Shore Bancshares (SHBI) 10-Q 9 May 24 2024 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2024	May 03, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
Document Transition Report	false
Entity File Number	0-22345
Entity Registrant Name	SHORE BANCSHARES, INC.
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	52-1974638
Entity Address, Address Line One	18 E. Dover Street
Entity Address, City or Town	Easton
Entity Address, State or Province	MD
Entity Address, Postal Zip Code	21601
City Area Code	410
Local Phone Number	763-7800
Title of 12(b) Security	Common Stock
Trading Symbol	SHBI
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		33,210,522
Entity Central Index Key	0001035092
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
ASSETS
Cash and due from banks	$ 43,079	$ 63,172
Interest-bearing deposits with other banks	71,481	309,241
Cash and cash equivalents	114,560	372,413
Investment securities:
Investment securities - AFS	179,496	110,521
Held to maturity, net of allowance for credit losses of $116 (2024) and $94 (2023) (fair value of $444,258 (2024) and $457,830 (2023))	503,822	513,188
Equity securities, at fair value	5,681	5,703
Restricted securities, at cost	17,863	17,900
Loans held for sale, at fair value	13,767	8,782
Less: allowance for credit losses	(57,336)	(57,351)
Loans, net	4,591,389	4,583,659
Premises and equipment, net	83,084	82,386
Goodwill	63,266	63,266
Other intangible assets, net	45,515	48,090
Other real estate owned, net	179	179
Repossessed properties	1,845	0
Mortgage servicing rights, at fair value	5,821	5,926
Right-of-use assets	12,153	12,487
Cash surrender value on life insurance	102,321	101,704
Accrued interest receivable	19,541	19,217
Deferred income taxes	38,978	40,707
Other assets	26,423	24,790
TOTAL ASSETS	5,825,704	6,010,918
Deposits:
Noninterest-bearing	1,200,680	1,258,037
Interest-bearing	3,983,599	4,128,083
Total deposits	5,184,279	5,386,120
Guaranteed preferred beneficial interest in junior subordinated debentures ("TRUPS"), net	29,237	29,158
Subordinated debt, net	43,322	43,139
Total borrowings	72,559	72,297
Lease liabilities	12,552	12,857
Other liabilities	41,086	28,509
TOTAL LIABILITIES	5,310,476	5,499,783
STOCKHOLDERS' EQUITY
Common stock, par value $.01 per share; shares authorized - 50,000,000; shares issued and outstanding - 33,210,522 (2024) and 33,161,532 (2023)	332	332
Additional paid in capital	356,464	356,007
Retained earnings	166,490	162,290
Accumulated other comprehensive loss	(8,058)	(7,494)
TOTAL STOCKHOLDERS' EQUITY	515,228	511,135
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 5,825,704	$ 6,010,918

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Available-for-sale, amortized cost	$ 190,583	$ 120,832
Held to maturity, allowance for credit losses	116	94
Held to maturity, fair value	444,258	457,830
Loans, at fair value	$ 9,684	$ 9,944
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	50,000,000	50,000,000
Common stock, issued (in shares)	33,210,522	33,161,532
Common stock, outstanding (in shares)	33,210,522	33,161,532

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2024	Mar. 31, 2023
INTEREST INCOME
Interest and fees on loans		$ 65,754	$ 30,828
Interest and dividends on taxable investment securities		4,419	4,064
Interest and dividends on tax-exempt investment securities		6	7
Interest on deposits with other banks		960	163
Total interest income		71,139	35,062
INTEREST EXPENSE
Interest on deposits		28,497	7,281
Interest on short-term borrowings		56	1,361
Interest on long-term borrowings		1,451	756
Total interest expense		30,004	9,398
NET INTEREST INCOME		41,135	25,664
Provision for credit losses		407	1,213
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES		40,728	24,451
NONINTEREST INCOME
Service charges on deposit accounts		1,507	1,213
Trust and investment fee income		734	432
Interchange credits		1,587	1,212
Mortgage-banking revenue		801	977
Title Company revenue		78	137
Other noninterest income		1,860	1,363
Total noninterest income		6,567	5,334
NONINTEREST EXPENSE
Salaries and wages		11,852	8,684
Employee benefits		4,097	2,921
Occupancy expense		2,416	1,619
Furniture and equipment expense		904	534
Data processing		2,867	1,798
Directors' fees		295	250
Amortization of other intangible assets		2,576	441
FDIC insurance premium expense		1,150	371
Other real estate owned expenses, net		0	(1)
Legal and professional fees		1,599	750
Fraud losses	[1]	4,502	67
Merger-related expenses		0	691
Other noninterest expenses		4,440	2,768
Total noninterest expense		36,698	20,893
Income before income taxes		10,597	8,892
Income tax expense		2,413	2,435
NET INCOME		$ 8,184	$ 6,457
Basic net income per common share (in dollars per share)		$ 0.25	$ 0.32
Diluted net income per common share (in dollars per share)		0.25	0.32
Dividends paid per common share (in dollars per share)		$ 0.12	$ 0.12
[1]Fraud losses includes $4.3 million of credit card fraud losses for the quarter ended March 31, 2024

CONSOLIDATED STATEMENTS OF IN_2

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) (Parenthetical) $ in Millions	3 Months Ended
	Mar. 31, 2024 USD ($)
Income Statement [Abstract]
Credit card fraud losses	$ 4.3

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 8,184	$ 6,457
Investment securities:
Unrealized holding gains (losses) on available-for-sale-securities	(776)	1,183
Tax effect	212	(323)
Total other comprehensive income (loss)	(564)	860
Comprehensive income	$ 7,620	$ 7,317

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Common Stock	Additional Paid in Capital	Retained Earnings	Retained Earnings Cumulative Effect, Period of Adoption, Adjustment	Accumulated Other Comprehensive Loss
Beginning balance at Dec. 31, 2022	$ 364,285	$ (7,818)	$ 199	$ 201,494	$ 171,613	$ (7,818)	$ (9,021)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	6,457				6,457
Other comprehensive loss	860						860
Common shares issued for employee stock purchase plan	87			87
Stock-based compensation	155			155
Cash dividends declared	(2,388)				(2,388)
Ending balance at Mar. 31, 2023	361,638		199	201,736	167,864		(8,161)
Beginning balance at Dec. 31, 2023	511,135		332	356,007	162,290		(7,494)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	8,184				8,184
Other comprehensive loss	(564)						(564)
Common shares issued for employee stock purchase plan	103			103
Stock-based compensation	354			354
Cash dividends declared	(3,984)				(3,984)
Ending balance at Mar. 31, 2024	$ 515,228		$ 332	$ 356,464	$ 166,490		$ (8,058)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income	$ 8,184	$ 6,457
Adjustments to reconcile net income to net cash provided by operating activities:
Net accretion of acquisition accounting estimates	(3,753)	(646)
Provision for credit losses	407	1,213
Depreciation and amortization	4,099	1,383
Net amortization of securities	43	249
Amortization of debt issuance costs	31	31
Gain on mortgage banking activities	(820)	(719)
Proceeds from sale of mortgage loans held for sale	22,737	21,947
Originations of loans held for sale	(27,257)	(20,710)
Stock-based compensation expense	354	155
Deferred income tax expense (benefit)	1,941	(126)
Loss on valuation adjustments on mortgage servicing rights	223	82
Valuation adjustments on premises transferred to held for sale	0	225
Gain on sales and valuation adjustments on other real estate owned	0	(3)
Fair value adjustments on loans held for investments, at fair value	210	(195)
Fair value adjustment on equity securities	61	(17)
Bank owned life insurance income	(592)	(364)
Net changes in:
Accrued interest receivable	(324)	1,291
Other assets	(1,508)	(1,408)
Accrued interest payable	(1,353)	320
Other liabilities	(296)	2,055
Net cash provided by operating activities	2,387	11,220
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from maturities and principal payments of investment securities available for sale	3,849	3,175
Proceeds from maturities and principal payments of investment securities held to maturity	9,215	10,017
Purchases of investment securities available for sale	(59,431)	0
Purchases of equity securities	(39)	(8)
Purchase of restricted securities	(5,973)	(11,421)
Net change in loans	(5,984)	(111,681)
Purchases of premises and equipment	(1,773)	(619)
Proceeds from sales of other real estate owned	0	21
Redemption of restricted securities	6,010	7,523
Purchases of bank owned life insurance	(25)	(129)
Net cash (used in) investing activities	(54,151)	(103,122)
Net changes in:
Noninterest-bearing deposits	(57,357)	(53,336)
Interest-bearing deposits	(144,851)	38,249
Short-term borrowings	0	91,500
Common stock dividends paid	(3,984)	(2,388)
Issuance of common stock	103	87
Net cash (used in) provided by financing activities	(206,089)	74,112
Net decrease in cash and cash equivalents	(257,853)	(17,790)
Cash and cash equivalents at beginning of period	372,413	55,499
Cash and cash equivalents at end of period	114,560	37,709
Supplemental cash flows information:
Interest paid	30,728	12,711
Income taxes paid	87	215
Recognition (remeasurement of) lease liabilities arising from right-of-use assets	71	(5)
Transfers from loans to repossessed properties	1,845	0
Unrealized (losses) gains on securities available for sale	(776)	1,183
Unsettled securities transaction	14,083	0
Transfer of premises to held for sale (included in other assets)	$ 0	$ 750

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The consolidated financial statements include the accounts of Shore Bancshares, Inc. and its subsidiaries with all significant intercompany transactions eliminated. The consolidated financial statements conform to accounting principles generally accepted in the United States of America (“GAAP”) and to prevailing practices within the banking industry. The accompanying interim financial statements are unaudited; however, in the opinion of management all adjustments necessary to present fairly the consolidated financial position at March 31, 2024, the consolidated results of income and comprehensive income for the three months ended March 31, 2024 and 2023, changes in stockholders’ equity for the three months ended March 31, 2024 and 2023 and cash flows for the three months ended March 31, 2024 and 2023, have been included. All such adjustments were of a normal recurring nature. The amounts as of December 31, 2023 were derived from the 2023 audited financial statements. The results of operations for the three months ended March 31, 2024 are not necessarily indicative of the results to be expected for any other interim period or for the full year. This Quarterly Report on Form 10-Q should be read in conjunction with the Annual Report of Shore Bancshares, Inc. on Form 10-K for the year ended December 31, 2023 ( the “2023 Annual Report”).. For purposes of comparability, certain immaterial reclassifications have been made to amounts previously reported to conform with the current period presentation. When used in these notes, the term “the Company” refers to Shore Bancshares, Inc. and, unless the context requires otherwise, its consolidated subsidiaries, Shore United Bank, N.A. (the “Bank”) and Mid-Maryland Title Company, Inc. (the “Title Company”). Recent Accounting Pronouncements ASU Update 2023-09 – 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 2023-09 to have a material impact on its consolidated financial statements. ASU Update 2023-07 – 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 adoptions permitted. The amendments should be applied retrospectively. The Company does not expect the adoption of ASU 2023-07 to have a material impact on its consolidated financial statements. ASU Update 2023-06 – In October 2023, the Financial Accounting Standards Board (FASB) issued ASU 2023-06, “Disclosure Improvements: Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative.” This ASU incorporates certain U.S. Securities and Exchange Commission (SEC) disclosure requirements into the FASB Accounting Standards Codification. The amendments in the ASU are expected to clarify or improve disclosure and presentation requirements of a variety of Codification Topics, allow users to more easily compare entities subject to the SEC’s existing disclosures with those entities that were not previously subject to the requirements, and align the requirements in the Codification with the SEC’s regulations. For entities subject to the SEC’s existing disclosure requirements and for entities required to file or furnish financial statements with or to the SEC in preparation for the sale of or for purposes of issuing securities that are not subject to contractual restrictions on transfer, the effective date for each amendment will be the date on which the SEC removes that related disclosure from its rules. For all other entities, the amendments will be effective two years later. However, if by June 30, 2027, the SEC has not removed the related disclosure from its regulations, the amendments will be removed from the Codification and not become effective for any entity. The Company does not expect the adoption of ASU 2023-06 to have a material impact on its consolidated financial statements. ASU Update 2023-05 – In August 2023, the Financial Accounting Standards Board (FASB) issued ASU 2023-05, “Business Combinations – Joint Venture Formations (Subtopic 805-60): Recognition and Initial Measurement.” This ASU applies to the formation of entities that meet the definition of a joint venture (or a corporate joint venture) as defined in the FASB Accounting Standards Codification Master Glossary. While joint ventures are defined in the Master Glossary, there has been no specific guidance in the Codification that applies to the formation accounting by a joint venture in its separate financial statements. The amendments in the ASU require that a joint venture apply a new basis of accounting upon formation. As a result, a newly formed joint venture, upon formation, would initially measure its assets and liabilities at fair value (with exceptions to fair value measurement that are consistent with the business combinations guidance). This ASU is effective on a prospective basis for all joint ventures with a formation date on or after January 1, 2025. Early adoption of ASU No. 2023-05 is permitted in any interim or annual period in which financial statements have not yet been issued (or made available for issuance). A joint venture that elects to early adopt may apply ASU No. 2023-05 either prospectively or retrospectively. The Company does not expect the adoption of ASU 2023-05 to have a material impact on its consolidated financial statements. ASU Update 2023-03 – In July 2023, the Financial Accounting Standards Board (FASB) issued ASU 2023-03, “Presentation of Financial Statements (Topic 205), Income Statement—Reporting Comprehensive Income (Topic 220), Distinguishing Liabilities from Equity (Topic 480), Equity (Topic 505), and Compensation—Stock Compensation (Topic 718).” This ASU amends the FASB Accounting Standards Codification for SEC paragraphs pursuant to SEC Staff Accounting Bulletin No. 120, SEC Staff Announcement at the March 24, 2022 EITF Meeting, and Staff Accounting Bulletin Topic 6.B, Accounting Series Release 280—General Revision of Regulation S-X: Income or Loss Applicable to Common Stock. ASU 2023-03 is effective upon addition to the FASB Codification. The Company does not expect the adoption of ASU 2023-03 to have a material impact on its consolidated financial statements.

Business Combinations

Business Combinations	3 Months Ended
	Mar. 31, 2024
Business Combination and Asset Acquisition [Abstract]
Business Combinations	Business Combinations On July 1, 2023 (the “Acquisition Date”), the Company completed the acquisition of TCFC, a Maryland corporation, 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 stockholders, customers, employees, and communities served by the Company 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. (Dollars in thousands) 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, net 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) The Company 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 the Company’s 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 credit 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	3 Months Ended
	Mar. 31, 2024
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 March 31, 2024 and as of December 31, 2023 are in accordance with ASC 326. The following table summarizes the activity in the ACL on HTM securities. (Dollars in thousands) Three Months Ended March 31, 2024 Three Months Ended March 31, 2023 Balance, beginning of period $ 94 $ — Other debt securities, provision for credit losses 22 163 Balance, end of period $ 116 $ 163 A provision for credit losses of $22,000 and $0.2 million was recorded for the three months ended March 31, 2024 and March 31, 2023, respectively. The following tables provide information on the amortized cost and estimated fair values of debt securities. (Dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Available-for-sale securities: March 31, 2024 U.S. Treasury and government agencies $ 72,701 $ 8 $ 3,168 $ 69,541 Mortgage-backed-residential 111,780 20 8,174 103,626 Other debt securities 6,102 322 95 6,329 Total $ 190,583 $ 350 $ 11,437 $ 179,496 December 31, 2023 U.S. Treasury and government agencies $ 23,472 $ 5 $ 3,002 $ 20,475 Mortgage-backed-residential 91,280 5 7,258 84,027 Other debt securities 6,080 59 120 6,019 Total $ 120,832 $ 69 $ 10,380 $ 110,521 No AFS securities were sold during the three months ended March 31, 2024 and 2023. (Dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Allowance for Credit Losses Held-to-maturity securities: March 31, 2024 U.S. Treasury and government agencies $ 143,215 $ — $ 11,172 $ 132,043 $ — Mortgage-backed-residential 348,754 — 47,343 301,411 — States and political subdivisions 1,469 44 24 1,489 — Other debt securities 10,500 — 1,185 9,315 116 Total $ 503,938 $ 44 $ 59,724 $ 444,258 $ 116 December 31, 2023 U.S. Treasury and government agencies $ 143,442 $ — $ 10,377 $ 133,065 $ — Mortgage-backed-residential 357,870 — 43,864 314,006 — States and political subdivisions 1,470 57 19 1,508 — Other debt securities 10,500 — 1,249 9,251 94 Total $ 513,282 $ 57 $ 55,509 $ 457,830 $ 94 Equity securities with an aggregate fair value of $5.7 million at March 31, 2024 and $5.7 million at December 31, 2023 are presented separately on the balance sheet. The fair value adjustment recorded through earnings totaled gain of $61,000 for the three months ended March 31, 2024 and loss of $17,000 for the three months ended March 31, 2023, 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 March 31, 2024 or December 31, 2023. 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 March 31, 2024. March 31, 2024 Investment Grade (Dollars in thousands) Aaa Aa1 A3 Baa1 Baa2 NR Total U.S. Treasury and government agencies $ 139,543 $ — $ — $ — $ — $ 3,672 $ 143,215 Mortgage-backed-residential 348,754 — — — — — 348,754 States and political subdivisions — 1,469 — — — — 1,469 Other debt securities — — 4,000 4,000 500 2,000 10,500 Total held-to maturity securities $ 488,297 $ 1,469 $ 4,000 $ 4,000 $ 500 $ 5,672 $ 503,938 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 tables provide information about gross unrealized losses and fair value by length of time that the individual securities have been in a continuous unrealized loss position at March 31, 2024 and December 31, 2023. Less than 12 Months More than 12 Months Total (Dollars in thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses March 31, 2024 Available-for-sale securities: U.S. Treasury and government agencies $ 196 $ 1 $ 17,278 $ 3,167 $ 17,474 $ 3,168 Mortgage-backed-residential 33,688 526 63,243 7,648 96,931 8,174 Other debt securities — — 1,913 95 1,913 95 Total $ 33,884 $ 527 $ 82,434 $ 10,910 $ 116,318 $ 11,437 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-residential 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 There were 115 AFS debt securities with a fair value below the amortized cost basis, totaling $11.4 million of aggregate fair value as of March 31, 2024. The Company concluded that a credit loss does not exist in its AFS securities portfolio as of March 31, 2024, 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 March 31, 2024. 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 March 31, 2024, the carrying value of pledged AFS securities was $53.1 million and $195.8 million of pledged HTM securities. The comparable amounts for December 31, 2023 were $54.5 million and $185.9 million, respectively. There were no obligations of states or political subdivisions with carrying values, as to any issuer, exceeding 10% of stockholders’ equity at March 31, 2024 or December 31, 2023. The following table provides information on the amortized cost and estimated fair values of investment securities by maturity date at March 31, 2024. Available for sale Held to maturity (Dollars in thousands) Amortized Cost Fair Value Amortized Cost Fair Value Due in one year or less $ 51,911 $ 51,915 $ 7,000 $ 6,947 Due after one year through five years 16,189 15,075 129,497 121,031 Due after five years through ten years 42,049 39,399 39,125 35,652 Due after ten years 80,434 73,107 328,316 280,628 Total $ 190,583 $ 179,496 $ 503,938 $ 444,258 The maturity dates for debt securities are determined using contractual maturity dates.

