Shore Bancshares (SHBI) 10-Q 14 Nov 23 2023 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2023	Nov. 13, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2023
Document Transition Report	false
Entity File Number	0-22345
Entity Registrant Name	SHORE BANCSHARES, INC.
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	52-1974638
Entity Address, Address Line One	18 E. Dover Street
Entity Address, City or Town	Easton
Entity Address, State or Province	MD
Entity Address, Postal Zip Code	21601
City Area Code	410
Local Phone Number	763-7800
Title of 12(b) Security	Common Stock
Trading Symbol	SHBI
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		33,145,695
Entity Central Index Key	0001035092
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2023	Dec. 31, 2022
ASSETS
Cash and due from banks	$ 68,097,000	$ 37,661,000
Interest-bearing deposits with other banks	40,612,000	17,838,000
Cash and cash equivalents	108,709,000	55,499,000
Investment securities:
Investment securities - AFS	79,143,000	83,587,000
Held to maturity, net of allowance for credit losses of $126 (2023) (fair value of $445,652 (2023) and $494,627 (2022))	523,051,000	559,455,000
Equity securities, at fair value	5,434,000	1,233,000
Restricted securities, at cost	13,361,000	11,169,000
Loans held for sale, at fair value	14,725,000	4,248,000
Less: allowance for credit losses	(57,051,000)	(16,643,000)
Loans, net	4,560,668,000	2,539,464,000
Premises and equipment, net	81,149,000	51,488,000
Goodwill	63,266,000	63,266,000
Core deposit intangible, net	50,685,000	5,547,000
Other real estate owned, net	179,000	197,000
Mortgage servicing rights, at fair value	5,890,000	5,275,000
Right-of-use assets	12,741,000	9,629,000
Cash surrender value on life insurance	100,950,000	59,218,000
Accrued interest receivable	15,683,000	9,384,000
Deferred income taxes	48,699,000	7,357,000
Other assets	24,392,000	11,260,000
TOTAL ASSETS	5,708,725,000	3,477,276,000
Deposits:
Noninterest-bearing	1,211,401,000	862,015,000
Interest-bearing	3,897,343,000	2,147,769,000
Total deposits	5,108,744,000	3,009,784,000
Advances from FHLB - short-term	0	40,000,000
Guaranteed preferred beneficial interest in junior subordinated debentures ("TRUPS")	29,079,000	18,398,000
Subordinated debt	42,956,000	24,674,000
Total borrowings	72,035,000	83,072,000
Lease liabilities	13,082,000	9,908,000
Other liabilities	9,933,000	10,227,000
TOTAL LIABILITIES	5,203,794,000	3,112,991,000
STOCKHOLDERS' EQUITY
Common stock, par value $.01 per share; shares authorized - 35,000,000; shares issued and outstanding - 33,136,182 (2023) and 19,864,956 (2022)	331,000	199,000
Additional paid in capital	355,575,000	201,494,000
Retained earnings	159,134,000	171,613,000
Accumulated other comprehensive loss	(10,109,000)	(9,021,000)
TOTAL STOCKHOLDERS' EQUITY	504,931,000	364,285,000
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 5,708,725,000	$ 3,477,276,000

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Available-for-sale, amortized cost	$ 93,052	$ 95,999
Held to maturity, allowance for credit losses	126	0
Held to maturity, fair value	445,652	494,627
Loans, at fair value	$ 9,302	$ 8,437
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	35,000,000	35,000,000
Common stock, issued (in shares)	33,136,182	19,864,956
Common stock, outstanding (in shares)	33,136,182	19,864,956

CONSOLIDATED STATEMENTS OF (LOS

CONSOLIDATED STATEMENTS OF (LOSS)/INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
INTEREST INCOME
Interest and fees on loans	$ 64,869	$ 25,924	$ 128,424	$ 71,458
Interest and dividends on taxable investment securities	5,047	3,186	12,840	7,562
Interest and dividends on tax-exempt investment securities	27	0	41	0
Interest on federal funds sold	92	0	92	0
Interest on deposits with other banks	1,213	1,466	1,546	2,546
Total interest income	71,248	30,576	142,943	81,566
INTEREST EXPENSE
Interest on deposits	23,473	2,561	40,668	5,429
Interest on short-term borrowings	692	0	5,501	2
Interest on long-term borrowings	1,461	700	2,992	1,776
Total interest expense	25,626	3,261	49,161	7,207
NET INTEREST INCOME	45,622	27,315	93,782	74,359
Provision for credit losses	28,176	675	30,056	1,475
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	17,446	26,640	63,726	72,884
NONINTEREST INCOME
Service charges on deposit accounts	1,505	1,509	3,981	4,306
Trust and investment fee income	1,933	421	2,764	1,383
Loss on sales and calls of investment securities	(2,166)	0	(2,166)	0
Interchange credits	1,557	1,241	4,081	3,532
Mortgage-banking revenue	1,377	680	3,408	3,643
Title Company revenue	89	397	412	1,146
Bargain purchase gain	12,169	0	12,169	0
Other noninterest income	1,873	1,096	4,317	3,214
Total noninterest income	18,337	5,344	28,966	17,224
NONINTEREST EXPENSE
Salaries and wages	14,183	8,562	31,822	27,022
Employee benefits	3,607	2,191	8,968	7,122
Occupancy expense	2,245	1,496	5,463	4,548
Furniture and equipment expense	750	533	1,761	1,370
Data processing	2,485	1,759	6,022	5,034
Directors' fees	295	217	730	617
Amortization of core deposit intangible	2,634	499	3,510	1,528
FDIC insurance premium expense	618	339	1,747	1,111
Other real estate owned expenses, net	2	1	2	52
Legal and professional fees	1,217	756	2,926	2,204
Merger-related expenses	14,866	159	16,754	1,130
Other noninterest expenses	4,256	2,387	9,956	7,585
Total noninterest expense	47,158	18,899	89,661	59,323
(Loss)/income before income taxes	(11,375)	13,085	3,031	30,785
Income tax (benefit) expense	(4,991)	3,427	(1,060)	8,016
NET (LOSS) INCOME	$ (6,384)	$ 9,658	$ 4,091	$ 22,769
Basic net income per common share (in dollars per share)	$ (0.19)	$ 0.49	$ 0.17	$ 1.15
Diluted net income per common share (in dollars per share)	(0.19)	0.49	0.17	1.15
Dividends paid per common share (in dollars per share)	$ 0.12	$ 0.12	$ 0.36	$ 0.36

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS)/INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Statement of Comprehensive Income [Abstract]
Net (loss) income	$ (6,384)	$ 9,658	$ 4,091	$ 22,769
Investment securities:
Unrealized holding losses on available-for-sale-securities	(2,132)	(4,307)	(1,498)	(13,533)
Tax effect	584	1,177	410	3,696
Total other comprehensive loss	(1,548)	(3,130)	(1,088)	(9,837)
Comprehensive (loss) income	$ (7,932)	$ 6,528	$ 3,003	$ 12,932

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($) $ in Thousands	Total	Cumulative effect adjustment due to the adoption of ASC 326, net of tax	Common Stock	Additional Paid in Capital	Retained Earnings	Retained Earnings Cumulative effect adjustment due to the adoption of ASC 326, net of tax	Accumulated Other Comprehensive (Loss) Income
Beginning balance at Dec. 31, 2021	$ 350,693		$ 198	$ 200,473	$ 149,966		$ 56
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	5,613				5,613
Other comprehensive income (loss)	(2,228)						(2,228)
Common shares issued for employee stock purchase plan	37			37
Stock-based compensation	130			130
Cash dividends declared	(2,381)				(2,381)
Ending balance at Mar. 31, 2022	351,864		198	200,640	153,198		(2,172)
Beginning balance at Dec. 31, 2021	350,693		198	200,473	149,966		56
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	22,769
Ending balance at Sep. 30, 2022	357,221		199	201,213	165,590		(9,781)
Beginning balance at Dec. 31, 2021	350,693		198	200,473	149,966		56
Ending balance at Dec. 31, 2022	$ 364,285	$ (7,818)	199	201,494	171,613	$ (7,818)	(9,021)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accounting Standards Update [Extensible Enumeration]	Accounting Standards Update 2016-13 [Member]
Beginning balance at Mar. 31, 2022	$ 351,864		198	200,640	153,198		(2,172)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	7,499				7,499
Other comprehensive income (loss)	(4,479)						(4,479)
Common shares issued for employee stock purchase plan	102			102
Stock-based compensation	172			172
Cash dividends declared	(2,381)				(2,381)
Ending balance at Jun. 30, 2022	352,777		198	200,914	158,316		(6,651)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	9,658				9,658
Other comprehensive income (loss)	(3,130)						(3,130)
Common shares issued for employee stock purchase plan	125		1	124
Stock-based compensation	175			175
Cash dividends declared	(2,384)				(2,384)
Ending balance at Sep. 30, 2022	357,221		199	201,213	165,590		(9,781)
Beginning balance at Dec. 31, 2022	364,285	(7,818)	199	201,494	171,613	(7,818)	(9,021)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	6,457				6,457
Other comprehensive income (loss)	860						860
Common shares issued for employee stock purchase plan	87			87
Stock-based compensation	155			155
Cash dividends declared	(2,388)				(2,388)
Ending balance at Mar. 31, 2023	361,638		199	201,736	167,864		(8,161)
Beginning balance at Dec. 31, 2022	364,285	$ (7,818)	199	201,494	171,613	$ (7,818)	(9,021)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	4,091
Ending balance at Sep. 30, 2023	504,931		331	355,575	159,134		(10,109)
Beginning balance at Mar. 31, 2023	361,638		199	201,736	167,864		(8,161)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	4,018				4,018
Other comprehensive income (loss)	(400)						(400)
Common shares issued for employee stock purchase plan	102			102
Stock-based compensation	170			170
Cash dividends declared	(2,388)				(2,388)
Ending balance at Jun. 30, 2023	363,140		$ 199	202,008	169,494		(8,561)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	(6,384)				(6,384)
Other comprehensive income (loss)	(1,548)						(1,548)
TCFC acquisition (in shares)			132,000
TCFC acquisition	153,086			152,954
Common shares issued for employee stock purchase plan	84			84
Stock-based compensation	529			529
Cash dividends declared	(3,976)				(3,976)
Ending balance at Sep. 30, 2023	$ 504,931		$ 331	$ 355,575	$ 159,134		$ (10,109)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income	$ 4,091	$ 22,769
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Net accretion of acquisition accounting estimates	(6,672)	(1,225)
Provision for credit losses	30,056	1,475
Depreciation and amortization	6,847	4,253
Net amortization of securities	724	1,121
Amortization of debt issuance costs	92	92
Provisional bargain purchase gain	(12,169)	0
(Gain) on mortgage banking activities	(2,602)	(2,526)
Proceeds from sale of mortgage loans held for sale	80,846	128,595
Originations of loans held for sale	(89,485)	(98,020)
Stock-based compensation expense	853	477
Deferred income tax (benefit)	(934)	(723)
Losses on sales and calls of securities	2,166	0
Loss (Gain) on valuation adjustments on mortgage servicing rights	5	(459)
Valuation adjustments on premises transferred to held for sale	271	0
(Gain) Loss on sales and valuation adjustments on other real estate owned	(3)	44
Fair value adjustments on loans held for investments, at fair value	492	0
Fair value adjustment on equity securities	177	162
Bank owned life insurance income	(1,305)	(702)
Net changes in:
Accrued interest receivable	2,810	(721)
Other assets	(10,145)	(304)
Accrued interest payable	1,192	(217)
Other liabilities	(20,663)	(4,030)
Net cash (used in) provided by operating activities	(13,356)	50,061
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from maturities and principal payments of investment securities available for sale	12,304	16,719
Proceeds from the sale of acquired AFS securities	434,215	0
Proceeds from maturities and principal payments of investment securities held to maturity	35,023	40,603
Proceeds from sale of loans held for investment	8,611	0
Purchases of securities held to maturity	0	(207,466)
Purchases of equity securities	(41)	(12)
Purchase of restricted securities	(26,076)	(5,735)
Net change in loans	(297,999)	(280,874)
Purchases of premises and equipment	(3,654)	(2,274)
Proceeds from sales of other real estate owned	21	394
Improvements to other real estate owned	0	(34)
Redemption of restricted securities	28,224	0
Purchases of bank owned life insurance	(187)	(10,131)
Proceeds from disposal of premises held for sale	721	0
Cash acquired in the acquisition of TCFC, net of cash paid	25,372	0
Net cash provided by (used in) investing activities	216,534	(448,810)
Net changes in:
Noninterest-bearing deposits	(239,293)	(33,689)
Interest-bearing deposits	206,804	23,156
Short-term borrowings	(109,000)	(4,143)
Common stock dividends paid	(8,752)	(7,146)
Issuance of common stock	273	264
Net cash provided by (used in) financing activities	(149,968)	(21,558)
Net increase (decrease) in cash and cash equivalents	53,210	(420,307)
Cash and cash equivalents at beginning of period	55,499	583,613
Cash and cash equivalents at end of period	108,709	163,306
Supplemental cash flows information:
Interest paid	47,243	7,705
Income taxes paid	7,894	7,070
Recognition (remeasurement of) lease liabilities arising from right-of-use assets	45	(616)
Transfers from loans to other real estate owned	0	69
Unrealized losses on securities available for sale	(1,498)	(13,533)
Transfer of premises to held for sale (included in other assets)	$ 750	$ 0

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The consolidated financial statements include the accounts of Shore Bancshares, Inc. and its subsidiaries with all significant intercompany transactions eliminated. The consolidated financial statements conform to accounting principles generally accepted in the United States of America (“GAAP”) and to prevailing practices within the banking industry. The accompanying interim financial statements are unaudited; however, in the opinion of management all adjustments necessary to present fairly the consolidated financial position at September 30, 2023, the consolidated results of income and comprehensive income for the three and nine months ended September 30, 2023 and 2022, changes in stockholders’ equity for the three and nine months ended September 30, 2023 and 2022 and cash flows for the nine months ended September 30, 2023 and 2022, have been included. All such adjustments were of a normal recurring nature. The amounts as of December 31, 2022 were derived from the 2022 audited financial statements. The results of operations for the three and nine months ended September 30, 2023 are not necessarily indicative of the results to be expected for any other interim period or for the full year. This Quarterly Report on Form 10-Q should be read in conjunction with the Annual Report of Shore Bancshares, Inc. on Form 10-K for the year ended December 31, 2022. For purposes of comparability, certain immaterial reclassifications have been made to amounts previously reported to conform with the current period presentation. When used in these notes, the term “the Company” refers to Shore Bancshares, Inc. and, unless the context requires otherwise, its consolidated subsidiaries, Shore United Bank, N.A. (the “Bank”) and Mid-Maryland Title Company, Inc. (the “Title Company”). Pending Recent Accounting Standards ASU No. 2022-03 - In June 2022, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2022-03, “Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions”. ASU 2022-03 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. The ASU is effective for fiscal years, including interim periods within those fiscal years, beginning after December 15, 2023. Early adoption is permitted. The Company does not expect the adoption of ASU 2022-03 to have a material impact on its consolidated financial statements.

Adoption of Accounting Standard

Adoption of Accounting Standards	9 Months Ended
	Sep. 30, 2023
Accounting Standards Update and Change in Accounting Principle [Abstract]
Adoption of Accounting Standards	Adoption of Accounting Standards On January 1, 2023, the Company adopted ASU 2016-13 “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments,” ASU 2018-19, “Codification Improvements to Topic 326, Financial Instruments – Credit Losses,” ASU 2019-04, “Codification Improvements to Topic 326, Financial Instruments – Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments,” ASU 2019-05, “Financial Instruments – Credit Losses (Topic 326): Targeted Transition Relief,” ASU 2019-10, “Financial instruments – Credit losses (Topic 326), Derivatives and hedging (Topic 815), and Leases (Topic 842) – Effective dates,” ASU 2019-11, “Codification Improvements to Topic 326, Financial Instruments – Credit Losses,” ASU 2020-02, “Financial Instruments – Credit Losses (Topic 326) and Leases (Topic 842),” ASU 2020-03, “Codification Improvements to Financial Instruments” and ASU 2022-02, “Financial Instruments – Credit Losses (Topic 326) – Troubled Debt Restructurings and Vintage Disclosures” (collectively, ASC 326). The significant impacts of adopting these standards and related updates to the Company’s accounting policies are discussed below. ASC 326 requires entities to estimate an allowance for credit losses (“ACL”) on certain types of financial instruments measured at amortized cost using a current expected credit losses (“CECL”) methodology, replacing the incurred loss methodology from prior GAAP. It also applies to unfunded commitments to extend credit, including loan commitments, standby letters of credit, and other similar instruments. The impairment model for available-for-sale (“AFS”) debt securities was modified and ASC 326 also provided for a simplified accounting model for purchased financial assets with credit deterioration since their origination. Additionally, the measurement principles for modifications of loans to borrowers experiencing financial difficulty were modified, including how the ACL is measured for such loans. The amendments of ASC 326, upon adoption, were applied on a modified retrospective basis, by recording an increase in the reported balance of loans and the allowance for credit losses on loans, an increase in the liability for credit losses on commitments to extend credit and reducing total equity of both the Company and the Bank. As a result of adopting ASC 326, the Company recorded a decrease to opening retained earnings, net of taxes, of approximately $7.8 million. ASC 326 also replaced the Company’s previous accounting policies for purchased credit-impaired (“PCI”) loans and troubled-debt restructurings (“TDRs”). With the adoption of ASC 326, loans previously designated as PCI loans were designated as purchased loans with credit deterioration (“PCD loans”). The Company adopted ASC 326 using the prospective transition approach for PCD loans that were previously identified as PCI and accounted for under ASC 310-30. On January 1, 2023, the Company’s PCD loans were adjusted to reflect the addition of expected credit losses to the amortized cost basis of the loans and a corresponding increase to the ACL. The remaining noncredit discount, which represents the difference between the adjusted amortized cost basis and the outstanding principal balance on PCD loans, will be accreted into interest income over the estimated remaining lives of the loans using the effective interest rate method. The evaluation of the ACL will include PCD loans together with other loans that share similar risk characteristics, rather than using the separate pools that were used under PCI accounting, unless the loans are specifically identified for individual evaluation under our CECL methodology. The adoption of ASC 326 also replaced previous TDR accounting guidance, and the evaluation of the ACL will include loans previously designated as TDRs together with other loans that share similar risk characteristics, unless the loans are specifically identified for individual evaluation under our CECL methodology. The following table shows the impact of the Company's adoption of ASC 326 on loans, the ACL, and the Company’s reserve for unfunded commitments. January 1, 2023 (Dollars in thousands) As Reported Under ASC 326 Pre-ASC 326 Adoption Change Total Loans, gross $ 2,556,267 $ 2,556,107 $ 160 Allowance for credit losses (27,434) (16,643) (10,791) Total loans, net $ 2,528,833 $ 2,539,464 $ (10,631) Liabilities: Reserve for Unfunded Commitments $ 581 $ 316 $ 265 As discussed in Note 3, the Company completed the merger with The Community Financial Corporation (“TCFC”) on July 1, 2023. Due to inconsistencies with historical loan loss data between the Bank and TCFC, management updated the methodology used to estimate the probability of default and the independent economic variables used to forecast default rates. Due to the lack of uniformity of historical data used for probability default data between the legacy banks, management concluded that the exclusive use of either legacy model was inappropriate in a post-merger environment. As a result, management engaged the model vendor to perform a Loss Driver Analysis ("LDA"), which utilized the legacy Shore United and legacy CBTC’s Call Report data to derive gross loan balances and charge-off data on a quarterly basis dating back to 2004. Using this data, the vendor performed regression analyses of a number of independent economic variables to determine the "best fit" of the economic variable to be used as a predictor of expected losses or the periodic default rate ("PDR"). Loss Given Default (“LGD”) values were calculated utilizing Frye-Jacobs model using the same historical gross-charge-off data derived from the Call Reports. In conjunction with our change in methodology used to derive the PDR/LGD, management also reassessed our qualitative factor overlay design. The following table shows the impact of change in methodology. (Dollars in thousands) Balance as of June 30, 2023 Impact of methodology change Balance as of adoption of methodology change Construction $ 2,386 $ 33 $ 2,419 Residential real estate 9,151 4,016 13,167 Commercial real estate 10,267 1,065 11,332 Commercial 1,956 442 2,398 Consumer 5,254 1,791 7,045 Total allowance $ 29,014 $ 7,347 $ 36,361 The following accounting policies have been updated in connection with the adoption of ASC 326 and apply to periods beginning after December 31, 2022. Accounting policies applying to prior periods are described in the 2022 Annual Report, as discussed above. Investments in Debt Securities Investments in debt securities are classified as either held to maturity (“HTM”), AFS, or trading, based on management’s intent. Currently, the Company has classified its debt securities within the AFS and HTM classifications. Debt securities purchased with the positive intent and ability to hold to maturity are classified as HTM and are recorded at amortized cost, net of any ACL. Debt securities not classified as HTM are classified as AFS and are carried at estimated fair value with the corresponding unrealized gains and losses recognized in other comprehensive income (loss). Gains or losses are recognized in net income on the trade date using the amortized cost of the specific security sold. Purchase premiums are recognized in interest income using the effective interest rate method over the period from purchase to maturity or, for callable securities, the earliest call date, and purchase discounts are recognized in the same manner from purchase to maturity. The Company has elected to exclude accrued interest receivable from the amortized cost basis and fair value of its HTM and AFS debt securities and has included such accrued interest of $2.0 million at September 30, 2023 within the accrued interest receivable line item of the Consolidated Balance Sheets. The Company estimates an ACL for held to maturity debt securities on a collective basis by major security type and standard credit rating. Certain securities in our HTM securities portfolio are either explicitly or implicitly guaranteed by the U.S. government, are highly rated by major rating agencies and have a long history of no credit losses. With respect to these securities, we consider the risk of credit loss to be zero and, therefore, we do not record an ACL. The estimate of an ACL on our HTM securities that are not guaranteed by the U.S. government considers historical credit loss information and severity of loss in the event of default and leverages external data. No ACL is recorded on accrued interest receivable and amounts written-off are reversed by an adjustment to interest income. An ACL on held to maturity debt securities that do not share common risk characteristics with our collective portfolio are individually measured based on net realizable value, or the difference between the discounted value of the expected future cash flows and the recorded amortized cost basis of the security. For debt securities AFS, impairment is recognized in its entirety in net income if either (i) we intend to sell the security or (ii) it is more-likely-than-not that we will be required to sell the security before recovery of its amortized cost basis. If, however, the Company does not intend to sell the security and it is not more-likely-than-not that the Company will be required to sell the security before recovery, the Company evaluates unrealized losses to determine whether a decline in fair value below amortized cost basis is a result of a credit loss, which occurs when the amortized cost basis of the security exceeds the present value of the cash flows expected to be collected from the security, or other factors such as changes in market interest rates. If a credit loss exists, an ACL is recorded that reflects the amount of the impairment related to credit losses, limited by the amount by which the specific security’s amortized cost basis exceeds its fair value. Changes in the ACL are recorded in net income in the period of change and are included in provision for credit losses. Changes in the fair value of debt securities AFS not resulting from credit losses are recorded in other comprehensive income (loss). The Company regularly reviews unrealized losses in its investments in securities and cash flows expected to be collected from impaired securities based on criteria including the extent to which market value is below amortized cost, the financial health of and specific prospects for the issuer, the Company’s intention with regard to holding the security to maturity and the likelihood that the Company would be required to sell the security before recovery. Loans Held for Investment The Company’s recorded investment in loans that management has the intent and ability to hold for the foreseeable future or until maturity or pay-off generally is reported at the unpaid principal balances adjusted for charges-offs, unearned discounts, any deferred fees or costs on originated loans, and the ACL. The Company has elected to exclude accrued interest receivable from the amortized cost basis of its loans held for investment and has included such accrued interest of $13.6 million at September 30, 2023 within the accrued interest receivable line item of the Consolidated Balance Sheets. Interest on loans is recorded to interest income based on the contractual rates and the amount of outstanding principal of the loans. Loan fees and origination costs are deferred and the net amount is amortized as an adjustment of the related loan’s yield using the level-yield method. Loans acquired in a business combination are recorded at estimated fair value on the date of acquisition. In the case of loans that have experienced more than insignificant deterioration in credit quality since origination as of the acquisition date, the loan’s amortized cost basis is increased above estimated fair value by the amount of expected credit losses as of the acquisition date, and a corresponding ACL is also recorded. A loan’s past due status is based on the contractual due date of the most delinquent payment due. Loans are generally placed on nonaccrual status when the collection of principal or interest is 90 days or more past due, or earlier, if collection is uncertain. Any accrued interest receivable on loans placed on nonaccrual status is reversed by an adjustment to interest income. Loans greater than 90 days past due may remain on accrual status if management determines it has adequate collateral to cover the principal and interest. Interest payments received on nonaccrual loans are applied as a reduction of the loan principal balance unless collectability of the principal amount is reasonably assured, in which case interest is recognized on a cash basis. A loan may be returned to accrual status if the borrower has demonstrated a sustained period of repayment performance in accordance with the contractual terms of the loan and there is reasonable assurance the borrower will continue to make payments as agreed. In the ordinary course of business, the Company has entered into commitments to extend credit and standby letters of credit. Such financial instruments are recorded in the Consolidated Balance Sheets when they are funded. In the normal course of banking business, risks related to specific loan categories are as follows: Construction loans – Construction loans are offered primarily to builders and individuals to finance the construction of single-family dwellings. In addition, the Bank periodically finances the construction of commercial projects. Credit risk factors include the borrower’s ability to successfully complete the construction on time and within budget, changing market conditions which could affect the value and marketability of projects, changes in the borrower’s ability or willingness to repay the loan and potentially rising interest rates which can impact both the borrower’s ability to repay and the collateral value. Residential real estate – Residential real estate loans are typically made to consumers and are secured by residential real estate. Credit risk arises from the borrower’s continuing financial stability, which can be adversely impacted by job loss, divorce, illness, or personal bankruptcy, among other factors. Also impacting credit risk would be a shortfall in the value of the residential real estate in relation to the outstanding loan balance in the event of a default or subsequent liquidation of the real estate collateral. Commercial real estate – Commercial real estate loans consist of both loans secured by owner occupied properties and non-owner occupied properties where an established banking relationship exists and involves investment properties for warehouse, retail, and office space with a history of occupancy and cash flow. These loans are subject to adverse changes in the local economy and commercial real estate markets. Credit risk associated with owner occupied properties arises from the borrower’s financial stability and the ability of the borrower and the business to repay the loan. Non-owner occupied properties carry the risk of a tenant’s deteriorating credit strength, lease expirations in soft markets and sustained vacancies which can adversely impact cash flow. Commercial – Commercial loans are secured or unsecured loans for business purposes. Loans are typically secured by accounts receivable, inventory, equipment and/or other assets of the business. Credit risk arises from the successful operation of the business which may be affected by competition, rising interest rates, regulatory changes and adverse conditions in the local and regional economy. Consumer – Consumer loans include installment loans and personal lines of credit. Credit risk is similar to residential real estate loans above as it is subject to the borrower’s continuing financial stability and the value of the collateral securing the loan. ACL on Loans Held for Investment An ACL is estimated on loans held for investment, excluding loans carried at fair value. The ACL on loans is established through charges to earnings in the form of a provision for credit losses. Loan losses are charged against the ACL for the difference between the carrying value of the loan and the estimated net realizable value or fair value of the collateral, if collateral dependent, when management believes that the collectability of the principal is unlikely. Subsequent recoveries, if any, are credited to the allowance. The allowance represents management’s current estimate of expected credit losses over the contractual term of loans held for investment, and is recorded at an amount that, in management’s judgment, reduces the recorded investment in loans to the net amount expected to be collected. No ACL is recorded on accrued interest receivable and amounts written-off are reversed by an adjustment to interest income. Management’s judgment in determining the level of the allowance is based on evaluations of historical loan losses, current conditions and reasonable and supportable forecasts relevant to the collectability of loans. The methodology for estimating the amount reported in the ACL is the sum of two main components, an allowance assessed on a collective basis for pools of loans that share similar risk characteristics and an allowance assessed on individual loans that do not share similar risk characteristics with other loans . Loans that share common risk characteristics are evaluated collectively using a cash flow approach. The discounted cash flow approach used by the Company utilizes loan-level cash flow projections and pool-level assumptions. For loans that do not share risk characteristics with other loans, the ACL is measured based on the net realizable value, that is, the difference between the discounted value of the expected future cash flows and the amortized cost basis of the loan. When a loan is collateral-dependent and the repayment is expected to be provided substantially through the operation or sale of the collateral, the ACL is measured as the difference between the amortized cost basis of the loan and the fair value of the collateral. Cash flow projections and estimated expected losses on loans which share common risk characteristics are based in part on forecasts economic independent variables, namely the national unemployment rate, 10 year Treasury rate and changes in GDP that are reasonable and supportable over a twelve month period and incorporated into the estimate of expected credit losses using a statistical regression analysis. For periods beyond those for which reasonable and supportable forecasts are available, projections are based on a reversion of the corresponding economic independent variable from the last forecast to a historical average level over the following twelve months. Management’s estimate of the ACL on loans that are collectively evaluated also includes a qualitative assessment of available information relevant to assessing collectability that is not captured in the quantitative loss estimation process. Factors considered by management include changes in general market, economic and business conditions; the nature and volume of the loan portfolio; the volume and severity of delinquencies and adversely classified loan balances and the value of underlying collateral; and other factors as deemed necessary and appropriate. This evaluation is inherently subjective, as it requires estimates that are susceptible to significant revision as more information becomes available. Reserve for Unfunded Commitments

Business Combinations

Business Combinations	9 Months Ended
	Sep. 30, 2023
Business Combination and Asset Acquisition [Abstract]
Business Combinations	Business Combinations On July 1, 2023 (the “Acquisition Date”), the Company completed the acquisition of TCFC, a Maryland charted commercial bank, in accordance with the definitive agreement that was entered into on December 14, 2022, by and among the Company and TCFC. The primary reasons for the merger included: expansion of the branch network and commanding market share positions in attractive Maryland markets and a growing presence in Virginia and Delaware; attractive low-cost funding base; strong cultural alignment and a deep commitment to shareholders, customers, employees, and communities served by Shore and TCFC, meaningful value creation to shareholders; and increased trading liquidity for both companies and increased dividends for TCFC shareholders. In connection with the completion of the merger, former TCFC shareholders received 2.3287 shares of the Company’s common stock. The value of the total transaction consideration was approximately $153.6 million. The consideration included the issuance of 13,201,693 shares of the Company’s common stock, which had a value of $11.56 per share, which was the closing price of the Company’s common stock on June 30, 2023, the last trading day prior to the consummation of the acquisition. Also included in the total consideration were cash in lieu of any fractional shares, converted share-based payment awards, and debt of TCFC that was effectively settled upon closing. The acquisition of TCFC was accounted for as a business combination using the acquisition method of accounting and, accordingly, assets acquired, liabilities assumed, and consideration paid are recorded at estimated fair values on the Acquisition Date. The provisional amount of bargain purchase gain as of the Acquisition Date was approximately $12.2 million. The exchange ratio was determined at the time of announcement of the merger between the Company and TCFC in December of 2022 when the stock price of the Company was much higher than at the legal merger date. The decline in the Company’s stock price was the primary driver in recording a bargain purchase gain on this transaction. The decline in stock price for the Company was comparable to other financial institutions similar to the Company leading up to the merger due to bank failures in the first quarter of 2023 and increases to overnight borrowing rates by the Fed which resulted in continued pressure on net interest margins. The Company will continue to keep the measurement of bargain purchase gain open for any additional adjustments to the fair value of certain accounts, for example loans, that may arise during the Company’s final review procedures of any updated information. If considered necessary, any subsequent adjustments to the fair value of assets acquired and liabilities assumed, identifiable intangible assets, or other purchase accounting adjustments will result in adjustments to bargain purchase gain within the first 12 months following the Acquisition Date. The bargain purchase gain is not expected to be included as taxable income for tax purposes. As a a result of the integration of operations of TCFC, it is not practicable to determine revenue or net income included in the Company’s consolidated operating results relating to TCFC since the Acquisition Date, as TCFC’s results cannot be separately identified. Comparative pro-forma financial statements for the prior year period were not presented, as adjustments to those statements would not be indicative of what would have occurred had the acquisition taken place on January 1, 2022. In particular, adjustments that would have been necessary to be made to record the loans at fair value, the provision of credit losses or the core deposit intangible would not be practical to estimate. (Dollars in thousands) Purchase Price Consideration: Shore Bancshares, Inc. common stock paid at closing price of $11.56 as of June 30, 2023 $ 152,612 Effective settlement of pre-existing debt (1) 500 Cash consideration (cash in lieu for fractional shares) 5 Fair value of converted restricted stock units (2) 475 Total purchase price $ 153,592 Identifiable assets: Cash and cash equivalents $ 25,377 Total securities 454,468 Loans, net 1,765,255 Premises and equipment, net 29,277 Core deposit intangible, net 48,648 Other assets 93,161 Total identifiable assets $ 2,416,186 Identifiable Liabilities Deposits $ 2,131,141 Total debt 97,545 Other liabilities 21,739 Total identifiable liabilities $ 2,250,425 Provisional fair value of net assets acquired $ 165,761 Provisional bargain purchase gain $ (12,169) ____________________________________ (1) SHBI held $500,000 in subordinated debt of TCFC. The debt was effectively settled. (2) Represents the number of TCFC restricted stock units outstanding and the equity exchange ratio, further multiplied by the price per share of SHBI common stock of $11.56 and the estimated ratio of the completed service period relative to the total service period of the underlying awards. The Company recorded all loans acquired at the estimated fair value on the acquisition date with no carryover of the related allowance for loan losses. The Company determined the net discounted value of cash flows on gross loans totaling $1.9 billion, including 3,858 of Non-PCD loans and 323 PCD loans. The valuation took into consideration the loans’ underlying characteristics, including account types, remaining terms, annual interest rates, interest types, past delinquencies, timing of principal and interest payments, current market rates, loan-to-loan value ratios, loss exposures, and remaining balances. These Non-PCD loans were segregated into pools based on loan and payment type. The effect of the valuation process was a total net discount $120.9 million at the Acquisition Date.

