First Choice Bancorp 10-Q 6 Nov 20 2020 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2020	Nov. 02, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2020
Document Transition Report	false
Entity File Number	001-38476
Entity Incorporation, State or Country Code	CA
Entity Tax Identification Number	82-2711227
Entity Address, Address Line One	17785 Center Court Drive N
Entity Address, Address Line Two	Suite 750
Entity Address, City or Town	Cerritos
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90703
City Area Code	562
Local Phone Number	345-9092
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	true
Entity Shell Company	false
Title of 12(b) Security	Common Shares, no par value
Trading Symbol	FCBP
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		11,706,130
Entity Registrant Name	First Choice Bancorp
Entity Central Index Key	0001716697
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Amendment Flag	false
Current Fiscal Year End Date	--12-31

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
ASSETS
Cash and due from banks	$ 23,611	$ 27,359
Interest-bearing deposits at other banks	157,925	134,442
Total cash and cash equivalents	181,536	161,801
Securities available-for-sale, at fair value	37,999	26,653
Securities held-to-maturity, at cost	1,680	5,056
Equity securities, at fair value	2,792	2,694
Restricted stock investments, at cost	12,999	12,986
Loans held for sale, at lower of cost or fair value	36,474	7,659
Loans held for investment	1,884,930	1,374,675
Allowance for loan losses	(18,734)	(13,522)
Loans held for investment, net	1,866,196	1,361,153
Accrued interest receivable	11,500	5,451
Premises and equipment	2,341	1,542
Servicing asset	2,368	3,202
Deferred taxes, net	6,095	6,163
Goodwill	73,425	73,425
Core deposit intangible	5,149	5,728
Other assets	15,788	16,811
TOTAL ASSETS	2,256,342	1,690,324
Deposits:
Noninterest-bearing demand	736,118	626,569
Money market, interest checking and savings	649,613	514,366
Time deposits	174,181	172,758
Total deposits	1,559,912	1,313,693
Borrowings	150,000	90,000
Paycheck Protection Program Liquidity Facility	253,140	0
Accrued interest payable and other liabilities	16,419	15,226
Total liabilities	1,983,871	1,428,519
Commitments and contingencies - Note 10
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: 11,705,878 at September 30, 2020 and 11,635,531 at December 31, 2019	217,680	216,398
Additional paid-in capital	2,838	3,493
Retained earnings	51,308	41,920
Accumulated other comprehensive income (loss), net	645	(6)
Total shareholders’ equity	272,471	261,805
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 2,256,342	$ 1,690,324

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - shares	Sep. 30, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Preferred stock, shares authorized (in shares)	100,000,000	100,000,000
Preferred stock, shares outstanding (in shares)	0	0
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	11,705,878	11,635,531
Common stock, shares outstanding (in shares)	11,705,878	11,635,531

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
INTEREST and DIVIDEND INCOME
Interest and fees on loans	$ 22,671	$ 21,348	$ 23,206	$ 64,799	$ 65,466
Interest on investment securities	180	225	208	623	659
Interest on deposits in other financial institutions	103	92	701	696	1,600
Dividends on restricted stock investments	200	179	228	624	676
Total interest and dividend income	23,154	21,844	24,343	66,742	68,401
INTEREST EXPENSE
Interest on savings, interest checking and money market accounts	382	318	1,283	1,809	3,776
Interest on time deposits	588	856	1,605	2,439	4,073
Interest on borrowings	207	197	253	780	967
Total interest expense	1,428	1,540	3,317	5,539	9,347
Net interest income	21,726	20,304	21,026	61,203	59,054
Provision for loan losses	1,000	2,100	700	5,800	1,600
Net interest income after provision for loan losses	20,726	18,204	20,326	55,403	57,454
NONINTEREST INCOME
Gain on sale of loans	990	0	528	1,367	2,727
Service charges and fees on deposit accounts	540		521	1,765	1,712
Net servicing fees (expense)	228	(9)	242	443	763
Other income	230	617	428	1,106	1,048
Total noninterest income	1,943	1,055	1,673	4,413	6,117
NONINTEREST EXPENSE
Salaries and employee benefits	7,126	6,386	6,472	20,742	19,552
Occupancy and equipment	1,137	1,108	1,097	3,308	3,513
Data processing	955	874	718	2,636	1,961
Professional fees	492	450	392	1,413	1,237
Office, postage and telecommunications	274	289	253	821	780
Deposit insurance and regulatory assessments	386	198	30	645	345
Loan related	59	226	244	560	529
Customer service related	81	328	437	781	1,187
Amortization of core deposit intangible	193	193	197	579	590
Other expenses	825	1,048	811	2,662	2,262
Total noninterest expense	11,528	11,100	10,651	34,147	31,956
Income before taxes	11,141	8,159	11,348	25,669	31,615
Income taxes	3,260	2,429	3,277	7,512	9,725
Net income	$ 7,881	$ 5,730	$ 8,071	$ 18,157	$ 21,890
Net income per share:
Basic (in dollars per share)	$ 0.67	$ 0.49	$ 0.69	$ 1.55	$ 1.87
Diluted (in dollars per share)	$ 0.67	$ 0.49	$ 0.68	$ 1.55	$ 1.85
Weighted-average common shares outstanding:
Basic (in shares)	11,573,138	11,564,965	11,584,955	11,565,398	11,605,687
Diluted (in shares)	11,612,270	11,606,280	11,659,146	11,616,839	11,714,020
Service charges and fees on deposit accounts
NONINTEREST INCOME
Service charges and fees on deposit accounts	$ 495	$ 447	$ 475	$ 1,497	$ 1,579
Line of Credit
INTEREST EXPENSE
Interest on Paycheck Protection Program Liquidity Facility and senior secured notes	212	112	0	324	0
Senior Notes
INTEREST EXPENSE
Interest on Paycheck Protection Program Liquidity Facility and senior secured notes	$ 39	$ 57	$ 176	$ 187	$ 531

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 7,881	$ 5,730	$ 8,071	$ 18,157	$ 21,890
Unrealized gain on investment securities:
Change in net unrealized gain on available-for-sale securities	8	389	177	924	1,050
Income tax expense:
Change in net unrealized gain on available-for-sale securities	(2)	(115)	(52)	(273)	(311)
Total other comprehensive income	6	274	125	651	739
Total comprehensive net income	$ 7,887	$ 6,004	$ 8,196	$ 18,808	$ 22,629

Condensed Consolidated Statem_3

Condensed Consolidated Statement of Shareholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss), net
Beginning balance (in shares) at Dec. 31, 2018		11,726,074
Beginning balance at Dec. 31, 2018	$ 248,069	$ 217,514	$ 7,269	$ 23,985	$ (699)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	21,890			21,890
Stock-based compensation	1,496		1,493	3
Cash dividends	$ (7,013)			(7,013)
Exercise of stock options (in shares)	244,249	244,249
Exercise of stock options	$ 2,588	$ 6,863	(4,275)
Issuance of restricted shares, net of forfeitures (in shares)		103,537
Vesting of restricted shares	0	$ 1,406	(1,406)
Repurchase of shares from restricted shares vesting (in shares)		(5,008)
Repurchase of shares from restricted shares vesting	(108)		(108)
Common stock repurchased under stock repurchase program (in shares)		(416,270)
Common stock repurchased under stock repurchase program	(8,991)	$ (8,991)
Other comprehensive income, net of taxes	739				739
Ending balance (in shares) at Sep. 30, 2019		11,652,582
Ending balance at Sep. 30, 2019	258,670	$ 216,792	2,973	38,865	40
Beginning balance (in shares) at Jun. 30, 2019		11,737,441
Beginning balance at Jun. 30, 2019	254,121	$ 218,532	2,588	33,086	(85)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	8,071			8,071
Stock-based compensation	527		527	0
Cash dividends	$ (2,292)			(2,292)
Exercise of stock options (in shares)	2,512	2,512
Exercise of stock options	$ 29	$ 52	(23)
Issuance of restricted shares, net of forfeitures (in shares)		129
Vesting of restricted shares	0	$ 119	(119)
Common stock repurchased under stock repurchase program (in shares)		(87,500)
Common stock repurchased under stock repurchase program	(1,911)	$ (1,911)
Other comprehensive income, net of taxes	125				125
Ending balance (in shares) at Sep. 30, 2019		11,652,582
Ending balance at Sep. 30, 2019	258,670	$ 216,792	2,973	38,865	40
Beginning balance (in shares) at Dec. 31, 2019		11,635,531
Beginning balance at Dec. 31, 2019	261,805	$ 216,398	3,493	41,920	(6)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	18,157			18,157
Stock-based compensation	1,527		1,524	3
Cash dividends	$ (8,772)			(8,772)
Exercise of stock options (in shares)	17,648	17,648
Exercise of stock options	$ 127	$ 402	(275)
Issuance of restricted shares, net of forfeitures (in shares)		98,811
Vesting of restricted shares	0	$ 1,904	(1,904)
Repurchase of shares from restricted shares vesting (in shares)		(7,701)
Repurchase of shares from restricted shares vesting	(166)	$ (166)
Common stock repurchased under stock repurchase program (in shares)		(38,411)
Common stock repurchased under stock repurchase program	(858)	$ (858)
Other comprehensive income, net of taxes	651				651
Ending balance (in shares) at Sep. 30, 2020		11,705,878
Ending balance at Sep. 30, 2020	272,471	$ 217,680	2,838	51,308	645
Beginning balance (in shares) at Jun. 30, 2020		11,697,766
Beginning balance at Jun. 30, 2020	266,949	$ 217,420	2,538	46,352	639
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	7,881			7,881
Stock-based compensation	525		525
Cash dividends	$ (2,925)			(2,925)
Exercise of stock options (in shares)	8,686	8,686
Exercise of stock options	$ 42	$ 237	(195)
Issuance of restricted shares, net of forfeiture (in shares)		(140)
Vesting of restricted shares	0	$ 30	(30)
Repurchase of shares from restricted shares vesting (in shares)		(434)
Repurchase of shares from restricted shares vesting	(7)	$ (7)
Other comprehensive income, net of taxes	6				6
Ending balance (in shares) at Sep. 30, 2020		11,705,878
Ending balance at Sep. 30, 2020	$ 272,471	$ 217,680	$ 2,838	$ 51,308	$ 645

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Statement of Stockholders' Equity [Abstract]
Cash dividends (in usd per share)	$ 0.25	$ 0.20	$ 0.75	$ 0.60

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
OPERATING ACTIVITIES
Net income	$ 18,157	$ 21,890
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	1,375	1,231
Amortization of premiums of investment securities	170	129
Amortization of servicing asset	1,013	699
Provision for loan losses	5,800	1,600
Provision for losses - unfunded commitments	300	0
Gain on sale of loans	(1,367)	(2,727)
Impairment charges of fixed assets and right-of-use assets	0	400
Loans originated for sale	(103,084)	(28,626)
Proceeds from loans originated for sale	76,715	47,364
Accretion of net discounts and deferred loan fees, net	(6,039)	(5,304)
Change in fair value of equity securities	(48)	(88)
Deferred income taxes	(205)	1,958
Stock-based compensation	1,527	1,496
Appreciation of Bank Owned Life Insurance	(83)	(80)
Net decrease in other items, net	(4,029)	(796)
Net cash (used in) provided by operating activities	(9,798)	39,146
INVESTING ACTIVITIES
Proceeds from maturities and paydown of securities available-for-sale	7,398	3,132
Proceeds from maturities and paydown of securities held-to-maturity	3,379	244
Purchase of securities available-for-sale	(17,993)	0
Net increase in loans held-for-investment	(505,907)	(61,428)
Purchase of restricted stock investments	(13)	(115)
Purchase of equity and qualified CRA investments	(675)	(388)
Proceeds from disposal of premises and equipment	31	0
Purchases of premises and equipment	(1,177)	(679)
Net cash used in investing activities	(514,957)	(59,234)
FINANCING ACTIVITIES
Net increase in deposits	246,219	87,199
Net increase in short-term borrowings	60,000	(104,998)
Proceeds from long-term borrowings	0	30,000
Proceeds from Paycheck Protection Program Liquidity Facility	253,140	0
(Decrease) increase in senior secured notes	(5,200)	4,650
Cash dividends paid	(8,772)	(7,013)
Repurchase of shares	(1,024)	(9,099)
Proceeds from exercise of stock options	127	2,588
Net cash provided by financing activities	544,490	3,327
Net increase in cash and cash equivalents	19,735	(16,761)
Cash and cash equivalents, beginning of period	161,801	197,376
Cash and cash equivalents, end of period	181,536	180,615
Cash paid during the period for:
Interest paid	5,325	9,173
Taxes paid	6,372	8,013
Noncash investing and financing activities:
Transfers of loans to (from) held for investment from (to) held for sale	933	(51)
Transfers of loans to foreclosed assets	602	0
Servicing rights asset recognized	179	883
Initial recognition of operating lease right-of-use assets	0	6,022
Initial recognition of operating lease liabilities	$ 0	$ 6,141

BASIS OF PRESENTATION AND SUMMA

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2020
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. First Choice Bank has a wholly-owned subsidiary, PCB Real Estate Holdings, LLC, which was acquired as part of the acquisition of Pacific Commerce Bank. PCB Real Estate Holding, LLC is used for holding other real estate owned and other assets acquired by foreclosure. References herein to “First Choice Bancorp,” “Bancorp” or the “holding company,” refer to First Choice Bancorp on a stand-alone basis. The words “we," "us," "our," or the "Company" refer to First Choice Bancorp, First Choice Bank and PCB Real Estate Holdings, LLC collectively and on a consolidated basis. References to the “Bank” refer to First Choice Bank and PCB Real Estate Holdings, LLC on a consolidated 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. As a California-chartered member bank, the Bank is primarily regulated by the California Department of Financial Protection and Innovation (the “DFPI”) 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.” Basis of Presentation The accompanying unaudited condensed consolidated financial statements include the accounts of First Choice Bancorp, and its wholly-owned subsidiary, First Choice Bank, and the Bank's wholly-owned subsidiary, PCB Real Estate Holdings, LLC, and have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X for interim financial information. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments, consisting of normal recurring adjustments considered necessary to a fair presentation of the results for the interim periods presented have been included. Unaudited interim results for the nine months ended September 30, 2020 are not necessarily indicative of the results that may be expected for the full year ending December 31, 2020. These unaudited interim period condensed consolidated financial statements should be read in conjunction with our audited consolidated financial statements as of and for the years ended December 31, 2019 and 2018, which are included in our Annual Report on Form 10-K filed with the Securities and Exchange Commission (the "SEC"). The December 31, 2019 condensed consolidated balance sheet presented herein has been derived from the audited financial statements included in the Annual Report on Form 10-K for the year ended December 31, 2019 filed with the SEC. All significant intercompany balances and transactions have been eliminated in consolidation. Use of Estimates in the Preparation of Consolidated Financial Statements The preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could significantly 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 Policies The Company's accounting policies are based upon GAAP and conform to predominant practices within the banking industry. They were disclosed in the Company's Annual Report on Form 10-K for the year ended December 31, 2019 under the section entitled "Summary of Critical Accounting Policies" in Management’s Discussion and Analysis of Financial Condition and Results of Operations, and Note 1 - Basis of Presentation and Summary of Significant Accounting Policies to the audited consolidated financial statements included therewith. Updates to our significant accounting policies are described below. Guidance On Non-TDR Loan Modifications Due To COVID-19 On March 27, 2020, the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”) was signed into law. Section 4013 of the CARES Act, entitled "Temporary Relief From Troubled Debt Restructurings," provides banks with the option to temporarily suspend certain requirements under GAAP related to troubled debt restructurings ("TDRs") for the period beginning March 1, 2020 and ending on the earlier of December 31, 2020 and the date that is 60 days following the termination of the federal emergency declaration relating to the Coronavirus Disease 2019 ("COVID-19") pandemic. On April 7, 2020, the federal banking agencies issued a revised joint statement, entitled "Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working With Customers Affected by the Coronavirus ("Revised Statement"). The Revised Statement clarifies the accounting treatment of loan modifications under Section 4013 of the CARES Act or in accordance with ASC Subtopic 310-40, Receivables—Troubled Debt Restructurings by Creditors (“ASC Subtopic 310-40”). To be an eligible loan under section 4013, a loan modification must be (1) related to COVID-19; (2) executed on a loan that was not more than 30 days past due as of December 31, 2019; and (3) executed between March 1, 2020, and the earlier of (A) 60 days after the date of termination of the National Emergency or (B) December 31, 2020 (applicable period). Financial institutions that account for loans under Section 4013 are not required to apply ASC Subtopic 310-40 to these loans for the term of the loan modification and will not have to report these loans as TDRs in regulatory reports. In addition, the joint interagency statement encourages financial institutions to work prudently with borrowers who are or may be unable to meet their contractual payment obligations due to the effects of the COVID-19 pandemic. Pursuant to the interagency statement, loan modifications that do not meet the conditions of Section 4013 of the CARES Act may still qualify as a modification that does not need to be accounted for as a TDR. Specifically, the agencies confirmed with the staff of the Financial Accounting Standards Board (FASB) that short-term modifications made in good faith in response to the pandemic to borrowers who were current prior to any relief are not TDRs under GAAP. This includes short-term (e.g. six months) modifications such as payment deferrals, fee waivers, extensions of repayment terms, or delays in payments that are insignificant. Borrowers considered current are those that are less than 30 days past due on their contractual payments at the time a modification program is implemented. Appropriate allowances for loan and lease losses are expected to be maintained. With regard to loans not otherwise reportable as past due, financial institutions are not expected to designate loans with deferrals granted due to the pandemic as past due because of the deferral. The interagency statement also states that during short-term pandemic-related loan modifications, these loans generally should not be reported as nonaccrual. For loan modifications that do not qualify for treatment under Section 4013 or ASC Subtopic 310-40, as clarified by the Revised Statement, financial institutions will be required to comply with existing accounting policies to determine whether the modification should be accounted for as a TDR. The Company's initial loan deferral program provided a deferral of principal and/or interest-only payments for periods not exceeding 90-days for all loans that qualify under Section 4013 of the CARES Act. Loans qualifying for deferral under this program continue to accrue interest during the deferral period and are not reported as past due loans or TDRs for the term of the deferral period. At the end of the deferral period, borrowers will be required to resume making regularly scheduled loan payments and the loans will be re-amortized over the remaining term. All payments received will be applied first to interest payments that were deferred during the deferral period, and then to interest and principal as provided under the terms of the loan. The Company may grant an extension of an additional 90-day deferment. The accrued interest will be reviewed to determine if a reserve for uncollectible interest is required. Accounting Standards Adopted in 2020 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 was to improve the effectiveness of disclosures in the notes to financial statements. ASU 2018-13 was effective for interim and annual reporting periods beginning after December 15, 2019, although early adoption was permitted. The Company adopted this guidance on January 1, 2020. The adoption of ASU 2018-13 did not 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 aligned the requirements for capitalizing implementation costs incurred in a hosting arrangement that was 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 was effective on January 1, 2020, including interim periods within the years of adoption although early adoption was permitted. The adoption of ASU 2018-15 did not have a material impact to the Company's consolidated financial statements. 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 qualifies as a "smaller reporting company" under the regulations of the SEC. Therefore, this ASU will be effective for the Company on January 1, 2023 with early adoption permitted. The Company is considering early adoption of ASU 2016-13 on January 1, 2021. Management has a cross functional committee in place to oversee the project, has selected a software to implement the new guidance using peer historical loss data, has engaged an existing third-party service provider to assist in implementation and has subscribed to a third-party application vendor for economic forecasts. The Company has completed data gap analyses, developed initial modeling assumptions, and run a high level sensitivity analysis. The Company expects to complete parallel calculations, testing, and further sensitivity analysis in the fourth 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, such as the Company, as well as private companies and other non-SEC filers. 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 May 2019, the FASB issued ASU 2019-05, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instrument (ASU 2019-05) which grants 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). 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) which clarifies certain aspects of Topic 326 guidance issued in ASU 2016-13 including guidance providing transition relief for 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). 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) which simplifies the accounting for income taxes by removing certain exceptions for investments, intraperiod allocations, and interim calculations, and adds 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. On March 12, 2020, the FASB issued ASU 2020-04, Facilitation of the Effects of Reference Rate Reform on Financial Reportin g (ASU 2020-04), which provides optional expedients and exceptions for applying generally accepted accounting principles (GAAP) to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The amendments apply only to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. The amendments are effective for contract modifications as of March 12, 2020 through December 31, 2022. The expedients and exceptions provided by the amendments do not apply to contract modifications made and hedging relationships entered into or evaluated after December 31, 2022, except for hedging relationships existing as of December 31, 2022, that an entity has elected certain optional expedients for and that are retained through the end of the hedging relationship. The Company has not yet determined the potential impact of the adoption of ASU 2020-04 to the consolidated financial statements. Effective April 27, 2020, the SEC amended the definitions of “accelerated” and “large accelerated filer” to exclude from those definitions registrants that are eligible to be treated as a smaller reporting company and that had annual revenues of less than $100 million in the most recent fiscal year for which audited financial statements are available. Prior to these changes, the Company met the definition of an “accelerated filer" because the Company's public float was greater than $75 million but less than $700 million at the end of the Company’s most recent second quarter. The Company does not anticipate that it will qualify as an “accelerated filer” with respect to its annual report on form 10-K for the year ending December 31, 2020 under these amended definitions. Whether an issuer qualifies as an “accelerated” or “large accelerated filer” or a “smaller reporting company” is determinative of whether the issuer is required to have their management’s assessment of the effectiveness of internal control over financial report attested to, and reported on, by an independent auditor, as required by Section 404(b) of the Sarbanes-Oxley Act. Unlike “large accelerated” and “accelerated” filers, smaller reporting companies are not required to have independent auditor attestations of internal control over financial reporting, but remain obligated, among other things, to establish and maintain internal controls over financial reporting as required by SOX Section 404(a) and have management assess the effectiveness of these controls. In addition, smaller reporting companies also have additional time to file quarterly and annual financial statements. Nevertheless, because the Bank’s total assets exceed $1.0 billion, the Bank is separately required by the Federal Deposit Insurance Corporation Improvement Act ("FDICIA") to have its management’s assessment of the effectiveness of the Bank’s regulatory financial reporting attested to, and reported on, by an independent auditor. Accordingly, the SEC’s amended definitions of “large accelerated” and “accelerated” filer do not materially impact the Company's annual reporting and audit requirements other than providing the Company with additional time to prepare and file its periodic reports required to be filed with the SEC under the Exchange Act.

