California Bancorp (CALB) 10-Q 14 May 21 2021 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2021	May 10, 2021
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Fiscal Year Focus	2021
Document Period End Date	Mar. 31, 2021
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Document Quarterly Report	true
Entity Registrant Name	California BanCorp
Entity Central Index Key	0001752036
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding		8,208,586
Title of 12(b) Security	Common Stock
Trading Symbol	CALB
Security Exchange Name	NASDAQ
Entity Incorporation, State or Country Code	CA
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Address, Country	CA

Consolidated Statements of Fina

Consolidated Statements of Financial Condition (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
ASSETS:
Cash and due from banks	$ 18,475	$ 22,485
Federal funds sold	342,305	396,032
Total cash and cash equivalents	360,780	418,517
Investment securities, available for sale	58,105	55,093
Loans, net of allowance for losses of $14,577 and $14,111 at March 31, 2021 and December 31, 2020, respectively	1,454,167	1,355,482
Premises and equipment, net	5,452	5,778
Bank owned life insurance (BOLI)	23,920	23,718
Goodwill and other intangible assets	7,544	7,554
Accrued interest receivable and other assets	37,620	39,637
Total assets	1,947,588	1,905,779
Deposits
Non-interest bearing	742,574	673,100
Interest bearing	887,141	859,106
Total deposits	1,629,715	1,532,206
Other borrowings	134,819	189,043
Junior Subordinated debt securities	24,729	24,994
Accrued interest payable and other liabilities	19,147	23,126
Total liabilities	1,808,410	1,769,369
Commitments and Contingencies (Note 5)
Shareholders' equity
Common stock, no par value; 40,000,000 shares authorized; 8,189,598 and 8,171,734 issued and outstanding at March 31, 2021 and December 31, 2020, respectively	108,430	107,948
Retained earnings	30,630	27,821
Accumulated other comprehensive income, net of taxes	118	641
Total shareholders' equity	139,178	136,410
Total liabilities and shareholders' equity	$ 1,947,588	$ 1,905,779

Consolidated Statements of Fi_2

Consolidated Statements of Financial Condition (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Allowance for losses	$ 14,577	$ 14,111
Common stock, par value	$ 0	$ 0
Common stock, shares authorized	40,000,000	40,000,000
Common stock, shares issued	8,189,598	8,171,734
Common stock, shares outstanding	8,189,598	8,171,734

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Interest income
Loans	$ 14,584	$ 11,783
Federal funds sold	88	329
Investment securities	360	191
Total interest income	15,032	12,303
Interest expense
Deposits	1,191	1,994
Borrowings and subordinated debt	505	127
Total interest expense	1,696	2,121
Net interest income	13,336	10,182
Provision for loan losses	300	400
Net interest income after provision for loan losses	13,036	9,782
Non-interest income
Service charges and other fees	641	970
Other	280	320
Total non-interest income	921	1,290
Non-interest expense
Salaries and benefits	6,367	6,477
Premises and equipment	1,197	1,139
Professional fees	589	955
Data processing	580	526
Other	1,347	1,310
Total non-interest expense	10,080	10,407
Income before provision for income taxes	3,877	665
Provision for income taxes	1,068	192
Net income	$ 2,809	$ 473
Earnings per common share
Basic	$ 0.34	$ 0.06
Diluted	$ 0.34	$ 0.06
Average common shares outstanding	8,179,667	8,103,248
Average common and equivalent shares outstanding	8,242,467	8,169,898

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Statement of Comprehensive Income [Abstract]
Net Income	$ 2,809	$ 473
Other comprehensive income
Unrealized gain (loss) on securities available for sale	(743)	75
Reclassification adjustment for realized loss on securities available for sale		70
Tax effect	220	(44)
Total other comprehensive income (loss)	(523)	101
Total comprehensive income	$ 2,286	$ 574

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]
Balance (in shares) at Dec. 31, 2019		8,092,966
Balance at Dec. 31, 2019	$ 130,256	$ 106,427	$ 23,518	$ 311
Stock awards issued and related compensation expense, shares		25,215
Stock awards issued and related compensation expense	413	$ 413
Shares withheld to pay taxes on stock based compensation , shares		(7,550)
Shares withheld to pay taxes on stock based compensation	(133)	$ (133)
Stock options exercised , shares		11,217
Stock options exercised	83	$ 83
Net income	473		473
Other comprehensive income	101			101
Balance (in shares) at Mar. 31, 2020		8,121,848
Balance at Mar. 31, 2020	131,193	$ 106,790	23,991	412
Balance (in shares) at Dec. 31, 2020		8,171,734
Balance at Dec. 31, 2020	136,410	$ 107,948	27,821	641
Stock awards issued and related compensation expense, shares		3,369
Stock awards issued and related compensation expense	383	$ 383
Stock options exercised , shares		14,495
Stock options exercised	99	$ 99
Net income	2,809		2,809
Other comprehensive income	(523)			(523)
Balance (in shares) at Mar. 31, 2021		8,189,598
Balance at Mar. 31, 2021	$ 139,178	$ 108,430	$ 30,630	$ 118

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Cash flows from operating activities:
Net income	$ 2,809	$ 473
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses	300	400
Provision for deferred taxes	220	120
Depreciation	398	315
Deferred loan fees, net	2,129	312
Accretion on discount of purchased loans, net	(36)	(35)
Stock based compensation, net	383	280
Increase in cash surrender value of life insurance	(162)	(153)
Discount on retained portion of sold loans, net	(9)	(156)
Loss on sale of investment securities, net		70
Increase in accrued interest receivable and other assets	762	47
Decrease in accrued interest payable and other liabilities	(3,418)	(1,730)
Net cash from operating activities	3,376	(57)
Cash flows from investing activities:
Purchase of investment securities	(7,245)	(15,100)
Proceeds from sales of investment securities		7,662
Proceeds from principal payments on investment securities	4,217	1,641
Net increase in loans	(101,068)	(19,671)
Purchase of low income tax credit investments	(290)	(26)
Purchase of premises and equipment	(72)	(74)
Purchase of bank-owned life insurance policies	(40)	(815)
Net cash used in investing activities	(104,498)	(26,383)
Cash flows from financing activities:
Net increase in customer deposits	97,509	40,625
Paydown of long term borrowing	(54,223)
Proceeds from short term and overnight borrowings		12,000
Proceeds from exercised stock options	99	83
Net cash provided by financing activities	43,385	52,708
Increase in cash and cash equivalents	(57,737)	26,268
Cash and cash equivalents, beginning of period	418,517	114,342
Cash and cash equivalents, end of period	360,780	140,610
Supplemental disclosure of cash flow information:
Recording of right to use assets and operating lease liabilities		4,079
Cash paid during the year for:
Interest	$ 1,725	2,147
Income taxes		$ 164

Nature of Operations

Nature of Operations	3 Months Ended
	Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations	1. NATURE OF OPERATIONS Organization California BanCorp (the “Company”, or ‘we”), a California corporation headquartered in Oakland, California, is the bank holding company for its wholly-owned subsidiary California Bank of Commerce (the “Bank”). The Bank has 2 full service branches in California located in Contra Costa County and Santa Clara County and 4 loan production offices in California located in Alameda County, Contra Costa County, Sacramento County, and Santa Clara County. Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q 10-K The results of operations for the three months ended March 31, 2021 are not necessarily indicative of the results of operations that may be expected for any other interim period or for the year ending December 31, 2021. The Company’s accounting and reporting policies conform to GAAP and to general practices within the banking industry. Subsequent Events Management has reviewed all events through the date these unaudited consolidated financial statements were filed with the SEC and concluded that no event required any adjustment to the balances presented. Use of Estimates Management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. These estimates and assumptions affect the amounts reported in the unaudited consolidated financial statements and the disclosures provided, and actual results could differ. The estimates utilized to determine the appropriate allowance for loan losses at March 31, 2021 may be materially different from actual results due to the COVID-19 COVID-19 Reclassifications Certain prior balances in the unaudited consolidated financial statements may have been reclassified to conform to current year presentation. These reclassifications had no effect on prior year net income or shareholders’ equity. Earnings Per Share (“EPS”) Basic earnings per common share represents the amount of earnings for the period available to each share of common stock outstanding during the reporting period. Basic EPS is computed based upon net income divided by the weighted average number of common shares outstanding during the period. In determining the weighted average number of shares outstanding, vested restricted stock units are included. Diluted EPS represents the amount of earnings for the period available to each share of common stock outstanding including common stock that would have been outstanding assuming the issuance of common shares for all dilutive potential common shares outstanding during each reporting period. Diluted EPS is computed based upon net income divided by the weighted average number of common shares outstanding during each period, adjusted for the effect of dilutive potential common shares, such as restricted stock awards and units, calculated using the treasury stock method. Three months ended March 31, (Dollars in thousands, except per share data) 2021 2020 Net income available to common shareholders $ 2,809 $ 473 Weighted average basic common shares outstanding 8,179,667 8,103,248 Add: dilutive potential common shares 62,800 66,650 Weighted average diluted common shares outstanding 8,242,467 8,169,898 Basic earnings per share $ 0.34 $ 0.06 Diluted earnings per share $ 0.34 $ 0.06 New Financial Accounting Standards In December 2019, the Financial Accounting Standards Board (“FASB”) issued “Simplifying the Accounting for Income Taxes (Topic 740)” (“ASU 2019-12”) 2019-12 In June 2016, the FASB issued ASU 2016-13, held-to off-balance

