OP BANCORP, 10-Q filed on 5/9/2025
Quarterly Report
v3.25.1
Cover - shares
 3 Months Ended
Mar. 31, 2025
Apr. 30, 2025
Cover [Abstract]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Mar. 31, 2025  
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 Accelerated Filer  
Entity Small Business true  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   14,811,671
Entity Central Index Key 0001722010  
Document Fiscal Year Focus 2025  
Document Fiscal Period Focus Q1  
Current Fiscal Year End Date --12-31  
Amendment Flag false  
v3.25.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
ASSETS    
Cash and cash equivalents $ 198,861 $ 134,943
Available-for-sale debt securities, at fair value 182,480 185,909
Other investments 16,517 16,437
Loans held for sale 4,555 4,581
Loans receivable, net of allowance for credit losses of $25,368 and $24,796 as of March 31, 2025 and December 31, 2024, respectively 2,018,517 1,932,056
Premises and equipment, net 6,526 5,449
Accrued interest receivable 9,871 9,188
Servicing assets 10,848 10,834
Company owned life insurance 23,084 22,912
Deferred tax assets, net 13,183 14,893
Other real estate owned 1,237 1,237
Operating right-of-use assets 6,930 7,415
Other assets 20,362 20,159
Total assets 2,512,971 2,366,013
Deposits:    
Noninterest-bearing 552,797 504,928
Interest-bearing:    
Money market and others 385,080 329,095
Time deposits greater than $250 610,783 565,813
Other time deposits 641,211 627,449
Total deposits 2,189,871 2,027,285
Federal Home Loan Bank advances 75,000 95,000
Accrued interest payable 14,994 16,067
Operating lease liabilities 9,193 7,857
Other liabilities 13,824 14,811
Total liabilities 2,302,882 2,161,020
Shareholders’ equity    
Preferred stock no par value; 10,000,000 shares authorized; no shares issued or outstanding as of March 31, 2025 and December 31, 2024 0 0
Common stock – no par value; 50,000,000 shares authorized as of March 31, 2025 and December 31, 2023; 14,914,261 and 14,819,866 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 73,697 73,697
Additional paid-in capital 11,371 11,928
Retained earnings 138,563 134,781
Accumulated other comprehensive loss (13,542) (15,413)
Total shareholders’ equity 210,089 204,993
Total liabilities and shareholders' equity $ 2,512,971 $ 2,366,013
v3.25.1
CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Statement of Financial Position [Abstract]    
Loans receivable, net of allowance $ 25,368 $ 24,796
Preferred stock, par value (USD 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 (USD per share) $ 0 $ 0
Common stock, shares authorized (in shares) 50,000,000 50,000,000
Common stock, shares, issued (in shares) 14,914,261 14,819,866
Common stock, shares, outstanding (in shares) 14,914,261 14,819,866
v3.25.1
CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
INTEREST INCOME    
Interest and fees on loans $ 31,689 $ 30,142
Interest on available-for-sale debt securities 1,496 1,460
Other interest income 1,674 1,311
Total interest income 34,859 32,913
Interest expense    
Interest on deposits 16,608 15,675
Interest on borrowings 833 1,259
Total interest expense 17,441 16,934
Net interest income 17,418 15,979
Provision for credit losses 736 145
Net interest income after provision for credit losses 16,682 15,834
NONINTEREST INCOME    
Service charges on deposits 1,000 612
Loan servicing fees, net of amortization 1,007 772
Gain on sale of loans 2,019 1,703
Other income 790 499
Total noninterest income 4,816 3,586
NONINTEREST EXPENSE    
Salaries and employee benefits 8,776 7,841
Occupancy and equipment 1,581 1,655
Data processing and communication 296 487
Professional fees 407 395
FDIC insurance and regulatory assessments 487 374
Promotion and advertising 156 149
Directors’ fees 180 157
Foundation donation and other contributions 556 540
Other expenses 1,375 559
Total noninterest expense 13,814 12,157
INCOME BEFORE INCOME TAX EXPENSE 7,684 7,263
Income tax expense 2,124 2,037
NET INCOME $ 5,560 $ 5,226
EARNINGS PER SHARE - BASIC (USD per share) $ 0.37 $ 0.34
EARNINGS PER SHARE - DILUTED (USD per share) $ 0.37 $ 0.34
v3.25.1
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Statement of Comprehensive Income [Abstract]    
Net income $ 5,560 $ 5,226
Other comprehensive income (loss)    
Change in unrealized gain (loss) on available-for-sale debt securities, net of tax effect 2,233 (1,301)
Change in unrealized loss on cash flow hedge, net of tax effect (362) 0
Total other comprehensive income (loss) 1,871 (1,301)
Comprehensive income $ 7,431 $ 3,925
v3.25.1
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (unaudited) - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Loss
Beginning balance (shares) at Dec. 31, 2023   15,000,436      
Beginning balance at Dec. 31, 2023 $ 192,626 $ 76,280 $ 10,942 $ 120,855 $ (15,451)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income 5,226     5,226  
Other comprehensive income (loss) (1,301)       (1,301)
Stock issued under stock-based compensation plans, net of forfeiture (in shares)   31,816      
Stock issued under stock-based compensation plans, net of forfeiture 139 $ 160 (21)    
Stock-based compensation, net 319   319    
Repurchase of common stock (shares)   (49,697)      
Repurchase of common stock (483) $ (483)      
Cash dividends declared (1,801)     (1,801)  
Ending balance (shares) at Mar. 31, 2024   14,982,555      
Ending balance at Mar. 31, 2024 194,725 $ 75,957 11,240 124,280 (16,752)
Beginning balance (shares) at Dec. 31, 2024   14,819,866      
Beginning balance at Dec. 31, 2024 204,993 $ 73,697 11,928 134,781 (15,413)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income 5,560     5,560  
Other comprehensive income (loss) 1,871       1,871
Stock issued under stock-based compensation plans, net of forfeiture (in shares)   94,395      
Stock issued under stock-based compensation plans, net of forfeiture (717)   (717)    
Stock-based compensation, net 160   160    
Cash dividends declared (1,778)     (1,778)  
Ending balance (shares) at Mar. 31, 2025   14,914,261      
Ending balance at Mar. 31, 2025 $ 210,089 $ 73,697 $ 11,371 $ 138,563 $ (13,542)
v3.25.1
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (unaudited) (Parenthetical) - $ / shares
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Statement of Stockholders' Equity [Abstract]    
Cash dividends declared (USD per share) $ 0.12 $ 0.12
v3.25.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities    
Net income $ 5,560 $ 5,226
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities:    
Provision for credit losses 736 145
Depreciation and amortization of premises and equipment 347 367
Amortization of net premiums on securities 0 35
Amortization of servicing assets 667 888
Accretion of net discounts on loans (231) (641)
Amortization of low income housing partnerships 497 517
Stock-based compensation, net 160 319
Deferred income taxes 923 54
Gain on sale of loans (2,019) (1,703)
Earnings on company owned life insurance (172) (166)
Net change in fair value of equity investment with readily determinable fair value (52) 36
Origination of loans held for sale (32,216) (40,017)
Proceeds from sales of loans held for sale 33,580 26,888
Net change in:    
Accrued interest receivable (683) (111)
Other assets (475) 8,000
Accrued interest payable (1,073) (358)
Other liabilities 96 (2,633)
Net cash from (used in) operating activities 5,645 (3,154)
Cash flows from investing activities    
Net change in loans receivable (86,966) (38,510)
Proceeds from matured, called, or paid-down securities available for sale 6,600 5,142
Purchase of equity investments (28) (24)
Purchase of premises and equipment, net (1,424) (90)
Investments in low-income housing partnerships 0 (1,042)
Net cash used in investing activities (81,818) (34,524)
Cash flows from financing activities    
Net change in deposits 162,586 87,853
Cash received from stock option exercises 0 160
Proceeds from Federal Home Loan Bank advances 0 30,000
Repayment of Federal Home Loan Bank advances (20,000) (30,000)
Repurchase of common stock 0 (483)
Cash dividend paid on common stock (1,778) (1,801)
Payments related to tax-withholding for vested restricted stock awards (717) (21)
Net cash from financing activities 140,091 85,708
Net change in cash and cash equivalents 63,918 48,030
Cash and cash equivalents at beginning of period 134,943 91,216
Cash and cash equivalents at end of period 198,861 139,246
Cash paid during the period for:    
Income taxes 21 0
Interest 18,514 17,292
Supplemental noncash disclosure:    
Initial recognition of right-of-use assets 0 871
Transfer of loan to other real estate owned $ 0 $ 1,237
v3.25.1
Business and Basis of Presentation
 3 Months Ended
Mar. 31, 2025
Accounting Policies [Abstract]  
Business and Basis of Presentation Business and Basis of Presentation
OP Bancorp ("Company") is a California corporation and the registered bank holding company for Open Bank (“Bank”). The Company commenced operation as a bank holding company on June 1, 2016, and substantially all of its assets, operations and business are owned and conducted through the Bank. The Bank is a California state-chartered and Federal Deposit Insurance Corporation ("FDIC")-insured financial institution, which began its operations on June 10, 2005. Headquartered in downtown Los Angeles, California, Open Bank operates primarily in the traditional banking business arena that includes accepting deposits and making loans and investments. Open Bank'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 eleven full-service branches located in California, Washington, Nevada and Texas, and five loan production offices located in California, Georgia, Washington, Colorado, and Virginia.
The accompanying unaudited consolidated financial statements and notes thereto of the Company have been prepared by management 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 in our consolidated financial statements and notes for prior years have been reclassified to conform to the current 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 consolidated financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 (“2024 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 2024 Annual Report on Form 10-K.

Recently Issued Accounting Pronouncement under Evaluation

In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. This ASU amends the disclosure requirements for income taxes, including the requirement for further disaggregation of the income tax rate reconciliation and income taxes paid disclosures. The amendments in this guidance must be applied prospectively, with the option to apply retrospectively. This guidance is effective for fiscal years beginning after December 15, 2024. The Company is currently evaluating the impact of this new standard on its consolidated financial statements, and the adoption is not expected to have a significant impact on the consolidated financial statements.

In November 2024, the FASB issued ASU No. 2024-03, Disaggregation of Income Statement Expenses (DISE). The ASU requires additional disclosure of about specific types of expenses included in the income statement. This guidance applies to all public business entities and is effective for annual reporting periods beginning after December 15, 2026 and interim reporting periods within annual reporting periods beginning after December 15, 2027. The requirements will be applied prospectively with the option for retrospective application. The Company is currently evaluating the impact of this new standard on its consolidated financial statements, and the adoption is not expected to have a significant impact on the consolidated financial statements.
v3.25.1
Securities
 3 Months Ended
Mar. 31, 2025
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 March 31, 2025 and December 31, 2024:

March 31, 2025
($ in thousands)
Amortized
Cost
Gross
Unrealized
Gain
Gross
Unrealized
Loss
Fair
Value
U.S. Government agencies or sponsored agency securities:
Residential mortgage-backed securities$40,059 $— $(3,661)$36,398 
Residential collateralized mortgage obligations155,022 668 (15,114)140,576 
Municipal securities - tax exempt5,857 — (351)5,506 
Total AFS debt securities$200,938 $668 $(19,126)$182,480 

December 31, 2024
($ in thousands)
Amortized
Cost
Gross
Unrealized
Gain
Gross
Unrealized
Loss
Fair
Value
U.S. Government agencies or sponsored agency securities:
Residential mortgage-backed securities$41,521 $— $(4,445)$37,076 
Residential collateralized mortgage obligations160,187 312 (17,458)143,041 
Municipal securities - tax exempt5,830 37 (75)5,792 
Total AFS debt securities$207,538 $349 $(21,978)$185,909 

There were no sales of AFS debt securities during the three months ended March 31, 2025 and 2024.

The amortized cost and estimated fair value of AFS debt securities as of March 31, 2025, by contractual maturity, are shown below:

($ in thousands)Amortized
Cost		Fair
Value
One Year or Less$63 $62 
After one year through five years968 940 
After five years through ten years2,590 2,403 
After ten years197,317 179,075 
Total AFS debt securities$200,938 $182,480 
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 March 31, 2025 and December 31, 2024, 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 March 31, 2025 and December 31, 2024:

March 31, 2025
Less Than 12 Months12 Months or LongerTotal
($ in thousands)
Fair
Value
Unrealized
Loss
Fair
Value
Unrealized
Loss
Fair
Value
Unrealized
Loss
U.S. Government agencies or sponsored agency securities:
Residential mortgage-backed securities$5,246 $(64)$31,152 $(3,597)$36,398 $(3,661)
Residential collateralized mortgage obligations— — 92,233 (15,114)92,233 (15,114)
Municipal securities - tax exempt3,805 (207)1,701 (144)5,506 (351)
Total AFS debt securities$9,051 $(271)$125,086 $(18,855)$134,137 $(19,126)
December 31, 2024
Less Than 12 Months12 Months or LongerTotal
($ in thousands)
Fair
Value
Unrealized
Loss
Fair
Value
Unrealized
Loss
Fair
Value
Unrealized
Loss
U.S. Government agencies or sponsored agency securities:
Residential mortgage-backed securities$5,442 $(133)$31,634 $(4,312)$37,076 $(4,445)
Residential collateralized mortgage obligations27,614 (214)93,236 (17,244)120,850 (17,458)
Municipal securities - tax exempt895 (19)1,788 (56)2,683 (75)
Total AFS debt securities$33,951 $(366)$126,658 $(21,612)$160,609 $(21,978)

Available-for-sale debt securities are measured at fair value and are subject to impairment testing. A security is impaired if the fair value of the security is less than its amortized cost basis. When an available-for-sale debt security is considered impaired, the Company must determine if the decline in fair value has resulted from a credit-related loss or other factors and then, (1) recognize an allowance for credit losses by a charge to earnings for the credit-related component of the decline in fair value, and (2) recognize in other comprehensive income (loss) any non-credit related components of the fair value decline. If the amount of the amortized cost basis expected to be recovered increases in a future period, the valuation reserve would be reduced, but not more than the amount of the current existing reserve for that security.

As of March 31, 2025, the Company's AFS debt securities consisted of 90 securities, of which 80 were in an unrealized loss position.

The unrealized losses from the decline in fair value is attributable to changes in interest rates, and not credit quality. The issuers of the AFS debt securities are of high credit quality. Approximately 97% of the AFS debt securities are residential mortgage-backed securities and residential collateralized mortgage obligations that were issued by U.S. government-sponsored agencies, such as Ginnie Mae, Fannie Mae and Freddie Mac. The remaining 3% of the AFS debt securities are tax-exempt municipal securities.
All securities are performing and the Company believes that the 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, for available-for-sale debt securities, the Company did not have allowance for credit losses as of March 31, 2025 and December 31, 2024.

As of March 31, 2025 and December 31, 2024, there were no pledged securities to secure public deposits, borrowing and letters of credit from the Federal Home Loan Bank System ("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 March 31, 2025 and December 31, 2024:

($ in thousands)March 31, 2025December 31, 2024
FHLB stock$12,615 $12,615 
Pacific Coast Bankers Bank ("PCBB") stock190 190 
Mutual fund - Community Reinvestment Act ("CRA") qualified3,612 3,532 
Time deposits placed in other banks100 100 
Total other investments$16,517 $16,437 
The Company has equity investment in a mutual fund with readily determinable fair value of $3.6 million and $3.5 million as of March 31, 2025 and December 31, 2024, 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 $52 thousand unrealized gain and a $36 thousand unrealized loss for the three months ended March 31, 2025 and 2024, respectively. The unrealized gains (losses) of the mutual fund are included in other income in the consolidated statements of income.
v3.25.1
Loans and Allowance for Credit Losses on Loans
 3 Months Ended
Mar. 31, 2025
Receivables [Abstract]  
Loans and Allowance for Credit Losses on Loans Loans and Allowance for Credit Losses on Loans
Loans

The following table presents the composition of the loan portfolio as of March 31, 2025 and December 31, 2024:

($ in thousands)March 31, 2025December 31, 2024
Commercial real estate$1,023,278 $980,247 
SBA—real estate237,212 231,962 
SBA—non-real estate21,566 21,748 
C&I202,250 213,097 
Home mortgage559,543 509,524 
Consumer36 274 
Gross loans receivable2,043,885 1,956,852 
Allowance for credit losses(25,368)(24,796)
Loans receivable, net(1)
$2,018,517 $1,932,056 
(1)Includes net deferred loan costs (fees) and net unamortized premiums (discounts) of $(114) thousand as of March 31, 2025 and $(702) thousand as of December 31, 2024.
No loans were outstanding to related parties as of March 31, 2025 and December 31, 2024.
Allowance for Credit Losses

The Company employs a modeled approach that takes into account current and future economic conditions to estimate lifetime expected losses on a collective basis. With the adoption of Current Expected Credit Losses ("CECL"), the Company elected not to consider accrued interest receivable in its estimated credit losses because the Company writes off uncollectible accrued interest receivable in a timely manner. The Company considers writing off accrued interest amounts once the amounts become 90 days past due to be considered within a timely manner. The Company has elected to write off accrued interest receivable by reversing interest income. The Company uses transition matrices to develop the Probability of Default ("PD") and Loss Given Default ("LGD") approach, incorporating quantitative factors and qualitative considerations in the calculation of the allowance for credit losses for collectively assessed loans. The model provides forecasts of PD and LGD based on national unemployment rates using regression analysis. The Company incorporates future economic conditions using a weighted multiple scenario approach: baseline and adverse. The Company applies a reasonable and supportable period of one year for the baseline scenario and two years for the adverse scenario, after which loss assumptions revert to historical loss information through a one-year reversion period for the baseline scenario and a two-year reversion period for the adverse scenario. Additionally, the Company aggregated loan portfolio based on similar risk characteristics. The Company elected to use the Call Report codes and loan risk ratings for loan segmentation in determining the Bank's allowance for credit losses.

In order to quantify the credit risk impact of other trends and changes within the loan portfolio, the Company utilizes qualitative adjustments to the modeled estimated loss approaches. Included in the qualitative portion of our analysis of the allowance for credit losses are key inputs including GDP, unemployment rates, interest rates, asset quality ratios, loan portfolio concentration, California house price index and commercial real estate price index. The parameters for making adjustments are established under a Credit Risk Matrix that provides different possible scenarios for each of the factors listed below. The Credit Risk Matrix and the possible scenarios enable the Bank to qualitatively adjust the loss rates. This matrix considers the following nine factors, which are patterned after the guidelines provided under the Federal Financial Institutions Examination Council Interagency Policy Statement on the Allowance for Credit Losses, updated to reflect the adoption of CECL:

•    Changes in lending policies and procedures, including changes in underwriting standards and practices for collection, charge-offs, and recoveries;
•    Actual and expected changes in national and local economic and business conditions and developments in which the institution operates that affect the collectivity of loans;
•    Changes in the nature and volume of the loan portfolio;
•    Changes in the experience, ability, and depth of lending management and staff;
•    Changes in the volume and severity of past due loans, the volume of nonaccrual loans, and the volume and severity of adversely classified loans;
•    Changes in the quality of the credit review function;
•    Changes in the value of the underlying collateral for loans that are not collateral-dependent;
•    The existence, growth, and effect of any concentrations of credit, and
•    The effect of other external factors, such as the regulatory, legal and technological environments; competition; and events such as natural disasters.