INVESTMENT SECURITIES

INVESTMENT SECURITIES	9 Months Ended
	Sep. 30, 2020
Investments, Debt and Equity Securities [Abstract]
INVESTMENT SECURITIES	INVESTMENT SECURITIES Investment securities have been classified in the condensed consolidated balance sheets according to management’s intent to either hold them to maturity or make them available for sale. The carrying amount of securities held-to-maturity and securities available-for-sale and their approximate fair values at September 30, 2020 and December 31, 2019 were as follows: Amortized Gross Gross Fair September 30, 2020 (dollars in thousands) Securities available-for-sale: U.S. Government and agency securities $ 2,679 $ 27 $ — $ 2,706 Mortgage-backed securities 6,040 117 — 6,157 Collateralized mortgage obligations 20,611 353 (56) 20,908 SBA pools 7,754 474 — 8,228 $ 37,084 $ 971 $ (56) $ 37,999 Securities held-to-maturity: Mortgage-backed securities $ 1,680 $ 121 $ — $ 1,801 $ 1,680 $ 121 $ — $ 1,801 December 31, 2019 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 The amortized cost and estimated fair value of all investment securities held-to-maturity and available-for-sale at September 30, 2020, by contractual maturities are shown below. Contractual maturities may differ from expected maturities because the obligors and/or issuers may have the right to call or prepay obligations with or without call or prepayment penalties. Held to Maturity Available for Sale Amortized Fair Amortized Fair (dollars in thousands) Due in one year or less $ — $ — $ — $ — Due after one year through five years — — — — Due after five years through ten years — — — — Due after ten years (1) 1,680 1,801 37,084 37,999 $ 1,680 $ 1,801 $ 37,084 $ 37,999 (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 September 30, 2020 and 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 $5.0 million in purchases of investment securities available-for-sale and $295 thousand in calls of U.S. Government and agency securities available-for-sale during the three months ended September 30, 2020. There were no sales and maturities of any investment securities held-to-maturity during the three months ended September 30, 2020. There were no purchases, sales and maturities or calls of any investment securities available-for-sale or held-to-maturity during the three months ended June 30, 2020 and September 30, 2019. There were $18.0 million in purchases of investment securities available-for-sale, $295 thousand in calls of U.S. Government and agency securities available-for-sale and $3.4 million in calls of U.S. Government and agency securities held-to-maturity during the nine months ended September 30, 2020. There were no purchases, sales and maturities or calls of any investment securities available-for-sale or held-to-maturity during the nine months ended September 30, 2019. At September 30, 2020 securities held-to-maturity with a carrying amount of $1.7 million were pledged to the Federal Reserve Bank as discussed in Note 8 – Borrowing Arrangements . As of September 30, 2020 and December 31, 2019, unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, are summarized as follows: Less Than Twelve Months Over Twelve Months Total Unrealized Fair Unrealized Fair Unrealized Fair September 30, 2020 (dollars in thousands) Securities available-for-sale: Collateralized mortgage obligations $ (56) $ 4,042 $ — $ — $ (56) $ 4,042 $ (56) $ 4,042 $ — $ — $ (56) $ 4,042 Securities held-to-maturity: Mortgage-backed securities $ — $ — $ — $ — $ — $ — $ — $ — $ — $ — $ — $ — December 31, 2019 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 At September 30, 2020, the Company had two investment securities available-for-sale in an unrealized loss position with total unrealized losses of $56 thousand. Such unrealized losses on these investment securities have not been recognized into income. The Company does not believe these unrealized losses are other-than-temporary because the issuers’ bonds are above investment grade, the decline in fair value is largely due to changes in interest rates, and management does not intend to sell these securities nor is it more likely than not that management would be required to sell the securities prior to their anticipated recovery. Equity Securities with a Readily Determinable Fair Value At September 30, 2020 and December 31, 2019, equity securities with a readily determinable fair value of $2.8 million and $2.7 million were represented by a mutual fund investment consisting of high-quality debt securities and other debt instruments supporting domestic affordable housing and community development. The Company recognized net losses of $6 thousand, and net gains of $12 thousand and $15 thousand related to changes in fair value during the three months ended September 30, 2020, June 30, 2020 and September 30, 2019, respectively, all of which related to equity securities held during those periods. During the nine months ended September 30, 2020 and 2019, the Company recognized net gains of $48 thousand and $88 thousand related to changes in fair value. Restricted Stock Investments The Bank is a member of the FHLB system. Members are required to own FHLB stock of the greater of 1% of FHLB membership asset value or 2.7% of outstanding FHLB advances. At September 30, 2020 and December 31, 2019, the Bank owned $6.1 million of FHLB stock which is carried at cost. During the nine months ended September 30, 2020 and 2019, there were no required purchases of FHLB stock. The Company evaluated the carrying value of our FHLB stock investment at September 30, 2020 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 our 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 of Federal Reserve stock, which is carried at cost, at September 30, 2020 and December 31, 2019. There were no required purchases of Federal Reserve stock during the three months ended September 30, 2020. The Company purchased $13 thousand of Federal Reserve stock during the nine months ended September 30, 2020. The Bank purchased $43 thousand and $117 thousand of Federal Reserve stock during the three and nine months ended September 30, 2019. The Company evaluated the carrying value of our Federal Reserve stock investment at September 30, 2020 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 our intent and ability to hold this investment for a period of time sufficient to recover our recorded investment. Other Equity Securities Without A Readily Determinable Fair Value The Company also has equity 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 September 30, 2020 and December 31, 2019 and are reported in other assets in the condensed consolidated balance sheets. During the three and nine months ended September 30, 2020 and 2019, the Company evaluated the carrying value of these equity securities and determined that they were not impaired, and no loss related to changes in the fair value of these equity securities was recognized. The Company has an investment in Class A common stock of Clearinghouse Community Development Financial Institution ("CDFI") totaling $500 thousand at September 30, 2020 and December 31, 2019. Clearinghouse CDFI is a for-profit institution that is committed to provide economic opportunities and to improve the quality of life for low-income individuals and to improve the communities through innovative and affordable financing. The purpose of this investment, first and foremost, aligns with our mission statement as a community bank to help the underserved people in our communities, while achieving a satisfactory return on capital. Additionally, this investment provides the Bank with Community Reinvestment Act ("CRA") investment credits. This equity security is recorded at cost and is included in other assets in the condensed consolidated balance sheets. During the three and nine months ended September 30, 2020 and 2019, the Company did not purchase additional securities. At September 30, 2020, the Company evaluated the carrying value of this equity security and determined that it was not impaired, and no loss was recognized related to changes in the fair value. Qualified Affordable Housing Project Investments The Company also has commitments and investments in two partnerships that sponsor affordable housing projects utilizing the Low Income Housing Tax Credit ("LIHTC") pursuant to Section 42 of the Internal Revenue Code. These investments are recorded net of accumulated amortization, using the proportional amortization method. Under the proportional amortization method, the initial cost of the investments is being amortized in proportion to the tax credits and other tax benefits received, and the amortization is recognized as part of income tax expense in the condensed consolidated statements of income. Total estimated tax credits allocated and proportional amortization expense recognized were $22 thousand and $21 thousand for the three months ended September 30, 2020. Total estimated tax credits allocated and proportional amortization expense recognized were $65 thousand and $54 thousand for the nine months ended September 30, 2020. At September 30, 2020 and December 31, 2019, the net LIHTC investment totaled $687 thousand and $236 thousand. During the three and nine months ended September 30, 2020, the Company made capital contributions of $153 thousand and $504 thousand. There were $204 thousand in capital contributions during the three and nine months ended September 30, 2019. At September 30, 2020, the Company evaluated the carrying value of these securities and determined they were not impaired, and no loss was recognized related to changes in the fair value.

LOANS

LOANS	9 Months Ended
	Sep. 30, 2020
Receivables [Abstract]
LOANS	LOANS The Company's loan portfolio consists primarily of loans to borrowers within our principal market area of Los Angeles, Orange and San Diego Counties, 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 to hold in the loan portfolio. Loans identified as held for sale are carried at the lower of their net carrying value or market value and separately designated as such in the condensed consolidated financial statements. A portion of the Company's revenues are from origination and servicing 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. Beginning in April of 2020, the Company participated in the Paycheck Protection Program ("PPP"), administrated by the SBA, in assisting borrowers with additional liquidity. PPP loans are 100% guaranteed by the SBA and carry a fixed rate of 1.00% with a two-year contractual maturity (loans originated before June 5, 2020) or five years (loans originated on or after June 5, 2020), if not forgiven. On June 5, 2020, the Paycheck Protection Program Flexibility Act of 2020 (the “Flexibility Act”) was signed into law which changed key provisions of the PPP, including provisions relating to the maturity of PPP loans, the deferral of PPP loan payments, and the forgiveness of PPP loans. Under the Flexibility Act, as clarified by the SBA in an October 7, 2020 update, the maturity date for PPP loans funded before June 5, 2020 remained at two years from funding while the maturity date for PPP loans funded after June 5, 2020 was five years from funding. In addition, the Flexibility Act, increased the period during which PPP loan proceeds are to be used for purposes that would qualify the loan for forgiveness (the “covered period”) from 8 weeks to 24 weeks, at the borrower’s election, for PPP loans made prior to June 5, 2020, and set the covered period for loans made after June 5, 2020 at 24 weeks from funding. Under the Flexibility Act, PPP borrowers are not required to make any payments of principal or interest on their PPP loan before the date on which SBA remits the loan forgiveness amount to the Company (or notifies the Company that no loan forgiveness is allowed) and, although PPP borrowers may submit an application for loan forgiveness at any time prior to the maturity date, if PPP borrowers do not submit a loan forgiveness application within 10 months after the end of their covered period, such borrowers will be required to begin paying principal and interest after that period. At loan origination, the Company was paid a processing fee from the SBA ranging from 1% to 5% based on the loan size. At September 30, 2020, PPP loans, net of unearned fees of $9.9 million, totaled $390.2 million. The unearned fees are being accreted to interest income based on the two-year contractual maturity. The SBA did not act on any PPP loan forgiveness applications in the third quarter of 2020 and, accordingly, no PPP loans were forgiven in the quarter. The SBA has commenced making determinations as to PPP forgiveness applications in the fourth quarter of 2020 and, the Company anticipates that the SBA will continue reviewing and making determinations with respect to forgiveness applications, at which point the recognition of fee income will be accelerated. On April 14, 2020, the Company was approved by the Federal Reserve to access its SBA Paycheck Protection Program Liquidity Facility ("PPPLF"). The PPPLF enables the Company to borrow funds through the Federal Reserve Discount Window to fund PPP loans. At September 30, 2020, the Company had $253.1 million in borrowings under the PPPLF with a fixed rate of 0.35% which were collateralized by PPP loans. See Note 8 – Borrowing Arrangements for additional information regarding the PPPLF. The Company participates in the Main Street Lending Program to support lending to small and medium-sized businesses that were in sound financial condition before the onset of the COVID-19 pandemic. Under this program, the Company originates loans to borrowers meeting the terms and requirements of the program, including requirements as to eligibility, use of proceeds and priority, and sells a 95% participation interest in these loans to Main Street Facilities, LLC, a special purpose vehicle ("SPV") organized by the Federal Reserve to purchase the participation interest from eligible lenders, including the Bank. During the three months ended September 30, 2020, the Company originated Main Street loans totaling $69.8 million in principal and sold participation interest totaling $66.3 million to the Main Street SPV, resulting in a gain of $486 thousand. As of September 30, 2020, the Company had pledged $1.64 billion of loans with the FHLB under a blanket lien, of which $860.3 million was considered as eligible collateral under this secured borrowing arrangement, and loans with an unpaid principal balance of $203.1 million were pledged as collateral under a secured borrowing arrangement with the Federal Reserve. See Note 8 – Borrowing Arrangements for additional information regarding the FHLB and Federal Reserve secured lines of credit. The loans held for investment portfolio includes originated and acquired loans. The acquired loans includes: (i) loans that were not credit impaired on the date of acquisition ("Non-PCI"); and (ii) purchased credit impaired ("PCI") loans, which are defined as loans with evidence of credit deterioration since their originations and for which it is probable that collection of all contractually required payments are unlikely as of the acquisition date. The following table presents loans held for investment, net, by loan class at September 30, 2020 and December 31, 2019: September 30, 2020 December 31, 2019 (dollars in thousands) Construction and land development $ 215,109 $ 249,504 Real estate: Residential 30,067 43,736 Commercial real estate - owner occupied 159,603 171,595 Commercial real estate - non-owner occupied 528,201 423,823 Commercial and industrial 361,170 309,011 SBA loans (1) 602,407 177,633 Consumer 8 430 Loans held for investment, net of discounts (2) 1,896,565 1,375,732 Net deferred origination fees (1) (11,635) (1,057) Loans held for investment 1,884,930 1,374,675 Allowance for loan losses (18,734) (13,522) Loans held for investment, net $ 1,866,196 $ 1,361,153 (1) Includes PPP loans with total outstanding principal of $400.1 million and net unearned fees of $9.9 million at September 30, 2020. (2) Loans held for investment, net of discounts includes the net carrying value of PCI loans of $792 thousand and $1.1 million at September 30, 2020 and December 31, 2019. The following table presents the components of loans held for investment at September 30, 2020 and December 31, 2019: September 30, 2020 December 31, 2019 (dollars in thousands) Gross loans (1) $ 1,904,019 $ 1,385,142 Unamortized net discounts (2) (7,454) (9,410) Net unamortized deferred origination fees (3) (11,635) (1,057) Loans held for investment $ 1,884,930 $ 1,374,675 (1) Gross loans include PPP loans of $400.1 million at September 30, 2020 and the net carrying value of PCI loans of $792 thousand and $1.1 million at September 30, 2020 and December 31, 2019. (2) Unamortized net discounts include discounts related to the retained portion of SBA loans and Main Street loans and net discounts on acquired loans. At September 30, 2020, unamortized net discounts include $4.3 million associated with loans acquired in the PCB acquisition and expected to be accreted into interest income over a weighted average life of 4.1 years. At December 31, 2019, unamortized net discounts on acquired loans associated with the PCB acquisition totaled $6.0 million. (3) Net unamortized deferred origination fees include $9.9 million for PPP loans at September 30, 2020. The following table presents a summary of the changes in the allowance for loan losses for the three and nine months ended September 30, 2020 and 2019: Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 (dollars in thousands) Balance, beginning of period $ 17,822 $ 12,053 $ 13,522 $ 11,056 Provision for loan losses (1) 1,000 700 5,800 1,600 Charge-offs (194) (437) (772) (561) Recoveries 106 24 184 245 Net charge-offs (88) (413) (588) (316) Balance, end of period $ 18,734 $ 12,340 $ 18,734 $ 12,340 (1) No provision for loan losses on PPP loans was recognized for the three and nine months ended at September 30, 2020 as these loans are 100% guaranteed by the SBA under the program. The following tables present the activity in the allowance for loan losses, the composition of the period end allowance, and the loans evaluated for impairment by loan class for the three months ended September 30, 2020, June 30, 2020 and September 30, 2019 and nine months ended September 30, 2020 and 2019: Three Months Ended September 30, 2020 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, June 30, 2020 $ 2,470 $ 361 $ 1,365 $ 5,347 $ 5,607 $ 2,672 $ — $ 17,822 Provision for (reversal of) loan losses (100) (86) (85) 233 745 293 — 1,000 Charge-offs — — — — (194) — — (194) Recoveries — — — — 106 — — 106 Net charge-offs — — — — (88) — — (88) Balance, September 30, 2020 $ 2,370 $ 275 $ 1,280 $ 5,580 $ 6,264 $ 2,965 $ — $ 18,734 Reserves: Specific $ — $ — $ — $ 165 $ — $ 377 $ — $ 542 General 2,370 275 1,280 5,415 6,264 2,588 — 18,192 $ 2,370 $ 275 $ 1,280 $ 5,580 $ 6,264 $ 2,965 $ — $ 18,734 Loans evaluated for impairment: Individually $ — $ 259 $ 1,312 $ 6,286 $ 183 $ 5,271 $ — $ 13,311 Collectively 215,109 29,808 158,196 521,915 360,710 596,716 8 1,882,462 PCI loans — — 95 — 277 420 — 792 $ 215,109 $ 30,067 $ 159,603 $ 528,201 $ 361,170 $ 602,407 $ 8 $ 1,896,565 Nine Months Ended September 30, 2020 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, 2019 $ 2,350 $ 292 $ 918 $ 3,074 $ 4,145 $ 2,741 $ 2 $ 13,522 Provision for (reversal of) loan losses 20 (17) 362 2,506 2,273 658 (2) 5,800 Charge-offs — — — — (326) (446) — (772) Recoveries — — — — 172 12 — 184 Net charge-offs — — — — (154) (434) — (588) Balance, September 30, 2020 $ 2,370 $ 275 $ 1,280 $ 5,580 $ 6,264 $ 2,965 $ — $ 18,734 Three Months Ended June 30, 2020 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, March 31, 2020 $ 2,498 $ 333 $ 844 $ 4,131 $ 5,455 $ 2,954 $ 3 $ 16,218 Provision for (reversal of) loan losses (28) 28 521 1,216 223 143 (3) 2,100 Charge-offs — — — — (125) (425) — (550) Recoveries — — — — 54 — — 54 Net charge-offs — — — — (71) (425) — (496) Balance, June 30, 2020 $ 2,470 $ 361 $ 1,365 $ 5,347 $ 5,607 $ 2,672 $ — $ 17,822 Reserves: Specific $ — $ — $ — $ 188 $ — $ 348 $ — $ 536 General 2,470 361 1,365 5,159 5,607 2,324 — 17,286 $ 2,470 $ 361 $ 1,365 $ 5,347 $ 5,607 $ 2,672 $ — $ 17,822 Loans evaluated for impairment: Individually $ — $ — $ 1,515 $ 1,339 $ 185 $ 5,428 $ — $ 8,467 Collectively 218,226 39,145 160,890 501,354 334,751 580,959 34 1,835,359 PCI loans — — 103 — 475 433 — 1,011 $ 218,226 $ 39,145 $ 162,508 $ 502,693 $ 335,411 $ 586,820 $ 34 $ 1,844,837 Three Months Ended September 30, 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, June 30, 2019 $ 1,892 $ 379 $ 905 $ 2,587 $ 4,502 $ 1,788 $ — $ 12,053 Provision for (reversal of) loan losses 247 (47) (107) (179) 384 399 3 700 Charge-offs — — — — (437) — — (437) Recoveries — — — — 24 — — 24 Net charge-offs — — — — (413) — — (413) Balance, September 30, 2019 $ 2,139 $ 332 $ 798 $ 2,408 $ 4,473 $ 2,187 $ 3 $ 12,340 Reserves: Specific $ — $ — $ — $ — $ — $ 624 $ — $ 624 General 2,139 332 798 2,408 4,473 1,563 3 11,716 $ 2,139 $ 332 $ 798 $ 2,408 $ 4,473 $ 2,187 $ 3 $ 12,340 Loans evaluated for impairment: Individually $ — $ — $ — $ — $ 730 $ 7,002 $ — $ 7,732 Collectively 221,857 48,896 171,250 401,710 309,969 154,042 424 1,308,148 PCI loans — — 110 — 506 564 — 1,180 $ 221,857 $ 48,896 $ 171,360 $ 401,710 $ 311,205 $ 161,608 $ 424 $ 1,317,060 Nine Months Ended September 30, 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 418 (90) 64 (278) 1,292 191 3 1,600 Charge-offs — — — — (561) — — (561) Recoveries — — — — 56 189 — 245 Net (charge-off) recoveries — — — — (505) 189 — (316) Balance, September 30, 2019 $ 2,139 $ 332 $ 798 $ 2,408 $ 4,473 $ 2,187 $ 3 $ 12,340 The Company categorizes loans by 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 following tables present loans held for investment, net of discounts by loan class and risk category, excluding PCI loans, as of September 30, 2020 and December 31, 2019: September 30, 2020 Pass Special Substandard (1) Total (dollars in thousands) Construction and land development $ 215,109 $ — $ — $ 215,109 Real estate: Residential 29,808 — 259 30,067 Commercial real estate - owner occupied 158,072 — 1,436 159,508 Commercial real estate - non-owner occupied 521,212 — 6,989 528,201 Commercial and industrial 359,800 — 1,093 360,893 SBA loans 593,776 — 8,211 601,987 Consumer 8 — — 8 $ 1,877,785 $ — $ 17,988 $ 1,895,773 (1) At September 30, 2020, substandard loans included $13.0 million of impaired loans. There were no loans classified as special mention, doubtful or loss at September 30, 2020. December 31, 2019 Pass Special 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. There were no loans classified as special mention, doubtful or loss at December 31, 2019. The following tables present past due and nonaccrual loans, net of discounts by loan class, excluding PCI loans, at September 30, 2020 and December 31, 2019: September 30, 2020 Still Accruing 30-59 Days 60-89 Days 90 Days or more Nonaccrual (dollars in thousands) Construction and land development $ — $ — $ — $ — Real estate: Residential — — — 259 Commercial real estate - owner occupied — — — 1,312 Commercial real estate - non-owner occupied — — — 6,286 Commercial and industrial 3 — — 183 SBA loans 1,117 113 — 4,951 Consumer — — — — Total $ 1,120 $ 113 $ — $ 12,991 December 31, 2019 Still Accruing 30-59 Days 60-89 Days 90 Days or more Nonaccrual (dollars in thousands) Construction and land development $ — $ — $ — $ — 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 A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. Recorded investment represents unpaid principal balance, net of charge-offs, discounts, premiums and interest applied to principal on nonaccrual loans, if any. The following tables present impaired loans, excluding PCI loans, by loan class at September 30, 2020 and December 31, 2019: September 30, 2020 Impaired Loans Unpaid Recorded Without With Related (dollars in thousands) Real estate: Residential $ 259 $ 259 $ 259 $ — $ — Commercial real estate - owner occupied 1,363 1,312 1,312 — — Commercial real estate - non-owner occupied 6,329 6,286 5,004 1,282 165 Commercial and industrial 183 183 183 — — SBA loans 5,598 5,271 3,718 1,553 377 Total $ 13,732 $ 13,311 $ 10,476 $ 2,835 $ 542 (1) Includes TDRs on accrual of $320 thousand. December 31, 2019 Impaired Loans Unpaid Recorded Without With Related (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) Includes TDRs on accrual of $321 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 periods indicated: Three Months Ended September 30, 2020 June 30, 2020 September 30, 2019 Average Interest Average Interest Average Interest (dollars in thousands) Real estate: Residential $ 263 $ — $ 133 $ 3 $ — $ — Commercial real estate - owner occupied 1,413 — 1,550 — — — Commercial real estate - non-owner occupied 3,813 — 1,361 — — — Commercial and industrial 184 — 185 — 732 — SBA loans 5,350 6 6,074 6 4,179 54 Total $ 11,023 $ 6 $ 9,303 $ 9 $ 4,911 $ 54 Nine Months Ended September 30, 2020 2019 Average Interest Average Interest (dollars in thousands) Real estate: Residential $ 131 $ 3 $ — $ — Commercial real estate - owner occupied 1,855 — — — Commercial real estate - non-owner occupied 3,018 — — — Commercial and industrial 188 — 304 — SBA loans 6,030 19 2,563 71 Total $ 11,222 $ 22 $ 2,867 $ 71 At September 30, 2020 and December 31, 2019, the total recorded investment for loans identified as a TDR was approximately $464 thousand and $479 thousand. There were no specific reserves allocated for these loans and the Company had not committed to lend any additional amounts to customers with outstanding loans that are classified as TDRs at September 30, 2020. 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 agreements with a payment plan. During the three months ended September 30, 2020, June 30, 2020 and September 30, 2019, there were no new loan modifications resulting in TDRs. During the nine months ended September 30, 2020 and September 30, 2019, there were no new loan modifications resulting in TDRs. During the three months ended September 30, 2020, June 30, 2020 and September 30, 2019, there was one loan in each period totaling $81 thousand, $85 thousand and $92 thousand modified as a TDR for which there was a payment default within twelve months following the modification. During the nine months ended September 30, 2020 and September 30, 2019, there was one loan in each period totaling $81 thousand and $92 thousand modified as a TDR for which there was a payment default within twelve months following the modification. A loan is considered to be in payment default once it is 90 days contractually past due under the modification. COVID-Related Loan Deferments At September 30, 2020, the Company had 12 non-PPP loans totaling $37 million on payment deferral for COVID-19 related reasons, down from $626 million at June 30, 2020. Over 97% of loans that were granted a deferral have resumed making regular, contractually agreed-upon payments or were paid off. As a part of the CARES Act, the SBA is paying six months of principal, interest and associated fees for borrowers with current SBA 7(a) loans that were disbursed prior to September 27, 2020. At September 30, 2020, the Company had 193 SBA loans with balances totaling $73 million having payments made by the SBA under that SBA debt relief program. One deferred payment loan of $113 thousand was reported as past due, two loans totaling $5 million were reported as nonaccrual and none are reported as troubled debt restructurings ("TDRs") under Section 4013 of the CARES Act. Loans Held for Sale