Investment Securities

Investment Securities	3 Months Ended
	Mar. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Investment Securities	2. INVESTMENT SECURITIES The following table summarizes the amortized cost and estimated fair value of securities available for sale at March 31, 2021 and December 31, 2020. Gross Gross Estimated Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in thousands) At March 31, 2021: Mortgage backed securities $ 29,305 $ 538 $ (405 ) $ 29,438 Government agencies 2,392 — (7 ) 2,385 Corporate bonds 26,241 500 (459 ) 26,282 Total available for sale securities $ 57,938 $ 1,038 $ (871 ) $ 58,105 At December 31, 2020: Mortgage backed securities $ 27,541 $ 669 $ (17 ) $ 28,193 Government agencies 2,418 — (6 ) 2,412 Corporate bonds 24,224 434 (170 ) 24,488 Total available for sale securities $ 54,183 $ 1,103 $ (193 ) $ 55,093 Net unrealized gains/(losses) on available for sale investment securities totaling $167,000 and $910,000 were recorded, net of deferred tax assets, as accumulated other comprehensive income within shareholders’ equity at March 31, 2021 and December 31, 2020, respectively. The Company purchased 2 securities for $7.2 million and did not sell available for sale investment securities during the three months ended March 31, 202 1 The following table summarizes securities with unrealized losses at March 31, 2021 and December 31, 2020 aggregated by major security type and length of time in a continuous unrealized loss position. Less Than 12 Months More Than 12 Months Total Unrealized Unrealized Unrealized (Dollars in thousands) Fair Value Losses Fair Value Losses Fair Value Losses At March 31, 2021: Mortgage backed securities $ 15,460 $ (405 ) $ — $ — $ 15,460 $ (405 ) Government agencies 2,376 (7 ) — — 2,376 (7 ) Corporate bonds 6,291 (459 ) — — 6,291 (459 ) Total available for sale securities $ 24,127 $ (871 ) $ — $ — $ 24,127 $ (871 ) At December 31, 2020: Mortgage backed securities $ 4,481 $ (17 ) $ — $ — $ 4,481 $ (17 ) Government agencies 2,412 (6 ) — — 2,412 (6 ) Corporate bonds 7,830 (170 ) — — 7,830 (170 ) Total available for sale securities $ 14,723 $ (193 ) $ — $ — $ 14,723 $ (193 ) At March 31, 2021 the Company’s investment security portfolio consisted of 31 securities, six The following table summarizes the scheduled maturities of available for sale investment securities as of March 31, 2021. March 31, 2021 Amortized Fair (Dollars in thousands) Cost Value Available for sale securities: Less than one year $ — $ — One to five years 9,067 9,324 Five to ten years 5,250 5,286 Beyond ten years 11,924 11,672 Securities not due at a single maturity date 31,697 31,823 Total available for sale securities $ 57,938 $ 58,105 The amortized cost and fair value of debt securities are shown by contractual maturity. Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. As such, mortgage backed securities and government agencies are not included in the maturity categories above and instead are shown separately as securities not due at a single maturity date.

Loans and Allowance For Loan Lo

Loans and Allowance For Loan Losses	3 Months Ended
	Mar. 31, 2021
Receivables [Abstract]
Loans and Allowance For Loan Losses	3. LOANS AND ALLOWANCE FOR LOAN LOSSES Outstanding loans as of March 31, 2021 and December 31, 2020 are summarized below. Certain loans have been pledged to secure borrowing arrangements (see Note 4). Additionally, SBA loans include loans funded under the Paycheck Protection Program under the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), which was enacted as a result of the COVID-19 March 31, December 31, (Dollars in thousands) 2021 2020 Commercial and industrial 439,044 414,548 Real estate - other 573,520 550,690 Real estate - construction and land 45,550 37,193 SBA 364,273 317,564 Other 47,926 49,075 Total loans, gross 1,470,313 1,369,070 Deferred loan origination (fees)/costs, net (1,569 ) 523 Allowance for loan losses (14,577 ) (14,111 ) Total loans, net 1,454,167 1,355,482 The following table reflects the loan portfolio allocated by management’s internal risk ratings at March 31, 2021 and December 31, 2020. Commercial Real Estate and Real Estate Construction (Dollars in thousands) Industrial Other and Land SBA Other Total As of March 31, 2021 Grade: Pass $ 424,029 $ 561,153 $ 41,549 $ 361,863 $ 47,926 $ 1,436,520 Special Mention 11,544 7,607 1,306 995 — 21,452 Substandard 3,471 4,760 2,695 1,415 — 12,341 Total $ 439,044 $ 573,520 $ 45,550 $ 364,273 $ 47,926 $ 1,470,313 As of December 31, 2020 Grade: Pass $ 401,629 $ 540,153 $ 34,543 $ 315,277 $ 49,075 $ 1,340,677 Special Mention 9,013 2,911 872 859 — 13,655 Substandard 3,906 7,626 1,778 1,428 — 14,738 Total $ 414,548 $ 550,690 $ 37,193 $ 317,564 $ 49,075 $ 1,369,070 The following table reflects an aging analysis of the loan portfolio by the time past due at March 31, 2021 and December 31, 2020. (Dollars in thousands) 30 Days 60 Days 90+ Days Non-Accrual Current Total As of March 31, 2021 Commercial and industrial $ 749 $ — $ — $ — $ 438,295 $ 439,044 Real estate - other 1,000 — — — 572,520 573,520 Real estate - construction and land — — — — 45,550 45,550 SBA — — — 234 364,039 364,273 Other — — — — 47,926 47,926 Total loans, gross $ 1,749 $ — $ — $ 234 $ 1,468,330 $ 1,470,313 As of December 31, 2020 Commercial and industrial $ — $ — $ — $ — $ 414,548 $ 414,548 Real estate - other 1,505 — — — 549,185 550,690 Real estate - construction and land — — — — 37,193 37,193 SBA — — — 234 317,330 317,564 Other — — — — 49,075 49,075 Total loans, gross $ 1,505 $ — $ — $ 234 $ 1,367,331 $ 1,369,070 The following table reflects the impairment methodology applied to gross loans by portfolio segment and the related allowance for loan losses as of March 31, 2021 and December 31, 2020. Commercial Real Estate and Real Estate Construction (Dollars in thousands) Industrial Other and Land SBA Other Total As of March 31, 2021 Gross loans: Loans individually evaluated for impairment $ 1,873 $ — $ — $ 687 $ — $ 2,560 Loans collectively evaluated for impairment 437,171 573,520 45,550 363,586 47,926 1,467,753 Total gross loans $ 439,044 $ 573,520 $ 45,550 $ 364,273 $ 47,926 $ 1,470,313 Allowance for loan losses: Loans individually evaluated for impairment $ 41 $ — $ — $ 258 $ — $ 299 Loans collectively evaluated for impairment 9,190 3,957 798 317 16 14,278 Total allowance for loan losses $ 9,231 $ 3,957 $ 798 $ 575 $ 16 $ 14,577 As of December 31, 2020 Gross loans: Loans individually evaluated for impairment $ 2,288 $ — $ — $ 689 $ — $ 2,977 Loans collectively evaluated for impairment 412,260 550,690 37,193 316,875 49,075 1,366,093 Total loans $ 414,548 $ 550,690 $ 37,193 $ 317,564 $ 49,075 $ 1,369,070 Allowance for loan losses: Loans individually evaluated for impairment $ 41 $ — $ — $ 259 $ — $ 300 Loans collectively evaluated for impairment 8,882 3,877 681 345 26 13,811 Total allowance for loan losses $ 8,923 $ 3,877 $ 681 $ 604 $ 26 $ 14,111 The following table reflects information related to impaired loans as of March 31, 2021 and December 31, 2020. Unpaid Average Interest Recorded Principal Related Recorded Income (Dollars in thousands) Investment Balance Allowance Investment Recognized As of March 31, 2021 With no related allowance recorded: SBA $ 234 $ 479 $ — $ 1,913 $ — With an allowance recorded: Commercial and industrial $ 1,873 $ 1,873 $ 41 $ 2,013 $ 30 SBA $ 453 $ 453 $ 258 $ 766 $ 18 Total: Commercial and industrial $ 1,873 $ 1,873 $ 41 $ 2,013 $ 30 SBA $ 687 $ 932 $ 258 $ 2,679 $ 18 As of December 31, 2020 With no related allowance recorded: SBA $ 234 $ 479 $ — $ 1,917 $ — With an allowance recorded: Commercial and industrial $ 2,288 $ 2,288 $ 41 $ 2,137 $ 148 SBA $ 455 $ 455 $ 259 $ 3,921 $ 57 Total: Commercial and industrial $ 2,288 $ 2,288 $ 41 $ 2,137 $ 148 SBA $ 689 $ 934 $ 259 $ 5,838 $ 57 The following table reflects the changes in, and allocation of, the allowance for loan losses by portfolio segment for the three months ended March 31, 2021 and March 31, 2020. Commercial Real Estate and Real Estate Construction (Dollars in thousands) Industrial Other and Land SBA Other Total Three months ended March 31, 2021 Beginning balance $ 8,923 $ 3,877 $ 681 $ 604 $ 26 $ 14,111 Provision for loan losses 142 80 117 (29 ) (10 ) 300 Charge-offs — — — — — — Recoveries 166 — — — — 166 Ending balance $ 9,231 $ 3,957 $ 798 $ 575 $ 16 $ 14,577 Three months ended March 31, 2020 Beginning balance $ 6,708 $ 3,281 $ 1,022 $ 50 $ 14 $ 11,075 Provision for loan losses 1,045 (620 ) (292 ) 271 (4 ) 400 Charge-offs — — — — — — Recoveries 90 — — — — 90 Ending balance $ 7,843 $ 2,661 $ 730 $ 321 $ 10 $ 11,565 Interest forgone on nonaccrual loans totaled $8,000 and $82,000 for the three months ended March 31, 2021 and 2020, respectively. There was no interest recognized on a cash-basis on impaired loans for the three months ended March 31, 2021 and 2020, respectively. The recorded investment in impaired loans in the tables above excludes accrued interest receivable and net deferred loan origination costs due to their immateriality. Trouble Debt Restructurings At March 31, 2021 and December 31, 2020, the Company had no recorded investments or allocated specific reserves related to loans with terms that had been modified in troubled debt restructurings. The Company had no commitments as of March 31, 2021 and December 31, 2020 to customers with outstanding loans that were classified as troubled debt restructurings. There were no new troubled debt restructurings during the three months ended March 31, 2021 and 2020. The Company had no troubled debt restructurings with a subsequent payment default within twelve months following the modification during the three months ended March 31, 2021 and 2020. COVID-19 For additional information regarding the impact of COVID-19

