First Choice Bancorp 10-Q 10 May 21 2021 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2021	May 03, 2021
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2021
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 Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	true
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		11,829,308
Entity Registrant Name	First Choice Bancorp
Entity Central Index Key	0001716697
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q1
Amendment Flag	false
Current Fiscal Year End Date	--12-31

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (unaudited) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
ASSETS
Cash and due from banks	$ 29,452	$ 18,011
Interest-bearing deposits at other banks	279,994	218,370
Total cash and cash equivalents	309,446	236,381
Securities available-for-sale, at fair value	37,376	42,027
Securities held-to-maturity, at cost	1,348	1,358
Equity securities, at fair value	2,774	2,798
Restricted stock investments, at cost	12,999	12,999
Loans held for sale, at lower of cost or fair value	12,669	9,932
Loans held for investment	2,028,599	1,880,777
Allowance for loan losses	(19,271)	(19,167)
Loans held for investment, net	2,009,328	1,861,610
Accrued interest receivable	9,364	9,569
Premises and equipment	1,805	2,149
Servicing asset	2,778	2,860
Deferred taxes, net	6,407	7,385
Goodwill	73,425	73,425
Core deposit intangible	4,768	4,956
Other assets	16,257	15,666
TOTAL ASSETS	2,500,744	2,283,115
Deposits:
Noninterest-bearing demand	998,515	820,711
Money market, interest checking and savings	729,996	639,630
Time deposits	167,039	173,817
Total deposits	1,895,550	1,634,158
Borrowings	95,000	145,000
Paycheck Protection Program Liquidity Facility	209,998	204,719
Accrued interest payable and other liabilities	12,784	16,497
Total liabilities	2,213,332	2,002,374
Commitments and contingencies - Note 9
Shareholders’ equity:
Preferred stock 100,000,000 shares authorized, none outstanding	0	0
Common stock no par value; 100,000,000 shares authorized; issued and outstanding: 11,824,487 at March 31, 2021 and 11,705,684 at December 31, 2020	219,304	217,734
Additional paid-in capital	2,020	3,292
Retained earnings	65,979	59,176
Accumulated other comprehensive income, net	109	539
Total shareholders’ equity	287,412	280,741
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 2,500,744	$ 2,283,115

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (unaudited) - (Parenthetical) - shares	Mar. 31, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Preferred stock, shares authorized (in shares)	100,000,000	100,000,000
Preferred stock, shares outstanding (in shares)	0	0
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	11,824,487	11,705,684
Common stock, shares outstanding (in shares)	11,824,487	11,705,684

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020
INTEREST and DIVIDEND INCOME
Interest and fees on loans	$ 24,267	$ 24,411	$ 20,780
Interest on investment securities	152	154	218
Interest on deposits in other financial institutions	160	129	501
Dividends on restricted stock investments	213	179	245
Total interest and dividend income	24,792	24,873	21,744
INTEREST EXPENSE
Interest on savings, interest checking and money market accounts	338	344	1,109
Interest on time deposits	250	555	995
Interest on borrowings	193	205	376
Total interest expense	961	1,340	2,571
Net interest income	23,831	23,533	19,173
Provision for loan losses	0	100	2,700
Net interest income after provision for loan losses	23,831	23,433	16,473
NONINTEREST INCOME
Gain on sale of loans	706	3,286	377
Service charges and fees on deposit accounts	483		596
Net servicing fees	400	201	224
Other income	707	239	259
Total noninterest income	2,254	4,194	1,415
NONINTEREST EXPENSE
Salaries and employee benefits	7,578	7,884	7,230
Occupancy and equipment	1,083	1,168	1,063
Data processing	1,022	1,017	807
Professional fees	437	462	471
Office, postage and telecommunications	290	300	258
Deposit insurance and regulatory assessments	295	318	61
Loan related	136	84	275
Customer service related	107	60	372
Amortization of core deposit intangible	188	192	193
Other expenses	961	836	789
Total noninterest expense	12,097	12,321	11,519
Income before taxes	13,988	15,306	6,369
Income taxes	4,230	4,512	1,823
Net income	$ 9,758	$ 10,794	$ 4,546
Net income per share:
Basic (in dollars per share)	$ 0.83	$ 0.92	$ 0.39
Diluted (in dollars per share)	$ 0.82	$ 0.92	$ 0.39
Weighted-average common shares outstanding:
Basic (in shares)	11,614,333	11,580,236	11,558,039
Diluted (in shares)	11,673,475	11,620,582	11,632,050
Service charges and fees on deposit accounts
NONINTEREST INCOME
Service charges and fees on deposit accounts	$ 441	$ 468	$ 555
Line of Credit
INTEREST EXPENSE
Interest on Paycheck Protection Program Liquidity Facility and senior secured notes	171	216	0
Senior Notes
INTEREST EXPENSE
Interest on Paycheck Protection Program Liquidity Facility and senior secured notes	$ 9	$ 20	$ 91

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020
Statement of Comprehensive Income [Abstract]
Net income	$ 9,758	$ 10,794	$ 4,546
Unrealized (loss) gain on investment securities:
Change in net unrealized (loss) gain on available-for-sale securities	(610)	(150)	527
Income tax benefit (expense):
Income tax benefit (expense) related to net unrealized holding loss (gains)	180	44	(156)
Total other comprehensive (loss) income	(430)	(106)	371
Total comprehensive net income	$ 9,328	$ 10,688	$ 4,917

Condensed Consolidated Statem_3

Condensed Consolidated Statement of Shareholders' Equity (unaudited) - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss), net
Beginning balance (in shares) at Dec. 31, 2019		11,635,531
Beginning balance at Dec. 31, 2019	$ 261,805	$ 216,398	$ 3,493	$ 41,920	$ (6)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	4,546			4,546
Cash dividends	(2,924)			(2,924)
Stock-based compensation	484		481	3
Issuance of restricted shares, net of forfeitures (in shares)		69,035
Vesting of restricted shares	0	$ 1,764	(1,764)
Repurchase of shares from restricted shares vesting (in shares)		(5,482)
Repurchase of shares from restricted shares vesting	$ (138)	$ (138)
Exercise of stock options (in shares)	1,930	1,930
Exercise of stock options	$ 21	$ 53	(32)
Common stock repurchased under stock repurchase program (in shares)		(38,411)
Common stock repurchased under stock repurchase program	(858)	$ (858)
Other comprehensive income, net of taxes	371				371
Ending balance (in shares) at Mar. 31, 2020		11,662,603
Ending balance at Mar. 31, 2020	263,307	$ 217,219	2,178	43,545	365
Beginning balance (in shares) at Dec. 31, 2020		11,705,684
Beginning balance at Dec. 31, 2020	280,741	$ 217,734	3,292	59,176	539
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	9,758			9,758
Cash dividends	(2,956)			(2,956)
Stock-based compensation	592		591	1
Issuance of restricted shares, net of forfeitures (in shares)		131,896
Vesting of restricted shares	0	$ 1,773	(1,773)
Repurchase of shares from restricted shares vesting (in shares)		(18,623)
Repurchase of shares from restricted shares vesting	$ (353)	$ (353)
Exercise of stock options (in shares)	5,530	5,530
Exercise of stock options	$ 60	$ 150	(90)
Other comprehensive income, net of taxes	(430)				(430)
Ending balance (in shares) at Mar. 31, 2021		11,824,487
Ending balance at Mar. 31, 2021	$ 287,412	$ 219,304	$ 2,020	$ 65,979	$ 109

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Shareholders' Equity (unaudited) - (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Statement of Stockholders' Equity [Abstract]
Cash dividends (in dollars per share)	$ 0.25	$ 0.25

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020
OPERATING ACTIVITIES
Net income	$ 9,758	$ 10,794	$ 4,546
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	491		398
Amortization of premiums of investment securities	72		32
Amortization of servicing asset	255		282
Provision for loan losses	0	100	2,700
Provision for losses - unfunded commitments	200		0
Gain on sale of loans	(706)	(3,286)	(377)
Gain on branch sale	(476)		0
Loans originated for sale	(10,402)		(8,402)
Proceeds from loans originated for sale	8,080		3,783
Accretion of net discounts and deferred loan fees, net	(3,794)		(1,195)
Change in fair value of equity securities	37		(42)
Deferred income taxes	1,158		538
Stock-based compensation	592		484
Appreciation of Bank Owned Life Insurance	(27)		(27)
Net decrease in other items, net	(4,277)		(969)
Net cash provided by operating activities	961		1,751
INVESTING ACTIVITIES
Proceeds from maturities and paydown of securities available-for-sale	3,971		1,195
Proceeds from maturities and paydown of securities held-to-maturity	8		3,360
Purchase of securities available-for-sale	0	(8,000)	(12,978)
Net increase in loans held-for-investment	(143,806)		(63,196)
Purchase of restricted stock investments	0		(13)
Purchase of equity and qualified CRA investments	(46)		(22)
Purchases of premises and equipment	(20)		(769)
Net cash transfer for branch sale	(21,599)		0
Net cash used in investing activities	(161,492)		(72,423)
FINANCING ACTIVITIES
Net increase in deposits	283,566		37,347
Net increase in short-term borrowings	0		50,000
Repayment and maturities of long term FHLB borrowings	(50,000)		0
Repayment of Paycheck Protection Program Liquidity Facility	(45,412)		0
Proceeds from Paycheck Protection Program Liquidity Facility	50,691		0
Repayment of senior secured notes	(2,000)		(4,900)
Proceeds from senior secured notes	0		3,900
Cash dividends paid	(2,956)		(2,924)
Repurchase of shares	(353)		(996)
Proceeds from exercise of stock options	60		21
Net cash provided by financing activities	233,596		82,448
Net increase in cash and cash equivalents	73,065		11,776
Cash and cash equivalents, beginning of period	236,381		161,801
Cash and cash equivalents, end of period	309,446	$ 236,381	173,577
Cash paid during the period for:
Interest paid	948		2,468
Taxes paid	0		0
Noncash investing and financing activities:
Transfers of loans (to) from held for investment (from) to held for sale	(277)		933
Servicing rights asset recognized	173		68
Reduction of operating lease right-of-use assets and lease liabilities from branch sale	$ 509		$ 0

BASIS OF PRESENTATION AND SUMMA

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2021
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 Holdings, LLC is used for holding other real estate owned and other assets acquired by foreclosure. References herein to “First Choice Bancorp,” “Bancorp” or the “holding company,” refer to First Choice Bancorp on a stand-alone basis. The words “we," "us," "our," or the "Company" refer to First Choice Bancorp, First Choice Bank and PCB Real Estate Holdings, LLC collectively and on a consolidated basis. References to the “Bank” refer to First Choice Bank and PCB Real Estate Holdings, LLC on a consolidated basis. 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. The Bank is a Preferred Small Business Administration (“SBA”) Lender and 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 who acquired certain branch assets and assumed certain branch liabilities including deposits. No loans were sold as part of the transaction. The assets and liabilities of the Rowland Heights branch that were sold in this transaction primarily consisted of $117 thousand of cash and cash equivalents and $22 million of deposits. The transaction resulted in a net cash payment to the third party financial institution of $21.6 million, and a gain on sale of $476 thousand as a component of other noninterest income in the condensed consolidated statements of income. On April 26, 2021, the Company entered into a definitive merger agreement pursuant to which the Company will merge into Enterprise Financial Services Corp ("EFSC") in an all-stock transaction. Refer to Note 17. Subsequent Events, for more information about the definitive merger agreement. As a California-chartered member bank, the Bank is primarily regulated by the California Department of Financial Protection and Innovation (the “DFPI”) and the Board of Governors of the Federal Reserve System (the “Federal Reserve”). The Bank’s deposits are insured up to the maximum legal limit by the Federal Deposit Insurance Corporation (the “FDIC”). First Choice Bancorp's stock is traded on the Nasdaq Capital Market under the ticker symbol “FCBP.” Basis of Presentation The accompanying unaudited condensed consolidated financial statements include the accounts of First Choice Bancorp, and its wholly-owned subsidiary, First Choice Bank, and the Bank's wholly-owned subsidiary, PCB Real Estate Holdings, LLC, and have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X for interim financial information. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments, consisting of normal recurring adjustments considered necessary to a fair presentation of the results for the interim periods presented have been included. Unaudited interim results for the three months ended March 31, 2021 are not necessarily indicative of the results that may be expected for the full year ending December 31, 2021. These unaudited interim period condensed consolidated financial statements should be read in conjunction with our audited consolidated financial statements as of and for the years ended December 31, 2020 and 2019, which are included in our Annual Report on Form 10-K filed with the Securities and Exchange Commission (the "SEC"). The December 31, 2020 condensed consolidated balance sheet presented herein has been derived from the audited financial statements included in the Annual Report on Form 10-K for the year ended December 31, 2020 filed with the SEC. All significant intercompany balances and transactions have been eliminated in consolidation. Use of Estimates in the Preparation of Consolidated Financial Statements The preparation of the 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. Accounting Policies There were no significant changes to our accounting policies from those disclosed in our Annual Report on Form 10-K for the year ended December 31, 2020 under the section entitled Note 1 - Basis of Presentation and Summary of Significant Accounting Policies to the audited consolidated financial statements included therewith. Accounting Standards Adopted in 2021 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 was effective for the Company on January 1, 2021. The adoption of ASU 2019-12 did not have a material impact to the Company's 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 of this guidance may be elected retrospectively as of any date from the beginning of the interim period that includes March 12, 2020, or prospectively to new modifications made on or after any date that includes January 7, 2021. The Company adopted this guidance on January 1, 2021 on a prospective basis and will assess the impact in conjunction with ASU 2020-04 as it occurs next year. The adoption of ASU 2021-01 did not have a material impact to the Company's consolidated financial statements. Recent Accounting Guidance Not Yet Effective In June 2016, the FASB issued ASU 2016-13, Financial Instruments—Credit Losses (Topic 326) (“ASU 2016-13”), also known as "CECL." This guidance will replace the incurred loss impairment methodology used to estimate the allowance for credit losses in current GAAP with a methodology that reflects future expected credit losses and requires consideration of a broader range of reasonable and supportable forecasts in the credit loss estimates. On October 16, 2019, the FASB delayed the effective date of ASU 2016-13 for smaller reporting companies, private companies and other non-SEC filers. The Company qualifies as a "smaller reporting company" under the regulations of the SEC. Therefore, this ASU will be effective for the Company on January 1, 2023 with early adoption permitted. The Company is considering early adoption of ASU 2016-13. Management has a cross functional committee in place to oversee the project, has selected a software to implement the new guidance using peer historical loss data, has engaged an existing third-party service provider to assist in 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, run high-level sensitivity analysis and parallel calculations. The Company expects to complete testing of final modeling assumptions and run additional parallel calculations in the second and third quarter of 2021. 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 Company plans to adopt this guidance with ASU 2016-13 (Topic 326). The Company has not yet determined the potential impact of the adoption of ASU 2019-05 to the consolidated financial statements. In November 2019, the FASB issued ASU 2019-11, Codification Improvements to Financial Instruments - Credit Losses (Topic 326) which clarifies certain aspects of Topic 326 guidance issued in ASU 2016-13 including guidance providing transition relief for TDRs. This ASU will be effective upon adoption of ASU 2016-13 (Topic 326). The Company plans to adopt this guidance with ASU 2016-13 (Topic 326). The Company has not yet determined the potential impact of the adoption of ASU 2019-11 to the consolidated financial statements. On March 12, 2020, the FASB issued ASU 2020-04, Facilitation of the Effects of Reference Rate Reform on Financial Reportin g (ASU 2020-04), which provides optional expedients and exceptions for applying generally accepted accounting principles (GAAP) to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The amendments apply only to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. The amendments are effective for contract modifications as of March 12, 2020 through December 31, 2022. The expedients and exceptions provided by the amendments do not apply to contract modifications made and hedging relationships entered into or evaluated after December 31, 2022, except for hedging relationships existing as of December 31, 2022, that an entity has elected certain optional expedients for and that are retained through the end of the hedging relationship. Management has identified the contracts that will be impacted by the reference rate reform and are reviewing the contracts of LIBOR-based products to ensure that the Company's documentation provides for the flexibility to move to alternative reference rates. The Company has not yet chosen a substitute reference rate or index. The Company has not yet determined the potential impact of the adoption of ASU 2020-04 to the consolidated financial statements.

