Allowance for Credit Losses (Tables)

3 Months Ended

Mar. 31, 2024

Allowance for Credit Loss [Abstract]

Schedule of Allocation of the Allowance for Loan Losses

The following tables provide the allocation of the ACL for loans held for investment as well as the activity in the ACL attributed to various segments in the loan portfolio as of, and for the periods indicated:

	Three Months Ended March 31, 2024
(Dollars in thousands)	Beginning ACL Balance		Charge-offs		Recoveries		Provision for Credit Losses		Ending ACL Balance
Investor loans secured by real estate
CRE non-owner-occupied	$	31,030	$	(927)	$	—	$	678	$	30,781
Multifamily	56,312		—		5		2,094		58,411
Construction and land	9,314		—		—		(1,143)		8,171
SBA secured by real estate	2,182		(253)		—		255		2,184
Business loans secured by real estate
CRE owner-occupied	28,787		(4,452)		63		4,362		28,760
Franchise real estate secured	7,499		(212)		—		(29)		7,258
SBA secured by real estate	4,427		—		1		(140)		4,288
Commercial loans
Commercial and industrial	36,692		(585)		39		961		37,107
Franchise non-real estate secured	15,131		(100)		—		(711)		14,320
SBA non-real estate secured	458		—		2		35		495
Retail loans
Single family residential	505		—		—		(63)		442
Consumer loans	134		—		—		(11)		123
Totals	$	192,471	$	(6,529)	$	110	$	6,288	$	192,340

	Three Months Ended March 31, 2023
(Dollars in thousands)	Beginning ACL Balance		Charge-offs		Recoveries		Provision for Credit Losses		Ending ACL Balance
Investor loans secured by real estate
CRE non-owner-occupied	$	33,692	$	(66)	$	15	$	(1,926)	$	31,715
Multifamily	56,334		(217)		—		1,670		57,787
Construction and land	7,114		—		—		558		7,672
SBA secured by real estate	2,592		—		—		(301)		2,291
Business loans secured by real estate
CRE owner-occupied	32,340		(2,163)		12		(855)		29,334
Franchise real estate secured	7,019		—		—		771		7,790
SBA secured by real estate	4,348		—		—		67		4,415
Commercial loans
Commercial and industrial	35,169		(1,123)		211		3,402		37,659
Franchise non-real estate secured	16,029		—		100		(408)		15,721
SBA non-real estate secured	441		—		6		(46)		401
Retail loans
Single family residential	352		(90)		1		129		392
Consumer loans	221		(5)		35		(40)		211
Totals	$	195,651	$	(3,664)	$	380	$	3,021	$	195,388

Schedule of Fair Value, off-Balance-Sheet Risks

The following table summarizes the activities in the ACL for off-balance sheet commitments for the periods indicated:

	Three Months Ended
	March 31,		March 31,
(Dollars in thousands)	2024		2023
Beginning ACL balance	$	19,264	$	23,641
Provision for credit losses on off-balance sheet commitments	(2,425)		(189)
Ending ACL balance	$	16,839	$	23,452