0001437749-24-007474 | 10-K | XBRL Viewer

Mortgage And Small Business Administration Loans Serviced For Others [Table Text Block]

	At December 31,
*(dollars in thousands)*	2023		2022
Loans serviced for others:
Mortgage loans	$	1,014,017	$	1,127,668
SBA loans		100,336		119,893
Commercial real estate loans		3,813		3,991
Construction loans		4,710		3,677

Servicing Asset at Amortized Cost [Table Text Block]

	*2023*						*2022*						*2021*
	*Mortgage*			*SBA*			*Mortgage*			*SBA*			*Mortgage*			*SBA*
*(dollars in thousands)*	*Loans*			*Loans*			*Loans*			*Loans*			*Loans*			*Loans*
Servicing assets:
Beginning of period	$	7,354		$	2,167		$	8,748		$	2,769		$	10,529		$	3,436
Additions		176			58			532			239			1,920			441
Disposals		(329	)		(344	)		(794	)		(478	)		(2,129	)		(646	)
Amortized to expense		(692	)		(280	)		(1,132	)		(363	)		(1,989	)		(462	)
Impairment reversal		—			—			—			—			417			—
End of period	$	6,509		$	1,601		$	7,354		$	2,167		$	8,748		$	2,769

Note 12 - Income Taxes - Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Federal	$ 10,804	$ 18,315	$ 16,037
State	6,761	10,952	9,087
Total Current	17,565	29,267	25,124
Federal	(288)	(1,756)	(1,148)
State	504	(493)	55
Total Deferred	216	(2,249)	(1,093)
Total income tax expense	$ 17,781	$ 27,018	$ 24,031

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

Note 6 - Loan Servicing (Details Textual)	12 Months Ended
Note 6 - Loan Servicing (Details Textual)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Loan Servicing Fees Net of Amortization	$ 2,576,000	$ 2,209,000	$ 684,000
Servicing Asset, Custodial Balance	6,400,000	7,000,000
Servicing Asset at Amortized Cost, Recovery on Impairments			$ 417,000
Servicing Asset	8,110,000	9,521,000
Mortgages [Member]
Servicing Asset	$ 12,100,000	$ 18,300,000
Mortgages [Member] \| Measurement Input, Discount Rate [Member]
Servicing Asset, Measurement Input	0.1123	0.111
Mortgages [Member] \| Measurement Input, Prepayment Rate [Member]
Servicing Asset, Measurement Input	0.0791	0.0773
Mortgages [Member] \| Measurement Input, Default Rate [Member]
Servicing Asset, Measurement Input	0.001	0.001
Small Business Administration Loans [Member]
Servicing Asset	$ 2,800,000	$ 3,500,000
Small Business Administration Loans [Member] \| Measurement Input, Discount Rate [Member]
Servicing Asset, Measurement Input	0.085	0.085
Small Business Administration Loans [Member] \| Measurement Input, Prepayment Rate [Member]
Servicing Asset, Measurement Input	0.1768	0.1679
Small Business Administration Loans [Member] \| Measurement Input, Default Rate [Member]
Servicing Asset, Measurement Input	0.0073	0.0037

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Net income	$ 42,465	$ 64,327	$ 56,906
Other comprehensive income/(loss):
Unrealized gains/(losses) on securities available for sale	3,149	(28,905)	(3,957)
Related income tax effect	(996)	8,896	1,172
Total other comprehensive income/(loss)	2,153	(20,009)	(2,785)
Total comprehensive income	$ 44,618	$ 44,318	$ 54,121

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners.

Amount after tax and reclassification adjustments of other comprehensive income (loss).

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The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

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Note 6 - Loan Servicing

12 Months Ended

Dec. 31, 2023

Loan Servicing [Text Block]

NOTE 6 - LOAN SERVICING

The mortgage loans and SBA loans being serviced for others are not reported as assets in the Company’s consolidated balance sheet. The principal balances of the loans serviced for others are as follows for the dates indicated:

	At December 31,
*(dollars in thousands)*	2023		2022
Loans serviced for others:
Mortgage loans	$	1,014,017	$	1,127,668
SBA loans		100,336		119,893
Commercial real estate loans		3,813		3,991
Construction loans		4,710		3,677

Loan servicing fees, net of amortization, totaled $2.6 million, $2.2 million and $684,000 for the years ended December 31, 2023, 2022 and 2021. Custodial balances maintained in connection with the foregoing loan servicing (including in non-interest bearing deposits) totaled $6.4 million and $7.0 million as of December 31, 2023 and 2022.

When mortgage and SBA loans are sold with servicing retained, servicing rights are initially recorded at fair value with the income statement effect recorded in gains on sale of loans. Fair value is based on a valuation model that calculates the present value of estimated future net servicing income. All classes of servicing assets are subsequently measured using the amortization method which requires servicing rights to be amortized into noninterest income in proportion to, and over the period of, the estimated future net servicing income of the underlying loans.

Servicing rights are evaluated for impairment based upon the fair value of the rights as compared to carrying amount. Impairment is recognized through a valuation allowance for an individual grouping, to the extent that fair value is less than the carrying amount. If the Company later determines that all or a portion of the impairment no longer exists for a particular grouping, a reduction of the allowance may be recorded as an increase to income. During the year ended December 31, 2021, the Company reversed an impairment allowance of $417,000 on mortgage servicing rights, which is included in other income.

The following table presents the activity in serving assets for the years ended December 31, 2023, 2022, and 2021:

	*2023*						*2022*						*2021*
	*Mortgage*			*SBA*			*Mortgage*			*SBA*			*Mortgage*			*SBA*
*(dollars in thousands)*	*Loans*			*Loans*			*Loans*			*Loans*			*Loans*			*Loans*
Servicing assets:
Beginning of period	$	7,354		$	2,167		$	8,748		$	2,769		$	10,529		$	3,436
Additions		176			58			532			239			1,920			441
Disposals		(329	)		(344	)		(794	)		(478	)		(2,129	)		(646	)
Amortized to expense		(692	)		(280	)		(1,132	)		(363	)		(1,989	)		(462	)
Impairment reversal		—			—			—			—			417			—
End of period	$	6,509		$	1,601		$	7,354		$	2,167		$	8,748		$	2,769

Estimates of the loan servicing asset fair value are derived through a DCF analysis. Portfolio characteristics include loan delinquency rates, age of loans, note rate and geography. The assumptions embedded in the valuation are obtained from a range of metrics utilized by active buyers in the market place. The analysis accounts for recent transactions, and supply and demand within the market.

The fair value of servicing assets for mortgage loans was $12.1 million and $18.3 million as of December 31, 2023 and 2022, respectively. Fair value at December 31, 2023 was determined using a discount rate of 11.23%, average prepayment speed of 7.91%, depending on the stratification of the specific right, and a weighted-average default rate of 0.10%. Fair value at December 31, 2022 was determined using a discount rate of 11.10%, average prepayment speed of 7.73%, depending on the stratification of the specific right, and a weighted-average default rate of 0.10%.

The fair value of servicing assets for SBA loans was $2.8 million and $3.5 million as of December 31, 2023 and 2022, respectively. Fair value at December 31, 2023 was determined using a discount rate of 8.5%, average prepayment speed of 17.68%, depending on the stratification of the specific right, and a weighted-average default rate of 0.73%. Fair value at December 31, 2022 was determined using a discount rate of 8.5% and average prepayment speed of 16.79%, depending on the stratification of the specific right and a weighted-average default rate of 0.37%.

Note 12 - Income Taxes (Details Textual) - USD ($)	12 Months Ended
Note 12 - Income Taxes (Details Textual) - USD ($)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Aug. 31, 2023	Dec. 31, 2020
Unrecognized Tax Benefits	$ 0				$ 0
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense	0	$ 0	$ 0
Domestic Tax Authority [Member]
Operating Loss Carryforwards	21,104
State and Local Jurisdiction [Member] \| California Franchise Tax Board [Member]
Operating Loss Carryforwards	$ 5,570
State and Local Jurisdiction [Member] \| New York State Division of Taxation and Finance [Member]
Income Tax Examination, Liability (Refund) Adjustment from Settlement with Taxing Authority				$ 70,000

Note 14 - Leases (Details Textual) - USD ($)	12 Months Ended
Note 14 - Leases (Details Textual) - USD ($)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Operating Lease, Expense	$ 5,700,000	$ 5,400,000	$ 5,300,000
Operating Lease, Lease Income	$ 570,000	$ 548,000	$ 479,000

Note 15 - Related Party Transactions - Loans to Principal Officers, Directors, and Their Affiliates (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Beginning balance	$ 6,869	$ 8,441
Repayments	0	(1,572)
Balance re-categorized to non-related party	(6,869)	0
Ending balance	$ 0	$ 6,869

Note 10 - Subordinated Debentures - Schedule of Subordinated Debentures (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Subordinated Debt [Member]

$ 119,147

$ 173,585

17,527

2,589

TFC Trust [Member] | Subordinated Debt [Member]

14,938

5,155

1,189

TFC Trust [Member] | Subordinated Debt [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]

$ 3,966

Tenor spread adjustment

^[1]

0.26%

Effective rate

7.30%

Debt instrument, variable rate

1.65%

FAIC Trust [Member] | Subordinated Debt [Member]

$ 7,217

842

FAIC Trust [Member] | Subordinated Debt [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]

$ 6,375

Tenor spread adjustment

^[1]

0.26%

Effective rate

7.90%

Debt instrument, variable rate

2.25%

PGBH Trust [Member] | Subordinated Debt [Member]

$ 5,155

558

PGBH Trust [Member] | Subordinated Debt [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]

$ 4,597

Tenor spread adjustment

^[1]

0.26%

Effective rate

7.75%

Debt instrument, variable rate

2.10%

[1]	Represents applicable tenor spread adjustment when the original Libor index was discontinued on June 30, 2023

Note 24 - Subsequent Events

12 Months Ended

Dec. 31, 2023

Subsequent Events [Text Block]

NOTE 24 – SUBSEQUENT EVENTS

On January 18, 2024, the Company announced the Board of Directors had declared a common stock cash dividend of $0.16 per share, payable on February 9, 2024 to common shareholders of record as of January 31, 2024.

On February 29, 2024, the Company announced the Board of Directors authorized a stock repurchase plan providing for the repurchase of up to 1 million shares of the Company’s outstanding common stock through March 31, 2026.

Note 22 - Parent Only Condensed Financial Information - Condensed Statements of Cash Flows (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Net income	$ 42,465,000	$ 64,327,000	$ 56,906,000
Provision for deferred income taxes	216,000	(2,249,000)	(1,093,000)
Net cash provided by/(used in) operating activities	51,292,000	93,812,000	202,175,000
Net cash used in investing activities	243,309,000	(260,171,000)	(504,181,000)
Issuance of subordinated notes, net of issuance costs	0	0	118,111,000
Redemption of subordinated notes	(55,000,000)	0	(50,000,000)
Dividends paid	(12,163,000)	(10,736,000)	(9,947,000)
Common stock repurchased, net of repurchased costs	(6,803,000)	(19,822,000)	(10,540,000)
Proceeds from Stock Options Exercised	295,000	5,476,000	3,475,000
Net cash (used in)/provided by financing activities	53,224,000	(444,465,000)	801,724,000
Increase/(decrease) in cash and cash equivalents	347,825,000	(610,824,000)	499,718,000
Cash and cash equivalents at beginning of period	83,548,000	694,372,000	194,654,000
Cash and cash equivalents at end of period	431,373,000	83,548,000	694,372,000
Parent Company [Member]
Net income	42,465,000	64,327,000	56,906,000
Net amortization of other	780,000	796,000	724,000
Provision for deferred income taxes	(72,000)	(57,000)	(337,000)
Distributed income in excess of earnings/(undistributed income) of subsidiaries	34,282,000	(72,397,000)	(39,168,000)
Change in other assets and liabilities	113,000	216,000	1,645,000
Net cash provided by/(used in) operating activities	77,568,000	(7,115,000)	19,770,000
Purchase of other equity securities, net	(490,000)	(1,663,000)	(380,000)
Net cash used in investing activities	(490,000)	(1,663,000)	(380,000)
Issuance of subordinated notes, net of issuance costs	0	0	118,111,000
Redemption of subordinated notes	(55,000,000)	0	(50,000,000)
Dividends paid	(12,163,000)	(10,736,000)	(9,947,000)
Common stock repurchased, net of repurchased costs	(6,803,000)	(19,822,000)	(10,540,000)
Proceeds from Stock Options Exercised	295,000	5,476,000	3,475,000
Net cash (used in)/provided by financing activities	(73,671,000)	(25,082,000)	51,099,000
Increase/(decrease) in cash and cash equivalents	3,407,000	(33,860,000)	70,489,000
Cash and cash equivalents at beginning of period	43,718,000	77,578,000	7,089,000
Cash and cash equivalents at end of period	$ 47,125,000	$ 43,718,000	$ 77,578,000

Note 14 - Leases - Future Minimum Rent Payments (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
2024, future minimum lease payments	$ 4,728
2025, future minimum lease payments	5,109
2026, future minimum lease payments	5,121
2027, future minimum lease payments	4,998
2028, future minimum lease payments	4,052
Thereafter, future minimum lease payments	10,699
Total	34,707
Less amount of payment representing interest	(3,516)
Total present value of lease payments	$ 31,191	$ 26,523

Note 3 - Acquisitions (Details Textual) - USD ($)	Jan. 14, 2022	Jan. 04, 2022	Dec. 31, 2023	Dec. 31, 2022
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets, Total	$ 8,495,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	312,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Assets	52,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities, Total	81,790,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Liabilities	81,700,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Liabilities	88,000
Payments to Acquire Businesses, Net of Cash Acquired, Total	(71,040,000)
Goodwill			$ 71,498,000	$ 71,498,000
Acquisition of the Honolulu, Hawaii Branch Office of the Bank of the Orient [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets, Total	8,500,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	312,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Selected Performing Loans	7,400,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	729,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Assets	64,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities, Total	81,800,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Liabilities	81,700,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Certificate of Deposit Premium	27,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Liabilities	90,000
Payments to Acquire Businesses, Net of Cash Acquired, Total		$ (71,000,000)
Goodwill	2,300,000
Acquisition of the Honolulu, Hawaii Branch Office of the Bank of the Orient [Member] \| Financial Asset Acquired with Credit Deterioration [Member]
Business Combination, Acquired Receivable, Fair Value	0
Acquisition of the Honolulu, Hawaii Branch Office of the Bank of the Orient [Member] \| Core Deposits [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	$ 729,000

Note 13 - Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of Fair Value, off-Balance-Sheet Risks [Table Text Block]

	*2023*				*2022*
	*Fixed*		*Variable*		*Fixed*		*Variable*
*(dollars in thousands)*	*Rate*		*Rate*		*Rate*		*Rate*
Commitments to make loans	$	614	$	77,230	$	1,141	$	128,680
Unused lines of credit		10,629		95,686		13,730		197,314
Commercial and similar letters of credit		90		3,814		1,154		867
Standby letters of credit		1,626		1,061		1,577		1,061
Total	$	12,959	$	177,791	$	17,602	$	327,922

Note 19 - Earnings Per Share ("EPS") (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

	*2023*			*2022*				*2021*
*(dollars in thousands except shares and per share data)*		*Income*	*Shares*		*Income*		*Shares*		*Income*		*Shares*
Net income as reported	$	42,465		$	64,327			$	56,906
Less: Earnings allocated to participating securities		—			(34	)			(192	)
Shares outstanding			18,609,179				18,965,776				19,455,544
Impact of weighting shares			356,167				133,733				(31,995	)
Used in basic EPS		42,465	18,965,346		64,293		19,099,509		56,714		19,423,549
Dilutive effect of outstanding
Stock options			15,322				211,477				410,757
Restricted Stock Unit			4,565				21,653				—
Used in dilutive EPS	$	42,465	18,985,233	$	64,293		19,332,639	$	56,714		19,834,306

Basic earnings per common share	$	2.24		$	3.37			$	2.92
Diluted earnings per common share		2.24			3.33				2.86

Note 13 - Commitments and Contingencies (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Off-Balance-Sheet, Credit Loss, Liability	$ 640,000	$ 1,200,000
Off-Balance-Sheet, Credit Loss, Liability, Credit Loss Expense (Reversal)	516,000	1,100,000
Affordable Housing Partnerships and SBIC Funds [Member]
Other Commitment	$ 3,300,000	$ 3,500,000

Note 18 - Fair Value Measurements and Fair Value of Financial Instruments - Schedule of Significant Financial Instruments (Details) - USD ($)
$ in Thousands

Dec. 31, 2023

Dec. 31, 2022

Investment securities - AFS

$ 318,961

$ 256,830

Investment securities - HTM

5,097

5,563

Fair Value, Inputs, Level 1 [Member] | Reported Value Measurement [Member]

Cash and due from banks

431,373

83,548

Interest-earning deposits in other financial institutions

600

Mortgage loans held for sale

1,911

Accrued interest receivable (1)

^[1]

13,743

14,536

Accrued interest payable

11,671

3,711

Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member]

Cash and due from banks

431,373

83,548

Interest-earning deposits in other financial institutions

600

Mortgage loans held for sale

1,845

Accrued interest receivable (1)

^[1]

13,743

14,536

Accrued interest payable

11,671

3,711

Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member]

Investment securities - AFS

318,961

256,830

Investment securities - HTM

5,209

5,729

Servicing assets

8,110

9,521

Deposits

3,174,760

2,977,683

FHLB advances

150,000

220,000

Long-term debt

119,147

173,585

Subordinated debentures

14,938

14,720

Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member]

Investment securities - AFS

318,961

256,830

Investment securities - HTM

5,097

5,563

Servicing assets

14,883

21,712

Deposits

3,181,495

2,960,529

FHLB advances

144,891

210,470

Long-term debt

83,864

132,709

Subordinated debentures

14,566

14,195

Fair Value, Inputs, Level 3 [Member] | Interest Rate Lock Contracts [Member]

Derivative assets, notional amount

1,255

Derivative assets

Fair Value, Inputs, Level 3 [Member] | Forward Mortgage Loan Sale Contracts [Member]

Derivative assets, notional amount

1,104

1,179

Derivative assets

^[1]

Fair Value, Inputs, Level 3 [Member] | Reported Value Measurement [Member]

Loans, net

2,989,958

3,295,373

Equity securities (1)

^[1]

22,251

22,238

Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member]

Loans, net

2,918,296

3,251,464

Equity securities (1)

^[1]

$ 22,251

$ 22,238

[1]	Included in “Accrued interest and other assets” on the consolidated balance sheets.

Note 2 - Basis of Presentation and Summary of Significant Accounting Policies - Changes in CDI (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Amortization of intangible assets	$ 2,568	$ 3,853	$ 6,347
Core Deposits [Member]
Balance, intangible	10,459	9,730	9,730
Acquired from acquisitions	0	729	0
Balance, intangible	10,459	10,459	9,730
Balance, accumulated amortization	6,741	5,655	4,534
Amortization of intangible assets	923	1,086	1,121
Balance, accumulated amortization	7,664	6,741	5,655
Total	$ 2,795	$ 3,718	$ 4,075

Note 14 - Leases - Operating Lease (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
ROU assets	$ 29,803	$ 25,447
Total present value of lease payments	$ 31,191	$ 26,523
Weighted-average remaining lease term (in years) (Year)	7 years 7 months 17 days	7 years 10 months 28 days
Weighted-average discount rate	1.72%	2.19%

Note 6 - Loan Servicing - Schedule of Principal Balances of Mortgage and SBA Loans Serviced for Others (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Mortgages [Member]
Loans serviced for others	$ 1,014,017	$ 1,127,668
Small Business Administration Loans [Member]
Loans serviced for others	100,336	119,893
Commerical Real Estate Loans [Member]
Loans serviced for others	3,813	3,991
Construction Loans [Member]
Loans serviced for others	$ 4,710	$ 3,677

Note 17 - Regulatory Matters (Details Textual) $ in Billions			12 Months Ended
	Jan. 01, 2019	Jan. 01, 2016	Dec. 31, 2021	Dec. 31, 2023	Jan. 01, 2022 USD ($)	Jan. 01, 2015
Tier One Risk Based Common Equity Capital Required For Capital Adequacy To Risk Weighted Assets						4.50%
Tier One Risk Based Common Equity Capital Required To Be Well Capitalized To Risk Weighted Assets						6.50%
Banking Regulation, Tier One Risk-Based Capital Ratio, Capital Adequacy, Minimum						0.04
Banking Regulation, Tier One Risk-Based Capital Ratio, Well Capitalized, Minimum						0.06
Increased Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets						0.06
Increased Tier One Risk Based Capital Required To Be Well Capitalized To Risk Weighted Assets						0.08
Capital Conservation Buffer	2.50%	0.625%	2.50%
Required Assets To Liabilities Ratio After Dividend Effect				1.25
Minimum [Member]
Regulatory Assets, Total					$ 3

Note 16 - Stock Option Plan (Details Textual) - USD ($)				1 Months Ended					12 Months Ended
Note 16 - Stock Option Plan (Details Textual) - USD ($)	Jul. 20, 2023	Jan. 18, 2023	May 17, 2017	Mar. 31, 2023	Dec. 31, 2022	May 31, 2022	Jul. 31, 2021	Jan. 31, 2021	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Apr. 08, 2022	Jan. 31, 2017
Share-Based Payment Arrangement, Expense									$ 750,000	$ 848,000	$ 1,100,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount					$ 581,000				517,000	581,000	1,400,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested in Period, Fair Value									$ 1,100,000	$ 1,100,000	$ 1,200,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Nonvested, Number of Shares (in shares)					127,005				65,671	127,005	237,500
Share-Based Compensation Arrangement by Share-Based Payment Award, Option, Nonvested, Weighted Average Exercise Price (in dollars per share)					$ 4.69				$ 4.99	$ 4.69	$ 4.28
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period (in shares)									19,403	445,308	302,744
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)									30,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share)				$ 5.49	$ 6.16	$ 5.28	$ 5.69	$ 4.14
Proceeds from Stock Options Exercised									$ 295,000	$ 5,476,000	$ 3,475,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period, Intrinsic Value									90,000	4,000,000	3,800,000
Share-Based Payment Arrangement, Option [Member]
Share-Based Payment Arrangement, Expense									246,000	300,000	485,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount					$ 400,000				179,000	400,000	635,000
Employee Service, Share Based Compensation Tax Expense (Benefit) from Compensation Expense									$ 3,000	$ (587,000)	$ (873,000)
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)									1 year 2 months 12 days
Stock Options One [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested, Number of Shares (in shares)									56,334
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested, Weighted Average Grant Date Fair Value (in dollars per share)									$ 18.4
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Nonvested Options Forfeited, Number of Shares (in shares)									30,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Nonvested Options Forfeited, Weighted Average Grant Date Fair Value (in dollars per share)									$ 19.87
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period (in shares)									5,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercised, Weighted Average Grant Date Fair Value (in dollars per share)									$ 17.74
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)									30,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share)									$ 19.87
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)									48,748		0
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)									3 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number (in shares)					14,786				43,160	14,786
Restricted Stock Units (RSUs) [Member] \| Directors and Executive Officers [Member]
Share-Based Payment Arrangement, Expense									$ 504,000	$ 453,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount					$ 182,000				$ 338,000	182,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)									1 year 6 months
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)	16,500	32,248
Share Based Compensation Arrangement by Share Based Payment Award, Equity Instruments Other Than Options, Granted at Closing Price (in dollars per share)	$ 13.93	$ 20.46
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)		1 year
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number (in shares)									43,160
Restricted Stock [Member]
Share-Based Payment Arrangement, Expense									$ 0	95,000	$ 602,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount					$ 0				$ 0	$ 0	$ 729,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)									0	0	60,000
Share Based Compensation Arrangement by Share Based Payment Award, Equity Instruments Other Than Options, Granted at Closing Price (in dollars per share)											$ 17.74
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number (in shares)									0			40,000
Stock Option Plan 2010 [Member]
Share Based Compensation, Arrangement By Share Based Payment Award, Common Stock Reserved As Percentage Of Issued And Outstanding													30.00%
Common Stock, Capital Shares Reserved for Future Issuance (in shares)													3,494,478
Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized (in shares)			0
The 2017 Omnibus Stock Incentive Plan [Member]
Share Based Compensation, Arrangement By Share Based Payment Award, Common Stock Reserved As Percentage Of Issued And Outstanding			30.00%
Common Stock, Capital Shares Reserved for Future Issuance (in shares)			3,848,341
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant (in shares)									1,032,173
Share-Based Compensation Arrangement by Share-Based Payment Award, Percentage of Outstanding Stock Maximum										5.50%

Note 4 - Investment Securities (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of Available for Sale Securities, and Held to Maturity [Table Text Block]

			*Gross*		*Gross*
*(dollars in thousands)*	*Amortized*		*Unrealized*		*Unrealized*			*Fair*
December 31, 2023	*Cost*		*Gains*		*Losses*			*Value*
Available for sale
Government agency securities	$	8,705	$	—	$	(544	)	$	8,161
SBA agency securities		13,289		144		(216	)		13,217
Mortgage-backed securities: residential		40,507		—		(5,855	)		34,652
Collateralized mortgage obligations: residential		94,071		454		(12,198	)		82,327
Collateralized mortgage obligations: commercial		69,941		22		(2,664	)		67,299
Commercial paper		73,121		—		(16	)		73,105
Corporate debt securities		34,800		—		(4,109	)		30,691
Municipal securities		12,636		—		(3,127	)		9,509
Total	$	347,070	$	620	$	(28,729	)	$	318,961

Held to maturity
Municipal taxable securities	$	501	$	3	$	—		$	504
Municipal securities		4,708		—		(115	)		4,593
Total	$	5,209	$	3	$	(115	)	$	5,097

			*Gross*		*Gross*
*(dollars in thousands)*	*Amortized*		*Unrealized*		*Unrealized*			*Fair*
December 31, 2022	*Cost*		*Gains*		*Losses*			*Value*
Available for sale
Government agency securities	$	5,012	$	—	$	(517	)	$	4,495
SBA agency securities		2,634		—		(223	)		2,411
Mortgage-backed securities: residential		44,809		—		(6,752	)		38,057
Mortgage-backed securities: commercial		4,887		—		(16	)		4,871
Collateralized mortgage obligations: residential		82,759		—		(12,856	)		69,903
Collateralized mortgage obligations: commercial		44,591		—		(2,901	)		41,690
Commercial paper		49,551		2		(16	)		49,537
Corporate debt securities		41,176		1		(4,165	)		37,012
Municipal securities		12,669		—		(3,815	)		8,854
Total	$	288,088	$	3	$	(31,261	)	$	256,830

Held to maturity
Municipal taxable securities	$	1,003	$	7	$	(3	)	$	1,007
Municipal securities		4,726		—		(170	)		4,556
Total	$	5,729	$	7	$	(173	)	$	5,563

Investments Classified by Contractual Maturity Date [Table Text Block]

	*Less than One Year*				*More than One Year to Five Years*				*More than Five Years to Ten Years*				*More than Ten Years*				*Total*
	*Amortized*				*Amortized*				*Amortized*				*Amortized*				*Amortized*
*(dollars in thousands)*	*Cost*		*Fair Value*		*Cost*		*Fair Value*		*Cost*		*Fair Value*		*Cost*		*Fair Value*		*Cost*		*Fair Value*
December 31, 2023
Government agency securities	$	—	$	—	$	8,705	$	8,161	$	—	$	—	$	—	$	—	$	8,705	$	8,161
SBA securities		—		—		2,292		2,095		10,997		11,122		—		—		13,289		13,217
Mortgage-backed securities: residential		—		—		11,023		9,986		19,762		16,965		9,722		7,701		40,507		34,652
Collateralized mortgage obligations: residential		18		17		36,876		35,758		57,177		46,552		—		—		94,071		82,327
Collateralized mortgage obligations: commercial		3,014		3,018		20,296		18,481		46,631		45,800		—		—		69,941		67,299
Commercial paper		73,121		73,105		—		—		—		—		—		—		73,121		73,105
Corporate debt securities		—		—		12,912		12,491		19,249		16,232		2,639		1,968		34,800		30,691
Municipal securities		—		—		—		—		—		—		12,636		9,509		12,636		9,509
Total available for sale	$	76,153	$	76,140	$	92,104	$	86,972	$	153,816	$	136,671	$	24,997	$	19,178	$	347,070	$	318,961

Municipal taxable securities	$	—	$	—	$	501	$	504	$	—	$	—	$	—	$	—	$	501	$	504
Municipal securities		—		—		—		—		2,952		2,873		1,756		1,720		4,708		4,593
Total held to maturity	$	—	$	—	$	501	$	504	$	2,952	$	2,873	$	1,756	$	1,720	$	5,209	$	5,097
*(dollars in thousands)*
December 31, 2022
Government agency securities	$	—	$	—	$	5,012	$	4,495	$	—	$	—	$	—	$	—	$	5,012	$	4,495
SBA securities		—		—		2,634		2,411		—		—		—		—		2,634		2,411
Mortgage-backed securities: residential		—		—		13,013		11,598		29,114		24,361		2,682		2,098		44,809		38,057
Mortgage-backed securities: commercial		—		—		4,887		4,871		—		—		—		—		4,887		4,871
Collateralized mortgage obligations: residential		—		—		20,687		19,646		62,072		50,257		—		—		82,759		69,903
Collateralized mortgage obligations: commercial		—		—		16,382		14,644		28,209		27,046		—		—		44,591		41,690
Commercial paper		49,551		49,537		—		—		—		—		—		—		49,551		49,537
Corporate debt securities		3,705		3,706		11,355		10,806		23,454		20,662		2,662		1,838		41,176		37,012
Municipal securities		—		—		—		—		—		—		12,669		8,854		12,669		8,854
Total available for sale	$	53,256	$	53,243	$	73,970	$	68,471	$	142,849	$	122,326	$	18,013	$	12,790	$	288,088	$	256,830

Municipal taxable securities	$	501	$	498	$	502	$	509	$	—	$	—	$	—	$	—	$	1,003	$	1,007
Municipal securities		—		—		—		—		1,739		1,692		2,987		2,864		4,726		4,556
Total held to maturity	$	501	$	498	$	502	$	509	$	1,739	$	1,692	$	2,987	$	2,864	$	5,729	$	5,563

Gain (Loss) on Securities [Table Text Block]

	*Less than Twelve Months*					*Twelve Months or More*					*Total*
*(dollars in thousands)*	*Fair Value*		*Unrealized Losses*			*Fair Value*		*Unrealized Losses*			*Fair Value*		*Unrealized Losses*
December 31, 2023
Government agency securities	$	4,238	$	(72	)	$	3,923	$	(472	)	$	8,161	$	(544	)
SBA securities		5,102		(18	)		2,094		(198	)		7,196		(216	)
Mortgage-backed securities: residential		—		—			34,652		(5,855	)		34,652		(5,855	)
Collateralized mortgage obligations: residential		2,597		(37	)		60,275		(12,161	)		62,872		(12,198	)
Collateralized mortgage obligations: commercial		18,463		(70	)		35,077		(2,594	)		53,540		(2,664	)
Commercial paper (1)		53,211		(16	)		—		—			53,211		(16	)
Corporate debt securities		—		—			30,691		(4,109	)		30,691		(4,109	)
Municipal securities		—		—			9,509		(3,127	)		9,509		(3,127	)
Total available for sale	$	83,611	$	(213	)	$	176,221	$	(28,516	)	$	259,832	$	(28,729	)

Municipal securities	$	1,397	$	(19	)	$	3,196	$	(96	)	$	4,593	$	(115	)
Total held to maturity	$	1,397	$	(19	)	$	3,196	$	(96	)	$	4,593	$	(115	)

	*Less than Twelve Months*					*Twelve Months or More*					*Total*
*(dollars in thousands)*	*Fair Value*		*Unrealized Losses*			*Fair Value*		*Unrealized Losses*			*Fair Value*		*Unrealized Losses*
December 31, 2022
Government agency securities	$	354	$	(24	)	$	4,141	$	(493	)	$	4,495	$	(517	)
SBA securities		2,411		(223	)		—		—			2,411		(223	)
Mortgage-backed securities: residential		5,535		(362	)		32,522		(6,390	)		38,057		(6,752	)
Mortgage-backed securities: commercial		4,871		(16	)		—		—			4,871		(16	)
Collateralized mortgage obligations: residential		27,050		(1,842	)		39,815		(11,014	)		66,865		(12,856	)
Collateralized mortgage obligations: commercial		18,741		(790	)		22,949		(2,111	)		41,690		(2,901	)
Commercial paper (1)		39,624		(16	)		—		—			39,624		(16	)
Corporate debt securities		22,977		(1,843	)		10,330		(2,322	)		33,307		(4,165	)
Municipal securities		—		—			8,854		(3,815	)		8,854		(3,815	)
Total available for sale	$	121,563	$	(5,116	)	$	118,611	$	(26,145	)	$	240,174	$	(31,261	)

Municipal taxable securities	$	498	$	(3	)	$	—	$	—		$	498	$	(3	)
Municipal securities		4,556		(170	)		—		—			4,556		(170	)
Total held to maturity	$	5,054	$	(173	)	$	—	$	—		$	5,054	$	(173	)

Note 4 - Investment Securities (Details Textual) - USD ($)

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Proceeds from Sale of Debt Securities, Available-for-Sale

$ 0

Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss

962,000

810,000

Debt Securities, Held-to-Maturity, Allowance for Credit Loss

Debt Securities, Available-for-Sale, Unrealized Loss Position, Accumulated Loss

28,729,000

31,261,000

Commercial Paper [Member]

Debt Securities, Available-for-Sale, Unrealized Loss Position, Accumulated Loss

16,000

^[1]

16,000

^[2]

Debt Securities, Available-for-sale, Recorded Value Equal to Fair Value

19,900,000

9,900,000

Residential Mortgage-Backed Securities and Residential Collateralized Mortgage Obligations [Member]

Debt Securities, Available-for-Sale, Unrealized Loss Position, Accumulated Loss

$ 18,100,000

Debt Securities, Available-for-Sale, Unrealized Loss Position, Accumulated Loss to Total Accumulated Loss, Percent

62.80%

Corporate Debt Securities [Member]

Debt Securities, Available-for-Sale, Unrealized Loss Position, Accumulated Loss

$ 4,100,000

Debt Securities, Available-for-Sale, Unrealized Loss Position, Accumulated Loss to Total Accumulated Loss, Percent

14.30%

Municipal Bonds [Member]

Debt Securities, Available-for-Sale, Unrealized Loss Position, Accumulated Loss

$ 3,100,000

Debt Securities, Available-for-Sale, Unrealized Loss Position, Accumulated Loss to Total Accumulated Loss, Percent

10.90%

Commercial Collateralized Mortgage Obligations [Member]

Debt Securities, Available-for-Sale, Unrealized Loss Position, Accumulated Loss

$ 2,700,000

Debt Securities, Available-for-Sale, Unrealized Loss Position, Accumulated Loss to Total Accumulated Loss, Percent

9.30%

US Government Agencies Debt Securities and SBA Securities [Member]

Debt Securities, Available-for-Sale, Unrealized Loss Position, Accumulated Loss

$ 760,000

Debt Securities, Available-for-Sale, Unrealized Loss Position, Accumulated Loss to Total Accumulated Loss, Percent

2.60%

Asset Pledged as Collateral [Member]

Financial Instruments, Owned, at Fair Value

$ 95,200,000

Asset Pledged as Collateral [Member] | Deposits [Member]

Financial Instruments, Owned, at Fair Value

$ 61,000

$ 76,000

[1]	The Company held $19.9 million of commercial paper where the recorded value and fair value are equal as of December 31, 2023.
[2]	The Company held $9.9 million of commercial paper where the recorded value and fair value are equal as of December 31, 2022.

