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Loans and Allowance for Loan Losses (Tables) | 12 Months Ended
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Dec. 31, 2021
Receivables [Abstract] |
Composition of Loan Portfolio | The following table presents the composition of the loan portfolio as of December 31, 2021 and 2020:
($ in thousands) |  | December 31, 2021 |  | December 31, 2020
Commercial real estate |  | $ | 701,450 |  |  | $ | 651,684 |
SBA loans—real estate |  | 220,099 |  |  | 136,224 |
SBA loans—non-real estate (1) |  | 55,759 |  |  | 75,151 |
Commercial and industrial ("C&I") |  | 162,543 |  |  | 107,307 |
Home mortgage |  | 173,303 |  |  | 128,212 |
Consumer |  | 865 |  |  | 1,158 |
Gross loans receivable |  | 1,314,019 |  |  | 1,099,736 |
Allowance for loan losses |  | (16,123) |  |  | (15,352) |
Loans receivable, net (2) |  | $ | 1,297,896 |  |  | $ | 1,084,384 |
(1)As of December 31, 2021 and 2020, SBA loans - non-real estate balances include SBA Paycheck Protection Program ("PPP") loans of $40.6 million and $64.9 million, respectively. (2)Includes net deferred loan fees or costs, unamortized premiums and unaccreted discounts of $(7.0) million and $(5.9) million as of December 31, 2021 and 2020, respectively.
Schedule of Activity in Allowance for Loan Losses by Portfolio Segment | The following table summarizes the activity in the allowance for loan losses by portfolio segment for the years ended December 31, 2021, 2020, and 2019:
($ in thousands) |  | Commercial Real Estate |  | SBA Loans— Real Estate |  | SBA Loan s—Non- Real Estate |  | C&I |  | Home Mortgage |  | Consumer |  | Total
Balance at January 1, 2019 |  | $ | 4,805 |  |  | $ | 894 |  |  | $ | 505 |  |  | $ | 1,746 |  |  | $ | 1,653 |  |  | $ | 33 |  |  | $ | 9,636 |
Provision for (reversal of) loan losses (1) |  | 1,195 |  |  | 734 |  |  | (384) |  |  | (457) |  |  | 14 |  |  | — |  |  | 1,102 |
Charge-offs |  | — |  |  | (689) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (689) |
Recoveries |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | 1 |
Balance at December 31, 2019 |  | $ | 6,000 |  |  | $ | 939 |  |  | $ | 121 |  |  | $ | 1,289 |  |  | $ | 1,667 |  |  | $ | 34 |  |  | $ | 10,050 |
Provision for (reversal of) loan losses (1) |  | 2,505 |  |  | 863 |  |  | 174 |  |  | 1,274 |  |  | 518 |  |  | (16) |  |  | 5,318 |
Charge-offs |  | — |  |  | — |  |  | (45) |  |  | — |  |  | — |  |  | — |  |  | (45) |
Recoveries |  | — |  |  | — |  |  | 28 |  |  | — |  |  | — |  |  | 1 |  |  | 29 |
Balance at December 31, 2020 |  | $ | 8,505 |  |  | $ | 1,802 |  |  | $ | 278 |  |  | $ | 2,563 |  |  | $ | 2,185 |  |  | $ | 19 |  |  | $ | 15,352 |
(Reversal of) provision for loan losses (1) |  | (355) |  |  | 279 |  |  | 54 |  |  | 285 |  |  | 706 |  |  | (10) |  |  | 959 |
Charge-offs |  | — |  |  | (59) |  |  | (136) |  |  | — |  |  | — |  |  | — |  |  | (195) |