Borrowing Arrangements

Borrowing Arrangements	3 Months Ended
	Mar. 31, 2021
Debt Disclosure [Abstract]
Borrowing Arrangements	4. BORROWING ARRANGEMENTS The Company has a borrowing arrangement with the Federal Reserve Bank of San Francisco (FRB) under which advances are secured by portions of the Bank’s loan and investment securities portfolios. The Company’s credit limit varies according to the amount and composition of the assets pledged as collateral. At March 31, 2021, amounts pledged and available borrowing capacity under such limits were approximately $412.7 million and $309.3 million, respectively. At December 31, 2020, amounts pledged and available borrowing capacity under such limits were approximately $458.7 million and $358.5 million, respectively. In April 2020, the Company secured an additional arrangement with the FRB for a $332.7 million Paycheck Protection Liquidity Facility (PPPLF) two year term borrowing maturing in April 2022 at a fixed rate of 0.35%. As of March 31, 2021, the PPPLF borrowing had an outstanding balance of $119.8 million. The Company has a borrowing arrangement with the Federal Home Loan Bank (FHLB) under which advances are secured by portions of the Bank’s loan portfolio. The Company two years Under Federal Funds line of credit agreements with several correspondent banks, the Company can borrow up to $116.0 million. There were no borrowings outstanding under these arrangements at March 31, 2021 and December 31, 2020. The Company maintains a revolving line of credit with a commitment of $5.0 million for a six month term at a rate of Prime plus 0.40%. At March 31, 2021 and December 31, 2020, no borrowings were outstanding under this line of credit. The Company entered into a three year borrowing arrangement with a correspondent bank on March 20, 2020 for $12.0 million. The note is secured by the Company’s investment in the Bank and has a fixed rate of 3.95%. There were no borrowings outstanding under this arrangement at March 31, 2021. The Bank issued $5.0 million in subordinated debt on April 15, 2016. The subordinated debt has a fixed interest rate of 5.875% for the first 5 years. After the fifth year, the interest rate changes to a variable rate of prime plus 2.00%. The subordinated debt was recorded net of related issuance costs of $87,000. On both March 31, 2021 and December 31, 2020, the balance remained at $5.0 million, net of the remaining unamortized issuance cost. The Company issued $20.0 million in subordinated debt on September 30, 2020. The subordinated debt has a fixed interest rate of 5.00% for the first 5 years and a stated maturity of September 30, 2030. After the fifth year, the interest rate changes to a quarterly variable rate equal to then current three-month term SOFR plus 0.488%. The subordinated debt was recorded net of related issuance costs of $300,000. At March 31, 2021 and December 31, 2020, the balance remained at $20.0 million, net of the remaining unamortized issuance cost.

Commitments and Contingent Liab

Commitments and Contingent Liabilities	3 Months Ended
	Mar. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingent Liabilities	5. COMMITMENTS AND CONTINGENT LIABILITIES Financial Instruments with Off-Balance The Company is a party to financial instruments with off-balance-sheet Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since some of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Company evaluates each customer’s creditworthiness on a case-by-case At March 31, 2021 and December 31, 2020, the Company had outstanding unfunded commitments for loans of approximately $534.3 million and $491.1 million, respectively. Unfunded loan commitment reserves, included in the allowance for loan losses, totaled $355,000 and $305,000 at March 31, 2021 and December 31, 2020, respectively. The outstanding unfunded commitments for loans at March 31, 2021 was comprised of fixed rate commitments of approximately $24.8 million and variable rate commitments of approximately $509.5 million. The following table reflects the interest rate and maturity ranges for the unfunded fixed rate loan commitments as of March 31, 2021. Over One Due in Year But One Year Less Than Over (Dollars in thousands) Or Less Five Years Five Years Total Unfunded fixed rate loan commitments: Interest rate less than or equal to 4.00% $ 8,386 $ 607 $ 6,000 $ 14,993 Interest rate between 4.00% and 5.00% 3,774 3,995 879 8,648 Interest rate greater than or equal to 5.00% — 250 878 1,128 Total unfunded fixed rate loan commitments $ 12,160 $ 4,852 $ 7,757 $ 24,769 Operating Leases The Company leases various office premises under long-term operating lease agreements. These leases expire between 2021 and 2027, with certain leases containing either three, five, or seven year renewal options. The following table reflects the quantitative information for the Company’s leases at March 31, 2021. March 31, (Dollars in thousands) 2021 Operating lease cost (cost resulting from lease payments) $ 531 Operating lease - operating cash flows (fixed payments) $ 602 Operating lease - ROU assets $ 7,854 Operating lease - liabilities $ 9,874 Weighted average lease term - operating leases 3.0 years Weighted average discount rate - operating leases 0.35 % The following table reflects the minimum commitments under these non-cancellable March 31, (Dollars in thousands) 2021 2021 $ 1,828 2022 2,441 2023 1,497 2024 1,456 2025 1,500 Thereafter 1,792 Total undiscounted cash flows 10,514 Discount on cash flows (640 ) Total lease li a $ 9,874 Rent expense included in premises and equipment expense totaled $531,000 and $622,000 for the three months ended March 31, 2021 and 2020, respectively. Contingencies The Company is involved in legal proceedings arising from normal business activities. Management, based upon the advice of legal counsel, believes the ultimate resolution of all pending legal actions will not have a material effect on the Company’s financial position or results of operations. Correspondent Banking Agreements The Company maintains funds on deposit with other federally insured financial institutions under correspondent banking agreements. Insured financial institution deposits up to $250,000 are fully insured by the FDIC under the FDIC’s general deposit insurance rules. At March 31, 2021, uninsured deposits at financial institutions were approximately $26.0 million. At December 31, 2020, uninsured deposits at financial institutions were approximately $8.7 million.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	6. FAIR VALUE MEASUREMENTS Fair Value Hierarchy The Company groups its assets and liabilities measured at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. Valuations within these levels are based upon: Level 1—Quoted market prices for identical instruments traded in active exchange markets. Level 2—Quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable or can be corroborated by observable market data. Level 3—Model-based techniques that use at least one significant assumption not observable in the market. These unobservable assumptions reflect the Company’s estimates of assumptions that market participants would use on pricing the asset or liability. Valuation techniques include management judgment and estimation which may be significant. Management monitors the availability of observable market data to assess the appropriate classification of financial instruments within the fair value hierarchy. Changes in economic conditions or model-based valuation techniques may require the transfer of financial instruments from one fair value level to another. In such instances, the transfer is reported at the beginning of the reporting period. Management evaluates the significance of transfers between levels based upon the nature of the financial instrument and size of the transfer relative to total assets, total liabilities or total earnings. The carrying amounts and estimated fair values of financial instruments at March 31, 2021 and December 31, 2020 are as follows: Carrying Fair Value Measurements (Dollars in thousands) Amount Level 1 Level 2 Level 3 Total As of March 31, 2021 Financial assets: Cash and due from banks $ 360,780 $ 360,780 $ — $ — $ 360,780 Securities available for sale 58,105 — 58,105 — 58,105 Loans, net 1,454,167 — — 1,460,129 1,460,129 Accrued interest receivable 6,597 — 301 6,296 6,597 Financial liabilities: Deposits $ 1,629,715 $ 1,521,050 $ 108,917 $ — $ 1,629,967 Other borrowings 134,819 — — 134,860 134,860 Subordinated debt 24,729 — — 25,588 25,588 Accrued interest payable 516 — 51 465 516 As of December 31, 2020 Financial assets: Cash and due from banks $ 418,517 $ 418,517 $ — $ — $ 418,517 Securities available for sale 55,093 — 55,093 — 55,093 Loans, net 1,355,482 — — 1,360,845 1,360,845 Accrued interest receivable 6,578 — 225 6,353 6,578 Financial liabilities: Deposits $ 1,532,206 $ 1,331,572 $ 200,888 $ — $ 1,532,460 Other borrowings 189,043 — — 189,123 189,123 Subordinated debt 24,994 — — 24,642 24,642 Accrued interest payable 545 — 51 494 545 These estimates do not reflect any premium or discount that could result from offering the Company’s entire holdings of a particular financial instrument for sale at one time, nor do they attempt to estimate the value of anticipated future business related to the instruments. In addition, the tax ramifications related to the realization of unrealized gains and losses can have a significant effect on fair value estimates and have not been considered in any of these estimates. The methods and assumptions used to estimate fair values are described as follows: Cash and Due from banks—The carrying amounts of cash and short-term instruments approximate fair values and are classified as Level 1. Investment Securities—Since quoted prices are generally not available for identical securities, fair values are calculated based on market prices of similar securities on similar dates, resulting in Level 2 classification. FHLB, IBFC, PCBB Stock—It is not practical to determine the fair value of these correspondent bank stocks due to restrictions placed on their transferability. Loans—Fair values of loans for March 31, 2021 and December 31, 2020 are estimated on an exit price basis with contractual cash flow, prepayments, discount spreads, credit loss and liquidity premium assumptions. Loans with similar characteristics such as prepayment rates, terms and rate indexed are aggregated for purposes of the calculations. Impaired loans—Impaired loans are evaluated on a quarterly basis for additional impairment and adjusted accordingly. The fair value of impaired loans with specific allocations of the allowance for loan losses that are secured by real property 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. The methods utilized to estimate the fair value of impaired loans do not necessarily represent an exit price. Deposits—The fair values disclosed for demand deposits (e.g., interest and non-interest FHLB Advances—FHLB Advances are included in Other Borrowings. Fair values for FHLB Advances are estimated using discounted cash flow analyses using interest rates offered at each reporting date by correspondent banks for advances with similar maturities resulting in Level 3 classification. Paycheck Protection Program Liquidity Facility (PPPLF)—The fair value of PPPLF is estimated using a discounted cash flow based on the remaining contractual term and current rates at which similar advances would be obtained resulting in Level 3 classification. Senior Notes—Fair values for senior notes are estimated using a discounted cash flow calculation based on current rates for similar types of debt which may be unobservable, and considering recent trading activity of similar instruments in market which can be inactive and accordingly are classified within in the Level 3 classification. Subordinated Debt—Fair values for subordinated debt are calculated based on its terms and were discounted to the date of the valuation to calculate the fair value on the debt. A market rate based on recent debt offering by peer bank was used to discount cash flow until reprice date and subsequently cash flow were discounted at Prime plus 2% for its security. These assumptions which may be unobservable, and considering recent trading activity of similar instruments in market which can be inactive and accordingly are classified within the Level 3 classification. Accrued Interest Receivable—The carrying amounts of accrued interest receivable approximate fair value resulting in a Level 2 classification for accrued interest receivable on investment securities and a Level 3 classification for accrued interest receivable on loans since investment securities are generally classified using Level 2 inputs and loans are generally classified using Level 3 inputs. Accrued Interest Payable—The carrying amounts of accrued interest payable approximate fair value resulting in a Level 2 classification, since accrued interest payable is from deposits that are generally classified using Level 2 inputs. Off Balance Sheet Instruments—Fair values for off-balance Assets Recorded at Fair Value on a Recurring Basis The Company is required or permitted to record the following assets at fair value on a recurring basis. (Dollars in thousands) Fair Value Level 1 Level 2 Level 3 As of March 31, 2021 Investments available for sale: Mortgage backed securities $ 29,438 $ — $ 29,438 $ — Government agencies 2,385 — 2,385 — Corporate bonds 26,282 — 26,282 — Total assets measured at fair value on a recurring basis $ 58,105 $ — $ 58,105 $ — As of December 31, 2020 Investments available for sale: Mortgage backed securities $ 28,193 $ — $ 28,193 $ — Government agencies 2,412 — 2,412 — Corporate bonds 24,488 — 24,488 — Total assets measured at fair value on a recurring basis $ 55,093 $ — $ 55,093 $ — Fair values for available-for-sale Assets Recorded at Fair Value on a Non-Recurring The Company may be required, from time to time, to measure certain assets at fair value on a non-recurring non-recurring Carrying Fair Value Measurements (Dollars in thousands) Amount Level 1 Level 2 Level 3 As of March 31, 2021 Impaired loans - SBA $ 687 $ — $ — $ 687 Total assets measured at fair value on a non-recurring $ 687 $ — $ — $ 687 As of December 31, 2020 Impaired loans - SBA $ 689 $ — $ — $ 689 Total assets measured at fair value on a non-recurring $ 689 $ — $ — $ 689 The fair value of impaired loans is based upon independent market prices, estimated liquidation values of loan collateral or appraised value of the collateral as determined by third-party independent appraisers, less selling costs, generally. Level 3 fair value measurement includes other real estate owned that has been measured at fair value upon transfer to foreclosed assets and impaired loans collateralized by real property and other business asset collateral where a specific reserve has been established or a charged-off