Loans and Allowance for Credit

Loans and Allowance for Credit Losses	3 Months Ended
	Mar. 31, 2024
Receivables [Abstract]
Loans and Allowance for Credit Losses	Loans and Allowance for Credit Losses On January 1, 2023, the Company adopted ASC 326. The measurement of expected credit losses under the CECL methodology is applicable to financial assets measured at amortized cost, including loan receivables. For further discussion on the most significant accounting policies that the Company follows see Note 1 – Summary of Significant Accounting Policies of the Company’s 2023 Annual Report. 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 March 31, 2024 and December 31, 2023. (Dollars in thousands) March 31, 2024 % of Total Loans December 31, 2023 % of Total Loans Construction $ 299,133 6.43 % $ 299,000 6.44 % Residential real estate 1,515,134 32.59 % 1,490,438 32.11 % Commercial real estate 2,272,867 48.90 % 2,286,154 49.27 % Commercial 229,594 4.94 % 229,939 4.95 % Consumer 325,076 6.99 % 328,896 7.09 % Credit Cards 6,921 0.15 % 6,583 0.14 % Total loans 4,648,725 100.00 % 4,641,010 100.00 % Allowance for credit losses on loans (57,336) (57,351) Total loans, net $ 4,591,389 $ 4,583,659 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 $2.4 million and $2.2 million at March 31, 2024 and December 31, 2023. At March 31, 2024 and December 31, 2023 included in total loans were $1.6 billion and $1.6 billion in loans acquired as part of the acquisition of TCFC, effective July 1, 2023. These balances were presented net of the related discount which totaled $104.2 million and $108.4 million at March 31, 2024 and December 31, 2023, respectively. At March 31, 2024 and December 31, 2023, included in total loans were $289.0 million and $297.9 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 $4.4 million and $4.7 million at March 31, 2024 and December 31, 2023, respectively. At March 31, 2024, the Bank was servicing $371.1 million in loans for the Federal National Mortgage Association and $117.8 million in loans for Freddie Mac. The following table provides information on nonaccrual loans by loan class as of March 31, 2024 and 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 March 31, 2024 Nonaccrual loans: Construction $ — $ 476 $ 476 Residential real estate 4 6,379 6,383 Commercial real estate — 3,643 3,643 Commercial 1,209 147 1,356 Consumer 694 224 918 Total $ 1,907 $ 10,869 $ 12,776 Interest income $ 187 $ 33 $ 220 (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 March 31, 2024 Nonaccrual loans: Construction $ 210 $ 266 $ 476 Residential real estate 3,718 2,665 6,383 Commercial real estate 940 2,703 3,643 Commercial 51 1,305 1,356 Consumer 918 — 918 Total $ 5,837 $ 6,939 $ 12,776 (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. Consumer credit cards are monitored based on a borrower payment history. Credit card loans are classified as performing and are typically charged off no later than 180 days past due when, in the opinion of management, the collection of principal or interest is considered doubtful. Loans subject to risk ratings 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 tables provides information on loan risk ratings as of March 31, 2024 and gross write-offs during the three months ended March 31, 2024. Term Loans by Origination Year Revolving Loans Revolving Converted to Term Loans Total (Dollars in thousands) Prior 2020 2021 2022 2023 2024 March 31, 2024 Construction Pass $ 38,125 $ 14,343 $ 25,261 $ 87,793 $ 112,241 $ 12,386 $ 7,890 $ 617 $ 298,656 Substandard 62 — — 415 — — — — 477 Total $ 38,187 $ 14,343 $ 25,261 $ 88,208 $ 112,241 $ 12,386 $ 7,890 $ 617 $ 299,133 Gross Charge-offs $ — $ — $ (12) $ — $ — $ — $ — $ — $ (12) Residential real estate Pass $ 370,852 $ 102,832 $ 250,832 $ 400,047 $ 238,040 $ 23,294 $ 107,384 $ 12,880 $ 1,506,161 Special Mention 403 552 498 — — — 182 — 1,635 Substandard 5,922 — — — — — 1,416 — 7,338 Total $ 377,177 $ 103,384 $ 251,330 $ 400,047 $ 238,040 $ 23,294 $ 108,982 $ 12,880 $ 1,515,134 Gross Charge-offs $ (1) $ — $ — $ — $ — $ — $ — $ — $ (1) Commercial real estate Pass $ 843,547 $ 306,361 $ 418,343 $ 428,863 $ 211,540 $ 23,024 $ 15,782 $ — $ 2,247,460 Special Mention 11,383 — 5,474 4,418 — — 166 — 21,441 Substandard 3,437 — 529 — — — — — 3,966 Total $ 858,367 $ 306,361 $ 424,346 $ 433,281 $ 211,540 $ 23,024 $ 15,948 $ — $ 2,272,867 Gross Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial Pass $ 33,571 $ 14,629 $ 55,492 $ 35,027 $ 29,904 $ 10,915 $ 46,160 $ 394 $ 226,092 Special Mention 135 — — 1,514 580 — 500 70 2,799 Substandard 402 — — — — — 301 — 703 Total $ 34,108 $ 14,629 $ 55,492 $ 36,541 $ 30,484 $ 10,915 $ 46,961 $ 464 $ 229,594 Gross Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Consumer Pass $ 1,355 $ 12,829 $ 71,502 $ 136,759 $ 82,331 $ 17,387 $ 677 $ — $ 322,840 Special Mention — — — — 1,317 — — — 1,317 Substandard 8 7 12 783 108 — 1 — 919 Total $ 1,363 $ 12,836 $ 71,514 $ 137,542 $ 83,756 $ 17,387 $ 678 $ — $ 325,076 Gross Charge-offs $ (226) $ — $ (46) $ (238) $ — $ (15) $ — $ (525) Total Pass $ 1,287,450 $ 450,994 $ 821,430 $ 1,088,489 $ 674,056 $ 87,006 $ 177,893 $ 13,891 $ 4,601,209 Special Mention 11,921 552 5,972 5,932 1,897 — 848 70 27,192 Substandard 9,831 7 541 1,198 108 — 1,718 — 13,403 Total loans by risk category $ 1,309,202 $ 451,553 $ 827,943 $ 1,095,619 $ 676,061 $ 87,006 $ 180,459 $ 13,961 $ 4,641,804 Total gross charge-offs $ (227) $ — $ (58) $ (238) $ — $ (15) $ — $ — $ (538) Term Loans by Origination Year Revolving Loans Revolving Converted to Term Loans Total (Dollars in thousands) Prior 2020 2021 2022 2023 2024 March 31, 2024 Credit Cards Performing $ — $ — $ — $ — $ — $ — $ 6,921 $ — $ 6,921 Total $ — $ — $ — $ — $ — $ — $ 6,921 $ — $ 6,921 Gross Charge-offs $ — $ — $ — $ — $ — $ — $ (116) $ — $ (116) Total loans evaluated by performing status $ — $ — $ — $ — $ — $ — $ 6,921 $ — $ 6,921 Total gross charge-offs $ — $ — $ — $ — $ — $ — $ (116) $ — $ (116) Total Recorded Investment $ 1,309,202 $ 451,553 $ 827,943 $ 1,095,619 $ 676,061 $ 87,006 $ 187,380 $ 13,961 $ 4,648,725 The following tables provides information on loan risk ratings as of December 31, 2023 and gross write-offs during twelve months ended December 31, 2023. Term Loans by Origination Year Revolving Revolving 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 $ 1,059,173 $ 277,491 $ 461,213 $ 837,657 $ 1,107,579 $ 670,765 $ 194,798 $ 25,751 $ 4,634,427 Total gross $ (1,035) $ — $ (830) $ (17) $ (8) $ (4) $ (126) $ (242) $ (2,262) Credit Cards Performing $ — $ — $ — $ — $ — $ — $ 6,583 $ — $ 6,583 Total $ — $ — $ — $ — $ — $ — $ 6,583 $ — $ 6,583 Gross Charge-offs $ — $ — $ — $ — $ — $ — $ (111) $ — $ (111) Total loans evaluated $ — $ — $ — $ — $ — $ — $ 6,583 $ — $ 6,583 Total gross charge-offs $ — $ — $ — $ — $ — $ — $ (111) $ — $ (111) Total Recorded $ 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 the loan portfolio as of March 31, 2024 and December 31, 2023. Accruing (Dollars in thousands) 30‑59 days past due 60‑89 days past due 30-89 days past due and not accruing 90 days past due and still accruing 90 days past Total Current Accrual Loans (1) Current Total March 31, 2024 Construction $ — $ — $ — $ — $ 210 $ 210 $ 298,657 $ 266 $ 299,133 Residential real estate 2,930 354 723 145 2,995 7,147 1,505,322 2,665 1,515,134 Commercial real estate 433 — — — 940 1,373 2,268,791 2,703 2,272,867 Commercial 2,137 — — — 51 2,188 226,101 1,305 229,594 Consumer 2,200 138 24 1,317 894 4,573 320,503 — 325,076 Credit Cards 58 89 — 98 — 245 6,676 — 6,921 Total $ 7,758 $ 581 $ 747 $ 1,560 $ 5,090 $ 15,736 $ 4,626,050 $ 6,939 $ 4,648,725 Percent of total loans 0.17 % 0.01 % 0.02 % 0.03 % 0.11 % 0.34 % 99.51 % 0.15 % 100.0 % (1) Includes loans measured at fair value of $9.7 million at March 31, 2024. Accruing (Dollars in thousands) 30‑59 days past due 60‑89 days past due 30-89 days past due and not accruing 90 days past due and still accruing 90 days past due and not accruing Total past due Current Accrual Loans (1) Current Non accrual Loans Total December 31, 2023 Construction $ 1,919 $ — $ — $ — $ 220 $ 2,139 $ 296,456 $ 405 $ 299,000 Residential real estate 2,420 271 1,469 108 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 1,391 24 — 879 5,518 323,376 2 328,896 Credit cards $ 35 $ 36 $ — $ 142 $ — $ 213 $ 6,370 $ — $ 6,583 Total $ 7,662 $ 1,698 $ 1,493 $ 738 $ 5,017 $ 16,608 $ 4,618,122 $ 6,280 $ 4,641,010 Percent of total loans 0.17 % 0.04 % 0.03 % 0.02 % 0.11 % 0.37 % 99.50 % 0.13 % 100.00 % (1) Includes loans measured at fair value of $9.9 million at December 31, 2023. The following tables provide a summary of the activity in the ACL allocated by loan class for the three months ended March 31, 2024 and March 31, 2023. Allocation of a portion of the allowance to one loan class does not preclude its availability to absorb losses in other loan classes. (Dollars in thousands) Beginning Balance Charge-offs Recoveries Net (charge-offs) recoveries Provisions Ending Balance For three months ended March 31, 2024 Construction $ 3,935 $ (12) $ 2 $ (10) $ (367) $ 3,558 Residential real estate 21,949 (1) 2 1 (1,182) 20,768 Commercial real estate 20,975 — — — 275 21,250 Commercial 2,671 — 1 1 207 2,879 Consumer (1) 7,601 (525) 76 (449) 1,530 8,682 Credit Card 220 (116) 8 (108) 87 199 Total $ 57,351 $ (654) $ 89 $ (565) $ 550 $ 57,336 (1) Gross charge-offs of consumer loans for the three months ended March 31, 2024 included $0.2 million of demand deposit overdrafts. (Dollars in thousands) Beginning Balance Impact of ASC326 Adoption Charge-offs Recoveries Net (charge-offs) recoveries Provisions Ending Balance For Three Months Ended March 31, 2023 Construction $ 2,973 $ 1,222 $ — $ 3 $ 3 $ (1,509) $ 2,689 Residential real estate 2,622 4,974 — 31 31 1,120 8,747 Commercial real estate 4,899 3,742 — — — 1,217 9,858 Commercial 1,652 401 (107) 53 (54) (139) 1,860 Consumer 4,497 452 — — — 361 5,310 Total $ 16,643 $ 10,791 $ (107) $ 87 $ (20) $ 1,050 $ 28,464 The following table presents the amortized cost basis of collateral-dependent loans by loan portfolio segment. March 31, 2024 (Dollars in thousands) Real Estate Collateral Other Collateral Total Construction $ 477 $ — $ 477 Residential real estate 19,272 — 19,272 Commercial real estate 5,197 — 5,197 Commercial — 733 733 Consumer — 918 918 Total $ 24,946 $ 1,651 $ 26,597 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 March 31, 2024. 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 three months ended March 31, 2024, and there were no modifications to loans for borrowers experiencing financial difficulty during the three months ended March 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 March 31, 2024 Construction $ — $ — $ — $ — $ — $ — — % Residential real estate — — — — — — — % Residential rentals — — — — — — — % Commercial real estate 117 — — — — 117 0.01 % Commercial 232 — — — — 232 0.10 % Consumer — — — — — — — % Credit Cards — — — — — — — % Total $ 349 $ — $ — $ — $ — $ 349 0.01 % The following table presents the financial effect of loan modifications made to borrowers experiencing financial difficulty during the three months ended March 31, 2024, and there were no modifications to loans for borrowers experiencing financial difficulty during the three months ended March 31, 2023. (dollars in thousands) Weighted-Average Months of Term Extension March 31, 2024 Commercial real estate 12 months Commercial 12 months During the three months ended March 31, 2024 and March 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 March 31, 2024, and there were no loan modifications made to borrowers experiencing financial difficulty at March 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 March 31, 2024 Construction $ — $ — $ — $ — $ — $ — $ — $ — Residential real estate — — — — — — — — Commercial real estate — — — — — — 117 117 Commercial — — — — — — 232 232 Consumer — — — — — — — — Credit Cards — — — — — — — — Total $ — $ — $ — $ — $ — $ — $ 349 $ 349 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 March 31, 2024 and $0.2 million as of December 31, 2023, respectively. There were no residential real estate properties included in the balance of other real estate owned (“OREO”) at March 31, 2024 and December 31, 2023.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	3 Months Ended
	Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangibles	Goodwill and Other Intangibles The following table provides information on the significant components of goodwill and other acquired intangible assets at March 31, 2024 and December 31, 2023. March 31, 2024 (Dollars in thousands) Gross Carrying Amount Additions Accumulated Impairment Charges Accumulated Amortization Net Carrying Amount Weighted Average Remaining Life (in years) Goodwill $ 65,476 $ — $ (1,543) $ (667) $ 63,266 0.0 years Other intangible assets Amortizable Core deposit intangible $ 59,151 $ — $ — $ (13,636) $ 45,515 3.7 years Total other intangible assets $ 59,151 $ — $ — $ (13,636) $ 45,515 December 31, 2023 (Dollars in thousands) Gross Carrying Amount Additions Accumulated Impairment Charges Accumulated Amortization Net Carrying Amount Weighted Average Remaining Life Goodwill $ 65,476 $ — $ (1,543) $ (667) $ 63,266 0.0 years Other intangible assets Amortizable Core deposit intangible $ 10,503 48,648 $ — $ (11,061) $ 48,090 3.7 years Total other intangible assets $ 10,503 $ 48,648 $ — $ (11,061) $ 48,090 The aggregate amortization expense was $2.6 million for the three months ended March 31, 2024 and $0.4 million for the three months ended March 31, 2023. At March 31, 2024, estimated future remaining amortization for amortizing core deposit intangibles within the years ending December 31, is as follows: (Dollars in thousands) Amortization Expense 2024 $ 7,204 2025 8,589 2026 7,398 2027 6,208 2028 5,060 Thereafter 11,056 Total amortizing intangible assets $ 45,515

Leases

Leases	3 Months Ended
	Mar. 31, 2024
Leases [Abstract]
Leases	Leases Lease liabilities represent the Company’s obligation to make lease payments and are presented at each reporting date as the net present value of the remaining contractual cash flows. Cash flows are discounted at the Company’s incremental borrowing rate in effect at the commencement date of the lease. Right-of-use assets represent the Company’s right to use the underlying asset for the lease term and are calculated as the sum of the lease liability and if applicable, prepaid rent, initial direct costs and any incentives received from the lessor. The Company’s long-term lease agreements are classified as operating leases. Certain leases offer the option to extend the lease term and the Company has included such extensions in its calculation of the lease liabilities to the extent the options are reasonably certain of being exercised. The lease agreements do not provide for residual value guarantees and have no restrictions or covenants that would impact dividends or require incurring additional financial obligations. The following tables present information about the Company’s leases. (Dollars in thousands) March 31, 2024 December 31, 2023 Lease liabilities $ 12,552 $ 12,857 Right-of-use assets $ 12,153 $ 12,487 Weighted average remaining lease term 10.72 years 10.88 years Weighted average discount rate 3.24 % 3.24 % Remaining lease term - min 0.14 years 0.39 years Remaining lease term - max 17.43 years 17.68 years Three Months Ended March 31, Lease cost (in thousands) 2024 2023 Operating lease cost $ 492 $ 340 Total lease cost $ 492 $ 340 Cash paid for amounts included in the measurement of lease liabilities $ 462 $ 322 A maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total of operating lease liabilities is as follows: Lease payments due (in thousands) As of March 31, 2024 Nine months ending December 31, 2024 $ 1,347 2025 1,642 2026 1,600 2027 1,472 2028 1,419 Thereafter 7,261 Total undiscounted cash flows $ 14,741 Discount 2,189 Lease liabilities $ 12,552 Total gross rental income was $0.3 million and $0.4 million for the three months ended March 31, 2024 and 2023, respectively. The following table presents our minimum future annual rental income on such leases as of March 31, 2024. (In thousands) As of March 31, 2024 Nine months ending December 31, 2024 $ 635 2025 854 2026 876 2027 562 2028 578 Thereafter 2,438 Total $ 5,943

Deposits

Deposits	3 Months Ended
	Mar. 31, 2024
Deposits [Abstract]
Deposits	Deposits Deposits consist of the following categories as of the dates indicated: (dollars in thousands) March 31, 2024 December 31, 2023 Balance % Balance % Noninterest-bearing demand $ 1,200,680 23.15 % $ 1,258,037 23.36 % Interest-bearing: Demand 1,101,954 21.26 % 1,165,546 21.64 % Money market deposits 1,358,205 26.20 % 1,430,603 26.56 % Savings 354,098 6.83 % 347,324 6.45 % Certificates of deposit 1,169,342 22.56 % 1,184,610 21.99 % Total interest-bearing 3,983,599 76.85 % 4,128,083 76.64 % Total Deposits $ 5,184,279 100.00 % $ 5,386,120 100.00 % At March 31, 2024, the scheduled contractual maturities of certificates of deposit are as follows: (dollars in thousands) March 31, 2024 Within one year $ 1,023,551 Year 2 111,651 Year 3 16,812 Year 4 11,048 Year 5 6,276 Thereafter 4 $ 1,169,342

Borrowings

Borrowings	3 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
Borrowings	Borrowings Long-term debt consisted of the following: (dollars in thousands) March 31, 2024 December 31, 2023 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 19,500 2020 2030 2025 4.75% through October 2025, 3-month SOFR + 4.58% thereafter Total subordinated debentures 44,500 44,500 Severn Capital Trust I 20,619 20,619 2004 2035 3-month SOFR + 2.00% Tri-County Capital Trust I 7,000 7,000 2004 2034 90-day SOFR + 2.60% Tri-County Capital Trust II 5,000 5,000 2005 2035 90-day SOFR + 1.70% Total trust preferred securities 32,619 32,619 Less net discount and unamortized issuance costs (4,560) (4,822) Total long-term debt $ 72,559 $ 72,297 At March 31, 2024, subordinated notes consisted of $25.0 million of long-term debt issued by the Company in August 2020, and $19.5 million of long-term debt assumed as a result of the merger with TCFC. The recorded balance of subordinated debt issued in 2021 and the assumed subordinated debt from TCFC, net of unamortized issuance costs and fair value discounts, respectively, were $24.8 million and $18.5 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 the third quarter of 2023 and the acquisition of Severn in the fourth quarter of 2022. 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 March 31, 2024 was $18.6 million, net of the unamortized fair value adjustment of $2.0 million. At March 31, 2024, the junior subordinated debt securities of Tri-County Capital Trust I and Tri-County Capital Trust II had a recorded balance of $6.4 million and $4.2 million, which are presented as net of the unamortized fair value adjustment of $0.6 million and $0.8 million, respectively.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation At the 2016 annual meeting, stockholders approved the Shore Bancshares, Inc. 2016 Stock and Incentive Plan (“2016 Equity Plan”), replacing the Shore Bancshares, Inc. 2006 Stock and Incentive Plan (“2006 Equity Plan”), which expired on that date. The Company may issue shares of common stock or grant other equity-based awards pursuant to the 2016 Equity Plan. Stock-based awards granted to date generally are time-based, vest in equal installments on each anniversary of the grant date and range over a one The Company assumed 3,977 shares of restricted stock and 90,783 of restricted stock units at a fair market value of $11.56 per share as a result of the merger with TCFC. The vesting period for the outstanding restricted stock grants is between three one The following table summarizes restricted stock award and restricted stock unit activity for the Company under the 2016 Equity Plan for the three months ended March 31, 2024. Restricted Stock Restricted Stock Units Performance Stock Units Number of Shares Weighted Average Grant Date Fair Value Number of Shares Weighted Average Grant Date Fair Value Number of Shares Weighted Average Grant Date Fair Value Nonvested at beginning of period 45,322 $ 15.42 165,055 $ 11.56 — $ — Granted 5,326 13.14 53,279 11.31 43,651 11.32 Vested (26,717) 17.30 (32,763) 11.56 — — Forfeited — — (982) 11.56 — — Nonvested at end of period 23,931 $ 12.81 184,589 $ 11.49 43,651 $ 11.32

Derivatives

Derivatives	3 Months Ended
	Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	Derivatives The Company maintains and accounts for derivatives, in the form of interest rate lock commitments (“IRLCs”) and mandatory forward contracts, in accordance with the FASB guidance on accounting for derivative instruments and hedging activities. We recognize gains and losses through mortgage-banking revenue in the Consolidated Statements of Income. IRLCs on mortgage loans that we intend to sell in the secondary market are considered derivatives. We are exposed to price risk from the time a mortgage loan is locked in until the time the loan is sold. The period of time between issuance of a loan commitment and closing and sale of the loan generally ranges from 14 days to 120 days, however, this period may be longer for construction to permanent loans that are originated with the intent of selling in the secondary market upon permanent financing. For these IRLCs and our closed inventory in loans held for sale, 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 March 31, 2024 and December 31, 2023. March 31, 2024 December 31, 2023 (Dollars in thousands) Notional Amount Estimated Fair Value Notional Amount Estimated Fair Value Asset - IRLCs $ 15,188 $ 233 $ 6,785 $ 110 Asset - TBA securities 4,750 10 1,000 2 Liability - IRLCs 198 1 — — Liability - TBA securities 19,750 108 18,000 176

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Mar. 31, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) The Company records unrealized holding gains (losses), net of tax, on investment securities AFS as accumulated other comprehensive income (loss), a separate component of stockholders’ equity. The following table provides information on the changes in the component of accumulated other comprehensive income (loss) for the three months ended March 31, 2024 and 2023. Three Months Ended March 31, 2024 Three Months Ended March 31, 2023 (Dollars in thousands) Net Unrealized (Losses) Net Unrealized Gains And (Losses) Beginning of period $ (7,494) $ (9,021) Other comprehensive (loss) income, net of tax (564) 860 End of period $ (8,058) $ (8,161)

