First Choice Bancorp 10-K 15 Mar 21 2020 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Dec. 31, 2020	Mar. 01, 2021	Jun. 30, 2020
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2020
Current Fiscal Year End Date	--12-31
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
Title of 12(b) Security	Common Shares, no par value
Trading Symbol	FCBP
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
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
ICFR Auditor Attestation Flag	false
Entity Shell Company	false
Entity Public Float			$ 162,397,315
Entity Common Stock, Shares Outstanding (in shares)		11,821,987
Documents Incorporated by Reference	DOCUMENTS INCORPORATED BY REFERENCE Portions of the Registrant’s definitive proxy statement relating to Registrant’s 2021 Annual Meeting of Shareholders, which will be filed within 120 days of the fiscal year ended December 31, 2020 are incorporated by reference in this Form 10-K in response to Part III, Items 10, 11, 12, 13 and 14 of this Form 10-K.
Entity Registrant Name	First Choice Bancorp
Entity Central Index Key	0001716697
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
ASSETS
Cash and due from banks	$ 18,011	$ 27,359
Interest-bearing deposits at other banks	218,370	134,442
Total cash and cash equivalents	236,381	161,801
Securities available-for-sale, at fair value	42,027	26,653
Securities held-to-maturity, at cost	1,358	5,056
Equity securities, at fair value	2,798	2,694
Restricted stock investments, at cost	12,999	12,986
Loans held for sale, at lower of cost or fair value	9,932	7,659
Loans held for investment	1,880,777	1,374,675
Allowance for loan losses	(19,167)	(13,522)
Loans held for investment, net	1,861,610	1,361,153
Accrued interest receivable	9,569	5,451
Premises and equipment, net	2,149	1,542
Servicing asset	2,860	3,202
Deferred taxes, net	7,385	6,163
Goodwill	73,425	73,425
Core deposit intangible, net	4,956	5,728
Other assets	15,666	16,811
TOTAL ASSETS	2,283,115	1,690,324
Deposits:
Noninterest-bearing demand	820,711	626,569
Money market, interest checking and savings	639,630	514,366
Time deposits	173,817	172,758
Total deposits	1,634,158	1,313,693
Borrowings	145,000	90,000
Paycheck Protection Program Liquidity Facility ("PPPLF")	204,719	0
Senior secured notes	2,000	9,600
Accrued interest payable and other liabilities	16,497	15,226
Total liabilities	2,002,374	1,428,519
Commitments and contingencies - Note 12
Shareholders’ equity:
Common stock no par value; 100,000,000 shares authorized; issued and outstanding: 11,705,684 at December 31, 2020 and 11,635,531 at December 31, 2019	217,734	216,398
Additional paid-in capital	3,292	3,493
Retained earnings	59,176	41,920
Accumulated other comprehensive income (loss), net	539	(6)
Total shareholders’ equity	280,741	261,805
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 2,283,115	$ 1,690,324

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - shares	Dec. 31, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	11,705,684	11,635,531
Common stock, shares outstanding (in shares)	11,705,684	11,635,531

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
INTEREST AND DIVIDEND INCOME
Interest and fees on loans	$ 89,210	$ 86,207
Interest on investment securities	777	853
Interest on deposits in other financial institutions	825	2,405
Dividends on restricted stock investments	803	889
Total interest and dividend income	91,615	90,354
INTEREST EXPENSE
Interest on savings, interest checking and money market accounts	2,153	4,998
Interest on time deposits	2,994	5,273
Interest on borrowings	985	1,143
Total interest expense	6,879	12,092
Net interest income	84,736	78,262
Provision for loan losses	5,900	2,800
Net interest income after provision for loan losses	78,836	75,462
NONINTEREST INCOME
Gain on sale of loans	4,653	3,674
Service charges and fees on deposit accounts	2,124	2,123
Net servicing fees	644	850
Other income	1,345	1,234
Total noninterest income	8,607	7,700
NONINTEREST EXPENSE
Salaries and employee benefits	28,626	25,691
Occupancy and equipment	4,476	5,406
Data processing	3,653	2,864
Professional fees	1,875	1,633
Office, postage and telecommunications	1,121	1,032
Deposit insurance and regulatory assessments	963	392
Loan related	644	694
Customer service related	841	1,755
Amortization of core deposit intangible	771	848
Other expenses	3,498	2,925
Total noninterest expense	46,468	43,240
Income before income taxes and equity in undistributed earnings of Bank subsidiary	40,975	39,922
Income taxes	12,024	12,074
Net income	$ 28,951	$ 27,848
Earnings Per Share [Abstract]
Basic (in dollars per share)	$ 2.48	$ 2.38
Diluted (in dollars per share)	$ 2.47	$ 2.36
Weighted-average common shares outstanding:
Basic (in shares)	11,569,128	11,586,651
Diluted (in shares)	11,617,780	11,687,089
Line of Credit
INTEREST EXPENSE
Interest on PPP Liquidity Facility and senior secured notes	$ 540	$ 0
Senior Notes
INTEREST EXPENSE
Interest on PPP Liquidity Facility and senior secured notes	207	678
Service charges and fees on deposit accounts
NONINTEREST INCOME
Service charges and fees on deposit accounts	$ 1,965	$ 1,942

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 28,951	$ 27,848
Unrealized gain on investment securities:
Change in net unrealized gain on available-for-sale securities	774	985
Related income taxes:
Income tax expense related to net unrealized holding gains	(229)	(292)
Total other comprehensive income	545	693
Total comprehensive net income	$ 29,496	$ 28,541

Consolidated Statement of Share

Consolidated Statement of Shareholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)
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	27,848			27,848
Cash dividends	(9,927)			(9,927)
Stock-based compensation	1,949		1,935	14
Issuance of restricted shares, net (in shares)		99,605
Vesting of restricted shares	0	$ 1,414	(1,414)
Repurchase of shares in settlement of restricted stocks (in shares)		(5,626)
Repurchase of shares in settlement of restricted stocks	$ (120)	$ (120)	0
Exercise of stock options, net (in shares)	245,295	245,295
Exercise of stock options, net	$ 2,593	$ 6,890	(4,297)
Common stock repurchased under authorized stock repurchase program (in shares)		(429,817)
Common stock repurchased under authorized stock repurchase program	(9,300)	$ (9,300)
Other comprehensive income, net of taxes	693				693
Ending balance (in shares) at Dec. 31, 2019		11,635,531
Ending balance at Dec. 31, 2019	261,805	$ 216,398	3,493	41,920	(6)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	28,951			28,951
Cash dividends	(11,699)			(11,699)
Stock-based compensation	2,044		2,040	4
Issuance of restricted shares, net (in shares)		99,191
Vesting of restricted shares	0	$ 1,966	(1,966)
Repurchase of shares in settlement of restricted stocks (in shares)		(8,275)
Repurchase of shares in settlement of restricted stocks	$ (174)	$ (174)
Exercise of stock options, net (in shares)	17,648	17,648
Exercise of stock options, net	$ 127	$ 402	(275)
Common stock repurchased under authorized stock repurchase program (in shares)		(38,411)
Common stock repurchased under authorized stock repurchase program	(858)	$ (858)
Other comprehensive income, net of taxes	545				545
Ending balance (in shares) at Dec. 31, 2020		11,705,684
Ending balance at Dec. 31, 2020	$ 280,741	$ 217,734	$ 3,292	$ 59,176	$ 539

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares	3 Months Ended		12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Statement of Stockholders' Equity [Abstract]
Cash dividends (in dollars per share)	$ 0.25	$ 0.25	$ 1	$ 0.85

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
OPERATING ACTIVITIES
Net income	$ 28,951	$ 27,848
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	1,852	1,708
Amortization of premiums of investment securities	266	178
Amortization of servicing asset	1,350	1,124
Provision for loan losses	5,900	2,800
Provision (reversal of) for losses - unfunded commitments	300	(200)
Gain on sale of loans	(4,653)	(3,674)
Impairment charges of fixed assets and right-of-use assets	0	1,207
Loans originated for sale	(209,588)	(33,277)
Proceeds from loans originated for sale	213,393	67,554
Accretion of net discounts and deferred loan fees, net	(10,078)	(6,695)
Deferred income taxes	(1,450)	2,211
Stock-based compensation	2,044	1,949
Appreciation of Bank Owned Life Insurance	(111)	(107)
Increase in other items, net	(288)	(2,263)
Net cash provided by operating activities	27,888	60,363
INVESTING ACTIVITIES
Proceeds from paydowns of securities available-for-sale	10,836	4,705
Proceeds from paydowns of securities held-to-maturity	337	253
Proceeds from calls of securities available-for-sale	295	0
Proceeds from calls of securities held-to-maturity	3,350	0
Purchases of securities available-for-sale	(25,988)	(995)
Net increase in loans	(498,556)	(128,713)
Purchases of Federal Reserve and FHLB stock	(13)	(131)
Purchases of equity investment	(2,312)	(959)
Proceeds from disposal of premises and equipment	31	0
Purchases of premises and equipment	(1,268)	(850)
Net cash used in investing activities	(513,288)	(126,690)
FINANCING ACTIVITIES
Net increase in deposits	320,465	61,354
Net increase (decrease) in short term borrowings	0	(74,998)
Repayment and maturities of long term FHLB borrowings	(145,000)	0
Proceeds from long term FHLB borrowings	200,000	60,000
Repayment of Paycheck Protection Program Liquidity Facility	(56,899)	0
Proceeds from Paycheck Protection Program Liquidity Facility	261,618	0
Repayment of senior secured notes	(19,300)	(16,500)
Proceeds from senior secured notes	11,700	17,650
Cash dividends paid	(11,699)	(9,927)
Repurchase of shares	(1,032)	(9,420)
Proceeds from exercise of stock options, net	127	2,593
Net cash provided by financing activities	559,980	30,752
Increase (decrease) in cash and cash equivalents	74,580	(35,575)
Cash and cash equivalents, beginning of period	161,801	197,376
Cash and cash equivalents, end of period	236,381	161,801
Cash paid during the period for:
Interest paid	6,548	12,054
Taxes paid	10,328	11,098
Noncash investing and financing activities:
Transfers of loans from held for investment to held for sale	933	10,249
Transfers of loans to foreclosed assets	602	0
Servicing rights asset recognized	1,008	1,140
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	12 Months Ended
	Dec. 31, 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 standalone 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. 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 eight full-service branches and two loan production offices located in Los Angeles, Orange and San Diego Counties. Effective at the close of business on January 29, 2021, the Rowland Heights branch was sold to a third party financial institution. Refer to Note 22. Subsequent Events, for more information about the Rowland Heights branch sale. During 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 consolidated financial statements include the accounts of the Company, and its wholly-owned subsidiary, First Choice Bank, and have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). All significant intercompany balances and transactions have been eliminated in consolidation. Certain immaterial reclassifications have been made to the December 31, 2019 consolidated financial statements to conform to the 2020 presentation. Use of Estimates in the Preparation of Consolidated Financial Statements The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change are the determination of the allowance for loan losses, the valuation of acquired loans, the valuation of goodwill and separately identifiable intangible assets associated with mergers and acquisitions, loan sales and servicing of financial assets and deferred tax assets and liabilities. Summary of Significant Accounting Policies Cash and Cash Equivalents For purposes of reporting cash flows, cash and cash equivalents include cash, due from banks, interest-bearing deposits at other banks with original maturities of less than 90 days, federal funds sold and securities purchased under agreements to resell. Generally, federal funds are sold for one-day periods. Cash and Due from Banks Banking regulations require that banks maintain a percentage of their deposits as reserves in cash or on deposit with the Federal Reserve Bank. These reserve requirements were zero at December 31, 2020 and 2019. The Company was in compliance with its reserve requirements as of December 31, 2020 and 2019. The Company maintains amounts due from other banks, which exceed federally insured limits. The Company has not experienced any losses in such accounts. Investments and Equity Securities with Readily Determinable Fair Values Investments held-to-maturity. Investments in debt securities, such as bonds, notes, and debentures, are classified as held-to-maturity and reported at cost, adjusted for premiums and discounts, when management has the positive intent and ability to hold such investments to maturity. Premiums or discounts on held-to-maturity investments are amortized or accreted into interest income using the interest method. Investments available-for-sale. Investments in debt securities not classified as trading securities nor as held-to-maturity are classified as available-for-sale investments and recorded at fair value. Unrealized gains or losses on available-for-sale investments are excluded from net income and reported as an amount net of taxes as a separate component of accumulated other comprehensive income (“AOCI”) included in shareholders’ equity. Premiums or discounts on available-for-sale investments are amortized or accreted into interest income using the interest method. Realized gains or losses on sales of available-for-sale investments are recorded using the specific identification method. Management evaluates securities for other-than-temporary impairment (“OTTI”) on a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. For securities in an unrealized loss position, management considers the extent and duration of the unrealized loss, and the financial condition and near-term prospects of the issuer. Management also assesses whether (i) it has the intent to sell, or (ii) it is more likely than not that it will be required to sell the security in an unrealized loss position before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the entire difference between amortized cost and fair value is recognized as an impairment charge to earnings. Equity securities. Equity investments with a readily determinable fair value are measured at fair value at the end of each reporting period and changes in fair value are recognized in net income as a component of other noninterest income. Restricted Stock and Other Equity Securities Without A Readily Determinable Fair Value Restricted stock investments are comprised of Federal Home Loan Bank (“FHLB”) stock and Federal Reserve stock, and are required investments based on the level of the Bank's assets, capital and/or capital surplus. FHLB and Federal Reserve stocks are carried at cost and periodically evaluated for impairment. There is no readily determinable fair value for these stocks as they have no quoted market value, they are a required investment and they are expected to be redeemed at par value. Both cash and stock dividends are reported as a component of interest and dividend income. The Bank also has restricted securities in the form of capital stock invested in two different banker’s bank stocks (collectively "Other Bank Stocks") and other qualified CRA equity investments. These investments do not have a readily determinable fair value, and they are measured at cost less impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. Any impairment will be recorded through earnings, with related disclosures to be made. These investments are included in other assets in the accompanying consolidated balance sheets . Loans Held for Sale Loans originated and intended for sale in the secondary market are carried at the lower of cost or estimated market value in the aggregate. Net unrealized losses are recognized through a valuation allowance by charges to income. Gains and losses on the sale of loans are recognized pursuant to ASC 860, Transfers and Servicing. Interest income on these loans is accrued daily. Loan origination fees and costs are deferred and included in the cost basis of the loan held for sale. Gains or losses realized on the sales of loans are recognized at the time of sale and are determined by the difference between the net sales proceeds and the carrying value of the loans sold, adjusted for any retained servicing asset or liability. Gains and losses on sales of loans are included in noninterest income. When we change our intent to hold loans for investment, the loans are transferred to held-for-sale at the lower of cost or fair value on the transfer date and amortization of deferred fees and costs or purchase discounts or premiums is ceased. If a determination is made that a loan held-for-sale cannot be sold in the foreseeable future, it is transferred to held-for-investment at the lower of cost or fair value on the transfer date and amortization of origination fees and costs or purchase discounts or premiums are resumed. Loans Held for Investment Loans receivable that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at their outstanding unpaid principal balances reduced by any charge-offs and net of deferred loan origination fees and costs, or unamortized premiums or discounts on purchased loans. Loan origination fees and certain direct origination costs are capitalized and recognized as an adjustment of the yield using the effective interest method or straight-line method over the contractual life of the loans or taken into interest income when the related loans are paid off or sold. Amortization of deferred loan origination fees and costs are discontinued when a loan is placed on nonaccrual status. Unamortized premiums or discounts on purchased loans are amortized or accreted to interest income using the effective interest method or straight-line method over the remaining period to contractual maturity. Interest income is recorded on an accrual basis in accordance with the terms of the respective loan. When a loan is placed on nonaccrual status, interest income is discontinued and all unpaid accrued interest is reversed against interest income. Loans on which the accrual of interest has been discontinued are designated as nonaccrual loans. The accrual of interest on loans is discontinued when principal or interest is past due 90 days based on the contractual terms of the loan or when, in the opinion of management, there is reasonable doubt as to collectability. The only exception to this policy are loans that qualify for payment deferral under the CARES Act or the SBA Debt Relief Program. Refer to "Guidance on non-TDR loan modifications due to Coronavirus Disease 2019 ("COVID-19") in the following paragraphs. When loans are placed on nonaccrual status, all interest previously accrued but not collected is reversed against current period interest income. Income on nonaccrual loans is subsequently recognized only to the extent that cash is received and the loan’s principal balance is deemed collectible. Interest accruals are resumed on such loans only when they are brought current with respect to interest and principal and when, in the judgment of management, the loans are estimated to be fully collectible as to all principal and interest. Impaired loans. A loan is considered impaired when it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. Impaired loans include loans on nonaccrual status and performing troubled debt restructured loans. Income from impaired loans is recognized on an accrual basis unless the loan is on nonaccrual status. Income from loans on nonaccrual status is recognized to the extent cash is received and when the loan’s principal balance is deemed collectible. The Company measures impairment of a loan by using the estimated fair value of the collateral, less estimated costs to sell and other applicable costs, if the loan is collateral-dependent and the present value of the expected future cash flows discounted at the loan’s effective interest rate if the loan is not collateral-dependent. The impairment amount on a collateral-dependent loan is charged-off, and the impairment amount on a loan that is not collateral-dependent is generally recorded as a specific reserve. Troubled debt restructurings (TDR). A loan is classified as a TDR when the Company grants a concession to a borrower experiencing financial difficulties that it otherwise would not consider under our normal lending policies. These concessions may include a reduction of the interest rate, principal or accrued interest, extension of the maturity date or other actions intended to minimize potential losses. All modifications of criticized loans are evaluated to determine whether such modifications are TDR as outlined under ASC Subtopic 310-40, Troubled Debt Restructurings by Creditors . Loans restructured with an interest rate equal to or greater than that of a new loan with comparable market risk at the time the loan is modified may be excluded from certain restructured loan disclosures in years subsequent to the restructuring if the loans are in compliance with their modified terms. A loan that has been placed on nonaccrual status that is subsequently restructured will usually remain on nonaccrual status until the borrower is able to demonstrate repayment performance in compliance with the restructured terms for a sustained period of time, typically for six months. A restructured loan may return to accrual status sooner based on other significant events or mitigating circumstances. A loan that has not been placed on nonaccrual status may be restructured and such loan may remain on accrual status after such restructuring. In these circumstances, the borrower has made payments before and after the restructuring. Generally, this restructuring involves maturity extensions, a reduction in the loan interest rate and/or a change to interest-only payments for a period of time. The restructured loan is considered impaired despite the accrual status and a specific reserve is calculated based on the present value of expected cash flows discounted at the loan’s original effective interest rate or based on the fair value of the collateral if the loan is collateral-dependent. Guidance on non-TDR loan modifications due to Coronavirus Disease 2019 ("COVID-19") 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 or the date that is 60 days following the termination of the federal emergency declaration relating to the COVID-19 pandemic. On December 27, 2020, the President signed into law the 2021 Consolidated Appropriation Act that extended this guidance until the earlier of January 1, 2022 or 60 days after the date on which the national emergency declared as a result of COVID-19 is terminated. 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 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 qualified under Section 4013 of the CARES Act. Loans that qualified for deferral under this program continued to accrue interest during the deferral period, unlesss they are considered impaired, 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 are 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 is reviewed to determine if a reserve for uncollectible interest is required. Purchased Credit-impaired Loans Purchased credit impaired loans (“PCI loans”) are accounted for in accordance with ASC Subtopic 310‑30, Loans and Debt Securities Acquired with Deteriorated Credit Quality. A purchased loan is deemed to be credit impaired when there is evidence of credit deterioration since its origination and it is probable at the acquisition date that collection of all contractually required payments is unlikely. We apply PCI loan accounting when we acquire loans deemed to be impaired. At the time of acquisition, we calculate the difference between the (i) contractual amount and timing of undiscounted principal and interest payments (the “contractual cash flows”) and (ii) the estimated amount and timing of undiscounted expected principal and interest payments (the “expected cash flows”). The difference between contractual cash flows and expected cash flows is the nonaccretable difference. The nonaccretable difference represents an estimate of the loss exposure of principal and interest related to the PCI loan portfolios. The nonaccretable difference is subject to change over time based on the performance of the PCI loans. The carrying value of PCI loans is reduced by principal and interest payments received and increased by the portion of the accretable yield recognized as interest income. The excess of the expected cash flows at acquisition over the initial fair value of acquired impaired loans is referred to as the “accretable yield”. The accretable yield is recorded as interest income over the estimated life of the loans using the effective yield method if the timing and amount of the future cash flows is reasonably estimable. PCI loans that are contractually past due are still considered to be accruing and performing as long as there is an expectation that the estimated cash flows will be received. If the timing and amount of cash flows is uncertain, then cash payments received will be recognized as a reduction of the recorded investment. The initial determination of fair value and the subsequent accounting for PCI loans is performed on an individual loan basis. Increases in expected cash flows over those previously estimated increase the accretable yield and are recognized as interest income prospectively. Decreases in the amount and changes in the timing of expected cash flows compared to those previously estimated decrease the accretable yield and usually result in a provision for loan losses and the establishment of an allowance for loan losses. As the accretable yield increases or decreases from changes in cash flow expectations, the offset is a decrease or increase to the nonaccretable difference. The accretable yield is measured at each financial reporting date based on information then currently available and represents the difference between the remaining undiscounted expected cash flows and the current carrying value of the loans. Allowance for Loan Losses The allowance for loan losses ("ALLL") is a valuation allowance for probable incurred credit losses inherent within the loan portfolio as of the balance sheets date. The allowance is increased by provisions charged to earnings and by recoveries of amounts previously charged-off and is reduced by charge-offs on loans. Loan charge-offs are recognized when m anagement believes the collectability of the principal balance outstanding is unlikely. This methodology for determining charge-offs is consistently applied to each portfolio segment. Management estimates the allowance balance required using past loan loss experience, the nature and volume of the portfolio, information about specific borrower situations and estimated collateral values, economic conditions, and other factors. Allocations of the allowance may be made for specific loans, but the entire allowance is available for any loan that, in management’s judgment, should be charged-off. Loan losses are charged against the allowance when we believe available information confirms that specific loans, or portions thereof, are uncollectible. Subsequent recoveries, if any, are credited to the ALLL. We determine a separate ALLL for each portfolio segment. Portfolio segments identified by us include construction and land development, real estate, commercial and industrial, SBA loans and consumer loans. The ALLL consists of specific and general reserves. Specific reserves relate to loans that are individually classified as impaired. A loan is impaired when, based on current information and events, it is probable that we will be unable to collect all amounts due according to the contractual terms of the loan agreement. Factors considered in determining impairment include payment status, collateral value and the probability of collecting all amounts when due. Measurement of impairment is based on the expected future cash flows of an impaired loan, which are to be discounted at the loan’s effective interest rate, or measured by reference to an observable market value, if one exists, or the fair value of the collateral for a collateral-dependent loan. We select the measurement method on a loan-by-loan basis except that collateral-dependent loans for which foreclosure is probable are measured at the fair value of the collateral, less estimated selling costs. General reserves cover non-impaired loans and are based on historical loss rates for each portfolio segment adjusted for the effects of qualitative or environmental factors that are likely to cause estimated credit losses as of the evaluation date to differ from the portfolio segment’s historical loss experience. Qualitative factors include consideration of the following: changes in lending policies and procedures; changes in economic conditions; changes in the nature and volume of the portfolio; changes in the experience, ability and depth of lending management and other relevant staff; changes in the volume and severity of past due, nonaccrual and other adversely graded loans; changes in the loan review system; changes in the value of the underlying collateral for collateral-dependent loans; concentrations of credit; and the effect of other external factors such as competition and legal and regulatory requirements. Acquired non-PCI loans are recorded at fair value on the date of acquisition with no carryover of the related ALLL balance. The premium or discount estimated through the loan fair value calculation is recognized into interest income on an effective interest method or straight-line basis over the remaining contractual life of the loans. Additional credit deterioration on acquired non-PCI loans, in excess of the remaining discount is recognized in the ALLL through the provision for loan losses. Reserve for Unfunded Commitments A reserve for unfunded commitments is maintained at a level that, in the opinion of management, is sufficient to absorb probable losses associated with the Company’s commitment to extend credit and standby letters of credit. Management determines the appropriate reserve for unfunded commitments based upon reviews of credit evaluations, prior loss experience, expected future usage of unfunded commitments for the various loan types and other relevant factors. The reserve for unfunded commitments is based on estimates, and ultimate losses may vary from the current estimates. Provisions for unfunded commitment losses are included in other noninterest expense and added to the reserve for unfunded commitments, which is included in the Accrued interest payable and other liabilities of the consolidated balance sheets . Other Real Estate Owned and Other Foreclosed Assets Other real estate owned and other assets acquired by foreclosure or deed in lieu of foreclosure is recorded at fair value, less estimated selling costs at the date of foreclosure, establishing a new cost basis. Loan balances in excess of the fair value of the real estate acquired at the date of acquisition are charged-off against the allowance for loan losses. Any subsequent write-downs are charged against operating expenses and recognized as a valuation allowance. Other real estate owned and other foreclosed assets are carried at the lower of the Company’s carrying value of the property or its fair value. Fair value is generally based on current appraisals less estimated selling costs. Operating expenses of such assets, net of related income, and gains and losses on their disposition are included in noninterest expenses. Premises and Equipment Premises and equipment are carried at cost less accumulated depreciation and amortization. Depreciation is computed using the straight-line method over the estimated useful lives, which ranges from three Right-of-Use ("ROU") Assets and Lease Liabilities The Company has operating leases for its branches and administrative facilities. The Company determines if an arrangement contains a lease at contract inception and recognizes a ROU asset and operating lease liability based on the present value of lease payments over the lease term. While the operating leases may include options to extend the term, these options are not included when calculating the ROU asset and lease liability unless we are reasonably certain we will exercise such options. Most of the leases do not provide an implicit rate and, therefore, the Company determines the present value of lease payments by using our incremental borrowing rate, currently our FHLB secured borrowing rate for the remaining lease term, and other information available at lease commencement. Leases with an initial term of 12 months or less are not recorded in the consolidated balance sheets. Lease expense is recognized on a straight-line basis over the lease term. The Company has lease agreements with lease and non-lease components for which it has elected to account for as a single lease component. The Company may sublease its leased assets to an unrelated third party. Rental income received from the sublease is included in noninterest income and recorded on a straight-line basis over the term of the sublease. Loss Contingencies Loss contingencies, including claims and legal actions arising in the ordinary course of business, are recorded as liabilities when the likelihood of loss is probable and an amount or range of loss can be reasonably estimated. Management does not believe there now are such matters that will have a material impact to the consolidated financial statements. Transfers of Financial Assets Transfers of financial assets are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity or the ability to unilaterally cause the holder to return specific assets. In addition, for transfers of a portion of financial assets (for example, participations of loans receivable), the transfer must meet the definition of a “participating interest” in order to account for the transfer as a sale. The Company accounts for transfers and servicing of financial assets by recognizing the financial and servicing assets it controls and the liabilities it has incurred, derecognizes financial assets when control has been surrendered, and derecognizes liabilities when extinguished. Loan Sales and Servicing of Financial Assets The Company originates SBA loans and sells the guaranteed portion in the secondary market. Servicing assets are recognized separately when they are acquired through sale of loans. Servicing assets are initially recorded at fair value with the income statement effect recorded in gain on sale of loans. Fair value is based on a valuation model that calculates the present value of estimated future net servicing income. The valuation model uses assumptions that market participants would use in estimating the net income stream from the servicing assets, such as the servicing fees, costs to service, discount rates and prepayment speeds. Servicing assets are subsequently measured using the amortization method which requires servicing assets to be amortized into noninterest income in proportion to, and over the period of, the estimated future net servicing income of the underlying loans. Servicing assets are evaluated for impairment by comparing their fair values to carrying amounts. Impairment is determined by stratifying servicing assets into groupings based on predominant risk characteristics, such as interest rate, loan type and investor type. For purposes of measuring impairment, the Company reviews the total servicing asset. A valuation allowance is recorded when the fair value is below the carrying amount of the total servicing asset. If the Company later determines that all or a portion of the impairment no longer exists, a reduction of