Note 2 - Basis of Presentation and Summary of Significant Accounting Policies - Schedule of New Accounting Pronouncements (Details) - USD ($)
$ in Thousands

Dec. 31, 2023

Dec. 31, 2022

Jan. 01, 2022

Dec. 31, 2021

Dec. 31, 2020

$ 41,903

$ 41,076

$ 32,912

$ 29,337

^[1]

15,765

16,977

4,855

Retained earnings, net of tax

640

1,157

1,203

$ 255,152

225,883

181,329

Cumulative Effect, Period of Adoption, Adjusted Balance [Member]

$ 35,047

5,832

Retained earnings, net of tax

2,248

179,125

Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]

2,135

977

Retained earnings, net of tax

1,045

$ (2,204)

Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjusted Balance [Member]

$ 41,076

$ 35,047

$ 29,337

[1]	Reserve was under the ALL method in accordance with ASC 450 and ASC 310.

Amount of allowance for credit loss on financing receivable. Excludes allowance for financing receivable covered under loss sharing agreement.

Amount of accumulated undistributed earnings (deficit).

Note 1 - Business Description (Details Textual) $ in Thousands	127 Months Ended
	Jan. 31, 2022	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Assets		$ 4,026,025	$ 3,919,058
Loans Held for Investment and Held for Sale, Gross		3,000,000
Deposits		3,174,760	2,977,683
Equity, Including Portion Attributable to Noncontrolling Interest		$ 511,260	$ 484,563	$ 466,683	$ 428,488
Number of Businesses Acquired	6

Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.

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Note 7 - Premises and Equipment

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment Disclosure [Text Block]

NOTE 7 - PREMISES AND EQUIPMENT

A summary of premises and equipment as of December 31, 2023 and 2022 follows:

*(dollars in thousands)*	*2023*			*2022*
Land	$	8,974		$	8,974
Building and improvements		15,549			15,523
Furniture, fixtures, and equipment		8,411			8,339
Leasehold improvements		7,696			6,775
		40,630			39,611
Less accumulated depreciation and amortization		(14,949	)		(13,387	)
Construction in progress		3			785
	$	25,684		$	27,009

Depreciation and leasehold amortization expense was $2.0 million, $2.0 million, and $1.9 million for 2023, 2022, and 2021, respectively.

A $32,000 gain on sale of fixed assets was recorded from the sale of an automobile during 2023. A $757,000 gain on sale of fixed assets was recorded from the sale of a real estate asset during 2022, which was used to house staff while traveling.

Note 12 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

*(dollars in thousands)*	*2023*			*2022*			*2021*
Current:
Federal	$	10,804		$	18,315		$	16,037
State		6,761			10,952			9,087
Total Current		17,565			29,267			25,124

Deferred:
Federal		(288	)		(1,756	)		(1,148	)
State		504			(493	)		55
Total Deferred		216			(2,249	)		(1,093	)
Total income tax expense	$	17,781		$	27,018		$	24,031

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	*2023*						*2022*						*2021*
*(dollars in thousands)*	*Amount*			*Rate*			*Amount*			*Rate*			*Amount*			*Rate*
Statutory federal tax	$	12,652		21.0		%	$	19,182			21.0	%	$	16,997			21.0	%
State tax, net of federal benefit		5,181		8.6		%		8,278			9.1	%		7,182			8.9	%
Tax-exempt income		(399	)	(0.7		)%		(355	)		(0.4	)%		(285	)		(0.4	)%
Stock-based compensation		54		0.1		%		(396	)		(0.4	)%		(404	)		(0.5	)%
Other items, net		293		0.5		%		309			0.3	%		541			0.7	%
Total income tax expense	$	17,781			29.5	%	$	27,018			29.6	%	$	24,031			29.7	%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

*(dollars in thousands)*	*2023*			*2022*
Deferred tax assets:
Allowance for credit losses	$	13,011		$	12,834
Stock-based compensation		472			546
Operating loss carryforwards		32			154
Unrealized loss on AFS securities		8,597			9,614
Lease liability		9,539			8,149
State tax		1,444			2,426
Other		1,237			917
		34,332			34,640
Deferred tax liabilities:
Depreciation		(1,389	)		(1,598	)
Deferred loan costs		(3,123	)		(2,808	)
Acquisition accounting fair value adjustments		(2,794	)		(3,052	)
Mortgage servicing rights		(1,991	)		(2,259	)
Right of use asset		(9,115	)		(7,818	)
Other		(155	)		(128	)
		(18,567	)		(17,663	)
Net deferred tax assets	$	15,765		$	16,977

Note 14 - Leases

12 Months Ended

Dec. 31, 2023

Lessee, Operating Leases [Text Block]

NOTE 14 - LEASES

The Company leases several of its operating facilities under various non-cancellable operating leases expiring at various dates through 2037. The Company is also responsible for common area maintenance, taxes, and insurance at the various branch locations.

Future minimum rent payments on the Company’s leases were as follows at December 31, 2023:

*(dollars in thousands)*
For the year ended December 31,:
2024	$	4,728
2025		5,109
2026		5,121
2027		4,998
2028		4,052
Thereafter		10,699
Total	$	34,707
Less amount of payment representing interest		(3,516	)
Total present value of lease payments	$	31,191

The minimum rent payments shown above are given for the existing lease obligation and are not a forecast of future rental expense. Total rental expense, recognized on a straight-line basis, was $5.7 million, $5.4 million, and $5.3 million for the years ended December 31, 2023, 2022, and 2021, respectively. The Company received rental income of $570,000, $548,000, and $479,000 for the years ended December 31, 2023, 2022, and 2021, respectively.

The following table presents the operating lease related assets and liabilities recorded on the consolidated balance sheets, and the weighted-average remaining lease terms and discount rates as of December 31, 2023 and December 31, 2022:

	*December 31,*			*December 31,*
*(dollars in thousands)*	*2023*			*2022*
Operating Leases
ROU assets	$	29,803		$	25,447
Lease liabilities		31,191			26,523

Weighted-average remaining lease term (in years)		7.63			7.91
Weighted-average discount rate		1.72	%		2.19	%

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Operating activities
Net income	$ 42,465,000	$ 64,327,000	$ 56,906,000
Adjustments to reconcile net income to net cash from Operating activities:
Depreciation and amortization of premises and equipment	2,018,000	2,022,000	1,943,000
Net accretion of discount for securities, loans, deposits, and other	(5,396,000)	(432,000)	(191,000)
Unrealized (gain)/loss on equity securities	(24,000)	0	360,000
Amortization of investment in affordable housing tax credits	1,127,000	1,053,000	1,037,000
Amortization of intangible assets	2,568,000	3,853,000	6,347,000
Reversal of an impairment allowance on mortgage servicing rights	0	0	(417,000)
Amortization of right-of-use asset	5,042,000	5,145,000	5,245,000
Change in operating lease liabilities	(4,730,000)	(4,897,000)	(5,058,000)
Provision for credit losses	3,362,000	4,935,000	3,959,000
Stock-based compensation, net	750,000	848,000	1,086,000
Deferred tax expense/(benefit)	216,000	(2,249,000)	(1,093,000)
Gain on sale of loans	(374,000)	(1,895,000)	(9,991,000)
Gain on sale of OREO	(134,000)	0	0
Gain on sale of fixed assets	(32,000)	(757,000)	0
Increase in cash surrender value of BOLI	(1,409,000)	(1,322,000)	(1,067,000)
Loans originated and purchased for sale, net	(15,058,000)	(39,152,000)	(161,972,000)
Proceeds from loans sold	18,743,000	60,170,000	305,337,000
Other items	2,158,000	2,163,000	(256,000)
Net cash provided by operating activities	51,292,000	93,812,000	202,175,000
Investing activities
Purchases	(694,210,000)	(402,656,000)	(603,836,000)
Maturities, repayments and calls	640,993,000	485,796,000	442,056,000
Securities held to maturity:
Maturities, repayments and calls	500,000	500,000	900,000
Redemption of Federal Home Loan Bank stock	0	0	641,000
Purchase of Federal Home Loan Bank stock and other equity securities, net	(479,000)	(2,608,000)	(5,839,000)
Net increase of investment in qualified affordable housing projects	(279,000)	(227,000)	(763,000)
Net decrease/(increase) in loans	296,693,000	(411,316,000)	(315,551,000)
Proceeds from sales of OREO	711,000	0	0
Purchase of bank owned life insurance	0	0	(19,800,000)
Net cash received in connection with acquisition	0	71,352,000	0
Proceeds from sale of fixed assets	32,000	1,053,000	0
Purchases of premises and equipment	(652,000)	(2,065,000)	(1,989,000)
Net cash provided by/(used in) investing activities	243,309,000	(260,171,000)	(504,181,000)
Financing activities
Net (decrease)/increase in demand deposits and savings accounts	(241,730,000)	(886,712,000)	870,803,000
Net increase/(decrease) in time deposits	438,625,000	397,329,000	(120,178,000)
Advances from Federal Home Loan Bank	80,000,000	570,000,000	0
Repayment of Federal Home Loan Bank borrowings	(150,000,000)	(500,000,000)	0
Cash dividends paid	(12,163,000)	(10,736,000)	(9,947,000)
Redemption of subordinated notes	(55,000,000)	0	(50,000,000)
Issuance of subordinated notes, net of issuance costs	0	0	118,111,000
Common stock repurchased, net of repurchased costs	(6,803,000)	(19,822,000)	(10,540,000)
Exercise of stock options	295,000	5,476,000	3,475,000
Net cash provided by/(used in) financing activities	53,224,000	(444,465,000)	801,724,000
Net increase/(decrease) in cash and cash equivalents	347,825,000	(610,824,000)	499,718,000
Cash and cash equivalents at beginning of period	83,548,000	694,372,000	194,654,000
Cash and cash equivalents at end of period	431,373,000	83,548,000	694,372,000
Cash paid during the period:
Interest paid	93,721,000	29,734,000	22,507,000
Taxes paid	21,389,000	24,019,000	25,786,000
Non-cash investing and financing activities:
Transfer from loans to other real estate owned	0	142,000	0
Loans transfer to held for sale, net	5,254,000	13,166,000	89,368,000
Additions to servicing assets	234,000	771,000	2,361,000
Recognition of operating lease right-of-use assets	(9,398,000)	(8,138,000)	(27,699,000)
Recognition of operating lease liabilities	9,398,000	8,138,000	27,699,000
Acquisition:
Assets acquired, net of cash received	0	8,183,000	0
Liabilities assumed	0	81,790,000	0
Cash receipts	0	(71,040,000)	0
Goodwill	$ 0	$ 2,255,000	$ 0

Note 20 - Revenue From Contracts With Customers (Tables)

12 Months Ended

Dec. 31, 2023

Disaggregation of Revenue [Table Text Block]

	*For the Year Ended December 31,*
*(dollars in thousands)*	*2023*		*2022*		*2021*
Non-interest income, in scope ⁽¹⁾
Fees and service charges on deposit accounts	$	2,014	$	2,051	$	2,367
Other fees ⁽²⁾		984		677		2,543
Other income ⁽³⁾		2,158		2,094		2,157
Gain on sale of OREO and fixed assets		166		757		—
Total in-scope non-interest income		5,322		5,579		7,067
Non-interest income, not in scope ⁽⁴⁾		9,696		5,673		11,678
Total non-interest income	$	15,018	$	11,252	$	18,745

Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Basis of Accounting, Policy [Policy Text Block]

Basis of Presentation

The accompanying consolidated financial statements and notes thereto of the Company have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”) for Form 10-K 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 financial reporting.

Principles of Consolidation and Nature of Operations, Policy [Policy Text Block]

Principles of Consolidation and Nature of Operations

The accompanying consolidated financial statements include the accounts of RBB Bancorp and its wholly-owned subsidiaries RBB and RAM. All significant intercompany transactions have been eliminated.

RBB Bancorp has no significant business activity other than its investments in the Bank and in RAM. However, through our whole bank acquisition activity, we have acquired three statutory business trusts: TFC Statutory Trust, FAIC Statutory Trust and PGB Capital Trust I. These trusts issued trust preferred securities representing undivided preferred beneficial interests in the assets of these trusts. The proceeds of these trust preferred securities were invested in certain securities issued by the entities we have acquired, with similar terms to the relevant series of securities issued by these trusts, which we refer to as subordinated debentures, and are included in Tier 2 capital.

The parent company only condensed financial information on RBB Bancorp is provided in Note 22.

In connection with the 2018 acquisition of First American International Corp (“FAIC”), the Company acquired FAIB Capital Corp. (“FAICC”), a real estate investment trust formed on August 28, 2013 as a New York State corporation, which operates as a wholly-owned subsidiary of the Bank.

Use of Estimates, Policy [Policy Text Block]

Use of Estimates in the Preparation of Financial Statements

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. It is reasonably possible that these estimates could change as actual results could differ from those estimates. The allowance for credit losses, realization of deferred tax assets, the valuation of goodwill and other intangible assets, other derivatives, and the fair value measurement of financial instruments are particularly subject to change and such change could have a material effect on the consolidated financial statements.

Cash and Cash Equivalents, Policy [Policy Text Block]

Cash and Cash Equivalents

Cash and cash equivalents include cash and due from banks, term federal funds sold and interest-bearing deposits in other financial institutions with original maturities of less than 90 days. Net cash flows are reported for customer loan and deposit transactions and interest-bearing deposits in other financial institutions.

Cash and Due from Banks, Policy [Policy Text Block]

Cash and Due from Banks

Banking regulations require that banks maintain a percentage of their deposits as reserves in cash or on deposit with the Federal Reserve Bank. There were no reserves required to be held as of December 31, 2023 and 2022. The Company maintains amounts in due from bank accounts, which may exceed federally insured limits. The Company has not experienced any losses in such accounts.

Interest-bearing Deposits in Other Financial Institutions, Policy [Policy Text Block]

Interest-Earning Deposits in Other Financial Institutions

Interest-bearing deposits in other financial institutions not included in cash and cash equivalents are carried at cost and generally mature in one year or less.

Marketable Securities, Policy [Policy Text Block]

Investment Securities

Investment securities are classified as held to maturity and carried at amortized cost when management has the positive intent and ability to hold them to maturity. Debt securities not classified as held to maturity are classified as available for sale. Securities available for sale are carried at fair value, with unrealized holding gains and losses reported in other comprehensive income, net of tax.

Interest income includes amortization of purchase premiums or discounts. Premiums and discounts on securities are amortized on the level-yield method to the earlier of the maturity date or call date of the underlying securities. Gains and losses on sales are recorded on the trade date and determined using the specific identification method.

Prior to January 1, 2022, management evaluated debt securities for other-than-temporary impairment (“OTTI”) on at least a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. For securities in an unrealized loss position, management considered the extent and duration of the unrealized loss, and the financial condition and near-term prospects of the issuer. Management also assessed whether it intended to sell, or it was more likely than not that it would be required to sell, a security in an unrealized loss position before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell was met, the entire difference between amortized cost and fair value was recognized as impairment through earnings. For debt securities that do not meet the aforementioned criteria, the amount of impairment was split into two components as follows; OTTI related to credit loss, which must be recognized in the income statement and; OTTI related to other factors, which was recognized in other comprehensive income. The credit loss was defined as the difference between the present value of the cash flows expected to be collected and the amortized cost basis.

Effective January 1, 2022, upon the adoption of ASU 2016-13, Financial Instruments—Credit Losses (Topic 326), the Company accounts for credit losses on available for sale securities in accordance with ASC 326-30. Debt securities are measured at fair value and subject to impairment testing. When a 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 loss by a charge to earnings for the credit-related component (if any) of the decline in fair value, and (2) recognize in other comprehensive income (loss) any non-credit related components of the fair value change. 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.

For available-for-sale debt securities in an unrealized loss position, the Company first assesses whether it intends to sell, or it is more likely than not that it will be required to sell the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, then the security’s amortized cost basis is written down to fair value through income. For debt securities available-for-sale that do not meet the aforementioned criteria, the Company evaluates whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, management considers the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency, and adverse conditions specifically related to the security, among other factors. If this assessment indicates that a credit loss exists, then the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, then a credit loss exists and an allowance for credit losses is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any impairment that has not been recorded through an allowance for credit losses is recognized in other comprehensive income (loss).

Changes in the allowance for credit losses are recorded as credit loss expense (or reversal). Losses are charged against the allowance when management believes the uncollectibility of an available-for-sale security is confirmed or when either of the criteria regarding intent or requirement to sell is met.

Accrued interest receivable on available-for-sale debt securities totaled $919,000 and $759,000 at December 31, 2023 and 2022, and is excluded from the estimate of credit losses.

Management measures expected credit losses on held-to-maturity debt securities on a collective basis by major security type. Accrued interest receivable on held-to-maturity debt securities totaled $43,000 and $51,000 at December 31, 2023 and 2022, and is excluded from the estimate of credit losses.

Financing Receivable, Held-for-Sale [Policy Text Block]

Loans Held For Sale

Mortgage loans originated or acquired and intended for sale in the secondary market are carried at the lower of aggregate cost or fair value, as determined by outstanding commitments from investors. Net unrealized losses, if any, are recorded as a valuation allowance and charged to earnings. Loans held for sale consist primarily of first trust deed mortgages on single-family residential properties located in California and New York.

Mortgage loans held for sale are generally sold with servicing rights retained. The carrying value of mortgage loans sold is determined by reducing the amount allocated to the servicing right, when applicable. Gains and losses on sales of mortgage loans are based on the difference between the selling price and the carrying value of the related loans sold.

Financing Receivable [Policy Text Block]

Loans

Loans receivable that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at their outstanding unpaid principal balances reduced by any charge-offs and net of any deferred fees or costs on originated loans, or unamortized premiums or discounts on purchased loans. Loan origination fees and certain direct origination costs are deferred and recognized in interest income using the level-yield method without anticipating prepayments.

Premiums and discounts on loans purchased are grouped by type and certain common risk characteristics and amortized or accreted as an adjustment of yield over the weighted-average remaining contractual lives of each group of loans, adjusted for prepayments when applicable, using methodologies which approximate the interest method.

Loans on which the accrual of interest has been discontinued are designated as nonaccrual loans. The accrual of interest on loans is discontinued when principal or interest is past due 90 days or when, in the opinion of management, there is reasonable doubt as to collectability based on contractual terms of the loan. When loans are placed on nonaccrual status, all interest previously accrued but not collected is reversed against current period interest income. Income on nonaccrual loans is subsequently recognized only to the extent that cash is received and the loan's principal balance is deemed collectible. Interest accruals are resumed on such loans only when they are brought current with respect to interest and principal and when, in the judgment of management, the loans are estimated to be fully collectible as to all principal and interest.

Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block]

Allowance for Credit Losses - Loans

Effective January 1, 2022, upon the adoption of ASU 2016-13, Financial Instruments—Credit Losses (Topic 326), the Company accounts for credit losses on loans in accordance with ASC 326, which requires the Company to record an estimate of expected lifetime credit losses for loans at the time of origination. The allowance for credit losses (“ACL”) is maintained at a level deemed appropriate by management to provide for expected credit losses in the loan portfolio as of the date of the consolidated balance sheet. Estimating expected credit losses requires management to use relevant forward-looking information, including the use of reasonable and supportable forecasts. The measurement of the ACL is performed by collectively evaluating loans with similar risk characteristics. The Company has elected to utilize a DCF approach for all segments except for consumer loans and loans to non-depository financial institutions, which use a remaining life approach.

The Company’s DCF methodology incorporates a probability of default, loss given default and exposure at default model, as well as expectations of future economic conditions, using reasonable and supportable forecasts. The Company uses both internal and external qualitative factors within the current expected credit losses (“CECL”) model including: lending policies, procedures, and strategies; changes in nature and volume of the portfolio; credit and lending personnel experience; changes in volume and trends in classified loans, delinquencies, and nonaccrual; concentration risk; collateral values; regulatory and business environment; loan review results; and economic conditions. The Company determines the weighting of the qualitative factors based on management’s ability to directly control or influence the level of risk exposure. The factors related to economic conditions, collateral values, and the regulatory and business environment were assigned a higher allocation, and the remaining factors related to internal conditions received a lower allocation. Management further estimates the allowance balance required using past loan loss experience from peers with similar portfolio sizes and geographic locations to the Company, the nature and volume of the portfolio, information about specific borrower situations and estimated collateral values, economic conditions, and other factors. The Company’s CECL methodology utilizes a four-quarter reasonable and supportable forecast period, and a four-quarter reversion period. The Company is using the Federal Open Market Committee to obtain forecasts for the unemployment rate, while reverting to a long-run average of each considered economic factor.

The Company records a liability for lifetime expected credit losses on off-balance-sheet credit exposure that do not fit the definition of unconditionally cancelable in accordance with ASC 326. The Company uses the loss rate and exposure of default framework to estimate a reserve for unfunded commitments. Loss rates for the expected funded balances are determined based on the associated pooled loan analysis loss rate and the exposure at default is based on an estimated utilization given default.

The Company assesses expected credit losses for individual instruments that have different risk characteristics than those that are evaluated on a collective (pooled) basis, in accordance with ASC 326. An individual analysis will provide a specific reserve for instruments involved with fair market value of collateral or present value of future cash flow. In such a manner, the Bank performs individual analysis on loans that are 90 or more days past due, on non-accrual status or modified loans. Credit losses are not estimated for accrued interest receivable as interest that is deemed uncollectible is written off through interest income.

The Company adopted ASU 2022-02, Financial Instruments—Credit Losses (Topic 326), effective January 1, 2023. Upon adoption, the Company evaluates all receivable modifications under ASC 310 to determine whether a modification made to a borrower results in a new loan or a continuation of the existing loan. The Company no longer considers renewals, modifications, or extensions resulting from reasonably expected troubled debt restructurings (“TDRs”) when calculating the allowance for credit losses under ASC 326. The post-modification effective interest rate is used to calculate the allowance for credit losses when the DCF method is applied.

Allowance for Loan Losses (prior to January 1, 2022)

Prior to the Company's adoption of ASC 326, Financial Instruments—Credit Losses, on January 1, 2022, the Company maintained an allowance for loan losses (“ALL”) in accordance with ASC 450, Contingencies, and ASC 310, Receivables. The ALL was a valuation allowance for probable incurred credit losses. Loan losses were charged against the allowance when management believed the uncollectibility of a loan balance was confirmed. Subsequent recoveries, if any, were credited to the allowance. Management estimated the allowance balance required using past loan loss experience, the nature and volume of the portfolio, information about specific borrower situations, estimated collateral values, economic conditions, and other factors. Allocations of the allowance may have been made for specific loans, but the entire allowance was available for any loan that, in management's judgment, should be charged-off. Amounts were charged-off when available information confirmed that specific loans or portions thereof, were uncollectible. This methodology for determining charge-offs was consistently applied to each segment.

Transfers and Servicing of Financial Assets, Transfers of Financial Assets, Sales, Policy [Policy Text Block]

Servicing Rights

Servicing rights are established as an intangible asset when mortgage loans and SBA loans are sold with servicing retained and they are initially recorded at fair value with the income statement effect recorded in the gain on sale of loans. Fair value is based on a valuation model that calculates the present value of estimated future net servicing income. All classes of servicing assets are subsequently measured using the amortization method, which requires servicing rights to be amortized into noninterest income in proportion to, and over the period of, the estimated future net servicing income of the underlying loans.

Quarterly impairment is based upon the fair value of the rights as compared to carrying amount. Impairment is recognized through a charge to income to establish a valuation allowance for an individual grouping, to the extent that fair value is less than the carrying amount. If the Company later determines that all or a portion of the impairment no longer exists for a particular grouping, a reduction of the allowance may be recorded as an increase to income. The estimated fair value of the servicing rights is obtained through independent third party valuations based on an analysis of future cash flows, incorporating key assumptions including discount rates, prepayment speeds and interest rates.

Servicing fee income, which is reported on the income statement as loan servicing fees, net of amortization, is recorded for fees earned for servicing loans. The fees are based on a contractual percentage of the outstanding principal. The amortization of the mortgage and SBA servicing rights is offset against loan servicing fee income and reported as a net amount in the consolidated income statement.

Transfers and Servicing of Financial Assets, Transfers of Financial Assets, Policy [Policy Text Block]

Transfers of Financial Assets

Transfers of financial assets are accounted for as sales, when control over the assets has been relinquished. Control over transferred assets is deemed to be surrendered when the assets have been isolated from the Company, the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity.

Gains on sale of mortgage loans totaled $112,000, $1.2 million, and $7.9 million, and gains on sale of SBA loans totaled $262,000, $696,000, and $2.1 million in 2023, 2022, and 2021, respectively.

Property, Plant and Equipment, Policy [Policy Text Block]

Premises and Equipment

Land is carried at cost. Premises, leasehold improvements and equipment are carried at cost less accumulated depreciation and amortization. Depreciation is computed using the straight-line method over the estimated useful lives, which is thirty years for premises and ranges from three to ten years for leasehold improvements and equipment. Leasehold improvements are amortized using the straight-line method over the estimated useful lives of the improvements or the remaining lease term, whichever is shorter. Expenditures for betterments or major repairs are capitalized and those for ordinary repairs and maintenance are charged to operations as incurred.

Lessee, Leases [Policy Text Block]

Operating Lease ROU Assets and Lease Liabilities

Operating lease Right-of-Use (“ROU”) assets and lease liabilities are included in other assets and other liabilities, respectively, on the Company’s consolidated balance sheet. The ROU assets and lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date. The lease terms include periods covered by options to extend or terminate the lease depending on whether the Company is reasonably certain to exercise such options. The Company uses its incremental borrowing rate to determine the present value of its lease liabilities.

The ROU asset, at adoption of ASU 2016-02, Leases (Topic 842), was recorded at the amount of the lease liability plus any prepaid rent and initial direct costs, less any lease incentives and accrued rent. Upon adoption of this Topic on January 1, 2021, the Company elected the package of practical expedients that permits the Company to not reassess its prior conclusions about lease identification, lease classification and initial direct costs. The Company also elected all of the new standard’s available transition practical expedients, including the short-term lease recognition exemption that includes not recognizing ROU assets or lease liabilities for existing short-term leases, and the practical expedient to not separate lease and non-lease components for all of the Company’s leases.

The Company determines if a contract arrangement is a lease at inception and primarily enters into operating lease contracts for its branch locations, office space, and certain equipment. As part of its property lease agreements, the Company may seek to include options to extend or terminate at lease when it is reasonably certain that the Company will exercise those options. The Company's measurement of the ROU assets and operating lease liabilities does not include payments associated with the option to extend or terminate the lease term unless the Company is reasonably certain to exercise such options then the period will cover the option to extend or terminate. The ROU lease asset also includes any lease payments made and lease incentives. Lease expense for lease payments is recognized on a straight-line basis over the lease term. The Company did not possess any leases that have variable lease payments or residual value guarantees as of December 31, 2023.

Other Real Estate Owned, Policy [Policy Text Block]

Other Real Estate Owned

Real estate acquired by foreclosure or deed in lieu of foreclosure is recorded at fair value at the date of foreclosure, establishing a new cost basis by a charge to the allowance for credit losses, if necessary. Other real estate owned is carried at the lower of the Company's carrying value of the property or its fair value, less estimated carrying costs and costs of disposition. Fair value is based on current appraisals less estimated selling costs. Any subsequent write-downs are charged against operating expenses and recognized as a valuation allowance. Operating expenses and related income of such properties and gains and losses on their disposition are included in other operating income and expenses.

Goodwill and Intangible Assets, Policy [Policy Text Block]

Goodwill and Other Intangible Assets

Goodwill is generally determined as the excess of the fair value of the consideration transferred, plus the fair value of any noncontrolling interests in the acquiree, over the fair value of the net assets acquired and liabilities assumed as of the acquisition date. Goodwill resulting from whole bank and branch acquisitions is not amortized, but tested for impairment at least annually. The Company has selected October 1 as the date to perform the annual impairment test. Goodwill amounted to $71.5 million as of December 31, 2023 and 2022, and is the only intangible asset with an indefinite life on the balance sheet. No impairment was recognized on goodwill during 2023 and 2022. Goodwill in the amount of $2.3 million was recognized in conjunction with the acquisition of the Hawaii Branch from BOTO.

After evaluating the prolonged decrease in the Company’s market value, management performed a quantitative goodwill impairment analysis as of September 30, 2023. Management engaged a third-party valuation specialist to assist with the quantitative analysis. The evaluation used two methods to estimate the value of the Company: the market approach and the income approach. The market approach uses pricing information available on publicly traded companies that are similar to the subject company to determine the value of the subject company. Estimates used in the market approach included selecting a representative peer group of institutions, determining the price to tangible book value based on the results of the peer group institutions, and estimating a control premium based on the whole-bank acquisition prices for representative transactions. The income approach is based on the discounted free cash flows of the subject company using projections of future results, and considering future economic forecasts and management’s plans. Estimates used in the income approach include management’s projections of the Company’s income in future periods and an appropriate rate of return that would be required by a market participant. Based on this quantitative analysis, the fair value of the Company exceeds its carrying amount with a passing amount of 9.6% at September 30, 2023. In addition, due to changes in the Company’s projections of income in future periods during the fourth quarter of 2023 resulting from the current economic environment, at December 31, 2023, management performed certain calculations and sensitivity analyses related to the quantitative goodwill impairment analysis performed at September 30, 2023 and the current information. Based on this most recent analysis, management concluded that goodwill was also not impaired at December 31, 2023.

Other intangible assets consist of core deposit intangible (“CDI”) assets arising from acquisitions. CDI assets are amortized on an accelerated method over their estimated useful life of 8 to 10 years. CDI was recognized in the 2013 acquisition of Los Angeles National Bank, in the 2016 acquisition of TFC Holding Company, in the 2018 acquisition of FAIC and in the 2020 acquisition of PGBH. In January 2022, $729,000 of CDI was recognized in conjunction with the Hawaii Branch purchase from BOTO.

The following table presents changes in the carrying amount of CDI for the periods indicated:

	*Year ended December 31,*
*(dollars in thousands)*	*2023*		*2022*		*2021*
Core deposit intangibles
Balance, beginning of year	$	10,459	$	9,730	$	9,730
Acquired from acquisitions		—		729		—
Balance, end of year	$	10,459	$	10,459	$	9,730
Accumulated amortization:
Balance, beginning of year	$	6,741	$	5,655	$	4,534
Amortization		923		1,086		1,121
Balance, end of year	$	7,664	$	6,741	$	5,655
Core deposit intangibles, net	$	2,795	$	3,718	$	4,075

Estimated CDI amortization expense for the next 5 years is as follows:

*(dollars in thousands)*
Year ending December 31:
2024	$	784
2025		672
2026		501
2027		417
2028		297
Thereafter		124
Total	$	2,795

Bank Owned Life Insurance, Policy [Policy Text Block]

Bank Owned Life Insurance

The Company has purchased life insurance policies on a select group of employees and directors. Bank Owned Life Insurance (“BOLI”) is recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due that are probable at settlement. Increases of the cash value of these policies, as well as insurance proceeds received, are recorded in the other noninterest income and are not subject to income tax for as long as they are held for the life of the covered employees and directors.

Federal Home Loan Bank Stock and Other Equity Securities, Policy [Policy Text Block]

FHLB Stock and Other Equity Securities

The Company is a member of the Federal Home Loan Bank (“FHLB”) system. Members are required to own a certain amount of stock based on the level of borrowings and other factors, and may invest in additional amounts. FHLB stock is carried at cost, classified as a restricted security, and periodically evaluated for impairment based on ultimate recovery of par value. Both cash and stock dividends are reported as income.

The Company also owns an equity investment in Pacific Coast Banker’s Bank and Atlantic Community Bankers Bank stock. The Company adopted ASU 2016-01 on January 1, 2019, and elected the measurement alternative for measuring equity securities without readily determinable fair values at cost less impairment, plus or minus observable price changes in orderly transactions.

As of December 31, 2023, the Company had several equity investments without readily determinable fair values in the amount of $22.3 million, and $22.2 million at December 31, 2022. There were no impairment charges in 2023 or 2022. There was a $360,000 impairment charge in 2021.

Share-Based Payment Arrangement [Policy Text Block]

Stock-Based Compensation

The Company currently recognizes stock-based compensation based on the grant date fair value of equity awards, including stock options, restricted stock units and restricted stock, which have been granted to employees. The expense related to equity-based awards granted to directors or other qualified non-employee awardees is recognized as other noninterest expense.

Stock option compensation expense is calculated based on the fair value of the award at the grant date for those options expected to vest and is recognized as an expense over the vesting period of the grant using the straight-line method. The Company uses the Black-Scholes option-pricing model to estimate the value of granted stock options. This model takes into account the option exercise price, the expected life, the current price of the underlying stock, the expected volatility of the Company’s stock, expected dividends on the stock and a risk-free interest rate. The Company estimates the expected volatility based on the Company’s historical stock prices for the period corresponding to the expected life of the stock options. Restricted stock and restricted stock units are valued based on the closing price of the Company’s stock on the date of the grant. Stock-based compensation expense is recognized over the period which an employee is required to provide services in exchange for the award, generally defined as the vesting period. When the options are exercised, the Company’s policy is to issue new shares of stock. The Company’s accounting policy is to recognize forfeitures as they occur.

Income Tax, Policy [Policy Text Block]

Income Taxes

Income tax expense is the total of the current year income tax due or refundable and the change in deferred tax assets and liabilities.

The Company files its income taxes on a consolidated basis with its subsidiaries. The allocation of income tax expense represents each entity’s proportionate share of the consolidated provision for income taxes. Income tax expense is the total of the current year income tax due or refundable and the change in deferred tax assets and liabilities. Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are the expected future tax amounts for the temporary differences between carrying amounts and tax bases of assets and liabilities, computed using enacted tax rates. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in earnings in the period that includes the enactment date. A valuation allowance, if needed, reduces deferred tax assets to the amount expected to be realized. Tax effects from an uncertain tax position are recognized in the financial statements only if, based on its merits, the position is more likely than not to be sustained on audit by the taxing authorities. Interest and penalties related to uncertain tax positions are recorded as part of income tax expense.

Under ASC 740, a valuation allowance is required to be recognized if it is “more likely than not” that all or a portion of the Company's deferred tax assets will not be realized. The Company's policy is to evaluate the deferred tax assets on a quarterly basis and record a valuation allowance for the Company's deferred tax assets if there is not sufficient positive evidence available to demonstrate utilization of the Company's deferred tax assets. Initial setup or an increase to deferred tax asset valuation allowance would be charged to income tax expense that would negatively impact our earnings.

Postemployment Benefit Plans, Policy [Policy Text Block]

Retirement Plans

The Company established a 401(k) plan in 2010. The Company contributed $707,000, $594,000, and $532,000 in 2023, 2022 and 2021, respectively.

Comprehensive Income, Policy [Policy Text Block]

Comprehensive Income

Comprehensive income consists of net income and other comprehensive income. Other comprehensive income includes unrealized gains and losses on securities available for sale, net of taxes.

Fair Value of Financial Instruments, Policy [Policy Text Block]

Financial Instruments

In the ordinary course of business, the Company enters into financial commitments to meet the financing needs of its customers. These financial commitments include commitments to extend credit, unused lines of credit, commercial and similar letters of credit and standby letters of credit as described in Note 13. Such financial instruments are recorded in the financial statements when they are funded.