Regulatory Capital

Regulatory Capital	3 Months Ended
	Mar. 31, 2024
Regulatory Capital Requirements under Banking Regulations [Abstract]
Regulatory Capital	Regulatory Capital Banks and bank holding companies are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory - and possibly additional discretionary - actions by regulators that, if undertaken, could have a direct material effect on the financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the Banks’ assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The Banks’ capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Quantitative measures established by regulation to ensure capital adequacy require the Company and Bank to maintain amounts and ratios (set forth in the table below) of Common Equity Tier 1, Tier 1 and total capital (as defined in the regulations) to risk-weighted assets (as defined), and of Tier 1 capital (as defined) to average assets (leverage ratio). As of March 31, 2024 and December 31, 2023, 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 the Bank, as well capitalized under the regulatory framework for prompt corrective action. At March 31, 2024, there were no conditions or events since that notification that management believes would change the Bank’s classification. To be categorized as well capitalized, the Bank must maintain minimum common equity Tier 1, Tier 1 risk-based and total risk-based capital ratios, and Tier 1 leverage ratios, which are described below. The minimum ratios for capital adequacy purposes are 7.00%, 8.50%, 10.50% and 4.00% for the common equity Tier 1, Tier 1 risk-based capital, total risk-based capital and leverage ratios, respectively which include a capital conservation buffer of 2.50% respectively. To be categorized as well capitalized, a bank must maintain minimum ratios of 6.50%, 8.00%, 10.00% and 5.00% for its common equity Tier 1, Tier 1 risk-based capital, total risk-based capital and leverage ratios, respectively. Regulatory Capital and Ratios Regulatory Minimum Ratio + CCB ( 1) The Company The Bank (dollars in thousands) March 31, 2024 December 31, 2023 March 31, 2024 December 31, 2023 Common equity $ 515,228 $ 511,135 $ 579,520 $ 570,100 Goodwill (4) (61,523) (63,266) (61,523) (63,266) Core deposit intangible (3) (34,235) (38,069) (34,235) (38,069) DTAs that arise from net operating loss and tax credit carry forwards (5,858) (8,977) (4,326) (6,059) AOCI losses 8,058 7,494 8,058 7,494 Common Equity Tier 1 Capital 421,670 408,317 487,494 470,200 TRUPs 29,237 29,158 — — Tier 1 Capital 450,907 437,475 487,494 470,200 Allowable reserve for credit losses and other Tier 2 adjustments 58,428 58,586 58,428 58,586 Subordinated notes 43,322 43,139 — — Tier 2 Capital $ 552,657 $ 539,200 $ 545,922 $ 528,786 Risk-Weighted Assets ("RWA") $ 4,729,930 $ 4,697,504 $ 4,723,872 $ 4,693,009 Average Assets ("AA") $ 5,684,150 $ 5,649,116 $ 5,679,282 $ 5,644,930 Common Tier 1 Capital to RWA 7.00% 8.91 % 8.69 % 10.32 % 10.02 % Tier 1 Capital to RWA 8.50% 9.53 % 9.31 % 10.32 % 10.02 % Tier 2 Capital to RWA 10.50% 11.68 % 11.48 % 11.56 % 11.27 % Tier 1 Capital to AA (Leverage) (2) n/a 7.93 % 7.74 % 8.58 % 8.33 % ____________________________________ (1) The regulatory minimum capital ratio ("Min. Ratio") + the capital conservation buffer ("CCB"). (2) Tier 1 Capital to AA (Leverage) has no capital conservation buffer defined. The PCA well capitalized is defined as 5.00%. (3) Core deposit intangible is net of deferred tax liability. (4) Goodwill is net of deferred tax liability as of March 31, 2024. Bank and holding company regulations impose certain restrictions on dividend payments by the Bank, as well as restricting extensions of credit and transfers of assets between the Bank and the Company. At March 31, 2024, the Bank could pay dividends to the Company to the extent of its earnings so long as it maintained required capital ratios.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Accounting guidance under GAAP defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. This accounting guidance also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities on a recurring basis and to determine fair value disclosures. Additionally, from time to time, the Company may be required to record at fair value other assets on a nonrecurring basis. These nonrecurring fair value adjustments typically involve application of lower of cost or market accounting or write-downs of individual assets. Under fair value accounting guidance, assets and liabilities are grouped at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine their fair values. These hierarchy levels are: Level 1 inputs – Unadjusted quoted prices in active markets for identical assets or liabilities that the entity has the ability to access at the measurement date. Level 2 inputs – Inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These might include quoted prices for similar assets or liabilities in active markets, and inputs other than quoted prices that are observable for the asset or liability, such as interest rates and yield curves that are observable at commonly quoted intervals. Level 3 inputs – Unobservable inputs for determining the fair values of assets or liabilities that reflect an entity’s own assumptions about the assumptions that market participants would use in pricing the assets or liabilities. Below is a discussion on the Company’s assets measured at fair value on a recurring basis. Investment Securities Available for Sale Fair value measurement for investment securities AFS is based on quoted prices from an independent pricing service. The fair value measurements consider observable data that may include present value of future cash flows, prepayment assumptions, credit loss assumptions and other factors. The Company classifies its investments in U.S. Treasury securities, if any, as Level 1 in the fair value hierarchy, and it classifies its investments in U.S. Government agencies securities and mortgage-backed securities issued or guaranteed by U.S. Government sponsored entities as Level 2. Equity Securities Fair value measurement for equity securities is based on quoted market prices retrieved by the Company via on-line resources. Although these securities have readily available fair market values, the Company determined that they should be classified as level 2 investments in the fair value hierarchy due to not being considered traded in a highly active market. 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 mortgage servicing rights (“MSRs”) is determined using a valuation model administered by a third party that calculates the present value of estimated future net servicing income (Level 3). The model incorporates assumptions that market participants use in estimating future net servicing income, including estimates of prepayment speeds, discount rate, default rates, cost to service (including delinquency and foreclosure costs), escrow account earnings, contractual servicing fee income, and other ancillary income such as late fees. Management reviews all significant assumptions on a quarterly basis. Mortgage loan prepayment speed, a key assumption in the model, is the annual rate at which borrowers are forecasted to repay their mortgage loan principal. The discount rate used to determine the present value of estimated future net servicing income, another key assumption in the model, is an estimate of the required rate of return investors in the market would require for an asset with similar risk. Both assumptions can, and generally will, change as market conditions and interest rates change. The significant unobservable inputs used in the fair value measurement of the reporting entity’s residential MSRs are prepayment speeds, probability of default, rate of return, and cost of servicing. Significant increases/decreases in any of those inputs in isolation would have resulted in a significantly lower/higher fair value measurement. Generally, a change in the assumption used for prepayment speeds would have been accompanied by a directionally similar change in the markets, i.e. the 10-Year Treasury, and in the probability of default. IRLCs We utilize a third-party specialist model to estimate the fair value of our IRLCs, which are valued based upon mortgage securities (TBA) prices less estimated costs to process and settle the loan. Fair value is adjusted for the estimated probability of the loan closing with the borrower (Level 3). (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range March 31, 2024 MSRs (1) $ 5,821 Market Approach Weighted average prepayment speed (PSA) (2) 147 IRLCs - net asset $ 232 Market Approach Range of pull through rate 79% - 100% Average pull through rate 96% (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% ____________________________________ (1) The weighted average was calculated with reference to the principal balance of the underlying mortgages. (2) PSA = Public Securities Association Standard Prepayment Model The following table presents activity in MSRs for the three months ended March 31, 2024. (Dollars in thousands) Three Months Ended March 31, 2024 Beginning balance $ 5,926 Servicing rights resulting from sales of loans 118 Valuation adjustment (223) Ending balance $ 5,821 The following table presents activity in the IRLCs - net asset for the three months ended March 31, 2024. (Dollars in thousands) Three Months Ended March 31, 2024 Beginning balance $ 110 Valuation adjustment 122 Ending balance $ 232 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, when outstanding, using a valuation methodology similar to that used for mandatory commitments. Market assumptions utilized in the fair value measurement of the reporting entity’s residential mortgage derivatives, inclusive of IRLCs, Closed Loan Inventory, TBA derivative trades, and Mandatory Forwards may be subject to investor overlays that may result in a significantly lower fair value measurement. Generally such overlays are announced with advanced notice in order to include the risk adjuster, however there are times when announcements are mandated resulting in a lower fair value measurement. Additionally market assumptions such as spec pool payups may result in a significantly higher fair value measurement at time of loan allocation to specific trades. The following tables present the recorded amount of assets measured at fair value on a recurring basis at March 31, 2024 and December 31, 2023. No assets were transferred from one hierarchy level to another during the first three months of 2024 or 2023. (Dollars in thousands) Fair Value Quoted Prices Significant Other Observable Inputs Significant Unobservable Inputs March 31, 2024 Assets: Securities available for sale: U.S. Government agencies $ 69,541 $ — $ 69,541 $ — Mortgage-backed 103,626 — 103,626 — Other debt securities 6,329 — 6,329 — 179,496 — 179,496 — Equity securities 5,681 — 5,681 — TBA forward trades 10 — 10 — Loans Held for Sale 13,767 — 13,767 — Loans Held for Investment, at fair value 9,684 — 9,684 — MSRs 5,821 — — 5,821 IRLCs 233 — — 233 Total assets at fair value $ 214,692 $ — $ 208,638 $ 6,054 Liabilities: IRLCs $ 1 $ — $ — $ 1 TBA securities 108 — 108 — Total liabilities at fair value $ 109 $ — $ 108 $ 1 (Dollars in thousands) Fair Value Quoted Prices Significant Other Observable Inputs Significant Unobservable Inputs 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 securities $ 176 $ — $ 176 $ — Total liabilities at fair value $ 176 $ — $ 176 $ — Below is a discussion on the Company’s assets measured at fair value on a nonrecurring basis. Individually Evaluated Collateral-Dependent Loans Loans for which repayment is substantially expected to be provided through the operation or sale of collateral are considered collateral dependent, and are valued based on the estimated fair value of the collateral, less estimated costs to sell at the reporting date, where applicable. Accordingly, collateral dependent loans are classified within Level 3 of the fair value hierarchy. Other Real Estate Owned (Foreclosed Assets) Foreclosed assets are adjusted for fair value upon transfer of loans to foreclosed assets establishing a new cost basis. Subsequently, foreclosed assets are carried at the lower of carrying value or fair value. The estimated fair value for foreclosed assets included in Level 3 are determined by independent market based appraisals and other available market information, less costs to sell, that may be reduced further based on market expectations or an executed sales agreement. If the fair value of the collateral deteriorates subsequent to the initial recognition, the Company records the foreclosed asset as a non-recurring Level 3 adjustment. Valuation techniques are consistent with those techniques applied in prior periods. Repossessed Properties The Company records repossessed assets at fair value on a nonrecurring basis. All repossessed properties are recorded at lower of the estimated fair value of the properties, less expected selling costs, or the carrying amount of the defaulted loans. From time to time, nonrecurring fair value adjustments are recorded to reflect partial write-downs based on current appraised value of property. The Company considers any valuation inputs related to repossessed properties to be Level 3 inputs. The following tables set forth the Company’s financial and nonfinancial assets subject to fair value adjustments (impairment) on a nonrecurring basis at March 31, 2024 and December 31, 2023. Assets are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Quantitative Information about Level 3 Fair Value Measurements (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range Weighted Average (1) March 31, 2024 Nonrecurring measurements: Individually evaluated collateral dependent loans $ 17 Appraisal of collateral (1) Appraisal adjustment (2) Liquidation expense (2) 99% 10% 99% 10% Other real estate owned $ 179 Appraisal of collateral (1) Appraisal adjustment (2) (0%) - (20%) 0% Repossessed properties $ 1,845 Appraisal of collateral (1) Appraisal adjustment (2) 12% - 13% 13% 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% _________________________________ (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 carrying amounts and estimated fair values of the Company’s financial instruments are presented in the following table. Fair values for March 31, 2024 and December 31, 2023 were estimated using an exit price notion. March 31, 2024 Carrying Amount Fair Value Fair Value Measurements Description of Asset (dollars in thousands) Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 114,560 $ 114,560 $ 114,560 $ — $ — Investment securities - AFS 179,496 179,496 — 179,496 — Investment securities - HTM, net 503,822 444,258 — 444,258 — Equity securities 5,681 5,681 — 5,681 — Restricted securities 17,863 17,863 — 17,863 — Loans held for sale 13,767 13,767 — 13,767 — TBA derivatives trades 10 10 — 10 — Cash surrender value on life insurance 102,321 102,321 — 102,321 — Loans, at fair value 9,684 9,684 — 9,684 — Loans, net 4,581,705 4,397,048 — — 4,397,048 MSRs 5,821 5,821 — — 5,821 IRLCs 233 233 — — 233 Liabilities Deposits: Noninterest-bearing demand $ 1,200,680 $ 1,200,680 $ — $ 1,200,680 $ — Checking plus interest 1,101,954 1,101,954 — 1,101,954 — Money Market 1,358,205 1,358,205 — 1,358,205 — Savings 353,213 353,213 — 353,213 — Club 885 885 — 885 — Certificates of Deposit 1,169,342 1,168,144 — 1,168,144 — Subordinated debt, net 43,322 42,498 — 42,498 — TRUPS, net 29,237 28,049 — 28,049 — TBA Securities 108 108 — 108 — IRLCs 1 1 — — 1 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 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 securities 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, net 43,139 42,579 — 42,579 — TRUPS, net 29,158 28,266 — 28,266 — TBA Securities 176 176 — 176 —

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value Measurements Accounting guidance under GAAP defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. This accounting guidance also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities on a recurring basis and to determine fair value disclosures. Additionally, from time to time, the Company may be required to record at fair value other assets on a nonrecurring basis. These nonrecurring fair value adjustments typically involve application of lower of cost or market accounting or write-downs of individual assets. Under fair value accounting guidance, assets and liabilities are grouped at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine their fair values. These hierarchy levels are: Level 1 inputs – Unadjusted quoted prices in active markets for identical assets or liabilities that the entity has the ability to access at the measurement date. Level 2 inputs – Inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These might include quoted prices for similar assets or liabilities in active markets, and inputs other than quoted prices that are observable for the asset or liability, such as interest rates and yield curves that are observable at commonly quoted intervals. Level 3 inputs – Unobservable inputs for determining the fair values of assets or liabilities that reflect an entity’s own assumptions about the assumptions that market participants would use in pricing the assets or liabilities. Below is a discussion on the Company’s assets measured at fair value on a recurring basis. Investment Securities Available for Sale Fair value measurement for investment securities AFS is based on quoted prices from an independent pricing service. The fair value measurements consider observable data that may include present value of future cash flows, prepayment assumptions, credit loss assumptions and other factors. The Company classifies its investments in U.S. Treasury securities, if any, as Level 1 in the fair value hierarchy, and it classifies its investments in U.S. Government agencies securities and mortgage-backed securities issued or guaranteed by U.S. Government sponsored entities as Level 2. Equity Securities Fair value measurement for equity securities is based on quoted market prices retrieved by the Company via on-line resources. Although these securities have readily available fair market values, the Company determined that they should be classified as level 2 investments in the fair value hierarchy due to not being considered traded in a highly active market. 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 mortgage servicing rights (“MSRs”) is determined using a valuation model administered by a third party that calculates the present value of estimated future net servicing income (Level 3). The model incorporates assumptions that market participants use in estimating future net servicing income, including estimates of prepayment speeds, discount rate, default rates, cost to service (including delinquency and foreclosure costs), escrow account earnings, contractual servicing fee income, and other ancillary income such as late fees. Management reviews all significant assumptions on a quarterly basis. Mortgage loan prepayment speed, a key assumption in the model, is the annual rate at which borrowers are forecasted to repay their mortgage loan principal. The discount rate used to determine the present value of estimated future net servicing income, another key assumption in the model, is an estimate of the required rate of return investors in the market would require for an asset with similar risk. Both assumptions can, and generally will, change as market conditions and interest rates change. The significant unobservable inputs used in the fair value measurement of the reporting entity’s residential MSRs are prepayment speeds, probability of default, rate of return, and cost of servicing. Significant increases/decreases in any of those inputs in isolation would have resulted in a significantly lower/higher fair value measurement. Generally, a change in the assumption used for prepayment speeds would have been accompanied by a directionally similar change in the markets, i.e. the 10-Year Treasury, and in the probability of default. IRLCs We utilize a third-party specialist model to estimate the fair value of our IRLCs, which are valued based upon mortgage securities (TBA) prices less estimated costs to process and settle the loan. Fair value is adjusted for the estimated probability of the loan closing with the borrower (Level 3). (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range March 31, 2024 MSRs (1) $ 5,821 Market Approach Weighted average prepayment speed (PSA) (2) 147 IRLCs - net asset $ 232 Market Approach Range of pull through rate 79% - 100% Average pull through rate 96% (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% ____________________________________ (1) The weighted average was calculated with reference to the principal balance of the underlying mortgages. (2) PSA = Public Securities Association Standard Prepayment Model The following table presents activity in MSRs for the three months ended March 31, 2024. (Dollars in thousands) Three Months Ended March 31, 2024 Beginning balance $ 5,926 Servicing rights resulting from sales of loans 118 Valuation adjustment (223) Ending balance $ 5,821 The following table presents activity in the IRLCs - net asset for the three months ended March 31, 2024. (Dollars in thousands) Three Months Ended March 31, 2024 Beginning balance $ 110 Valuation adjustment 122 Ending balance $ 232 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, when outstanding, using a valuation methodology similar to that used for mandatory commitments. Market assumptions utilized in the fair value measurement of the reporting entity’s residential mortgage derivatives, inclusive of IRLCs, Closed Loan Inventory, TBA derivative trades, and Mandatory Forwards may be subject to investor overlays that may result in a significantly lower fair value measurement. Generally such overlays are announced with advanced notice in order to include the risk adjuster, however there are times when announcements are mandated resulting in a lower fair value measurement. Additionally market assumptions such as spec pool payups may result in a significantly higher fair value measurement at time of loan allocation to specific trades. The following tables present the recorded amount of assets measured at fair value on a recurring basis at March 31, 2024 and December 31, 2023. No assets were transferred from one hierarchy level to another during the first three months of 2024 or 2023. (Dollars in thousands) Fair Value Quoted Prices Significant Other Observable Inputs Significant Unobservable Inputs March 31, 2024 Assets: Securities available for sale: U.S. Government agencies $ 69,541 $ — $ 69,541 $ — Mortgage-backed 103,626 — 103,626 — Other debt securities 6,329 — 6,329 — 179,496 — 179,496 — Equity securities 5,681 — 5,681 — TBA forward trades 10 — 10 — Loans Held for Sale 13,767 — 13,767 — Loans Held for Investment, at fair value 9,684 — 9,684 — MSRs 5,821 — — 5,821 IRLCs 233 — — 233 Total assets at fair value $ 214,692 $ — $ 208,638 $ 6,054 Liabilities: IRLCs $ 1 $ — $ — $ 1 TBA securities 108 — 108 — Total liabilities at fair value $ 109 $ — $ 108 $ 1 (Dollars in thousands) Fair Value Quoted Prices Significant Other Observable Inputs Significant Unobservable Inputs 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 securities $ 176 $ — $ 176 $ — Total liabilities at fair value $ 176 $ — $ 176 $ — Below is a discussion on the Company’s assets measured at fair value on a nonrecurring basis. Individually Evaluated Collateral-Dependent Loans Loans for which repayment is substantially expected to be provided through the operation or sale of collateral are considered collateral dependent, and are valued based on the estimated fair value of the collateral, less estimated costs to sell at the reporting date, where applicable. Accordingly, collateral dependent loans are classified within Level 3 of the fair value hierarchy. Other Real Estate Owned (Foreclosed Assets) Foreclosed assets are adjusted for fair value upon transfer of loans to foreclosed assets establishing a new cost basis. Subsequently, foreclosed assets are carried at the lower of carrying value or fair value. The estimated fair value for foreclosed assets included in Level 3 are determined by independent market based appraisals and other available market information, less costs to sell, that may be reduced further based on market expectations or an executed sales agreement. If the fair value of the collateral deteriorates subsequent to the initial recognition, the Company records the foreclosed asset as a non-recurring Level 3 adjustment. Valuation techniques are consistent with those techniques applied in prior periods. Repossessed Properties The Company records repossessed assets at fair value on a nonrecurring basis. All repossessed properties are recorded at lower of the estimated fair value of the properties, less expected selling costs, or the carrying amount of the defaulted loans. From time to time, nonrecurring fair value adjustments are recorded to reflect partial write-downs based on current appraised value of property. The Company considers any valuation inputs related to repossessed properties to be Level 3 inputs. The following tables set forth the Company’s financial and nonfinancial assets subject to fair value adjustments (impairment) on a nonrecurring basis at March 31, 2024 and December 31, 2023. Assets are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Quantitative Information about Level 3 Fair Value Measurements (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range Weighted Average (1) March 31, 2024 Nonrecurring measurements: Individually evaluated collateral dependent loans $ 17 Appraisal of collateral (1) Appraisal adjustment (2) Liquidation expense (2) 99% 10% 99% 10% Other real estate owned $ 179 Appraisal of collateral (1) Appraisal adjustment (2) (0%) - (20%) 0% Repossessed properties $ 1,845 Appraisal of collateral (1) Appraisal adjustment (2) 12% - 13% 13% 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% _________________________________ (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 carrying amounts and estimated fair values of the Company’s financial instruments are presented in the following table. Fair values for March 31, 2024 and December 31, 2023 were estimated using an exit price notion. March 31, 2024 Carrying Amount Fair Value Fair Value Measurements Description of Asset (dollars in thousands) Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 114,560 $ 114,560 $ 114,560 $ — $ — Investment securities - AFS 179,496 179,496 — 179,496 — Investment securities - HTM, net 503,822 444,258 — 444,258 — Equity securities 5,681 5,681 — 5,681 — Restricted securities 17,863 17,863 — 17,863 — Loans held for sale 13,767 13,767 — 13,767 — TBA derivatives trades 10 10 — 10 — Cash surrender value on life insurance 102,321 102,321 — 102,321 — Loans, at fair value 9,684 9,684 — 9,684 — Loans, net 4,581,705 4,397,048 — — 4,397,048 MSRs 5,821 5,821 — — 5,821 IRLCs 233 233 — — 233 Liabilities Deposits: Noninterest-bearing demand $ 1,200,680 $ 1,200,680 $ — $ 1,200,680 $ — Checking plus interest 1,101,954 1,101,954 — 1,101,954 — Money Market 1,358,205 1,358,205 — 1,358,205 — Savings 353,213 353,213 — 353,213 — Club 885 885 — 885 — Certificates of Deposit 1,169,342 1,168,144 — 1,168,144 — Subordinated debt, net 43,322 42,498 — 42,498 — TRUPS, net 29,237 28,049 — 28,049 — TBA Securities 108 108 — 108 — IRLCs 1 1 — — 1 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 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 securities 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, net 43,139 42,579 — 42,579 — TRUPS, net 29,158 28,266 — 28,266 — TBA Securities 176 176 — 176 —

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies In the normal course of business, to meet the financial needs of its customers, the Bank is a party to financial instruments with off-balance sheet risk. These financial instruments include commitments to extend credit and standby letters of credit. Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Letters of credit are conditional commitments issued by the Bank to guarantee the performance of a customer to a third party. Letters of credit and other commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Because many of the letters of credit and commitments are expected to expire without being drawn upon, the total commitment amount does not necessarily represent future cash requirements. The following table provides information on commitments outstanding at March 31, 2024 and December 31, 2023. (Dollars in thousands) March 31, 2024 December 31, 2023 Commitments to extend credit $ 694,646 $ 613,266 Letters of credit 27,373 28,519 Total $ 722,019 $ 641,785 The Company provides banking services to customers who do business in the cannabis industry. Prior to the second quarter of 2022, the Company restricted these businesses to include only those in the medical-use cannabis industry in the state of Maryland. During the second quarter of 2022, the Company expanded its cannabis banking program to include both medical and adult-use licensees in other states, with an initial offering to the Company’s existing Maryland customers with multi-state operations. While the Company is providing banking services to customers that are engaged in the growing, processing, and sales of cannabis in a manner that complies with applicable state law, such customers engaged in those activities currently violate Federal laws. The Company may be deemed to be aiding and abetting illegal activities through the services that it provides to these customers. While we are not aware of any instance of a federally-insured financial institution being subject to such aiding and abetting liability, the strict enforcement of Federal laws regarding cannabis would likely result in the Company’s inability to continue to provide banking services to these customers and the Company could have legal action taken against it by the Federal government, including imprisonment and fines. There is an uncertainty of the potential impact to the Company’s Consolidated Financial Statements if the Federal government takes actions against the Company. As of March 31, 2024, the Company had not accrued an amount for the potential impact of any such actions. Following is a summary of the level of business activities with our cannabis industry customers: • Deposit and loan balances at March 31, 2024 were approximately $227.6 million, or 4.4% of total deposits, and $73.7 million, or 1.6% of total gross loans, respectively. • Interest and noninterest income for the three months ended March 31, 2024, were approximately $1.0 million and $0.3 million, respectively.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2024
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic earnings per common share is calculated by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted earnings per common share is calculated by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period, adjusted for the dilutive effect of potential common stock equivalents (stock-based awards). The following table provides information relating to the calculation of earnings per common share. Three Months Ended March 31, (In thousands, except per share data) 2024 2023 Net Income $ 8,184 $ 6,457 Average number of common shares outstanding 33,189 19,886 Dilutive effect of common stock equivalents 2 — Average number of shares used to calculate diluted EPS 33,191 19,886 Anti-dilutive shares 1 — Earnings per common share Basic $ 0.25 $ 0.32 Diluted $ 0.25 $ 0.32

