OP Bancorp (OPBK) 10-Q 14 May 19 2019 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2019	May 14, 2019
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Trading Symbol	OPBK
Entity Registrant Name	OP Bancorp
Entity Central Index Key	0001722010
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	true
Entity Common Stock, Shares Outstanding		15,657,062

CONSOLIDATED BALANCE SHEETS (un

CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Thousands		Mar. 31, 2019	Dec. 31, 2018
ASSETS
Cash and cash equivalents		$ 65,796	$ 77,726
Securities available for sale, at fair value		54,116	55,336
Other investments		7,306	7,260
Loans held for sale		246	752
Loans receivable, net of allowance of $9,619 at March 31, 2019 and $9,636 at December 31, 2018		903,445	865,423
Premises and equipment, net		5,083	4,633
Accrued interest receivable		3,368	3,068
Servicing assets		7,046	6,987
Company owned life insurance		10,414	11,394
Deferred tax assets		3,665	3,672
OREO		1,146
Operating right-of-use assets	[1]	7,738
Other assets		7,866	7,935
Total assets		1,077,235	1,044,186
Deposits:
Noninterest bearing		272,482	285,132
Interest bearing:
Savings		3,527	3,421
Money market and others		257,694	261,349
Time deposits greater than $250,000		188,162	164,281
Other time deposits		207,537	190,993
Total deposits		929,402	905,176
Accrued interest payable		2,178	1,715
Operating lease liabilities	[1]	9,566
Other liabilities		3,713	7,508
Total liabilities		944,859	914,399
Shareholders’ equity
Preferred stock – no par value; 10,000,000 shares authorized; no shares issued or outstanding at March 31, 2019 and December 31, 2018
Common stock – no par value; 50,000,000 shares authorized; 15,719,583 and 15,860,306 shares issued and outstanding at March 31, 2019 and December 31, 2018, respectively		89,120	91,209
Additional paid-in capital		6,626	6,249
Retained earnings		36,824	32,877
Accumulated other comprehensive loss		(194)	(548)
Total shareholders’ equity		132,376	129,787
Total liabilities and shareholders' equity		$ 1,077,235	$ 1,044,186
[1]	The adoption of ASU 2016-02, Leases (Topic 842) in the first quarter of 2019 resulted in the recognition of right-of-use assets and lease liabilities on balance sheet.

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Statement Of Financial Position [Abstract]
Loans receivable, allowance	$ 9,619	$ 9,636
Cash, FDIC insured amount	$ 250,000	$ 250,000
Preferred stock, par value
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares, issued	15,719,583	15,860,306
Common stock, shares, outstanding	15,719,583	15,860,306

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Interest income
Interest and fees on loans	$ 13,354	$ 10,848
Interest on investment securities	360	188
Other interest income	372	144
Total interest income	14,086	11,180
Interest expense
Interest on deposits	3,288	1,534
Interest on borrowed funds		87
Total interest expense	3,288	1,621
Net interest income	10,798	9,559
Provision for loan losses		575
Net interest income after provision for loan losses	10,798	8,984
Noninterest income
Service charges on deposits	448	537
Loan servicing fees, net of amortization	383	324
Gain on sale of loans	1,077	989
Other income	1,675	362
Total noninterest income	3,583	2,212
Noninterest expense
Salaries and employee benefits	5,168	4,211
Occupancy and equipment	1,077	1,026
Data processing and communication	312	331
Professional fees	203	152
FDIC insurance and regulatory assessments	104	96
Promotion and advertising	178	145
Directors’ fees	229	209
Foundation donation and other contributions	388	329
Other expenses	464	312
Total noninterest expense	8,123	6,811
Income before income taxes	6,258	4,385
Income tax expense	1,518	1,169
Net income	$ 4,740	$ 3,216
Earnings per share - Basic	$ 0.29	$ 0.23
Earnings per share - Diluted	$ 0.29	$ 0.22
Other comprehensive income (loss):
Change in unrealized income (loss) on securities available for sale	$ 503	$ (508)
Tax effect	(149)	75
Total other comprehensive income (loss)	354	(433)
Comprehensive income	$ 5,094	$ 2,783

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (unaudited) - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)
Beginning balance at Dec. 31, 2017	$ 91,480	$ 67,926	$ 5,280	$ 18,624	$ (350)
Beginning balance, shares at Dec. 31, 2017		13,190,527
Net income	3,216			3,216
Stock issued under stock offering, net of expenses	22,637	$ 22,637
Stock issued under stock offering, net of expenses, shares		2,300,000
Stock issued under stock-based compensation plans	114	$ 114
Stock issued under stock-based compensation plans, shares		40,000
Stock-based compensation	246		246
Change in unrealized loss on securities available for sale net of reclassifications and tax effects	(433)				(433)
Ending balance at Mar. 31, 2018	117,260	$ 90,677	5,526	21,840	(783)
Ending balance, shares at Mar. 31, 2018		15,530,527
Beginning balance at Dec. 31, 2018	129,787	$ 91,209	6,249	32,877	(548)
Beginning balance, shares at Dec. 31, 2018		15,860,306
Net income	4,740			4,740
Stock issued under stock-based compensation plans	292	$ 292
Stock issued under stock-based compensation plans, shares		118,162
Stock-based compensation	377		377
Repurchase of common stock	(2,381)	$ (2,381)
Repurchase of common stock, shares		(258,885)
Cash dividends declared	(793)			(793)
Change in unrealized loss on securities available for sale net of reclassifications and tax effects	354				354
Ending balance at Mar. 31, 2019	$ 132,376	$ 89,120	$ 6,626	$ 36,824	$ (194)
Ending balance, shares at Mar. 31, 2019		15,719,583

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2019	Mar. 31, 2018
Cash flows from operating activities
Net income		$ 4,740	$ 3,216
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities:
Provision for loan losses			575
Depreciation and amortization of premises and equipment		268	240
Amortization of net premiums on securities		53	61
Stock-based compensation		377	246
Gain on sales of loans		(1,077)	(989)
Earnings on company owned life insurance (COLI)		(1,308)	(76)
Origination of loans held for sale		(18,044)	(16,819)
Proceeds from sales of loans held for sale		19,165	14,598
Amortization of servicing assets		403	424
Net change in fair value of equity investment with readily determinable fair value		(46)
Net change in:
Accrued interest receivable		(300)	(40)
Deferred tax assets		7	(620)
Other assets		(80)	(2,295)
Accrued interest payable		463	134
Other liabilities		(1,967)	(44)
Net cash from operating activities		2,654	(1,389)
Cash flows from investing activities
Net change in loans receivable		(39,168)	(45,726)
Proceeds from calls of securities available for sale		1,670	1,520
Proceeds from COLI		2,288
Purchase of premises and equipment, net		(718)	(467)
Purchase of other investments			(13)
Net cash from investing activities		(35,928)	(44,686)
Cash flows from financing activities
Net change in deposits		24,226	44,974
Cash received from stock option exercises		292	114
Repayment of Federal Home Loan Bank advances			(15,000)
Issuance of common stock, net of expenses			22,637
Repurchase of common stock		(2,381)
Cash dividend paid on common stock		(793)
Net cash from financing activities		21,344	52,725
Net change in cash and cash equivalents		(11,930)	6,650
Cash and cash equivalents at beginning of period		77,726	63,250
Cash and cash equivalents at end of period		65,796	69,900
Supplemental cash flow information
Income taxes		465
Interest		2,825	$ 1,487
Supplemental noncash disclosure:
Transfer from loan receivable to OREO		1,146
The adoption of ASU 2016-02, leases (Topic 842) recognition right-of-use assets	[1]	7,738
ASU 2016-02
Supplemental noncash disclosure:
The adoption of ASU 2016-02, leases (Topic 842) recognition right-of-use assets		$ 8,057
[1]	The adoption of ASU 2016-02, Leases (Topic 842) in the first quarter of 2019 resulted in the recognition of right-of-use assets and lease liabilities on balance sheet.

