 145,622 840 146,462 Consumer 430 — 430 159 — 159 Loans held for investment, net of discounts 1,374,608 1,124 1,375,732 1,248,474 2,644 1,251,118 Net deferred origination fees (1,057 ) — (1,057 ) (137 ) — (137 ) Loans held for investment $ 1,373,551 $ 1,124 $ 1,374,675 $ 1,248,337 $ 2,644 $ 1,250,981 Allowance for loan losses (13,522 ) — (13,522 ) (11,056 ) — (11,056 ) Loans held for investment, net $ 1,360,029 $ 1,124 $ 1,361,153 $ 1,237,281 $ 2,644 $ 1,239,925 Loans held for investment were comprised of the following components at December 31, 2019 and 2018 : December 31, 2019 2018 (dollars in thousands) Gross loans held for investment (1) $ 1,385,142 $ 1,263,891 Unamortized net discounts (2) (9,410 ) (12,773 ) Net unamortized deferred origination fees (1,057 ) (137 ) Loans held for investment $ 1,374,675 $ 1,250,981 (1) Gross loans held for investment include purchased credit impaired loans with a net carrying value of $1.1 million , or 0.08% of gross loans at December 31, 2019 and $2.6 million , or 0.21% of gross loans at December 31, 2018 . (2) Unamortized net discounts include discounts related to the retained portion of SBA loans and net discounts on acquired loans. At December 31, 2019 , net discounts related to acquired loans totaled $9.4 million of which $6.0 million was associated with loans acquired in the PCB acquisition and expected to be accreted into interest income over a weighted average remaining life of 4.8 years.
Allowance for Credit Losses on Financing Receivables	The following table presents the activity in the allowance for loan losses for the years ended December 31, 2019 and 2018 by portfolio segment: Year Ended December 31, 2019 Real Estate Construction and Land Development Residential Commercial - Owner Occupied Commercial - Non-owner Occupied Commercial and Industrial SBA Loans Consumer Total (dollars in thousands) Balance, December 31, 2018 $ 1,721 $ 422 $ 734 $ 2,686 $ 3,686 $ 1,807 $ — $ 11,056 Provision for (reversal of) loan losses 629 (130 ) 184 388 969 758 2 2,800 Charge-offs — — — — (567 ) (12 ) — (579 ) Recoveries — — — — 57 188 — 245 Net (charge-offs) recoveries — — — — (510 ) 176 — (334 ) Balance, December 31, 2019 $ 2,350 $ 292 $ 918 $ 3,074 $ 4,145 $ 2,741 $ 2 $ 13,522 Reserves: Specific $ — $ — $ — $ 215 $ — $ 939 $ — $ 1,154 General 2,350 292 918 2,859 4,145 1,802 2 12,368 $ 2,350 $ 292 $ 918 $ 3,074 $ 4,145 $ 2,741 $ 2 $ 13,522 Loans evaluated for impairment: Individually $ — $ — $ 3,049 $ 1,368 $ 229 $ 6,940 $ — $ 11,586 Collectively 249,504 43,736 168,438 422,455 308,319 170,140 430 1,363,022 PCI — — 108 — 463 553 — 1,124 $ 249,504 $ 43,736 $ 171,595 $ 423,823 $ 309,011 $ 177,633 $ 430 $ 1,375,732 Year Ended December 31, 2018 Real Estate Construction and Land Development Residential Commercial - Owner Occupied Commercial - Non-owner Occupied Commercial and Industrial SBA Loans Consumer Total (dollars 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 124 47 79 (450 ) 805 923 (8 ) 1,520 Charge-offs — — — — (539 ) (610 ) — (1,149 ) Recoveries — — — — 188 — — 188 Net charge-offs — — — — (351 ) (610 ) — (961 ) Balance, December 31, 2018 $ 1,721 $ 422 $ 734 $ 2,686 $ 3,686 $ 1,807 $ — $ 11,056 Reserves: Specific $ — $ — $ — $ — $ — $ — $ — $ — General 1,721 422 734 2,686 3,686 1,807 — 11,056 $ 1,721 $ 422 $ 734 $ 2,686 $ 3,686 $ 1,807 $ — $ 11,056 Loans evaluated for impairment: Individually $ — $ — $ — $ — $ 89 $ 1,960 $ — $ 2,049 Collectively 184,177 57,443 179,362 400,590 281,032 143,662 159 1,246,425 PCI — — 132 1,075 597 840 — 2,644 $ 184,177 $ 57,443 $ 179,494 $ 401,665 $ 281,718 $ 146,462 $ 159 $ 1,251,118 A summary of the changes in the allowance for loan losses for the years ended December 31, 2019 and 2018 follows: Year Ended December 31, 2019 2018 (dollars in thousands) Balance, beginning of period $ 11,056 $ 10,497 Provision for loan losses 2,800 1,520 Charge-offs (579 ) (1,149 ) Recoveries 245 188 Net charge-offs (334 ) (961 ) Balance, end of period $ 13,522 $ 11,056
Financing Receivable Credit Quality Indicators	The risk rating categories of loans held for investment, net of discounts by class of loans, excluding PCI loans, as of December 31, 2019 and 2018 was as follows: December 31, 2019 Pass Special Mention Substandard (1) Total (dollars in thousands) Construction and land development $ 249,504 $ — $ — $ 249,504 Real estate: Residential 43,736 — — 43,736 Commercial real estate - owner occupied 161,863 — 9,624 171,487 Commercial real estate - non-owner occupied 421,731 — 2,092 423,823 Commercial and industrial 305,918 — 2,630 308,548 SBA loans 166,820 — 10,260 177,080 Consumer 430 — — 430 $ 1,350,002 $ — $ 24,606 $ 1,374,608 (1) At December 31, 2019 , substandard loans included $11.3 million of impaired loans. December 31, 2018 Pass Special Mention Substandard (1) Total (dollars in thousands) Construction and land development $ 184,177 $ — $ — $ 184,177 Real estate: Residential 57,443 — — 57,443 Commercial real estate - owner occupied 174,505 4,857 — 179,362 Commercial real estate - non-owner occupied 399,457 1,133 — 400,590 Commercial and industrial 269,640 8,341 3,140 281,121 SBA loans 137,740 6,065 1,817 145,622 Consumer 159 — — 159 $ 1,223,121 $ 20,396 $ 4,957 $ 1,248,474 (1) At December 31, 2018 , substandard loans included $1.7 million of impaired loans.
Past Due Financing Receivables	The following tables present past due and nonaccrual loans, net of discounts and excluding PCI loans, by loan class as of December 31, 2019 and 2018 : December 31, 2019 Still Accruing 30-59 Days Past Due 60-89 Days Past Due Over 90 Days Past Due Nonaccrual (dollars in thousands) Real estate: Residential $ 1,471 $ 290 $ — $ — Commercial real estate - owner occupied — — — 3,049 Commercial real estate - non-owner occupied — — — 1,368 Commercial and industrial 4 2 — 229 SBA loans — — — 6,619 Total $ 1,475 $ 292 $ — $ 11,265 December 31, 2018 Still Accruing 30-59 Days Past Due 60-89 Days Past Due Over 90 Days Past Due Nonaccrual (dollars in thousands) Real estate: Residential $ 480 $ — $ — $ — Commercial and industrial 3 1 — 89 SBA loans — — — 1,633 Total $ 483 $ 1 $ — $ 1,722
Impaired Financing Receivables	The following tables present the average recorded investment in impaired loans, excluding PCI loans, and related interest income recognized by loan class for the years ended December 31, 2019 and 2018 : Year Ended December 31, 2019 2018 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized (dollars in thousands) Real estate: Commercial real estate - owner occupied $ 535 $ — $ — $ — Commercial real estate - non-owner occupied 235 — — — Commercial and industrial 385 — 201 — SBA loans 3,742 78 1,582 26 Total $ 4,897 $ 78 $ 1,783 $ 26 The following tables present impaired loans, excluding PCI loans, by loan class at December 31, 2019 and 2018 : December 31, 2019 Impaired Loans Unpaid Principal Balance Recorded Investment (1) Without Specific Reserve With Specific Reserve Related Allowance (dollars in thousands) Real estate: Commercial real estate - owner occupied $ 3,132 $ 3,049 $ 3,049 $ — $ — Commercial real estate - non-owner occupied 1,411 1,368 — 1,368 215 Commercial and industrial 229 229 229 — — SBA loans 7,344 6,940 4,750 2,190 939 Total $ 12,116 $ 11,586 $ 8,028 $ 3,558 $ 1,154 (1) Included TDRs on accrual of $321 thousand . December 31, 2018 Impaired Loans Unpaid Principal Balance Recorded Investment (1) Without Specific Reserve With Specific Reserve Related Allowance (dollars in thousands) Commercial and industrial $ 178 $ 89 $ 89 $ — $ — SBA loans 2,964 1,960 1,960 — — Total $ 3,142 $ 2,049 $ 2,049 $ — $ — (1) Included TDRs on accrual of $327 thousand .
Schedule of Changes in Carrying Amount and Accretable Yield of PCI Loans	The following table presents the amounts that comprise the fair value of loans acquired, excluding PCI loans, from PCB as of July 31, 2018: Loans (dollars in thousands) Contractual amounts receivable $ 507,720 Contractual cash flows not expected to be collected (8,520 ) Expected cash flows 499,200 Interest component of expected cash flows (102,431 ) Fair value of loans acquired, excluding PCI loans $ 396,769 A component of total loans acquired from PCB were PCI loans. The following table presents the amounts that comprise the fair value of PCI loans as of July 31, 2018. (Refer to Note 4 . Loans for additional information regarding PCI loans): PCI Loans (dollars in thousands) Contractually required payments receivable (principal and interest) $ 8,580 Nonaccretable difference (contractual cash flows not expected to be collected) (3,416 ) Expected cash flows 5,164 Accretable yield (2,111 ) Fair value of PCI loans acquired $ 3,053 The following table summarizes the changes in the carrying amount and accretable yield of PCI loans, acquired as part of the PCB acquisition, for the year ended December 31, 2019 . Refer to Note 2 - Business Combination for further information. Year Ended December 31, 2019 2018 Carrying Amount Accretable Carrying Amount Accretable (dollars in thousands) Balance, beginning of period $ 2,644 $ 2,073 $ — $ — Loans acquired — — 3,053 2,111 Accretion 2,007 (2,007 ) 219 (219 ) Payments received (3,563 ) — (565 ) — Increase in expected cash flows, net 36 1,110 (63 ) 181 Provision for loan losses — — — — Balance, end of period $ 1,124 $ 1,176 $ 2,644 $ 2,073

