Shore Bancshares (SHBI) 10-K 15 Mar 24 2023 FY Annual report Financial data

Cover Page

Cover Page - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Mar. 12, 2024	Jun. 30, 2023
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
Current Fiscal Year End Date	--12-31
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 Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction	false
Entity Shell Company	false
Entity Public Float			$ 148.9
Entity Common Stock, Shares Outstanding		33,210,522
Documents Incorporated by Reference	Documents Incorporated by Reference Certain information required by Part III of this annual report is incorporated therein by reference to the definitive proxy statement for the 2024 Annual Meeting of Stockholders.
Entity Central Index Key	0001035092
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Amendment Flag	false

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2023
Auditor [Abstract]
Auditor Name	Yount, Hyde & Barbour, P.C.
Auditor Firm ID	613
Auditor Location	Winchester, Virginia

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
ASSETS
Cash and due from banks	$ 63,172	$ 37,661
Interest-bearing deposits with other banks	309,241	17,838
Cash and cash equivalents	372,413	55,499
Investment securities:
Investment securities - AFS	110,521	83,587
Held to maturity, net of allowance for credit losses of $94 (2023) (fair value of $457,830 (2023) and $494,627 (2022))	513,188	559,455
Equity securities, at fair value	5,703	1,233
Restricted securities, at cost	17,900	11,169
Loans held for sale, at fair value	8,782	4,248
Total Loans, gross	4,641,010	2,556,107
Less: allowance for credit losses	(57,351)	(16,643)
Total loans, net	4,583,659	2,539,464
Premises and equipment, net	82,386	51,488
Goodwill	63,266	63,266
Other intangible assets, net	48,090	5,547
OREO, net	179	197
Mortgage servicing rights, at fair value	5,926	5,275
Right-of-use assets	12,487	9,629
Cash surrender value on life insurance	101,704	59,218
Accrued interest receivable	19,217	9,384
Deferred income taxes	40,707	7,357
Other assets	24,790	11,260
TOTAL ASSETS	6,010,918	3,477,276
Deposits:
Noninterest-bearing	1,258,037	862,015
Interest-bearing	4,128,083	2,147,769
Total deposits	5,386,120	3,009,784
Advances from FHLB - short-term	0	40,000
Guaranteed preferred beneficial interest in junior subordinated debentures ("TRUPS")	29,158	18,398
Subordinated debt	43,139	24,674
Total borrowings	72,297	83,072
Lease liabilities	12,857	9,908
Other liabilities	28,509	10,227
TOTAL LIABILITIES	5,499,783	3,112,991
STOCKHOLDERS' EQUITY
Common stock, par value $.01 per share; shares authorized - 50,000,000; shares issued and outstanding - 33,161,532 (2023) and 19,864,956 (2022)	332	199
Additional paid in capital	356,007	201,494
Retained earnings	162,290	171,613
Accumulated other comprehensive loss	(7,494)	(9,021)
TOTAL STOCKHOLDERS' EQUITY	511,135	364,285
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 6,010,918	$ 3,477,276

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Available-for-sale, amortized cost	$ 120,832	$ 95,999
Held-to-maturity, allowance	94	0
Held to maturity, fair value	457,830	494,627
Loans, at fair value	$ 9,944	$ 8,437
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	50,000,000	50,000,000
Common stock, shares issued (in shares)	33,161,532	19,864,956
Common stock, shares outstanding (in shares)	33,161,532	19,864,956

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
INTEREST INCOME
Interest and fees on loans	$ 194,339	$ 99,122
Interest and dividends on taxable investment securities	16,832	11,507
Interest and dividends on tax-exempt investment securities	46	6
Interest on federal funds sold	92	0
Interest on deposits with other banks	2,770	3,210
Total interest income	214,079	113,845
INTEREST EXPENSE
Interest on deposits	68,800	9,983
Interest on short-term borrowings	5,518	74
Interest on long-term borrowings	4,454	2,486
Total interest expense	78,772	12,543
NET INTEREST INCOME	135,307	101,302
Provision for credit losses	30,953	1,925
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	104,354	99,377
NONINTEREST INCOME
Service charges on deposit accounts	5,501	5,652
Trust and investment fee income	3,608	1,784
Loss on sales and calls of investment securities	(2,166)	0
Interchange credits	5,714	4,812
Mortgage-banking revenue	4,513	5,210
Title Company revenue	551	1,340
Bargain purchase gain	8,816	0
Other noninterest income	6,622	4,288
Total noninterest income	33,159	23,086
NONINTEREST EXPENSE
Salaries and wages	44,645	35,931
Employee benefits	12,358	9,908
Occupancy expense	7,791	6,242
Furniture and equipment expense	2,551	2,018
Data processing	8,783	6,890
Directors' fees	1,156	839
Amortization of other intangible assets	6,105	1,988
FDIC insurance premium expense	3,479	1,426
Other real estate owned expenses, net	1	65
Legal and professional fees	4,337	2,840
Merger-related expenses	17,356	2,098
Other noninterest expenses	14,767	10,077
Total noninterest expense	123,329	80,322
Income before income taxes	14,184	42,141
Income tax expense	2,956	10,964
NET INCOME	$ 11,228	$ 31,177
Basic net income per common share (in dollars per share)	$ 0.42	$ 1.57
Diluted net income per common share (in dollars per share)	0.42	1.57
Dividends paid per common share (in dollars per share)	$ 0.48	$ 0.48

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 11,228	$ 31,177
Investment securities:
Unrealized holding gains (losses) on available-for-sale-securities	2,101	(12,488)
Tax effect	(574)	3,411
Total other comprehensive income (loss)	1,527	(9,077)
Comprehensive income	$ 12,755	$ 22,100

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Impact of ASC326 Adoption	Common Stock	Additional Paid in Capital	Retained Earnings	Retained Earnings Impact of ASC326 Adoption	Accumulated Other Comprehensive Income (loss)
Beginning of period at Dec. 31, 2021	$ 350,693		$ 198	$ 200,473	$ 149,966		$ 56
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	31,177				31,177
Other comprehensive (loss)	(9,077)						(9,077)
Common shares issued for employee stock purchase plan	386		1	385
Stock-based compensation	636			636
Cash dividends at $0.48 per common share	(9,530)				(9,530)
End of period 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]
Net income	$ 11,228				11,228
Other comprehensive (loss)	1,527						1,527
Common shares issued for employee stock purchase plan	385		1	384
Stock-based compensation	1,174			1,174
Cash dividends at $0.48 per common share	(12,733)				(12,733)
TCFC acquisition	153,087		132	152,955
End of period at Dec. 31, 2023	$ 511,135		$ 332	$ 356,007	$ 162,290		$ (7,494)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ 11,228	$ 31,177
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Net accretion of acquisition accounting estimates	(8,772)	(1,768)
Provision for credit losses	30,953	1,925
Depreciation and amortization	10,939	5,861
Net amortization of securities	838	1,414
Amortization of debt issuance costs	122	122
Bargain purchase gain	(8,816)	0
(Gain) on mortgage banking activities	(3,477)	(3,918)
Proceeds from sale of mortgage loans held for sale	121,734	131,286
Originations of loans held for sale	(123,376)	(102,144)
Stock-based compensation expense	1,174	636
Deferred income tax expense (benefit)	2,721	(1,182)
Losses on sales and calls of securities	2,166	0
Loss (Gain) on valuation adjustments on mortgage servicing rights	251	(372)
Loss on sale and valuation adjustments on premises transferred to held for sale	272	0
Losses on sales and disposals of premises and equipment	0	183
(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	(33)	0
Fair value adjustment on equity securities	(54)	157
Bank owned life insurance income	(1,997)	(1,118)
Net changes in:
Accrued interest receivable	(724)	(2,665)
Other assets	(10,875)	(1,450)
Accrued interest payable	2,095	297
Other liabilities	(3,653)	(5,838)
Net cash provided by operating activities	22,713	52,647
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from maturities and principal payments of investment securities available for sale	17,754	20,441
Proceeds from the sale of acquired AFS securities	434,215	0
Proceeds from maturities and principal payments of investment securities held to maturity	44,801	52,324
Proceeds from sale of loans held for investment	8,611	0
Purchase of securities available for sale	(33,226)	0
Purchases of securities held to maturity	0	(208,133)
Purchases of equity securities	(79)	(18)
Purchase of restricted securities	(35,350)	(8,560)
Net change in loans	(317,283)	(426,973)
Purchases of premises and equipment	(5,954)	(2,415)
Proceeds from disposal of premises held for sale	0	17
Proceeds from sales of other real estate owned	21	394
Improvements to other real estate owned	0	(34)
Redemption of restricted securities	32,959	1,550
Purchases of bank owned life insurance	(249)	(10,165)
Proceeds from disposal of premises held for sale	721	0
Cash acquired in the acquisition of TCFC	25,372	0
Net cash provided by (used in) investing activities	172,313	(581,572)
Net changes in:
Net change in deposits	243,236	(15,902)
Net (repayment) advances of short-term borrowings	(109,000)	35,857
Repayment of long-term borrowings	0	(10,000)
Common stock dividends paid	(12,733)	(9,530)
Issuance of common stock	385	386
Net cash provided by financing activities	121,888	811
Net increase (decrease) in cash and cash equivalents	316,914	(528,114)
Cash and cash equivalents at beginning of period	55,499	583,613
Cash and cash equivalents at end of period	372,413	55,499
Supplemental cash flows information:
Interest paid	74,038	12,621
Income taxes paid	7,293	11,851
Recognition (remeasurement of) lease liabilities arising from right-of-use assets	179	(456)
Transfer of loans	0	7,791
Transfers from loans to other real estate owned	0	69
Unrealized holding gains (losses) on available-for-sale-securities	2,101	(12,488)
Transfer of premises to held for sale (included in other assets)	$ 750	$ 0

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Statement of Stockholders' Equity [Abstract]
Dividends paid per common share (in dollars per share)	$ 0.48	$ 0.48

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The consolidated financial statements include the accounts of Shore Bancshares, Inc. and its subsidiaries (collectively referred to in these Notes as the “Company”), with all significant intercompany transactions eliminated. The investments in subsidiaries are recorded on the Company’s books (holding company only) on the basis of its equity in the net assets of the subsidiaries. The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America (“GAAP”). For purposes of comparability, certain reclassifications have been made to amounts previously reported to conform with the current period presentation. Reclassifications had no effect on prior year net income or stockholders’ equity. Nature of Operations The Company engages in the banking business through Shore United Bank, N.A., a Maryland commercial bank with trust powers. The Company’s primary source of revenue is derived from interest earned on commercial, residential mortgage and other loans, and fees charged in connection with lending and other banking services located in Maryland, Delaware and Virginia. The Company engages in the trust services business through the trust department at Shore United Bank, N.A. under the trade name Wye Trust and conducts secondary market lending activities through a division of the Bank. The Title Company engages in title work related to real estate transactions. Use of Estimates The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and affect the reported amounts of revenues earned and expenses incurred during the reporting period. Actual results could differ from those estimates. Estimates that could change significantly relate to the determination of the allowance for credit losses on loans, loans acquired in business combinations, valuation of deferred tax assets and the subsequent evaluation of goodwill for impairment. Investments in Debt Securities Investments in debt securities are classified as either held to maturity (“HTM”), available for sale (“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 allowance for credit losses (“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 $2.2 million at December 31, 2023 and at December 31, 2022 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 $94,000. 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. Equity Securities Equity securities with readily determinable fair values are carried at fair value, with changes in fair value reported in net income. Any equity securities without readily determinable fair values are carried at cost, minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for identical or similar investments. Restricted equity securities are carried at cost and are periodically evaluated for impairment based on the ultimate recovery of par value. The entirety of any impairment on equity securities is recognized in earnings. Loans Held for Sale (“LHFS”) The Company has elected to carry its mortgage loans originated for sale at fair value. Fair value is determined based on outstanding investor commitments or, in the absence of such commitments, on current investor yield requirements or third-party pricing models. Fair value adjustments are recorded at each balance sheet date with the changes in fair value recognized in mortgage banking revenue in the Consolidated Statements of Income. Gains and losses on loan sales are determined based on the differential between a loan’s carrying value and sales price and are recognized through mortgage-banking revenue in the Consolidated Statements of Income. LHFS are sold either with the mortgage servicing rights (“MSRs”) released or retained by the Bank. Mortgage Servicing Rights When mortgage loans are sold with servicing retained, the MSRs are initially recorded at fair value with the income statement effect recorded in mortgage banking revenue. Fair value is based on a valuation model that calculates the present value of estimated future net servicing income. The Company measures servicing rights at fair value at each reporting date and records the changes in fair value of servicing assets in earnings in the period in which the changes occur. These gains or losses are included in mortgage banking revenue in the Consolidated Statements of Income. Servicing fee income is also recorded in the mortgage banking revenue line item. 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 $16.8 million and $7.2 million at December 31, 2023 and December 31, 2022, respectively within the accrued interest receivable 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. Transfers of LHFS to Loans Held for Investment (“LHFI”) The Company may, from time to time, transfer LHFS to LHFI. Transfers of LHFS to LHFI are accounted for in accordance with the underlying accounting applied to the loan prior to its transfer. For loans where the fair value option had been elected, the Company continues to account for the loan at fair value in the LHFI portfolio. Subsequent changes in the fair value of these loans are recorded in interest income. During the year ended December 31, 2023, the Company had no transfers from LHFS to LHFI. There were $7.8 million transfers between LHFS and LHFI during the year ended December 31, 2022. 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 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 twenty four 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 12-month straight-line reversion of the corresponding economic independent variable from the last forecast to a historical average level. 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, concentrations, 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 The Company records a reserve, reported in other liabilities, for expected credit losses on commitments to extend credit that are not unconditionally cancellable by the Company. The reserve for unfunded commitments is measured based on the principles utilized in estimating the ACL on loans and an estimate of the amount of unfunded commitments expected to be advanced. Changes in the reserve for unfunded commitments are recorded through the provision for credit losses. During the 2023, the Company recorded a $436 thousand provision for credit losses associated with its unfunded commitments. Premises and Equipment Land is carried at cost and premises and equipment are stated at cost less accumulated depreciation and amortization. Depreciation and amortization are calculated using the straight-line method over the estimated useful lives of the assets. Useful lives range from three three Long-lived assets are evaluated periodically for impairment when events or changes in circumstances indicate the carrying amount may not be recoverable. Impairment exists when the expected undiscounted future cash flows of a long-lived asset are less than its carrying value. In that event, the Company recognizes a loss for the difference between the carrying amount and the estimated fair value of the asset. Mergers and Acquisitions Business combinations are accounted for under ASC 805, Business Combinations, using the acquisition method of accounting. The acquisition method of accounting requires an acquirer to recognize the assets acquired and the liabilities assumed at the acquisition date measured at their fair values as of that date. To determine the fair values, the Company relies on internal or third-party valuations, such as appraisals, valuations based on discounted cash flow analyses, or other valuation techniques. Under the acquisition method of accounting, the Company identifies the acquirer and the closing date and applies applicable recognition principles and conditions. Acquisition-related costs are costs the Company incurs to effect a business combination. Those costs include advisory, legal, accounting, valuation, and other professional or consulting fees. Some other examples of costs to the Company include systems conversions, integration planning consultants and advertising costs. The Company accounts for acquisition-related costs as expenses in the periods in which the costs are incurred and the services are received, with one exception. The costs to issue debt or equity securities is recognized in accordance with other applicable GAAP. These acquisition-related costs have been and will be included within the consolidated statements of income classified within the noninterest expenses caption. The most significant assessment of fair value in our accounting for business combinations relates to the valuation of an acquired loan portfolio. At acquisition, loans are classified as either (i) purchase credit-deteriorated (“PCD”) loans or (ii) non-PCD loans and are recorded at fair value on the date of acquisition. PCD loans are those for which there is more than insignificant evidence of credit deterioration since origination. Fair values are determined primarily through a discounted cash flow approach which considers the acquired loans’ underlying characteristics, including account types, remaining terms, annual interest rates, interest types, timing of principal and interest payments, current market rates, and remaining balances. Estimates of fair value also include estimates of default, loss severity, and estimated prepayments. At acquisition, an allowance for PCD loans is determined based upon the Company’s methodology for estimating the ACL on loans. This allowance is credited to the ACL on loans with a corresponding adjustment to the amortized cost basis of the loan on the date of the acquisition. The difference between the new amortized cost basis and the unpaid principal balance is either a noncredit discount or premium that is amortized or accreted to interest income over the remaining life of the loan. Disposals of PCD loans, which may include sale of loans to third parties, receipt of payments in full or in part from the borrower or foreclosure of the collateral, result in removal of the loan from the loan portfolio at its carrying amount. For non-PCD loans, an ACL is established in a manner that is consistent with the Company’s originated loans. The ACL is determined using the Company’s methodology and the related ACL for non-PCD loans is recorded through a charge to the provision for credit losses in the period in which the loans are purchased or acquired. The entirety of any purchase discount or premium on non-PCD loans is amortized or accreted to interest income over the remaining life of the loan. Goodwill and Other Intangible Assets Goodwill represents the excess of the cost of an acquisition over the fair value of the net assets acquired. Other intangible assets represent purchased assets that also lack physical substance but can be distinguished from goodwill because of contractual or other legal rights or because the asset is capable of being sold or exchanged either on its own or in combination with a related contract, asset or liability. Goodwill and other intangible assets are initially required to be recorded at fair value. Determining fair value is subjective, requiring the use of estimates, assumptions and management judgment. Goodwill is tested at least annually for impairment, usually during the fourth quarter, or on an interim basis if circumstances dictate. Intangible assets that have finite lives are amortized over their estimated useful lives and also are subject to impairment testing. If the fair value of a reporting unit is less than book value, an expense may be required to write down the related goodwill to record an impairment loss. As of December 31, 2023, the Company had one operating segment the Community Banking segment. Other intangible assets consist of core deposit intangible assets arising from whole bank and branch acquisitions and are amortized using an accelerated method over their estimated useful lives, which range from 7 to 10 years. During 2023 and 2022, goodwill and other intangible assets were subjected to assessments for impairment. No impairment charges were recognized in either year. Our assessment of goodwill concluded it was not more likely than not that the fair value of the Company's reporting unit was less than their carrying amount. Other Real Estate Owned (“OREO”) Other real estate owned represents assets acquired in satisfaction of loans either by foreclosure or deeds taken in lieu of foreclosure. Properties acquired are recorded at fair value less estimated selling costs at the time of acquisition, establishing a new cost basis. Thereafter, costs incurred to operate or carry the properties as well as reductions in value as determined by periodic appraisals are charged to operating expense. Gains and losses resulting from the final disposition of the properties are included in noninterest expense. Borrowings Short-term and long-term borrowings are comprised primarily of FHLB borrowings. The Company’s short-term borrowings may also include advances on other lines of credit with correspondent banks or repurchase agreements with customers. The repurchase agreements are securities sold to the Company’s customers, at the customers’ request, under a continuing “roll-over” contract that matures in one business day. The underlying securities sold are U.S. Government agency securities, which are segregated from the Company’s other investment securities by its safekeeping agents. Subordinated Debt Subordinated debt is carried at its outstanding principal balance, net of any unamortized issuance costs and acquisition related fair value adjustments. For additional information on the Company’s subordinated debt, refer to Note 9 of the Consolidated Financial Statements. Income Taxes The Company and its subsidiary file a consolidated federal income tax return. The Company accounts for income taxes using the liability method in accordance with required accounting guidance. Under this method, deferred tax assets and liabilities are determined by applying the applicable federal and state income tax rates to cumulative temporary differences. These temporary differences represent differences between financial statement carrying amounts and the corresponding tax bases of certain assets and liabilities. Deferred taxes result from such temporary differences. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the period that includes the enactment date. A valuation allowance, if needed, reduces deferred tax assets to the expected amount most likely to be realized. Realization of deferred tax assets is dependent on the generation of a sufficient level of future taxable income, recoverable taxes paid in prior years and tax planning strategies. The Company evaluates all positive and negative evidence before determining if a valuation allowance is deemed necessary regarding the realization of deferred tax assets. The Company recognizes accrued interest and penalties as a component of tax expense. The provision for income taxes includes the impact of reserve provisions and changes in the reserves that are considered appropriate as well as the related net interest and penalties. In addition, the Company is subject to the continuous examination of its income tax returns by the IRS and other tax authorities which may assert assessments against the Company. The Company regularly assesses the likelihood of adverse outcomes resulting from these examinations and assessments to determine the adequacy of its provision for income taxes. The Company remains subject to examination for tax years ending on or after December 31, 2020. Derivative Financial Instruments and Hedging We account for derivatives in accordance with FASB literature on accounting for derivative instruments and hedging activities. When we enter into a derivative contract, we designate the derivative as held for trading, an economic hedge, or a qualifying hedge as detailed in the literature. The designation may change based upon management’s reassessment or changing circumstances. Derivatives utilized by the Company include interest rate lock commitments (“IRLC” or “IRLCs”) and forward settlement contracts. IRLCs occur when we originate mortgage loans with interest rates determined prior to funding. Forward settlement contracts are agreements to buy or sell a quantity of a financial instrument, index, currency, or commodity at a predetermined future date, rate, or price. We designate at inception whether a derivative contract is considered hedging or non-hedging. All of our derivatives are nonexchange traded contracts, and as such, their fair value is based on dealer quotes, pricing models, discounted cash flow methodologies, or similar techniques for which the determination of fair value may require significant management judgement or estimation. For qualifying hedges, we formally document at inception all relationships between hedging instruments and hedged items, as well as risk management objectives and strategies for undertaking various accounting hedges. We primarily utilize derivatives to manage interest rate sensitivity. At December 31, 2023 and 2022 we did not have any designated hedges. Basic and Diluted Earnings Per Common Share Basic earnings per share is calculated by dividing net income available to common stockholders by the weighted-average number of common shares outstanding and does not include the effect of any potentially dilutive common stock equivalents. Included in this calculation due to dividend participation rights are restricted stock awards which have been granted. Diluted earnings per share is calculated by dividing net income by the weighted-average number of shares outstanding, adjusted for the effect of any potentially dilutive common stock equivalents. Transfers of Financial Assets Transfers of financial assets are accounted for as sales, when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (i) the assets have been isolated from the Company, (ii) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (iii) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity. Cash and Cash Equivalents Cash and due from banks, interest-bearing deposits with other banks and federal funds sold are considered “cash and cash equivalents” for financial reporting purposes. Certain interest-bearing deposits with banks may exceed balances that are recoverable under Federal Deposit Insurance Corporation (“FDIC”) insurance. Balances in excess of FDIC insurance at December 31, 2023 were approximately $8.7 million and approximately $1.8 million at December 31, 2022. Share-Based Compensation The Company may grant share-based compensation to employees and non-employee directors in the form of restricted stock, restricted stock units and stock options. The fair value of restricted stock is determined based on the closing price of the Parent’s common stock on the date of grant. The Company recognizes compensation expense related to restricted stock on a straight-line basis over the vesting period for service-based awards. The fair value of RSUs is initially valued based on the closing price of the Parent’s common stock on the date of grant and is amortized in the statement of income over the vesting period. The RSUs are subsequently remeasured in each reporting period until settlement based on the quantity of awards for which it is probable that the performance conditions will be achieved. The fair value of stock options is estimated at the date of grant using the Black-Scholes option pricing model and related assumptions. The Company uses historical data to predict option exercise and employee termination behavior. Expected volatilities are based on the historical volatility of the Parent’s common stock. The expected term of options granted is derived from actual historical exercise activity and represents the period of time that options granted are expected to be outstanding. The risk-free rate is derived from the U.S. Treasury yield curve in effect at the time of grant based on the expected life of the option. The dividend yield is equal to the dividend yield of the Parent’s common stock at the time

Business Combinations

Business Combinations	12 Months Ended
	Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract]
Business Combinations	BUSINESS COMBINATION 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 $8.8 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 included as taxable income for tax purposes. As 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. (In thousands, except per share data) Purchase Price Consideration: Fair value of common shares issued (13,201,693 shares) based on Shore Bancshares, Inc. share price of $11.56 $ 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 asset 48,648 Other assets 89,808 Total identifiable assets $ 2,412,833 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 $ 162,408 Provisional bargain purchase gain $ (8,816) ____________________________________ (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 acquired assets and assumed liabilities of TCFC were measured at fair value as of the Acquisition Date. Management made significant estimates and exercised significant judgement in accounting for the acquisition of TCFC. The following is a brief description of the valuation methodologies used to estimate the fair values of major categories of assets acquired and liabilities assumed. The Company utilized a valuation specialist to assist with the determination of fair values for certain acquired assets and assumed liabilities 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 and remaining balances. Valuations also considered default rates, loss severity estimates, and estimates related to expected prepayments over the contractual lives of the loans. The effect of the valuation process was a total net discount $120.9 million at the Acquisition Date. The core deposit intangible was valued using an income approach focused on cost savings, which recognizes the cost savings represented by the expense of maintaining the core deposit base versus the cost of an alternative funding source. The valuation incorporates assumptions related to account retention, discount rates, deposit interest rates, deposit maintenance costs and alternative funding rates. The fair value of premises acquired was based on recent third-party appraised values of the properties, with fair value adjustments made to both the buildings and any associated parcels of land. Acquired equipment was based on the remaining net book value of TCFC, which approximated fair value. The fair value of noninterest bearing demand deposits, interest checking, money market and savings deposit accounts from TCFC were assumed to approximate the carrying value as these accounts have no stated maturity and are payable on demand. Certificates of deposit were valued at the present value of the certificates’ expected contractual payments discounted at market rates for certificates with similar terms. The estimated fair value of the acquired portfolio of debt securities was based on quoted market prices and dealer quotes. Substantially all the acquired portfolio was sold following the acquisition. The estimated fair value of short-term borrowings was determined to approximate their stated value. Subordinated debt and trust preferred debt were valued using a discounted cash flow approach incorporating a discount rate that considered market terms, maturities, and credit ratings.

Investment Securities

Investment Securities	12 Months Ended
	Dec. 31, 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 December 31, 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 Company’s accounting policies and policy elections related to the accounting standard update refer to Note 1. The following table summarizes the activity in the ACL on HTM securities. (Dollars in thousands) Three Months Ended December 31, 2023 Twelve Months Ended December 31, 2023 Balance, beginning of period $ 126 $ — Other debt securities, provision for credit losses (32) 94 Balance, end of period $ 94 $ 94 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 fourth quarter of 2023, a provision of $(32) thousand was recorded based on the results of our evaluation at December 31, 2023. A provision for credit losses of $94 thousand was recorded for the twelve months ended December 31, 2023. The following table provides information on the amortized cost and estimated fair values of investment securities at December 31, 2023 and December 31, 2022. (Dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Available-for-sale securities: December 31, 2023 U.S. Treasury and government agencies $ 23,472 $ 5 $ 3,002 $ 20,475 Mortgage-backed securities 91,280 5 7,258 84,027 Other debt securities 6,080 59 120 6,019 Total $ 120,832 $ 69 $ 10,380 $ 110,521 December 31, 2022 U.S. Treasury and government agencies $ 21,798 $ 5 $ 3,625 $ 18,178 Mortgage-backed securities 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 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 $434.2 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 Held-to-maturity securities: December 31, 2023 U.S. Treasury and government agencies $ 143,442 $ — $ 10,377 $ 133,065 Mortgage-backed securities 357,870 — 43,864 314,006 Obligations of states and political subdivisions 1,470 57 19 1,508 Other debt securities 10,500 — 1,249 9,251 Total $ 513,282 $ 57 $ 55,509 $ 457,830 December 31, 2022 U.S. Treasury and government agencies $ 148,097 $ — $ 13,601 $ 134,496 Mortgage-backed securities 398,884 — 50,464 348,420 Obligations of 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 $5.7 million at December 31, 2023 and $1.2 million at December 31, 2022 are presented separately on the balance sheet. The fair value adjustment recorded through earnings totaled $54 thousand for 2023 and $(0.2) million for 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 December 31, 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 December 31, 2023. December 31, 2023 Investment Grade (Dollars in thousands) Aaa Aa1 A3 Baa1 Baa2 NR Total U.S. Treasury and government agencies $ 140,761 $ — $ — $ — $ — $ 2,681 $ 143,442 Mortgage-backed securities 357,870 — — — — — 357,870 Obligations of states and political subdivisions — 1,470 — — — — 1,470 Other debt securities — — 4,000 4,000 500 2,000 10,500 Total held-to-maturity securities $ 498,631 $ 1,470 $ 4,000 $ 4,000 $ 500 $ 4,681 $ 513,282 The following table provides 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 December 31, 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 December 31, 2023 Available-for-sale securities: U.S. Treasury and government agencies $ 74 $ — $ 17,750 $ 3,002 $ 17,824 $ 3,002 Mortgage-backed securities 24,405 150 52,864 7,108 77,269 7,258 Other debt securities — — 1,890 120 1,890 120 Total $ 24,479 $ 150 $ 72,504 $ 10,230 $ 96,983 $ 10,380 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. Treasury and government agencies $ 1,165 $ 4 $ 16,585 $ 3,588 $ 17,750 $ 3,592 Mortgage-backed securities 29,125 2,409 34,167 6,290 63,292 8,699 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. Treasury and government agencies $ 67,332 $ 2,786 $ 67,163 $ 10,815 $ 134,495 $ 13,601 Mortgage-backed securities 148,771 9,402 199,649 41,062 348,420 50,464 Obligations of 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 115 AFS debt securities with a fair value below the amortized cost basis, with unrealized losses totaling $10.4 million as of December 31, 2023. The Company concluded that a credit loss does not exist in its AFS securities portfolio as of December 31, 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 December 31, 2023. All of the securities with unrealized losses in the portfolio have modest duration risk, low credit risk, and minimal losses when compared to total amortized cost. The unrealized losses on debt securities that exist are the result of market changes in interest rates since original purchase and are not related to credit concerns. Because the Company does not intend to sell these securities and it is not more likely than not that the Company will be required to sell these securities before recovery of their amortized cost bases, which may be at maturity for debt securities, the Company considers the unrealized losses to be temporary. There were a 115 available-for-sale securities and a 185 held to maturity securities in an unrealized loss position at December 31, 2023. There were 192 available-for-sale securities and a 116 held to maturity securities in an unrealized loss position at December 31, 2022. The following table provides information on the amortized cost and estimated fair values of investment securities by maturity date at December 31, 2023. Available for sale Held to maturity (Dollars in thousands) Amortized Cost Fair Value Amortized Cost Fair Value Due in one year or less $ 2,447 $ 2,449 $ 7,000 $ 6,927 Due after one year through five years 16,491 15,439 119,768 113,227 Due after five years through ten years 29,257 26,436 50,538 45,833 Due after ten years 72,637 66,197 335,976 291,843 Total $ 120,832 $ 110,521 $ 513,282 $ 457,830 The maturity dates for debt securities are determined using contractual maturity dates. 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 December 31, 2023, the aggregate carrying value of pledged AFS and HTM pledged securities was $54.5 million and $185.9 million, respectively. The comparable amounts for December 31, 2022 were $72.1 million and $19.2 million, respectively. The following table sets forth the amortized cost and estimated fair values of securities which have been pledged as collateral for obligations to federal, state and local government agencies, and other purposes as required or permitted by law, or sold under agreements to repurchase at December 31, 2023 and 2022. 2023 2022 (Dollars in thousands) Amortized Cost Fair Value Amortized Cost Fair Value Pledged available-for-sale securities $ 62,290 $ 54,489 $ 83,288 $ 72,108 Pledged held-to-maturity securities 185,876 167,649 19,158 16,305 There were no obligations of states or political subdivisions with carrying values, as to any issuer, exceeding 10% of stockholders’ equity at December 31, 2023 or 2022.

