OP Bancorp (OPBK) 10-Q 14 Nov 22 2022 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2022	Nov. 07, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2022
Document Transition Report	false
Entity File Number	001-38437
Entity Registrant Name	OP BANCORP
Entity Incorporation, State or Country Code	CA
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
Title of 12(b) Security	Common Stock, no par value
Trading Symbol	OPBK
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	true
Entity Small Business	true
Entity Ex Transition Period	true
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		15,199,840
Entity Central Index Key	0001722010
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Document Fiscal Year End Date	--12-31
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2022	Dec. 31, 2021
ASSETS
Cash and cash equivalents	$ 107,281,000	$ 115,459,000
Available-for-sale debt securities, at fair value	186,438,000	150,444,000
Other investments	12,074,000	10,999,000
Loans held for sale	36,642,000	89,428,000
Loans receivable, net of allowance of $18,369 in 2022 and $16,123 in 2021	1,599,649,000	1,297,896,000
Premises and equipment, net	4,383,000	4,355,000
Accrued interest receivable, net of allowance of $0 in 2022 and $205 in 2021	5,856,000	4,579,000
Servicing assets	12,889,000	12,720,000
Company owned life insurance	21,464,000	11,134,000
Deferred tax assets, net	17,296,000	8,409,000
Operating right-of-use assets	8,265,000	8,905,000
Other assets	17,338,000	12,363,000
Total assets	2,029,575,000	1,726,691,000
Deposits:
Noninterest bearing	794,631,000	774,754,000
Interest bearing:
Money market and others	524,911,000	380,226,000
Time deposits greater than $250,000	277,785,000	207,288,000
Other time deposits	219,484,000	171,798,000
Total deposits	1,816,811,000	1,534,066,000
Federal Home Loan Bank advances	10,000,000	0
Accrued interest payable	1,099,000	558,000
Operating lease liabilities	9,485,000	10,307,000
Other liabilities	22,085,000	16,538,000
Total liabilities	1,859,480,000	1,561,469,000
Shareholders’ equity
Preferred stock no par value; 10,000,000 shares authorized; no shares issued or outstanding in 2022 and 2021	0	0
Common stock – no par value; 50,000,000 shares authorized; 15,199,840 and 15,137,808 shares issued and outstanding in 2022 and 2021, respectively	78,782,000	78,718,000
Additional paid-in capital	9,424,000	8,645,000
Retained earnings	99,487,000	79,056,000
Accumulated other comprehensive loss	(17,598,000)	(1,197,000)
Total shareholders’ equity	170,095,000	165,222,000
Total liabilities and shareholders' equity	$ 2,029,575,000	$ 1,726,691,000

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Loans receivable, net of allowance	$ 18,369	$ 16,123
Accrued interest receivable, allowance	$ 0	$ 205
Preferred stock, par value (in dollars per share)	$ 0	$ 0
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	50,000,000	50,000,000
Common stock, shares, issued (in shares)	15,199,840	15,137,808
Common stock, shares, outstanding (in shares)	15,199,840	15,137,808

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
INTEREST INCOME
Interest and fees on loans	$ 21,780	$ 16,922	$ 58,145	$ 45,177
Interest on available-for-sale debt securities	881	269	2,114	723
Other interest income	573	164	1,067	436
Total interest income	23,234	17,355	61,326	46,336
Interest expense
Interest on deposits	2,890	766	4,613	2,406
Total interest expense	2,890	766	4,613	2,406
Net interest income	20,344	16,589	56,713	43,930
Provision for (reversal of) loan losses	662	(884)	1,999	(1,376)
Net interest income after provision for loan losses	19,682	17,473	54,714	45,306
NONINTEREST INCOME
Service charges on deposits	454	409	1,269	1,157
Loan servicing fees, net of amortization	610	599	1,711	1,432
Gain on sale of loans	3,490	2,188	10,601	5,280
Other income	267	346	815	859
Total noninterest income	4,821	3,542	14,396	8,728
NONINTEREST EXPENSE
Salaries and employee benefits	7,343	5,724	20,109	15,693
Occupancy and equipment	1,537	1,326	4,404	3,795
Data processing and communication	586	448	1,571	1,363
Professional fees	602	308	1,290	925
FDIC insurance and regulatory assessments	238	146	637	401
Promotion and advertising	177	175	531	528
Directors’ fees	170	183	537	427
Foundation donation and other contributions	875	842	2,542	1,989
Other expenses	810	367	1,882	1,153
Total noninterest expense	12,338	9,519	33,503	26,274
INCOME BEFORE INCOME TAX EXPENSE	12,165	11,496	35,607	27,760
Income tax expense	3,515	3,246	10,325	8,054
NET INCOME	$ 8,650	$ 8,250	$ 25,282	$ 19,706
EARNINGS PER SHARE - BASIC (in dollars per share)	$ 0.56	$ 0.54	$ 1.63	$ 1.29
EARNINGS PER SHARE - DILUTED (in dollars per share)	$ 0.55	$ 0.54	$ 1.62	$ 1.29

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Comprehensive Income [Abstract]
NET INCOME	$ 8,650	$ 8,250	$ 25,282	$ 19,706
Other comprehensive loss:
Change in unrealized loss on securities available for sale	(9,404)	(343)	(23,285)	(1,222)
Tax effect	2,780	102	6,884	361
Total other comprehensive loss	(6,624)	(241)	(16,401)	(861)
COMPREHENSIVE INCOME	$ 2,026	$ 8,009	$ 8,881	$ 18,845

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 (shares) at Dec. 31, 2020		15,016,700
Beginning balance at Dec. 31, 2020	$ 143,366	$ 78,657	$ 8,521	$ 55,348	$ 840
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	19,706			19,706
Other comprehensive loss	(861)				(861)
Stock issued under stock-based compensation plans (shares)		120,537
Stock issued under stock-based compensation plans	89	$ 89
Stock-based compensation, net	(30)		(30)
Repurchase of common stock (shares)		(3,830)
Repurchase of common stock	(28)	$ (28)
Cash dividends declared	(3,618)			(3,618)
Ending balance (shares) at Sep. 30, 2021		15,133,407
Ending balance at Sep. 30, 2021	158,624	$ 78,718	8,491	71,436	(21)
Beginning balance (shares) at Jun. 30, 2021		15,133,407
Beginning balance at Jun. 30, 2021	151,962	$ 78,718	8,324	64,700	220
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	8,250			8,250
Other comprehensive loss	(241)				(241)
Stock issued under stock-based compensation plans (shares)		0
Stock issued under stock-based compensation plans	0	$ 0
Stock-based compensation, net	$ 167		167
Repurchase of common stock (shares)	0
Repurchase of common stock	$ 0
Cash dividends declared	(1,514)			(1,514)
Ending balance (shares) at Sep. 30, 2021		15,133,407
Ending balance at Sep. 30, 2021	158,624	$ 78,718	8,491	71,436	(21)
Beginning balance (shares) at Dec. 31, 2021		15,137,808
Beginning balance at Dec. 31, 2021	165,222	$ 78,718	8,645	79,056	(1,197)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	25,282			25,282
Other comprehensive loss	(16,401)				(16,401)
Stock issued under stock-based compensation plans (shares)		62,032
Stock issued under stock-based compensation plans	(15)	$ 64	(79)
Stock-based compensation, net	$ 858		858
Repurchase of common stock (shares)	0
Repurchase of common stock	$ 0
Cash dividends declared	(4,851)			(4,851)
Ending balance (shares) at Sep. 30, 2022		15,199,840
Ending balance at Sep. 30, 2022	170,095	$ 78,782	9,424	99,487	(17,598)
Beginning balance (shares) at Jun. 30, 2022		15,189,203
Beginning balance at Jun. 30, 2022	169,492	$ 78,718	9,089	92,659	(10,974)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	8,650			8,650
Other comprehensive loss	(6,624)				(6,624)
Stock issued under stock-based compensation plans (shares)		10,637
Stock issued under stock-based compensation plans	64	$ 64
Stock-based compensation, net	$ 335		335
Repurchase of common stock (shares)	0
Repurchase of common stock	$ 0
Cash dividends declared	(1,822)			(1,822)
Ending balance (shares) at Sep. 30, 2022		15,199,840
Ending balance at Sep. 30, 2022	$ 170,095	$ 78,782	$ 9,424	$ 99,487	$ (17,598)

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (unaudited) (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Stockholders' Equity [Abstract]
Cash dividends declared (in dollars per share)	$ 0.12	$ 0.10	$ 0.32	$ 0.24

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash flows from operating activities
Net income	$ 25,282	$ 19,706
Adjustments to reconcile net income to net cash and cash equivalents provided by (used in) operating activities:
Provision for (reversal of) loan losses	1,999	(1,376)
Depreciation and amortization of premises and equipment	1,020	989
Amortization of net premiums on securities	546	707
Amortization of servicing assets	3,512	2,448
Accretion of loan discounts	(3,972)	(3,267)
Amortization of low income housing partnerships	584	405
Stock-based compensation	858	403
Deferred income taxes	(2,003)	356
Gain on sale of loans	(10,601)	(5,280)
Earnings on company owned life insurance	(330)	(191)
Net change in fair value of equity investment with readily determinable fair value	438	73
Origination of loans held for sale	(86,033)	(123,661)
Proceeds from sales of loans held for sale	161,287	59,545
Net change in:
Accrued interest receivable	(1,072)	631
Other assets	(11,068)	(3,668)
Accrued interest payable	541	(446)
Other liabilities	(229)	443
Net cash provided by operating activities	80,759	(52,183)
Cash flows from investing activities
Net change in loans receivable	(127,999)	(40,761)
Proceeds from matured, called, or paid-down securities available for sale	26,194	27,118
Purchase of company owned life insurance	(10,000)	0
Purchase of loans	(175,753)	(97,631)
Purchase of securities available for sale	(86,019)	(39,791)
Purchase of Federal Home Loan Bank stock	(1,477)	(963)
Purchase of premises and equipment, net	(1,048)	(644)
Investment in low income housing partnerships	(714)	(636)
Net cash used in investing activities	(376,816)	(153,308)
Cash flows from financing activities
Net change in deposits	282,745	296,316
Cash received from stock option exercises	64	89
Proceeds from Federal Home Loan Bank advances	10,000	0
Repayment of Federal Home Loan Bank advances	0	(5,000)
Repurchase of common stock	0	(28)
Cash dividend paid on common stock	(4,851)	(3,618)
Payments related to tax-withholding for vested restricted stock awards	(79)	(433)
Net cash provided by financing activities	287,879	287,326
Net change in cash and cash equivalents	(8,178)	81,835
Cash and cash equivalents at beginning of period	115,459	106,310
Cash and cash equivalents at end of period	107,281	188,145
Supplemental cash flow information
Income taxes	10,557	7,253
Interest	$ 5,890	$ 2,852

Business and Basis of Presentat

Business and Basis of Presentation	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Business and Basis of Presentation	Business and Basis of Presentation OP Bancorp is a California corporation that 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 OP Bancorp. OP Bancorp 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, OP Bancorp operates primarily in the traditional banking business arena that includes accepting deposits and making loans and investments. OP Bancorp’s primary deposit products are demand and time deposits, and the primary lending products are commercial business loans to small to medium sized businesses. OP Bancorp is operating with ten full-service branches. 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 the financial results for the interim periods presented, including eliminating intercompany transactions and balances. Certain items on the Consolidated Financial Statements and notes for prior years have been reclassified to conform to the 2022 presentation. 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 included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021 (“2021 Annual Report on Form 10-K”). Descriptions of our significant accounting policies are included in Note 1. Summary of Significant Accounting Policies in the Notes to Consolidated Financial Statements in the 2021 Annual Report on Form 10-K. Recent Accounting Pronouncements Not Yet Effective In March 2022, Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update ("ASU") 2022-02, Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures. ("ASU 2022-02"). ASU 2022-02 eliminates the accounting guidance for troubled debt restructurings in Accounting Standards Codification (“ASC”) Subtopic 310-40, Receivables - Troubled Debt Restructurings by Creditors, while enhancing disclosure requirements for certain loan refinancing and restructurings by creditors when a borrower is experiencing financial difficulty. Additionally, ASU 2022-02 requires entities to disclose current-period gross write-offs by year of origination for financing receivables and net investments in leases within the scope of ASC Subtopic 326-20, Financial Instruments - Credit Losses - Measured at Amortized Cost. ASU 2022-02 will be effective on January 1, 2023 though early adoption is permitted. The adoption of ASU 2022-02 is not expected to have a significant impact on our consolidated financial statements. In June 2016, Financial Accounting Standards Board (“FASB”) issued ASU 2016-13, Financial Instruments — Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. 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 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 recognized in other comprehensive income (loss). 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, the 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 in October 2019, the FASB voted to approve the proposed delay. . The Company has established a committee to oversee the implementation of ASU 2016-13 and has engaged a third-party software vendor to assist the Company to develop a new expected credit loss model. The Company has completed development of its methodologies, data gathering and validation, and initial testing of its models. The Company has commenced its parallel run in the third quarter of 2022 and is currently engaged in implementation activities, including model development documentation and model validation by a third-party adviser. The Company will continue to analyze model results and address any gaps arising from internal reviews, model validation, and subsequent parallel run during the fourth quarter of 2022. The Company expects to adopt ASU 2016-13 on January 1, 2023 without electing the fair value option on eligible financial instruments. ASU 2016-13 will be applied using a modified retrospective approach through a cumulative effect adjustment to retained earnings, except for debt securities that an other-than-temporary impairment had been previously recognized will be applied using the prospective transition approach. While the Company continues to evaluate the effects of ASU 2016-13 on its Consolidated Financial Statements, the Company expects that this ASU may result in an increase in the allowance for loan losses. The ultimate effect of this ASU will depend on the size, composition and credit quality of the loan portfolio, and economic conditions at the time of adoption.

Securities

Securities	9 Months Ended
	Sep. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Securities	Securities The following table summarizes the amortized cost, the corresponding amounts of gross unrealized gains and losses, and estimated fair value of available-for-sale ("AFS") debt securities as of September 30, 2022 and December 31, 2021: September 30, 2022 ($ in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U.S. Government agencies or sponsored agency securities: Residential mortgage-backed securities $ 49,249 $ — $ (5,942) $ 43,307 Residential collateralized mortgage obligations 162,173 1 (19,043) 143,131 Total AFS debt securities $ 211,422 $ 1 $ (24,985) $ 186,438 December 31, 2021 ($ in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U.S. Government agencies or sponsored agency securities: Residential mortgage-backed securities $ 37,555 $ 178 $ (321) $ 37,412 Residential collateralized mortgage obligations 114,588 253 (1,809) 113,032 Total AFS debt securities $ 152,143 $ 431 $ (2,130) $ 150,444 There were no sales of AFS debt securities during the three and nine months ended September 30, 2022 and 2021. The amortized cost and estimated fair value of AFS debt securities as of September 30, 2022, by contractual maturity, are shown below: ($ in thousands) Amortized Fair After one year through five years $ 921 $ 862 After five years through ten years 2,940 2,735 After ten years 207,561 182,841 Total AFS debt securities $ 211,422 $ 186,438 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. As of September 30, 2022 and 2021, 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 presents the fair value and the associated gross unrealized losses on AFS debt securities by length of time those individual securities in each category have been in a continuous loss as of September 30, 2022 and December 31, 2021: September 30, 2022 Less Than 12 Months 12 Months or Longer Total ($ in thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses U.S. Government agencies or sponsored agency securities: Residential mortgage-backed securities $ 28,829 $ (3,470) $ 14,479 $ (2,472) $ 43,308 $ (5,942) Residential collateralized mortgage obligations 98,297 (10,031) 38,359 (9,012) 136,656 (19,043) Total AFS debt securities $ 127,126 $ (13,501) $ 52,838 $ (11,484) $ 179,964 $ (24,985) December 31, 2021 Less Than 12 Months 12 Months or Longer Total ($ in thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses U.S. Government agencies or sponsored agency securities: Residential mortgage-backed securities $ 31,120 $ (321) $ — $ — $ 31,120 $ (321) Residential collateralized mortgage obligations 93,607 (1,578) 7,212 (231) 100,819 (1,809) Total AFS debt securities $ 124,727 $ (1,899) $ 7,212 $ (231) $ 131,939 $ (2,130) Management evaluates securities for other-than-temporary impairment (“OTTI”) on a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. For securities in an unrealized loss position, management considers the extent and duration of the unrealized loss, along with the financial condition and near-term prospects of the issuer. Management also assesses whether it intends to sell, or whether 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: (i) OTTI related to credit loss, which must be recognized in the income statement, and (ii) 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. The unrealized losses were primarily attributable to interest rate movement, not credit quality. These securities (Fannie Mae, Ginnie Mae, and Freddie Mac) are guaranteed or sponsored by agencies of the U.S. government, and the issuers of the securities are of high credit quality. The Company believes that the gross unrealized losses presented in the previous tables are temporary and no credit losses are expected. As a result, the Company expects full collection of the carrying amount of these securities, does not intend to sell the securities in an unrealized loss position, and it was more- likely-than-not the Company will not have to sell these securities prior to recovery of amortized cost. Accordingly, the Company does not consider these securities to be OTTI as of September 30, 2022. As of September 30, 2022 or December 31, 2021, there were no pledged securities to secure public deposits, borrowing and letters of credit from Federal Home Loan Bank ("FHLB") and the Board of Governors of the Federal Reserve System, and for other purposes required or permitted by law. The following table presents the other investment securities, which are included in Other investments on the Consolidated Balance Sheets as of September 30, 2022 and December 31, 2021: ($ in thousands) September 30, 2022 December 31, 2021 FHLB stock $ 8,483 $ 7,006 PCBB stock 190 190 Mutual fund - CRA qualified 3,306 3,708 Time deposits placed in other banks 95 95 Total other investments $ 12,074 $ 10,999 The Company has equity investment in a mutual fund with readily determinable fair value of $3.3 million and $3.7 million, as of September 30, 2022 and December 31, 2021, respectively, which is measured at fair value with changes in fair value recorded in net income. The Company invested in the mutual fund for CRA purposes. For the mutual fund, the Company recorded a $145 thousand and a $14 thousand unrealized loss for the three months ended September 30, 2022 and 2021, respectively, and a $438 thousand and a $73 thousand unrealized loss for the nine months ended September 30, 2022 and 2021, respectively. The unrealized gains (losses) of the mutual fund are included in Other income in the Consolidated Statements of Income.