INVESTMENT SECURITIES

INVESTMENT SECURITIES	3 Months Ended
	Mar. 31, 2021
Investments, Debt and Equity Securities [Abstract]
INVESTMENT SECURITIES	INVESTMENT SECURITIES Investment securities have been classified in the condensed consolidated balance sheets according to management’s intent. The carrying amount of securities held-to-maturity and securities available-for-sale and their approximate fair values at the periods indicated were as follows: Amortized Gross Gross Fair (dollars in thousands) March 31, 2021 Securities available-for-sale: U.S. Government and agency securities $ 2,679 $ — $ (51) $ 2,628 Mortgage-backed securities 4,774 123 — 4,897 Collateralized mortgage obligations 22,522 208 (331) 22,399 SBA pools 7,246 213 (7) 7,452 $ 37,221 $ 544 $ (389) $ 37,376 Securities held-to-maturity: Mortgage-backed securities $ 1,348 $ 69 $ — $ 1,417 $ 1,348 $ 69 $ — $ 1,417 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 The amortized cost and estimated fair value of all investment securities held-to-maturity and available-for-sale at March 31, 2021, by contractual maturities are shown below. Contractual maturities may differ from expected maturities because the obligors and/or issuers may have the right to call or prepay obligations with or without call or prepayment penalties. Held to Maturity Available for Sale Amortized Fair Amortized Fair (dollars in thousands) Due in one year or less $ — $ — $ — $ — Due after one year through five years — — — — Due after five years through ten years — — — — Due after ten years 1,348 1,417 37,221 37,376 $ 1,348 $ 1,417 $ 37,221 $ 37,376 At March 31, 2021 and 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, purchases, maturities or calls of investment securities available-for-sale and held-to-maturity during the three months ended March 31, 2021. There were $8.0 million and $13.0 million in purchases of investment securities available-for-sale during the three months ended December 31, 2020 and March 31, 2020. There were no sales, maturities or calls of any investment securities during the three months ended December 31, 2020. There were $3.4 million in calls of U.S. Government and agency securities held-to-maturity and no sales or maturities of any investment securities during the three months ended March 31, 2020. At March 31, 2021 and December 31, 2020, securities held-to-maturity with a carrying amount of $1.3 million and $1.4 million were pledged to the Federal Reserve Bank as discussed in Note 7 – Borrowing Arrangements . As of March 31, 2021 and December 31, 2020, 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 March 31, 2021 (dollars in thousands) Securities available-for-sale: U.S. Government and agency securities $ (51) $ 2,628 $ — $ — $ (51) $ 2,628 Collateralized mortgage obligations (329) 12,326 (2) 1,262 (331) 13,588 SBA pools (7) 1,172 — — (7) 1,172 $ (387) $ 16,126 $ (2) $ 1,262 $ (389) $ 17,388 December 31, 2020 Securities available-for-sale: Collateralized mortgage obligations $ (102) $ 10,429 $ — $ — $ (102) $ 10,429 $ (102) $ 10,429 $ — $ — $ (102) $ 10,429 At March 31, 2021, the Company had seven investment securities available-for-sale in an unrealized loss position with total unrealized losses of $389 thousand. Such unrealized losses on these investment securities have not been recognized into income. The Company does not believe these unrealized losses are other-than-temporary because the issuers’ bonds are above investment grade, the decline in fair value is largely due to changes in interest rates, and management does not intend to sell these securities nor is it more likely than not that management would be required to sell the securities prior to their anticipated recovery. Equity Securities with a Readily Determinable Fair Value At March 31, 2021 and December 31, 2020, equity securities with a readily determinable fair value of $2.8 million for both periods were represented by a mutual fund investment consisting of high-quality debt securities and other debt instruments supporting domestic affordable housing and community development. The Company recognized net losses of $37 thousand, and $9 thousand and net gains of $42 thousand related to changes in fair value during the three months ended March 31, 2021, December 31, 2020 and March 31, 2020, respectively, all of which related to equity securities held during those periods. Restricted Stock Investments The Bank is a member of the FHLB system. Members are required to own FHLB stock of the greater of 1% of FHLB membership asset value or 2.7% of outstanding FHLB advances. At March 31, 2021 and December 31, 2020, the Bank owned $6.1 million of FHLB stock which is carried at cost. During the three months ended March 31, 2021 and 2020, there were no required purchases of FHLB stock. The Company evaluated the carrying value of our FHLB stock investment at March 31, 2021 and determined that it was not impaired. This evaluation considered the long-term nature of the investment, the current financial and liquidity position of the FHLB, repurchase activity of excess stock by the FHLB at its carrying value, the return on the investment from recurring and special dividends, and our intent and ability to hold this investment for a period of time sufficient to recover our recorded investment. As a member of the Federal Reserve Bank of San Francisco, the Company owned $6.9 million of Federal Reserve stock, which is carried at cost, at March 31, 2021 and December 31, 2020. There were no required purchases of Federal Reserve stock during the three months ended March 31, 2021. The Company purchased $13 thousand of Federal Reserve stock during the three months ended March 31, 2020. The Company evaluated the carrying value of Federal Reserve stock investment at March 31, 2021 and determined that it was not impaired. This evaluation considered the long-term nature of the investment, the current financial and liquidity position of the Federal Reserve, repurchase activity of excess stock by the Federal Reserve at its carrying value, the return on the investment from recurring dividends, and our intent and ability to hold this investment for a period of time sufficient to recover our recorded investment. Other Equity Securities Without A Readily Determinable Fair Value The Company also has equity securities in the form of capital stock invested in two different banker’s bank stock (collectively "Other Bank Stocks") which totaled $1.0 million at March 31, 2021 and December 31, 2020 and are reported in other assets in the condensed consolidated balance sheets. During the three months ended March 31, 2021, 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 at March 31, 2021 and December 31, 2020. Clearinghouse CDFI is a for-profit institution that is committed to provide economic opportunities and to improve the quality of life for low-income individuals and to improve the communities through innovative and affordable financing. The purpose of this investment, first and foremost, aligns with our mission statement as a community bank to help the underserved people in our communities, while achieving a satisfactory return on capital. Additionally, this investment provides the Bank with Community Reinvestment Act ("CRA") investment credits. This equity security is recorded at cost and is included in other assets in the condensed consolidated balance sheets. During the three months ended March 31, 2021 and 2020, the Company did not purchase additional securities. During the three months ended December 31, 2020, the Company purchased additional securities of $1.5 million. At March 31, 2021, the Company evaluated the carrying value of this equity security and determined that it was not impaired, and no loss was recognized related to changes in the fair value. Qualified Affordable Housing Project Investments The Company also has commitments and investments in two partnerships that sponsor affordable housing projects utilizing the Low Income Housing Tax Credit ("LIHTC") pursuant to Section 42 of the Internal Revenue Code. These investments are recorded net of accumulated amortization, using the proportional amortization method. Under the proportional amortization method, the initial cost of the investments is being amortized in proportion to the tax credits and other tax benefits received, and the amortization is recognized as part of income tax expense in the condensed consolidated statements of income. Total estimated tax credits allocated and proportional amortization expense recognized were $27 thousand and $27 thousand for the three months ended March 31, 2021. At March 31, 2021 and December 31, 2020, the net LIHTC investment totaled $841 thousand and $808 thousand and is reported in other assets in the condensed consolidated balance sheets. During the three months ended March 31, 2021 and 2020, the Company made capital contributions of $60 thousand and $26 thousand. At March 31, 2021, 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	3 Months Ended
	Mar. 31, 2021
Receivables [Abstract]
LOANS	LOANS The Company's loan portfolio consists primarily of loans to borrowers within our principal market area of Los Angeles, Orange and San Diego Counties, California. Although the Company seeks to avoid concentrations of loans to a single industry or based upon a single class of collateral, real estate and real estate associated businesses, such as hospitality businesses, are among the principal industries in the Company's market area and, as a result, the Company's loan and collateral portfolios are, to some degree, concentrated in those industries. The Company also originates SBA loans either for sale to institutional investors or to hold in the loan portfolio. Loans identified as held for sale are carried at the lower of their net carrying value or market value and separately designated as such in the condensed consolidated financial statements. A portion of the Company's revenues are from origination and servicing of loans guaranteed by the SBA under its various programs and sale of the guaranteed portions of the loans. Funding for these loans depends on annual appropriations by the U.S. Congress. Beginning in April of 2020, the Company participated in the Paycheck Protection Program ("PPP"), administrated by the SBA, in assisting borrowers with additional liquidity. PPP loans are 100% guaranteed by the SBA and carry a fixed rate of 1.00%. 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. The 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. In the first quarter of 2021, the Company participated in the First Draw and Second Draw PPP Loan Programs 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 (also known as "PPP Round 3"). Like the 2020 PPP, loans originated in PPP Round 3 are fully guaranteed by the SBA and are subject to potential forgiveness by the SBA. PPP Round 3 is scheduled to expire on May 31, 2021. At loan origination, the Company was paid a processing fee from the SBA ranging from 1% to 5% based on the loan size. At March 31, 2021, PPP loans, net of unearned fees of $10.5 million, totaled $442.7 million. The unearned fees are being accreted to interest income based on a contractual maturity of two years (loans originated before June 5, 2020) or five years (all other PPP loans). The SBA began approving forgiveness applications and making payments as forgiveness was approved in the fourth quarter of 2020. During the first quarter of 2021, approximately $67.9 million of PPP loans originated in 2020 were forgiven by the SBA or repaid by the borrowers. Net PPP deferred fees of $1.4 million were accelerated to income in the first quarter of 2021 at the time of SBA forgiveness or borrower repayment. PPP loans forgiven-to-date totaled $140.9 million at March 31, 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 March 31, 2021, the Company had $210.0 million in borrowings under the PPPLF with a fixed rate of 0.35% which were collateralized by PPP loans. See Note 7 –Borrowing Arrangements for additional information regarding the PPPLF. In 2020, the Company 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 Main Street Facilities, LLC, a special purpose vehicle ("SPV") organized by the Federal Reserve to purchase the participation interest from eligible lenders, including the Bank. During the fourth quarter of 2020, the Company originated 28 loans under the Main Street Lending Program totaling $102.4 million in principal and sold participation interest totaling $97.3 million to the SPV, resulting in a gain on sale of $660 thousand. 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 and no Main Street loan originations or sales occurred in the first quarter of 2021. As of March 31, 2021, the Company had pledged $1.65 billion of loans with the FHLB under a blanket lien, of which $871.6 million was considered as eligible collateral under this secured borrowing arrangement, and loans with an unpaid principal balance of $226.6 million were pledged as collateral under a secured borrowing arrangement with the Federal Reserve. See Note 7 – Borrowing Arrangements for additional information regarding the FHLB and Federal Reserve secured lines of credit. The loans held for investment portfolio includes originated and acquired loans. The acquired loans includes: (i) loans that were not credit impaired on the date of acquisition ("Non-PCI"); and (ii) purchased credit impaired ("PCI") loans, which are defined as loans with evidence of credit deterioration since their originations and for which it is probable that collection of all contractually required payments are unlikely as of the acquisition date. The following table presents loans held for investment, net, by loan class at the periods indicated: March 31, 2021 December 31, 2020 (dollars in thousands) Construction and land development $ 229,637 $ 197,634 Real estate: Residential 25,505 27,683 Commercial real estate - owner occupied 159,039 161,823 Commercial real estate - non-owner occupied 572,414 550,788 Commercial and industrial 366,706 388,814 SBA loans (1) 688,197 562,842 Consumer 3 1 Loans held for investment, net of discounts (2) 2,041,501 1,889,585 Net deferred origination fees (1) (12,902) (8,808) Loans held for investment 2,028,599 1,880,777 Allowance for loan losses (19,271) (19,167) Loans held for investment, net $ 2,009,328 $ 1,861,610 (1) Includes PPP loans with total outstanding principal of $453.2 million and $326.7 million and net unearned fees of $10.5 million and $6.6 million at March 31, 2021 and December 31, 2020, respectively. (2) Loans held for investment, net of discounts includes the net carrying value of PCI loans of $722 thousand and $761 thousand at March 31, 2021 and December 31, 2020. The following table presents the components of loans held for investment at the periods indicated: March 31, 2021 December 31, 2020 (dollars in thousands) Gross loans (1) $ 2,048,902 $ 1,897,599 Unamortized net discounts (2) (7,401) (8,014) Net unamortized deferred origination fees (3) (12,902) (8,808) Loans held for investment $ 2,028,599 $ 1,880,777 (1) Gross loans include PPP loans of $453.2 million and $326.7 million at March 31, 2021 and December 31, 2020 and the net carrying value of PCI loans of $722 thousand and $761 thousand at March 31, 2021 and December 31, 2020. (2) Unamortized net discounts include discounts related to the retained portion of SBA loans and Main Street loans and net discounts on acquired loans. At March 31, 2021, unamortized net discounts include $3.4 million associated with loans acquired in the PCB acquisition and expected to be accreted into interest income over a weighted average life of 3.6 years. At December 31, 2020, unamortized net discounts on acquired loans associated with the PCB acquisition totaled $3.9 million. (3) Net unamortized deferred origination fees include $10.5 million and $6.6 million for PPP loans at March 31, 2021 and December 31, 2020. The following table presents a summary of the changes in the allowance for loan losses for the periods indicated: Three Months Ended March 31, 2021 2020 (dollars in thousands) Balance, beginning of period $ 19,167 $ 13,522 Provision for loan losses (1) — 2,700 Charge-offs (2) (28) Recoveries 106 24 Net recoveries (charge-offs) 104 (4) Balance, end of period $ 19,271 $ 16,218 (1) No provision for loan losses on PPP loans was recognized for the three months ended at March 31, 2021 as these loans are 100% guaranteed by the SBA under the program. The following tables present the activity in the allowance for loan losses, the composition of the period end allowance, and the loans evaluated for impairment by loan class for the periods indicated: Three Months Ended March 31, 2021 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, 2020 $ 2,129 $ 233 $ 1,290 $ 5,545 $ 6,714 $ 3,256 $ — $ 19,167 Provision for (reversal of) loan losses 407 (13) 15 316 (455) (270) — — Charge-offs — — — — (2) — — (2) Recoveries — — — — 106 — — 106 Net recoveries — — — — 104 — — 104 Balance, March 31, 2021 $ 2,536 $ 220 $ 1,305 $ 5,861 $ 6,363 $ 2,986 $ — $ 19,271 Reserves: Specific $ — $ — $ — $ 76 $ — $ — $ — $ 76 General 2,536 220 1,305 5,785 6,363 2,986 — 19,195 $ 2,536 $ 220 $ 1,305 $ 5,861 $ 6,363 $ 2,986 $ — $ 19,271 Loans evaluated for impairment: Individually $ — $ — $ 1,255 $ 1,234 $ 120 $ 1,899 $ — $ 4,508 Collectively 229,637 25,505 157,703 571,180 366,339 685,904 3 2,036,271 PCI loans — — 81 — 247 394 — 722 $ 229,637 $ 25,505 $ 159,039 $ 572,414 $ 366,706 $ 688,197 $ 3 $ 2,041,501 Three Months 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, September 30, 2020 $ 2,370 $ 275 $ 1,280 $ 5,580 $ 6,264 $ 2,965 $ — $ 18,734 Provision for (reversal of) loan losses (241) (42) 10 (35) 138 270 — 100 Charge-offs — — — — (5) — — (5) Recoveries — — — — 317 21 — 338 Net recoveries — — — — 312 21 — 333 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 loans — — 88 — 265 408 — 761 $ 197,634 $ 27,683 $ 161,823 $ 550,788 $ 388,814 $ 562,842 $ 1 $ 1,889,585 Three Months Ended March 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 148 41 (74) 1,057 1,305 222 1 2,700 Charge-offs — — — — (7) (21) — (28) Recoveries — — — — 12 12 — 24 Net charge-offs — — — — 5 (9) — (4) Balance, March 31, 2020 $ 2,498 $ 333 $ 844 $ 4,131 $ 5,455 $ 2,954 $ 3 $ 16,218 Reserves: Specific $ — $ — $ — $ 215 $ — $ 877 $ — $ 1,092 General 2,498 333 844 3,916 5,455 2,077 3 15,126 $ 2,498 $ 333 $ 844 $ 4,131 $ 5,455 $ 2,954 $ 3 $ 16,218 Loans evaluated for impairment: Individually $ — $ — $ 1,560 $ 1,368 $ 187 $ 6,339 $ — $ 9,454 Collectively 233,607 42,904 146,851 475,104 349,460 180,542 450 1,428,918 PCI loans — — 106 — 443 526 — 1,075 $ 233,607 $ 42,904 $ 148,517 $ 476,472 $ 350,090 $ 187,407 $ 450 $ 1,439,447 The Company categorizes loans by risk categories based on relevant information about the ability of borrowers to service their debt such as current financial information, historical payment experience, collateral adequacy, credit documentation, and current economic trends, among other factors. The Company analyzes loans individually by classifying the loans as to credit risk. This analysis typically includes larger, non-homogeneous loans such as commercial real estate and commercial and industrial loans. This analysis is performed on an ongoing basis as new information is obtained. The Company uses the following definitions for risk ratings: Pass - Loans classified as pass represent assets with a level of credit quality which contain no well-defined deficiency or weakness. Special Mention - Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date. Substandard - Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Doubtful - Loans classified as doubtful have all the weaknesses inherent in those classified Substandard with the added characteristic that the weaknesses make collection or liquidation in full, based on currently known facts, conditions and values, highly questionable and improbable. Loss - Loans classified loss are considered uncollectible and of such little value that their continuance as loans is not warranted. The following tables present loans held for investment, net of discounts by loan class and risk category, excluding PCI loans, at the periods indicated: March 31, 2021 Pass Special Substandard (1) Total (dollars in thousands) Construction and land development $ 229,637 $ — $ — $ 229,637 Real estate: Residential 25,505 — — 25,505 Commercial real estate - owner occupied 154,182 3,396 1,380 158,958 Commercial real estate - non-owner occupied 562,671 7,137 2,606 572,414 Commercial and industrial 362,350 300 3,809 366,459 SBA loans 680,329 — 7,474 687,803 Consumer 3 — — 3 $ 2,014,677 $ 10,833 $ 15,269 $ 2,040,779 (1) At March 31, 2021, substandard loans included $4.2 million of impaired loans and excluded $317 thousand of performing TDRs. There were no loans classified as doubtful or loss at March 31, 2021. December 31, 2020 Pass Special 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 and excluded $319 thousand of performing TDRs . There were no loans classified as special mention, doubtful or loss at December 31, 2020. The following tables present past due and nonaccrual loans, net of discounts by loan class, excluding PCI loans, at the periods indicated: March 31, 2021 Still Accruing 30-59 Days 60-89 Days 90 Days or more Nonaccrual (dollars in thousands) Real estate: Commercial real estate - owner occupied $ — $ — $ — $ 1,255 Commercial real estate - non-owner occupied — — — 1,234 Commercial and industrial 1 — — 120 SBA loans — — — 1,582 Total $ 1 $ — $ — $ 4,191 December 31, 2020 Still Accruing 30-59 Days 60-89 Days 90 Days or more 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 A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. Recorded investment represents unpaid principal balance, net of charge-offs, discounts, premiums and interest applied to principal on nonaccrual loans, if any. The following tables present impaired loans, excluding PCI loans, by loan class at the periods indicated: March 31, 2021 Impaired Loans Unpaid Recorded Without With Related (dollars in thousands) Real estate: Commercial real estate - owner occupied $ 1,307 $ 1,255 $ 1,255 $ — $ — Commercial real estate - non-owner occupied 1,277 1,234 — 1,234 76 Commercial and industrial 120 120 120 — — SBA loans 2,176 1,899 1,899 — — Total $ 4,880 $ 4,508 $ 3,274 $ 1,234 $ 76 (1) Includes TDRs on accrual of $317 thousand. December 31, 2020 Impaired Loans Unpaid Recorded 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) Includes TDRs on accrual of $319 thousand. The following tables present the average recorded investment in impaired loans, excluding PCI loans, and related interest income recognized by loan class for the periods indicated: Three Months Ended March 31, 2021 December 31, 2020 March 31, 2020 Average Interest Average Interest Average Interest (dollars in thousands) Real estate: Residential $ 127 $ — $ 256 $ — $ — $ — Commercial real estate - owner occupied 1,274 — 1,302 — 2,607 — Commercial real estate - non-owner occupied 1,349 — 3,876 — 1,368 — Commercial and industrial 152 — 183 — 193 — SBA loans 2,735 6 4,421 6 6,677 7 Total $ 5,637 $ 6 $ 10,038 $ 6 $ 10,845 $ 7 At March 31, 2021 and December 31, 2020, the total recorded investment for loans identified as a TDR was approximately $394 thousand and $666 thousand. There were no specific reserves allocated for these loans and the Company had not committed to lend any additional amounts to customers with outstanding loans that are classified as TDRs at March 31, 2021. Loan modifications resulting in TDR status generally included one or a combination of the following concessions: extensions of the maturity date, principal payment deferments or signed forbearance agreements with a payment plan. During the three months ended March 31, 2021, December 31, 2020 and March 31, 2020, there were no new loan modifications resulting in TDRs. During the three months ended March 31, 2021, there were no TDRs for which there was a payment default within twelve months following the modification. During the three months ended December 31, 2020 and March 31, 2020, there was $82 thousand and $85 thousand TDRs for which there was a payment default within twelve months following the modification. A loan is considered to be in payment default once it is 90 days contractually past due under the modification. COVID-Related Loan Deferments At March 31, 2021, the Company had five loans on payment deferral for COVID-19 related reasons, four of which were from one relationship totaling $5.7 million. At December 31, 2020, the Company had three loans totaling $3.3 million on payment deferral for COVID-19 related reasons. Loans that were granted deferrals before the fourth quarter of 2020 have resumed making regular, contractually agreed-upon payments or were paid off. At March 31, 2021, no loan on payment deferral was reported as non-accrual and none are reported as TDRs under Section 4013 of the CARES Act. Loans Held for Sale