Loans and Allowance for Credit

Loans and Allowance for Credit Losses	12 Months Ended
	Dec. 31, 2023
Loans and Leases Receivable Disclosure [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 1 – Summary of Significant Accounting Policies. All loan information presented as of December 31, 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, Stafford County, Spotsylvania County, and Fredericksburg city in Virginia. The following table provides information about the principal classes of the loan portfolio at December 31, 2023 and December 31, 2022 (Dollars in thousands) December 31, 2023 % of Total Loans December 31, 2022 % of Total Loans Construction $ 299,000 6.40 % $ 246,319 9.60 % Residential real estate 1,490,438 32.10 % 810,497 31.70 % Commercial real estate 2,286,154 49.30 % 1,065,409 41.70 % Commercial 229,939 5.00 % 147,856 5.80 % Consumer 328,896 7.10 % 286,026 11.20 % Credit Cards 6,583 0.10 % — — % Total loans $ 4,641,010 100.00 % $ 2,556,107 100.00 % Allowance for credit losses (57,351) (16,643) Total loans, net $ 4,583,659 $ 2,539,464 In the normal course of banking business, loans are made to officers and directors and their affiliated interests. These loans are made on substantially the same terms and conditions as those prevailing at the time for comparable transactions with persons who are not related to the Company and are not considered to involve more than the normal risk of collectability. As of December 31, 2023 and 2022, such loans outstanding, both direct and indirect (including guarantees), to directors, their associates and policy-making officers, totaled approximately $53.1 million and $24.1 million, respectively. During 2023 and 2022, loan additions were approximately $35.9 million and $7.7 million of which $27.4 million were due to the 2023 acquisition of TCFC and loan repayments and no longer reportable loans were approximately $1.3 million and $2.2 million, respectively. 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 $2.2 million and $1.4 million at December 31, 2023 and December 31, 2022. At December 31, 2023 and December 31, 2022, included in total loans were $297.9 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 $4.7 million and $6.7 million at December 31, 2023 and December 31, 2022, respectively. At December 31, 2023 included in total loans were $1.6 billion acquired as part of the acquisition of TCFC, effective July 1, 2023. This balance was presented net of the related discount which totaled $108.4 million at December 31, 2023. The following purchased credit deteriorated loans were acquired in connection with the TCFC merger on July 1, 2023. (Dollars in thousands) Par Value Purchase Discount Allowance Purchase Price Construction $ 177 $ (11) $ (3) $ 163 Residential real estate 8,379 (1,307) (215) 6,857 Commercial real estate 55,779 (6,950) (985) 47,844 Commercial 2,317 (243) (278) 1,796 Consumer 519 (38) (14) 467 Credit Card 999 (222) (18) 759 Total $ 68,170 $ (8,771) $ (1,513) $ 57,886 At December 31, 2023, the Bank was servicing $371.5 million in loans for the Federal National Mortgage Association and $113.2 million in loans for Freddie Mac. The following tables provides information on nonaccrual loans by loan class as of December 31, 2023. (Dollars in thousands) Non-accrual with no allowance for credit loss Non-accrual with an allowance for credit loss Total Non-accruals December 31, 2023 Nonaccrual loans: Construction $ 626 $ — $ 626 Residential real estate 5,865 480 6,345 Commercial real estate 4,364 — 4,364 Commercial 176 368 544 Consumer 216 689 905 Total $ 11,247 $ 1,537 $ 12,784 Interest income $ 399 $ 53 $ 452 (Dollars in thousands) Non-accrual Delinquent Loans Non-accrual Current Loans Total Non-accruals December 31, 2023 Nonaccrual loans: Construction $ 221 $ 405 $ 626 Residential real estate 4,137 2,208 6,345 Commercial real estate 1,215 3,149 4,364 Commercial 28 516 544 Consumer 903 2 905 Total $ 6,504 $ 6,280 $ 12,784 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 December 31, 2023 and gross write-offs during the twelve months ended December 31, 2023. Term Loans by Origination Year Revolving loans Revolving converted to term loans Total (Dollars in thousands) Prior 2019 2020 2021 2022 2023 December 31, 2023 Construction Pass $ 23,450 $ 15,721 $ 14,773 $ 34,325 $ 101,426 $ 100,620 $ 8,056 $ — $ 298,371 Substandard 199 — — 12 418 — — — 629 Total $ 23,649 $ 15,721 $ 14,773 $ 34,337 $ 101,844 $ 100,620 $ 8,056 $ — $ 299,000 Gross Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Residential real estate Pass $ 317,528 $ 54,387 $ 105,269 $ 251,269 $ 392,378 $ 239,914 $ 119,777 $ 874 $ 1,481,396 Special Mention 154 256 564 503 — — 192 — 1,669 Substandard 6,000 — — — — — 1,373 — 7,373 Total $ 323,682 $ 54,643 $ 105,833 $ 251,772 $ 392,378 $ 239,914 $ 121,342 $ 874 $ 1,490,438 Gross Charge-offs $ — $ — $ — $ — $ — $ — $ (119) $ — $ (119) Commercial real estate Pass $ 670,042 $ 190,753 $ 311,980 $ 426,750 $ 428,240 $ 210,915 $ 14,873 $ 2,138 $ 2,255,691 Special Mention 14,986 331 — 5,501 4,446 — 100 409 25,773 Substandard 2,119 2,029 — 542 — — — — 4,690 Total $ 687,147 $ 193,113 $ 311,980 $ 432,793 $ 432,686 $ 210,915 $ 14,973 $ 2,547 $ 2,286,154 Gross Charge-offs $ (512) $ — $ (814) $ — $ — $ — $ — $ — $ (1,326) Commercial Pass $ 23,771 $ 12,946 $ 14,464 $ 41,621 $ 35,897 $ 27,901 $ 49,160 $ 22,284 $ 228,044 Special Mention 143 — — 425 — — 251 — 819 Substandard 160 69 — — 487 — 314 46 1,076 Total $ 24,074 $ 13,015 $ 14,464 $ 42,046 $ 36,384 $ 27,901 $ 49,725 $ 22,330 $ 229,939 Gross Charge-offs $ (1) $ — $ — $ — $ — $ — $ (242) $ (243) Consumer Pass $ 621 $ 961 $ 14,158 $ 76,629 $ 143,507 $ 91,415 $ 699 $ — $ 327,990 Special Mention — — — — — — 2 — 2 Substandard — 38 5 80 780 — 1 — 904 Total $ 621 $ 999 $ 14,163 $ 76,709 $ 144,287 $ 91,415 $ 702 $ — $ 328,896 Gross Charge-offs $ (522) $ — $ (16) $ (17) $ (8) $ (4) $ (7) $ — $ (574) Total Pass $ 1,035,412 $ 274,768 $ 460,644 $ 830,594 $ 1,101,448 $ 670,765 $ 192,565 $ 25,296 $ 4,591,492 Special Mention 15,283 587 564 6,429 4,446 — 545 409 28,263 Substandard 8,478 2,136 5 634 1,685 — 1,688 46 14,672 Total loans by risk category $ 1,059,173 $ 277,491 $ 461,213 $ 837,657 $ 1,107,579 $ 670,765 $ 194,798 $ 25,751 $ 4,634,427 Total gross charge-offs $ (1,035) $ — $ (830) $ (17) $ (8) $ (4) $ (126) $ (242) $ (2,262) Term Loans by Origination Year Revolving loans Revolving converted to term loans Total (Dollars in thousands) Prior 2019 2020 2021 2022 2023 Credit Cards Performing $ — $ — $ — $ — $ — $ — $ 6,583 $ — $ 6,583 Non-Performing — — — — — — — — — Total $ — $ — $ — $ — $ — $ — $ 6,583 $ — $ 6,583 Gross Charge-offs $ — $ — $ — $ — $ — $ — $ (111) $ — $ (111) Total loans evaluated by performing status $ — $ — $ — $ — $ — $ — $ 6,583 $ — $ 6,583 Total gross charge-offs $ — $ — $ — $ — $ — $ — $ (111) $ — $ (111) Total Recorded Investment $ 1,059,173 $ 277,491 $ 461,213 $ 837,657 $ 1,107,579 $ 670,765 $ 201,381 $ 25,751 $ 4,641,010 The following tables provide information on the aging of loan portfolio as of December 31, 2023 and December 31, 2022. Current Accrual Loans (1) Current Non-accrual Loans Total (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 past due December 31, 2023 Construction $ 1,919 $ — $ — $ 220 $ 2,139 $ 296,456 $ 405 $ 299,000 Residential real estate 2,962 1,198 108 2,668 6,936 1,481,294 2,208 1,490,438 Commercial real estate 16 — — 1,222 1,238 2,281,767 3,149 2,286,154 Commercial 48 — 488 28 564 228,859 516 229,939 Consumer 3,224 1,415 — 879 5,518 323,376 2 328,896 Credit Cards 35 36 142 — 213 6,370 — 6,583 Total $ 8,204 $ 2,649 $ 738 $ 5,017 $ 16,608 $ 4,618,122 $ 6,280 $ 4,641,010 Percent of total loans 0.2 % 0.1 % — % 0.1 % 0.4 % 99.5 % 0.1 % 100.0 % ____________________________________ (1) Includes loans measured at fair value of $9.9 million at December 31, 2023. Accruing Nonaccrual PCI Total (Dollars in thousands) Current (1) 30‑59 days past due 60‑89 days past due Greater than 90 days Total past due 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 twelve months ended December 31, 2023 and December 31, 2022. Allocation of a portion of the allowance to one loan class does not include its availability to absorb losses in other loan classes. (Dollars in thousands) Beginning Balance Impact of ASC326 Adoption Merger Adjustments (2) Charge-offs Recoveries Net (charge-offs) recoveries Provision Ending Balance For the year ended December 31, 2023 Construction $ 2,973 $ 1,222 $ 3 $ — $ 15 $ 15 $ (278) $ 3,935 Residential real estate 2,622 4,974 215 (119) 44 (75) 14,213 21,949 Commercial real estate 4,899 3,742 985 (1,326) — (1,326) 12,675 20,975 Commercial 1,652 401 278 (243) 11 (232) 572 2,671 Consumer (1) 4,497 452 14 (574) 284 (290) 2,928 7,601 Credit Card — — 18 (111) — (111) 313 220 Total $ 16,643 $ 10,791 $ 1,513 $ (2,373) $ 354 $ (2,019) $ 30,423 $ 57,351 ____________________________________ (1) Gross charge-offs of consumer loans for the twelve months ended December 31, 2023 included $0.2 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 Provision Ending Balance For the year ended December 31, 2022 Allowance for credit losses: Construction $ 2,454 — 13 13 506 $ 2,973 Residential real estate 2,858 (5) 142 137 (373) 2,622 Commercial real estate 4,598 (6) 951 945 (644) 4,899 Commercial 2,070 (546) 227 (319) (99) 1,652 Consumer 1,964 (31) 29 (2) 2,535 4,497 Total $ 13,944 $ (588) $ 1,362 $ 774 $ 1,925 $ 16,643 The following table presents the amortized cost basis of collateral-dependent loans by loan portfolio segment. December 31, 2023 (Dollars in thousands) Real Estate Collateral Other Collateral Total Construction $ 662 $ — $ 662 Residential real estate 8,047 — 8,047 Commercial real estate 6,134 — 6,134 Commercial — 1,106 1,106 Consumer — 904 904 Total $ 14,843 $ 2,010 $ 16,853 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 December 31, 2023. Loan Modifications to Borrowers Experiencing Financial Difficulty Modifications to borrowers experiencing financial difficulty may include interest rate reduction, principal or interest forgiveness, forbearance, term extensions, and other actions intended to minimize economic loss and to avoid foreclosure or repossession of collateral. The following illustrates the most common loan modifications by loan classes offered by the Company that are required to be disclosed pursuant to the requirements of ASU 2022-02: Loan Classes Modification Types Commercial Real Estate Term extension greater than three months. Commercial Term extension greater than three months. The following table presents the amortized cost basis of loan modifications made to borrowers experiencing financial difficulty during twelve months ended December 31, 2023. (dollars in thousands) Term Extension Interest Rate Reduction Payment Delay and Term Extension Term Extension and Interest Rate Reduction Payment Delay Total % of Total Portfolio Segment December 31, 2023 Construction $ — $ — $ — $ — $ — $ — — % Residential real estate — — — — — — — Residential rentals — — — — — — — Commercial real estate 125 — — — — 125 0.01 Commercial 242 — — — — 242 0.11 Consumer — — — — — — — Credit Cards — — — — — — — Total $ 367 $ — $ — $ — $ — $ 367 0.01 The following table presents the financial effect of loan modifications made to borrowers experiencing financial difficulty during the twelve months ended December 31, 2023. (dollars in thousands) Weighted-Average Months of Term Extension December 31, 2023 Construction 0 Residential real estate 0 Residential rentals 0 Commercial real estate 12 Commercial 12 Consumer 0 Credit Cards 0 During the twelve months ended December 31, 2023, there were no defaults on loan modifications made to borrowers experiencing financial difficulty. The following table present the aging analysis of loan modifications made to borrowers experiencing financial difficulty as of December 31, 2023. Accruing (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 past due Current Accrual Current Non-Accrual Total Recorded Investment December 31, 2023 Construction $ — $ — $ — $ — $ — $ — $ — $ — Residential real estate — — — — — — — — Residential rentals — — — — — — — — Commercial real estate — — — — — — 125 125 Commercial — — — — — 153 89 242 Consumer — — — — — — — — Credit Cards — — — — — — — — Total $ — $ — $ — $ — $ — $ 153 $ 214 $ 367 Foreclosure Proceedings There were $0.2 million of consumer mortgage loans collateralized by residential real estate property that were in the process of foreclosure as of December 31, 2023 and $0.3 million as of December 31, 2022, respectively. There were no residential real estate properties included in the balance of OREO at December 31, 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) For the Year Ended December 31, 2022 Accretable yield, beginning of period $ 5,367 Accretion (1,603) Reclassification of nonaccretable difference due to improvement in expected cash flows 469 Other changes, net 506 Accretable yield, end of period $ 4,739 The following tables include impairment information relating to loans and the ACL on loans as of December 31, 2022. (Dollars in thousands) Loans individually evaluated for impairment Loans collectively evaluated for impairment (1) Acquired loans - PCI Total December 31, 2022 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 allocated to: Loans individually evaluated for impairment Loans collectively evaluated for impairment Total allowance December 31, 2022 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. (Dollars in thousands) Unpaid principal balance Recorded investment with no allowance Recorded investment with an allowance Related allowance Year-to-date average recorded investment Interest income recognized December 31, 2022 Impaired nonaccrual loans: Construction $ 297 $ 297 $ — $ — $ 309 $ — Residential real estate 1,363 1,259 — — 1,661 — Commercial real estate 159 150 — — 604 — Commercial 359 174 — — 227 — Consumer 29 28 — — 43 — Total $ 2,207 $ 1,908 $ — $ — $ 2,844 $ — Impaired accruing TDRs: Construction $ 10 $ 10 $ — $ — $ 16 $ 1 Residential real estate 2,849 1,176 1,539 127 2,979 108 Commercial real estate 1,680 1,680 — — 2,095 56 Commercial — — — — — — Consumer — — — — 5 — Total $ 4,539 $ 2,866 $ 1,539 $ 127 $ 5,095 $ 165 Other impaired accruing loans: Construction $ 24 $ 24 $ — $ — $ 215 $ 6 Residential real estate 1,107 1,107 — — 474 3 Commercial real estate 710 710 — — 553 30 Commercial — — — — 51 1 Consumer — — — — 15 — Total $ 1,841 $ 1,841 $ — $ — $ 1,308 $ 40 Total impaired loans: Construction $ 331 $ 331 $ — $ — $ 540 $ 7 Residential real estate 5,319 3,542 1,539 127 5,114 111 Commercial real estate 2,549 2,540 — — 3,252 86 Commercial 359 174 — — 278 1 Consumer 29 28 — — 63 — Total $ 8,587 $ 6,615 $ 1,539 $ 127 $ 9,247 $ 205 Management uses risk ratings as part of its monitoring of the credit quality in the Company’s loan portfolio. Loans that are identified as special mention, substandard or doubtful are adversely rated. These loans and the pass/watch loans are assigned higher qualitative factors than favorably rated loans in the calculation of the formula portion of the allowance for credit losses. At December 31, 2022, there were no nonaccrual loans classified as special mention or doubtful and $1.9 million of nonaccrual loans were classified as substandard. The following tables provide information on loan risk ratings at December 31, 2022. (Dollars in thousands) Pass/Performing (1) Pass/Watch 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 on December 31, 2022. The following tables provide a roll-forward for TDRs as of and for the years ended December 31, 2022. (Dollars in thousands) 1/1/2022 New TDRs Disbursements (Payments) Charge-offs Reclassifications/ Transfer In/ (Out) Payoffs 12/31/2022 Related Allowance For the Year Ended December 31, 2022 Accruing TDRs Construction $ 24 $ — $ (14) $ — $ — $ — $ 10 $ — Residential real estate 2,836 — (100) — (20) (1) 2,715 (127) Commercial real estate 2,807 — (180) — — (947) 1,680 — Commercial — — — — — — — — Consumer — — — — — — — — Total $ 5,667 $ — $ (294) $ — $ (20) $ (948) $ 4,405 $ (127) Nonaccrual TDRs Construction $ — $ — $ — $ — $ — $ — $ — $ — Residential real estate — — (6) — 20 — 14 — Commercial real estate — — — — — — — — Commercial 216 — (46) — — — 170 — Consumer — — — — — — — — Total $ 216 $ — $ (52) $ — $ 20 $ — $ 184 $ — Total $ 5,883 $ — $ (346) $ — $ — $ (948) $ 4,589 $ (127)

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	12 Months Ended
	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND OTHER INTANGIBLE ASSETS	GOODWILL AND OTHER INTANGIBLE ASSETS The following table provides information on the significant components of goodwill and other acquired intangible assets at December 31, 2023 and December 31, 2022. December 31, 2023 (Dollars in thousands) Gross Additions Measurement Accumulated Accumulated Net Carrying Weighted Average Goodwill $ 65,476 $ — $ — $ (1,543) $ (667) $ 63,266 — Other intangible assets Amortizable Core deposit intangible $ 10,503 $ 48,648 $ — $ — $ (11,061) $ 48,090 3.7 Total other intangible assets $ 10,503 $ 48,648 $ — $ — $ (11,061) $ 48,090 December 31, 2022 (Dollars in thousands) Gross Carrying Amount Measurement Accumulated Impairment Charges Accumulated Amortization Net Carrying Amount Weighted Average Remaining Life Goodwill $ 65,631 $ (155) $ (1,543) $ (667) $ 63,266 — Other intangible assets Amortizable Core deposit intangible $ 10,503 $ — $ — $ (4,956) $ 5,547 2.6 Total other intangible assets $ 10,503 $ — $ — $ (4,956) $ 5,547 The aggregate amortization expense was $6.1 million and $2.0 million for the years ended December 31, 2023 and 2022, respectively. At December 31, 2023, estimated future remaining amortization for amortizing core deposit intangible within the years ending December 31, is as follows: (Dollars in thousands) Amortization Expense 2024 $ 9,779 2025 8,589 2026 7,398 2027 6,208 2028 5,060 Thereafter 11,056 Total amortizing intangible assets $ 48,090

Leases

Leases	12 Months Ended
	Dec. 31, 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. Some of these 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 as of and for the years ended December 31, 2023 and December 31, 2022. (Dollars in thousands) December 31, 2023 December 31, 2022 Lease liabilities $ 12,857 $ 9,908 Right-of-use assets $ 12,487 $ 9,629 Weighted average remaining lease term 10.88 years 12.55 years Weighted average discount rate 3.24 % 2.50 % Remaining lease term - min 0.39 years 0.16 years Remaining lease term - max 17.68 years 18.68 years For the Year Ended Lease cost (in thousands) December 31, 2023 December 31, 2022 Operating lease cost $ 1,645 $ 1,355 Short-term lease cost — — Total lease cost $ 1,645 $ 1,355 Cash paid for amounts included in the measurement of lease liabilities $ 1,553 $ 1,268 The following table presents a maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total of operating lease liabilities at December 31, 2023. Lease payments due (in thousands) As of 2024 $ 1,801 2025 1,617 2026 1,575 2027 1,469 2028 1,419 Thereafter 7,261 Total undiscounted cash flows $ 15,142 Discount 2,285 Lease liabilities $ 12,857 Total gross rental income was $1.2 million and $1.3 million for the years ended December 31, 2023 and December 31, 2022, respectively. The following table presents our minimum future annual rental income on such leases at December 31, 2023. (In thousands) As of 2024 $ 833 2025 854 2026 876 2027 562 2028 578 Thereafter 2,521 Total $ 6,224
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. Some of these 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 as of and for the years ended December 31, 2023 and December 31, 2022. (Dollars in thousands) December 31, 2023 December 31, 2022 Lease liabilities $ 12,857 $ 9,908 Right-of-use assets $ 12,487 $ 9,629 Weighted average remaining lease term 10.88 years 12.55 years Weighted average discount rate 3.24 % 2.50 % Remaining lease term - min 0.39 years 0.16 years Remaining lease term - max 17.68 years 18.68 years For the Year Ended Lease cost (in thousands) December 31, 2023 December 31, 2022 Operating lease cost $ 1,645 $ 1,355 Short-term lease cost — — Total lease cost $ 1,645 $ 1,355 Cash paid for amounts included in the measurement of lease liabilities $ 1,553 $ 1,268 The following table presents a maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total of operating lease liabilities at December 31, 2023. Lease payments due (in thousands) As of 2024 $ 1,801 2025 1,617 2026 1,575 2027 1,469 2028 1,419 Thereafter 7,261 Total undiscounted cash flows $ 15,142 Discount 2,285 Lease liabilities $ 12,857 Total gross rental income was $1.2 million and $1.3 million for the years ended December 31, 2023 and December 31, 2022, respectively. The following table presents our minimum future annual rental income on such leases at December 31, 2023. (In thousands) As of 2024 $ 833 2025 854 2026 876 2027 562 2028 578 Thereafter 2,521 Total $ 6,224

Premises and Equipment

Premises and Equipment	12 Months Ended
	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
PREMISES AND EQUIPMENT	PREMISES AND EQUIPMENT The following table provides information on premises and equipment at December 31, 2023 and December 31, 2022. (Dollars in thousands) December 31, 2023 December 31, 2022 Land $ 19,041 $ 10,886 Buildings and land improvements 67,506 48,605 Furniture and equipment 14,820 8,177 101,367 67,668 Accumulated depreciation (18,981) (16,180) Total $ 82,386 $ 51,488

Deposits

Deposits	12 Months Ended
	Dec. 31, 2023
Deposits [Abstract]
DEPOSITS	DEPOSITS Deposits consist of the following categories as of the dates indicated: (dollars in thousands) December 31, 2023 December 31, 2022 Balance % Balance % Noninterest-bearing demand $ 1,258,037 23.36 % $ 862,015 28.64 % Interest-bearing: Demand 1,165,546 21.64 694,101 23.06 Money market deposits 1,430,603 26.56 709,132 23.56 Savings 347,324 6.45 320,188 10.64 Certificates of deposit 1,184,610 21.99 424,348 14.10 Total interest-bearing 4,128,083 76.64 % 2,147,769 71.36 % Total Deposits $ 5,386,120 100.00 % $ 3,009,784 100.00 % As of December 31, 2023 and 2022, deposits, both direct and indirect, from executive officers and directors, their associates and policy-making officers, totaled approximately $35.6 million and $11.9 million, respectively. The following table provides information on the approximate maturities of total time deposits at December 31, 2023 and December 31, 2022. (dollars in thousands) December 31, 2023 December 31, 2022 Within one year $ 1,042,343 $ 230,715 Year 2 78,585 138,356 Year 3 36,469 23,860 Year 4 12,081 17,327 Year 5 14,955 14,051 Thereafter 177 39 Total $ 1,184,610 $ 424,348 The approximate amount of certificates of deposit of $250,000 or more was $354.6 million and $77.7 million at December 31, 2023 and 2022, respectively.

Borrowings

Borrowings	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
BORROWINGS	BORROWINGS The Company may periodically borrow from a correspondent federal funds line of credit arrangement, under a secured reverse repurchase agreement, or from the FHLB to meet short-term liquidity needs. The following table summarizes certain information on short-term borrowings as of and for the years ended December 31, 2023 and December 31, 2022. December 31, 2023 December 31, 2022 (Dollars in thousands) Amount Rate Amount Rate Average for the Year Repurchase agreements $ — — % $ 683 0.25 % FHLB Advances 111,392 4.95 1,863 3.87 At Year End Repurchase agreements $ — — % $ — — % FHLB Advances — — 40,000 4.57 Securities sold under agreements to repurchase are securities sold to customers, at the customers’ request, under a “roll-over” contract that matures in one business day. The underlying securities sold are U.S. Government agency securities, which are segregated in the Company’s custodial accounts from other investment securities. The Bank had $45.0 million in federal funds lines of credit and a reverse repurchase agreement available on a short-term basis from correspondent banks at December 31, 2023 and 2022. In addition, the Bank had secured credit availability of approximately $659.0 million from the FHLB at December 31, 2023. The Bank has pledged as collateral, under a blanket lien, all qualifying residential loans under borrowing agreements with the FHLB. The Bank had letters of credit with FHLB of $86.1 million and $6.1 million as of December 31, 2023 and 2022, respectively. These letters of credit are used to secure public deposits held with various municipal customers. The Bank had no borrowings from the FHLB at December 31, 2023 and $40.0 million short term FHLB borrowings at December 31, 2022. (dollars in thousands) December 31, 2023 December 31, 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 (4,822) (2,547) Total long-term debt $ 72,297 $ 43,072 At December 31, 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. As of December 31, 2023, the recorded balance of subordinated debt issued by the Company and the assumed subordinated debt from TCFC, net of unamortized issuance costs and fair value discounts, were $24.8 million and $18.3 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 December 31, 2023 was $18.6 million, net of the unamortized fair value adjustment of $2.0 million. At December 31, 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. As both the Capital Trust I and Capital Trust II variable-rate capital securities were originally LIBOR-linked instruments that matured after June 30, 2023, the interest rate transitioned from a LIBOR-based rate to an alternative reference rate. Both instruments were subject to the Adjustable Interest Rate (LIBOR) Act (the “LIBOR Act”) and neither instrument contains fallback provision or a clearly practicable fallback provision in the event that LIBOR was no longer published or quoted. The interest rate on both the Capital Trust I and Capital Trust II transitioned pursuant to the LIBOR Act to a rate based on the Secured Overnight Financing Rate (“SOFR”) on July 1, 2023.

Benefit Plans

Benefit Plans	12 Months Ended
	Dec. 31, 2023
Retirement Benefits [Abstract]
BENEFIT PLANS	BENEFIT PLANS 401(k) and Profit Sharing Plan - The Company has a 401(k) and profit sharing plan covering substantially all full-time employees. The plan calls for matching contributions by the Company, and the Company makes discretionary contributions based on profits. Company contributions to this plan included in noninterest expense totaled $1.7 million and $1.3 million for 2023 and 2022, respectively. Employee Stock Ownership Plan - Prior to the closing of the acquisition of TCFC, TCFC paid into the Employee Stock Ownership Plan (“ESOP”) and adopted resolutions to (i) terminate the ESOP and (ii) provide for full vesting of all account balances in the ESOP. A determination letter has been filed with the IRS to terminate the ESOP and the ESOP will be terminated if and when the IRS issues a favorable determination letter.

