Shore Bancshares (SHBI) 10-Q 9 Aug 24 2024 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2024	Aug. 02, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 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		33,316,252
Entity Central Index Key	0001035092
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
ASSETS
Cash and due from banks	$ 50,090	$ 63,172
Interest-bearing deposits with other banks	88,793	309,241
Cash and cash equivalents	138,883	372,413
Investment securities:
Investment securities - AFS	131,594	110,521
Held to maturity, net of allowance for credit losses of $108 (2024) and $94 (2023) (fair value of $440,164 (2024) and $457,830 (2023))	499,431	513,188
Equity securities, at fair value	5,699	5,703
Restricted securities, at cost	21,725	17,900
Loans held for sale, at fair value	27,829	8,782
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	4,705,737	4,641,010
Less: allowance for credit losses	(58,478)	(57,351)
Loans, net	4,647,259	4,583,659
Premises and equipment, net	82,176	82,386
Goodwill	63,266	63,266
Other intangible assets, net	42,945	48,090
Other real estate owned, net	179	179
Repossessed properties	1,560	0
Assets held for sale	1,387	0
Mortgage servicing rights, at fair value	5,995	5,926
Right-of-use assets	11,762	12,487
Cash surrender value on life insurance	102,969	101,704
Accrued interest receivable	19,641	19,217
Deferred income taxes	36,078	40,707
Other assets	23,639	24,790
TOTAL ASSETS	5,864,017	6,010,918
Deposits:
Noninterest-bearing	1,587,252	1,258,037
Interest-bearing	3,561,633	4,128,083
Total deposits	5,148,885	5,386,120
Advances from FHLB - short-term	31,000	0
Advances from FHLB - long-term	50,000	0
Guaranteed preferred beneficial interest in junior subordinated debentures ("TRUPS"), net	29,316	29,158
Subordinated debt, net	43,504	43,139
Total borrowings	153,820	72,297
Lease liabilities	12,189	12,857
Other liabilities	26,340	28,509
TOTAL LIABILITIES	5,341,234	5,499,783
STOCKHOLDERS' EQUITY
Common stock, par value $.01 per share; shares authorized - 50,000,000; shares issued and outstanding - 33,214,522 (2024) and 33,161,532 (2023)	333	332
Additional paid in capital	356,994	356,007
Retained earnings	173,716	162,290
Accumulated other comprehensive loss	(8,260)	(7,494)
TOTAL STOCKHOLDERS' EQUITY	522,783	511,135
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 5,864,017	$ 6,010,918

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Available-for-sale, amortized cost	$ 142,959	$ 120,832
Held to maturity, allowance for credit losses	108	94
Held to maturity, fair value	440,164	457,830
Loans, at fair value	$ 9,515	$ 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)	33,214,522	33,161,532
Common stock, outstanding (in shares)	33,214,522	33,161,532

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
INTEREST INCOME
Interest and fees on loans		$ 67,292	$ 32,729	$ 133,045	$ 63,557
Interest and dividends on taxable investment securities		5,230	3,729	9,650	7,793
Interest and dividends on tax-exempt investment securities		6	5	12	12
Interest on deposits with other banks		578	170	1,538	333
Total interest income		73,106	36,633	144,245	71,695
INTEREST EXPENSE
Interest on deposits		27,585	9,914	56,081	17,195
Interest on short-term borrowings		1,584	3,449	1,641	4,810
Interest on long-term borrowings		1,797	776	3,248	1,532
Total interest expense		30,966	14,139	60,970	23,537
NET INTEREST INCOME		42,140	22,494	83,275	48,158
Provision for credit losses		2,081	667	2,488	1,880
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES		40,059	21,827	80,787	46,278
NONINTEREST INCOME
Service charges on deposit accounts		1,493	1,264	3,001	2,477
Trust and investment fee income		896	399	1,630	831
Interchange credits		1,717	1,311	3,304	2,523
Mortgage-banking revenue		1,983	1,054	2,783	2,031
Title Company revenue		165	186	243	323
Other noninterest income		2,186	1,080	4,046	2,443
Total noninterest income		8,440	5,294	15,007	10,628
NONINTEREST EXPENSE
Salaries and wages		13,307	8,955	25,158	17,639
Employee benefits		3,593	2,440	7,689	5,361
Occupancy expense		2,432	1,599	4,848	3,218
Furniture and equipment expense		900	477	1,804	1,011
Data processing		2,978	1,739	5,845	3,537
Directors' fees		359	185	654	435
Amortization of other intangible assets		2,569	435	5,145	876
FDIC insurance premium expense		1,089	758	2,240	1,129
Other real estate owned expenses, net		0	0	0	(1)
Legal and professional fees		1,354	959	2,954	1,709
Fraud losses	[1]	62	47	4,564	114
Merger-related expenses		0	1,197	0	1,888
Other noninterest expenses		4,856	2,817	9,296	5,585
Total noninterest expense		33,499	21,608	70,197	42,501
Income before income taxes		15,000	5,513	25,597	14,405
Income tax expense		3,766	1,495	6,179	3,930
NET INCOME		$ 11,234	$ 4,018	$ 19,418	$ 10,475
Basic net income per common share (in dollars per share)		$ 0.34	$ 0.20	$ 0.58	$ 0.53
Diluted net income per common share (in dollars per share)		0.34	0.20	0.58	0.53
Dividends paid per common share (in dollars per share)		$ 0.12	$ 0.12	$ 0.24	$ 0.24
[1]Fraud losses includes $4.3 million of credit card fraud losses for the six months ended June 30, 2024

CONSOLIDATED STATEMENTS OF IN_2

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) (Parenthetical) $ in Millions	6 Months Ended
	Jun. 30, 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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 11,234	$ 4,018	$ 19,418	$ 10,475
Investment securities:
Unrealized holding gains (losses) on available-for-sale-securities	(278)	(549)	(1,054)	634
Tax effect	76	149	288	(174)
Total other comprehensive income (loss)	(202)	(400)	(766)	460
Comprehensive income	$ 11,032	$ 3,618	$ 18,652	$ 10,935

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($) shares in Thousands, $ 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, 2022	364,285	$ (7,818)	199	201,494	171,613	$ (7,818)	(9,021)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	10,475
Other comprehensive loss	460
Ending balance at Jun. 30, 2023	363,140		199	202,008	169,494		(8,561)
Beginning balance at Mar. 31, 2023	361,638		199	201,736	167,864		(8,161)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	4,018				4,018
Other comprehensive loss	(400)						(400)
Common shares issued for employee stock purchase plan	102			102
Stock-based compensation	170			170
Cash dividends declared	(2,388)				(2,388)
Ending balance at Jun. 30, 2023	363,140		199	202,008	169,494		(8,561)
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)
Beginning balance at Dec. 31, 2023	511,135		332	356,007	162,290		(7,494)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	19,418
Other comprehensive loss	(766)
Ending balance at Jun. 30, 2024	522,783		333	356,994	173,716		(8,260)
Beginning balance at Mar. 31, 2024	515,228		$ 332	356,464	166,490		(8,058)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	11,234				11,234
Other comprehensive loss	(202)						(202)
Common shares issued for employee stock purchase plan (in shares)			1
Common shares issued for employee stock purchase plan	121			120
Stock-based compensation	410			410
Cash dividends declared	(4,008)				(4,008)
Ending balance at Jun. 30, 2024	$ 522,783		$ 333	$ 356,994	$ 173,716		$ (8,260)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income	$ 19,418	$ 10,475
Adjustments to reconcile net income to net cash provided by operating activities:
Net accretion of acquisition accounting estimates	(7,618)	(847)
Provision for credit losses	2,488	1,880
Depreciation and amortization	8,217	2,744
Net amortization of securities	(643)	660
Amortization of debt issuance costs	60	61
Gain on mortgage banking activities	(2,446)	(1,518)
Proceeds from sale of mortgage loans held for sale	64,563	47,815
Originations of loans held for sale	(81,712)	(49,191)
Stock-based compensation expense	764	325
Deferred income tax expense (benefit)	4,916	(743)
Loss on sales of repossessed assets	45	0
Loss on valuation adjustments on mortgage servicing rights	129	40
Valuation adjustments on premises transferred to held for sale	2	271
Gain on sales and valuation adjustments on other real estate owned	0	(3)
Fair value adjustments on loans held for investments, at fair value	318	(48)
Fair value adjustment on equity securities	84	3
Bank owned life insurance income	(1,344)	(758)
Net changes in:
Accrued interest receivable	(424)	731
Other assets	1,241	(2,510)
Accrued interest payable	(630)	1,721
Other liabilities	(2,010)	(458)
Net cash provided by operating activities	5,418	10,650
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from maturities and principal payments of investment securities available for sale	60,673	6,019
Proceeds from maturities and principal payments of investment securities held to maturity	19,291	21,795
Proceeds from life insurance death benefits	150	0
Purchases of investment securities available for sale	(81,904)	0
Purchases of investment securities available for sale	(5,800)	0
Purchases of equity securities	(80)	(15)
Purchase of restricted securities	(22,186)	(23,979)
Net change in loans	(59,472)	(196,213)
Purchases of premises and equipment	(3,359)	(1,768)
Proceeds from sales of other real estate owned	0	21
Proceeds from sales of repossessed assets	240	0
Redemption of restricted securities	18,361	13,940
Purchases of bank owned life insurance	(71)	(174)
Proceeds from disposal of premises held for sale	0	721
Net cash (used in) investing activities	(74,157)	(179,653)
Net changes in:
Noninterest-bearing deposits	329,215	(83,052)
Interest-bearing deposits	(567,238)	10,970
Short-term borrowings	31,000	236,000
Long-term borrowings	50,000	0
Common stock dividends paid	(7,992)	(4,776)
Issuance of common stock	224	189
Net cash (used in) provided by financing activities	(164,791)	159,331
Net decrease in cash and cash equivalents	(233,530)	(9,672)
Cash and cash equivalents at beginning of period	372,413	55,499
Cash and cash equivalents at end of period	138,883	45,827
Supplemental cash flows information:
Interest paid	60,289	21,836
Income taxes paid	0	6,372
Recognition (remeasurement of) lease liabilities arising from right-of-use assets	76	(5)
Transfers from loans to repossessed properties	1,845	0
Unrealized (losses) gains on securities available for sale	(1,054)	634
Transfer of premises to held for sale (included in other assets)	$ 1,387	$ 750

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 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 June 30, 2024, the consolidated results of income and comprehensive income for the three and six months ended June 30, 2024 and 2023, changes in stockholders’ equity for the three and six months ended June 30, 2024 and 2023 and cash flows for the six months ended June 30, 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 and six months ended June 30, 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.

Business Combinations

Business Combinations	6 Months Ended
	Jun. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [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	6 Months Ended
	Jun. 30, 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 June 30, 2024 and as of December 31, 2023 are in accordance with ASC 326, except ACL on HTM securities were presented as of three and six months ended June 30, 2024 and June 30, 2023. The following table summarizes the activity in the ACL on HTM securities as of three and six months ended June 30, 2024 and June 30, 2023. (Dollars in thousands) Three Months Ended June 30, 2024 Three Months Ended June 30, 2023 Six Months Ended June 30, 2024 Six Months Ended June 30, 2023 Balance, beginning of period $ 116 $ — $ 94 $ — Other debt securities, provision for credit losses (8) 163 14 163 Balance, end of period $ 108 $ 163 $ 108 $ 163 A provision for credit losses of $8,000 and $0.2 million, $14,000 and $0.2 million was recorded for the three and six months ended June 30, 2024 and June 30, 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: June 30, 2024 U.S. Treasury and government agencies $ 23,213 $ 4 $ 3,057 $ 20,160 Mortgage-backed-residential 113,623 18 8,168 105,473 Other debt securities 6,123 38 200 5,961 Total $ 142,959 $ 60 $ 11,425 $ 131,594 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 and six months ended June 30, 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: June 30, 2024 U.S. Treasury and government agencies $ 143,165 $ 2 $ 10,805 $ 132,362 $ — Mortgage-backed-residential 344,406 — 47,530 296,876 — States and political subdivisions 1,468 28 34 1,462 — Other debt securities 10,500 — 1,036 9,464 108 Total $ 499,539 $ 30 $ 59,405 $ 440,164 $ 108 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 June 30, 2024 and $5.7 million at December 31, 2023 are presented separately on the balance sheet. The fair value adjustment recorded through earnings totaled loss of $0.2 million for the six months ended June 30, 2024 and loss of $3,000 for the six months ended June 30, 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 June 30, 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 June 30, 2024. June 30, 2024 Investment Grade (Dollars in thousands) Aaa Aa1 A3 Baa1 Baa2 NR Total U.S. Treasury and government agencies $ 139,594 $ — $ — $ — $ — $ 3,571 $ 143,165 Mortgage-backed-residential 344,406 — — — — — 344,406 States and political subdivisions — 1,468 — — — — 1,468 Other debt securities — — 4,000 4,000 500 2,000 10,500 Total held-to maturity securities $ 484,000 $ 1,468 $ 4,000 $ 4,000 $ 500 $ 5,571 $ 499,539 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 June 30, 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 June 30, 2024 Available-for-sale securities: U.S. Treasury and government agencies $ 73 $ — $ 17,328 $ 3,057 $ 17,401 $ 3,057 Mortgage-backed-residential 45,976 741 46,788 7,427 92,764 8,168 Other debt securities 2,228 109 1,915 91 4,143 200 Total $ 48,277 $ 850 $ 66,031 $ 10,575 $ 114,308 $ 11,425 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 110 AFS debt securities with a fair value below the amortized cost basis, totaling $11.4 million of aggregate fair value as of June 30, 2024. The Company concluded that a credit loss does not exist in its AFS securities portfolio as of June 30, 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 June 30, 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 June 30, 2024, the carrying value of pledged AFS securities was $53.8 million and $199.7 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 June 30, 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 June 30, 2024. Available for sale Held to maturity (Dollars in thousands) Amortized Cost Fair Value Amortized Cost Fair Value Due in one year or less $ 2,477 $ 2,477 $ 7,058 $ 7,032 Due after one year through five years 15,098 14,067 129,280 121,184 Due after five years through ten years 27,511 24,591 37,670 34,457 Due after ten years 97,873 90,459 325,531 277,491 Total $ 142,959 $ 131,594 $ 499,539 $ 440,164 The maturity dates for debt securities are determined using contractual maturity dates.