TRANSFERS AND SERVICING OF FINA

TRANSFERS AND SERVICING OF FINANCIAL ASSETS	3 Months Ended
	Mar. 31, 2021
Transfers and Servicing [Abstract]
TRANSFERS AND SERVICING OF FINANCIAL ASSETS	TRANSFERS AND SERVICING OF FINANCIAL ASSETS The Company sells loans in the secondary market and, for certain loans, retains the servicing responsibility. The loans serviced for others are accounted for as sales and, therefore, are not included in the accompanying condensed consolidated balance sheets. Loans serviced for others totaled $454.1 million and $454.3 million at March 31, 2021 and December 31, 2020. This includes SBA loans serviced for others of $223.7 million at March 31, 2021 and $222.5 million at December 31, 2020 for which there is a related servicing asset of $2.8 million and $2.9 million. In addition, the loan servicing portfolio includes construction and land development loans, commercial real estate loans and commercial & industrial loans participated with various other institutions and Main Street SPV of $230.4 million and $231.8 million at March 31, 2021 and December 31, 2020 for which there is no related servicing asset. Consideration for each SBA loan sale includes the cash received and a related servicing asset. The Company receives servicing fees ranging from 0.25% to 1.00% for the services provided over the life of the loan. The servicing asset is based on the estimated fair value of these future cash flows to be collected. The risk inherent in the SBA servicing asset primarily relates to accelerated prepayment of loans in excess of what was originally modeled driven by changes in interest rates and a reduction in the estimated future cash flows. The servicing asset activity includes additions from loan sales with servicing retained and reductions from amortization as the serviced loans are repaid and servicing fees are earned. The SBA servicing asset activity is summarized for the periods indicated: Three Months Ended March 31, 2021 2020 (dollars in thousands) Balance, beginning of period $ 2,860 $ 3,202 Additions 173 68 Amortization (255) (282) Balance, end of period $ 2,778 $ 2,988 The fair value of the servicing asset for SBA loans is measured quarterly and was $3.7 million and $3.4 million as of March 31, 2021 and December 31, 2020. The significant assumptions used in the valuation of the SBA servicing asset at March 31, 2021 included a weighted average discount rate of 8.4% and a weighted average prepayment speed assumption of 20.1%. The following table summarizes the estimated change in the value of servicing assets as of March 31, 2021 given hypothetical shifts in prepayments speeds and yield assumptions: Change in Assumption Change in Estimated Fair Value (dollars in thousands) Prepayment speeds +10% $ (222) Prepayment speeds +20% (421) Discount rate +1% (103) Discount rate +2% (200) SBA loans (including SBA 7(a) and SBA 504 loans) sold during the three months ended March 31, 2021 and 2020, totaled $7.4 million and $3.4 million resulting in total gains on sale of SBA loans of $706 thousand and $377 thousand. Net servicing fees, a component of noninterest income, represent contractually specified servicing fees reported net of the servicing asset amortization. Net servicing fees totaled $400 thousand and $224 thousand for the three months ended March 31, 2021 and 2020 including contractually specified servicing fees of $655 thousand and $506 thousand, offset by the amortization indicated in the table above. During the fourth quarter of 2020, the Company originated 28 loans under the Main Street Lending Program totaling $102.4 million in principal and sold participation interest totaling $97.3 million to the SPV, resulting in a gain on sale of $660 thousand. For the year ended December 31, 2020, the Company originated Main Street loans totaling $172.2 million in principal amount and sold participation interests totaling $163.6 million to the SPV. The Main Street Lending Program expired in January 2021, and the Company had no originations or sales for the three month ended March 31, 2021. The Company is accruing servicing fee income of 0.25% per annum for the participation interests sold to SPV. 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 services, under the terms and conditions set out in

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	3 Months Ended
	Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS	GOODWILL AND INTANGIBLE ASSETS In connection with the acquisition of Pacific Commerce Bancorp ("PCB"), the Company recognized goodwill of $73.4 million and a core deposit intangible ("CDI") of $6.9 million on July 31, 2018. The Company evaluates goodwill for impairment annually, unless circumstances arise indicating potential impairment. The Company evaluated goodwill for impairment quarterly in 2020 due to the volatility in our stock price related to the COVID-19 pandemic. There were no changes in the carrying value of Goodwill during the year ended December 31, 2020. The Company plans to evaluate goodwill for impairment in the fourth quarter of 2021, and we observed no indications of potential impairment at March 31, 2021. For the three months ended March 31, 2021 and 2020, the Company recognized the CDI amortization indicated in the table below. Three Months Ended March 31, 2021 March 31, 2020 (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 (1,952) (1,180) Amortization (188) (193) Balance, end of period $ (2,140) $ (1,373) Net core deposit intangible, end of period $ 4,768 $ 5,535 The following table shows the estimated amortization expense for CDI during the next five fiscal years: Year Ending December 31, (dollars in thousands) Remainder of 2021 $ 565 2022 732 2023 707 2024 678 2025 646 Thereafter 1,440 $ 4,768

DEPOSITS

DEPOSITS	3 Months Ended
	Mar. 31, 2021
Banking and Thrift, Other Disclosures [Abstract]
DEPOSITS	DEPOSITS The Company's ten largest depositor relationships represented approximately 28% of total deposits at March 31, 2021 and December 31, 2020. Brokered non-maturity deposits totaled $153.8 million and $78.7 million at March 31, 2021 and December 31, 2020. Brokered time deposits totaled $109.8 million and $101.1 million at March 31, 2021 and December 31, 2020. Time deposits that exceeded the FDIC insurance limit of $250,000 amounted to $16.4 million and $30.7 million as of March 31, 2021 and December 31, 2020. The Company participates in a state public deposits program that allows it to receive deposits from the state or from political subdivisions within the state in amounts that would not be covered by the FDIC. This program provides a stable source of funding to the Company. Total collateralized deposits for other public agencies, were $44.8 million at March 31, 2021 and were collateralized by letters of credit issued by the FHLB under the Bank's secured line of credit with the FHLB. See Note 7 – Borrowing Arrangements for additional information regarding the FHLB secured line of credit.

BORROWING ARRANGEMENTS

BORROWING ARRANGEMENTS	3 Months Ended
	Mar. 31, 2021
Debt Disclosure [Abstract]
BORROWING ARRANGEMENTS	BORROWING ARRANGEMENTS Federal Home Loan Bank Secured Line of Credit At March 31, 2021, the Company had a secured line of credit of $414.0 million from the FHLB, of which $259.0 million was available. This secured borrowing arrangement is collateralized under a blanket lien and is subject to the Bank providing adequate collateral and continued compliance with the Advances and Security Agreement and other eligibility requirements established by the FHLB. At March 31, 2021, the Company had pledged $1.65 billion of loans under the blanket lien, including PPP loans, of which $871.6 million was considered as eligible collateral. PPP loans are not considered eligible collateral under this borrowing agreement. In addition, at March 31, 2021, the Company used $60.0 million of its secured FHLB borrowing capacity by having the FHLB issue letters of credit to meet collateral requirements for deposits from the other public agencies. At March 31, 2021, 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 periods indicated: March 31, 2021 December 31, 2020 Balance Rate Maturity Date Balance Rate Maturity Date Advances: (dollars in thousands) Recovery advance $ 5,000 — % 5/19/2021 $ 5,000 — % 5/19/2021 Term and fixed-rate advance — — % — 50,000 0.19 % 2/26/2021 Term and fixed-rate advance 30,000 0.25 % 5/26/2021 30,000 0.25 % 5/26/2021 Term and fixed-rate advance 30,000 0.21 % 5/27/2021 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 $ 95,000 0.75 % $ 145,000 0.56 % The average outstanding balance of total FHLB borrowings was $129.2 million and $89.8 million with an average interest rate of 0.61% and 1.68% for the three months ended March 31, 2021 and 2020. Federal Reserve Bank Secured Line of Credit At March 31, 2021, the Company had a secured line of credit of $149.5 million from the Federal Reserve Bank, including secured borrowing capacity through the Borrower-in-Custody ("BIC") program. At March 31, 2021, the Bank had pledged qualifying loans with an unpaid principal balance of $226.6 million and securities held-to-maturity with a carrying value of $1.3 million as collateral for this line. Borrowings under this BIC program are overnight advances with interest chargeable at Federal Reserve discount window ("Primary Credit") borrowing rate. There were no borrowings under this credit facility at or during the three months ended March 31, 2021 and 2020. 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 enables the Company to fund PPP loans without taking on additional liquidity or funding risks by providing non-recourse loans collateralized by the PPP loans. Borrowings under the PPPLF have a fixed-rate of 0.35%, with a term that matches the contractual maturity of the underlying loans pledged. At March 31, 2021 and December 31, 2020, the Bank had $210.0 million and $204.7 million in borrowings under the PPPLF which were collateralized by PPP loans. The average outstanding borrowings were $197.2 million during the three months ended March 31, 2021. 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 borrowings under these credit facilities at or during the three months ended March 31, 2021 and 2020. Senior Secured Notes

INCOME TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2021
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The Company accounts for income taxes by recognizing deferred tax assets and liabilities based upon temporary differences between the amounts for financial reporting purposes and tax basis of its assets and liabilities. Deferred tax assets decreased by approximately $978 thousand during the three months ended March 31, 2021 as a result of changes to temporary differences and the reversal of interest accrued related to unrecognized tax benefits. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion, or all, of the deferred tax asset will not be realized. In assessing the realization of deferred tax assets, management evaluates both positive and negative evidence, including the forecasts of future income, applicable tax planning strategies, and assessments of current and future economic and business conditions. This analysis is updated quarterly and adjusted as necessary. Based on this analysis, management has determined that a valuation allowance for deferred tax assets was not required at March 31, 2021. For the three months ended March 31, 2021 and 2020, income tax expense was $4.2 million and $1.8 million, resulting in an effective income tax rate of 30.2% and 28.6%. Our effective tax rate varies from the statutory rate of 29.6% during the three months ended March 31, 2021 and 2020 due primarily to the tax effect of stock-based compensation. The Company is subject to federal income and California franchise tax. At March 31, 2021, 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. The Company did not have unrecognized tax benefits that related to uncertainties associated with federal and state income tax matters at March 31, 2021 and December 31, 2020. There were no interest and penalties related to unrecognized tax benefits in income tax expense at March 31, 2021 and December 31, 2020. On March 11, 2021, the President of the United States signed the American Rescue Plan Act, also called the COVID-19 Stimulus Package or American Rescue Plan into law. The American Rescue Plan includes many non-tax and tax provisions to help address the continuing pandemic, including extending the Employee Retention Credit to December 31, 2021. We will continue to evaluate the impact of the American Rescue Plan on the Company's consolidated financial condition, consolidated results of operations and cash flows.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES In the ordinary course of business, the Company enters into financial commitments to meet the financing needs of our customers. These financial commitments include commitments to extend credit and standby letters of credit. Those instruments involve, to varying degrees, elements of credit and interest rate risk not recognized in the condensed consolidated financial statements. The Company's exposure to loan loss in the event of nonperformance on commitments to extend credit and standby letters of credit is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments as the Company does for loans reflected in our condensed consolidated financial statements. The Company had the following outstanding financial commitments whose contractual amounts represent credit risk at the periods indicated: March 31, 2021 December 31, 2020 (dollars in thousands) Commitments to extend credit $ 484,434 $ 429,519 Standby letters of credit 3,415 3,777 Commitments to contribute capital to low income housing projects 2,029 2,089 Commitments to contribute capital to other CRA equity investments 61 61 Total $ 489,939 $ 435,446 Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Since many of the commitments are expected to expire without being drawn upon, the total amounts do not necessarily represent future cash requirements. The Company evaluates each client’s credit worthiness on a case-by-case basis. The amount of collateral obtained if deemed necessary by the Company is based on management’s credit evaluation of the customer. The majority of the commitments to extend credit and standby letters of credit are secured by real estate. The Company recognized $200 thousand provision for unfunded loan commitments for the three months ended March 31, 2021 and did not recognize any provision for unfunded loan commitments for the three months ended March 31, 2020. The provision for unfunded loan commitments is included in "other expense" in the condensed consolidated statements of income. The reserve for unfunded commitments was $1.7 million and $1.5 million at March 31, 2021 and December 31, 2020. The reserve for unfunded commitments is included in "other liabilities" in our condensed consolidated balance sheets. The Company committed to invest in two partnerships that sponsor affordable housing projects utilizing the Low Income Housing Tax Credit ("LIHTC") pursuant to Section 42 of the Internal Revenue Code. The purpose of these investments is to achieve a satisfactory return on capital, to facilitate the sale of additional affordable housing projects, and to assist in achieving goals associated with the Community Reinvestment Act ("CRA"). Capital contributions are called for up to an amount specified in the partnership agreement. In addition, the Company invested in other CRA investments such as the Small Business Investment Company ("SBIC") program. At March 31, 2021 and December 31, 2020, the Company had unfunded commitments to contribute capital to LIHTC investments and other CRA investments totaling $2.1 million and $2.2 million. In the normal course of business, the Company is named or threatened to be named as a defendant in various lawsuits. The Company is from time to time engaged in various litigation matters including the defense of claims of improper or fraudulent loan practices or lending violations, and other matters, and the Company has a number of unresolved claims pending. In addition, as part of the ordinary course of business, the Company is party to litigation involving claims to the ownership of funds in particular accounts, the collection of delinquent accounts, challenges to security interests in collateral, and foreclosure interests that are incidental to our regular business activities. While the ultimate liability with respect to these other litigation matters and claims cannot be determined at this time, the Company believes that damages, if any, and other amounts relating to pending matters are not likely to be material to the condensed consolidated balance sheets or condensed consolidated statements of income.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Mar. 31, 2021
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS In the ordinary course of business, the Company may provide loans to certain executive officers and directors and the companies with which they are associated. There were no related party loans for the three months ended March 31, 2021 and 2020. Deposits from certain officers and directors and the companies with which they are associated totaled $28.2 million and $25.8 million at March 31, 2021 and December 31, 2020. The holding company has a $25.0 million senior secured facility and a $20.0 million federal funds unsecured line of credit (refer to Note 7 - Borrowing Arrangements) with a correspondent bank in which one of the Company's executives is also a member of the correspondent bank’s Board of Directors. There were no outstanding borrowings of the senior secured facility at March 31, 2021 and $2.0 million outstanding borrowings of the senior secured facility at December 31, 2020. There were no borrowings under the unsecured line of credit at March 31, 2021 and December 31, 2020. The Company maintains a correspondent deposit relationship with the correspondent bank, and had deposits of $1.2 million at March 31, 2021 and December 31, 2020. The Company has invested in stock of the correspondent bank which totaled $102 thousand at March 31, 2021 and December 31, 2020. In addition, the Company has loan participation agreements where the Company may participate out a portion of loans to the correspondent bank. The total participated loan balance was $22.9 million and $23.8 million at March 31, 2021 and December 31, 2020.