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Dec. 31, 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, 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 value of $11.56 per share as a result of the merger with TCFC. The vesting period for the outstanding restricted stock grants and restricted stock units is between three one The following tables provide information on stock-based compensation expense for the years ended December 31, 2023 and December 31, 2022. (Dollars in thousands) December 31, 2023 December 31, 2022 Stock-based compensation expense $ 1,174 $ 636 (Dollars in thousands) December 31, 2023 December 31, 2022 Unrecognized stock-based compensation expense $ 1,859 $ 138 Weighted average period unrecognized expense is expected to be recognized 1.3 years 0.2 years The following tables summarize the unvested restricted stock and restricted stock unit awards outstanding for the Company for the years ended December 31, 2023 and 2022, respectively. Restricted Stock Restricted Stock Units December 31, 2023 December 31, 2023 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 44,340 15.58 91,047 11.56 Vested (38,184) 19.68 (15,573) 11.56 Forfeited (1,671) 17.49 (1,202) 11.56 Nonvested at end of period 45,322 15.42 165,055 11.56 Restricted Stock Restricted Stock Units December 31, 2022 December 31, 2022 Number of Shares Weighted Average Grant Date Fair Value Number of Shares Weighted Average Grant Date Fair Value Nonvested at beginning of period 29,425 $ 13.95 — $ — Granted 34,184 20.48 — — Vested (26,749) 13.75 — — Forfeited — — — — Nonvested at end of period 36,860 20.15 — —

Derivatives

Derivatives	12 Months Ended
	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVES	DERIVATIVES The Company maintains and account for derivatives, in the form of 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, closing and sale of the loan generally ranges from 14 days to 120 days. For these IRLCs and our closed inventory in loans held for sale , 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 December 31, 2023 and December 31, 2022. December 31, 2023 December 31, 2022 (Dollars in thousands) Notional Amount Estimated Fair Value Notional Amount Estimated Fair Value Asset - IRLCs $ 6,785 $ 110 $ 4,166 $ 35 Asset - TBA securities 1,000 2 8,750 41 Liability - IRLCs — — 1,150 7 Liability - TBA securities 18,000 176 1,000 6

Deferred Compensation

Deferred Compensation	12 Months Ended
	Dec. 31, 2023
Deferred Compensation Arrangements [Abstract]
DEFERRED COMPENSATION	DEFERRED COMPENSATION The Company has multiple deferred compensation agreements with current and former employees. The Executive Deferred Compensation Plan is reserved for members of management and highly compensated employees of the Company and the Bank. During 2019, the Executive Deferred Compensation Plan was expanded to include additional officers who had not previously participated. The Executive Deferred Compensation Plan permits a participant to elect, each year, to defer receipt of up to 100% of his or her salary and bonus to be earned in the following year. The Executive Deferred Compensation Plan also permits the participant to defer the receipt of performance-based compensation not later than six months before the end of the period for which it is to be earned. The deferred amounts are credited to an account maintained on behalf of the participant and are invested at the discretion of each participant in certain deemed investment options selected by the Compensation Committee of the Board of the Company. The actual investments purchased are owned by the Company and held in a Rabbi Trust. The accounts of the Rabbi Trust are consolidated and the investments are included in other assets on the Consolidated Balance Sheets. The Company and the Bank may also make matching, mandatory and discretionary contributions for certain participants. A participant is fully vested at all times in the amounts that he or she elects to defer. Any contributions by the Company will vest over a five-year period. The following table provides information on Shore Bancshares, Inc.’s contributions and participant deferrals to the Executive Deferred Compensation Plan for 2023 and 2022 and the related deferred compensation liability. (Dollars in thousands) December 31, 2023 December 31, 2022 Elective deferrals $ 273 $ 238 Deferred compensation liability 1,576 948 During 2019, the Company introduced a new SERP plan for executive officers of the Company and the Bank. The related liability is unfunded; however, BOLI was purchased to offset the benefit costs. The following table provides information on the expense recognized during the years ended December 31, 2023 and December 31, 2022, as well as the balance of the unfunded SERP liability and the cash surrender value of policies purchased to offset the SERP benefit costs as of December 31, 2023 and December 31, 2022. The unfunded SERP liability and cash surrender value were included in other liabilities and other assets, respectively. (Dollars in thousands) December 31, 2023 December 31, 2022 Cash surrender value $ 98,140 $ 56,117 Deferred compensation liability - SERP 12,869 4,177 SERP Expense 1,405 1,063 Lastly, in 2016, the Bank assumed agreements held by the former CNB Bank under which its former directors had elected to defer part of their fees and compensation while serving on the former Board of CNB. The amounts deferred were invested in insurance policies on the lives of the respective individuals. Amounts available under the policies are to be paid to the individuals as retirement benefits over future years. The following table includes information on the deferred compensation liability and cash surrender value as of December 31, 2023 and December 31, 2022. (Dollars in thousands) December 31, 2023 December 31, 2022 Deferred compensation liability $ 388 $ 450 Cash surrender value 2,322 2,260

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	12 Months Ended
	Dec. 31, 2023
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
ACCUMULATED OTHER COMPREHENSIVE LOSS	ACCUMULATED OTHER COMPREHENSIVE 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 years ended December 31, 2023 and December 31, 2022. Twelve Months Ended December 31, 2023 Twelve Months Ended December 31, 2022 (Dollars in thousands) Net Unrealized Gains And (Losses) Net Unrealized Gains And (Losses) Beginning of period $ (9,021) $ 56 Other comprehensive income (loss), net of tax 1,527 (9,077) End of period $ (7,494) $ (9,021)

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The Company files income tax returns in the U.S. federal jurisdiction and the State of Maryland. With few exceptions, the Company is no longer subject to U.S. Federal and State income tax examinations by tax authorities for years prior to 2020. The following table provides information on components of income tax expense for the years ended December 31, 2023 and December 31, 2022. (Dollars in thousands) December 31, 2023 December 31, 2022 Current tax expense: Federal $ 172 $ 8,814 State 63 3,332 235 12,146 Deferred income tax (benefit) expense: Federal 1,692 (911) State 1,029 (271) 2,721 (1,182) Total income tax expense $ 2,956 $ 10,964 The following table provides a reconciliation of tax computed at the statutory federal tax rate to the actual tax expense for the years ended December 31, 2023 and December 31, 2022. December 31, 2023 December 31, 2022 Tax at federal statutory rate 21.0 % 21.0 % Tax effect of: Tax-exempt income (3.6) (1.0) State income taxes, net of federal benefit 6.1 5.7 Bargain purchase gain (13.1) — Nondeductible compensation costs 3.9 — Nondeductible merger related expenses 2.6 — Other 3.9 0.3 Actual income tax expense rate 20.8 % 26.0 % The following table provides information on significant components of the Company’s deferred tax assets and liabilities for the years ended December 31, 2023 and December 31, 2022. (Dollars in thousands) December 31, 2023 December 31, 2022 Deferred tax assets: Allowance for credit losses $ 14,534 $ 4,460 Write-downs of OREO 33 21 Nonaccrual loan interest 344 345 Lease liabilities 3,326 2,635 Deferred compensation 4,160 1,522 Federal net operating loss 6,528 — State net operating loss 2,448 722 Deferred loan costs 1,775 1,183 Acquisition fair value adjustments 30,452 2,580 Unrealized losses on available-for-sale securities 2,825 3,399 Other 1,398 883 Total deferred tax assets 67,823 17,750 Less valuation allowance (1,015) (791) Deferred tax assets, net of valuation allowance 66,808 16,959 Deferred tax liabilities: Depreciation 4,320 2,491 Right-of-use assets 3,229 2,560 Mortgage servicing rights 1,541 1,405 Acquisition fair value adjustments 2,401 466 Deferred capital gain on branch sale 207 220 Intangibles 13,611 2,290 Other 792 170 Total deferred tax liabilities 26,101 9,602 Net deferred tax assets $ 40,707 $ 7,357

Regulatory Capital Requirements

Regulatory Capital Requirements	12 Months Ended
	Dec. 31, 2023
Regulatory Capital Requirements under Banking Regulations [Abstract]
Regulatory Capital Requirements	REGULATORY CAPITAL REQUIREMENTS 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 December 31, 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, 2023, the most recent notification from our primary regulator categorized Shore United Bank, N.A., as well capitalized under the regulatory framework for prompt corrective action. There are 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 require a common equity Tier 1 capital to risk-weighted assets ratio of 4.5%, a ratio of Tier 1 capital to risk-weighted assets of 6.0%, a ratio of Total Capital to risk-weighted assets of 8.0%, and a Tier 1 leverage ratio of 4.0%. A capital conservation buffer is also established above the regulatory minimum capital requirements of 2.50% for all regulatory risk-weighted ratios. 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. The following tables present the capital amounts and ratios at December 31, 2023 and December 31, 2022. Regulatory Capital and Ratios Regulatory Minimum Ratio + Capital Conversation Buffer ( 1) The Company The Bank (dollars in thousands) 2023 2022 2023 2022 Common equity $ 511,135 $ 364,285 $ 570,100 $ 395,594 Goodwill (63,266) (63,266) (63,266) (63,266) Core deposit intangible (2) (38,069) (5,547) (38,069) (5,547) DTAs that arise from net operating loss and tax credit carry forwards (8,977) — (6,059) — AOCI (gains) losses 7,494 9,021 7,494 9,021 Common Equity Tier 1 Capital 408,317 304,493 470,200 335,802 TRUPs 29,158 18,398 — — Tier 1 Capital 437,475 322,891 470,200 335,802 Allowable reserve for credit losses and other Tier 2 adjustments 58,586 16,854 58,586 16,854 Subordinated notes 43,139 24,674 — — Total Capital 539,200 364,419 528,786 352,656 Risk-Weighted Assets ("RWA") 4,697,504 2,619,400 4,693,009 2,618,939 Average Assets ("AA") 5,649,116 3,390,516 5,644,930 3,386,771 Common Tier 1 Capital to RWA 7.00% 8.69 % 11.62 % 10.02 % 12.82 % Tier 1 Capital to RWA 8.50% 9.31 % 12.33 % 10.02 % 12.82 % Total Capital to RWA 10.50% 11.48 % 13.91 % 11.27 % 13.47 % Tier 1 Capital to AA (Leverage) (3) n/a 7.74 % 9.52 % 8.33 % 9.92 % ___________________________________ (1) The regulatory minimum capital ratio + the capital conservation buffer . (2) Core deposit intangible at December 31, 2023 is net of deferred tax liability. (3) Tier 1 Capital to AA (Leverage) has no capital conservation buffer defined. The PCA well capitalized is defined as 5.00% 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.

Restrictions on Cash and Amount

Restrictions on Cash and Amounts Due from Banks	12 Months Ended
	Dec. 31, 2023
Cash and Cash Equivalents [Abstract]
RESTRICTIONS ON CASH AND AMOUNTS DUE FROM BANKS	RESTRICTIONS ON CASH AND AMOUNTS DUE FROM BANKS The Bank was required to maintain average balances on hand or with the Federal Reserve Bank. The Federal Reserve Bank announced on March 15, 2020, the reduction of reserve requirement ratios to zero percent effective March 26, 2020, which eliminated reserve requirements for all depository institutions.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 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 and to determine fair value disclosures. Securities available for sale and equity securities with readily determinable fair values are recorded at fair value on a recurring basis. Additionally, from time to time, the Company may be required to record at fair value other assets on a nonrecurring basis, such as impaired loans, loans held for sale and OREO (foreclosed assets). 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. Assets Measured at Fair Value on a Recurring Basis Investment Securities Available for Sale Fair value measurement for investment securities available for sale 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 online resources. Although these securities have readily available fair market values, the Company deems that they be classified as level 2 investments in the fair value hierarchy due to not being considered traded in a highly active market. Loans Held for Sale Loans held for sale 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 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 December 31, 2023 MSRs (1) $ 5,926 Market Approach Weighted average prepayment speed (PSA) (2) 129 IRLCs - net asset $ 110 Market Approach Range of pull through rate 78% - 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 year ended December 31, 2023. (Dollars in thousands) For the Year Ended Beginning balance $ 5,275 Servicing rights resulting from sales of loans 712 Servicing rights acquired in acquisition of TCFC 190 Valuation adjustment (251) Ending balance $ 5,926 The following table presents activity in the IRLCs for the year ended December 31, 2023. (Dollars in thousands) For the Year Ended Beginning balance $ 28 Valuation adjustment 82 Ending balance $ 110 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 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 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 for the years ended December 31, 2023. No assets were transferred from one hierarchy level to another during 2023 or 2022. (Dollars in thousands) Fair Value Quoted Prices Significant Other Observable Inputs (Level 2) Significant Other Observable Inputs (Level 3) December 31, 2023 Assets: Securities available for sale: U.S. Government agencies $ 20,475 $ — $ 20,475 $ — Mortgage-backed 84,027 — 84,027 — Other debt securities 6,019 — 6,019 — 110,521 — 110,521 — Equity securities 5,703 — 5,703 — TBA forward trades 2 — 2 — Loans Held for Sale 8,782 — 8,782 — Loans Held for Investment, at fair value 9,944 — 9,944 — MSRs 5,926 — — 5,926 IRLCs 110 — — 110 Total assets at fair value $ 140,988 $ — $ 134,952 $ 6,036 Liabilities: TBA forward trades $ 176 $ — $ 176 $ — Total liabilities at fair value $ 176 $ — $ 176 $ — (Dollars in thousands) Fair Value Quoted Prices Significant Other Observable Inputs (Level 2) Significant Other Observable Inputs (Level 3) 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 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. OREO (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 for the years ended December 31, that are valued at the lower of cost or market. 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 December 31, 2023 Nonrecurring measurements: Individually evaluated collateral dependent loan $ 633 Appraisal of collateral (1) Appraisal adjustment (2) Liquidation expense (2) 51% 10% 51% 10% Other real estate owned $ 179 Appraisal of collateral (1) Appraisal adjustment (2) 0% - 20% 0% Quantitative Information about Level 3 Fair Value Measurements (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range Weighted Average December 31, 2022 Nonrecurring measurements: Other real estate owned $ 197 Appraisal of collateral (1) Appraisal adjustment (2) 0% - 20% (2%) _____________________________ (1) Unobservable inputs were weighted by the relative fair value of the instruments. (2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal. 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 following table presents the carrying amounts and estimated fair values of the Company’s financial instruments for the years ended December 31, 2023 and December 31, 2022. Fair values for December 31, 2023 and December 31, 2022 were estimated using an exit price notion. December 31, 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 $ 372,413 $ 372,413 $ 372,413 $ — $ — Investment securities - AFS 110,521 110,521 — 110,521 — Investment securities - HTM, net 513,188 457,830 — 457,830 — Equity securities 5,703 5,703 — 5,703 — Restricted securities 17,900 17,900 — 17,900 — Loans held for sale 8,782 8,782 — 8,782 — TBA derivatives trades 2 2 — 2 — Cash surrender value on life insurance 101,704 101,704 — 101,704 — Loans, at fair value 9,944 9,944 — 9,944 — Loans, net 4,573,715 4,477,468 — — 4,477,468 MSRs 5,926 5,926 — — 5,926 IRLCs 110 110 — — 110 Liabilities Deposits: Noninterest-bearing demand $ 1,258,037 $ 1,258,037 $ — $ 1,258,037 $ — Checking plus interest 1,165,546 1,165,546 — 1,165,546 — Money Market 1,430,603 1,430,603 — 1,430,603 — Savings 347,324 347,324 — 347,324 — Certificates of Deposit 1,184,610 1,184,447 — 1,184,447 — Subordinated debt 43,139 42,579 — 42,579 — TRUPS 29,158 28,266 — 28,266 — TBA Securities 176 176 — 176 — 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 320,188 320,188 — 320,188 — 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	12 Months Ended
	Dec. 31, 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 and to determine fair value disclosures. Securities available for sale and equity securities with readily determinable fair values are recorded at fair value on a recurring basis. Additionally, from time to time, the Company may be required to record at fair value other assets on a nonrecurring basis, such as impaired loans, loans held for sale and OREO (foreclosed assets). 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. Assets Measured at Fair Value on a Recurring Basis Investment Securities Available for Sale Fair value measurement for investment securities available for sale 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 online resources. Although these securities have readily available fair market values, the Company deems that they be classified as level 2 investments in the fair value hierarchy due to not being considered traded in a highly active market. Loans Held for Sale Loans held for sale 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 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 December 31, 2023 MSRs (1) $ 5,926 Market Approach Weighted average prepayment speed (PSA) (2) 129 IRLCs - net asset $ 110 Market Approach Range of pull through rate 78% - 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 year ended December 31, 2023. (Dollars in thousands) For the Year Ended Beginning balance $ 5,275 Servicing rights resulting from sales of loans 712 Servicing rights acquired in acquisition of TCFC 190 Valuation adjustment (251) Ending balance $ 5,926 The following table presents activity in the IRLCs for the year ended December 31, 2023. (Dollars in thousands) For the Year Ended Beginning balance $ 28 Valuation adjustment 82 Ending balance $ 110 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 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 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 for the years ended December 31, 2023. No assets were transferred from one hierarchy level to another during 2023 or 2022. (Dollars in thousands) Fair Value Quoted Prices Significant Other Observable Inputs (Level 2) Significant Other Observable Inputs (Level 3) December 31, 2023 Assets: Securities available for sale: U.S. Government agencies $ 20,475 $ — $ 20,475 $ — Mortgage-backed 84,027 — 84,027 — Other debt securities 6,019 — 6,019 — 110,521 — 110,521 — Equity securities 5,703 — 5,703 — TBA forward trades 2 — 2 — Loans Held for Sale 8,782 — 8,782 — Loans Held for Investment, at fair value 9,944 — 9,944 — MSRs 5,926 — — 5,926 IRLCs 110 — — 110 Total assets at fair value $ 140,988 $ — $ 134,952 $ 6,036 Liabilities: TBA forward trades $ 176 $ — $ 176 $ — Total liabilities at fair value $ 176 $ — $ 176 $ — (Dollars in thousands) Fair Value Quoted Prices Significant Other Observable Inputs (Level 2) Significant Other Observable Inputs (Level 3) 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 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. OREO (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 for the years ended December 31, that are valued at the lower of cost or market. 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 December 31, 2023 Nonrecurring measurements: Individually evaluated collateral dependent loan $ 633 Appraisal of collateral (1) Appraisal adjustment (2) Liquidation expense (2) 51% 10% 51% 10% Other real estate owned $ 179 Appraisal of collateral (1) Appraisal adjustment (2) 0% - 20% 0% Quantitative Information about Level 3 Fair Value Measurements (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range Weighted Average December 31, 2022 Nonrecurring measurements: Other real estate owned $ 197 Appraisal of collateral (1) Appraisal adjustment (2) 0% - 20% (2%) _____________________________ (1) Unobservable inputs were weighted by the relative fair value of the instruments. (2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal. 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 following table presents the carrying amounts and estimated fair values of the Company’s financial instruments for the years ended December 31, 2023 and December 31, 2022. Fair values for December 31, 2023 and December 31, 2022 were estimated using an exit price notion. December 31, 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 $ 372,413 $ 372,413 $ 372,413 $ — $ — Investment securities - AFS 110,521 110,521 — 110,521 — Investment securities - HTM, net 513,188 457,830 — 457,830 — Equity securities 5,703 5,703 — 5,703 — Restricted securities 17,900 17,900 — 17,900 — Loans held for sale 8,782 8,782 — 8,782 — TBA derivatives trades 2 2 — 2 — Cash surrender value on life insurance 101,704 101,704 — 101,704 — Loans, at fair value 9,944 9,944 — 9,944 — Loans, net 4,573,715 4,477,468 — — 4,477,468 MSRs 5,926 5,926 — — 5,926 IRLCs 110 110 — — 110 Liabilities Deposits: Noninterest-bearing demand $ 1,258,037 $ 1,258,037 $ — $ 1,258,037 $ — Checking plus interest 1,165,546 1,165,546 — 1,165,546 — Money Market 1,430,603 1,430,603 — 1,430,603 — Savings 347,324 347,324 — 347,324 — Certificates of Deposit 1,184,610 1,184,447 — 1,184,447 — Subordinated debt 43,139 42,579 — 42,579 — TRUPS 29,158 28,266 — 28,266 — TBA Securities 176 176 — 176 — 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 320,188 320,188 — 320,188 — 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	12 Months Ended
	Dec. 31, 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 for the years ended December 31, 2023 and December 31, 2022. (Dollars in thousands) December 31, 2023 December 31, 2022 Commitments to extend credit $ 613,266 $ 406,353 Letters of credit 28,519 8,009 Total $ 641,785 $ 414,362 The Bank has established a reserve for off balance sheet credit exposures of $1.1 million.The reserve is established as losses are estimated to have occurred through a loss for off balance sheet credit exposures charged to earnings. Losses are charged against the allowance when management believes the required funding of these exposures is uncollectible. While this evaluation is completed on a regular basis, it is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. 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 of the Company’s existing Maryland customers with multi-state operations. While the Company is providing banking services to customers that are engaged in growing, processing, and sales of both medical and adult-use cannabis in a manner that complies with applicable state law, such customers engaged in those activities currently violate Federal law. 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 December 31, 2023, the Company has 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 customers: • Deposit and loan balances at December 31, 2023 were approximately $310.2 million, or 5.80% of total deposits, and $73.7 million, or 1.60% of total gross loans, respectively. • Interest and noninterest income for the year ended December 31, 2023, were approximately $11.2 million and $1.1 million, respectively. In the normal course of business, Shore Bancshares, Inc. and its subsidiaries may become involved in litigation arising from banking, financial, and other activities. Management, after consultation with legal counsel, does not anticipate that the future liability, if any, arising out of current proceedings will have a material effect on the Company’s financial condition, operating results, or liquidity.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2023
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONSThe Company leases a portion of one of its facilities to a law firm, in which the Chairman of the Board of the Company and the Bank is a partner. In January 2022, the lease entered the final five-year renewal option under the leasing agreement. The total rent payments received were $0.3 million for the year ended December 31, 2023 and $0.3 million for the year ended December 31, 2022. The law firm also reimburses the Company for its share of common area maintenance and utilities. In addition, the law firm represents the Company and the Bank in certain legal matters. Other related party transactions consisting of normal lending and depository relationships are described in Note 4. Loans and Allowance for Credit Losses and Note 8. Deposits, respectively.

Earnings Per Common Share

Earnings Per Common Share	12 Months Ended
	Dec. 31, 2023
Earnings Per Share [Abstract]
EARNINGS PER COMMON SHARE	EARNINGS PER COMMON 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 common stock equivalents (stock-based awards). The following table provides information relating to the calculation of earnings per common share for the years ended December 31, 2023 and December 31, 2022. (In thousands, except per share data) December 31, 2023 December 31, 2022 Net Income $ 11,228 $ 31,177 Average number of common shares outstanding 26,572 19,847 Dilutive effect of common stock equivalents 2 — Average number of shares used to calculate diluted EPS 26,574 19,847 Anti-dilutive shares — $ — Earnings per common share Basic $ 0.42 $ 1.57 Diluted $ 0.42 $ 1.57 As of December 31, 2023 and 2022, there were no unvested common stock equivalents excluded from the calculation of diluted earnings per share as their effect would be anti-dilutive.

Revenue Recognition

Revenue Recognition	12 Months Ended
	Dec. 31, 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 are primarily comprised of 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 December 31, 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 years ended December 31, 2023 and 2022. (Dollars in thousands) December 31, 2023 December 31, 2022 Noninterest Income In-scope of Topic 606: Service charges on deposit accounts $ 5,501 $ 5,652 Trust and investment fee income 3,608 1,784 Interchange income 5,714 4,812 Title Company revenue 551 1,340 Other noninterest income 2,961 1,752 Noninterest Income (in-scope of Topic 606) 18,335 15,340 Noninterest Income (out-of-scope of Topic 606) 14,824 7,746 Total Noninterest Income $ 33,159 $ 23,086 Contract Balances A contract asset balance occurs when an entity performs a service for a customer before the customer pays consideration (resulting in a contract receivable) or before payment is due (resulting in a contract asset). A contract liability balance is an entity’s obligation to transfer a service to a customer for which the entity has already received payment (or payment is due) from the customer. The Company’s noninterest revenue streams are largely based on transactional activity, or standard month-end revenue accruals such as asset management fees based on month-end market values. Consideration is often received immediately or shortly after the Company satisfies its performance obligation and revenue is recognized. The Company does not typically enter into long-term revenue contracts with customers, and therefore, does not experience significant contract balances. As of December 31, 2023 and 2022, the Company did not have any significant contract balances.

Parent Company Financial Inform

Parent Company Financial Information	12 Months Ended
	Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract]
PARENT COMPANY FINANCIAL INFORMATION	PARENT COMPANY FINANCIAL INFORMATION The following tables provide condensed financial information for Shore Bancshares, Inc. (Parent Company Only) at and for the years ending December 31, 2023 and 2022. Condensed Balance Sheets (Dollars in thousands) December 31, 2023 December 31, 2022 Assets Cash $ 7,345 $ 7,145 Investment in subsidiaries 571,298 396,897 Other assets 7,926 5,392 Total assets $ 586,569 $ 409,434 Liabilities Accrued interest payable $ 1,050 $ 744 Other liabilities 2,087 1,333 Long-term debt 72,297 43,072 Total liabilities 75,434 45,149 Stockholders’ equity Common stock 332 199 Additional paid in capital 356,007 201,494 Retained earnings 162,290 171,613 Accumulated other comprehensive (loss) (7,494) (9,021) Total stockholders’ equity 511,135 364,285 Total liabilities and stockholders’ equity $ 586,569 $ 409,434 Condensed Statements of Income For the Year Ended (Dollars in thousands) December 31, 2023 December 31, 2022 Income Dividends from subsidiaries $ 22,000 $ 5,500 Company owned life insurance income 141 67 Bargain purchase gain 8,816 — Total income 30,957 5,567 Expenses Interest expense 4,454 2,451 Salaries and employee benefits 358 324 Occupancy and equipment expense 1 — Legal and professional fees, including merger expenses 5,164 1,654 Other operating expenses 775 540 Total expenses 10,752 4,969 Income before income tax (benefit) and equity (deficit) in undistributed net income of subsidiaries 20,205 598 Income tax (benefit) (1,557) (1,059) Income before (deficit) equity in undistributed net income of subsidiaries 21,762 1,657 Equity (deficit) in undistributed net income of subsidiaries (10,534) 29,520 Net income $ 11,228 $ 31,177 Condensed Statements of Cash Flows For the Year Ended (Dollars in thousands) December 31, 2023 December 31, 2022 Cash flows from operating activities: Net income $ 11,228 $ 31,177 Adjustments to reconcile net income to cash provided by operating activities: Deficit (equity) in undistributed net income of subsidiaries 10,534 (29,521) Bargain purchase gain (8,816) — Amortization of debt issuance costs 122 122 Stock-based compensation expense 1,174 636 Company owned life insurance income (141) (67) Acquisition accounting adjustments 557 188 Net (increase) decrease in other assets (1,267) 387 Net (decrease) increase in other liabilities (682) 275 Net cash provided by operating activities 12,709 3,197 Cash flows from investing activities: Purchase of company owned life insurance (249) — Cash acquired in the acquisition of TCFC, net of cash paid 88 — Net cash (used in) investing activities (161) — Cash flows from financing activities: Common stock dividends paid (12,733) (9,530) Issuance of common stock 385 386 Net cash (used in) financing activities (12,348) (9,144) Net increase (decrease) in cash and cash equivalents 200 (5,947) Cash and cash equivalents at beginning of year 7,145 13,092 Cash and cash equivalents at end of year $ 7,345 $ 7,145

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Pay vs Performance Disclosure
Net income (loss)	$ 11,228	$ 31,177

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 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