Business Impact Of Covid-19

Business Impact Of Covid-19	3 Months Ended
	Mar. 31, 2021
Text Block [Abstract]
Business Impact Of Covid-19	7. BUSINESS IMPACT OF COVID-19 During 2020, the COVID-19 COVID-19 COVID-19 non-essential Investments Management has analyzed the investment portfolio and determined that any impairment would be temporary based on the type of investments the company holds. As part of the Company’s assessment of other-than-temporary-impairment (OTTI), management considered coronavirus COVID-19 Loan Portfolio The Company has taken measures to both support customers affected by the pandemic and to maintain strong asset quality, including implementing a broad-based risk management strategy to manage credit segments on a real-time basis, and monitoring portfolio risk and related mitigation strategies also by segment. The Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) and the revised interagency guidance issued in April 2020, “Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working With Customers Affected by the Coronavirus (Revised)”, provide banks the option to temporarily suspend certain requirements under GAAP related to Troubled Debt Restructurings (“TDRs”) for a limited time to account for the effects of COVID-19. COVID-19 COVID-19 COVID-19 COVID-19. COVID-19 Proactive Deferral Program: As a result of the novel coronavirus COVID-19, Paycheck Protection Program (PPP): The Company is also participating in the SBA Paycheck Protection Program (PPP). Key Features of the PPP include: • 24-month 60-month • Interest-rate of 1% • Deferred payments until such time the SBA remits the borrower’s loan forgiveness amount to the lender or, if the borrower does not apply for loan forgiveness, 10 months after the end of the borrower’s loan forgiveness period • Loan forgiveness if the funds are used for payroll costs, interest on mortgages, rent, and utilities (at least 60% of the forgiven amount must have been used for payroll); no collateral or personal guarantees are required; neither the government nor lenders will charge any fees • Forgiveness dependent on the employer maintaining or quickly rehiring employees and maintaining salary levels; forgiveness will be reduced if full-time headcount declines, or if salaries and wages decrease • Loans guaranteed by the United States Treasury Department Following the launch of PPP in April 2020, the Company processed 100% of the approximately 730 applications received and all of the eligible applications that were submitted to the SBA received approval, resulting in loans funded of $362.0 million. As of March 31, 2021, loan balances totaling approximately $120.4 million had been approved for forgiveness and the funds remitted to the Company. Additionally, approximately $5.4 million in loan balances had been repaid to the Company directly from our clients. At March 31, 2021, the outstanding balance of the loans funded under the 2020 PPP was $236.2 million. In January 2021, the SBA relaunched the PPP for both first draw and second draw participants that are eligible for the program. Eligible borrowers that previously received a PPP loan may apply for a second draw with the same general loan terms as their first draw PPP loan. The key features of the relaunched program are similar to the initial PPP. As of March 31, 2021, the Company processed 100% of the approximately 370 applications received and all of the eligible applications that were submitted to the SBA received approval, resulting in loans funded of $117.2 million. The following table reflects the concentration of PPP loans funded and outstanding through the Paycheck Protection Program Liquidity Facility (PPPLF) as of March 31, 2021. Number of Principal Number of Loans as a % of Principal Balance as a % of (Dollars in millions) Loans Balance PPP Loans Gross Loans PPP Loans Gross Loans Dental services 371 $ 62.6 46 % 17 % 18 % 4 % Contractors 110 130.6 14 % 5 % 37 % 9 % Other 325 160.2 40 % 15 % 45 % 11 % Total 806 $ 353.4 100 % 37 % 100 % 24 % The PPP loans categorized above as “other” are comprised of multiple sectors, including professional/scientific services, retail, manufacturing, finance, wholesale, and real estate. The Company’s participation in the PPP had the following impact on the operating results for the first quarter ended March 31, 2021: • Funding of loans under the PPP and related borrowing under the Paycheck Protection Program Liquidity Facility (PPPLF) provided net benefit to net interest income of $2.3 million during the first quarter ended March 31, 2021, including the impact of amortization of deferred fees and origination costs. • The Company received $9.1 million in fees during 2020 related to the origination of PPP loans and $3.9 million in similar fees during 2021. Recognition of the fees was deferred at origination and is being recognized over the • The Company deferred loan origination costs of approximately $3.0 million related to PPP loans which are being amortized over the remaining term of the PPP loans. Additionally, the Company deferred loan origination costs of approximately $1.7 million year-to-date • The continued uncertainty regarding the severity and duration of the pandemic and related economic effects considered in our qualitative assessment of the allowance for loan losses resulted in a gross increase in the provision for the first quarter ended March 31, 2021 of approximately $200,000. Our overall analysis of the allowance for loan losses considers multiple qualitative factors that may, in part, offset the gross impact on the provision specifically related to COVID-19. Goodwill The Company completed an impairment analysis of goodwill as of March 31, 2021 and determined there was no impairment. Goodwill impairment exists when a reporting unit’s carrying value exceeds its fair value, which is determined through a qualitative assessment whether it is more likely than not that the fair value of equity of the reporting unit exceeds the carrying value (“Step Zero”). As part of the Company’s qualitative assessment of goodwill impairment, management considered the triggering event of coronavirus COVID-19

Nature of Operations (Tables)

Nature of Operations (Tables)	3 Months Ended
	Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Summary of Earnings Per Share, Basic and Diluted	Three months ended March 31, (Dollars in thousands, except per share data) 2021 2020 Net income available to common shareholders $ 2,809 $ 473 Weighted average basic common shares outstanding 8,179,667 8,103,248 Add: dilutive potential common shares 62,800 66,650 Weighted average diluted common shares outstanding 8,242,467 8,169,898 Basic earnings per share $ 0.34 $ 0.06 Diluted earnings per share $ 0.34 $ 0.06

Investment Securities (Tables)

Investment Securities (Tables)	3 Months Ended
	Mar. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Debt Securities, Available-for-sale	The following table summarizes the amortized cost and estimated fair value of securities available for sale at March 31, 2021 and December 31, 2020. Gross Gross Estimated Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in thousands) At March 31, 2021: Mortgage backed securities $ 29,305 $ 538 $ (405 ) $ 29,438 Government agencies 2,392 — (7 ) 2,385 Corporate bonds 26,241 500 (459 ) 26,282 Total available for sale securities $ 57,938 $ 1,038 $ (871 ) $ 58,105 At December 31, 2020: Mortgage backed securities $ 27,541 $ 669 $ (17 ) $ 28,193 Government agencies 2,418 — (6 ) 2,412 Corporate bonds 24,224 434 (170 ) 24,488 Total available for sale securities $ 54,183 $ 1,103 $ (193 ) $ 55,093
Summary of available for sale securities and held to maturity securities continuous unrealized loss position fair value	The following table summarizes securities with unrealized losses at March 31, 2021 and December 31, 2020 aggregated by major security type and length of time in a continuous unrealized loss position. Less Than 12 Months More Than 12 Months Total Unrealized Unrealized Unrealized (Dollars in thousands) Fair Value Losses Fair Value Losses Fair Value Losses At March 31, 2021: Mortgage backed securities $ 15,460 $ (405 ) $ — $ — $ 15,460 $ (405 ) Government agencies 2,376 (7 ) — — 2,376 (7 ) Corporate bonds 6,291 (459 ) — — 6,291 (459 ) Total available for sale securities $ 24,127 $ (871 ) $ — $ — $ 24,127 $ (871 ) At December 31, 2020: Mortgage backed securities $ 4,481 $ (17 ) $ — $ — $ 4,481 $ (17 ) Government agencies 2,412 (6 ) — — 2,412 (6 ) Corporate bonds 7,830 (170 ) — — 7,830 (170 ) Total available for sale securities $ 14,723 $ (193 ) $ — $ — $ 14,723 $ (193 )
Summary of maturities available for sale investment securities	The following table summarizes the scheduled maturities of available for sale investment securities as of March 31, 2021. March 31, 2021 Amortized Fair (Dollars in thousands) Cost Value Available for sale securities: Less than one year $ — $ — One to five years 9,067 9,324 Five to ten years 5,250 5,286 Beyond ten years 11,924 11,672 Securities not due at a single maturity date 31,697 31,823 Total available for sale securities $ 57,938 $ 58,105