STOCK-BASED COMPENSATION PLANS

STOCK-BASED COMPENSATION PLANS	3 Months Ended
	Mar. 31, 2021
Share-based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION PLANS	STOCK-BASED COMPENSATION PLANS The Company's 2013 Omnibus Stock Incentive Plan (“2013 Plan”) was approved by shareholders in May 2013. Under the terms of the 2013 Plan, officers and key employees may be granted both nonqualified and incentive stock options and directors and other consultants, who are not also an officer or employee, may only be granted nonqualified stock options. The 2013 Plan also permits the grant of stock appreciation rights (“SARs”), restricted shares, deferred shares, performance shares and performance unit awards. The 2013 Plan provides that the total number of awards of common stock that may be issued over the term of the plan shall not exceed 1,590,620 shares, of which a maximum of 300,000 shares may be granted as incentive stock options. An increase of 200,000 shares available for issuance under the 2013 Plan was approved by the Company's shareholders in June 2020. Stock options, SARs, performance share and unit awards are granted at a price not less than 100% of the fair market value of the stock on the date of grant. Options generally vest over a period of three 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 a 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 $592 thousand and $484 thousand for the three months ended March 31, 2021 and 2020. As of March 31, 2021, there was $74 thousand unrecognized compensation cost related to the outstanding stock options. The intrinsic value of options exercised during the three months ended March 31, 2021 and 2020 was approximately $69 thousand and $28 thousand. A summary of activity in our outstanding stock options during the three months ended March 31, 2021 and 2020 is as follows: Three Months Ended March 31, 2021 2020 Shares Weighted Weighted Average Remaining Contractual Life (Years) Aggregate Intrinsic Value Shares Weighted Weighted Average Remaining Contractual Life (Years) Aggregate Intrinsic Value (dollars in thousands, except share and per share data) Outstanding, beginning of period 119,162 $ 10.50 137,531 $ 10.20 Exercised (5,530) 10.92 (1,930) 10.74 Granted 10,000 25.32 — — Forfeited — — (1,430) 12.69 Outstanding, end of period 123,632 $ 11.68 3.6 years $ 1,571 134,171 $ 10.16 3.6 years $ 676 Options exercisable 108,632 $ 10.30 2.8 years $ 1,522 134,171 $ 10.16 3.6 years $ 676 As of March 31, 2021, there was approximately $3.0 million of total unrecognized compensation cost related to the restricted shares that will be recognized over the weighted-average period of 1.4 years. The value of restricted shares that vested was approximately $1.8 million during the three months ended March 31, 2021 and 2020. A summary of activity for outstanding restricted shares for the three months ended March 31, 2021 and 2020 is as follows: Three Months Ended March 31, 2021 2020 Shares Weighted Average Shares Weighted Average Nonvested, beginning of period 124,898 $ 21.69 113,635 $ 22.50 Granted 132,496 19.91 72,111 25.12 Vested (70,697) 25.08 (79,004) 22.33 Forfeited (600) 20.33 (3,076) 27.82 Nonvested, end of period 186,097 $ 19.14 103,666 $ 24.30

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
	Mar. 31, 2021
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE Earnings per share (“EPS”) is computed on a basic and diluted basis. Basic EPS is computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding. Basic shares outstanding exclude unvested shares of restricted stock and stock options. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that shares in our earnings. The Company's unvested grants of restricted stock contain non-forfeitable rights to dividends, which are required to be treated as participating securities and included in the computation of earnings per share. The following is a reconciliation of net income and shares outstanding used in the computation of basic and diluted EPS: Three Months Ended March 31, 2021 December 31, 2020 March 31, 2020 Numerator for basic earnings per share: (dollars in thousands, except share and per share data) Net income $ 9,758 $ 10,794 $ 4,546 Less: dividends and net income allocated to participating securities (138) (116) (39) Net income available to common shareholders $ 9,620 $ 10,678 $ 4,507 Denominator for basic earnings per share: Basic weighted average common shares outstanding during the period 11,614,333 11,580,236 11,558,039 Denominator for diluted earnings per share: Basic weighted average common shares outstanding during the period 11,614,333 11,580,236 11,558,039 Net effect of dilutive stock options 59,142 40,346 74,011 Diluted weighted average common shares 11,673,475 11,620,582 11,632,050 Earnings per common share: Basic $ 0.83 $ 0.92 $ 0.39 Diluted $ 0.82 $ 0.92 $ 0.39

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
	Mar. 31, 2021
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS The fair value of a financial instrument is the amount at which the asset or obligation could be exchanged (using an exit price notion) in a current transaction between willing parties, other than in a forced or liquidation sale. Fair value estimates are made at a specific point in time based on relevant market information and information about the financial instrument. These estimates do not reflect any premium or discount that could result from offering for sale at one time the entire holdings of a particular financial instrument. Because no market value exists for a significant portion of the financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments, and other factors. These estimates are subjective in nature, involve uncertainties and matters of judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates. Fair value of financial instruments Fair value estimates are based on financial instruments both on and off the balance sheet without attempting to estimate the value of anticipated future business and the value of assets and liabilities that are not considered financial instruments. Additionally, tax consequences related to the realization of the unrealized gains and losses can have a significant effect on fair value estimates and have not been considered in many of the estimates. The methods and assumptions used to estimate the fair value of certain financial instruments are described below: Cash and Due from Banks . The carrying amounts of cash and short-term instruments approximate fair values because of the liquidity of these instruments. Interest Bearing Deposits at Other Banks. The carrying amount is assumed to be the fair value given the short-term nature of these deposits. Loans . The fair value of loans, which is based on an exit price notion, is generally determined using an income based approach based on discounted cash flow analysis. This approach utilizes the contractual maturity of the loans and market indications of interest rates, prepayment speeds, defaults and credit risk in determining fair value. For impaired loans, an asset-based approach is applied to determine the estimated fair values of the underlying collateral. This approach utilizes the estimated net sales proceeds to determine the fair value of the loans when deemed appropriate. The implied sales proceeds value provides a better indication of value than using an income-based approach as these loans are not performing or exhibit strong signs indicative of non-performance. Securities . The fair values of securities available-for-sale and held-to-maturity are determined by matrix pricing, which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted prices for specific securities but rather by relying on the securities’ relationship to other benchmark quoted securities. Equity Securities and Other Bank Stock . The fair value of equity securities is based on quoted prices in active markets for identical assets to determine the fair value. If quoted prices are not available to determine fair value, the Company estimates the fair values by using independent pricing models, quoted prices of securities with similar characteristics, or discounted cash flows. Restricted Stock Investments . Investments in FHLB and Federal Reserve stocks are recorded at cost and measured for impairment. Ownership of FHLB and Federal Reserve stocks are restricted to member banks and the securities do not have a readily determinable market value. Purchases and sales of these securities are at par value with the issuer. The fair value of investments in FHLB and Federal Reserve stock and other bank stock is equal to the carrying amount. Servicing Asset. The fair value of servicing assets is based, in part, by third-party valuations that project estimated future cash inflows that include servicing fees and outflows that include market rates for costs of servicing. Deposits . The fair values disclosed for demand deposits, including interest and non-interest demand accounts, savings, and certain types of money market accounts are, by definition based on carrying value. Fair value for fixed-rate certificates of deposit is estimated using a discounted cash flow calculation that applies interest rates currently being offered on certificates to a schedule of aggregate expected monthly maturities on time deposits. Early withdrawal of fixed-rate certificates of deposit is not expected to be significant. Federal Home Loan Bank Borrowings . The fair values of the Company’s overnight borrowings from Federal Home Loan Bank approximates their carrying value as the advances were recently borrowed at market rate. The fair value of fixed-rated term borrowings is estimated using a discounted cash flow through the remaining maturity dates based on the current borrowing rates for similar types of borrowing arrangements. Paycheck Protection Program Liquidity Facility. The fair value of the PPPLF is estimated using a discounted cash flow based on the remaining contractual term and current borrowing rates for similar terms. Senior Secured Notes . The fair value of the senior secured notes approximates carrying value as the note was recently borrowed at a variable market rate. Accrued Interest Receivable and Payable . The fair value of accrued interest receivable and payable approximates their carrying amounts. Off-Balance Sheet Financial Instruments . The fair value of commitments to extend credit and standby letters of credit is estimated using the fees currently charged to enter into similar agreements. The fair value of these financial instruments is not material. The following table provides the fair value hierarchy level and estimated fair value of significant financial instruments at the periods indicated: March 31, 2021 December 31, 2020 Fair Value Carrying Fair Carrying Fair Financial Assets: (dollars in thousands) Cash and cash equivalents Level 1 $ 309,446 $ 309,446 $ 236,381 $ 236,381 Securities available-for-sale Level 2 37,376 37,376 42,027 42,027 Securities held-to-maturity Level 2 1,348 1,417 1,358 1,470 Equity securities Level 1 2,774 2,774 2,798 2,798 Loans held for sale Level 2 12,669 13,687 9,932 10,618 Loan held for investment, net Level 3 2,009,328 2,051,100 1,861,610 1,904,785 Restricted stock investments, at cost Level 2 12,999 12,999 12,999 12,999 Servicing asset Level 3 2,778 3,738 2,860 3,434 Accrued interest receivable Level 2 9,364 9,364 9,569 9,569 Financial Liabilities: Deposits Level 2 $ 1,895,550 $ 1,895,794 $ 1,634,158 $ 1,634,170 Borrowings Level 2 95,000 95,102 145,000 145,357 PPP Liquidity Facility Level 2 209,998 210,152 204,719 204,820 Senior secured notes Level 2 — — 2,000 2,000 Accrued interest payable Level 2 548 548 534 534 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 March 31, 2021: (dollars in thousands) Securities available-for-sale: U.S. Government and agency securities $ — $ 2,628 $ — $ 2,628 Mortgage-backed securities — 4,897 — 4,897 Collateralized mortgage obligations — 22,399 — 22,399 SBA Pools — 7,452 — 7,452 Securities available-for-sale $ — $ 37,376 $ — $ 37,376 Equity securities: Mutual fund investment $ 2,774 $ — $ — $ 2,774 December 31, 2020: 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 Nonrecurring fair value measurements These fair value measurements typically result from the application of specific accounting pronouncements under GAAP. The fair value measurements are considered nonrecurring fair value measurements under FASB ASC 820-10. The following table provides the hierarchy and fair value for each major category of assets and liabilities measured at fair value on a nonrecurring basis at the periods indicated: Nonrecurring Fair Value Measurements Level 1 Level 2 Level 3 Total March 31, 2021: (dollars in thousands) Impaired loans $ — $ — $ 1,158 $ 1,158 December 31, 2020: Impaired loans $ — $ — $ 2,300 $ 2,300

REVENUE RECOGNITION

REVENUE RECOGNITION	3 Months Ended
	Mar. 31, 2021
Revenue from Contract with Customer [Abstract]
REVENUE RECOGNITION	REVENUE RECOGNITION The portion of our noninterest income which is in scope of Topic 606, Revenue from Contracts with Customers , includes fees from deposit customers for transaction-based fees, account maintenance charges, and overdraft services. Transaction-based fees include items such as ATM and ACH fees, overdraft and stop payment charges, and are recognized at the time such transactions are executed and service has been fulfilled. Account maintenance charges, which are primarily monthly fees, are earned over the course of the month, which represents the period through which the Company satisfies its performance obligation. Overdraft fees are recognized at the time the overdraft occurs. Service charges are typically withdrawn from the customer’s account balance. The following is a summary of our noninterest income in-scope and not in-scope of Topic 606: Three Months Ended March 31, 2021 March 31, 2020 (dollars in thousands) Noninterest income, in-scope: Service charges and fees on deposit accounts $ 441 $ 555 Other income 42 41 Total noninterest income, in-scope 483 596 Noninterest income, not in-scope: Gain on sale of loans 706 377 Net servicing fees 400 224 Other income 665 218 Total noninterest income, not in-scope 1,771 819 Total noninterest income $ 2,254 $ 1,415

EQUITY

EQUITY	3 Months Ended
	Mar. 31, 2021
Equity [Abstract]
EQUITY	EQUITY Dividends During the three months ended March 31, 2021 and 2020, total quarterly cash dividends declared were $0.25 per share and total cash dividends paid were $3.0 million and $2.9 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"). 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. There were no repurchases of common stock during the three months ended March 31, 2021, compared to 38,411 shares of the Company's common stock repurchased at an average price of $22.34 per share and a total cost of $858 thousand during the three months ended March 31, 2020. The remaining number of shares authorized to be repurchased under this plan was 695,489 shares at March 31, 2021. Although the Board approved the resumption of the stock repurchase plan in the first quarter of 2021, under the terms of the definitive merger agreement with Enterprise Financial Services Corp., the Company has agreed that it will not repurchase or otherwise redeem any of its outstanding common stock except in connection with the withholding of common stock to cover taxes as restricted shares of common stock vest.

Regulatory Capital

Regulatory Capital	3 Months Ended
	Mar. 31, 2021
Banking and Thrift, Other Disclosures [Abstract]
REGULATORY CAPITAL	REGULATORY CAPITAL First Choice Bank is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on our consolidated financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of assets, liabilities, and certain off-balance-sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. At March 31, 2021, the Company qualified for treatment under the Small Bank Holding Company Policy Statement (Regulation Y, Appendix C) and, therefore, is not subject to consolidated capital rules at the bank holding company level. The Bank has also opted into the Community Bank Leverage Ratio ("CBLR") framework, beginning with the Call Report filed for the first quarter of 2020. At March 31, 2021 and December 31, 2020, the Bank's CBLR ratio was 9.75% and 10.28% which exceeded all regulatory capital requirements under the CBLR framework and the Bank was considered to be ‘‘well-capitalized.’’ Banks and their bank holding companies that have less than $10 billion in total consolidated assets and meet other qualifying criteria, including a leverage ratio (equal to tier 1 capital divided by average total consolidated assets) of greater than 9%, are eligible to opt into the CBLR framework. Qualifying community banking organizations that elect to use the CBLR framework and that maintain a leverage ratio of greater than 9% will be considered to have satisfied the generally applicable risk-based and leverage capital requirements in the agencies’ capital rules (generally applicable rule) and, if applicable, will be considered to have met the well-capitalized ratio requirements for purposes of section 38 of the Federal Deposit Insurance Act. Accordingly, a qualifying community banking organization that exceeds the 9% CBLR will be considered to have met: (i) the generally applicable risk-based and leverage capital requirements of the generally applicable capital rules; (ii) the capital ratio requirements in order to be considered well-capitalized under the prompt corrective action framework; and (iii) any other applicable capital or leverage requirements. A qualifying community banking organization that elects to be under the CBLR framework generally would be exempt from the current capital framework, including risk-based capital requirements and capital conservation buffer requirements. A banking organization meets the definition of a “qualifying community banking organization” if the organization has: • A leverage ratio of greater than 9%; • Total consolidated assets of less than $10 billion; • Total off-balance sheet exposures (excluding derivatives other than sold credit derivatives and unconditionally cancellable commitments) of 25% or less of total consolidated assets; and • Total trading assets plus trading liabilities of 5% or less of total consolidated assets. Even though a banking organization meets the above-stated criteria, federal banking regulators have reserved the authority to disallow the use of the CBLR framework by a depository institution or depository institution holding company, based on the risk profile of the banking organization. On April 6, 2020, the federal banking regulators, implementing the applicable provisions of the CARES Act, issued interim rules which modified the CBLR framework so that: (i) beginning in the second quarter 2020 and until the end of the year, a banking organization that has a leverage ratio of 8% or greater and meets certain other criteria may elect to use the CBLR framework; and (ii) community banking organizations will have until January 1, 2022, before the CBLR requirement is reestablished at greater than 9%. Under the interim rules, the minimum CBLR is 8.5% for calendar year 2021, and 9% thereafter. The interim rules also maintain a two-quarter grace period for a qualifying community banking organization whose leverage ratio falls no more than 1% below the applicable community bank leverage ratio. Assets originated under the PPP which are also pledged under the PPPLF are deducted from average total consolidated assets for purposes of the CBLR. However, such assets are included in total consolidated assets for purposes of determining the eligibility to elect the CBLR framework.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS On April 25, 2021, the Company declared a $0.25 cash dividend payable on May 24, 2021 to shareholders of record as of May 10, 2021.