Derivatives, Policy [Policy Text Block]

Derivatives

Interest Rate Lock Commitments (“IRLCs”) are agreements under which the Company agrees to extend credit to a borrower under certain specified terms and conditions in which the interest rate and the maximum amount of the loan are set prior to funding. Under the agreement, the Company commits to lend funds to a potential borrower (subject to the Company’s approval of the loan) on a fixed or adjustable rate basis, regardless of whether interest rates change in the market, or on a floating rate basis. As such, outstanding IRLCs are subject to interest rate risk and related price risk during the period from the date of issuance through the date of loan funding, cancelling or expiration. Loan commitments generally range between 30 and 90 days; however, the borrower is not obligated to obtain the loan. The Company is subject to fallout risk related to IRLCs, which is realized if approved borrowers choose not to close on the loans within the terms of the IRLCs. The Company uses best efforts commitments to substantially eliminate these risks. Historical commitment-to-closing ratios are considered to estimate the quantity of mortgage loans that will fund within the terms of the IRLCs.

ASC 815, Derivatives and Hedging, provides that IRLCs on mortgage loans that will be held for resale are derivatives and must be accounted for at fair value on the balance sheet. ASC 820, Fair Value Measurements and Disclosures, specifies how these derivatives are to be valued. Commitments to originate mortgage loans to be held for investment and other types of loans are generally not derivatives. The Company has elected to account for these obligations at fair value.

Forward Mortgage Loan Sale Contracts (“FMLSC”) are utilized to avoid interest rate risk at the time an interest rate lock commitment is made to the buyer. The Company is subject to interest rate and price risk on its mortgage loans held for sale from the loan funding date until the date the loan is sold. Best efforts commitments which fix the forward sales price that will be realized in the secondary market are used to eliminate the interest rate and price risk to the Company. To avoid interest rate risk, the Company will enter into FMLSCs at the time they make an interest rate lock commitment to the buyer. The buyer can enter into mortgage loan sales commitments on a “mandatory” or “best efforts” basis. Mandatory commitments provide that the loan must be delivered or the commitment be “paired off.” In general, best efforts commitments provide that the loan be delivered if and when it closes. Forward commitments, also known as forward loan sales commitments, are considered derivatives under ASC Topic 815, Derivatives and Hedging, because they meet all of the following criteria:

●

They have a specified underlying (the contractually specified price for the loans);

●

They have a notional amount (the committed loan principal amount);

●

They require little or no initial net investment; and

●

They require or permit net settlement as the institution via a pair-off transaction or the payment of a pair-off fee.

See Note 18 for more information and disclosures relating to the Company's derivatives.

Earnings Per Share, Policy [Policy Text Block]

Earnings Per Share (“EPS”)

Basic and diluted EPS are calculated using the two-class method since the Company has issued share-based payment awards considered participating securities because they entitle holders the rights to dividends during the vesting term. The two-class method is an earnings allocation formula that determines net income per share for each class of common stock and participating security according to dividends declared and participation rights in undistributed earnings. Basic EPS excludes dilution and is computed by dividing income available to common shareholders by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the entity.

Fair Value Measurement, Policy [Policy Text Block]

Fair Value Measurement

Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Current accounting guidance establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. There are three levels of inputs that may be used to measure fair values:

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 the Company's own assumptions about the assumptions that market participants would use in pricing an asset or liability.

See Note 18 for more information and disclosures relating to the Company's fair value measurements.

Segment Reporting, Policy [Policy Text Block]

Operating Segments

Management has determined that since generally all of the banking products and services offered by the Company are available in each branch of the Bank, all branches are located within the same economic environment and management does not allocate resources based on the performance of different lending or transaction activities, it is appropriate to aggregate the Bank branches and report them as a single operating segment.

New Accounting Pronouncements, Policy [Policy Text Block]

Recent Accounting Pronouncements

Recently Adopted

In June 2016, the FASB issued ASU 2016-13, Measurement of Credit Losses on Financial Instrument (Topic 326), including subsequent amendments to this ASU. This ASU changes how entities measure credit losses for most financial assets and certain other instruments that are not measured at fair value through net income. The standard replaced the “incurred loss” approach with an “expected loss” model. The new model, referred to as the CECL model, applies to: (1) financial assets subject to credit losses and measured at amortized cost, and (2) certain off-balance sheet credit exposures. This includes, but is not limited to, loans, leases, held to maturity securities, loan commitments, and financial guarantees. For available for sale (“AFS”) debt securities with unrealized losses, losses will be recognized as allowances rather than reductions in the amortized cost of the securities. ASU 2016-13 also expands the disclosure requirements regarding an entity's assumptions, models, and methods for estimating the allowance for credit losses. In addition, entities are required to disclose the amortized cost balance for each class of financial asset by credit quality indicator, disaggregated by the year of origination. The Company retroactively adopted CECL to January 1, 2022 as the Company’s emerging growth company status expired as of December 31, 2022. A one-time cumulative adjustment of $2.1 million was made to the Company’s ACL, which was recorded through retained earnings upon adoption of ASU 2016-13 as of January 1, 2022.

The following table sets forth the cumulative effect of the changes to the Company's consolidated balance sheets at January 1, 2022, for the adoption of ASU 2016-13:

			*Adjustments*
			*due to*
	*Balance at*		*Adoption of*			*Balance at*
*(dollars in thousands)*	*December 31, 2021*		*ASC 326*			*January 1, 2022*
Assets:
Allowance for credit losses on loans	$	32,912	$	2,135		$	35,047
Deferred tax assets		4,855		977			5,832
Liabilities:
Reserve for unfunded commitments	$	1,203	$	1,045		$	2,248
Stockholders' equity:
Retained earnings, net of tax	$	181,329	$	(2,204	)	$	179,125

In February 2019, the U.S. federal bank regulatory agencies approved a final rule modifying their regulatory capital rules and providing an option to phase in over a three-year period the day-one adverse regulatory capital effects of ASU 2016-13. Additionally, in March 2020, the U.S. federal bank regulatory agencies issued an interim final rule that provided banking organizations that adopted CECL in the 2020 an option to delay the estimated CECL impact on regulatory capital for an additional two years for a total transition period of up to five years to provide regulatory relief to banking organizations to better focus on supporting lending to creditworthy households and businesses in light of recent strains on the U.S. economy as a result of the novel coronavirus disease 2019 (“COVID-19”) pandemic. As a result, entities that adopted CECL in 2020 had the option to gradually phase in the full effect of CECL on regulatory capital over a five-year transition period. For entities who adopted CECL after 2020, the three-year phase-in transition provision is available if any entity experiences a reduction in retained earnings due to CECL adoption as of the beginning of the fiscal year in which the institution adopts CECL and makes an election to use this phase-in option. Effective January 1, 2022, the Company adopted ASU 2016-13, reflected the full effect of CECL at December 31, 2022, and did not elect the three-year CECL phase-in option on regulatory capital.

In January 2017, the FASB issued ASU 2017-04, Intangibles—Goodwill and Other (Topic 350). This Update simplifies how an entity is required to test goodwill for impairment by eliminating Step 2 from the goodwill impairment test. Step 2 measures a goodwill impairment loss by comparing the implied fair value of a reporting unit’s goodwill with the carrying amount of that goodwill. The amendments in this Update are required for public business entities and other entities that have goodwill reported in their financial statements and have not elected the private company alternative for the subsequent measurement of goodwill. As a result, under this Update, “an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount and should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit.” The Company adopted this ASU on December 31, 2022. Adoption of ASU 2017-04 did not have a significant impact on the Company’s consolidated financial statements.

In February 2020, the FASB issued ASU 2020-02, Financial Instruments—Credit Losses (Topic 326) and Leases (Topic 842)—Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 119 and Update to SEC Section on Effective Date Related to Accounting Standards Update No. 2016-02, Leases (Topic 842) (SEC Update). This is an amendment to add the SEC Staff guidance on CECL) to the FASB codification. It contains guidance on what the SEC would expect the Company to perform and document when measuring and recording its allowance for credit losses for financial assets recorded at amortized cost. The Company implemented CECL on January 1, 2022. Upon adoption of CECL, the Company recorded a $2.1 million transition adjustment for the allowance for credit losses through retained earnings.

In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848), Facilitation of the Effects of Reference Rate Reform on Financial Reporting, which provides temporary optional expedients to ease the financial reporting burdens of the expected market transition from London Interbank Offered Rate (“LIBOR”) to an alternative reference rate such as Secured Overnight Financing Rate (“SOFR”). This pronouncement is applicable to all companies with contracts or hedging relationships that reference an interest rate that is expected to be discontinued. The ASU provides companies with optional guidance to ease the potential accounting burden associated with transitioning away from reference rates that are expected to be discontinued. Companies can apply the ASU immediately. However, the guidance will only be available for a limited time. The optional relief generally does not apply to contract modifications made, sales and transfers of HTM debt securities, and hedging relationships entered into or evaluated after December 31, 2022. The guidance was effective upon issuance and generally can be applied through December 31, 2022. In December 2022, the FASB issued 2022-06, Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848, to defer the sunset date of Topic 848 from December 31, 2022 to December 31, 2024, after which entities will no longer be permitted to apply the relief in Topic 848. The LIBOR termination date was June 30, 2023. The Company converted all loans indexed under LIBOR to CME Term SOFR with relevant spread adjustment as the alternative reference rate beginning on and after July 3, 2023. No LIBOR indexed loans are being originated. The Company has several issuances of LIBOR based long-term debt and subordinated debentures. Refer to Notes 9 and 10 of the Company’s consolidated financial statements included in this Annual Report.

In October 2021, the FASB issued ASU 2021-08, Accounting for Contract Assets and Contract Liabilities, to require an acquirer to recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with revenue recognition guidance as if the acquirer had originated the contract. That is, such acquired contracts will not be measured at fair value. The Update is effective for public companies in fiscal years starting after December 15, 2022. The Company adopted ASU 2021-08 on January 1, 2023 and the adoption did not have a material impact on the Company's consolidated financial statements.

In March 2022, the FASB issued ASU 2022-02, Financial Instruments-Credit Losses (Topic 326). The standard addresses the following: 1) eliminates the accounting guidance for TDRs, and will require an entity to determine whether a modification results in a new loan or a continuation of an existing loan, 2) expands disclosures related to modifications, and 3) will require disclosure of current period gross write-offs of financing receivables within the vintage disclosures table. The amendments in this ASU are effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years and are applied prospectively, except with respect to the recognition and measurement of TDRs, where an entity has the option to apply a modified retrospective transition method. Early adoption of the amendments in this ASU is permitted. An entity may elect to early adopt the amendments regarding TDRs and related disclosure enhancements separately from the amendments related to vintage disclosures. The Company adopted ASU 2022-02 on January 1, 2023 and see Note 5 for the disclosure impact.

Recently Issued; Not Yet Effective

In June 2022, the FASB issued ASU 2022-03, Fair Value Measurement (Topic 820)—Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions. This pronouncement clarifies that a contractual restriction on the sale of an equity security is not considered part of the unit of account of the equity security and, therefore, is not considered in measuring fair value. ASU 2022-03 also clarifies that an entity cannot, as a separate unit of account, recognize and measure a contractual sale restriction and requires certain new disclosures for equity securities subject to contractual sale restrictions. ASU 2022-03 will be effective for the Company on January 1, 2024. Adoption of ASU 2022-03 is not expected to have a material impact on the Company’s consolidated financial statements.

In March 2023, the FASB issued ASU 2023-02, Investments - Equity Method and Joint Ventures (Topic 323). This Update permits reporting entities to elect to account for their tax equity investments using the proportional amortization method if certain conditions are met. It requires that a liability be recognized for delayed equity contributions that are unconditional and legally binding or for equity contributions that are contingent upon a future event when that contingent event becomes probable. The reporting entity needs to disclose the nature of its tax equity investments and the effect of its tax equity investments on its financial position and results of operations. ASU 2023-02 will be effective for the Company in fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Adoption of ASU 2023-02 is not expected to have a material impact on the Company's consolidated financial statements.

In October 2023, the FASB issued ASU 2023-06, Disclosure Improvements. This pronouncement amends the FASB Accounting Standards Codification to reflect updates and simplifications to certain disclosure requirements referred to the FASB by the SEC in 2018, including disclosures for the statement of cash flows, earnings per share, commitments, debt and equity instruments, and certain industry information, among other things. Each amendment is effective when the related disclosure is effectively removed from Regulations S-X or S-K; early adoption is prohibited. All amendments should be applied prospectively. If the SEC has not removed the applicable requirement from Regulation S-X or Regulation S-K by June 30, 2027, the pending amendments will be removed and will not become effective for any entity.

In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740) - Improvements to Income Tax Disclosures. This Update enhances the transparency and decision usefulness of income tax disclosures. The amendments in this Update require the following: 1) consistent categories and greater disaggregation of information in the rate reconciliation, and 2) income taxes paid disaggregated by jurisdiction. The amendments in the ASU are effective for annual periods beginning after December 15, 2024. Early adoption is permitted for annual financial statements that have not yet been issued or made available for issuance. The amendments in this Update should be applied on a prospective basis. Retrospective application is permitted. Adoption of ASU 2023-09 is not expected to have a material impact on the Company's consolidated financial statements.

Note 6 - Loan Servicing - Schedule of Amortization of Mortgage Servicing Rights Netted Against Loan Servicing Fee Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Mortgages [Member]
Beginning of period	$ 7,354	$ 8,748	$ 10,529
Additions	176	532	1,920
Disposals	(329)	(794)	(2,129)
Amortized to expense	(692)	(1,132)	(1,989)
Impairment reversal	0	0	417
End of period	6,509	7,354	8,748
Small Business Administration Loans [Member]
Beginning of period	2,167	2,769	3,436
Additions	58	239	441
Disposals	(344)	(478)	(646)
Amortized to expense	(280)	(363)	(462)
Impairment reversal	0	0	0
End of period	$ 1,601	$ 2,167	$ 2,769

Note 1 - Business Description

12 Months Ended

Dec. 31, 2023

Nature of Operations [Text Block]

NOTE 1 - BUSINESS DESCRIPTION

RBB Bancorp is a bank holding company registered under the Bank Holding Company Act of 1956, as amended. RBB Bancorp’s principal business is to serve as the holding company for its wholly owned banking subsidiaries, Royal Business Bank (“Bank”) and RBB Asset Management Company (“RAM”), collectively referred to herein as “the Company.” RBB Bancorp was formed in January 2011 as a bank holding company and RAM was formed in 2012 to hold and manage problem assets acquired in business combinations. When we refer to “we”, “us”, “our”, or the “Company”, we are referring to RBB Bancorp and its consolidated subsidiaries including the Bank, collectively. When we refer to the “parent company”, “Bancorp”, or the “holding company”, we are referring to RBB Bancorp, the parent company, on a stand-along basis.

At December 31, 2023, the Company had total assets of $4.0 billion, gross consolidated loans (held for investment and held for sale) of $3.0 billion, total deposits of $3.2 billion and total shareholders' equity of $511.3 million.

The Bank provides business-banking products and services predominantly to the Asian-American communities through full service branches located in Los Angeles County, Orange County and Ventura County in California, in the Las Vegas, Nevada and New York City metropolitan areas, Chicago (Illinois), Edison (New Jersey) and Honolulu (Hawaii). The products and services include commercial and investor real estate loans, business loans and lines of credit, Small Business Administration (“SBA”) 7A and 504 loans, mortgage loans, trade finance and a full range of depository accounts, including specialized services such as remote deposit, E-banking, and mobile banking. The Bank acquired the Honolulu, Hawaii branch (the “Hawaii Branch”) from Bank of the Orient (“BOTO”) on January 14, 2022.

The Company operates full-service banking offices in Arcadia, Cerritos, Diamond Bar, Irvine, Los Angeles, Monterey Park, Oxnard, Rowland Heights, San Gabriel, Silver Lake, Torrance, and Westlake Village, California; Las Vegas, Nevada; Manhattan, Brooklyn, Flushing and Elmhurst, New York; the Chinatown and Bridgeport neighborhoods of Chicago, Illinois; Edison, New Jersey; and Honolulu, Hawaii. The Company's primary source of revenue is providing loans to customers, who are predominately small and middle-market businesses and individuals.

The Company generates its revenue primarily from interest received on loans and leases and, to a lesser extent, from interest received on investment securities. The Company also derives income from noninterest sources, such as fees received in connection with various lending and deposit services, loan servicing, gain on sales of loans and wealth management services. The Company’s principle expenses include interest expense on deposits and other long-term debt, and operating expenses, such as salaries and employee benefits, occupancy and equipment, data processing, and income tax expense.

The Company completed six whole bank acquisitions and one branch acquisition from July 2011 through January 2022. All of the Company’s acquisitions have been accounted for using the acquisition method of accounting and, accordingly, the operating results of the acquired entities have been included in the consolidated financial statements from their respective acquisition dates. The Company previously disclosed that, on December 28, 2021, it entered into a definitive agreement to acquire Gateway Bank F.S.B. (“Gateway”) in an all cash transaction, subject to certain terms and conditions. On September 28, 2023, the Company announced that it and Gateway have mutually agreed to terminate the definitive agreement, effective as of September 28, 2023. Neither party has or will have any liability or pay any penalty to the other party as a result of the termination, and each party has released the other from any and all claims related to the definitive agreement or the transactions contemplated by the definitive agreement.

Note 16 - Stock Option Plan - Summary of Awards Pursuant to Stock Option Plans (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Beginning Balance, Shares (in shares)	454,610
Outstanding at beginning of year (in dollars per share)	$ 16.97
Granted, Shares (in shares)	30,000
Granted, Weighted Average Exercise Price (in dollars per share)	$ 19.87
Exercised, Shares (in shares)	(19,403)	(445,308)	(302,744)
Exercised, Weighted Average Exercise Price (in dollars per share)	$ 15.18
Forfeited/cancelled, Shares (in shares)	(67,304)
Forfeited/cancelled, Weighted Average Exercise Price (in dollars per share)	$ 15.04
Balance, Shares (in shares)	397,903	454,610
Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 17.61	$ 16.97
Outstanding at end of period, weighted average remaining contractual term (Year)	3 years 10 months 9 days
Outstanding at end of period, aggregate intrinsic value	$ 703
Options exercisable, Shares (in shares)	332,232
Options exercisable, Weighted Average Exercise Price (in dollars per share)	$ 17.26
Options exercisable, Weighted Average Remaining Contractual Term (Year)	3 years 18 days
Options exercisable, Aggregate Intrinsic Value	$ 657

Note 3 - Acquisitions

12 Months Ended

Dec. 31, 2023

Business Combination Disclosure [Text Block]

NOTE 3 – ACQUISITIONS

Completion of Acquisition of Certain Assets and Liabilities of the Honolulu, Hawaii Branch Office of Bank of the Orient

On January 14, 2022, the Company completed the acquisition of the Hawaii Branch from BOTO. The assets and liabilities, both tangible and intangible, were recorded at their estimated fair values as of January 14, 2022. The total fair value of assets acquired approximated $8.5 million, which included $312,000 in cash and cash equivalents, $7.4 million in selected performing loans, $729,000 in core deposit intangible assets and $64,000 in other assets. The total fair value of liabilities assumed was $81.8 million, which included $81.7 million in deposits, $27,000 in certificate of deposit premium, and $90,000 in other liabilities. The Bank received $71.0 million in cash in connection with the acquisition, which represented consideration for the deposits assumed by the Bank, partially offset by the purchase price of the assets acquired and the premium paid.

The Company acquired Hawaii Branch from BOTO to strategically establish a presence in the Hawaiian Islands area. Goodwill in the amount of $2.3 million and core deposit intangible of $729,000 was recognized in connection with this acquisition. Goodwill represents the future economic benefits arising from net assets acquired that are not individually identified and separately recognized and is attributable to synergies expected to be derived from the combination of the two entities. Goodwill is not deductible for income tax purposes.

The following table represents the assets acquired and liabilities assumed from the Hawaii Branch as of January 14, 2022 and the fair value adjustments and amounts recorded by the Company under the acquisition method of accounting:

	*BOTO*			*Fair Value*			*Fair*
*(dollars in thousands)*	*Book Value*			*Adjustments*			*Value*
Assets acquired
Cash and cash equivalents	$	312		$	—		$	312
Loans, gross		7,352			38			7,390
Bank premises and equipment		12			—			12
Core deposit intangible		—			729			729
Other assets		412			(360	)		52
Total assets acquired	$	8,088		$	407		$	8,495

Liabilities assumed
Deposits	$	81,673		$	27		$	81,700
Escrow Payable		2			—			2
Other liabilities		460			(372	)		88
Total liabilities assumed		82,135			(345	)		81,790
Excess of assets acquired over liabilities assumed		(74,047	)		752			(73,295	)
	$	8,088		$	407
Cash received								71,040
Goodwill recognized							$	2,255

The Company accounted for this transaction under the acquisition method of accounting in accordance with ASC 805, Business Combinations, which requires purchased assets and liabilities assumed to be recorded at their respective fair values at the date of acquisition.

The loan portfolio of the Hawaii branch was recorded at fair value at the date of acquisition with the assistance of a third-party valuation. A valuation of the loan portfolio was performed as of the acquisition date to assess the fair value of the loan portfolio. The loan portfolio was segmented into two groups; loans with credit deterioration and loans without credit deterioration, and then split further by loan type. There were no loans acquired with credit deterioration. The fair value was calculated on an individual loan basis using a DCF analysis. The discount rate utilized was based on a weighted average cost of capital, considering the cost of equity and cost of debt. Also factored into the fair value estimates were loss rates, recovery period and prepayment rates based on industry standards.

The Company also determined the fair value of the core deposit intangible, premises and equipment and deposits with the assistance of third-party valuations.

The core deposit intangible on non-maturing deposits was determined by evaluating the underlying characteristics of the deposit relationships, including customer attrition, deposit interest rates, service charge income, overhead expense and costs of alternative funding. Since the fair value of intangible assets are calculated as if they were stand-alone assets, the presumption is that a hypothetical buyer of the intangible asset would be able to take advantage of potential tax benefits resulting from the asset purchase. The value of the benefit is the present value over the period of the tax benefit, using the discount rate applicable to the asset.

In determining the fair value of certificates of deposit, a DCF analysis was used, which involved present valuing the contractual payments over the remaining life of the certificates of deposit at market-based interest rates.

Third-party acquisition related expenses are recognized as incurred and continue until the acquired system is converted and operational functions become fully integrated.

Note 19 - Earnings Per Share ("EPS") - Reconciliation of Net Income and Shares Outstanding to Income and Number of Shares Used to Compute EPS (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Net income as reported, income	$ 42,465	$ 64,327	$ 56,906
Less: Earnings allocated to participating securities, income	$ 0	$ (34)	$ (192)
Shares outstanding, shares (in shares)	18,609,179	18,965,776	19,455,544
Impact of weighting shares, shares (in shares)	356,167	133,733	(31,995)
Used in basic EPS, income	$ 42,465	$ 64,293	$ 56,714
Used in basic EPS, shares (in shares)	18,965,346	19,099,509	19,423,549
Used in dilutive EPS, income	$ 42,465	$ 64,293	$ 56,714
Used in dilutive EPS, shares (in shares)	18,985,233	19,332,639	19,834,306
Basic earnings per common share, income (in dollars per share)	$ 2.24	$ 3.37	$ 2.92
Diluted earnings per common share, income (in dollars per share)	$ 2.24	$ 3.33	$ 2.86
Share-Based Payment Arrangement, Option [Member]
Dilutive shares (in shares)	15,322	211,477	410,757
Restricted Stock Units (RSUs) [Member]
Dilutive shares (in shares)	4,565	21,653	0

Note 18 - Fair Value Measurements and Fair Value of Financial Instruments (Details Textual)			12 Months Ended
	Nov. 10, 2023 USD ($)	Sep. 01, 2023 USD ($)	Dec. 31, 2023 USD ($) $ / item	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Financing Receivables, Collateral Dependent, Write-down			$ 521,000
Other Real Estate, Disposals	$ 284,000	$ 293,000
Gains (Losses) on Sales of Other Real Estate	$ (57,000)	$ 190,000	134,000	$ (0)	$ (0)
Write Down on Other Real Estate Owned			$ 0	0
Minimum [Member] \| Interest Rate Lock Contracts and Forward Mortgage Loan Sale Contracts [Member]
Derivative, Buy Price (in USD per Per Share) \| $ / item			99.5
Derivative, Sale Price (in USD per Per Share) \| $ / item			102
Maximum [Member] \| Interest Rate Lock Contracts and Forward Mortgage Loan Sale Contracts [Member]
Derivative, Buy Price (in USD per Per Share) \| $ / item			100.3
Derivative, Sale Price (in USD per Per Share) \| $ / item			104
Single-Family Residences [Member]
Assets, Fair Value Disclosure			$ 0	$ 577,000
Measurement Input, Selling Costs [Member]
Collateral Dependent Loans, Measurement Input			0.10
Measurement Input, Comparability Adjustment [Member] \| Other Real Estate Owned [Member] \| Minimum [Member]
Alternative Investment, Measurement Input			0.05
Measurement Input, Comparability Adjustment [Member] \| Other Real Estate Owned [Member] \| Maximum [Member]
Alternative Investment, Measurement Input			0.06
Measurement Input, Margin Cost Rate [Member] \| Minimum [Member] \| Interest Rate Lock Contracts and Forward Mortgage Loan Sale Contracts [Member] \| Fair Value, Inputs, Level 3 [Member]
Derivative Asset, Measurement Input			0.005
Measurement Input, Margin Cost Rate [Member] \| Maximum [Member] \| Interest Rate Lock Contracts and Forward Mortgage Loan Sale Contracts [Member] \| Fair Value, Inputs, Level 3 [Member]
Derivative Asset, Measurement Input			1
Collateral Pledged [Member]
Loans Receivable, Fair Value Disclosure			$ 11,400,000

Note 18 - Fair Value Measurements and Fair Value of Financial Instruments

12 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Text Block]

NOTE 18 - FAIR VALUE MEASUREMENTS AND FAIR VALUE OF FINANCIAL INSTRUMENTS

In accordance with accounting guidance, the Company groups its financial assets and financial liabilities measured at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are described as follows:

Level 1 - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.

Level 2 - Inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These might include quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (such as interest rates, prepayment speeds, volatilities, etc.) or model-based valuation techniques where all significant assumptions are observable, either directly or indirectly, in the market.

Level 3 - Valuation is generated from model-based techniques where one or more significant inputs are not observable, either directly or indirectly, in the market. These unobservable assumptions reflect the Company’s own estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques may include use of matrix pricing, DCF models, and similar techniques.

The following is a description of valuation methodologies used for assets and liabilities recorded at fair value:

Securities: The fair values of securities available for sale are determined by obtaining quoted prices on nationally recognized securities exchanges (Level 1) or matrix pricing, which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted prices for specific securities but rather by relying on the securities' relationship to other benchmark quoted securities (Level 2).

Other Real Estate Owned: Nonrecurring adjustments to certain commercial and residential real estate properties classified as other real estate owned are measured at the lower of carrying amount or fair value, less costs to sell. In cases where the carrying amount exceeds the fair value, less costs to sell, an impairment loss is recognized. Fair values are generally based on third party appraisals of the property which are commonly adjusted by management to reflect an expectation of the amount to be ultimately collected and selling costs (Level 3).

Appraisals for other real estate owned are performed by state licensed appraisers (for commercial properties) or state certified appraisers (for residential properties) whose qualifications and licenses have been reviewed and verified by the Company. When a Notice of Default is recorded, an appraisal report is ordered. Once received, a member of the credit administration department reviews the assumptions and approaches utilized in the appraisal as well as the overall resulting fair value in comparison to independent data sources such as recent market data or industry wide-statistics for residential appraisals. Commercial appraisals are sent to an independent third party to review. The Company also compares the actual selling price of collateral that has been sold to the most recent appraised value to determine what additional adjustments, if any, should be made to the appraisal values on any remaining other real estate owned to arrive at fair value. If the existing appraisal is older than twelve months, a new appraisal report is ordered. No significant adjustments to appraised values have been made as a result of this comparison process as of December 31, 2023.

Interest Rate Lock Contracts and Forward Mortgage Loan Sale Contracts: The fair values of interest rate lock contracts and forward mortgage loan sale contracts are determined by loan lock-in rate, loan funded rate, market interest rate, fees to be collected from the borrower, fees and costs associated with the origination of the loan, expiration timing, sale price, and the value of the retained servicing. The company classified these derivatives as level 3 due to management’s estimate of market rate, cost and expiration timing on these contracts.

Collateral-dependent individually evaluated loans: Collateral-dependent individually evaluated loans are carried at fair value when it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the original loan agreement and the loan has been written down to the fair value of its underlying collateral, net of expected disposition costs where applicable.

The following table provides the hierarchy and fair value for each major category of assets and liabilities measured at fair value at December 31, 2023 and 2022:

*(dollars in thousands)*	*Fair Value Measurements Using:*
December 31, 2023	*Level 1*		*Level 2*		*Level 3*		*Total*
Assets measured at fair value:
On a recurring basis:
Securities available for sale
Government agency securities	$	—	$	8,161	$	—	$	8,161
SBA agency securities		—		13,217		—		13,217
Mortgage-backed securities		—		34,652		—		34,652
Collateralized mortgage obligations		—		149,626		—		149,626
Commercial paper		—		73,105		—		73,105
Corporate debt securities		—		30,691		—		30,691
Municipal securities		—		9,509		—		9,509
Interest Rate Lock Contracts		—		—		32		32
Forward Mortgage Loan Sale Contracts		—		—		14		14
	$	—	$	318,961	$	46	$	319,007
On a non-recurring basis:
Commercial real estate loans - collateral-dependent impaired loans	$	—	$	—	$	10,209	$	10,209
SBA loans - collateral-dependent impaired loans		—		—		1,148		1,148
	$	—	$	—	$	11,357	$	11,357

December 31, 2022	*Level 1*		*Level 2*		*Level 3*		*Total*
Assets measured at fair value:
On a recurring basis:
Securities available for sale
Government agency securities	$	—	$	4,495	$	—	$	4,495
SBA agency securities		—		2,411		—		2,411
Mortgage-backed securities		—		42,928		—		42,928
Collateralized mortgage obligations		—		111,593		—		111,593
Commercial paper		—		49,537		—		49,537
Corporate debt securities		—		37,012		—		37,012
Municipal securities		—		8,854		—		8,854
Forward Mortgage Loan Sale Contracts		—		—		18		18
	$	—	$	256,830	$	18	$	256,848
On a non-recurring basis:
Other real estate owned	$	—	$	—	$	577	$	577

There was a $521,000 write-down on collateral-dependent loans that were individually evaluated to the fair value of $11.4 million as of December 31, 2023. There was no collateral-dependent loan that was individually evaluated and written down to the fair value as of December 31, 2022. Collateral-dependent individually evaluated loans were evaluated by third party appraisals with unobservable input of management adjustment of 10% to reflect selling costs.

Quantitative information about the Company's OREO non-recurring Level 3 fair value measurements as of December 31, 2023 and 2022 is as follows:

There was no OREO as of December 31, 2023 and there were two single-family residences with a fair value of $577,000 as of December 31, 2022. During 2023, the Company sold one of the properties with a book value of $293,000 for a gain of $190,000 and the other property with a book value of $284,000 was sold for a loss of $57,000. OREO was evaluated by third party appraisals with unobservable input of management adjustment in the range of 5%-6% to reflect current conditions and selling costs.

No write-downs to OREO were recorded in 2023 or 2022.

The fair value measurement of IRLCs and FMLSCs were primarily based on the buy price from borrowers ranging from 99.5 to 100.3, the sale price to Fannie Mae ranging from 102 to 104, and the significant unobservable inputs using margin cost rate of ranging from 0.50% to 1.00%.

The fair value of a financial instrument is the amount at which the asset or obligation could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale. Fair value estimates are made at a specific point in time based on relevant market information and information about the financial instrument. These estimates do not reflect any premium or discount that could result from offering for sale at one time the entire holdings of a particular financial instrument. Because no market value exists for a significant portion of the financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments, and other factors. These estimates are subjective in nature, involve uncertainties and matters of judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates.

Fair value estimates are based on financial instruments both on and off the balance sheet without attempting to estimate the value of anticipated future business and the value of assets and liabilities that are not considered financial instruments. Additionally, tax consequences related to the realization of the unrealized gains and losses can have a potential effect on fair value estimates and have not been considered in many of the estimates.

Because no market exists for a significant portion of the Company’s financial instruments, fair value estimates are based on judgments regarding current economic conditions, risk characteristics of various financial instruments, and other factors. These estimates are subjective in nature, and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions could significantly affect the fair values presented. Management uses its best judgment in estimating the fair value of the Company’s financial instruments; however, there are inherent limitations in any estimation technique.

A financial instrument’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. Management maximizes the use of observable inputs and attempts to minimize the use of unobservable inputs when determining fair value measurements. Estimated fair values are disclosed for financial instruments for which it is practicable to estimate fair value. These estimates are made at a specific point in time based on relevant market data and information about the financial instruments. These estimates do not reflect any premium or discount that could result from offering the Company’s entire holdings of a particular financial instrument for sale at one time, nor do they attempt to estimate the value of anticipated future business related to the instruments. In addition, the tax ramifications related to the realization of unrealized gains and losses can have a significant effect on fair value estimates and have not been considered in any of these estimates.

The following methods and assumptions were used to estimate the fair value of significant financial instruments not previously presented:

Cash and Due From Banks -- The carrying amounts of cash and short-term instruments approximate fair values, a Level 1 measurement.

Time Deposits in Other Banks -- Fair values for time deposits with other banks are estimated using DCF analyses, using interest rates currently being offered with similar terms, a Level 1 measurement.

Investment securities available for sale and held to maturity -- Fair values are measured by using quoted market prices for similar securities or dealer quotes, a Level 2 measurement.

Mortgage Loans Held for Sale -- The Company records mortgage loans held for sale at fair value based on the net premium received on recent sales of mortgage loans for identical pools of loans, a Level 2 measurement.

Loans -- For variable rate loans that reprice frequently and with no significant change in credit risk, fair values are based on carrying amounts. The fair values for all other loans are estimated using DCF analyses, using interest rates currently being offered for loans with similar terms to borrowers with similar credit quality. In accordance with the prospective adoption of ASU 2016-01, the fair value of loans as of December 31, 2023, and 2022 was measured using an exit price notion, a Level 3 measurement.

Equity Securities -- The fair values of the Company’s equity securities are measured based on unobservable inputs at the reporting date, a Level 3 measurement. Equity securities are comprised of affordable housing investment funds and other restricted stocks.

Servicing Rights -- Mortgage and SBA servicing rights are calculated by discounting scheduled cash flows through the estimated maturity using estimated market discount rates that reflect the credit and interest rate risk inherent in the loan, a Level 3 measurement.

Accrued Interest Receivable -- Accrued interest receivable includes accrued interest on investment securities (Level 2), accrued interest on loans (Level 3), accrued interest on due from banks (Level 1), and accrued interest on equity securities (Level 3).

Off-Balance Sheet Financial Instruments -- The fair value of commitments to extend credit and standby letters of credit, interest rate lock commitments and forward mortgage loan sales contracts is estimated using the fees currently charged to enter into similar agreements. Unobservable inputs that reflect the Company's own assumptions about the assumptions that market participants would use in pricing an asset or liability result in a Level 3 measurement.

Deposits -- The fair values disclosed for demand deposits, including interest and non-interest demand accounts, savings, and certain types of money market accounts are, by definition based on carrying value. Fair value for fixed-rate certificates of deposit is estimated using a discounted cash flow calculation that applies interest rates currently being offered on certificates to a schedule of aggregate expected monthly maturities on time deposits, a Level 2 measurement. Early withdrawal of fixed-rate certificates of deposit is not expected to be significant.

FHLB Advances -- The fair values of the Company’s FHLB Advances are calculated by discounting scheduled cash flows through the estimated maturity using estimated market discount rates that reflect the credit and interest rate risk, a Level 3 measurement.

Long-Term Debt -- The fair values of the Company’s long-term borrowings are calculated by discounting scheduled cash flows through the estimated maturity using estimated market discount rates that reflect the credit and interest rate risk, a Level 3 measurement.

