OP Bancorp (OPBK) 10-Q 10 Aug 20 2020 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2020	Aug. 07, 2020
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Trading Symbol	OPBK
Entity Registrant Name	OP BANCORP
Entity Central Index Key	0001722010
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	true
Entity Common Stock, Shares Outstanding		15,184,386
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity File Number	001-38437
Entity Tax Identification Number	81-3114676
Entity Address, Address Line One	1000 Wilshire Blvd.
Entity Address, Address Line Two	Suite 500
Entity Address, City or Town	Los Angeles
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90017
City Area Code	213
Local Phone Number	892-9999
Document Quarterly Report	true
Document Transition Report	false
Entity Incorporation, State or Country Code	CA
Title of 12(b) Security	Common Stock, no par value
Security Exchange Name	NASDAQ
Entity Interactive Data Current	Yes

CONSOLIDATED BALANCE SHEETS (un

CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
ASSETS
Cash and cash equivalents	$ 112,217	$ 86,036
Securities available for sale, at fair value	75,402	56,549
Other investments	9,987	9,176
Loans held for sale	8,795	2,100
Loans receivable, net of allowance of $12,764 at June 30, 2020 and $10,050 at December 31, 2019	1,030,742	980,088
Premises and equipment, net	4,881	5,226
Accrued interest receivable	4,823	3,166
Servicing assets	6,972	7,024
Company owned life insurance (COLI)	10,748	10,618
Deferred tax assets	3,535	3,189
Operating right-of-use assets	7,517	8,254
Other assets	12,392	8,094
Total assets	1,288,011	1,179,520
Deposits:
Noninterest bearing	428,416	294,281
Interest bearing:
Savings	5,868	4,753
Money market and others	293,165	291,865
Time deposits greater than $250,000	210,691	213,345
Other time deposits	182,580	216,467
Total deposits	1,120,720	1,020,711
Federal Home Loan Bank advances	10,000
Accrued interest payable	1,964	2,686
Operating lease liabilities	9,282	10,126
Other liabilities	6,909	5,421
Total liabilities	1,148,875	1,038,944
Shareholders’ equity
Preferred stock – no par value; 10,000,000 shares authorized; no shares issued or outstanding at June 30, 2020 and December 31, 2019
Common stock – no par value; 50,000,000 shares authorized; 15,068,030 and 15,703,276 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively	79,925	86,381
Additional paid-in capital	8,218	7,524
Retained earnings	50,056	46,483
Accumulated other comprehensive income	937	188
Total shareholders’ equity	139,136	140,576
Total liabilities and shareholders' equity	$ 1,288,011	$ 1,179,520

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Statement Of Financial Position [Abstract]
Loans receivable, allowance	$ 12,764	$ 10,050
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	15,068,030	15,703,276
Common stock, shares, outstanding	15,068,030	15,703,276

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Interest income
Interest and fees on loans	$ 12,549,000	$ 14,093,000	$ 26,243,000	$ 27,447,000
Interest on investment securities	281,000	327,000	600,000	687,000
Other interest income	90,000	458,000	422,000	831,000
Total interest income	12,920,000	14,878,000	27,265,000	28,965,000
Interest expense
Interest on deposits	2,272,000	3,701,000	5,501,000	6,989,000
Total interest expense	2,272,000	3,701,000	5,501,000	6,989,000
Net interest income	10,648,000	11,177,000	21,764,000	21,976,000
Provision for loan losses	1,988,000	401,000	2,731,000	401,000
Net interest income after provision for loan losses	8,660,000	10,776,000	19,033,000	21,575,000
Noninterest income
Service charges on deposits	230,000	499,000	598,000	1,026,000
Loan servicing fees, net of amortization	514,000	227,000	906,000	610,000
Gain on sale of loans	936,000	1,588,000	2,091,000	2,665,000
Other income	382,000	333,000	763,000	1,878,000
Total noninterest income	2,062,000	2,647,000	4,358,000	6,179,000
Noninterest expense
Salaries and employee benefits	4,347,000	5,344,000	9,418,000	10,513,000
Occupancy and equipment	1,241,000	1,132,000	2,471,000	2,209,000
Data processing and communication	414,000	367,000	823,000	725,000
Professional fees	276,000	247,000	549,000	451,000
FDIC insurance and regulatory assessments	117,000	105,000	222,000	210,000
Promotion and advertising	163,000	183,000	324,000	360,000
Directors’ fees	223,000	223,000	456,000	452,000
Foundation donation and other contributions	245,000	379,000	575,000	767,000
Other expenses	308,000	378,000	703,000	744,000
Total noninterest expense	7,334,000	8,358,000	15,541,000	16,431,000
Income before income taxes	3,388,000	5,065,000	7,850,000	11,323,000
Income tax expense	972,000	1,229,000	2,135,000	2,747,000
Net income	$ 2,416,000	$ 3,836,000	$ 5,715,000	$ 8,576,000
Earnings per share - Basic	$ 0.16	$ 0.24	$ 0.37	$ 0.53
Earnings per share - Diluted	$ 0.16	$ 0.23	$ 0.37	$ 0.52
Other comprehensive income:
Change in unrealized income(loss) on securities available for sale	$ (231,000)	$ 536,000	$ 1,063,000	$ 1,039,000
Tax effect	68,000	(158,000)	(314,000)	(307,000)
Total other comprehensive income	(163,000)	378,000	749,000	732,000
Comprehensive income	$ 2,253,000	$ 4,214,000	$ 6,464,000	$ 9,308,000

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, 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 income(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
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	8,576
Ending balance at Jun. 30, 2019	135,482	$ 88,455	6,965	39,878	184
Ending balance, shares at Jun. 30, 2019		15,723,007
Beginning balance at Mar. 31, 2019	132,376	$ 89,120	6,626	36,824	(194)
Beginning balance, shares at Mar. 31, 2019		15,719,583
Net income	3,836			3,836
Stock issued under stock-based compensation plans, shares		77,809
Stock-based compensation	339		339
Repurchase of common stock	(665)	$ (665)
Repurchase of common stock, shares		(74,385)
Cash dividends declared	(782)			(782)
Change in unrealized income(loss) on securities available for sale net of reclassifications and tax effects	378				378
Ending balance at Jun. 30, 2019	135,482	$ 88,455	6,965	39,878	184
Ending balance, shares at Jun. 30, 2019		15,723,007
Beginning balance at Dec. 31, 2019	140,576	$ 86,381	7,524	46,483	188
Beginning balance, shares at Dec. 31, 2019		15,703,276
Net income	3,299			3,299
Stock issued under stock-based compensation plans	305	$ 305
Stock issued under stock-based compensation plans, shares		130,046
Stock-based compensation	358		358
Repurchase of common stock	(6,264)	$ (6,264)
Repurchase of common stock, shares		(717,454)
Cash dividends declared	(1,087)			(1,087)
Change in unrealized income(loss) on securities available for sale net of reclassifications and tax effects	912				912
Ending balance at Mar. 31, 2020	138,099	$ 80,422	7,882	48,695	1,100
Ending balance, shares at Mar. 31, 2020		15,115,868
Beginning balance at Dec. 31, 2019	140,576	$ 86,381	7,524	46,483	188
Beginning balance, shares at Dec. 31, 2019		15,703,276
Net income	5,715
Ending balance at Jun. 30, 2020	139,136	$ 79,925	8,218	50,056	937
Ending balance, shares at Jun. 30, 2020		15,068,030
Beginning balance at Mar. 31, 2020	138,099	$ 80,422	7,882	48,695	1,100
Beginning balance, shares at Mar. 31, 2020		15,115,868
Net income	2,416			2,416
Stock issued under stock-based compensation plans, shares		22,189
Stock-based compensation	336		336
Repurchase of common stock	(497)	$ (497)
Repurchase of common stock, shares		(70,027)
Cash dividends declared	(1,055)			(1,055)
Change in unrealized income(loss) on securities available for sale net of reclassifications and tax effects	(163)				(163)
Ending balance at Jun. 30, 2020	$ 139,136	$ 79,925	$ 8,218	$ 50,056	$ 937
Ending balance, shares at Jun. 30, 2020		15,068,030

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash flows from operating activities
Net income	$ 5,715	$ 8,576
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities:
Provision for loan losses	2,731	401
Depreciation and amortization of premises and equipment	654	538
Amortization of net premiums on securities	164	122
Stock-based compensation	694	716
Gain on sales of loans	(2,091)	(2,665)
Earnings on company owned life insurance (COLI)	(130)	(1,376)
Origination of loans held for sale	(40,538)	(41,079)
Proceeds from sales of loans held for sale	35,134	42,251
Amortization of servicing assets	821	991
Net change in fair value of equity investment with readily determinable fair value	(126)	(98)
Net change in:
Accrued interest receivable	(1,657)	(233)
Deferred tax assets	(660)	814
Other assets	(822)	(191)
Accrued interest payable	(722)	572
Other liabilities	(1,284)	(1,352)
Net cash from operating activities	(2,117)	7,987
Cash flows from investing activities
Net change in loans receivable	(53,354)	(72,459)
Proceeds from matured, called, or paid-down securities available for sale	12,573	4,424
Proceeds from COLI		2,288
Purchase of securities available for sale	(30,528)
Purchase of other investments		(776)
Purchase of FHLB stock	(685)
Purchase of premises and equipment, net	(309)	(1,246)
Investment in low income housing partnership	(810)
Net cash from investing activities	(73,113)	(67,769)
Cash flows from financing activities
Net change in deposits	100,009	69,496
Cash received from stock option exercises	305	292
Proceeds from Federal Home Loan Bank advances	10,000
Repurchase of common stock	(6,761)	(3,046)
Cash dividend paid on common stock	(2,142)	(1,575)
Net cash from financing activities	101,411	65,167
Net change in cash and cash equivalents	26,181	5,385
Cash and cash equivalents at beginning of period	86,036	77,726
Cash and cash equivalents at end of period	112,217	83,111
Supplemental cash flow information
Income taxes	3,505	3,040
Interest	6,223	6,417
Supplemental noncash disclosure:
The adoption of ASU 2016-02, leases (Topic 842) recognition right-of-use assets	7,517
New commitments to low income housing partnership investments	$ 3,477
ASU 2016-02
Supplemental noncash disclosure:
The adoption of ASU 2016-02, leases (Topic 842) recognition right-of-use assets		$ 8,959

Business Description

Business Description	6 Months Ended
	Jun. 30, 2020
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 four loan production offices in Atlanta, Georgia, Aurora, Colorado, 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	6 Months Ended
	Jun. 30, 2020
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, including eliminating intercompany transactions and balances. 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, 2019, included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019. 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. The Company could experience a material adverse effect on its business as a result of the impact of the novel coronavirus pandemic (“COVID-19”) and the resulting governmental actions to curtail its spread. It is at least reasonably possible that the estimates based on information which was available at the date of the financial statements will change in the near term due to the COVID-19 pandemic and that the effect of the change would be material to the financial statements, including the allowance for loan losses. The extent to which the COVID-19 pandemic will impact our estimates and assumptions is highly uncertain and we are unable to make an estimate, at this time. 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. There has been no significant or material changes to the Company’s accounting policies during the six months ended June 30, 2020, as compared to the Summary of Significant Accounting Policies as described in “Note 1 of the Notes to Consolidated Financial Statements” in the Company’s audited consolidated financial statements included in its Annual Report on Form 10-K for the year ended December 31, 2019. 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. In July 2019, FASB proposed the effective date delay to January 2020 for SEC filers, excluding smaller reporting companies (“SRCs”) and emerging growth companies (“EGCs”), and January 2023 for all other entities including SRCs and EGCs, and on October 2019, FASB voted to approve the proposed delay. The Company expects the adoption date would be January 2023. 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 March 2020, FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting. This ASU provides optional expedients and exceptions for contracts, hedging relationships, and other transactions that reference LIBOR or other reference rates expected to be discontinued because of reference rate reform. The ASU is effective for all entities as of March 12, 2020 through December 31, 2022. The Company is in the process of evaluating the provisions of this ASU and its effects on our consolidated financial statements. In April 2020, various regulatory agencies, including the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation, (“the agencies”) issued a revised interagency statement encouraging financial institutions to work with customers affected by the COVID-19 pandemic and providing additional information regarding loan modifications. The revised interagency statement clarifies the interaction between the interagency statement issued on March 22, 2020 and the temporary relief provided by Section 4013 of the Coronavirus Aid, Relief, and Economic Security Act (“CARES”). Section 4013 allows financial institutions to suspend the requirements to classify certain loan modifications as troubled debt restructurings (“TDRs”). The revised statement also provides supervisory interpretations on past due and nonaccrual regulatory reporting of loan modification programs and regulatory capital. This interagency guidance is expected to reduce the number of TDRs that will be reported in future periods; however, the amount is indeterminable and will depend on future developments, which are highly uncertain and cannot be predicted, including the scope and duration of the pandemic and actions taken by governmental authorities and other third parties in response to the pandemic.