OTHER REAL ESTATE OWNED AND OTH

OTHER REAL ESTATE OWNED AND OTHER FORECLOSED ASSETS	9 Months Ended
	Sep. 30, 2020
Repossessed Assets [Abstract]
OTHER REAL ESTATE OWNED AND OTHER FORECLOSED ASSETS	OTHER REAL ESTATE OWNED AND OTHER FORECLOSED ASSETSOther real estate owned and other assets ("OREO") acquired by foreclosure or deed in lieu of foreclosure are recorded at fair value less estimated selling costs at the date of foreclosure. On an ongoing basis, properties are appraised as required by market conditions and applicable regulations. At September 30, 2020, there was no other real estate owned and other foreclosed assets. In the third quarter of 2020, the Company sold all of its foreclosed assets at a gain of $2 thousand. There was a net gain on sale of the foreclosed assets and transfer of loan collateral to foreclosed assets of $2 thousand and $155 thousand included in other income in the condensed consolidated statements of income for the three and nine months ended September 30, 2020. There were no provisions and reserves for OREO recorded for the three and nine months ended September 30, 2020 and 2019.

TRANSFERS AND SERVICING OF FINA

TRANSFERS AND SERVICING OF FINANCIAL ASSETS	9 Months Ended
	Sep. 30, 2020
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, therefore, are not included in the accompanying condensed consolidated balance sheets. Loans serviced for others totaled $327.4 million and $278.6 million at September 30, 2020 and December 31, 2019. This includes SBA loans serviced for others of $196.6 million at September 30, 2020 and $214.8 million at December 31, 2019 for which there is a related servicing asset of $2.4 million and $3.2 million. 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 and Main Street SPV of $130.8 million and $63.8 million at September 30, 2020 and December 31, 2019 for which there is no related servicing asset. 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 based on the estimated fair value of these future cash flows to be collected. The risk inherent in the SBA servicing asset primarily relates to accelerated prepayment of loans in excess of what was originally modeled driven by changes in interest rates and a reduction in the estimated future cash flows. The servicing asset activity includes additions from loan sales with servicing retained and reductions from amortization as the serviced loans are repaid and servicing fees are earned. The SBA servicing asset activity is summarized for the periods indicated: Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 (dollars in thousands) Balance, beginning of period $ 2,516 $ 3,482 $ 3,202 $ 3,186 Additions 111 170 179 883 Amortization (259) (282) (1,013) (699) Balance, end of period $ 2,368 $ 3,370 $ 2,368 $ 3,370 The fair value of the servicing asset for SBA loans is measured quarterly and was $3.1 million and $3.2 million as of September 30, 2020 and December 31, 2019. The significant assumptions used in the valuation of the SBA servicing asset at September 30, 2020 included discount rates, ranging from 0.7% to 49.4%, and a weighted average prepayment speed assumption of 21.5%. The following table summarizes the estimated change in the value of servicing assets as of September 30, 2020 given hypothetical shifts in prepayments speeds and yield assumptions: Change in Assumption Change in Estimated Fair Value (dollars in thousands) Prepayment speeds +10% $ (198) Prepayment speeds +20% (373) Discount rate +1% (81) Discount rate +2% (158) During the three months ended September 30, 2020 and 2019, SBA loans sold totaled $6.2 million and $9.7 million resulting in total gains on sale of SBA loans of $504 thousand and $528 thousand. During the nine months ended September 30, 2020 and 2019, SBA loans sold totaled $9.6 million and $44.7 million resulting in total gains on sale of SBA loans of $881 thousand and $2.7 million. Net servicing (costs) fees, a component of noninterest income, represent contractually specified servicing fees reported net of the servicing asset amortization. Net servicing fees totaled $228 thousand and $242 thousand for the three months ended September 30, 2020 and 2019 including contractually specified servicing fees of $487 thousand and $524 thousand, offset by the amortization indicated in the table above. Net servicing fees totaled $443 thousand and $763 thousand for the nine months ended September 30, 2020 and 2019, including contractually specified servicing fees of $1.5 million and $1.5 million, offset by the amortization indicated in the table above.

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	9 Months Ended
	Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS	GOODWILL AND INTANGIBLE ASSETS In connection with the acquisition of Pacific Commerce Bancorp ("PCB"), the Company recognized goodwill of $73.4 million and a core deposit intangible ("CDI") of $6.9 million on July 31, 2018. Due to the COVID-19 pandemic and the resulting volatility in our stock price during the first nine months of 2020, the Company evaluated goodwill for impairment at September 30, 2020 and tested for impairment by comparing an estimated fair value of the Company to our book value. The fair value was estimated using the following two tests: (i) recent acquisition price-to-tangible book multiples were applied to the Company's tangible book value to compute the estimated fair value; and (ii) an “average price to last twelve month earnings” market multiple was applied to: (i) actual earnings and (ii) forecasted fiscal year 2020 earnings. Both tests resulted in the estimated fair value exceeding book value, and therefore, the Company did not recognize any impairment of goodwill for the three and nine months ended September 30, 2020. For the three and nine months ended September 30, 2020 and 2019, the Company recognized the CDI amortization indicated in the table below. Three Months Ended Nine Months Ended September 30, September 30, 2020 September 30, 2019 2020 2019 (dollars in thousands) Core deposit intangible: Gross balance, beginning of period $ 6,908 $ 6,908 $ 6,908 $ 6,908 Additions — — — — Gross balance, end of period $ 6,908 $ 6,908 $ 6,908 $ 6,908 Accumulated amortization: Balance, beginning of period (1,566) (725) (1,180) (332) Amortization (193) (197) (579) (590) Balance, end of period $ (1,759) $ (922) $ (1,759) $ (922) Net core deposit intangible, end of period $ 5,149 $ 5,986 $ 5,149 $ 5,986 The following table shows the estimated amortization expense for CDI during the next five fiscal years: Year Ending December 31, (dollars in thousands) Remainder of 2020 $ 193 2021 753 2022 732 2023 707 2024 678 Thereafter 2,086 $ 5,149

DEPOSITS

DEPOSITS	9 Months Ended
	Sep. 30, 2020
Banking and Thrift, Other Disclosures [Abstract]
DEPOSITS	DEPOSITS The ten largest depositor relationships accounted for approximately 27% of total deposits at September 30, 2020 and 28% at December 31, 2019. Brokered non-maturity deposits totaled $118.7 million and $48.1 million at September 30, 2020 and December 31, 2019. Brokered time deposits totaled $101.3 million and $50.4 million at September 30, 2020 and December 31, 2019. Time deposits that exceeded the FDIC insurance limit of $250,000 amounted to $30.6 million and $61.7 million as of September 30, 2020 and December 31, 2019. 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. Total collateralized deposits, including the deposits of State of California and other public agencies, were $46.5 million at September 30, 2020 and were collateralized by letters of credit issued by the FHLB under the Bank's secured line of credit with the FHLB. See Note 8 – Borrowing Arrangements for additional information regarding the FHLB secured line of credit.

BORROWING ARRANGEMENTS

BORROWING ARRANGEMENTS	9 Months Ended
	Sep. 30, 2020
Debt Disclosure [Abstract]
BORROWING ARRANGEMENTS	BORROWING ARRANGEMENTS Federal Home Loan Bank Secured Line of Credit At September 30, 2020, the Bank had a secured line of credit of $407.1 million from the FHLB, of which $186.1 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 September 30, 2020, the Bank had pledged $1.64 billion of loans under the blanket lien, including PPP loans, of which $860.3 million was considered as eligible collateral. PPP loans are not considered eligible collateral under this borrowing agreement. At September 30, 2020, the Bank also participated in the FHLB San Francisco's new Recovery Advance loan program for $10 million at zero percent interest with maturity dates in November 2020 and May 2021. The following table shows the interest rates and maturity dates of FHLB advances at periods indicated: September 30, 2020 December 31, 2019 Balance Rate Maturity Date Balance Rate Maturity Date Advances: (dollars in thousands) Recovery advance $ 5,000 — % 11/19/2020 $ — — % — Recovery advance 5,000 — % 5/19/2021 — — % — Term and fixed-rate advance 30,000 0.22 % 11/27/2020 60,000 1.72 % 3/20/2020 Term and fixed-rate advance 50,000 0.19 % 2/26/2021 — — % — Term and fixed-rate advance 30,000 0.25 % 5/26/2021 — — % — Term and fixed-rate advance 30,000 1.93 % 6/11/2021 30,000 1.93 % 6/11/2021 $ 150,000 0.54 % $ 90,000 1.79 % In addition, at September 30, 2020, the Bank used $71.0 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. The average outstanding balance of total FHLB borrowings was $152.7 million and $48.3 million with an average interest rate of 0.54% and 2.08% for the three months ended September 30, 2020 and 2019. The average balance of total FHLB borrowings was $129.4 million and $53.1 million with an average interest rate of 0.80% and 2.39% for the nine months ended September 30, 2020 and 2019. Federal Reserve Bank Secured Line of Credit At September 30, 2020, the Bank had a secured line of credit of $138.2 million from the Federal Reserve Bank. During the third quarter of 2019, the Bank expanded the existing secured borrowing capacity with the Federal Reserve through the Borrower-in-Custody ("BIC") program. At September 30, 2020, the Bank had pledged qualifying loans with an unpaid principal balance of $203.1 million and securities held-to-maturity with a carrying value of $1.7 million as collateral for this line. Borrowings under this BIC program are overnight advances with interest chargeable at Federal Reserve discount window ("Primary Credit") borrowing rate. There were no borrowings under this credit facility at or during the three and nine months ended September 30, 2020 and there were no borrowings at December 31, 2019. Paycheck Protection Program Liquidity Facility On April 14, 2020, the Bank was approved by the Federal Reserve to access its SBA Paycheck Protection Program Liquidity Facility ("PPPLF") through the discount window. The PPPLF enables the Company to fund PPP loans without taking on additional liquidity or funding risks by providing non-recourse loans collateralized by the PPP loans. Borrowings under the PPPLF have a fixed-rate of 0.35%, with a term that matches the underlying loans pledged of two years. At September 30, 2020, the Bank had $253.1 million in borrowings under the PPPLF which were collateralized by PPP loans. The average outstanding borrowings were $240.6 million and $123.1 million during the three and nine months ended September 30, 2020. Federal Funds Unsecured Lines of Credit The Bank has established unsecured overnight borrowing arrangements for an aggregate amount of $125.0 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 borrowings under these credit facilities at or during the three and nine months ended September 30, 2020 and there were no borrowings at December 31, 2019. Senior Secured Notes