TRANSFERS AND SERVICING OF FI_2

TRANSFERS AND SERVICING OF FINANCIAL ASSETS (Tables)	12 Months Ended
	Dec. 31, 2019
Transfers and Servicing [Abstract]
Servicing Asset at Amortized Cost	The SBA servicing asset activity is summarized for the periods indicated: Year Ended December 31, 2019 2018 (dollars in thousands) Balance, beginning of period $ 3,186 $ 2,618 Additions 1,140 1,600 Amortization (1) (1,124 ) (1,032 ) Balance, end of period $ 3,202 $ 3,186 (1) Included accelerated amortization of $146 thousand for the year ended December 31, 2019 . There was no accelerated amortization for the year ended December 31, 2018 .
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 December 31, 2019 given hypothetical shifts in prepayments speeds and yield assumptions: Change in Assumption Change in Estimated Fair Value (dollars in thousands) Prepayment speeds +10% $ (176 ) Prepayment speeds +20% (335 ) Discount rate +1% (82 ) Discount rate +2% (161 )

PREMISES AND EQUIPMENT (Tables)

PREMISES AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
Summary of Premise and Equipment	A summary of premises and equipment as of December 31 follows: December 31, 2019 2018 (dollars in thousands) Construction in progress $ 6 $ — Leasehold improvements 1,877 1,987 Furniture, fixtures, and equipment 3,655 3,115 5,538 5,102 Less: Impairment (207 ) — Less: Accumulated depreciation and amortization (3,789 ) (3,129 ) $ 1,542 $ 1,973

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Dec. 31, 2019
Leases [Abstract]
Lease, Cost	The following table represents lease costs and other lease information for the periods indicated: Year Ended December 31, 2019 (dollars in thousands) Lease Costs Operating lease cost $ 2,189 Variable lease cost 198 Short-term lease cost 20 Total lease costs $ 2,407 Other Information ROU asset impairment expense $ 1,207 Cash paid for amounts included in the measurement of lease liabilities 2,200 The balance sheet and supplemental information related to our leases at December 31, 2019 are shown below. Balance Sheet and Supplemental Information (dollars in thousands) Operating lease ROU assets classified as other assets $6,633 Operating lease liability classified as other liabilities $7,071 Weighted average remaining lease term, in years 3.1 Weighted average discount rate 2.23 %
Lessee, Operating Lease, Liability, Maturity	Maturities of lease liabilities for the periods indicated: Twelve Months Ended December 31, (dollars in thousands) 2020 $ 2,347 2021 2,210 2022 1,954 2023 649 2024 174 Thereafter — Total future minimum lease payments 7,334 Less: Imputed interest (263 ) Present value of net future minimum lease payments $ 7,071

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of changes in goodwill	The following table presents the changes in the carrying amount of goodwill for the years ended December 31, 2019 and 2018 : Year Ended December 31, 2019 2018 (dollars in thousands) Balance, beginning of period $ 73,425 $ — Goodwill recognized — 73,425 Balance, end of period $ 73,425 $ 73,425
Schedule of changes in CDI	The following table presents the changes in CDI for the years ended December 31, 2019 and 2018 : Year Ended December 31, 2019 2018 (dollars in thousands) Core deposit intangible: Gross balance, beginning of period $ 6,908 $ — Additions — 6,908 Gross balance, end of period $ 6,908 $ 6,908 Accumulated amortization: Balance, beginning of period $ (332 ) $ — Amortization (848 ) (332 ) Balance, end of period (1,180 ) (332 ) Net core deposit intangible, end of period $ 5,728 $ 6,576
Schedule of estimated amortization expense for CDI	The following table shows the estimated amortization expense for CDI for the periods indicated: (dollars in thousands) 2020 $ 771 2021 753 2022 732 2023 707 2024 678 Thereafter 2,087 $ 5,728

DEPOSITS (Tables)

DEPOSITS (Tables)	12 Months Ended
	Dec. 31, 2019
Banking and Thrift [Abstract]
Schedule of Maturities of Time Deposits	At December 31, 2019 , the scheduled maturities of time deposits are as follows: (dollars in thousands) 2020 $ 137,939 2021 20,298 2022 10,057 2023 4,255 2024 209 Thereafter — Total $ 172,758

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Schedule of Income Tax Expense	Income tax expense consists of the following: December 31, 2019 2018 (dollars in thousands) Current income tax expense Federal $ 6,290 $ 4,145 State 3,573 2,315 Total current income tax expense 9,863 6,460 Deferred income tax expense/(benefit) Federal 1,269 102 State 942 99 Change in Federal tax rate — (226 ) Total deferred income tax expense/(benefit) 2,211 (25 ) Total income tax expense $ 12,074 $ 6,435
Schedule of Deferred Tax Assets and Liabilities	The following is a summary of the components of the net deferred tax asset (liability) accounts at December 31, 2019 and 2018 : December 31, 2019 2018 (dollars in thousands) Deferred tax assets: Allowance for loan losses due to tax limitations $ 3,998 $ 2,935 Organizational expenses 197 251 State taxes 752 569 Non-qualified stock options 235 1,425 Restricted stock 383 359 Accrued expenses — 540 Depreciation differences 234 187 Unrecognized loss on securities available-for-sale 3 293 Fair value adjustment on acquired loans 2,350 3,970 Net operating losses 143 368 Other items 866 957 Total deferred tax assets 9,161 11,854 Deferred tax liabilities: Core deposit intangibles (1,693 ) (1,944 ) Deferred loan costs (1,246 ) (1,008 ) Other items (59 ) (236 ) Total deferred tax liabilities (2,998 ) (3,188 ) Deferred taxes, net $ 6,163 $ 8,666
Schedule of Federal Statutory Income Tax Rates	A comparison of the federal statutory income tax rates to the Company’s effective income tax rates at December 31, 2019 and 2018 follows: 2019 2018 Amount Rate Amount Rate (dollars in thousands) Statutory Federal tax $ 8,384 21.0 % $ 4,538 21.0 % State franchise tax, net of Federal benefit 3,392 8.5 % 1,912 8.9 % Change in Federal tax rate — — % (226 ) (1.0 )% Nondeductible merger expenses — — % 168 0.8 % Other items, net 298 0.7 % 43 0.1 % Actual tax expense $ 12,074 30.2 % $ 6,435 29.8 %
Reconciliation of Unrecognized Tax Benefits	A reconciliation of the beginning and ending amount of unrecognized tax benefits for the years ended December 31, 2019 and 2018 is as follows: December 31, 2019 2018 (dollars in thousands) Balance at January 1, $ 480 $ — Additional based on tax positions related to prior years — 480 Expiration of the statute of limitations (367 ) — Balance at December 31, $ 113 $ 480

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Outstanding Financial Commitments	The following table set forth the commitments and letters of credit as of the periods indicated: December 31, 2019 2018 (dollars in thousands) Commitments to extend credit $ 376,879 $ 375,755 Standby letters of credit 7,616 4,019 Commitments to contribute capital to low income housing tax credit projects 1,738 — Commitments to contribute capital to other CRA equity investments 236 385 Total $ 386,469 $ 380,159

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	12 Months Ended
	Dec. 31, 2019
Share-based Payment Arrangement [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 years ended December 31, 2019 and 2018 are as follows: Year Ended December 31, 2019 2018 Shares Weighted Shares Weighted Outstanding, beginning of period 383,212 $ 10.44 65,978 $ 10.17 Rollover options (1) — — 420,393 10.60 Exercised (245,295 ) 10.57 (103,159 ) 10.93 Granted — — — — Forfeited (386 ) 12.94 — — Outstanding, end of period 137,531 $ 10.20 383,212 $ 10.44 Options exercisable 137,531 $ 10.20 381,048 $ 10.43 (1) Amounts relate to rollover stock options issued to PCB directors, officers and employees in connection with the PCB acquisition and are exercisable into shares of the Company's common stock.
Nonvested Restricted Stock Shares Activity	A summary of the outstanding restricted shares activity for the years ended December 31, 2019 and 2018 is presented in the following table: Year Ended December 31, 2019 2018 Shares Weighted Shares Weighted Nonvested, beginning of period 84,120 $ 23.90 142,553 $ 20.28 Granted 117,970 22.19 31,873 26.60 Vested (70,090 ) 23.39 (83,115 ) 22.46 Forfeited (18,365 ) 23.50 (7,191 ) 20.62 Nonvested, end of period 113,635 $ 22.50 84,120 $ 23.90

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2019
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following is a reconciliation of net income and shares outstanding used in the computation of basic and diluted EPS: Year Ended December 31, 2019 2018 Numerator for basic net income per share: (dollars in thousands, except share data) Net income $ 27,848 $ 15,130 Less: dividends and net income allocated to participating securities (278 ) (134 ) Net income available to common shareholders $ 27,570 $ 14,996 Denominator for basic net income per share: Basic weighted average common shares outstanding during the period 11,586,651 9,015,203 Denominator for diluted net income per share: Basic weighted average common shares outstanding during the period 11,586,651 9,015,203 Net effect of dilutive stock options 100,438 128,039 Diluted weighted average common shares 11,687,089 9,143,242 Net income per common share: Basic $ 2.38 $ 1.66 Diluted $ 2.36 $ 1.64

REGULATORY MATTERS (Tables)

REGULATORY MATTERS (Tables)	12 Months Ended
	Dec. 31, 2019
Banking and Thrift [Abstract]
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations	As of December 31, 2019 and 2018 , the most recent notification from the FDIC categorized the Bank as well-capitalized under the regulatory framework for prompt corrective action (there are no conditions or events since that notification that mana

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Dec. 31, 2019
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 December 31, 2019 and 2018 : Recurring Fair Value Measurements Level 1 Level 2 Level 3 Total December 31, 2019: (dollars in thousands) Securities available-for-sale: Mortgage-backed securities $ — $ 7,431 $ — $ 7,431 Collateralized mortgage obligations — 10,598 — 10,598 SBA Pools — 8,624 — 8,624 Securities available-for-sale $ — $ 26,653 $ — $ 26,653 Equity securities: Mutual fund investment $ 2,694 $ — $ — $ 2,694 December 31, 2018: Securities available-for-sale: Mortgage-backed securities $ — $ 8,844 $ — $ 8,844 Collateralized mortgage obligations — 11,461 — 11,461 SBA Pools — 9,238 — 9,238 Securities available-for-sale $ — $ 29,543 $ — $ 29,543 Equity securities: Mutual fund investment $ 2,538 $ — $ — $ 2,538
Schedule of Fair Value by Balance Sheet Grouping	The fair value hierarchy level and estimated fair value of significant financial instruments at December 31, 2019 and 2018 are presented in the table below: December 31, 2019 December 31, 2018 Fair Value Carrying Fair Carrying Fair Financial Assets: (dollars in thousands) Cash and cash equivalents Level 1 $ 161,801 $ 161,801 $ 197,376 $ 197,376 Securities available-for-sale Level 2 26,653 26,653 29,543 29,543 Securities held-to-maturity Level 2 5,056 5,077 5,322 5,095 Equity securities Level 1 2,694 2,694 2,538 2,538 Loans held for sale Level 2 7,659 8,420 28,022 29,238 Loan held for investment, net Level 3 1,361,153 1,393,282 1,239,925 1,265,013 Restricted stock investments, at cost Level 2 12,986 12,986 12,855 12,855 Servicing asset Level 3 3,202 3,246 3,186 3,295 Accrued interest receivable Level 2 5,451 5,451 5,069 5,069 Financial Liabilities: Deposits Level 2 $ 1,313,693 $ 1,316,287 $ 1,252,339 $ 1,250,555 Borrowings Level 2 90,000 91,029 104,998 104,998 Senior secured notes Level 2 9,600 9,600 8,450 8,450 Accrued interest payable Level 2 203 203 366 366