Loans and Allowance for Loan Lo

Loans and Allowance for Loan Losses	9 Months Ended
	Sep. 30, 2022
Receivables [Abstract]
Loans and Allowance for Loan Losses	90 Days Past Due Total Past Due Loans Not Past Due Total (1) As of September 30, 2022 Commercial real estate $ — $ — $ — $ — $ 830,125 $ 830,125 SBA—real estate 70 — — 70 217,723 217,793 SBA—non-real estate 290 503 250 1,043 13,733 14,776 C&I — — — — 133,855 133,855 Home mortgage 1 342 844 1,187 418,282 419,469 Consumer — — — — 2,000 2,000 Total $ 361 $ 845 $ 1,094 $ 2,300 $ 1,615,718 $ 1,618,018 As of December 31, 2021 Commercial real estate $ — $ — $ — $ — $ 701,450 $ 701,450 SBA—real estate — — 419 419 219,680 220,099 SBA—non-real estate 76 336 881 1,293 54,466 55,759 C&I — — — — 162,543 162,543 Home mortgage — — 893 893 172,410 173,303 Consumer — — — — 865 865 Total $ 76 $ 336 $ 2,193 $ 2,605 $ 1,311,414 $ 1,314,019 (1) Excludes accrued interest receivables of $5.2 million and $4.4 million as of September 30, 2022, and December 31, 2021, respectively. Troubled Debt Restructurings : When, for economic or legal reasons related to a borrower’s financial difficulties, the Company grants a concession for other than an insignificant period of time to a borrower that the Company would not otherwise consider, the related loan is classified as a troubled debt restructuring (“TDR”), the balance of which totaled $288 thousand and $313 thousand as of September 30, 2022 and December 31, 2021, respectively. As of September 30, 2022 and December 31, 2021, the Company has allocated $288 thousand and $313 thousand of specific reserves to the loan classified as TDRs, respectively. The Company has not committed to lend any additional amounts to customers with outstanding loans that are classified as TDRs. Modifications made were primarily extensions of existing payment modifications on loans previously identified as TDRs. There were no new loans identified as TDRs during the three and nine months ended September 30, 2022 and 2021. There were no payment defaults during the nine months ended September 30, 2022 and 2021 of loans that had been modified as TDRs within the previous twelve months. Loan Payment Deferrals : As of September 30, 2022, there was no loan under COVID-19 loan payment modification. Paycheck Protection Program loans : A provision in the CARES Act created the PPP, which is administered by the SBA. The PPP was intended to provide loans to small businesses to pay expenses related to their employees, rent, mortgage interest, and utilities. The loans may be forgiven conditioned upon the client providing applicable documentation evidencing their compliant with the terms of the program, including compliance regarding the use of funds. The Bank is an approved SBA lender and began accepting applications for the program on April 3, 2020. As of September 30, 2022, the Company had loans outstanding with a carrying value of $1.1 million, which were recorded in the SBA – non-real estate. Since the PPP’s inception through September 30, 2022, the Company has funded $154.5 million, and $153.4 million of principal forgiveness has been provided on qualifying PPP loans. 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 as to 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 September 30, 2022 and December 31, 2021, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows: ($ in thousands) Pass Special Mention Substandard Doubtful Total (1) As of September 30, 2022 Commercial real estate $ 830,125 $ — $ — $ — $ 830,125 SBA loans—real estate 216,618 — 1,175 — 217,793 SBA loans—non-real estate 14,134 — 471 171 14,776 C&I 133,113 — 742 — 133,855 Home mortgage 418,486 — 983 — 419,469 Consumer 2,000 — — — 2,000 Total $ 1,614,476 $ — $ 3,371 $ 171 $ 1,618,018 As of December 31, 2021 Commercial real estate $ 701,450 $ — $ — $ — $ 701,450 SBA loans—real estate 218,408 — 1,691 — 220,099 SBA loans—non-real estate 54,762 — 966 31 55,759 C&I 162,230 — 313 — 162,543 Home mortgage 172,265 — 1,038 — 173,303 Consumer 865 — — — 865 Total $ 1,309,980 $ — $ 4,008 $ 31 $ 1,314,019 (1) Excludes accrued interest receivables of $5.2 million and $4.4 million as of September 30, 2022, and December 31, 2021, respectively." id="sjs-B4">Loans and Allowance for Loan Losses The following table presents the composition of the loan portfolio as of September 30, 2022 and December 31, 2021: ($ in thousands) September 30, 2022 December 31, 2021 Commercial real estate $ 830,125 $ 701,450 SBA loans—real estate 217,793 220,099 SBA loans—non-real estate (1) 14,776 55,759 Commercial and industrial ("C&I") 133,855 162,543 Home mortgage 419,469 173,303 Consumer 2,000 865 Gross loans receivable 1,618,018 1,314,019 Allowance for loan losses (18,369) (16,123) Loans receivable, net (2) $ 1,599,649 $ 1,297,896 (1) Includes SBA Paycheck Protection Program ("PPP") loans of $1.1 million and $40.6 million as of September 30, 2022 and December 31, 2021, respectively. (2) Includes net deferred loan fees or costs, unamortized premiums and unaccreted discounts of $2.9 million and $7.0 million as of September 30, 2022 and December 31, 2021, respectively. No loans were outstanding to related parties as of September 30, 2022 and December 31, 2021. The following table summarizes the activity in the allowance for loan losses by portfolio segment for the three and nine months ended September 30, 2022 and 2021: ($ in thousands) Commercial Real Estate SBA Loans— Real Estate SBA Loan s— Non- Real Estate C&I Home Mortgage Consumer Total Three Months Ended September 30, 2022 Beginning balance $ 7,743 $ 1,800 $ 135 $ 2,102 $ 5,913 $ 9 $ 17,702 (Reversal of) provision for loan losses (1) (895) (261) 7 291 1,521 (1) 662 Charge-offs — — — — — — — Recoveries — — 5 — — — 5 Ending balance $ 6,848 $ 1,539 $ 147 $ 2,393 $ 7,434 $ 8 $ 18,369 Three Months Ended September 30, 2021 Beginning balance $ 8,456 $ 1,997 $ 228 $ 2,286 $ 1,704 $ 16 $ 14,687 (Reversal of) provision for loan losses (1) (241) 99 (35) (332) (46) (2) (557) Charge-offs — — — — — — — Recoveries — — 3 — — 1 4 Ending balance $ 8,215 $ 2,096 $ 196 $ 1,954 $ 1,658 $ 15 $ 14,134 (1) There was no provision for uncollectible accrued interest receivable for the three months ended September 30, 2022. Excludes reversal of uncollectible accrued interest receivable of $327 thousand for the three months ended September 30, 2021. ($ in thousands) Commercial Real Estate SBA Loans— Real Estate SBA Loan s— Non- Real Estate C&I Home Mortgage Consumer Total Nine Months Ended September 30, 2022 Beginning balance $ 8,150 $ 2,022 $ 199 $ 2,848 $ 2,891 $ 13 $ 16,123 (Reversal of) provision for loan losses (1) (1,302) (476) (100) (455) 4,543 (6) 2,204 Charge-offs — (14) (18) — — — (32) Recoveries — 7 66 — — 1 74 Ending balance $ 6,848 $ 1,539 $ 147 $ 2,393 $ 7,434 $ 8 $ 18,369 Nine Months Ended September 30, 2021 Beginning balance $ 8,505 $ 1,802 $ 278 $ 2,563 $ 2,185 $ 19 $ 15,352 (Reversal of) provision for loan losses (1) (290) 294 (58) (609) (527) (8) (1,198) Charge-offs — — (27) — — — (27) Recoveries — — 3 — — 4 7 Ending balance $ 8,215 $ 2,096 $ 196 $ 1,954 $ 1,658 $ 15 $ 14,134 (1) Excludes reversal of uncollectible accrued interest receivable of $205 thousand and $178 thousand for the nine months ended September 30, 2022 and 2021, respectively. The following table presents the allowance for loan losses and recorded investment (not including accrued interest receivable) by portfolio segment and impairment methodology as of September 30, 2022 and December 31, 2021: ($ in thousands) Individually Evaluated for Impairment Collectively Evaluated for Impairment Total As of September 30, 2022 Allowance for loan losses (1) : Commercial real estate $ — $ 6,848 $ 6,848 SBA loans—real estate — 1,539 1,539 SBA loans—non-real estate — 147 147 C&I 288 2,105 2,393 Home mortgage — 7,434 7,434 Consumer — 8 8 Total $ 288 $ 18,081 $ 18,369 Loans (2) : Commercial real estate $ — $ 830,125 $ 830,125 SBA loans—real estate 411 217,382 217,793 SBA loans—non-real estate — 14,776 14,776 C&I 288 133,567 133,855 Home mortgage — 419,469 419,469 Consumer — 2,000 2,000 Total $ 699 $ 1,617,319 $ 1,618,018 As of December 31, 2021 Allowance for loan losses (1) : Commercial real estate $ — $ 8,150 $ 8,150 SBA loans—real estate — 2,022 2,022 SBA loans—non-real estate — 199 199 C&I 312 2,536 2,848 Home mortgage — 2,891 2,891 Consumer — 13 13 Total $ 312 $ 15,811 $ 16,123 Loans (2) : Commercial real estate $ — $ 701,450 $ 701,450 SBA loans—real estate 812 219,287 220,099 SBA loans—non-real estate — 55,759 55,759 C&I 312 162,231 162,543 Home mortgage — 173,303 173,303 Consumer — 865 865 Total $ 1,124 $ 1,312,895 $ 1,314,019 (1) There was no uncollectible accrued interest receivable as of September 30, 2022. Excludes allowance for uncollectible accrued interest receivable of $205 thousand as of December 31, 2021. (2) Excludes accrued interest receivables of $5.2 million and $4.4 million as of September 30, 2022, and December 31, 2021, respectively. The following table presents the recorded investment of individually impaired loans and the specific allowance for loan losses as of September 30, 2022 and December 31, 2021: September 30, 2022 (1) December 31, 2021 (1) ($ in thousands) Unpaid Principal Balance Recorded Recorded Related Unpaid Principal Balance Recorded Recorded Related SBA loans—real estate $ 411 $ 411 $ — $ — $ 812 $ 812 $ — $ — C&I 288 — 288 288 312 — 312 312 Total $ 699 $ 411 $ 288 $ 288 $ 1,124 $ 812 $ 312 $ 312 (1) The difference between the unpaid principal balance (net of partial charge-offs) and the recorded investment in the loans was not considered to be material. The following table presents the average recorded investment in impaired loans and the amount of interest income recognized on impaired loans by portfolio segment for the three and nine months ended September 30, 2022 and September 30, 2021. The difference between interest income recognized and cash basis interest recognized was immaterial. Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 ($ in thousands) Average Interest Average Interest Average Interest Average Interest SBA loans—real estate $ 411 $ — $ 540 $ — $ 405 $ — $ 450 $ — C&I 293 9 322 — 301 24 326 — Total $ 704 $ 9 $ 862 $ — $ 706 $ 24 $ 776 $ — The following table presents the recorded investment in nonaccrual loans and loans past due 90 or more days and still accruing interest, by portfolio as of September 30, 2022 and December 31, 2021: ($ in thousands) Nonaccrual 90 or More Days Past Due & Still Accruing Total As of September 30, 2022 SBA loans—real estate $ 411 $ — $ 411 SBA loans—non-real estate 568 — 568 C&I 288 — 288 Home mortgage 984 — 984 Total $ 2,251 $ — $ 2,251 As of December 31, 2021 SBA loans—real estate $ 812 $ — $ 812 SBA loans—non-real estate 837 200 1,037 C&I 313 — 313 Home mortgage 1,038 — 1,038 Total $ 3,000 $ 200 $ 3,200 Nonaccrual loans and loans past due 90 or more days and still accruing interest include both homogeneous loans that are collectively evaluated for impairment and individually classified impaired loans. The following table represents the aging analysis of the recorded investment in past due loans as of September 30, 2022 and December 31, 2021: ($ in thousands) 30-59 Days Past Due 60-89 Days Past Due > 90 Days Past Due Total Past Due Loans Not Past Due Total (1) As of September 30, 2022 Commercial real estate $ — $ — $ — $ — $ 830,125 $ 830,125 SBA—real estate 70 — — 70 217,723 217,793 SBA—non-real estate 290 503 250 1,043 13,733 14,776 C&I — — — — 133,855 133,855 Home mortgage 1 342 844 1,187 418,282 419,469 Consumer — — — — 2,000 2,000 Total $ 361 $ 845 $ 1,094 $ 2,300 $ 1,615,718 $ 1,618,018 As of December 31, 2021 Commercial real estate $ — $ — $ — $ — $ 701,450 $ 701,450 SBA—real estate — — 419 419 219,680 220,099 SBA—non-real estate 76 336 881 1,293 54,466 55,759 C&I — — — — 162,543 162,543 Home mortgage — — 893 893 172,410 173,303 Consumer — — — — 865 865 Total $ 76 $ 336 $ 2,193 $ 2,605 $ 1,311,414 $ 1,314,019 (1) Excludes accrued interest receivables of $5.2 million and $4.4 million as of September 30, 2022, and December 31, 2021, respectively. Troubled Debt Restructurings : When, for economic or legal reasons related to a borrower’s financial difficulties, the Company grants a concession for other than an insignificant period of time to a borrower that the Company would not otherwise consider, the related loan is classified as a troubled debt restructuring (“TDR”), the balance of which totaled $288 thousand and $313 thousand as of September 30, 2022 and December 31, 2021, respectively. As of September 30, 2022 and December 31, 2021, the Company has allocated $288 thousand and $313 thousand of specific reserves to the loan classified as TDRs, respectively. The Company has not committed to lend any additional amounts to customers with outstanding loans that are classified as TDRs. Modifications made were primarily extensions of existing payment modifications on loans previously identified as TDRs. There were no new loans identified as TDRs during the three and nine months ended September 30, 2022 and 2021. There were no payment defaults during the nine months ended September 30, 2022 and 2021 of loans that had been modified as TDRs within the previous twelve months. Loan Payment Deferrals : As of September 30, 2022, there was no loan under COVID-19 loan payment modification. Paycheck Protection Program loans : A provision in the CARES Act created the PPP, which is administered by the SBA. The PPP was intended to provide loans to small businesses to pay expenses related to their employees, rent, mortgage interest, and utilities. The loans may be forgiven conditioned upon the client providing applicable documentation evidencing their compliant with the terms of the program, including compliance regarding the use of funds. The Bank is an approved SBA lender and began accepting applications for the program on April 3, 2020. As of September 30, 2022, the Company had loans outstanding with a carrying value of $1.1 million, which were recorded in the SBA – non-real estate. Since the PPP’s inception through September 30, 2022, the Company has funded $154.5 million, and $153.4 million of principal forgiveness has been provided on qualifying PPP loans. 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 as to 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 September 30, 2022 and December 31, 2021, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows: ($ in thousands) Pass Special Mention Substandard Doubtful Total (1) As of September 30, 2022 Commercial real estate $ 830,125 $ — $ — $ — $ 830,125 SBA loans—real estate 216,618 — 1,175 — 217,793 SBA loans—non-real estate 14,134 — 471 171 14,776 C&I 133,113 — 742 — 133,855 Home mortgage 418,486 — 983 — 419,469 Consumer 2,000 — — — 2,000 Total $ 1,614,476 $ — $ 3,371 $ 171 $ 1,618,018 As of December 31, 2021 Commercial real estate $ 701,450 $ — $ — $ — $ 701,450 SBA loans—real estate 218,408 — 1,691 — 220,099 SBA loans—non-real estate 54,762 — 966 31 55,759 C&I 162,230 — 313 — 162,543 Home mortgage 172,265 — 1,038 — 173,303 Consumer 865 — — — 865 Total $ 1,309,980 $ — $ 4,008 $ 31 $ 1,314,019 (1) Excludes accrued interest receivables of $5.2 million and $4.4 million as of September 30, 2022, and December 31, 2021, respectively.