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2020
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 decreased by approximately $68 thousand during the nine months ended September 30, 2020 as a result of changes to temporary differences and the reversal of interest accrued related to unrecognized tax benefits. 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 at September 30, 2020. For the three months ended September 30, 2020 and 2019, income tax expense was $3.3 million and $3.3 million, resulting in an effective income tax rate of 29.3% and 28.9%. For the nine months ended September 30, 2020 and 2019, income tax expense was $7.5 million and $9.7 million, resulting in an effective income tax rate of 29.3% and 30.8%. Our effective tax rate varies from the statutory rate of 29.6% during the three and nine months ended September 30, 2020 and September 30, 2019 due to the tax effect of stock-based compensation. The Company is subject to federal income and California franchise tax. At September 30, 2020, 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. There were no unrecognized tax benefits at September 30, 2020 due to the expiration of the statute of limitations for the assessment of taxes. There were $113 thousand of unrecognized tax benefits at December 31, 2019, 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 September 30, 2020 and December 31, 2019. There were no interest and penalties related to unrecognized tax benefits in income tax expense at September 30, 2020. The Company recognizes interest and penalties related to unrecognized tax benefits in income tax expense, and had accrued $19 thousand of interest at December 31, 2019. No amounts for penalties were accrued at September 30, 2020 and December 31, 2019. On June 29, 2020, the Assembly Bill No. 85 (AB 85) was signed into law by California Governor Gavin Newsom to raise additional income tax revenue to assist in balancing the California budget caused by the COVID-19 pandemic. The most significant provision of this bill is the suspension of the net operating losses (NOL) deduction for tax years beginning on or after January 1, 2020 and before January 1, 2023. The existing 20-year carry forward period for NOLs (10 years for losses incurred in the tax year 2000 through 2007) would be extended for up to three years if losses are not used due to the NOL suspension. On March 27, 2020, the U.S. government enacted the CARES Act. Among other provisions, the CARES Act makes several modifications to federal net operating losses, including requiring a taxpayer with a net operating loss (“NOL”) arising in a taxable year beginning in 2018, 2019, or 2020 to carry that loss back to each of the five preceding years unless the taxpayer elects to waive or reduce the carryback. The Company did not generate NOLs in 2018 and 2019.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2020
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 our 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 condensed 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 the Company does for loans reflected in our condensed consolidated financial statements. As of September 30, 2020 and December 31, 2019, the Company had the following outstanding financial commitments whose contractual amounts represent credit risk: September 30, 2020 December 31, 2019 (dollars in thousands) Commitments to extend credit $ 383,666 $ 376,879 Standby letters of credit 7,210 7,616 Commitments to contribute capital to low income housing projects 2,234 1,738 Commitments to contribute capital to other CRA equity investments 61 236 Total $ 393,171 $ 386,469 Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Since many of the commitments are expected to expire without being drawn upon, the total amounts do not necessarily represent future cash requirements. The Company evaluates each client’s credit worthiness on a case-by-case basis. The amount of collateral obtained if deemed necessary by the Company is based on management’s credit evaluation of the customer. The majority of the commitments to extend credit and standby letters of credit are secured by real estate. The Company did not recognize any provision for unfunded loan commitments for the three months ended September 30, 2020 and 2019. The provision for unfunded loan commitments is included in "other expense" in the condensed consolidated statements of income and was $300 thousand for the nine months ended September 30, 2020; there was no provision for unfunded loan commitments recognized for the nine months ended September 30, 2019. The reserve for unfunded commitments was $1.5 million and $1.2 million at September 30, 2020 and December 31, 2019. The reserve for unfunded commitments is included in "other liabilities" in our condensed consolidated balance sheets. The Company committed to invest in two partnerships 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, the Company invested in other CRA investments such as the Small Business Investment Company ("SBIC") program. At September 30, 2020 and December 31, 2019, the Company had unfunded commitments to contribute capital to LIHTC investments and other CRA investments totaling $2.3 million and $2.0 million. In the normal course of business, the Company is named or threatened to be named as a defendant in various lawsuits. The Company is 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 the Company has a number of unresolved claims pending. In addition, as part of the ordinary course of business, the Company is party 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, the Company believes that damages, if any, and other amounts relating to pending matters are not likely to be material to the condensed consolidated balance sheets or condensed consolidated statements of income.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2020
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS In the ordinary course of business, the Company may provide loans to certain executive officers and directors and the companies with which they are associated. There were no related party loans for the three and nine months ended September 30, 2020 and 2019. Deposits from certain officers and directors and the companies with which they are associated totaled $26.0 million and $35.0 million at September 30, 2020 and December 31, 2019. The holding company has a $25.0 million senior secured facility and a $20.0 million federal funds unsecured line of credit (refer to Note 8 - Borrowing Arrangements) with a correspondent bank in which one of the Company's executives is also a member of the correspondent bank’s Board of Directors. At September 30, 2020 and December 31, 2019, the outstanding balance of the senior secured facility was $4.4 million and $9.6 million. There were no borrowings under the unsecured line of credit at September 30, 2020 and December 31, 2019. The Company maintains a correspondent deposit relationship with the correspondent bank, and had deposits of $2.2 million and $1.4 million at September 30, 2020 and December 31, 2019. The Company has invested in stock of the correspondent bank which totaled $102 thousand at September 30, 2020 and December 31, 2019. In addition, the Company has loan participation agreements where the Company may participate out a portion of loans to the correspondent bank. The total participated loan balance was $20.0 million and $16.3 million at September 30, 2020 and December 31, 2019.

STOCK-BASED COMPENSATION PLANS

STOCK-BASED COMPENSATION PLANS	9 Months Ended
	Sep. 30, 2020
Share-based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION PLANS	STOCK-BASED COMPENSATION PLANS The Company's 2013 Omnibus Stock Incentive Plan (“2013 Plan”) was approved by shareholders in May 2013. Under the terms of the 2013 Plan, officers and key employees may be granted both nonqualified and incentive stock options and directors and other consultants, who are not also an officer or employee, may only be granted nonqualified stock options. The 2013 Plan also permits the grant of stock appreciation rights (“SARs”), restricted shares, deferred shares, performance shares and performance unit awards. The 2013 Plan provides that the total number of awards of common stock that may be issued over the term of the plan shall not exceed 1,590,620 shares, of which a maximum of 300,000 shares may be granted as incentive stock options. An increase of 200,000 shares available for issuance under the 2013 Plan was approved by the Company's shareholders in June 2020. 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 The Company recognized stock-based compensation expense of $525 thousand and $527 thousand for the three months ended September 30, 2020 and 2019. For the nine months ended September 30, 2020 and 2019, the Company recognized stock-based compensation expense of $1.5 million for both periods. A summary of activity in our outstanding stock options during the three and nine months ended September 30, 2020 and 2019 is as follows: Three Months Ended September 30, 2020 2019 Shares Weighted Shares Weighted Outstanding, beginning of period 131,424 $ 10.33 141,089 $ 10.18 Exercised (8,686) 4.86 (2,512) 11.60 Granted — — — — Forfeited (3,576) 18.04 — — Outstanding, end of period 119,162 $ 10.50 138,577 $ 10.16 Options exercisable 114,162 $ 10.33 138,577 $ 10.16 Nine Months Ended September 30, 2020 2019 Shares Weighted Weighted Average Remaining Contractual Life (Years) Aggregate Intrinsic Value Shares Weighted Weighted Average Remaining Contractual Life (Years) Aggregate Intrinsic Value (dollars in thousands, except share and per share data) Outstanding, beginning of period 137,531 $ 10.20 383,212 $ 10.44 Exercised (17,648) 7.22 (244,249) 10.60 Granted 5,000 14.42 — — Forfeited (5,721) 16.67 (386) 12.94 Outstanding, end of period 119,162 $ 10.50 3.5 years $ 359 138,577 $ 10.16 4.2 years $ 1,547 Options exercisable 114,162 $ 10.33 3.3 years $ 359 138,577 $ 10.16 4.2 years $ 1,547 As of September 30, 2020, there was $10 thousand unrecognized compensation cost related to the outstanding stock options. The intrinsic value of options exercised during the three months ended September 30, 2020 and 2019 was approximately $83 thousand and $25 thousand. The intrinsic value of options exercised during the nine months ended September 30, 2020 and 2019 was approximately $145 thousand and $2.7 million. A summary of activity for outstanding restricted shares for the three and nine months ended September 30, 2020 and 2019 is as follows: Three Months Ended September 30, 2020 2019 Shares Weighted Average Shares Weighted Average Nonvested, beginning of period 128,661 $ 21.79 128,053 $ 22.91 Granted 100 16.27 972 22.56 Vested (1,146) 25.24 (4,537) 26.41 Forfeited (240) 23.36 (843) 21.43 Nonvested, end of period 127,375 $ 21.75 123,645 $ 22.79 Nine Months Ended September 30, 2020 2019 Shares Weighted Average Shares Weighted Average Nonvested, beginning of period 113,635 $ 22.50 84,120 $ 23.90 Granted 102,367 21.62 111,205 22.19 Vested (85,071) 22.37 (64,012) 23.32 Forfeited (3,556) 27.09 (7,668) 21.83 Nonvested, end of period 127,375 $ 21.75 123,645 $ 22.79 As of September 30, 2020, there was approximately $1.4 million of total unrecognized compensation cost related to the restricted shares that will be recognized over the weighted-average period of 1.9 years. The value of restricted shares that vested was approximately $29 thousand and $120 thousand during the three months ended September 30, 2020 and 2019. The value of restricted shares that vested was approximately $1.9 million and $1.5 million for the nine months ended September 30, 2020 and 2019.

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Sep. 30, 2020
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 unvested shares of restricted stock and stock options. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that shares in our earnings. The Company's unvested grants of restricted stock contain non-forfeitable rights to dividends, which are required to be treated as participating securities and included in the computation of earnings per share. The following is a reconciliation of net income and shares outstanding used in the computation of basic and diluted EPS: Three Months Ended Nine Months Ended September 30, September 30, 2020 June 30, September 30, 2019 2020 2019 Numerator for basic earnings per share: (dollars in thousands, except share and per share data) Net income $ 7,881 $ 5,730 $ 8,071 $ 18,157 $ 21,890 Less: dividends and net income allocated to participating securities (86) (60) (86) (182) (222) Net income available to common shareholders $ 7,795 $ 5,670 $ 7,985 $ 17,975 $ 21,668 Denominator for basic earnings per share: Basic weighted average common shares outstanding during the period 11,573,138 11,564,965 11,584,955 11,565,398 11,605,687 Denominator for diluted earnings per share: Basic weighted average common shares outstanding during the period 11,573,138 11,564,965 11,584,955 11,565,398 11,605,687 Net effect of dilutive stock options 39,132 41,315 74,191 51,441 108,333 Diluted weighted average common shares 11,612,270 11,606,280 11,659,146 11,616,839 11,714,020 Net income per common share: Basic $ 0.67 $ 0.49 $ 0.69 $ 1.55 $ 1.87 Diluted $ 0.67 $ 0.49 $ 0.68 $ 1.55 $ 1.85

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Sep. 30, 2020
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 (using an exit price notion) in a current transaction between willing parties, other than in a forced or liquidation sale. Fair value estimates are made at a specific point in time based on relevant market information and information about the financial instrument. These estimates do not reflect any premium or discount that could result from offering for sale at one time the entire holdings of a particular financial instrument. Because no market value exists for a significant portion of the financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments, and other factors. These estimates are subjective in nature, involve uncertainties and matters of judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates. Fair value 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 Due from Banks . 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 and held-to-maturity 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 and Other Bank Stock . 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. Restricted Stock Investments . Investments in FHLB and Federal Reserve stocks are recorded at cost and measured for impairment. Ownership of FHLB and Federal Reserve stocks are 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 and Federal Reserve 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. Paycheck Protection Program Liquidity Facility. The fair value of the PPPLF is estimated using a discounted cash flow based on the remaining contractual term and current borrowing rates for similar terms. 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 following table provides the fair value hierarchy level and estimated fair value of significant financial instruments at September 30, 2020 and December 31, 2019: September 30, 2020 December 31, 2019 Fair Value Carrying Fair Carrying Fair Financial Assets: (dollars in thousands) Cash and cash equivalents Level 1 $ 181,536 $ 181,536 $ 161,801 $ 161,801 Securities available-for-sale Level 2 37,999 37,999 26,653 26,653 Securities held-to-maturity Level 2 1,680 1,801 5,056 5,077 Equity securities Level 1 2,792 2,792 2,694 2,694 Loans held for sale Level 2 36,474 39,271 7,659 8,420 Loan held for investment, net Level 3 1,866,196 1,906,039 1,361,153 1,393,282 Restricted stock investments, at cost Level 2 12,999 12,999 12,986 12,986 Servicing asset Level 3 2,368 3,063 3,202 3,246 Accrued interest receivable Level 2 11,500 11,500 5,451 5,451 Financial Liabilities: Deposits Level 2 $ 1,559,912 $ 1,561,061 $ 1,313,693 $ 1,316,287 Borrowings Level 2 150,000 150,336 90,000 91,029 PPP Liquidity Facility Level 2 253,140 253,245 — — Senior secured notes Level 2 4,400 4,400 9,600 9,600 Accrued interest payable Level 2 418 418 203 203 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 September 30, 2020 and December 31, 2019: Recurring Fair Value Measurements Level 1 Level 2 Level 3 Total September 30, 2020: (dollars in thousands) Securities available-for-sale: U.S. Government and agency securities $ — $ 2,706 $ — $ 2,706 Mortgage-backed securities — 6,157 — 6,157 Collateralized mortgage obligations — 20,908 — 20,908 SBA Pools — 8,228 — 8,228 Securities available-for-sale $ — $ 37,999 $ — $ 37,999 Equity securities: Mutual fund investment $ 2,792 $ — $ — $ 2,792 December 31, 2019: 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 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. The following table provides the hierarchy and fair value for each major category of assets and liabilities measured at fair value on a nonrecurring basis at September 30, 2020 and December 31, 2019: Nonrecurring Fair Value Measurements Level 1 Level 2 Level 3 Total September 30, 2020: (dollars in thousands) Impaired loans $ — $ — $ 2,293 $ 2,293 December 31, 2019: Impaired loans $ — $ — $ 3,558 $ 3,558 The majority of the impaired loans are considered collateral-dependent loans or are supported by a SBA guaranty. The collateral-dependent impaired loans were written down to the fair value of their underlying collateral less costs to sell of $2.3 million and $3.6 million at September 30, 2020 and December 31, 2019, by establishing specific reserves or by recording charge-offs when the carrying value exceeded the fair value of the underlying collateral of impaired loans. The Company generally utilized selling costs of 10% of appraised values for nonrecurring fair value measurements related to collateral-dependent impaired loans during the three and nine months ended September 30, 2020. The fair value adjustments (which include charge-offs, net of recoveries and changes in specific reserves) resulted in $93 thousand in losses and $25

REVENUE RECOGNITION

REVENUE RECOGNITION	9 Months Ended
	Sep. 30, 2020
Revenue from Contract with Customer [Abstract]
REVENUE RECOGNITION	REVENUE RECOGNITION The portion of our noninterest income which is in scope of Topic 606, Revenue from Contracts with Customers , includes fees from deposit customers for transaction-based fees, account maintenance charges, and overdraft services. Transaction-based fees include items such as ATM and ACH fees, overdraft and stop payment charges, and are recognized at the time such transactions are executed and service has been fulfilled. 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 its performance obligation. Overdraft fees are recognized at the time the overdraft occurs. Service charges are typically withdrawn from the customer’s account balance. The following is a summary of our noninterest income in-scope and not in-scope of Topic 606: Three Months Ended Nine Months Ended September 30, September 30, 2020 September 30, 2019 2020 2019 (dollars in thousands) Noninterest income, in-scope: Service charges and fees on deposit accounts $ 495 $ 475 $ 1,497 $ 1,579 Other income 45 46 268 133 Total noninterest income, in-scope 540 521 1,765 1,712 Noninterest income, not in-scope: Gain on sale of loans 990 528 1,367 2,727 Net servicing fees 228 242 443 763 Other income 185 382 838 915 Total noninterest income, not in-scope 1,403 1,152 2,648 4,405 Total noninterest income $ 1,943 $ 1,673 $ 4,413 $ 6,117

EQUITY

EQUITY	9 Months Ended
	Sep. 30, 2020
Equity [Abstract]
EQUITY	EQUITY Dividends During the three months ended September 30, 2020 and 2019, total quarterly cash dividends declared were $0.25 and $0.20 per share and total cash dividends paid were $2.9 million and $2.3 million. During the nine months ended September 30, 2020 and 2019, total quarterly cash dividends declared were $0.75 and $0.60 per share and total cash dividends paid were $8.8 million and $7.0 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, or approximately 10%, of our 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. 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 management deems appropriate. These factors may also affect the timing and amount of share repurchases. The repurchase plan does not obligate us to purchase any particular number of shares.

Regulatory Capital

Regulatory Capital	9 Months Ended
	Sep. 30, 2020
Banking and Thrift, Other Disclosures [Abstract]
REGULATORY CAPITAL	REGULATORY CAPITAL First Choice 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 our consolidated 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 assets, liabilities, and certain off-balance-sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. At September 30, 2020, the Company qualified for treatment under the Small Bank Holding Company Policy Statement (Regulation Y, Appendix C) and, therefore, is not subject to consolidated capital rules at the bank holding company level. The Bank has also opted into the Community Bank Leverage Ratio ("CBLR") framework, beginning with the Call Report filed for the first quarter of 2020. At September 30, 2020, the Bank's CBLR ratio was 10.29% which exceeded all regulatory capital requirements under the CBLR framework and the Bank was considered to be ‘‘well-capitalized.’’ Banks and their bank holding companies that have less than $10 billion in total consolidated assets and meet other qualifying criteria, including a leverage ratio (equal to tier 1 capital divided by average total consolidated assets) of greater than 9%, are eligible to opt into the CBLR framework. Qualifying community banking organizations that elect to use the CBLR framework and that maintain a leverage ratio of greater than 9% will be considered to have satisfied the generally applicable risk-based and leverage capital requirements in the agencies’ capital rules (generally applicable rule) and, if applicable, will be considered to have met the well-capitalized ratio requirements for purposes of section 38 of the Federal Deposit Insurance Act. Accordingly, a qualifying community banking organization that exceeds the 9% CBLR will be considered to have met: (i) the generally applicable risk-based and leverage capital requirements of the generally applicable capital rules; (ii) the capital ratio requirements in order to be considered well-capitalized under the prompt corrective action framework; and (iii) any other applicable capital or leverage requirements. A qualifying community banking organization that elects to be under the CBLR framework generally would be exempt from the current capital framework, including risk-based capital requirements and capital conservation buffer requirements. A banking organization meets the definition of a “qualifying community banking organization” if the organization has: • A leverage ratio of greater than 9%; • Total consolidated assets of less than $10 billion; • Total off-balance sheet exposures (excluding derivatives other than sold credit derivatives and unconditionally cancellable commitments) of 25% or less of total consolidated assets; and • Total trading assets plus trading liabilities of 5% or less of total consolidated assets. Even though a banking organization meets the above-stated criteria, federal banking regulators have reserved the authority to disallow the use of the CBLR framework by a depository institution or depository institution holding company, based on the risk profile of the banking organization. On April 6, 2020, the federal banking regulators, implementing the applicable provisions of the CARES Act, issued interim rules which modified the CBLR framework so that: (i) beginning in the second quarter 2020 and until the end of the year, a banking organization that has a leverage ratio of 8% or greater and meets certain other criteria may elect to use the CBLR framework; and (ii) community banking organizations will have until January 1, 2022, before the CBLR requirement is reestablished at greater than 9%. Under the interim rules, the minimum CBLR is 8% beginning in the second quarter and for the remainder of calendar year 2020, 8.5% for calendar year 2021, and 9% thereafter. The interim rules also maintain a two-quarter grace period for a qualifying community banking organization whose leverage ratio falls no more than 1% below the applicable community bank leverage ratio. Assets originated under the PPP which are also pledged under the PPPLF are deducted from average total consolidated assets for purposes of the CBLR. However, such assets are included in total consolidated assets for purposes of determining the eligibility to elect the CBLR framework.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2020
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS On November 5, 2020, the Company declared a $0.25 cash dividend payable on December 28, 2020 to shareholders of record as of December 14, 2020.