Business Description

Business Description	3 Months Ended
	Mar. 31, 2019
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Business Description	Note 1. Business Description OP Bancorp (the “Company”) is a California corporation whose common stock is quoted on the Nasdaq Global Market under the ticker symbol, “OPBK.” The Company was formed to acquire 100% of the voting equity of Open Bank (the “Bank”) and commenced operation as a bank holding company on June 1, 2016. This transaction was treated as an internal reorganization as all shareholders of the Bank became shareholders of the Company. The Company has no operations other than ownership of the Bank. The Bank is a California state-chartered and FDIC-insured financial institution, which began its operations on June 10, 2005. Headquartered in downtown Los Angeles, California, the Company operates primarily in the traditional banking business arena that includes accepting deposits and making loans and investments. The Company’s primary deposit products are demand and time deposits, and the primary lending products are commercial business loans to small to medium sized businesses. The Company is operating with nine full service branches, eight of which are located in California, in Downtown Los Angeles, Los Angeles Fashion District, Los Angeles Koreatown, Gardena, Buena Park and Santa Clara. The Company opened a ninth full service branch in Carrollton, Texas in April, 2019. The Company also has five loan production offices in Atlanta, Georgia, Aurora, Colorado, Dallas, Texas and Lynwood and Seattle, Washington . On March 27, 2018, the Company completed its initial public offering of common stock, pursuant to which an aggregate of 2,300,000 shares of its common stock were sold at a public offering price of $11.00 per share, for aggregate net proceeds of approximately $22.6 million, after deducting underwriter discounts and commissions paid by it of approximately $1.7 million and other offering expenses of approximately $925,000.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2. Summary of Significant Accounting Policies Basis of Presentation: The accompanying unaudited consolidated financial statements and notes thereto of the Company have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”) for Form 10-Q and conform to practices within the banking industry and include all of the information and disclosures required by accounting principles generally accepted in the United States of America (“GAAP”) for interim financial reporting. The accompanying unaudited consolidated financial statements reflect all adjustments (consisting only of normal recurring adjustments), which are necessary for a fair presentation of financial results for the interim periods presented. The results of operations for the interim periods are not necessarily indicative of the results for the full year. These interim unaudited financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto as of and for the year ended December 31, 2018, included in the Companys’ Annual Report on Form 10-K for the year ended December 31, 2018. Use of Estimates: To prepare financial statements in conformity with GAAP, management makes estimates and assumptions based on available information. These estimates and assumptions affect the amounts reported in the financial statements and the disclosures provided, and actual results could differ. Concentration of Risk: Most of the Company’s customers are located within Los Angeles County and the surrounding area. The concentration of loans originated in this area may subject the Company to the risk of adverse impacts of economic, regulatory or other developments that could occur in Southern California. The Company has significant concentration in commercial real estate loans. The Company obtains what it believes to be sufficient collateral to secure potential losses. The extent and value of the collateral obtained varies based upon the details underlying each loan agreement. Cash Flows: Cash and cash equivalents include cash, deposits with other financial institutions with original maturities less than 90 days, and federal funds sold. Net cash flows are reported for customer loan and deposit transactions and Federal Home Loan Bank advances transactions. Securities: Securities are classified as held to maturity and carried at amortized cost when management has the positive intent and ability to hold them to maturity. Securities are classified as available for sale when they might be sold before maturity. Securities available for sale are carried at fair value, with unrealized holding gains and losses reported in other comprehensive income, net of tax. Interest income includes amortization of purchase premium or discount. Premiums and discounts on securities are amortized on the level-yield method without anticipating prepayments. Gains and losses on sales are recorded on the trade date and determined using the specific identification method. Management evaluates securities for other-than-temporary impairment (“OTTI”) on at least a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. For securities in an unrealized loss position, management considers the extent and duration of the unrealized loss, and the financial condition and near-term prospects of the issuer. Management also assesses whether it intends to sell, or it is more likely than not that it will be required to sell, a security in an unrealized loss position before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the entire difference between amortized cost and fair value is recognized as impairment through earnings. For debt securities that do not meet the aforementioned criteria, the amount of impairment is split into two components as follows: 1) OTTI related to credit loss, which must be recognized in the income statement, and 2) OTTI related to other factors, which is recognized in other comprehensive income. The credit loss is defined as the difference between the present value of the cash flows expected to be collected and the amortized cost basis. Other investments: Other investments includes the followings : (i) Federal Home Loan Bank (“FHLB”) Stock - the Bank is a member of the FHLB system. Members are required to own a certain amount of stock based on the level of borrowings and other factors, and may invest in additional amounts. FHLB stock is carried at cost, classified as a restricted security, and periodically evaluated for impairment based on ultimate recovery of par value. Both cash and stock dividends are reported as income; (ii) Pacific Coast Bankers Bank (“PCBB”) Stock - the Bank is a member of PCBB. PCBB stock is carried at cost, classified as a restricted security, and periodically evaluated for impairment based on ultimate recovery of par value. Both cash and stock dividends are reported as income; and (iii) the Company’s investment in a mutual fund to satisfy the Company’s requirements under the Community Reinvestment Act (“CRA”). CRA mutual fund is reported at fair value. Unrealized gains and losses are recognized in other income in the Consolidated Statements of Income and Comprehensive Income. Loans Held for Sale: Certain Small Business Administration (“SBA”) loans that may be sold prior to maturity are designated as held for sale at origination and are recorded at the lower of their cost or fair value less costs to sell, determined on an aggregate basis. A valuation allowance is established if the market value of such loans is lower than their cost, and operations are charged or credited for valuation adjustments. Origination fees on loans held for sale, net of certain costs of processing and closing the loans, are deferred until the time of sale and are included in the computation of the gain or loss from the sales of the related loans. A portion of the premium on sale of SBA loans is recognized as gains on sales of loans at the time of the sale. These loans are generally sold with servicing retained. Loans Receivable: Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at the principal balance outstanding, net of deferred loan fees and costs and an allowance for loan losses. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income using the level-yield method without anticipating prepayments. The recorded investment in loans includes accrued interest receivable, deferred loan fees and costs, and unearned income. The accrual of interest income on commercial real estate and other commercial and industrial loans is discontinued at the time the loan is 90 days delinquent unless the loan is well-secured and in process of collection. Consumer loans are typically charged off no later than 120 days past due. Past due status is based on the contractual terms of the loan. In all cases, loans are placed on nonaccrual status or charged-off at an earlier date if collection of principal or interest is considered doubtful. Nonaccrual loans and loans past due 90 days still on accrual include both smaller balance homogeneous loans that are collectively evaluated for impairment and individually classified impaired loans. All interest accrued but not received for loans placed on nonaccrual status is reversed against interest income. Interest received on such loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Allowance for Loan Losses: The allowance for loan losses is a valuation allowance for probable incurred credit losses. Loan losses are charged against the allowance when management believes the uncollectibility of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. Management estimates the allowance balance required using past loan loss experience, the nature and volume of the portfolio, information about specific borrower situations and estimated collateral values, economic conditions, and other factors. Allocations of the allowance may be made for specific loans, but the entire allowance is available for any loan that in management’s judgment should be charged off. The allowance consists of specific and general components. The specific component relates to loans that are individually classified as impaired. A loan is 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. Loans for which the terms have been modified resulting in a concession, and for which the borrower is experiencing financial difficulties, are considered troubled debt restructurings and classified as impaired. Troubled debt restructurings are separately identified for impairment disclosures and are measured at the present value of estimated future cash flows using the loan’s effective rate at inception. If a troubled debt restructuring is considered to be a collateral dependent loan, the loan is reported, net, at the fair value of the collateral. For troubled debt restructurings that subsequently default, the Company determines the amount of reserve in accordance with the accounting policy for the allowance for loan losses. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan-by-loan basis for commercial real estate and construction loans. Large groups of smaller balance homogeneous loans are collectively evaluated for impairment. Income recognition on impaired loans materially conforms to the method the Company uses for income recognition on nonaccrual loans. Allowance for impaired loans is determined based on the present value of the estimated cash flows or on the fair value of the collateral if the loan is collateral dependent, less costs to sell. If the measured fair value is less than the recorded investment in the loan, the deficiency will be charged off against the allowance for loan losses, or alternatively, a specific allocation will be established. For consumer loans, management will generally charge off the balance if the loan is 90 days or more past due. The general component of the allowance covers non-impaired loans and is based on historical loss experience adjusted for current factors. The historical loss experience is determined by portfolio segment and is based on the actual loss history experienced by the Company over the most recent two years. For those portfolio segments that the Company does not have sufficient historical data available to track the loss migration, the loss factors are based on the actual loss history experienced by the Company over the most recent five years. This actual loss experience is supplemented with other economic factors based on the risks present for each portfolio segment. These economic factors include consideration of the following: levels of and trends in delinquencies and impaired loans; levels of and trends in charge-offs and recoveries; trends in volume and terms of loans; effects of any changes in risk selection and underwriting standards; other changes in lending policies, procedures, and practices; experience, ability, and depth of lending management and other relevant staff; national and local economic trends and conditions; industry conditions; and effects of changes in credit concentrations.. The following portfolio segments have been identified in the Company’s loan portfolio, and are also representative of the classes within the portfolio: commercial real estate, SBA loans—real estate, SBA loans—non-real estate, commercial and industrial, home mortgage, and consumer. The Company reviews the credit risk exposure of all its portfolio segments by internally assigned grades. The Company categorizes loans into risk grades based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. For the home mortgage and consumer portfolio segments, the Company’s primary monitoring tool is reviewing past due listings to determine if the loans are performing. The determination of the allowance for loan losses is based on estimates that are particularly susceptible to changes in the economic environment and market conditions. Management believes that as of March 31, 2019 and December 31, 2018 the allowance for loan losses is adequate based on information currently available. If a deterioration in the economy of the Company’s principal market area occurs, the Company’s loan portfolios could be adversely impacted and higher charge-offs and increases in non-performing assets could result. Such an adverse impact could also require a larger allowance for loan losses. Servicing Assets: When SBA loans are sold with servicing retained, servicing assets are initially recorded at fair value with the income statement effect recorded in gains on sales of loans. Fair value is based on a valuation model that calculates the present value of estimated future net servicing income. The valuation model incorporates assumptions that market participants would use in estimating future net servicing income, such as the cost to service, the discount rate, prepayment speeds, and default rates and losses. The Company compares the valuation model inputs and results to published industry data in order to validate the model results and assumptions. Servicing assets are subsequently measured using the amortization method which requires servicing assets to be amortized into noninterest income in proportion to, and over the period of, the estimated future net servicing income of the underlying loans. Servicing assets are evaluated for impairment based upon the fair value of the assets as compared to their carrying amount. Impairment is recognized through a valuation allowance to the extent that fair value is less than the carrying amount. If the Company later determines that all or a portion of the impairment no longer exists, a reduction of the valuation allowance may be recorded as an increase to income. Changes in the valuation allowances are reported with other income on the income statement. The fair values of servicing rights are subject to fluctuations as a result of changes in estimated and actual prepayment speeds, default rates, and losses. Servicing fee income, which is reported on the income statement as other income, is recorded for fees earned for servicing loans. The fees are based on a contractual percentage of the outstanding principal and are recorded as income when earned. The amortization of servicing assets is netted against loan servicing fee income. Late fees and ancillary fees related to loan servicing are not material. Company Owned Life Insurance: The Company has purchased life insurance policies on certain key executives. Company owned life insurance is recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due that are probable at settlement. Transfers of Financial Assets: Transfers of financial assets are accounted for as sales when control over the assets has been relinquished. Control over transferred assets is deemed to be surrendered when the assets have been isolated from the Company, the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity. Premises and Equipment: Premises and equipment are stated at cost, less accumulated depreciation. Equipment and furnishings are depreciated over 3 to 10 years, and leasehold improvements are amortized over the lesser of the terms of the respective leases or the estimated useful lives. The straight-line method of depreciation is used for financial reporting purposes. Repairs and maintenance are charged to operating expenses as incurred. Other Real Estate Owned, Net: Assets acquired through or instead of loan foreclosure are initially recorded at fair value less costs to sell when acquired, establishing a new cost basis. Physical possession of residential real estate property collateralizing a consumer mortgage loan occurs when the legal title is obtained upon completion of foreclosure or when the borrower conveys all interest in the property to satisfy the loan through the completion of a deed in lieu of foreclosure or through a similar legal agreement. These assets are subsequently accounted for at the lower of their cost or fair value less estimated costs to sell. If their fair value declines subsequent to foreclosure, a valuation allowance is recorded through expense. Operating costs after acquisition are expensed. Loan Commitments and Related Financial Instruments: Financial instruments include off-balance sheet credit instruments, such as commitments to make loans and commercial letters of credit, issued to meet customer financing needs. The face amount for these items represents the exposure to loss, before considering customer collateral or ability to repay. Such financial instruments are recorded when they are funded. Stock-Based Compensation: Compensation cost is recognized for stock options and restricted stock awards issued to employees based on the fair value of the awards at the date of grant. A Black-Scholes model is utilized to estimate the fair value of stock options, while the market price of the Company’s common stock at the date of the grant is used for restricted stock awards. Compensation cost is recognized over the required service period, generally defined as the vesting period. For awards with graded vesting, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award. Earnings per Common Share: Basic and diluted earnings per share is based on the two-class method prescribed in ASC Topic 260, Earnings Per Share (ASC 260). Stock options and restricted stock awards are considered outstanding for this calculation unless unearned. Diluted earnings per common share includes the dilutive effect of additional potential common shares issuable under stock-based compensation plans. Earnings and dividends per share are restated for all stock splits and stock dividends through the date of issuance of the financial statements. Income Taxes: Income tax expense is the total of the current year income tax due or refundable and the change in deferred tax assets and liabilities. Deferred tax assets and liabilities are the expected future tax amounts for the temporary differences between carrying amounts and tax bases of assets and liabilities, computed using enacted tax rates. A valuation allowance, if needed, reduces deferred tax assets to the amount expected to be realized. A tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. The Company does not expect the total amount of unrecognized tax benefits to significantly increase or decrease in the next twelve months. The Company recognizes interest and/or penalties related to income tax matters in income tax expense. There were no interest or penalties recognized in the three months ended March 31, 2019 or 2018. Comprehensive Income/(Loss): Comprehensive income/(loss) consists of net income and other comprehensive income. Other comprehensive income includes unrealized gains and losses on securities available for sale, which are also recognized as separate components of shareholders’ equity, net of tax. Loss Contingencies: Loss contingencies, including claims and legal actions arising in the ordinary course of business, are recorded as liabilities when the likelihood of loss is probable and an amount or range of loss can be reasonably estimated. Management does not believe there now are such matters that will have a material effect on the financial statements. Fair Value of Financial Instruments: Fair values of financial instruments are estimated using relevant market information and other assumptions, as more fully disclosed in Note 14—Fair Value of Financial Instruments. Fair value estimates involve uncertainties and matters of significant judgment regarding interest rates, credit risk, prepayments, and other factors, especially in the absence of broad markets for particular items. Changes in assumptions or in market conditions could significantly affect these estimates. Operating Segments: While the chief decision-makers monitor the revenue streams of the various products and services, operations are managed and financial performance is evaluated on a Company-wide basis. Discrete financial information is not available other than on a Company-wide basis. Reclassifications: Some items in the prior period financial statements were reclassified to conform to the current presentation. Reclassification had no effect on prior year net income or shareholders’ equity. Recent Accounting Pronouncements: In June 2016, the FASB issued ASU 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (ASU 2016-13). The objective of ASU 2016-13 is to provide financial statement users with decision-useful information about the expected credit losses on financial instruments and other commitments to extend credit. ASU 2016-13 includes provisions that require financial assets measured at amortized cost (such as loans and held to maturity (HTM) debt securities) to be presented at the net amount expected to be collected. This will be accomplished through recognition of an estimate of all current expected credit losses. The estimate will include forecasted information for the timeframe that an entity is able to develop reasonable and supportable forecasts. This is a change from the current practice of recognizing incurred losses based on the probable initial recognition threshold under current GAAP. In addition, credit losses on available for sale (AFS) debt securities will be recorded through an allowance for credit losses rather than as a write-down. Under ASU 2016-13, an entity will be able to record reversals of credit losses in current period income when the estimate of credit losses declines, whereas current GAAP prohibits reflecting those improvements in current period earnings. ASU 2016-13 is effective for annual periods and interim periods within those annual periods beginning after December 15, 2019, and early adoption is permitted for fiscal years, including interim periods, beginning after December 15, 2018. ASU 2016-13 will be applied through a cumulative effect adjustment to retained earnings (modified-retrospective approach), except for debt securities for which an other-than-temporary impairment had been recognized before the effective date. A prospective transition approach is required for these debt securities. The Company is currently evaluating the effects of ASU 2016-13 on its financial statements and disclosures, including software solutions, data requirements and loss estimation methodologies. The company has engaged a third party advisor to develop a new expected loss model. While the effects cannot yet be quantified, the Company expects ASU 2016-13 to add complexity and costs to its current credit loss evaluation process. In August 2018, the FASB issued ASU 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement”. ASU 2018-13 adds, modifies, and removes disclosure requirements for fair value measurements. ASU 2018-13 is effective annual periods in fiscal years beginning after December 15, 2019, including interim periods within those annual periods. Early adoption is permitted upon the issuance of ASU 2018-13. The Company does not expect this ASU to have a material impact on its financial statements and disclosures. In August 2018, the FASB issued ASU 2018-15, “ The Company does not expect this ASU to have a material impact on its financial statements and disclosures. In February 2016, the FASB issued its new lease accounting guidance in ASU No. 2016-02, Leases (Topic 842) Codification Improvements to Topic 842, Leases Leases (Topic 842): Targeted Improvements In March 2017, the FASB issued ASU 2017-08, Receivables—Nonrefundable Fees and Other Costs (Subtopic 310-20) (ASU 2017-08). ASU 2017-08 amends the amortization period for certain purchased callable debt securities held at a premium. Prior to the issuance of this guidance, premiums were amortized as an adjustment of yield over the contractual life of the instrument. ASU 2017-08 requires premiums on purchased callable debt securities that have explicit, noncontingent call features that are callable at fixed prices to be amortized to the earliest call date. There are no accounting changes for securities held at a discount. This ASU is effective for annual periods and interim periods within those annual periods beginning after December 15, 2018, and early adoption is permitted. ASU 2017-08 will be applied through a cumulative effect adjustment through equity (modified-retrospective approach). The Company did not have callable debt securities held at a premium at December 31, 2018 or March 31, 2019.

Securities

Securities	3 Months Ended
	Mar. 31, 2019
Investments Debt And Equity Securities [Abstract]
Securities	Note 3. Securities The following table summarizes the amortized cost, fair value, and the corresponding amounts of gross unrealized gains and losses for available for sale securities at March 31, 2019 and December 31, 2018: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value As of March 31, 2019: (Dollars in thousands) Available for sale: U.S. Government sponsored agency securities $ 6,995 $ — $ (55 ) $ 6,940 Mortgage-backed securities: residential 13,859 10 (169 ) 13,700 Collateralized mortgage obligations: residential 33,537 233 (294 ) 33,476 Total available for sale $ 54,391 $ 243 $ (518 ) $ 54,116 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value As of December 31, 2018: (Dollars in thousands) Available for sale: U.S. Government sponsored agency securities $ 6,994 $ — $ (88 ) $ 6,906 Mortgage-backed securities: residential 14,465 — (336 ) 14,129 Collateralized mortgage obligations: residential 34,655 156 (510 ) 34,301 Total available for sale $ 56,114 $ 156 $ (934 ) $ 55,336 There were no sales of securities available for sale in the three months ended March 31, 2019 or 2018. The amortized cost and estimated fair value of securities available for sale at March 31, 2019, by contractual maturity, are shown below. Securities without a contractual maturity are shown separately. Amortized Cost Fair Value As of March 31, 2019: (Dollars in thousands) Available for sale: Within one year $ 3,995 $ 3,976 One to five years 3,000 2,964 Mortgage-backed securities: residential 13,859 13,700 Collateralized mortgage obligations 33,537 33,476 Total available for sale $ 54,391 $ 54,116 Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. At March 31, 2019 and December 31, 2018, there were no holdings of securities of any one issuer, other than the U.S. Government and its agencies, in an amount greater than 10% of shareholders’ equity. The following table summarizes securities with unrealized losses at March 31, 2019 and December 31, 2018, aggregated by length of time in a continuous unrealized loss position: Less Than 12 Months 12 Months or Longer Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses As of March 31, 2019: (Dollars in thousands) Available for sale: U.S. Government sponsored agency securities $ — $ — $ 6,940 $ (55 ) $ 6,940 $ (55 ) Mortgage-backed securities: residential — — 10,474 (169 ) 10,474 (169 ) Collateralized mortgage obligations 3,294 (1 ) 14,151 (293 ) 17,445 (294 ) Total available for sale $ 3,294 $ (1 ) $ 31,565 $ (517 ) $ 34,859 $ (518 ) Less Than 12 Months 12 Months or Longer Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses As of December 31, 2018: (Dollars in thousands) Available for sale: U.S. Government sponsored agency securities $ — $ — $ 6,906 $ (88 ) $ 6,906 $ (88 ) Mortgage-backed securities: residential 3,209 (23 ) 10,920 (313 ) 14,129 (336 ) Collateralized mortgage obligations 3,348 (26 ) 14,544 (484 ) 17,892 (510 ) Total available for sale $ 6,557 $ (49 ) $ 32,370 $ (885 ) $ 38,927 $ (934 ) The Company believes that the unrealized losses are temporary, arising mainly from fluctuations in interest rates and do not reflect a deterioration of credit quality of the issuers. In analyzing an issuer’s financial condition, the Company may consider whether the securities are issued by the federal government or its agencies, whether downgrades by bond rating agencies have occurred, and the results of reviews of the issuer’s financial condition. The fair value is expected to recover as the securities approach maturity. Management does not intend to sell and it is likely that management will not be required to sell the securities prior to their anticipated recovery. There were no securities pledged as collateral at March 31, 2019 or December 31, 2018. Other investments at March 31, 2019 and December 31, 2018, consisted of the following: March 31, 2019 December 31, 2018 (Dollars in thousands) FHLB stock $ 4,582 $ 4,582 PCBB stock 190 190 Mutual fund - CRA qualified 2,534 2,488 Total other investments $ 7,306 $ 7,260