Securities

Securities	6 Months Ended
	Jun. 30, 2020
Investments Debt And Equity Securities [Abstract]
Securities	Note 3. Securities The following table summarizes the amortized cost, the corresponding amounts of gross unrealized gains and losses, and estimated fair value of securities available for sale as of June 30, 2020 and December 31, 2019: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value As of June 30, 2020: (Dollars in thousands) Available for sale: U.S. Government sponsored agency securities $ 2,000 $ 20 $ — $ 2,020 Mortgage-backed securities: residential 19,911 424 — 20,335 Collateralized mortgage obligations: residential 52,161 907 (21 ) 53,047 Total available for sale $ 74,072 $ 1,351 $ (21 ) $ 75,402 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value As of December 31, 2019: (Dollars in thousands) Available for sale: U.S. Government sponsored agency securities $ 5,000 $ 2 $ (1 ) $ 5,001 Mortgage-backed securities: residential 15,559 94 (12 ) 15,641 Collateralized mortgage obligations: residential 35,723 243 (59 ) 35,907 Total available for sale $ 56,282 $ 339 $ (72 ) $ 56,549 There were no sales of securities available for sale in the three or six months ended June 30, 2020 or 2019. The amortized cost and estimated fair value of securities available for sale at June 30, 2020, by contractual maturity, are shown below. Securities without a contractual maturity are shown separately. Amortized Cost Fair Value As of June 30, 2020: (Dollars in thousands) Available for sale: Within one year $ 2,000 $ 2,020 Mortgage-backed securities: residential 19,911 20,335 Collateralized mortgage obligations 52,161 53,047 Total available for sale $ 74,072 $ 75,402 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 June 30, 2020 and December 31, 2019, 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 as of June 30, 2020 and December 31, 2019, 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 June 30, 2020: (Dollars in thousands) Available for sale: Collateralized mortgage obligations $ 12,136 $ (21 ) $ — $ — $ 12,136 $ (21 ) Total available for sale $ 12,136 $ (21 ) $ — $ — $ 12,136 $ (21 ) 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, 2019: (Dollars in thousands) Available for sale: U.S. Government sponsored agency securities $ — $ — $ 1,999 $ (1 ) $ 1,999 $ (1 ) Mortgage-backed securities: residential — — 3,254 (12 ) 3,254 (12 ) Collateralized mortgage obligations 8,878 (29 ) 3,658 (30 ) 12,536 (59 ) Total available for sale $ 8,878 $ (29 ) $ 8,911 $ (43 ) $ 17,789 $ (72 ) 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. As of June 30, 2020 , management believes no securities with unrealized losses were OTTI. There were no securities pledged as collateral as of June 30, 2020 or December 31, 2019. Other investments as of June 30, 2020 and December 31, 2019, consisted of the following: June 30, 2020 December 31, 2019 (Dollars in thousands) FHLB stock $ 6,043 $ 5,358 PCBB stock 190 190 Mutual fund - CRA qualified 3,754 3,628 Total other investments $ 9,987 $ 9,176

Loans

Loans	6 Months Ended
	Jun. 30, 2020
Receivables [Abstract]
Loans	Note 4. Loans The composition of the loan portfolio was as follows at June 30, 2020 and December 31, 2019: June 30, 2020 December 31, 2019 (Dollars in thousands) Real estate: Commercial real estate $ 637,295 $ 630,668 SBA loans—real estate 121,551 122,373 Total real estate 758,846 753,041 SBA loans—non-real estate 74,054 (1) 9,895 Commercial and industrial 88,375 103,852 Home mortgage 120,597 120,686 Consumer 1,634 2,664 Gross loans receivable 1,043,506 990,138 Allowance for loan losses (12,764 ) (10,050 ) Loans receivable, net $ 1,030,742 $ 980,088 (1) At June 30, 2020, SBA loan - non-real estate loan balance includes SBA PPP loans balance of $63.4 million. No loans were outstanding to related parties as of June 30, 2020 or December 31, 2019. The activity in the allowance for loan losses for the three and six months ended June 30, 2020 and 2019 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 June 30, 2020: Beginning balance $ 6,210 $ 1,082 $ 192 $ 1,292 $ 1,921 $ 51 $ 10,748 Provision for loan losses 935 264 33 628 153 (25 ) 1,988 Charge-offs — — — — — — — Recoveries — — 28 — — — 28 Ending balance $ 7,145 $ 1,346 $ 253 $ 1,920 $ 2,074 $ 26 $ 12,764 Three months ended June 30, 2019: Beginning balance $ 5,196 $ 930 $ 129 $ 1,673 $ 1,660 $ 31 $ 9,619 Provision for loan losses 358 6 (10 ) 86 (51 ) 12 401 Charge-offs — (3 ) — (493 ) — — (496 ) Recoveries — — — — — 1 1 Ending balance $ 5,554 $ 933 $ 119 $ 1,266 $ 1,609 $ 44 $ 9,525 SBA Commercial SBA Loans Loans Non- Commercial Home Real Estate Real Estate Real Estate and Industrial Mortgage Consumer Total (Dollars in thousands) Six months ended June 30, 2020: Beginning balance $ 6,000 $ 939 $ 121 $ 1,289 $ 1,667 $ 34 $ 10,050 Provision for loan losses 1,145 407 149 631 407 (8 ) 2,731 Charge-offs — — (45 ) — — — (45 ) Recoveries — — 28 — — — 28 Ending balance $ 7,145 $ 1,346 $ 253 $ 1,920 $ 2,074 $ 26 $ 12,764 Six months ended June 30, 2019: Beginning balance $ 4,805 $ 894 $ 505 $ 1,746 $ 1,653 $ 33 $ 9,636 Provision for loan losses 749 59 (386 ) 13 (44 ) 10 401 Charge-offs — (20 ) — (493 ) — — (513 ) Recoveries — — — — — 1 1 Ending balance $ 5,554 $ 933 $ 119 $ 1,266 $ 1,609 $ 44 $ 9,525 The following table presents the balance in the allowance for loan losses and the recorded investment in loans (including accrued interest receivable of $4.6 million and $2.9 million as of June 30, 2020 and December 31, 2019, respectively) by portfolio segment as of June 30, 2020 and December 31, 2019: Loans Individually Evaluated for Impairment Loans Collectively Evaluated for Impairment Total As of June 30, 2020: (Dollars in thousands) Allowance for loan losses: Commercial real estate $ — $ 7,145 $ 7,145 SBA loans—real estate — 1,346 1,346 SBA loans—non-real estate 59 194 253 Commercial and industrial 330 1,590 1,920 Home mortgage — 2,074 2,074 Consumer — 26 26 Total $ 389 $ 12,375 $ 12,764 Loans: Commercial real estate $ — $ 640,313 $ 640,313 SBA loans—real estate — 122,114 122,114 SBA loans—non-real estate 124 74,095 74,219 Commercial and industrial 330 88,333 88,663 Home mortgage — 121,136 121,136 Consumer — 1,638 1,638 Total $ 454 $ 1,047,629 $ 1,048,083 As of December 31, 2019: Allowance for loan losses: Commercial real estate $ — $ 6,000 $ 6,000 SBA loans—real estate — 939 939 SBA loans—non-real estate — 121 121 Commercial and industrial 333 956 1,289 Home mortgage — 1,667 1,667 Consumer — 34 34 Total $ 333 $ 9,717 $ 10,050 Loans: Commercial real estate $ — $ 632,205 $ 632,205 SBA loans—real estate 484 122,438 122,922 SBA loans—non-real estate 33 9,921 9,954 Commercial and industrial 333 103,774 104,107 Home mortgage — 121,161 121,161 Consumer — 2,671 2,671 Total $ 850 $ 992,170 $ 993,020 The following table presents information related to impaired loans by class of loans as of and for the three and six m onths ended June 30 , 2020 and 201 9 . 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 June 30, 2020: (Dollars in thousands) With an allowance recorded: SBA loans—non-real estate $ 124 $ 59 $ 125 $ 2 Commercial and industrial 330 330 330 3 Total $ 454 $ 389 $ 455 $ 5 As of and for the three months ended June 30, 2019: With no related allowance recorded: SBA loans—real estate $ 497 $ — $ 504 $ — SBA loans—non-real estate 41 — 45 — With an allowance recorded: Commercial and industrial 1,511 358 1,512 14 Total $ 2,049 $ 358 $ 2,061 $ 14 Average Interest Recorded Allowance Recorded Income Investment Allocated Investment Recognized As of and for the six months ended June 30, 2020: (Dollars in thousands) With an allowance recorded: SBA loans—non-real estate $ 124 $ 59 $ 125 $ 4 Commercial and industrial 330 330 331 7 Total $ 454 $ 389 $ 456 $ 11 As of and for the six months ended June 30, 2019: With no related allowance recorded: SBA loans—real estate $ 497 $ — $ 510 $ — SBA loans—non-real estate 41 — 49 — With an allowance recorded: Commercial and industrial 1,511 358 1,513 28 Total $ 2,049 $ 358 $ 2,072 $ 28 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 June 30, 2020 and December 31, 2019: Nonaccrual Loans >90 Days Past Due & Still Accruing Total As of June 30, 2020: (Dollars in thousands) Home mortgage $ 689 $ — $ 689 Total $ 689 $ — $ 689 As of December 31, 2019: SBA loans—real estate $ 484 $ — $ 484 SBA loans—non-real estate 33 — 33 Home mortgage 698 — 698 Total $ 1,215 $ — $ 1,215 Nonaccrual loans and loans past due greater than 90 days still accruing interest 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 June 30, 2020 and December 31, 2019: 30-59 Days Past Due 60-89 Days Past Due > 90 Days Past Due Total Past Due Loans Not Past Due Total As of June 30, 2020: (Dollars in thousands) Commercial real estate $ — $ — $ — $ — $ 640,313 $ 640,313 SBA—real estate 565 — — 565 121,549 122,114 SBA—non-real estate — — — — 74,219 74,219 Commercial and industrial — — — — 88,663 88,663 Home mortgage — — 454 454 120,682 121,136 Consumer — — — — 1,638 1,638 $ 565 $ — $ 454 $ 1,019 $ 1,047,064 $ 1,048,083 As of December 31, 2019: Commercial real estate $ — $ — $ — $ — $ 632,205 $ 632,205 SBA—real estate 1,552 — 484 2,036 120,886 122,922 SBA—non-real estate 3 126 33 162 9,792 9,954 Commercial and industrial 364 — — 364 103,743 104,107 Home mortgage 1,980 — 454 2,434 118,727 121,161 Consumer — — — — 2,671 2,671 $ 3,899 $ 126 $ 971 $ 4,996 $ 988,024 $ 993,020 Troubled Debt Restructurings Modifications made were primarily extensions of existing payment modifications on loans previously identified as TDRs. There were no new loans identified as trouble debt restructurings during the three and six months ended June 30, 2020 or 2019. There were no payment defaults during the three and six months ended June 30, 2020 or 2019 of loans that had been modified as TDRs within the previous twelve months. Loan payment deferrals As of August 3, 2020, 74 loans for an aggregate balance of $84.0 million, including 36 home mortgage loans for an aggregate balance of $16.3 million have resumed regular payments. PPP loans The Paycheck Protection Program and Health Care Enhancement Act (“PPP / HCEA Act”), which was signed into law on April 24, 2020, authorized $310 billion of additional funding under the CARES Act for PPP loans to be issued by financial institutions through the SBA. As of June 30, 2020, the Company originated 924 loans for an aggregate loan balance of $64.9 million under the CARES Act and PPP / HCEA Act. The PPP loans are included in the SBA—non-real estate in the Company’s loan portfolio. Credit Quality Indicators : The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. For consumer loans, a credit grade is established at inception, and generally only adjusted based on performance. The Company analyzes loans individually by classifying the loans according to their credit risk. This analysis is performed on a quarterly basis. The Company uses the following definitions for risk ratings: 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 June 30, 2020 and December 31, 2019, 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 June 30, 2020: (Dollars in thousands) Commercial real estate $ 640,313 $ — $ — $ — $ 640,313 SBA loans—real estate 120,567 761 786 — 122,114 SBA loans—non-real estate 74,082 13 124 — 74,219 Commercial and industrial 83,572 3,880 1,211 — 88,663 Home mortgage 120,447 — 689 — 121,136 Consumer 1,638 — — — 1,638 $ 1,040,619 $ 4,654 $ 2,810 $ — $ 1,048,083 As of December 31, 2019: Commercial real estate $ 632,205 $ — $ — $ — $ 632,205 SBA loans—real estate 120,116 770 2,036 — 122,922 SBA loans—non-real estate 9,781 140 33 — 9,954 Commercial and industrial 98,509 4,901 697 — 104,107 Home mortgage 120,463 — 698 — 121,161 Consumer 2,671 — — — 2,671 $ 983,745 $ 5,811 $ 3,464 (1) $ — $ 993,020 (1) Substandard loans include unsold SBA guaranteed portion. The Company did not have unsold guaranteed portion as of June 30, 2020. Substandard loans, net of unsold guaranteed are $3.1 million as of December 31, 2019.