Basis of Presentation and Sum_2

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2020
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements include the accounts of First Choice Bancorp, and its wholly-owned subsidiary, First Choice Bank, and the Bank's wholly-owned subsidiary, PCB Real Estate Holdings, LLC, and have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X for interim financial information. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments, consisting of normal recurring adjustments considered necessary to a fair presentation of the results for the interim periods presented have been included. Unaudited interim results for the nine months ended September 30, 2020 are not necessarily indicative of the results that may be expected for the full year ending December 31, 2020. These unaudited interim period condensed consolidated financial statements should be read in conjunction with our audited consolidated financial statements as of and for the years ended December 31, 2019 and 2018, which are included in our Annual Report on Form 10-K filed with the Securities and Exchange Commission (the "SEC"). The December 31, 2019 condensed consolidated balance sheet presented herein has been derived from the audited financial statements included in the Annual Report on Form 10-K for the year ended December 31, 2019 filed with the SEC. All significant intercompany balances and transactions have been eliminated in consolidation. Accounting Policies The Company's accounting policies are based upon GAAP and conform to predominant practices within the banking industry. They were disclosed in the Company's Annual Report on Form 10-K for the year ended December 31, 2019 under the section entitled "Summary of Critical Accounting Policies" in Management’s Discussion and Analysis of Financial Condition and Results of Operations, and Note 1 - Basis of Presentation and Summary of Significant Accounting Policies to the audited consolidated financial statements included therewith. Updates to our significant accounting policies are described below.
Use of Estimates in the Preparation of Consolidated Financial Statements	Use of Estimates in the Preparation of Consolidated Financial StatementsThe preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could significantly 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.
Guidance On Non-TDR Loan Modifications Due to COVID-19	Guidance On Non-TDR Loan Modifications Due To COVID-19 On March 27, 2020, the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”) was signed into law. Section 4013 of the CARES Act, entitled "Temporary Relief From Troubled Debt Restructurings," provides banks with the option to temporarily suspend certain requirements under GAAP related to troubled debt restructurings ("TDRs") for the period beginning March 1, 2020 and ending on the earlier of December 31, 2020 and the date that is 60 days following the termination of the federal emergency declaration relating to the Coronavirus Disease 2019 ("COVID-19") pandemic. On April 7, 2020, the federal banking agencies issued a revised joint statement, entitled "Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working With Customers Affected by the Coronavirus ("Revised Statement"). The Revised Statement clarifies the accounting treatment of loan modifications under Section 4013 of the CARES Act or in accordance with ASC Subtopic 310-40, Receivables—Troubled Debt Restructurings by Creditors (“ASC Subtopic 310-40”). To be an eligible loan under section 4013, a loan modification must be (1) related to COVID-19; (2) executed on a loan that was not more than 30 days past due as of December 31, 2019; and (3) executed between March 1, 2020, and the earlier of (A) 60 days after the date of termination of the National Emergency or (B) December 31, 2020 (applicable period). Financial institutions that account for loans under Section 4013 are not required to apply ASC Subtopic 310-40 to these loans for the term of the loan modification and will not have to report these loans as TDRs in regulatory reports. In addition, the joint interagency statement encourages financial institutions to work prudently with borrowers who are or may be unable to meet their contractual payment obligations due to the effects of the COVID-19 pandemic. Pursuant to the interagency statement, loan modifications that do not meet the conditions of Section 4013 of the CARES Act may still qualify as a modification that does not need to be accounted for as a TDR. Specifically, the agencies confirmed with the staff of the Financial Accounting Standards Board (FASB) that short-term modifications made in good faith in response to the pandemic to borrowers who were current prior to any relief are not TDRs under GAAP. This includes short-term (e.g. six months) modifications such as payment deferrals, fee waivers, extensions of repayment terms, or delays in payments that are insignificant. Borrowers considered current are those that are less than 30 days past due on their contractual payments at the time a modification program is implemented. Appropriate allowances for loan and lease losses are expected to be maintained. With regard to loans not otherwise reportable as past due, financial institutions are not expected to designate loans with deferrals granted due to the pandemic as past due because of the deferral. The interagency statement also states that during short-term pandemic-related loan modifications, these loans generally should not be reported as nonaccrual. For loan modifications that do not qualify for treatment under Section 4013 or ASC Subtopic 310-40, as clarified by the Revised Statement, financial institutions will be required to comply with existing accounting policies to determine whether the modification should be accounted for as a TDR. The Company's initial loan deferral program provided a deferral of principal and/or interest-only payments for periods not exceeding 90-days for all loans that qualify under Section 4013 of the CARES Act. Loans qualifying for deferral
Accounting Standards Adopted in 2020 and Recent Accounting Guidance Not Yet Effective	Accounting Standards Adopted in 2020 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 was to improve the effectiveness of disclosures in the notes to financial statements. ASU 2018-13 was effective for interim and annual reporting periods beginning after December 15, 2019, although early adoption was permitted. The Company adopted this guidance on January 1, 2020. The adoption of ASU 2018-13 did not 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 aligned the requirements for capitalizing implementation costs incurred in a hosting arrangement that was 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 was effective on January 1, 2020, including interim periods within the years of adoption although early adoption was permitted. The adoption of ASU 2018-15 did not have a material impact to the Company's consolidated financial statements. 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 qualifies as a "smaller reporting company" under the regulations of the SEC. Therefore, this ASU will be effective for the Company on January 1, 2023 with early adoption permitted. The Company is considering early adoption of ASU 2016-13 on January 1, 2021. Management has a cross functional committee in place to oversee the project, has selected a software to implement the new guidance using peer historical loss data, has engaged an existing third-party service provider to assist in implementation and has subscribed to a third-party application vendor for economic forecasts. The Company has completed data gap analyses, developed initial modeling assumptions, and run a high level sensitivity analysis. The Company expects to complete parallel calculations, testing, and further sensitivity analysis in the fourth 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, such as the Company, as well as private companies and other non-SEC filers. 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 May 2019, the FASB issued ASU 2019-05, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instrument (ASU 2019-05) which grants 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). 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) which clarifies certain aspects of Topic 326 guidance issued in ASU 2016-13 including guidance providing transition relief for 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). 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) which simplifies the accounting for income taxes by removing certain exceptions for investments, intraperiod allocations, and interim calculations, and adds 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. On March 12, 2020, the FASB issued ASU 2020-04, Facilitation of the Effects of Reference Rate Reform on Financial Reportin g (ASU 2020-04), which provides optional expedients and exceptions for applying generally accepted accounting principles (GAAP) to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The amendments apply only to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. The amendments are effective for contract modifications as of March 12, 2020 through December 31, 2022. The expedients and exceptions provided by the amendments do not apply to contract modifications made and hedging relationships entered into or evaluated after December 31, 2022, except for hedging relationships existing as of December 31, 2022, that an entity has elected certain optional expedients for and that are retained through the end of the hedging relationship. The Company has not yet determined the potential impact of the adoption of ASU 2020-04 to the consolidated financial statements. Effective April 27, 2020, the SEC amended the definitions of “accelerated” and “large accelerated filer” to exclude from those definitions registrants that are eligible to be treated as a smaller reporting company and that had annual revenues of less than $100 million in the most recent fiscal year for which audited financial statements are available. Prior to these changes, the Company met the definition of an “accelerated filer" because the Company's public float was greater than $75 million but less than $700 million at the end of the Company’s most recent second quarter. The Company does not anticipate that it will qualify as an “accelerated filer” with respect to its annual report on form 10-K for the year ending December 31, 2020 under these amended definitions. Whether an issuer qualifies as an “accelerated” or “large accelerated filer” or a “smaller reporting company” is determinative of whether the issuer is required to have their management’s assessment of the effectiveness of internal control over financial report attested to, and reported on, by an independent auditor, as required by Section 404(b) of the Sarbanes-Oxley Act. Unlike “large accelerated” and “accelerated” filers, smaller reporting companies are not required to have independent auditor attestations of internal control over financial reporting, but remain obligated, among other things, to establish and maintain internal controls over financial reporting as required by SOX Section 404(a) and have management assess the effectiveness of these controls. In addition, smaller reporting companies also have additional time to file quarterly and annual financial statements. Nevertheless, because the Bank’s total assets exceed $1.0 billion, the Bank is separately required by the Federal Deposit Insurance Corporation Improvement Act ("FDICIA") to have its management’s assessment of the effectiveness of the Bank’s regulatory financial reporting attested to, and reported on, by an independent auditor. Accordingly, the SEC’s amended definitions of “large accelerated” and “accelerated” filer do not materially impact the Company's annual reporting and audit requirements other than providing the Company with additional time to prepare and file its periodic reports required to be filed with the SEC under the Exchange Act.

Investment Securities - (Tables

Investment Securities - (Tables)	9 Months Ended
	Sep. 30, 2020
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 September 30, 2020 and December 31, 2019 were as follows: Amortized Gross Gross Fair September 30, 2020 (dollars in thousands) Securities available-for-sale: U.S. Government and agency securities $ 2,679 $ 27 $ — $ 2,706 Mortgage-backed securities 6,040 117 — 6,157 Collateralized mortgage obligations 20,611 353 (56) 20,908 SBA pools 7,754 474 — 8,228 $ 37,084 $ 971 $ (56) $ 37,999 Securities held-to-maturity: Mortgage-backed securities $ 1,680 $ 121 $ — $ 1,801 $ 1,680 $ 121 $ — $ 1,801 December 31, 2019 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
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 September 30, 2020 and December 31, 2019 were as follows: Amortized Gross Gross Fair September 30, 2020 (dollars in thousands) Securities available-for-sale: U.S. Government and agency securities $ 2,679 $ 27 $ — $ 2,706 Mortgage-backed securities 6,040 117 — 6,157 Collateralized mortgage obligations 20,611 353 (56) 20,908 SBA pools 7,754 474 — 8,228 $ 37,084 $ 971 $ (56) $ 37,999 Securities held-to-maturity: Mortgage-backed securities $ 1,680 $ 121 $ — $ 1,801 $ 1,680 $ 121 $ — $ 1,801 December 31, 2019 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
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 September 30, 2020, by contractual maturities are shown below. Contractual maturities may differ from expected maturities because the obligors and/or issuers may have the right to call or prepay obligations with or without call or prepayment penalties. Held to Maturity Available for Sale Amortized Fair Amortized Fair (dollars in thousands) Due in one year or less $ — $ — $ — $ — Due after one year through five years — — — — Due after five years through ten years — — — — Due after ten years (1) 1,680 1,801 37,084 37,999 $ 1,680 $ 1,801 $ 37,084 $ 37,999 (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 September 30, 2020 and December 31, 2019, unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, are summarized as follows: Less Than Twelve Months Over Twelve Months Total Unrealized Fair Unrealized Fair Unrealized Fair September 30, 2020 (dollars in thousands) Securities available-for-sale: Collateralized mortgage obligations $ (56) $ 4,042 $ — $ — $ (56) $ 4,042 $ (56) $ 4,042 $ — $ — $ (56) $ 4,042 Securities held-to-maturity: Mortgage-backed securities $ — $ — $ — $ — $ — $ — $ — $ — $ — $ — $ — $ — December 31, 2019 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

Loans (Tables)

Loans (Tables)	9 Months Ended
	Sep. 30, 2020
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable	The following table presents loans held for investment, net, by loan class at September 30, 2020 and December 31, 2019: September 30, 2020 December 31, 2019 (dollars in thousands) Construction and land development $ 215,109 $ 249,504 Real estate: Residential 30,067 43,736 Commercial real estate - owner occupied 159,603 171,595 Commercial real estate - non-owner occupied 528,201 423,823 Commercial and industrial 361,170 309,011 SBA loans (1) 602,407 177,633 Consumer 8 430 Loans held for investment, net of discounts (2) 1,896,565 1,375,732 Net deferred origination fees (1) (11,635) (1,057) Loans held for investment 1,884,930 1,374,675 Allowance for loan losses (18,734) (13,522) Loans held for investment, net $ 1,866,196 $ 1,361,153 (1) Includes PPP loans with total outstanding principal of $400.1 million and net unearned fees of $9.9 million at September 30, 2020. (2) Loans held for investment, net of discounts includes the net carrying value of PCI loans of $792 thousand and $1.1 million at September 30, 2020 and December 31, 2019. The following table presents the components of loans held for investment at September 30, 2020 and December 31, 2019: September 30, 2020 December 31, 2019 (dollars in thousands) Gross loans (1) $ 1,904,019 $ 1,385,142 Unamortized net discounts (2) (7,454) (9,410) Net unamortized deferred origination fees (3) (11,635) (1,057) Loans held for investment $ 1,884,930 $ 1,374,675 (1) Gross loans include PPP loans of $400.1 million at September 30, 2020 and the net carrying value of PCI loans of $792 thousand and $1.1 million at September 30, 2020 and December 31, 2019. (2) Unamortized net discounts include discounts related to the retained portion of SBA loans and Main Street loans and net discounts on acquired loans. At September 30, 2020, unamortized net discounts include $4.3 million associated with loans acquired in the PCB acquisition and expected to be accreted into interest income over a weighted average life of 4.1 years. At December 31, 2019, unamortized net discounts on acquired loans associated with the PCB acquisition totaled $6.0 million. (3) Net unamortized deferred origination fees include $9.9 million for PPP loans at September 30, 2020.
Allowance for Credit Losses on Financing Receivables	The following table presents a summary of the changes in the allowance for loan losses for the three and nine months ended September 30, 2020 and 2019: Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 (dollars in thousands) Balance, beginning of period $ 17,822 $ 12,053 $ 13,522 $ 11,056 Provision for loan losses (1) 1,000 700 5,800 1,600 Charge-offs (194) (437) (772) (561) Recoveries 106 24 184 245 Net charge-offs (88) (413) (588) (316) Balance, end of period $ 18,734 $ 12,340 $ 18,734 $ 12,340 (1) No provision for loan losses on PPP loans was recognized for the three and nine months ended at September 30, 2020 as these loans are 100% guaranteed by the SBA under the program. The following tables present the activity in the allowance for loan losses, the composition of the period end allowance, and the loans evaluated for impairment by loan class for the three months ended September 30, 2020, June 30, 2020 and September 30, 2019 and nine months ended September 30, 2020 and 2019: Three Months Ended September 30, 2020 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, June 30, 2020 $ 2,470 $ 361 $ 1,365 $ 5,347 $ 5,607 $ 2,672 $ — $ 17,822 Provision for (reversal of) loan losses (100) (86) (85) 233 745 293 — 1,000 Charge-offs — — — — (194) — — (194) Recoveries — — — — 106 — — 106 Net charge-offs — — — — (88) — — (88) Balance, September 30, 2020 $ 2,370 $ 275 $ 1,280 $ 5,580 $ 6,264 $ 2,965 $ — $ 18,734 Reserves: Specific $ — $ — $ — $ 165 $ — $ 377 $ — $ 542 General 2,370 275 1,280 5,415 6,264 2,588 — 18,192 $ 2,370 $ 275 $ 1,280 $ 5,580 $ 6,264 $ 2,965 $ — $ 18,734 Loans evaluated for impairment: Individually $ — $ 259 $ 1,312 $ 6,286 $ 183 $ 5,271 $ — $ 13,311 Collectively 215,109 29,808 158,196 521,915 360,710 596,716 8 1,882,462 PCI loans — — 95 — 277 420 — 792 $ 215,109 $ 30,067 $ 159,603 $ 528,201 $ 361,170 $ 602,407 $ 8 $ 1,896,565 Nine Months Ended September 30, 2020 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, 2019 $ 2,350 $ 292 $ 918 $ 3,074 $ 4,145 $ 2,741 $ 2 $ 13,522 Provision for (reversal of) loan losses 20 (17) 362 2,506 2,273 658 (2) 5,800 Charge-offs — — — — (326) (446) — (772) Recoveries — — — — 172 12 — 184 Net charge-offs — — — — (154) (434) — (588) Balance, September 30, 2020 $ 2,370 $ 275 $ 1,280 $ 5,580 $ 6,264 $ 2,965 $ — $ 18,734 Three Months Ended June 30, 2020 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, March 31, 2020 $ 2,498 $ 333 $ 844 $ 4,131 $ 5,455 $ 2,954 $ 3 $ 16,218 Provision for (reversal of) loan losses (28) 28 521 1,216 223 143 (3) 2,100 Charge-offs — — — — (125) (425) — (550) Recoveries — — — — 54 — — 54 Net charge-offs — — — — (71) (425) — (496) Balance, June 30, 2020 $ 2,470 $ 361 $ 1,365 $ 5,347 $ 5,607 $ 2,672 $ — $ 17,822 Reserves: Specific $ — $ — $ — $ 188 $ — $ 348 $ — $ 536 General 2,470 361 1,365 5,159 5,607 2,324 — 17,286 $ 2,470 $ 361 $ 1,365 $ 5,347 $ 5,607 $ 2,672 $ — $ 17,822 Loans evaluated for impairment: Individually $ — $ — $ 1,515 $ 1,339 $ 185 $ 5,428 $ — $ 8,467 Collectively 218,226 39,145 160,890 501,354 334,751 580,959 34 1,835,359 PCI loans — — 103 — 475 433 — 1,011 $ 218,226 $ 39,145 $ 162,508 $ 502,693 $ 335,411 $ 586,820 $ 34 $ 1,844,837 Three Months Ended September 30, 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, June 30, 2019 $ 1,892 $ 379 $ 905 $ 2,587 $ 4,502 $ 1,788 $ — $ 12,053 Provision for (reversal of) loan losses 247 (47) (107) (179) 384 399 3 700 Charge-offs — — — — (437) — — (437) Recoveries — — — — 24 — — 24 Net charge-offs — — — — (413) — — (413) Balance, September 30, 2019 $ 2,139 $ 332 $ 798 $ 2,408 $ 4,473 $ 2,187 $ 3 $ 12,340 Reserves: Specific $ — $ — $ — $ — $ — $ 624 $ — $ 624 General 2,139 332 798 2,408 4,473 1,563 3 11,716 $ 2,139 $ 332 $ 798 $ 2,408 $ 4,473 $ 2,187 $ 3 $ 12,340 Loans evaluated for impairment: Individually $ — $ — $ — $ — $ 730 $ 7,002 $ — $ 7,732 Collectively 221,857 48,896 171,250 401,710 309,969 154,042 424 1,308,148 PCI loans — — 110 — 506 564 — 1,180 $ 221,857 $ 48,896 $ 171,360 $ 401,710 $ 311,205 $ 161,608 $ 424 $ 1,317,060 Nine Months Ended September 30, 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 418 (90) 64 (278) 1,292 191 3 1,600 Charge-offs — — — — (561) — — (561) Recoveries — — — — 56 189 — 245 Net (charge-off) recoveries — — — — (505) 189 — (316) Balance, September 30, 2019 $ 2,139 $ 332 $ 798 $ 2,408 $ 4,473 $ 2,187 $ 3 $ 12,340
Financing Receivable Credit Quality Indicators	The following tables present loans held for investment, net of discounts by loan class and risk category, excluding PCI loans, as of September 30, 2020 and December 31, 2019: September 30, 2020 Pass Special Substandard (1) Total (dollars in thousands) Construction and land development $ 215,109 $ — $ — $ 215,109 Real estate: Residential 29,808 — 259 30,067 Commercial real estate - owner occupied 158,072 — 1,436 159,508 Commercial real estate - non-owner occupied 521,212 — 6,989 528,201 Commercial and industrial 359,800 — 1,093 360,893 SBA loans 593,776 — 8,211 601,987 Consumer 8 — — 8 $ 1,877,785 $ — $ 17,988 $ 1,895,773 (1) At September 30, 2020, substandard loans included $13.0 million of impaired loans. There were no loans classified as special mention, doubtful or loss at September 30, 2020. December 31, 2019 Pass Special 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. There were no loans classified as special mention, doubtful or loss at December 31, 2019.
Past Due Financing Receivables	The following tables present past due and nonaccrual loans, net of discounts by loan class, excluding PCI loans, at September 30, 2020 and December 31, 2019: September 30, 2020 Still Accruing 30-59 Days 60-89 Days 90 Days or more Nonaccrual (dollars in thousands) Construction and land development $ — $ — $ — $ — Real estate: Residential — — — 259 Commercial real estate - owner occupied — — — 1,312 Commercial real estate - non-owner occupied — — — 6,286 Commercial and industrial 3 — — 183 SBA loans 1,117 113 — 4,951 Consumer — — — — Total $ 1,120 $ 113 $ — $ 12,991 December 31, 2019 Still Accruing 30-59 Days 60-89 Days 90 Days or more Nonaccrual (dollars in thousands) Construction and land development $ — $ — $ — $ — 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
Impaired Financing Receivables	The following tables present impaired loans, excluding PCI loans, by loan class at September 30, 2020 and December 31, 2019: September 30, 2020 Impaired Loans Unpaid Recorded Without With Related (dollars in thousands) Real estate: Residential $ 259 $ 259 $ 259 $ — $ — Commercial real estate - owner occupied 1,363 1,312 1,312 — — Commercial real estate - non-owner occupied 6,329 6,286 5,004 1,282 165 Commercial and industrial 183 183 183 — — SBA loans 5,598 5,271 3,718 1,553 377 Total $ 13,732 $ 13,311 $ 10,476 $ 2,835 $ 542 (1) Includes TDRs on accrual of $320 thousand. December 31, 2019 Impaired Loans Unpaid Recorded Without With Related (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) Includes TDRs on accrual of $321 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 periods indicated: Three Months Ended September 30, 2020 June 30, 2020 September 30, 2019 Average Interest Average Interest Average Interest (dollars in thousands) Real estate: Residential $ 263 $ — $ 133 $ 3 $ — $ — Commercial real estate - owner occupied 1,413 — 1,550 — — — Commercial real estate - non-owner occupied 3,813 — 1,361 — — — Commercial and industrial 184 — 185 — 732 — SBA loans 5,350 6 6,074 6 4,179 54 Total $ 11,023 $ 6 $ 9,303 $ 9 $ 4,911 $ 54 Nine Months Ended September 30, 2020 2019 Average Interest Average Interest (dollars in thousands) Real estate: Residential $ 131 $ 3 $ — $ — Commercial real estate - owner occupied 1,855 — — — Commercial real estate - non-owner occupied 3,018 — — — Commercial and industrial 188 — 304 — SBA loans 6,030 19 2,563 71 Total $ 11,222 $ 22 $ 2,867 $ 71