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	12 Months Ended
	Dec. 31, 2019
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: Year Ended December 31, 2019 2018 (dollars in thousands) Noninterest income, in-scope: Service charges and fees on deposit accounts $ 1,942 $ 1,241 Other income 181 114 Total noninterest income, in-scope 2,123 1,355 Noninterest income, not in-scope: Gain on sale of loans 3,674 1,505 Net servicing fees 850 509 Change in fair value of equity securities 82 (120 ) Other income 971 361 Total noninterest income, not in-scope 5,577 2,255 Total noninterest income $ 7,700 $ 3,610

CONDENSED FINANCIAL INFORMATI_2

CONDENSED FINANCIAL INFORMATION (PARENT COMPANY ONLY) (Tables)	12 Months Ended
	Dec. 31, 2019
Condensed Financial Information Disclosure [Abstract]
Condensed Balance Sheets	Condensed Balance Sheets December 31, 2019 2018 (dollars in thousands) ASSETS Cash and cash equivalents $ 337 $ 173 Investment in Bank subsidiary 271,189 256,330 Taxes receivable — 36 Other assets 21 43 TOTAL ASSETS $ 271,547 $ 256,582 LIABILITIES AND SHAREHOLDERS’ EQUITY Accrued expenses $ 13 $ 48 Taxes payable 129 — Intercompany payable — 15 Senior secured notes 9,600 8,450 Total liabilities 9,742 8,513 Shareholders’ equity: Preferred stock — — Common stock 216,398 217,514 Additional paid-in capital 3,493 7,269 Retained earnings 41,920 23,985 Accumulated other comprehensive loss (6 ) (699 ) Total shareholders’ equity 261,805 248,069 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 271,547 $ 256,582
Condensed Statements of Income	Condensed Statements of Income Year Ended December 31, 2019 2018 (dollars in thousands) Income: Dividends from Bank subsidiary $ 19,000 $ — Expense: Interest expense 678 248 Salaries and employee benefits 261 208 Professional fees 136 322 Data processing 28 37 Merger, integration and public company registration costs — 126 Other expenses 190 215 Total expense $ 1,293 $ 1,156 Income (loss) before income taxes and equity in undistributed earnings of Bank subsidiary 17,707 (1,156 ) Income tax benefit (383 ) (306 ) Income (loss) before equity in undistributed earnings of Bank subsidiary $ 18,090 $ (850 ) Equity in undistributed earnings of Bank subsidiary 9,758 15,980 Net income $ 27,848 $ 15,130
Condensed Statements of Cash Flows	Condensed Statements of Cash Flows Year Ended December 31, 2019 2018 (dollars in thousands) OPERATING ACTIVITIES Net income $ 27,848 $ 15,130 Adjustments to reconcile net income to net cash used in operating activities: Equity in undistributed earnings of Bank subsidiary (9,758 ) (15,980 ) Changes in other asset and liabilities: Taxes receivable 164 99 Accrued expenses (35 ) (30 ) Intercompany payable — 7 Other items, net (2,451 ) (29 ) Net cash provided by (used in) operating activities 15,768 (803 ) INVESTING ACTIVITIES Acquisition of business, net of cash acquired — 325 Net cash provided in investing activities — 325 FINANCING ACTIVITIES Advances from senior secured notes 1,150 8,100 Dividends paid (9,927 ) (7,584 ) Repurchase of shares (9,420 ) (1,100 ) Proceeds from exercise of stock options 2,593 1,128 Net cash (used in) provided by financing activities (15,604 ) 544 Net change in cash and cash equivalents 164 66 Cash and cash equivalents, beginning of period 173 107 Cash and cash equivalents, end of period $ 337 $ 173

BASIS OF PRESENTATION AND SUM_3

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)		12 Months Ended
		Dec. 31, 2019USD ($)branchlending_office	Dec. 31, 2018USD ($)	Jan. 01, 2019USD ($)	Jan. 01, 2018USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Number of full-service branches | branch		9
Number of lending offices | lending_office		2
Operating lease, right-of-use asset		$ 6,633,000
Operating lease, liability		7,071,000
Reserve requirements		0	$ 0
Reclassification, AOCI	[1]				$ 0
Impairment recognized on goodwill and intangible assets		0	0
Advertising expense		$ 43,000	$ 44,000
Accounting Standards Update 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease, right-of-use asset				$ 6,000,000
Operating lease, liability				$ 6,100,000
AOCI Attributable to Parent
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reclassification, AOCI	[1]				24,000
Core Deposit Intangibles
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Estimated useful life		10 years
Furniture and Fixtures | Minimum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Useful lives		3 years
Furniture and Fixtures | Maximum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Useful lives		7 years
Mutual Funds | AOCI Attributable to Parent | Accounting Standards Update 2016-01
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reclassification, AOCI					$ 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"

BUSINESS COMBINATION (Details)

BUSINESS COMBINATION (Details) $ / shares in Units, $ in Thousands	Jul. 31, 2018USD ($)branch$ / sharesshares	Dec. 31, 2019USD ($)branch	Dec. 31, 2018USD ($)	Feb. 26, 2018
Business Acquisition [Line Items]
Total assets		$ 1,690,324	$ 1,622,501
Gross loans of acquiree		1,385,142	1,263,891
Total deposits of acquiree		$ 1,313,693	$ 1,252,339
Number of full-service branches | branch		9
Pacific Commerce Bancorp
Business Acquisition [Line Items]
Valuation of merger	$ 133,300
Valuation of merger (in usd per share) | $ / shares	$ 13.686743
Weighted average price (in usd per share) | $ / shares	$ 28.7
Exchange ratio (in shares)	0.47689			0.46531
Common stock, shares issued (in shares) | shares	4,386,816
Rollover options issued in connection with acquisition (in shares) | shares	420,393
Fair value of rollover options	$ 7,400
Rollover options issued and exercisable in common stock (in shares) | shares	278,096
Rollover options exercisable into common stock (in shares) | shares	142,297
Number of full-service branches | branch	6
Pacific Commerce Bancorp
Business Acquisition [Line Items]
Total assets	$ 544,700
Gross loans of acquiree	414,900
Total deposits of acquiree	$ 474,800

BUSINESS COMBINATION - Schedule

BUSINESS COMBINATION - Schedule of Assets and Liabilities Acquired (Details) - USD ($) $ in Thousands	Jul. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Purchase consideration:
Goodwill recognized		$ 73,425	$ 73,425	$ 0
Pacific Commerce Bancorp
Assets acquired:
Cash and cash equivalents	$ 111,035
Loans held for investment, net	399,822
Investment in restricted stock, at cost	4,148
Premises and equipment	719
Servicing assets	1,054
Cash surrender value of bank-owned life insurance	4,712
Deferred taxes	4,612
Core deposit intangible	6,908
Accrued interest receivable and other assets	3,487
Total assets acquired	536,497
Liabilities assumed:
Deposits	474,925
Accrued interest payable and other liabilities	1,724
Total liabilities assumed	476,649
Net assets acquired	59,848
Purchase consideration:
Fair value of shares of First Choice Bancorp issued in the merger	125,902
Fair value of equity awards exchanged	7,371
Total purchase consideration	133,273
Goodwill recognized	$ 73,425

BUSINESS COMBINATION - Fair Val

BUSINESS COMBINATION - Fair Value of Loans Acquired (Details) - Pacific Commerce Bancorp $ in Thousands	Jul. 31, 2018USD ($)
Business Acquisition [Line Items]
Contractual amounts receivable	$ 507,720
Contractual cash flows not expected to be collected	(8,520)
Expected cash flows	499,200
Interest component of expected cash flows	(102,431)
Fair value of loans acquired, excluding PCI loans	396,769
PCI Loans
Business Acquisition [Line Items]
Contractual amounts receivable	8,580
Nonaccretable difference (contractual cash flows not expected to be collected)	(3,416)
Expected cash flows	5,164
Accretable yield	(2,111)
Fair value of loans acquired, excluding PCI loans	$ 3,053

INVESTMENT SECURITIES - Carryin

INVESTMENT SECURITIES - Carrying Amount of Held-to-Maturity and Available-for-Sale Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Securities available-for-sale:
Amortized Cost	$ 26,661	$ 30,536
Gross Unrealized Gains	130	2
Gross Unrealized Losses	(138)	(995)
Securities available-for-sale	26,653	29,543
Securities held-to-maturity:
Amortized Cost	5,056	5,322
Gross Unrealized Gains	36	0
Gross Unrealized Losses	(15)	(227)
Securities held-to-maturity	5,077	5,095
Mortgage-backed securities
Securities available-for-sale:
Amortized Cost	7,480	9,177
Gross Unrealized Gains	20	0
Gross Unrealized Losses	(69)	(333)
Securities available-for-sale	7,431	8,844
Securities held-to-maturity:
Amortized Cost	1,714	1,982
Gross Unrealized Gains	27	0
Gross Unrealized Losses	(15)	(105)
Securities held-to-maturity	1,726	1,877
Collateralized mortgage obligations
Securities available-for-sale:
Amortized Cost	10,571	11,731
Gross Unrealized Gains	52	2
Gross Unrealized Losses	(25)	(272)
Securities available-for-sale	10,598	11,461
SBA Pools
Securities available-for-sale:
Amortized Cost	8,610	9,628
Gross Unrealized Gains	58	0
Gross Unrealized Losses	(44)	(390)
Securities available-for-sale	8,624	9,238
U.S. Government and agency securities
Securities held-to-maturity:
Amortized Cost	3,342	3,340
Gross Unrealized Gains	9	0
Gross Unrealized Losses	0	(122)
Securities held-to-maturity	$ 3,351	$ 3,218

