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Securities (Tables) | 3 Months Ended
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Mar. 31, 2023
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, 2023 and December 31, 2022:
|  | March 31, 2023
($ in thousands) |  | Amortized Cost |  | Gross Unrealized Gain |  | Gross Unrealized Loss |  | Fair Value
U.S. Government agencies or sponsored agency securities: |  |  |  |  |  |  |  |
Residential mortgage-backed securities |  | $ | 53,503 |  |  | $ | — |  |  | $ | (4,788) |  |  | $ | 48,715 |
Residential collateralized mortgage obligations |  | 175,840 |  |  | 229 |  |  | (17,880) |  |  | 158,189 |
Municipal securities-tax exempt |  | 5,653 |  |  | 210 |  |  | — |  |  | 5,863 |
Total AFS debt securities |  | $ | 234,996 |  |  | $ | 439 |  |  | $ | (22,668) |  |  | $ | 212,767 |
|  | December 31, 2022
($ in thousands) |  | Amortized Cost |  | Gross Unrealized Gain |  | Gross Unrealized Loss |  | Fair Value
U.S. Government agencies or sponsored agency securities: |  |  |  |  |  |  |  |
Residential mortgage-backed securities |  | $ | 55,189 |  |  | $ | — |  |  | $ | (5,425) |  |  | $ | 49,764 |
Residential collateralized mortgage obligations |  | 179,953 |  |  | 1 |  |  | (19,909) |  |  | 160,045 |
Total AFS debt securities |  | $ | 235,142 |  |  | $ | 1 |  |  | $ | (25,334) |  |  | $ | 209,809 |
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, 2023, by contractual maturity, are shown below:
($ in thousands) |  | Amortized Cost |  | Fair Value
After one year through five years |  | $ | 1,467 |  |  | $ | 1,411 |
After five years through ten years |  | 4,503 |  |  | 4,120 |
After ten years |  | 229,026 |  |  | 207,236 |
Total AFS debt securities |  | $ | 234,996 |  |  | $ | 212,767 |
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, 2023 and December 31, 2022:
|  | March 31, 2023
|  | Less Than 12 Months |  | 12 Months or Longer |  | Total
($ 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 |  | $ | 15,913 |  |  | $ | (493) |  |  | $ | 32,802 |  |  | $ | (4,295) |  |  | $ | 48,715 |  |  | $ | (4,788) |
Residential collateralized mortgage obligations |  | 37,944 |  |  | (722) |  |  | 92,180 |  |  | (17,158) |  |  | 130,124 |  |  | (17,880) |
Total AFS debt securities |  | $ | 53,857 |  |  | $ | (1,215) |  |  | $ | 124,982 |  |  | $ | (21,453) |  |  | $ | 178,839 |  |  | $ | (22,668) |
|  | December 31, 2022
|  | Less Than 12 Months |  | 12 Months or Longer |  | Total
($ 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 |  | $ | 26,347 |  |  | $ | (1,485) |  |  | $ | 23,417 |  |  | $ | (3,940) |  |  | $ | 49,764 |  |  | $ | (5,425) |
Residential collateralized mortgage obligations |  | 81,320 |  |  | (3,888) |  |  | 71,604 |  |  | (16,021) |  |  | 152,924 |  |  | (19,909) |
Total AFS debt securities |  | $ | 107,667 |  |  | $ | (5,373) |  |  | $ | 95,021 |  |  | $ | (19,961) |  |  | $ | 202,688 |  |  | $ | (25,334) |
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, 2023 and December 31, 2022:
($ in thousands) |  | March 31, 2023 |  | December 31, 2022
FHLB stock |  | $ | 8,483 |  |  | $ | 8,483 |
Pacific Coast Bankers Bank ("PCBB") stock |  | 190 |  |  | 190 |
Mutual fund - Community Reinvestment Act ("CRA") qualified |  | 3,404 |  |  | 3,330 |
Time deposits placed in other banks |  | 95 |  |  | 95 |
Total other investments |  | $ | 12,172 |  |  | $ | 12,098 |

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