Investment Securities

Investment Securities	9 Months Ended
	Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Investment Securities	Investment Securities On January 1, 2023, the Company adopted ASC 326, which made changes to accounting for AFS debt securities whereby credit losses should be presented as an allowance, rather than as a write-down when management does not intend to sell and does not believe that it is more likely than not they will be required to sell prior to maturity. In addition, ASC 326 requires an ACL to be recorded on HTM debt securities measured at amortized cost. All securities information presented as of September 30, 2023 is in accordance with ASC 326. All securities information presented as of December 31, 2022 or a prior date is presented in accordance with previously applicable GAAP. For further discussion on the Corporation’s accounting policies and policy elections related to the accounting standard update refer to Note 2. The following table summarizes the activity in the ACL on HTM securities. (Dollars in thousands) Three Months Ended September 30, 2023 Nine Months Ended September 30, 2023 Balance, beginning of period $ 163 $ — Other debt securities, provision for credit losses (37) 126 Balance, end of period $ 126 $ 126 The ACL for HTM securities was initially determined to be immaterial as of the date of adoption of ASC 326. Upon re-estimation in the third quarter of 2023, an ACL recovery of $37,000 was recorded based on the results of our evaluation at September 30, 2023. The provision for credit losses of $126,000 was recorded for the nine months ended September 30, 2023. The following tables provide information on the amortized cost and estimated fair values of debt securities. (Dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Available-for-sale securities: September 30, 2023 U.S. Government agencies $ 23,622 $ 4 $ 3,995 $ 19,631 Mortgage-backed-residential 63,371 — 9,798 53,573 Other debt securities 6,059 26 146 5,939 Total $ 93,052 $ 30 $ 13,939 $ 79,143 December 31, 2022 U.S. Government agencies $ 21,798 $ 5 $ 3,625 $ 18,178 Mortgage-backed-residential 72,183 2 8,666 63,519 Other debt securities 2,018 — 128 1,890 Total $ 95,999 $ 7 $ 12,419 $ 83,587 No AFS securities were sold from the Company’s legacy securities’ portfolios during the three and nine months ended September 30, 2023 and 2022. The Company sold virtually all of the AFS securities portfolio acquired from TCFC immediately after the legal merger with the proceeds of $430.0 million, and recognized gross losses of $2.2 million from the sale of securities. (Dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Allowance for Credit Losses Held-to-maturity securities: September 30, 2023 U.S. Government agencies $ 143,494 $ — $ 14,873 $ 128,621 $ — Mortgage-backed-residential 367,712 — 61,177 306,535 — States and political subdivisions 1,471 2 68 1,405 — Other debt securities 10,500 — 1,409 9,091 126 Total $ 523,177 $ 2 $ 77,527 $ 445,652 $ 126 December 31, 2022 U.S. Government agencies $ 148,097 $ — $ 13,601 $ 134,496 $ — Mortgage-backed-residential 398,884 — 50,464 348,420 — States and political subdivisions 1,474 35 28 1,481 — Other debt securities 11,000 — 770 10,230 — Total $ 559,455 $ 35 $ 64,863 $ 494,627 $ — Equity securities with an aggregate fair value of $5.4 million at September 30, 2023 and $1.2 million at December 31, 2022 are presented separately on the balance sheet. The fair value adjustment recorded through earnings totaled $0.3 million for the nine months ended September 30, 2023 and $0.1 million for the nine months ended September 30, 2022, respectively. Credit Quality Information The Company monitors the credit quality of HTM securities through credit ratings provided by Standard & Poor’s Rating Services and Moody’s Investor Services. Credit ratings express opinions about the credit quality of a security, and are updated at each quarter end. Investment grade securities are rated BBB- or higher by S&P and Baa3 or higher by Moody’s and are generally considered by the rating agencies and market participants to be of low credit risk. Conversely, securities rated below investment grade, which are labeled as speculative grade by the rating agencies, are considered to have distinctively higher credit risk than investment grade securities. There were no speculative grade HTM securities at September 30, 2023 or December 31, 2022. HTM securities that are not rated are agency mortgage-backed securities sponsored by U.S. government agencies, as well as direct obligations of the agencies, with the remainder being sub-debt of other banks. The following table shows the amortized cost of HTM securities based on their lowest publicly available credit rating as of September 30, 2023. September 30, 2023 Investment Grade (Dollars in thousands) Aaa Aa1 A3 Baa1 Baa2 NR Total U.S. Government agencies $ 143,494 $ — $ — $ — $ — $ — $ 143,494 Mortgage-backed-residential 367,712 — — — — — 367,712 States and political subdivisions — 1,471 — — — — 1,471 Other debt securities — — 4,000 4,000 500 2,000 10,500 Total Held-to Maturity Securities $ 511,206 $ 1,471 $ 4,000 $ 4,000 $ 500 $ 2,000 $ 523,177 The following tables provide information about gross unrealized losses and fair value by length of time that the individual securities have been in a continuous unrealized loss position at September 30, 2023 and December 31, 2022. Less than 12 Months More than 12 Months Total (Dollars in thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses September 30, 2023 Available-for-sale securities: U.S. Government agencies $ 596 $ 1 $ 16,352 $ 3,994 $ 16,948 $ 3,995 Mortgage-backed-residential 433 4 53,140 9,794 53,573 9,798 Other debt securities — — 1,866 146 1,866 146 Total $ 1,029 $ 5 $ 71,358 $ 13,934 $ 72,387 $ 13,939 Less than 12 Months More than 12 Months Total (Dollars in thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses December 31, 2022 Available-for-sale securities: U.S. Government agencies $ 1,165 $ 4 $ 16,585 $ 3,621 $ 17,750 $ 3,625 Mortgage-backed-residential 29,125 2,409 34,167 6,257 63,292 8,666 Other debt securities 1,890 128 — — 1,890 128 Total $ 32,180 $ 2,541 $ 50,752 $ 9,878 $ 82,932 $ 12,419 Held-to-maturity securities: U.S. Government agencies $ 67,332 $ 2,786 $ 67,163 $ 10,815 $ 134,495 $ 13,601 Mortgage-backed-residential 148,771 9,402 199,649 41,062 348,420 50,464 States and political subdivisions 780 28 — — 780 28 Other debt securities 8,091 409 2,139 361 10,230 770 Total $ 224,974 $ 12,625 $ 268,951 $ 52,238 $ 493,925 $ 64,863 There were 116 AFS debt securities with a fair value below the amortized cost basis, totaling $13.9 million of aggregate fair value as of September 30, 2023. The Company concluded that a credit loss does not exist in its AFS securities portfolio as of September 30, 2023, and no impairment loss has been recognized based on the fact that (1) changes in fair value were caused primarily by fluctuations in interest rates, (2) securities with unrealized losses had generally high credit quality, (3) the Company intends to hold these investments in debt securities to maturity and it is more-likely-than-not the Company will not be required to sell these investments before a recovery of its investment, and (4) issuers have continued to make timely payments of principal and interest. Additionally, the Company’s mortgage-back securities are issued by either U.S. government agencies or U.S. government sponsored enterprises. Collectively, these entities provide a guarantee, which is either explicitly or implicitly supported by the full faith and credit of the U.S. government, that investors in such mortgage-backed securities will receive timely principal and interest payments. All HTM and AFS securities were current with no securities past due or on nonaccrual as of September 30, 2023. The Company has securities which have been pledged as collateral for obligations to federal, state, and local government agencies, and other purpose as required or permitted by law, or sold under agreements to repurchase. At September 30, 2023, the carrying value of pledged AFS securities was $53.3 million and $180.7 million of pledged HTM securities. The comparable amounts for December 31, 2022 were $72.1 million and $19.2 million, respectively. The following table provides information on the amortized cost and estimated fair values of investment securities by maturity date at September 30, 2023. Available for sale Held to maturity (Dollars in thousands) Amortized Cost Fair Value Amortized Cost Fair Value Due in one year or less $ 2,478 $ 2,479 $ 7,000 $ 6,873 Due after one year through five years 16,520 15,113 119,922 110,186 Due after five years through ten years 31,108 27,144 52,517 45,947 Due after ten years 42,946 34,407 343,738 282,646 Total $ 93,052 $ 79,143 $ 523,177 $ 445,652 The maturity dates for debt securities are determined using contractual maturity dates.

Loans and Allowance for Credit

Loans and Allowance for Credit Losses	9 Months Ended
	Sep. 30, 2023
Receivables [Abstract]
Loans and Allowance for Credit Losses	Loans and Allowance for Credit Losses On January 1, 2023, the Company adopted ASC 326. The measurement of expected credit losses under the CECL methodology is applicable to financial assets measured at amortized cost, including loan receivables. For further discussion on the most significant accounting policies that the Company follows see Note 2 – Adoption of Accounting Standards and Note 1 of the Company’s 2022 Annual Report on Form 10-K. All loan information presented as of September 30, 2023 is in accordance with ASC 326. All loan information presented as of December 31, 2022, or a prior date is presented in accordance with previously applicable GAAP. The Company makes residential mortgage, commercial, and consumer loans to customers primarily in Anne Arundel County, Baltimore County, Charles County, Calvert County, St Mary’s County, Howard County, Kent County, Queen Anne’s County, Caroline County, Talbot County, Dorchester County and Worcester County in Maryland, Kent and Sussex County, Delaware and in Accomack County and Spotsylvania County in Virginia. The following table provides information about the principal classes of the loan portfolio at September 30, 2023 and December 31, 2022. (Dollars in thousands) September 30, 2023 % of Total Loans December 31, 2022 % of Total Loans Construction $ 328,750 7.12 % $ 246,319 9.64 % Residential real estate 1,439,464 31.17 % 810,497 31.71 % Commercial real estate 2,283,521 49.45 % 1,065,409 41.68 % Commercial 229,474 4.97 % 147,856 5.78 % Consumer 330,411 7.16 % 286,026 11.19 % Credit Cards 6,099 0.13 % — — % Total loans 4,617,719 100.00 % 2,556,107 100.00 % Allowance for credit losses on loans (57,051) (16,643) Total loans, net $ 4,560,668 $ 2,539,464 Loans are stated at their principal amount outstanding net of any purchase premiums/discounts, deferred fees and costs. Included in loans were deferred costs, net of fees, of $2.0 million and $1.4 million at September 30, 2023 and December 31, 2022. At September 30, 2023 and December 31, 2022, included in total loans were $307.8 million and $372.2 million in loans, acquired as part of the acquisition of Severn Bancorp, Inc. (“Severn”), effective October 31, 2021. These balances were presented net of the related discount which totaled $4.9 million and $6.7 million at September 30, 2023 and December 31, 2022, respectively. At September 30, 2023 included in total loans were $1.7 billion acquired as part of the acquisition of TCFC, effective July 1, 2023. These balances were presented net of the related discount which totaled $109.8 million at September 30, 2023. The following purchased credit deteriorated loans were acquired in connection with the merger on the Acquisition Date. (Dollars in Thousands) Par Value Purchase Discount Allowance Purchase Price Construction $ 177 $ (11) $ (3) $ 163 Residential real estate 8,379 (1,157) (215) 7,007 Commercial real estate 55,779 (6,864) (985) 47,930 Commercial 2,137 (59) (278) 1,800 Consumer 519 (35) (14) 470 Credit Card 999 (144) (18) 837 Total $ 67,990 $ (8,270) $ (1,513) $ 58,207 At September 30, 2023, the Bank was servicing $361.8 million in loans for the Federal National Mortgage Association and $100.8 million in loans for Freddie Mac. The following table provides information on nonaccrual loans by loan class as of September 30, 2023. (Dollars in thousands) Non-accrual with no allowance for credit loss Non-accrual with an allowance for credit loss Total Non-accruals September 30, 2023 Nonaccrual loans: Construction $ 147 $ — $ 147 Residential real estate 3,603 299 3,902 Commercial real estate 3,866 — 3,866 Commercial 174 671 845 Consumer 203 19 222 Total $ 7,993 $ 989 $ 8,982 Interest income $ — $ — $ — (Dollars in thousands) Non-accrual Delinquent Loans Non-accrual Current Loans Total Non-accruals September 30, 2023 Nonaccrual loans: Construction $ 147 $ — $ 147 Residential real estate 2,258 1,644 3,902 Commercial real estate 749 3,117 3,866 Commercial 1 844 845 Consumer 221 1 222 Total $ 3,376 $ 5,606 $ 8,982 The overall quality of the Bank’s loan portfolio is primarily assessed using the Bank’s risk-grading scale. This review process is assisted by frequent internal reporting of loan production, loan quality, concentrations of credit, loan delinquencies and nonperforming and potential problem loans. Credit quality indicators are adjusted based on management’s judgment during the quarterly review process. Loans are graded on a scale of one to ten. Ratings 1 thru 6 – Pass - Ratings 1 thru 6 have asset risks ranging from excellent-low to adequate. The specific rating assigned considers customer history of earnings, cash flows, liquidity, leverage, capitalization, consistency of debt service coverage, the nature and extent of customer relationship and other relevant specific business factors such as the stability of the industry or market area, changes to management, litigation or unexpected events that could have an impact on risks. Rating 7 – Special Mention - These credits have potential weaknesses due to economic conditions, less than adequate earnings performance or other factors which require the lending officer to direct more than normal attention to the credit. Financing alternatives may be limited and/or command higher risk interest rates. Special mention loan relationships are reviewed at least quarterly. Rating 8 – Substandard - Substandard assets are assets that are inadequately protected by the sound worth or paying capacity of the borrower or of the collateral pledged. Substandard loans are the first adversely classified loans on the Bank's watchlist. These assets have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the possibility that the Bank will sustain some loss if the deficiencies are not corrected. Loss potential, while existing in the aggregate amount of substandard assets, does not have to exist in individual assets classified substandard. The loans may have a delinquent history or combination of weak collateral, weak guarantor or operating losses. When a loan is assigned to this category the Bank may estimate a specific reserve in the loan loss allowance analysis and/or place the loan on nonaccrual. These assets listed may include assets with histories of repossessions or some that are non-performing bankruptcies. These relationships will be reviewed at least quarterly. Rating 9 – Doubtful - Doubtful assets have many of the same characteristics of substandard with the exception that the Bank has determined that loss is not only possible but is probable. The amount of loss is not discernible due to factors such as merger, acquisition, or liquidation; a capital injection; a pledge of additional collateral; the sale of assets; or alternative refinancing plans. Credits receiving a doubtful classification are required to be on nonaccrual. These relationships will be reviewed at least quarterly. Rating 10 – Loss – Loss assets are uncollectible or of little value. The following table provides information on loan risk ratings as of September 30, 2023 and gross write-offs during the nine months ended September 30, 2023. Term Loans by Origination Year Revolving Loans Revolving Converted to Term Loans Total (Dollars in thousands) Prior 2019 2020 2021 2022 2023 September 30, 2023 Construction Pass $ 27,243 $ 14,732 $ 29,531 $ 40,493 $ 135,418 $ 72,852 $ 8,331 $ — $ 328,600 Substandard 138 — — 12 — — — — 150 Total $ 27,381 $ 14,732 $ 29,531 $ 40,505 $ 135,418 $ 72,852 $ 8,331 $ — $ 328,750 Gross Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Residential real estate Pass $ 330,183 $ 55,088 $ 107,259 $ 248,445 $ 355,912 $ 218,563 $ 116,868 $ 876 $ 1,433,194 Special Mention 41 259 — — — — 192 — 492 Substandard 5,320 — — — — — 458 — 5,778 Total $ 335,544 $ 55,347 $ 107,259 $ 248,445 $ 355,912 $ 218,563 $ 117,518 $ 876 $ 1,439,464 Gross Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial real estate Pass $ 683,984 $ 192,789 $ 302,597 $ 430,908 $ 430,214 $ 195,260 $ 16,420 $ 2,202 $ 2,254,374 Special Mention 13,931 141 — 6,184 4,475 — — 426 25,157 Substandard 1,498 1,937 — 555 — — — — 3,990 Total $ 699,413 $ 194,867 $ 302,597 $ 437,647 $ 434,689 $ 195,260 $ 16,420 $ 2,628 $ 2,283,521 Gross Charge-offs $ (513) $ — $ (814) $ — $ — $ — $ — $ — $ (1,327) Commercial Pass $ 25,796 $ 14,254 $ 15,332 $ 43,209 $ 40,337 $ 24,582 $ 62,679 $ 1,641 $ 227,830 Special Mention 137 — — 440 — — 75 243 895 Substandard 1 186 — — 23 — 493 46 749 Total $ 25,934 $ 14,440 $ 15,332 $ 43,649 $ 40,360 $ 24,582 $ 63,247 $ 1,930 $ 229,474 Gross Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Consumer Pass $ 682 $ 1,258 $ 15,574 $ 83,768 $ 150,126 $ 78,067 $ 713 $ — $ 330,188 Special Mention — — — — — — 1 — 1 Substandard — 26 — 117 78 — 1 — 222 Total $ 682 $ 1,284 $ 15,574 $ 83,885 $ 150,204 $ 78,067 $ 715 $ — $ 330,411 Gross Charge-offs $ (45) $ — $ (16) $ (3) $ (1) $ (328) $ (1) $ (5) $ (399) Total Pass $ 1,067,888 $ 278,121 $ 470,293 $ 846,823 $ 1,112,007 $ 589,324 $ 205,011 $ 4,719 $ 4,574,186 Special Mention 14,109 400 — 6,624 4,475 — 268 669 26,545 Substandard 6,957 2,149 — 684 101 — 952 46 10,889 Total loans by risk category $ 1,088,954 $ 280,670 $ 470,293 $ 854,131 $ 1,116,583 $ 589,324 $ 206,231 $ 5,434 $ 4,611,620 Total gross charge-offs $ (558) $ — $ (830) $ (3) $ (1) $ (328) $ (1) $ (5) $ (1,726) Term Loans by Origination Year Revolving Loans Revolving Converted to Term Loans Total (Dollars in thousands) Prior 2019 2020 2021 2022 2023 September 30, 2023 Credit Cards Performing $ — $ — $ — $ — $ — $ — $ 6,099 $ — $ 6,099 Non-Performing — — — — — — — — — Total $ — $ — $ — $ — $ — $ — $ 6,099 $ — $ 6,099 Gross Charge-offs $ — $ — $ — $ — $ — $ — $ (60) $ — $ (60) Total loans evaluated by performing status $ — $ — $ — $ — $ — $ — $ 6,099 $ — $ 6,099 Total gross charge-offs $ — $ — $ — $ — $ — $ — $ (60) $ — $ (60) Total Recorded Investment $ 1,088,954 $ 280,670 $ 470,293 $ 854,131 $ 1,116,583 $ 589,324 $ 212,330 $ 5,434 $ 4,617,719 The following tables provide information on the aging of the loan portfolio as of September 30, 2023 and December 31, 2022. (Dollars in thousands) 30‑59 days past due 60‑89 days past due 90 days past due and still accruing 90 days past due and not accruing Total Current Non-accrual Current Accrual Loans (1) Total September 30, 2023 Construction $ 1,035 $ — $ 65 $ 147 $ 1,247 $ — $ 327,503 $ 328,750 Residential real estate 3,036 250 871 1,669 5,826 1,644 1,431,994 1,439,464 Commercial real estate 785 445 — 749 1,979 3,117 2,278,425 2,283,521 Commercial 103 — — — 103 844 228,527 229,474 Consumer 593 2,744 1,160 214 4,711 1 325,699 330,411 Credit Cards 61 41 53 — 155 — 5,944 6,099 Total $ 5,613 $ 3,480 $ 2,149 $ 2,779 $ 14,021 $ 5,606 $ 4,598,092 $ 4,617,719 Percent of total loans 0.1 % 0.1 % — % — % 0.3 % 0.1 % 99.6 % 100.0 % (1) Includes loans measured at fair value of $9.3 million at September 30, 2023. Accruing (Dollars in thousands) Current (1) 30‑59 days past due 60‑89 days past due 90 days or more past due Total Non-accrual PCI Total December 31, 2022 Construction $ 239,990 $ 4,343 $ 1,015 $ 24 $ 5,382 $ 297 $ 650 $ 246,319 Residential real estate 787,070 6,214 891 1,107 8,212 1,259 13,956 810,497 Commercial real estate 1,052,314 369 — 710 1,079 150 11,866 1,065,409 Commercial 147,511 15 — — 15 174 156 147,856 Consumer 285,750 223 11 — 234 28 14 286,026 Total $ 2,512,635 $ 11,164 $ 1,917 $ 1,841 $ 14,922 $ 1,908 $ 26,642 $ 2,556,107 Percent of total loans 98.3 % 0.4 % 0.1 % 0.1 % 0.6 % 0.1 % 1.0 % 100.0 % (1) Includes loans measured at fair value of $8.4 million at December 31, 2022. The following tables provide a summary of the activity in the ACL allocated by loan class for the three and nine months ended September 30, 2023 and September 30, 2022. Allocation of a portion of the allowance to one loan class does not preclude its availability to absorb losses in other loan classes. (Dollars in thousands) Beginning Balance Merger Adjustments (2) Charge-offs Recoveries Net (charge-offs) recoveries Provisions Ending Balance For three months ended September 30, 2023 Construction $ 2,386 $ 3 $ — $ 3 $ 3 $ 1,439 $ 3,831 Residential real estate 9,151 215 — 3 3 9,806 19,175 Commercial real estate 10,267 985 (1,327) — (1,327) 12,875 22,800 Commercial 1,956 278 — 2 2 2,101 4,337 Consumer (1) 5,254 14 (115) 45 (70) 1,658 6,856 Credit Card — 18 (60) — (60) 94 52 Total $ 29,014 $ 1,513 $ (1,502) $ 53 $ (1,449) $ 27,973 $ 57,051 (1) Gross charge-offs of consumer loans for the three months ended September 30, 2023 included $95,000 of demand deposit overdrafts. (2) Merger adjustments consist of gross-up for acquired PCD loans in the TCFC merger. (Dollars in thousands) Beginning Balance Charge-offs Recoveries Net (charge-offs) recoveries Provisions Ending Balance For three months ended September 30, 2022 Construction $ 3,345 $ — $ 2 $ 2 $ (315) $ 3,032 Residential real estate 2,778 — 12 12 218 3,008 Commercial real estate 4,441 — 243 243 325 5,009 Commercial 1,681 (202) 60 (142) 368 1,907 Consumer 3,238 — 4 4 79 3,321 Total $ 15,483 $ (202) $ 321 $ 119 $ 675 $ 16,277 (Dollars in thousands) Beginning Balance Impact of ASC326 Adoption Merger Adjustments (2) Charge-offs Recoveries Net (charge-offs) recoveries Provisions Ending Balance For nine months ended September 30, 2023 Construction $ 2,973 $ 1,222 $ 3 $ — $ 10 $ 10 $ (377) $ 3,831 Residential real estate 2,622 4,974 215 — 37 37 11,327 19,175 Commercial real estate 4,899 3,742 985 (1,327) — (1,327) 14,501 22,800 Commercial 1,652 401 278 — 10 10 1,996 4,337 Consumer (1) 4,497 452 14 (399) 210 (189) 2,082 6,856 Credit Card — — 18 (60) — (60) 94 52 Total $ 16,643 $ 10,791 $ 1,513 $ (1,786) $ 267 $ (1,519) $ 29,623 $ 57,051 (1) Gross charge-offs of consumer loans for the nine months ended September 30, 2023 included $0.4 million of demand deposit overdrafts. (2) Merger adjustments consist of gross-up for acquired PCD loans in the TCFC merger. (Dollars in thousands) Beginning Balance Charge-offs Recoveries Net (charge-offs) recoveries Provisions Ending Balance For nine months ended September 30, 2022 Construction $ 2,454 $ — $ 9 $ 9 $ 569 $ 3,032 Residential real estate 2,858 (4) 131 127 23 3,008 Commercial real estate 4,598 (6) 948 942 (531) 5,009 Commercial 2,070 (416) 200 (216) 53 1,907 Consumer 1,964 (31) 27 (4) 1,361 3,321 Total $ 13,944 $ (457) $ 1,315 $ 858 $ 1,475 $ 16,277 There were no modifications to loans for borrowers experiencing financial difficulty (“BEFD”) during the three and nine months ended September 30, 2023. The following table presents the amortized cost basis of collateral-dependent loans by loan portfolio segment. September 30, 2023 (Dollars in thousands) Real Estate Collateral Other Collateral Total Construction $ 250 $ — $ 250 Residential real estate 7,620 — 7,620 Commercial real estate 5,411 — 5,411 Commercial — 1,100 1,100 Consumer — 1,381 1,381 Total $ 13,281 $ 2,481 $ 15,762 The Company did not identify any significant changes in the extent to which collateral secures its collateral dependent loans, whether in the form of general deterioration or from other factors during the period ended September 30, 2023 Foreclosure Proceedings There were $0.7 million of consumer mortgage loans collateralized by residential real estate property that were in the process of foreclosure as of September 30, 2023 and $0.3 million as of December 31, 2022, respectively. There were no residential real estate properties included in the balance of other real estate owned (“OREO”) at September 30, 2023 and one residential real estate property totaling $18,000 at December 31, 2022. Prior to the adoption of ASC 326 The following table provides information about all loans acquired from Severn as of December 31, 2022. December 31, 2022 (Dollars in thousands) Acquired Loans - Purchased Credit Impaired Acquired Loans - Purchased Performing Acquired Loans - Total Outstanding principal balance $ 29,620 $ 349,262 $ 378,882 Carrying amount Construction $ 650 $ 18,761 $ 19,411 Residential real estate 13,956 116,118 130,074 Commercial real estate 11,866 174,278 186,144 Commercial 156 35,687 35,843 Consumer 14 697 711 Total loans $ 26,642 $ 345,541 $ 372,183 The following table presents a summary of the change in the accretable yield on PCI loans acquired from Severn. (Dollars in thousands) Nine Months Ended September 30, 2022 Accretable yield, beginning of period $ 5,367 Accretion (1,195) Reclassification of nonaccretable difference due to improvement in expected cash flows 399 Other changes, net 287 Accretable yield, end of period $ 4,858 The following tables include impairment information relating to loans and the ACL on loans as of December 31, 2022. (Dollars in thousands) Ending balance: Ending balance: Acquired Loans- PCI Total (1) December 31, 2022 Loan Receivables: Construction $ 331 $ 236,901 $ 650 $ 237,882 Residential real estate 5,081 791,460 13,956 810,497 Commercial real estate 2,540 1,051,003 11,866 1,065,409 Commercial 174 147,526 156 147,856 Consumer 28 285,984 14 286,026 Total $ 8,154 $ 2,512,874 $ 26,642 $ 2,547,670 Allowance for credit losses on loans: Allocated to loans individually evaluated for impairment Allocated to loans collectively evaluated for impairment Total Construction $ — $ 2,973 $ 2,973 Residential real estate 127 2,495 2,622 Commercial real estate — 4,899 4,899 Commercial — 1,652 1,652 Consumer — 4,497 4,497 Total $ 127 $ 16,516 $ 16,643 (1) Excludes loans measured at fair value of $8.4 million at December 31, 2022. The following tables provide information on impaired loans and any related allowance by loan class as of December 31, 2022. The difference between the unpaid principal balance and the recorded investment is the amount of partial charge-offs that have been taken and interest paid on nonaccrual loans that has been applied to principal. Unpaid principal balance Recorded investment with no allowance Recorded investment with an allowance Related allowance September 30, 2022 (Dollars in thousands) Quarter-to-date average recorded investment Year-to-date average recorded investment Interest income recognized December 31, 2022 Impaired nonaccrual loans: Construction $ 297 $ 297 $ — $ — $ 297 $ 314 $ — Residential real estate 1,363 1,259 — — 1,639 1,534 — Commercial real estate 159 150 — — 466 704 — Commercial 359 174 — — 197 242 — Consumer 29 28 — — 40 48 — Total $ 2,207 $ 1,908 $ — $ — $ 2,639 $ 2,842 $ — Impaired accruing TDRs: Construction $ 10 $ 10 $ — $ — $ 14 $ 18 $ 1 Residential real estate 2,849 1,176 1,539 127 2,750 3,064 83 Commercial real estate 1,680 1,680 — — 1,830 2,231 48 Commercial — — — — — — — Consumer — — — — — 6 — Total $ 4,539 $ 2,866 $ 1,539 $ 127 $ 4,594 $ 5,319 $ 132 Other impaired accruing loans: Construction $ 24 $ 24 $ — $ — $ 304 $ 190 $ 6 Residential real estate 1,107 1,107 — — 745 259 3 Commercial real estate 710 710 — — 537 493 7 Commercial — — — — 13 7 1 Consumer — — — — — 13 — Total $ 1,841 $ 1,841 $ — $ — $ 1,599 $ 962 $ 17 Total impaired loans: Construction $ 331 $ 331 $ — $ — $ 615 $ 522 $ 7 Residential real estate 5,319 3,542 1,539 127 5,134 4,857 86 Commercial real estate 2,549 2,540 — — 2,833 3,428 55 Commercial 359 174 — — 210 249 1 Consumer 29 28 — — 40 67 — Total $ 8,587 $ 6,615 $ 1,539 $ 127 $ 8,832 $ 9,123 $ 149 There were no loans modified and considered to be TDRs during the three and nine months ended September 30, 2022. All accruing TDRs were in compliance with their modified terms. Both performing and non-performing TDRs had no further commitments associated with them as of December 31, 2022. There were no TDRs which subsequently defaulted within 12 months of modification for the three and nine months ended September 30, 2022. Generally, a loan is considered in default when principal or interest is past due 90 days or more, the loan is placed on nonaccrual, the loan is charged off, or there is a transfer to other real estate owned (OREO) or repossessed assets. The following tables provide information on loan risk ratings as of December 31, 2022. (Dollars in thousands) Pass/Performing (1) Pass Special Mention Substandard Doubtful PCI Total December 31, 2022 Construction $ 231,160 $ 14,212 $ — $ 297 $ — $ 650 $ 246,319 Residential real estate 761,405 32,467 1,239 1,430 — 13,956 810,497 Commercial real estate 929,501 121,711 1,814 517 — 11,866 1,065,409 Commercial 131,084 15,958 484 174 — 156 147,856 Consumer 285,786 196 2 28 — 14 286,026 Total $ 2,338,936 $ 184,544 $ 3,539 $ 2,446 $ — $ 26,642 $ 2,556,107 (1) Includes loans measured at fair value of $8.4 million at December 31, 2022.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	9 Months Ended
	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangibles	Goodwill and Other Intangibles The following table provides information on the significant components of goodwill and other acquired intangible assets at September 30, 2023 and December 31, 2022. September 30, 2023 (Dollars in thousands) Gross Carrying Amount Additions Accumulated Impairment Charges Accumulated Amortization Net Carrying Amount Weighted Average Remaining Life (in years) Goodwill $ 65,476 $ — $ (1,543) $ (667) $ 63,266 n/a Core deposit intangible $ 10,503 $ 48,648 $ — $ (8,466) $ 50,685 4.9 Total core deposit intangible $ 10,503 $ 48,648 $ — $ (8,466) $ 50,685 December 31, 2022 (Dollars in thousands) Gross Carrying Amount Measurement Period Adjustments Accumulated Impairment Charges Accumulated Amortization Net Carrying Amount Weighted Average Remaining Life Goodwill $ 65,631 $ (155) $ (1,543) $ (667) $ 63,266 n/a Core deposit intangible $ 10,504 $ — $ — $ (4,957) $ 5,547 2.6 Total core deposit intangible $ 10,504 $ — $ — $ (4,957) $ 5,547 The aggregate amortization expense was $3.5 million for the nine months ended September 30, 2023 and $1.5 million for the nine months ended September 30, 2022. At September 30, 2023, estimated future remaining amortization for amortizing core deposit intangible within the years ending December 31, is as follows: (Dollars in thousands) Amortization Expense 2023 $ 2,595 2024 9,779 2025 8,589 2026 7,399 2027 6,208 Thereafter 16,115 Total amortizing core deposit intangible $ 50,685