Premises and Equipment

Premises and Equipment	9 Months Ended
	Sep. 30, 2022
Property, Plant and Equipment [Abstract]
Premises and Equipment	Premises and Equipment The following table presents information regarding the premises and equipment as of September 30, 2022 and December 31, 2021: ($ in thousands) September 30, 2022 December 31, 2021 Leasehold improvements $ 7,824 $ 7,375 Furniture and fixtures 3,880 3,530 Equipment and others 3,204 2,955 Total premises and equipment 14,908 13,860 Accumulated depreciation (10,525) (9,505) Total premises and equipment, net $ 4,383 $ 4,355

Servicing Assets

Servicing Assets	9 Months Ended
	Sep. 30, 2022
Servicing Asset [Abstract]
Servicing Assets	Servicing Assets The Company recognizes the right to service SBA loans for others as servicing assets when the servicing income the Company receives is more than adequate compensation. Servicing assets are accounted for using the amortization method. Under this method, the Company amortizes the servicing assets over the period of the economic life of the assets arising from estimated net servicing revenue. The Company periodically stratifies its servicing assets into groupings based on risk characteristics and assesses each group for impairment based on fair value. Based on the results of the impairment test, there was no valuation allowance for impairment as of September 30, 2022 and December 31, 2021. The following table presents an analysis of the changes in activity for loan servicing assets during the three and nine months ended September 30, 2022 and 2021: Three Months Ended September 30, Nine Months Ended September 30, ($ in thousands) 2022 2021 2022 2021 Beginning balance $ 12,341 $ 12,903 $ 12,720 $ 7,360 Additions from loans sold with servicing retained 1,532 533 3,681 1,380 Additions from purchase of servicing rights — 6,097 Amortized to expense (984) (1,047) (3,512) (2,448) Ending balance $ 12,889 $ 12,389 $ 12,889 $ 12,389 The fair value of the servicing assets was $17.3 million as of September 30, 2022, which was determined using discount rates ranging from 4.83% to 10.3% and prepayment speeds ranging from 13.0% to 13.3%, depending on the stratification of the specific assets. The fair value of the servicing assets was $15.1 million as of September 30, 2021, which was determined using discount rates ranging from 3.8% to 10.0% and prepayment speeds ranging from 14.3% to 14.7% depending on the stratification of the specific assets.

Deposits

Deposits	9 Months Ended
	Sep. 30, 2022
Deposits [Abstract]
Deposits	DepositsTime deposits that exceed the FDIC insurance limit of $250 thousand as of September 30, 2022 and December 31, 2021 were $277.8 million and $207.3 million, respectively. The following table presents the scheduled contractual maturities of time deposits as of September 30, 2022: ($ in thousands) Remainder of 2022 $ 127,992 2023 361,488 2024 6,110 2025 1,153 2026 and thereafter 526 Total $ 497,269 Deposits from principal officers, directors, and their affiliates as of September 30, 2022 and December 31, 2021 were $1.4 million and $1.2 million, respectively.

Borrowing Arrangements

Borrowing Arrangements	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Borrowing Arrangements	Borrowing Arrangements As of September 30, 2022, the Company had $10.0 million borrowings from the FHLB of San Francisco compared to no borrowings as of December 31, 2021. The Company has a letter of credit with the FHLB in the amount of $67.0 million to secure a public deposit as of both September 30, 2022 and December 31, 2021. The Company had available borrowings from the following institutions as of September 30, 2022: ($ in thousands) FHLB—San Francisco $ 406,523 Federal Reserve Bank 179,942 Pacific Coast Bankers Bank 50,000 Zions Bank 25,000 First Horizon Bank 25,000 Total $ 686,465 The Company has pledged approximately $1.14 billion and $958.3 million of loans as collateral for these lines of credit as of September 30, 2022 and December 31, 2021, respectively.

Income Tax

Income Tax	9 Months Ended
	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Income Tax	Income Tax The Company’s income tax expense was $3.5 million and $3.2 million for the three months ended September 30, 2022 and 2021, respectively, and $10.3 million and $8.1 million for the nine months ended September 30, 2022 and 2021, respectively. The effective income tax rate was 28.9% and 28.2% for the three months ended September 30, 2022 and 2021, respectively and 29.0% and 29.0% for the nine months ended September 30, 2022 and 2021, 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 2018 and for state taxing authorities for tax years prior to 2017. There were no significant unrealized tax benefits recorded as of September 30, 2022 and 2021, and the Company does not expect any significant increase in unrealized tax benefits in the next twelve months.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Off-Balance-Sheet Credit Risk : In the normal course of business, the Company enters into commitments to extend credit such as loan commitments and standby letters of credits (“SBLC”s). These commitments expose the Company to varying degrees of credit and market risk and are subject to the same credit and market risk limitation reviews as those instruments recorded on the Consolidated Balance Sheets. Loan commitments represent arrangements to lend funds or provide liquidity subject to specified contractual conditions. Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. These commitments generally have fixed expiration dates or contain termination clauses in the event the customer’s credit quality deteriorates. Since many of the commitments are expected to expire without being drawn upon, the commitment amounts do not necessarily represent future funding requirements. The Company applies the same credit underwriting criteria to extend loans and commitments to customers. Each customer’s credit worthiness is evaluated on a case-by-case basis. Collateral may be obtained based on management’s assessment of a customer’s credit. Collateral may include securities, accounts receivable, inventory, property, plant and equipment, and income producing commercial or other properties. The following table presents the distribution of undisbursed credit-related commitments as of September 30, 2022 and December 31, 2021: ($ in thousands) September 30, 2022 December 31, 2021 Loan commitments $ 186,291 $ 116,511 Standby letter of credit 6,467 4,477 Commercial letter of credit 980 1,028 Total undisbursed credit related commitments $ 193,738 $ 122,016 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 : The Company invests in qualified affordable housing partnerships. The following table shows the balance of the investments in low-income housing partnerships and the total unfunded commitments related to the investments in low-income housing partnerships as of September 30, 2022 and December 31, 2021: ($ in thousands) September 30, 2022 December 31, 2021 Investments in low-income housing partnerships $ 12,326 $ 7,911 Unfunded commitments to fund investments for low-income housing partnerships $ 9,111 $ 4,825 These balances are reflected in the other assets and other liabilities lines on the Consolidated Balance Sheets. The Company expects to finish fulfilling these commitments during the year ending 2039. Under the proportional amortization method, the Company amortizes the initial cost of the investment in proportion to the tax credit and other benefits received and recognizes the amortization in income tax expense on the Consolidated Statements of Income. The Company recognized amortization expense of $210 thousand and $151 thousand for the three months ended September 30, 2022 and 2021, respectively, and $584 thousand and $405 thousand for the nine months ended September 30, 2022 and 2021, respectively. Additionally, the Company recognized tax credits and other benefits from the investments in low-income housing partnerships of $266 thousand and $190 thousand for the three months ended September 30, 2022 and 2021, respectively, and $738 thousand and $506 thousand for the nine months ended September 30, 2022 and 2021, respectively.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation The Company has three stock-based compensation plans currently in effect as of September 30, 2022, as described further below. Total compensation cost that has been charged against earnings for these plans for the three months ended September 30, 2022 and 2021 was $335 thousand and $167 thousand, respectively, and $858 thousand and $403 thousand for the nine months ended September 30, 2022 and 2021, respectively. 2005 Plan : In 2005, the Board of Directors and shareholders of the Bank approved a stock option plan for the benefit of directors and employees of the Bank (the “2005 Plan”). The 2005 Plan was assumed by the Company in 2016 at the time of the bank holding company reorganization. Under the 2005 Plan, the Bank was authorized to grant options to purchase up to 770,000 shares of the Company’s common stock. The exercise prices of the options may not be less than 100% of the fair value of the Company’s common stock at the date of grant. The options, when granted, vest either immediately or ratably over five years from the date of the grant and expire after ten years if not exercised. The 2005 Plan expired in 2015, and no future grants can be made under the 2005 Plan. A summary of the transactions under the 2005 Plan for the nine months ended September 30, 2022 is as follows: ($ in thousands, except share data) Number of Weighted Aggregate Outstanding, as of January 1, 2022 52,000 $ 6.37 $ 333 Options granted — — Options exercised (12,000) 5.33 Options forfeited — — Options expired — — Outstanding, as of September 30, 2022 40,000 $ 6.24 $ 195 Fully vested and expected to vest 40,000 $ 6.24 $ 195 Vested 40,000 $ 6.24 $ 195 Information related to the 2005 Plan for the periods indicated follows: Three Months Ended September 30, Nine Months Ended September 30, ($ in thousands) 2022 2021 2022 2021 Intrinsic value of options exercised $ 60 $ — $ 60 $ 174 Cash received from option exercises $ 64 $ — $ 64 $ 64 Tax benefit realized from option exercised $ 2 $ — $ 2 $ 20 The weighted average remaining contractual term of stock options outstanding under the 2005 Plan as of September 30, 2022 was 0.97 years. The weighted average remaining contractual term of stock options that were exercisable as of September 30, 2022 was 0.97 years. All of the stock options that are outstanding under the 2005 Plan were fully vested as of September 30, 2022. 2010 Plan : In 2010, the Board of Directors of the Bank approved a new equity incentive plan for granting stock options and restricted stock awards to key employees, officers, and non-employee directors of the Bank (the “2010 Plan”). In 2013, the 2010 Plan was amended and approved by the shareholders to increase the number of shares authorized to be issued under from 1,350,000 shares to 2,500,000 shares of common stock. The 2010 Plan was assumed by the Company in 2016 at the time of the bank holding company reorganization. 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. The 2010 Plan expired in August 2020, and no further grants can be made under the 2010 Plan. Restricted stock awards issued under the 2010 Plan may or may not be subject to vesting provisions. 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 the stock options outstanding under the 2010 Plan for the nine months ended September 30, 2022 is as follows: ($ in thousands, except share data) Number of Weighted Aggregate Outstanding, as of January 1, 2022 210,000 $ 8.00 $ 1,000 Options granted — — Options exercised — — Options forfeited — — Options expired — — Outstanding, as of September 30, 2022 210,000 $ 8.00 $ 655 Fully vested and expected to vest 210,000 $ 8.00 $ 655 Vested 210,000 $ 8.00 $ 655 Information related to stock options exercised under the 2010 Plan for the periods indicated follows: Three Months Ended September 30, Nine Months Ended September 30, ($ in thousands) 2022 2021 2022 2021 Intrinsic value of options exercised $ — $ — $ — $ 86 Cash received from option exercises $ — $ — $ — $ 25 Tax benefit realized from option exercised $ — $ — $ — $ — The weighted average remaining contractual term of stock options outstanding as of September 30, 2022 was 1.50 years. The weighted average remaining contractual term of stock options that were exercisable as of September 30, 2022 was 1.50 years. A summary of the changes in the Company's non-vested restricted stock awards under the 2010 Plan for the nine months ended September 30, 2022 is as follows: ($ in thousands, except share data) Shares Issued Weighted Average Grant Date Fair Value Aggregate Non-vested, as of January 1, 2022 21,000 $ 7.95 $ 268 Awards granted — — Awards vested — — Awards forfeited (6,500) 6.37 Non-vested, as of September 30, 2022 14,500 $ 8.66 $ 161 Information related to vested restricted stock awards under the 2010 Plan for the periods indicated follows: Three Months Ended September 30, Nine Months Ended September 30, ($ in thousands) 2022 2021 2022 2021 Tax (provision) benefit realized from awards vested $ — $ — $ — $ (85) As of September 30, 2022, the Company had approximately $27 thousand of unrecognized compensation cost related to unvested restricted stock awards under the 2010 Plan. The Company expects to recognize these costs over a weighted average period of 1.70 years. 2021 Plan : In 2021, the Board of Directors of the Company approved a new equity incentive plan for granting stock options and restricted stock awards to key employees, officers, and non-employee directors of the Company and the Bank (the “2021 Plan”). The 2021 Plan was approved by the Company’s shareholders at the 2021 Annual Meeting. The number of shares authorized to be issued under the 2021 Plan was 1,500,000 shares of the Company’s common stock. The exercise prices of stock options granted under the plan may not be less than 100.00% of the fair value of the Company’s stock at the date of grant. There are no stock options granted under the 2021 Plan as of September 30, 2022. Restricted stock awards issued under the 2021 Plan may or may not be subject to vesting provisions. Owners of the restricted stock awards shall have all rights of a shareholder including the right to vote the shares and to all dividends (cash or stock). Compensation expense related to restricted stock awards will be recognized over the vesting period of the awards based on the fair value of the Company’s common stock at the issue date. A summary of the changes in the Company’s non-vested restricted stock awards under the 2021 Plan for the nine months ended September 30, 2022 is as follows: ($ in thousands, except share data) Shares Issued Weighted Aggregate Non-vested, as of January 1, 2022 176,641 $ 9.90 $ 2,254 Awards granted 217,553 12.59 Awards vested (58,798) 9.90 Awards forfeited (15,030) 12.30 Non-vested, as of September 30, 2022 320,366 $ 11.62 $ 3,562 Information related to vested restricted stock awards under the 2021 Plan for the periods indicated follows: Three Months Ended September 30, Nine Months Ended September 30, ($ in thousands) 2022 2021 2022 2021 Tax benefit realized from awards vested $ — $ — $ 12 $ — There were 1,128,087 shares available for future grants of either stock options or restricted stock awards under the 2021 Plan as of September 30, 2022. The Company had approximately $3.1 million of unrecognized compensation cost related to unvested restricted stock awards under the 2021 Plan as of September 30, 2022. The Company expects to recognize these costs over a weighted average period of 2.78 years.

Employee Benefit Plan

Employee Benefit Plan	9 Months Ended
	Sep. 30, 2022
Retirement Benefits [Abstract]
Employee Benefit Plan	Employee Benefit PlanThe Company sponsors a defined contribution plan, 401(k) profit sharing plan (the “401(k) Plan”), designed to provide retirement benefits financed by participant contributions, as well as contributions from the Company. Employees are eligible to participate in the 401(k) Plan as of the first day of the first calendar month after the date they have completed three months of service with the Company and have attained the age of 18. 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 $216 thousand and $188 thousand for the three months ended September 30, 2022 and 2021, respectively and $642 thousand and $557 thousand for the nine months ended September 30, 2022 and 2021.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments Fair value is defined as the price that would be received to sell an asset or the price that would be paid to transfer a liability on the measurement date and is determined using an exit price in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants. The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. Assets and liabilities recorded at fair value on a recurring basis, such as AFS securities and equity investments. Additionally, from time to time, the Company records fair value adjustments on a nonrecurring basis. These nonrecurring adjustments typically involve application of lower of cost or fair value accounting and write-downs of individual assets. The Company classifies its assets and liabilities recorded at fair value as one of the following three categories and a financial instrument’s level within the fair value hierarchy is based on the lowest level of input significant to the fair value measurement: 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. Assets and Liabilities Measured at Fair Value on a Recurring Basis Following is a description of the valuation methodologies used for instruments measured at fair value on a recurring basis, as well as the general classification of such instruments pursuant to the valuation hierarchy. Securities AFS : The fair values of investment securities are determined by matrix pricing, which is a mathematical technique used to value debt securities without relying exclusively on quoted prices for the specific securities, but rather by relying on the securities’ relationship to other benchmark quoted securities (Level 2). Management obtains the fair values of investment securities on a monthly basis from a third-party pricing service. Other Investment: The Company has equity investment with readily determinable fair value. The fair value for the equity investment with readily determinable fair value is obtained from unadjusted quoted prices in active markets on the date of measurement and classified as Level 1. Assets and liabilities measured at fair value on a recurring basis as of September 30, 2022 and December 31, 2021 are summarized below: Fair Value Measure on a Recurring Basis ($ in thousands) Total Quoted Significant Other Significant September 30, 2022 U.S. Government agencies or sponsored agency securities: Residential mortgage-backed securities $ 43,307 $ — $ 43,307 $ — Residential collateralized mortgage obligations $ 143,131 $ — $ 143,131 — Other investments: Mutual fund - CRA qualified $ 3,306 $ 3,306 $ — $ — December 31, 2021 U.S. Government agencies or sponsored agency securities: Residential mortgage-backed securities $ 37,412 $ — $ 37,412 $ — Residential collateralized mortgage obligations $ 113,032 $ — $ 113,032 $ — Other investments: Mutual fund - CRA qualified $ 3,708 $ 3,708 $ — $ — There were no transfers of assets or liabilities between the Level 1 and Level 2 classifications for the three and nine months ended September 30, 2022 or 2021. Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis The Company may be required, from time to time, to measure certain assets at fair value on a nonrecurring basis in accordance with GAAP. These adjustments to fair value usually result from application of lower of cost or fair value and write-downs of individual assets. Impaired Loans : The fair value of impaired loans with specific allocations of the allowance for loan losses is generally based on recent real estate appraisals. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. Such adjustments are usually significant and typically result in a Level 3 classification of the inputs for determining fair value. Non-real estate collateral may be valued using an appraisal, net book value per the borrower’s financial statements, or aging reports, adjusted or discounted based on management’s judgment, changes in market conditions from the time of the valuation, and management’s expertise and knowledge of the client and client’s business, resulting in a Level 3 fair value classification. Impaired loans are evaluated on a quarterly basis for additional impairment and adjusted accordingly. 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. The following table presents the fair value hierarchy and fair value of assets that were still held and had fair value adjustments measured on a nonrecurring basis as of September 30, 2022 and December 31, 2021: Fair Value Measure on a Nonrecurring Basis ($ in thousands) Total Quoted Significant Other Significant September 30, 2022 Impaired loans $ 410 $ — $ — $ 410 December 31, 2021 Impaired loans $ 814 $ — $ — $ 814 The following table presents the increase (decrease) in value of certain assets held at the end of the respective reporting periods presented for which a nonrecurring fair value adjustment was recognized during the period presented: Three Months Ended September 30, Nine Months Ended September 30, ($ in thousands) 2022 2021 2022 2021 Impaired loans $ 5 $ (106) $ 15 $ (99) The following table presents information about significant unobservable inputs utilized in the Company’s nonrecurring Level 3 fair value measurements as of September 30, 2022 and December 31, 2021: ($ in thousands) Fair Value Valuation Unobservable Range of Weighted- Average of Inputs (1) September 30, 2022 Impaired loans: SBA loans—real estate $ 410 Income approach - income capitalization Capitalization rate 12.0% 12.0% December 31, 2021 Impaired loans: SBA loans—real estate $ 419 Market approach Market data comparison 2% to 17% 8.7% SBA loans—real estate $ 395 Income approach - income capitalization Capitalization rate 12.0% 12.0% (1) Weighted-average of inputs is based on the relative fair value of the respective assets as of September 30, 2022 and December 31, 2021 . Financial Instruments : The carrying amounts and estimated fair values of financial instruments that are not carried at fair value on a recurring basis as of September 30, 2022 and December 31, 2021 are as follows. These financial assets and liabilities are measured at amortized cost basis on the Company’s Consolidated Balance Sheets: September 30, 2022 ($ in thousands) Carrying Level 1 Level 2 Level 3 Value Financial Assets: Cash and cash equivalents $ 107,281 $ 107,281 $ — $ — $ 107,281 Loans held for sale 36,642 — 39,801 — 39,801 Loans receivable, net 1,599,649 — — 1,533,583 1,533,583 Accrued interest receivable, net 5,856 75 578 5,203 5,856 Other investments: FHLB and PCBB stock 8,673 N/A N/A N/A N/A Time deposits placed 95 — 95 — 95 Servicing assets 12,889 — — 17,263 17,263 Financial Liabilities: Deposit 1,816,811 — 1,806,368 — 1,806,368 FHLB Advances 10,000 — 10,000 — 10,000 Accrued interest payable 1,099 — 1,099 — 1,099 December 31, 2021 ($ in thousands) Carrying Level 1 Level 2 Level 3 Value Financial Assets: Cash and cash equivalents $ 115,459 $ 115,459 $ — $ — $ 115,459 Loans held for sale 89,428 — 99,301 — 99,301 Loans receivable, net 1,297,896 — — 1,291,926 1,291,926 Accrued interest receivable, net 4,579 — 348 4,231 4,579 Other investments: FHLB and PCBB stock 7,196 N/A N/A N/A N/A Time deposits placed 95 — 95 — 95 Servicing assets 12,720 — — 15,505 15,505 Financial Liabilities: Deposit 1,534,066 — 1,534,066 — 1,534,066 Accrued interest payable 558 — 558 — 558