Leases

Leases	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Leases	Note 5. Leases 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 one to nine years as of June 30, 2020 . Certain lease arrangements contain extension option which are typically around five years. As these extension options are not generally considered reasonably certain of exercise, they are not included in the lease term. At June 30, 2020 , operating right-of-use (“ROU”) assets and related liabilities were $7.5 million and $9.3 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 June 30, 2020 . 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 the 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 June 30, Six Months Ended June 30, (Dollars in thousands) 2020 2019 2020 2019 Operating lease cost $ 444 $ 440 $ 888 $ 843 Variable lease cost 194 176 378 337 Total lease cost $ 638 $ 616 $ 1,266 $ 1,180 The table below summarizes supplemental information related to the Company’s operating leases: (Dollars in thousands) June 30, 2020 December 31, 2019 Operating right-of-use assets $ 7,517 $ 8,254 Operating lease liabilities 9,282 10,126 Weighted average remaining lease term - operating leases 5.1 5.7 Weighted average discount rate - operating leases 2.98 % 2.98 % Three Months Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2020 2019 2020 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 495 $ 479 $ 995 $ 915 Rent expense was $628,000 and $616,000 for the three months ended June 30, 2020 and 2019, and $1.3 million and $1.2 million for the six months ended June 30, 2020 and 2019, 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 June 30, 2020 and December 31, 2019: (Dollars in thousands) June 30, 2020 2020 remaining $ 1,013 2021 2,039 2022 2,028 2023 1,816 2024 1,701 Thereafter 1,641 Total lease payments 10,238 Discount to present value (956 ) Total lease liability $ 9,282 (Dollars in thousands) December 31, 2019 2020 $ 2,001 2021 2,032 2022 2,028 2023 1,816 2024 1,702 Thereafter 1,641 Total lease payments 11,220 Discount to present value (1,094 ) Total lease liability $ 10,126

Premises and Equipment

Premises and Equipment	6 Months Ended
	Jun. 30, 2020
Property Plant And Equipment [Abstract]
Premises and Equipment	Note 6. Premises and equipment The Company’s premises and equipment consisted of the following as of June 30, 2020 and December 31, 2019: June 30, 2020 December 31, 2019 (Dollars in thousands) Leasehold improvements $ 6,734 $ 6,571 Furniture and fixtures 3,233 3,174 Equipment and others 2,496 2,414 Total cost 12,463 12,159 Accumulated depreciation (7,582 ) (6,933 ) Net book value $ 4,881 $ 5,226 Total depreciation expense included in occupancy and equipment expenses was $325,000 and $270,000 for the three months ended June 30, 2020 and 2019, and $655,000 and $538,000 for the six months ended June 30, 2020 and 2019, respectively.

Servicing Assets

Servicing Assets	6 Months Ended
	Jun. 30, 2020
Servicing Asset [Abstract]
Servicing Assets	Note 7. Servicing Assets Activity for loan servicing assets during the three and six months ended June 30, 2020 and 2019 is as follows: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 (Dollars in thousands) Beginning balance $ 6,963 $ 7,046 $ 7,024 $ 6,987 Additions 363 538 769 1,000 Amortized to expense (354 ) (588 ) (821 ) (991 ) Ending balance $ 6,972 $ 6,996 $ 6,972 $ 6,996 There was no valuation allowance recorded against the carrying value of the servicing assets as of June 30, 2020 or 2019. The fair value of the servicing assets was $8.2 million at June 30, 2020, which was determined using discount rates ranging from 5.4% to 11.9% and prepayment speeds ranging from 14.9% to 15.1%, depending on the stratification of the specific assets. The fair value of the servicing assets was $8.5 million at June 30, 2019, which was determined using discount rates ranging from 1.8% to 10.0% and prepayment speeds ranging from 12.8% to 13.8%, depending on the stratification of the specific assets.

Deposits

Deposits	6 Months Ended
	Jun. 30, 2020
Deposits [Abstract]
Deposits	Note 8. Deposits The scheduled maturities of time deposits were as follows as of June 30, 2020: June 30, 2020 (Dollars in thousands) 2020 remaining $ 239,692 2021 149,933 2022 1,996 2023 1,077 2024 498 Thereafter 75 Total $ 393,271 Deposits from principal officers, directors, and their affiliates as of June 30, 2020 and December 31, 2019 were $1.4 million and $1.6 million, respectively.

Borrowing Arrangements

Borrowing Arrangements	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Borrowing Arrangements	Note 9. Borrowing arrangements As of June 30, 2020, the Company had $10.0 million in borrowings from the Federal Home Loan Bank (FHLB) of San Francisco which had 0% rate under the Zero-Rate Recovery Advance Program, FHLB’s pandemic relief initiatives. The Company had available borrowings from the following institutions as of June 30, 2020: June 30, 2020 (Dollars in thousands) Federal Home Loan Bank—San Francisco $ 245,845 Federal Reserve Bank 128,204 Pacific Coast Bankers Bank 8,000 Zions Bank 25,000 Total $ 407,049 The Company has pledged approximately $856.7 million of loans as collateral for these lines of credit as of June 30, 2020.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Note 10. Income Taxes The Company’s income tax expense was $972,000 and $1.2 million for the three months ended June 30, 2020 and 2019, and $2.1 million and $2.7 million for the six months ended June 30, 2020 and 2019, respectively. The effective income tax rate was 28.7% and 24.3% for the three months ended June 30, 2020 and 2019, and $27.2% and 24.3% for the six months ended June 30, 2020 and 2019, 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 2016 and for state taxing authorities for tax years prior to 2015. There were no significant unrealized tax benefits recorded as of June 30, 2020 and 2019, and the Company does not expect any significant increase in unrealized tax benefits in the next twelve months.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2020
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 borrower. 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: June 30, 2020 December 31, 2019 (Dollars in thousands) Commitments to extend credit $ 77,483 $ 66,153 Standby letter of credit 9,213 7,377 Commercial letter of credit 688 1,111 Total undisbursed loan commitments $ 87,384 $ 74,641 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. Investments in low income housing partnership June 30, 2020 December 31, 2019 (Dollars in thousands) Investments in low income housing partnerships $ 5,035 $ 1,719 Unfunded commitments to fund investments for low income housing partnerships 2,737 70 These balances are reflected in the other assets and other liabilities line on the consolidated balance sheets. The Company expects to finish fulfilling these commitments during the year ending 2034. The Company recognized amortization expense of $107,000 and $55,000, for the three months ended June 30, 2020 and 2019, and $161,000 and $109,000 for the six months ended June 30, 2020 and 2019,

Stock-based Compensation

Stock-based Compensation	6 Months Ended
	Jun. 30, 2020
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 June 30, 2020, as described further below. Total compensation cost that has been charged against earnings for these plans was $336,000 and $339,000 for the three months ended June 30, 2020 and 2019, and $694,000 and $716,000, for the six months ended June 30, 2020 and 2019, respectively. 2005 Plan The exercise prices of the options may not be less than 100% of the fair value of the Company’s common stock at the date of grant. 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. The 2005 plan expired in 2015 and no shares are available for grant. A summary of the transactions under the 2005 Plan for the six months ended June 30, 2020 is as follows: Weighted Number of Average Aggregate Options Exercise Intrinsic Outstanding Price Value (Dollars in thousands, except per share data) Outstanding, as of January 1, 2020 155,000 $ 4.70 Options granted — — Options exercised (55,000 ) 1.15 Options forfeited — — Options expired — — Outstanding, as of June 30, 2020 100,000 5.77 $ 171 Fully vested and expected to vest 100,000 5.77 $ 171 Vested 100,000 $ 5.77 $ 171 Information related to the 2005 Plan for the periods indicated follows: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 (Dollars in thousands) Intrinsic value of options exercised $ — $ — $ 370 $ 387 Cash received from option exercises — — 63 107 Tax benefit realized from option exercised — — 17 — The weighted average remaining contractual term of stock options outstanding under the 2005 Plan at June 30, 2020 was 3.15 years. The weighted average remaining contractual term of stock options that were exercisable at June 30, 2020 was 3.15 years. All of the stock options that are outstanding under the 2005 Plan were fully vested as of June 30, 2020. 2010 Plan The exercise prices of stock options granted under the plan may not be less than 100% 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 six months ended June 30, 2020 or 2019. Restricted stock awards issued under the 2010 Plan may or may not be subject to vesting provisions. No awards were granted in the six months ended June 30, 2020. Three thousand shares were granted at weighted average fair value of $8.15 in the six months ended June 30, 2019. Awards which were granted in the six months ended June 30, 2019, vest at the end of three years from the date of the grant. 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 six months ended June 30, 2020 is as follows: Weighted Number of Average Aggregate Options Exercise Intrinsic Outstanding Price Value (Dollars in thousands, except per share data) Outstanding, as of January 1, 2020 365,000 $ 5.78 Options granted — — Options exercised (115,000 ) 2.11 Options forfeited — — Options expired — — Outstanding, as of June 30, 2020 250,000 7.12 $ 175 Fully vested and expected to vest 242,500 7.10 $ 175 Vested 220,000 $ 7.00 $ 175 Information related to stock options exercised under the 2010 Plan for the periods indicated follows: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 (Dollars in thousands) Intrinsic value of options exercised $ 89 $ 695 $ 608 $ 1,090 Cash received from option exercises — — 242 185 Tax benefit realized from option exercised 23 183 157 285 The weighted average remaining contractual term of stock options outstanding under the 2010 Plan at June 30, 2020 was 3.23 years. The weighted average remaining contractual term of stock options that were exercisable at June 30, 2020 was 3.16 years. A summary of the changes in the Company’s non-vested restricted stock awards under the 2010 Plan for the six months ended June 30, 2020 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, 2020 294,500 $ 9.20 Awards granted — — Awards vested (10,000 ) 8.00 Awards forfeited — — Non-vested, as of June 30, 2020 284,500 $ 9.24 $ 1,963 Information related to non-vested restricted stock awards under the 2010 Plan for the periods indicated follows: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 (Dollars in thousands) Tax benefit(expense) realized from awards vested $ (3 ) $ 3 $ (3 ) $ 3 There were 95,427 shares available for grant under the 2010 Plan as of June 30, 2020 (in either stock options or restricted stock awards). As of June 30, 2020, the Company had approximately $947,000 of unrecognized compensation cost related to unvested stock options and restricted stock awards under the 2010 Plan. The Company expects to recognize these costs over a weighted average period of 0.77 years.

Employee Benefit Plan

Employee Benefit Plan	6 Months Ended
	Jun. 30, 2020
Compensation And Retirement Disclosure [Abstract]
Employee Benefit Plan	Note 13. Employee Benefit Plan The Company established a 401(k) profit sharing plan (the “401(k) Plan”), which is open to all eligible employees who are at least 18 years old and have completed 90 days of service. Each employee is allowed to contribute to the 401(k) Plan up to the maximum percentage allowable, not to exceed the limits of applicable IRS Code Sections. Each year, the Company may, in its discretion, make matching contributions to the 401(k) Plan. Total employer contributions to the 401(k) Plan amounted to $356,000 and $293,000 for the six months ended June 30, 2020 and 2019, respectively.

Revenue Recognition

Revenue Recognition	6 Months Ended
	Jun. 30, 2020
Revenue From Contract With Customer [Abstract]
Revenue Recognition	Note 14. 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 COLI, 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 COLI. These revenue streams are either not material or out of scope of ASC 606.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Note 15. 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 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 June 30, 2020 and December 31, 2019 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 June 30, 2020 : U.S. Government sponsored agency securities $ 2,020 $ — $ 2,020 $ — Mortgage-backed securities - residential 20,335 — 20,335 — Collateralized mortgage obligations 53,047 — 53,047 — Other investments: Mutual fund - CRA qualified 3,754 3,754 — — As of December 31, 2019 : U.S. Government sponsored agency securities $ 5,001 $ — $ 5,001 $ — Mortgage-backed securities - residential 15,641 — 15,641 — Collateralized mortgage obligations 35,907 — 35,907 — Other investments: Mutual fund - CRA qualified 3,628 3,628 — — There were no transfers between Level 1 and Level 2 in the six months ended June 30, 2020 or 2019. There were no assets or liabilities measured at fair value on a non-recurring basis as of June 30, 2020 or December 31, 2019. Financial Instruments Carrying Amount Level 1 Level 2 Level 3 Value As of June 30, 2020: (Dollars in thousands) Financial Assets: Cash and cash equivalents $ 112,217 $ 112,217 $ — $ — $ 112,217 Loans held for sale 8,795 — 9,520 — 9,520 Loans receivable, net 1,030,742 — — 1,038,059 1,038,059 Accrued interest receivable 4,823 9 237 4,577 4,823 Other investments: FHLB and PCBB stock 6,233 N/A N/A N/A N/A Financial Liabilities: Deposit $ 1,120,720 $ — $ 1,122,687 $ — $ 1,122,687 Accrued interest payable 1,964 — 1,964 — 1,964 The carrying amounts and estimated fair values of financial instruments not carried at fair value at December 31, 2019 are as follows: Carrying Amount Level 1 Level 2 Level 3 Value As of December 31, 2019: (Dollars in thousands) Financial Assets: Cash and cash equivalents $ 86,036 $ 86,036 $ — $ — $ 86,036 Loans held for sale 2,100 — 2,100 — 2,100 Loans receivable, net 980,088 — — 1,009,490 1,009,490 Accrued interest receivable 3,166 41 243 2,882 3,166 Other investments: FHLB and PCBB stock 5,548 N/A N/A N/A N/A Financial Liabilities: Deposit $ 1,020,711 $ — $ 1,021,571 $ — $ 1,021,571 Accrued interest payable 2,686 — 2,686 — 2,686