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Nature of Operations	Nature of Operations The Company engages in the banking business through Shore United Bank, N.A., a Maryland commercial bank with trust powers. The Company’s primary source of revenue is derived from interest earned on commercial, residential mortgage and other loans, and fees charged in connection with lending and other banking services located in Maryland, Delaware and Virginia. The Company engages in the trust services business through the trust department at Shore United Bank, N.A. under the trade name Wye Trust and conducts secondary market lending activities through a division of the Bank. The Title Company engages in title work related to real estate transactions.
Use of Estimates	Use of Estimates The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and affect the reported amounts of revenues earned and expenses incurred during the reporting period. Actual results could differ from those estimates. Estimates that could change significantly relate to the determination of the allowance for credit losses on loans, loans acquired in business combinations, valuation of deferred tax assets and the subsequent evaluation of goodwill for impairment.
Investments in Debt Securities	Investments in Debt Securities Investments in debt securities are classified as either held to maturity (“HTM”), available for sale (“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 allowance for credit losses (“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 $2.2 million at December 31, 2023 and at December 31, 2022 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 $94,000. 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.
Equity Securities	Equity Securities Equity securities with readily determinable fair values are carried at fair value, with changes in fair value reported in net income. Any equity securities without readily determinable fair values are carried at cost, minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for identical or similar investments. Restricted equity securities are carried at cost and are periodically evaluated for impairment based on the ultimate recovery of par value. The entirety of any impairment on equity securities is recognized in earnings.
Loans Held for Sale ("LHFS")	Loans Held for Sale (“LHFS”) The Company has elected to carry its mortgage loans originated for sale at fair value. Fair value is determined based on outstanding investor commitments or, in the absence of such commitments, on current investor yield requirements or third-party pricing models. Fair value adjustments are recorded at each balance sheet date with the changes in fair value recognized in mortgage banking revenue in the Consolidated Statements of Income. Gains and losses on loan sales are determined based on the differential between a loan’s carrying value and sales price and are recognized through mortgage-banking revenue in the Consolidated Statements of Income. LHFS are sold either with the mortgage servicing rights (“MSRs”) released or retained by the Bank.
Mortgage Servicing Rights	Mortgage Servicing Rights When mortgage loans are sold with servicing retained, the MSRs are initially recorded at fair value with the income statement effect recorded in mortgage banking revenue. Fair value is based on a valuation model that calculates the present value of estimated future net servicing income. The Company measures servicing rights at fair value at each reporting date and records the changes in fair value of servicing assets in earnings in the period in which the changes occur. These gains or losses are included in mortgage banking revenue in the Consolidated Statements of Income. Servicing fee income is also recorded in the mortgage banking revenue line item.
Loans Held for Investment	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 $16.8 million and $7.2 million at December 31, 2023 and December 31, 2022, respectively within the accrued interest receivable 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.
Transfers of LHFS to Loans Held for Investment (LHFI)	Transfers of LHFS to Loans Held for Investment (“LHFI”) The Company may, from time to time, transfer LHFS to LHFI. Transfers of LHFS to LHFI are accounted for in accordance with the underlying accounting applied to the loan prior to its transfer. For loans where the fair value option had been elected, the Company continues to account for the loan at fair value in the LHFI portfolio. Subsequent changes in the fair value of these loans are recorded in interest income. During the year ended December 31, 2023, the Company had no transfers from LHFS to LHFI. There were $7.8 million transfers between LHFS and LHFI during the year ended December 31, 2022. 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 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 twenty four 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 12-month straight-line reversion of the corresponding economic independent variable from the last forecast to a historical average level. 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, concentrations, economic and business conditions; the nature and volume of the loan portfolio; the
Reserve for Unfunded Commitments	Reserve for Unfunded Commitments
Premises and Equipment	Premises and Equipment Land is carried at cost and premises and equipment are stated at cost less accumulated depreciation and amortization. Depreciation and amortization are calculated using the straight-line method over the estimated useful lives of the assets. Useful lives range from three three Long-lived assets are evaluated periodically for impairment when events or changes in circumstances indicate the carrying amount may not be recoverable. Impairment exists when the expected undiscounted future cash flows of a long-lived asset are less than its carrying value. In that event, the Company recognizes a loss for the difference between the carrying amount and the estimated fair value of the asset.
Mergers and Acquisitions	Mergers and Acquisitions Business combinations are accounted for under ASC 805, Business Combinations, using the acquisition method of accounting. The acquisition method of accounting requires an acquirer to recognize the assets acquired and the liabilities assumed at the acquisition date measured at their fair values as of that date. To determine the fair values, the Company relies on internal or third-party valuations, such as appraisals, valuations based on discounted cash flow analyses, or other valuation techniques. Under the acquisition method of accounting, the Company identifies the acquirer and the closing date and applies applicable recognition principles and conditions. Acquisition-related costs are costs the Company incurs to effect a business combination. Those costs include advisory, legal, accounting, valuation, and other professional or consulting fees. Some other examples of costs to the Company include systems conversions, integration planning consultants and advertising costs. The Company accounts for acquisition-related costs as expenses in the periods in which the costs are incurred and the services are received, with one exception. The costs to issue debt or equity securities is recognized in accordance with other applicable GAAP. These acquisition-related costs have been and will be included within the consolidated statements of income classified within the noninterest expenses caption. The most significant assessment of fair value in our accounting for business combinations relates to the valuation of an acquired loan portfolio. At acquisition, loans are classified as either (i) purchase credit-deteriorated (“PCD”) loans or (ii) non-PCD loans and are recorded at fair value on the date of acquisition. PCD loans are those for which there is more than insignificant evidence of credit deterioration since origination. Fair values are determined primarily through a discounted cash flow approach which considers the acquired loans’ underlying characteristics, including account types, remaining terms, annual interest rates, interest types, timing of principal and interest payments, current market rates, and remaining balances. Estimates of fair value also include estimates of default, loss severity, and estimated prepayments. At acquisition, an allowance for PCD loans is determined based upon the Company’s methodology for estimating the ACL on loans. This allowance is credited to the ACL on loans with a corresponding adjustment to the amortized cost basis of the loan on the date of the acquisition. The difference between the new amortized cost basis and the unpaid principal balance is either a noncredit discount or premium that is amortized or accreted to interest income over the remaining life of the loan. Disposals of PCD loans, which may include sale of loans to third parties, receipt of payments in full or in part from the borrower or foreclosure of the collateral, result in removal of the loan from the loan portfolio at its carrying amount. For non-PCD loans, an ACL is established in a manner that is consistent with the Company’s originated loans. The ACL is determined using the Company’s methodology and the related ACL for non-PCD loans is recorded through a charge to the provision for credit losses in the period in which the loans are purchased or acquired. The entirety of any purchase discount or premium on non-PCD loans is amortized or accreted to interest income over the remaining life of the loan.
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Goodwill represents the excess of the cost of an acquisition over the fair value of the net assets acquired. Other intangible assets represent purchased assets that also lack physical substance but can be distinguished from goodwill because of contractual or other legal rights or because the asset is capable of being sold or exchanged either on its own or in combination with a related contract, asset or liability. Goodwill and other intangible assets are initially required to be recorded at fair value. Determining fair value is subjective, requiring the use of estimates, assumptions and management judgment. Goodwill is tested at least annually for impairment, usually during the fourth quarter, or on an interim basis if circumstances dictate. Intangible assets that have finite lives are amortized over their estimated useful lives and also are subject to impairment testing. If the fair value of a reporting unit is less than book value, an expense may be required to write down the related goodwill to record an impairment loss. As of December 31, 2023, the Company had one operating segment the Community Banking segment. Other intangible assets consist of core deposit intangible assets arising from whole bank and branch acquisitions and are amortized using an accelerated method over their estimated useful lives, which range from 7 to 10 years.
Other Real Estate Owned "OREO"	Other Real Estate Owned (“OREO”) Other real estate owned represents assets acquired in satisfaction of loans either by foreclosure or deeds taken in lieu of foreclosure. Properties acquired are recorded at fair value less estimated selling costs at the time of acquisition, establishing a new cost basis. Thereafter, costs incurred to operate or carry the properties as well as reductions in value as determined by periodic appraisals are charged to operating expense. Gains and losses resulting from the final disposition of the properties are included in noninterest expense.
Borrowings and Subordinated Debt	Borrowings Short-term and long-term borrowings are comprised primarily of FHLB borrowings. The Company’s short-term borrowings may also include advances on other lines of credit with correspondent banks or repurchase agreements with customers. The repurchase agreements are securities sold to the Company’s customers, at the customers’ request, under a continuing “roll-over” contract that matures in one business day. The underlying securities sold are U.S. Government agency securities, which are segregated from the Company’s other investment securities by its safekeeping agents. Subordinated Debt Subordinated debt is carried at its outstanding principal balance, net of any unamortized issuance costs and acquisition related fair value adjustments. For additional information on the Company’s subordinated debt, refer to Note 9 of the Consolidated Financial Statements.
Income Taxes	Income Taxes The Company and its subsidiary file a consolidated federal income tax return. The Company accounts for income taxes using the liability method in accordance with required accounting guidance. Under this method, deferred tax assets and liabilities are determined by applying the applicable federal and state income tax rates to cumulative temporary differences. These temporary differences represent differences between financial statement carrying amounts and the corresponding tax bases of certain assets and liabilities. Deferred taxes result from such temporary differences. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the period that includes the enactment date. A valuation allowance, if needed, reduces deferred tax assets to the expected amount most likely to be realized. Realization of deferred tax assets is dependent on the generation of a sufficient level of future taxable income, recoverable taxes paid in prior years and tax planning strategies. The Company evaluates all positive and negative evidence before determining if a valuation allowance is deemed necessary regarding the realization of deferred tax assets. The Company recognizes accrued interest and penalties as a component of tax expense. The provision for income taxes includes the impact of reserve provisions and changes in the reserves that are considered appropriate as well as the related net interest and penalties. In addition, the Company is subject to the continuous examination of its income tax returns by the IRS and other tax authorities which may assert assessments against the Company. The Company regularly assesses the likelihood of adverse outcomes resulting from these examinations and assessments to determine the adequacy of its provision for income taxes. The Company remains subject to examination for tax years ending on or after December 31, 2020.
Derivative Financial Instruments and Hedging	Derivative Financial Instruments and Hedging We account for derivatives in accordance with FASB literature on accounting for derivative instruments and hedging activities. When we enter into a derivative contract, we designate the derivative as held for trading, an economic hedge, or a qualifying hedge as detailed in the literature. The designation may change based upon management’s reassessment or changing circumstances. Derivatives utilized by the Company include interest rate lock commitments (“IRLC” or “IRLCs”) and forward settlement contracts. IRLCs occur when we originate mortgage loans with interest rates determined prior to funding. Forward settlement contracts are agreements to buy or sell a quantity of a financial instrument, index, currency, or commodity at a predetermined future date, rate, or price. We designate at inception whether a derivative contract is considered hedging or non-hedging. All of our derivatives are nonexchange traded contracts, and as such, their fair value is based on dealer quotes, pricing models, discounted cash flow methodologies, or similar techniques for which the determination of fair value may require significant management judgement or estimation. For qualifying hedges, we formally document at inception all relationships between hedging instruments and hedged items, as well as risk management objectives and strategies for undertaking various accounting hedges. We primarily utilize derivatives to manage interest rate sensitivity.
Basic and Diluted Earnings Per Common Share	Basic and Diluted Earnings Per Common Share Basic earnings per share is calculated by dividing net income available to common stockholders by the weighted-average number of common shares outstanding and does not include the effect of any potentially dilutive common stock equivalents. Included in this calculation due to dividend participation rights are restricted stock awards which have been granted. Diluted earnings per share is calculated by dividing net income by the weighted-average number of shares outstanding, adjusted for the effect of any potentially dilutive common stock equivalents.
Transfers of Financial Assets	Transfers of Financial Assets Transfers of financial assets are accounted for as sales, when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (i) the assets have been isolated from the Company, (ii) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (iii) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and due from banks, interest-bearing deposits with other banks and federal funds sold are considered “cash and cash equivalents” for financial reporting purposes. Certain interest-bearing deposits with banks may exceed balances that are recoverable under Federal Deposit Insurance Corporation (“FDIC”) insurance. Balances in excess of FDIC insurance at December 31, 2023 were approximately $8.7 million and approximately $1.8 million at December 31, 2022.
Share-Based Compensation	Share-Based Compensation
Fair Value	Fair Value 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 and to determine fair value disclosures. Securities available for sale and equity securities with readily determinable fair values are recorded at fair value on a recurring basis. Additionally, from time to time, the Company may be required to record at fair value other assets on a nonrecurring basis, such as impaired loans, loans held for sale and OREO (foreclosed assets). 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. Assets Measured at Fair Value on a Recurring Basis Investment Securities Available for Sale Fair value measurement for investment securities available for sale 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 online resources. Although these securities have readily available fair market values, the Company deems that they be classified as level 2 investments in the fair value hierarchy due to not being considered traded in a highly active market. Loans Held for Sale Loans held for sale 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 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).
Advertising Costs	Advertising Costs
Comprehensive Income	Comprehensive Income
Recent Accounting Standards and Other Authoritative Guidance	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 2, 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 Accounting policies applied to prior periods are described in the 2022 Annual Report. Recent Accounting Standards and Other Authoritative Guidance In December 2023, the Financial Accounting Standards Board (FASB) issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures.” The amendments in this ASU require an entity to disclose specific categories in the rate reconciliation and provide additional information for reconciling items that meet a quantitative threshold, which is greater than five percent of the amount computed by multiplying pretax income by the entity’s applicable statutory rate, on an annual basis. Additionally, the amendments in this ASU require an entity to disclose the amount of income taxes paid (net of refunds received) disaggregated by federal, state, and foreign taxes and the amount of income taxes paid (net of refunds received) disaggregated by individual jurisdictions that are equal to or greater than five percent of total income taxes paid (net of refunds received). Lastly, the amendments in this ASU require an entity to disclose income (or loss) from continuing operations before income tax expense (or benefit) disaggregated between domestic and foreign and income tax expense (or benefit) from continuing operations disaggregated by federal, state, and foreign. This ASU is effective for annual periods beginning after December 15, 2024. Early adoption is permitted. The amendments should be applied on a prospective basis; however, retrospective application is permitted. The Company does not expect the adoption of ASU 2023-06 to have a material impact on its consolidated financial statements. In November 2023, the Financial Accounting Standards Board (FASB) issued ASU 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures.” The amendments in this ASU are intended to improve reportable segment disclosure requirements primarily through enhanced disclosures about significant segment expenses. This ASU requires disclosure of significant segment expenses that are regularly provided to the chief operating decision mark (CODM), an amount for other segment items by reportable segment and a description of its composition, all annual disclosures required by FASB ASU Topic 280 in interim periods as well, and the title and position of the CODM and how the CODM uses the reported measures. Additionally, this ASU requires that at least one of the reported segment profit and loss measures should be the measure that is most consistent with the measurement principles used in an entity’s consolidated financial statements. Lastly, this ASU requires public business entities with a single reportable segment to provide all disclosures required by these amendments in this ASU and all existing segment disclosures in Topic 280. This ASU is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The amendments should be applied retrospectively. The Company does not expect the adoption of ASU 2023-06 to have a material impact on its consolidated financial statements.
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 are primarily comprised of 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 December 31, 2023. Other Noninterest Income

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [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)	12 Months Ended
	Dec. 31, 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. (In thousands, except per share data) Purchase Price Consideration: Fair value of common shares issued (13,201,693 shares) based on Shore Bancshares, Inc. share price of $11.56 $ 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 asset 48,648 Other assets 89,808 Total identifiable assets $ 2,412,833 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 $ 162,408 Provisional bargain purchase gain $ (8,816) ____________________________________ (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)	12 Months Ended
	Dec. 31, 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 December 31, 2023 Twelve Months Ended December 31, 2023 Balance, beginning of period $ 126 $ — Other debt securities, provision for credit losses (32) 94 Balance, end of period $ 94 $ 94
Schedule of Available-for-Sale Securities Reconciliation	The following table provides information on the amortized cost and estimated fair values of investment securities at December 31, 2023 and December 31, 2022. (Dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Available-for-sale securities: December 31, 2023 U.S. Treasury and government agencies $ 23,472 $ 5 $ 3,002 $ 20,475 Mortgage-backed securities 91,280 5 7,258 84,027 Other debt securities 6,080 59 120 6,019 Total $ 120,832 $ 69 $ 10,380 $ 110,521 December 31, 2022 U.S. Treasury and government agencies $ 21,798 $ 5 $ 3,625 $ 18,178 Mortgage-backed securities 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	The Company sold virtually all of the AFS securities portfolio acquired from TCFC immediately after the legal merger with the proceeds of $434.2 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 Held-to-maturity securities: December 31, 2023 U.S. Treasury and government agencies $ 143,442 $ — $ 10,377 $ 133,065 Mortgage-backed securities 357,870 — 43,864 314,006 Obligations of states and political subdivisions 1,470 57 19 1,508 Other debt securities 10,500 — 1,249 9,251 Total $ 513,282 $ 57 $ 55,509 $ 457,830 December 31, 2022 U.S. Treasury and government agencies $ 148,097 $ — $ 13,601 $ 134,496 Mortgage-backed securities 398,884 — 50,464 348,420 Obligations of 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
Debt Securities, Held-to-Maturity, Credit Quality Indicator	The following table shows the amortized cost of HTM securities based on their lowest publicly available credit rating as of December 31, 2023. December 31, 2023 Investment Grade (Dollars in thousands) Aaa Aa1 A3 Baa1 Baa2 NR Total U.S. Treasury and government agencies $ 140,761 $ — $ — $ — $ — $ 2,681 $ 143,442 Mortgage-backed securities 357,870 — — — — — 357,870 Obligations of states and political subdivisions — 1,470 — — — — 1,470 Other debt securities — — 4,000 4,000 500 2,000 10,500 Total held-to-maturity securities $ 498,631 $ 1,470 $ 4,000 $ 4,000 $ 500 $ 4,681 $ 513,282
Available-For-Sale Securities and Held-to-Maturity, Continuous Unrealized Loss Position, Fair Value	The following table provides 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 December 31, 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 December 31, 2023 Available-for-sale securities: U.S. Treasury and government agencies $ 74 $ — $ 17,750 $ 3,002 $ 17,824 $ 3,002 Mortgage-backed securities 24,405 150 52,864 7,108 77,269 7,258 Other debt securities — — 1,890 120 1,890 120 Total $ 24,479 $ 150 $ 72,504 $ 10,230 $ 96,983 $ 10,380 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. Treasury and government agencies $ 1,165 $ 4 $ 16,585 $ 3,588 $ 17,750 $ 3,592 Mortgage-backed securities 29,125 2,409 34,167 6,290 63,292 8,699 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. Treasury and government agencies $ 67,332 $ 2,786 $ 67,163 $ 10,815 $ 134,495 $ 13,601 Mortgage-backed securities 148,771 9,402 199,649 41,062 348,420 50,464 Obligations of 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 December 31, 2023. Available for sale Held to maturity (Dollars in thousands) Amortized Cost Fair Value Amortized Cost Fair Value Due in one year or less $ 2,447 $ 2,449 $ 7,000 $ 6,927 Due after one year through five years 16,491 15,439 119,768 113,227 Due after five years through ten years 29,257 26,436 50,538 45,833 Due after ten years 72,637 66,197 335,976 291,843 Total $ 120,832 $ 110,521 $ 513,282 $ 457,830
Amortized Cost and Estimated Fair Values of Securities	The following table sets forth the amortized cost and estimated fair values of securities which have been pledged as collateral for obligations to federal, state and local government agencies, and other purposes as required or permitted by law, or sold under agreements to repurchase at December 31, 2023 and 2022. 2023 2022 (Dollars in thousands) Amortized Cost Fair Value Amortized Cost Fair Value Pledged available-for-sale securities $ 62,290 $ 54,489 $ 83,288 $ 72,108 Pledged held-to-maturity securities 185,876 167,649 19,158 16,305

Loans and Allowance for Credi_2

Loans and Allowance for Credit Losses (Tables)	12 Months Ended
	Dec. 31, 2023
Loans and Leases Receivable Disclosure [Abstract]
Schedule of Financing Receivables	The following table provides information about the principal classes of the loan portfolio at December 31, 2023 and December 31, 2022 (Dollars in thousands) December 31, 2023 % of Total Loans December 31, 2022 % of Total Loans Construction $ 299,000 6.40 % $ 246,319 9.60 % Residential real estate 1,490,438 32.10 % 810,497 31.70 % Commercial real estate 2,286,154 49.30 % 1,065,409 41.70 % Commercial 229,939 5.00 % 147,856 5.80 % Consumer 328,896 7.10 % 286,026 11.20 % Credit Cards 6,583 0.10 % — — % Total loans $ 4,641,010 100.00 % $ 2,556,107 100.00 % Allowance for credit losses (57,351) (16,643) Total loans, net $ 4,583,659 $ 2,539,464
Schedule Of Loans Acquired Due To Business Combination	The following purchased credit deteriorated loans were acquired in connection with the TCFC merger on July 1, 2023. (Dollars in thousands) Par Value Purchase Discount Allowance Purchase Price Construction $ 177 $ (11) $ (3) $ 163 Residential real estate 8,379 (1,307) (215) 6,857 Commercial real estate 55,779 (6,950) (985) 47,844 Commercial 2,317 (243) (278) 1,796 Consumer 519 (38) (14) 467 Credit Card 999 (222) (18) 759 Total $ 68,170 $ (8,771) $ (1,513) $ 57,886
Financing Receivable, Nonaccrual	The following tables provides information on nonaccrual loans by loan class as of December 31, 2023. (Dollars in thousands) Non-accrual with no allowance for credit loss Non-accrual with an allowance for credit loss Total Non-accruals December 31, 2023 Nonaccrual loans: Construction $ 626 $ — $ 626 Residential real estate 5,865 480 6,345 Commercial real estate 4,364 — 4,364 Commercial 176 368 544 Consumer 216 689 905 Total $ 11,247 $ 1,537 $ 12,784 Interest income $ 399 $ 53 $ 452 (Dollars in thousands) Non-accrual Delinquent Loans Non-accrual Current Loans Total Non-accruals December 31, 2023 Nonaccrual loans: Construction $ 221 $ 405 $ 626 Residential real estate 4,137 2,208 6,345 Commercial real estate 1,215 3,149 4,364 Commercial 28 516 544 Consumer 903 2 905 Total $ 6,504 $ 6,280 $ 12,784
Financing Receivable Credit Quality Indicators	The following table provides information on loan risk ratings as of December 31, 2023 and gross write-offs during the twelve months ended December 31, 2023. Term Loans by Origination Year Revolving loans Revolving converted to term loans Total (Dollars in thousands) Prior 2019 2020 2021 2022 2023 December 31, 2023 Construction Pass $ 23,450 $ 15,721 $ 14,773 $ 34,325 $ 101,426 $ 100,620 $ 8,056 $ — $ 298,371 Substandard 199 — — 12 418 — — — 629 Total $ 23,649 $ 15,721 $ 14,773 $ 34,337 $ 101,844 $ 100,620 $ 8,056 $ — $ 299,000 Gross Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Residential real estate Pass $ 317,528 $ 54,387 $ 105,269 $ 251,269 $ 392,378 $ 239,914 $ 119,777 $ 874 $ 1,481,396 Special Mention 154 256 564 503 — — 192 — 1,669 Substandard 6,000 — — — — — 1,373 — 7,373 Total $ 323,682 $ 54,643 $ 105,833 $ 251,772 $ 392,378 $ 239,914 $ 121,342 $ 874 $ 1,490,438 Gross Charge-offs $ — $ — $ — $ — $ — $ — $ (119) $ — $ (119) Commercial real estate Pass $ 670,042 $ 190,753 $ 311,980 $ 426,750 $ 428,240 $ 210,915 $ 14,873 $ 2,138 $ 2,255,691 Special Mention 14,986 331 — 5,501 4,446 — 100 409 25,773 Substandard 2,119 2,029 — 542 — — — — 4,690 Total $ 687,147 $ 193,113 $ 311,980 $ 432,793 $ 432,686 $ 210,915 $ 14,973 $ 2,547 $ 2,286,154 Gross Charge-offs $ (512) $ — $ (814) $ — $ — $ — $ — $ — $ (1,326) Commercial Pass $ 23,771 $ 12,946 $ 14,464 $ 41,621 $ 35,897 $ 27,901 $ 49,160 $ 22,284 $ 228,044 Special Mention 143 — — 425 — — 251 — 819 Substandard 160 69 — — 487 — 314 46 1,076 Total $ 24,074 $ 13,015 $ 14,464 $ 42,046 $ 36,384 $ 27,901 $ 49,725 $ 22,330 $ 229,939 Gross Charge-offs $ (1) $ — $ — $ — $ — $ — $ (242) $ (243) Consumer Pass $ 621 $ 961 $ 14,158 $ 76,629 $ 143,507 $ 91,415 $ 699 $ — $ 327,990 Special Mention — — — — — — 2 — 2 Substandard — 38 5 80 780 — 1 — 904 Total $ 621 $ 999 $ 14,163 $ 76,709 $ 144,287 $ 91,415 $ 702 $ — $ 328,896 Gross Charge-offs $ (522) $ — $ (16) $ (17) $ (8) $ (4) $ (7) $ — $ (574) Total Pass $ 1,035,412 $ 274,768 $ 460,644 $ 830,594 $ 1,101,448 $ 670,765 $ 192,565 $ 25,296 $ 4,591,492 Special Mention 15,283 587 564 6,429 4,446 — 545 409 28,263 Substandard 8,478 2,136 5 634 1,685 — 1,688 46 14,672 Total loans by risk category $ 1,059,173 $ 277,491 $ 461,213 $ 837,657 $ 1,107,579 $ 670,765 $ 194,798 $ 25,751 $ 4,634,427 Total gross charge-offs $ (1,035) $ — $ (830) $ (17) $ (8) $ (4) $ (126) $ (242) $ (2,262) Term Loans by Origination Year Revolving loans Revolving converted to term loans Total (Dollars in thousands) Prior 2019 2020 2021 2022 2023 Credit Cards Performing $ — $ — $ — $ — $ — $ — $ 6,583 $ — $ 6,583 Non-Performing — — — — — — — — — Total $ — $ — $ — $ — $ — $ — $ 6,583 $ — $ 6,583 Gross Charge-offs $ — $ — $ — $ — $ — $ — $ (111) $ — $ (111) Total loans evaluated by performing status $ — $ — $ — $ — $ — $ — $ 6,583 $ — $ 6,583 Total gross charge-offs $ — $ — $ — $ — $ — $ — $ (111) $ — $ (111) Total Recorded Investment $ 1,059,173 $ 277,491 $ 461,213 $ 837,657 $ 1,107,579 $ 670,765 $ 201,381 $ 25,751 $ 4,641,010 The following tables provide information on loan risk ratings at December 31, 2022. (Dollars in thousands) Pass/Performing (1) Pass/Watch 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 on December 31, 2022. The following tables provide a roll-forward for TDRs as of and for the years ended December 31, 2022. (Dollars in thousands) 1/1/2022 New TDRs Disbursements (Payments) Charge-offs Reclassifications/ Transfer In/ (Out) Payoffs 12/31/2022 Related Allowance For the Year Ended December 31, 2022 Accruing TDRs Construction $ 24 $ — $ (14) $ — $ — $ — $ 10 $ — Residential real estate 2,836 — (100) — (20) (1) 2,715 (127) Commercial real estate 2,807 — (180) — — (947) 1,680 — Commercial — — — — — — — — Consumer — — — — — — — — Total $ 5,667 $ — $ (294) $ — $ (20) $ (948) $ 4,405 $ (127) Nonaccrual TDRs Construction $ — $ — $ — $ — $ — $ — $ — $ — Residential real estate — — (6) — 20 — 14 — Commercial real estate — — — — — — — — Commercial 216 — (46) — — — 170 — Consumer — — — — — — — — Total $ 216 $ — $ (52) $ — $ 20 $ — $ 184 $ — Total $ 5,883 $ — $ (346) $ — $ — $ (948) $ 4,589 $ (127)
Summary of Aging of Loan Portfolio	The following tables provide information on the aging of loan portfolio as of December 31, 2023 and December 31, 2022. Current Accrual Loans (1) Current Non-accrual Loans Total (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 past due December 31, 2023 Construction $ 1,919 $ — $ — $ 220 $ 2,139 $ 296,456 $ 405 $ 299,000 Residential real estate 2,962 1,198 108 2,668 6,936 1,481,294 2,208 1,490,438 Commercial real estate 16 — — 1,222 1,238 2,281,767 3,149 2,286,154 Commercial 48 — 488 28 564 228,859 516 229,939 Consumer 3,224 1,415 — 879 5,518 323,376 2 328,896 Credit Cards 35 36 142 — 213 6,370 — 6,583 Total $ 8,204 $ 2,649 $ 738 $ 5,017 $ 16,608 $ 4,618,122 $ 6,280 $ 4,641,010 Percent of total loans 0.2 % 0.1 % — % 0.1 % 0.4 % 99.5 % 0.1 % 100.0 % ____________________________________ (1) Includes loans measured at fair value of $9.9 million at December 31, 2023. Accruing Nonaccrual PCI Total (Dollars in thousands) Current (1) 30‑59 days past due 60‑89 days past due Greater than 90 days Total past due 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.
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 twelve months ended December 31, 2023 and December 31, 2022. Allocation of a portion of the allowance to one loan class does not include its availability to absorb losses in other loan classes. (Dollars in thousands) Beginning Balance Impact of ASC326 Adoption Merger Adjustments (2) Charge-offs Recoveries Net (charge-offs) recoveries Provision Ending Balance For the year ended December 31, 2023 Construction $ 2,973 $ 1,222 $ 3 $ — $ 15 $ 15 $ (278) $ 3,935 Residential real estate 2,622 4,974 215 (119) 44 (75) 14,213 21,949 Commercial real estate 4,899 3,742 985 (1,326) — (1,326) 12,675 20,975 Commercial 1,652 401 278 (243) 11 (232) 572 2,671 Consumer (1) 4,497 452 14 (574) 284 (290) 2,928 7,601 Credit Card — — 18 (111) — (111) 313 220 Total $ 16,643 $ 10,791 $ 1,513 $ (2,373) $ 354 $ (2,019) $ 30,423 $ 57,351 ____________________________________ (1) Gross charge-offs of consumer loans for the twelve months ended December 31, 2023 included $0.2 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 Provision Ending Balance For the year ended December 31, 2022 Allowance for credit losses: Construction $ 2,454 — 13 13 506 $ 2,973 Residential real estate 2,858 (5) 142 137 (373) 2,622 Commercial real estate 4,598 (6) 951 945 (644) 4,899 Commercial 2,070 (546) 227 (319) (99) 1,652 Consumer 1,964 (31) 29 (2) 2,535 4,497 Total $ 13,944 $ (588) $ 1,362 $ 774 $ 1,925 $ 16,643
Financing Receivable, Collateral Dependent Loans	The following table presents the amortized cost basis of collateral-dependent loans by loan portfolio segment. December 31, 2023 (Dollars in thousands) Real Estate Collateral Other Collateral Total Construction $ 662 $ — $ 662 Residential real estate 8,047 — 8,047 Commercial real estate 6,134 — 6,134 Commercial — 1,106 1,106 Consumer — 904 904 Total $ 14,843 $ 2,010 $ 16,853
Summary of Amortized Cost Basis of Loan Modifications	The following illustrates the most common loan modifications by loan classes offered by the Company that are required to be disclosed pursuant to the requirements of ASU 2022-02: Loan Classes Modification Types Commercial Real Estate Term extension greater than three months. Commercial Term extension greater than three months. The following table presents the amortized cost basis of loan modifications made to borrowers experiencing financial difficulty during twelve months ended December 31, 2023. (dollars in thousands) Term Extension Interest Rate Reduction Payment Delay and Term Extension Term Extension and Interest Rate Reduction Payment Delay Total % of Total Portfolio Segment December 31, 2023 Construction $ — $ — $ — $ — $ — $ — — % Residential real estate — — — — — — — Residential rentals — — — — — — — Commercial real estate 125 — — — — 125 0.01 Commercial 242 — — — — 242 0.11 Consumer — — — — — — — Credit Cards — — — — — — — Total $ 367 $ — $ — $ — $ — $ 367 0.01 The following table presents the financial effect of loan modifications made to borrowers experiencing financial difficulty during the twelve months ended December 31, 2023. (dollars in thousands) Weighted-Average Months of Term Extension December 31, 2023 Construction 0 Residential real estate 0 Residential rentals 0 Commercial real estate 12 Commercial 12 Consumer 0 Credit Cards 0
Summary of Loan Modifications Made to Borrowers Experiencing Financial Difficulty	The following table present the aging analysis of loan modifications made to borrowers experiencing financial difficulty as of December 31, 2023. Accruing (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 past due Current Accrual Current Non-Accrual Total Recorded Investment December 31, 2023 Construction $ — $ — $ — $ — $ — $ — $ — $ — Residential real estate — — — — — — — — Residential rentals — — — — — — — — Commercial real estate — — — — — — 125 125 Commercial — — — — — 153 89 242 Consumer — — — — — — — — Credit Cards — — — — — — — — Total $ — $ — $ — $ — $ — $ 153 $ 214 $ 367
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) For the Year Ended December 31, 2022 Accretable yield, beginning of period $ 5,367 Accretion (1,603) Reclassification of nonaccretable difference due to improvement in expected cash flows 469 Other changes, net 506 Accretable yield, end of period $ 4,739
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) Loans individually evaluated for impairment Loans collectively evaluated for impairment (1) Acquired loans - PCI Total December 31, 2022 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 allocated to: Loans individually evaluated for impairment Loans collectively evaluated for impairment Total allowance December 31, 2022 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)
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. (Dollars in thousands) Unpaid principal balance Recorded investment with no allowance Recorded investment with an allowance Related allowance Year-to-date average recorded investment Interest income recognized December 31, 2022 Impaired nonaccrual loans: Construction $ 297 $ 297 $ — $ — $ 309 $ — Residential real estate 1,363 1,259 — — 1,661 — Commercial real estate 159 150 — — 604 — Commercial 359 174 — — 227 — Consumer 29 28 — — 43 — Total $ 2,207 $ 1,908 $ — $ — $ 2,844 $ — Impaired accruing TDRs: Construction $ 10 $ 10 $ — $ — $ 16 $ 1 Residential real estate 2,849 1,176 1,539 127 2,979 108 Commercial real estate 1,680 1,680 — — 2,095 56 Commercial — — — — — — Consumer — — — — 5 — Total $ 4,539 $ 2,866 $ 1,539 $ 127 $ 5,095 $ 165 Other impaired accruing loans: Construction $ 24 $ 24 $ — $ — $ 215 $ 6 Residential real estate 1,107 1,107 — — 474 3 Commercial real estate 710 710 — — 553 30 Commercial — — — — 51 1 Consumer — — — — 15 — Total $ 1,841 $ 1,841 $ — $ — $ 1,308 $ 40 Total impaired loans: Construction $ 331 $ 331 $ — $ — $ 540 $ 7 Residential real estate 5,319 3,542 1,539 127 5,114 111 Commercial real estate 2,549 2,540 — — 3,252 86 Commercial 359 174 — — 278 1 Consumer 29 28 — — 63 — Total $ 8,587 $ 6,615 $ 1,539 $ 127 $ 9,247 $ 205