Loans

Loans	3 Months Ended
	Mar. 31, 2019
Receivables [Abstract]
Loans	Note 4. Loans The composition of the loan portfolio was as follows at March 31, 2019 and December 31, 2018: March 31, 2019 December 31, 2018 (Dollars in thousands) Real estate: Commercial real estate $ 545,481 $ 503,834 SBA loans—real estate 120,660 117,834 Total real estate 666,141 621,668 SBA loans—non-real estate 9,818 9,541 Commercial and industrial 106,796 113,975 Home mortgage 127,851 127,298 Consumer 2,458 2,577 Gross loans receivable 913,064 875,059 Allowance for loan losses (9,619 ) (9,636 ) Loans receivable, net $ 903,445 $ 865,423 No loans were outstanding to related parties as of March 31, 2019 or December 31, 2018. The activity in the allowance for loan losses for the three months ended March 31, 2019 and 2018 was as follows: SBA Commercial SBA Loans Loans Non- Commercial Home Real Estate Real Estate Real Estate and Industrial Mortgage Consumer Total (Dollars in thousands) Three months ended March 31, 2019: Beginning balance $ 4,805 $ 894 $ 505 $ 1,746 $ 1,653 $ 33 $ 9,636 Provision for loan losses 391 53 (376 ) (73 ) 7 (2 ) — Charge-offs — (17 ) — — — — (17 ) Recoveries — — — — — — — Ending balance $ 5,196 $ 930 $ 129 $ 1,673 $ 1,660 $ 31 $ 9,619 Three months ended March 31, 2018: Beginning balance $ 4,801 $ 1,082 $ 538 $ 1,265 $ 1,408 $ 45 $ 9,139 Provision for loan losses 410 (76 ) (39 ) 315 (32 ) (3 ) 575 Charge-offs — — — — — — — Recoveries — — 2 — — — 2 Ending balance $ 5,211 $ 1,006 $ 501 $ 1,580 $ 1,376 $ 42 $ 9,716 The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment as of March 31, 2019 and December 31, 2018: Loans Individually Evaluated for Impairment Loans Collectively Evaluated for Impairment Total As of March 31, 2019: (Dollars in thousands) Allowance for loan losses: Commercial real estate $ — $ 5,196 $ 5,196 SBA loans—real estate — 930 930 SBA loans—non-real estate — 129 129 Commercial and industrial 834 839 1,673 Home mortgage — 1,660 1,660 Consumer — 31 31 Total $ 834 $ 8,785 $ 9,619 Loans: Commercial real estate $ — $ 547,048 $ 547,048 SBA loans—real estate 510 120,798 121,308 SBA loans—non-real estate 49 9,826 9,875 Commercial and industrial 1,514 105,591 107,105 Home mortgage — 128,381 128,381 Consumer — 2,467 2,467 Total $ 2,073 $ 914,111 $ 916,184 As of December 31, 2018: Allowance for loan losses: Commercial real estate $ — $ 4,805 $ 4,805 SBA loans—real estate — 894 894 SBA loans—non-real estate 362 143 505 Commercial and industrial 836 910 1,746 Home mortgage — 1,653 1,653 Consumer — 33 33 Total $ 1,198 $ 8,438 $ 9,636 Loans: Commercial real estate $ — $ 505,229 $ 505,229 SBA loans—real estate 834 117,159 117,993 SBA loans—non-real estate 57 9,875 9,932 Commercial and industrial 1,516 112,781 114,297 Home mortgage — 127,806 127,806 Consumer — 2,586 2,586 Total $ 2,407 $ 875,436 $ 877,843 The following table presents information related to impaired loans by class of loans as of and for the three months ended March 31, 2019 and 2018. The difference between the unpaid principal balance (net of partial charge-offs) and the recorded investment in the loans is not considered to be material. The difference between interest income recognized and cash basis interest recognized was immaterial. Average Interest Recorded Allowance Recorded Income Investment Allocated Investment Recognized As of and for the three months ended March 31, 2019: (Dollars in thousands) With no related allowance recorded: SBA loans—real estate $ 510 $ — $ 516 $ — SBA loans—non-real estate 49 — 53 — Commercial and industrial 680 — 680 — With an allowance recorded: Commercial and industrial 834 834 835 13 Total $ 2,073 $ 834 $ 2,084 $ 13 As of and for the three months ended March 31, 2018: With no related allowance recorded: Commercial and industrial $ 749 $ — $ 749 $ 10 Home mortgage 241 — 241 — With an allowance recorded: SBA loans—non-real estate 362 362 362 — Commercial and industrial 1,010 553 1,023 14 Total $ 2,362 $ 915 $ 2,375 $ 24 The following table presents the recorded investment in nonaccrual loans and loans past due greater than 90 days still accruing interest by class of loans as of March 31, 2019 and December 31, 2018: Nonaccrual Loans >90 Days Past Due & Still Accruing Total As of March 31, 2019: (Dollars in thousands) SBA loans—real estate $ 510 $ — $ 510 SBA loans—non-real estate $ 49 — 49 Commercial and industrial 680 — 680 Total $ 1,239 $ — $ 1,239 As of December 31, 2018: SBA loans—real estate $ 834 $ — $ 834 SBA loans—non-real estate 57 — 57 Commercial and industrial 680 — 680 Total $ 1,571 $ — $ 1,571 Nonaccrual loans and loans past due 90 days still on accrual include both smaller balance homogeneous loans that are collectively evaluated for impairment and individually classified impaired loans. The following table represents the aging of the recorded investment in past due loans as of March 31, 2019 and December 31, 2018: 30-59 Days Past Due 60-89 Days Past Due > 90 Days Past Due Total Past Due Loans Not Past Due Total As of March 31, 2019: (Dollars in thousands) Commercial real estate $ — $ — $ — $ — $ 547,048 $ 547,048 SBA—real estate 1,013 — — 1,013 120,295 121,308 SBA—non-real estate — — — — 9,875 9,875 Commercial and industrial — — — — 107,105 107,105 Home mortgage 1,060 — — 1,060 127,321 128,381 Consumer — — — — 2,467 2,467 $ 2,073 $ — $ — $ 2,073 $ 914,111 $ 916,184 As of December 31, 2018: Commercial real estate $ — $ — $ — $ — $ 505,229 $ 505,229 SBA—real estate — — 311 311 117,682 117,993 SBA—non-real estate — — — — 9,932 9,932 Commercial and industrial — — 680 680 113,617 114,297 Home mortgage 449 — — 449 127,357 127,806 Consumer — — — — 2,586 2,586 $ 449 $ — $ 991 $ 1,440 $ 876,403 $ 877,843 Troubled Debt Restructurings Modifications made were primarily extensions of existing payment modifications on loans previously identified as troubled debt restructurings. There were no new loans identified as trouble debt restructurings during the three months ended March 31, 2019 or during the year ended December 31, 2018. There were no payment defaults during the three months ended March 31, 2019 or during the year ended December 31, 2018 of loans that had been modified as troubled debt restructurings within the previous twelve months. Credit Quality Indicators 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 Company’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 as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass-rated loans. As of March 31, 2019 and December 31, 2018, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows: Pass Special Mention Substandard Doubtful Total As of March 31, 2019: (Dollars in thousands) Commercial real estate $ 547,048 $ — $ — $ — $ 547,048 SBA loans—real estate 119,027 — 2,281 — 121,308 SBA loans—non-real estate 9,810 16 49 — 9,875 Commercial and industrial 105,199 — 1,906 — 107,105 Home mortgage 128,381 — — — 128,381 Consumer 2,467 — — — 2,467 $ 911,932 $ 16 $ 4,236 $ — $ 916,184 As of December 31, 2018: Commercial real estate $ 505,229 $ — $ — $ — $ 505,229 SBA loans—real estate 115,993 — 2,000 — 117,993 SBA loans—non-real estate 9,859 16 57 — 9,932 Commercial and industrial 112,781 — 1,516 — 114,297 Home mortgage 127,806 — — — 127,806 Consumer 2,586 — — — 2,586 $ 874,254 $ 16 $ 3,573 $ — $ 877,843

Leases

Leases	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Leases	Note 5. Leases On January 1, 2019, the Company adopted ASU No. 2016-02, Leases (Topic 842) , using the optional transition method permitted by ASU No. 2018-11, Leases (Topic 842): Targeted Improvements . See Note 2 “Basis of Presentation” for additional information regarding adoption of ASU No. 2016-02. The Company’s operating leases are real estate leases which are comprised of its headquarters and office facilities from nonaffiliated parties with remaining lease terms ranging from 1 to 10 years as of March 31, 2019. Certain lease arrangements contain extension option which are typically around 5 years. As these extension options are not generally considered reasonably certain of exercise, they are not included in the lease term. At March 31, 2019, operating right-of-use (“ROU”) assets and related liabilities were $7.7 million and $9.6 million, respectively. Short-term operating leases, which are defined as leases with term of twelve months or less, were not recognized as ROU assets with related lease liabilities as permitted under ASU No. 2016-02. The lease payments on short-term operating leases are immaterial. The Company did not have any finance leases at March 31, 2019. Operating lease ROU assets represent the Company’s right to use the underlying asset during the lease term and operating lease liabilities represent the Company’s obligation to make lease payments arising from the lease. ROU assets and operating lease liabilities are recognized at lease commencement based on the present value of the remaining lease payments using the Company’s incremental borrowing rate at the lease commencement date. Operating lease expense, which is comprised of amortization of the ROU asset and the implicit interest accreted on the operating lease liability, is recognized on a straight-line basis over the lease term and is recorded in occupancy expense in the consolidated statements of income. The Company’s occupancy expense also includes variable lease costs which is comprised of the Company's share of actual costs for utilities, common area maintenance, property taxes, and insurance that are not included in lease liabilities and are expensed as incurred. Variable lease costs can also include rent escalations based on changes to indices, such as the Consumer Price Index, where the Company estimates future rent increases and records the actual difference to variable costs. The table below summarized the Company’s total lease cost: Three Months Ended (Dollars in thousands) March 31, 2019 Operating lease cost $ 403 Variable lease cost 161 Total lease cost $ 564 The table below summarizes other information related to the Company’s operating leases: Three Months Ended (Dollars in thousands) March 31, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 608 Weighted average remaining lease term - operating leases 6.1 years Weighted average discount rate - operating leases 2.99 % Rent expense was $564,000 and $522,000 for the three months ended March 31, 2019 and 2018, respectively. The table below summarizes the remaining contractually obligated lease payments and a reconciliation to the lease liability reported on the consolidated balance sheet as of March 31, 2019: (Dollars in thousands) March 31, 2019 2019 remaining $ 1,332 2020 1,770 2021 1,747 2022 1,691 2023 1,457 Thereafter 2,669 Total lease payments 10,666 Discount to present value (1,100 ) Total lease liability $ 9,566 Rent commitments related to the lease of the Company’s main office and branch facilities, before considering renewal options and additional lessor charges as of December 31, 2018, were as follows: (Dollars in thousands) December 31, 2018 2019 $ 1,709 2020 1,757 2021 1,742 2022 1,685 2023 1,455 Thereafter 2,669 Total $ 11,017

Premises and Equipment

Premises and Equipment	3 Months Ended
	Mar. 31, 2019
Property Plant And Equipment [Abstract]
Premises and Equipment	Note 6. Premises and equipment The Company’s premises and equipment consisted of the following at March 31, 2019 and December 31, 2018: March 31, 2019 December 31, 2018 (Dollars in thousands) Leasehold improvements $ 6,058 $ 5,518 Furniture and fixtures 2,893 2,791 Equipment and others 2,187 2,111 Total cost 11,138 10,420 Accumulated depreciation (6,055 ) (5,787 ) Net book value $ 5,083 $ 4,633 Total depreciation expense included in occupancy and equipment expenses was $268,000, and $240,000 for the three months ended March 31, 2019 and 2018,

Servicing Assets

Servicing Assets	3 Months Ended
	Mar. 31, 2019
Servicing Asset [Abstract]
Servicing Assets	Note 7. Servicing Assets Activity for loan servicing assets during the three months ended March 31, 2019 and 2018 is as follows: Three Months Ended March 31, 2019 2018 (Dollars in thousands) Beginning balance $ 6,987 $ 6,771 Additions 462 378 Amortized to expense (403 ) (424 ) Ending balance $ 7,046 $ 6,725 There was no valuation allowance recorded against the carrying value of the servicing assets as of March 31, 2019 or 2018. The fair value of the servicing assets was $8.5 million at March 31, 2019, which was determined using discount rates ranging from 1.75% to 10.38% and prepayment speeds ranging from 12.1% to 12.8%, depending on the stratification of the specific assets. The fair value of the servicing assets was $8.3 million at March 31, 2018, which was determined using discount rates ranging from 4.15% to 10.40% and prepayment speeds ranging from 11.1% to 11.8%, depending on the stratification of the specific assets.

Deposits

Deposits	3 Months Ended
	Mar. 31, 2019
Banking And Thrift [Abstract]
Deposits	Note 8. Deposits Time deposits that exceed the FDIC insurance limit of $250,000 at March 31, 2019 and December 31, 2018 were $188.2 million and $164.3 million, respectively. The scheduled maturities of time deposits were as follows at March 31, 2019: March 31, 2019 (In thousands) 2019 remaining $ 294,545 2020 99,615 2021 520 2022 516 2023 490 Thereafter 13 Total $ 395,699 Deposits from principal officers, directors, and their affiliates at March 31, 2019 and December 31, 2018 were $1.5 million and $778,000, respectively.

Borrowing Arrangements

Borrowing Arrangements	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Borrowing Arrangements	Note 9. Borrowing arrangements As of March 31, 2019, the Company had no The Company had available borrowings from the following institutions as of March 31, 2019: March 31, 2019 (In thousands) Federal Home Loan Bank—San Francisco $ 212,033 Federal Reserve Bank 114,034 Pacific Coast Bankers Bank 8,000 Zions Bank 5,500 Total $ 339,567 The Company has pledged approximately $753.2 million of loans as collateral for these lines of credit as of March 31, 2019.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Note 10. Income Taxes The Company’s income tax expense was $1.5 million and $1.2 million for the three months ended March 31, 2019 and 2018, respectively. The effective income tax rate was 24.3 percent and 26.7 percent for the three months ended March 31, 2019 and 2018, respectively. The Company is subject to U.S. Federal income tax as well as various state taxing jurisdictions. The Company is no longer subject to examination by Federal taxing authorities for tax years prior to 2014 and for state taxing authorities for tax years prior to 2013. There were no significant unrealized tax benefits recorded as of March 31, 2019 and 2018, and the Company does not expect any significant increase in unrealized tax benefits in the next twelve months.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2019
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 11. Commitments and Contingencies Off-Balance-Sheet Credit Risk The Company evaluates the creditworthiness of each customer. Collateral, if deemed necessary by the Company upon the extension of credit, is obtained based on management’s evaluation of the borrower. Collateral for commercial and industrial loans may vary, but may include securities, accounts receivable, inventory, property, plant and equipment, and income producing commercial or other properties. The following table shows the distribution of undisbursed loan commitments as of the dates indicated: March 31, 2019 December 31, 2018 (Dollars in thousands) Commitments to extend credit $ 67,003 $ 60,789 Standby letter of credit 895 1,790 Commercial letter of credit 1,035 1,209 Total undisbursed loan commitments $ 68,933 $ 63,788 The majority of these off-balance sheet commitments have a variable interest rate. Management does not anticipate any material losses as a result of these transactions.

Stock-based Compensation

Stock-based Compensation	3 Months Ended
	Mar. 31, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock-based Compensation	Note 12. Stock-based Compensation The Company has two stock-based compensation plans currently in effect as of March 31, 2019, as described further below. Total compensation cost that has been charged against earnings for these plans was $377,000 and $246,000 in the three months ended March 31, 2019 and 2018, 2005 Plan The options, when granted, vest either immediately or ratably over five years from the date of the grant and expire after ten years if not exercised. There were no stock options granted under the 2005 Plan during the three months ended March 31, 2019 or 2018. A summary of the transactions under the 2005 Plan for the three months ended March 31, 2019 is as follows: Weighted Number of Average Aggregate Options Exercise Intrinsic Outstanding Price Value (Dollars in thousands, except share data) Outstanding, as of January 1, 2019 250,000 $ 4.00 Options granted — — Options exercised (60,000 ) 2.83 Options forfeited — — Options expired — — Outstanding, as of March 31, 2019 190,000 4.37 $ 831 Fully vested and expected to vest 189,500 4.36 $ 831 Vested 188,000 $ 4.33 $ 831 Information related to the 2005 Plan for the periods indicated follows: Three Months Ended March 31, 2019 2018 (Dollars in thousands) Intrinsic value of options exercised $ 387 $ — Cash received from option exercises 107 — Tax benefit realized from option exercised — — There were no shares available for grant under the 2005 Plan as of March 31, 2019. The weighted average remaining contractual term of stock options outstanding under the 2005 Plan at March 31, 2019 was 2.87 years. The weighted average remaining contractual term of stock options that were exercisable at March 31, 2019 was 2.85 years. As of March 31, 2019, the Company had approximately $1,000 of unrecognized compensation costs related to unvested stock options under the 2005 Plan. The Company expects to recognize these costs over a weighted average period of 2 months. 2010 Plan The exercise prices of stock options granted under the plan may not be less than 100 percent of the fair value of the Company’s stock at the date of grant. The options, when granted, vest ratably over five years from the date of the grant and expire after ten years if not exercised. There were no stock options granted under the 2010 Plan during the three months ended March 31, 2019 or 2018. Restricted stock awards issued under the 2010 Plan may or may not be subject to vesting provisions. Awards which were granted in the three months ended March 31, 2019 vest at the end of three years from the date of the grant. No awards were granted in the three months ended March 31, 2019. Owners of the restricted stock awards shall have all of the rights of a shareholder including the right to vote the shares and to all dividends (cash or stock). Compensation expense related to restricted stock awards will be recognized over the vesting period of the awards based on the fair value of the Company’s common stock at the issue date. A summary of stock options outstanding under the 2010 Plan for the three months ended March 31, 2019 is as follows: Weighted Number of Average Aggregate Options Exercise Intrinsic Outstanding Price Value (Dollars in thousands, except share data) Outstanding, as of January 1, 2019 620,000 $ 4.57 Options granted — — Options exercised (65,000 ) 2.85 Options forfeited — — Options expired — — Outstanding, as of March 31, 2019 555,000 4.77 $ 2,206 Fully vested and expected to vest 532,500 4.64 $ 2,190 Vested 465,000 $ 4.15 $ 2,139 Information related to stock options exercised under the 2010 Plan for the periods indicated follows: Three Months Ended March 31, 2019 2018 (Dollars in thousands) Intrinsic value of options exercised $ 396 $ 286 Cash received from option exercises 185 114 Tax benefit realized from option exercised 102 76 The weighted average remaining contractual term of stock options outstanding under the 2010 Plan at March 31, 2019 was 2.78 years. The weighted average remaining contractual term of stock options that were exercisable at March 31, 2019 was 2.35 years. A summary of the changes in the Company’s non-vested restricted stock awards under the 2010 Plan for the three months ended March 31, 2019 is as follows: Shares Issued Weighted Average Grant Date Fair Value Aggregate Intrinsic Value (Dollars in thousands, except share data) Non-vested, as of January 1, 2019 436,000 $ 8.19 Awards granted — — Awards vested — — Awards forfeited — — Non-vested, as of March 31, 2019 436,000 $ 8.19 $ 3,815 Information related to non-vested restricted stock awards under the 2010 Plan for the periods indicated follows: Three Months Ended March 31, 2019 2018 (Dollars in thousands) Tax benefit realized from awards vested $ — $ —