Regulatory Capital Matters

Regulatory Capital Matters	9 Months Ended
	Sep. 30, 2022
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]
Regulatory Capital Matters	Regulatory Capital MattersThe Bank is subject to certain risk-based capital and leverage ratio requirements under the U.S. Basel III capital rules administered by the federal and state banking agencies. Failure to be well-capitalized or to meet minimum capital requirements could result in certain mandatory and possible additional discretionary actions by regulators that, if undertaken, could have an adverse material effect on the Company's operations or financial condition. The Basel III capital rules also require the Bank to maintain a capital conservation buffer of 2.5% above the minimum risk-based capital ratios in order to absorb losses during periods of economic stress, effective January 1, 2019. Banking institutions with a ratio of common equity tier 1 capital to risk-weighted assets above the minimum but below the capital conservation buffer will face constraints on dividends. equity repurchases and compensation based on the amount of the shortfall. Management believes that as of September 30, 2022 and December 31, 2021, the Bank met all capital adequacy requirements to which they are subject to. Based on recent changes to the Federal Reserve’s definition of a “Small Bank Holding Company” that increased the threshold to $3 billion in assets, the Company is not currently subject to separate minimum capital measurements. At such time as the Company reaches the $3 billion asset level, it will again be subject to capital measurements independent of the Bank. The following table presents the regulatory capital amounts and ratios for the Company and the Bank as of dates indicated: September 30, 2022 Actual (1) Required for Minimum ($ in thousands) Amount Ratio Amount Ratio Amount Ratio Total capital (to risk-weighted assets) Consolidated $ 205,902 13.10 % N/A N/A N/A N/A Bank 203,851 12.97 % $ 125,716 8.00 % $ 157,145 10.00 % Tier 1 capital (to risk-weighted assets) Consolidated 187,343 11.92 % N/A N/A N/A N/A Bank 185,293 11.79 % 94,287 6.00 % 125,716 8.00 % Common equity Tier 1 capital (to risk-weighted Consolidated 187,343 11.92 % N/A N/A N/A N/A Bank 185,293 11.79 % 70,715 4.50 % 102,144 6.50 % Tier 1 capital (to average assets) Consolidated 187,343 9.52 % N/A N/A N/A N/A Bank 185,293 9.41 % 78,726 4.00 % 98,408 5.00 % (1) The capital requirements are only applicable to the Bank, and the Company's ratios are included for comparison purpose. December 31, 2021 Actual (1) Required for Minimum ($ in thousands) Amount Ratio Amount Ratio Amount Ratio Total capital (to risk-weighted assets) Consolidated $ 182,439 13.66 % N/A N/A N/A N/A Bank 179,882 13.47 % $ 106,857 8.00 % $ 133,572 10.00 % Tier 1 capital (to risk-weighted assets) Consolidated 165,944 12.42 % N/A N/A N/A N/A Bank 163,387 12.23 % 80,143 6.00 % 106,857 8.00 % Common equity Tier 1 capital (to risk-weighted Consolidated 165,944 12.42 % N/A N/A N/A N/A Bank 163,387 12.23 % 60,107 4.50 % 86,822 6.50 % Tier 1 capital (to average assets) Consolidated 165,944 9.58 % N/A N/A N/A N/A Bank 163,387 9.44 % 69,266 4.00 % 86,582 5.00 % (1) The capital requirements are only applicable to the Bank, and the Company's ratios are included for comparison purpose.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per ShareBasic EPS is calculated using the two-class method. Under the two-class method, all earnings (distributed and undistributed) are allocated to common stock and participating securities. The Company grants restricted stock awards, which entitle recipients to receive nonforfeitable dividends during the vesting period on a basis equivalent to dividends paid to holders of the Company's common stock. These restricted stock awards meet the definition of participating securities based on their respective rights to receive nonforfeitable dividends, and they are treated as a separate class of securities in computing basic EPS. Participating securities are not included as incremental shares in computing diluted EPS. Diluted EPS incorporates the potential impact of contingently issuable shares. Diluted EPS is calculated under both the two-class and treasury stock methods, and the more dilutive amount is reported. For each of the periods presented in the table below, diluted EPS calculated under two-class method was more dilutive. The following table presents the calculation of net income applicable to common stockholders and basic and diluted EPS for the three and nine months ended September 30, 2022 and 2021: Three Months Ended September 30, Nine Months Ended September 30, ($ in thousands, except share and per share data) 2022 2021 2022 2021 Basic Net income $ 8,650 $ 8,250 $ 25,282 $ 19,706 Undistributed earnings allocated to participating securities (188) (109) (532) (216) Net income allocated to common shares 8,462 8,141 24,750 19,490 Weighted average common shares outstanding 15,195,826 15,133,407 15,158,749 15,071,327 Basic earnings per common share $ 0.56 $ 0.54 $ 1.63 $ 1.29 Diluted Net income allocated to common shares $ 8,462 $ 8,141 $ 24,750 $ 19,490 Weighted average common shares outstanding for basic earnings per common share 15,195,826 15,133,407 15,158,749 15,071,327 Add: Dilutive effects of assumed exercises of stock options 79,330 67,206 87,596 62,246 Average shares and dilutive potential common shares 15,275,156 15,200,613 15,246,345 15,133,573 Diluted earnings per common share $ 0.55 $ 0.54 $ 1.62 $ 1.29 No share of common stock was antidilutive for the three and nine months ended September 30, 2022 and 2021.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2022
Subsequent Events [Abstract]
Subsequent Events	Subsequent EventsThe Company has evaluated subsequent events through the issuance of these financial statements and is not aware of any material items that would require disclosure in the notes to the financial statements or would be required to be recognized as of September 30, 2022.

Business and Basis of Present_2

Business and Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Business and Basis of Presentation	Business and Basis of Presentation OP Bancorp is a California corporation that 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 OP Bancorp. OP Bancorp 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, OP Bancorp operates primarily in the traditional banking business arena that includes accepting deposits and making loans and investments. OP Bancorp’s primary deposit products are demand and time deposits, and the primary lending products are commercial business loans to small to medium sized businesses. OP Bancorp is operating with ten full-service branches. 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 the financial results for the interim periods presented, including eliminating intercompany transactions and balances. Certain items on the Consolidated Financial Statements and notes for prior years have been reclassified to conform to the 2022 presentation. 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 included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021 (“2021 Annual Report on Form 10-K”). Descriptions of our significant accounting policies are included in Note 1. Summary of Significant Accounting Policies in the Notes to Consolidated Financial Statements in the 2021 Annual Report on Form 10-K.
Recent Accounting Pronouncements Not Yet Effective	Recent Accounting Pronouncements Not Yet Effective In March 2022, Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update ("ASU") 2022-02, Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures. ("ASU 2022-02"). ASU 2022-02 eliminates the accounting guidance for troubled debt restructurings in Accounting Standards Codification (“ASC”) Subtopic 310-40, Receivables - Troubled Debt Restructurings by Creditors, while enhancing disclosure requirements for certain loan refinancing and restructurings by creditors when a borrower is experiencing financial difficulty. Additionally, ASU 2022-02 requires entities to disclose current-period gross write-offs by year of origination for financing receivables and net investments in leases within the scope of ASC Subtopic 326-20, Financial Instruments - Credit Losses - Measured at Amortized Cost. ASU 2022-02 will be effective on January 1, 2023 though early adoption is permitted. The adoption of ASU 2022-02 is not expected to have a significant impact on our consolidated financial statements. In June 2016, Financial Accounting Standards Board (“FASB”) issued ASU 2016-13, Financial Instruments — Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. 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 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 recognized in other comprehensive income (loss). 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, the 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 in October 2019, the FASB voted to approve the proposed delay. .

Securities (Tables)

Securities (Tables)	9 Months Ended
	Sep. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Schedule of Amortized Cost, Fair Value, and Corresponding Amounts of Gross Unrealized Gains and Losses for Available for Sale Securities	The following table summarizes the amortized cost, the corresponding amounts of gross unrealized gains and losses, and estimated fair value of available-for-sale ("AFS") debt securities as of September 30, 2022 and December 31, 2021: September 30, 2022 ($ in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U.S. Government agencies or sponsored agency securities: Residential mortgage-backed securities $ 49,249 $ — $ (5,942) $ 43,307 Residential collateralized mortgage obligations 162,173 1 (19,043) 143,131 Total AFS debt securities $ 211,422 $ 1 $ (24,985) $ 186,438 December 31, 2021 ($ in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U.S. Government agencies or sponsored agency securities: Residential mortgage-backed securities $ 37,555 $ 178 $ (321) $ 37,412 Residential collateralized mortgage obligations 114,588 253 (1,809) 113,032 Total AFS debt securities $ 152,143 $ 431 $ (2,130) $ 150,444
Schedule of Amortized Cost and Estimated Fair Value of Securities Available for Sale by Contractual Maturity	The amortized cost and estimated fair value of AFS debt securities as of September 30, 2022, by contractual maturity, are shown below: ($ in thousands) Amortized Fair After one year through five years $ 921 $ 862 After five years through ten years 2,940 2,735 After ten years 207,561 182,841 Total AFS debt securities $ 211,422 $ 186,438
Schedule of Other Investments	The following table presents the other investment securities, which are included in Other investments on the Consolidated Balance Sheets as of September 30, 2022 and December 31, 2021: ($ in thousands) September 30, 2022 December 31, 2021 FHLB stock $ 8,483 $ 7,006 PCBB stock 190 190 Mutual fund - CRA qualified 3,306 3,708 Time deposits placed in other banks 95 95 Total other investments $ 12,074 $ 10,999
Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value	The following table presents the fair value and the associated gross unrealized losses on AFS debt securities by length of time those individual securities in each category have been in a continuous loss as of September 30, 2022 and December 31, 2021: September 30, 2022 Less Than 12 Months 12 Months or Longer Total ($ in thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses U.S. Government agencies or sponsored agency securities: Residential mortgage-backed securities $ 28,829 $ (3,470) $ 14,479 $ (2,472) $ 43,308 $ (5,942) Residential collateralized mortgage obligations 98,297 (10,031) 38,359 (9,012) 136,656 (19,043) Total AFS debt securities $ 127,126 $ (13,501) $ 52,838 $ (11,484) $ 179,964 $ (24,985) December 31, 2021 Less Than 12 Months 12 Months or Longer Total ($ in thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses U.S. Government agencies or sponsored agency securities: Residential mortgage-backed securities $ 31,120 $ (321) $ — $ — $ 31,120 $ (321) Residential collateralized mortgage obligations 93,607 (1,578) 7,212 (231) 100,819 (1,809) Total AFS debt securities $ 124,727 $ (1,899) $ 7,212 $ (231) $ 131,939 $ (2,130)