BUSINESS COMBINATION

BUSINESS COMBINATION	12 Months Ended
	Dec. 31, 2020
Business Combinations [Abstract]
BUSINESS COMBINATION	BUSINESS COMBINATION On February 26, 2018, we announced that we had entered into an Agreement and Plan of Reorganization and Merger, dated February 23, 2018 (the "merger agreement"), by which PCB would be merged with and into First Choice Bancorp and PCB’s bank subsidiary, Pacific Commerce Bank, would be merged with and into First Choice Bank (collectively, the “Merger”). Following receipt of all necessary regulatory and shareholder approvals, on July 31, 2018, we completed our acquisition of PCB. The Merger was an all-stock transaction valued at approximately $133.3 million, or $13.69 per share, based on a closing price of First Choice Bancorp's common stock of $28.70 on July 31, 2018. At the effective time of the Merger, each share of PCB common stock was converted into the right to receive 0.47689 shares (referred to as the final exchange ratio) of our common stock, with cash paid in lieu of any fractional shares. The final exchange ratio was higher than the ratio of 0.46531 announced at the time of the acquisition, as the ratio was subject to certain adjustments as previously described in the joint proxy statement. The higher exchange ratio was primarily due to adjustments resulting from an increase in PCB’s capital from the exercise of stock options, PCB's lower than budgeted merger transaction costs and PCB's higher than projected net income during the first six months of 2018. In the aggregate, we issued 4,386,816 shares of First Choice Bancorp's common stock in exchange for the outstanding shares of PCB common stock. In addition, we issued 420,393, in the aggregate, in replacement vested stock awards with a fair value of $7.4 million to PCB directors, officers and employees. The PCB directors, officers and employees that did not continue to work with the Company had the option to receive either a rollover stock option or cash equal to the value of their PCB stock options, and after such elections were made, 278,096 rollover stock options were issued and exercisable into shares of the Company's common stock, and no cash was issued. For the remaining PCB directors, officers and employees that continued to work with the Company, their stock options were converted into rollover stock options exercisable into 142,297 shares of the Company's common stock. PCB was headquartered in Los Angeles, California, with $544.7 million in total assets, $414.9 million in gross loans and $474.8 million in total deposits as of July 31, 2018. PCB had six full-service branches in Los Angeles and San Diego Counties, including its operating division, ProAmérica Bank, in Downtown Los Angeles. The acquisition of PCB provided the Company with the opportunity to further serve our existing customers and to expand our footprint in Southern California to the Mexican border. The following table represents the fair value of assets acquired and liabilities assumed of PCB, as of July 31, 2018, recorded using the acquisition method of accounting: Fair Value (dollars in thousands) Assets acquired: Cash and cash equivalents $ 111,035 Loans held for investment, net 399,822 Investment in restricted stock, at cost 4,148 Premises and equipment 719 Servicing assets 1,054 Cash surrender value of bank-owned life insurance 4,712 Deferred taxes 4,612 Core deposit intangible 6,908 Accrued interest receivable and other assets 3,487 Total assets acquired $ 536,497 Liabilities assumed: Deposits $ 474,925 Accrued interest payable and other liabilities 1,724 Total liabilities assumed 476,649 Net assets acquired $ 59,848 Purchase consideration: Fair value of shares of First Choice Bancorp issued in the merger $ 125,902 Fair value of equity awards exchanged 7,371 Total purchase consideration 133,273 Goodwill recognized $ 73,425 The final PCB tax return was completed during the second quarter ended June 30, 2019 and there were no adjustments to the acquired deferred tax assets. Goodwill represents the excess of the purchase consideration over the fair value of the net assets acquired and was primarily attributable to the expected synergies and economies of scale expected from combining PCB's operations with the Company. Goodwill from the PCB acquisition is not deductible for U.S. income tax purposes. The following table presents the amounts that comprise the fair value of loans acquired, excluding PCI loans, from PCB as of July 31, 2018: Loans (dollars in thousands) Contractual amounts receivable $ 507,720 Contractual cash flows not expected to be collected (8,520) Expected cash flows 499,200 Interest component of expected cash flows (102,431) Fair value of loans acquired, excluding PCI loans $ 396,769 A component of total loans acquired from PCB were PCI loans. The following table presents the amounts that comprise the fair value of PCI loans as of July 31, 2018. (Refer to Note 4 . Loans for additional information regarding PCI loans): PCI Loans (dollars in thousands) Contractually required payments receivable (principal and interest) $ 8,580 Nonaccretable difference (contractual cash flows not expected to be collected) (3,416) Expected cash flows 5,164 Accretable yield (2,111) Fair value of PCI loans acquired $ 3,053

INVESTMENT SECURITIES

INVESTMENT SECURITIES	12 Months Ended
	Dec. 31, 2020
Investments, Debt and Equity Securities [Abstract]
INVESTMENT SECURITIES	INVESTMENT SECURITIES Investment securities have been classified in the consolidated balance sheets according to management’s intent. The carrying amount of securities held-to-maturity and securities available-for-sale and their approximate fair values at the periods indicated were as follows: Amortized Gross Gross Fair (dollars in thousands) December 31, 2020 Securities available-for-sale: U.S. Government and agency securities $ 2,679 $ 26 $ — $ 2,705 Mortgage-backed securities 5,537 116 — 5,653 Collateralized mortgage obligations 25,552 328 (102) 25,778 SBA pools 7,494 397 — 7,891 $ 41,262 $ 867 $ (102) $ 42,027 Securities held-to-maturity: Mortgage-backed securities 1,358 112 — 1,470 $ 1,358 $ 112 $ — $ 1,470 Amortized Gross Gross Fair (dollars in thousands) 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 December 31, 2020, by contractual maturities are shown below. Contractual maturities may differ from expected maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Held to Maturity Available for Sale Amortized 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 1,358 1,470 41,262 42,027 $ 1,358 $ 1,470 $ 41,262 $ 42,027 At December 31, 2020, there were no holdings of securities of any one issuer in an amount greater than 10% of our shareholders’ equity. There were no sales and maturities of investment securities available-for-sale and held-to-maturity during the years ended December 31, 2020 and 2019. There were $295 thousand in calls of investment securities available-for-sale maturities and $3.4 million in calls of investment securities held-to-maturity during the year ended December 31, 2020. There were no calls of any investment securities available-for-sale or held-to-maturity during the years ended December 31, 2019. The Company purchased $26.0 million and $1.0 million of investment securities available-for-sale during the years ended December 31, 2020 and 2019. At December 31, 2020, securities held-to-maturity with a carrying amount of $1.4 million were pledged to the Federal Reserve Bank as discussed in Note 10 – Borrowing Arrangements . As of December 31, 2020 and 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 Total Unrealized Fair Unrealized Fair Unrealized Fair (dollars in thousands) December 31, 2020 Securities available-for-sale: Collateralized mortgage obligations $ (102) $ 10,429 $ — $ — $ (102) $ 10,429 $ (102) $ 10,429 $ — $ — $ (102) $ 10,429 Less Than Twelve Months Total Unrealized Fair Unrealized Fair Unrealized Fair (dollars in thousands) 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 December 31, 2020, the Company had four investment securities available-for-sale in an unrealized loss position with total unrealized losses of $102 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 impairment because the issuers’ bonds are above investment grade, management does not intend to sell these securities and it is not more likely than not that management would be required to sell the securities prior to their anticipated recovery, and the decline in fair value is largely due to changes in interest rates. Equity Securities with A Readily Determinable Fair Value At December 31, 2020 and 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 gains of $39 thousand and $82 thousand related to changes in fair value for the years ended December 31, 2020 and 2019, all of which related to equity securities held during those periods. Restricted Stock and Other Bank 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 December 31, 2020 and December 31, 2019, the Bank owned $6.1 million of FHLB stock, which is carried at cost. For the year ended December 31, 2020, there were no required purchases of FHLB stock. The Company evaluated the carrying value of its FHLB stock investment at December 31, 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 the Company’s intent and ability to hold this investment for a period of time sufficient to recover our recorded investment. As a member of the Federal Reserve Bank of San Francisco, the Bank owned $6.9 million of Federal Reserve stock, which is carried at cost, at December 31, 2020 and 2019. For the years ended December 31, 2020 and 2019, the Company purchased $13 thousand and $131 thousand of Federal Reserve stock. The Company evaluated the carrying value of its Federal Reserve stock investment at December 31, 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 the Company’s 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 Bank 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 December 31, 2020 and 2019 and are reported in other assets in the consolidated balance sheets. For the year ended December 31, 2020, 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 $2.0 million and $500 thousand at December 31, 2020 and 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 the Company's 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 consolidated balance sheets. During the year ended December 31, 2019, the Company purchased the initial securities of $500 thousand. During the year ended December 31, 2020, the Company purchased additional securities of $1.5 million. At December 31, 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 consolidated statements of income. Total estimated tax credits allocated and proportional amortization expense recognized were $87 thousand and $77 thousand for the year ended December 31, 2020 and $21 thousand and $26 thousand for the year ended December 31, 2019, respectively. At December 31, 2020 and 2019, the net LIHTC investment totaled $808 thousand and $236 thousand and are reported in other assets in the consolidated balance sheets. During the years ended December 31, 2020 and 2019, the Company made capital contributions of $649 thousand and $262 thousand. At December 31, 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	12 Months Ended
	Dec. 31, 2020
Receivables [Abstract]
LOANS	LOANS The Company’s loan portfolio consists primarily of loans to borrowers within its principal market areas. Although the Company seeks to avoid concentrations of loans to a single industry or based upon a single class of collateral, real estate and real estate associated businesses, such as hospitality businesses, are among the principal industries in the Company’s market area and, as a result, the Company’s loan and collateral portfolios are, to some degree, concentrated in those industries. The Company also originates SBA loans either for sale to institutional investors or for retention in the loan portfolio. Loans identified as held for sale are carried at the lower of carrying value or market value and separately designated as such in the consolidated financial statements. A portion of the Company’s revenues are from origination of loans guaranteed by the SBA under its various programs and sale of the guaranteed portions of the loans. Funding for these loans depends on annual appropriations by the U.S. Congress. 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%. 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 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. For loans originated under the SBA's PPP loan program, interest and principal payment on these loans were originally deferred for six months following the funding date, during which time interest would continue to accrue. T he Flexibility Act extended the deferral period for borrower payments of principal, interest, and fees on all PPP loans to the date that the SBA remits the borrower’s loan forgiveness amount to the lender (or, if the borrower does not apply for loan forgiveness, 10 months after the end of the borrower’s loan forgiveness covered period). The extension of the deferral period under the Flexibility Act automatically applied to all PPP loans. At loan origination, the Company was paid a processing fee from the SBA ranging from 1% to 5% based on the loan size. At December 31, 2020, PPP loans, net of unearned fees of $6.6 million, totaled $320.1 million. The unearned fees are being accreted to interest income based on the two-year contractual maturity. At December 31, 2020, the Company had not originated any PPP loans having a 5-year contractual maturity. The SBA began approving forgiveness applications and making payments as forgiveness was approved in the fourth quarter of 2020. At December 31, 2020, approximately $73 million of PPP loans were forgiven by the SBA or repaid by the borrowers. The related net deferred fees of $1.8 million was accelerated to income at the time of SBA forgiveness or borrower repayments. The Company also participates in the First Draw and Second Draw PPP Loan Program signed into law on December 27, 2020 as part of the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act (Economic Act), which was included in the Consolidated Appropriations Act, 2021. 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 December 31, 2020, the Company had $204.7 million in borrowings under the PPPLF with a fixed rate of 0.35% which were collateralized by PPP loans. See Note 10 – Borrowing Arrangements for additional information regarding the PPPLF. The Company also participated 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 originated loans to borrowers meeting the terms and requirements of the program, including requirements as to eligibility, use of proceeds and priority, and sold a 95% participation interest in these loans to SPV formed by the Federal Reserve to purchase the participation interest from eligible lenders, including the Company. During the year ended December 31, 2020, the Company originated 32 loans under the Main Street Lending Program totaling $172.2 million in principal and sold participation interest totaling $163.6 million to the SPV, resulting in a gain on sale of $1.1 million. The program expired on January 8, 2021. At December 31, 2020, the Company had pledged $1.71 billion of loans with FHLB under a blanket lien, of which $896.1 million was considered as eligible collateral under this secured borrowing arrangement, and loans with an unpaid principal balance of $193.9 million were pledged as collateral under a secured borrowing arrangement with the Federal Reserve. See Note 10 – Borrowing Arrangements for additional information regarding the FHLB and Federal Reserve secured lines of credit. The composition of the Company’s loan portfolio at the periods indicated was as follows: December 31, 2020 2019 (dollars in thousands) Construction and land development $ 197,634 $ 249,504 Real estate: Residential 27,683 43,736 Commercial real estate - owner occupied 161,823 171,595 Commercial real estate - non-owner occupied 550,788 423,823 Commercial and industrial 388,814 309,011 SBA loans (1) 562,842 177,633 Consumer 1 430 Loans held for investment, net of discounts (2) 1,889,585 1,375,732 Net deferred origination fees (1) (8,808) (1,057) Loans held for investment $ 1,880,777 $ 1,374,675 Allowance for loan losses (19,167) (13,522) Loans held for investment, net $ 1,861,610 $ 1,361,153 (1) Includes PPP loans with total outstanding principal of $326.7 million and net unearned fees of $6.6 million at December 31, 2020. (2) Loans held for investment, net of discounts includes the net carrying value of PCI loans of $761 thousand and $1.1 million at December 31, 2020 and 2019. Loans held for investment were comprised of the following components at December 31, 2020 and 2019: December 31, 2020 2019 (dollars in thousands) Gross loans held for investment (1) $ 1,897,599 $ 1,385,142 Unamortized net discounts (2) (8,014) (9,410) Net unamortized deferred origination fees (3) (8,808) (1,057) Loans held for investment $ 1,880,777 $ 1,374,675 (1) Includes PPP loans with total outstanding principal of $326.7 million at December 31, 2020 and the net carrying value of PCI loans of $761 thousand and $1.1 million at December 31, 2020 and 2019. (2) Unamortized net discounts include discounts related to the retained portion of SBA loans and net discounts on Non-PCI loans. At December 31, 2020, net discounts related to loans acquired in the PCB acquisition totaled $3.9 million that is expected to be accreted into interest income over a weighted average remaining life of 3.8 years. At December 31, 2019, net discounts related to loans acquired in the PCB acquisition totaled $6.0 million. (3) Net unamortized deferred origination fees include $6.6 million for PPP loans at December 31, 2020. A summary of the changes in the allowance for loan losses for the years ended December 31, 2020 and 2019 follows: Year Ended December 31, 2020 2019 (dollars in thousands) Balance, beginning of period $ 13,522 $ 11,056 Provision for loan losses 5,900 2,800 Charge-offs (777) (579) Recoveries 522 245 Net charge-offs (255) (334) Balance, end of period $ 19,167 $ 13,522 The following table presents the activity in the allowance for loan losses for the years ended December 31, 2020 and 2019 by portfolio segment: Year Ended December 31, 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 (221) (59) 372 2,471 2,411 928 (2) 5,900 Charge-offs — — — — (330) (447) — (777) Recoveries — — — — 488 34 — 522 Net recoveries (charge-offs) — — — — 158 (413) — (255) Balance, December 31, 2020 $ 2,129 $ 233 $ 1,290 $ 5,545 $ 6,714 $ 3,256 $ — $ 19,167 Reserves: Specific $ — $ — $ — $ 101 $ — $ 343 $ — $ 444 General 2,129 233 1,290 5,444 6,714 2,913 — 18,723 $ 2,129 $ 233 $ 1,290 $ 5,545 $ 6,714 $ 3,256 $ — $ 19,167 Loans evaluated for impairment: Individually $ — $ 254 $ 1,293 $ 1,465 $ 183 $ 3,570 $ — $ 6,765 Collectively 197,634 27,429 160,442 549,323 388,366 558,864 1 1,882,059 PCI — — 88 — 265 408 — 761 $ 197,634 $ 27,683 $ 161,823 $ 550,788 $ 388,814 $ 562,842 $ 1 $ 1,889,585 Year Ended December 31, 2019 Real Estate Construction and Land Development Residential Commercial - Owner Occupied Commercial - Non-owner Occupied Commercial and Industrial SBA Loans Consumer Total (dollars in thousands) Balance, December 31, 2018 $ 1,721 $ 422 $ 734 $ 2,686 $ 3,686 $ 1,807 $ — $ 11,056 Provision for (reversal of) loan losses 629 (130) 184 388 969 758 2 2,800 Charge-offs — — — — (567) (12) — (579) Recoveries — — — — 57 188 — 245 Net (charge-offs) recoveries — — — — (510) 176 — (334) Balance, December 31, 2019 $ 2,350 $ 292 $ 918 $ 3,074 $ 4,145 $ 2,741 $ 2 $ 13,522 Reserves: Specific $ — $ — $ — $ 215 $ — $ 939 $ — $ 1,154 General 2,350 292 918 2,859 4,145 1,802 2 12,368 $ 2,350 $ 292 $ 918 $ 3,074 $ 4,145 $ 2,741 $ 2 $ 13,522 Loans evaluated for impairment: Individually $ — $ — $ 3,049 $ 1,368 $ 229 $ 6,940 $ — $ 11,586 Collectively 249,504 43,736 168,438 422,455 308,319 170,140 430 1,363,022 PCI — — 108 — 463 553 — 1,124 $ 249,504 $ 43,736 $ 171,595 $ 423,823 $ 309,011 $ 177,633 $ 430 $ 1,375,732 The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as current financial information, historical payment experience, collateral adequacy, credit documentation, and current economic trends, among other factors. The Company analyzes loans individually by classifying the loans as to credit risk. This analysis typically includes larger, non-homogeneous loans such as commercial real estate and commercial and industrial loans. This analysis is performed on an ongoing basis as new information is obtained. The Company uses the following definitions for risk ratings: Pass - Loans classified as pass represent assets with a level of credit quality which contain no well-defined deficiency or weakness. Special Mention - Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date. Substandard - Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Doubtful - Loans classified as doubtful have all the weaknesses inherent in those classified Substandard with the added characteristic that the weaknesses make collection or liquidation in full, based on currently known facts, conditions and values, highly questionable and improbable. Loss - Loans classified loss are considered uncollectible and of such little value that their continuance as loans is not warranted. The risk rating categories of loans held for investment, net of discounts by class of loans, excluding PCI loans, as of December 31, 2020 and 2019 was as follows: December 31, 2020 Pass Substandard (1) Total (dollars in thousands) Construction and land development $ 197,634 $ — $ 197,634 Real estate: Residential 27,429 254 27,683 Commercial real estate - owner occupied 160,318 1,417 161,735 Commercial real estate - non-owner occupied 547,252 3,536 550,788 Commercial and industrial 384,582 3,967 388,549 SBA loans 553,247 9,187 562,434 Consumer 1 — 1 $ 1,870,463 $ 18,361 $ 1,888,824 (1) At December 31, 2020, substandard loans included $6.4 million of impaired loans. The Company had no loans classified as special mention, doubtful or loss at December 31, 2020. December 31, 2019 Pass 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. The Company had 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 and excluding PCI loans, by loan class as of December 31, 2020 and 2019: December 31, 2020 Still Accruing 30-59 Days 60-89 Days Over 90 Days Nonaccrual (dollars in thousands) Real estate: Residential $ — $ — $ — $ 254 Commercial real estate - owner occupied — — — 1,293 Commercial real estate - non-owner occupied — — — 1,465 Commercial and industrial 1 — — 183 SBA loans 53 — — 3,251 Total $ 54 $ — $ — $ 6,446 December 31, 2019 Still Accruing 30-59 Days 60-89 Days Over 90 Days Nonaccrual (dollars in thousands) Real estate: Residential $ 1,471 $ 290 $ — $ — Commercial real estate - owner occupied — — — 3,049 Commercial real estate - non-owner occupied — — — 1,368 Commercial and industrial 4 2 — 229 SBA loans — — — 6,619 Total $ 1,475 $ 292 $ — $ 11,265 A loan is considered impaired when, based on current information and events, it is probable that we will be unable to collect all amounts due according to the contractual terms of the loan agreement. Recorded investment represents unpaid principal balance, net of charge-offs, discounts and interest applied to principal on nonaccrual loans, if any. The following tables present impaired loans, excluding PCI loans, by loan class at the periods indicated: December 31, 2020 Impaired Loans Unpaid Recorded Investment (1) Without With Related (dollars in thousands) Real estate: Residential $ 253 $ 254 $ 254 $ — $ — Commercial real estate - owner occupied 1,345 1,293 1,293 — — Commercial real estate - non-owner occupied 1,507 1,465 202 1,263 101 Commercial and industrial 183 183 183 — — SBA loans 3,891 3,570 2,089 1,481 343 Total $ 7,179 $ 6,765 $ 4,021 $ 2,744 $ 444 (1) Included TDRs on accrual of $319 thousand. December 31, 2019 Impaired Loans Unpaid Recorded Investment (1) 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) Included 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: Year Ended December 31, 2020 2019 Average Interest Average Interest (dollars in thousands) Real estate: Residential $ 163 $ — $ — $ — Commercial real estate - owner occupied 1,716 — 535 — Commercial real estate - non-owner occupied 2,611 — 235 — Commercial and industrial 187 — 385 — SBA loans 5,626 25 3,742 78 Total $ 10,303 $ 25 $ 4,897 $ 78 At December 31, 2020 and December 31, 2019, the total recorded investment for loans identified as a TDR was approximately $666 thousand and $479 thousand. There were no specific reserves allocated for these loans and the Company has not committed to lend any additional amounts to customers with outstanding loans that are classified as TDR’s as of December 31, 2020 and 2019. Loan modifications resulting in TDR status generally included one or a combination of the following concessions: extensions of the maturity date, principal payment deferrals or signed forbearance agreement with a payment plan. During the year ended December 31, 2020, a single non-accrual loan with a recorded investment balance of $202 thousand was classified as a new TDR when the borrower entered into a forbearance agreement to defer the payment terms. During the year ended December 31, 2019, there were no new loan modifications resulting in TDRs. A loan is considered to be in payment default once it is 90 days contractually past due under the modification. During the years ended December 31, 2020 and 2019, there was one SBA loan totaling $82 thousand and $88 thousand modified as a TDR for which there was a payment default within twelve months following the modification. COVID-Related Payment Deferrals At December 31, 2020, the Company had three non-PPP loans totaling $3.3 million on payment deferral for COVID-19 related reasons. Loans that were granted a deferral before the fourth quarter of 2020 have resumed making regular, contractually agreed-upon payments or were paid off. At December 31, 2020, two loans on payment deferral totaling $2.8 million were reported as non-accrual and none are reported as TDRs under Section 4013 of the CARES Act. SBA Debt Relief Program As a part of the CARES Act, the SBA has agreed to pay up to six months of principal, interest and associated fees for borrowers with current SBA 7(a) loans that were disbursed prior to September 27, 2020. The program has resumed and the SBA has agreed to pay for an additional three months of principal and interest payments, capped at $9,000 per borrower per month beginning February 2021. For Borrowers considered to be underserved or hard-hit by the pandemic, the SBA has agreed to pay an additional five months of principal and interest payments until September 2021. Loans Held for Sale At December 31, 2020 and 2019, the Company had loans held for sale, consisting of SBA 7(a) loans totaling $9.9 million and $7.7 million. The Company accounts for loans held for sale at the lower of carrying value or fair value. At December 31, 2020 and 2019, the fair value of loans held for sale totaled $10.6 million and $8.4 million.