Revenue Recognition

Revenue Recognition	3 Months Ended
	Mar. 31, 2024
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition Topic 606 does not apply to revenue associated with financial instruments, including revenue from loans and securities. Topic 606 is applicable to noninterest revenue streams such as trust and asset management income, deposit related fees, interchange fees and merchant income. Noninterest revenue streams in-scope of Topic 606 are discussed below. Service Charges on Deposit Accounts Service charges on deposit accounts consist of account analysis fees (i.e., net fees earned on analyzed business and public checking accounts), monthly service fees, check orders, and other deposit account related fees. The Company’s performance obligation for account analysis fees and monthly service fees is generally satisfied, and the related revenue recognized, over the period in which the service is provided. Check orders and other deposit account related fees are largely transactional based, and therefore, the Company’s performance obligation is satisfied, and related revenue recognized, at a point in time. Payment for service charges on deposit accounts is primarily received immediately or at the end of the month through a direct charge to customers’ accounts. Trust and Investment Fee Income Trust and investment fee income primarily comprise fees earned from the management and administration of trusts and other customer assets. The Company’s performance obligation is generally satisfied over time and the resulting fees are recognized monthly, based upon the month-end market value of the assets under management and the applicable fee rate. Payment is generally received a few days after month end through a direct charge to customers’ accounts. The Company does not earn performance-based incentives. Optional services such as real estate sales and tax return preparation services are also available to existing trust and asset management customers. The Company’s performance obligation for these transactional-based services is generally satisfied, and related revenue recognized, at a point in time (i.e., as incurred). Payment is received shortly after services are rendered. Title Company Revenue Title Company revenue consists of revenue earned on performing title work for real estate transactions. The revenue is earned when the title work is performed. Payment for such performance obligations generally occurs at the time of the settlement of a real estate transaction. As such settlement is generally within 90 days of the performance of the title work, we recognize the revenue at the time of the settlement. All contract issuance costs are expensed as incurred. We had no contract assets or liabilities at March 31, 2024. Other Noninterest Income Other noninterest income consists of: fees, exchange, other service charges, safety deposit box rental fees, and other miscellaneous revenue streams. Fees and other service charges are primarily comprised of debit and credit card income, ATM fees, merchant services income, and other service charges. Debit and credit card income is primarily comprised of interchange fees earned whenever the Company’s debit and credit cards are processed through card payment networks such as Mastercard and VISA. ATM fees are primarily generated when a Company cardholder uses a non-Company ATM or a non-Company cardholder uses a Company ATM. Merchant services income mainly represents fees charged to merchants to process their debit and credit card transactions, in addition to account management fees. Other service charges include revenue from processing wire transfers, bill pay service, cashier’s checks, and other services. The Company’s performance obligation for fees, exchange, and other service charges are largely satisfied, and related revenue recognized, when the services are rendered or upon completion. Payment is typically received immediately or in the following month. Safe deposit box rental fees are charged to the customer on an annual basis and recognized upon receipt of payment. The Company determined that rentals and renewals of safe deposit boxes will be recognized on a monthly basis consistent with the duration of the performance obligation. The following presents noninterest income, segregated by revenue streams in-scope and out-of-scope of Topic 606, for the three months ended March 31, 2024 and 2023. Three Months Ended March 31, (Dollars in thousands) 2024 2023 Noninterest Income In-scope of Topic 606: Service charges on deposit accounts $ 1,507 $ 1,213 Trust and investment fee income 734 432 Interchange income 1,587 1,212 Title Company revenue 78 137 Other noninterest income 803 794 Noninterest Income (in-scope of Topic 606) 4,709 3,788 Noninterest Income (out-of-scope of Topic 606) 1,858 1,546 Total Noninterest Income $ 6,567 $ 5,334

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2024
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On April 12, 2024 the Board of Directors determined that it is in the best interest of the Company to close two branches. Management is directed to close the Onley branch located in Onley, VA on or about July 17, 2024 and to close the Westgate branch located in Annapolis, MD on or about September 30, 2024.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net Income (Loss) Attributable to Parent	$ 8,184	$ 6,457

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Mar. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
Basis of Presentation	The consolidated financial statements include the accounts of Shore Bancshares, Inc. and its subsidiaries with all significant intercompany transactions eliminated. The consolidated financial statements conform to accounting principles generally accepted in the United States of America (“GAAP”) and to prevailing practices within the banking industry. The accompanying interim financial statements are unaudited; however, in the opinion of management all adjustments necessary to present fairly the consolidated financial position at March 31, 2024, the consolidated results of income and comprehensive income for the three months ended March 31, 2024 and 2023, changes in stockholders’ equity for the three months ended March 31, 2024 and 2023 and cash flows for the three months ended March 31, 2024 and 2023, have been included. All such adjustments were of a normal recurring nature. The amounts as of December 31, 2023 were derived from the 2023 audited financial statements. The results of operations for the three months ended March 31, 2024 are not necessarily indicative of the results to be expected for any other interim period or for the full year. This Quarterly Report on Form 10-Q should be read in conjunction with the Annual Report of Shore Bancshares, Inc. on Form 10-K for the year ended December 31, 2023 ( the “2023 Annual Report”).. For purposes of comparability, certain immaterial reclassifications have been made to amounts previously reported to conform with the current period presentation. When used in these notes, the term “the Company” refers to Shore Bancshares, Inc. and, unless the context requires otherwise, its consolidated subsidiaries, Shore United Bank, N.A. (the “Bank”) and Mid-Maryland Title Company, Inc. (the “Title Company”).
Recent Accounting Pronouncements	Recent Accounting Pronouncements ASU Update 2023-09 – 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 2023-09 to have a material impact on its consolidated financial statements. ASU Update 2023-07 – 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 adoptions permitted. The amendments should be applied retrospectively. The Company does not expect the adoption of ASU 2023-07 to have a material impact on its consolidated financial statements. ASU Update 2023-06 – In October 2023, the Financial Accounting Standards Board (FASB) issued ASU 2023-06, “Disclosure Improvements: Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative.” This ASU incorporates certain U.S. Securities and Exchange Commission (SEC) disclosure requirements into the FASB Accounting Standards Codification. The amendments in the ASU are expected to clarify or improve disclosure and presentation requirements of a variety of Codification Topics, allow users to more easily compare entities subject to the SEC’s existing disclosures with those entities that were not previously subject to the requirements, and align the requirements in the Codification with the SEC’s regulations. For entities subject to the SEC’s existing disclosure requirements and for entities required to file or furnish financial statements with or to the SEC in preparation for the sale of or for purposes of issuing securities that are not subject to contractual restrictions on transfer, the effective date for each amendment will be the date on which the SEC removes that related disclosure from its rules. For all other entities, the amendments will be effective two years later. However, if by June 30, 2027, the SEC has not removed the related disclosure from its regulations, the amendments will be removed from the Codification and not become effective for any entity. The Company does not expect the adoption of ASU 2023-06 to have a material impact on its consolidated financial statements. ASU Update 2023-05 – In August 2023, the Financial Accounting Standards Board (FASB) issued ASU 2023-05, “Business Combinations – Joint Venture Formations (Subtopic 805-60): Recognition and Initial Measurement.” This ASU applies to the formation of entities that meet the definition of a joint venture (or a corporate joint venture) as defined in the FASB Accounting Standards Codification Master Glossary. While joint ventures are defined in the Master Glossary, there has been no specific guidance in the Codification that applies to the formation accounting by a joint venture in its separate financial statements. The amendments in the ASU require that a joint venture apply a new basis of accounting upon formation. As a result, a newly formed joint venture, upon formation, would initially measure its assets and liabilities at fair value (with exceptions to fair value measurement that are consistent with the business combinations guidance). This ASU is effective on a prospective basis for all joint ventures with a formation date on or after January 1, 2025. Early adoption of ASU No. 2023-05 is permitted in any interim or annual period in which financial statements have not yet been issued (or made available for issuance). A joint venture that elects to early adopt may apply ASU No. 2023-05 either prospectively or retrospectively. The Company does not expect the adoption of ASU 2023-05 to have a material impact on its consolidated financial statements. ASU Update 2023-03 – In July 2023, the Financial Accounting Standards Board (FASB) issued ASU 2023-03, “Presentation of Financial Statements (Topic 205), Income Statement—Reporting Comprehensive Income (Topic 220), Distinguishing Liabilities from Equity (Topic 480), Equity (Topic 505), and Compensation—Stock Compensation (Topic 718).” This ASU amends the FASB Accounting Standards Codification for SEC paragraphs pursuant to SEC Staff Accounting Bulletin No. 120, SEC Staff Announcement at the March 24, 2022 EITF Meeting, and Staff Accounting Bulletin Topic 6.B, Accounting Series Release 280—General Revision of Regulation S-X: Income or Loss Applicable to Common Stock. ASU 2023-03 is effective upon addition to the FASB Codification. The Company does not expect the adoption of ASU 2023-03 to have a material impact on its consolidated financial statements.
Fair Value Measurement	Accounting guidance under GAAP defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. This accounting guidance also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities on a recurring basis and to determine fair value disclosures. Additionally, from time to time, the Company may be required to record at fair value other assets on a nonrecurring basis. These nonrecurring fair value adjustments typically involve application of lower of cost or market accounting or write-downs of individual assets. Under fair value accounting guidance, assets and liabilities are grouped at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine their fair values. These hierarchy levels are: Level 1 inputs – Unadjusted quoted prices in active markets for identical assets or liabilities that the entity has the ability to access at the measurement date. Level 2 inputs – Inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These might include quoted prices for similar assets or liabilities in active markets, and inputs other than quoted prices that are observable for the asset or liability, such as interest rates and yield curves that are observable at commonly quoted intervals. Level 3 inputs – Unobservable inputs for determining the fair values of assets or liabilities that reflect an entity’s own assumptions about the assumptions that market participants would use in pricing the assets or liabilities. Below is a discussion on the Company’s assets measured at fair value on a recurring basis. Investment Securities Available for Sale Fair value measurement for investment securities AFS is based on quoted prices from an independent pricing service. The fair value measurements consider observable data that may include present value of future cash flows, prepayment assumptions, credit loss assumptions and other factors. The Company classifies its investments in U.S. Treasury securities, if any, as Level 1 in the fair value hierarchy, and it classifies its investments in U.S. Government agencies securities and mortgage-backed securities issued or guaranteed by U.S. Government sponsored entities as Level 2. Equity Securities Fair value measurement for equity securities is based on quoted market prices retrieved by the Company via on-line resources. Although these securities have readily available fair market values, the Company determined that they should be classified as level 2 investments in the fair value hierarchy due to not being considered traded in a highly active market. 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 mortgage servicing rights (“MSRs”) is determined using a valuation model administered by a third party that calculates the present value of estimated future net servicing income (Level 3). The model incorporates assumptions that market participants use in estimating future net servicing income, including estimates of prepayment speeds, discount rate, default rates, cost to service (including delinquency and foreclosure costs), escrow account earnings, contractual servicing fee income, and other ancillary income such as late fees. Management reviews all significant assumptions on a quarterly basis. Mortgage loan prepayment speed, a key assumption in the model, is the annual rate at which borrowers are forecasted to repay their mortgage loan principal. The discount rate used to determine the present value of estimated future net servicing income, another key assumption in the model, is an estimate of the required rate of return investors in the market would require for an asset with similar risk. Both assumptions can, and generally will, change as market conditions and interest rates change. The significant unobservable inputs used in the fair value measurement of the reporting entity’s residential MSRs are prepayment speeds, probability of default, rate of return, and cost of servicing. Significant increases/decreases in any of those inputs in isolation would have resulted in a significantly lower/higher fair value measurement. Generally, a change in the assumption used for prepayment speeds would have been accompanied by a directionally similar change in the markets, i.e. the 10-Year Treasury, and in the probability of default. IRLCs We utilize a third-party specialist model to estimate the fair value of our IRLCs, which are valued based upon mortgage securities (TBA) prices less estimated costs to process and settle the loan. Fair value is adjusted for the estimated probability of the loan closing with the borrower (Level 3).
Revenue Recognition	Topic 606 does not apply to revenue associated with financial instruments, including revenue from loans and securities. Topic 606 is applicable to noninterest revenue streams such as trust and asset management income, deposit related fees, interchange fees and merchant income. Noninterest revenue streams in-scope of Topic 606 are discussed below. Service Charges on Deposit Accounts Service charges on deposit accounts consist of account analysis fees (i.e., net fees earned on analyzed business and public checking accounts), monthly service fees, check orders, and other deposit account related fees. The Company’s performance obligation for account analysis fees and monthly service fees is generally satisfied, and the related revenue recognized, over the period in which the service is provided. Check orders and other deposit account related fees are largely transactional based, and therefore, the Company’s performance obligation is satisfied, and related revenue recognized, at a point in time. Payment for service charges on deposit accounts is primarily received immediately or at the end of the month through a direct charge to customers’ accounts. Trust and Investment Fee Income Trust and investment fee income primarily comprise fees earned from the management and administration of trusts and other customer assets. The Company’s performance obligation is generally satisfied over time and the resulting fees are recognized monthly, based upon the month-end market value of the assets under management and the applicable fee rate. Payment is generally received a few days after month end through a direct charge to customers’ accounts. The Company does not earn performance-based incentives. Optional services such as real estate sales and tax return preparation services are also available to existing trust and asset management customers. The Company’s performance obligation for these transactional-based services is generally satisfied, and related revenue recognized, at a point in time (i.e., as incurred). Payment is received shortly after services are rendered. Title Company Revenue Title Company revenue consists of revenue earned on performing title work for real estate transactions. The revenue is earned when the title work is performed. Payment for such performance obligations generally occurs at the time of the settlement of a real estate transaction. As such settlement is generally within 90 days of the performance of the title work, we recognize the revenue at the time of the settlement. All contract issuance costs are expensed as incurred. We had no contract assets or liabilities at March 31, 2024. 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.

Business Combinations (Tables)

Business Combinations (Tables)	3 Months Ended
	Mar. 31, 2024
Business Combination and Asset Acquisition [Abstract]
Schedule of Business Acquisitions	In particular, adjustments that would have been necessary to be made to record the loans at fair value, the provision of credit losses or the core deposit intangible would not be practical to estimate. (Dollars in thousands) Purchase Price Consideration: 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, net 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) The Company 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 the Company’s 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)	3 Months Ended
	Mar. 31, 2024
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 March 31, 2024 Three Months Ended March 31, 2023 Balance, beginning of period $ 94 $ — Other debt securities, provision for credit losses 22 163 Balance, end of period $ 116 $ 163
Schedule of Available-for-Sale Securities Reconciliation	The following tables provide information on the amortized cost and estimated fair values of debt securities. (Dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Available-for-sale securities: March 31, 2024 U.S. Treasury and government agencies $ 72,701 $ 8 $ 3,168 $ 69,541 Mortgage-backed-residential 111,780 20 8,174 103,626 Other debt securities 6,102 322 95 6,329 Total $ 190,583 $ 350 $ 11,437 $ 179,496 December 31, 2023 U.S. Treasury and government agencies $ 23,472 $ 5 $ 3,002 $ 20,475 Mortgage-backed-residential 91,280 5 7,258 84,027 Other debt securities 6,080 59 120 6,019 Total $ 120,832 $ 69 $ 10,380 $ 110,521
Schedule of Held-to-Maturity Securities Reconciliation	(Dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Allowance for Credit Losses Held-to-maturity securities: March 31, 2024 U.S. Treasury and government agencies $ 143,215 $ — $ 11,172 $ 132,043 $ — Mortgage-backed-residential 348,754 — 47,343 301,411 — States and political subdivisions 1,469 44 24 1,489 — Other debt securities 10,500 — 1,185 9,315 116 Total $ 503,938 $ 44 $ 59,724 $ 444,258 $ 116 December 31, 2023 U.S. Treasury and government agencies $ 143,442 $ — $ 10,377 $ 133,065 $ — Mortgage-backed-residential 357,870 — 43,864 314,006 — States and political subdivisions 1,470 57 19 1,508 — Other debt securities 10,500 — 1,249 9,251 94 Total $ 513,282 $ 57 $ 55,509 $ 457,830 $ 94
Schedule of Amortized Cost of Held-to-Maturity Securities Based on Credit Rating	The following table shows the amortized cost of HTM securities based on their lowest publicly available credit rating as of March 31, 2024. March 31, 2024 Investment Grade (Dollars in thousands) Aaa Aa1 A3 Baa1 Baa2 NR Total U.S. Treasury and government agencies $ 139,543 $ — $ — $ — $ — $ 3,672 $ 143,215 Mortgage-backed-residential 348,754 — — — — — 348,754 States and political subdivisions — 1,469 — — — — 1,469 Other debt securities — — 4,000 4,000 500 2,000 10,500 Total held-to maturity securities $ 488,297 $ 1,469 $ 4,000 $ 4,000 $ 500 $ 5,672 $ 503,938 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 tables provide information about gross unrealized losses and fair value by length of time that the individual securities have been in a continuous unrealized loss position at March 31, 2024 and December 31, 2023. Less than 12 Months More than 12 Months Total (Dollars in thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses March 31, 2024 Available-for-sale securities: U.S. Treasury and government agencies $ 196 $ 1 $ 17,278 $ 3,167 $ 17,474 $ 3,168 Mortgage-backed-residential 33,688 526 63,243 7,648 96,931 8,174 Other debt securities — — 1,913 95 1,913 95 Total $ 33,884 $ 527 $ 82,434 $ 10,910 $ 116,318 $ 11,437 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-residential 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
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 March 31, 2024. Available for sale Held to maturity (Dollars in thousands) Amortized Cost Fair Value Amortized Cost Fair Value Due in one year or less $ 51,911 $ 51,915 $ 7,000 $ 6,947 Due after one year through five years 16,189 15,075 129,497 121,031 Due after five years through ten years 42,049 39,399 39,125 35,652 Due after ten years 80,434 73,107 328,316 280,628 Total $ 190,583 $ 179,496 $ 503,938 $ 444,258

Loans and Allowance for Credi_2

Loans and Allowance for Credit Losses (Tables)	3 Months Ended
	Mar. 31, 2024
Receivables [Abstract]
Schedule of financing receivables	The following table provides information about the principal classes of the loan portfolio at March 31, 2024 and December 31, 2023. (Dollars in thousands) March 31, 2024 % of Total Loans December 31, 2023 % of Total Loans Construction $ 299,133 6.43 % $ 299,000 6.44 % Residential real estate 1,515,134 32.59 % 1,490,438 32.11 % Commercial real estate 2,272,867 48.90 % 2,286,154 49.27 % Commercial 229,594 4.94 % 229,939 4.95 % Consumer 325,076 6.99 % 328,896 7.09 % Credit Cards 6,921 0.15 % 6,583 0.14 % Total loans 4,648,725 100.00 % 4,641,010 100.00 % Allowance for credit losses on loans (57,336) (57,351) Total loans, net $ 4,591,389 $ 4,583,659
Schedule of Non accrual Loans	The following table provides information on nonaccrual loans by loan class as of March 31, 2024 and 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 March 31, 2024 Nonaccrual loans: Construction $ — $ 476 $ 476 Residential real estate 4 6,379 6,383 Commercial real estate — 3,643 3,643 Commercial 1,209 147 1,356 Consumer 694 224 918 Total $ 1,907 $ 10,869 $ 12,776 Interest income $ 187 $ 33 $ 220 (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 March 31, 2024 Nonaccrual loans: Construction $ 210 $ 266 $ 476 Residential real estate 3,718 2,665 6,383 Commercial real estate 940 2,703 3,643 Commercial 51 1,305 1,356 Consumer 918 — 918 Total $ 5,837 $ 6,939 $ 12,776 (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
Schedule of financing receivable credit quality indicators	The following tables provides information on loan risk ratings as of March 31, 2024 and gross write-offs during the three months ended March 31, 2024. Term Loans by Origination Year Revolving Loans Revolving Converted to Term Loans Total (Dollars in thousands) Prior 2020 2021 2022 2023 2024 March 31, 2024 Construction Pass $ 38,125 $ 14,343 $ 25,261 $ 87,793 $ 112,241 $ 12,386 $ 7,890 $ 617 $ 298,656 Substandard 62 — — 415 — — — — 477 Total $ 38,187 $ 14,343 $ 25,261 $ 88,208 $ 112,241 $ 12,386 $ 7,890 $ 617 $ 299,133 Gross Charge-offs $ — $ — $ (12) $ — $ — $ — $ — $ — $ (12) Residential real estate Pass $ 370,852 $ 102,832 $ 250,832 $ 400,047 $ 238,040 $ 23,294 $ 107,384 $ 12,880 $ 1,506,161 Special Mention 403 552 498 — — — 182 — 1,635 Substandard 5,922 — — — — — 1,416 — 7,338 Total $ 377,177 $ 103,384 $ 251,330 $ 400,047 $ 238,040 $ 23,294 $ 108,982 $ 12,880 $ 1,515,134 Gross Charge-offs $ (1) $ — $ — $ — $ — $ — $ — $ — $ (1) Commercial real estate Pass $ 843,547 $ 306,361 $ 418,343 $ 428,863 $ 211,540 $ 23,024 $ 15,782 $ — $ 2,247,460 Special Mention 11,383 — 5,474 4,418 — — 166 — 21,441 Substandard 3,437 — 529 — — — — — 3,966 Total $ 858,367 $ 306,361 $ 424,346 $ 433,281 $ 211,540 $ 23,024 $ 15,948 $ — $ 2,272,867 Gross Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial Pass $ 33,571 $ 14,629 $ 55,492 $ 35,027 $ 29,904 $ 10,915 $ 46,160 $ 394 $ 226,092 Special Mention 135 — — 1,514 580 — 500 70 2,799 Substandard 402 — — — — — 301 — 703 Total $ 34,108 $ 14,629 $ 55,492 $ 36,541 $ 30,484 $ 10,915 $ 46,961 $ 464 $ 229,594 Gross Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Consumer Pass $ 1,355 $ 12,829 $ 71,502 $ 136,759 $ 82,331 $ 17,387 $ 677 $ — $ 322,840 Special Mention — — — — 1,317 — — — 1,317 Substandard 8 7 12 783 108 — 1 — 919 Total $ 1,363 $ 12,836 $ 71,514 $ 137,542 $ 83,756 $ 17,387 $ 678 $ — $ 325,076 Gross Charge-offs $ (226) $ — $ (46) $ (238) $ — $ (15) $ — $ (525) Total Pass $ 1,287,450 $ 450,994 $ 821,430 $ 1,088,489 $ 674,056 $ 87,006 $ 177,893 $ 13,891 $ 4,601,209 Special Mention 11,921 552 5,972 5,932 1,897 — 848 70 27,192 Substandard 9,831 7 541 1,198 108 — 1,718 — 13,403 Total loans by risk category $ 1,309,202 $ 451,553 $ 827,943 $ 1,095,619 $ 676,061 $ 87,006 $ 180,459 $ 13,961 $ 4,641,804 Total gross charge-offs $ (227) $ — $ (58) $ (238) $ — $ (15) $ — $ — $ (538) Term Loans by Origination Year Revolving Loans Revolving Converted to Term Loans Total (Dollars in thousands) Prior 2020 2021 2022 2023 2024 March 31, 2024 Credit Cards Performing $ — $ — $ — $ — $ — $ — $ 6,921 $ — $ 6,921 Total $ — $ — $ — $ — $ — $ — $ 6,921 $ — $ 6,921 Gross Charge-offs $ — $ — $ — $ — $ — $ — $ (116) $ — $ (116) Total loans evaluated by performing status $ — $ — $ — $ — $ — $ — $ 6,921 $ — $ 6,921 Total gross charge-offs $ — $ — $ — $ — $ — $ — $ (116) $ — $ (116) Total Recorded Investment $ 1,309,202 $ 451,553 $ 827,943 $ 1,095,619 $ 676,061 $ 87,006 $ 187,380 $ 13,961 $ 4,648,725
Schedule of past due financing receivables	The following tables provides information on loan risk ratings as of December 31, 2023 and gross write-offs during twelve months ended December 31, 2023. Term Loans by Origination Year Revolving Revolving 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 $ 1,059,173 $ 277,491 $ 461,213 $ 837,657 $ 1,107,579 $ 670,765 $ 194,798 $ 25,751 $ 4,634,427 Total gross $ (1,035) $ — $ (830) $ (17) $ (8) $ (4) $ (126) $ (242) $ (2,262) Credit Cards Performing $ — $ — $ — $ — $ — $ — $ 6,583 $ — $ 6,583 Total $ — $ — $ — $ — $ — $ — $ 6,583 $ — $ 6,583 Gross Charge-offs $ — $ — $ — $ — $ — $ — $ (111) $ — $ (111) Total loans evaluated $ — $ — $ — $ — $ — $ — $ 6,583 $ — $ 6,583 Total gross charge-offs $ — $ — $ — $ — $ — $ — $ (111) $ — $ (111) Total Recorded $ 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 the loan portfolio as of March 31, 2024 and December 31, 2023. Accruing (Dollars in thousands) 30‑59 days past due 60‑89 days past due 30-89 days past due and not accruing 90 days past due and still accruing 90 days past Total Current Accrual Loans (1) Current Total March 31, 2024 Construction $ — $ — $ — $ — $ 210 $ 210 $ 298,657 $ 266 $ 299,133 Residential real estate 2,930 354 723 145 2,995 7,147 1,505,322 2,665 1,515,134 Commercial real estate 433 — — — 940 1,373 2,268,791 2,703 2,272,867 Commercial 2,137 — — — 51 2,188 226,101 1,305 229,594 Consumer 2,200 138 24 1,317 894 4,573 320,503 — 325,076 Credit Cards 58 89 — 98 — 245 6,676 — 6,921 Total $ 7,758 $ 581 $ 747 $ 1,560 $ 5,090 $ 15,736 $ 4,626,050 $ 6,939 $ 4,648,725 Percent of total loans 0.17 % 0.01 % 0.02 % 0.03 % 0.11 % 0.34 % 99.51 % 0.15 % 100.0 % (1) Includes loans measured at fair value of $9.7 million at March 31, 2024. Accruing (Dollars in thousands) 30‑59 days past due 60‑89 days past due 30-89 days past due and not accruing 90 days past due and still accruing 90 days past due and not accruing Total past due Current Accrual Loans (1) Current Non accrual Loans Total December 31, 2023 Construction $ 1,919 $ — $ — $ — $ 220 $ 2,139 $ 296,456 $ 405 $ 299,000 Residential real estate 2,420 271 1,469 108 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 1,391 24 — 879 5,518 323,376 2 328,896 Credit cards $ 35 $ 36 $ — $ 142 $ — $ 213 $ 6,370 $ — $ 6,583 Total $ 7,662 $ 1,698 $ 1,493 $ 738 $ 5,017 $ 16,608 $ 4,618,122 $ 6,280 $ 4,641,010 Percent of total loans 0.17 % 0.04 % 0.03 % 0.02 % 0.11 % 0.37 % 99.50 % 0.13 % 100.00 % (1) Includes loans measured at fair value of $9.9 million at December 31, 2023.
Schedule of consolidated allowance for credit losses on financing receivables	The following tables provide a summary of the activity in the ACL allocated by loan class for the three months ended March 31, 2024 and March 31, 2023. Allocation of a portion of the allowance to one loan class does not preclude its availability to absorb losses in other loan classes. (Dollars in thousands) Beginning Balance Charge-offs Recoveries Net (charge-offs) recoveries Provisions Ending Balance For three months ended March 31, 2024 Construction $ 3,935 $ (12) $ 2 $ (10) $ (367) $ 3,558 Residential real estate 21,949 (1) 2 1 (1,182) 20,768 Commercial real estate 20,975 — — — 275 21,250 Commercial 2,671 — 1 1 207 2,879 Consumer (1) 7,601 (525) 76 (449) 1,530 8,682 Credit Card 220 (116) 8 (108) 87 199 Total $ 57,351 $ (654) $ 89 $ (565) $ 550 $ 57,336 (1) Gross charge-offs of consumer loans for the three months ended March 31, 2024 included $0.2 million of demand deposit overdrafts. (Dollars in thousands) Beginning Balance Impact of ASC326 Adoption Charge-offs Recoveries Net (charge-offs) recoveries Provisions Ending Balance For Three Months Ended March 31, 2023 Construction $ 2,973 $ 1,222 $ — $ 3 $ 3 $ (1,509) $ 2,689 Residential real estate 2,622 4,974 — 31 31 1,120 8,747 Commercial real estate 4,899 3,742 — — — 1,217 9,858 Commercial 1,652 401 (107) 53 (54) (139) 1,860 Consumer 4,497 452 — — — 361 5,310 Total $ 16,643 $ 10,791 $ (107) $ 87 $ (20) $ 1,050 $ 28,464
Schedule of collateral-dependent loans	The following table presents the amortized cost basis of collateral-dependent loans by loan portfolio segment. March 31, 2024 (Dollars in thousands) Real Estate Collateral Other Collateral Total Construction $ 477 $ — $ 477 Residential real estate 19,272 — 19,272 Commercial real estate 5,197 — 5,197 Commercial — 733 733 Consumer — 918 918 Total $ 24,946 $ 1,651 $ 26,597 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 three months ended March 31, 2024, and there were no modifications to loans for borrowers experiencing financial difficulty during the three months ended March 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 March 31, 2024 Construction $ — $ — $ — $ — $ — $ — — % Residential real estate — — — — — — — % Residential rentals — — — — — — — % Commercial real estate 117 — — — — 117 0.01 % Commercial 232 — — — — 232 0.10 % Consumer — — — — — — — % Credit Cards — — — — — — — % Total $ 349 $ — $ — $ — $ — $ 349 0.01 % The following table presents the financial effect of loan modifications made to borrowers experiencing financial difficulty during the three months ended March 31, 2024, and there were no modifications to loans for borrowers experiencing financial difficulty during the three months ended March 31, 2023. (dollars in thousands) Weighted-Average Months of Term Extension March 31, 2024 Commercial real estate 12 months Commercial 12 months
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 March 31, 2024, and there were no loan modifications made to borrowers experiencing financial difficulty at March 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 March 31, 2024 Construction $ — $ — $ — $ — $ — $ — $ — $ — Residential real estate — — — — — — — — Commercial real estate — — — — — — 117 117 Commercial — — — — — — 232 232 Consumer — — — — — — — — Credit Cards — — — — — — — — Total $ — $ — $ — $ — $ — $ — $ 349 $ 349