Recoveries |  | — |  |  | — |  |  | 3 |  |  | — |  |  | — |  |  | 4 |  |  | 7 |
Balance at December 31, 2021 |  | $ | 8,150 |  |  | $ | 2,022 |  |  | $ | 199 |  |  | $ | 2,848 |  |  | $ | 2,891 |  |  | $ | 13 |  |  | $ | 16,123 |
(1)Excludes provision for (reversal of) uncollectible accrued interest receivable of $205 thousand and $643 thousand for the years ended December 31, 2021, and 2020, respectively. There was no provision for uncollectible accrued interest receivable for the year ended December 31, 2019. The following table presents the allowance for loan losses and recorded investment (not including accrued interest receivable) by portfolio segment and impairment methodology as of December 31, 2021 and 2020:
($ in thousands) |  | Individually Evaluated for Impairment |  | Collectively Evaluated for Impairment |  | Total
As of December 31, 2021 |  |  |  |  |  |
Allowance for loan losses (1): |  |  |  |  |  |
Commercial real estate |  | $ | — |  |  | $ | 8,150 |  |  | $ | 8,150 |
SBA loans—real estate |  | — |  |  | 2,022 |  |  | 2,022 |
SBA loans—non-real estate |  | — |  |  | 199 |  |  | 199 |
C&I |  | 312 |  |  | 2,536 |  |  | 2,848 |
Home mortgage |  | — |  |  | 2,891 |  |  | 2,891 |
Consumer |  | — |  |  | 13 |  |  | 13 |
Total |  | $ | 312 |  |  | $ | 15,811 |  |  | $ | 16,123 |
Loans (2): |  |  |  |  |  |
Commercial real estate |  | $ | — |  |  | $ | 701,450 |  |  | $ | 701,450 |
SBA loans—real estate |  | 812 |  |  | 219,287 |  |  | 220,099 |
SBA loans—non-real estate |  | — |  |  | 55,759 |  |  | 55,759 |
C&I |  | 312 |  |  | 162,231 |  |  | 162,543 |
Home mortgage |  | — |  |  | 173,303 |  |  | 173,303 |
Consumer |  | — |  |  | 865 |  |  | 865 |
Total |  | $ | 1,124 |  |  | $ | 1,312,895 |  |  | $ | 1,314,019 |
As of December 31, 2020 |  |  |  |  |  |
Allowance for loan losses (1): |  |  |  |  |  |
Commercial real estate |  | $ | — |  |  | $ | 8,505 |  |  | $ | 8,505 |
SBA loans—real estate |  | — |  |  | 1,802 |  |  | 1,802 |
SBA loans—non-real estate |  | 87 |  |  | 191 |  |  | 278 |
C&I |  | 330 |  |  | 2,233 |  |  | 2,563 |
Home mortgage |  | — |  |  | 2,185 |  |  | 2,185 |
Consumer |  | — |  |  | 19 |  |  | 19 |
Total |  | $ | 417 |  |  | $ | 14,935 |  |  | $ | 15,352 |
Loans (2): |  |  |  |  |  |
Commercial real estate |  | $ | — |  |  | $ | 651,684 |  |  | $ | 651,684 |
SBA loans—real estate |  | — |  |  | 136,224 |  |  | 136,224 |
SBA loans—non-real estate |  | 174 |  |  | 74,977 |  |  | 75,151 |
C&I |  | 330 |  |  | 106,977 |  |  | 107,307 |
Home mortgage |  | — |  |  | 128,212 |  |  | 128,212 |
Consumer |  | — |  |  | 1,158 |  |  | 1,158 |
Total |  | $ | 504 |  |  | $ | 1,099,232 |  |  | $ | 1,099,736 |
(1)Excludes allowance for uncollectible accrued interest receivable of $205 thousand and $643 thousand as of December 31, 2021, and 2020, respectively. (2)Excludes accrued interest receivables of $4.4 million and $4.4 million as of December 31, 2021, and 2020, respectively.