Subordinated Debentures -- The fair values of the Company’s subordinated debentures are calculated by discounting scheduled cash flows through the estimated maturity using estimated market discount rates that reflect the credit and interest rate risk, a Level 3 measurement.

Fair value is estimated in accordance with ASC Topic 825. Fair value estimates are made at specific points in time, based on relevant market information and information about the financial instrument. These estimates do not reflect any premium or discount that could result from offering for sale at one time the Bank’s entire holdings of a particular financial instrument. Because no market exists for a significant portion of the Bank’s financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments, and other factors. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions could significantly affect the estimates.

The fair value hierarchy level and estimated fair value of significant financial instruments at December 31, 2023 and 2022 are summarized as follows:


		*December 31, 2023*				*December 31, 2022*
	*Fair Value*	*Carrying*		*Fair*		*Carrying*		*Fair*
*(dollars in thousands)*	*Hierarchy*	*Value*		*Value*		*Value*		*Value*
Financial Assets:
Cash and due from banks	Level 1	$	431,373	$	431,373	$	83,548	$	83,548
Interest-earning deposits in other financial institutions	Level 1		600		600		600		600
Investment securities - AFS	Level 2		318,961		318,961		256,830		256,830
Investment securities - HTM	Level 2		5,209		5,097		5,729		5,563
Mortgage loans held for sale	Level 2		1,911		1,845		—		—
Loans, net	Level 3		2,989,958		2,918,296		3,295,373		3,251,464
Equity securities ⁽¹⁾	Level 3		22,251		22,251		22,238		22,238
Servicing assets	Level 3		8,110		14,883		9,521		21,712
Accrued interest receivable ⁽¹⁾	Level 1/2/3		13,743		13,743		14,536		14,536

		*Notional*		*Fair*		*Notional*		*Fair*
Derivative assets:		*Value*		*Value*		*Value*		*Value*
Interest Rate Lock Contracts ⁽¹⁾	Level 3	$	1,255	$	32	$	—	$	—
Forward Mortgage Loan Sale Contracts ⁽¹⁾	Level 3		1,104		14		1,179		18

		*Carrying*		*Fair*		*Carrying*		*Fair*
Financial Liabilities:		*Value*		*Value*		*Value*		*Value*
Deposits	Level 2	$	3,174,760	$	3,181,495	$	2,977,683	$	2,960,529
FHLB advances	Level 3		150,000		144,891		220,000		210,470
Long-term debt	Level 3		119,147		83,864		173,585		132,709
Subordinated debentures	Level 3		14,938		14,566		14,720		14,195
Accrued interest payable	Level 2/3		11,671		11,671		3,711		3,711

(1) Included in “Accrued interest and other assets” on the consolidated balance sheets.

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

Insider Trading Arrangements	3 Months Ended	12 Months Ended
Insider Trading Arrangements	Dec. 31, 2023	Dec. 31, 2023
Insider Trading Arr Line Items
Material Terms of Trading Arrangement [Text Block]		*Item 9B.* Other Information.** Rule 10b5-1 Trading Plans During the quarter ended December 31, 2023, no officer or director of the Company adopted or terminated any contract, instruction, or written plan for the purchase or sale of securities of the Company’s common stock that is intended to satisfy the affirmative defense conditions of Exchange Act Rule 10b5-1(c) or any non-Rule 10b5-1 trading arrangement as defined in 17 CFR § 229.408(c).
Rule 10b5-1 Arrangement Adopted [Flag]	false
Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false

Note 24 - Subsequent Events (Details Textual) - $ / shares		12 Months Ended
	Jan. 18, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Feb. 29, 2024	Apr. 22, 2021
Common Stock, Dividends, Per Share, Declared (in dollars per share)		$ 0.64	$ 0.56	$ 0.51
Stock Repurchase Program, Number of Shares Authorized to be Repurchased (in shares)						500,000
Subsequent Event [Member]
Common Stock, Dividends, Per Share, Declared (in dollars per share)	$ 0.16
Stock Repurchase Program, Number of Shares Authorized to be Repurchased (in shares)					1,000,000
Dividends Payable, Date Declared	Jan. 18, 2024
Dividends Payable, Date to be Paid	Feb. 09, 2024
Dividends Payable, Date of Record	Jan. 31, 2024

Note 8 - Deposits - Schedule of Maturities of Time Deposits (Details) $ in Thousands	Dec. 31, 2023 USD ($)
One year, 250,000 and under	$ 1,994,517
Two to three years, 250,000 and under	6,689
Over three years, 250,000 and under	1,204
Total, 250,000 and under	$ 2,002,410

Note 15 - Related Party Transactions (Details Textual) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Loans and Leases Receivable, Related Parties	$ 0	$ 6,869	$ 8,441
Executive Officers, Directors and their Related Interests [Member]
Unfunded Loan Commitments, Available To Related Parties	0	1,600
Principal Officers, Directors and their Affiliates [Member]
Related Party Deposit Liabilities	25,700	88,100
Directors and Their Affiliates [Member]
Loans and Leases Receivable, Related Parties	$ 6,000	$ 8,100

Note 10 - Subordinated Debentures (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of Subordinated Debentures [Table Text Block]

	Issue	Principal		Unamortized		Recorded		Stated Rate	December 31, 2023			Stated
(dollars in thousands)	Date	Amount		Valuation Reserve		Value		Description	Effective Rate			Maturity
Subordinated debentures
TFC Trust	December 22, 2006	$	5,155	$	1,189	$	3,966	Three-month CME Term SOFR plus 0.26% (a) plus 1.65%,		7.30	%	March 15, 2037
FAIC Trust	December 15, 2004		7,217		842		6,375	Three-month CME Term SOFR 0.26% (a) plus 2.25%		7.90	%	December 15, 2034
PGBH Trust	December 15, 2004		5,155		558		4,597	Three-month CME Term SOFR 0.26% (a) plus 2.10%		7.75	%	December 15, 2034
Total		$	17,527	$	2,589	$	14,938

Note 9 - Long-term Debt

12 Months Ended

Dec. 31, 2023

Long-Term Debt [Text Block]

NOTE 9 - LONG-TERM DEBT

In November 2018, the Company issued $55.0 million of 6.18% fixed-to-floating rate subordinated notes, with a December 1, 2028 maturity date (the “2028 Subordinated Notes”). The interest rate was fixed through December 1, 2023 and was scheduled to float at three-month CME Term SOFR plus applicable tenor spread adjustment of 26 basis points plus 315 basis points thereafter. On December 1, 2023, the Company redeemed the 2028 Subordinated Notes at a redemption price equal to 100% of the principal amount plus accrued and unpaid interest.

In March 2021, the Company issued $120.0 million of 4.00% fixed-to-floating rate subordinated notes, with an April 1, 2031 maturity date (the “2031 Subordinated Notes”). The interest rate is fixed through April 1, 2026 and is scheduled to float at three-month SOFR plus 329 basis points thereafter. The Company can redeem the 2031 Subordinated Notes beginning April 1, 2026. The 2031 Subordinated Notes are considered Tier 2 capital at the Company.

Long-term debt and unamortized debt issuance costs were as follows as of the dates indicated:

	At December 31, 2023				At December 31, 2022
*(dollars in thousands)*	Principal		Unamortized debt issuance costs		Principal		Unamortized debt issuance costs
2028 Subordinated Notes	$	—	$	—	$	55,000	$	180
2031 Subordinated Notes		120,000		853		120,000		1,235
Total	$	120,000	$	853	$	175,000	$	1,415

The following table presents interest and amortization expense the Company incurred for the years ended December 31, 2023 and 2022:

	*For the Year Ended December 31,*
*(dollars in thousands)*	*2023*		*2022*
Interest Expense:
Interest	$	7,916	$	8,199
Amortization		562		578

Note 22 - Parent Only Condensed Financial Information - Condensed Statements of Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Interest expense	$ 101,862	$ 31,416	$ 22,720
Noninterest expense	70,696	64,526	58,192
Income before income taxes	60,246	91,345	80,937
Income tax expense	17,781	27,018	24,031
Net income	42,465	64,327	56,906
Parent Company [Member]
Dividend from subsidiaries	85,000	0	25,000
Interest (reversal)/income	(41)	52	0
Interest expense	9,951	9,645	8,999
Noninterest expense	1,897	2,056	1,452
Income/(loss) before equity in undistributed income of subsidiaries	73,111	(11,649)	14,549
Income before income taxes	38,829	60,748	53,717
Income tax expense	3,636	3,579	3,189
Net income	42,465	64,327	56,906
Other comprehensive income/(loss)	2,153	(20,009)	(2,785)
Total comprehensive income	44,618	44,318	54,121
Parent Company [Member] \| Royal Business Bank [Member]
Equity in undistributed income	(34,477)	72,340	39,109
Parent Company [Member] \| Royal Asset Management [Member]
Equity in undistributed income	$ 195	$ 57	$ 59

Note 12 - Income Taxes - Comparison of Federal Statutory Income Tax Rates to Effective Income Tax Rates (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statutory federal tax, amount	$ 12,652	$ 19,182	$ 16,997
Statutory federal tax, rate	21.00%	21.00%	21.00%
State tax, net of federal benefit	$ 5,181	$ 8,278	$ 7,182
State tax, net of federal benefit, rate	8.60%	9.10%	8.90%
Tax-exempt income, amount	$ (399)	$ (355)	$ (285)
Tax-exempt income, rate	(0.70%)	(0.40%)	(0.40%)
Stock-based compensation, amount	$ 54	$ (396)	$ (404)
Stock-based compensation, rate	0.10%	(0.40%)	0.50%
Stock-based compensation, rate	(0.10%)	0.40%	(0.50%)
Other items, net, amount	$ 293	$ 309	$ 541
Other items, net, rate	0.50%	0.30%	0.70%
Total income tax expense	$ 17,781	$ 27,018	$ 24,031
Total income tax expense	29.50%	29.60%	29.70%

Note 9 - Long-term Debt (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of Long-Term Debt Instruments [Table Text Block]

	At December 31, 2023				At December 31, 2022
*(dollars in thousands)*	Principal		Unamortized debt issuance costs		Principal		Unamortized debt issuance costs
2028 Subordinated Notes	$	—	$	—	$	55,000	$	180
2031 Subordinated Notes		120,000		853		120,000		1,235
Total	$	120,000	$	853	$	175,000	$	1,415

Schedule of Interest and Amortizations Expense [Table Text Block]

	*For the Year Ended December 31,*
*(dollars in thousands)*	*2023*		*2022*
Interest Expense:
Interest	$	7,916	$	8,199
Amortization		562		578

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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Interest-earning deposits in other financial institutions

Note 3 - Acquisitions - Assets Acquired and Liabilities Assumed, and Fair Value Adjustments (Details) $ in Thousands	Jan. 14, 2022 USD ($)
Cash and cash equivalents	$ 312
Loans, gross	7,390
Bank premises and equipment	(12)
Core deposit intangible	729
Other assets	52
Total assets acquired	8,495
Deposits	81,700
Escrow Payable	2
Other liabilities	88
Total liabilities assumed	81,790
Excess of assets acquired over liabilities assumed	(73,295)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	2,255
Cash received	(71,040)
Reported Value Measurement [Member]
Cash and cash equivalents	312
Loans, gross	7,352
Bank premises and equipment	(12)
Core deposit intangible	0
Other assets	412
Total assets acquired	8,088
Deposits	81,673
Escrow Payable	2
Other liabilities	460
Total liabilities assumed	82,135
Excess of assets acquired over liabilities assumed	(74,047)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	8,088
Changes Measurement [Member]
Cash and cash equivalents	0
Loans, gross	38
Bank premises and equipment	(0)
Core deposit intangible	729
Other assets	(360)
Total assets acquired	407
Deposits	27
Escrow Payable	0
Other liabilities	(372)
Total liabilities assumed	(345)
Excess of assets acquired over liabilities assumed	752
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	$ 407

Note 7 - Premises and Equipment (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Depreciation and Leasehold Amortization, Excluding Intangibles Amortization	$ 2,000,000	$ 2,000,000	$ 1,900,000
Gain (Loss) on Disposition of Property Plant Equipment	$ 32,000	$ 757,000	$ 0

Consolidated Balance Sheets - USD ($)
$ in Thousands

Dec. 31, 2023

Dec. 31, 2022

Assets

Cash and due from banks

$ 431,373

$ 83,548

600

Securities:

Available for sale

318,961

256,830

Held to maturity (fair value of $5,097 and $5,563 at December 31, 2023 and December 31, 2022)

5,209

5,729

Mortgage loans held for sale

1,911

Loans held for investment

3,031,319

3,336,970

Unaccreted discount on acquired loans

(970)

(1,238)

Deferred loan costs, net

1,512

717

Total loans, net of deferred loan costs and unaccreted discounts on acquired loans

^[1]

3,031,861

3,336,449

Total loans held for investment, net

(41,903)

(41,076)

2,989,958

3,295,373

Premises and equipment, net

25,684

27,009

Federal Home Loan Bank (FHLB) stock

15,000

Cash surrender value of bank owned life insurance (BOLI)

15,765

16,977

58,719

57,310

Goodwill

71,498

Servicing assets

8,110

9,521

Core deposit intangibles

2,795

3,718

Right-of-use assets - operating leases

29,803

25,447

Accrued interest and other assets

50,639

50,498

Total assets

4,026,025

3,919,058

Deposits:

Noninterest-bearing demand

539,621

798,741

Savings, NOW and money market accounts

632,729

615,339

Time deposits $250,000 and under

1,190,821

837,369

Time deposits over $250,000

811,589

726,234

Total deposits

3,174,760

2,977,683

640

1,157

FHLB advances

150,000

220,000

Subordinated debentures (net of unamortized valuation reserve of $2,589 and $2,807 at December 31, 2023 and December 31, 2022)

119,147

173,585

14,938

14,720

Lease liabilities - operating leases

31,191

26,523

Accrued interest and other liabilities

24,089

20,827

Total liabilities

3,514,765

3,434,495

Commitments and contingencies - Note 13

Shareholders' equity:

Preferred Stock - 100,000,000 shares authorized, no par value; none outstanding

Common Stock - 100,000,000 shares authorized, no par value; 18,609,179 shares issued and outstanding at December 31, 2023 and 18,965,776 shares issues and outstanding at December 31, 2022

271,925

276,912

Additional paid-in capital

3,623

3,361

Retained earnings

255,152

225,883

Non-controlling interest

Accumulated other comprehensive loss, net

(19,512)

(21,665)

Total shareholders’ equity

511,260

484,563

Total liabilities and shareholders’ equity

$ 4,026,025

$ 3,919,058

[1]	net of discounts and deferred fees and costs

Note 10 - Subordinated Debentures

12 Months Ended

Dec. 31, 2023

Subordinated Borrowings Disclosure [Text Block]

NOTE 10 - SUBORDINATED DEBENTURES

Subordinated debentures consist of subordinated debentures issued in connection with three separate trust preferred securities and totaled $14.9 million and $14.7 million as of December 31, 2022 and 2023, respectively. Under the terms of our subordinated debentures issued in connection with the issuance of trust preferred securities, we are not permitted to declare or pay any dividends on our capital stock if an event of default occurs under the terms of the long-term debt. In addition, the Company has the option to defer interest payments on the subordinated debentures from time to time for a period not to exceed five consecutive years. The subordinated debentures may be included in Tier 1 capital (with certain limitations applicable) under current regulatory guidelines and interpretations. The Company may redeem the subordinated debentures, subject to prior approval by the Board of Governors of the Federal Reserve System at 100% of the principal amount, plus accrued and unpaid interest. These subordinated debentures consist of the following and are described in detail after the table below:

	Issue	Principal		Unamortized		Recorded		Stated Rate	December 31, 2023			Stated
(dollars in thousands)	Date	Amount		Valuation Reserve		Value		Description	Effective Rate			Maturity
Subordinated debentures
TFC Trust	December 22, 2006	$	5,155	$	1,189	$	3,966	Three-month CME Term SOFR plus 0.26% (a) plus 1.65%,		7.30	%	March 15, 2037
FAIC Trust	December 15, 2004		7,217		842		6,375	Three-month CME Term SOFR 0.26% (a) plus 2.25%		7.90	%	December 15, 2034
PGBH Trust	December 15, 2004		5,155		558		4,597	Three-month CME Term SOFR 0.26% (a) plus 2.10%		7.75	%	December 15, 2034
Total		$	17,527	$	2,589	$	14,938

(a)	Represents applicable tenor spread adjustment when the original Libor index was discontinued on June 30, 2023

In 2016, the Company, through the acquisition of TomatoBank and its holding company, TFC Holding Company (“TFC”), acquired TFC Statutory Trust (the “TFC Trust”). TFC Trust issued 5,000 fixed-to-floating rate capital securities with an aggregate liquidation amount of $5.0 million to an independent investor, and all of its common securities, with an aggregate liquidation amount of $155,000. TFC issued $5 million of subordinated debentures to TFC Trust in exchange for ownership of all of the common securities of TFC Trust and the proceeds of the preferred securities sold by TFC Trust. The Company is not considered the primary beneficiary of TFC trust (variable interest entity), therefore TFC Trust is not consolidated in the Company's financial statements, but rather the subordinated debentures are shown as a liability. The Company also purchased an investment in the common stock of TFC Trust for $155,000, which is included in other assets. At the close of this acquisition, a $1.9 million valuation reserve was recorded to arrive at its fair market value, which is treated as a yield adjustment and amortized over the life of the security. The unamortized valuation reserve was $1.2 million at December 31, 2023 and $1.3 million at December 31, 2022. The subordinated debentures have a variable rate of interest equal to three-month CME Term SOFR plus applicable tenor spread adjustment of 0.26% plus 1.65%, which was 7.30% as of December 31, 2023, and three-month LIBOR plus 1.65%, which was 6.42% at December 31, 2022.

In October 2018, the Company, through the acquisition of FAIC, acquired First American International Statutory Trust I (“FAIC Trust”). FAIC Trust issued 7,000 units of thirty-year fixed-to-floating rate capital securities with an aggregate liquidation amount of $7.0 million to an independent investor, and all of its common securities, with an aggregate liquidation amount of $217,000. The Company is not considered the primary beneficiary of FAIC Trust (variable interest entity), therefore FAIC Trust is not consolidated in the Company's financial statements, but rather the subordinated debentures are shown as a liability. The Company purchased an investment in the common stock of FAIC Trust for $217,000, which is included in other assets. At the close of this acquisition, a $1.2 million valuation reserve was recorded to arrive at its fair market value, which is treated as a yield adjustment and amortized over the life of the security. The unamortized valuation reserve was $842,000 at December 31, 2023 and $918,000 at December 31, 2022. The subordinated debentures have a variable rate of interest equal to three-month CME Term SOFR plus applicable tenor spread adjustment of 0.26% plus 1.65%, which was 7.90% as of December 31, 2023, and three-month LIBOR plus 2.25%, which was 7.02% at December 31, 2022.

In January 2020, the Company, through the acquisition of PGBH, acquired PGB Capital Trust I (“PGBH Trust”). PGBH Trust issued 5,000 units of fixed-to-floating rate capital securities with an aggregate liquidation amount of $5 million to an independent investor, and all of its common securities, with an aggregate liquidation amount of $155,000. The Company is not considered the primary beneficiary of PGBH Trust (variable interest entity), therefore PGBH Trust is not consolidated in the Company's financial statements, but rather the subordinated debentures are shown as a liability. The Company purchased an investment in the common stock of PGBH Trust for $155,000, which is included in other assets. At the close of this acquisition, a $763,000 valuation reserve recorded to arrive at it fair market value, which is treated as a yield adjustment and amortized over the life of the security. The unamortized valuation reserve was $559,000 at December 31, 2023 and $610,000 at December 31, 2022. The subordinated debentures have a variable rate of interest equal to three-month CME Term SOFR plus applicable tenor spread adjustment of 0.26% plus 1.65%, which was 7.75% as of December 31, 2023, and three-month LIBOR plus 2.10%, which was 6.87% at December 31, 2022.

The Company paid interest expense of $1.3 million in 2023, $650,000 in 2022 and $377,000 in 2021. The amount of aggregate amortization expense recognized was $218,000 in each of the years ended December 31, 2023, 2022 and 2021.

For regulatory reporting purposes, the Federal Reserve Board has indicated that the capital securities qualify as Tier 1 capital of the Company subject to previously specified limitations, until further notice. If regulators make a determination that the capital securities can no longer be considered in regulatory capital, the securities become callable and the Company may redeem them.

At December 31, 2023, the Company duly and punctually paid all payments, maintained 100% ownership of the common securities, and did not incur any additional indebtedness as agreed. The Company was in compliance with all covenants under all subordinated debentures at December 31, 2023.

Note 9 - Long-term Debt - Schedule of Long-term Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Mar. 31, 2021	Nov. 30, 2018
Principal	$ 120,000	$ 175,000
Unamortized debt issuance costs	853	1,415
Six Point One Eight Percent Fixed To Floating Rate Subordinated Debentures Due December First Two Thousands Twenty Eight [Member]
Principal	0	55,000		$ 55,000
Unamortized debt issuance costs	0	180
Four Percent Fixed To Floating Rate Subordinated Debentures Due April First Two Thousand Thirty One [Member]
Principal	120,000	120,000	$ 120,000
Unamortized debt issuance costs	$ 853	$ 1,235

Note 5 - Loans and Allowance for Credit Losses - Loans - Schedule of Loans (Details) - USD ($)
$ in Thousands

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

^[1]

$ 3,031,861

$ 3,336,449

Total loans held for investment, net

(41,903)

(41,076)

$ (32,912)

$ (29,337)

^[2]

2,989,958

3,295,373

181,469

276,876

(1,219)

(2,638)

(4,150)

(2,472)

^[3]

1,167,857

1,312,132

(17,826)

(17,657)

(16,603)

(13,719)

1,487,796

1,464,108

(20,117)

(17,640)

(7,839)

(8,486)

^[1]

130,096

201,223

(1,348)

(1,804)

(2,813)

(3,690)

SBA Loans [Member]

52,074

61,411

(1,196)

(621)

(980)

(927)

Other Loans [Member]

12,569

20,699

$ (197)

$ (716)

$ (527)

$ (43)

[1]	net of discounts and deferred fees and costs
[2]	Reserve was under the ALL method in accordance with ASC 450 and ASC 310.
[3]	includes non-farm & non-residential real estate loans, multifamily resident and 1-4 family single family residential loan for a business purpose

Amount of allowance for credit loss on financing receivable. Excludes allowance for financing receivable covered under loss sharing agreement.

Amortized cost, before allowance for credit loss, of financing receivable. Excludes financing receivable covered under loss sharing agreement and net investment in lease.

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 80
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479294/326-20-55-80

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 79
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479294/326-20-55-79

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479344/326-20-45-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(3)(b))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Name Regulation S-K (SK)
-Number 229
-Section 1405
-Paragraph (a)
-Subparagraph (1)
-Publisher SEC

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Name Regulation S-K (SK)
-Number 229
-Section 1405
-Paragraph (a)
-Subparagraph (2)
-Publisher SEC

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-K (SK)
-Number 229
-Section 1404
-Paragraph (a)
-Publisher SEC

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479319/326-20-50-14

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 7A
-SubTopic 10
-Topic 310
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481962/310-10-50-7A

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479319/326-20-50-5

Note 16 - Stock Option Plan - Restricted Stock Activity (Details) - Restricted Stock Units (RSUs) [Member] - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2021
Outstanding at beginning of year (in shares)	14,786
Outstanding at beginning of year, weighted-average grant date fair value (in dollars per share)	$ 27.16
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)	48,748	0
Granted, weighted-average grant date fair value (in dollars per share)	$ 18.25
Vested (in shares)	(20,374)
Vested, weighted-average grant date fair value (in dollars per share)	$ 23.35
Outstanding at end of period (in shares)	43,160
Outstanding at end of period, weighted-average grant date fair value (in dollars per share)	$ 18.89

Note 12 - Income Taxes - Summary of Components of Net Deferred Tax Asset Accounts (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Allowance for credit losses	$ 13,011	$ 12,834
Stock-based compensation	472	546
Operating loss carryforwards	32	154
Unrealized loss on AFS securities	8,597	9,614
Lease liability	9,539	8,149
State tax	1,444	2,426
Other	1,237	917
Deferred Tax Assets, Gross	34,332	34,640
Depreciation	(1,389)	(1,598)
Deferred loan costs	(3,123)	(2,808)
Acquisition accounting fair value adjustments	(2,794)	(3,052)
Mortgage servicing rights	(1,991)	(2,259)
Right of use asset	(9,115)	(7,818)
Other	(155)	(128)
Deferred Tax Liabilities, Gross	(18,567)	(17,663)
Net deferred tax assets	$ 15,765	$ 16,977

Note 17 - Regulatory Matters

12 Months Ended

Dec. 31, 2023

Regulatory Capital Requirements under Banking Regulations [Text Block]

NOTE 17 - REGULATORY MATTERS

Update on Previously Disclosed Regulatory Matters

As previously disclosed in the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission (“SEC”) on October 31, 2023, effective on October 25, 2023, the Bank entered into a Stipulation to the Issuance of a Consent Order (the “Stipulation”) with the Federal Deposit Insurance Corporation (the “FDIC”) and the California Department of Financial Protection and Innovation (the “DFPI”), consenting to the issuance of a consent order (the “Consent Order”) relating to the Bank’s Anti-Money Laundering/Countering the Financing of Terrorism (“AML/CFT”) compliance program. In connection to the issuance of the Consent Order, the Bank did not admit or deny any charges of violating Bank Secrecy Act (“BSA”) and its implementing regulations.

Regulatory Capital

Holding companies (with assets over $3 billion at the beginning of the year) and banks are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory - and possibly additional discretionary - actions by regulators that, if undertaken, could have a direct material effect on the Company's financial statements.

In July 2013, the federal bank regulatory agencies approved the final rules implementing the Basel Committee on Banking Supervision's capital guidelines for U.S. banks. The new rules became effective on January 1, 2015, with certain of the requirements phased-in over a multi-year schedule. Under the rules, minimum requirements increased for both the quantity and quality of capital held by the Bank. The rules include a new common equity Tier 1 (“CET1”) capital to risk-weighted assets ratio with minimums for capital adequacy and prompt corrective action purposes of 4.5% and 6.5%, respectively. The minimum Tier 1 capital to risk-weighted assets ratio was raised from 4.0% to 6.0% under the capital adequacy framework and from 6.0% to 8.0% to be well capitalized under the prompt corrective action framework. In addition, the rules introduced the concept of a “conservation buffer” of 2.5% applicable to the three capital adequacy risk-weighted asset ratios (CET1, Tier 1, and Total). The implementation of the capital conservation buffer began on January 1, 2016 at 0.625% and was phased in over a four-year period (increasing by that amount on each subsequent January 1, until it reached 2.5% on January 1, 2019). If the capital adequacy minimum ratios plus the phased-in conservation buffer amount exceed actual risk-weighted capital ratios, then dividends, share buybacks, and discretionary bonuses to executives could be limited in amount.

Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the Bank's assets, liabilities, and certain off-balance-sheet items as calculated under regulatory accounting practices. Capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios (set forth in the table below) of total, Tier 1 and CET1 capital (as defined in the regulations) to risk-weighted assets (as defined), and of Tier 1 capital (as defined) to average assets (as defined). As permitted by the regulators for financial institutions that are not deemed to be “advanced approaches” institutions, the Company has elected to opt out of the Basel III requirement to include accumulated other comprehensive income in risk-based capital. Management believes, at December 31, 2023 and December 31, 2022, that the Bank satisfied all capital adequacy requirements to which it is subject.

In February 2019, the U.S. federal bank regulatory agencies approved a final rule modifying their regulatory capital rules and providing an option to phase in over a three-year period the day-one adverse regulatory capital effects of ASU 2016-13. Additionally, in March 2020, the U.S. federal bank regulatory agencies issued an interim final rule that provides banking organizations an option to delay the estimated CECL impact on regulatory capital for an additional two years for a total transition period of up to five years to provide regulatory relief to banking organizations to better focus on supporting lending to creditworthy households and businesses in light of recent strains on the U.S. economy as a result of the novel coronavirus disease 2019 (“COVID-19”) pandemic. As a result, entities that adopted CECL in 2020 had the option to gradually phase in the full effect of CECL on regulatory capital over a five-year transition period. Effective January 1, 2022, the Company adopted ASU 2016-13, reflected the full effect of CECL at December 31, 2022, and did not elect the three-year CECL phase-in options on regulatory capital.

As of December 31, 2023 and 2022, the most recent notification from the FDIC categorized the Bank as well capitalized under the regulatory framework for prompt corrective action (there are no conditions or events since that notification that management believes have changed the Bank’s category). To be categorized as well capitalized, the Bank must maintain minimum ratios as set forth in the table below.

The following table sets forth Bancorp’s consolidated and the Bank’s actual capital amounts and ratios and related regulatory requirements for the Bank as of December 31, 2023:

						*Amount of Capital Required*
											*To Be Well Capitalized*
						*Minimum Required for*					*Under Prompt Corrective*
	*Actual*					*Capital Adequacy Purposes*					*Provisions*
*(dollars in thousands)*	*Amount*		*Ratio*			*Amount*		Ratio ⁽¹⁾			*Amount*		*Ratio*
As of December 31, 2023:
Tier 1 Leverage Ratio
Consolidated	$	472,152		11.99	%	$	157,526		4.0	%	$	196,907		5.0	%
Bank		535,952		13.62	%		157,454		4.0	%		196,818		5.0	%
Common Equity Tier 1 Risk-Based Capital Ratio
Consolidated	$	457,214		19.07	%	$	107,886		4.5	%	$	155,836		6.5	%
Bank		535,952		22.41	%		107,598		4.5	%		155,419		6.5	%
Tier 1 Risk-Based Capital Ratio
Consolidated	$	472,152		19.69	%	$	143,849		6.0	%	$	191,798		8.0	%
Bank		535,952		22.41	%		143,464		6.0	%		191,285		8.0	%
Total Risk-Based Capital Ratio
Consolidated	$	621,423		25.92	%	$	191,798		8.0	%	$	239,748		10.0	%
Bank		565,997		23.67	%		191,285		8.0	%		239,106		10.0	%

(1) These ratios are exclusive of the capital conservation buffer.

The following table sets forth Bancorp’s consolidated and the Bank’s actual capital amounts and ratios and related regulatory requirements for the Bank as of December 31, 2022:

						*Amount of Capital Required*
											*To Be Well Capitalized*
						*Minimum Required for*					*Under Prompt Corrective*
	*Actual*					*Capital Adequacy Purposes*					*Provisions*
*(dollars in thousands)*	*Amount*		*Ratio*			*Amount*		Ratio ⁽¹⁾			*Amount*		*Ratio*
As of December 31, 2022:
Tier 1 Leverage Ratio
Consolidated	$	446,776		11.67	%	$	153,116		4.0	%	$	191,395		5.0	%
Bank		569,071		14.89	%		152,900		4.0	%		191,124		5.0	%
Common Equity Tier 1 Risk Based Capital Ratio
Consolidated	$	432,056		16.03	%	$	121,291		4.5	%	$	175,199		6.5	%
Bank		569,071		21.14	%		121,110		4.5	%		174,937		6.5	%
Tier 1 Risk-Based Capital Ratio
Consolidated	$	446,776		16.58	%	$	161,722		6.0	%	$	215,629		8.0	%
Bank		569,071		21.14	%		161,481		6.0	%		215,307		8.0	%
Total Risk-Based Capital Ratio
Consolidated	$	654,159		24.27	%	$	215,629		8.0	%	$	269,537		10.0	%
Bank		602,819		22.40	%		215,307		8.0	%		269,134		10.0	%

(1) These ratios are exclusive of the capital conservation buffer.

The California Financial Code generally acts to prohibit banks from making a cash distribution to its shareholders in excess of the lesser of the bank’s undivided profits or the bank's net income for its last three fiscal years less the amount of any distribution made by the bank’s shareholders during the same period.

The California General Corporation Law generally acts to prohibit companies from paying dividends on common stock unless retained earnings, immediately prior to the dividend payment, equals or exceeds the amount of the dividend. If a company fails this test, then it may still pay dividends if after giving effect to the dividend the company’s assets are at least 125% of its liabilities.

Additionally, the Federal Reserve has issued guidance, which requires that they be consulted before payment of a dividend if a bank holding company does not have earnings over the prior four quarters of at least equal to the dividend to be paid, plus other holding company obligations.

The entire disclosure for regulatory capital requirement for depository and lending institutions. Institutions include, but not are not limited to, finance company, insured depository institution, bank holding company, savings and loan association holding company, bank and savings institution not federally insured, mortgage company, foreign financial institution and credit union.