The Company segments loans primarily by Call Report codes (collateral type) and loan risk ratings, considering that the same type of loans share considerable similar risk characteristics. For loans that do not share similar risk characteristics such as nonaccrual loans above $500 thousand, the Company evaluates these loans on an individual basis in accordance with ASC 326. Such nonaccrual loans are considered to have different risk profiles than performing loans and are therefore evaluated individually. The Company elected to collectively assess nonaccrual loans with balances below $500 thousand along with the performing and accrual loans, in order to reduce the operational burden of individually assessing small nonaccrual loans with immaterial balances. For individually assessed loans, the allowance for credit losses is measured using either 1) the present value of future cash flows discounted at the loan’s effective interest rate; or 2) the fair value of the collateral, if the loan is collateral-dependent. For the collateral-dependent loans, the Company obtains a new appraisal to determine the fair value of collateral. The appraisals are based on an “as-is” valuation. To ensure that appraised values remain current, the Company obtains updated appraisals every twelve months from a qualified
independent appraiser. If the fair value of the collateral is less than the amortized balance of the loan, the Company recognizes an allowance for credit losses with a corresponding charge to the provision for credit losses.

The Company maintains a separate allowance for credit losses for its off-balance sheet commitments. The Company uses an estimated funding rate to allocate an allowance to undrawn exposures. This funding rate is used as a credit conversion factor to capture how much undrawn lines of credit can potentially become drawn at any point. The funding rate is determined based on a look-back period of 8 quarters. Credit loss is not estimated for off-balance sheet commitments that are unconditionally cancellable by the Company.

The following table summarizes the activity in the allowance for credit losses on loans by portfolio segment for the three months ended March 31, 2025 and 2024:

($ in thousands)
Commercial
Real Estate
SBA—
Real Estate
SBA —Non-
Real Estate
C&I
Home
Mortgage
ConsumerTotal
Three Months Ended March 31, 2025
Beginning balance$9,290 $5,557 $418 $1,844 $7,684 $3 $24,796 
Provision for (reversal of) credit losses(280)(176)89 (105)1,162 (3)687 
Charge-offs— — (10)(29)(91)— (130)
Recoveries— — 15 — — — 15 
Ending balance$9,010 $5,381 $512 $1,710 $8,755 $— $25,368 
Three Months Ended March 31, 2024
Beginning balance$7,915 $1,657 $147 $1,215 $11,045 $14 $21,993 
Provision for (reversal of) credit losses129 1,202 71 448 (1,652)(5)193 
Charge-offs— (66)— — (2)— (68)
Recoveries— — 11 — — — 11 
Ending balance$8,044 $2,793 $229 $1,663 $9,391 $9 $22,129 

Collateral-dependent loans are loans where repayment is expected to be provided solely by the sale of the underlying collateral and there are no other available and reliable sources of repayment. The estimated credit losses for these loans are based on the collateral’s fair value less selling costs. In most cases, the Company records a partial charge-off to reduce the loan’s carrying value to the collateral’s fair value less selling costs at the time of foreclosure.

As of March 31, 2025 and December 31, 2024, there were $9.9 million and $7.7 million, respectively, of collateral-dependent loans which are primarily secured by SBA—real estate and residential real estate. The allowance for credit losses allocated to these loans as of March 31, 2025 and December 31, 2024 was $901 thousand and $1.2 million, respectively.

The following table represents the amortized cost basis of collateral-dependent loans by class of loans as of March 31, 2025 and December 31, 2024, for which repayment is expected to be obtained through the sale of the underlying collateral.
($ in thousands)Hotel / MotelRetailGas StationSingle-Family Residential
Total(1)
As of March 31, 2025
Commercial real estate$1,580 $357 $— $— $1,937 
SBA—real estate3,704 1,990 169 — 5,863 
Home mortgage— — — 2,104 2,104 
Total$5,284 $2,347 $169 $2,104 $9,904 
As of December 31, 2024
Commercial real estate$1,580 $363 $— $— $1,943 
SBA—real estate3,702 2,006 — — 5,708 
Total$5,282 $2,369 $— $— $7,651 
(1)    Excludes guaranteed portion of SBA loans of $13.1 million and $15.2 million as of March 31, 2025 and December 31, 2024, respectively.

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 March 31, 2025 and December 31, 2024:

($ in thousands)Nonaccrual Loans with a Related Allowance for Credit LossesNonaccrual Loans without a Related Allowance for Credit LossesTotal Nonaccrual Loans
90 or More
Days
Past Due &
Still Accruing
Total(1)
As of March 31, 2025
Commercial real estate$357 $1,580 $1,937 $— $1,937 
SBA—real estate2,342 3,704 6,046 — 6,046 
SBA—non-real estate325 — 325 — 325 
C&I— — — — — 
Home mortgage— 2,104 2,104 — 2,104 
Total$3,024 $7,388 $10,412 $— $10,412 
As of December 31, 2024
Commercial real estate$363 $1,580 $1,943 $— $1,943 
SBA—real estate2,006 3,702 5,708 — 5,708 
SBA—non-real estate169 — 169 — 169 
Total$2,538 $5,282 $7,820 $— $7,820 
(1)    Excludes guaranteed portion of SBA loans of $14.3 million and $16.3 million as of March 31, 2025 and December 31, 2024, respectively.
Nonaccrual loans and loans past due 90 or more days and still accruing interest include both homogeneous loans that are collectively and individually 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 March 31, 2025 and December 31, 2024:

($ in thousands)
30-59
Days
Past Due
60-89
Days
Past Due
> 90 Days
Past Due
Total
Past Due(1)
Loans Not
Past Due
Total(2)
As of March 31, 2025
Commercial real estate$940 $— $357 $1,297 $1,021,981 $1,023,278 
SBA—real estate2,267 — 2,342 4,609 232,603 237,212 
SBA—non-real estate232 16 139 387 21,179 21,566 
C&I488 — — 488 201,762 202,250 
Home mortgage2,514 1,457 2,104 6,075 553,468 559,543 
Consumer— — — — 36 36 
Total$6,441 $1,473 $4,942 $12,856 $2,031,029 $2,043,885 
As of December 31, 2024
Commercial real estate$— $— $362 $362 $979,885 $980,247 
SBA—real estate237 75 2,006 2,318 229,644 231,962 
SBA—non-real estate254 138 2 394 21,354 21,748 
C&I15 — — 15 213,082 213,097 
Home mortgage2,774 5,594 — 8,368 501,156 509,524 
Consumer— — — — 274 274 
Total$3,280 $5,807 $2,370 $11,457 $1,945,395 $1,956,852 
(1)Excludes guaranteed portion of SBA loans of $6.4 million and $8.7 million as of March 31, 2025 and December 31, 2024, respectively.
(2)Excludes accrued interest receivables of $8.6 million and $8.1 million as of March 31, 2025 and December 31, 2024, respectively.

Modifications to borrowers experiencing financial difficulty may include interest rate reductions, principal or interest forgiveness, other than insignificant payment deferrals, other than insignificant term extensions, and other actions intended to minimize economic loss and to avoid foreclosure or repossession of collateral. No charge-offs of previously modified loans were recorded for the three months ended March 31, 2025 and 2024.

The following table presents the amortized cost of loans as of March 31, 2025 that were modified during the three months ended March 31, 2025 by loan class and modification type:

As of March 31, 2025
Modification TypePercentage to Each Loan Segment
($ in thousands)Payment DelayInterest OnlyTotal
Commercial real estate$— $3,155 $3,155 0.31 %
SBA—real estate(1)
649 — 649 1.08 %
Total$649 $3,155 $3,804 
(1)Excludes guaranteed portion of SBA loans of $1.9 million.
The following tables describe the financial effect of the loan modifications made to borrowers experiencing financial difficulty for the periods presented:

Financial Effect
Modification & Loan TypesDescription of Financial EffectThree Months Ended March 31, 2025
Payment Delay:
SBA—real estateDeferment of Payment by a weighted average of:0.5 years
Interest Only:
Commercial real estateInterest only Payment by a weighted average of:0.5 years

The Company had no modified loan for the three months ended March 31, 2024.

The Company tracks the performance of modified loans. A modified loan may become delinquent and may result in a payment default (generally 90 days past due) subsequent to modification. There were no loans that received a modification within the last 12 months as of March 31, 2025 or March 31, 2024 that subsequently defaulted.

The Company had no additional commitments to lend to borrowers whose loans were modified as of March 31, 2025.

The Company closely monitors the performance of loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. The following table presents financial performance of such loans that have been modified in the last 12 months:
Payment Performance as of March 31, 2025
($ in thousands)Current30 - 89 Days Past Due90+ Days Past DueTotal
Commercial real estate$4,735 $— $— $4,735 
SBA—real estate(1)4,095 — — 4,095 
C&I250 — — 250 
Total$9,080 $— $— $9,080 
(1)Excludes guaranteed portion of SBA loans of $7.4 million.

Payment Performance as of March 31, 2024
($ in thousands)Current30 - 89 Days Past Due90+ Days Past DueTotal
Commercial real estate$624 $— $— $624 
SBA—real estate(1)3,090 3,090 
C&I403 403 
Home mortgage354 — — 354 
Total$4,471 $— $— $4,471 
(1)Excludes guaranteed portion of SBA loans of $2.8 million.

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.

The following table presents the loan portfolio's amortized cost by loan type, risk rating and year of origination as of March 31, 2025 and December 31, 2024:

March 31, 2025
Term Loans by Origination YearRevolving LoansRevolving Loans Converted to Term Loans
Total(1)
($ in thousands)20242023
2022
20212020Prior
Commercial real estate
Pass$73,633 $267,903 $100,144 $231,730 $172,890 $150,546 $17,125 $— $1,013,971 
Special mention— — — 576 2,229 — — — 2,805 
Substandard— — 1,580 4,565 — 357 — — 6,502 
Doubtful— — — — — — — — — 
Subtotal$73,633 $267,903 $101,724 $236,871 $175,119 $150,903 $17,125 $— $1,023,278 
Current period charge-offs$— $— $— $— $— $— $— $— $— 
SBA— real estate
Pass$14,125 $29,027 $26,295 $37,190 $18,645 $84,454 $— $— $209,736 
Special mention— — — 6,303 — 627 — — 6,930 
Substandard— — 1,492 9,965 291 8,798 — — 20,546 
Doubtful— — — — — — — — — 
Subtotal$14,125 $29,027 $27,787 $53,458 $18,936 $93,879 $— $— $237,212 
Current period charge-offs$— $— $— $— $— $— $— $— $— 
SBA—non-real estate
Pass$1,462 $9,606 $4,190 $1,782 $124 $3,431 $— $— $20,595 
Special mention— — — — — — — — — 
Substandard— — — 440 — 433 — — 873 
Doubtful— — — — — 98 — — 98 
Subtotal$1,462 $9,606 $4,190 $2,222 $124 $3,962 $— $— $21,566 
Current period charge-offs$— $— $3 $— $— $7 $— $— $10 
C&I
Pass$685 $21,527 $11,284 $12,513 $17,326 $4,241 $132,653 $1,632 $201,861 
Special mention— — — — — — 389 — 389 
Substandard— — — — — — — — — 
Doubtful— — — — — — — — — 
Subtotal$685 $21,527 $11,284 $12,513 $17,326 $4,241 $133,042 $1,632 $202,250 
Current period charge-offs$— $— $29 $— $— $— $— $— $29 
Home mortgage
Pass$74,007 $39,900 $59,415 $268,021 $69,370 $46,726 $— $— $557,439 
Special mention— — — — — — — — — 
Substandard— — — 1,340 — 764 — — 2,104 
Doubtful— — — — — — — — — 
Subtotal$74,007 $39,900 $59,415 $269,361 $69,370 $47,490 $— $— $559,543 
Current period charge-offs$— $— $— $77 $— $14 $— $— $91 
Consumer
Pass$13 $— $— $— $— $— $23 $— $36 
Special mention— — — — — — — — — 
Substandard— — — — — — — — — 
Doubtful— — — — — — — — — 
Subtotal$13 $— $— $— $— $— $23 $— $36 
Current period charge-offs$— $— $— $— $— $— $— $— $— 
Total loans
Pass$163,925 $367,963 $201,328 $551,236 $278,355 $289,398 $149,801 $1,632 $2,003,638 
Special mention— — — 6,879 2,229 627 389 — 10,124 
Substandard— — 3,072 16,310 291 10,352 — — 30,025 
Doubtful— — — — — 98 — — 98 
Subtotal$163,925 $367,963 $204,400 $574,425 $280,875 $300,475 $150,190 $1,632 $2,043,885 
Current period charge-offs$— $— $32 $77 $— $21 $— $— $130 
(1)Excludes accrued interest receivables of $8.6 million as of March 31, 2025.

December 31, 2024
Term Loans by Origination YearRevolving LoansRevolving Loans Converted to Term Loans
Total(1)
($ in thousands)2023
2022
202120202019Prior
Commercial real estate
Pass$201,141 $85,056 $190,968 $137,425 $88,993 $250,291 $17,012 $— $970,886 
Special mention— — 579 2,246 — — — — 2,825 
Substandard— 1,580 319 — — 4,637 — — 6,536 
Doubtful— — — — — — — — — 
Subtotal$201,141 $86,636 $191,866 $139,671 $88,993 $254,928 $17,012 $— $980,247 
Current period charge-offs$— $— $— $— $— $— $— $— $— 
SBA— real estate
Pass$31,441 $26,508 $41,375 $18,819 $16,166 $72,440 $— $— $206,749 
Special mention— — 2,345 — — 739 — — 3,084 
Substandard— 1,182 9,965 2,868 — 8,114 — — 22,129 
Doubtful— — — — — — — — — 
Subtotal$31,441 $27,690 $53,685 $21,687 $16,166 $81,293 $— $— $231,962 
Current period charge-offs$— $— $— $66 $— $— $— $— $66 
SBA—non-real estate
Pass$10,443 $4,498 $1,837 $154 $1,303 $2,621 $— $— $20,856 
Special mention— — — — — — — — — 
Substandard— — 483 — 157 154 — — 794 
Doubtful— — — — — 98 — — 98 
Subtotal$10,443 $4,498 $2,320 $154 $1,460 $2,873 $— $— $21,748 
Current period charge-offs$— $— $— $— $— $27 $— $— $27 
C&I
Pass$19,712 $11,525 $14,016 $18,122 $3,356 $2,664 $140,278 $3,024 $212,697 
Special mention— — — — — — 400 — 400 
Substandard— — — — — — — — — 
Doubtful— — — — — — — — — 
Subtotal$19,712 $11,525 $14,016 $18,122 $3,356 $2,664 $140,678 $3,024 $213,097 
Current period charge-offs$— $44 $— $— $— $— $— $— $44 
Home mortgage
Pass$42,112 $63,000 $284,208 $70,326 $17,749 $32,129 $— $— $509,524 
Special mention— — — — — — — — — 
Substandard— — — — — — — — — 
Doubtful— — — — — — — — — 
Subtotal$42,112 $63,000 $284,208 $70,326 $17,749 $32,129 $— $— $509,524 
Current period charge-offs$— $— $— $— $— $— $— $— $— 
Consumer
Pass$27 $— $— $— $— $— $247 $— $274 
Special mention— — — — — — — — — 
Substandard— — — — — — — — — 
Doubtful— — — — — — — — — 
Subtotal$27 $— $— $— $— $— $247 $— $274 
Current period charge-offs$— $— $— $— $— $— $— $— $— 
Total loans
Pass$304,876 $190,587 $532,404 $244,846 $127,567 $360,145 $157,537 $3,024 $1,920,986 
Special mention— — 2,924 2,246 — 739 400 — 6,309 
Substandard— 2,762 10,767 2,868 157 12,905 — — 29,459 
Doubtful— — — — — 98 — — 98 
Subtotal$304,876 $193,349 $546,095 $249,960 $127,724 $373,887 $157,937 $3,024 $1,956,852 
Current period charge-offs$— $44 $— $66 $— $27 $— $— $137 
(1)Excludes accrued interest receivables of $8.1 million as of December 31, 2024.
v3.25.1
Premises and Equipment
 3 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
Premises and Equipment Premises and Equipment
The following table presents information regarding the premises and equipment as of March 31, 2025 and December 31, 2024:

($ in thousands)March 31, 2025December 31, 2024
Leasehold improvements$10,274 $10,019 
Furniture and fixtures4,986 4,902 
Equipment and others4,914 3,831 
Total premises and equipment20,174 18,752 
Accumulated depreciation(13,648)(13,303)
Total premises and equipment, net$6,526 $5,449 
Total depreciation expense included in occupancy and equipment expenses was $347 thousand and $367 thousand for the three months ended March 31, 2025 and 2024, respectively
v3.25.1
Servicing Assets
 3 Months Ended
Mar. 31, 2025
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 March 31, 2025 and December 31, 2024.
The following table presents an analysis of the changes in activity for loan servicing assets during the three months ended March 31, 2025 and 2024:

Three Months Ended March 31,
($ in thousands)20252024
Beginning balance$10,834 $11,741 
Additions from loans sold with servicing retained681 552 
Amortized to expense(667)(888)
Ending balance$10,848 $11,405 
The fair value of the servicing assets was $16.2 million as of March 31, 2025, which was determined using discount rates ranging from 4.32% to 12.90% and prepayment speeds ranging from 11.49% to 13.60%, depending on the stratification of the specific assets.
The fair value of the servicing assets was $17.4 million as of March 31, 2024, which was determined using discount rates ranging from 3.75% to 12.70% and prepayment speeds ranging from 11.00% to 12.90% depending on the stratification of the specific assets.
v3.25.1
Deposits
 3 Months Ended
Mar. 31, 2025
Deposits [Abstract]  
Deposits Deposits
Time deposits that exceed the FDIC insurance limit of $250 thousand as of March 31, 2025 and December 31, 2024 were $610.8 million and $565.8 million, respectively.

The following table presents the scheduled contractual maturities of time deposits as of March 31, 2025:

($ in thousands)
Remainder of 2025$989,950 
2026261,258 
2027377 
2028362 
2029 and thereafter47 
Total$1,251,994 
Deposits from principal officers, directors, and their affiliates as of March 31, 2025 and December 31, 2024 were $15.4 million and $2.3 million, respectively.
v3.25.1
Borrowing Arrangements
 3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Borrowing Arrangements Borrowing Arrangements
As of March 31, 2025, the Company had $75.0 million advances from FHLB with a weighted average interest rate of 4.22% and a weighted average remaining term of 0.1 years, compared to $95 million advances with a weighted average interest rate of 4.34% and a weighted average remaining term of 0.2 years as of December 31, 2024. The Company has a letter of credit with the FHLB in the amount of $135.0 million and $100.0 million to secure a public deposit as of March 31, 2025 and December 31, 2024, respectively.
The Company had available borrowing capacity from the following institutions as of March 31, 2025:

($ in thousands)
FHLB$381,456 
Federal Reserve Bank217,563 
Pacific Coast Bankers Bank50,000 
Zions Bank25,000 
First Horizon Bank25,000 
Total$699,019 
The Company has pledged approximately $1.46 billion and $1.41 billion of loans as collateral for these lines of credit as of March 31, 2025 and December 31, 2024, respectively.
v3.25.1
Income Taxes
 3 Months Ended
Mar. 31, 2025
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The Company’s income tax expense was $2.1 million and $2.0 million for the three months ended March 31, 2025 and 2024, respectively. The effective income tax rate was 27.6% and 28.0% for the three months ended March 31, 2025 and 2024, 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 2021 and for state taxing authorities for tax years prior to 2020.