Loans and Allowance For Loan _2

Loans and Allowance For Loan Losses (Tables)	3 Months Ended
	Mar. 31, 2021
Loans and Leases Receivable Disclosure [Line Items]
Summary of Outstanding Loans	Outstanding loans as of March 31, 2021 and December 31, 2020 are summarized below. Certain loans have been pledged to secure borrowing arrangements (see Note 4). Additionally, SBA loans include loans funded under the Paycheck Protection Program under the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), which was enacted as a result of the COVID-19 March 31, December 31, (Dollars in thousands) 2021 2020 Commercial and industrial 439,044 414,548 Real estate - other 573,520 550,690 Real estate - construction and land 45,550 37,193 SBA 364,273 317,564 Other 47,926 49,075 Total loans, gross 1,470,313 1,369,070 Deferred loan origination (fees)/costs, net (1,569 ) 523 Allowance for loan losses (14,577 ) (14,111 ) Total loans, net 1,454,167 1,355,482
Summary of Information Related to Impaired Loans	The following table reflects information related to impaired loans as of March 31, 2021 and December 31, 2020. Unpaid Average Interest Recorded Principal Related Recorded Income (Dollars in thousands) Investment Balance Allowance Investment Recognized As of March 31, 2021 With no related allowance recorded: SBA $ 234 $ 479 $ — $ 1,913 $ — With an allowance recorded: Commercial and industrial $ 1,873 $ 1,873 $ 41 $ 2,013 $ 30 SBA $ 453 $ 453 $ 258 $ 766 $ 18 Total: Commercial and industrial $ 1,873 $ 1,873 $ 41 $ 2,013 $ 30 SBA $ 687 $ 932 $ 258 $ 2,679 $ 18 As of December 31, 2020 With no related allowance recorded: SBA $ 234 $ 479 $ — $ 1,917 $ — With an allowance recorded: Commercial and industrial $ 2,288 $ 2,288 $ 41 $ 2,137 $ 148 SBA $ 455 $ 455 $ 259 $ 3,921 $ 57 Total: Commercial and industrial $ 2,288 $ 2,288 $ 41 $ 2,137 $ 148 SBA $ 689 $ 934 $ 259 $ 5,838 $ 57
Loans Receivable [Member]
Loans and Leases Receivable Disclosure [Line Items]
Summary of Financing Receivable and Related Impairment Methodology	The following table reflects the impairment methodology applied to gross loans by portfolio segment and the related allowance for loan losses as of March 31, 2021 and December 31, 2020. Commercial Real Estate and Real Estate Construction (Dollars in thousands) Industrial Other and Land SBA Other Total As of March 31, 2021 Gross loans: Loans individually evaluated for impairment $ 1,873 $ — $ — $ 687 $ — $ 2,560 Loans collectively evaluated for impairment 437,171 573,520 45,550 363,586 47,926 1,467,753 Total gross loans $ 439,044 $ 573,520 $ 45,550 $ 364,273 $ 47,926 $ 1,470,313 Allowance for loan losses: Loans individually evaluated for impairment $ 41 $ — $ — $ 258 $ — $ 299 Loans collectively evaluated for impairment 9,190 3,957 798 317 16 14,278 Total allowance for loan losses $ 9,231 $ 3,957 $ 798 $ 575 $ 16 $ 14,577 As of December 31, 2020 Gross loans: Loans individually evaluated for impairment $ 2,288 $ — $ — $ 689 $ — $ 2,977 Loans collectively evaluated for impairment 412,260 550,690 37,193 316,875 49,075 1,366,093 Total loans $ 414,548 $ 550,690 $ 37,193 $ 317,564 $ 49,075 $ 1,369,070 Allowance for loan losses: Loans individually evaluated for impairment $ 41 $ — $ — $ 259 $ — $ 300 Loans collectively evaluated for impairment 8,882 3,877 681 345 26 13,811 Total allowance for loan losses $ 8,923 $ 3,877 $ 681 $ 604 $ 26 $ 14,111
Summary of Allowance for Loan Losses	The following table reflects the changes in, and allocation of, the allowance for loan losses by portfolio segment for the three months ended March 31, 2021 and March 31, 2020. Commercial Real Estate and Real Estate Construction (Dollars in thousands) Industrial Other and Land SBA Other Total Three months ended March 31, 2021 Beginning balance $ 8,923 $ 3,877 $ 681 $ 604 $ 26 $ 14,111 Provision for loan losses 142 80 117 (29 ) (10 ) 300 Charge-offs — — — — — — Recoveries 166 — — — — 166 Ending balance $ 9,231 $ 3,957 $ 798 $ 575 $ 16 $ 14,577 Three months ended March 31, 2020 Beginning balance $ 6,708 $ 3,281 $ 1,022 $ 50 $ 14 $ 11,075 Provision for loan losses 1,045 (620 ) (292 ) 271 (4 ) 400 Charge-offs — — — — — — Recoveries 90 — — — — 90 Ending balance $ 7,843 $ 2,661 $ 730 $ 321 $ 10 $ 11,565
Summary of Loan Portfolio Allocated by Management's Internal Risk Ratings	The following table reflects the loan portfolio allocated by management’s internal risk ratings at March 31, 2021 and December 31, 2020. Commercial Real Estate and Real Estate Construction (Dollars in thousands) Industrial Other and Land SBA Other Total As of March 31, 2021 Grade: Pass $ 424,029 $ 561,153 $ 41,549 $ 361,863 $ 47,926 $ 1,436,520 Special Mention 11,544 7,607 1,306 995 — 21,452 Substandard 3,471 4,760 2,695 1,415 — 12,341 Total $ 439,044 $ 573,520 $ 45,550 $ 364,273 $ 47,926 $ 1,470,313 As of December 31, 2020 Grade: Pass $ 401,629 $ 540,153 $ 34,543 $ 315,277 $ 49,075 $ 1,340,677 Special Mention 9,013 2,911 872 859 — 13,655 Substandard 3,906 7,626 1,778 1,428 — 14,738 Total $ 414,548 $ 550,690 $ 37,193 $ 317,564 $ 49,075 $ 1,369,070
Summary of Aging Analysis of the Loan Portfolio by the Time Past Due	The following table reflects an aging analysis of the loan portfolio by the time past due at March 31, 2021 and December 31, 2020. (Dollars in thousands) 30 Days 60 Days 90+ Days Non-Accrual Current Total As of March 31, 2021 Commercial and industrial $ 749 $ — $ — $ — $ 438,295 $ 439,044 Real estate - other 1,000 — — — 572,520 573,520 Real estate - construction and land — — — — 45,550 45,550 SBA — — — 234 364,039 364,273 Other — — — — 47,926 47,926 Total loans, gross $ 1,749 $ — $ — $ 234 $ 1,468,330 $ 1,470,313 As of December 31, 2020 Commercial and industrial $ — $ — $ — $ — $ 414,548 $ 414,548 Real estate - other 1,505 — — — 549,185 550,690 Real estate - construction and land — — — — 37,193 37,193 SBA — — — 234 317,330 317,564 Other — — — — 49,075 49,075 Total loans, gross $ 1,505 $ — $ — $ 234 $ 1,367,331 $ 1,369,070

Commitments and Contingent Li_2

Commitments and Contingent Liabilities (Tables)	3 Months Ended
	Mar. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Summary of Unfunded Fixed Rate Loan Commitments	Over One Due in Year But One Year Less Than Over (Dollars in thousands) Or Less Five Years Five Years Total Unfunded fixed rate loan commitments: Interest rate less than or equal to 4.00% $ 8,386 $ 607 $ 6,000 $ 14,993 Interest rate between 4.00% and 5.00% 3,774 3,995 879 8,648 Interest rate greater than or equal to 5.00% — 250 878 1,128 Total unfunded fixed rate loan commitments $ 12,160 $ 4,852 $ 7,757 $ 24,769
Summary of Quantitative Information About Operating Leases	The following table reflects the quantitative information for the Company’s leases at March 31, 2021. March 31, (Dollars in thousands) 2021 Operating lease cost (cost resulting from lease payments) $ 531 Operating lease - operating cash flows (fixed payments) $ 602 Operating lease - ROU assets $ 7,854 Operating lease - liabilities $ 9,874 Weighted average lease term - operating leases 3.0 years Weighted average discount rate - operating leases 0.35 %
Summary of Lessee, Operating Lease	The following table reflects the minimum commitments under these non-cancellable March 31, (Dollars in thousands) 2021 2021 $ 1,828 2022 2,441 2023 1,497 2024 1,456 2025 1,500 Thereafter 1,792 Total undiscounted cash flows 10,514 Discount on cash flows (640 ) Total lease li a $ 9,874

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2021
Fair Value Disclosures [Abstract]
Summary of Carrying Amounts and Estimated Fair Values of Financial Instruments	The carrying amounts and estimated fair values of financial instruments at March 31, 2021 and December 31, 2020 are as follows: Carrying Fair Value Measurements (Dollars in thousands) Amount Level 1 Level 2 Level 3 Total As of March 31, 2021 Financial assets: Cash and due from banks $ 360,780 $ 360,780 $ — $ — $ 360,780 Securities available for sale 58,105 — 58,105 — 58,105 Loans, net 1,454,167 — — 1,460,129 1,460,129 Accrued interest receivable 6,597 — 301 6,296 6,597 Financial liabilities: Deposits $ 1,629,715 $ 1,521,050 $ 108,917 $ — $ 1,629,967 Other borrowings 134,819 — — 134,860 134,860 Subordinated debt 24,729 — — 25,588 25,588 Accrued interest payable 516 — 51 465 516 As of December 31, 2020 Financial assets: Cash and due from banks $ 418,517 $ 418,517 $ — $ — $ 418,517 Securities available for sale 55,093 — 55,093 — 55,093 Loans, net 1,355,482 — — 1,360,845 1,360,845 Accrued interest receivable 6,578 — 225 6,353 6,578 Financial liabilities: Deposits $ 1,532,206 $ 1,331,572 $ 200,888 $ — $ 1,532,460 Other borrowings 189,043 — — 189,123 189,123 Subordinated debt 24,994 — — 24,642 24,642 Accrued interest payable 545 — 51 494 545
Summary of Assets at Fair Value on a Recurring Basis	The Company is required or permitted to record the following assets at fair value on a recurring basis. (Dollars in thousands) Fair Value Level 1 Level 2 Level 3 As of March 31, 2021 Investments available for sale: Mortgage backed securities $ 29,438 $ — $ 29,438 $ — Government agencies 2,385 — 2,385 — Corporate bonds 26,282 — 26,282 — Total assets measured at fair value on a recurring basis $ 58,105 $ — $ 58,105 $ — As of December 31, 2020 Investments available for sale: Mortgage backed securities $ 28,193 $ — $ 28,193 $ — Government agencies 2,412 — 2,412 — Corporate bonds 24,488 — 24,488 — Total assets measured at fair value on a recurring basis $ 55,093 $ — $ 55,093 $ —
Summary of Impaired Loans Measured at Fair Value on a Non-Recurring Basis	The following table summarizes impaired loans measured at fair value on a non-recurring Carrying Fair Value Measurements (Dollars in thousands) Amount Level 1 Level 2 Level 3 As of March 31, 2021 Impaired loans - SBA $ 687 $ — $ — $ 687 Total assets measured at fair value on a non-recurring $ 687 $ — $ — $ 687 As of December 31, 2020 Impaired loans - SBA $ 689 $ — $ — $ 689 Total assets measured at fair value on a non-recurring $ 689 $ — $ — $ 689