Goodwill and Other Intangibles

Goodwill and Other Intangibles (Tables)	3 Months Ended
	Mar. 31, 2024
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 March 31, 2024 and December 31, 2023. March 31, 2024 (Dollars in thousands) Gross Carrying Amount Additions Accumulated Impairment Charges Accumulated Amortization Net Carrying Amount Weighted Average Remaining Life (in years) Goodwill $ 65,476 $ — $ (1,543) $ (667) $ 63,266 0.0 years Other intangible assets Amortizable Core deposit intangible $ 59,151 $ — $ — $ (13,636) $ 45,515 3.7 years Total other intangible assets $ 59,151 $ — $ — $ (13,636) $ 45,515 December 31, 2023 (Dollars in thousands) Gross Carrying Amount Additions Accumulated Impairment Charges Accumulated Amortization Net Carrying Amount Weighted Average Remaining Life Goodwill $ 65,476 $ — $ (1,543) $ (667) $ 63,266 0.0 years Other intangible assets Amortizable Core deposit intangible $ 10,503 48,648 $ — $ (11,061) $ 48,090 3.7 years Total other intangible assets $ 10,503 $ 48,648 $ — $ (11,061) $ 48,090
Future Amortization Expense for Amortizable Other Intangible Assets	At March 31, 2024, estimated future remaining amortization for amortizing core deposit intangibles within the years ending December 31, is as follows: (Dollars in thousands) Amortization Expense 2024 $ 7,204 2025 8,589 2026 7,398 2027 6,208 2028 5,060 Thereafter 11,056 Total amortizing intangible assets $ 45,515

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2024
Leases [Abstract]
Information about leases	The following tables present information about the Company’s leases. (Dollars in thousands) March 31, 2024 December 31, 2023 Lease liabilities $ 12,552 $ 12,857 Right-of-use assets $ 12,153 $ 12,487 Weighted average remaining lease term 10.72 years 10.88 years Weighted average discount rate 3.24 % 3.24 % Remaining lease term - min 0.14 years 0.39 years Remaining lease term - max 17.43 years 17.68 years Three Months Ended March 31, Lease cost (in thousands) 2024 2023 Operating lease cost $ 492 $ 340 Total lease cost $ 492 $ 340 Cash paid for amounts included in the measurement of lease liabilities $ 462 $ 322
Operating lease liabilities	A maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total of operating lease liabilities is as follows: Lease payments due (in thousands) As of March 31, 2024 Nine months ending December 31, 2024 $ 1,347 2025 1,642 2026 1,600 2027 1,472 2028 1,419 Thereafter 7,261 Total undiscounted cash flows $ 14,741 Discount 2,189 Lease liabilities $ 12,552
Minimum future annual rental income	The following table presents our minimum future annual rental income on such leases as of March 31, 2024. (In thousands) As of March 31, 2024 Nine months ending December 31, 2024 $ 635 2025 854 2026 876 2027 562 2028 578 Thereafter 2,438 Total $ 5,943

Deposits (Tables)

Deposits (Tables)	3 Months Ended
	Mar. 31, 2024
Deposits [Abstract]
Summary of Deposits	Deposits consist of the following categories as of the dates indicated: (dollars in thousands) March 31, 2024 December 31, 2023 Balance % Balance % Noninterest-bearing demand $ 1,200,680 23.15 % $ 1,258,037 23.36 % Interest-bearing: Demand 1,101,954 21.26 % 1,165,546 21.64 % Money market deposits 1,358,205 26.20 % 1,430,603 26.56 % Savings 354,098 6.83 % 347,324 6.45 % Certificates of deposit 1,169,342 22.56 % 1,184,610 21.99 % Total interest-bearing 3,983,599 76.85 % 4,128,083 76.64 % Total Deposits $ 5,184,279 100.00 % $ 5,386,120 100.00 % At March 31, 2024, the scheduled contractual maturities of certificates of deposit are as follows: (dollars in thousands) March 31, 2024 Within one year $ 1,023,551 Year 2 111,651 Year 3 16,812 Year 4 11,048 Year 5 6,276 Thereafter 4 $ 1,169,342
Schedule of Contractual Maturities of Certificates of Deposit	At March 31, 2024, the scheduled contractual maturities of certificates of deposit are as follows: (dollars in thousands) March 31, 2024 Within one year $ 1,023,551 Year 2 111,651 Year 3 16,812 Year 4 11,048 Year 5 6,276 Thereafter 4 $ 1,169,342

Borrowings (Tables)

Borrowings (Tables)	3 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
Schedule of Long-Term Debt	Long-term debt consisted of the following: (dollars in thousands) March 31, 2024 December 31, 2023 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 19,500 2020 2030 2025 4.75% through October 2025, 3-month SOFR + 4.58% thereafter Total subordinated debentures 44,500 44,500 Severn Capital Trust I 20,619 20,619 2004 2035 3-month SOFR + 2.00% Tri-County Capital Trust I 7,000 7,000 2004 2034 90-day SOFR + 2.60% Tri-County Capital Trust II 5,000 5,000 2005 2035 90-day SOFR + 1.70% Total trust preferred securities 32,619 32,619 Less net discount and unamortized issuance costs (4,560) (4,822) Total long-term debt $ 72,559 $ 72,297

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
Restricted Stock and Restricted Stock Activity	The following table summarizes restricted stock award and restricted stock unit activity for the Company under the 2016 Equity Plan for the three months ended March 31, 2024. Restricted Stock Restricted Stock Units Performance Stock Units Number of Shares Weighted Average Grant Date Fair Value Number of Shares Weighted Average Grant Date Fair Value Number of Shares Weighted Average Grant Date Fair Value Nonvested at beginning of period 45,322 $ 15.42 165,055 $ 11.56 — $ — Granted 5,326 13.14 53,279 11.31 43,651 11.32 Vested (26,717) 17.30 (32,763) 11.56 — — Forfeited — — (982) 11.56 — — Nonvested at end of period 23,931 $ 12.81 184,589 $ 11.49 43,651 $ 11.32

Derivatives (Tables)

Derivatives (Tables)	3 Months Ended
	Mar. 31, 2024
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 March 31, 2024 and December 31, 2023. March 31, 2024 December 31, 2023 (Dollars in thousands) Notional Amount Estimated Fair Value Notional Amount Estimated Fair Value Asset - IRLCs $ 15,188 $ 233 $ 6,785 $ 110 Asset - TBA securities 4,750 10 1,000 2 Liability - IRLCs 198 1 — — Liability - TBA securities 19,750 108 18,000 176

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Mar. 31, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table provides information on the changes in the component of accumulated other comprehensive income (loss) for the three months ended March 31, 2024 and 2023. Three Months Ended March 31, 2024 Three Months Ended March 31, 2023 (Dollars in thousands) Net Unrealized (Losses) Net Unrealized Gains And (Losses) Beginning of period $ (7,494) $ (9,021) Other comprehensive (loss) income, net of tax (564) 860 End of period $ (8,058) $ (8,161)

Regulatory Capital (Tables)

Regulatory Capital (Tables)	3 Months Ended
	Mar. 31, 2024
Regulatory Capital Requirements under Banking Regulations [Abstract]
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations	Regulatory Capital and Ratios Regulatory Minimum Ratio + CCB ( 1) The Company The Bank (dollars in thousands) March 31, 2024 December 31, 2023 March 31, 2024 December 31, 2023 Common equity $ 515,228 $ 511,135 $ 579,520 $ 570,100 Goodwill (4) (61,523) (63,266) (61,523) (63,266) Core deposit intangible (3) (34,235) (38,069) (34,235) (38,069) DTAs that arise from net operating loss and tax credit carry forwards (5,858) (8,977) (4,326) (6,059) AOCI losses 8,058 7,494 8,058 7,494 Common Equity Tier 1 Capital 421,670 408,317 487,494 470,200 TRUPs 29,237 29,158 — — Tier 1 Capital 450,907 437,475 487,494 470,200 Allowable reserve for credit losses and other Tier 2 adjustments 58,428 58,586 58,428 58,586 Subordinated notes 43,322 43,139 — — Tier 2 Capital $ 552,657 $ 539,200 $ 545,922 $ 528,786 Risk-Weighted Assets ("RWA") $ 4,729,930 $ 4,697,504 $ 4,723,872 $ 4,693,009 Average Assets ("AA") $ 5,684,150 $ 5,649,116 $ 5,679,282 $ 5,644,930 Common Tier 1 Capital to RWA 7.00% 8.91 % 8.69 % 10.32 % 10.02 % Tier 1 Capital to RWA 8.50% 9.53 % 9.31 % 10.32 % 10.02 % Tier 2 Capital to RWA 10.50% 11.68 % 11.48 % 11.56 % 11.27 % Tier 1 Capital to AA (Leverage) (2) n/a 7.93 % 7.74 % 8.58 % 8.33 % ____________________________________ (1) The regulatory minimum capital ratio ("Min. Ratio") + the capital conservation buffer ("CCB"). (2) Tier 1 Capital to AA (Leverage) has no capital conservation buffer defined. The PCA well capitalized is defined as 5.00%. (3) Core deposit intangible is net of deferred tax liability. (4) Goodwill is net of deferred tax liability as of March 31, 2024.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Fair Value Assets and Liabilities Measured on Nonrecurring Basis Valuation Techniques	Fair value is adjusted for the estimated probability of the loan closing with the borrower (Level 3). (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range March 31, 2024 MSRs (1) $ 5,821 Market Approach Weighted average prepayment speed (PSA) (2) 147 IRLCs - net asset $ 232 Market Approach Range of pull through rate 79% - 100% Average pull through rate 96% (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% ____________________________________ (1) The weighted average was calculated with reference to the principal balance of the underlying mortgages. (2) PSA = Public Securities Association Standard Prepayment Model
Schedule of Servicing Asset at Fair Value	The following table presents activity in MSRs for the three months ended March 31, 2024. (Dollars in thousands) Three Months Ended March 31, 2024 Beginning balance $ 5,926 Servicing rights resulting from sales of loans 118 Valuation adjustment (223) Ending balance $ 5,821
Schedule of Derivative Asset at Fair Value	The following table presents activity in the IRLCs - net asset for the three months ended March 31, 2024. (Dollars in thousands) Three Months Ended March 31, 2024 Beginning balance $ 110 Valuation adjustment 122 Ending balance $ 232
Schedule of Fair Value of Assets and Liabilities Measured on Recurring Basis	The following tables present the recorded amount of assets measured at fair value on a recurring basis at March 31, 2024 and December 31, 2023. No assets were transferred from one hierarchy level to another during the first three months of 2024 or 2023. (Dollars in thousands) Fair Value Quoted Prices Significant Other Observable Inputs Significant Unobservable Inputs March 31, 2024 Assets: Securities available for sale: U.S. Government agencies $ 69,541 $ — $ 69,541 $ — Mortgage-backed 103,626 — 103,626 — Other debt securities 6,329 — 6,329 — 179,496 — 179,496 — Equity securities 5,681 — 5,681 — TBA forward trades 10 — 10 — Loans Held for Sale 13,767 — 13,767 — Loans Held for Investment, at fair value 9,684 — 9,684 — MSRs 5,821 — — 5,821 IRLCs 233 — — 233 Total assets at fair value $ 214,692 $ — $ 208,638 $ 6,054 Liabilities: IRLCs $ 1 $ — $ — $ 1 TBA securities 108 — 108 — Total liabilities at fair value $ 109 $ — $ 108 $ 1 (Dollars in thousands) Fair Value Quoted Prices Significant Other Observable Inputs Significant Unobservable Inputs 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 securities $ 176 $ — $ 176 $ — Total liabilities at fair value $ 176 $ — $ 176 $ —
Fair Value of Assets Measured on Nonrecurring Basis	Assets are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Quantitative Information about Level 3 Fair Value Measurements (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range Weighted Average (1) March 31, 2024 Nonrecurring measurements: Individually evaluated collateral dependent loans $ 17 Appraisal of collateral (1) Appraisal adjustment (2) Liquidation expense (2) 99% 10% 99% 10% Other real estate owned $ 179 Appraisal of collateral (1) Appraisal adjustment (2) (0%) - (20%) 0% Repossessed properties $ 1,845 Appraisal of collateral (1) Appraisal adjustment (2) 12% - 13% 13% 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% _________________________________ (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)	3 Months Ended
	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Summary of Carrying Amounts and Estimated Fair Values of Financial Instruments	The carrying amounts and estimated fair values of the Company’s financial instruments are presented in the following table. Fair values for March 31, 2024 and December 31, 2023 were estimated using an exit price notion. March 31, 2024 Carrying Amount Fair Value Fair Value Measurements Description of Asset (dollars in thousands) Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 114,560 $ 114,560 $ 114,560 $ — $ — Investment securities - AFS 179,496 179,496 — 179,496 — Investment securities - HTM, net 503,822 444,258 — 444,258 — Equity securities 5,681 5,681 — 5,681 — Restricted securities 17,863 17,863 — 17,863 — Loans held for sale 13,767 13,767 — 13,767 — TBA derivatives trades 10 10 — 10 — Cash surrender value on life insurance 102,321 102,321 — 102,321 — Loans, at fair value 9,684 9,684 — 9,684 — Loans, net 4,581,705 4,397,048 — — 4,397,048 MSRs 5,821 5,821 — — 5,821 IRLCs 233 233 — — 233 Liabilities Deposits: Noninterest-bearing demand $ 1,200,680 $ 1,200,680 $ — $ 1,200,680 $ — Checking plus interest 1,101,954 1,101,954 — 1,101,954 — Money Market 1,358,205 1,358,205 — 1,358,205 — Savings 353,213 353,213 — 353,213 — Club 885 885 — 885 — Certificates of Deposit 1,169,342 1,168,144 — 1,168,144 — Subordinated debt, net 43,322 42,498 — 42,498 — TRUPS, net 29,237 28,049 — 28,049 — TBA Securities 108 108 — 108 — IRLCs 1 1 — — 1 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 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 securities 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, net 43,139 42,579 — 42,579 — TRUPS, net 29,158 28,266 — 28,266 — TBA Securities 176 176 — 176 —

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Schedule of Commitments Outstanding	The following table provides information on commitments outstanding at March 31, 2024 and December 31, 2023. (Dollars in thousands) March 31, 2024 December 31, 2023 Commitments to extend credit $ 694,646 $ 613,266 Letters of credit 27,373 28,519 Total $ 722,019 $ 641,785

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2024
Earnings Per Share [Abstract]
Schedule of Earnings Per Common Share, Basic and Diluted	The following table provides information relating to the calculation of earnings per common share. Three Months Ended March 31, (In thousands, except per share data) 2024 2023 Net Income $ 8,184 $ 6,457 Average number of common shares outstanding 33,189 19,886 Dilutive effect of common stock equivalents 2 — Average number of shares used to calculate diluted EPS 33,191 19,886 Anti-dilutive shares 1 — Earnings per common share Basic $ 0.25 $ 0.32 Diluted $ 0.25 $ 0.32

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Mar. 31, 2024
Revenue from Contract with Customer [Abstract]
Schedule Of Noninterest Income, Segregated By Revenue Streams In-Scope And Out-Of-Scope Of Topic 606	The following presents noninterest income, segregated by revenue streams in-scope and out-of-scope of Topic 606, for the three months ended March 31, 2024 and 2023. Three Months Ended March 31, (Dollars in thousands) 2024 2023 Noninterest Income In-scope of Topic 606: Service charges on deposit accounts $ 1,507 $ 1,213 Trust and investment fee income 734 432 Interchange income 1,587 1,212 Title Company revenue 78 137 Other noninterest income 803 794 Noninterest Income (in-scope of Topic 606) 4,709 3,788 Noninterest Income (out-of-scope of Topic 606) 1,858 1,546 Total Noninterest Income $ 6,567 $ 5,334

Business Combinations (Narrativ

Business Combinations (Narrative) (Details) - The Community Financial Corporation $ / shares in Units, $ in Thousands	Jul. 01, 2023 USD ($) loan $ / shares shares	Jun. 30, 2023 $ / shares
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 ($) $ / shares in Units, $ in Thousands	Jul. 01, 2023	Mar. 31, 2024	Dec. 31, 2023	Jun. 30, 2023
Subordinated Debt
Identifiable Liabilities
Long-term debt, gross		$ 44,500	$ 44,500
TCFC Debt | Subordinated Debt
Identifiable Liabilities
Long-term debt, gross	$ 500,000
The Community Financial Corporation
Business Combination, Description [Abstract]
Effective settlement of pre-existing debt	500
Cash consideration (cash in lieu for fractional shares)	5
Total purchase price	153,592
Identifiable assets:
Cash and cash equivalents	25,377
Total securities	454,468
Loans, net	1,765,255
Premises and equipment, net	29,277
Core deposit intangible, net	48,648
Other assets	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)
Share price (dollars per share)	$ 11.56			$ 11.56
Common Stock | The Community Financial Corporation
Business Combination, Description [Abstract]
Equity interests	$ 152,612
Restricted Stock Units (RSUs) | The Community Financial Corporation
Business Combination, Description [Abstract]
Equity interests	$ 475

Investment Securities (Activity

Investment Securities (Activity in the ACL on Held-to Maturity Securities) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Activity in the ACL on held-to maturity securities
Balance, beginning of period	$ 94	$ 0
Other debt securities, provision for credit losses	22	163
Balance, end of Period	$ 116	$ 163