Loans and Allowance for Credit

Loans and Allowance for Credit Losses	6 Months Ended
	Jun. 30, 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 June 30, 2024 and December 31, 2023. (Dollars in thousands) June 30, 2024 % of Total Loans December 31, 2023 % of Total Loans Construction $ 327,875 6.97 % $ 299,000 6.40 % Residential real estate 1,539,591 32.72 % 1,490,438 32.10 % Commercial real estate 2,287,497 48.60 % 2,286,154 49.30 % Commercial 218,987 4.65 % 229,939 5.00 % Consumer 324,479 6.90 % 328,896 7.10 % Credit Cards 7,308 0.16 % 6,583 0.10 % Total loans 4,705,737 100.00 % 4,641,010 100.00 % Allowance for credit losses on loans (58,478) (57,351) Total loans, net $ 4,647,259 $ 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 $3.2 million and $2.2 million at June 30, 2024 and December 31, 2023. At June 30, 2024 and December 31, 2023 included in total loans were $1,558.9 million and $1,643.4 million 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 $96.6 million and $108.4 million at June 30, 2024 and December 31, 2023, respectively. At June 30, 2024 and December 31, 2023, included in total loans were $273.5 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 $4.0 million and $4.7 million at June 30, 2024 and December 31, 2023, respectively. At June 30, 2024, the Bank was servicing $368.0 million in loans for the Federal National Mortgage Association and $120.1 million in loans for Freddie Mac. The following table provides information on nonaccrual loans by loan class as of June 30, 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-Accrual Loans June 30, 2024 Nonaccrual loans: Construction $ 207 $ — $ 207 Residential real estate 6,650 130 6,780 Commercial real estate 3,562 2,269 5,831 Commercial 313 1,145 1,458 Consumer 254 134 388 Credit Cards — 173 173 Total $ 10,986 $ 3,851 $ 14,837 Interest income $ 183 $ 60 $ 243 (Dollars in thousands) Non-Accrual with no allowance for credit loss Non-Accrual with an allowance for credit loss Total Non-Accrual Loans 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 Credit Cards — — — 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-Accrual Loans June 30, 2024 Nonaccrual loans: Construction $ 207 $ — $ 207 Residential real estate 4,467 2,313 6,780 Residential rentals — — — Commercial real estate 572 5,259 5,831 Commercial 194 1,264 1,458 Consumer 336 52 388 Credit Cards — 173 173 Total $ 5,776 $ 9,061 $ 14,837 (Dollars in thousands) Non-Accrual Delinquent Loans Non-Accrual Current Loans Total Non-Accrual Loans December 31, 2023 Nonaccrual loans: Construction $ 221 $ 405 $ 626 Residential real estate 4,137 2,208 6,345 Residential rentals — — — Commercial real estate 1,215 3,149 4,364 Commercial 28 516 544 Consumer 903 2 905 Credit Cards — — — 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. As of June 30, 2024, there were 7 credit cards that were evaluated based on economic conditions specific to the loans or borrowers, and were downgraded to substandard and non-performing. 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 credit 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 June 30, 2024 and gross write-offs during the six months ended June 30, 2024. Term Loans by Origination Year Revolving Loans Revolving Converted to Term Loans Total (Dollars in thousands) Prior 2020 2021 2022 2023 2024 June 30, 2024 Construction Pass $ 36,766 $ 11,583 $ 24,701 $ 81,331 $ 113,451 $ 45,465 $ 13,754 $ 617 $ 327,668 Substandard 60 — — 147 — — — — 207 Total $ 36,826 $ 11,583 $ 24,701 $ 81,478 $ 113,451 $ 45,465 $ 13,754 $ 617 $ 327,875 Gross Charge-offs $ — $ — $ (12) $ — $ — $ — $ — $ — $ (12) Residential real estate Pass $ 358,688 $ 101,940 $ 245,989 $ 405,943 $ 238,422 $ 51,212 $ 115,376 $ 13,202 $ 1,530,772 Special Mention 398 540 491 — — — 173 — 1,602 Substandard 5,016 — 875 301 — — 1,025 — 7,217 Total $ 364,102 $ 102,480 $ 247,355 $ 406,244 $ 238,422 $ 51,212 $ 116,574 $ 13,202 $ 1,539,591 Gross Charge-offs $ (1) $ — $ — $ — $ — $ — $ — $ — $ (1) Commercial real estate Pass $ 817,330 $ 302,884 $ 411,101 $ 426,121 $ 213,809 $ 54,822 $ 31,520 $ — $ 2,257,587 Special Mention 11,492 — 6,692 5,044 — — 531 — 23,759 Substandard 3,005 — 3,116 — — — 30 — 6,151 Total $ 831,827 $ 302,884 $ 420,909 $ 431,165 $ 213,809 $ 54,822 $ 32,081 $ — $ 2,287,497 Gross Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial Pass $ 30,525 $ 12,726 $ 47,411 $ 32,624 $ 30,185 $ 16,782 $ 44,803 $ 469 $ 215,525 Special Mention 127 — — — — — — 62 189 Substandard 359 — 10 1,501 619 — 784 — 3,273 Total $ 31,011 $ 12,726 $ 47,421 $ 34,125 $ 30,804 $ 16,782 $ 45,587 $ 531 $ 218,987 Gross Charge-offs $ (23) $ — $ — $ — $ — $ — $ — $ — $ (23) Consumer Pass $ 1,129 $ 12,218 $ 68,827 $ 129,051 $ 76,468 $ 35,723 $ 675 $ — $ 324,091 Special Mention — — — — — — — — — Substandard 13 7 62 236 68 — 2 — 388 Total $ 1,142 $ 12,225 $ 68,889 $ 129,287 $ 76,536 $ 35,723 $ 677 $ — $ 324,479 Gross Charge-offs $ (381) $ (9) $ (46) $ (918) $ (16) $ — $ (16) $ — $ (1,386) Total Pass $ 1,244,438 $ 441,351 $ 798,029 $ 1,075,070 $ 672,335 $ 204,004 $ 206,128 $ 14,288 $ 4,655,643 Special Mention 12,017 540 7,183 5,044 — — 704 62 25,550 Substandard 8,453 7 4,063 2,185 687 — 1,841 — 17,236 Total loans by risk category $ 1,264,908 $ 441,898 $ 809,275 $ 1,082,299 $ 673,022 $ 204,004 $ 208,673 $ 14,350 $ 4,698,429 Total gross charge-offs $ (405) $ (9) $ (58) $ (918) $ (16) $ — $ (16) $ — $ (1,422) Term Loans by Origination Year Revolving Loans Revolving Converted to Term Loans Total (Dollars in thousands) Prior 2020 2021 2022 2023 2024 June 30, 2024 Credit Cards Performing $ — $ — $ — $ — $ — $ — $ 7,135 $ — $ 7,135 Non-Performing — — — — — — 173 — 173 Total $ — $ — $ — $ — $ — $ — $ 7,308 $ — $ 7,308 Gross Charge-offs $ — $ — $ — $ — $ — $ — $ (194) $ — $ (194) Total loans evaluated by performing status $ — $ — $ — $ — $ — $ — $ 7,308 $ — $ 7,308 Total gross charge-offs $ — $ — $ — $ — $ — $ — $ (194) $ — $ (194) Total Recorded Investment $ 1,264,908 $ 441,898 $ 809,275 $ 1,082,299 $ 673,022 $ 204,004 $ 215,981 $ 14,350 $ 4,705,737 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 June 30, 2024 and December 31, 2023. Accruing (Dollars in thousands) 30‑59 days past due 60‑89 days past due 90 days past due and still accruing 30-89 days past due and not accruing 90 days past due and not accruing Total past due Current Accrual Loans Current Non-Accrual Loans Total June 30, 2024 Construction $ 282 $ — $ — $ — $ 207 $ 489 $ 327,386 $ — $ 327,875 Residential real estate 4,157 378 155 860 3,607 9,157 1,528,121 2,313 1,539,591 Commercial real estate 568 293 — — 572 1,433 2,280,805 5,259 2,287,497 Commercial 6 10 — 143 51 210 217,513 1,264 218,987 Consumer 1,253 1,367 — 12 324 2,956 321,471 52 324,479 Credit Cards 96 17 258 — — 371 6,764 173 7,308 Total $ 6,362 $ 2,065 $ 413 $ 1,015 $ 4,761 $ 14,616 $ 4,682,060 $ 9,061 $ 4,705,737 Percent of total loans 0.14 % 0.04 % 0.01 % 0.02 % 0.10 % 0.31 % 99.50 % 0.19 % 100.0 % (1) Includes loans measured at fair value of $9.5 million at June 30, 2024. Accruing (Dollars in thousands) 30‑59 days past due 60‑89 days past due 90 days past due and still accruing 30-89 days past due and not 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 $ — $ — $ — $ 221 $ 2,140 $ 296,455 $ 405 $ 299,000 Residential real estate 2,420 271 108 1,469 2,668 6,936 1,481,294 2,208 1,490,438 Commercial real estate 16 — — — 1,215 1,231 2,281,774 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 $ 738 $ 1,493 $ 5,011 $ 16,602 $ 4,618,128 $ 6,280 $ 4,641,010 Percent of total loans 0.17 % 0.04 % 0.02 % 0.03 % 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 and six months ended June 30, 2024 and June 30, 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 June 30, 2024 Construction $ 3,558 $ — $ 4 $ 4 $ (91) $ 3,471 Residential real estate 20,768 — 2 2 1,290 22,060 Commercial real estate 21,250 — — — 174 21,424 Commercial 2,879 (23) 2 (21) 8 2,866 Consumer (1) 8,682 (861) 68 (793) 256 8,145 Credit Card 199 (78) — (78) 391 512 Total $ 57,336 $ (962) $ 76 $ (886) $ 2,028 $ 58,478 (1) Gross charge-offs of consumer loans for the three months ended June 30, 2024 included $0.4 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 June 30, 2023 Construction $ 2,689 $ — $ — $ 4 $ 4 $ (307) $ 2,386 Residential real estate 8,747 — — 3 3 401 9,151 Commercial real estate 9,858 — — — — 409 10,267 Commercial 1,921 — — 1 1 34 1,956 Consumer 5,249 — (177) 119 (58) 63 5,254 Total $ 28,464 $ — $ (177) $ 127 $ (50) $ 600 $ 29,014 (Dollars in thousands) Beginning Charge- Recoveries Net (charge-offs) Provisions Ending For Six Months Ended June 30, 2024 Construction $ 3,935 $ (12) $ 6 $ (6) $ (458) $ 3,471 Residential real estate 21,949 (1) 4 3 108 22,060 Commercial real estate 20,975 — — — 449 21,424 Commercial 2,671 (23) 3 (20) 215 2,866 Consumer 7,601 (1,386) 144 (1,242) 1,786 8,145 Credit Card 220 (194) 8 (186) 478 512 Total $ 57,351 $ (1,616) $ 165 $ (1,451) $ 2,578 $ 58,478 (Dollars in thousands) Beginning Impact of Merger Charge- Recoveries Net Provisions Ending For Six Months Ended June 30, 2023 Construction $ 2,973 $ 1,222 $ — $ — 7 $ 7 $ (1,816) $ 2,386 Residential real estate 2,622 4,974 — — 34 34 1,521 9,151 Residential rentals — — — — — — — — Commercial real estate 4,899 3,742 — — — — 1,626 10,267 Commercial 1,652 401 — — 8 8 (105) 1,956 Consumer 4,497 452 — (284) 165 (119) 424 5,254 Credit Card — — — — — — — — Total $ 16,643 $ 10,791 $ — $ (284) $ 214 $ (70) $ 1,650 $ 29,014 The following table presents the amortized cost basis of collateral-dependent loans by loan portfolio segment. June 30, 2024 (Dollars in thousands) Real Estate Collateral Other Collateral Total Construction $ 207 $ — $ 207 Residential real estate 19,072 — 19,072 Commercial real estate 7,746 — 7,746 Commercial — 3,302 3,302 Consumer — 387 387 Total $ 27,025 $ 3,689 $ 30,714 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 June 30, 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 June 30, 2024, and there were no modifications to loans for borrowers experiencing financial difficulty during the three months ended December 31, 2023. (dollars in thousands) Term Extension Interest Rate Reduction Payment Delay and Term Extension Term Extension and Interest Rate Reduction Payment Delay Total % of Total Portfolio Segment June 30, 2024 Construction $ — $ — $ — $ — $ — $ — — % Residential real estate — — — — — — — % Residential rentals — — — — — — — % Commercial real estate 108 — — — — 108 0.01 % Commercial 222 — — — — 222 0.10 % Consumer — — — — — — — % Credit Cards — — — — — — — % Total $ 330 $ — $ — $ — $ — $ 330 0.01 % (dollars in thousands) Term Extension Interest Rate Reduction Payment Delay and Term Extension Term Extension and Interest Rate Reduction Payment Delay Total % of Total Portfolio Segment December 31, 2023 Construction $ — $ — $ — $ — $ — $ — — % Residential real estate — — — — — — — % Residential rentals — — — — — — — % Commercial real estate 125 — — — — 125 0.01 % Commercial 242 — — — — 242 0.11 % Consumer — — — — — — — % Credit Cards — — — — — — — % Total $ 367 $ — $ — $ — $ — $ 367 0.01 % The following table presents the financial effect of loan modifications made to borrowers experiencing financial difficulty during the three months ended June 30, 2024, and there were no modifications to loans for borrowers experiencing financial difficulty during the three months ended December 31, 2023. (dollars in thousands) Weighted-Average Months of Term Extension June 30, 2024 Commercial real estate 12 months Commercial 12 months (dollars in thousands) Weighted-Average Months of Term Extension December 31, 2023 Commercial real estate 1.0 year Commercial 1.0 year During the three months ended June 30, 2024 and December 31, 2023, there were no defaults on loan modifications made to borrowers experiencing financial difficulty. The following table present the aging analysis of loan modifications made to borrowers experiencing financial difficulty as of June 30, 2024, and there were no loan modifications made to borrowers experiencing financial difficulty at December 31, 2023. Accruing (Dollars in thousands) 30‑59 days past due 60‑89 days past due 90 days past due and still accruing 90 days past due and not accruing Total past due Current Accrual Current Non-Accrual Total Recorded Investment June 30, 2024 Construction $ — $ — $ — $ — $ — $ — $ — $ — Residential real estate — — — — — — — — Commercial real estate — — — — — — 108 108 Commercial — — — — — — 222 222 Consumer — — — — — — — — Credit Cards — — — — — — — — Total $ — $ — $ — $ — $ — $ — $ 330 $ 330 Accruing (Dollars in thousands) 30‑59 days past due 60‑89 days past due 90 days past due and still accruing 90 days past due and not accruing Total past due Current Accrual Current Non-Accrual Total Recorded Investment December 31, 2023 Construction $ — $ — $ — $ — $ — $ — $ — $ — Residential real estate — — — — — — — — Residential rentals — — — — — — — — Commercial real estate — — — — — — 125 125 Commercial — — — — — 153 89 242 Consumer — — — — — — — — Credit Cards — — — — — — — — Total $ — $ — $ — $ — $ — $ 153 $ 214 $ 367 Foreclosure Proceedings There were $0.2 million of consumer mortgage loans collateralized by residential real estate property that were in the process of foreclosure as of June 30, 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 June 30, 2024 and December 31, 2023.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	6 Months Ended
	Jun. 30, 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 June 30, 2024 and December 31, 2023. June 30, 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 $ — $ — $ (16,206) $ 42,945 3.6 years Total other intangible assets $ 59,151 $ — $ — $ (16,206) $ 42,945 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 $5.1 million for the six months ended June 30, 2024 and $0.9 million for the six months ended June 30, 2023. At June 30, 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 $ 4,634 2025 8,589 2026 7,398 2027 6,208 2028 5,060 Thereafter 11,056 Total amortizing intangible assets $ 42,945

Leases

Leases	6 Months Ended
	Jun. 30, 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) June 30, 2024 December 31, 2023 Lease liabilities $ 12,189 $ 12,857 Right-of-use assets $ 11,762 $ 12,487 Weighted average remaining lease term 10.61 years 10.88 years Weighted average discount rate 3.26 % 3.24 % Remaining lease term - min 0.08 years 0.39 years Remaining lease term - max 17.18 years 17.68 years Three Months Ended June 30, Six Months Ended June 30, Lease cost (in thousands) 2024 2023 2024 2023 Operating lease cost $ 494 $ 327 $ 986 $ 667 Total lease cost $ 494 $ 327 $ 986 $ 667 Cash paid for amounts included in the measurement of lease liabilities $ 466 $ 310 $ 928 $ 631 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 June 30, 2024 Six months ending December 31, 2024 $ 899 2025 1,680 2026 1,639 2027 1,511 2028 1,460 Thereafter 7,281 Total undiscounted cash flows $ 14,470 Discount 2,281 Lease liabilities $ 12,189 Total gross rental income was $0.3 million and $0.3 million for the three months ended June 30, 2024 and 2023, respectively. Total gross rental income was $0.5 million and $0.7 million for the six months ended June 30, 2024 and 2023, respectively. The following table presents our minimum future annual rental income on such leases as of June 30, 2024. (In thousands) As of June 30, 2024 Six months ending December 31, 2024 $ 446 2025 908 2026 932 2027 619 2028 637 Thereafter 2,477 Total $ 6,019

Deposits

Deposits	6 Months Ended
	Jun. 30, 2024
Deposits [Abstract]
Deposits	Deposits Deposits consist of the following categories as of the dates indicated: (dollars in thousands) June 30, 2024 December 31, 2023 Balance % Balance % Noninterest-bearing demand $ 1,587,252 30.83 % $ 1,258,037 23.36 % Interest-bearing: Demand 658,512 12.79 % 1,165,546 21.64 % Money market deposits 1,337,274 25.97 % 1,430,603 26.56 % Savings 352,069 6.84 % 347,324 6.45 % Certificates of deposit 1,213,778 23.57 % 1,184,610 21.99 % Total interest-bearing 3,561,633 69.17 % 4,128,083 76.64 % Total Deposits $ 5,148,885 100.00 % $ 5,386,120 100.00 % At June 30, 2024, the scheduled contractual maturities of certificates of deposit are as follows: (dollars in thousands) June 30, 2024 Within one year $ 1,012,597 Year 2 169,730 Year 3 16,729 Year 4 8,512 Year 5 6,206 Thereafter 4 $ 1,213,778

Borrowings

Borrowings	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Borrowings	Borrowings Long-term debt consisted of the following: (dollars in thousands) June 30, 2024 December 31, 2023 Issue Date Stated Maturity Date Earliest Call Date Interest Rate FHLB Advances $ 50,000 — 2024 2025 4.786% Total long-term advances 50,000 — 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 (4,299) (4,822) Total long-term debt $ 122,820 $ 72,297 At June 30, 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 2020 and the assumed subordinated debt from TCFC, net of unamortized issuance costs and fair value discounts, respectively, were $24.9 million and $18.6 million, respectively. The Company also assumed TRUPS 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 June 30, 2024 was $18.7 million, net of the unamortized fair value adjustment of $1.9 million. At June 30, 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. The Company may periodically borrow from a correspondent federal funds line of credit arrangement, under a secured reverse repurchase agreement, or from the Federal Home Loan Bank (“FHLB”) to meet short-term liquidity needs. There were $50.0 million outstanding long-term borrowings from the FHLB at June 30, 2024 and zero at December 31, 2023. The Company also had short-term borrowings from FHLB of $31.0 million at June 30, 2024 and zero at December 31, 2023, respectively.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 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 performance stock units do not have any stockholder rights, including voting, dividend, or liquidation rights, with respect to the shares underlying awarded restricted stock units until the recipient becomes the record holder of those shares. At June 30, 2024, the Bank could pay dividends to the Company to the extent of its earnings so long as it maintained required capital ratios. The following table summarizes restricted stock award and restricted stock unit activity for the Company under the 2016 Equity Plan for the six months ended June 30, 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 51,610 11.39 53,279 11.31 43,651 11.32 Vested (27,865) 17.07 (35,146) 11.56 — — Forfeited — — (3,256) 11.56 — — Nonvested at end of period 69,067 $ 11.74 179,932 $ 11.49 43,651 $ 11.32

Derivatives

Derivatives	6 Months Ended
	Jun. 30, 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 June 30, 2024 and December 31, 2023. June 30, 2024 December 31, 2023 (Dollars in thousands) Notional Amount Estimated Fair Value Notional Amount Estimated Fair Value Asset - IRLCs $ 13,904 $ 208 $ 6,785 $ 110 Asset - TBA securities 19,500 85 1,000 2 Liability - TBA securities 4,000 7 18,000 176

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	6 Months Ended
	Jun. 30, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss The Company records unrealized holding gains (losses), net of tax, on investment securities AFS as accumulated other comprehensive income (loss), a separate component of stockholders’ equity. The following table provides information on the changes in the component of accumulated other comprehensive income (loss) for the three and six months ended June 30, 2024 and 2023. Three Months Ended June 30, 2024 Three Months Ended June 30, 2023 Six Months Ended June 30, 2024 Six Months Ended June 30, 2023 (Dollars in thousands) Net Unrealized Losses Net Unrealized Losses Net Unrealized Losses Net Unrealized Gains And (Losses) Beginning of period $ (8,058) $ (8,161) $ (7,494) $ (9,021) Other comprehensive (loss) income, net of tax (202) (400) (766) 460 End of period $ (8,260) $ (8,561) $ (8,260) $ (8,561)