Regulatory Capital Matters

Regulatory Capital Matters	6 Months Ended
	Jun. 30, 2020
Regulatory Capital Requirements [Abstract]
Regulatory Capital Matters	Note 16. 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 June 30, 2020 and December 31, 2019, 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 June 30, 2020 and December 31, 2019: Required for Minimum Capital Adequacy To be Considered Actual Purposes "Well Capitalized" (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio As of June 30, 2020: Total capital (to risk-weighted assets) Consolidated $ 150,212 15.16 % N/A N/A N/A N/A Bank 148,803 15.04 % 79,147 8.00 % 98,933 10.00 % Tier 1 capital (to risk-weighted assets) Consolidated 137,818 13.91 % N/A N/A N/A N/A Bank 136,431 13.79 % 59,360 6.00 % 79,147 8.00 % Common equity Tier 1 capital (to risk-weighted assets) Consolidated 137,818 13.91 % N/A N/A N/A N/A Bank 136,431 13.79 % 44,520 4.50 % 64,307 6.50 % Tier 1 capital (to average assets) Consolidated 137,818 10.98 % N/A N/A N/A N/A Bank 136,431 10.87 % 50,187 4.00 % 62,733 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, 2019: Total capital (to risk-weighted assets) Consolidated $ 150,092 15.18 % N/A N/A N/A N/A Bank 147,820 14.96 % 79,069 8.00 % 98,836 10.00 % Tier 1 capital (to risk-weighted assets) Consolidated 139,975 14.16 % N/A N/A N/A N/A Bank 137,703 13.93 % 59,301 6.00 % 79,069 8.00 % Common equity Tier 1 capital (to risk-weighted assets) Consolidated 139,975 14.16 % N/A N/A N/A N/A Bank 137,703 13.93 % 44,476 4.50 % 64,243 6.50 % Tier 1 capital (to average assets) Consolidated 139,975 12.14 % N/A N/A N/A N/A Bank 137,703 11.95 % 46,103 4.00 % 57,629 5.00 %

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Earnings Per Share	Note 17. 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 June 30, (Dollars in thousands, except share data) 2020 2019 Basic Net income $ 2,416 $ 3,836 Undistributed earnings allocated to participating securities (45 ) (101 ) Net income allocated to common shares 2,371 3,735 Weighted average common shares outstanding 15,072,423 15,685,478 Basic earnings per common share $ 0.16 $ 0.24 Diluted Net income allocated to common shares $ 2,371 $ 3,735 Weighted average common shares outstanding for basic earnings per common share 15,072,423 15,685,478 Add: Dilutive effects of assumed exercises of stock options 40,195 266,120 Average shares and dilutive potential common shares 15,112,618 15,951,598 Diluted earnings per common share $ 0.16 $ 0.23 Six Months Ended June 30, (Dollars in thousands, except share data) 2020 2019 Basic Net income $ 5,715 $ 8,576 Undistributed earnings allocated to participating securities (106 ) (228 ) Net income allocated to common shares 5,609 8,348 Weighted average common shares outstanding 15,279,486 15,750,905 Basic earnings per common share $ 0.37 $ 0.53 Diluted Net income allocated to common shares $ 5,609 $ 8,348 Weighted average common shares outstanding for basic earnings per common share 15,279,486 15,750,905 Add: Dilutive effects of assumed exercises of stock options 54,801 255,594 Average shares and dilutive potential common shares 15,334,287 16,006,499 Diluted earnings per common share $ 0.37 $ 0.52 Stock options and restricted stock awards for 222,000 shares of common stock were antidilutive for the three and six months ended June 30, 2020. No

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2020
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, including eliminating intercompany transactions and balances. 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, 2019, included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019.
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. The Company could experience a material adverse effect on its business as a result of the impact of the novel coronavirus pandemic (“COVID-19”) and the resulting governmental actions to curtail its spread. It is at least reasonably possible that the estimates based on information which was available at the date of the financial statements will change in the near term due to the COVID-19 pandemic and that the effect of the change would be material to the financial statements, including the allowance for loan losses. The extent to which the COVID-19 pandemic will impact our estimates and assumptions is highly uncertain and we are unable to make an estimate, at this time.
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. There has been no significant or material changes to the Company’s accounting policies during the six months ended June 30, 2020, as compared to the Summary of Significant Accounting Policies as described in “Note 1 of the Notes to Consolidated Financial Statements” in the Company’s audited consolidated financial statements included in its Annual Report on Form 10-K for the year ended December 31, 2019.
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. In July 2019, FASB proposed the effective date delay to January 2020 for SEC filers, excluding smaller reporting companies (“SRCs”) and emerging growth companies (“EGCs”), and January 2023 for all other entities including SRCs and EGCs, and on October 2019, FASB voted to approve the proposed delay. The Company expects the adoption date would be January 2023. 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 March 2020, FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting. This ASU provides optional expedients and exceptions for contracts, hedging relationships, and other transactions that reference LIBOR or other reference rates expected to be discontinued because of reference rate reform. The ASU is effective for all entities as of March 12, 2020 through December 31, 2022. The Company is in the process of evaluating the provisions of this ASU and its effects on our consolidated financial statements. In April 2020, various regulatory agencies, including the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation, (“the agencies”) issued a revised interagency statement encouraging financial institutions to work with customers affected by the COVID-19 pandemic and providing additional information regarding loan modifications. The revised interagency statement clarifies the interaction between the interagency statement issued on March 22, 2020 and the temporary relief provided by Section 4013 of the Coronavirus Aid, Relief, and Economic Security Act (“CARES”). Section 4013 allows financial institutions to suspend the requirements to classify certain loan modifications as troubled debt restructurings (“TDRs”). The revised statement also provides supervisory interpretations on past due and nonaccrual regulatory reporting of loan modification programs and regulatory capital. This interagency guidance is expected to reduce the number of TDRs that will be reported in future periods; however, the amount is indeterminable and will depend on future developments, which are highly uncertain and cannot be predicted, including the scope and duration of the pandemic and actions taken by governmental authorities and other third parties in response to the pandemic.

Securities (Tables)

Securities (Tables)	6 Months Ended
	Jun. 30, 2020
Investments Debt And Equity Securities [Abstract]
Schedule of Amortized Cost, Corresponding Amounts of Gross Unrealized Gains and Losses and Estimated Fair Value of Securities	The following table summarizes the amortized cost, the corresponding amounts of gross unrealized gains and losses, and estimated fair value of securities available for sale as of June 30, 2020 and December 31, 2019: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value As of June 30, 2020: (Dollars in thousands) Available for sale: U.S. Government sponsored agency securities $ 2,000 $ 20 $ — $ 2,020 Mortgage-backed securities: residential 19,911 424 — 20,335 Collateralized mortgage obligations: residential 52,161 907 (21 ) 53,047 Total available for sale $ 74,072 $ 1,351 $ (21 ) $ 75,402 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value As of December 31, 2019: (Dollars in thousands) Available for sale: U.S. Government sponsored agency securities $ 5,000 $ 2 $ (1 ) $ 5,001 Mortgage-backed securities: residential 15,559 94 (12 ) 15,641 Collateralized mortgage obligations: residential 35,723 243 (59 ) 35,907 Total available for sale $ 56,282 $ 339 $ (72 ) $ 56,549
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 or six months ended June 30, 2020 or 2019. The amortized cost and estimated fair value of securities available for sale at June 30, 2020, by contractual maturity, are shown below. Securities without a contractual maturity are shown separately. Amortized Cost Fair Value As of June 30, 2020: (Dollars in thousands) Available for sale: Within one year $ 2,000 $ 2,020 Mortgage-backed securities: residential 19,911 20,335 Collateralized mortgage obligations 52,161 53,047 Total available for sale $ 74,072 $ 75,402
Schedule of Securities With Unrealized Losses	The following table summarizes securities with unrealized losses as of June 30, 2020 and December 31, 2019, 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 June 30, 2020: (Dollars in thousands) Available for sale: Collateralized mortgage obligations $ 12,136 $ (21 ) $ — $ — $ 12,136 $ (21 ) Total available for sale $ 12,136 $ (21 ) $ — $ — $ 12,136 $ (21 ) 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, 2019: (Dollars in thousands) Available for sale: U.S. Government sponsored agency securities $ — $ — $ 1,999 $ (1 ) $ 1,999 $ (1 ) Mortgage-backed securities: residential — — 3,254 (12 ) 3,254 (12 ) Collateralized mortgage obligations 8,878 (29 ) 3,658 (30 ) 12,536 (59 ) Total available for sale $ 8,878 $ (29 ) $ 8,911 $ (43 ) $ 17,789 $ (72 )
Schedule of Other Investments	Other investments as of June 30, 2020 and December 31, 2019, consisted of the following: June 30, 2020 December 31, 2019 (Dollars in thousands) FHLB stock $ 6,043 $ 5,358 PCBB stock 190 190 Mutual fund - CRA qualified 3,754 3,628 Total other investments $ 9,987 $ 9,176

Loans (Tables)

Loans (Tables)	6 Months Ended
	Jun. 30, 2020
Receivables [Abstract]
Composition of Loan Portfolio	The composition of the loan portfolio was as follows at June 30, 2020 and December 31, 2019: June 30, 2020 December 31, 2019 (Dollars in thousands) Real estate: Commercial real estate $ 637,295 $ 630,668 SBA loans—real estate 121,551 122,373 Total real estate 758,846 753,041 SBA loans—non-real estate 74,054 (1) 9,895 Commercial and industrial 88,375 103,852 Home mortgage 120,597 120,686 Consumer 1,634 2,664 Gross loans receivable 1,043,506 990,138 Allowance for loan losses (12,764 ) (10,050 ) Loans receivable, net $ 1,030,742 $ 980,088 (1) At June 30, 2020, SBA loan - non-real estate loan balance includes SBA PPP loans balance of $63.4 million.
Schedule of Activity in Allowance for Loan Losses	The activity in the allowance for loan losses for the three and six months ended June 30, 2020 and 2019 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 June 30, 2020: Beginning balance $ 6,210 $ 1,082 $ 192 $ 1,292 $ 1,921 $ 51 $ 10,748 Provision for loan losses 935 264 33 628 153 (25 ) 1,988 Charge-offs — — — — — — — Recoveries — — 28 — — — 28 Ending balance $ 7,145 $ 1,346 $ 253 $ 1,920 $ 2,074 $ 26 $ 12,764 Three months ended June 30, 2019: Beginning balance $ 5,196 $ 930 $ 129 $ 1,673 $ 1,660 $ 31 $ 9,619 Provision for loan losses 358 6 (10 ) 86 (51 ) 12 401 Charge-offs — (3 ) — (493 ) — — (496 ) Recoveries — — — — — 1 1 Ending balance $ 5,554 $ 933 $ 119 $ 1,266 $ 1,609 $ 44 $ 9,525 SBA Commercial SBA Loans Loans Non- Commercial Home Real Estate Real Estate Real Estate and Industrial Mortgage Consumer Total (Dollars in thousands) Six months ended June 30, 2020: Beginning balance $ 6,000 $ 939 $ 121 $ 1,289 $ 1,667 $ 34 $ 10,050 Provision for loan losses 1,145 407 149 631 407 (8 ) 2,731 Charge-offs — — (45 ) — — — (45 ) Recoveries — — 28 — — — 28 Ending balance $ 7,145 $ 1,346 $ 253 $ 1,920 $ 2,074 $ 26 $ 12,764 Six months ended June 30, 2019: Beginning balance $ 4,805 $ 894 $ 505 $ 1,746 $ 1,653 $ 33 $ 9,636 Provision for loan losses 749 59 (386 ) 13 (44 ) 10 401 Charge-offs — (20 ) — (493 ) — — (513 ) Recoveries — — — — — 1 1 Ending balance $ 5,554 $ 933 $ 119 $ 1,266 $ 1,609 $ 44 $ 9,525
Schedule of Allowance for Loan Losses and Recorded Investment in Loans (including accrued interest receivable) by Portfolio Segment	The following table presents the balance in the allowance for loan losses and the recorded investment in loans (including accrued interest receivable of $4.6 million and $2.9 million as of June 30, 2020 and December 31, 2019, respectively) by portfolio segment as of June 30, 2020 and December 31, 2019: Loans Individually Evaluated for Impairment Loans Collectively Evaluated for Impairment Total As of June 30, 2020: (Dollars in thousands) Allowance for loan losses: Commercial real estate $ — $ 7,145 $ 7,145 SBA loans—real estate — 1,346 1,346 SBA loans—non-real estate 59 194 253 Commercial and industrial 330 1,590 1,920 Home mortgage — 2,074 2,074 Consumer — 26 26 Total $ 389 $ 12,375 $ 12,764 Loans: Commercial real estate $ — $ 640,313 $ 640,313 SBA loans—real estate — 122,114 122,114 SBA loans—non-real estate 124 74,095 74,219 Commercial and industrial 330 88,333 88,663 Home mortgage — 121,136 121,136 Consumer — 1,638 1,638 Total $ 454 $ 1,047,629 $ 1,048,083 As of December 31, 2019: Allowance for loan losses: Commercial real estate $ — $ 6,000 $ 6,000 SBA loans—real estate — 939 939 SBA loans—non-real estate — 121 121 Commercial and industrial 333 956 1,289 Home mortgage — 1,667 1,667 Consumer — 34 34 Total $ 333 $ 9,717 $ 10,050 Loans: Commercial real estate $ — $ 632,205 $ 632,205 SBA loans—real estate 484 122,438 122,922 SBA loans—non-real estate 33 9,921 9,954 Commercial and industrial 333 103,774 104,107 Home mortgage — 121,161 121,161 Consumer — 2,671 2,671 Total $ 850 $ 992,170 $ 993,020
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 and six m onths ended June 30 , 2020 and 201 9 . 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 June 30, 2020: (Dollars in thousands) With an allowance recorded: SBA loans—non-real estate $ 124 $ 59 $ 125 $ 2 Commercial and industrial 330 330 330 3 Total $ 454 $ 389 $ 455 $ 5 As of and for the three months ended June 30, 2019: With no related allowance recorded: SBA loans—real estate $ 497 $ — $ 504 $ — SBA loans—non-real estate 41 — 45 — With an allowance recorded: Commercial and industrial 1,511 358 1,512 14 Total $ 2,049 $ 358 $ 2,061 $ 14 Average Interest Recorded Allowance Recorded Income Investment Allocated Investment Recognized As of and for the six months ended June 30, 2020: (Dollars in thousands) With an allowance recorded: SBA loans—non-real estate $ 124 $ 59 $ 125 $ 4 Commercial and industrial 330 330 331 7 Total $ 454 $ 389 $ 456 $ 11 As of and for the six months ended June 30, 2019: With no related allowance recorded: SBA loans—real estate $ 497 $ — $ 510 $ — SBA loans—non-real estate 41 — 49 — With an allowance recorded: Commercial and industrial 1,511 358 1,513 28 Total $ 2,049 $ 358 $ 2,072 $ 28
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 June 30, 2020 and December 31, 2019: Nonaccrual Loans >90 Days Past Due & Still Accruing Total As of June 30, 2020: (Dollars in thousands) Home mortgage $ 689 $ — $ 689 Total $ 689 $ — $ 689 As of December 31, 2019: SBA loans—real estate $ 484 $ — $ 484 SBA loans—non-real estate 33 — 33 Home mortgage 698 — 698 Total $ 1,215 $ — $ 1,215
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 June 30, 2020 and December 31, 2019: 30-59 Days Past Due 60-89 Days Past Due > 90 Days Past Due Total Past Due Loans Not Past Due Total As of June 30, 2020: (Dollars in thousands) Commercial real estate $ — $ — $ — $ — $ 640,313 $ 640,313 SBA—real estate 565 — — 565 121,549 122,114 SBA—non-real estate — — — — 74,219 74,219 Commercial and industrial — — — — 88,663 88,663 Home mortgage — — 454 454 120,682 121,136 Consumer — — — — 1,638 1,638 $ 565 $ — $ 454 $ 1,019 $ 1,047,064 $ 1,048,083 As of December 31, 2019: Commercial real estate $ — $ — $ — $ — $ 632,205 $ 632,205 SBA—real estate 1,552 — 484 2,036 120,886 122,922 SBA—non-real estate 3 126 33 162 9,792 9,954 Commercial and industrial 364 — — 364 103,743 104,107 Home mortgage 1,980 — 454 2,434 118,727 121,161 Consumer — — — — 2,671 2,671 $ 3,899 $ 126 $ 971 $ 4,996 $ 988,024 $ 993,020
Schedule of Risk Category of Loans by Class of Loans	As of June 30, 2020 and December 31, 2019, 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 June 30, 2020: (Dollars in thousands) Commercial real estate $ 640,313 $ — $ — $ — $ 640,313 SBA loans—real estate 120,567 761 786 — 122,114 SBA loans—non-real estate 74,082 13 124 — 74,219 Commercial and industrial 83,572 3,880 1,211 — 88,663 Home mortgage 120,447 — 689 — 121,136 Consumer 1,638 — — — 1,638 $ 1,040,619 $ 4,654 $ 2,810 $ — $ 1,048,083 As of December 31, 2019: Commercial real estate $ 632,205 $ — $ — $ — $ 632,205 SBA loans—real estate 120,116 770 2,036 — 122,922 SBA loans—non-real estate 9,781 140 33 — 9,954 Commercial and industrial 98,509 4,901 697 — 104,107 Home mortgage 120,463 — 698 — 121,161 Consumer 2,671 — — — 2,671 $ 983,745 $ 5,811 $ 3,464 (1) $ — $ 993,020 (1) Substandard loans include unsold SBA guaranteed portion. The Company did not have unsold guaranteed portion as of June 30, 2020. Substandard loans, net of unsold guaranteed are $3.1 million as of December 31, 2019.