INVESTMENT SECURITIES - Investm

INVESTMENT SECURITIES - Investments by Maturity Dates (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Amortized Cost
Due in one year or less	$ 0
Due after one year through five years	3,342
Due after five years through ten years	0
Due after ten years	1,714
Amortized Cost	5,056	$ 5,322
Fair Value
Due in one year or less	0
Due after one year through five years	3,351
Due after five years through ten years	0
Due after ten years	1,726
Securities held-to-maturity	5,077	5,095
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	26,661
Amortized Cost	26,661	30,536
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	26,653
Securities available-for-sale	$ 26,653	$ 29,543

INVESTMENT SECURITIES - Additi

INVESTMENT SECURITIES - Additional Information (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018	Jul. 31, 2018	Jan. 01, 2018
Concentration Risk [Line Items]
Sale of available-for-sale investment securities		$ 0	$ 1,200
Realized gain on sale of investment securities			0
Payments to acquire debt securities, available-for-sale		995	2,929
Held-to-maturity securities, pledged to Federal Reserve Bank		5,100
Cumulative adjustment – adoption of ASU No. 2016-01	[1]				$ 0
Equity securities, at fair value		2,694	2,538
Gross gains (losses) related to changes in fair value		82	(120)
Federal home loan bank stock		6,100
Payments to acquire federal home loan bank stock		0	226
Federal Reserve Bank stock owned		6,900	6,700
Payments to acquire federal reserve bank stock		132	6,700
AOCI Attributable to Parent
Concentration Risk [Line Items]
Cumulative adjustment – adoption of ASU No. 2016-01	[1]				24
Retained Earnings
Concentration Risk [Line Items]
Cumulative adjustment – adoption of ASU No. 2016-01	[1]				(24)
Community Reinvestment Act
Concentration Risk [Line Items]
Equity securities without readily determinable fair value		1,300	615
Payments to acquire equity securities without readily determinable fair value, amount		500
Payments to acquire equity securities without readily determinable fair value, additional amount		149	140
Mutual Funds
Concentration Risk [Line Items]
Equity securities, at fair value		2,700	2,500
Gross gains (losses) related to changes in fair value		82	(74)
Mutual Funds | Accounting Standards Update 2016-01 | AOCI Attributable to Parent
Concentration Risk [Line Items]
Cumulative adjustment – adoption of ASU No. 2016-01					$ 24
Other Bank Stock
Concentration Risk [Line Items]
Gross gains (losses) related to changes in fair value			$ (46)
Equity securities, restricted		1,000
Low Income Housing Tax Credit
Concentration Risk [Line Items]
Equity securities without readily determinable fair value		236
Equity securities without readily determinable fair value, capital contributions		$ 262
Minimum
Concentration Risk [Line Items]
FHLB required stock ownership percentage of membership asset value		1.00%
FHLB required stock ownership percentage of outstanding advances		2.70%
Pacific Commerce Bancorp
Concentration Risk [Line Items]
Federal home loan bank stock				$ 2,300
[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	Dec. 31, 2019	Dec. 31, 2018
Unrealized Losses
Less Than Twelve Months	$ (46)	$ (23)
Twelve Months Or Longer	(92)	(972)
Total	(138)	(995)
Fair Value
Less Than Twelve Months	4,385	3,524
Twelve Months Or Longer	7,559	25,427
Total	11,944	28,951
Unrealized Losses
Less Than Twelve Months	0	0
Twelve Months Or Longer	(15)	(227)
HTM, Total Gross Unrealized Losses	(15)	(227)
Fair Value
Less Than Twelve Months	0	0
Twelve Months Or Longer	790	5,095
Total	790	5,095
Mortgage-backed securities
Unrealized Losses
Less Than Twelve Months	0	(20)
Twelve Months Or Longer	(69)	(313)
Total	(69)	(333)
Fair Value
Less Than Twelve Months	0	2,397
Twelve Months Or Longer	6,271	6,447
Total	6,271	8,844
Unrealized Losses
Less Than Twelve Months	0	0
Twelve Months Or Longer	(15)	(105)
HTM, Total Gross Unrealized Losses	(15)	(105)
Fair Value
Less Than Twelve Months	0	0
Twelve Months Or Longer	790	1,877
Total	790	1,877
Collateralized mortgage obligations
Unrealized Losses
Less Than Twelve Months	(2)	(3)
Twelve Months Or Longer	(23)	(269)
Total	(25)	(272)
Fair Value
Less Than Twelve Months	1,342	1,127
Twelve Months Or Longer	1,288	9,742
Total	2,630	10,869
SBA Pools
Unrealized Losses
Less Than Twelve Months	(44)	0
Twelve Months Or Longer	0	(390)
Total	(44)	(390)
Fair Value
Less Than Twelve Months	3,043	0
Twelve Months Or Longer	0	9,238
Total	$ 3,043	9,238
U.S. Government and agency securities
Unrealized Losses
Less Than Twelve Months		0
Twelve Months Or Longer		(122)
HTM, Total Gross Unrealized Losses		(122)
Fair Value
Less Than Twelve Months		0
Twelve Months Or Longer		3,218
Total		$ 3,218

LOANS (Details)

LOANS (Details)	12 Months Ended
	Dec. 31, 2019USD ($)loan	Dec. 31, 2018USD ($)loan
Financing Receivable, Troubled Debt Restructuring [Line Items]
Loans pledged as collateral for Federal Home Loan Bank	$ 5,100,000
Recorded investment in loans identified as troubled debt restructuring	11,586,000	$ 2,049,000
Related allowance	$ 1,154,000	$ 0
Loans modified as troubled debt restructuring | loan	0	0
Loans modified as troubled debt restructuring, subsequent default	$ 88,000	$ 95,000
Loans held for sale, at lower of cost or fair value	7,659,000	28,022,000
Loans held for sale	8,400,000	29,200,000
Restructured Loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Recorded investment in loans identified as troubled debt restructuring	479,000	921,000
Related allowance	$ 0	$ 0

LOANS - Composition of Loan Por

LOANS - Composition of Loan Portfolio (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	$ 1,375,732	$ 1,251,118
Net deferred origination fees	(1,057)	(137)
Loans held for investment	1,374,675	1,250,981
Allowance for loan losses	(13,522)	(11,056)	$ (10,497)
Loans held for investment, net	1,361,153	1,239,925
Construction and Land Development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	249,504	184,177
Allowance for loan losses	(2,350)	(1,721)	(1,597)
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	309,011	281,718
Allowance for loan losses	(4,145)	(3,686)	(3,232)
SBA Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	177,633	146,462
Allowance for loan losses	(2,741)	(1,807)	(1,494)
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	430	159
Allowance for loan losses	(2)	0	(8)
Residential | Real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	43,736	57,443
Allowance for loan losses	(292)	(422)	(375)
Commercial real estate - owner occupied | Real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	171,595	179,494
Allowance for loan losses	(918)	(734)	(655)
Commercial real estate - non-owner occupied | Real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	423,823	401,665
Allowance for loan losses	(3,074)	(2,686)	$ (3,136)
Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	1,374,608	1,248,474
Net deferred origination fees	(1,057)	(137)
Loans held for investment	1,373,551	1,248,337
Allowance for loan losses	(13,522)	(11,056)
Loans held for investment, net	1,360,029	1,237,281
Loans | Construction and Land Development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	249,504	184,177
Loans | Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	308,548	281,121
Loans | SBA Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	177,080	145,622
Loans | Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	430	159
Loans | Residential | Real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	43,736	57,443
Loans | Commercial real estate - owner occupied | Real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	171,487	179,362
Loans | Commercial real estate - non-owner occupied | Real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	423,823	400,590
PCI Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	1,124	2,644
Net deferred origination fees	0	0
Loans held for investment	1,124	2,644
Allowance for loan losses	0	0
Loans held for investment, net	1,124	2,644
PCI Loans | Construction and Land Development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	0	0
PCI Loans | Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	463	597
PCI Loans | SBA Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	553	840
PCI Loans | Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	0	0
PCI Loans | Residential | Real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	0	0
PCI Loans | Commercial real estate - owner occupied | Real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	108	132
PCI Loans | Commercial real estate - non-owner occupied | Real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	$ 0	$ 1,075

LOANS - Loans Held for Investme

LOANS - Loans Held for Investment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	$ 1,385,142	$ 1,263,891
Unamortized net discounts	(9,410)	(12,773)
Net unamortized deferred origination fees	(1,057)	(137)
Loans held for investment	1,374,675	1,250,981
Loans held for investment	1,375,732	1,251,118
Loans held for investment, net	1,361,153	1,239,925
Pacific Commerce Bancorp
Accounts, Notes, Loans and Financing Receivable [Line Items]
Net discount on acquired loans	$ 6,000
Net discount on acquired loans, weighted average life	4 years 10 months 2 days
PCI Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Net unamortized deferred origination fees	$ 0	0
Loans held for investment	1,124	2,644
Loans held for investment	1,124	2,644
Loans held for investment, net	$ 1,124	$ 2,644
Loan Portfolio Concentration Risk | Loan Portfolio | PCI Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of PCI loans included in loan portfolio	0.08%	0.21%

LOANS - Allowance for Loan Loss

LOANS - Allowance for Loan Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of period	$ 11,056	$ 10,497
Provision for loan losses	2,800	1,520
Charge-offs	(579)	(1,149)
Recoveries	245	188
Net charge-offs	(334)	(961)
Balance, end of period	$ 13,522	$ 11,056

