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Business Combinations (Tables) | 12 Months Ended
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Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] |
Schedule of Business Combinations | The following table summarizes the consideration paid for Community West Bank and the amounts of assets acquired and liabilities assumed that were recorded at the acquisition date (in thousands):
|  | Community West |
|  | April 1, 2024 |
Fair value of consideration transferred: |  |  |
Fair value of shares issued |  | $ | 139,970 |  |
Cash consideration |  | 2 |  |
Fair value of options assumed |  | 3,742 |  |
Total merger consideration |  | $ | 143,714 |  |
Assets acquired: |  |  |
Cash and cash equivalents |  | $ | 58,523 |  |
Securities available-for-sale |  | 846 |  |
Loans and leases |  | 920,097 |  |
Premises and equipment |  | 7,608 |  |
Cash value of life insurance |  | 8,971 |  |
Other assets |  | 44,894 |  |
Total assets acquired |  | 1,040,939 |  |
Liabilities assumed: |  |  |
Deposits |  | (844,035) |  |
Borrowings |  | (85,638) |  |
Other liabilities |  | (10,603) |  |
Total liabilities assumed |  | (940,276) |  |
Total net assets acquired |  | 100,663 |  |
Goodwill created from transaction |  | $ | 43,051 |  |
The following table presents the fair value and gross contractual amounts receivable of acquired non-credit deteriorated loans from the recent acquisition on April 1, 2024, and their respective expected contractual cash flows as of the acquisition date:
|  | Community West |
|  | April 1, 2024 |
Fair value |  | $ | 892,090 |  |
Gross contractual amounts receivable |  | 1,124,200 |  |
Estimate of contractual cash flows not expected to be collected (1) |  | 13,375 |  |
Estimate of contractual cash flows expected to be collected |  | 1,110,825 |  |
(1) Includes interest payments not expected to be collected due to loan prepayments as well as principal and interest payments not expected to be collected due to customer default. |

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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 + Details
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