Regulatory Capital

Regulatory Capital	6 Months Ended
	Jun. 30, 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 June 30, 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 June 30, 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% for common equity Tier 1, Tier 1, and total capital ratios. To be categorized as well capitalized, a bank must maintain minimum ratios of 6.50%, 8.00%, 10.00% and 5.00% for its common equity Tier 1, Tier 1 risk-based capital, total risk-based capital and leverage ratios, respectively. The table presents the actual and required capital ratios for the Company and Bank as of June 30, 2024 and December 31, 2023. (dollars in thousands) Actual Regulatory Min. Ratio + CCB (1) Required To Be Considered Well Capitalized June 30, 2024 Amount Ratio Amount Ratio Amount Ratio Common Tier 1 Capital to RWA The Company $ 435,238 9.06 % $ 336,226 7.00 % $ 312,210 6.50 % The Bank 501,003 10.45 % 335,756 7.00 % 311,773 6.50 % Tier 1 Capital to RWA The Company 464,554 9.67 % 408,275 8.50 % 384,258 8.00 % The Bank 501,003 10.45 % 407,704 8.50 % 383,721 8.00 % Total Capital to RWA The Company 567,680 11.82 % 504,339 10.50 % 480,323 10.00 % The Bank 560,625 11.69 % 503,634 10.50 % 479,651 10.00 % Tier 1 Capital to AA (Leverage) (2) The Company 464,554 8.07 % 230,250 4.00 % 287,813 5.00 % The Bank 501,003 8.71 % 230,024 4.00 % 287,530 5.00 % December 31, 2023 Common Tier 1 Capital to RWA The Company $ 408,317 8.69 % $ 328,825 7.00 % $ 305,338 6.50 % The Bank 470,200 10.02 % 328,511 7.00 % 305,046 6.50 % Tier 1 Capital to RWA The Company 437,475 9.31 % 399,288 8.50 % 375,800 8.00 % The Bank 470,200 10.02 % 398,906 8.50 % 375,441 8.00 % Total Capital to RWA The Company 539,200 11.48 % 493,238 10.50 % 469,750 10.00 % The Bank 528,786 11.27 % 492,766 10.50 % 469,301 10.00 % Tier 1 Capital to AA (Leverage) (2) The Company 437,475 7.74 % 225,965 4.00 % 282,456 5.00 % The Bank 470,200 8.33 % 225,797 4.00 % 282,247 5.00 % The following tables present the capital amounts as of June 30, 2024 and December 31, 2023. Regulatory Capital and Ratios The Company The Bank (dollars in thousands) June 30, 2024 December 31, 2023 June 30, 2024 December 31, 2023 Common equity $ 522,783 $ 511,135 $ 587,283 $ 570,100 Goodwill (4) (61,460) (63,266) (61,460) (63,266) Core deposit intangible (3) (32,313) (38,069) (32,313) (38,069) DTAs that arise from net operating loss and tax credit carry forwards (2,032) (8,977) (767) (6,059) AOCI losses 8,260 7,494 8,260 7,494 Common Equity Tier 1 Capital 435,238 408,317 501,003 470,200 TRUPs 29,316 29,158 — — Tier 1 Capital 464,554 437,475 501,003 470,200 Allowable reserve for credit losses and other Tier 2 adjustments 59,622 58,586 59,622 58,586 Subordinated debentures 43,504 43,139 — — Total Capital $ 567,680 $ 539,200 $ 560,625 $ 528,786 Risk-Weighted Assets ("RWA") $ 4,803,230 $ 4,697,504 $ 4,796,512 $ 4,693,009 Average Assets ("AA") $ 5,756,260 $ 5,649,116 $ 5,750,604 $ 5,644,930 ____________________________________ (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 . 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 June 30, 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	6 Months Ended
	Jun. 30, 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 June 30, 2024 MSRs (1) $ 5,995 Market Approach Weighted average prepayment speed (PSA) (2) 136 IRLCs - net asset $ 208 Market Approach Range of pull through rate 77% - 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 and six months ended June 30, 2024. (Dollars in thousands) Three Months Ended June 30, 2024 Six Months Ended June 30, 2024 Beginning balance $ 5,821 $ 5,926 Servicing rights resulting from sales of loans 80 198 Valuation adjustment 94 (129) Ending balance $ 5,995 $ 5,995 The following table presents activity in the IRLCs - net asset for the three and six months ended June 30, 2024. (Dollars in thousands) Three Months Ended June 30, 2024 Six Months Ended June 30, 2024 Beginning balance $ 232 $ 110 Valuation adjustment (24) 98 Ending balance $ 208 $ 208 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 June 30, 2024 and December 31, 2023. No assets were transferred from one hierarchy level to another during the first six months of 2024 or 2023. (Dollars in thousands) Fair Value Quoted Prices Significant Other Observable Inputs Significant Unobservable Inputs June 30, 2024 Assets: Securities available for sale: U.S. Government agencies $ 20,160 $ — $ 20,160 $ — Mortgage-backed 105,473 — 105,473 — Other debt securities 5,961 — 5,961 — 131,594 — 131,594 — Equity securities 5,699 — 5,699 — TBA forward trades 85 — 85 — Loans Held for Sale 27,829 — 27,829 — Loans Held for Investment, at fair value 9,515 — 9,515 — MSRs 5,995 — — 5,995 IRLCs 208 — — 208 Total assets at fair value $ 180,925 $ — $ 174,722 $ 6,203 Liabilities: TBA securities 7 — 7 — Total liabilities at fair value $ 7 $ — $ 7 $ — (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 June 30, 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) June 30, 2024 Nonrecurring measurements: Individually evaluated collateral dependent loans $ 2,311 Appraisal of collateral (1) Appraisal adjustment (2) Liquidation expense (2) 40% 10% 40% 10% Other real estate owned $ 179 Appraisal of collateral (1) Appraisal adjustment (2) 0% - 20% 0% Repossessed properties $ 1,560 Appraisal of collateral (1) Appraisal adjustment (2) 0% - 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 June 30, 2024 and December 31, 2023 were estimated using an exit price notion. June 30, 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 $ 138,883 $ 138,883 $ 138,883 $ — $ — Investment securities - AFS 131,594 131,594 — 131,594 — Investment securities - HTM, net 499,431 440,164 — 440,164 — Equity securities 5,699 5,699 — 5,699 — Restricted securities 21,725 21,725 — 21,725 — Loans held for sale 27,829 27,829 — 27,829 — TBA derivatives trades 85 85 — 85 — Cash surrender value on life insurance 102,969 102,969 — 102,969 — Loans, at fair value 9,515 9,515 — 9,515 — Loans, net 4,637,744 4,454,771 — — 4,454,771 MSRs 5,995 5,995 — — 5,995 IRLCs 208 208 — — 208 Liabilities Deposits: Noninterest-bearing demand $ 1,587,252 $ 1,587,252 $ — $ 1,587,252 $ — Checking plus interest 658,512 658,512 — 658,512 — Money Market 1,337,274 1,337,274 — 1,337,274 — Savings 350,734 350,734 — 350,734 — Club 1,335 1,335 — 1,335 — Certificates of Deposit 1,213,778 1,212,174 — 1,212,174 — Advances from FHLB 81,000 80,786 — 80,786 — Subordinated debt, net 43,504 43,587 — 43,587 — TRUPS, net 29,316 27,691 — 27,691 — TBA Securities 7 7 — 7 — IRLCs — — — — — 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 — 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	6 Months Ended
	Jun. 30, 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 June 30, 2024 MSRs (1) $ 5,995 Market Approach Weighted average prepayment speed (PSA) (2) 136 IRLCs - net asset $ 208 Market Approach Range of pull through rate 77% - 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 and six months ended June 30, 2024. (Dollars in thousands) Three Months Ended June 30, 2024 Six Months Ended June 30, 2024 Beginning balance $ 5,821 $ 5,926 Servicing rights resulting from sales of loans 80 198 Valuation adjustment 94 (129) Ending balance $ 5,995 $ 5,995 The following table presents activity in the IRLCs - net asset for the three and six months ended June 30, 2024. (Dollars in thousands) Three Months Ended June 30, 2024 Six Months Ended June 30, 2024 Beginning balance $ 232 $ 110 Valuation adjustment (24) 98 Ending balance $ 208 $ 208 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 June 30, 2024 and December 31, 2023. No assets were transferred from one hierarchy level to another during the first six months of 2024 or 2023. (Dollars in thousands) Fair Value Quoted Prices Significant Other Observable Inputs Significant Unobservable Inputs June 30, 2024 Assets: Securities available for sale: U.S. Government agencies $ 20,160 $ — $ 20,160 $ — Mortgage-backed 105,473 — 105,473 — Other debt securities 5,961 — 5,961 — 131,594 — 131,594 — Equity securities 5,699 — 5,699 — TBA forward trades 85 — 85 — Loans Held for Sale 27,829 — 27,829 — Loans Held for Investment, at fair value 9,515 — 9,515 — MSRs 5,995 — — 5,995 IRLCs 208 — — 208 Total assets at fair value $ 180,925 $ — $ 174,722 $ 6,203 Liabilities: TBA securities 7 — 7 — Total liabilities at fair value $ 7 $ — $ 7 $ — (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 June 30, 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) June 30, 2024 Nonrecurring measurements: Individually evaluated collateral dependent loans $ 2,311 Appraisal of collateral (1) Appraisal adjustment (2) Liquidation expense (2) 40% 10% 40% 10% Other real estate owned $ 179 Appraisal of collateral (1) Appraisal adjustment (2) 0% - 20% 0% Repossessed properties $ 1,560 Appraisal of collateral (1) Appraisal adjustment (2) 0% - 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 June 30, 2024 and December 31, 2023 were estimated using an exit price notion. June 30, 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 $ 138,883 $ 138,883 $ 138,883 $ — $ — Investment securities - AFS 131,594 131,594 — 131,594 — Investment securities - HTM, net 499,431 440,164 — 440,164 — Equity securities 5,699 5,699 — 5,699 — Restricted securities 21,725 21,725 — 21,725 — Loans held for sale 27,829 27,829 — 27,829 — TBA derivatives trades 85 85 — 85 — Cash surrender value on life insurance 102,969 102,969 — 102,969 — Loans, at fair value 9,515 9,515 — 9,515 — Loans, net 4,637,744 4,454,771 — — 4,454,771 MSRs 5,995 5,995 — — 5,995 IRLCs 208 208 — — 208 Liabilities Deposits: Noninterest-bearing demand $ 1,587,252 $ 1,587,252 $ — $ 1,587,252 $ — Checking plus interest 658,512 658,512 — 658,512 — Money Market 1,337,274 1,337,274 — 1,337,274 — Savings 350,734 350,734 — 350,734 — Club 1,335 1,335 — 1,335 — Certificates of Deposit 1,213,778 1,212,174 — 1,212,174 — Advances from FHLB 81,000 80,786 — 80,786 — Subordinated debt, net 43,504 43,587 — 43,587 — TRUPS, net 29,316 27,691 — 27,691 — TBA Securities 7 7 — 7 — IRLCs — — — — — 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 — 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	6 Months Ended
	Jun. 30, 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 June 30, 2024 and December 31, 2023. (Dollars in thousands) June 30, 2024 December 31, 2023 Commitments to extend credit $ 676,715 $ 613,266 Letters of credit 26,490 28,519 Total $ 703,205 $ 641,785 The Company provides banking services to customers who do business in the cannabis industry. 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 June 30, 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 June 30, 2024 were approximately $202.3 million, or 3.9% of total deposits, and $73.6 million, or 1.6% of total gross loans, respectively. • Interest and noninterest income for the six months ended June 30, 2024, were approximately $2.0 million and $0.6 million, respectively.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 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 June 30, Six Months Ended June 30, (In thousands, except per share data) 2024 2023 2024 2023 Net Income $ 11,234 $ 4,018 $ 19,418 $ 10,475 Average number of common shares outstanding 33,234 19,903 33,212 19,895 Dilutive effect of common stock equivalents — — — — Average number of shares used to calculate diluted EPS 33,234 19,903 33,212 19,895 Anti-dilutive shares 9 — 5 — Earnings per common share Basic $ 0.34 $ 0.20 $ 0.58 $ 0.53 Diluted $ 0.34 $ 0.20 $ 0.58 $ 0.53 As of three and six months ended June 30, 2024 there were 9,000 and 5,000 ,

Revenue Recognition

Revenue Recognition	6 Months Ended
	Jun. 30, 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 June 30, 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 and six months ended June 30, 2024 and 2023. Three Months Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2024 2023 2024 2023 Noninterest Income In-scope of Topic 606: Service charges on deposit accounts $ 1,493 $ 1,264 $ 3,001 $ 2,477 Trust and investment fee income 896 399 1,630 831 Interchange income 1,717 1,311 3,304 2,523 Title Company revenue 165 186 243 323 Other noninterest income 981 500 1,783 945 Noninterest Income (in-scope of Topic 606) 5,252 3,660 9,961 7,099 Noninterest Income (out-of-scope of Topic 606) 3,188 1,634 5,046 3,529 Total Noninterest Income $ 8,440 $ 5,294 $ 15,007 $ 10,628

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss) Attributable to Parent	$ 11,234	$ 8,184	$ 4,018	$ 6,457	$ 19,418	$ 10,475

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 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)	6 Months Ended
	Jun. 30, 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 June 30, 2024, the consolidated results of income and comprehensive income for the three and six months ended June 30, 2024 and 2023, changes in stockholders’ equity for the three and six months ended June 30, 2024 and 2023 and cash flows for the six months ended June 30, 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 and six months ended June 30, 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.
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 June 30, 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)	6 Months Ended
	Jun. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [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)	6 Months Ended
	Jun. 30, 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 as of three and six months ended June 30, 2024 and June 30, 2023. (Dollars in thousands) Three Months Ended June 30, 2024 Three Months Ended June 30, 2023 Six Months Ended June 30, 2024 Six Months Ended June 30, 2023 Balance, beginning of period $ 116 $ — $ 94 $ — Other debt securities, provision for credit losses (8) 163 14 163 Balance, end of period $ 108 $ 163 $ 108 $ 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: June 30, 2024 U.S. Treasury and government agencies $ 23,213 $ 4 $ 3,057 $ 20,160 Mortgage-backed-residential 113,623 18 8,168 105,473 Other debt securities 6,123 38 200 5,961 Total $ 142,959 $ 60 $ 11,425 $ 131,594 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: June 30, 2024 U.S. Treasury and government agencies $ 143,165 $ 2 $ 10,805 $ 132,362 $ — Mortgage-backed-residential 344,406 — 47,530 296,876 — States and political subdivisions 1,468 28 34 1,462 — Other debt securities 10,500 — 1,036 9,464 108 Total $ 499,539 $ 30 $ 59,405 $ 440,164 $ 108 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 June 30, 2024. June 30, 2024 Investment Grade (Dollars in thousands) Aaa Aa1 A3 Baa1 Baa2 NR Total U.S. Treasury and government agencies $ 139,594 $ — $ — $ — $ — $ 3,571 $ 143,165 Mortgage-backed-residential 344,406 — — — — — 344,406 States and political subdivisions — 1,468 — — — — 1,468 Other debt securities — — 4,000 4,000 500 2,000 10,500 Total held-to maturity securities $ 484,000 $ 1,468 $ 4,000 $ 4,000 $ 500 $ 5,571 $ 499,539 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 June 30, 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 June 30, 2024 Available-for-sale securities: U.S. Treasury and government agencies $ 73 $ — $ 17,328 $ 3,057 $ 17,401 $ 3,057 Mortgage-backed-residential 45,976 741 46,788 7,427 92,764 8,168 Other debt securities 2,228 109 1,915 91 4,143 200 Total $ 48,277 $ 850 $ 66,031 $ 10,575 $ 114,308 $ 11,425 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 June 30, 2024. Available for sale Held to maturity (Dollars in thousands) Amortized Cost Fair Value Amortized Cost Fair Value Due in one year or less $ 2,477 $ 2,477 $ 7,058 $ 7,032 Due after one year through five years 15,098 14,067 129,280 121,184 Due after five years through ten years 27,511 24,591 37,670 34,457 Due after ten years 97,873 90,459 325,531 277,491 Total $ 142,959 $ 131,594 $ 499,539 $ 440,164