LOANS - Allowance for Loan Lo_2

LOANS - Allowance for Loan Losses by Portfolio Segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of period	$ 11,056	$ 10,497
Provision for (reversal of) loan losses	2,800	1,520
Charge-offs	(579)	(1,149)
Recoveries	245	188
Net recoveries (charge-offs)	(334)	(961)
Balance, end of period	13,522	11,056
Reserves:
Specific	1,154	0
General	12,368	11,056
Loans evaluated for impairment:
Individually	11,586	2,049
Collectively	1,363,022	1,246,425
Loans held for investment	1,375,732	1,251,118
Construction and Land Development
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of period	1,721	1,597
Provision for (reversal of) loan losses	629	124
Charge-offs	0	0
Recoveries	0	0
Net recoveries (charge-offs)	0	0
Balance, end of period	2,350	1,721
Reserves:
Specific	0	0
General	2,350	1,721
Loans evaluated for impairment:
Individually	0	0
Collectively	249,504	184,177
Loans held for investment	249,504	184,177
Commercial and Industrial
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of period	3,686	3,232
Provision for (reversal of) loan losses	969	805
Charge-offs	(567)	(539)
Recoveries	57	188
Net recoveries (charge-offs)	(510)	(351)
Balance, end of period	4,145	3,686
Reserves:
Specific	0	0
General	4,145	3,686
Loans evaluated for impairment:
Individually	229	89
Collectively	308,319	281,032
Loans held for investment	309,011	281,718
SBA Loans
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of period	1,807	1,494
Provision for (reversal of) loan losses	758	923
Charge-offs	(12)	(610)
Recoveries	188	0
Net recoveries (charge-offs)	176	(610)
Balance, end of period	2,741	1,807
Reserves:
Specific	939	0
General	1,802	1,807
Loans evaluated for impairment:
Individually	6,940	1,960
Collectively	170,140	143,662
Loans held for investment	177,633	146,462
Consumer
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of period	0	8
Provision for (reversal of) loan losses	2	(8)
Charge-offs	0	0
Recoveries	0	0
Net recoveries (charge-offs)	0	0
Balance, end of period	2	0
Reserves:
Specific	0	0
General	2	0
Loans evaluated for impairment:
Individually	0	0
Collectively	430	159
Loans held for investment	430	159
Residential | Real estate
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of period	422	375
Provision for (reversal of) loan losses	(130)	47
Charge-offs	0	0
Recoveries	0	0
Net recoveries (charge-offs)	0	0
Balance, end of period	292	422
Reserves:
Specific	0	0
General	292	422
Loans evaluated for impairment:
Individually	0	0
Collectively	43,736	57,443
Loans held for investment	43,736	57,443
Commercial real estate - owner occupied | Real estate
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of period	734	655
Provision for (reversal of) loan losses	184	79
Charge-offs	0	0
Recoveries	0	0
Net recoveries (charge-offs)	0	0
Balance, end of period	918	734
Reserves:
Specific	0	0
General	918	734
Loans evaluated for impairment:
Individually	3,049	0
Collectively	168,438	179,362
Loans held for investment	171,595	179,494
Commercial real estate - non-owner occupied | Real estate
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of period	2,686	3,136
Provision for (reversal of) loan losses	388	(450)
Charge-offs	0	0
Recoveries	0	0
Net recoveries (charge-offs)	0	0
Balance, end of period	3,074	2,686
Reserves:
Specific	215	0
General	2,859	2,686
Loans evaluated for impairment:
Individually	1,368	0
Collectively	422,455	400,590
Loans held for investment	423,823	401,665
PCI Loans
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of period	0
Balance, end of period	0	0
Loans evaluated for impairment:
Loans held for investment	1,124	2,644
PCI Loans | Construction and Land Development
Loans evaluated for impairment:
Loans held for investment	0	0
PCI Loans | Commercial and Industrial
Loans evaluated for impairment:
Loans held for investment	463	597
PCI Loans | SBA Loans
Loans evaluated for impairment:
Loans held for investment	553	840
PCI Loans | Consumer
Loans evaluated for impairment:
Loans held for investment	0	0
PCI Loans | Residential | Real estate
Loans evaluated for impairment:
Loans held for investment	0	0
PCI Loans | Commercial real estate - owner occupied | Real estate
Loans evaluated for impairment:
Loans held for investment	108	132
PCI Loans | Commercial real estate - non-owner occupied | Real estate
Loans evaluated for impairment:
Loans held for investment	$ 0	$ 1,075

LOANS - Risk Category of Loans

LOANS - Risk Category of Loans by Class (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, excluding PCI loans	$ 1,374,608
Loans held for investment	1,375,732	$ 1,251,118
Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, excluding PCI loans	1,350,002
Loans held for investment		1,223,121
Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, excluding PCI loans	0
Loans held for investment		20,396
Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, excluding PCI loans	24,606
Loans held for investment		4,957
Impaired
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, excluding PCI loans	11,300
Loans held for investment		1,700
Construction and Land Development
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, excluding PCI loans	249,504
Loans held for investment	249,504	184,177
Construction and Land Development | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, excluding PCI loans	249,504
Loans held for investment		184,177
Construction and Land Development | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, excluding PCI loans	0
Loans held for investment		0
Construction and Land Development | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, excluding PCI loans	0
Loans held for investment		0
Commercial and Industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, excluding PCI loans	308,548
Loans held for investment	309,011	281,718
Commercial and Industrial | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, excluding PCI loans	305,918
Loans held for investment		269,640
Commercial and Industrial | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, excluding PCI loans	0
Loans held for investment		8,341
Commercial and Industrial | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, excluding PCI loans	2,630
Loans held for investment		3,140
SBA Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, excluding PCI loans	177,080
Loans held for investment	177,633	146,462
SBA Loans | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, excluding PCI loans	166,820
Loans held for investment		137,740
SBA Loans | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, excluding PCI loans	0
Loans held for investment		6,065
SBA Loans | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, excluding PCI loans	10,260
Loans held for investment		1,817
Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, excluding PCI loans	430
Loans held for investment	430	159
Consumer | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, excluding PCI loans	430
Loans held for investment		159
Consumer | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, excluding PCI loans	0
Loans held for investment		0
Consumer | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, excluding PCI loans	0
Loans held for investment		0
Residential | Real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, excluding PCI loans	43,736
Loans held for investment	43,736	57,443
Residential | Real estate | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, excluding PCI loans	43,736
Loans held for investment		57,443
Residential | Real estate | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, excluding PCI loans	0
Loans held for investment		0
Residential | Real estate | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, excluding PCI loans	0
Loans held for investment		0
Commercial real estate - owner occupied | Real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, excluding PCI loans	171,487
Loans held for investment	171,595	179,494
Commercial real estate - owner occupied | Real estate | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, excluding PCI loans	161,863
Loans held for investment		174,505
Commercial real estate - owner occupied | Real estate | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, excluding PCI loans	0
Loans held for investment		4,857
Commercial real estate - owner occupied | Real estate | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, excluding PCI loans	9,624
Loans held for investment		0
Commercial real estate - non-owner occupied | Real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, excluding PCI loans	423,823
Loans held for investment	423,823	401,665
Commercial real estate - non-owner occupied | Real estate | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, excluding PCI loans	421,731
Loans held for investment		399,457
Commercial real estate - non-owner occupied | Real estate | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, excluding PCI loans	0
Loans held for investment		1,133
Commercial real estate - non-owner occupied | Real estate | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, excluding PCI loans	2,092
Loans held for investment		0
Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment	1,374,608	1,248,474
Loans | Construction and Land Development
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment	249,504	184,177
Loans | Commercial and Industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment	308,548	281,121
Loans | SBA Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment	177,080	145,622
Loans | Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment	430	159
Loans | Residential | Real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment	43,736	57,443
Loans | Commercial real estate - owner occupied | Real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment	171,487	179,362
Loans | Commercial real estate - non-owner occupied | Real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment	$ 423,823	$ 400,590

LOANS - Past Due and Nonaccrual

LOANS - Past Due and Nonaccrual Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Financing Receivable, Past Due [Line Items]
Total past due
Nonaccrual	11,265	$ 1,722
30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total past due	1,475	483
60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total past due	292	1
Over 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Total past due	0	0
Commercial and Industrial
Financing Receivable, Past Due [Line Items]
Nonaccrual	229	89
Commercial and Industrial | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total past due	4	3
Commercial and Industrial | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total past due	2	1
Commercial and Industrial | Over 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Total past due	0	0
SBA Loans
Financing Receivable, Past Due [Line Items]
Nonaccrual	6,619	1,633
SBA Loans | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total past due	0	0
SBA Loans | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total past due	0	0
SBA Loans | Over 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Total past due	0	0
Residential | Real estate
Financing Receivable, Past Due [Line Items]
Nonaccrual	0	0
Residential | Real estate | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total past due	1,471	480
Residential | Real estate | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total past due	290	0
Residential | Real estate | Over 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Total past due	0	$ 0
Commercial real estate - owner occupied | Real estate
Financing Receivable, Past Due [Line Items]
Nonaccrual	3,049
Commercial real estate - owner occupied | Real estate | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total past due	0
Commercial real estate - owner occupied | Real estate | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total past due	0
Commercial real estate - owner occupied | Real estate | Over 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Total past due	0
Commercial real estate - non-owner occupied | Real estate
Financing Receivable, Past Due [Line Items]
Nonaccrual	1,368
Commercial real estate - non-owner occupied | Real estate | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total past due	0
Commercial real estate - non-owner occupied | Real estate | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total past due	0
Commercial real estate - non-owner occupied | Real estate | Over 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Total past due	$ 0

LOANS - Individually Impaired L

LOANS - Individually Impaired Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Financing Receivable, Impaired [Line Items]
Unpaid principal balance	$ 12,116	$ 3,142
Recorded investment	11,586	2,049
Impaired loans, without specific reserve	8,028	2,049
Impaired loans, with specific reserve	3,558	0
Related allowance	1,154	0
Commercial and Industrial
Financing Receivable, Impaired [Line Items]
Unpaid principal balance	229	178
Recorded investment	229	89
Impaired loans, without specific reserve	229	89
Impaired loans, with specific reserve	0	0
Related allowance	0	0
SBA Loans
Financing Receivable, Impaired [Line Items]
Unpaid principal balance	7,344	2,964
Recorded investment	6,940	1,960
Impaired loans, without specific reserve	4,750	1,960
Impaired loans, with specific reserve	2,190	0
Related allowance	939	0
Troubled Debt Restructuring On Accrual
Financing Receivable, Impaired [Line Items]
Recorded investment	321	$ 327
Commercial real estate - non-owner occupied | Real estate
Financing Receivable, Impaired [Line Items]
Unpaid principal balance	1,411
Recorded investment	1,368
Impaired loans, without specific reserve	0
Impaired loans, with specific reserve	1,368
Related allowance	215
Commercial real estate - owner occupied | Real estate
Financing Receivable, Impaired [Line Items]
Unpaid principal balance	3,132
Recorded investment	3,049
Impaired loans, without specific reserve	3,049
Impaired loans, with specific reserve	0
Related allowance	$ 0

LOANS - Average Recorded Invest

LOANS - Average Recorded Investment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	$ 4,897	$ 1,783
Interest Income Recognized	78	26
Commercial and Industrial
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	385	201
Interest Income Recognized	0	0
SBA Loans
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	3,742	1,582
Interest Income Recognized	78	26
Commercial real estate - owner occupied | Real estate
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	535	0
Interest Income Recognized	0	0
Commercial real estate - non-owner occupied | Real estate
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	235	0
Interest Income Recognized	$ 0	$ 0

LOANS - Changes in Carrying Amo

LOANS - Changes in Carrying Amount and Accretable Yield of PCI Loans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Carrying Amount
Balance, beginning of period	$ 2,644	$ 0
Loans acquired	0	3,053
Accretion	2,007	219
Payments received	(3,563)	(565)
Increase in expected cash flows, net	36	(63)
Provision for loan losses	0	0
Balance, end of period	1,124	2,644
Accretable Yield
Balance, beginning of period	2,073	0
Loans acquired	0	2,111
Accretion	(2,007)	(219)
Increase in expected cash flows, net	1,110	181
Provision for loan losses	0	0
Balance, end of period	$ 1,176	$ 2,073