There were no significant unrealized tax benefits recorded as of March 31, 2025 and December 31, 2024, and the Company does not expect any significant increase in unrealized tax benefits in the next twelve months.
v3.25.1
Commitments and Contingencies
 3 Months Ended
Mar. 31, 2025
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. 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 March 31, 2025 and December 31, 2024:

($ in thousands)March 31, 2025December 31, 2024
Loan commitments$294,719 $261,446 
Standby letter of credit23,010 21,059 
Commercial letter of credit23 49 
Total undisbursed credit related commitments$317,752 $282,554 
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 March 31, 2025 and December 31, 2024:

($ in thousands)March 31, 2025December 31, 2024
Investments in low-income housing partnerships$14,694 $15,191 
Unfunded commitments to fund investments for low-income housing partnerships
6,379 7,622 
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 2040.
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 $497 thousand and $517 thousand for the three months ended March 31, 2025 and 2024, respectively. Additionally, the Company recognized tax credits and other benefits from the investments in low-income housing partnerships of $733 thousand and $655 thousand for the three months ended March 31, 2025 and 2024, respectively.
v3.25.1
Stock-Based Compensation
 3 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation Stock-Based Compensation
The Company has one stock-based compensation plan currently in effect as of March 31, 2025, as described further below. Total compensation cost that has been charged against earnings for the plan was $160 thousand and $319 thousand for the three months ended March 31, 2025 and 2024, respectively.
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 March 31, 2025.

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 three months ended March 31, 2025 is as follows:

($ in thousands, except share data)
Shares
Issued
Weighted
Average
Grant Date
Fair Value		Aggregate
Intrinsic
Value
Non-vested, as of January 1, 2025250,088 $11.78 $3,954 
Awards granted38,471 14.93 
Awards vested(148,129)12.54 
Awards forfeited(9,484)14.30 
Non-vested, as of March 31, 2025130,946 $11.15 $1,574 

Information related to vested restricted stock awards under the 2021 Plan for the periods indicated follows:

Three Months Ended March 31,
($ in thousands)20252024
Tax benefit (provision) realized from awards vested$30 $(3)
There were 1,102,935 shares available for future grants of either stock options or restricted stock awards under the 2021 Plan as of March 31, 2025. The Company had approximately $1.3 million of unrecognized compensation cost related to unvested restricted stock awards under the 2021 Plan as of March 31, 2025. The Company expects to recognize these costs over a weighted average period of 3.0 years.
v3.25.1
Fair Value of Financial Instruments
 3 Months Ended
Mar. 31, 2025
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 an 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.
Derivatives: The fair values of derivatives are based on valuation models using observable market data as of the measurement date (Level 2).

Assets and liabilities measured at fair value on a recurring basis as of March 31, 2025 and December 31, 2024 are summarized below:

Fair Value Measure on a Recurring Basis
($ in thousands)Total
Fair Value		Quoted
Prices in
Active Markets
(Level 1)		Significant Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)
March 31, 2025
Assets:
U.S. Government agencies or sponsored agency securities:
Residential mortgage-backed securities$36,398 $— $36,398 $— 
Residential collateralized mortgage obligations140,576 — 140,576 — 
Municipal securities - tax exempt5,506 — 5,506 — 
Other investments:
Mutual fund - CRA qualified3,612 3,612 — — 
Derivative financial instruments124 — 124 — 
Liabilities:
Derivative financial instruments$883 $— $883 $— 
December 31, 2024
Assets:
U.S. Government agencies or sponsored agency securities:
Residential mortgage-backed securities$37,076 $— $37,076 $— 
Residential collateralized mortgage obligations143,041 — 143,041 — 
Municipal securities - tax exempt5,792 — 5,792 — 
Other investments:
Mutual fund - CRA qualified3,532 3,532 — — 
Derivative financial instruments368 — 368 — 
Liabilities:
Derivative financial instruments$579 $— $579 $— 
There were no transfers of assets or liabilities between the Level 1 and Level 2 classifications for the three months ended March 31, 2025 or 2024.
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.
Collateral-dependent loans: Collateral-dependent loans are loans where repayment is expected to be provided solely by the sale of the underlying collateral and there are no other available and reliable sources of repayment. Fair value for collateral-dependent loans are measured based on the value of the collateral securing these loans and are classified at a Level 3 in the fair value hierarchy. Collateral may include real estate, or business assets including equipment, inventory and accounts receivable. The value of real estate collateral is determined based on an appraisal by qualified licensed appraisers hired by the Company. The value of business equipment is based on an appraisal by qualified licensed appraisers hired by the Company if significant, or the equipment’s net book value on the business’ financial statements. Inventory and accounts receivable collateral are valued based on independent field examiner review or aging reports. Appraisals may utilize a single valuation approach or a combination or 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 for similar loans and collateral underlying such loans. Appraised values are reviewed by management using historical knowledge, market considerations, and knowledge of the client and client’s business.

Other real estate owned: Fair value of other real estate owned ("OREO") is based primarily on third party appraisals, less costs to sell and result in a Level 3 classification of the inputs for determining fair value. Appraisals are required annually and may be updated more frequently as circumstances require and the fair value adjustments are made to OREO based on the updated appraised value of the property.

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 March 31, 2025 and December 31, 2024:

Fair Value Measure on a Nonrecurring Basis
($ in thousands)Total
Fair Value		Quoted
Prices in
Active Markets
(Level 1)		Significant Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)
March 31, 2025
Collateral-dependent loans:
Commercial real estate$222 $— $— $222 
SBA—real estate1,393 — — 1,393 
Total$1,615 $— $— $1,615 
December 31, 2024
Collateral-dependent loans:
Commercial real estate$173 $— $— $173 
SBA—real estate952 — — 952 
OREO1237 — — 1237 
Total$2,362 $— $— $2,362 
Total

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 March 31,
($ in thousands)20252024
Collateral-dependent loans:
Commercial real estate$49 $— 
SBA—real estate274 — 
Total$323 $— 

The following table presents information about significant unobservable inputs utilized in the Company’s nonrecurring Level 3 fair value measurements as of March 31, 2025 and December 31, 2024:

($ in thousands)Fair Value
Measurements
(Level 3)		Valuation
Techniques		Unobservable
Inputs		Range of
Inputs
Weighted-
Average of
Inputs(1)
March 31, 2025
Collateral-dependent loans:
Commercial real estate$222 
Income approach - income capitalization
Capitalization rate
5.5% to 7.3%
6.0%
SBA—real estate948 
Income approach - income capitalization
Capitalization rate
5.5% to 9.0%
6.7%
SBA—real estate278 Sales comparison approachMarket data comparison
0.0% to 35.0%
4.7%
SBA—real estate167 Cost approachReplacement cost estimates
1.23x for building / 0.0% to 36.0% for land
1.23x for building / 26.2% for land
December 31, 2024
Collateral-dependent loans:
Commercial real estate$173 Income approach - income capitalizationCapitalization rate
5.5% to 7.3%
6.0%
SBA—real estate539 Income approach - income capitalizationCapitalization rate
5.5% to 7.3%
10.4%
SBA—real estate413 Sales comparisonMarket data / purchase pricen/an/a
OREO$1,237 Sales comparison approachMarket data comparison
(3.7)% to 2.2%
(0.5)%
(1)Weighted-average of inputs is based on the relative fair value of the respective assets as of March 31, 2025 and December 31, 2024.
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 March 31, 2025 and December 31, 2024 are as follows. These financial assets and liabilities are measured at amortized cost basis on the Company’s Consolidated Balance Sheets:

March 31, 2025
($ in thousands)Carrying
Amount		Level 1Level 2Level 3Fair Value
Financial assets:
Cash and cash equivalents$198,861 $198,861 $— $— $198,861 
Loans held for sale4,555 — 4,916 — 4,916 
Loans receivable, net2,018,517 — — 2,083,302 2,083,302 
Accrued interest receivable, net9,871 471 814 8,586 9,871 
Other investments:
FHLB and PCBB stock12,805 N/AN/AN/AN/A
Time deposits placed100 — 100 — 100 
Financial liabilities:
Deposits2,189,871 — 2,191,005 — 2,191,005 
FHLB advances75,000 — 74,998 — 74,998 
Accrued interest payable14,994 — 14,994 — 14,994 
December 31, 2024
($ in thousands)Carrying
Amount		Level 1Level 2Level 3Fair Value
Financial assets:
Cash and cash equivalents$134,943 $134,943 $— $— $134,943 
Loans receivable, net1,932,056 — — 1,986,813 1,986,813 
Accrued interest receivable, net9,188 181 888 8,119 9,188 
Other investments:
FHLB and PCBB stock12,805 N/AN/AN/AN/A
Time deposits placed100 — 100 — 100 
Financial liabilities:
Deposits2,027,285 — 2,026,092 — 2,026,092 
FHLB advances95,000 — 94,986 — 94,986 
Accrued interest payable16,067 — 16,067 — 16,067 
v3.25.1
Derivative Financial Instruments
 3 Months Ended
Mar. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Financial Instruments Derivative Financial Instruments
Risk Management Objective of Using Derivatives

The Company is exposed to certain risk arising from both its business operations and economic conditions. The Company principally manages its exposures to a wide variety of business and operational risks through management of its core business activities. The Company manages economic risks, including interest rate, liquidity, and credit risk primarily by managing the amount, sources, and duration of its assets and liabilities and the use of derivative financial instruments. Specifically, the Company enters into derivative financial instruments to manage exposures that arise from business activities that result in the receipt or payment of future known and uncertain cash amounts, the value of which are determined by interest rates.

Cash Flow Hedges of Interest Rate Risk

The Company’s objectives in using interest rate derivatives are to add stability to interest expense and to manage its exposure to interest rate movements. To accomplish this objective, the Company primarily uses interest rate swaps as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of
variable amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. Starting from 2024, such derivatives were used to hedge the variable cash flows associated with existing variable-rate debt. The Company had no fair value hedges nor derivatives not designated as hedges as of March 31, 2025.

For derivatives designated and that qualify as cash flow hedges of interest rate risk, the gain or loss on the derivative is recorded in accumulated other comprehensive income ("OCI") and subsequently reclassified into interest expense in the same period(s) during which the hedged transaction affects earnings. Amounts reported in accumulated OCI related to derivatives will be reclassified to interest expense as interest payments are made on the Company’s variable-rate debt. During the next 12 months, the Company estimates that an additional $200 thousand will be reclassified as an increase to interest expense.

The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the Balance Sheet as of March 31, 2025 and December 31, 2024:
Derivative AssetsDerivative Liabilities
($ in thousands)Notional AmountBalance Sheet LocationFair ValueNotional AmountBalance Sheet LocationFair Value
As of March 31, 2025
Derivatives designated as hedging instruments:
Interest rate products$25,000 Other assets$124 $50,000 Other liabilities$883 
Total derivatives designated as hedging instruments$124 $883 
As of December 31, 2024
Derivatives designated as hedging instruments:
Interest rate products$25,000 Other assets$368 $50,000 Other liabilities$579 
Total derivatives designated as hedging instruments$368 $579 

The table below presents the effect of cash flow hedge accounting on accumulated OCI for the three months ended March 31, 2025:
Derivatives in Subtopic 815-20 Hedging Relationships
($ in thousands)
Amount of Gain (Loss) Recognized in OCI on Derivative Amount of Gain (Loss) Recognized in OCI Included ComponentAmount of Gain (Loss) Recognized in OCI Excluded ComponentLocation of Gain (Loss) Recognized from Accumulated OCI into IncomeAmount of Gain (Loss) Reclassified from Accumulated OCI into Income Amount of Gain (Loss) Reclassified from Accumulated OCI into Income Included ComponentAmount of Gain (Loss) Reclassified from Accumulated OCI into Income Excluded Component
Three Months Ended March 31, 2025
Derivatives in cash flow hedging relationships: 
Interest rate products$(482)$(482)$— Interest expense$31 $31 $— 
Total$(482)$(482)$— $31 $31 $— 
The Company had no derivative instruments that affect accumulated OCI for the three months ended March 31, 2024.
The table below presents the effect of the Company’s derivative financial instruments on the Statement of Income for the three months ended March 31, 2025:
Three Months Ended March 31, 2025
($ in thousands)Interest Expense
Total amounts of income and expense line items presented in the statement of financial performance in which the effects of fair value or cash flow hedges are recorded$31 
The effects of cash flow hedging:
Gain (loss) on cash flow hedging relationships in Subtopic 815-20
Interest contracts
Amount of loss reclassified from accumulated OCI into income$31 
Amount of gain (loss) reclassified from accumulated OCI into income as a result that a forecasted transaction is no longer probable of occurring— 
Amount of loss reclassified from accumulated OCI into income - included component31 
Amount of gain (loss) reclassified from accumulated OCI into income - excluded component— 
The Company had no derivative instruments that affect statement of income for the three months ended March 31, 2024.
The table below presents a gross presentation, the effects of offsetting, and a net presentation of the Company’s derivatives as of March 31, 2025 and December 31, 2024. The net amounts of derivative assets or liabilities can be reconciled to the tabular disclosure of fair value. The tabular disclosure of fair value provides the location that derivative assets and liabilities are presented on the Balance Sheet:
Offsetting of Derivative Assets
Gross Amounts of Recognized AssetsGross Amounts Offset in the Balance SheetNet Amounts of Assets presented in the Balance SheetGross Amounts Not Offset in the Balance Sheet
($ in thousands)Financial InstrumentsCash Collateral ReceivedNet Amount
As of March 31, 2025
Derivatives$124 $— $124 $— $124 $— 
Total$124 $— $124 $— $124 $— 
As of December 31, 2024
Derivatives$368 $— $368 $— $368 $— 
Total$368 $— $368 $— $368 $— 
Offsetting of Derivative Liabilities
Gross Amounts of Recognized LiabilitiesGross Amounts Offset in the Balance SheetNet Amounts of Liabilities presented in the Balance SheetGross Amounts Not Offset in the Balance Sheet
($ in thousands)Financial InstrumentsCash Collateral PostedNet Amount
As of March 31, 2025
Derivatives$883 $— $883 $— $883 $— 
Total$883 $— $883 $— $883 $— 
As of December 31, 2024
Derivatives$579 $— $579 $— $579 $— 
Total$579 $— $579 $— $579 $— 
v3.25.1
Regulatory Capital Matters
 3 Months Ended
Mar. 31, 2025
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]  
Regulatory Capital Matters Regulatory Capital Matters
The 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 2.50% 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 March 31, 2025 and December 31, 2024, 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:

March 31, 2025
Actual(1)
Required for
Capital Adequacy
Purposes		Minimum
To be Considered
"Well Capitalized"
($ in thousands)AmountRatioAmountRatioAmountRatio
Total capital (to risk-weighted assets)
Consolidated$248,393 12.33 % N/A N/A N/A N/A
Bank246,883 12.24 $161,313 8.00 %$201,641 10.00 %
Tier 1 capital (to risk-weighted assets)
Consolidated223,210 11.08  N/A N/A N/A N/A
Bank221,678 10.99 120,985 6.00 161,313 8.00 
Common equity Tier 1 capital (to risk-weighted
 assets)
Consolidated223,210 11.08  N/A N/A N/A N/A
Bank221,678 10.99 90,738 4.50 131,067 6.50 
Tier 1 capital (to average assets)
Consolidated223,210 9.22  N/A N/A N/A N/A
Bank221,678 9.15 96,874 4.00 121,093 5.00 
(1)The capital requirements are only applicable to the Bank, and the Company's ratios are included for comparison purpose.
December 31, 2024
Actual(1)
Required for
Capital Adequacy
Purposes		Minimum
To be Considered
"Well Capitalized"
($ in thousands)AmountRatioAmountRatioAmountRatio
Total capital (to risk-weighted assets)
Consolidated$244,659 12.60 %N/AN/AN/AN/A
Bank242,966 12.50 $155,463 8.00 %$194,328 10.00 %
Tier 1 capital (to risk-weighted assets)
Consolidated220,390 11.35 N/AN/AN/AN/A
Bank218,675 11.25 116,597 6.00 155,463 8.00 
Common equity Tier 1 capital (to risk-weighted
 assets)
Consolidated220,390 11.35 N/AN/AN/AN/A
Bank218,675 11.25 87,448 4.50 126,313 6.50 
Tier 1 capital (to average assets)
Consolidated220,390 9.27 N/AN/AN/AN/A
Bank218,675 9.20 95,055 4.00 118,819 5.00 
(1)The capital requirements are only applicable to the Bank, and the Company's ratios are included for comparison purpose.
v3.25.1
Earnings Per Share
 3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
Basic 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 months ended March 31, 2025 and 2024:

Three Months Ended March 31,
($ in thousands, except share and per share data)20252024
Basic
Net income$5,560 $5,226 
Distributed and undistributed earnings allocated to participating securities(74)(98)
Net income allocated to common shares$5,486 $5,128 
Weighted average common shares outstanding14,857,234 14,991,835 
Basic earnings per common share$0.37 $0.34 
Diluted
Net income allocated to common shares$5,486 $5,128 
Weighted average common shares outstanding for basic earnings per common share
14,857,234 14,991,835 
Add: Dilutive effects of assumed exercises of stock options— — 
Average shares and dilutive potential common shares14,857,234 14,991,835 
Diluted earnings per common share$0.37 $0.34 

No share of common stock was antidilutive for the three months ended March 31, 2025 and 2024.
v3.25.1
Pay vs Performance Disclosure - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Pay vs Performance Disclosure    
Net income $ 5,560 $ 5,226
v3.25.1
Insider Trading Arrangements
 3 Months Ended
Mar. 31, 2025
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.25.1
Business and Basis of Presentation (Policies)
 3 Months Ended
Mar. 31, 2025
Accounting Policies [Abstract]  
Consolidation policy 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 in our consolidated financial statements and notes for prior years have been reclassified to conform to the current presentation.
Recently Issued Accounting Pronouncement under Evaluation
Recently Issued Accounting Pronouncement under Evaluation

In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. This ASU amends the disclosure requirements for income taxes, including the requirement for further disaggregation of the income tax rate reconciliation and income taxes paid disclosures. The amendments in this guidance must be applied prospectively, with the option to apply retrospectively. This guidance is effective for fiscal years beginning after December 15, 2024. The Company is currently evaluating the impact of this new standard on its consolidated financial statements, and the adoption is not expected to have a significant impact on the consolidated financial statements.

In November 2024, the FASB issued ASU No. 2024-03, Disaggregation of Income Statement Expenses (DISE). The ASU requires additional disclosure of about specific types of expenses included in the income statement. This guidance applies to all public business entities and is effective for annual reporting periods beginning after December 15, 2026 and interim reporting periods within annual reporting periods beginning after December 15, 2027. The requirements will be applied prospectively with the option for retrospective application. The Company is currently evaluating the impact of this new standard on its consolidated financial statements, and the adoption is not expected to have a significant impact on the consolidated financial statements.
Modifications to borrowers experiencing financial difficulty may include interest rate reductions, principal or interest forgiveness, other than insignificant payment deferrals, other than insignificant term extensions, and other actions intended to minimize economic loss and to avoid foreclosure or repossession of collateral.
Allowance for Credit Losses
Allowance for Credit Losses

The Company employs a modeled approach that takes into account current and future economic conditions to estimate lifetime expected losses on a collective basis. With the adoption of Current Expected Credit Losses ("CECL"), the Company elected not to consider accrued interest receivable in its estimated credit losses because the Company writes off uncollectible accrued interest receivable in a timely manner. The Company considers writing off accrued interest amounts once the amounts become 90 days past due to be considered within a timely manner. The Company has elected to write off accrued interest receivable by reversing interest income. The Company uses transition matrices to develop the Probability of Default ("PD") and Loss Given Default ("LGD") approach, incorporating quantitative factors and qualitative considerations in the calculation of the allowance for credit losses for collectively assessed loans. The model provides forecasts of PD and LGD based on national unemployment rates using regression analysis. The Company incorporates future economic conditions using a weighted multiple scenario approach: baseline and adverse. The Company applies a reasonable and supportable period of one year for the baseline scenario and two years for the adverse scenario, after which loss assumptions revert to historical loss information through a one-year reversion period for the baseline scenario and a two-year reversion period for the adverse scenario. Additionally, the Company aggregated loan portfolio based on similar risk characteristics. The Company elected to use the Call Report codes and loan risk ratings for loan segmentation in determining the Bank's allowance for credit losses.