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Summary of Lease, Cost	The table below summarized the Company’s total lease cost: Three Months Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2020 2019 2020 2019 Operating lease cost $ 444 $ 440 $ 888 $ 843 Variable lease cost 194 176 378 337 Total lease cost $ 638 $ 616 $ 1,266 $ 1,180
Summary of Supplemental information Related to Operating Leases	The table below summarizes supplemental information related to the Company’s operating leases: (Dollars in thousands) June 30, 2020 December 31, 2019 Operating right-of-use assets $ 7,517 $ 8,254 Operating lease liabilities 9,282 10,126 Weighted average remaining lease term - operating leases 5.1 5.7 Weighted average discount rate - operating leases 2.98 % 2.98 % Three Months Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2020 2019 2020 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 495 $ 479 $ 995 $ 915
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 June 30, 2020 and December 31, 2019: (Dollars in thousands) June 30, 2020 2020 remaining $ 1,013 2021 2,039 2022 2,028 2023 1,816 2024 1,701 Thereafter 1,641 Total lease payments 10,238 Discount to present value (956 ) Total lease liability $ 9,282 (Dollars in thousands) December 31, 2019 2020 $ 2,001 2021 2,032 2022 2,028 2023 1,816 2024 1,702 Thereafter 1,641 Total lease payments 11,220 Discount to present value (1,094 ) Total lease liability $ 10,126

Premises and Equipment (Tables)

Premises and Equipment (Tables)	6 Months Ended
	Jun. 30, 2020
Property Plant And Equipment [Abstract]
Schedule of Premises and Equipment	The Company’s premises and equipment consisted of the following as of June 30, 2020 and December 31, 2019: June 30, 2020 December 31, 2019 (Dollars in thousands) Leasehold improvements $ 6,734 $ 6,571 Furniture and fixtures 3,233 3,174 Equipment and others 2,496 2,414 Total cost 12,463 12,159 Accumulated depreciation (7,582 ) (6,933 ) Net book value $ 4,881 $ 5,226

Servicing Assets (Tables)

Servicing Assets (Tables)	6 Months Ended
	Jun. 30, 2020
Servicing Asset [Abstract]
Schedule of Activity for Loan Servicing Assets	Activity for loan servicing assets during the three and six months ended June 30, 2020 and 2019 is as follows: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 (Dollars in thousands) Beginning balance $ 6,963 $ 7,046 $ 7,024 $ 6,987 Additions 363 538 769 1,000 Amortized to expense (354 ) (588 ) (821 ) (991 ) Ending balance $ 6,972 $ 6,996 $ 6,972 $ 6,996

Deposits (Tables)

Deposits (Tables)	6 Months Ended
	Jun. 30, 2020
Deposits [Abstract]
Schedule of Maturities of Time Deposits	The scheduled maturities of time deposits were as follows as of June 30, 2020: June 30, 2020 (Dollars in thousands) 2020 remaining $ 239,692 2021 149,933 2022 1,996 2023 1,077 2024 498 Thereafter 75 Total $ 393,271

Borrowing Arrangements (Tables)

Borrowing Arrangements (Tables)	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Summary of Borrowings Available to the Company from Institutions	The Company had available borrowings from the following institutions as of June 30, 2020: June 30, 2020 (Dollars in thousands) Federal Home Loan Bank—San Francisco $ 245,845 Federal Reserve Bank 128,204 Pacific Coast Bankers Bank 8,000 Zions Bank 25,000 Total $ 407,049

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2020
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: June 30, 2020 December 31, 2019 (Dollars in thousands) Commitments to extend credit $ 77,483 $ 66,153 Standby letter of credit 9,213 7,377 Commercial letter of credit 688 1,111 Total undisbursed loan commitments $ 87,384 $ 74,641
Schedule of Balance and Total Unfunded Commitments Related to Investment in Low Income Housing Partnerships	The following table shows the balance of the investments in low income housing partnership and the total unfunded commitments related to the investments in low income housing partnerships as of the dates indicated: June 30, 2020 December 31, 2019 (Dollars in thousands) Investments in low income housing partnerships $ 5,035 $ 1,719 Unfunded commitments to fund investments for low income housing partnerships 2,737 70

Stock-based Compensation (Table

Stock-based Compensation (Tables)	6 Months Ended
	Jun. 30, 2020
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 six months ended June 30, 2020 is as follows: Weighted Number of Average Aggregate Options Exercise Intrinsic Outstanding Price Value (Dollars in thousands, except per share data) Outstanding, as of January 1, 2020 155,000 $ 4.70 Options granted — — Options exercised (55,000 ) 1.15 Options forfeited — — Options expired — — Outstanding, as of June 30, 2020 100,000 5.77 $ 171 Fully vested and expected to vest 100,000 5.77 $ 171 Vested 100,000 $ 5.77 $ 171
Summary of Information Related to Stock Option Plan	Information related to the 2005 Plan for the periods indicated follows: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 (Dollars in thousands) Intrinsic value of options exercised $ — $ — $ 370 $ 387 Cash received from option exercises — — 63 107 Tax benefit realized from option exercised — — 17 —
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 six months ended June 30, 2020 is as follows: Weighted Number of Average Aggregate Options Exercise Intrinsic Outstanding Price Value (Dollars in thousands, except per share data) Outstanding, as of January 1, 2020 365,000 $ 5.78 Options granted — — Options exercised (115,000 ) 2.11 Options forfeited — — Options expired — — Outstanding, as of June 30, 2020 250,000 7.12 $ 175 Fully vested and expected to vest 242,500 7.10 $ 175 Vested 220,000 $ 7.00 $ 175
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 June 30, Six Months Ended June 30, 2020 2019 2020 2019 (Dollars in thousands) Intrinsic value of options exercised $ 89 $ 695 $ 608 $ 1,090 Cash received from option exercises — — 242 185 Tax benefit realized from option exercised 23 183 157 285
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 six months ended June 30, 2020 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, 2020 294,500 $ 9.20 Awards granted — — Awards vested (10,000 ) 8.00 Awards forfeited — — Non-vested, as of June 30, 2020 284,500 $ 9.24 $ 1,963
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 June 30, Six Months Ended June 30, 2020 2019 2020 2019 (Dollars in thousands) Tax benefit(expense) realized from awards vested $ (3 ) $ 3 $ (3 ) $ 3

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2020
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 June 30, 2020 and December 31, 2019 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 June 30, 2020 : U.S. Government sponsored agency securities $ 2,020 $ — $ 2,020 $ — Mortgage-backed securities - residential 20,335 — 20,335 — Collateralized mortgage obligations 53,047 — 53,047 — Other investments: Mutual fund - CRA qualified 3,754 3,754 — — As of December 31, 2019 : U.S. Government sponsored agency securities $ 5,001 $ — $ 5,001 $ — Mortgage-backed securities - residential 15,641 — 15,641 — Collateralized mortgage obligations 35,907 — 35,907 — Other investments: Mutual fund - CRA qualified 3,628 3,628 — —
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 June 30, 2020: (Dollars in thousands) Financial Assets: Cash and cash equivalents $ 112,217 $ 112,217 $ — $ — $ 112,217 Loans held for sale 8,795 — 9,520 — 9,520 Loans receivable, net 1,030,742 — — 1,038,059 1,038,059 Accrued interest receivable 4,823 9 237 4,577 4,823 Other investments: FHLB and PCBB stock 6,233 N/A N/A N/A N/A Financial Liabilities: Deposit $ 1,120,720 $ — $ 1,122,687 $ — $ 1,122,687 Accrued interest payable 1,964 — 1,964 — 1,964 The carrying amounts and estimated fair values of financial instruments not carried at fair value at December 31, 2019 are as follows: Carrying Amount Level 1 Level 2 Level 3 Value As of December 31, 2019: (Dollars in thousands) Financial Assets: Cash and cash equivalents $ 86,036 $ 86,036 $ — $ — $ 86,036 Loans held for sale 2,100 — 2,100 — 2,100 Loans receivable, net 980,088 — — 1,009,490 1,009,490 Accrued interest receivable 3,166 41 243 2,882 3,166 Other investments: FHLB and PCBB stock 5,548 N/A N/A N/A N/A Financial Liabilities: Deposit $ 1,020,711 $ — $ 1,021,571 $ — $ 1,021,571 Accrued interest payable 2,686 — 2,686 — 2,686