Basis of Presentation and Sum_2

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2021
Accounting Policies [Abstract]
Basis of Presentation and Accounting Policies	Basis of Presentation The accompanying unaudited condensed consolidated financial statements include the accounts of First Choice Bancorp, and its wholly-owned subsidiary, First Choice Bank, and the Bank's wholly-owned subsidiary, PCB Real Estate Holdings, LLC, and have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X for interim financial information. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments, consisting of normal recurring adjustments considered necessary to a fair presentation of the results for the interim periods presented have been included. Unaudited interim results for the three months ended March 31, 2021 are not necessarily indicative of the results that may be expected for the full year ending December 31, 2021. These unaudited interim period condensed consolidated financial statements should be read in conjunction with our audited consolidated financial statements as of and for the years ended December 31, 2020 and 2019, which are included in our Annual Report on Form 10-K filed with the Securities and Exchange Commission (the "SEC"). The December 31, 2020 condensed consolidated balance sheet presented herein has been derived from the audited financial statements included in the Annual Report on Form 10-K for the year ended December 31, 2020 filed with the SEC. All significant intercompany balances and transactions have been eliminated in consolidation. Accounting Policies There were no significant changes to our accounting policies from those disclosed in our Annual Report on Form 10-K for the year ended December 31, 2020 under the section entitled Note 1 - Basis of Presentation and Summary of Significant Accounting Policies to the audited consolidated financial statements included therewith.
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.
Accounting Standards Adopted in 2021 and Recent Accounting Guidance Not Yet Effective	Accounting Standards Adopted in 2021 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 was effective for the Company on January 1, 2021. The adoption of ASU 2019-12 did not have a material impact to the Company's 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 of this guidance may be elected retrospectively as of any date from the beginning of the interim period that includes March 12, 2020, or prospectively to new modifications made on or after any date that includes January 7, 2021. The Company adopted this guidance on January 1, 2021 on a prospective basis and will assess the impact in conjunction with ASU 2020-04 as it occurs next year. The adoption of ASU 2021-01 did not have a material impact to the Company's consolidated financial statements. Recent Accounting Guidance Not Yet Effective In June 2016, the FASB issued ASU 2016-13, Financial Instruments—Credit Losses (Topic 326) (“ASU 2016-13”), also known as "CECL." This guidance will replace the incurred loss impairment methodology used to estimate the allowance for credit losses in current GAAP with a methodology that reflects future expected credit losses and requires consideration of a broader range of reasonable and supportable forecasts in the credit loss estimates. On October 16, 2019, the FASB delayed the effective date of ASU 2016-13 for smaller reporting companies, private companies and other non-SEC filers. The Company qualifies as a "smaller reporting company" under the regulations of the SEC. Therefore, this ASU will be effective for the Company on January 1, 2023 with early adoption permitted. The Company is considering early adoption of ASU 2016-13. Management has a cross functional committee in place to oversee the project, has selected a software to implement the new guidance using peer historical loss data, has engaged an existing third-party service provider to assist in 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, run high-level sensitivity analysis and parallel calculations. The Company expects to complete testing of final modeling assumptions and run additional parallel calculations in the second and third quarter of 2021. 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 Company plans to adopt this guidance with ASU 2016-13 (Topic 326). The Company has not yet determined the potential impact of the adoption of ASU 2019-05 to the consolidated financial statements. In November 2019, the FASB issued ASU 2019-11, Codification Improvements to Financial Instruments - Credit Losses (Topic 326) which clarifies certain aspects of Topic 326 guidance issued in ASU 2016-13 including guidance providing transition relief for TDRs. This ASU will be effective upon adoption of ASU 2016-13 (Topic 326). The Company plans to adopt this guidance with ASU 2016-13 (Topic 326). The Company has not yet determined the potential impact of the adoption of ASU 2019-11 to the consolidated financial statements. On March 12, 2020, the FASB issued ASU 2020-04, Facilitation of the Effects of Reference Rate Reform on Financial Reportin g (ASU 2020-04), which provides optional expedients and exceptions for applying generally accepted accounting principles (GAAP) to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The amendments apply only to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. The amendments are effective for contract modifications as of March 12, 2020 through December 31, 2022. The expedients and exceptions provided by the amendments do not apply to contract modifications made and hedging relationships entered into or evaluated after December 31, 2022, except for hedging relationships existing as of December 31, 2022, that an entity has elected certain optional expedients for and that are retained through the end of the hedging relationship. Management has identified the contracts that will be impacted by the reference rate reform and are reviewing the contracts of LIBOR-based products to ensure that the Company's documentation provides for the flexibility to move to alternative reference rates. The Company has not yet chosen a substitute reference rate or index. The Company has not yet determined the potential impact of the adoption of ASU 2020-04 to the consolidated financial statements.

Investment Securities - (Tables

Investment Securities - (Tables)	3 Months Ended
	Mar. 31, 2021
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) March 31, 2021 Securities available-for-sale: U.S. Government and agency securities $ 2,679 $ — $ (51) $ 2,628 Mortgage-backed securities 4,774 123 — 4,897 Collateralized mortgage obligations 22,522 208 (331) 22,399 SBA pools 7,246 213 (7) 7,452 $ 37,221 $ 544 $ (389) $ 37,376 Securities held-to-maturity: Mortgage-backed securities $ 1,348 $ 69 $ — $ 1,417 $ 1,348 $ 69 $ — $ 1,417 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
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) March 31, 2021 Securities available-for-sale: U.S. Government and agency securities $ 2,679 $ — $ (51) $ 2,628 Mortgage-backed securities 4,774 123 — 4,897 Collateralized mortgage obligations 22,522 208 (331) 22,399 SBA pools 7,246 213 (7) 7,452 $ 37,221 $ 544 $ (389) $ 37,376 Securities held-to-maturity: Mortgage-backed securities $ 1,348 $ 69 $ — $ 1,417 $ 1,348 $ 69 $ — $ 1,417 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
Investments Classified by Contractual Maturity Date	The amortized cost and estimated fair value of all investment securities held-to-maturity and available-for-sale at March 31, 2021, by contractual maturities are shown below. Contractual maturities may differ from expected maturities because the obligors and/or issuers may have the right to call or prepay obligations with or without call or prepayment penalties. Held to Maturity Available for Sale Amortized Fair Amortized Fair (dollars in thousands) Due in one year or less $ — $ — $ — $ — Due after one year through five years — — — — Due after five years through ten years — — — — Due after ten years 1,348 1,417 37,221 37,376 $ 1,348 $ 1,417 $ 37,221 $ 37,376
Schedule of Unrealized Loss on Investments	As of March 31, 2021 and December 31, 2020, 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 March 31, 2021 (dollars in thousands) Securities available-for-sale: U.S. Government and agency securities $ (51) $ 2,628 $ — $ — $ (51) $ 2,628 Collateralized mortgage obligations (329) 12,326 (2) 1,262 (331) 13,588 SBA pools (7) 1,172 — — (7) 1,172 $ (387) $ 16,126 $ (2) $ 1,262 $ (389) $ 17,388 December 31, 2020 Securities available-for-sale: Collateralized mortgage obligations $ (102) $ 10,429 $ — $ — $ (102) $ 10,429 $ (102) $ 10,429 $ — $ — $ (102) $ 10,429

Loans (Tables)

Loans (Tables)	3 Months Ended
	Mar. 31, 2021
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable	The following table presents loans held for investment, net, by loan class at the periods indicated: March 31, 2021 December 31, 2020 (dollars in thousands) Construction and land development $ 229,637 $ 197,634 Real estate: Residential 25,505 27,683 Commercial real estate - owner occupied 159,039 161,823 Commercial real estate - non-owner occupied 572,414 550,788 Commercial and industrial 366,706 388,814 SBA loans (1) 688,197 562,842 Consumer 3 1 Loans held for investment, net of discounts (2) 2,041,501 1,889,585 Net deferred origination fees (1) (12,902) (8,808) Loans held for investment 2,028,599 1,880,777 Allowance for loan losses (19,271) (19,167) Loans held for investment, net $ 2,009,328 $ 1,861,610 (1) Includes PPP loans with total outstanding principal of $453.2 million and $326.7 million and net unearned fees of $10.5 million and $6.6 million at March 31, 2021 and December 31, 2020, respectively. (2) Loans held for investment, net of discounts includes the net carrying value of PCI loans of $722 thousand and $761 thousand at March 31, 2021 and December 31, 2020. The following table presents the components of loans held for investment at the periods indicated: March 31, 2021 December 31, 2020 (dollars in thousands) Gross loans (1) $ 2,048,902 $ 1,897,599 Unamortized net discounts (2) (7,401) (8,014) Net unamortized deferred origination fees (3) (12,902) (8,808) Loans held for investment $ 2,028,599 $ 1,880,777 (1) Gross loans include PPP loans of $453.2 million and $326.7 million at March 31, 2021 and December 31, 2020 and the net carrying value of PCI loans of $722 thousand and $761 thousand at March 31, 2021 and December 31, 2020. (2) Unamortized net discounts include discounts related to the retained portion of SBA loans and Main Street loans and net discounts on acquired loans. At March 31, 2021, unamortized net discounts include $3.4 million associated with loans acquired in the PCB acquisition and expected to be accreted into interest income over a weighted average life of 3.6 years. At December 31, 2020, unamortized net discounts on acquired loans associated with the PCB acquisition totaled $3.9 million. (3) Net unamortized deferred origination fees include $10.5 million and $6.6 million for PPP loans at March 31, 2021 and December 31, 2020.
Allowance for Credit Losses on Financing Receivables	The following table presents a summary of the changes in the allowance for loan losses for the periods indicated: Three Months Ended March 31, 2021 2020 (dollars in thousands) Balance, beginning of period $ 19,167 $ 13,522 Provision for loan losses (1) — 2,700 Charge-offs (2) (28) Recoveries 106 24 Net recoveries (charge-offs) 104 (4) Balance, end of period $ 19,271 $ 16,218 (1) No provision for loan losses on PPP loans was recognized for the three months ended at March 31, 2021 as these loans are 100% guaranteed by the SBA under the program. The following tables present the activity in the allowance for loan losses, the composition of the period end allowance, and the loans evaluated for impairment by loan class for the periods indicated: Three Months Ended March 31, 2021 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, 2020 $ 2,129 $ 233 $ 1,290 $ 5,545 $ 6,714 $ 3,256 $ — $ 19,167 Provision for (reversal of) loan losses 407 (13) 15 316 (455) (270) — — Charge-offs — — — — (2) — — (2) Recoveries — — — — 106 — — 106 Net recoveries — — — — 104 — — 104 Balance, March 31, 2021 $ 2,536 $ 220 $ 1,305 $ 5,861 $ 6,363 $ 2,986 $ — $ 19,271 Reserves: Specific $ — $ — $ — $ 76 $ — $ — $ — $ 76 General 2,536 220 1,305 5,785 6,363 2,986 — 19,195 $ 2,536 $ 220 $ 1,305 $ 5,861 $ 6,363 $ 2,986 $ — $ 19,271 Loans evaluated for impairment: Individually $ — $ — $ 1,255 $ 1,234 $ 120 $ 1,899 $ — $ 4,508 Collectively 229,637 25,505 157,703 571,180 366,339 685,904 3 2,036,271 PCI loans — — 81 — 247 394 — 722 $ 229,637 $ 25,505 $ 159,039 $ 572,414 $ 366,706 $ 688,197 $ 3 $ 2,041,501 Three Months 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, September 30, 2020 $ 2,370 $ 275 $ 1,280 $ 5,580 $ 6,264 $ 2,965 $ — $ 18,734 Provision for (reversal of) loan losses (241) (42) 10 (35) 138 270 — 100 Charge-offs — — — — (5) — — (5) Recoveries — — — — 317 21 — 338 Net recoveries — — — — 312 21 — 333 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 loans — — 88 — 265 408 — 761 $ 197,634 $ 27,683 $ 161,823 $ 550,788 $ 388,814 $ 562,842 $ 1 $ 1,889,585 Three Months Ended March 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 148 41 (74) 1,057 1,305 222 1 2,700 Charge-offs — — — — (7) (21) — (28) Recoveries — — — — 12 12 — 24 Net charge-offs — — — — 5 (9) — (4) Balance, March 31, 2020 $ 2,498 $ 333 $ 844 $ 4,131 $ 5,455 $ 2,954 $ 3 $ 16,218 Reserves: Specific $ — $ — $ — $ 215 $ — $ 877 $ — $ 1,092 General 2,498 333 844 3,916 5,455 2,077 3 15,126 $ 2,498 $ 333 $ 844 $ 4,131 $ 5,455 $ 2,954 $ 3 $ 16,218 Loans evaluated for impairment: Individually $ — $ — $ 1,560 $ 1,368 $ 187 $ 6,339 $ — $ 9,454 Collectively 233,607 42,904 146,851 475,104 349,460 180,542 450 1,428,918 PCI loans — — 106 — 443 526 — 1,075 $ 233,607 $ 42,904 $ 148,517 $ 476,472 $ 350,090 $ 187,407 $ 450 $ 1,439,447
Financing Receivable Credit Quality Indicators	The following tables present loans held for investment, net of discounts by loan class and risk category, excluding PCI loans, at the periods indicated: March 31, 2021 Pass Special Substandard (1) Total (dollars in thousands) Construction and land development $ 229,637 $ — $ — $ 229,637 Real estate: Residential 25,505 — — 25,505 Commercial real estate - owner occupied 154,182 3,396 1,380 158,958 Commercial real estate - non-owner occupied 562,671 7,137 2,606 572,414 Commercial and industrial 362,350 300 3,809 366,459 SBA loans 680,329 — 7,474 687,803 Consumer 3 — — 3 $ 2,014,677 $ 10,833 $ 15,269 $ 2,040,779 (1) At March 31, 2021, substandard loans included $4.2 million of impaired loans and excluded $317 thousand of performing TDRs. There were no loans classified as doubtful or loss at March 31, 2021. December 31, 2020 Pass Special 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 and excluded $319 thousand of performing TDRs . There were no loans classified as special mention, doubtful or loss at December 31, 2020.
Past Due Financing Receivables	The following tables present past due and nonaccrual loans, net of discounts by loan class, excluding PCI loans, at the periods indicated: March 31, 2021 Still Accruing 30-59 Days 60-89 Days 90 Days or more Nonaccrual (dollars in thousands) Real estate: Commercial real estate - owner occupied $ — $ — $ — $ 1,255 Commercial real estate - non-owner occupied — — — 1,234 Commercial and industrial 1 — — 120 SBA loans — — — 1,582 Total $ 1 $ — $ — $ 4,191 December 31, 2020 Still Accruing 30-59 Days 60-89 Days 90 Days or more 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
Impaired Financing Receivables	The following tables present impaired loans, excluding PCI loans, by loan class at the periods indicated: March 31, 2021 Impaired Loans Unpaid Recorded Without With Related (dollars in thousands) Real estate: Commercial real estate - owner occupied $ 1,307 $ 1,255 $ 1,255 $ — $ — Commercial real estate - non-owner occupied 1,277 1,234 — 1,234 76 Commercial and industrial 120 120 120 — — SBA loans 2,176 1,899 1,899 — — Total $ 4,880 $ 4,508 $ 3,274 $ 1,234 $ 76 (1) Includes TDRs on accrual of $317 thousand. December 31, 2020 Impaired Loans Unpaid Recorded 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) Includes TDRs on accrual of $319 thousand. The following tables present the average recorded investment in impaired loans, excluding PCI loans, and related interest income recognized by loan class for the periods indicated: Three Months Ended March 31, 2021 December 31, 2020 March 31, 2020 Average Interest Average Interest Average Interest (dollars in thousands) Real estate: Residential $ 127 $ — $ 256 $ — $ — $ — Commercial real estate - owner occupied 1,274 — 1,302 — 2,607 — Commercial real estate - non-owner occupied 1,349 — 3,876 — 1,368 — Commercial and industrial 152 — 183 — 193 — SBA loans 2,735 6 4,421 6 6,677 7 Total $ 5,637 $ 6 $ 10,038 $ 6 $ 10,845 $ 7