Loans and Allowance for Credi_2

Loans and Allowance for Credit Losses (Tables)	6 Months Ended
	Jun. 30, 2024
Receivables [Abstract]
Schedule of financing receivables	The following table provides information about the principal classes of the loan portfolio at June 30, 2024 and December 31, 2023. (Dollars in thousands) June 30, 2024 % of Total Loans December 31, 2023 % of Total Loans Construction $ 327,875 6.97 % $ 299,000 6.40 % Residential real estate 1,539,591 32.72 % 1,490,438 32.10 % Commercial real estate 2,287,497 48.60 % 2,286,154 49.30 % Commercial 218,987 4.65 % 229,939 5.00 % Consumer 324,479 6.90 % 328,896 7.10 % Credit Cards 7,308 0.16 % 6,583 0.10 % Total loans 4,705,737 100.00 % 4,641,010 100.00 % Allowance for credit losses on loans (58,478) (57,351) Total loans, net $ 4,647,259 $ 4,583,659
Schedule of Non accrual Loans	The following table provides information on nonaccrual loans by loan class as of June 30, 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-Accrual Loans June 30, 2024 Nonaccrual loans: Construction $ 207 $ — $ 207 Residential real estate 6,650 130 6,780 Commercial real estate 3,562 2,269 5,831 Commercial 313 1,145 1,458 Consumer 254 134 388 Credit Cards — 173 173 Total $ 10,986 $ 3,851 $ 14,837 Interest income $ 183 $ 60 $ 243 (Dollars in thousands) Non-Accrual with no allowance for credit loss Non-Accrual with an allowance for credit loss Total Non-Accrual Loans 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 Credit Cards — — — 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-Accrual Loans June 30, 2024 Nonaccrual loans: Construction $ 207 $ — $ 207 Residential real estate 4,467 2,313 6,780 Residential rentals — — — Commercial real estate 572 5,259 5,831 Commercial 194 1,264 1,458 Consumer 336 52 388 Credit Cards — 173 173 Total $ 5,776 $ 9,061 $ 14,837 (Dollars in thousands) Non-Accrual Delinquent Loans Non-Accrual Current Loans Total Non-Accrual Loans December 31, 2023 Nonaccrual loans: Construction $ 221 $ 405 $ 626 Residential real estate 4,137 2,208 6,345 Residential rentals — — — Commercial real estate 1,215 3,149 4,364 Commercial 28 516 544 Consumer 903 2 905 Credit Cards — — — 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 June 30, 2024 and gross write-offs during the six months ended June 30, 2024. Term Loans by Origination Year Revolving Loans Revolving Converted to Term Loans Total (Dollars in thousands) Prior 2020 2021 2022 2023 2024 June 30, 2024 Construction Pass $ 36,766 $ 11,583 $ 24,701 $ 81,331 $ 113,451 $ 45,465 $ 13,754 $ 617 $ 327,668 Substandard 60 — — 147 — — — — 207 Total $ 36,826 $ 11,583 $ 24,701 $ 81,478 $ 113,451 $ 45,465 $ 13,754 $ 617 $ 327,875 Gross Charge-offs $ — $ — $ (12) $ — $ — $ — $ — $ — $ (12) Residential real estate Pass $ 358,688 $ 101,940 $ 245,989 $ 405,943 $ 238,422 $ 51,212 $ 115,376 $ 13,202 $ 1,530,772 Special Mention 398 540 491 — — — 173 — 1,602 Substandard 5,016 — 875 301 — — 1,025 — 7,217 Total $ 364,102 $ 102,480 $ 247,355 $ 406,244 $ 238,422 $ 51,212 $ 116,574 $ 13,202 $ 1,539,591 Gross Charge-offs $ (1) $ — $ — $ — $ — $ — $ — $ — $ (1) Commercial real estate Pass $ 817,330 $ 302,884 $ 411,101 $ 426,121 $ 213,809 $ 54,822 $ 31,520 $ — $ 2,257,587 Special Mention 11,492 — 6,692 5,044 — — 531 — 23,759 Substandard 3,005 — 3,116 — — — 30 — 6,151 Total $ 831,827 $ 302,884 $ 420,909 $ 431,165 $ 213,809 $ 54,822 $ 32,081 $ — $ 2,287,497 Gross Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial Pass $ 30,525 $ 12,726 $ 47,411 $ 32,624 $ 30,185 $ 16,782 $ 44,803 $ 469 $ 215,525 Special Mention 127 — — — — — — 62 189 Substandard 359 — 10 1,501 619 — 784 — 3,273 Total $ 31,011 $ 12,726 $ 47,421 $ 34,125 $ 30,804 $ 16,782 $ 45,587 $ 531 $ 218,987 Gross Charge-offs $ (23) $ — $ — $ — $ — $ — $ — $ — $ (23) Consumer Pass $ 1,129 $ 12,218 $ 68,827 $ 129,051 $ 76,468 $ 35,723 $ 675 $ — $ 324,091 Special Mention — — — — — — — — — Substandard 13 7 62 236 68 — 2 — 388 Total $ 1,142 $ 12,225 $ 68,889 $ 129,287 $ 76,536 $ 35,723 $ 677 $ — $ 324,479 Gross Charge-offs $ (381) $ (9) $ (46) $ (918) $ (16) $ — $ (16) $ — $ (1,386) Total Pass $ 1,244,438 $ 441,351 $ 798,029 $ 1,075,070 $ 672,335 $ 204,004 $ 206,128 $ 14,288 $ 4,655,643 Special Mention 12,017 540 7,183 5,044 — — 704 62 25,550 Substandard 8,453 7 4,063 2,185 687 — 1,841 — 17,236 Total loans by risk category $ 1,264,908 $ 441,898 $ 809,275 $ 1,082,299 $ 673,022 $ 204,004 $ 208,673 $ 14,350 $ 4,698,429 Total gross charge-offs $ (405) $ (9) $ (58) $ (918) $ (16) $ — $ (16) $ — $ (1,422) Term Loans by Origination Year Revolving Loans Revolving Converted to Term Loans Total (Dollars in thousands) Prior 2020 2021 2022 2023 2024 June 30, 2024 Credit Cards Performing $ — $ — $ — $ — $ — $ — $ 7,135 $ — $ 7,135 Non-Performing — — — — — — 173 — 173 Total $ — $ — $ — $ — $ — $ — $ 7,308 $ — $ 7,308 Gross Charge-offs $ — $ — $ — $ — $ — $ — $ (194) $ — $ (194) Total loans evaluated by performing status $ — $ — $ — $ — $ — $ — $ 7,308 $ — $ 7,308 Total gross charge-offs $ — $ — $ — $ — $ — $ — $ (194) $ — $ (194) Total Recorded Investment $ 1,264,908 $ 441,898 $ 809,275 $ 1,082,299 $ 673,022 $ 204,004 $ 215,981 $ 14,350 $ 4,705,737
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 June 30, 2024 and December 31, 2023. Accruing (Dollars in thousands) 30‑59 days past due 60‑89 days past due 90 days past due and still accruing 30-89 days past due and not accruing 90 days past due and not accruing Total past due Current Accrual Loans Current Non-Accrual Loans Total June 30, 2024 Construction $ 282 $ — $ — $ — $ 207 $ 489 $ 327,386 $ — $ 327,875 Residential real estate 4,157 378 155 860 3,607 9,157 1,528,121 2,313 1,539,591 Commercial real estate 568 293 — — 572 1,433 2,280,805 5,259 2,287,497 Commercial 6 10 — 143 51 210 217,513 1,264 218,987 Consumer 1,253 1,367 — 12 324 2,956 321,471 52 324,479 Credit Cards 96 17 258 — — 371 6,764 173 7,308 Total $ 6,362 $ 2,065 $ 413 $ 1,015 $ 4,761 $ 14,616 $ 4,682,060 $ 9,061 $ 4,705,737 Percent of total loans 0.14 % 0.04 % 0.01 % 0.02 % 0.10 % 0.31 % 99.50 % 0.19 % 100.0 % (1) Includes loans measured at fair value of $9.5 million at June 30, 2024. Accruing (Dollars in thousands) 30‑59 days past due 60‑89 days past due 90 days past due and still accruing 30-89 days past due and not 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 $ — $ — $ — $ 221 $ 2,140 $ 296,455 $ 405 $ 299,000 Residential real estate 2,420 271 108 1,469 2,668 6,936 1,481,294 2,208 1,490,438 Commercial real estate 16 — — — 1,215 1,231 2,281,774 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 $ 738 $ 1,493 $ 5,011 $ 16,602 $ 4,618,128 $ 6,280 $ 4,641,010 Percent of total loans 0.17 % 0.04 % 0.02 % 0.03 % 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 and six months ended June 30, 2024 and June 30, 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 June 30, 2024 Construction $ 3,558 $ — $ 4 $ 4 $ (91) $ 3,471 Residential real estate 20,768 — 2 2 1,290 22,060 Commercial real estate 21,250 — — — 174 21,424 Commercial 2,879 (23) 2 (21) 8 2,866 Consumer (1) 8,682 (861) 68 (793) 256 8,145 Credit Card 199 (78) — (78) 391 512 Total $ 57,336 $ (962) $ 76 $ (886) $ 2,028 $ 58,478 (1) Gross charge-offs of consumer loans for the three months ended June 30, 2024 included $0.4 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 June 30, 2023 Construction $ 2,689 $ — $ — $ 4 $ 4 $ (307) $ 2,386 Residential real estate 8,747 — — 3 3 401 9,151 Commercial real estate 9,858 — — — — 409 10,267 Commercial 1,921 — — 1 1 34 1,956 Consumer 5,249 — (177) 119 (58) 63 5,254 Total $ 28,464 $ — $ (177) $ 127 $ (50) $ 600 $ 29,014 (Dollars in thousands) Beginning Charge- Recoveries Net (charge-offs) Provisions Ending For Six Months Ended June 30, 2024 Construction $ 3,935 $ (12) $ 6 $ (6) $ (458) $ 3,471 Residential real estate 21,949 (1) 4 3 108 22,060 Commercial real estate 20,975 — — — 449 21,424 Commercial 2,671 (23) 3 (20) 215 2,866 Consumer 7,601 (1,386) 144 (1,242) 1,786 8,145 Credit Card 220 (194) 8 (186) 478 512 Total $ 57,351 $ (1,616) $ 165 $ (1,451) $ 2,578 $ 58,478 (Dollars in thousands) Beginning Impact of Merger Charge- Recoveries Net Provisions Ending For Six Months Ended June 30, 2023 Construction $ 2,973 $ 1,222 $ — $ — 7 $ 7 $ (1,816) $ 2,386 Residential real estate 2,622 4,974 — — 34 34 1,521 9,151 Residential rentals — — — — — — — — Commercial real estate 4,899 3,742 — — — — 1,626 10,267 Commercial 1,652 401 — — 8 8 (105) 1,956 Consumer 4,497 452 — (284) 165 (119) 424 5,254 Credit Card — — — — — — — — Total $ 16,643 $ 10,791 $ — $ (284) $ 214 $ (70) $ 1,650 $ 29,014
Schedule of collateral-dependent loans	The following table presents the amortized cost basis of collateral-dependent loans by loan portfolio segment. June 30, 2024 (Dollars in thousands) Real Estate Collateral Other Collateral Total Construction $ 207 $ — $ 207 Residential real estate 19,072 — 19,072 Commercial real estate 7,746 — 7,746 Commercial — 3,302 3,302 Consumer — 387 387 Total $ 27,025 $ 3,689 $ 30,714 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 June 30, 2024, and there were no modifications to loans for borrowers experiencing financial difficulty during the three months ended December 31, 2023. (dollars in thousands) Term Extension Interest Rate Reduction Payment Delay and Term Extension Term Extension and Interest Rate Reduction Payment Delay Total % of Total Portfolio Segment June 30, 2024 Construction $ — $ — $ — $ — $ — $ — — % Residential real estate — — — — — — — % Residential rentals — — — — — — — % Commercial real estate 108 — — — — 108 0.01 % Commercial 222 — — — — 222 0.10 % Consumer — — — — — — — % Credit Cards — — — — — — — % Total $ 330 $ — $ — $ — $ — $ 330 0.01 % (dollars in thousands) Term Extension Interest Rate Reduction Payment Delay and Term Extension Term Extension and Interest Rate Reduction Payment Delay Total % of Total Portfolio Segment December 31, 2023 Construction $ — $ — $ — $ — $ — $ — — % Residential real estate — — — — — — — % Residential rentals — — — — — — — % Commercial real estate 125 — — — — 125 0.01 % Commercial 242 — — — — 242 0.11 % Consumer — — — — — — — % Credit Cards — — — — — — — % Total $ 367 $ — $ — $ — $ — $ 367 0.01 % The following table presents the financial effect of loan modifications made to borrowers experiencing financial difficulty during the three months ended June 30, 2024, and there were no modifications to loans for borrowers experiencing financial difficulty during the three months ended December 31, 2023. (dollars in thousands) Weighted-Average Months of Term Extension June 30, 2024 Commercial real estate 12 months Commercial 12 months (dollars in thousands) Weighted-Average Months of Term Extension December 31, 2023 Commercial real estate 1.0 year Commercial 1.0 year
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 June 30, 2024, and there were no loan modifications made to borrowers experiencing financial difficulty at December 31, 2023. Accruing (Dollars in thousands) 30‑59 days past due 60‑89 days past due 90 days past due and still accruing 90 days past due and not accruing Total past due Current Accrual Current Non-Accrual Total Recorded Investment June 30, 2024 Construction $ — $ — $ — $ — $ — $ — $ — $ — Residential real estate — — — — — — — — Commercial real estate — — — — — — 108 108 Commercial — — — — — — 222 222 Consumer — — — — — — — — Credit Cards — — — — — — — — Total $ — $ — $ — $ — $ — $ — $ 330 $ 330 Accruing (Dollars in thousands) 30‑59 days past due 60‑89 days past due 90 days past due and still accruing 90 days past due and not accruing Total past due Current Accrual Current Non-Accrual Total Recorded Investment December 31, 2023 Construction $ — $ — $ — $ — $ — $ — $ — $ — Residential real estate — — — — — — — — Residential rentals — — — — — — — — Commercial real estate — — — — — — 125 125 Commercial — — — — — 153 89 242 Consumer — — — — — — — — Credit Cards — — — — — — — — Total $ — $ — $ — $ — $ — $ 153 $ 214 $ 367

Goodwill and Other Intangibles

Goodwill and Other Intangibles (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 2024 and December 31, 2023. June 30, 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 $ — $ — $ (16,206) $ 42,945 3.6 years Total other intangible assets $ 59,151 $ — $ — $ (16,206) $ 42,945 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 June 30, 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 $ 4,634 2025 8,589 2026 7,398 2027 6,208 2028 5,060 Thereafter 11,056 Total amortizing intangible assets $ 42,945

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2024
Leases [Abstract]
Information about leases	The following tables present information about the Company’s leases. (Dollars in thousands) June 30, 2024 December 31, 2023 Lease liabilities $ 12,189 $ 12,857 Right-of-use assets $ 11,762 $ 12,487 Weighted average remaining lease term 10.61 years 10.88 years Weighted average discount rate 3.26 % 3.24 % Remaining lease term - min 0.08 years 0.39 years Remaining lease term - max 17.18 years 17.68 years Three Months Ended June 30, Six Months Ended June 30, Lease cost (in thousands) 2024 2023 2024 2023 Operating lease cost $ 494 $ 327 $ 986 $ 667 Total lease cost $ 494 $ 327 $ 986 $ 667 Cash paid for amounts included in the measurement of lease liabilities $ 466 $ 310 $ 928 $ 631
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 June 30, 2024 Six months ending December 31, 2024 $ 899 2025 1,680 2026 1,639 2027 1,511 2028 1,460 Thereafter 7,281 Total undiscounted cash flows $ 14,470 Discount 2,281 Lease liabilities $ 12,189
Minimum future annual rental income	The following table presents our minimum future annual rental income on such leases as of June 30, 2024. (In thousands) As of June 30, 2024 Six months ending December 31, 2024 $ 446 2025 908 2026 932 2027 619 2028 637 Thereafter 2,477 Total $ 6,019

Deposits (Tables)

Deposits (Tables)	6 Months Ended
	Jun. 30, 2024
Deposits [Abstract]
Summary of Deposits	Deposits consist of the following categories as of the dates indicated: (dollars in thousands) June 30, 2024 December 31, 2023 Balance % Balance % Noninterest-bearing demand $ 1,587,252 30.83 % $ 1,258,037 23.36 % Interest-bearing: Demand 658,512 12.79 % 1,165,546 21.64 % Money market deposits 1,337,274 25.97 % 1,430,603 26.56 % Savings 352,069 6.84 % 347,324 6.45 % Certificates of deposit 1,213,778 23.57 % 1,184,610 21.99 % Total interest-bearing 3,561,633 69.17 % 4,128,083 76.64 % Total Deposits $ 5,148,885 100.00 % $ 5,386,120 100.00 % At June 30, 2024, the scheduled contractual maturities of certificates of deposit are as follows: (dollars in thousands) June 30, 2024 Within one year $ 1,012,597 Year 2 169,730 Year 3 16,729 Year 4 8,512 Year 5 6,206 Thereafter 4 $ 1,213,778
Schedule of Contractual Maturities of Certificates of Deposit	At June 30, 2024, the scheduled contractual maturities of certificates of deposit are as follows: (dollars in thousands) June 30, 2024 Within one year $ 1,012,597 Year 2 169,730 Year 3 16,729 Year 4 8,512 Year 5 6,206 Thereafter 4 $ 1,213,778

Borrowings (Tables)

Borrowings (Tables)	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Schedule of Long-Term Debt	Long-term debt consisted of the following: (dollars in thousands) June 30, 2024 December 31, 2023 Issue Date Stated Maturity Date Earliest Call Date Interest Rate FHLB Advances $ 50,000 — 2024 2025 4.786% Total long-term advances 50,000 — 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 (4,299) (4,822) Total long-term debt $ 122,820 $ 72,297

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 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 six months ended June 30, 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 51,610 11.39 53,279 11.31 43,651 11.32 Vested (27,865) 17.07 (35,146) 11.56 — — Forfeited — — (3,256) 11.56 — — Nonvested at end of period 69,067 $ 11.74 179,932 $ 11.49 43,651 $ 11.32

Derivatives (Tables)

Derivatives (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 2024 and December 31, 2023. June 30, 2024 December 31, 2023 (Dollars in thousands) Notional Amount Estimated Fair Value Notional Amount Estimated Fair Value Asset - IRLCs $ 13,904 $ 208 $ 6,785 $ 110 Asset - TBA securities 19,500 85 1,000 2 Liability - TBA securities 4,000 7 18,000 176

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jun. 30, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Accumulated Other Comprehensive Loss	The following table provides information on the changes in the component of accumulated other comprehensive income (loss) for the three and six months ended June 30, 2024 and 2023. Three Months Ended June 30, 2024 Three Months Ended June 30, 2023 Six Months Ended June 30, 2024 Six Months Ended June 30, 2023 (Dollars in thousands) Net Unrealized Losses Net Unrealized Losses Net Unrealized Losses Net Unrealized Gains And (Losses) Beginning of period $ (8,058) $ (8,161) $ (7,494) $ (9,021) Other comprehensive (loss) income, net of tax (202) (400) (766) 460 End of period $ (8,260) $ (8,561) $ (8,260) $ (8,561)

Regulatory Capital (Tables)

Regulatory Capital (Tables)	6 Months Ended
	Jun. 30, 2024
Regulatory Capital Requirements under Banking Regulations [Abstract]
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations	The table presents the actual and required capital ratios for the Company and Bank as of June 30, 2024 and December 31, 2023. (dollars in thousands) Actual Regulatory Min. Ratio + CCB (1) Required To Be Considered Well Capitalized June 30, 2024 Amount Ratio Amount Ratio Amount Ratio Common Tier 1 Capital to RWA The Company $ 435,238 9.06 % $ 336,226 7.00 % $ 312,210 6.50 % The Bank 501,003 10.45 % 335,756 7.00 % 311,773 6.50 % Tier 1 Capital to RWA The Company 464,554 9.67 % 408,275 8.50 % 384,258 8.00 % The Bank 501,003 10.45 % 407,704 8.50 % 383,721 8.00 % Total Capital to RWA The Company 567,680 11.82 % 504,339 10.50 % 480,323 10.00 % The Bank 560,625 11.69 % 503,634 10.50 % 479,651 10.00 % Tier 1 Capital to AA (Leverage) (2) The Company 464,554 8.07 % 230,250 4.00 % 287,813 5.00 % The Bank 501,003 8.71 % 230,024 4.00 % 287,530 5.00 % December 31, 2023 Common Tier 1 Capital to RWA The Company $ 408,317 8.69 % $ 328,825 7.00 % $ 305,338 6.50 % The Bank 470,200 10.02 % 328,511 7.00 % 305,046 6.50 % Tier 1 Capital to RWA The Company 437,475 9.31 % 399,288 8.50 % 375,800 8.00 % The Bank 470,200 10.02 % 398,906 8.50 % 375,441 8.00 % Total Capital to RWA The Company 539,200 11.48 % 493,238 10.50 % 469,750 10.00 % The Bank 528,786 11.27 % 492,766 10.50 % 469,301 10.00 % Tier 1 Capital to AA (Leverage) (2) The Company 437,475 7.74 % 225,965 4.00 % 282,456 5.00 % The Bank 470,200 8.33 % 225,797 4.00 % 282,247 5.00 % The following tables present the capital amounts as of June 30, 2024 and December 31, 2023. Regulatory Capital and Ratios The Company The Bank (dollars in thousands) June 30, 2024 December 31, 2023 June 30, 2024 December 31, 2023 Common equity $ 522,783 $ 511,135 $ 587,283 $ 570,100 Goodwill (4) (61,460) (63,266) (61,460) (63,266) Core deposit intangible (3) (32,313) (38,069) (32,313) (38,069) DTAs that arise from net operating loss and tax credit carry forwards (2,032) (8,977) (767) (6,059) AOCI losses 8,260 7,494 8,260 7,494 Common Equity Tier 1 Capital 435,238 408,317 501,003 470,200 TRUPs 29,316 29,158 — — Tier 1 Capital 464,554 437,475 501,003 470,200 Allowable reserve for credit losses and other Tier 2 adjustments 59,622 58,586 59,622 58,586 Subordinated debentures 43,504 43,139 — — Total Capital $ 567,680 $ 539,200 $ 560,625 $ 528,786 Risk-Weighted Assets ("RWA") $ 4,803,230 $ 4,697,504 $ 4,796,512 $ 4,693,009 Average Assets ("AA") $ 5,756,260 $ 5,649,116 $ 5,750,604 $ 5,644,930 ____________________________________ (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 .