Regulatory Capital Matters (Tab

Regulatory Capital Matters (Tables)	6 Months Ended
	Jun. 30, 2020
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 June 30, 2020 and December 31, 2019: Required for Minimum Capital Adequacy To be Considered Actual Purposes "Well Capitalized" (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio As of June 30, 2020: Total capital (to risk-weighted assets) Consolidated $ 150,212 15.16 % N/A N/A N/A N/A Bank 148,803 15.04 % 79,147 8.00 % 98,933 10.00 % Tier 1 capital (to risk-weighted assets) Consolidated 137,818 13.91 % N/A N/A N/A N/A Bank 136,431 13.79 % 59,360 6.00 % 79,147 8.00 % Common equity Tier 1 capital (to risk-weighted assets) Consolidated 137,818 13.91 % N/A N/A N/A N/A Bank 136,431 13.79 % 44,520 4.50 % 64,307 6.50 % Tier 1 capital (to average assets) Consolidated 137,818 10.98 % N/A N/A N/A N/A Bank 136,431 10.87 % 50,187 4.00 % 62,733 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, 2019: Total capital (to risk-weighted assets) Consolidated $ 150,092 15.18 % N/A N/A N/A N/A Bank 147,820 14.96 % 79,069 8.00 % 98,836 10.00 % Tier 1 capital (to risk-weighted assets) Consolidated 139,975 14.16 % N/A N/A N/A N/A Bank 137,703 13.93 % 59,301 6.00 % 79,069 8.00 % Common equity Tier 1 capital (to risk-weighted assets) Consolidated 139,975 14.16 % N/A N/A N/A N/A Bank 137,703 13.93 % 44,476 4.50 % 64,243 6.50 % Tier 1 capital (to average assets) Consolidated 139,975 12.14 % N/A N/A N/A N/A Bank 137,703 11.95 % 46,103 4.00 % 57,629 5.00 %

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2020
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 June 30, (Dollars in thousands, except share data) 2020 2019 Basic Net income $ 2,416 $ 3,836 Undistributed earnings allocated to participating securities (45 ) (101 ) Net income allocated to common shares 2,371 3,735 Weighted average common shares outstanding 15,072,423 15,685,478 Basic earnings per common share $ 0.16 $ 0.24 Diluted Net income allocated to common shares $ 2,371 $ 3,735 Weighted average common shares outstanding for basic earnings per common share 15,072,423 15,685,478 Add: Dilutive effects of assumed exercises of stock options 40,195 266,120 Average shares and dilutive potential common shares 15,112,618 15,951,598 Diluted earnings per common share $ 0.16 $ 0.23 Six Months Ended June 30, (Dollars in thousands, except share data) 2020 2019 Basic Net income $ 5,715 $ 8,576 Undistributed earnings allocated to participating securities (106 ) (228 ) Net income allocated to common shares 5,609 8,348 Weighted average common shares outstanding 15,279,486 15,750,905 Basic earnings per common share $ 0.37 $ 0.53 Diluted Net income allocated to common shares $ 5,609 $ 8,348 Weighted average common shares outstanding for basic earnings per common share 15,279,486 15,750,905 Add: Dilutive effects of assumed exercises of stock options 54,801 255,594 Average shares and dilutive potential common shares 15,334,287 16,006,499 Diluted earnings per common share $ 0.37 $ 0.52

Business Description - Addition

Business Description - Additional Information (Details)	Mar. 27, 2018USD ($)$ / sharesshares	Jun. 30, 2020BranchOffice
Business Description [Line Items]
Operations commenced date		Jun. 1, 2016
Number of full service branches | Branch		9
Number of loan production offices | Office		4
Common Stock
Business Description [Line Items]
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 share | $ / 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

Securities - Schedule of Amorti

Securities - Schedule of Amortized Cost, Corresponding Amounts of Gross Unrealized Gains and Losses and Estimated Fair Value of Securities (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	$ 74,072	$ 56,282
Gross Unrealized Gains	1,351	339
Gross Unrealized Losses	(21)	(72)
Fair Value	75,402	56,549
U.S. Government Sponsored Agency Securities
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	2,000	5,000
Gross Unrealized Gains	20	2
Gross Unrealized Losses		(1)
Fair Value	2,020	5,001
Mortgage-backed Securities, Residential
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	19,911	15,559
Gross Unrealized Gains	424	94
Gross Unrealized Losses		(12)
Fair Value	20,335	15,641
Collateralized Mortgage Obligations, Residential
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	52,161	35,723
Gross Unrealized Gains	907	243
Gross Unrealized Losses	(21)	(59)
Fair Value	$ 53,047	$ 35,907

Securities - Additional Informa

Securities - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Schedule Of Available For Sale Securities [Line Items]
Proceeds from sale of available-for-sale securities	$ 0	$ 0	$ 0	$ 0
Other than temporary impairments unrealized losses on securities			0
Collateral Pledged
Schedule Of Available For Sale Securities [Line Items]
Number of securities pledged as collateral	$ 0		$ 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	Jun. 30, 2020	Dec. 31, 2019
Schedule Of Available For Sale Securities [Line Items]
Available for sale, Within one year, Amortized Cost	$ 2,000
Available for sale, Amortized Cost	74,072	$ 56,282
Available for sale, Within one year, Fair Value	2,020
Available for sale, Fair Value	75,402	56,549
Mortgage-backed Securities, Residential
Schedule Of Available For Sale Securities [Line Items]
Available for sale, Amortized Cost	19,911	15,559
Available for sale, Fair Value	20,335	$ 15,641
Collateralized Mortgage Obligations
Schedule Of Available For Sale Securities [Line Items]
Available for sale, Amortized Cost	52,161
Available for sale, Fair Value	$ 53,047

Securities - Schedule of Securi

Securities - Schedule of Securities With Unrealized Losses (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Schedule Of Available For Sale Securities [Line Items]
Fair Value, Less Than 12 Months	$ 12,136	$ 8,878
Unrealized Losses, Less Than 12 Months	(21)	(29)
Fair Value, 12 Months or Longer		8,911
Unrealized Losses, 12 Months or Longer		(43)
Total Fair Value	12,136	17,789
Total Unrealized Losses	(21)	(72)
Collateralized Mortgage Obligations
Schedule Of Available For Sale Securities [Line Items]
Fair Value, Less Than 12 Months	12,136	8,878
Unrealized Losses, Less Than 12 Months	(21)	(29)
Fair Value, 12 Months or Longer		3,658
Unrealized Losses, 12 Months or Longer		(30)
Total Fair Value	12,136	12,536
Total Unrealized Losses	$ (21)	(59)
U.S. Government Sponsored Agency Securities
Schedule Of Available For Sale Securities [Line Items]
Fair Value, 12 Months or Longer		1,999
Unrealized Losses, 12 Months or Longer		(1)
Total Fair Value		1,999
Total Unrealized Losses		(1)
Mortgage-backed Securities, Residential
Schedule Of Available For Sale Securities [Line Items]
Fair Value, 12 Months or Longer		3,254
Unrealized Losses, 12 Months or Longer		(12)
Total Fair Value		3,254
Total Unrealized Losses		$ (12)

Securities - Schedule of Other

Securities - Schedule of Other Investments (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Investments Debt And Equity Securities [Abstract]
FHLB stock	$ 6,043	$ 5,358
PCBB stock	190	190
Mutual fund - CRA qualified	3,754	3,628
Total other investments	$ 9,987	$ 9,176

Loans - Composition of Loan Por

Loans - Composition of Loan Portfolio (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Loans And Leases Receivable Disclosure [Line Items]
Gross loans receivable	$ 1,043,506	$ 990,138
Allowance for loan losses	(12,764)	(10,050)
Loans receivable, net	1,030,742	980,088
Real Estate
Loans And Leases Receivable Disclosure [Line Items]
Gross loans receivable	758,846	753,041
Real Estate | Commercial Real Estate
Loans And Leases Receivable Disclosure [Line Items]
Gross loans receivable	637,295	630,668
Real Estate | SBA Loans—Real Estate
Loans And Leases Receivable Disclosure [Line Items]
Gross loans receivable	121,551	122,373
SBA Loans—Non-Real Estate
Loans And Leases Receivable Disclosure [Line Items]
Gross loans receivable	74,054	9,895
Commercial and Industrial
Loans And Leases Receivable Disclosure [Line Items]
Gross loans receivable	88,375	103,852
Home Mortgage
Loans And Leases Receivable Disclosure [Line Items]
Gross loans receivable	120,597	120,686
Consumer
Loans And Leases Receivable Disclosure [Line Items]
Gross loans receivable	$ 1,634	$ 2,664

Loans - Composition of Loan P_2

Loans - Composition of Loan Portfolio (Parenthetical) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Loans And Leases Receivable Disclosure [Line Items]
Gross loans receivable	$ 1,043,506	$ 990,138
SBA Loans—Non-Real Estate
Loans And Leases Receivable Disclosure [Line Items]
Gross loans receivable	74,054	$ 9,895
SBA Loans—Non-Real Estate | SBA PPP Loans
Loans And Leases Receivable Disclosure [Line Items]
Gross loans receivable	$ 63,400

Loans - Additional Information

Loans - Additional Information (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2020USD ($)ContractBorrowerloan	Jun. 30, 2019USD ($)Contract	Jun. 30, 2020USD ($)ContractBorrowerloan	Jun. 30, 2019USD ($)Contract	Aug. 03, 2020USD ($)loan	Apr. 24, 2020USD ($)	Dec. 31, 2019USD ($)
Loans And Leases Receivable Disclosure [Line Items]
Loans	$ 0		$ 0				$ 0
Accrued interest receivable	4,600,000		4,600,000				2,900,000
Recorded investment in troubled debt restructurings	330,000		330,000				333,000
Specific reserves to customers whose loan terms have been modified in TDRs	$ 330,000		$ 330,000				333,000
Loans identified as TDRs | Contract	0	0	0	0
Financing receivable, modifications, subsequent default, recorded investment	$ 0	$ 0	$ 0	$ 0
Loans aggregate balance	$ 1,048,083,000		$ 1,048,083,000				993,020,000
Paycheck Protection Program and Health Care Enhancement Act
Loans And Leases Receivable Disclosure [Line Items]
Number of loans originated | loan	924		924
Total loans funded	$ 64,900,000		$ 64,900,000
Additional funding under CARES act						$ 310,000,000,000
Subsequent Event
Loans And Leases Receivable Disclosure [Line Items]
Number of loans | loan					74
Loans aggregate balance					$ 84,000,000
Home Mortgage
Loans And Leases Receivable Disclosure [Line Items]
Loans aggregate balance	121,136,000		121,136,000				$ 121,161,000
Home Mortgage | Subsequent Event
Loans And Leases Receivable Disclosure [Line Items]
Number of loans | loan					36
Loans aggregate balance					$ 16,300,000
Payment Deferral
Loans And Leases Receivable Disclosure [Line Items]
Recorded investment in troubled debt restructurings	$ 190,900,000		$ 190,900,000
Number of processed loan deferments | Borrower	155		155
Loan deferments percentage of total loans	18.00%		18.00%

Loans - Schedule of Activity in

Loans - Schedule of Activity in Allowance for Loan Losses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning balance	$ 10,748	$ 9,619	$ 10,050	$ 9,636
Provision for loan losses	1,988	401	2,731	401
Charge-offs		(496)	(45)	(513)
Recoveries	28	1	28	1
Ending balance	12,764	9,525	12,764	9,525
Commercial Real Estate
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning balance	6,210	5,196	6,000	4,805
Provision for loan losses	935	358	1,145	749
Ending balance	7,145	5,554	7,145	5,554
SBA Loans-Real Estate
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning balance	1,082	930	939	894
Provision for loan losses	264	6	407	59
Charge-offs		(3)		(20)
Ending balance	1,346	933	1,346	933
SBA Loans—Non-Real Estate
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning balance	192	129	121	505
Provision for loan losses	33	(10)	149	(386)
Charge-offs			(45)
Recoveries	28		28
Ending balance	253	119	253	119
Commercial and Industrial
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning balance	1,292	1,673	1,289	1,746
Provision for loan losses	628	86	631	13
Charge-offs		(493)		(493)
Ending balance	1,920	1,266	1,920	1,266
Home Mortgage
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning balance	1,921	1,660	1,667	1,653
Provision for loan losses	153	(51)	407	(44)
Ending balance	2,074	1,609	2,074	1,609
Consumer
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning balance	51	31	34	33
Provision for loan losses	(25)	12	(8)	10
Recoveries		1		1
Ending balance	$ 26	$ 44	$ 26	$ 44

Loans - Schedule of Allowance f

Loans - Schedule of Allowance for Loan Losses and Recorded Investment in Loans (including accrued interest receivable) by Portfolio Segment (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for loan losses Individually Evaluated for Impairment	$ 389		$ 333
Allowance for Loan Collectively Evaluated for Impairment	12,375		9,717
Total	12,764	$ 10,748	10,050	$ 9,525	$ 9,619	$ 9,636
Loans Individually Evaluated for Impairment	454		850
Loans Collectively Evaluated for Impairment	1,047,629		992,170
Total	1,048,083		993,020
Commercial Real Estate
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for Loan Collectively Evaluated for Impairment	7,145		6,000
Total	7,145	6,210	6,000	5,554	5,196	4,805
Loans Collectively Evaluated for Impairment	640,313		632,205
Total	640,313		632,205
SBA Loans-Real Estate
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for Loan Collectively Evaluated for Impairment	1,346		939
Total	1,346	1,082	939	933	930	894
Loans Individually Evaluated for Impairment			484
Loans Collectively Evaluated for Impairment	122,114		122,438
Total	122,114		122,922
SBA Loans—Non-Real Estate
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for loan losses Individually Evaluated for Impairment	59
Allowance for Loan Collectively Evaluated for Impairment	194		121
Total	253	192	121	119	129	505
Loans Individually Evaluated for Impairment	124		33
Loans Collectively Evaluated for Impairment	74,095		9,921
Total	74,219		9,954
Commercial and Industrial
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for loan losses Individually Evaluated for Impairment	330		333
Allowance for Loan Collectively Evaluated for Impairment	1,590		956
Total	1,920	1,292	1,289	1,266	1,673	1,746
Loans Individually Evaluated for Impairment	330		333
Loans Collectively Evaluated for Impairment	88,333		103,774
Total	88,663		104,107
Home Mortgage
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for Loan Collectively Evaluated for Impairment	2,074		1,667
Total	2,074	1,921	1,667	1,609	1,660	1,653
Loans Collectively Evaluated for Impairment	121,136		121,161
Total	121,136		121,161
Consumer
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for Loan Collectively Evaluated for Impairment	26		34
Total	26	$ 51	34	$ 44	$ 31	$ 33
Loans Collectively Evaluated for Impairment	1,638		2,671
Total	$ 1,638		$ 2,671