Leases

Leases	9 Months Ended
	Sep. 30, 2023
Leases [Abstract]
Leases	Leases Lease liabilities represent the Company’s obligation to make lease payments and are presented at each reporting date as the net present value of the remaining contractual cash flows. Cash flows are discounted at the Company’s incremental borrowing rate in effect at the commencement date of the lease. Right-of-use assets represent the Company’s right to use the underlying asset for the lease term and are calculated as the sum of the lease liability and if applicable, prepaid rent, initial direct costs and any incentives received from the lessor. The Company’s long-term lease agreements are classified as operating leases. Certain leases offer the option to extend the lease term and the Company has included such extensions in its calculation of the lease liabilities to the extent the options are reasonably certain of being exercised. The lease agreements do not provide for residual value guarantees and have no restrictions or covenants that would impact dividends or require incurring additional financial obligations. During the third quarter of 2023, the Company acquired long-term branch leases and equipment leases due to the acquisition of TCFC. These leases were reassessed by management as of the Acquisition Date, which included updating the incremental borrowing rates and remaining lease terms. The following tables present information about the Company’s leases. (Dollars in thousands) September 30, 2023 December 31, 2022 Lease liabilities $ 13,082 $ 9,908 Right-of-use assets $ 12,741 $ 9,629 Weighted average remaining lease term 11.07 years 12.55 years Weighted average discount rate 3.18 % 2.50 % Remaining lease term - min 0.64 years 0.16 years Remaining lease term - max 17.93 years 18.68 years Three Months Ended September 30, Nine Months Ended September 30, Lease cost (in thousands) 2023 2022 2023 2022 Operating lease cost $ 485 $ 340 $ 1,153 $ 1,007 Total lease cost $ 485 $ 340 $ 1,153 $ 1,007 Cash paid for amounts included in the measurement of lease liabilities $ 459 $ 318 $ 1,090 $ 939 A maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total of operating lease liabilities is as follows: Lease payments due (in thousands) As of September 30, 2023 Three months ending December 31, 2023 $ 460 2024 1,768 2025 1,544 2026 1,554 2027 1,454 Thereafter 8,669 Total undiscounted cash flows $ 15,449 Discount 2,367 Lease liabilities $ 13,082 Total gross rental income was $0.3 million and $0.2 million for the three months ended September 30, 2023 and 2022, respectively. Total gross rental income was $0.9 million and $0.7 million for the nine months ended September 30, 2023, and 2022, respectively. The following table presents our minimum future annual rental income on such leases as of September 30, 2023. (In thousands) As of September 30, 2023 Three months ending December 31, 2023 $ 206 2024 701 2025 719 2026 737 2027 418 Thereafter 1,554 Total $ 4,335

Deposits

Deposits	9 Months Ended
	Sep. 30, 2023
Deposits [Abstract]
Deposits	Deposits Deposits consist of the following categories as of the dates indicated: (dollars in thousands) September 30, 2023 December 31, 2022 Balance % Balance % Noninterest-bearing demand $ 1,211,401 23.70 % $ 862,015 28.60 % Interest-bearing: Demand 1,210,051 23.70 % 694,101 23.10 % Money market deposits 1,179,049 23.10 % 709,132 23.60 % Savings 371,755 7.30 % 320,188 10.60 % Certificates of deposit 1,136,488 22.20 % 424,348 14.10 % Total interest-bearing 3,897,343 76.30 % 2,147,769 71.40 % Total Deposits $ 5,108,744 100.00 % $ 3,009,784 100.00 % At September 30, 2023, the scheduled contractual maturities of certificates of deposit are as follows: (dollars in thousands) September 30, 2023 Within one year $ 894,384 Year 2 162,135 Year 3 48,171 Year 4 15,530 Year 5 15,816 Thereafter 452 $ 1,136,488

Borrowings

Borrowings	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Borrowings	Borrowings Long-term debt consisted of the following: September 30, (dollars in thousands) 2023 2022 Issue Date Stated Maturity Date Earliest Call Date Interest Rate September 2030 Subordinated Debentures $ 25,000 $ 25,000 2020 2030 2025 5.375% through September 2025, 3-month SOFR + 5.265% thereafter October 2030 Subordinated Debentures 19,500 — 2020 2030 2025 4.75% through October 2025, 3-month SOFR + 4.58% thereafter Total subordinated debentures 44,500 25,000 Severn Capital Trust I 20,619 20,619 2004 2035 3-month SOFR + 2.00% Tri-County Capital Trust I 7,000 — 2004 2034 90-day SOFR + 2.60% Tri-County Capital Trust II 5,000 — 2005 2035 90-day SOFR + 1.70% Total trust preferred securities 32,619 20,619 Less net discount and unamortized issuance costs (5,084) (2,547) Total long-term debt $ 72,035 $ 43,072 At September 30, 2023, subordinated notes consisted of $25.0 million of long-term debt issued by the Company in August 2020, and $19.5 million of long-term debt assumed as a result of the merger with TCFC. The recorded balance of subordinated debt issued in 2020 and the assumed subordinated debt from TCFC, net of unamortized issuance costs and fair value discounts, respectively, were $24.8 million and $18.2 million, respectively. The Company also assumed trust preferred securities in the aggregate of $32.6 million as a result of the merger with TCFC in 2023 and the acquisition of Severn in 2021. Trust preferred securities consisted of $20.6 million issued to Severn Capital Trust I, $7.0 million issued by Tri-County Capital Trust I and $5.0 million issued by Tri-County Capital Trust II. The recorded balance of the debt acquired from Severn at September 30, 2023 was $18.5 million, net of the unamortized fair value adjustment of $2.1 million. At September 30, 2023, the junior subordinated debt securities of Tri-County Capital Trust I and Tri-County Capital Trust II had a recorded balance of $6.4 million and $4.2 million, which are presented as net of the unamortized fair value adjustment of $0.6 million and $0.8 million, respectively.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation At the 2016 annual meeting, stockholders approved the Shore Bancshares, Inc. 2016 Stock and Incentive Plan (“2016 Equity Plan”), replacing the Shore Bancshares, Inc. 2006 Stock and Incentive Plan (“2006 Equity Plan”), which expired on that date. The Company may issue shares of common stock or grant other equity-based awards pursuant to the 2016 Equity Plan. Stock-based awards granted to date generally are time-based, vest in equal installments on each anniversary of the grant date and range over a one The Company assumed 3,977 shares of restricted stock and 90,783 of restricted stock units at a fair market value of $11.56 per share as a result of the merger with TCFC. The recipients of the restricted stock unites do not have any stockholder rights, including voting, dividend, or liquidation rights, with respect to the shares underlying awarded restricted stock units until the recipient becomes the record holder of those shares. The following table summarizes restricted stock award and restricted stock unit activity for the Company under the 2016 Equity Plan for the nine months ended September 30, 2023. Restricted Stock Restricted Stock Units Number of Shares Weighted Average Grant Date Fair Value Number of Shares Weighted Average Grant Date Fair Value Nonvested at beginning of period 36,860 $ 20.15 — $ — Replacement awards issued in acquisition of TCFC 3,977 11.56 90,783 11.56 Granted 53,655 14.73 91,047 11.56 Vested (40,525) 17.65 (11,459) 11.56 Forfeited (1,671) 17.49 (1,202) 11.56 Nonvested at end of period 52,296 $ 15.95 169,169 $ 11.56 The fair value of restricted stock awards that vested during the first nine months of 2023 and 2022 was $0.6 million and $0.5 million, respectively. The fair value of restricted stock units vested during the first nine months of 2023 was $0.1 million.

Derivatives

Derivatives	9 Months Ended
	Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	Derivatives The Company maintains and accounts for derivatives, in the form of interest rate lock commitments (“IRLCs”) and mandatory forward contracts, in accordance with the FASB guidance on accounting for derivative instruments and hedging activities. We recognize gains and losses through mortgage-banking revenue in the Consolidated Statements of Income. IRLCs on mortgage loans that we intend to sell in the secondary market are considered derivatives. We are exposed to price risk from the time a mortgage loan is locked in until the time the loan is sold. The period of time between issuance of a loan commitment and closing and sale of the loan generally ranges from 14 days to 120 days, however, this period may be longer for construction to permanent loans that are originated with the intent of selling in the secondary market upon permanent financing. For these IRLCs and our closed inventory in loans held for sale (“LHFS”), we attempt to protect the Bank from changes in interest rates through the use of to be announced (“TBA”) securities, which are forward contracts, as well as, to a significantly lesser degree, loan level commitments in the form of best efforts and mandatory forward contracts. These assets and liabilities are included in the Consolidated Balance Sheets in other assets and accrued expenses and other liabilities, respectively. The following table provides information pertaining to the carrying amounts of our derivative financial instruments at September 30, 2023 and December 31, 2022. September 30, 2023 December 31, 2022 (Dollars in thousands) Notional Amount Estimated Fair Value Notional Amount Estimated Fair Value Asset - IRLCs $ 10,969 $ 89 $ 4,166 $ 35 Asset - TBA securities 22,900 359 8,750 41 Liability - IRLCs 8,354 50 1,150 7 Liability - TBA securities 500 — 1,000 6

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	9 Months Ended
	Sep. 30, 2023
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) The Company records unrealized holding gains (losses), net of tax, on investment securities AFS as accumulated other comprehensive income (loss), a separate component of stockholders’ equity. The following table provides information on the changes in the component of accumulated other comprehensive income (loss) for the three and nine months ended September 30, 2023 and 2022. Three Months Ended September 30, 2023 Three Months Ended September 30, 2022 Nine Months Ended September 30, 2023 Nine Months Ended September 30, 2022 (Dollars in thousands) Net Unrealized Gains And (Losses) Net Unrealized Gains And (Losses) Net Unrealized Gains And (Losses) Net Unrealized Gains And (Losses) Beginning of period $ (8,561) $ (6,651) $ (9,021) $ 56 Other comprehensive losses, net of tax before reclassifications (1,548) (3,130) (1,088) (9,837) End of period $ (10,109) $ (9,781) $ (10,109) $ (9,781)

Regulatory Capital

Regulatory Capital	9 Months Ended
	Sep. 30, 2023
Regulatory Capital Requirements under Banking Regulations [Abstract]
Regulatory Capital	Regulatory Capital Banks and bank holding companies 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 financial statements. 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 Banks’ assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The Banks’ 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 Company and Bank to maintain amounts and ratios (set forth in the table below) of Common Equity Tier 1, Tier 1 and total capital (as defined in the regulations) to risk-weighted assets (as defined), and of Tier 1 capital (as defined) to average assets (leverage ratio). As of September 30, 2023 and December 31, 2022, management believes that the Company and the Bank met all capital adequacy requirements to which they were subject. As of December 31, 2022, the most recent notification from our primary regulator categorized the Bank, as well capitalized under the regulatory framework for prompt corrective action. At September 30, 2023, there were no conditions or events since that notification that management believes would change the Bank’s classification. To be categorized as well capitalized, the Bank must maintain minimum common equity Tier 1, Tier 1 risk-based and total risk-based capital ratios, and Tier 1 leverage ratios, which are described below. The minimum ratios for capital adequacy purposes are 7.00%, 8.50%, 10.50% and 4.00% for the common equity Tier 1, Tier 1 risk-based capital, total risk-based capital and leverage ratios, respectively which include a capital conservation buffer of 2.50% respectively. To be categorized as well capitalized, a bank must maintain minimum ratios of 6.50%, 8.00%, 10.00% and 5.00% for its common equity Tier 1, Tier 1 risk-based capital, total risk-based capital and leverage ratios, respectively. Regulatory Capital and Ratios Regulatory Minimum Ratio + CCB ( 1) The Company The Bank (dollars in thousands) September 30, 2023 December 31, 2022 September 30, 2023 December 31, 2022 Common equity $ 504,931 $ 364,285 $ 566,129 $ 395,594 Goodwill (63,266) (63,266) (63,266) (63,266) Core deposit intangible (3) (37,507) (5,547) (37,507) (5,547) DTAs that arise from net operating loss and tax credit carry forwards (9,158) — (6,765) — AOCI (gains) losses 10,109 9,021 10,109 9,021 Common Equity Tier 1 Capital 405,109 304,493 468,700 335,802 TRUPs 29,079 18,398 — — Tier 1 Capital 434,188 322,891 468,700 335,802 Allowable reserve for credit losses and other Tier 2 adjustments 58,190 16,855 58,190 16,855 Subordinated notes 42,956 24,674 — — Tier 2 Capital $ 535,334 $ 364,420 $ 526,890 $ 352,657 Risk-Weighted Assets ("RWA") $ 4,707,597 $ 2,619,400 $ 4,703,362 $ 2,618,939 Average Assets ("AA") $ 5,674,370 $ 3,390,516 $ 5,661,864 $ 3,386,771 Common Tier 1 Capital to RWA 7.00% 8.61 % 11.62 % 9.97 % 12.82 % Tier 1 Capital to RWA 8.50% 9.22 % 12.33 % 9.97 % 12.82 % Tier 2 Capital to RWA 10.50% 11.37 % 13.91 % 11.20 % 13.47 % Tier 1 Capital to AA (Leverage) (2) n/a 7.65 % 9.52 % 8.28 % 9.92 % ____________________________________ (1) The regulatory minimum capital ratio ("Min. Ratio") + the capital conservation buffer ("CCB"). (2) Tier 1 Capital to AA (Leverage) has no capital conservation buffer defined. The PCA well capitalized is defined as 5.00%. (3) Core deposit intangible at September 30, 2023 is net of deferred tax liability. Bank and holding company regulations impose certain restrictions on dividend payments by the Bank, as well as restricting extensions of credit and transfers of assets between the Bank and the Company. At September 30, 2023, the Bank could pay dividends to the Company to the extent of its earnings so long as it maintained required capital ratios.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Accounting guidance under GAAP defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an 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. This accounting guidance also 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. The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities on a recurring basis and to determine fair value disclosures. Additionally, from time to time, the Company may be required to record at fair value other assets on a nonrecurring basis. These nonrecurring fair value adjustments typically involve application of lower of cost or market accounting or write-downs of individual assets. Under fair value accounting guidance, assets and liabilities are grouped 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 their fair values. These hierarchy levels are: Level 1 inputs – Unadjusted quoted prices in active markets for identical assets or liabilities that the entity has the ability to access at the measurement date. Level 2 inputs – 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 assets or liabilities in active markets, and inputs other than quoted prices that are observable for the asset or liability, such as interest rates and yield curves that are observable at commonly quoted intervals. Level 3 inputs – Unobservable inputs for determining the fair values of assets or liabilities that reflect an entity’s own assumptions about the assumptions that market participants would use in pricing the assets or liabilities. Below is a discussion on the Company’s assets measured at fair value on a recurring basis. Investment Securities Available for Sale Fair value measurement for investment securities AFS is based on quoted prices from an independent pricing service. The fair value measurements consider observable data that may include present value of future cash flows, prepayment assumptions, credit loss assumptions and other factors. The Company classifies its investments in U.S. Treasury securities, if any, as Level 1 in the fair value hierarchy, and it classifies its investments in U.S. Government agencies securities and mortgage-backed securities issued or guaranteed by U.S. Government sponsored entities as Level 2. Equity Securities Fair value measurement for equity securities is based on quoted market prices retrieved by the Company via on-line resources. Although these securities have readily available fair market values, the Company determined that they should be classified as level 2 investments in the fair value hierarchy due to not being considered traded in a highly active market. LHFS LHFS are carried at fair value, which is determined based on Mark to Trade for allocated/committed loans or Mark to Market analysis for unallocated/uncommitted loans based on third-party pricing models (Level 2). Mortgage Servicing Rights The fair value of mortgage servicing rights (“MSRs”) is determined using a valuation model administered by a third party that calculates the present value of estimated future net servicing income (Level 3). The model incorporates assumptions that market participants use in estimating future net servicing income, including estimates of prepayment speeds, discount rate, default rates, cost to service (including delinquency and foreclosure costs), escrow account earnings, contractual servicing fee income, and other ancillary income such as late fees. Management reviews all significant assumptions on a quarterly basis. Mortgage loan prepayment speed, a key assumption in the model, is the annual rate at which borrowers are forecasted to repay their mortgage loan principal. The discount rate used to determine the present value of estimated future net servicing income, another key assumption in the model, is an estimate of the required rate of return investors in the market would require for an asset with similar risk. Both assumptions can, and generally will, change as market conditions and interest rates change. The significant unobservable inputs used in the fair value measurement of the reporting entity’s residential MSRs are prepayment speeds, probability of default, rate of return, and cost of servicing. Significant increases/decreases in any of those inputs in isolation would have resulted in a significantly lower/higher fair value measurement. Generally, a change in the assumption used for prepayment speeds would have been accompanied by a directionally similar change in the markets, i.e. the 10-Year Treasury, and in the probability of default. IRLCs We utilize a third-party specialist model to estimate the fair value of our IRLCs, which are valued based upon mortgage securities (TBA) prices less estimated costs to process and settle the loan. Fair value is adjusted for the estimated probability of the loan closing with the borrower (Level 3). (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range September 30, 2023 MSRs (1) $ 5,890 Market Approach Weighted average prepayment speed (PSA) (2) 108 IRLCs - net asset $ 39 Market Approach Range of pull through rate 84% - 100% Average pull through rate 98% (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range December 31, 2022 MSRs (1) $ 5,275 Market Approach Weighted average prepayment speed (PSA) (2) 121 IRLCs - net asset $ 28 Market Approach Range of pull through rate 78% - 100% Average pull through rate 92% ____________________________________ (1) The weighted average was calculated with reference to the principal balance of the underlying mortgages. (2) PSA = Public Securities Association Standard Prepayment Model The following table presents activity in MSRs for the three and nine months ended September 30, 2023. (Dollars in thousands) Three Months Ended September 30, 2023 Nine Months Ended September 30, 2023 Beginning balance $ 5,466 $ 5,275 Servicing rights resulting from sales of loans 390 620 Valuation adjustment 34 (5) Ending balance $ 5,890 $ 5,890 The following table presents activity in the IRLCs for the three and nine months ended September 30, 2023. (Dollars in thousands) Three Months Ended September 30, 2023 Nine Months Ended September 30, 2023 Beginning balance $ 32 $ 28 Valuation adjustment 7 11 Ending balance $ 39 $ 39 Forward Contracts To avoid interest rate risk, we hedge the open locked/closed position with TBA forward trades. On a regular basis, we allocate disbursed loans to mandatory commitments with government-sponsored enterprises (“GSE”) and private investors delivering the loans within 120 days of origination to maximize interest earnings. For a small percentage of our business, we enter into best efforts forward sales commitments with investors at the time we make an IRLC to a borrower. Once a loan has been closed and funded, the best efforts commitments convert to mandatory forward sales commitments. The mandatory commitments are derivatives, and we measure and report them at fair value. Fair value is based on the gain or loss that would occur if we were to pair-off the transaction with the investor at the measurement date. This is a level 2 input. We have elected to measure and report best efforts commitments at fair value, when outstanding, using a valuation methodology similar to that used for mandatory commitments. Market assumptions utilized in the fair value measurement of the reporting entity’s residential mortgage derivatives, inclusive of IRLCs, Closed Loan Inventory, TBA derivative trades, and Mandatory Forwards may be subject to investor overlays that may result in a significantly lower fair value measurement. Generally such overlays are announced with advanced notice in order to include the risk adjuster, however there are times when announcements are mandated resulting in a lower fair value measurement. Additionally market assumptions such as spec pool payups may result in a significantly higher fair value measurement at time of loan allocation to specific trades. The following tables present the recorded amount of assets measured at fair value on a recurring basis at September 30, 2023 and December 31, 2022. No assets were transferred from one hierarchy level to another during the first nine months of 2023 or 2022. (Dollars in thousands) Fair Value Quoted Prices Significant Other Observable Inputs Significant Unobservable Inputs September 30, 2023 Assets: Securities available for sale: U.S. Government agencies $ 19,631 $ — $ 19,631 $ — Mortgage-backed 53,573 — 53,573 — Other debt securities 5,939 — 5,939 — 79,143 — 79,143 — Equity securities 5,434 — 5,434 — TBA forward trades 359 — 359 — Loans Held for Sale 14,725 — 14,725 — Loans Held for Investment, at fair value 9,302 — 9,302 — MSRs 5,890 — — 5,890 IRLCs 89 — — 89 Total assets at fair value $ 114,942 $ — $ 108,963 $ 5,979 Liabilities: IRLCs $ 50 $ — $ — $ 50 TBA securities — — — — Total liabilities at fair value $ 50 $ — $ — $ 50 (Dollars in thousands) Fair Value Quoted Prices Significant Other Observable Inputs Significant Unobservable Inputs December 31, 2022 Assets: Securities available for sale: U.S. Government agencies $ 18,178 $ — $ 18,178 $ — Mortgage-backed 63,519 — 63,519 — Other debt securities 1,890 — 1,890 — 83,587 — 83,587 — Equity securities 1,233 — 1,233 — TBA forward trades 41 — 41 — Loans Held for Sale 4,248 — 4,248 — Loans Held for Investment, at fair value 8,437 — 8,437 — MSRs 5,275 — — 5,275 IRLCs 35 — — 35 Total assets at fair value $ 102,856 $ — $ 97,546 $ 5,310 Liabilities: IRLCs $ 7 $ — $ — $ 7 TBA securities 6 — 6 — Total liabilities at fair value $ 13 $ — $ 6 $ 7 Below is a discussion on the Company’s assets measured at fair value on a nonrecurring basis. Individually Evaluated Collateral-Dependent Loans Loans for which repayment is substantially expected to be provided through the operation or sale of collateral are considered collateral dependent, and are valued based on the estimated fair value of the collateral, less estimated costs to sell at the reporting date, where applicable. Accordingly, collateral dependent loans are classified within Level 3 of the fair value hierarchy. Other Real Estate Owned (Foreclosed Assets) Foreclosed assets are adjusted for fair value upon transfer of loans to foreclosed assets establishing a new cost basis. Subsequently, foreclosed assets are carried at the lower of carrying value or fair value. The estimated fair value for foreclosed assets included in Level 3 are determined by independent market based appraisals and other available market information, less costs to sell, that may be reduced further based on market expectations or an executed sales agreement. If the fair value of the collateral deteriorates subsequent to the initial recognition, the Company records the foreclosed asset as a non-recurring Level 3 adjustment. Valuation techniques are consistent with those techniques applied in prior periods. The following tables set forth the Company’s financial and nonfinancial assets subject to fair value adjustments (impairment) on a nonrecurring basis at September 30, 2023 and December 31, 2022. Assets are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Quantitative Information about Level 3 Fair Value Measurements (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range Weighted Average (1) September 30, 2023 Nonrecurring measurements: Individually evaluated collateral dependent loans $ 619 Appraisal of collateral Liquidation expense 10% 10% Other real estate owned $ 179 Appraisal of collateral Appraisal adjustments (0%) - (20%) (0%) Quantitative Information about Level 3 Fair Value Measurements (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range Weighted Average (1) December 31, 2022 Nonrecurring measurements: Other real estate owned $ 197 Appraisal of collateral Appraisal adjustments (0%) - 20% (2%) _________________________________ (1) Unobservable inputs were weighted by the relative fair value of the instruments. Financial instruments require disclosure of fair value information, whether or not recognized in the consolidated balance sheets, when it is practical to estimate the fair value. A financial instrument is defined as cash, evidence of an ownership interest in an entity or a contractual obligation which requires the exchange of cash. Certain items are specifically excluded from the financial instrument fair value disclosure requirements, including the Company’s common stock, OREO, premises and equipment and other assets and liabilities. The carrying amounts and estimated fair values of the Company’s financial instruments are presented in the following table. Fair values for September 30, 2023 and December 31, 2022 were estimated using an exit price notion. September 30, 2023 Carrying Amount Fair Value Fair Value Measurements Description of Asset (dollars in thousands) Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 108,709 $ 108,709 $ 108,709 $ — $ — Investment securities - AFS 79,143 79,143 — 79,143 — Investment securities - HTM, net 523,051 445,652 — 445,652 — Equity securities 5,434 5,434 — 5,434 — Restricted securities 13,361 13,361 — 13,361 — Loans held for sale 14,725 14,725 — 14,725 — TBA derivatives trades 359 359 — 359 — Cash surrender value on life insurance 100,950 100,950 — 100,950 — Loans, at fair value 9,302 9,302 — 9,302 — Loans, net 4,551,366 4,425,585 — — 4,425,585 MSRs 5,890 5,890 — — 5,890 IRLCs 89 89 — — 89 Liabilities Deposits: Noninterest-bearing demand $ 1,211,401 $ 1,211,401 $ — $ 1,211,401 $ — Checking plus interest 1,210,052 1,210,052 — 1,210,052 — Money Market 1,179,049 1,179,049 — 1,179,049 — Savings 370,049 370,049 — 370,049 — Club 1,706 1,706 — 1,706 — Certificates of Deposit 1,136,488 1,124,904 — 1,124,904 — Subordinated debt 42,956 41,503 — 41,503 — TRUPS 29,079 27,364 — 27,364 — IRLCs 50 50 — — 50 See the Company’s methodologies disclosed in Note 21 of the Company’s 2022 Annual Report for the fair value methodologies used as of December 31, 2022: December 31, 2022 Carrying Amount Fair Value Fair Value Measurements Description of Asset (dollars in thousands) Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 55,499 $ 55,499 $ 55,499 $ — $ — Investment securities - AFS 83,587 83,587 — 83,587 — Investment securities - HTM 559,455 494,626 — 494,626 — Equity securities 1,233 1,233 — 1,233 — Restricted securities 11,169 11,169 — 11,169 — Loans held for sale 4,248 4,248 — 4,248 — TBA securities 41 41 — 41 — Cash surrender value on life insurance 59,218 59,218 — 59,218 — Loans, at fair value 8,437 8,437 — 8,437 — Loans, net 2,531,027 2,431,808 — — 2,431,808 MSRs 5,275 5,275 — — 5,275 IRLCs 35 35 — — 35 Liabilities Deposits: Noninterest-bearing demand $ 862,015 $ 862,015 $ — $ 862,015 $ — Checking plus interest 694,101 694,101 — 694,101 — Money Market 709,132 709,132 — 709,132 — Savings 319,814 319,814 — 319,814 — Club 374 374 — 374 — Certificates of Deposit 424,348 410,455 — 410,455 — Advances from FHLB - short term 40,000 40,002 — 40,002 — Subordinated debt 43,072 41,193 — 41,193 — TBA Securities 6 6 — 6 — IRLCs 7 7 — — 7