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 2024 MSRs (1) $ 5,995 Market Approach Weighted average prepayment speed (PSA) (2) 136 IRLCs - net asset $ 208 Market Approach Range of pull through rate 77% - 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 and six months ended June 30, 2024. (Dollars in thousands) Three Months Ended June 30, 2024 Six Months Ended June 30, 2024 Beginning balance $ 5,821 $ 5,926 Servicing rights resulting from sales of loans 80 198 Valuation adjustment 94 (129) Ending balance $ 5,995 $ 5,995
Schedule of Derivative Asset at Fair Value	The following table presents activity in the IRLCs - net asset for the three and six months ended June 30, 2024. (Dollars in thousands) Three Months Ended June 30, 2024 Six Months Ended June 30, 2024 Beginning balance $ 232 $ 110 Valuation adjustment (24) 98 Ending balance $ 208 $ 208
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 June 30, 2024 and December 31, 2023. No assets were transferred from one hierarchy level to another during the first six months of 2024 or 2023. (Dollars in thousands) Fair Value Quoted Prices Significant Other Observable Inputs Significant Unobservable Inputs June 30, 2024 Assets: Securities available for sale: U.S. Government agencies $ 20,160 $ — $ 20,160 $ — Mortgage-backed 105,473 — 105,473 — Other debt securities 5,961 — 5,961 — 131,594 — 131,594 — Equity securities 5,699 — 5,699 — TBA forward trades 85 — 85 — Loans Held for Sale 27,829 — 27,829 — Loans Held for Investment, at fair value 9,515 — 9,515 — MSRs 5,995 — — 5,995 IRLCs 208 — — 208 Total assets at fair value $ 180,925 $ — $ 174,722 $ 6,203 Liabilities: TBA securities 7 — 7 — Total liabilities at fair value $ 7 $ — $ 7 $ — (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) June 30, 2024 Nonrecurring measurements: Individually evaluated collateral dependent loans $ 2,311 Appraisal of collateral (1) Appraisal adjustment (2) Liquidation expense (2) 40% 10% 40% 10% Other real estate owned $ 179 Appraisal of collateral (1) Appraisal adjustment (2) 0% - 20% 0% Repossessed properties $ 1,560 Appraisal of collateral (1) Appraisal adjustment (2) 0% - 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)	6 Months Ended
	Jun. 30, 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 June 30, 2024 and December 31, 2023 were estimated using an exit price notion. June 30, 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 $ 138,883 $ 138,883 $ 138,883 $ — $ — Investment securities - AFS 131,594 131,594 — 131,594 — Investment securities - HTM, net 499,431 440,164 — 440,164 — Equity securities 5,699 5,699 — 5,699 — Restricted securities 21,725 21,725 — 21,725 — Loans held for sale 27,829 27,829 — 27,829 — TBA derivatives trades 85 85 — 85 — Cash surrender value on life insurance 102,969 102,969 — 102,969 — Loans, at fair value 9,515 9,515 — 9,515 — Loans, net 4,637,744 4,454,771 — — 4,454,771 MSRs 5,995 5,995 — — 5,995 IRLCs 208 208 — — 208 Liabilities Deposits: Noninterest-bearing demand $ 1,587,252 $ 1,587,252 $ — $ 1,587,252 $ — Checking plus interest 658,512 658,512 — 658,512 — Money Market 1,337,274 1,337,274 — 1,337,274 — Savings 350,734 350,734 — 350,734 — Club 1,335 1,335 — 1,335 — Certificates of Deposit 1,213,778 1,212,174 — 1,212,174 — Advances from FHLB 81,000 80,786 — 80,786 — Subordinated debt, net 43,504 43,587 — 43,587 — TRUPS, net 29,316 27,691 — 27,691 — TBA Securities 7 7 — 7 — IRLCs — — — — — 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 — 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)	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Schedule of Commitments Outstanding	The following table provides information on commitments outstanding at June 30, 2024 and December 31, 2023. (Dollars in thousands) June 30, 2024 December 31, 2023 Commitments to extend credit $ 676,715 $ 613,266 Letters of credit 26,490 28,519 Total $ 703,205 $ 641,785

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 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 June 30, Six Months Ended June 30, (In thousands, except per share data) 2024 2023 2024 2023 Net Income $ 11,234 $ 4,018 $ 19,418 $ 10,475 Average number of common shares outstanding 33,234 19,903 33,212 19,895 Dilutive effect of common stock equivalents — — — — Average number of shares used to calculate diluted EPS 33,234 19,903 33,212 19,895 Anti-dilutive shares 9 — 5 — Earnings per common share Basic $ 0.34 $ 0.20 $ 0.58 $ 0.53 Diluted $ 0.34 $ 0.20 $ 0.58 $ 0.53

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Jun. 30, 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 and six months ended June 30, 2024 and 2023. Three Months Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2024 2023 2024 2023 Noninterest Income In-scope of Topic 606: Service charges on deposit accounts $ 1,493 $ 1,264 $ 3,001 $ 2,477 Trust and investment fee income 896 399 1,630 831 Interchange income 1,717 1,311 3,304 2,523 Title Company revenue 165 186 243 323 Other noninterest income 981 500 1,783 945 Noninterest Income (in-scope of Topic 606) 5,252 3,660 9,961 7,099 Noninterest Income (out-of-scope of Topic 606) 3,188 1,634 5,046 3,529 Total Noninterest Income $ 8,440 $ 5,294 $ 15,007 $ 10,628

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	Jun. 30, 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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Activity in the ACL on held-to maturity securities
Balance, beginning of period	$ 116		$ 94	$ 0
Other debt securities, provision for credit losses	(8)	$ 163	14	163
Balance, end of Period	$ 108	$ 163	$ 108	$ 163

Investment Securities (Narrativ

Investment Securities (Narrative) (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2024 USD ($) security	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($) security	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Schedule of Investments [Line Items]
Other debt securities, provision for credit losses	$ (8,000)	$ 163,000	$ 14,000	$ 163,000
Available for sale securities sold	0	$ 0	0	0
Equity securities, at fair value	5,699,000		5,699,000		$ 5,703,000
Fair value adjustment through earnings			19,418,000	10,475,000
Held-to-maturity securities	$ 499,431,000		$ 499,431,000		513,188,000
Available-for-sale debt securities, unrealized loss, number of positions | security	110		110
Available-for-sale securities, continuous unrealized loss position, unrealized losses	$ 11,425,000		$ 11,425,000		10,380,000
Debt Securities, available-for-sale, impairment loss			0
Securities past due or on nonaccrual	0		0
Held-to-maturity, amortized cost	499,539,000		499,539,000		513,282,000
Available-for-sale, amortized cost	142,959,000		142,959,000		120,832,000
Total
Schedule of Investments [Line Items]
Held-to-maturity, amortized cost	199,700,000		199,700,000		185,900,000
Available-for-sale, amortized cost	53,800,000		53,800,000		54,500,000
Speculative
Schedule of Investments [Line Items]
Held-to-maturity securities	$ 0		0		$ 0
Revision of Prior Period, Change in Accounting Principle, Adjustment
Schedule of Investments [Line Items]
Fair value adjustment through earnings			$ (200,000)	$ (3,000)

Investment Securities (Amortize

Investment Securities (Amortized Cost and Estimated Fair Values of Investment Securities) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022	Mar. 31, 2022
Available-for-sale securities:
Amortized Cost	$ 142,959		$ 120,832
Gross Unrealized Gains	60		69
Gross Unrealized Losses	11,425		10,380
Investment securities - AFS	131,594		110,521
Held-to-maturity securities:
Amortized Cost	499,539		513,282
Gross Unrealized Gains	30		57
Gross Unrealized Losses	59,405		55,509
Estimated Fair Value	440,164		457,830
Allowance for Credit Losses	108	$ 116	94	$ 163	$ 0	$ 0
U.S. Treasury and government agencies
Available-for-sale securities:
Amortized Cost	23,213		23,472
Gross Unrealized Gains	4		5
Gross Unrealized Losses	3,057		3,002
Investment securities - AFS	20,160		20,475
Held-to-maturity securities:
Amortized Cost	143,165		143,442
Gross Unrealized Gains	2		0
Gross Unrealized Losses	10,805		10,377
Estimated Fair Value	132,362		133,065
Allowance for Credit Losses	0		0
Mortgage-backed-residential
Available-for-sale securities:
Amortized Cost	113,623		91,280
Gross Unrealized Gains	18		5
Gross Unrealized Losses	8,168		7,258
Investment securities - AFS	105,473		84,027
Held-to-maturity securities:
Amortized Cost	344,406		357,870
Gross Unrealized Gains	0		0
Gross Unrealized Losses	47,530		43,864
Estimated Fair Value	296,876		314,006
Allowance for Credit Losses	0		0
Other debt securities
Available-for-sale securities:
Amortized Cost	6,123		6,080
Gross Unrealized Gains	38		59
Gross Unrealized Losses	200		120
Investment securities - AFS	5,961		6,019
Held-to-maturity securities:
Amortized Cost	10,500		10,500
Gross Unrealized Gains	0		0
Gross Unrealized Losses	1,036		1,249
Estimated Fair Value	9,464		9,251
Allowance for Credit Losses	108		94
States and political subdivisions
Held-to-maturity securities:
Amortized Cost	1,468		1,470
Gross Unrealized Gains	28		57
Gross Unrealized Losses	34		19
Estimated Fair Value	1,462		1,508
Allowance for Credit Losses	$ 0		$ 0

Investment Securities (Credit Q

Investment Securities (Credit Quality Information) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	$ 499,539	$ 513,282
Aaa
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	484,000	498,631
Aa1
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	1,468	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	5,571	4,681
U.S. Treasury and government agencies
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	143,165	143,442
U.S. Treasury and government agencies | Aaa
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	139,594	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	3,571	2,681
Mortgage-backed-residential
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	344,406	357,870
Mortgage-backed-residential | Aaa
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Amortized Cost	344,406	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	1,468	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	1,468	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	Jun. 30, 2024	Dec. 31, 2023
Available-for-sale securities:
Fair value, less than 12 months	$ 48,277	$ 24,479
Unrealized losses, less than 12 months	850	150
Fair value, more than 12 months	66,031	72,504
Unrealized losses, more than 12 months	10,575	10,230
Fair Value	114,308	96,983
Unrealized Losses	11,425	10,380
U.S. Treasury and government agencies
Available-for-sale securities:
Fair value, less than 12 months	73	74
Unrealized losses, less than 12 months	0	0
Fair value, more than 12 months	17,328	17,750
Unrealized losses, more than 12 months	3,057	3,002
Fair Value	17,401	17,824
Unrealized Losses	3,057	3,002
Mortgage-backed-residential
Available-for-sale securities:
Fair value, less than 12 months	45,976	24,405
Unrealized losses, less than 12 months	741	150
Fair value, more than 12 months	46,788	52,864
Unrealized losses, more than 12 months	7,427	7,108
Fair Value	92,764	77,269
Unrealized Losses	8,168	7,258
Other debt securities
Available-for-sale securities:
Fair value, less than 12 months	2,228	0
Unrealized losses, less than 12 months	109	0
Fair value, more than 12 months	1,915	1,890
Unrealized losses, more than 12 months	91	120
Fair Value	4,143	1,890
Unrealized Losses	$ 200	$ 120

Investment Securities (Amorti_2

Investment Securities (Amortized Cost and Estimated Fair Value by Maturity Date) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Amortized Cost
Due in one year or less	$ 2,477
Due after one year through five years	15,098
Due after five years through ten years	27,511
Due after ten years	97,873
Amortized Cost	142,959	$ 120,832
Fair Value
Due in one year or less	2,477
Due after one year through five years	14,067
Due after five years through ten years	24,591
Due after ten years	90,459
Total	131,594	110,521
Amortized Cost
Due in one year or less	7,058
Due after one year through five years	129,280
Due after five years through ten years	37,670
Due after ten years	325,531
Amortized Cost	499,539	513,282
Fair Value
Due in one year or less	7,032
Due after one year through five years	121,184
Due after five years through ten years	34,457
Due after ten years	277,491
Total	$ 440,164	$ 457,830

Loans and Allowance for Credi_3

Loans and Allowance for Credit Losses (Narrative) (Details)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024 USD ($) credit_card	Jun. 30, 2023 USD ($) borrower	Jun. 30, 2024 USD ($) credit_card property	Jun. 30, 2023 USD ($) borrower	Dec. 31, 2023 USD ($) property
Loan Receivables:
Loans, net	$ 4,647,259,000		$ 4,647,259,000		$ 4,583,659,000
Modifications		$ 0	330,000	$ 0	367,000
Number of borrowers experiencing financial difficulty | borrower		0		0
Subsequent defaults on loan modifications	0	$ 0	0	$ 0
Federal National Mortgage Association (FNMA)
Loan Receivables:
Loans, net	368,000,000		368,000,000
Federal Home Loan Mortgage Corporation (FHLMC)
Loan Receivables:
Loans, net	120,100,000		120,100,000
Residential real estate
Loan Receivables:
Modifications			0		0
Consumer mortgage loans	$ 200,000		$ 200,000		$ 200,000
Number of residential real estate property | property			0		0
Consumer
Loan Receivables:
Modifications			$ 0		$ 0
Credit Cards
Loan Receivables:
Number of loans downgraded | credit_card	7		7
Modifications			$ 0		0
Northwest Bank Branches
Loan Receivables:
Fees	$ 3,200,000		3,200,000		2,200,000
Severn Bancorp, Inc.
Loan Receivables:
Loans acquired, net of related discount	4,000,000		4,000,000		4,700,000
Loans acquired as part of acquisition	273,500,000		273,500,000		297,900,000
The Community Financial Corporation
Loan Receivables:
Business combination, loan acquired	1,558,900,000		1,558,900,000		1,643,400,000
Loans acquired, net of related discount	$ 96,600,000		$ 96,600,000		$ 108,400,000

Loans and Allowance for Credi_4

Loans and Allowance for Credit Losses (Loans by Class of Loan Portfolio) (Details) $ in Thousands	Jun. 30, 2024 USD ($)	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Jun. 30, 2023 USD ($)	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	$ 4,705,737		$ 4,641,010
% of Total Loans	1		1
Less: allowance for credit losses	$ (58,478)	$ (57,336)	$ (57,351)	$ (29,014)	$ (28,464)	$ (16,643)
Loans, net	4,647,259		4,583,659
Construction
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	$ 327,875		$ 299,000
% of Total Loans	0.0697		0.0640
Less: allowance for credit losses	$ (3,471)	(3,558)	$ (3,935)	(2,386)	(2,689)	(2,973)
Residential real estate
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	$ 1,539,591		$ 1,490,438
% of Total Loans	0.3272		0.3210
Less: allowance for credit losses	$ (22,060)	(20,768)	$ (21,949)	(9,151)	(8,747)	(2,622)
Commercial real estate
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	$ 2,287,497		$ 2,286,154
% of Total Loans	0.4860		0.4930
Less: allowance for credit losses	$ (21,424)	(21,250)	$ (20,975)	(10,267)	(9,858)	(4,899)
Commercial
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	$ 218,987		$ 229,939
% of Total Loans	0.0465		0.0500
Less: allowance for credit losses	$ (2,866)	(2,879)	$ (2,671)	(1,956)	(1,921)	(1,652)
Consumer
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	$ 324,479		$ 328,896
% of Total Loans	0.0690		0.0710
Less: allowance for credit losses	$ (8,145)	(8,682)	$ (7,601)	(5,254)	$ (5,249)	(4,497)
Credit Cards
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	$ 7,308		$ 6,583
% of Total Loans	0.0016		0.0010
Less: allowance for credit losses	$ (512)	$ (199)	$ (220)	$ 0		$ 0

