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Fair Value (Tables)
 12 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
Schedule of assets and liabilities measured at fair value on a recurring basis
Assets and liabilities measured at fair value on a recurring basis at December 31, 2021 are summarized below:
Quoted Prices in
Active Markets
for Identical Assets
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Total
Financial assets
Investment securities available for sale
$— $30,893 $— $30,893 
Residential loans held for sale
43,837 70,294 — 114,131 
SBA loans held for investment, at fair value
— — 9,614 9,614 
Interest rate lock commitments
— — 1,435 1,435 
Mandatory forward sales contracts
88 — — 88 
Best efforts forward sales contracts
— — 27 27 
Financial liabilities
Interest rate lock commitments
$— $— $23 $23 
Mandatory forward sales contracts
166 — — 166 
Assets and liabilities measured at fair value on a recurring basis at December 31, 2020 are summarized below:
Quoted Prices in
Active Markets
for Identical Assets
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Total
Financial assets
Residential loans held for sale
$21,888 $186,816 $— $208,704 
SBA loans held for investment, at fair value
— — 9,264 9,264 
Interest rate lock commitments
— — 7,565 7,565 
Best efforts forward sales contracts
— — 55 55 
Financial liabilities
Interest rate lock commitments
$— $— $12 $12 
Mandatory forward sales contracts
4,455 — — 4,455 
Schedule of fair value for loans
The aggregate fair value, contractual balance, and gain at December 31, 2021 and December 31, 2020 for residential loans held for sale were as follows:
December 31, 2021December 31, 2020
Aggregate fair value
$114,131 $208,704 
Contractual balance
110,335 199,974 
Gain
$3,796 $8,730 
The total amount of gains and losses from changes in fair value and interest income included in earnings for the years ended December 31, 2021 and 2020 for residential loans held for sale were as follows:
Year Ended December 31,
20212020
Interest income$3,717 $2,684 
Change in fair value(4,934)6,049 
Total gain (loss)$(1,217)$8,733 
The aggregate fair value, contractual balance, and gain (loss) at December 31, 2021 and December 31, 2020 for SBA loans held for investment, at fair value, were as follows:
December 31, 2021December 31, 2020
Aggregate fair value
$9,614 $9,264 
Contractual balance
9,429 9,263 
Gain (loss)$185 $1 
The total amount of gains and losses from changes in fair value and interest income included in earnings for the years ended December 31, 2021 and 2020 for SBA loans held for investment, at fair value, were as follows:
Year Ended December 31,
20212020
Interest income$559 $725 
Change in fair value184 1 
Total gain
$743 $726 
Schedule of valuation technique and unobservable inputs used in the valuation of SBA loans held for investment, at fair value
The table below presents a reconciliation of SBA loans held for investment, at fair value, which were valued on a recurring basis and used significant unobservable inputs (Level 3) for the years ended December 31, 2021 and 2020:
 Year Ended December 31,
20212020
Balance of SBA loans held for investment at fair value, beginning of period
$9,264 $10,341 
Principal payments
(1,227)(741)
Charge-offs
(8)(97)
SBA repurchase of guaranteed balances— (240)
Repurchase of guaranteed balances previously participated
1,401 — 
Total gains during the period
184 1 
Balance of SBA loans held for investment at fair value, end of period
$9,614 $9,264 
The following table provides information about the valuation techniques and unobservable inputs used in the valuation of SBA loans held for investment, at fair value, interest rate lock commitments, best efforts forward sales contracts falling within Level 3 of the fair value hierarchy at December 31, 2021 and December 31, 2020:
 Fair ValueValuation
Technique		Unobservable InputsRange (Weighted Average)
December 31, 2021
SBA loans held for
$9,614 DiscountedDiscount Rate
3.22%-6.72% (4.22%)
investment, at fair value
Cash FlowConditional Prepayment Rate
10.56%-10.56% (10.56%)
Interest rate lock commitments1,412 Quoted market pricesPull-through expectations
24.00%-100.00% (84.40%)
Best efforts forward sales contracts27 Quoted market pricesPull-through expectations
24.00%-80.00% (65.79%)
December 31, 2020
SBA loans held for
$9,264 DiscountedDiscount Rate
3.24%-6.74% (4.37%)
investment, at fair value
Cash FlowConditional Prepayment Rate
10.53%-10.56% (10.55%)
Interest rate lock commitments7,553 Quoted market pricesPull-through expectations
52.50%-100.00% (81.63%)
Best efforts forward sales contracts55 Quoted market pricesPull-through expectations
52.50%-80.00% (73.37%)
Schedule of assets measured at fair value on a nonrecurring basis
Assets measured at fair value on a nonrecurring basis at December 31, 2021 are summarized below:
 Fair ValueValuation Technique(s)Significant
Unobservable
Input(s)		Discount % Range/Amount
Impaired loans
$1,614 Discount appraisals, estimated net realizable value of collateralCollateral discounts10%
Assets measured at fair value on a nonrecurring basis at December 31, 2020 are summarized below:
Fair ValueValuation Technique(s)Significant
Unobservable
Input(s)		Discount % Range/Amount
Impaired loans
$1,583 Discount appraisals, estimated net realizable value of collateralCollateral discounts
20-75%
Summary of the carrying values and estimated values of financial instruments not carried at fair value
The carrying values and estimated fair values of financial instruments not carried at fair value, at December 31, 2021 and December 31, 2020 are as follows:
December 31, 2021December 31, 2020
LevelCarrying ValueFair ValueCarrying ValueFair Value
Assets:
Cash and cash equivalents
1$109,727 $109,727 $55,379 $55,379 
Time deposits in banks
22,381 2,437 2,381 2,521 
Investment securities held to maturity
22 2 41 39 
Restricted equity securities, at cost
22,827 2,827 2,362 2,362 
Government guaranteed loans held for sale21,460 1,460 — — 
Loans held for investment, at amortized cost
3560,882 569,394 1,197,896 1,213,967 
Accrued interest receivable
33,564 3,564 7,300 7,300 
SBA loan servicing rights
36,407 8,050 8,160 9,709 
Mortgage loan servicing rights
3212 212 — — 
Liabilities:
Noninterest-bearing deposits
2$83,638 $83,638 $62,650 $62,650 
Interest-bearing transaction accounts
2163,495 163,495 140,265 140,265 
Savings and money market deposits
2423,864 423,864 286,744 286,744 
Time deposits
250,688 51,049 69,125 69,743 
Subordinated debentures
25,985 6,175 5,948 6,516 
Notes payable
23,299 3,350 3,754 3,754 
PPP Liquidity Facility
269,654 69,654 881,262 881,262 
Accrued interest payable
2326 326 1,999 1,999