Consolidated Statement of Changes in Shareholders' Equity - USD ($) $ in Thousands	Cumulative Effect, Period of Adoption, Adjustment [Member] Common Stock [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member] Additional Paid-in Capital [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member] Retained Earnings [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member] Noncontrolling Interest [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member] AOCI Attributable to Parent [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]	Restricted Stock [Member] Common Stock [Member]	Restricted Stock [Member] Additional Paid-in Capital [Member]	Restricted Stock [Member] Retained Earnings [Member]	Restricted Stock [Member] Noncontrolling Interest [Member]	Restricted Stock [Member] AOCI Attributable to Parent [Member]	Restricted Stock [Member]	Restricted Stock Units (RSUs) [Member] Common Stock [Member]	Restricted Stock Units (RSUs) [Member] Additional Paid-in Capital [Member]	Restricted Stock Units (RSUs) [Member] Retained Earnings [Member]	Restricted Stock Units (RSUs) [Member] Noncontrolling Interest [Member]	Restricted Stock Units (RSUs) [Member] AOCI Attributable to Parent [Member]	Restricted Stock Units (RSUs) [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Noncontrolling Interest [Member]	AOCI Attributable to Parent [Member]	Total
Balance (in shares) at Dec. 31, 2020																			19,565,921
Balance at Dec. 31, 2020																			$ 284,261	$ 4,932	$ 138,094	$ 72	$ 1,129	$ 428,488
Net income																			0	0	56,906	0	0	56,906
Stock-based compensation, net																			$ 0	1,086	0	0	0	1,086
Restricted stock granted (in shares)																			60,000
Restricted stock vested																			$ 425	(425)	0	0	0	0
Cash dividends on common stock																			$ 0	0	(9,947)	0	0	$ (9,947)
Stock options exercised (in shares)																			302,745					302,744
Stock options exercised																			$ 4,465	(990)	0	0	0	$ 3,475
Repurchase of common stock (in shares)																			(473,122)					(473,122)
Repurchase of common stock																			$ (6,816)	0	(3,724)			$ (10,540)
Other comprehensive gain/(loss), net of taxes																			$ 0	0	0	0	(2,785)	(2,785)
Balance (in shares) at Dec. 31, 2021																			19,455,544
Balance (Accounting Standards Update 2019-11 [Member]) at Dec. 31, 2021	$ 0	$ 0	$ (2,204)	$ 0	$ 0	$ (2,204)
Balance at Dec. 31, 2021																			$ 282,335	4,603	181,329	72	(1,656)	466,683
Net income																			0	0	64,327	0	0	64,327
Stock-based compensation, net																			0	848	0	0	0	848
Restricted stock granted (in shares)													7,450
Restricted stock vested							$ 355	$ (355)	$ 0	$ 0	$ 0	$ 0	$ 202	$ (202)	$ 0	$ 0	$ 0	$ 0
Cash dividends on common stock																			$ 0	0	(10,736)	0	0	$ (10,736)
Stock options exercised (in shares)																			445,308					445,308
Stock options exercised																			$ 7,009	(1,533)	0	0	0	$ 5,476
Repurchase of common stock (in shares)																			(902,526)					(902,526)
Repurchase of common stock																			$ (12,989)	0	(6,833)	0	0	$ (19,822)
Other comprehensive gain/(loss), net of taxes																			$ 0	0	0	0	(20,009)	(20,009)
Restricted stock cancelled (in shares)																			(40,000)
Restricted stock cancelled																			$ 0	0	0	0	0	$ 0
Balance (in shares) at Dec. 31, 2022																			18,965,776					18,965,776
Balance at Dec. 31, 2022																			$ 276,912	3,361	225,883	72	(21,665)	$ 484,563
Net income																			0	0	42,465	0	0	42,465
Stock-based compensation, net																			$ 0	750	0	0	0	750
Restricted stock granted (in shares)																			20,374
Restricted stock vested																			$ 391	(391)	0	0	0	0
Cash dividends on common stock																			$ 0	0	(12,163)	0	0	$ (12,163)
Stock options exercised (in shares)																			19,403					19,403
Stock options exercised																			$ 392	(97)	0	0	0	$ 295
Repurchase of common stock (in shares)																			(396,374)					(396,374)
Repurchase of common stock																			$ (5,770)	0	(1,033)	0	0	$ (6,803)
Other comprehensive gain/(loss), net of taxes																			$ 0	0	0	0	2,153	$ 2,153
Balance (in shares) at Dec. 31, 2023																			18,609,179					18,609,179
Balance at Dec. 31, 2023																			$ 271,925	$ 3,623	$ 255,152	$ 72	$ (19,512)	$ 511,260

Note 5 - Loans and Allowance for Credit Losses - Loans - Allowance for Loan Losses (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

$ 41,076

$ 32,912

$ 29,337

^[1]

3,878

6,027

3,959

(3,194)

(256)

(627)

143

258

243

Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]

41,903

41,076

32,912

2,135

Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjusted Balance [Member]

2,135

41,076

35,047

29,337

Unfunded Loan Commitment [Member]

41,076

35,047

1,156

1,203

1,383

^[1]

(516)

(1,092)

(180)

Unfunded Loan Commitment [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]

640

1,156

1,203

1,045

Unfunded Loan Commitment [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjusted Balance [Member]

1,045

1,156

2,248

1,383

Allow for Credit Loss and Unfunded Loan Commitments [Member]

1,156

2,248

42,232

34,115

30,720

^[1]

3,362

4,935

3,779

(3,194)

(256)

(627)

143

258

243

Allow for Credit Loss and Unfunded Loan Commitments [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]

42,543

42,232

34,115

3,180

Allow for Credit Loss and Unfunded Loan Commitments [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjusted Balance [Member]

3,180

42,232

37,295

30,720

42,232

37,295

2,638

4,150

2,472

(1,279)

(1,826)

1,678

(140)

Construction And Land Development Loans [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]

1,219

2,638

4,150

314

Construction And Land Development Loans [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjusted Balance [Member]

314

4,464

4,464

17,657

16,603

13,719

2,626

3,716

2,951

(2,537)

(67)

Commercial Real Estate Portfolio Segment [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]

17,826

17,657

16,603

(2,662)

Commercial Real Estate Portfolio Segment [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjusted Balance [Member]

(2,662)

13,941

13,941

17,640

7,839

8,486

2,570

5,841

(647)

(93)

Single Family Residential Mortgages Loans [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]

20,117

17,640

7,839

3,960

Single Family Residential Mortgages Loans [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjusted Balance [Member]

3,960

11,799

11,799

1,804

2,813

3,690

(458)

(818)

(533)

(5)

(501)

157

Commercial and Industrial [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]

1,348

1,804

2,813

(188)

Commercial and Industrial [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjusted Balance [Member]

(188)

2,625

2,625

621

980

927

636

(156)

(62)

(14)

227

SBA Loans [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]

1,196

621

980

(416)

SBA Loans [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjusted Balance [Member]

(416)

564

564

716

527

(217)

(730)

457

(362)

(237)

(59)

Other Loans [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]

$ 197

716

527

1,127

Other Loans [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjusted Balance [Member]

1,127

$ 1,654

$ 1,654

[1]	Reserve was under the ALL method in accordance with ASC 450 and ASC 310.

Consolidated Statements of Income - USD ($)	12 Months Ended
Consolidated Statements of Income - USD ($)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Interest and dividend income:
Interest and fees on loans	$ 194,264,000	$ 171,099,000	$ 141,569,000
Interest on interest-earning deposits	10,746,000	1,353,000	552,000
Interest on investment securities	14,028,000	6,084,000	3,379,000
Dividend income on FHLB stock	1,125,000	938,000	869,000
Interest on federal funds sold and other	985,000	1,496,000	694,000
Total interest and dividend income	221,148,000	180,970,000	147,063,000
Interest expense:
Interest on savings deposits, NOW and money market accounts	12,205,000	5,561,000	2,786,000
Interest on time deposits	76,837,000	13,338,000	9,170,000
Interest on subordinated debentures and long-term debt	9,951,000	9,645,000	8,999,000
Interest on other borrowed funds	2,869,000	2,872,000	1,765,000
Total interest expense	101,862,000	31,416,000	22,720,000
Net interest income before provision for credit losses	119,286,000	149,554,000	124,343,000
Provision for credit losses	3,362,000	4,935,000	3,959,000
Net interest income after provision for credit losses	115,924,000	144,619,000	120,384,000
Noninterest income:
Service charges and fees	4,172,000	4,145,000	4,524,000
Loan servicing fees, net of amortization	2,576,000	2,209,000	684,000
Increase in cash surrender value of BOLI	1,409,000	1,322,000	1,067,000
Gain on sale of loans	374,000	1,895,000	9,991,000
Gain on sale of fixed assets	32,000	757,000	0
Other income	6,455,000	924,000	2,479,000
Total noninterest income	15,018,000	11,252,000	18,745,000
Noninterest expense:
Salaries and employee benefits	37,795,000	35,488,000	33,568,000
Occupancy and equipment expenses	9,629,000	9,092,000	8,691,000
Data processing	5,326,000	5,060,000	4,474,000
Legal and professional	8,198,000	5,383,000	3,773,000
Office expenses	1,512,000	1,438,000	1,197,000
Marketing and business promotion	1,132,000	1,578,000	1,157,000
Insurance and regulatory assessments	3,165,000	1,850,000	1,561,000
Core deposit premium amortization	923,000	1,086,000	1,121,000
Other expenses	3,016,000	3,551,000	2,650,000
Total noninterest expense	70,696,000	64,526,000	58,192,000
Net income before income taxes	60,246,000	91,345,000	80,937,000
Income tax expense	17,781,000	27,018,000	24,031,000
Net income	$ 42,465,000	$ 64,327,000	$ 56,906,000
Net income per share
Basic (in dollars per share)	$ 2.24	$ 3.37	$ 2.92
Diluted (in dollars per share)	$ 2.24	$ 3.33	$ 2.86
Weighted-average common shares outstanding
Basic (in shares)	18,965,346	19,099,509	19,423,549
Diluted (in shares)	18,985,233	19,332,639	19,834,306

Note 2 - Basis of Presentation and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

*(dollars in thousands)*
Year ending December 31:
2024	$	784
2025		672
2026		501
2027		417
2028		297
Thereafter		124
Total	$	2,795

Accounting Standards Update and Change in Accounting Principle [Table Text Block]

			*Adjustments*
			*due to*
	*Balance at*		*Adoption of*			*Balance at*
*(dollars in thousands)*	*December 31, 2021*		*ASC 326*			*January 1, 2022*
Assets:
Allowance for credit losses on loans	$	32,912	$	2,135		$	35,047
Deferred tax assets		4,855		977			5,832
Liabilities:
Reserve for unfunded commitments	$	1,203	$	1,045		$	2,248
Stockholders' equity:
Retained earnings, net of tax	$	181,329	$	(2,204	)	$	179,125

Core Deposits [Member]

Schedule of Finite-Lived Intangible Assets [Table Text Block]

	*Year ended December 31,*
*(dollars in thousands)*	*2023*		*2022*		*2021*
Core deposit intangibles
Balance, beginning of year	$	10,459	$	9,730	$	9,730
Acquired from acquisitions		—		729		—
Balance, end of year	$	10,459	$	10,459	$	9,730
Accumulated amortization:
Balance, beginning of year	$	6,741	$	5,655	$	4,534
Amortization		923		1,086		1,121
Balance, end of year	$	7,664	$	6,741	$	5,655
Core deposit intangibles, net	$	2,795	$	3,718	$	4,075

Note 13 - Commitments and Contingencies

12 Months Ended

Dec. 31, 2023

Commitments Disclosure [Text Block]

NOTE 13 - COMMITMENTS AND CONTINGENCIES

In the ordinary course of business, the Company enters into financial commitments to meet the financing needs of its customers. These financial commitments include commitments to extend credit, unused lines of credit, commercial and similar letters of credit and standby letters of credit. Those instruments involve to varying degrees, elements of credit and interest rate risk not recognized in the Company's financial statements.

The Company's exposure to loan loss in the event of nonperformance on these financial commitments is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments as it does for loans reflected in the financial statements.

As of December 31, 2023 and 2022, the Company had the following financial commitments whose contractual amount represents credit risk:

	*2023*				*2022*
	*Fixed*		*Variable*		*Fixed*		*Variable*
*(dollars in thousands)*	*Rate*		*Rate*		*Rate*		*Rate*
Commitments to make loans	$	614	$	77,230	$	1,141	$	128,680
Unused lines of credit		10,629		95,686		13,730		197,314
Commercial and similar letters of credit		90		3,814		1,154		867
Standby letters of credit		1,626		1,061		1,577		1,061
Total	$	12,959	$	177,791	$	17,602	$	327,922

Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Since many of the commitments are expected to expire without being drawn upon, the total amounts do not necessarily represent future cash requirements. The Company evaluates each client's credit worthiness on a case-by-case basis. The amount of collateral obtained if deemed necessary by the Company is based on management's credit evaluation of the customer.

The Company records a liability for lifetime expected losses on off-balance-sheet credit exposure that do not fit the definition of unconditionally cancelable in accordance with ASC 326. The Company uses the loss rate and exposure of default framework to estimate a reserve for unfunded commitments. Loss rates for the expected funded balances are determined based on the associated pooled loan analysis loss rate and the exposure at default is based on an estimated utilization given default. The off-balance sheet commitment allowance were $640,000 and $1.2 million as of December 31, 2023 and December 31, 2022, respectively. The (reversal of)/provision for off-balance sheet commitments totaled were ($516,000) and $1.1 million for the years ended December 31, 2023 and 2022.

Additionally, we have commitments to invest in certain affordable housing partnerships and SBIC funds that call for capital contributions up to an amount specific in the partnership agreements. Such unfunded commitments totaled $3.3 million and $3.5 million as of December 31, 2023 and 2022.

The Company is involved in various matters of litigation, which have arisen in the ordinary course of business, and accruals for estimates of potential losses have been provided when necessary and appropriate under generally accepted accounting principles. In the opinion of management, the disposition of such pending litigation will not have a material effect on the Company's financial statements.

Note 5 - Loans and Allowance for Credit Losses - Loans - Risk Category of Loans (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

$ 381,541

$ 1,269,989

1,060,902

639,745

477,117

467,976

328,626

217,682

195,307

225,463

483,465

371,945

104,903

143,563

^[1]

3,031,861

3,336,449

2,157

237

273

562

202

3,194

256

$ 627

Pass [Member]

381,240

1,269,597

1,060,016

633,710

463,705

444,480

310,814

215,246

184,656

211,030

436,412

325,621

101,077

132,501

2,937,920

3,232,271

Special Mention [Member]

5,987

12,626

9,280

7,719

5,563

9,760

17,805

2,737

3,577

32,842

42,212

Substandard [Member]

301

392

886

786

14,216

17,812

2,436

2,932

8,870

37,293

28,519

1,089

7,485

61,099

61,966

Doubtful [Member]

127,602

125,216

25,880

52,262

23,844

99,016

3,919

201

192

181

181,469

276,876

140

Construction And Land Development Loans [Member] | Pass [Member]

140

(0)

127,602

125,216

25,880

52,262

12,168

99,016

3,919

201

192

Construction And Land Development Loans [Member] | Special Mention [Member]

169,793

276,735

11,676

Construction And Land Development Loans [Member] | Substandard [Member]

11,676

141

Construction And Land Development Loans [Member] | Doubtful [Member]

141

1,305

8,038

3,370

13,500

6,281

6,048

4,311

3,486

2,056

2,654

9,652

26,971

103,121

140,440

^[1]

130,096

201,223

Commercial and Industrial [Member] | Pass [Member]

(0)

501

1,305

8,038

3,283

7,513

6,281

4,448

2,901

3,470

2,049

1,016

4,700

8,827

99,339

129,483

Commercial and Industrial [Member] | Special Mention [Member]

119,858

162,881

5,987

1,638

17,805

2,737

3,577

Commercial and Industrial [Member] | Substandard [Member]

2,737

29,007

1,600

1,410

4,952

339

1,045

7,380

Commercial and Industrial [Member] | Doubtful [Member]

7,501

9,335

90,427

479,591

423,564

293,058

186,904

212,983

187,060

112,771

104,810

73,235

175,092

140,494

^[2]

1,167,857

1,312,132

2,078

459

Commercial Real Estate Portfolio Segment [Member] | Pass [Member]

2,537

(0)

90,126

479,304

423,564

293,058

186,904

195,051

175,650

110,442

94,796

73,013

152,847

117,068

Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member]

1,123,887

1,267,936

9,280

7,719

4,880

Commercial Real Estate Portfolio Segment [Member] | Substandard [Member]

12,599

9,280

301

287

8,652

11,410

2,329

2,295

222

17,365

23,426

Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member]

31,371

34,916

156,372

637,893

594,258

255,529

240,879

141,918

130,331

96,355

83,547

145,971

280,645

183,345

1,764

3,097

1,487,796

1,464,108

Single Family Residential Mortgages Loans [Member] | Pass [Member]

(0)

156,372

637,893

593,539

255,529

239,502

137,964

125,346

96,355

83,002

134,415

265,050

182,893

1,720

2,992

Single Family Residential Mortgages Loans [Member] | Special Mention [Member]

1,464,531

1,448,041

619

3,925

3,855

Single Family Residential Mortgages Loans [Member] | Substandard [Member]

4,474

3,925

719

758

3,954

4,985

545

7,631

11,740

452

105

Single Family Residential Mortgages Loans [Member] | Doubtful [Member]

18,791

12,142

SBA Loans [Member]

5,642

14,922

11,023

10,664

10,368

6,496

2,324

4,779

4,673

3,596

18,044

20,954

52,074

61,411

SBA Loans [Member] | Pass [Member]

(0)

5,642

14,922

11,023

10,664

10,037

6,496

2,324

4,688

4,588

2,579

13,783

16,793

SBA Loans [Member] | Special Mention [Member]

47,397

56,142

331

1,025

SBA Loans [Member] | Substandard [Member]

1,356

1,017

3,236

4,161

SBA Loans [Member] | Doubtful [Member]

3,321

5,269

Other Loans [Member]

193

4,329

2,807

14,732

8,841

1,515

681

12,569

20,699

237

273

Other Loans [Member] | Pass [Member]

362

237

$ 59

193

4,224

2,727

14,684

8,813

1,505

674

Other Loans [Member] | Special Mention [Member]

12,454

20,536

Other Loans [Member] | Substandard [Member]

105

Other Loans [Member] | Doubtful [Member]

115

163

$ 0

[1]	net of discounts and deferred fees and costs
[2]	includes non-farm & non-residential real estate loans, multifamily resident and 1-4 family single family residential loan for a business purpose

Note 2 - Basis of Presentation and Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2023

Basis of Presentation and Significant Accounting Policies [Text Block]

NOTE 2 - BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

Principles of Consolidation and Nature of Operations

The accompanying consolidated financial statements include the accounts of RBB Bancorp and its wholly-owned subsidiaries RBB and RAM. All significant intercompany transactions have been eliminated.

The parent company only condensed financial information on RBB Bancorp is provided in Note 22.

Use of Estimates in the Preparation of Financial Statements

Cash and Cash Equivalents

Cash and Due from Banks

Interest-Earning Deposits in Other Financial Institutions

Interest-bearing deposits in other financial institutions not included in cash and cash equivalents are carried at cost and generally mature in one year or less.

Investment Securities

Accrued interest receivable on available-for-sale debt securities totaled $919,000 and $759,000 at December 31, 2023 and 2022, and is excluded from the estimate of credit losses.

Loans Held For Sale

Loans

Allowance for Credit Losses - Loans

Allowance for Loan Losses (prior to January 1, 2022)

Servicing Rights

Transfers of Financial Assets

Premises and Equipment

Operating Lease ROU Assets and Lease Liabilities

Other Real Estate Owned

Goodwill and Other Intangible Assets

The following table presents changes in the carrying amount of CDI for the periods indicated:

	*Year ended December 31,*
*(dollars in thousands)*	*2023*		*2022*		*2021*
Core deposit intangibles
Balance, beginning of year	$	10,459	$	9,730	$	9,730
Acquired from acquisitions		—		729		—
Balance, end of year	$	10,459	$	10,459	$	9,730
Accumulated amortization:
Balance, beginning of year	$	6,741	$	5,655	$	4,534
Amortization		923		1,086		1,121
Balance, end of year	$	7,664	$	6,741	$	5,655
Core deposit intangibles, net	$	2,795	$	3,718	$	4,075

Estimated CDI amortization expense for the next 5 years is as follows:

*(dollars in thousands)*
Year ending December 31:
2024	$	784
2025		672
2026		501
2027		417
2028		297
Thereafter		124
Total	$	2,795

Bank Owned Life Insurance

FHLB Stock and Other Equity Securities

Stock-Based Compensation

Income Taxes

Income tax expense is the total of the current year income tax due or refundable and the change in deferred tax assets and liabilities.

Retirement Plans

The Company established a 401(k) plan in 2010. The Company contributed $707,000, $594,000, and $532,000 in 2023, 2022 and 2021, respectively.

Comprehensive Income

Comprehensive income consists of net income and other comprehensive income. Other comprehensive income includes unrealized gains and losses on securities available for sale, net of taxes.

Financial Instruments

Derivatives

●

They have a specified underlying (the contractually specified price for the loans);

●

They have a notional amount (the committed loan principal amount);

●

They require little or no initial net investment; and

●

They require or permit net settlement as the institution via a pair-off transaction or the payment of a pair-off fee.

See Note 18 for more information and disclosures relating to the Company's derivatives.

Earnings Per Share (“EPS”)

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 3: Significant unobservable inputs that reflect the Company's own assumptions about the assumptions that market participants would use in pricing an asset or liability.

See Note 18 for more information and disclosures relating to the Company's fair value measurements.

Operating Segments

Recent Accounting Pronouncements

Recently Adopted

The following table sets forth the cumulative effect of the changes to the Company's consolidated balance sheets at January 1, 2022, for the adoption of ASU 2016-13:

			*Adjustments*
			*due to*
	*Balance at*		*Adoption of*			*Balance at*
*(dollars in thousands)*	*December 31, 2021*		*ASC 326*			*January 1, 2022*
Assets:
Allowance for credit losses on loans	$	32,912	$	2,135		$	35,047
Deferred tax assets		4,855		977			5,832
Liabilities:
Reserve for unfunded commitments	$	1,203	$	1,045		$	2,248
Stockholders' equity:
Retained earnings, net of tax	$	181,329	$	(2,204	)	$	179,125

Recently Issued; Not Yet Effective

Note 9 - Long-term Debt - Schedule of Interest and Amortization Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Interest	$ 7,916	$ 8,199
Amortization	$ 562	$ 578

Note 4 - Investment Securities - Summary of Investment Securities with Unrealized Losses (Details) - USD ($)
$ in Thousands

Dec. 31, 2023

Dec. 31, 2022

Less than Twelve Months Estimated Fair Value, available for sale

$ 83,611

$ 121,563

Less than Twelve Months Unrealized Losses, available for sale

(213)

(5,116)

Twelve Months or More Estimated Fair Value, available for sale

176,221

118,611

(28,516)

(26,145)

259,832

240,174

Less than Twelve Months Estimated Fair Value, held to maturity

(28,729)

(31,261)

1,397

5,054

Less than Twelve Months Unrealized Losses, held to maturity

(19)

(173)

Twelve Months or More Estimated Fair Value, held to maturity

3,196

Twelve Months or More Unrealized Losses, held to maturity

(96)

Total Estimated Fair Value, held to maturity

4,593

5,054

Total Unrealized Losses, held to maturity

(115)

(173)

US Government Agencies Debt Securities [Member]

Less than Twelve Months Estimated Fair Value, available for sale

4,238

354

Less than Twelve Months Unrealized Losses, available for sale

(72)

(24)

Twelve Months or More Estimated Fair Value, available for sale

3,923

4,141

(472)

(493)

8,161

4,495

Less than Twelve Months Estimated Fair Value, available for sale

(544)

(517)

SBA Securities [Member]

5,102

2,411

Less than Twelve Months Unrealized Losses, available for sale

(18)

(223)

Twelve Months or More Estimated Fair Value, available for sale

2,094

(198)

7,196

2,411

Residential Mortgage-Backed Securities [Member]

(216)

(223)

Less than Twelve Months Estimated Fair Value, available for sale

5,535

Less than Twelve Months Unrealized Losses, available for sale

(362)

Twelve Months or More Estimated Fair Value, available for sale

34,652

32,522

(5,855)

(6,390)

34,652

38,057

Residential Collateralized Mortgage Obligations [Member]

(5,855)

(6,752)

Less than Twelve Months Estimated Fair Value, available for sale

2,597

27,050

Less than Twelve Months Unrealized Losses, available for sale

(37)

(1,842)

Twelve Months or More Estimated Fair Value, available for sale

60,275

39,815

(12,161)

(11,014)

62,872

66,865

Commercial Mortgage-Backed Securities [Member]

(12,198)

(12,856)

Less than Twelve Months Estimated Fair Value, available for sale

4,871

Less than Twelve Months Unrealized Losses, available for sale

(16)

Twelve Months or More Estimated Fair Value, available for sale

4,871

Commercial Collateralized Mortgage Obligations [Member]

(16)

Less than Twelve Months Estimated Fair Value, available for sale

18,463

18,741

Less than Twelve Months Unrealized Losses, available for sale

(70)

(790)

Twelve Months or More Estimated Fair Value, available for sale

35,077

22,949

(2,594)

(2,111)

53,540

41,690

Commercial Paper [Member]

(2,664)

(2,901)

Less than Twelve Months Estimated Fair Value, available for sale

53,211

^[1]

39,624

^[2]

Less than Twelve Months Unrealized Losses, available for sale

(16)

^[1]

(16)

^[2]

Twelve Months or More Estimated Fair Value, available for sale

53,211

^[1]

39,624

^[2]

Corporate Debt Securities [Member]

(16)

^[1]

(16)

^[2]

Less than Twelve Months Estimated Fair Value, available for sale

22,977

Less than Twelve Months Unrealized Losses, available for sale

(1,843)

Twelve Months or More Estimated Fair Value, available for sale

30,691

10,330

(4,109)

(2,322)

30,691

33,307

Less than Twelve Months Estimated Fair Value, available for sale

(4,109)

(4,165)

Municipal Bonds [Member]

Less than Twelve Months Unrealized Losses, available for sale

Twelve Months or More Estimated Fair Value, available for sale

9,509

8,854

(3,127)

(3,815)

9,509

8,854

Less than Twelve Months Estimated Fair Value, held to maturity

(3,127)

(3,815)

1,397

4,556

Less than Twelve Months Unrealized Losses, held to maturity

(19)

(170)

Twelve Months or More Estimated Fair Value, held to maturity

3,196

Twelve Months or More Unrealized Losses, held to maturity

(96)

Total Estimated Fair Value, held to maturity

4,593

4,556

Total Unrealized Losses, held to maturity

$ (115)

(170)

Taxable Municipal Bonds [Member]

Less than Twelve Months Estimated Fair Value, held to maturity

498

Less than Twelve Months Unrealized Losses, held to maturity

(3)

Twelve Months or More Estimated Fair Value, held to maturity

Twelve Months or More Unrealized Losses, held to maturity

Total Estimated Fair Value, held to maturity

498

Total Unrealized Losses, held to maturity

$ (3)

[1]	The Company held $19.9 million of commercial paper where the recorded value and fair value are equal as of December 31, 2023.
[2]	The Company held $9.9 million of commercial paper where the recorded value and fair value are equal as of December 31, 2022.

Note 23 - Repurchase of Common Stock (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Apr. 22, 2021
Stock Repurchase Program, Number of Shares Authorized to be Repurchased (in shares)				500,000
Stock Repurchased During Period, Shares (in shares)	396,374	902,526	473,122
Payments for Repurchase of Common Stock	$ 6,803,000	$ 19,822,000	$ 10,540,000
Treasury Stock Acquired, Average Cost Per Share (in dollars per share)	$ 17.02	$ 21.96	$ 22.28
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 36,750

Number of shares that have been repurchased during the period and have not been retired and are not held in treasury. Some state laws may govern the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock.

Note 11 - Borrowing Arrangements

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Text Block]

NOTE 11 - BORROWING ARRANGEMENTS

The Company has established secured and unsecured lines of credit. The Company may borrow funds from time to time on a term or overnight basis from the Federal Home Loan Bank of San Francisco (“FHLB”), the Federal Reserve Bank of San Francisco (“FRB”) and other financial institutions as indicated below.

Federal Funds Arrangements with Commercial Banks. As of December 31, 2023, the Company may borrow on an unsecured basis, up to $92.0 million from other financial institutions.

Letter of Credit Arrangements. As of December 31, 2023, the Company had an unsecured commercial letter of credit line with another financial institution for $2.0 million.

FRB Secured Line of Credit. As of December 31, 2023, the Bank had a secured borrowing capacity with the FRB of $42.3 million at December 31, 2023 collateralized by pledged loans with a carrying value of $62.8 million.

FHLB Secured Line of Credit and Advances. As of December 31, 2023, the Bank had a secured borrowing capacity with the FHLB of $1.0 billion collateralized by pledged residential and commercial loans with a carrying value of $1.5 billion. At December 31, 2023, the Company had no overnight advances and $150.0 million of long-term advances with an original term of 5 years at a weighted average rate of 1.18%. The Company paid interest expenses of $2.9 million, $2.9 million and $1.8 million on such FHLB advances for the years ended December 31, 2023, 2022 and 2021, respectively.

There were no amounts outstanding under any of the other borrowing arrangements above as of December 31, 2023 except FHLB advances maturing in 2025.

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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Note 16 - Stock Option Plan

12 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangement [Text Block]

NOTE 16 - STOCK OPTION PLAN

RBB Bancorp 2010 Stock Option Plan

Under the RBB Bancorp 2010 Stock Option Plan (the “2010 Plan”), the Company was permitted to grant awards to eligible persons in the form of qualified and non-qualified stock options. The Company reserved up to 30% of the issued and outstanding shares of common stock as of the date the Company adopted the 2010 Plan, or 3,494,478 shares, for issuance under the 2010 Plan. Following receipt of shareholder approval of the 2017 Omnibus Stock Incentive Plan (the “OSIP”) in May 2017, no additional grants were made under the 2010 Plan. The 2010 Plan has been terminated and options that were granted under the 2010 Plan have become subject to the OSIP. Awards that were granted under the 2010 Plan will remain exercisable pursuant to the terms and conditions set forth in individual award agreements, but such awards will be assumed and administered under the OSIP. The 2010 Plan award agreements allow for acceleration of exercise privileges of grants upon occurrence of a change in control of the Company. If a participant’s job is terminated for cause, then all unvested awards expire at the date of termination.

Amended and Restated RBB Bancorp 2017 Omnibus Stock Incentive Plan

The Amended and Restated RBB Bancorp 2017 Omnibus Stock Incentive Plan (the “Amended OSIP”) was approved by the Company’s board of directors in January 2019 and approved by the Company’s shareholders in May 2022. The Amended OSIP was designed to ensure continued availability of equity awards that will assist the Company in attracting and retaining competent managerial personnel and rewarding key employees, directors and other service providers for high levels of performance. Pursuant to the Amended OSIP, the Company’s board of directors are allowed to grant awards to eligible persons in the form of qualified and non-qualified stock options, restricted stock, restricted stock units, stock appreciation rights and other incentive awards. The Company has reserved up to 30% of issued and outstanding shares of common stock as of the date the Company adopted the Amended OSIP, or 3,848,341 shares. As of December 31, 2023, there were 1,032,173 shares of common stock available for issuance under the Amended OSIP. This represents 5.5% of the issued and outstanding shares of the Company’s common stock as of December 31, 2023. Awards vest, become exercisable and contain such other terms and conditions as determined by the board of directors and set forth in individual agreements with the employees receiving the awards. The Amended OSIP enables the board of directors to set specific performance criteria that must be met before an award vests. The Amended OSIP allows for acceleration of vesting and exercise privileges of grants if a participant’s termination of employment is due to a change in control, death or total disability. If a participant’s job is terminated for cause, then all awards expire at the date of termination.

The Company recognized total stock-based compensation expense of $750,000, $848,000, and $1.1 million in 2023, 2022 and 2021. The total unrecognized stock-based expense totaled $517,000, $581,000, and $1.4 million as of December 31, 2023, 2022, and 2021.

Stock Options

The recorded compensation expense for stock option was $246,000, $300,000, and $485,000 and the Company recognized income tax expense/(benefit) of $3,000, ($587,000), and ($873,000) for the years ended December 31, 2023, 2022, and 2021, respectively. Unrecognized stock-based compensation expense related to options was $179,000, $400,000, and $635,000 as of December 31, 2023, 2022, and 2021, respectively. Unrecognized stock-based compensation expense will be recognized over a weighted-average period of 1.2 years as of December 31, 2023.

The fair value of each option grant was estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions presented below for 2023, 2022 and 2021.

	March 2023			December 2022			May 2022			July 2021			January 2021
Expected volatility		28.4	%		28.9	%		29.5	%		31.6	%		30.8	%
Expected term (years)		8.0			8.0			6.0			6.0			6.0
Expected dividends		2.92	%		2.55	%		2.52	%		1.98	%		1.86	%
Risk free rate		4.27	%		4.00	%		2.71	%		0.48	%		0.26	%
Grant date fair value	$	5.49		$	6.16		$	5.28		$	5.69		$	4.14

The expected volatility was based on the historical volatility of the Company stock trading history. The expected term represents the estimated average period of time that the options remain outstanding. The expected term represents the estimated average period of time that the options remain outstanding. The expected term of options granted is based on historical data and represents the period of time that options granted are expected to be outstanding. The risk free rate of return reflects the grant date interest rate offered for zero coupon U.S. Treasury bonds over the expected term of the options.

A summary of the status of the Company's stock option plan as of December 31, 2023 and changes during the year ended is presented below:

						*Weighted-*
				*Weighted-*		*Average*
				*Average*		*Remaining*		*Aggregate*
				*Exercise*		*Contractual*		*Intrinsic*
*(dollars in thousands, except for shares and per share data)*	*Shares*			*Price*		*Term in years*		*Value*
Outstanding at beginning of year		454,610		$	16.97
Granted		30,000			19.87
Exercised		(19,403	)		15.18
Forfeited/cancelled		(67,304	)		15.04
Outstanding at end of period		397,903		$	17.61		3.86	$	703

Options exercisable		332,232		$	17.26		3.05	$	657

The total fair value of the shares vested was $1.1 million, $1.1 million, and $1.2 million in 2023, 2022, and 2021, respectively. The number of unvested stock options were 65,671, 127,005, and 237,500 with a weighted average grant date fair value of $4.99, $4.69, and $4.28 as of December 31, 2023, 2022 and 2021, respectively. The decrease of unvested stock options during 2023 was due to 56,334 stock options vested with a weighted average grant date stock price of $18.40, 30,000 stock options forfeited with a weighted average grant date stock price of $19.87, 5,000 stock options exercised with a weighted average grant date stock price of $17.74, offset by 30,000 stock options granted with a weighted average grant date stock price of $19.87.

Cash received from the exercise of 19,403 share options was $295,000 for the period ended December 31, 2023. Cash received from the exercise of 445,308 share options was $5.5 million for the period ended December 31, 2022. Cash received from the exercise of 302,744 share options was $3.5 million for the period ended December 31, 2021. The intrinsic value of options exercised was $90,000, $4.0 million, and $3.8 million in 2023, 2022, and 2021, respectively.

Restricted Stock Units

The Company granted 32,248 restricted stock units at a closing price of $20.46 on January 18, 2023 to its directors and executive officers and 16,500 restricted stock units at a closing price of $13.93 on July 20, 2023 to its new president. These restricted stock units are scheduled to vest over a one year period for shares granted to directors and a three-year period for shares granted to executive officers from the grant date. As of December 31, 2023, there were 43,160 remaining unvested restricted stock units.

The recorded compensation expense for restricted stock units was $504,000 and $453,000 for the years ended December 31, 2023 and 2022, respectively. The Company did not grant restricted stock units in 2021. Unrecognized stock-based compensation expense related to restricted stock units was $338,000 and $182,000 as of December 31, 2023 and 2022, respectively. As of December 31, 2023, unrecognized stock-based compensation expense related to restricted stock units is expected to be recognized over the next 1.5 years.

The following table presents restricted stock unit activity during the twelve months ended December 31, 2023.

				*Weighted-Average*
				*Grant Date*
	*Shares*			*Fair Value*
Outstanding at beginning of year		14,786		$	27.16
Granted		48,748			18.25
Vested		(20,374	)		23.35
Outstanding at end of period		43,160		$	18.89

Restricted Stock Awards

The Company granted restricted stock awards for 60,000 shares at a closing price of $17.74 in 2021. These restricted stock awards were scheduled to vest over a three-year period from the January 21, 2021 grant date. Unvested restricted stock awards of 40,000 shares were forfeited and the expense related to the forfeited shares was reversed on April 8, 2022, due to a former employee's resignation. As of December 31, 2023, there were no outstanding restricted stock awards. The Company did not grant restricted stock awards in 2023 or 2022.

The recorded compensation expense for restricted stock awards was zero, $95,000, and $602,000 for the years ended December 31, 2023, 2022, and 2021, respectively. Unrecognized stock-based compensation expense related to restricted stock awards was zero, zero, and $729,000 as of December 31, 2023, 2022, and 2021, respectively.