Business Impact Of Covid-19 (Ta

Business Impact Of Covid-19 (Tables)	3 Months Ended
	Mar. 31, 2021
Text Block [Abstract]
Schedule of loans funded through PPPLF	The following table reflects the concentration of PPP loans funded and outstanding through the Paycheck Protection Program Liquidity Facility (PPPLF) as of March 31, 2021. Number of Principal Number of Loans as a % of Principal Balance as a % of (Dollars in millions) Loans Balance PPP Loans Gross Loans PPP Loans Gross Loans Dental services 371 $ 62.6 46 % 17 % 18 % 4 % Contractors 110 130.6 14 % 5 % 37 % 9 % Other 325 160.2 40 % 15 % 45 % 11 % Total 806 $ 353.4 100 % 37 % 100 % 24 %

Nature of Operations - Summary

Nature of Operations - Summary of Earnings Per Share, Basic and Diluted (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Earnings Per Share [Abstract]
Net income available to common shareholders	$ 2,809	$ 473
Weighted average basic common shares outstanding	8,179,667	8,103,248
Add: dilutive potential common shares	62,800	66,650
Weighted average diluted common shares outstanding	8,242,467	8,169,898
Basic earnings per share	$ 0.34	$ 0.06
Diluted earnings per share	$ 0.34	$ 0.06

Investment Securities - Summary

Investment Securities - Summary Of The Amortized Cost And Estimated Fair Value Of Securities (Detail) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Debt Securities, Available-for-sale [Line Items]
Amortized cost	$ 57,938	$ 54,183
Gross unrealized gains	1,038	1,103
Gross unrealized losses	(871)	(193)
Estimated fair value	58,105	55,093
Corporate bonds [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized cost	26,241	24,224
Gross unrealized gains	500	434
Gross unrealized losses	(459)	(170)
Estimated fair value	26,282	24,488
Mortgage backed securities [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized cost	29,305	27,541
Gross unrealized gains	538	669
Gross unrealized losses	(405)	(17)
Estimated fair value	29,438	28,193
Government agencies [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized cost	2,392	2,418
Gross unrealized gains	0	0
Gross unrealized losses	(7)	(6)
Estimated fair value	$ 2,385	$ 2,412

Investment Securities - Summa_2

Investment Securities - Summary of Available-For-Sale Securities and Held to Maturity Securities, Continuous Unrealized Loss Position, Fair Value (Detail) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Investments Debt And Equity Securities [Line Items]
Less than 12 months fair value	$ 24,127	$ 14,723
Less than 12 months unrealized losses	(871)	(193)
Fair value	24,127	14,723
Unrealized losses	(871)	(193)
Mortgage backed securities [Member]
Investments Debt And Equity Securities [Line Items]
Less than 12 months fair value	15,460	4,481
Less than 12 months unrealized losses	(405)	(17)
Fair value	15,460	4,481
Unrealized losses	(405)	(17)
Government agencies [Member]
Investments Debt And Equity Securities [Line Items]
Less than 12 months fair value	2,376	2,412
Less than 12 months unrealized losses	(7)	(6)
Fair value	2,376	2,412
Unrealized losses	(7)	(6)
Corporate bonds [Member]
Investments Debt And Equity Securities [Line Items]
Less than 12 months fair value	6,291	7,830
Less than 12 months unrealized losses	(459)	(170)
Fair value	6,291	7,830
Unrealized losses	$ (459)	$ (170)

Investment Securities - Summa_3

Investment Securities - Summary of Maturities Available for Sale Investment Securities (Detail) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Amortized Cost Available for sale securities:
One to five years	$ 9,067
Five to ten years	5,250
Beyond ten years	11,924
Securities not due at a single maturity date	31,697
Total available for sale securities	57,938	$ 54,183
Fair Value Available for sale securities:
One to five years	9,324
Five to ten years	5,286
Beyond ten years	11,672
Securities not due at a single maturity date	31,823
Total available for sale securities	$ 58,105	$ 55,093

Investment Securities - Additio

Investment Securities - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2021USD ($)Securities	Mar. 31, 2020USD ($)Securities	Dec. 31, 2020Securities
Investments Debt And Equity Securities [Line Items]
Number of securities held in portfolio | Securities	31		29
Number of available for sale securities in unrealized loss positions | Securities	0	6
Net unrealized gains on available for sale investment securities	$ 167,000,000,000	$ 910,000
Payments to acquire securities	$ 7,200,000	15,100,000
Proceeds from sale of securities		$ 7,700,000

Loans and Allowance For Loan _3

Loans and Allowance For Loan Losses - Summary of Outstanding Loans (Detail) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2019
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable Gross	$ 1,470,313	$ 1,369,070
Deferred loan origination (fees)/costs, net	(1,569)	523
Allowance for loan losses	(14,577)	(14,111)	$ (11,565)	$ (11,075)
Total loans, net	1,454,167	1,355,482
Commercial And Industrial [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable Gross	439,044	414,548
Allowance for loan losses	(9,231)	(8,923)	(7,843)	(6,708)
Real Estate - Other [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable Gross	573,520	550,690
Real Estate - Construction & Land [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable Gross	45,550	37,193
Allowance for loan losses	(798)	(681)	(730)	(1,022)
SBA [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable Gross	364,273	317,564
Allowance for loan losses	(575)	(604)	(321)	(50)
Other Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable Gross	47,926	49,075
Allowance for loan losses	$ (16)	$ (26)	$ (10)	$ (14)

Loans and Allowance For Loan _4

Loans and Allowance For Loan Losses - Summary of Loan Portfolio Allocated by Management's Internal Risk Ratings (Detail) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Financing Receivable, Credit Quality Indicator [Line Items]
Credit Exposure	$ 1,470,313	$ 1,369,070
Commercial And Industrial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Credit Exposure	439,044	414,548
Real Estate Construction And Land [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Credit Exposure	45,550	37,193
SBA [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Credit Exposure	364,273	317,564
Other Loans [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Credit Exposure	47,926	49,075
Loans Receivable [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Credit Exposure	1,470,313	1,369,070
Loans Receivable [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Credit Exposure	1,436,520	1,340,677
Loans Receivable [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Credit Exposure	21,452	13,655
Loans Receivable [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Credit Exposure	12,341	14,738
Loans Receivable [Member] | Commercial And Industrial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Credit Exposure	439,044	414,548
Loans Receivable [Member] | Commercial And Industrial [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Credit Exposure	424,029	401,629
Loans Receivable [Member] | Commercial And Industrial [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Credit Exposure	11,544	9,013
Loans Receivable [Member] | Commercial And Industrial [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Credit Exposure	3,471	3,906
Loans Receivable [Member] | Real Estate, Other [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Credit Exposure	573,520	550,690
Loans Receivable [Member] | Real Estate, Other [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Credit Exposure	561,153	540,153
Loans Receivable [Member] | Real Estate, Other [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Credit Exposure	7,607	2,911
Loans Receivable [Member] | Real Estate, Other [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Credit Exposure	4,760	7,626
Loans Receivable [Member] | Real Estate Construction And Land [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Credit Exposure	45,550	37,193
Loans Receivable [Member] | Real Estate Construction And Land [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Credit Exposure	41,549	34,543
Loans Receivable [Member] | Real Estate Construction And Land [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Credit Exposure	1,306	872
Loans Receivable [Member] | Real Estate Construction And Land [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Credit Exposure	2,695	1,778
Loans Receivable [Member] | SBA [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Credit Exposure	364,273	317,564
Loans Receivable [Member] | SBA [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Credit Exposure	361,863	315,277
Loans Receivable [Member] | SBA [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Credit Exposure	995	859
Loans Receivable [Member] | SBA [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Credit Exposure	1,415	1,428
Loans Receivable [Member] | Other Loans [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Credit Exposure	47,926	49,075
Loans Receivable [Member] | Other Loans [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Credit Exposure	$ 47,926	$ 49,075

Loans and Allowance For Loan _5

Loans and Allowance For Loan Losses - Summary of Aging Analysis of the Loan Portfolio by the Time Past Due (Detail) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Financing Receivable, Past Due [Line Items]
Total	$ 1,470,313	$ 1,369,070
Commercial And Industrial [Member]
Financing Receivable, Past Due [Line Items]
Total	439,044	414,548
Real Estate - Construction & Land [Member]
Financing Receivable, Past Due [Line Items]
Total	45,550	37,193
SBA [Member]
Financing Receivable, Past Due [Line Items]
Total	364,273	317,564
Other Loans [Member]
Financing Receivable, Past Due [Line Items]
Total	47,926	49,075
Loans Receivable [Member]
Financing Receivable, Past Due [Line Items]
Nonaccrual	234	234
Current	1,468,330	1,367,331
Total	1,470,313	1,369,070
Loans Receivable [Member] | Over 30 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Past Due	1,749	1,505
Loans Receivable [Member] | Commercial And Industrial [Member]
Financing Receivable, Past Due [Line Items]
Current	438,295	414,548
Total	439,044	414,548
Loans Receivable [Member] | Commercial And Industrial [Member] | Over 30 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Past Due	749
Loans Receivable [Member] | Real Estate - Other [Member]
Financing Receivable, Past Due [Line Items]
Current	572,520	549,185
Total	573,520	550,690
Loans Receivable [Member] | Real Estate - Other [Member] | Over 30 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Past Due	1,000	1,505
Loans Receivable [Member] | Real Estate - Construction & Land [Member]
Financing Receivable, Past Due [Line Items]
Current	45,550	37,193
Total	45,550	37,193
Loans Receivable [Member] | SBA [Member]
Financing Receivable, Past Due [Line Items]
Nonaccrual	234	234
Current	364,039	317,330
Total	364,273	317,564
Loans Receivable [Member] | Other Loans [Member]
Financing Receivable, Past Due [Line Items]
Current	47,926	49,075
Total	$ 47,926	$ 49,075

