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Securities (Tables)
3 Months Ended
Mar. 31, 2025
Investments, Debt and Equity Securities [Abstract]  
Schedule of Amortized Cost, Fair Value, and Corresponding Amounts of Gross Unrealized Gains and Losses for Available for Sale Securities
The following table summarizes the amortized cost, the corresponding amounts of gross unrealized gains and losses, and estimated fair value of available-for-sale ("AFS") debt securities as of March 31, 2025 and December 31, 2024:

March 31, 2025
($ in thousands)
Amortized
Cost
Gross
Unrealized
Gain
Gross
Unrealized
Loss
Fair
Value
U.S. Government agencies or sponsored agency securities:
Residential mortgage-backed securities$40,059 $— $(3,661)$36,398 
Residential collateralized mortgage obligations155,022 668 (15,114)140,576 
Municipal securities - tax exempt5,857 — (351)5,506 
Total AFS debt securities$200,938 $668 $(19,126)$182,480 

December 31, 2024
($ in thousands)
Amortized
Cost
Gross
Unrealized
Gain
Gross
Unrealized
Loss
Fair
Value
U.S. Government agencies or sponsored agency securities:
Residential mortgage-backed securities$41,521 $— $(4,445)$37,076 
Residential collateralized mortgage obligations160,187 312 (17,458)143,041 
Municipal securities - tax exempt5,830 37 (75)5,792 
Total AFS debt securities$207,538 $349 $(21,978)$185,909 
Schedule of Amortized Cost and Estimated Fair Value of Securities Available for Sale by Contractual Maturity
The amortized cost and estimated fair value of AFS debt securities as of March 31, 2025, by contractual maturity, are shown below:

($ in thousands)Amortized
Cost
Fair
Value
One Year or Less$63 $62 
After one year through five years968 940 
After five years through ten years2,590 2,403 
After ten years197,317 179,075 
Total AFS debt securities$200,938 $182,480 
Schedule of Unrealized Losses on AFS Debt Securities
The following table presents the fair value and the associated gross unrealized losses on AFS debt securities by length of time those individual securities in each category have been in a continuous loss as of March 31, 2025 and December 31, 2024:

March 31, 2025
Less Than 12 Months12 Months or LongerTotal
($ in thousands)
Fair
Value
Unrealized
Loss
Fair
Value
Unrealized
Loss
Fair
Value
Unrealized
Loss
U.S. Government agencies or sponsored agency securities:
Residential mortgage-backed securities$5,246 $(64)$31,152 $(3,597)$36,398 $(3,661)
Residential collateralized mortgage obligations— — 92,233 (15,114)92,233 (15,114)
Municipal securities - tax exempt3,805 (207)1,701 (144)5,506 (351)
Total AFS debt securities$9,051 $(271)$125,086 $(18,855)$134,137 $(19,126)
December 31, 2024
Less Than 12 Months12 Months or LongerTotal
($ in thousands)
Fair
Value
Unrealized
Loss
Fair
Value
Unrealized
Loss
Fair
Value
Unrealized
Loss
U.S. Government agencies or sponsored agency securities:
Residential mortgage-backed securities$5,442 $(133)$31,634 $(4,312)$37,076 $(4,445)
Residential collateralized mortgage obligations27,614 (214)93,236 (17,244)120,850 (17,458)
Municipal securities - tax exempt895 (19)1,788 (56)2,683 (75)
Total AFS debt securities$33,951 $(366)$126,658 $(21,612)$160,609 $(21,978)
Schedule of Other Investments
The following table presents the other investment securities, which are included in other investments on the Consolidated Balance Sheets as of March 31, 2025 and December 31, 2024:

($ in thousands)March 31, 2025December 31, 2024
FHLB stock$12,615 $12,615 
Pacific Coast Bankers Bank ("PCBB") stock190 190 
Mutual fund - Community Reinvestment Act ("CRA") qualified3,612 3,532 
Time deposits placed in other banks100 100 
Total other investments$16,517 $16,437