Investment Securities (Narrativ

Investment Securities (Narrative) (Details)	3 Months Ended
	Mar. 31, 2024 USD ($) security	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($)
Schedule of Investments [Line Items]
Other debt securities, provision for credit losses	$ 22,000	$ 163,000
Available for sale securities sold	0	0
Equity securities, at fair value	5,681,000		$ 5,703,000
Fair value adjustment through earnings	(8,184,000)	(6,457,000)
Held-to-maturity securities	$ 503,822,000		513,188,000
Available-for-sale debt securities, unrealized loss, number of positions | security	115
Available-for-sale securities, continuous unrealized loss position, unrealized losses	$ 11,437,000		10,380,000
Debt Securities, available-for-sale, impairment loss	0
Securities past due or on nonaccrual	0
Held-to-maturity, amortized cost	503,938,000		513,282,000
Available-for-sale, amortized cost	190,583,000		120,832,000
Total
Schedule of Investments [Line Items]
Held-to-maturity, amortized cost	195,800,000		185,900,000
Available-for-sale, amortized cost	53,100,000		54,500,000
Speculative
Schedule of Investments [Line Items]
Held-to-maturity securities	0		$ 0
Revision of Prior Period, Change in Accounting Principle, Adjustment
Schedule of Investments [Line Items]
Fair value adjustment through earnings	$ (61,000)	$ 17,000

Investment Securities (Amortize

Investment Securities (Amortized Cost and Estimated Fair Values of Investment Securities) (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Available-for-sale securities:
Amortized Cost	$ 190,583	$ 120,832
Gross Unrealized Gains	350	69
Gross Unrealized Losses	11,437	10,380
Investment securities - AFS	179,496	110,521
Held-to-maturity securities:
Amortized Cost	503,938	513,282
Gross Unrealized Gains	44	57
Gross Unrealized Losses	59,724	55,509
Estimated Fair Value	444,258	457,830
Allowance for Credit Losses	116	94	$ 163	$ 0
U.S. Treasury and government agencies
Available-for-sale securities:
Amortized Cost	72,701	23,472
Gross Unrealized Gains	8	5
Gross Unrealized Losses	3,168	3,002
Investment securities - AFS	69,541	20,475
Held-to-maturity securities:
Amortized Cost	143,215	143,442
Gross Unrealized Gains	0	0
Gross Unrealized Losses	11,172	10,377
Estimated Fair Value	132,043	133,065
Allowance for Credit Losses	0	0
Mortgage-backed-residential
Available-for-sale securities:
Amortized Cost	111,780	91,280
Gross Unrealized Gains	20	5
Gross Unrealized Losses	8,174	7,258
Investment securities - AFS	103,626	84,027
Held-to-maturity securities:
Amortized Cost	348,754	357,870
Gross Unrealized Gains	0	0
Gross Unrealized Losses	47,343	43,864
Estimated Fair Value	301,411	314,006
Allowance for Credit Losses	0	0
Other debt securities
Available-for-sale securities:
Amortized Cost	6,102	6,080
Gross Unrealized Gains	322	59
Gross Unrealized Losses	95	120
Investment securities - AFS	6,329	6,019
Held-to-maturity securities:
Amortized Cost	10,500	10,500
Gross Unrealized Gains	0	0
Gross Unrealized Losses	1,185	1,249
Estimated Fair Value	9,315	9,251
Allowance for Credit Losses	116	94
States and political subdivisions
Held-to-maturity securities:
Amortized Cost	1,469	1,470
Gross Unrealized Gains	44	57
Gross Unrealized Losses	24	19
Estimated Fair Value	1,489	1,508
Allowance for Credit Losses	$ 0	$ 0

Investment Securities (Credit Q

Investment Securities (Credit Quality Information) (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	$ 503,938	$ 513,282
Aaa
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	488,297	498,631
Aa1
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	1,469	1,470
A3
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	4,000	4,000
Baa1
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	4,000	4,000
Baa2
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	500	500
NR
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	5,672	4,681
U.S. Treasury and government agencies
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	143,215	143,442
U.S. Treasury and government agencies | Aaa
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	139,543	140,761
U.S. Treasury and government agencies | Aa1
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	0	0
U.S. Treasury and government agencies | A3
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	0	0
U.S. Treasury and government agencies | Baa1
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	0	0
U.S. Treasury and government agencies | Baa2
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	0	0
U.S. Treasury and government agencies | NR
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	3,672	2,681
Mortgage-backed-residential
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	348,754	357,870
Mortgage-backed-residential | Aaa
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	348,754	357,870
Mortgage-backed-residential | Aa1
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	0	0
Mortgage-backed-residential | A3
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	0	0
Mortgage-backed-residential | Baa1
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	0	0
Mortgage-backed-residential | Baa2
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	0	0
Mortgage-backed-residential | NR
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	0	0
States and political subdivisions
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	1,469	1,470
States and political subdivisions | Aaa
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	0	0
States and political subdivisions | Aa1
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	1,469	1,470
States and political subdivisions | A3
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	0	0
States and political subdivisions | Baa1
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	0	0
States and political subdivisions | Baa2
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	0	0
States and political subdivisions | NR
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	0	0
Other debt securities
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	10,500	10,500
Other debt securities | Aaa
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	0	0
Other debt securities | Aa1
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	0	0
Other debt securities | A3
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	4,000	4,000
Other debt securities | Baa1
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	4,000	4,000
Other debt securities | Baa2
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	500	500
Other debt securities | NR
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	$ 2,000	$ 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	Mar. 31, 2024	Dec. 31, 2023
Available-for-sale securities:
Fair value, less than 12 months	$ 33,884	$ 24,479
Unrealized losses, less than 12 months	527	150
Fair value, more than 12 months	82,434	72,504
Unrealized losses, more than 12 months	10,910	10,230
Fair Value	116,318	96,983
Unrealized Losses	11,437	10,380
U.S. Treasury and government agencies
Available-for-sale securities:
Fair value, less than 12 months	196	74
Unrealized losses, less than 12 months	1	0
Fair value, more than 12 months	17,278	17,750
Unrealized losses, more than 12 months	3,167	3,002
Fair Value	17,474	17,824
Unrealized Losses	3,168	3,002
Mortgage-backed-residential
Available-for-sale securities:
Fair value, less than 12 months	33,688	24,405
Unrealized losses, less than 12 months	526	150
Fair value, more than 12 months	63,243	52,864
Unrealized losses, more than 12 months	7,648	7,108
Fair Value	96,931	77,269
Unrealized Losses	8,174	7,258
Other debt securities
Available-for-sale securities:
Fair value, less than 12 months	0	0
Unrealized losses, less than 12 months	0	0
Fair value, more than 12 months	1,913	1,890
Unrealized losses, more than 12 months	95	120
Fair Value	1,913	1,890
Unrealized Losses	$ 95	$ 120

Investment Securities (Amorti_2

Investment Securities (Amortized Cost and Estimated Fair Value by Maturity Date) (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Amortized Cost
Due in one year or less	$ 51,911
Due after one year through five years	16,189
Due after five years through ten years	42,049
Due after ten years	80,434
Amortized Cost	190,583	$ 120,832
Fair Value
Due in one year or less	51,915
Due after one year through five years	15,075
Due after five years through ten years	39,399
Due after ten years	73,107
Total	179,496	110,521
Amortized Cost
Due in one year or less	7,000
Due after one year through five years	129,497
Due after five years through ten years	39,125
Due after ten years	328,316
Amortized Cost	503,938	513,282
Fair Value
Due in one year or less	6,947
Due after one year through five years	121,031
Due after five years through ten years	35,652
Due after ten years	280,628
Total	$ 444,258	$ 457,830

Loans and Allowance for Credi_3

Loans and Allowance for Credit Losses (Narrative) (Details)	3 Months Ended
	Mar. 31, 2024 USD ($) property	Mar. 31, 2023 USD ($) borrower	Dec. 31, 2023 USD ($)
Loan Receivables:
Loans, net	$ 4,591,389,000		$ 4,583,659,000
Modifications	349,000	$ 0
Number of borrowers experiencing financial difficulty | borrower		0
Subsequent defaults on loan modifications	0	$ 0
Federal National Mortgage Association (FNMA)
Loan Receivables:
Loans, net	371,100,000
Federal Home Loan Mortgage Corporation (FHLMC)
Loan Receivables:
Loans, net	117,800,000
Residential real estate
Loan Receivables:
Modifications	0
Consumer mortgage loans	$ 200,000		200,000
Number of residential real estate property | property	0
Consumer
Loan Receivables:
Modifications	$ 0
Northwest Bank Branches
Loan Receivables:
Fees	2,400,000		2,200,000
Severn Bancorp, Inc.
Loan Receivables:
Loans acquired, net of related discount	4,400,000		4,700,000
Loans acquired as part of acquisition	289,000,000		297,900,000
The Community Financial Corporation
Loan Receivables:
Business combination, loan acquired	1,600,000,000		1,600,000,000
Loans acquired, net of related discount	$ 104,200,000		$ 108,400,000

Loans and Allowance for Credi_4

Loans and Allowance for Credit Losses (Loans by Class of Loan Portfolio) (Details) $ in Thousands	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Financing Receivable, Past Due [Line Items]
Loans	$ 4,648,725	$ 4,641,010
% of Total Loans	1	1
Less: allowance for credit losses	$ (57,336)	$ (57,351)	$ (28,464)	$ (16,643)
Loans, net	4,591,389	4,583,659
Construction
Financing Receivable, Past Due [Line Items]
Loans	$ 299,133	$ 299,000
% of Total Loans	0.0643	0.0644
Less: allowance for credit losses	$ (3,558)	$ (3,935)	(2,689)	(2,973)
Residential real estate
Financing Receivable, Past Due [Line Items]
Loans	$ 1,515,134	$ 1,490,438
% of Total Loans	0.3259	0.3211
Less: allowance for credit losses	$ (20,768)	$ (21,949)	(8,747)	(2,622)
Commercial real estate
Financing Receivable, Past Due [Line Items]
Loans	$ 2,272,867	$ 2,286,154
% of Total Loans	0.4890	0.4927
Less: allowance for credit losses	$ (21,250)	$ (20,975)	(9,858)	(4,899)
Commercial
Financing Receivable, Past Due [Line Items]
Loans	$ 229,594	$ 229,939
% of Total Loans	0.0494	0.0495
Less: allowance for credit losses	$ (2,879)	$ (2,671)	(1,860)	(1,652)
Consumer
Financing Receivable, Past Due [Line Items]
Loans	$ 325,076	$ 328,896
% of Total Loans	0.0699	0.0709
Less: allowance for credit losses	$ (8,682)	$ (7,601)	$ (5,310)	$ (4,497)
Credit Cards
Financing Receivable, Past Due [Line Items]
Loans	$ 6,921	$ 6,583
% of Total Loans	0.0015	0.0014
Less: allowance for credit losses	$ (199)	$ (220)

Loans and Allowance for Credi_5

Loans and Allowance for Credit Losses (Nonaccrual Loans by Loan Class) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Nonaccrual loans:
Non-accrual with no allowance for credit loss	$ 1,907	$ 11,247
Non-accrual with an allowance for credit loss	10,869	1,537
Total Non-accruals	12,776	12,784
Interest income, non-accrual with no allowance for credit loss	187	399
Interest income, non-accrual with an allowance for credit loss	33	53
Interest income, total non-accruals	220	452
Non-accrual Delinquent Loans	5,837	6,504
Non-accrual Current Loans	6,939	6,280
Total Non-accruals	12,776	12,784
Construction
Nonaccrual loans:
Non-accrual with no allowance for credit loss	0	626
Non-accrual with an allowance for credit loss	476	0
Total Non-accruals	476	626
Non-accrual Delinquent Loans	210	221
Non-accrual Current Loans	266	405
Total Non-accruals	476	626
Residential real estate
Nonaccrual loans:
Non-accrual with no allowance for credit loss	4	5,865
Non-accrual with an allowance for credit loss	6,379	480
Total Non-accruals	6,383	6,345
Non-accrual Delinquent Loans	3,718	4,137
Non-accrual Current Loans	2,665	2,208
Total Non-accruals	6,383	6,345
Commercial real estate
Nonaccrual loans:
Non-accrual with no allowance for credit loss	0	4,364
Non-accrual with an allowance for credit loss	3,643	0
Total Non-accruals	3,643	4,364
Non-accrual Delinquent Loans	940	1,215
Non-accrual Current Loans	2,703	3,149
Total Non-accruals	3,643	4,364
Commercial
Nonaccrual loans:
Non-accrual with no allowance for credit loss	1,209	176
Non-accrual with an allowance for credit loss	147	368
Total Non-accruals	1,356	544
Non-accrual Delinquent Loans	51	28
Non-accrual Current Loans	1,305	516
Total Non-accruals	1,356	544
Consumer
Nonaccrual loans:
Non-accrual with no allowance for credit loss	694	216
Non-accrual with an allowance for credit loss	224	689
Total Non-accruals	918	905
Non-accrual Delinquent Loans	918	903
Non-accrual Current Loans	0	2
Total Non-accruals	$ 918	$ 905

Loans and Allowance for Credi_6

Loans and Allowance for Credit Losses (Loan Risk Ratings) (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Credit quality categories
Prior	$ 1,309,202		$ 1,059,173
2020 & 2019	451,553		277,491
2021 & 2020	827,943		461,213
2022 & 2021	1,095,619		837,657
2023 & 2022	676,061		1,107,579
2024 & 2023	87,006		670,765
Revolving Loans	187,380		201,381
Revolving Converted to Term Loans	13,961		25,751
Total	4,648,725		4,641,010
Current period gross charge-offs
Total gross charge-offs	(654)	$ (107)
Loans Evaluated By Performing Status
Credit quality categories
Prior	0		0
2020 & 2019	0		0
2021 & 2020	0		0
2022 & 2021	0		0
2023 & 2022	0		0
2024 & 2023	0		0
Revolving Loans	6,921		6,583
Revolving Converted to Term Loans	0		0
Total	6,921		6,583
Current period gross charge-offs
Gross charge-offs, prior	0		0
Gross charge-offs, 2020 & 2019	0		0
Gross charge-offs, 2021 & 2020	0		0
Gross charge-offs, 2022 & 2021	0		0
Gross charge-offs, 2023 & 2022	0		0
Gross charge-offs, 2024 & 2023	0		0
Revolving Loans	(116)		(111)
Revolving Converted to Term Loans	0		0
Total gross charge-offs	(116)		(111)
Total loans by risk category
Credit quality categories
Prior	1,309,202		1,059,173
2020 & 2019	451,553		277,491
2021 & 2020	827,943		461,213
2022 & 2021	1,095,619		837,657
2023 & 2022	676,061		1,107,579
2024 & 2023	87,006		670,765
Revolving Loans	180,459		194,798
Revolving Converted to Term Loans	13,961		25,751
Total	4,641,804		4,634,427
Current period gross charge-offs
Gross charge-offs, prior	(227)		(1,035)
Gross charge-offs, 2020 & 2019	0		0
Gross charge-offs, 2021 & 2020	(58)		(830)
Gross charge-offs, 2022 & 2021	(238)		(17)
Gross charge-offs, 2023 & 2022	0		(8)
Gross charge-offs, 2024 & 2023	(15)		(4)
Revolving Loans	0		(126)
Revolving Converted to Term Loans	0		(242)
Total gross charge-offs	(538)		(2,262)
Pass
Credit quality categories
Prior	1,287,450		1,035,412
2020 & 2019	450,994		274,768
2021 & 2020	821,430		460,644
2022 & 2021	1,088,489		830,594
2023 & 2022	674,056		1,101,448
2024 & 2023	87,006		670,765
Revolving Loans	177,893		192,565
Revolving Converted to Term Loans	13,891		25,296
Total	4,601,209		4,591,492
Special Mention
Credit quality categories
Prior	11,921		15,283
2020 & 2019	552		587
2021 & 2020	5,972		564
2022 & 2021	5,932		6,429
2023 & 2022	1,897		4,446
2024 & 2023	0		0
Revolving Loans	848		545
Revolving Converted to Term Loans	70		409
Total	27,192		28,263
Substandard
Credit quality categories
Prior	9,831		8,478
2020 & 2019	7		2,136
2021 & 2020	541		5
2022 & 2021	1,198		634
2023 & 2022	108		1,685
2024 & 2023	0		0
Revolving Loans	1,718		1,688
Revolving Converted to Term Loans	0		46
Total	13,403		14,672
Construction
Credit quality categories
Prior	38,187		23,649
2020 & 2019	14,343		15,721
2021 & 2020	25,261		14,773
2022 & 2021	88,208		34,337
2023 & 2022	112,241		101,844
2024 & 2023	12,386		100,620
Revolving Loans	7,890		8,056
Revolving Converted to Term Loans	617		0
Total	299,133		299,000
Current period gross charge-offs
Gross charge-offs, prior	0		0
Gross charge-offs, 2020 & 2019	0		0
Gross charge-offs, 2021 & 2020	(12)		0
Gross charge-offs, 2022 & 2021	0		0
Gross charge-offs, 2023 & 2022	0		0
Gross charge-offs, 2024 & 2023	0		0
Revolving Loans	0		0
Revolving Converted to Term Loans	0		0
Total gross charge-offs	(12)	0	0
Construction | Pass
Credit quality categories
Prior	38,125		23,450
2020 & 2019	14,343		15,721
2021 & 2020	25,261		14,773
2022 & 2021	87,793		34,325
2023 & 2022	112,241		101,426
2024 & 2023	12,386		100,620
Revolving Loans	7,890		8,056
Revolving Converted to Term Loans	617		0
Total	298,656		298,371
Construction | Substandard
Credit quality categories
Prior	62		199
2020 & 2019	0		0
2021 & 2020	0		0
2022 & 2021	415		12
2023 & 2022	0		418
2024 & 2023	0		0
Revolving Loans	0		0
Revolving Converted to Term Loans	0		0
Total	477		629
Residential real estate
Credit quality categories
Prior	377,177		323,682
2020 & 2019	103,384		54,643
2021 & 2020	251,330		105,833
2022 & 2021	400,047		251,772
2023 & 2022	238,040		392,378
2024 & 2023	23,294		239,914
Revolving Loans	108,982		121,342
Revolving Converted to Term Loans	12,880		874
Total	1,515,134		1,490,438
Current period gross charge-offs
Gross charge-offs, prior	(1)		0
Gross charge-offs, 2020 & 2019	0		0
Gross charge-offs, 2021 & 2020	0		0
Gross charge-offs, 2022 & 2021	0		0
Gross charge-offs, 2023 & 2022	0		0
Gross charge-offs, 2024 & 2023	0		0
Revolving Loans	0		(119)
Revolving Converted to Term Loans	0		0
Total gross charge-offs	(1)	0	(119)
Residential real estate | Pass
Credit quality categories
Prior	370,852		317,528
2020 & 2019	102,832		54,387
2021 & 2020	250,832		105,269
2022 & 2021	400,047		251,269
2023 & 2022	238,040		392,378
2024 & 2023	23,294		239,914
Revolving Loans	107,384		119,777
Revolving Converted to Term Loans	12,880		874
Total	1,506,161		1,481,396
Residential real estate | Special Mention
Credit quality categories
Prior	403		154
2020 & 2019	552		256
2021 & 2020	498		564
2022 & 2021	0		503
2023 & 2022	0		0
2024 & 2023	0		0
Revolving Loans	182		192
Revolving Converted to Term Loans	0		0
Total	1,635		1,669
Residential real estate | Substandard
Credit quality categories
Prior	5,922		6,000
2020 & 2019	0		0
2021 & 2020	0		0
2022 & 2021	0		0
2023 & 2022	0		0
2024 & 2023	0		0
Revolving Loans	1,416		1,373
Revolving Converted to Term Loans	0		0
Total	7,338		7,373
Commercial real estate
Credit quality categories
Prior	858,367		687,147
2020 & 2019	306,361		193,113
2021 & 2020	424,346		311,980
2022 & 2021	433,281		432,793
2023 & 2022	211,540		432,686
2024 & 2023	23,024		210,915
Revolving Loans	15,948		14,973
Revolving Converted to Term Loans	0		2,547
Total	2,272,867		2,286,154
Current period gross charge-offs
Gross charge-offs, prior	0		(512)
Gross charge-offs, 2020 & 2019	0		0
Gross charge-offs, 2021 & 2020	0		(814)
Gross charge-offs, 2022 & 2021	0		0
Gross charge-offs, 2023 & 2022	0		0
Gross charge-offs, 2024 & 2023	0		0
Revolving Loans	0		0
Revolving Converted to Term Loans	0		0
Total gross charge-offs	0	0	(1,326)
Commercial real estate | Pass
Credit quality categories
Prior	843,547		670,042
2020 & 2019	306,361		190,753
2021 & 2020	418,343		311,980
2022 & 2021	428,863		426,750
2023 & 2022	211,540		428,240
2024 & 2023	23,024		210,915
Revolving Loans	15,782		14,873
Revolving Converted to Term Loans	0		2,138
Total	2,247,460		2,255,691
Commercial real estate | Special Mention
Credit quality categories
Prior	11,383		14,986
2020 & 2019	0		331
2021 & 2020	5,474		0
2022 & 2021	4,418		5,501
2023 & 2022	0		4,446
2024 & 2023	0		0
Revolving Loans	166		100
Revolving Converted to Term Loans	0		409
Total	21,441		25,773
Commercial real estate | Substandard
Credit quality categories
Prior	3,437		2,119
2020 & 2019	0		2,029
2021 & 2020	529		0
2022 & 2021	0		542
2023 & 2022	0		0
2024 & 2023	0		0
Revolving Loans	0		0
Revolving Converted to Term Loans	0		0
Total	3,966		4,690
Commercial
Credit quality categories
Prior	34,108		24,074
2020 & 2019	14,629		13,015
2021 & 2020	55,492		14,464
2022 & 2021	36,541		42,046
2023 & 2022	30,484		36,384
2024 & 2023	10,915		27,901
Revolving Loans	46,961		49,725
Revolving Converted to Term Loans	464		22,330
Total	229,594		229,939
Current period gross charge-offs
Gross charge-offs, prior	0		(1)
Gross charge-offs, 2020 & 2019	0		0
Gross charge-offs, 2021 & 2020	0
Gross charge-offs, 2022 & 2021	0		0
Gross charge-offs, 2023 & 2022	0		0
Gross charge-offs, 2024 & 2023	0		0
Revolving Loans	0		0
Revolving Converted to Term Loans	0		(242)
Total gross charge-offs	0	(107)	(243)
Commercial | Pass
Credit quality categories
Prior	33,571		23,771
2020 & 2019	14,629		12,946
2021 & 2020	55,492		14,464
2022 & 2021	35,027		41,621
2023 & 2022	29,904		35,897
2024 & 2023	10,915		27,901
Revolving Loans	46,160		49,160
Revolving Converted to Term Loans	394		22,284
Total	226,092		228,044
Commercial | Special Mention
Credit quality categories
Prior	135		143
2020 & 2019	0		0
2021 & 2020	0		0
2022 & 2021	1,514		425
2023 & 2022	580		0
2024 & 2023	0		0
Revolving Loans	500		251
Revolving Converted to Term Loans	70		0
Total	2,799		819
Commercial | Substandard
Credit quality categories
Prior	402		160
2020 & 2019	0		69
2021 & 2020	0		0
2022 & 2021	0		0
2023 & 2022	0		487
2024 & 2023	0		0
Revolving Loans	301		314
Revolving Converted to Term Loans	0		46
Total	703		1,076
Consumer
Credit quality categories
Prior	1,363		621
2020 & 2019	12,836		999
2021 & 2020	71,514		14,163
2022 & 2021	137,542		76,709
2023 & 2022	83,756		144,287
2024 & 2023	17,387		91,415
Revolving Loans	678		702
Revolving Converted to Term Loans	0		0
Total	325,076		328,896
Current period gross charge-offs
Gross charge-offs, prior	(226)		(522)
Gross charge-offs, 2020 & 2019	0		0
Gross charge-offs, 2021 & 2020	(46)		(16)
Gross charge-offs, 2022 & 2021	(238)		(17)
Gross charge-offs, 2023 & 2022	0		(8)
Gross charge-offs, 2024 & 2023	(15)		(4)
Revolving Loans	0		(7)
Revolving Converted to Term Loans			0
Total gross charge-offs	(525)	$ 0	(574)
Consumer | Pass
Credit quality categories
Prior	1,355		621
2020 & 2019	12,829		961
2021 & 2020	71,502		14,158
2022 & 2021	136,759		76,629
2023 & 2022	82,331		143,507
2024 & 2023	17,387		91,415
Revolving Loans	677		699
Revolving Converted to Term Loans	0		0
Total	322,840		327,990
Consumer | Special Mention
Credit quality categories
Prior	0		0
2020 & 2019	0		0
2021 & 2020	0		0
2022 & 2021	0		0
2023 & 2022	1,317		0
2024 & 2023	0		0
Revolving Loans	0		2
Revolving Converted to Term Loans	0		0
Total	1,317		2
Consumer | Substandard
Credit quality categories
Prior	8		0
2020 & 2019	7		38
2021 & 2020	12		5
2022 & 2021	783		80
2023 & 2022	108		780
2024 & 2023	0		0
Revolving Loans	1		1
Revolving Converted to Term Loans	0		0
Total	919		904
Credit Cards
Credit quality categories
Prior	0		0
2020 & 2019	0		0
2021 & 2020	0		0
2022 & 2021	0		0
2023 & 2022	0		0
2024 & 2023	0		0
Revolving Loans	6,921		6,583
Revolving Converted to Term Loans	0		0
Total	6,921		6,583
Current period gross charge-offs
Gross charge-offs, prior	0		0
Gross charge-offs, 2020 & 2019	0		0
Gross charge-offs, 2021 & 2020	0		0
Gross charge-offs, 2022 & 2021	0		0
Gross charge-offs, 2023 & 2022	0		0
Gross charge-offs, 2024 & 2023	0		0
Revolving Loans	(116)		(111)
Revolving Converted to Term Loans	0		0
Total gross charge-offs	(116)		(111)
Credit Cards | Performing
Credit quality categories
Prior	0		0
2020 & 2019	0		0
2021 & 2020	0		0
2022 & 2021	0		0
2023 & 2022	0		0
2024 & 2023	0		0
Revolving Loans	6,921		6,583
Revolving Converted to Term Loans	0		0
Total	$ 6,921		$ 6,583