Loans and Allowance For Loan _6

Loans and Allowance For Loan Losses - Summary of Financing Receivable and Related Impairment Methodology (Detail) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	$ 1,470,313	$ 1,369,070
Commercial And Industrial [Member]
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	439,044	414,548
Real Estate Construction & Land [Member]
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	45,550	37,193
SBA [Member]
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	364,273	317,564
Other Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	47,926	49,075
Loans Receivable [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans individually evaluated for impairment	2,560	2,977
Loans collectively evaluated for impairment	1,467,753	1,366,093
Total gross loans	1,470,313	1,369,070
Loans individually evaluated for impairment	299	300
Loans collectively evaluated for impairment	14,278	13,811
Total allowance for loan losses	14,577	14,111
Loans Receivable [Member] | Commercial And Industrial [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans individually evaluated for impairment	1,873	2,288
Loans collectively evaluated for impairment	437,171	412,260
Total gross loans	439,044	414,548
Loans individually evaluated for impairment	41	41
Loans collectively evaluated for impairment	9,190	8,882
Total allowance for loan losses	9,231	8,923
Loans Receivable [Member] | Real Estate - Other [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans collectively evaluated for impairment	573,520	550,690
Total gross loans	573,520	550,690
Loans collectively evaluated for impairment	3,957	3,877
Total allowance for loan losses	3,957	3,877
Loans Receivable [Member] | Real Estate Construction & Land [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans collectively evaluated for impairment	45,550	37,193
Total gross loans	45,550	37,193
Loans collectively evaluated for impairment	798	681
Total allowance for loan losses	798	681
Loans Receivable [Member] | SBA [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans individually evaluated for impairment	687	689
Loans collectively evaluated for impairment	363,586	316,875
Total gross loans	364,273	317,564
Loans individually evaluated for impairment	258	259
Loans collectively evaluated for impairment	317	345
Total allowance for loan losses	575	604
Loans Receivable [Member] | Other Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans collectively evaluated for impairment	47,926	49,075
Total gross loans	47,926	49,075
Loans collectively evaluated for impairment	16	26
Total allowance for loan losses	$ 16	$ 26

Loans and Allowance For Loan _7

Loans and Allowance For Loan Losses - Summary of Allowance for Loan Losses (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Loans and Leases Receivable Disclosure [Line Items]
Beginning balance	$ 14,111	$ 11,075
Provision for loan losses	300	400
Recoveries	166	90
Ending balance	14,577	11,565
Commercial And Industrial [Member]
Loans and Leases Receivable Disclosure [Line Items]
Beginning balance	8,923	6,708
Provision for loan losses	142	1,045
Recoveries	166	90
Ending balance	9,231	7,843
Real Estate, Other [Member]
Loans and Leases Receivable Disclosure [Line Items]
Beginning balance	3,877	3,281
Provision for loan losses	80	(620)
Ending balance	3,957	2,661
Real Estate Construction And Land [Member]
Loans and Leases Receivable Disclosure [Line Items]
Beginning balance	681	1,022
Provision for loan losses	117	(292)
Ending balance	798	730
SBA [Member]
Loans and Leases Receivable Disclosure [Line Items]
Beginning balance	604	50
Provision for loan losses	(29)	271
Ending balance	575	321
Other Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Beginning balance	26	14
Provision for loan losses	(10)	(4)
Ending balance	$ 16	$ 10

Loans and Allowance For Loan _8

Loans and Allowance For Loan Losses - Summary of Information Related to Impaired Loans (Detail) - Loans Receivable [Member] - USD ($) $ in Thousands	Apr. 30, 2020	Mar. 31, 2021	Dec. 31, 2020
Commercial And Industrial [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment With an allowance		$ 1,873	$ 2,288
Unpaid Principal Balance With an allowance		1,873	2,288
Related Allowance		41	41
Average Recorded Investment With an allowance		2,013	2,137
Interest Income Recognized With an allowance	$ 30		148
Recorded Investment		1,873	2,288
Unpaid Principal Balance		1,873	2,288
Average Recorded Investment		2,013	2,137
Interest Income Recognized		30	148
SBA [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment With no related allowance		234	234
Unpaid Principal Balance With no related allowance		479	479
Average Recorded Investment With no related allowance		1,913	1,917
Recorded Investment With an allowance		453	455
Unpaid Principal Balance With an allowance		453	455
Related Allowance		258	259
Average Recorded Investment With an allowance		766	3,921
Interest Income Recognized With an allowance		18	57
Recorded Investment		687	689
Unpaid Principal Balance		932	934
Average Recorded Investment		2,679	5,838
Interest Income Recognized		$ 18	$ 57

Loans and Allowance For Loan _9

Loans and Allowance For Loan Losses - Additional Information (Detail)	3 Months Ended		12 Months Ended
	Mar. 31, 2021USD ($)Loans	Mar. 31, 2020USD ($)	Dec. 31, 2020USD ($)Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest forgone on nonaccrual loans	$ 8,000	$ 82,000
Financing Receivable, Troubled Debt Restructuring	$ 0		$ 0
Financing Receivable, Modifications, Number of Contracts | Loans	0		0
Increase Decrease In Allowance For Loan And Lease Losses	$ 0		$ 0

Borrowing Arrangements - Additi

Borrowing Arrangements - Additional Information (Detail) - USD ($)	May 31, 2020	Apr. 30, 2020	Apr. 15, 2016	Mar. 31, 2021	Sep. 30, 2020	Dec. 31, 2020	Jun. 30, 2019
Short-term Debt [Line Items]
FHLB Advance, Collateral Pledged				$ 157,100,000		$ 129,300,000
FHLB Advance, Available Borrowing Capacity				96,100,000		68,300,000
FHLB Advance, Amount Of Advances	$ 5,000,000			5,000,000			$ 10,000,000
FHLB Advance, Term	1 year
FHLB Advance, Maturity Date	2021
FHLB Advance, Interest Rate	0.00%						1.89%
Junior Subordinated debt securities				24,729,000		24,994,000
Federal Home Loan Ten Million Outstanding [Member]
Short-term Debt [Line Items]
Federal home loan banks term borrowings outstanding				10,000,000		10,000,000
Junior Subordinated Debt [Member]
Short-term Debt [Line Items]
Debt Instrument, Face Amount			$ 5,000,000
Debt Instrument, IssuanceDate			Apr. 15, 2016		Sep. 30, 2020
Debt Instrument, Interest Rate Terms			The subordinated debt has a fixed interest rate of 5.875% for the first 5 years		The subordinated debt has a fixed interest rate of 5.00% for the first 5 years
Debt Instrument, Fixed Interest Rate			5.875%		5.00%
Related issuance costs			$ 87,000	300,000,000,000
Junior Subordinated debt securities				$ 5,000,000		5,000,000
Prime Rate [Member] | Junior Subordinated Debt [Member]
Short-term Debt [Line Items]
Debt Instrument, Variable Interest Rate Basis			variable rate of prime plus 2.00%
Debt Instrument, Variable Rate			2.00%
SOFR [Member] | Junior Subordinated Debt [Member]
Short-term Debt [Line Items]
Debt Instrument, Variable Interest Rate Basis					variable rate equal to then current tree-month term SOFR plus 0.488%
Debt Instrument, Variable Rate				0.488%
Debt Instrument, Face Amount					$ 20,000,000
Junior Subordinated debt securities				$ 20,000,000		20,000,000
Correspondent Banks [Member]
Short-term Debt [Line Items]
Borrowings outstanding				0		0
Line Of Credit Maximum Borrowing Capacity				116,000,000
Secured Debt [Member]
Short-term Debt [Line Items]
Borrowings outstanding				0
Line Of Credit Maximum Borrowing Capacity				$ 12,000,000
Line of Credit Facility, Expiration Period				3 years
Line Of Credit, Fixed Interest Rate				3.95%
Secured Debt [Member] | Federal Reserve Bank of San Francisco [Member]
Short-term Debt [Line Items]
Loans Pledged As Collateral				$ 412,700,000		458,700,000
Line Of Credit Available Borrowing Capacity				309,300,000		358,500,000
Revolving Credit Facility [Member]
Short-term Debt [Line Items]
Borrowings outstanding				0		$ 0
Line Of Credit Maximum Borrowing Capacity				$ 5,000,000
Revolving Credit Facility [Member] | One Year Prime Rate [Member]
Short-term Debt [Line Items]
Debt Instrument, Variable Interest Rate Basis				six month term at a rate of Prime plus 0.40%
Debt Instrument, Variable Rate				0.40%
Paycheck Protection Liquidity Facility [Member]
Short-term Debt [Line Items]
Borrowings outstanding				$ 119,800,000
Line Of Credit Maximum Borrowing Capacity		$ 332,700,000
Line of Credit Facility, Expiration Period		2 years
Line Of Credit, Fixed Interest Rate		0.35%

Commitments and Contingent Li_3

Commitments and Contingent Liabilities - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Percentage Of Commercial And industrial Loans to Total Loans
Cash Deposit FDIC Insurance Limit	$ 250,000
Uninsured deposits at financial institutions	26,000		$ 8,700
Commitments for loans	534,300		491,100
Reserve for unfunded loan commitments	355,000		$ 305,000
Rent and equipment expense	531,000	$ 622,000
Outstanding unfunded commitments for loans fixed rate of interest amount	24,769
Outstanding unfunded commitments for loans fixed rate of interest amount	$ 509,500