Note 14 - Leases (Tables)

12 Months Ended

Dec. 31, 2023

Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block]

*(dollars in thousands)*
For the year ended December 31,:
2024	$	4,728
2025		5,109
2026		5,121
2027		4,998
2028		4,052
Thereafter		10,699
Total	$	34,707
Less amount of payment representing interest		(3,516	)
Total present value of lease payments	$	31,191

Lease, Cost [Table Text Block]

	*December 31,*			*December 31,*
*(dollars in thousands)*	*2023*			*2022*
Operating Leases
ROU assets	$	29,803		$	25,447
Lease liabilities		31,191			26,523

Weighted-average remaining lease term (in years)		7.63			7.91
Weighted-average discount rate		1.72	%		2.19	%

Note 4 - Investment Securities - Amortized Cost and Fair Value of Available for Sale Securities and Held to Maturity Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Available for sale, amortized cost	$ 347,070	$ 288,088
Available for sale, gross unrealized gains	620	3
Available for sale, gross unrealized losses	(28,729)	(31,261)
Available for sale	318,961	256,830
Held to maturity (fair value of $5,097 and $5,563 at December 31, 2023 and December 31, 2022)	5,209	5,729
Held to maturity, gross unrealized gains	3	7
Held to maturity, gross unrealized losses	(115)	(173)
Securities held to maturity, fair value	5,097	5,563
US Government Agencies Debt Securities [Member]
Available for sale, amortized cost	8,705	5,012
Available for sale, gross unrealized gains	0	0
Available for sale, gross unrealized losses	(544)	(517)
Available for sale	8,161	4,495
Small Business Administration Agency Securities [Member]
Available for sale, amortized cost	13,289	2,634
Available for sale, gross unrealized gains	144	0
Available for sale, gross unrealized losses	(216)	(223)
Available for sale	13,217	2,411
Residential Mortgage-Backed Securities [Member]
Available for sale, amortized cost	40,507	44,809
Available for sale, gross unrealized gains	0	0
Available for sale, gross unrealized losses	(5,855)	(6,752)
Available for sale	34,652	38,057
Residential Collateralized Mortgage Obligations [Member]
Available for sale, amortized cost	94,071	82,759
Available for sale, gross unrealized gains	454	0
Available for sale, gross unrealized losses	(12,198)	(12,856)
Available for sale	82,327	69,903
Commercial Mortgage-Backed Securities [Member]
Available for sale, amortized cost		4,887
Available for sale, gross unrealized gains		0
Available for sale, gross unrealized losses		(16)
Available for sale		4,871
Commercial Collateralized Mortgage Obligations [Member]
Available for sale, amortized cost	69,941	44,591
Available for sale, gross unrealized gains	22	0
Available for sale, gross unrealized losses	(2,664)	(2,901)
Available for sale	67,299	41,690
Commercial Paper [Member]
Available for sale, amortized cost	73,121	49,551
Available for sale, gross unrealized gains	0	2
Available for sale, gross unrealized losses	(16)	(16)
Available for sale	73,105	49,537
Corporate Debt Securities [Member]
Available for sale, amortized cost	34,800	41,176
Available for sale, gross unrealized gains	0	1
Available for sale, gross unrealized losses	(4,109)	(4,165)
Available for sale	30,691	37,012
Municipal Bonds [Member]
Available for sale, amortized cost	12,636	12,669
Available for sale, gross unrealized gains	0	0
Available for sale, gross unrealized losses	(3,127)	(3,815)
Available for sale	9,509	8,854
Held to maturity (fair value of $5,097 and $5,563 at December 31, 2023 and December 31, 2022)	4,708	4,726
Held to maturity, gross unrealized gains	0	0
Held to maturity, gross unrealized losses	(115)	(170)
Securities held to maturity, fair value	4,593	4,556
Taxable Municipal Bonds [Member]
Held to maturity (fair value of $5,097 and $5,563 at December 31, 2023 and December 31, 2022)	501	1,003
Held to maturity, gross unrealized gains	3	7
Held to maturity, gross unrealized losses	0	(3)
Securities held to maturity, fair value	$ 504	$ 1,007

Note 20 - Revenue From Contracts With Customers - Summary of Revenue From Contracts With Customers In-scope and Not In-scope under Topic 606 (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Gain on sale of OREO and fixed assets

$ 5,322

$ 5,579

$ 7,067

166

757

Non-interest income, not in scope (4)

^[1]

9,696

5,673

11,678

Total noninterest income

15,018

11,252

18,745

Fees And Service Charges On Deposit Accounts [Member]

^[2]

2,014

2,051

2,367

Other Fees [Member]

Other Service Income [Member]

^[2],[3]

984

677

2,543

^[2],[4]

$ 2,158

$ 2,094

$ 2,157

[1]	The amounts primarily represent revenue from contracts with customers that are out of scope of ASC 606: Net loan servicing income, letter of credit commissions, import/export commissions, recoveries on purchased loans, BOLI income, and gains (losses) on sales of mortgage loans, loans and investment securities.
[2]	There were no adjustments to the Company's financial statements recorded as a result of the adoption of ASC 606.
[3]	Other fees consists of wealth management fees, miscellaneous loan fees and postage/courier fees.
[4]	Other income consists of safe deposit box rental income, wire transfer fees, security brokerage fees, annuity sales, insurance activity and OREO income.

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Note 8 - Deposits

12 Months Ended

Dec. 31, 2023

Deposit Liabilities Disclosures [Text Block]

NOTE 8 - DEPOSITS

At December 31, 2023, the scheduled maturities of time deposits are as follows:

*(dollars in thousands)*	*December 31, 2023*
One year	$	1,994,517
Two to three years		6,689
Over three years		1,204
Total	$	2,002,410

Time deposits include deposits acquired through both retail and wholesale channels. Wholesale funding includes brokered deposits, collateralized deposits from the State of California, and deposits acquired through internet listing services totaled $405.6 million at December 31, 2023. Retail deposits include time deposits. Brokered time deposits were $254.9 million at December 31, 2023 and $255.0 million at December 31, 2022. Collateralized deposits from the State of California totaled $80.0 million at December 31, 2023 and none at December 31, 2022. Time deposits acquired through internet listing services totaled $61.4 million at December 31, 2023 and $10.7 million at December 31, 2022.

In addition, we offer retail deposit products where customers are able to achieve FDIC insurance for balances on deposit in excess of the $250,000 FDIC limit through the Certificate of Deposit Account Registry Service (“CDARS”) and Insured Cash Sweeps (“ICS”) programs. Time deposits held through the CDARS program were $135.7 million at December 31, 2023 and $17.7 million at December 31, 2022.

Note 8 - Deposits (Details Textual) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Time Deposits	$ 405,600
Brokered Time Deposits	254,900	$ 255,000
Collateralized Deposits From the State of California [Member]
Time Deposits	80,000	0
Time Deposits Acquired Through Internet Listing Services [Member]
Time Deposits	61,400	10,700
Certificates of Deposit Held Through CDARS [Member]
Time Deposits	$ 135,700	$ 17,700

Note 2 - Basis of Presentation and Summary of Significant Accounting Policies - Estimated CDI Amortization Expense (Details) - Core Deposits [Member] - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
2024	$ 784
2025	672
2026	501
2027	417
2028	297
Thereafter	124
Total	$ 2,795	$ 3,718	$ 4,075

Note 5 - Loans and Allowance for Credit Losses - Loans - Aging of Recorded Investment (Details) - USD ($)
$ in Thousands

Dec. 31, 2023

Dec. 31, 2022

^[1]

$ 3,031,861

$ 3,336,449

Financial Asset, 30 to 59 Days Past Due [Member]

^[2]

31,619

22,323

Financial Asset, 60 to 89 Days Past Due [Member]

12,451

13,626

Financial Asset, Equal to or Greater than 90 Days Past Due [Member]

6,031

4,433

Financial Asset, Past Due [Member]

19,663

6,766

Financial Asset, Not Past Due [Member]

38,145

24,825

2,993,716

3,311,624

^[3]

1,167,857

1,312,132

Commercial Real Estate Portfolio Segment [Member] | Construction And Land Development Loans [Member]

10,569

13,189

181,469

276,876

Commercial Real Estate Portfolio Segment [Member] | Construction And Land Development Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member]

^[2]

141

Commercial Real Estate Portfolio Segment [Member] | Construction And Land Development Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member]

Commercial Real Estate Portfolio Segment [Member] | Construction And Land Development Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]

Commercial Real Estate Portfolio Segment [Member] | Construction And Land Development Loans [Member] | Financial Asset, Past Due [Member]

141

Commercial Real Estate Portfolio Segment [Member] | Construction And Land Development Loans [Member] | Financial Asset, Not Past Due [Member]

141

Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate [Member]

181,469

276,735

1,167,857

1,312,132

Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate [Member] | Financial Asset, 30 to 59 Days Past Due [Member]

^[2]

10,569

13,189

Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate [Member] | Financial Asset, 60 to 89 Days Past Due [Member]

1,341

558

Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]

216

240

Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate [Member] | Financial Asset, Past Due [Member]

1,582

1,191

Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate [Member] | Financial Asset, Not Past Due [Member]

3,139

1,989

Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Mortgages Loans [Member]

1,164,718

1,310,143

1,487,796

1,464,108

Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Mortgages Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member]

^[2]

18,103

5,936

Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Mortgages Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member]

9,050

12,764

Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Mortgages Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]

5,795

2,555

Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Mortgages Loans [Member] | Financial Asset, Past Due [Member]

15,134

4,100

Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Mortgages Loans [Member] | Financial Asset, Not Past Due [Member]

29,979

19,419

Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Mortgages Loans, Held for Sale [Member]

1,457,817

1,444,689

1,911

Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Mortgages Loans, Held for Sale [Member] | Financial Asset, 30 to 59 Days Past Due [Member]

Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Mortgages Loans, Held for Sale [Member] | Financial Asset, 60 to 89 Days Past Due [Member]

Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Mortgages Loans, Held for Sale [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]

Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Mortgages Loans, Held for Sale [Member] | Financial Asset, Past Due [Member]

Commercial Real Estate Portfolio Segment [Member] | Single Family Residential Mortgages Loans, Held for Sale [Member] | Financial Asset, Not Past Due [Member]

Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member]

1,911

130,096

201,223

Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Financial Asset, 30 to 59 Days Past Due [Member]

^[2]

854

713

Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Financial Asset, 60 to 89 Days Past Due [Member]

1,544

Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]

545

Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Financial Asset, Past Due [Member]

854

Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Financial Asset, Not Past Due [Member]

2,398

552

Commercial Portfolio Segment [Member] | Small Business Administration Agency Securities [Member]

127,698

200,671

52,074

61,411

Commercial Portfolio Segment [Member] | Small Business Administration Agency Securities [Member] | Financial Asset, 30 to 59 Days Past Due [Member]

^[2]

2,085

2,245

Commercial Portfolio Segment [Member] | Small Business Administration Agency Securities [Member] | Financial Asset, 60 to 89 Days Past Due [Member]

356

150

Commercial Portfolio Segment [Member] | Small Business Administration Agency Securities [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]

1,017

Commercial Portfolio Segment [Member] | Small Business Administration Agency Securities [Member] | Financial Asset, Past Due [Member]

2,085

1,228

Commercial Portfolio Segment [Member] | Small Business Administration Agency Securities [Member] | Financial Asset, Not Past Due [Member]

2,441

2,395

Commercial Portfolio Segment [Member] | Other Loans [Member]

49,633

59,016

12,569

20,699

Commercial Portfolio Segment [Member] | Other Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member]

^[2]

Commercial Portfolio Segment [Member] | Other Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member]

160

154

Commercial Portfolio Segment [Member] | Other Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]

Commercial Portfolio Segment [Member] | Other Loans [Member] | Financial Asset, Past Due [Member]

Commercial Portfolio Segment [Member] | Other Loans [Member] | Financial Asset, Not Past Due [Member]

188

329

PGB Holdings Inc. [Member]

$ 12,381

$ 20,370

[1]	net of discounts and deferred fees and costs
[2]	Included in total loans.
[3]	includes non-farm & non-residential real estate loans, multifamily resident and 1-4 family single family residential loan for a business purpose

Note 9 - Long-term Debt (Details Textual) - USD ($) $ in Thousands		1 Months Ended
	Dec. 01, 2023	Mar. 31, 2021	Nov. 30, 2018	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument, Face Amount				$ 120,000	$ 175,000
Six Point One Eight Percent Fixed To Floating Rate Subordinated Debentures Due December First Two Thousands Twenty Eight [Member]
Debt Instrument, Face Amount			$ 55,000	0	55,000
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate			6.18%
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed	100.00%
Six Point One Eight Percent Fixed To Floating Rate Subordinated Debentures Due December First Two Thousands Twenty Eight [Member] \| London Interbank Offered Rate [Member]
Debt Instrument, Basis Spread on Variable Rate			3.15%
Four Percent Fixed To Floating Rate Subordinated Debentures Due April First Two Thousand Thirty One [Member]
Debt Instrument, Face Amount		$ 120,000		$ 120,000	$ 120,000
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate		4.00%
Four Percent Fixed To Floating Rate Subordinated Debentures Due April First Two Thousand Thirty One [Member] \| Secured Overnight Financing Rate (SOFR) [Member]
Debt Instrument, Basis Spread on Variable Rate		3.29%

Note 3 - Acquisitions (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

	*BOTO*			*Fair Value*			*Fair*
*(dollars in thousands)*	*Book Value*			*Adjustments*			*Value*
Assets acquired
Cash and cash equivalents	$	312		$	—		$	312
Loans, gross		7,352			38			7,390
Bank premises and equipment		12			—			12
Core deposit intangible		—			729			729
Other assets		412			(360	)		52
Total assets acquired	$	8,088		$	407		$	8,495

Liabilities assumed
Deposits	$	81,673		$	27		$	81,700
Escrow Payable		2			—			2
Other liabilities		460			(372	)		88
Total liabilities assumed		82,135			(345	)		81,790
Excess of assets acquired over liabilities assumed		(74,047	)		752			(73,295	)
	$	8,088		$	407
Cash received								71,040
Goodwill recognized							$	2,255

Note 2 - Basis of Presentation and Summary of Significant Accounting Policies (Details Textual) - USD ($)		12 Months Ended
	Jan. 01, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Sep. 30, 2023	Jan. 14, 2022
Cash Reserve Deposit Required and Made		$ 0	$ 0
Gain (Loss) on Sale of Mortgage Loans		112,000	1,200,000	$ 7,900,000
Gain (Loss) on Sales of Small Business Administration Loans		262,000	696,000	2,100,000
Goodwill		71,498,000	71,498,000
Goodwill, Impairment Loss		0	0
Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount					9.60%
Equity Securities without Readily Determinable Fair Value, Amount		22,300,000	22,200,000
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount		0	0	360,000
Accounting Standards Update 2019-11 [Member] \| Cumulative Effect, Period of Adoption, Adjustment [Member]
Allowance for Loan and Lease Losses, Period Increase (Decrease)	$ 2,100,000
The 401(k) Plan [Member]
Defined Contribution Plan, Employer Discretionary Contribution Amount		$ 707,000	594,000	$ 532,000
Acquisition of the Honolulu, Hawaii Branch Office of the Bank of the Orient [Member]
Goodwill						$ 2,300,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles						729,000
Acquisition of the Honolulu, Hawaii Branch Office of the Bank of the Orient [Member] \| Core Deposits [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles						$ 729,000
Minimum [Member] \| Core Deposits [Member]
Finite-Lived Intangible Asset, Useful Life (Year)		8 years
Maximum [Member] \| Core Deposits [Member]
Finite-Lived Intangible Asset, Useful Life (Year)		10 years
Premises [Member]
Property, Plant and Equipment, Useful Life (Year)		30 years
Leasehold Improvements [Member] \| Minimum [Member]
Property, Plant and Equipment, Useful Life (Year)		3 years
Leasehold Improvements [Member] \| Maximum [Member]
Property, Plant and Equipment, Useful Life (Year)		10 years
Available-for-Sale Securities [Member]
Interest Receivable		$ 919,000	759,000
Held-to-Maturity Securities [Member]
Interest Receivable		$ 43,000	$ 51,000

Note 15 - Related Party Transactions

12 Months Ended

Dec. 31, 2023

NOTE 15 - RELATED PARTY TRANSACTIONS

Loans to principal officers, directors, and their affiliates were as follows:

	For the year ended December 31,
*(dollars in thousands)*	2023			2022
Beginning balance	$	6,869		$	8,441
Repayments		—			(1,572	)
Balance re-categorized to non-related party		(6,869	)		—
Ending balance	$	—		$	6,869

Outstanding loan commitments to executive officers, directors and their related interests with whom they are associated were none and $1.6 million as of December 31, 2023 and 2022, respectively.

Deposits from principal officers, directors, and their affiliates at December 31, 2023 and 2022 were $25.7 million and $88.1 million, respectively.

Certain directors and their affiliates own $6.0 million of RBB subordinated debentures as of December 31, 2023 and $8.1 million as of December 31, 2022.

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-Name Accounting Standards Codification
-Section 50
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-URI https://asc.fasb.org//1943274/2147480990/946-20-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
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-URI https://asc.fasb.org//1943274/2147480990/946-20-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
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-URI https://asc.fasb.org//1943274/2147480990/946-20-50-6

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-SubTopic 235
-Name Accounting Standards Codification
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
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-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
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-Paragraph 1
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-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

Note 13 - Commitments and Contingencies - Schedule of Financial Commitments Represents Credit Risk (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Financial commitments, contractual amount, fixed rate	$ 12,959	$ 17,602
Financial commitments, contractual amount, variable rate	177,791	327,922
Standby Letters of Credit [Member]
Financial commitments, contractual amount, fixed rate	1,626	1,577
Financial commitments, contractual amount, variable rate	1,061	1,061
Commitments to Make Loans [Member]
Financial commitments, contractual amount, fixed rate	614	1,141
Financial commitments, contractual amount, variable rate	77,230	128,680
Unused lines of Credit [Member]
Financial commitments, contractual amount, fixed rate	10,629	13,730
Financial commitments, contractual amount, variable rate	95,686	197,314
Commercial And Similar Letters Of Credit [Member]
Financial commitments, contractual amount, fixed rate	90	1,154
Financial commitments, contractual amount, variable rate	$ 3,814	$ 867

Consolidated Balance Sheets (Parentheticals) - USD ($) $ / shares in Thousands, $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Securities held to maturity, fair value	$ 5,097	$ 5,563
Subordinated Debentures, Unamortized Valuation Reserve	$ 2,589	$ 2,807
Preferred stock, shares authorized (in shares)	100,000,000	100,000,000
Preferred stock, no par value (in dollars per share)	$ 0	$ 0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, shares issued (in shares)	18,609,179	18,965,776
Common stock, shares outstanding (in shares)	18,609,179	18,965,776

Document And Entity Information - USD ($)	12 Months Ended
Document And Entity Information - USD ($)	Dec. 31, 2023	Mar. 08, 2024	Jun. 30, 2023
Document Information [Line Items]
Entity Central Index Key	0001499422
Entity Registrant Name	RBB Bancorp
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2023
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
Document Transition Report	false
Entity File Number	001-38149
Entity Incorporation, State or Country Code	CA
Entity Tax Identification Number	27-2776416
Entity Address, Address Line One	1055 Wilshire Blvd., 12th floor
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	627-9888
Title of 12(b) Security	Common Stock, No Par Value
Trading Symbol	RBB
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 207,343,729
Entity Common Stock, Shares Outstanding		18,621,781
Auditor Name	Crowe LLP
Auditor Location	Los Angeles, California
Auditor Firm ID	173

Note 5 - Loans and Allowance for Credit Losses - Loans (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

*(dollars in thousands)*	*2023*			*2022*
Loans: ⁽¹⁾
Construction and land development	$181,469			$276,876
Commercial real estate ⁽²⁾		1,167,857			1,312,132
Single-family residential mortgages		1,487,796			1,464,108
Commercial and industrial		130,096			201,223
SBA		52,074			61,411
Other loans		12,569			20,699
Total loans ⁽¹⁾	$	3,031,861		$	3,336,449
Allowance for loan losses		(41,903	)		(41,076	)
Total loans, net	$	2,989,958		$	3,295,373

Financing Receivable, Allowance for Credit Loss [Table Text Block]

*(dollars in thousands)*	*2023*									*2022*									*2021 (1*								)
	*Allowance for loan losses*			*Reserve for unfunded loan commitments*			*Allowance for credit losses*			*Allowance for loan losses*			*Reserve for unfunded loan commitments*			*Allowance for credit losses*			*Allowance for loan losses*			*Reserve for unfunded loan commitments*			*Allowance for credit losses*
Beginning balance	$	41,076		$	1,156		$	42,232		$	32,912		$	1,203		$	34,115		$	29,337		$	1,383		$	30,720
ASU 2016-13 transition adjustment		—			—			—			2,135			1,045			3,180			—			—			—
Adjusted beginning balance	$	41,076		$	1,156		$	42,232		$	35,047		$	2,248		$	37,295		$	29,337		$	1,383		$	30,720
Provision/(reversal) for credit losses		3,878			(516	)		3,362			6,027			(1,092	)		4,935			3,959			(180	)		3,779
Less loans charged-off		(3,194	)		—			(3,194	)		(256	)		—			(256	)		(627	)		—			(627	)
Recoveries on loans charged-off		143			—			143			258			—			258			243			—			243
Ending balance	$	41,903		$	640		$	42,543		$	41,076		$	1,156		$	42,232		$	32,912		$	1,203		$	34,115

*(dollars in thousands)*
December 31, 2023	*Construction and land development*			*Commercial real estate*			*Single-family residential mortgages*			*Commercial and industrial*			*SBA*			*Other*			*Total*
Allowance for loan losses:
Beginning of year	$	2,638		$	17,657		$	17,640		$	1,804		$	621		$	716		$	41,076
(Reversals)/provisions for credit losses		(1,279	)		2,626			2,570			(458	)		636			(217	)		3,878
Charge-offs		(140	)		(2,537	)		(93	)		—			(62	)		(362	)		(3,194	)
Recoveries		—			80			—			2			1			60			143
Ending allowance balance	$	1,219		$	17,826		$	20,117		$	1,348		$	1,196		$	197		$	41,903

*(dollars in thousands)*
December 31, 2022	*Construction and land development*			*Commercial real estate*			*Single-family residential mortgages*		*Commercial and industrial*			*SBA*			*Other*			*Total*
Allowance for loan losses:
Beginning of year	$	4,150		$	16,603		$	7,839	$	2,813		$	980		$	527		$	32,912
ASU 2016-13 Transition Adjustment		314			(2,662	)		3,960		(188	)		(416	)		1,127			2,135
Adjusted beginning balance	$	4,464		$	13,941		$	11,799	$	2,625		$	564		$	1,654		$	35,047
(Reversals)/provisions for credit losses		(1,826	)		3,716			5,841		(818	)		(156	)		(730	)		6,027
Charge-offs		—			—			—		(5	)		(14	)		(237	)		(256	)
Recoveries		—			—			—		2			227			29			258
Ending allowance balance	$	2,638		$	17,657		$	17,640	$	1,804		$	621		$	716		$	41,076

*(dollars in thousands)*
December 31, 2021	*Construction and land development*		*Commercial real estate*			*Single-family residential mortgages*			*Commercial and industrial*			*SBA*		*Other*			*Total*
Allowance for loan losses:
Beginning of year	$	2,472	$	13,719		$	8,486		$	3,690		$	927	$	43		$	29,337
Provisions/(reversals)		1,678		2,951			(647	)		(533	)		53		457			3,959
Charge-offs		—		(67	)		—			(501	)		—		(59	)		(627	)
Recoveries		—		—			—			157			—		86			243
Ending allowance balance	$	4,150	$	16,603		$	7,839		$	2,813		$	980	$	527		$	32,912

Financing Receivable Credit Quality Indicators [Table Text Block]

*(dollars in thousands)*	*Term Loan by Vintage*
December 31, 2023	*2023*		*2022*		*2021*		*2020*		*2019*		*Prior*		*Revolving*		*Revolving Converted to Term During the Period*		*Total*
Real estate:
Construction and land development
Pass	$	127,602	$	25,880	$	12,168	$	3,919	$	192	$	32	$	—	$	—	$	169,793
Special mention		—		—		11,676		—		—		—		—		—		11,676
Substandard		—		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	127,602	$	25,880	$	23,844	$	3,919	$	192	$	32	$	—	$	—	$	181,469
YTD gross write-offs	$	—	$	—	$	—	$	—	$	—	$	140	$	—	$	—	$	140
Commercial real estate
Pass	$	90,126	$	423,564	$	186,904	$	175,650	$	94,796	$	152,847	$	—	$	—	$	1,123,887
Special mention		—		—		—		—		7,719		4,880		—		—		12,599
Substandard		301		—		—		11,410		2,295		17,365		—		—		31,371
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	90,427	$	423,564	$	186,904	$	187,060	$	104,810	$	175,092	$	—	$	—	$	1,167,857
YTD gross write-offs	$	—	$	2,078	$	—	$	459	$	—	$	—	$	—	$	—	$	2,537
Single-family residential mortgages
Pass	$	156,372	$	593,539	$	239,502	$	125,346	$	83,002	$	265,050	$	1,720	$	—	$	1,464,531
Special mention		—		—		619		—		—		3,855		—		—		4,474
Substandard		—		719		758		4,985		545		11,740		44		—		18,791
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	156,372	$	594,258	$	240,879	$	130,331	$	83,547	$	280,645	$	1,764	$	—	$	1,487,796
YTD gross write-offs	$	—	$	—	$	—	$	93	$	—	$	—	$	—	$	—	$	93
Commercial:
Commercial and industrial
Pass	$	1,305	$	3,283	$	6,281	$	2,901	$	2,049	$	4,700	$	99,339	$	—	$	119,858
Special mention		—		—		—		—		—		—		2,737		—		2,737
Substandard		—		87		—		1,410		7		4,952		1,045		—		7,501
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	1,305	$	3,370	$	6,281	$	4,311	$	2,056	$	9,652	$	103,121	$	—	$	130,096
YTD gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
SBA
Pass	$	5,642	$	11,023	$	10,037	$	2,324	$	4,588	$	13,783	$	—	$	—	$	47,397
Special mention		—		—		331		—		—		1,025		—		—		1,356
Substandard		—		—		—		—		85		3,236		—		—		3,321
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	5,642	$	11,023	$	10,368	$	2,324	$	4,673	$	18,044	$	—	$	—	$	52,074
YTD gross write-offs	$	—	$	—	$	—	$	—	$	—	$	62	$	—	$	—	$	62
Other:
Pass	$	193	$	2,727	$	8,813	$	674	$	29	$	—	$	18	$	—	$	12,454
Special mention		—		—		—		—		—		—		—		—		—
Substandard		—		80		28		7		—		—		—		—		115
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	193	$	2,807	$	8,841	$	681	$	29	$	—	$	18	$	—	$	12,569
YTD gross write-offs	$	—	$	79	$	273	$	10	$	—	$	—	$	—	$	—	$	362
Total by risk rating:
Pass	$	381,240	$	1,060,016	$	463,705	$	310,814	$	184,656	$	436,412	$	101,077	$	—	$	2,937,920
Special mention		—		—		12,626		—		7,719		9,760		2,737		—		32,842
Substandard		301		886		786		17,812		2,932		37,293		1,089		—		61,099
Doubtful		—		—		—		—		—		—		—		—		—
Total loans	$	381,541	$	1,060,902	$	477,117	$	328,626	$	195,307	$	483,465	$	104,903	$	—	$	3,031,861
Total YTD gross write-offs	$	—	$	2,157	$	273	$	562	$	—	$	202	$	—	$	—	$	3,194

*(Dollars in thousands)*	*Term Loan by Vintage*
December 31, 2022	*2022*		*2021*		*2020*		*2019*		*2018*		*Prior*		*Revolving*		*Revolving Converted to Term During the Period*		*Total*
Real estate:
Construction and land development
Pass	$	125,216	$	52,262	$	99,016	$	201	$	—	$	40	$	—	$	—	$	276,735
Special mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		141		—		—		141
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	125,216	$	52,262	$	99,016	$	201	$	—	$	181	$	—	$	—	$	276,876
YTD gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial real estate
Pass	$	479,304	$	293,058	$	195,051	$	110,442	$	73,013	$	117,068	$	—	$	—	$	1,267,936
Special mention		—		—		9,280		—		—		—		—		—		9,280
Substandard		287		—		8,652		2,329		222		23,426		—		—		34,916
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	479,591	$	293,058	$	212,983	$	112,771	$	73,235	$	140,494	$	—	$	—	$	1,312,132
YTD gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Single-family residential mortgages
Pass	$	637,893	$	255,529	$	137,964	$	96,355	$	134,415	$	182,893	$	2,992	$	—	$	1,448,041
Special mention		—		—		—		—		3,925		—		—		—		3,925
Substandard		—		—		3,954		—		7,631		452		105		—		12,142
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	637,893	$	255,529	$	141,918	$	96,355	$	145,971	$	183,345	$	3,097	$	—	$	1,464,108
YTD gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial:
Commercial and industrial
Pass	$	8,038	$	7,513	$	4,448	$	3,470	$	1,016	$	8,827	$	129,483	$	86	$	162,881
Special mention		—		5,987		—		—		1,638		17,805		3,577		—		29,007
Substandard		—		—		1,600		16		—		339		7,380		—		9,335
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	8,038	$	13,500	$	6,048	$	3,486	$	2,654	$	26,971	$	140,440	$	86	$	201,223
YTD gross write-offs	$	—	$	—	$	—	$	5	$	—	$	—	$	—	$	—	$	5
SBA
Pass	$	14,922	$	10,664	$	6,496	$	4,688	$	2,579	$	16,793	$	—	$	—	$	56,142
Special mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		91		1,017		4,161		—		—		5,269
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	14,922	$	10,664	$	6,496	$	4,779	$	3,596	$	20,954	$	—	$	—	$	61,411
YTD gross write-offs	$	—	$	—	$	—	$	—	$	—	$	14	$	—	$	—	$	14
Other:
Pass	$	4,224	$	14,684	$	1,505	$	90	$	7	$	—	$	26	$	—	$	20,536
Special mention		—		—		—		—		—		—		—		—		—
Substandard		105		48		10		—		—		—		—		—		163
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	4,329	$	14,732	$	1,515	$	90	$	7	$	—	$	26	$	—	$	20,699
YTD gross write-offs	$	—	$	237	$	—	$	—	$	—	$	—	$	—	$	—	$	237
Total by risk rating:
Pass	$	1,269,597	$	633,710	$	444,480	$	215,246	$	211,030	$	325,621	$	132,501	$	86	$	3,232,271
Special mention		—		5,987		9,280		—		5,563		17,805		3,577		—		42,212
Substandard		392		48		14,216		2,436		8,870		28,519		7,485		—		61,966
Doubtful		—		—		—		—		—		—		—		—		—
Total loans	$	1,269,989	$	639,745	$	467,976	$	217,682	$	225,463	$	371,945	$	143,563	$	86	$	3,336,449
Total YTD gross write-offs	$	—	$	237	$	—	$	5	$	—	$	14	$	—	$	—	$	256

Financing Receivable, Past Due [Table Text Block]

*(dollars in thousands)*	30-59		60-89		*90 Days*		*Total*		*Loans Not*				*Non-Accrual*
December 31, 2023	*Days*		*Days*		*Or More*		*Past Due*		*Past Due*		*Total Loans*		Loans ⁽¹⁾
Real estate:
Construction and land development	$	—	$	—	$	—	$	—	$	181,469	$	181,469	$	—
Commercial real estate		1,341		216		1,582		3,139		1,164,718		1,167,857		10,569
Single-family residential mortgages		9,050		5,795		15,134		29,979		1,457,817		1,487,796		18,103
Commercial:
Commercial and industrial		1,544		—		854		2,398		127,698		130,096		854
SBA		356		—		2,085		2,441		49,633		52,074		2,085
Other:		160		20		8		188		12,381		12,569		8
	$	12,451	$	6,031	$	19,663	$	38,145	$	2,993,716	$	3,031,861	$	31,619
Real estate:
Single-family residential mortgage loans held for sale	$	—	$	—	$	—	$	—	$	1,911	$	1,911	$	—

*(dollars in thousands)*	30-59		60-89		*90 Days*		*Total*		*Loans Not*				*Non-Accrual*
December 31, 2022	*Days*		*Days*		*Or More*		*Past Due*		*Past Due*		*Total Loans*		Loans ⁽¹⁾
Real estate:
Construction and land development	$	—	$	—	$	141	$	141	$	276,735	$	276,876	$	141
Commercial real estate		558		240		1,191		1,989		1,310,143		1,312,132		13,189
Single-family residential mortgages		12,764		2,555		4,100		19,419		1,444,689		1,464,108		5,936
Commercial:
Commercial and industrial		—		545		7		552		200,671		201,223		713
SBA		150		1,017		1,228		2,395		59,016		61,411		2,245
Other:		154		76		99		329		20,370		20,699		99
	$	13,626	$	4,433	$	6,766	$	24,825	$	3,311,624	$	3,336,449	$	22,323
Real estate:
Single-family residential mortgage loans held for sale	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Financing Receivable, Nonaccrual [Table Text Block]

	*Nonaccrual*
	*With No*
*(dollars in thousands)*	*Allowance*
December 31, 2023	*for Credit Loss*		*Nonaccrual*
Real estate:
Commercial real estate		10,569		10,569
Single-family residential mortgages		18,103		18,103
Commercial:
Commercial and industrial		610		854
SBA		937		2,085
Other:		—		8
Total	$	30,219	$	31,619

	Nonaccrual
	With No
*(dollars in thousands)*	*Allowance*
December 31, 2022	*for Credit Loss*		*Nonaccrual*
Real estate:
Construction and land development	$	141	$	141
Commercial real estate		1,191		13,189
Single-family residential mortgages		5,936		5,936
Commercial:
Commercial and industrial		713		713
SBA		2,245		2,245
Other:		51		99
Total	$	10,277	$	22,323

Note 11 - Borrowing Arrangements (Details Textual) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Financing Receivable, before Allowance for Credit Loss

^[1]

$ 3,031,861

$ 3,336,449

Long-Term Federal Home Loan Bank Advances

$ 150,000

Federal Home Loan Bank, Advances, Activity for Year, Average Interest Rate at Period End

1.18%

Advances from Federal Home Loan Banks, Total

$ 150,000

220,000

Federal Home Loan Bank Advances [Member]

Debt Instrument, Term (Year)

5 years

Interest Paid, Including Capitalized Interest, Operating and Investing Activities

$ 2,900

$ 1,800

Federal Reserve Bank of San Francisco Secured Line of Credit [Member]

Line of Credit Facility, Maximum Borrowing Capacity

42,300

Federal Reserve Bank of San Francisco Secured Line of Credit [Member] | Asset Pledged as Collateral [Member]

Financing Receivable, before Allowance for Credit Loss

62,800

Federal Home Loan Bank Secured Line of Credit [Member]

Line of Credit Facility, Maximum Borrowing Capacity

1,000,000

Federal Home Loan Bank Secured Line of Credit [Member] | Asset Pledged as Collateral [Member]

Financing Receivable, before Allowance for Credit Loss

1,500,000

Federal Home Loan Bank Overnight Advances [Member]

Long-Term Federal Home Loan Bank Advances

Advances from Federal Home Loan Banks, Total

Other Financial Institutions [Member]

Line of Credit Facility, Maximum Borrowing Capacity

92,000

Wells Fargo Bank [Member] | Line of Credit [Member]

Line of Credit Facility, Maximum Borrowing Capacity

$ 2,000

[1]	net of discounts and deferred fees and costs

Note 19 - Earnings Per Share ("EPS") (Details Textual) - Common Stock [Member] - shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-Based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	332,500	0	0
Restricted Stock Units (RSUs) [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	6,012	0	0

Note 5 - Loans and Allowance for Credit Losses - Loans

12 Months Ended

Dec. 31, 2023

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

NOTE 5 - LOANS AND ALLOWANCE FOR CREDIT LOSSES - LOANS

The Company's loan portfolio consists primarily of loans to borrowers within the Los Angeles, California metropolitan area, the New York City metropolitan area, Chicago, Illinois metropolitan area and Las Vegas, Nevada. Although the Company seeks to avoid concentrations of loans to a single industry or based upon a single class of collateral, real estate and real estate associated businesses are among the principal industries in the Company's market area and, as a result, the Company's loan and collateral portfolios are, to some degree, concentrated in those industries.