Loans and Allowance for Credi_7

Loans and Allowance for Credit Losses (Aging of Past Due Financing Receivables) (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Loans	$ 4,648,725	$ 4,641,010
Percent of total loans, total loans	100%	100%
Loans, at fair value	$ 9,684	$ 9,944
Current
Financing Receivable, Past Due [Line Items]
Loans	4,626,050	4,618,122
Non-accrual Current Loans	$ 6,939	$ 6,280
Percent of total loans, accrual	0.9951	0.9950
Percent of total loans, nonaccrual	0.15%	0.13%
Total past due
Financing Receivable, Past Due [Line Items]
Loans	$ 15,736	$ 16,608
Percent of total loans, total past due	0.34%	0.37%
30‑59 days past due
Financing Receivable, Past Due [Line Items]
Loans	$ 7,758	$ 7,662
Percent of total loans, total past due	0.17%	0.17%
60‑89 days past due
Financing Receivable, Past Due [Line Items]
Loans	$ 581	$ 1,698
Percent of total loans, total past due	0.01%	0.04%
30-89 days past due and not accruing
Financing Receivable, Past Due [Line Items]
Loans	$ 747	$ 1,493
Percent of total loans, total past due	0.02%	0.03%
90 days past due and still accruing
Financing Receivable, Past Due [Line Items]
Loans	$ 1,560	$ 738
Percent of total loans, total past due	0.03%	0.02%
90 days past due and not accruing
Financing Receivable, Past Due [Line Items]
Loans	$ 5,090	$ 5,017
Percent of total loans, total past due	0.11%	0.11%
Construction
Financing Receivable, Past Due [Line Items]
Loans	$ 299,133	$ 299,000
Construction | Current
Financing Receivable, Past Due [Line Items]
Loans	298,657	296,456
Non-accrual Current Loans	266	405
Construction | Total past due
Financing Receivable, Past Due [Line Items]
Loans	210	2,139
Construction | 30‑59 days past due
Financing Receivable, Past Due [Line Items]
Loans	0	1,919
Construction | 60‑89 days past due
Financing Receivable, Past Due [Line Items]
Loans	0	0
Construction | 30-89 days past due and not accruing
Financing Receivable, Past Due [Line Items]
Loans	0	0
Construction | 90 days past due and still accruing
Financing Receivable, Past Due [Line Items]
Loans	0	0
Construction | 90 days past due and not accruing
Financing Receivable, Past Due [Line Items]
Loans	210	220
Residential real estate
Financing Receivable, Past Due [Line Items]
Loans	1,515,134	1,490,438
Residential real estate | Current
Financing Receivable, Past Due [Line Items]
Loans	1,505,322	1,481,294
Non-accrual Current Loans	2,665	2,208
Residential real estate | Total past due
Financing Receivable, Past Due [Line Items]
Loans	7,147	6,936
Residential real estate | 30‑59 days past due
Financing Receivable, Past Due [Line Items]
Loans	2,930	2,420
Residential real estate | 60‑89 days past due
Financing Receivable, Past Due [Line Items]
Loans	354	271
Residential real estate | 30-89 days past due and not accruing
Financing Receivable, Past Due [Line Items]
Loans	723	1,469
Residential real estate | 90 days past due and still accruing
Financing Receivable, Past Due [Line Items]
Loans	145	108
Residential real estate | 90 days past due and not accruing
Financing Receivable, Past Due [Line Items]
Loans	2,995	2,668
Commercial real estate
Financing Receivable, Past Due [Line Items]
Loans	2,272,867	2,286,154
Commercial real estate | Current
Financing Receivable, Past Due [Line Items]
Loans	2,268,791	2,281,767
Non-accrual Current Loans	2,703	3,149
Commercial real estate | Total past due
Financing Receivable, Past Due [Line Items]
Loans	1,373	1,238
Commercial real estate | 30‑59 days past due
Financing Receivable, Past Due [Line Items]
Loans	433	16
Commercial real estate | 60‑89 days past due
Financing Receivable, Past Due [Line Items]
Loans	0	0
Commercial real estate | 30-89 days past due and not accruing
Financing Receivable, Past Due [Line Items]
Loans	0	0
Commercial real estate | 90 days past due and still accruing
Financing Receivable, Past Due [Line Items]
Loans	0	0
Commercial real estate | 90 days past due and not accruing
Financing Receivable, Past Due [Line Items]
Loans	940	1,222
Commercial
Financing Receivable, Past Due [Line Items]
Loans	229,594	229,939
Commercial | Current
Financing Receivable, Past Due [Line Items]
Loans	226,101	228,859
Non-accrual Current Loans	1,305	516
Commercial | Total past due
Financing Receivable, Past Due [Line Items]
Loans	2,188	564
Commercial | 30‑59 days past due
Financing Receivable, Past Due [Line Items]
Loans	2,137	48
Commercial | 60‑89 days past due
Financing Receivable, Past Due [Line Items]
Loans	0	0
Commercial | 30-89 days past due and not accruing
Financing Receivable, Past Due [Line Items]
Loans	0	0
Commercial | 90 days past due and still accruing
Financing Receivable, Past Due [Line Items]
Loans	0	488
Commercial | 90 days past due and not accruing
Financing Receivable, Past Due [Line Items]
Loans	51	28
Consumer
Financing Receivable, Past Due [Line Items]
Loans	325,076	328,896
Consumer | Current
Financing Receivable, Past Due [Line Items]
Loans	320,503	323,376
Non-accrual Current Loans	0	2
Consumer | Total past due
Financing Receivable, Past Due [Line Items]
Loans	4,573	5,518
Consumer | 30‑59 days past due
Financing Receivable, Past Due [Line Items]
Loans	2,200	3,224
Consumer | 60‑89 days past due
Financing Receivable, Past Due [Line Items]
Loans	138	1,391
Consumer | 30-89 days past due and not accruing
Financing Receivable, Past Due [Line Items]
Loans	24	24
Consumer | 90 days past due and still accruing
Financing Receivable, Past Due [Line Items]
Loans	1,317	0
Consumer | 90 days past due and not accruing
Financing Receivable, Past Due [Line Items]
Loans	894	879
Credit Cards
Financing Receivable, Past Due [Line Items]
Loans	6,921	6,583
Credit Cards | Current
Financing Receivable, Past Due [Line Items]
Loans	6,676	6,370
Non-accrual Current Loans	0	0
Credit Cards | Total past due
Financing Receivable, Past Due [Line Items]
Loans	245	213
Credit Cards | 30‑59 days past due
Financing Receivable, Past Due [Line Items]
Loans	58	35
Credit Cards | 60‑89 days past due
Financing Receivable, Past Due [Line Items]
Loans	89	36
Credit Cards | 30-89 days past due and not accruing
Financing Receivable, Past Due [Line Items]
Loans	0	0
Credit Cards | 90 days past due and still accruing
Financing Receivable, Past Due [Line Items]
Loans	98	142
Credit Cards | 90 days past due and not accruing
Financing Receivable, Past Due [Line Items]
Loans	$ 0	$ 0

Loans and Allowance for Credi_8

Loans and Allowance for Credit Losses (Allowance for Credit Losses on Financing Receivables) (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance	$ 57,351	$ 16,643	$ 16,643
Total gross charge-offs	(654)	(107)
Recoveries	89	87
Net (charge-offs) recoveries	(565)	(20)
Provisions	550	1,050
Ending Balance	57,336	28,464	57,351
Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance		10,791	10,791
Construction
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance	3,935	2,973	2,973
Total gross charge-offs	(12)	0	0
Recoveries	2	3
Net (charge-offs) recoveries	(10)	3
Provisions	(367)	(1,509)
Ending Balance	3,558	2,689	3,935
Construction | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance		1,222	1,222
Residential real estate
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance	21,949	2,622	2,622
Total gross charge-offs	(1)	0	(119)
Recoveries	2	31
Net (charge-offs) recoveries	1	31
Provisions	(1,182)	1,120
Ending Balance	20,768	8,747	21,949
Residential real estate | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance		4,974	4,974
Commercial real estate
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance	20,975	4,899	4,899
Total gross charge-offs	0	0	(1,326)
Recoveries	0	0
Net (charge-offs) recoveries	0	0
Provisions	275	1,217
Ending Balance	21,250	9,858	20,975
Commercial real estate | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance		3,742	3,742
Commercial
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance	2,671	1,652	1,652
Total gross charge-offs	0	(107)	(243)
Recoveries	1	53
Net (charge-offs) recoveries	1	(54)
Provisions	207	(139)
Ending Balance	2,879	1,860	2,671
Commercial | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance		401	401
Consumer
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance	7,601	4,497	4,497
Total gross charge-offs	(525)	0	(574)
Recoveries	76	0
Net (charge-offs) recoveries	(449)	0
Provisions	1,530	361
Ending Balance	8,682	5,310	7,601
Consumer | Consumer Loans, Demand Deposit Overdrafts
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Total gross charge-offs	(200)
Consumer | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance		$ 452	452
Credit Cards
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance	220
Total gross charge-offs	(116)		(111)
Recoveries	8
Net (charge-offs) recoveries	(108)
Provisions	87
Ending Balance	$ 199		$ 220

Loans and Allowance for Credi_9

Loans and Allowance for Credit Losses (Schedule of Collateral-Dependent Loans) (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Loan Receivables:
Loans, net	$ 4,591,389	$ 4,583,659
Real Estate Collateral
Loan Receivables:
Loans, net	24,946	14,843
Other Collateral
Loan Receivables:
Loans, net	1,651	2,010
Total
Loan Receivables:
Loans, net	26,597	16,853
Construction | Real Estate Collateral
Loan Receivables:
Loans, net	477	662
Construction | Other Collateral
Loan Receivables:
Loans, net	0	0
Construction | Total
Loan Receivables:
Loans, net	477	662
Residential real estate | Real Estate Collateral
Loan Receivables:
Loans, net	19,272	8,047
Residential real estate | Other Collateral
Loan Receivables:
Loans, net	0	0
Residential real estate | Total
Loan Receivables:
Loans, net	19,272	8,047
Commercial real estate | Real Estate Collateral
Loan Receivables:
Loans, net	5,197	6,134
Commercial real estate | Other Collateral
Loan Receivables:
Loans, net	0	0
Commercial real estate | Total
Loan Receivables:
Loans, net	5,197	6,134
Commercial | Real Estate Collateral
Loan Receivables:
Loans, net	0	0
Commercial | Other Collateral
Loan Receivables:
Loans, net	733	1,106
Commercial | Total
Loan Receivables:
Loans, net	733	1,106
Consumer | Real Estate Collateral
Loan Receivables:
Loans, net	0	0
Consumer | Other Collateral
Loan Receivables:
Loans, net	918	904
Consumer | Total
Loan Receivables:
Loans, net	$ 918	$ 904

Loans and Allowance for Cred_10

Loans and Allowance for Credit Losses (Summary of Loan Modifications) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Loan Receivables:
Modifications	$ 349	$ 0
Financing receivable, excluding accrued interest, modified in period, percentage to total receivables	0.01%
Term Extension
Loan Receivables:
Modifications	$ 349
Interest Rate Reduction
Loan Receivables:
Modifications	0
Payment Delay and Term Extension
Loan Receivables:
Modifications	0
Term Extension and Interest Rate Reduction
Loan Receivables:
Modifications	0
Payment Delay
Loan Receivables:
Modifications	0
Construction
Loan Receivables:
Modifications	$ 0
Financing receivable, excluding accrued interest, modified in period, percentage to total receivables	0%
Construction | Term Extension
Loan Receivables:
Modifications	$ 0
Construction | Interest Rate Reduction
Loan Receivables:
Modifications	0
Construction | Payment Delay and Term Extension
Loan Receivables:
Modifications	0
Construction | Term Extension and Interest Rate Reduction
Loan Receivables:
Modifications	0
Construction | Payment Delay
Loan Receivables:
Modifications	0
Residential real estate
Loan Receivables:
Modifications	$ 0
Financing receivable, excluding accrued interest, modified in period, percentage to total receivables	0%
Residential real estate | Term Extension
Loan Receivables:
Modifications	$ 0
Residential real estate | Interest Rate Reduction
Loan Receivables:
Modifications	0
Residential real estate | Payment Delay and Term Extension
Loan Receivables:
Modifications	0
Residential real estate | Term Extension and Interest Rate Reduction
Loan Receivables:
Modifications	0
Residential real estate | Payment Delay
Loan Receivables:
Modifications	0
Residential rentals
Loan Receivables:
Modifications	$ 0
Financing receivable, excluding accrued interest, modified in period, percentage to total receivables	0%
Residential rentals | Term Extension
Loan Receivables:
Modifications	$ 0
Residential rentals | Interest Rate Reduction
Loan Receivables:
Modifications	0
Residential rentals | Payment Delay and Term Extension
Loan Receivables:
Modifications	0
Residential rentals | Term Extension and Interest Rate Reduction
Loan Receivables:
Modifications	0
Residential rentals | Payment Delay
Loan Receivables:
Modifications	$ 0
Commercial real estate
Loan Receivables:
Modification term	3 months
Modifications	$ 117
Financing receivable, excluding accrued interest, modified in period, percentage to total receivables	0.01%
Commercial real estate | Term Extension
Loan Receivables:
Modifications	$ 117
Commercial real estate | Interest Rate Reduction
Loan Receivables:
Modifications	0
Commercial real estate | Payment Delay and Term Extension
Loan Receivables:
Modifications	0
Commercial real estate | Term Extension and Interest Rate Reduction
Loan Receivables:
Modifications	0
Commercial real estate | Payment Delay
Loan Receivables:
Modifications	$ 0
Commercial
Loan Receivables:
Modification term	3 months
Modifications	$ 232
Financing receivable, excluding accrued interest, modified in period, percentage to total receivables	0.10%
Commercial | Term Extension
Loan Receivables:
Modifications	$ 232
Commercial | Interest Rate Reduction
Loan Receivables:
Modifications	0
Commercial | Payment Delay and Term Extension
Loan Receivables:
Modifications	0
Commercial | Term Extension and Interest Rate Reduction
Loan Receivables:
Modifications	0
Commercial | Payment Delay
Loan Receivables:
Modifications	0
Consumer
Loan Receivables:
Modifications	$ 0
Financing receivable, excluding accrued interest, modified in period, percentage to total receivables	0%
Consumer | Term Extension
Loan Receivables:
Modifications	$ 0
Consumer | Interest Rate Reduction
Loan Receivables:
Modifications	0
Consumer | Payment Delay and Term Extension
Loan Receivables:
Modifications	0
Consumer | Term Extension and Interest Rate Reduction
Loan Receivables:
Modifications	0
Consumer | Payment Delay
Loan Receivables:
Modifications	0
Credit Cards
Loan Receivables:
Modifications	$ 0
Financing receivable, excluding accrued interest, modified in period, percentage to total receivables	0%
Credit Cards | Term Extension
Loan Receivables:
Modifications	$ 0
Credit Cards | Interest Rate Reduction
Loan Receivables:
Modifications	0
Credit Cards | Payment Delay and Term Extension
Loan Receivables:
Modifications	0
Credit Cards | Term Extension and Interest Rate Reduction
Loan Receivables:
Modifications	0
Credit Cards | Payment Delay
Loan Receivables:
Modifications	$ 0

Loans and Allowance for Cred_11

Loans and Allowance for Credit Losses (Summary of Loan Modifications Made to Borrowers Experiencing Financial Difficulty) (Details)	3 Months Ended
	Mar. 31, 2024
Commercial real estate
Loan Receivables:
Weighted-Average Months of Term Extension	12 months
Commercial
Loan Receivables:
Weighted-Average Months of Term Extension	12 months

Loans and Allowance for Cred_12

Loans and Allowance for Credit Losses (Summary of Aging Analysis of Loan Modifications) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	$ 349	$ 0
Financing receivable, excluding accrued interest, non-accrual, modified in period, amount	349
30‑59 days past due
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0
60‑89 days past due
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0
90 days past due and still accruing
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0
90 days past due and not accruing
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0
Total past due
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0
Current
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0
Construction
Loan Receivables:
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
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0
Construction | 60‑89 days past due
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0
Construction | 90 days past due and still accruing
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0
Construction | 90 days past due and not accruing
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0
Construction | Total past due
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0
Construction | Current
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0
Residential real estate
Loan Receivables:
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
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0
Residential real estate | 60‑89 days past due
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0
Residential real estate | 90 days past due and still accruing
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0
Residential real estate | 90 days past due and not accruing
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0
Residential real estate | Total past due
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0
Residential real estate | Current
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0
Commercial real estate
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	117
Financing receivable, excluding accrued interest, non-accrual, modified in period, amount	117
Commercial real estate | 30‑59 days past due
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0
Commercial real estate | 60‑89 days past due
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0
Commercial real estate | 90 days past due and still accruing
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0
Commercial real estate | 90 days past due and not accruing
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0
Commercial real estate | Total past due
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0
Commercial real estate | Current
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0
Commercial
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	232
Financing receivable, excluding accrued interest, non-accrual, modified in period, amount	232
Commercial | 30‑59 days past due
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0
Commercial | 60‑89 days past due
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0
Commercial | 90 days past due and still accruing
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0
Commercial | 90 days past due and not accruing
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0
Commercial | Total past due
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0
Commercial | Current
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0
Consumer
Loan Receivables:
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
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0
Consumer | 60‑89 days past due
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0
Consumer | 90 days past due and still accruing
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0
Consumer | 90 days past due and not accruing
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0
Consumer | Total past due
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0
Consumer | Current
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0
Credit Cards
Loan Receivables:
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
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0
Credit Cards | 60‑89 days past due
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0
Credit Cards | 90 days past due and still accruing
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0
Credit Cards | 90 days past due and not accruing
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0
Credit Cards | Total past due
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0
Credit Cards | Current
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	$ 0

Goodwill and Other Intangible_2

Goodwill and Other Intangibles (Schedule of Components of Goodwill and Other Acquired Intangible Assets) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Gross Carrying Amount	$ 65,476	$ 65,476
Additions	0	0
Accumulated Impairment Charges	(1,543)	(1,543)
Goodwill, Impaired, Accumulated Amortization	(667)	(667)
Net Carrying Amount	63,266	63,266
Goodwill and Intangible Assets [Line Items]
Gross Carrying Amount	59,151	10,503
Additions	0	48,648
Accumulated Impairment Charges	0	0
Accumulated Amortization	(13,636)	(11,061)
Net Carrying Amount	45,515	48,090
Core deposit intangible
Goodwill and Intangible Assets [Line Items]
Gross Carrying Amount	59,151	10,503
Additions	0	48,648
Accumulated Impairment Charges	0	0
Accumulated Amortization	(13,636)	(11,061)
Net Carrying Amount	$ 45,515	$ 48,090
Weighted Average Remaining Life (in years)	3 years 8 months 12 days	3 years 8 months 12 days

Goodwill and Other Intangible_3

Goodwill and Other Intangibles (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of other intangible assets	$ 2,576	$ 441

Goodwill and Other Intangible_4

Goodwill and Other Intangibles (Future Amortization Expense for Amortizable Other Intangible Assets) (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
2024	$ 7,204
2025	8,589
2026	7,398
2027	6,208
2028	5,060
Thereafter	11,056
Total amortizing intangible assets	$ 45,515	$ 48,090

Leases (Lease Information) (Det

Leases (Lease Information) (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Lessee, Lease, Description [Line Items]
Lease liabilities	$ 12,552	$ 12,857
Right-of-use assets	$ 12,153	$ 12,487
Weighted average remaining lease term	10 years 8 months 19 days	10 years 10 months 17 days
Weighted average discount rate	3.24%	3.24%
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease term	1 month 20 days	4 months 20 days
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease term	17 years 5 months 4 days	17 years 8 months 4 days

Leases (Lease Cost) (Details)

Leases (Lease Cost) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Leases [Abstract]
Operating lease cost	$ 492	$ 340
Total lease cost	492	340
Cash paid for amounts included in the measurement of lease liabilities	$ 462	$ 322

Leases (Lease Payments Due) (De

Leases (Lease Payments Due) (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Leases [Abstract]
Nine months ending December 31, 2024	$ 1,347
2025	1,642
2026	1,600
2027	1,472
2028	1,419
Thereafter	7,261
Total undiscounted cash flows	14,741
Discount	2,189
Lease liabilities	$ 12,552	$ 12,857

Leases (Narrative) (Details)

Leases (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Leases [Abstract]
Gross rental income	$ 0.3	$ 0.4
Lessee, Operating Lease, Option to Extend	TRUE