Loans and Allowance for Loan _2

Loans and Allowance for Loan Losses (Tables)	9 Months Ended
	Sep. 30, 2022
Receivables [Abstract]
Schedule of Composition of Loan Portfolio	The following table presents the composition of the loan portfolio as of September 30, 2022 and December 31, 2021: ($ in thousands) September 30, 2022 December 31, 2021 Commercial real estate $ 830,125 $ 701,450 SBA loans—real estate 217,793 220,099 SBA loans—non-real estate (1) 14,776 55,759 Commercial and industrial ("C&I") 133,855 162,543 Home mortgage 419,469 173,303 Consumer 2,000 865 Gross loans receivable 1,618,018 1,314,019 Allowance for loan losses (18,369) (16,123) Loans receivable, net (2) $ 1,599,649 $ 1,297,896 (1) Includes SBA Paycheck Protection Program ("PPP") loans of $1.1 million and $40.6 million as of September 30, 2022 and December 31, 2021, respectively. (2) Includes net deferred loan fees or costs, unamortized premiums and unaccreted discounts of $2.9 million and $7.0 million as of September 30, 2022 and December 31, 2021, respectively.
Schedule of Activity in Allowance for Loan Losses by Portfolio Segment	The following table summarizes the activity in the allowance for loan losses by portfolio segment for the three and nine months ended September 30, 2022 and 2021: ($ in thousands) Commercial Real Estate SBA Loans— Real Estate SBA Loan s— Non- Real Estate C&I Home Mortgage Consumer Total Three Months Ended September 30, 2022 Beginning balance $ 7,743 $ 1,800 $ 135 $ 2,102 $ 5,913 $ 9 $ 17,702 (Reversal of) provision for loan losses (1) (895) (261) 7 291 1,521 (1) 662 Charge-offs — — — — — — — Recoveries — — 5 — — — 5 Ending balance $ 6,848 $ 1,539 $ 147 $ 2,393 $ 7,434 $ 8 $ 18,369 Three Months Ended September 30, 2021 Beginning balance $ 8,456 $ 1,997 $ 228 $ 2,286 $ 1,704 $ 16 $ 14,687 (Reversal of) provision for loan losses (1) (241) 99 (35) (332) (46) (2) (557) Charge-offs — — — — — — — Recoveries — — 3 — — 1 4 Ending balance $ 8,215 $ 2,096 $ 196 $ 1,954 $ 1,658 $ 15 $ 14,134 (1) There was no provision for uncollectible accrued interest receivable for the three months ended September 30, 2022. Excludes reversal of uncollectible accrued interest receivable of $327 thousand for the three months ended September 30, 2021. ($ in thousands) Commercial Real Estate SBA Loans— Real Estate SBA Loan s— Non- Real Estate C&I Home Mortgage Consumer Total Nine Months Ended September 30, 2022 Beginning balance $ 8,150 $ 2,022 $ 199 $ 2,848 $ 2,891 $ 13 $ 16,123 (Reversal of) provision for loan losses (1) (1,302) (476) (100) (455) 4,543 (6) 2,204 Charge-offs — (14) (18) — — — (32) Recoveries — 7 66 — — 1 74 Ending balance $ 6,848 $ 1,539 $ 147 $ 2,393 $ 7,434 $ 8 $ 18,369 Nine Months Ended September 30, 2021 Beginning balance $ 8,505 $ 1,802 $ 278 $ 2,563 $ 2,185 $ 19 $ 15,352 (Reversal of) provision for loan losses (1) (290) 294 (58) (609) (527) (8) (1,198) Charge-offs — — (27) — — — (27) Recoveries — — 3 — — 4 7 Ending balance $ 8,215 $ 2,096 $ 196 $ 1,954 $ 1,658 $ 15 $ 14,134 (1) Excludes reversal of uncollectible accrued interest receivable of $205 thousand and $178 thousand for the nine months ended September 30, 2022 and 2021, respectively. The following table presents the allowance for loan losses and recorded investment (not including accrued interest receivable) by portfolio segment and impairment methodology as of September 30, 2022 and December 31, 2021: ($ in thousands) Individually Evaluated for Impairment Collectively Evaluated for Impairment Total As of September 30, 2022 Allowance for loan losses (1) : Commercial real estate $ — $ 6,848 $ 6,848 SBA loans—real estate — 1,539 1,539 SBA loans—non-real estate — 147 147 C&I 288 2,105 2,393 Home mortgage — 7,434 7,434 Consumer — 8 8 Total $ 288 $ 18,081 $ 18,369 Loans (2) : Commercial real estate $ — $ 830,125 $ 830,125 SBA loans—real estate 411 217,382 217,793 SBA loans—non-real estate — 14,776 14,776 C&I 288 133,567 133,855 Home mortgage — 419,469 419,469 Consumer — 2,000 2,000 Total $ 699 $ 1,617,319 $ 1,618,018 As of December 31, 2021 Allowance for loan losses (1) : Commercial real estate $ — $ 8,150 $ 8,150 SBA loans—real estate — 2,022 2,022 SBA loans—non-real estate — 199 199 C&I 312 2,536 2,848 Home mortgage — 2,891 2,891 Consumer — 13 13 Total $ 312 $ 15,811 $ 16,123 Loans (2) : Commercial real estate $ — $ 701,450 $ 701,450 SBA loans—real estate 812 219,287 220,099 SBA loans—non-real estate — 55,759 55,759 C&I 312 162,231 162,543 Home mortgage — 173,303 173,303 Consumer — 865 865 Total $ 1,124 $ 1,312,895 $ 1,314,019 (1) There was no uncollectible accrued interest receivable as of September 30, 2022. Excludes allowance for uncollectible accrued interest receivable of $205 thousand as of December 31, 2021. (2) Excludes accrued interest receivables of $5.2 million and $4.4 million as of September 30, 2022, and December 31, 2021, respectively.
Schedule of Impaired Loans and Specific Allowance	The following table presents the recorded investment of individually impaired loans and the specific allowance for loan losses as of September 30, 2022 and December 31, 2021: September 30, 2022 (1) December 31, 2021 (1) ($ in thousands) Unpaid Principal Balance Recorded Recorded Related Unpaid Principal Balance Recorded Recorded Related SBA loans—real estate $ 411 $ 411 $ — $ — $ 812 $ 812 $ — $ — C&I 288 — 288 288 312 — 312 312 Total $ 699 $ 411 $ 288 $ 288 $ 1,124 $ 812 $ 312 $ 312 (1) The difference between the unpaid principal balance (net of partial charge-offs) and the recorded investment in the loans was not considered to be material. The following table presents the average recorded investment in impaired loans and the amount of interest income recognized on impaired loans by portfolio segment for the three and nine months ended September 30, 2022 and September 30, 2021. The difference between interest income recognized and cash basis interest recognized was immaterial. Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 ($ in thousands) Average Interest Average Interest Average Interest Average Interest SBA loans—real estate $ 411 $ — $ 540 $ — $ 405 $ — $ 450 $ — C&I 293 9 322 — 301 24 326 — Total $ 704 $ 9 $ 862 $ — $ 706 $ 24 $ 776 $ —
Schedule of Recorded Investment in Nonaccrual Loans and Loans Past Due 90 or More Days and Still Accruing Interest by Portfolio Segment	The following table presents the recorded investment in nonaccrual loans and loans past due 90 or more days and still accruing interest, by portfolio as of September 30, 2022 and December 31, 2021: ($ in thousands) Nonaccrual 90 or More Days Past Due & Still Accruing Total As of September 30, 2022 SBA loans—real estate $ 411 $ — $ 411 SBA loans—non-real estate 568 — 568 C&I 288 — 288 Home mortgage 984 — 984 Total $ 2,251 $ — $ 2,251 As of December 31, 2021 SBA loans—real estate $ 812 $ — $ 812 SBA loans—non-real estate 837 200 1,037 C&I 313 — 313 Home mortgage 1,038 — 1,038 Total $ 3,000 $ 200 $ 3,200
Schedule of Aging Analysis of Recorded Investment in Past Due Loans	The following table represents the aging analysis of the recorded investment in past due loans as of September 30, 2022 and December 31, 2021: ($ in thousands) 30-59 Days Past Due 60-89 Days Past Due > 90 Days Past Due Total Past Due Loans Not Past Due Total (1) As of September 30, 2022 Commercial real estate $ — $ — $ — $ — $ 830,125 $ 830,125 SBA—real estate 70 — — 70 217,723 217,793 SBA—non-real estate 290 503 250 1,043 13,733 14,776 C&I — — — — 133,855 133,855 Home mortgage 1 342 844 1,187 418,282 419,469 Consumer — — — — 2,000 2,000 Total $ 361 $ 845 $ 1,094 $ 2,300 $ 1,615,718 $ 1,618,018 As of December 31, 2021 Commercial real estate $ — $ — $ — $ — $ 701,450 $ 701,450 SBA—real estate — — 419 419 219,680 220,099 SBA—non-real estate 76 336 881 1,293 54,466 55,759 C&I — — — — 162,543 162,543 Home mortgage — — 893 893 172,410 173,303 Consumer — — — — 865 865 Total $ 76 $ 336 $ 2,193 $ 2,605 $ 1,311,414 $ 1,314,019 (1) Excludes accrued interest receivables of $5.2 million and $4.4 million as of September 30, 2022, and December 31, 2021, respectively.
Schedule of Credit Risk Ratings by Portfolio Segment	As of September 30, 2022 and December 31, 2021, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows: ($ in thousands) Pass Special Mention Substandard Doubtful Total (1) As of September 30, 2022 Commercial real estate $ 830,125 $ — $ — $ — $ 830,125 SBA loans—real estate 216,618 — 1,175 — 217,793 SBA loans—non-real estate 14,134 — 471 171 14,776 C&I 133,113 — 742 — 133,855 Home mortgage 418,486 — 983 — 419,469 Consumer 2,000 — — — 2,000 Total $ 1,614,476 $ — $ 3,371 $ 171 $ 1,618,018 As of December 31, 2021 Commercial real estate $ 701,450 $ — $ — $ — $ 701,450 SBA loans—real estate 218,408 — 1,691 — 220,099 SBA loans—non-real estate 54,762 — 966 31 55,759 C&I 162,230 — 313 — 162,543 Home mortgage 172,265 — 1,038 — 173,303 Consumer 865 — — — 865 Total $ 1,309,980 $ — $ 4,008 $ 31 $ 1,314,019 (1) Excludes accrued interest receivables of $5.2 million and $4.4 million as of September 30, 2022, and December 31, 2021, respectively.

Premises and Equipment (Tables)

Premises and Equipment (Tables)	9 Months Ended
	Sep. 30, 2022
Property, Plant and Equipment [Abstract]
Schedule of Premises and Equipment	The following table presents information regarding the premises and equipment as of September 30, 2022 and December 31, 2021: ($ in thousands) September 30, 2022 December 31, 2021 Leasehold improvements $ 7,824 $ 7,375 Furniture and fixtures 3,880 3,530 Equipment and others 3,204 2,955 Total premises and equipment 14,908 13,860 Accumulated depreciation (10,525) (9,505) Total premises and equipment, net $ 4,383 $ 4,355

Servicing Assets (Tables)

Servicing Assets (Tables)	9 Months Ended
	Sep. 30, 2022
Servicing Asset [Abstract]
Schedule of Activity for Loan Servicing Assets	The following table presents an analysis of the changes in activity for loan servicing assets during the three and nine months ended September 30, 2022 and 2021: Three Months Ended September 30, Nine Months Ended September 30, ($ in thousands) 2022 2021 2022 2021 Beginning balance $ 12,341 $ 12,903 $ 12,720 $ 7,360 Additions from loans sold with servicing retained 1,532 533 3,681 1,380 Additions from purchase of servicing rights — 6,097 Amortized to expense (984) (1,047) (3,512) (2,448) Ending balance $ 12,889 $ 12,389 $ 12,889 $ 12,389

Deposits (Tables)

Deposits (Tables)	9 Months Ended
	Sep. 30, 2022
Deposits [Abstract]
Schedule of Maturities of Time Deposits	The following table presents the scheduled contractual maturities of time deposits as of September 30, 2022: ($ in thousands) Remainder of 2022 $ 127,992 2023 361,488 2024 6,110 2025 1,153 2026 and thereafter 526 Total $ 497,269

Borrowing Arrangements (Tables)

Borrowing Arrangements (Tables)	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Schedule of Borrowings Available to the Company from Institutions	The Company had available borrowings from the following institutions as of September 30, 2022: ($ in thousands) FHLB—San Francisco $ 406,523 Federal Reserve Bank 179,942 Pacific Coast Bankers Bank 50,000 Zions Bank 25,000 First Horizon Bank 25,000 Total $ 686,465

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Schedule of Distribution of Undisbursed Loan Commitments	The following table presents the distribution of undisbursed credit-related commitments as of September 30, 2022 and December 31, 2021: ($ in thousands) September 30, 2022 December 31, 2021 Loan commitments $ 186,291 $ 116,511 Standby letter of credit 6,467 4,477 Commercial letter of credit 980 1,028 Total undisbursed credit related commitments $ 193,738 $ 122,016
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 partnerships and the total unfunded commitments related to the investments in low-income housing partnerships as of September 30, 2022 and December 31, 2021: ($ in thousands) September 30, 2022 December 31, 2021 Investments in low-income housing partnerships $ 12,326 $ 7,911 Unfunded commitments to fund investments for low-income housing partnerships $ 9,111 $ 4,825

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]
Schedule of Stock-based Compensation Stock Options Activity	A summary of the transactions under the 2005 Plan for the nine months ended September 30, 2022 is as follows: ($ in thousands, except share data) Number of Weighted Aggregate Outstanding, as of January 1, 2022 52,000 $ 6.37 $ 333 Options granted — — Options exercised (12,000) 5.33 Options forfeited — — Options expired — — Outstanding, as of September 30, 2022 40,000 $ 6.24 $ 195 Fully vested and expected to vest 40,000 $ 6.24 $ 195 Vested 40,000 $ 6.24 $ 195 A summary of the stock options outstanding under the 2010 Plan for the nine months ended September 30, 2022 is as follows: ($ in thousands, except share data) Number of Weighted Aggregate Outstanding, as of January 1, 2022 210,000 $ 8.00 $ 1,000 Options granted — — Options exercised — — Options forfeited — — Options expired — — Outstanding, as of September 30, 2022 210,000 $ 8.00 $ 655 Fully vested and expected to vest 210,000 $ 8.00 $ 655 Vested 210,000 $ 8.00 $ 655
Schedule of Information Related to Stock Option Plan	Information related to the 2005 Plan for the periods indicated follows: Three Months Ended September 30, Nine Months Ended September 30, ($ in thousands) 2022 2021 2022 2021 Intrinsic value of options exercised $ 60 $ — $ 60 $ 174 Cash received from option exercises $ 64 $ — $ 64 $ 64 Tax benefit realized from option exercised $ 2 $ — $ 2 $ 20 Information related to stock options exercised under the 2010 Plan for the periods indicated follows: Three Months Ended September 30, Nine Months Ended September 30, ($ in thousands) 2022 2021 2022 2021 Intrinsic value of options exercised $ — $ — $ — $ 86 Cash received from option exercises $ — $ — $ — $ 25 Tax benefit realized from option exercised $ — $ — $ — $ —
Schedule 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 nine months ended September 30, 2022 is as follows: ($ in thousands, except share data) Shares Issued Weighted Average Grant Date Fair Value Aggregate Non-vested, as of January 1, 2022 21,000 $ 7.95 $ 268 Awards granted — — Awards vested — — Awards forfeited (6,500) 6.37 Non-vested, as of September 30, 2022 14,500 $ 8.66 $ 161 A summary of the changes in the Company’s non-vested restricted stock awards under the 2021 Plan for the nine months ended September 30, 2022 is as follows: ($ in thousands, except share data) Shares Issued Weighted Aggregate Non-vested, as of January 1, 2022 176,641 $ 9.90 $ 2,254 Awards granted 217,553 12.59 Awards vested (58,798) 9.90 Awards forfeited (15,030) 12.30 Non-vested, as of September 30, 2022 320,366 $ 11.62 $ 3,562
Share Based Compensation Arrangement Information Related To Plan	Information related to vested restricted stock awards under the 2010 Plan for the periods indicated follows: Three Months Ended September 30, Nine Months Ended September 30, ($ in thousands) 2022 2021 2022 2021 Tax (provision) benefit realized from awards vested $ — $ — $ — $ (85) Information related to vested restricted stock awards under the 2021 Plan for the periods indicated follows: Three Months Ended September 30, Nine Months Ended September 30, ($ in thousands) 2022 2021 2022 2021 Tax benefit realized from awards vested $ — $ — $ 12 $ —

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis	Assets and liabilities measured at fair value on a recurring basis as of September 30, 2022 and December 31, 2021 are summarized below: Fair Value Measure on a Recurring Basis ($ in thousands) Total Quoted Significant Other Significant September 30, 2022 U.S. Government agencies or sponsored agency securities: Residential mortgage-backed securities $ 43,307 $ — $ 43,307 $ — Residential collateralized mortgage obligations $ 143,131 $ — $ 143,131 — Other investments: Mutual fund - CRA qualified $ 3,306 $ 3,306 $ — $ — December 31, 2021 U.S. Government agencies or sponsored agency securities: Residential mortgage-backed securities $ 37,412 $ — $ 37,412 $ — Residential collateralized mortgage obligations $ 113,032 $ — $ 113,032 $ — Other investments: Mutual fund - CRA qualified $ 3,708 $ 3,708 $ — $ —
Schedule of Fair Value Hierarchy and Fair Value of Assets that Were Still Held and Had Fair Value Adjustments Measured On a Nonrecurring Basis	The following table presents the fair value hierarchy and fair value of assets that were still held and had fair value adjustments measured on a nonrecurring basis as of September 30, 2022 and December 31, 2021: Fair Value Measure on a Nonrecurring Basis ($ in thousands) Total Quoted Significant Other Significant September 30, 2022 Impaired loans $ 410 $ — $ — $ 410 December 31, 2021 Impaired loans $ 814 $ — $ — $ 814
Schedule of Increase (Decrease) In Value of Certain Assets Held at End of Respective Reporting Periods Presented for Which a Nonrecurring Fair Value Adjustment	The following table presents the increase (decrease) in value of certain assets held at the end of the respective reporting periods presented for which a nonrecurring fair value adjustment was recognized during the period presented: Three Months Ended September 30, Nine Months Ended September 30, ($ in thousands) 2022 2021 2022 2021 Impaired loans $ 5 $ (106) $ 15 $ (99)
Schedule of Information about Significant Unobservable Inputs Utilized in Company's Nonrecurring Level 3 Fair Value Measurements	The following table presents information about significant unobservable inputs utilized in the Company’s nonrecurring Level 3 fair value measurements as of September 30, 2022 and December 31, 2021: ($ in thousands) Fair Value Valuation Unobservable Range of Weighted- Average of Inputs (1) September 30, 2022 Impaired loans: SBA loans—real estate $ 410 Income approach - income capitalization Capitalization rate 12.0% 12.0% December 31, 2021 Impaired loans: SBA loans—real estate $ 419 Market approach Market data comparison 2% to 17% 8.7% SBA loans—real estate $ 395 Income approach - income capitalization Capitalization rate 12.0% 12.0% (1) Weighted-average of inputs is based on the relative fair value of the respective assets as of September 30, 2022 and December 31, 2021 .
Schedule of Carrying Amounts and Estimated Fair Values of Financial Instruments Not Carried at Fair Value	Financial Instruments : The carrying amounts and estimated fair values of financial instruments that are not carried at fair value on a recurring basis as of September 30, 2022 and December 31, 2021 are as follows. These financial assets and liabilities are measured at amortized cost basis on the Company’s Consolidated Balance Sheets: September 30, 2022 ($ in thousands) Carrying Level 1 Level 2 Level 3 Value Financial Assets: Cash and cash equivalents $ 107,281 $ 107,281 $ — $ — $ 107,281 Loans held for sale 36,642 — 39,801 — 39,801 Loans receivable, net 1,599,649 — — 1,533,583 1,533,583 Accrued interest receivable, net 5,856 75 578 5,203 5,856 Other investments: FHLB and PCBB stock 8,673 N/A N/A N/A N/A Time deposits placed 95 — 95 — 95 Servicing assets 12,889 — — 17,263 17,263 Financial Liabilities: Deposit 1,816,811 — 1,806,368 — 1,806,368 FHLB Advances 10,000 — 10,000 — 10,000 Accrued interest payable 1,099 — 1,099 — 1,099 December 31, 2021 ($ in thousands) Carrying Level 1 Level 2 Level 3 Value Financial Assets: Cash and cash equivalents $ 115,459 $ 115,459 $ — $ — $ 115,459 Loans held for sale 89,428 — 99,301 — 99,301 Loans receivable, net 1,297,896 — — 1,291,926 1,291,926 Accrued interest receivable, net 4,579 — 348 4,231 4,579 Other investments: FHLB and PCBB stock 7,196 N/A N/A N/A N/A Time deposits placed 95 — 95 — 95 Servicing assets 12,720 — — 15,505 15,505 Financial Liabilities: Deposit 1,534,066 — 1,534,066 — 1,534,066 Accrued interest payable 558 — 558 — 558