In order to quantify the credit risk impact of other trends and changes within the loan portfolio, the Company utilizes qualitative adjustments to the modeled estimated loss approaches. Included in the qualitative portion of our analysis of the allowance for credit losses are key inputs including GDP, unemployment rates, interest rates, asset quality ratios, loan portfolio concentration, California house price index and commercial real estate price index. The parameters for making adjustments are established under a Credit Risk Matrix that provides different possible scenarios for each of the factors listed below. The Credit Risk Matrix and the possible scenarios enable the Bank to qualitatively adjust the loss rates. This matrix considers the following nine factors, which are patterned after the guidelines provided under the Federal Financial Institutions Examination Council Interagency Policy Statement on the Allowance for Credit Losses, updated to reflect the adoption of CECL:

•    Changes in lending policies and procedures, including changes in underwriting standards and practices for collection, charge-offs, and recoveries;
•    Actual and expected changes in national and local economic and business conditions and developments in which the institution operates that affect the collectivity of loans;
•    Changes in the nature and volume of the loan portfolio;
•    Changes in the experience, ability, and depth of lending management and staff;
•    Changes in the volume and severity of past due loans, the volume of nonaccrual loans, and the volume and severity of adversely classified loans;
•    Changes in the quality of the credit review function;
•    Changes in the value of the underlying collateral for loans that are not collateral-dependent;
•    The existence, growth, and effect of any concentrations of credit, and
•    The effect of other external factors, such as the regulatory, legal and technological environments; competition; and events such as natural disasters.
v3.25.1
Securities (Tables)
 3 Months Ended
Mar. 31, 2025
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 March 31, 2025 and December 31, 2024:

March 31, 2025
($ in thousands)
Amortized
Cost
Gross
Unrealized
Gain
Gross
Unrealized
Loss
Fair
Value
U.S. Government agencies or sponsored agency securities:
Residential mortgage-backed securities$40,059 $— $(3,661)$36,398 
Residential collateralized mortgage obligations155,022 668 (15,114)140,576 
Municipal securities - tax exempt5,857 — (351)5,506 
Total AFS debt securities$200,938 $668 $(19,126)$182,480 

December 31, 2024
($ in thousands)
Amortized
Cost
Gross
Unrealized
Gain
Gross
Unrealized
Loss
Fair
Value
U.S. Government agencies or sponsored agency securities:
Residential mortgage-backed securities$41,521 $— $(4,445)$37,076 
Residential collateralized mortgage obligations160,187 312 (17,458)143,041 
Municipal securities - tax exempt5,830 37 (75)5,792 
Total AFS debt securities$207,538 $349 $(21,978)$185,909 
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 March 31, 2025, by contractual maturity, are shown below:

($ in thousands)Amortized
Cost		Fair
Value
One Year or Less$63 $62 
After one year through five years968 940 
After five years through ten years2,590 2,403 
After ten years197,317 179,075 
Total AFS debt securities$200,938 $182,480 
Schedule of Unrealized Losses on AFS Debt Securities
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 March 31, 2025 and December 31, 2024:

March 31, 2025
Less Than 12 Months12 Months or LongerTotal
($ in thousands)
Fair
Value
Unrealized
Loss
Fair
Value
Unrealized
Loss
Fair
Value
Unrealized
Loss
U.S. Government agencies or sponsored agency securities:
Residential mortgage-backed securities$5,246 $(64)$31,152 $(3,597)$36,398 $(3,661)
Residential collateralized mortgage obligations— — 92,233 (15,114)92,233 (15,114)
Municipal securities - tax exempt3,805 (207)1,701 (144)5,506 (351)
Total AFS debt securities$9,051 $(271)$125,086 $(18,855)$134,137 $(19,126)
December 31, 2024
Less Than 12 Months12 Months or LongerTotal
($ in thousands)
Fair
Value
Unrealized
Loss
Fair
Value
Unrealized
Loss
Fair
Value
Unrealized
Loss
U.S. Government agencies or sponsored agency securities:
Residential mortgage-backed securities$5,442 $(133)$31,634 $(4,312)$37,076 $(4,445)
Residential collateralized mortgage obligations27,614 (214)93,236 (17,244)120,850 (17,458)
Municipal securities - tax exempt895 (19)1,788 (56)2,683 (75)
Total AFS debt securities$33,951 $(366)$126,658 $(21,612)$160,609 $(21,978)
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 March 31, 2025 and December 31, 2024:

($ in thousands)March 31, 2025December 31, 2024
FHLB stock$12,615 $12,615 
Pacific Coast Bankers Bank ("PCBB") stock190 190 
Mutual fund - Community Reinvestment Act ("CRA") qualified3,612 3,532 
Time deposits placed in other banks100 100 
Total other investments$16,517 $16,437 
v3.25.1
Loans and Allowance for Credit Losses on Loans (Tables)
 3 Months Ended
Mar. 31, 2025
Receivables [Abstract]  
Schedule of Composition of Loan Portfolio
The following table presents the composition of the loan portfolio as of March 31, 2025 and December 31, 2024:

($ in thousands)March 31, 2025December 31, 2024
Commercial real estate$1,023,278 $980,247 
SBA—real estate237,212 231,962 
SBA—non-real estate21,566 21,748 
C&I202,250 213,097 
Home mortgage559,543 509,524 
Consumer36 274 
Gross loans receivable2,043,885 1,956,852 
Allowance for credit losses(25,368)(24,796)
Loans receivable, net(1)
$2,018,517 $1,932,056 
(1)Includes net deferred loan costs (fees) and net unamortized premiums (discounts) of $(114) thousand as of March 31, 2025 and $(702) thousand as of December 31, 2024.
The following table represents the amortized cost basis of collateral-dependent loans by class of loans as of March 31, 2025 and December 31, 2024, for which repayment is expected to be obtained through the sale of the underlying collateral.
($ in thousands)Hotel / MotelRetailGas StationSingle-Family Residential
Total(1)
As of March 31, 2025
Commercial real estate$1,580 $357 $— $— $1,937 
SBA—real estate3,704 1,990 169 — 5,863 
Home mortgage— — — 2,104 2,104 
Total$5,284 $2,347 $169 $2,104 $9,904 
As of December 31, 2024
Commercial real estate$1,580 $363 $— $— $1,943 
SBA—real estate3,702 2,006 — — 5,708 
Total$5,282 $2,369 $— $— $7,651 
(1)    Excludes guaranteed portion of SBA loans of $13.1 million and $15.2 million as of March 31, 2025 and December 31, 2024, respectively.
Schedule of Activity in Allowance for Loan Losses by Portfolio Segment
The following table summarizes the activity in the allowance for credit losses on loans by portfolio segment for the three months ended March 31, 2025 and 2024:

($ in thousands)
Commercial
Real Estate
SBA—
Real Estate
SBA —Non-
Real Estate
C&I
Home
Mortgage
ConsumerTotal
Three Months Ended March 31, 2025
Beginning balance$9,290 $5,557 $418 $1,844 $7,684 $3 $24,796 
Provision for (reversal of) credit losses(280)(176)89 (105)1,162 (3)687 
Charge-offs— — (10)(29)(91)— (130)
Recoveries— — 15 — — — 15 
Ending balance$9,010 $5,381 $512 $1,710 $8,755 $— $25,368 
Three Months Ended March 31, 2024
Beginning balance$7,915 $1,657 $147 $1,215 $11,045 $14 $21,993 
Provision for (reversal of) credit losses129 1,202 71 448 (1,652)(5)193 
Charge-offs— (66)— — (2)— (68)
Recoveries— — 11 — — — 11 
Ending balance$8,044 $2,793 $229 $1,663 $9,391 $9 $22,129 
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 March 31, 2025 and December 31, 2024:

($ in thousands)Nonaccrual Loans with a Related Allowance for Credit LossesNonaccrual Loans without a Related Allowance for Credit LossesTotal Nonaccrual Loans
90 or More
Days
Past Due &
Still Accruing
Total(1)
As of March 31, 2025
Commercial real estate$357 $1,580 $1,937 $— $1,937 
SBA—real estate2,342 3,704 6,046 — 6,046 
SBA—non-real estate325 — 325 — 325 
C&I— — — — — 
Home mortgage— 2,104 2,104 — 2,104 
Total$3,024 $7,388 $10,412 $— $10,412 
As of December 31, 2024
Commercial real estate$363 $1,580 $1,943 $— $1,943 
SBA—real estate2,006 3,702 5,708 — 5,708 
SBA—non-real estate169 — 169 — 169 
Total$2,538 $5,282 $7,820 $— $7,820 
(1)    Excludes guaranteed portion of SBA loans of $14.3 million and $16.3 million as of March 31, 2025 and December 31, 2024, respectively.
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 March 31, 2025 and December 31, 2024:

($ in thousands)
30-59
Days
Past Due
60-89
Days
Past Due
> 90 Days
Past Due
Total
Past Due(1)
Loans Not
Past Due
Total(2)
As of March 31, 2025
Commercial real estate$940 $— $357 $1,297 $1,021,981 $1,023,278 
SBA—real estate2,267 — 2,342 4,609 232,603 237,212 
SBA—non-real estate232 16 139 387 21,179 21,566 
C&I488 — — 488 201,762 202,250 
Home mortgage2,514 1,457 2,104 6,075 553,468 559,543 
Consumer— — — — 36 36 
Total$6,441 $1,473 $4,942 $12,856 $2,031,029 $2,043,885 
As of December 31, 2024
Commercial real estate$— $— $362 $362 $979,885 $980,247 
SBA—real estate237 75 2,006 2,318 229,644 231,962 
SBA—non-real estate254 138 2 394 21,354 21,748 
C&I15 — — 15 213,082 213,097 
Home mortgage2,774 5,594 — 8,368 501,156 509,524 
Consumer— — — — 274 274 
Total$3,280 $5,807 $2,370 $11,457 $1,945,395 $1,956,852 
(1)Excludes guaranteed portion of SBA loans of $6.4 million and $8.7 million as of March 31, 2025 and December 31, 2024, respectively.
(2)Excludes accrued interest receivables of $8.6 million and $8.1 million as of March 31, 2025 and December 31, 2024, respectively.
Schedule of Financing Receivable, Modified
The following table presents the amortized cost of loans as of March 31, 2025 that were modified during the three months ended March 31, 2025 by loan class and modification type:

As of March 31, 2025
Modification TypePercentage to Each Loan Segment
($ in thousands)Payment DelayInterest OnlyTotal
Commercial real estate$— $3,155 $3,155 0.31 %
SBA—real estate(1)
649 — 649 1.08 %
Total$649 $3,155 $3,804 
(1)Excludes guaranteed portion of SBA loans of $1.9 million.
The following tables describe the financial effect of the loan modifications made to borrowers experiencing financial difficulty for the periods presented:

Financial Effect
Modification & Loan TypesDescription of Financial EffectThree Months Ended March 31, 2025
Payment Delay:
SBA—real estateDeferment of Payment by a weighted average of:0.5 years
Interest Only:
Commercial real estateInterest only Payment by a weighted average of:0.5 years
The Company closely monitors the performance of loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. The following table presents financial performance of such loans that have been modified in the last 12 months:
Payment Performance as of March 31, 2025
($ in thousands)Current30 - 89 Days Past Due90+ Days Past DueTotal
Commercial real estate$4,735 $— $— $4,735 
SBA—real estate(1)4,095 — — 4,095 
C&I250 — — 250 
Total$9,080 $— $— $9,080 
(1)Excludes guaranteed portion of SBA loans of $7.4 million.

Payment Performance as of March 31, 2024
($ in thousands)Current30 - 89 Days Past Due90+ Days Past DueTotal
Commercial real estate$624 $— $— $624 
SBA—real estate(1)3,090 3,090 
C&I403 403 
Home mortgage354 — — 354 
Total$4,471 $— $— $4,471 
(1)Excludes guaranteed portion of SBA loans of $2.8 million.
Schedule of Credit Risk Ratings by Portfolio Segment
The following table presents the loan portfolio's amortized cost by loan type, risk rating and year of origination as of March 31, 2025 and December 31, 2024:

March 31, 2025
Term Loans by Origination YearRevolving LoansRevolving Loans Converted to Term Loans
Total(1)
($ in thousands)20242023
2022
20212020Prior
Commercial real estate
Pass$73,633 $267,903 $100,144 $231,730 $172,890 $150,546 $17,125 $— $1,013,971 
Special mention— — — 576 2,229 — — — 2,805 
Substandard— — 1,580 4,565 — 357 — — 6,502 
Doubtful— — — — — — — — — 
Subtotal$73,633 $267,903 $101,724 $236,871 $175,119 $150,903 $17,125 $— $1,023,278 
Current period charge-offs$— $— $— $— $— $— $— $— $— 
SBA— real estate
Pass$14,125 $29,027 $26,295 $37,190 $18,645 $84,454 $— $— $209,736 
Special mention— — — 6,303 — 627 — — 6,930 
Substandard— — 1,492 9,965 291 8,798 — — 20,546 
Doubtful— — — — — — — — — 
Subtotal$14,125 $29,027 $27,787 $53,458 $18,936 $93,879 $— $— $237,212 
Current period charge-offs$— $— $— $— $— $— $— $— $— 
SBA—non-real estate
Pass$1,462 $9,606 $4,190 $1,782 $124 $3,431 $— $— $20,595 
Special mention— — — — — — — — — 
Substandard— — — 440 — 433 — — 873 
Doubtful— — — — — 98 — — 98 
Subtotal$1,462 $9,606 $4,190 $2,222 $124 $3,962 $— $— $21,566 
Current period charge-offs$— $— $3 $— $— $7 $— $— $10 
C&I
Pass$685 $21,527 $11,284 $12,513 $17,326 $4,241 $132,653 $1,632 $201,861 
Special mention— — — — — — 389 — 389 
Substandard— — — — — — — — — 
Doubtful— — — — — — — — — 
Subtotal$685 $21,527 $11,284 $12,513 $17,326 $4,241 $133,042 $1,632 $202,250 
Current period charge-offs$— $— $29 $— $— $— $— $— $29 
Home mortgage
Pass$74,007 $39,900 $59,415 $268,021 $69,370 $46,726 $— $— $557,439 
Special mention— — — — — — — — — 
Substandard— — — 1,340 — 764 — — 2,104 
Doubtful— — — — — — — — — 
Subtotal$74,007 $39,900 $59,415 $269,361 $69,370 $47,490 $— $— $559,543 
Current period charge-offs$— $— $— $77 $— $14 $— $— $91 
Consumer
Pass$13 $— $— $— $— $— $23 $— $36 
Special mention— — — — — — — — — 
Substandard— — — — — — — — — 
Doubtful— — — — — — — — — 
Subtotal$13 $— $— $— $— $— $23 $— $36 
Current period charge-offs$— $— $— $— $— $— $— $— $— 
Total loans
Pass$163,925 $367,963 $201,328 $551,236 $278,355 $289,398 $149,801 $1,632 $2,003,638 
Special mention— — — 6,879 2,229 627 389 — 10,124 
Substandard— — 3,072 16,310 291 10,352 — — 30,025 
Doubtful— — — — — 98 — — 98 
Subtotal$163,925 $367,963 $204,400 $574,425 $280,875 $300,475 $150,190 $1,632 $2,043,885 
Current period charge-offs$— $— $32 $77 $— $21 $— $— $130 
(1)Excludes accrued interest receivables of $8.6 million as of March 31, 2025.

December 31, 2024
Term Loans by Origination YearRevolving LoansRevolving Loans Converted to Term Loans
Total(1)
($ in thousands)2023
2022
202120202019Prior
Commercial real estate
Pass$201,141 $85,056 $190,968 $137,425 $88,993 $250,291 $17,012 $— $970,886 
Special mention— — 579 2,246 — — — — 2,825 
Substandard— 1,580 319 — — 4,637 — — 6,536 
Doubtful— — — — — — — — — 
Subtotal$201,141 $86,636 $191,866 $139,671 $88,993 $254,928 $17,012 $— $980,247 
Current period charge-offs$— $— $— $— $— $— $— $— $— 
SBA— real estate
Pass$31,441 $26,508 $41,375 $18,819 $16,166 $72,440 $— $— $206,749 
Special mention— — 2,345 — — 739 — — 3,084 
Substandard— 1,182 9,965 2,868 — 8,114 — — 22,129 
Doubtful— — — — — — — — — 
Subtotal$31,441 $27,690 $53,685 $21,687 $16,166 $81,293 $— $— $231,962 
Current period charge-offs$— $— $— $66 $— $— $— $— $66 
SBA—non-real estate
Pass$10,443 $4,498 $1,837 $154 $1,303 $2,621 $— $— $20,856 
Special mention— — — — — — — — — 
Substandard— — 483 — 157 154 — — 794 
Doubtful— — — — — 98 — — 98 
Subtotal$10,443 $4,498 $2,320 $154 $1,460 $2,873 $— $— $21,748 
Current period charge-offs$— $— $— $— $— $27 $— $— $27 
C&I
Pass$19,712 $11,525 $14,016 $18,122 $3,356 $2,664 $140,278 $3,024 $212,697 
Special mention— — — — — — 400 — 400 
Substandard— — — — — — — — — 
Doubtful— — — — — — — — — 
Subtotal$19,712 $11,525 $14,016 $18,122 $3,356 $2,664 $140,678 $3,024 $213,097 
Current period charge-offs$— $44 $— $— $— $— $— $— $44 
Home mortgage
Pass$42,112 $63,000 $284,208 $70,326 $17,749 $32,129 $— $— $509,524 
Special mention— — — — — — — — — 
Substandard— — — — — — — — — 
Doubtful— — — — — — — — — 
Subtotal$42,112 $63,000 $284,208 $70,326 $17,749 $32,129 $— $— $509,524 
Current period charge-offs$— $— $— $— $— $— $— $— $— 
Consumer
Pass$27 $— $— $— $— $— $247 $— $274 
Special mention— — — — — — — — — 
Substandard— — — — — — — — — 
Doubtful— — — — — — — — — 
Subtotal$27 $— $— $— $— $— $247 $— $274 
Current period charge-offs$— $— $— $— $— $— $— $— $— 
Total loans
Pass$304,876 $190,587 $532,404 $244,846 $127,567 $360,145 $157,537 $3,024 $1,920,986 
Special mention— — 2,924 2,246 — 739 400 — 6,309 
Substandard— 2,762 10,767 2,868 157 12,905 — — 29,459 
Doubtful— — — — — 98 — — 98 
Subtotal$304,876 $193,349 $546,095 $249,960 $127,724 $373,887 $157,937 $3,024 $1,956,852 
Current period charge-offs$— $44 $— $66 $— $27 $— $— $137 
(1)Excludes accrued interest receivables of $8.1 million as of December 31, 2024.
v3.25.1
Premises and Equipment (Tables)
 3 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
Schedule of Premises and Equipment
The following table presents information regarding the premises and equipment as of March 31, 2025 and December 31, 2024:

($ in thousands)March 31, 2025December 31, 2024
Leasehold improvements$10,274 $10,019 
Furniture and fixtures4,986 4,902 
Equipment and others4,914 3,831 
Total premises and equipment20,174 18,752 
Accumulated depreciation(13,648)(13,303)
Total premises and equipment, net$6,526 $5,449 
v3.25.1
Servicing Assets (Tables)
 3 Months Ended
Mar. 31, 2025
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 months ended March 31, 2025 and 2024:

Three Months Ended March 31,
($ in thousands)20252024
Beginning balance$10,834 $11,741 
Additions from loans sold with servicing retained681 552 
Amortized to expense(667)(888)
Ending balance$10,848 $11,405 
v3.25.1
Deposits (Tables)
 3 Months Ended
Mar. 31, 2025
Deposits [Abstract]  
Schedule of Maturities of Time Deposits
The following table presents the scheduled contractual maturities of time deposits as of March 31, 2025:

($ in thousands)
Remainder of 2025$989,950 
2026261,258 
2027377 
2028362 
2029 and thereafter47 
Total$1,251,994 
v3.25.1
Borrowing Arrangements (Tables)
 3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Borrowings Available to the Company from Institutions
The Company had available borrowing capacity from the following institutions as of March 31, 2025:

($ in thousands)
FHLB$381,456 
Federal Reserve Bank217,563 
Pacific Coast Bankers Bank50,000 
Zions Bank25,000 
First Horizon Bank25,000 
Total$699,019 
v3.25.1
Commitments and Contingencies (Tables)
 3 Months Ended
Mar. 31, 2025
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 March 31, 2025 and December 31, 2024:

($ in thousands)March 31, 2025December 31, 2024
Loan commitments$294,719 $261,446 
Standby letter of credit23,010 21,059 
Commercial letter of credit23 49 
Total undisbursed credit related commitments$317,752 $282,554 
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 March 31, 2025 and December 31, 2024:

($ in thousands)March 31, 2025December 31, 2024
Investments in low-income housing partnerships$14,694 $15,191 
Unfunded commitments to fund investments for low-income housing partnerships
6,379 7,622 
v3.25.1
Stock-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
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 2021 Plan for the three months ended March 31, 2025 is as follows:

($ in thousands, except share data)
Shares
Issued
Weighted
Average
Grant Date
Fair Value		Aggregate
Intrinsic
Value
Non-vested, as of January 1, 2025250,088 $11.78 $3,954 
Awards granted38,471 14.93 
Awards vested(148,129)12.54 
Awards forfeited(9,484)14.30 
Non-vested, as of March 31, 2025130,946 $11.15 $1,574 
Schedule of Share Based Compensation Arrangement Information Related to Plan
Information related to vested restricted stock awards under the 2021 Plan for the periods indicated follows:

Three Months Ended March 31,
($ in thousands)20252024
Tax benefit (provision) realized from awards vested$30 $(3)
v3.25.1
Fair Value of Financial Instruments (Tables)
 3 Months Ended
Mar. 31, 2025
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 March 31, 2025 and December 31, 2024 are summarized below:

Fair Value Measure on a Recurring Basis
($ in thousands)Total
Fair Value		Quoted
Prices in
Active Markets
(Level 1)		Significant Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)
March 31, 2025
Assets:
U.S. Government agencies or sponsored agency securities:
Residential mortgage-backed securities$36,398 $— $36,398 $— 
Residential collateralized mortgage obligations140,576 — 140,576 — 
Municipal securities - tax exempt5,506 — 5,506 — 
Other investments:
Mutual fund - CRA qualified3,612 3,612 — — 
Derivative financial instruments124 — 124 — 
Liabilities:
Derivative financial instruments$883 $— $883 $— 
December 31, 2024
Assets:
U.S. Government agencies or sponsored agency securities:
Residential mortgage-backed securities$37,076 $— $37,076 $— 
Residential collateralized mortgage obligations143,041 — 143,041 — 
Municipal securities - tax exempt5,792 — 5,792 — 
Other investments:
Mutual fund - CRA qualified3,532 3,532 — — 
Derivative financial instruments368 — 368 — 
Liabilities:
Derivative financial instruments$579 $— $579 $— 
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 March 31, 2025 and December 31, 2024:

Fair Value Measure on a Nonrecurring Basis
($ in thousands)Total
Fair Value		Quoted
Prices in
Active Markets
(Level 1)		Significant Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)
March 31, 2025
Collateral-dependent loans:
Commercial real estate$222 $— $— $222 
SBA—real estate1,393 — — 1,393 
Total$1,615 $— $— $1,615 
December 31, 2024
Collateral-dependent loans:
Commercial real estate$173 $— $— $173 
SBA—real estate952 — — 952 
OREO1237 — — 1237 
Total$2,362 $— $— $2,362 
Total
Schedule of Increase (Decrease) In Value of Certain Assets Held at End of Respective Reporting Periods Presented for Which a Nonrecurring Fair Value Adjustment
The following table presents the increase (decrease) in value of certain assets held at the end of the respective reporting periods presented for which a nonrecurring fair value adjustment was recognized during the period presented:
Three Months Ended March 31,
($ in thousands)20252024
Collateral-dependent loans:
Commercial real estate$49 $— 
SBA—real estate274 — 
Total$323 $— 
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 March 31, 2025 and December 31, 2024:

($ in thousands)Fair Value
Measurements
(Level 3)		Valuation
Techniques		Unobservable
Inputs		Range of
Inputs
Weighted-
Average of
Inputs(1)
March 31, 2025
Collateral-dependent loans:
Commercial real estate$222 
Income approach - income capitalization
Capitalization rate
5.5% to 7.3%
6.0%
SBA—real estate948 
Income approach - income capitalization
Capitalization rate
5.5% to 9.0%
6.7%
SBA—real estate278 Sales comparison approachMarket data comparison
0.0% to 35.0%
4.7%
SBA—real estate167 Cost approachReplacement cost estimates
1.23x for building / 0.0% to 36.0% for land
1.23x for building / 26.2% for land
December 31, 2024
Collateral-dependent loans:
Commercial real estate$173 Income approach - income capitalizationCapitalization rate
5.5% to 7.3%
6.0%
SBA—real estate539 Income approach - income capitalizationCapitalization rate
5.5% to 7.3%
10.4%
SBA—real estate413 Sales comparisonMarket data / purchase pricen/an/a
OREO$1,237 Sales comparison approachMarket data comparison
(3.7)% to 2.2%
(0.5)%
(1)Weighted-average of inputs is based on the relative fair value of the respective assets as of March 31, 2025 and December 31, 2024.
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 March 31, 2025 and December 31, 2024 are as follows. These financial assets and liabilities are measured at amortized cost basis on the Company’s Consolidated Balance Sheets:

March 31, 2025
($ in thousands)Carrying
Amount		Level 1Level 2Level 3Fair Value
Financial assets:
Cash and cash equivalents$198,861 $198,861 $— $— $198,861 
Loans held for sale4,555 — 4,916 — 4,916 
Loans receivable, net2,018,517 — — 2,083,302 2,083,302 
Accrued interest receivable, net9,871 471 814 8,586 9,871 
Other investments:
FHLB and PCBB stock12,805 N/AN/AN/AN/A
Time deposits placed100 — 100 — 100 
Financial liabilities:
Deposits2,189,871 — 2,191,005 — 2,191,005 
FHLB advances75,000 — 74,998 — 74,998 
Accrued interest payable14,994 — 14,994 — 14,994 
December 31, 2024
($ in thousands)Carrying
Amount		Level 1Level 2Level 3Fair Value
Financial assets:
Cash and cash equivalents$134,943 $134,943 $— $— $134,943 
Loans receivable, net1,932,056 — — 1,986,813 1,986,813 
Accrued interest receivable, net9,188 181 888 8,119 9,188 
Other investments:
FHLB and PCBB stock12,805 N/AN/AN/AN/A
Time deposits placed100 — 100 — 100 
Financial liabilities:
Deposits2,027,285 — 2,026,092 — 2,026,092 
FHLB advances95,000 — 94,986 — 94,986 
Accrued interest payable16,067 — 16,067 — 16,067 
v3.25.1
Derivative Financial Instruments (Tables)
 3 Months Ended
Mar. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the Balance Sheet as of March 31, 2025 and December 31, 2024:
Derivative AssetsDerivative Liabilities
($ in thousands)Notional AmountBalance Sheet LocationFair ValueNotional AmountBalance Sheet LocationFair Value
As of March 31, 2025
Derivatives designated as hedging instruments:
Interest rate products$25,000 Other assets$124 $50,000 Other liabilities$883 
Total derivatives designated as hedging instruments$124 $883 
As of December 31, 2024
Derivatives designated as hedging instruments:
Interest rate products$25,000 Other assets$368 $50,000 Other liabilities$579 
Total derivatives designated as hedging instruments$368 $579 
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)
The table below presents the effect of cash flow hedge accounting on accumulated OCI for the three months ended March 31, 2025:
Derivatives in Subtopic 815-20 Hedging Relationships
($ in thousands)
Amount of Gain (Loss) Recognized in OCI on Derivative Amount of Gain (Loss) Recognized in OCI Included ComponentAmount of Gain (Loss) Recognized in OCI Excluded ComponentLocation of Gain (Loss) Recognized from Accumulated OCI into IncomeAmount of Gain (Loss) Reclassified from Accumulated OCI into Income Amount of Gain (Loss) Reclassified from Accumulated OCI into Income Included ComponentAmount of Gain (Loss) Reclassified from Accumulated OCI into Income Excluded Component
Three Months Ended March 31, 2025
Derivatives in cash flow hedging relationships: 
Interest rate products$(482)$(482)$— Interest expense$31 $31 $— 
Total$(482)$(482)$— $31 $31 $— 
The Company had no derivative instruments that affect accumulated OCI for the three months ended March 31, 2024.
Schedule of Derivative Instruments, Effect on Statement of Income
The table below presents the effect of the Company’s derivative financial instruments on the Statement of Income for the three months ended March 31, 2025:
Three Months Ended March 31, 2025
($ in thousands)Interest Expense
Total amounts of income and expense line items presented in the statement of financial performance in which the effects of fair value or cash flow hedges are recorded$31 
The effects of cash flow hedging:
Gain (loss) on cash flow hedging relationships in Subtopic 815-20
Interest contracts
Amount of loss reclassified from accumulated OCI into income$31 
Amount of gain (loss) reclassified from accumulated OCI into income as a result that a forecasted transaction is no longer probable of occurring— 
Amount of loss reclassified from accumulated OCI into income - included component31 
Amount of gain (loss) reclassified from accumulated OCI into income - excluded component— 
Schedule of Offsetting Assets
The table below presents a gross presentation, the effects of offsetting, and a net presentation of the Company’s derivatives as of March 31, 2025 and December 31, 2024. The net amounts of derivative assets or liabilities can be reconciled to the tabular disclosure of fair value. The tabular disclosure of fair value provides the location that derivative assets and liabilities are presented on the Balance Sheet:
Offsetting of Derivative Assets
Gross Amounts of Recognized AssetsGross Amounts Offset in the Balance SheetNet Amounts of Assets presented in the Balance SheetGross Amounts Not Offset in the Balance Sheet
($ in thousands)Financial InstrumentsCash Collateral ReceivedNet Amount
As of March 31, 2025
Derivatives$124 $— $124 $— $124 $— 
Total$124 $— $124 $— $124 $— 
As of December 31, 2024
Derivatives$368 $— $368 $— $368 $— 
Total$368 $— $368 $— $368 $— 
Offsetting of Derivative Liabilities
Gross Amounts of Recognized LiabilitiesGross Amounts Offset in the Balance SheetNet Amounts of Liabilities presented in the Balance SheetGross Amounts Not Offset in the Balance Sheet
($ in thousands)Financial InstrumentsCash Collateral PostedNet Amount
As of March 31, 2025
Derivatives$883 $— $883 $— $883 $— 
Total$883 $— $883 $— $883 $— 
As of December 31, 2024
Derivatives$579 $— $579 $— $579 $— 
Total$579 $— $579 $— $579 $— 
Schedule of Offsetting Liabilities
The table below presents a gross presentation, the effects of offsetting, and a net presentation of the Company’s derivatives as of March 31, 2025 and December 31, 2024. The net amounts of derivative assets or liabilities can be reconciled to the tabular disclosure of fair value. The tabular disclosure of fair value provides the location that derivative assets and liabilities are presented on the Balance Sheet:
Offsetting of Derivative Assets
Gross Amounts of Recognized AssetsGross Amounts Offset in the Balance SheetNet Amounts of Assets presented in the Balance SheetGross Amounts Not Offset in the Balance Sheet
($ in thousands)Financial InstrumentsCash Collateral ReceivedNet Amount
As of March 31, 2025
Derivatives$124 $— $124 $— $124 $— 
Total$124 $— $124 $— $124 $— 
As of December 31, 2024
Derivatives$368 $— $368 $— $368 $— 
Total$368 $— $368 $— $368 $— 
Offsetting of Derivative Liabilities
Gross Amounts of Recognized LiabilitiesGross Amounts Offset in the Balance SheetNet Amounts of Liabilities presented in the Balance SheetGross Amounts Not Offset in the Balance Sheet
($ in thousands)Financial InstrumentsCash Collateral PostedNet Amount
As of March 31, 2025
Derivatives$883 $— $883 $— $883 $— 
Total$883 $— $883 $— $883 $— 
As of December 31, 2024
Derivatives$579 $— $579 $— $579 $— 
Total$579 $— $579 $— $579 $— 
v3.25.1
Regulatory Capital Matters (Tables)
 3 Months Ended
Mar. 31, 2025
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:

March 31, 2025
Actual(1)
Required for
Capital Adequacy
Purposes		Minimum
To be Considered
"Well Capitalized"
($ in thousands)AmountRatioAmountRatioAmountRatio
Total capital (to risk-weighted assets)
Consolidated$248,393 12.33 % N/A N/A N/A N/A
Bank246,883 12.24 $161,313 8.00 %$201,641 10.00 %
Tier 1 capital (to risk-weighted assets)
Consolidated223,210 11.08  N/A N/A N/A N/A
Bank221,678 10.99 120,985 6.00 161,313 8.00 
Common equity Tier 1 capital (to risk-weighted
 assets)
Consolidated223,210 11.08  N/A N/A N/A N/A
Bank221,678 10.99 90,738 4.50 131,067 6.50 
Tier 1 capital (to average assets)
Consolidated223,210 9.22  N/A N/A N/A N/A
Bank221,678 9.15 96,874 4.00 121,093 5.00 
(1)The capital requirements are only applicable to the Bank, and the Company's ratios are included for comparison purpose.
December 31, 2024
Actual(1)
Required for
Capital Adequacy
Purposes		Minimum
To be Considered
"Well Capitalized"
($ in thousands)AmountRatioAmountRatioAmountRatio
Total capital (to risk-weighted assets)
Consolidated$244,659 12.60 %N/AN/AN/AN/A
Bank242,966 12.50 $155,463 8.00 %$194,328 10.00 %
Tier 1 capital (to risk-weighted assets)
Consolidated220,390 11.35 N/AN/AN/AN/A
Bank218,675 11.25 116,597 6.00 155,463 8.00 
Common equity Tier 1 capital (to risk-weighted
 assets)
Consolidated220,390 11.35 N/AN/AN/AN/A
Bank218,675 11.25 87,448 4.50 126,313 6.50 
Tier 1 capital (to average assets)
Consolidated220,390 9.27 N/AN/AN/AN/A
Bank218,675 9.20 95,055 4.00 118,819 5.00 
(1)The capital requirements are only applicable to the Bank, and the Company's ratios are included for comparison purpose.
v3.25.1
Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Earnings Per Share The following table presents the calculation of net income applicable to common stockholders and basic and diluted EPS for the three months ended March 31, 2025 and 2024:
Three Months Ended March 31,
($ in thousands, except share and per share data)20252024
Basic
Net income$5,560 $5,226 
Distributed and undistributed earnings allocated to participating securities(74)(98)
Net income allocated to common shares$5,486 $5,128 
Weighted average common shares outstanding14,857,234 14,991,835 
Basic earnings per common share$0.37 $0.34 
Diluted
Net income allocated to common shares$5,486 $5,128 
Weighted average common shares outstanding for basic earnings per common share
14,857,234 14,991,835 
Add: Dilutive effects of assumed exercises of stock options— — 
Average shares and dilutive potential common shares14,857,234 14,991,835 
Diluted earnings per common share$0.37 $0.34 
v3.25.1
Business and Basis of Presentation (Details)
 3 Months Ended
Mar. 31, 2025
office
branch
Accounting Policies [Abstract]  
Number of full service branches | branch 11
Number of loan production offices | office 5
v3.25.1
Securities - Schedule of Amortized Cost, Fair Value, and Corresponding Amounts of Gross Unrealized Gains and Losses for Available for Sale Securities (Details) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Securities [Line Items]    
Amortized Cost $ 200,938 $ 207,538
Gross Unrealized Gain 668 349
Gross Unrealized Loss (19,126) (21,978)
Fair Value 182,480 185,909
Residential mortgage-backed securities    
Securities [Line Items]    
Amortized Cost 40,059 41,521
Gross Unrealized Gain 0 0
Gross Unrealized Loss (3,661) (4,445)
Fair Value 36,398 37,076
Residential collateralized mortgage obligations    
Securities [Line Items]    
Amortized Cost 155,022 160,187
Gross Unrealized Gain 668 312
Gross Unrealized Loss (15,114) (17,458)
Fair Value 140,576 143,041
Municipal securities - tax exempt    
Securities [Line Items]    
Amortized Cost 5,857 5,830
Gross Unrealized Gain 0 37
Gross Unrealized Loss (351) (75)
Fair Value $ 5,506 $ 5,792
v3.25.1
Securities - Additional Information (Details)
 3 Months Ended
Mar. 31, 2025
USD ($)
loan
Mar. 31, 2024
USD ($)
Dec. 31, 2024
USD ($)
Securities [Line Items]      
Proceeds from sale of available-for-sale securities $ 0 $ 0  
Number of securities | loan 90    
Number of securities in unrealized loss position | loan 80    
Debt securities issued by US government sponsored agencies (percent) 97.00%    
Debt securities that are tax exempt municipal securities (percent) 3.00%    
Equity investment in mutual fund with readily determinable fair value $ 3,600,000   $ 3,500,000
Unrealized holding gain (losses) of mutual fund 52,000 $ (36,000)  
Collateral Pledged      
Securities [Line Items]      
Number of securities pledged as collateral $ 0   $ 0
v3.25.1
Securities - Schedule of Amortized Cost and Estimated Fair Value of Securities Available for Sale by Contractual Maturity (Details) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Amortized Cost    
One Year or Less $ 63  
After one year through five years 968  
After five years through ten years 2,590  
After ten years 197,317  
Amortized Cost 200,938 $ 207,538
Fair Value    
One Year or Less 62  
After one year through five years 940  
After five years through ten years 2,403  
After ten years 179,075  
Fair Value $ 182,480 $ 185,909
v3.25.1
Securities - Schedule of Unrealized Losses on AFS Debt Securities (Details) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Securities [Line Items]    
Fair value, less than 12 months $ 9,051 $ 33,951
Unrealized loss, less than 12 months (271) (366)
Fair value, 12 months or longer 125,086 126,658
Unrealized loss, 12 months or longer (18,855) (21,612)
Total fair value 134,137 160,609
Total unrealized loss (19,126) (21,978)
Residential mortgage-backed securities    
Securities [Line Items]    
Fair value, less than 12 months 5,246 5,442
Unrealized loss, less than 12 months (64) (133)
Fair value, 12 months or longer 31,152 31,634
Unrealized loss, 12 months or longer (3,597) (4,312)
Total fair value 36,398 37,076
Total unrealized loss (3,661) (4,445)
Residential collateralized mortgage obligations    
Securities [Line Items]    
Fair value, less than 12 months 0 27,614
Unrealized loss, less than 12 months 0 (214)
Fair value, 12 months or longer 92,233 93,236
Unrealized loss, 12 months or longer (15,114) (17,244)
Total fair value 92,233 120,850
Total unrealized loss (15,114) (17,458)
Municipal securities - tax exempt    
Securities [Line Items]    
Fair value, less than 12 months 3,805 895
Unrealized loss, less than 12 months (207) (19)
Fair value, 12 months or longer 1,701 1,788
Unrealized loss, 12 months or longer (144) (56)
Total fair value 5,506 2,683
Total unrealized loss $ (351) $ (75)
v3.25.1
Securities - Schedule of Other Investments (Details) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Securities [Line Items]    
FHLB stock $ 12,615 $ 12,615
Pacific Coast Bankers Bank ("PCBB") stock 190 190
Mutual fund - Community Reinvestment Act ("CRA") qualified 3,600 3,500
Time deposits placed in other banks 100 100
Total other investments 16,517 16,437
Mutual Fund    
Securities [Line Items]    
Mutual fund - Community Reinvestment Act ("CRA") qualified $ 3,612 $ 3,532
v3.25.1
Loans and Allowance for Credit Losses on Loans - Schedule of Composition of Loan Portfolio (Details) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Mar. 31, 2024
Dec. 31, 2023
Loans And Leases Receivable Disclosure [Line Items]        
Gross loans receivable $ 2,043,885 $ 1,956,852    
Allowance for credit losses (25,368) (24,796) $ (22,129) $ (21,993)
Loans receivable, net 2,018,517 1,932,056    
Deferred loan fees, unamortized premiums and unaccreted (discounts) (114) (702)    
Real Estate | Commercial real estate        
Loans And Leases Receivable Disclosure [Line Items]        
Gross loans receivable 1,023,278 980,247    
Real Estate | SBA—real estate        
Loans And Leases Receivable Disclosure [Line Items]        
Gross loans receivable 237,212 231,962    
SBA—non-real estate        
Loans And Leases Receivable Disclosure [Line Items]        
Gross loans receivable 21,566 21,748    
Allowance for credit losses (512) (418) (229) (147)
C&I        
Loans And Leases Receivable Disclosure [Line Items]        
Gross loans receivable 202,250 213,097    
Allowance for credit losses (1,710) (1,844) (1,663) (1,215)
Home mortgage        
Loans And Leases Receivable Disclosure [Line Items]        
Gross loans receivable 559,543 509,524    
Allowance for credit losses (8,755) (7,684) (9,391) (11,045)
Consumer        
Loans And Leases Receivable Disclosure [Line Items]        
Gross loans receivable 36 274    
Allowance for credit losses $ 0 $ (3) $ (9) $ (14)
v3.25.1
Loans and Allowance for Credit Losses on Loans - Additional Information (Details)
 3 Months Ended
Mar. 31, 2025
USD ($)
factor
Dec. 31, 2024
USD ($)
Mar. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Loans And Leases Receivable Disclosure [Line Items]        
Number of past due days 90 days      
Historical loss of reversion period, baseline scenario 1 year      
Historical loss of reversion period, adverse scenario 2 years      
Number of matrix factors | factor 9      
Non accrual loan threshold $ 500,000      
Collateral dependent loans 2,043,885,000 $ 1,956,852,000    
Allowance for credit losses on loans 25,368,000 24,796,000 $ 22,129,000 $ 21,993,000
Additional commitments lend to borrowers whose loans were modified 0      
Loan Borrowing        
Loans And Leases Receivable Disclosure [Line Items]        
Loans 0 0    
Collateralized Debt Obligations        
Loans And Leases Receivable Disclosure [Line Items]        
Collateral dependent loans 9,900,000 7,700,000    
Allowance for credit losses on loans $ 901,000 $ 1,200,000    
v3.25.1
Loans and Allowance for Credit Losses on Loans - Schedule of Activity in Allowance for Credit Losses on Loans by Portfolio Segment (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Analysis of allowance for loan losses      
Beginning balance $ 24,796 $ 21,993 $ 21,993
Provision for (reversal of) credit losses 687 193  
Charge-offs (130) (68) (137)
Recoveries 15 11  
Ending balance 25,368 22,129 24,796
Commercial real estate      
Analysis of allowance for loan losses      
Beginning balance 9,290 7,915 7,915
Provision for (reversal of) credit losses (280) 129  
Charge-offs 0 0 0
Recoveries 0 0  
Ending balance 9,010 8,044 9,290
SBA—real estate      
Analysis of allowance for loan losses      
Beginning balance 5,557 1,657 1,657
Provision for (reversal of) credit losses (176) 1,202  
Charge-offs 0 (66) (66)
Recoveries 0 0  
Ending balance 5,381 2,793 5,557
SBA—non-real estate      
Analysis of allowance for loan losses      
Beginning balance 418 147 147
Provision for (reversal of) credit losses 89 71  
Charge-offs (10) 0 (27)
Recoveries 15 11  
Ending balance 512 229 418
C&I      
Analysis of allowance for loan losses      
Beginning balance 1,844 1,215 1,215
Provision for (reversal of) credit losses (105) 448  
Charge-offs (29) 0 (44)
Recoveries 0 0  
Ending balance 1,710 1,663 1,844
Home mortgage      
Analysis of allowance for loan losses      
Beginning balance 7,684 11,045 11,045
Provision for (reversal of) credit losses 1,162 (1,652)  
Charge-offs (91) (2) 0
Recoveries 0 0  
Ending balance 8,755 9,391 7,684
Consumer      
Analysis of allowance for loan losses      
Beginning balance 3 14 14
Provision for (reversal of) credit losses (3) (5)  
Charge-offs 0 0 0
Recoveries 0 0  
Ending balance $ 0 $ 9 $ 3
v3.25.1
Loans and Allowance for Credit Losses on Loans - Schedule of Collateral Dependent Loans (Details) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Mar. 31, 2024
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]      
Total $ 2,043,885 $ 1,956,852  
Loans Insured or Guaranteed by non-US Government Authorities      
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]      
Excludes guaranteed portion of loans 7,400   $ 2,800
Collateralized Mortgage-Backed Securities      
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]      
Total 9,904 7,651  
Collateralized Mortgage-Backed Securities | Loans Insured or Guaranteed by non-US Government Authorities      
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]      
Excludes guaranteed portion of loans 13,100 15,200  
Commercial real estate      
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]      
Total 1,023,278 980,247  
Commercial real estate | Collateralized Mortgage-Backed Securities      
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]      
Total 1,937 1,943  
SBA—real estate      
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]      
Total 237,212 231,962  
SBA—real estate | Loans Insured or Guaranteed by non-US Government Authorities      
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]      
Excludes guaranteed portion of loans 1,900    
SBA—real estate | Collateralized Mortgage-Backed Securities      
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]      
Total 5,863 5,708  
Home mortgage      
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]      
Total 559,543 509,524  
Home mortgage | Collateralized Mortgage-Backed Securities      
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]      
Total 2,104    
Hotel / Motel | Collateralized Mortgage-Backed Securities      
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]      
Total 5,284 5,282  
Hotel / Motel | Commercial real estate | Collateralized Mortgage-Backed Securities      
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]      
Total 1,580 1,580  
Hotel / Motel | SBA—real estate | Collateralized Mortgage-Backed Securities      
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]      
Total 3,704 3,702  
Hotel / Motel | Home mortgage | Collateralized Mortgage-Backed Securities      
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]      
Total 0    
Retail | Collateralized Mortgage-Backed Securities      
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]      
Total 2,347 2,369  
Retail | Commercial real estate | Collateralized Mortgage-Backed Securities      
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]      
Total 357 363  
Retail | SBA—real estate | Collateralized Mortgage-Backed Securities      
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]      
Total 1,990 2,006  
Retail | Home mortgage | Collateralized Mortgage-Backed Securities      
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]      
Total 0    
Gas Station | Collateralized Mortgage-Backed Securities      
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]      
Total 169 0  
Gas Station | Commercial real estate | Collateralized Mortgage-Backed Securities      
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]      
Total 0 0  
Gas Station | SBA—real estate | Collateralized Mortgage-Backed Securities      
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]      
Total 169 0  
Gas Station | Home mortgage | Collateralized Mortgage-Backed Securities      
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]      
Total 0    
Single-Family Residential | Collateralized Mortgage-Backed Securities      
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]      
Total 2,104 0  
Single-Family Residential | Commercial real estate | Collateralized Mortgage-Backed Securities      
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]      
Total 0 0  
Single-Family Residential | SBA—real estate | Collateralized Mortgage-Backed Securities      
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]      
Total 0 $ 0  
Single-Family Residential | Home mortgage | Collateralized Mortgage-Backed Securities      
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]      
Total $ 2,104    
v3.25.1
Loans and Allowance for Credit Losses on Loans - 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
Mar. 31, 2025
Dec. 31, 2024
Financing Receivable Recorded Investment Past Due [Line Items]    
Nonaccrual Loans with a Related Allowance for Credit Losses $ 3,024 $ 2,538
Nonaccrual Loans without a Related Allowance for Credit Losses 7,388 5,282
Total Nonaccrual Loans 10,412 7,820
90 or More Days Past Due & Still Accruing 0 0
Total 10,412 7,820
Loans Insured or Guaranteed by non-US Government Authorities    
Financing Receivable Recorded Investment Past Due [Line Items]    
Total 14,300 16,300
Commercial real estate    
Financing Receivable Recorded Investment Past Due [Line Items]    
Nonaccrual Loans with a Related Allowance for Credit Losses 357  
Nonaccrual Loans without a Related Allowance for Credit Losses 1,580  
Total Nonaccrual Loans 1,937  
90 or More Days Past Due & Still Accruing 0  
Total 1,937  
SBA—real estate    
Financing Receivable Recorded Investment Past Due [Line Items]    
Nonaccrual Loans with a Related Allowance for Credit Losses 2,342 363
Nonaccrual Loans without a Related Allowance for Credit Losses 3,704 1,580
Total Nonaccrual Loans 6,046 1,943
90 or More Days Past Due & Still Accruing 0 0
Total 6,046 1,943
SBA—non-real estate    
Financing Receivable Recorded Investment Past Due [Line Items]    
Nonaccrual Loans with a Related Allowance for Credit Losses 325 2,006
Nonaccrual Loans without a Related Allowance for Credit Losses 0 3,702
Total Nonaccrual Loans 325 5,708
90 or More Days Past Due & Still Accruing 0 0
Total 325 5,708
C&I    
Financing Receivable Recorded Investment Past Due [Line Items]    
Nonaccrual Loans with a Related Allowance for Credit Losses 0  
Nonaccrual Loans without a Related Allowance for Credit Losses 0  
Total Nonaccrual Loans 0  
90 or More Days Past Due & Still Accruing 0  
Total 0  
Home mortgage    
Financing Receivable Recorded Investment Past Due [Line Items]    
Nonaccrual Loans with a Related Allowance for Credit Losses 0 169
Nonaccrual Loans without a Related Allowance for Credit Losses 2,104 0
Total Nonaccrual Loans 2,104 169
90 or More Days Past Due & Still Accruing 0 0
Total $ 2,104 $ 169
v3.25.1
Loans and Allowance for Credit Losses on Loans - Schedule of Aging Analysis of Recorded Investment in Past Due Loans (Details) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Financing Receivable Recorded Investment Past Due [Line Items]    
Gross loans receivable $ 2,043,885 $ 1,956,852
Accrued interest receivable 8,600 8,100
Commercial real estate    
Financing Receivable Recorded Investment Past Due [Line Items]    
Gross loans receivable 1,023,278 980,247
SBA—real estate    
Financing Receivable Recorded Investment Past Due [Line Items]    
Gross loans receivable 237,212 231,962
SBA—non-real estate    
Financing Receivable Recorded Investment Past Due [Line Items]    
Gross loans receivable 21,566 21,748
C&I    
Financing Receivable Recorded Investment Past Due [Line Items]    
Gross loans receivable 202,250 213,097
Home mortgage    
Financing Receivable Recorded Investment Past Due [Line Items]    
Gross loans receivable 559,543 509,524
Consumer    
Financing Receivable Recorded Investment Past Due [Line Items]    
Gross loans receivable 36 274
Total Past Due    
Financing Receivable Recorded Investment Past Due [Line Items]    
Gross loans receivable 12,856 11,457
Total Past Due | Loans Insured or Guaranteed by non-US Government Authorities    
Financing Receivable Recorded Investment Past Due [Line Items]    
Gross loans receivable 6,400 8,700
Total Past Due | Commercial real estate    
Financing Receivable Recorded Investment Past Due [Line Items]    
Gross loans receivable 1,297 362
Total Past Due | SBA—real estate    
Financing Receivable Recorded Investment Past Due [Line Items]    
Gross loans receivable 4,609 2,318
Total Past Due | SBA—non-real estate    
Financing Receivable Recorded Investment Past Due [Line Items]    
Gross loans receivable 387 394
Total Past Due | C&I    
Financing Receivable Recorded Investment Past Due [Line Items]    
Gross loans receivable 488 15
Total Past Due | Home mortgage    
Financing Receivable Recorded Investment Past Due [Line Items]    
Gross loans receivable 6,075 8,368
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 6,441 3,280
30-59 Days Past Due | Commercial real estate    
Financing Receivable Recorded Investment Past Due [Line Items]    
Gross loans receivable 940 0
30-59 Days Past Due | SBA—real estate    
Financing Receivable Recorded Investment Past Due [Line Items]    
Gross loans receivable 2,267 237
30-59 Days Past Due | SBA—non-real estate    
Financing Receivable Recorded Investment Past Due [Line Items]    
Gross loans receivable 232 254
30-59 Days Past Due | C&I    
Financing Receivable Recorded Investment Past Due [Line Items]    
Gross loans receivable 488 15
30-59 Days Past Due | Home mortgage    
Financing Receivable Recorded Investment Past Due [Line Items]    
Gross loans receivable 2,514 2,774
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 1,473 5,807
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—real estate    
Financing Receivable Recorded Investment Past Due [Line Items]    
Gross loans receivable 0 75
60-89 Days Past Due | SBA—non-real estate    
Financing Receivable Recorded Investment Past Due [Line Items]    
Gross loans receivable 16 138
60-89 Days Past Due | 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 1,457 5,594
60-89 Days Past Due | Consumer    
Financing Receivable Recorded Investment Past Due [Line Items]    
Gross loans receivable 0 0
> 90 Days Past Due    
Financing Receivable Recorded Investment Past Due [Line Items]    
Gross loans receivable 4,942 2,370
> 90 Days Past Due | Commercial real estate    
Financing Receivable Recorded Investment Past Due [Line Items]    
Gross loans receivable 357 362
> 90 Days Past Due | SBA—real estate    
Financing Receivable Recorded Investment Past Due [Line Items]    
Gross loans receivable 2,342 2,006
> 90 Days Past Due | SBA—non-real estate    
Financing Receivable Recorded Investment Past Due [Line Items]    
Gross loans receivable 139 2
> 90 Days Past Due | C&I    
Financing Receivable Recorded Investment Past Due [Line Items]    
Gross loans receivable 0 0
> 90 Days Past Due | Home mortgage    
Financing Receivable Recorded Investment Past Due [Line Items]    
Gross loans receivable 2,104 0
> 90 Days Past 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 2,031,029 1,945,395
Loans Not Past Due | Commercial real estate    
Financing Receivable Recorded Investment Past Due [Line Items]    
Gross loans receivable 1,021,981 979,885
Loans Not Past Due | SBA—real estate    
Financing Receivable Recorded Investment Past Due [Line Items]    
Gross loans receivable 232,603 229,644
Loans Not Past Due | SBA—non-real estate    
Financing Receivable Recorded Investment Past Due [Line Items]    