Leases (Minimum Future Annual R

Leases (Minimum Future Annual Rental Income) (Details) $ in Thousands	Mar. 31, 2024 USD ($)
Minimum Future Annual Rental Income
Nine months ending December 31, 2024	$ 635
2025	854
2026	876
2027	562
2028	578
Thereafter	2,438
Total	$ 5,943

Deposits (Summary of Deposits)

Deposits (Summary of Deposits) (Details) $ in Thousands	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Deposits [Abstract]
Noninterest-bearing demand	$ 1,200,680	$ 1,258,037
Noninterest-bearing demand, percentage	0.2315	0.2336
Balance
Demand	$ 1,101,954	$ 1,165,546
Money market deposits	1,358,205	1,430,603
Savings	354,098	347,324
Certificates of deposit	1,169,342	1,184,610
Total interest-bearing	$ 3,983,599	$ 4,128,083
%
Demand	21.26%	21.64%
Money market deposits	26.20%	26.56%
Savings	6.83%	6.45%
Certificates of deposit	22.56%	21.99%
Total interest-bearing	76.85%	76.64%
Total deposits	$ 5,184,279	$ 5,386,120
Percentage of Total Deposits	1	1

Deposits (Schedule of Contractu

Deposits (Schedule of Contractual Maturities of Certificates of Deposit) (Details) $ in Thousands	Mar. 31, 2024 USD ($)
Deposits [Abstract]
Within one year	$ 1,023,551
Year 2	111,651
Year 3	16,812
Year 4	11,048
Year 5	6,276
Thereafter	4
Total	$ 1,169,342

Deposits (Narrative) (Details)

Deposits (Narrative) (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Deposits [Abstract]
Aggregate amount of deposits that exceed the FDIC insurance limit	$ 371	$ 354.6

Borrowings (Schedule of Long-Te

Borrowings (Schedule of Long-Term Debt) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Less net discount and unamortized issuance costs	$ (4,560)	$ (4,822)
Total long-term debt	72,559	72,297
Subordinated Debt
Debt Instrument [Line Items]
Long-term debt, gross	44,500	44,500
Trust Preferred Securities
Debt Instrument [Line Items]
Long-term debt, gross	32,619	32,619
September 2030 Subordinated Debentures | Subordinated Debt
Debt Instrument [Line Items]
Long-term debt, gross	$ 25,000	25,000
Interest Rate	5.375%
Total long-term debt	$ 24,800
September 2030 Subordinated Debentures | Subordinated Debt | Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Interest Rate	5.265%
October 2030 Subordinated Debentures | Subordinated Debt
Debt Instrument [Line Items]
Long-term debt, gross	$ 19,500	19,500
Interest Rate	4.75%
Total long-term debt	$ 18,500
October 2030 Subordinated Debentures | Subordinated Debt | Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Interest Rate	4.58%
Severn Capital Trust I | Trust Preferred Securities
Debt Instrument [Line Items]
Long-term debt, gross	$ 20,619	20,619
Severn Capital Trust I | Trust Preferred Securities | Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Interest Rate	2%
Tri-County Capital Trust I | Subordinated Debt
Debt Instrument [Line Items]
Total long-term debt	$ 6,400
Tri-County Capital Trust I | Trust Preferred Securities
Debt Instrument [Line Items]
Long-term debt, gross	$ 7,000	7,000
Tri-County Capital Trust I | Trust Preferred Securities | Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Interest Rate	2.60%
Tri-County Capital Trust II | Subordinated Debt
Debt Instrument [Line Items]
Total long-term debt	$ 4,200
Tri-County Capital Trust II | Trust Preferred Securities
Debt Instrument [Line Items]
Long-term debt, gross	$ 5,000	$ 5,000
Tri-County Capital Trust II | Trust Preferred Securities | Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Interest Rate	1.70%

Borrowings (Narrative) (Details

Borrowings (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Recorded balance of subordinated debt	$ 72,559	$ 72,297
Subordinated Debt
Debt Instrument [Line Items]
Long-term debt, gross	44,500	44,500
Subordinated Debt | Severn Bancorp, Inc.
Debt Instrument [Line Items]
Recorded balance of subordinated debt	18,600
Unamortized fair value adjustment	2,000
Trust Preferred Securities
Debt Instrument [Line Items]
Long-term debt, gross	32,619	32,619
September 2030 Subordinated Debentures | Subordinated Debt
Debt Instrument [Line Items]
Long-term debt, gross	25,000	25,000
Recorded balance of subordinated debt	24,800
October 2030 Subordinated Debentures | Subordinated Debt
Debt Instrument [Line Items]
Long-term debt, gross	19,500	19,500
Recorded balance of subordinated debt	18,500
Severn Capital Trust I | Trust Preferred Securities
Debt Instrument [Line Items]
Long-term debt, gross	20,619	20,619
Tri-County Capital Trust I | Subordinated Debt
Debt Instrument [Line Items]
Recorded balance of subordinated debt	6,400
Unamortized fair value adjustment	600
Tri-County Capital Trust I | Trust Preferred Securities
Debt Instrument [Line Items]
Long-term debt, gross	7,000	7,000
Tri-County Capital Trust II | Subordinated Debt
Debt Instrument [Line Items]
Recorded balance of subordinated debt	4,200
Unamortized fair value adjustment	800
Tri-County Capital Trust II | Trust Preferred Securities
Debt Instrument [Line Items]
Long-term debt, gross	$ 5,000	$ 5,000

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Performance cycle period	3 years
Equity Plan 2016 | Stock Appreciation Rights (SARs)
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Award expiration	10 years
Equity Plan 2016 | Restricted Stock
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Transferred (in shares)	3,977
Other than options, vested, fair value	$ 0.3	$ 0.5
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)	401,868
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
Other than options, vested, fair value	$ 0.4	$ 0
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 | Performance Stock Units
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 | Performance Stock Units
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	5 years

Stock-Based Compensation (Sched

Stock-Based Compensation (Schedule of Stock-Based Compensation, RS and RSU Award Activity) (Details) - Equity Plan 2016	3 Months Ended
	Mar. 31, 2024 $ / shares shares
Restricted Stock
Number of Shares
Nonvested at beginning of period (in shares)	45,322
Transferred (in shares)	3,977
Granted (in shares)	5,326
Vested (in shares)	(26,717)
Forfeited (in shares)	0
Nonvested at end of period (in shares)	23,931
Weighted Average Grant Date Fair Value
Nonvested at beginning of period (in dollars per share) | $ / shares	$ 15.42
Granted (in dollars per share) | $ / shares	13.14
Vested (in dollars per share) | $ / shares	17.30
Forfeited (in dollars per share) | $ / shares	0
Nonvested at end of period (in dollars per share) | $ / shares	$ 12.81
Restricted Stock Units (RSUs)
Number of Shares
Nonvested at beginning of period (in shares)	165,055
Transferred (in shares)	90,783
Granted (in shares)	53,279
Vested (in shares)	(32,763)
Forfeited (in shares)	(982)
Nonvested at end of period (in shares)	184,589
Weighted Average Grant Date Fair Value
Nonvested at beginning of period (in dollars per share) | $ / shares	$ 11.56
Transferred (in dollars per share) | $ / shares	11.56
Granted (in dollars per share) | $ / shares	11.31
Vested (in dollars per share) | $ / shares	11.56
Forfeited (in dollars per share) | $ / shares	11.56
Nonvested at end of period (in dollars per share) | $ / shares	$ 11.49
Performance Stock Units
Number of Shares
Nonvested at beginning of period (in shares)	0
Granted (in shares)	43,651
Vested (in shares)	0
Forfeited (in shares)	0
Nonvested at end of period (in shares)	43,651
Weighted Average Grant Date Fair Value
Nonvested at beginning of period (in dollars per share) | $ / shares	$ 0
Granted (in dollars per share) | $ / shares	11.32
Vested (in dollars per share) | $ / shares	0
Forfeited (in dollars per share) | $ / shares	0
Nonvested at end of period (in dollars per share) | $ / shares	$ 11.32

Derivatives (Narrative) (Detail

Derivatives (Narrative) (Details) - IRLCs	3 Months Ended
	Mar. 31, 2024
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	Mar. 31, 2024	Dec. 31, 2023
IRLCs
Derivatives, Fair Value [Line Items]
Derivative asset, notional amount	$ 15,188	$ 6,785
Derivative asset, estimated fair value	233	110
Derivative liability, notional amount	198	0
Derivative liability, estimated fair value	1	0
TBA forward trades
Derivatives, Fair Value [Line Items]
Derivative asset, notional amount	4,750	1,000
Derivative asset, estimated fair value	10	2
Derivative liability, notional amount	19,750	18,000
Derivative liability, estimated fair value	$ 108	$ 176

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) (Schedule of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 511,135	$ 364,285
Other comprehensive income (loss)	(564)	860
Ending balance	515,228	361,638
Net Unrealized (Losses)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(7,494)	(9,021)
Other comprehensive income (loss)	(564)	860
Ending balance	$ (8,058)	$ (8,161)

Regulatory Capital (Details)

Regulatory Capital (Details) $ in Thousands	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Regulatory Capital Requirements under Banking Regulations [Abstract]
Capital adequacy, minimum, common equity Tier 1	0.0700
Capital adequacy, minimum, Tier 1 risk-based capital	0.0850
Capital adequacy, minimum, total risk-based capital	0.1050
Capital adequacy, minimum, leverage ratios	0.0400
Well capitalized, minimum, common equity Tier 1	0.0650
Well capitalized, minimum, Tier 1 risk-based capital	0.0800
Well capitalized, minimum, total risk-based capital	0.1000
Well capitalized, minimum, leverage ratios	0.0500
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Common equity	$ 515,228	$ 511,135	$ 361,638	$ 364,285
Goodwill	(61,523)	(63,266)
Core deposit intangible	(34,235)	(38,069)
DTAs that arise from net operating loss and tax credit carry forwards	(5,858)	(8,977)
AOCI losses	8,058	7,494
Common Equity Tier 1 Capital	421,670	408,317
TRUPs	29,237	29,158
Tier 1 Capital	450,907	437,475
Allowable reserve for credit losses and other Tier 2 adjustments	58,428	58,586
Subordinated debt, net	43,322	43,139
Tier 2 Capital	552,657	539,200
Risk-Weighted Assets ("RWA")	4,729,930	4,697,504
Average Assets ("AA")	$ 5,684,150	$ 5,649,116
Common Tier 1 Capital to RWA	0.0700
Common Tier 1 Capital to RWA	0.0891	0.0869
Tier 1 Capital to RWA	0.0850
Tier 1 Capital to RWA	0.0953	0.0931
Tier 2 Capital to RWA	0.1050
Tier 2 Capital to RWA	0.1168	0.1148
Tier 1 Capital to AA (Leverage) (2)	0.0793	0.0774
The Bank
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Common equity	$ 579,520	$ 570,100
Goodwill	(61,523)	(63,266)
Core deposit intangible	(34,235)	(38,069)
DTAs that arise from net operating loss and tax credit carry forwards	(4,326)	(6,059)
AOCI losses	8,058	7,494
Common Equity Tier 1 Capital	487,494	470,200
TRUPs	0	0
Tier 1 Capital	487,494	470,200
Allowable reserve for credit losses and other Tier 2 adjustments	58,428	58,586
Subordinated debt, net	0	0
Tier 2 Capital	545,922	528,786
Risk-Weighted Assets ("RWA")	4,723,872	4,693,009
Average Assets ("AA")	$ 5,679,282	$ 5,644,930
Common Tier 1 Capital to RWA	0.1032	0.1002
Tier 1 Capital to RWA	0.1032	0.1002
Tier 2 Capital to RWA	0.1156	0.1127
Tier 1 Capital to AA (Leverage) (2)	0.0858	0.0833

Fair Value Measurements (Estima

Fair Value Measurements (Estimated Fair Value and Range) (Details) $ in Thousands	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
MSRs	$ 5,821	$ 5,926
IRLCs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
IRLCs - Derivative Asset	233	110
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
MSRs	5,821	5,926
Level 3 | IRLCs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
IRLCs - Derivative Asset	233	110
Valuation, Market Approach | Prepayment speed | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
MSRs	$ 5,821	$ 5,926
MSRs Range	147	129
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	$ 232	$ 110
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
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	0.79	0.78
Arithmetic Average | Valuation, Market Approach | Pull through rate | Level 3 | IRLCs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
IRLCs Range	0.96	0.98

Fair Value Measurements (Activi

Fair Value Measurements (Activity in MSRs) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)
Servicing Asset at Fair Value, Amount [Roll Forward]
Beginning balance	$ 5,926
Servicing rights resulting from sales of loans	118
Valuation adjustment	(223)
Ending balance	$ 5,821

Fair Value Measurements (Acti_2

Fair Value Measurements (Activity in IRLCs) (Details) - IRLCs $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)
Derivative Asset, Subject to Master Netting Arrangement [Roll Forward]
Beginning Balance	$ 110
Valuation adjustment	122
Ending Balance	$ 232

Fair Value Measurements (Assets

Fair Value Measurements (Assets and Liabilities Measured on Recurring Basis) (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Investment securities:
Securities available for sale:	$ 179,496	$ 110,521
Equity securities	5,681	5,703
Loans Held for Sale	13,767	8,782
Loans Held for Investment, at fair value	9,684	9,944
MSRs	5,821	5,926
Total assets at fair value	214,692	140,988
Total liabilities at fair value	109	176
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:	179,496	110,521
Equity securities	5,681	5,703
Loans Held for Sale	13,767	8,782
Loans Held for Investment, at fair value	9,684	9,944
MSRs	0	0
Total assets at fair value	208,638	134,952
Total liabilities at fair value	108	176
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	5,821	5,926
Total assets at fair value	6,054	6,036
Total liabilities at fair value	1	0
U.S. Treasury and government agencies
Investment securities:
Securities available for sale:	69,541	20,475
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:	69,541	20,475
U.S. Treasury and government agencies | Level 3
Investment securities:
Securities available for sale:	0	0
Mortgage-backed-residential
Investment securities:
Securities available for sale:	103,626	84,027
Mortgage-backed-residential | Level 1
Investment securities:
Securities available for sale:	0	0
Mortgage-backed-residential | Level 2
Investment securities:
Securities available for sale:	103,626	84,027
Mortgage-backed-residential | Level 3
Investment securities:
Securities available for sale:	0	0
Other debt securities
Investment securities:
Securities available for sale:	6,329	6,019
Other debt securities | Level 1
Investment securities:
Securities available for sale:	0	0
Other debt securities | Level 2
Investment securities:
Securities available for sale:	6,329	6,019
Other debt securities | Level 3
Investment securities:
Securities available for sale:	0	0
TBA forward trades
Investment securities:
Derivative asset, estimated fair value	10	2
Derivative liabilities, fair value	108	176
TBA forward trades | Level 1
Investment securities:
Derivative asset, estimated fair value	0	0
Derivative liabilities, fair value	0	0
TBA forward trades | Level 2
Investment securities:
Derivative asset, estimated fair value	10	2
Derivative liabilities, fair value	108	176
TBA forward trades | Level 3
Investment securities:
Derivative asset, estimated fair value	0	0
Derivative liabilities, fair value	0	0
IRLCs
Investment securities:
Derivative asset, estimated fair value	233	110
Derivative liabilities, fair value	1
IRLCs | Level 1
Investment securities:
Derivative asset, estimated fair value	0	0
Derivative liabilities, fair value	0
IRLCs | Level 2
Investment securities:
Derivative asset, estimated fair value	0	0
Derivative liabilities, fair value	0
IRLCs | Level 3
Investment securities:
Derivative asset, estimated fair value	233	$ 110
Derivative liabilities, fair value	$ 1

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	Mar. 31, 2024	Dec. 31, 2023
Appraisal Of Collateral
Impaired loans:
Individually evaluated collateral dependent loans	$ 17	$ 633
Other real estate owned	179	$ 179
Repossessed properties	$ 1,845
Individually evaluated collateral dependent loans, measurement input	99%	51%
Appraisal Of Collateral | Minimum
Impaired loans:
Other real estate owned, measurement input	0%	0%
Repossessed properties, measurement input	12%
Appraisal Of Collateral | Maximum
Impaired loans:
Other real estate owned, measurement input	20%	20%
Repossessed properties, measurement input	13%
Appraisal Of Collateral | Weighted Average
Impaired loans:
Individually evaluated collateral dependent loans, measurement input	99%	51%
Other real estate owned, measurement input	0%	0%
Repossessed properties, measurement input	13%
Liquidation Expense
Impaired loans:
Individually evaluated collateral dependent loans, measurement input	10%	10%
Liquidation Expense | Weighted Average
Impaired loans:
Individually evaluated collateral dependent loans, measurement input	10%	10%

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	Mar. 31, 2024	Dec. 31, 2023
Assets
Investment securities - AFS	$ 179,496	$ 110,521
Held to maturity, fair value	444,258	457,830
Restricted securities	17,863	17,900
Loans held for sale, at fair value	13,767	8,782
Loans, at fair value	9,684	9,944
MSRs	5,821	5,926
Level 1
Assets
Cash and cash equivalents	114,560	372,413
Investment securities - AFS	0	0
Held to maturity, fair value	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
Club	0
Certificates of Deposit	0	0
Subordinated debt, net	0	0
TRUPS, net	0	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	179,496	110,521
Held to maturity, fair value	444,258	457,830
Equity securities	5,681	5,703
Restricted securities	17,863	17,900
Loans held for sale, at fair value	13,767	8,782
Cash surrender value on life insurance	102,321	101,704
Loans, at fair value	9,684	9,944
Loans, net	0	0
MSRs	0	0
Deposits:
Noninterest-bearing demand	1,200,680	1,258,037
Checking plus interest	1,101,954	1,165,546
Money Market	1,358,205	1,430,603
Savings	353,213	347,324
Club	885
Certificates of Deposit	1,168,144	1,184,447
Subordinated debt, net	42,498	42,579
TRUPS, net	28,049	28,266
Level 2 | TBA forward trades
Assets
Derivative asset	10	2
Deposits:
Derivative liability	108	176
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
Held to maturity, fair value	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	4,397,048	4,477,468
MSRs	5,821	5,926
Deposits:
Noninterest-bearing demand	0	0
Checking plus interest	0	0
Money Market	0	0
Savings	0	0
Club	0
Certificates of Deposit	0	0
Subordinated debt, net	0	0
TRUPS, net	0	0
Level 3 | TBA forward trades
Assets
Derivative asset	0	0
Deposits:
Derivative liability	0	0
Level 3 | IRLCs
Assets
Derivative asset	233	110
Deposits:
Derivative liability	1
Carrying Amount
Assets
Cash and cash equivalents	114,560	372,413
Investment securities - AFS	179,496	110,521
Held to maturity, fair value	503,822	513,188
Equity securities	5,681	5,703
Restricted securities	17,863	17,900
Loans held for sale, at fair value	13,767	8,782
Cash surrender value on life insurance	102,321	101,704
Loans, at fair value	9,684	9,944
Loans, net	4,581,705	4,573,715
MSRs	5,821	5,926
Deposits:
Noninterest-bearing demand	1,200,680	1,258,037
Checking plus interest	1,101,954	1,165,546
Money Market	1,358,205	1,430,603
Savings	353,213	347,324
Club	885
Certificates of Deposit	1,169,342	1,184,610
Subordinated debt, net	43,322	43,139
TRUPS, net	29,237	29,158
Carrying Amount | TBA forward trades
Assets
Derivative asset	10	2
Deposits:
Derivative liability	108	176
Carrying Amount | IRLCs
Assets
Derivative asset	233	110
Deposits:
Derivative liability	1
Fair Value
Assets
Cash and cash equivalents	114,560	372,413
Investment securities - AFS	179,496	110,521
Held to maturity, fair value	444,258	457,830
Equity securities	5,681	5,703
Restricted securities	17,863	17,900
Loans held for sale, at fair value	13,767	8,782
Cash surrender value on life insurance	102,321	101,704
Loans, at fair value	9,684	9,944
Loans, net	4,397,048	4,477,468
MSRs	5,821	5,926
Deposits:
Noninterest-bearing demand	1,200,680	1,258,037
Checking plus interest	1,101,954	1,165,546
Money Market	1,358,205	1,430,603
Savings	353,213	347,324
Club	885
Certificates of Deposit	1,168,144	1,184,447
Subordinated debt, net	42,498	42,579
TRUPS, net	28,049	28,266
Fair Value | TBA forward trades
Assets
Derivative asset	10	2
Deposits:
Derivative liability	108	176
Fair Value | IRLCs
Assets
Derivative asset	233	$ 110
Deposits:
Derivative liability	$ 1

Commitments and Contingencies_2

Commitments and Contingencies (Schedule of Commitments Outstanding) (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Commitments outstanding	$ 722,019	$ 641,785
Commitments to extend credit
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Commitments outstanding	694,646	613,266
Letters of credit
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Commitments outstanding	$ 27,373	$ 28,519

Commitments and Contingencies_3

Commitments and Contingencies (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Deposits	$ 5,184,279		$ 5,386,120
Gross loans	4,591,389		$ 4,583,659
Interest Income	71,139	$ 35,062
Noninterest income	6,567	$ 5,334
Business Activities With Medical Use Cannabis Customers | Medical Use Cannabis Customers
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Deposits	$ 227,600
Deposits with customers as percentage of total deposits	4.40%
Gross loans	$ 73,700
Loans with customers as percentage of total loans	1.60%
Interest Income	$ 1,000
Noninterest income	$ 300

Earnings Per Share (Calculation

Earnings Per Share (Calculation of Earnings Per Common Share) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net income	$ 8,184	$ 6,457
Weighted average shares outstanding - Basic (in shares)	33,189,000	19,886,000
Dilutive effect of common stock equivalents (in shares)	2,000	0
Weighted average shares outstanding - Diluted (in shares)	33,191,000	19,886,000
Anti-dilutive shares (in shares)	1,000	0
Earnings per common share - Basic (in dollars per share)	$ 0.25	$ 0.32
Earnings per common share - Diluted (in dollars per share)	$ 0.25	$ 0.32

Revenue Recognition (Noninteres

Revenue Recognition (Noninterest Income) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Noninterest Income
Noninterest Income (in-scope of Topic 606)	$ 4,709	$ 3,788
Noninterest Income (out-of-scope of Topic 606)	1,858	1,546
Total noninterest income	6,567	5,334
Service charges on deposit accounts
Noninterest Income
Noninterest Income (in-scope of Topic 606)	1,507	1,213
Trust and investment fee income
Noninterest Income
Noninterest Income (in-scope of Topic 606)	734	432
Interchange income
Noninterest Income
Noninterest Income (in-scope of Topic 606)	1,587	1,212
Title Company revenue
Noninterest Income
Noninterest Income (in-scope of Topic 606)	78	137
Other noninterest income
Noninterest Income
Noninterest Income (in-scope of Topic 606)	$ 803	$ 794

Subsequent Events (Details)

Subsequent Events (Details)	2 Months Ended
	Sep. 30, 2024 branch
Subsequent Event | Forecast
Subsequent Event [Line Items]
Branches closed	2

Uncategorized Items - shbi-2024

Label	Element	Value
Accounting Standards Update [Extensible Enumeration]	us-gaap_AccountingStandardsUpdateExtensibleList	Accounting Standards Update 2016-13 [Member]