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value Measurements Accounting guidance under GAAP defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an 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. This accounting guidance also 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. The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities on a recurring basis and to determine fair value disclosures. Additionally, from time to time, the Company may be required to record at fair value other assets on a nonrecurring basis. These nonrecurring fair value adjustments typically involve application of lower of cost or market accounting or write-downs of individual assets. Under fair value accounting guidance, assets and liabilities are grouped 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 their fair values. These hierarchy levels are: Level 1 inputs – Unadjusted quoted prices in active markets for identical assets or liabilities that the entity has the ability to access at the measurement date. Level 2 inputs – 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 assets or liabilities in active markets, and inputs other than quoted prices that are observable for the asset or liability, such as interest rates and yield curves that are observable at commonly quoted intervals. Level 3 inputs – Unobservable inputs for determining the fair values of assets or liabilities that reflect an entity’s own assumptions about the assumptions that market participants would use in pricing the assets or liabilities. Below is a discussion on the Company’s assets measured at fair value on a recurring basis. Investment Securities Available for Sale Fair value measurement for investment securities AFS is based on quoted prices from an independent pricing service. The fair value measurements consider observable data that may include present value of future cash flows, prepayment assumptions, credit loss assumptions and other factors. The Company classifies its investments in U.S. Treasury securities, if any, as Level 1 in the fair value hierarchy, and it classifies its investments in U.S. Government agencies securities and mortgage-backed securities issued or guaranteed by U.S. Government sponsored entities as Level 2. Equity Securities Fair value measurement for equity securities is based on quoted market prices retrieved by the Company via on-line resources. Although these securities have readily available fair market values, the Company determined that they should be classified as level 2 investments in the fair value hierarchy due to not being considered traded in a highly active market. LHFS LHFS are carried at fair value, which is determined based on Mark to Trade for allocated/committed loans or Mark to Market analysis for unallocated/uncommitted loans based on third-party pricing models (Level 2). Mortgage Servicing Rights The fair value of mortgage servicing rights (“MSRs”) is determined using a valuation model administered by a third party that calculates the present value of estimated future net servicing income (Level 3). The model incorporates assumptions that market participants use in estimating future net servicing income, including estimates of prepayment speeds, discount rate, default rates, cost to service (including delinquency and foreclosure costs), escrow account earnings, contractual servicing fee income, and other ancillary income such as late fees. Management reviews all significant assumptions on a quarterly basis. Mortgage loan prepayment speed, a key assumption in the model, is the annual rate at which borrowers are forecasted to repay their mortgage loan principal. The discount rate used to determine the present value of estimated future net servicing income, another key assumption in the model, is an estimate of the required rate of return investors in the market would require for an asset with similar risk. Both assumptions can, and generally will, change as market conditions and interest rates change. The significant unobservable inputs used in the fair value measurement of the reporting entity’s residential MSRs are prepayment speeds, probability of default, rate of return, and cost of servicing. Significant increases/decreases in any of those inputs in isolation would have resulted in a significantly lower/higher fair value measurement. Generally, a change in the assumption used for prepayment speeds would have been accompanied by a directionally similar change in the markets, i.e. the 10-Year Treasury, and in the probability of default. IRLCs We utilize a third-party specialist model to estimate the fair value of our IRLCs, which are valued based upon mortgage securities (TBA) prices less estimated costs to process and settle the loan. Fair value is adjusted for the estimated probability of the loan closing with the borrower (Level 3). (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range September 30, 2023 MSRs (1) $ 5,890 Market Approach Weighted average prepayment speed (PSA) (2) 108 IRLCs - net asset $ 39 Market Approach Range of pull through rate 84% - 100% Average pull through rate 98% (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range December 31, 2022 MSRs (1) $ 5,275 Market Approach Weighted average prepayment speed (PSA) (2) 121 IRLCs - net asset $ 28 Market Approach Range of pull through rate 78% - 100% Average pull through rate 92% ____________________________________ (1) The weighted average was calculated with reference to the principal balance of the underlying mortgages. (2) PSA = Public Securities Association Standard Prepayment Model The following table presents activity in MSRs for the three and nine months ended September 30, 2023. (Dollars in thousands) Three Months Ended September 30, 2023 Nine Months Ended September 30, 2023 Beginning balance $ 5,466 $ 5,275 Servicing rights resulting from sales of loans 390 620 Valuation adjustment 34 (5) Ending balance $ 5,890 $ 5,890 The following table presents activity in the IRLCs for the three and nine months ended September 30, 2023. (Dollars in thousands) Three Months Ended September 30, 2023 Nine Months Ended September 30, 2023 Beginning balance $ 32 $ 28 Valuation adjustment 7 11 Ending balance $ 39 $ 39 Forward Contracts To avoid interest rate risk, we hedge the open locked/closed position with TBA forward trades. On a regular basis, we allocate disbursed loans to mandatory commitments with government-sponsored enterprises (“GSE”) and private investors delivering the loans within 120 days of origination to maximize interest earnings. For a small percentage of our business, we enter into best efforts forward sales commitments with investors at the time we make an IRLC to a borrower. Once a loan has been closed and funded, the best efforts commitments convert to mandatory forward sales commitments. The mandatory commitments are derivatives, and we measure and report them at fair value. Fair value is based on the gain or loss that would occur if we were to pair-off the transaction with the investor at the measurement date. This is a level 2 input. We have elected to measure and report best efforts commitments at fair value, when outstanding, using a valuation methodology similar to that used for mandatory commitments. Market assumptions utilized in the fair value measurement of the reporting entity’s residential mortgage derivatives, inclusive of IRLCs, Closed Loan Inventory, TBA derivative trades, and Mandatory Forwards may be subject to investor overlays that may result in a significantly lower fair value measurement. Generally such overlays are announced with advanced notice in order to include the risk adjuster, however there are times when announcements are mandated resulting in a lower fair value measurement. Additionally market assumptions such as spec pool payups may result in a significantly higher fair value measurement at time of loan allocation to specific trades. The following tables present the recorded amount of assets measured at fair value on a recurring basis at September 30, 2023 and December 31, 2022. No assets were transferred from one hierarchy level to another during the first nine months of 2023 or 2022. (Dollars in thousands) Fair Value Quoted Prices Significant Other Observable Inputs Significant Unobservable Inputs September 30, 2023 Assets: Securities available for sale: U.S. Government agencies $ 19,631 $ — $ 19,631 $ — Mortgage-backed 53,573 — 53,573 — Other debt securities 5,939 — 5,939 — 79,143 — 79,143 — Equity securities 5,434 — 5,434 — TBA forward trades 359 — 359 — Loans Held for Sale 14,725 — 14,725 — Loans Held for Investment, at fair value 9,302 — 9,302 — MSRs 5,890 — — 5,890 IRLCs 89 — — 89 Total assets at fair value $ 114,942 $ — $ 108,963 $ 5,979 Liabilities: IRLCs $ 50 $ — $ — $ 50 TBA securities — — — — Total liabilities at fair value $ 50 $ — $ — $ 50 (Dollars in thousands) Fair Value Quoted Prices Significant Other Observable Inputs Significant Unobservable Inputs December 31, 2022 Assets: Securities available for sale: U.S. Government agencies $ 18,178 $ — $ 18,178 $ — Mortgage-backed 63,519 — 63,519 — Other debt securities 1,890 — 1,890 — 83,587 — 83,587 — Equity securities 1,233 — 1,233 — TBA forward trades 41 — 41 — Loans Held for Sale 4,248 — 4,248 — Loans Held for Investment, at fair value 8,437 — 8,437 — MSRs 5,275 — — 5,275 IRLCs 35 — — 35 Total assets at fair value $ 102,856 $ — $ 97,546 $ 5,310 Liabilities: IRLCs $ 7 $ — $ — $ 7 TBA securities 6 — 6 — Total liabilities at fair value $ 13 $ — $ 6 $ 7 Below is a discussion on the Company’s assets measured at fair value on a nonrecurring basis. Individually Evaluated Collateral-Dependent Loans Loans for which repayment is substantially expected to be provided through the operation or sale of collateral are considered collateral dependent, and are valued based on the estimated fair value of the collateral, less estimated costs to sell at the reporting date, where applicable. Accordingly, collateral dependent loans are classified within Level 3 of the fair value hierarchy. Other Real Estate Owned (Foreclosed Assets) Foreclosed assets are adjusted for fair value upon transfer of loans to foreclosed assets establishing a new cost basis. Subsequently, foreclosed assets are carried at the lower of carrying value or fair value. The estimated fair value for foreclosed assets included in Level 3 are determined by independent market based appraisals and other available market information, less costs to sell, that may be reduced further based on market expectations or an executed sales agreement. If the fair value of the collateral deteriorates subsequent to the initial recognition, the Company records the foreclosed asset as a non-recurring Level 3 adjustment. Valuation techniques are consistent with those techniques applied in prior periods. The following tables set forth the Company’s financial and nonfinancial assets subject to fair value adjustments (impairment) on a nonrecurring basis at September 30, 2023 and December 31, 2022. Assets are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Quantitative Information about Level 3 Fair Value Measurements (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range Weighted Average (1) September 30, 2023 Nonrecurring measurements: Individually evaluated collateral dependent loans $ 619 Appraisal of collateral Liquidation expense 10% 10% Other real estate owned $ 179 Appraisal of collateral Appraisal adjustments (0%) - (20%) (0%) Quantitative Information about Level 3 Fair Value Measurements (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range Weighted Average (1) December 31, 2022 Nonrecurring measurements: Other real estate owned $ 197 Appraisal of collateral Appraisal adjustments (0%) - 20% (2%) _________________________________ (1) Unobservable inputs were weighted by the relative fair value of the instruments. Financial instruments require disclosure of fair value information, whether or not recognized in the consolidated balance sheets, when it is practical to estimate the fair value. A financial instrument is defined as cash, evidence of an ownership interest in an entity or a contractual obligation which requires the exchange of cash. Certain items are specifically excluded from the financial instrument fair value disclosure requirements, including the Company’s common stock, OREO, premises and equipment and other assets and liabilities. The carrying amounts and estimated fair values of the Company’s financial instruments are presented in the following table. Fair values for September 30, 2023 and December 31, 2022 were estimated using an exit price notion. September 30, 2023 Carrying Amount Fair Value Fair Value Measurements Description of Asset (dollars in thousands) Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 108,709 $ 108,709 $ 108,709 $ — $ — Investment securities - AFS 79,143 79,143 — 79,143 — Investment securities - HTM, net 523,051 445,652 — 445,652 — Equity securities 5,434 5,434 — 5,434 — Restricted securities 13,361 13,361 — 13,361 — Loans held for sale 14,725 14,725 — 14,725 — TBA derivatives trades 359 359 — 359 — Cash surrender value on life insurance 100,950 100,950 — 100,950 — Loans, at fair value 9,302 9,302 — 9,302 — Loans, net 4,551,366 4,425,585 — — 4,425,585 MSRs 5,890 5,890 — — 5,890 IRLCs 89 89 — — 89 Liabilities Deposits: Noninterest-bearing demand $ 1,211,401 $ 1,211,401 $ — $ 1,211,401 $ — Checking plus interest 1,210,052 1,210,052 — 1,210,052 — Money Market 1,179,049 1,179,049 — 1,179,049 — Savings 370,049 370,049 — 370,049 — Club 1,706 1,706 — 1,706 — Certificates of Deposit 1,136,488 1,124,904 — 1,124,904 — Subordinated debt 42,956 41,503 — 41,503 — TRUPS 29,079 27,364 — 27,364 — IRLCs 50 50 — — 50 See the Company’s methodologies disclosed in Note 21 of the Company’s 2022 Annual Report for the fair value methodologies used as of December 31, 2022: December 31, 2022 Carrying Amount Fair Value Fair Value Measurements Description of Asset (dollars in thousands) Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 55,499 $ 55,499 $ 55,499 $ — $ — Investment securities - AFS 83,587 83,587 — 83,587 — Investment securities - HTM 559,455 494,626 — 494,626 — Equity securities 1,233 1,233 — 1,233 — Restricted securities 11,169 11,169 — 11,169 — Loans held for sale 4,248 4,248 — 4,248 — TBA securities 41 41 — 41 — Cash surrender value on life insurance 59,218 59,218 — 59,218 — Loans, at fair value 8,437 8,437 — 8,437 — Loans, net 2,531,027 2,431,808 — — 2,431,808 MSRs 5,275 5,275 — — 5,275 IRLCs 35 35 — — 35 Liabilities Deposits: Noninterest-bearing demand $ 862,015 $ 862,015 $ — $ 862,015 $ — Checking plus interest 694,101 694,101 — 694,101 — Money Market 709,132 709,132 — 709,132 — Savings 319,814 319,814 — 319,814 — Club 374 374 — 374 — Certificates of Deposit 424,348 410,455 — 410,455 — Advances from FHLB - short term 40,000 40,002 — 40,002 — Subordinated debt 43,072 41,193 — 41,193 — TBA Securities 6 6 — 6 — IRLCs 7 7 — — 7

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies In the normal course of business, to meet the financial needs of its customers, the Bank is a party to financial instruments with off-balance sheet risk. These financial instruments include commitments to extend credit and standby letters of credit. 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. Letters of credit are conditional commitments issued by the Bank to guarantee the performance of a customer to a third party. Letters of credit and other commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Because many of the letters of credit and commitments are expected to expire without being drawn upon, the total commitment amount does not necessarily represent future cash requirements. The following table provides information on commitments outstanding at September 30, 2023 and December 31, 2022. (Dollars in thousands) September 30, 2023 December 31, 2022 Commitments to extend credit $ 618,628 $ 406,353 Letters of credit 28,896 8,009 Total $ 647,524 $ 414,362 The Company provides banking services to customers who do business in the cannabis industry. Prior to the second quarter of 2022, the Company restricted these businesses to include only those in the medical-use cannabis industry in the state of Maryland. During the second quarter of 2022, the Company expanded its cannabis banking program to include both medical and adult-use licensees in other states, with an initial offering to the Company’s existing Maryland customers with multi-state operations. While the Company is providing banking services to customers that are engaged in the growing, processing, and sales of cannabis in a manner that complies with applicable state law, such customers engaged in those activities currently violate Federal laws. The Company may be deemed to be aiding and abetting illegal activities through the services that it provides to these customers. While we are not aware of any instance of a federally-insured financial institution being subject to such aiding and abetting liability, the strict enforcement of Federal laws regarding cannabis would likely result in the Company’s inability to continue to provide banking services to these customers and the Company could have legal action taken against it by the Federal government, including imprisonment and fines. There is an uncertainty of the potential impact to the Company’s Consolidated Financial Statements if the Federal government takes actions against the Company. As of September 30, 2023, the Company had not accrued an amount for the potential impact of any such actions. Following is a summary of the level of business activities with our cannabis industry customers: • Deposit and loan balances at September 30, 2023 were approximately $175.5 million, or 3.4% of total deposits, and $76.2 million, or 1.7% of total gross loans, respectively. • Interest and noninterest income for the nine months ended September 30, 2023, were approximately $7.2 million and $0.8 million, respectively.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2023
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic earnings per common share is calculated by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted earnings per common share is calculated by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period, adjusted for the dilutive effect of potential common stock equivalents (stock-based awards). The following table provides information relating to the calculation of earnings per common share. Three Months Ended September 30, Nine Months Ended September 30, (In thousands, except per share data) 2023 2022 2023 2022 Net (Loss)/Income $ (6,384) $ 9,658 $ 4,091 $ 22,769 Average number of common shares outstanding 33,129 19,852 24,354 19,842 Dilutive effect of common stock equivalents — — — — Average number of shares used to calculate diluted EPS 33,129 19,852 24,354 19,842 Anti-dilutive shares 219 — 219 — Earnings per common share Basic $ (0.19) $ 0.49 $ 0.17 $ 1.15 Diluted $ (0.19) $ 0.49 $ 0.17 $ 1.15 There were no potentially dilutive shares outstanding during the three and nine months ended September 30, 2022.

Revenue Recognition

Revenue Recognition	9 Months Ended
	Sep. 30, 2023
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition Topic 606 does not apply to revenue associated with financial instruments, including revenue from loans and securities. Topic 606 is applicable to noninterest revenue streams such as trust and asset management income, deposit related fees, interchange fees and merchant income. Noninterest revenue streams in-scope of Topic 606 are discussed below. Service Charges on Deposit Accounts Service charges on deposit accounts consist of account analysis fees (i.e., net fees earned on analyzed business and public checking accounts), monthly service fees, check orders, and other deposit account related fees. The Company’s performance obligation for account analysis fees and monthly service fees is generally satisfied, and the related revenue recognized, over the period in which the service is provided. Check orders and other deposit account related fees are largely transactional based, and therefore, the Company’s performance obligation is satisfied, and related revenue recognized, at a point in time. Payment for service charges on deposit accounts is primarily received immediately or at the end of the month through a direct charge to customers’ accounts. Trust and Investment Fee Income Trust and investment fee income primarily comprise fees earned from the management and administration of trusts and other customer assets. The Company’s performance obligation is generally satisfied over time and the resulting fees are recognized monthly, based upon the month-end market value of the assets under management and the applicable fee rate. Payment is generally received a few days after month end through a direct charge to customers’ accounts. The Company does not earn performance-based incentives. Optional services such as real estate sales and tax return preparation services are also available to existing trust and asset management customers. The Company’s performance obligation for these transactional-based services is generally satisfied, and related revenue recognized, at a point in time (i.e., as incurred). Payment is received shortly after services are rendered. Title Company Revenue Title Company revenue consists of revenue earned on performing title work for real estate transactions. The revenue is earned when the title work is performed. Payment for such performance obligations generally occurs at the time of the settlement of a real estate transaction. As such settlement is generally within 90 days of the performance of the title work, we recognize the revenue at the time of the settlement. All contract issuance costs are expensed as incurred. We had no contract assets or liabilities at September 30, 2023. Other Noninterest Income Other noninterest income consists of: fees, exchange, other service charges, safety deposit box rental fees, and other miscellaneous revenue streams. Fees and other service charges are primarily comprised of debit and credit card income, ATM fees, merchant services income, and other service charges. Debit and credit card income is primarily comprised of interchange fees earned whenever the Company’s debit and credit cards are processed through card payment networks such as Mastercard and VISA. ATM fees are primarily generated when a Company cardholder uses a non-Company ATM or a non-Company cardholder uses a Company ATM. Merchant services income mainly represents fees charged to merchants to process their debit and credit card transactions, in addition to account management fees. Other service charges include revenue from processing wire transfers, bill pay service, cashier’s checks, and other services. The Company’s performance obligation for fees, exchange, and other service charges are largely satisfied, and related revenue recognized, when the services are rendered or upon completion. Payment is typically received immediately or in the following month. Safe deposit box rental fees are charged to the customer on an annual basis and recognized upon receipt of payment. The Company determined that rentals and renewals of safe deposit boxes will be recognized on a monthly basis consistent with the duration of the performance obligation. The following presents noninterest income, segregated by revenue streams in-scope and out-of-scope of Topic 606, for the three and nine months ended September 30, 2023 and 2022. Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands) 2023 2022 2023 2022 Noninterest Income In-scope of Topic 606: Service charges on deposit accounts $ 1,505 $ 1,509 $ 3,981 $ 4,306 Trust and investment fee income 1,933 421 2,764 1,383 Interchange income 1,557 1,241 4,081 3,532 Title Company revenue 89 397 412 1,146 Other noninterest income 1,266 494 2,212 1,495 Noninterest Income (in-scope of Topic 606) 6,350 4,062 13,450 11,862 Noninterest Income (out-of-scope of Topic 606) 11,987 1,282 15,516 5,362 Total Noninterest Income $ 18,337 $ 5,344 $ 28,966 $ 17,224

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2023	Sep. 30, 2022
Pay vs Performance Disclosure
Net Income (Loss) Attributable to Parent	$ (6,384)	$ 4,018	$ 6,457	$ 9,658	$ 7,499	$ 5,613	$ 4,091	$ 22,769

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
Basis of Presentation	The consolidated financial statements include the accounts of Shore Bancshares, Inc. and its subsidiaries with all significant intercompany transactions eliminated. The consolidated financial statements conform to accounting principles generally accepted in the United States of America (“GAAP”) and to prevailing practices within the banking industry. The accompanying interim financial statements are unaudited; however, in the opinion of management all adjustments necessary to present fairly the consolidated financial position at September 30, 2023, the consolidated results of income and comprehensive income for the three and nine months ended September 30, 2023 and 2022, changes in stockholders’ equity for the three and nine months ended September 30, 2023 and 2022 and cash flows for the nine months ended September 30, 2023 and 2022, have been included. All such adjustments were of a normal recurring nature. The amounts as of December 31, 2022 were derived from the 2022 audited financial statements. The results of operations for the three and nine months ended September 30, 2023 are not necessarily indicative of the results to be expected for any other interim period or for the full year. This Quarterly Report on Form 10-Q should be read in conjunction with the Annual Report of Shore Bancshares, Inc. on Form 10-K for the year ended December 31, 2022. For purposes of comparability, certain immaterial reclassifications have been made to amounts previously reported to conform with the current period presentation. When used in these notes, the term “the Company” refers to Shore Bancshares, Inc. and, unless the context requires otherwise, its consolidated subsidiaries, Shore United Bank, N.A. (the “Bank”) and Mid-Maryland Title Company, Inc. (the “Title Company”).
Pending Recent Accounting Standards	Pending Recent Accounting Standards ASU No. 2022-03 - In June 2022, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2022-03, “Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions”. ASU 2022-03 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. The ASU is effective for fiscal years, including interim periods within those fiscal years, beginning after December 15, 2023. Early adoption is permitted. The Company does not expect the adoption of ASU 2022-03 to have a material impact on its consolidated financial statements.
Fair Value Measurement	Accounting guidance under GAAP defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an 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. This accounting guidance also 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. The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities on a recurring basis and to determine fair value disclosures. Additionally, from time to time, the Company may be required to record at fair value other assets on a nonrecurring basis. These nonrecurring fair value adjustments typically involve application of lower of cost or market accounting or write-downs of individual assets. Under fair value accounting guidance, assets and liabilities are grouped 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 their fair values. These hierarchy levels are: Level 1 inputs – Unadjusted quoted prices in active markets for identical assets or liabilities that the entity has the ability to access at the measurement date. Level 2 inputs – 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 assets or liabilities in active markets, and inputs other than quoted prices that are observable for the asset or liability, such as interest rates and yield curves that are observable at commonly quoted intervals. Level 3 inputs – Unobservable inputs for determining the fair values of assets or liabilities that reflect an entity’s own assumptions about the assumptions that market participants would use in pricing the assets or liabilities. Below is a discussion on the Company’s assets measured at fair value on a recurring basis. Investment Securities Available for Sale Fair value measurement for investment securities AFS is based on quoted prices from an independent pricing service. The fair value measurements consider observable data that may include present value of future cash flows, prepayment assumptions, credit loss assumptions and other factors. The Company classifies its investments in U.S. Treasury securities, if any, as Level 1 in the fair value hierarchy, and it classifies its investments in U.S. Government agencies securities and mortgage-backed securities issued or guaranteed by U.S. Government sponsored entities as Level 2. Equity Securities Fair value measurement for equity securities is based on quoted market prices retrieved by the Company via on-line resources. Although these securities have readily available fair market values, the Company determined that they should be classified as level 2 investments in the fair value hierarchy due to not being considered traded in a highly active market. LHFS LHFS are carried at fair value, which is determined based on Mark to Trade for allocated/committed loans or Mark to Market analysis for unallocated/uncommitted loans based on third-party pricing models (Level 2). Mortgage Servicing Rights The fair value of mortgage servicing rights (“MSRs”) is determined using a valuation model administered by a third party that calculates the present value of estimated future net servicing income (Level 3). The model incorporates assumptions that market participants use in estimating future net servicing income, including estimates of prepayment speeds, discount rate, default rates, cost to service (including delinquency and foreclosure costs), escrow account earnings, contractual servicing fee income, and other ancillary income such as late fees. Management reviews all significant assumptions on a quarterly basis. Mortgage loan prepayment speed, a key assumption in the model, is the annual rate at which borrowers are forecasted to repay their mortgage loan principal. The discount rate used to determine the present value of estimated future net servicing income, another key assumption in the model, is an estimate of the required rate of return investors in the market would require for an asset with similar risk. Both assumptions can, and generally will, change as market conditions and interest rates change. The significant unobservable inputs used in the fair value measurement of the reporting entity’s residential MSRs are prepayment speeds, probability of default, rate of return, and cost of servicing. Significant increases/decreases in any of those inputs in isolation would have resulted in a significantly lower/higher fair value measurement. Generally, a change in the assumption used for prepayment speeds would have been accompanied by a directionally similar change in the markets, i.e. the 10-Year Treasury, and in the probability of default. IRLCs We utilize a third-party specialist model to estimate the fair value of our IRLCs, which are valued based upon mortgage securities (TBA) prices less estimated costs to process and settle the loan. Fair value is adjusted for the estimated probability of the loan closing with the borrower (Level 3).
Revenue Recognition	Topic 606 does not apply to revenue associated with financial instruments, including revenue from loans and securities. Topic 606 is applicable to noninterest revenue streams such as trust and asset management income, deposit related fees, interchange fees and merchant income. Noninterest revenue streams in-scope of Topic 606 are discussed below. Service Charges on Deposit Accounts Service charges on deposit accounts consist of account analysis fees (i.e., net fees earned on analyzed business and public checking accounts), monthly service fees, check orders, and other deposit account related fees. The Company’s performance obligation for account analysis fees and monthly service fees is generally satisfied, and the related revenue recognized, over the period in which the service is provided. Check orders and other deposit account related fees are largely transactional based, and therefore, the Company’s performance obligation is satisfied, and related revenue recognized, at a point in time. Payment for service charges on deposit accounts is primarily received immediately or at the end of the month through a direct charge to customers’ accounts. Trust and Investment Fee Income Trust and investment fee income primarily comprise fees earned from the management and administration of trusts and other customer assets. The Company’s performance obligation is generally satisfied over time and the resulting fees are recognized monthly, based upon the month-end market value of the assets under management and the applicable fee rate. Payment is generally received a few days after month end through a direct charge to customers’ accounts. The Company does not earn performance-based incentives. Optional services such as real estate sales and tax return preparation services are also available to existing trust and asset management customers. The Company’s performance obligation for these transactional-based services is generally satisfied, and related revenue recognized, at a point in time (i.e., as incurred). Payment is received shortly after services are rendered. Title Company Revenue Title Company revenue consists of revenue earned on performing title work for real estate transactions. The revenue is earned when the title work is performed. Payment for such performance obligations generally occurs at the time of the settlement of a real estate transaction. As such settlement is generally within 90 days of the performance of the title work, we recognize the revenue at the time of the settlement. All contract issuance costs are expensed as incurred. We had no contract assets or liabilities at September 30, 2023. Other Noninterest Income Other noninterest income consists of: fees, exchange, other service charges, safety deposit box rental fees, and other miscellaneous revenue streams. Fees and other service charges are primarily comprised of debit and credit card income, ATM fees, merchant services income, and other service charges. Debit and credit card income is primarily comprised of interchange fees earned whenever the Company’s debit and credit cards are processed through card payment networks such as Mastercard and VISA. ATM fees are primarily generated when a Company cardholder uses a non-Company ATM or a non-Company cardholder uses a Company ATM. Merchant services income mainly represents fees charged to merchants to process their debit and credit card transactions, in addition to account management fees. Other service charges include revenue from processing wire transfers, bill pay service, cashier’s checks, and other services. The Company’s performance obligation for fees, exchange, and other service charges are largely satisfied, and related revenue recognized, when the services are rendered or upon completion. Payment is typically received immediately or in the following month. Safe deposit box rental fees are charged to the customer on an annual basis and recognized upon receipt of payment. The Company determined that rentals and renewals of safe deposit boxes will be recognized on a monthly basis consistent with the duration of the performance obligation.

Adoption of Accounting Standa_2

Adoption of Accounting Standards (Tables)	9 Months Ended
	Sep. 30, 2023
Accounting Standards Update and Change in Accounting Principle [Abstract]
Schedule of allowance for credit losses, and reserve for unfunded commitments	The following table shows the impact of the Company's adoption of ASC 326 on loans, the ACL, and the Company’s reserve for unfunded commitments. January 1, 2023 (Dollars in thousands) As Reported Under ASC 326 Pre-ASC 326 Adoption Change Total Loans, gross $ 2,556,267 $ 2,556,107 $ 160 Allowance for credit losses (27,434) (16,643) (10,791) Total loans, net $ 2,528,833 $ 2,539,464 $ (10,631) Liabilities: Reserve for Unfunded Commitments $ 581 $ 316 $ 265 The following table shows the impact of change in methodology. (Dollars in thousands) Balance as of June 30, 2023 Impact of methodology change Balance as of adoption of methodology change Construction $ 2,386 $ 33 $ 2,419 Residential real estate 9,151 4,016 13,167 Commercial real estate 10,267 1,065 11,332 Commercial 1,956 442 2,398 Consumer 5,254 1,791 7,045 Total allowance $ 29,014 $ 7,347 $ 36,361

Business Combinations (Tables)

Business Combinations (Tables)	9 Months Ended
	Sep. 30, 2023
Business Combination and Asset Acquisition [Abstract]
Schedule of Business Acquisitions	In particular, adjustments that would have been necessary to be made to record the loans at fair value, the provision of credit losses or the core deposit intangible would not be practical to estimate. (Dollars in thousands) Purchase Price Consideration: Shore Bancshares, Inc. common stock paid at closing price of $11.56 as of June 30, 2023 $ 152,612 Effective settlement of pre-existing debt (1) 500 Cash consideration (cash in lieu for fractional shares) 5 Fair value of converted restricted stock units (2) 475 Total purchase price $ 153,592 Identifiable assets: Cash and cash equivalents $ 25,377 Total securities 454,468 Loans, net 1,765,255 Premises and equipment, net 29,277 Core deposit intangible, net 48,648 Other assets 93,161 Total identifiable assets $ 2,416,186 Identifiable Liabilities Deposits $ 2,131,141 Total debt 97,545 Other liabilities 21,739 Total identifiable liabilities $ 2,250,425 Provisional fair value of net assets acquired $ 165,761 Provisional bargain purchase gain $ (12,169) ____________________________________ (1) SHBI held $500,000 in subordinated debt of TCFC. The debt was effectively settled. (2) Represents the number of TCFC restricted stock units outstanding and the equity exchange ratio, further multiplied by the price per share of SHBI common stock of $11.56 and the estimated ratio of the completed service period relative to the total service period of the underlying awards.