The types of loans in the Company's consolidated balance sheets as of December 31, 2023, and December 31, 2022 were as follows:

*(dollars in thousands)*	*2023*			*2022*
Loans: ⁽¹⁾
Construction and land development	$181,469			$276,876
Commercial real estate ⁽²⁾		1,167,857			1,312,132
Single-family residential mortgages		1,487,796			1,464,108
Commercial and industrial		130,096			201,223
SBA		52,074			61,411
Other loans		12,569			20,699
Total loans ⁽¹⁾	$	3,031,861		$	3,336,449
Allowance for loan losses		(41,903	)		(41,076	)
Total loans, net	$	2,989,958		$	3,295,373

(1)	net of discounts on acquired loans and deferred fees and costs
(2)	includes non-farm & non-residential real estate loans, multifamily resident and 1-4 family single-family residential loan for a business purpose

A summary of the changes in the ACL for the years indicated follows:

*(dollars in thousands)*	*2023*									*2022*									*2021 (1*								)
	*Allowance for loan losses*			*Reserve for unfunded loan commitments*			*Allowance for credit losses*			*Allowance for loan losses*			*Reserve for unfunded loan commitments*			*Allowance for credit losses*			*Allowance for loan losses*			*Reserve for unfunded loan commitments*			*Allowance for credit losses*
Beginning balance	$	41,076		$	1,156		$	42,232		$	32,912		$	1,203		$	34,115		$	29,337		$	1,383		$	30,720
ASU 2016-13 transition adjustment		—			—			—			2,135			1,045			3,180			—			—			—
Adjusted beginning balance	$	41,076		$	1,156		$	42,232		$	35,047		$	2,248		$	37,295		$	29,337		$	1,383		$	30,720
Provision/(reversal) for credit losses		3,878			(516	)		3,362			6,027			(1,092	)		4,935			3,959			(180	)		3,779
Less loans charged-off		(3,194	)		—			(3,194	)		(256	)		—			(256	)		(627	)		—			(627	)
Recoveries on loans charged-off		143			—			143			258			—			258			243			—			243
Ending balance	$	41,903		$	640		$	42,543		$	41,076		$	1,156		$	42,232		$	32,912		$	1,203		$	34,115

(1) Reserve was under the ALL method in accordance with ASC 450 and ASC 310.

The following tables present the activity in the ALL by portfolio segment for the years ended December 31, 2023 and 2022:

*(dollars in thousands)*
December 31, 2023	*Construction and land development*			*Commercial real estate*			*Single-family residential mortgages*			*Commercial and industrial*			*SBA*			*Other*			*Total*
Allowance for loan losses:
Beginning of year	$	2,638		$	17,657		$	17,640		$	1,804		$	621		$	716		$	41,076
(Reversals)/provisions for credit losses		(1,279	)		2,626			2,570			(458	)		636			(217	)		3,878
Charge-offs		(140	)		(2,537	)		(93	)		—			(62	)		(362	)		(3,194	)
Recoveries		—			80			—			2			1			60			143
Ending allowance balance	$	1,219		$	17,826		$	20,117		$	1,348		$	1,196		$	197		$	41,903

*(dollars in thousands)*
December 31, 2022	*Construction and land development*			*Commercial real estate*			*Single-family residential mortgages*		*Commercial and industrial*			*SBA*			*Other*			*Total*
Allowance for loan losses:
Beginning of year	$	4,150		$	16,603		$	7,839	$	2,813		$	980		$	527		$	32,912
ASU 2016-13 Transition Adjustment		314			(2,662	)		3,960		(188	)		(416	)		1,127			2,135
Adjusted beginning balance	$	4,464		$	13,941		$	11,799	$	2,625		$	564		$	1,654		$	35,047
(Reversals)/provisions for credit losses		(1,826	)		3,716			5,841		(818	)		(156	)		(730	)		6,027
Charge-offs		—			—			—		(5	)		(14	)		(237	)		(256	)
Recoveries		—			—			—		2			227			29			258
Ending allowance balance	$	2,638		$	17,657		$	17,640	$	1,804		$	621		$	716		$	41,076

The following table presents the activity in the ALL by portfolio segment for the year ended December 31, 2021, prior to the adoption of ASU 2016-13:

*(dollars in thousands)*
December 31, 2021	*Construction and land development*		*Commercial real estate*			*Single-family residential mortgages*			*Commercial and industrial*			*SBA*		*Other*			*Total*
Allowance for loan losses:
Beginning of year	$	2,472	$	13,719		$	8,486		$	3,690		$	927	$	43		$	29,337
Provisions/(reversals)		1,678		2,951			(647	)		(533	)		53		457			3,959
Charge-offs		—		(67	)		—			(501	)		—		(59	)		(627	)
Recoveries		—		—			—			157			—		86			243
Ending allowance balance	$	4,150	$	16,603		$	7,839		$	2,813		$	980	$	527		$	32,912

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, collateral adequacy, credit documentation, and current economic trends, among other factors. The Company analyzes loans individually by classifying the loans as to credit risk. This analysis typically includes larger, non-homogeneous loans such as commercial real estate and commercial and industrial loans. This analysis is performed on an ongoing basis as new information is obtained. The Company uses the following definitions for risk ratings:

Pass - Loans classified as pass include loans not meeting the risk ratings defined below.

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 institution'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.

The following tables summarize the Company's loan held for investment as of December 31, 2023 and 2022 by loan portfolio segments, risk ratings and vintage year. The vintage year is the year of origination, renewal or major modification. Revolving loans that are converted to term loans presented in the table below are excluded from the term loans by vintage year columns.

*(dollars in thousands)*	*Term Loan by Vintage*
December 31, 2023	*2023*		*2022*		*2021*		*2020*		*2019*		*Prior*		*Revolving*		*Revolving Converted to Term During the Period*		*Total*
Real estate:
Construction and land development
Pass	$	127,602	$	25,880	$	12,168	$	3,919	$	192	$	32	$	—	$	—	$	169,793
Special mention		—		—		11,676		—		—		—		—		—		11,676
Substandard		—		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	127,602	$	25,880	$	23,844	$	3,919	$	192	$	32	$	—	$	—	$	181,469
YTD gross write-offs	$	—	$	—	$	—	$	—	$	—	$	140	$	—	$	—	$	140
Commercial real estate
Pass	$	90,126	$	423,564	$	186,904	$	175,650	$	94,796	$	152,847	$	—	$	—	$	1,123,887
Special mention		—		—		—		—		7,719		4,880		—		—		12,599
Substandard		301		—		—		11,410		2,295		17,365		—		—		31,371
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	90,427	$	423,564	$	186,904	$	187,060	$	104,810	$	175,092	$	—	$	—	$	1,167,857
YTD gross write-offs	$	—	$	2,078	$	—	$	459	$	—	$	—	$	—	$	—	$	2,537
Single-family residential mortgages
Pass	$	156,372	$	593,539	$	239,502	$	125,346	$	83,002	$	265,050	$	1,720	$	—	$	1,464,531
Special mention		—		—		619		—		—		3,855		—		—		4,474
Substandard		—		719		758		4,985		545		11,740		44		—		18,791
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	156,372	$	594,258	$	240,879	$	130,331	$	83,547	$	280,645	$	1,764	$	—	$	1,487,796
YTD gross write-offs	$	—	$	—	$	—	$	93	$	—	$	—	$	—	$	—	$	93
Commercial:
Commercial and industrial
Pass	$	1,305	$	3,283	$	6,281	$	2,901	$	2,049	$	4,700	$	99,339	$	—	$	119,858
Special mention		—		—		—		—		—		—		2,737		—		2,737
Substandard		—		87		—		1,410		7		4,952		1,045		—		7,501
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	1,305	$	3,370	$	6,281	$	4,311	$	2,056	$	9,652	$	103,121	$	—	$	130,096
YTD gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
SBA
Pass	$	5,642	$	11,023	$	10,037	$	2,324	$	4,588	$	13,783	$	—	$	—	$	47,397
Special mention		—		—		331		—		—		1,025		—		—		1,356
Substandard		—		—		—		—		85		3,236		—		—		3,321
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	5,642	$	11,023	$	10,368	$	2,324	$	4,673	$	18,044	$	—	$	—	$	52,074
YTD gross write-offs	$	—	$	—	$	—	$	—	$	—	$	62	$	—	$	—	$	62
Other:
Pass	$	193	$	2,727	$	8,813	$	674	$	29	$	—	$	18	$	—	$	12,454
Special mention		—		—		—		—		—		—		—		—		—
Substandard		—		80		28		7		—		—		—		—		115
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	193	$	2,807	$	8,841	$	681	$	29	$	—	$	18	$	—	$	12,569
YTD gross write-offs	$	—	$	79	$	273	$	10	$	—	$	—	$	—	$	—	$	362
Total by risk rating:
Pass	$	381,240	$	1,060,016	$	463,705	$	310,814	$	184,656	$	436,412	$	101,077	$	—	$	2,937,920
Special mention		—		—		12,626		—		7,719		9,760		2,737		—		32,842
Substandard		301		886		786		17,812		2,932		37,293		1,089		—		61,099
Doubtful		—		—		—		—		—		—		—		—		—
Total loans	$	381,541	$	1,060,902	$	477,117	$	328,626	$	195,307	$	483,465	$	104,903	$	—	$	3,031,861
Total YTD gross write-offs	$	—	$	2,157	$	273	$	562	$	—	$	202	$	—	$	—	$	3,194

*(Dollars in thousands)*	*Term Loan by Vintage*
December 31, 2022	*2022*		*2021*		*2020*		*2019*		*2018*		*Prior*		*Revolving*		*Revolving Converted to Term During the Period*		*Total*
Real estate:
Construction and land development
Pass	$	125,216	$	52,262	$	99,016	$	201	$	—	$	40	$	—	$	—	$	276,735
Special mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		141		—		—		141
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	125,216	$	52,262	$	99,016	$	201	$	—	$	181	$	—	$	—	$	276,876
YTD gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial real estate
Pass	$	479,304	$	293,058	$	195,051	$	110,442	$	73,013	$	117,068	$	—	$	—	$	1,267,936
Special mention		—		—		9,280		—		—		—		—		—		9,280
Substandard		287		—		8,652		2,329		222		23,426		—		—		34,916
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	479,591	$	293,058	$	212,983	$	112,771	$	73,235	$	140,494	$	—	$	—	$	1,312,132
YTD gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Single-family residential mortgages
Pass	$	637,893	$	255,529	$	137,964	$	96,355	$	134,415	$	182,893	$	2,992	$	—	$	1,448,041
Special mention		—		—		—		—		3,925		—		—		—		3,925
Substandard		—		—		3,954		—		7,631		452		105		—		12,142
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	637,893	$	255,529	$	141,918	$	96,355	$	145,971	$	183,345	$	3,097	$	—	$	1,464,108
YTD gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial:
Commercial and industrial
Pass	$	8,038	$	7,513	$	4,448	$	3,470	$	1,016	$	8,827	$	129,483	$	86	$	162,881
Special mention		—		5,987		—		—		1,638		17,805		3,577		—		29,007
Substandard		—		—		1,600		16		—		339		7,380		—		9,335
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	8,038	$	13,500	$	6,048	$	3,486	$	2,654	$	26,971	$	140,440	$	86	$	201,223
YTD gross write-offs	$	—	$	—	$	—	$	5	$	—	$	—	$	—	$	—	$	5
SBA
Pass	$	14,922	$	10,664	$	6,496	$	4,688	$	2,579	$	16,793	$	—	$	—	$	56,142
Special mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		91		1,017		4,161		—		—		5,269
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	14,922	$	10,664	$	6,496	$	4,779	$	3,596	$	20,954	$	—	$	—	$	61,411
YTD gross write-offs	$	—	$	—	$	—	$	—	$	—	$	14	$	—	$	—	$	14
Other:
Pass	$	4,224	$	14,684	$	1,505	$	90	$	7	$	—	$	26	$	—	$	20,536
Special mention		—		—		—		—		—		—		—		—		—
Substandard		105		48		10		—		—		—		—		—		163
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	4,329	$	14,732	$	1,515	$	90	$	7	$	—	$	26	$	—	$	20,699
YTD gross write-offs	$	—	$	237	$	—	$	—	$	—	$	—	$	—	$	—	$	237
Total by risk rating:
Pass	$	1,269,597	$	633,710	$	444,480	$	215,246	$	211,030	$	325,621	$	132,501	$	86	$	3,232,271
Special mention		—		5,987		9,280		—		5,563		17,805		3,577		—		42,212
Substandard		392		48		14,216		2,436		8,870		28,519		7,485		—		61,966
Doubtful		—		—		—		—		—		—		—		—		—
Total loans	$	1,269,989	$	639,745	$	467,976	$	217,682	$	225,463	$	371,945	$	143,563	$	86	$	3,336,449
Total YTD gross write-offs	$	—	$	237	$	—	$	5	$	—	$	14	$	—	$	—	$	256

The following tables present the aging of the recorded investment in past-due loans as of December 31, 2023 and 2022 by class of loans. Past due loans presented in tables below also include non-accrual loans.

*(dollars in thousands)*	30-59		60-89		*90 Days*		*Total*		*Loans Not*				*Non-Accrual*
December 31, 2023	*Days*		*Days*		*Or More*		*Past Due*		*Past Due*		*Total Loans*		Loans ⁽¹⁾
Real estate:
Construction and land development	$	—	$	—	$	—	$	—	$	181,469	$	181,469	$	—
Commercial real estate		1,341		216		1,582		3,139		1,164,718		1,167,857		10,569
Single-family residential mortgages		9,050		5,795		15,134		29,979		1,457,817		1,487,796		18,103
Commercial:
Commercial and industrial		1,544		—		854		2,398		127,698		130,096		854
SBA		356		—		2,085		2,441		49,633		52,074		2,085
Other:		160		20		8		188		12,381		12,569		8
	$	12,451	$	6,031	$	19,663	$	38,145	$	2,993,716	$	3,031,861	$	31,619
Real estate:
Single-family residential mortgage loans held for sale	$	—	$	—	$	—	$	—	$	1,911	$	1,911	$	—

________________

(1)

Included in total loans

*(dollars in thousands)*	30-59		60-89		*90 Days*		*Total*		*Loans Not*				*Non-Accrual*
December 31, 2022	*Days*		*Days*		*Or More*		*Past Due*		*Past Due*		*Total Loans*		Loans ⁽¹⁾
Real estate:
Construction and land development	$	—	$	—	$	141	$	141	$	276,735	$	276,876	$	141
Commercial real estate		558		240		1,191		1,989		1,310,143		1,312,132		13,189
Single-family residential mortgages		12,764		2,555		4,100		19,419		1,444,689		1,464,108		5,936
Commercial:
Commercial and industrial		—		545		7		552		200,671		201,223		713
SBA		150		1,017		1,228		2,395		59,016		61,411		2,245
Other:		154		76		99		329		20,370		20,699		99
	$	13,626	$	4,433	$	6,766	$	24,825	$	3,311,624	$	3,336,449	$	22,323
Real estate:
Single-family residential mortgage loans held for sale	$	—	$	—	$	—	$	—	$	—	$	—	$	—

(1)

Included in total loans

The Company has no loans that are 90 days or more past due and still accruing at December 31, 2023 and December 31, 2022.

The following tables present the loans on nonaccrual status as of December 31, 2023 and 2022:

	*Nonaccrual*
	*With No*
*(dollars in thousands)*	*Allowance*
December 31, 2023	*for Credit Loss*		*Nonaccrual*
Real estate:
Commercial real estate		10,569		10,569
Single-family residential mortgages		18,103		18,103
Commercial:
Commercial and industrial		610		854
SBA		937		2,085
Other:		—		8
Total	$	30,219	$	31,619

	Nonaccrual
	With No
*(dollars in thousands)*	*Allowance*
December 31, 2022	*for Credit Loss*		*Nonaccrual*
Real estate:
Construction and land development	$	141	$	141
Commercial real estate		1,191		13,189
Single-family residential mortgages		5,936		5,936
Commercial:
Commercial and industrial		713		713
SBA		2,245		2,245
Other:		51		99
Total	$	10,277	$	22,323

At December 31, 2023, nonaccrual commercial real estate loans comprised of $8.8 million collateralized by office, $1.4 million by warehouse, and $360,000 by other.

No interest income was recognized on a cash basis during the years ended December 31, 2023 and 2022. We did not recognize any interest income on nonaccrual loans during the years ended December 31, 2023 and December 31, 2022 while the loans were in nonaccrual status.

Occasionally, the Company modifies loans to borrowers in financial distress by providing principal forgiveness, term extension, or interest rate reduction. The Company may provide multiple types of concessions on one loan. When principal forgiveness is provided, the amount of forgiveness is charged-off against the allowance for loan losses.

There were no loans that were both experiencing financial difficulty and modified during the year ended December 31, 2023 and 2022.

There were no commitments to lend additional amounts at December 31, 2023 and 2022 to customers with outstanding modified loans. There were no nonaccrual loans that were modified during the past twelve months that had payment defaults during the periods.

Note 22 - Parent Only Condensed Financial Information (Tables)

12 Months Ended

Dec. 31, 2023

Condensed Balance Sheet [Table Text Block]

*(dollars in thousands)*	*2023*			*2022*
ASSETS
Cash and cash equivalents	$	47,125		$	43,718
Investment in Bank		589,998			621,580
Investment in RAM		3,244			3,049
Other assets		6,333			6,161
Total assets	$	646,700		$	674,508

LIABILITIES AND SHAREHOLDERS' EQUITY
Long term debt		119,147			173,585
Subordinated debentures		14,938			14,720
Other liabilities		1,355			1,640
Total liabilities		135,440			189,945
Shareholders' equity:
Common stock		271,925			276,912
Additional paid-in capital		3,623			3,361
Retained earnings		255,152			225,883
Non-controlling interest		72			72
Accumulated other comprehensive loss		(19,512	)		(21,665	)
Total shareholders' equity		511,260			484,563
Total liabilities and shareholders' equity	$	646,700		$	674,508

Condensed Income Statement [Table Text Block]

*(dollars in thousands)*	*2023*			*2022*			*2021*
Dividend from subsidiaries	$	85,000		$	—		$	25,000
Interest (reversal)/income		(41	)		52			—
Interest expense		9,951			9,645			8,999
Noninterest expense		1,897			2,056			1,452
Income/(loss) before equity in undistributed income of subsidiaries		73,111			(11,649	)		14,549
(Distributed income in excess of earnings)/undistributed income of:
Bank		(34,477	)		72,340			39,109
RAM		195			57			59
Income before income taxes		38,829			60,748			53,717
Income tax benefit		3,636			3,579			3,189
Net income		42,465			64,327			56,906
Other comprehensive income/(loss)		2,153			(20,009	)		(2,785	)
Total comprehensive income	$	44,618		$	44,318		$	54,121

Condensed Cash Flow Statement [Table Text Block]

*(dollars in thousands)*	*2023*			*2022*			*2021*
Cash flows from operating activities:
Net income	$	42,465		$	64,327		$	56,906
Net amortization of other		780			796			724
Provision for deferred income taxes		(72	)		(57	)		(337	)
Distributed income in excess of earnings/(undistributed income) of subsidiaries		34,282			(72,397	)		(39,168	)
Change in other assets and liabilities		113			216			1,645
Net cash provided by/(used in) operating activities		77,568			(7,115	)		19,770
Cash flows from investment activities:
Purchase of other equity securities, net		(490	)		(1,663	)		(380	)
Net cash used in investing activities		(490	)		(1,663	)		(380	)
Cash flows from financing activities:
Issuance of subordinated debentures, net of issuance costs		—			—			118,111
Redemptions of subordinated debentures		(55,000	)		—			(50,000	)
Dividends paid		(12,163	)		(10,736	)		(9,947	)
Common stock repurchased, net of repurchased costs		(6,803	)		(19,822	)		(10,540	)
Stock options exercised		295			5,476			3,475
Net cash (used in)/provided by financing activities		(73,671	)		(25,082	)		51,099

Increase/(decrease) in cash and cash equivalents		3,407			(33,860	)		70,489
Cash and cash equivalents beginning of year		43,718			77,578			7,089
Cash and cash equivalents end of year	$	47,125		$	43,718		$	77,578

Note 20 - Revenue From Contracts With Customers

12 Months Ended

Dec. 31, 2023

Revenue from Contract with Customer [Text Block]

NOTE 20 – REVENUE FROM CONTRACTS WITH CUSTOMERS

The following is a summary of revenue from contracts with customers that are in-scope and not in-scope under Topic 606:

	*For the Year Ended December 31,*
*(dollars in thousands)*	*2023*		*2022*		*2021*
Non-interest income, in scope ⁽¹⁾
Fees and service charges on deposit accounts	$	2,014	$	2,051	$	2,367
Other fees ⁽²⁾		984		677		2,543
Other income ⁽³⁾		2,158		2,094		2,157
Gain on sale of OREO and fixed assets		166		757		—
Total in-scope non-interest income		5,322		5,579		7,067
Non-interest income, not in scope ⁽⁴⁾		9,696		5,673		11,678
Total non-interest income	$	15,018	$	11,252	$	18,745

(1)	There were no adjustments to the Company's financial statements recorded as a result of the adoption of ASC 606.

(2)	Other fees consist of wealth management fees, miscellaneous loan fees and postage/courier fees.

(3)	Other income consists of safe deposit box rental income, wire transfer fees, security brokerage fees, annuity sales, insurance activity, and OREO income.

(4)

The amounts primarily represent revenue from contracts with customers that are out of scope of ASC 606: Net loan servicing income, letter of credit commissions, import/export commissions, recoveries on purchased loans, BOLI income, gains (losses) on sales of mortgage loans, loans and investment securities, and CDFI ERP award.

The major revenue streams by fee type that are within the scope of ASC 606 presented in the above tables are described in additional detail below:

Fees and Services Charges on Deposit Accounts

Fees and service charges on deposit accounts include charges for analysis, overdraft, cashier's check fees, ATM, and safe deposit activities executed by our deposit clients, as well as interchange income earned through card payment networks for the acceptance of card based transactions. Fees earned from our deposit clients are governed by contracts that provide for overall custody and access to deposited funds and other related services, and can be terminated at will by either party; this includes fees from money service businesses (MSBs). Fees received from deposit clients for the various deposit activities are recognized as revenue once the performance obligations are met. Periodic service charges are generally collected monthly directly from the customer’s deposit account, and at the end of a statement cycle, while transaction based service charges are typically collected at the time of or soon after the service is performed. The adoption of ASU 2014-09 had no impact to the recognition of fees and service charges on deposit accounts.

Wealth Management Fees

The Company employs financial consultants to provide investment planning services for customers including wealth management services, asset allocation strategies, portfolio analysis and monitoring, investment strategies, and risk management strategies. The commission fees the Company earns are variable and are generally received monthly. The Company recognizes revenue for the services performed at quarter-end based on actual transaction details received from the broker dealer the Company engages.

In the Company’s wealth management division, revenue is primarily generated from (1) securities brokerage accounts, (2) investment advisor accounts, (3) full service brokerage implementation fees, and (4) life insurance and annuity products.

Gain (loss) on Sales of Other Real Estate Owned and Fixed Assets

The Company records a gain or loss from the sale of OREO and fixed assets, when control of the property or asset transfers to the buyer, which generally occurs at the time of an executed deed or sales agreement. When the Company finances the sale of OREO to a buyer, the Company assesses whether the buyer is committed to perform their obligations under the contract and whether collectability of the transaction price is probable. Once these criteria are met, the OREO asset is derecognized and the gain or loss on sale is recorded upon transfer of control of the property to the buyer. In determining the gain or loss on the sale, the Company adjusts the transaction price and related gain or loss on sale if a significant financing component is present.

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-9

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-10

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-15

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-13

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org//606/tableOfContent

Note 10 - Subordinated Debentures (Details Textual)		1 Months Ended		12 Months Ended
Note 10 - Subordinated Debentures (Details Textual)	Oct. 01, 2018	Jan. 31, 2020 USD ($) shares	Oct. 31, 2018 USD ($) shares	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2016 USD ($)
Subordinated Debt				$ 14,700,000	$ 14,900,000
Debt Instrument, Face Amount				120,000,000	175,000,000
Interest Expense, Debt				7,916,000	8,199,000
Subordinated Debt [Member]
Interest Expense, Debt				1,300,000	650,000	$ 377,000
Debt Amortization Expense				218,000	218,000	$ 218,000
TFC Statutory Trust [Member]
Number of Trust Capital Securities							5,000
Trust Capital Securities, Liquidation Amount							$ 5,000,000
Common Securities Liquidation Preference Value							155,000
TFC Statutory Trust [Member] \| Other Assets [Member]
Common Stock Held in Trust							155,000
TFC Statutory Trust [Member] \| Subordinated Debt [Member]
Debt Instrument, Face Amount				5,000,000
SEC Schedule, 12-09, Valuation Allowances and Reserves, Amount				$ 1,200,000	$ 1,300,000		$ 1,900,000
Debt Instrument, Interest Rate, Effective Percentage				7.30%	6.42%
TFC Statutory Trust [Member] \| Subordinated Debt [Member] \| Tenor Spread Adjustment [Member]
Debt Instrument, Basis Spread on Variable Rate				0.26%
TFC Statutory Trust [Member] \| Subordinated Debt [Member] \| Secured Overnight Financing Rate (SOFR) [Member]
Debt Instrument, Basis Spread on Variable Rate				1.65%
TFC Statutory Trust [Member] \| Subordinated Debt [Member] \| London Interbank Offered Rate [Member]
Debt Instrument, Basis Spread on Variable Rate					1.65%
First American International Statutory Trust I 1[Member]
Common Unit, Issued (in shares) \| shares			7,000
Floating Rate Maturity Period (Year)			30 years
Common Unit Liquidation Preference Value			$ 7,000,000
First American International Statutory Trust I 1[Member] \| Other Assets [Member]
Common Stock Held in Trust			217,000
First American International Statutory Trust I 1[Member] \| Subordinated Debt [Member]
SEC Schedule, 12-09, Valuation Allowances and Reserves, Amount			$ 1,200,000	$ 842,000	$ 918,000
Debt Instrument, Interest Rate, Effective Percentage				7.90%	7.02%
First American International Statutory Trust I 1[Member] \| Subordinated Debt [Member] \| Tenor Spread Adjustment [Member]
Debt Instrument, Basis Spread on Variable Rate	0.26%
First American International Statutory Trust I 1[Member] \| Subordinated Debt [Member] \| Secured Overnight Financing Rate (SOFR) [Member]
Debt Instrument, Basis Spread on Variable Rate				1.65%	2.25%
PGB Holdings Inc And Banking Subsidiary Pacific Global Bank [Member]
Common Securities Liquidation Preference Value		$ 155,000
Common Unit, Issued (in shares) \| shares		5,000
Common Unit Liquidation Preference Value		$ 5,000,000
PGB Holdings Inc And Banking Subsidiary Pacific Global Bank [Member] \| Other Assets [Member]
Common Stock Held in Trust		155,000
PGB Holdings Inc And Banking Subsidiary Pacific Global Bank [Member] \| Subordinated Debt [Member]
SEC Schedule, 12-09, Valuation Allowances and Reserves, Amount		$ 763,000		$ 559,000	$ 610,000
Debt Instrument, Interest Rate, Effective Percentage				7.75%	6.87%
PGB Holdings Inc And Banking Subsidiary Pacific Global Bank [Member] \| Subordinated Debt [Member] \| Tenor Spread Adjustment [Member]
Debt Instrument, Basis Spread on Variable Rate		0.26%
PGB Holdings Inc And Banking Subsidiary Pacific Global Bank [Member] \| Subordinated Debt [Member] \| Secured Overnight Financing Rate (SOFR) [Member]
Debt Instrument, Basis Spread on Variable Rate		1.65%			2.10%

Consolidated Statement of Changes in Shareholders' Equity (Parentheticals) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Common stock dividends per share (in dollars per share)	$ 0.64	$ 0.56	$ 0.51

Note 4 - Investment Securities

12 Months Ended

Dec. 31, 2023

Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]

NOTE 4 - INVESTMENT SECURITIES

The following table summarizes the amortized cost and fair value of available for sale (“AFS”) securities and held to maturity (“HTM”) securities at December 31, 2023 and 2022, and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive loss:

			*Gross*		*Gross*
*(dollars in thousands)*	*Amortized*		*Unrealized*		*Unrealized*			*Fair*
December 31, 2023	*Cost*		*Gains*		*Losses*			*Value*
Available for sale
Government agency securities	$	8,705	$	—	$	(544	)	$	8,161
SBA agency securities		13,289		144		(216	)		13,217
Mortgage-backed securities: residential		40,507		—		(5,855	)		34,652
Collateralized mortgage obligations: residential		94,071		454		(12,198	)		82,327
Collateralized mortgage obligations: commercial		69,941		22		(2,664	)		67,299
Commercial paper		73,121		—		(16	)		73,105
Corporate debt securities		34,800		—		(4,109	)		30,691
Municipal securities		12,636		—		(3,127	)		9,509
Total	$	347,070	$	620	$	(28,729	)	$	318,961

Held to maturity
Municipal taxable securities	$	501	$	3	$	—		$	504
Municipal securities		4,708		—		(115	)		4,593
Total	$	5,209	$	3	$	(115	)	$	5,097

			*Gross*		*Gross*
*(dollars in thousands)*	*Amortized*		*Unrealized*		*Unrealized*			*Fair*
December 31, 2022	*Cost*		*Gains*		*Losses*			*Value*
Available for sale
Government agency securities	$	5,012	$	—	$	(517	)	$	4,495
SBA agency securities		2,634		—		(223	)		2,411
Mortgage-backed securities: residential		44,809		—		(6,752	)		38,057
Mortgage-backed securities: commercial		4,887		—		(16	)		4,871
Collateralized mortgage obligations: residential		82,759		—		(12,856	)		69,903
Collateralized mortgage obligations: commercial		44,591		—		(2,901	)		41,690
Commercial paper		49,551		2		(16	)		49,537
Corporate debt securities		41,176		1		(4,165	)		37,012
Municipal securities		12,669		—		(3,815	)		8,854
Total	$	288,088	$	3	$	(31,261	)	$	256,830

Held to maturity
Municipal taxable securities	$	1,003	$	7	$	(3	)	$	1,007
Municipal securities		4,726		—		(170	)		4,556
Total	$	5,729	$	7	$	(173	)	$	5,563

There was no sale of investment securities during the years ended December 31, 2023, 2022, and 2021.

At December 31, 2023, we pledged investment securities with a fair value of $95.2 million for certificates of deposit from the state of California. One security with a fair value of $61,000 and $76,000 was pledged to secure a local agency deposit at December 31, 2023 and 2022.

Accrued interest receivable for investment debt securities at December 31, 2023 and 2022 totaled $962,000 and $810,000.

The amortized cost and fair value of the investment securities portfolio as of December 31, 2023 and 2022 are shown by expected maturity below. Mortgage-backed securities are classified in accordance with their estimated average life. Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties.

	*Less than One Year*				*More than One Year to Five Years*				*More than Five Years to Ten Years*				*More than Ten Years*				*Total*
	*Amortized*				*Amortized*				*Amortized*				*Amortized*				*Amortized*
*(dollars in thousands)*	*Cost*		*Fair Value*		*Cost*		*Fair Value*		*Cost*		*Fair Value*		*Cost*		*Fair Value*		*Cost*		*Fair Value*
December 31, 2023
Government agency securities	$	—	$	—	$	8,705	$	8,161	$	—	$	—	$	—	$	—	$	8,705	$	8,161
SBA securities		—		—		2,292		2,095		10,997		11,122		—		—		13,289		13,217
Mortgage-backed securities: residential		—		—		11,023		9,986		19,762		16,965		9,722		7,701		40,507		34,652
Collateralized mortgage obligations: residential		18		17		36,876		35,758		57,177		46,552		—		—		94,071		82,327
Collateralized mortgage obligations: commercial		3,014		3,018		20,296		18,481		46,631		45,800		—		—		69,941		67,299
Commercial paper		73,121		73,105		—		—		—		—		—		—		73,121		73,105
Corporate debt securities		—		—		12,912		12,491		19,249		16,232		2,639		1,968		34,800		30,691
Municipal securities		—		—		—		—		—		—		12,636		9,509		12,636		9,509
Total available for sale	$	76,153	$	76,140	$	92,104	$	86,972	$	153,816	$	136,671	$	24,997	$	19,178	$	347,070	$	318,961

Municipal taxable securities	$	—	$	—	$	501	$	504	$	—	$	—	$	—	$	—	$	501	$	504
Municipal securities		—		—		—		—		2,952		2,873		1,756		1,720		4,708		4,593
Total held to maturity	$	—	$	—	$	501	$	504	$	2,952	$	2,873	$	1,756	$	1,720	$	5,209	$	5,097
*(dollars in thousands)*
December 31, 2022
Government agency securities	$	—	$	—	$	5,012	$	4,495	$	—	$	—	$	—	$	—	$	5,012	$	4,495
SBA securities		—		—		2,634		2,411		—		—		—		—		2,634		2,411
Mortgage-backed securities: residential		—		—		13,013		11,598		29,114		24,361		2,682		2,098		44,809		38,057
Mortgage-backed securities: commercial		—		—		4,887		4,871		—		—		—		—		4,887		4,871
Collateralized mortgage obligations: residential		—		—		20,687		19,646		62,072		50,257		—		—		82,759		69,903
Collateralized mortgage obligations: commercial		—		—		16,382		14,644		28,209		27,046		—		—		44,591		41,690
Commercial paper		49,551		49,537		—		—		—		—		—		—		49,551		49,537
Corporate debt securities		3,705		3,706		11,355		10,806		23,454		20,662		2,662		1,838		41,176		37,012
Municipal securities		—		—		—		—		—		—		12,669		8,854		12,669		8,854
Total available for sale	$	53,256	$	53,243	$	73,970	$	68,471	$	142,849	$	122,326	$	18,013	$	12,790	$	288,088	$	256,830

Municipal taxable securities	$	501	$	498	$	502	$	509	$	—	$	—	$	—	$	—	$	1,003	$	1,007
Municipal securities		—		—		—		—		1,739		1,692		2,987		2,864		4,726		4,556
Total held to maturity	$	501	$	498	$	502	$	509	$	1,739	$	1,692	$	2,987	$	2,864	$	5,729	$	5,563

The securities that were in an unrealized loss position at December 31, 2023, and December 31, 2022, were evaluated to determine whether the decline in fair value below the amortized cost basis resulted from a credit loss or other factors. For a discussion of the factors and criteria the Company uses in analyzing securities for impairment related to credit losses, see Note 2 Summary of Significant Accounting Policies - Allowance for Credit Losses on Available-for-Sale Securities and Held-to-Maturity Securities. At December 31, 2023 and 2022, there was no reserve of credit losses on the HTM securities portfolio.

Based on the Company’s review of its debt securities in an unrealized loss position, the Company concluded the unrealized losses were due to non-credit factors primarily attributed to yield curve movement, together with widened liquidity spreads. The issuers have not, to the Company's knowledge, established any cause for default on these securities. All the securities that the Company owned were investment grade at December 31, 2023. At December 31, 2023, unrealized losses of $28.7 million comprised of $18.1 million, or 62.8%, residential mortgage-backed securities and collateralized mortgage obligations, $4.1 million, or 14.3%, corporate debt securities, $3.1 million, or 10.9%, municipal securities, $2.7 million, or 9.3%, commercial collateralized mortgage obligations, and $760,000, or 2.6%, government agency securities and SBA securities. The Company expects to recover the amortized cost basis of its securities and has no present intent to sell and will not be required to sell securities that have declined below their cost before their anticipated recovery based on the Company’s current financial condition.