Revenue Recognition

Revenue Recognition	3 Months Ended
	Mar. 31, 2019
Revenue From Contract With Customer [Abstract]
Revenue Recognition	Note 13. Revenue Recognition Accounting Standards Codification ("ASC") 606, Revenue from Contracts with Customers ("ASC 606"), establishes principles for reporting information about the nature, amount, timing and uncertainty of revenue and cash flows arising from the entity's contracts to provide goods or services to customers. The core principle requires an entity to recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration that it expects to be entitled to receive in exchange for those goods or services recognized as performance obligations are satisfied. The majority of the Company’s revenue-generating transactions are not subject to ASC 606, including revenue generated from financial instruments, such as loans, letters of credit, and investment securities, as well as revenue related to mortgage servicing activities and revenue on bank owned life insurance, as these activities are subject to other GAAP discussed elsewhere within the disclosures. Descriptions of the Company’s revenue-generating activities that are within the scope of ASC 606, which are presented in the Company’s income statements as components of noninterest income are as follows: Service charges on deposits Wire transfer fee income: Other revenue streams that are recorded in other income in noninterest income include revenue generated from letters of credit and income on bank owned life insurance. These revenue streams are either not material or out of scope of ASC 606.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2019
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Note 14. Fair Value of Financial Instruments Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair values: Level 1—Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2—Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data. Level 3—Significant unobservable inputs that reflect a company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. The Company used the following methods and significant assumptions to estimate fair value: Securities Available for Sale Other Investment Impaired Loans OREO Appraisals for collateral-dependent impaired loans are performed by certified general appraisers (for commercial properties) or certified residential appraisers (for residential properties) whose qualifications and licenses have been reviewed and verified by the Company. Once received, a member of the credit department reviews the assumptions and approaches utilized in the appraisal as well as the overall resulting fair value in comparison with independent data sources such as recent market data or industry-wide statistics. Assets and liabilities measured at fair value on a recurring basis as of March 31, 2019 and December 31, 2018 are summarized below: Fair Value Measuring Using Quoted Significant Other Significant Prices in Observable Unobservable Total Active Markets Inputs Inputs Fair Value (Level 1) (Level 2) (Level 3) (Dollars in thousands) As of March 31, 2019 : U.S. Government sponsored agency securities $ 6,940 $ — $ 6,940 $ — Mortgage-backed securities - residential 13,700 — 13,700 — Collateralized mortgage obligations 33,476 — 33,476 — Other investments: Mutual fund - CRA qualified 2,534 2,534 — — As of December 31, 2018 : U.S. Government sponsored agency securities $ 6,906 $ — $ 6,906 $ — Mortgage-backed securities - residential 14,129 — 14,129 — Collateralized mortgage obligations 34,301 — 34,301 — Other investments: Mutual fund - CRA qualified 2,488 2,488 — — There were no transfers between Level 1 and Level 2 in the three months ended March 31, 2019 or 2018. There were no other assets or liabilities, except OREO measured at fair value on a non-recurring basis as of March 31, 2019 or December 31, 2018. OREO is reported at fair value. The value was based on third party appraisal, which the Company classifies as a Level 3 nonrecurring fair value measurement. Financial Instruments Carrying Amount Level 1 Level 2 Level 3 Value As of March 31, 2019: (Dollars in thousands) Financial Assets: Cash and cash equivalents $ 65,796 $ 65,796 $ — $ — $ 65,796 Loans held for sale 246 — 264 — 264 Loans receivable, net 903,445 — — 916,455 916,455 Accrued interest receivable 3,368 14 234 3,120 3,368 Financial Liabilities: Deposit $ 929,402 $ — $ 927,423 $ — $ 927,423 Accrued interest payable 2,178 — 2,178 — 2,178 The carrying amounts and estimated fair values of financial instruments not carried at fair value at December 31, 2018 are as follows: Carrying Amount Level 1 Level 2 Level 3 Value As of December 31, 2018: (Dollars in thousands) Financial Assets: Cash and cash equivalents $ 77,726 $ 77,726 $ — $ — $ 77,726 Loans held for sale 752 — 806 — 806 Loans receivable, net 865,423 — — 862,394 862,394 Accrued interest receivable 3,068 44 240 2,784 3,068 Financial Liabilities: Deposit $ 905,176 $ — $ 904,466 $ — $ 904,466 Accrued interest payable 1,715 — 1,715 — 1,715

Regulatory Capital Matters

Regulatory Capital Matters	3 Months Ended
	Mar. 31, 2019
Regulatory Capital Requirements [Abstract]
Regulatory Capital Matters	Note 15. Regulatory Capital Matters Banks and bank holding companies are subject to regulatory capital requirements administered by federal banking agencies. Capital adequacy guidelines and, additionally for banks, prompt corrective action regulations involve quantitative measures of assets, liabilities, and certain off-balance-sheet items calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgments by regulators. Failure to meet capital requirements can initiate regulatory action. Under the Basel III rules, the Bank must hold a capital conservation buffer above the adequately capitalized risk-based capital ratios. The capital conservation buffer was 0.625% in 2016 and increased 0.625% annually until 2019. As of Prompt corrective action regulations provide five classifications: well capitalized, adequately capitalized, undercapitalized, significantly undercapitalized, and critically undercapitalized, although these terms are not used to represent overall financial condition. If adequately capitalized, regulatory approval is required to accept brokered deposits. If undercapitalized, capital distributions are limited, as is asset growth and expansion, and capital restoration plans are required. At March 31, 2019 and December 31, 2018, the most recent regulatory notifications categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. There are no conditions or events since that notification that management believes have changed the institution’s category. Actual and required capital amounts (in thousands) and ratios, exclusive of the capital conservation buffer, are presented below as of March 31, 2019 and December 31, 2018: Required for Minimum Capital Adequacy To be Considered Actual Purposes "Well Capitalized" (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio As of March 31, 2019: Total capital (to risk-weighted assets) Consolidated $ 144,216 16.02 % N/A N/A N/A N/A Bank 140,411 15.60 % 72,009 8.00 % 90,012 10.00 % Tier 1 capital (to risk-weighted assets) Consolidated 134,528 14.94 % N/A N/A N/A N/A Bank 130,723 14.52 % 54,007 6.00 % 72,009 8.00 % Common equity Tier 1 capital (to risk-weighted assets) Consolidated 134,528 14.94 % N/A N/A N/A N/A Bank 130,723 14.52 % 40,505 4.50 % 58,508 6.50 % Tier 1 capital (to average assets) Consolidated 134,528 12.96 % N/A N/A N/A N/A Bank 130,723 12.60 % 41,509 4.00 % 51,886 5.00 % Required for Minimum Capital Adequacy To be Considered Actual Purposes "Well Capitalized" (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio As of December 31, 2018: Total capital (to risk-weighted assets) Consolidated $ 139,593 16.26 % N/A N/A N/A N/A Bank 139,538 16.25 % 68,686 8.00 % 85,857 10.00 % Tier 1 capital (to risk-weighted assets) Consolidated 129,893 15.13 % N/A N/A N/A N/A Bank 129,838 15.12 % 51,514 6.00 % 68,686 8.00 % Common equity Tier 1 capital (to risk-weighted assets) Consolidated 129,893 15.13 % N/A N/A N/A N/A Bank 129,838 15.12 % 38,636 4.50 % 55,807 6.50 % Tier 1 capital (to average assets) Consolidated 129,893 12.88 % N/A N/A N/A N/A Bank 129,838 12.87 % 40,346 4.00 % 50,432 5.00 %

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
Earnings Per Share	Note 16. Earnings per Share The two-class method is used in the calculation of basic and diluted earnings per share. Under the two-class method, earnings available to common shares are allocated between common shares and participating securities. The Company’s restricted stock awards are considered participating securities as the unvested awards have non-forfeitable rights to dividends, paid or unpaid, on unvested awards. The factors used in the earnings per share computation follow: Three Months Ended March 31, (Dollars in thousands, except share data) 2019 2018 Basic Net income $ 4,740 $ 3,216 Undistributed earnings allocated to participating securities (127 ) (106 ) Net income allocated to common shares 4,613 3,110 Weighted average common shares outstanding 15,817,060 13,292,083 Basic earnings per common share $ 0.29 $ 0.23 Diluted Net income allocated to common shares $ 4,613 $ 3,110 Weighted average common shares outstanding for basic earnings per common share 15,817,060 13,292,083 Add: Dilutive effects of assumed exercises of stock options 295,665 534,873 Average shares and dilutive potential common shares 16,112,725 13,826,956 Diluted earnings per common share $ 0.29 $ 0.22 Stock options and restricted stock awards for 145,000 share