Schedule of Impaired Loans and Specific Allowance | The following table presents the recorded investment of individually impaired loans and the specific allowance for loan losses as of December 31, 2021 and 2020:
|  | December 31, 2021 (1) |  | December 31, 2020 (1)
($ in thousands) |  | Unpaid Principal Balance |  | Recorded Investment With No Allowance |  | Recorded Investment With Allowance |  | Related Allowance |  | Unpaid Principal Balance |  | Recorded Investment With No Allowance |  | Recorded Investment With Allowance |  | Related Allowance
SBA loans—real estate |  | $ | 812 |  |  | $ | 812 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
SBA loans—non-real estate |  | — |  |  | — |  |  | — |  |  | — |  |  | 174 |  |  | — |  |  | 174 |  |  | 87 |
C&I |  | 313 |  |  | — |  |  | 313 |  |  | 313 |  |  | 330 |  |  | — |  |  | 330 |  |  | 330 |
Total |  | $ | 1,125 |  |  | $ | 812 |  |  | $ | 313 |  |  | $ | 313 |  |  | $ | 504 |  |  | $ | — |  |  | $ | 504 |  |  | $ | 417 |
(1) The difference between the unpaid principal balance (net of partial charge-offs) and the recorded investment in the loans was not considered to be material. The following table presents the average recorded investment in impaired loans and the amount of interest income recognized on impaired loans by portfolio segment for the years ended December 31, 2021, 2020, and 2019. The difference between interest income recognized and cash basis interest recognized was immaterial.
($ in thousands) |  |  |  |  | Average Recorded Investment |  | Interest Income Recognized
2021 |  |  |  |  |  |  |
SBA loans—real estate |  |  |  |  | $ | 597 |  |  | $ | — |
Commercial and industrial |  |  |  |  | 322 |  |  | — |
Total |  |  |  |  | $ | 919 |  |  | $ | — |
2020 |  |  |  |  |  |  |
SBA loans—non-real estate |  |  |  |  | $ | 182 |  |  | $ | 41 |
C&I |  |  |  |  | 331 |  |  | 14 |
Total |  |  |  |  | $ | 513 |  |  | $ | 55 |
2019 |  |  |  |  |  |  |
SBA loans—real estate |  |  |  |  | $ | 503 |  |  | $ | — |
SBA loans—non-real estate |  |  |  |  | 45 |  |  | — |
C&I |  |  |  |  | 338 |  |  | 20 |
Total |  |  |  |  | $ | 886 |  |  | $ | 20 |
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 December 31, 2021 and 2020:
($ in thousands) |  | Nonaccrual |  | 90 or More Days Past Due & Still Accruing |  | Total
As of December 31, 2021 |  |  |  |  |  |
SBA loans—real estate |  | $ | 812 |  |  | $ | — |  |  | $ | 812 |
SBA loans—non-real estate |  | 837 |  |  | 200 |  |  | 1,037 |
Commercial and industrial |  | 313 |  |  | — |  |  | 313 |
Home mortgage |  | 1,038 |  |  | — |  |  | 1,038 |
Total |  | $ | 3,000 |  |  | $ | 200 |  |  | $ | 3,200 |
As of December 31, 2020 |  |  |  |  |  |
SBA loans—real estate |  | $ | 56 |  |  | $ | — |  |  | $ | 56 |
SBA loans—non-real estate |  | 330 |  |  | — |  |  | 330 |
Home mortgage |  | 599 |  |  | — |  |  | 599 |
Total |  | $ | 985 |  |  | $ | — |  |  | $ | 985 |
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 at December 31, 2021 and 2020:
($ in thousands) |  | 30-59 Days Past Due |  | 60-89 Days Past Due |  | > 90 Days Past Due |  | Total Past Due |  | Loans Not Past Due |  | Total (1)
As of December 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 701,450 |  |  | $ | 701,450 |
SBA—real estate |  | — |  |  | — |  |  | 419 |  |  | 419 |  |  | 219,680 |  |  | 220,099 |
SBA—non-real estate |  | 76 |  |  | 336 |  |  | 881 |  |  | 1,293 |  |  | 54,466 |  |  | 55,759 |
C&I |  | — |  |  | — |  |  | — |  |  | — |  |  | 162,543 |  |  | 162,543 |
Home mortgage |  | — |  |  | — |  |  | 893 |  |  | 893 |  |  | 172,410 |  |  | 173,303 |
Consumer |  | — |  |  | — |  |  | — |  |  | — |  |  | 865 |  |  | 865 |
Total |  | $ | 76 |  |  | $ | 336 |  |  | $ | 2,193 |  |  | $ | 2,605 |  |  | $ | 1,311,414 |  |  | $ | 1,314,019 |
As of December 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 651,684 |  |  | $ | 651,684 |
SBA—real estate |  | — |  |  | — |  |  | — |  |  | — |  |  | 136,224 |  |  | 136,224 |
SBA—non-real estate |  | — |  |  | — |  |  | — |  |  | — |  |  | 75,151 |  |  | 75,151 |
C&I |  | — |  |  | — |  |  | — |  |  | — |  |  | 107,307 |  |  | 107,307 |
Home mortgage |  | — |  |  | — |  |  | 599 |  |  | 599 |  |  | 127,613 |  |  | 128,212 |
Consumer |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,158 |  |  | 1,158 |
Total |  | $ | — |  |  | $ | — |  |  | $ | 599 |  |  | $ | 599 |  |  | $ | 1,099,137 |  |  | $ | 1,099,736 |
(1)Excludes accrued interest receivables of $4.4 million and $4.4 million as of December 31, 2021, and 2020, respectively.