The following tables show the related fair value and the gross unrealized losses of the Company's investment securities, aggregated by investment category and the length of time that individual securities have been in a continuous unrealized loss position as of December 31, 2023, and December 31, 2022:

	*Less than Twelve Months*					*Twelve Months or More*					*Total*
*(dollars in thousands)*	*Fair Value*		*Unrealized Losses*			*Fair Value*		*Unrealized Losses*			*Fair Value*		*Unrealized Losses*
December 31, 2023
Government agency securities	$	4,238	$	(72	)	$	3,923	$	(472	)	$	8,161	$	(544	)
SBA securities		5,102		(18	)		2,094		(198	)		7,196		(216	)
Mortgage-backed securities: residential		—		—			34,652		(5,855	)		34,652		(5,855	)
Collateralized mortgage obligations: residential		2,597		(37	)		60,275		(12,161	)		62,872		(12,198	)
Collateralized mortgage obligations: commercial		18,463		(70	)		35,077		(2,594	)		53,540		(2,664	)
Commercial paper (1)		53,211		(16	)		—		—			53,211		(16	)
Corporate debt securities		—		—			30,691		(4,109	)		30,691		(4,109	)
Municipal securities		—		—			9,509		(3,127	)		9,509		(3,127	)
Total available for sale	$	83,611	$	(213	)	$	176,221	$	(28,516	)	$	259,832	$	(28,729	)

Municipal securities	$	1,397	$	(19	)	$	3,196	$	(96	)	$	4,593	$	(115	)
Total held to maturity	$	1,397	$	(19	)	$	3,196	$	(96	)	$	4,593	$	(115	)

(1)	The Company held $19.9 million of commercial paper where the recorded value and fair value are equal as of December 31, 2023.

	*Less than Twelve Months*					*Twelve Months or More*					*Total*
*(dollars in thousands)*	*Fair Value*		*Unrealized Losses*			*Fair Value*		*Unrealized Losses*			*Fair Value*		*Unrealized Losses*
December 31, 2022
Government agency securities	$	354	$	(24	)	$	4,141	$	(493	)	$	4,495	$	(517	)
SBA securities		2,411		(223	)		—		—			2,411		(223	)
Mortgage-backed securities: residential		5,535		(362	)		32,522		(6,390	)		38,057		(6,752	)
Mortgage-backed securities: commercial		4,871		(16	)		—		—			4,871		(16	)
Collateralized mortgage obligations: residential		27,050		(1,842	)		39,815		(11,014	)		66,865		(12,856	)
Collateralized mortgage obligations: commercial		18,741		(790	)		22,949		(2,111	)		41,690		(2,901	)
Commercial paper (1)		39,624		(16	)		—		—			39,624		(16	)
Corporate debt securities		22,977		(1,843	)		10,330		(2,322	)		33,307		(4,165	)
Municipal securities		—		—			8,854		(3,815	)		8,854		(3,815	)
Total available for sale	$	121,563	$	(5,116	)	$	118,611	$	(26,145	)	$	240,174	$	(31,261	)

Municipal taxable securities	$	498	$	(3	)	$	—	$	—		$	498	$	(3	)
Municipal securities		4,556		(170	)		—		—			4,556		(170	)
Total held to maturity	$	5,054	$	(173	)	$	—	$	—		$	5,054	$	(173	)

(1)	The Company held $9.9 million of commercial paper where the recorded value and fair value are equal as of December 31, 2022.

Note 19 - Earnings Per Share ("EPS")

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Text Block]

NOTE 19 - EARNINGS PER SHARE (“EPS”)

The following is a reconciliation of net income and shares outstanding to the income and number of shares used to compute EPS:

	*2023*			*2022*				*2021*
*(dollars in thousands except shares and per share data)*		*Income*	*Shares*		*Income*		*Shares*		*Income*		*Shares*
Net income as reported	$	42,465		$	64,327			$	56,906
Less: Earnings allocated to participating securities		—			(34	)			(192	)
Shares outstanding			18,609,179				18,965,776				19,455,544
Impact of weighting shares			356,167				133,733				(31,995	)
Used in basic EPS		42,465	18,965,346		64,293		19,099,509		56,714		19,423,549
Dilutive effect of outstanding
Stock options			15,322				211,477				410,757
Restricted Stock Unit			4,565				21,653				—
Used in dilutive EPS	$	42,465	18,985,233	$	64,293		19,332,639	$	56,714		19,834,306

Basic earnings per common share	$	2.24		$	3.37			$	2.92
Diluted earnings per common share		2.24			3.33				2.86

Stock options for 332,500 shares of common stock and restricted stock units for 6,012 shares were not considered in computing diluted earnings per common share for December 31, 2023 because they were anti-dilutive. Stock options for zero share of common stock and restricted stock units for zero share were not considered in computing diluted earnings per common share for December 31, 2022 and 2021, respectively, because they were anti-dilutive.

Note 5 - Loans and Allowance for Credit Losses - Loans - Schedule of Financing Receivables, Nonaccrual Status (Details) - USD ($)
$ in Thousands

Dec. 31, 2023

Dec. 31, 2022

$ 30,219

$ 10,277

^[1]

31,619

22,323

141

141

10,569

1,191

10,569

13,189

18,103

5,936

18,103

5,936

610

713

854

713

SBA Loans [Member]

937

2,245

2,085

2,245

Other Loans [Member]

$ 8

$ 99

[1]	Included in total loans.

Note 4 - Investment Securities - Expected Maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Less than one year, Available for sale, Amortized Cost	$ 76,153	$ 53,256
Less than one year, Available for sale, Estimated Fair Value	76,140	53,243
More than one year to five years, Available for sale, Amortized Cost	92,104	73,970
Available for sale, Estimated Fair Value, More than one year to five years	86,972	68,471
More than five years to ten years, Available for sale, Amortized Cost	153,816	142,849
More than five years to ten years, Available for sale, Estimated Fair Value	136,671	122,326
More than ten years, Available for sale, Amortized Cost	24,997	18,013
More than ten years, Available for sale, Estimated Fair Value	19,178	12,790
Available for sale, amortized cost	347,070	288,088
Available for sale	318,961	256,830
Less than one year, Held to Maturity, Amortized Cost	0	501
Less than one year, Held to maturity, Estimated Fair Value	0	498
More than one year to five years, Held to maturity, Amortized Cost	501	502
More than one year to five years, Held to Maturity, Estimated Fair Value	504	509
More than five years to ten years, Held to maturity Amortized Cost	2,952	1,739
More than five years to ten years, Held to maturity Estimated Fair Value	2,873	1,692
More than ten years, Held to Maturity, Amortized Cost	1,756	2,987
More than ten years, Held to Maturity, Estimated Fair Value	1,720	2,864
Held to maturity (fair value of $5,097 and $5,563 at December 31, 2023 and December 31, 2022)	5,209	5,729
Securities held to maturity, fair value	5,097	5,563
US Government Agencies Debt Securities [Member]
Less than one year, Available for sale, Amortized Cost	0	0
Less than one year, Available for sale, Estimated Fair Value	0	0
More than one year to five years, Available for sale, Amortized Cost	8,705	5,012
Available for sale, Estimated Fair Value, More than one year to five years	8,161	4,495
More than five years to ten years, Available for sale, Amortized Cost	0	0
More than five years to ten years, Available for sale, Estimated Fair Value	0	0
More than ten years, Available for sale, Amortized Cost	0	0
More than ten years, Available for sale, Estimated Fair Value	0	0
Available for sale, amortized cost	8,705	5,012
Available for sale	8,161	4,495
Small Business Administration Agency Securities [Member]
Less than one year, Available for sale, Amortized Cost	0	0
Less than one year, Available for sale, Estimated Fair Value	0	0
More than one year to five years, Available for sale, Amortized Cost	2,292	2,634
Available for sale, Estimated Fair Value, More than one year to five years	2,095	2,411
More than five years to ten years, Available for sale, Amortized Cost	10,997	0
More than five years to ten years, Available for sale, Estimated Fair Value	11,122	0
More than ten years, Available for sale, Amortized Cost	0	0
More than ten years, Available for sale, Estimated Fair Value	0	0
Available for sale, amortized cost	13,289	2,634
Available for sale	13,217	2,411
Residential Mortgage-Backed Securities [Member]
Less than one year, Available for sale, Amortized Cost	0	0
Less than one year, Available for sale, Estimated Fair Value	0	0
More than one year to five years, Available for sale, Amortized Cost	11,023	13,013
Available for sale, Estimated Fair Value, More than one year to five years	9,986	11,598
More than five years to ten years, Available for sale, Amortized Cost	19,762	29,114
More than five years to ten years, Available for sale, Estimated Fair Value	16,965	24,361
More than ten years, Available for sale, Amortized Cost	9,722	2,682
More than ten years, Available for sale, Estimated Fair Value	7,701	2,098
Available for sale, amortized cost	40,507	44,809
Available for sale	34,652	38,057
Residential Collateralized Mortgage Obligations [Member]
Less than one year, Available for sale, Amortized Cost	18	0
Less than one year, Available for sale, Estimated Fair Value	17	0
More than one year to five years, Available for sale, Amortized Cost	36,876	20,687
Available for sale, Estimated Fair Value, More than one year to five years	35,758	19,646
More than five years to ten years, Available for sale, Amortized Cost	57,177	62,072
More than five years to ten years, Available for sale, Estimated Fair Value	46,552	50,257
More than ten years, Available for sale, Amortized Cost	0	0
More than ten years, Available for sale, Estimated Fair Value	0	0
Available for sale, amortized cost	94,071	82,759
Available for sale	82,327	69,903
Commercial Collateralized Mortgage Obligations [Member]
Less than one year, Available for sale, Amortized Cost	3,014	0
Less than one year, Available for sale, Estimated Fair Value	3,018	0
More than one year to five years, Available for sale, Amortized Cost	20,296	16,382
Available for sale, Estimated Fair Value, More than one year to five years	18,481	14,644
More than five years to ten years, Available for sale, Amortized Cost	46,631	28,209
More than five years to ten years, Available for sale, Estimated Fair Value	45,800	27,046
More than ten years, Available for sale, Amortized Cost	0	0
More than ten years, Available for sale, Estimated Fair Value	0	0
Available for sale, amortized cost	69,941	44,591
Available for sale	67,299	41,690
Commercial Paper [Member]
Less than one year, Available for sale, Amortized Cost	73,121	49,551
Less than one year, Available for sale, Estimated Fair Value	73,105	49,537
More than one year to five years, Available for sale, Amortized Cost	0	0
Available for sale, Estimated Fair Value, More than one year to five years	0	0
More than five years to ten years, Available for sale, Amortized Cost	0	0
More than five years to ten years, Available for sale, Estimated Fair Value	0	0
More than ten years, Available for sale, Amortized Cost	0	0
More than ten years, Available for sale, Estimated Fair Value	0	0
Available for sale, amortized cost	73,121	49,551
Available for sale	73,105	49,537
Corporate Debt Securities [Member]
Less than one year, Available for sale, Amortized Cost	0	3,705
Less than one year, Available for sale, Estimated Fair Value	0	3,706
More than one year to five years, Available for sale, Amortized Cost	12,912	11,355
Available for sale, Estimated Fair Value, More than one year to five years	12,491	10,806
More than five years to ten years, Available for sale, Amortized Cost	19,249	23,454
More than five years to ten years, Available for sale, Estimated Fair Value	16,232	20,662
More than ten years, Available for sale, Amortized Cost	2,639	2,662
More than ten years, Available for sale, Estimated Fair Value	1,968	1,838
Available for sale, amortized cost	34,800	41,176
Available for sale	30,691	37,012
Municipal Bonds [Member]
Less than one year, Available for sale, Amortized Cost	0	0
Less than one year, Available for sale, Estimated Fair Value	0	0
More than one year to five years, Available for sale, Amortized Cost	0	0
Available for sale, Estimated Fair Value, More than one year to five years	0	0
More than five years to ten years, Available for sale, Amortized Cost	0	0
More than five years to ten years, Available for sale, Estimated Fair Value	0	0
More than ten years, Available for sale, Amortized Cost	12,636	12,669
More than ten years, Available for sale, Estimated Fair Value	9,509	8,854
Available for sale, amortized cost	12,636	12,669
Available for sale	9,509	8,854
Less than one year, Held to Maturity, Amortized Cost	0	0
Less than one year, Held to maturity, Estimated Fair Value	0	0
More than one year to five years, Held to maturity, Amortized Cost	0	0
More than one year to five years, Held to Maturity, Estimated Fair Value	0	0
More than five years to ten years, Held to maturity Amortized Cost	2,952	1,739
More than five years to ten years, Held to maturity Estimated Fair Value	2,873	1,692
More than ten years, Held to Maturity, Amortized Cost	1,756	2,987
More than ten years, Held to Maturity, Estimated Fair Value	1,720	2,864
Held to maturity (fair value of $5,097 and $5,563 at December 31, 2023 and December 31, 2022)	4,708	4,726
Securities held to maturity, fair value	4,593	4,556
Taxable Municipal Bonds [Member]
Less than one year, Held to Maturity, Amortized Cost	0	501
Less than one year, Held to maturity, Estimated Fair Value	0	498
More than one year to five years, Held to maturity, Amortized Cost	501	502
More than one year to five years, Held to Maturity, Estimated Fair Value	504	509
More than five years to ten years, Held to maturity Amortized Cost	0	0
More than five years to ten years, Held to maturity Estimated Fair Value	0	0
More than ten years, Held to Maturity, Amortized Cost	0	0
More than ten years, Held to Maturity, Estimated Fair Value	0	0
Held to maturity (fair value of $5,097 and $5,563 at December 31, 2023 and December 31, 2022)	501	1,003
Securities held to maturity, fair value	$ 504	1,007
Commercial Mortgage-Backed Securities [Member]
Less than one year, Available for sale, Amortized Cost		0
Less than one year, Available for sale, Estimated Fair Value		0
More than one year to five years, Available for sale, Amortized Cost		4,887
Available for sale, Estimated Fair Value, More than one year to five years		4,871
More than five years to ten years, Available for sale, Amortized Cost		0
More than five years to ten years, Available for sale, Estimated Fair Value		0
More than ten years, Available for sale, Amortized Cost		0
More than ten years, Available for sale, Estimated Fair Value		0
Available for sale, amortized cost		4,887
Available for sale		$ 4,871

Note 22 - Parent Only Condensed Financial Information - Condensed Balance Sheet (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash and cash equivalents	$ 431,373	$ 83,548
Total assets	4,026,025	3,919,058
Long term debt	119,147	173,585
Subordinated debentures	14,700	14,900
Total liabilities	3,514,765	3,434,495
Common Stock - 100,000,000 shares authorized, no par value; 18,609,179 shares issued and outstanding at December 31, 2023 and 18,965,776 shares issues and outstanding at December 31, 2022	271,925	276,912
Additional paid-in capital	3,623	3,361
Retained earnings	255,152	225,883	$ 181,329
Non-controlling interest	72	72
Accumulated other comprehensive loss, net	(19,512)	(21,665)
Total shareholders' equity	511,260	484,563	$ 466,683	$ 428,488
Total liabilities and shareholders' equity	4,026,025	3,919,058
Parent Company [Member]
Cash and cash equivalents	47,125	43,718
Other assets	6,333	6,161
Total assets	646,700	674,508
Long term debt	119,147	173,585
Subordinated debentures	14,938	14,720
Other liabilities	1,355	1,640
Total liabilities	135,440	189,945
Common Stock - 100,000,000 shares authorized, no par value; 18,609,179 shares issued and outstanding at December 31, 2023 and 18,965,776 shares issues and outstanding at December 31, 2022	271,925	276,912
Additional paid-in capital	3,623	3,361
Retained earnings	255,152	225,883
Non-controlling interest	72	72
Accumulated other comprehensive loss, net	(19,512)	(21,665)
Total shareholders' equity	511,260	484,563
Total liabilities and shareholders' equity	646,700	674,508
Parent Company [Member] \| Royal Business Bank [Member]
Investment	589,998	621,580
Parent Company [Member] \| Royal Asset Management [Member]
Investment	$ 3,244	$ 3,049

Note 15 - Related Party Transactions (Tables)

12 Months Ended

Dec. 31, 2023

	For the year ended December 31,
*(dollars in thousands)*	2023			2022
Beginning balance	$	6,869		$	8,441
Repayments		—			(1,572	)
Balance re-categorized to non-related party		(6,869	)		—
Ending balance	$	—		$	6,869

Note 21 - Qualified Affordable Housing Project Investments

12 Months Ended

Dec. 31, 2023

Affordable Housing Program [Text Block]

NOTE 21 – QUALIFIED AFFORDABLE HOUSING PROJECT INVESTMENTS

The Company began investing in qualified affordable housing projects in 2016. At December 31, 2023 and December 31, 2022, the balance of the investment for qualified affordable housing projects was $6.4 million and $7.6 million, respectively. This balance is reflected in the accrued interest and other assets line on the consolidated balance sheets. Total unfunded commitments related to the investments in qualified affordable housing projects totaled $2.3 million and $2.6 million at December 31, 2023 and December 31, 2022. The Company expects to fulfill these commitments between 2024 and 2038.

During the years ended December 31, 2023, 2022 and 2021, the Company recognized amortization expense of $1.1 million, $1.1 million, and $1.0 million, respectively, which was included within income tax expense on the consolidated statements of income.

During the years ended December 31, 2023, 2022 and 2021, the Company recognized tax credits from its investment in affordable housing tax credits of $1.0 million, $991,000 and $1.0 million, respectively. The Company had no impairment losses during the years ended December 31, 2023, 2022 and 2021.

Note 12 - Income Taxes

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Text Block]

NOTE 12 - INCOME TAXES

The asset and liability method is used in accounting for income taxes. Under this method, deferred tax assets and liabilities are determined based on differences between financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse.

Income tax expense consists of the following:

*(dollars in thousands)*	*2023*			*2022*			*2021*
Current:
Federal	$	10,804		$	18,315		$	16,037
State		6,761			10,952			9,087
Total Current		17,565			29,267			25,124

Deferred:
Federal		(288	)		(1,756	)		(1,148	)
State		504			(493	)		55
Total Deferred		216			(2,249	)		(1,093	)
Total income tax expense	$	17,781		$	27,018		$	24,031

A comparison of the federal statutory income tax rates to the Company's effective income tax rates for the years ended December 31 follows:

	*2023*						*2022*						*2021*
*(dollars in thousands)*	*Amount*			*Rate*			*Amount*			*Rate*			*Amount*			*Rate*
Statutory federal tax	$	12,652		21.0		%	$	19,182			21.0	%	$	16,997			21.0	%
State tax, net of federal benefit		5,181		8.6		%		8,278			9.1	%		7,182			8.9	%
Tax-exempt income		(399	)	(0.7		)%		(355	)		(0.4	)%		(285	)		(0.4	)%
Stock-based compensation		54		0.1		%		(396	)		(0.4	)%		(404	)		(0.5	)%
Other items, net		293		0.5		%		309			0.3	%		541			0.7	%
Total income tax expense	$	17,781			29.5	%	$	27,018			29.6	%	$	24,031			29.7	%

Deferred taxes are a result of differences between income tax accounting and generally accepted accounting principles with respect to income and expense recognition. The following is a summary of the components of the net deferred tax asset accounts recognized in the accompanying balance sheets as of December 31:

*(dollars in thousands)*	*2023*			*2022*
Deferred tax assets:
Allowance for credit losses	$	13,011		$	12,834
Stock-based compensation		472			546
Operating loss carryforwards		32			154
Unrealized loss on AFS securities		8,597			9,614
Lease liability		9,539			8,149
State tax		1,444			2,426
Other		1,237			917
		34,332			34,640
Deferred tax liabilities:
Depreciation		(1,389	)		(1,598	)
Deferred loan costs		(3,123	)		(2,808	)
Acquisition accounting fair value adjustments		(2,794	)		(3,052	)
Mortgage servicing rights		(1,991	)		(2,259	)
Right of use asset		(9,115	)		(7,818	)
Other		(155	)		(128	)
		(18,567	)		(17,663	)
Net deferred tax assets	$	15,765		$	16,977

At December 31, 2023, the Company has usable net operating loss carryforwards from acquisitions of $21,104 for federal and $5,570 for California income tax purposes. Net operating loss carry forwards, to the extent not used, will begin to expire in 2028. The net operating loss carryforwards were generated through acquisitions, and as a result, are substantially limited by Section 382 of the Internal Revenue Code. Benefits not expected to be realized due to the limitation have been excluded from the deferred tax asset and net operating loss carryforward amounts noted above. Based on management's assessment, the Company concluded that no valuation allowance was necessary for the Company's deferred tax assets as of December 31, 2023.

The Company files income tax returns in federal and various state jurisdictions. The Company is subject to examinations in federal jurisdiction for the years ended after December 31, 2019. The statutes of limitations for state income tax returns remain open for tax years in accordance with each state's statutes. The audit of the Company's New York State tax returns for the tax period from January 1, 2018 to December 31, 2020 was completed in August 2023. The Company paid additional tax and interest of $70,000 without penalties to settle the tax audit findings with New York State. The Company had no material uncertain tax positions at December 31, 2023 and 2022, and recognized no material interest or penalties as part of income taxes for the years ended December 31, 2023, 2022, and 2021.

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//740/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-14

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-21

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482526/740-270-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-17

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482603/740-30-50-2

Note 21 - Qualified Affordable Housing Project Investments (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Amortization Method Qualified Affordable Housing Project Investments	$ 6,400,000	$ 7,600,000
Qualified Affordable Housing Project Investments, Commitment	2,300,000	2,600,000
Amortization Method Qualified Affordable Housing Project Investments, Amortization	1,100,000	1,100,000	$ 1,000,000
Affordable Housing Tax Credits and Other Tax Benefits, Amount	1,000,000	991,000	1,000,000
Affordable Housing Project Investment, Write-down, Amount	$ 0	$ 0	$ 0
Minimum [Member]
Affordable Housing Tax Credits Commitment, Year to be Paid	2024
Maximum [Member]
Affordable Housing Tax Credits Commitment, Year to be Paid	2038

Note 16 - Stock Option Plan (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

	March 2023			December 2022			May 2022			July 2021			January 2021
Expected volatility		28.4	%		28.9	%		29.5	%		31.6	%		30.8	%
Expected term (years)		8.0			8.0			6.0			6.0			6.0
Expected dividends		2.92	%		2.55	%		2.52	%		1.98	%		1.86	%
Risk free rate		4.27	%		4.00	%		2.71	%		0.48	%		0.26	%
Grant date fair value	$	5.49		$	6.16		$	5.28		$	5.69		$	4.14

Share-Based Payment Arrangement, Option and Stock Appreciation Rights, Activity [Table Text Block]

						*Weighted-*
				*Weighted-*		*Average*
				*Average*		*Remaining*		*Aggregate*
				*Exercise*		*Contractual*		*Intrinsic*
*(dollars in thousands, except for shares and per share data)*	*Shares*			*Price*		*Term in years*		*Value*
Outstanding at beginning of year		454,610		$	16.97
Granted		30,000			19.87
Exercised		(19,403	)		15.18
Forfeited/cancelled		(67,304	)		15.04
Outstanding at end of period		397,903		$	17.61		3.86	$	703

Options exercisable		332,232		$	17.26		3.05	$	657

Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]

				*Weighted-Average*
				*Grant Date*
	*Shares*			*Fair Value*
Outstanding at beginning of year		14,786		$	27.16
Granted		48,748			18.25
Vested		(20,374	)		23.35
Outstanding at end of period		43,160		$	18.89

Note 18 - Fair Value Measurements and Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2023

Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]

*(dollars in thousands)*	*Fair Value Measurements Using:*
December 31, 2023	*Level 1*		*Level 2*		*Level 3*		*Total*
Assets measured at fair value:
On a recurring basis:
Securities available for sale
Government agency securities	$	—	$	8,161	$	—	$	8,161
SBA agency securities		—		13,217		—		13,217
Mortgage-backed securities		—		34,652		—		34,652
Collateralized mortgage obligations		—		149,626		—		149,626
Commercial paper		—		73,105		—		73,105
Corporate debt securities		—		30,691		—		30,691
Municipal securities		—		9,509		—		9,509
Interest Rate Lock Contracts		—		—		32		32
Forward Mortgage Loan Sale Contracts		—		—		14		14
	$	—	$	318,961	$	46	$	319,007
On a non-recurring basis:
Commercial real estate loans - collateral-dependent impaired loans	$	—	$	—	$	10,209	$	10,209
SBA loans - collateral-dependent impaired loans		—		—		1,148		1,148
	$	—	$	—	$	11,357	$	11,357

December 31, 2022	*Level 1*		*Level 2*		*Level 3*		*Total*
Assets measured at fair value:
On a recurring basis:
Securities available for sale
Government agency securities	$	—	$	4,495	$	—	$	4,495
SBA agency securities		—		2,411		—		2,411
Mortgage-backed securities		—		42,928		—		42,928
Collateralized mortgage obligations		—		111,593		—		111,593
Commercial paper		—		49,537		—		49,537
Corporate debt securities		—		37,012		—		37,012
Municipal securities		—		8,854		—		8,854
Forward Mortgage Loan Sale Contracts		—		—		18		18
	$	—	$	256,830	$	18	$	256,848
On a non-recurring basis:
Other real estate owned	$	—	$	—	$	577	$	577

Fair Value, by Balance Sheet Grouping [Table Text Block]


		*December 31, 2023*				*December 31, 2022*
	*Fair Value*	*Carrying*		*Fair*		*Carrying*		*Fair*
*(dollars in thousands)*	*Hierarchy*	*Value*		*Value*		*Value*		*Value*
Financial Assets:
Cash and due from banks	Level 1	$	431,373	$	431,373	$	83,548	$	83,548
Interest-earning deposits in other financial institutions	Level 1		600		600		600		600
Investment securities - AFS	Level 2		318,961		318,961		256,830		256,830
Investment securities - HTM	Level 2		5,209		5,097		5,729		5,563
Mortgage loans held for sale	Level 2		1,911		1,845		—		—
Loans, net	Level 3		2,989,958		2,918,296		3,295,373		3,251,464
Equity securities ⁽¹⁾	Level 3		22,251		22,251		22,238		22,238
Servicing assets	Level 3		8,110		14,883		9,521		21,712
Accrued interest receivable ⁽¹⁾	Level 1/2/3		13,743		13,743		14,536		14,536

		*Notional*		*Fair*		*Notional*		*Fair*
Derivative assets:		*Value*		*Value*		*Value*		*Value*
Interest Rate Lock Contracts ⁽¹⁾	Level 3	$	1,255	$	32	$	—	$	—
Forward Mortgage Loan Sale Contracts ⁽¹⁾	Level 3		1,104		14		1,179		18

		*Carrying*		*Fair*		*Carrying*		*Fair*
Financial Liabilities:		*Value*		*Value*		*Value*		*Value*
Deposits	Level 2	$	3,174,760	$	3,181,495	$	2,977,683	$	2,960,529
FHLB advances	Level 3		150,000		144,891		220,000		210,470
Long-term debt	Level 3		119,147		83,864		173,585		132,709
Subordinated debentures	Level 3		14,938		14,566		14,720		14,195
Accrued interest payable	Level 2/3		11,671		11,671		3,711		3,711

Note 22 - Parent Only Condensed Financial Information

12 Months Ended

Dec. 31, 2023

Condensed Financial Information of Parent Company Only Disclosure [Text Block]

NOTE 22 - PARENT ONLY CONDENSED FINANCIAL INFORMATION

The parent company only condensed balance sheet as of December 31, 2023 and 2022, and the related condensed statements of income and condensed statements of cash flows for the years ended December 31, 2023, 2022 and 2021 are presented below:

Condensed Balance Sheet

*(dollars in thousands)*	*2023*			*2022*
ASSETS
Cash and cash equivalents	$	47,125		$	43,718
Investment in Bank		589,998			621,580
Investment in RAM		3,244			3,049
Other assets		6,333			6,161
Total assets	$	646,700		$	674,508

LIABILITIES AND SHAREHOLDERS' EQUITY
Long term debt		119,147			173,585
Subordinated debentures		14,938			14,720
Other liabilities		1,355			1,640
Total liabilities		135,440			189,945
Shareholders' equity:
Common stock		271,925			276,912
Additional paid-in capital		3,623			3,361
Retained earnings		255,152			225,883
Non-controlling interest		72			72
Accumulated other comprehensive loss		(19,512	)		(21,665	)
Total shareholders' equity		511,260			484,563
Total liabilities and shareholders' equity	$	646,700		$	674,508

Condensed Statements of Income

*(dollars in thousands)*	*2023*			*2022*			*2021*
Dividend from subsidiaries	$	85,000		$	—		$	25,000
Interest (reversal)/income		(41	)		52			—
Interest expense		9,951			9,645			8,999
Noninterest expense		1,897			2,056			1,452
Income/(loss) before equity in undistributed income of subsidiaries		73,111			(11,649	)		14,549
(Distributed income in excess of earnings)/undistributed income of:
Bank		(34,477	)		72,340			39,109
RAM		195			57			59
Income before income taxes		38,829			60,748			53,717
Income tax benefit		3,636			3,579			3,189
Net income		42,465			64,327			56,906
Other comprehensive income/(loss)		2,153			(20,009	)		(2,785	)
Total comprehensive income	$	44,618		$	44,318		$	54,121

Condensed Statements of Cash Flows

*(dollars in thousands)*	*2023*			*2022*			*2021*
Cash flows from operating activities:
Net income	$	42,465		$	64,327		$	56,906
Net amortization of other		780			796			724
Provision for deferred income taxes		(72	)		(57	)		(337	)
Distributed income in excess of earnings/(undistributed income) of subsidiaries		34,282			(72,397	)		(39,168	)
Change in other assets and liabilities		113			216			1,645
Net cash provided by/(used in) operating activities		77,568			(7,115	)		19,770
Cash flows from investment activities:
Purchase of other equity securities, net		(490	)		(1,663	)		(380	)
Net cash used in investing activities		(490	)		(1,663	)		(380	)
Cash flows from financing activities:
Issuance of subordinated debentures, net of issuance costs		—			—			118,111
Redemptions of subordinated debentures		(55,000	)		—			(50,000	)
Dividends paid		(12,163	)		(10,736	)		(9,947	)
Common stock repurchased, net of repurchased costs		(6,803	)		(19,822	)		(10,540	)
Stock options exercised		295			5,476			3,475
Net cash (used in)/provided by financing activities		(73,671	)		(25,082	)		51,099

Increase/(decrease) in cash and cash equivalents		3,407			(33,860	)		70,489
Cash and cash equivalents beginning of year		43,718			77,578			7,089
Cash and cash equivalents end of year	$	47,125		$	43,718		$	77,578

Note 8 - Deposits (Tables)

12 Months Ended

Dec. 31, 2023

Time Deposit Maturities [Table Text Block]

*(dollars in thousands)*	*December 31, 2023*
One year	$	1,994,517
Two to three years		6,689
Over three years		1,204
Total	$	2,002,410

Note 23 - Repurchase of Common Stock

12 Months Ended

Dec. 31, 2023

Treasury Stock [Text Block]

NOTE 23 – REPURCHASE OF COMMON STOCK

On April 22, 2021, March 16, 2022 and June 14, 2022, the Board of Directors approved a stock repurchase program to buy back up to an aggregate of 500,000 shares of Company common stock for each authorization date. In 2021, the Company repurchased 473,122 shares of common stock for a total of $10.5 million at a weighted average share price of $22.28. In 2022, the Company repurchased 902,526 shares of common stock for a total of $19.8 million at a weighted average share price of $21.96. In 2023, the Company repurchased 396,374 shares of common stock for a total of $6.8 million at a weighted average share price of $17.02. As of December 31, 2023, the Company may repurchase up to 36,750 shares under the remaining authorized repurchase program.

Note 17 - Regulatory Matters (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block]

						*Amount of Capital Required*
											*To Be Well Capitalized*
						*Minimum Required for*					*Under Prompt Corrective*
	*Actual*					*Capital Adequacy Purposes*					*Provisions*
*(dollars in thousands)*	*Amount*		*Ratio*			*Amount*		Ratio ⁽¹⁾			*Amount*		*Ratio*
As of December 31, 2023:
Tier 1 Leverage Ratio
Consolidated	$	472,152		11.99	%	$	157,526		4.0	%	$	196,907		5.0	%
Bank		535,952		13.62	%		157,454		4.0	%		196,818		5.0	%
Common Equity Tier 1 Risk-Based Capital Ratio
Consolidated	$	457,214		19.07	%	$	107,886		4.5	%	$	155,836		6.5	%
Bank		535,952		22.41	%		107,598		4.5	%		155,419		6.5	%
Tier 1 Risk-Based Capital Ratio
Consolidated	$	472,152		19.69	%	$	143,849		6.0	%	$	191,798		8.0	%
Bank		535,952		22.41	%		143,464		6.0	%		191,285		8.0	%
Total Risk-Based Capital Ratio
Consolidated	$	621,423		25.92	%	$	191,798		8.0	%	$	239,748		10.0	%
Bank		565,997		23.67	%		191,285		8.0	%		239,106		10.0	%

						*Amount of Capital Required*
											*To Be Well Capitalized*
						*Minimum Required for*					*Under Prompt Corrective*
	*Actual*					*Capital Adequacy Purposes*					*Provisions*
*(dollars in thousands)*	*Amount*		*Ratio*			*Amount*		Ratio ⁽¹⁾			*Amount*		*Ratio*
As of December 31, 2022:
Tier 1 Leverage Ratio
Consolidated	$	446,776		11.67	%	$	153,116		4.0	%	$	191,395		5.0	%
Bank		569,071		14.89	%		152,900		4.0	%		191,124		5.0	%
Common Equity Tier 1 Risk Based Capital Ratio
Consolidated	$	432,056		16.03	%	$	121,291		4.5	%	$	175,199		6.5	%
Bank		569,071		21.14	%		121,110		4.5	%		174,937		6.5	%
Tier 1 Risk-Based Capital Ratio
Consolidated	$	446,776		16.58	%	$	161,722		6.0	%	$	215,629		8.0	%
Bank		569,071		21.14	%		161,481		6.0	%		215,307		8.0	%
Total Risk-Based Capital Ratio
Consolidated	$	654,159		24.27	%	$	215,629		8.0	%	$	269,537		10.0	%
Bank		602,819		22.40	%		215,307		8.0	%		269,134		10.0	%

Note 7 - Premises and Equipment (Tables)

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Table Text Block]

*(dollars in thousands)*	*2023*			*2022*
Land	$	8,974		$	8,974
Building and improvements		15,549			15,523
Furniture, fixtures, and equipment		8,411			8,339
Leasehold improvements		7,696			6,775
		40,630			39,611
Less accumulated depreciation and amortization		(14,949	)		(13,387	)
Construction in progress		3			785
	$	25,684		$	27,009

Note 16 - Stock Option Plan - Schedule of Weighted Average Assumption for Fair Value of Option Grant Estimated Using Black-Scholes Option Pricing Model (Details) - $ / shares	1 Months Ended
	Mar. 31, 2023	Dec. 31, 2022	May 31, 2022	Jul. 31, 2021	Jan. 31, 2021
Expected volatility	28.40%	28.90%	29.50%	31.60%	30.80%
Expected term (years) (Year)	8 years	8 years	6 years	6 years	6 years
Expected dividends	2.92%	2.55%	2.52%	1.98%	1.86%
Risk free rate	4.27%	4.00%	2.71%	0.48%	0.26%
Grant date fair value (in dollars per share)	$ 5.49	$ 6.16	$ 5.28	$ 5.69	$ 4.14

Note 5 - Loans and Allowance for Credit Losses - Loans (Details Textual)
Pure in Thousands, $ in Thousands

12 Months Ended

Dec. 31, 2023

USD ($)

Dec. 31, 2022

USD ($)

Financing Receivable Number Of Loans 90 Days Past Due And Still Accruing

$ 0

Financing Receivable, Nonaccrual, Interest Income

^[1]

31,619

22,323

$ 0

Number Of Loans Identified As Troubled Debt Restructurings

Financing Receivable, Modified, Commitment to Lend

$ 0

Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts

Commercial Real Estate Portfolio Segment [Member] | Office [Member]

$ 10,569

$ 13,189

Commercial Real Estate Portfolio Segment [Member] | Warehouse [Member]

8,800

Commercial Real Estate Portfolio Segment [Member] | Other [Member]

1,400