Investment Securities (Tables)

Investment Securities (Tables)	9 Months Ended
	Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Activity in the ACL on held-to maturity securities	The following table summarizes the activity in the ACL on HTM securities. (Dollars in thousands) Three Months Ended September 30, 2023 Nine Months Ended September 30, 2023 Balance, beginning of period $ 163 $ — Other debt securities, provision for credit losses (37) 126 Balance, end of period $ 126 $ 126
Schedule of Available-for-Sale Securities Reconciliation	The following tables provide information on the amortized cost and estimated fair values of debt securities. (Dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Available-for-sale securities: September 30, 2023 U.S. Government agencies $ 23,622 $ 4 $ 3,995 $ 19,631 Mortgage-backed-residential 63,371 — 9,798 53,573 Other debt securities 6,059 26 146 5,939 Total $ 93,052 $ 30 $ 13,939 $ 79,143 December 31, 2022 U.S. Government agencies $ 21,798 $ 5 $ 3,625 $ 18,178 Mortgage-backed-residential 72,183 2 8,666 63,519 Other debt securities 2,018 — 128 1,890 Total $ 95,999 $ 7 $ 12,419 $ 83,587
Schedule of Held-to-Maturity Securities Reconciliation	(Dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Allowance for Credit Losses Held-to-maturity securities: September 30, 2023 U.S. Government agencies $ 143,494 $ — $ 14,873 $ 128,621 $ — Mortgage-backed-residential 367,712 — 61,177 306,535 — States and political subdivisions 1,471 2 68 1,405 — Other debt securities 10,500 — 1,409 9,091 126 Total $ 523,177 $ 2 $ 77,527 $ 445,652 $ 126 December 31, 2022 U.S. Government agencies $ 148,097 $ — $ 13,601 $ 134,496 $ — Mortgage-backed-residential 398,884 — 50,464 348,420 — States and political subdivisions 1,474 35 28 1,481 — Other debt securities 11,000 — 770 10,230 — Total $ 559,455 $ 35 $ 64,863 $ 494,627 $ —
Schedule of Amortized Cost of Held-to-Maturity Securities Based on Credit Rating	The following table shows the amortized cost of HTM securities based on their lowest publicly available credit rating as of September 30, 2023. September 30, 2023 Investment Grade (Dollars in thousands) Aaa Aa1 A3 Baa1 Baa2 NR Total U.S. Government agencies $ 143,494 $ — $ — $ — $ — $ — $ 143,494 Mortgage-backed-residential 367,712 — — — — — 367,712 States and political subdivisions — 1,471 — — — — 1,471 Other debt securities — — 4,000 4,000 500 2,000 10,500 Total Held-to Maturity Securities $ 511,206 $ 1,471 $ 4,000 $ 4,000 $ 500 $ 2,000 $ 523,177
Available-For-Sale Securities and Held-to-Maturity, Continuous Unrealized Loss Position, Fair Value	The following tables provide information about gross unrealized losses and fair value by length of time that the individual securities have been in a continuous unrealized loss position at September 30, 2023 and December 31, 2022. Less than 12 Months More than 12 Months Total (Dollars in thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses September 30, 2023 Available-for-sale securities: U.S. Government agencies $ 596 $ 1 $ 16,352 $ 3,994 $ 16,948 $ 3,995 Mortgage-backed-residential 433 4 53,140 9,794 53,573 9,798 Other debt securities — — 1,866 146 1,866 146 Total $ 1,029 $ 5 $ 71,358 $ 13,934 $ 72,387 $ 13,939 Less than 12 Months More than 12 Months Total (Dollars in thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses December 31, 2022 Available-for-sale securities: U.S. Government agencies $ 1,165 $ 4 $ 16,585 $ 3,621 $ 17,750 $ 3,625 Mortgage-backed-residential 29,125 2,409 34,167 6,257 63,292 8,666 Other debt securities 1,890 128 — — 1,890 128 Total $ 32,180 $ 2,541 $ 50,752 $ 9,878 $ 82,932 $ 12,419 Held-to-maturity securities: U.S. Government agencies $ 67,332 $ 2,786 $ 67,163 $ 10,815 $ 134,495 $ 13,601 Mortgage-backed-residential 148,771 9,402 199,649 41,062 348,420 50,464 States and political subdivisions 780 28 — — 780 28 Other debt securities 8,091 409 2,139 361 10,230 770 Total $ 224,974 $ 12,625 $ 268,951 $ 52,238 $ 493,925 $ 64,863
Schedule of Securities Debt Maturities	The following table provides information on the amortized cost and estimated fair values of investment securities by maturity date at September 30, 2023. Available for sale Held to maturity (Dollars in thousands) Amortized Cost Fair Value Amortized Cost Fair Value Due in one year or less $ 2,478 $ 2,479 $ 7,000 $ 6,873 Due after one year through five years 16,520 15,113 119,922 110,186 Due after five years through ten years 31,108 27,144 52,517 45,947 Due after ten years 42,946 34,407 343,738 282,646 Total $ 93,052 $ 79,143 $ 523,177 $ 445,652

Loans and Allowance for Credi_2

Loans and Allowance for Credit Losses (Tables)	9 Months Ended
	Sep. 30, 2023
Receivables [Abstract]
Schedule of financing receivables	The following table provides information about the principal classes of the loan portfolio at September 30, 2023 and December 31, 2022. (Dollars in thousands) September 30, 2023 % of Total Loans December 31, 2022 % of Total Loans Construction $ 328,750 7.12 % $ 246,319 9.64 % Residential real estate 1,439,464 31.17 % 810,497 31.71 % Commercial real estate 2,283,521 49.45 % 1,065,409 41.68 % Commercial 229,474 4.97 % 147,856 5.78 % Consumer 330,411 7.16 % 286,026 11.19 % Credit Cards 6,099 0.13 % — — % Total loans 4,617,719 100.00 % 2,556,107 100.00 % Allowance for credit losses on loans (57,051) (16,643) Total loans, net $ 4,560,668 $ 2,539,464
Schedule of acquired loans in TCFC acquisition	The following purchased credit deteriorated loans were acquired in connection with the merger on the Acquisition Date. (Dollars in Thousands) Par Value Purchase Discount Allowance Purchase Price Construction $ 177 $ (11) $ (3) $ 163 Residential real estate 8,379 (1,157) (215) 7,007 Commercial real estate 55,779 (6,864) (985) 47,930 Commercial 2,137 (59) (278) 1,800 Consumer 519 (35) (14) 470 Credit Card 999 (144) (18) 837 Total $ 67,990 $ (8,270) $ (1,513) $ 58,207
Schedule of Non accrual Loans	The following table provides information on nonaccrual loans by loan class as of September 30, 2023. (Dollars in thousands) Non-accrual with no allowance for credit loss Non-accrual with an allowance for credit loss Total Non-accruals September 30, 2023 Nonaccrual loans: Construction $ 147 $ — $ 147 Residential real estate 3,603 299 3,902 Commercial real estate 3,866 — 3,866 Commercial 174 671 845 Consumer 203 19 222 Total $ 7,993 $ 989 $ 8,982 Interest income $ — $ — $ — (Dollars in thousands) Non-accrual Delinquent Loans Non-accrual Current Loans Total Non-accruals September 30, 2023 Nonaccrual loans: Construction $ 147 $ — $ 147 Residential real estate 2,258 1,644 3,902 Commercial real estate 749 3,117 3,866 Commercial 1 844 845 Consumer 221 1 222 Total $ 3,376 $ 5,606 $ 8,982
Schedule of financing receivable credit quality indicators	The following table provides information on loan risk ratings as of September 30, 2023 and gross write-offs during the nine months ended September 30, 2023. Term Loans by Origination Year Revolving Loans Revolving Converted to Term Loans Total (Dollars in thousands) Prior 2019 2020 2021 2022 2023 September 30, 2023 Construction Pass $ 27,243 $ 14,732 $ 29,531 $ 40,493 $ 135,418 $ 72,852 $ 8,331 $ — $ 328,600 Substandard 138 — — 12 — — — — 150 Total $ 27,381 $ 14,732 $ 29,531 $ 40,505 $ 135,418 $ 72,852 $ 8,331 $ — $ 328,750 Gross Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Residential real estate Pass $ 330,183 $ 55,088 $ 107,259 $ 248,445 $ 355,912 $ 218,563 $ 116,868 $ 876 $ 1,433,194 Special Mention 41 259 — — — — 192 — 492 Substandard 5,320 — — — — — 458 — 5,778 Total $ 335,544 $ 55,347 $ 107,259 $ 248,445 $ 355,912 $ 218,563 $ 117,518 $ 876 $ 1,439,464 Gross Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial real estate Pass $ 683,984 $ 192,789 $ 302,597 $ 430,908 $ 430,214 $ 195,260 $ 16,420 $ 2,202 $ 2,254,374 Special Mention 13,931 141 — 6,184 4,475 — — 426 25,157 Substandard 1,498 1,937 — 555 — — — — 3,990 Total $ 699,413 $ 194,867 $ 302,597 $ 437,647 $ 434,689 $ 195,260 $ 16,420 $ 2,628 $ 2,283,521 Gross Charge-offs $ (513) $ — $ (814) $ — $ — $ — $ — $ — $ (1,327) Commercial Pass $ 25,796 $ 14,254 $ 15,332 $ 43,209 $ 40,337 $ 24,582 $ 62,679 $ 1,641 $ 227,830 Special Mention 137 — — 440 — — 75 243 895 Substandard 1 186 — — 23 — 493 46 749 Total $ 25,934 $ 14,440 $ 15,332 $ 43,649 $ 40,360 $ 24,582 $ 63,247 $ 1,930 $ 229,474 Gross Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Consumer Pass $ 682 $ 1,258 $ 15,574 $ 83,768 $ 150,126 $ 78,067 $ 713 $ — $ 330,188 Special Mention — — — — — — 1 — 1 Substandard — 26 — 117 78 — 1 — 222 Total $ 682 $ 1,284 $ 15,574 $ 83,885 $ 150,204 $ 78,067 $ 715 $ — $ 330,411 Gross Charge-offs $ (45) $ — $ (16) $ (3) $ (1) $ (328) $ (1) $ (5) $ (399) Total Pass $ 1,067,888 $ 278,121 $ 470,293 $ 846,823 $ 1,112,007 $ 589,324 $ 205,011 $ 4,719 $ 4,574,186 Special Mention 14,109 400 — 6,624 4,475 — 268 669 26,545 Substandard 6,957 2,149 — 684 101 — 952 46 10,889 Total loans by risk category $ 1,088,954 $ 280,670 $ 470,293 $ 854,131 $ 1,116,583 $ 589,324 $ 206,231 $ 5,434 $ 4,611,620 Total gross charge-offs $ (558) $ — $ (830) $ (3) $ (1) $ (328) $ (1) $ (5) $ (1,726) Term Loans by Origination Year Revolving Loans Revolving Converted to Term Loans Total (Dollars in thousands) Prior 2019 2020 2021 2022 2023 September 30, 2023 Credit Cards Performing $ — $ — $ — $ — $ — $ — $ 6,099 $ — $ 6,099 Non-Performing — — — — — — — — — Total $ — $ — $ — $ — $ — $ — $ 6,099 $ — $ 6,099 Gross Charge-offs $ — $ — $ — $ — $ — $ — $ (60) $ — $ (60) Total loans evaluated by performing status $ — $ — $ — $ — $ — $ — $ 6,099 $ — $ 6,099 Total gross charge-offs $ — $ — $ — $ — $ — $ — $ (60) $ — $ (60) Total Recorded Investment $ 1,088,954 $ 280,670 $ 470,293 $ 854,131 $ 1,116,583 $ 589,324 $ 212,330 $ 5,434 $ 4,617,719 The following tables provide information on loan risk ratings as of December 31, 2022. (Dollars in thousands) Pass/Performing (1) Pass Special Mention Substandard Doubtful PCI Total December 31, 2022 Construction $ 231,160 $ 14,212 $ — $ 297 $ — $ 650 $ 246,319 Residential real estate 761,405 32,467 1,239 1,430 — 13,956 810,497 Commercial real estate 929,501 121,711 1,814 517 — 11,866 1,065,409 Commercial 131,084 15,958 484 174 — 156 147,856 Consumer 285,786 196 2 28 — 14 286,026 Total $ 2,338,936 $ 184,544 $ 3,539 $ 2,446 $ — $ 26,642 $ 2,556,107 (1) Includes loans measured at fair value of $8.4 million at December 31, 2022.
Schedule of past due financing receivables	The following tables provide information on the aging of the loan portfolio as of September 30, 2023 and December 31, 2022. (Dollars in thousands) 30‑59 days past due 60‑89 days past due 90 days past due and still accruing 90 days past due and not accruing Total Current Non-accrual Current Accrual Loans (1) Total September 30, 2023 Construction $ 1,035 $ — $ 65 $ 147 $ 1,247 $ — $ 327,503 $ 328,750 Residential real estate 3,036 250 871 1,669 5,826 1,644 1,431,994 1,439,464 Commercial real estate 785 445 — 749 1,979 3,117 2,278,425 2,283,521 Commercial 103 — — — 103 844 228,527 229,474 Consumer 593 2,744 1,160 214 4,711 1 325,699 330,411 Credit Cards 61 41 53 — 155 — 5,944 6,099 Total $ 5,613 $ 3,480 $ 2,149 $ 2,779 $ 14,021 $ 5,606 $ 4,598,092 $ 4,617,719 Percent of total loans 0.1 % 0.1 % — % — % 0.3 % 0.1 % 99.6 % 100.0 % (1) Includes loans measured at fair value of $9.3 million at September 30, 2023. Accruing (Dollars in thousands) Current (1) 30‑59 days past due 60‑89 days past due 90 days or more past due Total Non-accrual PCI Total December 31, 2022 Construction $ 239,990 $ 4,343 $ 1,015 $ 24 $ 5,382 $ 297 $ 650 $ 246,319 Residential real estate 787,070 6,214 891 1,107 8,212 1,259 13,956 810,497 Commercial real estate 1,052,314 369 — 710 1,079 150 11,866 1,065,409 Commercial 147,511 15 — — 15 174 156 147,856 Consumer 285,750 223 11 — 234 28 14 286,026 Total $ 2,512,635 $ 11,164 $ 1,917 $ 1,841 $ 14,922 $ 1,908 $ 26,642 $ 2,556,107 Percent of total loans 98.3 % 0.4 % 0.1 % 0.1 % 0.6 % 0.1 % 1.0 % 100.0 % (1) Includes loans measured at fair value of $8.4 million at December 31, 2022.
Schedule of consolidated allowance for credit losses on financing receivables	The following tables provide a summary of the activity in the ACL allocated by loan class for the three and nine months ended September 30, 2023 and September 30, 2022. Allocation of a portion of the allowance to one loan class does not preclude its availability to absorb losses in other loan classes. (Dollars in thousands) Beginning Balance Merger Adjustments (2) Charge-offs Recoveries Net (charge-offs) recoveries Provisions Ending Balance For three months ended September 30, 2023 Construction $ 2,386 $ 3 $ — $ 3 $ 3 $ 1,439 $ 3,831 Residential real estate 9,151 215 — 3 3 9,806 19,175 Commercial real estate 10,267 985 (1,327) — (1,327) 12,875 22,800 Commercial 1,956 278 — 2 2 2,101 4,337 Consumer (1) 5,254 14 (115) 45 (70) 1,658 6,856 Credit Card — 18 (60) — (60) 94 52 Total $ 29,014 $ 1,513 $ (1,502) $ 53 $ (1,449) $ 27,973 $ 57,051 (1) Gross charge-offs of consumer loans for the three months ended September 30, 2023 included $95,000 of demand deposit overdrafts. (2) Merger adjustments consist of gross-up for acquired PCD loans in the TCFC merger. (Dollars in thousands) Beginning Balance Charge-offs Recoveries Net (charge-offs) recoveries Provisions Ending Balance For three months ended September 30, 2022 Construction $ 3,345 $ — $ 2 $ 2 $ (315) $ 3,032 Residential real estate 2,778 — 12 12 218 3,008 Commercial real estate 4,441 — 243 243 325 5,009 Commercial 1,681 (202) 60 (142) 368 1,907 Consumer 3,238 — 4 4 79 3,321 Total $ 15,483 $ (202) $ 321 $ 119 $ 675 $ 16,277 (Dollars in thousands) Beginning Balance Impact of ASC326 Adoption Merger Adjustments (2) Charge-offs Recoveries Net (charge-offs) recoveries Provisions Ending Balance For nine months ended September 30, 2023 Construction $ 2,973 $ 1,222 $ 3 $ — $ 10 $ 10 $ (377) $ 3,831 Residential real estate 2,622 4,974 215 — 37 37 11,327 19,175 Commercial real estate 4,899 3,742 985 (1,327) — (1,327) 14,501 22,800 Commercial 1,652 401 278 — 10 10 1,996 4,337 Consumer (1) 4,497 452 14 (399) 210 (189) 2,082 6,856 Credit Card — — 18 (60) — (60) 94 52 Total $ 16,643 $ 10,791 $ 1,513 $ (1,786) $ 267 $ (1,519) $ 29,623 $ 57,051 (1) Gross charge-offs of consumer loans for the nine months ended September 30, 2023 included $0.4 million of demand deposit overdrafts. (2) Merger adjustments consist of gross-up for acquired PCD loans in the TCFC merger. (Dollars in thousands) Beginning Balance Charge-offs Recoveries Net (charge-offs) recoveries Provisions Ending Balance For nine months ended September 30, 2022 Construction $ 2,454 $ — $ 9 $ 9 $ 569 $ 3,032 Residential real estate 2,858 (4) 131 127 23 3,008 Commercial real estate 4,598 (6) 948 942 (531) 5,009 Commercial 2,070 (416) 200 (216) 53 1,907 Consumer 1,964 (31) 27 (4) 1,361 3,321 Total $ 13,944 $ (457) $ 1,315 $ 858 $ 1,475 $ 16,277
Schedule of collateral-dependent loans	The following table presents the amortized cost basis of collateral-dependent loans by loan portfolio segment. September 30, 2023 (Dollars in thousands) Real Estate Collateral Other Collateral Total Construction $ 250 $ — $ 250 Residential real estate 7,620 — 7,620 Commercial real estate 5,411 — 5,411 Commercial — 1,100 1,100 Consumer — 1,381 1,381 Total $ 13,281 $ 2,481 $ 15,762
Schedule of loans acquired from severn	The following table provides information about all loans acquired from Severn as of December 31, 2022. December 31, 2022 (Dollars in thousands) Acquired Loans - Purchased Credit Impaired Acquired Loans - Purchased Performing Acquired Loans - Total Outstanding principal balance $ 29,620 $ 349,262 $ 378,882 Carrying amount Construction $ 650 $ 18,761 $ 19,411 Residential real estate 13,956 116,118 130,074 Commercial real estate 11,866 174,278 186,144 Commercial 156 35,687 35,843 Consumer 14 697 711 Total loans $ 26,642 $ 345,541 $ 372,183
Schedule of PCI loans acquired	The following table presents a summary of the change in the accretable yield on PCI loans acquired from Severn. (Dollars in thousands) Nine Months Ended September 30, 2022 Accretable yield, beginning of period $ 5,367 Accretion (1,195) Reclassification of nonaccretable difference due to improvement in expected cash flows 399 Other changes, net 287 Accretable yield, end of period $ 4,858
Schedule of allowance for credit losses on financing receivables	The following tables include impairment information relating to loans and the ACL on loans as of December 31, 2022. (Dollars in thousands) Ending balance: Ending balance: Acquired Loans- PCI Total (1) December 31, 2022 Loan Receivables: Construction $ 331 $ 236,901 $ 650 $ 237,882 Residential real estate 5,081 791,460 13,956 810,497 Commercial real estate 2,540 1,051,003 11,866 1,065,409 Commercial 174 147,526 156 147,856 Consumer 28 285,984 14 286,026 Total $ 8,154 $ 2,512,874 $ 26,642 $ 2,547,670 Allowance for credit losses on loans: Allocated to loans individually evaluated for impairment Allocated to loans collectively evaluated for impairment Total Construction $ — $ 2,973 $ 2,973 Residential real estate 127 2,495 2,622 Commercial real estate — 4,899 4,899 Commercial — 1,652 1,652 Consumer — 4,497 4,497 Total $ 127 $ 16,516 $ 16,643 (1) Excludes loans measured at fair value of $8.4 million at December 31, 2022.
Schedule of impaired financing receivables	The difference between the unpaid principal balance and the recorded investment is the amount of partial charge-offs that have been taken and interest paid on nonaccrual loans that has been applied to principal. Unpaid principal balance Recorded investment with no allowance Recorded investment with an allowance Related allowance September 30, 2022 (Dollars in thousands) Quarter-to-date average recorded investment Year-to-date average recorded investment Interest income recognized December 31, 2022 Impaired nonaccrual loans: Construction $ 297 $ 297 $ — $ — $ 297 $ 314 $ — Residential real estate 1,363 1,259 — — 1,639 1,534 — Commercial real estate 159 150 — — 466 704 — Commercial 359 174 — — 197 242 — Consumer 29 28 — — 40 48 — Total $ 2,207 $ 1,908 $ — $ — $ 2,639 $ 2,842 $ — Impaired accruing TDRs: Construction $ 10 $ 10 $ — $ — $ 14 $ 18 $ 1 Residential real estate 2,849 1,176 1,539 127 2,750 3,064 83 Commercial real estate 1,680 1,680 — — 1,830 2,231 48 Commercial — — — — — — — Consumer — — — — — 6 — Total $ 4,539 $ 2,866 $ 1,539 $ 127 $ 4,594 $ 5,319 $ 132 Other impaired accruing loans: Construction $ 24 $ 24 $ — $ — $ 304 $ 190 $ 6 Residential real estate 1,107 1,107 — — 745 259 3 Commercial real estate 710 710 — — 537 493 7 Commercial — — — — 13 7 1 Consumer — — — — — 13 — Total $ 1,841 $ 1,841 $ — $ — $ 1,599 $ 962 $ 17 Total impaired loans: Construction $ 331 $ 331 $ — $ — $ 615 $ 522 $ 7 Residential real estate 5,319 3,542 1,539 127 5,134 4,857 86 Commercial real estate 2,549 2,540 — — 2,833 3,428 55 Commercial 359 174 — — 210 249 1 Consumer 29 28 — — 40 67 — Total $ 8,587 $ 6,615 $ 1,539 $ 127 $ 8,832 $ 9,123 $ 149

Goodwill and Other Intangibles

Goodwill and Other Intangibles (Tables)	9 Months Ended
	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Components of Goodwill and Other Acquired Intangible Assets	The following table provides information on the significant components of goodwill and other acquired intangible assets at September 30, 2023 and December 31, 2022. September 30, 2023 (Dollars in thousands) Gross Carrying Amount Additions Accumulated Impairment Charges Accumulated Amortization Net Carrying Amount Weighted Average Remaining Life (in years) Goodwill $ 65,476 $ — $ (1,543) $ (667) $ 63,266 n/a Core deposit intangible $ 10,503 $ 48,648 $ — $ (8,466) $ 50,685 4.9 Total core deposit intangible $ 10,503 $ 48,648 $ — $ (8,466) $ 50,685 December 31, 2022 (Dollars in thousands) Gross Carrying Amount Measurement Period Adjustments Accumulated Impairment Charges Accumulated Amortization Net Carrying Amount Weighted Average Remaining Life Goodwill $ 65,631 $ (155) $ (1,543) $ (667) $ 63,266 n/a Core deposit intangible $ 10,504 $ — $ — $ (4,957) $ 5,547 2.6 Total core deposit intangible $ 10,504 $ — $ — $ (4,957) $ 5,547
Future Amortization Expense for Amortizable Other Intangible Assets	At September 30, 2023, estimated future remaining amortization for amortizing core deposit intangible within the years ending December 31, is as follows: (Dollars in thousands) Amortization Expense 2023 $ 2,595 2024 9,779 2025 8,589 2026 7,399 2027 6,208 Thereafter 16,115 Total amortizing core deposit intangible $ 50,685

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2023
Leases [Abstract]
Information about leases	The following tables present information about the Company’s leases. (Dollars in thousands) September 30, 2023 December 31, 2022 Lease liabilities $ 13,082 $ 9,908 Right-of-use assets $ 12,741 $ 9,629 Weighted average remaining lease term 11.07 years 12.55 years Weighted average discount rate 3.18 % 2.50 % Remaining lease term - min 0.64 years 0.16 years Remaining lease term - max 17.93 years 18.68 years Three Months Ended September 30, Nine Months Ended September 30, Lease cost (in thousands) 2023 2022 2023 2022 Operating lease cost $ 485 $ 340 $ 1,153 $ 1,007 Total lease cost $ 485 $ 340 $ 1,153 $ 1,007 Cash paid for amounts included in the measurement of lease liabilities $ 459 $ 318 $ 1,090 $ 939
Operating lease liabilities	A maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total of operating lease liabilities is as follows: Lease payments due (in thousands) As of September 30, 2023 Three months ending December 31, 2023 $ 460 2024 1,768 2025 1,544 2026 1,554 2027 1,454 Thereafter 8,669 Total undiscounted cash flows $ 15,449 Discount 2,367 Lease liabilities $ 13,082
Minimum future annual rental income	The following table presents our minimum future annual rental income on such leases as of September 30, 2023. (In thousands) As of September 30, 2023 Three months ending December 31, 2023 $ 206 2024 701 2025 719 2026 737 2027 418 Thereafter 1,554 Total $ 4,335

Deposits (Tables)

Deposits (Tables)	9 Months Ended
	Sep. 30, 2023
Deposits [Abstract]
Summary of Deposits	Deposits consist of the following categories as of the dates indicated: (dollars in thousands) September 30, 2023 December 31, 2022 Balance % Balance % Noninterest-bearing demand $ 1,211,401 23.70 % $ 862,015 28.60 % Interest-bearing: Demand 1,210,051 23.70 % 694,101 23.10 % Money market deposits 1,179,049 23.10 % 709,132 23.60 % Savings 371,755 7.30 % 320,188 10.60 % Certificates of deposit 1,136,488 22.20 % 424,348 14.10 % Total interest-bearing 3,897,343 76.30 % 2,147,769 71.40 % Total Deposits $ 5,108,744 100.00 % $ 3,009,784 100.00 % At September 30, 2023, the scheduled contractual maturities of certificates of deposit are as follows: (dollars in thousands) September 30, 2023 Within one year $ 894,384 Year 2 162,135 Year 3 48,171 Year 4 15,530 Year 5 15,816 Thereafter 452 $ 1,136,488
Schedule of Contractual Maturities of Certificates of Deposit	At September 30, 2023, the scheduled contractual maturities of certificates of deposit are as follows: (dollars in thousands) September 30, 2023 Within one year $ 894,384 Year 2 162,135 Year 3 48,171 Year 4 15,530 Year 5 15,816 Thereafter 452 $ 1,136,488

Borrowings (Tables)

Borrowings (Tables)	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Schedule of Long-Term Debt	Long-term debt consisted of the following: September 30, (dollars in thousands) 2023 2022 Issue Date Stated Maturity Date Earliest Call Date Interest Rate September 2030 Subordinated Debentures $ 25,000 $ 25,000 2020 2030 2025 5.375% through September 2025, 3-month SOFR + 5.265% thereafter October 2030 Subordinated Debentures 19,500 — 2020 2030 2025 4.75% through October 2025, 3-month SOFR + 4.58% thereafter Total subordinated debentures 44,500 25,000 Severn Capital Trust I 20,619 20,619 2004 2035 3-month SOFR + 2.00% Tri-County Capital Trust I 7,000 — 2004 2034 90-day SOFR + 2.60% Tri-County Capital Trust II 5,000 — 2005 2035 90-day SOFR + 1.70% Total trust preferred securities 32,619 20,619 Less net discount and unamortized issuance costs (5,084) (2,547) Total long-term debt $ 72,035 $ 43,072

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
Restricted Stock and Restricted Stock Activity	The following table summarizes restricted stock award and restricted stock unit activity for the Company under the 2016 Equity Plan for the nine months ended September 30, 2023. Restricted Stock Restricted Stock Units Number of Shares Weighted Average Grant Date Fair Value Number of Shares Weighted Average Grant Date Fair Value Nonvested at beginning of period 36,860 $ 20.15 — $ — Replacement awards issued in acquisition of TCFC 3,977 11.56 90,783 11.56 Granted 53,655 14.73 91,047 11.56 Vested (40,525) 17.65 (11,459) 11.56 Forfeited (1,671) 17.49 (1,202) 11.56 Nonvested at end of period 52,296 $ 15.95 169,169 $ 11.56

Derivatives (Tables)

Derivatives (Tables)	9 Months Ended
	Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	The following table provides information pertaining to the carrying amounts of our derivative financial instruments at September 30, 2023 and December 31, 2022. September 30, 2023 December 31, 2022 (Dollars in thousands) Notional Amount Estimated Fair Value Notional Amount Estimated Fair Value Asset - IRLCs $ 10,969 $ 89 $ 4,166 $ 35 Asset - TBA securities 22,900 359 8,750 41 Liability - IRLCs 8,354 50 1,150 7 Liability - TBA securities 500 — 1,000 6

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Sep. 30, 2023
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table provides information on the changes in the component of accumulated other comprehensive income (loss) for the three and nine months ended September 30, 2023 and 2022. Three Months Ended September 30, 2023 Three Months Ended September 30, 2022 Nine Months Ended September 30, 2023 Nine Months Ended September 30, 2022 (Dollars in thousands) Net Unrealized Gains And (Losses) Net Unrealized Gains And (Losses) Net Unrealized Gains And (Losses) Net Unrealized Gains And (Losses) Beginning of period $ (8,561) $ (6,651) $ (9,021) $ 56 Other comprehensive losses, net of tax before reclassifications (1,548) (3,130) (1,088) (9,837) End of period $ (10,109) $ (9,781) $ (10,109) $ (9,781)

Regulatory Capital (Tables)

Regulatory Capital (Tables)	9 Months Ended
	Sep. 30, 2023
Regulatory Capital Requirements under Banking Regulations [Abstract]
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations	Regulatory Capital and Ratios Regulatory Minimum Ratio + CCB ( 1) The Company The Bank (dollars in thousands) September 30, 2023 December 31, 2022 September 30, 2023 December 31, 2022 Common equity $ 504,931 $ 364,285 $ 566,129 $ 395,594 Goodwill (63,266) (63,266) (63,266) (63,266) Core deposit intangible (3) (37,507) (5,547) (37,507) (5,547) DTAs that arise from net operating loss and tax credit carry forwards (9,158) — (6,765) — AOCI (gains) losses 10,109 9,021 10,109 9,021 Common Equity Tier 1 Capital 405,109 304,493 468,700 335,802 TRUPs 29,079 18,398 — — Tier 1 Capital 434,188 322,891 468,700 335,802 Allowable reserve for credit losses and other Tier 2 adjustments 58,190 16,855 58,190 16,855 Subordinated notes 42,956 24,674 — — Tier 2 Capital $ 535,334 $ 364,420 $ 526,890 $ 352,657 Risk-Weighted Assets ("RWA") $ 4,707,597 $ 2,619,400 $ 4,703,362 $ 2,618,939 Average Assets ("AA") $ 5,674,370 $ 3,390,516 $ 5,661,864 $ 3,386,771 Common Tier 1 Capital to RWA 7.00% 8.61 % 11.62 % 9.97 % 12.82 % Tier 1 Capital to RWA 8.50% 9.22 % 12.33 % 9.97 % 12.82 % Tier 2 Capital to RWA 10.50% 11.37 % 13.91 % 11.20 % 13.47 % Tier 1 Capital to AA (Leverage) (2) n/a 7.65 % 9.52 % 8.28 % 9.92 % ____________________________________ (1) The regulatory minimum capital ratio ("Min. Ratio") + the capital conservation buffer ("CCB"). (2) Tier 1 Capital to AA (Leverage) has no capital conservation buffer defined. The PCA well capitalized is defined as 5.00%. (3) Core deposit intangible at September 30, 2023 is net of deferred tax liability.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value Assets and Liabilities Measured on Nonrecurring Basis Valuation Techniques	Fair value is adjusted for the estimated probability of the loan closing with the borrower (Level 3). (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range September 30, 2023 MSRs (1) $ 5,890 Market Approach Weighted average prepayment speed (PSA) (2) 108 IRLCs - net asset $ 39 Market Approach Range of pull through rate 84% - 100% Average pull through rate 98% (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range December 31, 2022 MSRs (1) $ 5,275 Market Approach Weighted average prepayment speed (PSA) (2) 121 IRLCs - net asset $ 28 Market Approach Range of pull through rate 78% - 100% Average pull through rate 92% ____________________________________ (1) The weighted average was calculated with reference to the principal balance of the underlying mortgages. (2) PSA = Public Securities Association Standard Prepayment Model
Schedule of Servicing Asset at Fair Value	The following table presents activity in MSRs for the three and nine months ended September 30, 2023. (Dollars in thousands) Three Months Ended September 30, 2023 Nine Months Ended September 30, 2023 Beginning balance $ 5,466 $ 5,275 Servicing rights resulting from sales of loans 390 620 Valuation adjustment 34 (5) Ending balance $ 5,890 $ 5,890
Schedule of Derivative Asset at Fair Value	The following table presents activity in the IRLCs for the three and nine months ended September 30, 2023. (Dollars in thousands) Three Months Ended September 30, 2023 Nine Months Ended September 30, 2023 Beginning balance $ 32 $ 28 Valuation adjustment 7 11 Ending balance $ 39 $ 39
Schedule of Fair Value of Assets and Liabilities Measured on Recurring Basis	The following tables present the recorded amount of assets measured at fair value on a recurring basis at September 30, 2023 and December 31, 2022. No assets were transferred from one hierarchy level to another during the first nine months of 2023 or 2022. (Dollars in thousands) Fair Value Quoted Prices Significant Other Observable Inputs Significant Unobservable Inputs September 30, 2023 Assets: Securities available for sale: U.S. Government agencies $ 19,631 $ — $ 19,631 $ — Mortgage-backed 53,573 — 53,573 — Other debt securities 5,939 — 5,939 — 79,143 — 79,143 — Equity securities 5,434 — 5,434 — TBA forward trades 359 — 359 — Loans Held for Sale 14,725 — 14,725 — Loans Held for Investment, at fair value 9,302 — 9,302 — MSRs 5,890 — — 5,890 IRLCs 89 — — 89 Total assets at fair value $ 114,942 $ — $ 108,963 $ 5,979 Liabilities: IRLCs $ 50 $ — $ — $ 50 TBA securities — — — — Total liabilities at fair value $ 50 $ — $ — $ 50 (Dollars in thousands) Fair Value Quoted Prices Significant Other Observable Inputs Significant Unobservable Inputs December 31, 2022 Assets: Securities available for sale: U.S. Government agencies $ 18,178 $ — $ 18,178 $ — Mortgage-backed 63,519 — 63,519 — Other debt securities 1,890 — 1,890 — 83,587 — 83,587 — Equity securities 1,233 — 1,233 — TBA forward trades 41 — 41 — Loans Held for Sale 4,248 — 4,248 — Loans Held for Investment, at fair value 8,437 — 8,437 — MSRs 5,275 — — 5,275 IRLCs 35 — — 35 Total assets at fair value $ 102,856 $ — $ 97,546 $ 5,310 Liabilities: IRLCs $ 7 $ — $ — $ 7 TBA securities 6 — 6 — Total liabilities at fair value $ 13 $ — $ 6 $ 7
Fair Value of Assets Measured on Nonrecurring Basis	Assets are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Quantitative Information about Level 3 Fair Value Measurements (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range Weighted Average (1) September 30, 2023 Nonrecurring measurements: Individually evaluated collateral dependent loans $ 619 Appraisal of collateral Liquidation expense 10% 10% Other real estate owned $ 179 Appraisal of collateral Appraisal adjustments (0%) - (20%) (0%) Quantitative Information about Level 3 Fair Value Measurements (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range Weighted Average (1) December 31, 2022 Nonrecurring measurements: Other real estate owned $ 197 Appraisal of collateral Appraisal adjustments (0%) - 20% (2%) _________________________________