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation: The accompanying unaudited consolidated financial statements and notes thereto of the Company have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”) for Form 10-Q and conform to practices within the banking industry and include all of the information and disclosures required by accounting principles generally accepted in the United States of America (“GAAP”) for interim financial reporting. The accompanying unaudited consolidated financial statements reflect all adjustments (consisting only of normal recurring adjustments), which are necessary for a fair presentation of financial results for the interim periods presented. The results of operations for the interim periods are not necessarily indicative of the results for the full year. These interim unaudited financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto as of and for the year ended December 31, 2018, included in the Companys’ Annual Report on Form 10-K for the year ended December 31, 2018.
Use of Estimates	Use of Estimates: To prepare financial statements in conformity with GAAP, management makes estimates and assumptions based on available information. These estimates and assumptions affect the amounts reported in the financial statements and the disclosures provided, and actual results could differ.
Concentration of Risk	Concentration of Risk: Most of the Company’s customers are located within Los Angeles County and the surrounding area. The concentration of loans originated in this area may subject the Company to the risk of adverse impacts of economic, regulatory or other developments that could occur in Southern California. The Company has significant concentration in commercial real estate loans. The Company obtains what it believes to be sufficient collateral to secure potential losses. The extent and value of the collateral obtained varies based upon the details underlying each loan agreement.
Cash Flows	Cash Flows: Cash and cash equivalents include cash, deposits with other financial institutions with original maturities less than 90 days, and federal funds sold. Net cash flows are reported for customer loan and deposit transactions and Federal Home Loan Bank advances transactions.
Securities	Securities: Securities are classified as held to maturity and carried at amortized cost when management has the positive intent and ability to hold them to maturity. Securities are classified as available for sale when they might be sold before maturity. Securities available for sale are carried at fair value, with unrealized holding gains and losses reported in other comprehensive income, net of tax. Interest income includes amortization of purchase premium or discount. Premiums and discounts on securities are amortized on the level-yield method without anticipating prepayments. Gains and losses on sales are recorded on the trade date and determined using the specific identification method. Management evaluates securities for other-than-temporary impairment (“OTTI”) on at least a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. For securities in an unrealized loss position, management considers the extent and duration of the unrealized loss, and the financial condition and near-term prospects of the issuer. Management also assesses whether it intends to sell, or it is more likely than not that it will be required to sell, a security in an unrealized loss position before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the entire difference between amortized cost and fair value is recognized as impairment through earnings. For debt securities that do not meet the aforementioned criteria, the amount of impairment is split into two components as follows: 1) OTTI related to credit loss, which must be recognized in the income statement, and 2) OTTI related to other factors, which is recognized in other comprehensive income. The credit loss is defined as the difference between the present value of the cash flows expected to be collected and the amortized cost basis.
Other investments	Other investments: Other investments includes the followings : (i) Federal Home Loan Bank (“FHLB”) Stock - the Bank is a member of the FHLB system. Members are required to own a certain amount of stock based on the level of borrowings and other factors, and may invest in additional amounts. FHLB stock is carried at cost, classified as a restricted security, and periodically evaluated for impairment based on ultimate recovery of par value. Both cash and stock dividends are reported as income; (ii) Pacific Coast Bankers Bank (“PCBB”) Stock - the Bank is a member of PCBB. PCBB stock is carried at cost, classified as a restricted security, and periodically evaluated for impairment based on ultimate recovery of par value. Both cash and stock dividends are reported as income; and (iii) the Company’s investment in a mutual fund to satisfy the Company’s requirements under the Community Reinvestment Act (“CRA”). CRA mutual fund is reported at fair value. Unrealized gains and losses are recognized in other income in the Consolidated Statements of Income and Comprehensive Income.
Loans Held for Sale	Loans Held for Sale: Certain Small Business Administration (“SBA”) loans that may be sold prior to maturity are designated as held for sale at origination and are recorded at the lower of their cost or fair value less costs to sell, determined on an aggregate basis. A valuation allowance is established if the market value of such loans is lower than their cost, and operations are charged or credited for valuation adjustments. Origination fees on loans held for sale, net of certain costs of processing and closing the loans, are deferred until the time of sale and are included in the computation of the gain or loss from the sales of the related loans. A portion of the premium on sale of SBA loans is recognized as gains on sales of loans at the time of the sale. These loans are generally sold with servicing retained.
Loans Receivable	Loans Receivable: Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at the principal balance outstanding, net of deferred loan fees and costs and an allowance for loan losses. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income using the level-yield method without anticipating prepayments. The recorded investment in loans includes accrued interest receivable, deferred loan fees and costs, and unearned income. The accrual of interest income on commercial real estate and other commercial and industrial loans is discontinued at the time the loan is 90 days delinquent unless the loan is well-secured and in process of collection. Consumer loans are typically charged off no later than 120 days past due. Past due status is based on the contractual terms of the loan. In all cases, loans are placed on nonaccrual status or charged-off at an earlier date if collection of principal or interest is considered doubtful. Nonaccrual loans and loans past due 90 days still on accrual include both smaller balance homogeneous loans that are collectively evaluated for impairment and individually classified impaired loans. All interest accrued but not received for loans placed on nonaccrual status is reversed against interest income. Interest received on such loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured.
Allowance for Loan Losses	Allowance for Loan Losses: The allowance for loan losses is a valuation allowance for probable incurred credit losses. Loan losses are charged against the allowance when management believes the uncollectibility of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. Management estimates the allowance balance required using past loan loss experience, the nature and volume of the portfolio, information about specific borrower situations and estimated collateral values, economic conditions, and other factors. Allocations of the allowance may be made for specific loans, but the entire allowance is available for any loan that in management’s judgment should be charged off. The allowance consists of specific and general components. The specific component relates to loans that are individually classified as impaired. A loan is 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. Loans for which the terms have been modified resulting in a concession, and for which the borrower is experiencing financial difficulties, are considered troubled debt restructurings and classified as impaired. Troubled debt restructurings are separately identified for impairment disclosures and are measured at the present value of estimated future cash flows using the loan’s effective rate at inception. If a troubled debt restructuring is considered to be a collateral dependent loan, the loan is reported, net, at the fair value of the collateral. For troubled debt restructurings that subsequently default, the Company determines the amount of reserve in accordance with the accounting policy for the allowance for loan losses. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan-by-loan basis for commercial real estate and construction loans. Large groups of smaller balance homogeneous loans are collectively evaluated for impairment. Income recognition on impaired loans materially conforms to the method the Company uses for income recognition on nonaccrual loans. Allowance for impaired loans is determined based on the present value of the estimated cash flows or on the fair value of the collateral if the loan is collateral dependent, less costs to sell. If the measured fair value is less than the recorded investment in the loan, the deficiency will be charged off against the allowance for loan losses, or alternatively, a specific allocation will be established. For consumer loans, management will generally charge off the balance if the loan is 90 days or more past due. The general component of the allowance covers non-impaired loans and is based on historical loss experience adjusted for current factors. The historical loss experience is determined by portfolio segment and is based on the actual loss history experienced by the Company over the most recent two years. For those portfolio segments that the Company does not have sufficient historical data available to track the loss migration, the loss factors are based on the actual loss history experienced by the Company over the most recent five years. This actual loss experience is supplemented with other economic factors based on the risks present for each portfolio segment. These economic factors include consideration of the following: levels of and trends in delinquencies and impaired loans; levels of and trends in charge-offs and recoveries; trends in volume and terms of loans; effects of any changes in risk selection and underwriting standards; other changes in lending policies, procedures, and practices; experience, ability, and depth of lending management and other relevant staff; national and local economic trends and conditions; industry conditions; and effects of changes in credit concentrations.. The following portfolio segments have been identified in the Company’s loan portfolio, and are also representative of the classes within the portfolio: commercial real estate, SBA loans—real estate, SBA loans—non-real estate, commercial and industrial, home mortgage, and consumer. The Company reviews the credit risk exposure of all its portfolio segments by internally assigned grades. The Company categorizes loans into risk grades based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. For the home mortgage and consumer portfolio segments, the Company’s primary monitoring tool is reviewing past due listings to determine if the loans are performing. The determination of the allowance for loan losses is based on estimates that are particularly susceptible to changes in the economic environment and market conditions. Management believes that as of March 31, 2019 and December 31, 2018 the allowance for loan losses is adequate based on information currently available. If a deterioration in the economy of the Company’s principal market area occurs, the Company’s loan portfolios could be adversely impacted and higher charge-offs and increases in non-performing assets could result. Such an adverse impact could also require a larger allowance for loan losses.
Servicing Assets	Servicing Assets: When SBA loans are sold with servicing retained, servicing assets are initially recorded at fair value with the income statement effect recorded in gains on sales of loans. Fair value is based on a valuation model that calculates the present value of estimated future net servicing income. The valuation model incorporates assumptions that market participants would use in estimating future net servicing income, such as the cost to service, the discount rate, prepayment speeds, and default rates and losses. The Company compares the valuation model inputs and results to published industry data in order to validate the model results and assumptions. Servicing assets are subsequently measured using the amortization method which requires servicing assets to be amortized into noninterest income in proportion to, and over the period of, the estimated future net servicing income of the underlying loans. Servicing assets are evaluated for impairment based upon the fair value of the assets as compared to their carrying amount. Impairment is recognized through a valuation allowance to the extent that fair value is less than the carrying amount. If the Company later determines that all or a portion of the impairment no longer exists, a reduction of the valuation allowance may be recorded as an increase to income. Changes in the valuation allowances are reported with other income on the income statement. The fair values of servicing rights are subject to fluctuations as a result of changes in estimated and actual prepayment speeds, default rates, and losses. Servicing fee income, which is reported on the income statement as other income, is recorded for fees earned for servicing loans. The fees are based on a contractual percentage of the outstanding principal and are recorded as income when earned. The amortization of servicing assets is netted against loan servicing fee income. Late fees and ancillary fees related to loan servicing are not material.
Company Owned Life Insurance	Company Owned Life Insurance: The Company has purchased life insurance policies on certain key executives. Company owned life insurance is recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due that are probable at settlement.
Transfers of Financial Assets	Transfers of Financial Assets: Transfers of financial assets are accounted for as sales when control over the assets has been relinquished. Control over transferred assets is deemed to be surrendered when the assets have been isolated from the Company, the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity.
Premises and Equipment	Premises and Equipment: Premises and equipment are stated at cost, less accumulated depreciation. Equipment and furnishings are depreciated over 3 to 10 years, and leasehold improvements are amortized over the lesser of the terms of the respective leases or the estimated useful lives. The straight-line method of depreciation is used for financial reporting purposes. Repairs and maintenance are charged to operating expenses as incurred.
Other Real Estate Owned, Net	Other Real Estate Owned, Net: Assets acquired through or instead of loan foreclosure are initially recorded at fair value less costs to sell when acquired, establishing a new cost basis. Physical possession of residential real estate property collateralizing a consumer mortgage loan occurs when the legal title is obtained upon completion of foreclosure or when the borrower conveys all interest in the property to satisfy the loan through the completion of a deed in lieu of foreclosure or through a similar legal agreement. These assets are subsequently accounted for at the lower of their cost or fair value less estimated costs to sell. If their fair value declines subsequent to foreclosure, a valuation allowance is recorded through expense. Operating costs after acquisition are expensed.
Loan Commitments and Related Financial Instruments	Loan Commitments and Related Financial Instruments: Financial instruments include off-balance sheet credit instruments, such as commitments to make loans and commercial letters of credit, issued to meet customer financing needs. The face amount for these items represents the exposure to loss, before considering customer collateral or ability to repay. Such financial instruments are recorded when they are funded.
Stock-Based Compensation	Stock-Based Compensation: Compensation cost is recognized for stock options and restricted stock awards issued to employees based on the fair value of the awards at the date of grant. A Black-Scholes model is utilized to estimate the fair value of stock options, while the market price of the Company’s common stock at the date of the grant is used for restricted stock awards. Compensation cost is recognized over the required service period, generally defined as the vesting period. For awards with graded vesting, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award.
Earnings per Common Share	Earnings per Common Share: Basic and diluted earnings per share is based on the two-class method prescribed in ASC Topic 260, Earnings Per Share (ASC 260). Stock options and restricted stock awards are considered outstanding for this calculation unless unearned. Diluted earnings per common share includes the dilutive effect of additional potential common shares issuable under stock-based compensation plans. Earnings and dividends per share are restated for all stock splits and stock dividends through the date of issuance of the financial statements.
Income Taxes	Income Taxes: Income tax expense is the total of the current year income tax due or refundable and the change in deferred tax assets and liabilities. Deferred tax assets and liabilities are the expected future tax amounts for the temporary differences between carrying amounts and tax bases of assets and liabilities, computed using enacted tax rates. A valuation allowance, if needed, reduces deferred tax assets to the amount expected to be realized. A tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. The Company does not expect the total amount of unrecognized tax benefits to significantly increase or decrease in the next twelve months. The Company recognizes interest and/or penalties related to income tax matters in income tax expense. There were no interest or penalties recognized in the three months ended March 31, 2019 or 2018.
Comprehensive Income/(Loss)	Comprehensive Income/(Loss): Comprehensive income/(loss) consists of net income and other comprehensive income. Other comprehensive income includes unrealized gains and losses on securities available for sale, which are also recognized as separate components of shareholders’ equity, net of tax.
Loss Contingencies	Loss Contingencies: Loss contingencies, including claims and legal actions arising in the ordinary course of business, are recorded as liabilities when the likelihood of loss is probable and an amount or range of loss can be reasonably estimated. Management does not believe there now are such matters that will have a material effect on the financial statements.
Fair Value of Financial Instruments	Fair Value of Financial Instruments: Fair values of financial instruments are estimated using relevant market information and other assumptions, as more fully disclosed in Note 14—Fair Value of Financial Instruments. Fair value estimates involve uncertainties and matters of significant judgment regarding interest rates, credit risk, prepayments, and other factors, especially in the absence of broad markets for particular items. Changes in assumptions or in market conditions could significantly affect these estimates.
Operating Segments	Operating Segments: While the chief decision-makers monitor the revenue streams of the various products and services, operations are managed and financial performance is evaluated on a Company-wide basis. Discrete financial information is not available other than on a Company-wide basis.
Reclassifications	Reclassifications: Some items in the prior period financial statements were reclassified to conform to the current presentation. Reclassification had no effect on prior year net income or shareholders’ equity.
Recent Accounting Pronouncements	Recent Accounting Pronouncements: In June 2016, the FASB issued ASU 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (ASU 2016-13). The objective of ASU 2016-13 is to provide financial statement users with decision-useful information about the expected credit losses on financial instruments and other commitments to extend credit. ASU 2016-13 includes provisions that require financial assets measured at amortized cost (such as loans and held to maturity (HTM) debt securities) to be presented at the net amount expected to be collected. This will be accomplished through recognition of an estimate of all current expected credit losses. The estimate will include forecasted information for the timeframe that an entity is able to develop reasonable and supportable forecasts. This is a change from the current practice of recognizing incurred losses based on the probable initial recognition threshold under current GAAP. In addition, credit losses on available for sale (AFS) debt securities will be recorded through an allowance for credit losses rather than as a write-down. Under ASU 2016-13, an entity will be able to record reversals of credit losses in current period income when the estimate of credit losses declines, whereas current GAAP prohibits reflecting those improvements in current period earnings. ASU 2016-13 is effective for annual periods and interim periods within those annual periods beginning after December 15, 2019, and early adoption is permitted for fiscal years, including interim periods, beginning after December 15, 2018. ASU 2016-13 will be applied through a cumulative effect adjustment to retained earnings (modified-retrospective approach), except for debt securities for which an other-than-temporary impairment had been recognized before the effective date. A prospective transition approach is required for these debt securities. The Company is currently evaluating the effects of ASU 2016-13 on its financial statements and disclosures, including software solutions, data requirements and loss estimation methodologies. The company has engaged a third party advisor to develop a new expected loss model. While the effects cannot yet be quantified, the Company expects ASU 2016-13 to add complexity and costs to its current credit loss evaluation process. In August 2018, the FASB issued ASU 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement”. ASU 2018-13 adds, modifies, and removes disclosure requirements for fair value measurements. ASU 2018-13 is effective annual periods in fiscal years beginning after December 15, 2019, including interim periods within those annual periods. Early adoption is permitted upon the issuance of ASU 2018-13. The Company does not expect this ASU to have a material impact on its financial statements and disclosures. In August 2018, the FASB issued ASU 2018-15, “ The Company does not expect this ASU to have a material impact on its financial statements and disclosures. In February 2016, the FASB issued its new lease accounting guidance in ASU No. 2016-02, Leases (Topic 842) Codification Improvements to Topic 842, Leases Leases (Topic 842): Targeted Improvements In March 2017, the FASB issued ASU 2017-08, Receivables—Nonrefundable Fees and Other Costs (Subtopic 310-20) (ASU 2017-08). ASU 2017-08 amends the amortization period for certain purchased callable debt securities held at a premium. Prior to the issuance of this guidance, premiums were amortized as an adjustment of yield over the contractual life of the instrument. ASU 2017-08 requires premiums on purchased callable debt securities that have explicit, noncontingent call features that are callable at fixed prices to be amortized to the earliest call date. There are no accounting changes for securities held at a discount. This ASU is effective for annual periods and interim periods within those annual periods beginning after December 15, 2018, and early adoption is permitted. ASU 2017-08 will be applied through a cumulative effect adjustment through equity (modified-retrospective approach). The Company did not have callable debt securities held at a premium at December 31, 2018 or March 31, 2019.

Securities (Tables)

Securities (Tables)	3 Months Ended
	Mar. 31, 2019
Investments Debt And Equity Securities [Abstract]
Schedule of Amortized Cost, Fair Value, and the Corresponding Amounts of Gross Unrealized Gains and Losses	The following table summarizes the amortized cost, fair value, and the corresponding amounts of gross unrealized gains and losses for available for sale securities at March 31, 2019 and December 31, 2018: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value As of March 31, 2019: (Dollars in thousands) Available for sale: U.S. Government sponsored agency securities $ 6,995 $ — $ (55 ) $ 6,940 Mortgage-backed securities: residential 13,859 10 (169 ) 13,700 Collateralized mortgage obligations: residential 33,537 233 (294 ) 33,476 Total available for sale $ 54,391 $ 243 $ (518 ) $ 54,116 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value As of December 31, 2018: (Dollars in thousands) Available for sale: U.S. Government sponsored agency securities $ 6,994 $ — $ (88 ) $ 6,906 Mortgage-backed securities: residential 14,465 — (336 ) 14,129 Collateralized mortgage obligations: residential 34,655 156 (510 ) 34,301 Total available for sale $ 56,114 $ 156 $ (934 ) $ 55,336
Schedule of Amortized Cost and Estimated Fair Value of Securities Available for Sale	There were no sales of securities available for sale in the three months ended March 31, 2019 or 2018. The amortized cost and estimated fair value of securities available for sale at March 31, 2019, by contractual maturity, are shown below. Securities without a contractual maturity are shown separately. Amortized Cost Fair Value As of March 31, 2019: (Dollars in thousands) Available for sale: Within one year $ 3,995 $ 3,976 One to five years 3,000 2,964 Mortgage-backed securities: residential 13,859 13,700 Collateralized mortgage obligations 33,537 33,476 Total available for sale $ 54,391 $ 54,116
Schedule of Securities With Unrealized Losses	The following table summarizes securities with unrealized losses at March 31, 2019 and December 31, 2018, aggregated by length of time in a continuous unrealized loss position: Less Than 12 Months 12 Months or Longer Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses As of March 31, 2019: (Dollars in thousands) Available for sale: U.S. Government sponsored agency securities $ — $ — $ 6,940 $ (55 ) $ 6,940 $ (55 ) Mortgage-backed securities: residential — — 10,474 (169 ) 10,474 (169 ) Collateralized mortgage obligations 3,294 (1 ) 14,151 (293 ) 17,445 (294 ) Total available for sale $ 3,294 $ (1 ) $ 31,565 $ (517 ) $ 34,859 $ (518 ) Less Than 12 Months 12 Months or Longer Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses As of December 31, 2018: (Dollars in thousands) Available for sale: U.S. Government sponsored agency securities $ — $ — $ 6,906 $ (88 ) $ 6,906 $ (88 ) Mortgage-backed securities: residential 3,209 (23 ) 10,920 (313 ) 14,129 (336 ) Collateralized mortgage obligations 3,348 (26 ) 14,544 (484 ) 17,892 (510 ) Total available for sale $ 6,557 $ (49 ) $ 32,370 $ (885 ) $ 38,927 $ (934 )
Schedule of Other Investments	Other investments at March 31, 2019 and December 31, 2018, consisted of the following: March 31, 2019 December 31, 2018 (Dollars in thousands) FHLB stock $ 4,582 $ 4,582 PCBB stock 190 190 Mutual fund - CRA qualified 2,534 2,488 Total other investments $ 7,306 $ 7,260

Loans (Tables)