Transfers and Servicing of Fi_2

Transfers and Servicing of Financial Assets (Tables)	3 Months Ended
	Mar. 31, 2021
Transfers and Servicing [Abstract]
Servicing Asset at Amortized Cost	The SBA servicing asset activity is summarized for the periods indicated: Three Months Ended March 31, 2021 2020 (dollars in thousands) Balance, beginning of period $ 2,860 $ 3,202 Additions 173 68 Amortization (255) (282) Balance, end of period $ 2,778 $ 2,988
Schedule of Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets	The following table summarizes the estimated change in the value of servicing assets as of March 31, 2021 given hypothetical shifts in prepayments speeds and yield assumptions: Change in Assumption Change in Estimated Fair Value (dollars in thousands) Prepayment speeds +10% $ (222) Prepayment speeds +20% (421) Discount rate +1% (103) Discount rate +2% (200)

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of changes in CDI	For the three months ended March 31, 2021 and 2020, the Company recognized the CDI amortization indicated in the table below. Three Months Ended March 31, 2021 March 31, 2020 (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 (1,952) (1,180) Amortization (188) (193) Balance, end of period $ (2,140) $ (1,373) Net core deposit intangible, end of period $ 4,768 $ 5,535
Schedule of estimated amortization expense for CDI	The following table shows the estimated amortization expense for CDI during the next five fiscal years: Year Ending December 31, (dollars in thousands) Remainder of 2021 $ 565 2022 732 2023 707 2024 678 2025 646 Thereafter 1,440 $ 4,768

BORROWING ARRANGEMENTS - (Table

BORROWING ARRANGEMENTS - (Tables)	3 Months Ended
	Mar. 31, 2021
Debt Disclosure [Abstract]
Federal Home Loan Bank, Advances	The following table shows the interest rates and maturity dates of FHLB advances at periods indicated: March 31, 2021 December 31, 2020 Balance Rate Maturity Date Balance Rate Maturity Date Advances: (dollars in thousands) Recovery advance $ 5,000 — % 5/19/2021 $ 5,000 — % 5/19/2021 Term and fixed-rate advance — — % — 50,000 0.19 % 2/26/2021 Term and fixed-rate advance 30,000 0.25 % 5/26/2021 30,000 0.25 % 5/26/2021 Term and fixed-rate advance 30,000 0.21 % 5/27/2021 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 $ 95,000 0.75 % $ 145,000 0.56 %

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Outstanding Financial Commitments	The Company had the following outstanding financial commitments whose contractual amounts represent credit risk at the periods indicated: March 31, 2021 December 31, 2020 (dollars in thousands) Commitments to extend credit $ 484,434 $ 429,519 Standby letters of credit 3,415 3,777 Commitments to contribute capital to low income housing projects 2,029 2,089 Commitments to contribute capital to other CRA equity investments 61 61 Total $ 489,939 $ 435,446

Stock-Based Compensation Plans

Stock-Based Compensation Plans (Tables)	3 Months Ended
	Mar. 31, 2021
Share-based Payment Arrangement [Abstract]
Share-based Compensation Arrangements by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding	A summary of activity in our outstanding stock options during the three months ended March 31, 2021 and 2020 is as follows: Three Months Ended March 31, 2021 2020 Shares Weighted Weighted Average Remaining Contractual Life (Years) Aggregate Intrinsic Value Shares Weighted Weighted Average Remaining Contractual Life (Years) Aggregate Intrinsic Value (dollars in thousands, except share and per share data) Outstanding, beginning of period 119,162 $ 10.50 137,531 $ 10.20 Exercised (5,530) 10.92 (1,930) 10.74 Granted 10,000 25.32 — — Forfeited — — (1,430) 12.69 Outstanding, end of period 123,632 $ 11.68 3.6 years $ 1,571 134,171 $ 10.16 3.6 years $ 676 Options exercisable 108,632 $ 10.30 2.8 years $ 1,522 134,171 $ 10.16 3.6 years $ 676
Nonvested Restricted Stock Shares Activity	A summary of activity for outstanding restricted shares for the three months ended March 31, 2021 and 2020 is as follows: Three Months Ended March 31, 2021 2020 Shares Weighted Average Shares Weighted Average Nonvested, beginning of period 124,898 $ 21.69 113,635 $ 22.50 Granted 132,496 19.91 72,111 25.12 Vested (70,697) 25.08 (79,004) 22.33 Forfeited (600) 20.33 (3,076) 27.82 Nonvested, end of period 186,097 $ 19.14 103,666 $ 24.30

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2021
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following is a reconciliation of net income and shares outstanding used in the computation of basic and diluted EPS: Three Months Ended March 31, 2021 December 31, 2020 March 31, 2020 Numerator for basic earnings per share: (dollars in thousands, except share and per share data) Net income $ 9,758 $ 10,794 $ 4,546 Less: dividends and net income allocated to participating securities (138) (116) (39) Net income available to common shareholders $ 9,620 $ 10,678 $ 4,507 Denominator for basic earnings per share: Basic weighted average common shares outstanding during the period 11,614,333 11,580,236 11,558,039 Denominator for diluted earnings per share: Basic weighted average common shares outstanding during the period 11,614,333 11,580,236 11,558,039 Net effect of dilutive stock options 59,142 40,346 74,011 Diluted weighted average common shares 11,673,475 11,620,582 11,632,050 Earnings per common share: Basic $ 0.83 $ 0.92 $ 0.39 Diluted $ 0.82 $ 0.92 $ 0.39

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2021
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: March 31, 2021 December 31, 2020 Fair Value Carrying Fair Carrying Fair Financial Assets: (dollars in thousands) Cash and cash equivalents Level 1 $ 309,446 $ 309,446 $ 236,381 $ 236,381 Securities available-for-sale Level 2 37,376 37,376 42,027 42,027 Securities held-to-maturity Level 2 1,348 1,417 1,358 1,470 Equity securities Level 1 2,774 2,774 2,798 2,798 Loans held for sale Level 2 12,669 13,687 9,932 10,618 Loan held for investment, net Level 3 2,009,328 2,051,100 1,861,610 1,904,785 Restricted stock investments, at cost Level 2 12,999 12,999 12,999 12,999 Servicing asset Level 3 2,778 3,738 2,860 3,434 Accrued interest receivable Level 2 9,364 9,364 9,569 9,569 Financial Liabilities: Deposits Level 2 $ 1,895,550 $ 1,895,794 $ 1,634,158 $ 1,634,170 Borrowings Level 2 95,000 95,102 145,000 145,357 PPP Liquidity Facility Level 2 209,998 210,152 204,719 204,820 Senior secured notes Level 2 — — 2,000 2,000 Accrued interest payable Level 2 548 548 534 534
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 March 31, 2021: (dollars in thousands) Securities available-for-sale: U.S. Government and agency securities $ — $ 2,628 $ — $ 2,628 Mortgage-backed securities — 4,897 — 4,897 Collateralized mortgage obligations — 22,399 — 22,399 SBA Pools — 7,452 — 7,452 Securities available-for-sale $ — $ 37,376 $ — $ 37,376 Equity securities: Mutual fund investment $ 2,774 $ — $ — $ 2,774 December 31, 2020: 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
Fair Value Measurements, Nonrecurring	The following table provides the hierarchy and fair value for each major category of assets and liabilities measured at fair value on a nonrecurring basis at the periods indicated: Nonrecurring Fair Value Measurements Level 1 Level 2 Level 3 Total March 31, 2021: (dollars in thousands) Impaired loans $ — $ — $ 1,158 $ 1,158 December 31, 2020: Impaired loans $ — $ — $ 2,300 $ 2,300

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Mar. 31, 2021
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following is a summary of our noninterest income in-scope and not in-scope of Topic 606: Three Months Ended March 31, 2021 March 31, 2020 (dollars in thousands) Noninterest income, in-scope: Service charges and fees on deposit accounts $ 441 $ 555 Other income 42 41 Total noninterest income, in-scope 483 596 Noninterest income, not in-scope: Gain on sale of loans 706 377 Net servicing fees 400 224 Other income 665 218 Total noninterest income, not in-scope 1,771 819 Total noninterest income $ 2,254 $ 1,415

Basis of Presentation and Sum_3

Basis of Presentation and Summary of Significant Accounting Policies (Details) $ in Thousands	Jan. 29, 2021USD ($)	Mar. 31, 2021USD ($)branchlendingOffice	Mar. 31, 2020USD ($)	Dec. 31, 2020USD ($)
Property, Plant and Equipment [Line Items]
Number of full-service branches | branch		8
Number of lending offices | lendingOffice		2
Total deposits of acquiree		$ 1,895,550		$ 1,634,158
Net cash transfer for branch sale		$ 21,599	$ 0
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Rowland Heights Branch
Property, Plant and Equipment [Line Items]
Cash and cash equivalents	$ 117
Net cash transfer for branch sale	21,600
Gain on sale of branch	476
Disposal Group, Including Discontinued Operation, Deposits	$ 22,000

Investment Securities - Carryin

Investment Securities - Carrying Amount of Held-to-Maturity and Available-for-Sale Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Securities available-for-sale:
Amortized Cost	$ 37,221	$ 41,262
Gross Unrealized Gains	544	867
Gross Unrealized Losses	(389)	(102)
Securities available-for-sale	37,376	42,027
Securities held-to-maturity:
Amortized Cost	1,348	1,358
Gross Unrealized Gains	69	112
Gross Unrealized Losses	0	0
Securities held-to-maturity	1,417	1,470
U.S. Government and agency securities
Securities available-for-sale:
Amortized Cost	2,679	2,679
Gross Unrealized Gains	0	26
Gross Unrealized Losses	(51)	0
Securities available-for-sale	2,628	2,705
Mortgage-backed securities
Securities available-for-sale:
Amortized Cost	4,774	5,537
Gross Unrealized Gains	123	116
Gross Unrealized Losses	0	0
Securities available-for-sale	4,897	5,653
Securities held-to-maturity:
Amortized Cost	1,348	1,358
Gross Unrealized Gains	69	112
Gross Unrealized Losses	0	0
Securities held-to-maturity	1,417	1,470
Collateralized mortgage obligations
Securities available-for-sale:
Amortized Cost	22,522	25,552
Gross Unrealized Gains	208	328
Gross Unrealized Losses	(331)	(102)
Securities available-for-sale	22,399	25,778
SBA Pools
Securities available-for-sale:
Amortized Cost	7,246	7,494
Gross Unrealized Gains	213	397
Gross Unrealized Losses	(7)	0
Securities available-for-sale	$ 7,452	$ 7,891

Investment Securities - Investm

Investment Securities - Investments by Maturity Dates (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
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	1,348
Amortized Cost	1,348	$ 1,358
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	1,417
Securities held-to-maturity	1,417	1,470
Amortized Cost
Due in one year or less	0
Due after one year through five years	0
Due after five years through ten years	0
Due after ten years	37,221
Amortized Cost	37,221	41,262
Fair Value
Due in one year or less	0
Due after one year through five years	0
Due after five years through ten years	0
Due after ten years	37,376
Securities available-for-sale	$ 37,376	$ 42,027

Investment Securities - Narrati

Investment Securities - Narrative (Details)	3 Months Ended
	Mar. 31, 2021USD ($)securitypartnership	Dec. 31, 2020USD ($)	Mar. 31, 2020USD ($)
Concentration Risk [Line Items]
Purchase of securities available-for-sale	$ 0	$ 8,000,000	$ 12,978,000
Sales and maturity of securities	0
Held-to-maturity securities, pledged to Federal Reserve Bank	$ 1,300,000	1,400,000
Securities in unrealized loss position | security	7
Unrealized loss	$ (389,000)	(102,000)
Equity securities, at fair value	2,774,000	2,798,000
Gain (loss) recognized related to changes in fair value	(37,000)		42,000
Investment in restricted common stock, at cost	6,100,000	6,100,000
Payments to acquire FHLB stock	0		0
Federal Reserve Bank stock	6,900,000	6,900,000
Payments to acquire Federal Reserve Bank stock	$ 0		13,000
Number of affordable housing project partnerships | partnership	2
Investment tax credit	$ (27,000)
Amortization method qualified affordable housing project investments, amortization	(27,000)
Amortization method qualified affordable housing project investments	841,000	808,000
Contributed capital	60,000		26,000
Affordable housing project investment, write-down, amount	0
Proceeds from maturities and paydown of securities available-for-sale	0
Clearinghouse Community Development Financial Institution
Concentration Risk [Line Items]
Equity securities without readily determinable fair value, amount	2,000,000	2,000,000
Equity securities without readily determinable fair value, impairment loss, annual amount	0
Mutual Funds
Concentration Risk [Line Items]
Equity securities, at fair value	2,800,000
Gain (loss) recognized related to changes in fair value	(37,000)	(9,000)	42,000
Other Bank Stock
Concentration Risk [Line Items]
Gain (loss) recognized related to changes in fair value	0		0
Equity securities, restricted	1,000,000	1,000,000
U.S. Government and agency securities
Concentration Risk [Line Items]
Calls of securities	3,400,000
Unrealized loss	(51,000)
Community Reinvestment Act Lending Credits
Concentration Risk [Line Items]
Additional securities purchased	$ 0	$ 1,500,000	$ 0
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	Mar. 31, 2021	Dec. 31, 2020
Unrealized Losses
Less Than Twelve Months	$ (387)	$ (102)
Twelve Months Or Longer	(2)	0
Total	(389)	(102)
Fair Value
Less Than Twelve Months	16,126	10,429
Twelve Months Or Longer	1,262	0
Total	17,388	10,429
U.S. Government and agency securities
Unrealized Losses
Less Than Twelve Months	(51)
Twelve Months Or Longer	0
Total	(51)
Fair Value
Less Than Twelve Months	2,628
Twelve Months Or Longer	0
Total	2,628
Collateralized mortgage obligations
Unrealized Losses
Less Than Twelve Months	(329)	(102)
Twelve Months Or Longer	(2)	0
Total	(331)	(102)
Fair Value
Less Than Twelve Months	12,326	10,429
Twelve Months Or Longer	1,262	0
Total	13,588	$ 10,429
SBA Pools
Unrealized Losses
Less Than Twelve Months	(7)
Twelve Months Or Longer	0
Total	(7)
Fair Value
Less Than Twelve Months	1,172
Twelve Months Or Longer	0
Total	$ 1,172

Loans - Narrative (Details)

Loans - Narrative (Details) $ in Thousands	3 Months Ended			12 Months Ended
	Mar. 31, 2021USD ($)loan	Dec. 31, 2020USD ($)loan	Mar. 31, 2020USD ($)loan	Dec. 31, 2020USD ($)loan
Financing Receivable, Modifications [Line Items]
Unearned fees	$ 12,902	$ 8,808		$ 8,808
Loans held for investment	2,028,599	1,880,777		1,880,777
Loans pledged as collateral for FHLB	1,300	1,400		1,400
Recorded investment in loans identified as troubled debt restructuring	$ 4,508	$ 6,765		6,765
Number of loans modified as troubled debt restructuring, subsequent default | loan	0	0	0
Loans modified as troubled debt restructuring, subsequent default		$ 82	$ 85
Payment period	90 days
Loans, net	$ 2,009,328	1,861,610		1,861,610
Nonacrrual loan balance	4,191	6,446		6,446
Loans held for sale, at lower of cost or fair value	12,669	9,932		9,932
Loans held for sale	13,700	$ 10,600		$ 10,600
Main Street Loans
Financing Receivable, Modifications [Line Items]
Percentage of participation interest				95.00%
Number of Main Street loans originated | loan		28		32
Principal amount of Main Street Loans		$ 102,400		$ 172,200
Proceeds from sale of participation interest		97,300		163,600
Gain (loss) on sale of participation interest		660		1,100
SBA Loans
Financing Receivable, Modifications [Line Items]
Recorded investment in loans identified as troubled debt restructuring	1,899	3,570		3,570
Nonacrrual loan balance	1,582	3,251		$ 3,251
Federal Home Loan Bank Advances
Financing Receivable, Modifications [Line Items]
Loans pledged as collateral for FHLB	1,650,000
Loans pledged as collateral with the FHLB	$ 871,600
CARES Act Loan Modification | Payment Deferral
Financing Receivable, Modifications [Line Items]
Number of loans granted payment deferral | loan	5			3
Loans, net	$ 5,700	3,300		$ 3,300
Restructured Loans
Financing Receivable, Modifications [Line Items]
Recorded investment in loans identified as troubled debt restructuring	394	666		666
Paycheck Protection Program Loans | SBA Loans
Financing Receivable, Modifications [Line Items]
Unearned fees	10,500	6,600		6,600
Income from loan forgiveness or repayment	1,400
Paycheck Protection Program Loans | Paycheck Protection Program, CARES Act | SBA Loans
Financing Receivable, Modifications [Line Items]
Loans held for investment	442,700
Amount forgiven or repaid	67,900
Cumulative amount forgiven or repaid	140,900
Federal Reserve Bank
Financing Receivable, Modifications [Line Items]
Loans pledged as collateral with the FHLB	226,600
Line of Credit | PPPLF
Financing Receivable, Modifications [Line Items]
Long-term line of credit	$ 210,000	$ 204,700		$ 204,700
Fixed interest rate	0.35%