TRANSFERS AND SERVICING OF FINA

TRANSFERS AND SERVICING OF FINANCIAL ASSETS	12 Months Ended
	Dec. 31, 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 are therefore not included in the accompanying consolidated balance sheets. Loans serviced for others totaled $454.3 million and $278.6 million at December 31, 2020 and 2019. This includes SBA loans serviced for others of $222.5 million at December 31, 2020 and $214.8 million at December 31, 2019 for which there was a related servicing asset of $2.9 million and $3.2 million, respectively. In addition, the loan servicing portfolio includes construction and land development loans, commercial real estate loans and commercial & industrial loans participated with various other institutions and the SPV participations of $231.8 million and $63.8 million at December 31, 2020 and December 31, 2019 for which there is no related servicing assets. Consideration for each SBA loan sale includes the cash received and a related servicing asset. The Company receives servicing fees ranging from 0.25% to 1.00% for the services provided over the life of the loan. The servicing asset is based on the estimated fair value of these future cash flows to be collected. The risks inherent in SBA servicing assets 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: Year Ended December 31, 2020 2019 (dollars in thousands) Balance, beginning of period $ 3,202 $ 3,186 Additions 1,008 1,140 Amortization (1) (1,350) (1,124) Balance, end of period $ 2,860 $ 3,202 (1) Included accelerated amortization of $207 thousand and $146 thousand for the years ended December 31, 2020 and 2019. The fair value of the servicing asset for SBA loans is measured at least quarterly and was $3.4 million and $3.2 million as of December 31, 2020 and 2019. The significant assumptions used in the valuation of the SBA servicing asset at December 31, 2020 included a weighted average discount rate of 11.0% and a weighted average prepayment speed assumption of 20.3%. The following table summarizes the estimated change in the value of servicing assets at December 31, 2020 given hypothetical shifts in prepayments speeds and yield assumptions: Change in Assumption Change in Estimated Fair Value (dollars in thousands) Prepayment speeds +10% $ (191) Prepayment speeds +20% (363) Discount rate +1% (87) Discount rate +2% (170) SBA loans (including SBA 7(a) and SBA 504 loans) sold during the years ended December 31, 2020 and 2019 totaled $46.3 million and $61.6 million resulting in total gains on sale of SBA loans of $3.5 million and $3.7 million for the years ended December 31, 2020 and 2019. Net servicing fees, a component of noninterest income, represent contractually specified servicing fees reported net of the servicing asset amortization. Net servicing fees totaled $644 thousand and $850 thousand for the years ended December 31, 2020 and 2019, including contractually specified servicing fees of $2.0 million and $2.0 million, respectively, partially offset by the amortization indicated in the table above. Under the Main Street Lending Program, the Company originated loans to borrowers meeting the terms and requirements of the program, including requirements as to eligibility, use of proceeds and priority, and sold a 95% participation interest to the SPV. For the year ended December 31, 2020, the Company originated 32 loans under the Main Street Lending Program totaling $172.2 million in principal amount and sold participation interest totaling $163.6 million to the SPV, resulting in a gain on sale of $1.1 million. The SPV will pay the Company a servicing fee of 0.25% per annum of the participation interest. The Company and the Federal Reserve believe that the terms of the Servicing Agreement are commercially reasonable and comparable to terms that unaffiliated third parties would accept to provide enhanced reporting

OTHER REAL ESTATE OWNED AND OTH

OTHER REAL ESTATE OWNED AND OTHER FORECLOSED ASSETS	12 Months Ended
	Dec. 31, 2020
Real Estate [Abstract]
OTHER REAL ESTATE OWNED AND OTHER FORECLOSED ASSETS	OTHER REAL ESTATE OWNED AND OTHER FORECLOSED ASSETS Other 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 December 31, 2020, there was no other real estate owned and other foreclosed assets. During the year ended December 31, 2020, the Company sold all of its foreclosed assets and transferred loan collateral to foreclosed assets at a gain of $155 thousand that was reported in other income in the consolidated statements of income. There were no provisions or reserves for OREO recorded for the years ended December 31, 2020 and 2019.

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT	12 Months Ended
	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
PREMISES AND EQUIPMENT	PREMISES AND EQUIPMENT A summary of premises and equipment at the periods indicated: December 31, 2020 2019 (dollars in thousands) Construction in progress $ 232 $ 6 Leasehold improvements 2,243 1,877 Furniture, fixtures, and equipment 4,328 3,655 6,803 5,538 Less: Impairment — (207) Less: Accumulated depreciation and amortization (4,654) (3,789) $ 2,149 $ 1,542 Depreciation expense totaled $1.1 million and $860 thousand for the years ended December 31, 2020 and 2019.

LEASES

LEASES	12 Months Ended
	Dec. 31, 2020
Leases [Abstract]
LEASES	LEASES The Company adopted ASU 2016-02, Leases (Topic 842), and related amendments on January 1, 2019, using the modified retrospective transition method whereby comparative periods were not restated. No cumulative effect adjustment to the opening balance of retained earnings was required. All of the Company's leases are operating leases for corporate offices, branch locations and loan production offices. The amount of the lease liability and ROU asset is impacted by the lease term and the discount rate applied to determine the present value of future lease payments. The remaining terms of our operating leases range from one month to four years. The Company subleases one location and recognized rental income of $353 thousand and $11 thousand for the years ended December 31, 2020 and 2019. Most of the Company's leases include one or more options to renew, with renewal terms that can extend the lease term by varying amounts. The exercise of renewal options is at our sole discretion. The Company does not include renewal options in the measurement of ROU assets and lease liabilities unless they are considered reasonably certain of exercise. Upon adoption of this standard in 2019, the Company recognized ROU assets of $6.0 million and lease liabilities of $6.1 million. During the year ended December 31, 2019, the Company recognized $820 thousand impairment of the ROU assets related to the relocation and consolidation of two branches. The impairment of the ROU assets was based on a discounted cash flow of lease payments net of sublease income over the remaining lease term. The balance of ROU assets, net of impairment, and lease liabilities are included in other assets and other liabilities in the consolidated balance sheets. In addition to the ROU impairment related to the branch consolidations during the year ended December 31, 2019, the Company recognized a $387 thousand impairment of other long lived assets, of which $180 thousand of other long lived assets were disposed of in 2019; both impairment charges are included in occupancy and equipment expense in the consolidated statements of income for the year ended December 31, 2019. There were no such impairment charges for the year ended December 31, 2020. The consolidated balance sheet and supplemental information related to our leases at December 31, 2020 and 2019 are shown below. Consolidated Balance Sheet and Supplemental Information December 31, 2020 2019 (dollars in thousands) Operating lease ROU assets classified as other assets $4,916 $6,633 Operating lease liability classified as other liabilities $5,502 $7,071 Weighted average remaining lease term, in years 2.4 3.1 Weighted average discount rate 1.98 % 2.23 % We elected not to separate lease and non-lease components and instead to account for them as a single lease component. Variable lease cost primarily represents variable payments such as common area maintenance and utilities. The following table represents lease costs and other lease information for the periods indicated: Year Ended December 31, 2020 2019 (dollars in thousands) Lease Costs Operating lease cost $ 2,351 $ 2,189 Variable lease cost 110 198 Short-term lease cost 12 20 Total lease costs $ 2,473 $ 2,407 Other Information ROU asset impairment expense $ — $ 1,207 Cash paid for amounts included in the measurement of lease liabilities $ 2,401 $ 2,200 Maturities of lease liabilities for the periods indicated: Year Ended December 31, (dollars in thousands) 2021 $ 2,470 2022 2,146 2023 828 2024 185 2025 — Total future minimum lease payments 5,629 Less: Imputed interest (127) Present value of net future minimum lease payments $ 5,502

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND OTHER INTANGIBLE ASSETS	GOODWILL AND OTHER INTANGIBLE ASSETS In connection with the acquisition of PCB, the Company recognized goodwill of $73.4 million and a core deposit intangible ("CDI") of $6.9 million on July 31, 2018. Goodwill is tested for impairment no less than annually or more frequently when circumstances arise indicating impairment may have occurred. Due to the COVID-19 pandemic and the resulting volatility in our stock price during the year of 2020, the Company evaluated goodwill for impairment quarterly. At December 31, 2020, the Company tested goodwill for impairment by comparing an estimated fair value of the Company to our book value. The fair value was estimated using the following three tests: (i) recent acquisition price-to-tangible book multiples were applied to the Company's tangible book value to compute the estimated fair value; (ii) an “average price to last twelve month earnings” market multiple was applied to: (a) actual earnings and (b) forecasted fiscal year 2021 earnings; (iii) implied fair value of the Company calculated by the discounted dividend analysis was compared to the book value. These tests resulted in the estimated fair value exceeding book value, and therefore, the Company did not recognize any impairment of goodwill for the year ended December 31, 2020. There were no changes in the carrying amount of goodwill during 2020 and 2019. For the years ended December 31, 2020 and 2019, the Company did not recognize any impairment of CDI. The following table presents the changes in CDI for the periods indicated: Year Ended December 31, 2020 2019 (dollars in thousands) Core deposit intangible: Gross balance, beginning of period $ 6,908 $ 6,908 Additions — — Gross balance, end of period $ 6,908 $ 6,908 Accumulated amortization: Balance, beginning of period $ (1,180) $ (332) Amortization (772) (848) Balance, end of period (1,952) (1,180) Net core deposit intangible, end of period $ 4,956 $ 5,728 The following table shows the estimated amortization expense for CDI for the periods indicated: December 31, (dollars in thousands) 2021 $ 753 2022 732 2023 707 2024 678 2025 646 Thereafter 1,440 $ 4,956

DEPOSITS

DEPOSITS	12 Months Ended
	Dec. 31, 2020
Banking and Thrift, Other Disclosures [Abstract]
DEPOSITS	DEPOSITS The Company’s ten largest depositor relationships represent approximately 28% of total deposits at December 31, 2020 and 2019. Brokered non-maturity deposits totaled $78.7 million and $48.1 million at December 31, 2020 and 2019. Brokered time deposits totaled $101.1 million and $50.4 million at December 31, 2020 and 2019. Time deposits that exceeded the FDIC insurance limit of $250,000 amounted to $30.7 million and $61.7 million as of December 31, 2020 and 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. As of December 31, 2020, total collateralized deposits, including the deposits of State of California and other public agencies, were $45.5 million and were collateralized by letters of credit issued by the FHLB under the Bank's secured line of credit with the FHLB. See Note 10 – Borrowing Arrangements for additional information regarding the FHLB secured line of credit. At December 31, 2020, the scheduled maturities of time deposits are as follows: (dollars in thousands) 2021 $ 82,093 2022 40,912 2023 22,038 2024 8,500 2025 20,274 Total $ 173,817

BORROWING ARRANGEMENTS

BORROWING ARRANGEMENTS	12 Months Ended
	Dec. 31, 2020
Debt Disclosure [Abstract]
BORROWING ARRANGEMENTS	BORROWING ARRANGEMENTS Federal Home Loan Bank Secured Line of Credit At December 31, 2020, the Company had a secured line of credit of $436.3 million from the FHLB, of which $220.3 million was available. This secured borrowing arrangement is collateralized under a blanket lien and is subject to the Company providing adequate collateral and continued compliance with the Advances and Security Agreement and other eligibility requirements established by the FHLB. At December 31, 2020, the Company had pledged $1.71 billion of loans under the blanket lien, including PPP loans, of which $896.1 million was considered as eligible collateral. PPP loans are not considered eligible collateral under this borrowing agreement. In addition, at December 31, 2020, the Company 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. At December 31, 2020, the Company participated in the FHLB San Francisco's new Recovery Advance loan program for $5.0 million at zero percent interest with a maturity date in May 2021. The following table shows the interest rates and maturity dates of FHLB advances at the periods indicated: December 31, 2020 December 31, 2019 Balance Rate Maturity Date Balance Rate Maturity Date Advances: (dollars in thousands) Recovery advance $ 5,000 — % 5/19/2021 $ — — % — Term and fixed-rate advance 50,000 0.19 % 2/26/2021 60,000 1.72 % 3/20/2020 Term and fixed-rate advance 30,000 0.25 % 5/26/2021 — — % — Term and fixed-rate advance 30,000 0.21 % 5/27/2021 — — % — Term and fixed-rate advance 30,000 1.93 % 6/11/2021 30,000 1.93 % 6/11/2021 $ 145,000 0.56 % $ 90,000 1.79 % The average balance of total FHLB borrowings was $134.0 million and $49.3 million with an average interest rate of 0.73% and 2.29% for the years ended December 31, 2020 and 2019. Federal Reserve Bank Secured Line of Credit At December 31, 2020, the Company had a secured line of credit of $130.6 million from the Federal Reserve Bank, including secured borrowing capacity through the Borrower-in-Custody ("BIC") program. At December 31, 2020, the Company had pledged qualifying loans with an unpaid principal balance of $193.9 million and securities held-to-maturity with a carrying value of $1.4 million as collateral for this line of credit. Borrowings under the BIC program are overnight advances with interest chargeable at the Federal Reserve discount window ("Primary Credit") borrowing rate. There were no borrowings under this arrangement at or during the years ended December 31, 2020 and 2019. Paycheck Protection Program Liquidity Facility On April 14, 2020, the Company was approved by the Federal Reserve to access its SBA Paycheck Protection Program Liquidity Facility ("PPPLF") through the discount window. The PPPLF enabled 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 December 31, 2020, the Company had $204.7 million in borrowings under the PPPLF which were collateralized by PPP loans and had $122.0 million in remaining borrowing capacity with the Federal Reserve Bank through the Discount Window. The average outstanding borrowings were $153.7 million during the year ended December 31, 2020. Federal Funds Unsecured Lines of Credit The Company 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 overnight borrowings under these credit facilities at December 31, 2020 and 2019. Senior Secured Notes The holding company has a senior secured revolving line of credit for $25 million, which matures on March 22, 2022. At December 31, 2020, the outstanding balance under this secured line of credit totaled $2.0 million with a floating interest rate equal to Wall Street Journal Prime, or 3.25%. At December 31, 2019, the outstanding balance totaled $9.6 million with an interest rate of 5.00%. The average outstanding borrowings under this facility totaled $5.4 million and $11.9 million with an average interest rate of 3.83% and 5.68% for the years ended December 31, 2020 and 2019. At December 31, 2020, we were in compliance with all loan covenants on the facility and the remaining available credit was $23.0 million. One of our executives is also a member of the lending bank's Board of Directors.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 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 are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion, or all, of the deferred tax asset will not be realized. In assessing the realization of deferred tax assets, management evaluates both positive and negative evidence, including the forecasts of future income, applicable tax planning strategies, and assessments of current and future economic and business conditions. This analysis is updated quarterly and adjusted as necessary. Based on this analysis, management has determined that a valuation allowance for deferred tax assets was not required as of December 31, 2020 and 2019. Income tax expense consists of the following: December 31, 2020 2019 (dollars in thousands) Current income tax expense Federal $ 8,617 $ 6,290 State 4,857 3,573 Total current income tax expense 13,474 9,863 Deferred income tax (benefit) expense Federal (978) 1,269 State (472) 942 Total deferred income tax (benefit) expense (1,450) 2,211 Total income tax expense $ 12,024 $ 12,074 The following is a summary of the components of the net deferred tax asset (liability) accounts at the periods indicated: December 31, 2020 2019 (dollars in thousands) Deferred tax assets: Allowance for loan losses due to tax limitations $ 5,667 $ 3,998 Organizational expenses 146 197 State taxes 988 752 Non-qualified stock options 218 235 Restricted stock 428 383 Accrued expenses 567 — Depreciation differences 489 234 Unrecognized loss on securities available-for-sale — 3 Fair value adjustment on acquired loans 1,348 2,350 Net operating losses 33 143 Other items 1,115 866 Total deferred tax assets 10,999 9,161 Deferred tax liabilities: Core deposit intangibles (1,465) (1,693) Deferred loan costs (1,679) (1,246) Unrecognized gain on securities available-for-sale (226) — Other items (244) (59) Total deferred tax liabilities (3,614) (2,998) Deferred taxes, net $ 7,385 $ 6,163 A comparison of the federal statutory income tax rates to the Company’s effective income tax rates at December 31, 2020 and 2019 follows: 2020 2019 Amount Rate Amount Rate (dollars in thousands) Statutory Federal tax $ 8,604 21.0 % $ 8,384 21.0 % State franchise tax, net of Federal benefit 3,482 8.5 % 3,392 8.5 % Other items, net (62) (0.2) % 298 0.7 % Actual tax expense $ 12,024 29.3 % $ 12,074 30.2 % For the years ended December 31, 2020 and 2019, income tax expense was $12.0 million and $12.1 million resulting in an effective income tax rate of 29.3% and 30.2%. Our effective tax rate varies from the statutory rate of 29.6% for the year ended December 31, 2020 and 2019 due to the tax effect of stock-based compensation. Section 382 of the Internal Revenue Code imposes an annual limitation on a corporation’s ability to use any net unrealized built in losses and other tax attributes, such as net operating loss and tax credit carryforwards, when it undergoes a 50% ownership change over a designated testing period not to exceed three years. As a result of the acquisition of PCB, the Company has California Section 382 limited net operating loss carryforwards of approximately $385 thousand at December 31, 2020, which are scheduled to expire in 2035. The California net operating loss carryforwards are subject to annual limitations of $720 thousand. The Company expects to fully utilize the California net operating loss carryforwards before they expire with the application of the Section 382 annual limitation. 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. The Company is subject to federal income and California franchise taxes. As of December 31, 2020, the federal statute of limitations for the assessment of income tax is closed for all tax years up to and including 2016. The California statute of limitations for the assessment of franchise tax is closed for all years up to and including 2015. The Company is currently not under examination in any taxing jurisdiction. A reconciliation of the beginning and ending amount of unrecognized tax benefits for the years ended December 31, 2020 and 2019 is as follows: Year Ended December 31, 2020 2019 (dollars in thousands) Balance at January 1, $ 113 $ 480 Additional based on tax positions related to prior years — — Expiration of the statute of limitations (113) (367) Balance at December 31, $ — $ 113 There were no interest and penalties related to unrecognized tax benefits in income tax expense at December 31, 2020. The total amount of unrecognized tax benefits was zero and $113 thousand at December 31, 2020 and 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 zero at December 31, 2020 and 2019. The Company recognizes interest and penalties related to unrecognized tax benefits in income tax expense, and accrued zero and $19 thousand of interest at December 31, 2020 and 2019. No amounts for penalties were accrued at December 31, 2020. 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, 2019 and 2020.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 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 its customers. These financial commitments include commitments to extend credit and standby letters of credit. Those instruments involve, to varying degrees, elements of credit and interest rate risk not recognized in the consolidated financial statements. The Company’s exposure to loan losses in the event of nonperformance on commitments to extend credit and standby letters of credit is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments as it does for loans reflected in the consolidated financial statements. The following table sets forth the financial commitments and letters of credit at the periods indicated: December 31, December 31, 2020 December 31, 2019 (dollars in thousands) Commitments to extend credit $ 429,519 $ 376,879 Standby letters of credit 3,777 7,616 Commitments to contribute capital to low income housing tax credit projects 2,089 1,738 Commitments to contribute capital to other CRA equity investments 61 236 Total $ 435,446 $ 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 Company’s commitments to extend credit and standby letters of credit are secured by real estate. The provision for unfunded loan commitments is included in other expense in the consolidated statements of income and was $300 thousand for the year ended December 31, 2020; there was a $200 thousand reversal of unfunded loan commitment reserve for the year ended December 31, 2019. The reserve for unfunded commitments was $1.5 million and $1.2 million at December 31, 2020 and 2019 and is included in accrued interest payable and other liabilities in the consolidated balance sheets. The Company committed to invest 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. 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 invests in other CRA investments such as the Small Business Investment Company ("SBIC") program. At December 31, 2020 and 2019, the Company had unfunded commitments to contribute capital to these LIHTC investments and other CRA investments totaling $2.2 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, we believe that damages, if any, and other amounts relating to pending matters are not likely to be material to our consolidated financial condition or consolidated results of operations.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2020
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS In the ordinary course of business, we may grant loans to certain executive officers and directors and the companies with which they are associated. There are no related party loans for the years ended December 31, 2020 and 2019. Deposits from certain officers and directors and the companies with which they are associated totaled $25.8 million and $35.0 million at December 31, 2020 and 2019. The holding company has a $25.0 million senior secured facility and the Bank has a $20.0 million federal funds unsecured line of credit (refer to Note 10 - Borrowing Arrangements ) with a correspondent bank in which one of our executives is also a member of the correspondent bank’s Board of Directors. At December 31, 2020 and 2019, the outstanding balance of the senior secured facility was $2.0 million and $9.6 million. There was no borrowing under the unsecured line of credit at December 31, 2020 and 2019. The Company maintains a correspondent deposit relationship with the bank, and had deposits of $1.2 million and $1.4 million at December 31, 2020 and 2019. The Company has stock invested in the correspondent bank which totaled $102 thousand at December 31, 2020 and 2019. In addition, the Company has loan participation agreements where we may participate out a portion of loans to the correspondent bank. The total participated loan balance was $23.8 million and $16.3 million at December 31, 2020 and 2019.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	12 Months Ended
	Dec. 31, 2020
Share-based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION	STOCK-BASED COMPENSATION Under the terms of the 2013 Omnibus Stock Incentive Plan ("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 one The fair value of each option award is estimated on the date of grant using the Black-Scholes model. Expected volatilities are based on the historical volatilities of the Company’s common stock and a peer group of companies with a similar size and industry. The Company uses historical data to estimate option exercise and post-vesting termination behavior. The expected term of options granted is based on the SEC simplified method, which calculates the expected term as the mid-point between the weighted average time to vesting and the contractual term. The Company expects zero forfeiture rate, and the risk-free interest rate for the expected term of the option is based on the U.S. Treasury yield curve in effect at the time of the grant. The Company recognized stock-based compensation expense of $2.0 million and $1.9 million for the years ended December 31, 2020 and 2019. A summary of activity in the Company’s outstanding stock options during the years ended December 31, 2020 and 2019 are as follows: Year Ended December 31, 2020 2019 Shares Weighted Weighted Average Remaining Contractual Life (Years) Aggregate Intrinsic Value Shares Weighted Weighted Average Remaining Contractual Life (Years) Aggregate Intrinsic Value Outstanding, beginning of period 137,531 $ 10.20 383,212 $ 10.44 Exercised (17,648) 7.22 (245,295) 10.57 Granted 5,000 14.42 — — Forfeited (5,721) 16.67 (386) 12.94 Outstanding, end of period 119,162 $ 10.50 3.3 years $ 952 137,531 $ 10.20 3.9 years $ 2,306 Options exercisable 114,162 $ 10.33 3.0 years $ 932 137,531 $ 10.20 3.9 years $ 2,306 As of December 31, 2020, there was $10 thousand of unrecognized compensation cost related to the outstanding stock options. The intrinsic value of options exercised during the years ended December 31, 2020 and 2019 was approximately $145 thousand and $2.7 million. Cash proceeds from stock option exercises totaled $127 thousand and $2.6 million for the years ended December 31, 2020 and 2019. A summary of activity for outstanding restricted shares for the years ended December 31, 2020 and 2019 is presented in the following table: Year Ended December 31, 2020 2019 Shares Weighted Shares Weighted Nonvested, beginning of period 113,635 $ 22.50 84,120 $ 23.90 Granted 103,167 21.55 117,970 22.19 Vested (87,928) 22.35 (70,090) 23.39 Forfeited (3,976) 26.69 (18,365) 23.50 Nonvested, end of period 124,898 $ 21.69 113,635 $ 22.50 As of December 31, 2020, there was approximately $930 thousand of total unrecognized compensation cost related to the restricted shares that will be recognized over the weighted-average period of 2.37 years. The value of restricted shares that vested was approximately $2.0 million and $1.6 million for the years ended December 31, 2020 and 2019.