Transfers and Servicing of Fi_2

Transfers and Servicing of Financial Assets (Tables)	9 Months Ended
	Sep. 30, 2020
Transfers and Servicing [Abstract]
Servicing Asset at Amortized Cost	The SBA servicing asset activity is summarized for the periods indicated: Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 (dollars in thousands) Balance, beginning of period $ 2,516 $ 3,482 $ 3,202 $ 3,186 Additions 111 170 179 883 Amortization (259) (282) (1,013) (699) Balance, end of period $ 2,368 $ 3,370 $ 2,368 $ 3,370
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 September 30, 2020 given hypothetical shifts in prepayments speeds and yield assumptions: Change in Assumption Change in Estimated Fair Value (dollars in thousands) Prepayment speeds +10% $ (198) Prepayment speeds +20% (373) Discount rate +1% (81) Discount rate +2% (158)

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of changes in CDI	Three Months Ended Nine Months Ended September 30, September 30, 2020 September 30, 2019 2020 2019 (dollars in thousands) Core deposit intangible: Gross balance, beginning of period $ 6,908 $ 6,908 $ 6,908 $ 6,908 Additions — — — — Gross balance, end of period $ 6,908 $ 6,908 $ 6,908 $ 6,908 Accumulated amortization: Balance, beginning of period (1,566) (725) (1,180) (332) Amortization (193) (197) (579) (590) Balance, end of period $ (1,759) $ (922) $ (1,759) $ (922) Net core deposit intangible, end of period $ 5,149 $ 5,986 $ 5,149 $ 5,986
Schedule of estimated amortization expense for CDI	The following table shows the estimated amortization expense for CDI during the next five fiscal years: Year Ending December 31, (dollars in thousands) Remainder of 2020 $ 193 2021 753 2022 732 2023 707 2024 678 Thereafter 2,086 $ 5,149

BORROWING ARRANGEMENTS - (Table

BORROWING ARRANGEMENTS - (Tables)	9 Months Ended
	Sep. 30, 2020
Debt Disclosure [Abstract]
Federal Home Loan Bank, Advances	The following table shows the interest rates and maturity dates of FHLB advances at periods indicated: September 30, 2020 December 31, 2019 Balance Rate Maturity Date Balance Rate Maturity Date Advances: (dollars in thousands) Recovery advance $ 5,000 — % 11/19/2020 $ — — % — Recovery advance 5,000 — % 5/19/2021 — — % — Term and fixed-rate advance 30,000 0.22 % 11/27/2020 60,000 1.72 % 3/20/2020 Term and fixed-rate advance 50,000 0.19 % 2/26/2021 — — % — Term and fixed-rate advance 30,000 0.25 % 5/26/2021 — — % — Term and fixed-rate advance 30,000 1.93 % 6/11/2021 30,000 1.93 % 6/11/2021 $ 150,000 0.54 % $ 90,000 1.79 %

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Outstanding Financial Commitments	As of September 30, 2020 and December 31, 2019, the Company had the following outstanding financial commitments whose contractual amounts represent credit risk: September 30, 2020 December 31, 2019 (dollars in thousands) Commitments to extend credit $ 383,666 $ 376,879 Standby letters of credit 7,210 7,616 Commitments to contribute capital to low income housing projects 2,234 1,738 Commitments to contribute capital to other CRA equity investments 61 236 Total $ 393,171 $ 386,469

Stock-Based Compensation Plans

Stock-Based Compensation Plans (Tables)	9 Months Ended
	Sep. 30, 2020
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 our outstanding stock options during the three and nine months ended September 30, 2020 and 2019 is as follows: Three Months Ended September 30, 2020 2019 Shares Weighted Shares Weighted Outstanding, beginning of period 131,424 $ 10.33 141,089 $ 10.18 Exercised (8,686) 4.86 (2,512) 11.60 Granted — — — — Forfeited (3,576) 18.04 — — Outstanding, end of period 119,162 $ 10.50 138,577 $ 10.16 Options exercisable 114,162 $ 10.33 138,577 $ 10.16 Nine Months Ended September 30, 2020 2019 Shares Weighted Weighted Average Remaining Contractual Life (Years) Aggregate Intrinsic Value Shares Weighted Weighted Average Remaining Contractual Life (Years) Aggregate Intrinsic Value (dollars in thousands, except share and per share data) Outstanding, beginning of period 137,531 $ 10.20 383,212 $ 10.44 Exercised (17,648) 7.22 (244,249) 10.60 Granted 5,000 14.42 — — Forfeited (5,721) 16.67 (386) 12.94 Outstanding, end of period 119,162 $ 10.50 3.5 years $ 359 138,577 $ 10.16 4.2 years $ 1,547 Options exercisable 114,162 $ 10.33 3.3 years $ 359 138,577 $ 10.16 4.2 years $ 1,547
Nonvested Restricted Stock Shares Activity	A summary of activity for outstanding restricted shares for the three and nine months ended September 30, 2020 and 2019 is as follows: Three Months Ended September 30, 2020 2019 Shares Weighted Average Shares Weighted Average Nonvested, beginning of period 128,661 $ 21.79 128,053 $ 22.91 Granted 100 16.27 972 22.56 Vested (1,146) 25.24 (4,537) 26.41 Forfeited (240) 23.36 (843) 21.43 Nonvested, end of period 127,375 $ 21.75 123,645 $ 22.79 Nine Months Ended September 30, 2020 2019 Shares Weighted Average Shares Weighted Average Nonvested, beginning of period 113,635 $ 22.50 84,120 $ 23.90 Granted 102,367 21.62 111,205 22.19 Vested (85,071) 22.37 (64,012) 23.32 Forfeited (3,556) 27.09 (7,668) 21.83 Nonvested, end of period 127,375 $ 21.75 123,645 $ 22.79

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2020
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: Three Months Ended Nine Months Ended September 30, September 30, 2020 June 30, September 30, 2019 2020 2019 Numerator for basic earnings per share: (dollars in thousands, except share and per share data) Net income $ 7,881 $ 5,730 $ 8,071 $ 18,157 $ 21,890 Less: dividends and net income allocated to participating securities (86) (60) (86) (182) (222) Net income available to common shareholders $ 7,795 $ 5,670 $ 7,985 $ 17,975 $ 21,668 Denominator for basic earnings per share: Basic weighted average common shares outstanding during the period 11,573,138 11,564,965 11,584,955 11,565,398 11,605,687 Denominator for diluted earnings per share: Basic weighted average common shares outstanding during the period 11,573,138 11,564,965 11,584,955 11,565,398 11,605,687 Net effect of dilutive stock options 39,132 41,315 74,191 51,441 108,333 Diluted weighted average common shares 11,612,270 11,606,280 11,659,146 11,616,839 11,714,020 Net income per common share: Basic $ 0.67 $ 0.49 $ 0.69 $ 1.55 $ 1.87 Diluted $ 0.67 $ 0.49 $ 0.68 $ 1.55 $ 1.85

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2020
Fair Value Disclosures [Abstract]
Schedule of Fair Value by Balance Sheet Grouping	The following table provides the fair value hierarchy level and estimated fair value of significant financial instruments at September 30, 2020 and December 31, 2019: September 30, 2020 December 31, 2019 Fair Value Carrying Fair Carrying Fair Financial Assets: (dollars in thousands) Cash and cash equivalents Level 1 $ 181,536 $ 181,536 $ 161,801 $ 161,801 Securities available-for-sale Level 2 37,999 37,999 26,653 26,653 Securities held-to-maturity Level 2 1,680 1,801 5,056 5,077 Equity securities Level 1 2,792 2,792 2,694 2,694 Loans held for sale Level 2 36,474 39,271 7,659 8,420 Loan held for investment, net Level 3 1,866,196 1,906,039 1,361,153 1,393,282 Restricted stock investments, at cost Level 2 12,999 12,999 12,986 12,986 Servicing asset Level 3 2,368 3,063 3,202 3,246 Accrued interest receivable Level 2 11,500 11,500 5,451 5,451 Financial Liabilities: Deposits Level 2 $ 1,559,912 $ 1,561,061 $ 1,313,693 $ 1,316,287 Borrowings Level 2 150,000 150,336 90,000 91,029 PPP Liquidity Facility Level 2 253,140 253,245 — — Senior secured notes Level 2 4,400 4,400 9,600 9,600 Accrued interest payable Level 2 418 418 203 203
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 September 30, 2020 and December 31, 2019: Recurring Fair Value Measurements Level 1 Level 2 Level 3 Total September 30, 2020: (dollars in thousands) Securities available-for-sale: U.S. Government and agency securities $ — $ 2,706 $ — $ 2,706 Mortgage-backed securities — 6,157 — 6,157 Collateralized mortgage obligations — 20,908 — 20,908 SBA Pools — 8,228 — 8,228 Securities available-for-sale $ — $ 37,999 $ — $ 37,999 Equity securities: Mutual fund investment $ 2,792 $ — $ — $ 2,792 December 31, 2019: 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
Fair Value Measurements, Nonrecurring	The following table provides the hierarchy and fair value for each major category of assets and liabilities measured at fair value on a nonrecurring basis at September 30, 2020 and December 31, 2019: Nonrecurring Fair Value Measurements Level 1 Level 2 Level 3 Total September 30, 2020: (dollars in thousands) Impaired loans $ — $ — $ 2,293 $ 2,293 December 31, 2019: Impaired loans $ — $ — $ 3,558 $ 3,558

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Sep. 30, 2020
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following is a summary of our noninterest income in-scope and not in-scope of Topic 606: Three Months Ended Nine Months Ended September 30, September 30, 2020 September 30, 2019 2020 2019 (dollars in thousands) Noninterest income, in-scope: Service charges and fees on deposit accounts $ 495 $ 475 $ 1,497 $ 1,579 Other income 45 46 268 133 Total noninterest income, in-scope 540 521 1,765 1,712 Noninterest income, not in-scope: Gain on sale of loans 990 528 1,367 2,727 Net servicing fees 228 242 443 763 Other income 185 382 838 915 Total noninterest income, not in-scope 1,403 1,152 2,648 4,405 Total noninterest income $ 1,943 $ 1,673 $ 4,413 $ 6,117

Basis of Presentation and Sum_3

Basis of Presentation and Summary of Significant Accounting Policies (Details)	9 Months Ended
	Sep. 30, 2020lending_officebranch
Accounting Policies [Abstract]
Number of full-service branches | branch	9
Number of lending offices | lending_office	2

Investment Securities - Carryin

Investment Securities - Carrying Amount of Held-to-Maturity and Available-for-Sale Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Securities available-for-sale:
Amortized Cost	$ 37,084	$ 26,661
Gross Unrealized Gains	971	130
Gross Unrealized Losses	(56)	(138)
Securities available-for-sale	37,999	26,653
Securities held-to-maturity:
Amortized Cost	1,680	5,056
Gross Unrealized Gains	121	36
Gross Unrealized Losses	0	(15)
Securities held-to-maturity	1,801	5,077
U.S. Government and agency securities
Securities available-for-sale:
Amortized Cost	2,679
Gross Unrealized Gains	27
Gross Unrealized Losses	0
Securities available-for-sale	2,706
Securities held-to-maturity:
Amortized Cost		3,342
Gross Unrealized Gains		9
Gross Unrealized Losses		0
Securities held-to-maturity		3,351
Mortgage-backed securities
Securities available-for-sale:
Amortized Cost	6,040	7,480
Gross Unrealized Gains	117	20
Gross Unrealized Losses	0	(69)
Securities available-for-sale	6,157	7,431
Securities held-to-maturity:
Amortized Cost	1,680	1,714
Gross Unrealized Gains	121	27
Gross Unrealized Losses	0	(15)
Securities held-to-maturity	1,801	1,726
Collateralized mortgage obligations
Securities available-for-sale:
Amortized Cost	20,611	10,571
Gross Unrealized Gains	353	52
Gross Unrealized Losses	(56)	(25)
Securities available-for-sale	20,908	10,598
SBA Pools
Securities available-for-sale:
Amortized Cost	7,754	8,610
Gross Unrealized Gains	474	58
Gross Unrealized Losses	0	(44)
Securities available-for-sale	$ 8,228	$ 8,624

Investment Securities - Investm

Investment Securities - Investments by Maturity Dates (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
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	1,680
Amortized Cost	1,680	$ 5,056
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	1,801
Securities held-to-maturity	1,801	5,077
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	37,084
Amortized Cost	37,084	26,661
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	37,999
Securities available-for-sale	$ 37,999	$ 26,653

Investment Securities - Narrati

Investment Securities - Narrative (Details)	3 Months Ended			9 Months Ended
	Sep. 30, 2020USD ($)security	Jun. 30, 2020USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2020USD ($)securitypartnership	Sep. 30, 2019USD ($)	Dec. 31, 2019USD ($)
Concentration Risk [Line Items]
Sale of available-for-sale investment securities					$ 0
Purchase of securities available-for-sale	$ 5,000,000			$ 17,993,000	0
Proceeds from maturities and paydown of securities available-for-sale	295,000			7,398,000	3,132,000
Proceeds from maturities and paydown of securities held-to-maturity				3,379,000	244,000
Held-to-maturity securities, pledged to Federal Reserve Bank	$ 1,700,000			$ 1,700,000
Securities in unrealized loss position | security	2			2
Unrealized loss	$ (56,000)			$ (56,000)		$ (138,000)
Equity securities, at fair value	2,792,000			2,792,000		2,694,000
Gain (loss) recognized related to changes in fair value				48,000	88,000
Investment in restricted common stock, at cost	6,100,000			6,100,000		6,100,000
Payments to acquire FHLB stock				0	0
Federal Reserve Bank stock	6,900,000			6,900,000		6,900,000
Payments to acquire Federal Reserve Bank stock	0		$ 43,000	$ 13,000	117,000
Number of affordable housing project partnerships | partnership				2
Investment tax credit	(22,000)			$ (65,000)
Amortization method qualified affordable housing project investments, amortization	21,000			54,000
Amortization method qualified affordable housing project investments	687,000			687,000		236,000
Contributed capital	153,000		204,000	504,000	204,000
Affordable housing project investment, write-down, amount				0
Clearinghouse Community Development Financial Institution
Concentration Risk [Line Items]
Equity securities without readily determinable fair value, amount	500,000			500,000		500,000
Equity securities without readily determinable fair value, impairment loss, annual amount				0
Mutual Funds
Concentration Risk [Line Items]
Equity securities, at fair value	2,800,000			2,800,000		2,700,000
Gain (loss) recognized related to changes in fair value	(6,000)	$ 12,000	15,000	48,000	88,000
Other Bank Stock
Concentration Risk [Line Items]
Gain (loss) recognized related to changes in fair value	0		$ 0	0	$ 0
Equity securities, restricted	$ 1,000,000			1,000,000		$ 1,000,000
U.S. Government and agency securities
Concentration Risk [Line Items]
Proceeds from maturities and paydown of securities available-for-sale				295,000
Proceeds from maturities and paydown of securities held-to-maturity				$ 3,400,000
Minimum
Concentration Risk [Line Items]
FHLB required stock ownership percentage of membership asset value	1.00%			1.00%
FHLB required stock ownership percentage of outstanding advances	2.70%			2.70%

Investment Securities - Unreali

Investment Securities - Unrealized Loss Position of AFS and HTM Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Unrealized Losses
Less Than Twelve Months	$ (56)	$ (46)
Over Twelve Months	0	(92)
Total	(56)	(138)
Fair Value
Less Than Twelve Months	4,042	4,385
Over Twelve Months	0	7,559
Total	4,042	11,944
Unrealized Losses
Less Than Twelve Months	0	0
Over Twelve Months	0	(15)
Total	0	(15)
Fair Value
Less Than Twelve Months	0	0
Over Twelve Months	0	790
Total	0	790
Collateralized mortgage obligations
Unrealized Losses
Less Than Twelve Months	(56)	(2)
Over Twelve Months	0	(23)
Total	(56)	(25)
Fair Value
Less Than Twelve Months	4,042	1,342
Over Twelve Months	0	1,288
Total	4,042	2,630
Mortgage-backed securities
Unrealized Losses
Less Than Twelve Months		0
Over Twelve Months		(69)
Total		(69)
Fair Value
Less Than Twelve Months		0
Over Twelve Months		6,271
Total		6,271
Unrealized Losses
Less Than Twelve Months	0	0
Over Twelve Months	0	(15)
Total	0	(15)
Fair Value
Less Than Twelve Months	0	0
Over Twelve Months	0	790
Total	$ 0	790
SBA Pools
Unrealized Losses
Less Than Twelve Months		(44)
Over Twelve Months		0
Total		(44)
Fair Value
Less Than Twelve Months		3,043
Over Twelve Months		0
Total		$ 3,043

Loans - Narrative (Details)

Loans - Narrative (Details) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2020USD ($)loan	Jun. 30, 2020USD ($)loan	Sep. 30, 2019USD ($)loan	Sep. 30, 2020USD ($)loan	Sep. 30, 2019USD ($)loan	Dec. 31, 2019USD ($)
Financing Receivable, Modifications [Line Items]
Unearned fees	$ 11,635			$ 11,635		$ 1,057
Loans held for investment	1,884,930			1,884,930		1,374,675
Loans pledged as collateral for FHLB	1,700			1,700
Recorded investment in loans identified as troubled debt restructuring	$ 13,311			$ 13,311		11,586
Number of loans modified as troubled debt restructuring, subsequent default | loan	1	1	1	1	1
Loans modified as troubled debt restructuring, subsequent default	$ 81	$ 85	$ 92	$ 81	$ 92
Loans, net	1,866,196			1,866,196		1,361,153
Loans held for sale	39,300			39,300		8,400
Nonacrrual loan balance	12,991			12,991		11,265
Loans held for sale, at lower of cost or fair value	36,474			36,474		7,659
Main Street Loans
Financing Receivable, Modifications [Line Items]
Principal amount of Main Street loans	69,800			69,800
Proceeds from sale of participation interest	66,300
Gain (loss) on sale of participation interest	486
SBA Loans
Financing Receivable, Modifications [Line Items]
Recorded investment in loans identified as troubled debt restructuring	5,271			5,271		6,940
Nonacrrual loan balance	4,951			4,951		6,619
Federal Home Loan Bank Advances
Financing Receivable, Modifications [Line Items]
Loans pledged as collateral for FHLB	1,640,000			1,640,000
Loans pledged as collateral with the FHLB	$ 860,300			$ 860,300
CARES Act Loan Modification | Payment Deferral
Financing Receivable, Modifications [Line Items]
Number of loans granted payment deferral | loan				12
Percent of loans that were granted a deferral that have resumed making regular payments or have been paid off	97.00%			97.00%
Loans, net	$ 37,000	$ 626,000		$ 37,000
Number of past due loans | loan	1			1
Past due loan balance	$ 113			$ 113
Number of nonaccrual loans | loan	2			2
Nonacrrual loan balance	$ 5,000			$ 5,000
Number of troubled debt restructurings | loan	0			0
CARES Act Loan Modification | Paid by the SBA
Financing Receivable, Modifications [Line Items]
Loans, net	$ 73,000			$ 73,000
Number of deferred payment loans | loan	193			193
Restructured Loans
Financing Receivable, Modifications [Line Items]
Recorded investment in loans identified as troubled debt restructuring	$ 464			$ 464		$ 479
Paycheck Protection Program Loans | SBA Loans
Financing Receivable, Modifications [Line Items]
Unearned fees	9,900			9,900
Paycheck Protection Program Loans | Paycheck Protection Program, CARES Act | SBA Loans
Financing Receivable, Modifications [Line Items]
Loans held for investment	390,200			390,200
Federal Reserve Bank
Financing Receivable, Modifications [Line Items]
Loans pledged as collateral with the FHLB	203,100			203,100
Line of Credit | PPPLF
Financing Receivable, Modifications [Line Items]
Long-term line of credit	$ 253,100			$ 253,100
Fixed interest rate	0.35%			0.35%