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2023
Fair Value Disclosures [Abstract]
Summary of Carrying Amounts and Estimated Fair Values of Financial Instruments	The carrying amounts and estimated fair values of the Company’s financial instruments are presented in the following table. Fair values for September 30, 2023 and December 31, 2022 were estimated using an exit price notion. September 30, 2023 Carrying Amount Fair Value Fair Value Measurements Description of Asset (dollars in thousands) Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 108,709 $ 108,709 $ 108,709 $ — $ — Investment securities - AFS 79,143 79,143 — 79,143 — Investment securities - HTM, net 523,051 445,652 — 445,652 — Equity securities 5,434 5,434 — 5,434 — Restricted securities 13,361 13,361 — 13,361 — Loans held for sale 14,725 14,725 — 14,725 — TBA derivatives trades 359 359 — 359 — Cash surrender value on life insurance 100,950 100,950 — 100,950 — Loans, at fair value 9,302 9,302 — 9,302 — Loans, net 4,551,366 4,425,585 — — 4,425,585 MSRs 5,890 5,890 — — 5,890 IRLCs 89 89 — — 89 Liabilities Deposits: Noninterest-bearing demand $ 1,211,401 $ 1,211,401 $ — $ 1,211,401 $ — Checking plus interest 1,210,052 1,210,052 — 1,210,052 — Money Market 1,179,049 1,179,049 — 1,179,049 — Savings 370,049 370,049 — 370,049 — Club 1,706 1,706 — 1,706 — Certificates of Deposit 1,136,488 1,124,904 — 1,124,904 — Subordinated debt 42,956 41,503 — 41,503 — TRUPS 29,079 27,364 — 27,364 — IRLCs 50 50 — — 50 See the Company’s methodologies disclosed in Note 21 of the Company’s 2022 Annual Report for the fair value methodologies used as of December 31, 2022: December 31, 2022 Carrying Amount Fair Value Fair Value Measurements Description of Asset (dollars in thousands) Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 55,499 $ 55,499 $ 55,499 $ — $ — Investment securities - AFS 83,587 83,587 — 83,587 — Investment securities - HTM 559,455 494,626 — 494,626 — Equity securities 1,233 1,233 — 1,233 — Restricted securities 11,169 11,169 — 11,169 — Loans held for sale 4,248 4,248 — 4,248 — TBA securities 41 41 — 41 — Cash surrender value on life insurance 59,218 59,218 — 59,218 — Loans, at fair value 8,437 8,437 — 8,437 — Loans, net 2,531,027 2,431,808 — — 2,431,808 MSRs 5,275 5,275 — — 5,275 IRLCs 35 35 — — 35 Liabilities Deposits: Noninterest-bearing demand $ 862,015 $ 862,015 $ — $ 862,015 $ — Checking plus interest 694,101 694,101 — 694,101 — Money Market 709,132 709,132 — 709,132 — Savings 319,814 319,814 — 319,814 — Club 374 374 — 374 — Certificates of Deposit 424,348 410,455 — 410,455 — Advances from FHLB - short term 40,000 40,002 — 40,002 — Subordinated debt 43,072 41,193 — 41,193 — TBA Securities 6 6 — 6 — IRLCs 7 7 — — 7

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Schedule of Commitments Outstanding	The following table provides information on commitments outstanding at September 30, 2023 and December 31, 2022. (Dollars in thousands) September 30, 2023 December 31, 2022 Commitments to extend credit $ 618,628 $ 406,353 Letters of credit 28,896 8,009 Total $ 647,524 $ 414,362

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2023
Earnings Per Share [Abstract]
Schedule of Earnings Per Common Share, Basic and Diluted	The following table provides information relating to the calculation of earnings per common share. Three Months Ended September 30, Nine Months Ended September 30, (In thousands, except per share data) 2023 2022 2023 2022 Net (Loss)/Income $ (6,384) $ 9,658 $ 4,091 $ 22,769 Average number of common shares outstanding 33,129 19,852 24,354 19,842 Dilutive effect of common stock equivalents — — — — Average number of shares used to calculate diluted EPS 33,129 19,852 24,354 19,842 Anti-dilutive shares 219 — 219 — Earnings per common share Basic $ (0.19) $ 0.49 $ 0.17 $ 1.15 Diluted $ (0.19) $ 0.49 $ 0.17 $ 1.15

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Sep. 30, 2023
Revenue from Contract with Customer [Abstract]
Schedule Of Noninterest Income, Segregated By Revenue Streams In-Scope And Out-Of-Scope Of Topic 606	The following presents noninterest income, segregated by revenue streams in-scope and out-of-scope of Topic 606, for the three and nine months ended September 30, 2023 and 2022. Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands) 2023 2022 2023 2022 Noninterest Income In-scope of Topic 606: Service charges on deposit accounts $ 1,505 $ 1,509 $ 3,981 $ 4,306 Trust and investment fee income 1,933 421 2,764 1,383 Interchange income 1,557 1,241 4,081 3,532 Title Company revenue 89 397 412 1,146 Other noninterest income 1,266 494 2,212 1,495 Noninterest Income (in-scope of Topic 606) 6,350 4,062 13,450 11,862 Noninterest Income (out-of-scope of Topic 606) 11,987 1,282 15,516 5,362 Total Noninterest Income $ 18,337 $ 5,344 $ 28,966 $ 17,224

Adoption of Accounting Standa_3

Adoption of Accounting Standards (Narrative) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Decrease in opening retained earnings	$ (504,931,000)	$ (357,221,000)	$ (504,931,000)	$ (357,221,000)	$ (363,140,000)	$ (361,638,000)	$ (364,285,000)	$ (352,777,000)	$ (351,864,000)	$ (350,693,000)
Amount of allowance for credit loss on accrued interest on financing receivable	0		0
Amount, after allowance for credit loss, of accrued interest	13,600,000		13,600,000
Provision for credit losses	28,176,000	675,000	30,056,000	1,475,000
Unfunded Commitments
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Provision for credit losses	241,000		308,000
Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Decrease in opening retained earnings	(159,134,000)	$ (165,590,000)	(159,134,000)	$ (165,590,000)	$ (169,494,000)	$ (167,864,000)	(171,613,000)	$ (158,316,000)	$ (153,198,000)	$ (149,966,000)
Cumulative effect adjustment due to the adoption of ASC 326, net of tax
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Decrease in opening retained earnings							7,818,000
Cumulative effect adjustment due to the adoption of ASC 326, net of tax | Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Decrease in opening retained earnings							$ 7,818,000
Other
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Available for sale debt securities and has included such accrued interest	$ 2,000,000		$ 2,000,000

Adoption of Accounting Standa_4

Adoption of Accounting Standards (Impact of Adoption of ASC 326) (Details) - USD ($) $ in Thousands	Jul. 01, 2023	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Loans		$ 4,617,719		$ 2,556,107
Less: allowance for credit losses	$ (36,361)	(57,051)	$ (29,014)	(16,643)	$ (16,277)	$ (15,483)	$ (13,944)
Loans, net		4,560,668		2,539,464
Liabilities: Reserve for Unfunded Commitments				316
Impact of methodology change	7,347
Construction
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Loans		328,750		246,319
Less: allowance for credit losses	(2,419)	(3,831)	(2,386)	(2,973)	(3,032)	(3,345)	(2,454)
Impact of methodology change	33
Residential real estate
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Loans		1,439,464		810,497
Less: allowance for credit losses	(13,167)	(19,175)	(9,151)	(2,622)	(3,008)	(2,778)	(2,858)
Impact of methodology change	4,016
Commercial real estate
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Loans		2,283,521		1,065,409
Less: allowance for credit losses	(11,332)	(22,800)	(10,267)	(4,899)	(5,009)	(4,441)	(4,598)
Impact of methodology change	1,065
Commercial
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Loans		229,474		147,856
Less: allowance for credit losses	(2,398)	(4,337)	(1,956)	(1,652)	(1,907)	(1,681)	(2,070)
Impact of methodology change	442
Consumer
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Loans		330,411		286,026
Less: allowance for credit losses	(7,045)	$ (6,856)	$ (5,254)	(4,497)	$ (3,321)	$ (3,238)	$ (1,964)
Impact of methodology change	$ 1,791
As Reported Under ASC 326
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Loans				2,556,267
Less: allowance for credit losses				(27,434)
Loans, net				2,528,833
Liabilities: Reserve for Unfunded Commitments				581
Change
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Loans				160
Less: allowance for credit losses				(10,791)
Loans, net				(10,631)
Liabilities: Reserve for Unfunded Commitments				265
Change | Construction
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Less: allowance for credit losses				(1,222)
Change | Residential real estate
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Less: allowance for credit losses				(4,974)
Change | Commercial real estate
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Less: allowance for credit losses				(3,742)
Change | Commercial
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Less: allowance for credit losses				(401)
Change | Consumer
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Less: allowance for credit losses				$ (452)

Adoption of Accounting Standa_5

Adoption of Accounting Standards (Impact from Change In Methodology) (Details) - USD ($) $ in Thousands	Jul. 01, 2023	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
Loan Receivables:
Allowance for credit losses on loans	$ 36,361	$ 57,051	$ 29,014	$ 16,643	$ 16,277	$ 15,483	$ 13,944
Impact of methodology change	7,347
Construction
Loan Receivables:
Allowance for credit losses on loans	2,419	3,831	2,386	2,973	3,032	3,345	2,454
Impact of methodology change	33
Residential real estate
Loan Receivables:
Allowance for credit losses on loans	13,167	19,175	9,151	2,622	3,008	2,778	2,858
Impact of methodology change	4,016
Commercial real estate
Loan Receivables:
Allowance for credit losses on loans	11,332	22,800	10,267	4,899	5,009	4,441	4,598
Impact of methodology change	1,065
Commercial
Loan Receivables:
Allowance for credit losses on loans	2,398	4,337	1,956	1,652	1,907	1,681	2,070
Impact of methodology change	442
Consumer
Loan Receivables:
Allowance for credit losses on loans	7,045	$ 6,856	$ 5,254	$ 4,497	$ 3,321	$ 3,238	$ 1,964
Impact of methodology change	$ 1,791

Business Combinations (Narrativ

Business Combinations (Narrative) (Details) $ / shares in Units, $ in Thousands		3 Months Ended		9 Months Ended
	Jul. 01, 2023 USD ($) loan $ / shares shares	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Jun. 30, 2023 $ / shares
Business Combination, Separately Recognized Transactions [Line Items]
Provisional bargain purchase gain		$ (12,169)	$ 0	$ (12,169)	$ 0
The Community Financial Corporation
Business Combination, Separately Recognized Transactions [Line Items]
Equity shares issued per acquiree share | shares	2.3287
Consideration transferred	$ 153,592
Shares issued (in shares) | shares	13,201,693
Share price (dollars per share) | $ / shares	$ 11.56					$ 11.56
Gross loans	$ 1,900,000
Non-PCD loans acquired | loan	3,858
PCD loans acquired | loan	323
Loan, effect of valuation	$ 120,900
Provisional bargain purchase gain	$ (12,169)

Business Combinations (Schedule

Business Combinations (Schedule of Business Acquisitions) (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		9 Months Ended
	Jul. 01, 2023	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Jun. 30, 2023
Identifiable Liabilities
Provisional bargain purchase gain		$ (12,169)	$ 0	$ (12,169)	$ 0
Subordinated Debt
Identifiable Liabilities
Long-term debt, gross		$ 44,500	$ 25,000	$ 44,500	$ 25,000
TCFC Debt | Subordinated Debt
Identifiable Liabilities
Long-term debt, gross	$ 500,000
The Community Financial Corporation
Business Combination, Description [Abstract]
Effective settlement of pre-existing debt	500
Cash consideration (cash in lieu for fractional shares)	5
Total purchase price	153,592
Identifiable assets:
Cash and cash equivalents	25,377
Total securities	454,468
Loans, net	1,765,255
Premises and equipment, net	29,277
Core deposit intangible, net	48,648
Other assets	93,161
Total identifiable assets	2,416,186
Identifiable Liabilities
Deposits	2,131,141
Total debt	97,545
Other liabilities	21,739
Total identifiable liabilities	2,250,425
Provisional fair value of net assets acquired	165,761
Provisional bargain purchase gain	$ (12,169)
Share price (dollars per share)	$ 11.56					$ 11.56
Common Stock | The Community Financial Corporation
Business Combination, Description [Abstract]
Equity interests	$ 152,612
Restricted Stock Units (RSUs) | The Community Financial Corporation
Business Combination, Description [Abstract]
Equity interests	$ 475

Investment Securities (Activity

Investment Securities (Activity in the ACL on held-to maturity securities) (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023
Activity in the ACL on held-to maturity securities
Balance, beginning of period	$ 163	$ 0
Other debt securities, provision for credit losses	(37)	126
Balance, end of Period	$ 126	$ 126

Investment Securities (Narrativ

Investment Securities (Narrative) (Details)	3 Months Ended			9 Months Ended
	Sep. 30, 2023 USD ($) security	Sep. 30, 2023 USD ($) security	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($) security	Sep. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)
Schedule of Investments [Line Items]
Other debt securities, provision for credit losses		$ (37,000)		$ 126,000
Available for sale securities sold		0	$ 0	0	$ 0
Equity securities, at fair value	$ 5,434,000	5,434,000		5,434,000		$ 1,233,000
Fair value adjustment through earnings				4,091,000	22,769,000
Held-to-maturity securities	$ 523,051,000	$ 523,051,000		$ 523,051,000		559,455,000
Available-for-sale debt securities, unrealized loss, number of positions | security	116	116		116
Available-for-sale securities, continuous unrealized loss position, unrealized losses	$ 13,939,000	$ 13,939,000		$ 13,939,000		12,419,000
Debt Securities, available-for-sale, impairment loss				0
Securities past due or on nonaccrual	0	0		0
Held-to-maturity, amortized cost	523,177,000	523,177,000		523,177,000		559,455,000
Available-for-sale, amortized cost	93,052,000	93,052,000		93,052,000		95,999,000
Proceeds from the sale of acquired AFS securities	430,000,000			434,215,000	0
Loss on sale	2,200,000
Total
Schedule of Investments [Line Items]
Held-to-maturity, amortized cost	180,700,000	180,700,000		180,700,000		19,200,000
Available-for-sale, amortized cost	53,300,000	53,300,000		53,300,000		72,100,000
Speculative
Schedule of Investments [Line Items]
Held-to-maturity securities	0	0		0		0
Revision of Prior Period, Change in Accounting Principle, Adjustment [Member]
Schedule of Investments [Line Items]
Fair value adjustment through earnings				(300,000)	$ (100,000)
Mortgage-backed-residential
Schedule of Investments [Line Items]
Available-for-sale securities, continuous unrealized loss position, unrealized losses	9,798,000	9,798,000		9,798,000		8,666,000
Held-to-maturity, amortized cost	367,712,000	367,712,000		367,712,000		398,884,000
U.S. Government agencies
Schedule of Investments [Line Items]
Available-for-sale securities, continuous unrealized loss position, unrealized losses	3,995,000	3,995,000		3,995,000		3,625,000
Held-to-maturity, amortized cost	143,494,000	143,494,000		143,494,000		148,097,000
Other debt securities
Schedule of Investments [Line Items]
Available-for-sale securities, continuous unrealized loss position, unrealized losses	146,000	146,000		146,000		128,000
Held-to-maturity, amortized cost	$ 10,500,000	$ 10,500,000		$ 10,500,000		$ 11,000,000

Investment Securities (Amortize

Investment Securities (Amortized Cost and Estimated Fair Values of Investment Securities) (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Available-for-sale securities:
Amortized Cost	$ 93,052		$ 95,999
Gross Unrealized Gains	30		7
Gross Unrealized Losses	13,939		12,419
Investment securities - AFS	79,143		83,587
Held-to-maturity securities:
Amortized Cost	523,177		559,455
Gross Unrealized Gains	2		35
Gross Unrealized Losses	77,527		64,863
Estimated Fair Value	445,652		494,627
Allowance for Credit Losses	126	$ 163	0
U.S. Government agencies
Available-for-sale securities:
Amortized Cost	23,622		21,798
Gross Unrealized Gains	4		5
Gross Unrealized Losses	3,995		3,625
Investment securities - AFS	19,631		18,178
Held-to-maturity securities:
Amortized Cost	143,494		148,097
Gross Unrealized Gains	0		0
Gross Unrealized Losses	14,873		13,601
Estimated Fair Value	128,621		134,496
Allowance for Credit Losses	0		0
Mortgage-backed-residential
Available-for-sale securities:
Amortized Cost	63,371		72,183
Gross Unrealized Gains	0		2
Gross Unrealized Losses	9,798		8,666
Investment securities - AFS	53,573		63,519
Held-to-maturity securities:
Amortized Cost	367,712		398,884
Gross Unrealized Gains	0		0
Gross Unrealized Losses	61,177		50,464
Estimated Fair Value	306,535		348,420
Allowance for Credit Losses	0		0
Other debt securities
Available-for-sale securities:
Amortized Cost	6,059		2,018
Gross Unrealized Gains	26		0
Gross Unrealized Losses	146		128
Investment securities - AFS	5,939		1,890
Held-to-maturity securities:
Amortized Cost	10,500		11,000
Gross Unrealized Gains	0		0
Gross Unrealized Losses	1,409		770
Estimated Fair Value	9,091		10,230
Allowance for Credit Losses	126		0
States and political subdivisions
Held-to-maturity securities:
Amortized Cost	1,471		1,474
Gross Unrealized Gains	2		35
Gross Unrealized Losses	68		28
Estimated Fair Value	1,405		1,481
Allowance for Credit Losses	$ 0		$ 0

Investment Securities (Credit Q

Investment Securities (Credit Quality Information) (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	$ 523,177	$ 559,455
Aaa
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	511,206
Aa1
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	1,471
A3
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	4,000
Baa1
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	4,000
Baa2
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	500
NR
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	2,000
U.S. Government agencies
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	143,494	148,097
U.S. Government agencies | Aaa
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	143,494
U.S. Government agencies | Aa1
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	0
U.S. Government agencies | A3
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	0
U.S. Government agencies | Baa1
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	0
U.S. Government agencies | Baa2
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	0
U.S. Government agencies | NR
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	0
Mortgage-backed-residential
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	367,712	398,884
Mortgage-backed-residential | Aaa
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	367,712
Mortgage-backed-residential | Aa1
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	0
Mortgage-backed-residential | A3
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	0
Mortgage-backed-residential | Baa1
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	0
Mortgage-backed-residential | Baa2
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	0
Mortgage-backed-residential | NR
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	0
States and political subdivisions
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	1,471	1,474
States and political subdivisions | Aaa
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	0
States and political subdivisions | Aa1
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	1,471
States and political subdivisions | A3
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	0
States and political subdivisions | Baa1
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	0
States and political subdivisions | Baa2
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	0
States and political subdivisions | NR
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	0
Other debt securities
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	10,500	$ 11,000
Other debt securities | Aaa
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	0
Other debt securities | Aa1
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	0
Other debt securities | A3
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	4,000
Other debt securities | Baa1
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	4,000
Other debt securities | Baa2
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	500
Other debt securities | NR
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	$ 2,000

Investment Securities (Gross Un

Investment Securities (Gross Unrealized Losses and Fair Value by Length of Continuous Unrealized Loss Position) (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Available-for-sale securities:
Fair value, less than 12 months	$ 1,029	$ 32,180
Unrealized losses, less than 12 months	5	2,541
Fair value, more than 12 months	71,358	50,752
Unrealized losses, more than 12 months	13,934	9,878
Fair Value	72,387	82,932
Unrealized Losses	13,939	12,419
Held-to-maturity securities:
Fair value, less than 12 months		224,974
Unrealized losses, less than 12 months		12,625
Fair value, more than 12 months		268,951
Unrealized losses, more than 12 months		52,238
Fair Value		493,925
Unrealized Losses		64,863
U.S. Government agencies
Available-for-sale securities:
Fair value, less than 12 months	596	1,165
Unrealized losses, less than 12 months	1	4
Fair value, more than 12 months	16,352	16,585
Unrealized losses, more than 12 months	3,994	3,621
Fair Value	16,948	17,750
Unrealized Losses	3,995	3,625
Held-to-maturity securities:
Fair value, less than 12 months		67,332
Unrealized losses, less than 12 months		2,786
Fair value, more than 12 months		67,163
Unrealized losses, more than 12 months		10,815
Fair Value		134,495
Unrealized Losses		13,601
Mortgage-backed-residential
Available-for-sale securities:
Fair value, less than 12 months	433	29,125
Unrealized losses, less than 12 months	4	2,409
Fair value, more than 12 months	53,140	34,167
Unrealized losses, more than 12 months	9,794	6,257
Fair Value	53,573	63,292
Unrealized Losses	9,798	8,666
Held-to-maturity securities:
Fair value, less than 12 months		148,771
Unrealized losses, less than 12 months		9,402
Fair value, more than 12 months		199,649
Unrealized losses, more than 12 months		41,062
Fair Value		348,420
Unrealized Losses		50,464
Other debt securities
Available-for-sale securities:
Fair value, less than 12 months	0	1,890
Unrealized losses, less than 12 months	0	128
Fair value, more than 12 months	1,866	0
Unrealized losses, more than 12 months	146	0
Fair Value	1,866	1,890
Unrealized Losses	$ 146	128
Held-to-maturity securities:
Fair value, less than 12 months		8,091
Unrealized losses, less than 12 months		409
Fair value, more than 12 months		2,139
Unrealized losses, more than 12 months		361
Fair Value		10,230
Unrealized Losses		770
States and political subdivisions
Held-to-maturity securities:
Fair value, less than 12 months		780
Unrealized losses, less than 12 months		28
Fair value, more than 12 months		0
Unrealized losses, more than 12 months		0
Fair Value		780
Unrealized Losses		$ 28

Investment Securities (Amorti_2

Investment Securities (Amortized Cost and Estimated Fair Value by Maturity Date) (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Amortized Cost
Due in one year or less	$ 2,478
Due after one year through five years	16,520
Due after five years through ten years	31,108
Due after ten years	42,946
Amortized Cost	93,052	$ 95,999
Fair Value
Due in one year or less	2,479
Due after one year through five years	15,113
Due after five years through ten years	27,144
Due after ten years	34,407
Total	79,143	83,587
Amortized Cost
Due in one year or less	7,000
Due after one year through five years	119,922
Due after five years through ten years	52,517
Due after ten years	343,738
Amortized Cost	523,177	559,455
Fair Value
Due in one year or less	6,873
Due after one year through five years	110,186
Due after five years through ten years	45,947
Due after ten years	282,646
Total	$ 445,652	$ 494,627

Loans and Allowance for Credi_3

Loans and Allowance for Credit Losses (Narrative) (Details) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2023 USD ($)	Sep. 30, 2022 contract	Sep. 30, 2023 USD ($) property	Sep. 30, 2022 contract	Dec. 31, 2022 USD ($) property	Jul. 01, 2023 USD ($)
Loan Receivables:
Loans, net	$ 4,560,668		$ 4,560,668		$ 2,539,464
Modifications	0		0
Consumer mortgage loans					18
Number of contracts | contract		0		0
TDRs | contract		0		0
Federal National Mortgage Association (FNMA) [Member]
Loan Receivables:
Loans, net	361,800		361,800
Federal Home Loan Mortgage Corporation (FHLMC) [Member]
Loan Receivables:
Loans, net	100,800		100,800
Residential real estate
Loan Receivables:
Consumer mortgage loans	700		$ 700		$ 300
Number of residential real estate property | property			0		1
Northwest Bank Branches
Loan Receivables:
Fees	2,000		$ 2,000		$ 1,400
Severn Bancorp, Inc.
Loan Receivables:
Loans acquired as part of acquisition	307,800		307,800		372,200
Loans acquired, net of related discount	4,900		4,900		$ 6,700
The Community Financial Corporation
Loan Receivables:
Loans acquired, net of related discount	$ 109,800		$ 109,800
Business combination, loan acquired						$ 1,700,000

Loans and Allowance for Credi_4

Loans and Allowance for Credit Losses (Loans by Class of Loan Portfolio) (Details) $ in Thousands	Sep. 30, 2023 USD ($)	Jul. 01, 2023 USD ($)	Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)	Sep. 30, 2022 USD ($)	Jun. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
Financing Receivable, Past Due [Line Items]
Loans	$ 4,617,719			$ 2,556,107
% of Total Loans	1			1
Less: allowance for credit losses	$ (57,051)	$ (36,361)	$ (29,014)	$ (16,643)	$ (16,277)	$ (15,483)	$ (13,944)
Loans, net	4,560,668			2,539,464
Construction
Financing Receivable, Past Due [Line Items]
Loans	$ 328,750			$ 246,319
% of Total Loans	0.0712			0.0964
Less: allowance for credit losses	$ (3,831)	(2,419)	(2,386)	$ (2,973)	(3,032)	(3,345)	(2,454)
Residential real estate
Financing Receivable, Past Due [Line Items]
Loans	$ 1,439,464			$ 810,497
% of Total Loans	0.3117			0.3171
Less: allowance for credit losses	$ (19,175)	(13,167)	(9,151)	$ (2,622)	(3,008)	(2,778)	(2,858)
Commercial real estate
Financing Receivable, Past Due [Line Items]
Loans	$ 2,283,521			$ 1,065,409
% of Total Loans	0.4945			0.4168
Less: allowance for credit losses	$ (22,800)	(11,332)	(10,267)	$ (4,899)	(5,009)	(4,441)	(4,598)
Commercial
Financing Receivable, Past Due [Line Items]
Loans	$ 229,474			$ 147,856
% of Total Loans	0.0497			0.0578
Less: allowance for credit losses	$ (4,337)	(2,398)	(1,956)	$ (1,652)	(1,907)	(1,681)	(2,070)
Consumer
Financing Receivable, Past Due [Line Items]
Loans	$ 330,411			$ 286,026
% of Total Loans	0.0716			0.1119
Less: allowance for credit losses	$ (6,856)	$ (7,045)	(5,254)	$ (4,497)	$ (3,321)	$ (3,238)	$ (1,964)
Credit Cards
Financing Receivable, Past Due [Line Items]
Loans	$ 6,099			$ 0
% of Total Loans	0.0013			0
Less: allowance for credit losses	$ (52)		$ 0	$ 0

Loans and Allowance for Credi_5

Loans and Allowance for Credit Losses (Schedule of acquired loans in TCFC acquisition) (Details) - The Community Financial Corporation $ in Thousands	Jul. 01, 2023 USD ($)
Loan Receivables:
Par Value	$ 67,990
Purchase Discount	(8,270)
Allowance	(1,513)
Purchase Price	58,207
Construction
Loan Receivables:
Par Value	177
Purchase Discount	(11)
Allowance	(3)
Purchase Price	163
Residential real estate
Loan Receivables:
Par Value	8,379
Purchase Discount	(1,157)
Allowance	(215)
Purchase Price	7,007
Commercial real estate
Loan Receivables:
Par Value	55,779
Purchase Discount	(6,864)
Allowance	(985)
Purchase Price	47,930
Commercial
Loan Receivables:
Par Value	2,137
Purchase Discount	(59)
Allowance	(278)
Purchase Price	1,800
Consumer
Loan Receivables:
Par Value	519
Purchase Discount	(35)
Allowance	(14)
Purchase Price	470
Credit Cards
Loan Receivables:
Par Value	999
Purchase Discount	(144)
Allowance	(18)
Purchase Price	$ 837

Loans and Allowance for Credi_6

Loans and Allowance for Credit Losses (Nonaccrual loans by loan class) (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2023 USD ($)
Nonaccrual loans:
Non-accrual with no allowance for credit loss	$ 7,993
Non-accrual with an allowance for credit loss	989
Total Non-accruals	8,982
Interest income, non-accrual with no allowance for credit loss	0
Interest income, non-accrual with an allowance for credit loss	0
Interest income, total non-accruals	0
Non-accrual Delinquent Loans	3,376
Non-accrual Current Loans	5,606
Total Non-accruals	8,982
Construction
Nonaccrual loans:
Non-accrual with no allowance for credit loss	147
Non-accrual with an allowance for credit loss	0
Total Non-accruals	147
Non-accrual Delinquent Loans	147
Non-accrual Current Loans	0
Total Non-accruals	147
Residential real estate
Nonaccrual loans:
Non-accrual with no allowance for credit loss	3,603
Non-accrual with an allowance for credit loss	299
Total Non-accruals	3,902
Non-accrual Delinquent Loans	2,258
Non-accrual Current Loans	1,644
Total Non-accruals	3,902
Commercial real estate
Nonaccrual loans:
Non-accrual with no allowance for credit loss	3,866
Non-accrual with an allowance for credit loss	0
Total Non-accruals	3,866
Non-accrual Delinquent Loans	749
Non-accrual Current Loans	3,117
Total Non-accruals	3,866
Commercial
Nonaccrual loans:
Non-accrual with no allowance for credit loss	174
Non-accrual with an allowance for credit loss	671
Total Non-accruals	845
Non-accrual Delinquent Loans	1
Non-accrual Current Loans	844
Total Non-accruals	845
Consumer
Nonaccrual loans:
Non-accrual with no allowance for credit loss	203
Non-accrual with an allowance for credit loss	19
Total Non-accruals	222
Non-accrual Delinquent Loans	221
Non-accrual Current Loans	1
Total Non-accruals	$ 222