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
	Dec. 31, 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 the earnings of the Company. The Company’s unvested grants of restricted stock contain non-forfeitable rights to dividends, which are required to be treated as participating securities and included in the computation of earnings per share. The following is a reconciliation of net income and shares outstanding used in the computation of basic and diluted EPS: Year Ended December 31, 2020 2019 Numerator for basic earnings per share: (dollars in thousands, except share data) Net income $ 28,951 $ 27,848 Less: dividends and net income allocated to participating securities (296) (278) Net income available to common shareholders $ 28,655 $ 27,570 Denominator for basic earnings per share: Basic weighted average common shares outstanding during the period 11,569,128 11,586,651 Denominator for diluted earnings per share: Basic weighted average common shares outstanding during the period 11,569,128 11,586,651 Net effect of dilutive stock options 48,652 100,438 Diluted weighted average common shares 11,617,780 11,687,089 Earnings per common share: Basic $ 2.48 $ 2.38 Diluted $ 2.47 $ 2.36

RETIREMENT SAVINGS PLAN

RETIREMENT SAVINGS PLAN	12 Months Ended
	Dec. 31, 2020
Retirement Benefits [Abstract]
RETIREMENT SAVINGS PLAN	RETIREMENT SAVINGS PLAN The Company has adopted a 401(k) profit sharing plan (the “401K Plan”) covering employees meeting certain eligibility requirements as to minimum age and a certain number of hours of employment. Employees may make voluntary contributions to the 401K Plan through payroll deductions on a pre-tax and/or post-tax basis. Employees may defer up to 96% of their annual compensation, not to exceed the maximum contribution dollar limit imposed by the Internal Revenue Code. The Company makes matching contributions under a prescribed formula set forth in the 401K Plan. A participant’s account under the plan, together with investment earnings thereon, is normally distributable, following retirement, death, disability, or other termination of employment, in a single lump-sum payment. The Company made contributions of $706 thousand and $593 thousand during the years ended December 31, 2020 and 2019.

REGULATORY MATTERS

REGULATORY MATTERS	12 Months Ended
	Dec. 31, 2020
Banking and Thrift, Other Disclosures [Abstract]
REGULATORY MATTERS	REGULATORY MATTERS The Bank is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Bank’s and the Company’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. Capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. At December 31, 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 CBLR framework, beginning with the Call Report filed for the first quarter of 2020. At December 31, 2020, the Bank's CBLR ratio was 10.28% which exceeded the 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. The following table sets forth the actual capital amounts and ratios for the Bank and the minimum ratio and amount of capital required to be categorized as well-capitalized and adequately capitalized as of December 31, 2019: Amount of Capital Required Actual For Capital Adequacy Purposes For Well Capitalized Requirement Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) December 31, 2019 Total Capital (to Risk-Weighted Assets) $ 208,233 14.03 % $ 118,750 8.00 % $ 148,438 10.00 % Tier 1 Capital (to Risk-Weighted Assets) $ 193,536 13.04 % $ 89,063 6.00 % $ 118,750 8.00 % CET1 Capital (to Risk-Weighted Assets) $ 193,536 13.04 % $ 66,797 4.50 % $ 96,485 6.50 % Tier 1 Capital (to Average Assets) $ 193,536 12.01 % $ 64,437 4.00 % $ 80,546 5.00 % The primary source of funds for the Company is dividends from the Bank. Under the California Financial Code, the Bank is permitted to pay a dividend in the following circumstances: (i) without the consent of either the DFPI or the Bank's shareholders, in an amount not exceeding the lesser of (a) the retained earnings of the Bank; or (b) the net income of the Bank for its last three fiscal years, less the amount of any distributions made during the prior period; (ii) with the prior approval of the DFPI, in an amount not exceeding the greatest of: (a) the retained earnings of the Bank; (b) the net income of the Bank for its last fiscal year; or (c) the net income for the Bank for its current fiscal year; and (iii) with the prior approval of the DFPI and the Bank's shareholders in connection with a reduction of its contributed capital.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	Dec. 31, 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 in a current transaction between willing parties (exit price), other than in a forced or liquidation sale. Fair value estimates are made at a specific point in time based on relevant market information and information about the financial instrument. These estimates do not reflect any premium or discount that could result from offering for sale at one time the entire holdings of a particular financial instrument. Because no market value exists for a significant portion of the financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments, and other factors. These estimates are subjective in nature, involve uncertainties and matters of judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates. Fair value of financial instruments Fair value estimates are based on financial instruments both on and off the balance sheet without attempting to estimate the value of anticipated future business and the value of assets and liabilities that are not considered financial instruments. Additionally, tax consequences related to the realization of the unrealized gains and losses can have a significant effect on fair value estimates and have not been considered in many of the estimates. The methods and assumptions used to estimate the fair value of certain financial instruments are described below: Cash and 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 the periods indicated: December 31, 2020 December 31, 2019 Fair Value Carrying Fair Carrying Fair Financial Assets: (dollars in thousands) Cash and cash equivalents Level 1 $ 236,381 $ 236,381 $ 161,801 $ 161,801 Securities available-for-sale Level 2 42,027 42,027 26,653 26,653 Securities held-to-maturity Level 2 1,358 1,470 5,056 5,077 Equity securities Level 1 2,798 2,798 2,694 2,694 Loans held for sale Level 2 9,932 10,618 7,659 8,420 Loan held for investment, net Level 3 1,861,610 1,904,785 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 2,860 3,434 3,202 3,246 Accrued interest receivable Level 2 9,569 9,569 5,451 5,451 Financial Liabilities: Deposits Level 2 $ 1,634,158 $ 1,634,170 $ 1,313,693 $ 1,316,287 Borrowings Level 2 145,000 145,357 90,000 91,029 PPP Liquidity Facility Level 2 204,719 204,820 — — Senior secured notes Level 2 2,000 2,000 9,600 9,600 Accrued interest payable Level 2 534 534 203 203 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 the periods indicated: Recurring Fair Value Measurements Level 1 Level 2 Level 3 Total December 31, 2020: (dollars in thousands) Securities available-for-sale: U.S. Government and agency securities $ — $ 2,705 $ — $ 2,705 Mortgage-backed securities — 5,653 — 5,653 Collateralized mortgage obligations — 25,778 — 25,778 SBA Pools — 7,891 — 7,891 Securities available-for-sale $ — $ 42,027 $ — $ 42,027 Equity securities: Mutual fund investment $ 2,798 $ — $ — $ 2,798 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 There were no transfers of financial assets between Levels 1, 2 and 3 for the years ended December 31, 2020 and 2019. 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. Nonrecurring Fair Value Measurements Level 1 Level 2 Level 3 Total December 31, 2020: (dollars in thousands) Impaired loans $ — $ — $ 2,300 $ 2,300 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

REVENUE RECOGNITION

REVENUE RECOGNITION	12 Months Ended
	Dec. 31, 2020
Revenue from Contract with Customer [Abstract]
REVENUE RECOGNITION	REVENUE RECOGNITION The following is a summary of revenue from contracts with customers that are in-scope and not in-scope under Topic 606: Year Ended December 31, 2020 2019 (dollars in thousands) Noninterest income, in-scope: Service charges and fees on deposit accounts $ 1,965 $ 1,942 Other income 159 181 Total noninterest income, in-scope 2,124 2,123 Noninterest income, not in-scope: Gain on sale of loans 4,653 3,674 Net servicing fees 644 850 Change in fair value of equity securities 39 82 Other income 1,147 971 Total noninterest income, not in-scope 6,483 5,577 Total noninterest income $ 8,607 $ 7,700

CONDENSED FINANCIAL INFORMATION

CONDENSED FINANCIAL INFORMATION (PARENT COMPANY ONLY)	12 Months Ended
	Dec. 31, 2020
Condensed Financial Information Disclosure [Abstract]
CONDENSED FINANCIAL INFORMATION (PARENT COMPANY ONLY)	CONDENSED FINANCIAL INFORMATION (PARENT COMPANY ONLY) The following tables present the parent company only condensed balance sheets at December 31, 2020 and 2019 and the related condensed statements of income and condensed statements of cash flows for the years ended December 31, 2020 and 2019. Condensed Balance Sheets December 31, 2020 2019 (dollars in thousands) ASSETS Cash and cash equivalents $ 399 $ 337 Investment in Bank subsidiary 281,844 271,189 Taxes receivable 337 — Intercompany receivable 145 — Other assets 42 21 TOTAL ASSETS $ 282,767 $ 271,547 LIABILITIES AND SHAREHOLDERS’ EQUITY Accrued expenses $ 26 $ 13 Taxes payable — 129 Senior secured notes 2,000 9,600 Total liabilities 2,026 9,742 Shareholders’ equity: Preferred stock — — Common stock 217,734 216,398 Additional paid-in capital 3,292 3,493 Retained earnings 59,176 41,920 Accumulated other comprehensive income (loss) 539 (6) Total shareholders’ equity 280,741 261,805 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 282,767 $ 271,547 Condensed Statements of Income Year Ended December 31, 2020 2019 (dollars in thousands) Income: Dividends from Bank subsidiary $ 20,000 $ 19,000 Expense: Interest expense 207 678 Salaries and employee benefits 764 261 Professional fees 191 136 Data processing 31 28 Other expenses 453 190 Total expense $ 1,646 $ 1,293 Income before income taxes and equity in undistributed earnings of Bank subsidiary 18,354 17,707 Income tax benefit (487) (383) Income before equity in undistributed earnings of Bank subsidiary $ 18,841 $ 18,090 Equity in undistributed earnings of Bank subsidiary 10,110 9,758 Net income $ 28,951 $ 27,848 Condensed Statements of Cash Flows Year Ended December 31, 2020 2019 (dollars in thousands) OPERATING ACTIVITIES Net income $ 28,951 $ 27,848 Adjustments to reconcile net income to net cash used in operating activities: Equity in undistributed earnings of Bank subsidiary (10,110) (9,758) Changes in other asset and liabilities: Taxes receivable (208) 164 Accrued expenses 13 (35) Intercompany payable (145) — Other items, net 1,765 (2,451) Net cash provided by operating activities 20,266 15,768 INVESTING ACTIVITIES Net cash provided in investing activities — — FINANCING ACTIVITIES Net (decrease)/increase advances in senior secured notes (7,600) 1,150 Dividends paid (11,699) (9,927) Repurchase of shares (1,032) (9,420) Proceeds from exercise of stock options 127 2,593 Net cash used in financing activities (20,204) (15,604) Net change in cash and cash equivalents 62 164 Cash and cash equivalents, beginning of period 337 173 Cash and cash equivalents, end of period $ 399 $ 337

EQUITY

EQUITY	12 Months Ended
	Dec. 31, 2020
Equity [Abstract]
EQUITY	EQUITY Dividends Quarterly cash dividends declared were $0.25 per share during the fourth quarter of 2020 and 2019, aggregating to $1.00 and $0.85 per share for the years ended December 31, 2020 and 2019. Total cash dividends paid during the years ended December 31, 2020 and 2019 were $11.7 million and $9.9 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 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. On March 17, 2020, the Company suspended the stock repurchase plan. For the year ended December 31, 2020, the Company repurchased 38,411 shares at an average price of $22.34 and a total cost of $858 thousand. The remaining number of shares authorized to be repurchased under this plan was 695,489 shares at December 31, 2020.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2020
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS Dividends On February 4, 2021, the Company declared a $0.25 cash dividend payable on March 4, 2021 to shareholders of record as of February 18, 2021. Sale of Rowland Heights Branch