Loans - Composition of Loan Por

Loans - Composition of Loan Portfolio (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss and Fee	$ 2,041,501	$ 1,889,585		$ 1,439,447
Net deferred origination fees	(12,902)	(8,808)
Loans held for investment	2,028,599	1,880,777
Allowance for loan losses	(19,271)	(19,167)	$ (18,734)	(16,218)	$ (13,522)
Loans held for investment, net	$ 2,009,328	1,861,610
Pacific Commerce Bancorp
Accounts, Notes, Loans and Financing Receivable [Line Items]
Net discount on acquired loans, weighted average life	3 years 7 months 6 days
PCI Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss and Fee	$ 722	761		1,075
Loans held for investment, net	722	761
Construction and Land Development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss and Fee	229,637	197,634		233,607
Allowance for loan losses	(2,536)	(2,129)	(2,370)	(2,498)	(2,350)
Construction and Land Development | PCI Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss and Fee	0	0		0
Real Estate | Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss and Fee	25,505	27,683		42,904
Allowance for loan losses	(220)	(233)	(275)	(333)	(292)
Real Estate | Residential | PCI Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss and Fee	0	0		0
Real Estate | Commercial real estate - owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss and Fee	159,039	161,823		148,517
Allowance for loan losses	(1,305)	(1,290)	(1,280)	(844)	(918)
Real Estate | Commercial real estate - owner occupied | PCI Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss and Fee	81	88		106
Real Estate | Commercial real estate - non-owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss and Fee	572,414	550,788		476,472
Allowance for loan losses	(5,861)	(5,545)	(5,580)	(4,131)	(3,074)
Real Estate | Commercial real estate - non-owner occupied | PCI Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss and Fee	0	0		0
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss and Fee	366,706	388,814		350,090
Allowance for loan losses	(6,363)	(6,714)	(6,264)	(5,455)	(4,145)
Commercial and Industrial | PCI Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss and Fee	247	265		443
SBA Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss and Fee	688,197	562,842		187,407
Allowance for loan losses	(2,986)	(3,256)	(2,965)	(2,954)	(2,741)
SBA Loans | PCI Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss and Fee	394	408		526
SBA Loans | Paycheck Protection Program Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Net deferred origination fees	(10,500)	(6,600)
SBA Loans | Paycheck Protection Program Loans | Paycheck Protection Program, CARES Act
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss and Fee	453,200	326,700
Loans held for investment	442,700
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss and Fee	3	1		450
Allowance for loan losses	0	0	$ 0	(3)	$ (2)
Consumer | PCI Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss and Fee	$ 0	$ 0		$ 0

Loans - Loans Held for Investme

Loans - Loans Held for Investment (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	$ 2,048,902	$ 1,897,599
Unamortized net discounts	(7,401)	(8,014)
Net unamortized deferred origination fees	(12,902)	(8,808)
Loans held for investment	2,028,599	1,880,777
Financing Receivable, before Allowance for Credit Loss and Fee	2,041,501	1,889,585	$ 1,439,447
Loans, net	2,009,328	1,861,610
SBA Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss and Fee	688,197	562,842	187,407
SBA Loans | Paycheck Protection Program Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Net unamortized deferred origination fees	(10,500)	(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	442,700
Financing Receivable, before Allowance for Credit Loss and Fee	453,200	326,700
Pacific Commerce Bancorp
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unamortized net discounts	$ (3,400)	(3,900)
Net discount on acquired loans, weighted average life	3 years 7 months 6 days
PCI Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss and Fee	$ 722	761	1,075
Loans, net	722	761
PCI Loans | SBA Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss and Fee	$ 394	$ 408	$ 526

Loans - Allowance for Loan Loss

Loans - Allowance for Loan Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of period	$ 19,167	$ 18,734	$ 13,522
Provision for loan losses	0	100	2,700
Charge-offs	(2)	(5)	(28)
Recoveries	106	338	24
Net recoveries (charge-offs)	104	333	(4)
Balance, end of period	$ 19,271	$ 19,167	$ 16,218

Loans - Allowance for Loan Lo_2

Loans - Allowance for Loan Losses by Portfolio Segment (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of period	$ 19,167	$ 18,734	$ 13,522
Provision for (reversal of) loan losses	0	100	2,700
Charge-offs	(2)	(5)	(28)
Recoveries	106	338	24
Net recoveries	104	333	(4)
Balance, end of period	19,271	19,167	16,218
Reserves:
Specific				$ 76	$ 444	$ 1,092
General				19,195	18,723	15,126
Total loan reserve	19,167	19,167	13,522	19,271	19,167	16,218
Loans evaluated for impairment:
Individually				4,508	6,765	9,454
Collectively				2,036,271	1,882,059	1,428,918
Financing Receivable, before Allowance for Credit Loss and Fee				2,041,501	1,889,585	1,439,447
PCI Loans
Loans evaluated for impairment:
Financing Receivable, before Allowance for Credit Loss and Fee				722	761	1,075
Construction and Land Development
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of period	2,129	2,370	2,350
Provision for (reversal of) loan losses	407	(241)	148
Charge-offs	0	0	0
Recoveries	0	0	0
Net recoveries	0	0	0
Balance, end of period	2,536	2,129	2,498
Reserves:
Specific				0	0	0
General				2,536	2,129	2,498
Total loan reserve	2,129	2,129	2,498	2,536	2,129	2,498
Loans evaluated for impairment:
Individually				0	0	0
Collectively				229,637	197,634	233,607
Financing Receivable, before Allowance for Credit Loss and Fee				229,637	197,634	233,607
Construction and Land Development | PCI Loans
Loans evaluated for impairment:
Financing Receivable, before Allowance for Credit Loss and Fee				0	0	0
Commercial and Industrial
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of period	6,714	6,264	4,145
Provision for (reversal of) loan losses	(455)	138	1,305
Charge-offs	(2)	(5)	(7)
Recoveries	106	317	12
Net recoveries	104	312	5
Balance, end of period	6,363	6,714	5,455
Reserves:
Specific				0	0	0
General				6,363	6,714	5,455
Total loan reserve	6,714	6,714	5,455	6,363	6,714	5,455
Loans evaluated for impairment:
Individually				120	183	187
Collectively				366,339	388,366	349,460
Financing Receivable, before Allowance for Credit Loss and Fee				366,706	388,814	350,090
Commercial and Industrial | PCI Loans
Loans evaluated for impairment:
Financing Receivable, before Allowance for Credit Loss and Fee				247	265	443
SBA Loans
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of period	3,256	2,965	2,741
Provision for (reversal of) loan losses	(270)	270	222
Charge-offs	0	0	(21)
Recoveries	0	21	12
Net recoveries	0	21	(9)
Balance, end of period	2,986	3,256	2,954
Reserves:
Specific				0	343	877
General				2,986	2,913	2,077
Total loan reserve	2,986	2,965	2,954	2,986	3,256	2,954
Loans evaluated for impairment:
Individually				1,899	3,570	6,339
Collectively				685,904	558,864	180,542
Financing Receivable, before Allowance for Credit Loss and Fee				688,197	562,842	187,407
SBA Loans | PCI Loans
Loans evaluated for impairment:
Financing Receivable, before Allowance for Credit Loss and Fee				394	408	526
Consumer
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of period	0	0	2
Provision for (reversal of) loan losses	0	0	1
Charge-offs	0	0	0
Recoveries	0	0	0
Net recoveries	0	0	0
Balance, end of period	0	0	3
Reserves:
Specific				0	0	0
General				0	0	3
Total loan reserve	0	0	3	0	0	3
Loans evaluated for impairment:
Individually				0	0	0
Collectively				3	1	450
Financing Receivable, before Allowance for Credit Loss and Fee				3	1	450
Consumer | PCI Loans
Loans evaluated for impairment:
Financing Receivable, before Allowance for Credit Loss and Fee				0	0	0
Residential | Real Estate
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of period	233	275	292
Provision for (reversal of) loan losses	(13)	(42)	41
Charge-offs	0	0	0
Recoveries	0	0	0
Net recoveries	0	0	0
Balance, end of period	220	233	333
Reserves:
Specific				0	0	0
General				220	233	333
Total loan reserve	233	233	333	220	233	333
Loans evaluated for impairment:
Individually				0	254	0
Collectively				25,505	27,429	42,904
Financing Receivable, before Allowance for Credit Loss and Fee				25,505	27,683	42,904
Residential | Real Estate | PCI Loans
Loans evaluated for impairment:
Financing Receivable, before Allowance for Credit Loss and Fee				0	0	0
Commercial real estate - owner occupied | Real Estate
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of period	1,290	1,280	918
Provision for (reversal of) loan losses	15	10	(74)
Charge-offs	0	0	0
Recoveries	0	0	0
Net recoveries	0	0	0
Balance, end of period	1,305	1,290	844
Reserves:
Specific				0	0	0
General				1,305	1,290	844
Total loan reserve	1,290	1,290	844	1,305	1,290	844
Loans evaluated for impairment:
Individually				1,255	1,293	1,560
Collectively				157,703	160,442	146,851
Financing Receivable, before Allowance for Credit Loss and Fee				159,039	161,823	148,517
Commercial real estate - owner occupied | Real Estate | PCI Loans
Loans evaluated for impairment:
Financing Receivable, before Allowance for Credit Loss and Fee				81	88	106
Commercial real estate - non-owner occupied | Real Estate
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of period	5,545	5,580	3,074
Provision for (reversal of) loan losses	316	(35)	1,057
Charge-offs	0	0	0
Recoveries	0	0	0
Net recoveries	0	0	0
Balance, end of period	5,861	5,545	4,131
Reserves:
Specific				76	101	215
General				5,785	5,444	3,916
Total loan reserve	$ 5,545	$ 5,545	$ 4,131	5,861	5,545	4,131
Loans evaluated for impairment:
Individually				1,234	1,465	1,368
Collectively				571,180	549,323	475,104
Financing Receivable, before Allowance for Credit Loss and Fee				572,414	550,788	476,472
Commercial real estate - non-owner occupied | Real Estate | PCI Loans
Loans evaluated for impairment:
Financing Receivable, before Allowance for Credit Loss and Fee				$ 0	$ 0	$ 0

Loans - Risk Category of Loans

Loans - Risk Category of Loans by Class (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	$ 2,040,779	$ 1,888,824
Pass
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	2,014,677	1,870,463
Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	10,833	0
Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	15,269	18,361
Impaired
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	4,200	6,400
Construction and Land Development
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	229,637	197,634
Construction and Land Development | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	229,637	197,634
Construction and Land Development | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	0	0
Construction and Land Development | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	0	0
Real Estate | Residential
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	25,505	27,683
Real Estate | Residential | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	25,505	27,429
Real Estate | Residential | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	0	0
Real Estate | Residential | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	0	254
Real Estate | Commercial real estate - owner occupied
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	158,958	161,735
Real Estate | Commercial real estate - owner occupied | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	154,182	160,318
Real Estate | Commercial real estate - owner occupied | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	3,396	0
Real Estate | Commercial real estate - owner occupied | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	1,380	1,417
Real Estate | Commercial real estate - non-owner occupied
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	572,414	550,788
Real Estate | Commercial real estate - non-owner occupied | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	562,671	547,252
Real Estate | Commercial real estate - non-owner occupied | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	7,137	0
Real Estate | Commercial real estate - non-owner occupied | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	2,606	3,536
Commercial and industrial
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	366,459	388,549
Commercial and industrial | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	362,350	384,582
Commercial and industrial | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	300	0
Commercial and industrial | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	3,809	3,967
SBA Loans
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	687,803	562,434
SBA Loans | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	680,329	553,247
SBA Loans | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	0	0
SBA Loans | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	7,474	9,187
Consumer
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	3	1
Consumer | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	3	1
Consumer | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	0	0
Consumer | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment, excluding PCI loans	$ 0	$ 0

Loans - Past Due and Nonaccrual

Loans - Past Due and Nonaccrual Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual	$ 4,191	$ 6,446
30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Still Accruing	1	54
60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Still Accruing	0	0
90 Days or more Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Still Accruing	0	0
Commercial and Industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual	120	183
Commercial and Industrial | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Still Accruing	1	1
Commercial and Industrial | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Still Accruing	0	0
Commercial and Industrial | 90 Days or more Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Still Accruing	0	0
SBA Loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual	1,582	3,251
SBA Loans | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Still Accruing	0	53
SBA Loans | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Still Accruing	0	0
SBA Loans | 90 Days or more Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Still Accruing	0	0
Residential | Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual		254
Residential | Real Estate | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Still Accruing		0
Residential | Real Estate | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Still Accruing		0
Residential | Real Estate | 90 Days or more Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Still Accruing		0
Commercial real estate - owner occupied | Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual	1,255	1,293
Commercial real estate - owner occupied | Real Estate | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Still Accruing	0	0
Commercial real estate - owner occupied | Real Estate | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Still Accruing	0	0
Commercial real estate - owner occupied | Real Estate | 90 Days or more Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Still Accruing	0	0
Commercial real estate - non-owner occupied | Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual	1,234	1,465
Commercial real estate - non-owner occupied | Real Estate | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Still Accruing	0	0
Commercial real estate - non-owner occupied | Real Estate | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Still Accruing	0	0
Commercial real estate - non-owner occupied | Real Estate | 90 Days or more Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Still Accruing	$ 0	$ 0

Loans - Individually Impaired L

Loans - Individually Impaired Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	$ 4,880	$ 7,179
Recorded investment	4,508	6,765
Impaired loans, without specific reserve	3,274	4,021
Impaired loans, with specific reserve	1,234	2,744
Related Allowance	76	444
Real Estate | Residential
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
Real Estate | Commercial real estate - owner occupied
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	1,307	1,345
Recorded investment	1,255	1,293
Impaired loans, without specific reserve	1,255	1,293
Impaired loans, with specific reserve	0	0
Related Allowance	0	0
Real Estate | Commercial real estate - non-owner occupied
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	1,277	1,507
Recorded investment	1,234	1,465
Impaired loans, without specific reserve	0	202
Impaired loans, with specific reserve	1,234	1,263
Related Allowance	76	101
Commercial and Industrial
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	120	183
Recorded investment	120	183
Impaired loans, without specific reserve	120	183
Impaired loans, with specific reserve	0	0
Related Allowance	0	0
SBA Loans
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	2,176	3,891
Recorded investment	1,899	3,570
Impaired loans, without specific reserve	1,899	2,089
Impaired loans, with specific reserve	0	1,481
Related Allowance	0	343
TDRs on Accrual
Financing Receivable, Impaired [Line Items]
Recorded investment	$ 317	$ 319

Loans - Average Recorded Invest

Loans - Average Recorded Investment (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	$ 5,637	$ 10,038	$ 10,845
Interest Income Recognized	6	6	7
Real Estate | Residential
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	127	256	0
Interest Income Recognized	0	0	0
Real Estate | Commercial real estate - owner occupied
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	1,274	1,302	2,607
Interest Income Recognized	0	0	0
Real Estate | Commercial real estate - non-owner occupied
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	1,349	3,876	1,368
Interest Income Recognized	0	0	0
Commercial and Industrial
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	152	183	193
Interest Income Recognized	0	0	0
SBA Loans
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	2,735	4,421	6,677
Interest Income Recognized	$ 6	$ 6	$ 7

Transfers and Servicing of Fi_3

Transfers and Servicing of Financial Assets - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended			12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2020
Contractually Specified Servicing Fees, Late Fees, and Ancillary Fees Earned in Exchange for Servicing Financial Assets [Line Items]
Loans serviced for others	$ 454,100	$ 454,300		$ 454,300
Servicing asset	2,778	2,860		2,860
Loans serviced for others with no related servicing assets	230,400	231,800		231,800
Net servicing fees	400	201	$ 224
SBA Loans
Contractually Specified Servicing Fees, Late Fees, and Ancillary Fees Earned in Exchange for Servicing Financial Assets [Line Items]
Loans serviced for others	223,700	222,500		222,500
Servicing asset at fair value	$ 3,700	3,400		3,400
Discount rate	8.40%
Prepayment speeds	20.10%
SBA loans sold	$ 7,400		3,400
Total gain on sale of SBA loans	706		377
Net servicing fees	400		224
Contractually specified servicing fees	$ 655		$ 506
Main Street Loans
Contractually Specified Servicing Fees, Late Fees, and Ancillary Fees Earned in Exchange for Servicing Financial Assets [Line Items]
Servicing fees, percentage	0.25%
Principal amount of Main Street Loans		102,400		172,200
Proceeds from sale of participation interest		97,300		163,600
Gain (loss) on sale of participation interest		$ 660		$ 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%
Discount rate	1.00%
Prepayment speeds	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%
Discount rate	2.00%
Prepayment speeds	20.00%