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 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 December 31, 2023 and December 31, 2022. December 31, 2023 (Dollars in thousands) Gross Additions Measurement Accumulated Accumulated Net Carrying Weighted Average Goodwill $ 65,476 $ — $ — $ (1,543) $ (667) $ 63,266 — Other intangible assets Amortizable Core deposit intangible $ 10,503 $ 48,648 $ — $ — $ (11,061) $ 48,090 3.7 Total other intangible assets $ 10,503 $ 48,648 $ — $ — $ (11,061) $ 48,090 December 31, 2022 (Dollars in thousands) Gross Carrying Amount Measurement Accumulated Impairment Charges Accumulated Amortization Net Carrying Amount Weighted Average Remaining Life Goodwill $ 65,631 $ (155) $ (1,543) $ (667) $ 63,266 — Other intangible assets Amortizable Core deposit intangible $ 10,503 $ — $ — $ (4,956) $ 5,547 2.6 Total other intangible assets $ 10,503 $ — $ — $ (4,956) $ 5,547
Future Amortization Expense for Amortizable Other Intangible Assets	At December 31, 2023, estimated future remaining amortization for amortizing core deposit intangible within the years ending December 31, is as follows: (Dollars in thousands) Amortization Expense 2024 $ 9,779 2025 8,589 2026 7,398 2027 6,208 2028 5,060 Thereafter 11,056 Total amortizing intangible assets $ 48,090

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2023
Leases [Abstract]
Information about leases	The following tables present information about the Company’s leases as of and for the years ended December 31, 2023 and December 31, 2022. (Dollars in thousands) December 31, 2023 December 31, 2022 Lease liabilities $ 12,857 $ 9,908 Right-of-use assets $ 12,487 $ 9,629 Weighted average remaining lease term 10.88 years 12.55 years Weighted average discount rate 3.24 % 2.50 % Remaining lease term - min 0.39 years 0.16 years Remaining lease term - max 17.68 years 18.68 years For the Year Ended Lease cost (in thousands) December 31, 2023 December 31, 2022 Operating lease cost $ 1,645 $ 1,355 Short-term lease cost — — Total lease cost $ 1,645 $ 1,355 Cash paid for amounts included in the measurement of lease liabilities $ 1,553 $ 1,268
Operating lease liabilities	The following table presents a maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total of operating lease liabilities at December 31, 2023. Lease payments due (in thousands) As of 2024 $ 1,801 2025 1,617 2026 1,575 2027 1,469 2028 1,419 Thereafter 7,261 Total undiscounted cash flows $ 15,142 Discount 2,285 Lease liabilities $ 12,857
Minimum future annual rental income	The following table presents our minimum future annual rental income on such leases at December 31, 2023. (In thousands) As of 2024 $ 833 2025 854 2026 876 2027 562 2028 578 Thereafter 2,521 Total $ 6,224

Premises and Equipment (Tables)

Premises and Equipment (Tables)	12 Months Ended
	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Schedule of Property Plant and Equipment	The following table provides information on premises and equipment at December 31, 2023 and December 31, 2022. (Dollars in thousands) December 31, 2023 December 31, 2022 Land $ 19,041 $ 10,886 Buildings and land improvements 67,506 48,605 Furniture and equipment 14,820 8,177 101,367 67,668 Accumulated depreciation (18,981) (16,180) Total $ 82,386 $ 51,488

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Dec. 31, 2023
Deposits [Abstract]
Summary of Deposits	Deposits consist of the following categories as of the dates indicated: (dollars in thousands) December 31, 2023 December 31, 2022 Balance % Balance % Noninterest-bearing demand $ 1,258,037 23.36 % $ 862,015 28.64 % Interest-bearing: Demand 1,165,546 21.64 694,101 23.06 Money market deposits 1,430,603 26.56 709,132 23.56 Savings 347,324 6.45 320,188 10.64 Certificates of deposit 1,184,610 21.99 424,348 14.10 Total interest-bearing 4,128,083 76.64 % 2,147,769 71.36 % Total Deposits $ 5,386,120 100.00 % $ 3,009,784 100.00 %
Schedule of Maturities of Time Deposits	The following table provides information on the approximate maturities of total time deposits at December 31, 2023 and December 31, 2022. (dollars in thousands) December 31, 2023 December 31, 2022 Within one year $ 1,042,343 $ 230,715 Year 2 78,585 138,356 Year 3 36,469 23,860 Year 4 12,081 17,327 Year 5 14,955 14,051 Thereafter 177 39 Total $ 1,184,610 $ 424,348

Borrowings (Tables)

Borrowings (Tables)	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Schedule of Short-term Borrowings	The following table summarizes certain information on short-term borrowings as of and for the years ended December 31, 2023 and December 31, 2022. December 31, 2023 December 31, 2022 (Dollars in thousands) Amount Rate Amount Rate Average for the Year Repurchase agreements $ — — % $ 683 0.25 % FHLB Advances 111,392 4.95 1,863 3.87 At Year End Repurchase agreements $ — — % $ — — % FHLB Advances — — 40,000 4.57
Schedule of Long-Term Debt Instruments	(dollars in thousands) December 31, 2023 December 31, 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 (4,822) (2,547) Total long-term debt $ 72,297 $ 43,072

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of Stock-Based Compensation	The following tables provide information on stock-based compensation expense for the years ended December 31, 2023 and December 31, 2022. (Dollars in thousands) December 31, 2023 December 31, 2022 Stock-based compensation expense $ 1,174 $ 636 (Dollars in thousands) December 31, 2023 December 31, 2022 Unrecognized stock-based compensation expense $ 1,859 $ 138 Weighted average period unrecognized expense is expected to be recognized 1.3 years 0.2 years
Schedule of Share-based Compensation, Restricted Stock and Units Award Activity	The following tables summarize the unvested restricted stock and restricted stock unit awards outstanding for the Company for the years ended December 31, 2023 and 2022, respectively. Restricted Stock Restricted Stock Units December 31, 2023 December 31, 2023 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 44,340 15.58 91,047 11.56 Vested (38,184) 19.68 (15,573) 11.56 Forfeited (1,671) 17.49 (1,202) 11.56 Nonvested at end of period 45,322 15.42 165,055 11.56 Restricted Stock Restricted Stock Units December 31, 2022 December 31, 2022 Number of Shares Weighted Average Grant Date Fair Value Number of Shares Weighted Average Grant Date Fair Value Nonvested at beginning of period 29,425 $ 13.95 — $ — Granted 34,184 20.48 — — Vested (26,749) 13.75 — — Forfeited — — — — Nonvested at end of period 36,860 20.15 — —

Derivatives (Tables)

Derivatives (Tables)	12 Months Ended
	Dec. 31, 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 December 31, 2023 and December 31, 2022. December 31, 2023 December 31, 2022 (Dollars in thousands) Notional Amount Estimated Fair Value Notional Amount Estimated Fair Value Asset - IRLCs $ 6,785 $ 110 $ 4,166 $ 35 Asset - TBA securities 1,000 2 8,750 41 Liability - IRLCs — — 1,150 7 Liability - TBA securities 18,000 176 1,000 6

Deferred Compensation (Tables)

Deferred Compensation (Tables)	12 Months Ended
	Dec. 31, 2023
Deferred Compensation Arrangements [Abstract]
Schedule of Deferred Compensation Arrangement	The following table provides information on Shore Bancshares, Inc.’s contributions and participant deferrals to the Executive Deferred Compensation Plan for 2023 and 2022 and the related deferred compensation liability. (Dollars in thousands) December 31, 2023 December 31, 2022 Elective deferrals $ 273 $ 238 Deferred compensation liability 1,576 948
Schedule of Deferred Compensation Arrangement in Other Assets and Other Liabilities	The unfunded SERP liability and cash surrender value were included in other liabilities and other assets, respectively. (Dollars in thousands) December 31, 2023 December 31, 2022 Cash surrender value $ 98,140 $ 56,117 Deferred compensation liability - SERP 12,869 4,177 SERP Expense 1,405 1,063 The following table includes information on the deferred compensation liability and cash surrender value as of December 31, 2023 and December 31, 2022. (Dollars in thousands) December 31, 2023 December 31, 2022 Deferred compensation liability $ 388 $ 450 Cash surrender value 2,322 2,260

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	12 Months Ended
	Dec. 31, 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 years ended December 31, 2023 and December 31, 2022. Twelve Months Ended December 31, 2023 Twelve Months Ended December 31, 2022 (Dollars in thousands) Net Unrealized Gains And (Losses) Net Unrealized Gains And (Losses) Beginning of period $ (9,021) $ 56 Other comprehensive income (loss), net of tax 1,527 (9,077) End of period $ (7,494) $ (9,021)

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	The following table provides information on components of income tax expense for the years ended December 31, 2023 and December 31, 2022. (Dollars in thousands) December 31, 2023 December 31, 2022 Current tax expense: Federal $ 172 $ 8,814 State 63 3,332 235 12,146 Deferred income tax (benefit) expense: Federal 1,692 (911) State 1,029 (271) 2,721 (1,182) Total income tax expense $ 2,956 $ 10,964
Schedule of Effective Income Tax Rate Reconciliation	The following table provides a reconciliation of tax computed at the statutory federal tax rate to the actual tax expense for the years ended December 31, 2023 and December 31, 2022. December 31, 2023 December 31, 2022 Tax at federal statutory rate 21.0 % 21.0 % Tax effect of: Tax-exempt income (3.6) (1.0) State income taxes, net of federal benefit 6.1 5.7 Bargain purchase gain (13.1) — Nondeductible compensation costs 3.9 — Nondeductible merger related expenses 2.6 — Other 3.9 0.3 Actual income tax expense rate 20.8 % 26.0 %
Schedule of Deferred Tax Assets and Liabilities	The following table provides information on significant components of the Company’s deferred tax assets and liabilities for the years ended December 31, 2023 and December 31, 2022. (Dollars in thousands) December 31, 2023 December 31, 2022 Deferred tax assets: Allowance for credit losses $ 14,534 $ 4,460 Write-downs of OREO 33 21 Nonaccrual loan interest 344 345 Lease liabilities 3,326 2,635 Deferred compensation 4,160 1,522 Federal net operating loss 6,528 — State net operating loss 2,448 722 Deferred loan costs 1,775 1,183 Acquisition fair value adjustments 30,452 2,580 Unrealized losses on available-for-sale securities 2,825 3,399 Other 1,398 883 Total deferred tax assets 67,823 17,750 Less valuation allowance (1,015) (791) Deferred tax assets, net of valuation allowance 66,808 16,959 Deferred tax liabilities: Depreciation 4,320 2,491 Right-of-use assets 3,229 2,560 Mortgage servicing rights 1,541 1,405 Acquisition fair value adjustments 2,401 466 Deferred capital gain on branch sale 207 220 Intangibles 13,611 2,290 Other 792 170 Total deferred tax liabilities 26,101 9,602 Net deferred tax assets $ 40,707 $ 7,357

Regulatory Capital Requiremen_2

Regulatory Capital Requirements (Tables)	12 Months Ended
	Dec. 31, 2023
Regulatory Capital Requirements under Banking Regulations [Abstract]
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations	The following tables present the capital amounts and ratios at December 31, 2023 and December 31, 2022. Regulatory Capital and Ratios Regulatory Minimum Ratio + Capital Conversation Buffer ( 1) The Company The Bank (dollars in thousands) 2023 2022 2023 2022 Common equity $ 511,135 $ 364,285 $ 570,100 $ 395,594 Goodwill (63,266) (63,266) (63,266) (63,266) Core deposit intangible (2) (38,069) (5,547) (38,069) (5,547) DTAs that arise from net operating loss and tax credit carry forwards (8,977) — (6,059) — AOCI (gains) losses 7,494 9,021 7,494 9,021 Common Equity Tier 1 Capital 408,317 304,493 470,200 335,802 TRUPs 29,158 18,398 — — Tier 1 Capital 437,475 322,891 470,200 335,802 Allowable reserve for credit losses and other Tier 2 adjustments 58,586 16,854 58,586 16,854 Subordinated notes 43,139 24,674 — — Total Capital 539,200 364,419 528,786 352,656 Risk-Weighted Assets ("RWA") 4,697,504 2,619,400 4,693,009 2,618,939 Average Assets ("AA") 5,649,116 3,390,516 5,644,930 3,386,771 Common Tier 1 Capital to RWA 7.00% 8.69 % 11.62 % 10.02 % 12.82 % Tier 1 Capital to RWA 8.50% 9.31 % 12.33 % 10.02 % 12.82 % Total Capital to RWA 10.50% 11.48 % 13.91 % 11.27 % 13.47 % Tier 1 Capital to AA (Leverage) (3) n/a 7.74 % 9.52 % 8.33 % 9.92 % ___________________________________ (1) The regulatory minimum capital ratio + the capital conservation buffer . (2) Core deposit intangible at December 31, 2023 is net of deferred tax liability. (3) Tier 1 Capital to AA (Leverage) has no capital conservation buffer defined. The PCA well capitalized is defined as 5.00%

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Fair Value Assets and Liabilities Measured on Nonrecurring Basis Valuation Techniques	(Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range December 31, 2023 MSRs (1) $ 5,926 Market Approach Weighted average prepayment speed (PSA) (2) 129 IRLCs - net asset $ 110 Market Approach Range of pull through rate 78% - 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 year ended December 31, 2023. (Dollars in thousands) For the Year Ended Beginning balance $ 5,275 Servicing rights resulting from sales of loans 712 Servicing rights acquired in acquisition of TCFC 190 Valuation adjustment (251) Ending balance $ 5,926
Schedule of Derivative Asset at Fair Value	The following table presents activity in the IRLCs for the year ended December 31, 2023. (Dollars in thousands) For the Year Ended Beginning balance $ 28 Valuation adjustment 82 Ending balance $ 110
Schedule of Fair Value of Assets and Liabilities Measured on Recurring Basis	No assets were transferred from one hierarchy level to another during 2023 or 2022. (Dollars in thousands) Fair Value Quoted Prices Significant Other Observable Inputs (Level 2) Significant Other Observable Inputs (Level 3) December 31, 2023 Assets: Securities available for sale: U.S. Government agencies $ 20,475 $ — $ 20,475 $ — Mortgage-backed 84,027 — 84,027 — Other debt securities 6,019 — 6,019 — 110,521 — 110,521 — Equity securities 5,703 — 5,703 — TBA forward trades 2 — 2 — Loans Held for Sale 8,782 — 8,782 — Loans Held for Investment, at fair value 9,944 — 9,944 — MSRs 5,926 — — 5,926 IRLCs 110 — — 110 Total assets at fair value $ 140,988 $ — $ 134,952 $ 6,036 Liabilities: TBA forward trades $ 176 $ — $ 176 $ — Total liabilities at fair value $ 176 $ — $ 176 $ — (Dollars in thousands) Fair Value Quoted Prices Significant Other Observable Inputs (Level 2) Significant Other Observable Inputs (Level 3) 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 December 31, 2023 Nonrecurring measurements: Individually evaluated collateral dependent loan $ 633 Appraisal of collateral (1) Appraisal adjustment (2) Liquidation expense (2) 51% 10% 51% 10% Other real estate owned $ 179 Appraisal of collateral (1) Appraisal adjustment (2) 0% - 20% 0% Quantitative Information about Level 3 Fair Value Measurements (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range Weighted Average December 31, 2022 Nonrecurring measurements: Other real estate owned $ 197 Appraisal of collateral (1) Appraisal adjustment (2) 0% - 20% (2%) _____________________________ (1) Unobservable inputs were weighted by the relative fair value of the instruments. (2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal.

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Summary of Carrying Amounts and Estimated Fair Values of Financial Instruments	The following table presents the carrying amounts and estimated fair values of the Company’s financial instruments for the years ended December 31, 2023 and December 31, 2022. Fair values for December 31, 2023 and December 31, 2022 were estimated using an exit price notion. December 31, 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 $ 372,413 $ 372,413 $ 372,413 $ — $ — Investment securities - AFS 110,521 110,521 — 110,521 — Investment securities - HTM, net 513,188 457,830 — 457,830 — Equity securities 5,703 5,703 — 5,703 — Restricted securities 17,900 17,900 — 17,900 — Loans held for sale 8,782 8,782 — 8,782 — TBA derivatives trades 2 2 — 2 — Cash surrender value on life insurance 101,704 101,704 — 101,704 — Loans, at fair value 9,944 9,944 — 9,944 — Loans, net 4,573,715 4,477,468 — — 4,477,468 MSRs 5,926 5,926 — — 5,926 IRLCs 110 110 — — 110 Liabilities Deposits: Noninterest-bearing demand $ 1,258,037 $ 1,258,037 $ — $ 1,258,037 $ — Checking plus interest 1,165,546 1,165,546 — 1,165,546 — Money Market 1,430,603 1,430,603 — 1,430,603 — Savings 347,324 347,324 — 347,324 — Certificates of Deposit 1,184,610 1,184,447 — 1,184,447 — Subordinated debt 43,139 42,579 — 42,579 — TRUPS 29,158 28,266 — 28,266 — TBA Securities 176 176 — 176 — 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 320,188 320,188 — 320,188 — 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)	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Schedule of Commitments Outstanding	The following table provides information on commitments outstanding for the years ended December 31, 2023 and December 31, 2022. (Dollars in thousands) December 31, 2023 December 31, 2022 Commitments to extend credit $ 613,266 $ 406,353 Letters of credit 28,519 8,009 Total $ 641,785 $ 414,362

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	12 Months Ended
	Dec. 31, 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 for the years ended December 31, 2023 and December 31, 2022. (In thousands, except per share data) December 31, 2023 December 31, 2022 Net Income $ 11,228 $ 31,177 Average number of common shares outstanding 26,572 19,847 Dilutive effect of common stock equivalents 2 — Average number of shares used to calculate diluted EPS 26,574 19,847 Anti-dilutive shares — $ — Earnings per common share Basic $ 0.42 $ 1.57 Diluted $ 0.42 $ 1.57

Revenue Recognition (Tables)

Revenue Recognition (Tables)	12 Months Ended
	Dec. 31, 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 years ended December 31, 2023 and 2022. (Dollars in thousands) December 31, 2023 December 31, 2022 Noninterest Income In-scope of Topic 606: Service charges on deposit accounts $ 5,501 $ 5,652 Trust and investment fee income 3,608 1,784 Interchange income 5,714 4,812 Title Company revenue 551 1,340 Other noninterest income 2,961 1,752 Noninterest Income (in-scope of Topic 606) 18,335 15,340 Noninterest Income (out-of-scope of Topic 606) 14,824 7,746 Total Noninterest Income $ 33,159 $ 23,086

Parent Company Financial Info_2

Parent Company Financial Information (Tables)	12 Months Ended
	Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract]
Condensed Balance Sheet, Parent Only	The following tables provide condensed financial information for Shore Bancshares, Inc. (Parent Company Only) at and for the years ending December 31, 2023 and 2022. Condensed Balance Sheets (Dollars in thousands) December 31, 2023 December 31, 2022 Assets Cash $ 7,345 $ 7,145 Investment in subsidiaries 571,298 396,897 Other assets 7,926 5,392 Total assets $ 586,569 $ 409,434 Liabilities Accrued interest payable $ 1,050 $ 744 Other liabilities 2,087 1,333 Long-term debt 72,297 43,072 Total liabilities 75,434 45,149 Stockholders’ equity Common stock 332 199 Additional paid in capital 356,007 201,494 Retained earnings 162,290 171,613 Accumulated other comprehensive (loss) (7,494) (9,021) Total stockholders’ equity 511,135 364,285 Total liabilities and stockholders’ equity $ 586,569 $ 409,434
Condensed Statement of Operations, Parent Only	For the Year Ended (Dollars in thousands) December 31, 2023 December 31, 2022 Income Dividends from subsidiaries $ 22,000 $ 5,500 Company owned life insurance income 141 67 Bargain purchase gain 8,816 — Total income 30,957 5,567 Expenses Interest expense 4,454 2,451 Salaries and employee benefits 358 324 Occupancy and equipment expense 1 — Legal and professional fees, including merger expenses 5,164 1,654 Other operating expenses 775 540 Total expenses 10,752 4,969 Income before income tax (benefit) and equity (deficit) in undistributed net income of subsidiaries 20,205 598 Income tax (benefit) (1,557) (1,059) Income before (deficit) equity in undistributed net income of subsidiaries 21,762 1,657 Equity (deficit) in undistributed net income of subsidiaries (10,534) 29,520 Net income $ 11,228 $ 31,177
Condensed Cash Flow, Parent Only	For the Year Ended (Dollars in thousands) December 31, 2023 December 31, 2022 Cash flows from operating activities: Net income $ 11,228 $ 31,177 Adjustments to reconcile net income to cash provided by operating activities: Deficit (equity) in undistributed net income of subsidiaries 10,534 (29,521) Bargain purchase gain (8,816) — Amortization of debt issuance costs 122 122 Stock-based compensation expense 1,174 636 Company owned life insurance income (141) (67) Acquisition accounting adjustments 557 188 Net (increase) decrease in other assets (1,267) 387 Net (decrease) increase in other liabilities (682) 275 Net cash provided by operating activities 12,709 3,197 Cash flows from investing activities: Purchase of company owned life insurance (249) — Cash acquired in the acquisition of TCFC, net of cash paid 88 — Net cash (used in) investing activities (161) — Cash flows from financing activities: Common stock dividends paid (12,733) (9,530) Issuance of common stock 385 386 Net cash (used in) financing activities (12,348) (9,144) Net increase (decrease) in cash and cash equivalents 200 (5,947) Cash and cash equivalents at beginning of year 7,145 13,092 Cash and cash equivalents at end of year $ 7,345 $ 7,145

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Narrative) (Details)	12 Months Ended
	Dec. 31, 2023 USD ($) segment	Dec. 31, 2022 USD ($)	Sep. 30, 2023 USD ($)	Dec. 31, 2021 USD ($)
Significant Accounting Policies [Line Items]
AFS and HTM, accrued interest	$ 2,200,000
Held-to-maturity, allowance	94,000	$ 0	$ 126,000
Accrued interest	$ 16,800,000	$ 7,200,000
Financing Receivable, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]	Accrued interest receivable	Accrued interest receivable
Transfer of loans	$ 0	$ 7,791,000
Liabilities: Reserve for Unfunded Commitments	$ 436,000	316,000
Number of operating segments | segment	1
Impairment charges	$ 0	0
Cash and cash equivalents excess of FDIC amount	8,700,000	1,800,000
Advertising expenses	1,100,000	900,000
Reclassification of (gains) recognized in net income	0	0
Equity, Attributable to Parent	(511,135,000)	(364,285,000)		$ (350,693,000)
Retained Earnings
Significant Accounting Policies [Line Items]
Equity, Attributable to Parent	$ (162,290,000)	(171,613,000)		$ (149,966,000)
Impact of ASC326 Adoption
Significant Accounting Policies [Line Items]
Liabilities: Reserve for Unfunded Commitments		265,000
Equity, Attributable to Parent		7,818,000
Impact of ASC326 Adoption | Retained Earnings
Significant Accounting Policies [Line Items]
Equity, Attributable to Parent		$ 7,818,000
Land improvements
Significant Accounting Policies [Line Items]
Property plant and equipment useful life	15 years
Minimum | Core Deposits Intangible
Significant Accounting Policies [Line Items]
Finite-Lived intangible asset, useful life	7 years
Minimum | Furniture and equipment
Significant Accounting Policies [Line Items]
Property plant and equipment useful life	3 years
Minimum | Computer hardware and data handling equipment
Significant Accounting Policies [Line Items]
Property plant and equipment useful life	3 years
Minimum | Buildings and building improvements
Significant Accounting Policies [Line Items]
Property plant and equipment useful life	10 years
Maximum | Core Deposits Intangible
Significant Accounting Policies [Line Items]
Finite-Lived intangible asset, useful life	10 years
Maximum | Furniture and equipment
Significant Accounting Policies [Line Items]
Property plant and equipment useful life	10 years
Maximum | Computer hardware and data handling equipment
Significant Accounting Policies [Line Items]
Property plant and equipment useful life	5 years
Maximum | Buildings and building improvements
Significant Accounting Policies [Line Items]
Property plant and equipment useful life	40 years

Summary of Accounting Policies

Summary of Accounting Policies (Impact of Adoption of ASC 326) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Jul. 01, 2023	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021
Significant Accounting Policies [Line Items]
Total Loans, gross	$ 4,641,010			$ 2,556,107
Less: allowance for credit losses	(57,351)	$ (36,361)	$ (29,014)	(16,643)	$ (13,944)
Total loans, net	4,583,659			2,539,464
Liabilities: Reserve for Unfunded Commitments	$ 436			316
As Reported Under ASC 326
Significant Accounting Policies [Line Items]
Total Loans, gross				2,556,267
Less: allowance for credit losses				(27,434)
Total loans, net				2,528,833
Liabilities: Reserve for Unfunded Commitments				581
Impact of ASC326 Adoption
Significant Accounting Policies [Line Items]
Total Loans, gross				160
Less: allowance for credit losses				(10,791)
Total loans, net				(10,631)
Liabilities: Reserve for Unfunded Commitments				$ 265

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Impact from Change in Methodology) (Details) - USD ($) $ in Thousands	Jul. 01, 2023	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021
Significant Accounting Policies [Line Items]
Less: allowance for credit losses	$ 36,361	$ 57,351	$ 29,014	$ 16,643	$ 13,944
Impact of methodology change	7,347
Construction
Significant Accounting Policies [Line Items]
Less: allowance for credit losses	2,419	3,935	2,386	2,973	2,454
Impact of methodology change	33
Residential real estate
Significant Accounting Policies [Line Items]
Less: allowance for credit losses	13,167	21,949	9,151	2,622	2,858
Impact of methodology change	4,016
Commercial real estate
Significant Accounting Policies [Line Items]
Less: allowance for credit losses	11,332	20,975	10,267	4,899	4,598
Impact of methodology change	1,065
Commercial
Significant Accounting Policies [Line Items]
Less: allowance for credit losses	2,398	2,671	1,956	1,652	2,070
Impact of methodology change	442
Consumer
Significant Accounting Policies [Line Items]
Less: allowance for credit losses	7,045	$ 7,601	$ 5,254	$ 4,497	$ 1,964
Impact of methodology change	$ 1,791

Business Combinations (Narrativ

Business Combinations (Narrative) (Details) $ / shares in Units, $ in Thousands		12 Months Ended
	Jul. 01, 2023 USD ($) loan $ / shares shares	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Jun. 30, 2023 $ / shares
Business Combination, Separately Recognized Transactions [Line Items]
Bargain purchase gain		$ 8,816	$ 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
Bargain purchase gain	$ 8,816
Gross loans	$ 1,900,000
Non-PCD loans acquired | loan	3,858
PCD loans acquired | loan	323
Loan, effect of valuation	$ 120,900

Business Combinations (Schedule

Business Combinations (Schedule of Business Acquisitions) (Details) - USD ($)		12 Months Ended
	Jul. 01, 2023	Dec. 31, 2023	Dec. 31, 2022	Jun. 30, 2023
Identifiable liabilities:
Bargain purchase gain		$ (8,816,000)	$ 0
Subordinated Debt
Identifiable liabilities:
Long-term debt, gross		$ 44,500,000	$ 25,000,000
TCFC Debt | Subordinated Debt
Identifiable liabilities:
Long-term debt, gross	$ 500,000
The Community Financial Corporation
Purchase Price Consideration:
Effective settlement of pre-existing debt	500,000
Cash consideration (cash in lieu for fractional shares)	5,000
Total purchase price	153,592,000
Identifiable assets:
Cash and cash equivalents	25,377,000
Total securities	454,468,000
Loans, net	1,765,255,000
Premises and equipment, net	29,277,000
Core deposit intangible asset	48,648,000
Other assets	89,808,000
Total identifiable assets	2,412,833,000
Identifiable liabilities:
Deposits	2,131,141,000
Total debt	97,545,000
Other liabilities	21,739,000
Total identifiable liabilities	2,250,425,000
Provisional fair value of net assets acquired	162,408,000
Bargain purchase gain	$ (8,816,000)
Share price (dollars per share)	$ 11.56			$ 11.56
Common Stock | The Community Financial Corporation
Purchase Price Consideration:
Equity interests	$ 152,612,000
Restricted Stock Units (RSUs) | The Community Financial Corporation
Purchase Price Consideration:
Equity interests	$ 475,000