BASIS OF PRESENTATION AND SUM_2

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements include the accounts of the Company, and its wholly-owned subsidiary, First Choice Bank, and have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”).
Use of Estimates in the Preparation of Consolidated Financial Statements	Use of Estimates in the Preparation of Consolidated Financial Statements The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change are the determination of the allowance for loan losses, the valuation of acquired loans, the valuation of goodwill and separately identifiable intangible assets associated with mergers and acquisitions, loan sales and servicing of financial assets and deferred tax assets and liabilities.
Cash and Cash Equivalents	Cash and Cash Equivalents For purposes of reporting cash flows, cash and cash equivalents include cash, due from banks, interest-bearing deposits at other banks with original maturities of less than 90 days, federal funds sold and securities purchased under agreements to resell. Generally, federal funds are sold for one-day periods.
Investment and Equity Securities with Readily Determinable Fair Value and Restricted Stock and Equity Investments	Investments and Equity Securities with Readily Determinable Fair Values Investments held-to-maturity. Investments in debt securities, such as bonds, notes, and debentures, are classified as held-to-maturity and reported at cost, adjusted for premiums and discounts, when management has the positive intent and ability to hold such investments to maturity. Premiums or discounts on held-to-maturity investments are amortized or accreted into interest income using the interest method. Investments available-for-sale. Investments in debt securities not classified as trading securities nor as held-to-maturity are classified as available-for-sale investments and recorded at fair value. Unrealized gains or losses on available-for-sale investments are excluded from net income and reported as an amount net of taxes as a separate component of accumulated other comprehensive income (“AOCI”) included in shareholders’ equity. Premiums or discounts on available-for-sale investments are amortized or accreted into interest income using the interest method. Realized gains or losses on sales of available-for-sale investments are recorded using the specific identification method. Management evaluates securities for other-than-temporary impairment (“OTTI”) on a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. For securities in an unrealized loss position, management considers the extent and duration of the unrealized loss, and the financial condition and near-term prospects of the issuer. Management also assesses whether (i) it has the intent to sell, or (ii) it is more likely than not that it will be required to sell the security in an unrealized loss position before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the entire difference between amortized cost and fair value is recognized as an impairment charge to earnings. Equity securities. Equity investments with a readily determinable fair value are measured at fair value at the end of each reporting period and changes in fair value are recognized in net income as a component of other noninterest income. Restricted Stock and Other Equity Securities Without A Readily Determinable Fair Value Restricted stock investments are comprised of Federal Home Loan Bank (“FHLB”) stock and Federal Reserve stock, and are required investments based on the level of the Bank's assets, capital and/or capital surplus. FHLB and Federal Reserve stocks are carried at cost and periodically evaluated for impairment. There is no readily determinable fair value for these stocks as they have no quoted market value, they are a required investment and they are expected to be redeemed at par value. Both cash and stock dividends are reported as a component of interest and dividend income. The Bank also has restricted securities in the form of capital stock invested in two different banker’s bank stocks (collectively "Other Bank Stocks") and other qualified CRA equity investments. These investments do not have a readily determinable fair value, and they are measured at cost less impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. Any impairment will be recorded through earnings, with related disclosures to be made. These investments are included in other assets in the accompanying consolidated balance sheets .
Loans Held For Sale	Loans Held for Sale Loans originated and intended for sale in the secondary market are carried at the lower of cost or estimated market value in the aggregate. Net unrealized losses are recognized through a valuation allowance by charges to income. Gains and losses on the sale of loans are recognized pursuant to ASC 860, Transfers and Servicing. Interest income on these loans is accrued daily. Loan origination fees and costs are deferred and included in the cost basis of the loan held for sale. Gains or losses realized on the sales of loans are recognized at the time of sale and are determined by the difference between the net sales proceeds and the carrying value of the loans sold, adjusted for any retained servicing asset or liability. Gains and losses on sales of loans are included in noninterest income. When we change our intent to hold loans for investment, the loans are transferred to held-for-sale at the lower of cost or fair value on the transfer date and amortization of deferred fees and costs or purchase discounts or premiums is ceased. If a determination is made that a loan held-for-sale cannot be sold in the foreseeable future, it is transferred to held-for-investment at the lower of cost or fair value on the transfer date and amortization of origination fees and costs or purchase discounts or premiums are resumed.
Loans Held for Investment	Loans Held for Investment Loans receivable that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at their outstanding unpaid principal balances reduced by any charge-offs and net of deferred loan origination fees and costs, or unamortized premiums or discounts on purchased loans. Loan origination fees and certain direct origination costs are capitalized and recognized as an adjustment of the yield using the effective interest method or straight-line method over the contractual life of the loans or taken into interest income when the related loans are paid off or sold. Amortization of deferred loan origination fees and costs are discontinued when a loan is placed on nonaccrual status. Unamortized premiums or discounts on purchased loans are amortized or accreted to interest income using the effective interest method or straight-line method over the remaining period to contractual maturity. Interest income is recorded on an accrual basis in accordance with the terms of the respective loan. When a loan is placed on nonaccrual status, interest income is discontinued and all unpaid accrued interest is reversed against interest income. Loans on which the accrual of interest has been discontinued are designated as nonaccrual loans. The accrual of interest on loans is discontinued when principal or interest is past due 90 days based on the contractual terms of the loan or when, in the opinion of management, there is reasonable doubt as to collectability. The only exception to this policy are loans that qualify for payment deferral under the CARES Act or the SBA Debt Relief Program. Refer to "Guidance on non-TDR loan modifications due to Coronavirus Disease 2019 ("COVID-19") in the following paragraphs. When loans are placed on nonaccrual status, all interest previously accrued but not collected is reversed against current period interest income. Income on nonaccrual loans is subsequently recognized only to the extent that cash is received and the loan’s principal balance is deemed collectible. Interest accruals are resumed on such loans only when they are brought current with respect to interest and principal and when, in the judgment of management, the loans are estimated to be fully collectible as to all principal and interest. Impaired loans. A loan is considered impaired when it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. Impaired loans include loans on nonaccrual status and performing troubled debt restructured loans. Income from impaired loans is recognized on an accrual basis unless the loan is on nonaccrual status. Income from loans on nonaccrual status is recognized to the extent cash is received and when the loan’s principal balance is deemed collectible. The Company measures impairment of a loan by using the estimated fair value of the collateral, less estimated costs to sell and other applicable costs, if the loan is collateral-dependent and the present value of the expected future cash flows discounted at the loan’s effective interest rate if the loan is not collateral-dependent. The impairment amount on a collateral-dependent loan is charged-off, and the impairment amount on a loan that is not collateral-dependent is generally recorded as a specific reserve. Troubled debt restructurings (TDR). A loan is classified as a TDR when the Company grants a concession to a borrower experiencing financial difficulties that it otherwise would not consider under our normal lending policies. These concessions may include a reduction of the interest rate, principal or accrued interest, extension of the maturity date or other actions intended to minimize potential losses. All modifications of criticized loans are evaluated to determine whether such modifications are TDR as outlined under ASC Subtopic 310-40, Troubled Debt Restructurings by Creditors . Loans restructured with an interest rate equal to or greater than that of a new loan with comparable market risk at the time the loan is modified may be excluded from certain restructured loan disclosures in years subsequent to the restructuring if the loans are in compliance with their modified terms. A loan that has been placed on nonaccrual status that is subsequently restructured will usually remain on nonaccrual status until the borrower is able to demonstrate repayment performance in compliance with the restructured terms for a sustained period of time, typically for six months. A restructured loan may return to accrual status sooner based on other significant events or mitigating circumstances. A loan that has not been placed on nonaccrual status may be restructured and such loan may remain on accrual status after such restructuring. In these circumstances, the borrower has made payments before and after the restructuring. Generally, this restructuring involves maturity extensions, a reduction in the loan interest rate and/or a change to interest-only payments for a period of time. The restructured loan is considered impaired despite the accrual status and a specific reserve is calculated based on the present value of expected cash flows discounted at the loan’s original effective interest rate or based on the fair value of the collateral if the loan is collateral-dependent. Guidance on non-TDR loan modifications due to Coronavirus Disease 2019 ("COVID-19") 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 or the date that is 60 days following the termination of the federal emergency declaration relating to the COVID-19 pandemic. On December 27, 2020, the President signed into law the 2021 Consolidated Appropriation Act that extended this guidance until the earlier of January 1, 2022 or 60 days after the date on which the national emergency declared as a result of COVID-19 is terminated. 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 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 qualified under Section 4013 of the CARES Act. Loans that qualified for deferral under this program continued to accrue interest during the deferral period, unlesss they are considered impaired, 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 are 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 is reviewed to determine if a reserve for uncollectible interest is required.
Purchased Credit-impaired Loans	Purchased Credit-impaired Loans Purchased credit impaired loans (“PCI loans”) are accounted for in accordance with ASC Subtopic 310‑30, Loans and Debt Securities Acquired with Deteriorated Credit Quality. A purchased loan is deemed to be credit impaired when there is evidence of credit deterioration since its origination and it is probable at the acquisition date that collection of all contractually required payments is unlikely. We apply PCI loan accounting when we acquire loans deemed to be impaired. At the time of acquisition, we calculate the difference between the (i) contractual amount and timing of undiscounted principal and interest payments (the “contractual cash flows”) and (ii) the estimated amount and timing of undiscounted expected principal and interest payments (the “expected cash flows”). The difference between contractual cash flows and expected cash flows is the nonaccretable difference. The nonaccretable difference represents an estimate of the loss exposure of principal and interest related to the PCI loan portfolios. The nonaccretable difference is subject to change over time based on the performance of the PCI loans. The carrying value of PCI loans is reduced by principal and interest payments received and increased by the portion of the accretable yield recognized as interest income. The excess of the expected cash flows at acquisition over the initial fair value of acquired impaired loans is referred to as the “accretable yield”. The accretable yield is recorded as interest income over the estimated life of the loans using the effective yield method if the timing and amount of the future cash flows is reasonably estimable. PCI loans that are contractually past due are still considered to be accruing and performing as long as there is an expectation that the estimated cash flows will be received. If the timing and amount of cash flows is uncertain, then cash payments received will be recognized as a reduction of the recorded investment. The initial determination of fair value and the subsequent accounting for PCI loans is performed on an individual loan basis. Increases in expected cash flows over those previously estimated increase the accretable yield and are recognized as interest income prospectively. Decreases in the amount and changes in the timing of expected cash flows compared to those previously estimated decrease the accretable yield and usually result in a provision for loan losses and the establishment of an allowance for loan losses. As the accretable yield increases or decreases from changes in cash flow expectations, the offset is a decrease or increase to the nonaccretable difference. The accretable yield is measured at each financial reporting date based on information then currently available and represents the difference between the remaining undiscounted expected cash flows and the current carrying value of the loans.
Allowance for Loan Losses	Allowance for Loan Losses The allowance for loan losses ("ALLL") is a valuation allowance for probable incurred credit losses inherent within the loan portfolio as of the balance sheets date. The allowance is increased by provisions charged to earnings and by recoveries of amounts previously charged-off and is reduced by charge-offs on loans. Loan charge-offs are recognized when m anagement believes the collectability of the principal balance outstanding is unlikely. This methodology for determining charge-offs is consistently applied to each portfolio segment. Management estimates the allowance balance required using past loan loss experience, the nature and volume of the portfolio, information about specific borrower situations and estimated collateral values, economic conditions, and other factors. Allocations of the allowance may be made for specific loans, but the entire allowance is available for any loan that, in management’s judgment, should be charged-off. Loan losses are charged against the allowance when we believe available information confirms that specific loans, or portions thereof, are uncollectible. Subsequent recoveries, if any, are credited to the ALLL. We determine a separate ALLL for each portfolio segment. Portfolio segments identified by us include construction and land development, real estate, commercial and industrial, SBA loans and consumer loans. The ALLL consists of specific and general reserves. Specific reserves relate to loans that are individually classified as impaired. A loan is impaired when, based on current information and events, it is probable that we will be unable to collect all amounts due according to the contractual terms of the loan agreement. Factors considered in determining impairment include payment status, collateral value and the probability of collecting all amounts when due. Measurement of impairment is based on the expected future cash flows of an impaired loan, which are to be discounted at the loan’s effective interest rate, or measured by reference to an observable market value, if one exists, or the fair value of the collateral for a collateral-dependent loan. We select the measurement method on a loan-by-loan basis except that collateral-dependent loans for which foreclosure is probable are measured at the fair value of the collateral, less estimated selling costs. General reserves cover non-impaired loans and are based on historical loss rates for each portfolio segment adjusted for the effects of qualitative or environmental factors that are likely to cause estimated credit losses as of the evaluation date to differ from the portfolio segment’s historical loss experience. Qualitative factors include consideration of the following: changes in lending policies and procedures; changes in economic conditions; changes in the nature and volume of the portfolio; changes in the experience, ability and depth of lending management and other relevant staff; changes in the volume and severity of past due, nonaccrual and other adversely graded loans; changes in the loan review system; changes in the value of the underlying collateral for collateral-dependent loans; concentrations of credit; and the effect of other external factors such as competition and legal and regulatory requirements.
Reserve for Unfunded Commitments	Reserve for Unfunded Commitments A reserve for unfunded commitments is maintained at a level that, in the opinion of management, is sufficient to absorb probable losses associated with the Company’s commitment to extend credit and standby letters of credit. Management determines the appropriate reserve for unfunded commitments based upon reviews of credit evaluations, prior loss experience, expected future usage of unfunded commitments for the various loan types and other relevant factors. The reserve for unfunded commitments is based on estimates, and ultimate losses may vary from the current estimates. Provisions for unfunded commitment losses are included in other noninterest expense and added to the reserve for unfunded commitments, which is included in the Accrued interest payable and other liabilities of the consolidated balance sheets .
Other Real Estate Owned and Other Foreclosed Assets	Other Real Estate Owned and Other Foreclosed Assets Other real estate owned and other assets acquired by foreclosure or deed in lieu of foreclosure is recorded at fair value, less estimated selling costs at the date of foreclosure, establishing a new cost basis. Loan balances in excess of the fair value of the real estate acquired at the date of acquisition are charged-off against the allowance for loan losses. Any subsequent write-downs are charged against operating expenses and recognized as a valuation allowance. Other real estate owned and other foreclosed assets are carried at the lower of the Company’s carrying value of the property or its fair value. Fair value is generally based on current appraisals less estimated selling costs. Operating expenses of such assets, net of related income, and gains and losses on their disposition are included in noninterest expenses.
Premises and Equipment	Premises and Equipment Premises and equipment are carried at cost less accumulated depreciation and amortization. Depreciation is computed using the straight-line method over the estimated useful lives, which ranges from three
Right-of-use ("ROU") Assets and Lease Liabilities	Right-of-Use ("ROU") Assets and Lease Liabilities    The Company has operating leases for its branches and administrative facilities. The Company determines if an arrangement contains a lease at contract inception and recognizes a ROU asset and operating lease liability based on the present value of lease payments over the lease term. While the operating leases may include options to extend the term, these options are not included when calculating the ROU asset and lease liability unless we are reasonably certain we will exercise such options. Most of the leases do not provide an implicit rate and, therefore, the Company determines the present value of lease payments by using our incremental borrowing rate, currently our FHLB secured borrowing rate for the remaining lease term, and other information available at lease commencement. Leases with an initial term of 12 months or less are not recorded in the consolidated balance sheets. Lease expense is recognized on a straight-line basis over the lease term. The Company has lease agreements with lease and non-lease components for which it has elected to account for as a single lease component. The Company may sublease its leased assets to an unrelated third party. Rental income received from the sublease is included in noninterest income and recorded on a straight-line basis over the term of the sublease.
Loss Contingencies	Loss Contingencies Loss contingencies, including claims and legal actions arising in the ordinary course of business, are recorded as liabilities when the likelihood of loss is probable and an amount or range of loss can be reasonably estimated. Management does not believe there now are such matters that will have a material impact to the consolidated financial statements.
Transfers of Financial Assets	Transfers of Financial Assets Transfers of financial assets are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity or the ability to unilaterally cause the holder to return specific assets. In addition, for transfers of a portion of financial assets (for example, participations of loans receivable), the transfer must meet the definition of a “participating interest” in order to account for the transfer as a sale. The Company accounts for transfers and servicing of financial assets by recognizing the financial and servicing assets it controls and the liabilities it has incurred, derecognizes financial assets when control has been surrendered, and derecognizes liabilities when extinguished.
Loan Sales and Servicing of Financial Assets	Loan Sales and Servicing of Financial Assets The Company originates SBA loans and sells the guaranteed portion in the secondary market. Servicing assets are recognized separately when they are acquired through sale of loans. Servicing assets are initially recorded at fair value with the income statement effect recorded in gain on sale of loans. Fair value is based on a valuation model that calculates the present value of estimated future net servicing income. The valuation model uses assumptions that market participants would use in estimating the net income stream from the servicing assets, such as the servicing fees, costs to service, discount rates and prepayment speeds. Servicing assets are subsequently measured using the amortization method which requires servicing assets to be amortized into noninterest income in proportion to, and over the period of, the estimated future net servicing income of the underlying loans. Servicing assets are evaluated for impairment by comparing their fair values to carrying amounts. Impairment is determined by stratifying servicing assets into groupings based on predominant risk characteristics, such as interest rate, loan type and investor type. For purposes of measuring impairment, the Company reviews the total servicing asset. A valuation allowance is recorded when the fair value is below the carrying amount of the total servicing asset. If the Company later determines that all or a portion of the impairment no longer exists, a reduction of the allowance may be recorded as an increase in income. The fair values of servicing assets are subject to significant fluctuations as a result of changes in estimated and actual prepayments speeds and changes in the discount rates. Servicing fee income, which is reported in the consolidated statements of income in net servicing fees, is recorded for fees earned for servicing loans. The fees are based on a contractual percentage of the outstanding principal and recorded as income when earned. The amortization of servicing assets and changes in the valuation allowance are netted against loan servicing income.
Business Combinations	Business Combinations Business combinations are accounted for using the acquisition method of accounting under ASC Topic 805 - Business Combinations . Under the acquisition method, the Company measures the identifiable assets acquired, including identifiable intangible assets, and liabilities assumed in a business combination at fair value on acquisition date. Goodwill is generally determined as the excess of the fair value of the consideration transferred, over the fair value of the net assets acquired and liabilities assumed as of the acquisition date. The Company accounts for merger-related costs, which may include advisory, legal, accounting, valuation, and other professional or consulting fees, as expenses in the periods in which the costs are incurred and the services are received. Goodwill and Other Intangible Assets Goodwill and other intangible assets acquired in a purchase business combination and determined to have indefinite useful lives are not amortized but tested for impairment no less than annually or when circumstances arise indicating impairment may have occurred. Goodwill is the only intangible asset with an indefinite life recorded in the Company’s consolidated balance sheets. The determination of whether impairment has occurred, includes the considerations of a number of factors including, but not limited to, operating results, business plans, economic projections, anticipated future cash flows, and current market data. Any impairment identified as part of this testing is recognized through a charge to net income. The Company has selected to perform its annual impairment test in the fourth quarter of each fiscal year. There was no impairment recognized related to goodwill for the years ended December 31, 2020 and 2019.
Revenue from Contract with Customers	Revenue from Contracts with Customers In addition to lending and related activities, the Company offers various services to customers that generate revenue, certain of which are governed by ASC Topic 606 - Revenue from Contracts with Customers. The Company's services that fall within the scope of ASC Topic 606 are presented within noninterest income and include fees from its deposit customers for transaction-based activities, account maintenance charges, and overdraft services. Transaction-based fees, which include items such as ATM and ACH fees, overdraft and stop payment charges, are recognized at the time such transactions are executed and the service has been fulfilled by the Company. Account maintenance charges, which are primarily monthly fees, are earned over the course of the month, which represents the period through which the Company satisfies the performance obligation. Overdraft fees are recognized at the time the overdraft occurs. Fees are typically withdrawn from the customer's deposit account balance.
Advertising Costs	Advertising Costs
Stock-Based Compensation	Stock-Based Compensation Compensation cost is measured for stock options and restricted stock awards issued to employees and directors, based on the fair value of these awards at the date of grant. A Black–Scholes model is utilized to estimate the fair value of stock options, while the market price of the Company’s common stock at the date of grant is used for restricted stock awards. This cost is recognized over the period which an employee is required to provide services in exchange for the award, generally defined as the vesting period, on a straight-line basis. The Company accounts for forfeitures of stock–based awards as they occur. Excess tax benefits and tax deficiencies relating to stock–based compensation are recorded as income tax expense or benefit in the consolidated statements of income when incurred. Dividends are paid on nonvested restricted stock awards and are charged to equity. Dividends previously paid on nonvested restricted stock awards are charged to compensation expense at time of forfeiture.
Income Taxes	Income Taxes Deferred income taxes are computed using the asset and liability method, which recognizes a liability or asset representing the tax effects, based on current tax law, of future deductible or taxable amounts attributable to events that have been recognized in the consolidated financial statements. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in earnings in the period that includes the enactment date. Additionally, the effect of a change in tax rates on amounts included in accumulated other comprehensive income are reclassified to retained earnings at the enactment date. A valuation allowance is established to reduce the deferred tax asset to the level at which it is “more likely than not” that the tax asset or benefits will be realized. Uncertain tax positions taken or expected to be taken on a tax return can only be recognized if the position is more likely than not to be sustained on audit by the taxing authorities. Interest and penalties related to uncertain tax positions are recorded as part of income tax expense in the consolidated statements of income.
Earnings Per Share (EPS)	Earnings Per Share (“EPS”) Basic and diluted EPS are calculated using the two-class method since the Company has issued share-based payment awards considered participating securities because they entitle holders to dividends during the vesting term. The two-class method is an earnings allocation formula that determines net income per share for each class of common stock and participating security according to dividends declared and participation rights in undistributed earnings. Basic EPS is computed by dividing net earnings allocated to common shareholders by the weighted-average number of common shares outstanding. Diluted EPS is computed by dividing net earnings allocated to common shareholders by the weighted-average number of common shares outstanding adjusted to include the effect of potentially dilutive common shares. Potentially dilutive common shares include incremental common shares issuable upon exercise of outstanding stock options and non-vested restricted common shares using the treasury stock method.
Comprehensive Income	Comprehensive Income Changes in unrealized gains and losses on investment securities available-for-sale is the only component of AOCI for the Company.
Financial Instruments	Financial Instruments
Fair Value Measurement	Fair Value Measurement Fair value is the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Current accounting guidance establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The guidance describes three levels of inputs that may be used to measure fair value: Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3: Significant unobservable inputs that reflect a Company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability.
Operating Segments	Operating Segments Management has determined that since generally all of the banking products and services offered by the Company are available in each branch of the Company, all branches are located within the same economic environment and management does not allocate resources based on the performance of different lending or transaction activities, it is appropriate to aggregate the Company branches and report them as a single operating segment.
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. 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 ("SRC") with 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 a "SRC" and an “accelerated filer" because it's public float was greater than $75 million but less than $700 million at the end of the most recent second quarter and its annual revenues were below $100 million. The Company continues to be a SRC and accelerated filer because its annual revenues exceeded $100 million in 2020 under the amended definitions and its public float is below $250 million. SRCs that are also accelerated filers, are required to have an independent auditor's audit and report on the internal control over financial reporting as required by Section 404(b) of the Sarbanes Oxley Act. Management is also obligated to establish, maintain and assess the effectiveness of internal controls over financial reporting as required by Section 404(a) of the Sarbanes-Oxley Act. However, as an Emerging Growth Company, the Company is exempted from Section 404(b) of the Sarbanes-Oxley Act and the associated requirement of an independent auditor's audit of internal control over financial reporting until the Company files the Annual Report on Form 10-K for the year ended December 31, 2023. Nevertheless, because the Bank’s total assets exceed $1.0 billion, the Company is separately required by the Federal Deposit Insurance Corporation Improvement Act ("FDICIA") to have its internal control over financial reporting (including controls over the preparation of regulatory financial statements) audited by and reported on by independent auditors. 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 replaces 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. Management has established a cross functional committee to oversee the project, has selected a third-party software and modeling solution to implement the new guidance using peer historical loss data, has engaged the same third-party service provider to assist with the 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 has run multiple sensitivity analyses. 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 April 2019, the FASB issued ASU 2019-04, Codification Improvements to Topic 326, Financial Instruments – Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments. This update made several clarifications and improvements to various topics. Topic A: Codification Improvements Resulting from the June and November 2018 Credit Losses Transition Resource Group (“TRG”) Meetings; Topic B: Codification Improvements to ASU 2016-13; Topic C: Codification improvements to ASU 2017-12, Derivatives and Hedging; Topic D: Codification improvements to ASU 2016-01 Financial Instruments Overall; and Topic E: Codification Improvements Resulting from the November 2018 Credit Losses TRG Meeting. Topics A, B and E, in ASU 2019-04 impact CECL implementation by clarifying guidance related to accrued interest receivable, recoveries, the effect of prepayments in determining the effective interest rate, vintage disclosure requirements related to line-of-credit arrangements and others. Transition requirements for these amendments are the same as ASU 2016-13, and will be adopted by the Company with ASU 2016-13. Topics C and D are not applicable to the Company, and therefore had no impact to the Company’s consolidated financial results. 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 impact of adopting the Topic 326 amendments is included within the impact of adoption of ASU 2016-13. The Company does not expect the adoption of these amendments will have a material impact 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 impact of adopting the Topic 326 amendments is included within the impact of adoption of ASU 2016-13. The Company doesn't expect the adoption of these amendments will have a material impact 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 in 2022. The adoption of ASU 2019-12 does 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 Reporting (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. In January 2021, the FASB issued ASU 2021-01, Reference Rate Reform (Topic 848). The amendments in ASU 2021-01 clarify that certain optional expedients and exceptions in Topic 848 for contract modifications and hedge accounting apply to derivatives that are affected by the discounting transition. Specifically, certain provisions in Topic 848, if elected by an entity, apply to derivative instruments that use an interest rate for margining, discounting, or contract price alignment that is modified as a result of reference rate reform. Amendments in this Update to the expedients and exceptions in Topic 848 capture the incremental consequences of the scope clarification and tailor the existing guidance to derivative instruments affected by the discounting transition. The amendments in ASU 2021-01 are elective and apply to all entities that have derivative instruments that use an interest rate for margining, discounting, or contract price alignment that is modified as a result of reference rate reform. The amendments also optionally apply to all entities that designate receive-variable-rate, pay-variable-rate cross-currency interest rate swaps as hedging instruments in net investment hedges that are modified as a result of reference rate reform. The amendments in ASU 2021-01 are effective immediately for all entities. The Company does not expect the adoption of ASU 2021-01 will have a material impact to the consolidated financial statements.

BUSINESS COMBINATION (Tables)

BUSINESS COMBINATION (Tables)	12 Months Ended
	Dec. 31, 2020
Business Combinations [Abstract]
Schedule of Assets Acquired and Liabilities Assumed	The following table represents the fair value of assets acquired and liabilities assumed of PCB, as of July 31, 2018, recorded using the acquisition method of accounting: Fair Value (dollars in thousands) Assets acquired: Cash and cash equivalents $ 111,035 Loans held for investment, net 399,822 Investment in restricted stock, at cost 4,148 Premises and equipment 719 Servicing assets 1,054 Cash surrender value of bank-owned life insurance 4,712 Deferred taxes 4,612 Core deposit intangible 6,908 Accrued interest receivable and other assets 3,487 Total assets acquired $ 536,497 Liabilities assumed: Deposits $ 474,925 Accrued interest payable and other liabilities 1,724 Total liabilities assumed 476,649 Net assets acquired $ 59,848 Purchase consideration: Fair value of shares of First Choice Bancorp issued in the merger $ 125,902 Fair value of equity awards exchanged 7,371 Total purchase consideration 133,273 Goodwill recognized $ 73,425
Schedule of Fair Value of Loans Acquired	The following table presents the amounts that comprise the fair value of loans acquired, excluding PCI loans, from PCB as of July 31, 2018: Loans (dollars in thousands) Contractual amounts receivable $ 507,720 Contractual cash flows not expected to be collected (8,520) Expected cash flows 499,200 Interest component of expected cash flows (102,431) Fair value of loans acquired, excluding PCI loans $ 396,769 A component of total loans acquired from PCB were PCI loans. The following table presents the amounts that comprise the fair value of PCI loans as of July 31, 2018. (Refer to Note 4 . Loans for additional information regarding PCI loans): PCI Loans (dollars in thousands) Contractually required payments receivable (principal and interest) $ 8,580 Nonaccretable difference (contractual cash flows not expected to be collected) (3,416) Expected cash flows 5,164 Accretable yield (2,111) Fair value of PCI loans acquired $ 3,053

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	12 Months Ended
	Dec. 31, 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 the periods indicated were as follows: Amortized Gross Gross Fair (dollars in thousands) December 31, 2020 Securities available-for-sale: U.S. Government and agency securities $ 2,679 $ 26 $ — $ 2,705 Mortgage-backed securities 5,537 116 — 5,653 Collateralized mortgage obligations 25,552 328 (102) 25,778 SBA pools 7,494 397 — 7,891 $ 41,262 $ 867 $ (102) $ 42,027 Securities held-to-maturity: Mortgage-backed securities 1,358 112 — 1,470 $ 1,358 $ 112 $ — $ 1,470 Amortized Gross Gross Fair (dollars in thousands) 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 the periods indicated were as follows: Amortized Gross Gross Fair (dollars in thousands) December 31, 2020 Securities available-for-sale: U.S. Government and agency securities $ 2,679 $ 26 $ — $ 2,705 Mortgage-backed securities 5,537 116 — 5,653 Collateralized mortgage obligations 25,552 328 (102) 25,778 SBA pools 7,494 397 — 7,891 $ 41,262 $ 867 $ (102) $ 42,027 Securities held-to-maturity: Mortgage-backed securities 1,358 112 — 1,470 $ 1,358 $ 112 $ — $ 1,470 Amortized Gross Gross Fair (dollars in thousands) 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 December 31, 2020, by contractual maturities are shown below. Contractual maturities may differ from expected maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Held to Maturity Available for Sale Amortized 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 1,358 1,470 41,262 42,027 $ 1,358 $ 1,470 $ 41,262 $ 42,027
Schedule of Unrealized Loss on Investments	As of December 31, 2020 and 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 Total Unrealized Fair Unrealized Fair Unrealized Fair (dollars in thousands) December 31, 2020 Securities available-for-sale: Collateralized mortgage obligations $ (102) $ 10,429 $ — $ — $ (102) $ 10,429 $ (102) $ 10,429 $ — $ — $ (102) $ 10,429 Less Than Twelve Months Total Unrealized Fair Unrealized Fair Unrealized Fair (dollars in thousands) 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)	12 Months Ended
	Dec. 31, 2020
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable	The composition of the Company’s loan portfolio at the periods indicated was as follows: December 31, 2020 2019 (dollars in thousands) Construction and land development $ 197,634 $ 249,504 Real estate: Residential 27,683 43,736 Commercial real estate - owner occupied 161,823 171,595 Commercial real estate - non-owner occupied 550,788 423,823 Commercial and industrial 388,814 309,011 SBA loans (1) 562,842 177,633 Consumer 1 430 Loans held for investment, net of discounts (2) 1,889,585 1,375,732 Net deferred origination fees (1) (8,808) (1,057) Loans held for investment $ 1,880,777 $ 1,374,675 Allowance for loan losses (19,167) (13,522) Loans held for investment, net $ 1,861,610 $ 1,361,153 (1) Includes PPP loans with total outstanding principal of $326.7 million and net unearned fees of $6.6 million at December 31, 2020. (2) Loans held for investment, net of discounts includes the net carrying value of PCI loans of $761 thousand and $1.1 million at December 31, 2020 and 2019. Loans held for investment were comprised of the following components at December 31, 2020 and 2019: December 31, 2020 2019 (dollars in thousands) Gross loans held for investment (1) $ 1,897,599 $ 1,385,142 Unamortized net discounts (2) (8,014) (9,410) Net unamortized deferred origination fees (3) (8,808) (1,057) Loans held for investment $ 1,880,777 $ 1,374,675 (1) Includes PPP loans with total outstanding principal of $326.7 million at December 31, 2020 and the net carrying value of PCI loans of $761 thousand and $1.1 million at December 31, 2020 and 2019. (2) Unamortized net discounts include discounts related to the retained portion of SBA loans and net discounts on Non-PCI loans. At December 31, 2020, net discounts related to loans acquired in the PCB acquisition totaled $3.9 million that is expected to be accreted into interest income over a weighted average remaining life of 3.8 years. At December 31, 2019, net discounts related to loans acquired in the PCB acquisition totaled $6.0 million. (3) Net unamortized deferred origination fees include $6.6 million for PPP loans at December 31, 2020.
Allowance for Credit Losses on Financing Receivables	A summary of the changes in the allowance for loan losses for the years ended December 31, 2020 and 2019 follows: Year Ended December 31, 2020 2019 (dollars in thousands) Balance, beginning of period $ 13,522 $ 11,056 Provision for loan losses 5,900 2,800 Charge-offs (777) (579) Recoveries 522 245 Net charge-offs (255) (334) Balance, end of period $ 19,167 $ 13,522 The following table presents the activity in the allowance for loan losses for the years ended December 31, 2020 and 2019 by portfolio segment: Year Ended December 31, 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 (221) (59) 372 2,471 2,411 928 (2) 5,900 Charge-offs — — — — (330) (447) — (777) Recoveries — — — — 488 34 — 522 Net recoveries (charge-offs) — — — — 158 (413) — (255) Balance, December 31, 2020 $ 2,129 $ 233 $ 1,290 $ 5,545 $ 6,714 $ 3,256 $ — $ 19,167 Reserves: Specific $ — $ — $ — $ 101 $ — $ 343 $ — $ 444 General 2,129 233 1,290 5,444 6,714 2,913 — 18,723 $ 2,129 $ 233 $ 1,290 $ 5,545 $ 6,714 $ 3,256 $ — $ 19,167 Loans evaluated for impairment: Individually $ — $ 254 $ 1,293 $ 1,465 $ 183 $ 3,570 $ — $ 6,765 Collectively 197,634 27,429 160,442 549,323 388,366 558,864 1 1,882,059 PCI — — 88 — 265 408 — 761 $ 197,634 $ 27,683 $ 161,823 $ 550,788 $ 388,814 $ 562,842 $ 1 $ 1,889,585 Year Ended December 31, 2019 Real Estate Construction and Land Development Residential Commercial - Owner Occupied Commercial - Non-owner Occupied Commercial and Industrial SBA Loans Consumer Total (dollars in thousands) Balance, December 31, 2018 $ 1,721 $ 422 $ 734 $ 2,686 $ 3,686 $ 1,807 $ — $ 11,056 Provision for (reversal of) loan losses 629 (130) 184 388 969 758 2 2,800 Charge-offs — — — — (567) (12) — (579) Recoveries — — — — 57 188 — 245 Net (charge-offs) recoveries — — — — (510) 176 — (334) Balance, December 31, 2019 $ 2,350 $ 292 $ 918 $ 3,074 $ 4,145 $ 2,741 $ 2 $ 13,522 Reserves: Specific $ — $ — $ — $ 215 $ — $ 939 $ — $ 1,154 General 2,350 292 918 2,859 4,145 1,802 2 12,368 $ 2,350 $ 292 $ 918 $ 3,074 $ 4,145 $ 2,741 $ 2 $ 13,522 Loans evaluated for impairment: Individually $ — $ — $ 3,049 $ 1,368 $ 229 $ 6,940 $ — $ 11,586 Collectively 249,504 43,736 168,438 422,455 308,319 170,140 430 1,363,022 PCI — — 108 — 463 553 — 1,124 $ 249,504 $ 43,736 $ 171,595 $ 423,823 $ 309,011 $ 177,633 $ 430 $ 1,375,732
Financing Receivable Credit Quality Indicators	The risk rating categories of loans held for investment, net of discounts by class of loans, excluding PCI loans, as of December 31, 2020 and 2019 was as follows: December 31, 2020 Pass Substandard (1) Total (dollars in thousands) Construction and land development $ 197,634 $ — $ 197,634 Real estate: Residential 27,429 254 27,683 Commercial real estate - owner occupied 160,318 1,417 161,735 Commercial real estate - non-owner occupied 547,252 3,536 550,788 Commercial and industrial 384,582 3,967 388,549 SBA loans 553,247 9,187 562,434 Consumer 1 — 1 $ 1,870,463 $ 18,361 $ 1,888,824 (1) At December 31, 2020, substandard loans included $6.4 million of impaired loans. The Company had no loans classified as special mention, doubtful or loss at December 31, 2020. December 31, 2019 Pass 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. The Company had 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 and excluding PCI loans, by loan class as of December 31, 2020 and 2019: December 31, 2020 Still Accruing 30-59 Days 60-89 Days Over 90 Days Nonaccrual (dollars in thousands) Real estate: Residential $ — $ — $ — $ 254 Commercial real estate - owner occupied — — — 1,293 Commercial real estate - non-owner occupied — — — 1,465 Commercial and industrial 1 — — 183 SBA loans 53 — — 3,251 Total $ 54 $ — $ — $ 6,446 December 31, 2019 Still Accruing 30-59 Days 60-89 Days Over 90 Days Nonaccrual (dollars in thousands) Real estate: Residential $ 1,471 $ 290 $ — $ — Commercial real estate - owner occupied — — — 3,049 Commercial real estate - non-owner occupied — — — 1,368 Commercial and industrial 4 2 — 229 SBA loans — — — 6,619 Total $ 1,475 $ 292 $ — $ 11,265
Impaired Financing Receivables	The following tables present impaired loans, excluding PCI loans, by loan class at the periods indicated: December 31, 2020 Impaired Loans Unpaid Recorded Investment (1) Without With Related (dollars in thousands) Real estate: Residential $ 253 $ 254 $ 254 $ — $ — Commercial real estate - owner occupied 1,345 1,293 1,293 — — Commercial real estate - non-owner occupied 1,507 1,465 202 1,263 101 Commercial and industrial 183 183 183 — — SBA loans 3,891 3,570 2,089 1,481 343 Total $ 7,179 $ 6,765 $ 4,021 $ 2,744 $ 444 (1) Included TDRs on accrual of $319 thousand. December 31, 2019 Impaired Loans Unpaid Recorded Investment (1) 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) Included TDRs on accrual of $321 thousand. Year Ended December 31, 2020 2019 Average Interest Average Interest (dollars in thousands) Real estate: Residential $ 163 $ — $ — $ — Commercial real estate - owner occupied 1,716 — 535 — Commercial real estate - non-owner occupied 2,611 — 235 — Commercial and industrial 187 — 385 — SBA loans 5,626 25 3,742 78 Total $ 10,303 $ 25 $ 4,897 $ 78