Loans and Allowance for Credi_5

Loans and Allowance for Credit Losses (Nonaccrual Loans by Loan Class) (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Nonaccrual loans:
Non-Accrual with no allowance for credit loss	$ 10,986	$ 11,247
Non-Accrual with an allowance for credit loss	3,851	1,537
Total Non-Accrual Loans	14,837	12,784
Interest income, non-accrual with no allowance for credit loss	183	399
Interest income, non-accrual with an allowance for credit loss	60	53
Interest income, total non-accruals	243	452
Non-Accrual Delinquent Loans	5,776	6,504
Non-Accrual Current Loans	9,061	6,280
Total Non-Accrual Loans	14,837	12,784
Construction
Nonaccrual loans:
Non-Accrual with no allowance for credit loss	207	626
Non-Accrual with an allowance for credit loss	0	0
Total Non-Accrual Loans	207	626
Non-Accrual Delinquent Loans	207	221
Non-Accrual Current Loans	0	405
Total Non-Accrual Loans	207	626
Residential real estate
Nonaccrual loans:
Non-Accrual with no allowance for credit loss	6,650	5,865
Non-Accrual with an allowance for credit loss	130	480
Total Non-Accrual Loans	6,780	6,345
Non-Accrual Delinquent Loans	4,467	4,137
Non-Accrual Current Loans	2,313	2,208
Total Non-Accrual Loans	6,780	6,345
Commercial real estate
Nonaccrual loans:
Non-Accrual with no allowance for credit loss	3,562	4,364
Non-Accrual with an allowance for credit loss	2,269	0
Total Non-Accrual Loans	5,831	4,364
Non-Accrual Delinquent Loans	572	1,215
Non-Accrual Current Loans	5,259	3,149
Total Non-Accrual Loans	5,831	4,364
Commercial
Nonaccrual loans:
Non-Accrual with no allowance for credit loss	313	176
Non-Accrual with an allowance for credit loss	1,145	368
Total Non-Accrual Loans	1,458	544
Non-Accrual Delinquent Loans	194	28
Non-Accrual Current Loans	1,264	516
Total Non-Accrual Loans	1,458	544
Consumer
Nonaccrual loans:
Non-Accrual with no allowance for credit loss	254	216
Non-Accrual with an allowance for credit loss	134	689
Total Non-Accrual Loans	388	905
Non-Accrual Delinquent Loans	336	903
Non-Accrual Current Loans	52	2
Total Non-Accrual Loans	388	905
Credit Cards
Nonaccrual loans:
Non-Accrual with no allowance for credit loss	0	0
Non-Accrual with an allowance for credit loss	173	0
Total Non-Accrual Loans	173	0
Non-Accrual Delinquent Loans	0	0
Non-Accrual Current Loans	173	0
Total Non-Accrual Loans	173	0
Residential rentals
Nonaccrual loans:
Non-Accrual Delinquent Loans	0	0
Non-Accrual Current Loans	0	0
Total Non-Accrual Loans	$ 0	$ 0

Loans and Allowance for Credi_6

Loans and Allowance for Credit Losses (Loan Risk Ratings) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Credit quality categories
Prior	$ 1,264,908		$ 1,264,908		$ 1,059,173
2020 & 2019	441,898		441,898		277,491
2021 & 2020	809,275		809,275		461,213
2022 & 2021	1,082,299		1,082,299		837,657
2023 & 2022	673,022		673,022		1,107,579
2024 & 2023	204,004		204,004		670,765
Revolving Loans	215,981		215,981		201,381
Revolving Converted to Term Loans	14,350		14,350		25,751
Total	4,705,737		4,705,737		4,641,010
Current period gross charge-offs
Total gross charge-offs	(962)	$ (177)	(1,616)	$ (284)
Loans Evaluated By Performing Status
Credit quality categories
Prior	0		0		0
2020 & 2019	0		0		0
2021 & 2020	0		0		0
2022 & 2021	0		0		0
2023 & 2022	0		0		0
2024 & 2023	0		0		0
Revolving Loans	7,308		7,308		6,583
Revolving Converted to Term Loans	0		0		0
Total	7,308		7,308		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			(194)		(111)
Revolving Converted to Term Loans			0		0
Total gross charge-offs			(194)		(111)
Total loans by risk category
Credit quality categories
Prior	1,264,908		1,264,908		1,059,173
2020 & 2019	441,898		441,898		277,491
2021 & 2020	809,275		809,275		461,213
2022 & 2021	1,082,299		1,082,299		837,657
2023 & 2022	673,022		673,022		1,107,579
2024 & 2023	204,004		204,004		670,765
Revolving Loans	208,673		208,673		194,798
Revolving Converted to Term Loans	14,350		14,350		25,751
Total	4,698,429		4,698,429		4,634,427
Current period gross charge-offs
Gross charge-offs, prior			(405)		(1,035)
Gross charge-offs, 2020 & 2019			(9)		0
Gross charge-offs, 2021 & 2020			(58)		(830)
Gross charge-offs, 2022 & 2021			(918)		(17)
Gross charge-offs, 2023 & 2022			(16)		(8)
Gross charge-offs, 2024 & 2023			0		(4)
Revolving Loans			(16)		(126)
Revolving Converted to Term Loans			0		(242)
Total gross charge-offs			(1,422)		(2,262)
Pass
Credit quality categories
Prior	1,244,438		1,244,438		1,035,412
2020 & 2019	441,351		441,351		274,768
2021 & 2020	798,029		798,029		460,644
2022 & 2021	1,075,070		1,075,070		830,594
2023 & 2022	672,335		672,335		1,101,448
2024 & 2023	204,004		204,004		670,765
Revolving Loans	206,128		206,128		192,565
Revolving Converted to Term Loans	14,288		14,288		25,296
Total	4,655,643		4,655,643		4,591,492
Special Mention
Credit quality categories
Prior	12,017		12,017		15,283
2020 & 2019	540		540		587
2021 & 2020	7,183		7,183		564
2022 & 2021	5,044		5,044		6,429
2023 & 2022	0		0		4,446
2024 & 2023	0		0		0
Revolving Loans	704		704		545
Revolving Converted to Term Loans	62		62		409
Total	25,550		25,550		28,263
Substandard
Credit quality categories
Prior	8,453		8,453		8,478
2020 & 2019	7		7		2,136
2021 & 2020	4,063		4,063		5
2022 & 2021	2,185		2,185		634
2023 & 2022	687		687		1,685
2024 & 2023	0		0		0
Revolving Loans	1,841		1,841		1,688
Revolving Converted to Term Loans	0		0		46
Total	17,236		17,236		14,672
Construction
Credit quality categories
Prior	36,826		36,826		23,649
2020 & 2019	11,583		11,583		15,721
2021 & 2020	24,701		24,701		14,773
2022 & 2021	81,478		81,478		34,337
2023 & 2022	113,451		113,451		101,844
2024 & 2023	45,465		45,465		100,620
Revolving Loans	13,754		13,754		8,056
Revolving Converted to Term Loans	617		617		0
Total	327,875		327,875		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	0	0	(12)	0	0
Construction | Pass
Credit quality categories
Prior	36,766		36,766		23,450
2020 & 2019	11,583		11,583		15,721
2021 & 2020	24,701		24,701		14,773
2022 & 2021	81,331		81,331		34,325
2023 & 2022	113,451		113,451		101,426
2024 & 2023	45,465		45,465		100,620
Revolving Loans	13,754		13,754		8,056
Revolving Converted to Term Loans	617		617		0
Total	327,668		327,668		298,371
Construction | Substandard
Credit quality categories
Prior	60		60		199
2020 & 2019	0		0		0
2021 & 2020	0		0		0
2022 & 2021	147		147		12
2023 & 2022	0		0		418
2024 & 2023	0		0		0
Revolving Loans	0		0		0
Revolving Converted to Term Loans	0		0		0
Total	207		207		629
Residential real estate
Credit quality categories
Prior	364,102		364,102		323,682
2020 & 2019	102,480		102,480		54,643
2021 & 2020	247,355		247,355		105,833
2022 & 2021	406,244		406,244		251,772
2023 & 2022	238,422		238,422		392,378
2024 & 2023	51,212		51,212		239,914
Revolving Loans	116,574		116,574		121,342
Revolving Converted to Term Loans	13,202		13,202		874
Total	1,539,591		1,539,591		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	0	0	(1)	0	(119)
Residential real estate | Pass
Credit quality categories
Prior	358,688		358,688		317,528
2020 & 2019	101,940		101,940		54,387
2021 & 2020	245,989		245,989		105,269
2022 & 2021	405,943		405,943		251,269
2023 & 2022	238,422		238,422		392,378
2024 & 2023	51,212		51,212		239,914
Revolving Loans	115,376		115,376		119,777
Revolving Converted to Term Loans	13,202		13,202		874
Total	1,530,772		1,530,772		1,481,396
Residential real estate | Special Mention
Credit quality categories
Prior	398		398		154
2020 & 2019	540		540		256
2021 & 2020	491		491		564
2022 & 2021	0		0		503
2023 & 2022	0		0		0
2024 & 2023	0		0		0
Revolving Loans	173		173		192
Revolving Converted to Term Loans	0		0		0
Total	1,602		1,602		1,669
Residential real estate | Substandard
Credit quality categories
Prior	5,016		5,016		6,000
2020 & 2019	0		0		0
2021 & 2020	875		875		0
2022 & 2021	301		301		0
2023 & 2022	0		0		0
2024 & 2023	0		0		0
Revolving Loans	1,025		1,025		1,373
Revolving Converted to Term Loans	0		0		0
Total	7,217		7,217		7,373
Commercial real estate
Credit quality categories
Prior	831,827		831,827		687,147
2020 & 2019	302,884		302,884		193,113
2021 & 2020	420,909		420,909		311,980
2022 & 2021	431,165		431,165		432,793
2023 & 2022	213,809		213,809		432,686
2024 & 2023	54,822		54,822		210,915
Revolving Loans	32,081		32,081		14,973
Revolving Converted to Term Loans	0		0		2,547
Total	2,287,497		2,287,497		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	0	0	(1,326)
Commercial real estate | Pass
Credit quality categories
Prior	817,330		817,330		670,042
2020 & 2019	302,884		302,884		190,753
2021 & 2020	411,101		411,101		311,980
2022 & 2021	426,121		426,121		426,750
2023 & 2022	213,809		213,809		428,240
2024 & 2023	54,822		54,822		210,915
Revolving Loans	31,520		31,520		14,873
Revolving Converted to Term Loans	0		0		2,138
Total	2,257,587		2,257,587		2,255,691
Commercial real estate | Special Mention
Credit quality categories
Prior	11,492		11,492		14,986
2020 & 2019	0		0		331
2021 & 2020	6,692		6,692		0
2022 & 2021	5,044		5,044		5,501
2023 & 2022	0		0		4,446
2024 & 2023	0		0		0
Revolving Loans	531		531		100
Revolving Converted to Term Loans	0		0		409
Total	23,759		23,759		25,773
Commercial real estate | Substandard
Credit quality categories
Prior	3,005		3,005		2,119
2020 & 2019	0		0		2,029
2021 & 2020	3,116		3,116		0
2022 & 2021	0		0		542
2023 & 2022	0		0		0
2024 & 2023	0		0		0
Revolving Loans	30		30		0
Revolving Converted to Term Loans	0		0		0
Total	6,151		6,151		4,690
Commercial
Credit quality categories
Prior	31,011		31,011		24,074
2020 & 2019	12,726		12,726		13,015
2021 & 2020	47,421		47,421		14,464
2022 & 2021	34,125		34,125		42,046
2023 & 2022	30,804		30,804		36,384
2024 & 2023	16,782		16,782		27,901
Revolving Loans	45,587		45,587		49,725
Revolving Converted to Term Loans	531		531		22,330
Total	218,987		218,987		229,939
Current period gross charge-offs
Gross charge-offs, prior			(23)		(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	(23)	0	(23)	0	(243)
Commercial | Pass
Credit quality categories
Prior	30,525		30,525		23,771
2020 & 2019	12,726		12,726		12,946
2021 & 2020	47,411		47,411		14,464
2022 & 2021	32,624		32,624		41,621
2023 & 2022	30,185		30,185		35,897
2024 & 2023	16,782		16,782		27,901
Revolving Loans	44,803		44,803		49,160
Revolving Converted to Term Loans	469		469		22,284
Total	215,525		215,525		228,044
Commercial | Special Mention
Credit quality categories
Prior	127		127		143
2020 & 2019	0		0		0
2021 & 2020	0		0		0
2022 & 2021	0		0		425
2023 & 2022	0		0		0
2024 & 2023	0		0		0
Revolving Loans	0		0		251
Revolving Converted to Term Loans	62		62		0
Total	189		189		819
Commercial | Substandard
Credit quality categories
Prior	359		359		160
2020 & 2019	0		0		69
2021 & 2020	10		10		0
2022 & 2021	1,501		1,501		0
2023 & 2022	619		619		487
2024 & 2023	0		0		0
Revolving Loans	784		784		314
Revolving Converted to Term Loans	0		0		46
Total	3,273		3,273		1,076
Consumer
Credit quality categories
Prior	1,142		1,142		621
2020 & 2019	12,225		12,225		999
2021 & 2020	68,889		68,889		14,163
2022 & 2021	129,287		129,287		76,709
2023 & 2022	76,536		76,536		144,287
2024 & 2023	35,723		35,723		91,415
Revolving Loans	677		677		702
Revolving Converted to Term Loans	0		0		0
Total	324,479		324,479		328,896
Current period gross charge-offs
Gross charge-offs, prior			(381)		(522)
Gross charge-offs, 2020 & 2019			(9)		0
Gross charge-offs, 2021 & 2020			(46)		(16)
Gross charge-offs, 2022 & 2021			(918)		(17)
Gross charge-offs, 2023 & 2022			(16)		(8)
Gross charge-offs, 2024 & 2023			0		(4)
Revolving Loans			(16)		(7)
Revolving Converted to Term Loans			0		0
Total gross charge-offs	(861)	$ (177)	(1,386)	(284)	(574)
Consumer | Pass
Credit quality categories
Prior	1,129		1,129		621
2020 & 2019	12,218		12,218		961
2021 & 2020	68,827		68,827		14,158
2022 & 2021	129,051		129,051		76,629
2023 & 2022	76,468		76,468		143,507
2024 & 2023	35,723		35,723		91,415
Revolving Loans	675		675		699
Revolving Converted to Term Loans	0		0		0
Total	324,091		324,091		327,990
Consumer | Special Mention
Credit quality categories
Prior	0		0		0
2020 & 2019	0		0		0
2021 & 2020	0		0		0
2022 & 2021	0		0		0
2023 & 2022	0		0		0
2024 & 2023	0		0		0
Revolving Loans	0		0		2
Revolving Converted to Term Loans	0		0		0
Total	0		0		2
Consumer | Substandard
Credit quality categories
Prior	13		13		0
2020 & 2019	7		7		38
2021 & 2020	62		62		5
2022 & 2021	236		236		80
2023 & 2022	68		68		780
2024 & 2023	0		0		0
Revolving Loans	2		2		1
Revolving Converted to Term Loans	0		0		0
Total	388		388		904
Credit Cards
Credit quality categories
Prior	0		0		0
2020 & 2019	0		0		0
2021 & 2020	0		0		0
2022 & 2021	0		0		0
2023 & 2022	0		0		0
2024 & 2023	0		0		0
Revolving Loans	7,308		7,308		6,583
Revolving Converted to Term Loans	0		0		0
Total	7,308		7,308		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			(194)		(111)
Revolving Converted to Term Loans			0		0
Total gross charge-offs	(78)		(194)	$ 0	(111)
Credit Cards | Performing
Credit quality categories
Prior	0		0		0
2020 & 2019	0		0		0
2021 & 2020	0		0		0
2022 & 2021	0		0		0
2023 & 2022	0		0		0
2024 & 2023	0		0		0
Revolving Loans	7,135		7,135		6,583
Revolving Converted to Term Loans	0		0		0
Total	7,135		7,135		$ 6,583
Credit Cards | Non-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	173		173
Revolving Converted to Term Loans	0		0
Total	$ 173		$ 173