Investment Securities (Activity

Investment Securities (Activity in the ACL on held-to maturity securities) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2023
Activity in the ACL on held-to maturity securities
Balance, beginning of period	$ 126	$ 0
Other debt securities, provision for credit losses	(32)	94
Balance, end of period	$ 94	$ 94

Investment Securities (Narrativ

Investment Securities (Narrative) (Details)	3 Months Ended	6 Months Ended	12 Months Ended
	Dec. 31, 2023 USD ($) security	Dec. 31, 2023 USD ($) security	Dec. 31, 2023 USD ($) security	Dec. 31, 2022 USD ($) security
Other debt securities, provision for credit losses	$ (32,000)		$ 94,000
Proceeds from sale of AFS securities			0	$ 0
Proceeds from the sale of acquired AFS securities		$ 434,200,000	434,215,000	0
Gross losses from sale		2,200,000
Equity securities, at fair value	5,703,000	5,703,000	5,703,000	1,233,000
HTM securities	513,188,000	513,188,000	513,188,000	$ 559,455,000
Securities past due or on nonaccrual	$ 0	$ 0	$ 0
Available-for-sale securities, number of positions | security	185	185	185	192
Held-to-maturity, securities, number of positions | security	115	115	115	116
Speculative
HTM securities	$ 0	$ 0	$ 0	$ 0
Revision of Prior Period, Change in Accounting Principle, Adjustment
Fair value adjustment recorded through earnings			$ 54,000	$ (200,000)

Investment Securities (Amortize

Investment Securities (Amortized Cost and Estimated Fair Values of Investment Securities) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Available-for-sale securities:
Amortized Cost	$ 120,832	$ 95,999
Gross Unrealized Gains	69	7
Gross Unrealized Losses	10,380	12,419
Investment securities - AFS	110,521	83,587
Held-to-maturity securities:
Amortized Cost	513,282	559,455
Gross Unrealized Gains	57	35
Gross Unrealized Losses	55,509	64,863
Estimated Fair Value	457,830	494,627
U.S. Treasury and government agencies
Available-for-sale securities:
Amortized Cost	23,472	21,798
Gross Unrealized Gains	5	5
Gross Unrealized Losses	3,002	3,625
Investment securities - AFS	20,475	18,178
Held-to-maturity securities:
Amortized Cost	143,442	148,097
Gross Unrealized Gains	0	0
Gross Unrealized Losses	10,377	13,601
Estimated Fair Value	133,065	134,496
Mortgage-backed securities
Available-for-sale securities:
Amortized Cost	91,280	72,183
Gross Unrealized Gains	5	2
Gross Unrealized Losses	7,258	8,666
Investment securities - AFS	84,027	63,519
Held-to-maturity securities:
Amortized Cost	357,870	398,884
Gross Unrealized Gains	0	0
Gross Unrealized Losses	43,864	50,464
Estimated Fair Value	314,006	348,420
Obligations of states and political subdivisions
Held-to-maturity securities:
Amortized Cost	1,470	1,474
Gross Unrealized Gains	57	35
Gross Unrealized Losses	19	28
Estimated Fair Value	1,508	1,481
Other debt securities
Available-for-sale securities:
Amortized Cost	6,080	2,018
Gross Unrealized Gains	59	0
Gross Unrealized Losses	120	128
Investment securities - AFS	6,019	1,890
Held-to-maturity securities:
Amortized Cost	10,500	11,000
Gross Unrealized Gains	0	0
Gross Unrealized Losses	1,249	770
Estimated Fair Value	$ 9,251	$ 10,230

Investment Securities (Credit Q

Investment Securities (Credit Quality Information) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	$ 513,282	$ 559,455
Aaa
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	498,631
Aa1
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	1,470
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	4,681
U.S. Treasury and government agencies
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	143,442	148,097
U.S. Treasury and government agencies | Aaa
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	140,761
U.S. Treasury and government agencies | Aa1
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	0
U.S. Treasury and government agencies | A3
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	0
U.S. Treasury and government agencies | Baa1
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	0
U.S. Treasury and government agencies | Baa2
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	0
U.S. Treasury and government agencies | NR
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	2,681
Mortgage-backed securities
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	357,870	398,884
Mortgage-backed securities | Aaa
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	357,870
Mortgage-backed securities | Aa1
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	0
Mortgage-backed securities | A3
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	0
Mortgage-backed securities | Baa1
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	0
Mortgage-backed securities | Baa2
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	0
Mortgage-backed securities | NR
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	0
Obligations of states and political subdivisions
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	1,470	1,474
Obligations of states and political subdivisions | Aaa
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	0
Obligations of states and political subdivisions | Aa1
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	1,470
Obligations of states and political subdivisions | A3
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	0
Obligations of states and political subdivisions | Baa1
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	0
Obligations of states and political subdivisions | Baa2
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	0
Obligations of 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	Dec. 31, 2023	Dec. 31, 2022
Available-for-sale securities:
Fair value, less than 12 months	$ 24,479	$ 32,180
Unrealized losses, less than 12 months	150	2,541
Fair value, more than 12 months	72,504	50,752
Unrealized losses, more than 12 months	10,230	9,878
Fair Value	96,983	82,932
Unrealized Losses	10,380	12,419
U.S. Treasury and government agencies
Available-for-sale securities:
Fair value, less than 12 months	74	1,165
Unrealized losses, less than 12 months	0	4
Fair value, more than 12 months	17,750	16,585
Unrealized losses, more than 12 months	3,002	3,588
Fair Value	17,824	17,750
Unrealized Losses	3,002	3,592
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 securities
Available-for-sale securities:
Fair value, less than 12 months	24,405	29,125
Unrealized losses, less than 12 months	150	2,409
Fair value, more than 12 months	52,864	34,167
Unrealized losses, more than 12 months	7,108	6,290
Fair Value	77,269	63,292
Unrealized Losses	7,258	8,699
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
Unrealized losses, less than 12 months	0
Fair value, more than 12 months	1,890
Unrealized losses, more than 12 months	120
Fair Value	1,890
Unrealized Losses	$ 120
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
Obligations of states and political subdivisions
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

Investment Securities (Schedule

Investment Securities (Schedule of Securities Debt Maturities) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Amortized Cost
Due in one year or less	$ 2,447
Due after one year through five years	16,491
Due after five years through ten years	29,257
Due after ten years	72,637
Amortized Cost	120,832	$ 95,999
Fair Value
Due in one year or less	2,449
Due after one year through five years	15,439
Due after five years through ten years	26,436
Due after ten years	66,197
Investment securities - AFS	110,521	83,587
Amortized Cost
Due in one year or less	7,000
Due after one year through five years	119,768
Due after five years through ten years	50,538
Due after ten years	335,976
Amortized Cost	513,282	559,455
Fair Value
Due in one year or less	6,927
Due after one year through five years	113,227
Due after five years through ten years	45,833
Due after ten years	291,843
Estimated Fair Value	$ 457,830	$ 494,627

Investment Securities (Amorti_2

Investment Securities (Amortized Cost and Estimated Fair Values of Securities) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Pledged available-for-sale securities
Amortized Cost	$ 120,832	$ 95,999
Restricted securities	17,900	11,169
Pledged held-to-maturity securities
Amortized Cost	513,282	559,455
Estimated Fair Value	457,830	494,627
Total
Pledged available-for-sale securities
Amortized Cost	62,290	83,288
Restricted securities	54,489	72,108
Pledged held-to-maturity securities
Amortized Cost	185,876	19,158
Estimated Fair Value	$ 167,649	$ 16,305

Loans and Allowance for Credi_3

Loans and Allowance for Credit Losses (Loans by Class of Loan Portfolio) (Details) $ in Thousands	Dec. 31, 2023 USD ($)	Jul. 01, 2023 USD ($)	Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Loans and Leases Receivable Disclosure [Line Items]
Total Loans, gross	$ 4,641,010			$ 2,556,107
% of Total Loans	1			1
Less: allowance for credit losses	$ (57,351)	$ (36,361)	$ (29,014)	$ (16,643)	$ (13,944)
Total loans, net	4,583,659			2,539,464
Construction
Loans and Leases Receivable Disclosure [Line Items]
Total Loans, gross	$ 299,000			$ 246,319
% of Total Loans	0.0640			0.0960
Less: allowance for credit losses	$ (3,935)	(2,419)	(2,386)	$ (2,973)	(2,454)
Residential real estate
Loans and Leases Receivable Disclosure [Line Items]
Total Loans, gross	$ 1,490,438			$ 810,497
% of Total Loans	0.3210			0.3170
Less: allowance for credit losses	$ (21,949)	(13,167)	(9,151)	$ (2,622)	(2,858)
Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Total Loans, gross	$ 2,286,154			$ 1,065,409
% of Total Loans	0.4930			0.4170
Less: allowance for credit losses	$ (20,975)	(11,332)	(10,267)	$ (4,899)	(4,598)
Commercial
Loans and Leases Receivable Disclosure [Line Items]
Total Loans, gross	$ 229,939			$ 147,856
% of Total Loans	0.0500			0.0580
Less: allowance for credit losses	$ (2,671)	(2,398)	(1,956)	$ (1,652)	(2,070)
Consumer
Loans and Leases Receivable Disclosure [Line Items]
Total Loans, gross	$ 328,896			$ 286,026
% of Total Loans	0.0710			0.1120
Less: allowance for credit losses	$ (7,601)	$ (7,045)	$ (5,254)	$ (4,497)	$ (1,964)
Credit Cards
Loans and Leases Receivable Disclosure [Line Items]
Total Loans, gross	$ 6,583			$ 0
% of Total Loans	0.0010			0
Less: allowance for credit losses	$ (220)			$ 0

Loans and Allowance for Credi_4

Loans and Allowance for Credit Losses (Narrative) (Details) $ in Thousands		12 Months Ended
	Jul. 01, 2023 USD ($)	Dec. 31, 2023 USD ($) property	Dec. 31, 2022 USD ($) property contract
Unpaid principal balance
Loans outstanding		$ 4,583,659	$ 2,539,464
Loans acquired, net of related discount		35,900	7,700
Loan repayments		1,300	2,200
Deferred costs, net of fees		2,200	1,400
Loans acquired as part of acquisition		297,900	372,200
Loans, at fair value		9,944	$ 8,437
Loans modified | contract			0
Total gross charge-offs		2,373	$ 588
Consumer mortgage loans			18
Doubtful
Unpaid principal balance
Current nonaccrual loans			0
Special Mentions
Unpaid principal balance
Current nonaccrual loans			0
Residential real estate
Unpaid principal balance
Total gross charge-offs		119	5
Consumer mortgage loans		$ 200	$ 300
Number of residential real estate property | property		0	1
Consumer
Unpaid principal balance
Total gross charge-offs		$ 574	$ 31
Consumer | Consumer Loans, Demand Deposit Overdrafts
Unpaid principal balance
Total gross charge-offs		200
Federal Home Loan Mortgage Corporation (FHLMC)
Unpaid principal balance
Loans outstanding		113,200
Federal National Mortgage Association (FNMA)
Unpaid principal balance
Loans outstanding		371,500
Severn Bancorp, Inc.
Unpaid principal balance
Loans acquired, net of related discount		4,700	6,700
The Community Financial Corporation
Unpaid principal balance
Loans acquired, net of related discount	$ 27,400
Loans acquired, net of related discount		108,400
Business combination, loan acquired	$ 1,600,000
Related Party
Unpaid principal balance
Loans outstanding		$ 53,100	$ 24,100

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 ($)
Unpaid principal balance
Par Value	$ 68,170
Purchase Discount	(8,771)
Allowance	(1,513)
Purchase Price	57,886
Construction
Unpaid principal balance
Par Value	177
Purchase Discount	(11)
Allowance	(3)
Purchase Price	163
Residential real estate
Unpaid principal balance
Par Value	8,379
Purchase Discount	(1,307)
Allowance	(215)
Purchase Price	6,857
Commercial real estate
Unpaid principal balance
Par Value	55,779
Purchase Discount	(6,950)
Allowance	(985)
Purchase Price	47,844
Commercial
Unpaid principal balance
Par Value	2,317
Purchase Discount	(243)
Allowance	(278)
Purchase Price	1,796
Consumer
Unpaid principal balance
Par Value	519
Purchase Discount	(38)
Allowance	(14)
Purchase Price	467
Credit Cards
Unpaid principal balance
Par Value	999
Purchase Discount	(222)
Allowance	(18)
Purchase Price	$ 759

Loans and Allowance for Credi_6

Loans and Allowance for Credit Losses (Nonaccrual Loans by Loan Class) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Nonaccrual loans:
Non-accrual with no allowance for credit loss	$ 11,247
Non-accrual with an allowance for credit loss	1,537
Total Non-accruals	12,784	$ 1,908
Interest income, non-accrual with no allowance for credit loss	399
Interest income, non-accrual with an allowance for credit loss	53
Total nonaccrual, interest income	452
Non-accrual Delinquent Loans	6,504
Non-accrual Current Loans	6,280
Construction
Nonaccrual loans:
Non-accrual with no allowance for credit loss	626
Non-accrual with an allowance for credit loss	0
Total Non-accruals	626	297
Non-accrual Delinquent Loans	221
Non-accrual Current Loans	405
Residential real estate
Nonaccrual loans:
Non-accrual with no allowance for credit loss	5,865
Non-accrual with an allowance for credit loss	480
Total Non-accruals	6,345	1,259
Non-accrual Delinquent Loans	4,137
Non-accrual Current Loans	2,208
Commercial real estate
Nonaccrual loans:
Non-accrual with no allowance for credit loss	4,364
Non-accrual with an allowance for credit loss	0
Total Non-accruals	4,364	150
Non-accrual Delinquent Loans	1,215
Non-accrual Current Loans	3,149
Commercial
Nonaccrual loans:
Non-accrual with no allowance for credit loss	176
Non-accrual with an allowance for credit loss	368
Total Non-accruals	544	174
Non-accrual Delinquent Loans	28
Non-accrual Current Loans	516
Consumer
Nonaccrual loans:
Non-accrual with no allowance for credit loss	216
Non-accrual with an allowance for credit loss	689
Total Non-accruals	905	$ 28
Non-accrual Delinquent Loans	903
Non-accrual Current Loans	$ 2

Loans and Allowance for Credi_7

Loans and Allowance for Credit Losses (Loan Risk Ratings) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Credit quality categories
Prior	$ 1,059,173
2019	277,491
2020	461,213
2021	837,657
2022	1,107,579
2023	670,765
Revolving Loans	201,381
Revolving Converted to Term Loans	25,751
Total	4,641,010	$ 2,556,107
Current period gross charge-offs
Total gross charge-offs	(2,373)	(588)
Loans Evaluated By Performing Status
Credit quality categories
Prior	0
2019	0
2020	0
2021	0
2022	0
2023	0
Revolving Loans	6,583
Revolving Converted to Term Loans	0
Total	6,583
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	(111)
Revolving Converted to Term Loans	0
Total gross charge-offs	(111)
Total loans by risk category
Credit quality categories
Prior	1,059,173
2019	277,491
2020	461,213
2021	837,657
2022	1,107,579
2023	670,765
Revolving Loans	194,798
Revolving Converted to Term Loans	25,751
Total	4,634,427
Current period gross charge-offs
Gross charge-offs, prior	(1,035)
Gross charge-offs, 2019	0
Gross charge-offs, 2020	(830)
Gross charge-offs, 2021	(17)
Gross charge-offs, 2022	(8)
Gross charge-offs, 2023	(4)
Revolving Loans	(126)
Revolving Converted to Term Loans	(242)
Total gross charge-offs	(2,262)
Pass
Credit quality categories
Prior	1,035,412
2019	274,768
2020	460,644
2021	830,594
2022	1,101,448
2023	670,765
Revolving Loans	192,565
Revolving Converted to Term Loans	25,296
Total	4,591,492
Special Mentions
Credit quality categories
Prior	15,283
2019	587
2020	564
2021	6,429
2022	4,446
2023	0
Revolving Loans	545
Revolving Converted to Term Loans	409
Total	28,263
Substandard
Credit quality categories
Prior	8,478
2019	2,136
2020	5
2021	634
2022	1,685
2023	0
Revolving Loans	1,688
Revolving Converted to Term Loans	46
Total	14,672
Construction
Credit quality categories
Prior	23,649
2019	15,721
2020	14,773
2021	34,337
2022	101,844
2023	100,620
Revolving Loans	8,056
Revolving Converted to Term Loans	0
Total	299,000	246,319
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
Total gross charge-offs	0	0
Construction | Pass
Credit quality categories
Prior	23,450
2019	15,721
2020	14,773
2021	34,325
2022	101,426
2023	100,620
Revolving Loans	8,056
Revolving Converted to Term Loans	0
Total	298,371
Construction | Substandard
Credit quality categories
Prior	199
2019	0
2020	0
2021	12
2022	418
2023	0
Revolving Loans	0
Revolving Converted to Term Loans	0
Total	629
Residential real estate
Credit quality categories
Prior	323,682
2019	54,643
2020	105,833
2021	251,772
2022	392,378
2023	239,914
Revolving Loans	121,342
Revolving Converted to Term Loans	874
Total	1,490,438	810,497
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	(119)
Revolving Converted to Term Loans	0
Total gross charge-offs	(119)	(5)
Residential real estate | Pass
Credit quality categories
Prior	317,528
2019	54,387
2020	105,269
2021	251,269
2022	392,378
2023	239,914
Revolving Loans	119,777
Revolving Converted to Term Loans	874
Total	1,481,396
Residential real estate | Special Mentions
Credit quality categories
Prior	154
2019	256
2020	564
2021	503
2022	0
2023	0
Revolving Loans	192
Revolving Converted to Term Loans	0
Total	1,669
Residential real estate | Substandard
Credit quality categories
Prior	6,000
2019	0
2020	0
2021	0
2022	0
2023	0
Revolving Loans	1,373
Revolving Converted to Term Loans	0
Total	7,373
Commercial real estate
Credit quality categories
Prior	687,147
2019	193,113
2020	311,980
2021	432,793
2022	432,686
2023	210,915
Revolving Loans	14,973
Revolving Converted to Term Loans	2,547
Total	2,286,154	1,065,409
Current period gross charge-offs
Gross charge-offs, prior	(512)
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
Total gross charge-offs	(1,326)	(6)
Commercial real estate | Pass
Credit quality categories
Prior	670,042
2019	190,753
2020	311,980
2021	426,750
2022	428,240
2023	210,915
Revolving Loans	14,873
Revolving Converted to Term Loans	2,138
Total	2,255,691
Commercial real estate | Special Mentions
Credit quality categories
Prior	14,986
2019	331
2020	0
2021	5,501
2022	4,446
2023	0
Revolving Loans	100
Revolving Converted to Term Loans	409
Total	25,773
Commercial real estate | Substandard
Credit quality categories
Prior	2,119
2019	2,029
2020	0
2021	542
2022	0
2023	0
Revolving Loans	0
Revolving Converted to Term Loans	0
Total	4,690
Commercial
Credit quality categories
Prior	24,074
2019	13,015
2020	14,464
2021	42,046
2022	36,384
2023	27,901
Revolving Loans	49,725
Revolving Converted to Term Loans	22,330
Total	229,939	147,856
Current period gross charge-offs
Gross charge-offs, prior	(1)
Gross charge-offs, 2019	0
Gross charge-offs, 2020
Gross charge-offs, 2021	0
Gross charge-offs, 2022	0
Gross charge-offs, 2023	0
Revolving Loans	0
Revolving Converted to Term Loans	(242)
Total gross charge-offs	(243)	(546)
Commercial | Pass
Credit quality categories
Prior	23,771
2019	12,946
2020	14,464
2021	41,621
2022	35,897
2023	27,901
Revolving Loans	49,160
Revolving Converted to Term Loans	22,284
Total	228,044
Commercial | Special Mentions
Credit quality categories
Prior	143
2019	0
2020	0
2021	425
2022	0
2023	0
Revolving Loans	251
Revolving Converted to Term Loans	0
Total	819
Commercial | Substandard
Credit quality categories
Prior	160
2019	69
2020	0
2021	0
2022	487
2023	0
Revolving Loans	314
Revolving Converted to Term Loans	46
Total	1,076
Consumer
Credit quality categories
Prior	621
2019	999
2020	14,163
2021	76,709
2022	144,287
2023	91,415
Revolving Loans	702
Revolving Converted to Term Loans	0
Total	328,896	286,026
Current period gross charge-offs
Gross charge-offs, prior	(522)
Gross charge-offs, 2019	0
Gross charge-offs, 2020	(16)
Gross charge-offs, 2021	(17)
Gross charge-offs, 2022	(8)
Gross charge-offs, 2023	(4)
Revolving Loans	(7)
Revolving Converted to Term Loans	0
Total gross charge-offs	(574)	(31)
Consumer | Pass
Credit quality categories
Prior	621
2019	961
2020	14,158
2021	76,629
2022	143,507
2023	91,415
Revolving Loans	699
Revolving Converted to Term Loans	0
Total	327,990
Consumer | Special Mentions
Credit quality categories
Prior	0
2019	0
2020	0
2021	0
2022	0
2023	0
Revolving Loans	2
Revolving Converted to Term Loans	0
Total	2
Consumer | Substandard
Credit quality categories
Prior	0
2019	38
2020	5
2021	80
2022	780
2023	0
Revolving Loans	1
Revolving Converted to Term Loans	0
Total	904
Credit Cards
Credit quality categories
Prior	0
2019	0
2020	0
2021	0
2022	0
2023	0
Revolving Loans	6,583
Revolving Converted to Term Loans	0
Total	6,583	$ 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	(111)
Revolving Converted to Term Loans	0
Total gross charge-offs	(111)
Credit Cards | Performing
Credit quality categories
Prior	0
2019	0
2020	0
2021	0
2022	0
2023	0
Revolving Loans	6,583
Revolving Converted to Term Loans	0
Total	6,583
Credit Cards | Non-Performing
Credit quality categories
Prior	0
2019	0
2020	0
2021	0
2022	0
2023	0
Revolving Loans	0
Revolving Converted to Term Loans	0
Total	$ 0

Loans and Allowance for Credi_8

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
Pass/Performing (1)
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans, gross	2,338,936
Pass/Watch
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans, gross	184,544
Special Mentions
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 | PCI
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 | Pass/Performing (1)
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans, gross	231,160
Construction | Pass/Watch
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans, gross	14,212
Construction | Special Mentions
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 | PCI
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 | Pass/Performing (1)
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans, gross	761,405
Residential real estate | Pass/Watch
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans, gross	32,467
Residential real estate | Special Mentions
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 | PCI
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 | Pass/Performing (1)
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans, gross	929,501
Commercial real estate | Pass/Watch
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans, gross	121,711
Commercial real estate | Special Mentions
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 | PCI
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 | Pass/Performing (1)
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans, gross	131,084
Commercial | Pass/Watch
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans, gross	15,958
Commercial | Special Mentions
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 | PCI
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 | Pass/Performing (1)
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans, gross	285,786
Consumer | Pass/Watch
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans, gross	196
Consumer | Special Mentions
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 | PCI
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans, gross	$ 14

Loans and Allowance for Credi_9

Loans and Allowance for Credit Losses (Aging of Past Due Financing Receivables) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Past Due [Line Items]
Total Loans, gross	$ 4,641,010	$ 2,556,107
Total Non-accruals	$ 12,784	$ 1,908
Percent of total loans, nonaccrual		0.10%
Percent of total loans, total loans	100%	100%
Loans, at fair value	$ 9,944	$ 8,437
PCI
Financing Receivable, Past Due [Line Items]
Total Loans, gross		$ 26,642
Percent of total loans, total loans		1%
Current
Financing Receivable, Past Due [Line Items]
Total Loans, gross	4,618,122	$ 2,512,635
Total Non-accruals	$ 6,280
Percent of total loans, current		98.30%
Percentage of total loans, accrual	0.995
Percent of total loans, nonaccrual	0.10%
Total past due
Financing Receivable, Past Due [Line Items]
Total Loans, gross	$ 16,608	$ 14,922
Percent of total loans, total past due	0.40%	0.60%
30‑59 days past due
Financing Receivable, Past Due [Line Items]
Total Loans, gross	$ 8,204	$ 11,164
Percent of total loans, total past due	0.20%	0.40%
60‑89 days past due
Financing Receivable, Past Due [Line Items]
Total Loans, gross	$ 2,649	$ 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]
Total Loans, gross	$ 738
Percent of total loans, total past due	0%
90 days past due and not accruing
Financing Receivable, Past Due [Line Items]
Total Loans, gross	$ 5,017	$ 1,841
Percent of total loans, total past due	0.10%	0.10%
Construction
Financing Receivable, Past Due [Line Items]
Total Loans, gross	$ 299,000	$ 246,319
Total Non-accruals	626	297
Construction | PCI
Financing Receivable, Past Due [Line Items]
Total Loans, gross		650
Construction | Current
Financing Receivable, Past Due [Line Items]
Total Loans, gross	296,456	239,990
Total Non-accruals	405
Construction | Total past due
Financing Receivable, Past Due [Line Items]
Total Loans, gross	2,139	5,382
Construction | 30‑59 days past due
Financing Receivable, Past Due [Line Items]
Total Loans, gross	1,919	4,343
Construction | 60‑89 days past due
Financing Receivable, Past Due [Line Items]
Total Loans, gross	0	1,015
Construction | 90 days past due and still accruing
Financing Receivable, Past Due [Line Items]
Total Loans, gross	0
Construction | 90 days past due and not accruing
Financing Receivable, Past Due [Line Items]
Total Loans, gross	220	24
Residential real estate
Financing Receivable, Past Due [Line Items]
Total Loans, gross	1,490,438	810,497
Total Non-accruals	6,345	1,259
Residential real estate | PCI
Financing Receivable, Past Due [Line Items]
Total Loans, gross		13,956
Residential real estate | Current
Financing Receivable, Past Due [Line Items]
Total Loans, gross	1,481,294	787,070
Total Non-accruals	2,208
Residential real estate | Total past due
Financing Receivable, Past Due [Line Items]
Total Loans, gross	6,936	8,212
Residential real estate | 30‑59 days past due
Financing Receivable, Past Due [Line Items]
Total Loans, gross	2,962	6,214
Residential real estate | 60‑89 days past due
Financing Receivable, Past Due [Line Items]
Total Loans, gross	1,198	891
Residential real estate | 90 days past due and still accruing
Financing Receivable, Past Due [Line Items]
Total Loans, gross	108
Residential real estate | 90 days past due and not accruing
Financing Receivable, Past Due [Line Items]
Total Loans, gross	2,668	1,107
Commercial real estate
Financing Receivable, Past Due [Line Items]
Total Loans, gross	2,286,154	1,065,409
Total Non-accruals	4,364	150
Commercial real estate | PCI
Financing Receivable, Past Due [Line Items]
Total Loans, gross		11,866
Commercial real estate | Current
Financing Receivable, Past Due [Line Items]
Total Loans, gross	2,281,767	1,052,314
Total Non-accruals	3,149
Commercial real estate | Total past due
Financing Receivable, Past Due [Line Items]
Total Loans, gross	1,238	1,079
Commercial real estate | 30‑59 days past due
Financing Receivable, Past Due [Line Items]
Total Loans, gross	16	369
Commercial real estate | 60‑89 days past due
Financing Receivable, Past Due [Line Items]
Total Loans, gross	0	0
Commercial real estate | 90 days past due and still accruing
Financing Receivable, Past Due [Line Items]
Total Loans, gross	0
Commercial real estate | 90 days past due and not accruing
Financing Receivable, Past Due [Line Items]
Total Loans, gross	1,222	710
Commercial
Financing Receivable, Past Due [Line Items]
Total Loans, gross	229,939	147,856
Total Non-accruals	544	174
Commercial | PCI
Financing Receivable, Past Due [Line Items]
Total Loans, gross		156
Commercial | Current
Financing Receivable, Past Due [Line Items]
Total Loans, gross	228,859	147,511
Total Non-accruals	516
Commercial | Total past due
Financing Receivable, Past Due [Line Items]
Total Loans, gross	564	15
Commercial | 30‑59 days past due
Financing Receivable, Past Due [Line Items]
Total Loans, gross	48	15
Commercial | 60‑89 days past due
Financing Receivable, Past Due [Line Items]
Total Loans, gross	0	0
Commercial | 90 days past due and still accruing
Financing Receivable, Past Due [Line Items]
Total Loans, gross	488
Commercial | 90 days past due and not accruing
Financing Receivable, Past Due [Line Items]
Total Loans, gross	28	0
Consumer
Financing Receivable, Past Due [Line Items]
Total Loans, gross	328,896	286,026
Total Non-accruals	905	28
Consumer | PCI
Financing Receivable, Past Due [Line Items]
Total Loans, gross		14
Consumer | Current
Financing Receivable, Past Due [Line Items]
Total Loans, gross	323,376	285,750
Total Non-accruals	2
Consumer | Total past due
Financing Receivable, Past Due [Line Items]
Total Loans, gross	5,518	234
Consumer | 30‑59 days past due
Financing Receivable, Past Due [Line Items]
Total Loans, gross	3,224	223
Consumer | 60‑89 days past due
Financing Receivable, Past Due [Line Items]
Total Loans, gross	1,415	11
Consumer | 90 days past due and still accruing
Financing Receivable, Past Due [Line Items]
Total Loans, gross	0
Consumer | 90 days past due and not accruing
Financing Receivable, Past Due [Line Items]
Total Loans, gross	879	0
Credit Cards
Financing Receivable, Past Due [Line Items]
Total Loans, gross	6,583	$ 0
Credit Cards | Current
Financing Receivable, Past Due [Line Items]
Total Loans, gross	6,370
Total Non-accruals	0
Credit Cards | Total past due
Financing Receivable, Past Due [Line Items]
Total Loans, gross	213
Credit Cards | 30‑59 days past due
Financing Receivable, Past Due [Line Items]
Total Loans, gross	35
Credit Cards | 60‑89 days past due
Financing Receivable, Past Due [Line Items]
Total Loans, gross	36
Credit Cards | 90 days past due and still accruing
Financing Receivable, Past Due [Line Items]
Total Loans, gross	142
Credit Cards | 90 days past due and not accruing
Financing Receivable, Past Due [Line Items]
Total Loans, gross	$ 0