TRANSFERS AND SERVICING OF FI_2

TRANSFERS AND SERVICING OF FINANCIAL ASSETS (Tables)	12 Months Ended
	Dec. 31, 2020
Transfers and Servicing [Abstract]
Servicing Asset at Amortized Cost	Year Ended December 31, 2020 2019 (dollars in thousands) Balance, beginning of period $ 3,202 $ 3,186 Additions 1,008 1,140 Amortization (1) (1,350) (1,124) Balance, end of period $ 2,860 $ 3,202
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 at December 31, 2020 given hypothetical shifts in prepayments speeds and yield assumptions: Change in Assumption Change in Estimated Fair Value (dollars in thousands) Prepayment speeds +10% $ (191) Prepayment speeds +20% (363) Discount rate +1% (87) Discount rate +2% (170)

PREMISES AND EQUIPMENT (Tables)

PREMISES AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Summary of Premise and Equipment	A summary of premises and equipment at the periods indicated: December 31, 2020 2019 (dollars in thousands) Construction in progress $ 232 $ 6 Leasehold improvements 2,243 1,877 Furniture, fixtures, and equipment 4,328 3,655 6,803 5,538 Less: Impairment — (207) Less: Accumulated depreciation and amortization (4,654) (3,789) $ 2,149 $ 1,542

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Dec. 31, 2020
Leases [Abstract]
Lease, Cost	The consolidated balance sheet and supplemental information related to our leases at December 31, 2020 and 2019 are shown below. Consolidated Balance Sheet and Supplemental Information December 31, 2020 2019 (dollars in thousands) Operating lease ROU assets classified as other assets $4,916 $6,633 Operating lease liability classified as other liabilities $5,502 $7,071 Weighted average remaining lease term, in years 2.4 3.1 Weighted average discount rate 1.98 % 2.23 % The following table represents lease costs and other lease information for the periods indicated: Year Ended December 31, 2020 2019 (dollars in thousands) Lease Costs Operating lease cost $ 2,351 $ 2,189 Variable lease cost 110 198 Short-term lease cost 12 20 Total lease costs $ 2,473 $ 2,407 Other Information ROU asset impairment expense $ — $ 1,207 Cash paid for amounts included in the measurement of lease liabilities $ 2,401 $ 2,200
Lessee, Operating Lease, Liability, Maturity	Maturities of lease liabilities for the periods indicated: Year Ended December 31, (dollars in thousands) 2021 $ 2,470 2022 2,146 2023 828 2024 185 2025 — Total future minimum lease payments 5,629 Less: Imputed interest (127) Present value of net future minimum lease payments $ 5,502

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of changes in CDI	The following table presents the changes in CDI for the periods indicated: Year Ended December 31, 2020 2019 (dollars in thousands) Core deposit intangible: Gross balance, beginning of period $ 6,908 $ 6,908 Additions — — Gross balance, end of period $ 6,908 $ 6,908 Accumulated amortization: Balance, beginning of period $ (1,180) $ (332) Amortization (772) (848) Balance, end of period (1,952) (1,180) Net core deposit intangible, end of period $ 4,956 $ 5,728
Schedule of estimated amortization expense for CDI	The following table shows the estimated amortization expense for CDI for the periods indicated: December 31, (dollars in thousands) 2021 $ 753 2022 732 2023 707 2024 678 2025 646 Thereafter 1,440 $ 4,956

DEPOSITS (Tables)

DEPOSITS (Tables)	12 Months Ended
	Dec. 31, 2020
Banking and Thrift, Other Disclosures [Abstract]
Schedule of Maturities of Time Deposits	At December 31, 2020, the scheduled maturities of time deposits are as follows: (dollars in thousands) 2021 $ 82,093 2022 40,912 2023 22,038 2024 8,500 2025 20,274 Total $ 173,817

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2020
Debt Disclosure [Abstract]
Federal Home Loan Bank, Advances	The following table shows the interest rates and maturity dates of FHLB advances at the periods indicated: December 31, 2020 December 31, 2019 Balance Rate Maturity Date Balance Rate Maturity Date Advances: (dollars in thousands) Recovery advance $ 5,000 — % 5/19/2021 $ — — % — Term and fixed-rate advance 50,000 0.19 % 2/26/2021 60,000 1.72 % 3/20/2020 Term and fixed-rate advance 30,000 0.25 % 5/26/2021 — — % — Term and fixed-rate advance 30,000 0.21 % 5/27/2021 — — % — Term and fixed-rate advance 30,000 1.93 % 6/11/2021 30,000 1.93 % 6/11/2021 $ 145,000 0.56 % $ 90,000 1.79 %

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Schedule of Income Tax Expense	Income tax expense consists of the following: December 31, 2020 2019 (dollars in thousands) Current income tax expense Federal $ 8,617 $ 6,290 State 4,857 3,573 Total current income tax expense 13,474 9,863 Deferred income tax (benefit) expense Federal (978) 1,269 State (472) 942 Total deferred income tax (benefit) expense (1,450) 2,211 Total income tax expense $ 12,024 $ 12,074
Schedule of Deferred Tax Assets and Liabilities	The following is a summary of the components of the net deferred tax asset (liability) accounts at the periods indicated: December 31, 2020 2019 (dollars in thousands) Deferred tax assets: Allowance for loan losses due to tax limitations $ 5,667 $ 3,998 Organizational expenses 146 197 State taxes 988 752 Non-qualified stock options 218 235 Restricted stock 428 383 Accrued expenses 567 — Depreciation differences 489 234 Unrecognized loss on securities available-for-sale — 3 Fair value adjustment on acquired loans 1,348 2,350 Net operating losses 33 143 Other items 1,115 866 Total deferred tax assets 10,999 9,161 Deferred tax liabilities: Core deposit intangibles (1,465) (1,693) Deferred loan costs (1,679) (1,246) Unrecognized gain on securities available-for-sale (226) — Other items (244) (59) Total deferred tax liabilities (3,614) (2,998) Deferred taxes, net $ 7,385 $ 6,163
Schedule of Federal Statutory Income Tax Rates	A comparison of the federal statutory income tax rates to the Company’s effective income tax rates at December 31, 2020 and 2019 follows: 2020 2019 Amount Rate Amount Rate (dollars in thousands) Statutory Federal tax $ 8,604 21.0 % $ 8,384 21.0 % State franchise tax, net of Federal benefit 3,482 8.5 % 3,392 8.5 % Other items, net (62) (0.2) % 298 0.7 % Actual tax expense $ 12,024 29.3 % $ 12,074 30.2 %
Reconciliation of Unrecognized Tax Benefits	A reconciliation of the beginning and ending amount of unrecognized tax benefits for the years ended December 31, 2020 and 2019 is as follows: Year Ended December 31, 2020 2019 (dollars in thousands) Balance at January 1, $ 113 $ 480 Additional based on tax positions related to prior years — — Expiration of the statute of limitations (113) (367) Balance at December 31, $ — $ 113

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Outstanding Financial Commitments	The following table sets forth the financial commitments and letters of credit at the periods indicated: December 31, December 31, 2020 December 31, 2019 (dollars in thousands) Commitments to extend credit $ 429,519 $ 376,879 Standby letters of credit 3,777 7,616 Commitments to contribute capital to low income housing tax credit projects 2,089 1,738 Commitments to contribute capital to other CRA equity investments 61 236 Total $ 435,446 $ 386,469

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	12 Months Ended
	Dec. 31, 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 the Company’s outstanding stock options during the years ended December 31, 2020 and 2019 are as follows: Year Ended December 31, 2020 2019 Shares Weighted Weighted Average Remaining Contractual Life (Years) Aggregate Intrinsic Value Shares Weighted Weighted Average Remaining Contractual Life (Years) Aggregate Intrinsic Value Outstanding, beginning of period 137,531 $ 10.20 383,212 $ 10.44 Exercised (17,648) 7.22 (245,295) 10.57 Granted 5,000 14.42 — — Forfeited (5,721) 16.67 (386) 12.94 Outstanding, end of period 119,162 $ 10.50 3.3 years $ 952 137,531 $ 10.20 3.9 years $ 2,306 Options exercisable 114,162 $ 10.33 3.0 years $ 932 137,531 $ 10.20 3.9 years $ 2,306
Nonvested Restricted Stock Shares Activity	A summary of activity for outstanding restricted shares for the years ended December 31, 2020 and 2019 is presented in the following table: Year Ended December 31, 2020 2019 Shares Weighted Shares Weighted Nonvested, beginning of period 113,635 $ 22.50 84,120 $ 23.90 Granted 103,167 21.55 117,970 22.19 Vested (87,928) 22.35 (70,090) 23.39 Forfeited (3,976) 26.69 (18,365) 23.50 Nonvested, end of period 124,898 $ 21.69 113,635 $ 22.50

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
	Dec. 31, 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: Year Ended December 31, 2020 2019 Numerator for basic earnings per share: (dollars in thousands, except share data) Net income $ 28,951 $ 27,848 Less: dividends and net income allocated to participating securities (296) (278) Net income available to common shareholders $ 28,655 $ 27,570 Denominator for basic earnings per share: Basic weighted average common shares outstanding during the period 11,569,128 11,586,651 Denominator for diluted earnings per share: Basic weighted average common shares outstanding during the period 11,569,128 11,586,651 Net effect of dilutive stock options 48,652 100,438 Diluted weighted average common shares 11,617,780 11,687,089 Earnings per common share: Basic $ 2.48 $ 2.38 Diluted $ 2.47 $ 2.36

REGULATORY MATTERS (Tables)

REGULATORY MATTERS (Tables)	12 Months Ended
	Dec. 31, 2020
Banking and Thrift, Other Disclosures [Abstract]
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations	The following table sets forth the actual capital amounts and ratios for the Bank and the minimum ratio and amount of capital required to be categorized as well-capitalized and adequately capitalized as of December 31, 2019: Amount of Capital Required Actual For Capital Adequacy Purposes For Well Capitalized Requirement Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) December 31, 2019 Total Capital (to Risk-Weighted Assets) $ 208,233 14.03 % $ 118,750 8.00 % $ 148,438 10.00 % Tier 1 Capital (to Risk-Weighted Assets) $ 193,536 13.04 % $ 89,063 6.00 % $ 118,750 8.00 % CET1 Capital (to Risk-Weighted Assets) $ 193,536 13.04 % $ 66,797 4.50 % $ 96,485 6.50 % Tier 1 Capital (to Average Assets) $ 193,536 12.01 % $ 64,437 4.00 % $ 80,546 5.00 %

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Dec. 31, 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 the periods indicated: December 31, 2020 December 31, 2019 Fair Value Carrying Fair Carrying Fair Financial Assets: (dollars in thousands) Cash and cash equivalents Level 1 $ 236,381 $ 236,381 $ 161,801 $ 161,801 Securities available-for-sale Level 2 42,027 42,027 26,653 26,653 Securities held-to-maturity Level 2 1,358 1,470 5,056 5,077 Equity securities Level 1 2,798 2,798 2,694 2,694 Loans held for sale Level 2 9,932 10,618 7,659 8,420 Loan held for investment, net Level 3 1,861,610 1,904,785 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 2,860 3,434 3,202 3,246 Accrued interest receivable Level 2 9,569 9,569 5,451 5,451 Financial Liabilities: Deposits Level 2 $ 1,634,158 $ 1,634,170 $ 1,313,693 $ 1,316,287 Borrowings Level 2 145,000 145,357 90,000 91,029 PPP Liquidity Facility Level 2 204,719 204,820 — — Senior secured notes Level 2 2,000 2,000 9,600 9,600 Accrued interest payable Level 2 534 534 203 203
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 the periods indicated: Recurring Fair Value Measurements Level 1 Level 2 Level 3 Total December 31, 2020: (dollars in thousands) Securities available-for-sale: U.S. Government and agency securities $ — $ 2,705 $ — $ 2,705 Mortgage-backed securities — 5,653 — 5,653 Collateralized mortgage obligations — 25,778 — 25,778 SBA Pools — 7,891 — 7,891 Securities available-for-sale $ — $ 42,027 $ — $ 42,027 Equity securities: Mutual fund investment $ 2,798 $ — $ — $ 2,798 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

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	12 Months Ended
	Dec. 31, 2020
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following is a summary of revenue from contracts with customers that are in-scope and not in-scope under Topic 606: Year Ended December 31, 2020 2019 (dollars in thousands) Noninterest income, in-scope: Service charges and fees on deposit accounts $ 1,965 $ 1,942 Other income 159 181 Total noninterest income, in-scope 2,124 2,123 Noninterest income, not in-scope: Gain on sale of loans 4,653 3,674 Net servicing fees 644 850 Change in fair value of equity securities 39 82 Other income 1,147 971 Total noninterest income, not in-scope 6,483 5,577 Total noninterest income $ 8,607 $ 7,700

CONDENSED FINANCIAL INFORMATI_2

CONDENSED FINANCIAL INFORMATION (PARENT COMPANY ONLY) (Tables)	12 Months Ended
	Dec. 31, 2020
Condensed Financial Information Disclosure [Abstract]
Condensed Balance Sheets	Condensed Balance Sheets December 31, 2020 2019 (dollars in thousands) ASSETS Cash and cash equivalents $ 399 $ 337 Investment in Bank subsidiary 281,844 271,189 Taxes receivable 337 — Intercompany receivable 145 — Other assets 42 21 TOTAL ASSETS $ 282,767 $ 271,547 LIABILITIES AND SHAREHOLDERS’ EQUITY Accrued expenses $ 26 $ 13 Taxes payable — 129 Senior secured notes 2,000 9,600 Total liabilities 2,026 9,742 Shareholders’ equity: Preferred stock — — Common stock 217,734 216,398 Additional paid-in capital 3,292 3,493 Retained earnings 59,176 41,920 Accumulated other comprehensive income (loss) 539 (6) Total shareholders’ equity 280,741 261,805 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 282,767 $ 271,547
Condensed Statements of Income	Condensed Statements of Income Year Ended December 31, 2020 2019 (dollars in thousands) Income: Dividends from Bank subsidiary $ 20,000 $ 19,000 Expense: Interest expense 207 678 Salaries and employee benefits 764 261 Professional fees 191 136 Data processing 31 28 Other expenses 453 190 Total expense $ 1,646 $ 1,293 Income before income taxes and equity in undistributed earnings of Bank subsidiary 18,354 17,707 Income tax benefit (487) (383) Income before equity in undistributed earnings of Bank subsidiary $ 18,841 $ 18,090 Equity in undistributed earnings of Bank subsidiary 10,110 9,758 Net income $ 28,951 $ 27,848
Condensed Statements of Cash Flows	Condensed Statements of Cash Flows Year Ended December 31, 2020 2019 (dollars in thousands) OPERATING ACTIVITIES Net income $ 28,951 $ 27,848 Adjustments to reconcile net income to net cash used in operating activities: Equity in undistributed earnings of Bank subsidiary (10,110) (9,758) Changes in other asset and liabilities: Taxes receivable (208) 164 Accrued expenses 13 (35) Intercompany payable (145) — Other items, net 1,765 (2,451) Net cash provided by operating activities 20,266 15,768 INVESTING ACTIVITIES Net cash provided in investing activities — — FINANCING ACTIVITIES Net (decrease)/increase advances in senior secured notes (7,600) 1,150 Dividends paid (11,699) (9,927) Repurchase of shares (1,032) (9,420) Proceeds from exercise of stock options 127 2,593 Net cash used in financing activities (20,204) (15,604) Net change in cash and cash equivalents 62 164 Cash and cash equivalents, beginning of period 337 173 Cash and cash equivalents, end of period $ 399 $ 337

BASIS OF PRESENTATION AND SUM_3

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	12 Months Ended
	Dec. 31, 2020USD ($)branchlending_office	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Number of full-service branches | branch	8
Number of lending offices | lending_office	2
Reserve requirements	$ 0	$ 0
Impairment recognized on goodwill and intangible assets	0	0
Advertising expense	41,000	43,000
Allowance for credit loss	19,167,000	13,522,000	$ 11,056,000
Retained earnings	$ 59,176,000	$ 41,920,000
Core Deposit Intangibles
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Estimated useful life	10 years
Furniture and Fixtures | Minimum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Useful lives	3 years
Furniture and Fixtures | Maximum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Useful lives	7 years

BUSINESS COMBINATION (Details)

BUSINESS COMBINATION (Details) $ / shares in Units, $ in Thousands	Jul. 31, 2018USD ($)branch$ / sharesshares	Dec. 31, 2020USD ($)branch	Dec. 31, 2019USD ($)	Feb. 26, 2018
Business Acquisition [Line Items]
Total assets		$ 2,283,115	$ 1,690,324
Total deposits of acquiree		$ 1,634,158	$ 1,313,693
Number of full-service branches | branch		8
Pacific Commerce Bancorp
Business Acquisition [Line Items]
Valuation of merger	$ 133,300
Valuation of merger (in usd per share) | $ / shares	$ 13.69
Weighted average price (in usd per share) | $ / shares	$ 28.70
Exchange ratio (in shares)	0.47689			0.46531
Common stock, shares issued (in shares) | shares	4,386,816
Rollover options issued in connection with acquisition (in shares) | shares	420,393
Fair value of rollover options	$ 7,400
Rollover options issued and exercisable in common stock (in shares) | shares	278,096
Rollover options exercisable into common stock (in shares) | shares	142,297
Number of full-service branches | branch	6
Pacific Commerce Bancorp
Business Acquisition [Line Items]
Total assets	$ 544,700
Gross loans of acquiree	414,900
Total deposits of acquiree	$ 474,800

BUSINESS COMBINATION - Schedule

BUSINESS COMBINATION - Schedule of Assets and Liabilities Acquired (Details) - USD ($) $ in Thousands	Jul. 31, 2018	Dec. 31, 2020	Dec. 31, 2019
Purchase consideration:
Goodwill recognized		$ 73,425	$ 73,425
Pacific Commerce Bancorp
Assets acquired:
Cash and cash equivalents	$ 111,035
Loans held for investment, net	399,822
Investment in restricted stock, at cost	4,148
Premises and equipment	719
Servicing assets	1,054
Cash surrender value of bank-owned life insurance	4,712
Deferred taxes	4,612
Core deposit intangible	6,908
Accrued interest receivable and other assets	3,487
Total assets acquired	536,497
Liabilities assumed:
Deposits	474,925
Accrued interest payable and other liabilities	1,724
Total liabilities assumed	476,649
Net assets acquired	59,848
Purchase consideration:
Fair value of shares of First Choice Bancorp issued in the merger	125,902
Fair value of equity awards exchanged	7,371
Total purchase consideration	133,273
Goodwill recognized	$ 73,425

BUSINESS COMBINATION - Fair Val

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

INVESTMENT SECURITIES - Carryin

INVESTMENT SECURITIES - Carrying Amount of Held-to-Maturity and Available-for-Sale Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Securities available-for-sale:
Amortized Cost	$ 41,262	$ 26,661
Gross Unrealized Gains	867	130
Gross Unrealized Losses	(102)	(138)
Securities available-for-sale	42,027	26,653
Securities held-to-maturity:
Amortized Cost	1,358	5,056
Gross Unrealized Gains	112	36
Gross Unrealized Losses	0	(15)
Securities held-to-maturity	1,470	5,077
U.S. Government and agency securities
Securities available-for-sale:
Amortized Cost	2,679
Gross Unrealized Gains	26
Gross Unrealized Losses	0
Securities available-for-sale	2,705
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	5,537	7,480
Gross Unrealized Gains	116	20
Gross Unrealized Losses	0	(69)
Securities available-for-sale	5,653	7,431
Securities held-to-maturity:
Amortized Cost	1,358	1,714
Gross Unrealized Gains	112	27
Gross Unrealized Losses	0	(15)
Securities held-to-maturity	1,470	1,726
Collateralized mortgage obligations
Securities available-for-sale:
Amortized Cost	25,552	10,571
Gross Unrealized Gains	328	52
Gross Unrealized Losses	(102)	(25)
Securities available-for-sale	25,778	10,598
SBA Pools
Securities available-for-sale:
Amortized Cost	7,494	8,610
Gross Unrealized Gains	397	58
Gross Unrealized Losses	0	(44)
Securities available-for-sale	$ 7,891	$ 8,624

INVESTMENT SECURITIES - Investm

INVESTMENT SECURITIES - Investments by Maturity Dates (Details) - USD ($) $ in Thousands	Dec. 31, 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	1,358
Amortized Cost	1,358	$ 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	1,470
Securities held-to-maturity	1,470	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	41,262
Amortized Cost	41,262	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	42,027
Securities available-for-sale	$ 42,027	$ 26,653

INVESTMENT SECURITIES - Additio

INVESTMENT SECURITIES - Additional Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)security	Dec. 31, 2019USD ($)
Concentration Risk [Line Items]
Sale of available-for-sale investment securities	$ 0	$ 0
Proceeds from paydowns of securities available-for-sale	295
Proceeds from paydowns of securities held-to-maturity	3,400
Payments to acquire debt securities, available-for-sale	25,988	995
Held-to-maturity securities, pledged to Federal Reserve Bank	$ 1,400
Securities in Unrealized Loss Positions, Number of Positions | security	4
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	$ 102	138
Equity securities, at fair value	2,798	2,694
Federal home loan bank stock	6,100	6,100
Payments to acquire federal home loan bank stock	0
Federal Reserve Bank stock owned	6,900	6,900
Payments to acquire federal reserve bank stock	13	131
Affordable Housing Tax Credits and Other Tax Benefits, Amount	(87)	(21)
Amortization Method Qualified Affordable Housing Project Investments, Amortization	77	26
Clearinghouse Community Development Financial Institution
Concentration Risk [Line Items]
Equity securities without readily determinable fair value	2,000	500
Community Reinvestment Act
Concentration Risk [Line Items]
Payments to acquire equity securities without readily determinable fair value, amount	1,500
Mutual Funds
Concentration Risk [Line Items]
Equity securities, at fair value	2,800	2,700
Gross gains (losses) related to changes in fair value	39	82
Other Bank Stock
Concentration Risk [Line Items]
Equity securities, restricted	1,000	1,000
Low Income Housing Tax Credit
Concentration Risk [Line Items]
Equity securities without readily determinable fair value	808	236
Equity securities without readily determinable fair value, capital contributions	$ 649	$ 262
Minimum
Concentration Risk [Line Items]
FHLB required stock ownership percentage of membership asset value	1.00%
FHLB required stock ownership percentage of outstanding advances	2.70%

INVESTMENT SECURITIES - Unreali

INVESTMENT SECURITIES - Unrealized Loss Position of AFS and HTM Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Unrealized Losses
Less Than Twelve Months	$ (102)	$ (46)
Twelve Months Or Longer	0	(92)
Total	(102)	(138)
Fair Value
Less Than Twelve Months	10,429	4,385
Twelve Months Or Longer	0	7,559
Total	10,429	11,944
Unrealized Losses
Less Than Twelve Months		0
Twelve Months Or Longer		(15)
HTM, Total Gross Unrealized Losses		(15)
Fair Value
Less Than Twelve Months		0
Twelve Months Or Longer		790
Total		790
Mortgage-backed securities
Unrealized Losses
Less Than Twelve Months		0
Twelve Months Or Longer		(69)
Total		(69)
Fair Value
Less Than Twelve Months		0
Twelve Months Or Longer		6,271
Total		6,271
Unrealized Losses
Less Than Twelve Months		0
Twelve Months Or Longer		(15)
HTM, Total Gross Unrealized Losses		(15)
Fair Value
Less Than Twelve Months		0
Twelve Months Or Longer		790
Total		790
Collateralized mortgage obligations
Unrealized Losses
Less Than Twelve Months	(102)	(2)
Twelve Months Or Longer	0	(23)
Total	(102)	(25)
Fair Value
Less Than Twelve Months	10,429	1,342
Twelve Months Or Longer	0	1,288
Total	$ 10,429	2,630
SBA Pools
Unrealized Losses
Less Than Twelve Months		(44)
Twelve Months Or Longer		0
Total		(44)
Fair Value
Less Than Twelve Months		3,043
Twelve Months Or Longer		0
Total		$ 3,043