Gross loans receivable 21,179 21,354
Loans Not Past Due | C&I    
Financing Receivable Recorded Investment Past Due [Line Items]    
Gross loans receivable 201,762 213,082
Loans Not Past Due | Home mortgage    
Financing Receivable Recorded Investment Past Due [Line Items]    
Gross loans receivable 553,468 501,156
Loans Not Past Due | Consumer    
Financing Receivable Recorded Investment Past Due [Line Items]    
Gross loans receivable $ 36 $ 274
v3.25.1
Loans and Allowance for Credit Losses on Loans - Schedule of Modified Loans (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Financing Receivable, Modified [Line Items]    
Modified Amount $ 3,804  
Financing receivable, modified, accumulated 9,080 $ 4,471
Current    
Financing Receivable, Modified [Line Items]    
Financing receivable, modified, accumulated 9,080 4,471
30 - 89 Days Past Due    
Financing Receivable, Modified [Line Items]    
Financing receivable, modified, accumulated 0 0
> 90 Days Past Due    
Financing Receivable, Modified [Line Items]    
Financing receivable, modified, accumulated 0 0
Loans Insured or Guaranteed by non-US Government Authorities    
Financing Receivable, Modified [Line Items]    
Excludes guaranteed portion of loans 7,400 2,800
Payment Delay    
Financing Receivable, Modified [Line Items]    
Modified Amount 649  
Interest Only    
Financing Receivable, Modified [Line Items]    
Modified Amount 3,155  
Commercial real estate    
Financing Receivable, Modified [Line Items]    
Modified Amount $ 3,155  
Percentage to Each Loan Segment 0.31%  
Financing receivable, modified, accumulated $ 4,735 624
Commercial real estate | Current    
Financing Receivable, Modified [Line Items]    
Financing receivable, modified, accumulated 4,735 624
Commercial real estate | 30 - 89 Days Past Due    
Financing Receivable, Modified [Line Items]    
Financing receivable, modified, accumulated 0 0
Commercial real estate | > 90 Days Past Due    
Financing Receivable, Modified [Line Items]    
Financing receivable, modified, accumulated 0 0
Commercial real estate | Payment Delay    
Financing Receivable, Modified [Line Items]    
Modified Amount 0  
Commercial real estate | Interest Only    
Financing Receivable, Modified [Line Items]    
Modified Amount 3,155  
SBA—real estate    
Financing Receivable, Modified [Line Items]    
Modified Amount $ 649  
Percentage to Each Loan Segment 1.08%  
Financing receivable, modified, accumulated $ 4,095 3,090
SBA—real estate | Current    
Financing Receivable, Modified [Line Items]    
Financing receivable, modified, accumulated 4,095 3,090
SBA—real estate | 30 - 89 Days Past Due    
Financing Receivable, Modified [Line Items]    
Financing receivable, modified, accumulated 0
SBA—real estate | > 90 Days Past Due    
Financing Receivable, Modified [Line Items]    
Financing receivable, modified, accumulated 0
SBA—real estate | Loans Insured or Guaranteed by non-US Government Authorities    
Financing Receivable, Modified [Line Items]    
Excludes guaranteed portion of loans 1,900  
SBA—real estate | Payment Delay    
Financing Receivable, Modified [Line Items]    
Modified Amount 649  
SBA—real estate | Interest Only    
Financing Receivable, Modified [Line Items]    
Modified Amount 0  
C&I    
Financing Receivable, Modified [Line Items]    
Financing receivable, modified, accumulated 250 403
C&I | Current    
Financing Receivable, Modified [Line Items]    
Financing receivable, modified, accumulated 250 403
C&I | 30 - 89 Days Past Due    
Financing Receivable, Modified [Line Items]    
Financing receivable, modified, accumulated 0
C&I | > 90 Days Past Due    
Financing Receivable, Modified [Line Items]    
Financing receivable, modified, accumulated $ 0
Home mortgage    
Financing Receivable, Modified [Line Items]    
Financing receivable, modified, accumulated   354
Home mortgage | Current    
Financing Receivable, Modified [Line Items]    
Financing receivable, modified, accumulated   354
Home mortgage | 30 - 89 Days Past Due    
Financing Receivable, Modified [Line Items]    
Financing receivable, modified, accumulated   0
Home mortgage | > 90 Days Past Due    
Financing Receivable, Modified [Line Items]    
Financing receivable, modified, accumulated   $ 0
v3.25.1
Loans and Allowance for Credit Losses on Loans - Schedule of Financial Effect of Loan Modifications (Details)
 3 Months Ended
Mar. 31, 2025
SBA—real estate | Payment Delay  
Financing Receivable, Modified [Line Items]  
Financing receivable, modified, weighted average term increase from modification 6 months
Commercial real estate | Interest Only  
Financing Receivable, Modified [Line Items]  
Financing receivable, modified, weighted average term increase from modification 6 months
v3.25.1
Loans and Allowance for Credit Losses on Loans - Schedule of Credit Risk Ratings by Portfolio Segment (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Financing Receivable Recorded Investment [Line Items]      
Current Year $ 163,925   $ 304,876
Year One 367,963   193,349
Year Two 204,400   546,095
Year Three 574,425   249,960
Year Four 280,875   127,724
Prior 300,475   373,887
Revolving Loans 150,190   157,937
Revolving Loans Converted to Term Loans 1,632   3,024
Total 2,043,885   1,956,852
Current period charge-offs      
Current Year 0   0
Year One 0   44
Year Two 32   0
Year Three 77   66
Year Four 0   0
Prior 21   27
Revolving Loans 0   0
Revolving Loans Converted to Term Loans 0   0
Total $ 130 $ 68 $ 137
Financing Receivable, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration] Accrued interest receivable   Accrued interest receivable
Accrued interest receivable $ 8,600   $ 8,100
Pass      
Financing Receivable Recorded Investment [Line Items]      
Current Year 163,925   304,876
Year One 367,963   190,587
Year Two 201,328   532,404
Year Three 551,236   244,846
Year Four 278,355   127,567
Prior 289,398   360,145
Revolving Loans 149,801   157,537
Revolving Loans Converted to Term Loans 1,632   3,024
Total 2,003,638   1,920,986
Special mention      
Financing Receivable Recorded Investment [Line Items]      
Current Year 0   0
Year One 0   0
Year Two 0   2,924
Year Three 6,879   2,246
Year Four 2,229   0
Prior 627   739
Revolving Loans 389   400
Revolving Loans Converted to Term Loans 0   0
Total 10,124   6,309
Substandard      
Financing Receivable Recorded Investment [Line Items]      
Current Year 0   0
Year One 0   2,762
Year Two 3,072   10,767
Year Three 16,310   2,868
Year Four 291   157
Prior 10,352   12,905
Revolving Loans 0   0
Revolving Loans Converted to Term Loans 0   0
Total 30,025   29,459
Doubtful      
Financing Receivable Recorded Investment [Line Items]      
Current Year 0   0
Year One 0   0
Year Two 0   0
Year Three 0   0
Year Four 0   0
Prior 98   98
Revolving Loans 0   0
Revolving Loans Converted to Term Loans 0   0
Total 98   98
Commercial real estate      
Financing Receivable Recorded Investment [Line Items]      
Current Year 73,633   201,141
Year One 267,903   86,636
Year Two 101,724   191,866
Year Three 236,871   139,671
Year Four 175,119   88,993
Prior 150,903   254,928
Revolving Loans 17,125   17,012
Revolving Loans Converted to Term Loans 0   0
Total 1,023,278   980,247
Current period charge-offs      
Current Year 0   0
Year One 0   0
Year Two 0   0
Year Three 0   0
Year Four 0   0
Prior 0   0
Revolving Loans 0   0
Revolving Loans Converted to Term Loans 0   0
Total 0 0 0
Commercial real estate | Pass      
Financing Receivable Recorded Investment [Line Items]      
Current Year 73,633   201,141
Year One 267,903   85,056
Year Two 100,144   190,968
Year Three 231,730   137,425
Year Four 172,890   88,993
Prior 150,546   250,291
Revolving Loans 17,125   17,012
Revolving Loans Converted to Term Loans 0   0
Total 1,013,971   970,886
Commercial real estate | Special mention      
Financing Receivable Recorded Investment [Line Items]      
Current Year 0   0
Year One 0   0
Year Two 0   579
Year Three 576   2,246
Year Four 2,229   0
Prior 0   0
Revolving Loans 0   0
Revolving Loans Converted to Term Loans 0   0
Total 2,805   2,825
Commercial real estate | Substandard      
Financing Receivable Recorded Investment [Line Items]      
Current Year 0   0
Year One 0   1,580
Year Two 1,580   319
Year Three 4,565   0
Year Four 0   0
Prior 357   4,637
Revolving Loans 0   0
Revolving Loans Converted to Term Loans 0   0
Total 6,502   6,536
Commercial real estate | Doubtful      
Financing Receivable Recorded Investment [Line Items]      
Current Year 0   0
Year One 0   0
Year Two 0   0
Year Three 0   0
Year Four 0   0
Prior 0   0
Revolving Loans 0   0
Revolving Loans Converted to Term Loans 0   0
Total 0   0
SBA—real estate      
Financing Receivable Recorded Investment [Line Items]      
Current Year 14,125   31,441
Year One 29,027   27,690
Year Two 27,787   53,685
Year Three 53,458   21,687
Year Four 18,936   16,166
Prior 93,879   81,293
Revolving Loans 0   0
Revolving Loans Converted to Term Loans 0   0
Total 237,212   231,962
Current period charge-offs      
Current Year 0   0
Year One 0   0
Year Two 0   0
Year Three 0   66
Year Four 0   0
Prior 0   0
Revolving Loans 0   0
Revolving Loans Converted to Term Loans 0   0
Total 0 66 66
SBA—real estate | Pass      
Financing Receivable Recorded Investment [Line Items]      
Current Year 14,125   31,441
Year One 29,027   26,508
Year Two 26,295   41,375
Year Three 37,190   18,819
Year Four 18,645   16,166
Prior 84,454   72,440
Revolving Loans 0   0
Revolving Loans Converted to Term Loans 0   0
Total 209,736   206,749
SBA—real estate | Special mention      
Financing Receivable Recorded Investment [Line Items]      
Current Year 0   0
Year One 0   0
Year Two 0   2,345
Year Three 6,303   0
Year Four 0   0
Prior 627   739
Revolving Loans 0   0
Revolving Loans Converted to Term Loans 0   0
Total 6,930   3,084
SBA—real estate | Substandard      
Financing Receivable Recorded Investment [Line Items]      
Current Year 0   0
Year One 0   1,182
Year Two 1,492   9,965
Year Three 9,965   2,868
Year Four 291   0
Prior 8,798   8,114
Revolving Loans 0   0
Revolving Loans Converted to Term Loans 0   0
Total 20,546   22,129
SBA—real estate | Doubtful      
Financing Receivable Recorded Investment [Line Items]      
Current Year 0   0
Year One 0   0
Year Two 0   0
Year Three 0   0
Year Four 0   0
Prior 0   0
Revolving Loans 0   0
Revolving Loans Converted to Term Loans 0   0
Total 0   0
SBA—non-real estate      
Financing Receivable Recorded Investment [Line Items]      
Current Year 1,462   10,443
Year One 9,606   4,498
Year Two 4,190   2,320
Year Three 2,222   154
Year Four 124   1,460
Prior 3,962   2,873
Revolving Loans 0   0
Revolving Loans Converted to Term Loans 0   0
Total 21,566   21,748
Current period charge-offs      
Current Year 0   0
Year One 0   0
Year Two 3   0
Year Three 0   0
Year Four 0   0
Prior 7   27
Revolving Loans 0   0
Revolving Loans Converted to Term Loans 0   0
Total 10 0 27
SBA—non-real estate | Pass      
Financing Receivable Recorded Investment [Line Items]      
Current Year 1,462   10,443
Year One 9,606   4,498
Year Two 4,190   1,837
Year Three 1,782   154
Year Four 124   1,303
Prior 3,431   2,621
Revolving Loans 0   0
Revolving Loans Converted to Term Loans 0   0
Total 20,595   20,856
SBA—non-real estate | Special mention      
Financing Receivable Recorded Investment [Line Items]      
Current Year 0   0
Year One 0   0
Year Two 0   0
Year Three 0   0
Year Four 0   0
Prior 0   0
Revolving Loans 0   0
Revolving Loans Converted to Term Loans 0   0
Total 0   0
SBA—non-real estate | Substandard      
Financing Receivable Recorded Investment [Line Items]      
Current Year 0   0
Year One 0   0
Year Two 0   483
Year Three 440   0
Year Four 0   157
Prior 433   154
Revolving Loans 0   0
Revolving Loans Converted to Term Loans 0   0
Total 873   794
SBA—non-real estate | Doubtful      
Financing Receivable Recorded Investment [Line Items]      
Current Year 0   0
Year One 0   0
Year Two 0   0
Year Three 0   0
Year Four 0   0
Prior 98   98
Revolving Loans 0   0
Revolving Loans Converted to Term Loans 0   0
Total 98   98
C&I      
Financing Receivable Recorded Investment [Line Items]      
Current Year 685   19,712
Year One 21,527   11,525
Year Two 11,284   14,016
Year Three 12,513   18,122
Year Four 17,326   3,356
Prior 4,241   2,664
Revolving Loans 133,042   140,678
Revolving Loans Converted to Term Loans 1,632   3,024
Total 202,250   213,097
Current period charge-offs      
Current Year 0   0
Year One 0   44
Year Two 29   0
Year Three 0   0
Year Four 0   0
Prior 0   0
Revolving Loans 0   0
Revolving Loans Converted to Term Loans 0   0
Total 29 0 44
C&I | Pass      
Financing Receivable Recorded Investment [Line Items]      
Current Year 685   19,712
Year One 21,527   11,525
Year Two 11,284   14,016
Year Three 12,513   18,122
Year Four 17,326   3,356
Prior 4,241   2,664
Revolving Loans 132,653   140,278
Revolving Loans Converted to Term Loans 1,632   3,024
Total 201,861   212,697
C&I | Special mention      
Financing Receivable Recorded Investment [Line Items]      
Current Year 0   0
Year One 0   0
Year Two 0   0
Year Three 0   0
Year Four 0   0
Prior 0   0
Revolving Loans 389   400
Revolving Loans Converted to Term Loans 0   0
Total 389   400
C&I | Substandard      
Financing Receivable Recorded Investment [Line Items]      
Current Year 0   0
Year One 0   0
Year Two 0   0
Year Three 0   0
Year Four 0   0
Prior 0   0
Revolving Loans 0   0
Revolving Loans Converted to Term Loans 0   0
Total 0   0
C&I | Doubtful      
Financing Receivable Recorded Investment [Line Items]      
Current Year 0   0
Year One 0   0
Year Two 0   0
Year Three 0   0
Year Four 0   0
Prior 0   0
Revolving Loans 0   0
Revolving Loans Converted to Term Loans 0   0
Total 0   0
Home mortgage      
Financing Receivable Recorded Investment [Line Items]      
Current Year 74,007   42,112
Year One 39,900   63,000
Year Two 59,415   284,208
Year Three 269,361   70,326
Year Four 69,370   17,749
Prior 47,490   32,129
Revolving Loans 0   0
Revolving Loans Converted to Term Loans 0   0
Total 559,543   509,524
Current period charge-offs      
Current Year 0   0
Year One 0   0
Year Two 0   0
Year Three 77   0
Year Four 0   0
Prior 14   0
Revolving Loans 0   0
Revolving Loans Converted to Term Loans 0   0
Total 91 2 0
Home mortgage | Pass      
Financing Receivable Recorded Investment [Line Items]      
Current Year 74,007   42,112
Year One 39,900   63,000
Year Two 59,415   284,208
Year Three 268,021   70,326
Year Four 69,370   17,749
Prior 46,726   32,129
Revolving Loans 0   0
Revolving Loans Converted to Term Loans 0   0
Total 557,439   509,524
Home mortgage | Special mention      
Financing Receivable Recorded Investment [Line Items]      
Current Year 0   0
Year One 0   0
Year Two 0   0
Year Three 0   0
Year Four 0   0
Prior 0   0
Revolving Loans 0   0
Revolving Loans Converted to Term Loans 0   0
Total 0   0
Home mortgage | Substandard      
Financing Receivable Recorded Investment [Line Items]      
Current Year 0   0
Year One 0   0
Year Two 0   0
Year Three 1,340   0
Year Four 0   0
Prior 764   0
Revolving Loans 0   0
Revolving Loans Converted to Term Loans 0   0
Total 2,104   0
Home mortgage | Doubtful      
Financing Receivable Recorded Investment [Line Items]      
Current Year 0   0
Year One 0   0
Year Two 0   0
Year Three 0   0
Year Four 0   0
Prior 0   0
Revolving Loans 0   0
Revolving Loans Converted to Term Loans 0   0
Total 0   0
Consumer      
Financing Receivable Recorded Investment [Line Items]      
Current Year 13   27
Year One 0   0
Year Two 0   0
Year Three 0   0
Year Four 0   0
Prior 0   0
Revolving Loans 23   247
Revolving Loans Converted to Term Loans 0   0
Total 36   274
Current period charge-offs      
Current Year 0   0
Year One 0   0
Year Two 0   0
Year Three 0   0
Year Four 0   0
Prior 0   0
Revolving Loans 0   0
Revolving Loans Converted to Term Loans 0   0
Total 0 $ 0 0
Consumer | Pass      
Financing Receivable Recorded Investment [Line Items]      
Current Year 13   27
Year One 0   0
Year Two 0   0
Year Three 0   0
Year Four 0   0
Prior 0   0
Revolving Loans 23   247
Revolving Loans Converted to Term Loans 0   0
Total 36   274
Consumer | Special mention      
Financing Receivable Recorded Investment [Line Items]      
Current Year 0   0
Year One 0   0
Year Two 0   0
Year Three 0   0
Year Four 0   0
Prior 0   0
Revolving Loans 0   0
Revolving Loans Converted to Term Loans 0   0
Total 0   0
Consumer | Substandard      
Financing Receivable Recorded Investment [Line Items]      
Current Year 0   0
Year One 0   0
Year Two 0   0
Year Three 0   0
Year Four 0   0
Prior 0   0
Revolving Loans 0   0
Revolving Loans Converted to Term Loans 0   0
Total 0   0
Consumer | Doubtful      
Financing Receivable Recorded Investment [Line Items]      
Current Year 0   0
Year One 0   0
Year Two 0   0
Year Three 0   0
Year Four 0   0
Prior 0   0
Revolving Loans 0   0
Revolving Loans Converted to Term Loans 0   0
Total $ 0   $ 0
v3.25.1
Premises and Equipment - Schedule of Premises and Equipment (Details) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Property Plant And Equipment [Line Items]    
Total premises and equipment $ 20,174 $ 18,752
Accumulated depreciation (13,648) (13,303)
Total premises and equipment, net 6,526 5,449
Leasehold improvements    
Property Plant And Equipment [Line Items]    
Total premises and equipment 10,274 10,019
Furniture and fixtures    
Property Plant And Equipment [Line Items]    
Total premises and equipment 4,986 4,902
Equipment and others    
Property Plant And Equipment [Line Items]    
Total premises and equipment $ 4,914 $ 3,831
v3.25.1
Premises and Equipment - Additional Information (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Property, Plant and Equipment [Abstract]    
Depreciation expense $ 347 $ 367
v3.25.1
Servicing Assets - Additional Information (Details) - USD ($)
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Servicing Assets At Amortized Value [Line Items]      
Valuation allowance for impairment $ 0   $ 0
Fair value of servicing asset $ 16,200,000 $ 17,400,000  
Minimum      
Servicing Assets At Amortized Value [Line Items]      
Fair value of servicing assets, discount rates 4.32% 3.75%  
Fair value of servicing assets, prepayment speed 11.49% 11.00%  
Maximum      
Servicing Assets At Amortized Value [Line Items]      
Fair value of servicing assets, discount rates 12.90% 12.70%  
Fair value of servicing assets, prepayment speed 13.60% 12.90%  
v3.25.1
Servicing Assets - Schedule of Activity for Loan Servicing Assets (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Analysis of Changes in Activity    
Beginning balance $ 10,834 $ 11,741
Amortized to expense (667) (888)
Ending balance 10,848 11,405
Loans Sold with Servicing Retained    
Analysis of Changes in Activity    
Additions from loans sold with servicing retained $ 681 $ 552
v3.25.1
Deposits - Additional Information (Details) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Time Deposits [Line Items]    
Time deposits greater than $250 $ 610,783 $ 565,813
Principal Officers, Directors, and Affiliates    
Time Deposits [Line Items]    
Deposits from principal officers, directors, and their affiliates $ 15,400 $ 2,300
v3.25.1
Deposits - Schedule of Maturities of Time Deposits (Details)
$ in Thousands
Mar. 31, 2025
USD ($)
Deposits [Abstract]  
Remainder of 2025 $ 989,950
2026 261,258
2027 377
2028 362
2029 and thereafter 47
Total $ 1,251,994
v3.25.1
Borrowing Arrangements - Additional Information (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Mar. 31, 2025
Dec. 31, 2024
Financial Instruments Owned and Pledged as Collateral [Line Items]    
FHLB borrowings $ 75,000 $ 95,000
FHLB interest rate 4.22% 4.34%
FHLB advances, remaining term 1 month 6 days 2 months 12 days
Letter of credit $ 135,000 $ 100,000
Loans receivable, net 2,018,517 1,932,056
Asset Pledged as Collateral    
Financial Instruments Owned and Pledged as Collateral [Line Items]    
Loans receivable, net $ 1,460,000 $ 1,410,000
v3.25.1
Borrowing Arrangements - Schedule of Borrowings Available to the Company from Institutions (Details)
$ in Thousands
Mar. 31, 2025
USD ($)
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]  
Amount of borrowings $ 699,019
Federal Reserve Bank  
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]  
Amount of borrowings 217,563
Pacific Coast Bankers Bank  
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]  
Amount of borrowings 50,000
Zions Bank  
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]  
Amount of borrowings 25,000
First Horizon Bank  
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]  
Amount of borrowings 25,000
FHLB  
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]  
Amount of borrowings $ 381,456
v3.25.1
Income Taxes (Details) - USD ($)
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Income Tax Disclosure [Abstract]      
Income tax expense $ 2,124,000 $ 2,037,000  
Effective income tax rate 27.60% 28.00%  
Unrealized tax benefits $ 0   $ 0
v3.25.1
Commitments and Contingencies - Schedule of Distribution of Undisbursed Credit-Related Commitments (Details) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]    
Other commitment $ 317,752 $ 282,554
Standby letter of credit    
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]    
Letters of credit outstanding 23,010 21,059
Commercial letter of credit    
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]    
Letters of credit outstanding 23 49
Loan commitments    
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]    
Other commitment $ 294,719 $ 261,446
v3.25.1
Commitments and Contingencies - Schedule of Balance and Total Unfunded Commitments Related to Investment in Low Income Housing Partnerships (Details) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]    
Investments in low-income housing partnerships $ 14,694 $ 15,191
Unfunded commitments to fund investments for low-income housing partnerships $ 6,379 $ 7,622
v3.25.1
Commitments and Contingencies - Additional Information (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]    
Recognized amortization expense $ 497 $ 517
Recognized tax credits and other benefits $ 733 $ 655
v3.25.1
Stock-Based Compensation - Additional Information (Details)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
USD ($)
plan
shares
Mar. 31, 2024
USD ($)
Dec. 31, 2021
shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]      
Number of stock-based compensation plans | plan 1    
Share based compensation expense | $ $ 160 $ 319  
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 100.00%    
Number of options outstanding, granted (in shares) 0    
Shares available for future grant (in shares) 1,102,935    
Unrecognized compensation costs related to unvested restricted stock awards | $ $ 1,300    
Unrecognized compensation costs weighted average period 3 years    
v3.25.1
Stock-Based Compensation - Schedule of Changes in Non-vested Restricted Stock Awards (Details) - 2021 Plan - Restricted Stock Units - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended
Mar. 31, 2025
Dec. 31, 2024
Shares Issued    
Shares issued, non-vested beginning of period (in shares) 250,088  
Shares issued, awards granted (in shares) 38,471  
Shares issued, awards vested (in shares) (148,129)  
Shares issued, awards forfeited (in shares) (9,484)  
Shares issued, non-vested end of period (in shares) 130,946  
Weighted Average Grant Date Fair Value    
Weighted average grant date fair value, non-vested beginning of period (USD per share) $ 11.78  
Weighted average grant date fair value, awards granted (USD per share) 14.93  
Weighted average grant date fair value, awards vested (USD per share) 12.54  
Weighted average grant date fair value, awards forfeited (USD per share) 14.30  
Weighted average grant date fair value, non-vested end of period (USD per share) $ 11.15  
Aggregate intrinsic value, non-vested end of year $ 1,574 $ 3,954
v3.25.1
Stock-Based Compensation - Schedule of Information Related to Stock Option Plan (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
2021 Plan | Restricted Stock Units    
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]    
Tax benefit (provision) realized from awards vested $ 30 $ (3)
v3.25.1
Fair Value of Financial Instruments - Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Assets:    
Available-for-sale debt securities, at fair value $ 182,480 $ 185,909
Other investments:    
Mutual fund - CRA qualified 3,600 3,500
Residential mortgage-backed securities    
Assets:    
Available-for-sale debt securities, at fair value 36,398 37,076
Residential collateralized mortgage obligations    
Assets:    
Available-for-sale debt securities, at fair value 140,576 143,041
Municipal securities - tax exempt    
Assets:    
Available-for-sale debt securities, at fair value 5,506 5,792
Recurring    
Other investments:    
Mutual fund - CRA qualified 3,612 3,532
Derivative financial instruments 124 368
Liabilities:    
Derivative financial instruments 883 579
Recurring | Residential mortgage-backed securities    
Assets:    
Available-for-sale debt securities, at fair value 36,398 37,076
Recurring | Residential collateralized mortgage obligations    
Assets:    
Available-for-sale debt securities, at fair value 140,576 143,041
Recurring | Municipal securities - tax exempt    
Assets:    
Available-for-sale debt securities, at fair value 5,506 5,792
Recurring | Quoted Prices in Active Markets (Level 1)    
Other investments:    
Mutual fund - CRA qualified 3,612 3,532
Derivative financial instruments 0 0
Liabilities:    
Derivative financial instruments 0 0
Recurring | Quoted Prices in Active Markets (Level 1) | Residential mortgage-backed securities    
Assets:    
Available-for-sale debt securities, at fair value 0 0
Recurring | Quoted Prices in Active Markets (Level 1) | Residential collateralized mortgage obligations    
Assets:    
Available-for-sale debt securities, at fair value 0 0
Recurring | Quoted Prices in Active Markets (Level 1) | Municipal securities - tax exempt    
Assets:    
Available-for-sale debt securities, at fair value 0 0
Recurring | Significant Other Observable Inputs (Level 2)    
Other investments:    
Mutual fund - CRA qualified 0 0
Derivative financial instruments 124 368
Liabilities:    
Derivative financial instruments 883 579
Recurring | Significant Other Observable Inputs (Level 2) | Residential mortgage-backed securities    
Assets:    
Available-for-sale debt securities, at fair value 36,398 37,076
Recurring | Significant Other Observable Inputs (Level 2) | Residential collateralized mortgage obligations    
Assets:    
Available-for-sale debt securities, at fair value 140,576 143,041
Recurring | Significant Other Observable Inputs (Level 2) | Municipal securities - tax exempt    
Assets:    
Available-for-sale debt securities, at fair value 5,506 5,792
Recurring | Significant Unobservable Inputs (Level 3)    
Other investments:    
Mutual fund - CRA qualified 0 0
Derivative financial instruments 0 0
Liabilities:    
Derivative financial instruments 0 0
Recurring | Significant Unobservable Inputs (Level 3) | Residential mortgage-backed securities    
Assets:    
Available-for-sale debt securities, at fair value 0 0
Recurring | Significant Unobservable Inputs (Level 3) | Residential collateralized mortgage obligations    
Assets:    
Available-for-sale debt securities, at fair value 0 0
Recurring | Significant Unobservable Inputs (Level 3) | Municipal securities - tax exempt    
Assets:    
Available-for-sale debt securities, at fair value $ 0 $ 0
v3.25.1
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
Mar. 31, 2025
Dec. 31, 2024
Financing Receivable Impaired [Line Items]    
Impaired loans $ 2,083,302 $ 1,986,813
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 2,083,302 1,986,813
Nonrecurring    
Financing Receivable Impaired [Line Items]    
Impaired loans 1,615 2,362
Nonrecurring | Commercial real estate    
Financing Receivable Impaired [Line Items]    
Impaired loans 222 173
Nonrecurring | SBA—real estate    
Financing Receivable Impaired [Line Items]    
Impaired loans 1,393 952
Nonrecurring | OREO    
Financing Receivable Impaired [Line Items]    
Impaired loans   1,237
Nonrecurring | Quoted Prices in Active Markets (Level 1)    
Financing Receivable Impaired [Line Items]    
Impaired loans 0 0
Nonrecurring | Quoted Prices in Active Markets (Level 1) | Commercial real estate    
Financing Receivable Impaired [Line Items]    
Impaired loans 0 0
Nonrecurring | Quoted Prices in Active Markets (Level 1) | SBA—real estate    
Financing Receivable Impaired [Line Items]    
Impaired loans 0 0
Nonrecurring | Quoted Prices in Active Markets (Level 1) | OREO    
Financing Receivable Impaired [Line Items]    
Impaired loans   0
Nonrecurring | Significant Other Observable Inputs (Level 2)    
Financing Receivable Impaired [Line Items]    
Impaired loans 0 0
Nonrecurring | Significant Other Observable Inputs (Level 2) | Commercial real estate    
Financing Receivable Impaired [Line Items]    
Impaired loans 0 0
Nonrecurring | Significant Other Observable Inputs (Level 2) | SBA—real estate    
Financing Receivable Impaired [Line Items]    
Impaired loans 0 0
Nonrecurring | Significant Other Observable Inputs (Level 2) | OREO    
Financing Receivable Impaired [Line Items]    
Impaired loans   0
Nonrecurring | Significant Unobservable Inputs (Level 3)    
Financing Receivable Impaired [Line Items]    
Impaired loans 1,615 2,362
Nonrecurring | Significant Unobservable Inputs (Level 3) | Commercial real estate    
Financing Receivable Impaired [Line Items]    
Impaired loans 222 173
Nonrecurring | Significant Unobservable Inputs (Level 3) | SBA—real estate    
Financing Receivable Impaired [Line Items]    
Impaired loans $ 1,393 952
Nonrecurring | Significant Unobservable Inputs (Level 3) | OREO    
Financing Receivable Impaired [Line Items]    
Impaired loans   $ 1,237
v3.25.1
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) - Nonrecurring - Loans Receivable - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Financing Receivable Impaired [Line Items]    
Collateral-dependent loans: $ 323 $ 0
Commercial real estate    
Financing Receivable Impaired [Line Items]    
Collateral-dependent loans: 49 0
SBA—real estate    
Financing Receivable Impaired [Line Items]    
Collateral-dependent loans: $ 274 $ 0
v3.25.1
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
Mar. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Impaired loans $ 2,083,302 $ 1,986,813
Significant Unobservable Inputs (Level 3)    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Impaired loans 2,083,302 1,986,813
Nonrecurring    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Impaired loans 1,615 2,362
Nonrecurring | Significant Unobservable Inputs (Level 3)    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Impaired loans 1,615 2,362
Nonrecurring | Commercial real estate    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Impaired loans $ 222 $ 173
Nonrecurring | Commercial real estate | Minimum | Income approach - income capitalization | Measurement Input, Cap Rate    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Measurements Inputs 0.055 0.055
Nonrecurring | Commercial real estate | Maximum | Income approach - income capitalization | Measurement Input, Cap Rate    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Measurements Inputs 0.073 0.073
Nonrecurring | Commercial real estate | Weighted Average | Income approach - income capitalization | Measurement Input, Cap Rate    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Measurements Inputs 0.060 0.060
Nonrecurring | Commercial real estate | Significant Unobservable Inputs (Level 3)    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Impaired loans $ 222 $ 173
Nonrecurring | Commercial real estate | Significant Unobservable Inputs (Level 3) | Income approach - income capitalization | Measurement Input, Cap Rate    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Impaired loans 222 173
Nonrecurring | SBA—real estate    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Impaired loans $ 1,393 $ 952
Nonrecurring | SBA—real estate | Minimum | Income approach - income capitalization | Measurement Input, Cap Rate    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Measurements Inputs 0.055 0.055
Nonrecurring | SBA—real estate | Minimum | Sales comparison approach | Measurement Input, Cap Rate    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Measurements Inputs 0.000  
Nonrecurring | SBA—real estate | Minimum | Cost approach | Measurement Input, Cap Rate    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Measurements Inputs 0.000  
Nonrecurring | SBA—real estate | Maximum | Income approach - income capitalization | Measurement Input, Cap Rate    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Measurements Inputs 0.090 0.073
Nonrecurring | SBA—real estate | Maximum | Sales comparison approach | Measurement Input, Cap Rate    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Measurements Inputs 0.350  
Nonrecurring | SBA—real estate | Maximum | Cost approach | Measurement Input, Cap Rate    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Measurements Inputs 0.360  
Nonrecurring | SBA—real estate | Weighted Average | Income approach - income capitalization | Measurement Input, Cap Rate    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Measurements Inputs 0.067 0.104
Nonrecurring | SBA—real estate | Weighted Average | Sales comparison approach | Measurement Input, Cap Rate    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Measurements Inputs 0.047  
Nonrecurring | SBA—real estate | Weighted Average | Cost approach | Measurement Input, Cap Rate    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Measurements Inputs 0.262  
Nonrecurring | SBA—real estate | Significant Unobservable Inputs (Level 3)    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Impaired loans $ 1,393 $ 952
Nonrecurring | SBA—real estate | Significant Unobservable Inputs (Level 3) | Income approach - income capitalization | Measurement Input, Cap Rate    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Impaired loans 948 539
Nonrecurring | SBA—real estate | Significant Unobservable Inputs (Level 3) | Sales comparison approach | Measurement Input, Cap Rate    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Impaired loans 278 413
Nonrecurring | SBA—real estate | Significant Unobservable Inputs (Level 3) | Cost approach | Measurement Input, Cap Rate    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Impaired loans $ 167  
Nonrecurring | OREO    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Impaired loans   $ 1,237
Nonrecurring | OREO | Minimum | Sales comparison approach | Measurement Input, Cap Rate    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Measurements Inputs   (0.037)
Nonrecurring | OREO | Maximum | Sales comparison approach | Measurement Input, Cap Rate    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Measurements Inputs   0.022
Nonrecurring | OREO | Weighted Average | Sales comparison approach | Measurement Input, Cap Rate    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Measurements Inputs   (0.005)
Nonrecurring | OREO | Significant Unobservable Inputs (Level 3)    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Impaired loans   $ 1,237
Nonrecurring | OREO | Significant Unobservable Inputs (Level 3) | Sales comparison approach | Measurement Input, Cap Rate    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Impaired loans   $ 1,237
v3.25.1
Fair Value of Financial Instruments - Schedule of Carrying Amounts and Estimated Fair Values of Financial Instruments (Details) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Financial assets:    
Cash and cash equivalents $ 198,861 $ 134,943
Loans held for sale 4,916  
Loans receivable, net 2,083,302 1,986,813
Accrued interest receivable, net 9,871 9,188
Other investments:    
Time deposits placed 100 100
Financial liabilities:    
Deposits 2,191,005 2,026,092
FHLB advances 74,998 94,986
Accrued interest payable 14,994 16,067
Carrying Amount    
Financial assets:    
Cash and cash equivalents 198,861 134,943
Loans held for sale 4,555  
Loans receivable, net 2,018,517 1,932,056
Accrued interest receivable, net 9,871 9,188
Other investments:    
FHLB and PCBB stock 12,805 12,805
Time deposits placed 100 100
Financial liabilities:    
Deposits 2,189,871 2,027,285
FHLB advances 75,000 95,000
Accrued interest payable 14,994 16,067
Level 1    
Financial assets:    
Cash and cash equivalents 198,861 134,943
Loans held for sale 0  
Loans receivable, net 0 0
Accrued interest receivable, net 471 181
Other investments:    
Time deposits placed 0 0
Financial liabilities:    
Deposits 0 0
FHLB advances 0 0
Accrued interest payable 0 0
Level 2    
Financial assets:    
Cash and cash equivalents 0 0
Loans held for sale 4,916  
Loans receivable, net 0 0
Accrued interest receivable, net 814 888
Other investments:    
Time deposits placed 100 100
Financial liabilities:    
Deposits 2,191,005 2,026,092
FHLB advances 74,998 94,986
Accrued interest payable 14,994 16,067
Level 3    
Financial assets:    
Cash and cash equivalents 0 0
Loans held for sale 0  
Loans receivable, net 2,083,302 1,986,813
Accrued interest receivable, net 8,586 8,119
Other investments:    
Time deposits placed 0 0
Financial liabilities:    
Deposits 0 0
FHLB advances 0 0
Accrued interest payable $ 0 $ 0
v3.25.1
Derivative Financial Instruments - Narrative (Details)
$ in Thousands
Mar. 31, 2025
USD ($)
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Reduction to interest expense $ 200
v3.25.1
Derivative Financial Instruments - Schedule of Derivative Financial Instruments (Details) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Derivatives, Fair Value [Line Items]    
Derivative Assets $ 124 $ 368
Derivative Liabilities 883 579
Derivatives designated as hedging instruments:    
Derivatives, Fair Value [Line Items]    
Derivative Assets 124 368
Derivative Liabilities 883 579
Interest rate products | Derivatives designated as hedging instruments:    
Derivatives, Fair Value [Line Items]    
Derivative Assets, Notional Amount 25,000 25,000
Derivative Liabilities, Notional Amount 50,000 50,000
Interest rate products | Derivatives designated as hedging instruments: | Other assets    
Derivatives, Fair Value [Line Items]    
Derivative Assets 124 368
Interest rate products | Derivatives designated as hedging instruments: | Other liabilities    
Derivatives, Fair Value [Line Items]    
Derivative Liabilities $ 883 $ 579
v3.25.1
Derivative Financial Instruments - Schedule of Cash Flow Hedge Accounting on Accumulated OCI (Details) - Derivatives designated as hedging instruments:
$ in Thousands
 3 Months Ended
Mar. 31, 2025
USD ($)
Derivatives, Fair Value [Line Items]  
Amount of Gain (Loss) Recognized in OCI $ (482)
Amount of Gain (Loss) Recognized in OCI Excluded Component 0
Amount of loss reclassified from accumulated OCI into income 31
Interest Rate Swap  
Derivatives, Fair Value [Line Items]  
Amount of Gain (Loss) Recognized in OCI (482)
Amount of Gain (Loss) Recognized in OCI Excluded Component 0
Amount of loss reclassified from accumulated OCI into income $ 31
v3.25.1
Derivative Financial Instruments - Schedule of Derivative Instruments, Effect on Statement of Income (Details) - Interest Expense
$ in Thousands
 3 Months Ended
Mar. 31, 2025
USD ($)
Derivative [Line Items]  
Total amounts of income and expense line items presented in the statement of financial performance in which the effects of fair value or cash flow hedges are recorded $ 31
Interest Rate Swap  
Derivative [Line Items]  
Amount of loss reclassified from accumulated OCI into income 31
Amount of gain (loss) reclassified from accumulated OCI into income as a result that a forecasted transaction is no longer probable of occurring $ 0
v3.25.1
Derivative Financial Instruments - Offsetting Assets and Liabilities (Details) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Offsetting Derivative Assets    
Derivative, Gross Amounts of Recognized Assets $ 124 $ 368
Derivative , Gross Amounts Offset in the Balance Sheet 0 0
Derivative, Net Amounts of Assets presented in the Balance Sheet 124 368
Derivative, Gross Amounts Not Offset in the Balance Sheet, Financial Instruments 0 0
Derivative, Gross Amounts Not Offset in the Balance Sheet, Cash Collateral Received 124 368
Derivative, Gross Amounts Not Offset in the Balance Sheet, Net Amount 0 0
Offsetting of Derivative Liabilities    
Derivative Liability, Gross Amounts of Recognized Assets 883 579
Derivative Liability, Gross Amounts Offset in the Balance Sheet 0 0
Derivative Liability, Net Amounts of Assets presented in the Balance Sheet 883 579
Derivative Liability, Gross Amounts Not Offset in the Balance Sheet, Financial Instruments 0 0
Derivative Liability, Gross Amounts Not Offset in the Balance Sheet, Cash Collateral Posted 883 579
Derivative Liability, Gross Amounts Not Offset in the Balance Sheet, Net Amount $ 0 $ 0
v3.25.1
Regulatory Capital Matters - Additional Information (Details)
Mar. 31, 2025
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]  
Capital conservation buffer 2.50%
v3.25.1
Regulatory Capital Matters - Schedule of Actual and Required Capital Amounts and Ratios, Exclusive of Capital Conservation Buffer (Details)
$ in Thousands
Mar. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]    
Total capital (to risk-weighted assets), actual amount $ 248,393 $ 244,659
Tier 1 capital (to risk-weighted assets), actual amount 223,210 220,390
Common equity Tier 1 capital (to risk-weighted assets), actual amount 223,210 220,390
Tier 1 capital (to average assets), actual amount $ 223,210 $ 220,390
Total capital (to risk-weighted assets), actual ratio 0.1233 0.1260
Tier 1 capital (to risk-weighted assets), actual ratio 0.1108 0.1135
Common equity Tier 1 capital (to risk-weighted assets), actual ratio 0.1108 0.1135
Tier 1 capital (to average assets), actual ratio 0.0922 0.0927
Bank    
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]    
Total capital (to risk-weighted assets), actual amount $ 246,883 $ 242,966
Tier 1 capital (to risk-weighted assets), actual amount 221,678 218,675
Common equity Tier 1 capital (to risk-weighted assets), actual amount 221,678 218,675
Tier 1 capital (to average assets), actual amount $ 221,678 $ 218,675
Total capital (to risk-weighted assets), actual ratio 0.1224 0.1250
Tier 1 capital (to risk-weighted assets), actual ratio 0.1099 0.1125
Common equity Tier 1 capital (to risk-weighted assets), actual ratio 0.1099 0.1125
Tier 1 capital (to average assets), actual ratio 0.0915 0.0920
Total capital (to risk-weighted assets), amount, required for capital adequacy purposes $ 161,313 $ 155,463
Tier 1 capital (to risk-weighted assets), amount, required for capital adequacy purposes 120,985 116,597
Common equity Tier 1 capital (to risk-weighted assets), amount, required for capital adequacy purposes 90,738 87,448
Tier 1 capital (to average assets), amount, required for capital adequacy purposes $ 96,874 $ 95,055
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" $ 201,641 $ 194,328
Tier 1 capital (to risk-weighted assets), amount, minimum to be considered "Well Capitalized" 161,313 155,463
Common equity Tier 1 capital (to risk-weighted assets), amount, minimum to be considered "Well Capitalized" 131,067 126,313
Tier 1 capital (to average assets), amount, minimum to be considered "Well Capitalized" $ 121,093 $ 118,819
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
v3.25.1
Earnings Per Share - Schedule of Computation of Basic and Diluted Earnings Per Share (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Basic    
Net income $ 5,560 $ 5,226
Distributed and undistributed earnings allocated to participating securities (74) (98)
Net income allocated to common shares $ 5,486 $ 5,128
Weighted average common shares outstanding (in shares) 14,857,234 14,991,835
Basic earnings per common share (USD per share) $ 0.37 $ 0.34
Diluted    
Net income allocated to common shares $ 5,486 $ 5,128
Weighted average common shares outstanding for basic earnings per common share (in shares) 14,857,234 14,991,835
Add: Dilutive effects of assumed exercises of stock options 0 0
Average shares and dilutive potential common shares (in shares) 14,857,234 14,991,835
Diluted earnings per common share (USD per share) $ 0.37 $ 0.34
v3.25.1
Earnings Per Share - Additional Information (Details) - shares
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Earnings Per Share [Abstract]    
Antidilutive shares of common stock excluded from computation of earnings per share (in shares) 0 0