Loans and Allowance for Credi_7

Loans and Allowance for Credit Losses (Aging of Past Due Financing Receivables) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	$ 4,705,737	$ 4,641,010
Percent of total loans, total loans	100%	100%
Loans, at fair value	$ 9,515	$ 9,944
Current
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	4,682,060	4,618,128
Non-Accrual Current Loans	$ 9,061	$ 6,280
Percent of total loans, accrual	0.9950	0.9950
Percent of total loans, nonaccrual	0.19%	0.13%
Total past due
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	$ 14,616	$ 16,602
Percent of total loans, total past due	0.31%	0.37%
30‑59 days past due
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	$ 6,362	$ 7,662
Percent of total loans, total past due	0.14%	0.17%
60‑89 days past due
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	$ 2,065	$ 1,698
Percent of total loans, total past due	0.04%	0.04%
90 days past due and still accruing
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	$ 413	$ 738
Percent of total loans, total past due	0.01%	0.02%
30-89 days past due and not accruing
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	$ 1,015	$ 1,493
Percent of total loans, total past due	0.02%	0.03%
90 days past due and not accruing
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	$ 4,761	$ 5,011
Percent of total loans, total past due	0.10%	0.11%
Construction
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	$ 327,875	$ 299,000
Construction | Current
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	327,386	296,455
Non-Accrual Current Loans	0	405
Construction | Total past due
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	489	2,140
Construction | 30‑59 days past due
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	282	1,919
Construction | 60‑89 days past due
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	0	0
Construction | 90 days past due and still accruing
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	0	0
Construction | 30-89 days past due and not accruing
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	0	0
Construction | 90 days past due and not accruing
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	207	221
Residential real estate
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	1,539,591	1,490,438
Residential real estate | Current
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	1,528,121	1,481,294
Non-Accrual Current Loans	2,313	2,208
Residential real estate | Total past due
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	9,157	6,936
Residential real estate | 30‑59 days past due
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	4,157	2,420
Residential real estate | 60‑89 days past due
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	378	271
Residential real estate | 90 days past due and still accruing
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	155	108
Residential real estate | 30-89 days past due and not accruing
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	860	1,469
Residential real estate | 90 days past due and not accruing
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	3,607	2,668
Commercial real estate
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	2,287,497	2,286,154
Commercial real estate | Current
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	2,280,805	2,281,774
Non-Accrual Current Loans	5,259	3,149
Commercial real estate | Total past due
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	1,433	1,231
Commercial real estate | 30‑59 days past due
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	568	16
Commercial real estate | 60‑89 days past due
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	293	0
Commercial real estate | 90 days past due and still accruing
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	0	0
Commercial real estate | 30-89 days past due and not accruing
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	0	0
Commercial real estate | 90 days past due and not accruing
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	572	1,215
Commercial
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	218,987	229,939
Commercial | Current
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	217,513	228,859
Non-Accrual Current Loans	1,264	516
Commercial | Total past due
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	210	564
Commercial | 30‑59 days past due
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	6	48
Commercial | 60‑89 days past due
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	10	0
Commercial | 90 days past due and still accruing
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	0	488
Commercial | 30-89 days past due and not accruing
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	143	0
Commercial | 90 days past due and not accruing
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	51	28
Consumer
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	324,479	328,896
Consumer | Current
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	321,471	323,376
Non-Accrual Current Loans	52	2
Consumer | Total past due
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	2,956	5,518
Consumer | 30‑59 days past due
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	1,253	3,224
Consumer | 60‑89 days past due
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	1,367	1,391
Consumer | 90 days past due and still accruing
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	0	0
Consumer | 30-89 days past due and not accruing
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	12	24
Consumer | 90 days past due and not accruing
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	324	879
Credit Cards
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	7,308	6,583
Credit Cards | Current
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	6,764	6,370
Non-Accrual Current Loans	173	0
Credit Cards | Total past due
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	371	213
Credit Cards | 30‑59 days past due
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	96	35
Credit Cards | 60‑89 days past due
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	17	36
Credit Cards | 90 days past due and still accruing
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	258	142
Credit Cards | 30-89 days past due and not accruing
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	0	0
Credit Cards | 90 days past due and not accruing
Financing Receivable, Past Due [Line Items]
Loans held for investment ($9,515 (2024) and $9,944 (2023), at fair value)	$ 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		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance	$ 57,336	$ 28,464	$ 57,351	$ 16,643	$ 16,643
Merger Adjustments				0
Total gross charge-offs	(962)	(177)	(1,616)	(284)
Recoveries	76	127	165	214
Net (charge-offs) recoveries	(886)	(50)	(1,451)	(70)
Provisions	2,028	600	2,578	1,650
Ending Balance	58,478	29,014	58,478	29,014	57,351
Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance		0		10,791	10,791
Construction
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance	3,558	2,689	3,935	2,973	2,973
Merger Adjustments				0
Total gross charge-offs	0	0	(12)	0	0
Recoveries	4	4	6	7
Net (charge-offs) recoveries	4	4	(6)	7
Provisions	(91)	(307)	(458)	(1,816)
Ending Balance	3,471	2,386	3,471	2,386	3,935
Construction | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance		0		1,222	1,222
Residential real estate
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance	20,768	8,747	21,949	2,622	2,622
Merger Adjustments				0
Total gross charge-offs	0	0	(1)	0	(119)
Recoveries	2	3	4	34
Net (charge-offs) recoveries	2	3	3	34
Provisions	1,290	401	108	1,521
Ending Balance	22,060	9,151	22,060	9,151	21,949
Residential real estate | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance		0		4,974	4,974
Residential rentals
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance				0	0
Merger Adjustments				0
Total gross charge-offs				0
Recoveries				0
Net (charge-offs) recoveries				0
Provisions				0
Ending Balance		0		0
Residential rentals | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance				0	0
Commercial real estate
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance	21,250	9,858	20,975	4,899	4,899
Merger Adjustments				0
Total gross charge-offs	0	0	0	0	(1,326)
Recoveries	0	0	0	0
Net (charge-offs) recoveries	0	0	0	0
Provisions	174	409	449	1,626
Ending Balance	21,424	10,267	21,424	10,267	20,975
Commercial real estate | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance		0		3,742	3,742
Commercial
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance	2,879	1,921	2,671	1,652	1,652
Merger Adjustments				0
Total gross charge-offs	(23)	0	(23)	0	(243)
Recoveries	2	1	3	8
Net (charge-offs) recoveries	(21)	1	(20)	8
Provisions	8	34	215	(105)
Ending Balance	2,866	1,956	2,866	1,956	2,671
Commercial | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance		0		401	401
Consumer
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance	8,682	5,249	7,601	4,497	4,497
Merger Adjustments				0
Total gross charge-offs	(861)	(177)	(1,386)	(284)	(574)
Recoveries	68	119	144	165
Net (charge-offs) recoveries	(793)	(58)	(1,242)	(119)
Provisions	256	63	1,786	424
Ending Balance	8,145	5,254	8,145	5,254	7,601
Consumer | Consumer Loans, Demand Deposit Overdrafts
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Total gross charge-offs	(400)
Consumer | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance		0		452	452
Credit Cards
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance	199		220	0	0
Merger Adjustments				0
Total gross charge-offs	(78)		(194)	0	(111)
Recoveries	0		8	0
Net (charge-offs) recoveries	(78)		(186)	0
Provisions	391		478	0
Ending Balance	$ 512	$ 0	$ 512	0	220
Credit Cards | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance				$ 0	$ 0

Loans and Allowance for Credi_9

Loans and Allowance for Credit Losses (Schedule of Collateral-Dependent Loans) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Loan Receivables:
Loans, net	$ 4,647,259	$ 4,583,659
Real Estate Collateral
Loan Receivables:
Loans, net	27,025	14,843
Other Collateral
Loan Receivables:
Loans, net	3,689	2,010
Total
Loan Receivables:
Loans, net	30,714	16,853
Construction | Real Estate Collateral
Loan Receivables:
Loans, net	207	662
Construction | Other Collateral
Loan Receivables:
Loans, net	0	0
Construction | Total
Loan Receivables:
Loans, net	207	662
Residential real estate | Real Estate Collateral
Loan Receivables:
Loans, net	19,072	8,047
Residential real estate | Other Collateral
Loan Receivables:
Loans, net	0	0
Residential real estate | Total
Loan Receivables:
Loans, net	19,072	8,047
Commercial real estate | Real Estate Collateral
Loan Receivables:
Loans, net	7,746	6,134
Commercial real estate | Other Collateral
Loan Receivables:
Loans, net	0	0
Commercial real estate | Total
Loan Receivables:
Loans, net	7,746	6,134
Commercial | Real Estate Collateral
Loan Receivables:
Loans, net	0	0
Commercial | Other Collateral
Loan Receivables:
Loans, net	3,302	1,106
Commercial | Total
Loan Receivables:
Loans, net	3,302	1,106
Consumer | Real Estate Collateral
Loan Receivables:
Loans, net	0	0
Consumer | Other Collateral
Loan Receivables:
Loans, net	387	904
Consumer | Total
Loan Receivables:
Loans, net	$ 387	$ 904

Loans and Allowance for Cred_10

Loans and Allowance for Credit Losses (Summary of Loan Modifications) (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Loan Receivables:
Modifications	$ 0	$ 330	$ 0	$ 367
Financing receivable, excluding accrued interest, modified in period, percentage to total receivables		0.01%		0.01%
Term Extension
Loan Receivables:
Modifications		$ 330		$ 367
Interest Rate Reduction
Loan Receivables:
Modifications		0		0
Payment Delay and Term Extension
Loan Receivables:
Modifications		0		0
Term Extension and Interest Rate Reduction
Loan Receivables:
Modifications		0		0
Payment Delay
Loan Receivables:
Modifications		0		0
Construction
Loan Receivables:
Modifications		$ 0		$ 0
Financing receivable, excluding accrued interest, modified in period, percentage to total receivables		0%		0%
Construction | Term Extension
Loan Receivables:
Modifications		$ 0		$ 0
Construction | Interest Rate Reduction
Loan Receivables:
Modifications		0		0
Construction | Payment Delay and Term Extension
Loan Receivables:
Modifications		0		0
Construction | Term Extension and Interest Rate Reduction
Loan Receivables:
Modifications		0		0
Construction | Payment Delay
Loan Receivables:
Modifications		0		0
Residential real estate
Loan Receivables:
Modifications		$ 0		$ 0
Financing receivable, excluding accrued interest, modified in period, percentage to total receivables		0%		0%
Residential real estate | Term Extension
Loan Receivables:
Modifications		$ 0		$ 0
Residential real estate | Interest Rate Reduction
Loan Receivables:
Modifications		0		0
Residential real estate | Payment Delay and Term Extension
Loan Receivables:
Modifications		0		0
Residential real estate | Term Extension and Interest Rate Reduction
Loan Receivables:
Modifications		0		0
Residential real estate | Payment Delay
Loan Receivables:
Modifications		0		0
Residential rentals
Loan Receivables:
Modifications		$ 0		$ 0
Financing receivable, excluding accrued interest, modified in period, percentage to total receivables		0%		0%
Residential rentals | Term Extension
Loan Receivables:
Modifications		$ 0		$ 0
Residential rentals | Interest Rate Reduction
Loan Receivables:
Modifications		0		0
Residential rentals | Payment Delay and Term Extension
Loan Receivables:
Modifications		0		0
Residential rentals | Term Extension and Interest Rate Reduction
Loan Receivables:
Modifications		0		0
Residential rentals | Payment Delay
Loan Receivables:
Modifications		$ 0		0
Commercial real estate
Loan Receivables:
Modification term		3 months
Modifications		$ 108		$ 125
Financing receivable, excluding accrued interest, modified in period, percentage to total receivables		0.01%		0.01%
Commercial real estate | Term Extension
Loan Receivables:
Modifications		$ 108		$ 125
Commercial real estate | Interest Rate Reduction
Loan Receivables:
Modifications		0		0
Commercial real estate | Payment Delay and Term Extension
Loan Receivables:
Modifications		0		0
Commercial real estate | Term Extension and Interest Rate Reduction
Loan Receivables:
Modifications		0		0
Commercial real estate | Payment Delay
Loan Receivables:
Modifications		$ 0		0
Commercial
Loan Receivables:
Modification term		3 months
Modifications		$ 222		$ 242
Financing receivable, excluding accrued interest, modified in period, percentage to total receivables		0.10%		0.11%
Commercial | Term Extension
Loan Receivables:
Modifications		$ 222		$ 242
Commercial | Interest Rate Reduction
Loan Receivables:
Modifications		0		0
Commercial | Payment Delay and Term Extension
Loan Receivables:
Modifications		0		0
Commercial | Term Extension and Interest Rate Reduction
Loan Receivables:
Modifications		0		0
Commercial | Payment Delay
Loan Receivables:
Modifications		0		0
Consumer
Loan Receivables:
Modifications		$ 0		$ 0
Financing receivable, excluding accrued interest, modified in period, percentage to total receivables		0%		0%
Consumer | Term Extension
Loan Receivables:
Modifications		$ 0		$ 0
Consumer | Interest Rate Reduction
Loan Receivables:
Modifications		0		0
Consumer | Payment Delay and Term Extension
Loan Receivables:
Modifications		0		0
Consumer | Term Extension and Interest Rate Reduction
Loan Receivables:
Modifications		0		0
Consumer | Payment Delay
Loan Receivables:
Modifications		0		0
Credit Cards
Loan Receivables:
Modifications		$ 0		$ 0
Financing receivable, excluding accrued interest, modified in period, percentage to total receivables		0%		0%
Credit Cards | Term Extension
Loan Receivables:
Modifications		$ 0		$ 0
Credit Cards | Interest Rate Reduction
Loan Receivables:
Modifications		0		0
Credit Cards | Payment Delay and Term Extension
Loan Receivables:
Modifications		0		0
Credit Cards | Term Extension and Interest Rate Reduction
Loan Receivables:
Modifications		0		0
Credit Cards | Payment Delay
Loan Receivables:
Modifications		$ 0		$ 0

Loans and Allowance for Cred_11

Loans and Allowance for Credit Losses (Summary of Loan Modifications Made to Borrowers Experiencing Financial Difficulty) (Details)	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Commercial real estate
Loan Receivables:
Weighted-Average Months of Term Extension	12 months	1 year
Commercial
Loan Receivables:
Weighted-Average Months of Term Extension	12 months	1 year

Loans and Allowance for Cred_12

Loans and Allowance for Credit Losses (Summary of Aging Analysis of Loan Modifications) (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	$ 330	$ 367	$ 0
Financing receivable, excluding accrued interest, non-accrual, modified in period, amount	330	214
30‑59 days past due
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0	0
60‑89 days past due
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0	0
90 days past due and still accruing
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0	0
90 days past due and not accruing
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0	0
Total past due
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0	0
Current
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0	153
Construction
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0	0
Financing receivable, excluding accrued interest, non-accrual, modified in period, amount	0	0
Construction | 30‑59 days past due
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0	0
Construction | 60‑89 days past due
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0	0
Construction | 90 days past due and still accruing
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0	0
Construction | 90 days past due and not accruing
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0	0
Construction | Total past due
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0	0
Construction | Current
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0	0
Residential real estate
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0	0
Financing receivable, excluding accrued interest, non-accrual, modified in period, amount	0	0
Residential real estate | 30‑59 days past due
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0	0
Residential real estate | 60‑89 days past due
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0	0
Residential real estate | 90 days past due and still accruing
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0	0
Residential real estate | 90 days past due and not accruing
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0	0
Residential real estate | Total past due
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0	0
Residential real estate | Current
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0	0
Residential rentals
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 rentals | 30‑59 days past due
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount		0
Residential rentals | 60‑89 days past due
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount		0
Residential rentals | 90 days past due and still accruing
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount		0
Residential rentals | 90 days past due and not accruing
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount		0
Residential rentals | Total past due
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount		0
Residential rentals | 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	108	125
Financing receivable, excluding accrued interest, non-accrual, modified in period, amount	108	125
Commercial real estate | 30‑59 days past due
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0	0
Commercial real estate | 60‑89 days past due
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0	0
Commercial real estate | 90 days past due and still accruing
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0	0
Commercial real estate | 90 days past due and not accruing
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0	0
Commercial real estate | Total past due
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0	0
Commercial real estate | Current
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0	0
Commercial
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	222	242
Financing receivable, excluding accrued interest, non-accrual, modified in period, amount	222	89
Commercial | 30‑59 days past due
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0	0
Commercial | 60‑89 days past due
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0	0
Commercial | 90 days past due and still accruing
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0	0
Commercial | 90 days past due and not accruing
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0	0
Commercial | Total past due
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0	0
Commercial | Current
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0	153
Consumer
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0	0
Financing receivable, excluding accrued interest, non-accrual, modified in period, amount	0	0
Consumer | 30‑59 days past due
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0	0
Consumer | 60‑89 days past due
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0	0
Consumer | 90 days past due and still accruing
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0	0
Consumer | 90 days past due and not accruing
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0	0
Consumer | Total past due
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0	0
Consumer | Current
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0	0
Credit Cards
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0	0
Financing receivable, excluding accrued interest, non-accrual, modified in period, amount	0	0
Credit Cards | 30‑59 days past due
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0	0
Credit Cards | 60‑89 days past due
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0	0
Credit Cards | 90 days past due and still accruing
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0	0
Credit Cards | 90 days past due and not accruing
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0	0
Credit Cards | Total past due
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	0	0
Credit Cards | Current
Loan Receivables:
Financing receivable, excluding accrued interest, modified in period, amount	$ 0	$ 0

Goodwill and Other Intangible_2

Goodwill and Other Intangibles (Schedule of Components of Goodwill and Other Acquired Intangible Assets) (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 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	(16,206)	(11,061)
Net Carrying Amount	42,945	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	(16,206)	(11,061)
Net Carrying Amount	$ 42,945	$ 48,090
Weighted Average Remaining Life (in years)	3 years 7 months 6 days	3 years 8 months 12 days

Goodwill and Other Intangible_3

Goodwill and Other Intangibles (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of other intangible assets	$ 2,569	$ 435	$ 5,145	$ 876

Goodwill and Other Intangible_4

Goodwill and Other Intangibles (Future Amortization Expense for Amortizable Other Intangible Assets) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
2024	$ 4,634
2025	8,589
2026	7,398
2027	6,208
2028	5,060
Thereafter	11,056
Total amortizing intangible assets	$ 42,945	$ 48,090

Leases (Lease Information) (Det

Leases (Lease Information) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Lessee, Lease, Description [Line Items]
Lease liabilities	$ 12,189	$ 12,857
Right-of-use assets	$ 11,762	$ 12,487
Weighted average remaining lease term	10 years 7 months 9 days	10 years 10 months 17 days
Weighted average discount rate	3.26%	3.24%
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease term	29 days	4 months 20 days
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease term	17 years 2 months 4 days	17 years 8 months 4 days

Leases (Lease Cost) (Details)

Leases (Lease Cost) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Leases [Abstract]
Operating lease cost	$ 494	$ 327	$ 986	$ 667
Total lease cost	494	327	986	667
Cash paid for amounts included in the measurement of lease liabilities	$ 466	$ 310	$ 928	$ 631

Leases (Lease Payments Due) (De

Leases (Lease Payments Due) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Leases [Abstract]
Six months ending December 31, 2024	$ 899
2025	1,680
2026	1,639
2027	1,511
2028	1,460
Thereafter	7,281
Total undiscounted cash flows	14,470
Discount	2,281
Lease liabilities	$ 12,189	$ 12,857

Leases (Narrative) (Details)

Leases (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Leases [Abstract]
Gross rental income	$ 0.3	$ 0.3	$ 0.5	$ 0.7
Lessee, Operating Lease, Option to Extend			TRUE

Leases (Minimum Future Annual R

Leases (Minimum Future Annual Rental Income) (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Minimum Future Annual Rental Income
Six months ending December 31, 2024	$ 446
2025	908
2026	932
2027	619
2028	637
Thereafter	2,477
Total	$ 6,019

Deposits (Summary of Deposits)

Deposits (Summary of Deposits) (Details) $ in Thousands	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Deposits [Abstract]
Noninterest-bearing demand	$ 1,587,252	$ 1,258,037
Noninterest-bearing demand, percentage	0.3083	0.2336
Balance
Demand	$ 658,512	$ 1,165,546
Money market deposits	1,337,274	1,430,603
Savings	352,069	347,324
Certificates of deposit	1,213,778	1,184,610
Total interest-bearing	$ 3,561,633	$ 4,128,083
%
Demand	12.79%	21.64%
Money market deposits	25.97%	26.56%
Savings	6.84%	6.45%
Certificates of deposit	23.57%	21.99%
Total interest-bearing	69.17%	76.64%
Total deposits	$ 5,148,885	$ 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	Jun. 30, 2024 USD ($)
Deposits [Abstract]
Within one year	$ 1,012,597
Year 2	169,730
Year 3	16,729
Year 4	8,512
Year 5	6,206
Thereafter	4
Total	$ 1,213,778

Deposits (Narrative) (Details)

Deposits (Narrative) (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Deposits [Abstract]
Aggregate amount of deposits that exceed the FDIC insurance limit	$ 372.7	$ 354.6

Borrowings (Schedule of Long-Te

Borrowings (Schedule of Long-Term Debt) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023
Debt Instrument [Line Items]
Less net discount and unamortized issuance costs	$ (4,299)	$ (4,822)
Total long-term debt	122,820	72,297
Federal Home Loan Bank Advances
Debt Instrument [Line Items]
Long-term debt, gross	$ 50,000	0	$ 0
Interest Rate	478.60%
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%
Interest Rate	5.265%
Total long-term debt	$ 24,900
October 2030 Subordinated Debentures | Subordinated Debt
Debt Instrument [Line Items]
Long-term debt, gross	$ 19,500	19,500
Interest Rate	4.75%
Interest Rate	4.58%
Total long-term debt	$ 18,600
Severn Capital Trust I | Trust Preferred Securities
Debt Instrument [Line Items]
Long-term debt, gross	$ 20,619	20,619
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
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
Interest Rate	1.70%