Regulatory Capital Matters (Tab

Regulatory Capital Matters (Tables)	9 Months Ended
	Sep. 30, 2022
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]
Schedule of Actual and Required Capital Amounts and Ratios, Exclusive of Capital Conservation Buffer	The following table presents the regulatory capital amounts and ratios for the Company and the Bank as of dates indicated: September 30, 2022 Actual (1) Required for Minimum ($ in thousands) Amount Ratio Amount Ratio Amount Ratio Total capital (to risk-weighted assets) Consolidated $ 205,902 13.10 % N/A N/A N/A N/A Bank 203,851 12.97 % $ 125,716 8.00 % $ 157,145 10.00 % Tier 1 capital (to risk-weighted assets) Consolidated 187,343 11.92 % N/A N/A N/A N/A Bank 185,293 11.79 % 94,287 6.00 % 125,716 8.00 % Common equity Tier 1 capital (to risk-weighted Consolidated 187,343 11.92 % N/A N/A N/A N/A Bank 185,293 11.79 % 70,715 4.50 % 102,144 6.50 % Tier 1 capital (to average assets) Consolidated 187,343 9.52 % N/A N/A N/A N/A Bank 185,293 9.41 % 78,726 4.00 % 98,408 5.00 % (1) The capital requirements are only applicable to the Bank, and the Company's ratios are included for comparison purpose. December 31, 2021 Actual (1) Required for Minimum ($ in thousands) Amount Ratio Amount Ratio Amount Ratio Total capital (to risk-weighted assets) Consolidated $ 182,439 13.66 % N/A N/A N/A N/A Bank 179,882 13.47 % $ 106,857 8.00 % $ 133,572 10.00 % Tier 1 capital (to risk-weighted assets) Consolidated 165,944 12.42 % N/A N/A N/A N/A Bank 163,387 12.23 % 80,143 6.00 % 106,857 8.00 % Common equity Tier 1 capital (to risk-weighted Consolidated 165,944 12.42 % N/A N/A N/A N/A Bank 163,387 12.23 % 60,107 4.50 % 86,822 6.50 % Tier 1 capital (to average assets) Consolidated 165,944 9.58 % N/A N/A N/A N/A Bank 163,387 9.44 % 69,266 4.00 % 86,582 5.00 % (1) The capital requirements are only applicable to the Bank, and the Company's ratios are included for comparison purpose.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Schedule of Computation of Basic and Diluted Earnings Per Share	The following table presents the calculation of net income applicable to common stockholders and basic and diluted EPS for the three and nine months ended September 30, 2022 and 2021: Three Months Ended September 30, Nine Months Ended September 30, ($ in thousands, except share and per share data) 2022 2021 2022 2021 Basic Net income $ 8,650 $ 8,250 $ 25,282 $ 19,706 Undistributed earnings allocated to participating securities (188) (109) (532) (216) Net income allocated to common shares 8,462 8,141 24,750 19,490 Weighted average common shares outstanding 15,195,826 15,133,407 15,158,749 15,071,327 Basic earnings per common share $ 0.56 $ 0.54 $ 1.63 $ 1.29 Diluted Net income allocated to common shares $ 8,462 $ 8,141 $ 24,750 $ 19,490 Weighted average common shares outstanding for basic earnings per common share 15,195,826 15,133,407 15,158,749 15,071,327 Add: Dilutive effects of assumed exercises of stock options 79,330 67,206 87,596 62,246 Average shares and dilutive potential common shares 15,275,156 15,200,613 15,246,345 15,133,573 Diluted earnings per common share $ 0.55 $ 0.54 $ 1.62 $ 1.29

Business and Basis of Present_3

Business and Basis of Presentation (Details)	Sep. 30, 2022 branch
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Number of full service branches	10
Open Bank
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Percentage of voting equity interests acquired	100%

Securities - Schedule of Amorti

Securities - Schedule of Amortized Cost, Fair Value, and Corresponding Amounts of Gross Unrealized Gains and Losses for Available for Sale Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Securities [Line Items]
Amortized Cost	$ 211,422	$ 152,143
Gross Unrealized Gains	1	431
Gross Unrealized Losses	(24,985)	(2,130)
Fair Value	186,438	150,444
Residential mortgage-backed securities
Securities [Line Items]
Amortized Cost	49,249	37,555
Gross Unrealized Gains	0	178
Gross Unrealized Losses	(5,942)	(321)
Fair Value	43,307	37,412
Residential collateralized mortgage obligations
Securities [Line Items]
Amortized Cost	162,173	114,588
Gross Unrealized Gains	1	253
Gross Unrealized Losses	(19,043)	(1,809)
Fair Value	$ 143,131	$ 113,032

Securities - Additional Informa

Securities - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Securities [Line Items]
Proceeds from sale of available-for-sale securities	$ 0	$ 0	$ 0	$ 0
Equity investment in mutual fund with readily determinable fair value	3,300,000		3,300,000		$ 3,700,000
Other Income
Securities [Line Items]
Unrealized holding (losses) gains of mutual fund	(145,000)	$ (14,000)	(438,000)	$ (73,000)
Collateral Pledged
Securities [Line Items]
Number of securities pledged as collateral	$ 0		$ 0		$ 0

Securities - Schedule of Amor_2

Securities - Schedule of Amortized Cost and Estimated Fair Value of Securities Available for Sale by Contractual Maturity (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Amortized Cost
After one year through five years	$ 921
After five years through ten years	2,940
After ten years	207,561
Amortized Cost	211,422	$ 152,143
Fair Value
After one year through five years	862
After five years through ten years	2,735
After ten years	182,841
Fair Value	$ 186,438	$ 150,444

Securities - Schedule of Securi

Securities - Schedule of Securities With Unrealized Losses Aggregated by Length of Time in Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Securities [Line Items]
Fair Value, Less Than 12 Months	$ 127,126	$ 124,727
Unrealized Losses, Less Than 12 Months	(13,501)	(1,899)
Fair Value, 12 Months or Longer	52,838	7,212
Unrealized Losses, 12 Months or Longer	(11,484)	(231)
Total Fair Value	179,964	131,939
Total Unrealized Losses	(24,985)	(2,130)
Residential mortgage-backed securities
Securities [Line Items]
Fair Value, Less Than 12 Months	28,829	31,120
Unrealized Losses, Less Than 12 Months	(3,470)	(321)
Fair Value, 12 Months or Longer	14,479	0
Unrealized Losses, 12 Months or Longer	(2,472)	0
Total Fair Value	43,308	31,120
Total Unrealized Losses	(5,942)	(321)
Residential collateralized mortgage obligations
Securities [Line Items]
Fair Value, Less Than 12 Months	98,297	93,607
Unrealized Losses, Less Than 12 Months	(10,031)	(1,578)
Fair Value, 12 Months or Longer	38,359	7,212
Unrealized Losses, 12 Months or Longer	(9,012)	(231)
Total Fair Value	136,656	100,819
Total Unrealized Losses	$ (19,043)	$ (1,809)

Securities - Schedule of Other

Securities - Schedule of Other Investments (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Securities [Line Items]
Mutual fund - CRA qualified	$ 3,300	$ 3,700
Other Investments
Securities [Line Items]
FHLB stock	8,483	7,006
PCBB stock	190	190
Mutual fund - CRA qualified	3,306	3,708
Time deposits placed in other banks	95	95
Total other investments	$ 12,074	$ 10,999

Loans and Allowance for Loan _3

Loans and Allowance for Loan Losses - Composition of Loan Portfolio (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2020
Loans And Leases Receivable Disclosure [Line Items]
Gross loans receivable	$ 1,618,018		$ 1,314,019
Allowance for loan losses	(18,369)	$ (17,702)	(16,123)	$ (14,134)	$ (14,687)	$ (15,352)
Loans receivable, net	1,599,649		1,297,896
Deferred loan fees, unamortized premiums and unaccreted discounts	2,900		7,000
Real Estate | Commercial real estate
Loans And Leases Receivable Disclosure [Line Items]
Gross loans receivable	830,125		701,450
Real Estate | SBA Loans—Real Estate
Loans And Leases Receivable Disclosure [Line Items]
Gross loans receivable	217,793		220,099
SBA loans—non-real estate
Loans And Leases Receivable Disclosure [Line Items]
Gross loans receivable	14,776		55,759
Allowance for loan losses	(147)	(135)	(199)	(196)	(228)	(278)
SBA loans—non-real estate | PPP loans
Loans And Leases Receivable Disclosure [Line Items]
Loans receivable, net	1,100		40,600
Commercial and industrial ("C&I")
Loans And Leases Receivable Disclosure [Line Items]
Gross loans receivable	133,855		162,543
Allowance for loan losses	(2,393)	(2,102)	(2,848)	(1,954)	(2,286)	(2,563)
Home mortgage
Loans And Leases Receivable Disclosure [Line Items]
Gross loans receivable	419,469		173,303
Allowance for loan losses	(7,434)	(5,913)	(2,891)	(1,658)	(1,704)	(2,185)
Consumer
Loans And Leases Receivable Disclosure [Line Items]
Gross loans receivable	2,000		865
Allowance for loan losses	$ (8)	$ (9)	$ (13)	$ (15)	$ (16)	$ (19)

Loans and Allowance for Loan _4

Loans and Allowance for Loan Losses - Additional Information (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2022 USD ($) loan	Sep. 30, 2021 USD ($) loan	Sep. 30, 2022 USD ($) loan	Sep. 30, 2021 USD ($) loan	Jun. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)	Jun. 30, 2021 USD ($)	Dec. 31, 2020 USD ($)
Loans And Leases Receivable Disclosure [Line Items]
Loans, related parties	$ 0		$ 0			$ 0
Recorded investment in troubled debt restructurings	288,000		288,000			313,000
Specific reserves to loans classified as TDRs	$ 288,000		$ 288,000			313,000
Loans identified as TDRs | loan	0	0	0	0
Financing receivable, modifications, subsequent default, recorded investment	$ 0	$ 0	$ 0	$ 0
Allowance for loan losses	18,369,000	14,134,000	18,369,000	14,134,000	$ 17,702,000	16,123,000	$ 14,687,000	$ 15,352,000
SBA PPP Loan
Loans And Leases Receivable Disclosure [Line Items]
Total loans funded	154,500,000		154,500,000
Loans forgiven	153,400,000		153,400,000
Home mortgage
Loans And Leases Receivable Disclosure [Line Items]
Allowance for loan losses	7,434,000	1,658,000	7,434,000	1,658,000	5,913,000	2,891,000	1,704,000	2,185,000
SBA loans—non-real estate
Loans And Leases Receivable Disclosure [Line Items]
Allowance for loan losses	147,000	196,000	147,000	196,000	135,000	199,000	228,000	278,000
SBA loans—non-real estate | SBA PPP Loan
Loans And Leases Receivable Disclosure [Line Items]
Gross loans receivable	1,100,000		1,100,000
Commercial and industrial ("C&I")
Loans And Leases Receivable Disclosure [Line Items]
Allowance for loan losses	$ 2,393,000	$ 1,954,000	$ 2,393,000	$ 1,954,000	$ 2,102,000	$ 2,848,000	$ 2,286,000	$ 2,563,000

Loans and Allowance for Loan _5

Loans and Allowance for Loan Losses - Schedule of Activity in Allowance for Loan Losses by Portfolio Segment (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Analysis of allowance for loan losses
Beginning balance	$ 17,702,000	$ 14,687,000	$ 16,123,000	$ 15,352,000
(Reversal of) provision for loan losses (1)	662,000	(557,000)	2,204,000	(1,198,000)
Charge-offs	0	0	(32,000)	(27,000)
Recoveries	5,000	4,000	74,000	7,000
Ending balance	18,369,000	14,134,000	18,369,000	14,134,000
Provision for (reversal of) loan losses	662,000	(884,000)	1,999,000	(1,376,000)
Uncollectible Accrued Interest Receivable
Analysis of allowance for loan losses
Provision for (reversal of) loan losses	0	(327,000)	(205,000)	(178,000)
Commercial real estate
Analysis of allowance for loan losses
Beginning balance	7,743,000	8,456,000	8,150,000	8,505,000
(Reversal of) provision for loan losses (1)	(895,000)	(241,000)	(1,302,000)	(290,000)
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Ending balance	6,848,000	8,215,000	6,848,000	8,215,000
SBA loans—real estate
Analysis of allowance for loan losses
Beginning balance	1,800,000	1,997,000	2,022,000	1,802,000
(Reversal of) provision for loan losses (1)	(261,000)	99,000	(476,000)	294,000
Charge-offs	0	0	(14,000)	0
Recoveries	0	0	7,000	0
Ending balance	1,539,000	2,096,000	1,539,000	2,096,000
SBA loans—non-real estate
Analysis of allowance for loan losses
Beginning balance	135,000	228,000	199,000	278,000
(Reversal of) provision for loan losses (1)	7,000	(35,000)	(100,000)	(58,000)
Charge-offs	0	0	(18,000)	(27,000)
Recoveries	5,000	3,000	66,000	3,000
Ending balance	147,000	196,000	147,000	196,000
Commercial and industrial ("C&I")
Analysis of allowance for loan losses
Beginning balance	2,102,000	2,286,000	2,848,000	2,563,000
(Reversal of) provision for loan losses (1)	291,000	(332,000)	(455,000)	(609,000)
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Ending balance	2,393,000	1,954,000	2,393,000	1,954,000
Home mortgage
Analysis of allowance for loan losses
Beginning balance	5,913,000	1,704,000	2,891,000	2,185,000
(Reversal of) provision for loan losses (1)	1,521,000	(46,000)	4,543,000	(527,000)
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Ending balance	7,434,000	1,658,000	7,434,000	1,658,000
Consumer
Analysis of allowance for loan losses
Beginning balance	9,000	16,000	13,000	19,000
(Reversal of) provision for loan losses (1)	(1,000)	(2,000)	(6,000)	(8,000)
Charge-offs	0	0	0	0
Recoveries	0	1,000	1,000	4,000
Ending balance	$ 8,000	$ 15,000	$ 8,000	$ 15,000

Loans and Allowance for Loan _6

Loans and Allowance for Loan Losses - Schedule of Allowance for Loan Losses and Recorded Investment by Portfolio Segment and Impairment Methodology (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2020
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for Loans Individually Evaluated for Impairment	$ 288		$ 312
Allowance for Loan Collectively Evaluated for Impairment	18,081		15,811
Allowance for loan losses, Total	18,369	$ 17,702	16,123	$ 14,134	$ 14,687	$ 15,352
Loans Individually Evaluated for Impairment	699		1,124
Loans Collectively Evaluated for Impairment	1,617,319		1,312,895
Loans, Total	1,618,018		1,314,019
Accrued interest receivable, allowance	0		205
Accrued interest receivable	5,200		4,400
Commercial real estate
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for Loans Individually Evaluated for Impairment	0		0
Allowance for Loan Collectively Evaluated for Impairment	6,848		8,150
Allowance for loan losses, Total	6,848	7,743	8,150	8,215	8,456	8,505
Loans Individually Evaluated for Impairment	0		0
Loans Collectively Evaluated for Impairment	830,125		701,450
Loans, Total	830,125		701,450
SBA loans—real estate
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for Loans Individually Evaluated for Impairment	0		0
Allowance for Loan Collectively Evaluated for Impairment	1,539		2,022
Allowance for loan losses, Total	1,539	1,800	2,022	2,096	1,997	1,802
Loans Individually Evaluated for Impairment	411		812
Loans Collectively Evaluated for Impairment	217,382		219,287
Loans, Total	217,793		220,099
SBA loans—non-real estate
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for Loans Individually Evaluated for Impairment	0		0
Allowance for Loan Collectively Evaluated for Impairment	147		199
Allowance for loan losses, Total	147	135	199	196	228	278
Loans Individually Evaluated for Impairment	0		0
Loans Collectively Evaluated for Impairment	14,776		55,759
Loans, Total	14,776		55,759
Commercial and industrial ("C&I")
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for Loans Individually Evaluated for Impairment	288		312
Allowance for Loan Collectively Evaluated for Impairment	2,105		2,536
Allowance for loan losses, Total	2,393	2,102	2,848	1,954	2,286	2,563
Loans Individually Evaluated for Impairment	288		312
Loans Collectively Evaluated for Impairment	133,567		162,231
Loans, Total	133,855		162,543
Home mortgage
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for Loans Individually Evaluated for Impairment	0		0
Allowance for Loan Collectively Evaluated for Impairment	7,434		2,891
Allowance for loan losses, Total	7,434	5,913	2,891	1,658	1,704	2,185
Loans Individually Evaluated for Impairment	0		0
Loans Collectively Evaluated for Impairment	419,469		173,303
Loans, Total	419,469		173,303
Consumer
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for Loans Individually Evaluated for Impairment	0		0
Allowance for Loan Collectively Evaluated for Impairment	8		13
Allowance for loan losses, Total	8	$ 9	13	$ 15	$ 16	$ 19
Loans Individually Evaluated for Impairment	0		0
Loans Collectively Evaluated for Impairment	2,000		865
Loans, Total	$ 2,000		$ 865

Loans and Allowance for Loan _7

Loans and Allowance for Loan Losses - Schedule of Recorded Investment of Individually Impaired Loans and Specific Allowance for Loan Losses (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Financing Receivable Allowance For Credit Losses [Line Items]
Unpaid Principal Balance	$ 699	$ 1,124
Recorded Investment With No Allowance	411	812
Recorded Investment With Allowance	288	312
Related Allowance	288	312
SBA loans—real estate
Financing Receivable Allowance For Credit Losses [Line Items]
Unpaid Principal Balance	411	812
Recorded Investment With No Allowance	411	812
Recorded Investment With Allowance	0	0
Related Allowance	0	0
Commercial and industrial ("C&I")
Financing Receivable Allowance For Credit Losses [Line Items]
Unpaid Principal Balance	288	312
Recorded Investment With No Allowance	0	0
Recorded Investment With Allowance	288	312
Related Allowance	$ 288	$ 312