Commitments and Contingent Li_4

Commitments and Contingent Liabilities - Summary of Unfunded Fixed Rate Loan Commitments (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2021USD ($)
Schedule Of Disclosure Of Unfunded Fixed Rate Loan Commitments [Line Items]
Due in One Year Or Less	$ 12,160
Over One Year But Less Than Five Years	4,852
Over Five Years	7,757
Total	24,769
Interest rate less than or equal to 4.00%
Schedule Of Disclosure Of Unfunded Fixed Rate Loan Commitments [Line Items]
Due in One Year Or Less	8,386
Over One Year But Less Than Five Years	607
Over Five Years	6,000
Total	14,993
Interest rate between 4.00% and 5.00%
Schedule Of Disclosure Of Unfunded Fixed Rate Loan Commitments [Line Items]
Due in One Year Or Less	3,774
Over One Year But Less Than Five Years	3,995
Over Five Years	879
Total	8,648
Interest rate greater than or equal to 5.00%
Schedule Of Disclosure Of Unfunded Fixed Rate Loan Commitments [Line Items]
Due in One Year Or Less	0
Over One Year But Less Than Five Years	250
Over Five Years	878
Total	$ 1,128

Commitments and Contingent Li_5

Commitments and Contingent Liabilities - Summary of Unfunded Fixed Rate Loan Commitments (Details) (Parenthetical)	Mar. 31, 2021
Interest rate less than or equal to 4.00%
Schedule Of Disclosure Of Unfunded Fixed Rate Loan Commitments [Line Items]
Loans Receivable Unfunded Commitments Fixed Rate Of Interest Percentage	4.00%
Maximum [Member] | Interest rate between 4.00% and 5.00%
Schedule Of Disclosure Of Unfunded Fixed Rate Loan Commitments [Line Items]
Loans Receivable Unfunded Commitments Fixed Rate Of Interest Percentage	5.00%
Minimum [Member] | Interest rate between 4.00% and 5.00%
Schedule Of Disclosure Of Unfunded Fixed Rate Loan Commitments [Line Items]
Loans Receivable Unfunded Commitments Fixed Rate Of Interest Percentage	4.00%
Minimum [Member] | Interest rate greater than or equal to 5.00%
Schedule Of Disclosure Of Unfunded Fixed Rate Loan Commitments [Line Items]
Loans Receivable Unfunded Commitments Fixed Rate Of Interest Percentage	5.00%

Commitments and Contingent Li_6

Commitments and Contingent Liabilities - Summary of Quantitative Information for the Company's Leases (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2021USD ($)
Operating lease cost (cost resulting from lease payments)	$ 531
Operating lease - operating cash flows (fixed payments)	602
Operating lease - ROU assets	7,854
Operating lease - liabilities	$ 9,874
Weighted average lease term - operating leases	3 years
Weighted average discount rate - operating leases	0.35%

Commitments and Contingent Li_7

Commitments and Contingent Liabilities - Summary of Operating Lease (Detail) $ in Thousands	Mar. 31, 2021USD ($)
Leases [Abstract]
2021	$ 1,828
2022	2,441
2023	1,497
2024	1,456
2025	1,500
Thereafer	1,792
Total undiscounted cash flows	10,514
Discount on cash flows	(640)
Total lease liability	$ 9,874

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Carrying Amounts and Estimated Fair Values of Financial Instruments (Detail) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2019
Financial assets
Cash and due from banks	$ 360,780	$ 418,517	$ 140,610	$ 114,342
Securities available for sale	58,105	55,093
Loans, net	1,460,129	1,360,845
Accrued interest receivable	6,597	6,578
Financial liabilities
Deposits	1,629,967	1,532,460
Other borrowings	134,860	189,123
Subordinated debt	25,588	24,642
Accrued interest payable	516	545
Carrying Amount [Member]
Financial assets
Cash and due from banks	360,780	418,517
Securities available for sale	58,105	55,093
Loans, net	1,454,167	1,355,482
Accrued interest receivable	6,597	6,578
Financial liabilities
Deposits	1,629,715	1,532,206
Other borrowings	134,819	189,043
Subordinated debt	24,729	24,994
Accrued interest payable	516	545
Level 1 [Member]
Financial assets
Cash and due from banks	360,780	418,517
Financial liabilities
Deposits	1,521,050	1,331,572
Level 2 [Member]
Financial assets
Securities available for sale	58,105	55,093
Accrued interest receivable	301	225
Financial liabilities
Deposits	108,917	200,888
Accrued interest payable	51	51
Level 3 [Member]
Financial assets
Loans, net	1,460,129	1,360,845
Accrued interest receivable	6,296	6,353
Financial liabilities
Other borrowings	134,860	189,123
Subordinated debt	25,588	24,642
Accrued interest payable	$ 465	$ 494

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail)	Apr. 15, 2016
Junior Subordinated Debt [Member] | Prime Rate [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Variable Rate	2.00%

Fair Value Measurements - Sum_2

Fair Value Measurements - Summary of Assets at Fair Value on a Recurring Basis (Detail) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets measured at fair value on a recurring basis	$ 58,105	$ 55,093
Mortgage backed securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets measured at fair value on a recurring basis	29,438	28,193
Government agencies [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets measured at fair value on a recurring basis	2,385	2,412
Corporate bonds [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets measured at fair value on a recurring basis	26,282	24,488
Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets measured at fair value on a recurring basis	58,105	55,093
Level 2 [Member] | Mortgage backed securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets measured at fair value on a recurring basis	29,438	28,193
Level 2 [Member] | Government agencies [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets measured at fair value on a recurring basis	2,385	2,412
Level 2 [Member] | Corporate bonds [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets measured at fair value on a recurring basis	$ 26,282	$ 24,488

Fair Value Measurements - Sum_3

Fair Value Measurements - Summary of Impaired Loans Measured at Fair Value on a Non-Recurring Basis (Detail) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Carrying Amount [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets measured at fair value on a nonrecurring basis	$ 687	$ 689
Carrying Amount [Member] | SBA [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets measured at fair value on a nonrecurring basis	687	689
Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets measured at fair value on a nonrecurring basis	687	689
Level 3 [Member] | SBA [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets measured at fair value on a nonrecurring basis	$ 687	$ 689

Business Impact Of Covid-19 - A

Business Impact Of Covid-19 - Additional Information (Detail)	Jun. 05, 2021	Jun. 05, 2020	Mar. 31, 2021USD ($)Loans	Jun. 30, 2020USD ($)	Mar. 31, 2020USD ($)	Dec. 31, 2020USD ($)Loans
Financing receivable, modifications, number of contracts | Loans			0			0
Financing receivable, troubled debt restructuring			$ 0			$ 0
Financing receivable modifications payment deferral number of days			10 months
Number of loan applications received | Loans			806
Payment protection loan applications received amount			$ 362,000,000
Goodwill, Impairment			$ 0
Percentage of processed application under PPP loan			100.00%
Loan funded under PPP loan			$ 353,400,000
Interest Income (Expense), Net			13,336,000		$ 10,182,000
Allowance for Loan and Lease Losses, Period Increase (Decrease)			$ 0			0
SBA Payment Protection Program [Member]
Debt Instrument, Term		24 months
Debt Instrument, Fixed Interest Rate			1.00%
Number of loan applications received | Loans			730
Value of financing receivables apply for loan forgiveness			$ 370
Value of financing receivables apply for loan forgiveness in process			120,400,000
Proceeds from repayments of long term loans advanced			5,400,000
PPP Loans [Member]
Loan funded under PPP loan			236,200,000
Interest Income (Expense), Net			$ 633,000
SBA Payment Protection Program Relaunched [Member]
Percentage of processed application under PPP loan			100.00%
Loan funded under PPP loan			$ 117,200,000
COVID-19 [Member] | PPP Loans [Member]
Fees received			3,900,000			9,100,000
Amortization of loan			2,200,000	$ 3,000,000
Interest Income (Expense), Net			2,300,000
Allowance for Loan and Lease Losses, Period Increase (Decrease)			$ 200,000,000
COVID-19 [Member] | Loan Modifications Loans [Member]
Amortization of loan				$ 1,700,000
COVID-19 [Member] | Payment Deferral [Member]
Financing receivable, modifications, number of contracts | Loans			383
Financing receivable, troubled debt restructuring						323,900,000
Financing receivable modifications aggregate monthly principal and interest payments						$ 3,700,000
Financing receivable modifications payment deferral number of days			90 days
Financing receivable modifications, payment deferral, additional number of days			90 days
Financing receivables apply for extension			$ 9,500,000
Subsequent Event [Member] | SBA Payment Protection Program [Member]
Debt Instrument, Term	60 months

Business Impact Of Covid-19 - S

Business Impact Of Covid-19 - Summary of Loans Funded under PPPLF (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2021USD ($)Loans
Number of Loans | Loans	806
Long-term Debt, Gross	$ 353.4
PPP Loans [Member]
Long-term Debt, Gross	$ 236.2
Number of Loans as a Percentage of Loans	100.00%
Principal Balance as a Percentage of Loans	100.00%
Gross Loans [Member]
Number of Loans as a Percentage of Loans	37.00%
Principal Balance as a Percentage of Loans	24.00%
Dental services [Member]
Number of Loans | Loans	371
Long-term Debt, Gross	$ 62.6
Dental services [Member] | PPP Loans [Member]
Number of Loans as a Percentage of Loans	46.00%
Principal Balance as a Percentage of Loans	18.00%
Dental services [Member] | Gross Loans [Member]
Number of Loans as a Percentage of Loans	17.00%
Principal Balance as a Percentage of Loans	4.00%
Contractors [Member]
Number of Loans | Loans	110
Long-term Debt, Gross	$ 130.6
Contractors [Member] | PPP Loans [Member]
Number of Loans as a Percentage of Loans	14.00%
Principal Balance as a Percentage of Loans	37.00%
Contractors [Member] | Gross Loans [Member]
Number of Loans as a Percentage of Loans	5.00%
Principal Balance as a Percentage of Loans	9.00%
Other [Member]
Number of Loans | Loans	325
Long-term Debt, Gross	$ 160.2
Other [Member] | PPP Loans [Member]
Number of Loans as a Percentage of Loans	40.00%
Principal Balance as a Percentage of Loans	45.00%
Other [Member] | Gross Loans [Member]
Number of Loans as a Percentage of Loans	15.00%
Principal Balance as a Percentage of Loans	11.00%