Borrowings (Narrative) (Details

Borrowings (Narrative) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023
Debt Instrument [Line Items]
Recorded balance of subordinated debt	$ 122,820	$ 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	18,700
Unamortized fair value adjustment	1,900
Trust Preferred Securities
Debt Instrument [Line Items]
Long-term debt, gross	32,619	32,619
Federal Home Loan Bank Advances
Debt Instrument [Line Items]
Long-term debt, gross	50,000	0	$ 0
Short-term borrowings	31,000	0
September 2030 Subordinated Debentures | Subordinated Debt
Debt Instrument [Line Items]
Long-term debt, gross	25,000	25,000
Recorded balance of subordinated debt	24,900
October 2030 Subordinated Debentures | Subordinated Debt
Debt Instrument [Line Items]
Long-term debt, gross	19,500	19,500
Recorded balance of subordinated debt	18,600
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	6 Months Ended
	Jun. 30, 2024	Jun. 30, 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)	190,166
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	6 Months Ended
	Jun. 30, 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)	51,610
Vested (in shares)	(27,865)
Forfeited (in shares)	0
Nonvested at end of period (in shares)	69,067
Weighted Average Grant Date Fair Value
Nonvested at beginning of period (in dollars per share) | $ / shares	$ 15.42
Granted (in dollars per share) | $ / shares	11.39
Vested (in dollars per share) | $ / shares	17.07
Forfeited (in dollars per share) | $ / shares	0
Nonvested at end of period (in dollars per share) | $ / shares	$ 11.74
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)	(35,146)
Forfeited (in shares)	(3,256)
Nonvested at end of period (in shares)	179,932
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	6 Months Ended
	Jun. 30, 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	Jun. 30, 2024	Dec. 31, 2023
IRLCs
Derivatives, Fair Value [Line Items]
Derivative asset, notional amount	$ 13,904	$ 6,785
Derivative asset, estimated fair value	208	110
TBA forward trades
Derivatives, Fair Value [Line Items]
Derivative asset, notional amount	19,500	1,000
Derivative asset, estimated fair value	85	2
Derivative liability, notional amount	4,000	18,000
Derivative liability, estimated fair value	$ 7	$ 176

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Schedule of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 515,228	$ 511,135	$ 361,638	$ 364,285	$ 511,135	$ 364,285
Other comprehensive income (loss)	(202)	(564)	(400)	860	(766)	460
Ending balance	522,783	515,228	363,140	361,638	522,783	363,140
Net Unrealized Losses
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(8,058)	(7,494)	(8,161)	(9,021)	(7,494)	(9,021)
Other comprehensive income (loss)	(202)		(400)		(766)	460
Ending balance	$ (8,260)	$ (8,058)	$ (8,561)	$ (8,161)	$ (8,260)	$ (8,561)

Regulatory Capital - Narrative

Regulatory Capital - Narrative (Details)	Jun. 30, 2024	Dec. 31, 2023
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
Common Tier 1 Capital to RWA, ratio	0.0650	0.0650
Tier 1 Capital to RWA, ratio	0.0800	0.0800
Well capitalized, minimum, total risk-based capital	0.1000	0.1000
Well capitalized, minimum, leverage ratios	0.0500	0.0500

Regulatory Capital - Schedule o

Regulatory Capital - Schedule of Actual and Required Capital Ratios (Details) $ in Thousands	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Actual
Common Tier 1 Capital to RWA, amount	$ 435,238	$ 408,317
Common Tier 1 Capital to RWA, ratio	0.0906	0.0869
Tier 1 Capital to RWA, amount	$ 464,554	$ 437,475
Tier 1 Capital to RWA, ratio	0.0967	0.0931
Total Capital to RWA, amount	$ 567,680	$ 539,200
Total Capital to RWA, ratio	0.1182	0.1148
Tier 1 Capital to AA (Leverage), amount	$ 464,554	$ 437,475
Tier 1 Capital to AA (Leverage), ratio	0.0807	0.0774
Regulatory Min. Ratio + CCB
Common Tier 1 Capital to RWA, amount	$ 336,226	$ 328,825
Common Tier 1 Capital to RWA, ratio	0.0700	0.0700
Tier 1 Capital to RWA, amount	$ 408,275	$ 399,288
Tier 1 Capital to RWA, ratio	0.0850	0.0850
Total Capital to RWA, amount	$ 504,339	$ 493,238
Total Capital to RWA, ratio	0.1050	0.1050
Tier 1 Capital to AA (Leverage), amount	$ 230,250	$ 225,965
Tier 1 Capital to AA (Leverage), ratio	0.0400	0.0400
Required To Be Considered Well Capitalized
Common Tier 1 Capital to RWA, amount	$ 312,210	$ 305,338
Common Tier 1 Capital to RWA, ratio	0.0650	0.0650
Tier 1 Capital to RWA, amount	$ 384,258	$ 375,800
Tier 1 Capital to RWA, ratio	0.0800	0.0800
Total Capital to RWA, amount	$ 480,323	$ 469,750
Total Capital to RWA, ratio	0.1000	0.1000
Tier 1 Capital to AA (Leverage), amount	$ 287,813	$ 282,456
Tier 1 Capital to AA (Leverage), ratio	0.0500	0.0500
The Bank
Actual
Common Tier 1 Capital to RWA, amount	$ 501,003	$ 470,200
Common Tier 1 Capital to RWA, ratio	0.1045	0.1002
Tier 1 Capital to RWA, amount	$ 501,003	$ 470,200
Tier 1 Capital to RWA, ratio	0.1045	0.1002
Total Capital to RWA, amount	$ 560,625	$ 528,786
Total Capital to RWA, ratio	0.1169	0.1127
Tier 1 Capital to AA (Leverage), amount	$ 501,003	$ 470,200
Tier 1 Capital to AA (Leverage), ratio	0.0871	0.0833
Regulatory Min. Ratio + CCB
Common Tier 1 Capital to RWA, amount	$ 335,756	$ 328,511
Common Tier 1 Capital to RWA, ratio	0.0700	0.0700
Tier 1 Capital to RWA, amount	$ 407,704	$ 398,906
Tier 1 Capital to RWA, ratio	0.0850	0.0850
Total Capital to RWA, amount	$ 503,634	$ 492,766
Total Capital to RWA, ratio	0.1050	0.1050
Tier 1 Capital to AA (Leverage), amount	$ 230,024	$ 225,797
Tier 1 Capital to AA (Leverage), ratio	0.0400	0.0400
Required To Be Considered Well Capitalized
Common Tier 1 Capital to RWA, amount	$ 311,773	$ 305,046
Common Tier 1 Capital to RWA, ratio	0.0650	0.0650
Tier 1 Capital to RWA, amount	$ 383,721	$ 375,441
Tier 1 Capital to RWA, ratio	0.0800	0.0800
Total Capital to RWA, amount	$ 479,651	$ 469,301
Total Capital to RWA, ratio	0.1000	0.1000
Tier 1 Capital to AA (Leverage), amount	$ 287,530	$ 282,247
Tier 1 Capital to AA (Leverage), ratio	0.0500	0.0500

Regulatory Capital - Schedule_2

Regulatory Capital - Schedule of Capital Amounts (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Common equity	$ 522,783	$ 515,228	$ 511,135	$ 363,140	$ 361,638	$ 364,285
Goodwill	(61,460)		(63,266)
Core deposit intangible	(32,313)		(38,069)
DTAs that arise from net operating loss and tax credit carry forwards	(2,032)		(8,977)
AOCI losses	8,260		7,494
Common Tier 1 Capital to RWA, amount	435,238		408,317
TRUPs	29,316		29,158
Tier 1 Capital	464,554		437,475
Allowable reserve for credit losses and other Tier 2 adjustments	59,622		58,586
Subordinated debt, net	43,504		43,139
Total Capital	567,680		539,200
Risk-Weighted Assets ("RWA")	4,803,230		4,697,504
Average Assets ("AA")	5,756,260		5,649,116
The Bank
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Common equity	587,283		570,100
Goodwill	(61,460)		(63,266)
Core deposit intangible	(32,313)		(38,069)
DTAs that arise from net operating loss and tax credit carry forwards	(767)		(6,059)
AOCI losses	8,260		7,494
Common Tier 1 Capital to RWA, amount	501,003		470,200
TRUPs	0		0
Tier 1 Capital	501,003		470,200
Allowable reserve for credit losses and other Tier 2 adjustments	59,622		58,586
Subordinated debt, net	0		0
Total Capital	560,625		528,786
Risk-Weighted Assets ("RWA")	4,796,512		4,693,009
Average Assets ("AA")	$ 5,750,604		$ 5,644,930

Fair Value Measurements (Estima

Fair Value Measurements (Estimated Fair Value and Range) (Details) $ in Thousands	Jun. 30, 2024 USD ($)	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
MSRs	$ 5,995	$ 5,821	$ 5,926
IRLCs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
IRLCs - Derivative Asset	208		110
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
MSRs	5,995		5,926
Level 3 | IRLCs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
IRLCs - Derivative Asset	208		110
Valuation, Market Approach | Prepayment speed | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
MSRs	$ 5,995		$ 5,926
MSRs Range	136		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	$ 208		$ 110
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	0.77		0.78
Maximum | Valuation, Market Approach | Pull through rate | Level 3 | IRLCs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
IRLCs Range	1		1
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) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024
Servicing Asset at Fair Value, Amount [Roll Forward]
Beginning balance	$ 5,821	$ 5,926
Servicing rights resulting from sales of loans	80	198
Valuation adjustment	94	(129)
Ending balance	$ 5,995	$ 5,995

Fair Value Measurements (Acti_2

Fair Value Measurements (Activity in IRLCs) (Details) - IRLCs - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024
Derivative Asset, Subject to Master Netting Arrangement [Roll Forward]
Beginning Balance	$ 232	$ 110
Valuation adjustment	(24)	98
Ending Balance	$ 208	$ 208

Fair Value Measurements (Assets

Fair Value Measurements (Assets and Liabilities Measured on Recurring Basis) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023
Investment securities:
Securities available for sale:	$ 131,594		$ 110,521
Equity securities	5,699		5,703
Loans Held for Sale	27,829		8,782
Loans Held for Investment, at fair value	9,515		9,944
MSRs	5,995	$ 5,821	5,926
Total assets at fair value	180,925		140,988
Total liabilities at fair value	7		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:	131,594		110,521
Equity securities	5,699		5,703
Loans Held for Sale	27,829		8,782
Loans Held for Investment, at fair value	9,515		9,944
MSRs	0		0
Total assets at fair value	174,722		134,952
Total liabilities at fair value	7		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	5,995		5,926
Total assets at fair value	6,203		6,036
Total liabilities at fair value	0		0
U.S. Treasury and government agencies
Investment securities:
Securities available for sale:	20,160		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:	20,160		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:	105,473		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:	105,473		84,027
Mortgage-backed-residential | Level 3
Investment securities:
Securities available for sale:	0		0
Other debt securities
Investment securities:
Securities available for sale:	5,961		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:	5,961		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	85		2
Derivative liabilities, fair value	7		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	85		2
Derivative liabilities, fair value	7		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	208		110
IRLCs | Level 1
Investment securities:
Derivative asset, estimated fair value	0		0
IRLCs | Level 2
Investment securities:
Derivative asset, estimated fair value	0		0
IRLCs | Level 3
Investment securities:
Derivative asset, estimated fair value	$ 208		$ 110

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	Jun. 30, 2024	Dec. 31, 2023
Appraisal Of Collateral
Impaired loans:
Individually evaluated collateral dependent loans	$ 2,311	$ 633
Other real estate owned	179	$ 179
Repossessed properties	$ 1,560
Individually evaluated collateral dependent loans, measurement input	40%	51%
Appraisal Of Collateral | Minimum
Impaired loans:
Other real estate owned, measurement input	0%	0%
Repossessed properties, measurement input	0%
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	40%	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	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023
Assets
Investment securities - AFS	$ 131,594		$ 110,521
Held to maturity, fair value	440,164		457,830
Restricted securities	21,725		17,900
Loans held for sale, at fair value	27,829		8,782
Loans, at fair value	9,515		9,944
MSRs	5,995	$ 5,821	5,926
Level 1
Assets
Cash and cash equivalents	138,883		372,413
Investment securities - AFS	0		0
Held to maturity, fair value	0		0
Equity securities	0		0
Restricted securities	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
Advances from FHLB	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	131,594		110,521
Held to maturity, fair value	440,164		457,830
Equity securities	5,699		5,703
Restricted securities	21,725
Loans held for sale, at fair value	27,829		8,782
Cash surrender value on life insurance	102,969		101,704
Loans, at fair value	9,515		9,944
Loans, net	0		0
MSRs	0		0
Deposits:
Noninterest-bearing demand	1,587,252		1,258,037
Checking plus interest	658,512		1,165,546
Money Market	1,337,274		1,430,603
Savings	350,734		347,324
Club	1,335
Advances from FHLB	80,786
Certificates of Deposit	1,212,174		1,184,447
Subordinated debt, net	43,587		42,579
TRUPS, net	27,691		28,266
Level 2 | TBA forward trades
Assets
Derivative asset	85		2
Deposits:
Derivative liability	7		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
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	4,454,771		4,477,468
MSRs	5,995		5,926
Deposits:
Noninterest-bearing demand	0		0
Checking plus interest	0		0
Money Market	0		0
Savings	0		0
Club	0
Advances from FHLB	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	208		110
Deposits:
Derivative liability	0
Carrying Amount
Assets
Cash and cash equivalents	138,883		372,413
Investment securities - AFS	131,594		110,521
Held to maturity, fair value	499,431		513,188
Equity securities	5,699		5,703
Restricted securities	21,725
Loans held for sale, at fair value	27,829		8,782
Cash surrender value on life insurance	102,969		101,704
Loans, at fair value	9,515		9,944
Loans, net	4,637,744		4,573,715
MSRs	5,995		5,926
Deposits:
Noninterest-bearing demand	1,587,252		1,258,037
Checking plus interest	658,512		1,165,546
Money Market	1,337,274		1,430,603
Savings	350,734		347,324
Club	1,335
Advances from FHLB	81,000
Certificates of Deposit	1,213,778		1,184,610
Subordinated debt, net	43,504		43,139
TRUPS, net	29,316		29,158
Carrying Amount | TBA forward trades
Assets
Derivative asset	85		2
Deposits:
Derivative liability	7		176
Carrying Amount | IRLCs
Assets
Derivative asset	208		110
Deposits:
Derivative liability	0
Fair Value
Assets
Cash and cash equivalents	138,883		372,413
Investment securities - AFS	131,594		110,521
Held to maturity, fair value	440,164		457,830
Equity securities	5,699		5,703
Restricted securities	21,725
Loans held for sale, at fair value	27,829		8,782
Cash surrender value on life insurance	102,969		101,704
Loans, at fair value	9,515		9,944
Loans, net	4,454,771		4,477,468
MSRs	5,995		5,926
Deposits:
Noninterest-bearing demand	1,587,252		1,258,037
Checking plus interest	658,512		1,165,546
Money Market	1,337,274		1,430,603
Savings	350,734		347,324
Club	1,335
Advances from FHLB	80,786
Certificates of Deposit	1,212,174		1,184,447
Subordinated debt, net	43,587		42,579
TRUPS, net	27,691		28,266
Fair Value | TBA forward trades
Assets
Derivative asset	85		2
Deposits:
Derivative liability	7		176
Fair Value | IRLCs
Assets
Derivative asset	208		$ 110
Deposits:
Derivative liability	$ 0

Commitments and Contingencies_2

Commitments and Contingencies (Schedule of Commitments Outstanding) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Commitments outstanding	$ 703,205	$ 641,785
Commitments to extend credit
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Commitments outstanding	676,715	613,266
Letters of credit
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Commitments outstanding	$ 26,490	$ 28,519

Commitments and Contingencies_3

Commitments and Contingencies (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Deposits	$ 5,148,885		$ 5,148,885		$ 5,386,120
Gross loans	4,647,259		4,647,259		$ 4,583,659
Interest Income	73,106	$ 36,633	144,245	$ 71,695
Noninterest income	8,440	$ 5,294	15,007	$ 10,628
Business Activities With Medical Use Cannabis Customers | Medical Use Cannabis Customers
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Deposits	202,300		$ 202,300
Deposits with customers as percentage of total deposits			3.90%
Gross loans	$ 73,600		$ 73,600
Loans with customers as percentage of total loans			1.60%
Interest Income			$ 2,000
Noninterest income			$ 600

Earnings Per Share (Calculation

Earnings Per Share (Calculation of Earnings Per Common Share) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net income	$ 11,234	$ 8,184	$ 4,018	$ 6,457	$ 19,418	$ 10,475
Weighted average shares outstanding - Basic (in shares)	33,234		19,903		33,212	19,895
Dilutive effect of common stock equivalents (in shares)	0		0		0	0
Weighted average shares outstanding - Diluted (in shares)	33,234		19,903		33,212	19,895
Anti-dilutive shares (in shares)	9		0		5	0
Earnings per common share - Basic (in dollars per share)	$ 0.34		$ 0.20		$ 0.58	$ 0.53
Earnings per common share - Diluted (in dollars per share)	$ 0.34		$ 0.20		$ 0.58	$ 0.53

Revenue Recognition (Noninteres

Revenue Recognition (Noninterest Income) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Noninterest Income
Noninterest Income (in-scope of Topic 606)	$ 5,252	$ 3,660	$ 9,961	$ 7,099
Noninterest Income (out-of-scope of Topic 606)	3,188	1,634	5,046	3,529
Total noninterest income	8,440	5,294	15,007	10,628
Service charges on deposit accounts
Noninterest Income
Noninterest Income (in-scope of Topic 606)	1,493	1,264	3,001	2,477
Trust and investment fee income
Noninterest Income
Noninterest Income (in-scope of Topic 606)	896	399	1,630	831
Interchange income
Noninterest Income
Noninterest Income (in-scope of Topic 606)	1,717	1,311	3,304	2,523
Title Company revenue
Noninterest Income
Noninterest Income (in-scope of Topic 606)	165	186	243	323
Other noninterest income
Noninterest Income
Noninterest Income (in-scope of Topic 606)	$ 981	$ 500	$ 1,783	$ 945

Uncategorized Items - shbi-2024

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