Transfers and Servicing of Fi_4

Transfers and Servicing of Financial Assets - SBA Servicing Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance, beginning of period	$ 2,860	$ 3,202
Additions	173	68
Amortization	(255)	(282)
Balance, end of period	$ 2,778	$ 2,988

Transfers and Servicing of Fi_5

Transfers and Servicing of Financial Assets - Prepayment Speeds and Assumptions (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2021USD ($)
Change in Estimated Fair Value
Prepayment speeds	$ (222)
Prepayment speeds	(421)
Discount rate	(103)
Discount rate	$ (200)
Minimum
Change in Assumption
Prepayment speeds	10.00%
Discount rate	1.00%
Maximum
Change in Assumption
Prepayment speeds	20.00%
Discount rate	2.00%

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Narrative (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	Jul. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Goodwill recognized	$ 73,425	$ 73,425
Pacific Commerce Bancorp
Finite-Lived Intangible Assets [Line Items]
Goodwill recognized			$ 73,400
Pacific Commerce Bancorp | Core Deposit Intangibles
Finite-Lived Intangible Assets [Line Items]
Core deposit intangible			$ 6,900

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Schedule of Changes in CDI (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020
Accumulated amortization:
Amortization	$ (188)	$ (192)	$ (193)
Net core deposit intangible, end of period	4,768	4,956
Core Deposit Intangibles
Core deposit intangible:
Gross balance, beginning of period	6,908		6,908
Additions	0		0
Gross balance, end of period	6,908	6,908	6,908
Accumulated amortization:
Balance, beginning of period	(1,952)		(1,180)
Amortization	(188)		(193)
Balance, end of period	(2,140)	$ (1,952)	(1,373)
Net core deposit intangible, end of period	$ 4,768		$ 5,535

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Schedule of Estimated Amortization Expense (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Net core deposit intangible, end of period	$ 4,768	$ 4,956
Core Deposit Intangibles
Finite-Lived Intangible Assets [Line Items]
Remainder of 2021	565
2022	732
2023	707
2024	678
2025	646
Thereafter	1,440
Net core deposit intangible, end of period	$ 4,768		$ 5,535

Deposits (Details)

Deposits (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Banking and Thrift, Other Disclosures [Abstract]
Depositor relationships, percentage of total deposits	28.00%
Time deposits, brokered, non-maturity	$ 153.8	$ 78.7
Time deposits, brokered	109.8	101.1
Time deposits, equaling or exceeding FDIC insurance limit	16.4	$ 30.7
State public deposits	$ 44.8

BORROWING ARRANGEMENTS - Narrat

BORROWING ARRANGEMENTS - Narrative (Details)	3 Months Ended
	Mar. 31, 2021USD ($)bank	Mar. 31, 2020USD ($)	Dec. 31, 2020USD ($)
Debt Instrument [Line Items]
Loans pledged as collateral for FHLB	$ 1,300,000		$ 1,400,000
Advances from FHLB	95,000,000		145,000,000
Average balance of FHLB borrowings	$ 129,200,000	$ 89,800,000
Average balance of FHLB borrowings, interest rate	0.61%	1.68%
Federal Home Loan Bank, Recovery Advance Loan | Federal Home Loan Bank of San Francisco
Debt Instrument [Line Items]
Advances from FHLB	$ 5,000,000
FHLB advances, interest rate	0.00%
Federal Reserve Bank
Debt Instrument [Line Items]
Loans pledged as collateral with the FHLB	$ 226,600,000
Maximum borrowing capacity	149,500,000
Collateral amount	1,300,000
Overnight borrowings	$ 0	$ 0
Line of Credit | PPPLF
Debt Instrument [Line Items]
Fixed interest rate	0.35%
Long-term line of credit	$ 210,000,000		204,700,000
Average outstanding borrowings	197,200,000
Unsecured Debt
Debt Instrument [Line Items]
Total borrowing capacity, Federal Home Loan Bank borrowing	125,000,000
Overnight borrowings	$ 0	0
Primary correspondent bank | bank	5
Secured Debt
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 25,000,000
Average outstanding borrowings	1,000,000	$ 8,000,000
Senior secured notes	$ 0		$ 2,000,000
Effective percentage			3.25%
Weighted average interest rate	3.57%	4.56%
Federal Home Loan Bank Advances
Debt Instrument [Line Items]
Total borrowing capacity, Federal Home Loan Bank borrowing	$ 414,000,000
Line of credit facility, remaining borrowing capacity	259,000,000
Loans pledged as collateral for FHLB	1,650,000,000
Loans pledged as collateral with the FHLB	871,600,000
FHLB secured borrowing capacity, additional amount used	60,000,000
Affiliated Entity | Secured Debt
Debt Instrument [Line Items]
Remaining borrowing capacity	$ 25,000,000

BORROWING ARRANGEMENTS - Federa

BORROWING ARRANGEMENTS - Federal Home Loan (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Short-term Debt [Line Items]
Balance	$ 95,000	$ 145,000
Rate	0.75%	0.56%
Short-Term Recovery Advance Maturing May 2020 | Federal Home Loan Bank of San Francisco
Short-term Debt [Line Items]
Balance	$ 5,000	$ 5,000
Rate	0.00%	0.00%
Short-Term Fixed-Rate Advance Maturing November 2020
Short-term Debt [Line Items]
Balance	$ 0	$ 50,000
Rate	0.00%	0.19%
Short-Term, Fixed-Rate Advance, Maturing February 2021
Short-term Debt [Line Items]
Balance	$ 30,000	$ 30,000
Rate	0.25%	0.25%
Short-Term Fixed-Rate Advance Maturing May 2021
Short-term Debt [Line Items]
Balance	$ 30,000	$ 30,000
Rate	0.21%	0.21%
Short-Term Advance, Maturing June 2021
Short-term Debt [Line Items]
Balance	$ 30,000	$ 30,000
Rate	1.93%	1.93%

Income Taxes (Details)

Income Taxes (Details) - USD ($)	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020
Income Tax Disclosure [Abstract]
Decrease in deferred tax asset	$ 978,000
Income taxes	$ 4,230,000	$ 4,512,000	$ 1,823,000
Effective income tax rate	30.20%		28.60%
Unrecognized tax benefits	$ 0	$ 0
Unrecognized tax benefits, interest and penalties accrued	$ 0

Commitments and Contingencies -

Commitments and Contingencies - Financial Commitments (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial commitments	$ 489,939	$ 435,446
Commitments to extend credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial commitments	484,434	429,519
Standby letters of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial commitments	3,415	3,777
Commitments to contribute capital to low income housing projects
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial commitments	2,029	2,089
Commitments to contribute capital to other CRA equity investments
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial commitments	$ 61	$ 61

Commitments and Contingencies_2

Commitments and Contingencies - Narrative (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2021USD ($)partnership	Mar. 31, 2020USD ($)	Dec. 31, 2020USD ($)
Commitments and Contingencies Disclosure [Abstract]
Provision for unfunded commitments	$ 200	$ 0
Allowance for unfunded commitments	$ 1,700		$ 1,500
Number of affordable housing project partnerships | partnership	2
Unfunded commitments to contribute capital	$ 2,100		$ 2,200

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Related Party Transaction [Line Items]
Deposits from related party, held by the Company	$ 28,200,000	$ 25,800,000
Total deposits of acquiree	1,895,550,000	1,634,158,000
Equity securities, at fair value	2,774,000	2,798,000
Director
Related Party Transaction [Line Items]
Total deposits of acquiree	1,200,000
Equity securities, at fair value	102,000	102,000
Participating mortgage loans, mortgage obligations, amount	22,900,000	23,800,000
Secured Debt
Related Party Transaction [Line Items]
Senior secured facility	25,000,000
Senior secured notes	0	2,000,000
Secured Debt | Director
Related Party Transaction [Line Items]
Senior secured facility	25,000,000
Senior secured notes	0	2,000,000
Federal Fund | Director
Related Party Transaction [Line Items]
Senior secured facility	20,000,000
Outstanding line of credit borrowings	$ 0	$ 0

Stock-Based Compensation Plan_2

Stock-Based Compensation Plans - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 592	$ 484
Unrecognized compensation cost	74
Options, exercises in period, intrinsic value	$ 69	$ 28
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration period	10 years
Stock options | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	3 years
Stock options | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	5 years
Restricted stocks
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 3,000
Compensation cost not yet recognized, period for recognition	1 year 4 months 24 days
Options, vested in period, intrinsic value	$ 1,800
Restricted stocks | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	1 year
Restricted stocks | 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

Stock-Based Compensation Plan_3

Stock-Based Compensation Plans - Summary of Outstanding Stock Options (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Shares
Outstanding, beginning of period (in shares)	119,162	137,531
Exercised (in shares)	(5,530)	(1,930)
Granted (in shares)	10,000	0
Forfeited (in shares)	0	(1,430)
Outstanding, end of period (in shares)	123,632	134,171
Option exercisable (in shares)	108,632	134,171
Weighted Average Exercise Price
Outstanding, beginning of period (in dollars per share)	$ 10.50	$ 10.20
Exercised (in dollars per share)	10.92	10.74
Granted (in dollars per share)	25.32	0
Forfeited (in dollars per share)	0	12.69
Outstanding, end of period (in dollars per share)	11.68	10.16
Option exercisable (in dollars per share)	$ 10.30	$ 10.16
Outstanding, weighted average remaining contractual term	3 years 7 months 6 days	3 years 7 months 6 days
Exercisable, weighted average remaining contractual term	2 years 9 months 18 days	3 years 7 months 6 days
Outstanding, aggregate intrinsic value	$ 1,571	$ 676
Exercisable, aggregate intrinsic value	$ 1,522	$ 676

Stock-Based Compensation Plan_4

Stock-Based Compensation Plans - Summary of Outstanding Restricted Shares (Details) - Restricted stocks - $ / shares	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Shares
Nonvested, beginning of period (in shares)	124,898	113,635
Granted (in shares)	132,496	72,111
Vested (in shares)	(70,697)	(79,004)
Forfeited (in shares)	(600)	(3,076)
Nonvested, end of period (in shares)	186,097	103,666
Weighted Average Grant-Date Fair Value
Nonvested, beginning of period (in dollars per share)	$ 21.69	$ 22.50
Granted (in dollars per share)	19.91	25.12
Vested (in dollars per share)	25.08	22.33
Forfeited (in dollars per share)	20.33	27.82
Nonvested, end of period (in dollars per share)	$ 19.14	$ 24.30

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020
Numerator for basic earnings per share:
Net income	$ 9,758	$ 10,794	$ 4,546
Less: dividends and net income allocated to participating securities	(138)	(116)	(39)
Net income available to common shareholders	$ 9,620	$ 10,678	$ 4,507
Denominator for basic earnings per share:
Basic weighted average common shares outstanding during the period (in shares)	11,614,333	11,580,236	11,558,039
Denominator for diluted earnings per share:
Basic weighted average common shares outstanding during the period (in shares)	11,614,333	11,580,236	11,558,039
Net effect of dilutive stock options (in shares)	59,142	40,346	74,011
Diluted weighted average common shares (in shares)	11,673,475	11,620,582	11,632,050
Earnings per common share:
Basic (in dollars per share)	$ 0.83	$ 0.92	$ 0.39
Diluted (in dollars per share)	$ 0.82	$ 0.92	$ 0.39

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Financial Assets:
Securities available-for-sale	$ 37,376	$ 42,027
Securities held-to-maturity	1,417	1,470
Equity securities	2,774	2,798
Loans held for sale	13,700	10,600
Restricted stock investments, at cost	6,100	6,100
Level 1 | Carrying Amount
Financial Assets:
Cash and cash equivalents	309,446	236,381
Equity securities	2,774	2,798
Level 1 | Fair Value
Financial Assets:
Cash and cash equivalents	309,446	236,381
Equity securities	2,774	2,798
Level 2 | Carrying Amount
Financial Assets:
Securities available-for-sale	37,376	42,027
Securities held-to-maturity	1,348	1,358
Loans held for sale	12,669	9,932
Restricted stock investments, at cost	12,999	12,999
Accrued interest receivable	9,364	9,569
Financial Liabilities:
Deposits	1,895,550	1,634,158
Borrowings	95,000	145,000
PPP Liquidity Facility	209,998	204,719
Senior secured notes	0	2,000
Accrued interest payable	548	534
Level 2 | Fair Value
Financial Assets:
Securities available-for-sale	37,376	42,027
Securities held-to-maturity	1,417	1,470
Loans held for sale	13,687	10,618
Restricted stock investments, at cost	12,999	12,999
Accrued interest receivable	9,364	9,569
Financial Liabilities:
Deposits	1,895,794	1,634,170
Borrowings	95,102	145,357
PPP Liquidity Facility	210,152	204,820
Senior secured notes	0	2,000
Accrued interest payable	548	534
Level 3 | Carrying Amount
Financial Assets:
Loan held for investment, net	2,009,328	1,861,610
Servicing asset	2,778	2,860
Level 3 | Fair Value
Financial Assets:
Loan held for investment, net	2,051,100	1,904,785
Servicing asset	$ 3,738	$ 3,434

Fair Value Measurements - Recur

Fair Value Measurements - Recurring and Nonrecurring Fair Value Measurements (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	$ 37,376		$ 42,027
Equity securities	2,774		2,798
U.S. Government and agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	2,628		2,705
Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	4,897		5,653
Collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	22,399		25,778
SBA Pools
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	7,452		7,891
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	37,376		42,027
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	37,376		42,027
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 | U.S. Government and agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	2,628
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	2,628
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, Recurring | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	4,897		5,653
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	4,897		5,653
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	22,399		25,778
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	22,399		25,778
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	7,452		7,891
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	7,452		7,891
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	2,774		2,798
Fair Value, Measurements, Recurring | Mutual fund investment | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities	2,774		2,798
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, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	$ 1,158		2,300
Fair Value, Measurements, Nonrecurring | Impaired Loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans, measurement input	10.00%
Fair Value, Measurements, Nonrecurring | Measurement Input, Cost to Sell
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans, measurement input	10.00%
Fair Value, Measurements, Nonrecurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	$ 0		0
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	1,158		$ 2,300
Fair Value, Measurements, Nonrecurring | Level 3 | Impaired Loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total nonrecurring gains (losses) recognized for impaired loans	$ (472)	$ (62)

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020
Disaggregation of Revenue [Line Items]
Noninterest income, in-scope:	$ 483		$ 596
Total noninterest income, not in-scope	1,771		819
Total noninterest income	2,254	$ 4,194	1,415
Service charges and fees on deposit accounts
Disaggregation of Revenue [Line Items]
Noninterest income, in-scope:	441	$ 468	555
Other income
Disaggregation of Revenue [Line Items]
Noninterest income, in-scope:	42		41
Total noninterest income, not in-scope	665		218
Gain on sale of loans
Disaggregation of Revenue [Line Items]
Total noninterest income, not in-scope	706		377
Net servicing fees
Disaggregation of Revenue [Line Items]
Total noninterest income, not in-scope	$ 400		$ 224

Equity (Details)

Equity (Details) - USD ($) $ / shares in Units, $ in Thousands	Dec. 03, 2018	Mar. 31, 2021	Mar. 31, 2020
Class of Stock [Line Items]
Dividends declared (in dollars per share)		$ 0.25	$ 0.25
Cash dividends declared		$ 3,000	$ 2,900
Cost to repurchase shares		$ 353	$ 138
Stock Repurchase Plan
Class of Stock [Line Items]
Repurchase of shares (in shares)	1,200,000	0	38,411
Percentage of shares outstanding authorized to be repurchased	10.00%
Repurchase of shares, average price per share (in usd per share)			$ 22.34
Cost to repurchase shares		$ 858
Remaining number of shares authorized for repurchase (in shares)		695,489

Regulatory Capital - Narrative

Regulatory Capital - Narrative (Details)	Mar. 31, 2021	Dec. 31, 2020
Community Bank Leverage Ratio
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier 1 capital to average assets, ratio	0.0975	0.1028

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ / shares in Units, $ in Thousands	Apr. 25, 2021	Mar. 31, 2021	Mar. 31, 2020	May 10, 2021	Dec. 31, 2020
Subsequent Event [Line Items]
Cash dividends (in dollars per share)		$ 0.25	$ 0.25
Assets		$ 2,500,744			$ 2,283,115
Enterprise Bank And Trust
Subsequent Event [Line Items]
Assets		$ 12,700,000
Subsequent Event
Subsequent Event [Line Items]
Cash dividends (in dollars per share)	$ 0.25
Dividends payable (in dollars per share)				$ 0.25