Loans - Schedule of Information

Loans - Schedule of Information Related to Impaired Loans by Class of Loans (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Financing Receivable Impaired [Line Items]
Recorded investment	$ 454	$ 2,049	$ 454	$ 2,049
Allowance Allocated	389	358	389	358
Average Recorded Investment	455	2,061	456	2,072
Interest Income Recognized	5	14	11	28
Commercial And Industrial
Financing Receivable Impaired [Line Items]
Recorded investment, With an allowance recorded	330	1,511	330	1,511
Allowance Allocated	330	358	330	358
Average Recorded Investment, With an allowance recorded	330	1,512	331	1,513
Interest Income Recognized, With an allowance recorded	3	14	7	28
SBA Loans—Real Estate
Financing Receivable Impaired [Line Items]
Recorded investment, With no related allowance recorded		497		497
Average Recorded Investment, With no related allowance recorded		504		510
SBA Loans—Non-Real Estate
Financing Receivable Impaired [Line Items]
Recorded investment, With no related allowance recorded		41		41
Average Recorded Investment, With no related allowance recorded		$ 45		$ 49
SBA Loans-Non-Real Estate
Financing Receivable Impaired [Line Items]
Recorded investment, With an allowance recorded	124		124
Allowance Allocated	59		59
Average Recorded Investment, With an allowance recorded	125		125
Interest Income Recognized, With an allowance recorded	$ 2		$ 4

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	Jun. 30, 2020	Dec. 31, 2019
Financing Receivable Recorded Investment Past Due [Line Items]
Nonaccrual	$ 689	$ 1,215
Total	689	1,215
Home Mortgage
Financing Receivable Recorded Investment Past Due [Line Items]
Nonaccrual	689	698
Total	$ 689	698
SBA Loans—Real Estate
Financing Receivable Recorded Investment Past Due [Line Items]
Nonaccrual		484
Total		484
SBA Loans-Non-Real Estate
Financing Receivable Recorded Investment Past Due [Line Items]
Nonaccrual		33
Total		$ 33

Loans - Schedule of Aging of Re

Loans - Schedule of Aging of Recorded Investment in Past Due Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due Loans	$ 1,019	$ 4,996
Loans Not Past Due	1,047,064	988,024
Total	1,048,083	993,020
Commercial Real Estate
Financing Receivable Recorded Investment Past Due [Line Items]
Loans Not Past Due	640,313	632,205
Total	640,313	632,205
SBA Loans-Real Estate
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due Loans	565	2,036
Loans Not Past Due	121,549	120,886
Total	122,114	122,922
SBA Loans—Non-Real Estate
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due Loans		162
Loans Not Past Due	74,219	9,792
Total	74,219	9,954
Commercial and Industrial
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due Loans		364
Loans Not Past Due	88,663	103,743
Total	88,663	104,107
Home Mortgage
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due Loans	454	2,434
Loans Not Past Due	120,682	118,727
Total	121,136	121,161
Consumer
Financing Receivable Recorded Investment Past Due [Line Items]
Loans Not Past Due	1,638	2,671
Total	1,638	2,671
30-59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due Loans	565	3,899
30-59 Days Past Due | SBA Loans-Real Estate
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due Loans	565	1,552
30-59 Days Past Due | SBA Loans—Non-Real Estate
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due Loans		3
30-59 Days Past Due | Commercial and Industrial
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due Loans		364
30-59 Days Past Due | Home Mortgage
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due Loans		1,980
60-89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due Loans		126
60-89 Days Past Due | SBA Loans—Non-Real Estate
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due Loans		126
> 90 Days Pass Due
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due Loans	454	971
> 90 Days Pass Due | SBA Loans-Real Estate
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due Loans		484
> 90 Days Pass Due | SBA Loans—Non-Real Estate
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due Loans		33
> 90 Days Pass Due | Home Mortgage
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due Loans	$ 454	$ 454

Loans - Schedule of Risk Catego

Loans - Schedule of Risk Category of Loans by Class of Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Financing Receivable Recorded Investment [Line Items]
Loans	$ 1,048,083	$ 993,020
Commercial Real Estate
Financing Receivable Recorded Investment [Line Items]
Loans	640,313	632,205
SBA Loans-Real Estate
Financing Receivable Recorded Investment [Line Items]
Loans	122,114	122,922
SBA Loans—Non-Real Estate
Financing Receivable Recorded Investment [Line Items]
Loans	74,219	9,954
Commercial and Industrial
Financing Receivable Recorded Investment [Line Items]
Loans	88,663	104,107
Home Mortgage
Financing Receivable Recorded Investment [Line Items]
Loans	121,136	121,161
Consumer
Financing Receivable Recorded Investment [Line Items]
Loans	1,638	2,671
Pass
Financing Receivable Recorded Investment [Line Items]
Loans	1,040,619	983,745
Pass | Commercial Real Estate
Financing Receivable Recorded Investment [Line Items]
Loans	640,313	632,205
Pass | SBA Loans-Real Estate
Financing Receivable Recorded Investment [Line Items]
Loans	120,567	120,116
Pass | SBA Loans—Non-Real Estate
Financing Receivable Recorded Investment [Line Items]
Loans	74,082	9,781
Pass | Commercial and Industrial
Financing Receivable Recorded Investment [Line Items]
Loans	83,572	98,509
Pass | Home Mortgage
Financing Receivable Recorded Investment [Line Items]
Loans	120,447	120,463
Pass | Consumer
Financing Receivable Recorded Investment [Line Items]
Loans	1,638	2,671
Special Mention
Financing Receivable Recorded Investment [Line Items]
Loans	4,654	5,811
Special Mention | SBA Loans-Real Estate
Financing Receivable Recorded Investment [Line Items]
Loans	761	770
Special Mention | SBA Loans—Non-Real Estate
Financing Receivable Recorded Investment [Line Items]
Loans	13	140
Special Mention | Commercial and Industrial
Financing Receivable Recorded Investment [Line Items]
Loans	3,880	4,901
Substandard
Financing Receivable Recorded Investment [Line Items]
Loans	2,810	3,464
Substandard | SBA Loans-Real Estate
Financing Receivable Recorded Investment [Line Items]
Loans	786	2,036
Substandard | SBA Loans—Non-Real Estate
Financing Receivable Recorded Investment [Line Items]
Loans	124	33
Substandard | Commercial and Industrial
Financing Receivable Recorded Investment [Line Items]
Loans	1,211	697
Substandard | Home Mortgage
Financing Receivable Recorded Investment [Line Items]
Loans	$ 689	$ 698

Loans - Schedule of Risk Cate_2

Loans - Schedule of Risk Category of Loans by Class of Loans (Parenthetical) (Details) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Substandard
Financing Receivable Recorded Investment Past Due [Line Items]
Loans, net of unsold guarantee	$ 0	$ 3,100,000

Leases - Additional Information

Leases - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Lessee Lease Description [Line Items]
Lease renewal term	5 years		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 five years.
Operating lease liabilities	$ 9,282,000		$ 9,282,000		$ 10,126,000
Operating right-of-use assets	7,517,000		7,517,000		$ 8,254,000
Operating lease rent expense	$ 628,000	$ 616,000	$ 1,300,000	$ 1,200,000
Minimum
Lessee Lease Description [Line Items]
Remaining operating lease terms	1 year		1 year
Maximum
Lessee Lease Description [Line Items]
Remaining operating lease terms	9 years		9 years

Leases - Summary of Lease Cost

Leases - Summary of Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Leases [Abstract]
Operating lease cost	$ 444	$ 440	$ 888	$ 843
Variable lease cost	194	176	378	337
Total lease cost	$ 638	$ 616	$ 1,266	$ 1,180

Leases - Summary of Supplementa

Leases - Summary of Supplemental Information Related to Operating Leases (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Leases [Abstract]
Operating right-of-use assets	$ 7,517		$ 7,517		$ 8,254
Operating lease liabilities	$ 9,282		$ 9,282		$ 10,126
Weighted average remaining lease term - operating leases	5 years 1 month 6 days		5 years 1 month 6 days		5 years 8 months 12 days
Weighted average discount rate - operating leases	2.98%		2.98%		2.98%
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 495	$ 479	$ 995	$ 915

Leases - Summary of Remaining C

Leases - Summary of Remaining Contractually Obligated Lease Payments and Reconciliation to Lease Liability (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Leases [Abstract]
2020 remaining	$ 1,013
2021	2,039	$ 2,001
2022	2,028	2,032
2023	1,816	2,028
2024	1,701	1,816
2024		1,702
Thereafter		1,641
Thereafter	1,641
Total lease payments	10,238	11,220
Discount to present value	(956)	(1,094)
Total lease liability	$ 9,282	$ 10,126

Leases - Summary of Remaining_2

Leases - Summary of Remaining Contractually Obligated Lease Payments and Reconciliation to Lease Liability (Prior Period) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Leases [Abstract]
2020	$ 2,039	$ 2,001
2022	2,028	2,032
2023	1,816	2,028
2024	1,701	1,816
2024		1,702
Thereafter		1,641
Total lease payments	10,238	11,220
Discount to present value	(956)	(1,094)
Total lease liability	$ 9,282	$ 10,126

Premises and Equipment - Schedu

Premises and Equipment - Schedule of Premises and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Property Plant And Equipment [Line Items]
Total cost	$ 12,463	$ 12,159
Accumulated depreciation	(7,582)	(6,933)
Net book value	4,881	5,226
Leasehold Improvements
Property Plant And Equipment [Line Items]
Total cost	6,734	6,571
Furniture and Fixtures
Property Plant And Equipment [Line Items]
Total cost	3,233	3,174
Equipment and Others
Property Plant And Equipment [Line Items]
Total cost	$ 2,496	$ 2,414

Premises and Equipment - Additi

Premises and Equipment - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Property Plant And Equipment [Abstract]
Depreciation expense	$ 325,000	$ 270,000	$ 655,000	$ 538,000

Servicing Assets - Schedule of

Servicing Assets - Schedule of Activity for Loan Servicing Assets (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Servicing Asset [Abstract]
Beginning balance	$ 6,963	$ 7,046	$ 7,024	$ 6,987
Additions	363	538	769	1,000
Amortized to expense	(354)	(588)	(821)	(991)
Ending balance	$ 6,972	$ 6,996	$ 6,972	$ 6,996

Servicing Assets - Additional I

Servicing Assets - Additional Information (Details) - USD ($)	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Servicing Assets At Amortized Value [Line Items]
Valuation allowance against carrying value of servicing assets	$ 0	$ 0
Servicing asset at fair value, amount	$ 8,200,000	$ 8,500,000
Minimum
Servicing Assets At Amortized Value [Line Items]
Fair value of servicing assets, discount rates	5.40%	1.80%
Fair value of servicing assets, prepayment speed	14.90%	12.80%
Maximum
Servicing Assets At Amortized Value [Line Items]
Fair value of servicing assets, discount rates	11.90%	10.00%
Fair value of servicing assets, prepayment speed	15.10%	13.80%

Deposits - Schedule of Maturiti

Deposits - Schedule of Maturities of Time Deposits (Details) $ in Thousands	Jun. 30, 2020USD ($)
Deposits [Abstract]
2020 remaining	$ 239,692
2021	149,933
2022	1,996
2023	1,077
2024	498
Thereafter	75
Total	$ 393,271

Deposits - Additional Informati

Deposits - Additional Information (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Principal Officers, Directors, and Affiliates
Time Deposits [Line Items]
Deposits from principal officers, directors, and their affiliates	$ 1.4	$ 1.6

Borrowing Arrangements - Additi

Borrowing Arrangements - Additional Information (Details)	Jun. 30, 2020USD ($)
Debt Disclosure [Abstract]
Federal home loan bank borrowings	$ 10,000,000
Letter of credit	67,000,000
Collateral pledged	$ 856,700,000

Borrowing Arrangements - Summar

Borrowing Arrangements - Summary of Borrowings Available to the Company from Institutions (Details) $ in Thousands	Jun. 30, 2020USD ($)
Debt Disclosure [Line Items]
Amount of borrowings	$ 407,049
Federal Home Loan Bank—San Francisco
Debt Disclosure [Line Items]
Amount of borrowings	245,845
Federal Reserve Bank
Debt Disclosure [Line Items]
Amount of borrowings	128,204
Pacific Coast Bankers Bank
Debt Disclosure [Line Items]
Amount of borrowings	8,000
Zions Bank
Debt Disclosure [Line Items]
Amount of borrowings	$ 25,000