Loans and Allowance for Cred_10

Loans and Allowance for Credit Losses (Allowance for Credit Losses on Financing Receivables) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance	$ 16,643	$ 13,944
Merger adjustments	1,513
Charge-offs	(2,373)	(588)
Recoveries	354	1,362
Net (charge-offs) recoveries	(2,019)	774
Provision	30,423	1,925
Ending Balance	57,351	16,643
Impact of ASC326 Adoption
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance	10,791
Ending Balance		10,791
Construction
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance	2,973	2,454
Merger adjustments	3
Charge-offs	0	0
Recoveries	15	13
Net (charge-offs) recoveries	15	13
Provision	(278)	506
Ending Balance	3,935	2,973
Construction | Impact of ASC326 Adoption
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance	1,222
Ending Balance		1,222
Residential real estate
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance	2,622	2,858
Merger adjustments	215
Charge-offs	(119)	(5)
Recoveries	44	142
Net (charge-offs) recoveries	(75)	137
Provision	14,213	(373)
Ending Balance	21,949	2,622
Residential real estate | Impact of ASC326 Adoption
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance	4,974
Ending Balance		4,974
Commercial real estate
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance	4,899	4,598
Merger adjustments	985
Charge-offs	(1,326)	(6)
Recoveries	0	951
Net (charge-offs) recoveries	(1,326)	945
Provision	12,675	(644)
Ending Balance	20,975	4,899
Commercial real estate | Impact of ASC326 Adoption
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance	3,742
Ending Balance		3,742
Commercial
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance	1,652	2,070
Merger adjustments	278
Charge-offs	(243)	(546)
Recoveries	11	227
Net (charge-offs) recoveries	(232)	(319)
Provision	572	(99)
Ending Balance	2,671	1,652
Commercial | Impact of ASC326 Adoption
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance	401
Ending Balance		401
Consumer
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance	4,497	1,964
Merger adjustments	14
Charge-offs	(574)	(31)
Recoveries	284	29
Net (charge-offs) recoveries	(290)	(2)
Provision	2,928	2,535
Ending Balance	7,601	4,497
Consumer | Impact of ASC326 Adoption
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance	452
Ending Balance		452
Credit Cards
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance	0
Merger adjustments	18
Charge-offs	(111)
Recoveries	0
Net (charge-offs) recoveries	(111)
Provision	313
Ending Balance	220	0
Credit Cards | Impact of ASC326 Adoption
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance	$ 0
Ending Balance		$ 0

Loans and Allowance for Cred_11

Loans and Allowance for Credit Losses (Schedule of collateral-dependent loans) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Unpaid principal balance
Total loans, net	$ 4,583,659	$ 2,539,464
Real Estate Collateral
Unpaid principal balance
Total loans, net	14,843
Other Collateral
Unpaid principal balance
Total loans, net	2,010
Total
Unpaid principal balance
Total loans, net	16,853
Construction | Real Estate Collateral
Unpaid principal balance
Total loans, net	662
Construction | Other Collateral
Unpaid principal balance
Total loans, net	0
Construction | Total
Unpaid principal balance
Total loans, net	662
Residential real estate | Real Estate Collateral
Unpaid principal balance
Total loans, net	8,047
Residential real estate | Other Collateral
Unpaid principal balance
Total loans, net	0
Residential real estate | Total
Unpaid principal balance
Total loans, net	8,047
Commercial real estate | Real Estate Collateral
Unpaid principal balance
Total loans, net	6,134
Commercial real estate | Other Collateral
Unpaid principal balance
Total loans, net	0
Commercial real estate | Total
Unpaid principal balance
Total loans, net	6,134
Commercial | Real Estate Collateral
Unpaid principal balance
Total loans, net	0
Commercial | Other Collateral
Unpaid principal balance
Total loans, net	1,106
Commercial | Total
Unpaid principal balance
Total loans, net	1,106
Consumer | Real Estate Collateral
Unpaid principal balance
Total loans, net	0
Consumer | Other Collateral
Unpaid principal balance
Total loans, net	904
Consumer | Total
Unpaid principal balance
Total loans, net	$ 904

Loans and Allowance for Cred_12

Loans and Allowance for Credit Losses (Schedule of loans acquired from Severn) (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Carrying amount	$ 26,642
Construction
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Carrying amount	650
Residential real estate
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Carrying amount	13,956
Commercial real estate
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Carrying amount	11,866
Commercial
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Carrying amount	156
Consumer
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Carrying amount	14
Severn Bancorp, Inc.
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Outstanding principal balance	378,882
Carrying amount	372,183
Severn Bancorp, Inc. | Construction
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Carrying amount	19,411
Severn Bancorp, Inc. | Residential real estate
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Carrying amount	130,074
Severn Bancorp, Inc. | Commercial real estate
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Carrying amount	186,144
Severn Bancorp, Inc. | Commercial
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Carrying amount	35,843
Severn Bancorp, Inc. | Consumer
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Carrying amount	711
Severn Bancorp, Inc. | PCI
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Outstanding principal balance	29,620
Carrying amount	26,642
Severn Bancorp, Inc. | PCI | Construction
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Carrying amount	650
Severn Bancorp, Inc. | PCI | Residential real estate
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Carrying amount	13,956
Severn Bancorp, Inc. | PCI | Commercial real estate
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Carrying amount	11,866
Severn Bancorp, Inc. | PCI | Commercial
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Carrying amount	156
Severn Bancorp, Inc. | PCI | Consumer
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Carrying amount	14
Severn Bancorp, Inc. | Acquired Loans - Purchased Performing
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Outstanding principal balance	349,262
Carrying amount	345,541
Severn Bancorp, Inc. | Acquired Loans - Purchased Performing | Construction
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Carrying amount	18,761
Severn Bancorp, Inc. | Acquired Loans - Purchased Performing | Residential real estate
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Carrying amount	116,118
Severn Bancorp, Inc. | Acquired Loans - Purchased Performing | Commercial real estate
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Carrying amount	174,278
Severn Bancorp, Inc. | Acquired Loans - Purchased Performing | Commercial
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Carrying amount	35,687
Severn Bancorp, Inc. | Acquired Loans - Purchased Performing | Consumer
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Carrying amount	$ 697

Loans and Allowance for Cred_13

Loans and Allowance for Credit Losses (PCI Loans Acquired) (Details) - Severn Bancorp, Inc. - PCI $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
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	(1,603)
Reclassification of nonaccretable difference due to improvement in expected cash flows	469
Other changes, net	506
Accretable yield, end of period	$ 4,739

Loans and Allowance for Cred_14

Loans and Allowance for Credit Losses (Allowance for Credit Losses on Loans Receivable with Impairment) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Jul. 01, 2023	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021
Unpaid principal balance
Loans individually evaluated for impairment				$ 8,154
Loans collectively evaluated for impairment (1)				2,512,874
Acquired loans - PCI				26,642
Total				2,547,670
Allowance for credit losses allocated to:
Loans individually evaluated for impairment				127
Loans collectively evaluated for impairment				16,516
Total allowance	$ 57,351	$ 36,361	$ 29,014	16,643	$ 13,944
Construction
Unpaid principal balance
Loans individually evaluated for impairment				331
Loans collectively evaluated for impairment (1)				236,901
Acquired loans - PCI				650
Total				237,882
Allowance for credit losses allocated to:
Loans individually evaluated for impairment				0
Loans collectively evaluated for impairment				2,973
Total allowance	3,935	2,419	2,386	2,973	2,454
Residential real estate
Unpaid principal balance
Loans individually evaluated for impairment				5,081
Loans collectively evaluated for impairment (1)				791,460
Acquired loans - PCI				13,956
Total				810,497
Allowance for credit losses allocated to:
Loans individually evaluated for impairment				127
Loans collectively evaluated for impairment				2,495
Total allowance	21,949	13,167	9,151	2,622	2,858
Commercial real estate
Unpaid principal balance
Loans individually evaluated for impairment				2,540
Loans collectively evaluated for impairment (1)				1,051,003
Acquired loans - PCI				11,866
Total				1,065,409
Allowance for credit losses allocated to:
Loans individually evaluated for impairment				0
Loans collectively evaluated for impairment				4,899
Total allowance	20,975	11,332	10,267	4,899	4,598
Commercial
Unpaid principal balance
Loans individually evaluated for impairment				174
Loans collectively evaluated for impairment (1)				147,526
Acquired loans - PCI				156
Total				147,856
Allowance for credit losses allocated to:
Loans individually evaluated for impairment				0
Loans collectively evaluated for impairment				1,652
Total allowance	2,671	2,398	1,956	1,652	2,070
Consumer
Unpaid principal balance
Loans individually evaluated for impairment				28
Loans collectively evaluated for impairment (1)				285,984
Acquired loans - PCI				14
Total				286,026
Allowance for credit losses allocated to:
Loans individually evaluated for impairment				0
Loans collectively evaluated for impairment				4,497
Total allowance	$ 7,601	$ 7,045	$ 5,254	$ 4,497	$ 1,964

Loans and Allowance for Cred_15

Loans and Allowance for Credit Losses (Impaired Financing Receivables by Loan Class) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Nonaccrual TDRs
Unpaid principal balance
Unpaid principal balance	$ 2,207
Recorded investment with no allowance	1,908
Recorded investment with an allowance	0
Related allowance	0
Year-to-date average recorded investment	2,844
Interest income recognized	0
Accruing TDRs
Unpaid principal balance
Unpaid principal balance	4,539
Recorded investment with no allowance	2,866
Recorded investment with an allowance	1,539
Related allowance	127
Year-to-date average recorded investment	5,095
Interest income recognized	165
Other impaired accruing loans:
Unpaid principal balance
Unpaid principal balance	1,841
Recorded investment with no allowance	1,841
Recorded investment with an allowance	0
Related allowance	0
Year-to-date average recorded investment	1,308
Interest income recognized	40
Impaired Loans
Unpaid principal balance
Unpaid principal balance	8,587
Recorded investment with no allowance	6,615
Recorded investment with an allowance	1,539
Related allowance	127
Year-to-date average recorded investment	9,247
Interest income recognized	205
Construction | Nonaccrual TDRs
Unpaid principal balance
Unpaid principal balance	297
Recorded investment with no allowance	297
Recorded investment with an allowance	0
Related allowance	0
Year-to-date average recorded investment	309
Interest income recognized	0
Construction | Accruing TDRs
Unpaid principal balance
Unpaid principal balance	10
Recorded investment with no allowance	10
Recorded investment with an allowance	0
Related allowance	0
Year-to-date average recorded investment	16
Interest income recognized	1
Construction | Other impaired accruing loans:
Unpaid principal balance
Unpaid principal balance	24
Recorded investment with no allowance	24
Recorded investment with an allowance	0
Related allowance	0
Year-to-date average recorded investment	215
Interest income recognized	6
Construction | Impaired Loans
Unpaid principal balance
Unpaid principal balance	331
Recorded investment with no allowance	331
Recorded investment with an allowance	0
Related allowance	0
Year-to-date average recorded investment	540
Interest income recognized	7
Residential real estate | Nonaccrual TDRs
Unpaid principal balance
Unpaid principal balance	1,363
Recorded investment with no allowance	1,259
Recorded investment with an allowance	0
Related allowance	0
Year-to-date average recorded investment	1,661
Interest income recognized	0
Residential real estate | Accruing TDRs
Unpaid principal balance
Unpaid principal balance	2,849
Recorded investment with no allowance	1,176
Recorded investment with an allowance	1,539
Related allowance	127
Year-to-date average recorded investment	2,979
Interest income recognized	108
Residential real estate | Other impaired accruing loans:
Unpaid principal balance
Unpaid principal balance	1,107
Recorded investment with no allowance	1,107
Recorded investment with an allowance	0
Related allowance	0
Year-to-date average recorded investment	474
Interest income recognized	3
Residential real estate | Impaired Loans
Unpaid principal balance
Unpaid principal balance	5,319
Recorded investment with no allowance	3,542
Recorded investment with an allowance	1,539
Related allowance	127
Year-to-date average recorded investment	5,114
Interest income recognized	111
Commercial real estate | Nonaccrual TDRs
Unpaid principal balance
Unpaid principal balance	159
Recorded investment with no allowance	150
Recorded investment with an allowance	0
Related allowance	0
Year-to-date average recorded investment	604
Interest income recognized	0
Commercial real estate | Accruing TDRs
Unpaid principal balance
Unpaid principal balance	1,680
Recorded investment with no allowance	1,680
Recorded investment with an allowance	0
Related allowance	0
Year-to-date average recorded investment	2,095
Interest income recognized	56
Commercial real estate | Other impaired accruing loans:
Unpaid principal balance
Unpaid principal balance	710
Recorded investment with no allowance	710
Recorded investment with an allowance	0
Related allowance	0
Year-to-date average recorded investment	553
Interest income recognized	30
Commercial real estate | Impaired Loans
Unpaid principal balance
Unpaid principal balance	2,549
Recorded investment with no allowance	2,540
Recorded investment with an allowance	0
Related allowance	0
Year-to-date average recorded investment	3,252
Interest income recognized	86
Commercial | Nonaccrual TDRs
Unpaid principal balance
Unpaid principal balance	359
Recorded investment with no allowance	174
Recorded investment with an allowance	0
Related allowance	0
Year-to-date average recorded investment	227
Interest income recognized	0
Commercial | Accruing TDRs
Unpaid principal balance
Unpaid principal balance	0
Recorded investment with no allowance	0
Recorded investment with an allowance	0
Related allowance	0
Year-to-date average recorded investment	0
Interest income recognized	0
Commercial | Other impaired accruing loans:
Unpaid principal balance
Unpaid principal balance	0
Recorded investment with no allowance	0
Recorded investment with an allowance	0
Related allowance	0
Year-to-date average recorded investment	51
Interest income recognized	1
Commercial | Impaired Loans
Unpaid principal balance
Unpaid principal balance	359
Recorded investment with no allowance	174
Recorded investment with an allowance	0
Related allowance	0
Year-to-date average recorded investment	278
Interest income recognized	1
Consumer | Nonaccrual TDRs
Unpaid principal balance
Unpaid principal balance	29
Recorded investment with no allowance	28
Recorded investment with an allowance	0
Related allowance	0
Year-to-date average recorded investment	43
Interest income recognized	0
Consumer | Accruing TDRs
Unpaid principal balance
Unpaid principal balance	0
Recorded investment with no allowance	0
Recorded investment with an allowance	0
Related allowance	0
Year-to-date average recorded investment	5
Interest income recognized	0
Consumer | Other impaired accruing loans:
Unpaid principal balance
Unpaid principal balance	0
Recorded investment with no allowance	0
Recorded investment with an allowance	0
Related allowance	0
Year-to-date average recorded investment	15
Interest income recognized	0
Consumer | Impaired Loans
Unpaid principal balance
Unpaid principal balance	29
Recorded investment with no allowance	28
Recorded investment with an allowance	0
Related allowance	0
Year-to-date average recorded investment	63
Interest income recognized	$ 0

Loans and Allowance for Cred_16

Loans and Allowance for Credit Losses (Rollforward of TDRs) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Unpaid principal balance
TDR beginning balance	$ 5,883
New TDRs	0
Disbursements (Payments)	(346)
Charge-offs	0
Reclassifications/ Transfer In/ (Out)	0
Payoffs	(948)
TDR ending balance	4,589
Related Allowance	(127)
Substandard
Unpaid principal balance
Current nonaccrual loans	1,900
Accruing TDRs
Unpaid principal balance
TDR beginning balance	5,667
New TDRs	0
Disbursements (Payments)	(294)
Charge-offs	0
Reclassifications/ Transfer In/ (Out)	(20)
Payoffs	(948)
TDR ending balance	4,405
Related Allowance	(127)
Accruing TDRs | Construction
Unpaid principal balance
TDR beginning balance	24
New TDRs	0
Disbursements (Payments)	(14)
Charge-offs	0
Reclassifications/ Transfer In/ (Out)	0
Payoffs	0
TDR ending balance	10
Related Allowance	0
Accruing TDRs | Residential real estate
Unpaid principal balance
TDR beginning balance	2,836
New TDRs	0
Disbursements (Payments)	(100)
Charge-offs	0
Reclassifications/ Transfer In/ (Out)	(20)
Payoffs	(1)
TDR ending balance	2,715
Related Allowance	(127)
Accruing TDRs | Commercial real estate
Unpaid principal balance
TDR beginning balance	2,807
New TDRs	0
Disbursements (Payments)	(180)
Charge-offs	0
Reclassifications/ Transfer In/ (Out)	0
Payoffs	(947)
TDR ending balance	1,680
Related Allowance	0
Accruing TDRs | Commercial
Unpaid principal balance
TDR beginning balance	0
New TDRs	0
Disbursements (Payments)	0
Charge-offs	0
Reclassifications/ Transfer In/ (Out)	0
Payoffs	0
TDR ending balance	0
Related Allowance	0
Accruing TDRs | Consumer
Unpaid principal balance
TDR beginning balance	0
New TDRs	0
Disbursements (Payments)	0
Charge-offs	0
Reclassifications/ Transfer In/ (Out)	0
Payoffs	0
TDR ending balance	0
Related Allowance	0
Nonaccrual TDRs
Unpaid principal balance
TDR beginning balance	216
New TDRs	0
Disbursements (Payments)	(52)
Charge-offs	0
Reclassifications/ Transfer In/ (Out)	20
Payoffs	0
TDR ending balance	184
Related Allowance	0
Nonaccrual TDRs | Construction
Unpaid principal balance
TDR beginning balance	0
New TDRs	0
Disbursements (Payments)	0
Charge-offs	0
Reclassifications/ Transfer In/ (Out)	0
Payoffs	0
TDR ending balance	0
Related Allowance	0
Nonaccrual TDRs | Residential real estate
Unpaid principal balance
TDR beginning balance	0
New TDRs	0
Disbursements (Payments)	(6)
Charge-offs	0
Reclassifications/ Transfer In/ (Out)	20
Payoffs	0
TDR ending balance	14
Related Allowance	0
Nonaccrual TDRs | Commercial real estate
Unpaid principal balance
TDR beginning balance	0
New TDRs	0
Disbursements (Payments)	0
Charge-offs	0
Reclassifications/ Transfer In/ (Out)	0
Payoffs	0
TDR ending balance	0
Related Allowance	0
Nonaccrual TDRs | Commercial
Unpaid principal balance
TDR beginning balance	216
New TDRs	0
Disbursements (Payments)	(46)
Charge-offs	0
Reclassifications/ Transfer In/ (Out)	0
Payoffs	0
TDR ending balance	170
Related Allowance	0
Nonaccrual TDRs | Consumer
Unpaid principal balance
TDR beginning balance	0
New TDRs	0
Disbursements (Payments)	0
Charge-offs	0
Reclassifications/ Transfer In/ (Out)	0
Payoffs	0
TDR ending balance	0
Related Allowance	$ 0

Loans and Allowance for Cred_17

Loans and Allowance for Credit Losses (Summary of Loan Modifications) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	$ 367
Financing receivable, excluding accrued interest, modified in period, percentage to total receivables	0.01%
Term Extension
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	$ 367
Interest Rate Reduction
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Payment Delay and Term Extension
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Term Extension and Interest Rate Reduction
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Payment Delay
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Construction
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	$ 0
Financing receivable, excluding accrued interest, modified in period, percentage to total receivables	0%
Construction | Term Extension
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	$ 0
Construction | Interest Rate Reduction
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Construction | Payment Delay and Term Extension
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Construction | Term Extension and Interest Rate Reduction
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Construction | Payment Delay
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Residential real estate
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	$ 0
Financing receivable, excluding accrued interest, modified in period, percentage to total receivables	0%
Residential real estate | Term Extension
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	$ 0
Residential real estate | Interest Rate Reduction
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Residential real estate | Payment Delay and Term Extension
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Residential real estate | Term Extension and Interest Rate Reduction
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Residential real estate | Payment Delay
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Residential Rentals
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	$ 0
Financing receivable, excluding accrued interest, modified in period, percentage to total receivables	0%
Residential Rentals | Term Extension
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	$ 0
Residential Rentals | Interest Rate Reduction
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Residential Rentals | Payment Delay and Term Extension
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Residential Rentals | Term Extension and Interest Rate Reduction
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Residential Rentals | Payment Delay
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	$ 0
Commercial real estate
Unpaid principal balance
Modification term	3 months
Financing receivable, excluding accrued interest, modified in period, amount	$ 125
Financing receivable, excluding accrued interest, modified in period, percentage to total receivables	0.01%
Commercial real estate | Term Extension
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	$ 125
Commercial real estate | Interest Rate Reduction
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Commercial real estate | Payment Delay and Term Extension
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Commercial real estate | Term Extension and Interest Rate Reduction
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Commercial real estate | Payment Delay
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	$ 0
Commercial
Unpaid principal balance
Modification term	3 months
Financing receivable, excluding accrued interest, modified in period, amount	$ 242
Financing receivable, excluding accrued interest, modified in period, percentage to total receivables	0.11%
Commercial | Term Extension
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	$ 242
Commercial | Interest Rate Reduction
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Commercial | Payment Delay and Term Extension
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Commercial | Term Extension and Interest Rate Reduction
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Commercial | Payment Delay
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Consumer
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	$ 0
Financing receivable, excluding accrued interest, modified in period, percentage to total receivables	0%
Consumer | Term Extension
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	$ 0
Consumer | Interest Rate Reduction
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Consumer | Payment Delay and Term Extension
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Consumer | Term Extension and Interest Rate Reduction
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Consumer | Payment Delay
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Credit Cards
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	$ 0
Financing receivable, excluding accrued interest, modified in period, percentage to total receivables	0%
Credit Cards | Term Extension
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	$ 0
Credit Cards | Interest Rate Reduction
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Credit Cards | Payment Delay and Term Extension
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Credit Cards | Term Extension and Interest Rate Reduction
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Credit Cards | Payment Delay
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	$ 0

Loans and Allowance for Cred_18

Loans and Allowance for Credit Losses (Summary of Loan Modifications Made to Borrowers Experiencing Financial Difficulty) (Details)	12 Months Ended
	Dec. 31, 2023
Commercial real estate
Unpaid principal balance
Weighted-Average Months of Term Extension	12 months
Commercial
Unpaid principal balance
Weighted-Average Months of Term Extension	12 months

Loans and Allowance for Cred_19

Loans and Allowance for Credit Losses (Summary of Aging Analysis of Loan Modifications) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	$ 367
Financing receivable, excluding accrued interest, non-accrual, modified in period, amount	214
30‑59 days past due
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
60‑89 days past due
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
90 days past due and still accruing
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
90 days past due and not accruing
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Total past due
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Current
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	153
Construction
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Financing receivable, excluding accrued interest, non-accrual, modified in period, amount	0
Construction | 30‑59 days past due
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Construction | 60‑89 days past due
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Construction | 90 days past due and still accruing
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Construction | 90 days past due and not accruing
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Construction | Total past due
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Construction | Current
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Residential real estate
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Financing receivable, excluding accrued interest, non-accrual, modified in period, amount	0
Residential real estate | 30‑59 days past due
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Residential real estate | 60‑89 days past due
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Residential real estate | 90 days past due and still accruing
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Residential real estate | 90 days past due and not accruing
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Residential real estate | Total past due
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Residential real estate | Current
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Residential Rentals
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Financing receivable, excluding accrued interest, non-accrual, modified in period, amount	0
Residential Rentals | 30‑59 days past due
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Residential Rentals | 60‑89 days past due
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Residential Rentals | 90 days past due and still accruing
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Residential Rentals | 90 days past due and not accruing
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Residential Rentals | Total past due
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Residential Rentals | Current
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Commercial real estate
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	125
Financing receivable, excluding accrued interest, non-accrual, modified in period, amount	125
Commercial real estate | 30‑59 days past due
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Commercial real estate | 60‑89 days past due
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Commercial real estate | 90 days past due and still accruing
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Commercial real estate | 90 days past due and not accruing
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Commercial real estate | Total past due
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Commercial real estate | Current
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Commercial
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	242
Financing receivable, excluding accrued interest, non-accrual, modified in period, amount	89
Commercial | 30‑59 days past due
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Commercial | 60‑89 days past due
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Commercial | 90 days past due and still accruing
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Commercial | 90 days past due and not accruing
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Commercial | Total past due
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Commercial | Current
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	153
Consumer
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Financing receivable, excluding accrued interest, non-accrual, modified in period, amount	0
Consumer | 30‑59 days past due
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Consumer | 60‑89 days past due
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Consumer | 90 days past due and still accruing
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Consumer | 90 days past due and not accruing
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Consumer | Total past due
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Consumer | Current
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Credit Cards
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Financing receivable, excluding accrued interest, non-accrual, modified in period, amount	0
Credit Cards | 30‑59 days past due
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Credit Cards | 60‑89 days past due
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Credit Cards | 90 days past due and still accruing
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Credit Cards | 90 days past due and not accruing
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Credit Cards | Total past due
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	0
Credit Cards | Current
Unpaid principal balance
Financing receivable, excluding accrued interest, modified in period, amount	$ 0

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets (Schedule of Components of Goodwill and Other Acquired Intangible Assets) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Gross Carrying Amount	$ 65,476	$ 65,631
Additions	0
Measurement Period Adjustments	0	(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	10,503
Additions	48,648
Measurement Period Adjustments	0	0
Accumulated Impairment Charges	0	0
Accumulated Amortization	(11,061)	(4,956)
Other intangible assets, net	48,090	5,547
Core Deposits Intangible
Goodwill and Intangible Assets [Line Items]
Gross Carrying Amount	10,503	10,503
Additions	48,648
Measurement Period Adjustments	0	0
Accumulated Impairment Charges	0	0
Accumulated Amortization	(11,061)	(4,956)
Other intangible assets, net	$ 48,090	$ 5,547
Weighted Average Remaining Life (in years)	3 years 8 months 12 days	2 years 7 months 6 days

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of other intangible assets	$ 6,105	$ 1,988

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets (Future Amortization Expense for Amortizable Other Intangible Assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
2024	$ 9,779
2025	8,589
2026	7,398
2027	6,208
2028	5,060
Thereafter	11,056
Total amortizing intangible assets	$ 48,090	$ 5,547

Leases (Lease Information) (Det

Leases (Lease Information) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Lessee, Lease, Description [Line Items]
Lease liabilities	$ 12,857	$ 9,908
Right-of-use assets	$ 12,487	$ 9,629
Weighted average remaining lease term	10 years 10 months 17 days	12 years 6 months 18 days
Weighted average discount rate	3.24%	2.50%
Operating Lease Income, Comprehensive Income, Extensible List Not Disclosed, Flag	gross rental income
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease term	4 months 20 days	1 month 28 days
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease term	17 years 8 months 4 days	18 years 8 months 4 days

Leases (Lease cost) (Details)

Leases (Lease cost) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Leases [Abstract]
Operating lease cost	$ 1,645,000	$ 1,355,000
Short-term lease cost	0	0
Total lease cost	1,645,000	1,355,000
Cash paid for amounts included in the measurement of lease liabilities	$ 1,553,000	$ 1,268,000

Leases (Narrative) (Details)

Leases (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Leases [Abstract]
Gross rental income	$ 1.2	$ 1.3
Lessee, Operating Lease, Option to Extend		TRUE

Leases (Lease Payments Due) (De

Leases (Lease Payments Due) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Leases [Abstract]
2024	$ 1,801
2025	1,617
2026	1,575
2027	1,469
2028	1,419
2028	7,261
Total undiscounted cash flows	15,142
Discount	2,285
Lease liabilities	$ 12,857	$ 9,908

Leases (Minimum Future Annual R

Leases (Minimum Future Annual Rental Income) (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Leases [Abstract]
2024	$ 833
2025	854
2026	876
2027	562
2028	578
Thereafter	2,521
Total	$ 6,224

Premises and Equipment (Schedul

Premises and Equipment (Schedule of Property Plant and Equipment) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	$ 101,367	$ 67,668
Accumulated depreciation	(18,981)	(16,180)
Total	82,386	51,488
Land
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	19,041	10,886
Buildings and land improvements
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	67,506	48,605
Furniture and equipment
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	$ 14,820	$ 8,177

Premises and Equipment (Narrati

Premises and Equipment (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Depreciation	$ 3.3	$ 2.4

Deposits (Summary of Deposits)

Deposits (Summary of Deposits) (Details) $ in Thousands	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Balance
Noninterest-bearing demand	$ 1,258,037	$ 862,015
Interest-bearing:
Demand	1,165,546	694,101
Money market deposits	1,430,603	709,132
Savings	347,324	320,188
Certificates of deposit	1,184,610	424,348
Total interest-bearing	4,128,083	2,147,769
Total deposits	$ 5,386,120	$ 3,009,784
%
Noninterest-bearing demand	0.2336	0.2864
Interest-bearing:
Demand	21.64%	23.06%
Money market deposits	26.56%	23.56%
Savings	6.45%	10.64%
Certificates of deposit	21.99%	14.10%
Total interest-bearing	76.64%	71.36%
Total Deposits	1	1

Deposits (Narrative) (Details)

Deposits (Narrative) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Deposit Liability [Line Items]
Deposits	$ 5,386,120	$ 3,009,784
Certificate of deposit at or over $250,000	354,600	77,700
Officers, Directors, And Associates
Deposit Liability [Line Items]
Deposits	$ 35,600	$ 11,900

Deposits (Schedule of Contractu

Deposits (Schedule of Contractual Maturities of Time Deposits) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Deposits [Abstract]
Within one year	$ 1,042,343	$ 230,715
Year 2	78,585	138,356
Year 3	36,469	23,860
Year 4	12,081	17,327
Year 5	14,955	14,051
Thereafter	177	39
Total	$ 1,184,610	$ 424,348