TRANSFERS AND SERVICING OF FI_3

TRANSFERS AND SERVICING OF FINANCIAL ASSETS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Jul. 31, 2018
Contractually Specified Servicing Fees, Late Fees, and Ancillary Fees Earned in Exchange for Servicing Financial Assets [Line Items]
Loans serviced for others	$ 278,600	$ 288,200
Servicing asset	3,202	3,186
Loans with no related servicing asset	63,800	89,800
Net servicing fees	850	509
SBA Loans
Contractually Specified Servicing Fees, Late Fees, and Ancillary Fees Earned in Exchange for Servicing Financial Assets [Line Items]
Loans serviced for others	214,800	198,400
Servicing asset at fair value	$ 3,200	3,300
Change in assumption, prepayment speed	18.70%
SBA loans sold	$ 61,600	25,000
Total gain on sale of SBA loans	3,700	1,500
Net servicing fees	850	509
Contractually specified servicing fees	$ 2,000	$ 1,500
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	7.70%
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	37.60%
Pacific Commerce Bancorp
Contractually Specified Servicing Fees, Late Fees, and Ancillary Fees Earned in Exchange for Servicing Financial Assets [Line Items]
Servicing assets acquired			$ 1,054

TRANSFERS AND SERVICING OF FI_4

TRANSFERS AND SERVICING OF FINANCIAL ASSETS - SBA Servicing Assets (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance, beginning of period	$ 3,186,000	$ 2,618,000
Additions	1,140,000	1,600,000
Amortization	(1,124,000)	(1,032,000)
Balance, end of period	3,202,000	3,186,000
Accelerated amortization	$ 146,000	$ 0

TRANSFERS AND SERVICING OF FI_5

TRANSFERS AND SERVICING OF FINANCIAL ASSETS - Prepayment Speeds and Assumptions (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)
Change in Estimated Fair Value
Prepayment speeds	$ (176)
Prepayment speeds	(335)
Discount rate	(82)
Discount rate	$ (161)
Minimum
Change in Assumption
Prepayment speeds (as a percent)	10.00%
Prepayment speeds (as a percent)	1.00%
Maximum
Change in Assumption
Prepayment speeds (as a percent)	20.00%
Prepayment speeds (as a percent)	2.00%

PREMISES AND EQUIPMENT - Summar

PREMISES AND EQUIPMENT - Summary of Premises and Equipment (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Total premises and equipment, net		$ 5,538	$ 5,102
Less: Impairment	$ 0	(207)
Less: Accumulated depreciation and amortization		(3,789)	(3,129)
Total premises and equipment, net		1,542	1,973
Construction in progress
Property, Plant and Equipment [Line Items]
Total premises and equipment, net		6	0
Leasehold improvements
Property, Plant and Equipment [Line Items]
Total premises and equipment, net		1,877	1,987
Furniture, fixtures, and equipment
Property, Plant and Equipment [Line Items]
Total premises and equipment, net		$ 3,655	$ 3,115

PREMISES AND EQUIPMENT (Details

PREMISES AND EQUIPMENT (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 860	$ 584

LEASES (Details)

LEASES (Details) - USD ($) $ in Thousands	Jan. 01, 2019	Dec. 31, 2019
Lessee, Lease, Description [Line Items]
Operating lease, right-of-use asset		$ 6,633
Operating lease, liability		$ 7,071
Operating lease, impairment loss	$ 820
Impairment of long-lived assets	387
Impairment of long-lived assets to be disposed of	180
Minimum
Lessee, Lease, Description [Line Items]
Remaining term of contract		1 year 1 month 2 days
Maximum
Lessee, Lease, Description [Line Items]
Remaining term of contract		5 years 4 days
Accounting Standards Update 2016-02
Lessee, Lease, Description [Line Items]
Operating lease, right-of-use asset	6,000
Operating lease, liability	$ 6,100

LEASES Balance Sheet and Supple

LEASES Balance Sheet and Supplemental Information (Details) $ in Thousands	Dec. 31, 2019USD ($)
Balance Sheet and Supplemental Information
Operating lease ROU assets classified as other assets	$ 6,633
Operating lease liability classified as other liabilities	$ 7,071
Weighted average remaining lease term, in years	3 years 1 month 10 days
Weighted average discount rate	2.23%

LEASES Lease Cost (Details)

LEASES Lease Cost (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)
Lease Costs
Operating lease cost	$ 2,189
Variable lease cost	198
Short-term lease cost	20
Total lease costs	2,407
Other Information
ROU asset impairment expense	1,207
Cash paid for amounts included in the measurement of lease liabilities	$ 2,200

LEASES Maturities of Lease Liab

LEASES Maturities of Lease Liabilities (Details) $ in Thousands	Dec. 31, 2019USD ($)
Leases [Abstract]
2020	$ 2,347
2021	2,210
2022	1,954
2023	649
2024	174
Thereafter	0
Total future minimum lease payments	7,334
Less: Imputed interest	(263)
Present value of net future minimum lease payments	$ 7,071

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Jul. 31, 2018	Dec. 31, 2017
Finite-Lived Intangible Assets [Line Items]
Goodwill recognized	$ 73,425,000	$ 73,425,000		$ 0
Goodwill, period increase (decrease)	0
Amortization of Intangible Assets	848,000	332,000
Impairment recognized on goodwill and intangible assets	$ 0	$ 0
Pacific Commerce Bancorp
Finite-Lived Intangible Assets [Line Items]
Goodwill recognized			$ 73,425,000
Core deposit intangible			6,908,000
Pacific Commerce Bancorp | Core Deposit Intangibles
Finite-Lived Intangible Assets [Line Items]
Core deposit intangible			$ 6,900,000

GOODWILL AND OTHER INTANGIBLE_4

GOODWILL AND OTHER INTANGIBLE ASSETS - Schedule of Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Goodwill [Roll Forward]
Balance, beginning of period	$ 73,425	$ 0
Goodwill recognized	0	73,425
Balance, end of period	$ 73,425	$ 73,425

GOODWILL AND OTHER INTANGIBLE_5

GOODWILL AND OTHER INTANGIBLE ASSETS - Schedule of Changes in CDI (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Core deposit intangible:
Core deposit intangible, beginning of period	$ 6,908	$ 0
Additions	0	6,908
Core deposit intangible, end of period	6,908	6,908
Accumulated amortization, beginning of period	(332)	0
Amortization	(848)	(332)
Accumulated amortization, ending of period	(1,180)	(332)
Core deposit intangible, end of period	5,728	6,576
Core Deposit Intangibles
Core deposit intangible:
Core deposit intangible, end of period	$ 5,728	$ 6,576

GOODWILL AND OTHER INTANGIBLE_6

GOODWILL AND OTHER INTANGIBLE ASSETS - Schedule of Estimated Amortization Expense (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Core deposit intangible, end of period	$ 5,728	$ 6,576
Core Deposit Intangibles
Finite-Lived Intangible Assets [Line Items]
2020	771
2021	753
2022	732
2023	707
2024	678
Thereafter	2,087
Core deposit intangible, end of period	$ 5,728	$ 6,576

DEPOSITS (Details)

DEPOSITS (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Banking and Thrift [Abstract]
Depositor relationships, percentage of total deposits	28.00%	25.00%
Time deposits, brokered, non-maturity	$ 48.1	$ 21.6
Time deposits, brokered	50.4	53.4
Time deposits, equaling or exceeding FDIC insurance limit	61.7	$ 109.4
State public deposits	$ 79.5

DEPOSITS - Scheduled Maturities

DEPOSITS - Scheduled Maturities of Time Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Banking and Thrift [Abstract]
2019	$ 137,939
2020	20,298
2021	10,057
2022	4,255
2023	209
Thereafter	0
Total	$ 172,758	$ 240,503

BORROWING ARRANGEMENTS (Details

BORROWING ARRANGEMENTS (Details)	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2019USD ($)bank	Dec. 31, 2018USD ($)
Debt Instrument [Line Items]
Loans pledged as collateral for Federal Home Loan Bank		$ 5,100,000
Average balance of short term borrowings		$ 49,300,000	$ 22,700,000
Advances From Federal Home Loan Bank, Average Interest Rate		2.29%	1.76%
Primary correspondent bank | bank		5
Senior secured notes		$ 9,600,000	$ 8,450,000
Bank leverage ratio		9.00%
Tier 1 capital ratio		11.00%
Tier 1 capital ratio, amount		$ 150,000,000
Total capital ratio		12.00%
CET 1 capital ratio		11.00%
Bank trailing return on average assets		1.00%
Tier 1 leverage capital plus the allowance for loan losses		35.00%
Prime Rate
Debt Instrument [Line Items]
Variable rate	0.25%
Federal Reserve Bank
Debt Instrument [Line Items]
Loans pledged as collateral with the FHLB		$ 252,400,000
Maximum borrowing capacity		177,110,000
Collateral amount		5,100,000
Unsecured Debt
Debt Instrument [Line Items]
Total borrowing capacity, Federal Home Loan Bank borrowing		77,000,000
Overnight borrowings		0	14,998,000
Average borrowings, overnight borrowing arrangements		$ 631,000	$ 441,000
Weighted average interest rate		2.69%	2.43%
Secured Debt
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 25,000,000
Percentage of facility secured by subsidiary's common stock		100.00%
Weighted average interest rate		5.68%	5.46%
Effective percentage		5.00%	5.75%
Senior secured notes			$ 8,500,000
Average outstanding borrowing		$ 11,900,000	4,500,000
Federal Home Loan Bank Advances
Debt Instrument [Line Items]
Total borrowing capacity, Federal Home Loan Bank borrowing		407,300,000
Line of credit facility, remaining borrowing capacity		229,800,000
Loans pledged as collateral for Federal Home Loan Bank		1,100,000,000
Loans pledged as collateral with the FHLB		738,000,000
Federal Home Loan Bank borrowings		0	$ 90,000,000
Interest rate, Federal Home Loan Bank borrowings			2.56%
Amount of secured FHLB borrowing capacity used		87,500,000
Affiliated Entity | Secured Debt
Debt Instrument [Line Items]
Maximum borrowing capacity		15,400,000
Long Term Fixed Rate Advance Maturing June 2021 | Federal Home Loan Bank Advances
Debt Instrument [Line Items]
Federal Home Loan Bank borrowings		$ 30,000,000	$ 0
Interest rate, Federal Home Loan Bank borrowings		1.93%
Short Term Fixed Rate Advance Maturing March 2020 | Federal Home Loan Bank Advances
Debt Instrument [Line Items]
Federal Home Loan Bank borrowings		$ 60,000,000
Interest rate, Federal Home Loan Bank borrowings		1.72%