Loans and Allowance for Loan _8

Loans and Allowance for Loan Losses - Schedule of Average Recorded Investment In Impaired Loans and Amount of Interest Income Recognized on Impaired Loans by Portfolio Segment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Financing Receivable Impaired [Line Items]
Average Recorded Investment	$ 704	$ 862	$ 706	$ 776
Interest Income Recognized	9	0	24	0
SBA loans—real estate
Financing Receivable Impaired [Line Items]
Average Recorded Investment	411	540	405	450
Interest Income Recognized	0	0	0	0
Commercial and industrial ("C&I")
Financing Receivable Impaired [Line Items]
Average Recorded Investment	293	322	301	326
Interest Income Recognized	$ 9	$ 0	$ 24	$ 0

Loans and Allowance for Loan _9

Loans and Allowance for Loan Losses - Schedule of Recorded Investment in Nonaccrual Loans and Loans Past Due 90 or More Days and Still Accruing Interest by Portfolio Segment (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Financing Receivable Recorded Investment Past Due [Line Items]
Nonaccrual	$ 2,251	$ 3,000
Loans >90 Days Past Due & Still Accruing	0	200
Total	2,251	3,200
SBA loans—real estate
Financing Receivable Recorded Investment Past Due [Line Items]
Nonaccrual	411	812
Loans >90 Days Past Due & Still Accruing	0	0
Total	411	812
SBA loans—non-real estate
Financing Receivable Recorded Investment Past Due [Line Items]
Nonaccrual	568	837
Loans >90 Days Past Due & Still Accruing	0	200
Total	568	1,037
Commercial and industrial ("C&I")
Financing Receivable Recorded Investment Past Due [Line Items]
Nonaccrual	288	313
Loans >90 Days Past Due & Still Accruing	0	0
Total	288	313
Home mortgage
Financing Receivable Recorded Investment Past Due [Line Items]
Nonaccrual	984	1,038
Loans >90 Days Past Due & Still Accruing	0	0
Total	$ 984	$ 1,038

Loans and Allowance for Loan_10

Loans and Allowance for Loan Losses - Schedule of Aging Analysis of Recorded Investment in Past Due Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Financing Receivable Recorded Investment Past Due [Line Items]
Gross loans receivable	$ 1,618,018	$ 1,314,019
Accrued interest receivable	5,200	4,400
Commercial real estate
Financing Receivable Recorded Investment Past Due [Line Items]
Gross loans receivable	830,125	701,450
SBA loans—real estate
Financing Receivable Recorded Investment Past Due [Line Items]
Gross loans receivable	217,793	220,099
SBA loans—non-real estate
Financing Receivable Recorded Investment Past Due [Line Items]
Gross loans receivable	14,776	55,759
Commercial and industrial ("C&I")
Financing Receivable Recorded Investment Past Due [Line Items]
Gross loans receivable	133,855	162,543
Home mortgage
Financing Receivable Recorded Investment Past Due [Line Items]
Gross loans receivable	419,469	173,303
Consumer
Financing Receivable Recorded Investment Past Due [Line Items]
Gross loans receivable	2,000	865
Total Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Gross loans receivable	2,300	2,605
Total Past Due | Commercial real estate
Financing Receivable Recorded Investment Past Due [Line Items]
Gross loans receivable	0	0
Total Past Due | SBA loans—real estate
Financing Receivable Recorded Investment Past Due [Line Items]
Gross loans receivable	70	419
Total Past Due | SBA loans—non-real estate
Financing Receivable Recorded Investment Past Due [Line Items]
Gross loans receivable	1,043	1,293
Total Past Due | Commercial and industrial ("C&I")
Financing Receivable Recorded Investment Past Due [Line Items]
Gross loans receivable	0	0
Total Past Due | Home mortgage
Financing Receivable Recorded Investment Past Due [Line Items]
Gross loans receivable	1,187	893
Total Past Due | Consumer
Financing Receivable Recorded Investment Past Due [Line Items]
Gross loans receivable	0	0
30-59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Gross loans receivable	361	76
30-59 Days Past Due | Commercial real estate
Financing Receivable Recorded Investment Past Due [Line Items]
Gross loans receivable	0	0
30-59 Days Past Due | SBA loans—real estate
Financing Receivable Recorded Investment Past Due [Line Items]
Gross loans receivable	70	0
30-59 Days Past Due | SBA loans—non-real estate
Financing Receivable Recorded Investment Past Due [Line Items]
Gross loans receivable	290	76
30-59 Days Past Due | Commercial and industrial ("C&I")
Financing Receivable Recorded Investment Past Due [Line Items]
Gross loans receivable	0	0
30-59 Days Past Due | Home mortgage
Financing Receivable Recorded Investment Past Due [Line Items]
Gross loans receivable	1	0
30-59 Days Past Due | Consumer
Financing Receivable Recorded Investment Past Due [Line Items]
Gross loans receivable	0	0
60-89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Gross loans receivable	845	336
60-89 Days Past Due | Commercial real estate
Financing Receivable Recorded Investment Past Due [Line Items]
Gross loans receivable	0	0
60-89 Days Past Due | SBA loans—real estate
Financing Receivable Recorded Investment Past Due [Line Items]
Gross loans receivable	0	0
60-89 Days Past Due | SBA loans—non-real estate
Financing Receivable Recorded Investment Past Due [Line Items]
Gross loans receivable	503	336
60-89 Days Past Due | Commercial and industrial ("C&I")
Financing Receivable Recorded Investment Past Due [Line Items]
Gross loans receivable	0	0
60-89 Days Past Due | Home mortgage
Financing Receivable Recorded Investment Past Due [Line Items]
Gross loans receivable	342	0
60-89 Days Past Due | Consumer
Financing Receivable Recorded Investment Past Due [Line Items]
Gross loans receivable	0	0
90 or More Days Pass Due
Financing Receivable Recorded Investment Past Due [Line Items]
Gross loans receivable	1,094	2,193
90 or More Days Pass Due | Commercial real estate
Financing Receivable Recorded Investment Past Due [Line Items]
Gross loans receivable	0	0
90 or More Days Pass Due | SBA loans—real estate
Financing Receivable Recorded Investment Past Due [Line Items]
Gross loans receivable	0	419
90 or More Days Pass Due | SBA loans—non-real estate
Financing Receivable Recorded Investment Past Due [Line Items]
Gross loans receivable	250	881
90 or More Days Pass Due | Commercial and industrial ("C&I")
Financing Receivable Recorded Investment Past Due [Line Items]
Gross loans receivable	0	0
90 or More Days Pass Due | Home mortgage
Financing Receivable Recorded Investment Past Due [Line Items]
Gross loans receivable	844	893
90 or More Days Pass Due | Consumer
Financing Receivable Recorded Investment Past Due [Line Items]
Gross loans receivable	0	0
Loans Not Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Gross loans receivable	1,615,718	1,311,414
Loans Not Past Due | Commercial real estate
Financing Receivable Recorded Investment Past Due [Line Items]
Gross loans receivable	830,125	701,450
Loans Not Past Due | SBA loans—real estate
Financing Receivable Recorded Investment Past Due [Line Items]
Gross loans receivable	217,723	219,680
Loans Not Past Due | SBA loans—non-real estate
Financing Receivable Recorded Investment Past Due [Line Items]
Gross loans receivable	13,733	54,466
Loans Not Past Due | Commercial and industrial ("C&I")
Financing Receivable Recorded Investment Past Due [Line Items]
Gross loans receivable	133,855	162,543
Loans Not Past Due | Home mortgage
Financing Receivable Recorded Investment Past Due [Line Items]
Gross loans receivable	418,282	172,410
Loans Not Past Due | Consumer
Financing Receivable Recorded Investment Past Due [Line Items]
Gross loans receivable	$ 2,000	$ 865

Loans and Allowance for Loan_11

Loans and Allowance for Loan Losses - Schedule of Credit Risk Ratings by Portfolio Segment (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Financing Receivable Recorded Investment [Line Items]
Loans	$ 1,618,018	$ 1,314,019
Accrued interest receivable	5,200	4,400
Pass
Financing Receivable Recorded Investment [Line Items]
Loans	1,614,476	1,309,980
Special Mention
Financing Receivable Recorded Investment [Line Items]
Loans	0	0
Substandard
Financing Receivable Recorded Investment [Line Items]
Loans	3,371	4,008
Doubtful
Financing Receivable Recorded Investment [Line Items]
Loans	171	31
Commercial real estate
Financing Receivable Recorded Investment [Line Items]
Loans	830,125	701,450
Commercial real estate | Pass
Financing Receivable Recorded Investment [Line Items]
Loans	830,125	701,450
Commercial real estate | Special Mention
Financing Receivable Recorded Investment [Line Items]
Loans	0	0
Commercial real estate | Substandard
Financing Receivable Recorded Investment [Line Items]
Loans	0	0
Commercial real estate | Doubtful
Financing Receivable Recorded Investment [Line Items]
Loans	0	0
SBA loans—real estate
Financing Receivable Recorded Investment [Line Items]
Loans	217,793	220,099
SBA loans—real estate | Pass
Financing Receivable Recorded Investment [Line Items]
Loans	216,618	218,408
SBA loans—real estate | Special Mention
Financing Receivable Recorded Investment [Line Items]
Loans	0	0
SBA loans—real estate | Substandard
Financing Receivable Recorded Investment [Line Items]
Loans	1,175	1,691
SBA loans—real estate | Doubtful
Financing Receivable Recorded Investment [Line Items]
Loans	0	0
SBA loans—non-real estate
Financing Receivable Recorded Investment [Line Items]
Loans	14,776	55,759
SBA loans—non-real estate | Pass
Financing Receivable Recorded Investment [Line Items]
Loans	14,134	54,762
SBA loans—non-real estate | Special Mention
Financing Receivable Recorded Investment [Line Items]
Loans	0	0
SBA loans—non-real estate | Substandard
Financing Receivable Recorded Investment [Line Items]
Loans	471	966
SBA loans—non-real estate | Doubtful
Financing Receivable Recorded Investment [Line Items]
Loans	171	31
Commercial and industrial ("C&I")
Financing Receivable Recorded Investment [Line Items]
Loans	133,855	162,543
Commercial and industrial ("C&I") | Pass
Financing Receivable Recorded Investment [Line Items]
Loans	133,113	162,230
Commercial and industrial ("C&I") | Special Mention
Financing Receivable Recorded Investment [Line Items]
Loans	0	0
Commercial and industrial ("C&I") | Substandard
Financing Receivable Recorded Investment [Line Items]
Loans	742	313
Commercial and industrial ("C&I") | Doubtful
Financing Receivable Recorded Investment [Line Items]
Loans	0	0
Home mortgage
Financing Receivable Recorded Investment [Line Items]
Loans	419,469	173,303
Home mortgage | Pass
Financing Receivable Recorded Investment [Line Items]
Loans	418,486	172,265
Home mortgage | Special Mention
Financing Receivable Recorded Investment [Line Items]
Loans	0	0
Home mortgage | Substandard
Financing Receivable Recorded Investment [Line Items]
Loans	983	1,038
Home mortgage | Doubtful
Financing Receivable Recorded Investment [Line Items]
Loans	0	0
Consumer
Financing Receivable Recorded Investment [Line Items]
Loans	2,000	865
Consumer | Pass
Financing Receivable Recorded Investment [Line Items]
Loans	2,000	865
Consumer | Special Mention
Financing Receivable Recorded Investment [Line Items]
Loans	0	0
Consumer | Substandard
Financing Receivable Recorded Investment [Line Items]
Loans	0	0
Consumer | Doubtful
Financing Receivable Recorded Investment [Line Items]
Loans	$ 0	$ 0

Premises and Equipment - Schedu

Premises and Equipment - Schedule of Premises and Equipment (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Property Plant And Equipment [Line Items]
Total premises and equipment	$ 14,908	$ 13,860
Accumulated depreciation	(10,525)	(9,505)
Total premises and equipment, net	4,383	4,355
Leasehold improvements
Property Plant And Equipment [Line Items]
Total premises and equipment	7,824	7,375
Furniture and fixtures
Property Plant And Equipment [Line Items]
Total premises and equipment	3,880	3,530
Equipment and others
Property Plant And Equipment [Line Items]
Total premises and equipment	$ 3,204	$ 2,955

Premises and Equipment - Additi

Premises and Equipment - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 349	$ 332	$ 1,020	$ 989

Servicing Assets - Additional I

Servicing Assets - Additional Information (Details) - USD ($)	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Servicing Assets At Amortized Value [Line Items]
Valuation allowance for impairment	$ 0		$ 0
Servicing assets	$ 17,263,000	$ 15,100,000	$ 15,505,000
Minimum
Servicing Assets At Amortized Value [Line Items]
Fair value of servicing assets, discount rates	4.83%	3.80%
Fair value of servicing assets, prepayment speed	13%	14.30%
Maximum
Servicing Assets At Amortized Value [Line Items]
Fair value of servicing assets, discount rates	10.30%	10%
Fair value of servicing assets, prepayment speed	13.30%	14.70%

Servicing Assets - Schedule of

Servicing Assets - Schedule of Activity for Loan Servicing Assets (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Analysis of Changes in Activity
Beginning balance	$ 12,341	$ 12,903	$ 12,720	$ 7,360
Amortized to expense	(984)	(1,047)	(3,512)	(2,448)
Ending balance	12,889	12,389	12,889	12,389
Loans sold with servicing retained
Analysis of Changes in Activity
Additions	1,532	533	3,681	1,380
Purchase Of Servicing Rights
Analysis of Changes in Activity
Additions			$ 0	$ 6,097

Deposits - Additional Informati

Deposits - Additional Information (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Time Deposits [Line Items]
Time deposits greater than $250,000	$ 277,785	$ 207,288
Principal Officers, Directors, and Affiliates
Time Deposits [Line Items]
Deposits from principal officers, directors, and their affiliates	$ 1,400	$ 1,200

Deposits - Schedule of Maturiti

Deposits - Schedule of Maturities of Time Deposits (Details) $ in Thousands	Sep. 30, 2022 USD ($)
Deposits [Abstract]
Remainder of 2022	$ 127,992
2023	361,488
2024	6,110
2025	1,153
2026 and thereafter	526
Total	$ 497,269

Borrowing Arrangements - Additi

Borrowing Arrangements - Additional Information (Details) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
Federal home loan bank borrowings	$ 10,000,000	$ 0
Letter of credit	67,000,000	67,000,000
Financial Instruments Owned and Pledged as Collateral [Line Items]
Loans	1,599,649,000	1,297,896,000
Asset Pledged as Collateral
Financial Instruments Owned and Pledged as Collateral [Line Items]
Loans	$ 1,140,000,000	$ 958,300,000

Borrowing Arrangements - Summar

Borrowing Arrangements - Summary of Borrowings Available to the Company from Institutions (Details) $ in Thousands	Sep. 30, 2022 USD ($)
Debt Disclosure [Line Items]
Amount of borrowings	$ 686,465
FHLB—San Francisco
Debt Disclosure [Line Items]
Amount of borrowings	406,523
Federal Reserve Bank
Debt Disclosure [Line Items]
Amount of borrowings	179,942
Pacific Coast Bankers Bank
Debt Disclosure [Line Items]
Amount of borrowings	50,000
Zions Bank
Debt Disclosure [Line Items]
Amount of borrowings	25,000
First Horizon Bank
Debt Disclosure [Line Items]
Amount of borrowings	$ 25,000

Income Tax - Additional Informa

Income Tax - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Tax Disclosure [Abstract]
Income tax expense	$ 3,515,000	$ 3,246,000	$ 10,325,000	$ 8,054,000
Effective income tax rate	28.90%	28.20%	29%	29%
Unrealized tax benefits	$ 0	$ 0	$ 0	$ 0

Commitments and Contingencies -

Commitments and Contingencies - Schedule of Distribution of Undisbursed Credit-related Commitments (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Other commitment	$ 193,738	$ 122,016
Loan commitments
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Other commitment	186,291	116,511
Standby letter of credit
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Letters of credit outstanding	6,467	4,477
Commercial letter of credit
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Letters of credit outstanding	$ 980	$ 1,028

Commitments and Contingencies_2

Commitments and Contingencies - Investments in Low Income Housing Partnerships, Net and Related Unfunded Commitments (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Investments in low-income housing partnerships	$ 12,326	$ 7,911
Unfunded commitments to fund investments for low-income housing partnerships	$ 9,111	$ 4,825

Commitments and Contingencies_3

Commitments and Contingencies - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Recognized amortization expense	$ 210	$ 151	$ 584	$ 405
Recognized tax credits and other benefits	$ 266	$ 190	$ 738	$ 506