LOANS - Narrative (Details)

LOANS - Narrative (Details)	3 Months Ended	12 Months Ended
	Dec. 31, 2020USD ($)loan	Dec. 31, 2020USD ($)loan	Dec. 31, 2019USD ($)loan
Financing Receivable, Troubled Debt Restructuring [Line Items]
Net deferred origination fees	$ (8,808,000)	$ (8,808,000)	$ (1,057,000)
Loans held for investment	1,880,777,000	1,880,777,000	1,374,675,000
Loans pledged as collateral for Federal Home Loan Bank	1,400,000	1,400,000
Recorded investment in loans identified as troubled debt restructuring	6,765,000	6,765,000	11,586,000
Related Allowance	444,000	444,000	$ 1,154,000
Loans modified as troubled debt restructuring | loan			0
Loans modified as troubled debt restructuring, subsequent default		202,000
Loans held for investment, net	1,861,610,000	1,861,610,000	$ 1,361,153,000
Total past due
Loans held for sale, at lower of cost or fair value	9,932,000	9,932,000	7,659,000
Loans held for sale	10,600,000	10,600,000	8,400,000
Federal Home Loan Bank Advances
Financing Receivable, Troubled Debt Restructuring [Line Items]
Loans pledged as collateral for Federal Home Loan Bank	1,710,000,000	1,710,000,000
Loans pledged as collateral with the FHLB	$ 896,100,000	896,100,000
Payment Deferral | CARES Act Loan Modification
Financing Receivable, Troubled Debt Restructuring [Line Items]
Non-TDR modifications, number of contracts | loan	3
Loans held for investment, net	$ 3,300,000	$ 3,300,000
Number of loans, past due | loan	2	2
Total past due	$ 2,800,000	$ 2,800,000
Finance Receivables - Main Street Loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of loans | loan		32
Principal amount	172,200,000	$ 172,200,000
Proceeds from sale of finance receivables		163,600,000
Gain (loss) on sale of financing receivable		$ 1,100,000
Percentage of participation interest		95.00%
Federal Reserve Bank
Financing Receivable, Troubled Debt Restructuring [Line Items]
Loans pledged as collateral with the FHLB	193,900,000	$ 193,900,000
Paycheck Protection Program Liquidity Facility | Line of Credit
Financing Receivable, Troubled Debt Restructuring [Line Items]
Long-term line of credit	$ 204,700,000	$ 204,700,000
Interest rate, stated percentage	0.35%	0.35%
SBA Loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Recorded investment in loans identified as troubled debt restructuring	$ 3,570,000	$ 3,570,000	6,940,000
Related Allowance	343,000	343,000	939,000
Loans modified as troubled debt restructuring, subsequent default		82,000	88,000
Restructured Loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Recorded investment in loans identified as troubled debt restructuring	666,000	666,000	479,000
Related Allowance	0	0	$ 0
Paycheck Protection Program Loans | SBA Loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Net deferred origination fees	(6,600,000)	(6,600,000)
Income from loan forgiveness or repayment	1,800,000	1,800,000
Paycheck Protection Program Loans | SBA Loans | Paycheck Protection Program, CARES Act
Financing Receivable, Troubled Debt Restructuring [Line Items]
Loans held for investment	320,100,000	320,100,000
Amount forgiven or repaid	$ 73,000,000	$ 73,000,000

LOANS - Composition of Loan Por

LOANS - Composition of Loan Portfolio (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, net of discounts	$ 1,889,585	$ 1,375,732
Net deferred origination fees	(8,808)	(1,057)
Loans held for investment	1,880,777	1,374,675
Allowance for loan losses	(19,167)	(13,522)	$ (11,056)
Loans held for investment, net	1,861,610	1,361,153
Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, net of discounts	197,634	249,504
Allowance for loan losses	(2,129)	(2,350)	(1,721)
Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, net of discounts	388,814	309,011
Allowance for loan losses	(6,714)	(4,145)	(3,686)
SBA Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, net of discounts	562,842	177,633
Allowance for loan losses	(3,256)	(2,741)	(1,807)
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, net of discounts	1	430
Allowance for loan losses	0	(2)	0
Residential | Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, net of discounts	27,683	43,736
Allowance for loan losses	(233)	(292)	(422)
Commercial real estate - owner occupied | Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, net of discounts	161,823	171,595
Allowance for loan losses	(1,290)	(918)	(734)
Commercial real estate - non-owner occupied | Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, net of discounts	550,788	423,823
Allowance for loan losses	(5,545)	(3,074)	$ (2,686)
Paycheck Protection Program Loans | SBA Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Net deferred origination fees	(6,600)
Paycheck Protection Program Loans | SBA Loans | Paycheck Protection Program, CARES Act
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, net of discounts	326,700
Loans held for investment	320,100
PCI Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, net of discounts	761	1,124
Loans held for investment, net	761	1,100
PCI Loans | Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, net of discounts	0	0
PCI Loans | Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, net of discounts	265	463
PCI Loans | SBA Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, net of discounts	408	553
PCI Loans | Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, net of discounts	0	0
PCI Loans | Residential | Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, net of discounts	0	0
PCI Loans | Commercial real estate - owner occupied | Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, net of discounts	88	108
PCI Loans | Commercial real estate - non-owner occupied | Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, net of discounts	$ 0	$ 0

LOANS - Loans Held for Investme

LOANS - Loans Held for Investment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	$ 1,897,599	$ 1,385,142
Unamortized net discounts	8,014	9,410
Net unamortized deferred origination fees(3)	(8,808)	(1,057)
Loans held for investment	1,880,777	1,374,675
Loans held for investment, net	1,861,610	1,361,153
Loans held for investment, net of discounts	1,889,585	1,375,732
SBA Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, net of discounts	562,842	177,633
SBA Loans | Paycheck Protection Program Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Net unamortized deferred origination fees(3)	(6,600)
Paycheck Protection Program, CARES Act | SBA Loans | Paycheck Protection Program Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment	320,100
Loans held for investment, net of discounts	326,700
Pacific Commerce Bancorp
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unamortized net discounts		(6,000)
Net discount on loans acquired	$ (3,900)
Net discount on acquired loans, weighted average life	3 years 9 months 18 days
PCI Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, net	$ 761	1,100
Loans held for investment, net of discounts	761	1,124
PCI Loans | SBA Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, net of discounts	$ 408	$ 553

LOANS - Allowance for Loan Loss

LOANS - Allowance for Loan Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of period	$ 13,522	$ 11,056
Provision for loan losses	5,900	2,800
Charge-offs	(777)	(579)
Recoveries	522	245
Net charge-offs	(255)	(334)
Balance, end of period	$ 19,167	$ 13,522

LOANS - Allowance for Loan Lo_2

LOANS - Allowance for Loan Losses by Portfolio Segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of period	$ 13,522	$ 11,056
Provision for (reversal of) loan losses	5,900	2,800
Charge-offs	(777)	(579)
Recoveries	522	245
Net recoveries (charge-offs)	(255)	(334)
Balance, end of period	19,167	13,522
Reserves:
Specific	444	1,154
General	18,723	12,368
Loans evaluated for impairment:
Individually	6,765	11,586
Collectively	1,882,059	1,363,022
Loans held for investment, net of discounts	1,889,585	1,375,732
Construction and land development
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of period	2,350	1,721
Provision for (reversal of) loan losses	(221)	629
Charge-offs	0	0
Recoveries	0	0
Net recoveries (charge-offs)	0	0
Balance, end of period	2,129	2,350
Reserves:
Specific	0	0
General	2,129	2,350
Loans evaluated for impairment:
Individually	0	0
Collectively	197,634	249,504
Loans held for investment, net of discounts	197,634	249,504
Commercial and industrial
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of period	4,145	3,686
Provision for (reversal of) loan losses	2,411	969
Charge-offs	(330)	(567)
Recoveries	488	57
Net recoveries (charge-offs)	158	(510)
Balance, end of period	6,714	4,145
Reserves:
Specific	0	0
General	6,714	4,145
Loans evaluated for impairment:
Individually	183	229
Collectively	388,366	308,319
Loans held for investment, net of discounts	388,814	309,011
SBA Loans
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of period	2,741	1,807
Provision for (reversal of) loan losses	928	758
Charge-offs	(447)	(12)
Recoveries	34	188
Net recoveries (charge-offs)	(413)	176
Balance, end of period	3,256	2,741
Reserves:
Specific	343	939
General	2,913	1,802
Loans evaluated for impairment:
Individually	3,570	6,940
Collectively	558,864	170,140
Loans held for investment, net of discounts	562,842	177,633
Consumer
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of period	2	0
Provision for (reversal of) loan losses	(2)	2
Charge-offs	0	0
Recoveries	0	0
Net recoveries (charge-offs)	0	0
Balance, end of period	0	2
Reserves:
Specific	0	0
General	0	2
Loans evaluated for impairment:
Individually	0	0
Collectively	1	430
Loans held for investment, net of discounts	1	430
Residential | Real Estate
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of period	292	422
Provision for (reversal of) loan losses	(59)	(130)
Charge-offs	0	0
Recoveries	0	0
Net recoveries (charge-offs)	0	0
Balance, end of period	233	292
Reserves:
Specific	0	0
General	233	292
Loans evaluated for impairment:
Individually	254	0
Collectively	27,429	43,736
Loans held for investment, net of discounts	27,683	43,736
Commercial real estate - owner occupied | Real Estate
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of period	918	734
Provision for (reversal of) loan losses	372	184
Charge-offs	0	0
Recoveries	0	0
Net recoveries (charge-offs)	0	0
Balance, end of period	1,290	918
Reserves:
Specific	0	0
General	1,290	918
Loans evaluated for impairment:
Individually	1,293	3,049
Collectively	160,442	168,438
Loans held for investment, net of discounts	161,823	171,595
Commercial real estate - non-owner occupied | Real Estate
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of period	3,074	2,686
Provision for (reversal of) loan losses	2,471	388
Charge-offs	0	0
Recoveries	0	0
Net recoveries (charge-offs)	0	0
Balance, end of period	5,545	3,074
Reserves:
Specific	101	215
General	5,444	2,859
Loans evaluated for impairment:
Individually	1,465	1,368
Collectively	549,323	422,455
Loans held for investment, net of discounts	550,788	423,823
PCI Loans
Loans evaluated for impairment:
Loans held for investment, net of discounts	761	1,124
PCI Loans | Construction and land development
Loans evaluated for impairment:
Loans held for investment, net of discounts	0	0
PCI Loans | Commercial and industrial
Loans evaluated for impairment:
Loans held for investment, net of discounts	265	463
PCI Loans | SBA Loans
Loans evaluated for impairment:
Loans held for investment, net of discounts	408	553
PCI Loans | Consumer
Loans evaluated for impairment:
Loans held for investment, net of discounts	0	0
PCI Loans | Residential | Real Estate
Loans evaluated for impairment:
Loans held for investment, net of discounts	0	0
PCI Loans | Commercial real estate - owner occupied | Real Estate
Loans evaluated for impairment:
Loans held for investment, net of discounts	88	108
PCI Loans | Commercial real estate - non-owner occupied | Real Estate
Loans evaluated for impairment:
Loans held for investment, net of discounts	$ 0	$ 0

LOANS - Risk Category of Loans

LOANS - Risk Category of Loans by Class (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, excluding PCI loans	$ 1,888,824	$ 1,374,608
Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, excluding PCI loans	1,870,463	1,350,002
Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, excluding PCI loans	18,361	24,606
Impaired
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, excluding PCI loans	6,400	11,300
Construction and land development
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, excluding PCI loans	197,634	249,504
Construction and land development | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, excluding PCI loans	197,634	249,504
Construction and land development | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, excluding PCI loans	0	0
Commercial and Industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, excluding PCI loans	388,549	308,548
Commercial and Industrial | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, excluding PCI loans	384,582	305,918
Commercial and Industrial | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, excluding PCI loans	3,967	2,630
SBA Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, excluding PCI loans	562,434	177,080
SBA Loans | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, excluding PCI loans	553,247	166,820
SBA Loans | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, excluding PCI loans	9,187	10,260
Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, excluding PCI loans	1	430
Consumer | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, excluding PCI loans	1	430
Consumer | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, excluding PCI loans	0	0
Residential | Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, excluding PCI loans	27,683	43,736
Residential | Real Estate | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, excluding PCI loans	27,429	43,736
Residential | Real Estate | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, excluding PCI loans	254	0
Commercial real estate - owner occupied | Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, excluding PCI loans	161,735	171,487
Commercial real estate - owner occupied | Real Estate | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, excluding PCI loans	160,318	161,863
Commercial real estate - owner occupied | Real Estate | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, excluding PCI loans	1,417	9,624
Commercial real estate - non-owner occupied | Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, excluding PCI loans	550,788	423,823
Commercial real estate - non-owner occupied | Real Estate | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, excluding PCI loans	547,252	421,731
Commercial real estate - non-owner occupied | Real Estate | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, excluding PCI loans	$ 3,536	$ 2,092

LOANS - Past Due and Nonaccrual

LOANS - Past Due and Nonaccrual Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Financing Receivable, Past Due [Line Items]
Total past due
Nonaccrual	6,446	$ 11,265
30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total past due	54	1,475
60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total past due	0	292
Over 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Total past due	0	0
Commercial and industrial
Financing Receivable, Past Due [Line Items]
Nonaccrual	183	229
Commercial and industrial | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total past due	1	4
Commercial and industrial | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total past due	0	2
Commercial and industrial | Over 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Total past due	0	0
SBA Loans
Financing Receivable, Past Due [Line Items]
Nonaccrual	3,251	6,619
SBA Loans | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total past due	53	0
SBA Loans | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total past due	0	0
SBA Loans | Over 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Total past due	0	0
Residential | Real Estate
Financing Receivable, Past Due [Line Items]
Nonaccrual	254	0
Residential | Real Estate | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total past due	0	1,471
Residential | Real Estate | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total past due	0	290
Residential | Real Estate | Over 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Total past due	0	0
Commercial real estate - owner occupied | Real Estate
Financing Receivable, Past Due [Line Items]
Nonaccrual	1,293	3,049
Commercial real estate - owner occupied | Real Estate | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total past due	0	0
Commercial real estate - owner occupied | Real Estate | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total past due	0	0
Commercial real estate - owner occupied | Real Estate | Over 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Total past due	0	0
Commercial real estate - non-owner occupied | Real Estate
Financing Receivable, Past Due [Line Items]
Nonaccrual	1,465	1,368
Commercial real estate - non-owner occupied | Real Estate | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total past due	0	0
Commercial real estate - non-owner occupied | Real Estate | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total past due	0	0
Commercial real estate - non-owner occupied | Real Estate | Over 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Total past due	$ 0	$ 0

LOANS - Individually Impaired L

LOANS - Individually Impaired Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	$ 7,179	$ 12,116
Recorded investment	6,765	11,586
Impaired loans, without specific reserve	4,021	8,028
Impaired loans, with specific reserve	2,744	3,558
Related Allowance	444	1,154
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	3,891	7,344
Recorded investment	3,570	6,940
Impaired loans, without specific reserve	2,089	4,750
Impaired loans, with specific reserve	1,481	2,190
Related Allowance	343	939
Troubled Debt Restructuring On Accrual
Financing Receivable, Impaired [Line Items]
Recorded investment	319	321
Commercial real estate - non-owner occupied | Real Estate
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	1,507	1,411
Recorded investment	1,465	1,368
Impaired loans, without specific reserve	202	0
Impaired loans, with specific reserve	1,263	1,368
Related Allowance	101	215
Commercial real estate - owner occupied | Real Estate
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	1,345	3,132
Recorded investment	1,293	3,049
Impaired loans, without specific reserve	1,293	3,049
Impaired loans, with specific reserve	0	0
Related Allowance	0	$ 0
Residential | Real Estate
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	253
Recorded investment	254
Impaired loans, without specific reserve	254
Impaired loans, with specific reserve	0
Related Allowance	$ 0

LOANS - Average Recorded Invest

LOANS - Average Recorded Investment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	$ 10,303	$ 4,897
Interest Income Recognized	25	78
Commercial and industrial
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	187	385
Interest Income Recognized	0	0
SBA Loans
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	5,626	3,742
Interest Income Recognized	25	78
Residential | Real Estate
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	163	0
Interest Income Recognized	0	0
Commercial real estate - owner occupied | Real Estate
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	1,716	535
Interest Income Recognized	0	0
Commercial real estate - non-owner occupied | Real Estate
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	2,611	235
Interest Income Recognized	$ 0	$ 0

TRANSFERS AND SERVICING OF FI_3

TRANSFERS AND SERVICING OF FINANCIAL ASSETS - Narrative (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2020USD ($)	Dec. 31, 2020USD ($)loan	Dec. 31, 2019USD ($)
Contractually Specified Servicing Fees, Late Fees, and Ancillary Fees Earned in Exchange for Servicing Financial Assets [Line Items]
Loans serviced for others	$ 454,300	$ 454,300	$ 278,600
Servicing asset	2,860	2,860	3,202
Loans with no related servicing asset	231,800	231,800	63,800
Net servicing fees		644	850
SBA Loans
Contractually Specified Servicing Fees, Late Fees, and Ancillary Fees Earned in Exchange for Servicing Financial Assets [Line Items]
Loans serviced for others	222,500	222,500	214,800
Servicing asset at fair value	$ 3,400	$ 3,400	3,200
Change in assumption, discount rate		11.00%
Change in assumption, prepayment speed		20.30%
SBA loans sold		$ 46,300	61,600
Total gain on sale of SBA loans		3,500	3,700
Net servicing fees		644	850
Contractually specified servicing fees		$ 2,000	$ 2,000
Finance Receivables - 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%
Percentage of participation interest		95.00%
Number of loans | loan		32
Principal amount	$ 172,200	$ 172,200
Proceeds from sale of finance receivables		163,600
Gain (loss) on sale of financing receivable		$ 1,100
Minimum
Contractually Specified Servicing Fees, Late Fees, and Ancillary Fees Earned in Exchange for Servicing Financial Assets [Line Items]
Servicing fees, percentage		0.25%
Change in assumption, discount rate		1.00%
Change in assumption, prepayment speed		10.00%
Maximum
Contractually Specified Servicing Fees, Late Fees, and Ancillary Fees Earned in Exchange for Servicing Financial Assets [Line Items]
Servicing fees, percentage			1.00%
Change in assumption, discount rate		2.00%
Change in assumption, prepayment speed		20.00%

TRANSFERS AND SERVICING OF FI_4

TRANSFERS AND SERVICING OF FINANCIAL ASSETS - SBA Servicing Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance, beginning of period	$ 3,202	$ 3,186
Additions	1,008	1,140
Amortization	(1,350)	(1,124)
Balance, end of period	2,860	3,202
Accelerated amortization	$ 207	$ 146

TRANSFERS AND SERVICING OF FI_5

TRANSFERS AND SERVICING OF FINANCIAL ASSETS - Prepayment Speeds and Assumptions (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)
Change in Estimated Fair Value
Prepayment speeds	$ (191)
Prepayment speeds	(363)
Discount rate	(87)
Discount rate	$ (170)
Minimum
Change in Assumption
Prepayment speeds (as a percent)	10.00%
Prepayment speeds (as a percent)	1.00%
Maximum
Change in Assumption
Prepayment speeds (as a percent)	20.00%
Prepayment speeds (as a percent)	2.00%

OTHER REAL ESTATE OWNED AND O_2

OTHER REAL ESTATE OWNED AND OTHER FORECLOSED ASSETS - Narrative (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)
Real Estate [Abstract]
Foreclosed assets, net	$ 0
Gain on sale of foreclosed assets	$ 155

PREMISES AND EQUIPMENT - Summar

PREMISES AND EQUIPMENT - Summary of Premises and Equipment (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Total premises and equipment, net		$ 6,803	$ 5,538
Less: Impairment	$ (207)	0
Less: Accumulated depreciation and amortization		(4,654)	(3,789)
Total premises and equipment, net		2,149	1,542
Construction in progress
Property, Plant and Equipment [Line Items]
Total premises and equipment, net		232	6
Leasehold improvements
Property, Plant and Equipment [Line Items]
Total premises and equipment, net		2,243	1,877
Furniture, fixtures, and equipment
Property, Plant and Equipment [Line Items]
Total premises and equipment, net		$ 4,328	$ 3,655

PREMISES AND EQUIPMENT - Narrat

PREMISES AND EQUIPMENT - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 1,100	$ 860

LEASES - Narrative (Details)

LEASES - Narrative (Details) - USD ($) $ in Thousands	Jan. 01, 2019	Dec. 31, 2020	Dec. 31, 2019
Lessee, Lease, Description [Line Items]
Sublease income		$ 353	$ 11
Operating lease, right-of-use asset		4,916	6,633
Operating lease, liability		5,502	7,071
Operating lease, impairment loss	$ 820
Impairment of long-lived assets		$ 0	$ 387
Impairment of long-lived assets to be disposed of	180
Minimum
Lessee, Lease, Description [Line Items]
Remaining term of contract		one month
Maximum
Lessee, Lease, Description [Line Items]
Remaining term of contract		four years
Accounting Standards Update 2016-02
Lessee, Lease, Description [Line Items]
Operating lease, right-of-use asset	6,000
Operating lease, liability	$ 6,100

LEASES - Balance Sheet and Supp

LEASES - Balance Sheet and Supplemental Information (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Consolidated Balance Sheet and Supplemental Information
Operating lease ROU assets classified as other assets	$ 4,916	$ 6,633
Operating lease liability classified as other liabilities	$ 5,502	$ 7,071
Weighted average remaining lease term, in years	2 years 4 months 24 days	3 years 1 month 6 days
Weighted average discount rate	1.98%	2.23%
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	us-gaap:OtherAssets	us-gaap:OtherAssets
Operating Lease, Liability, Statement of Financial Position [Extensible List]	fcbp:AccruedInterestPayableAndOtherLiabilities	fcbp:AccruedInterestPayableAndOtherLiabilities

LEASES - Lease Cost (Details)

LEASES - Lease Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Lease Costs
Operating lease cost	$ 2,351	$ 2,189
Variable lease cost	110	198
Short-term lease cost	12	20
Total lease costs	2,473	2,407
Other Information
ROU asset impairment expense	0	1,207
Cash paid for amounts included in the measurement of lease liabilities	$ 2,401	$ 2,200

LEASES - Maturities of Lease Li

LEASES - Maturities of Lease Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Leases [Abstract]
2021	$ 2,470
2022	2,146
2023	828
2024	185
2025	0
Total future minimum lease payments	5,629
Less: Imputed interest	(127)
Present value of net future minimum lease payments	$ 5,502	$ 7,071

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Jul. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Goodwill recognized	$ 73,425,000	$ 73,425,000
Goodwill, period increase (decrease)	0	0
Impairment recognized on goodwill and intangible assets	$ 0	$ 0
Pacific Commerce Bancorp
Finite-Lived Intangible Assets [Line Items]
Goodwill recognized			$ 73,425,000
Core deposit intangible			6,908,000
Pacific Commerce Bancorp | Core Deposit Intangibles
Finite-Lived Intangible Assets [Line Items]
Core deposit intangible			$ 6,900,000

GOODWILL AND OTHER INTANGIBLE_4

GOODWILL AND OTHER INTANGIBLE ASSETS - Schedule of Changes in CDI (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Core deposit intangible:
Amortization	$ (771)	$ (848)
Core deposit intangible, end of period	4,956	5,728
Core Deposit Intangibles
Core deposit intangible:
Core deposit intangible, beginning of period	6,908	6,908
Additions	0	0
Core deposit intangible, end of period	6,908	6,908
Accumulated amortization, beginning of period	(1,180)	(332)
Amortization	(772)	(848)
Accumulated amortization, ending of period	(1,952)	(1,180)
Core deposit intangible, end of period	$ 4,956	$ 5,728

GOODWILL AND OTHER INTANGIBLE_5

GOODWILL AND OTHER INTANGIBLE ASSETS - Schedule of Estimated Amortization Expense (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Finite-Lived Intangible Assets [Line Items]
Core deposit intangible, end of period	$ 4,956	$ 5,728
Core Deposit Intangibles
Finite-Lived Intangible Assets [Line Items]
2021	753
2022	732
2023	707
2024	678
2025	646
Thereafter	1,440
Core deposit intangible, end of period	$ 4,956	$ 5,728

DEPOSITS (Details)

DEPOSITS (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Banking and Thrift, Other Disclosures [Abstract]
Depositor relationships, percentage of total deposits	28.00%	28.00%
Time deposits, brokered, non-maturity	$ 78.7	$ 48.1
Time deposits, brokered	101.1	50.4
Time deposits, equaling or exceeding FDIC insurance limit	30.7	$ 61.7
State public deposits	$ 45.5