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Income tax expense	$ 972,000	$ 1,229,000	$ 2,135,000	$ 2,747,000
Effective income tax rate	28.70%	24.30%	27.20%	24.30%
Unrealized tax benefits	$ 0	$ 0	$ 0	$ 0

Commitments and Contingencies -

Commitments and Contingencies - Summary of Distribution of Undisbursed Loan Commitments (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Undisbursed loan commitments	$ 87,384	$ 74,641
Commitments to Extend Credit
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Undisbursed loan commitments	77,483	66,153
Standby Letter of Credit
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Undisbursed loan commitments	9,213	7,377
Commercial Letter of Credit
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Undisbursed loan commitments	$ 688	$ 1,111

Commitments and Contingencies_2

Commitments and Contingencies - Balance and Total Unfunded Commitments Related to Investment in Low Income Housing Partnerships (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Commitments And Contingencies Disclosure [Abstract]
Investments in low income housing partnerships	$ 5,035	$ 1,719
Unfunded commitments to fund investments for low income housing partnerships	$ 2,737	$ 70

Commitments and Contingencies_3

Commitments and Contingencies - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Commitments And Contingencies Disclosure [Abstract]
Recognized amortization expense	$ 107,000	$ 55,000	$ 161,000	$ 109,000
Recognized tax credits and other benefits	$ 99,000	$ 51,000	$ 149,000	$ 101,000

Stock-based Compensation - Addi

Stock-based Compensation - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2013	Dec. 31, 2012
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share based compensation expense	$ 336,000	$ 339,000	$ 694,000	$ 716,000
2005 Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation shares authorized under stock option plans	770,000		770,000
Percent of the fair value options granted			100.00%
Shares available for grant	0		0
Weighted average remaining contractual term stock options outstanding			3 years 1 month 24 days
Weighted average remaining contractual life for options exercisable			3 years 1 month 24 days
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
2010 Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation shares authorized under stock option plans	95,427		95,427		2,500,000	1,350,000
Percent of the fair value options granted			100.00%
Weighted average remaining contractual term stock options outstanding			3 years 2 months 23 days
Weighted average remaining contractual life for options exercisable			3 years 1 month 28 days
Number of options outstanding, Granted			0	0
Unrecognized compensation costs related to unvested stock options	$ 947,000		$ 947,000
Unrecognized compensation costs weighted average period			9 months 7 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	3,000
Weighted average fair value of Restricted shares granted				$ 8.15

Stock-based Compensation - Summ

Stock-based Compensation - Summary of Stock-based Compensation Stock Options Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
2005 Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of options outstanding, Beginning of period	155,000
Number of options outstanding, Exercised	(55,000)
Number of options outstanding, Ending of period	100,000
Number of options outstanding, Full vested and expected to vest	100,000
Number of options outstanding, Vested	100,000
Weighted average exercise price, Outstanding beginning	$ 4.70
Weighted average exercise price, Exercised	1.15
Weighted average exercise price, Outstanding ending	5.77
Weighted average exercise price, Full vested and expected to vest	5.77
Weighted average exercise price, Vested	$ 5.77
Aggregate intrinsic value, Outstanding	$ 171
Aggregate intrinsic value, Fully vested and expected to vest	171
Aggregate intrinsic value, Vested	$ 171
2010 Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of options outstanding, Beginning of period	365,000
Number of options outstanding, Granted	0	0
Number of options outstanding, Exercised	(115,000)
Number of options outstanding, Ending of period	250,000
Number of options outstanding, Full vested and expected to vest	242,500
Number of options outstanding, Vested	220,000
Weighted average exercise price, Outstanding beginning	$ 5.78
Weighted average exercise price, Exercised	2.11
Weighted average exercise price, Outstanding ending	7.12
Weighted average exercise price, Full vested and expected to vest	7.10
Weighted average exercise price, Vested	$ 7
Aggregate intrinsic value, Outstanding	$ 175
Aggregate intrinsic value, Fully vested and expected to vest	175
Aggregate intrinsic value, Vested	$ 175

Stock-based Compensation - Su_2

Stock-based Compensation - Summary of Information Related to Stock Option Plan (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Cash received from option exercises			$ 305	$ 292
2005 Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Intrinsic value of options exercised			370	387
Cash received from option exercises			63	107
Tax benefit realized from option exercised			17
2010 Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Intrinsic value of options exercised	$ 89	$ 695	608	1,090
Cash received from option exercises			242	185
Tax benefit realized from option exercised	23	183	157	285
2010 Plan | Restricted Stock Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Tax benefit(expense) realized from awards vested	$ (3)	$ 3	$ (3)	$ 3

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	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares issued, Non-vested beginning of period	294,500
Shares issued, Awards granted	0	3,000
Shares issued, Awards vested	(10,000)
Shares issued, Non-vested end of period	284,500
Weighted average grant date fair value, Non-vested beginning of period	$ 9.20
Weighted average grant date fair value, Awards vested	8
Weighted average grant date fair value, Non-vested end of period	$ 9.24
Aggregate intrinsic value, Non-vested end of year	$ 1,963

Employee Benefit Plan - Additio

Employee Benefit Plan - Additional Information (Details) - 401 (k) Plan - USD ($)	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Defined Contribution Plan Disclosure [Line Items]
Eligibility age of employees for plan	18 years
Employee minimum service period	90 days
Employer contribution amount	$ 356,000	$ 293,000

Revenue Recognition - Additiona

Revenue Recognition - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Disaggregation Of Revenue [Line Items]
Service charges on deposits	$ 230,000	$ 499,000	$ 598,000	$ 1,026,000
Noninterest income	$ 2,062,000	$ 2,647,000	4,358,000	6,179,000
Service Fees and Transaction-Based Fees Income
Disaggregation Of Revenue [Line Items]
Service charges on deposits			$ 324,000	$ 362,000
Percentage on revenue			1.20%	1.30%
Overdraft and NSF Fees Income
Disaggregation Of Revenue [Line Items]
Service charges on deposits			$ 274,000	$ 500,000
Percentage on revenue			1.00%	1.80%
Wire Transfer Fee Income
Disaggregation Of Revenue [Line Items]
Percentage on revenue			0.50%	0.60%
Noninterest income			$ 131,000	$ 165,000

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	Jun. 30, 2020	Dec. 31, 2019
Other investments:
Mutual fund - CRA qualified	$ 3,754	$ 3,628
Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
U.S. Government sponsored agency securities	2,020	5,001
Mortgage-backed securities - residential	20,335	15,641
Collateralized mortgage obligations	53,047	35,907
Other investments:
Mutual fund - CRA qualified	3,754	3,628
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets (Level 1)
Other investments:
Mutual fund - CRA qualified	3,754	3,628
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	2,020	5,001
Mortgage-backed securities - residential	20,335	15,641
Collateralized mortgage obligations	$ 53,047	$ 35,907

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Additional Information (Details) - USD ($)	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair value assets transfers between level 1 to level 2	$ 0		$ 0
Fair value liabilities transfers between level 1 to level 2	0		$ 0
Fair Value, Non-recurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets measured at fair value	0	$ 0
Liabilities measured at fair value	$ 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	Jun. 30, 2020	Dec. 31, 2019
Financial Assets:
Cash and cash equivalents	$ 112,217	$ 86,036
Loans held for sale	9,520	2,100
Loans receivable, net	1,038,059	1,009,490
Accrued interest receivable	4,823	3,166
Financial Liabilities:
Deposit	1,122,687	1,021,571
Accrued interest payable	1,964	2,686
Carrying Amount
Financial Assets:
Cash and cash equivalents	112,217	86,036
Loans held for sale	8,795	2,100
Loans receivable, net	1,030,742	980,088
Accrued interest receivable	4,823	3,166
Other investments:
FHLB and PCBB stock	6,233	5,548
Financial Liabilities:
Deposit	1,120,720	1,020,711
Accrued interest payable	1,964	2,686
Level 1
Financial Assets:
Cash and cash equivalents	112,217	86,036
Accrued interest receivable	9	41
Level 2
Financial Assets:
Loans held for sale	9,520	2,100
Accrued interest receivable	237	243
Financial Liabilities:
Deposit	1,122,687	1,021,571
Accrued interest payable	1,964	2,686
Level 3
Financial Assets:
Loans receivable, net	1,038,059	1,009,490
Accrued interest receivable	$ 4,577	$ 2,882

Regulatory Capital Matters - Ad

Regulatory Capital Matters - Additional Information (Details)	12 Months Ended
	Dec. 31, 2019	Jun. 30, 2020	Dec. 31, 2016
Regulatory Capital Requirements [Abstract]
Capital conservation buffer		2.50%	0.625%
Capital conservation buffer, percentage of annual increase until 2019	0.625%

Regulatory Capital Matters - Su

Regulatory Capital Matters - Summary of Actual and Required Capital Amounts and Ratios, Exclusive of Capital Conservation Buffer (Details) $ in Thousands	Jun. 30, 2020USD ($)	Dec. 31, 2019USD ($)
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Total capital (to risk-weighted assets), Actual Amount	$ 150,212	$ 150,092
Tier 1 capital (to risk-weighted assets), Actual Amount	137,818	139,975
Common equity Tier 1 capital (to risk-weighted assets), Actual Amount	137,818	139,975
Tier 1 capital (to average assets), Actual Amount	$ 137,818	$ 139,975
Total capital (to risk-weighted assets), Actual Ratio	0.1516	0.1518
Tier 1 capital (to risk-weighted assets), Actual Ratio	0.1391	0.1416
Common equity Tier 1 capital (to risk-weighted assets), Actual Ratio	0.1391	0.1416
Tier 1 capital (to average assets), Actual Ratio	0.1098	0.1214
Bank
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Total capital (to risk-weighted assets), Actual Amount	$ 148,803	$ 147,820
Tier 1 capital (to risk-weighted assets), Actual Amount	136,431	137,703
Common equity Tier 1 capital (to risk-weighted assets), Actual Amount	136,431	137,703
Tier 1 capital (to average assets), Actual Amount	$ 136,431	$ 137,703
Total capital (to risk-weighted assets), Actual Ratio	0.1504	0.1496
Tier 1 capital (to risk-weighted assets), Actual Ratio	0.1379	0.1393
Common equity Tier 1 capital (to risk-weighted assets), Actual Ratio	0.1379	0.1393
Tier 1 capital (to average assets), Actual Ratio	0.1087	0.1195
Total capital (to risk-weighted assets), Amount, Required for Capital Adequacy Purposes	$ 79,147	$ 79,069
Tier 1 capital (to risk-weighted assets), Amount, Required for Capital Adequacy Purposes	59,360	59,301
Common equity Tier 1 capital (to risk-weighted assets), Amount, Required for Capital Adequacy Purposes	44,520	44,476
Tier 1 capital (to average assets), Amount, Required for Capital Adequacy Purposes	$ 50,187	$ 46,103
Total capital (to risk-weighted assets), Ratio, Required for Capital Adequacy Purposes	0.0800	0.0800
Tier 1 capital (to risk-weighted assets), Ratio, Required for Capital Adequacy Purposes	0.0600	0.0600
Common equity Tier 1 capital (to risk-weighted assets), Ratio, Required for Capital Adequacy Purposes	0.0450	0.0450
Tier 1 capital (to average assets), Ratio, Required for Capital Adequacy Purposes	0.0400	0.0400
Total capital (to risk-weighted assets), Amount, Minimum To be Considered "Well Capitalized"	$ 98,933	$ 98,836
Tier 1 capital (to risk-weighted assets), Amount, Minimum To be Considered "Well Capitalized"	79,147	79,069
Common equity Tier 1 capital (to risk-weighted assets), Amount, Minimum To be Considered "Well Capitalized"	64,307	64,243
Tier 1 capital (to average assets), Amount, Minimum To be Considered "Well Capitalized"	$ 62,733	$ 57,629
Total capital (to risk-weighted assets), Ratio, Minimum To be Considered "Well Capitalized"	0.1000	0.1000
Tier 1 capital (to risk-weighted assets), Ratio, Minimum To be Considered "Well Capitalized"	0.0800	0.0800
Common equity Tier 1 capital (to risk-weighted assets), Ratio, Minimum To be Considered "Well Capitalized"	0.0650	0.0650
Tier 1 capital (to average assets), Ratio, Minimum To be Considered "Well Capitalized"	0.0500	0.0500

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				6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019
Basic
Net income	$ 2,416	$ 3,299	$ 3,836	$ 4,740	$ 5,715	$ 8,576
Undistributed earnings allocated to participating securities	(45)		(101)		(106)	(228)
Net income allocated to common shares	$ 2,371		$ 3,735		$ 5,609	$ 8,348
Weighted average common shares outstanding	15,072,423		15,685,478		15,279,486	15,750,905
Basic earnings per common share	$ 0.16		$ 0.24		$ 0.37	$ 0.53
Diluted
Net income allocated to common shares	$ 2,371		$ 3,735		$ 5,609	$ 8,348
Weighted average common shares outstanding	15,072,423		15,685,478		15,279,486	15,750,905
Add: Dilutive effects of assumed exercises of stock options	40,195		266,120		54,801	255,594
Average shares and dilutive potential common shares	15,112,618		15,951,598		15,334,287	16,006,499
Diluted earnings per common share	$ 0.16		$ 0.23		$ 0.37	$ 0.52

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive shares of common stock excluded from computation of earnings per share		0		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	222,000		222,000