Loans - Composition of Loan Por

Loans - Composition of Loan Portfolio (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	$ 1,896,565	$ 1,844,837		$ 1,375,732	$ 1,317,060
Net deferred origination fees	(11,635)			(1,057)
Loans held for investment	1,884,930			1,374,675
Allowance for loan losses	(18,734)	(17,822)	$ (16,218)	(13,522)	(12,340)	$ (12,053)	$ (11,056)
Loans held for investment, net	1,866,196			1,361,153
Gross loans of acquiree	1,904,019			1,385,142
Payment Deferral | CARES Act Loan Modification
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, net	37,000	626,000
PCI Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	792	1,011			1,180
Loans held for investment, net	792			1,100
Construction and Land Development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	215,109	218,226		249,504	221,857
Allowance for loan losses	(2,370)	(2,470)	(2,498)	(2,350)	(2,139)	(1,892)	(1,721)
Construction and Land Development | PCI Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	0	0			0
Real Estate | Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	30,067	39,145		43,736	48,896
Allowance for loan losses	(275)	(361)	(333)	(292)	(332)	(379)	(422)
Real Estate | Residential | PCI Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	0	0			0
Real Estate | Commercial real estate - owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	159,603	162,508		171,595	171,360
Allowance for loan losses	(1,280)	(1,365)	(844)	(918)	(798)	(905)	(734)
Real Estate | Commercial real estate - owner occupied | PCI Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	95	103			110
Real Estate | Commercial real estate - non-owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	528,201	502,693		423,823	401,710
Allowance for loan losses	(5,580)	(5,347)	(4,131)	(3,074)	(2,408)	(2,587)	(2,686)
Real Estate | Commercial real estate - non-owner occupied | PCI Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	0	0			0
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	361,170	335,411		309,011	311,205
Allowance for loan losses	(6,264)	(5,607)	(5,455)	(4,145)	(4,473)	(4,502)	(3,686)
Commercial and Industrial | PCI Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	277	475			506
SBA Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	602,407	586,820		177,633	161,608
Allowance for loan losses	(2,965)	(2,672)	(2,954)	(2,741)	(2,187)	(1,788)	(1,807)
SBA Loans | PCI Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	420	433			564
SBA Loans | Paycheck Protection Program Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Net deferred origination fees	(9,900)
SBA Loans | Paycheck Protection Program Loans | Paycheck Protection Program, CARES Act
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	400,100
Loans held for investment	390,200
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	8	34		430	424
Allowance for loan losses	0	0	$ (3)	$ (2)	(3)	$ 0	$ 0
Consumer | PCI Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	$ 0	$ 0			$ 0

Loans - Loans Held for Investme

Loans - Loans Held for Investment (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	$ 1,904,019	$ 1,385,142
Unamortized net discounts	(7,454)	(9,410)
Net unamortized deferred origination fees	(11,635)	(1,057)
Loans held for investment	1,884,930	1,374,675
SBA Loans | Paycheck Protection Program Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Net unamortized deferred origination fees	(9,900)
Paycheck Protection Program, CARES Act | SBA Loans | Paycheck Protection Program Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	390,200
Pacific Commerce Bancorp
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unamortized net discounts	$ (4,300)	$ (6,000)
Net discount on acquired loans, weighted average life	4 years 1 month 6 days

Loans - Allowance for Loan Loss

Loans - Allowance for Loan Losses (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of period	$ 17,822	$ 16,218	$ 12,053	$ 13,522	$ 11,056
Provision for loan losses	1,000	2,100	700	5,800	1,600
Charge-offs	(194)	(550)	(437)	(772)	(561)
Recoveries	106	54	24	184	245
Net charge-offs	(88)	(496)	(413)	(588)	(316)
Balance, end of period	$ 18,734	$ 17,822	$ 12,340	$ 18,734	$ 12,340

Loans - Allowance for Loan Lo_2

Loans - Allowance for Loan Losses by Portfolio Segment (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Jun. 30, 2020	Dec. 31, 2019	Sep. 30, 2019
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of period	$ 17,822	$ 16,218	$ 12,053	$ 13,522	$ 11,056
Provision for (reversal of) loan losses	1,000	2,100	700	5,800	1,600
Charge-offs	(194)	(550)	(437)	(772)	(561)
Recoveries	106	54	24	184	245
Net charge-offs	(88)	(496)	(413)	(588)	(316)
Balance, end of period	18,734	17,822	12,340	18,734	12,340
Reserves:
Specific						$ 542	$ 536		$ 624
General						18,192	17,286		11,716
Total loan reserve	17,822	17,822	12,053	18,734	11,056	18,734	17,822	$ 13,522	12,340
Loans evaluated for impairment:
Individually						13,311	8,467		7,732
Collectively						1,882,462	1,835,359		1,308,148
Total loans evaluated for impairment						1,896,565	1,844,837	1,375,732	1,317,060
PCI Loans
Loans evaluated for impairment:
Total loans evaluated for impairment						792	1,011		1,180
Construction and Land Development
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of period	2,470	2,498	1,892	2,350	1,721
Provision for (reversal of) loan losses	(100)	(28)	247	20	418
Charge-offs	0	0	0	0	0
Recoveries	0	0	0	0	0
Net charge-offs	0	0	0	0	0
Balance, end of period	2,370	2,470	2,139	2,370	2,139
Reserves:
Specific						0	0		0
General						2,370	2,470		2,139
Total loan reserve	2,470	2,470	2,139	2,370	1,721	2,370	2,470	2,350	2,139
Loans evaluated for impairment:
Individually						0	0		0
Collectively						215,109	218,226		221,857
Total loans evaluated for impairment						215,109	218,226	249,504	221,857
Construction and Land Development | PCI Loans
Loans evaluated for impairment:
Total loans evaluated for impairment						0	0		0
Commercial and Industrial
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of period	5,607	5,455	4,502	4,145	3,686
Provision for (reversal of) loan losses	745	223	384	2,273	1,292
Charge-offs	(194)	(125)	(437)	(326)	(561)
Recoveries	106	54	24	172	56
Net charge-offs	(88)	(71)	(413)	(154)	(505)
Balance, end of period	6,264	5,607	4,473	6,264	4,473
Reserves:
Specific						0	0		0
General						6,264	5,607		4,473
Total loan reserve	5,607	5,607	4,473	4,145	4,473	6,264	5,607	4,145	4,473
Loans evaluated for impairment:
Individually						183	185		730
Collectively						360,710	334,751		309,969
Total loans evaluated for impairment						361,170	335,411	309,011	311,205
Commercial and Industrial | PCI Loans
Loans evaluated for impairment:
Total loans evaluated for impairment						277	475		506
SBA Loans
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of period	2,672	2,954	1,788	2,741	1,807
Provision for (reversal of) loan losses	293	143	399	658	191
Charge-offs	0	(425)	0	(446)	0
Recoveries	0	0	0	12	189
Net charge-offs	0	(425)	0	(434)	189
Balance, end of period	2,965	2,672	2,187	2,965	2,187
Reserves:
Specific						377	348		624
General						2,588	2,324		1,563
Total loan reserve	2,965	2,954	2,187	2,965	2,187	2,965	2,672	2,741	2,187
Loans evaluated for impairment:
Individually						5,271	5,428		7,002
Collectively						596,716	580,959		154,042
Total loans evaluated for impairment						602,407	586,820	177,633	161,608
SBA Loans | PCI Loans
Loans evaluated for impairment:
Total loans evaluated for impairment						420	433		564
Consumer
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of period	0	3	0	2	0
Provision for (reversal of) loan losses	0	(3)	3	(2)	3
Charge-offs	0	0	0	0	0
Recoveries	0	0	0	0	0
Net charge-offs	0	0	0	0	0
Balance, end of period	0	0	3	0	3
Reserves:
Specific						0	0		0
General						0	0		3
Total loan reserve	0	3	3	2	3	0	0	2	3
Loans evaluated for impairment:
Individually						0	0		0
Collectively						8	34		424
Total loans evaluated for impairment						8	34	430	424
Consumer | PCI Loans
Loans evaluated for impairment:
Total loans evaluated for impairment						0	0		0
Residential | Real Estate
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of period	361	333	379	292	422
Provision for (reversal of) loan losses	(86)	28	(47)	(17)	(90)
Charge-offs	0	0	0	0	0
Recoveries	0	0	0	0	0
Net charge-offs	0	0	0	0	0
Balance, end of period	275	361	332	275	332
Reserves:
Specific						0	0		0
General						275	361		332
Total loan reserve	361	361	332	292	332	275	361	292	332
Loans evaluated for impairment:
Individually						259	0		0
Collectively						29,808	39,145		48,896
Total loans evaluated for impairment						30,067	39,145	43,736	48,896
Residential | Real Estate | PCI Loans
Loans evaluated for impairment:
Total loans evaluated for impairment						0	0		0
Commercial real estate - owner occupied | Real Estate
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of period	1,365	844	905	918	734
Provision for (reversal of) loan losses	(85)	521	(107)	362	64
Charge-offs	0	0	0	0	0
Recoveries	0	0	0	0	0
Net charge-offs	0	0	0	0	0
Balance, end of period	1,280	1,365	798	1,280	798
Reserves:
Specific						0	0		0
General						1,280	1,365		798
Total loan reserve	1,365	1,365	798	918	798	1,280	1,365	918	798
Loans evaluated for impairment:
Individually						1,312	1,515		0
Collectively						158,196	160,890		171,250
Total loans evaluated for impairment						159,603	162,508	171,595	171,360
Commercial real estate - owner occupied | Real Estate | PCI Loans
Loans evaluated for impairment:
Total loans evaluated for impairment						95	103		110
Commercial real estate - non-owner occupied | Real Estate
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of period	5,347	4,131	2,587	3,074	2,686
Provision for (reversal of) loan losses	233	1,216	(179)	2,506	(278)
Charge-offs	0	0	0	0	0
Recoveries	0	0	0	0	0
Net charge-offs	0	0	0	0	0
Balance, end of period	5,580	5,347	2,408	5,580	2,408
Reserves:
Specific						165	188		0
General						5,415	5,159		2,408
Total loan reserve	$ 5,347	$ 5,347	$ 2,408	$ 3,074	$ 2,408	5,580	5,347	3,074	2,408
Loans evaluated for impairment:
Individually						6,286	1,339		0
Collectively						521,915	501,354		401,710
Total loans evaluated for impairment						528,201	502,693	$ 423,823	401,710
Commercial real estate - non-owner occupied | Real Estate | PCI Loans
Loans evaluated for impairment:
Total loans evaluated for impairment						$ 0	$ 0		$ 0

Loans - Risk Category of Loans

Loans - Risk Category of Loans by Class (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	$ 1,895,773	$ 1,374,608
Pass
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	1,877,785	1,350,002
Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	0	0
Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	17,988	24,606
Impaired
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	13,000	11,300
Construction and Land Development
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	215,109	249,504
Construction and Land Development | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	215,109	249,504
Construction and Land Development | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	0	0
Construction and Land Development | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	0	0
Real Estate | Residential
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	30,067	43,736
Real Estate | Residential | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	29,808	43,736
Real Estate | Residential | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	0	0
Real Estate | Residential | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	259	0
Real Estate | Commercial real estate - owner occupied
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	159,508	171,487
Real Estate | Commercial real estate - owner occupied | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	158,072	161,863
Real Estate | Commercial real estate - owner occupied | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	0	0
Real Estate | Commercial real estate - owner occupied | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	1,436	9,624
Real Estate | Commercial real estate - non-owner occupied
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	528,201	423,823
Real Estate | Commercial real estate - non-owner occupied | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	521,212	421,731
Real Estate | Commercial real estate - non-owner occupied | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	0	0
Real Estate | Commercial real estate - non-owner occupied | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	6,989	2,092
Commercial and industrial
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	360,893	308,548
Commercial and industrial | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	359,800	305,918
Commercial and industrial | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	0	0
Commercial and industrial | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	1,093	2,630
SBA Loans
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	601,987	177,080
SBA Loans | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	593,776	166,820
SBA Loans | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	0	0
SBA Loans | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	8,211	10,260
Consumer
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	8	430
Consumer | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	8	430
Consumer | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	0	0
Consumer | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	$ 0	$ 0

Loans - Past Due and Nonaccrual

Loans - Past Due and Nonaccrual Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual	$ 12,991	$ 11,265
30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Still Accruing	1,120	1,475
60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Still Accruing	113	292
90 Days or more Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Still Accruing	0	0
Construction and Land Development
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual	0	0
Construction and Land Development | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Still Accruing	0	0
Construction and Land Development | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Still Accruing	0	0
Construction and Land Development | 90 Days or more Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Still Accruing	0	0
Commercial and Industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual	183	229
Commercial and Industrial | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Still Accruing	3	4
Commercial and Industrial | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Still Accruing	0	2
Commercial and Industrial | 90 Days or more Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Still Accruing	0	0
SBA Loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual	4,951	6,619
SBA Loans | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Still Accruing	1,117	0
SBA Loans | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Still Accruing	113	0
SBA Loans | 90 Days or more Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Still Accruing	0	0
Consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual	0
Consumer | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Still Accruing	0
Consumer | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Still Accruing	0
Consumer | 90 Days or more Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Still Accruing	0
Residential | Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual	259	0
Residential | Real Estate | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Still Accruing	0	1,471
Residential | Real Estate | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Still Accruing	0	290
Residential | Real Estate | 90 Days or more Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Still Accruing	0	0
Commercial real estate - owner occupied | Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual	1,312	3,049
Commercial real estate - owner occupied | Real Estate | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Still Accruing	0	0
Commercial real estate - owner occupied | Real Estate | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Still Accruing	0	0
Commercial real estate - owner occupied | Real Estate | 90 Days or more Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Still Accruing	0	0
Commercial real estate - non-owner occupied | Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual	6,286	1,368
Commercial real estate - non-owner occupied | Real Estate | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Still Accruing	0	0
Commercial real estate - non-owner occupied | Real Estate | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Still Accruing	0	0
Commercial real estate - non-owner occupied | Real Estate | 90 Days or more Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Still Accruing	$ 0	$ 0

Loans - Individually Impaired L

Loans - Individually Impaired Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	$ 13,732	$ 12,116
Recorded investment	13,311	11,586
Impaired loans, without specific reserve	10,476	8,028
Impaired loans, with specific reserve	2,835	3,558
Related Allowance	542	1,154
Real Estate | Commercial real estate - owner occupied
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	1,363	3,132
Recorded investment	1,312	3,049
Impaired loans, without specific reserve	1,312	3,049
Impaired loans, with specific reserve	0	0
Related Allowance	0	0
Real Estate | Commercial real estate - non-owner occupied
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	6,329	1,411
Recorded investment	6,286	1,368
Impaired loans, without specific reserve	5,004	0
Impaired loans, with specific reserve	1,282	1,368
Related Allowance	165	215
Real Estate | Residential
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	259
Recorded investment	259
Impaired loans, without specific reserve	259
Impaired loans, with specific reserve	0
Related Allowance	0
Commercial and Industrial
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	183	229
Recorded investment	183	229
Impaired loans, without specific reserve	183	229
Impaired loans, with specific reserve	0	0
Related Allowance	0	0
SBA Loans
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	5,598	7,344
Recorded investment	5,271	6,940
Impaired loans, without specific reserve	3,718	4,750
Impaired loans, with specific reserve	1,553	2,190
Related Allowance	377	939
TDRs on Accrual
Financing Receivable, Impaired [Line Items]
Recorded investment	$ 320	$ 321

Loans - Average Recorded Invest

Loans - Average Recorded Investment (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	$ 11,023	$ 9,303	$ 4,911	$ 11,222	$ 2,867
Interest Income Recognized	6	9	54	22	71
Real Estate | Residential
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	263	133	0	131	0
Interest Income Recognized	0	3	0	3	0
Real Estate | Commercial real estate - owner occupied
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	1,413	1,550	0	1,855	0
Interest Income Recognized	0	0	0	0	0
Real Estate | Commercial real estate - non-owner occupied
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	3,813	1,361	0	3,018	0
Interest Income Recognized	0	0	0	0	0
Commercial and Industrial
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	184	185	732	188	304
Interest Income Recognized	0	0	0	0	0
SBA Loans
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	5,350	6,074	4,179	6,030	2,563
Interest Income Recognized	$ 6	$ 6	$ 54	$ 19	$ 71

OTHER REAL ESTATE OWNED AND O_2

OTHER REAL ESTATE OWNED AND OTHER FORECLOSED ASSETS - Narrative (Details) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2020USD ($)	Sep. 30, 2020USD ($)
Repossessed Assets [Abstract]
Foreclosed assets, net	$ 0	$ 0
Gain on sale of foreclosed asset	2
Valuation adjustments	$ 2	$ 155

Transfers and Servicing of Fi_3

Transfers and Servicing of Financial Assets - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Contractually Specified Servicing Fees, Late Fees, and Ancillary Fees Earned in Exchange for Servicing Financial Assets [Line Items]
Loans serviced for others	$ 327,400			$ 327,400		$ 278,600
Servicing asset	2,368			2,368		3,202
Loans serviced for others with no related servicing assets	130,800			130,800		63,800
Net servicing fees (expense)	228	$ (9)	$ 242	443	$ 763
SBA Loans
Contractually Specified Servicing Fees, Late Fees, and Ancillary Fees Earned in Exchange for Servicing Financial Assets [Line Items]
Loans serviced for others	196,600			196,600		214,800
Servicing asset at fair value	3,100			$ 3,100		$ 3,200
Prepayment speeds				21.50%
SBA loans sold	6,200		9,700	$ 9,600	44,700
Total gain on sale of SBA loans	504		528	881	2,700
Net servicing fees (expense)	228		242	443	763
Contractually specified servicing fees	$ 487		$ 524	1,500	$ 1,500
Main Street Loans
Contractually Specified Servicing Fees, Late Fees, and Ancillary Fees Earned in Exchange for Servicing Financial Assets [Line Items]
Servicing fees, percentage	0.25%
Principal amount of Main Street loans	$ 69,800			$ 69,800
Proceeds from sale of participation interest	66,300
Gain (loss) on sale of participation interest	$ 486
Minimum
Contractually Specified Servicing Fees, Late Fees, and Ancillary Fees Earned in Exchange for Servicing Financial Assets [Line Items]
Servicing fees, percentage				0.25%
Discount rate				1.00%
Prepayment speeds				10.00%
Minimum | SBA Loans
Contractually Specified Servicing Fees, Late Fees, and Ancillary Fees Earned in Exchange for Servicing Financial Assets [Line Items]
Discount rate				0.70%
Maximum
Contractually Specified Servicing Fees, Late Fees, and Ancillary Fees Earned in Exchange for Servicing Financial Assets [Line Items]
Servicing fees, percentage				1.00%
Discount rate				2.00%
Prepayment speeds				20.00%
Maximum | SBA Loans
Contractually Specified Servicing Fees, Late Fees, and Ancillary Fees Earned in Exchange for Servicing Financial Assets [Line Items]
Discount rate				49.40%