DEPOSITS - Scheduled Maturities

DEPOSITS - Scheduled Maturities of Time Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Banking and Thrift, Other Disclosures [Abstract]
2021	$ 82,093
2022	40,912
2023	22,038
2024	8,500
2025	20,274
Total	$ 173,817	$ 172,758

BORROWING ARRANGEMENTS - Narrat

BORROWING ARRANGEMENTS - Narrative (Details)	12 Months Ended
	Dec. 31, 2020USD ($)bank	Dec. 31, 2019USD ($)	Jul. 31, 2018USD ($)
Debt Instrument [Line Items]
Loans pledged as collateral for Federal Home Loan Bank	$ 1,400,000
Balance	145,000,000	$ 90,000,000
Average balance of short term borrowings	$ 134,000,000	$ 49,300,000
Advances From Federal Home Loan Bank, Average Interest Rate	0.73%	2.29%
Paycheck Protection Program Liquidity Facility ("PPPLF")	$ 204,719,000	$ 0
Primary correspondent bank | bank	5
Senior secured notes	$ 2,000,000	9,600,000
Federal Reserve Bank
Debt Instrument [Line Items]
Loans pledged as collateral with the FHLB	193,900,000
Maximum borrowing capacity	130,600,000
Collateral amount	1,400,000
Overnight borrowings	0	0
Federal Home Loan Bank, Recovery Advance Loan | Federal Home Loan Bank of San Francisco
Debt Instrument [Line Items]
Balance	$ 5,000,000
Federal Home Loan Bank, Advances, Interest Rate	0.00%
Unsecured Debt
Debt Instrument [Line Items]
Total borrowing capacity, Federal Home Loan Bank borrowing	$ 125,000,000
Overnight borrowings	0	0
Secured Debt
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 25,000,000
Senior secured notes		$ 9,600,000
Effective percentage	3.25%	5.00%
Average outstanding borrowing	$ 5,400,000	$ 11,900,000
Weighted average interest rate	3.83%	5.68%
Federal Home Loan Bank Advances
Debt Instrument [Line Items]
Total borrowing capacity, Federal Home Loan Bank borrowing	$ 436,300,000
Line of credit facility, remaining borrowing capacity	220,300,000
Loans pledged as collateral for Federal Home Loan Bank	1,710,000,000
Loans pledged as collateral with the FHLB	896,100,000
Amount of secured FHLB borrowing capacity used	71,000,000
Affiliated Entity | Secured Debt
Debt Instrument [Line Items]
Maximum borrowing capacity	23,000,000
Director | Secured Debt
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 25,000,000
Senior secured notes	2,000,000	$ 9,600,000
Average outstanding borrowing	0	$ 0
Paycheck Protection Program Liquidity Facility | Line of Credit
Debt Instrument [Line Items]
Long-term line of credit	204,700,000
Remaining borrowing capacity	122,000,000
Average outstanding amount	$ 153,700,000

BORROWING ARRANGEMENTS - Federa

BORROWING ARRANGEMENTS - Federal Home Loan (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Short-term Debt [Line Items]
Balance	$ 145,000	$ 90,000
Rate	0.56%	1.79%
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 February 2021
Short-term Debt [Line Items]
Balance	$ 50,000
Rate	0.19%
Short-Term, Fixed-Rate Advance, Maturing May 26, 2021
Short-term Debt [Line Items]
Balance	$ 30,000
Rate	0.25%
Short-Term, Fixed-Rate Advance, Maturing May 27, 2021
Short-term Debt [Line Items]
Balance	$ 30,000
Rate	0.21%
Short-Term Advance, Maturing June 2021
Short-term Debt [Line Items]
Balance	$ 30,000	$ 30,000
Rate	1.93%	1.93%
Short-Term, Fixed-Rate Advance, Maturing March 2020
Short-term Debt [Line Items]
Balance		$ 60,000
Rate		1.72%

INCOME TAXES - Income Tax Expen

INCOME TAXES - Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Current income tax expense
Federal	$ 8,617	$ 6,290
State	4,857	3,573
Total current income tax expense	13,474	9,863
Deferred income tax (benefit) expense
Federal	(978)	1,269
State	(472)	942
Total deferred income tax (benefit) expense	(1,450)	2,211
Actual tax expense	$ 12,024	$ 12,074

INCOME TAXES - Deferred Tax Ass

INCOME TAXES - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Deferred tax assets:
Allowance for loan losses due to tax limitations	$ 5,667	$ 3,998
Organizational expenses	146	197
State taxes	988	752
Non-qualified stock options	218	235
Restricted stock	428	383
Accrued expenses	567	0
Depreciation differences	489	234
Unrecognized loss on securities available-for-sale	0	3
Fair value adjustment on acquired loans	1,348	2,350
Net operating losses	33	143
Other items	1,115	866
Total deferred tax assets	10,999	9,161
Deferred tax liabilities:
Core deposit intangibles	(1,465)	(1,693)
Deferred loan costs	(1,679)	(1,246)
Unrecognized gain on securities available-for-sale	(226)	0
Other items	(244)	(59)
Total deferred tax liabilities	(3,614)	(2,998)
Deferred taxes, net	$ 7,385	$ 6,163

INCOME TAXES - Federal Statutor

INCOME TAXES - Federal Statutory Income Tax Rates (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Amount
Statutory Federal tax	$ 8,604	$ 8,384
State franchise tax, net of Federal benefit	3,482	3,392
Other items, net	(62)	298
Actual tax expense	$ 12,024	$ 12,074
Rate
Statutory Federal tax	21.00%	21.00%
State franchise tax, net of Federal benefit	8.50%	8.50%
Other items, net	(0.20%)	0.70%
Actual tax expense	29.30%	30.20%

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Business Acquisition [Line Items]
Income taxes	$ 12,024,000	$ 12,074,000
Effective income tax rate	29.30%	30.20%
Effective income tax rate, federal and state	29.60%	29.60%
Unrecognized tax benefits	$ 0	$ 113,000	$ 480,000
Unrecognized tax benefits that would impact effective tax rate	0	0
Interest and penalties accrued on unrecognized tax benefits	0	19,000
Non-qualified stock options	218,000	$ 235,000
California Tax Authority
Business Acquisition [Line Items]
Limited net operating loss carryforward	385,000
Net operating loss carryforward, subject to annual limitations	$ 720,000

INCOME TAXES - Unrecognized Tax

INCOME TAXES - Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Beginning balance	$ 113	$ 480
Additional based on tax positions related to prior years	0	0
Expiration of the statute of limitations	(113)	(367)
Ending balance	$ 0	$ 113

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Financial Commitments (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial commitments	$ 435,446	$ 386,469
Commitments to extend credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial commitments	429,519	376,879
Standby letters of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial commitments	3,777	7,616
Commitments to contribute capital to low income housing tax credit projects
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial commitments	2,089	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 - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Credit loss expense (reversal)	$ 300	$ 200
Allowance for unfunded commitments	1,500	1,200
Qualified affordable housing project investments, commitment	$ 2,200	$ 2,000

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019	Jul. 31, 2018
Related Party Transaction [Line Items]
Deposits from related party, held by the Company	$ 25,800,000	$ 35,000,000
Senior secured notes	2,000,000	9,600,000
Deposits	1,634,158,000	1,313,693,000
Equity securities, at fair value	2,798,000	2,694,000
Director
Related Party Transaction [Line Items]
Deposits	1,200,000	1,400,000
Equity securities, at fair value	102,000	102,000
Participating mortgage loans, mortgage obligations, amount	23,800,000	16,300,000
Secured Debt
Related Party Transaction [Line Items]
Senior secured facility	25,000,000
Senior secured notes		9,600,000
Senior notes, average outstanding borrowing	5,400,000	11,900,000
Secured Debt | Director
Related Party Transaction [Line Items]
Senior secured facility			$ 25,000,000
Senior secured notes	2,000,000	9,600,000
Senior notes, average outstanding borrowing	$ 0	$ 0
Federal Fund | Director
Related Party Transaction [Line Items]
Senior secured facility			$ 20,000,000

STOCK-BASED COMPENSATION - Narr

STOCK-BASED COMPENSATION - Narrative (Details) - USD ($)	1 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense		$ 2,000,000	$ 1,900,000
Unrecognized compensation cost		10,000
Options, exercises in period, intrinsic value		145,000	2,700,000
Proceeds from exercise of stock options, net		$ 127,000	2,593,000
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration period		10 years
Employee Stock Option | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period		3 years
Employee Stock Option | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period		5 years
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost		$ 930,000
Nonvested award, cost not yet recognized, period for recognition		2 years 4 months 13 days
Options, vested in period, intrinsic value		$ 2,000,000	$ 1,600,000
Restricted Stock | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period		1 year
Restricted Stock | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period		5 years
2013 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)		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
Number of additional shares authorized (in shares)	200,000

Stock-Based Compensation Plans

Stock-Based Compensation Plans - Summary of Outstanding Stock Options (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Shares
Outstanding, beginning of period (in shares)	137,531	383,212
Exercised (in shares)	(17,648)	(245,295)
Granted (in shares)	5,000	0
Forfeited (in shares)	(5,721)	(386)
Outstanding, end of period (in shares)	119,162	137,531
Option exercisable (in shares)	114,162	137,531
Weighted Average Exercise Price
Outstanding, beginning of period (in dollars per share)	$ 10.20	$ 10.44
Exercised (in dollars per share)	7.22	10.57
Granted (in dollars per share)	14.42	0
Forfeited (in dollars per share)	16.67	12.94
Outstanding, end of period (in dollars per share)	10.50	10.20
Option exercisable (in dollars per share)	$ 10.33	$ 10.20
Outstanding, weighted average remaining contractual term	3 years 3 months 18 days	3 years 10 months 24 days
Options exercisable, weighted average remaining contractual term	3 years	3 years 10 months 24 days
Options outstanding, intrinsic value	$ 952	$ 2,306
Options exercisable, intrinsic value	$ 932	$ 2,306

STOCK-BASED COMPENSATION - Summ

STOCK-BASED COMPENSATION - Summary of Outstanding Restricted Shares (Details) - Restricted Stock - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Shares
Nonvested, beginning of period (in shares)	113,635	84,120
Granted (in shares)	103,167	117,970
Shares vested (in shares)	(87,928)	(70,090)
Shares forfeited (in shares)	(3,976)	(18,365)
Nonvested, end of period (in shares)	124,898	113,635
Weighted Average Grant-Date Fair Value
Nonvested, beginning of period (in dollars per share)	$ 22.50	$ 23.90
Granted (in dollars per share)	21.55	22.19
Shares vested (in dollars per share)	22.35	23.39
Shares forfeited (in dollars per share)	26.69	23.50
Nonvested, end of period (in dollars per share)	$ 21.69	$ 22.50

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Numerator for basic earnings per share:
Net income	$ 28,951	$ 27,848
Less: dividends and net income allocated to participating securities	(296)	(278)
Net income available to common shareholders	$ 28,655	$ 27,570
Denominator for basic earnings per share:
Basic weighted average common shares outstanding during the period (in shares)	11,569,128	11,586,651
Denominator for diluted earnings per share:
Basic weighted average common shares outstanding during the period (in shares)	11,569,128	11,586,651
Net effect of dilutive stock options (in shares)	48,652	100,438
Diluted weighted average common shares (in shares)	11,617,780	11,687,089
Earnings per common share:
Basic (in dollars per share)	$ 2.48	$ 2.38
Diluted (in dollars per share)	$ 2.47	$ 2.36

RETIREMENT SAVINGS PLAN (Detail

RETIREMENT SAVINGS PLAN (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Retirement Benefits [Abstract]
Maximum annual contributions per employee, percent	96.00%
Employer contributions to 401(k) plan	$ 706	$ 593

REGULATORY MATTERS - Narrative

REGULATORY MATTERS - Narrative (Details)	Dec. 31, 2020	Dec. 31, 2019
Banking and Thrift, Other Disclosures [Abstract]
Tier One Leverage Capital to Average Assets	0.1028	0.1201

REGULATORY MATTERS - Actual Cap

REGULATORY MATTERS - Actual Capital Amount and Ratio (Details) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019USD ($)
Actual
Total Capital (to Risk-Weighted Assets)		$ 208,233
Tier 1 Capital (to Risk-Weighted Assets)		193,536
CET1 Capital (to Risk-Weighted Assets)		193,536
Tier 1 Capital (to Average Assets) CBLR		$ 193,536
Total Capital (to Risk-Weighted Assets), ratio		0.1403
Tier 1 Capital (to Risk-Weighted Assets), ratio		0.1304
CET1 Capital (to Risk-Weighted Assets), ratio		0.1304
Tier 1 Capital (to Average Assets), ratio	0.1028	0.1201
For Capital Adequacy Purposes
Total Capital (to Risk-Weighted Assets)		$ 118,750
Tier 1 Capital (to Risk-Weighted Assets)		89,063
CET1 Capital (to Risk-Weighted Assets)		66,797
Tier 1 Capital (to Average Assets) CBLR		$ 64,437
Total Capital (to Risk-Weighted Assets), ratio		0.0800
Tier 1 Capital (to Risk Weighted Assets), ratio		0.0600
CET 1 Capital (to Risk Weighted Asset), ratio		4.50%
Tier 1 Capital (to Average Assets), ratio		0.0400
For Well Capitalized Requirement
Total Capital (to Risk-Weighted Assets)		$ 148,438
Tier 1 Capital (to Risk-Weighted Assets)		118,750
CET1 Capital (to Risk-Weighted Assets)		96,485
Tier 1 Capital (to Average Assets) CBLR		$ 80,546
Total Capital (to Risk Weighted Assets), ratio		0.1000
Tier 1 Capital (to Risk Weighted Assets), ratio		0.0800
CET 1 Capital (to Risk Weighted Assets), ratio		6.50%
Tier 1 Capital (to Average Assets), ratio		0.0500

FAIR VALUE MEASUREMENTS - Fair

FAIR VALUE MEASUREMENTS - Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Financial Assets:
Securities available-for-sale	$ 42,027	$ 26,653
Securities held-to-maturity	1,470	5,077
Equity securities	2,798	2,694
Loans held for sale	10,600	8,400
Restricted stock investments, at cost	12,999	12,986
Servicing asset	2,860	3,202	$ 3,186
Financial Liabilities:
Senior secured notes	2,000	9,600
Level 1 | Carrying Amount
Financial Assets:
Cash and cash equivalents	236,381	161,801
Equity securities	2,798	2,694
Level 1 | Fair Value
Financial Assets:
Cash and cash equivalents	236,381	161,801
Equity securities	2,798	2,694
Level 2 | Carrying Amount
Financial Assets:
Securities available-for-sale	42,027	26,653
Securities held-to-maturity	1,358	5,056
Loans held for sale	9,932	7,659
Restricted stock investments, at cost	12,999	12,986
Accrued interest receivable	9,569	5,451
Financial Liabilities:
Deposits	1,634,158	1,313,693
Borrowings	145,000	90,000
PPP Liquidity Facility	204,719	0
Senior secured notes	2,000	9,600
Accrued interest payable	534	203
Level 2 | Fair Value
Financial Assets:
Securities available-for-sale	42,027	26,653
Securities held-to-maturity	1,470	5,077
Loans held for sale	10,618	8,420
Restricted stock investments, at cost	12,999	12,986
Accrued interest receivable	9,569	5,451
Financial Liabilities:
Deposits	1,634,170	1,316,287
Borrowings	145,357	91,029
PPP Liquidity Facility	204,820	0
Senior secured notes	2,000	9,600
Accrued interest payable	534	203
Level 3 | Carrying Amount
Financial Assets:
Loan held for investment, net	1,861,610	1,361,153
Servicing asset	2,860	3,202
Level 3 | Fair Value
Financial Assets:
Loan held for investment, net	1,904,785	1,393,282
Servicing asset	$ 3,434	$ 3,246

FAIR VALUE MEASUREMENTS - Recur

FAIR VALUE MEASUREMENTS - Recurring and Nonrecurring Fair Value Measurements (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	$ 42,027,000	$ 26,653,000
Equity securities	2,798,000	2,694,000
Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	5,653,000	7,431,000
Collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	25,778,000	10,598,000
SBA Pools
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	7,891,000	8,624,000
U.S. Government and agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	2,705,000
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	42,027,000	26,653,000
Fair Value, Measurements, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	0	0
Fair Value, Measurements, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	42,027,000	26,653,000
Fair Value, Measurements, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	0	0
Fair Value, Measurements, Recurring | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	5,653,000	7,431,000
Fair Value, Measurements, Recurring | Mortgage-backed securities | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	0	0
Fair Value, Measurements, Recurring | Mortgage-backed securities | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	5,653,000	7,431,000
Fair Value, Measurements, Recurring | Mortgage-backed securities | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	0	0
Fair Value, Measurements, Recurring | Collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	25,778,000	10,598,000
Fair Value, Measurements, Recurring | Collateralized mortgage obligations | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	0	0
Fair Value, Measurements, Recurring | Collateralized mortgage obligations | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	25,778,000	10,598,000
Fair Value, Measurements, Recurring | Collateralized mortgage obligations | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	0	0
Fair Value, Measurements, Recurring | SBA Pools
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	7,891,000	8,624,000
Fair Value, Measurements, Recurring | SBA Pools | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	0	0
Fair Value, Measurements, Recurring | SBA Pools | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	7,891,000	8,624,000
Fair Value, Measurements, Recurring | SBA Pools | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	0	0
Fair Value, Measurements, Recurring | Mutual fund investment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities	2,798,000	2,694,000
Fair Value, Measurements, Recurring | Mutual fund investment | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities	2,798,000	2,694,000
Fair Value, Measurements, Recurring | Mutual fund investment | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities	0	0
Fair Value, Measurements, Recurring | Mutual fund investment | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities	0	0
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	2,705,000
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
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	2,705,000
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
Fair Value, Measurements, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	2,300,000	3,558,000
Fair Value, Measurements, Nonrecurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	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
Fair Value, Measurements, Nonrecurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	2,300,000	3,558,000
Impaired Loans | Fair Value, Measurements, Nonrecurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total nonrecurring losses recognized for impaired loans	$ (455,000)	$ 1,200,000

REVENUE RECOGNITION (Details)

REVENUE RECOGNITION (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Disaggregation of Revenue [Line Items]
Noninterest income, in-scope:	$ 2,124	$ 2,123
Total noninterest income, not in-scope	6,483	5,577
Total noninterest income	8,607	7,700
Service charges and fees on deposit accounts
Disaggregation of Revenue [Line Items]
Noninterest income, in-scope:	1,965	1,942
Other income
Disaggregation of Revenue [Line Items]
Noninterest income, in-scope:	159	181
Total noninterest income, not in-scope	1,147	971
Gain on sale of loans
Disaggregation of Revenue [Line Items]
Total noninterest income, not in-scope	4,653	3,674
Net servicing fees
Disaggregation of Revenue [Line Items]
Total noninterest income, not in-scope	644	850
Change in fair value of equity securities
Disaggregation of Revenue [Line Items]
Total noninterest income, not in-scope	$ 39	$ 82

CONDENSED FINANCIAL INFORMATI_3

CONDENSED FINANCIAL INFORMATION (PARENT COMPANY ONLY) - Condensed Balance Sheets (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
ASSETS
Cash and cash equivalents	$ 236,381	$ 161,801
Other assets	15,666	16,811
TOTAL ASSETS	2,283,115	1,690,324
LIABILITIES AND SHAREHOLDERS’ EQUITY
Senior secured notes	2,000	9,600
Total liabilities	2,002,374	1,428,519
Shareholders’ equity:
Common stock	217,734	216,398
Additional paid-in capital	3,292	3,493
Retained earnings	59,176	41,920
Accumulated other comprehensive income (loss)	539	(6)
Total shareholders’ equity	280,741	261,805	$ 248,069
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	2,283,115	1,690,324
Parent Company
ASSETS
Cash and cash equivalents	399	337
Investment in Bank subsidiary	281,844	271,189
Taxes receivable	337	0
Intercompany receivable	145	0
Other assets	42	21
TOTAL ASSETS	282,767	271,547
LIABILITIES AND SHAREHOLDERS’ EQUITY
Accrued expenses	26	13
Taxes payable	0	129
Senior secured notes	2,000	9,600
Total liabilities	2,026	9,742
Shareholders’ equity:
Preferred stock	0	0
Common stock	217,734	216,398
Additional paid-in capital	3,292	3,493
Retained earnings	59,176	41,920
Accumulated other comprehensive income (loss)	539	(6)
Total shareholders’ equity	280,741	261,805
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 282,767	$ 271,547

CONDENSED FINANCIAL INFORMATI_4

CONDENSED FINANCIAL INFORMATION (PARENT COMPANY ONLY) - Condensed Statements of Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Condensed Income Statements, Captions [Line Items]
Dividends from Bank subsidiary	$ 91,615	$ 90,354
Expense:
Interest expense	6,879	12,092
Salaries and employee benefits	28,626	25,691
Professional fees	1,875	1,633
Data processing	3,653	2,864
Income before income taxes and equity in undistributed earnings of Bank subsidiary	40,975	39,922
Income taxes	12,024	12,074
Net income	28,951	27,848
Parent Company
Condensed Income Statements, Captions [Line Items]
Dividends from Bank subsidiary	20,000	19,000
Expense:
Interest expense	207	678
Salaries and employee benefits	764	261
Professional fees	191	136
Data processing	31	28
Other expenses	453	190
Total expense	1,646	1,293
Income before income taxes and equity in undistributed earnings of Bank subsidiary	18,354	17,707
Income taxes	(487)	(383)
Income before equity in undistributed earnings of Bank subsidiary	18,841	18,090
Equity in undistributed earnings of Bank subsidiary	10,110	9,758
Net income	$ 28,951	$ 27,848

CONDENSED FINANCIAL INFORMATI_5

CONDENSED FINANCIAL INFORMATION (PARENT COMPANY ONLY) - Condensed Statements of Cash Flows (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
OPERATING ACTIVITIES
Net income	$ 28,951	$ 27,848
Changes in other asset and liabilities:
Net cash provided by operating activities	27,888	60,363
INVESTING ACTIVITIES
Net cash used in investing activities	(513,288)	(126,690)
FINANCING ACTIVITIES
Dividends paid	(11,699)	(9,927)
Repurchase of shares	(1,032)	(9,420)
Proceeds from exercise of stock options, net	127	2,593
Net cash provided by financing activities	559,980	30,752
Net change in cash and cash equivalents	74,580	(35,575)
Cash and cash equivalents, beginning of period	161,801	197,376
Cash and cash equivalents, end of period	236,381	161,801
Parent Company
OPERATING ACTIVITIES
Net income	28,951	27,848
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed earnings of Bank subsidiary	(10,110)	(9,758)
Changes in other asset and liabilities:
Taxes receivable	(208)	164
Accrued expenses	13	(35)
Intercompany payable	(145)	0
Other items, net	1,765	(2,451)
Net cash provided by operating activities	20,266	15,768
INVESTING ACTIVITIES
Net cash used in investing activities	0	0
FINANCING ACTIVITIES
Net (decrease)/increase advances in senior secured notes	(7,600)	1,150
Dividends paid	(11,699)	(9,927)
Repurchase of shares	(1,032)	(9,420)
Proceeds from exercise of stock options, net	127	2,593
Net cash provided by financing activities	(20,204)	(15,604)
Net change in cash and cash equivalents	62	164
Cash and cash equivalents, beginning of period	337	173
Cash and cash equivalents, end of period	$ 399	$ 337

EQUITY (Details)

EQUITY (Details) - USD ($) $ / shares in Units, $ in Thousands	Dec. 03, 2018	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Equity, Class of Treasury Stock [Line Items]
Cash dividends (in dollars per share)		$ 0.25	$ 0.25	$ 1	$ 0.85
Cash dividends declared				$ 11,700	$ 9,900
Repurchase of shares, value				$ 174	$ 120
Stock Repurchase Plan
Equity, Class of Treasury Stock [Line Items]
Repurchase of shares (in shares)	1,200,000			38,411
Percentage of shares outstanding authorized to be repurchased	10.00%
Repurchase of shares, average price per share (in dollars per share)				$ 22.34
Repurchase of shares, value				$ 858
Remaining number of shares authorized for repurchase (in shares)		695,489		695,489

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - USD ($) $ / shares in Units, $ in Thousands	Feb. 04, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Mar. 04, 2021	Jan. 29, 2021
Subsequent Event [Line Items]
Dividends declared (in dollars per share)		$ 0.25	$ 0.25	$ 1	$ 0.85
Deposits		$ 1,634,158	$ 1,313,693	$ 1,634,158	$ 1,313,693
Subsequent Event
Subsequent Event [Line Items]
Dividends payable (in dollars per share)						$ 0.25
Dividends declared (in dollars per share)	$ 0.25
Subsequent Event | Rowland Heights Branch
Subsequent Event [Line Items]
Deposits							$ 22,000