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Securities (Tables) | 6 Months Ended
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Jun. 30, 2024
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 June 30, 2024 and December 31, 2023:
|  | June 30, 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 |  | $ | 45,037 |  |  | $ | — |  |  | $ | (4,841) |  |  | $ | 40,196 |
Residential collateralized mortgage obligations |  | 172,354 |  |  | 241 |  |  | (19,389) |  |  | 153,206 |
Municipal securities - tax exempt |  | 5,777 |  |  | 110 |  |  | (84) |  |  | 5,803 |
Total AFS debt securities |  | $ | 223,168 |  |  | $ | 351 |  |  | $ | (24,314) |  |  | $ | 199,205 |
|  | December 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 |  | $ | 48,318 |  |  | $ | — |  |  | $ | (4,441) |  |  | $ | 43,877 |
Residential collateralized mortgage obligations |  | 162,142 |  |  | 67 |  |  | (17,750) |  |  | 144,459 |
Municipal securities - tax exempt |  | 5,726 |  |  | 189 |  |  | (1) |  |  | 5,914 |
Total AFS debt securities |  | $ | 216,186 |  |  | $ | 256 |  |  | $ | (22,192) |  |  | $ | 194,250 |
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 June 30, 2024, by contractual maturity, are shown below:
($ in thousands) |  | Amortized Cost |  | Fair Value
After one year through five years |  | $ | 1,145 |  |  | $ | 1,098 |
After five years through ten years |  | 2,807 |  |  | 2,556 |
After ten years |  | 219,216 |  |  | 195,551 |
Total AFS debt securities |  | $ | 223,168 |  |  | $ | 199,205 |
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 June 30, 2024 and December 31, 2023:
|  | June 30, 2024
|  | 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 |  | $ | — |  |  | $ | — |  |  | $ | 40,196 |  |  | $ | (4,841) |  |  | $ | 40,196 |  |  | $ | (4,841) |
Residential collateralized mortgage obligations |  | 12,024 |  |  | (148) |  |  | 122,231 |  |  | (19,241) |  |  | 134,255 |  |  | (19,389) |
Municipal securities - tax exempt |  | 834 |  |  | (40) |  |  | 1,799 |  |  | (44) |  |  | 2,633 |  |  | (84) |
Total AFS debt securities |  | $ | 12,858 |  |  | $ | (188) |  |  | $ | 164,226 |  |  | $ | (24,126) |  |  | $ | 177,084 |  |  | $ | (24,314) |
|  | December 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 |  | $ | 6,488 |  |  | $ | (59) |  |  | $ | 37,389 |  |  | $ | (4,382) |  |  | $ | 43,877 |  |  | $ | (4,441) |
Residential collateralized mortgage obligations |  | 25,439 |  |  | (177) |  |  | 105,963 |  |  | (17,573) |  |  | 131,402 |  |  | (17,750) |
Municipal securities - tax exempt |  | 1,842 |  |  | (1) |  |  | — |  |  | — |  |  | 1,842 |  |  | (1) |
Total AFS debt securities |  | $ | 33,769 |  |  | $ | (237) |  |  | $ | 143,352 |  |  | $ | (21,955) |  |  | $ | 177,121 |  |  | $ | (22,192) |
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 June 30, 2024 and December 31, 2023:
($ in thousands) |  | June 30, 2024 |  | December 31, 2023
FHLB stock |  | $ | 12,615 |  |  | $ | 12,528 |
Pacific Coast Bankers Bank ("PCBB") stock |  | 190 |  |  | 190 |
Mutual fund - Community Reinvestment Act ("CRA") qualified |  | 3,462 |  |  | 3,463 |
Time deposits placed in other banks |  | 100 |  |  | 95 |
Total other investments |  | $ | 16,367 |  |  | $ | 16,276 |

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