Loans (Tables)	3 Months Ended
	Mar. 31, 2019
Receivables [Abstract]
Composition of Loan Portfolio	The composition of the loan portfolio was as follows at March 31, 2019 and December 31, 2018: March 31, 2019 December 31, 2018 (Dollars in thousands) Real estate: Commercial real estate $ 545,481 $ 503,834 SBA loans—real estate 120,660 117,834 Total real estate 666,141 621,668 SBA loans—non-real estate 9,818 9,541 Commercial and industrial 106,796 113,975 Home mortgage 127,851 127,298 Consumer 2,458 2,577 Gross loans receivable 913,064 875,059 Allowance for loan losses (9,619 ) (9,636 ) Loans receivable, net $ 903,445 $ 865,423
Schedule of Activity in Allowance for Loan Losses	The activity in the allowance for loan losses for the three months ended March 31, 2019 and 2018 was as follows: SBA Commercial SBA Loans Loans Non- Commercial Home Real Estate Real Estate Real Estate and Industrial Mortgage Consumer Total (Dollars in thousands) Three months ended March 31, 2019: Beginning balance $ 4,805 $ 894 $ 505 $ 1,746 $ 1,653 $ 33 $ 9,636 Provision for loan losses 391 53 (376 ) (73 ) 7 (2 ) — Charge-offs — (17 ) — — — — (17 ) Recoveries — — — — — — — Ending balance $ 5,196 $ 930 $ 129 $ 1,673 $ 1,660 $ 31 $ 9,619 Three months ended March 31, 2018: Beginning balance $ 4,801 $ 1,082 $ 538 $ 1,265 $ 1,408 $ 45 $ 9,139 Provision for loan losses 410 (76 ) (39 ) 315 (32 ) (3 ) 575 Charge-offs — — — — — — — Recoveries — — 2 — — — 2 Ending balance $ 5,211 $ 1,006 $ 501 $ 1,580 $ 1,376 $ 42 $ 9,716
Schedule of Allowance for Loan Losses and Recorded Investment in Loans by Portfolio Segment	The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment as of March 31, 2019 and December 31, 2018: Loans Individually Evaluated for Impairment Loans Collectively Evaluated for Impairment Total As of March 31, 2019: (Dollars in thousands) Allowance for loan losses: Commercial real estate $ — $ 5,196 $ 5,196 SBA loans—real estate — 930 930 SBA loans—non-real estate — 129 129 Commercial and industrial 834 839 1,673 Home mortgage — 1,660 1,660 Consumer — 31 31 Total $ 834 $ 8,785 $ 9,619 Loans: Commercial real estate $ — $ 547,048 $ 547,048 SBA loans—real estate 510 120,798 121,308 SBA loans—non-real estate 49 9,826 9,875 Commercial and industrial 1,514 105,591 107,105 Home mortgage — 128,381 128,381 Consumer — 2,467 2,467 Total $ 2,073 $ 914,111 $ 916,184 As of December 31, 2018: Allowance for loan losses: Commercial real estate $ — $ 4,805 $ 4,805 SBA loans—real estate — 894 894 SBA loans—non-real estate 362 143 505 Commercial and industrial 836 910 1,746 Home mortgage — 1,653 1,653 Consumer — 33 33 Total $ 1,198 $ 8,438 $ 9,636 Loans: Commercial real estate $ — $ 505,229 $ 505,229 SBA loans—real estate 834 117,159 117,993 SBA loans—non-real estate 57 9,875 9,932 Commercial and industrial 1,516 112,781 114,297 Home mortgage — 127,806 127,806 Consumer — 2,586 2,586 Total $ 2,407 $ 875,436 $ 877,843
Schedule of Information Related to Impaired Loans by Class of Loans	The following table presents information related to impaired loans by class of loans as of and for the three months ended March 31, 2019 and 2018. The difference between the unpaid principal balance (net of partial charge-offs) and the recorded investment in the loans is not considered to be material. The difference between interest income recognized and cash basis interest recognized was immaterial. Average Interest Recorded Allowance Recorded Income Investment Allocated Investment Recognized As of and for the three months ended March 31, 2019: (Dollars in thousands) With no related allowance recorded: SBA loans—real estate $ 510 $ — $ 516 $ — SBA loans—non-real estate 49 — 53 — Commercial and industrial 680 — 680 — With an allowance recorded: Commercial and industrial 834 834 835 13 Total $ 2,073 $ 834 $ 2,084 $ 13 As of and for the three months ended March 31, 2018: With no related allowance recorded: Commercial and industrial $ 749 $ — $ 749 $ 10 Home mortgage 241 — 241 — With an allowance recorded: SBA loans—non-real estate 362 362 362 — Commercial and industrial 1,010 553 1,023 14 Total $ 2,362 $ 915 $ 2,375 $ 24
Schedule of Recorded Investment in Nonaccrual Loans and Loans Past Due Greater Than 90 Days Still Accruing Interest by Class of Loans	The following table presents the recorded investment in nonaccrual loans and loans past due greater than 90 days still accruing interest by class of loans as of March 31, 2019 and December 31, 2018: Nonaccrual Loans >90 Days Past Due & Still Accruing Total As of March 31, 2019: (Dollars in thousands) SBA loans—real estate $ 510 $ — $ 510 SBA loans—non-real estate $ 49 — 49 Commercial and industrial 680 — 680 Total $ 1,239 $ — $ 1,239 As of December 31, 2018: SBA loans—real estate $ 834 $ — $ 834 SBA loans—non-real estate 57 — 57 Commercial and industrial 680 — 680 Total $ 1,571 $ — $ 1,571
Schedule of Aging of Recorded Investment in Past Due Loans	The following table represents the aging of the recorded investment in past due loans as of March 31, 2019 and December 31, 2018: 30-59 Days Past Due 60-89 Days Past Due > 90 Days Past Due Total Past Due Loans Not Past Due Total As of March 31, 2019: (Dollars in thousands) Commercial real estate $ — $ — $ — $ — $ 547,048 $ 547,048 SBA—real estate 1,013 — — 1,013 120,295 121,308 SBA—non-real estate — — — — 9,875 9,875 Commercial and industrial — — — — 107,105 107,105 Home mortgage 1,060 — — 1,060 127,321 128,381 Consumer — — — — 2,467 2,467 $ 2,073 $ — $ — $ 2,073 $ 914,111 $ 916,184 As of December 31, 2018: Commercial real estate $ — $ — $ — $ — $ 505,229 $ 505,229 SBA—real estate — — 311 311 117,682 117,993 SBA—non-real estate — — — — 9,932 9,932 Commercial and industrial — — 680 680 113,617 114,297 Home mortgage 449 — — 449 127,357 127,806 Consumer — — — — 2,586 2,586 $ 449 $ — $ 991 $ 1,440 $ 876,403 $ 877,843
Schedule of Risk Category of Loans by Class of Loans	As of March 31, 2019 and December 31, 2018, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows: Pass Special Mention Substandard Doubtful Total As of March 31, 2019: (Dollars in thousands) Commercial real estate $ 547,048 $ — $ — $ — $ 547,048 SBA loans—real estate 119,027 — 2,281 — 121,308 SBA loans—non-real estate 9,810 16 49 — 9,875 Commercial and industrial 105,199 — 1,906 — 107,105 Home mortgage 128,381 — — — 128,381 Consumer 2,467 — — — 2,467 $ 911,932 $ 16 $ 4,236 $ — $ 916,184 As of December 31, 2018: Commercial real estate $ 505,229 $ — $ — $ — $ 505,229 SBA loans—real estate 115,993 — 2,000 — 117,993 SBA loans—non-real estate 9,859 16 57 — 9,932 Commercial and industrial 112,781 — 1,516 — 114,297 Home mortgage 127,806 — — — 127,806 Consumer 2,586 — — — 2,586 $ 874,254 $ 16 $ 3,573 $ — $ 877,843

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Summary of Lease, Cost	The table below summarized the Company’s total lease cost: Three Months Ended (Dollars in thousands) March 31, 2019 Operating lease cost $ 403 Variable lease cost 161 Total lease cost $ 564
Summary of Other Information Related to Operating Leases	The table below summarizes other information related to the Company’s operating leases: Three Months Ended (Dollars in thousands) March 31, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 608 Weighted average remaining lease term - operating leases 6.1 years Weighted average discount rate - operating leases 2.99 %
Summary of Remaining Contractually Obligated Lease Payments and Reconciliation to Lease liability	The table below summarizes the remaining contractually obligated lease payments and a reconciliation to the lease liability reported on the consolidated balance sheet as of March 31, 2019: (Dollars in thousands) March 31, 2019 2019 remaining $ 1,332 2020 1,770 2021 1,747 2022 1,691 2023 1,457 Thereafter 2,669 Total lease payments 10,666 Discount to present value (1,100 ) Total lease liability $ 9,566
Summary of Rent Commitments Related to Lease	Rent commitments related to the lease of the Company’s main office and branch facilities, before considering renewal options and additional lessor charges as of December 31, 2018, were as follows: (Dollars in thousands) December 31, 2018 2019 $ 1,709 2020 1,757 2021 1,742 2022 1,685 2023 1,455 Thereafter 2,669 Total $ 11,017

Premises and Equipment (Tables)

Premises and Equipment (Tables)	3 Months Ended
	Mar. 31, 2019
Property Plant And Equipment [Abstract]
Schedule of Premises and Equipment	The Company’s premises and equipment consisted of the following at March 31, 2019 and December 31, 2018: March 31, 2019 December 31, 2018 (Dollars in thousands) Leasehold improvements $ 6,058 $ 5,518 Furniture and fixtures 2,893 2,791 Equipment and others 2,187 2,111 Total cost 11,138 10,420 Accumulated depreciation (6,055 ) (5,787 ) Net book value $ 5,083 $ 4,633

Servicing Assets (Tables)

Servicing Assets (Tables)	3 Months Ended
	Mar. 31, 2019
Servicing Asset [Abstract]
Schedule of Activity for Loan Servicing Assets	Activity for loan servicing assets during the three months ended March 31, 2019 and 2018 is as follows: Three Months Ended March 31, 2019 2018 (Dollars in thousands) Beginning balance $ 6,987 $ 6,771 Additions 462 378 Amortized to expense (403 ) (424 ) Ending balance $ 7,046 $ 6,725

Deposits (Tables)

Deposits (Tables)	3 Months Ended
	Mar. 31, 2019
Banking And Thrift [Abstract]
Schedule of Maturities of Time Deposits	The scheduled maturities of time deposits were as follows at March 31, 2019: March 31, 2019 (In thousands) 2019 remaining $ 294,545 2020 99,615 2021 520 2022 516 2023 490 Thereafter 13 Total $ 395,699

Borrowing Arrangements (Tables)

Borrowing Arrangements (Tables)	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Summary of Borrowings Available to the Company from Institutions	The Company had available borrowings from the following institutions as of March 31, 2019: March 31, 2019 (In thousands) Federal Home Loan Bank—San Francisco $ 212,033 Federal Reserve Bank 114,034 Pacific Coast Bankers Bank 8,000 Zions Bank 5,500 Total $ 339,567

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2019
Commitments And Contingencies Disclosure [Abstract]
Summary of Distribution of Undisbursed Loan Commitments	The following table shows the distribution of undisbursed loan commitments as of the dates indicated: March 31, 2019 December 31, 2018 (Dollars in thousands) Commitments to extend credit $ 67,003 $ 60,789 Standby letter of credit 895 1,790 Commercial letter of credit 1,035 1,209 Total undisbursed loan commitments $ 68,933 $ 63,788

Stock-based Compensation (Table

Stock-based Compensation (Tables)	3 Months Ended
	Mar. 31, 2019
2005 Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Summary of Stock-based Compensation Stock Options Activity	A summary of the transactions under the 2005 Plan for the three months ended March 31, 2019 is as follows: Weighted Number of Average Aggregate Options Exercise Intrinsic Outstanding Price Value (Dollars in thousands, except share data) Outstanding, as of January 1, 2019 250,000 $ 4.00 Options granted — — Options exercised (60,000 ) 2.83 Options forfeited — — Options expired — — Outstanding, as of March 31, 2019 190,000 4.37 $ 831 Fully vested and expected to vest 189,500 4.36 $ 831 Vested 188,000 $ 4.33 $ 831
Summary of Information Related to Stock Option Plan	Information related to the 2005 Plan for the periods indicated follows: Three Months Ended March 31, 2019 2018 (Dollars in thousands) Intrinsic value of options exercised $ 387 $ — Cash received from option exercises 107 — Tax benefit realized from option exercised — —
2010 Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Summary of Stock-based Compensation Stock Options Activity	A summary of stock options outstanding under the 2010 Plan for the three months ended March 31, 2019 is as follows: Weighted Number of Average Aggregate Options Exercise Intrinsic Outstanding Price Value (Dollars in thousands, except share data) Outstanding, as of January 1, 2019 620,000 $ 4.57 Options granted — — Options exercised (65,000 ) 2.85 Options forfeited — — Options expired — — Outstanding, as of March 31, 2019 555,000 4.77 $ 2,206 Fully vested and expected to vest 532,500 4.64 $ 2,190 Vested 465,000 $ 4.15 $ 2,139
Summary of Information Related to Stock Option Plan	Information related to stock options exercised under the 2010 Plan for the periods indicated follows: Three Months Ended March 31, 2019 2018 (Dollars in thousands) Intrinsic value of options exercised $ 396 $ 286 Cash received from option exercises 185 114 Tax benefit realized from option exercised 102 76
Summary of Changes in Non-vested Restricted Stock Awards	A summary of the changes in the Company’s non-vested restricted stock awards under the 2010 Plan for the three months ended March 31, 2019 is as follows: Shares Issued Weighted Average Grant Date Fair Value Aggregate Intrinsic Value (Dollars in thousands, except share data) Non-vested, as of January 1, 2019 436,000 $ 8.19 Awards granted — — Awards vested — — Awards forfeited — — Non-vested, as of March 31, 2019 436,000 $ 8.19 $ 3,815
2010 Plan | Restricted Stock Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Summary of Information Related to Non-vested Restricted Stock Awards	Information related to non-vested restricted stock awards under the 2010 Plan for the periods indicated follows: Three Months Ended March 31, 2019 2018 (Dollars in thousands) Tax benefit realized from awards vested $ — $ —

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2019
Fair Value Disclosures [Abstract]
Summary of Assets and Liabilities Measured at Fair Value on Recurring Basis	Assets and liabilities measured at fair value on a recurring basis as of March 31, 2019 and December 31, 2018 are summarized below: Fair Value Measuring Using Quoted Significant Other Significant Prices in Observable Unobservable Total Active Markets Inputs Inputs Fair Value (Level 1) (Level 2) (Level 3) (Dollars in thousands) As of March 31, 2019 : U.S. Government sponsored agency securities $ 6,940 $ — $ 6,940 $ — Mortgage-backed securities - residential 13,700 — 13,700 — Collateralized mortgage obligations 33,476 — 33,476 — Other investments: Mutual fund - CRA qualified 2,534 2,534 — — As of December 31, 2018 : U.S. Government sponsored agency securities $ 6,906 $ — $ 6,906 $ — Mortgage-backed securities - residential 14,129 — 14,129 — Collateralized mortgage obligations 34,301 — 34,301 — Other investments: Mutual fund - CRA qualified 2,488 2,488 — —
Summary of Carrying Amounts and Estimated Fair Values of Financial Instruments Not Carried at Fair Value	Financial Instruments Carrying Amount Level 1 Level 2 Level 3 Value As of March 31, 2019: (Dollars in thousands) Financial Assets: Cash and cash equivalents $ 65,796 $ 65,796 $ — $ — $ 65,796 Loans held for sale 246 — 264 — 264 Loans receivable, net 903,445 — — 916,455 916,455 Accrued interest receivable 3,368 14 234 3,120 3,368 Financial Liabilities: Deposit $ 929,402 $ — $ 927,423 $ — $ 927,423 Accrued interest payable 2,178 — 2,178 — 2,178 The carrying amounts and estimated fair values of financial instruments not carried at fair value at December 31, 2018 are as follows: Carrying Amount Level 1 Level 2 Level 3 Value As of December 31, 2018: (Dollars in thousands) Financial Assets: Cash and cash equivalents $ 77,726 $ 77,726 $ — $ — $ 77,726 Loans held for sale 752 — 806 — 806 Loans receivable, net 865,423 — — 862,394 862,394 Accrued interest receivable 3,068 44 240 2,784 3,068 Financial Liabilities: Deposit $ 905,176 $ — $ 904,466 $ — $ 904,466 Accrued interest payable 1,715 — 1,715 — 1,715

Regulatory Capital Matters (Tab

Regulatory Capital Matters (Tables)	3 Months Ended
	Mar. 31, 2019
Regulatory Capital Requirements [Abstract]
Summary of Actual and Required Capital Amounts and Ratios, Exclusive of Capital Conservation Buffer	Actual and required capital amounts (in thousands) and ratios, exclusive of the capital conservation buffer, are presented below as of March 31, 2019 and December 31, 2018: Required for Minimum Capital Adequacy To be Considered Actual Purposes "Well Capitalized" (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio As of March 31, 2019: Total capital (to risk-weighted assets) Consolidated $ 144,216 16.02 % N/A N/A N/A N/A Bank 140,411 15.60 % 72,009 8.00 % 90,012 10.00 % Tier 1 capital (to risk-weighted assets) Consolidated 134,528 14.94 % N/A N/A N/A N/A Bank 130,723 14.52 % 54,007 6.00 % 72,009 8.00 % Common equity Tier 1 capital (to risk-weighted assets) Consolidated 134,528 14.94 % N/A N/A N/A N/A Bank 130,723 14.52 % 40,505 4.50 % 58,508 6.50 % Tier 1 capital (to average assets) Consolidated 134,528 12.96 % N/A N/A N/A N/A Bank 130,723 12.60 % 41,509 4.00 % 51,886 5.00 % Required for Minimum Capital Adequacy To be Considered Actual Purposes "Well Capitalized" (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio As of December 31, 2018: Total capital (to risk-weighted assets) Consolidated $ 139,593 16.26 % N/A N/A N/A N/A Bank 139,538 16.25 % 68,686 8.00 % 85,857 10.00 % Tier 1 capital (to risk-weighted assets) Consolidated 129,893 15.13 % N/A N/A N/A N/A Bank 129,838 15.12 % 51,514 6.00 % 68,686 8.00 % Common equity Tier 1 capital (to risk-weighted assets) Consolidated 129,893 15.13 % N/A N/A N/A N/A Bank 129,838 15.12 % 38,636 4.50 % 55,807 6.50 % Tier 1 capital (to average assets) Consolidated 129,893 12.88 % N/A N/A N/A N/A Bank 129,838 12.87 % 40,346 4.00 % 50,432 5.00 %

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings Per Share	The factors used in the earnings per share computation follow: Three Months Ended March 31, (Dollars in thousands, except share data) 2019 2018 Basic Net income $ 4,740 $ 3,216 Undistributed earnings allocated to participating securities (127 ) (106 ) Net income allocated to common shares 4,613 3,110 Weighted average common shares outstanding 15,817,060 13,292,083 Basic earnings per common share $ 0.29 $ 0.23 Diluted Net income allocated to common shares $ 4,613 $ 3,110 Weighted average common shares outstanding for basic earnings per common share 15,817,060 13,292,083 Add: Dilutive effects of assumed exercises of stock options 295,665 534,873 Average shares and dilutive potential common shares 16,112,725 13,826,956 Diluted earnings per common share $ 0.29 $ 0.22

Business Description - Addition

Business Description - Additional Information (Details)	Mar. 27, 2018USD ($)$ / sharesshares	Mar. 31, 2019BranchOffice	Mar. 31, 2018shares
Business Description [Line Items]
Operations commenced date		Jun. 1, 2016
Number of full service branches | Branch		9
Number of loan production offices | Office		5
Common Stock
Business Description [Line Items]
Stock issued under stock offering, net of expenses, shares | shares			2,300,000
Proceeds from issuance initial public offering	$ 22,600,000
Initial Public Offering | Common Stock
Business Description [Line Items]
Stock issued under stock offering, net of expenses, shares | shares	2,300,000
Stock price per shre | $ / shares	$ 11
Payments for underwriting discounts and commissions	$ 1,700,000
Payments of stock offering expenses	$ 925,000
Open Bank
Business Description [Line Items]
Percentage of voting equity interests acquired		100.00%
Operations commenced date		Jun. 10, 2005

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Additional Information (Details) - USD ($)		Jan. 02, 2019	Mar. 31, 2019	Mar. 31, 2018	Jan. 01, 2019
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Interest and/or penalties related to income tax matters			$ 0	$ 0
Operating lease liabilities	[1]		9,566,000
Operating right-of-use assets	[1]		7,738,000
ASU 2016-02
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Operating lease liabilities					$ 9,900,000
Operating right-of-use assets			$ 8,057,000		$ 8,000,000
Cumulative-effect adjustment to retained earnings		$ 0
Equipment and Furnishings | Minimum
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Equipment and furnishings, useful lives			3 years
Equipment and Furnishings | Maximum
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Equipment and furnishings, useful lives			10 years
[1]	The adoption of ASU 2016-02, Leases (Topic 842) in the first quarter of 2019 resulted in the recognition of right-of-use assets and lease liabilities on balance sheet.