Loans and Allowance for Credi_7

Loans and Allowance for Credit Losses (Loan risk ratings) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Credit quality categories
Prior	$ 1,088,954		$ 1,088,954
2019	280,670		280,670
2020	470,293		470,293
2021	854,131		854,131
2022	1,116,583		1,116,583
2023	589,324		589,324
Revolving Loans	212,330		212,330
Revolving Converted to Term Loans	5,434		5,434
Total	4,617,719		4,617,719		$ 2,556,107
Total gross charge-offs	(1,502)	$ (202)	(1,786)	$ (457)
Loans Evaluated By Performing Status
Credit quality categories
Prior	0		0
2019	0		0
2020	0		0
2021	0		0
2022	0		0
2023	0		0
Revolving Loans	6,099		6,099
Revolving Converted to Term Loans	0		0
Total	6,099		6,099
Total gross charge-offs			(60)
Current period gross charge-offs
Gross charge-offs, prior			0
Gross charge-offs, 2019			0
Gross charge-offs, 2020			0
Gross charge-offs, 2021			0
Gross charge-offs, 2022			0
Gross charge-offs, 2023			0
Revolving Loans			(60)
Revolving Converted to Term Loans			0
Total loans by risk category
Credit quality categories
Prior	1,088,954		1,088,954
2019	280,670		280,670
2020	470,293		470,293
2021	854,131		854,131
2022	1,116,583		1,116,583
2023	589,324		589,324
Revolving Loans	206,231		206,231
Revolving Converted to Term Loans	5,434		5,434
Total	4,611,620		4,611,620
Total gross charge-offs			(1,726)
Current period gross charge-offs
Gross charge-offs, prior			(558)
Gross charge-offs, 2019			0
Gross charge-offs, 2020			(830)
Gross charge-offs, 2021			(3)
Gross charge-offs, 2022			(1)
Gross charge-offs, 2023			(328)
Revolving Loans			(1)
Revolving Converted to Term Loans			(5)
Pass
Credit quality categories
Prior	1,067,888		1,067,888
2019	278,121		278,121
2020	470,293		470,293
2021	846,823		846,823
2022	1,112,007		1,112,007
2023	589,324		589,324
Revolving Loans	205,011		205,011
Revolving Converted to Term Loans	4,719		4,719
Total	4,574,186		4,574,186
Special Mention
Credit quality categories
Prior	14,109		14,109
2019	400		400
2020	0		0
2021	6,624		6,624
2022	4,475		4,475
2023	0		0
Revolving Loans	268		268
Revolving Converted to Term Loans	669		669
Total	26,545		26,545
Substandard
Credit quality categories
Prior	6,957		6,957
2019	2,149		2,149
2020	0		0
2021	684		684
2022	101		101
2023	0		0
Revolving Loans	952		952
Revolving Converted to Term Loans	46		46
Total	10,889		10,889
Construction
Credit quality categories
Prior	27,381		27,381
2019	14,732		14,732
2020	29,531		29,531
2021	40,505		40,505
2022	135,418		135,418
2023	72,852		72,852
Revolving Loans	8,331		8,331
Revolving Converted to Term Loans	0		0
Total	328,750		328,750
Total gross charge-offs			0
Current period gross charge-offs
Gross charge-offs, prior			0
Gross charge-offs, 2019			0
Gross charge-offs, 2020			0
Gross charge-offs, 2021			0
Gross charge-offs, 2022			0
Gross charge-offs, 2023			0
Revolving Loans			0
Revolving Converted to Term Loans			0
Construction | Pass
Credit quality categories
Prior	27,243		27,243
2019	14,732		14,732
2020	29,531		29,531
2021	40,493		40,493
2022	135,418		135,418
2023	72,852		72,852
Revolving Loans	8,331		8,331
Revolving Converted to Term Loans	0		0
Total	328,600		328,600
Construction | Substandard
Credit quality categories
Prior	138		138
2019	0		0
2020	0		0
2021	12		12
2022	0		0
2023	0		0
Revolving Loans	0		0
Revolving Converted to Term Loans	0		0
Total	150		150
Residential real estate
Credit quality categories
Prior	335,544		335,544
2019	55,347		55,347
2020	107,259		107,259
2021	248,445		248,445
2022	355,912		355,912
2023	218,563		218,563
Revolving Loans	117,518		117,518
Revolving Converted to Term Loans	876		876
Total	1,439,464		1,439,464		810,497
Total gross charge-offs	0	0	0	(4)
Current period gross charge-offs
Gross charge-offs, prior			0
Gross charge-offs, 2019			0
Gross charge-offs, 2020			0
Gross charge-offs, 2021			0
Gross charge-offs, 2022			0
Gross charge-offs, 2023			0
Revolving Loans			0
Revolving Converted to Term Loans			0
Residential real estate | Pass
Credit quality categories
Prior	330,183		330,183
2019	55,088		55,088
2020	107,259		107,259
2021	248,445		248,445
2022	355,912		355,912
2023	218,563		218,563
Revolving Loans	116,868		116,868
Revolving Converted to Term Loans	876		876
Total	1,433,194		1,433,194
Residential real estate | Special Mention
Credit quality categories
Prior	41		41
2019	259		259
2020	0		0
2021	0		0
2022	0		0
2023	0		0
Revolving Loans	192		192
Revolving Converted to Term Loans	0		0
Total	492		492
Residential real estate | Substandard
Credit quality categories
Prior	5,320		5,320
2019	0		0
2020	0		0
2021	0		0
2022	0		0
2023	0		0
Revolving Loans	458		458
Revolving Converted to Term Loans	0		0
Total	5,778		5,778
Commercial real estate
Credit quality categories
Prior	699,413		699,413
2019	194,867		194,867
2020	302,597		302,597
2021	437,647		437,647
2022	434,689		434,689
2023	195,260		195,260
Revolving Loans	16,420		16,420
Revolving Converted to Term Loans	2,628		2,628
Total	2,283,521		2,283,521		1,065,409
Total gross charge-offs	(1,327)	0	(1,327)	(6)
Current period gross charge-offs
Gross charge-offs, prior			(513)
Gross charge-offs, 2019			0
Gross charge-offs, 2020			(814)
Gross charge-offs, 2021			0
Gross charge-offs, 2022			0
Gross charge-offs, 2023			0
Revolving Loans			0
Revolving Converted to Term Loans			0
Commercial real estate | Pass
Credit quality categories
Prior	683,984		683,984
2019	192,789		192,789
2020	302,597		302,597
2021	430,908		430,908
2022	430,214		430,214
2023	195,260		195,260
Revolving Loans	16,420		16,420
Revolving Converted to Term Loans	2,202		2,202
Total	2,254,374		2,254,374
Commercial real estate | Special Mention
Credit quality categories
Prior	13,931		13,931
2019	141		141
2020	0		0
2021	6,184		6,184
2022	4,475		4,475
2023	0		0
Revolving Loans	0		0
Revolving Converted to Term Loans	426		426
Total	25,157		25,157
Commercial real estate | Substandard
Credit quality categories
Prior	1,498		1,498
2019	1,937		1,937
2020	0		0
2021	555		555
2022	0		0
2023	0		0
Revolving Loans	0		0
Revolving Converted to Term Loans	0		0
Total	3,990		3,990
Commercial
Credit quality categories
Prior	25,934		25,934
2019	14,440		14,440
2020	15,332		15,332
2021	43,649		43,649
2022	40,360		40,360
2023	24,582		24,582
Revolving Loans	63,247		63,247
Revolving Converted to Term Loans	1,930		1,930
Total	229,474		229,474		147,856
Total gross charge-offs	0	(202)	0	(416)
Current period gross charge-offs
Gross charge-offs, prior			0
Gross charge-offs, 2019			0
Gross charge-offs, 2020			0
Gross charge-offs, 2021			0
Gross charge-offs, 2022			0
Gross charge-offs, 2023			0
Revolving Loans			0
Revolving Converted to Term Loans			0
Commercial | Pass
Credit quality categories
Prior	25,796		25,796
2019	14,254		14,254
2020	15,332		15,332
2021	43,209		43,209
2022	40,337		40,337
2023	24,582		24,582
Revolving Loans	62,679		62,679
Revolving Converted to Term Loans	1,641		1,641
Total	227,830		227,830
Commercial | Special Mention
Credit quality categories
Prior	137		137
2019	0		0
2020	0		0
2021	440		440
2022	0		0
2023	0		0
Revolving Loans	75		75
Revolving Converted to Term Loans	243		243
Total	895		895
Commercial | Substandard
Credit quality categories
Prior	1		1
2019	186		186
2020	0		0
2021	0		0
2022	23		23
2023	0		0
Revolving Loans	493		493
Revolving Converted to Term Loans	46		46
Total	749		749
Consumer
Credit quality categories
Prior	682		682
2019	1,284		1,284
2020	15,574		15,574
2021	83,885		83,885
2022	150,204		150,204
2023	78,067		78,067
Revolving Loans	715		715
Revolving Converted to Term Loans	0		0
Total	330,411		330,411		286,026
Total gross charge-offs	(115)	$ 0	(399)	$ (31)
Current period gross charge-offs
Gross charge-offs, prior			(45)
Gross charge-offs, 2019			0
Gross charge-offs, 2020			(16)
Gross charge-offs, 2021			(3)
Gross charge-offs, 2022			(1)
Gross charge-offs, 2023			(328)
Revolving Loans			(1)
Revolving Converted to Term Loans			(5)
Consumer | Pass
Credit quality categories
Prior	682		682
2019	1,258		1,258
2020	15,574		15,574
2021	83,768		83,768
2022	150,126		150,126
2023	78,067		78,067
Revolving Loans	713		713
Revolving Converted to Term Loans	0		0
Total	330,188		330,188
Consumer | Special Mention
Credit quality categories
Prior	0		0
2019	0		0
2020	0		0
2021	0		0
2022	0		0
2023	0		0
Revolving Loans	1		1
Revolving Converted to Term Loans	0		0
Total	1		1
Consumer | Substandard
Credit quality categories
Prior	0		0
2019	26		26
2020	0		0
2021	117		117
2022	78		78
2023	0		0
Revolving Loans	1		1
Revolving Converted to Term Loans	0		0
Total	222		222
Credit Cards
Credit quality categories
Prior	0		0
2019	0		0
2020	0		0
2021	0		0
2022	0		0
2023	0		0
Revolving Loans	6,099		6,099
Revolving Converted to Term Loans	0		0
Total	6,099		6,099		$ 0
Total gross charge-offs	(60)		(60)
Current period gross charge-offs
Gross charge-offs, prior			0
Gross charge-offs, 2019			0
Gross charge-offs, 2020			0
Gross charge-offs, 2021			0
Gross charge-offs, 2022			0
Gross charge-offs, 2023			0
Revolving Loans			(60)
Revolving Converted to Term Loans			0
Credit Cards | Performing
Credit quality categories
Prior	0		0
2019	0		0
2020	0		0
2021	0		0
2022	0		0
2023	0		0
Revolving Loans	6,099		6,099
Revolving Converted to Term Loans	0		0
Total	6,099		6,099
Credit Cards | Non-Performing
Credit quality categories
Prior	0		0
2019	0		0
2020	0		0
2021	0		0
2022	0		0
2023	0		0
Revolving Loans	0		0
Revolving Converted to Term Loans	0		0
Total	$ 0		$ 0

Loans and Allowance for Credi_8

Loans and Allowance for Credit Losses (Aging of Past Due Financing Receivables) (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Financing Receivable, Past Due [Line Items]
Loans	$ 4,617,719	$ 2,556,107
Non-accrual Current Loans	$ 5,606	$ 1,908
Percent of total loans, nonaccrual	0.10%	0.10%
Percent of total loans, total loans	100%	100%
Loans, at fair value	$ 9,302	$ 8,437
Financial Asset Acquired with Credit Deterioration
Financing Receivable, Past Due [Line Items]
Loans		$ 26,642
Percent of total loans, total loans		1%
Current
Financing Receivable, Past Due [Line Items]
Loans	$ 4,598,092	$ 2,512,635
Percent of total loans, Current		98.30%
Percent of total loans, accrual	0.996
Total past due
Financing Receivable, Past Due [Line Items]
Loans	$ 14,021	$ 14,922
Percent of total loans, total past due	0.30%	0.60%
30‑59 days past due
Financing Receivable, Past Due [Line Items]
Loans	$ 5,613	$ 11,164
Percent of total loans, total past due	0.10%	0.40%
60‑89 days past due
Financing Receivable, Past Due [Line Items]
Loans	$ 3,480	$ 1,917
Percent of total loans, total past due	0.10%	0.10%
90 days past due and still accruing
Financing Receivable, Past Due [Line Items]
Loans	$ 2,149
Percent of total loans, total past due	0%
90 days past due and not accruing
Financing Receivable, Past Due [Line Items]
Loans	$ 2,779	$ 1,841
Percent of total loans, total past due	0%	0.10%
Construction
Financing Receivable, Past Due [Line Items]
Loans	$ 328,750	$ 246,319
Non-accrual Current Loans	0	297
Construction | Financial Asset Acquired with Credit Deterioration
Financing Receivable, Past Due [Line Items]
Loans		650
Construction | Current
Financing Receivable, Past Due [Line Items]
Loans	327,503	239,990
Construction | Total past due
Financing Receivable, Past Due [Line Items]
Loans	1,247	5,382
Construction | 30‑59 days past due
Financing Receivable, Past Due [Line Items]
Loans	1,035	4,343
Construction | 60‑89 days past due
Financing Receivable, Past Due [Line Items]
Loans	0	1,015
Construction | 90 days past due and still accruing
Financing Receivable, Past Due [Line Items]
Loans	65
Construction | 90 days past due and not accruing
Financing Receivable, Past Due [Line Items]
Loans	147	24
Residential real estate
Financing Receivable, Past Due [Line Items]
Loans	1,439,464	810,497
Non-accrual Current Loans	1,644	1,259
Residential real estate | Financial Asset Acquired with Credit Deterioration
Financing Receivable, Past Due [Line Items]
Loans		13,956
Residential real estate | Current
Financing Receivable, Past Due [Line Items]
Loans	1,431,994	787,070
Residential real estate | Total past due
Financing Receivable, Past Due [Line Items]
Loans	5,826	8,212
Residential real estate | 30‑59 days past due
Financing Receivable, Past Due [Line Items]
Loans	3,036	6,214
Residential real estate | 60‑89 days past due
Financing Receivable, Past Due [Line Items]
Loans	250	891
Residential real estate | 90 days past due and still accruing
Financing Receivable, Past Due [Line Items]
Loans	871
Residential real estate | 90 days past due and not accruing
Financing Receivable, Past Due [Line Items]
Loans	1,669	1,107
Commercial real estate
Financing Receivable, Past Due [Line Items]
Loans	2,283,521	1,065,409
Non-accrual Current Loans	3,117	150
Commercial real estate | Financial Asset Acquired with Credit Deterioration
Financing Receivable, Past Due [Line Items]
Loans		11,866
Commercial real estate | Current
Financing Receivable, Past Due [Line Items]
Loans	2,278,425	1,052,314
Commercial real estate | Total past due
Financing Receivable, Past Due [Line Items]
Loans	1,979	1,079
Commercial real estate | 30‑59 days past due
Financing Receivable, Past Due [Line Items]
Loans	785	369
Commercial real estate | 60‑89 days past due
Financing Receivable, Past Due [Line Items]
Loans	445	0
Commercial real estate | 90 days past due and still accruing
Financing Receivable, Past Due [Line Items]
Loans	0
Commercial real estate | 90 days past due and not accruing
Financing Receivable, Past Due [Line Items]
Loans	749	710
Commercial
Financing Receivable, Past Due [Line Items]
Loans	229,474	147,856
Non-accrual Current Loans	844	174
Commercial | Financial Asset Acquired with Credit Deterioration
Financing Receivable, Past Due [Line Items]
Loans		156
Commercial | Current
Financing Receivable, Past Due [Line Items]
Loans	228,527	147,511
Commercial | Total past due
Financing Receivable, Past Due [Line Items]
Loans	103	15
Commercial | 30‑59 days past due
Financing Receivable, Past Due [Line Items]
Loans	103	15
Commercial | 60‑89 days past due
Financing Receivable, Past Due [Line Items]
Loans	0	0
Commercial | 90 days past due and still accruing
Financing Receivable, Past Due [Line Items]
Loans	0
Commercial | 90 days past due and not accruing
Financing Receivable, Past Due [Line Items]
Loans	0	0
Consumer
Financing Receivable, Past Due [Line Items]
Loans	330,411	286,026
Non-accrual Current Loans	1	28
Consumer | Financial Asset Acquired with Credit Deterioration
Financing Receivable, Past Due [Line Items]
Loans		14
Consumer | Current
Financing Receivable, Past Due [Line Items]
Loans	325,699	285,750
Consumer | Total past due
Financing Receivable, Past Due [Line Items]
Loans	4,711	234
Consumer | 30‑59 days past due
Financing Receivable, Past Due [Line Items]
Loans	593	223
Consumer | 60‑89 days past due
Financing Receivable, Past Due [Line Items]
Loans	2,744	11
Consumer | 90 days past due and still accruing
Financing Receivable, Past Due [Line Items]
Loans	1,160
Consumer | 90 days past due and not accruing
Financing Receivable, Past Due [Line Items]
Loans	214	0
Credit Cards
Financing Receivable, Past Due [Line Items]
Loans	6,099	$ 0
Non-accrual Current Loans	0
Credit Cards | Current
Financing Receivable, Past Due [Line Items]
Loans	5,944
Credit Cards | Total past due
Financing Receivable, Past Due [Line Items]
Loans	155
Credit Cards | 30‑59 days past due
Financing Receivable, Past Due [Line Items]
Loans	61
Credit Cards | 60‑89 days past due
Financing Receivable, Past Due [Line Items]
Loans	41
Credit Cards | 90 days past due and still accruing
Financing Receivable, Past Due [Line Items]
Loans	53
Credit Cards | 90 days past due and not accruing
Financing Receivable, Past Due [Line Items]
Loans	$ 0

Loans and Allowance for Credi_9

Loans and Allowance for Credit Losses (Allowance for Credit Losses on Financing Receivables) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance	$ 29,014	$ 15,483	$ 16,643	$ 13,944
Merger Adjustments	1,513		1,513
Charge-offs	(1,502)	(202)	(1,786)	(457)
Recoveries	53	321	267	1,315
Net (charge-offs) recoveries	(1,449)	119	(1,519)	858
Provisions	27,973	675	29,623	1,475
Ending Balance	57,051	16,277	57,051	16,277
Cumulative effect adjustment due to the adoption of ASC 326, net of tax
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance			10,791
Construction
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance	2,386	3,345	2,973	2,454
Merger Adjustments	3		3
Charge-offs	0	0	0	0
Recoveries	3	2	10	9
Net (charge-offs) recoveries	3	2	10	9
Provisions	1,439	(315)	(377)	569
Ending Balance	3,831	3,032	3,831	3,032
Construction | Cumulative effect adjustment due to the adoption of ASC 326, net of tax
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance			1,222
Residential real estate
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance	9,151	2,778	2,622	2,858
Merger Adjustments	215		215
Charge-offs	0	0	0	(4)
Recoveries	3	12	37	131
Net (charge-offs) recoveries	3	12	37	127
Provisions	9,806	218	11,327	23
Ending Balance	19,175	3,008	19,175	3,008
Residential real estate | Cumulative effect adjustment due to the adoption of ASC 326, net of tax
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance			4,974
Commercial real estate
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance	10,267	4,441	4,899	4,598
Merger Adjustments	985		985
Charge-offs	(1,327)	0	(1,327)	(6)
Recoveries	0	243	0	948
Net (charge-offs) recoveries	(1,327)	243	(1,327)	942
Provisions	12,875	325	14,501	(531)
Ending Balance	22,800	5,009	22,800	5,009
Commercial real estate | Cumulative effect adjustment due to the adoption of ASC 326, net of tax
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance			3,742
Commercial
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance	1,956	1,681	1,652	2,070
Merger Adjustments	278		278
Charge-offs	0	(202)	0	(416)
Recoveries	2	60	10	200
Net (charge-offs) recoveries	2	(142)	10	(216)
Provisions	2,101	368	1,996	53
Ending Balance	4,337	1,907	4,337	1,907
Commercial | Cumulative effect adjustment due to the adoption of ASC 326, net of tax
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance			401
Consumer
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance	5,254	3,238	4,497	1,964
Merger Adjustments	14		14
Charge-offs	(115)	0	(399)	(31)
Recoveries	45	4	210	27
Net (charge-offs) recoveries	(70)	4	(189)	(4)
Provisions	1,658	79	2,082	1,361
Ending Balance	6,856	$ 3,321	6,856	$ 3,321
Consumer | Consumer Loans, Demand Deposit Overdrafts
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Charge-offs	(95)		(400)
Consumer | Cumulative effect adjustment due to the adoption of ASC 326, net of tax
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance			452
Credit Cards
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance	0		0
Merger Adjustments	18		18
Charge-offs	(60)		(60)
Recoveries	0		0
Net (charge-offs) recoveries	(60)		(60)
Provisions	94		94
Ending Balance	$ 52		52
Credit Cards | Cumulative effect adjustment due to the adoption of ASC 326, net of tax
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance			$ 0

Loans and Allowance for Cred_10

Loans and Allowance for Credit Losses (Schedule of collateral-dependent loans) (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Loan Receivables:
Loans, net	$ 4,560,668	$ 2,539,464
Real Estate Collateral
Loan Receivables:
Loans, net	13,281
Other Collateral
Loan Receivables:
Loans, net	2,481
Total
Loan Receivables:
Loans, net	15,762
Construction | Real Estate Collateral
Loan Receivables:
Loans, net	250
Construction | Other Collateral
Loan Receivables:
Loans, net	0
Construction | Total
Loan Receivables:
Loans, net	250
Residential real estate | Real Estate Collateral
Loan Receivables:
Loans, net	7,620
Residential real estate | Other Collateral
Loan Receivables:
Loans, net	0
Residential real estate | Total
Loan Receivables:
Loans, net	7,620
Commercial real estate | Real Estate Collateral
Loan Receivables:
Loans, net	5,411
Commercial real estate | Other Collateral
Loan Receivables:
Loans, net	0
Commercial real estate | Total
Loan Receivables:
Loans, net	5,411
Commercial | Real Estate Collateral
Loan Receivables:
Loans, net	0
Commercial | Other Collateral
Loan Receivables:
Loans, net	1,100
Commercial | Total
Loan Receivables:
Loans, net	1,100
Consumer | Real Estate Collateral
Loan Receivables:
Loans, net	0
Consumer | Other Collateral
Loan Receivables:
Loans, net	1,381
Consumer | Total
Loan Receivables:
Loans, net	$ 1,381

Loans and Allowance for Cred_11

Loans and Allowance for Credit Losses (PCI Loans Acquired) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2022
Nonaccrual loans:
Carrying amount		$ 26,642
Construction
Nonaccrual loans:
Carrying amount		650
Residential real estate
Nonaccrual loans:
Carrying amount		13,956
Commercial real estate
Nonaccrual loans:
Carrying amount		11,866
Commercial
Nonaccrual loans:
Carrying amount		156
Consumer
Nonaccrual loans:
Carrying amount		14
Severn Bancorp, Inc.
Nonaccrual loans:
Outstanding principal balance		378,882
Carrying amount		372,183
Severn Bancorp, Inc. | Construction
Nonaccrual loans:
Carrying amount		19,411
Severn Bancorp, Inc. | Residential real estate
Nonaccrual loans:
Carrying amount		130,074
Severn Bancorp, Inc. | Commercial real estate
Nonaccrual loans:
Carrying amount		186,144
Severn Bancorp, Inc. | Commercial
Nonaccrual loans:
Carrying amount		35,843
Severn Bancorp, Inc. | Consumer
Nonaccrual loans:
Carrying amount		711
Severn Bancorp, Inc. | Financial Asset Acquired with Credit Deterioration
Nonaccrual loans:
Outstanding principal balance		29,620
Carrying amount		26,642
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward]
Accretable yield, beginning of period	$ 5,367
Accretion	(1,195)
Reclassification of nonaccretable difference due to improvement in expected cash flows	399
Other changes, net	287
Accretable yield, end of period	$ 4,858
Severn Bancorp, Inc. | Financial Asset Acquired with Credit Deterioration | Construction
Nonaccrual loans:
Carrying amount		650
Severn Bancorp, Inc. | Financial Asset Acquired with Credit Deterioration | Residential real estate
Nonaccrual loans:
Carrying amount		13,956
Severn Bancorp, Inc. | Financial Asset Acquired with Credit Deterioration | Commercial real estate
Nonaccrual loans:
Carrying amount		11,866
Severn Bancorp, Inc. | Financial Asset Acquired with Credit Deterioration | Commercial
Nonaccrual loans:
Carrying amount		156
Severn Bancorp, Inc. | Financial Asset Acquired with Credit Deterioration | Consumer
Nonaccrual loans:
Carrying amount		14
Severn Bancorp, Inc. | Financial Asset Acquired and No Credit Deterioration [Member]
Nonaccrual loans:
Outstanding principal balance		349,262
Carrying amount		345,541
Severn Bancorp, Inc. | Financial Asset Acquired and No Credit Deterioration [Member] | Construction
Nonaccrual loans:
Carrying amount		18,761
Severn Bancorp, Inc. | Financial Asset Acquired and No Credit Deterioration [Member] | Residential real estate
Nonaccrual loans:
Carrying amount		116,118
Severn Bancorp, Inc. | Financial Asset Acquired and No Credit Deterioration [Member] | Commercial real estate
Nonaccrual loans:
Carrying amount		174,278
Severn Bancorp, Inc. | Financial Asset Acquired and No Credit Deterioration [Member] | Commercial
Nonaccrual loans:
Carrying amount		35,687
Severn Bancorp, Inc. | Financial Asset Acquired and No Credit Deterioration [Member] | Consumer
Nonaccrual loans:
Carrying amount		$ 697

Loans and Allowance for Cred_12

Loans and Allowance for Credit Losses (Allowance for Credit Losses on Loans Receivable with Impairment) (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Jul. 01, 2023	Jun. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
Loan Receivables:
Loans individually evaluated for impairment				$ 8,154
Loans collectively evaluated for impairment				2,512,874
Acquired loans - PCI				26,642
Total loans				2,547,670
Allowance for credit losses on loans:
Loans individually evaluated for impairment				127
Loans collectively evaluated for impairment				16,516
Allowance for credit losses on loans	$ 57,051	$ 36,361	$ 29,014	16,643	$ 16,277	$ 15,483	$ 13,944
Loans, at fair value	9,302			8,437
Construction
Loan Receivables:
Loans individually evaluated for impairment				331
Loans collectively evaluated for impairment				236,901
Acquired loans - PCI				650
Total loans				237,882
Allowance for credit losses on loans:
Loans individually evaluated for impairment				0
Loans collectively evaluated for impairment				2,973
Allowance for credit losses on loans	3,831	2,419	2,386	2,973	3,032	3,345	2,454
Residential real estate
Loan Receivables:
Loans individually evaluated for impairment				5,081
Loans collectively evaluated for impairment				791,460
Acquired loans - PCI				13,956
Total loans				810,497
Allowance for credit losses on loans:
Loans individually evaluated for impairment				127
Loans collectively evaluated for impairment				2,495
Allowance for credit losses on loans	19,175	13,167	9,151	2,622	3,008	2,778	2,858
Commercial real estate
Loan Receivables:
Loans individually evaluated for impairment				2,540
Loans collectively evaluated for impairment				1,051,003
Acquired loans - PCI				11,866
Total loans				1,065,409
Allowance for credit losses on loans:
Loans individually evaluated for impairment				0
Loans collectively evaluated for impairment				4,899
Allowance for credit losses on loans	22,800	11,332	10,267	4,899	5,009	4,441	4,598
Commercial
Loan Receivables:
Loans individually evaluated for impairment				174
Loans collectively evaluated for impairment				147,526
Acquired loans - PCI				156
Total loans				147,856
Allowance for credit losses on loans:
Loans individually evaluated for impairment				0
Loans collectively evaluated for impairment				1,652
Allowance for credit losses on loans	4,337	2,398	1,956	1,652	1,907	1,681	2,070
Consumer
Loan Receivables:
Loans individually evaluated for impairment				28
Loans collectively evaluated for impairment				285,984
Acquired loans - PCI				14
Total loans				286,026
Allowance for credit losses on loans:
Loans individually evaluated for impairment				0
Loans collectively evaluated for impairment				4,497
Allowance for credit losses on loans	$ 6,856	$ 7,045	$ 5,254	$ 4,497	$ 3,321	$ 3,238	$ 1,964

Loans and Allowance for Cred_13

Loans and Allowance for Credit Losses (Impaired Financing Receivables by Loan Class) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Impaired Nonaccrual Loans
Loan Receivables:
Unpaid principal balance	$ 2,207
Recorded investment with no allowance	1,908
Recorded investment with an allowance	0
Related allowance	0
Quarter-to-date average recorded investment	2,639
Year-to-date average recorded investment	2,842
Interest income recognized	0
Impaired Accruing Restructured Loans
Loan Receivables:
Unpaid principal balance	4,539
Recorded investment with no allowance	2,866
Recorded investment with an allowance	1,539
Related allowance	127
Quarter-to-date average recorded investment	4,594
Year-to-date average recorded investment	5,319
Interest income recognized	132
Other Impaired Accruing Loans
Loan Receivables:
Unpaid principal balance	1,841
Recorded investment with no allowance	1,841
Recorded investment with an allowance	0
Related allowance	0
Quarter-to-date average recorded investment	1,599
Year-to-date average recorded investment	962
Interest income recognized	17
Impaired Loans
Loan Receivables:
Unpaid principal balance	8,587
Recorded investment with no allowance	6,615
Recorded investment with an allowance	1,539
Related allowance	127
Quarter-to-date average recorded investment	8,832
Year-to-date average recorded investment	9,123
Interest income recognized	149
Construction | Impaired Nonaccrual Loans
Loan Receivables:
Unpaid principal balance	297
Recorded investment with no allowance	297
Recorded investment with an allowance	0
Related allowance	0
Quarter-to-date average recorded investment	297
Year-to-date average recorded investment	314
Interest income recognized	0
Construction | Impaired Accruing Restructured Loans
Loan Receivables:
Unpaid principal balance	10
Recorded investment with no allowance	10
Recorded investment with an allowance	0
Related allowance	0
Quarter-to-date average recorded investment	14
Year-to-date average recorded investment	18
Interest income recognized	1
Construction | Other Impaired Accruing Loans
Loan Receivables:
Unpaid principal balance	24
Recorded investment with no allowance	24
Recorded investment with an allowance	0
Related allowance	0
Quarter-to-date average recorded investment	304
Year-to-date average recorded investment	190
Interest income recognized	6
Construction | Impaired Loans
Loan Receivables:
Unpaid principal balance	331
Recorded investment with no allowance	331
Recorded investment with an allowance	0
Related allowance	0
Quarter-to-date average recorded investment	615
Year-to-date average recorded investment	522
Interest income recognized	7
Residential real estate | Impaired Nonaccrual Loans
Loan Receivables:
Unpaid principal balance	1,363
Recorded investment with no allowance	1,259
Recorded investment with an allowance	0
Related allowance	0
Quarter-to-date average recorded investment	1,639
Year-to-date average recorded investment	1,534
Interest income recognized	0
Residential real estate | Impaired Accruing Restructured Loans
Loan Receivables:
Unpaid principal balance	2,849
Recorded investment with no allowance	1,176
Recorded investment with an allowance	1,539
Related allowance	127
Quarter-to-date average recorded investment	2,750
Year-to-date average recorded investment	3,064
Interest income recognized	83
Residential real estate | Other Impaired Accruing Loans
Loan Receivables:
Unpaid principal balance	1,107
Recorded investment with no allowance	1,107
Recorded investment with an allowance	0
Related allowance	0
Quarter-to-date average recorded investment	745
Year-to-date average recorded investment	259
Interest income recognized	3
Residential real estate | Impaired Loans
Loan Receivables:
Unpaid principal balance	5,319
Recorded investment with no allowance	3,542
Recorded investment with an allowance	1,539
Related allowance	127
Quarter-to-date average recorded investment	5,134
Year-to-date average recorded investment	4,857
Interest income recognized	86
Commercial real estate | Impaired Nonaccrual Loans
Loan Receivables:
Unpaid principal balance	159
Recorded investment with no allowance	150
Recorded investment with an allowance	0
Related allowance	0
Quarter-to-date average recorded investment	466
Year-to-date average recorded investment	704
Interest income recognized	0
Commercial real estate | Impaired Accruing Restructured Loans
Loan Receivables:
Unpaid principal balance	1,680
Recorded investment with no allowance	1,680
Recorded investment with an allowance	0
Related allowance	0
Quarter-to-date average recorded investment	1,830
Year-to-date average recorded investment	2,231
Interest income recognized	48
Commercial real estate | Other Impaired Accruing Loans
Loan Receivables:
Unpaid principal balance	710
Recorded investment with no allowance	710
Recorded investment with an allowance	0
Related allowance	0
Quarter-to-date average recorded investment	537
Year-to-date average recorded investment	493
Interest income recognized	7
Commercial real estate | Impaired Loans
Loan Receivables:
Unpaid principal balance	2,549
Recorded investment with no allowance	2,540
Recorded investment with an allowance	0
Related allowance	0
Quarter-to-date average recorded investment	2,833
Year-to-date average recorded investment	3,428
Interest income recognized	55
Commercial | Impaired Nonaccrual Loans
Loan Receivables:
Unpaid principal balance	359
Recorded investment with no allowance	174
Recorded investment with an allowance	0
Related allowance	0
Quarter-to-date average recorded investment	197
Year-to-date average recorded investment	242
Interest income recognized	0
Commercial | Impaired Accruing Restructured Loans
Loan Receivables:
Unpaid principal balance	0
Recorded investment with no allowance	0
Recorded investment with an allowance	0
Related allowance	0
Quarter-to-date average recorded investment	0
Year-to-date average recorded investment	0
Interest income recognized	0
Commercial | Other Impaired Accruing Loans
Loan Receivables:
Unpaid principal balance	0
Recorded investment with no allowance	0
Recorded investment with an allowance	0
Related allowance	0
Quarter-to-date average recorded investment	13
Year-to-date average recorded investment	7
Interest income recognized	1
Commercial | Impaired Loans
Loan Receivables:
Unpaid principal balance	359
Recorded investment with no allowance	174
Recorded investment with an allowance	0
Related allowance	0
Quarter-to-date average recorded investment	210
Year-to-date average recorded investment	249
Interest income recognized	1
Consumer | Impaired Nonaccrual Loans
Loan Receivables:
Unpaid principal balance	29
Recorded investment with no allowance	28
Recorded investment with an allowance	0
Related allowance	0
Quarter-to-date average recorded investment	40
Year-to-date average recorded investment	48
Interest income recognized	0
Consumer | Impaired Accruing Restructured Loans
Loan Receivables:
Unpaid principal balance	0
Recorded investment with no allowance	0
Recorded investment with an allowance	0
Related allowance	0
Quarter-to-date average recorded investment	0
Year-to-date average recorded investment	6
Interest income recognized	0
Consumer | Other Impaired Accruing Loans
Loan Receivables:
Unpaid principal balance	0
Recorded investment with no allowance	0
Recorded investment with an allowance	0
Related allowance	0
Quarter-to-date average recorded investment	0
Year-to-date average recorded investment	13
Interest income recognized	0
Consumer | Impaired Loans
Loan Receivables:
Unpaid principal balance	29
Recorded investment with no allowance	28
Recorded investment with an allowance	0
Related allowance	0
Quarter-to-date average recorded investment	40
Year-to-date average recorded investment	67
Interest income recognized	$ 0