Schedule of Loan Deferment Status Change by Loan Type | The following table represents the loan deferment status change by loan type as of December 31, 2021:
|  | December 31, 2021
($ in thousands) |  | Total deferments under the CARES Act |  | Payment resumed or paid off |  | Remaining deferments
Loan Type |  | Number of Accounts |  | Balance |  | Number of Accounts |  | Balance |  | Number of Accounts |  | Balance
Loans, excluding home mortgage and consumer |  | 157 |  |  | $ | 220,553 |  |  | 154 |  |  | $ | 215,509 |  |  | 3 |  |  | $ | 5,044 |
Home mortgage |  | 69 |  |  | 30,205 |  |  | 69 |  |  | 30,205 |  |  | — |  |  | — |
Total |  | 226 |  |  | $ | 250,758 |  |  | 223 |  |  | $ | 245,714 |  |  | 3 |  |  | $ | 5,044 |
Schedule of Credit Risk Ratings by Portfolio Segment | As of December 31, 2021 and 2020, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows:
($ in thousands) |  | Pass |  | Special Mention |  | Substandard |  | Doubtful |  | Total (1)
As of December 31, 2021 |  |  |  |  |  |  |  |  |  |
Commercial real estate |  | $ | 701,450 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 701,450 |
SBA loans—real estate |  | 218,408 |  |  | — |  |  | 1,691 |  |  | — |  |  | 220,099 |
SBA loans—non-real estate |  | 54,762 |  |  | — |  |  | 966 |  |  | 31 |  |  | 55,759 |
C&I |  | 162,230 |  |  | — |  |  | 313 |  |  | — |  |  | 162,543 |
Home mortgage |  | 172,265 |  |  | — |  |  | 1,038 |  |  | — |  |  | 173,303 |
Consumer |  | 865 |  |  | — |  |  | — |  |  | — |  |  | 865 |
Total |  | $ | 1,309,980 |  |  | $ | — |  |  | $ | 4,008 |  |  | $ | 31 |  |  | $ | 1,314,019 |
As of December 31, 2020 |  |  |  |  |  |  |  |  |  |
Commercial real estate |  | $ | 651,684 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 651,684 |
SBA loans—real estate |  | 134,166 |  |  | 535 |  |  | 1,523 |  |  | — |  |  | 136,224 |
SBA loans—non-real estate |  | 74,953 |  |  | — |  |  | 198 |  |  | — |  |  | 75,151 |
C&I |  | 102,302 |  |  | — |  |  | 5,005 |  |  | — |  |  | 107,307 |
Home mortgage |  | 127,613 |  |  | — |  |  | 599 |  |  | — |  |  | 128,212 |
Consumer |  | 1,158 |  |  | — |  |  | — |  |  | — |  |  | 1,158 |
Total |  | $ | 1,091,876 |  |  | $ | 535 |  |  | $ | 7,325 |  |  | $ | — |  |  | $ | 1,099,736 |
(1)Excludes accrued interest receivables of $4.4 million and $4.4 million as of December 31, 2021, and 2020, respectively.

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- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=124255953&loc=SL82919230-210447 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=123577603&loc=SL6953659-111524 + Details
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