Securities - Schedule of Amorti

Securities - Schedule of Amortized Cost, Fair Value, and the Corresponding Amounts of Gross Unrealized Gains and Losses (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	$ 54,391	$ 56,114
Gross Unrealized Gains	243	156
Gross Unrealized Losses	(518)	(934)
Fair Value	54,116	55,336
U.S. Government Sponsored Agency Securities
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	6,995	6,994
Gross Unrealized Losses	(55)	(88)
Fair Value	6,940	6,906
Mortgage-backed Securities, Residential
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	13,859	14,465
Gross Unrealized Gains	10
Gross Unrealized Losses	(169)	(336)
Fair Value	13,700	14,129
Collateralized Mortgage Obligations, Residential
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	33,537	34,655
Gross Unrealized Gains	233	156
Gross Unrealized Losses	(294)	(510)
Fair Value	$ 33,476	$ 34,301

Securities - Additional Informa

Securities - Additional Information (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Schedule Of Available For Sale Securities [Line Items]
Proceeds from sale of available-for-sale securities	$ 0	$ 0
Collateral Pledged
Schedule Of Available For Sale Securities [Line Items]
Number of securities pledged as collateral	$ 0		$ 0
Stockholder's Equity | Credit Concentration Risk | Non-US Government and Agency Securities
Schedule Of Available For Sale Securities [Line Items]
Concentration risk, percentage	10.00%		10.00%

Securities - Schedule of Amor_2

Securities - Schedule of Amortized Cost and Estimated Fair Value of Securities Available for Sale (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Schedule Of Available For Sale Securities [Line Items]
Within one year, Amortized Cost	$ 3,995
One to five years, Amortized Cost	3,000
Available for sale, Amortized Cost	54,391	$ 56,114
Within one year, Fair Value	3,976
One to five years, Fair Value	2,964
Available for sale, Fair Value	54,116	55,336
Mortgage-backed Securities, Residential
Schedule Of Available For Sale Securities [Line Items]
Available for sale, Amortized Cost	13,859	14,465
Available for sale, Fair Value	13,700	$ 14,129
Collateralized Mortgage Obligations
Schedule Of Available For Sale Securities [Line Items]
Available for sale, Amortized Cost	33,537
Available for sale, Fair Value	$ 33,476

Securities - Schedule of Securi

Securities - Schedule of Securities With Unrealized Losses (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Schedule Of Available For Sale Securities [Line Items]
Fair Value, Less Than 12 Months	$ 3,294	$ 6,557
Unrealized Losses, Less Than 12 Months	(1)	(49)
Fair Value, 12 Months or Longer	31,565	32,370
Unrealized Losses, 12 Months or Longer	(517)	(885)
Total Fair Value	34,859	38,927
Total Unrealized Losses	(518)	(934)
U.S. Government Sponsored Agency Securities
Schedule Of Available For Sale Securities [Line Items]
Fair Value, 12 Months or Longer	6,940	6,906
Unrealized Losses, 12 Months or Longer	(55)	(88)
Total Fair Value	6,940	6,906
Total Unrealized Losses	(55)	(88)
Mortgage-backed Securities, Residential
Schedule Of Available For Sale Securities [Line Items]
Fair Value, Less Than 12 Months		3,209
Unrealized Losses, Less Than 12 Months		(23)
Fair Value, 12 Months or Longer	10,474	10,920
Unrealized Losses, 12 Months or Longer	(169)	(313)
Total Fair Value	10,474	14,129
Total Unrealized Losses	(169)	(336)
Collateralized Mortgage Obligations
Schedule Of Available For Sale Securities [Line Items]
Fair Value, Less Than 12 Months	3,294	3,348
Unrealized Losses, Less Than 12 Months	(1)	(26)
Fair Value, 12 Months or Longer	14,151	14,544
Unrealized Losses, 12 Months or Longer	(293)	(484)
Total Fair Value	17,445	17,892
Total Unrealized Losses	$ (294)	$ (510)

Securities - Schedule of Other

Securities - Schedule of Other Investments (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Investments Debt And Equity Securities [Abstract]
FHLB stock	$ 4,582	$ 4,582
PCBB stock	190	190
Mutual fund - CRA qualified	2,534	2,488
Total other investments	$ 7,306	$ 7,260

Loans - Composition of Loan Por

Loans - Composition of Loan Portfolio (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Loans And Leases Receivable Disclosure [Line Items]
Gross loans receivable	$ 913,064	$ 875,059
Allowance for loan losses	(9,619)	(9,636)
Loans receivable, net	903,445	865,423
Real Estate
Loans And Leases Receivable Disclosure [Line Items]
Gross loans receivable	666,141	621,668
Real Estate | Commercial Real Estate
Loans And Leases Receivable Disclosure [Line Items]
Gross loans receivable	545,481	503,834
Real Estate | SBA Loans—Real Estate
Loans And Leases Receivable Disclosure [Line Items]
Gross loans receivable	120,660	117,834
SBA Loans—Non-Real Estate
Loans And Leases Receivable Disclosure [Line Items]
Gross loans receivable	9,818	9,541
Commercial and Industrial
Loans And Leases Receivable Disclosure [Line Items]
Gross loans receivable	106,796	113,975
Home Mortgage
Loans And Leases Receivable Disclosure [Line Items]
Gross loans receivable	127,851	127,298
Consumer
Loans And Leases Receivable Disclosure [Line Items]
Gross loans receivable	$ 2,458	$ 2,577

Loans - Additional Information

Loans - Additional Information (Details)	3 Months Ended	12 Months Ended
	Mar. 31, 2019USD ($)Contract	Dec. 31, 2018USD ($)Contract
Accounts Notes Loans And Financing Receivable Gross Allowance And Net [Abstract]
Loans	$ 0	$ 0
Recorded investment in troubled debt restructurings	341,000	343,000
Specific reserves to customers whose loan terms have been modified in troubled debt restructurings	$ 341,000	$ 343,000
Loans identified as trouble debt restructurings | Contract	0	0
Financing receivable, modifications, subsequent default, recorded investment	$ 0	$ 0

Loans - Schedule of Activity in

Loans - Schedule of Activity in Allowance for Loan Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning balance	$ 9,636	$ 9,139
Provision for loan losses		575
Charge-offs	(17)
Recoveries		2
Ending balance	9,619	9,716
Commercial Real Estate
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning balance	4,805	4,801
Provision for loan losses	391	410
Ending balance	5,196	5,211
SBA Loans-Real Estate
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning balance	894	1,082
Provision for loan losses	53	(76)
Charge-offs	(17)
Ending balance	930	1,006
SBA Loans—Non-Real Estate
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning balance	505	538
Provision for loan losses	(376)	(39)
Recoveries		2
Ending balance	129	501
Commercial and Industrial
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning balance	1,746	1,265
Provision for loan losses	(73)	315
Ending balance	1,673	1,580
Home Mortgage
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning balance	1,653	1,408
Provision for loan losses	7	(32)
Ending balance	1,660	1,376
Consumer
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning balance	33	45
Provision for loan losses	(2)	(3)
Ending balance	$ 31	$ 42

Loans - Schedule of Allowance f

Loans - Schedule of Allowance for Loan Losses and Recorded Investment in Loans by Portfolio Segment (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for loan losses Individually Evaluated for Impairment	$ 834	$ 1,198
Allowance for Loan Collectively Evaluated for Impairment	8,785	8,438
Total	9,619	9,636	$ 9,716	$ 9,139
Loans Individually Evaluated for Impairment	2,073	2,407
Loans Collectively Evaluated for Impairment	914,111	875,436
Total	916,184	877,843
Commercial Real Estate
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for Loan Collectively Evaluated for Impairment	5,196	4,805
Total	5,196	4,805	5,211	4,801
Loans Collectively Evaluated for Impairment	547,048	505,229
Total	547,048	505,229
SBA Loans-Real Estate
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for Loan Collectively Evaluated for Impairment	930	894
Total	930	894	1,006	1,082
Loans Individually Evaluated for Impairment	510	834
Loans Collectively Evaluated for Impairment	120,798	117,159
Total	121,308	117,993
SBA Loans—Non-Real Estate
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for loan losses Individually Evaluated for Impairment		362
Allowance for Loan Collectively Evaluated for Impairment	129	143
Total	129	505	501	538
Loans Individually Evaluated for Impairment	49	57
Loans Collectively Evaluated for Impairment	9,826	9,875
Total	9,875	9,932
Commercial and Industrial
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for loan losses Individually Evaluated for Impairment	834	836
Allowance for Loan Collectively Evaluated for Impairment	839	910
Total	1,673	1,746	1,580	1,265
Loans Individually Evaluated for Impairment	1,514	1,516
Loans Collectively Evaluated for Impairment	105,591	112,781
Total	107,105	114,297
Home Mortgage
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for Loan Collectively Evaluated for Impairment	1,660	1,653
Total	1,660	1,653	1,376	1,408
Loans Collectively Evaluated for Impairment	128,381	127,806
Total	128,381	127,806
Consumer
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for Loan Collectively Evaluated for Impairment	31	33
Total	31	33	$ 42	$ 45
Loans Collectively Evaluated for Impairment	2,467	2,586
Total	$ 2,467	$ 2,586

Loans - Schedule of Information

Loans - Schedule of Information Related to Impaired Loans by Class of Loans (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Financing Receivable Impaired [Line Items]
Recorded investment	$ 2,073	$ 2,362
Allowance Allocated	834	915
Average Recorded Investment	2,084	2,375
Interest Income Recognized	13	24
SBA Loans—Real Estate
Financing Receivable Impaired [Line Items]
Recorded investment, With no related allowance recorded	510
Average Recorded Investment, With no related allowance recorded	516
Commercial And Industrial
Financing Receivable Impaired [Line Items]
Recorded investment, With no related allowance recorded	680	749
Recorded investment, With an allowance recorded	834	1,010
Allowance Allocated	834	553
Average Recorded Investment, With no related allowance recorded	680	749
Average Recorded Investment, With an allowance recorded	835	1,023
Interest Income Recognized, With no related allowance recorded		10
Interest Income Recognized, With an allowance recorded	13	14
SBA Loans-Non-Real Estate
Financing Receivable Impaired [Line Items]
Recorded investment, With no related allowance recorded	49	362
Allowance Allocated		362
Average Recorded Investment, With no related allowance recorded	$ 53
Average Recorded Investment, With an allowance recorded		362
Home Mortgage
Financing Receivable Impaired [Line Items]
Recorded investment, With no related allowance recorded		241
Average Recorded Investment, With no related allowance recorded		$ 241

Loans - Schedule of Recorded In

Loans - Schedule of Recorded Investment in Nonaccrual Loans and Loans Past Due Greater Than 90 Days Still Accruing Interest by Class of Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Financing Receivable Recorded Investment Past Due [Line Items]
Nonaccrual	$ 1,239	$ 1,571
Total	1,239	1,571
SBA Loans—Real Estate
Financing Receivable Recorded Investment Past Due [Line Items]
Nonaccrual	510	834
Total	510	834
SBA Loans-Non-Real Estate
Financing Receivable Recorded Investment Past Due [Line Items]
Nonaccrual	49	57
Total	49	57
Commercial And Industrial
Financing Receivable Recorded Investment Past Due [Line Items]
Nonaccrual	680	680
Total	$ 680	$ 680

Loans - Schedule of Aging of Re

Loans - Schedule of Aging of Recorded Investment in Past Due Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due Loans	$ 2,073	$ 1,440
Loans Not Past Due	914,111	876,403
Total	916,184	877,843
Commercial Real Estate
Financing Receivable Recorded Investment Past Due [Line Items]
Loans Not Past Due	547,048	505,229
Total	547,048	505,229
SBA Loans-Real Estate
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due Loans	1,013	311
Loans Not Past Due	120,295	117,682
Total	121,308	117,993
SBA Loans—Non-Real Estate
Financing Receivable Recorded Investment Past Due [Line Items]
Loans Not Past Due	9,875	9,932
Total	9,875	9,932
Commercial and Industrial
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due Loans		680
Loans Not Past Due	107,105	113,617
Total	107,105	114,297
Home Mortgage
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due Loans	1,060	449
Loans Not Past Due	127,321	127,357
Total	128,381	127,806
Consumer
Financing Receivable Recorded Investment Past Due [Line Items]
Loans Not Past Due	2,467	2,586
Total	2,467	2,586
30-59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due Loans	2,073	449
30-59 Days Past Due | SBA Loans-Real Estate
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due Loans	1,013
30-59 Days Past Due | Home Mortgage
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due Loans	$ 1,060	449
> 90 Days Pass Due
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due Loans		991
> 90 Days Pass Due | SBA Loans-Real Estate
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due Loans		311
> 90 Days Pass Due | Commercial and Industrial
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due Loans		$ 680

Loans - Schedule of Risk Catego

Loans - Schedule of Risk Category of Loans by Class of Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Financing Receivable Recorded Investment [Line Items]
Total	$ 916,184	$ 877,843
Commercial Real Estate
Financing Receivable Recorded Investment [Line Items]
Total	547,048	505,229
SBA Loans-Real Estate
Financing Receivable Recorded Investment [Line Items]
Total	121,308	117,993
SBA Loans—Non-Real Estate
Financing Receivable Recorded Investment [Line Items]
Total	9,875	9,932
Commercial and Industrial
Financing Receivable Recorded Investment [Line Items]
Total	107,105	114,297
Home Mortgage
Financing Receivable Recorded Investment [Line Items]
Total	128,381	127,806
Consumer
Financing Receivable Recorded Investment [Line Items]
Total	2,467	2,586
Pass
Financing Receivable Recorded Investment [Line Items]
Total	911,932	874,254
Pass | Commercial Real Estate
Financing Receivable Recorded Investment [Line Items]
Total	547,048	505,229
Pass | SBA Loans-Real Estate
Financing Receivable Recorded Investment [Line Items]
Total	119,027	115,993
Pass | SBA Loans—Non-Real Estate
Financing Receivable Recorded Investment [Line Items]
Total	9,810	9,859
Pass | Commercial and Industrial
Financing Receivable Recorded Investment [Line Items]
Total	105,199	112,781
Pass | Home Mortgage
Financing Receivable Recorded Investment [Line Items]
Total	128,381	127,806
Pass | Consumer
Financing Receivable Recorded Investment [Line Items]
Total	2,467	2,586
Special Member
Financing Receivable Recorded Investment [Line Items]
Total	16	16
Special Member | SBA Loans—Non-Real Estate
Financing Receivable Recorded Investment [Line Items]
Total	16	16
Substandard
Financing Receivable Recorded Investment [Line Items]
Total	4,236	3,573
Substandard | SBA Loans-Real Estate
Financing Receivable Recorded Investment [Line Items]
Total	2,281	2,000
Substandard | SBA Loans—Non-Real Estate
Financing Receivable Recorded Investment [Line Items]
Total	49	57
Substandard | Commercial and Industrial
Financing Receivable Recorded Investment [Line Items]
Total	$ 1,906	$ 1,516

Leases - Additional Information

Leases - Additional Information (Details) - USD ($)		3 Months Ended
		Mar. 31, 2019	Mar. 31, 2018	Jan. 01, 2019
Lessee Lease Description [Line Items]
Remaining operating lease terms		6 years 1 month 6 days
Operating lease liabilities	[1]	$ 9,566,000
Operating right-of-use assets	[1]	7,738,000
Operating lease rent expense		$ 564,000	$ 522,000
ASU 2016-02
Lessee Lease Description [Line Items]
Lease renewal term		5 years
Operating lease, existence of option to terminate [true false]		true
Operating lease, Option to terminate description		Certain lease arrangements contain extension option which are typically around 5 years.
Operating lease liabilities				$ 9,900,000
Operating right-of-use assets		$ 8,057,000		$ 8,000,000
ASU 2016-02 | Minimum
Lessee Lease Description [Line Items]
Remaining operating lease terms		1 year
ASU 2016-02 | Maximum
Lessee Lease Description [Line Items]
Remaining operating lease terms		10 years
[1]	The adoption of ASU 2016-02, Leases (Topic 842) in the first quarter of 2019 resulted in the recognition of right-of-use assets and lease liabilities on balance sheet.