Transfers and Servicing of Fi_4

Transfers and Servicing of Financial Assets - SBA Servicing Assets (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance, beginning of period	$ 2,516	$ 3,482	$ 3,202	$ 3,186
Additions	111	170	179	883
Amortization	(259)	(282)	(1,013)	(699)
Balance, end of period	$ 2,368	$ 3,370	$ 2,368	$ 3,370

Transfers and Servicing of Fi_5

Transfers and Servicing of Financial Assets - Prepayment Speeds and Assumptions (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2020USD ($)
Change in Estimated Fair Value
Prepayment speeds	$ (198)
Prepayment speeds	(373)
Discount rate	(81)
Discount rate	$ (158)
Minimum
Change in Assumption
Prepayment speeds	10.00%
Discount rate	1.00%
Maximum
Change in Assumption
Prepayment speeds	20.00%
Discount rate	2.00%

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Narrative (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019	Jul. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Goodwill recognized	$ 73,425	$ 73,425
Pacific Commerce Bancorp
Finite-Lived Intangible Assets [Line Items]
Goodwill recognized			$ 73,400
Pacific Commerce Bancorp | Core Deposit Intangibles
Finite-Lived Intangible Assets [Line Items]
Core deposit intangible			$ 6,900

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Schedule of Changes in CDI (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Accumulated amortization:
Amortization	$ (193)	$ (193)	$ (197)	$ (579)	$ (590)
Net core deposit intangible, end of period	5,149			5,149		$ 5,728
Core Deposit Intangibles
Core deposit intangible:
Gross balance, beginning of period	6,908		6,908	6,908	6,908
Additions	0		0	0	0
Gross balance, end of period	6,908	6,908	6,908	6,908	6,908
Accumulated amortization:
Balance, beginning of period	(1,566)		(725)	(1,180)	(332)
Amortization	(193)		(197)	(579)	(590)
Balance, end of period	(1,759)	$ (1,566)	(922)	(1,759)	(922)
Net core deposit intangible, end of period	$ 5,149		$ 5,986	$ 5,149	$ 5,986

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Schedule of Estimated Amortization Expense (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019	Sep. 30, 2019
Finite-Lived Intangible Assets [Line Items]
Net core deposit intangible, end of period	$ 5,149	$ 5,728
Core Deposit Intangibles
Finite-Lived Intangible Assets [Line Items]
Remainder of 2020	193
2021	753
2022	732
2023	707
2024	678
Thereafter	2,086
Net core deposit intangible, end of period	$ 5,149		$ 5,986

Deposits (Details)

Deposits (Details) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Banking and Thrift, Other Disclosures [Abstract]
Depositor relationships, percentage of total deposits	27.00%	28.00%
Time deposits, brokered, non-maturity	$ 118.7	$ 48.1
Time deposits, brokered	101.3	50.4
Time deposits, equaling or exceeding FDIC insurance limit	30.6	$ 61.7
State public deposits	$ 46.5

BORROWING ARRANGEMENTS - Narrat

BORROWING ARRANGEMENTS - Narrative (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2020USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2020USD ($)bank	Sep. 30, 2019USD ($)	Dec. 31, 2019USD ($)
Debt Instrument [Line Items]
Loans pledged as collateral for FHLB	$ 1,700,000		$ 1,700,000
Advances from FHLB	150,000,000		150,000,000		$ 90,000,000
Average balance of FHLB borrowings	$ 152,700,000	$ 48,300,000	$ 129,400,000	$ 53,100,000
Average balance of FHLB borrowings, interest rate	0.54%	2.08%	0.80%	2.39%
Federal Home Loan Bank, Recovery Advance Loan | Federal Home Loan Bank of San Francisco
Debt Instrument [Line Items]
Advances from FHLB	$ 10,000,000		$ 10,000,000
FHLB advances, interest rate	0.00%		0.00%
Federal Reserve Bank
Debt Instrument [Line Items]
Loans pledged as collateral with the FHLB	$ 203,100,000		$ 203,100,000
Maximum borrowing capacity	138,200,000		138,200,000
Collateral amount	1,700,000		1,700,000
Overnight borrowings	0		0		0
Line of Credit | PPPLF
Debt Instrument [Line Items]
Average outstanding borrowings	$ 240,600,000		$ 123,100,000
Fixed interest rate	0.35%		0.35%
Long-term line of credit	$ 253,100,000		$ 253,100,000
Unsecured Debt
Debt Instrument [Line Items]
Total borrowing capacity, Federal Home Loan Bank borrowing	125,000,000		125,000,000
Overnight borrowings	0		$ 0		0
Primary correspondent bank | bank			5
Secured Debt
Debt Instrument [Line Items]
Maximum borrowing capacity	25,000,000		$ 25,000,000
Average outstanding borrowings	$ 4,600,000	$ 12,300,000	$ 6,500,000	$ 12,200,000
Weighted average interest rate	3.36%	5.69%	3.87%	5.82%
Senior secured notes	$ 4,400,000		$ 4,400,000		$ 9,600,000
Effective percentage	3.25%		3.25%		5.00%
Federal Home Loan Bank Advances
Debt Instrument [Line Items]
Total borrowing capacity, Federal Home Loan Bank borrowing	$ 407,100,000		$ 407,100,000
Line of credit facility, remaining borrowing capacity	186,100,000		186,100,000
Loans pledged as collateral for FHLB	1,640,000,000		1,640,000,000
Loans pledged as collateral with the FHLB	860,300,000		860,300,000
FHLB secured borrowing capacity, additional amount used	71,000,000		71,000,000
Affiliated Entity | Secured Debt
Debt Instrument [Line Items]
Remaining borrowing capacity	$ 20,600,000		$ 20,600,000

BORROWING ARRANGEMENTS - Federa

BORROWING ARRANGEMENTS - Federal Home Loan (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Short-term Debt [Line Items]
Balance	$ 150,000	$ 90,000
Rate	0.54%	1.79%
Short-Term Recovery Advance Maturing November 2020 | Federal Home Loan Bank of San Francisco
Short-term Debt [Line Items]
Balance	$ 5,000
Rate	0.00%
Short-Term Recovery Advance Maturing May 2020 | Federal Home Loan Bank of San Francisco
Short-term Debt [Line Items]
Balance	$ 5,000
Rate	0.00%
Short-Term Fixed-Rate Advance Maturing November 2020
Short-term Debt [Line Items]
Balance	$ 30,000	$ 60,000
Rate	0.22%	1.72%
Short-Term, Fixed-Rate Advance, Maturing February 2021
Short-term Debt [Line Items]
Balance	$ 50,000
Rate	0.19%
Short-Term Fixed-Rate Advance Maturing May 2021
Short-term Debt [Line Items]
Balance	$ 30,000
Rate	0.25%
Short-Term Advance, Maturing June 2021
Short-term Debt [Line Items]
Balance	$ 30,000	$ 30,000
Rate	1.93%	1.93%

Income Taxes (Details)

Income Taxes (Details) - USD ($)	3 Months Ended			9 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Decrease in deferred tax asset				$ 68,000
Income taxes	$ 3,260,000	$ 2,429,000	$ 3,277,000	$ 7,512,000	$ 9,725,000
Effective income tax rate	29.30%		28.90%	29.30%	30.80%
Unrecognized tax benefits	$ 0			$ 0		$ 113,000
Tax benefits that would favorably impact effective tax rate	0			0		0
Unrecognized tax benefits, interest and penalties accrued	0			0
Unrecognized tax benefits, interest accrued						19,000
Unrecognized tax benefits, penalties accrued	$ 0			$ 0		$ 0

Commitments and Contingencies -

Commitments and Contingencies - Financial Commitments (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial commitments	$ 393,171	$ 386,469
Commitments to extend credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial commitments	383,666	376,879
Standby letters of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial commitments	7,210	7,616
Commitments to contribute capital to low income housing projects
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial commitments	2,234	1,738
Commitments to contribute capital to other CRA equity investments
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial commitments	$ 61	$ 236

Commitments and Contingencies_2

Commitments and Contingencies - Additional Information (Details)	9 Months Ended
	Sep. 30, 2020USD ($)partnership	Sep. 30, 2019USD ($)	Dec. 31, 2019USD ($)
Commitments and Contingencies Disclosure [Abstract]
Provision for unfunded commitments	$ 300,000	$ 0
Allowance for unfunded commitments	$ 1,500,000		$ 1,200,000
Number of affordable housing project partnerships | partnership	2
Unfunded commitments to contribute capital	$ 2,300,000		$ 2,000,000

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Related Party Transaction [Line Items]
Deposits from related party, held by the Company	$ 26,000,000	$ 35,000,000
Total deposits of acquiree	1,559,912,000	1,313,693,000
Equity securities, at fair value	2,792,000	2,694,000
Director
Related Party Transaction [Line Items]
Total deposits of acquiree	2,200,000	1,400,000
Equity securities, at fair value	102,000	102,000
Participating mortgage loans, mortgage obligations, amount	20,000,000	16,300,000
Secured Debt
Related Party Transaction [Line Items]
Senior secured facility	25,000,000
Senior secured notes	4,400,000	9,600,000
Secured Debt | Director
Related Party Transaction [Line Items]
Senior secured facility	25,000,000
Senior secured notes	4,400,000	9,600,000
Federal Fund | Director
Related Party Transaction [Line Items]
Senior secured facility	20,000,000
Outstanding line of credit borrowings	$ 0	$ 0

Stock-Based Compensation Plan_2

Stock-Based Compensation Plans - Narrative (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	Jun. 30, 2020	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense		$ 525	$ 527	$ 1,500	$ 1,500
Unrecognized compensation cost		10		10
Options, exercises in period, intrinsic value		83	25	$ 145	2,700
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration period				10 years
Stock options | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period				3 years
Stock options | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period				5 years
Restricted stocks
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost		1,400		$ 1,400
Compensation cost not yet recognized, period for recognition				1 year 10 months 24 days
Options, vested in period, intrinsic value		$ 29	$ 120	$ 1,900	$ 1,500
2013 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)		1,590,620		1,590,620
2013 Plan | Incentive Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)		300,000		300,000
Number of additional shares authorized (in shares)	200,000

Stock-Based Compensation Plan_3

Stock-Based Compensation Plans - Summary of Outstanding Stock Options (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Shares
Outstanding, beginning of period (in shares)	131,424	141,089	137,531	383,212
Exercised (in shares)	(8,686)	(2,512)	(17,648)	(244,249)
Granted (in shares)	0	0	5,000	0
Forfeited (in shares)	(3,576)	0	(5,721)	(386)
Outstanding, end of period (in shares)	119,162	138,577	119,162	138,577
Option exercisable (in shares)	114,162	138,577	114,162	138,577
Weighted Average Exercise Price
Outstanding, beginning of period (in dollars per share)	$ 10.33	$ 10.18	$ 10.20	$ 10.44
Exercised (in dollars per share)	4.86	11.60	7.22	10.60
Granted (in dollars per share)	0	0	14.42	0
Forfeited (in dollars per share)	18.04	0	16.67	12.94
Outstanding, end of period (in dollars per share)	10.50	10.16	10.50	10.16
Option exercisable (in dollars per share)	$ 10.33	$ 10.16	$ 10.33	$ 10.16
Outstanding, weighted average remaining contractual term			3 years 6 months	4 years 2 months 12 days
Exercisable, weighted average remaining contractual term			3 years 3 months 18 days	4 years 2 months 12 days
Outstanding, aggregate intrinsic value	$ 359	$ 1,547	$ 359	$ 1,547
Exercisable, aggregate intrinsic value	$ 359	$ 1,547	$ 359	$ 1,547

Stock-Based Compensation Plan_4

Stock-Based Compensation Plans - Summary of Outstanding Restricted Shares (Details) - Restricted stocks - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Shares
Nonvested, beginning of period (in shares)	128,661	128,053	113,635	84,120
Granted (in shares)	100	972	102,367	111,205
Vested (in shares)	(1,146)	(4,537)	(85,071)	(64,012)
Forfeited (in shares)	(240)	(843)	(3,556)	(7,668)
Nonvested, end of period (in shares)	127,375	123,645	127,375	123,645
Weighted Average Grant-Date Fair Value
Nonvested, beginning of period (in dollars per share)	$ 21.79	$ 22.91	$ 22.50	$ 23.90
Granted (in dollars per share)	16.27	22.56	21.62	22.19
Vested (in dollars per share)	25.24	26.41	22.37	23.32
Forfeited (in dollars per share)	23.36	21.43	27.09	21.83
Nonvested, end of period (in dollars per share)	$ 21.75	$ 22.79	$ 21.75	$ 22.79

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Numerator for basic earnings per share:
Net income	$ 7,881	$ 5,730	$ 8,071	$ 18,157	$ 21,890
Less: dividends and net income allocated to participating securities	(86)	(60)	(86)	(182)	(222)
Net income available to common shareholders	$ 7,795	$ 5,670	$ 7,985	$ 17,975	$ 21,668
Denominator for basic earnings per share:
Basic weighted average common shares outstanding during the period (in shares)	11,573,138	11,564,965	11,584,955	11,565,398	11,605,687
Denominator for diluted earnings per share:
Basic weighted average common shares outstanding during the period (in shares)	11,573,138	11,564,965	11,584,955	11,565,398	11,605,687
Net effect of dilutive stock options (in shares)	39,132	41,315	74,191	51,441	108,333
Diluted weighted average common shares (in shares)	11,612,270	11,606,280	11,659,146	11,616,839	11,714,020
Net income per common share:
Basic (in dollars per share)	$ 0.67	$ 0.49	$ 0.69	$ 1.55	$ 1.87
Diluted (in dollars per share)	$ 0.67	$ 0.49	$ 0.68	$ 1.55	$ 1.85

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Financial Assets:
Securities available-for-sale	$ 37,999	$ 26,653
Securities held-to-maturity	1,801	5,077
Equity securities	2,792	2,694
Loans held for sale	39,300	8,400
Restricted stock investments, at cost	6,100	6,100
Level 1 | Carrying Amount
Financial Assets:
Cash and cash equivalents	181,536	161,801
Equity securities	2,792	2,694
Level 1 | Fair Value
Financial Assets:
Cash and cash equivalents	181,536	161,801
Equity securities	2,792	2,694
Level 2 | Carrying Amount
Financial Assets:
Securities available-for-sale	37,999	26,653
Securities held-to-maturity	1,680	5,056
Loans held for sale	36,474	7,659
Restricted stock investments, at cost	12,999	12,986
Accrued interest receivable	11,500	5,451
Financial Liabilities:
Deposits	1,559,912	1,313,693
Borrowings	150,000	90,000
PPP Liquidity Facility	253,140	0
Senior secured notes	4,400	9,600
Accrued interest payable	418	203
Level 2 | Fair Value
Financial Assets:
Securities available-for-sale	37,999	26,653
Securities held-to-maturity	1,801	5,077
Loans held for sale	39,271	8,420
Restricted stock investments, at cost	12,999	12,986
Accrued interest receivable	11,500	5,451
Financial Liabilities:
Deposits	1,561,061	1,316,287
Borrowings	150,336	91,029
PPP Liquidity Facility	253,245	0
Senior secured notes	4,400	9,600
Accrued interest payable	418	203
Level 3 | Carrying Amount
Financial Assets:
Loan held for investment, net	1,866,196	1,361,153
Servicing asset	2,368	3,202
Level 3 | Fair Value
Financial Assets:
Loan held for investment, net	1,906,039	1,393,282
Servicing asset	$ 3,063	$ 3,246

Fair Value Measurements - Recur

Fair Value Measurements - Recurring and Nonrecurring Fair Value Measurements (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	$ 37,999	$ 37,999	$ 26,653
Equity securities	2,792	2,792	2,694
U.S. Government and agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	2,706	2,706
Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	6,157	6,157	7,431
Collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	20,908	20,908	10,598
SBA Pools
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	8,228	8,228	8,624
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	37,999	37,999	26,653
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	0
Fair Value, Measurements, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	37,999	37,999	26,653
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	0
Fair Value, Measurements, Recurring | U.S. Government and agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	2,706	2,706
Fair Value, Measurements, Recurring | U.S. Government and agency 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 | U.S. Government and agency securities | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	2,706	2,706
Fair Value, Measurements, Recurring | U.S. Government and agency 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 | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	6,157	6,157	7,431
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	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	6,157	6,157	7,431
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	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	20,908	20,908	10,598
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	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	20,908	20,908	10,598
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	0
Fair Value, Measurements, Recurring | SBA Pools
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	8,228	8,228	8,624
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	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	8,228	8,228	8,624
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	0
Fair Value, Measurements, Recurring | Mutual fund investment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities	2,792	2,792	2,694
Fair Value, Measurements, Recurring | Mutual fund investment | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities	2,792	2,792	2,694
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	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	0
Fair Value, Measurements, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	$ 2,293	$ 2,293	3,558
Fair Value, Measurements, Nonrecurring | Impaired Loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans, measurement input		10.00%
Fair Value, Measurements, Nonrecurring | Measurement Input, Cost to Sell
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans, measurement input	10.00%
Fair Value, Measurements, Nonrecurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	$ 0	$ 0	0
Fair Value, Measurements, Nonrecurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	0	0	0
Fair Value, Measurements, Nonrecurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	2,293	2,293	$ 3,558
Fair Value, Measurements, Nonrecurring | Level 3 | Impaired Loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total nonrecurring gains (losses) recognized for impaired loans	$ (93)	$ 25

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Disaggregation of Revenue [Line Items]
Noninterest income, in-scope:	$ 540		$ 521	$ 1,765	$ 1,712
Total noninterest income, not in-scope	1,403		1,152	2,648	4,405
Total noninterest income	1,943	$ 1,055	1,673	4,413	6,117
Service charges and fees on deposit accounts
Disaggregation of Revenue [Line Items]
Noninterest income, in-scope:	495	$ 447	475	1,497	1,579
Other income
Disaggregation of Revenue [Line Items]
Noninterest income, in-scope:	45		46	268	133
Total noninterest income, not in-scope	185		382	838	915
Gain on sale of loans
Disaggregation of Revenue [Line Items]
Total noninterest income, not in-scope	990		528	1,367	2,727
Net servicing fees
Disaggregation of Revenue [Line Items]
Total noninterest income, not in-scope	$ 228		$ 242	$ 443	$ 763

Equity (Details)

Equity (Details) - USD ($) $ / shares in Units, $ in Thousands	Dec. 03, 2018	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020
Class of Stock [Line Items]
Dividends declared (in dollars per share)		$ 0.25	$ 0.20	$ 0.75	$ 0.60
Cash dividends declared		$ 2,900	$ 2,300	$ 8,800	$ 7,000
Cost to repurchase shares		$ 7		$ 166	$ 108
Stock Repurchase Plan
Class of Stock [Line Items]
Repurchase of shares (in shares)	1,200,000	0	87,500	38,411	416,270	504,511
Percentage of shares outstanding authorized to be repurchased	10.00%
Treasury stock acquired, average cost per share (in dollars per share)			$ 21.84
Repurchase of shares, average price per share (in usd per share)				$ 22.34	$ 21.60	$ 21.70
Cost to repurchase shares			$ 1,900	$ 858	$ 9,000
Remaining number of shares authorized for repurchase (in shares)		695,489		695,489		695,489

Regulatory Capital - Narrative

Regulatory Capital - Narrative (Details)	Sep. 30, 2020
Community Bank Leverage Ratio
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier 1 capital to average assets, ratio	0.1029

Subsequent Events (Details)

Subsequent Events (Details)	Nov. 05, 2020$ / shares
Subsequent Event
Subsequent Event [Line Items]
Dividends payable (in dollars per share)	$ 0.25