INCOME TAXES - Income Tax Expen

INCOME TAXES - Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Current income tax expense
Federal	$ 6,290	$ 4,145
State	3,573	2,315
Total current income tax expense	9,863	6,460
Deferred income tax expense/(benefit)
Federal	1,269	102
State	942	99
Change in Federal tax rate	0	(226)
Total deferred income tax expense/(benefit)	2,211	(25)
Actual tax expense	$ 12,074	$ 6,435

INCOME TAXES - Deferred Tax Ass

INCOME TAXES - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Deferred tax assets:
Allowance for loan losses due to tax limitations	$ 3,998	$ 2,935
Organizational expenses	197	251
State taxes	752	569
Non-qualified stock options	235	1,425
Restricted stock	383	359
Accrued expenses	0	540
Depreciation differences	234	187
Unrecognized loss on securities available-for-sale	3	293
Fair value adjustment on acquired loans	2,350	3,970
Net operating losses	143	368
Other items	866	957
Total deferred tax assets	9,161	11,854
Deferred tax liabilities:
Core deposit intangibles	(1,693)	(1,944)
Deferred loan costs	(1,246)	(1,008)
Other items	(59)	(236)
Total deferred tax liabilities	(2,998)	(3,188)
Deferred taxes, net	$ 6,163	$ 8,666

INCOME TAXES - Federal Statutor

INCOME TAXES - Federal Statutory Income Tax Rates (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Amount
Statutory Federal tax	$ 8,384	$ 4,538
State franchise tax, net of Federal benefit	3,392	1,912
Change in Federal tax rate	0	(226)
Nondeductible merger expenses	0	168
Other items, net	298	43
Actual tax expense	$ 12,074	$ 6,435
Rate
Statutory Federal tax	21.00095%	21.04336%
State franchise tax, net of Federal benefit	8.50%	8.90%
Change in Federal tax rate	0.00%	(1.00%)
Nondeductible merger expenses	0.00%	0.80%
Other items, net	0.70%	0.10%
Actual tax expense	30.20%	29.80%

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Business Acquisition [Line Items]
Provisional tax expense (benefit), Tax Cuts and Jobs Act of 2017			$ 1,800,000
Measurement period adjustments, tax expense (benefit)	$ 0	$ (226,000)
Income taxes	$ 12,074,000	$ 6,435,000
Effective income tax rate	30.20%	29.80%
Effective income tax rate, federal and state	29.60%	29.60%
Unrecognized tax benefits	$ 113,000	$ 480,000	$ 0
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	0
Decrease in unrecognized tax benefits due to expiration of statue of limitations for assessment of taxes	113,000
Interest and penalties accrued on unrecognized tax benefits	19,000	59,000
Non-qualified stock options	235,000	$ 1,425,000
Federal Tax Authority
Business Acquisition [Line Items]
Limited net operating loss carryforward	523,000
Net operating loss carryforward, subject to annual limitations	720,000
California Tax Authority
Business Acquisition [Line Items]
Limited net operating loss carryforward	385,000
Net operating loss carryforward, subject to annual limitations	$ 1,200,000

INCOME TAXES - Unrecognized Tax

INCOME TAXES - Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Beginning balance	$ 480	$ 0
Additional based on tax positions related to prior years	0	480
Expiration of the statute of limitations	(367)	0
Ending balance	$ 113	$ 480

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Financial Commitments (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial commitments	$ 386,469	$ 380,159
Commitments to extend credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial commitments	376,879	375,755
Standby letters of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial commitments	7,616	4,019
Commitments to contribute capital to low income housing tax credit projects
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial commitments	1,738	0
Commitments to contribute capital to other CRA equity investments
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial commitments	$ 236	$ 385

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Jul. 31, 2018
Loss Contingencies [Line Items]
Allowance for unfunded commitments	$ 1,200	$ 1,400
Qualified affordable housing project investments, commitment	$ 2,000	$ 385
Pacific Commerce Bancorp
Loss Contingencies [Line Items]
Allowance for unfunded commitments			$ 370

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018	Jul. 31, 2018
Related Party Transaction [Line Items]
Deposits from related party, held by the Company	$ 35,000,000	$ 33,200,000
Senior secured notes	9,600,000	8,450,000
Deposits	1,313,693,000	1,252,339,000
Equity securities, at fair value	2,694,000	2,538,000
Director
Related Party Transaction [Line Items]
Deposits	1,400,000	650,000
Equity securities, at fair value	102,000	102,000
Participating mortgage loans, mortgage obligations, amount	16,300,000	29,500,000
Secured Debt
Related Party Transaction [Line Items]
Senior secured facility	25,000,000
Senior secured notes		8,500,000
Senior notes, average outstanding borrowing	11,900,000	$ 4,500,000
Secured Debt | Director
Related Party Transaction [Line Items]
Senior secured facility			$ 25,000,000
Senior secured notes	9,600,000
Senior notes, average outstanding borrowing	$ 0
Federal Fund | Director
Related Party Transaction [Line Items]
Senior secured facility			$ 20,000,000

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Details) - USD ($)	Jul. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense		$ 1,900,000	$ 1,700,000
Unrecognized compensation cost		0
Options, exercises in period, intrinsic value		2,700,000	1,500,000
Proceeds from exercise of stock options, net		$ 2,593,000	$ 1,128,000
Options exercisable, weighted average remaining contractual term		3 years 10 months 20 days	2 years 2 months
Options outstanding, intrinsic value		$ 2,300,000	$ 4,600,000
Options exercisable, intrinsic value		$ 2,300,000
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration period		10 years
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		$ 851,000
Nonvested award, cost not yet recognized, period for recognition		3 years 1 month 6 days
Options, vested in period, intrinsic value		$ 1,600,000	$ 2,100,000
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)		300,000
Pacific Commerce Bancorp
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Rollover options issued in connection with acquisition (in shares)	420,393
Fair value of rollover options	$ 7,400,000
Pacific Commerce Bancorp | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Remaining term of rollover options	30 days
Pacific Commerce Bancorp | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Remaining term of rollover options	7 years 7 months 1 day

STOCK-BASED COMPENSATION - Summ

STOCK-BASED COMPENSATION - Summary of Outstanding Stock Options (Details) - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Shares
Outstanding, beginning of period (in shares)	383,212	65,978
Rollover options (in shares)	0	420,393
Exercised (in shares)	(245,295)	(103,159)
Granted (in shares)	0	0
Forfeited (in shares)	(386)	0
Outstanding, end of period (in shares)	137,531	383,212
Option exercisable (in shares)	137,531	381,048
Weighted Average Exercise Price
Outstanding, beginning of period (in dollars per share)	$ 10.44	$ 10.17
Rollover options (in dollars per share)	0	10.60
Exercised (in dollars per share)	10.57	10.93
Granted (in dollars per share)	0	0
Forfeited (in dollars per share)	12.94	0
Outstanding, end of period (in dollars per share)	10.20	10.44
Option exercisable (in dollars per share)	$ 10.20	$ 10.43

STOCK-BASED COMPENSATION - Su_2

STOCK-BASED COMPENSATION - Summary of Outstanding Restricted Shares (Details) - Restricted Stock - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Shares
Nonvested, beginning of period (in shares)	84,120	142,553
Granted (in shares)	117,970	31,873
Shares vested (in shares)	(70,090)	(83,115)
Shares forfeited (in shares)	(18,365)	(7,191)
Nonvested, end of period (in shares)	113,635	84,120
Weighted Average Grant-Date Fair Value
Nonvested, beginning of period (in dollars per share)	$ 23.90	$ 20.28
Granted (in dollars per share)	22.19	26.60
Shares vested (in dollars per share)	23.39	22.46
Shares forfeited (in dollars per share)	23.50	20.62
Nonvested, end of period (in dollars per share)	$ 22.50	$ 23.90

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Numerator for basic net income per share:
Net income	$ 27,848	$ 15,130
Less: dividends and net income allocated to participating securities	(278)	(134)
Net income available to common shareholders	$ 27,570	$ 14,996
Denominator for basic net income per share:
Basic weighted average common shares outstanding during the period (in shares)	11,586,651	9,015,203
Denominator for diluted net income per share:
Basic weighted average common shares outstanding during the period (in shares)	11,586,651	9,015,203
Net effect of dilutive stock options (in shares)	100,438	128,039
Diluted weighted average common shares (in shares)	11,687,089	9,143,242
Net income per common share:
Basic (in usd per share)	$ 2.38	$ 1.66
Diluted (in usd per share)	$ 2.36	$ 1.64

RETIREMENT SAVINGS PLAN (Detail

RETIREMENT SAVINGS PLAN (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Retirement Benefits [Abstract]
Maximum annual contributions per employee, percent	96.00%
Employer contributions to 401(k) plan	$ 593	$ 401

REGULATORY MATTERS - Actual Cap

REGULATORY MATTERS - Actual Capital Amount and Ratio (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Actual
Total Capital (to Risk-Weighted Assets)	$ 208,233	$ 191,045
Tier 1 Capital (to Risk-Weighted Assets)	193,536	178,614
CET1 Capital (to Risk-Weighted Assets)	193,536	178,614
Tier 1 Capital (to Average Assets)	$ 193,536	$ 178,614
Total Capital (to Risk-Weighted Assets), ratio	14.03%	14.18%
Tier 1 Capital (to Risk-Weighted Assets), ratio	13.04%	13.26%
CET1 Capital (to Risk-Weighted Assets), ratio	13.04%	13.26%
Tier 1 Capital (to Average Assets), ratio	12.01%	12.03%
For Capital Adequacy Purposes
Total Capital (to Risk-Weighted Assets)	$ 118,750	$ 107,801
Tier 1 Capital (to Risk-Weighted Assets)	89,063	80,851
CET1 Capital (to Risk-Weighted Assets)	66,797	60,638
Tier 1 Capital (to Average Assets)	$ 64,437	$ 62,546
Total Capital (to Risk-Weighted Assets), ratio	8.00%	8.00%
Tier 1 Capital (to Risk Weighted Assets), ratio	6.00%	6.00%
CET 1 Capital (to Risk Weighted Asset), ratio	4.50%	4.50%
Tier 1 Capital (to Average Assets), ratio	4.00%	4.00%
For Well Capitalized Requirement
Total Capital (to Risk-Weighted Assets)	$ 148,438	$ 134,751
Tier 1 Capital (to Risk-Weighted Assets)	118,750	107,801
CET1 Capital (to Risk-Weighted Assets)	96,485	87,588
Tier 1 Capital (to Average Assets)	$ 80,546	$ 78,182
Total Capital (to Risk Weighted Assets), ratio	10.00%	10.00%
Tier 1 Capital (to Risk Weighted Assets), ratio	8.00%	8.00%
CET 1 Capital (to Risk Weighted Assets), ratio	6.50%	6.50%
Tier 1 Capital (to Average Assets), ratio	5.00%	5.00%