Leases - Summary of Lease Cost

Leases - Summary of Lease Cost (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)
Leases [Abstract]
Operating lease cost	$ 403
Variable lease cost	161
Total lease cost	$ 564

Leases - Summary of Other Infor

Leases - Summary of Other Information Related to Operating Leases (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 608
Weighted average remaining lease term - operating leases	6 years 1 month 6 days
Weighted average discount rate - operating leases	2.99%

Leases - Summary of Remaining C

Leases - Summary of Remaining Contractually Obligated Lease Payments and Reconciliation to Lease liability (Details) $ in Thousands	Mar. 31, 2019USD ($)
Leases [Abstract]
2019 remaining	$ 1,332
2020	1,770
2021	1,747
2022	1,691
2023	1,457
Thereafter	2,669
Total lease payments	10,666
Discount to present value	(1,100)
Total lease liability	$ 9,566	[1]
[1]	The adoption of ASU 2016-02, Leases (Topic 842) in the first quarter of 2019 resulted in the recognition of right-of-use assets and lease liabilities on balance sheet.

Leases - Summary of Rent Commit

Leases - Summary of Rent Commitments Related to Lease (Details) $ in Thousands	Dec. 31, 2018USD ($)
Leases [Abstract]
2019	$ 1,709
2020	1,757
2021	1,742
2022	1,685
2023	1,455
Thereafter	2,669
Total	$ 11,017

Premises and Equipment - Schedu

Premises and Equipment - Schedule of Premises and Equipment (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Property Plant And Equipment [Line Items]
Total cost	$ 11,138	$ 10,420
Accumulated depreciation	(6,055)	(5,787)
Net book value	5,083	4,633
Leasehold Improvements
Property Plant And Equipment [Line Items]
Total cost	6,058	5,518
Furniture and Fixtures
Property Plant And Equipment [Line Items]
Total cost	2,893	2,791
Equipment and Others
Property Plant And Equipment [Line Items]
Total cost	$ 2,187	$ 2,111

Premises and Equipment - Additi

Premises and Equipment - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Property Plant And Equipment [Abstract]
Depreciation expense	$ 268,000	$ 240,000

Servicing Assets - Schedule of

Servicing Assets - Schedule of Activity for Loan Servicing Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Servicing Asset [Abstract]
Beginning balance	$ 6,987	$ 6,771
Additions	462	378
Amortized to expense	(403)	(424)
Ending balance	$ 7,046	$ 6,725

Servicing Assets - Additional I

Servicing Assets - Additional Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Servicing Assets At Amortized Value [Line Items]
Valuation allowance against carrying value of servicing assets	$ 0	$ 0
Servicing asset at fair value, amount	$ 8,500,000	$ 8,300,000
Minimum
Servicing Assets At Amortized Value [Line Items]
Fair value of servicing assets, discount rates	1.75%	4.15%
Fair value of servicing assets, prepayment speed	12.10%	11.10%
Maximum
Servicing Assets At Amortized Value [Line Items]
Fair value of servicing assets, discount rates	10.38%	10.40%
Fair value of servicing assets, prepayment speed	12.80%	11.80%

Deposits - Additional Informati

Deposits - Additional Information (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Time Deposits [Line Items]
Time deposits greater than $250,000	$ 188,162,000	$ 164,281,000
Principal Officers, Directors, and Affiliates
Time Deposits [Line Items]
Deposits from principal officers, directors, and their affiliates	$ 1,500,000	$ 778,000

Deposits - Schedule of Maturiti

Deposits - Schedule of Maturities of Time Deposits (Details) $ in Thousands	Mar. 31, 2019USD ($)
Deposits [Abstract]
2019 remaining	$ 294,545
2020	99,615
2021	520
2022	516
2023	490
Thereafter	13
Total	$ 395,699

Borrowing Arrangements - Additi

Borrowing Arrangements - Additional Information (Details)	Mar. 31, 2019USD ($)
Debt Disclosure [Abstract]
Federal Home Loan Bank borrowings	$ 0
Line of Credit Facility, Maximum Borrowing Capacity	49,000,000
Collateral pledged	$ 753,200,000

Borrowing Arrangements - Summar

Borrowing Arrangements - Summary of Borrowings Available to the Company from Institutions (Details) $ in Thousands	Mar. 31, 2019USD ($)
Debt Disclosure [Line Items]
Amount of borrowings	$ 339,567
Federal Home Loan Bank—San Francisco
Debt Disclosure [Line Items]
Amount of borrowings	212,033
Federal Reserve Bank
Debt Disclosure [Line Items]
Amount of borrowings	114,034
Pacific Coast Bankers Bank
Debt Disclosure [Line Items]
Amount of borrowings	8,000
Zions Bank
Debt Disclosure [Line Items]
Amount of borrowings	$ 5,500

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Income Tax Disclosure [Abstract]
Income tax expense	$ 1,518,000	$ 1,169,000
Effective income tax rate	24.30%	26.70%
Unrealized tax benefits	$ 0	$ 0

Commitments and Contingencies -

Commitments and Contingencies - Summary of Distribution of Undisbursed Loan Commitments (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Undisbursed loan commitments	$ 68,933	$ 63,788
Standby Letter of Credit
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Undisbursed loan commitments	895	1,790
Commercial Letter of Credit
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Undisbursed loan commitments	1,035	1,209
Commitments to Extend Credit
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Undisbursed loan commitments	$ 67,003	$ 60,789

Stock-based Compensation - Addi

Stock-based Compensation - Additional Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2013	Dec. 31, 2012
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share based compensation expense	$ 377,000	$ 246,000
2005 Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation shares authorized under stock option plans	770,000
Percent of the fair value options granted	100.00%
Stock options granted	0	0
Shares available for grant	0
Weighted average remaining contractual term stock options outstanding	2 years 10 months 13 days
Weighted average remaining contractual life for options exercisable	2 years 10 months 6 days
Unrecognized compensation costs related to unvested stock options	$ 1,000
2005 Plan | Employee Stock Option
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period	5 years
Stock options, when granted, expiration period	10 years
Unrecognized compensation costs weighted average period	2 months
2010 Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation shares authorized under stock option plans			2,500,000	1,350,000
Percent of the fair value options granted	100.00%
Stock options granted	0	0
Weighted average remaining contractual term stock options outstanding	2 years 9 months 10 days
Weighted average remaining contractual life for options exercisable	2 years 4 months 6 days
2010 Plan | Employee Stock Option
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period	5 years
Stock options, when granted, expiration period	10 years
2010 Plan | Restricted Stock Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period	3 years
Restricted stock awards granted	0

Stock-based Compensation - Summ

Stock-based Compensation - Summary of Stock-based Compensation Stock Options Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of options outstanding, Beginning of period	250,000
Number of options outstanding, Exercised	(60,000)
Number of options outstanding, Ending of year	190,000
Number of options outstanding, Full vested and expected to vest	189,500
Number of options outstanding, Vested	188,000
2005 Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock options granted	0	0
Weighted average exercise price, Outstanding beginning	$ 4
Weighted average exercise price, Exercised	2.83
Weighted average exercise price, Outstanding ending	4.37
Weighted average exercise price, Full vested and expected to vest	4.36
Weighted average exercise price, Vested	$ 4.33
Aggregate intrinsic value, Outstanding	$ 831
Aggregate intrinsic value, Fully vested and expected to vest	831
Aggregate intrinsic value, Vested	$ 831
2010 Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of options outstanding, Beginning of period	620,000
Stock options granted	0	0
Number of options outstanding, Exercised	(65,000)
Number of options outstanding, Ending of year	555,000
Number of options outstanding, Full vested and expected to vest	532,500
Number of options outstanding, Vested	465,000
Weighted average exercise price, Outstanding beginning	$ 4.57
Weighted average exercise price, Exercised	2.85
Weighted average exercise price, Outstanding ending	4.77
Weighted average exercise price, Full vested and expected to vest	4.64
Weighted average exercise price, Vested	$ 4.15
Aggregate intrinsic value, Outstanding	$ 2,206
Aggregate intrinsic value, Fully vested and expected to vest	2,190
Aggregate intrinsic value, Vested	$ 2,139

Stock-based Compensation - Su_2

Stock-based Compensation - Summary of Information Related to Stock Option Plan (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Cash received from option exercises	$ 292	$ 114
2005 Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Intrinsic value of options exercised	387
Cash received from option exercises	107
2010 Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Intrinsic value of options exercised	396	286
Cash received from option exercises	185	114
Tax benefit realized from option exercised	$ 102	$ 76

Stock-based Compensation - Su_3

Stock-based Compensation - Summary of Changes in Non-vested Restricted Stock Awards (Details) - 2010 Plan - Restricted Stock Awards - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares issued, Non-vested beginning of period	436,000
Shares issued, Awards granted	0
Shares issued, Non-vested end of period	436,000
Weighted average grant date fair value, Non-vested beginning of period	$ 8.19	$ 8.19
Aggregate intrinsic value, Non-vested end of year	$ 3,815

Revenue Recognition - Additiona

Revenue Recognition - Additional Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Service charges on deposits	$ 448,000	$ 537,000
Noninterest income	3,583,000	2,212,000
Service Fees and Transaction-Based Fees Income
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Service charges on deposits	$ 172,000	$ 193,000
Percentage on revenue	1.20%	1.60%
Overdraft and NSF Fees Income
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Service charges on deposits	$ 276,000	$ 344,000
Percentage on revenue	1.90%	2.90%
Wire Transfer Fee Income
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Percentage on revenue	0.50%	0.70%
Noninterest income	$ 79,000	$ 77,000

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Summary of Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Other investments:
Mutual fund - CRA qualified	$ 2,534	$ 2,488
Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
U.S. Government sponsored agency securities	6,940	6,906
Mortgage-backed securities - residential	13,700	14,129
Collateralized mortgage obligations	33,476	34,301
Other investments:
Mutual fund - CRA qualified	2,534	2,488
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets (Level 1)
Other investments:
Mutual fund - CRA qualified	2,534	2,488
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
U.S. Government sponsored agency securities	6,940	6,906
Mortgage-backed securities - residential	13,700	14,129
Collateralized mortgage obligations	$ 33,476	$ 34,301

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Additional Information (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018
Fair Value Disclosures [Abstract]
Fair value assets transfers between level 1 to level 2	$ 0		$ 0
Fair value liabilities transfers between level 1 to level 2	0		$ 0
Other assets measured at fair value except OREO	0	$ 0
Liabilities measured at fair value except OREO	$ 0	$ 0

Fair Value of Financial Instr_5

Fair Value of Financial Instruments - Carrying Amounts and Estimated Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Financial Assets:
Cash and cash equivalents	$ 65,796	$ 77,726
Loans held for sale	264	806
Loans receivable, net	916,455	862,394
Accrued interest receivable	3,368	3,068
Financial Liabilities:
Deposit	927,423	904,466
Accrued interest payable	2,178	1,715
Carrying Amount
Financial Assets:
Cash and cash equivalents	65,796	77,726
Loans held for sale	246	752
Loans receivable, net	903,445	865,423
Accrued interest receivable	3,368	3,068
Financial Liabilities:
Deposit	929,402	905,176
Accrued interest payable	2,178	1,715
Level 1
Financial Assets:
Cash and cash equivalents	65,796	77,726
Accrued interest receivable	14	44
Level 2
Financial Assets:
Loans held for sale	264	806
Accrued interest receivable	234	240
Financial Liabilities:
Deposit	927,423	904,466
Accrued interest payable	2,178	1,715
Level 3
Financial Assets:
Loans receivable, net	916,455	862,394
Accrued interest receivable	$ 3,120	$ 2,784

Regulatory Capital Matters - Ad

Regulatory Capital Matters - Additional Information (Details)	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2016
Regulatory Capital Requirements [Abstract]
Capital conservation buffer	0.625%	2.50%	0.625%

Regulatory Capital Matters - Su

Regulatory Capital Matters - Summary of Actual and Required Capital Amounts and Ratios, Exclusive of Capital Conservation Buffer (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018	Dec. 31, 2016
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Capital conservation buffer	0.625%	2.50%		0.625%
Consolidated
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Total capital (to risk-weighted assets), Actual Amount		$ 144,216	$ 139,593
Tier 1 capital (to risk-weighted assets), Actual Amount		134,528	129,893
Common equity Tier 1 capital (to risk-weighted assets), Actual Amount		134,528	129,893
Tier 1 capital (to average assets), Actual Amount		$ 134,528	$ 129,893
Total capital (to risk-weighted assets), Actual Ratio		16.02%	16.26%
Tier 1 capital (to risk-weighted assets), Actual Ratio		14.94%	15.13%
Common equity Tier 1 capital (to risk-weighted assets), Actual Ratio		14.94%	15.13%
Tier 1 capital (to average assets), Actual Ratio		12.96%	12.88%
Bank
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Total capital (to risk-weighted assets), Actual Amount		$ 140,411	$ 139,538
Tier 1 capital (to risk-weighted assets), Actual Amount		130,723	129,838
Common equity Tier 1 capital (to risk-weighted assets), Actual Amount		130,723	129,838
Tier 1 capital (to average assets), Actual Amount		$ 130,723	$ 129,838
Total capital (to risk-weighted assets), Actual Ratio		15.60%	16.25%
Tier 1 capital (to risk-weighted assets), Actual Ratio		14.52%	15.12%
Common equity Tier 1 capital (to risk-weighted assets), Actual Ratio		14.52%	15.12%
Tier 1 capital (to average assets), Actual Ratio		12.60%	12.87%
Total capital (to risk-weighted assets), Amount, Required for Capital Adequacy Purposes		$ 72,009	$ 68,686
Tier 1 capital (to risk-weighted assets), Amount, Required for Capital Adequacy Purposes		54,007	51,514
Common equity Tier 1 capital (to risk-weighted assets), Amount, Required for Capital Adequacy Purposes		40,505	38,636
Tier 1 capital (to average assets), Amount, Required for Capital Adequacy Purposes		$ 41,509	$ 40,346
Capital conservation buffer		8.00%	8.00%
Tier 1 capital (to risk-weighted assets), Ratio, Required for Capital Adequacy Purposes		6.00%	6.00%
Common equity Tier 1 capital (to risk-weighted assets), Ratio, Required for Capital Adequacy Purposes		4.50%	4.50%
Tier 1 capital (to average assets), Ratio, Required for Capital Adequacy Purposes		4.00%	4.00%
Total capital (to risk-weighted assets), Amount, Minimum To be Considered "Well Capitalized"		$ 90,012	$ 85,857
Tier 1 capital (to risk-weighted assets), Amount, Minimum To be Considered "Well Capitalized"		72,009	68,686
Common equity Tier 1 capital (to risk-weighted assets), Amount, Minimum To be Considered "Well Capitalized"		58,508	55,807
Tier 1 capital (to average assets), Amount, Minimum To be Considered "Well Capitalized"		$ 51,886	$ 50,432
Total capital (to risk-weighted assets), Ratio, Minimum To be Considered "Well Capitalized"		10.00%	10.00%
Tier 1 capital (to risk-weighted assets), Ratio, Minimum To be Considered "Well Capitalized"		8.00%	8.00%
Common equity Tier 1 capital (to risk-weighted assets), Ratio, Minimum To be Considered "Well Capitalized"		6.50%	6.50%
Tier 1 capital (to average assets), Ratio, Minimum To be Considered "Well Capitalized"		5.00%	5.00%

Earnings Per Share - Computatio

Earnings Per Share - Computation of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Basic
Net income	$ 4,740	$ 3,216
Undistributed earnings allocated to participating securities	(127)	(106)
Net income allocated to common shares	$ 4,613	$ 3,110
Weighted average common shares outstanding	15,817,060	13,292,083
Basic earnings per common share	$ 0.29	$ 0.23
Diluted
Net income allocated to common shares	$ 4,613	$ 3,110
Weighted average common shares outstanding	15,817,060	13,292,083
Add: Dilutive effects of assumed exercises of stock options	295,665	534,873
Average shares and dilutive potential common shares	16,112,725	13,826,956
Diluted earnings per common share	$ 0.29	$ 0.22

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Details) - shares	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive shares of common stock excluded from computation of earnings per share		0
Stock Options and Restricted Stock Awards
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive shares of common stock excluded from computation of earnings per share	145,000