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022 USD ($) plan shares	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($) plan shares	Sep. 30, 2021 USD ($)	Dec. 31, 2021 shares	Dec. 31, 2013 shares	Dec. 31, 2010 shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of stock-based compensation plans | plan	3		3
Share based compensation expense | $	$ 335	$ 167	$ 858	$ 403
2005 Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation shares authorized under stock option plans (in shares)	770,000		770,000
Percent of the fair value options granted			100%
Weighted average remaining contractual term stock options outstanding			11 months 19 days
Weighted average remaining contractual life for options exercisable			11 months 19 days
Number of options outstanding, Granted (in shares)			0
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 (in shares)						2,500,000	1,350,000
Percent of the fair value options granted			100%
Weighted average remaining contractual term stock options outstanding			1 year 6 months
Weighted average remaining contractual life for options exercisable			1 year 6 months
Number of options outstanding, Granted (in shares)			0
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 Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unrecognized compensation costs related to unvested stock options | $	$ 27		$ 27
Unrecognized compensation costs weighted average period			1 year 8 months 12 days
2021 Plan | Restricted Stock Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation shares authorized under stock option plans (in shares)					1,500,000
Percent of the fair value options granted			100%
Unrecognized compensation costs weighted average period			2 years 9 months 10 days
Number of options outstanding, Granted (in shares)			0
Shares available for future grant (in shares)	1,128,087		1,128,087
Unrecognized compensation costs related to unvested restricted stock awards | $	$ 3,100		$ 3,100

Stock-Based Compensation - Sche

Stock-Based Compensation - Schedule of Stock-based Compensation Stock Options Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
2005 Plan
Stock Option Activity
Number of options outstanding, Beginning of period (in shares)	52,000
Number of options outstanding, Granted (in shares)	0
Number of options outstanding, Exercised (in shares)	(12,000)
Number of options outstanding, Forfeited (in shares)	0
Number of options outstanding, Expired (in shares)	0
Number of options outstanding, Ending of period (in shares)	40,000
Weighted Average Exercise Price
Weighted average exercise price, Outstanding beginning (USD per share)	$ 6.37
Weighted average exercise price, Granted (USD per share)	0
Weighted average exercise price, Exercised (USD per share)	5.33
Weighted average exercise price, Forfeited (USD per share)	0
Weighted average exercise price, Expired (USD per share)	0
Weighted average exercise price, Outstanding ending (USD per share)	$ 6.24
Stock Option Additional Disclosures
Number of options outstanding, Full vested and expected to vest (in shares)	40,000
Number of options outstanding, Vested (in shares)	40,000
Weighted average exercise price, Full vested and expected to vest (USD per share)	$ 6.24
Weighted average exercise price, Vested (USD per share)	$ 6.24
Aggregate intrinsic value, Outstanding	$ 195	$ 333
Aggregate intrinsic value, Fully vested and expected to vest	195
Aggregate intrinsic value, Vested	$ 195
2010 Plan
Stock Option Activity
Number of options outstanding, Beginning of period (in shares)	210,000
Number of options outstanding, Granted (in shares)	0
Number of options outstanding, Exercised (in shares)	0
Number of options outstanding, Forfeited (in shares)	0
Number of options outstanding, Expired (in shares)	0
Number of options outstanding, Ending of period (in shares)	210,000
Weighted Average Exercise Price
Weighted average exercise price, Outstanding beginning (USD per share)	$ 8
Weighted average exercise price, Granted (USD per share)	0
Weighted average exercise price, Exercised (USD per share)	0
Weighted average exercise price, Forfeited (USD per share)	0
Weighted average exercise price, Expired (USD per share)	0
Weighted average exercise price, Outstanding ending (USD per share)	$ 8
Stock Option Additional Disclosures
Number of options outstanding, Full vested and expected to vest (in shares)	210,000
Number of options outstanding, Vested (in shares)	210,000
Weighted average exercise price, Full vested and expected to vest (USD per share)	$ 8
Weighted average exercise price, Vested (USD per share)	$ 8
Aggregate intrinsic value, Outstanding	$ 655	$ 1,000
Aggregate intrinsic value, Fully vested and expected to vest	655
Aggregate intrinsic value, Vested	$ 655

Stock-Based Compensation - Sc_2

Stock-Based Compensation - Schedule of Information Related to Stock Option Plan (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Cash received from option exercises			$ 64	$ 89
2005 Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Intrinsic value of options exercised	$ 60	$ 0	60	174
Cash received from option exercises	64	0	64	64
Tax benefit realized from option exercised	2	0	2	20
2010 Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Intrinsic value of options exercised	0	0	0	86
Cash received from option exercises	0	0	0	25
Tax benefit realized from option exercised	0	0	0	0
2010 Plan | Restricted Stock Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Tax (provision) benefit realized from awards vested	0	0	0	(85)
2021 Plan | Restricted Stock Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Tax (provision) benefit realized from awards vested	$ 0	$ 0	$ 12	$ 0

Stock-Based Compensation - Sc_3

Stock-Based Compensation - Schedule of Changes in Non-vested Restricted Stock Awards (Details) - Restricted Stock Units - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
2010 Plan
Equity Instruments Other than Options Activity
Shares issued, Non-vested beginning of period (in shares)	21,000
Shares issued, Awards granted (in shares)	0
Shares issued, Awards vested (in shares)	0
Shares issued, Awards forfeited (in shares)	(6,500)
Shares issued, Non-vested end of period (in shares)	14,500
Weighted Average Grant Date Fair Value
Weighted average grant date fair value, Non-vested beginning of period (USD per share)	$ 7.95
Weighted average grant date fair value, Awards granted (USD per share)	0
Weighted average grant date fair value, Awards vested (USD per share)	0
Weighted average grant date fair value, Awards forfeited (USD per share)	6.37
Weighted average grant date fair value, Non-vested end of period (USD per share)	$ 8.66
Aggregate intrinsic value, Non-vested end of year	$ 161	$ 268
2021 Plan
Equity Instruments Other than Options Activity
Shares issued, Non-vested beginning of period (in shares)	176,641
Shares issued, Awards granted (in shares)	217,553
Shares issued, Awards vested (in shares)	(58,798)
Shares issued, Awards forfeited (in shares)	(15,030)
Shares issued, Non-vested end of period (in shares)	320,366
Weighted Average Grant Date Fair Value
Weighted average grant date fair value, Non-vested beginning of period (USD per share)	$ 9.90
Weighted average grant date fair value, Awards granted (USD per share)	12.59
Weighted average grant date fair value, Awards vested (USD per share)	9.90
Weighted average grant date fair value, Awards forfeited (USD per share)	12.30
Weighted average grant date fair value, Non-vested end of period (USD per share)	$ 11.62
Aggregate intrinsic value, Non-vested end of year	$ 3,562	$ 2,254

Employee Benefit Plan - Additio

Employee Benefit Plan - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Retirement Benefits [Abstract]
Employee minimum service period			3 months
Eligibility age of employees for plan			18 years
Employer contribution amount	$ 216	$ 188	$ 642	$ 557

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale debt securities, at fair value	$ 186,438	$ 150,444
Other investment securities:
Mutual fund - CRA qualified	3,300	3,700
Residential mortgage-backed securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale debt securities, at fair value	43,307	37,412
Residential collateralized mortgage obligations
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale debt securities, at fair value	143,131	113,032
Fair Value, Measurements, Recurring
Other investment securities:
Mutual fund - CRA qualified	3,306	3,708
Fair Value, Measurements, Recurring | Residential mortgage-backed securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale debt securities, at fair value	43,307	37,412
Fair Value, Measurements, Recurring | Residential collateralized mortgage obligations
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale debt securities, at fair value	143,131	113,032
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets (Level 1)
Other investment securities:
Mutual fund - CRA qualified	3,306	3,708
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets (Level 1) | Residential mortgage-backed securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale debt securities, at fair value	0	0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets (Level 1) | Residential collateralized mortgage obligations
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale debt securities, at fair value	0	0
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2)
Other investment securities:
Mutual fund - CRA qualified	0	0
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Residential mortgage-backed securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale debt securities, at fair value	43,307	37,412
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Residential collateralized mortgage obligations
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale debt securities, at fair value	143,131	113,032
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3)
Other investment securities:
Mutual fund - CRA qualified	0	0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Residential mortgage-backed securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale debt securities, at fair value	0	0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Residential collateralized mortgage obligations
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale debt securities, at fair value	$ 0	$ 0

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Schedule of Fair Value Hierarchy and Fair Value of Assets that Were Still Held and Had Fair Value Adjustments Measured On a Nonrecurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Financing Receivable Impaired [Line Items]
Impaired loans	$ 1,533,583	$ 1,291,926
Quoted Prices in Active Markets (Level 1)
Financing Receivable Impaired [Line Items]
Impaired loans	0	0
Significant Other Observable Inputs (Level 2)
Financing Receivable Impaired [Line Items]
Impaired loans	0	0
Significant Unobservable Inputs (Level 3)
Financing Receivable Impaired [Line Items]
Impaired loans	1,533,583	1,291,926
Fair Value, Measurements, Nonrecurring
Financing Receivable Impaired [Line Items]
Impaired loans	410	814
Fair Value, Measurements, Nonrecurring | Quoted Prices in Active Markets (Level 1)
Financing Receivable Impaired [Line Items]
Impaired loans	0	0
Fair Value, Measurements, Nonrecurring | Significant Other Observable Inputs (Level 2)
Financing Receivable Impaired [Line Items]
Impaired loans	0	0
Fair Value, Measurements, Nonrecurring | Significant Unobservable Inputs (Level 3)
Financing Receivable Impaired [Line Items]
Impaired loans	$ 410	$ 814

Fair Value of Financial Instr_5

Fair Value of Financial Instruments - Schedule of Increase (Decrease) In Value of Certain Assets Held at End of Respective Reporting Periods Presented for Which a Nonrecurring Fair Value Adjustment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Fair Value, Measurements, Nonrecurring | Loans Receivable
Financing Receivable Impaired [Line Items]
Impaired loans	$ 5	$ (106)	$ 15	$ (99)

Fair Value of Financial Instr_6

Fair Value of Financial Instruments - Schedule of Information about Significant Unobservable Inputs Utilized in Company's Nonrecurring Level 3 Fair Value Measurements (Details) $ in Thousands	Sep. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Impaired loans	$ 1,533,583	$ 1,291,926
Significant Unobservable Inputs (Level 3)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Impaired loans	1,533,583	1,291,926
Fair Value, Measurements, Nonrecurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Impaired loans	410	814
Fair Value, Measurements, Nonrecurring | Significant Unobservable Inputs (Level 3)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Impaired loans	$ 410	$ 814
Fair Value, Measurements, Nonrecurring | SBA loans—real estate | Income approach - income capitalization | Capitalization rate
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Measurements Inputs	0.120	0.120
Fair Value, Measurements, Nonrecurring | SBA loans—real estate | Minimum | Market approach | Market data comparison
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Measurements Inputs		0.02
Fair Value, Measurements, Nonrecurring | SBA loans—real estate | Maximum | Market approach | Market data comparison
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Measurements Inputs		0.17
Fair Value, Measurements, Nonrecurring | SBA loans—real estate | Weighted Average | Market approach | Market data comparison
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Measurements Inputs		0.087
Fair Value, Measurements, Nonrecurring | SBA loans—real estate | Weighted Average | Income approach - income capitalization | Capitalization rate
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Measurements Inputs	0.120	0.120
Fair Value, Measurements, Nonrecurring | SBA loans—real estate | Significant Unobservable Inputs (Level 3) | Market approach | Market data comparison
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Impaired loans		$ 419
Fair Value, Measurements, Nonrecurring | SBA loans—real estate | Significant Unobservable Inputs (Level 3) | Income approach - income capitalization | Capitalization rate
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Impaired loans	$ 410	$ 395

Fair Value of Financial Instr_7

Fair Value of Financial Instruments - Carrying Amounts and Estimated Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021
Financial Assets:
Cash and cash equivalents	$ 107,281	$ 115,459
Loans held for sale	39,801	99,301
Loans receivable, net	1,533,583	1,291,926
Accrued interest receivable, net	5,856	4,579
Other investments:
Time deposits placed	95	95
Servicing assets	17,263	15,505	$ 15,100
Financial Liabilities:
Deposit	1,806,368	1,534,066
FHLB Advances	10,000
Accrued interest payable	1,099	558
Carrying Amount
Financial Assets:
Cash and cash equivalents	107,281	115,459
Loans held for sale	36,642	89,428
Loans receivable, net	1,599,649	1,297,896
Accrued interest receivable, net	5,856	4,579
Other investments:
FHLB and PCBB stock	8,673	7,196
Time deposits placed	95	95
Servicing assets	12,889	12,720
Financial Liabilities:
Deposit	1,816,811	1,534,066
FHLB Advances	10,000
Accrued interest payable	1,099	558
Level 1
Financial Assets:
Cash and cash equivalents	107,281	115,459
Loans held for sale	0	0
Loans receivable, net	0	0
Accrued interest receivable, net	75	0
Other investments:
Time deposits placed	0	0
Servicing assets	0	0
Financial Liabilities:
Deposit	0	0
FHLB Advances	0
Accrued interest payable	0	0
Level 2
Financial Assets:
Cash and cash equivalents	0	0
Loans held for sale	39,801	99,301
Loans receivable, net	0	0
Accrued interest receivable, net	578	348
Other investments:
Time deposits placed	95	95
Servicing assets	0	0
Financial Liabilities:
Deposit	1,806,368	1,534,066
FHLB Advances	10,000
Accrued interest payable	1,099	558
Level 3
Financial Assets:
Cash and cash equivalents	0	0
Loans held for sale	0	0
Loans receivable, net	1,533,583	1,291,926
Accrued interest receivable, net	5,203	4,231
Other investments:
Time deposits placed	0	0
Servicing assets	17,263	15,505
Financial Liabilities:
Deposit	0	0
FHLB Advances	0
Accrued interest payable	$ 0	$ 0

Regulatory Capital Matters - Ad

Regulatory Capital Matters - Additional Information (Details)	Sep. 30, 2022
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]
Capital conservation buffer	2.50%

Regulatory Capital Matters - Sc

Regulatory Capital Matters - Schedule of Actual and Required Capital Amounts and Ratios, Exclusive of Capital Conservation Buffer (Details) $ in Thousands	Sep. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Total capital (to risk-weighted assets), Actual Amount	$ 205,902	$ 182,439
Tier 1 capital (to risk-weighted assets), Actual Amount	187,343	165,944
Common equity Tier 1 capital (to risk-weighted assets), Actual Amount	187,343	165,944
Tier 1 capital (to average assets), Actual Amount	$ 187,343	$ 165,944
Total capital (to risk-weighted assets), Actual Ratio	0.1310	0.1366
Tier 1 capital (to risk-weighted assets), Actual Ratio	0.1192	0.1242
Common equity Tier 1 capital (to risk-weighted assets), Actual Ratio	0.1192	0.1242
Tier 1 capital (to average assets), Actual Ratio	0.0952	0.0958
Bank
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Total capital (to risk-weighted assets), Actual Amount	$ 203,851	$ 179,882
Tier 1 capital (to risk-weighted assets), Actual Amount	185,293	163,387
Common equity Tier 1 capital (to risk-weighted assets), Actual Amount	185,293	163,387
Tier 1 capital (to average assets), Actual Amount	$ 185,293	$ 163,387
Total capital (to risk-weighted assets), Actual Ratio	0.1297	0.1347
Tier 1 capital (to risk-weighted assets), Actual Ratio	0.1179	0.1223
Common equity Tier 1 capital (to risk-weighted assets), Actual Ratio	0.1179	0.1223
Tier 1 capital (to average assets), Actual Ratio	0.0941	0.0944
Total capital (to risk-weighted assets), Amount, Required for Capital Adequacy Purposes	$ 125,716	$ 106,857
Tier 1 capital (to risk-weighted assets), Amount, Required for Capital Adequacy Purposes	94,287	80,143
Common equity Tier 1 capital (to risk-weighted assets), Amount, Required for Capital Adequacy Purposes	70,715	60,107
Tier 1 capital (to average assets), Amount, Required for Capital Adequacy Purposes	$ 78,726	$ 69,266
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"	$ 157,145	$ 133,572
Tier 1 capital (to risk-weighted assets), Amount, Minimum To be Considered "Well Capitalized"	125,716	106,857
Common equity Tier 1 capital (to risk-weighted assets), Amount, Minimum To be Considered "Well Capitalized"	102,144	86,822
Tier 1 capital (to average assets), Amount, Minimum To be Considered "Well Capitalized"	$ 98,408	$ 86,582
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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Basic
Net income	$ 8,650	$ 8,250	$ 25,282	$ 19,706
Undistributed earnings allocated to participating securities	(188)	(109)	(532)	(216)
Net income allocated to common shares	$ 8,462	$ 8,141	$ 24,750	$ 19,490
Weighted average common shares outstanding (shares)	15,195,826	15,133,407	15,158,749	15,071,327
Basic earnings per common share (in dollars per share)	$ 0.56	$ 0.54	$ 1.63	$ 1.29
Diluted
Net income allocated to common shares	$ 8,462	$ 8,141	$ 24,750	$ 19,490
Weighted average common shares outstanding for basic earnings per common share (shares)	15,195,826	15,133,407	15,158,749	15,071,327
Add: Dilutive effects of assumed exercises of stock options	79,330	67,206	87,596	62,246
Average shares and dilutive potential common shares (shares)	15,275,156	15,200,613	15,246,345	15,133,573
Diluted earnings per common share (in dollars per share)	$ 0.55	$ 0.54	$ 1.62	$ 1.29

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Earnings Per Share [Abstract]
Antidilutive shares of common stock excluded from computation of earnings per share (shares)	0	0	0	0