Loans and Allowance for Cred_14

Loans and Allowance for Credit Losses (Troubled Debt Restructurings With Subsequent Default) (Details) - contract	3 Months Ended	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2022
Receivables [Abstract]
Number of contracts modified as TDRs which subsequently defaulted within 12 months	0	0

Loans and Allowance for Cred_15

Loans and Allowance for Credit Losses (Financing Receivable Credit Quality Indicators) (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans, gross	$ 2,556,107
Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans, gross	2,338,936
Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans, gross	184,544
Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans, gross	3,539
Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans, gross	2,446
Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans, gross	0
PCI | Financial Asset Acquired with Credit Deterioration
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans, gross	26,642
Construction
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans, gross	246,319
Construction | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans, gross	231,160
Construction | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans, gross	14,212
Construction | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans, gross	0
Construction | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans, gross	297
Construction | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans, gross	0
Construction | PCI | Financial Asset Acquired with Credit Deterioration
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans, gross	650
Residential real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans, gross	810,497
Residential real estate | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans, gross	761,405
Residential real estate | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans, gross	32,467
Residential real estate | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans, gross	1,239
Residential real estate | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans, gross	1,430
Residential real estate | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans, gross	0
Residential real estate | PCI | Financial Asset Acquired with Credit Deterioration
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans, gross	13,956
Commercial real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans, gross	1,065,409
Commercial real estate | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans, gross	929,501
Commercial real estate | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans, gross	121,711
Commercial real estate | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans, gross	1,814
Commercial real estate | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans, gross	517
Commercial real estate | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans, gross	0
Commercial real estate | PCI | Financial Asset Acquired with Credit Deterioration
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans, gross	11,866
Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans, gross	147,856
Commercial | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans, gross	131,084
Commercial | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans, gross	15,958
Commercial | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans, gross	484
Commercial | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans, gross	174
Commercial | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans, gross	0
Commercial | PCI | Financial Asset Acquired with Credit Deterioration
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans, gross	156
Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans, gross	286,026
Consumer | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans, gross	285,786
Consumer | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans, gross	196
Consumer | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans, gross	2
Consumer | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans, gross	28
Consumer | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans, gross	0
Consumer | PCI | Financial Asset Acquired with Credit Deterioration
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans, gross	$ 14

Goodwill and Other Intangible_2

Goodwill and Other Intangibles (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of core deposit intangible	$ 2,634	$ 499	$ 3,510	$ 1,528

Goodwill and Other Intangible_3

Goodwill and Other Intangibles (Schedule of Components of Goodwill and Other Acquired Intangible Assets) (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Gross Carrying Amount	$ 65,476	$ 65,631
Additions	0
Measurement Period Adjustments		(155)
Accumulated Impairment Charges	(1,543)	(1,543)
Accumulated Amortization	(667)	(667)
Net Carrying Amount	63,266	63,266
Goodwill and Intangible Assets [Line Items]
Gross Carrying Amount	10,503	10,504
Additions	48,648
Measurement Period Adjustments		0
Accumulated Impairment Charges	0	0
Accumulated Amortization	(8,466)	(4,957)
Net Carrying Amount	50,685	5,547
Core deposit intangible
Goodwill and Intangible Assets [Line Items]
Gross Carrying Amount	10,503	10,504
Additions	48,648
Measurement Period Adjustments		0
Accumulated Impairment Charges	0	0
Accumulated Amortization	(8,466)	(4,957)
Net Carrying Amount	$ 50,685	$ 5,547
Weighted Average Remaining Life (in years)	4 years 10 months 24 days	2 years 7 months 6 days

Goodwill and Other Intangible_4

Goodwill and Other Intangibles (Future Amortization Expense for Amortizable Other Intangible Assets) (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
2023	$ 2,595
2024	9,779
2025	8,589
2026	7,399
2027	6,208
Thereafter	16,115
Total amortizing core deposit intangible	$ 50,685	$ 5,547

Leases (Lease Information) (Det

Leases (Lease Information) (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Lessee, Lease, Description [Line Items]
Lease liabilities	$ 13,082	$ 9,908
Right-of-use assets	$ 12,741	$ 9,629
Weighted average remaining lease term	11 years 25 days	12 years 6 months 18 days
Weighted average discount rate	3.18%	2.50%
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease term	7 months 20 days	1 month 28 days
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease term	17 years 11 months 4 days	18 years 8 months 4 days

Leases (Lease Cost) (Details)

Leases (Lease Cost) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Leases [Abstract]
Operating lease cost	$ 485	$ 340	$ 1,153	$ 1,007
Total lease cost	485	340	1,153	1,007
Cash paid for amounts included in the measurement of lease liabilities	$ 459	$ 318	$ 1,090	$ 939

Leases (Lease Payments Due) (De

Leases (Lease Payments Due) (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Leases [Abstract]
Three months ending December 31, 2023	$ 460
2024	1,768
2025	1,544
2026	1,554
2027	1,454
Thereafter	8,669
Total undiscounted cash flows	15,449
Discount	2,367
Lease liabilities	$ 13,082	$ 9,908

Leases (Narrative) (Details)

Leases (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Leases [Abstract]
Option to extend lease term			TRUE
Gross rental income	$ 0.3	$ 0.2	$ 0.9	$ 0.7

Leases (Minimum Future Annual R

Leases (Minimum Future Annual Rental Income) (Details) $ in Thousands	Sep. 30, 2023 USD ($)
Minimum Future Annual Rental Income
Three months ending December 31, 2023	$ 206
2024	701
2025	719
2026	737
2027	418
Thereafter	1,554
Total	$ 4,335

Deposits (Summary of Deposits)

Deposits (Summary of Deposits) (Details) $ in Thousands	Sep. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)
Deposit Liability [Line Items]
Noninterest-bearing demand	$ 1,211,401	$ 862,015
Noninterest-bearing demand, percentage	0.2370	0.2860
Balance
Demand	$ 1,210,051	$ 694,101
Money market deposits	1,179,049	709,132
Savings	371,755	320,188
Certificates of deposit	1,136,488	424,348
Total interest-bearing	$ 3,897,343	$ 2,147,769
%
Demand	23.70%	23.10%
Money market deposits	23.10%	23.60%
Savings	7.30%	10.60%
Certificates of deposit	22.20%	14.10%
Total interest-bearing	76.30%	71.40%
Total deposits	$ 5,108,744	$ 3,009,784
Percentage of Total Deposits	1	1

Deposits (Schedule of Contractu

Deposits (Schedule of Contractual Maturities of Certificates of Deposit) (Details) $ in Thousands	Sep. 30, 2023 USD ($)
Deposits [Abstract]
Within one year	$ 894,384
Year 2	162,135
Year 3	48,171
Year 4	15,530
Year 5	15,816
Thereafter	452
Time Deposit Maturities, after Rolling Year Five	$ 1,136,488

Deposits (Narrative) (Details)

Deposits (Narrative) (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Deposits [Abstract]
Aggregate amount of deposits that exceed the FDIC insurance limit	$ 311.3	$ 77.7

Borrowings (Schedule of Long-Te

Borrowings (Schedule of Long-Term Debt) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Debt Instrument [Line Items]
Less net discount and unamortized issuance costs	$ (5,084)	$ (2,547)
Total long-term debt	72,035	43,072
Subordinated Debt
Debt Instrument [Line Items]
Long-term debt, gross	44,500	25,000
Trust Preferred Securities
Debt Instrument [Line Items]
Long-term debt, gross	32,619	20,619
September 2030 Subordinated Debentures | Subordinated Debt
Debt Instrument [Line Items]
Long-term debt, gross	$ 25,000	25,000
Interest Rate	5.375%
Total long-term debt	$ 24,800
September 2030 Subordinated Debentures | Subordinated Debt | Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Interest Rate	5.265%
October 2030 Subordinated Debentures | Subordinated Debt
Debt Instrument [Line Items]
Long-term debt, gross	$ 19,500	0
Interest Rate	4.75%
Total long-term debt	$ 18,200
October 2030 Subordinated Debentures | Subordinated Debt | Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Interest Rate	4.58%
Severn Capital Trust I | Trust Preferred Securities
Debt Instrument [Line Items]
Long-term debt, gross	$ 20,619	20,619
Severn Capital Trust I | Trust Preferred Securities | Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Interest Rate	2%
Tri-County Capital Trust I | Subordinated Debt
Debt Instrument [Line Items]
Total long-term debt	$ 6,400
Tri-County Capital Trust I | Trust Preferred Securities
Debt Instrument [Line Items]
Long-term debt, gross	$ 7,000	0
Tri-County Capital Trust I | Trust Preferred Securities | Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Interest Rate	2.60%
Tri-County Capital Trust II | Subordinated Debt
Debt Instrument [Line Items]
Total long-term debt	$ 4,200
Tri-County Capital Trust II | Trust Preferred Securities
Debt Instrument [Line Items]
Long-term debt, gross	$ 5,000	$ 0
Tri-County Capital Trust II | Trust Preferred Securities | Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Interest Rate	1.70%

Borrowings (Narrative) (Details

Borrowings (Narrative) (Details) - USD ($)	9 Months Ended
	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2022
Debt Instrument [Line Items]
Recorded balance of subordinated debt	$ 72,035,000		$ 43,072,000
Advances from FHLB - short-term	0	$ 40,000,000
Subordinated Debt
Debt Instrument [Line Items]
Long-term debt, gross	44,500,000		25,000,000
Subordinated Debt | Severn Bancorp, Inc.
Debt Instrument [Line Items]
Recorded balance of subordinated debt	18,500,000
Unamortized fair value adjustment	2,100,000
Trust Preferred Securities
Debt Instrument [Line Items]
Long-term debt, gross	32,619,000		20,619,000
September 2030 Subordinated Debentures | Subordinated Debt
Debt Instrument [Line Items]
Long-term debt, gross	25,000,000		25,000,000
Recorded balance of subordinated debt	24,800,000
October 2030 Subordinated Debentures | Subordinated Debt
Debt Instrument [Line Items]
Long-term debt, gross	19,500,000		0
Recorded balance of subordinated debt	18,200,000
Severn Capital Trust I | Trust Preferred Securities
Debt Instrument [Line Items]
Long-term debt, gross	20,619,000		20,619,000
Tri-County Capital Trust I | Subordinated Debt
Debt Instrument [Line Items]
Recorded balance of subordinated debt	6,400,000
Unamortized fair value adjustment	600,000
Tri-County Capital Trust I | Trust Preferred Securities
Debt Instrument [Line Items]
Long-term debt, gross	7,000,000		0
Tri-County Capital Trust II | Subordinated Debt
Debt Instrument [Line Items]
Recorded balance of subordinated debt	4,200,000
Unamortized fair value adjustment	800,000
Tri-County Capital Trust II | Trust Preferred Securities
Debt Instrument [Line Items]
Long-term debt, gross	$ 5,000,000		$ 0

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) - Equity Plan 2016 - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023	Sep. 30, 2022
Stock Appreciation Rights (SARs)
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Award expiration		10 years
Restricted Stock
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Transferred (in shares)		3,977
Transferred (in dollars per share)		$ 11.56
Other than options, vested, fair value		$ 600	$ 500
Time Based Restricted Stock Awards
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares authorized for granting (in shares)	750,000	750,000
Shares available to be granted (in shares)	472,320	472,320
Restricted Stock Units (RSUs)
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Transferred (in shares)	90,783
Transferred (in dollars per share)	$ 11.56
Other than options, vested, fair value		$ 100
Minimum | Time Based Restricted Stock Awards
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Award vesting period		1 year
Maximum | Time Based Restricted Stock Awards
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Award vesting period		5 years

Stock-Based Compensation (Sched

Stock-Based Compensation (Schedule of Stock-Based Compensation, RS and RSU Award Activity) (Details) - Equity Plan 2016 - $ / shares	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023
Restricted Stock
Number of Shares
Nonvested at beginning of period (in shares)		36,860
Transferred (in shares)		3,977
Granted (in shares)		53,655
Vested (in shares)		(40,525)
Forfeited (in shares)		(1,671)
Nonvested at end of period (in shares)	52,296	52,296
Weighted Average Grant Date Fair Value
Nonvested at beginning of period (in dollars per share)		$ 20.15
Transferred (in dollars per share)		11.56
Granted (in dollars per share)		14.73
Vested (in dollars per share)		17.65
Forfeited (in dollars per share)		17.49
Nonvested at end of period (in dollars per share)	$ 15.95	$ 15.95
Restricted Stock Units (RSUs)
Number of Shares
Nonvested at beginning of period (in shares)	0
Transferred (in shares)	90,783
Granted (in shares)	91,047
Vested (in shares)	(11,459)
Forfeited (in shares)	(1,202)
Nonvested at end of period (in shares)	169,169	169,169
Weighted Average Grant Date Fair Value
Nonvested at beginning of period (in dollars per share)	$ 0
Transferred (in dollars per share)	11.56
Granted (in dollars per share)	11.56
Vested (in dollars per share)	11.56
Forfeited (in dollars per share)	11.56
Nonvested at end of period (in dollars per share)	$ 11.56	$ 11.56

Derivatives (Narrative) (Detail

Derivatives (Narrative) (Details) - IRLCs	9 Months Ended
	Sep. 30, 2023
Minimum
Derivatives, Fair Value [Line Items]
Period between issuance of loan commitment and closing and sale of loan	14 days
Maximum
Derivatives, Fair Value [Line Items]
Period between issuance of loan commitment and closing and sale of loan	120 days

Derivatives (Carrying Amounts o

Derivatives (Carrying Amounts of Derivative Financial Instruments) (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
IRLCs
Derivatives, Fair Value [Line Items]
Derivative asset, notional amount	$ 10,969	$ 4,166
Derivative asset, estimated fair value	89	35
Derivative liability, notional amount	8,354	1,150
Derivative liability, estimated fair value	50	7
TBA forward trades
Derivatives, Fair Value [Line Items]
Derivative asset, notional amount	22,900	8,750
Derivative asset, estimated fair value	359	41
Derivative liability, notional amount	500	1,000
Derivative liability, estimated fair value	$ 0	$ 6

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) (Schedule of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 363,140	$ 352,777	$ 364,285	$ 350,693
Other comprehensive income (loss)	(1,548)	(3,130)	(1,088)	(9,837)
Ending balance	504,931	357,221	504,931	357,221
Other comprehensive losses, net of tax before reclassifications
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(8,561)	(6,651)	(9,021)	56
Other comprehensive income (loss)	(1,548)	(3,130)	(1,088)	(9,837)
Ending balance	$ (10,109)	$ (9,781)	$ (10,109)	$ (9,781)

Regulatory Capital (Details)

Regulatory Capital (Details) $ in Thousands	Sep. 30, 2023 USD ($)	Jun. 30, 2023 USD ($)	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Sep. 30, 2022 USD ($)	Jun. 30, 2022 USD ($)	Mar. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Regulatory Capital Requirements under Banking Regulations [Abstract]
Capital adequacy, minimum, common equity Tier 1	0.0700
Capital adequacy, minimum, Tier 1 risk-based capital	0.0850
Capital adequacy, minimum, total risk-based capital	0.1050
Capital adequacy, minimum, leverage ratios	0.0400
Well capitalized, minimum, common equity Tier 1	0.0650
Well capitalized, minimum, Tier 1 risk-based capital	0.0800
Well capitalized, minimum, total risk-based capital	0.1000
Well capitalized, minimum, leverage ratios	0.0500
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Common equity	$ 504,931	$ 363,140	$ 361,638	$ 364,285	$ 357,221	$ 352,777	$ 351,864	$ 350,693
Goodwill	(63,266)			(63,266)
Core deposit intangible (3)	(37,507)			(5,547)
DTAs that arise from net operating loss and tax credit carry forwards	(9,158)			0
AOCI (gains) losses	10,109			9,021
Common Equity Tier 1 Capital	405,109			304,493
TRUPs	29,079			18,398
Tier 1 Capital	434,188			322,891
Allowable reserve for credit losses and other Tier 2 adjustments	58,190			16,855
Subordinated debt	42,956			24,674
Tier 2 Capital	535,334			364,420
Risk-Weighted Assets ("RWA")	4,707,597			2,619,400
Average Assets ("AA")	$ 5,674,370			$ 3,390,516
Common Tier 1 Capital to RWA	0.0700
Common Tier 1 Capital to RWA	0.0861			0.1162
Tier 1 Capital to RWA	0.0850
Tier 1 Capital to RWA	0.0922			0.1233
Tier 2 Capital to RWA	0.1050
Tier 2 Capital to RWA	0.1137			0.1391
Tier 1 Capital to AA (Leverage) (2)	0.0765			0.0952
The Bank
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Common equity	$ 566,129			$ 395,594
Goodwill	(63,266)			(63,266)
Core deposit intangible (3)	(37,507)			(5,547)
DTAs that arise from net operating loss and tax credit carry forwards	(6,765)			0
AOCI (gains) losses	10,109			9,021
Common Equity Tier 1 Capital	468,700			335,802
TRUPs	0			0
Tier 1 Capital	468,700			335,802
Allowable reserve for credit losses and other Tier 2 adjustments	58,190			16,855
Subordinated debt	0			0
Tier 2 Capital	526,890			352,657
Risk-Weighted Assets ("RWA")	4,703,362			2,618,939
Average Assets ("AA")	$ 5,661,864			$ 3,386,771
Common Tier 1 Capital to RWA	0.0997			0.1282
Tier 1 Capital to RWA	0.0997			0.1282
Tier 2 Capital to RWA	0.1120			0.1347
Tier 1 Capital to AA (Leverage) (2)	0.0828			0.0992

Fair Value Measurements (Estima

Fair Value Measurements (Estimated Fair Value and Range) (Details) $ in Thousands	Sep. 30, 2023 USD ($)	Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
MSRs	$ 5,890	$ 5,466	$ 5,275
IRLCs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
IRLCs - Derivative Asset	89		35
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
MSRs	5,890		5,275
Level 3 | IRLCs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
IRLCs - Derivative Asset	89		35
Valuation, Market Approach | Measurement Input, Prepayment Rate | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
MSRs	$ 5,890		$ 5,275
MSRs Range	108		121
Valuation, Market Approach | Range of pull through rate | Level 3 | IRLCs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
IRLCs - Derivative Asset	$ 39		$ 28
Minimum | Valuation, Market Approach | Range of pull through rate | Level 3 | IRLCs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
IRLCs Range	0.84		0.78
Maximum | Valuation, Market Approach | Range of pull through rate | Level 3 | IRLCs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
IRLCs Range	1		1
Arithmetic Average | Level 3 | IRLCs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
IRLCs Range	0.98		0.92

Fair Value Measurements (Activi

Fair Value Measurements (Activity in MSRs) (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023
Servicing Asset at Fair Value, Amount [Roll Forward]
Beginning balance	$ 5,466	$ 5,275
Servicing rights resulting from sales of loans	390	620
Valuation adjustment	34	(5)
Ending balance	$ 5,890	$ 5,890

Fair Value Measurements (Acti_2

Fair Value Measurements (Activity in IRLCs) (Details) - IRLCs - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023
Derivative Asset, Subject to Master Netting Arrangement [Roll Forward]
Beginning Balance	$ 32	$ 28
Valuation adjustment	7	11
Ending Balance	$ 39	$ 39

Fair Value Measurements (Assets

Fair Value Measurements (Assets and Liabilities Measured on Recurring Basis) (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Investment securities:
Securities available for sale:	$ 79,143		$ 83,587
Equity securities	5,434		1,233
Loans Held for Sale	14,725		4,248
Loans Held for Investment, at fair value	9,302		8,437
MSRs	5,890	$ 5,466	5,275
Total assets at fair value	114,942		102,856
Total liabilities at fair value	50		13
Level 1
Investment securities:
Securities available for sale:	0		0
Equity securities	0		0
Loans Held for Sale	0		0
Loans Held for Investment, at fair value	0		0
MSRs	0		0
Total assets at fair value	0		0
Total liabilities at fair value	0		0
Level 2
Investment securities:
Securities available for sale:	79,143		83,587
Equity securities	5,434		1,233
Loans Held for Sale	14,725		4,248
Loans Held for Investment, at fair value	9,302		8,437
MSRs	0		0
Total assets at fair value	108,963		97,546
Total liabilities at fair value	0		6
Level 3
Investment securities:
Securities available for sale:	0		0
Equity securities	0		0
Loans Held for Sale	0		0
Loans Held for Investment, at fair value	0		0
MSRs	5,890		5,275
Total assets at fair value	5,979		5,310
Total liabilities at fair value	50		7
U.S. Government agencies
Investment securities:
Securities available for sale:	19,631		18,178
U.S. Government agencies | Level 1
Investment securities:
Securities available for sale:	0		0
U.S. Government agencies | Level 2
Investment securities:
Securities available for sale:	19,631		18,178
U.S. Government agencies | Level 3
Investment securities:
Securities available for sale:	0		0
Mortgage-backed-residential
Investment securities:
Securities available for sale:	53,573		63,519
Mortgage-backed-residential | Level 1
Investment securities:
Securities available for sale:	0		0
Mortgage-backed-residential | Level 2
Investment securities:
Securities available for sale:	53,573		63,519
Mortgage-backed-residential | Level 3
Investment securities:
Securities available for sale:	0		0
Other debt securities
Investment securities:
Securities available for sale:	5,939		1,890
Other debt securities | Level 1
Investment securities:
Securities available for sale:	0		0
Other debt securities | Level 2
Investment securities:
Securities available for sale:	5,939		1,890
Other debt securities | Level 3
Investment securities:
Securities available for sale:	0		0
TBA forward trades
Investment securities:
Derivative asset, estimated fair value	359		41
TBA securities	0		6
TBA forward trades | Level 1
Investment securities:
Derivative asset, estimated fair value	0		0
TBA securities	0		0
TBA forward trades | Level 2
Investment securities:
Derivative asset, estimated fair value	359		41
TBA securities	0		6
TBA forward trades | Level 3
Investment securities:
Derivative asset, estimated fair value	0		0
TBA securities	0		0
IRLCs
Investment securities:
Derivative asset, estimated fair value	89		35
TBA securities	50		7
IRLCs | Level 1
Investment securities:
Derivative asset, estimated fair value	0		0
TBA securities	0		0
IRLCs | Level 2
Investment securities:
Derivative asset, estimated fair value	0		0
TBA securities	0		0
IRLCs | Level 3
Investment securities:
Derivative asset, estimated fair value	89		35
TBA securities	$ 50		$ 7

Fair Value Measurements (Fair V

Fair Value Measurements (Fair Value of Assets Measured on Nonrecurring Basis) (Details) - Level 3 - Fair Value, Nonrecurring - Appraisal Of Collateral - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Impaired loans:
Individually evaluated collateral dependent loans	$ 619
Other real estate owned	$ 179	$ 197
Individually evaluated collateral dependent loans, measurement input	10%
Minimum
Impaired loans:
Other real estate owned, measurement input	0%	0%
Maximum
Impaired loans:
Other real estate owned, measurement input	20%	(20.00%)
Weighted Average
Impaired loans:
Individually evaluated collateral dependent loans, measurement input	10%
Other real estate owned, measurement input	0%	2%

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Summary of Carrying Amounts and Estimated Fair Values of Financial Instruments) (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Assets
Investment securities - AFS	$ 79,143		$ 83,587
Estimated Fair Value	445,652		494,627
Restricted securities	13,361		11,169
Loans held for sale, at fair value	14,725		4,248
Loans, at fair value	9,302		8,437
MSRs	5,890	$ 5,466	5,275
Level 1
Assets
Cash and cash equivalents	108,709		55,499
Investment securities - AFS	0		0
Estimated Fair Value	0		0
Equity securities	0		0
Restricted securities	0		0
Loans held for sale, at fair value	0		0
Derivative asset	0		0
Cash surrender value on life insurance	0		0
Loans, at fair value	0		0
Loans, net	0		0
MSRs	0		0
Deposits:
Noninterest-bearing demand	0		0
Checking plus interest	0		0
Money Market	0		0
Savings	0		0
Club	0		0
Certificates of Deposit	0		0
Advances from FHLB - short term			0
Subordinated debt	0		0
TRUPS	0
Level 1 | TBA forward trades
Deposits:
Derivative liability			0
Level 1 | IRLCs
Assets
Derivative asset	0		0
Deposits:
Derivative liability	0		0
Level 2
Assets
Cash and cash equivalents	0		0
Investment securities - AFS	79,143		83,587
Estimated Fair Value	445,652		494,626
Equity securities	5,434		1,233
Restricted securities	13,361		11,169
Loans held for sale, at fair value	14,725		4,248
Derivative asset	359		41
Cash surrender value on life insurance	100,950		59,218
Loans, at fair value	9,302		8,437
Loans, net	0		0
MSRs	0		0
Deposits:
Noninterest-bearing demand	1,211,401		862,015
Checking plus interest	1,210,052		694,101
Money Market	1,179,049		709,132
Savings	370,049		319,814
Club	1,706		374
Certificates of Deposit	1,124,904		410,455
Advances from FHLB - short term			40,002
Subordinated debt	41,503		41,193
TRUPS	27,364
Level 2 | TBA forward trades
Deposits:
Derivative liability			6
Level 2 | IRLCs
Assets
Derivative asset	0		0
Deposits:
Derivative liability	0		0
Level 3
Assets
Cash and cash equivalents	0		0
Investment securities - AFS	0		0
Estimated Fair Value	0		0
Equity securities	0		0
Restricted securities	0		0
Loans held for sale, at fair value	0		0
Derivative asset	0		0
Cash surrender value on life insurance	0		0
Loans, at fair value	0		0
Loans, net	4,425,585		2,431,808
MSRs	5,890		5,275
Deposits:
Noninterest-bearing demand	0		0
Checking plus interest	0		0
Money Market	0		0
Savings	0		0
Club	0		0
Certificates of Deposit	0		0
Advances from FHLB - short term			0
Subordinated debt	0		0
TRUPS	0
Level 3 | TBA forward trades
Deposits:
Derivative liability			0
Level 3 | IRLCs
Assets
Derivative asset	89		35
Deposits:
Derivative liability	50		7
Carrying Amount
Assets
Cash and cash equivalents	108,709		55,499
Investment securities - AFS	79,143		83,587
Estimated Fair Value	523,051		559,455
Equity securities	5,434		1,233
Restricted securities	13,361		11,169
Loans held for sale, at fair value	14,725		4,248
Derivative asset	359		41
Cash surrender value on life insurance	100,950		59,218
Loans, at fair value	9,302		8,437
Loans, net	4,551,366		2,531,027
MSRs	5,890		5,275
Deposits:
Noninterest-bearing demand	1,211,401		862,015
Checking plus interest	1,210,052		694,101
Money Market	1,179,049		709,132
Savings	370,049		319,814
Club	1,706		374
Certificates of Deposit	1,136,488		424,348
Advances from FHLB - short term			40,000
Subordinated debt	42,956		43,072
TRUPS	29,079
Carrying Amount | TBA forward trades
Deposits:
Derivative liability			6
Carrying Amount | IRLCs
Assets
Derivative asset	89		35
Deposits:
Derivative liability	50		7
Fair Value
Assets
Cash and cash equivalents	108,709		55,499
Investment securities - AFS	79,143		83,587
Estimated Fair Value	445,652		494,626
Equity securities	5,434		1,233
Restricted securities	13,361		11,169
Loans held for sale, at fair value	14,725		4,248
Derivative asset	359		41
Cash surrender value on life insurance	100,950		59,218
Loans, at fair value	9,302		8,437
Loans, net	4,425,585		2,431,808
MSRs	5,890		5,275
Deposits:
Noninterest-bearing demand	1,211,401		862,015
Checking plus interest	1,210,052		694,101
Money Market	1,179,049		709,132
Savings	370,049		319,814
Club	1,706		374
Certificates of Deposit	1,124,904		410,455
Advances from FHLB - short term			40,002
Subordinated debt	41,503		41,193
TRUPS	27,364
Fair Value | TBA forward trades
Deposits:
Derivative liability			6
Fair Value | IRLCs
Assets
Derivative asset	89		35
Deposits:
Derivative liability	$ 50		$ 7

Commitments and Contingencies_2

Commitments and Contingencies (Schedule of Commitments Outstanding) (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Commitments outstanding	$ 647,524	$ 414,362
Commitments to extend credit
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Commitments outstanding	618,628	406,353
Letters of credit
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Commitments outstanding	$ 28,896	$ 8,009

Commitments and Contingencies_3

Commitments and Contingencies (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Deposits	$ 5,108,744		$ 5,108,744		$ 3,009,784
Gross loans	4,560,668		4,560,668		$ 2,539,464
Interest Income	71,248	$ 30,576	142,943	$ 81,566
Noninterest income	18,337	$ 5,344	28,966	$ 17,224
Business Activities With Medical Use Cannabis Customers | Medical Use Cannabis Customers
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Deposits	175,500		$ 175,500
Deposits with customers as percentage of total deposits			3.40%
Gross loans	$ 76,200		$ 76,200
Loans with customers as percentage of total loans			1.70%
Interest Income			$ 7,200
Noninterest income			$ 800

Earnings Per Share (Calculation

Earnings Per Share (Calculation of Earnings Per Common Share) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2023	Sep. 30, 2022
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net (loss) income	$ (6,384)	$ 4,018	$ 6,457	$ 9,658	$ 7,499	$ 5,613	$ 4,091	$ 22,769
Weighted average shares outstanding - Basic (in shares)	33,129,000			19,852,000			24,354,000	19,842,000
Dilutive effect of common stock equivalents (in shares)	0			0			0	0
Weighted average shares outstanding - Diluted (in shares)	33,129,000			19,852,000			24,354,000	19,842,000
Anti-dilutive shares (in shares)	219,000			0			219,000	0
Earnings per common share - Basic (in dollars per share)	$ (0.19)			$ 0.49			$ 0.17	$ 1.15
Earnings per common share - Diluted (in dollars per share)	$ (0.19)			$ 0.49			$ 0.17	$ 1.15

Revenue Recognition (Noninteres

Revenue Recognition (Noninterest Income) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Noninterest Income
Noninterest Income (in-scope of Topic 606)	$ 6,350	$ 4,062	$ 13,450	$ 11,862
Noninterest Income (out-of-scope of Topic 606)	11,987	1,282	15,516	5,362
Total noninterest income	18,337	5,344	28,966	17,224
Service charges on deposit accounts
Noninterest Income
Noninterest Income (in-scope of Topic 606)	1,505	1,509	3,981	4,306
Trust and investment fee income
Noninterest Income
Noninterest Income (in-scope of Topic 606)	1,933	421	2,764	1,383
Interchange income
Noninterest Income
Noninterest Income (in-scope of Topic 606)	1,557	1,241	4,081	3,532
Title Company revenue
Noninterest Income
Noninterest Income (in-scope of Topic 606)	89	397	412	1,146
Other noninterest income
Noninterest Income
Noninterest Income (in-scope of Topic 606)	$ 1,266	$ 494	$ 2,212	$ 1,495