Borrowings (Schedule of Short-t

Borrowings (Schedule of Short-term Borrowings) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Repurchase agreements
Short-Term Debt [Line Items]
Average for the year, amount	$ 0	$ 683,000
Average for the year, repurchase agreements, rate	0%	0.25%
At year end, amount	$ 0	$ 0
At year end, repurchase agreements, rate	0%	0%
FHLB Advances
Short-Term Debt [Line Items]
Average for the year, amount	$ 111,392,000	$ 1,863,000
Average for the year, FHLB advances, rate	4.95%	3.87%
At year end, amount	$ 0	$ 40,000,000
At year end, FHLB advances, rate	0%	4.57%

Borrowings (Narrative) (Details

Borrowings (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Short-Term Debt [Line Items]
Secured credit availability	$ 659,000,000
Letters of credit	86,100,000	$ 6,100,000
Long-term debt	72,297,000	43,072,000
Subordinated Debt
Short-Term Debt [Line Items]
Long-term debt, gross	44,500,000	25,000,000
Subordinated Debt | Severn Bancorp, Inc.
Short-Term Debt [Line Items]
Long-term debt	18,600,000
Unamortized fair value adjustment	2,000,000
Trust Preferred Securities
Short-Term Debt [Line Items]
Long-term debt, gross	32,619,000	20,619,000
FHLB Advances
Short-Term Debt [Line Items]
Short-term debt	0	40,000,000
Federal Funds Line Of Credit And Reverse Repurchase Agreement | Line of Credit
Short-Term Debt [Line Items]
Short-term debt	45,000,000	45,000,000
September 2030 Subordinated Debentures | Subordinated Debt
Short-Term Debt [Line Items]
Long-term debt, gross	25,000,000	25,000,000
Long-term debt	24,800,000	18,300,000
October 2030 Subordinated Debentures | Subordinated Debt
Short-Term Debt [Line Items]
Long-term debt, gross	19,500,000	0
Severn Capital Trust I | Trust Preferred Securities
Short-Term Debt [Line Items]
Long-term debt, gross	20,619,000	20,619,000
Tri-County Capital Trust I | Subordinated Debt
Short-Term Debt [Line Items]
Long-term debt	6,400,000
Unamortized fair value adjustment	600,000
Tri-County Capital Trust I | Trust Preferred Securities
Short-Term Debt [Line Items]
Long-term debt, gross	7,000,000	0
Tri-County Capital Trust II | Subordinated Debt
Short-Term Debt [Line Items]
Long-term debt	4,200,000
Unamortized fair value adjustment	800,000
Tri-County Capital Trust II | Trust Preferred Securities
Short-Term Debt [Line Items]
Long-term debt, gross	$ 5,000,000	$ 0

Borrowings (Schedule of Long-Te

Borrowings (Schedule of Long-Term Debt) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Less net discount and unamortized issuance costs	$ (4,822)	$ (2,547)
Total long-term debt	72,297	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	18,300
September 2030 Subordinated Debentures | Subordinated Debt | Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Basis spread on variable rate	5.265%
October 2030 Subordinated Debentures | Subordinated Debt
Debt Instrument [Line Items]
Long-term debt, gross	$ 19,500	0
Interest Rate	4.75%
October 2030 Subordinated Debentures | Subordinated Debt | Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Basis spread on variable 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]
Basis spread on variable 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]
Basis spread on variable 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]
Basis spread on variable rate	1.70%

Benefit Plans (Narrative) (Deta

Benefit Plans (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Retirement Benefits [Abstract]
Company contributions	$ 1.7	$ 1.3

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Award performance cycle	3 years
Equity Plan 2016 | Time Based Restricted Stock Awards
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares authorized for granting (in shares)	750,000
Shares available to be granted (in shares)	455,530
Equity Plan 2016 | Stock Options
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Award expiration	10 years
Options granted in period (in shares)	0	0
Equity Plan 2016 | 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
Restricted stock awards, vested in period, fair value	$ 0.6	$ 0.5
Equity Plan 2016 | 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
Restricted stock awards, vested in period, fair value	$ 0.2
Minimum | Restricted Stock
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Award vesting period	3 years
Minimum | Restricted Stock Units (RSUs)
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Award vesting period	1 year
Minimum | Equity Plan 2016 | Time Based Restricted Stock Awards
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Award vesting period	1 year
Maximum | Restricted Stock
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Award vesting period	5 years
Maximum | Restricted Stock Units (RSUs)
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Award vesting period	3 years
Maximum | Equity Plan 2016 | Time Based Restricted Stock Awards
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Award vesting period	3 years

Stock-Based Compensation (Sched

Stock-Based Compensation (Schedule of Stock-Based Compensation) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Stock-based compensation expense	$ 1,174	$ 636
Unrecognized stock-based compensation expense	$ 1,859	$ 138
Weighted average period unrecognized expense is expected to be recognized	1 year 3 months 18 days	2 months 12 days

Stock-Based Compensation (Sch_2

Stock-Based Compensation (Schedule of Stock-Based Compensation, RS and RSU Award Activity) (Details) - Equity Plan 2016 - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Restricted Stock
Number of Shares
Nonvested at beginning of period (in shares)	36,860	29,425
Transferred (in shares)	3,977
Granted (in shares)	44,340	34,184
Vested (in shares)	(38,184)	(26,749)
Forfeited (in shares)	(1,671)	0
Nonvested at end of period (in shares)	45,322	36,860
Weighted Average Grant Date Fair Value
Nonvested at beginning of period (in dollars per share)	$ 20.15	$ 13.95
Transferred (in dollars per share)	11.56
Granted (in dollars per share)	15.58	20.48
Vested (in dollars per share)	19.68	13.75
Forfeited (in dollars per share)	17.49	0
Nonvested at end of period (in dollars per share)	$ 15.42	$ 20.15
Restricted Stock Units (RSUs)
Number of Shares
Nonvested at beginning of period (in shares)	0	0
Transferred (in shares)	90,783
Granted (in shares)	91,047	0
Vested (in shares)	(15,573)	0
Forfeited (in shares)	(1,202)	0
Nonvested at end of period (in shares)	165,055	0
Weighted Average Grant Date Fair Value
Nonvested at beginning of period (in dollars per share)	$ 0	$ 0
Transferred (in dollars per share)	11.56
Granted (in dollars per share)	11.56	0
Vested (in dollars per share)	11.56	0
Forfeited (in dollars per share)	11.56	0
Nonvested at end of period (in dollars per share)	$ 11.56	$ 0

Derivatives (Narrative) (Detail

Derivatives (Narrative) (Details) - IRLCs	12 Months Ended
	Dec. 31, 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	Dec. 31, 2023	Dec. 31, 2022
IRLCs
Derivatives, Fair Value [Line Items]
Derivative asset, notional amount	$ 6,785	$ 4,166
Derivative asset, estimated fair value	110	35
Derivative liability, notional amount	0	1,150
Derivative liability, estimated fair value	0	7
TBA forward trades
Derivatives, Fair Value [Line Items]
Derivative asset, notional amount	1,000	8,750
Derivative asset, estimated fair value	2	41
Derivative liability, notional amount	18,000	1,000
Derivative liability, estimated fair value	$ 176	$ 6

Deferred Compensation (Narrativ

Deferred Compensation (Narrative) (Details) - Management and Highly Compensated Employees - Executive Deferred Compensation Plan	12 Months Ended
	Dec. 31, 2023
Deferred Compensation Arrangement with Individual, Share-Based Payments [Line Items]
Employee percentage of salary, maximum	100%
Award vesting period	5 years

Deferred Compensation (Schedule

Deferred Compensation (Schedule of Deferred Compensation Arrangement) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Deferred Compensation Arrangements [Abstract]
Elective deferrals	$ 273	$ 238
Deferred compensation liability	$ 1,576	$ 948

Deferred Compensation (Schedu_2

Deferred Compensation (Schedule of Deferred Compensation Arrangement in Other Assets and Other Liabilities) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Deferred Compensation Arrangement with Individual, Share-Based Payments [Line Items]
Cash surrender value on life insurance	$ 101,704	$ 59,218
Deferred compensation liability	1,576	948
SERP Plan
Deferred Compensation Arrangement with Individual, Share-Based Payments [Line Items]
Cash surrender value on life insurance	98,140	56,117
Deferred compensation liability	12,869	4,177
SERP Expense	1,405	1,063
Former Directors from CNB
Deferred Compensation Arrangement with Individual, Share-Based Payments [Line Items]
Cash surrender value on life insurance	2,322	2,260
Deferred compensation liability	$ 388	$ 450

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Schedule of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning of period	$ 364,285	$ 350,693
Other comprehensive income (loss), net of tax	1,527	(9,077)
End of period	511,135	364,285
Net Unrealized Gains And (Losses)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning of period	(9,021)	56
Other comprehensive income (loss), net of tax	1,527	(9,077)
End of period	$ (7,494)	$ (9,021)

Income Taxes (Schedule of Compo

Income Taxes (Schedule of Components of Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Current tax expense:
Federal	$ 172	$ 8,814
State	63	3,332
Current income tax expense (benefit), total	235	12,146
Deferred income tax (benefit) expense:
Federal	1,692	(911)
State	1,029	(271)
Deferred income tax expense (benefit), total	2,721	(1,182)
Total income tax expense	$ 2,956	$ 10,964

Income Taxes (Schedule of Effec

Income Taxes (Schedule of Effective Income Tax Rate Reconciliation) (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Tax at federal statutory rate	21%	21%
Tax effect of:
Tax-exempt income	(3.60%)	(1.00%)
State income taxes, net of federal benefit	6.10%	5.70%
Bargain purchase gain	(0.131)	0
Nondeductible compensation costs	0.039	0
Nondeductible merger related expenses	0.026	0
Other	3.90%	0.30%
Actual income tax expense rate	20.80%	26%

Income Taxes (Schedule of Defer

Income Taxes (Schedule of Deferred Tax Assets and Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Deferred tax assets:
Allowance for credit losses	$ 14,534	$ 4,460
Write-downs of OREO	33	21
Nonaccrual loan interest	344	345
Lease liabilities	3,326	2,635
Deferred compensation	4,160	1,522
Federal net operating loss	6,528	0
State net operating loss	2,448	722
Deferred loan costs	1,775	1,183
Acquisition fair value adjustments	30,452	2,580
Unrealized losses on available-for-sale securities	2,825	3,399
Other	1,398	883
Total deferred tax assets	67,823	17,750
Less valuation allowance	(1,015)	(791)
Deferred tax assets, net of valuation allowance	66,808	16,959
Deferred tax liabilities:
Depreciation	4,320	2,491
Right-of-use assets	3,229	2,560
Mortgage servicing rights	1,541	1,405
Acquisition fair value adjustments	2,401	466
Deferred capital gain on branch sale	207	220
Intangibles	13,611	2,290
Other	792	170
Total deferred tax liabilities	26,101	9,602
Net deferred tax assets	$ 40,707	$ 7,357

Regulatory Capital Requiremen_3

Regulatory Capital Requirements (Details) $ in Thousands	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Regulatory Capital Requirements under Banking Regulations [Abstract]
Capital adequacy, minimum, common equity Tier 1	0.045
Capital adequacy, minimum Tier 1 risk-based capital ratio	0.060
Capital adequacy, minimum, total risk-based capital	0.080
Capital adequacy, minimum, Tier 1 leverage ratio	0.040
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	$ 511,135	$ 364,285	$ 350,693
Goodwill	(63,266)	(63,266)
Core deposit intangible	(38,069)	(5,547)
DTAs that arise from net operating loss and tax credit carry forwards	(8,977)	0
AOCI (gains) losses	7,494	9,021
Common Equity Tier 1 Capital	408,317	304,493
TRUPs	29,158	18,398
Tier 1 Capital	437,475	322,891
Allowable reserve for credit losses and other Tier 2 adjustments	58,586	16,854
Subordinated debt	43,139	24,674
Total Capital	539,200	364,419
Risk-Weighted Assets ("RWA")	4,697,504	2,619,400
Average Assets ("AA")	$ 5,649,116	$ 3,390,516
Regulatory Minimum Ratio + CCB, Common Tier 1 Capital to RWA	7%
Common Tier 1 Capital to RWA	0.0869	0.1162
Regulatory Minimum Ratio + CCB, Tier 1 Capital to RWA	0.0850
Tier 1 Capital to RWA	0.0931	0.1233
Regulatory Minimum Ratio + CCB, Total Capital to RWA	10.50%
Total Capital to RWA	0.1148	0.1391
Tier 1 Capital to AA (Leverage)	0.0774	0.0952
The Bank
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Common equity	$ 570,100	$ 395,594
Goodwill	(63,266)	(63,266)
Core deposit intangible	(38,069)	(5,547)
DTAs that arise from net operating loss and tax credit carry forwards	(6,059)	0
AOCI (gains) losses	7,494	9,021
Common Equity Tier 1 Capital	470,200	335,802
TRUPs	0	0
Tier 1 Capital	470,200	335,802
Allowable reserve for credit losses and other Tier 2 adjustments	58,586	16,854
Subordinated debt	0	0
Total Capital	528,786	352,656
Risk-Weighted Assets ("RWA")	4,693,009	2,618,939
Average Assets ("AA")	$ 5,644,930	$ 3,386,771
Common Tier 1 Capital to RWA	0.1002	0.1282
Tier 1 Capital to RWA	0.1002	0.1282
Total Capital to RWA	0.1127	0.1347
Tier 1 Capital to AA (Leverage)	0.0833	0.0992

Fair Value Measurements (Estima

Fair Value Measurements (Estimated Fair Value and Range) (Details) $ in Thousands	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
MSRs	$ 5,926	$ 5,275
IRLCs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
IRLCs - Derivative Asset	110	35
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
MSRs	5,926	5,275
Level 3 | IRLCs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
IRLCs - Derivative Asset	110	35
Valuation, Market Approach | Prepayment speed | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
MSRs	$ 5,926	$ 5,275
MSRs Range	129	121
Valuation, Market Approach | Pull through rate | Level 3 | IRLCs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
IRLCs - Derivative Asset	$ 110	$ 28
Minimum | Valuation, Market Approach | Pull through rate | Level 3 | IRLCs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
IRLCs Range	0.78	0.78
Maximum | Valuation, Market Approach | Pull through rate | Level 3 | IRLCs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
IRLCs Range	1	1
Average pull through rate | Valuation, Market Approach | Pull through rate | 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) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)
Servicing Asset at Fair Value, Amount [Roll Forward]
Beginning balance	$ 5,275
Servicing rights resulting from sales of loans	712
Servicing rights acquired in acquisition of TCFC	190
Valuation adjustment	(251)
Ending balance	$ 5,926

Fair Value Measurements (Acti_2

Fair Value Measurements (Activity in IRLCs) (Details) - IRLCs $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)
Derivative Asset, Subject to Master Netting Arrangement [Roll Forward]
Beginning balance	$ 28
Valuation adjustment	82
Ending balance	$ 110

Fair Value Measurements (Assets

Fair Value Measurements (Assets and Liabilities Measured on Recurring Basis) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Investment securities:
Securities available for sale:	$ 110,521	$ 83,587
Equity securities	5,703	1,233
Loans Held for Sale	8,782	4,248
Loans Held for Investment, at fair value	9,944	8,437
MSRs	5,926	5,275
Total assets at fair value	140,988	102,856
Total liabilities at fair value	176	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:	110,521	83,587
Equity securities	5,703	1,233
Loans Held for Sale	8,782	4,248
Loans Held for Investment, at fair value	9,944	8,437
MSRs	0	0
Total assets at fair value	134,952	97,546
Total liabilities at fair value	176	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	5,926	5,275
Total assets at fair value	6,036	5,310
Total liabilities at fair value	0	7
U.S. Treasury and government agencies
Investment securities:
Securities available for sale:	20,475	18,178
U.S. Treasury and government agencies | Level 1
Investment securities:
Securities available for sale:	0	0
U.S. Treasury and government agencies | Level 2
Investment securities:
Securities available for sale:	20,475	18,178
U.S. Treasury and government agencies | Level 3
Investment securities:
Securities available for sale:	0	0
Mortgage-backed securities
Investment securities:
Securities available for sale:	84,027	63,519
Mortgage-backed securities | Level 1
Investment securities:
Securities available for sale:	0	0
Mortgage-backed securities | Level 2
Investment securities:
Securities available for sale:	84,027	63,519
Mortgage-backed securities | Level 3
Investment securities:
Securities available for sale:	0	0
Other debt securities
Investment securities:
Securities available for sale:	6,019	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:	6,019	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	2	41
IRLCs - Derivative Liability	176	6
TBA forward trades | Level 1
Investment securities:
Derivative asset, estimated fair value	0	0
IRLCs - Derivative Liability	0	0
TBA forward trades | Level 2
Investment securities:
Derivative asset, estimated fair value	2	41
IRLCs - Derivative Liability	176	6
TBA forward trades | Level 3
Investment securities:
Derivative asset, estimated fair value	0	0
IRLCs - Derivative Liability	0	0
IRLCs
Investment securities:
Derivative asset, estimated fair value	110	35
IRLCs - Derivative Liability		7
IRLCs | Level 1
Investment securities:
Derivative asset, estimated fair value	0	0
IRLCs - Derivative Liability		0
IRLCs | Level 2
Investment securities:
Derivative asset, estimated fair value	0	0
IRLCs - Derivative Liability		0
IRLCs | Level 3
Investment securities:
Derivative asset, estimated fair value	$ 110	35
IRLCs - Derivative Liability		$ 7

Fair Value Measurements (Fair V

Fair Value Measurements (Fair Value of Assets Measured on Nonrecurring Basis) (Details) - Level 3 - Fair Value, Nonrecurring - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Appraisal Of Collateral
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans	$ 633
Other real estate owned	$ 179	$ 197
Individually evaluated collateral dependent loans, liquidation expense	5,100%
Appraisal Of Collateral | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned, measurement input	0%	0%
Appraisal Of Collateral | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned, measurement input	20%	20%
Appraisal Of Collateral | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually evaluated collateral dependent loans, liquidation expense	5,100%
Other real estate owned, measurement input	0%	(2.00%)
Liquidation Expense
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually evaluated collateral dependent loans, liquidation expense	1,000%
Liquidation Expense | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually evaluated collateral dependent loans, liquidation expense	1,000%

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	Dec. 31, 2023	Dec. 31, 2022
Assets
Investment securities - AFS	$ 110,521	$ 83,587
Investment securities - HTM, net	457,830	494,627
Restricted securities	17,900	11,169
Loans held for sale, at fair value	8,782	4,248
Loans, at fair value	9,944	8,437
MSRs	5,926	5,275
Level 1
Assets
Cash and cash equivalents	372,413	55,499
Investment securities - AFS	0	0
Investment securities - HTM, net	0	0
Equity securities	0	0
Restricted securities	0	0
Loans held for sale, at fair value	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
Certificates of Deposit	0	0
Advances from FHLB - short term		0
Subordinated debt	0	0
TRUPS	0
Level 1 | TBA forward trades
Assets
Derivative asset	0	0
Deposits:
Derivative liability	0	0
Level 1 | IRLCs
Assets
Derivative asset	0	0
Deposits:
Derivative liability		0
Level 2
Assets
Cash and cash equivalents	0	0
Investment securities - AFS	110,521	83,587
Investment securities - HTM, net	457,830	494,626
Equity securities	5,703	1,233
Restricted securities	17,900	11,169
Loans held for sale, at fair value	8,782	4,248
Cash surrender value on life insurance	101,704	59,218
Loans, at fair value	9,944	8,437
Loans, net	0	0
MSRs	0	0
Deposits:
Noninterest-bearing demand	1,258,037	862,015
Checking plus interest	1,165,546	694,101
Money Market	1,430,603	709,132
Savings	347,324	320,188
Certificates of Deposit	1,184,447	410,455
Advances from FHLB - short term		40,002
Subordinated debt	42,579	41,193
TRUPS	28,266
Level 2 | TBA forward trades
Assets
Derivative asset	2	41
Deposits:
Derivative liability	176	6
Level 2 | IRLCs
Assets
Derivative asset	0	0
Deposits:
Derivative liability		0
Level 3
Assets
Cash and cash equivalents	0	0
Investment securities - AFS	0	0
Investment securities - HTM, net	0	0
Equity securities	0	0
Restricted securities	0	0
Loans held for sale, at fair value	0	0
Cash surrender value on life insurance	0	0
Loans, at fair value	0	0
Loans, net	4,477,468	2,431,808
MSRs	5,926	5,275
Deposits:
Noninterest-bearing demand	0	0
Checking plus interest	0	0
Money Market	0	0
Savings	0	0
Certificates of Deposit	0	0
Advances from FHLB - short term		0
Subordinated debt	0	0
TRUPS	0
Level 3 | TBA forward trades
Assets
Derivative asset	0	0
Deposits:
Derivative liability	0	0
Level 3 | IRLCs
Assets
Derivative asset	110	35
Deposits:
Derivative liability		7
Carrying Amount
Assets
Cash and cash equivalents	372,413	55,499
Investment securities - AFS	110,521	83,587
Investment securities - HTM, net	513,188	559,455
Equity securities	5,703	1,233
Restricted securities	17,900	11,169
Loans held for sale, at fair value	8,782	4,248
Cash surrender value on life insurance	101,704	59,218
Loans, at fair value	9,944	8,437
Loans, net	4,573,715	2,531,027
MSRs	5,926	5,275
Deposits:
Noninterest-bearing demand	1,258,037	862,015
Checking plus interest	1,165,546	694,101
Money Market	1,430,603	709,132
Savings	347,324	320,188
Certificates of Deposit	1,184,610	424,348
Advances from FHLB - short term		40,000
Subordinated debt	43,139	43,072
TRUPS	29,158
Carrying Amount | TBA forward trades
Assets
Derivative asset	2	41
Deposits:
Derivative liability	176	6
Carrying Amount | IRLCs
Assets
Derivative asset	110	35
Deposits:
Derivative liability		7
Fair Value
Assets
Cash and cash equivalents	372,413	55,499
Investment securities - AFS	110,521	83,587
Investment securities - HTM, net	457,830	494,626
Equity securities	5,703	1,233
Restricted securities	17,900	11,169
Loans held for sale, at fair value	8,782	4,248
Cash surrender value on life insurance	101,704	59,218
Loans, at fair value	9,944	8,437
Loans, net	4,477,468	2,431,808
MSRs	5,926	5,275
Deposits:
Noninterest-bearing demand	1,258,037	862,015
Checking plus interest	1,165,546	694,101
Money Market	1,430,603	709,132
Savings	347,324	320,188
Certificates of Deposit	1,184,447	410,455
Advances from FHLB - short term		40,002
Subordinated debt	42,579	41,193
TRUPS	28,266
Fair Value | TBA forward trades
Assets
Derivative asset	2	41
Deposits:
Derivative liability	176	6
Fair Value | IRLCs
Assets
Derivative asset	$ 110	35
Deposits:
Derivative liability		$ 7

Commitments and Contingencies_2

Commitments and Contingencies (Schedule of Commitments Outstanding) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Commitments outstanding	$ 641,785	$ 414,362
Commitments to extend credit
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Commitments outstanding	613,266	406,353
Letters of credit
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Commitments outstanding	$ 28,519	$ 8,009

Commitments and Contingencies_3

Commitments and Contingencies (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Unfunded commitments, provision for credit loss	$ 1,100
Deposits	5,386,120	$ 3,009,784
Total loans, net	4,583,659	2,539,464
Interest Income	214,079	113,845
Noninterest income	33,159	$ 23,086
Business Activities With Medical Use Cannabis Customers | Medical Use Cannabis Customers
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Deposits	$ 310,200
Deposits with customers as percentage of total deposits	5.80%
Total loans, net	$ 73,700
Loans with customers as percentage of total loans	1.60%
Interest Income	$ 11,200
Noninterest income	$ 1,100

Related Party Transactions (Nar

Related Party Transactions (Narrative) (Details) - Law Firm With Common Partner - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Jan. 31, 2022
Related Party Transaction [Line Items]
Renewal term			5 years
Lease rent payment	$ 0.3	$ 0.3

Earnings Per Common Share (Calc

Earnings Per Common Share (Calculation of Earnings Per Common Share) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Earnings Per Share [Abstract]
Net income	$ 11,228	$ 31,177
Average number of common shares outstanding (in shares)	26,572,000	19,847,000
Dilutive effect of common stock equivalents	2,000	0
Average number of shares used to calculate diluted EPS (in shares)	26,574,000	19,847,000
Anti-dilutive shares (in shares)	0	0

Revenue Recognition (Noninteres

Revenue Recognition (Noninterest Income) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disaggregation of Revenue [Line Items]
Noninterest Income (in-scope of Topic 606)	$ 18,335	$ 15,340
Noninterest Income (out-of-scope of Topic 606)	14,824	7,746
Total noninterest income	33,159	23,086
Service charges on deposit accounts
Disaggregation of Revenue [Line Items]
Noninterest Income (in-scope of Topic 606)	5,501	5,652
Trust and investment fee income
Disaggregation of Revenue [Line Items]
Noninterest Income (in-scope of Topic 606)	3,608	1,784
Interchange income
Disaggregation of Revenue [Line Items]
Noninterest Income (in-scope of Topic 606)	5,714	4,812
Title Company revenue
Disaggregation of Revenue [Line Items]
Noninterest Income (in-scope of Topic 606)	551	1,340
Other noninterest income
Disaggregation of Revenue [Line Items]
Noninterest Income (in-scope of Topic 606)	$ 2,961	$ 1,752

Parent Company Financial Info_3

Parent Company Financial Information (Condensed Balance Sheets, Parent Only) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Assets
Other assets	$ 24,790	$ 11,260
TOTAL ASSETS	6,010,918	3,477,276
Liabilities
Other liabilities	28,509	10,227
Long-term debt	72,297	43,072
TOTAL LIABILITIES	5,499,783	3,112,991
Stockholders’ equity
Common stock	332	199
Additional paid in capital	356,007	201,494
Retained earnings	162,290	171,613
Accumulated other comprehensive (loss)	(7,494)	(9,021)
TOTAL STOCKHOLDERS' EQUITY	511,135	364,285	$ 350,693
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	6,010,918	3,477,276
Parent Company
Assets
Cash	7,345	7,145
Investment in subsidiaries	571,298	396,897
Other assets	7,926	5,392
TOTAL ASSETS	586,569	409,434
Liabilities
Accrued interest payable	1,050	744
Other liabilities	2,087	1,333
Long-term debt	72,297	43,072
TOTAL LIABILITIES	75,434	45,149
Stockholders’ equity
Common stock	332	199
Additional paid in capital	356,007	201,494
Retained earnings	162,290	171,613
Accumulated other comprehensive (loss)	(7,494)	(9,021)
TOTAL STOCKHOLDERS' EQUITY	511,135	364,285
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 586,569	$ 409,434

Parent Company Financial Info_4

Parent Company Financial Information (Condensed Statements of Income, Parent Only) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Parent Company Financial Information [Line Items]
Bargain purchase gain	$ 8,816	$ 0
Expenses
Interest expense	78,772	12,543
Legal and professional fees	4,337	2,840
Income tax expense (benefit)	2,956	10,964
NET INCOME	11,228	31,177
Parent Company
Parent Company Financial Information [Line Items]
Dividends from subsidiaries	22,000	5,500
Company owned life insurance income	141	67
Bargain purchase gain	8,816	0
Total income	30,957	5,567
Expenses
Interest expense	4,454	2,451
Salaries and employee benefits	358	324
Occupancy and equipment expense	1	0
Legal and professional fees	5,164	1,654
Other operating expenses	775	540
Total expenses	10,752	4,969
Income before income tax (benefit) and equity (deficit) in undistributed net income of subsidiaries	20,205	598
Income tax expense (benefit)	(1,557)	(1,059)
Income before (deficit) equity in undistributed net income of subsidiaries	21,762	1,657
Equity (deficit) in undistributed net income of subsidiaries	(10,534)	29,520
NET INCOME	$ 11,228	$ 31,177

Parent Company Financial Info_5

Parent Company Financial Information (Condensed Statements of Cash Flows, Parent Only) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Bargain purchase gain	$ (8,816)	$ 0
Amortization of debt issuance costs	122	122
Stock-based compensation expense	1,174	636
Bank owned life insurance income	(1,997)	(1,118)
Net (increase) decrease in other assets	(10,875)	(1,450)
Net (decrease) increase in other liabilities	(3,653)	(5,838)
Net cash provided by operating activities	22,713	52,647
Cash flows from investing activities:
Purchase of company owned life insurance	(249)	(10,165)
Net cash provided by (used in) investing activities	172,313	(581,572)
Cash flows from financing activities:
Common stock dividends paid	(12,733)	(9,530)
Issuance of common stock	385	386
Net cash provided by financing activities	121,888	811
Net increase (decrease) in cash and cash equivalents	316,914	(528,114)
Cash and cash equivalents at beginning of period	55,499	583,613
Cash and cash equivalents at end of period	372,413	55,499
Parent Company
Cash flows from operating activities:
Net Income	11,228	31,177
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Deficit (equity) in undistributed net income of subsidiaries	10,534	(29,521)
Bargain purchase gain	(8,816)	0
Amortization of debt issuance costs	122	122
Stock-based compensation expense	1,174	636
Bank owned life insurance income	(141)	(67)
Acquisition accounting adjustments	557	188
Net (increase) decrease in other assets	(1,267)	387
Net (decrease) increase in other liabilities	(682)	275
Net cash provided by operating activities	12,709	3,197
Cash flows from investing activities:
Purchase of company owned life insurance	(249)	0
Cash acquired in the acquisition of TCFC, net of cash paid	88	0
Net cash provided by (used in) investing activities	(161)	0
Cash flows from financing activities:
Common stock dividends paid	(12,733)	(9,530)
Issuance of common stock	385	386
Net cash provided by financing activities	(12,348)	(9,144)
Net increase (decrease) in cash and cash equivalents	200	(5,947)
Cash and cash equivalents at beginning of period	7,145	13,092
Cash and cash equivalents at end of period	$ 7,345	$ 7,145