FAIR VALUE MEASUREMENTS - Fair

FAIR VALUE MEASUREMENTS - Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Financial Assets:
Securities available-for-sale	$ 26,653	$ 29,543
Securities held-to-maturity	5,077	5,095
Equity securities	2,694	2,538
Loans held for sale	8,400	29,200
Restricted stock investments, at cost	12,986	12,855
Servicing asset	3,202	3,186	$ 2,618
Financial Liabilities:
Senior secured notes	9,600	8,450
Level 1 | Carrying Amount
Financial Assets:
Cash and cash equivalents	161,801	197,376
Equity securities	2,694	2,538
Level 1 | Fair Value
Financial Assets:
Cash and cash equivalents	161,801	197,376
Equity securities	2,694	2,538
Level 2 | Carrying Amount
Financial Assets:
Securities available-for-sale	26,653	29,543
Securities held-to-maturity	5,056	5,322
Loans held for sale	7,659	28,022
Restricted stock investments, at cost	12,986	12,855
Accrued interest receivable	5,451	5,069
Financial Liabilities:
Deposits	1,313,693	1,252,339
Borrowings	90,000	104,998
Senior secured notes	9,600	8,450
Accrued interest payable	203	366
Level 2 | Fair Value
Financial Assets:
Securities available-for-sale	26,653	29,543
Securities held-to-maturity	5,077	5,095
Loans held for sale	8,420	29,238
Restricted stock investments, at cost	12,986	12,855
Accrued interest receivable	5,451	5,069
Financial Liabilities:
Deposits	1,316,287	1,250,555
Borrowings	91,029	104,998
Senior secured notes	9,600	8,450
Accrued interest payable	203	366
Level 3 | Carrying Amount
Financial Assets:
Loan held for investment, net	1,361,153	1,239,925
Servicing asset	3,202	3,186
Level 3 | Fair Value
Financial Assets:
Loan held for investment, net	1,393,282	1,265,013
Servicing asset	$ 3,246	$ 3,295

FAIR VALUE MEASUREMENTS - Recur

FAIR VALUE MEASUREMENTS - Recurring and Nonrecurring Fair Value Measurements (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	$ 26,653	$ 29,543
Equity securities	2,694	2,538
Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	7,431	8,844
Collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	10,598	11,461
SBA Pools
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	8,624	9,238
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	26,653	29,543
Fair Value, Measurements, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	0	0
Fair Value, Measurements, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	26,653	29,543
Fair Value, Measurements, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	0	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	7,431	8,844
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	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	7,431	8,844
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	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	10,598	11,461
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	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	10,598	11,461
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	0
Fair Value, Measurements, Recurring | SBA Pools
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	8,624	9,238
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	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	8,624	9,238
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	0
Fair Value, Measurements, Recurring | Mutual fund investment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities	2,694	2,538
Fair Value, Measurements, Recurring | Mutual fund investment | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities	2,694	2,538
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	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	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	3,600	690
Total nonrecurring losses recognized for impaired loans	$ 1,200	$ 591
Measurement Input, Discount Rate | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount rates used in nonrecurring fair value measurements	0.08	0.08
Measurement Input, Discount Rate | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount rates used in nonrecurring fair value measurements	0.1	0.1

REVENUE RECOGNITION (Details)

REVENUE RECOGNITION (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Disaggregation of Revenue [Line Items]
Noninterest income, in-scope:	$ 2,123	$ 1,355
Total noninterest income, not in-scope	5,577	2,255
Total noninterest income	7,700	3,610
Service charges and fees on deposit accounts
Disaggregation of Revenue [Line Items]
Noninterest income, in-scope:	1,942	1,241
Other income
Disaggregation of Revenue [Line Items]
Noninterest income, in-scope:	181	114
Total noninterest income, not in-scope	971	361
Gain on sale of loans
Disaggregation of Revenue [Line Items]
Total noninterest income, not in-scope	3,674	1,505
Net servicing fees
Disaggregation of Revenue [Line Items]
Total noninterest income, not in-scope	850	509
Change in fair value of equity securities
Disaggregation of Revenue [Line Items]
Total noninterest income, not in-scope	$ 82	$ (120)

CONDENSED FINANCIAL INFORMATI_3

CONDENSED FINANCIAL INFORMATION (PARENT COMPANY ONLY) - Condensed Balance Sheets (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
ASSETS
Cash and cash equivalents	$ 161,801	$ 197,376
Other assets	16,811	8,025
TOTAL ASSETS	1,690,324	1,622,501
LIABILITIES AND SHAREHOLDERS’ EQUITY
Senior secured notes	9,600	8,450
Total liabilities	1,428,519	1,374,432
Shareholders’ equity:
Preferred stock	0	0
Common stock	216,398	217,514
Additional paid-in capital	3,493	7,269
Retained earnings	41,920	23,985
Accumulated other comprehensive loss	(6)	(699)
Total shareholders’ equity	261,805	248,069	$ 105,694
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	1,690,324	1,622,501
Parent Company
ASSETS
Cash and cash equivalents	337	173
Investment in Bank subsidiary	271,189	256,330
Taxes receivable	0	36
Other assets	21	43
TOTAL ASSETS	271,547	256,582
LIABILITIES AND SHAREHOLDERS’ EQUITY
Accrued expenses	13	48
Taxes payable	129	0
Intercompany payable	0	15
Senior secured notes	9,600	8,450
Total liabilities	9,742	8,513
Shareholders’ equity:
Preferred stock	0	0
Common stock	216,398	217,514
Additional paid-in capital	3,493	7,269
Retained earnings	41,920	23,985
Accumulated other comprehensive loss	(6)	(699)
Total shareholders’ equity	261,805	248,069
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 271,547	$ 256,582

CONDENSED FINANCIAL INFORMATI_4

CONDENSED FINANCIAL INFORMATION (PARENT COMPANY ONLY) - Condensed Statements of Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Condensed Income Statements, Captions [Line Items]
Dividends from Bank subsidiary	$ 90,354	$ 64,377
Expense:
Interest expense	12,092	8,710
Salaries and employee benefits	25,691	18,077
Professional fees	1,633	1,598
Data processing	2,864	2,293
Merger, integration and public company registration costs	0	5,385
Income (loss) before income taxes and equity in undistributed earnings of Bank subsidiary	39,922	21,565
Income taxes	12,074	6,435
Net income	27,848	15,130
Parent Company
Condensed Income Statements, Captions [Line Items]
Dividends from Bank subsidiary	19,000	0
Expense:
Interest expense	678	248
Salaries and employee benefits	261	208
Professional fees	136	322
Data processing	28	37
Merger, integration and public company registration costs	0	126
Other expenses	190	215
Total expense	1,293	1,156
Income (loss) before income taxes and equity in undistributed earnings of Bank subsidiary	17,707	(1,156)
Income taxes	(383)	(306)
Income (loss) before equity in undistributed earnings of Bank subsidiary	18,090	(850)
Equity in undistributed earnings of Bank subsidiary	9,758	15,980
Net income	$ 27,848	$ 15,130

CONDENSED FINANCIAL INFORMATI_5

CONDENSED FINANCIAL INFORMATION (PARENT COMPANY ONLY) - Condensed Statements of Cash Flows (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
OPERATING ACTIVITIES
Net income	$ 27,848	$ 15,130
Changes in other asset and liabilities:
Net cash provided by operating activities	60,363	342
INVESTING ACTIVITIES
Net cash (used in) provided by investing activities	(126,690)	3,625
FINANCING ACTIVITIES
Advances from senior secured notes	1,150	8,100
Dividends paid	(9,927)	(7,584)
Repurchase of shares	(9,420)	(1,100)
Proceeds from exercise of stock options, net	2,593	1,128
Net cash provided by financing activities	30,752	90,277
Net change in cash and cash equivalents	(35,575)	94,244
Cash and cash equivalents, beginning of period	197,376	103,132
Cash and cash equivalents, end of period	161,801	197,376
Parent Company
OPERATING ACTIVITIES
Net income	27,848	15,130
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed earnings of Bank subsidiary	(9,758)	(15,980)
Changes in other asset and liabilities:
Taxes receivable	164	99
Accrued expenses	(35)	(30)
Intercompany payable	0	7
Other items, net	(2,451)	(29)
Net cash provided by operating activities	15,768	(803)
INVESTING ACTIVITIES
Acquisition of business, net of cash acquired	0	325
Net cash (used in) provided by investing activities	0	325
FINANCING ACTIVITIES
Advances from senior secured notes	1,150	8,100
Dividends paid	(9,927)	(7,584)
Repurchase of shares	(9,420)	(1,100)
Proceeds from exercise of stock options, net	2,593	1,128
Net cash provided by financing activities	(15,604)	544
Net change in cash and cash equivalents	164	66
Cash and cash equivalents, beginning of period	173	107
Cash and cash equivalents, end of period	$ 337	$ 173

EQUITY (Details)

EQUITY (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 03, 2018
Equity, Class of Treasury Stock [Line Items]
Cash dividends (in dollars per share)	$ 0.25	$ 0.25	$ 0.25	$ 0.25	$ 0.2	$ 0.20	$ 0.20	$ 0.20	$ 0.85	$ 0.80
Cash dividends declared									$ 9,900	$ 7,600
Repurchase of shares, value									$ 120	$ 308
Stock Repurchase Plan
Equity, Class of Treasury Stock [Line Items]
Number of shares authorized for stock repurchase (in shares)											1,200,000
Percentage of shares outstanding authorized to be repurchased											10.00%
Repurchase of shares (in shares)	13,547								429,817
Repurchase of shares, average price per share (in dollars per share)	$ 22.80								$ 21.64
Repurchase of shares, value	$ 309								$ 9,300
Remaining number of shares authorized for repurchase (in shares)	733,900								733,900

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - USD ($) $ / shares in Units, $ in Thousands	Feb. 06, 2020	Mar. 13, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Mar. 05, 2020
Subsequent Event [Line Items]
Dividends declared (in dollars per share)			$ 0.25	$ 0.25	$ 0.25	$ 0.25	$ 0.2	$ 0.20	$ 0.20	$ 0.20	$ 0.85	$ 0.80
Stock repurchased during period, value											$ 120	$ 308
Subsequent Event
Subsequent Event [Line Items]
Dividends payable (in dollars per share)													$ 0.25
Dividends declared (in dollars per share)	$ 0.25
Stock repurchased during period (in shares)		36,008
Stock repurchased during period, average price per share (in dollars per share)		$ 22.60
Stock repurchased during period, value		$ 814
Remaining number of shares authorized for repurchase (in shares)		697,892